Agenda packet — Escondido City Council, November 12, 2025 (part 1 of 3)

CITY of ESCONDIDO
Council Meeting Agenda
WEDNESDAY, NOVEMBER 12, 2025
4:00 PM - Closed Session (Cancelled)
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, November 12, 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, November 12, 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

PRESENTATION
Library Foundation Check Presentation

CLOSED SESSION REPORT

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.

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) 3 Wednesday, November 12, 2025

2. APPROVAL OF WARRANT REGISTER
Request the City Council approve the City Council and Housing Successor Agency warrants issued between October 27, 2025 to November 02, 2025.

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

3. APPROVAL OF MINUTES: Regular meeting of November 5, 2025

4. WAIVER OF READING OF ORDINANCES AND RESOLUTIONS

5. TREASURER’S INVESTMENT REPORT FOR THE QUARTER ENDED SEPTEMBER 30, 2025 Request the City Council approve the Quarterly Investment Report for the quarter ended September 30, 2025.

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

6. CONSTRUCTION CONTRACT AWARD FOR THE STORM DRAIN REHABILITATION PROJECT, PHASE IV Request the City Council adopt Resolution No. 2025-130, awarding the construction contract to Sancon Technologies, Inc. and authorizing the Mayor to execute, on behalf of the City, a Public Improvement Agreement in the amount of $1,812,580 for the Storm Drain Lining and Rehabilitation Project, Phase IV (“Project”).

Staff Recommendation: Approval (Development Services Department: Christopher McKinney, Deputy City Manager/Interim Director of Development Services, and Jonathan Schauble, City Engineer) Presenter: Matthew Souttere, Principal Engineer
a) Resolution No. 2025-130

7. ALLOCATION OF LIBRARY TRUST FUNDS
Request the City Council adopt Resolution No. 2025-143, approving the allocation of $60,170.25 in Library Trust Funds for use toward the unfunded items on the second floor as a part of the Library Infrastructure Project.

Staff Recommendation: Approval (Community Services Department: Joseph Goulart, Director of Public Works)
Presenter: Robert Rhoades, Assistant Director of Community Services a) Resolution No. 2025-143
4 Wednesday, November 12, 2025

8. ACCEPTANCE OF LIBRARY FOUNDATION DONATION
Request the City Council adopt Resolution No. 2025-153, accepting $105,000 donation from the Escondido Library Foundation restricted to unfunded items of furniture, fixtures, and equipment in the children’s library as a part of the Library Infrastructure Project.

Staff Recommendation: Approval (Community Services Department: Joseph Goulart, Director of Public Works)
Presenter: Robert Rhoades, Assistant Director of Community Services a) Resolution No. 2025-153

PUBLIC HEARINGS

9. SHORT-FORM RENT INCREASE APPLICATION FOR CAREFREE RANCH MOBILE HOMEPARK – CONTINUED FROM NOVEMBER 5, 2025 MEETING
Request the City Council sitting as the Escondido Rent Review Board hold a public hearing to review and consider Carefree Ranch Mobilehome Park Short-Form Application and adopt Resolution No. RRB 2025- 131.

Staff Recommendation: Approval (Development Services Department: Christopher McKinny, Deputy City Manager/Interim Director of Development Services)
Presenters: Carlos Cervantes, Management Analyst and Stephen Jacobson, Code Compliance Officer II a) Resolution RRB No. 2025-131

5 Wednesday, November 12, 2025

10. PL23-0129/PL23-0130/PL25-0086/PL25-0085: ISKCON OF ESCONDIDO SUBDIVISION AND RELIGIOUS

FACILITY
Request that the City Council adopt the following Resolutions and Ordinance, approving the Project:
adopt Resolution No. 2025-144 adopting a Final Initial Study/Mitigated Negative Declaration and Mitigation Monitoring and Reporting Program prepared for the Project and approving a Tentative Subdivision Map, Grading Exemption, and Density Bonus Request; adopt Resolution No. 2025-145 approving a Conditional Use Permit and Design Review Permit for construction and operation of a religious institution; and adopt Ordinance No. 2025-07 approving a Development Agreement for construction of residential units in the North Broadway Deficiency Area.

Staff Recommendation: Approval (Development Services Department: Christopher McKinney, Deputy City Manager/Interim Director of Development Services)
Presenter: Ivan Flores, AICP, Principal Planner
a) Resolution No. 2025-144

b) Resolution No. 2025-145
c) Ordinance No. 2025-07 (First Reading and Introduction)

FUTURE AGENDA

11. 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.

Manager/staff or scheduled on a subsequent agenda. Speakers are limited to only one opportunity to address the Council under Oral Communications.

ADJOURNMENT

UPCOMING MEETING SCHEDULE
Wednesday, December 03, 2025 4:00 & 5:00 PM Closed Session, Regular Meeting, Council Chambers Wednesday, December 10, 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.

7 Consent Item No. 1 November 12, 2025

A F F I D A V I T S

I T E M

P O S T I N G –

 PL23-0129/PL23-0130/PL25-0086/PL25-0085: ISKCON OF

ESCONDIDO SUBDIVISION AND RELIGIOUS FACILITY

8 Item1.

CITY OF ESCONDIDO

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

NOTICE OF PUBLIC HEARING
The Escondido City Council will hold a public hearing in the City Council Chambers, Escondido City Hall, 201 N. Broadway, Escondido, California at 5 p.m. on Wednesday, November 12, 2025 to consider the item listed below:

PL23-0129/PL23-0130/PL25-0086/PL25-0085: ISKCON of Escondido Subdivision and Religious Facility REQUEST: Approval of a Tentative Subdivision Map, a Conditi onal Use Permit, a Design Review Permit, Grading Exemptions, and a Development Agreement all to permit 10 resi dential lots and a religious facility on an approximate 24-acre site with ancillary site improvements, all within the North Broadway Deficiency Area (“Project”). The proposed Project includes a Tentative Subdivision Map (PL23-0129) for the subdivision of two existing parcels into 12 total lots.

The Project would result in 10 residential lots (Lots 1 – 10) zoned for single-family residential uses and include a lot for a stormwater basin (Lot A). The Project includes a Conditional Use Permit (PL23-0130) and Design Review Permit (PL25-0086) for the construction of an 11,767 square-foot Krishna Temple with ancilla ry site improvements all on Lot

11. The Project includes a Development Agreement (PL25-0 085) for payment of the North Broadway Deficiency Area fee. The Project also includes a Density Bonus Request as permitted by State Density Bonus Law and Article 67 (Density Bonus and Residential Incentives), and Grading Exemptions for slopes up to 32’-0” in height pursuant to Article 55 (Grading and Erosion Control) of the Escondido Zoning Code. A Mitigated Negati ve Declaration was prepared for the Project.

PROPERTY SIZE AND LOCATION: The 24.53-acre site is lo cated on Rinc on Avenue and is addressed at 1315 and 1365 Rinc
on Avenue (Assessor’s Parcel Number(s): 224-100-84-00/224-100-85-00).

ENVIRONMENTAL STATUS: In accordance with the California Environmental Quality Act (CEQA) Section 15073, an Initial Study/Mitigated Negative Declaration (IS/MND) was circ ulated for public review from April 11, 2025 to May 23, 2025. The IS/MND identified impacts to Bi ological Resources, Cultural Resources, Geology and Soils, Hazards and Hazardous Materials, Noise, and Tri bal Cultural Resources. The IS/M ND is available for review at:
https://www.escondido.gov/1248/ISKCON-Residential-Subdivision-and-Relig If you challenge th is item in c ourt, you may be limited to rai sing only those issues you or someone el se raised at the p ublic hearing d
escribed in this no tice, or in written correspondence delivered to the City Council at, or prior to, the public hearing.

PLANNING COMMISSION ACTION: On September 23, 2025, the Planning Commission voted 5-1-0 (one absence) to recommend approval of the Project, and adoption of the IS/MND.

PUBLIC COMMENT: To submit comments in writing, please do so at the following link: https://escondido-ca.municodemeetings.com/bc- cityco
uncil/webform/public-comment. All comments received from the public will be made a part of the record of the meeting.

The City of Escondido remains committed to complying with the Americans with Di
sabilities Act (ADA). Qualified individuals with disabilities who wish to participate in City programs, services, or activities and who need accommodations are in
vited to present their requests to the City by filing out a Request for Accommodations Form or an Inclusion Support Request Form for Minors, or by c
alling 760-839-4643, preferably at least 72 hours in advance of the event or activit
y. Forms can be found on the City’s website at:
https://escondido.gov/820/Americans-with-Disabilities-Act.

The st
aff report will be available on the City’s website at
https://escondido-ca.municodemeetings.com/ on or around Thursday, November
6, 2025. For additional information,
please contact Ivan Flores, Pr incipal Planner, at 760-839- 4529, or via email at [email protected], and refer to Case No. PL23-0129.

Zack Beck, City Clerk
City of Escondido
DATED:

Oc tober 30, 2025

Published in THE ESCONDIDO TIMES ADVOCATE: 10/30/25
9 Item1.

STAFF REPORT

November 12, 2025
File Number 0400-40

SUBJECT

APPROVAL OF WARRANT REGISTER

DEPARTMENT
Finance

RECOMMENDATION
Approval for City Council and Housing Successor Agency warrants issued between October 27, 2025 to November 02, 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 10/27/2025 to 11/02/2025
Total $2,387,506.22
Number of Warrants 202

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. 10 Item2.

November 5, 2025 Escondido City Council Minutes Page 1 of 5

CLOSED SESSION
4:30 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: Firefighters’ Association Safety and Non-Safety Bargaining Unit

ADJOURNMENT

Mayor White adjourned the meeting at 4:50 p.m.

______________________________ _______________________________

MAYOR CITY CLERK

11 Item3.

November 5, 2025 Escondido City Council Minutes Page 2 of 5

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 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

CLOSED SESSION REPORT

ORAL COMMUNICATIONS
None

CONSENT CALENDAR
Motion: White; Second: C. Garcia; 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 October 13, 2025 to October 26, 2025.

