Agenda packet — El Centro City Council, June 24, 2025 (part 2 of 3)

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Police Grants Fund (Fund 225)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 2122 - Stonegarden
510106 - Overtime 64,634 $ 13,485 88,977 155,000 -
520110 - Medicare 889 187 1,400 2,200 -
2124 - DOJ Prop56-20-1-016
510101 - Permanent Salaries 42,169 $ - - - -
510105 - Overtime - - - - -
520101 - Retirement 3,800 - - - -
520104 - Group Health Insurance 13,019 - - - -
520105 - Workers Compensation 4,458 - - - -
520106 - Disability Insurance 251 - - - -
520107 - Unemployment Insurance 2,026 - - - -
520109 - Life Insurance 97 - - - -
520110 - Medicare 504 - - - -
2127 - Cannabis Tax Fund
510105 - Overtime - $ - 67,180 50,000 41,964
520110 - Medicare - - 1,000 - -
Total Personnel Services: $ 13,672 131,847 158,557 207,200 41,964 Materials & Services
2121 - 2020-DJ-BX-0580
620114 - Other Safety Supplies - $ - - - -
2122 - Stonegarden
630106 - Motor Vehicle Expense - $ - 58,000 - -
2127 - Cannabis Tax Fund
610109 - Meeting & Travel - $ - 9,560 5,500 -
620114 - Other Safety Supplies - - 27,378 27,317 -
Total Material & Services: $ - - 94,938 32,817 -

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Police Grants Fund (Fund 225)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Capital Projects / Outlay
2122 - Stonegarden
720109 - Computers 25,000 $ - - - -
720112 - Safety Equipment - 122,755 250,000 250,000 -
730103 - Public Safety Vehicles - 107,527 - - -
2127 - Cannabis Tax Fund
730103 - Public Safety Vehicles - $ - 159,512 158,586 - Total Capital Projects / Outlay: $ 230,282 25,000 409,512 408,586 - Transfers Out
Total Transfers Out: $ - - - - -
Total Police Grants Fund: $ 243,954 156,847 663,007 648,603 41,964

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 11,910 $ 20,671 24,000 24,000 - 440104 - Asset Forfeiture 205,748 4,989 10,000 10,344 - Total: $ 25,660 217,658 34,000 34,344 -
Expenditures:
2101 - Police Services
Materials & Services - $ - - - -
Capital Projects / Outlay - - 482,383 482,000 -
Total: $ - - 482,383 482,000 -
Excess (deficit) of revenues over expenditures 217,658 $ 25,660 (448,383) (447,656) - Beginning Fund Balance 403,805 $ 621,463 647,123 647,123 199,467 Ending Fund Balance 621,463 $ 647,123 198,740 199,467 199,467

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25
Capital Expenditures
Buildings - Police Building - $ - 482,383 482,383 -
Total: $ - - 482,383 482,383 -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Asset Forfeiture (Federal) Fund (Fund 226)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Asset Forfeiture Federal Fund (Fund 226)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25 Total Personnel Services: $ - - - - -
Materials & Services
2101 - Police Services
610113 - Professional Services - $ - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
2101 - Police Services
710105 - Buildings - $ - 482,383 482,000 -
Total Capital Projects / Outlay: $ - - 482,383 482,000 - Transfers Out
Total Transfers Out: $ - - - - -
Total Asset Forfeiture - Federal
Fund: $ - - 482,383 482,000 -

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SPECIAL REVENUE
FUNDS
(Parks & Recreation)

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings - $ - - - -
450400 - State Grants - - 5,289,125 1,107,661 9,682,804 Total: $ - - 5,289,125 1,107,661 9,682,804
Expenditures:
5102 - Bucklin Park
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay 5,128 - - - -
5104 - Gomez Park Project
Personnel Services - $ - - - -
Materials & Services - 102,680 194,618 400,000 480,657
Capital Projects / Outlay 875 - 5,019,125 501,778 4,517,347 5109 - Downtown Square Project
Personnel Services - $ - - - -
Materials & Services - - - 97,200 757,800
Capital Projects / Outlay - - - - 3,927,000
Total: $ 102,680 6,003 5,213,743 998,978 9,682,804
Excess (deficit) of revenues over expenditures (6,003) $ (102,680) 75,382 108,683 - Beginning Fund Balance - $ (6,003) (108,683) (108,683) - Ending Fund Balance (6,003) $ (108,683) (33,301) - -
`

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Bucklin Park 5,128 $ - - - -
8XXXX - Gomez Park Project 875 - 5,019,125 501,778 4,517,347 8XXXX - Downtown Square Project - - - - 3,927,000
Total: $ - 6,003 5,019,125 501,778 8,444,347
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Parks Grant Fund (Fund 260)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Parks Grant Fund (Fund 260)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
5104 - Gomez Park Project
610113 - Professional Fees - $ 102,680 144,618 400,000 480,657 610129 - Other Expense - - 50,000 - -
5109 - Downtown Square Project
610113 - Professional Fees - $ - - 97,200 687,800
610135 - Special Events - - - 70,000
Total Material & Services: $ 102,680 - 194,618 497,200 1,238,457 Capital Projects / Outlay
5102 - Buclkin Park
720107 - Parks & Rec Equipment 5,128 $ - - - -
5104 - Gomez Park Project
720106 - Other Real Property 875 $ - 5,019,125 501,778 4,517,347 5109 - Downtown Square Project
720106 - Other Real Property - $ - - - 3,927,000
Total Capital Projects / Outlay: $ - 6,003 5,019,125 501,778 8,444,347 Transfers Out
Total Transfers Out: $ - - - - -
Total Parks Grant Fund: $ 102,680 6,003 5,213,743 998,978 9,682,804

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ESTIMATED ESTIMATED REVISED ESTIMATED PROPOSED

ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 216 $ 184 50 - -
450400 - State Grants - 265,050 85,500 85,500 835,250
450200 - Other Agencies - - 701,856 909,885 -
Total: 265,234 216 787,406 995,385 835,250
Expenditures:
5214 - Urban Forest Grant
Personnel Services - $ - - - -
Materials & Services 91,845 88,348 - - 372,775
Capital Projects / Outlay 117,588 - - - 113,500
5215 - Buena Vista Park Project
Personnel Services - $ - - - -
Materials & Services 75,035 (2,335) 20,000 - 48,975
Capital Projects / Outlay - 287,608 649,856 601,470 300,000 5219 - Imperial Valley Urban Forest
Personnel Services - $ - - - -
Materials & Services 38,028 29,702 52,000 31,500 -
Capital Projects / Outlay - - - - -
Total: $ 403,323 322,496 721,856 632,970 835,250
Excess (deficit) of revenues over expenditures (322,280) $ (138,089) 65,550 362,415 - Beginning Fund Balance 97,954 $ (224,326) (362,415) (362,415) - Ending Fund Balance (224,326) $ (362,415) (296,865) - - `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
Urban Forest Grant 117,588 $ - - - 113,500
Buena Vista Park Project - 287,608 649,856 601,470 300,000 Total: $ 287,608 117,588 649,856 601,470 413,500
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Recreation Projects Fund (Fund 261)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Recreation Projects Fund (Fund 261)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
5214 - Urban Forest Grant
610104 - Water 1,050 $ 2,888 - - 15,000
610113 - Professional Fees 72,411 62,744 - - 262,000
610129 - Other Expense 12,534 - - - 55,775
620123 - Irrigation & Sprinklers 5,850 22,716 - - 40,000 5215 - Buena Vista Park Project
610113 - Professional Fees 75,035 $ (2,335) - - -
610129 - Other Expense - - 20,000 - 48,975
5219 - Imperial Valley Urban Forest
610113 - Professional Fees 38,028 $ - 6,000 4,000 -
620113 - Irrigaton & Sprinklers - 16,180 12,500 12,500 - 620124 - Trees / Plants / Grass - 13,522 33,500 15,000 - Total Material & Services: $ 115,715 204,908 72,000 31,500 421,750 Capital Projects / Outlay
5214 - Urban Forest Grant
710106 - Other Real Property 114,391 $ - - - 107,500
720109 - Computers 3,197 - - - 6,000
5215 - Buena Vista Park Project
710106 - Other Real Property - $ 287,608 649,856 601,470 300,000 Total Capital Projects / Outlay: $ 287,608 117,588 649,856 601,470 413,500 Transfers Out
Total Transfers Out: $ - - - - -
Total Recreation Projects Fund: $ 403,323 322,496 721,856 632,970 835,250

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 292 $ 33 - - -
470120 - Contributions 200 80 - - -
450200 - Other Agencies - - - - -
490101 - Transfers In - General Fund 65,226 70,000 95,000 95,000 95,000 Total: $ 70,113 65,718 95,000 95,000 95,000
Expenditures:
5210 - Special Events
Personnel Services 65,712 $ 97,090 95,000 108,528 30,576 Materials & Services - (28) - 13,978 10,000
Capital Projects / Outlay - - - - -
Total: $ 97,062 65,712 95,000 122,506 40,576
Excess (deficit) of revenues over expenditures 6 $ (26,949) - (27,506) 54,424 Beginning Fund Balance 25 $ 31 (26,918) (26,918) (54,424) Ending Fund Balance 31 $ (26,918) (26,918) (54,424) -
`

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Special Events Fund (Fund 266)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Special Events Fund (Fund 266)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 5210 - Special Events
510101 - Permanent Salaries 944 $ 368 500 800 -
510103 - Temporary Salaries 17,990 26,732 20,125 24,000 - 510105 - Overtime 36,250 53,670 60,000 67,500 30,576
520101 - Retirement 628 982 1,000 900 -
520103 - Social Security 932 1,474 1,200 1,400 -
520104 - Group Health Insurance 5,288 8,356 7,500 9,000 - 520105 - Workers Compensation 1,979 2,980 2,500 2,300 - 520106 - Disability Insurance - 1 - 3 -
520107 - Unemployment Insurance 874 1,317 1,100 1,250 - 520109 - Life Insurance 48 69 75 75 -
520110 - Medicare 779 1,141 1,000 1,300 -
Total Personnel Services: $ 97,090 65,712 95,000 108,528 30,576 Materials & Services
5210 - Special Events
610106 - Advertising - $ - - - -
610129 - Other Expense - - - - -
610135 - Special Events - (28) - 13,978 10,000
Total Material & Services: $ (28) - - 13,978 10,000
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Special Events Fund: $ 97,062 65,712 95,000 122,506 40,576

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 2,277 $ 4,700 4,000 2,600 2,750 470113 - Other Income - - - - -
Total: $ 4,700 2,277 4,000 2,600 2,750
Expenditures:

XXXX - Parks Projects
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 2,277 $ 4,700 4,000 2,600 2,750 Beginning Fund Balance 128,754 $ 131,031 135,731 135,731 138,331 Ending Fund Balance 131,031 $ 135,731 139,731 138,331 141,081 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Park Development Fund (Fund 460)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Park Development Fund (Fund 460)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Park Development Fund: $ - - - - -

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SPECIAL REVENUE
FUNDS
(HUD / CDBG)

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 1 $ (66) - - -
450300 - Federal Grants 298,019 129,642 - 4,320 2,023
470122 - Program Income - - 100 (173) -
Total: $ 129,576 298,020 100 4,147 2,023
Expenditures:
6118 - CDBG CV Round 1
Personnel Services 16,396 $ 1,606 - - -
Materials & Services 34,868 13,781 25,000 3,840 -
Capital Projects / Outlay - - - - -
6119 - CDBG CV Round 3
Materials & Services 300,935 $ 64,943 - - -
Total: $ 80,330 352,199 25,000 3,840 -
Excess (deficit) of revenues over expenditures (54,179) $ 49,246 (24,900) 307 2,023 Beginning Fund Balance 2,603 $ (51,576) (2,330) (2,330) (2,023) Ending Fund Balance (51,576) $ (2,330) (27,230) (2,023) -

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
CDBG COVID 19 Fund (Fund 217)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
CDBG COVID-19 Fund (Fund 217)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 6118 - CDBG CV Round 1
510101 - Permanent Salaries 10,666 $ - - - -
520101 - Retirement 2,645 1,606 - - -
520104 - Group Health Insurance 1,449 - - - -
520105 - Workers Compensation 1,173 - - - -
520106 - Diability Insurance 68 - - - -
520107 - Unemployment Insurance 240 - - - -
520110 - Medicare 155 - - - -
Total Personnel Services: $ 1,606 16,396 - - -
Materials & Services
6118 - CDBG CV Round 1
610113 - Professional Services 89 $ 1,665 - - -
610129 - Other Expense 58 - - - -
620114 - Other Safety Supplies 940 - - - -
640121 - Loans 33,781 12,116 25,000 3,840 -
6119 - CDBG CV - Round 3
640124 - Contributions 300,935 $ 64,943 - - -
Total Material & Services: $ 78,724 335,803 25,000 3,840 - Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total CDBG COVID 19 Fund: $ 80,330 352,199 25,000 3,840 -

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings (76) $ 2,929 3,000 2,400 -
450400 - State Grants - 54,500 - - -
Total: $ 57,429 (76) 3,000 2,400 -
Expenditures:
9312 - 18-HOME-1255
Materials & Services - $ - 100,000 - 100,000
Capital Projects / Outlay - - - - -
Total: $ - - 100,000 - 100,000
Excess (deficit) of revenues over expenditures (76) $ 57,429 (97,000) 2,400 (100,000) Beginning Fund Balance 67,013 $ 66,937 124,366 124,366 126,766 Ending Fund Balance 66,937 $ 124,366 27,366 126,766 26,766

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Home Grant Fund (Fund 240)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
HOME Grant Fund (Fund 240)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
9312 - 18-HOME-1255
610113 - Professional Services - $ - - - -
640121 - Loans - - 100,000 - 100,000
Total Material & Services: $ - - 100,000 - 100,000
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total HOME Grant Fund: $ - - 100,000 - 100,000

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 4,842 $ 8,219 9,000 4,500 6,000 470122 - Program Income 870 4,306 4,000 4,000 4,000
470151 - Program Income - HOME 92 (68) (92) (100) (100) (100) 470158 - Program Income - FTHB (1,612) 17,630 - 30,000 - 470161 - Program Income - FTHB 2001 (353) (461) (450) (450) (450) 470164 - Program Income - Res Rehab 2002 (71) (92) (100) 14,000 (100) 470168 - Program Income - 07-HOME-3078 (71) (92) (100) (100) (100) 470169 - Program Income - 07-HOME-3066 SV (71) (92) (100) (100) (100) Total: $ 29,326 3,466 12,150 51,750 9,150
Expenditures:
9308 - Program Income
Materials & Services - $ - 229,000 696 305,750
Capital Projects / Outlay - - - - -
Total: - - 229,000 696 305,750
Excess (deficit) of revenues over expenditures 3,466 $ 29,326 (216,850) 51,054 (296,600) Beginning Fund Balance 220,259 $ 223,725 253,051 253,051 304,105 Ending Fund Balance 223,725 $ 253,051 36,201 304,105 7,505

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Home Program Income Fund (Fund 241)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
HOME Program Income Fund (Fund 241)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
9308 - Program Income
610109 - Meeting & Travel - $ - - 696 750
610129 - Other Expense 5,000 - 5,000
640121 - Loans - - 224,000 - 300,000
Total Material & Services: $ - - 229,000 696 305,750
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total HOME Program Income Fund: $ - - 229,000 696 305,750

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 6,921 $ 11,411 12,000 7,500 7,500 470122 - Program Income - - - - -
Total: $ 11,411 6,921 12,000 7,500 7,500
Expenditures:
9309 - Rental Rehab
Materials & Services - $ - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 6,921 $ 11,411 12,000 7,500 7,500 Beginning Fund Balance 323,575 $ 330,496 341,907 341,907 349,407 Ending Fund Balance 330,496 $ 341,907 353,907 349,407 356,907

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Rental Rehab HUD Fund (Fund 242)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Rental Rehab HUD Fund (Fund 242)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
9309 - Rental Rehab
610129 - Other Expense - $ - - - -
640121 - Loans - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Rental Rehab HUD Fund: $ - - - - -

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 15,016 $ 21,587 20,000 20,000 25,000 450200 - Other Agencies 45,881 112,092 - - -
470113 - Federal Grants 488,518 276,281 1,017,912 951,052 502,738 470113 - Other Income 872 - - - -
470163 - Entitlement Program Income 562 878 750 7,000 25,000 470165 - CDBG 05-06 Entitlement Program Income (92) (71) (92) (92) (92) 470166 - CDBG 06-07 Entitlement Program Income 1,469 2,227 1,400 1,400 1,400 470167 - CDBG 07-08 Entitlement Program Income (86) (70) (86) (86) (86) 470171 - CDBG 10-11 Entitlement Program Income (184) (141) (184) (184) (184) Total: $ 411,945 552,794 1,039,700 979,090 553,776
Expenditures:
9313 - HUD Clearance & Demolition
Personnel Services 60,430 $ 42,778 30,836 44,276 -
Materials & Services 1,205 9,699 11,900 3,900 24,000
Capital Projects / Outlay 3,902 3,795 - - -
9314 - HUD Administration
Personnel Services 60,664 $ 4,454 64,107 61,253 -
Materials & Services 20,603 143,859 36,060 18,640 24,035 Capital Projects / Outlay - - - - -
9315 - HUD Housing
Materials & Services 7,192 $ 85,376 15,000 134,030 15,000 Capital Projects / Outlay - - 10,000 - 379,576
9316 - HUD - Capital Projects
Materials & Services - $ - - - -
Capital Projects / Outlay 438,713 91,143 861,013 305,390 - 9319 - HUD Public Services
Materials & Services 76,519 $ 79,162 78,998 65,000 82,748 Capital Projects / Outlay - - - - -
Total: $ 460,266 669,228 1,107,914 632,489 525,359
Excess (deficit) of revenues over expenditures (116,434) $ (48,321) (68,214) 346,601 28,417 Beginning Fund Balance 1,688,851 $ 1,572,417 1,524,096 1,524,096 1,870,697 Ending Fund Balance 1,572,417 $ 1,524,096 1,455,882 1,870,697 1,899,114 City of El Centro
Fiscal Year 2025-26 Proposed Budget
HUD Entitlement Fund (Fund 243)

Page 210 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
City of El Centro
Fiscal Year 2025-26 Proposed Budget
HUD Entitlement Fund (Fund 243)

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
Office Machines - $ - - - -
Communication Equipment 3,902 3,795 - - -
Storefront Program 191 - - - -
8XXXX - HUD Housing Programs 438,522 91,143 871,013 305,390 379,576 Total: $ 94,938 442,615 871,013 305,390 379,576
Capital Expenditure Detail

Page 211 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
HUD Entitlement Fund (Fund 243)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9313 - HUD Clearance & Demolition
510103 - Temporary Salaries 48,460 $ 33,920 24,558 35,000 - 520101 - Overtime - 145 - 231 -
520101 - Retirement 362 1,395 492 2,500 -
520103 - Social Security 2,759 1,252 1,317 850 -
520104 - Group Health Insurance 392 145 78 20 -
520105 - Workers Compensation 5,331 3,731 2,805 3,400 - 520106 - Disability Insurance - - - - -
520107 - Unemployment Insurance 2,423 1,696 1,228 1,750 - 520110 - Medicare 703 494 358 525 -
9314 - HUD Administration
510101 - Permanent Salaries 37,738 $ - 40,678 37,500 -
520101 - Retirement 12,109 4,454 11,922 11,922 -
520104 - Group Health Insurance 5,365 - 6,114 5,500 -
520105 - Workers Compensation 3,071 - 2,562 3,500 -
520106 - Disability Insurance 242 - 255 255 -
520107 - Unemployment Insurance 1,592 - 1,997 1,997 -
520110 - Medicare 547 - 579 579 -
Total Personnel Services: $ 47,232 121,094 94,943 105,529 - Materials & Services
9313 - HUD Clearance & Demolition
610113 - Professional Services - $ 9,699 8,000 - 20,000 610121 - Dues & Subscriptions 142 - 1,100 1,100 1,100
610123 - Training 925 - 1,500 1,500 1,600
620101 - Office Supplies 138 - 800 800 800
620112- Protective Clothing - - 500 500 500
9314 - HUD Administration
610109 - Meeting & Travel 859 $ - 6,800 4,000 6,800
610113 - Professional Services 15,057 139,747 15,000 8,500 3,000 610121 - Dues & Subscriptions 1,369 1,354 1,840 1,840 1,815 610129 - Other Expense 513 1,754 7,720 3,500 7,720
620101 - Office Supplies 1,763 432 2,500 800 2,500
620103 - Printing 1,042 572 1,500 - 1,500
630112 - Gasoline & Oil - - 700 - 700
9315 - HUD - Housing
610113 - Professional Services - $ 1,049 15,000 17,500 15,000 640121 - Loans 7,192 84,327 - 116,530 -
9319 - HUD Public Services
610113 - Professional Services 28,708 45,818 47,250 30,000 47,250 640124 - Contributions 47,811 33,344 31,748 35,000 35,498 Total Material & Services: $ 318,096 105,519 141,958 221,570 145,783

Page 212 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
HUD Entitlement Fund (Fund 243)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Capital Projects / Outlay
9313 - HUD Clearance & Demolition
720111 - Communication Equipment 3,902 $ 3,795 - - -
9314 - HUD Administration
720101 - Office Machines - $ - - - -
9315 - HUD - Housing
8XXXX - HUD Housing Programs - $ - 10,000 - 379,576
9316 - HUD - Capital Projects
640127 - Storefront Program 191 $ - - - -
710106 - Other Real Property 438,522 91,143 861,013 305,390 - Total Capital Projects / Outlay: $ 94,938 442,615 871,013 305,390 379,576 Transfers Out
Total Transfers Out: $ - - - - -
Total HUD Entitlement Fund: $ 460,266 669,228 1,107,914 632,489 525,359

Page 213 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 2,662 $ 6,794 2,500 2,000 -
470122 - Program Income (71) (10,402) - (24,069) -
470127 - Prorgam Income - 82 (71) (522) - 354 -
470128 - Program Income 85 21,089 (92) - (20,065) -
470129 - Program Income 87-STBG-143 - (29) - - -
470130 - Program Income STBG 032 (353) (432) - (432) -
470155 - Program Income STBG 557 (71) (92) - (92) -
470137 - Program Income 93-STBG 673 (212) (276) - (276) - 470138 - Program Income 94-STBG-791 (212) (288) - (288) - 470139 - Program Income 95-STBG-890 34,002 (92) - (92) - 470140 - Program Income 96-STBG-1006 35,818 (184) - (184) - 470141 - Program Income 97-STBG-1113 (4,055) (2,563) - 1,000 - 470142 - Program Income 98-STBG-1239 5,243 6,554 6,366 6,366 - 470143 - Program Income 99-STBG-1354 4,023 4,843 4,745 55,000 - 470144 - Program Income 00-STBG-1468 (212) (277) (277)
470149 - Program Income 01-STBG-1579 4,398 6,098 5,856 5,856 - 470150 - Program Income 02-STBG-1695 2,106 2,590 2,498 (2,498) - 470158 - Program Income - FTHB (351) (1,160) 98 800 -
470162 - Program Income 03-STBG-1816 8,749 13,008 12,461 12,461 - Total: $ 23,478 112,482 34,524 35,564 -
Expenditures:
9320 - PI Administration
Personnel Services 154 $ 104 - - -
Materials & Services 45,881 94,371 - - -
Capital Projects / Outlay - - - - -
9314 - HUD Administration
Personnel Services - $ - - - -
Materials & Services - 175 2,000 - 1,500
Capital Projects / Outlay - - - - -
9316 - HUD - Capital Projects
Materials & Services - $ - - - -
Capital Projects / Outlay - - 13,000 - 16,250
9319 - HUD Public Services
Materials & Services - $ 17,721 3,000 - 3,750
Capital Projects / Outlay - - - - -
Total: $ 112,371 46,035 18,000 - 21,500
Excess (deficit) of revenues over expenditures 66,447 $ (88,893) 16,524 35,564 (21,500) Beginning Fund Balance 735,197 $ 801,644 712,751 712,751 748,315 Ending Fund Balance 801,644 $ 712,751 729,275 748,315 726,815 City of El Centro
Fiscal Year 2025-26 Proposed Budget
CDBG Program Income Fund (Fund 244)

Page 214 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
City of El Centro
Fiscal Year 2025-26 Proposed Budget
CDBG Program Income Fund (Fund 244)

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - HUD Capital Projects - $ - 13,000 13,000 13,000 Total: $ - - 13,000 13,000 13,000
Capital Expenditure Detail

Page 215 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
CDBG Program Income Fund (Fund 244)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9320 - PI - General Administration
510101 - Permanent Salaries - $ - - - -
520101 - Retirement 154 104 - - -
520110 - Medicare - - - - -
Total Personnel Services: $ 104 154 - - -
Materials & Services
9320 - PI - General Admininstration
610129 - Other Expense 45,881 $ 93,983 - - -
620101 - Office Supplies - 388 - - -
9314 - HUD Administration
610121 - Dues & Subscriptions - $ 175 - - -
610129 - Other Expense - - 1,000 - 1,000
620101 - Office Supplies - - 1,000 - 500
9319 - HUD Public Services
610113 - Professional Services - $ 17,721 - - -
640124 - Contributions - - 3,000 - 3,750
Total Material & Services: $ 112,267 45,881 5,000 - 5,250 Capital Projects / Outlay
9316 - HUD - Capital Projects
8XXXX - HUD Capital Projects - $ - 13,000 - 16,250
Total Capital Projects / Outlay: $ - - 13,000 - 16,250
Transfers Out
Total Transfers Out: $ - - - - -
Total CDBG Program Income Fund: $ 112,371 46,035 18,000 - 21,500

Page 216 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 10,922 $ 18,008 20,000 12,500 12,500 470122 - Program Income - - - - -
Total: $ 18,008 10,922 20,000 12,500 12,500
Expenditures:
9324 - HELP 080102-06
Materials & Services - $ - 50,000 - 50,000
Capital Projects / Outlay - - - - -
Total: $ - - 50,000 - 50,000
Excess (deficit) of revenues over expenditures 10,922 $ 18,008 (30,000) 12,500 (37,500) Beginning Fund Balance 516,433 $ 527,355 545,363 545,363 557,863 Ending Fund Balance 527,355 $ 545,363 515,363 557,863 520,363

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Housing Enabled by Local Partnership Fund (Fund 245)
Capital Expenditure Detail

Page 217 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Housing Enabled by Local Partnership Fund (Fund 245)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
9324 - HELP 080102-06
610129 - Other Expense - $ - - - -
640121 - Loans - - 50,000 - 50,000
Total Material & Services: $ - - 50,000 - 50,000
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Housing Enabled by Local
Partnership Fund: $ - - 50,000 - 50,000

Page 218 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 7,230 $ 11,445 15,000 17,500 17,500 470159 - Program Income - CalHome-033 (424) (553) 905 (553) (553) 470160 - Program Incom - FTHB 03CALHM-04 1,885 2,906 - 4,000 4,000 470170 - Program Income - 09-CalHome (777) (1,076) - (1,076) (1,076) 470172 - Program Income - Cal Home (136) (116) - 50 50
Total: $ 11,585 8,799 15,905 19,921 19,921
Expenditures:
9326 - Cal HOME Program
Materials & Services - $ - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 8,799 $ 11,585 15,905 19,921 19,921 Beginning Fund Balance 996,413 $ 1,005,212 1,016,797 1,016,797 1,036,718 Ending Fund Balance 1,005,212 $ 1,016,797 1,032,702 1,036,718 1,056,639

