Agenda packet — Escondido City Council, May 14, 2025 (part 1 of 3)

CITY of ESCONDIDO
Council Meeting Agenda
WEDNESDAY, MAY 14, 2025
4:00 PM - Closed Session (Parkview Conference Room)
5:00 PM - Regular Session
Escondido City Council Chambers, 201 North Broadway, Escondido, CA 92025

WELCOME TO YOUR CITY COUNCIL MEETING
We welcome your interest and involvement in the legislative process of Escondido. This agenda includes information about topics coming before the City Council and the action recommended by City staff.

MAYOR
Dane White

DEPUTY MAYOR
Consuelo Martinez (District 1)

COUNCILMEMBERS
Joe Garcia (District 2)
Christian Garcia (District 3)
Judy Fitzgerald (District 4)

CITY MANAGER
Sean McGlynn

CITY ATTORNEY
Michael McGuinness

CITY CLERK
Zack Beck

HOW TO WATCH
The City of Escondido provides three ways to watch a City Council meeting:

In Person On TV Online
201 N. Broadway Cox Cable Channel 19 and U-verse Channel 99 www.escondido.gov 1 Wednesday, May 14, 2025

HOW TO PARTICIPATE
The City of Escondido provides two ways to communicate with the City Council during a meeting:

In Person In Writing

Fill out Speaker Slip and Submit to City Clerk escondido-ca.municodemeetings.com

ASSISTANCE PROVIDED
If you need special assistance to participate in this meeting, please contact our ADA Coordinator at 760-839-4869.

Notification 48 hours prior to the meeting will enable to city to make reasonable arrangements to ensure accessibility. Listening devices are available for the hearing impaired – please see the City Clerk.

2 Wednesday, May 14, 2025

CLOSED SESSION
4:00 PM

CALL TO ORDER

1. Roll Call: Fitzgerald, C. Garcia, J. Garcia, Martinez, White

ORAL COMMUNICATIONS
In addition to speaking during particular agenda items, the public may address the Council on any item which is not on the agenda provided the item is within the subject matter jurisdiction of the City Council. State law prohibits the Council from discussing or taking action on such items, but the matter may be referred to the City Manager/staff or scheduled on a subsequent agenda. Speakers are limited to only one opportunity to address the Council under Oral Communications.

CLOSED SESSION

I. CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Government Code § 54956.8) (a) Property: 340 N. Escondido Blvd, Escondido (California Center for the Arts, Escondido) Agency Negotiator: Sean McGlynn, City Manager, or designees Negotiating Party: California Center for the Arts Foundation Under Negotiation: Terms of Management Agreement

II. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION (Government Code § 54956.9(d)(4)) (a) One Matter

III. CONFERFENCE WITH LABOR NEGOTIATORS (Government Code § 54957.6) (a) Agency Representative: Sean McGlynn, City Manager, or designees Employee Organization: Escondido City Employees’ Association, Supervisory Bargaining Unit (b) Agency Representative: Sean McGlynn, City Manager, or designees Employee Organization: Teamsters Local 911, Maintenance and Operations Bargaining Unit and Administrative/Clerical/Engineering Bargaining Unit

ADJOURNMENT

3 Wednesday, May 14, 2025

REGULAR SESSION
5:00 PM Regular Session
Mobilehome Rent Review Board

MOMENT OF REFLECTION
City Council agendas allow an opportunity for a moment of silence and reflection at the beginning of the evening meeting. The City does not participate in the selection of speakers for this portion of the agenda, and does not endorse or sanction any remar ks made by individuals during this time. If you wish to be recognized during this portion of the agenda, please notify the City Clerk in advance.

FLAG SALUTE
The City Council conducts the Pledge of Allegiance at the beginning of every City Council meeting.

CALL TO ORDER
Roll Call: Fitzgerald, C. Garcia, J. Garcia, Martinez, White

PROCLAMATION
Economic Development Week - May 12-16, 2025

CLOSED SESSION REPORT

CONSENT CALENDAR
Items on the Consent Calendar are not discussed individually and are approved in a single motion. However, Council members always have the option to have an item considered separately, either on their own request or at the request of staff or a member of the public.

1. AFFIDAVITS OF PUBLICATION, MAILING, AND POSTING (COUNCIL/RRB) 4 Wednesday, May 14, 2025

2. APPROVAL OF WARRANT REGISTER
Request the City Council approve the City Council and Housing Successor Agency warrants issued between April 28, 2025 to May 4, 2025.

Staff Recommendation: Approval (Finance Department: Christina Holmes, Director of Finance)

3. APPROVAL OF MINUTES: Regular meetings of April 16, 2025 and May 7, 2025

4. WAIVER OF READING OF ORDINANCES AND RESOLUTIONS

5. THE CITY OF ESCONDIDO’S INVESTMENT POLICY
Request the City Council adopt Resolution No. 2025-49 approving the City of Escondido’s May 2025 Investment Policy.

Staff Recommendation: Approval (Finance Department: Douglas Shultz, City Treasurer) Presenter: Douglas Shultz, City Treasurer
a) Resolution No. 2025-49

6. TREASURER’S INVESTMENT REPORT FOR THE QUARTER ENDED MARCH 31, 2025 Request the City Council approve the Quarterly Investment Report for the quarter ended March 31, 2025.

Staff Recommendation: Approval (Finance Department: Douglas Shultz, City Treasurer) Presenter: Douglas Shultz, City Treasurer

7. PL25-0044 - 2024 GENERAL PLAN ANNUAL PROGRESS REPORT Request the City Council receive and file the 2024 calendar year General Plan Annual Progress Report.

Staff Recommendation: Receive and File (Development Services Department: Christopher W. McKinney, Deputy City Manager/Interim Director of Development Services) Presenter: Pricila Roldan, Associate Planner

5 Wednesday, May 14, 2025

8. AWARD CONSTRUCTION CONTRACT FOR THE LIBRARY INFRASTRUCTURE IMPROVEMENT PROJECT

AND AUTHORIZE STAFF TO PROCESS CHANGE ORDERS UP TO TWENTY PERCENT OF THE CONTRACT

AWARD AMOUNT
Request the City Council adopt Resolution No. 2025-55 awarding a construction contract for the Library Infrastructure Improvement Project to Southwest Construction Services Inc., in the amount of $6,266,583.82, authorizing the Mayor, on behalf of the City, to execute a Public Improvement Agreement with Southwest Construction Services, Inc. to complete the base bid work items plus the additive alternate bid items No. 32 through No. 37, and authorize the Director of Public Works to approve change orders not to exceed 20% of the contract amount.

Staff Recommendation: Approval (Public Works Department: Joseph Goulart, Director of Public Works) Presenter: Ed Vasquez, Project Manager
a) Resolution No. 2025-55

9. DONATION OF ONE SURPLUS FIRE ENGINE
Request the City Council to approve the donation of a surplus fire engine to Palomar College Foundation for training purposes.

Staff Recommendation: Approval (Fire Department: John Tenger, Fire Chief) Presenter: John Tenger, Fire Chief

PUBLIC HEARINGS

10. CONSIDER AN UNCODIFIED ORDINANCE ADOPTING THE STATE OF CALIFORNIA FIRE HAZARD SEVERITY ZONE (FHSZ) MAP PURSUANT TO GOVERNMENT CODE 51179
Request the City Council adopt Ordinance 2025-03 designating Fire Hazard Severity Zones in accordance with the Office of the State Fire Marshal update and Government Code 51179.

Staff Recommendation: Approval (Fire Department: John Tenger, Fire Chief) Presenter: La Vona Koretke, Fire Marshal
a) Ordinance No. 2025-03 (First Reading and Introduction)

6 Wednesday, May 14, 2025

11. APPROVAL OF THE ESCONDIDO POLICE DEPARTMENT MILITARY EQUIPMENT REPORT AND ADOPTION OF ORDINANCE NO. 2025-02
Request the City Council adopt Ordinance No. 2025-02 approving the Escondido Police Department Annual Military Equipment Report in accordance with state law requirements as set for in Assembly Bill No. 481 (AB 481).

Staff Recommendation: Approval (Police Department: Ryan Banks, Interim Chief of Police) Presenters: Ryan Banks, Interim Chief of Police; Erik Witholt, Police Captain; and Lisa Rodelo, Assistant Director of Police Support Services
a) Ordinance No. 2025-02 (First Reading and Introduction)

12. SHORT-FORM RENT INCREASE APPLICATION FOR GREENCREST MOBILE HOMEPARK Request the City Council, serving in its role as the City of Escondido Mobilehome Rent Review Board: (1) review and consider Greencrest Mobilehome Park’s Short-Form Application and (2) adopt Mobilehome Rent Review Board Resolution No. RBR 2025-53.

Staff Recommendation: Approval (Development Services Department: Christopher McKinney, Deputy City Manager/Interim Director of Development Services)
Presenters: Carlos Cervantes, Management Analyst and Stephen Jacobson, Code Compliance Officer II a) RRB Resolution No. 2025-53

13. SHORT-FORM RENT INCREASE APPLICATION FOR EASTWOOD MEADOWS HOMEPARK Request the City Council, serving in its role as the City of Escondido Mobilehome Rent Review Board: (1) review and consider Eastwood Meadows Mobilehome Park Short-Form Application; and (2) adopt the Rent Review Board Resolution No. RRB 2025-52.

Staff Recommendation: Approval (Development Services Department: Christopher McKinney, Deputy City Manager/Interim Director of Development Services)
Presenters: Carlos Cervantes, Management Analyst; Stephen Jacobson, Code Compliance Officer II a) RRB Resolution No. 2025-52

7 Wednesday, May 14, 2025

WORKSHOP

14. USER AND REGULATORY FEE STUDY WORKSHOP
Request the City Council provide direction regarding Fiscal Year 2025/26 User Fee increases.

Staff Recommendation: Provide Direction (Finance Department: Christina Holmes, Director of Finance) Presenter: Christina Holmes, Director of Finance

CURRENT BUSINESS

15. FISCAL YEAR 2024/25 THIRD QUARTER FINANCIAL STATUS REPORT Request the City Council receive and file the third quarter financial report for Fiscal Year 2024/25.

Staff Recommendation: Approval (Finance Department: Christina Holmes, Director of Finance) Presenter: Christina Holmes, Director of Finance

16. BOARD AND COMMISSION MAKEUP INTERVIEWS
Request the City Council conduct make-up interviews of applicants to fill vacancies on the City's Boards and Commissions.

Staff Recommendation: None (City Clerk’s Office: Zack Beck) Presenter: Zack Beck, City Clerk

FUTURE AGENDA

17. FUTURE AGENDA
The purpose of this item is to identify issues presently known to staff or which members of the City Council wish to place on an upcoming City Council agenda. Council comment on these future agenda items is limited by California Government Code Section 54954.2 to clarifying questions, brief announcements, or requests for factual information in connection with an item when it is discussed.

Staff Recommendation: None (City Clerk's Office: Zack Beck)

COUNCILMEMBERS SUBCOMMITTEE REPORTS AND OTHER REPORTS
CITY MANAGER’S REPORT
The most current information from the City Manager regarding Economic Development, Capital Improvement Projects, Public Safety, and Community Development.

8 Wednesday, May 14, 2025

ADJOURNMENT

UPCOMING MEETING SCHEDULE
Wednesday, May 21, 2025 4:00 & 5:00 PM Closed Session, Regular Meeting, Council Chambers Wednesday, June 04, 2025 4:00 & 5:00 PM Closed Session, Regular Meeting, Council Chambers

SUCCESSOR AGENCY
Members of the Escondido City Council also sit as the Successor Agency to the Community Development Commission, Escondido Joint Powers Financing Authority, and the Mobilehome Rent Review Board.

9 Consent Item No. 1 May 14, 2025

A F F I D A V I T S

I T E M

P O S T I N G –

 ADOPTION OF THE STATE OF CALIFORNIA FIRE HAZARD

SEVERITY ZONE (FHSZ) MAP PURSUANT TO GOVERNMENT
CODE 51179

 APPROVAL OF RENEWAL OF THE ESCONDIDO POLICE
DEPARTMENT MILITARY ORDINANCE NO. 2025-02
APPROVING DEPARTMENT INSTRUCTION 1.55, MILITARY

EQUIPMENT USE POLICY, IN ACCORDANCE WITH NEWLY

ESTABLISHED STATE LAW REQUIREMENTS AS SET FORTH IN
ASSEMBLY BILL NO. 481
10 Item1.

CIT

Y OF ESCONDIDO

OFFICE OF THE CITY CLERK
201 NORTH BROADWAY
ESCONDIDO, CA 92025-2798
(760) 839-4617

NOTICE OF PUBLIC HEARING
NO
TICE IS HEREBY GIVEN on WEDNESDAY, MAY 14, 2025 at 5 p.m., the Escondido City Council of the City of Escondido will hold a Public Hearing to consider the following item:

ADOPTION OF THE STATE OF CALIFORNIA FIRE HAZARD SEVERITY ZONE (FHSZ) MAP PURSUANT TO GOVERNMENT CODE 51179
O
n March 24, 2025, Cal Fire unveiled the latest Fire Hazard Severity Zone map for Southern California, highlighting areas in Escondido most vulnerable to wildfires. Zones are classified into moderate, high, and very high wildfire hazard severity levels.

During the Public Hearing, Escondido Fire Department staff will present information detailing:
x New construction in high and very high zones must adhere to ignition-resistant building standards.
x Property sellers in the high, in addition to the very high hazard severity zone, must disclose the designation in real estate transactions and an inspection is required by the fire department. x The map is not expected to impact insurance coverage, as insurance companies have their own model that takes risk and other factors into account, according to Cal Fire.

IF YOU CHALLENGE this item in court, you may be limited to raising only those issues you or someone else raised at the Public Hearing described in this notice, or in written correspondence delivered to the City Council, at or prior to the Public Hearing.

The City of Escondido recognizes its obligation to provide equal access to public services for those individuals with disabilities. Please contact the American Disabilities Act (A.D.A.) Coordinator (760) 839- 4376 with any requests for reasonable accommodations, to include sign language interpreters, at least 24 hours prior to the meeting. The City of Escondido does not discriminate against any person with a handicapped status.

ALL INTERESTED PERSONS are invited to attend said Public Hearing to express their opinion in this matter. Said Public Hearing will be held in the Council Chambers, 201 N. Broadway, Escondido, California, 92025.

PUBLIC COMMENT: To submit comments in writing, please do so at the following link: https://escondido- ca.municodemeetings.com/bc-citycouncil/webform/public-comment.

FO
R ADDITIONAL INFORMATION, please contact La V ona Koretke, Deputy Fire Marshal (760) 839- 5415.

ZACK BECK, City Clerk
City of Escondido
May 1, 2025

Published in THE ESCONDIDO TIMES ADVOCATE: 5/1/25 11
Item1.

CIT

Y OF ESCONDIDO

OFFICE OF THE CITY CLERK
201 NORTH BROADWAY
ESCONDIDO, CA 92025-2798
(760) 839-4617

NOTICE OF PUBLIC HEARING
NO
TICE IS HEREBY GIVEN on WEDNESDAY, MAY 14, 2025 at 5 p.m., the Escondido City Council of the City of Escondido will hold a Public Hearing to consider the following item:

APPROVAL OF RENEWAL OF THE ESCONDIDO POLICE DEPARTMENT MILITARY ORDINANCE NO. 2025-02 APPROVING DEPARTMENT INSTRUCT ION 1.55, MILITARY EQUIPMENT USE POLICY,

IN ACCORDANCE WITH NEWLY ESTABLISHED STATE LAW REQUIREMENTS AS SET FORTH IN ASSEMBLY BILL NO. 481.

The As
sembly Bill No. 481 Draft Policy is posted on the Escondido Police Department (EPD) website at https://www.escondido.gov/172/PoliceCA
Durin
g the Public Hearing, Escondido Police Department staff will present information detailing:
x Definition of military equipment
x EPD’s equipment inventory
x EPD’s proposed equipment funding, acquisition, and use policy x Pending annual report requirement
IF YOU CHALLENGE this item in court, you may be lim ited to raising only those issues you or someone else raised at the Public Hearing described in this notice, or in written correspondence delivered to the City Council, at or prior to the Public Hearing.

The City of Escondido recognizes its obligation to provide equal access to pu blic services for those individuals with disabilities. Please contact the Am erican Disabilities Act (A.D .A.) Coordinator (760) 839- 4376 with any requests for reasonable accommodations, to include sign language interpreters, at least 24 hours prior to the meeting. The City of Escondid o does not discriminate against any person with a handicapped status.

PUBLIC COMMENT: To submit comments in writing, pl ease do so at the following link: https://escondido- ca.municodemeetings.com/bc-citycouncil/webform/public-comment.

FOR ADDITIONAL INFO
RMATION, please contact Erik Witholt, Police Captain (760) 839-4763.

ZACK
BECK, City Clerk
City of Escondido
April 10, 2025

Published in THE ESCONDIDO TIMES-ADVOCATE: 4/10/25
12 Item1.

STAFF REPORT

May 14, 2025
File Number 0400-40

SUBJECT

APPROVAL OF WARRANT REGISTER

DEPARTMENT
Finance

RECOMMENDATION
Approval for City Council and Housing Successor Agency warrants issued between April 28, 2025 to May 4, 2025
Staff Recommendation: Approval (Finance Department: Christina Holmes) ESSENTIAL SERVICE – Internal requirement per Municipal Code Section 10 COUNCIL PRIORITY –

FISCAL ANALYSIS
The total amount of the warrants for the following periods are as follows:

Dates 04/28/2025 to 05/04/2025
Total $1,951,849.91
Number of Warrants 212

BACKGROUND
The Escondido Municipal Code Section 10-49 states that warrants or checks may be issued and paid prior to audit by the City Council, provided the warrants or checks are certified and approved by the Director of Finance as conforming to the current budget. These warrants or checks must then be ratified and approved by the City Council at the next regular Council meeting. 13 Item2.

April 16, 2025 Escondido City Council Minutes Page 1 of 5

REGULAR SESSION
5:00 PM Regular Session

MOMENT OF REFLECTION
City Council agendas allow an opportunity for a moment of silence and reflection at the beginning of the evening meeting. The City does not participate in the selection of speakers for this portion of the agenda, and does not endorse or sanction any remarks made by individuals during this time. If you wish to be recognized during this portion of the agenda, please notify the City Clerk in advance.

FLAG SALUTE
The City Council conducts the Pledge of Allegiance at the beginning of every City Council meeting.

CALL TO ORDER
Roll Call: Fitzgerald, C. Garcia, J. Garcia, Martinez, White

PROCLAMATIONS
Volunteer Appreciation Month
Fair Housing Month

ORAL COMMUNICATIONS

CONSENT CALENDAR
Motion: C. Garcia, Second: Martinez; Approved: 5-0

1. AFFIDAVITS OF PUBLICATION, MAILING, AND POSTING (COUNCIL/RRB)

2. APPROVAL OF WARRANT REGISTER
Request the City Council approve the City Council and Housing Successor Agency warrants issued between March 31, 2025 to April 6, 2025.

Staff Recommendation: Approval (Finance Department: Christina Holmes, Director of Finance)

3. APPROVAL OF MINUTES: Special Meeting of March 5, 2025, Regular Meetings of March 19, 2025, March 26, 2025, April 2, 2025, and April 9, 2025
14 Item3.

April 16, 2025 Escondido City Council Minutes Page 2 of 5

4. WAIVER OF READING OF ORDINANCES AND RESOLUTIONS

5. SECOND AMENDMENT TO MATRIX CONSULTING GROUP, LTD. IN THE AMOUNT OF $300,000 FOR THE DEVELOPMENT SERVICES STREAMLINING PROJECT Request the City Council approve the Second Amendment to the Consulting Services Agreement with Matrix Consulting Group, Ltd. in the amount of $300,000 for the Development Services Streamlining Project and authorize a Budget Adjustment. (File Number 0600-10; A-3537-2)
Staff Recommendation: Approval (Development Services Department: Christopher W.

McKinney, Deputy City Manager/Interim Director of Development Services) Presenter: Megan Crooks, Management Analyst II
a) Resolution No. 2025-31

6. PL24-0358 – OUT-OF-AGENCY SEWER SERVICE AGREEMENT FOR 455 BEAR VALLEY

PARKWAY
Request the City Council adopt Resolution No. 2025-35, authorizing the Mayor to execute an Out-of-Agency Sewer Service Agreement for an approximate 1.37-acre unincorporated property located at 455 Bear Valley Parkway (APN 239-051-03-00). (File Number 0600-10; A- 3549)
Staff Recommendation: Approval (Development Services Department: Christopher W.

McKinney, Deputy City Manager/Interim Director of Development Services) Presenter: Robert Barry, Senior Planner
a) Resolution No. 2025-35

7. REQUEST FOR AUTHORIZATION TO FILE A SMART GROWTH INCENTIVE PROGRAM GRANT

APPLICATION FOR GRANT FUNDS AND ACCEPTANCE OF TERMS OF GRANT AGREEMENT Request the City Council adopt Resolution No. 2025-32, authorizing the Development Services Department to submit an application for the Smart Growth Incentive Program grant application and accept the terms of the grant agreement. (File Number 0430-20) Staff Recommendation: Approval (Development Services Department: Christopher W.

McKinney, Deputy City Manager/Interim Director of Development Services) Presenter: Jonathan Schauble, City Engineer and Veronica Morones, City Planner a) Resolution No. 2025-32
15 Item3.

April 16, 2025 Escondido City Council Minutes Page 3 of 5

8. CONTINUING THE EMERGENCY REPAIR OF THE ESCONDIDO TRUNK SEWER MAIN Request the City Council adopt Resolution No. 2025-30, declaring that pursuant to the terms of Section 22050 of the California Public Contract Code, the City Council finds there is a need to continue the emergency repair of the Escondido Trunk Sewer Main. The resolution, which must be passed by four-fifths vote, also declares that public interest and necessity demand the immediate expenditure to safeguard life, health, or property. (File Number 1330-85) Staff Recommendation: Approval (Utilities Department: Angela Morrow, Director of Utilities) Presenter: Stephanie Roman, Assistant Director of Utilities, Construction and Engineering a) Resolution No. 2025-30

9. CONSULTING AGREEMENT WITH NATIONAL PUBLIC SAFETY GROUP Request the City Council adopt Resolution No. 2025-34 approving a consulting agreement with National Public Safety Group in the amount of $282,428 for a needs assessment, assistance with procurement, and project management of a new Computer Aided Dispatch (“CAD”) system; and authorize the Mayor to execute contract documents on behalf of the City. (File Number 0600-10; A-3551)
Staff Recommendation: Approval (Police Department: Ryan Banks, Interim Chief of Police) Presenters: Ryan Banks, Interim Chief of Police and Erik Witholt, Police Captain a) Resolution No. 2025-34

10. FIRST AMENDMENT TO SETTLEMENT AGREEMENT AND CONSENT TO RECORDATION OF

SECOND AMENDED EASEMENT DEED
Request the City Council adopt Resolution No. 2025-36 (1) giving the City Manager authority to execute a First Amendment to Settlement Agreement in the City of Escondido v. Patterson Litigation; and (2) consenting to and accepting a Second Amended Easement Deed in real property for recordation with the San Diego County Assessor/Recorder/County Clerk. (File Number 0600-10; A-3552)
Staff Recommendation: Approval (City Attorney’s Office: Michael McGuinness, City Attorney) Presenter: Michael McGuinness, City Attorney
a) Resolution No. 2025-36

PUBLIC HEARING
16 Item3.

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11. FISCAL YEAR 2025-2029 FIVE-YEAR CONSOLIDATED PLAN AND FISCAL YEAR 2025-2026 ONE-

YEAR ACTION PLAN FOR CDBG AND HOME FUNDS
Request the City Council of the City of Escondido conduct a public hearing to approve new community development, housing, and homeless priorities to be adopted in the 2025-2029 Five-Year Consolidated Plan. Approve an allocation process for Fiscal Year 2025-2026 CDBG funds. Authorize the release of a Request for Proposals (“RFP”) for public service and community redevelopment activities. Approve an allocation process for Fiscal Year 2025-2026 HOME funds and approve an allocation process for Fiscal Year 2025-2026 ESG funds, if applicable. (File Number 0680-87)
Staff Recommendation: Approval (Development Services Department: Chris McKinney, Deputy City Manager/Interim Director of Development Services) Presenter: Danielle Lopez, Housing & Neighborhood Services Manager Motion: J. Garcia; Second: Fitzgerald; Approved: 5-0

CURRENT BUSINESS

12. TEMPORARY RELOCATION OF LIBRARY SERVICES
Request the City Council approve $828,000 in funding for the expenses associated with the temporary relocation of Library Services during the Escondido Public Library Critical Infrastructure and Modernization Project. (File Number 0600-10; A-3548) Staff Recommendation: Approval (Community Services Department & Economic Development: Jennifer Schoeneck, Director of Economic Development) Councilmember Fitzgerald recused herself and left the dais Presenters: Robert Rhoades, Assistant Director of Community Services and Francisco Vargas, Management Analyst
a) Resolution No. 2025-33
b) Resolution No. 2025-26
c) Resolution No. 2025-39
Motion: C. Garcia; Second: White; Approved: 4-0 (Fitzgerald – Recused)

FUTURE AGENDA
17 Item3.

April 16, 2025 Escondido City Council Minutes Page 5 of 5

13. FUTURE AGENDA
The purpose of this item is to identify issues presently known to staff or which members of the City Council wish to place on an upcoming City Council agenda. Council comment on these future agenda items is limited by California Government Code Section 54954.2 to clarifying questions, brief announcements, or requests for factual information in connection with an item when it is discussed.

Staff Recommendation: None (City Clerk's Office: Zack Beck)

ORAL COMMUNICATIONS

ADJOURNMENT
Mayor White adjourned the meeting at 6:25 p.m.

______________________________ _______________________________

MAYOR CITY CLERK

18 Item3.

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CLOSED SESSION
4:00 PM

CALL TO ORDER

1. Roll Call: Fitzgerald, C. Garcia, J. Garcia, Martinez, White

ORAL COMMUNICATIONS
None

CLOSED SESSION

I. CONFERENCE WITH LABOR NEGOTIATORS (Government Code § 54957.6)

a. Agency Representative: Sean McGlynn, City Manager, or designee Employee Organization: Teamsters Local 911, Maintenance and Operations Bargaining Unit and Administrative / Clerical / Engineering Bargaining Unit b. Agency Representative: Sean McGlynn, City Manager, or designee Employee Organization: Escondido City Employees’ Association, Supervisory Bargaining Unit

ADJOURNMENT

Mayor White adjourned the meeting at 4:40 p.m.

______________________________ _______________________________

MAYOR CITY CLERK

19 Item3.

May 7, 2025 Escondido City Council Minutes Page 2 of 5

REGULAR SESSION
5:00 PM Regular Session

MOMENT OF REFLECTION
City Council agendas allow an opportunity for a moment of silence and reflection at the beginning of the evening meeting. The City does not participate in the selection of speakers for this portion of the agenda, and does not endorse or sanction any remarks made by individuals during this time. If you wish to be recognized during this portion of the agenda, please notify the City Clerk in advance.

FLAG SALUTE
The City Council conducts the Pledge of Allegiance at the beginning of every City Council meeting.

CALL TO ORDER
Roll Call: Fitzgerald, C. Garcia, J. Garcia, Martinez, White

PROCLAMATIONS
Drinking Water Week and Water Awareness Month
Professional Municipal Clerks Week: May 4th - May 10th, 2025

CLOSED SESSION REPORT

ORAL COMMUNICATIONS
None.

CONSENT CALENDAR
Motion: J. Garcia; Second: C. Garcia; Approved: 5-0

1. AFFIDAVITS OF PUBLICATION, MAILING, AND POSTING (COUNCIL/RRB)

2. APPROVAL OF WARRANT REGISTER
Request the City Council and Housing Successor Agency warrants issued between April 7, 2025 to April 27, 2025
20 Item3.

May 7, 2025 Escondido City Council Minutes Page 3 of 5

Staff Recommendation: Approval (Finance Department: Christina Holmes, Director of Finance)

3. APPROVAL OF MINUTES: None

4. WAIVER OF READING OF ORDINANCES AND RESOLUTIONS

5. CONTINUING THE EMERGENCY REPAIR OF THE ESCONDIDO TRUNK SEWER MAIN Request the City Council adopt Resolution No. 2025-38, declaring that pursuant to the terms of Section 22050 of the California Public Contract Code, the City Council finds there is a need to continue the emergency repair of the Escondido Trunk Sewer Main. (File Number 1330-850 Staff Recommendation: Approval (Utilities Department: Angela Morrow, Director of Utilities) Presenter: Kyle Morgan, Assistant Director of Utilities, Wastewater a) Resolution No. 2025-38

6. FIRST AMENDMENT TO GLENN A. RICK ENGINEERING AND DEVELOPMENT CO. IN THE AMOUNT OF $125,000 FOR ON-CALL PLANNING SERVICES
Request the City Council approve the First Amendment to the Consulting Services Agreement with Glenn A. Rick Engineering and Development Co. in the amount of $125,000 for On-call Planning Services. (File Number 0600-10; A-3515-1)
Staff Recommendation: Approval (Development Services Department: Christopher W.

McKinney, Deputy City Manager/Interim Director of Development Services) Presenter: Veronica Morones, City Planner
a) Resolution No. 2025-37

7. REQUEST APPROVAL FOR CONTRACT AMENDMENT TO THE CONSULTING AGREEMENT WITH KIMLEY HORN AND ASSOCIATES, INC. FOR THE JOHN MASSON MEMORIAL BIKE PARK

PROJECT
Request the City Council adopt Resolution No. 2025-46, authorizing the Mayor, on behalf of the City, to execute Amendment No. 2 to the consulting services agreement with Kimley Horn and Associates, Inc. for project management, and design services in the amount of $65,525. (File Number 0600-10; A-3553-2)
Staff Recommendation: Approval (Development Services Department: Christopher W.

McKinney, Deputy City Manager/Interim Director of Development Services and Jonathan Schauble, City Engineer)
Presenter: Michael Tully, Project Manager
21 Item3.

May 7, 2025 Escondido City Council Minutes Page 4 of 5

a) Resolution No. 2025-46

8. APPROVE CONTRACT AMENDMENTS FOR THE CITRACADO PARKWAY EXTENSION PROJECT Request the City Council adopt Resolution No. 2025-44 authorizing Amendment 9 to the consultant contract with Perennial Environmental I, LLC., in the amount of $260,190.84, and Resolution No. 2025-45 authorizing Amendment 8 to the consultant contract with TY Lin International in the amount of $98,220 for the Citracado Parkway Extension Project (“Project”). (File Number 0600-10; A-3058-9; A-3325-8)
Staff Recommendation: Approval (Development Services Department: Christopher W.

McKinney, Deputy City Manager/Interim Director of Development Services and Jonathan Schauble, City Engineer)
Presenter: Matthew Souttere, Project Manager
a) Resolution No. 2025-44
b) Resolution No. 2025-45

CONSENT RESOLUTIONS AND ORDINANCES (COUNCIL/RRB)
The following Resolutions and Ordinances were heard and acted upon by the City Council/RRB at a previous City Council/Mobilehome Rent Review meeting. (The title of Ordinances listed on the Consent Calendar are deemed to have been read and further reading waived.)

9. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ESCONDIDO, CALIFORNIA, APPROVING THE 2024 OMNIBUS ZONING CODE UPDATE THAT AMENDS VARIOUS ARTICLES

OF THE ESCONDIDO ZONING CODE AND ONE AMENDMENT TO THE ESCONDIDO

SUBDIVISION ORDINANCE
Approved on April 9, 2025 with a vote count of 5/0.
a) Ordinance No. 2025-01 (Second Reading and Adoption)

CURRENT BUSINESS

10. BATTERY ENERGY STORAGE SYSTEMS WITHIN THE CITY OF ESCONDIDO Request the City Council receive the informational presentation provided by staff and provide direction to staff on next steps related to (1) Development of regulation (if any) surrounding battery energy storage systems; (2) The in-place interim urgency ordinance prohibiting new commercial battery energy storage systems. (File Number 0810-30) 22 Item3.

May 7, 2025 Escondido City Council Minutes Page 5 of 5

Staff Recommendation: Receive and File (Development Services Department: Christopher W.

McKinney, Deputy City Manager/Interim Director of Development Services) Presenter: Veronica Morones, City Planner

11. BOARD AND COMMISSION INTERVIEWS
Request the City Council conduct interviews of applicants to fill vacancies on the City's Boards and Commissions. (File Number 0120-10)
Staff Recommendation: None (City Clerk’s Office: Zack Beck, City Clerk) Presenter: Zack Beck, City Clerk

FUTURE AGENDA

12. FUTURE AGENDA
The purpose of this item is to identify issues presently known to staff or which members of the City Council wish to place on an upcoming City Council agenda. Council comment on these future agenda items is limited by California Government Code Section 54954.2 to clarifying questions, brief announcements, or requests for factual information in connection with an item when it is discussed.

Staff Recommendation: None (City Clerk's Office: Zack Beck)

ORAL COMMUNICATIONS

ADJOURNMENT
Mayor White adjourned the meeting at 6:25 p.m.

______________________________ _______________________________

MAYOR CITY CLERK
23 Item3.
24 Item4.

STAFF REPORT

May 14, 2025
File Number 0110-10

SUBJECT
THE CITY OF ESCONDIDO’S INVESTMENT POLICY

DEPARTMENT
City Treasurer

RECOMMENDATION
Request the City Council adopt Resolution No. 202 5-49 approving the City of Escondido ’s May 202 5 Investment Policy.

Staff Recommendation: Approval (Department Name: Douglas Shultz, City Treasurer) Presenter: Douglas Shultz, City Treasurer
ESSENTIAL SERVICE – Yes, Internal Requirement
COUNCIL PRIORITY – Eliminate Structural Deficit

PREVIOUS ACTION
The last adoption of the Investment Policy was on May 8, 2024, with the Resolution No. 2024-53.

BACKGROUND
In compliance with California Government Code Section 53646, the City Treasurer may annually present the City’s Investment Policy to the legislative body at a public meeting to reaffirm or make any changes to the existing policy. The Investment Policy provides the City with guidelines for the investment of City funds. The Policy’s guidelines set forth the investment selection criteria of safety, liquidity, and yield.

The City of Escondido’s May 202 4 Investment Policy has been deemed current and up -to-date per the California Debt and Investment Advisory Commission (“CDIAC”) Local Agency Investment Guidelines. The May 2023 Investment Policy was also submitted to the California Municipal Treasurer’s Association who certified that the City of Escondido’s Investment Policy complies with the current State statutes governing the investment practices of local government entities with the State of California.

There are no changes from the City of Escondido’s May 202 4 Investment Policy to the May 202 5 Investment Policy. The Escondido Municipal Code vests authority for and control of investments to the City Treasurer. Responsibility for the investment program is delegated by the City Council to the City 25 Item5.

Treasurer, during the annual Investment Policy Update. The City Council may renew the delegation of authority each year. Attached as Exhibit “A” to Resolution No. 2025-49 is the May 2025 Investment Policy for the City Council review and approval.

RESOLUTIONS
a) Resolution No. 2025-49
b) Resolution No. 2025-49— Exhibit “A” — May 2025 Investment Policy

26 Item5.

RESOLUTION NO. 2025-49

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, ADOPTING THE CITY OF
ESCONDIDO'S INVESTMENT POLICY DATED MAY 2025

WHEREAS, the City Council has previously adopted annual Investment Policies pursuant to the requirements of the California Government Code; and
WHEREAS, the City of Escondido’s May 2025 Investment Policy is in accordance with Government Code Section 53601 and meets Association of Public Treasurers of the United States & Canada (“APT US & C”) Investment Policy Certification standards; and
WHEREAS, the City Council desires at this time, and deems it to be in the best public interest, to adopt the City of Escondido's May 2025 Investment Policy, a copy of which is attached as Exhibit “A” and is incorporated by this reference.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Escondido, California , as follows:

1. That the above recitations are true.

2. That the City Council hereby adopts the City of Escondido's May 202 5 Investment Policy which is attached to this Resolution as Exhibit “A” and incorporated by this reference. 27 Item5.

Resolution No. 2025-49
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City of Escondido

INVESTMENT POLICY

May 2025

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TABLE OF CONTENTS
Page
I. Policy Statement ............................................................................................ 1 II. Scope ........................................................................................................... 1 III. Prudence ......................................................................................... 1-2 IV. Investment Objectives ................................................................................. 2-3 V. Executive Investment Committee .................................................................... 3 VI. Required Reporting ........................................................................................ 3 VII. Authorized Financial Institutions and Broker/Dealers ...................................... 4-5 VIII. Safekeeping and Custody .............................................................................. 5 IX. Accountability and Authority ........................................................................... 5 X. Ethics and Conflicts of Interest ........................................................................ 5 XI. Internal Control ............................................................................................. 6 XII. Authorized and Suitable Investments .......................................................... 6-12 XIII. Maturity Goals ......................................................................................... 12-13 XIV. Policy Review ............................................................................................... 13 XV. Investment Procedures .................................................................................. 13 XVI. Investment Strategy and Performance Standards ............................................ 13 XVII. Investment Pools/Mutual Funds ..................................................................... 14 Appendix – Investment Procedure Manual .................................................. 15-19 Glossary of Terms .................................................................................... 20-25

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3 CITY OF ESCONDIDO

INVESTMENT POLICY
I. Policy Statement
This policy establishes the limits within which the City's investme nt program shall be conducted. Investment goa ls and objectives are defined. Qualified investment instrumentalities and reporting requirements are identified. Authority, accountab ility, audit control and procedures governing the investment program are delineated.

The investment policies and practices of the City of Escondido are based upon state law, city ordinance, and prudent money management.

II. Scope
This policy applies to the investment of all funds under the control of the City Treasurer.

These funds are accounted for in the City of Escondido’s Comprehensive Annual Financial Report and include:
 General Fund
 Special Revenue Funds
 Debt Service Funds
 Capital Project Funds
 Enterprise Funds
 Internal Service Funds
 Trust Funds

This policy does not apply to the Employees Deferred Compensation Fund and PERS funds, which are administered separately. Also, this investment policy does not apply stocks, bonds, or other securities donated to the Escondido Public Library until such time as the Library Board of Trustees determines to dispose of such securities

Bond proceeds shall be invested in the securities permitted by the applicable bond documents. If the bond documents are sil ent as to the permitted investments, the bond proceeds will be invested in the securities permitted by this Policy.