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

3. APPROVAL OF MINUTES: Regular meeting of October 22, 2025

4. WAIVER OF READING OF ORDINANCES AND RESOLUTIONS
12 Item3.

November 5, 2025 Escondido City Council Minutes Page 3 of 5

5. CONTINUING THE EMERGENCY REPAIR OF THE ESCONDIDO TRUNK SEWER MAIN Request the City Council adopt Resolution No. 2025-136, 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 1330-85) Staff Recommendation: Approval (Utilities Department: Kyle Morgan, Interim Director of Utilities)
Presenter: Kyle Morgan, Interim Director of Utilities
a) Resolution No. 2025-136

6. BID AWARD FOR THE PURCHASE OF TWO POLYMER TANKS FOR THE ESCONDIDO-VISTA

WATER TREATMENT PLANT
Request the City Council adopt Resolution No. 2025-137, accepting the lowest, responsive bidder and authorizing the Utilities, Water division to purchase two ASME RTP-1 certified, fiber-reinforced polymer tanks for the Escondido-Vista Water Treatment Plant (“WTP”) from Augusta Fiberglass. (File Number 0470-25)
Staff Recommendation: Approval (Utilities Department: Kyle Morgan, Interim Director of Utilities)
Presenter: Reed Harlan, Assistant Director of Utilities/Water a) Resolution No. 2025-137

PUBLIC HEARINGS

7. TAX EQUITY AND FISCAL RESPONSIBILITY ACT (TEFRA) HEARING REGARDING BONDS FOR NEIGHBORHOOD HEALTHCARE’S PURCHASE OF PROPERTY AT 488 EAST VALLEY PARKWAY Request the City Council conduct a public hearing and adopt Resolution 2025-146 approving issue of revenue obligations in an amount not to exceed $32,000,000 by the California Enterprise Development Authority (“CEDA”) to Neighborhood Healthcare, and/or a related or successor entity (the “Borrower”), at 488 East Valley Parkway in Escondido (“Project”). (File Number 0440-20)
Staff Recommendation: Approval (Development Services Department: Christopher McKinney, Deputy City Manager/Interim Director of Development Services) Presenter: Christopher McKinney, Deputy City Manager/Interim Director of Development Services
a) Resolution No. 2025-146
13 Item3.

November 5, 2025 Escondido City Council Minutes Page 4 of 5

Dr. Rakesh Patel - Expressed support for the item and requested City Council adoption.

Motion: White; Second: C. Garcia; Approved: 5-0

8. SHORT-FORM RENT INCREASE APPLICATION FOR CAREFREE RANCH MOBILE HOMEPARK Request the City Council, sitting as the Escondido Rent Review Board, hold a public hearing to review and consider, the Carefree Ranch Mobilehome Park Short-Form Application and adopt Resolution No. RRB 2025-131. (File Number 0697-20)
Staff Recommendation: Approval (Development Services Department: Christopher McKinny, Deputy City Manager/Interim Director of Development Services) Presenters: Carlos Cervantes, Management Analyst and Stephen Jacobson, Code Compliance Officer II
a) Resolution RRB No. 2025-131
Item continued by Mayor White to November 12, 2025

CURRENT BUSINESS

9. RESIDENTIAL AND COMMERCIAL SOLID WASTE RATE INCREASE Request the City Council adopt Resolution No. 2025-141, approving the annual residential and commercial solid waste and recycling rate adjustments pursuant to the terms of the City of Escondido’s (“City’s”) adopted Solid Waste and Recycling Franchise Agreement with Escondido Disposal, Inc. (“EDI”). (File Number 1320-65)
Staff Recommendation: Approval (Utilities Department: Kyle Morgan, Interim Director of Utilities)
Presenter: Kyle Morgan, Interim Director of Utilities
a) Resolution No. 2025-141
Mayor White recused himself from the item and left the room . Deputy Mayor Martinez took over as Presiding Officer.

Motion: Fitzgerald; Second: C. Garcia; Approved: 4-0 (White – Recuse)

FUTURE AGENDA
Mayor White returned to the room and resumed serving as Presiding Officer. 14 Item3.

November 5, 2025 Escondido City Council Minutes Page 5 of 5

10. 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) Councilmember Fitzgerald / Mayor White – Air Pollution Control District Presentation Councilmember Joe Garcia / Deputy Mayor Martinez – Report on November 4, 2025 Election at the Park Avenue Community Center

ORAL COMMUNICATIONS
None

ADJOURNMENT
Mayor White adjourned the meeting at 5:40 p.m.

______________________________ _______________________________

MAYOR CITY CLERK

15 Item3.
16 Item4.

STAFF REPORT

November 12, 2025
File Number 0490-55

SUBJECT
TREASURER’S INVESTMENT REPORT FOR THE QUARTER ENDED SEPTEMBER 30, 2025

DEPARTMENT
City Treasurer

RECOMMENDATION
Request the City Council approve the Quarterly Investment Report for the quarter ended September 30, 2025.

Staff Recommendation: Approve (City Treasurer: Douglas Shultz, City Treasurer) Presenter: Douglas Shultz, City Treasurer

FISCAL ANALYSIS
From July 1, 2025 to September 30, 2025, the City’s investment portfolio decreased from $238 million to $197 million. The adjusted average annual yield increased from 3.367 percent to 3.430 percent with the portfolio duration at 2.083. After building our final fiscal year quarter to holdings to prepare for the large outflows to PERS and debt service, the payments were made accounting for the amounts decreased in this first fiscal year quarter ending September 30, 2025.

PREVIOUS ACTION
The Investment Report for the quarter ended June 30, 2025, was filed with the City Clerk’s Office on July 31, 2025 and presented to the City Council on August 13, 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:
• Summary of Investment Allocation as of September 30, 2025 (Attachment “1”) • Summary of Investment Portfolio Yield for the last 12 months (Attachment “2”) 17 Item5.

• Schedule of Funds Managed by Outside Parties as of September 30, 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 September 30, 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 maturity 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 September 30, 2025 b) Attachment “2” – Summary of Investment Portfolio Yield for the last 12 months c) Attachment “3” – Schedule of Funds Managed by Outside Parties as of September 30, 2025
d) Attachment “4” – Investment Performance Review for the Quarter Ended September 30, 2025
18 Item5.

Attachment "1"
Investment Type Market Value
State Investment Pool (LAIF) 12,818$ 12,818$ 0.01% California Asset Management Program (CAMP) 18,952,482 18,952,482 9.58% Placement Service Deposits (Stone Castle) 5,454,917 5,454,917 2.76% U.S. Treasury Obligations 118,914,547 119,899,023 60.58% Federal Agency Securities 7,352,422 7,368,276 3.72%
Supranational Securities 0 0 0.00%
U.S. Corporate Bonds 33,523,389 33,737,346 17.05%
U.S. Municipal Bonds 310,000 304,696 0.15%
Asset-Backed Security 88,917 88,766 0.04%
Money Market Account (BNY Blackrock) 12,109,512 12,109,512 6.12% Total Investment Portfolio - September 2025 196,719,003$ 197,927,835$ 100% Reported Total Investments - June 2025 238,416,252$ 239,073,535$ Change from Prior Quarter (41,697,249)$ (41,145,700)$ Portfolio Duration 2.083
City of Escondido
Summary of Investment Allocation
as of September 30, 2025
Book Value
Percent of
Portfolio at
Market
0%
9%
3%
61%
4%
0%
17%
0%0% 6%
Summary of Investment Allocation as of
September 30, 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
19 Item5.

Attachment "2"
Date Book Value Yield
Sep-25 $238,416,251.57 3.503%
Aug-25 $221,757,394.62 3.467%
Jul-25 $216,860,752.44 3.356%
Jun-25 $238,416,251.57 3.516%
May-25 $221,757,394.62 3.478%
Apr-25 $216,860,752.44 3.432%
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%
Average Portfolio Interest Yields 3.430%
* Includes Assets managed by PFM, LAIF, and Stone Castle.

SUMMARY OF INVESTMENT PORTFOLIO YIELDS
FOR THE LAST 12 MONTHS
As of September 30, 2025
20 Item5.

Attachment "3"

CITY OF ESCONDIDO

FUNDS MANAGED BY OUTSIDE PARTIES
As of June 30, 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 97.83$ 3.620% Treasury 1998-1 Rancho San Pasqual Assessment District 00419471 377,885.45 4.000% Treasury 2013 JPFA Reidy Creek Lease Revenue Bonds (2001 Refunding) 00844523 331,581.26 3.960% 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 3.980% Treasury 2013 Community Facility District - Hidden Trails (2001 Refunding) 00495896 56.61 3.990% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686531 287.55 3.990% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686532 29,880.44 3.970% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686537 113.72 0.000% Cash 2015A Wastewater Bond (2004A Refunding) 00479672 71.35 4.050% Dreyfus Cash Management 2015A Wastewater Bond (2004A Refunding) 00479673 26.73 4.040% Dreyfus Cash Management 2015A Wastewater Bond (2004A Refunding) 00479674 255.98 4.060% Dreyfus Cash Management 2015B Wastewater Bond (2004B Refunding) 00480412 25.14 0.000% Dreyfus Cash Management 2015B Wastewater Bond (2004B Refunding) 00480413 2.91 0.000% Dreyfus Cash Management 2015B Wastewater Bond (2004B Refunding) 00480414 88.42 0.000% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766031 122.00 3.800% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766038 821.57 3.810% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766051 170.66 3.810% 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 1,061,473.21 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 6,713,024.89$
SECTION 115 TRUST FUNDS
PUBLIC AGENCY RETIREMENT SERVICES:

PARS Post-Employment Benefits Trust $38,521,639.25 Moderately Conservative HighMark PLUS TOTAL FUNDS MANAGED BY OUTSIDE PARTIES $45,234,664.14
21 Item5.

City of Escondido Quarterly Report
City of Escondido (299155)
Quarter End (Q3 Y2025)
07/01/2025 - 09/30/2025
Dated: 11/04/2025
Locked Down
Attachment "4"
22 Item5.

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))
11 Returns (City of Escondido (299155))
13 Comparison (City of Escondido (299155))
14 Exposure - Security Type (City of Escondido (299155)) 15 Exposure - Market Sector (City of Escondido (299155)) 18 Exposure - Issuer Concentration (City of Escondido (299155)) 22 Summary (City of Escondido (299155))
28 Status (City of Escondido (299155))
29 GAAP GL Income Detail (City of Escondido (299155))
32 GAAP Transaction Detail (City of Escondido (299155)) 39 Audit (City of Escondido (299155))
41 Table of Contents
Dated: 11/04/2025
Attachment "4"
23 Item5.