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Cal HOME Partnership Fund (Fund 246)
Capital Expenditure Detail

Page 219 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Cal HOME Partnership Fund (Fund 246)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
9326 - Cal HOME Program
610129 - Other Expense - $ - - - -
640121 - Loans - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Cal HOME Partnership Fund: $ - - - - -

Page 220 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings - $ - - - -
450200 - Other Agencies - - - - -
Total: $ - - - - -
Expenditures:

XXXX - CDBG Loan Program
Materials & Services - $ - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures - $ - - - - Beginning Fund Balance - $ - - - -
Ending Fund Balance - $ - - - -

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
CDBG Loan Fund (Fund 247)
Capital Expenditure Detail

Page 221 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
CDBG Loan Fund (Fund 247)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
XXXX - CDBG Loan Program
610129 - Other Expense - $ - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total CDBG Loan Fund: $ - - - - -

Page 222 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 909 $ 1,219 1,000 1,000 1,000 450200 - Other Agencies - - - - -
Total: $ 1,219 909 1,000 1,000 1,000
Expenditures:
9353 - PI Administration
Materials & Services 911 $ 450 2,500 1,800 2,500
Capital Projects / Outlay - - - - -
Total: $ 450 911 2,500 1,800 2,500
Excess (deficit) of revenues over expenditures (2) $ 769 (1,500) (800) (1,500) Beginning Fund Balance 41,592 $ 41,590 42,359 42,359 41,559 Ending Fund Balance 41,590 $ 42,359 40,859 41,559 40,059

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
HOME PI Administration Fund (Fund 250)
Capital Expenditure Detail

Page 223 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
HOME Program Income Administration Fund (Fund 250)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
9353 - PI Administration
610129 - Other Expense - $ - 1,000 300 1,000
610113 - Professional Fees - 450 - - -
610109 - Meeting & Travel 911 - 1,500 1,500 1,500
Total Material & Services: $ 450 911 2,500 1,800 2,500
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total HOME PI Administration Fund: $ 450 911 2,500 1,800 2,500

Page 224 of 394 ends

SPECIAL REVENUE
FUNDS
(IMPACT FEES)

Page 225 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 439 $ 723 750 500 500
480108 - Impact Fees - - - - -
Total: $ 723 439 750 500 500
Expenditures:

XXXX - Administration
Materials & Services - $ - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 439 $ 723 750 500 500 Beginning Fund Balance 20,431 $ 20,870 21,593 21,593 22,093 Ending Fund Balance 20,870 $ 21,593 22,343 22,093 22,593

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Impact Fee - Administration Fund (Fund 230)
Capital Expenditure Detail

Page 226 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Impact Fee - Administration Fund (Fund 230)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Impact Fee - Administration
Fund: $ - - - - -

Page 227 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 4,629 $ 8,023 10,000 6,500 7,000 480108 - Impact Fees 56,100 - 48,960 82,222 -
Total: $ 8,023 60,729 58,960 88,722 7,000
Expenditures:

XXXX - Library
Materials & Services - $ - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 60,729 $ 8,023 58,960 88,722 7,000 Beginning Fund Balance 171,620 $ 232,349 240,372 240,372 329,094 Ending Fund Balance 232,349 $ 240,372 299,332 329,094 336,094

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Impact Fee - Library Fund (Fund 231)
Capital Expenditure Detail

Page 228 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Impact Fee - Library Fund (Fund 231)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Impact Fee - Library Fund: $ - - - - -

Page 229 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 26,546 $ 44,192 25,000 40,000 5,000 480108 - Impact Fees 38,538 10,906 25,824 27,229 -
Total: $ 55,098 65,084 50,824 67,229 5,000
Expenditures:
3302 - Impact - Police
Materials & Services - $ - - - -
Capital Projects / Outlay - - 1,259,217 1,259,217 -
Total: $ - - 1,259,217 1,259,217 -
Excess (deficit) of revenues over expenditures 65,084 $ 55,098 (1,208,393) (1,191,988) 5,000 Beginning Fund Balance 1,208,992 $ 1,274,076 1,329,174 1,329,174 137,186 Ending Fund Balance 1,274,076 $ 1,329,174 120,781 137,186 142,186

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
Buildings - Police Building - $ - 1,259,217 1,259,217 - Total: $ - - 1,259,217 1,259,217 -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Impact Fee - Police Fund (Fund 232)
Capital Expenditure Detail

Page 230 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Impact Fee - Police Fund (Fund 232)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
3302 - Impact - Police
71015 - Buildings - $ - 1,259,217 1,259,217 -
Total Capital Projects / Outlay: $ - - 1,259,217 1,259,217 - Transfers Out
Total Transfers Out: $ - - - - -
Total Impact Fee - Police Fund: $ - - 1,259,217 1,259,217 -

Page 231 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 34 $ (7) 450 300 450
480108 - Impact Fees 62,110 3,599 42,624 71,581 -
Total: $ 3,592 62,144 43,074 71,881 450
Expenditures:

XXXX - Fire
Materials & Services - $ - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 62,144 $ 3,592 43,074 71,881 450 Beginning Fund Balance (50,355) $ 11,789 15,381 15,381 87,262 Ending Fund Balance 11,789 $ 15,381 58,455 87,262 87,712

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Impact Fee - Fire Fund (Fund 233)
Capital Expenditure Detail

Page 232 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Impact Fee - Fire Fund (Fund 233)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Impact Fee - Fire Fund: $ - - - - -

Page 233 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 42,859 $ 46,141 25,000 27,500 4,000 480108 - Impact Fees 154,374 38,483 19,200 31,422 -
Total: $ 84,624 197,233 44,200 58,922 4,000
Expenditures:
2309 - Imperial Avenue Extension
Capital Projects / Outlay 23,984 $ (303,047) - - -
3208 - La Brucherie Widening
Capital Projects / Outlay - $ - 600,000 600,000 -
3223 - Imperial Avenue Phase III
Capital Projects / Outlay - $ - 530,000 530,000 -
3246 - Southeast City Quadrant
Capital Projects / Outlay 484,371 $ 429,003 - - -
3252 - Imperial Avenue Phase II
Capital Projects / Outlay 1,822 $ - 109,095 109,095 -
Total: $ 125,956 510,177 1,239,095 1,239,095 -
Excess (deficit) of revenues over expenditures (312,944) $ (41,332) (1,194,895) (1,180,173) 4,000 Beginning Fund Balance 1,728,212 $ 1,415,268 1,373,936 1,373,936 193,763 Ending Fund Balance 1,415,268 $ 1,373,936 179,041 193,763 197,763

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
Imperial Avenue Extension 23,984 $ (303,047) - - -
8XXXX - La Brucherie Widening - - 600,000 600,000 -
8XXXX - Imperial Avenue Phase III - - 530,000 530,000 - Southeast City Quadrant 484,371 429,003 - - -
8XXXX - Imperial Avenue Phase II 1,822 - 109,095 109,095 - Total: $ 125,956 510,177 1,239,095 1,239,095 -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Impact Fee - Streets Fund (Fund 234)
Capital Expenditure Detail

Page 234 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Impact Fee - Streets Fund (Fund 23)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
2309 - Imperial Avenue Extension
710101 - Land 139,275 $ - - - -
710106 - Other Real Property (115,291) (303,047)
3208 - La Brucherie Widening
8XXXX - Other Real Property - $ - 600,000 600,000 -
3223 - Imperial Avenue Phase III
8XXXX - Other Real Property - $ - 530,000 530,000 -
3246 - SE City Quadrant
710106 - Other Real Property 484,371 $ 429,003 - - -
3252 - Imperial Avenue Phase II
8XXXX - Other Real Property 1,822 $ - 109,095 109,095 - Total Capital Projects / Outlay: $ 125,956 510,177 1,239,095 1,239,095 - Transfers Out
Total Transfers Out: $ - - - - -
Total Impact Fee - Streets Fund: $ 125,956 510,177 1,239,095 1,239,095 -

Page 235 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 8,074 $ 13,796 16,000 10,000 10,000 480108 - Impact Fees 92,689 5,348 63,936 107,372 -
Total: $ 19,144 100,763 79,936 117,372 10,000
Expenditures:
3307 - Impact - Public Facilities
Materials & Services - $ - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 100,763 $ 19,144 79,936 117,372 10,000 Beginning Fund Balance 300,007 $ 400,770 419,914 419,914 537,286 Ending Fund Balance 400,770 $ 419,914 499,850 537,286 547,286

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
Other Real Property - $ - - - -
Portable Shop Equipment - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Impact Fee - Public Facilities Fund (Fund 237)
Capital Expenditure Detail

Page 236 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Impact Fee - Public Facilities Fund (Fund 237)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
3307 - Impact - Public Facilities
710106 - Other Real Property - $ - - - -
720105 - Portable Shop Equipment - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Impact Fee - Public Facilities
Fund: $ - - - - -

Page 237 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 6,756 $ 12,195 12,000 12,000 12,000 480108 - Impact Fees 120,678 - 88,416 164,622 -
Total: $ 12,195 127,434 100,416 176,622 12,000
Expenditures:
3308 - Impact - Parks & Recreation
Materials & Services - $ - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 127,434 $ 12,195 100,416 176,622 12,000 Beginning Fund Balance 225,508 $ 352,942 365,137 365,137 541,759 Ending Fund Balance 352,942 $ 365,137 465,553 541,759 553,759

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
Other Real Property - $ - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Impact Fee - Parks & Recreation Fund (Fund 238)
Capital Expenditure Detail

Page 238 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Impact Fee - Parks & Recreation Fund (Fund 238)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
3308 - Impact - Parks & Recreation
710106 - Other Real Property - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Impact Fee - Parks & Recreation
Fund: $ - - - - -

Page 239 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 4,749 $ 7,831 9,000 5,375 -
450200 - Other Agencies - - - - -
Total: $ 7,831 4,749 9,000 5,375 -
Expenditures:
9109 - Fire Mitigation Projects
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - 60,000 180,000
Total: $ - - - 60,000 180,000
Excess (deficit) of revenues over expenditures 4,749 $ 7,831 9,000 (54,625) (180,000) Beginning Fund Balance 222,045 $ 226,794 234,625 234,625 180,000 Ending Fund Balance 226,794 $ 234,625 243,625 180,000 - `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - CAD / RMS Project - - $ - - 60,000 180,000
Total: $ - - - 60,000 180,000
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Fire Mitigation Fees Fund (Fund 270)
Capital Expenditure Detail

Page 240 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Fire Mitigation Fund (Fund 270)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
9109 - Fire Mitigation Fees
8XXXX - CAD / RMS Project - $ - - 60,000 180,000
Total Capital Projects / Outlay: $ - - - 60,000 180,000 Transfers Out
Total Transfers Out: $ - - - - -
Total Fire Mitigation Fund: $ - - - 60,000 180,000

Page 241 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 10,078 $ 16,617 19,000 14,000 - 450200 - Other Agencies - - - - -
Total: $ 16,617 10,078 19,000 14,000 -
Expenditures:

XXXX - Police Mitigation Projects
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - 127,750 383,250
Total: $ - - - 127,750 383,250
Excess (deficit) of revenues over expenditures 10,078 $ 16,617 19,000 (113,750) (383,250) Beginning Fund Balance 471,175 $ 481,253 497,870 497,870 384,120 Ending Fund Balance 481,253 $ 497,870 516,870 384,120 870 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - CAD / RMS Project - - $ - - 127,750 383,250
Total: $ - - - 127,750 383,250
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Police Mitigation Fees Fund (Fund 271)
Capital Expenditure Detail

Page 242 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Police Mitigation Fund (Fund 271)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
9105 - Police Mitigation Fees
8XXXX - CAD / RMS Project - $ - - 127,750 383,250
Total Capital Projects / Outlay: $ - - - 127,750 383,250 Transfers Out
Total Transfers Out: $ - - - - -
Total Police Mitigation Fund: $ - - - 127,750 383,250

Page 243 of 394 ends

SPECIAL REVENUE
FUNDS
(L&L / CFD)

Page 244 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 2,338 $ 3,800 4,000 1,700 3,000 410101 - Property Taxes 42,846 53,553 67,053 91,432 80,454 Total: $ 57,353 45,184 71,053 93,132 83,454
Expenditures:
9901 - Lighting & Landscape District
Personnel Services - $ - - - 9,444
Materials & Services 52,430 52,669 91,900 51,200 104,246 Capital Projects / Outlay - - 60,500 - -
Transfers Out 3,500 $ 3,500 3,500 3,500 3,500
Total: $ 56,169 55,930 155,900 54,700 117,190
Excess (deficit) of revenues over expenditures (10,746) $ 1,184 (84,847) 38,432 (33,736) Beginning Fund Balance 131,226 $ 120,480 121,664 121,664 160,096 Ending Fund Balance 120,480 $ 121,664 36,817 160,096 126,360 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Basketball Court Project - $ - 60,500 - -
Total: $ - - 60,500 - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Buena Vista Lighting & Landscaping Fund (Fund 272)
Capital Expenditure Detail

Page 245 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Buena Vista Lighting & Landscaping Fund (Fund 272)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9901 - Lighting & Landscape District
5XXXX - Full Time Salary / Benefits - $ - - - 9,444
Total Personnel Services: $ - - - - 9,444
Materials & Services
9901 - Lighting & Landscape District
610101 - Electricity 651 $ 659 2,000 1,300 1,500
610104 - Water 1,616 3,116 9,000 3,500 6,000
610113 - Professional Fees 4,415 4,700 5,000 5,000 4,889 610129 - Other Expense 704 580 900 1,400 1,011
620122 - Grounds / Landscaping 22,800 28,602 50,000 12,500 50,000 630103 - Grounds / Landscaping Mtc 22,244 15,012 25,000 27,500 40,846 Total Material & Services: $ 52,669 52,430 91,900 51,200 104,246 Capital Projects / Outlay
9901 - Lighting & Landscape District
8XXXX - Basketball Court Project - $ - 60,500 - -
Total Capital Projects / Outlay: $ - - 60,500 - -
Transfers Out
9901 - Lighting & Landscape District
820101 - Transfers Out - General Fund 3,500 $ 3,500 3,500 3,500 3,500 Total Transfers Out: $ 3,500 3,500 3,500 3,500 3,500
Total Buena Vista L&L Fund: $ 56,169 55,930 155,900 54,700 117,190

Page 246 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 2,148 $ 7,280 8,000 4,000 4,000 410101 - Property Taxes 111,181 114,637 114,690 114,690 114,690 Total: $ 121,917 113,329 122,690 118,690 118,690
Expenditures:
9910 - CFD - Legacy Ranch
Personnel Services - $ - - - -
Materials & Services 108,444 112,805 114,690 114,940 117,348 Capital Projects / Outlay - - - - -
Total: $ 112,805 108,444 114,690 114,940 117,348
Excess (deficit) of revenues over expenditures 4,885 $ 9,112 8,000 3,750 1,342 Beginning Fund Balance 265,809 $ 270,694 279,806 279,806 283,556 Ending Fund Balance 270,694 $ 279,806 287,806 283,556 284,898 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Legacy Ranch CFD Fund (Fund 273)
Capital Expenditure Detail

Page 247 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Legacy Ranch CFD Fund (Fund 273)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
9910 - CFD Legacy Ranch
610113 - Professional Fees 6,069 $ 7,362 6,500 6,750 6,750 640110 - Interest Expense 69,460 67,478 65,190 65,190 62,598 640112 - Bank Charges 2,915 2,965 3,000 3,000 3,000
640114 - Principal on Debt 30,000 35,000 40,000 40,000 45,000 Total Material & Services: $ 112,805 108,444 114,690 114,940 117,348 Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
$ - - - - -
Total Transfers Out: $ - - - - -
Total Legacy Ranch CFD Fund: $ 112,805 108,444 114,690 114,940 117,348

Page 248 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings (77) $ 20 100 200 200
410101 - Property Taxes 37,163 50,079 67,729 67,729 61,376 Total: $ 50,099 37,086 67,829 67,929 61,576
Expenditures:
9902 - Lightng & Landscape - Legacy Ranch
Personnel Services - $ - - - 9,444
Materials & Services 39,421 49,285 55,900 51,500 48,482 Capital Projects / Outlay - 6,341 - - -
Transfers Out 3,500 $ 3,500 3,500 3,500 3,500
Total: $ 59,126 42,921 59,400 55,000 61,426
Excess (deficit) of revenues over expenditures (5,835) $ (9,027) 8,429 12,929 150 Beginning Fund Balance 17,345 $ 11,510 2,483 2,483 15,412 Ending Fund Balance 11,510 $ 2,483 10,912 15,412 15,562 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
Parks & Recreation Equipment - $ 6,341 - - -
8XXXX - Basketball Court Project - - - - -
Total: $ 6,341 - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Legacy Ranch Lighting & Landscape Fund (Fund 274)
Capital Expenditure Detail

Page 249 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Legacy Ranch Lighting & Landscape Fund (Fund 274)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9902 - Lighting & Landscape - Legacy Ranch
5XXXX - Full Time Salary / Benefits - $ - - - 9,444
Total Personnel Services: $ - - - - 9,444
Materials & Services
9902 - Lighting & Landscape - Legacy Ranch
610101 - Electricity 2,372 $ 3,427 3,400 3,500 3,500
610104 - Water 7,208 7,658 7,800 7,800 7,800
610113 - Professional Services 3,148 3,351 3,700 3,700 4,000 610129 - Other Expense 1,090 8,903 3,000 1,500 3,000
620122 - Grounds Landscaping 704 4,099 8,000 5,000 4,000 630103 - Grounds Landscaping Mtc 24,899 21,847 30,000 30,000 26,182 Total Material & Services: $ 49,285 39,421 55,900 51,500 48,482 Capital Projects / Outlay
9902 - Lighting & Landscape - Legacy Ranch
720107 - Parks & Recreation Eqpt - $ 6,341 - - -
8XXXX - Basketball Court Project - - - - -
Total Capital Projects / Outlay: $ 6,341 - - - -
Transfers Out
9902 - Lighting & Landscape - Legacy Ranch
820101 - Transfers Out - General Fund 3,500 $ 3,500 3,500 3,500 3,500 Total Transfers Out: $ 3,500 3,500 3,500 3,500 3,500
Total Legacy Ranch L&L Fund: $ 59,126 42,921 59,400 55,000 61,426

Page 250 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 1,557 $ 2,567 2,900 1,000 325 410101 - Property Taxes - - - - -
Total: $ 2,567 1,557 2,900 1,000 325
Expenditures:
9911 - CFD - IV Commons
Personnel Services - $ - - - -
Materials & Services - - 1,000 - -
Capital Projects / Outlay - - - - -
Total: $ - - 1,000 - -
Excess (deficit) of revenues over expenditures 1,557 $ 2,567 1,900 1,000 325 Beginning Fund Balance 10,950 $ 12,507 15,074 15,074 16,074 Ending Fund Balance 12,507 $ 15,074 16,974 16,074 16,399 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
IV Commons CFD Fund (Fund 275)
Capital Expenditure Detail

Page 251 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
IV Commons CFD Fund (Fund 275)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
9911 - CFD - IV Commons
610113 - Professional Fees - $ - 1,000 - -
Total Material & Services: $ - - 1,000 - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
$ - - - - -
Total Transfers Out: $ - - - - -
Total IV Commons CFD Fund: $ - - 1,000 - -

Page 252 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 5 $ 7 8 2 -
410101 - Property Taxes - - - - 26,015
Total: $ 7 5 8 2 26,015
Expenditures:
9904 - Lighting & Landscape - Lotus Ranch
Personnel Services - $ - - - 9,444
Materials & Services - - - 1,089 3,199
Capital Projects / Outlay - - - - -
Total: $ - - - 1,089 12,643
Excess (deficit) of revenues over expenditures 5 $ 7 8 (1,087) 13,372 Beginning Fund Balance 203 $ 208 215 215 (872)
Ending Fund Balance 208 $ 215 223 (872) 12,500
`

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Basketball Court Project - - $ - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Lotus Ranch Lighting & Landscape Fund (Fund 280)
Capital Expenditure Detail

Page 253 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Lotus Ranch Lighting & Landscape Fund (Fund 280)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9904 - Lotus Ranch L&L
5XXXX - Full Time Salary / Benefits - $ - - - 9,444
Total Personnel Services: $ - - - - 9,444
Materials & Services
9904 - Lotus Ranch L&L
610129 - Other Expense - $ - - 689 29
630103 - Ground / Lscp Mtc - - - 400 3,170
Total Material & Services: $ - - - 1,089 3,199
Capital Projects / Outlay
9904 - Lotus Ranch L&L
8XXXX - Basketball Court Project - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
$ - - - - -
Total Transfers Out: $ - - - - -
Total Lotus Ranch L&L Fund: $ - - - 1,089 12,643

Page 254 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 394 $ 1,044 1,000 650 800
410101 - Property Taxes 26,178 30,876 34,477 34,477 36,296 Total: $ 31,920 26,572 35,477 35,127 37,096
Expenditures:
9903 - L&L District - Town Center
Personnel Services - $ - - - 9,444
Materials & Services 16,602 17,246 26,200 22,950 32,137 Capital Projects / Outlay - - - - -
Transfers Out 5,550 $ 5,550 5,550 5,550 5,550
Total: $ 22,796 22,152 31,750 28,500 47,131
Excess (deficit) of revenues over expenditures 4,420 $ 9,124 3,727 6,627 (10,035) Beginning Fund Balance 20,781 $ 25,201 34,325 34,325 40,952 Ending Fund Balance 25,201 $ 34,325 38,052 40,952 30,917 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Basketball Court Project - - $ - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Town Center Lighting & Landscape Fund (Fund 290)
Capital Expenditure Detail

Page 255 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Town Center Lighting & Landscape Fund (Fund 290)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9903 - L&L District - Town Center
5XXXX - Full Time Salary / Benefits - $ - - - 9,444
Total Personnel Services: $ - - - - 9,444
Materials & Services
9903 - L&L District - Town Center
610101 - Electricity - $ - 1,000 - -
610104 - Water 431 416 1,100 1,100 1,500
610113 - Professional Services 3,561 3,791 4,100 4,100 4,950 610129 - Other Expense 516 763 1,000 1,750 3,000
620122 - Grounds Landscaping 124 382 2,000 1,000 3,000
620130 - Maintenance Supplies 76 - 2,000 - -
630103 - Grounds Landscaping Mtc 11,894 11,894 15,000 15,000 19,687 Total Material & Services: $ 17,246 16,602 26,200 22,950 32,137 Capital Projects / Outlay
9903 - L&L District - Town Center
8XXXX - Basketball Court Project - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
9903 - L&L District - Town Center
820101 - Transfers Out - General Fund 5,550 $ 5,550 5,550 5,550 5,550 Total Transfers Out: $ 5,550 5,550 5,550 5,550 5,550
Total Town Center L&L Fund: $ 22,796 22,152 31,750 28,500 47,131

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CAPITAL PROJECT
FUNDS

Page 257 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 6,999 $ 797 - 150 -
450400 - State Grants - - - - -
Total: $ 797 6,999 - 150 -
Expenditures:
3209 - Imperial Avenue Extension
Materials & Services - $ - - - -
Capital Projects / Outlay - 326,881 - - -
Total: $ 326,881 - - - -
Excess (deficit) of revenues over expenditures 6,999 $ (326,084) - 150 - Beginning Fund Balance 327,242 $ 334,241 8,157 8,157 8,307 Ending Fund Balance 334,241 $ 8,157 8,157 8,307 8,307

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Imperial Avenue Extension - $ 326,881 - - -
Total: $ 326,881 - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Wake Avenue Extension Project Fund (Fund 209)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Wake Avenue Extension Project Fund (Fund 209)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
3209 - Imperial Avenue Extension
610113 - Professional Services - $ - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
3209 - Imperial Avenue Extension
8XXXX - Jacaranda Gardens Prj - $ 326,881 - - -
Total Capital Projects / Outlay: $ 326,881 - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Jacaranda Gardens Fund: $ 326,881 - - - -

Page 259 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings - $ - - - -
450400 - State Grants (Aff & Sustainable Comm.) - - 5,536,720 229,179 5,307,541 Total: $ - - 5,536,720 229,179 5,307,541
Expenditures:
6127 - Jacaranda Gardens Project
Materials & Services - $ 29,179 795,541 200,000 595,541 Capital Projects / Outlay - - 4,712,000 - 4,712,000
Total: $ 29,179 - 5,507,541 200,000 5,307,541
Excess (deficit) of revenues over expenditures - $ (29,179) 29,179 29,179 - Beginning Fund Balance - $ - (29,179) (29,179) -
Ending Fund Balance - $ (29,179) - - -

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Jacaranda Gardens Project - $ - 4,712,000 - 4,712,000 Total: $ - - 4,712,000 - 4,712,000
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Jacaranda Gardens Project Fund (Fund 218)
Capital Expenditure Detail

Page 260 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Jacaranda Gardens Project Fund (Fund 218)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Total Personnel Services: $ - - - - -
Materials & Services
6127 - Jacaranda Gardens Project
610113 - Professional Services - $ 29,179 795,541 200,000 595,541 Total Material & Services: $ 29,179 - 795,541 200,000 595,541 Capital Projects / Outlay
6127 - Jacaranda Gardens Project
8XXXX - Jacaranda Gardens Prj - $ - 4,712,000 - 4,712,000 Total Capital Projects / Outlay: $ - - 4,712,000 - 4,712,000 Transfers Out
Total Transfers Out: $ - - - - -
Total Jacaranda Gardens Fund: $ 29,179 - 5,507,541 200,000 5,307,541

Page 261 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings - $ - - - -
450400 - State Grants - Tropical Storm Hilary - - 52,858 575,740 - 491000 - Transfers In - Fund 502 - - - 81,609 -
Total: $ - - 52,858 657,349 -
Expenditures:
6124 - Imperial Avenue & Euclid
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay 543,718 60,772 - - -
6125 - Imperial Avenue & Scott
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay 302,488 66,811 - - -
61426 - Tropical Cyclone Hilary
Personnel Services - $ 66,442 - - -
Materials & Services - 21,054 - - -
Capital Projects / Outlay - - - - -
Total: $ 215,079 846,206 - - -
Excess (deficit) of revenues over expenditures (846,206) $ (215,079) 52,858 657,349 - Beginning Fund Balance - $ (846,206) (1,061,285) (1,061,285) (403,936) Ending Fund Balance (846,206) $ (1,061,285) (1,008,427) (403,936) (403,936) City of El Centro
Fiscal Year 2025-26 Proposed Budget
Natural Disasters Fund (Fund 281)

Page 262 of 394 ends

City of El Centro
Fiscal Year 2025-26 Proposed Budget
Natural Disasters Fund (Fund 281)
`

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
Imperial Avenue & Euclid 543,718 $ 60,772 - - -
Imperial Avenue & Scott 302,488 66,811 - - -
Total: $ 127,583 846,206 - - -
Capital Expenditure Detail