Notwithstanding the other provisions of this Policy, the percentage limitations listed in elsewhere in this Policy do not apply to bond proceeds.

III. Prudence

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4 Pursuant to California Government Code Section 53600.3, as amended, the City Council and all persons authorized to make investment decisions on behalf of the City are trustees of the public funds and therefore fiduciaries subjec t to the following prudent investor standard.

When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill prudence and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law.

The City Treasurer and oth er individuals who are assigned to manage the investment portfolio, when they are acting in accordance with the City’s investment policy, with written procedures and in reasonable reliance on existing California statutes and when they have properly exercised due diligence, will be relieved of personal responsibility for an individual security’s credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments.

IV. Investment Objectives
A. The criteria for selecting investments by order of priority shall be:

1. Safety. Safety of principal is the City of Escondido’s foremost objective.

Investments shall seek to ensure that capital losses resulting from institution default, broker-dealer default, or the erosion of market value are avoided. The City of Escondido shall seek to preserve principal by mitigating th e two types of risk: credit risk and market risk.
a. Credit risk, defined as the risk of loss due to failure of the issuer of a security, shall be mitigated by investing in only the highest quality securities (see authorized investments) and by diversifying the investment portfolio so that the failure of any one issuer would not unduly harm the City’s cash flow. b. Market risk, defined as the risk of market value fluctuations due to overall changes in the general level of interest rates, shall be mitigated by structuring the portfolio to eliminate the need to sell securities prior to maturity; and by prohibiting the taking of short positions, that is, selling securities that the City does not own. It is explicitly recognized, however, that in a diversified portfolio, occasional measured losses may occur, and must be considered within the context of overall investment return.
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5 2. Liquidity. The portfolio will be structured with sufficient liquidity to allow the City to meet expected cash requirements. The investment portfolio shall remain sufficiently liquid to ensure that projected expenditure require ments of the next six months can be met with a combination of anticipated revenues, maturing securities, and highly liquid investments and shall maintain a minimum level of short-term investments (one year or less) equivalent to 25% of the General Fund operating budget. The duration is also mentioned in the “Maturity” section.

3. Yield. In a manner consistent with the objectives of safety of principal and liquidity uppermost, a yield higher than the market rate of return shall be sought. The core of investments is limited to relatively low risk securities in anticipation of earning a fair return relative to the risk being assumed. Securities shall generally be held until maturity with the following exceptions:
 A security with declining credit may be sold early to minimize loss of principal.  A security swap would improve the quality, yield, or target duration in the portfolio.
 Liquidity needs of the portfolio require that the security be sold.

B. It shall be the policy of the City that all idle funds shall be invested consistent with providing adequate cash to meet the City's obligation.

V. Executive Investment Committee
The Executive Investment Committee will act in an advisory and oversight capacity to review and discuss investment portfolio management and investment policy compliance.

The City Manager, the City Treasurer, and the Finance Director will serve as permanent members of the Executive Investment Committee. Other members, as deemed necessary or desirable, may be appointed to the committee by the City Treasurer or the City Manager. The Treasury and Finance Department personnel shall serve as staff to the committee.

VI. Required Reporting
The City Treasurer or his designees shall report to the City Manager and City Council the following reports:

A. A monthly list of list of transactions.

B. Quarterly investment report (as per Government Code Section 53646) will include the type of investment, issuer, date of maturity, par, and dollar amount invested and market value for each security held by the City. The report shall state compliance of the portfolio to the statement of investment policy, or manner in which the portfolio is not in compliance. The report shall state the source of the market value valuation and include a statement denoting the ability to meet the City's expected expenditure

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6 requirements for the next six months. The quarterly report shall be submitted within 30 days of the end of the quarter.

C. An annual report setting forth a statement of investment policy.

VII. Authorized Financial Institutions and Broker/Dealers A. The following requirements only apply to purchases made directly by the City and not purchased directly from the issuer
B. General criteria for the selection of financial institutions and broker/dealers shall be developed by the City Treasurer and reviewed by the City Investment Committee.

C. Selection of financial institutions and broker/dealers shall be performed by authorized City staff under direction of the Executive Investment Committee. The City has an established formal procedure process in place for the selection of financial institutions and broker/dealers. As determined necessary by the Executive Investment Committee, the City will distribute a broker/dealer questionnaire to interested and known financial institutions and broker/dealers. The City Treasurer will maintain a list of qu alified broker/dealers authorized to provide investment services to the City of Escondido. The list may include primary or regional dealers that are credit worthy and qualify under the uniform net capital rule of the Securities & Exchange Commission Rule 15C3-1.

All financial institutions and broker/dealers who desire to provide investment services must participate in the City’s formal broker /dealer questionnaire process. To be considered, the financial institution or broker/dealers must supply the follo wing as appropriate:
 Completed broker/dealer questionnaire
 Proof of Financial Industry Regulatory Authority (FINRA) registration  License to conduct business in the state of California  Audited financial statements demonstrating compliance with state and fed eral capital adequacy guidelines
 Certification of having read and understood and agreeing to comply with the City of Escondido’s investment policy
 Evidence of adequate insurance coverage
Qualified broker/dealers selected to do business with the City shall submit annually a current audited financial statement.

After the annual adoption of the City’s Investment Policy by the City Council, a copy shall be sent to all broker/dealers approved to do business with the City. Confirmation of receipt of this policy shall be considered evidence that the dealer understands the City’s investment policies and intends to sell the City only appropriate investments authorized by this investment policy.
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7 D. General criteria for the selection of banks and savings and loan s into which the City shall invest its funds shall be developed by the City Treasurer and reviewed by the Executive Investment Committee subject to the limitations set forth in this policy.

E. Selection of specific institutions in which City funds may be invested shall be performed by authorized City staff under the direction of the Executive Investment Committee.

F. Institutions in which City funds may be invested shall be classified by the City Treasurer and reviewed by the Executive Investment Committee. The classification shall determine the maximum dollar amount allowable for investment in the specified institution.

G. If the City has contracted with an investment advisor to provide investment services, the investment advisor may use their own list of approved issuers, brokers/dealers and financial institutions with which to conduct transactions on the City’s behalf.

VIII. Safekeeping and Custody
To protect against potential losses by the collapse of individual securities dealers, all deliverable securities owned by the City shall be held in safekeeping by a third party bank trust department acting as agent for the City under the terms of a custody agreement executed by the bank and the City. All deliverable securities will be received and delivered using standard delivery versus payment (DVP) procedures.

IX. Accountability and Authority
A. The Escondido Municipal Code vests authority for and control of investments to the City Treasurer. Responsibility for the investment program is hereby delegated by the City Council to the C ity Treasurer, for a period of one -year, who shall thereafter assume full responsibility for the investment program until the delegation of authority is revoked. Subject to review, the City Council may renew the delegation of authority each year.

B. The City Treasurer may delegate the authority to conduct investment transactions to qualified and competent officials and employees of the City. Daily management responsibility of the investment program may be delegated to Treasury staff and/or the Finance Director who shall establish procedures for operation consistent with the investment policy.

C. The City Treasurer may utilize the services of an external investment advisor to assist with the investment program. The advisor shall act in a manner consistent with this Investment Policy and any written directions provided by the City Treasurer or other delegated officials per subsection B above . Furthermore, the advisor may not take possession of the City’s cash or securities. Such investment advisors must be registered under the Investment Advisers Act of 1940.

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8 X. Ethics and Conflicts of Interest
Officers and employee s involved in the investment process shall refrain from personal business activity that conflicts with proper execution of the investment program or impairs their ability to make impartial investment decisions. Additionally, the City Treasurer and the Finance Director are required to annually file a Statement of Economic Interest as mandated by Government Code Section 91013.

XI. Internal Control
The City Treasurer or his designee shall establish procedures for controlling daily investment transactions and monthly reconciliation of accounts. Separation of functions between the City Treasurer’s Office and the Finance Department is designed to provide an internal review to prevent the potential for converting asse ts or concealing transactions. The investment portfolio and all related transactions are balanced to appropriate general ledger accounts by the Finance Department on a monthly basis. Such procedures and controls shall be subject to review and comments by the City’s independent auditor.

XII. Authorized and Suitable Investments
A. Qualifying Investment Instruments Policy:

1. The following instruments are generally approved as qualifying investment instruments for City funds:
a. U.S. Treasury Obligations
b. U.S. Agency Securities
c. Municipal Securities
d. Supranationals
e. Negotiable Certificates of Deposit
f. Banker's Acceptances
g. Commercial Paper
h. Repurchase Agreements
i. Local Agency Investment Fund (LAIF) of the State of California j. Local Government Investment Pools
k. Bank Deposits
l. Placement Service Deposits
m. Medium-Term Notes
n. Asset-Backed Securities
o. Money Market Funds

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9 2. Within the qualified investment instrument listing, the Executive Investment Committee may further define, qualify, and restrict use of City investment monies.

3. Trading is prohibited when cash or liquid securities are not available to pay for the securities being purchased. The taking of short positions, that is, selling securities which the City does not own, is also prohibited.

4. Investments which exceed 5 years in maturity require that authority be granted by City Council before purchase. Writ ten authority of the City Council must be granted specifically or as part of an investment program no less than three months prior to the date of purchase (California Government Code Section 53601).

5. Callable agency securities (i.e. securities redeemable in part or in full by the issuer prior to the maturity date) shall not exceed 30% of the value of the portfolio.

Callable agency securities which have passed their final call date and are no longer callable will not be included when calculating the 30% limit.

6. The City may invest in floating-rate securities whose coupon resets are based upon a single fixed income index which would re presentative of an eligible investment (e.g. LIBOR, T-bill, prime, 2-year CMT), provided that the security is not leveraged (e.g. 2 times an index) or has a coupon that resets inversely to the underlying index.

B. Diversification by Type of Investment:

The City is governed by California Government Code, Sections 53600 (et seq.). It shall be the policy of the City that investments shall be diversified with respect to the type of investment instruments used. Percentage limitations and credit rating requirements listed in this policy apply at the time of purchase. If a security owned by the City is downgraded below the minimum credit rating required at purchase, the City Treasurer shall determine the course of action on a case-by-case basis considering such factors as the reason for the downgrade, prognosis for recovery or further rating downgrades, and the market price of the security. Within the context of these limitations, the following investments are generally approved as qualifying investment instruments for City funds, as further limited herein:

1. United States Treasury Bills, Bonds, and Notes, or those for which the full faith and credit of the United States are pledged for payment of principal and interest.

There is no limitation as to the percentage of the portfolio, which can be invested in this category.

2. Federal agency or United States government -sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government - sponsored enterprises. There is no limitation as to the percentage of the portfolio, which can be invested in this category . However, no more than 30% of the portfolio can be invested in any one agency name.
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10 3. Municipal Debt to include registered state warrants or treasury notes or bonds of this state, including bonds payable solely out of the revenues from a revenue - producing property owned, controlled, or operated by the state or by a department, board, agency, or authority of the state.

Registered treasury notes or bonds of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue - producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California.

Bonds, notes, warrants, or other evidences of indebtedness of a local agency within this state, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by the local agency, or by a department, board, agency, or authority of the local agency.

Purchases are limited to securities rated in a rating category of “A” (long-term) or “A-1” (short -term) or their equivalents or better by an Nationally Recognized Statistical Rating Organizations (NRSRO). A maximum of 40% of the portfolio may be invested in this category.

4. United States dollar denominated senior unsecured, unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Developm ent (IBRD), International Finance Corporation (IFC), or Inter - American Development Bank (IADB) with a maximum remaining maturity of five years or less, and eligible for purchase and sale within the United States.

Investments under this subdivision shall be rated in a rating category of “AA” or better by an NRSRO A maximum of 30% of the portfolio may be invested in this category. These investments shall be classified as “Supranationals” for reporting purposes.

5. Negotiable Certificates of Deposit (NCD) issued by a nationally or state-chartered bank, a savings association or a federal association (as defined by Section 5102 of the Financial Code), a state or federal credit union, or by a federally -licensed or state-licensed branch of a foreign bank. Purchases are limited to securities rated in a rating category of “A” (long -term) or “A-1” (short-term) or their equivalents or better by an NRSRO . NCDs for which the ful l amount of the principal and the interest that may be accrued during the maximum term of each certificate is insured by federal deposit insurance are exempt from the rating requirements. A maximum of 30% of the portfolio may be invested in this category.

6. Bills of exchange or time drafts drawn on and accepted by a commercial bank otherwise known as bankers ' acceptances. Eligible bankers’ acceptances are restricted to issuing financial institutions that have short -term debt rated in the rating category of “A -1” or its equivalent or better by a NRSRO. Purchases of banker's acceptances may not exceed 180 days to maturity. A maximum of 30% of the portfolio may be invested in this category.
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11 7. Commercial paper of “prime” quality of the highest ranking or of the highest letter and number rating as provided by a NRSRO. The entity that issues the commercial paper shall meet all of the following conditions: (A) Is organized and operating in the United States as a general corporation; (B) Has total assets in excess of five hundred million dollars ($500,000,000), and (C) Has debt other than commercial paper, if any, that is rated in a rating category of “A” or its equivalent or better by an NRSRO. Purchases of eligible commercial paper may not exceed 270 days. A maximum of 25% of the portfolio may be invested in this category. The City may not purchase more than 10 percent of the outstanding commercial paper of any single issuer.

8. Repurchase Agreements used solely as short-term investments not to exceed one year. The following collateral restrictions will be observed: Only U.S. Treasury securities or Federal Agency securities. A ll securities underlying Repurchase Agreements must be delivered to the City’s custodian bank or held by a third party custodial agreement. The City or its trustee shall have a perfected first security interest under the Uniform Commercial Code in all securities subject to repurchase agreement. The City shall have properly executed a Master Repurchase Agreement with each counter party with which it enters into repurchase agreements. The total of all collateral for each Repurchase Agreement must equal or exceed, on the basis of market value, 102% of the funds invested against those securities. For any Repurchase Agreement with a term of more than one day, the value of the underlying securities must be reviewed on a weekly basis and the value of the underlying securities brought back up to 102% no later than the next business day. Market value must be calculated each time there is a substitution of collateral.

9. Local Agency Investment Fund. The City may invest in the Local Agency Investment Fund (LAIF) established by the State Treasurer for the benefit of local agencies up to the maximum amount permitted by State Law . The City’s investment in LAIF will be determined accordin g to the City’s liquidity needs and may not exceed the limit set by LAIF for operating accounts . When calculating this limit, the City doe s not include bond proceeds invested with LAIF. These bond proceeds are held separately to meet arbitrage regulations and are not part of our pooled investments. LAIF has traditionally limited investments to short - term government type bonds. Treasury staff reviews the LAIF statements quarterly to ensure that this practice is maintained.

10. Local Government Investment Pools (LGIP). Shares of beneficial interest issued by a joint powers authority organized pursuant to Section 6509.7 that invests in the securities and obligations authorized in Government Code. Investments will be limited to LGIPs that seek to maintain a stable net asset value. Whenever the City has any funds invested in a LGIP, the City Treasurer shall maintain on file a copy of the LGIP’s current information statement and periodically review the LG IP’s investments. There is no limitation as to the percentage of the portfolio that can be invested in this category.
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12 11. FDIC insured or fully collateralized bank deposits, including, but not limited to, demand deposit accounts, savings accounts, market rate accounts, and time deposits. To be eligible to receive City deposits, the financial institution must be located in California and have received a minimum overall satisfactory rating, under the Community Redevelopment Act, for meeting the credit needs of California Communities in its most recent evaluation. The amount on deposit in any financial institution shall not exceed the shareholder’s equity. Bank deposits are required to be collateralized as specified under Government Code Section 53630 et. seq. The City Treasurer, at his/her discretion, may waive the collateralization requirements for any portion that is covered by federal deposit insurance. The City shall have a signed agreement with any depository accepting City funds per Government Code Secti on 53649. The maturity of time certificate of deposits (TCDs) may not exceed 3 years. There is no limit on the percentage of the portfolio that may be invested in bank deposits. However, a maximum of 20 percent of the portfolio may be invested in TCDs

12. Insured deposits placed with a private sector entity that assists in the placement of deposits with eligible financial institutions located in the United States (Government Code Section 53601.8). The full amount of the principal and the interest that may be accrued during the maximum term of each deposit shall at all times be insured by federal deposit insurance. A maximum of 30 percent of the portfolio may be invested in this category. The maximum investment maturity will be restricted to three (3) years.

13. Medium-term notes, defined as all corporate and depository institution debt securities with a maximum remaining maturity of five years or less, issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States. Purchases are limited to securities rated in a rating category of “A” or its equivalent or better by an NRSRO. A maximum of 30% of the portfolio may be invested in this category.

14. Mortgage passthrough security, collateralized mortgage obligation, mortgage - backed or other pay-through bond, equipment lease-backed certificate, consumer receivable passthrough certificate, or consumer receivable -backed bond with a maximum remaining maturity of five years or less. Securities eligible for purchase shall be rated in a rating category of “AA” or its equivalent or better by an NRSRO.

A maximum of 20% of the portfolio may be invested in this category.

15. Money market fu nds (MMF) are restricted to Government Money Market Funds.

Furthermore, these Money Market Funds must have met either of the following criteria: (A) Attained the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs, or (B) Retained an investment advisor with not less than five years’ experience and registered or exempt from registration with the SEC, with assets under management in excess of five hundred million dollars ($500,000,000). Whenever the City has any funds invested in a MMF, the 39 Item5.

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13 City Treasurer shall maintain on file a copy of the MMF’s current information statement. A maximum of 20% of the portfolio may be invested in this category

16. Ineligible Investments. Investments not described herein, including, but not limited to, common stocks , inverse floaters, range notes, or mortgage -derived interest-only strips are prohibited from use in this portfolio.

C. Diversification by Institution.

The City shall seek to diversify its investments within the portfolio to avoid incurring unreasonable risks inherent in over investing in specific investment types, individual financial institutions or maturities.

To promote diversification, no more than 5% of the portfolio may be invested in the securities of any one issuer, regardless of security type; excluding U.S. Treasuries, federal agencies, supranationals, and pooled investments such as LAIF, money market funds, or local government investment pools.

D. Investment Compliance Review
All securities held by the City will be maintained in compliance with Section XII, Authorized and Suitable Investments. The investment portfolio shall be reviewed quarterly to determine compliance with these parameters. Non-compliance events will be evaluated to determine and initiate actions needed to adjust investment yields, maturities, percentage requirements or other, in order to bring the portfolio back into compliance. In the event an instance of non-compliance is recommended by the City Treasurer, authorization may be given by the Executive Investment Committee and the Mayor if done unanimously. All major and critical incidences of non -compliance shall be reported in the quarterly treasurer’s report to the City Council.

Summary Table of the Policy's Authorized and Suitable Investments: 1

Investment Type
Maximum
Maturity 2
Maximum
% of
Portfolio
Maximum
% with
One
Issuer
Minimum
Rating 3
U.S. Treasury Obligations 5 years None None None
U.S. Agency Securities 5 years 100% 30% None
Municipal Securities 5 years 40% 5% A
Supranationals 5 years 30% 30% AA
Negotiable Certificates of Deposit 4 5 years 30% 5% A
Bankers' Acceptances 4 180 days 30% 5% A-1
Commercial Paper 4 270 days 25% 5% A-1
Repurchase Agreements4 1 year None None (5)
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14 Investment Type
Maximum
Maturity 2
Maximum
% of
Portfolio
Maximum
% with
One
Issuer
Minimum
Rating 3
Local Agency Investment Fund N/A $75M None None
Local Government Investment Pools N/A None None (6)
Bank Deposits 7 5 years 100% 100% (5)
Placement Service Deposits7 5 years 30% 30% (7)
Medium Term Notes4 5 years 30% 5% A
Asset-Backed Securities 4 5 years 20% 5% AA
Money Market Funds8 N/A 20% 20% (8)

1. Within the investments permitted by the Code, the City seeks to further restrict eligible investments to the guidelines listed above. In the event a discrepancy is found between this Policy and the Summary Table above, the more restrictive parameters will take precedence. See Section XII of the City Treasurer’s Investment Policy for additional detail.

2. In the absence of a specified maximum, the maximum is 5 years.

3. Minimum credit rating categories apply to the category without regards to modifications (+/-). Credit ratings are from any NRSRO.

4. Per issuer limitations apply across investment types.

5. Collateralization is required. See Section XII of the City Treasurer’s Investment Policy for additional detail.

6. The LGIP must have retained an advisor that is registered or exempt from registration with the Securities and Exchange Commission, has not less than five years of experience investing in the securities and obligations authorized by Code, and has assets under management in excess of five hundred million dollars ($500,000,000).

7. Federal deposit is required for the full amount of the deposit and any accrued interest.

8. Money market funds must have the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs or have an investment advisor that meets certain criteria.

XIII. Maturity Goals

1. Subject to the availability of funds, short -term investments (maturity of one year or less) of the City shall not be less than 25 percent of the General Fund annual operating budget of the City.

2. The percentage of the City's portfolio that may be invested intermediate term (maturity term over one year and not greater than five years) shall be determined by the City Treasurer based on estimated cash requirements. 41 Item5.

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15 3. Long-term investments (over five years to maturity date) shall be made only after review and approval by the City Council. Accordingly, no fixed percentage of the City's portfolio is designed for long-term investments.

4. Additional and/or clarifying maturity guidelines shall be adopted from time to time as devised by the City Treasurer and reviewed by the Executive Investment Committee.

XIV. Policy Review
This investment policy shall be reviewe d at least annually to ensure its consistency with the overall objectives of preservation of principal, liquidity, yield, and its relevance to current law and financial and economic trends. The City of Escondido’s investment policy shall be approved by the City Council on an annual basis.

XV. Investment Procedures
The City Treasurer and his/her delegated staff shall establish written investment policy procedures for the day-to-day operations of the investment program consistent with this policy. The procedures should include reference to cash balancing, safekeeping, wire transfer agreements, collateral/depository agreements, and the selection process for financial institutions and broker/dealers. The procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the City Treasurer.

XVI. Investment Strategy and Performance Standards
The investment portfolio shall be managed with the objective of obtaining a rate of return throughout budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow needs. The City will employ an active management approach that allows for the sale of securities prior to their scheduled maturity dates for purposes of improving the portfolio’s credit quality, liquidity, or return in response to changing market conditions or the City’s circumstances. This Policy recognizes that in a diversified portfolio occasional measured losses are inevitable and must be considered within the context of the overall portfolio's structure and expected investment return, with the proviso that adequate diversification and credit analysis have been implemented.

An appropriate performance benchmark shall be established against which portfolio performance shall be compared on a regular basis. The selected performance benchmark shall be representative of the City’ s overall investmen t objectives and liquidity requirements.

42 Item5.

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16 XVII. Investment Pools/Mutual Funds
A thorough investigation of the pool/fund is required prior to investing, and on a continual basis. There shall be a questionnaire developed which will answer the following general questions:

1. A description of eligible investment securities, and a written statement of investment policy and objectives.

2. A description of interest calculations and how it is distributed, and how gains and losses are treated.

3. A description of how the securities are safeguarded (including the settlement processes), and how often the securities are priced and the program audited.

4. A description of who may invest in the program, how often, what size depo sit and withdrawal are allowed.

5. A schedule for receiving statements and portfolio listings.

6. Are reserves, retained earnings, etc. utilized by the pool/fund?

7. A fee schedule, and when and how is it assessed.

8. Is the pool/fund eligible for bond proceeds and/or will it accept such proceeds?

43 Item5.

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17 APPENDIX

CITY OF ESCONDIDO

INVESTMENT PROCEDURE MANUAL
Purpose
The purpose of these guidelines is to help create a Procedure Manual to assist Treasury staff with day-to-day investment operations.

References and subjects at the beginning of each section refer to elements in the Investment Policy. In the event a discrepancy between this Appendix and the requirements in the body of the Policy, the requirements listed in the Body of the Policy take precedence.

Cash Review
I. Policy
II. Scope
IX. Accountability and Authority
The City Treasurer or his/her designee, must review the cash balances and investment portfolio daily, or as needed. Items to be reviewed should include:
a) Balance of City of Escondido’s General Account
b) Maturing Investments (includes all investments)
c) Large incoming wires from the State, County, and other miscellaneous agencies d) Large outgoing wires such as debt service payments and routine wires such as San Diego County Water Authority, Kaiser, and Workers’ Compensation Service pro vider and any other routine that may be added
e) Accounts payable and payroll disbursements
Investment Selection
III. Prudence
IV. Objective
XII. Authorized and Suitable Investments
XII B. Diversification
XIII. Maturity Goals

44 Item5.

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18 The City Treasurer or designee determines how much of the cash balance is available for investment and selects the area of the yield curve that most closely matches the required maturity date based on cash flow needs.

In determining the maturity date, the Treasurer designee, should consider liquidity, cash flow , and expected expenditures. A review of some of the following sources should determine whether the investments should be placed to match projected expenditures or shorter, or take advantage of current and expected interest rate environments:
a) Review daily business publications and commentaries from financial institutions and brokers.
b) Read publications, Wall Street Journal , and watch media (CNBC) for general trends of economic interests.
c) Input from approved broker/dealers.

Purchasing an Investment
VII. Authorized Financial Institutions and Broker/Dealers VIII. Safekeeping and Custody
XII. Authorized and Suitable Investments
XII B. Diversification of Investments
XIII. Maturity Goals
Financial institutions are selected through a “Request for Proposal” (RFP) process. Broker/dealers are selected through a formal questionnaire process, which helps provide the following evaluation:
a) Financial conditions, strength, and capability to fulfill commitments. b) Overall reputation with other investors.
c) Regulatory status of the broker/dealer (all providers). d) Background and expertise of the individual representative.

Selection of financial institutions and broker/dealers shall be performed by authorized City staff under direction of the Executive Investment Committee. The City has an established formal procedure process in place for the selection of financial institutions and broker/dealers. Every three to five years the City will distribute a broker/dealer questionnaire to interested and known financial institutions and broker /dealers. The City Treasurer will maintain a list of qualified broker/dealers authorized to provide investment services to the City of Escondido. The list may include primary or regional dealers that are credit worthy and Rule 15C3-1. 45 Item5.

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19 All financial inst itutions and broker/dealers who desire to provide investment services must participate in the City’s formal broker/dealer questionnaire process. To be considered, the financial institution or broker/dealers must supply the following as appropriate:
 Completed broker/dealer questionnaire
 Proof of Financial Industry Regulatory Authority (FINRA) registration  License to conduct business in the State of California  Audited financial statements demonstrating compliance with state and federal capital adequacy guidelines
 Certification of having read and understood and agreeing to comply with the City of Escondido’s investment policy
 Evidence of adequate insurance coverage
Qualified broker/dealers selected to do business with the City shall submit annually curren t audited financial statement.

After the annual adoption of the City’s investment policy by the City Council, a copy shall be sent to all broker/dealers approved to do business with the City. Confirmation of receipt of this policy shall be considered evidence that the dealer understands the City’s investment policies and intends to sell the City only appropriate investments authorized by this investment policy.

The Treasurer designee shall be as specific as possible in requesting the offering in purchasing a security. If a particular type of investment or a particular agency is to be excluded due to policy limitations that should be stated to the providers. If collateral is required (i.e. for Repo’s or CD’s) the collateral limitations (excess margin, types of securities, maximum maturity, etc.) should be specified. The City may invest in repurchase agreements provided it has a signed master repurchase contract, which specifies terms and conditions of repurchase agreements.

The following must be determined prior to contacting the providers:
a) Settlement – cash, regular (next day), skip (2 business days), corporate (3 business days) or when-issued if a new issue.
b) Amount – either par value or total dollars to be invested. c) Type of security to be purchased or type to be excluded. d) Targeted maturity or maturity range.
e) Time limit to show offering – 5 minutes, 15 minutes, or a specified time.

If choosing an external pool (or LAIF or Money Market) as the preferred investment vehicle at the time, the following should be available for inspection prior to purchase and at reasonable time thereafter:
a) LAIF written investment policy and a copy of the “LAIF ANSWER BOOK” (which contains detailed information about LAIF).

46 Item5.

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20 b) A prospectus for the Money Market funds or bank-managed funds. c) The balance of the LAIF account is reviewed to adhere to the City’s investment pool limit.

Before concluding the transaction, the following should be validated:
a) The security selected for purchase meets all criteria including portfolio -diversification, collateralization (if appropriate), and maturity. If the security has any imbedded options such as call provisions or coupon adjustments, these should also be reviewed. Current practice is to buy bullet securities, no callable. The strategy is buy and hold. b) Verify yield.
c) Total purchase cost (including accrued interest) does not exceed funds available for investment.
d) Advise the successful provider that their offering has been selected for purchase. e) After confirmation of the purchase, as a courtesy, notify the other broker/dealers that you have placed the investment. Best price may be disclosed if the other broker/dealers ask.

After consummation of the transaction, and prior to settlement date, the fol lowing information should be confirmed with the provider in order to ensure prompt and uninterrupted settlement:
a) Reconfirm amounts of transaction (principal, accrued interest, if any, and total cost). b) Reconfirm settlement date.
c) Acquire CUSIP number of security, if applicable.
d) Obtain a copy of the Bloomberg (trade ticket plus description page).

All qualified broker/dealers have the City’s delivery instructions, which consist of the following:
a) Name of third-party safekeeping agent (currently Bank of New York Mellon Trust, contact designated customer service representative)
b) ABA number of safekeeping agent.
c) Safekeeping account number.

Settlement and Follow-Through
IX. Accountability and Authority
The City Treasurer or other designee should forward to the safekeeping agent, by fax or e-mail, detailed information regarding investment transaction. The detailed information of the purchased security will consist of:
a) Type of security.
b) Par amount, stated coupon, interest yield, maturity date, and CUSIP number.

47 Item5.

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21 c) Specified dollar amount (principal amount, accrued interest, if applicable, and total cost). d) Note the broker of the investment transaction.
e) Signature of the Treasurer designee.

A phone call should be made to the safekeeping agent to inform of purchase and confirm receipt of the investment information. When applicable the following should be verified:
a) Provision of receipt or disbursement of funds.
b) Internal transfer or wiring of funds.
c) Written validation from safekeeping agent.
d) Notification of discrepancy prior to acceptance or rejection of the transaction. e) Immediate notification if a fail has occurred: by provider if they are responsible, by safekeeping agent if they are responsible.
f) That all verbal and written verifications have been forwarded to and received from applicable parties to ensure that transaction was successfully executed.

Investment Strategy and Performance Standards
XVI. Accountability and Authority
The investment portfolio shall be managed with the objective of obtaining a rate of return throughout budgetary and economic cycles, commensurate with the investment risk cons traints and the cash flow needs. The City will employ an active management approach that allows for the sale of securities prior to their scheduled maturity dates for purposes of improving the portfolio’s credit quality, liquidity, or return in response to changing market conditions or the City’s circumstances. This Policy recognizes that in a diversified portfolio occasional measured losses are inevitable and must be considered within the context of the overall portfolio's structure and expected investment return, with the proviso that adequate diversification and credit analysis have been implemented.

An appropriate performance benchmark shall be established against which portfolio performance shall be compared on a regular basis. The selected performanc e benchmark shall be representative of the City’s overall investment objectives and liquidity requirements.

48 Item5.

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22 GLOSSARY OF TERMS
Agencies — agencies of the federal government set up to supply credit to various classes of institutions (e.g., S&Ls, small business firms, students, farmers, housing agencies, etc.) Amortized Cost — cost of investments adjusted for premiums and discounts. Amortized cost is used to maintain comparability with market value.

Asked — the price at which securities are offered.

Asset-Backed Securities — Securities whose income payments and hence value is derived from and collateralized (or "backed") by a specified pool of underlying assets which are receivables.

Pooling the assets into financial instruments allows them to be sold to general investors, a process called securitization, and allows the risk of investing in the underlying assets to be diversified because each security will represent a fraction of the total value of the diverse pool of underlying assets. The pools of underlying assets can comprise common payments credit cards, auto loans, mortgage loans, and other types of assets. Interest and principal is paid to investors from borrowers who are paying down their debt.

Bankers’ Acceptance (BA) — a draft, bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill, as well as the issuer.

Benchmark — a comparative base for measuring the performance or risk tolerance of the investment portfolio. A benchmark should represe nt a close correlation to the level of risk and the average duration of the portfolio’s investments.

Bid — price a prospective buyer is ready to pay.

Bond Indenture — written agreement specifying the terms and conditions for issuing bonds, stating the form of the bond being offered for sale, interest to be paid, the maturity date, call provisions and protective covenants, if any, collateral pledged, the repayment schedule, and other terms. It describes the legal obligations of a bond issuer and the powers of the bond trustee, who has the responsibility for ensuring that interest payments are made to registered bondholders.

Book Value — a term synonymous with amortized cost.

Broker/Dealer — individual or firm acting as principal in securities transaction.

Callables — securities that the issuer has the right to redeem prior to maturity.

Certificates of Deposit (CD) — a time deposit with a specific maturity evidenced by a certificate.

Collateral — securities pledged to secure the value of an investment or deposit.

Commercial Paper – short-term IOU, or unsecured money market obligation, issued by prime rated commercial firms and financial companies, with maturities from 2 days up to 270 days. It 49 Item5.

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23 is a promissory note of the issuer used to finance current obligat ions, and is a negotiable instrument.

Comprehensive Annual Financial Report (CAFR) — an annual financial report that contains at a minimum, three sections: introductory, financial and statistical, and whose financial section provides information on each in dividual fund and component unit. (Definition source: 2005 Governmental Accounting, Auditing, and Financial Reporting (GAAFR)).

Coupon — a) the annual rate of interest that a bond's issuer promises to pay the bondholder on the bond's face value; b) a certificate attached to a bond evidencing interest due on a payment date.

Custody — a banking service that provides safekeeping for the individual securities in a customer’s investment portfolio under a written agreement which also calls for the bank to collect and pay out income, to buy, sell, receive, and deliver securities when ordered to do so by the principal.

Delivery vs. Payment — there are two methods of delivery of securities: delivery versus payment and delivery versus receipt. Delivery versus payment is delivery of securities with a simultaneous exchange of money. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for the securities.

Derivatives — a) financial instruments whose return profile is linked to, or deriv ed from, the movement of one or more underlying index or security, and may include a leveraging factor; b) financial contracts based upon notional amounts whose value is derived from an underlying index or security (interest rates, foreign exchange rates, equities or commodities).

Discount — the difference between the cost price of a security and its maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount.

Discount Securities — non-interest bearing money market instruments that are issued a discount and redeemed at maturity for full face value, e.g., U.S. Treasury Bills.

Diversification — dividing investment funds among a variety of securities offering indepen dent returns.

Executive Investment Committee — a committee chaired and appointed by the City Treasurer to oversee the day-to-day investment program of the City.

Federal Credit Agencies — agencies of the federal government set up to supply credit to various classes of institutions and individuals, e.g., S&L’s, small business firms, students, farmers, farm cooperatives and exporters.

Federal Deposit Insurance Corporation (FDIC) — a federal agency that insures bank deposits.

Deposit coverage increased from $1 00,000 to $250,000 per depositor in 2008. The increased coverage limits of $250,000 per depositor, per insured institution, was extended indefinitely effective July 2010 with the passage of the Dodd-Frank Act. 50 Item5.

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24 Federal Funds Rate — the rate of interest ass ociated with borrowing a Federal Reserve Bank’s excess reserves. This rate is currently pegged by the Federal Reserve through open -market operations.

Federal Open Market Committee (FOMC) — a committee that sets interest rate and credit policies for the Federal Reserve System, the United States’ central bank. The FOMC has 12 members.

Seven are the members of the Federal Reserve Board, appointed by the president of the United States. The other five are presidents of the 12 regional Federal Reserve banks. Of the five, four are picked on a rotating basis; the other is the president of the Federal Reserve Bank of New York, who is a permanent member. The committee decides whether to increase or decrease interest rates through open market operations of buying or selling government securities. The committee’s decisions are closely watched and interpreted by economists and stock and bond market analysts, who try to predict whether the Fed is seeking to tighten credit to reduce inflation or to loosen credit to stimulate the economy.

Federal Reserve System — system established by the Federal Reserve Act of 1913 to regulate the U.S. monetary and banking system. The Federal Reserve System (the Fed) is comprised of 12 regional Federal Reserve Banks, their branches, and all national and state that are a part of the system. The Federal Reserve System’s main functions are to regulate the national money supply, set reserve requirements for member banks, supervise the printing of currency at the mint, act as clearinghouse for transfer of funds throughout the banking system, and examine member banks to make sure they meet various Federal Reserve regulations.

Financial Industry Regulatory Authority (FINRA) — The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. All told, FINRA oversees nearly 4,750 brokerage firms, about 167,000 branch offices and approximately 634,000 registered securities representatives.

Interest Rate R isk — the risk that investments will lose market value because of increases in market interest rates. A rise in market interest rates will cause the market value of investments made earlier at lower interest rate to lose value. The reverse will cause a gain in market value.

Investment Committee — a committee chaired by the City Treasurer to advise the City Treasurer on policies governing the City's investment program.

Laddered Portfolio — bond investment portfolio with securities in each maturity range (e .g. monthly) over a specified period of time (e.g. five years).

Leverage — investing with borrowed money with the expectation that the interest earned on the investment will exceed the interest paid on the borrowed money.

Liquidity — the ability to turn an asset into cash. The ability to buy or sell an asset quickly and in large volume without substantially affecting the asset’s price.

Local Agency Investment Fund (LAIF) — the aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment. 51 Item5.

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25 Local Government Investment pool (LGIP) — a type of pooled investment program in which funds from local agency investors/participants are aggregated together for investment purposes.

Market Value — the price at which a security is trading, usually the liquidation value.

Master Repurchase Agreement — a written contract covering all future transactions between the parties to repurchase reverse repurchase agreements that establish each party’s rights in the transactions. A master repurchase agreement will often specify the right of the buyer -lender to liquidate the underlying securities in the event of default by the seller-borrower.

Maturity — the date upon which the principal or stated value of an investment becomes due and payable.

Modified Duration — a measure of the sensitivity that the value of a fixed-income security has to changes in market rates of interest. Modified duration is the best single measure of a portfolio’s or security’s exposure to market risk. Modified duration identifies the potential gain/loss in value before the gain/loss actually occurs. It is a prospective measurement, e.g., a modified duration of 1.5 indicates that when and if a 1% change in market interest rates occurs, a 1.5% change in the value of a security will result. Investments with modified durations of one to three are considered to be relatively conservative.