Issuer Concentration
Issuer Ending % of Market
Value + Accrued
United States Department of The Treasury 69.145%
Other 14.837%
BLAKCROCK 6.941%
Federal National Mortgage Association 3.115%
Amazon.com, Inc. 1.899%
UnitedHealth Group Incorporated 1.526%
Waste Management, Inc. 1.378%
The Bank of New York Mellon Corporation 1.160%
--- 100.000%
Footnotes: 1,2
Cash and Fixed Income Summary
Risk Metric Value
MMFund 12,109,511.66
Fixed Income 162,363,359.73
Duration 2.083
Convexity 0.054
WAL 2.074
Years to Final Maturity 2.122
Years to Effective Maturity 2.073
Yield 3.765
Book Yield 3.398
Avg Credit Rating AA/Aa2/AA
Balance Sheet
Book Value + Accrued 173,264,188.87
Net Unrealized Gain/Loss 1,208,682.53
Market Value + Accrued 174,472,871.39
Exposure - Security Type
Exposure - Sector
Exposure - Asset Class
Risk Summary - Fixed Income City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 1 Attachment "4"
24 Item5.

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 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% AA 19.408% 16.411% 22.340% 12.557% 6.055% 0.000% 0.000% 0.000% 0.000% A 1.591% 8.452% 1.775% 3.438% 1.033% 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)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 2 Attachment "4"
25 Item5.

MMF Asset Allocation Exposure - Currency
Exposure - Industry Group
Exposure - Industry Subgroup
Exposure - Industry Sector
Exposure - Country
Risk Summary - Fixed Income City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 3 Attachment "4"
26 Item5.
1: * Grouped by: Issuer. 2: * Groups Sorted by: Ending % of Market Value + Accrued.

Risk Summary - Fixed Income City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 4 Attachment "4"
27 Item5.

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 174,472,871.39 0.336% 1.202% 2.610% 4.169% 4.201% --- --- --- ICE BofA 1-5 Year US Corporate & Government
Index
--- 0.293% 1.295% 2.807% 4.172% 3.925% --- --- ---
Multiple Benchmarks Comparison City of Escondido (299155) Base Currency: USD As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 5 Attachment "4"
28 Item5.

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 Jensen's Alpha Information Ratio Standard Deviation Tracking Error City of Escondido ICE BofA 1-5 Year US Corporate & Government Index

1.202% 1.295% -0.013 -0.001 -0.037 0.075% 0.028%
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)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 6 Attachment "4"
29 Item5.

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 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP AA+ Aaa AA+ NA 992,919.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP AA+ Aaa AA+ NA 939,887.78 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND AA+ Aa1 AA+ AA+ 944,888.33 City of Escondido 3134GWYS9 FEDERAL HOME LOAN MORTGAGE CORP 1,000,000.00 USD 10/15/2025 AGCY BOND AA+ Aa1 AA+ AA+ 1,001,396.67 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND AA+ Aa1 AA+ AA+ 947,954.17 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,125,000.00 USD 11/07/2025 AGCY BOND AA+ Aa1 AA+ AA+ 1,123,065.00 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 360,000.00 USD 11/07/2025 AGCY BOND AA+ Aa1 AA+ AA+ 359,380.80 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 3,000,000.00 USD 03/24/2028 AGCY BOND AA+ Aa1 AA+ AA+ 3,003,765.00 City of Escondido 9128282A7 UNITED STATES TREASURY 1,900,000.00 USD 08/15/2026 US GOV AA+ Aa1 AA+ AA+ 1,867,026.95 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV AA+ Aa1 AA+ AA+ 3,987,214.67 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 2,044,923.42 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV AA+ Aa1 AA+ AA+ 2,913,367.74 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV AA+ Aa1 AA+ AA+ 1,141,316.62 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,975,537.93 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV AA+ Aa1 AA+ AA+ 1,828,051.52 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV AA+ Aa1 AA+ AA+ 2,846,170.76 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,887,123.59 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV AA+ Aa1 AA+ AA+ 1,881,460.82 City of Escondido 91282CBC4 UNITED STATES TREASURY 1,200,000.00 USD 12/31/2025 US GOV AA+ Aa1 AA+ AA+ 1,190,313.23 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 637,719.11 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,265,551.10 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,581,938.87 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 988,711.79 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 790,969.43 Exposure - Credit Rating City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 7 Attachment "4"
30 Item5.

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 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV AA+ Aa1 AA+ AA+ 937,783.59 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV AA+ Aa1 AA+ AA+ 2,959,644.53 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV AA+ Aa1 AA+ AA+ 394,619.27 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,969,661.21 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,650,516.83 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV AA+ Aa1 AA+ AA+ 2,357,881.18 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV AA+ Aa1 AA+ AA+ 353,167.66 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV AA+ Aa1 AA+ AA+ 2,011,093.62 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV AA+ Aa1 AA+ AA+ 2,821,212.23 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 488,718.94 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 4,887,189.40 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 390,975.15 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 977,437.88 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV AA+ Aa1 AA+ AA+ 1,995,596.30 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV AA+ Aa1 AA+ AA+ 2,933,975.41 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV AA+ Aa1 AA+ AA+ 1,986,966.63 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV AA+ Aa1 AA+ AA+ 2,980,449.95 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV AA+ Aa1 AA+ AA+ 3,005,409.95 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 989,083.15 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 989,083.15 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV AA+ Aa1 AA+ AA+ 993,576.10 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV AA+ Aa1 AA+ AA+ 1,964,812.21 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV AA+ Aa1 AA+ AA+ 2,055,144.46 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,027,572.23 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV AA+ Aa1 AA+ AA+ 3,049,298.40 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV AA+ Aa1 AA+ AA+ 4,061,811.20 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV AA+ Aa1 AA+ AA+ 1,012,405.41 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV AA+ Aa1 AA+ AA+ 2,024,810.83 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV AA+ Aa1 AA+ AA+ 5,002,647.94 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV AA+ Aa1 AA+ AA+ 1,011,956.74 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV AA+ Aa1 AA+ AA+ 2,023,913.48 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV AA+ Aa1 AA+ AA+ 2,024,984.75 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV AA+ Aa1 AA+ AA+ 1,014,482.13 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV AA+ Aa1 AA+ AA+ 5,050,884.51 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV AA+ Aa1 AA+ AA+ 2,040,217.39 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV AA+ Aa1 AA+ AA+ 3,060,326.09 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV AA+ Aa1 AA+ AA+ 3,061,169.18 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV AA+ Aa1 AA+ AA+ 2,021,495.27 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV AA+ Aa1 AA+ AA+ 3,085,341.18 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV AA+ Aa1 AA+ AA+ 3,038,630.71 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV AA+ Aa1 AA+ AA+ 2,025,753.80 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV AA+ Aa1 AA+ AA+ 1,015,503.32 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 3,064,686.68 City of Escondido --- --- 130,905,000.00 USD 12/09/2027 --- AA+ Aa1 AA+ AA+ 129,952,544.52Account 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 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI AA Aa2 NA AAA 305,823.53 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI AA Aa2 NA AAA 305,823.53 Exposure - Credit Rating City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 8 Attachment "4"
31 Item5.

AA-
A+
A
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 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP AA- Aa2 AA- NA 1,867,751.11 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP AA- Aa3 AA NA 1,817,611.11 City of Escondido --- --- 4,000,000.00 USD 05/01/2030 CORP AA- Aa2 AA- NA 3,685,362.22Account 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 1,050,710.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP A+ A1 AA AA- 481,581.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP A+ A1 AA AA- 1,801,473.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP A+ A1 AA AA- 1,030,436.67 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP A+ A1 A+ WR 690,333.00 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP A+ Aa3 A+ A+ 1,031,851.39 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP A+ A1 A+ WR 1,451,615.00 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP A+ Aa3 A+ NA 976,433.33 City of Escondido --- --- 8,700,000.00 USD 10/01/2028 CORP A+ A1 AA- AA- 8,514,434.39 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 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP A Aa3 A AA- 2,023,492.00 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 250,000.00 USD 11/13/2025 CORP A A2 A WR 249,698.75 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 353,000.00 USD 11/13/2025 CORP A A2 A WR 352,574.64 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP A A2 AA- NA 1,997,878.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP A A2 A A+ 782,031.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP 500,000.00 USD 01/06/2026 CORP A A2 A A+ 506,456.67 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP A A1 A A+ 781,110.22 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP A A2 A WR 929,406.67 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP A A2 A A 973,516.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP A A2 A A 1,036,926.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP A A2 A A 673,110.67 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP A A1 A AA- 1,082,155.17 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP A A2 A+ A+ 681,642.37 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP A A2 A A 176,487.60 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP A A2 A A 637,316.33 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP A A2 A+ A 2,015,372.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP A A2 A+ A 202,011.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP A A2 A+ A 444,425.42 City of Escondido --- --- 15,543,000.00 USD 01/29/2028 CORP A A2 A A+ 15,545,613.50 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 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP A- A3 A- A 976,074.44 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP A- A3 A- A- 979,367.78 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP A- A3 A- A- 2,404,139.35 City of Escondido --- --- 4,335,000.00 USD 03/26/2027 CORP A- A3 A- A- 4,359,581.57 Exposure - Credit Rating City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 9 Attachment "4"
32 Item5.

NA
Summary

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

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 12,109,511.66 USD 09/30/2025 MMFUND NA NA NA NA 12,109,511.66 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 12,109,511.66 USD 09/30/2025 MMFUND NA NA NA NA 12,109,511.66Account 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 --- --- 175,902,511.66 USD 11/14/2027 --- AA Aa2 AA AA 174,472,871.39 Exposure - Credit Rating City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 10 Attachment "4"
33 Item5.

Cash and Fixed Income Summary
Risk Metric Value
MMFund 12,109,511.66
Fixed Income 162,363,359.73
Duration 2.083
Convexity 0.054
WAL 2.074
Years to Final Maturity 2.122
Years to Effective Maturity 2.073
Yield 3.765
Book Yield 3.398
Avg Credit Rating AA/Aa2/AA
Balance Sheet
Field Value
Book Value + Accrued 173,264,188.87
Net Unrealized Gain/Loss 1,208,682.53
Market Value + Accrued 174,472,871.39
Compliance Overview
Status Non-Compliant
As of 09/30/2025
Violations 1
Reconciliation Status
Status Reconciled
Last Reconciled For 11/03/2025
Summary
Overview City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 11 Attachment "4"
34 Item5.

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

Overview City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 12 Attachment "4"
35 Item5.

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 07/01/2025 07/31/2025 -0.024% 0.291% -0.315%
08/01/2025 08/29/2025 0.876% 0.279% 0.596%
08/30/2025 09/30/2025 0.347% 0.325% 0.022%
--- --- --- --- ---
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)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 13 Attachment "4"
36 Item5.