Page 263 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Natural Disasters Fund (Fund 281)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 6126 - Tropical Cyclone Hilary
510101 - Permanent Salaries - $ 3,272 - - -
510102 - Permanent Salaries - Sworn - 14,065 - - -
510103 - Temporary Salaries - 2,458 - - -
510105 - Overtime - 35,329 - - -
520101 - Retirement - 2,980 - - -
520103 - Social Security - 111 - - -
520104 - Group Health Insurance - 4,947 - - -
520105 - Workers Compensation - 1,671 - - -
520106 - Disability Insurance - 35 - - -
520107 - Unemployment Insurance - 756 - - -
520109 - Life Insurance - 43 - - -
520110 - Medicare - 775 - - -
Total Personnel Services: $ 66,442 - - - -
Materials & Services
6126 - Tropical Cyclone Hilary
620114 - Other Safety Supplies - $ 21,054 - - -
Total Material & Services: $ 21,054 - - - -
Capital Projects / Outlay
6124 - Imperial Avenue & Euclid
710106 - Other Real Property 543,718 $ 60,772 - - -
6125 - Imperial Avenue & Scott
710106 - Other Real Property 302,488 $ 66,811
Total Capital Projects / Outlay: $ 127,583 846,206 - - -

Page 264 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Natural Disasters Fund (Fund 281)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Transfers Out
$ - - - - -
Total Transfers Out: $ - - - - -
Total Natural Disasters Fund: $ 215,079 846,206 - - -

Page 265 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25
Revenues:
470121 - Interest Earnings - $ - - - -
450300 - Federal Grants 237,622 376,999 6,462,241 195,955 6,453,833 Total: $ 376,999 237,622 6,462,241 195,955 6,453,833
Expenditures:
3209 - Imperial Avenue Extension
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay 8,407 1,438,729 59,435 8,408 51,027 3213 - ATP 5 - Imperial Avenue
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - 882,000 - 882,000
3215 - APCD TAG Grant - Alley Paving
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - 150,000 - 150,000
3252 - Imperial Avenue Extension - Phase 2
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - 2,445,784 258,775 - 258,775 3261 - SLLP Overlay
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
3272 - Plaza / 8th Street Signal Lights
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay 187,547 - - 187,547 -
3275 - COVID STIP - East Main Street
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - 1,137,000 - - -
3276 - CMAQ - Imperial Avenue
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - 85,000 - 85,000
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Federal Highway Administration Projects Fund (Fund 401)

Page 266 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Federal Highway Administration Projects Fund (Fund 401) 3277 - SB1 LPP - Commercial Avenue
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - 378,920 134,729 - 134,729
Total: $ 5,400,433 195,954 1,569,939 195,955 1,561,531
Excess (deficit) of revenues over expenditures 41,668 $ (5,023,434) 4,892,302 - 4,892,302 Beginning Fund Balance 89,464 $ 131,132 (4,892,302) (4,892,302) (4,892,302) Ending Fund Balance 131,132 $ (4,892,302) - (4,892,302) - `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Imperial Avenue Extension 8,407 $ 1,438,729 59,435 8,408 51,027 8XXXX - ATP 5 - Imperial Avenue - - 882,000 - 882,000
8XXXX - APCD TAG Grant - Alley Repaving - - 150,000 - 150,000 8XXXX - Imperial Avenue Extension - Phase II - 2,445,784 258,775 - 258,775 SLLP Overlay - - - - -
Plaza / 8th Street Signal Lights 187,547 - - 187,547 -
COVID / STIP - East Main Street - 1,137,000 - - -
8XXXX - CMAQ - Imperial Avenue - - 85,000 - 85,000
8XXXX - SB1 LLP - Commercial Avenue - 378,920 134,729 - 134,729 Total: $ 5,400,433 195,954 1,569,939 195,955 1,561,531
Capital Expenditure Detail

Page 267 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Federal Highway Administration Projects Fund (Fund 401)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
3209 - Imperial Avenue Extension
710104 - Land 8,407 $ - - - -
8XXXX - Imperial Ave Extension - 1,438,729 59,435 8,408 51,027 3213 - ATP 5 - Imperial Avenue
8XXXX - Imperial Avenue ATP 5 - $ - 882,000 - 882,000
3215 - APCD TAG Grant - Alley Paving
8XXXX - Alley Paving - $ - 150,000 - 150,000
3252 - Imperial Avenue Extension - Phase 2
8XXXX - Imperial Ave Ext - Phase II - $ 2,445,784 258,775 - 258,775 3261 - SLLP Overlay
710106 - Other Real Property - $ - - - -
3272 - Plaza / 8th Steet Signal Lights
710106 - Other Real Property 187,547 $ - - 187,547 -
3275 - COVID STIP - East Main Street
710106 - Other Real Property - $ 1,137,000 - - -
3276 - CMAQ - Imperial Avenue
8XXXX - Imperial Avenue Project - $ - 85,000 - 85,000
3277 - SB1 LPP - Commercial Avenue
8XXXX - Commercial Ave Project - $ 378,920 134,729 - 134,729 Total Capital Projects / Outlay: $ 5,400,433 195,954 1,569,939 195,955 1,561,531 Transfers Out
Total Transfers Out: $ - - - - -
Total FHA Projects Fund: $ 5,400,433 195,954 1,569,939 195,955 1,561,531

Page 268 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 5,317 $ 8,768 8,000 5,500 5,750 XXXXX - Project Funding - - - - -
Total: $ 8,768 5,317 8,000 5,500 5,750
Expenditures:

XXXX - Orange Avenue Lift Station
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 5,317 $ 8,768 8,000 5,500 5,750 Beginning Fund Balance 248,613 $ 253,930 262,698 262,698 268,198 Ending Fund Balance 253,930 $ 262,698 270,698 268,198 273,948 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Orange Avenue Regional Lift Station Fund (Fund 402)
Capital Expenditure Detail

Page 269 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Orange Avenue Regional Lift Station Fund (Fund 402)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
XXXX - Orange Avenue Regional Lift Stn
710106 - Other Real Property - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Orange Avenue Regional Lift
Station Fund: $ - - - - -

Page 270 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 15,194 $ 28,966 28,000 12,000 7,000 XXXXX - Project Funding - - - - -
Total: $ 28,966 15,194 28,000 12,000 7,000
Expenditures:

XXXX - Drainage Facility Project
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 15,194 $ 28,966 28,000 12,000 7,000 Beginning Fund Balance 273,728 $ 288,922 317,888 317,888 329,888 Ending Fund Balance 288,922 $ 317,888 345,888 329,888 336,888 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Drainage Facility Fund (Fund 403)
Capital Expenditure Detail

Page 271 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Drainage Facility Fund (Fund 403)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
XXXX - Drainage Facility Project
710106 - Other Real Property - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Drainage Facility Fund: $ - - - - -

Page 272 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 7,880 $ 14,352 13,500 6,000 2,500 XXXXX - Project Funding - - - - -
Total: $ 14,352 7,880 13,500 6,000 2,500
Expenditures:

XXXX - Lotus Parallel Project
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 7,880 $ 14,352 13,500 6,000 2,500 Beginning Fund Balance 74,803 $ 82,683 97,035 97,035 103,035 Ending Fund Balance 82,683 $ 97,035 110,535 103,035 105,535 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Lotus Parallel Fund (Fund 404)
Capital Expenditure Detail

Page 273 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Lotus Parallel Fund (Fund 404)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
XXXX - Lotus Parallel Project
710106 - Other Real Property - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Lotus Parallel Fund: $ - - - - -

Page 274 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 3,624 $ 5,976 5,000 2,500 1,250 XXXXX - Project Funding - - - - -
Total: $ 5,976 3,624 5,000 2,500 1,250
Expenditures:

XXXX - IID Facility Crossing Project
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 3,624 $ 5,976 5,000 2,500 1,250 Beginning Fund Balance 36,480 $ 40,104 46,080 46,080 48,580 Ending Fund Balance 40,104 $ 46,080 51,080 48,580 49,830 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
IID Facility Crossing Fund (Fund 405)
Capital Expenditure Detail

Page 275 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
IID Facility Crossing Fund (Fund 405)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
XXXX - IID Facility Crossing Project
710106 - Other Real Property - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total IID Facility Crossing Fund: $ - - - - -

Page 276 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 420 $ 693 500 275 275
XXXXX - Project Funding - - - - -
Total: $ 693 420 500 275 275
Expenditures:

XXXX - 8th St. Overpass Project
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 420 $ 693 500 275 275 Beginning Fund Balance 4,642 $ 5,062 5,755 5,755 6,030
Ending Fund Balance 5,062 $ 5,755 6,255 6,030 6,305
`

ESTIMATED ESTIMATED REVISED PROJECTED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
8th Street Overpass Fund (Fund 406)
Capital Expenditure Detail

Page 277 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
8th Street Overpass Fund (Fund 406)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
XXXX - 8th St Overpass Project
710106 - Other Real Property - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total 8th Street Overpass Fund: $ - - - - -

Page 278 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 443 $ 730 500 350 350
XXXXX - Project Funding - - - - -
Total: $ 730 443 500 350 350
Expenditures:

XXXX - Colonia El Dorado Street Project
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 443 $ 730 500 350 350 Beginning Fund Balance 20,705 $ 21,148 21,878 21,878 22,228 Ending Fund Balance 21,148 $ 21,878 22,378 22,228 22,578 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Colonia El Dorado Street Project Fund (Fund 407)
Capital Expenditure Detail

Page 279 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Colonia El Dorado Street Project Fund (Fund 407)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
XXXX - Colonia El Dorado St Project
710106 - Other Real Property - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Colonia El Dorado St Project
Fund: $ - - - - -

Page 280 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 97,218 $ 130,433 110,000 50,000 17,500 470113 - Other Income - - - - -
Total: $ 130,433 97,218 110,000 50,000 17,500
Expenditures:
3246 - SE City Quadrant
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay 323,107 606,923 - - -
Total: $ 606,923 323,107 - - -
Excess (deficit) of revenues over expenditures (225,889) $ (476,490) 110,000 50,000 17,500 Beginning Fund Balance 1,304,447 $ 1,078,558 602,068 602,068 652,068 Ending Fund Balance 1,078,558 $ 602,068 712,068 652,068 669,568 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
SE City Quadrant 323,107 $ 606,923 - - -
Total: $ 606,923 323,107 - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Bridge / Road Improvement Fund (Fund 408)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Bridge / Road Improvement Fund (Fund 408)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 - - - - -
Total Personnel Services: - - - - -
Materials & Services
- - - - -
Total Material & Services: - - - - -
Capital Projects / Outlay
3246 - SE City Quadrant
710102 - Architecture / Engineering 51,730 4,503 - - -
710106 - Other Real Property 271,377 602,420 - - -
Total Capital Projects / Outlay: 606,923 323,107 - - -
Transfers Out
Total Transfers Out: - - - - -
Total Bridge / Road Improvement Fund: 606,923 323,107 - - -

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 199 $ 304 250 200 225
470113 - Other Income - - - - -
Total: $ 304 199 250 200 225
Expenditures:

XXXX - La Brucherie Greenbelt Project
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 199 $ 304 250 200 225 Beginning Fund Balance 9,259 $ 9,458 9,762 10,012 10,212 Ending Fund Balance 9,458 $ 9,762 10,012 10,212 10,437
`

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
La Brucherie Greenbelt Fund (Fund 409)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
La Brucherie Greenbelt Fund (Fund 409)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
XXXX - La Brucherie Greenbelt Project
710106 - Other Real Property - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total La Brucherie Greenbelt Fund: $ - - - - -

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 367 $ 334 250 400 -
XXXXX - Bond Proceeds - - - - -
Total: $ 334 367 250 400 -
Expenditures:
5301 - Library - Main
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay 2,486,178 765,447 - 18,702 630,000 Total: $ 765,447 2,486,178 - 18,702 630,000
Excess (deficit) of revenues over expenditures (2,485,811) $ (765,113) 250 (18,302) (630,000) Beginning Fund Balance 4,402,302 $ 1,916,491 1,151,378 1,151,378 1,133,076 Ending Fund Balance 1,916,491 $ 1,151,378 1,151,628 1,133,076 503,076 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Library - Main 2,485,813 $ 764,907 - 18,702 630,000 Total: $ 764,907 2,485,813 - 18,702 630,000
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Library Bond Project Fund (Fund 410)
Capital Expenditure Detail

Page 285 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Library Bond Project Fund (Fund 410)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
5301 - Library - Main
640138 - Bond Related Expenditures - $ - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
5301 - Library - Main
710102 - Architecture / Engineering 61,347 $ - - - -
710105 - Buildings 2,204,780 765,447 - - -
710106 - Other Real Property 220,051 - - - -
8XXXX - Library Projects - - - 18,702 630,000
Total Capital Projects / Outlay: $ 765,447 2,486,178 - 18,702 630,000 Transfers Out
Total Transfers Out: $ - - - - -
Total Library Bond Project Fund: $ 765,447 2,486,178 - 18,702 630,000

Page 286 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 5,527 $ 10,232 500 7,500 2,000 470113 - Other Income - - - - -
Total: $ 10,232 5,527 500 7,500 2,000
Expenditures:

XXXX - Road Improvements
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 5,527 $ 10,232 500 7,500 2,000 Beginning Fund Balance 58,399 $ 63,926 74,158 74,158 81,658 Ending Fund Balance 63,926 $ 74,158 74,658 81,658 83,658 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Miscellaneous Road Improvements Fund (Fund 411)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Miscellaneous Road Improvements Fund (Fund 411)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
XXXX - Road Improvements
710102 - Architecture / Engineering - $ - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Miscellaneous Road Impvmts
Fund: $ - - - - -

Page 288 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings - $ 1,374,642 250 800,000 200,000 470126 - Bond Proceeds 42,141,035 - - - -
Total: $ 1,374,642 42,141,035 250 800,000 200,000
Expenditures:
2101 - Police Services
Personnel Services - $ - - - -
Materials & Services 496,491 - - - -
Capital Projects / Outlay - 2,868,811 30,109,481 32,000,000 7,750,000 Total: $ 2,868,811 496,491 30,109,481 32,000,000 7,750,000 Excess (deficit) of revenues over expenditures 41,644,544 $ (1,494,169) (30,109,231) (31,200,000) (7,550,000) Beginning Fund Balance - $ 41,644,544 40,150,375 40,150,375 8,950,375 Ending Fund Balance 41,644,544 $ 40,150,375 10,041,144 8,950,375 1,400,375 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Police Station Project - $ 2,868,811 30,109,481 32,000,000 7,750,000 Total: $ 2,868,811 - 30,109,481 32,000,000 7,750,000
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Police Bond Project Fund (Fund 412)
Capital Expenditure Detail

Page 289 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Police Bond Project Fund (Fund 412)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
2101 - Police Services
640138 - Bond Related Expenditures 496,491 $ - - - -
Total Material & Services: $ - 496,491 - - -
Capital Projects / Outlay
2101 - Police Services
710102 - Architecture / Engineering - $ 273,978 1,054,000 1,054,000 - 710105 - Buildings - 2,594,833 29,055,481 30,000,000 -
710106 - Other Real Property - - - - -
8XXXX - Police Building Project - - - - 7,750,000
Total Capital Projects / Outlay: $ 2,868,811 - 30,109,481 31,054,000 7,750,000 Transfers Out
Total Transfers Out: $ - - - - -
Totla Police Bond Project Fund: $ 2,868,811 496,491 30,109,481 31,054,000 7,750,000

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DEBT SERVICE
FUNDS

Page 291 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 4,591 $ 4,000 3,000 - -
Total: $ 4,000 4,591 3,000 - -
Expenditures:
5210 - Special Events
Personnel Services - $ - - - -
Materials & Services 830,853 786,234 736,581 736,581 692,194 Capital Projects / Outlay - - - - -
Total: $ 786,234 830,853 736,581 736,581 692,194
Excess (deficit) of revenues over expenditures (826,262) $ (782,234) (733,581) (736,581) (692,194) Beginning Fund Balance 3,053,413 $ 2,227,151 1,444,917 1,444,917 708,336 Ending Fund Balance 2,227,151 $ 1,444,917 711,336 708,336 16,142 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
2011-C Financing Authority Debt Service Fund (Fund 268) Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
2011-C Financing Authority Debt Service Fund (Fund 268)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
2011-C Bonds - City
640110 - Interest Expense 155,853 $ 111,234 66,581 66,581 22,194 640114 - Principal on Debt 675,000 675,000 670,000 670,000 670,000 Total Material & Services: $ 786,234 830,853 736,581 736,581 692,194 Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total 2011-C FA Debt Service Fund: $ 786,234 830,853 736,581 736,581 692,194

Page 293 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 14,170 $ 22,281 22,000 12,000 12,000 470126 - Bond Proceeds - - - - -
490101 - Transfers In - Fund 205 870,300 871,000 870,700 870,700 869,400 490101 - Transfers In - Fund 299 886,435 2,699,096 3,293,781 3,293,781 3,289,657 Total: $ 3,592,377 1,770,905 4,186,481 4,176,481 4,171,057 Expenditures:
9702 - 2009 LTA Revenue Bonds
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
9708 - 2021 Library Bonds
Personnel Services - $ - - - -
Materials & Services 901,468 900,169 898,269 898,269 895,769 Capital Projects / Outlay - - - - -
9709 - 2021 LTA Refunding Bonds
Personnel Services - $ - - - -
Materials & Services 870,300 871,000 870,700 870,700 869,400 Capital Projects / Outlay - - - - -
9711 - 2023 Police Bonds
Personnel Services - $ - - - -
Materials & Services - 1,798,927 2,395,513 2,395,513 2,393,888 Capital Projects / Outlay - - - - -
Total: $ 3,570,096 1,771,768 4,164,482 4,164,482 4,159,057 Excess (deficit) of revenues over expenditures (863) $ 22,281 21,999 11,999 12,000 Beginning Fund Balance 646,047 $ 645,184 667,465 667,465 679,464 Ending Fund Balance 645,184 $ 667,465 689,464 679,464 691,464 City of El Centro
Fiscal Year 2025-26 Proposed Budget
LTA Lease Revenue Bonds Debt Service Fund (Fund 300)

Page 294 of 394 ends

City of El Centro
Fiscal Year 2025-26 Proposed Budget
LTA Lease Revenue Bonds Debt Service Fund (Fund 300)
`

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
Capital Expenditure Detail

Page 295 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
LTA Lease Revenue Bonds Debt Service Fund (Fund 300)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
9702 - 2009 LTA Revenue Bonds
640110 - Interest Expense - $ - - - -
640114 - Principal on Debt - - - - -
9708 - 2021 Library Bonds
640110 - Interest Expense 501,468 $ 485,169 468,269 468,269 450,769 640114 - Principal on Debt 400,000 415,000 430,000 430,000 445,000 9709 - 2021 LTA Refunding Bonds
610129 - Other Expense - $ - - - -
640110 - Interest Expense 275,300 251,000 225,700 225,700 199,400 640114 - Principal on Debt 595,000 620,000 645,000 645,000 670,000 9711 - 2023 Police Bonds
640110 - Interest Expense - $ 1,618,927 1,875,513 1,875,513 1,848,888 640114 - Principal on Debt - 180,000 520,000 520,000 545,000 Total Material & Services: 3,570,096 1,771,768 4,164,482 4,164,482 4,159,057 Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total LTA Lease Revenue Bonds Debt
Service Fund: $ 3,570,096 1,771,768 4,164,482 4,164,482 4,159,057

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INTERNAL SERVICE
FUNDS

Page 297 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 67,468 $ 135,558 150,000 125,000 30,000 450200 - Internal Charges - Workers Comp. 1,819,705 1,967,397 1,800,000 1,836,000 1,837,000 470115 - Worker's Comp Recoveries 144,338 257,617 140,000 125,000 125,000 Total: $ 2,360,572 2,031,511 2,090,000 2,086,000 1,992,000 Expenditures:
9610 - Workers Compensation
Personnel Services - $ - - - -
Materials & Services 1,435,311 1,679,433 1,786,947 1,784,947 1,895,846 Capital Projects / Outlay - - - - -
Transfers Out - - - - 3,750,000
Total: $ 1,679,433 1,435,311 1,786,947 1,784,947 5,645,846 Excess (deficit) of revenues over expenditures 596,200 $ 681,139 303,053 301,053 (3,653,846) Beginning Fund Balance 3,226,691 $ 3,822,891 4,504,030 4,504,030 4,805,083 Ending Fund Balance 3,822,891 $ 4,504,030 4,807,083 4,805,083 1,151,237

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Workers Compensation Internal Service Fund (Fund 601)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Workers Compensation Internal Service Fund (Fund 601)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
9610 - Worker's Comp
610129 - Other Expense 4,879 $ 300 7,000 - -
640103 - Primary Deposit (JPA) 1,491,581 1,670,013 1,769,947 1,769,947 1,880,846 640117 - Workers Comp Claims (61,149) 9,120 10,000 15,000 15,000 Total Material & Services: $ 1,679,433 1,435,311 1,786,947 1,784,947 1,895,846 Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
9610 - Worker's Comp
820101 - Transfers Out - Gen Fund - $ - - - 3,037,500
820501 - Transfers Out - Water Fund - - - - 337,500
820502 - Transfers Out - WW Fund - - - - 375,000
Total Transfers Out: $ - - - - 3,750,000
Total Workers Comp ISF Fund: $ 1,679,433 1,435,311 1,786,947 1,784,947 5,645,846

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ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 12,084 11,939 12,000 35,000 10,000 47012X - CERBT Interest 158,246 654,419 400,000 650,000 450,000 450200 - Internal Charges - Unemp. / OPEB 823,579 892,207 900,000 1,000,000 - Total: 1,558,565 993,909 1,312,000 1,685,000 460,000
Expenditures:
9620 - Unemployment & OPEB
Personnel Services - - - - -
Materials & Services 44,918 25,491 85,000 55,000 -
Capital Projects / Outlay - - - - -
Transfers Out - - - - 1,710,000
9621 - Leave Pay
Personnel Services 355,271 151,723 274,000 251,040 -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
9622 - Retiree Medical
Personnel Services - - - - -
Materials & Services 202,523 189,033 215,000 200,000 -
Capital Projects / Outlay - - - - -
Total: 366,247 602,712 574,000 506,040 1,710,000
Excess (deficit) of revenues over expenditures 391,197 1,192,318 738,000 1,178,960 (1,250,000) Beginning Fund Balance 426,333 659,284 1,197,183 1,197,183 1,726,143 CERBT Section 115 Trust Balance 10,512,738 11,167,157 11,567,157 11,817,157 11,957,157 Ending Fund Balance 659,284 1,197,183 1,535,183 1,726,143 336,143 City of El Centro
Fiscal Year 2025-26 Proposed Budget
OPEB & Unemployment Internal Service Fund (Fund 602)

Page 300 of 394 ends

City of El Centro
Fiscal Year 2025-26 Proposed Budget
OPEB & Unemployment Internal Service Fund (Fund 602)
`

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
- - - - -
Total: - - - - -
Capital Expenditure Detail

Page 301 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
OPEB & Unemployment Fund (Fund 602)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9621 - Leave Pay
510101 - Permanent Salaries 242,736 $ 89,000 150,000 120,000 - 510102 - Permanent Salaries - Sworn 87,395 60,154 100,000 100,000 - 510108 - Sick Leave Payout 21,473 - 20,000 27,500 -
520104 - Group Health Insurance - 740 - - -
520109 - Life Insurance 51 46 - 40 -
520110 - Medicare 3,616 1,783 4,000 3,500 -
Total Personnel Services: $ 151,723 355,271 274,000 251,040 - Materials & Services
9620 - Unemployment & OPEB
610113 - Professional Services 25,151 $ 4,200 25,000 2,500 - 640118 - Unemployment Benefits 19,767 21,291 60,000 52,500 - 9622 - Reitree Medical
610136 - Retiree Medical 202,523 189,033 215,000 200,000 - Total Material & Services: $ 214,524 247,441 300,000 255,000 - Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: - - - - -
Transfers Out
9620 - Unemployment & OPEB
820101 - Transfers Out - Gen Fund - $ - - - 1,444,000
820501 - Transfers Out - Water Fund - - - - 126,000
820502 - Transfers Out - WW Fund - - - - 140,000
Total Transfers Out: $ - - - - 1,710,000
Total OPEB & Unemployment ISF
Fund: $ 366,247 602,712 574,000 506,040 1,710,000

Page 302 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 80,101 $ 173,185 200,000 70,000 35,000 470113 - Other Income 271,935 144,035 150,000 50,000 50,000 470145 - Internal Charges - Health Premiums 3,548,634 3,887,689 3,800,000 4,325,000 4,500,000 470146 - Internal Charges - Vision Premiums 26,796 26,713 25,000 27,000 27,000 470147 - Internal Charges - EAP Premiums 87,978 47,635 90,000 50,000 50,000 470148 - Internal Charges - AD Premiums 77 1,180 - 1,100 1,100 Total: $ 4,280,437 4,015,521 4,265,000 4,523,100 4,663,100 Expenditures:
9630 - Group Health
Personnel Services - $ - - - -
Materials & Services 4,193,533 4,512,886 4,195,500 4,480,500 4,675,500 Capital Projects / Outlay - - - - -
Transfers Out - - - - 2,500,000
Total: $ 4,512,886 4,193,533 4,195,500 4,480,500 7,175,500 Excess (deficit) of revenues over expenditures (178,012) $ (232,449) 69,500 42,600 (2,512,400) Beginning Fund Balance 3,447,818 $ 3,269,806 3,037,357 3,037,357 3,079,957 Ending Fund Balance 3,269,806 $ 3,037,357 3,106,857 3,079,957 567,557

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Group Health Insurance Internal Service Fund (Fund 603) Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Group Health Internal Service Fund (Fund 603)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9630 - Group Health
510101 - Permanent Salaries - $ - - - -
510102 - Permanent Salaries - Sworn - - - - -
510103 - Temporary Salaries - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
9630 - Group Health
610129 - Other Expense 1,494 $ - 3,000 30,000 25,000
640104 - Medical Claims 4,106,681 4,423,157 4,100,000 4,350,000 4,550,000 640105 - Vision Claims 35,548 39,176 41,500 41,500 41,500 640106 - EAP Expense 5,810 6,553 7,000 7,000 7,000
640107 - Group Health Administration 44,000 44,000 44,000 52,000 52,000 Total Material & Services: $ 4,512,886 4,193,533 4,195,500 4,480,500 4,675,500 Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
9630 - Group Health
820101 - Transfers Out - Gen Fund - $ - - - 2,025,000
820501 - Transfers Out - Water Fund - - - - 225,000
820502 - Transfers Out - WW Fund - - - - 250,000
Total Transfers Out: $ - - - - 2,500,000
Total Group Health ISF Fund: $ 4,512,886 4,193,533 4,195,500 4,480,500 7,175,500

Page 304 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 3,985 $ 6,940 5,622 7,500 7,500 450200 - Internal Charges - Vehicle Replacement 474,500 750,000 520,488 520,488 474,500 Total: $ 756,940 478,485 526,110 527,988 482,000
Expenditures:
9630 - Group Health
Personnel Services 222,419 $ 198,564 269,138 269,138 201,846 Materials & Services 320,287 317,234 251,350 251,350 266,150 Capital Projects / Outlay - 6,787 - - 38,241
Total: $ 522,585 542,706 520,488 520,488 506,237
Excess (deficit) of revenues over expenditures (64,221) $ 234,355 5,622 7,500 (24,237) Beginning Fund Balance 396,536 $ 332,315 566,670 572,292 579,792 Ending Fund Balance 332,315 $ 566,670 572,292 579,792 555,555 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
8XXXX - Equipment / Outlay - $ 6,787 - - 38,241
Total: $ 6,787 - - - 38,241
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Motor Vehicle Fleet Internal Service Fund (Fund 604)
Capital Expenditure Detail

Page 305 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Motor Vehicle Fleet Internal Service Fund (Fund 604)