Money Market — the market in which short -term debt instruments (Treasury bills, commercial paper, bankers’ acceptances, etc.) are issued and traded.

Money Market Fund — A type of mutual fund that invests exclusively in short-term investments.

Nationally Recognized Statistical Rating Organizations (NRSRO) — a credit rating agency (CRA) that issues credit ratings which the U.S. Securities and Exchange Commission (SEC) permits other financial firms to use for certain regulatory purposes.

Offer — price at which someone who owns a security offers to sell it, a lso known as the asked price.

Open Market Operations — activities by which the Securities Department of the Federal Reserve Bank of New York, popularly called the desk, carries out instructions of the Federal Open Market Committee designed to regulate the money supply. Open market operations are the Federal Reserve’s most important and most flexible monetary policy tool.

Portfolio — collection of securities held by an investor.

Primary Dealer — investment dealers authorized to buy and sell government secur ities in direct dealings with the Federal Reserve Bank of New York in its execution of Fed Open Market Operations. Such dealers must be qualified in terms of reputation, capacity, and adequacy of staff and facilities.

Prudent Investor Rule — an investment standard. In California, persons authorized to make investment decisions on behalf of a local agency are considered trustees and therefore fiduciaries subject to the Prudent Investor Rule. A trustee may invest in a security if it is one which would 52 Item5.

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26 be bought by a prudent person of discretion and intelligence who is seeking a reasonable income and preservation of capital.

Rate of Return — the yield obtainable on security based on its purchase price or its current market price.

Repurchase Agreement (RP or REPO) — agreement between a seller and a buyer, usually of U.S. government securities, whereby the seller agrees to repurchase the securities as an agreed upon price and usually, at a stated time. The security “buyer” in effect lends the “seller” money for the period of the agreement, and the terms of the agreement are structured to compensate him for this. Dealers use RP extensively to finance their positions. Exception: when the Fed is said to be doing RP, it is lending money that is, increasing bank reserves.

Required Reports — Section 53646 of the California Government Code specifies that certain information may be periodically transmitted to the City's governing body and chief executive officers by the City's chief fiscal or investment officer.

Safety — the ability of a security issuer to guarantee redemption of their security.

Safekeeping — sees custody
Secondary Market — a market made for the purchase and sale of outstanding issues following the initial distribution.

Securities & Exchange Commission (SEC) — an agency created by Congress to protect investors in securities transactions by administering securities legislation.

SEC Rule 15C3-1 — see Uniform Net Capital Rule.

Time Deposit — a savings account or certificate of deposit held in a financial institution for a fixed term.

Treasury Bills — a non-interest bearing discount security issued by the U.S. Treasury to finance the national debt. Treasury Bills have a maturity of one year or less.

Treasury Bonds — long-term coupon-bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities of more than 10 years.

Treasury Notes — medium-term coupon bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities from one to ten years.

Uniform Net Capital Rule — Securities and Exchange Commission requirement that all SEC registered broker/dealers maintain sufficient liquid resources to promptly satisfy their liabilities, including all claims by customers, creditors and other broker -dealers. The rule requires broker- dealers to maintain the greater of (1) a specified percentage of net capital as it relates to either total broker indebtedness or total customer receivables, or (2) a specified dollar amount.

53 Item5.

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27 Yield -The annual rate of return on an investment generally expressed as a percentage of the securities current price.
54 Item5.

STAFF REPORT

May 14, 2025
File Number 0490-55

SUBJECT
TREASURER’S INVESTMENT REPORT FOR THE QUARTER ENDED MARCH 31, 2025

DEPARTMENT
City Treasurer

RECOMMENDATION
Request the City Council approve the Quarterly Investment Report for the quarter ended March 31, 2025.

Staff Recommendation: Approve (Douglas Shultz, City Treasurer) Presenter: Douglas Shultz, City Treasurer
ESSENTIAL SERVICE – Yes, Internal Requirement
COUNCIL PRIORITY –

FISCAL ANALYSIS
From January 1, 2025 to March 31, 2025, the City’s investment portfolio increased from $211 million to $215 million. The adjusted average annual yield increased from 3.186 percent to 3.514 percent with the portfolio duration at 2.062 percent. Steady cashflows have kept the City’s investment portfolio consistent between the last two quarters.

PREVIOUS ACTION
The Investment Report for the quarter ended December 31, 2025, was filed with the City Clerk’s Office on January 31, 2025 and presented to the City Council on February 19, 2025.

BACKGROUND
The City of Escondido’s ( “City”) Investment Policy requires the City Treasurer to submit a quarterly investment report to the City Council and City Manager. The quarterly investment report should include the type of investment, issuer, date of maturity, par and dollar amount invested and market value for each security held by the City. Details of the City’s investment portfolio are included in the attached reports that are listed below:
55 Item6.

• Summary of Investment Allocation as of March 31, 2025 (Attachment “1”) • Summary of Investment Portfolio Yields for the last 12 months (Attachment “2”) • Schedule of Funds Managed by Outside Parties as of March 31, 2025 (Attachment “3”) The Investment Performance Review ( Attachment “4”) provides a Market Update, the City’s Portfolio Strategy and Performance, Issuer Distributions, Portfolio Distributions and Portfolio Holdings. The Summary of Investment Allocation (Attachment “1”) and the Summary of Investment Portfolio Yield for the last 12 months (Attachment “2”) shows the total investment portfolio including funds in LAIF, CAMP, Stone Castle, and the City’s money market account with BNY.

There are adequate funds to meet the next six -month’s expected expenditures. As of March 31, 2025, the City complies with all requirements of the City’s Investment Policy.

The cashflow has been and will continue to be deployed out on the investment maturi ty ladder, specifically targeting the next 3-5 years to lock in the current high rates in anticipation of short-term rates coming down in the near future. We continue to take advantage of CAMP’s high interest rates, which allow us one of the highest yields in the market while allowing the liquidity the City needs to maintain cash flows.

ATTACHMENTS
a) Attachment “1” – Summary of Investment Allocation as of March 31, 2025 b) Attachment “2” – Summary of Investment Portfolio Yields for the last 12 months c) Attachment “3” – Schedule of Funds Managed by Outside Parties as of March 31, 2025 d) Attachment “4” – Investment Performance Review for the Quarter Ended March 31, 2025 56 Item6.

Investment Type Market Value
State Investment Pool (LAIF) 12,541$ 12,541$ 0.01% California Asset Management Program (CAMP) 29,937,091 29,937,091 13.93% Placement Service Deposits (Stone Castle) 5,371,335 5,371,335 2.50% U.S. Treasury Obligations 125,355,688 125,322,464 58.30% Federal Agency Securities 13,443,891 13,365,914 6.22%
Supranational Securities 0 0 0.00%
U.S. Corporate Bonds 32,573,120 32,440,790 15.09%
U.S. Municipal Bonds 3,598,380 3,556,040 1.65%
Asset-Backed Security 1,034,750 1,032,275 0.48%
Money Market Account (BNY Blackrock) 3,914,237 3,914,237 1.82% Total Investment Portfolio - March 2025 215,241,034$ 214,952,686$ 100% Reported Total Investments - December 2024 210,792,450$ 208,902,645$ Change from Prior Quarter 4,448,584$ 6,050,041$
Portfolio Duration 2.062
City of Escondido
Summary of Investment Allocation
as of March 31, 2025
Book Value
Percent of
Portfolio at
Market
0%
14%
3%
58%
6%
0%
15%
2%0%2%
Summary of Investment Allocation as of
March 31, 2025
State Investment Pool (LAIF)
California Asset Management Program
(CAMP)
Placement Service Deposits (Stone
Castle)
U.S. Treasury Obligations
Federal Agency Securities
Supranational Securities
U.S. Corporate Bonds
Attachment "1"
57 Item6.

Date Book Value Yield
Mar-25 $215,241,033.53 3.514%
Feb-25 $219,278,293.98 3.353%
Jan-25 $212,577,963.68 3.452%
Dec-24 $210,792,450.13 3.501%
Nov-24 $205,879,891.01 3.384%
Oct-24 $194,545,893.86 3.202%
Sep-24 $188,506,412.55 3.243%
Aug-24 $189,439,047.23 3.073%
Jul-24 $200,098,061.98 3.254%
Jun-24 $204,967,077.35 3.546%
May-24 $198,761,463.28 2.968%
Apr-24 $190,411,775.06 2.984%
Average Portfolio Interest Yields 3.290%
* Includes Assets managed by PFM, LAIF, and Stone Castle.

SUMMARY OF INVESTMENT PORTFOLIO YIELDS
FOR THE LAST 12 MONTHS
As of March 31, 2025
Attachment "2"
58 Item6.

CITY OF ESCONDIDO

FUNDS MANAGED BY OUTSIDE PARTIES
As of March 31, 2025
Market Interest Type of
Type of Funds / Institution Value Rate Investment

BOND FUNDS
BANK OF NEW YORK:
1998-1 Rancho San Pasqual Assessment District 00419457 1.18$ 4.240% Treasury 1998-1 Rancho San Pasqual Assessment District 00419471 370,046.31 4.220% Treasury 2013 JPFA Reidy Creek Lease Revenue Bonds (2001 Refunding) 00844523 36,581.26 4.150% Treasury 2013 JPFA Reidy Creek Lease Revenue Bonds (2001 Refunding) 00844524 0.30 3.330% Treasury 2013 Community Facility District - Hidden Trails (2001 Refunding) 00495895 13.32 4.130% Treasury 2013 Community Facility District - Hidden Trails (2001 Refunding) 00495896 1.18 484.750% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686531 4.72 4.240% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686537 113.72 0.000% Cash 2015A Wastewater Bond (2004A Refunding) 00479672 65.13 4.240% Dreyfus Cash Management 2015A Wastewater Bond (2004A Refunding) 00479673 144.44 4.230% Dreyfus Cash Management 2015A Wastewater Bond (2004A Refunding) 00479674 82.82 4.230% Dreyfus Cash Management 2015B Wastewater Bond (2004B Refunding) 00480412 23.21 4.220% Dreyfus Cash Management 2015B Wastewater Bond (2004B Refunding) 00480413 27.23 4.220% Dreyfus Cash Management 2015B Wastewater Bond (2004B Refunding) 00480414 29.32 4.230% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766031 119.88 3.980% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766038 13.07 3.980% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766051 167.18 3.980% Dreyfus Cash Management 2021A WasteWater Ref Rev 0.00 0.000% Dreyfus Cash Management 2021 Community Facility District - The Villages 00238487 8,153.38 0.000% Cash/Treasury 2021 Community Facility District - The Villages 00238488 1,041,636.30 0.000% Cash/Treasury 2021 Community Facility District - The Villages 00238495 1,604,942.25 0.000% Cash/Treasury 2022 Community Facility District - Eclipse Mountain House 00994224 5,209.97 0.000% Cash/Treasury 2022 Community Facility District - Eclipse Mountain House 00994255 226,000.00 0.000% Cash/Treasury 2022 Community Facility District - Eclipse Mountain House 00994641 3,065,744.84 0.000% Cash/Treasury 6,359,121.01$
SECTION 115 TRUST FUNDS
PUBLIC AGENCY RETIREMENT SERVICES:

PARS Post-Employment Benefits Trust $35,884,413.74 Moderately Conservative HighMark PLUS TOTAL FUNDS MANAGED BY OUTSIDE PARTIES $42,243,534.75
Attachment "3"
59 Item6.

City of Escondido Quarterly Report
City of Escondido (299155)
Quarter End (Q1 Y2025)
01/01/2025 - 03/31/2025
Dated: 04/30/2025
Locked Down
Attachment "4"
60 Item6.

Risk Summary - Fixed Income (City of Escondido (299155)) 1 Multiple Benchmarks Comparison (City of Escondido (299155)) 5 Risk-Adjusted Comparison (City of Escondido (299155)) 6 Exposure - Credit Rating (City of Escondido (299155)) 7 Overview (City of Escondido (299155))
12 Returns (City of Escondido (299155))
14 Comparison (City of Escondido (299155))
15 Exposure - Security Type (City of Escondido (299155)) 16 Exposure - Market Sector (City of Escondido (299155)) 20 Exposure - Issuer Concentration (City of Escondido (299155)) 24 Summary (City of Escondido (299155))
34 Status (City of Escondido (299155))
35 GAAP GL Income Detail (City of Escondido (299155))
38 GAAP Transaction Detail (City of Escondido (299155)) 47 Audit (City of Escondido (299155))
50 Table of Contents
Dated: 04/30/2025
Attachment "4"
61 Item6.

Issuer Concentration
Issuer Ending % of Market
Value + Accrued
United States Department of The Treasury 69.746%
Other 17.891%
Federal National Mortgage Association 4.065%
BLAKCROCK 2.166%
Federal Home Loan Banks 1.675%
The Bank of New York Mellon Corporation 1.671%
UnitedHealth Group Incorporated 1.458%
Waste Management, Inc. 1.327%
--- 100.000%
Footnotes: 1,2
Cash and Fixed Income Summary
Risk Metric Value
MMFund 3,914,236.57
Fixed Income 176,810,493.23
Duration 2.062
Convexity 0.050
WAL 2.196
Years to Final Maturity 2.206
Years to Effective Maturity 2.195
Yield 4.095
Book Yield 3.353
Avg Credit Rating AA/Aa2/AA
Balance Sheet
Book Value + Accrued 181,013,077.40
Net Unrealized Gain/Loss -288,347.59
Market Value + Accrued 180,724,729.81
Exposure - Security Type
Exposure - Sector
Exposure - Asset Class
Risk Summary - Fixed Income City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 1 Attachment "4"
62 Item6.

Time to Maturity
Credit Duration Heat Map
Rating 0 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5 - 7 7 - 10 10 - 15 15 - 30 AAA 0.722% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% AA 20.722% 16.690% 22.309% 16.824% 3.729% 0.000% 0.000% 0.000% 0.000% A 2.901% 3.828% 6.254% 3.354% 0.500% 0.000% 0.000% 0.000% 0.000% BBB 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% BB 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% B 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% CCC 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% CC 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% C 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% NA 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% Exposure - Credit Rating
Exposure - Duration
Risk Summary - Fixed Income City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 2 Attachment "4"
63 Item6.

MMF Asset Allocation Exposure - Currency
Exposure - Industry Group
Exposure - Industry Subgroup
Exposure - Industry Sector
Exposure - Country
Risk Summary - Fixed Income City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 3 Attachment "4"
64 Item6.
1: * Grouped by: Issuer. 2: * Groups Sorted by: Ending % of Market Value + Accrued.

Risk Summary - Fixed Income City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 4 Attachment "4"
65 Item6.

Account and Primary Benchmark

Net of Fees (includes management and trading).

Returns are actual and have not been annualized.

No Tax Adjustment.

Note that data will not exist prior to the performance inception date of: 04/01/2022.

Reported Index Return is always Total Return.

Account/Index Base Market Value + Accrued Trailing Month Total Return, Net of
Fees
Trailing 3 Months
Total Return, Net of
Fees
Trailing 6 Months
Total Return, Net of
Fees
Trailing 12 Months
Total Return, Net of
Fees
Prior Year Total
Return, Net of Fees
Prior 3 Years Total
Return, Net of Fees
Prior 5 Years Total
Return, Net of Fees
Prior 10 Years
Total Return, Net of
Fees
City of Escondido 180,724,729.81 0.455% 1.725% 1.519% 5.540% 4.201% --- --- --- ICE BofA 1-5 Year US Corporate & Government
Index
--- 0.489% 2.002% 1.328% 5.781% 3.925% --- --- ---
Multiple Benchmarks Comparison City of Escondido (299155) Base Currency: USD As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 5 Attachment "4"
66 Item6.

Net of Fees (includes management and trading).

Returns are actual and have not been annualized.

No Tax Adjustment.

Note that data will not exist prior to the performance inception date of: 04/01/2022.

Reported Index Return is always Total Return.

Account Assigned Index Total Return Index Return Sharpe Ratio Information Ratio Standard Deviation Tracking Error City of Escondido ICE BofA 1-5 Year US Corporate & Government Index 1.725% 2.002% -0.039 -0.088 0.079% 0.035% Account Index Index Start Date Index End Date
City of Escondido ICE BofA 1-5 Year US Corporate & Government Index 08/02/2002 --- Risk-Adjusted Comparison City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 6 Attachment "4"
67 Item6.

AAA
AA+
Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 05602RAD3 BMWOT 2022-A A3 76,230.84 USD 08/25/2026 ABS AAA Aaa AAA NA 76,027.81 City of Escondido 254683CS2 DCENT 2022-2 A 715,000.00 USD 05/15/2025 ABS AAA Aaa NA AAA 714,859.76 City of Escondido 345286AC2 FORDO 2022-A A3 23,509.25 USD 06/15/2026 ABS AAA NA AAA AAA 23,444.24 City of Escondido 380146AC4 GMCAR 2022-1 A3 41,864.04 USD 11/16/2026 ABS AAA NA AAA AAA 41,665.51 City of Escondido 43815GAC3 HAROT 2021-4 A3 14,585.00 USD 01/21/2026 ABS AAA Aaa NA AAA 14,538.95 City of Escondido 448977AD0 HART 2022-A A3 137,817.30 USD 10/15/2026 ABS AAA NA AAA AAA 137,349.26 City of Escondido 60412AK85 MINNESOTA ST 275,000.00 USD 08/01/2025 MUNI AAA Aaa AAA AAA 272,021.75 City of Escondido 98163KAC6 WOART 2021-D A3 25,747.67 USD 10/15/2026 ABS AAA NA AAA AAA 25,669.20 City of Escondido --- --- 1,309,754.10 USD 09/28/2025 --- AAA Aaa AAA AAA 1,305,576.48Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP AA+ Aaa AA+ NA 981,329.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP AA+ Aaa AA+ NA 916,357.78 City of Escondido 3130AJKW8 FEDERAL HOME LOAN BANKS 1,000,000.00 USD 06/13/2025 AGCY BOND AA+ Aaa AA+ AA+ 993,910.00 City of Escondido 3130AWLY4 FEDERAL HOME LOAN BANKS 2,000,000.00 USD 06/13/2025 AGCY BOND AA+ Aaa AA+ AA+ 2,033,670.00 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND AA+ Aaa AA+ AA+ 922,828.33 City of Escondido 3134GWYS9 FEDERAL HOME LOAN MORTGAGE CORP 1,000,000.00 USD 10/15/2025 AGCY BOND AA+ Aaa AA+ AA+ 983,716.67 City of Escondido 3135G05X7 FEDERAL NATIONAL MORTGAGE ASSOCIATION 2,000,000.00 USD 08/25/2025 AGCY BOND AA+ Aaa AA+ AA+ 1,969,990.00 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND AA+ Aaa AA+ AA+ 928,044.17 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,125,000.00 USD 11/07/2025 AGCY BOND AA+ Aaa AA+ AA+ 1,101,701.25 Exposure - Credit Rating City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 7 Attachment "4"
68 Item6.

Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 360,000.00 USD 11/07/2025 AGCY BOND AA+ Aaa AA+ AA+ 352,544.40 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 3,000,000.00 USD 03/24/2028 AGCY BOND AA+ Aaa AA+ AA+ 2,994,960.00 City of Escondido 3137EAEX3 FEDERAL HOME LOAN MORTGAGE CORP 1,150,000.00 USD 09/23/2025 AGCY BOND AA+ Aaa AA+ AA+ 1,128,694.33 City of Escondido 54438CYK2 LOS ANGELES CALIF CMNTY COLLEGE DIST 410,000.00 USD 08/01/2025 MUNI AA+ Aaa AA+ NA 405,768.12 City of Escondido 9128282A7 UNITED STATES TREASURY 1,900,000.00 USD 08/15/2026 US GOV AA+ Aaa AA+ AA+ 1,840,671.82 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV AA+ Aaa AA+ AA+ 3,937,466.63 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV AA+ Aaa AA+ AA+ 2,029,296.09 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV AA+ Aaa AA+ AA+ 2,868,699.36 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV AA+ Aaa AA+ AA+ 1,128,084.88 City of Escondido 912828XZ8 UNITED STATES TREASURY 1,500,000.00 USD 06/30/2025 US GOV AA+ Aaa AA+ AA+ 1,504,984.48 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV AA+ Aaa AA+ AA+ 1,951,535.47 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV AA+ Aaa AA+ AA+ 1,785,449.28 City of Escondido 912828ZL7 UNITED STATES TREASURY 3,375,000.00 USD 04/30/2025 US GOV AA+ Aaa AA+ AA+ 3,369,682.98 City of Escondido 912828ZT0 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2025 US GOV AA+ Aaa AA+ AA+ 1,988,295.82 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV AA+ Aaa AA+ AA+ 2,785,460.72 City of Escondido 91282CAB7 UNITED STATES TREASURY 2,380,000.00 USD 07/31/2025 US GOV AA+ Aaa AA+ AA+ 2,348,998.99 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV AA+ Aaa AA+ AA+ 1,844,523.09 City of Escondido 91282CAM3 UNITED STATES TREASURY 620,000.00 USD 09/30/2025 US GOV AA+ Aaa AA+ AA+ 607,994.83 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV AA+ Aaa AA+ AA+ 1,839,109.56 City of Escondido 91282CBC4 UNITED STATES TREASURY 1,200,000.00 USD 12/31/2025 US GOV AA+ Aaa AA+ AA+ 1,168,275.22 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV AA+ Aaa AA+ AA+ 625,767.10 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV AA+ Aaa AA+ AA+ 1,241,832.38 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV AA+ Aaa AA+ AA+ 1,552,290.48 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV AA+ Aaa AA+ AA+ 970,181.55 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV AA+ Aaa AA+ AA+ 776,145.24 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV AA+ Aaa AA+ AA+ 917,183.09 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV AA+ Aaa AA+ AA+ 2,904,854.35 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV AA+ Aaa AA+ AA+ 387,313.91 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV AA+ Aaa AA+ AA+ 1,935,760.98 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV AA+ Aaa AA+ AA+ 1,621,878.28 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV AA+ Aaa AA+ AA+ 2,316,968.97 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV AA+ Aaa AA+ AA+ 1,976,834.65 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV AA+ Aaa AA+ AA+ 347,151.45 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV AA+ Aaa AA+ AA+ 2,762,920.44 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV AA+ Aaa AA+ AA+ 480,721.88 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV AA+ Aaa AA+ AA+ 4,807,218.78 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV AA+ Aaa AA+ AA+ 384,577.50 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV AA+ Aaa AA+ AA+ 961,443.76 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV AA+ Aaa AA+ AA+ 1,976,533.92 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV AA+ Aaa AA+ AA+ 2,889,951.10 City of Escondido 91282CEU1 UNITED STATES TREASURY 2,045,000.00 USD 06/15/2025 US GOV AA+ Aaa AA+ AA+ 2,056,065.98 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV AA+ Aaa AA+ AA+ 1,961,099.78 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV AA+ Aaa AA+ AA+ 2,941,649.67 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV AA+ Aaa AA+ AA+ 2,982,689.67 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV AA+ Aaa AA+ AA+ 978,658.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV AA+ Aaa AA+ AA+ 978,658.01 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV AA+ Aaa AA+ AA+ 984,397.39 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV AA+ Aaa AA+ AA+ 1,937,854.78 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV AA+ Aaa AA+ AA+ 2,044,800.88 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV AA+ Aaa AA+ AA+ 1,022,400.44 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV AA+ Aaa AA+ AA+ 3,015,873.07 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV AA+ Aaa AA+ AA+ 4,035,364.09 Exposure - Credit Rating City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 8 Attachment "4"
69 Item6.

AA
AA-
A+
Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV AA+ Aaa AA+ AA+ 1,005,748.26 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV AA+ Aaa AA+ AA+ 2,011,496.52 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV AA+ Aaa AA+ AA+ 4,960,445.22 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV AA+ Aaa AA+ AA+ 1,002,426.13 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV AA+ Aaa AA+ AA+ 2,004,852.27 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV AA+ Aaa AA+ AA+ 2,006,339.45 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV AA+ Aaa AA+ AA+ 1,013,415.69 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV AA+ Aaa AA+ AA+ 2,025,110.50 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV AA+ Aaa AA+ AA+ 3,037,665.75 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV AA+ Aaa AA+ AA+ 3,039,141.05 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV AA+ Aaa AA+ AA+ 2,020,717.07 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV AA+ Aaa AA+ AA+ 3,067,759.10 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV AA+ Aaa AA+ AA+ 3,007,880.39 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV AA+ Aaa AA+ AA+ 2,005,253.59 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV AA+ Aaa AA+ AA+ 1,006,442.70 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV AA+ Aaa AA+ AA+ 3,058,651.33 City of Escondido --- --- 144,385,000.00 USD 07/14/2027 --- AA+ Aaa AA+ AA+ 141,762,430.02Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 400,000.00 USD 07/01/2025 MUNI AA Aa2 AA AA 397,966.00 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 155,000.00 USD 07/01/2025 MUNI AA Aa2 AA AA 154,211.83 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 150,000.00 USD 07/01/2025 MUNI AA Aa2 AA AA 149,237.25 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI AA Aa2 NA AAA 300,730.22 City of Escondido 797412DM2 SAN DIEGO CNTY CALIF WTR AUTH WTR REV 480,000.00 USD 05/01/2025 MUNI AA Aa2 AAA AA+ 480,055.60 City of Escondido 799408Z85 SAN RAMON VALLEY CALIF UNI SCH DIST 405,000.00 USD 08/01/2025 MUNI AA Aa1 AA NA 400,793.40 City of Escondido 91412HGE7 UNIVERSITY CALIF REVS 375,000.00 USD 05/15/2025 MUNI AA Aa2 AA AA 374,638.42 City of Escondido --- --- 2,275,000.00 USD 08/03/2025 MUNI AA Aa2 AA AA+ 2,257,632.72 Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 166764BW9 CHEVRON CORP 425,000.00 USD 05/11/2025 CORP AA- Aa2 AA- NA 426,144.67 City of Escondido 20772KEW5 CONNECTICUT ST 630,000.00 USD 09/15/2025 MUNI AA- Aa3 AA- AA- 629,063.54 City of Escondido --- --- 1,055,000.00 USD 07/26/2025 --- AA- Aa3 AA- AA- 1,055,208.21 Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP A+ A1 A+ NA 1,038,850.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP A+ A1 AA AA- 471,926.67 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP A+ A1 AA AA- 1,025,246.67 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP A+ A1 A+ A 679,133.00 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP A+ Aa3 A+ A+ 1,017,081.39 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP A+ A1 A+ WR 1,425,440.00 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP A+ Aa3 A+ NA 958,193.33 City of Escondido 89236TKC8 TOYOTA MOTOR CREDIT CORP 500,000.00 USD 06/30/2025 CORP A+ A1 A+ A+ 504,292.36 City of Escondido --- --- 7,200,000.00 USD 02/08/2028 CORP A+ A1 A+ A+ 7,120,163.42 Exposure - Credit Rating City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 9 Attachment "4"
70 Item6.

A
A-
NA
Summary
Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 05565EBK0 BMW US CAPITAL LLC 575,000.00 USD 04/09/2025 CORP A A2 A NA 585,604.92 City of Escondido 06406RBC0 BANK OF NEW YORK MELLON CORP 1,000,000.00 USD 04/25/2025 CORP A Aa3 A AA- 1,013,436.67 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP A Aa3 A AA- 2,006,952.00 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 250,000.00 USD 11/13/2025 CORP A A2 A WR 245,398.75 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 353,000.00 USD 11/13/2025 CORP A A2 A WR 346,503.03 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP A A2 AA- NA 1,979,738.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP A A2 A A+ 769,087.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP 500,000.00 USD 01/06/2026 CORP A A2 A A+ 507,096.67 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP A A1 A A+ 768,614.22 City of Escondido 24422EWF2 JOHN DEERE CAPITAL CORP 500,000.00 USD 06/06/2025 CORP A A1 A A+ 504,320.56 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP A A2 A A- 904,086.67 City of Escondido 369550BG2 GENERAL DYNAMICS CORP 700,000.00 USD 05/15/2025 CORP A A2 A WR 708,142.56 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP A A2 A A 950,746.11 City of Escondido 437076CM2 HOME DEPOT INC 105,000.00 USD 04/15/2025 CORP A A2 A A 106,227.45 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP A A2 A A 1,023,886.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP A A2 A A 659,705.67 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP A A1 A AA- 1,073,075.17 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP A A2 A+ A+ 676,791.57 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP A A2 A A 173,942.40 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP A A2 A A 628,125.33 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP A A2 A+ A 1,993,732.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP A A2 A+ A 200,367.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP A A2 A+ A 440,808.62 City of Escondido --- --- 18,423,000.00 USD 08/21/2027 CORP A A2 A A+ 18,266,391.24Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP A- A3 A- A 957,194.44 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP A- A3 A- A- 964,837.78 City of Escondido 63743HFE7 NATIONAL RURAL UTILITIES COOPERATIVE

FINANCE CORP
220,000.00 USD 06/15/2025 CORP A- A2 A- A 221,651.83
City of Escondido 70450YAG8 PAYPAL HOLDINGS INC 500,000.00 USD 06/01/2025 CORP A- A3 A- A- 500,755.00 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP A- A3 A- A- 2,398,652.10 City of Escondido --- --- 5,055,000.00 USD 12/23/2026 CORP A- A3 A- A- 5,043,091.16 Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,914,236.57 USD 03/31/2025 MMFUND NA NA NA NA 3,914,236.57 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,914,236.57 USD 03/31/2025 MMFUND NA NA NA NA 3,914,236.57 Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido --- --- 183,616,990.68 USD 06/15/2027 --- AA Aa2 AA AA 180,724,729.81 Exposure - Credit Rating City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 10 Attachment "4"
71 Item6.
* Grouped by: Rating. * Groups Sorted by: Rating. * Weighted by: Ending Market Value + Accrued.

Exposure - Credit Rating City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 11 Attachment "4"
72 Item6.

Cash and Fixed Income Summary
Risk Metric Value
MMFund 3,914,236.57
Fixed Income 176,810,493.23
Duration 2.062
Convexity 0.050
WAL 2.196
Years to Final Maturity 2.206
Years to Effective Maturity 2.195
Yield 4.095
Book Yield 3.353
Avg Credit Rating AA/Aa2/AA
Balance Sheet
Field Value
Book Value + Accrued 181,013,077.40
Net Unrealized Gain/Loss -288,347.59
Market Value + Accrued 180,724,729.81
Compliance Overview
Status Compliant
As of 03/31/2025
Reconciliation Status
Status Reconciled
Last Reconciled For 04/29/2025
Summary
Overview City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 12 Attachment "4"
73 Item6.

Index: ICE BofA 1-5 Year US Corporate & Government Index.

Overview City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 13 Attachment "4"
74 Item6.

Net of Fees (includes management and trading).

Returns are actual and have not been annualized.

No Tax Adjustment.

Note that data will not exist prior to the performance inception date of: 04/01/2022.

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees 01/01/2025 01/31/2025 0.399% 0.282% 0.118%
02/01/2025 02/28/2025 0.862% 0.263% 0.599%
03/01/2025 03/31/2025 0.455% 0.280% 0.175%
--- --- --- --- ---
Account Index Index Start Date Index End Date
City of Escondido ICE BofA 1-5 Year US Corporate & Government Index 08/02/2002 --- Returns City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 14 Attachment "4"
75 Item6.

Net of Fees (includes management and trading).

Returns are actual and have not been annualized.

No Tax Adjustment.

Note that data will not exist prior to the performance inception date of: 04/01/2022.

Reported Index Return is always Total Return.

Account/Index Base Market Value + Accrued Trailing Month Total Return, Net of
Fees
Trailing 3 Months
Total Return, Net of
Fees
Trailing 6 Months
Total Return, Net of
Fees
Trailing 12 Months
Total Return, Net of
Fees
Trailing 12 Months
Information Ratio,
Net of Fees
Trailing 12 Months
Sharpe Ratio, Net
of Fees
Trailing 12 Months
Standard
Deviation, Net of
Fees
Trailing 12 Months
Tracking Error, Net
of Fees
ICE BofA 1-5 Year US Corporate & Government
Index
--- 0.489% 2.002% 1.328% 5.781% --- --- 0.115% ---
City of Escondido 180,724,729.81 0.455% 1.725% 1.519% 5.540% -0.016 -0.007 0.090% 0.041% Comparison City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 15 Attachment "4"
76 Item6.

US GOV
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 9128282A7 UNITED STATES TREASURY 1,900,000.00 USD 08/15/2026 US GOV 1,840,671.82 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV 3,937,466.63 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV 2,029,296.09 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV 2,868,699.36 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV 1,128,084.88 City of Escondido 912828XZ8 UNITED STATES TREASURY 1,500,000.00 USD 06/30/2025 US GOV 1,504,984.48 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV 1,951,535.47 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV 1,785,449.28 City of Escondido 912828ZL7 UNITED STATES TREASURY 3,375,000.00 USD 04/30/2025 US GOV 3,369,682.98 City of Escondido 912828ZT0 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2025 US GOV 1,988,295.82 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV 2,785,460.72 City of Escondido 91282CAB7 UNITED STATES TREASURY 2,380,000.00 USD 07/31/2025 US GOV 2,348,998.99 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV 1,844,523.09 City of Escondido 91282CAM3 UNITED STATES TREASURY 620,000.00 USD 09/30/2025 US GOV 607,994.83 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV 1,839,109.56 City of Escondido 91282CBC4 UNITED STATES TREASURY 1,200,000.00 USD 12/31/2025 US GOV 1,168,275.22 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV 625,767.10 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV 1,241,832.38 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV 1,552,290.48 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV 970,181.55 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV 776,145.24 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV 917,183.09 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV 2,904,854.35 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV 387,313.91 Exposure - Security Type City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 16 Attachment "4"
77 Item6.

CORP
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV 1,935,760.98 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV 1,621,878.28 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV 2,316,968.97 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV 1,976,834.65 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV 347,151.45 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV 2,762,920.44 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV 480,721.88 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV 4,807,218.78 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV 384,577.50 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV 961,443.76 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV 1,976,533.92 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV 2,889,951.10 City of Escondido 91282CEU1 UNITED STATES TREASURY 2,045,000.00 USD 06/15/2025 US GOV 2,056,065.98 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV 1,961,099.78 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV 2,941,649.67 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV 2,982,689.67 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV 978,658.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV 978,658.01 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV 984,397.39 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV 1,937,854.78 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV 2,044,800.88 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV 1,022,400.44 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV 3,015,873.07 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV 4,035,364.09 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV 1,005,748.26 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV 2,011,496.52 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV 4,960,445.22 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV 1,002,426.13 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV 2,004,852.27 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV 2,006,339.45 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV 1,013,415.69 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV 2,025,110.50 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV 3,037,665.75 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV 3,039,141.05 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV 2,020,717.07 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV 3,067,759.10 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV 3,007,880.39 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV 2,005,253.59 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV 1,006,442.70 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV 3,058,651.33 City of Escondido --- UNITED STATES TREASURY 128,340,000.00 USD 08/25/2027 US GOV 126,048,915.81 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP 1,038,850.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP 471,926.67 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP 1,025,246.67 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP 957,194.44 City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP 981,329.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP 916,357.78 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP 679,133.00 Exposure - Security Type City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 17 Attachment "4"
78 Item6.

AGCY BOND
MMFUND
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 05565EBK0 BMW US CAPITAL LLC 575,000.00 USD 04/09/2025 CORP 585,604.92 City of Escondido 06406RBC0 BANK OF NEW YORK MELLON CORP 1,000,000.00 USD 04/25/2025 CORP 1,013,436.67 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP 2,006,952.00 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 250,000.00 USD 11/13/2025 CORP 245,398.75 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 353,000.00 USD 11/13/2025 CORP 346,503.03 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP 1,979,738.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP 769,087.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP 500,000.00 USD 01/06/2026 CORP 507,096.67 City of Escondido 166764BW9 CHEVRON CORP 425,000.00 USD 05/11/2025 CORP 426,144.67 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP 1,017,081.39 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP 1,425,440.00 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP 768,614.22 City of Escondido 24422EWF2 JOHN DEERE CAPITAL CORP 500,000.00 USD 06/06/2025 CORP 504,320.56 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP 904,086.67 City of Escondido 369550BG2 GENERAL DYNAMICS CORP 700,000.00 USD 05/15/2025 CORP 708,142.56 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP 950,746.11 City of Escondido 437076CM2 HOME DEPOT INC 105,000.00 USD 04/15/2025 CORP 106,227.45 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP 1,023,886.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP 659,705.67 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP 964,837.78 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP 1,073,075.17 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP 958,193.33 City of Escondido 63743HFE7 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 220,000.00 USD 06/15/2025 CORP 221,651.83 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP 676,791.57 City of Escondido 70450YAG8 PAYPAL HOLDINGS INC 500,000.00 USD 06/01/2025 CORP 500,755.00 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP 173,942.40 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP 628,125.33 City of Escondido 89236TKC8 TOYOTA MOTOR CREDIT CORP 500,000.00 USD 06/30/2025 CORP 504,292.36 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP 1,993,732.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP 200,367.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP 440,808.62 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP 2,398,652.10 City of Escondido --- --- 33,103,000.00 USD 08/09/2027 CORP 32,753,477.42 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 3130AJKW8 FEDERAL HOME LOAN BANKS 1,000,000.00 USD 06/13/2025 AGCY BOND 993,910.00 City of Escondido 3130AWLY4 FEDERAL HOME LOAN BANKS 2,000,000.00 USD 06/13/2025 AGCY BOND 2,033,670.00 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND 922,828.33 City of Escondido 3134GWYS9 FEDERAL HOME LOAN MORTGAGE CORP 1,000,000.00 USD 10/15/2025 AGCY BOND 983,716.67 City of Escondido 3135G05X7 FEDERAL NATIONAL MORTGAGE ASSOCIATION 2,000,000.00 USD 08/25/2025 AGCY BOND 1,969,990.00 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND 928,044.17 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,125,000.00 USD 11/07/2025 AGCY BOND 1,101,701.25 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 360,000.00 USD 11/07/2025 AGCY BOND 352,544.40 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 3,000,000.00 USD 03/24/2028 AGCY BOND 2,994,960.00 City of Escondido 3137EAEX3 FEDERAL HOME LOAN MORTGAGE CORP 1,150,000.00 USD 09/23/2025 AGCY BOND 1,128,694.33 City of Escondido --- --- 13,635,000.00 USD 07/05/2026 AGCY BOND 13,410,059.15 Exposure - Security Type City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 18 Attachment "4"
79 Item6.