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 Jensen''s
Alpha, 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
--- 0.293% 1.295% 2.807% 4.172% --- --- --- 0.109% ---
City of Escondido 174,472,871.39 0.336% 1.202% 2.610% 4.169% -0.001 0.000 0.000 0.086% 0.040% Comparison City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 14 Attachment "4"
37 Item5.

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 1,867,026.95 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV 3,987,214.67 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV 2,044,923.42 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV 2,913,367.74 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV 1,141,316.62 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV 1,975,537.93 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV 1,828,051.52 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV 2,846,170.76 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV 1,887,123.59 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV 1,881,460.82 City of Escondido 91282CBC4 UNITED STATES TREASURY 1,200,000.00 USD 12/31/2025 US GOV 1,190,313.23 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV 637,719.11 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV 1,265,551.10 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV 1,581,938.87 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV 988,711.79 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV 790,969.43 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV 937,783.59 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV 2,959,644.53 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV 394,619.27 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV 1,969,661.21 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV 1,650,516.83 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV 2,357,881.18 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV 353,167.66 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV 2,011,093.62 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV 2,821,212.23 Exposure - Security Type City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 15 Attachment "4"
38 Item5.

CORP
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV 488,718.94 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV 4,887,189.40 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV 390,975.15 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV 977,437.88 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV 1,995,596.30 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV 2,933,975.41 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV 1,986,966.63 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV 2,980,449.95 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV 3,005,409.95 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV 989,083.15 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV 989,083.15 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV 993,576.10 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV 1,964,812.21 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV 2,055,144.46 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV 1,027,572.23 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV 3,049,298.40 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV 4,061,811.20 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV 1,012,405.41 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV 2,024,810.83 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV 5,002,647.94 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV 1,011,956.74 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV 2,023,913.48 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV 2,024,984.75 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV 1,014,482.13 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV 5,050,884.51 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV 2,040,217.39 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV 3,060,326.09 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV 3,061,169.18 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV 2,021,495.27 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV 3,085,341.18 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV 3,038,630.71 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV 2,025,753.80 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV 1,015,503.32 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV 3,064,686.68 City of Escondido --- UNITED STATES TREASURY 121,420,000.00 USD 12/26/2027 US GOV 120,639,287.61 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 1,050,710.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP 481,581.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP 1,801,473.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP 1,030,436.67 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP 976,074.44 City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP 992,919.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP 939,887.78 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP 690,333.00 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP 2,023,492.00 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 250,000.00 USD 11/13/2025 CORP 249,698.75 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 353,000.00 USD 11/13/2025 CORP 352,574.64 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP 1,997,878.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP 782,031.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP 500,000.00 USD 01/06/2026 CORP 506,456.67 City of Escondido 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP 1,867,751.11 Exposure - Security Type City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 16 Attachment "4"
39 Item5.

MMFUND

AGCY BOND
MUNI
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 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP 1,031,851.39 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP 1,451,615.00 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP 1,817,611.11 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP 781,110.22 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP 929,406.67 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP 973,516.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP 1,036,926.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP 673,110.67 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP 979,367.78 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP 1,082,155.17 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP 976,433.33 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP 681,642.37 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP 176,487.60 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP 637,316.33 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP 2,015,372.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP 202,011.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP 444,425.42 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP 2,404,139.35 City of Escondido --- --- 34,578,000.00 USD 05/08/2028 CORP 34,037,798.62 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 12,109,511.66 USD 09/30/2025 MMFUND 12,109,511.66 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 12,109,511.66 USD 09/30/2025 MMFUND 12,109,511.66 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND 944,888.33 City of Escondido 3134GWYS9 FEDERAL HOME LOAN MORTGAGE CORP 1,000,000.00 USD 10/15/2025 AGCY BOND 1,001,396.67 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND 947,954.17 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,125,000.00 USD 11/07/2025 AGCY BOND 1,123,065.00 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 360,000.00 USD 11/07/2025 AGCY BOND 359,380.80 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 3,000,000.00 USD 03/24/2028 AGCY BOND 3,003,765.00 City of Escondido --- --- 7,485,000.00 USD 04/18/2027 AGCY BOND 7,380,449.97 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI 305,823.53 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI 305,823.53 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido --- --- 175,902,511.66 USD 11/14/2027 --- 174,472,871.39 Exposure - Security Type City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 17 Attachment "4"
40 Item5.

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 1,867,026.95 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV Government 3,987,214.67 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV Government 2,044,923.42 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV Government 2,913,367.74 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV Government 1,141,316.62 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV Government 1,975,537.93 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV Government 1,828,051.52 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV Government 2,846,170.76 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV Government 1,887,123.59 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV Government 1,881,460.82 City of Escondido 91282CBC4 UNITED STATES TREASURY 1,200,000.00 USD 12/31/2025 US GOV Government 1,190,313.23 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV Government 637,719.11 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV Government 1,265,551.10 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV Government 1,581,938.87 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV Government 988,711.79 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV Government 790,969.43 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV Government 937,783.59 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV Government 2,959,644.53 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV Government 394,619.27 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV Government 1,969,661.21 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV Government 1,650,516.83 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV Government 2,357,881.18 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV Government 353,167.66 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV Government 2,011,093.62 Exposure - Market Sector City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 18 Attachment "4"
41 Item5.

Industrial
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV Government 2,821,212.23 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV Government 488,718.94 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV Government 4,887,189.40 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV Government 390,975.15 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV Government 977,437.88 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV Government 1,995,596.30 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV Government 2,933,975.41 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV Government 1,986,966.63 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV Government 2,980,449.95 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV Government 3,005,409.95 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV Government 989,083.15 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV Government 989,083.15 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV Government 993,576.10 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV Government 1,964,812.21 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV Government 2,055,144.46 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV Government 1,027,572.23 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV Government 3,049,298.40 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV Government 4,061,811.20 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV Government 1,012,405.41 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV Government 2,024,810.83 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV Government 5,002,647.94 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV Government 1,011,956.74 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV Government 2,023,913.48 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV Government 2,024,984.75 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV Government 1,014,482.13 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV Government 5,050,884.51 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV Government 2,040,217.39 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV Government 3,060,326.09 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV Government 3,061,169.18 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV Government 2,021,495.27 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV Government 3,085,341.18 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV Government 3,038,630.71 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV Government 2,025,753.80 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV Government 1,015,503.32 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV Government 3,064,686.68 City of Escondido --- UNITED STATES TREASURY 121,420,000.00 USD 12/26/2027 US GOV Government 120,639,287.61 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 1,050,710.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP Industrial 481,581.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP Industrial 1,801,473.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP Industrial 1,030,436.67 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP Industrial 976,074.44 City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP Industrial 992,919.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP Industrial 939,887.78 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP Industrial 690,333.00 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 250,000.00 USD 11/13/2025 CORP Industrial 249,698.75 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 353,000.00 USD 11/13/2025 CORP Industrial 352,574.64 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP Industrial 1,997,878.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP Industrial 782,031.56 Exposure - Market Sector City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 19 Attachment "4"
42 Item5.

Cash
Agency
Financial
Municipal
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP 500,000.00 USD 01/06/2026 CORP Industrial 506,456.67 City of Escondido 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP Industrial 1,867,751.11 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP Industrial 1,451,615.00 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP Industrial 1,817,611.11 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP Industrial 781,110.22 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP Industrial 929,406.67 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP Industrial 973,516.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP Industrial 1,036,926.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Industrial 673,110.67 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP Industrial 979,367.78 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP Industrial 976,433.33 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP Industrial 176,487.60 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP Industrial 637,316.33 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP Industrial 2,015,372.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP Industrial 202,011.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP Industrial 444,425.42 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Industrial 2,404,139.35 City of Escondido --- --- 29,908,000.00 USD 04/09/2028 CORP Industrial 29,218,657.70 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 12,109,511.66 USD 09/30/2025 MMFUND Cash 12,109,511.66 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 12,109,511.66 USD 09/30/2025 MMFUND Cash 12,109,511.66 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND Agency 944,888.33 City of Escondido 3134GWYS9 FEDERAL HOME LOAN MORTGAGE CORP 1,000,000.00 USD 10/15/2025 AGCY BOND Agency 1,001,396.67 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND Agency 947,954.17 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,125,000.00 USD 11/07/2025 AGCY BOND Agency 1,123,065.00 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE ASSOCIATION 360,000.00 USD 11/07/2025 AGCY BOND Agency 359,380.80 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE ASSOCIATION 3,000,000.00 USD 03/24/2028 AGCY BOND Agency 3,003,765.00 City of Escondido --- --- 7,485,000.00 USD 04/18/2027 AGCY BOND Agency 7,380,449.97 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP Financial 2,023,492.00 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Financial 1,031,851.39 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP Financial 1,082,155.17 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Financial 681,642.37 City of Escondido --- --- 4,670,000.00 USD 11/05/2028 CORP Financial 4,819,140.92 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI Municipal 305,823.53 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI Municipal 305,823.53 Exposure - Market Sector City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 20 Attachment "4"
43 Item5.

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 --- --- 175,902,511.66 USD 11/14/2027 --- --- 174,472,871.39 Exposure - Market Sector City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 21 Attachment "4"
44 Item5.