ESTIMATED PROPOSED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9640 - Motor Vehicle
510101 - Permanent Salaries 143,240 $ 119,276 168,213 168,213 173,072 510105 - Overtime 2,909 10,483 1,500 1,500 1,500
520101 - Retirement 35,345 37,226 42,238 42,238 27,274
520104 - Group Health Insurance 15,551 9,824 26,405 26,405 - 520105 - Workers Compensation 15,309 13,077 18,503 18,503 - 520106 - Disability Insurance 792 662 1,051 1,051 -
520107 - Unemploymet Insurance 6,959 5,944 8,411 8,411 - 520109 - Life Insurance 284 223 378 378 -
520110 - Medicare 2,030 1,849 2,439 2,439 -
Total Personnel Services: $ 198,564 222,419 269,138 269,138 201,846 Materials & Services
9640 - Motor Vehicle
610101 - Electricity 5,689 $ 6,408 7,000 7,000 7,000
610102 - Natural Gas 5,660 191 400 400 400
610103 - Telephone 686 806 300 300 1,500
610107 - Books & Periodicals - - 150 150 -
610109 - Meeting & Travel 929 824 850 850 1,000
610117 - Equipment Rental 250 - 250 250 250
610112 - Professional Fees - - - - -
610113 - Professional Fees - Other 9,793 5,785 6,000 6,000 9,000 610121 - Dues & Subscriptions 3,000 5,736 6,000 6,000 6,000 610123 - Training 926 570 1,500 1,500 1,500
610125 - Uniform Rental 1,069 931 1,400 1,400 1,400
610129 - Other Expense 2,542 4,197 3,500 3,500 3,500
620101 - Office Supplies 800 1,253 800 800 800
620103 - Printing 92 54 400 400 1,000
620105 - Computer Supplies 254 150 500 500 500
620108 - Flares / Batteries / Film - 15 - - -
620109 - First Aid Supplies 973 330 400 400 400
620112 - Protective Clothing 1,000 1,342 1,500 1,500 1,500 620127 - Other Supplies 1,976 5,095 3,000 3,000 3,000
620128 - Janitorial Supplies 1,439 1,801 1,200 1,200 1,200 620130 - Maintenance Supplies 104 276 1,000 1,000 1,000 620140 - Small Tools 2,039 6,637 5,000 5,000 5,000
630101 - Building Maintenance 242 1,168 2,000 2,000 2,000 630106 - Office Machines Mtc - - - - -
630107 - Communication Eqpt Mtc 1,133 1,662 1,500 1,500 1,500 630108 - Field / Shop Eqpt Mtc 120 835 1,500 1,500 1,500 630109 - Computer Eqpt Mtc 235 - 200 200 200
630112 - Gasoline & Oil 10,201 9,868 15,000 15,000 15,000 630113 - Tires & Batteries 80,997 53,206 50,000 50,000 50,000 630114 - Parts 81,711 85,088 90,000 90,000 100,000
630115 - Outside Maintenance 106,427 123,006 50,000 50,000 50,000 Total Material & Services: $ 317,234 320,287 251,350 251,350 266,150

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Motor Vehicle Fleet Internal Service Fund (Fund 604)

ESTIMATED PROPOSED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Capital Projects / Outlay
9640 - Motor Vehicle
720109 - Computers - $ 6,787 - - -
8XXXX - Equipment / Outlay - - - - 38,241
Total Capital Projects / Outlay: $ 6,787 - - - 38,241
Transfers Out
Total Transfers Out: $ - - - - -
Total Motor Vehicle Fleet ISF Fund: $ 522,585 542,706 520,488 520,488 506,237

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AGENCY
FUNDS
(Successor Agency)

Page 308 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 1,280 $ 2,879 2,000 2,000 2,000 470122 - Program Income 38,350 18,105 18,000 20,000 20,000 Total: $ 20,984 39,630 20,000 22,000 22,000
Expenditures:
9502 - Revolving
Personnel Services - $ - - - -
Materials & Services 5 - 75,000 - 100,000
Capital Projects / Outlay - - - - -
Total: $ - 5 75,000 - 100,000
Excess (deficit) of revenues over expenditures 39,625 $ 20,984 (55,000) 22,000 (78,000) Beginning Fund Balance 33,255 $ 72,880 93,864 93,864 115,864 Ending Fund Balance 72,880 $ 93,864 38,864 115,864 37,864 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Successor Agency Revolving Fund (Fund 277)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Successor Agency Revolving Fund (Fund 277)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
9202 - Revolving
640124 - Contributions 5 $ - - - -
640121 - Loans - - 75,000 - 100,000
Total Material & Services: $ - 5 75,000 - 100,000
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
$ - - - - -
Total Transfers Out: $ - - - - -
Total Successor Agency Recvolving
Fund: $ - 5 75,000 - 100,000

Page 310 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 18,771 $ 39,872 40,000 25,000 - 470132 - Program Income - Rep Housing (418) 30,676 - 85,000 - 470154 - Program Income - HELP 81800-02 (141) 823 - 3,000 - 470156 - Program Income - HELP 080102-06 (141) (44) - (88) - 470113 - Other Income - 306,000 - - -
Total: $ 377,327 18,071 40,000 112,912 -
Expenditures:

XXXX - Successor Agency Low Mod
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 18,071 $ 377,327 40,000 112,912 - Beginning Fund Balance 836,324 $ 854,395 1,231,722 1,231,722 1,344,634 Ending Fund Balance 854,395 $ 1,231,722 1,271,722 1,344,634 1,344,634 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Successor Agency Low Mod Fund (Fund 278)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Successor Agency Low Mod Fund (Fund 278)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
XXXX - SA Low Mod
640124 - Contributions - $ - - - -
640121 - Loans - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
$ - - - - -
Total Transfers Out: $ - - - - -
Total Successor Agency Low Mod Fund: $ - - - - -

Page 312 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 2,873 $ 4,729 4,000 3,200 3,500 450200 - Other Agencies 35,876 36,952 36,950 36,950 36,950 Total: $ 41,681 38,749 40,950 40,150 40,450
Expenditures:
9201 - Administration
Personnel Services - $ - 125 - -
Materials & Services 17,800 32,575 24,000 20,000 24,000 Capital Projects / Outlay - - - - -
Total: $ 32,575 17,800 24,125 20,000 24,000
Excess (deficit) of revenues over expenditures 20,949 $ 9,106 16,825 20,150 16,450 Beginning Fund Balance 134,881 $ 155,830 164,936 164,936 185,086 Ending Fund Balance 155,830 $ 164,936 181,761 185,086 201,536 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Successor Agency Administration Fund (Fund 279)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Successor Agency Administration Fund (Fund 279)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 9201 - Administration
510101 - Permanent Salaries - $ - - - -
510105 - Overtime - - 100 - -
520101 - Retirement - - - - -
520104 - Group Health Insurance - - 25 - -
520105 - Workers Compensation - - - - -
520106 - Disability Insurance - - - - -
520107 - Unemployment Insurance - - - - -
520109 - Life Insurance - - - - -
520110 - Medicare - - - - -
Total Personnel Services: $ - - 125 - -
Materials & Services
9201 - Administration
610103 - Telephone - $ - - - -
610109 - Meeting & Travel - - - - -
610113 - Professional Fees 2,000 - - - -
610116 - Professional Fees - Legal - - - - -
610129 - Other Expense - - - - -
620101 - Office Supplies - - - - -
620102 - Postage - - - - -
640112 - Bank Charges 15,800 32,575 24,000 20,000 24,000 Total Material & Services: $ 32,575 17,800 24,000 20,000 24,000 Capital Projects / Outlay
9201 - Administration
710106 - Other Real Property - $ - - - -
Total Capital Projects / Outlay: $ - - - - -

Page 314 of 394 ends

City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Successor Agency Administration Fund (Fund 279)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 Transfers Out
$ - - - - -
Total Transfers Out: $ - - - - -
Total Successor Agency Administration
Fund: $ 32,575 17,800 24,125 20,000 24,000

Page 315 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 26,807 $ 110,855 80,000 80,000 - 410101 - Property Taxes 4,215,324 2,526,732 2,944,038 2,258,557 2,302,932 Total: $ 2,637,587 4,242,131 3,024,038 2,338,557 2,302,932 Expenditures:
9710 - Successor Agency - Debt Service
Personnel Services - $ - - - -
Materials & Services 2,726,506 2,946,016 2,944,038 2,944,038 2,950,750 Capital Projects / Outlay - - - - -
Total: $ 2,946,016 2,726,506 2,944,038 2,944,038 2,950,750 Excess (deficit) of revenues over expenditures 1,515,625 $ (308,429) 80,000 (605,481) (647,818) Beginning Fund Balance 2,226,353 $ 3,741,978 3,433,549 3,433,549 2,828,068 Ending Fund Balance 3,741,978 $ 3,433,549 3,513,549 2,828,068 2,180,250 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Successor Agency Debt Service Fund (Fund 301)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Successor Agency Debt Service Fund (Fund 301)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
9710 - Successor Agency - Debt Service
640110 - Interest Expense 1,031,506 $ 926,016 809,038 809,038 533,575 640114 - Principal on Debt 1,695,000 2,020,000 2,135,000 2,135,000 2,417,175 Total Material & Services: $ 2,946,016 2,726,506 2,944,038 2,944,038 2,950,750 Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
$ - - - - -
Total Transfers Out: $ - - - - -
Total Successor Agency Debt Service
Fund: $ 2,946,016 2,726,506 2,944,038 2,944,038 2,950,750

Page 317 of 394 ends

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Revenues:
470121 - Interest Earnings 94 $ 100 5,000 100 100
470113 - Other Income - - - - -
Total: $ 100 94 5,000 100 100
Expenditures:
9204 - Capital Projects
Personnel Services - $ - - - -
Materials & Services - - - - -
Capital Projects / Outlay - - - - -
Total: $ - - - - -
Excess (deficit) of revenues over expenditures 94 $ 100 5,000 100 100 Beginning Fund Balance 1,928,326 $ 1,928,420 1,928,520 1,928,520 1,928,620 Ending Fund Balance 1,928,420 $ 1,928,520 1,933,520 1,928,620 1,928,720 `

ESTIMATED ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26
Capital Expenditures
$ - - - - -
Total: $ - - - - -
City of El Centro
Fiscal Year 2025-26 Proposed Budget
Successor Agency - Capital Projects Fund (Fund 442)
Capital Expenditure Detail

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City of El Centro
FY 2025-26 Proposed Budget - Expenditure Detail
Successor Agency Capital Projects Fund (Fund 442)

ESTIMATED REVISED PROPOSED

ACTUAL ACTUAL BUDGET ESTIMATED BUDGET
Personnel Services FY 2022-23 FY 2023-24 FY 2024-25 FY 2024-25 FY 2025-26 $ - - - - -
Total Personnel Services: $ - - - - -
Materials & Services
$ - - - - -
Total Material & Services: $ - - - - -
Capital Projects / Outlay
$ - - - - -
Total Capital Projects / Outlay: $ - - - - -
Transfers Out
Total Transfers Out: $ - - - - -
Total Successor Agency Capital Projects
Fund: $ - - - - -

Page 319 of 394 ends

City Council of the City of El Centro
1275 W. Main Street
El Centro, CA 92243

SUBMITTED
ACTION ITEM (ID # 2025-209)
Item: 5.

Meeting: 6/24/2025 12:30 PM
Department: City Attorney
Category: Action Item
Prepared by: Norma Wyles, City Clerk
Department Head: Robert Sawyer
DOC ID: 2025-209
Approval of Asset Transfer Agreement by and Among the City of El Centro, El Centro Regional Medical Center and Imperial Valley Medical Center.

CITY MANAGER'S RECOMMENDATION:

Adopt Resolution No. 25- , APPROVING THE ASSET TRANSFER AGREEMENT

BETWEEN THE CITY OF EL CENTRO, EL CENTRO REGIONAL MEDICAL CENTER AND THE IMPERIAL VALLEY HEALTHCARE DISTRICT.

FISCAL IMPACT:

Payment of $5M to IVHD upon closing, payment of up to $1.5M in closing costs, contribution of the real property located at 1415 Ross, 385 W. Main and associated parking parcels ($700,000) and donation of the hospital license.

STRATEGIC PLANNING PROGRAM 2022-2027 RELATION:

DUE DILIGENCE CHECK FOR CONTRACTORS/CONSULTANTS: DID THE

DEPARTMENT VERIFY CURRENT EL CENTRO BUSINESS LICENSE,
CONTRACTOR'S LICENSE, REFERENCE CHECKS, INSURANCE, ETC.:

N/A
BACKGROUND:

On or about October 8, 2023, the Governor signed AB 918 as urgency legislation and went into effect. Thereafter, IVHD was formed and began to carry out its statutory duties. Those included substantial due diligence, including negotiation with the City for both monetary and non-monetary contributions. Despite difficult negotiations, on March 11, 2025, the City approved the Term Sheet for the transfer to IVHD of all its assets and liabilities to IVHD. IVHD then approved the Term Sheet and ECRM had already done so.

The Parties then began negotiations of the actual Asset Transfer Agreement. A copy of that final document is attached or will be provided at the Tuesday, June 24, adjourned regular meeting.

The summary of the Asset Transfer Agreement to be provided in the open session is attached.

DISCUSSION:

The Asset Transfer Agreement provides for statements of position made by each party, as well as specific representations by the City confirming ownership of the real property to be transferred, confirming the license transfer, payment of the $1.5M of the closing costs, and contribution of $5M. See Article 2 on page 9 which includes statements of ownership, current status of the property as to an liens on title, and the nature of the City’s representation. The provisions for ECRMC are more extensive because of the transfer of other real property and the hospital as a going business. IVHD also have provided

Page 320 of 394 ends

separate costs and warranties.

The Asset Transfer Agreement provides what will happen to the real estate and license during the closing period, the requirements for closing (such as the business status of the hospital) and other legal details. The Asset Transfer Agreement also sets out a variety of representations and warranties typical for a hospital sale and addresses IVHD’s sole responsibility to deal with the Pioneer Bonds, the disposition of distressed hospital loans, and the level of cash on hand by ECRMC at closing. It also provides a short provision regarding how the Preston Hollow bonds will be transferred under the terms of the current bond documents.

CONCLUSION:

Approve the Resolution as provided.

ATTACHMENTS:

1. Resolution No. 25- , ECRMC Asset Transfer

2. Asset Transfer Agreement 4910-0852-2028 v.19

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06/2025/cdz/Reso/ApproveAssetTransferAgrmtECRMC
RESOLUTION NO. 25-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL CENTRO

APPROVING THE ASSET TRANSFER AGREEMENT WITH EL CENTRO REGIONAL

MEDICAL CENTER AND THE IMPERIAL VALLEY HEALTHCARE DISTRICT WHEREAS, AB 918 took effect on or about October 8, 2023, and provided for the formation of the Imperial Valley Healthcare District (IVHD) as of that date; and WHEREAS, since that time, IVHD has investigated and has made an offer to acquire El Centro Regional Medical Center (ECRMC) which offer was accepted on March 11, 2025, through the City Council’s approval of a Term Sheet; and WHEREAS, since that time, through its representatives, the City has negotiated with IVHD for acquisition of the ECRMC real property and license, resulting in the Asset Transfer Agreement attached and incorporated as Exhibit “A”; and WHEREAS, after review and consideration, and upon the recommendation of its advisers, the City finds that the approval of the Asset Transfer Agreement is in the best interest of the City.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL CENTRO, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

1. The Recitals set out above are true and correct.

2. The Asset Transfer Agreement is approved in the form set out on Exhibit “A”, attached and incorporated.

PASSED AND ADOPTED at an adjourned regular meeting of the City Council of the City of El Centro, California held on the day of , 2025.

CITY OF EL CENTRO
By __________________________
Sonia Carter, Mayor
ATTEST:

By _____________________________
Norma Wyles, City Clerk

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06/2025/cdz/Reso/ApproveAssetTransferAgrmtECRMC
APPROVED AS TO FORM:

Office of the City Attorney
By _______________________________
Elizabeth L. Martyn, City Attorney

STATE OF CALIFORNIA )
COUNTY OF IMPERIAL ) ss

CITY OF EL CENTRO )
I, Norma Wyles, City Clerk of the City of El Centro, California, do hereby certify that the forgoing Resolution No. 25- was duly and regularly adopted at an adjourned regular meeting of the City Council of the City of El Centro, California, held on the day of , 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

By _________________________
Norma Wyles, City Clerk

Page 323 of 394 ends

ASSET TRANSFER AGREEMENT
by and among

CITY OF EL CENTRO,

EL CENTRO REGIONAL MEDICAL CENTER,
and

IMPERIAL VALLEY HEALTHCARE DISTRICT
Effective Date: ___________, 2025

Page 324 of 394 ends

-iTABLE OF CONTENTS
Page
ARTICLE I SALE AND TRANSFER OF ASSETS; CONSIDERATION;
CLOSING ..........................................................................................................1

1.1 Sale of Assets ......................................................................................................1

1.2 Financial Terms...................................................................................................6

1.3 Closing Date; Proceedings at Closing.................................................................6

1.4 Items to be Delivered by Sellers at Closing........................................................7

1.5 Items to be Delivered by IVHD at Closing.........................................................8

1.6 Risk of Loss ........................................................................................................9 ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE CITY..........................9

2.1 Authorization ......................................................................................................9

2.2 Binding Agreement .............................................................................................9

2.3 Organization and Good Standing......................................................................10

2.4 No Violation......................................................................................................10

2.5 Brokers and Finders ..........................................................................................10

2.6 Real Property.....................................................................................................10

2.7 Title to Assets....................................................................................................12

2.8 Legal Proceedings .............................................................................................12

2.9 Transactions With Affiliates .............................................................................12

2.10 Default...............................................................................................................12

2.11 AS IS, WHERE IS ............................................................................................12

2.12 City’s Knowledge .............................................................................................13 ARTICLE III REPRESENTATIONS AND WARRANTIES OF ECRMC ..........................13

3.1 Authorization ....................................................................................................13

3.2 Binding Agreement ...........................................................................................13

3.3 Organization and Good Standing......................................................................14

3.4 No Violation......................................................................................................14

3.5 Consents and Approvals....................................................................................14

3.6 Licenses and Permits.........................................................................................14

3.7 Brokers and Finders ..........................................................................................15

3.8 Real Property.....................................................................................................15

3.9 Compliance with Laws......................................................................................16

3.10 Healthcare Matters. ...........................................................................................17

3.11 Title to Assets....................................................................................................20

3.12 Labor and Benefits Matters...............................................................................20

3.13 Legal Proceedings .............................................................................................24

3.14 Solvency and Value of Transfer........................................................................24

3.15 Leases of Personal Property..............................................................................24

3.16 Financial Statements .........................................................................................25

3.17 Absence of Certain Events................................................................................25

3.18 Taxes .................................................................................................................26

3.19 Assigned Contracts ...........................................................................................27

3.20 Financing Statements ........................................................................................27

3.21 Transactions With Affiliates .............................................................................27

Page 325 of 394 ends

-ii3.22 Insurance ...........................................................................................................28

3.23 Intellectual Property..........................................................................................28

3.24 ECRMC IT Systems..........................................................................................28

3.25 Hospital Revenue Refunding Bonds .................................................................29

3.26 AS IS, WHERE IS ............................................................................................29

3.27 ECRMC’s Knowledge ......................................................................................29 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF IVHD ...............................29

4.1 Authorization ....................................................................................................30

4.2 Binding Agreement ...........................................................................................30

4.3 Organization and Good Standing......................................................................30

4.4 No Violation......................................................................................................30

4.5 Brokers and Finders ..........................................................................................30

4.6 Legal Proceedings .............................................................................................30

4.7 Ability to Perform .............................................................................................30

4.8 IVHD Knowledge .............................................................................................30

4.9 Independent Investigation .................................................................................31 ARTICLE V PRE-CLOSING COVENANTS ..........................................................................31

5.1 Information; Inspections ...................................................................................31

5.2 Cooperation and Consents ................................................................................31

5.3 Business Operations..........................................................................................32

5.4 Negative Covenants ..........................................................................................32

5.5 Title Matters......................................................................................................34

5.6 Employee Matters .............................................................................................35

5.7 Waiver of Bulk Sales Law Compliance............................................................38

5.8 Regulatory Efforts.............................................................................................38

5.9 Cash-on-Hand. ..................................................................................................39

5.10 Line of Credit ....................................................................................................39

5.11 Transfer of Bond Obligations and Requirements of Transfer...........................40

5.12 Supplement to Disclosure Schedule..................................................................41 ARTICLE VI CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLERS..............41

6.1 Signing and Delivery of Instruments ................................................................41

6.2 No Restraints.....................................................................................................41

6.3 Representations and Warranties; Performance of Covenants ...........................41

6.4 Required Consents ............................................................................................41

6.5 Pioneers Bonds..................................................................................................42

6.6 Distressed Hospital Debt...................................................................................42

6.7 CHFFA Loans. ..................................................................................................42

6.8 Bridge Loan.......................................................................................................42

6.9 UC San Diego Health Release.. ........................................................................42 ARTICLE VII CONDITIONS PRECEDENT TO OBLIGATIONS OF IVHD....................42

7.1 Signing and Delivery of Instruments ................................................................42

7.2 No Restraints.....................................................................................................42

7.3 Representations and Warranties; Performance of Covenants ...........................43

7.4 Title Insurance Policy .......................................................................................43

7.5 No Material Adverse Effect ..............................................................................43

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-iii7.6 Required Consents ............................................................................................43

7.7 Waiver of Severance Benefits...........................................................................43

7.8 ECRMC Bonds .................................................................................................43

7.9 Pioneers Bonds..................................................................................................43

7.10 Distressed Hospital Debt...................................................................................44

7.11 CHFFA Loans. ..................................................................................................44

7.12 Bridge Loan.......................................................................................................44

7.13 LOC...................................................................................................................44

7.14 ECRMC Assets and Liabilities .........................................................................44 ARTICLE VIII TERMINATION ..............................................................................................44

8.1 Termination.......................................................................................................44

8.2 Termination Consequences ...............................................................................45 ARTICLE IX POST-CLOSING MATTERS AND COVENANTS........................................45

9.1 Excluded Assets ................................................................................................45

9.2 Preservation and Access to Records After the Closing.....................................45

9.3 Medical Staff.....................................................................................................46

9.4 Use of Financial Contribution...........................................................................47

9.5 County-Wide Tax Measure...............................................................................47

9.6 Operating Commitment.....................................................................................47

9.7 Post-Closing Discovery of Contracts................................................................47

9.8 Indemnification of Sellers.................................................................................47

9.9 Intended Tax Treatment/Allocation. .................................................................47

9.10 Non-Assignable Rights .....................................................................................48 ARTICLE X TAXES AND COST REPORTS..........................................................................48

10.1 Tax Matters .......................................................................................................48

10.2 Cost Report Matters ..........................................................................................48 ARTICLE XI MISCELLANEOUS PROVISIONS..................................................................49

11.1 Further Assurances and Cooperation ................................................................49

11.2 Successors and Assigns.....................................................................................49

11.3 Governing Law; Venue.....................................................................................49

11.4 Amendments .....................................................................................................49

11.5 Exhibits, Schedules and Disclosure Schedules .................................................49

11.6 Notices ..............................................................................................................49

11.7 Headings............................................................................................................51

11.8 Confidentiality ..................................................................................................51

11.9 Fair Meaning .....................................................................................................51

11.10 Gender and Number; Construction; Affiliates ..................................................51

11.11 Third Party Beneficiary.....................................................................................51

11.12 Expenses and Attorneys’ Fees ..........................................................................52

11.13 Counterparts ......................................................................................................52

11.14 Entire Agreement ..............................................................................................52

11.15 No Waiver .........................................................................................................52

11.16 Severability .......................................................................................................52

11.17 Time is of the Essence ......................................................................................52

11.18 Waiver of Jury Trial..........................................................................................52

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-iv11.19 Non-Recourse....................................................................................................53

11.20 Release ..............................................................................................................53

11.21 Survival .............................................................................................................54

11.22 Several and Not Joint Liability .........................................................................54

11.23 Non-Disparagement ..........................................................................................54

11.24 Public Announcements .....................................................................................54

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-vExhibits:

Exhibit 1.4(a) Bill of Sale
Exhibit 1.4(c) Real Estate Assignments
Exhibit 1.4(e) Transfer Agreement
Exhibit 1.4(i) Owner Affidavit
Exhibit 5.11(a) Installment Purchase Agreement
Schedules:

Schedule 1 City-Owned Properties
Schedule 1.1(a)(ii) Licenses and Permits
Schedule 1.1(a)(iii) Leased Real Property; Tenant Leases Schedule 1.1(a)(xxiii) Assumed Benefit Plans
Schedule 1.1(b)(v) Other Excluded Assets
Schedule 1.1(d)(xvii) Other Assumed Liabilities
Schedule 1.4(d) Owned Real Property
Schedule 2 ECRMC-Owned Properties
Schedule 5.6(g) Terminating Benefit Plans
Schedule 5.6(h) Memorandums of Understanding
Schedule 9.9 Allocation
Disclosure Schedules (Confidential Pursuant to Deliberative Process Privilege and Gov.

Code 7927.705):

Schedule 2.4 No Violation – City
Schedule 2.6(e) Real Property – City (Environmental)
Schedule 2.6(f) Real Property – City (Third-Party Rights) Schedule 2.8 Legal Proceedings- City
Schedule 2.9 Transactions with Affiliates- City
Schedule 2.10 No Default- City
Schedule 3.4 No Violation – ECRMC
Schedule 3.5(a) Governmental Consents and Approvals
Schedule 3.5(b) Third-Party Consents and Approvals
Schedule 3.8(e) Real Property - ECRMC (Environmental)
Schedule 3.8(f) Real Property - ECRMC (Third-Party Rights) Schedule 3.9 Compliance with Laws
Schedule 3.10(a)(i) Seller Payment Programs
Schedule 3.10(a)(iii) Facilities’ Accreditation
Schedule 3.10(e) Medical Staff Matters
Schedule 3.10(h) Stimulus Funds
Schedule 3.10(i)(i) Privacy Laws Compliance
Schedule 3.10(i)(ii) Material Security Breaches
Schedule 3.10(h) Stimulus Funds
Schedule 3.12(b) Union Matters
Schedule 3.12(c) Benefit Plans
Schedule 3.13 Legal Proceedings- ECRMC

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-viSchedule 3.15 Leases of Personal Property
Schedule 3.17 Absence of Certain Events
Schedule 3.18 Taxes
Schedule 3.20 Financing Statements
Schedule 3.21 Transactions with Affiliates- ECRMC
Schedule 3.25 Hospital Revenue Refunding Bonds
Schedule 4.4 No Violation – IVHD

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ASSET TRANSFER AGREEMENT
This Asset Transfer Agreement (the “Agreement”) is made and entered into as of ___________, 2025 (the “Effective Date”), by and among the CITY OF EL CENTRO, a California municipal corporation and charter city (the “City”) and EL CENTRO REGIONAL MEDICAL CENTER, a separate public agency and enterprise operation of the City of El Centro organized and operated under the provisions of Title 4, Division 3, Part 2, Chapter 5, Article 8 Govt. Code Sections 37650 et seq. (“ECRMC”) (the City and ECRMC collectively, the “Sellers”), on the one hand, and IMPERIAL VALLEY HEALTHCARE DISTRICT, a California healthcare district (“IVHD”), on the other hand (the City, ECRMC, and IVHD are collectively referred to as the “Parties” and each individually a “Party”).