MUNI
ABS
Summary

* Grouped by: Security Type. * Groups Sorted by: Ending Market Value + Accrued. * Weighted by: Ending Market Value + Accrued.

Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,914,236.57 USD 03/31/2025 MMFUND 3,914,236.57 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,914,236.57 USD 03/31/2025 MMFUND 3,914,236.57 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 20772KEW5 CONNECTICUT ST 630,000.00 USD 09/15/2025 MUNI 629,063.54 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 400,000.00 USD 07/01/2025 MUNI 397,966.00 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 155,000.00 USD 07/01/2025 MUNI 154,211.83 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 150,000.00 USD 07/01/2025 MUNI 149,237.25 City of Escondido 54438CYK2 LOS ANGELES CALIF CMNTY COLLEGE DIST 410,000.00 USD 08/01/2025 MUNI 405,768.12 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI 300,730.22 City of Escondido 60412AK85 MINNESOTA ST 275,000.00 USD 08/01/2025 MUNI 272,021.75 City of Escondido 797412DM2 SAN DIEGO CNTY CALIF WTR AUTH WTR REV 480,000.00 USD 05/01/2025 MUNI 480,055.60 City of Escondido 799408Z85 SAN RAMON VALLEY CALIF UNI SCH DIST 405,000.00 USD 08/01/2025 MUNI 400,793.40 City of Escondido 91412HGE7 UNIVERSITY CALIF REVS 375,000.00 USD 05/15/2025 MUNI 374,638.42 City of Escondido --- --- 3,590,000.00 USD 08/10/2025 MUNI 3,564,486.12 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 05602RAD3 BMWOT 2022-A A3 76,230.84 USD 08/25/2026 ABS 76,027.81 City of Escondido 254683CS2 DCENT 2022-2 A 715,000.00 USD 05/15/2025 ABS 714,859.76 City of Escondido 345286AC2 FORDO 2022-A A3 23,509.25 USD 06/15/2026 ABS 23,444.24 City of Escondido 380146AC4 GMCAR 2022-1 A3 41,864.04 USD 11/16/2026 ABS 41,665.51 City of Escondido 43815GAC3 HAROT 2021-4 A3 14,585.00 USD 01/21/2026 ABS 14,538.95 City of Escondido 448977AD0 HART 2022-A A3 137,817.30 USD 10/15/2026 ABS 137,349.26 City of Escondido 98163KAC6 WOART 2021-D A3 25,747.67 USD 10/15/2026 ABS 25,669.20 City of Escondido --- --- 1,034,754.10 USD 10/13/2025 ABS 1,033,554.73 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido --- --- 183,616,990.68 USD 06/15/2027 --- 180,724,729.81 Exposure - Security Type City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 19 Attachment "4"
80 Item6.

Government
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 9128282A7 UNITED STATES TREASURY 1,900,000.00 USD 08/15/2026 US GOV Government 1,840,671.82 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV Government 3,937,466.63 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV Government 2,029,296.09 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV Government 2,868,699.36 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV Government 1,128,084.88 City of Escondido 912828XZ8 UNITED STATES TREASURY 1,500,000.00 USD 06/30/2025 US GOV Government 1,504,984.48 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV Government 1,951,535.47 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV Government 1,785,449.28 City of Escondido 912828ZL7 UNITED STATES TREASURY 3,375,000.00 USD 04/30/2025 US GOV Government 3,369,682.98 City of Escondido 912828ZT0 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2025 US GOV Government 1,988,295.82 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV Government 2,785,460.72 City of Escondido 91282CAB7 UNITED STATES TREASURY 2,380,000.00 USD 07/31/2025 US GOV Government 2,348,998.99 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV Government 1,844,523.09 City of Escondido 91282CAM3 UNITED STATES TREASURY 620,000.00 USD 09/30/2025 US GOV Government 607,994.83 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV Government 1,839,109.56 City of Escondido 91282CBC4 UNITED STATES TREASURY 1,200,000.00 USD 12/31/2025 US GOV Government 1,168,275.22 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV Government 625,767.10 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV Government 1,241,832.38 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV Government 1,552,290.48 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV Government 970,181.55 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV Government 776,145.24 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV Government 917,183.09 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV Government 2,904,854.35 Exposure - Market Sector City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 20 Attachment "4"
81 Item6.

Industrial
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV Government 387,313.91 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV Government 1,935,760.98 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV Government 1,621,878.28 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV Government 2,316,968.97 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV Government 1,976,834.65 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV Government 347,151.45 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV Government 2,762,920.44 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV Government 480,721.88 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV Government 4,807,218.78 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV Government 384,577.50 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV Government 961,443.76 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV Government 1,976,533.92 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV Government 2,889,951.10 City of Escondido 91282CEU1 UNITED STATES TREASURY 2,045,000.00 USD 06/15/2025 US GOV Government 2,056,065.98 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV Government 1,961,099.78 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV Government 2,941,649.67 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV Government 2,982,689.67 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV Government 978,658.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV Government 978,658.01 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV Government 984,397.39 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV Government 1,937,854.78 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV Government 2,044,800.88 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV Government 1,022,400.44 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV Government 3,015,873.07 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV Government 4,035,364.09 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV Government 1,005,748.26 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV Government 2,011,496.52 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV Government 4,960,445.22 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV Government 1,002,426.13 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV Government 2,004,852.27 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV Government 2,006,339.45 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV Government 1,013,415.69 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV Government 2,025,110.50 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV Government 3,037,665.75 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV Government 3,039,141.05 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV Government 2,020,717.07 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV Government 3,067,759.10 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV Government 3,007,880.39 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV Government 2,005,253.59 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV Government 1,006,442.70 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV Government 3,058,651.33 City of Escondido --- UNITED STATES TREASURY 128,340,000.00 USD 08/25/2027 US GOV Government 126,048,915.81 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP Industrial 1,038,850.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP Industrial 471,926.67 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP Industrial 1,025,246.67 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP Industrial 957,194.44 City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP Industrial 981,329.17 Exposure - Market Sector City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 21 Attachment "4"
82 Item6.

Agency
Financial
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP Industrial 916,357.78 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP Industrial 679,133.00 City of Escondido 05565EBK0 BMW US CAPITAL LLC 575,000.00 USD 04/09/2025 CORP Industrial 585,604.92 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 250,000.00 USD 11/13/2025 CORP Industrial 245,398.75 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 353,000.00 USD 11/13/2025 CORP Industrial 346,503.03 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP Industrial 1,979,738.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP Industrial 769,087.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP 500,000.00 USD 01/06/2026 CORP Industrial 507,096.67 City of Escondido 166764BW9 CHEVRON CORP 425,000.00 USD 05/11/2025 CORP Industrial 426,144.67 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP Industrial 1,425,440.00 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP Industrial 768,614.22 City of Escondido 24422EWF2 JOHN DEERE CAPITAL CORP 500,000.00 USD 06/06/2025 CORP Industrial 504,320.56 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP Industrial 904,086.67 City of Escondido 369550BG2 GENERAL DYNAMICS CORP 700,000.00 USD 05/15/2025 CORP Industrial 708,142.56 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP Industrial 950,746.11 City of Escondido 437076CM2 HOME DEPOT INC 105,000.00 USD 04/15/2025 CORP Industrial 106,227.45 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP Industrial 1,023,886.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Industrial 659,705.67 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP Industrial 964,837.78 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP Industrial 958,193.33 City of Escondido 70450YAG8 PAYPAL HOLDINGS INC 500,000.00 USD 06/01/2025 CORP Industrial 500,755.00 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP Industrial 173,942.40 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP Industrial 628,125.33 City of Escondido 89236TKC8 TOYOTA MOTOR CREDIT CORP 500,000.00 USD 06/30/2025 CORP Industrial 504,292.36 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP Industrial 1,993,732.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP Industrial 200,367.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP Industrial 440,808.62 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Industrial 2,398,652.10 City of Escondido --- --- 27,213,000.00 USD 06/27/2027 CORP Industrial 26,744,488.80 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 3130AJKW8 FEDERAL HOME LOAN BANKS 1,000,000.00 USD 06/13/2025 AGCY BOND Agency 993,910.00 City of Escondido 3130AWLY4 FEDERAL HOME LOAN BANKS 2,000,000.00 USD 06/13/2025 AGCY BOND Agency 2,033,670.00 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND Agency 922,828.33 City of Escondido 3134GWYS9 FEDERAL HOME LOAN MORTGAGE CORP 1,000,000.00 USD 10/15/2025 AGCY BOND Agency 983,716.67 City of Escondido 3135G05X7 FEDERAL NATIONAL MORTGAGE ASSOCIATION 2,000,000.00 USD 08/25/2025 AGCY BOND Agency 1,969,990.00 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND Agency 928,044.17 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,125,000.00 USD 11/07/2025 AGCY BOND Agency 1,101,701.25 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 360,000.00 USD 11/07/2025 AGCY BOND Agency 352,544.40 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 3,000,000.00 USD 03/24/2028 AGCY BOND Agency 2,994,960.00 City of Escondido 3137EAEX3 FEDERAL HOME LOAN MORTGAGE CORP 1,150,000.00 USD 09/23/2025 AGCY BOND Agency 1,128,694.33 City of Escondido --- --- 13,635,000.00 USD 07/05/2026 AGCY BOND Agency 13,410,059.15 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 06406RBC0 BANK OF NEW YORK MELLON CORP 1,000,000.00 USD 04/25/2025 CORP Financial 1,013,436.67 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP Financial 2,006,952.00 Exposure - Market Sector City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 22 Attachment "4"
83 Item6.

Cash
Municipal
Asset Backed
Summary

* Grouped by: Market Sector. * Groups Sorted by: Ending Market Value + Accrued. * Weighted by: Ending Market Value + Accrued.

Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Financial 1,017,081.39 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP Financial 1,073,075.17 City of Escondido 63743HFE7 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP
220,000.00 USD 06/15/2025 CORP Financial 221,651.83
City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Financial 676,791.57 City of Escondido --- --- 5,890,000.00 USD 02/15/2028 CORP Financial 6,008,988.62 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,914,236.57 USD 03/31/2025 MMFUND Cash 3,914,236.57 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,914,236.57 USD 03/31/2025 MMFUND Cash 3,914,236.57 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 20772KEW5 CONNECTICUT ST 630,000.00 USD 09/15/2025 MUNI Municipal 629,063.54 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 400,000.00 USD 07/01/2025 MUNI Municipal 397,966.00 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 155,000.00 USD 07/01/2025 MUNI Municipal 154,211.83 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 150,000.00 USD 07/01/2025 MUNI Municipal 149,237.25 City of Escondido 54438CYK2 LOS ANGELES CALIF CMNTY COLLEGE DIST 410,000.00 USD 08/01/2025 MUNI Municipal 405,768.12 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI Municipal 300,730.22 City of Escondido 60412AK85 MINNESOTA ST 275,000.00 USD 08/01/2025 MUNI Municipal 272,021.75 City of Escondido 797412DM2 SAN DIEGO CNTY CALIF WTR AUTH WTR REV 480,000.00 USD 05/01/2025 MUNI Municipal 480,055.60 City of Escondido 799408Z85 SAN RAMON VALLEY CALIF UNI SCH DIST 405,000.00 USD 08/01/2025 MUNI Municipal 400,793.40 City of Escondido 91412HGE7 UNIVERSITY CALIF REVS 375,000.00 USD 05/15/2025 MUNI Municipal 374,638.42 City of Escondido --- --- 3,590,000.00 USD 08/10/2025 MUNI Municipal 3,564,486.12 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 05602RAD3 BMWOT 2022-A A3 76,230.84 USD 08/25/2026 ABS Asset Backed 76,027.81 City of Escondido 254683CS2 DCENT 2022-2 A 715,000.00 USD 05/15/2025 ABS Asset Backed 714,859.76 City of Escondido 345286AC2 FORDO 2022-A A3 23,509.25 USD 06/15/2026 ABS Asset Backed 23,444.24 City of Escondido 380146AC4 GMCAR 2022-1 A3 41,864.04 USD 11/16/2026 ABS Asset Backed 41,665.51 City of Escondido 43815GAC3 HAROT 2021-4 A3 14,585.00 USD 01/21/2026 ABS Asset Backed 14,538.95 City of Escondido 448977AD0 HART 2022-A A3 137,817.30 USD 10/15/2026 ABS Asset Backed 137,349.26 City of Escondido 98163KAC6 WOART 2021-D A3 25,747.67 USD 10/15/2026 ABS Asset Backed 25,669.20 City of Escondido --- --- 1,034,754.10 USD 10/13/2025 ABS Asset Backed 1,033,554.73 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido --- --- 183,616,990.68 USD 06/15/2027 --- --- 180,724,729.81 Exposure - Market Sector City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 23 Attachment "4"
84 Item6.

Government of The United States
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 9128282A7 UNITED STATES TREASURY 1,900,000.00 USD 08/15/2026 US GOV United States Department of The Treasury Government of The United States 1,840,671.82 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV United States Department of The Treasury Government of The United States 3,937,466.63 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV United States Department of The Treasury Government of The United States 2,029,296.09 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV United States Department of The Treasury Government of The United States 2,868,699.36 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV United States Department of The Treasury Government of The United States 1,128,084.88 City of Escondido 912828XZ8 UNITED STATES TREASURY 1,500,000.00 USD 06/30/2025 US GOV United States Department of The Treasury Government of The United States 1,504,984.48 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV United States Department of The Treasury Government of The United States 1,951,535.47 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV United States Department of The Treasury Government of The United States 1,785,449.28 City of Escondido 912828ZL7 UNITED STATES TREASURY 3,375,000.00 USD 04/30/2025 US GOV United States Department of The Treasury Government of The United States 3,369,682.98 City of Escondido 912828ZT0 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2025 US GOV United States Department of The Treasury Government of The United States 1,988,295.82 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV United States Department of The Treasury Government of The United States 2,785,460.72 City of Escondido 91282CAB7 UNITED STATES TREASURY 2,380,000.00 USD 07/31/2025 US GOV United States Department of The Treasury Government of The United States 2,348,998.99 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV United States Department of The Treasury Government of The United States 1,844,523.09 City of Escondido 91282CAM3 UNITED STATES TREASURY 620,000.00 USD 09/30/2025 US GOV United States Department of The Treasury Government of The United States 607,994.83 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV United States Department of The Treasury Government of The United States 1,839,109.56 City of Escondido 91282CBC4 UNITED STATES TREASURY 1,200,000.00 USD 12/31/2025 US GOV United States Department of The Treasury Government of The United States 1,168,275.22 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV United States Department of The Treasury Government of The United States 625,767.10 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV United States Department of The Treasury Government of The United States 1,241,832.38 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV United States Department of The Treasury Government of The United States 1,552,290.48 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV United States Department of The Treasury Government of The United States 970,181.55 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV United States Department of The Treasury Government of The United States 776,145.24 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV United States Department of The Treasury Government of The United States 917,183.09 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV United States Department of The Treasury Government of The United States 2,904,854.35 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 24 Attachment "4"
85 Item6.

Federal National Mortgage Association
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV United States Department of The Treasury Government of The United States 387,313.91 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV United States Department of The Treasury Government of The United States 1,935,760.98 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV United States Department of The Treasury Government of The United States 1,621,878.28 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV United States Department of The Treasury Government of The United States 2,316,968.97 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV United States Department of The Treasury Government of The United States 1,976,834.65 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV United States Department of The Treasury Government of The United States 347,151.45 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV United States Department of The Treasury Government of The United States 2,762,920.44 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV United States Department of The Treasury Government of The United States 480,721.88 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV United States Department of The Treasury Government of The United States 4,807,218.78 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV United States Department of The Treasury Government of The United States 384,577.50 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV United States Department of The Treasury Government of The United States 961,443.76 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV United States Department of The Treasury Government of The United States 1,976,533.92 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV United States Department of The Treasury Government of The United States 2,889,951.10 City of Escondido 91282CEU1 UNITED STATES TREASURY 2,045,000.00 USD 06/15/2025 US GOV United States Department of The Treasury Government of The United States 2,056,065.98 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV United States Department of The Treasury Government of The United States 1,961,099.78 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV United States Department of The Treasury Government of The United States 2,941,649.67 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV United States Department of The Treasury Government of The United States 2,982,689.67 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV United States Department of The Treasury Government of The United States 978,658.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV United States Department of The Treasury Government of The United States 978,658.01 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV United States Department of The Treasury Government of The United States 984,397.39 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV United States Department of The Treasury Government of The United States 1,937,854.78 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV United States Department of The Treasury Government of The United States 2,044,800.88 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV United States Department of The Treasury Government of The United States 1,022,400.44 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV United States Department of The Treasury Government of The United States 3,015,873.07 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV United States Department of The Treasury Government of The United States 4,035,364.09 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV United States Department of The Treasury Government of The United States 1,005,748.26 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV United States Department of The Treasury Government of The United States 2,011,496.52 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV United States Department of The Treasury Government of The United States 4,960,445.22 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV United States Department of The Treasury Government of The United States 1,002,426.13 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV United States Department of The Treasury Government of The United States 2,004,852.27 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV United States Department of The Treasury Government of The United States 2,006,339.45 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV United States Department of The Treasury Government of The United States 1,013,415.69 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV United States Department of The Treasury Government of The United States 2,025,110.50 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV United States Department of The Treasury Government of The United States 3,037,665.75 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV United States Department of The Treasury Government of The United States 3,039,141.05 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV United States Department of The Treasury Government of The United States 2,020,717.07 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV United States Department of The Treasury Government of The United States 3,067,759.10 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV United States Department of The Treasury Government of The United States 3,007,880.39 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV United States Department of The Treasury Government of The United States 2,005,253.59 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV United States Department of The Treasury Government of The United States 1,006,442.70 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV United States Department of The Treasury Government of The United States 3,058,651.33 City of Escondido --- UNITED STATES TREASURY 128,340,000.00 USD 08/25/2027 US GOV United States Department of The Treasury
Government of The United States 126,048,915.81
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 3135G05X7 FEDERAL NATIONAL MORTGAGE

ASSOCIATION
2,000,000.00 USD 08/25/2025 AGCY BOND Federal National Mortgage Association Federal National Mortgage Association 1,969,990.00 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE

ASSOCIATION
1,000,000.00 USD 10/08/2027 AGCY BOND Federal National Mortgage Association Federal National Mortgage Association 928,044.17 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 25 Attachment "4"
86 Item6.
(X9USDBRD2) BLAKCROCK
Federal Home Loan Banks
The Bank of New York Mellon Corporation
UnitedHealth Group Incorporated
Waste Management, Inc.

Federal Home Loan Mortgage Corporation
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE

ASSOCIATION
1,125,000.00 USD 11/07/2025 AGCY BOND Federal National Mortgage Association Federal National Mortgage Association 1,101,701.25 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE

ASSOCIATION
360,000.00 USD 11/07/2025 AGCY BOND Federal National Mortgage Association Federal National Mortgage Association 352,544.40 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE

ASSOCIATION
3,000,000.00 USD 03/24/2028 AGCY BOND Federal National Mortgage Association Federal National Mortgage Association 2,994,960.00 City of Escondido --- FEDERAL NATIONAL MORTGAGE

ASSOCIATION
7,485,000.00 USD 01/03/2027 AGCY BOND Federal National Mortgage Association Federal National Mortgage Association 7,347,239.82 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
3,914,236.57 USD 03/31/2025 MMFUND BLAKCROCK (X9USDBRD2) BLAKCROCK 3,914,236.57 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
3,914,236.57 USD 03/31/2025 MMFUND BLAKCROCK (X9USDBRD2) BLAKCROCK 3,914,236.57 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 3130AJKW8 FEDERAL HOME LOAN BANKS 1,000,000.00 USD 06/13/2025 AGCY BOND Federal Home Loan Banks Federal Home Loan Banks 993,910.00 City of Escondido 3130AWLY4 FEDERAL HOME LOAN BANKS 2,000,000.00 USD 06/13/2025 AGCY BOND Federal Home Loan Banks Federal Home Loan Banks 2,033,670.00 City of Escondido --- FEDERAL HOME LOAN BANKS 3,000,000.00 USD 06/13/2025 AGCY BOND Federal Home Loan Banks Federal Home Loan Banks 3,027,580.00 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 06406RBC0 BANK OF NEW YORK MELLON CORP 1,000,000.00 USD 04/25/2025 CORP The Bank of New York Mellon Corporation The Bank of New York Mellon Corporation 1,013,436.67 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP The Bank of New York Mellon Corporation The Bank of New York Mellon Corporation 2,006,952.00 City of Escondido --- BANK OF NEW YORK MELLON CORP 3,000,000.00 USD 05/26/2027 CORP The Bank of New York Mellon Corporation
The Bank of New York Mellon
Corporation
3,020,388.67
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 1,993,732.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 200,367.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 440,808.62 City of Escondido --- UNITEDHEALTH GROUP INC 2,640,000.00 USD 03/10/2028 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 2,634,908.40 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Waste Management, Inc. Waste Management, Inc. 2,398,652.10 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Waste Management, Inc. Waste Management, Inc. 2,398,652.10 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 26 Attachment "4"
87 Item6.

The Home Depot, Inc.

Berkshire Hathaway Inc.

Apple Inc.

Amazon.com, Inc.

The Coca-Cola Company
Caterpillar Inc.

Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 3134GWYS9 FEDERAL HOME LOAN MORTGAGE
CORP
1,000,000.00 USD 10/15/2025 AGCY BOND Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation 983,716.67 City of Escondido 3137EAEX3 FEDERAL HOME LOAN MORTGAGE
CORP
1,150,000.00 USD 09/23/2025 AGCY BOND Federal Home Loan Mortgage Corporation Federal Home Loan Mortgage Corporation 1,128,694.33 City of Escondido --- FEDERAL HOME LOAN MORTGAGE
CORP
2,150,000.00 USD 10/03/2025 AGCY BOND Federal Home Loan Mortgage Corporation
Federal Home Loan Mortgage
Corporation
2,112,411.00
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 950,746.11 City of Escondido 437076CM2 HOME DEPOT INC 105,000.00 USD 04/15/2025 CORP The Home Depot, Inc. The Home Depot, Inc. 106,227.45 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 1,023,886.67 City of Escondido --- HOME DEPOT INC 2,105,000.00 USD 04/03/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 2,080,860.23 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC
2,000,000.00 USD 06/15/2027 CORP Burlington Northern Santa Fe, LLC Berkshire Hathaway Inc. 1,979,738.89 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC
2,000,000.00 USD 06/15/2027 CORP Burlington Northern Santa Fe, LLC Berkshire Hathaway Inc. 1,979,738.89 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP Apple Inc. Apple Inc. 981,329.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP Apple Inc. Apple Inc. 916,357.78 City of Escondido --- APPLE INC 2,000,000.00 USD 07/23/2027 CORP Apple Inc. Apple Inc. 1,897,686.94 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP Amazon.com, Inc. Amazon.com, Inc. 471,926.67 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP Amazon.com, Inc. Amazon.com, Inc. 1,025,246.67 City of Escondido --- AMAZON.COM INC 1,500,000.00 USD 10/05/2027 CORP Amazon.com, Inc. Amazon.com, Inc. 1,497,173.33 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP The Coca-Cola Company The Coca-Cola Company 1,425,440.00 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP The Coca-Cola Company The Coca-Cola Company 1,425,440.00 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP
800,000.00 USD 01/08/2027 CORP Caterpillar Financial Services Corporation Caterpillar Inc. 769,087.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP
500,000.00 USD 01/06/2026 CORP Caterpillar Financial Services Corporation Caterpillar Inc. 507,096.67 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 27 Attachment "4"
88 Item6.

Deere & Company
JPMorgan Chase & Co.

Adobe Inc.

Citigroup Inc.

International Business Machines Corporation
Mastercard Incorporated
Honda Motor Co., Ltd.

Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido --- CATERPILLAR FINANCIAL SERVICES
CORP
1,300,000.00 USD 08/15/2026 CORP Caterpillar Financial Services Corporation
Caterpillar Inc. 1,276,184.22
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP John Deere Capital Corporation Deere & Company 768,614.22 City of Escondido 24422EWF2 JOHN DEERE CAPITAL CORP 500,000.00 USD 06/06/2025 CORP John Deere Capital Corporation Deere & Company 504,320.56 City of Escondido --- JOHN DEERE CAPITAL CORP 1,300,000.00 USD 05/25/2026 CORP John Deere Capital Corporation Deere & Company 1,272,934.78 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP JPMorgan Chase & Co. JPMorgan Chase & Co. 1,073,075.17 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP JPMorgan Chase & Co. JPMorgan Chase & Co. 1,073,075.17 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP Adobe Inc. Adobe Inc. 1,038,850.00 City of Escondido 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP Adobe Inc. Adobe Inc. 1,038,850.00 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Citibank Citigroup Inc. 1,017,081.39 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Citibank Citigroup Inc. 1,017,081.39 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP
1,000,000.00 USD 02/09/2027 CORP International Business Machines Corporation
International Business Machines
Corporation
964,837.78
City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP
1,000,000.00 USD 02/09/2027 CORP International Business Machines Corporation
International Business Machines
Corporation
964,837.78
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP Mastercard Incorporated Mastercard Incorporated 958,193.33 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP Mastercard Incorporated Mastercard Incorporated 958,193.33 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP American Honda Finance Corporation Honda Motor Co., Ltd. 957,194.44 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP American Honda Finance Corporation Honda Motor Co., Ltd. 957,194.44 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 28 Attachment "4"
89 Item6.

Farm Credit System
The Walt Disney Company
Target Corporation
Discover Card Execution Note Trust, Series 2022-2
General Dynamics Corporation
Florida Hurricane Catastrophe Fund Finance Corporation
AstraZeneca PLC
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS

FUNDING CORP
1,000,000.00 USD 09/21/2027 AGCY BOND Federal Farm Credit Banks Funding Corporation
Farm Credit System 922,828.33
City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS

FUNDING CORP
1,000,000.00 USD 09/21/2027 AGCY BOND Federal Farm Credit Banks Funding Corporation
Farm Credit System 922,828.33
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP The Walt Disney Company The Walt Disney Company 904,086.67 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP The Walt Disney Company The Walt Disney Company 904,086.67 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP Target Corporation Target Corporation 173,942.40 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP Target Corporation Target Corporation 628,125.33 City of Escondido 87612EBM7 TARGET CORP 830,000.00 USD 01/15/2027 CORP Target Corporation Target Corporation 802,067.73 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 254683CS2 DCENT 2022-2 A 715,000.00 USD 05/15/2025 ABS Discover Card Execution Note Trust, Series 2022-2
Discover Card Execution Note Trust,
Series 2022-2
714,859.76
City of Escondido 254683CS2 DCENT 2022-2 A 715,000.00 USD 05/15/2025 ABS Discover Card Execution Note Trust, Series 2022-2
Discover Card Execution Note Trust,
Series 2022-2
714,859.76
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 369550BG2 GENERAL DYNAMICS CORP 700,000.00 USD 05/15/2025 CORP General Dynamics Corporation General Dynamics Corporation 708,142.56 City of Escondido 369550BG2 GENERAL DYNAMICS CORP 700,000.00 USD 05/15/2025 CORP General Dynamics Corporation General Dynamics Corporation 708,142.56 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 400,000.00 USD 07/01/2025 MUNI Florida Hurricane Catastrophe Fund Finance Corporation
Florida Hurricane Catastrophe Fund
Finance Corporation
397,966.00
City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 155,000.00 USD 07/01/2025 MUNI Florida Hurricane Catastrophe Fund Finance Corporation
Florida Hurricane Catastrophe Fund
Finance Corporation
154,211.83
City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV 150,000.00 USD 07/01/2025 MUNI Florida Hurricane Catastrophe Fund Finance Corporation
Florida Hurricane Catastrophe Fund
Finance Corporation
149,237.25
City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV
705,000.00 USD 07/01/2025 MUNI Florida Hurricane Catastrophe Fund Finance Corporation
Florida Hurricane Catastrophe Fund
Finance Corporation
701,415.07
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP AstraZeneca Finance LLC AstraZeneca PLC 679,133.00 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 29 Attachment "4"
90 Item6.

Northern Trust Corporation
Honeywell International Inc.

State of Connecticut
Bristol-Myers Squibb Company
Bayerische Motoren Werke Aktiengesellschaft
Toyota Motor Corporation
PayPal Holdings, Inc.

Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP AstraZeneca Finance LLC AstraZeneca PLC 679,133.00 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Northern Trust Corporation Northern Trust Corporation 676,791.57 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Northern Trust Corporation Northern Trust Corporation 676,791.57 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Honeywell International Inc. Honeywell International Inc. 659,705.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Honeywell International Inc. Honeywell International Inc. 659,705.67 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 20772KEW5 CONNECTICUT ST 630,000.00 USD 09/15/2025 MUNI State of Connecticut State of Connecticut 629,063.54 City of Escondido 20772KEW5 CONNECTICUT ST 630,000.00 USD 09/15/2025 MUNI State of Connecticut State of Connecticut 629,063.54 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 250,000.00 USD 11/13/2025 CORP Bristol-Myers Squibb Company Bristol-Myers Squibb Company 245,398.75 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 353,000.00 USD 11/13/2025 CORP Bristol-Myers Squibb Company Bristol-Myers Squibb Company 346,503.03 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 603,000.00 USD 11/13/2025 CORP Bristol-Myers Squibb Company Bristol-Myers Squibb Company 591,901.79 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 05565EBK0 BMW US CAPITAL LLC 575,000.00 USD 04/09/2025 CORP BMW US Capital, LLC Bayerische Motoren Werke Aktiengesellschaft
585,604.92
City of Escondido 05565EBK0 BMW US CAPITAL LLC 575,000.00 USD 04/09/2025 CORP BMW US Capital, LLC Bayerische Motoren Werke Aktiengesellschaft
585,604.92
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 89236TKC8 TOYOTA MOTOR CREDIT CORP 500,000.00 USD 06/30/2025 CORP Toyota Motor Credit Corporation Toyota Motor Corporation 504,292.36 City of Escondido 89236TKC8 TOYOTA MOTOR CREDIT CORP 500,000.00 USD 06/30/2025 CORP Toyota Motor Credit Corporation Toyota Motor Corporation 504,292.36 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 70450YAG8 PAYPAL HOLDINGS INC 500,000.00 USD 06/01/2025 CORP PayPal Holdings, Inc. PayPal Holdings, Inc. 500,755.00 City of Escondido 70450YAG8 PAYPAL HOLDINGS INC 500,000.00 USD 06/01/2025 CORP PayPal Holdings, Inc. PayPal Holdings, Inc. 500,755.00 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 30 Attachment "4"
91 Item6.

San Diego County Water Authority
Chevron Corporation
Los Angeles Community College District
San Ramon Valley Unified School District
University of California
County of Los Angeles, California
State Of Minnesota
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 797412DM2 SAN DIEGO CNTY CALIF WTR AUTH

WTR REV
480,000.00 USD 05/01/2025 MUNI San Diego County Water Authority San Diego County Water Authority 480,055.60 City of Escondido 797412DM2 SAN DIEGO CNTY CALIF WTR AUTH

WTR REV
480,000.00 USD 05/01/2025 MUNI San Diego County Water Authority San Diego County Water Authority 480,055.60 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 166764BW9 CHEVRON CORP 425,000.00 USD 05/11/2025 CORP Chevron Corporation Chevron Corporation 426,144.67 City of Escondido 166764BW9 CHEVRON CORP 425,000.00 USD 05/11/2025 CORP Chevron Corporation Chevron Corporation 426,144.67 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 54438CYK2 LOS ANGELES CALIF CMNTY COLLEGE DIST
410,000.00 USD 08/01/2025 MUNI Los Angeles Community College District Los Angeles Community College District 405,768.12 City of Escondido 54438CYK2 LOS ANGELES CALIF CMNTY

COLLEGE DIST
410,000.00 USD 08/01/2025 MUNI Los Angeles Community College District
Los Angeles Community College
District
405,768.12
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 799408Z85 SAN RAMON VALLEY CALIF UNI SCH DIST
405,000.00 USD 08/01/2025 MUNI San Ramon Valley Unified School District San Ramon Valley Unified School District 400,793.40 City of Escondido 799408Z85 SAN RAMON VALLEY CALIF UNI SCH DIST
405,000.00 USD 08/01/2025 MUNI San Ramon Valley Unified School District
San Ramon Valley Unified School
District
400,793.40
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 91412HGE7 UNIVERSITY CALIF REVS 375,000.00 USD 05/15/2025 MUNI University of California University of California 374,638.42 City of Escondido 91412HGE7 UNIVERSITY CALIF REVS 375,000.00 USD 05/15/2025 MUNI University of California University of California 374,638.42 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI Los Angeles Unified School District County of Los Angeles, California 300,730.22 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI Los Angeles Unified School District County of Los Angeles, California 300,730.22 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 60412AK85 MINNESOTA ST 275,000.00 USD 08/01/2025 MUNI State Of Minnesota State Of Minnesota 272,021.75 City of Escondido 60412AK85 MINNESOTA ST 275,000.00 USD 08/01/2025 MUNI State Of Minnesota State Of Minnesota 272,021.75 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 31 Attachment "4"
92 Item6.

National Rural Utilities Cooperative Finance Corporation Hyundai Auto Receivables Trust 2022-A
Bmw Vehicle Owner Trust 2022-A
GM Financial Consumer Automobile Receivables Trust 2022-1 World Omni Auto Receivables Trust 2021-D
Ford Credit Auto Owner Trust 2022-A
Honda Auto Receivables 2021 - 4 Owner Trust
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 63743HFE7 NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP
220,000.00 USD 06/15/2025 CORP National Rural Utilities Cooperative Finance Corporation
National Rural Utilities Cooperative
Finance Corporation
221,651.83
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 448977AD0 HART 2022-A A3 137,817.30 USD 10/15/2026 ABS Hyundai Auto Receivables Trust 2022-A Hyundai Auto Receivables Trust 2022-A 137,349.26 City of Escondido 448977AD0 HART 2022-A A3 137,817.30 USD 10/15/2026 ABS Hyundai Auto Receivables Trust 2022-A Hyundai Auto Receivables Trust 2022-A 137,349.26 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 05602RAD3 BMWOT 2022-A A3 76,230.84 USD 08/25/2026 ABS Bmw Vehicle Owner Trust 2022-A Bmw Vehicle Owner Trust 2022-A 76,027.81 City of Escondido 05602RAD3 BMWOT 2022-A A3 76,230.84 USD 08/25/2026 ABS Bmw Vehicle Owner Trust 2022-A Bmw Vehicle Owner Trust 2022-A 76,027.81 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 380146AC4 GMCAR 2022-1 A3 41,864.04 USD 11/16/2026 ABS GM Financial Consumer Automobile Receivables Trust 2022-1
GM Financial Consumer Automobile
Receivables Trust 2022-1
41,665.51
City of Escondido 380146AC4 GMCAR 2022-1 A3 41,864.04 USD 11/16/2026 ABS GM Financial Consumer Automobile Receivables Trust 2022-1
GM Financial Consumer Automobile
Receivables Trust 2022-1
41,665.51
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 98163KAC6 WOART 2021-D A3 25,747.67 USD 10/15/2026 ABS World Omni Auto Receivables Trust 2021- D
World Omni Auto Receivables Trust 2021-
D
25,669.20
City of Escondido 98163KAC6 WOART 2021-D A3 25,747.67 USD 10/15/2026 ABS World Omni Auto Receivables Trust 2021-D
World Omni Auto Receivables Trust
2021-D
25,669.20
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 345286AC2 FORDO 2022-A A3 23,509.25 USD 06/15/2026 ABS Ford Credit Auto Owner Trust 2022-A Ford Credit Auto Owner Trust 2022-A 23,444.24 City of Escondido 345286AC2 FORDO 2022-A A3 23,509.25 USD 06/15/2026 ABS Ford Credit Auto Owner Trust 2022-A Ford Credit Auto Owner Trust 2022-A 23,444.24 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 43815GAC3 HAROT 2021-4 A3 14,585.00 USD 01/21/2026 ABS Honda Auto Receivables 2021 - 4 Owner Trust
Honda Auto Receivables 2021 - 4 Owner
Trust
14,538.95
City of Escondido 43815GAC3 HAROT 2021-4 A3 14,585.00 USD 01/21/2026 ABS Honda Auto Receivables 2021 - 4 Owner Trust
Honda Auto Receivables 2021 - 4 Owner
Trust
14,538.95
Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 32 Attachment "4"
93 Item6.

Summary

* Grouped by: Issuer Concentration. * Groups Sorted by: Ending Market Value + Accrued. * Weighted by: Ending Market Value + Accrued.

Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido --- --- 183,616,990.68 USD 06/15/2027 --- --- --- 180,724,729.81 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 33 Attachment "4"
94 Item6.

Net of Fees (includes management and trading).

Returns are actual and have not been annualized.

No Tax Adjustment.

Note that data will not exist prior to the performance inception date of: 04/01/2022.

Period Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees Prior Month 02/01/2025 02/28/2025 0.862% 0.263% 0.599%
Prior Quarter 10/01/2024 12/31/2024 -0.202% 0.789% -0.991% Prior Year 12/30/2023 12/31/2024 4.201% 3.017% 1.184%
Trailing Month 03/01/2025 03/31/2025 0.455% 0.280% 0.175% Trailing Quarter 01/01/2025 03/31/2025 1.725% 0.829% 0.896% Trailing Year 04/01/2024 03/31/2025 5.540% 3.208% 2.331% Account Index Index Start Date Index End Date
City of Escondido ICE BofA 1-5 Year US Corporate & Government Index 08/02/2002 --- Summary City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 34 Attachment "4"
95 Item6.