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 United States 1,867,026.95 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV United States Department of The Treasury United States 3,987,214.67 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV United States Department of The Treasury United States 2,044,923.42 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV United States Department of The Treasury United States 2,913,367.74 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV United States Department of The Treasury United States 1,141,316.62 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV United States Department of The Treasury United States 1,975,537.93 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV United States Department of The Treasury United States 1,828,051.52 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV United States Department of The Treasury United States 2,846,170.76 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV United States Department of The Treasury United States 1,887,123.59 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV United States Department of The Treasury United States 1,881,460.82 City of Escondido 91282CBC4 UNITED STATES TREASURY 1,200,000.00 USD 12/31/2025 US GOV United States Department of The Treasury United States 1,190,313.23 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV United States Department of The Treasury United States 637,719.11 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV United States Department of The Treasury United States 1,265,551.10 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV United States Department of The Treasury United States 1,581,938.87 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV United States Department of The Treasury United States 988,711.79 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV United States Department of The Treasury United States 790,969.43 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV United States Department of The Treasury United States 937,783.59 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV United States Department of The Treasury United States 2,959,644.53 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV United States Department of The Treasury United States 394,619.27 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV United States Department of The Treasury United States 1,969,661.21 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV United States Department of The Treasury United States 1,650,516.83 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV United States Department of The Treasury United States 2,357,881.18 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV United States Department of The Treasury United States 353,167.66 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV United States Department of The Treasury United States 2,011,093.62 Exposure - Issuer Concentration City of Escondido (299155) As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 22 Attachment "4"
45 Item5.
(X9USDBRD2) BLAKCROCK
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 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV United States Department of The Treasury United States 2,821,212.23 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV United States Department of The Treasury United States 488,718.94 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV United States Department of The Treasury United States 4,887,189.40 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV United States Department of The Treasury United States 390,975.15 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV United States Department of The Treasury United States 977,437.88 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV United States Department of The Treasury United States 1,995,596.30 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV United States Department of The Treasury United States 2,933,975.41 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV United States Department of The Treasury United States 1,986,966.63 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV United States Department of The Treasury United States 2,980,449.95 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV United States Department of The Treasury United States 3,005,409.95 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV United States Department of The Treasury United States 989,083.15 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV United States Department of The Treasury United States 989,083.15 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV United States Department of The Treasury United States 993,576.10 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV United States Department of The Treasury United States 1,964,812.21 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV United States Department of The Treasury United States 2,055,144.46 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV United States Department of The Treasury United States 1,027,572.23 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV United States Department of The Treasury United States 3,049,298.40 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV United States Department of The Treasury United States 4,061,811.20 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV United States Department of The Treasury United States 1,012,405.41 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV United States Department of The Treasury United States 2,024,810.83 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV United States Department of The Treasury United States 5,002,647.94 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV United States Department of The Treasury United States 1,011,956.74 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV United States Department of The Treasury United States 2,023,913.48 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV United States Department of The Treasury United States 2,024,984.75 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV United States Department of The Treasury United States 1,014,482.13 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV United States Department of The Treasury United States 5,050,884.51 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV United States Department of The Treasury United States 2,040,217.39 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV United States Department of The Treasury United States 3,060,326.09 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV United States Department of The Treasury United States 3,061,169.18 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV United States Department of The Treasury United States 2,021,495.27 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV United States Department of The Treasury United States 3,085,341.18 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV United States Department of The Treasury United States 3,038,630.71 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV United States Department of The Treasury United States 2,025,753.80 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV United States Department of The Treasury United States 1,015,503.32 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV United States Department of The Treasury United States 3,064,686.68 City of Escondido --- UNITED STATES TREASURY 121,420,000.00 USD 12/26/2027 US GOV United States Department of The Treasury
United States 120,639,287.61
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
12,109,511.66 USD 09/30/2025 MMFUND BLAKCROCK (X9USDBRD2) BLAKCROCK 12,109,511.66 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
12,109,511.66 USD 09/30/2025 MMFUND BLAKCROCK (X9USDBRD2) BLAKCROCK 12,109,511.66 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
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 947,954.17 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 1,123,065.00 Exposure - Issuer Concentration City of Escondido (299155) As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 23 Attachment "4"
46 Item5.

Amazon.com, Inc.

UnitedHealth Group Incorporated
Waste Management, Inc.

The Bank of New York Mellon Corporation
The Home Depot, Inc.

Berkshire Hathaway Inc.

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
360,000.00 USD 11/07/2025 AGCY BOND Federal National Mortgage Association Federal National Mortgage Association 359,380.80 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 3,003,765.00 City of Escondido --- FEDERAL NATIONAL MORTGAGE

ASSOCIATION
5,485,000.00 USD 07/02/2027 AGCY BOND Federal National Mortgage Association Federal National Mortgage Association 5,434,164.97 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. 481,581.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP Amazon.com, Inc. Amazon.com, Inc. 1,801,473.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP Amazon.com, Inc. Amazon.com, Inc. 1,030,436.67 City of Escondido --- AMAZON.COM INC 3,500,000.00 USD 03/16/2029 CORP Amazon.com, Inc. Amazon.com, Inc. 3,313,491.67 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 2,015,372.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 202,011.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 444,425.42 City of Escondido --- UNITEDHEALTH GROUP INC 2,640,000.00 USD 03/11/2028 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 2,661,809.20 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. 2,404,139.35 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Waste Management, Inc. Waste Management, Inc. 2,404,139.35 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
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 2,023,492.00 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
2,023,492.00
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. 973,516.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 1,036,926.67 City of Escondido --- HOME DEPOT INC 2,000,000.00 USD 06/20/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 2,010,442.78 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. 1,997,878.89 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. 1,997,878.89 Exposure - Issuer Concentration City of Escondido (299155) As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 24 Attachment "4"
47 Item5.

Apple Inc.

Chevron Corporation
Costco Wholesale Corporation
The Coca-Cola Company
Caterpillar Inc.

JPMorgan Chase & Co.

Adobe Inc.

Citigroup Inc.

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. 992,919.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP Apple Inc. Apple Inc. 939,887.78 City of Escondido --- APPLE INC 2,000,000.00 USD 07/26/2027 CORP Apple Inc. Apple Inc. 1,932,806.94 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP Chevron Corporation Chevron Corporation 1,867,751.11 City of Escondido 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP Chevron Corporation Chevron Corporation 1,867,751.11 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP Costco Wholesale Corporation Costco Wholesale Corporation 1,817,611.11 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP Costco Wholesale Corporation Costco Wholesale Corporation 1,817,611.11 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 1,451,615.00 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP The Coca-Cola Company The Coca-Cola Company 1,451,615.00 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. 782,031.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP
500,000.00 USD 01/06/2026 CORP Caterpillar Financial Services Corporation Caterpillar Inc. 506,456.67 City of Escondido --- CATERPILLAR FINANCIAL SERVICES
CORP
1,300,000.00 USD 08/17/2026 CORP Caterpillar Financial Services Corporation
Caterpillar Inc. 1,288,488.22
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. 1,082,155.17 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP JPMorgan Chase & Co. JPMorgan Chase & Co. 1,082,155.17 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. 1,050,710.00 City of Escondido 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP Adobe Inc. Adobe Inc. 1,050,710.00 Exposure - Issuer Concentration City of Escondido (299155) As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 25 Attachment "4"
48 Item5.

Federal Home Loan Mortgage Corporation
International Business Machines Corporation
Mastercard Incorporated
Honda Motor Co., Ltd.

Farm Credit System
The Walt Disney Company
Target Corporation
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, N.A. Citigroup Inc. 1,031,851.39 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Citibank, N.A. Citigroup Inc. 1,031,851.39 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 1,001,396.67 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
1,001,396.67
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
979,367.78
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
979,367.78
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 976,433.33 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP Mastercard Incorporated Mastercard Incorporated 976,433.33 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. 976,074.44 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. 976,074.44 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 944,888.33
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 944,888.33
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 929,406.67 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP The Walt Disney Company The Walt Disney Company 929,406.67 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 176,487.60 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP Target Corporation Target Corporation 637,316.33 Exposure - Issuer Concentration City of Escondido (299155) As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 26 Attachment "4"
49 Item5.

Deere & Company
AstraZeneca PLC
Northern Trust Corporation
Honeywell International Inc.

Bristol-Myers Squibb Company
County of Los Angeles, California
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 87612EBM7 TARGET CORP 830,000.00 USD 01/15/2027 CORP Target Corporation Target Corporation 813,803.93 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 781,110.22 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP John Deere Capital Corporation Deere & Company 781,110.22 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 690,333.00 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP AstraZeneca Finance LLC AstraZeneca PLC 690,333.00 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 681,642.37 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Northern Trust Corporation Northern Trust Corporation 681,642.37 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. 673,110.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Honeywell International Inc. Honeywell International Inc. 673,110.67 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 249,698.75 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 353,000.00 USD 11/13/2025 CORP Bristol-Myers Squibb Company Bristol-Myers Squibb Company 352,574.64 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 603,000.00 USD 11/13/2025 CORP Bristol-Myers Squibb Company Bristol-Myers Squibb Company 602,273.39 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 305,823.53 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 305,823.53 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido --- --- 175,902,511.66 USD 11/14/2027 --- --- --- 174,472,871.39 Exposure - Issuer Concentration City of Escondido (299155) As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 27 Attachment "4"
50 Item5.

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 08/01/2025 08/29/2025 0.876% 0.279% 0.596%
Prior Quarter 04/01/2025 06/30/2025 1.392% 0.869% 0.523% Prior Year 12/30/2023 12/31/2024 4.201% 3.017% 1.184%
Trailing Month 09/01/2025 09/30/2025 0.336% 0.309% 0.027% Trailing Quarter 07/01/2025 09/30/2025 1.202% 0.898% 0.303% Trailing Year 10/01/2024 09/30/2025 4.169% 3.422% 0.747% 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 09/30/2025 Return to Table of Contents Dated: 11/04/2025 28 Attachment "4"
51 Item5.

Compliance Summary

City of Escondido - City Escondido Compliance
Violating
Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Violating City of Escondido City Escondido Compliance 60 59 1 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 73.375 73.375 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Municipal Securities
0 0.175 0.175 100.000 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 69.145 69.145 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Bank Deposits 0 2.762 2.762 100.000 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 --- --- 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Money Market Funds
0 6.941 6.941 100.000 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 0.175 0.175 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 --- --- 20.000 N N
Compliant City of Escondido City Escondido Compliance Concentration Maximum Concentration for Callable Agency Securities
0 18.613 18.613 30.000 N N
Status City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 29 Attachment "4"
52 Item5.

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 6.941 6.941 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 3.115 3.115 30.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Municipal Securities
0 0.175 0.175 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 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Money Market Funds
0 6.941 6.941 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
Violating City of Escondido City Escondido Compliance Maturity Maximum Maturity for U.S. Agency Securities
42 5.052 5.052 5.000 N Y
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Municipal Securities 0 4.639 4.639 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 4.918 4.918 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 Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Asset-Backed Securities
0 --- --- 5.000 N N
Status City of Escondido (299155)
As of 09/30/2025 Return to Table of Contents Dated: 11/04/2025 30 Attachment "4"
53 Item5.