RECITALS
A. The City owns the real property and improvements located at 1415 Ross Avenue, El Centro, California 92243 and the residential real property and improvements set forth on Schedule 1 (the “City-Owned Properties”) and holds the Hospital’s general acute care hospital license with the California Department of Health; and
B. ECRMC: (i) owns and operates the real property and improvements set forth on Schedule 2 (the “ECRMC-Owned Properties”); (ii) operates the City-Owned Properties; and (iii) operates the 161 bed acute care hospital located at 1415 Ross Avenue, El Centro, California 92243 known as El Centro Regional Medical Center (the “Hospital”, and together with the ECRMCOwned Properties and the City-Owned Properties, the “Facilities” and the ownership and operation thereof, the “Business”), and provides various outpatient services in outpatient centers surrounding the Hospital.

AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement, and for their mutual reliance and incorporating into this Agreement the above recitals, the Parties hereto hereby agree as follows:

ARTICLE I
SALE AND TRANSFER OF ASSETS;
CONSIDERATION; CLOSING

1.1 Sale of Assets.
(a) At the Closing, Sellers will sell, assign, transfer, convey and deliver to IVHD, and IVHD will purchase, acquire and accept from Sellers, free and clear of any Encumbrances other than Permitted Exceptions, Sellers’ right, title and interest in, to and under all of their assets, properties and rights of every kind and nature, whether real or personal, tangible or intangible, owned and used by ECRMC in material fashion in the operation of the Business and owned by the City and solely used by ECRMC in the operation of the Business (collectively, the “Assets,” and, for sake of clarity, not including the Excluded Assets), including without limitation:

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(i) all of the tangible personal property owned by ECRMC and used by ECRMC in material fashion in the operation of the Business, including but not limited to equipment, furniture, fixtures, machinery, office furnishings, leasehold improvements, trucks, automobiles, trailers and other titled vehicles free from any liens, unless otherwise agreed to by the Parties (the “Personal Property”);
(ii) all of Sellers’ rights to all licenses, permits, approvals, certificates of exemption, franchises, accreditations and registrations and other governmental licenses, permits or approvals listed on Schedule 1.1(a)(ii) and issued to Sellers for use exclusively by ECRMC in the operation of the Business;
(iii) all of Sellers’ interest in and to the Owned Real Property and all of Sellers’ interest in and to all of the following (the “Assigned Leases”): (a) the real property leases (the “Lessor Leases”) for all real property pursuant to which a Seller leases space as a tenant, subtenant, lessee or sublessee and which are listed on Schedule 1.1(a)(iii) (the “Leased Real Property” and together with the Owned Real Property, the “Real Property”); and (b) the real property leases pursuant to which a Seller is the landlord, sublandlord, lessor or sublessor and which are listed on Schedule 1.1(a)(iii) (the “Tenant Leases”); (iv) all security deposits from lessees under leases for the Leased Real Property and all security deposits made by the Sellers under any Assigned Contracts or Assigned Leases;
(v) all ECRMC Intellectual Property;
(vi) all portions of goodwill associated with the ECRMC Intellectual Property or the Business;
(vii) any easements, appurtenances, development rights, mineral rights, water rights, and air rights that may exist in connection with the Business; (viii) all of Sellers’ interest in, and all of Sellers’ obligations due under Contracts pertaining to the Business (the “Assigned Contracts”); (ix) all inventories of supplies, drugs, food, janitorial and office supplies and other disposables and consumables (i) located at the Hospital, or (ii) used exclusively in the operation of the Hospital;
(x) all prepaid rentals, deposits, prepayments and similar amounts relating to the Assigned Contracts and/or the Assigned Leases, which were made with respect to ECRMC’s operation of the Business;
(xi) all operating manuals, files with respect to ECRMC’s operation of the Business, including all patient records, medical records, employee records, financial records, equipment records, construction plans and specifications, and medical and administrative libraries; (xii) all rights in all warranties of any manufacturer or vendor in connection with the Personal Property used in the Business;

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(xiii) ECRMC’s right or interest in the telephone and facsimile numbers used exclusively with respect to ECRMC’s operation of the Business; (xiv) all claims, causes of action, choses in action, rights of recovery, rights of set-off and rights of recoupment of ECRMC against third parties related to or associated with the Business;
(xv) cash, cash equivalents and short-term investments of cash, securities, and other investments held by ECRMC;
(xvi) all accounts receivable and interest thereupon, notes and interest thereupon and other receivables of ECRMC, including all claims, rights, interests and proceeds related thereto, including all accounts and other receivables, both billed and unbilled, in each case arising from the rendering of services or provision of goods, products or supplies to inpatients and outpatients at the Business provided by ECRMC;
(xvii) the right to collect and receive all payments (including without limitation all supplemental payments from the Medi-Cal program or a health plan participating in the Medi-Cal program, such as rate range payments, directed payments, payments where the nonfederal share are intergovernmental payments, quality incentive payments, disproportionate share payments and AB 915 payments, as well as grants made under the Hospital Quality Assurance Fee Program), or patient receivables of ECRMC related to Medicare, Medicaid and other third-party patient claims due from beneficiaries or governmental third-party payors arising from the ownership or operation of the Business by ECRMC prior to Closing, including without limitation the rendering of services to patients at the Facilities, billed and unbilled, recorded or unrecorded, accrued and existing in respect to services rendered up to the Closing Date; (xviii) all rights to settlements and retroactive adjustments, if any, of payments made to ECRMC for Medicare, Medicaid, and any other cost reports, for cost reporting periods ending prior to the Effective Time pursuant to the auditing and settlement of ECRMC’s cost reports, appeals and other risk settlements, including Medicare bad debt; (xix) all amounts accrued or paid with respect to Meaningful Use attested to, or for which the requirements for attestation have been met; (xx) all disproportionate share hospital payments;
(xxi) all payments due to ECRMC under the California Department of Health Care Services Hospital Quality Assurance Fee Program from the State of California or any of its administrative entities or other entities, including without limitation Medi-Cal managed care plans, payments or grants due to the Sellers from the California Health Foundation & Trust, cost report, claims, electronic health records or similar appeals and the Sellers Cost Report settlements; (xxii) all Medicare Accelerated and Advance Payments and COVID-19 Funds;
(xxiii) all Benefit Plans listed on Schedule 1.1(a)(xxiii) and the assets of such Benefit Plans and any asset that would revert to the employer upon the termination of any

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such Benefit Plans, including any assets representing a surplus or overfunding of any such Benefit Plans (the “Assumed Benefit Plans”);
(xxiv) the Hospital’s (A) Medicare, Medicaid, and other government payment program provider numbers, and (B) rights under the corresponding Medicare, Medicaid, and other government payment program provider agreements; (xxv) all of ECRMC’s services, participation or provider agreements with private health plans, insurers, or other third-party payors and any of ECRMC’s managed care, prepaid, capitated or other full-risk health plan agreements; (xxvi) all insurance policies and contracts and coverages obtained by Sellers or listing Sellers as an insured party, a beneficiary or loss payee pertaining exclusively to the Hospital, including prepaid insurance premiums, and all rights to insurance proceeds under any of the foregoing, and all subrogation proceeds related to any insurance benefits arising from the foregoing;
(xxvii) all tax refunds, rights to tax refunds for tax periods (or portions thereof) of ECRMC arising prior to the Effective Time related to the ownership or operation of the Assets or the Business by ECRMC, and tax assets and copies of tax returns and other tax records of ECRMC;
(xxviii) all bank accounts of ECRMC; and
(xxix) any other assets owned or leased by ECRMC (which are not otherwise specifically described above in this Section 1.1(a)) that are used exclusively in the operation of the Hospital.
(b) Excluded Assets. Notwithstanding the foregoing, IVHD expressly understands and agrees that it is not purchasing or acquiring, and Sellers are not selling, transferring, or assigning, any of the following assets or properties used in the operation of the Business (the “Excluded Assets”):
(i) the Sellers’ rights or claims related to the Transaction or pursuant to or under this Agreement and any ancillary document hereto; (ii) solely to the extent related to the transaction that is the subject of this Agreement, all writings and other items that are protected from discovery by the attorneyclient privilege, the attorney work product doctrine or any other cognizable privilege or protection; (iii) personnel records and other records that Sellers are required by Law to retain;
(iv) any rights or documents relating to the Excluded Assets; (v) those assets of Sellers specifically identified on Schedule 1.1(b)(iv); and

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(vi) All Benefit Plans that are not Assumed Benefit Plans and all assets attributable thereto (the “Excluded Benefit Plans”).
(c) City Assets Not Used in Operation of the Business. For the avoidance of doubt, the City is not transferring any of its assets to IVHD that are not used by ECRMC solely in operation of the Business, and any such assets shall constitute Excluded Assets for purposes of this Agreement.
(d) Assumption of All Liabilities. On and subject to the terms and conditions of this Agreement and the Sale Order, at the Closing, IVHD will assume and agree to pay, perform and discharge when due all Liabilities of ECRMC and all liabilities of the City that relate to the Business (collectively, the “Assumed Liabilities”), including without limitation, liabilities and obligations under, arising out of, or related to:
(i) subject to the conditions of Section 5.11 and 7.7, the Installment Purchase Agreement, dated as of April 1, 2018 (“Installment Purchase Agreement”), as amended, among the City, ECRMC and El Centro Financing Authority, a public entity duly organized and existing as a joint exercise of powers authority under and by virtue of the laws of the State of California (the “Authority”);
(ii) subject to the conditions of Section 5.11 and 7.7, the Trust Agreement, dated as of April 1, 2018 (the “Trust Agreement”), as amended, between the Authority and MUFG Union Bank, N.A. (the predecessor-in-interest to U.S. Bank Trust Company, National Association), pursuant to which the Authority issued its Hospital Revenue Refunding Bonds, Series 2018, on or about April 19, 2018 in the original aggregate amount of $125,000,000.00 (the “Bonds”);
(iii) any and all other Contracts entered into by the City or ECRMC in connection with the Bonds;
(iv) the Assigned Contracts;
(v) the Assigned Leases;
(vi) the Facilities;
(vii) the Assets;
(viii) the Business Employees;
(ix) the Terminated Employees;
(x) the Hired Employees;
(xi) the Real Property;
(xii) the Benefit Plans (for the avoidance of doubt, including all Assumed Benefit Plans and all Excluded Benefit Plans, provided, that consistent with Section 5.6(e), the

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sole Benefit Plan for which sponsorship shall be transferred from ECRMC to IVHD is the ECRMC Pension Plan);
(xiii) the Memorandums of Understanding;
(xiv) patient credit balances and other current expenses and liabilities; (xv) operating licenses, permits, or accreditations;
(xvi) Accrued PTO due to the Carryover Employees;
(xvii) All self-insured workers’ compensation claims liabilities; and (xviii) other specifically assumed liabilities set forth in Schedule

1.1(d)(xviii).

1.2 Financial Terms.
(a) At the Closing, IVHD will pay each Seller One Dollar ($1.00) to acquire the Assets and assume the Liabilities (the “Purchase Price”), and the City will make a one-time cash payment to IVHD of Five Million Dollars ($5,000,000.00) (the “Financial Contribution”). (b) Notwithstanding any other provision in this Agreement, the Parties may deduct and withhold any withholding taxes required under the Code to be deducted and withheld from any payments to be made pursuant to this Agreement upon advice of such party’s legal counsel or tax advisor; provided, however, that at least five (5) business days prior to deducting or withholding any such amounts, Sellers will provide IVHD with an opportunity for legal counsel or Tax advisors of IVHD to discuss the same with Sellers’ advisors, and the Parties will otherwise reasonably cooperate to obtain reduction of or relief from such deduction or withholding to the extent permitted by applicable Law. To the extent that any such amounts are so withheld and timely paid to the appropriate Tax authority, such withheld amounts will be treated for all purposes of this Agreement as having been delivered and paid to the Person in respect of which such deduction and withholding was made.

1.3 Closing Date; Proceedings at Closing.
(a) The consummation of the Transaction (the “Closing”) will take place remotely via the exchange of documents, signature pages and payments (the day on which the Closing actually occurs, the “Closing Date”) within three (3) business days following the satisfaction or waiver of the conditions set forth in Article VI and Article VII, and other than those conditions that by their nature are to be satisfied at Closing but subject to fulfillment or waiver of those conditions. The Closing will be deemed to occur and to be effective as of 12:01 a.m. Pacific Time on the day immediately after the Closing Date (the “Effective Time”). (b) All proceedings to be taken and all documents to be executed and delivered by all parties at the Closing will be deemed to have been taken, executed, and delivered simultaneously, and no proceedings will be deemed taken nor any documents executed or

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delivered until all have been taken, executed and delivered. At the Closing, the Sellers will deliver (or cause to be delivered) to IVHD possession and control of all of the Assets.

1.4 Items to be Delivered by Sellers at Closing. At or before the Closing, Sellers will deliver to IVHD the following:
(a) a Bill of Sale substantially in the form of Exhibit 1.4(a) attached hereto (the “Bill of Sale”), duly executed by Sellers;
(b) a Power of Attorney, authorizing IVHD to operate and order under Seller’s DEA registration(s) between Closing Date and the date that IVHD obtains its own DEA registration(s);
(c) Real Estate Assignment Agreements (the “Real Estate Assignments”) in the form of Exhibit 1.4(c) attached hereto with respect to the Assigned Leases, each duly executed by the applicable Seller;
(d) Grant Deeds with respect to each Seller’s right title and interest in and to (i) all of the real property described in Schedule 1.4(d), and (ii) all plants, buildings, structures, installments, improvements, fixtures, betterments, additions and improvements in the progress of construction and situated or located on such real property(collectively, the “Owned Real Property”), duly executed by each Seller;
(e) an Assigned Contract Transfer Agreement (the “Transfer Agreement”) in the form of Exhibit 1.4(e) attached hereto, duly executed by ECRMC and the City (as applicable); (f) an IRS Form W-9, duly executed by each Seller;
(g) a certificate, dated as of the Closing Date, and signed by an authorized officer or representative of each Seller, that each of the conditions set forth in Section 7.3 have been satisfied;
(h) a certificate signed by the secretary or other authorized officer or representative of each Seller, dated as of the Closing Date, certifying as to the resolutions adopted in connection with this Agreement and the Transaction and the incumbency of the persons executing this Agreement and the other Transaction Documents; (i) Owner’s affidavits in substantially the form attached hereto as Exhibit

1.4(i);
(j) written resolutions of the Board of Directors of ECRMC and a related plan amendment ceasing further benefit accruals under the ECRMC Pension Plan; (k) written resolutions of the Board of Directors of ECRMC and a related plan amendment terminating each Benefit Plan, including each ECRMC Defined Contribution Plan, with the exception of the ECRMC Pension Plan;

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(l) the written resolutions of the Board of Directors of ECRMC and a related amendment transferring sponsorship of the ECRMC Pension Plan; (m) copies of the Required Third-Party Consents;
(n) the Financial Contribution, which the City will deliver by wire transfer of immediately available funds to an account specified in writing by IVHD; and (o) any such other instruments, certificates, consents, or other documents which the Parties deem reasonably necessary to carry out the Transaction and to comply with the terms hereof.

1.5 Items to be Delivered by IVHD at Closing. At or before the Closing, IVHD will deliver or cause to be delivered to Sellers the following:
(a) payment of the Purchase Price;
(b) a certificate, dated as of the Closing Date, and signed by an authorized officer of IVHD, that each of the conditions set forth in Section 7.3 have been satisfied; (c) a certificate signed by the secretary or other authorized officer of IVHD, dated as of the Closing Date, certifying as to the resolutions adopted in connection with this Agreement and the Transaction and the incumbency of the officers of IVHD executing this Agreement and the other Transaction Documents;
(d) a fully executed Joint Powers and Affiliation Agreement by and among IVHD and The Regents of the University of California on behalf of UC San Diego Health (“UC San Diego Health”), which agreement covers the operations of the Hospital and supersedes the existing Joint Powers and Affiliation Agreement by and between UC San Diego Health and Sellers;
(e) the Bill of Sale, duly executed by IVHD;
(f) the Real Estate Assignments, duly executed by IVHD; (g) the Transfer Agreement, duly executed by IVHD;
(h) Assignment of the Installment Purchase Agreement, duly executed by IVHD;
(i) a preliminary change of ownership report for each Owned Real Property; and
(j) any such other instruments, certificates, consents, or other documents which IVHD and Sellers mutually deem reasonably necessary to carry out the Transaction and to comply with the terms hereof.

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1.6 Risk of Loss. The risk of loss or damage to any of the Assets, Owned Real Property, the Business and all other tangible and intangible property, transfer of which is contemplated by this Agreement, are as set forth in this Section 1.6. With respect to the Owned Real Property, if prior to the Closing, all or any material part of the Owned Real Property is destroyed or materially damaged by fire or the elements or by any other cause (any such damage or destruction, a “Casualty”) or is made subject to an eminent domain or similar proceeding (“Condemnation”), ECRMC will promptly (but not less than twenty (20) business days after obtaining actual knowledge of such destruction, damage, or condemnation) deliver written notice of such destruction, damage or condemnation to IVHD (copying the City), which notice will describe such destruction or damage or proceeding in reasonable detail. The Seller that owns the applicable parcel(s) of Owned Real Property shall have no obligation to repair or replace (or cause to be repaired or replaced) any such damage, destruction or taken property. Such Seller shall, at Closing, provide IVHD with the Condemnation proceeds or net proceeds from Casualty insurance actually received by such Seller on account of such Casualty or Condemnation (except to the extent (a) required to reimburse such Seller’s collection costs or applied to repairs by such Seller prior to the Closing Date, or (b) attributable to lost rents or other items applicable to any period prior to the Closing). If as of the Closing Date, such Seller has not received any such insurance or condemnation proceeds, then such Seller shall, upon the Closing, assign to IVHD all rights of such Seller, if any, to the insurance or condemnation proceeds (except to the extent (a) applied to repairs by such Seller prior to the Closing Date, or (b) attributable to lost rents or other items applicable to any period prior to the Closing). In connection with any assignment of insurance proceeds hereunder, such Seller pay to IVHD an amount equal to the applicable deductible amount under such Seller’s insurance (but not more than the amount by which (x) the cost as of the Closing Date to repair the damage as determined in good faith by IVHD is greater than (y) the insurance proceeds to be assigned to IVHD). Sellers and IVHD hereby expressly waive the provisions of California Civil Code Section 1662 and agree that the provisions of this Section 1.6 shall govern their obligations in the event of damage or destruction to the Owned Real Property or condemnation of all or part of the Owned Real Property.

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF THE CITY
As an inducement to IVHD to enter into this Agreement and to consummate the Transaction, and except as set forth in the Disclosure Schedules and Disclosure Schedule Supplements, the City hereby represents and warrants to IVHD as follows:

2.1 Authorization. The City has full power and authority to enter into this Agreement and has full power and authority to perform its obligations hereunder and to carry out the Transaction.

2.2 Binding Agreement. The execution and delivery by the City of the Transaction Documents to which the City is a party and the consummation of the transaction contemplated thereby have been duly authorized by all requisite action on the part of the City. The Transaction Documents to which the City is a party have been duly and validly executed and delivered by the City and, assuming due and valid execution by IVHD, constitute legal, valid, and binding obligations of the City, enforceable against the City in accordance with their respective terms subject to (a) applicable bankruptcy, reorganization, insolvency, moratorium, and other Laws

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affecting creditors’ rights generally from time to time in effect, and (b) general principles of equity that may limit the enforcement of equitable remedies.

2.3 Organization and Good Standing. The City is duly organized, validly existing and in good standing under the Laws of the State of California, is duly authorized to transact business in the State of California, and every other jurisdiction in which it conducts business or the nature of its business and operations would require qualification as a foreign municipal corporation. The City has full power and authority to own, operate and lease its properties and to carry on its business as now conducted.

2.4 No Violation. Except as set forth in Disclosure Schedule 2.4, neither the execution and delivery by the City of the Transaction Documents to which the City is a party, the transfer of Assets to IVHD, nor the consummation of the transactions contemplated thereby and the compliance with any of the material provisions hereof by the City will (a) conflict with or result in a breach of or constitute a default by the City under any contract, agreement, instrument or other document to which the City is a party or by which the City or any of its assets or properties are bound or subject or to which any entity in which the City has an interest, is a party, or by which any such entity is bound, except for such conflicts, breaches or defaults as to which requisite waivers or consents have been obtained, (b) require any approval or consent of, filing or registration with, or other action by, any Governmental Entity, (c) violate any Law, rule, regulation, or ordinance to which the City is or may be subject, (d) to City’s Knowledge, violate any judgment, order or decree of any court or other Governmental Entity to which the City is subject, or (e) result in the creation of any Encumbrance upon the Assets or the Facilities, other than Permitted Exceptions.

2.5 Brokers and Finders. Neither the City nor any officer or director of the City has engaged, either directly or indirectly, or incurred any liability to, any finder or broker in connection with the Transaction.

2.6 Real Property.
(a) To the City’s Knowledge, there are no eminent domain proceedings or zoning or other public land use proceedings pending and served upon the City, or threatened in writing by a Governmental Entity against the City-Owned Properties. (b) There is no material legal action, investigation or proceedings in any court or before or by any federal, state, county or municipal department, commission, board, bureau or agency or other Governmental Entity of any kind pending, or to the City’s Knowledge, anticipated, or threatened, (i) against the City and related to any of the City-Owned Properties, (ii) against any portion of the City-Owned Properties, or (iii) relating to any of the Lessor Leases in connection with ECRMC’s operation of the Business.
(c) The City has not granted or conveyed to any individual or entity (other than IVHD and the Tenant Leases) any right or option to acquire the City-Owned Properties or any portion thereof or interest therein.
(d) The City has not received any notice of any violation of any law, rule, regulations, municipal ordinance or other governmental requirement affecting the City-Owned

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Properties, and the City has no knowledge that any governmental authority contemplates issuing such a notice, or that any such violation exists.
(e) Except as disclosed on Disclosure Schedule 2.6(e), (i) the City obtained and is in compliance with all permits required pursuant to Environmental Laws for the occupation of the City-Owned Properties, and the City is in compliance with all such permits; (ii) the City has not received any order, notice, or other communication from (nor to the City’s Knowledge has any action been threatened by) any Person of any alleged obligation of the City to undertake or bear the cost of any remediation action; and (iii) there are no pending or, to the City’s Knowledge, threatened, claims, liens, or other restrictions of any nature, resulting from any violation or failure to comply with any applicable Environmental Law with respect to any City-Owned Property. (f) Except as disclosed in Disclosure Schedule 2.6(f) with respect to the CityOwned Properties to the City’s Knowledge:
(i) As to each Lessor Lease, there is no Person in possession of any portion of the premises leased under such Lessor Lease other than the City or ECRMC. As to each Lessor Lease, other than this Agreement, there are no Contracts entered into by the City which grant any party the right to acquire the leasehold interests in the premises leased thereunder or any portion thereof.
(ii) As to each Tenant Lease, there is no other Person in possession of any portion of the premises leased thereunder. As to each Tenant Lease, other than this Agreement, there are no Contracts entered into by the City which grant to any party the right to acquire the leasehold interests in the premises leased thereunder or any portion thereof. (iii) Except for this Agreement, the City has not entered into any contract which grants any party the right to acquire the City-Owned Properties or portion thereof and which remains pending.
(iv) As to each of the Tenant Leases, each of the Tenant Leases is in full force and effect.
(v) None of the Tenant Leases and none of the rents or other amounts payable under the Tenant Leases have been assigned, pledged or encumbered by the City, and the Tenant Leases may be assigned by the City.
(vi) No tenant under a Tenant Lease has asserted any claim which could adversely affect the right of the landlord to collect rent from such tenant. No written notice of default or breach on the part of landlord or any tenant under any of the Tenant Leases has been given or received by the City to or from any tenant which has not been cured. (vii) No brokerage or leasing commissions or other compensation is or will be due or payable to any party, including any renewals or extensions thereof. (viii) As to each of the Lessor Leases, each of the Lessor Leases is in full force and effect.

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(ix) No landlord under a Lessor Lease has asserted any claim which could adversely affect the right of the City to occupy the leased premises. No written notice of default or breach on the part of landlord or any tenant under any of the Lessor Leases has been given or received by the City to or from any landlord which has not been cured. (x) No brokerage or leasing commissions or other compensation is or will be due or payable to any party, including any renewals or extensions. (xi) There are no required guaranties under such Lessor Leases. (xii) All work and tenant improvements required to be completed under the terms of such Lessor Lease by such landlord or the City has been completed and there are no additional material obligations in connection therewith. (xiii) There are no obligations to reimburse a landlord under the Lessor Lease for abated rent.

2.7 Title to Assets. Subject to the exclusions contained in the Title Policy with respect to real property Assets, the City is the sole and lawful owner of, and has good title to, or a valid leasehold interest in, all of the City-Owned Properties and City Assets, free and clear of all Encumbrances other than the Permitted Exceptions.

2.8 Legal Proceedings. Except as set forth in Disclosure Schedule 2.8, there are no claims, proceedings or investigations pending or, to the City’s Knowledge, threatened relating to or affecting the City before any court or Governmental Entity in which an adverse determination would be reasonably likely to (i) adversely affect the City’s ability to consummate the Transaction, or (ii) materially and adversely affect the City-Owned Properties. The City is not subject to any judgment, order, decree or other governmental restriction specifically (as distinct from generically) applicable to the City which would be reasonably likely to adversely affect the City’s ability to consummate the Transaction.

2.9 Transactions With Affiliates. Except as set forth in Disclosure Schedule 2.9, to the City’s Knowledge, no corporate member, director, trustee, officer, city councilmember or employee of the City or member of the family of any such person, or any corporation, partnership, trust or other entity in which any such person, or any member of the family of any such person, has a substantial interest or is an officer, director, trustee, partner or holder of any equity interest, is a party to any transaction with the City with respect to the Business or the Assets, including any contract, agreement or other arrangement providing for the employment of, furnishing of goods or services by, rental of real or personal property from or to or otherwise requiring payments or involving other obligations to any such person or firm.

2.10 Default. Except as set forth on Disclosure Schedule 2.6(f), to the City’s Knowledge, there is no breach or default with respect to any Assumed Liabilities or event which with the passage of time or provision of notice would constitute a breach or default with respect to any Assumed Liabilities.