Compliance Summary

City of Escondido - City Escondido Compliance
Compliant
Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Compliant City of Escondido City Escondido Compliance 60 60 0 Status Account Policy Name Category Name Rule Name Days In Violation
Actual Value Actual Value
without
Resolutions
Limit Value Notes Resolutions
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments U.S. Treasury Obligations & Agency Securities
0 77.167 77.167 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Municipal Securities
0 1.972 1.972 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Supranational 0 --- --- 100.000 N N Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Negotiable Certificates of Deposit
0 --- --- 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Banker's Acceptances
0 --- --- 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Commercial Paper 0 --- --- 100.000 N N Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Repurchase Agreements
0 --- --- 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Local Agency Investment Fund
0 --- --- 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investment Local Government Investment Pools
0 69.746 69.746 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Bank Deposits 0 3.202 3.202 100.000 N N Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Placement Service Deposits
0 --- --- 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Medium-Term Notes
0 --- --- 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Asset-Backed Securities
0 0.572 0.572 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Money Market Funds
0 2.166 2.166 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Repurchase Agreements 102% Collateralized
0 --- --- 100.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Municipal Securities
0 1.972 1.972 40.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Supranational 0 --- --- 30.000 N N Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Negotiable Certificates of Deposit
0 --- --- 30.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Banker's Acceptances
0 --- --- 30.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Commercial Paper
0 --- --- 25.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Local Agency Investment Fund
0 --- --- 75.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Placement Service Deposits
0 --- --- 30.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Medium Term Notes
0 --- --- 30.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Asset-Backed Securities
0 0.572 0.572 20.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Callable Agency Securities
0 17.381 17.381 30.000 N N
Status City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 35 Attachment "4"
96 Item6.

Status Account Policy Name Category Name Rule Name Days In Violation
Actual Value Actual Value
without
Resolutions
Limit Value Notes Resolutions
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Money Market Funds
0 2.166 2.166 20.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Time Certificate of Deposits
0 --- --- 20.000 N N
Compliant City of Escondido City Escondido Compliance Credit Rating Minimum Credit Rating for Municipal Securities - A/A2
0 --- --- 0 N N
Compliant City of Escondido City Escondido Compliance Credit Rating Minimum Credit Rating for Supranational - AA/Aa2
0 --- --- 0 N N
Compliant City of Escondido City Escondido Compliance Credit Rating Minimum Credit Rating for Negotiable Certificates of Deposits - A/A2
0 --- --- 0 N N
Compliant City of Escondido City Escondido Compliance Credit Rating Minimum Credit Rating for Banker's Acceptance - A-1
0 --- --- 0 N N
Compliant City of Escondido City Escondido Compliance Credit Rating Minimum Credit Rating for Commercial Paper - A-1/P-1
0 --- --- 0 N N
Compliant City of Escondido City Escondido Compliance Credit Rating Minimum Credit Rating for Medium Term Notes - A
0 --- --- 0 N N
Compliant City of Escondido City Escondido Compliance Credit Rating Minimum Credit Rating for Asset-Backed Securities - AA
0 --- --- 0 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for U.S.

Agency Securities
0 4.065 4.065 30.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Municipal Securities
0 0.388 0.388 5.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Supranational
0 --- --- 30.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Negotiable Certificates of Deposit
0 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Banker's Acceptances
0 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer concentration for Commercial Paper
0 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Placement Service Deposits
0 --- --- 30.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Medium Term Notes
0 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Asset- Backed Securities
0 0.396 0.396 5.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Money Market Funds
0 2.166 2.166 20.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer concentration for Outstanding Commercial Paper
0 --- --- 10.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Short-Term Investment Shall be 25% of General Fund
0 --- --- 25.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for U.S. Treasury Obligations
0 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for U.S. Agency Securities
0 4.997 5.033 5.000 N Y
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Municipal Securities 0 4.934 4.934 5.000 N N Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Supranational 0 --- --- 5.000 N N Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Negotiable Certificates of Deposit
0 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Banker's Acceptances
0 --- --- 186.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Commercial Paper 0 --- --- 270.000 N N Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Repurchase Agreements - 1 years
0 --- --- 1.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Bank Deposits - 5 Years
0 5.000 5.000 5.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Placement Service Deposits
0 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Medium Term Notes 0 --- --- 5.000 N N Status City of Escondido (299155)
As of 03/31/2025 Return to Table of Contents Dated: 04/30/2025 36 Attachment "4"
97 Item6.

Policies: .

Rules: .
* Compliance Status as of previous business day.

Cash
CE
LT
General Ledger Grouping,
Account,
Identifier
Description,
Factorized Units,
Currency
Security Type,
BS Class,
State
State Tax,
Fed Tax,
Net Transfers
Beginning Book Value
less Due,
Acquired Book Value
less Due,
Transferred In Book
Value less Due
Disposed Book Value,
Transferred Out Book
Value less Due,
Impairment Loss
Ending Book Value
less Due,
Net Amortization/
Accretion,
Miscellaneous Income
Miscellaneous
Expense,
Beginning Due &
Accrued,
Acquired Due &
Accrued
Transferred In
Due & Accrued,
Disposed Due &
Accrued,
Transferred Out
Due & Accrued
Ending Due &
Accrued,
Interest/Dividend
Received,
Interest/Dividend
Income
Net Realized Gain/
Loss,
Net Gain/Loss,
Net Income
Cash
City of Escondido
CCYUSD
Cash

0.00 USD
CASH
Cash
---
Y
Y
11,377,339.28

0.00 0.00

0.00 -380,250.00

0.00 0.00

0.00 0.00
-380,250.00
Cash
City of Escondido
CCYUSD
Cash

0.00 USD
CASH
Cash
---
Y
Y
11,377,339.28

0.00 0.00

0.00 -380,250.00

0.00 0.00

0.00 0.00
-380,250.00
General Ledger Grouping,
Account,
Identifier
Description,
Factorized Units,
Currency
Security Type,
BS Class,
State
State Tax,
Fed Tax,
Net Transfers
Beginning Book Value
less Due,
Acquired Book Value
less Due,
Transferred In Book
Value less Due
Disposed Book Value,
Transferred Out Book
Value less Due,
Impairment Loss
Ending Book Value
less Due,
Net Amortization/
Accretion,
Miscellaneous Income
Miscellaneous
Expense,
Beginning Due &
Accrued,
Acquired Due &
Accrued
Transferred In
Due & Accrued,
Disposed Due &
Accrued,
Transferred Out
Due & Accrued
Ending Due &
Accrued,
Interest/Dividend
Received,
Interest/Dividend
Income
Net Realized Gain/
Loss,
Net Gain/Loss,
Net Income
CE
City of Escondido
X9USDBRD2

BLACKROCK FED TRST DOLR SHR FD
102
3,914,236.57
USD
MMFUND
CE
---
Y
Y

0.00 1,469,351.76
24,031,609.79

0.00 -21,586,724.98

0.00 0.00
3,914,236.57

0.00 0.00

0.00 60,213.40
60,213.40

0.00 0.00
60,213.40
CE
City of Escondido
X9USDBRD2

BLACKROCK FED TRST DOLR SHR FD
102
3,914,236.57
USD
MMFUND
CE
---
Y
Y

0.00 1,469,351.76
24,031,609.79

0.00 -21,586,724.98

0.00 0.00
3,914,236.57

0.00 0.00

0.00 60,213.40
60,213.40

0.00 0.00
60,213.40
General Ledger Grouping,
Account,
Identifier
Description,
Factorized Units,
Currency
Security Type,
BS Class,
State
State Tax,
Fed Tax,
Net Transfers
Beginning Book Value
less Due,
Acquired Book Value
less Due,
Transferred In Book
Value less Due
Disposed Book Value,
Transferred Out Book
Value less Due,
Impairment Loss
Ending Book Value
less Due,
Net Amortization/
Accretion,
Miscellaneous Income
Miscellaneous
Expense,
Beginning Due &
Accrued,
Acquired Due &
Accrued
Transferred In
Due & Accrued,
Disposed Due &
Accrued,
Transferred Out
Due & Accrued
Ending Due &
Accrued,
Interest/Dividend
Received,
Interest/Dividend
Income
Net Realized Gain/
Loss,
Net Gain/Loss,
Net Income
LT
City of Escondido
00724PAF6

ADOBE INC
1,000,000.00
USD
CORP
LT
CA
Y
Y

0.00 1,009,030.43

0.00 0.00

0.00 1,008,545.78
-484.65

0.00 0.00
11,600.00

0.00 0.00

0.00 0.00
23,600.00

0.00 12,000.00

0.00 0.00
11,515.35
LT
City of Escondido
023135BR6
AMAZON.COM INC
500,000.00
USD
CORP
LT
WA
Y
Y

0.00 459,072.66

0.00 0.00

0.00 463,050.56
3,977.91

0.00 0.00
466.67

0.00 0.00

0.00 0.00
1,966.67

0.00 1,500.00

0.00 0.00
5,477.91
LT
City of Escondido
023135CP9
AMAZON.COM INC
1,000,000.00
USD
CORP
LT
WA
Y
Y

0.00 1,003,215.41

0.00 0.00

0.00 1,002,952.57
-262.84

0.00 0.00
3,791.67

0.00 0.00

0.00 0.00
15,166.67

0.00 11,375.00

0.00 0.00
11,112.16
LT
City of Escondido
02665WDZ1

AMERICAN HONDA FINANCE CORP
1,000,000.00
USD
CORP
LT
CA
Y
Y

0.00 994,816.48

0.00 0.00

0.00 995,568.76
752.29

0.00 0.00
4,044.44

0.00 0.00

0.00 0.00
794.44
6,500.00
3,250.00

0.00 0.00
4,002.29
LT
City of Escondido
037833BZ2

APPLE INC
1,000,000.00
USD
CORP
LT
CA
Y
Y

0.00 972,692.22

0.00 0.00

0.00 976,818.53
4,126.31

0.00 0.00
10,004.17

0.00 0.00

0.00 0.00
3,879.17
12,250.00
6,125.00

0.00 0.00
10,251.31
LT
City of Escondido
037833EH9

APPLE INC
1,000,000.00
USD
CORP
LT
CA
Y
Y

0.00 888,997.17

0.00 0.00

0.00 896,046.16
7,048.99

0.00 0.00
5,677.78

0.00 0.00

0.00 0.00
2,177.78
7,000.00
3,500.00

0.00 0.00
10,548.99
LT
City of Escondido
04636NAA1

ASTRAZENECA FINANCE LLC
700,000.00
USD
CORP
LT
DE
Y
Y

0.00 700,210.42

0.00 0.00

0.00 700,171.42
-39.00

0.00 0.00
770.00

0.00 0.00

0.00 0.00
2,870.00

0.00 2,100.00

0.00 0.00
2,061.00
LT
City of Escondido
05602RAD3
BMWOT 2022-A A3
76,230.84
USD
ABS
LT
DE
Y
Y

0.00 124,545.35

0.00 0.00
-48,315.60

0.00 0.00
76,230.37

0.63 0.00

0.00 66.63

0.00 0.00

40.78 864.77
838.92

0.00 0.00
839.55
LT
City of Escondido
06406RBG1

BANK OF NEW YORK MELLON CORP
2,000,000.00
USD
CORP
LT
NY
Y
Y

0.00 0.00
1,972,000.00

0.00 0.00

0.00 0.00
1,974,159.31
2,159.31

0.00 0.00

0.00 8,649.33

0.00 0.00

0.00 23,952.00

0.00 15,302.67

0.00 0.00
17,461.98
GAAP GL Income Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 38 Attachment "4"
99 Item6.

General Ledger Grouping,
Account,
Identifier
Description,
Factorized Units,
Currency
Security Type,
BS Class,
State
State Tax,
Fed Tax,
Net Transfers
Beginning Book Value
less Due,
Acquired Book Value
less Due,
Transferred In Book
Value less Due
Disposed Book Value,
Transferred Out Book
Value less Due,
Impairment Loss
Ending Book Value
less Due,
Net Amortization/
Accretion,
Miscellaneous Income
Miscellaneous
Expense,
Beginning Due &
Accrued,
Acquired Due &
Accrued
Transferred In
Due & Accrued,
Disposed Due &
Accrued,
Transferred Out
Due & Accrued
Ending Due &
Accrued,
Interest/Dividend
Received,
Interest/Dividend
Income
Net Realized Gain/
Loss,
Net Gain/Loss,
Net Income
LT
City of Escondido
12189LBA8

BURLINGTON NORTHERN SANTA FE LLC
2,000,000.00
USD
CORP
LT
TX
Y
Y

0.00 0.00
1,962,500.00

0.00 0.00

0.00 0.00
1,962,724.45
224.45

0.00 0.00

0.00 18,416.67

0.00 0.00

0.00 19,138.89

0.00 722.22

0.00 0.00
946.66
LT
City of Escondido
14913R2U0

CATERPILLAR FINANCIAL SERVICES
CORP
800,000.00
USD
CORP
LT
TN
Y
Y

0.00 797,765.53

0.00 0.00

0.00 798,036.43
270.90

0.00 0.00
6,535.56

0.00 0.00

0.00 0.00
3,135.56
6,800.00
3,400.00

0.00 0.00
3,670.90
LT
City of Escondido
14913R3B1

CATERPILLAR FINANCIAL SERVICES
CORP

0.00 USD
CORP
LT
TN
Y
Y

0.00 499,755.17

0.00 0.00

0.00 -499,758.33

0.00 0.00

3.17 0.00

0.00 11,666.67

0.00 0.00

0.00 -12,000.00

0.00 0.00
333.33

0.00 0.00
336.50
LT
City of Escondido
17325FBK3

CITIBANK NA
1,000,000.00
USD
CORP
LT
NJ
Y
Y

0.00 1,007,959.16

0.00 0.00

0.00 1,007,605.42
-353.74

0.00 0.00
19,486.39

0.00 0.00

0.00 0.00
7,391.39
24,190.00
12,095.00

0.00 0.00
11,741.26
LT
City of Escondido
17327CAN3

CITIGROUP INC

0.00 USD
CORP
LT
NY
Y
Y

0.00 245,000.00

0.00 0.00

0.00 -245,000.00

0.00 0.00

0.00 2,138.20

0.00 0.00

0.00 -2,467.15

0.00 0.00
328.95

0.00 0.00
328.95
LT
City of Escondido
191216CU2

COCA-COLA CO
1,500,000.00
USD
CORP
LT
GA
Y
Y

0.00 1,391,805.48

0.00 0.00

0.00 1,402,363.98
10,558.49

0.00 0.00
1,812.50

0.00 0.00

0.00 0.00
7,250.00

0.00 5,437.50

0.00 0.00
15,995.99
LT
City of Escondido
24422EWA3

JOHN DEERE CAPITAL CORP
800,000.00
USD
CORP
LT
MD
Y
Y

0.00 798,126.05

0.00 0.00

0.00 798,352.20
226.15

0.00 0.00
6,422.22

0.00 0.00

0.00 0.00
3,022.22
6,800.00
3,400.00

0.00 0.00
3,626.15
LT
City of Escondido
254687FL5

WALT DISNEY CO
1,000,000.00
USD
CORP
LT
CA
Y
Y

0.00 898,216.76

0.00 0.00

0.00 903,156.41
4,939.65

0.00 0.00
6,666.67

0.00 0.00

0.00 0.00
1,666.67
10,000.00
5,000.00

0.00 0.00
9,939.65
LT
City of Escondido
3130AYNN2

FEDERAL HOME LOAN BANKS

0.00 USD

AGCY BOND
LT
DC
N
Y

0.00 2,000,000.00

0.00 0.00
-2,000,000.00

0.00 0.00

0.00 0.00
40,400.00

0.00 0.00

0.00 50,500.00
10,100.00

0.00 0.00
10,100.00
LT
City of Escondido
3133EMAC6

FEDERAL FARM CREDIT BANKS FUNDING
CORP
1,000,000.00
USD

AGCY BOND
LT
NJ
N
Y

0.00 918,321.87

0.00 0.00

0.00 925,399.31
7,077.44

0.00 0.00
2,083.33

0.00 0.00

0.00 0.00
208.33
3,750.00
1,875.00

0.00 0.00
8,952.44
LT
City of Escondido
3135G05Y5

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
1,000,000.00
USD

AGCY BOND
LT
DC
Y
Y

0.00 904,726.57

0.00 0.00

0.00 912,743.41
8,016.84

0.00 0.00
1,729.17

0.00 0.00

0.00 0.00
3,604.17

0.00 1,875.00

0.00 0.00
9,891.83
LT
City of Escondido
3136GADZ9

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
3,000,000.00
USD

AGCY BOND
LT
DC
Y
Y

0.00 0.00
3,000,000.00

0.00 0.00

0.00 0.00
3,000,000.00

0.00 0.00

0.00 0.00
1,500.00

0.00 1,500.00

0.00 0.00
1,500.00
LT
City of Escondido
345286AC2
FORDO 2022-A A3
23,509.25
USD
ABS
LT
DE
Y
Y

0.00 51,525.54

0.00 0.00
-28,016.98

0.00 0.00
23,509.08

0.53 0.00

0.00 29.54

0.00 0.00

13.48 134.56
118.50

0.00 0.00
119.02
LT
City of Escondido
380146AC4
GMCAR 2022-1 A3
41,864.04
USD
ABS
LT
DE
Y
Y

0.00 76,709.86

0.00 0.00
-34,846.68

0.00 0.00
41,863.75

0.57 0.00

0.00 40.27

0.00 0.00

21.98 204.14
185.85

0.00 0.00
186.42
LT
City of Escondido
38141GXS8

GOLDMAN SACHS GROUP INC

0.00 USD
CORP
LT
NY
Y
Y

0.00 650,041.77

0.00 0.00

0.00 -650,000.00

0.00 0.00
-41.77

0.00 0.00
2,145.81

0.00 0.00

0.00 -2,778.75

0.00 0.00
632.94

0.00 0.00
591.17
LT
City of Escondido
437076BY7

HOME DEPOT INC
1,000,000.00
USD
CORP
LT
GA
Y
Y

0.00 940,436.66

0.00 0.00

0.00 943,459.72
3,023.06

0.00 0.00
1,311.11

0.00 0.00

0.00 0.00
8,686.11

0.00 7,375.00

0.00 0.00
10,398.06
LT
City of Escondido
437076DC3

HOME DEPOT INC
1,000,000.00
USD
CORP
LT
GA
Y
Y

0.00 1,000,000.00

0.00 0.00

0.00 1,000,000.00

0.00 0.00

0.00 791.67

0.00 0.00

0.00 0.00
12,666.67

0.00 11,875.00

0.00 0.00
11,875.00
LT
City of Escondido
43815GAC3
HAROT 2021-4 A3

0.00 USD
ABS
LT
CA
Y
Y

0.00 44,707.80

0.00 0.00

0.00 -44,707.90

0.00 0.00

0.10 0.00

0.00 10.93

0.00 0.00

0.00 -32.79

0.00 0.00

21.86 0.00

0.00 21.96
LT
City of Escondido
438516CE4

HONEYWELL INTERNATIONAL INC
700,000.00
USD
CORP
LT
NC
Y
Y

0.00 685,450.31

0.00 0.00

0.00 687,079.48
1,629.17

0.00 0.00
2,566.67

0.00 0.00

0.00 0.00
641.67
3,850.00
1,925.00

0.00 0.00
3,554.17
GAAP GL Income Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 39 Attachment "4"
100
Item6.

0.00 235,475.62

0.00 0.00
-97,659.62

0.00 0.00
137,816.81

0.81 0.00

0.00 232.34

0.00 0.00

0.00 0.00
135.98
1,118.84
1,022.48

0.00 0.00
1,023.30
LT
City of Escondido
459200KM2

INTERNATIONAL BUSINESS MACHINES
CORP
1,000,000.00
USD
CORP
LT
NY
Y
Y

0.00 994,586.98

0.00 0.00

0.00 995,207.57
620.59

0.00 0.00
8,677.78

0.00 0.00

0.00 0.00
3,177.78
11,000.00
5,500.00

0.00 0.00
6,120.59
LT
City of Escondido
46647PBH8

JPMORGAN CHASE & CO

0.00 USD
CORP
LT
NY
Y
Y

0.00 751,221.28

0.00 0.00

0.00 -750,000.00

0.00 0.00
-1,221.28

0.00 0.00
4,511.25

0.00 0.00

0.00 -7,518.75

0.00 0.00
3,007.50

0.00 0.00
1,786.22
LT
City of Escondido
46647PDX1

JPMORGAN CHASE & CO
1,000,000.00
USD
CORP
LT
NY
Y
Y

0.00 1,049,577.81

0.00 0.00

0.00 1,046,654.93
-2,922.88

0.00 0.00
11,497.67

0.00 0.00

0.00 0.00
26,715.17

0.00 15,217.50

0.00 0.00
12,294.62
LT
City of Escondido
544647FC9

LOS ANGELES CALIF UNI SCH DIST
310,000.00
USD
MUNI
LT
CA
N
Y

0.00 310,000.00

0.00 0.00

0.00 310,000.00

0.00 0.00

0.00 2,255.25

0.00 0.00

0.00 0.00
1,127.63
2,255.25
1,127.63

0.00 0.00
1,127.63
LT
City of Escondido
57636QAM6

MASTERCARD INC
1,000,000.00
USD
CORP
LT
NY
Y
Y

0.00 931,873.92

0.00 0.00

0.00 935,340.22
3,466.30

0.00 0.00
2,458.33

0.00 0.00

0.00 0.00
9,833.33

0.00 7,375.00

0.00 0.00
10,841.30
LT
City of Escondido
61747YEM3

MORGAN STANLEY

0.00 USD
CORP
LT
NY
Y
Y

0.00 310,000.00

0.00 0.00

0.00 -310,000.00

0.00 0.00

0.00 3,012.08

0.00 0.00

0.00 -4,076.50

0.00 0.00
1,064.42

0.00 0.00
1,064.42
LT
City of Escondido
665859AW4

NORTHERN TRUST CORP
670,000.00
USD
CORP
LT
IL
Y
Y

0.00 673,152.24

0.00 0.00

0.00 672,822.31
-329.93

0.00 0.00
3,796.67

0.00 0.00

0.00 0.00
10,496.67

0.00 6,700.00

0.00 0.00
6,370.07
LT
City of Escondido
87612EBM7

TARGET CORP
180,000.00
USD
CORP
LT
MN
Y
Y

0.00 179,872.02

0.00 0.00

0.00 179,887.34

15.33 0.00

0.00 1,618.50

0.00 0.00

0.00 0.00
741.00
1,755.00
877.50

0.00 0.00
892.83
LT
City of Escondido
87612EBM7

TARGET CORP
650,000.00
USD
CORP
LT
MN
Y
Y

0.00 650,589.53

0.00 0.00

0.00 650,516.33
-73.20

0.00 0.00
5,844.58

0.00 0.00

0.00 0.00
2,675.83
6,337.50
3,168.75

0.00 0.00
3,095.55
LT
City of Escondido
9128282A7

UNITED STATES TREASURY
1,900,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,854,696.71

0.00 0.00

0.00 1,861,445.13
6,748.42

0.00 0.00
10,764.95

0.00 0.00

0.00 0.00
3,542.82
14,250.00
7,027.87

0.00 0.00
13,776.29
LT
City of Escondido
9128285M8

UNITED STATES TREASURY
4,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 3,836,838.64

0.00 0.00

0.00 3,846,536.33
9,697.70

0.00 0.00
16,229.28

0.00 0.00

0.00 0.00
47,306.63

0.00 31,077.35

0.00 0.00
40,775.04
LT
City of Escondido
9128286A3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 2,009,638.08

0.00 0.00

0.00 -2,012,226.20

0.00 0.00
2,588.12

0.00 0.00
22,464.44

0.00 0.00

0.00 -26,840.63

0.00 0.00
4,376.19

0.00 0.00
6,964.31
LT
City of Escondido
9128286B1

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,776,527.45

0.00 0.00

0.00 2,788,746.81
12,219.36

0.00 0.00
29,745.24

0.00 0.00

0.00 0.00
9,789.36
39,375.00
19,419.12

0.00 0.00
31,638.48
LT
City of Escondido
912828V98

UNITED STATES TREASURY
1,160,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,143,624.01

0.00 0.00

0.00 1,145,475.76
1,851.75

0.00 0.00
9,858.42

0.00 0.00

0.00 0.00
3,244.48
13,050.00
6,436.05

0.00 0.00
8,287.81
LT
City of Escondido
912828Y95

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,944,661.93

0.00 0.00

0.00 1,953,121.06
8,459.13

0.00 0.00
15,692.93

0.00 0.00

0.00 0.00
6,215.47
18,750.00
9,272.53

0.00 0.00
17,731.66
LT
City of Escondido
912828Z94

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 0.00
1,773,320.00

0.00 0.00

0.00 0.00
1,773,904.62
584.62

0.00 0.00

0.00 3,314.92

0.00 0.00

0.00 3,729.28

0.00 414.36

0.00 0.00
998.99
LT
City of Escondido
912828ZV5

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,717,487.25

0.00 0.00

0.00 2,744,366.37
26,879.11

0.00 0.00

41.44 0.00

0.00 0.00

0.00 3,770.72

0.00 3,729.28

0.00 0.00
30,608.40
LT
City of Escondido
91282CAD3

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,843,834.16

0.00 0.00

0.00 1,858,208.09
14,373.92

0.00 0.00
3,138.59

0.00 0.00

0.00 0.00
1,243.09
3,750.00
1,854.51

0.00 0.00
16,228.43
LT
City of Escondido
91282CAY7

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,805,862.12

0.00 0.00

0.00 1,821,476.54
15,614.42

0.00 0.00
1,098.90

0.00 0.00

0.00 0.00
4,189.56

0.00 3,090.66

0.00 0.00
18,705.08
GAAP GL Income Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 40 Attachment "4"
101
Item6.

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 642,799.88

0.00 0.00

0.00 -642,964.92

0.00 0.00
165.05

0.00 0.00
1,012.19

0.00 0.00

0.00 -1,209.38

0.00 0.00
197.18

0.00 0.00
362.23
LT
City of Escondido
91282CBH3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 1,274,112.77

0.00 0.00

0.00 -1,274,554.07

0.00 0.00
441.30

0.00 0.00
2,008.70

0.00 0.00

0.00 -2,400.00

0.00 0.00
391.30

0.00 0.00
832.60
LT
City of Escondido
91282CBH3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 996,644.45

0.00 0.00

0.00 -996,896.18

0.00 0.00
251.73

0.00 0.00
1,569.29

0.00 0.00

0.00 -1,875.00

0.00 0.00
305.71

0.00 0.00
557.44
LT
City of Escondido
91282CBH3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 796,075.18

0.00 0.00

0.00 -796,369.32

0.00 0.00
294.14

0.00 0.00
1,255.43

0.00 0.00

0.00 -1,500.00

0.00 0.00
244.57

0.00 0.00
538.71
LT
City of Escondido
91282CBH3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 1,587,191.00

0.00 0.00

0.00 -1,588,149.04

0.00 0.00
958.03

0.00 0.00
2,510.87

0.00 0.00

0.00 -3,000.00

0.00 0.00
489.13

0.00 0.00
1,447.17
LT
City of Escondido
91282CBJ9

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 893,498.92

0.00 0.00

0.00 901,535.10
8,036.18

0.00 0.00
3,138.59

0.00 0.00

0.00 0.00
1,243.09
3,750.00
1,854.51

0.00 0.00
9,890.69
LT
City of Escondido
91282CBQ3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 398,170.60

0.00 0.00

0.00 -398,421.77

0.00 0.00
251.17

0.00 0.00
679.56

0.00 0.00

0.00 -1,000.00

0.00 0.00
320.44

0.00 0.00
571.61
LT
City of Escondido
91282CBQ3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 2,979,104.44

0.00 0.00

0.00 -2,981,969.50

0.00 0.00
2,865.06

0.00 0.00
5,096.69

0.00 0.00

0.00 -7,500.00

0.00 0.00
2,403.31

0.00 0.00
5,268.37
LT
City of Escondido
91282CBT7

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 1,997,719.62

0.00 0.00

0.00 -1,998,165.38

0.00 0.00
445.76

0.00 0.00
3,832.42

0.00 0.00

0.00 -7,500.00

0.00 0.00
3,667.58

0.00 0.00
4,113.34
LT
City of Escondido
91282CCF6

UNITED STATES TREASURY
1,680,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,678,949.44

0.00 0.00

0.00 1,679,132.62
183.18

0.00 0.00
1,107.69

0.00 0.00

0.00 0.00
4,223.08

0.00 3,115.38

0.00 0.00
3,298.56
LT
City of Escondido
91282CCF6

UNITED STATES TREASURY
2,400,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,359,853.05

0.00 0.00

0.00 2,366,810.12
6,957.07

0.00 0.00
1,582.42

0.00 0.00

0.00 0.00
6,032.97

0.00 4,450.55

0.00 0.00
11,407.62
LT
City of Escondido
91282CCJ8

UNITED STATES TREASURY
2,050,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,056,412.56

0.00 0.00

0.00 2,055,351.28
-1,061.28

0.00 0.00

49.55 0.00

0.00 0.00

0.00 4,509.15

0.00 4,459.60

0.00 0.00
3,398.32
LT
City of Escondido
91282CCJ8

UNITED STATES TREASURY
360,000.00
USD
US GOV
LT
DC
N
Y

0.00 350,741.82

0.00 0.00

0.00 352,259.01
1,517.20

0.00 0.00

8.70 0.00

0.00 0.00

0.00 791.85

0.00 783.15

0.00 0.00
2,300.35
LT
City of Escondido
91282CDF5

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,698,877.41

0.00 0.00

0.00 2,716,987.38
18,109.98

0.00 0.00
7,064.92

0.00 0.00

0.00 0.00
17,320.44

0.00 10,255.52

0.00 0.00
28,365.50
LT
City of Escondido
91282CDG3

UNITED STATES TREASURY
500,000.00
USD
US GOV
LT
DC
N
Y

0.00 499,134.86

0.00 0.00

0.00 499,250.78
115.92

0.00 0.00
963.40

0.00 0.00

0.00 0.00
2,361.88

0.00 1,398.48

0.00 0.00
1,514.40
LT
City of Escondido
91282CDG3

UNITED STATES TREASURY
5,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 4,994,157.49

0.00 0.00

0.00 4,994,940.53
783.03

0.00 0.00
9,633.98

0.00 0.00

0.00 0.00
23,618.78

0.00 13,984.81

0.00 0.00
14,767.84
LT
City of Escondido
91282CDG3

UNITED STATES TREASURY
400,000.00
USD
US GOV
LT
DC
N
Y

0.00 394,358.67

0.00 0.00

0.00 395,110.27
751.60

0.00 0.00
770.72

0.00 0.00

0.00 0.00
1,889.50

0.00 1,118.78

0.00 0.00
1,870.38
LT
City of Escondido
91282CDG3

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 955,782.63

0.00 0.00

0.00 961,590.74
5,808.10

0.00 0.00
1,926.80

0.00 0.00

0.00 0.00
4,723.76

0.00 2,796.96

0.00 0.00
8,605.06
LT
City of Escondido
91282CEN7

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,925,939.62

0.00 0.00

0.00 1,933,478.80
7,539.19

0.00 0.00
9,419.89

0.00 0.00

0.00 0.00
23,093.92

0.00 13,674.03

0.00 0.00
21,213.22
LT
City of Escondido
91282CES6

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,822,511.55

0.00 0.00

0.00 2,831,630.18
9,118.62

0.00 0.00
7,252.75

0.00 0.00

0.00 0.00
27,651.10

0.00 20,398.35

0.00 0.00
29,516.98
LT
City of Escondido
91282CEV9

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,919,202.13

0.00 0.00

0.00 1,923,302.57
4,100.44

0.00 0.00
179.56

0.00 0.00

0.00 0.00
16,339.78

0.00 16,160.22

0.00 0.00
20,260.66
GAAP GL Income Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 41 Attachment "4"
102
Item6.

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,880,733.78

0.00 0.00

0.00 2,886,788.46
6,054.68

0.00 0.00
269.34

0.00 0.00

0.00 0.00
24,509.67

0.00 24,240.33

0.00 0.00
30,295.01
LT
City of Escondido
91282CEW7

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 0.00
2,933,190.00

0.00 0.00

0.00 0.00
2,938,214.57
5,024.57

0.00 0.00

0.00 5,925.41

0.00 0.00

0.00 24,509.67

0.00 18,584.26

0.00 0.00
23,608.82
LT
City of Escondido
91282CFB2

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 961,726.93

0.00 0.00

0.00 965,219.78
3,492.85

0.00 0.00
11,508.15

0.00 0.00

0.00 0.00
4,558.01
13,750.00
6,799.86

0.00 0.00
10,292.71
LT
City of Escondido
91282CFB2

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 966,761.16

0.00 0.00

0.00 969,801.78
3,040.62

0.00 0.00
11,508.15

0.00 0.00

0.00 0.00
4,558.01
13,750.00
6,799.86

0.00 0.00
9,840.48
LT
City of Escondido
91282CFH9

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 969,069.43

0.00 0.00

0.00 971,782.76
2,713.33

0.00 0.00
10,618.09

0.00 0.00

0.00 0.00
2,717.39
15,625.00
7,724.30

0.00 0.00
10,437.62
LT
City of Escondido
91282CFJ5

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,906,457.86

0.00 0.00

0.00 1,911,027.10
4,569.24

0.00 0.00
21,236.19

0.00 0.00

0.00 0.00
5,434.78
31,250.00
15,448.59

0.00 0.00
20,017.83
LT
City of Escondido
91282CFU0

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,994,946.03

0.00 0.00

0.00 1,995,366.05
420.02

0.00 0.00
14,129.83

0.00 0.00

0.00 0.00
34,640.88

0.00 20,511.05

0.00 0.00
20,931.07
LT
City of Escondido
91282CFU0

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 997,749.93

0.00 0.00

0.00 997,936.95
187.02

0.00 0.00
7,064.92

0.00 0.00

0.00 0.00
17,320.44

0.00 10,255.52

0.00 0.00
10,442.55
LT
City of Escondido
91282CGB1

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 0.00
2,931,990.00

0.00 0.00

0.00 0.00
2,934,381.55
2,391.55

0.00 0.00

0.00 7,064.92

0.00 0.00

0.00 29,223.07

0.00 22,158.15

0.00 0.00
24,549.70
LT
City of Escondido
91282CGC9

UNITED STATES TREASURY
4,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 3,968,208.77

0.00 0.00

0.00 3,970,711.89
2,503.12

0.00 0.00
428.18

0.00 0.00

0.00 0.00
38,964.09

0.00 38,535.91

0.00 0.00
41,039.03
LT
City of Escondido
91282CGP0

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 986,143.23

0.00 0.00

0.00 987,157.31
1,014.07

0.00 0.00
13,591.16

0.00 0.00

0.00 0.00
3,478.26
20,000.00
9,887.10

0.00 0.00
10,901.17
LT
City of Escondido
91282CGP0

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,996,470.30

0.00 0.00

0.00 1,996,730.21
259.91

0.00 0.00
27,182.32

0.00 0.00

0.00 0.00
6,956.52
40,000.00
19,774.20

0.00 0.00
20,034.11
LT
City of Escondido
91282CGT2

UNITED STATES TREASURY
5,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 4,924,049.89

0.00 0.00

0.00 4,929,495.88
5,445.99

0.00 0.00
46,308.38

0.00 0.00

0.00 0.00
495.22
90,625.00
44,811.84

0.00 0.00
50,257.83
LT
City of Escondido
91282CHA2

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 979,685.02

0.00 0.00

0.00 981,105.80
1,420.78

0.00 0.00
5,994.48

0.00 0.00

0.00 0.00
14,696.13

0.00 8,701.66

0.00 0.00
10,122.44
LT
City of Escondido
91282CHA2

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,949,075.32

0.00 0.00

0.00 1,952,627.31
3,551.99

0.00 0.00
11,988.95

0.00 0.00

0.00 0.00
29,392.27

0.00 17,403.31

0.00 0.00
20,955.31
LT
City of Escondido
91282CHE4

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,966,901.18

0.00 0.00

0.00 1,969,163.63
2,262.46

0.00 0.00
6,373.63

0.00 0.00

0.00 0.00
24,299.45

0.00 17,925.82

0.00 0.00
20,188.28
LT
City of Escondido
91282CHH7

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 992,148.76

0.00 0.00

0.00 993,452.70
1,303.94

0.00 0.00
1,926.51

0.00 0.00

0.00 0.00
12,125.69

0.00 10,199.18

0.00 0.00
11,503.12
LT
City of Escondido
91282CHK0

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 1,971,462.74

0.00 0.00

0.00 1,973,360.05
1,897.32

0.00 0.00
220.99

0.00 0.00

0.00 0.00
20,110.50

0.00 19,889.50

0.00 0.00
21,786.82
LT
City of Escondido
91282CHK0

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,994,175.13

0.00 0.00

0.00 2,994,564.66
389.53

0.00 0.00
331.49

0.00 0.00

0.00 0.00
30,165.75

0.00 29,834.25

0.00 0.00
30,223.78
LT
City of Escondido
91282CHQ7

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,943,718.56

0.00 0.00

0.00 2,947,318.68
3,600.13

0.00 0.00
51,786.68

0.00 0.00

0.00 0.00
20,511.05
61,875.00
30,599.36

0.00 0.00
34,199.49
LT
City of Escondido
91282CHU8

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,006,486.54

0.00 0.00

0.00 2,005,527.67
-958.88

0.00 0.00
33,050.27

0.00 0.00

0.00 0.00
10,877.07
43,750.00
21,576.80

0.00 0.00
20,617.92
GAAP GL Income Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 42 Attachment "4"
103
Item6.