Resolutions for City of Escondido - City Escondido Compliance

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
-10,765,371.53
509,875.00

0.00 0.00

0.00 0.00
-143,000.00

0.00 0.00

0.00 0.00
-143,000.00
Cash
City of Escondido
CCYUSD
Cash

0.00 USD
CASH
Cash
---
Y
Y
-10,765,371.53
509,875.00

0.00 0.00

0.00 0.00
-143,000.00

0.00 0.00

0.00 0.00
-143,000.00
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
12,109,511.66
USD
MMFUND
CE
---
Y
Y

0.00 12,849,617.92
10,168,265.27

0.00 -10,908,371.53

0.00 0.00
12,109,511.66

0.00 0.00

0.00 144,316.73
144,316.73

0.00 0.00
144,316.73
CE
City of Escondido
X9USDBRD2

BLACKROCK FED TRST DOLR SHR FD
102
12,109,511.66
USD
MMFUND
CE
---
Y
Y

0.00 12,849,617.92
10,168,265.27

0.00 -10,908,371.53

0.00 0.00
12,109,511.66

0.00 0.00

0.00 144,316.73
144,316.73

0.00 0.00
144,316.73
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 1,008,047.58

0.00 0.00

0.00 1,007,543.64
-503.95

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
11,496.05
LT
City of Escondido
023135BR6
AMAZON.COM INC
500,000.00
USD
CORP
LT
WA
Y
Y

0.00 467,095.60

0.00 0.00

0.00 471,237.25
4,141.65

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
5,641.65
LT
City of Escondido
023135BS4
AMAZON.COM INC
2,000,000.00
USD
CORP
LT
WA
Y
Y

0.00 1,758,568.67

0.00 0.00

0.00 1,769,747.50
11,178.83

0.00 0.00
2,333.33

0.00 0.00

0.00 0.00
9,833.33

0.00 7,500.00

0.00 0.00
18,678.83
LT
City of Escondido
023135CP9
AMAZON.COM INC
1,000,000.00
USD
CORP
LT
WA
Y
Y

0.00 1,002,685.36

0.00 0.00

0.00 1,002,412.23
-273.13

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
11,101.87
LT
City of Escondido
02665WDZ1

AMERICAN HONDA FINANCE CORP

0.00 USD
CORP
LT
CA
Y
Y

0.00 996,324.66

0.00 0.00

0.00 -996,906.11

0.00 0.00
581.46

0.00 0.00
4,044.44

0.00 0.00

0.00 -6,500.00

0.00 0.00
2,455.56

0.00 0.00
3,037.01
LT
City of Escondido
037833BZ2

APPLE INC

0.00 USD
CORP
LT
CA
Y
Y

0.00 981,049.41

0.00 0.00

0.00 -982,630.18

0.00 0.00
1,580.77

0.00 0.00
10,004.17

0.00 0.00

0.00 -12,250.00

0.00 0.00
2,245.83

0.00 0.00
3,826.60
LT
City of Escondido
037833EH9

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

0.00 903,284.26

0.00 0.00

0.00 910,634.99
7,350.73

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
10,850.73
LT
City of Escondido
05602RAD3
BMWOT 2022-A A3

0.00 USD
ABS
LT
DE
Y
Y

0.00 33,162.50

0.00 0.00
-12,531.42
-20,631.16

0.00 0.00

0.08 0.00

0.00 17.74

0.00 0.00

0.00 -55.19

0.00 88.71
126.16

0.00 0.00
126.23
LT
City of Escondido
06406RBG1

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

0.00 1,977,003.37

0.00 0.00

0.00 1,979,863.46
2,860.08

0.00 0.00
3,992.00

0.00 0.00

0.00 0.00
23,952.00

0.00 19,960.00

0.00 0.00
22,820.08
LT
City of Escondido
12189LBA8

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

0.00 1,966,809.68

0.00 0.00

0.00 1,970,941.32
4,131.64

0.00 0.00
2,888.89

0.00 0.00

0.00 0.00
19,138.89

0.00 16,250.00

0.00 0.00
20,381.64
GAAP GL Income Detail City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 32 Attachment "4"
55 Item5.

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
14913R2U0

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

0.00 798,310.88

0.00 0.00

0.00 798,586.49
275.61

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
3,675.61
LT
City of Escondido
166764BY5

CHEVRON CORP
2,000,000.00
USD
CORP
LT
TX
Y
Y

0.00 1,816,768.85

0.00 0.00

0.00 1,825,333.81
8,564.96

0.00 0.00
6,211.11

0.00 0.00

0.00 0.00
17,391.11

0.00 11,180.00

0.00 0.00
19,744.96
LT
City of Escondido
17325FBK3

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

0.00 1,007,199.91

0.00 0.00

0.00 1,006,788.32
-411.59

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
11,683.41
LT
City of Escondido
191216CU2

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

0.00 1,413,101.81

0.00 0.00

0.00 1,424,085.15
10,983.34

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
16,420.84
LT
City of Escondido
22160KAP0

COSTCO WHOLESALE CORP
2,000,000.00
USD
CORP
LT
WA
Y
Y

0.00 1,770,833.29

0.00 0.00

0.00 1,781,743.96
10,910.67

0.00 0.00
6,311.11

0.00 0.00

0.00 0.00
14,311.11

0.00 8,000.00

0.00 0.00
18,910.67
LT
City of Escondido
24422EWA3

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

0.00 798,581.50

0.00 0.00

0.00 798,811.81
230.30

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
3,630.30
LT
City of Escondido
254687FL5

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

0.00 908,107.63

0.00 0.00

0.00 913,177.14
5,069.52

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
10,069.52
LT
City of Escondido
3133EMAC6

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

AGCY BOND
LT
NJ
N
Y

0.00 932,575.00

0.00 0.00

0.00 939,858.45
7,283.45

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
9,158.45
LT
City of Escondido
3135G05Y5

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
1,000,000.00
USD

AGCY BOND
LT
DC
Y
Y

0.00 920,974.01

0.00 0.00

0.00 929,305.56
8,331.55

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
10,206.55
LT
City of Escondido
3136GADZ9

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
3,000,000.00
USD

AGCY BOND
LT
DC
Y
Y

0.00 3,000,000.00

0.00 0.00

0.00 3,000,000.00

0.00 0.00

0.00 35,250.00

0.00 0.00

0.00 0.00
2,625.00
66,375.00
33,750.00

0.00 0.00
33,750.00
LT
City of Escondido
380146AC4
GMCAR 2022-1 A3

0.00 USD
ABS
LT
DE
Y
Y

0.00 8,775.02

0.00 0.00
-8,775.04

0.00 0.00

0.00 0.02

0.00 0.00

4.61 0.00

0.00 0.00

9.21 4.60

0.00 0.00

4.63 LT
City of Escondido
437076BY7

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

0.00 946,524.98

0.00 0.00

0.00 949,664.72
3,139.74

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
10,514.74
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
438516CE4

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

0.00 688,720.23

0.00 0.00

0.00 690,393.70
1,673.48

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
3,598.48
LT
City of Escondido
448977AD0
HART 2022-A A3

0.00 USD
ABS
LT
DE
Y
Y

0.00 46,979.08

0.00 0.00
-46,979.15

0.00 0.00

0.00 0.07

0.00 0.00

46.35 0.00

0.00 0.00

0.00 0.00
122.23

75.88 0.00

0.00 75.95
LT
City of Escondido
459200KM2

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

0.00 995,842.84

0.00 0.00

0.00 996,483.54
640.71

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
6,140.70
LT
City of Escondido
46647PDX1

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

0.00 1,043,633.20

0.00 0.00

0.00 1,040,556.87
-3,076.33

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
12,141.17
LT
City of Escondido
544647FC9

LOS ANGELES CALIF UNI SCH DIST

0.00 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 -2,255.25

0.00 0.00

0.00 0.00
LT
City of Escondido
57636QAM6

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

0.00 938,865.59

0.00 0.00

0.00 942,471.95
3,606.36

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
10,981.36
LT
City of Escondido
665859AW4

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

0.00 672,488.28

0.00 0.00

0.00 672,150.24
-338.04

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
6,361.96
GAAP GL Income Detail City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 33 Attachment "4"
56 Item5.

TARGET CORP
180,000.00
USD
CORP
LT
MN
Y
Y

0.00 179,902.90

0.00 0.00

0.00 179,918.55

15.64 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
893.14
LT
City of Escondido
87612EBM7

TARGET CORP
650,000.00
USD
CORP
LT
MN
Y
Y

0.00 650,442.03

0.00 0.00

0.00 650,367.35
-74.68

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
3,094.07
LT
City of Escondido
9128282A7