2.11 AS IS, WHERE IS. THE ASSETS ARE BEING CONVEYED “AS IS”, “WHERE IS”, AND “WITH ALL FAULTS” AS OF THE CLOSING DATE, WITHOUT ANY

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REPRESENTATION OR WARRANTY WHATSOEVER AS TO THEIR CONDITION,

FITNESS FOR ANY PARTICULAR PURPOSE, MERCHANTABILITY OR ANY OTHER

WARRANTY, EXPRESS OR IMPLIED OTHER THAN AS SET FORTH IN THIS AGREEMENT. THE CITY SPECIFICALLY DISCLAIMS ANY WARRANTY, GUARANTY

OR REPRESENTATION, ORAL OR WRITTEN, PAST OR PRESENT, THERETO EXCEPT AS OTHERWISE SET FORTH IN THE AGREEMENT. IVHD IS HEREBY THUS ACQUIRING THE ASSETS BASED SOLELY UPON IVHD’S OWN INDEPENDENT

INVESTIGATIONS AND INSPECTION OF THAT PROPERTY AND NOT IN RELIANCE UPON ANY INFORMATION PROVIDED BY THE CITY OR THE CITY’S AGENTS OR CONTRACTORS EXCEPT AS OTHERWISE SET FORTH IN THIS AGREEMENT. EXCEPT

AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THE CITY HAS NOT MADE, DOES

NOT MAKE AND SPECIFICALLY NEGATES AND DISCLAIMS ANY

REPRESENTATIONS, WARRANTIES OR GUARANTIES OF ANY KIND OR CHARACTER

WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST,

PRESENT OR FUTURE OF, AS TO, CONCERNING OR WITH RESPECT TO THE PROPERTY OR ANY OTHER MATTER WHATSOEVER. IVHD IS A SOPHISTICATED

BUYER WHO IS FAMILIAR WITH THE OWNERSHIP AND OPERATION OF REAL

PROPERTY AND BUSINESS SIMILAR TO THE ASSETS, AND IVHD HAS HAD

ADEQUATE OPPORTUNITY OR WILL HAVE ADEQUATE OPPORTUNITY PRIOR TO

CLOSING TO COMPLETE ALL PHYSICAL AND FINANCIAL EXAMINATIONS

RELATING TO THE ACQUISITION OF THE ASSETS HEREUNDER IT DEEMS

NECESSARY, AND WILL ACQUIRE THE SAME SOLELY ON THE BASIS OF AND IN

RELIANCE UPON SUCH EXAMINATIONS AND THE TITLE INSURANCE PROTECTION AFFORDED BY IVHD’S TITLE POLICY AND NOT ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY THE CITY.

2.12 City’s Knowledge. References in this Agreement to “City’s Knowledge” means the actual knowledge of the City Manager after reasonable inquiry of his or her direct reports.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF ECRMC
As an inducement to IVHD to enter into this Agreement and to consummate the Transaction, and except as set forth in the Disclosure Schedules and Disclosure Schedule Supplements, ECRMC hereby represents and warrants to IVHD as follows:

3.1 Authorization. ECRMC has full power and authority to enter into this Agreement and has full power and authority to perform its obligations hereunder and to carry out the Transaction.

3.2 Binding Agreement. The execution and delivery by ECRMC of the Transaction Documents to which ECRMC is a party and the consummation of the transaction contemplated thereby have been duly authorized by all requisite action on the part of ECRMC. The Transaction Documents to which ECRMC is a party have been duly and validly executed and delivered by ECRMC and, assuming due and valid execution by IVHD, constitute legal, valid, and binding obligations of ECRMC, enforceable against ECRMC in accordance with their respective terms subject to (a) applicable bankruptcy, reorganization, insolvency, moratorium, and other Laws

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affecting creditors’ rights generally from time to time in effect, and (b) general principles of equity that may limit the enforcement of equitable remedies.

3.3 Organization and Good Standing. ECRMC is duly organized, validly existing and in good standing under the Laws of the State of California, is duly authorized and licensed to transact business in the State of California and every other jurisdiction in which it conducts business or the nature of its business and operations would require qualification as a foreign corporation or other entity. ECRMC has full power and authority to own, operate and lease its properties and to carry on its business as now conducted.

3.4 No Violation. Except as set forth in Disclosure Schedule 3.4, neither the execution and delivery by ECRMC of the Transaction Documents to which ECRMC is a party, the transfer of Assets to IVHD, nor the consummation of the transactions contemplated thereby and the compliance with any of the material provisions hereof by ECRMC will (a) violate, conflict with or result in a breach of any material provision of the Articles of Incorporation, Bylaws or other organizational documents of ECRMC, (b) conflict with or result in a breach of or constitute a default by ECRMC under any contract, agreement, instrument or other document to which ECRMC is a party or by ECRMC or any of its assets or properties are bound or subject or to which any entity in which ECRMC has an interest, is a party, or by which any such entity is bound, except for such conflicts, breaches or defaults as to which requisite waivers or consents have been obtained, (c) require any approval or consent of, filing or registration with, or other action by, any Governmental Entity, (d) violate any Law, rule, regulation, or ordinance to which ECRMC is or may be subject, (e) violate any judgment, order or decree of any court or other Governmental Entity to which ECRMC is subject, or (f) result in the creation of any Encumbrance upon the Assets or the Facilities, other than Permitted Exceptions.

3.5 Consents and Approvals.
(a) Except as set forth on Disclosure Schedule 3.5(a), no registration or filing with, or consent or approval of, or other action by, any federal, state or other governmental agency or instrumentality is or will be necessary for the valid execution, delivery and performance of this Agreement by ECRMC, the transfer of the Assets to IVHD (each, a “Required Governmental Entity Consent”).
(b) Except as set forth on Disclosure Schedule 3.5(b), no consent, approval or authorization of any non-governmental third party is required in order for ECRMC to consummate the transactions or perform the related covenants and agreements of ECRMC contemplated hereby, or to vest in IVHD full right, title and interest in the Assets free and clear of any Lien upon the Assets (other than Permitted Exceptions) (each a “Required Third Party Consent”).

3.6 Licenses and Permits. Each of the Facilities is, and for the past three (3) years has been, duly licensed pursuant to the applicable laws of the State of California. Schedule 1.1(a)(ii) contains a true, correct and complete list of all licenses. Each license is valid and in full force and effect, no License is subject to any Encumbrance (other than Permitted Exceptions), limitation, restriction, probation or other qualification (except to the extent of any limitations, restrictions or qualifications under the license’s terms or under applicable Law) and there is no default under any license or, to ECRMC’s Knowledge, any basis for the assertion of any default thereunder. There

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is no investigation or proceeding pending or, to ECRMC’s Knowledge, threatened that could result in the termination, revocation, limitation, suspension, restriction or impairment of any license or the imposition of any fine, penalty or other sanctions for violation of any legal or regulatory requirements relating to any license nor, to ECRMC’s Knowledge, is there any basis therefor.

3.7 Brokers and Finders. Neither ECRMC nor any officer or director of ECRMC has engaged, either directly or indirectly, or incurred any liability to, any finder or broker in connection with the Transaction.

3.8 Real Property.
(a) To ECRMC’s Knowledge, there are no eminent domain proceedings or zoning or other public land use proceedings pending and served upon ECRMC, threatened in writing by a Governmental Entity against the ECRMC-Owned Properties. (b) No material legal action, investigation or proceedings in any court or before or by any federal, state, county or municipal department, commission, board, bureau or agency or other Governmental Entity of any kind pending or to ECRMC’s Knowledge, anticipated or threatened, (i) against ECRMC and related to any of the ECRMC-Owned Properties, (ii) against any portion of the ECRMC-Owned Properties, or (iii) relating to any of the Lessor Leases in connection with the operation of the Business.
(c) ECRMC has not granted or conveyed to any individual or entity (other than IVHD and the Tenant Leases) any right or option to acquire the ECRMC-Owned Properties or any portion thereof or interest therein.
(d) ECRMC has not received any notice of any violation of any law, rule, regulations, municipal ordinance or other governmental requirement affecting the ECRMCOwned Properties, and ECRMC has no knowledge that any governmental authority contemplates issuing such a notice, or that any such violation exists. (e) Except as disclosed in Disclosure Schedule 3.8(e), (i) ECRMC has not received any notice from a Government Entity alleging that it is not in compliance with applicable Environmental Laws; (ii) ECRMC has not received any order, notice, or other communication from (nor to the Knowledge of ECRMC has any action been threatened by) any Person of any alleged obligation of ECRMC to undertake or bear the cost of any remediation action; and (iii) there are no pending or, to the Knowledge of ECRMC, threatened, claims, liens, or other restrictions of any nature, resulting from any violation or failure to comply with any applicable Environmental Law with respect to the Business or the ECRMC-Owned Properties. (f) Except as disclosed in Disclosure Schedule 3.8(f), with respect to the Real Property, to ECRMC’s Knowledge:
(i) As to each Lessor Lease, there is no Person in possession of any portion of the premises leased under such Lessor Lease other than the City or ECRMC. As to each Lessor Lease, other than this Agreement, there are no Contracts entered into by ECRMC which grant any party the right to acquire the leasehold interests in the premises leased thereunder or any portion thereof.

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(ii) As to each Tenant Lease, there is no other Person in possession of any portion of the premises leased thereunder. As to each Tenant Lease, other than this Agreement, there are no Contracts entered into by ECRMC which grant to any party the right to acquire the leasehold interests in the premises leased thereunder or any portion thereof. (iii) Except for this Agreement, ECRMC has not entered into any contract which grants any party the right to acquire the ECRMC-Owned Properties or portion thereof and which remains pending.
(iv) As to each of the Tenant Leases, each of the Tenant Leases is in full force and effect.
(v) None of the Tenant Leases and none of the rents or other amounts payable under the Tenant Leases have been assigned, pledged or encumbered by ECRMC, and the Tenant Leases may be assigned by ECRMC.
(vi) No tenant under a Tenant Lease has asserted any claim which could adversely affect the right of the landlord to collect rent from such tenant. No written notice of default or breach on the part of landlord or any tenant under any of the Tenant Leases has been given or received by ECRMC to or from any tenant which has not been cured. (vii) No brokerage or leasing commissions or other compensation is due or payable to any party, including any renewals or extensions thereof. (viii) As to each of the Lessor Leases, each of the Lessor Leases is in full force and effect.
(ix) No landlord under a Lessor Lease has asserted any claim which could adversely affect the right of ECRMC to occupy the leased premises. No written notice of default or breach on the part of landlord or any tenant under any of the Lessor Leases has been given or received by ECRMC to or from any landlord which has not been cured. (x) No brokerage or leasing commissions or other compensation is due or payable to any party, including any renewals or extensions thereof. (xi) There are no required guaranties under such Lessor Leases. (xii) All work and tenant improvements required to be completed under the terms of such Lessor Lease by such landlord or ECRMC has been completed and there are no additional material obligations in connection therewith. (xiii) There are no obligations to reimburse a landlord under the Lessor Lease for abated rent.

3.9 Compliance with Laws. Except as set forth on Disclosure Schedule 3.9:
(a) With respect to the Business, to ECRMC’s Knowledge, ECRMC is in compliance in all material respects with all applicable Laws. With respect to the Business,

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ECRMC has not received any written notice to the effect that, or otherwise been advised that, ECRMC is not in compliance in any material respect with any applicable Laws, and to ECRMC’s Knowledge, ECRMC has no reasonable basis to anticipate that any existing circumstances are likely to result in a violation of any Law.
(b) To ECRMC’s Knowledge, there are no reasonable grounds to anticipate the commencement of any investigation or inquiry, or the assertion of any claim or demand by any government agency, intermediary or carrier, in each case with respect to any of the activities, practices, policies or claims of the Business, or any payments or reimbursements claimed by or relating to the Business. ECRMC is not currently subject to any outstanding audit with respect to the Business by any such government agency, intermediary or carrier outside the Ordinary Course of Business, and to ECRMC’s Knowledge there are no reasonable grounds to anticipate any such audit in the foreseeable future. ECRMC is not currently subject to unsatisfied judgments, penalties or awards with respect to the Business by any such government agency, intermediary or carrier.

3.10 Healthcare Matters.
(a) Medicare and Medicaid Participation and Hospital Accreditation. (i) All payment programs in which ECRMC has participated in at any time during the last three (3) years with respect to the Business are listed on Disclosure Schedule

3.10(a)(i) (the “Seller Payment Programs”). The Facilities are qualified for participation in the Seller Payment Programs, are currently enrolled a participating providers or suppliers (as applicable) in such programs, have current and valid provider or supplier contracts with such programs, are, and for the past three (3) years have been, in compliance in all material respects with the conditions of participation in such programs, and have received all approvals or qualifications necessary for capital reimbursement for the Facilities. (ii) With respect to the Business: (i) there is no pending or, to ECRMC’s Knowledge, threatened investigation, or civil, administrative or criminal proceeding relating to ECRMC’s participation in any Seller Payment Program except for any routine audits in the Ordinary Course of Business; (ii) ECRMC is not subject to, nor have it been subjected to during the last three (3) years, any pre-payment utilization review or other utilization review by any Seller Payment Program, except for routine reviews in the Ordinary Course of Business, which did not or do not result in any material penalties or findings; (iii) in the last three (3) years, no Seller Payment Program has requested or threatened in writing any recoupment, refund, or set-off from ECRMC and, to ECRMC’s Knowledge, there is no basis therefor; (iv) in the last three (3) years, no Seller Payment Program has imposed a fine, penalty or other sanction on ECRMC; and (v) in the last three (3) years, ECRMC has not submitted to any Seller Payment Program any false or fraudulent claim for payment or violated any condition for participation, or any rule, regulation, policy or standard of, any Seller Payment Program. During the last three (3) years, all Medicare costs reports required to be filed by ECRMC regarding the Business have been accurately completed and timely filed in all material respects.
(iii) Except as set forth on Disclosure Schedule 3.10(a)(iii), each of the Facilities is duly accredited by The Joint Commission, and such accreditation is in full force and effect with no contingencies. To ECRMC’s Knowledge, no event has occurred or other material

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fact exists with respect to the Facilities’ accreditation that allows, or after notice or lapse of time or both would allow, revocation, suspension, restriction, limitation or termination of such accreditation or would result in any other impairment of the rights of the holder of such accreditation.
(iv) During the last three (3) years all billing practices of ECRMC with respect to the Facilities to all third party payors, including the Seller Payment Programs, have been in material compliance with applicable Laws and ECRMC’s contracts therewith, and neither ECRMC nor the Facilities have billed or received any payment or reimbursement in excess of amounts allowed by Law or the rules and regulations of the Seller Payment Programs or ECRMC’s contracts therewith. During the last three (3) years, ECRMC has timely filed, submitted, or obtained in the Ordinary Course of Business all material reports, billings, and documents required to be filed, submitted or obtained to receive reimbursement from Medicare, Medicaid, Medi-Cal, CHAMPUS/TRICARE, or other third party payment programs, as applicable, for services furnished at the Facilities.
(v) Neither ECRMC nor the Facilities nor any of their respective officers, directors, managers, managing employees, service providers, controlling members or shareholders, employees, agents, or contractors providing direct patient care, indirect patient care, or administrative and management services are excluded from participation in the Medicare, Medicaid, Medi-Cal, CHAMPUS/TRICARE programs or any other federal healthcare program, nor to the Knowledge of Sellers is any such exclusion, suspension, or debarment pending or threatened. ECRMC performs periodic searches of relevant data bases, including without limitation the “List of Excluded Individuals/Entities” from the United States Health and Human Services Office of Inspector General (“OIG Health and Human Services”) and the “List of Excluded Individuals/Entities” from the System for Award Management to confirm that none of the foregoing have been excluded, suspended, or debarred from participation in Medicare, Medicaid, Medi-Cal, or CHAMPUS/TRICARE programs or any other federal healthcare program.
(b) Fraud and Abuse Compliance. With respect to the Business, in the last three (3) years and to the ECRMC’s Knowledge, (A) ECRMC has not submitted any claim to any Seller Payment Program in connection with any referrals that violated any applicable self-referral Law, including without limitation the Stark Law, or any applicable state self-referral Law; (B) ECRMC has complied with all disclosure requirements of all applicable self-referral Laws, including without limitation the Stark Law and any applicable state self-referral Law; (C) neither ECRMC nor, to ECRMC’s Knowledge, any Affiliate of ECRMC has knowingly or willfully solicited, received, paid or offered to pay any remuneration, directly or indirectly, overtly or covertly, in cash or kind for the purpose of making or receiving any referral which violated any applicable anti-kickback Law, including without limitation the Federal Anti-Kickback Statute or any applicable state anti-kickback Law; (D) ECRMC has not submitted any claim for payment to any Seller Payment Program in violation of any Laws relating to false claim or fraud, including without limitation the Federal False Claim Act or any applicable state false claim or fraud Law; and (E) ECRMC has been in compliance in all material respects with all applicable state corporate practice of medicine and fee-splitting laws and regulations.

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(c) Seller Payment Program Audits and Investigations. ECRMC has not, within the last three (3) years (i) been a party or subject to a Corporate Integrity Agreement with the OIG Health and Human Services, (ii) had any reporting obligations pursuant to any settlement agreement entered into with any Governmental Authority, (iii) been the subject of any governmental payer program investigation conducted by any federal or state enforcement agency, (iv to ECRMC’s Knowledge, been a defendant in any qui tam/Federal False Claims Act or state false claims act litigation, (v) been served with or received any search warrant, subpoena, civil investigative demand contact letter, or, to ECRMC’s Knowledge, telephone or personal contact by or from any federal or state enforcement agency, (vi) to ECRMC’s Knowledge, been the subject of any focused reviews, Zone Program Integrity Contractor audits, RAC audits, Medicaid Integrity Program audits, Comprehensive Error Rate Testing Contractor audits, Supplemental Medical Review Contractor audits, MAC audits or any other similar audits with respect to any federal healthcare program, except for those that were routine in nature and/or did not result in any material repayment obligations, penalties or other remediation obligations for Sellers or the Facilities, (vii) made a filing pursuant to the OIG’s Self Disclosure Protocol, CMS’s Voluntary Self-Referral Disclosure Protocol, the ONC Information Blocking Portal, or other voluntary disclosure to the OIG, CMS or other Governmental Authority; and (viii) to ECRMC’s Knowledge, received any written complaints or notice from any employee, independent contractor, vendor, physician or other Person or organization alleging or that would indicate that ECRMC has violated any material healthcare law or regulation and/or requirements of any Government Authority having jurisdiction over ECRMC, the Facilities and/or Assets. (d) Quality Reporting Initiatives. ECRMC has registered with the QNet Exchange (“Qnet”) as and to the extent required by CMS under its Hospital Quality Initiative Program (the “HQI Program”). ECRMC has submitted all quality data required under the HQI Program to CMS or its agent and otherwise complied in all material respects with all requirements of the HQI Program, and have submitted all quality data required under the ORYX Core Measure Performance Measurement System (“ORYX”) to The Joint Commission, for all calendar quarters concluded during the last three (3) years, except for any quarter for which the respective reporting deadlines have not yet expired. All such submissions of quality data have been made in all material respects in accordance with the applicable reporting deadlines and in the form and manner required by CMS and The Joint Commission, respectively. ECRMC has not received written notice of any reduction in reimbursement under the Medicare program resulting from their failure to report quality data to CMS or its agent as required under the HQI Program. (e) Medical Staff Matters. Sellers have provided to IVHD true, correct, and complete copies of the bylaws and rules and regulations of the medical staff of the Business, as well as a list of all current members of the medical staff of the Business. Except as set forth on Disclosure Schedule 3.10(e), no medical staff members of any of the Facilities or providers with privileges have (i) had their privileges revoked or suspended by ECRMC, or (ii) been excluded from participation in any “federal health care program” as defined in 42 U.S.C. §1320a-7b(f) (including Medicare, state Medicaid programs, state CHIP programs, TRICARE and similar or successor programs with or for the benefit of any Governmental Authority) or any other state payment or reimbursement programs that are under the authority of any state Governmental Authority, or, to ECRMC’s Knowledge, is under investigation that may result in any exclusion from such participation.

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(f) Experimental Procedures. In the last three (3) years, ECRMC has not performed or permitted the performance of any experimental or research procedures or studies involving patients of the Business not authorized and conducted in accordance with applicable Law.
(g) Compliance Program. ECRMC maintains a written compliance program in compliance with all Laws, including, without limitation, all Healthcare Laws, and appropriate training and education programs are in place consistent with compliance program guidelines.

During the last three (3) years, ECRMC has operated the Business in all material respects in accordance with its compliance program. For purposes of this Agreement, the term “compliance program” refers to compliance programs of the type described in the compliance guidance published by the OIG Health and Human Services.
(h) Stimulus Funds. Except as set forth on Disclosure Schedule 3.10(e), ECRMC did not receive any funds under the Paycheck Protection Program established pursuant to the Coronavirus Aid, Relief, and Economic Security Act (Pub. L. 116-136), as amended (the “CARES Act”). ECRMC has repaid in full to the appropriate Governmental Authority any amounts due, including any accrued and unpaid interest, under all payments made to the Sellers under the Medicare Hospital Accelerated Payment Program as defined under Section 3719 of the CARES Act. ECRMC utilized any provider relief Funds in accordance with all applicable Laws and the applicable terms and conditions. ECRMC maintains appropriate accounting records associated with such funds, including tracking the costs and other expenses for which stimulus funds are used and quantifying the lost revenue incurred in connection with the operation of the Business during the COVID-19 pandemic.
(i) Privacy.
(i) Except as set forth on Disclosure Schedule 3.10(i)(i), for the past three (3) years, ECRMC has been in compliance with Privacy Laws in all material respects. (ii) Except as set forth on Disclosure Schedule 3.10(i)(ii), to ECRMC’s Knowledge, in the last three (3) years, there have been no material breaches in the security of any of the computer systems, including the software, firmware, hardware, networks, interfaces, platforms and related systems owned leased or licensed by ECRMC that was required to be reported by Law.
(iii) The execution, delivery, or performance of this Agreement and the consummation of the transactions contemplated hereby, in each case on the part of ECRMC will not violate Privacy Laws or result in or give rise to any right of termination or other right to impair or limit ECRMC’s rights to own, use, or disclose any information used in or necessary for the operation of the business of the Sellers as currently conducted.

3.11 Title to Assets. ECRMC is the sole and lawful owner of, and has good title to, or a valid leasehold interest in, all of the ECRMC-Owned Properties and Assets owned by ECRMC, free and clear of all Encumbrances other than the Permitted Exceptions.

3.12 Labor and Benefits Matters.

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(a) ECRMC has provided IVHD a complete and accurate list of all Business Employees as of the date of this Agreement, along with the position, status as full-time or parttime, date of hire, union affiliation, base compensation, any other regular compensation (such as bonuses or commissions), status as active or on leave (and, if on leave, the nature of the leave and the anticipated date of return, if known), status as exempt or non-exempt for purposes of federal and state overtime pay and other wage-and-hour requirements, and accrued but unused sick time or vacation leave or paid time off.
(b) Except as listed on Disclosure Schedule 3.12(b), (i) ECRMC is not party to any memorandum of understanding, collective bargaining agreement or other organized labor agreement; (ii) to ECRMC’s Knowledge, ECRMC is not currently subject to any union organizing activities; (iii) to ECRMC’s Knowledge, ECRMC has not breached or otherwise failed to comply with any provision of any Memorandum of Understanding, and there are no grievances outstanding against ECRMC under any Memorandum of Understanding; (iv) to ECRMC’s Knowledge, there are no unfair labor practice complaints pending against ECRMC with respect to the Business Employees before the Public Employment Relations Board or any current union representation questions involving the Business Employees; and (v) there is no strike, slowdown, work stoppage or lockout or, to ECRMC’s Knowledge, threat thereof, by or with respect to the Business Employees.
(c) Disclosure Schedule 3.12(b) sets forth a true and complete list of the Benefit Plans. With respect to each Benefit Plan, ECRMC has made available to IVHD accurate, current and complete copies of each of the following (to the extent applicable): (i) the plan document together with all amendments, and, with respect to any Benefit Plan that has not been reduced to writing, a written summary of the material plan terms; (ii) all current determination letters, opinion letters or advisory letters from the Internal Revenue Service and any legal opinions issued thereafter with respect to such Benefit Plan’s continued qualification; (iii) copies of any trust agreements, insurance policies and contracts, group annuity contracts, custodial agreements, administration and similar agreements; investment management or investment advisory agreements, and similar funding instruments now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise; (iv) copies of any summary plan descriptions, summaries of material modifications, summaries of benefits and coverage, COBRA or PHSA communications, and the most recent employee handbook and any other written communications (or a description of any oral communications) relating to any Benefit Plan; (v) the actuarial valuation report for any defined benefit pension plan for the last 3 years; and (vi) copies of material notices, letters or other correspondence from the Internal Revenue Service, Department of Labor, Department of Health and Human Services, Pension Benefit Guaranty Corporation or other Governmental Authority relating to any Benefit Plan. Each Benefit Plan is sponsored by ECRMC and no Benefit Plan is sponsored by any Controlled Group Member or Affiliate.
(d) Each Benefit Plan and any related trust have been properly and legally established and each have been administered and maintained in all material respects in accordance with its terms and in compliance with all applicable Laws. To ECRMC’s Knowledge, nothing has occurred, and no circumstances exist with respect to any Benefit Plan that has subjected or could reasonably be expected to subject ECRMC or any Affiliate or, with respect to any period on or after the Closing Date, IVHD or any Affiliate, to any material penalty or tax under applicable Law.