ST
General Ledger Grouping,
Account,
Identifier
Description,
Factorized Units,
Currency
Security Type,
BS Class,
State
State Tax,
Fed Tax,
Net Transfers
Beginning Book Value
less Due,
Acquired Book Value
less Due,
Transferred In Book
Value less Due
Disposed Book Value,
Transferred Out Book
Value less Due,
Impairment Loss
Ending Book Value
less Due,
Net Amortization/
Accretion,
Miscellaneous Income
Miscellaneous
Expense,
Beginning Due &
Accrued,
Acquired Due &
Accrued
Transferred In
Due & Accrued,
Disposed Due &
Accrued,
Transferred Out
Due & Accrued
Ending Due &
Accrued,
Interest/Dividend
Received,
Interest/Dividend
Income
Net Realized Gain/
Loss,
Net Gain/Loss,
Net Income
LT
City of Escondido
91282CJA0

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,997,275.88

0.00 0.00

0.00 2,997,440.77
164.89

0.00 0.00
35,449.86

0.00 0.00

0.00 0.00
379.10
69,375.00
34,304.24

0.00 0.00
34,469.12
LT
City of Escondido
91282CJR3

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,943,220.23

0.00 0.00

0.00 2,946,496.09
3,275.86

0.00 0.00
310.77

0.00 0.00

0.00 0.00
28,280.39

0.00 27,969.61

0.00 0.00
31,245.47
LT
City of Escondido
91282CJR3

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 0.00
1,959,360.00

0.00 0.00

0.00 0.00
1,961,199.33
1,839.33

0.00 0.00

0.00 4,558.01

0.00 0.00

0.00 18,853.59

0.00 14,295.58

0.00 0.00
16,134.91
LT
City of Escondido
91282CKG5

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 980,919.87

0.00 0.00

0.00 981,927.23
1,007.36

0.00 0.00
10,539.15

0.00 0.00

0.00 0.00
112.70
20,625.00
10,198.56

0.00 0.00
11,205.92
LT
City of Escondido
91282CLS8

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
LT
DC
N
Y

0.00 2,994,410.29

0.00 0.00

0.00 2,995,163.89
753.60

0.00 0.00
21,194.75

0.00 0.00

0.00 0.00
51,961.33

0.00 30,766.57

0.00 0.00
31,520.17
LT
City of Escondido
91324PDK5

UNITEDHEALTH GROUP INC
2,000,000.00
USD
CORP
LT
MN
Y
Y

0.00 0.00
1,976,000.00

0.00 0.00

0.00 0.00
1,976,100.61
100.61

0.00 0.00

0.00 21,816.67

0.00 0.00

0.00 22,672.22

0.00 855.55

0.00 0.00
956.16
LT
City of Escondido
91324PEG3

UNITEDHEALTH GROUP INC
200,000.00
USD
CORP
LT
MN
Y
Y

0.00 199,945.76

0.00 0.00

0.00 199,951.23

5.47 0.00

0.00 945.56

0.00 0.00

0.00 0.00
2,795.56

0.00 1,850.00

0.00 0.00
1,855.47
LT
City of Escondido
91324PEG3

UNITEDHEALTH GROUP INC
440,000.00
USD
CORP
LT
MN
Y
Y

0.00 441,772.11

0.00 0.00

0.00 441,587.22
-184.89

0.00 0.00
2,080.22

0.00 0.00

0.00 0.00
6,150.22

0.00 4,070.00

0.00 0.00
3,885.11
LT
City of Escondido
94106LBX6

WASTE MANAGEMENT INC
2,335,000.00
USD
CORP
LT
TX
Y
Y

0.00 2,334,013.36

0.00 0.00

0.00 2,334,106.45

93.09 0.00

0.00 57,149.13

0.00 0.00

0.00 0.00
28,253.50
57,791.25
28,895.63

0.00 0.00
28,988.72
LT
City of Escondido
98163KAC6
WOART 2021-D A3
25,747.67
USD
ABS
LT
DE
Y
Y

0.00 64,025.60

0.00 0.00
-38,278.82

0.00 0.00
25,747.50

0.71 0.00

0.00 23.05

0.00 0.00

9.27 102.77

88.99 0.00

0.00 89.70
LT
City of Escondido
---
---
135,540,169.10
USD
---
LT
---
---
Y

0.00 130,615,440.16
18,508,360.00

0.00 -2,247,117.70
-15,189,182.60

0.00 131,964,197.84
276,697.98

0.00 0.00
759,470.99
69,745.93

0.00 0.00
-81,698.94
934,140.52
726,754.08
913,376.61

0.00 0.00
1,190,074.59
General Ledger Grouping,
Account,
Identifier
Description,
Factorized Units,
Currency
Security Type,
BS Class,
State
State Tax,
Fed Tax,
Net Transfers
Beginning Book Value
less Due,
Acquired Book Value
less Due,
Transferred In Book
Value less Due
Disposed Book Value,
Transferred Out Book
Value less Due,
Impairment Loss
Ending Book Value
less Due,
Net Amortization/
Accretion,
Miscellaneous Income
Miscellaneous
Expense,
Beginning Due &
Accrued,
Acquired Due &
Accrued
Transferred In
Due & Accrued,
Disposed Due &
Accrued,
Transferred Out
Due & Accrued
Ending Due &
Accrued,
Interest/Dividend
Received,
Interest/Dividend
Income
Net Realized Gain/
Loss,
Net Gain/Loss,
Net Income
ST
City of Escondido
025816CQ0

AMERICAN EXPRESS CO

0.00 USD
CORP
ST
NY
Y
Y

0.00 349,979.58

0.00 0.00
-349,990.45

0.00 0.00

0.00 10.87

0.00 0.00
2,559.38

0.00 0.00

0.00 3,259.38
700.00

9.55 9.55
720.42
ST
City of Escondido
05565EBK0

BMW US CAPITAL LLC
575,000.00
USD
CORP
ST
NJ
Y
Y

0.00 577,998.62

0.00 0.00

0.00 575,000.00
-2,998.62

0.00 0.00
5,107.92

0.00 0.00

0.00 0.00
10,714.17

0.00 5,606.25

0.00 0.00
2,607.63
ST
City of Escondido
06406RBC0

BANK OF NEW YORK MELLON CORP
1,000,000.00
USD
CORP
ST
NY
Y
Y

0.00 999,985.09

0.00 0.00

0.00 999,996.86

11.77 0.00

0.00 6,141.67

0.00 0.00

0.00 0.00
14,516.67

0.00 8,375.00

0.00 0.00
8,386.77
ST
City of Escondido
110122DN5

BRISTOL-MYERS SQUIBB CO
250,000.00
USD
CORP
ST
NJ
Y
Y

0.00 249,571.95

0.00 0.00

0.00 249,694.70
122.74

0.00 0.00
250.00

0.00 0.00

0.00 0.00
718.75

0.00 468.75

0.00 0.00
591.49
ST
City of Escondido
110122DN5

BRISTOL-MYERS SQUIBB CO
353,000.00
USD
CORP
ST
NJ
Y
Y

0.00 352,299.02

0.00 0.00

0.00 352,500.01
200.99

0.00 0.00
353.00

0.00 0.00

0.00 0.00
1,014.88

0.00 661.88

0.00 0.00
862.86
ST
City of Escondido
14913R3B1

CATERPILLAR FINANCIAL SERVICES
CORP
500,000.00
USD
CORP
ST
TN
Y
Y

0.00 0.00

0.00 499,758.33

0.00 0.00

0.00 499,814.40

56.06 0.00

0.00 0.00

0.00 12,000.00

0.00 0.00
5,666.67
12,000.00
5,666.67

0.00 0.00
5,722.73
GAAP GL Income Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 43 Attachment "4"
104
Item6.

CHEVRON CORP
425,000.00
USD
CORP
ST
TX
Y
Y

0.00 425,120.78

0.00 0.00

0.00 425,012.08
-108.70

0.00 0.00
917.29

0.00 0.00

0.00 0.00
2,568.42

0.00 1,651.13

0.00 0.00
1,542.43
ST
City of Escondido
17327CAN3

CITIGROUP INC

0.00 USD
CORP
ST
NY
Y
Y

0.00 0.00

0.00 245,000.00
-245,000.00

0.00 0.00

0.00 0.00
2,467.15

0.00 0.00

0.00 2,467.15

0.00 0.00

0.00 0.00
ST
City of Escondido
20772KEW5

CONNECTICUT ST
630,000.00
USD
MUNI
ST
CT
N
Y

0.00 642,769.79

0.00 0.00

0.00 638,268.92
-4,500.87

0.00 0.00
6,943.27

0.00 0.00

0.00 0.00
1,048.04
11,790.45
5,895.23

0.00 0.00
1,394.36
ST
City of Escondido
24422EWF2

JOHN DEERE CAPITAL CORP
500,000.00
USD
CORP
ST
MD
Y
Y

0.00 496,393.42

0.00 0.00

0.00 498,474.14
2,080.72

0.00 0.00
1,180.56

0.00 0.00

0.00 0.00
5,430.56

0.00 4,250.00

0.00 0.00
6,330.72
ST
City of Escondido
254683CS2
DCENT 2022-2 A
715,000.00
USD
ABS
ST
---
Y
Y

0.00 714,991.56

0.00 0.00

0.00 714,997.49

5.93 0.00

0.00 1,055.02

0.00 0.00

0.00 0.00
1,055.02
5,934.51
5,934.51

0.00 0.00
5,940.44
ST
City of Escondido
3130AJKW8

FEDERAL HOME LOAN BANKS
1,000,000.00
USD

AGCY BOND
ST
DC
N
Y

0.00 980,206.87

0.00 0.00

0.00 991,135.59
10,928.72

0.00 0.00
250.00

0.00 0.00

0.00 0.00
1,500.00

0.00 1,250.00

0.00 0.00
12,178.72
ST
City of Escondido
3130AWLY4

FEDERAL HOME LOAN BANKS
2,000,000.00
USD

AGCY BOND
ST
DC
N
Y

0.00 2,000,480.28

0.00 0.00

0.00 2,000,215.09
-265.18

0.00 0.00
5,125.00

0.00 0.00

0.00 0.00
30,750.00

0.00 25,625.00

0.00 0.00
25,359.82
ST
City of Escondido
3134GWYS9

FEDERAL HOME LOAN MORTGAGE CORP
1,000,000.00
USD

AGCY BOND
ST
VA
Y
Y

0.00 972,054.01

0.00 0.00

0.00 980,730.59
8,676.58

0.00 0.00
1,266.67

0.00 0.00

0.00 0.00
2,766.67

0.00 1,500.00

0.00 0.00
10,176.58
ST
City of Escondido
3135G05X7

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
2,000,000.00
USD

AGCY BOND
ST
DC
Y
Y

0.00 1,999,070.09

0.00 0.00

0.00 1,999,422.22
352.14

0.00 0.00
2,625.00

0.00 0.00

0.00 0.00
750.00
3,750.00
1,875.00

0.00 0.00
2,227.14
ST
City of Escondido
3135G06G3

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
1,125,000.00
USD

AGCY BOND
ST
DC
Y
Y

0.00 1,124,623.10

0.00 0.00

0.00 1,124,733.42
110.32

0.00 0.00
843.75

0.00 0.00

0.00 0.00
2,250.00

0.00 1,406.25

0.00 0.00
1,516.57
ST
City of Escondido
3135G06G3

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
360,000.00
USD

AGCY BOND
ST
DC
Y
Y

0.00 359,778.88

0.00 0.00

0.00 359,843.59

64.71 0.00

0.00 270.00

0.00 0.00

0.00 0.00
720.00

0.00 450.00

0.00 0.00
514.71
ST
City of Escondido
3137EAEP0

FEDERAL HOME LOAN MORTGAGE CORP

0.00 USD

AGCY BOND
ST
VA
Y
Y

0.00 790,538.22

0.00 0.00
-790,000.00

0.00 0.00

0.00 -538.23

0.00 0.00
4,575.42

0.00 0.00

0.00 5,925.00
1,349.58

0.00 0.00
811.36
ST
City of Escondido
3137EAEX3

FEDERAL HOME LOAN MORTGAGE CORP
1,150,000.00
USD

AGCY BOND
ST
VA
Y
Y

0.00 1,149,495.10

0.00 0.00

0.00 1,149,668.03
172.93

0.00 0.00
1,173.96

0.00 0.00

95.83 2,156.25
1,078.13

0.00 0.00
1,251.06
ST
City of Escondido
341271AD6

FLORIDA ST BRD ADMIN FIN CORP REV
400,000.00
USD
MUNI
ST
FL
N
Y

0.00 400,000.00

0.00 0.00

0.00 400,000.00

0.00 0.00

0.00 2,516.00

0.00 0.00

0.00 0.00
1,258.00
2,516.00
1,258.00

0.00 0.00
1,258.00
ST
City of Escondido
341271AD6

FLORIDA ST BRD ADMIN FIN CORP REV
155,000.00
USD
MUNI
ST
FL
N
Y

0.00 155,116.25

0.00 0.00

0.00 155,058.45
-57.80

0.00 0.00
974.95

0.00 0.00

0.00 0.00
487.48
974.95
487.48

0.00 0.00
429.67
ST
City of Escondido
341271AD6

FLORIDA ST BRD ADMIN FIN CORP REV
150,000.00
USD
MUNI
ST
FL
N
Y

0.00 150,105.52

0.00 0.00

0.00 150,053.05
-52.47

0.00 0.00
943.50

0.00 0.00

0.00 0.00
471.75
943.50
471.75

0.00 0.00
419.28
ST
City of Escondido
369550BG2

GENERAL DYNAMICS CORP
700,000.00
USD
CORP
ST
VA
Y
Y

0.00 703,720.06

0.00 0.00

0.00 700,000.00
-3,720.06

0.00 0.00
3,130.56

0.00 0.00

0.00 0.00
9,255.56

0.00 6,125.00

0.00 0.00
2,404.94
ST
City of Escondido
38141GXS8

GOLDMAN SACHS GROUP INC

0.00 USD
CORP
ST
NY
Y
Y

0.00 0.00

0.00 650,000.00
-650,000.00

0.00 0.00

0.00 0.00
2,778.75

0.00 0.00

0.00 2,778.75

0.00 0.00

0.00 0.00
ST
City of Escondido
437076CM2

HOME DEPOT INC
105,000.00
USD
CORP
ST
GA
Y
Y

0.00 104,982.44

0.00 0.00

0.00 104,997.64

15.20 0.00

0.00 598.50

0.00 0.00

0.00 0.00
1,307.25

0.00 708.75

0.00 0.00
723.95
ST
City of Escondido
43815GAC3
HAROT 2021-4 A3
14,585.00
USD
ABS
ST
CA
Y
Y

0.00 0.00

0.00 44,707.90
-30,123.67

0.00 0.00
14,584.87

0.64 0.00

0.00 0.00

0.00 32.79

0.00 0.00

3.57 75.75

46.53 0.00

0.00 47.17
GAAP GL Income Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 44 Attachment "4"
105
Item6.

JPMORGAN CHASE & CO

0.00 USD
CORP
ST
NY
Y
Y

0.00 0.00

0.00 750,000.00
-750,000.00

0.00 0.00

0.00 0.00
7,518.75

0.00 0.00

0.00 7,518.75

0.00 0.00

0.00 0.00
ST
City of Escondido
50117XAE2
KCOT 212 A3

0.00 USD
ABS
ST
---
Y
Y

0.00 14,766.41

0.00 0.00
-14,766.42

0.00 0.00

0.00 0.01

0.00 0.00

3.68 0.00

0.00 0.00

6.89 3.21

0.00 0.00

3.22 ST
City of Escondido
54438CYK2

LOS ANGELES CALIF CMNTY COLLEGE
DIST
410,000.00
USD
MUNI
ST
CA
N
Y

0.00 410,000.00

0.00 0.00

0.00 410,000.00

0.00 0.00

0.00 1,320.54

0.00 0.00

0.00 0.00
528.22
1,584.65
792.33

0.00 0.00
792.33
ST
City of Escondido
60412AK85

MINNESOTA ST
275,000.00
USD
MUNI
ST
MN
Y
Y

0.00 275,000.00

0.00 0.00

0.00 275,000.00

0.00 0.00

0.00 721.88

0.00 0.00

0.00 0.00
288.75
866.25
433.13

0.00 0.00
433.13
ST
City of Escondido
61747YEM3

MORGAN STANLEY

0.00 USD
CORP
ST
NY
Y
Y

0.00 0.00

0.00 310,000.00
-310,000.00

0.00 0.00

0.00 0.00
4,076.50

0.00 0.00

0.00 4,076.50

0.00 0.00

0.00 0.00
ST
City of Escondido
63743HFE7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP
220,000.00
USD
CORP
ST
VA
Y
Y

0.00 219,992.32

0.00 0.00

0.00 219,996.51

4.19 0.00

0.00 337.33

0.00 0.00

0.00 0.00
2,234.83

0.00 1,897.50

0.00 0.00
1,901.69
ST
City of Escondido
650036DT0

NEW YORK ST URBAN DEV CORP REV

0.00 USD
MUNI
ST
NY
N
Y

0.00 945,000.00

0.00 0.00
-945,000.00

0.00 0.00

0.00 0.00
2,420.78

0.00 0.00

0.00 4,110.75
1,689.97

0.00 0.00
1,689.97
ST
City of Escondido
70450YAG8

PAYPAL HOLDINGS INC
500,000.00
USD
CORP
ST
CA
Y
Y

0.00 492,319.40

0.00 0.00

0.00 496,897.24
4,577.84

0.00 0.00
687.50

0.00 0.00

0.00 0.00
2,750.00

0.00 2,062.50

0.00 0.00
6,640.34
ST
City of Escondido
771196BT8

ROCHE HOLDINGS INC

0.00 USD
CORP
ST
CA
Y
Y

0.00 1,295,000.00

0.00 0.00
-1,295,000.00

0.00 0.00

0.00 0.00
8,512.90

0.00 0.00

0.00 13,804.70
5,291.80

0.00 0.00
5,291.80
ST
City of Escondido
797412DM2

SAN DIEGO CNTY CALIF WTR AUTH WTR
REV
480,000.00
USD
MUNI
ST
CA
N
Y

0.00 480,000.00

0.00 0.00

0.00 480,000.00

0.00 0.00

0.00 594.40

0.00 0.00

0.00 0.00
1,486.00

0.00 891.60

0.00 0.00
891.60
ST
City of Escondido
799408Z85

SAN RAMON VALLEY CALIF UNI SCH DIST
405,000.00
USD
MUNI
ST
CA
N
Y

0.00 405,000.00

0.00 0.00

0.00 405,000.00

0.00 0.00

0.00 1,248.75

0.00 0.00

0.00 0.00
499.50
1,498.50
749.25

0.00 0.00
749.25
ST
City of Escondido
89236TKC8

TOYOTA MOTOR CREDIT CORP
500,000.00
USD
CORP
ST
TX
Y
Y

0.00 496,942.24

0.00 0.00

0.00 498,471.12
1,528.88

0.00 0.00

54.86 0.00

0.00 0.00

0.00 4,992.36

0.00 4,937.50

0.00 0.00
6,466.38
ST
City of Escondido
9128283V0

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 280,254.30

0.00 0.00
-280,000.00

0.00 0.00

0.00 -254.30

0.00 0.00
2,929.35

0.00 0.00

0.00 3,500.00
570.65

0.00 0.00
316.35
ST
City of Escondido
9128286A3

UNITED STATES TREASURY
2,045,000.00
USD
US GOV
ST
DC
N
Y

0.00 0.00

0.00 2,012,226.20

0.00 0.00

0.00 2,017,600.82
5,374.62

0.00 0.00

0.00 0.00
26,840.63

0.00 0.00
8,897.44
26,840.63
8,897.45

0.00 0.00
14,272.07
ST
City of Escondido
912828XZ8

UNITED STATES TREASURY
1,500,000.00
USD
US GOV
ST
DC
N
Y

0.00 1,484,394.78

0.00 0.00

0.00 1,492,197.39
7,802.61

0.00 0.00
113.95

0.00 0.00

0.00 0.00
10,369.48

0.00 10,255.52

0.00 0.00
18,058.13
ST
City of Escondido
912828ZL7

UNITED STATES TREASURY
3,375,000.00
USD
US GOV
ST
DC
N
Y

0.00 3,366,874.17

0.00 0.00

0.00 3,373,019.76
6,145.59

0.00 0.00
2,167.64

0.00 0.00

0.00 0.00
5,314.23

0.00 3,146.58

0.00 0.00
9,292.17
ST
City of Escondido
912828ZT0

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
ST
DC
N
Y

0.00 1,994,129.14

0.00 0.00

0.00 1,997,651.66
3,522.51

0.00 0.00
439.56

0.00 0.00

0.00 0.00
1,675.82

0.00 1,236.26

0.00 0.00
4,758.78
ST
City of Escondido
91282CAB7

UNITED STATES TREASURY
2,380,000.00
USD
US GOV
ST
DC
N
Y

0.00 2,373,963.59

0.00 0.00

0.00 2,376,528.65
2,565.06

0.00 0.00
2,489.95

0.00 0.00

0.00 0.00
986.19
2,975.00
1,471.24

0.00 0.00
4,036.30
ST
City of Escondido
91282CAM3

UNITED STATES TREASURY
620,000.00
USD
US GOV
ST
DC
N
Y

0.00 618,263.58

0.00 0.00

0.00 618,839.02
575.44

0.00 0.00
396.02

0.00 0.00

4.24 775.00
383.22

0.00 0.00
958.66
ST
City of Escondido
91282CBC4

UNITED STATES TREASURY
1,200,000.00
USD
US GOV
ST
DC
N
Y

0.00 1,199,473.05

0.00 0.00

0.00 1,199,604.29
131.23

0.00 0.00

12.43 0.00

0.00 0.00

0.00 1,131.22

0.00 1,118.78

0.00 0.00
1,250.02
GAAP GL Income Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 45 Attachment "4"
106
Item6.

Summary

* Grouped by: General Ledger Grouping. * Groups Sorted by: General Ledger Grouping.

UNITED STATES TREASURY
645,000.00
USD
US GOV
ST
DC
N
Y

0.00 0.00

0.00 642,964.92

0.00 0.00

0.00 643,301.64
336.72

0.00 0.00

0.00 0.00
1,209.38

0.00 0.00
400.90
1,209.38
400.90

0.00 0.00
737.62
ST
City of Escondido
91282CBH3

UNITED STATES TREASURY
1,280,000.00
USD
US GOV
ST
DC
N
Y

0.00 0.00

0.00 1,274,554.07

0.00 0.00

0.00 1,275,454.90
900.83

0.00 0.00

0.00 0.00
2,400.00

0.00 0.00
795.58
2,400.00
795.58

0.00 0.00
1,696.41
ST
City of Escondido
91282CBH3

UNITED STATES TREASURY
1,600,000.00
USD
US GOV
ST
DC
N
Y

0.00 0.00

0.00 1,588,149.04

0.00 0.00

0.00 1,590,107.79
1,958.75

0.00 0.00

0.00 0.00
3,000.00

0.00 0.00
994.48
3,000.00
994.48

0.00 0.00
2,953.23
ST
City of Escondido
91282CBH3

UNITED STATES TREASURY
1,000,000.00
USD
US GOV
ST
DC
N
Y

0.00 0.00

0.00 996,896.18

0.00 0.00

0.00 997,409.74
513.56

0.00 0.00

0.00 0.00
1,875.00

0.00 0.00
621.55
1,875.00
621.55

0.00 0.00
1,135.11
ST
City of Escondido
91282CBH3

UNITED STATES TREASURY
800,000.00
USD
US GOV
ST
DC
N
Y

0.00 0.00

0.00 796,369.32

0.00 0.00

0.00 796,969.84
600.52

0.00 0.00

0.00 0.00
1,500.00

0.00 0.00
497.24
1,500.00
497.24

0.00 0.00
1,097.76
ST
City of Escondido
91282CBQ3

UNITED STATES TREASURY
3,000,000.00
USD
US GOV
ST
DC
N
Y

0.00 0.00

0.00 2,981,969.50

0.00 0.00

0.00 2,983,533.05
1,563.55

0.00 0.00

0.00 0.00
7,500.00

0.00 0.00
1,304.35
7,500.00
1,304.35

0.00 0.00
2,867.89
ST
City of Escondido
91282CBQ3

UNITED STATES TREASURY
400,000.00
USD
US GOV
ST
DC
N
Y

0.00 0.00

0.00 398,421.77

0.00 0.00

0.00 398,558.70
136.93

0.00 0.00

0.00 0.00
1,000.00

0.00 0.00
173.91
1,000.00
173.91

0.00 0.00
310.84
ST
City of Escondido
91282CBT7

UNITED STATES TREASURY
2,000,000.00
USD
US GOV
ST
DC
N
Y

0.00 0.00

0.00 1,998,165.38

0.00 0.00

0.00 1,998,170.38

5.00 0.00

0.00 0.00

0.00 7,500.00

0.00 0.00

40.98 7,500.00

40.98 0.00

0.00 45.99
ST
City of Escondido
91282CDZ1

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 1,172,971.65

0.00 0.00
-1,175,000.00

0.00 0.00

0.00 2,028.35

0.00 0.00
6,657.27

0.00 0.00

0.00 8,812.50
2,155.23

0.00 0.00
4,183.58
ST
City of Escondido
91282CEU1

UNITED STATES TREASURY
2,045,000.00
USD
US GOV
ST
DC
N
Y

0.00 2,029,860.97

0.00 0.00

0.00 2,038,118.62
8,257.65

0.00 0.00
2,745.86

0.00 0.00

0.00 0.00
17,282.78

0.00 14,536.92

0.00 0.00
22,794.57
ST
City of Escondido
91412HGE7

UNIVERSITY CALIF REVS
375,000.00
USD
MUNI
ST
CA
N
Y

0.00 375,000.00

0.00 0.00

0.00 375,000.00

0.00 0.00

0.00 423.10

0.00 0.00

0.00 0.00
1,250.92

0.00 827.81

0.00 0.00
827.81
ST
City of Escondido
---
---
44,162,585.00
USD
---
ST
---
---
Y

0.00 35,628,486.24

0.00 15,189,182.60
-6,834,880.54

0.00 0.00
44,041,632.27
58,843.96

0.00 0.00
83,079.13

0.00 81,698.94

0.00 0.00
158,870.20
156,926.19
151,018.32

9.55 9.55
209,871.84
General Ledger Grouping,
Account,
Identifier
Description,
Factorized Units,
Currency
Security Type,
BS Class,
State
State Tax,
Fed Tax,
Net Transfers
Beginning Book Value
less Due,
Acquired Book Value
less Due,
Transferred In Book
Value less Due
Disposed Book Value,
Transferred Out Book
Value less Due,
Impairment Loss
Ending Book Value
less Due,
Net Amortization/
Accretion,
Miscellaneous Income
Miscellaneous
Expense,
Beginning Due &
Accrued,
Acquired Due &
Accrued
Transferred In
Due & Accrued,
Disposed Due &
Accrued,
Transferred Out
Due & Accrued
Ending Due &
Accrued,
Interest/Dividend
Received,
Interest/Dividend
Income
Net Realized Gain/
Loss,
Net Gain/Loss,
Net Income
---
City of Escondido
---
---
183,616,990.68
USD
---
---
---
---
Y
11,377,339.28
167,713,278.17
42,539,969.79
15,189,182.60
-30,668,723.22
-15,189,182.60

0.00 179,920,066.68
335,541.94

0.00 -380,250.00
842,550.13
69,745.93
81,698.94

0.00 -81,698.94
1,093,010.72
943,893.67
1,124,608.34

9.55 9.55
1,079,909.83
GAAP GL Income Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 46 Attachment "4"
107
Item6.
* Does not Lock Down.

Account Identifier Description Current Units Currency Transaction Type Entry Date Settle Date Final Maturity
Price Principal Commission Amount
City of Escondido 025816CQ0 AMERICAN EXPRESS CO 0.00 USD Coupon 02/03/2025 02/03/2025 03/04/2025 --- 0.00 0.00 3,259.38 City of Escondido 025816CQ0 AMERICAN EXPRESS CO -350,000.00 USD Call Redemption 02/03/2025 02/03/2025 03/04/2025 100.000 -350,000.00 0.00 350,000.00 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 0.00 USD Coupon 03/09/2025 03/09/2025 09/09/2026 --- 0.00 0.00 6,500.00 City of Escondido 037833BZ2 APPLE INC 0.00 USD Coupon 02/04/2025 02/04/2025 08/04/2026 --- 0.00 0.00 12,250.00 City of Escondido 037833EH9 APPLE INC 0.00 USD Coupon 02/05/2025 02/05/2025 08/05/2028 --- 0.00 0.00 7,000.00 City of Escondido 05602RAD3 BMWOT 2022-A A3 0.00 USD Coupon 01/25/2025 01/25/2025 08/25/2026 --- 0.00 0.00 333.16 City of Escondido 05602RAD3 BMWOT 2022-A A3 -17,054.20 USD Principal Paydown 01/25/2025 01/25/2025 08/25/2026 --- -17,054.20 0.00 17,054.20 City of Escondido 05602RAD3 BMWOT 2022-A A3 0.00 USD Coupon 02/25/2025 02/25/2025 08/25/2026 --- 0.00 0.00 287.54 City of Escondido 05602RAD3 BMWOT 2022-A A3 -16,250.27 USD Principal Paydown 02/25/2025 02/25/2025 08/25/2026 --- -16,250.27 0.00 16,250.27 City of Escondido 05602RAD3 BMWOT 2022-A A3 0.00 USD Coupon 03/25/2025 03/25/2025 08/25/2026 --- 0.00 0.00 244.07 City of Escondido 05602RAD3 BMWOT 2022-A A3 -15,011.13 USD Principal Paydown 03/25/2025 03/25/2025 08/25/2026 --- -15,011.13 0.00 15,011.13 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON
CORP
2,000,000.00 USD Buy 01/21/2025 01/22/2025 06/13/2028 98.600 1,972,000.00 0.00 -1,980,649.33 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA
FE LLC
2,000,000.00 USD Buy 03/26/2025 03/27/2025 06/15/2027 98.125 1,962,500.00 0.00 -1,980,916.67 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL

SERVICES CORP

0.00 USD Coupon 01/08/2025 01/08/2025 01/08/2027 --- 0.00 0.00 6,800.00 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL

SERVICES CORP

0.00 USD Coupon 01/06/2025 01/06/2025 01/06/2026 --- 0.00 0.00 12,000.00 City of Escondido 17325FBK3 CITIBANK NA 0.00 USD Coupon 02/06/2025 02/06/2025 08/06/2029 --- 0.00 0.00 24,190.00 City of Escondido 17327CAN3 CITIGROUP INC 0.00 USD Coupon 01/25/2025 01/25/2025 01/25/2026 --- 0.00 0.00 2,467.15 City of Escondido 17327CAN3 CITIGROUP INC -245,000.00 USD Call Redemption 01/27/2025 01/27/2025 01/25/2026 100.000 -245,000.00 0.00 245,000.00 City of Escondido 20772KEW5 CONNECTICUT ST 0.00 USD Coupon 03/15/2025 03/15/2025 09/15/2025 --- 0.00 0.00 11,790.45 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 0.00 USD Coupon 01/11/2025 01/11/2025 01/11/2027 --- 0.00 0.00 6,800.00 City of Escondido 254683CS2 DCENT 2022-2 A 0.00 USD Coupon 01/15/2025 01/15/2025 05/15/2025 --- 0.00 0.00 1,978.17 City of Escondido 254683CS2 DCENT 2022-2 A 0.00 USD Coupon 02/15/2025 02/15/2025 05/15/2025 --- 0.00 0.00 1,978.17 City of Escondido 254683CS2 DCENT 2022-2 A 0.00 USD Coupon 03/15/2025 03/15/2025 05/15/2025 --- 0.00 0.00 1,978.17 City of Escondido 254687FL5 WALT DISNEY CO 0.00 USD Coupon 03/01/2025 03/01/2025 09/01/2029 --- 0.00 0.00 10,000.00 City of Escondido 3130AYNN2 FEDERAL HOME LOAN BANKS 0.00 USD Coupon 02/07/2025 02/07/2025 02/07/2028 --- 0.00 0.00 50,500.00 City of Escondido 3130AYNN2 FEDERAL HOME LOAN BANKS -2,000,000.00 USD Call Redemption 02/07/2025 02/07/2025 02/07/2028 100.000 -2,000,000.00 0.00 2,000,000.00 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS

FUNDING CORP

0.00 USD Coupon 03/21/2025 03/21/2025 09/21/2027 --- 0.00 0.00 3,750.00 City of Escondido 3135G05X7 FEDERAL NATIONAL MORTGAGE

ASSOCIATION

0.00 USD Coupon 02/25/2025 02/25/2025 08/25/2025 --- 0.00 0.00 3,750.00 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE

ASSOCIATION
3,000,000.00 USD Buy 03/26/2025 03/27/2025 03/24/2028 100.000 3,000,000.00 0.00 -3,000,000.00 City of Escondido 3137EAEP0 FEDERAL HOME LOAN MORTGAGE
CORP

0.00 USD Coupon 02/12/2025 02/12/2025 02/12/2025 --- 0.00 0.00 5,925.00 City of Escondido 3137EAEP0 FEDERAL HOME LOAN MORTGAGE
CORP
-790,000.00 USD Maturity 02/12/2025 02/12/2025 02/12/2025 100.000 -790,000.00 0.00 790,000.00 City of Escondido 3137EAEX3 FEDERAL HOME LOAN MORTGAGE
CORP

0.00 USD Coupon 03/23/2025 03/23/2025 09/23/2025 --- 0.00 0.00 2,156.25 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV

0.00 USD Coupon 01/01/2025 01/01/2025 07/01/2025 --- 0.00 0.00 4,434.45 City of Escondido 345286AC2 FORDO 2022-A A3 0.00 USD Coupon 01/15/2025 01/15/2025 06/15/2026 --- 0.00 0.00 55.39 City of Escondido 345286AC2 FORDO 2022-A A3 -10,024.32 USD Principal Paydown 01/15/2025 01/15/2025 06/15/2026 --- -10,024.32 0.00 10,024.32 City of Escondido 345286AC2 FORDO 2022-A A3 0.00 USD Coupon 02/15/2025 02/15/2025 06/15/2026 --- 0.00 0.00 44.61 City of Escondido 345286AC2 FORDO 2022-A A3 -9,353.68 USD Principal Paydown 02/15/2025 02/15/2025 06/15/2026 --- -9,353.68 0.00 9,353.68 City of Escondido 345286AC2 FORDO 2022-A A3 0.00 USD Coupon 03/15/2025 03/15/2025 06/15/2026 --- 0.00 0.00 34.56 City of Escondido 345286AC2 FORDO 2022-A A3 -8,638.98 USD Principal Paydown 03/15/2025 03/15/2025 06/15/2026 --- -8,638.98 0.00 8,638.98 City of Escondido 380146AC4 GMCAR 2022-1 A3 0.00 USD Coupon 01/16/2025 01/16/2025 11/16/2026 --- 0.00 0.00 80.55 City of Escondido 380146AC4 GMCAR 2022-1 A3 -12,131.14 USD Principal Paydown 01/16/2025 01/16/2025 11/16/2026 --- -12,131.14 0.00 12,131.14 City of Escondido 380146AC4 GMCAR 2022-1 A3 0.00 USD Coupon 02/16/2025 02/16/2025 11/16/2026 --- 0.00 0.00 67.81 City of Escondido 380146AC4 GMCAR 2022-1 A3 -11,459.71 USD Principal Paydown 02/16/2025 02/16/2025 11/16/2026 --- -11,459.71 0.00 11,459.71 GAAP Transaction Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 47 Attachment "4"
108
Item6.