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 1,868,375.70

0.00 0.00

0.00 -1,871,802.91

0.00 0.00
3,427.20

0.00 0.00
10,707.18

0.00 0.00

0.00 -14,250.00

0.00 0.00
3,542.82

0.00 0.00
6,970.02
LT
City of Escondido
9128285M8

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

0.00 3,856,365.82

0.00 0.00

0.00 3,866,326.09
9,960.26

0.00 0.00
15,964.67

0.00 0.00

0.00 0.00
47,214.67

0.00 31,250.00

0.00 0.00
41,210.26
LT
City of Escondido
9128286B1

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

0.00 2,801,344.88

0.00 0.00

0.00 2,814,123.51
12,778.64

0.00 0.00
29,585.64

0.00 0.00

0.00 0.00
10,057.74
39,375.00
19,847.11

0.00 0.00
32,625.75
LT
City of Escondido
912828V98

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

0.00 1,147,377.15

0.00 0.00

0.00 1,149,297.62
1,920.47

0.00 0.00
9,805.52

0.00 0.00

0.00 0.00
3,333.42
13,050.00
6,577.90

0.00 0.00
8,498.37
LT
City of Escondido
912828Y95

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 1,961,772.63

0.00 0.00

0.00 -1,964,624.79

0.00 0.00
2,852.17

0.00 0.00
15,642.27

0.00 0.00

0.00 -18,750.00

0.00 0.00
3,107.73

0.00 0.00
5,959.90
LT
City of Escondido
912828Z94

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

0.00 1,784,544.79

0.00 0.00

0.00 1,795,301.61
10,756.82

0.00 0.00
11,270.72

0.00 0.00

0.00 0.00
3,831.52
15,000.00
7,560.80

0.00 0.00
18,317.63
LT
City of Escondido
912828ZV5

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

0.00 2,771,545.93

0.00 0.00

0.00 2,799,186.69
27,640.76

0.00 0.00

40.76 0.00

0.00 0.00

0.00 3,790.76

0.00 3,750.00

0.00 0.00
31,390.76
LT
City of Escondido
91282CAD3

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

0.00 1,872,906.09

0.00 0.00

0.00 1,887,778.11
14,872.02

0.00 0.00
3,128.45

0.00 0.00

0.00 0.00
1,263.59
3,750.00
1,885.13

0.00 0.00
16,757.16
LT
City of Escondido
91282CAY7

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

0.00 1,837,347.45

0.00 0.00

0.00 1,853,555.17
16,207.72

0.00 0.00
1,058.74

0.00 0.00

0.00 0.00
4,200.82

0.00 3,142.08

0.00 0.00
19,349.79
LT
City of Escondido
91282CBJ9

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

0.00 909,764.55

0.00 0.00

0.00 918,116.84
8,352.29

0.00 0.00
3,128.45

0.00 0.00

0.00 0.00
1,263.59
3,750.00
1,885.13

0.00 0.00
10,237.43
LT
City of Escondido
91282CDF5

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

0.00 2,735,339.69

0.00 0.00

0.00 2,753,913.10
18,573.41

0.00 0.00
6,949.73

0.00 0.00

0.00 0.00
17,262.23

0.00 10,312.50

0.00 0.00
28,885.91
LT
City of Escondido
91282CDG3

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

0.00 499,368.03

0.00 0.00

0.00 499,486.60
118.57

0.00 0.00
947.69

0.00 0.00

0.00 0.00
2,353.94

0.00 1,406.25

0.00 0.00
1,524.82
LT
City of Escondido
91282CDG3

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

0.00 4,995,732.51

0.00 0.00

0.00 4,996,533.31
800.80

0.00 0.00
9,476.90

0.00 0.00

0.00 0.00
23,539.40

0.00 14,062.50

0.00 0.00
14,863.30
LT
City of Escondido
91282CDG3

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

0.00 395,872.32

0.00 0.00

0.00 396,643.73
771.42

0.00 0.00
758.15

0.00 0.00

0.00 0.00
1,883.15

0.00 1,125.00

0.00 0.00
1,896.42
LT
City of Escondido
91282CDG3

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

0.00 967,514.14

0.00 0.00

0.00 973,526.64
6,012.50

0.00 0.00
1,895.38

0.00 0.00

0.00 0.00
4,707.88

0.00 2,812.50

0.00 0.00
8,825.00
LT
City of Escondido
91282CEN7

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

0.00 1,941,130.56

0.00 0.00

0.00 1,948,880.01
7,749.46

0.00 0.00
9,266.30

0.00 0.00

0.00 0.00
23,016.30

0.00 13,750.00

0.00 0.00
21,499.46
LT
City of Escondido
91282CES6

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

0.00 2,840,899.09

0.00 0.00

0.00 2,850,365.69
9,466.60

0.00 0.00
6,987.70

0.00 0.00

0.00 0.00
27,725.41

0.00 20,737.70

0.00 0.00
30,204.30
LT
City of Escondido
91282CEV9

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

0.00 1,927,448.78

0.00 0.00

0.00 1,931,659.55
4,210.76

0.00 0.00
176.63

0.00 0.00

0.00 0.00
16,426.63

0.00 16,250.00

0.00 0.00
20,460.76
LT
City of Escondido
91282CEV9

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

0.00 2,892,910.72

0.00 0.00

0.00 2,899,127.81
6,217.09

0.00 0.00
264.95

0.00 0.00

0.00 0.00
24,639.95

0.00 24,375.00

0.00 0.00
30,592.09
GAAP GL Income Detail City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 34 Attachment "4"
57 Item5.

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

0.00 2,944,841.06

0.00 0.00

0.00 2,951,530.33
6,689.27

0.00 0.00
264.95

0.00 0.00

0.00 0.00
24,639.95

0.00 24,375.00

0.00 0.00
31,064.27
LT
City of Escondido
91282CFB2

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

0.00 968,795.74

0.00 0.00

0.00 972,423.20
3,627.46

0.00 0.00
11,470.99

0.00 0.00

0.00 0.00
4,633.15
13,750.00
6,912.16

0.00 0.00
10,539.62
LT
City of Escondido
91282CFB2

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

0.00 972,913.70

0.00 0.00

0.00 976,068.21
3,154.52

0.00 0.00
11,470.99

0.00 0.00

0.00 0.00
4,633.15
13,750.00
6,912.16

0.00 0.00
10,066.67
LT
City of Escondido
91282CFH9

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

0.00 974,593.88

0.00 0.00

0.00 977,441.36
2,847.47

0.00 0.00
10,444.97

0.00 0.00

0.00 0.00
2,676.11
15,625.00
7,856.13

0.00 0.00
10,703.60
LT
City of Escondido
91282CFJ5

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

0.00 1,915,674.27

0.00 0.00

0.00 1,920,380.43
4,706.16

0.00 0.00
20,889.95

0.00 0.00

0.00 0.00
5,352.21
31,250.00
15,712.26

0.00 0.00
20,418.42
LT
City of Escondido
91282CFU0

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

0.00 1,995,792.03

0.00 0.00

0.00 1,996,223.30
431.27

0.00 0.00
13,899.46

0.00 0.00

0.00 0.00
34,524.46

0.00 20,625.00

0.00 0.00
21,056.27
LT
City of Escondido
91282CFU0

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

0.00 998,126.62

0.00 0.00

0.00 998,318.65
192.02

0.00 0.00
6,949.73

0.00 0.00

0.00 0.00
17,262.23

0.00 10,312.50

0.00 0.00
10,504.52
LT
City of Escondido
91282CGB1

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

0.00 2,937,535.70

0.00 0.00

0.00 2,940,731.39
3,195.69

0.00 0.00
315.90

0.00 0.00

0.00 0.00
29,378.40

0.00 29,062.50

0.00 0.00
32,258.19
LT
City of Escondido
91282CGC9

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

0.00 3,973,242.93

0.00 0.00

0.00 3,975,812.31
2,569.37

0.00 0.00
421.20

0.00 0.00

0.00 0.00
39,171.20

0.00 38,750.00

0.00 0.00
41,319.37
LT
City of Escondido
91282CGP0

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

0.00 988,186.41

0.00 0.00

0.00 989,240.61
1,054.20

0.00 0.00
13,369.57

0.00 0.00

0.00 0.00
3,425.41
20,000.00
10,055.85

0.00 0.00
11,110.05
LT
City of Escondido
91282CGP0

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

0.00 1,996,993.63

0.00 0.00

0.00 1,997,263.28
269.65

0.00 0.00
26,739.13

0.00 0.00

0.00 0.00
6,850.83
40,000.00
20,111.70

0.00 0.00
20,381.35
LT
City of Escondido
91282CGT2

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

0.00 4,935,023.98

0.00 0.00

0.00 4,940,615.10
5,591.12

0.00 0.00
45,560.11

0.00 0.00

0.00 0.00
497.94
90,625.00
45,562.83

0.00 0.00
51,153.96
LT
City of Escondido
91282CHA2

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

0.00 982,546.44

0.00 0.00

0.00 984,004.83
1,458.39

0.00 0.00
5,896.74

0.00 0.00

0.00 0.00
14,646.74

0.00 8,750.00

0.00 0.00
10,208.39
LT
City of Escondido
91282CHA2

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

0.00 1,956,230.99

0.00 0.00

0.00 1,959,880.04
3,649.05

0.00 0.00
11,793.48

0.00 0.00

0.00 0.00
29,293.48

0.00 17,500.00

0.00 0.00
21,149.05
LT
City of Escondido
91282CHE4

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

0.00 1,971,454.54

0.00 0.00

0.00 1,973,776.77
2,322.24

0.00 0.00
6,140.71

0.00 0.00

0.00 0.00
24,364.75

0.00 18,224.04

0.00 0.00
20,546.28
LT
City of Escondido
91282CHJ3

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

0.00 4,943,618.13

0.00 0.00

0.00 4,946,193.92
2,575.79

0.00 0.00
509.51

0.00 0.00

0.00 0.00
47,384.51

0.00 46,875.00

0.00 0.00
49,450.79
LT
City of Escondido
91282CHK0

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

0.00 1,975,278.57

0.00 0.00

0.00 1,977,228.82
1,950.26

0.00 0.00
217.39

0.00 0.00

0.00 0.00
20,217.39

0.00 20,000.00

0.00 0.00
21,950.26
LT
City of Escondido
91282CHK0

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

0.00 2,994,958.53

0.00 0.00

0.00 2,995,358.18
399.64

0.00 0.00
326.09

0.00 0.00

0.00 0.00
30,326.09

0.00 30,000.00

0.00 0.00
30,399.64
LT
City of Escondido
91282CHQ7

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

0.00 2,951,006.62

0.00 0.00

0.00 2,954,752.21
3,745.59

0.00 0.00
51,619.48

0.00 0.00

0.00 0.00
20,849.18
61,875.00
31,104.71

0.00 0.00
34,850.30
LT
City of Escondido
91282CHU8

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 2,004,540.18

0.00 0.00

0.00 -2,004,051.86

0.00 0.00
-488.32

0.00 0.00
32,872.93

0.00 0.00

0.00 -43,750.00

0.00 0.00
10,877.07

0.00 0.00
10,388.75
LT
City of Escondido
91282CJA0

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

0.00 2,997,610.40

0.00 0.00

0.00 2,997,781.95
171.55

0.00 0.00
34,877.05

0.00 0.00

0.00 0.00
381.18
69,375.00
34,879.13

0.00 0.00
35,050.68
GAAP GL Income Detail City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 35 Attachment "4"
58 Item5.