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Each Benefit Plan that is intended to be qualified within the meaning of Section 401(a) of the Code (a “Qualified Benefit Plan”) is so qualified and received a favorable and current determination letter from the Internal Revenue Service with respect to such qualification, or with respect to a prototype or volume submitter plan, can rely on an opinion letter from the Internal Revenue Service to the prototype plan or volume submitter plan sponsor, to the effect that such Qualified Benefit Plan is so qualified and that the plan and the trust related thereto are exempt from federal income taxes under Sections 401(a) and 501(a), respectively, of the Code, and no event or omission has occurred that could reasonably be expected to adversely affect the qualified status of any Qualified Benefit Plan.
(e) There are no pending proceedings relating to any Benefit Plan other than routine claims for benefits, and no Benefit Plan is under or has within the three (3) years been the subject of an examination or audit by a Governmental Entity or the subject of an application or filing under or is a participant in, an amnesty, voluntary compliance, self-correction or similar program sponsored by any Governmental Entity, and, to ECRMC’s Knowledge, there is no reasonable basis for any such proceedings, audit or investigation. (f) Neither ECRMC, the Sellers nor any of their Controlled Group Members have ever maintained, sponsored, contributed to, or has been obligated to maintain, sponsor or contribute to, or had any Liability with respect to (whether contingent or otherwise): (i) any “employee pension plan” (as defined in Section 3(2) of ERISA), subject to Title IV of ERISA or Section 412 of the Code; (ii) a “multiemployer plan” (as defined in Section 3(37) of ERISA); (iii) a “multiple employer plan,” as defined in Section 3(40) of ERISA, (iv) a “voluntary employees’ beneficiary association,” as defined in Section 501(c)(9) of the Code, or (v) a “multiple employer welfare arrangement,” as defined in Section 3(40) of ERISA. Neither ECRMC, Sellers nor any of their Controlled Group Members has (i) incurred or reasonably expects to incur, either directly or indirectly, any material Liability under Title I or Title IV of ERISA or related provisions of the Code or, except with respect to the ECRMC Pension Plan, applicable local Law relating to employee benefit plans; (ii) failed to timely pay premiums to the Pension Benefit Guaranty Corporation for any Benefit Plan for which such premiums are required; (iii) withdrawn from any employee benefit plan in a manner that could result in any withdrawal liability under Title IV of ERISA; (iv) engaged in any transaction which would give rise to liability under Section 4069 or Section 4212(c) of ERISA; (v) incurred taxes under Section 4971 of the Code with respect to any Benefit Plan; (vi) completely or partially terminated any Benefit Plan that is an “employee pension plan” (as defined in Section 3(2) of ERISA) and no proceeding has been initiated by the Pension Benefit Guaranty Corporation or any other Governmental Authority to terminate any Employee Benefit Plan or to appoint a trustee for any such plan. (g) Except with respect to the ECRMC Pension Plan, no Benefit Plan is underfunded. No Benefit Plan subject to the minimum funding requirements of the Code or ERISA has an “accumulated funding deficiency,” whether or not waived, has failed to pay when due any “required installments” within the meaning of Section 412(m) of the Code, or is subject to a lien for unpaid contributions under Section 303(k) of ERISA or Section 430(k) of the Code. No Benefit Plan that is an employee pension plan subject to Section 436 of the Code has an “adjusted funding target attainment percentage,” as defined in Section 436 of the Code, less than 80% and with respect to each Benefit Plan. Except with respect to the ECRMC Pension Plan, the assets of each Benefit Plan are at least equal in value to the present value of the project benefit obligations (vested

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and unvested) of such plan based on the actuarial methods and assumptions used in the most recent actuarial valuation report and in accordance with GAAP. All benefits, contributions and premiums relating to each Benefit Plan have been timely paid in accordance with the terms of such Benefit Plan and all applicable Laws and accounting principles, and all benefits accrued under any unfunded Benefit Plan have been paid, accrued or otherwise adequately reserved to the extent required by, and in accordance with GAAP.
(h) Each Benefit Plan can be amended, terminated or otherwise discontinued after the Closing in accordance with its terms to the extent permitted under applicable Law, including the elimination of any and all future benefit accruals thereunder to the extent permitted under applicable Law, without increasing the material liabilities to IVHD or ECRMC other than ordinary administrative expenses typically incurred in a termination event, and no employee communications or provision of any Benefit Plans has failed to effectively reserve the right of the plan sponsor to so amend, terminate or otherwise modify such Benefit Plans. Except as provided in Sections 5.4 and 5.4, ECRMC has no commitment or obligation and has not made any representations to any employee, officer, director, independent contractor or consultant, whether or not legally binding, to adopt, amend, modify or terminate any Benefit Plan or any collective bargaining agreement, in connection with the consummation of the transactions contemplated by this Agreement or otherwise. There has been no amendment to, announcement by ECRMC relating to, or change in employee participation or coverage under, any Benefit Plan or collective bargaining agreement that would increase the annual expense of maintaining such plan above the level of the expense incurred for the most recently completed fiscal year (other than on a de minimis basis).
(i) Other than as required under Sections 601 to 608 of ERISA or other applicable Law, no Benefit Plan or other arrangement provides post-termination or retiree health benefits to any individual for any reason and Sellers, ECRMC and their Affiliates have never represented, promised or contracted to any individual that such individual would be provided with post-termination or retiree health benefits. ECRMC, Sellers and each Controlled Group Member is and, at all relevant times, has been in compliance in all material respects with the Patient Protection and Affordable Care Act, the Health Care and Education Reconciliation Act of 2010, and all regulations and guidance issued thereunder (collectively, the “Health Care Reform Laws”), including the employer shared responsibility provisions relating to the offer of medical coverage that qualifies as “minimum essential coverage” that is “affordable” and provides “minimum value” to “full time employees” and their “dependents” (as those terms are defined in Section 4980H of the Code and the related Treasury Regulations) and the applicable information reporting requirements under Sections 6055 and 6056 of the Code; and neither ECRMC, Sellers or any Controlled Group Member or any Benefit Plan has incurred (and nothing has occurred, and no condition or circumstance exists, that could subject IVHD, Seller, any Controlled Group Member or any Benefit Plan) to any assessable payment, Tax or penalty under Section 4980D or 4980H of the Code or under any other provision of the Health Care Reform Laws. (j) No Benefit Plan is subject to the laws of any jurisdiction outside of the United States.
(k) Each Benefit Plan that is subject to Section 409A or Section 457(f) of the Code has been administered in compliance with its terms and the operational and documentary

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requirements of Section 409A or Section 457(f) of the Code, as applicable, and all applicable regulatory guidance (including notices, rulings and proposed and final regulations) thereunder and no payment to be made under any Benefit Plan is, or will be, subject to the penalties of Section 409A(a)(1) of the Code. ECRMC has no obligation to gross up, indemnify or otherwise reimburse any individual for any Taxes incurred pursuant to Section 409A or Section 457(f) of the Code. (l) Each individual who is classified by ECRMC as an independent contractor has been properly classified for purposes of participation and benefit accrual under each Benefit Plan.
(m) Except for the severance benefits for the ECRMC Chief Financial Officer, Chief Nursing Officer, Chief Human Resources Officer and General Counsel who elect to not accept employment with IVHD, neither the execution of this Agreement nor any of the transactions contemplated by this Agreement will (either alone or upon the occurrence of any additional or subsequent events): (i) entitle any current or former director, officer, employee, independent contractor or consultant to severance pay or any other payment; (ii) accelerate the time of payment, funding or vesting, or increase the amount of compensation due to any such individual; (iii) increase the amount payable under or result in any other material obligation pursuant to any Benefit Plan; or (iv) require Seller, any Controlled Group Member or IVHD to transfer or set aside any assets to fund or otherwise provide for any benefits for any individual.

3.13 Legal Proceedings. Except as set forth in Disclosure Schedule 3.13, there is no action, suit, litigation, proceeding or investigation pending or, to ECRMC’s Knowledge, threatened by or against ECRMC, or relating to or affecting ECRMC or any Affiliate of ECRMC before any court or Governmental Entity in which an adverse determination would be reasonably likely to adversely affect ECRMC’s ability to consummate the Transaction. ECRMC has not received any written or oral notice of any such action, suit, litigation, proceeding or investigation, and no event has occurred or circumstance exists that may give rise to or serve as a basis therefor.

There are no outstanding orders, writs, judgments, injunctions or decrees of any court, Governmental Entity or arbitration tribunal against, involving or affecting the Business or the Assets, and to ECRMC’s Knowledge, there are no facts or circumstances which may result in the institution of any such orders, writs, judgments, injunctions or decrees. With respect to the Business, ECRMC is not in default with respect to any order, writ, injunction or decree or served upon ECRMC from any court or any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign.

3.14 Solvency and Value of Transfer. There is no bankruptcy or insolvency proceeding of any character including without limitation, bankruptcy, receivership, reorganization, dissolution or arrangement with creditors, voluntary or involuntary, affecting ECRMC and ECRMC has not taken any action in contemplation of, or which would constitute the basis for, the institution of any such proceedings. ECRMC is not insolvent under any bankruptcy, receivership or insolvency Law. ECRMC’s sale of the Assets has not been undertaken with the intention to hinder, delay or defraud ECRMC’s current or future creditors.

3.15 Leases of Personal Property. Except as set forth on Disclosure Schedule 3.15, none of the tangible personal property used by ECRMC in connection with the operation of the Business is subject to a Personal Property Lease. To ECRMC’s Knowledge, all Personal Property Leases

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are valid, binding and enforceable in accordance with their respective terms and are in full force and effect, except as such enforceability may be limited by applicable Enforceability Exceptions.

ECRMC is not, to ECRMC’s Knowledge, in material default under any Personal Property Leases and ECRMC has not received notice that there has been asserted, either by or against ECRMC under any Personal Property Leases, any material default, set-off or claim of default. The parties to the Personal Property Leases other than ECRMC are not, to ECRMC’s Knowledge, in default of their respective material obligations under the Personal Property Leases. To ECRMC’s Knowledge, there has not occurred any event which, with the passage of time or giving of notice (or both), would constitute such a material default or breach under any of the Personal Property Leases by ECRMC or any other party thereto.

3.16 Financial Statements. ECRMC has provided to IVHD (a) the audited balance sheets of the Business as of June 30, 2024, and the related statements of income and cash flow and footnotes thereto for the 12-month periods then ended, prepared in accordance with GAAP (the “Year-End Financial Statements”), and (b) the unaudited balance sheets of the Business as of May 31, 2025 and the related unaudited statements of income for the 11-month period then ended, prepared in accordance with GAAP (the “Interim Financial Statements”). The Year-End Financial Statements and the Interim Financial Statements are referred to herein collectively as the “Financial Statements.” To ECRMC’s Knowledge, the Financial Statements fairly present in all material respects the financial condition and the results of operations and cash flow of the Business (and no other business or operation of ECRMC) as of the respective dates of and for the periods referred to in such financial statements, all in accordance with GAAP, subject, in the case of the Interim Financial Statements, to normal and recurring year-end adjustments and the absence of footnotes. To ECRMC’s Knowledge, the Financial Statements reflect the consistent application of GAAP throughout the periods involved.

3.17 Absence of Certain Events. Except as set forth on Disclosure Schedule 3.17, as expressly contemplated by this Agreement, or in the Ordinary Course of Business, since the date of the Interim Financial Statements, there has not been:
(a) any voluntary or involuntary sale, assignment, license or other disposition, of any kind, of any property or right included in the Assets; (b) any Encumbrance imposed or created on the Assets (other than Permitted Exceptions);
(c) any Material Adverse Effect;
(d) any damage or destruction of any of the assets utilized in the Business by fire or other casualty, whether or not covered by insurance, in an aggregate amount of more than $50,000;
(e) any termination of any provider agreement or other contract pursuant to which ECRMC receives compensation or reimbursement for patient care services in connection with the Business;
(f) any sale, transfer, assignment, termination, modification or amendment of any Contract;

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(g) any written notice to ECRMC that any Contract has been breached or repudiated or will be breached or repudiated;
(h) except as provided for in any written agreements, or otherwise as necessary to comply with any applicable minimum wage Law, any increase in the salary or other compensation of any of ECRMC employees engaged in the Business, or any material increase in or any addition to other benefits to which any such employee may be entitled; (i) any extraordinary compensation, bonus or distribution to ECRMC or to any Affiliate of ECRMC;
(j) any material failure to pay or discharge when due any liabilities which arose out of the ownership or operation of the Business;
(k) any material change in any of the accounting principles adopted by ECRMC, or any change in ECRMC’s policies, procedures, or methods with respect to applying such principles;
(l) any termination of key personnel such as registered nurses, social workers, dieticians or medical directors;
(m) except as required pursuant to the terms of a Benefit Plan or by Law, any (i) grant of any bonuses, whether monetary or otherwise, or increase in any wages, salary, severance, pension or other compensation or benefits in respect of its current or former employees, officers, directors, independent contractors or consultants; (ii) change in the terms of employment for any employee or any termination of any employees for which the aggregate costs and expenses would increase more than a de minimis amount; or (iii) take action to accelerate the vesting or payment of any compensation or benefit for any current or former employee, officer, director, independent contractor or consultant;
(n) any adoption, modification or termination of any: (i) employment, severance, retention or other agreement with any current or former employee, officer, director, independent contractor or consultant; (ii) Benefit Plan; or (iii) collective bargaining or other agreement with a Union, in each case whether written or oral; (o) firing or termination of the employment of any executive officer of ECRMC; or
(p) any material failure to pay when due any liabilities or discharge any duties under any Benefit Plan.

3.18 Taxes. The representations and warranties in this Section 3.17 shall apply only with respect to the Assets and the Business. ECRMC has filed, or has caused to be filed, on a timely basis and subject to all permitted extensions, any applicable tax returns with the appropriate Governmental Entities in all jurisdictions in which such tax returns are required to be filed, and all such tax returns were correct and complete. Except as set forth on Disclosure Schedule 3.18, or separately disclosed to IVHD counsel, all Taxes required to be paid by ECRMC (whether or not shown as due on any tax returns) have been timely paid, or delinquencies cured with payment of

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any applicable penalties and interest, as of the Effective Date, and will not be due and payable as of the Closing Date. With respect to the Business, ECRMC has no dispute with any taxing authority as to Taxes of any nature. With respect to the Business, there are no audits or other examinations being conducted or threatened, and there is no deficiency or refund litigation or controversy in progress or threatened with respect to any Taxes previously paid by ECRMC or with respect to any returns previously filed by ECRMC or on behalf of ECRMC. With respect to the Business, ECRMC has not made any extension or waiver of any statute of limitations relating to the assessment or collection of Taxes. ECRMC has correctly withheld and timely remitted to the appropriate taxing authority all Taxes required to have been withheld and remitted in connection with amounts paid or owing to any employee, independent contractor, creditor, owner, or other Person. ECRMC has collected all sales and use, value added, goods and services and other similar Taxes required to be collected, and has remitted, or will remit on a timely basis, such amounts to the appropriate taxing authority, or has furnished properly completed exemption certificates and has maintained all such records and supporting documents in the manner required by all applicable sales and use Tax statutes and regulations.

3.19 Assigned Contracts.
(a) ECRMC is not in material default under the terms of any Assigned Contract.

No event has occurred that would constitute a default by ECRMC under any Assigned Contract, nor has ECRMC received any written notice of any default under any Assigned Contract. To the Knowledge of ECRMC, the counterparties to the Assigned Contracts are not in default under the terms thereof, nor has any event occurred that would constitute a default by any such counterparty under any Assigned Contract, nor has ECRMC received any written notice of any such counterparty’s default under any Assigned Contract.
(b) The Assigned Contracts are valid and binding obligations of ECRMC and in full force and effect against ECRMC, except as such enforceability may be limited by (a) applicable bankruptcy, reorganization, insolvency, moratorium, and other Laws affecting creditors’ rights generally from time to time in effect, and (b) general principles of equity that may limit the enforcement of equitable remedies, and have been entered into in the Ordinary Course of Business. In the last three (3) years, ECRMC has not received any written notice from any other party to an Assigned Contract of the termination or threatened termination thereof, nor any claim, dispute or controversy thereon, and has no knowledge of the occurrence of any event which would allow any other party to terminate any Assigned Contract. (c) Consummation of the transactions contemplated by this Agreement will not constitute a default under any Assigned Contract.

3.20 Financing Statements. Except as set forth on Disclosure Schedule 3.17, there are no financing statements under the Uniform Commercial Code which name ECRMC as debtor or lessee filed with respect to the Business or the Assets in any state.

3.21 Transactions With Affiliates. Except as set forth on Disclosure Schedule 3.21, no corporate member, director, trustee, officer, or employee of ECRMC or member of the family of any such person, or any corporation, partnership, trust or other entity in which any such person, or any member of the family of any such person, has a substantial interest or is an officer, director,

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trustee, partner or holder of any equity interest, is a party to any transaction with ECRMC with respect to the Business or the Assets, including any contract, agreement or other arrangement providing for the employment of, furnishing of goods or services by, rental of real or personal property from or to or otherwise requiring payments or involving other obligations to any such person or firm.

3.22 Insurance. ECRMC has not failed to give any notice or present any claim under any insurance policy in due and timely fashion, has not received notice of cancellation or nonrenewal of any insurance policy and is not aware of any threatened or proposed cancellation or non-renewal of any insurance policy. There are no outstanding claims under any ECRMC insurance policies which have gone unpaid for more than thirty (30) days, or as to which the insurer has disclaimed liability.

3.23 Intellectual Property.
(a) To ECRMC’s Knowledge, there has been no infringement, violation or misappropriation of the rights of others by ECRMC or any of its Affiliates with respect to any ECRMC Intellectual Property of any third party, and no third party is violating, infringing or misappropriating the ECRMC Intellectual Property. ECRMC owns or possesses adequate licenses or other rights to use all ECRMC Intellectual Property, and the ownership and license rights in the ECRMC Intellectual Property are all that are, necessary or desirable to conduct the Business as conducted. ECRMC has not granted any person or entity any right to use any of the Intellectual Property Assets for any purpose.
(b) To the extent not assigned to ECRMC as a work-made-for-hire or other applicable legal doctrine, ECRMC has entered into a written agreement with each of its respective current and former employees, consultants and independent contractors who have been involved in the development of all Intellectual Property owned or purported to be owned by ECRMC that assigns to ECRMC all rights, title and interest in and to such Intellectual Property. ECRMC has also taken reasonable steps to protect the confidentiality of any trade secrets or other confidential information of ECRMC, and obligates all employees, contractors or consultants to maintain the confidentiality of such trade secrets or other confidential information.

3.24 ECRMC IT Systems. ECRMC owns or has a valid right to access and use all ECRMC IT Systems, which (i) are adequate for, and operate and perform in all material respects as required in connection with, the operation of the Business as currently conducted, and (ii) to ECRMC’s Knowledge, do not contain any viruses, worms, Trojan horses, bugs, faults, malware, spyware or other devices, codes, errors, contaminants or effects that (A) materially disrupt or adversely affect (or could reasonably be expected to materially disrupt or adversely affect) the functionality of any ECRMC IT Systems, except as disclosed in their documentation, (B) enable or assist any Person to access without authorization any ECRMC IT Systems, or (C) damage, destroy, or prevent access to or use of any data or file. ECRMC has taken commercially reasonable actions to protect the integrity and security of the ECRMC IT Systems and the data and other information stored or processed thereon. ECRMC maintains and adheres to commercially reasonable backup and data recovery, disaster recovery, and business continuity plans, procedures, and facilities, and regularly tests the foregoing.

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3.25 Hospital Revenue Refunding Bonds. The Bonds issued are currently outstanding and secured by revenues of the Business. There has not been, nor is there a basis for, a Determination of Taxability (as defined in the Trust Agreement) with respect to the Bonds.

ECRMC has made all payments required by the Installment Purchase Agreement by and among Sellers and the Bond Issuer dated as of April 1, 2018 and, except as set forth on Disclosure Schedule 3.25, there is not otherwise any default or event that would, with the passage of time, constitute a default under any of the documents governing, securing or evidencing the Bonds.

3.26 AS IS, WHERE IS. THE ASSETS ARE BEING CONVEYED “AS IS”, “WHERE IS”, AND “WITH ALL FAULTS” AS OF THE CLOSING DATE, WITHOUT ANY

REPRESENTATION OR WARRANTY WHATSOEVER AS TO THEIR CONDITION,

FITNESS FOR ANY PARTICULAR PURPOSE, MERCHANTABILITY OR ANY OTHER

WARRANTY, EXPRESS OR IMPLIED OTHER THAN AS SET FORTH IN THIS AGREEMENT. ECRMC SPECIFICALLY DISCLAIMS ANY WARRANTY, GUARANTY OR

REPRESENTATION, ORAL OR WRITTEN, PAST OR PRESENT, THERETO EXCEPT AS OTHERWISE SET FORTH IN THE AGREEMENT. IVHD IS HEREBY THUS ACQUIRING THE ASSETS BASED SOLELY UPON IVHD’S OWN INDEPENDENT INVESTIGATIONS

AND INSPECTION OF THAT PROPERTY AND NOT IN RELIANCE UPON ANY INFORMATION PROVIDED BY ECRMC OR ECRMC’S AGENTS OR CONTRACTORS EXCEPT AS OTHERWISE SET FORTH IN THIS AGREEMENT. EXCEPT AS EXPRESSLY

SET FORTH IN THIS AGREEMENT, ECRMC HAS NOT MADE, DOES NOT MAKE AND

SPECIFICALLY NEGATES AND DISCLAIMS ANY REPRESENTATIONS, WARRANTIES

OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER

EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE OF, AS TO,

CONCERNING OR WITH RESPECT TO THE PROPERTY OR ANY OTHER MATTER WHATSOEVER. IVHD IS A SOPHISTICATED BUYER WHO IS FAMILIAR WITH THE

OWNERSHIP AND OPERATION OF REAL PROPERTY AND BUSINESS SIMILAR TO THE

ASSETS, AND IVHD HAS HAD ADEQUATE OPPORTUNITY OR WILL HAVE

ADEQUATE OPPORTUNITY PRIOR TO CLOSING TO COMPLETE ALL PHYSICAL AND

FINANCIAL EXAMINATIONS RELATING TO THE ACQUISITION OF THE ASSETS

HEREUNDER IT DEEMS NECESSARY, AND WILL ACQUIRE THE SAME SOLELY ON

THE BASIS OF AND IN RELIANCE UPON SUCH EXAMINATIONS AND THE TITLE INSURANCE PROTECTION AFFORDED BY IVHD’S TITLE POLICY AND NOT ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY ECRMC.

3.27 ECRMC’s Knowledge. References in this Agreement to “ECRMC’s Knowledge” means the actual knowledge of ECRMC’s Chief Executive Officer, Chief Financial Officer, Chief Human Resources Officer, and Chief Nursing Officer after reasonable inquiry of their direct reports.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF IVHD
As an inducement to Sellers to enter into this Agreement and to consummate the Transaction, IVHD hereby represents and warrants to Sellers as to the following matters as of the date of this Agreement and as of the Closing Date:

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4.1 Authorization. IVHD has full power and authority to enter into this Agreement and has full power and authority to perform its obligations hereunder and to carry out the Transaction.

No additional internal consents are required in order for IVHD to perform its obligations and agreements hereunder.

4.2 Binding Agreement. This Agreement has been duly and validly executed and delivered by IVHD and, assuming due and valid execution by Sellers, this Agreement constitutes a valid and binding obligation of IVHD enforceable in accordance with its terms subject to (a) applicable bankruptcy, reorganization, insolvency, moratorium and other laws affecting creditors’ rights generally from time to time in effect, and (b) limitations on the enforcement of equitable remedies.

4.3 Organization and Good Standing. IVHD is a local healthcare district and political subdivision of the State of California duly organized, validly existing and in good standing under the Laws of the State of California, is duly authorized to transact business in the State of California, and has full power and authority to own, operate and lease its properties and to carry on its business as now conducted.

4.4 No Violation. Except as set forth in Disclosure Schedule 4.4, neither the execution and delivery by IVHD of this Agreement nor the consummation of the Transaction nor compliance with any of the material provisions hereof by IVHD will (a) violate, conflict with or result in a breach of any material provision of the Articles of Incorporation, Bylaws or other organizational documents of IVHD or any contract, lease or other instrument by which IVHD is bound, (b) require any approval or consent of, or filing with, any Governmental Entity, (c) violate any Law, rule, regulation, or ordinance to which IVHD is or may be subject, or (d) violate any judgment, order or decree of any court or other Governmental Entity to which IVHD is subject.

4.5 Brokers and Finders. Neither IVHD nor any Affiliate thereof nor any officer or director thereof has engaged any finder or broker in connection with the Transaction.

4.6 Legal Proceedings. There are no claims, proceedings or investigations pending or, to IVHD’s Knowledge, threatened relating to or affecting IVHD or any Affiliate of IVHD before any court or Governmental Entity in which an adverse determination would adversely affect IVHD’s ability to consummate the Transaction. Neither IVHD nor any Affiliate of IVHD is subject to any judgment, order, decree or other governmental restriction specifically (as distinct from generically) applicable to IVHD or any Affiliate of IVHD which would adversely affect IVHD’s ability to consummate the Transaction.

4.7 Ability to Perform. IVHD is solvent and (a) is able to pay its debts as they become due; (b) owns property that has a fair saleable value greater than the amounts required to pay its debts (including a reasonable estimate of the amount of all contingent Liabilities); and (c) has adequate capital to carry on its business. IVHD has not incurred, nor plans to incur, debts beyond its ability to pay as they become absolute and matured.

4.8 IVHD Knowledge. References in this Agreement to “IVHD’s Knowledge” means the actual knowledge of the IVHD Board Chair and the actual knowledge of the IVHD President and Chief Executive Officer after reasonable inquiry of their direct reports.

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4.9 Independent Investigation. IVHD has conducted its own independent investigation, review and analysis of the Hospital, Facilities, the Business and the Assets, and acknowledges that it has been provided adequate access to the personnel, properties, assets, premises, books and records, and other documents and data of Sellers for such purpose. IVHD acknowledges and agrees that: (a) in making its decision to enter into this Agreement and to consummate the Transaction, IVHD has relied solely upon its own investigation and the express representations and warranties of Sellers set forth in Article III and Article III of this Agreement (including related portions of the Disclosure Schedules); and (b) neither Sellers nor any other Person has made any representation or warranty as to Sellers, the Business, the Assets or this Agreement, except as expressly set forth in Article III or Article III of this Agreement (including the related portions of the Disclosure Schedules).

ARTICLE V

PRE-CLOSING COVENANTS

5.1 Information; Inspections. Upon reasonable advance notice, ECRMC will (i) afford to the officers and agents of IVHD (which will include accountants, attorneys, bankers and other consultants and authorized agents of IVHD) reasonable access during normal business hours, the right to inspect, the books, accounts, records and other relevant documents and information related to the Business as IVHD may reasonably request, and (ii) furnish IVHD, at IVHD’s sole cost and expense, copies of such additional financial and operating data and other information in ECRMC’s possession related to the Business as IVHD or its representatives may from time to time reasonably request; provided, however, that ECRMC will not be obligated to disclose information that (a) is proprietary to ECRMC, (b) would, in ECRMC’s reasonable discretion, cause significant competitive harm to ECRMC or the Business if the Transaction is not consummated, or (c) contravene any applicable Law, fiduciary duty or binding agreement entered into prior to the date of this Agreement; provided, further, that all disclosures of information will be consistent with the confidentiality agreements and any other non-disclosure agreements entered into among IVHD, its representatives and Sellers or their representatives. IVHD’s right of access and inspection will be exercised in such a manner as not to interfere with the operations of ECRMC or the Business.

5.2 Cooperation and Consents.
(a) The Parties will reasonably cooperate with each other and their respective authorized representatives and attorneys in: (i) all efforts to obtain all consents, approvals, authorizations, clearances and licenses required to carry out the Transaction (including those of Governmental Entities), and (ii) the preparation of any document or other material which may be required by any Governmental Entity as a predicate to or result of the Transaction. (b) ECRMC will use its commercially reasonable efforts to obtain, prior to the Closing Date, the Required Third Party Consents; provided, however, that ECRMC will not be required to expend funds or incur additional Liability as a condition or requirement to obtaining a Required Third Party Consent (other than any administrative review fee as may be expressly provided in an Assigned Contract or Assigned Lease and payable to the contract party or landlord in connection with providing such a consent).

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5.3 Business Operations. Prior to the Effective Time, ECRMC will continue to operate the Business only in, and ECRMC shall not take any action except in, the Ordinary Course of Business, or except as otherwise required by this Agreement or consented to in writing by IVHD.

With respect to the operations of the Business, and except as otherwise required by this Agreement or consented to in writing by IVHD, ECRMC shall:
(a) preserve intact the Assets in the Ordinary Course of Business and shall not voluntarily discontinue the operations of the Business; (b) use commercially reasonable efforts to keep available the services of Business Employees and to preserve the current relationships of the Business with such of the patients, suppliers, physicians and other persons with which Sellers have significant business relations in order to preserve substantially intact the Business; (c) maintain in effect the insurance coverages with respect to the Assets; (d) perform ECRMC’s material obligations under all Assigned Contracts with respect to the Assets;
(e) permit and allow reasonable access by IVHD and its representatives to make offers of post-Closing employment to ECRMC’s personnel and to establish relationships with physicians, medical staff and others having business relations with ECRMC, provided that any written materials will be approved by Sellers prior to being sent, and provided, however, that such actions by IVHD do not unreasonably interfere with ECRMC’s operation of the Business; (f) timely file or cause to be filed all material reports, notices and tax returns required to be filed; and
(g) use commercially reasonable efforts to maintain all existing material approvals, permits and environmental permits relating to the Hospital.