Account Identifier Description Current Units Currency Transaction Type Entry Date Settle Date Final Maturity
Price Principal Commission Amount
City of Escondido 380146AC4 GMCAR 2022-1 A3 0.00 USD Coupon 03/16/2025 03/16/2025 11/16/2026 --- 0.00 0.00 55.78 City of Escondido 380146AC4 GMCAR 2022-1 A3 -11,255.83 USD Principal Paydown 03/16/2025 03/16/2025 11/16/2026 --- -11,255.83 0.00 11,255.83 City of Escondido 38141GXS8 GOLDMAN SACHS GROUP INC 0.00 USD Coupon 02/12/2025 02/12/2025 02/12/2026 --- 0.00 0.00 2,778.75 City of Escondido 38141GXS8 GOLDMAN SACHS GROUP INC -650,000.00 USD Call Redemption 02/12/2025 02/12/2025 02/12/2026 100.000 -650,000.00 0.00 650,000.00 City of Escondido 43815GAC3 HAROT 2021-4 A3 0.00 USD Coupon 01/21/2025 01/21/2025 01/21/2026 --- 0.00 0.00 32.79 City of Escondido 43815GAC3 HAROT 2021-4 A3 -10,298.85 USD Principal Paydown 01/21/2025 01/21/2025 01/21/2026 --- -10,298.85 0.00 10,298.85 City of Escondido 43815GAC3 HAROT 2021-4 A3 0.00 USD Coupon 02/21/2025 02/21/2025 01/21/2026 --- 0.00 0.00 25.23 City of Escondido 43815GAC3 HAROT 2021-4 A3 -10,234.01 USD Principal Paydown 02/21/2025 02/21/2025 01/21/2026 --- -10,234.01 0.00 10,234.01 City of Escondido 43815GAC3 HAROT 2021-4 A3 0.00 USD Coupon 03/21/2025 03/21/2025 01/21/2026 --- 0.00 0.00 17.73 City of Escondido 43815GAC3 HAROT 2021-4 A3 -9,590.81 USD Principal Paydown 03/21/2025 03/21/2025 01/21/2026 --- -9,590.81 0.00 9,590.81 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 0.00 USD Coupon 03/01/2025 03/01/2025 03/01/2027 --- 0.00 0.00 3,850.00 City of Escondido 448977AD0 HART 2022-A A3 0.00 USD Coupon 01/15/2025 01/15/2025 10/15/2026 --- 0.00 0.00 435.63 City of Escondido 448977AD0 HART 2022-A A3 -33,911.70 USD Principal Paydown 01/15/2025 01/15/2025 10/15/2026 --- -33,911.70 0.00 33,911.70 City of Escondido 448977AD0 HART 2022-A A3 0.00 USD Coupon 02/15/2025 02/15/2025 10/15/2026 --- 0.00 0.00 372.90 City of Escondido 448977AD0 HART 2022-A A3 -33,828.74 USD Principal Paydown 02/15/2025 02/15/2025 10/15/2026 --- -33,828.74 0.00 33,828.74 City of Escondido 448977AD0 HART 2022-A A3 0.00 USD Coupon 03/15/2025 03/15/2025 10/15/2026 --- 0.00 0.00 310.31 City of Escondido 448977AD0 HART 2022-A A3 -29,919.18 USD Principal Paydown 03/15/2025 03/15/2025 10/15/2026 --- -29,919.18 0.00 29,919.18 City of Escondido 459200KM2 INTERNATIONAL BUSINESS

MACHINES CORP

0.00 USD Coupon 02/09/2025 02/09/2025 02/09/2027 --- 0.00 0.00 11,000.00 City of Escondido 46647PBH8 JPMORGAN CHASE & CO 0.00 USD Coupon 03/13/2025 03/13/2025 03/13/2026 --- 0.00 0.00 7,518.75 City of Escondido 46647PBH8 JPMORGAN CHASE & CO -750,000.00 USD Call Redemption 03/13/2025 03/13/2025 03/13/2026 100.000 -750,000.00 0.00 750,000.00 City of Escondido 50117XAE2 KCOT 212 A3 0.00 USD Coupon 01/15/2025 01/15/2025 11/17/2025 --- 0.00 0.00 6.89 City of Escondido 50117XAE2 KCOT 212 A3 -14,766.42 USD Principal Paydown 01/15/2025 01/15/2025 11/17/2025 --- -14,766.42 0.00 14,766.42 City of Escondido 54438CYK2 LOS ANGELES CALIF CMNTY

COLLEGE DIST

0.00 USD Coupon 02/01/2025 02/01/2025 08/01/2025 --- 0.00 0.00 1,584.65 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH
DIST

0.00 USD Coupon 01/01/2025 01/01/2025 07/01/2026 --- 0.00 0.00 2,255.25 City of Escondido 60412AK85 MINNESOTA ST 0.00 USD Coupon 02/01/2025 02/01/2025 08/01/2025 --- 0.00 0.00 866.25 City of Escondido 61747YEM3 MORGAN STANLEY 0.00 USD Coupon 02/18/2025 02/18/2025 02/18/2026 --- 0.00 0.00 4,076.50 City of Escondido 61747YEM3 MORGAN STANLEY -310,000.00 USD Call Redemption 02/18/2025 02/18/2025 02/18/2026 100.000 -310,000.00 0.00 310,000.00 City of Escondido 650036DT0 NEW YORK ST URBAN DEV CORP
REV

0.00 USD Coupon 03/15/2025 03/15/2025 03/15/2025 --- 0.00 0.00 4,110.75 City of Escondido 650036DT0 NEW YORK ST URBAN DEV CORP
REV
-945,000.00 USD Maturity 03/17/2025 03/17/2025 03/15/2025 100.000 -945,000.00 0.00 945,000.00 City of Escondido 771196BT8 ROCHE HOLDINGS INC 0.00 USD Coupon 03/10/2025 03/10/2025 03/10/2025 --- 0.00 0.00 13,804.70 City of Escondido 771196BT8 ROCHE HOLDINGS INC -1,295,000.00 USD Maturity 03/10/2025 03/10/2025 03/10/2025 100.000 -1,295,000.00 0.00 1,295,000.00 City of Escondido 799408Z85 SAN RAMON VALLEY CALIF UNI

SCH DIST

0.00 USD Coupon 02/01/2025 02/01/2025 08/01/2025 --- 0.00 0.00 1,498.50 City of Escondido 87612EBM7 TARGET CORP 0.00 USD Coupon 01/15/2025 01/15/2025 01/15/2027 --- 0.00 0.00 8,092.50 City of Escondido 9128282A7 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2025 02/15/2025 08/15/2026 --- 0.00 0.00 14,250.00 City of Escondido 9128283V0 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2025 01/31/2025 01/31/2025 --- 0.00 0.00 3,500.00 City of Escondido 9128283V0 UNITED STATES TREASURY -280,000.00 USD Maturity 01/31/2025 01/31/2025 01/31/2025 100.000 -280,000.00 0.00 280,000.00 City of Escondido 9128286A3 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2025 01/31/2025 01/31/2026 --- 0.00 0.00 26,840.63 City of Escondido 9128286B1 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2025 02/15/2025 02/15/2029 --- 0.00 0.00 39,375.00 City of Escondido 912828V98 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2025 02/15/2025 02/15/2027 --- 0.00 0.00 13,050.00 City of Escondido 912828Y95 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2025 01/31/2025 07/31/2026 --- 0.00 0.00 18,750.00 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD Buy 03/26/2025 03/27/2025 02/15/2030 88.666 1,773,320.00 0.00 -1,776,634.92 City of Escondido 91282CAB7 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2025 01/31/2025 07/31/2025 --- 0.00 0.00 2,975.00 City of Escondido 91282CAD3 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2025 01/31/2025 07/31/2027 --- 0.00 0.00 3,750.00 City of Escondido 91282CAM3 UNITED STATES TREASURY 0.00 USD Coupon 03/31/2025 03/31/2025 09/30/2025 --- 0.00 0.00 775.00 City of Escondido 91282CBH3 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2025 01/31/2025 01/31/2026 --- 0.00 0.00 9,984.38 City of Escondido 91282CBJ9 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2025 01/31/2025 01/31/2028 --- 0.00 0.00 3,750.00 City of Escondido 91282CBQ3 UNITED STATES TREASURY 0.00 USD Coupon 02/28/2025 02/28/2025 02/28/2026 --- 0.00 0.00 8,500.00 City of Escondido 91282CBT7 UNITED STATES TREASURY 0.00 USD Coupon 03/31/2025 03/31/2025 03/31/2026 --- 0.00 0.00 7,500.00 GAAP Transaction Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 48 Attachment "4"
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* Showing transactions with Entry Date within selected date range. * Weighted by: Absolute Value of Principal. * MMF transactions are collapsed. * The Transaction Detail/Trading Activity reports provide our most up-to-date transactional details. As such, these reports are subject to change even after the other reports on the website have been locked down. While these reports can be useful tools in understanding recent activity, due to their dynamic nature we do not recommend using them for booking journal entries or reconciliation.

Account Identifier Description Current Units Currency Transaction Type Entry Date Settle Date Final Maturity
Price Principal Commission Amount
City of Escondido 91282CDZ1 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2025 02/15/2025 02/15/2025 --- 0.00 0.00 8,812.50 City of Escondido 91282CDZ1 UNITED STATES TREASURY -1,175,000.00 USD Maturity 02/15/2025 02/15/2025 02/15/2025 100.000 -1,175,000.00 0.00 1,175,000.00 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD Buy 01/21/2025 01/22/2025 06/30/2027 97.773 2,933,190.00 0.00 -2,939,115.41 City of Escondido 91282CFB2 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2025 01/31/2025 07/31/2027 --- 0.00 0.00 27,500.00 City of Escondido 91282CFH9 UNITED STATES TREASURY 0.00 USD Coupon 02/28/2025 02/28/2025 08/31/2027 --- 0.00 0.00 15,625.00 City of Escondido 91282CFJ5 UNITED STATES TREASURY 0.00 USD Coupon 02/28/2025 02/28/2025 08/31/2029 --- 0.00 0.00 31,250.00 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD Buy 01/21/2025 01/22/2025 12/31/2029 97.733 2,931,990.00 0.00 -2,939,054.92 City of Escondido 91282CGP0 UNITED STATES TREASURY 0.00 USD Coupon 02/28/2025 02/28/2025 02/29/2028 --- 0.00 0.00 60,000.00 City of Escondido 91282CGT2 UNITED STATES TREASURY 0.00 USD Coupon 03/31/2025 03/31/2025 03/31/2028 --- 0.00 0.00 90,625.00 City of Escondido 91282CHQ7 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2025 01/31/2025 07/31/2028 --- 0.00 0.00 61,875.00 City of Escondido 91282CHU8 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2025 02/15/2025 08/15/2026 --- 0.00 0.00 43,750.00 City of Escondido 91282CJA0 UNITED STATES TREASURY 0.00 USD Coupon 03/31/2025 03/31/2025 09/30/2028 --- 0.00 0.00 69,375.00 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD Buy 01/21/2025 01/22/2025 12/31/2028 97.968 1,959,360.00 0.00 -1,963,918.01 City of Escondido 91282CKG5 UNITED STATES TREASURY 0.00 USD Coupon 03/31/2025 03/31/2025 03/31/2029 --- 0.00 0.00 20,625.00 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD Buy 03/26/2025 03/27/2025 06/15/2028 98.800 1,976,000.00 0.00 -1,997,816.67 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 0.00 USD Coupon 01/03/2025 01/03/2025 07/03/2027 --- 0.00 0.00 57,791.25 City of Escondido 98163KAC6 WOART 2021-D A3 0.00 USD Coupon 01/15/2025 01/15/2025 10/15/2026 --- 0.00 0.00 43.22 City of Escondido 98163KAC6 WOART 2021-D A3 -13,483.65 USD Principal Paydown 01/15/2025 01/15/2025 10/15/2026 --- -13,483.65 0.00 13,483.65 City of Escondido 98163KAC6 WOART 2021-D A3 0.00 USD Coupon 02/15/2025 02/15/2025 10/15/2026 --- 0.00 0.00 34.12 City of Escondido 98163KAC6 WOART 2021-D A3 -12,871.63 USD Principal Paydown 02/15/2025 02/15/2025 10/15/2026 --- -12,871.63 0.00 12,871.63 City of Escondido 98163KAC6 WOART 2021-D A3 0.00 USD Coupon 03/15/2025 03/15/2025 10/15/2026 --- 0.00 0.00 25.43 City of Escondido 98163KAC6 WOART 2021-D A3 -11,923.54 USD Principal Paydown 03/15/2025 03/15/2025 10/15/2026 --- -11,923.54 0.00 11,923.54 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 01/09/2025 01/09/2025 03/31/2025 --- 0.00 0.00 10,000,000.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 02/26/2025 02/26/2025 03/31/2025 --- 0.00 0.00 4,005,708.33 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -419,851.17 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -56,403.66 City of Escondido CCYUSD US DOLLAR 0.00 USD Other Expense 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -83,000.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -393,947.84 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -411,250.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -1,261.86 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -216,059.99 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -26,572.76 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -72.22 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -1.49 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -1,085,625.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -17,323.06 City of Escondido CCYUSD US DOLLAR 0.00 USD Other Expense 03/03/2025 03/03/2025 03/31/2025 --- 0.00 0.00 -297,250.00 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
24,031,609.79 USD Buy --- --- 03/31/2025 1.000 24,031,609.79 0.00 -24,031,609.79 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
-21,586,724.98 USD Sell --- --- 03/31/2025 1.000 -21,586,724.98 0.00 21,586,724.98 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 01/03/2025 01/03/2025 03/31/2025 --- 0.00 0.00 20,736.07 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 02/04/2025 02/04/2025 03/31/2025 --- 0.00 0.00 20,033.89 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 03/04/2025 03/04/2025 03/31/2025 --- 0.00 0.00 19,443.44 City of Escondido --- --- 12,362,876.99 USD --- --- --- 03/15/2026 --- 11,871,237.02 0.00 0.00 GAAP Transaction Detail City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 49 Attachment "4"
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Limits.

Resolutions.

Notes.

Timestamp,
Username
Account Policy Name Category Name Rule Name Previous Value, New Value
Timestamp,
Username
Account,
Policy Name
Category Name,
Rule Name
Identifier,
Description
Previous Start Date,
New Start Date
Previous End Date,
New End Date
Timestamp,
Username
Account,
Policy Name
Category Name,
Rule Name
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Description
Previous Note,
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Audit City of Escondido (299155)
01/01/2025 - 03/31/2025 Return to Table of Contents Dated: 04/30/2025 50 Attachment "4"
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STAFF REPORT

May 14, 2025
File Number 0830-07

SUBJECT
PL25-0044 - 2024 GENERAL PLAN ANNUAL PROGRES REPORT

DEPARTMENT
Development Services Department

RECOMMENDATION
Request the City Council receive and file the 2024 calendar year General Plan Annual Progress Report.

Staff Recommendation: Receive and File (Development Services Department: Christopher W.

McKinney, Deputy City Manager)
Presenter: Pricila Roldan, Associate Planner
ESSENTIAL SERVICE – Yes, Keep City Clean for Public Health and Safety; Land Use/Development COUNCIL PRIORITY –Improve Public Safety; Increase Retention and Attraction of People and Businesses to Escondido

FISCAL ANALYSIS
There are no fiscal implications associated with this item.

PREVIOUS ACTION
The City Council received and filed the 2023 General Plan Annual Progress Report on August 7, 2024.

The Planning Commission received and filed the 202 4 General Plan Annual Progress Report on May 13, 2025.

BACKGROUND
The General Plan Annual Progress Report (“General Plan APR”) covers implementation actions and progress made for each of the General Plan’s chapters. This Staff Report documents the annual review of the 2012 General Plan for the 202 4 calendar year. The annual progress report provides information for City Council to assess how the Escondido General Plan was implemented during the previous twelve- month reporting period. The annual progress report could help identify necessary course adjustments or modifications to the General Plan and means to improve local implementation. 112
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Reporting on the General Plan’s implementation is also a requirement per Government Code sections 65400 and 65700. Cities and counties are mandated to submit annual re ports of their General Plan to various state agencies by April 1st of each year. State statu te does not call out any repercussions if the April 1st deadline cannot be met. The annual report gives regional and state agencies the opportunity to identify trends in land use decision -making. With the exception of the Housing Element, there is no required format for reporting on the General Plan other than identifying progress made for all General Plan chapters within the last calendar year. Housing Elements are subject to their own reporting requirements. Staff provided an annual update on the Housing Element to City Council on March 26, 2025.

ATTACHMENTS
a) Attachment “1”—2024 General Plan Annual Progress Report 113
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Attachment "1"
114
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1. Introduction ............................................................................................................................................................................................. 4

1.1 Purpose of the General Plan ................................................................................................................... 4

1.2 A General Plan’s Required Elements ...................................................................................................... 4

1.3 General Plan Updates ............................................................................................................................ 4

2. The General Plan Implementation Progress ......................................................................................................................................... 7

2.1 Land Use and Community Form Element ............................................................................................... 8 Key Implementation Actions ..................................................................................................................................................................... 8 Anticipated Implementation Actions ........................................................................................................................................................ 12

2.2 Mobility and Infrastructure Element ....................................................................................................... 13 Key Implementation Actions ................................................................................................................................................................... 13 Anticipated Implementation Actions ........................................................................................................................................................ 19

2.3 Housing Element .................................................................................................................................. 20 Key Implementation Actions ................................................................................................................................................................... 20 Anticipated Implementation Actions ........................................................................................................................................................ 20

2.4 Community Health and Services ........................................................................................................... 21 Key Implementation Actions ................................................................................................................................................................... 21 Anticipated Implementation Actions ........................................................................................................................................................ 23

2.5 Community Protection .......................................................................................................................... 25 Key Implementation Actions ................................................................................................................................................................... 25 Anticipated Implementation Actions ........................................................................................................................................................ 27

2.6 Resource Conservation ........................................................................................................................ 28 Key Implementation Actions ................................................................................................................................................................... 28 Anticipated Implementation Actions ........................................................................................................................................................ 28

2.7 Growth Management ............................................................................................................................ 30

2.8 Economic Prosperity ............................................................................................................................. 31 Key Implementation Actions ................................................................................................................................................................... 31 Anti
cipated Implementation Actions ........................................................................................................................................................ 32

3. Public Outreach and Engagement ....................................................................................................................................................... 33 Attachment "1"
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4. Awards & Grant Funding Received ..................................................................................................................................................... 34

5. Escondido General Plan Compliance with Adopted LCI Guidelines ................................................................................................. 37

6. APPENDIX A: GOVERNMENT CODE SECTION 65400 ....................................................................................................................... 6-1

7. APPENDIX B: GENERAL PLAN RELATIONSHIP TO STATE LAW REQUIREMENTS ....................................................................... 7-1

8. APPENDIX C: DEVELOPMENT ACTIVITY ........................................................................................................................................... 8-1

9. APPENDIX D: CAPITAL IMPROVEMENT PROGRAM STREET MAINTENANCE ZONE MAP ........................................................... 9-1

10. APPENDIX E: HOUSING ELEMENT ANNUAL REPORT ................................................................................................................... 10-1

11. APPENDIX F: CLIMATE ACTION PLAN ANNUAL MONITORING REPORT ..................................................................................... 11-1

Attachment "1"
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1. Introduction
The General Plan Annual Progress R eport provides a snapshot of activities carried out by the City during the calendar year. Updates from the annual progress report provide an opportunity for Escondido leadership and the public to evaluate efforts to bring the General Plan to life. The 2024 General Plan Annual Progress Report was presented to City Council on May 14, 2025.

1.1 Purpose of the General Plan
The General Plan is a c ity’s blueprint for the future. It serves as a guiding document for how the City of Escondido will grow and meet the future needs of its residents. California Government Code sections 65300 and 65400 require each city and county to adopt , update, and annually report on the General Plan’s implementation.

A General Plan must consist of seven different components called “elements.” These elements address various topics including housing, transportation, and safety. For example, the City’s Circulation Element, also known as the Mobility and Infrastructure chapter, deals with transportation improvements while the Safety Element identifies and addresses natural hazards like flood areas, wildfire zones, and seismic threats . Within each element, a c ity identifies goals and policies that help implement a city’s vision for residents. Just like the Constitution of the United States, a city’s general plan is the foundation for decision making.

1.2 A General Plan’s Required Elements
California law identifies seven elements to be required in a General Plan: Land Use, Circulation, Housing, Safety, Noise, Conservation, and Open Space. However, the City of Escondido’s General Plan consists of ten chapters. The City’s General Plan includes three optional chapters:
• The Community Health and Services chapter
• The Growth Management chapter
• The Economic Prosperity chapter
A full description of all chapters is provided in Appendix B.

In 2018, Senate Bill (SB) 1000 went into effect, requiring cities to identify “disadvantaged communities” and ways to address inequities as they relate to park, healthy food, housing and public facility access, as well as civic engagement . As a result, t he City kicked off the 2022 General Plan Amendment (“2022 GPA”) to amend the Community Health and Services chapter as it relates to SB 1000 and to amend the Community Protection chapter of the General Plan for compliance with Government Code section 65302(g). More information on the efforts can be found on the 2024- 2025 General Plan Updates section of this report.

In addition to SB 1000 required updates, cities that are part of the San Juaquin Air Pollution Control District (“San Joaquin Valley APCD”) must also include an air quality element in their general plans. Since the City of Escondido is not part of the San Joaquin Valley APCD, the General Plan is not required to maintain an air quality element.

1.3 General Plan Updates
Generally, a general plan is comprehensively updated on a 15 -to- 20-year horizon. However, certain elements including the Housing Element, Safety Element, and Open Space Element are updated more frequently, pursuant to State law . Escondido’s General Plan was last comprehensively updated in 2012. The City updated the Housing Element in 2021, with a subsequent amendment and Attachment "1"
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certification in 2023. The adopted General Plan continues to serve as a relevant document to guide the development of the City. Figure 1 outlines the General Plan Update Work Program and identifies the latest and forthcoming updates.

Attachment "1"
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Figure 1 - General Plan Update Work Program
General Plan Element Last Updated Next Suggested Update Amendment Summary Vision and Purpose 2012 ---as needed--- --
Land Use and Community
Form 2024 2033 The 2024 amendment entailed a consistency amendment to align with the East Valley Specific Plan’s adoption.

Mobility and Infrastructure 2012 Underway Changes will evaluate road segments and advance complete streets concepts as part of the CATS project.

Housing 2023 2029 Changes completed in 2023 satisfy Government Code section 65580.

Economic Prosperity 2012 2027 --
Community Health and
Services 2021 Underway1
Changes entail compliance with Government Code section
65302(h) and would retool the Community Health and
Services chapter.

Community Protection 2012 Underway1 Changes entail compliance with Gov. Code section 65302(g).

Resource and Conservation 2012 2025 Government Code section 65565.5 requires jurisdictions update their Open Space elements by Jan. 1, 2026.

Growth Management 2012 2027 --
Implementation Program 2012 ---as needed--- --

1 Current efforts to update both chapters are on hold due to staff capacity.

Attachment "1"
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2024- 2025 General Plan Updates
Community Protection and Community Health and Services
Update (SB 1000 compliance)
Escondido’s Community Protection chapter is synonymous to the Safety Element, one of the seven required General Plan chapters.

Safety Elements are intended to identify natural and man -made hazards and their areas, and reduce safety risks. Government Code section 65302(g) requires cities to update the Safety Element after a Housing Element is revised so that a Safety Element’s analysis accounts for new housing estimates.

In early 2022 , staff began updates to the Community Protection chapter and revisions to another chapter, the Community Health and Services chapter. The Community Health and Services Chapter is an optional chapter in the General Plan whose focus i s to support access to healthy foods, parks, and recreational opportunities.

Changes the Community Health and Services chapter are pursuant to SB 1000 (Gov. Code sec. 65302(h)) which requires jurisdictions to creat e an Environmental Justice Element, or incorporate Environmental Justice policies, in order to improve health outcomes in disadvantaged communities . The topics and structure of t he Community Health and Services chapter make it a logical location to accommodate the requirements of SB 1000.

The joint effort to modify both chapters is known as the 2022 General Plan Amendment (“2022 GPA”) . In late 2023, efforts to finalize the undertaking were placed on hold due to staffing issues.

However, in late 2024, efforts resumed.

To ensure staffing issues do not further impede the 2022 GPA, City staff applied for an amendment to the Smart Growth Incentive Program (“SGIP”) grant awarded by the San Diego Association of Governments (“SANDAG”). Amendments to the grant were filed by the City in June 2024. In Summer of 2024, The City received approval to reprogram funding, allowing staff to move forward with a consultant team to support the 2022 GPA’s remaining efforts.

Mobility and Infrastructure Update
Escondido’s Mobility and Infrastructure chapter is one of the seven required General Plan elements. The Mobility and Infrastructure chapter ensures efficiency and access for all modes of travel by identifying future transportation and utility facilities. The Mobility and Infrastructure chapter also establishes goals and policies fo r improvements to existing infrastructure.

In 2023 , staff began updates to the Mobility and Infrastructure Element with the objective to reclassify roadways; incorporate changes from the 2021 SANDAG Regional Transportation Plan and Sustainable Communities Strategy; and introduce an active transportation strategy that will help provide more infrastructure for biking and walking. This effort is also known as the Comprehensive Active Transportation Strategy (“CATS”). In the 2025 calendar year, staff intend to finalize the update.

Resource Conservation Update
Government Code section 65565.5 requires jurisdictions update their Open Space elements by January 1, 2026. In late 2024, The Development Services Division began the process to hire staff who could support this effort.

2. The General Plan Implementation Progress
The following sections outline General Plan implementation actions that occurred in 2024 . Each section addresses one of the City’s General Plan chapters. For example, Section 2.1 speaks to the Land Use and Community Form chapter, and Section 2.2 speaks to the Mobility and Infrastructure chapter.

Attachment "1"
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2.1 Land Use and Community Form Element
The Land Use and Community Form chapter (“Land Use Element”) arranges and designs land uses so they are balanced with future population growth, development, and community changes. These include residential, employment, commercial, recreational, civic/cultural and open space land uses. The Land Use Element provides the appropriate intensities, locations and combinations to enhance community sustainability. One of the most significant goals identified in the Land Use Element is to foster the city of Escondido’s role as an urban center through the revitalization of the downtown and established neighborhoods ; economic development in the form of attractive, sustainable, economically viable industrial and commercial areas; and high intensity activities in the urban core. Topics or policy issue areas covered in the Land Use Element include the following:
• Community Character
• Land Use Zoning
• Residential Development
• Residential Clustering
• Planned Development
• Mixed Use Overlay Zones
• Commercial Land Uses
• Office Land Use
• Industrial Land Use
• Specific Plan Area Land Use
• Open Space/Park Land Use
• Public Facility Overlay
• Tribal Area Land Use
• Development Agreements
• Annexation
• General Plan Review and Amendments
• Environmental Review

Key Implementation Actions
The private market plays an extensive role in the development of Escondido. Applicants, such as businesses and real estate developers, submit applications to the City in order to bring projects to life. The City provides an activity dashboard (see Major Development Activity Dashboard) via the City’s webpage to provi de information regarding ongoing private and public development. More information can be found under Appendix C.

Major Development Activity Dashboard (example)
Attachment "1"
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In 2024, the Building Division issued a total of 2,829 residential and non- residential permits for new structures, remodels, and other building improvements.

Total Fees Collected through Building Permits: $18,209,638.00 Total Impact fees collected (out of total building permit fees) are as follows:
• Parkland: $4,756,749.00
• Sewer: $3,367,804.00
• Traffic: $2,005,066.00
• Water: $1,293,035.00
The total amount of impact fees collected from developments in 2024 totaled $11,422,654— a 72% increase from 2023. Reporting shows an increase in housing permits issued in 2024 compared to previous years. Some other factors that may contribute to a marked difference in impact fees is that of deferred fees and demolition credits. Qualifying developers have the option to defer some impact fees until the development’s first occupancy or one year after issuance; therefore, the fees for a permit issued in 2023 could have 1m

1.6m

2.9m

1.1m

1.3m
2m
3m
1m
.5m .7m
.2m .3m

4.7m
2m

3.4m

1.2m
0 500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
5,000,000
Parkland Traffic Sewer Water
Fees Collected Year to Year
2021 2022 2023 2024
Attachment "1"
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been paid in 2024.

Major Development Projects
Palomar Heights:

In 2021, City Council approved the Palomar Heights mixed- use development. The 13.8 -acre site will be developed with 258 apartment units, 90 senior apartment units, and 162 row-homes and villas, totaling 510 units . As of 2024, approximately 20% of the development has passed its final inspections, which is the last step before units may be occupied by tenants or owners . More information about the project can be found at: palomarheights - Cit y of Escondido.
555 W Grand:

In 2019, City Council approved a 32-unit apartment complex with ground floor office space at the northwest corner of S Quince St . and W Grand Ave. In 2024, the Building Division issued construction permits which allows the developer to move forward with grading and construction of the project.

Quince Street (Senior Housing):

In 2019, City Council approved a 145 affordable senior housing project consisting of four studio units, 129 one- bedroom units and 12 two- bedroom units on four floors above a parking garage . In 2024, the Building Division issued construction permits which allows the developer to move forward with grading and construction of the project.

Northeast Gateway (Dixon Trails):

In 2021 , City Council approved a 64 single- family residential development on approximately 36.42 acres located east of E. Valley Parkway, south of Lake Wohlford Road, north of Beven Drive. In

Palomar Heights

555 W Grand

Quince Senior Housing

Vermont Apartments
Northeast Gateway
Attachment "1"
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2024, the Building Division issued construction permits for approximately 16 single family homes. Meaning that, the developer received approval to begin construction for 16 out of 64 permitted units. Buildout of additional units is expected in 2025.

Vermont Apartments:

On April 5, 2022, the Vermont Avenue Apartments was issued an administrative approval for a 44- unit apartment complex located at northeastern corner of S. Escondido Blvd. and Vermont Avenue. In 2024, the Building Division issued construction permits which allows the developer to move forward with grading and construction of the project.

City Led Projects
2024 Omnibus Zoning Code Amendment:

The City began the annual zoning text amendments and updates in late 2024. Once a year, staff provide a single batch of changes that clean-up and modify the zoning code to clarify policy and create consistency with State law. This effort is referred to as the annual Omnibus Zoning Code Update (“Omnibus”). In early 2025, City Council approved the 2024 Omnibus.

El Caballo Park Master Plan Environmental Review:

In 2024, the City finalized a contract agreement to conduct an environmental review for the City Council endorsed El Caballo Park Master Plan. The Master plan seeks to improve the park's existing conditions by creating opportunities for Escondido residents and visitors to explore nature, learn about history, and appreciate Mexican culture. Environmental review will allow the City to formally adopt the Master plan and begin implementation of the Master Plan's vision.

Information the Master Plan can be found at:
https://www.escondido.gov/DocumentCenter/View/1536/Draft-El- Caballo-Park-Master-Plan-Document-PDF.

Escondido’s Pre-Approved ADU Plans
City of Escondido's Pre- Approved Accessory Dwelling Unit (PAADU) Program:

The California Department of Housing and Community
Development awarded the City Local Early Action Planning (“LEAP”) grant funding to design pre-approved Accessory Dwelling Unit ( “ADU”) building plans. In 2024, the City worked with a consultant to develop pre- approved building plans, educational materials, and to conduct outreach. Four pre- approved ADU building plans and a collection of educational materials are available on the City's website for the public to download and use.

Information about the program can be found at:
https://www.escondido.gov/1207/Pre-Appr
oved-ADU-Program-
PAADU.

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Anticipated Implementation Actions
• Streamline Development Services Department process and operations
• Hire Development Services staff to improve review process and times
• 2025 Annual Zoning Code Amendment (“2025 Omnibus”)

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2.2 Mobility and Infrastructure Element
The Mobility and Infrastructure chapter (“Circulation Element”) is one of the seven mandated elements that every local government must have in its g eneral plan. The Mobility and Infrastructure chapter evaluates the transportation network including local streets, bike lanes, sidewalks, and transit routes. The chapter also assesses local public utilities and infrastructure capacity to meet housing, commercial, and other development needs. The Mobility and Infrastructure chapter identifies the types of projects, locations, and guiding policies needed to adequately serve residents. Items discussed in the Mobility and Infrastructure chapter include Escondido’s:
• Regional Transportation Planning
• Complete Streets
• Pedestrian Network
• Bicycle Network
• Transit System
• Transportation Demand Management
• Street Network
• Parking
• Traffic Calming
• Goods and Services Transport
• Aviation
• Water System
• Wastewater System
• Storm Drainage
• Solid Waste and Recycling
• Energy
• Telecommunication

Key Implementation Actions
Grand Avenue Vision Project: The Grand Avenue Vision Project seeks to redevelop Grand Avenue into a welcoming and pedestrian- friendly corridor that boosts the economic vitality of the City’s downtown area by widening sidewalks, shortening pedestrian crossing distances, implement ing streetscape improvements, and building traffic calming features like traffic circles . The Grand Avenue Vision Project is a multi-phased project. Phase I focused on the re- design of Grand Av enue while Phase II focuses on the construction and execution of Phase I. The City is currently pursuing funding for Phase III. Phase I was completed in 2022. Phase II began in 2024 and will be completed in 2025. Phase III is anticipated to begin construction in late 2025 or early 2026.

More information can be found at: https://escondido.gov/300/Grand- Avenue-Vision-Project.

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Citracado Parkway Extension Project: The Citracado Parkway Extension Project will improve traffic, bicycle, and pedestrian circulation by building a bridge over Escondido Creek, adding an additional lane in the median of Citracado Parkway between Valley Parkway and Avenida del Diablo, and extending bike lanes and sidewalks to S. Andreasen Drive. Construction is 99% complete , with only irrigation final approval and landscape/plant establishment maintenance remaining. Multiple phases of the project began in 2022. The roadway was formally opened to the public in August of 2024.

Information and status updates on the project can be found at https://www.escondido.org/citracado-park
way-extension-
project.aspx
Comprehensive Active Transportation Strategy (CATS): The Comprehensive Active Transportation Strategy (“CATS”) seeks to better connect Escondido’s pedestrian and bike network by improving sidewalks, crosswalks, and bicycle facilities. In 2023, staff kicked off the project by contracting with Fehr and Peers, a transportation-solutions consulting firm who, among other things, helped conduct transportation data analysis and outreach. In 2024, staff completed a component of CATS which evaluated ways to provide first and last mile connections with carsharing, bike sharing, and other on- demand services through the state's Clean Mobility Options Voucher Pilot Program (CMO). Feedback collected from the project’s public outreach can be viewed through the project’s Social Pinpoint interactive map: Interactive Feedback Map | Escondido Mobility | F&P Social Pinpoint (mysocialpinpoint.com).

Escondido Creek Trail Project: The Escondido Creek Trail Project aims to improve the quality of life of Escondido residents by revitalizing the Creek Trail Corridor. Revitalization efforts include enhanced street crossings, increased access points, new fencing, additional lighting, fitness and play amenities, native and CA-friendly landscaping, improved wayfinding and directional signage, and additional opportunities for walking, jogging, and biking. During the 2024 calendar year, extensive outreach was conducted to business owners and residents within a ½ mile of the ECT. Additionally, engineering design, bidding, and award of the construction contract occurred. Construction is anticipated to be finished by late 2025, provided there are no unexpected delays. More information can be found at: https://escondido.gov/392/Escondido-Creek-Trail

Capital Improvement Program
The City’s Capital Improvement Program (“CIP”) plans for the maintenance and repair of the City’s facilities over a five-year period. Projects can include park improvements, sidewalk rehabilitation, stormwater maintenance and more. The current CIP cycle covers Fiscal Years 2023 through 2027. Information below provides an overview of CIP projects that took place in 2024.

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TABLE 1 – 2023 CAPITAL IMPROVEMENT PROJECTS
Project Type Number of Projects Cost
Roads and Infrastructure* 12 $96,872,284.64
Parks and Recreation Facilities** 8 $13,843,393.00
New Traffic Signal Installations*** 4 $8,544,229.00
Total 24 $119,259,906.64
* Refer to Table 2 for project list
** Refer to Table 3 for project list
*** Refer to Table 4 for project list
In 2024, the City worked on a total of 24 CIP projects. The sections below provide specifics on the types of projects City staff carried out.

Road & Infrastructure Projects
The City’s Street Rehabilitation and Maintenance Program repairs and improves the driving conditions of streets and sidewalk pavement by surveying City streets and considering anecdotal feedback. The Street Rehabilitation and Maintenance Program divides the City into eight geographical zones which can be found in Appendix D. Generally, projects u nder the program follow a three-step process: (1) planning and design, (2) construction, and (3) completion. In 2024, The City made progress on a number of road and infrastructure projects. The status of the projects can be seen in Table 2. Each status falls under one of the three steps mentioned. Additional information on the City’s Capital Improvement Program can be found at: https://www.escondido.gov/351/Street-Mai ntenance-Project.

TABLE 2 - ROAD & INFRASTRUCTURE PROJECTS
Project Name Description Status in 2024
Street Rehabilitation and
Maintenance
Replace sidewalk and other damaged concrete and street re-pavement (East Section South).

Construction completed in
2024
Street Rehabilitation and
Maintenance Street re-pavement (East Section North). Construction completed in 2024
Street Rehabilitation and
Maintenance Street re-pavement (Central Section North). Design in progress Attachment "1"
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Grand Avenue Vision Widen sidewalks, expand on-street parking, and provide decorative lighting to the downtown area. Construction ongoing
Citracado Parkway
Extension
Extend Citracado Parkway from Andreasen Drive to Harmony Grove Village Parkway with a new bridge over Escondido Creek. Construction ongoing Juniper Street Pedestrian
Lighting Improvements Provide lighting on Juniper Street between 5th Ave and 9th Avenue. Design and bid for Construction ongoing
Valley Parkway Sidewalk
Improvement
Replace the existing asphalt sidewalk area with concrete sidewalk and improve landscaping. Construction ongoing
Stormwater drainage
maintenance Multi-phased maintenance project for stormwater infrastructure in the City. Construction completed for phase III, Design for phase IV
Creek Trail Expansion
Project
Expand existing Creek Trail and add lighting, fencing. landscaping, and recreational equipment. Construction ongoing
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Parks & Recreation Facilities
The City maintains a total of 11 urban parks and recreational facilities including Dixon Lake, Lake Wohlford, and Daley Ranch. In 2024, City staff carried out the park improvement projects identified in Table 3. The graphic next to Table 3 denotes park locations throughout the City.

TABLE 3 - PARKS & RECREATION FACILITIES

Project Name Status in 2024
Kit Carson Park Youth Softball
Fencing Replacement
Construction
started late 2024
Westside Park Skate Spot Design in
progress
Mountain View Park Pickleball
Courts
Design in
progress
Grape Day Park Restroom and
Site Improvements Design in
progress
Ryan Park Lighting Expansion
and LED Retrofit Completed
Splash Pad at Grove Park Design in
progress
John Masson Bike Park Project
(Jesmond Dene Park)
Design in
progress
Washington Park Futsal Court Completed
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New Traffic Signal Installations
Installations and upgrades to traffic signals occur throughout the City. Traffic signal installations can be a component of a large City led project or private development. For the purposes of reporting, the General Plan Annual Progress Report reports on new, standalone, public traffic improvement installations.

TABLE 4 – NEW TRAFFIC SIGNAL INSTALLATIONS
Project Name Status in 2024
Washington and Rose Traffic Signal Improvements Design in progress Traffic Signal Communications Master Plan Design in progress South Escondido Access Improvement Design in progress
Local Roads Safety Plan – Signal Improvements to 12 signals Design in progress

Anticipated Implementation Actions
• Update and integrate the City’s existing Bikeway Master Plan and Trails Master Plan with a Pedestrian Master Plan a s part of the Complete Active Transportation Strategy for the City.

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2.3 Housing Element
Escondido’s Housing chapter identifies the goals, policies, and programs that will help meet the City’s projected future housing demand, otherwise known as the Regional Housing Needs Allocation ( RHNA). Cities must plan for and attempt to actualize the assigned RHNA numbers by the end of the California Department of Housing and Community Development’s (HCD) planning period, which runs from 2021 to 2029. The most recent planning period is known as the “Sixth Cycle”. As part of the Sixth Cycle, Escondido received an allocation (i.e., “a RHNA”) of 9,607 units and must aim to meet its RHNA by 2029.

TABLE 5 - CITY OF ESCONDIDO’S SIXTH CYCLE RHNA NUMBERS
Income level
Above Moderate Moderate Low Very Low Total
RHNA
Allocation 4,967 units 1,527 units 1,249 units 1,864 units 9,607 units

The Housing chapter identifies strategies and programs that will help meet Escondido’s RHNA numbers. Items covered include:
• Conservation and improvement of affordable housing
• Provision of adequate housing sites to meet the
projected housing demand
• Removal of governmental and other constraints to
housing development

• Compliance with State laws
• Application of Affirmatively Furthering Fair Housing (“AFFH”)

Key Implementation Actions
The City tracks and provides data on annual housing activity to the HCD via a separate housing report. Refer to Appendix E to view t he 2024 Housing Element’s Annual Progress Report.

Anticipated Implementation Actions
• Residential Sector Feasibility Study
• East Valley Specific Plan Housing Trust Fund
• Housing related zoning code updates for compliance with State law

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2.4 Community Health and Services
The Community Health and Services chapter is not a required Element by State Law. However, the City adopted the chapter to improve access to healthy foods, parks, recreational opportunities, libraries and cultural services, educational advancement, and civic engagement in the City . Partnerships with community -based organizations and private sector partners help deliver the chapter’s objectives . Topics covered in the Community Health and Services chapter include:
• Health and Wellness
• Parks and Recreation
• Library Services
• Cultural Enrichment
• Schools and Education
• Civic Engagement
• Childcare
• Older Adult, Disabled, and Disadvantaged Communities
Key Implementation Actions
Older Adults and Nutrition Programming: The Park Avenue Café Nutrition Program is sponsored by the City of Escondido and the County of San Diego Aging and Independence Services. The program promotes healthy and nutritionally balanced lunches for seniors Monday through Friday. In 2024, over 28,000 meals were served to older adults at the Park Avenue Community Center, about 5,000 additional meals than 2023. T he City also provided roughly 7,300 rides to the center for seniors within the community .

Additionally, Park Avenue Community Center (PACC) staff and volunteers provided 450 programs for seniors which included Art with Lina, Bake with Vanessa, chess, table tennis, daytime dances, music performers, fun Bingo, monthly movies, and Educational Forums.

Childcare and Afterschool Programming:

In 2024 , the City held t wo day-camp programs, two preschool programs, and seven before and after school programs. A total of 354 children were enrolled in before school programs while 734 children were enrolled in after school programs.

Other notable implementation actions that occurred in 2024 are illustrated below.

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Public Art Strategic Plan:

On September 18, 2024 the City Council adopted a Public Art Strategic Plan (Resolution No. 2024- 118). The Public Art Strategic Plan represents a foundational shift and re-imagining of the role of the Public Art Commission as an architect and guardian of the City’s cultural resources. Through the implementation of this plan, Escondido has the opportunity to be a cultural hub in San Diego County by highlighting, attracting, and showcasing organizations, artists, and artwork that have profound impact and meaning regionally, nationally, and internationally; thereby , becoming an economic driver and sustaining the local economy, revitalizing downtown and other neighborhoods throughout the City.

Escondido Library Upgrades:

In 2022, the Escondido Library received $10 million in grant funding from the State’s Building forward Library Facilities Improvement Program to replace critical building systems and renovate interior spaces for improved library services. In 2024, the planning and design phase of the project concluded. In 2025, the library will start the construction phas e, which will include closing the main library .

Planned updates during the closure include: the creation of new study rooms, a new teen space, an enclosed quiet reading room, a new friend’s shop, and new book stacks and furniture. The library is continuing its core programs and access to collections by providing library services at a temporary location from May 2025 until Spring of 2026.

Anticipated Implementation Actions
• Install final National Fitness Campaign Fitness Court. • Finish the design for pickleball courts at Mountain View Park. • Finish upgrades to Washington Park Pool including the construction of a shade structure.

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2.5 Community Protection
Escondido’s Community Protection chapter addresses issues such as flood and fire hazards, geologic and seismic activity, and hazardous materials. Sections regarding Emergency Preparedness, Police, and Fire service are also included. The chapter also includes a section addressing noise, which is a required component for general plans. The purpose of the Community Protection chapter is to identify and address the most relevant public safety issues affecting the community. In addition, the Element offers solutions, standards, and policies for proactively addressing threats to life and property. Topics or issue areas covered in include:
• Disaster Preparedness and Emergency Response
• Fire Protection
• Police Services
• Code Enforcement Policies
• Noise
• Flood Protection
• Solis and Seismicity
• Hazardous Materials

Key Implementation Actions
Three departments spearhead the implementation of the
Community Protection Element:

Escondido Fire Department (EFD)
The EFD maintains a staff of 93 firefighters, 15 non-safety paramedics/EMTs, six chief officers, a Deputy Fire Marshall and Emergency Preparedness Manager, and three administrative staff.

The City maintains seven fire stations. In 2024 , the EFD operated with an average response time of 7- minutes and 38- seconds, meeting the General Plan’s established Quality of Life Standard 86% of the time.

Escondido Police Department (EPD)
The EPD operates out of the Police and Fire Headquarters in central Escondido. There are a total of 164 sworn police officers, including 1 grant funded position and 4 COPPS officers . In 2024 , EPD maintained 25 grant awards totaling nearly 2 .5 million dollars. In 2024, the department received a new grant that will fund Rapid DNA technology. Grant expenditures for that project will begin in 2025.

Code Compliance
The Code Compliance Division protects life, safety, and property through the enforcement of City codes and standards. This includes the maintenance and regulation of property, buildings, and structures in the C ity. The Division also enforces the requirements for the licensing of all persons conducting business within the C ity of Escondido.

In 2024 , City staff continued collaboration with the Escondido Citywide Impact Team to tackle some of the most difficult issues facing the City, including but not limited to disrepair, lawlessness , and disorder, specifically in relation to unsheltered populations’ impacts on property. The Impact team is made up of key members from vario us departments and divisions, such as EPD, Code Compliance, City Manager’s Office, the City Attorney’s Office, Planning, Building, Parks and Recreation, and Public Works. The Impact group uses a synergistic approach to work collaboratively at solving complex city/societal issues.

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Anticipated Implementation Actions
• Escondido Fire Department
o Update the City’s Community Wildfire Protection Plan
(CWPP).
o Develop an Extreme Heat Resiliency Action Plan.
• Escondido Police Department
o Improve criminal investigations with Rapid DNA
capabilities.
o Reduce traffic collisions through increased enforcement. o Improve customer service through staffing reorganization and reclassification.
o Expand operational efficiency with a new Police Records Management System.
• Code Compliance
o Adopt an International Property Maintenance Code to
assist the division with gaining compliance.
o Conduct community outreach to educate the community
on the City's code and the importance of it.
o Create an ordinance establishing requirements for
abandoned commercial properties to be registered.
o Hire staff to inspect and regulate short term rental
ordinance.
o Conduct community outreach to educate the community
on the City's code and the importance of it

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2.6 Resource Conservation
Escondido’s Resource Conservation chapter satisfies state requirements for having an Open Space and Conservation Element. The Resource Conservation chapter’s g oals and objectives call for creating an aesthetically pleasing environment as well as conserving Escondido’s natural and scenic resources. The chapter’s purpose is to identify areas for conserving open space as well as other important resources including air and water quality, cultural, agricultural, mineral and energy resources, hillside and ridgeline view corridors with particular emphasis on ridgelines, unique landforms and visual gateways. Topics or issue areas covered include the following:
• Biological and Open Space
• Trails
• Visual Resources
• Agricultural Resources
• Historical Resources
• Water Resources and Quality
• Air Quality and Climate Protection
Key Implementation Actions
Climate Action Plan: The City’s adopted Climate Action Plan (CAP) is considered a “ qualified” CAP. This qualification allows the City to streamline development projects for the purposes of greenhouse gas emission (GHG) under the California Environmental Quality Act (CEQA). This streamlining effort allows for private and public development projects to screen out of such analyses if in compliance with the City’s approved CAP. The CAP provides a comprehensive roadmap to address the challenges of climate change in the City of Escondido. In 2022, s taff presented on the CAP annual monitoring report with the General Plan annual reporting; however, City Council directed staff to provide an independent update and report instead.

Appendix F provides a link to the 2023 and 202
4 CAP annual
monitoring report.

Community Engagement on Water Conservation: Env ironmental Programs partners with neighboring water districts to coordinate outreach and educational efforts for customers to implement water conservation measures offered by the San Diego County Water Authority and Metropolitan Water District. Table 6 highlights the TABLE 6 – EDUCATIONAL OUTREACH
number of Escondido water customers that participated in specific programs that covered outdoor runoff and water use benefits.

Anticipated Implementation Actions
• Update the City’s Water Efficient Landscape Ordinance. • Adopt an Urban Forestry Management Plan
Water Conservation Program Carlsbad
WMA
San
Dieguito
WMA
Water Smart Check-up 5 2
Residential Rain Barrels and Cisterns 4 9
Weather-Based Irrigation Controller 39 32
Weather-Based Irrigation Controller
Large Landscape 0 3
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2.7 Growth Management
The purpose of the Growth Management chapter is to establish policies that will balance the timing of infrastructure improvements with anticipated demands for service. A goal of the Growth Management chapter is to phase capital facility improvements concurrent ly with population growth so that new development does not worsen existing service shortfalls or result in critical infrastructure deficiencies. Topics covered in the Growth Management Element include:
• Quality of Life Thresholds
• Public Facility Master Plans
• Public Facility Deficiencies
• P ublic Facility Financing
• Growth Management Monitoring
• Public Facility Phasing
The City continues to work toward implementing quality of life standards. The City’s General Plan includes 11 quality of life standards, as listed below.

1. Traffic and Transportation 7. Public Schools

2. Fire Service 8. Police Service

3. Wastewater System 9. Parks System

4. Library Service 10. Open Space System

5. Air Quality 11. Water System

6. Economic Prosperity
Developments are reviewed against these standards when assessing a project’s potential impact. Part of the City’s quality of life standards include the goal of maintaining and providing adequate public facilities for existing and future development.

The City potentially faces a $10 million budget gap. To maintain the City’s essential services and priorities, a locally controlled source of revenue was placed on the 2022 ballot , but did not obtain the required votes for approval . In 2024, “ Measure I ” passed, authorizing an additional 1% sales tax for 20 years to fund general public services. Measure I will help reduce the budget gap the City faces.

In 2020, the City established a Citywide Services Community Facilities District (CFD) to fund infrastructure improvements necessary to support new development s. In late 2023, the City Council voted to set the CFD levy to $0.00, and subsequently eliminate the CFD in 2024, thus removing the requirement for developments to offset costs and impacts to the City through a CFD mechanism.

State legislation approved in 2019 (SB 330 ) prohibits local governments from limiting housing construction through caps or moratoriums, reduc ing overall density, and demolishing more dwelling units than the number that are constructed. The City has two growth management controls:

Ordinance 94-16: Established the Citywide Facilities Management Plan which provides ways for projects to contribute their fair share of development of costs to public facility needs
Proposition S : A voter approved initiative that requires voter approval to increase , change or recategorize residential densities and designations. Proposition S does not apply to r ezones from a non-residential zone to a residential zone, therefore, Proposition S does not act as a cap on the number of housing units constructed or permits that can be approved either annually or for some other time period.

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2.8 Economic Prosperity
The purpose of the Economic Prosperity chapter is to establish policies that promote the long - term vitality of Escondido’s local economy by developing and guiding employment and business opportunities and encouraging appropriate economic and business development in the City. Policies in this chapter promote a sustainable local economy to benefit current and future generations without compromising resources, and are intended to favorably influence the balance between employment and housing. Topics or issue areas covered in the Economic Prosperity chapter include the following:
• Employment Acreage
• Wages and Jobs
• Small Business
• Twenty-First Century Industries
• Tourism and Recreation
• Existing Economic Districts
• Marketing and Image
• Long-Term Economic Sustainability and Growth
• Minimizing Infrastructure Impediments
• Strengthening Workforce Development
• Economic Development Monitoring
Key Implementation Actions
Excellence in Economic Development Award in 2024: The City of Escondido’s Economic Development Department received an Excellence in Economic Development Award in 2024 from the International Economic Development Council (IEDC), including a Bronze award in the category of Entrepreneurial & Small Business Development for its Escondido AgX Initiative.

Community-wide Fiber Optic Network: SiFi Networks is building a state-of-the-art fiber optic network to provide a fast and reliable internet connection to homes and businesses. SiFi Networks received access to Escondido’s right of ways in 2023. Escondido’s fiber optic network is currently under construction in several areas of the City. The construction of two small huts that will act as hubs for the system is projected to occur in 2025 . Trenching along the edge of the roadway and placement of above ground cabinets and 10,444
11,058 11,066
10,838
$1,868,822
$2,077,374.00
$2,270,268.00
$2,384,918.00
10,100
10,200
10,300
10,400
10,500
10,600
10,700
10,800
10,900
11,000
11,100
11,200
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
2021 2022 2023 2024
2021- 2024 Business License Information
Active licenses Fees
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surface level utility vaults will also occur in 2025. The project is forecasted to last another 3 to 4 years and will provide reliable high speed fiber optic internet service to all properties within the City of Escondido. Interested parties for this project can register to receive updates and information here.

Small Business Façade Improvement Grants:

The City established an incentive program by providing funding for the revitalization of existing older industrial and commercial areas through the Small Business Façade Improvement grant program. To date, the program has committed $84 ,000 to small business for improvements.

Anticipated Implementation Actions
• Continuation of the Innovate78 initiative with new focus on the 78-Corridor’s startup ecosystem, entrepreneurship, and talent pipeline development.
• Partner with the San Diego North Economic Development Council on a regional strategy for economic inclusion.
• Explore opportunities for activation of City owned properties in the Spruce Street and Quince Street area.
• Explore tools to improve historic downtown core, including but not limited to new housing developments, retail
redevelopment, and parking availability.
• Implement a communications strategy to promote business and industry news.
• Solidify industry cluster programs with key industries listed in the CEDS including agriculture and ag -tech, CleanTech, and Tourism.
• Promote available career training and career growth resources with partner organizations.
20%
19%
24%
21%
15%
Top 5 Employment Industries in Escondido in
2023
Health care & Social
Assistance
Government
Construction
Retail Trade
Admin/Support&Waste
Mgmn/ Remediation
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3. Public Outreach and Engagement
In FY 2023-24 , the Utilities Department ’s Environmental Programs completed 41 presentations to approximately 819 elementary school students throughout Escondido, almost doubling the number presentations conducted in 2022 -23. In addition to the well-established education program, the staff collaborated with the San Diego County Office of Education to deliver the Splash Science Lab to further educate 4th and 5th -grade students. The Splash Science Lab curriculum focuses on hands -on activities that teach students about watershed issues.

City staff att ended 9 public outreach events in FY 2023-24 where staff distributed educational material and encouraged the public to ask questions regarding pollution prevention, waste management, and water conservation. Additionally, the City sponsored electronic and household hazardous waste events twice a month, reaching over 200 people monthly.

City staff hosted 34 workshops in partnership with the San Diego County Water Authority. Participants developed a sustainable landscape plan specific to their property that implemented what they learned throughout the course and focused on retaining stormwater onsite.

The Recycling Division sponsored electronic and household hazardous waste events twice a month, reaching over 200 people per month. In partnership with Escondido Disposal, Inc. (EDI) , the City of Escondido held two E-waste/Shred events. There were 760 residents who attended the events, where 10.55 tons of e-waste and

11.35 tons of paper were recovered.

In 2024, the Housing and Neighborhood Services Divisi on conducted a total of two fair housing workshops, one in English and one in Spanish with formal partner, Legal Aid. Legal Aid also held a staff training in June of 2024 and hosted monthly virtual webinars throughout the year.

Economic Development conducted several community events including outreach for:
• The Grand Avenue Vision Project Phase 2: Staff engaged with property owners along Grand Avenue (Maple St. to Broadway) to provide updates and gather feedback on the Grand Avenue Vision Project.
• The Escondido Creek Trail Project: Staff reached 129 businesses along East Valley Parkway ahead of the Escondido Creek Trail Project’s launch.
• Community Meetings: Staff a ttended over 10 meetings with groups including as the Downtown Business Association, MAGEC, and the East Valley Parkway Business Association to share City and department updates.
• Business Education: Staff conducted a bilingual presentation at the Escondido Chamber of Commerce to inform business owners about the Escondido Business License process.
• Public Engagement: Staff held multiple City Council Economic Development Subcommittee meetings, open to the public, to provide updates on key projects.

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4. Awards & Grant Funding Received
Award Total Award
Amount
Project
Notes
Community Services Department
Bessie Swift Minor
Foundation
(STEAM/Makerspace in
Escondido Public Library)
$3,400.00
Support programs that enhance literacy and reading skills for children and individuals of all ages, with a focus on those below grade level, and that promote STEM, STEAM, and interdisciplinary education for preschool through secondary students.

California Library Literacy
Services Grant $66,867.00 Annual funding to support adult and family literacy services LSTA Play for All Grant $19,710.00 Revitalize the library's preschool area with new, engaging furniture and play structures, including wall manipulatives and interactive technology SDSCF - FY24 Holiday
Grant $3,005.00 Fund holiday socialization efforts for older adults during the holidays San Diego Senior
Community Foundation
Empowerment Grant
$12,000 Grow public awareness and increase clientele for the senior center County of San Diego: Older
Californian’s Nutrition Grant $1,174,910.92 Provide funds for meals, transportation of seniors to the community center, and the purchase of meal service equipment (4-year term)
Police and Fire Departments
FY 24-25 State of California
Citizen’s Options for Public
Safety Program
$231,644 Funds to enhance public safety by utilizing part-time employees to perform support services that supplement front-line law enforcement FY 24-25 US Department of
Justice Edward Byrne
Memorial Justice
Assistance Grant
$37,697 Funding to support the Escondido Police Department’s Patrol Technician program, to augment the services provided by patrol officers.

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FY 24-25 State of California
Office of Traffic Safety
Selective Traffic
Enforcement Program
(STEP) Grant
$470,000

Funding to enhance traffic safety in the City of Escondido, with one full-time DUI traffic enforcement officer, traffic safety supplies, DUI checkpoints, saturation patrols, and traffic enforcement details.

FY 24-25 State of California
Office of Traffic Safety
Pedestrian and Bicycle
Safety Program Grant
$25,000 Funding to provide educational programs related to pedestrian and bicycle safety, bicycle helmets, educational materials and safety supplies to community members.

FY 23-24 Paul Coverdell
Forensic Science
Improvement Program
$52,621 Funding to acquire and/or maintain accreditation for crime labs, reduce backlogs, and improve the quality and timeliness of forensic science
FY 24-25 Regional
Realignment Grant
$80,000 Funding provided to support local law enforcement efforts to efficiently manage offenders and parole violators
FY 2023 Homeland
Security Grant Program
(HSGP)
$86,760 Purchase Computers, Monitors and software for the Police Department, and use for the development of Action Plans for the Fire Department.

FY 2023 Urban Area
Security Initiative (UASI)
award
$53,300 Firefighter training and Police Officer training CalFire Wildfire Prevention
Grant
$245,939.10 Wildfire prevention public education mailers (thru 2029) Community Wildfire
Defense Grants (CWDG)
$150,000.00 Funding to update the City’s Community Wildfire Protection Plan (CWPP).

State Homeland Security
Grant
$45,693 Funding to develop an Extreme Heat Action Plan

Urban Area Security
Initiative
$46,400 Fire Department training
Attachment "1"
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Item7.

Utilities
Beverage Grant $75,387
Fund purchases of beverage containers for parks and recreation, support recycling education initiatives for students in the school district, cover advertising and promotional costs related to recycling efforts.

Used Oil Grant $20,536.00
Finance educational services including advertisements at the DMV to raise awareness about used oil recycling and purchase materials aimed at preventing illegal disposal of used oil
SB1383 OWR 4-GRANT $395,953.00
Educate local businesses on organic waste recycling and edible food recovery and fund necessary equipment, personnel hours, and procurement reporting related to organic waste initiatives.

Economic Development
Excellence in Economic
Development Award -- International Economic Development Council (IEDC) awarded in the category of Entrepreneurial & Small Business Development for its Escondido AgX Initiative.

Attachment "1"
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5. Escondido General Plan Compliance with Adopted LCI Guidelines The California Governor's Office of Land Use and Climate Innovation (LCI), previously the Governor’s Office of Planning and Research (OPR), is responsible for updating the resources to draft and amend a general plan. LCI also monitors general plan implementation with annual progress reports from cities and counties, and grants general plan extensions for qualified cities and counties. LCI’s adopted General Plan Guidelines ( “GPG”) in 2003 for use by local jurisdictions in the preparation of their general plans.

The last comprehensive update to the LCI GPG was in 2017, with recent guidance released on Environmental Justice and Fire Hazard Planning in 2021 and 2022, respectively. It is important to note that the Guidelines are permissive, not mandatory.

Staff has prepared an analysis of the Escondido General Plan compared to the general criteria included in State law, along with an evaluation of the degree to which the Escondido General Plan complies with the LCI Guidelines.

The GPG contains ten chapters and four appendices of
requirements and references, in the following basic areas:

1. Introduction.

2. General Plan Basics: The General Plan generally complies with the basic requirements in that it is comprehensive, internally consistent, and has a long-term perspective.

3. Community Engagement and Outreach: The preparation, adoption, and administration of the General Plan all include public participation, to the extent required by the General Plan Guidelines, CEQA, and the Government Code.

4. Required Elements: The General Plan contains all of the required elements (Appendix B).

5. Equitable and Resilient Communities: The General Plan complies with equitable and resilient community requirements.

General Plan policies and programs generally discuss inclusive public participation, social and economic well -being, livable communities and quality of life, and responsible resource conservation. Further, the City’s Climate Action Plan and forthcoming Environmental Justice chapter provide focus on social and environmental equity in communities historically marginalized by past planning practice, with goals and
objectives to ensure resiliency and strive to reduce
displacement.

6. Healthy Communities: The Community Protection chapter of the General Plan along with the Community Health and Services chapter meet the intent of healthy communities.

7. Economic Development and the General Plan: The General Plan includes optional elements that are either individual sections or are consolidated with other elements, including an element on Economic Prosperity.

8. Climate Change: The City’s adopted Climate Action Plan was updated in 2021 and provides for adaptation and resiliency programs that aim to reduce greenhouse gas emiss ions while also providing for development in the face of climate change.

9. Implementation: To date, the implementation of the General Plan has complied with all applicable Guideline requirements, including consistency with zoning, subdivisions, redevelopment, building code administration, financing mechanisms, and the preparation of this Annual Progress Report.

10. CEQA: The General Plan preparation, adoption, and
amendments comply with all requirements of the California Environmental Quality Act.

Attachment "1"
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6. APPENDIX A: GOVERNMENT CODE SECTION 65400
a) After the legislative body has adopted all or part of a general plan, the planning agency shall do both of the following:
1) Investigate and make recommendations to the legislative body regarding reasonable and practical means for implementing the general plan or element of the general plan, so that it will serve as an effective guide for orderly growth and development, preservation and conservation of open- space land and natural resources, and the efficient expenditure of public funds relating to the subjects addressed in the general plan.
2) Provide by April 1 of each year an annual report to the legislative body, the Governor's Office of Land Use and Climate Innovation, and the Department of Housing and Community Development that includes all of the following:

A) The status of the plan and progress in its implementation.

B) The progress in meeting its share of regional housing needs determined pursuant to Section 65584 and local efforts to remove governmental constraints to the maintenance, improvement, and development of housing pursuant to paragraph (3) of subdivision (c) of Section 65583. The housing element portion of the annual report, as required by this paragraph, shall be prepared through the use of forms and definitions adopted by the Department of Housing and Community Development pursuant to the rulemaking provisions of the Administrative Procedure Act (Chapter 3. 5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2). Prior to and after adoption of the forms, the housing element portion of the annual report shall include a section that describes the actions taken by the local government towards completion of the programs and status of the local government's compliance with the deadlines in its housing element. That report shall be considered at an annual public meeting before the legislative body where members of the public shall be allowed to provide oral testimony and written comments. The report may include the number of units that have been completed pursuant to subdivision (c) of Section 65583.1. For purposes of this paragraph, committed assistance may be executed throughout the planning period, and the program under paragraph (1) of subdivision (c) of Section 65583.1 shall not be required. The report shall document how the units meet the standards set forth in that subdivision. The planning agency shall include the number of units in a student housing development for lower income students for which the developer of the student housing development was granted a density bonus pursuant to subparagraph (F) of paragraph (1) of subdivision (b) of Section 65915.

C) The number of housing development applications received in the prior year.

D) The number of units included in all development applications in the prior year.

E) The number of units approved and disapproved in the prior year.

F) The degree to which its approved general plan complies with the guidelines developed and adopted pursuant to Section 65040.2 and the date of the last revision to the general plan.

Attachment "1"
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G) A listing of sites rezoned to accommodate that portion of the city’s or county’s share of the regional housing need for each income level that could not be accommodated on sites identified in the inventory required by paragraph (1) of subdivision (c) of Section 65583 and Section 65584.09. The listing of sites shall also include any additional sites that may have been required to be identified by Section 65863.

H) The number of applications submitted pursuant to subdivision (a) of Section 65913.4, the location and the total number of developments approved pursuant to subdivision (c) of Section 65913.4, the total number of building permits issued pursuant to subdivision (c) of Section 65913.4, the total number of units including both rental housing and for-sale housing by area median income category constructed using the process provided for in subdivision (c) of Section 65913.4.

I) If the city or county has received funding pursuant to the Local Government Planning Support Grants Program (Chapter 3.1 (commencing with Section 50515) of Part 2 of Division 31 of the Health and Safety Code), the information required pursuant to subdivision (a) of Section 50515.04 of the Health and Safety Code.

J) The progress of the city or county in adopting or amending its general plan or local open-space element in compliance with its obligations to consult with California Native American tribes, and to identify and protect, preserve, and mitigate impacts to places, features, and objects described in Sections 5097.9 and 5097.993 of the Public Resources Code, pursuant to Chapter 905 of the Statutes of 2004.

K) The following information with respect to density bonuses granted in accordance with Section 65915: The number of density bonus applications received by the city or county. The number of density bonus applications approved by the city or county. Data from a sample of projects, selected by the planning agency, approved to receive a density bonus from the city or county, including, but not limited to, the percentage of density bonus received, the percentage of affordable units in the project, the number of other incentives or concessions granted to the project, and any waiver or reduction of parking standards for the project. b) If a court finds, upon a motion to that effect, that a city, county, or city and county failed to submit, within 60 days of the deadline established in this section, the housing element portion of the report required pursuant to subparagraph (B) of paragraph (2) of subdivision (a) that substantially complies with the requirements of this section, the court shall issue an order or judgment compelling compliance with this section within 60 days. If the city, county, or city and county fails to comply with the court's order within 60 days, the plaintiff or petitioner may move for sanctions, and the court may, upon that motion, grant appropriate sanctions. The court shall retai n jurisdiction to ensure that its order or judgment is carried out. If the court determines that its order or judgment is not carried out within 60 days, the court may issue further orders as provided by law to ensure that the purposes and policies of this section is fulfilled. This subdivision applies to proceedings initiated on or after the first day of October following the adoption of forms and definitions by the Department of Housing and Community Development pursuant to paragraph (2) of subdivision (a), but no sooner than six months following that adoption.

Attachment "1"
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Item7.

7. APPENDIX B: GENERAL PLAN RELATIONSHIP TO STATE LAW REQUIREMENTS State law requires that general plans include seven elements. The elements may be combined or renamed, but basic requirements must be included. Elements for other topics of local concern may also be included. The relationship between State mandated elements and the Escondido General Plan are illustrated below.

Mandatory
Element
Escondido General
Plan Element Description
Land Use Land Use and
Community Form
Designates the proposed distribution and location of the uses of land for housing, business, industry, open space, and other categories of public and private land use activities.

Circulation Mobility and
Infrastructure
Specifies the general location of existing and proposed major thoroughfares, transportation routes, and other local public utilities and facilities.

Conservation Resource and
Conservation
Addresses the conservation, development, and utilization of natural resources including water and its hydraulic force, soils, rivers and other waters, wildlife, minerals, and other natural resources.

Open Space Resource and
Conservation
Addresses the preservation of natural resources including, but not limited to, areas required for the preservation of plant and animal life.

Safety Community
Protection
Identifies variety of risks and hazards. This includes any unreasonable risks associated with the effects of seismically induced surface rupture and tsunami, slope instabilities, flooding, and fire hazards.

Noise Community
Protection
Identifies noise problems and analyzes current and projected noise levels for highways, roadways, transit systems, and ground stationary noise sources.

Housing Housing Develops a plan to meet current and future housing needs of all people within the community, regardless of socio-economic status.

Optional Elements
Community Health
and Services
Develops a policy framework for recreational services, library services, schools and education, cultural enrichment, and public health and wellbeing.

Growth Management Develops quality of life standards and establishing public facility planning strategies.

Economic Prosperity Provides a policy framework to promote the City’s long-term viability and to advance the City’s position as a “economic hub” with employment and business opportunities.

Attachment "1"
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Item7.

8. APPENDIX C: DEVELOPMENT ACTIVITY

Development Activity Dashboard:

https://cityofescondido.maps.arcgis.com/apps/dashboards/3df9dd5f830a4db4a6dce61747906ae8

Attachment "1"
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9. APPENDIX D: CAPITAL IMPROVEMENT PROGRAM STREET MAINTENANCE ZONE MAP

Attachment "1"
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10. APPENDIX E: HOUSING ELEMENT ANNUAL REPORT
The Escondido City Council received the 2024 Housing Element Annual Report (“2024 HE APR”) on March 26, 2025. The 2024 HE APR was submitted to the State Department of Housing and Community Development, the Governor’s Office of Land Use and Climate Innovation (LCI), and the San Diego Association of Governments on April 1, 2025.

The HE APR is prepared on a form provided by HCD. The
prescribed Excel Workbook has 14 sheets that report on various Housing Element components . The 2024 HE APR can be viewed using the link below. For information on what each table within the prescribed form entails, refer to HCD’s Housing Ele ment Annual Progress Report Instructions.

Link: City Council Housing Element Staff Report
2024 Housing Element Annual Progress Report:
https://escondido.gov/1106/Policy-and-Regulatory-Documents

The Housing Element reporting period spans from 2021 through 2029. Table 5 below shows the number of permits issued by reporting year that count toward the City’ s RHNA. For more information on these issued permits, refer to Table A -2 within the above linked report.

Below is the City’s overall progress to meet the 6th cycle RHNA by affordability level. As of 2024, the City has issued building permits to:
• 149 Very Low-Income units, accomplishing 8% of the City’s RHNA goal
• 153 Low Income units, accomplishing 12% of the City’s RHNA goal
• 48 Moderate Income units, accomplishing 3% of the City’s RHNA goal
• 1,146 Above Market Rate units, accomplishing 23% of the City’s RHNA goal
As a whole, the City has achieved approximately 15% of the total 6th cycle RHNA. The 15% excludes the “Projection Period” units shown in Table 5. The “Projection Period” includes the housing units that were approved, under construction, or developed with building permits issued after June 30, 2020. These units are credited toward the City’s 6th cycle RHNA; however, for purposes of reporting, Staff are solely providing information on permits approved to date. For more information regarding RHNA credits, refer to Table 50 of the City’s adopted 2021 – 2029 Housing Element.

City staff continue to work on implement ation of the adopted programs for the 2021 – 2029 planning period. Table D of the Annual Report provides more information on the status of Housing Element program implementation, and can be referred to within the above linked report.

Attachment "1"
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TABLE 4 – REGIONAL HOUSING NEEDS ALLOCATION (RHNA) PROGRESS: PERMITTED UNITS ISSUED BY AFFORDABILITY

Income Level
RHNA
Allocation
by
Income
Level
Projection
Period -
06/30/2020-
04/14/2021
2021 2022 2023 2024 2025 2026 2027 2028 2029
Total
Units
to
Date
(all
years)
Total
Remaining
RHNA by
Income
Level

Very Low
Deed
Restricted
1,864
25 4

162

1,702 Non-
Deed
Restricted
13 2 25 42 51
Low
Deed
Restricted
1,249
25 10

156

1,093 Non-
Deed
Restricted
3 13 29 34 42
Moderate
Deed
Restricted
1,527

84 1,443 Non-
Deed
Restricted
36 16 13 11 8
Above
Moderate
4,967 372 178 154 521 303 1,528 3,439
Total RHNA

9,607
Total Units

424

259

231 608 408

1,930

7,677
Attachment "1"
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11. APPENDIX F : CLIMATE ACTION PLAN ANNUAL MONITORING REPORT

Climate Action Plan Annual Monitoring Report:

https://www.escondido.org/1106/Policy-and-Regulatory-Documents Attachment "1"
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STAFF REPORT

May 14, 2025
File Number 0600-10; A-3555

SUBJECT

AWARD CONSTRUCTION CONTRACT FOR THE LIBRARY INFRASTRUCTURE IMPROVEMENT PROJECT

AND AUTHORIZE STAFF TO PROCESS CHANGE ORDERS UP TO TWENTY PERCENT OF THE CONTRACT

AWARD AMOUNT

DEPARTMENT
Public Works

RECOMMENDATION
Request the City Council adopt Resolution No. 2025-55 awarding a construction contract for the Library Infrastructure Improvement Project (“Project”) to Southwest Construction Services Inc. , in the amount of $6,266,583.82, authorizing the Mayor, on behalf of the City, to execute a Public Improvement Agreement with Southwest Construction Services, Inc. to complete the base bid work items plus the additive alternate bid items No. 32 through No. 37, and authorize the Director of Public Works to approve change orders not to exceed twenty percent (20%) of the contract amount.

Staff Recommendation: Approval (Joseph Goulart, Director of Public Works) Presenter: Ed Vasquez, Project Manager
ESSENTIAL SERVICE – Yes, Infrastructure, Facilities/Open Spaces COUNCIL PRIORITY – Increase Retention and Attraction of People and Businesses to Escondido

FISCAL ANALYSIS
A $10 million Building Forward Library Infrastructure Improvement Grant by the California State Library was awarded to the City of Escondido in September 2022 without a matching funds requirement for the Escondido Public Library. This Project is designed to replace critical infr astructure including lighting, electrical, roofing, windows, and HVAC systems throughout the facility.

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To date grant funds have been allocated as follows:

Grant $10,000,000.00
Design Contract (IDS Group) $ -747,000.00
Construction Management (Griffin) $ -798,000.00
Construction Contract $ -6,266,583.82 10% Contingency $ -626,658.38 1st Floor Book Stacks $ -344,097.70
2nd Floor Book Stacks $ - 84,968.72
Remaining Grant Fund Balance $1,132,6914.38

PREVIOUS ACTION
On March 2, 2022, the City Council approved Resolution No. 2022-32 authorizing the Deputy City Manager / Director of Communications & Community Services to submit an application to the California State Library for $10 million in funding through the Building Forward Library Infrastructure Program Grant and complete all necessary documentation to receive and spend funds should they be awarded.

On September 12, 2022, the City was notified that the application was successful, and that the Escondido Public Library was awarded the maximum amount of $10 million and removal of a matching funds requirement (Attachment “1”).

On July 19, 2023, Council approved Resolution No. 2023-86 authorizing the Mayor to execute a Consulting Services Agreement with Griffin Structures in the amount of $798,000 for project and construction management services for the duration of the Escondido Public Library Critical Infrastructure and Modernization Project.

On January 24, 2024, Council app roved Resolution No. 2024 -06 authorizing the Mayor to execute, on behalf of the City, a Consulting Services Agreement with IDS Group, in an amount not to exceed $747,000 for design services for the Project.

On February 13, 2025, the Library Board of Trustees voted unanimously (5 -0) to approve staff's recommendation to temporarily relocate the Escondido Public Library to the North County Mall.

On April 16,2025 the City Council approved a request by staff for $828,000 for the expenses associated with the temporary relocation of Library Services

BACKGROUND

The City of Escondido was awarded $10 million in funding for the Building Forward Library Infrastructure Grant Program by the California State Library. The Project is designed to replace critical infrastructure including lighting, roofing, windows, and HVAC systems throughout the Escondido Public Library. A notice inviting bids for said improvements was duly published on March 26, 2025 and pursuant to said notice three sealed bids for the Project were opened and evaluated.

On April 17, 2025, three sealed bids were received in response to the advertised request for proposals for the Project. The confirmed results of the proposals are as follows:

SWCS, Inc. Southwest Construction Services $6,372,369.71 PCN3, Inc. $7,587,475.35
FEC Future Contractor & Engineers $8,254.640.00
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Item8.

Staff has evaluated the proposed bids and determined that the construction bid submitted by Southwest Construction Services Inc., is the lowest most responsive and responsible bid received that conforms to the advertised bid specifications . Staff recommends awarding the construction contract to Southwest Construction Services Inc. in the amount of $6,266,583.82. Which, includes the base bid line items plus the additive alternative bid line items No. 32 through No. 37.

The reason why the bid amount of $6,372,369.71 does not match the total bid award amount of $6,266,583.82 is due to the recalculation of base bid items or mathematical errors found in the bid and the removal of base bid item No. 27. After recalculating the bid items SWCS, Inc. was still found to be the lowest responsive and responsible low bid.

Bid Correction details:

SWCS base bid plus bid alternate Items $6,372,369.71
Correction to bid $6,375,726.71
Removal of Bid Item No. 27 $ 109,142.75
Revised award amount $6,266,583.80
A list of the additive alternative bid items is listed below; Additive Alternate Bid Items:

Item No. Item Description Cost
32 2nd Floor Carpet (Children’s Area) $140,940.00
33 2nd Floor Paint (children’s area) $ 1,600.00
34 2nd Floor removal of book stacks $ 19,033.00
35 Sewer Main replacement (lateral) $ 68,200.00
36 Replace 44 windows $ 336,512.00
37 Replace 9 windows $ 26,019.00
Total Library Relocation Costs $ 592,304.00

To ensure Project efficiency during the construction phase of the Project, staff recommends allowing the Director of Public Works the ability to approve change orders up to twenty percent (20%) of the awarded contract amount, in an amount not to exceed $1,253,316.76, for unforeseen building repairs not included in the request for bids and/or unknown during the design phase of the Project.

RESOLUTIONS

a) Resolution No. 2025-55
b) Resolution No. 2025-55—Exhibit “A”—Public Improvement Agreement

ATTACHMENTS
a) Attachment “1”—Building Forward, Library Infrastructure Grant Confirmation Letter

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Item8.

RESOLUTION NO. 2025-55

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, AUTHORIZING THE MAYOR

TO EXECUTE, ON BEHALF OF THE CITY, A PUBLIC

IMPROVEMENT AGREEMENT FOR THE LIBRARY

INFRSTRUCTURE IMPROVEMENT PROJECT

WHEREAS, the City of Escondido was awarded $10 million in funding for the Building Forward Library Infrastructure Grant Program by the California State Library; and WHEREAS, the Project is designed to replace critical infrastructure including lighting, roofing, windows, and HVAC systems throughout the Escondido Public Library; and WHEREAS, a notice inviting bids for said improvements was duly published on March 26, 2025; and WHEREAS, pursuant to said notice three sealed bids for the Project were opened and evaluated on April 17, 2025; and
WHEREAS, Southwest Construction Services Inc. , was determined to be the lowest most responsive and responsible bidder for the Escondido Public Library infrastructure project; and WHEREAS, the City Council desires at this time and deems it to be in the be st public interest to authorize a Public Improvement Agreement with Southwest Construction Services Inc., in the amount of $6,266,583.82; and
WHEREAS, City staff desires the City Council to authorize the Director of Public Works to process construction change orders up to twenty percent of the contract award amount , in an amount not to exceed $1,253,316.76.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Escondido, California, as

follows:

1. That the above recitations are true.

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Item8.

2. That the Council determines the proposal submitted by Southwest Construction Services Inc., to be the lowest most responsive and responsible proposal which conformed to the City’s request for proposal specifications and requirements.

3. That the City Council authorizes the Mayor to execute, on behalf of the City, a Public Improvement Agreement with Southwest Construction Services Inc., in a substantially similar form to that which is attached and incorporated to this Resolution as Exhibit “A”, and subject to final approval as to form by the City Attorney.

4. That the City Council authorizes the Director of Public Works to process construction change orders up to twenty percent of the contract amount, in an amount not to exceed $1,253,316.76. 163
Item8.

Resolution No. 2025-55
Exhibit “A”

Page 1 of 9 ends

Escondido City CouncilMay 14, 2025

Escondido City Council
May 14, 2025