5.4 Negative Covenants.
(a) Until the Effective Time, with respect to the operations of the Business, except as may be required by Law or in the Ordinary Course of Business, ECRMC shall not, and shall not cause or permit any of Sellers’ Affiliates, officers, directors, city councilmembers, or employees, directly or indirectly, take, or agree to take, any of the following actions with respect to the Business or the Assets, without the prior written consent of IVHD (which will not be unreasonably withheld, conditioned, or delayed):
(i) acquire (including, without limitation, by merger, consolidation or acquisition of stock or assets) for or in connection with the Business any interest in any corporation, partnership, other business organization, person or any division thereof or any assets; (ii) incur any indebtedness for borrowed money or issue any debt securities or assume, guarantee or endorse, or otherwise as an accommodation become responsible for, the obligations of any person for borrowed money, or otherwise create, assume or permit to exist any new material debt or other Encumbrance;

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(iii) amend or terminate any of the Assigned Contracts or Assigned Leases or incur or agree to incur any Liability;
(iv) increase compensation payable or to become payable, or make any bonus payment to or otherwise enter into one or more bonus agreements with, or grant any rights to severance or termination pay to, or enter into any employment or severance agreement with, any employee, or establish, adopt, enter into or amend any collective bargaining, profit sharing, thrift, compensation, pension, retirement, deferred compensation, employment, termination, severance or other plan, agreement, trust, fund, policy or arrangement for the benefit of any employee;
(v) sell, pledge, dispose of, grant, transfer, lease, license, guarantee, encumber, or authorize the sale, pledge, disposition, grant, transfer, lease, license, guarantee or encumbrance of the Business or any of the Assets;
(vi) modify any material accounting policies, procedures or methods; (vii) take any action or fail to take any action that could result in a Material Adverse Effect;
(viii) sell, transfer, assign any of the Owned Real Property, Tenant Leases, or Lessor Leases;
(ix) adopt, enter into, modify, amend or terminate any (i) employment, severance, retention or other agreement with any current or former employee, officer, director, independent contractor or consultant; (ii) Benefit Plan, or (iii) collective bargaining or other agreement with a Union, in each case whether written or oral, except (i) as provided in Sections

5.4 and 5.4; (ii) as required pursuant to the terms of the applicable plan or agreement or applicable Law; or (iii) to the extent it would not result in any liability on the part of IVHD or ECRMC or any of their Affiliates following the Closing Date;
(x) except as required pursuant to the terms of a Benefit Plan or by Law (i) grant of any bonuses, whether monetary or otherwise, or increase in any wages, salary, severance, pension or other compensation or benefits in respect of its current or former employees, officers, directors, independent contractors or consultants; (ii) change in the terms of employment for any employee or any termination of any employees for which the aggregate costs and expenses would increase more than a de minimis amount; or (iii) take action to accelerate the vesting or payment of any compensation or benefit for any current or former employee, officer, director, independent contractor or consultant;
(xi) fail to pay when due any material liabilities or discharge any duties under any Benefit Plan;
(xii) amend, modify, or terminate the Trust Agreement or Installment Purchase Agreement;
(xiii) take any action that would cause the Bonds to be refunded or refinanced; or

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(xiv) permit or cause any of ECRMC’s Affiliates to do any of the actions set forth in this Section 5.4 or agree or commit to take any of the actions set forth in this Section

5.4. (b) ECRMC shall give prompt written notice to IVHD of (i) any notice or other communication from any person alleging that the consent of such person is or may be required in connection with the consummation of the transactions contemplated by this Agreement; (ii) any notice or other communication from any Governmental Entity in connection with the transactions contemplated by this Agreement; (iii) any notice or other communication of any actions, suits, claims, investigations or proceedings commenced or, to ECRMC’s Knowledge, threatened against, relating to or involving or otherwise affecting the Business or the Assets or the transactions contemplated by this Agreement; and (iv) the occurrence of a breach or default under this Agreement.
(c) Notwithstanding any provision to the contrary contained in this Agreement, neither Section 5.3 nor this Section 5.4 will be construed to prohibit ECRMC from engaging in any act in the Ordinary Course of Business or which ECRMC reasonably believes is necessary (i) to preserve and protect the condition or continued operations of the Business, (ii) for patient safety needs, or (iii) to comply with the requirements of any Laws. ECRMC will give IVHD prompt written notice subsequent to taking any act described in the immediately preceding sentence.

5.5 Title Matters. At any time prior to the date that is thirty (30) days before the Closing Date, IVHD may cause to be delivered to Sellers: (a) a preliminary binder or title commitment(s) (the “Title Commitment”) sufficient for the issuance of an ALTA Extended Coverage Owner’s Title Insurance Policy with respect to the Owned Real Property, subject to all Permitted Exceptions (the “Owner’s Title Policy”) and, if applicable, an ALTA Extended Coverage Leasehold Title Policy in a form approved for issuance in California with respect to any Leased Real Property (the “Leasehold Title Policy”) (the Owner’s Title Policy and the Leasehold Title Policy are collectively referred to in this Agreement as the “Title Policy”), issued by First American Title Insurance Company (the “Title Company”), together with true, correct and legible (or, if not legible, the best available) copies of all instruments referred to therein as conditions or exceptions to title (the “Title Instruments”), and (b) an ALTA survey or surveys of the Owned Real Property complying with the Minimum Standard Detail Requirements for ALTA/ACSM Land Title Surveys for the Owned Real Property in a form reasonably acceptable to IVHD and the Title Company (the “Surveys”).

The costs and expenses of the Title Commitment, the Title Policy and the Surveys will be borne by IVHD. At any time prior to the date that is thirty (30) days before the Closing Date, IVHD may make written objections (“Objections”) to the form and contents of the Title Commitment (“Objection Notice”). Upon receipt of an Objection Notice, Sellers shall have five (5) business days (“Objection Response Notice Date”) after the receipt of such Objection Notice (“Objection Response”) to notify IVHD that either (i) Sellers will remove or cause to be removed such objectionable exceptions from title on or before the Closing Date or (ii) Sellers shall not cause such Objections to be removed. If the Objections pertain to matters that would reasonably be expected to prevent IVHD from continuing to operate the Facilities and Business in substantially the same manner as they were operated as of the date of the Objection Notice upon exercising commercially reasonable efforts, IVHD shall have ten (10) business days from the receipt of the Objection Response or if Sellers fail to deliver an Objection Response, ten (10) business days from

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the Objection Response Notice Date, to elect to terminate the Agreement, or waive the Objections and proceed to Closing. At the Closing, the City will deliver to the Title Company an owner’s affidavit of title (the “Owner’s Affidavit”) in a form reasonably acceptable to the City and the Title Company and adequate to cause Title Company to delete the standard pre-printed exceptions in the Title Commitment (other than as and to the extent such deletion requires the delivery to Title Company of an ALTA survey approved by Title Company, and the City will have no duty hereunder to provide such a survey). It is understood that IVHD may request a number of endorsements to the Title Policy and the issuance of such endorsements shall not be a condition to Closing.

5.6 Employee Matters.
(a) ECRMC will terminate all of the Business Employees, effective immediately prior to the Closing and will pay all accrued wages to all ECRMC employees owed through termination, unreimbursed expenses to all ECRMC employees owed through termination, severance payments due only to the executives who do not accept offers of employment with IVHD (if any) (understanding that all other applicable executives shall have waived their rights to severance as a result of the Closing as a condition to Closing), and any other amounts to all ECRMC employees owed through termination (the “Closing Payroll Payments”), other than the Accrued PTO of Carryover Employees as provided in Section 5.6(c). (b) IVHD shall make offers of employment, effective as of the Effective Time, to all Business Employees who, immediately prior to the Closing, are employees of ECRMC in good standing. At least forty-five (45) days prior to the Closing, ECRMC shall provide to IVHD a list of all the Business Employees who are ineligible to be hired by IVHD. At least thirty (30) days prior to Closing, IVHD shall send an offer letter to all eligible Business Employees. Any of the Business Employees who accept an offer of employment with IVHD as of or after the Effective Time shall be referred to in this Agreement as the “Hired Employees.” (c) ECRMC will give Hired Employees the option to receive upon termination either payment of their Accrued PTO, or a carryover of their Accrued PTO to IVHD. ECRMC shall seek consents for any such carryover of Accrued PTO and provide copies to IVHD prior to Closing. IVHD shall give all Hired Employees who provide such consent (the “Carryover Employees”), at the start of their employment with IVHD, the Accrued PTO reflected in their employment records of ECRMC immediately prior to the Closing and projected as of the Effective Time. The decision as to whether to receive a credit or payment for the Accrued PTO shall be solely that of the individual Hired Employee. Hired Employees that do not elect to carryover their Accrued PTO and Business Employees who do not become Hired Employees shall receive full payment by ECRMC of their Accrued PTO on the Closing Date. Subject to the last sentence of Section 5.6(f), IVHD further agrees that each Hired Employee will be given full credit for his or her tenure at ECRMC for vesting and all other purposes under IVHD’s benefit plans at ECRMC and employment policies but only to the extent that tenure is already taken into account by IVHD under its existing policies and existing benefit plans and offered cash compensation packages that, in the aggregate (taking into account base salary and opportunities for bonuses), are no less than the cash compensation packages such Hired Employee received from ECRMC immediately prior to the Closing Date. IVHD shall provide coverage for the Hired Employees and their eligible dependents under IVHD’s group medical, dental and vision benefit plans to be effective as of the

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Effective Time without any waiting periods. IVHD shall use its reasonable best efforts to cause there to be waived any pre-existing condition, actively at work requirements, waiting periods and any other similar restriction with respect to all other welfare-type insurance benefits offered by IVHD in order for the coverage with respect to the Hired Employees (and their eligible dependents, if applicable) to be effective on or as soon as possible following the Effective Time to ensure that there are no material gaps in coverage experienced by the Hired Employees. (d) After the Closing Date, IVHD’s human resources department (which may include Hired Employees that were Business Employees prior to the Closing) will provide reasonable assistance to ECRMC (including personnel support) with respect to effectuating any post-Closing administration, wind-down and liquidation of all Benefit Plans other than the ECRMC Pension Plan as may be required in connection with the Transaction. Within five (5) days after the Closing Date, IVHD shall provide to Sellers a list of all the Business Employees who were not hired by IVHD, including those who were offered employment by IVHD but who refused such employment (the “Terminated Employees”), along with a list of all Hired Employees (which such list IVHD shall periodically update).
(e) Without limiting the generalities of the foregoing, with respect to the El Centro Regional Medical Center Retirement Income Plan (“ECRMC Pension Plan”), IVHD shall assume sponsorship of the ECRMC Pension Plan from ECRMC with such assumption of sponsorship to be effective as of the Closing Date. Prior to Closing, ECRMC shall (i) by action of its Board of Directors adopt a resolution to, contingent on Closing and effective on the Closing Date, cease further benefit accruals under the ECRMC Pension Plan, (ii) take such action that is necessary and appropriate to cause the transfer of sponsorship of the ECRMC Pension Plan to IVHD to be effective as of the Closing Date, and (iii) obtain all consents and authorizations including any required consents and authorizations from any Governmental Authority or union necessary for such transfer of sponsorship to occur. No later than 30 days prior to Closing, ECRMC shall provide to IVHD draft documents, including plan and trust document amendments, effectuating (i) through (iii) of the preceding sentence and the form of such documents shall be subject to review and approval of IVHD. IVHD shall maintain the assumed ECRMC Pension Plan for such period as may be required by any Memorandum of Understanding or pursuant to applicable Law, provided, however, that any Memorandum of Understanding may not override or conflict with the terms of the ECRMC Pension Plan. The Parties shall cooperate and use commercially reasonable efforts to ensure that the transfer of sponsorship of the ECRMC Pension Plan is conducted in a manner that complies with the terms of all applicable Laws and shall exchange any necessary participant records (e.g., addresses for both current and former participants) and account information and engage recordkeepers, third party administrators and other third parties required to properly facilitate the transactions contemplated under this Section

5.4. For the avoidance of doubt, the sole Benefit Plan for which sponsorship shall be transferred from ECRMC to IVHD is the ECRMC Pension Plan.
(f) With respect to each Benefit Plan that is a defined contribution plan qualified under Section 401(a) of the Code or an eligible deferred compensation plan under Section 457(b) of the Code (each an “ECRMC Defined Contribution Plan”), ECRMC shall, prior to Closing, by action of its Board of Directors adopt resolutions, contingent on Closing, that terminate the ECRMC Defined Contribution Plans effective no later than the Closing Date. ECRMC shall also take all such other action that is necessary and appropriate to terminate the ECRMC Defined

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Contribution Plans including, without limitation drafting plan and trust document amendments, and to obtain all consents and authorizations, including any required consents and authorizations from any Governmental Authority or union necessary for such terminations to occur. No later than 30 days prior to Closing, ECRMC shall provide to IVHD draft documents, including plan and trust document amendments, effectuating the termination of the ECRMC Defined Contribution Plans and the form of such documents shall be subject to review and approval of IVHD. Hired Employees will be eligible to participate in any defined contribution retirement plans sponsored by IVHD in accordance with the terms and conditions of those plans. For purposes of eligibility to participate (but not vesting) under the defined contribution retirement plans sponsored by IVHD, IVHD shall provide each Hired Employee full credit under each plan for their tenure with ECRMC prior to the Closing; provided, that such tenure shall not be credited to the extent that it would result in a duplication of benefits.
(g) In addition to terminating the ECRMC Defined Contribution Plans, unless directed otherwise by IVHD, ECRMC shall, prior to Closing, timely adopt resolutions of the Board of Directors that, contingent on the Closing, amend and terminate all other Benefit Plans then sponsored by ECRMC (the “Terminating Benefit Plans”). No later than 30 days prior to Closing, ECRMC shall provide to IVHD draft documents, including plan and, to the extent applicable, trust document amendments, effectuating the termination of the Terminating Benefit Plans and the form of such documents shall be subject to review and approval of IVHD. ECRMC shall take all such other action that is necessary and appropriate to terminate the Terminating Benefit Plans and shall obtain all consents and authorizations, including any required consents and authorizations from any Governmental Authority or union necessary for such terminations to occur. (h) IVHD acknowledges receipt of ECRMC’s memorandums of understanding set forth on Schedule 5.6(g) (the “Memorandums of Understanding”) and has reviewed their terms and conditions. At the Effective Time, IVHD will assume and be obligated by the Memorandums of Understanding and recognize the unions that are party to such Memorandums of Understanding as the collective bargaining representative of the applicable Hired Employees. IVHD will, not less than twenty-one (21) days prior to the Closing Date, provide to ECRMC, who will thereafter provide the unions that are party to the Memorandums of Understanding, with the name, address and designated representative of the entity that, following the Closing, is employing the Hired Employees that are covered by the Memorandums of Understanding. Notwithstanding anything to the contrary in this Agreement, all changes made by IVHD to the terms and conditions of employment of union-represented Hired Employees will be subject to the terms and conditions of the Memorandum of Understanding(s) covering such Hired Employees, and IVHD will indemnify, defend and hold harmless the Sellers in connection therewith. (i) IVHD will be solely responsible for complying with WARN and all other obligations under applicable Law requiring notice of plant closings, relocations, mass layoffs, reductions in force or similar actions (and for any failures to so comply), in any case applicable to the Business Employees, including as towards any Business Employees who do not become a Hired Employee for any reason. Notwithstanding the foregoing, IVHD will not, at any time prior to ninety (90) days after the Effective Time, effectuate a “plant closing” or “mass layoff,” as those terms are defined in WARN, affecting in whole or in part any site of employment, facility, operating unit or Business Employee, without notifying Sellers in advance and without complying with the notice requirements and other provisions of WARN. With respect to terminations of

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Hired Employees on or after the Effective Time, IVHD will be responsible for any notification required under WARN.
(j) If ECRMC’s group health plan is terminated in connection with the transactions contemplated by this Agreement, IVHD shall provide COBRA, to the extent required by Healthcare Laws, to all “M&A qualified beneficiaries” as defined in Treasury Regulations Section 54.4980B-9.
(k) The provisions of this Section 5.6 are solely for the benefit of the Parties, and no employee or former employee or any other individual associated therewith or any employee benefit plan or trustee thereof will be regarded for any purpose as a third-party beneficiary of this Agreement, and nothing herein will be construed as an amendment to any employee benefit plan for any purpose.
(l) To facilitate compliance with this Section 5.6, ECRMC will provide updated information described in Section 3.12(a) upon IVHD’s reasonable request.

5.7 Waiver of Bulk Sales Law Compliance. IVHD hereby waives compliance by Sellers with the requirements, if any, of Article 6 of the Uniform Commercial Code as in force in any state in which the Assets are located and all other Laws applicable to bulk sales and transfers.

5.8 Regulatory Efforts.
(a) Except as noted in Section 5.8Error! Reference source not found. below, IVHD is responsible for all filings with and requests to Governmental Entities necessary to enable IVHD to operate the Business at and after the Closing Date, including but not limited to filings with the California Department of Public Health for facility licensure, with the California Board of Pharmacy for pharmacy licensure, and with the Medicare Administrative Contractor for the change of ownership for Medicare, including acceptance of assignment of the Medicare provider agreement. Notwithstanding the foregoing, IVHD and ECRMC will work collaboratively and in good faith in the preparation of such filings.
(b) As soon as practicable after the Effective Date, ECRMC and IVHD will each prepare and submit their respective Notices of a Material Change Transaction (the “OHCA Notices”) to the Office of Health Care Affordability under the California Department of Health Care Access and Information (“OHCA”). The Parties will use commercially reasonable efforts to assist and respond to each other, as needed, both in preparation for filing the OHCA Notices and for any additional responses requested from OHCA. Prior to either Party submitting their OHCA Notice or any additional responses, the other Party shall be provided with a reasonable period to review and shall consider in good faith and incorporate any such reasonable comments from the other Party. Each Party shall promptly notify the other Party of any substantive communications from or with OHCA related to the OHCA Notices or any cost and market impact review that OHCA determines is required under Cal. Code Regs. tit. 22, § 97441 (the “CMIR”) and shall promptly provide the other Party with copies of any such communications. Each Party shall timely respond to all requests from OHCA for additional information and/or documentation related to the OHCA Notices, the Transaction, or the CMIR. ECRMC and IVHD shall each bear their respective costs and expenses of preparing and submitting the OHCA Notices and any additional responses

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requested from OHCA. No Party will participate (or agree to participate) in any substantive meeting or discussion with OHCA regarding the OHCA Notice, the Transaction, or the CMIR unless it consults the other Parties in advance, and, to the extent permitted by OHCA, gives the other Parties the reasonable opportunity to attend and participate in such meeting or discussion to the extent permitted by Law.
(c) The Parties will keep each other apprised of the status of matters relating to the completion of the Transaction and use reasonable best efforts to resolve the objections, if any, that the FTC, the Antitrust Division of the Justice Department or any applicable state antitrust enforcement authorities may assert under any antitrust Law with respect to the Transaction including:
(i) furnishing to the other Party or its outside counsel all information within its possession that is reasonably required for any application or other filing to be made by the other Party pursuant to any antitrust Law in connection with the Transaction; (ii) to the extent not prohibited by applicable Law, promptly notifying each other of any substantive communications from or with the FTC, the Antitrust Division of the Justice Department or any applicable state antitrust enforcement authorities to the extent relating to the antitrust aspects of the Transaction;
(iii) to the extent not prohibited by applicable Law, not participating (or agreeing to participate) in any substantive meeting or discussion with the FTC, the Antitrust Division of the Justice Department or any applicable state antitrust enforcement authorities to the extent relating to obtaining such clearances, approvals, or consents (including any discussion relating to the antitrust merits, any potential remedies, commitments or undertakings or the timing of the Closing), unless it consults with the other Party in advance, and to the extent permitted by such Governmental Entity, gives the other Party the reasonable opportunity to attend and participate thereat to the extent permitted by Law;
(iv) consulting and cooperating with one another in connection with all analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made or submitted by or on behalf of any Party in connection with Proceedings under or any other antitrust Law to the extent relating to obtaining such clearances, approvals, consents or orders; and (v) delivering to the other Party’s outside counsel copies of all substantive documents furnished to any Governmental Entity under any antitrust Law, provided that, such providing Party, in its reasonable discretion may require that such counsel not deliver, reproduce or share such documents with its client or its client’s other outside Representatives.

5.9 Cash-on-Hand. ECRMC will use commercially reasonable efforts to maintain at least Five Million Dollars ($5,000,000.00) of cash-on-hand (after, for the avoidance of doubt, payment of the Closing Payroll Payments and Closing Payments), and accounts payable at levels consistent with past practices.

5.10 Line of Credit. Prior to the Closing, ECRMC will cooperate with IVHD in the negotiation of a three (3) year, Fifteen Million Dollar ($15,000,000.00) line of credit agreement

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on terms and conditions reasonably satisfactory to IVHD (the “LOC”). For the avoidance of doubt, the City and ECRMC will not guarantee, co-sign, or have any Liability with respect to the LOC.

5.11 Transfer of Bond Obligations and Requirements of Transfer. (a) The Parties shall use commercially reasonable efforts to seek and obtain consent of the Authority, the Trustee and a majority in aggregate principal amount of the Owners of the Bonds (the “Majority Owners”) to transfer, modify, and assign the City’s obligations (the “Bond Obligations”) under the (i) Installment Purchase Agreement, a copy of which is attached as Exhibit 5.11(a), (ii) Trust Agreement, and (iii) all other documents related to the Bonds (hereinafter collectively referred to as the “Bond Documents”). The Sellers’ obligations pursuant to this Section 5.11(a) shall not include any requirement for the Sellers to contribute any funds (other than as otherwise contemplated by this Agreement) to any person, including the Majority Owners, to facilitate the consummation of the Transaction other than the payment of ordinary fees and expenses of the Sellers’ counsel in connection with the negotiation of this Agreement and consummation of the Transaction. Such transfer, modification, and assignment shall include the release of Sellers from any and all existing and future Bond Obligations (b) Subject to the provisions of Section 5.11(a) above:
(i) the Sellers shall transfer, modify, and assign the Bond Obligations to IVHD upon Sellers receiving the consent of the Authority, Trustee and the Majority Owners on terms acceptable to IVHD in its sole discretion, subject to the release of Sellers as described in Section 5.11(a) and complying with the following requirements as set forth in Section 5.01 of the Installment Purchase Agreement (as such requirements may be amended for purposes of the Transaction):
(i) the Authority, the Trustee, and IVHD shall have received an Opinion of Bond Counsel to the effect that such transfer contemplated in this Agreement will not cause the interest on the Bonds to be included in gross income for federal income tax purposes under Section 103 of the Code;
(ii) IVHD: (A) assumes in writing all of the obligations of the City under the Installment Purchase Agreement and the Trust Agreement and agrees to fulfill and comply with the terms, covenants and conditions thereof as modified; (B) is not, after such transaction, otherwise in default under any provision of such Installment Purchase Agreement or the Trust Agreement, as modified; (C) complies with applicable Law; and (D) is a California healthcare district;
(iii) the Trustee and the Authority shall have received an Opinion of Counsel to the effect that the assignment or transfer of the Installment Purchase Agreement constitutes the legal, valid and binding obligations of IVHD, enforceable against IVHD in accordance with its respective terms; and
(iv) Trustee and Authority shall have received such other documents as may be required by the Trust Agreement and the Installment Purchase Agreement, as modified and all other conditions precedent to such assumption as required by the Trust Agreement and the Installment Purchase Agreement, as modified will have been satisfied.

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(c) If Sellers and IVHD are unable to satisfy the conditions of Section 5.11(b) hereof, IVHD, in its sole and absolute discretion, may nonetheless proceed to close the Transaction if it determines that it can issue revenue bonds to acquire all or a portion of the Assets on terms and conditions satisfactory to IVHD in its sole and absolute discretion (the “Acquisition Revenue Bonds”) in order to defease the Bonds as of the Closing. (d) Sellers shall cooperate with IVHD and provide any documentation or information required to effect the transactions related to the Bonds contemplated in this Agreement.

5.12 Supplement to Disclosure Schedule. During the period commencing on the Effective Date and ending on the earlier to occur of the Closing or termination of this Agreement (the “Interim Period”) each of the Parties, as applicable, shall have the right (but not the obligation) to supplement or amend the Disclosure Schedules with respect to any matter hereafter arising after the Effective Date (each a “Disclosure Schedule Supplement”). Any disclosure in any such Disclosure Schedule Supplement shall not be deemed to have cured any inaccuracy in or breach of any representation or warranty contained in this Agreement.

ARTICLE VI

CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLERS
Sellers’ obligation to sell the Assets and to close the Transaction will be subject to the satisfaction of each of the following conditions on or prior to the Closing Date unless specifically waived in writing by each Seller in whole or in part at or prior to the Closing:

6.1 Signing and Delivery of Instruments. IVHD will have executed and delivered all documents, instruments and certificates required to be executed and delivered pursuant to the provisions of this Agreement.

6.2 No Restraints. No temporary restraining order, preliminary or permanent injunction or other order preventing the consummation of the Transaction have been issued by any court of competent jurisdiction or any other Governmental Entity and remain in effect on the Closing Date.

6.3 Representations and Warranties; Performance of Covenants. The representations and warranties of IVHD contained in this Agreement will be true and correct when made except where the failure of such representations has not had and would not reasonably be expected to have a Material Adverse Effect. Each and all of the terms, covenants, and agreements in this Agreement to be complied with or performed by IVHD on or before the Closing Date will have been complied with and performed by IVHD, except where the failure to perform or comply with such term, covenants, and agreements has not had and would not reasonably be expected to have a Material Adverse Effect.

6.4 Required Consents.
(a) ECRMC will have received all Required Third Party Consents to the assignment to IVHD of those certain Assumed Leases and Assumed Contracts.

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(b) All Required Governmental Consents will have been received as of the Effective Time.
(c) The City will have received all necessary consents, including that of the Authority and the Majority Owners for the transfer of the Bond Obligations to IVHD; and copies of all documents necessary to effectuate the transfer of the Bond Obligations to IVHD and to completely and forever release the Sellers.

6.5 Pioneers Bonds. Pioneers Memorial Healthcare District (“PMHD”) issued its Pioneers Memorial Healthcare District Revenue Bonds, Series 2017, in the original aggregate amount of $15,640,000 (the “Pioneers Bonds”) pursuant to the Indenture dated December 1, 2017 (the “Pioneers Indenture”), as amended, between PMHD and U.S. Bank National Association and IVHD has assumed the Pioneers Bonds, the Pioneers Indenture, and all related documents (collectively, the “Pioneers Bond Documents”). IVHD shall have received necessary consents to the modifications, amendments and restatements of the Pioneers Bond Documents, or shall have refunded or refinanced the Pioneers Bonds in order to permit (a) the transfer of the Bonds to IVHD or (b) the issuance of the Acquisition Revenue Bonds by IVHD and the assumption of the Assumed Liabilities.

6.6 Distressed Hospital Debt. IVHD shall have received necessary consents in order to permit the transfer of the Pioneers Distressed Hospital Debt to IVHD and the assumption of the Assumed Liabilities.

6.7 CHFFA Loans. IVHD shall have received necessary consents in order to permit the transfer of any outstanding loans to the Sellers from the California Health Facilities Financing Authority to IVHD and the assumption of the Assumed Liabilities.

6.8 Bridge Loan. IVHD shall have received necessary consents in order to permit the transfer of any outstanding loans to the Sellers in respect of the 2022 $5.6M bridge loan to IVHD and the assumption of the Assumed Liabilities.

6.9 UC San Diego Health Release. The Joint Powers and Affiliation Agreement by and between UC San Diego Health and Sellers shall have been terminated and Sellers shall have been released from any obligations thereunder.

ARTICLE VII

CONDITIONS PRECEDENT TO OBLIGATIONS OF IVHD
IVHD’s obligation to purchase the Assets and to close the Transaction will be subject to the satisfaction of each of the following conditions on or prior to the Closing Date unless specifically waived in writing by IVHD in whole or in part at or prior to the Closing.

7.1 Signing and Delivery of Instruments. Sellers will have executed and delivered all documents, instruments and certificates required to be executed and delivered pursuant to the provisions of this Agreement.

7.2 No Restraints. No temporary restraining order, preliminary or permanent injunction or other order preventing the consummation of the Transaction will have been issued

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El Centro City CouncilJune 24, 2025

El Centro City Council
June 24, 2025