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
91282CJR3

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

0.00 2,949,808.52

0.00 0.00

0.00 2,953,172.92
3,364.39

0.00 0.00
305.71

0.00 0.00

0.00 0.00
28,430.71

0.00 28,125.00

0.00 0.00
31,489.39
LT
City of Escondido
91282CJR3

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

0.00 1,963,624.94

0.00 0.00

0.00 1,966,061.51
2,436.57

0.00 0.00
203.80

0.00 0.00

0.00 0.00
18,953.80

0.00 18,750.00

0.00 0.00
21,186.57
LT
City of Escondido
91282CKG5

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

0.00 982,963.44

0.00 0.00

0.00 984,011.37
1,047.93

0.00 0.00
10,368.85

0.00 0.00

0.00 0.00
113.32
20,625.00
10,369.47

0.00 0.00
11,417.40
LT
City of Escondido
91282CLS8

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

0.00 2,995,911.87

0.00 0.00

0.00 2,996,661.45
749.58

0.00 0.00
20,849.18

0.00 0.00

0.00 0.00
51,786.68

0.00 30,937.50

0.00 0.00
31,687.08
LT
City of Escondido
91324PDK5

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

0.00 1,977,919.11

0.00 0.00

0.00 1,979,697.91
1,778.80

0.00 0.00
3,422.22

0.00 0.00

0.00 0.00
22,672.22

0.00 19,250.00

0.00 0.00
21,028.80
LT
City of Escondido
91324PEG3

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

0.00 199,956.77

0.00 0.00

0.00 199,962.37

5.60 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
1,855.60
LT
City of Escondido
91324PEG3

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

0.00 441,400.18

0.00 0.00

0.00 441,210.99
-189.19

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
3,880.81
LT
City of Escondido
94106LBX6

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

0.00 2,334,200.66

0.00 0.00

0.00 2,334,296.67

96.00 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
28,991.63
LT
City of Escondido
---
---
129,835,000.00
USD
---
LT
---
---
Y

0.00 134,174,968.78

0.00 0.00
-68,285.61
-8,150,647.00

0.00 126,266,000.15
309,963.98

0.00 0.00
716,624.75

0.00 0.00

0.00 -97,810.44
968,250.49
657,668.90
1,007,105.08

0.00 0.00
1,317,069.07
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
02665WDZ1

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

0.00 0.00

0.00 996,906.11

0.00 0.00

0.00 997,093.38
187.27

0.00 0.00

0.00 0.00
6,500.00

0.00 0.00
794.44
6,500.00
794.44

0.00 0.00
981.72
ST
City of Escondido
037833BZ2

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

0.00 0.00

0.00 982,630.18

0.00 0.00

0.00 985,339.08
2,708.90

0.00 0.00

0.00 0.00
12,250.00

0.00 0.00
3,879.17
12,250.00
3,879.17

0.00 0.00
6,588.07
ST
City of Escondido
04636NAA1

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

0.00 700,131.83

0.00 0.00

0.00 700,091.54
-40.29

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
2,059.71
ST
City of Escondido
05602RAD3
BMWOT 2022-A A3

0.00 USD
ABS
ST
DE
Y
Y

0.00 0.00

0.00 20,631.16
-20,631.20

0.00 0.00

0.00 0.04

0.00 0.00

55.19 0.00

0.00 0.00

77.02 21.83

0.00 0.00

21.87 ST
City of Escondido
110122DN5

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

0.00 249,818.03

0.00 0.00

0.00 249,942.04
124.01

0.00 0.00
250.00

0.00 0.00

0.00 0.00
718.75

0.00 468.75

0.00 0.00
592.76
ST
City of Escondido
110122DN5

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

0.00 352,701.98

0.00 0.00

0.00 352,905.07
203.10

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
864.97
ST
City of Escondido
14913R3B1

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

0.00 499,874.42

0.00 0.00

0.00 499,935.54

61.12 0.00

0.00 11,666.67

0.00 0.00

0.00 0.00
5,666.67
12,000.00
6,000.00

0.00 0.00
6,061.12
ST
City of Escondido
20772KEW5

CONNECTICUT ST

0.00 USD
MUNI
ST
CT
N
Y

0.00 633,763.10

0.00 0.00
-630,000.00

0.00 0.00

0.00 -3,763.10

0.00 0.00
6,943.27

0.00 0.00

0.00 11,790.45
4,847.19

0.00 0.00
1,084.08
ST
City of Escondido
3134GWYS9

FEDERAL HOME LOAN MORTGAGE CORP
1,000,000.00
USD

AGCY BOND
ST
VA
Y
Y

0.00 989,620.27

0.00 0.00

0.00 998,629.09
9,008.82

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
10,508.82
GAAP GL Income Detail City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 36 Attachment "4"
59 Item5.

FEDERAL NATIONAL MORTGAGE

ASSOCIATION

0.00 USD

AGCY BOND
ST
DC
Y
Y

0.00 1,999,782.34

0.00 0.00
-2,000,000.00

0.00 0.00

0.00 217.66

0.00 0.00
2,625.00

0.00 0.00

0.00 3,750.00
1,125.00

0.00 0.00
1,342.66
ST
City of Escondido
3135G06G3

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
1,125,000.00
USD

AGCY BOND
ST
DC
Y
Y

0.00 1,124,844.04

0.00 0.00

0.00 1,124,955.27
111.23

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
1,517.48
ST
City of Escondido
3135G06G3

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
360,000.00
USD

AGCY BOND
ST
DC
Y
Y

0.00 359,908.49

0.00 0.00

0.00 359,973.75

65.26 0.00

0.00 270.00

0.00 0.00

0.00 0.00
720.00

0.00 450.00

0.00 0.00
515.26
ST
City of Escondido
3137EAEX3

FEDERAL HOME LOAN MORTGAGE CORP

0.00 USD

AGCY BOND
ST
VA
Y
Y

0.00 1,149,840.66

0.00 0.00
-1,150,000.00

0.00 0.00

0.00 159.34

0.00 0.00
1,173.96

0.00 0.00

0.00 2,156.25
982.29

0.00 0.00
1,141.64
ST
City of Escondido
341271AD6

FLORIDA ST BRD ADMIN FIN CORP REV

0.00 USD
MUNI
ST
FL
N
Y

0.00 400,000.00

0.00 0.00
-400,000.00

0.00 0.00

0.00 0.00
2,516.00

0.00 0.00

0.00 2,516.00

0.00 0.00

0.00 0.00
ST
City of Escondido
341271AD6

FLORIDA ST BRD ADMIN FIN CORP REV

0.00 USD
MUNI
ST
FL
N
Y

0.00 155,000.00

0.00 0.00
-155,000.00

0.00 0.00

0.00 0.00
974.95

0.00 0.00

0.00 974.95

0.00 0.00

0.00 0.00
ST
City of Escondido
341271AD6

FLORIDA ST BRD ADMIN FIN CORP REV

0.00 USD
MUNI
ST
FL
N
Y

0.00 150,000.00

0.00 0.00
-150,000.00

0.00 0.00

0.00 0.00
943.50

0.00 0.00

0.00 943.50

0.00 0.00

0.00 0.00
ST
City of Escondido
54438CYK2

LOS ANGELES CALIF CMNTY COLLEGE
DIST

0.00 USD
MUNI
ST
CA
N
Y

0.00 410,000.00

0.00 0.00
-410,000.00

0.00 0.00

0.00 0.00
1,320.54

0.00 0.00

0.00 1,584.65
264.11

0.00 0.00
264.11
ST
City of Escondido
544647FC9

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

0.00 0.00

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
1,127.63
2,255.25
1,127.63

0.00 0.00
1,127.63
ST
City of Escondido
60412AK85

MINNESOTA ST

0.00 USD
MUNI
ST
MN
Y
Y

0.00 275,000.00

0.00 0.00
-275,000.00

0.00 0.00

0.00 0.00
721.88

0.00 0.00

0.00 866.25
144.38

0.00 0.00
144.38
ST
City of Escondido
799408Z85

SAN RAMON VALLEY CALIF UNI SCH DIST

0.00 USD
MUNI
ST
CA
N
Y

0.00 405,000.00

0.00 0.00
-405,000.00

0.00 0.00

0.00 0.00
1,248.75

0.00 0.00

0.00 1,498.50
249.75

0.00 0.00
249.75
ST
City of Escondido
9128282A7

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

0.00 0.00

0.00 1,871,802.91

0.00 0.00

0.00 1,875,377.20
3,574.29

0.00 0.00

0.00 0.00
14,250.00

0.00 0.00
3,639.95
14,250.00
3,639.95

0.00 0.00
7,214.24
ST
City of Escondido
9128286A3

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

0.00 2,025,752.33

0.00 0.00

0.00 2,034,019.76
8,267.43

0.00 0.00
22,391.90

0.00 0.00

0.00 0.00
9,044.12
26,840.63
13,492.85

0.00 0.00
21,760.28
ST
City of Escondido
912828Y95

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

0.00 0.00

0.00 1,964,624.79

0.00 0.00

0.00 1,970,530.23
5,905.43

0.00 0.00

0.00 0.00
18,750.00

0.00 0.00
6,317.93
18,750.00
6,317.93

0.00 0.00
12,223.37
ST
City of Escondido
91282CAB7

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 2,379,139.33

0.00 0.00
-2,380,000.00

0.00 0.00

0.00 860.67

0.00 0.00
2,481.91

0.00 0.00

0.00 2,975.00
493.09

0.00 0.00
1,353.76
ST
City of Escondido
91282CAM3

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 619,419.51

0.00 0.00
-620,000.00

0.00 0.00

0.00 580.49

0.00 0.00
389.62

0.00 0.00

0.00 775.00
385.38

0.00 0.00
965.87
ST
City of Escondido
91282CBC4

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

0.00 1,199,736.96

0.00 0.00

0.00 1,199,869.20
132.24

0.00 0.00

12.23 0.00

0.00 0.00

0.00 1,137.23

0.00 1,125.00

0.00 0.00
1,257.24
ST
City of Escondido
91282CBH3

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

0.00 643,812.34

0.00 0.00

0.00 644,324.16
511.82

0.00 0.00
1,008.93

0.00 0.00

0.00 0.00
407.51
1,209.38
607.96

0.00 0.00
1,119.78
ST
City of Escondido
91282CBH3

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

0.00 1,276,821.16

0.00 0.00

0.00 1,278,190.94
1,369.78

0.00 0.00
2,002.21

0.00 0.00

0.00 0.00
808.70
2,400.00
1,206.49

0.00 0.00
2,576.26
ST
City of Escondido
91282CBH3

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

0.00 1,593,078.57

0.00 0.00

0.00 1,596,060.16
2,981.59

0.00 0.00
2,502.76

0.00 0.00

0.00 0.00
1,010.87
3,000.00
1,508.11

0.00 0.00
4,489.70
GAAP GL Income Detail City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 37 Attachment "4"
60 Item5.

Summary

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

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

0.00 998,188.65

0.00 0.00

0.00 998,969.25
780.60

0.00 0.00
1,564.23

0.00 0.00

0.00 0.00
631.79
1,875.00
942.57

0.00 0.00
1,723.17
ST
City of Escondido
91282CBH3

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

0.00 797,880.63

0.00 0.00

0.00 798,793.85
913.22

0.00 0.00
1,251.38

0.00 0.00

0.00 0.00
505.43
1,500.00
754.05

0.00 0.00
1,667.28
ST
City of Escondido
91282CBQ3

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

0.00 2,987,979.38

0.00 0.00

0.00 2,992,508.20
4,528.82

0.00 0.00
5,013.59

0.00 0.00

0.00 0.00
1,284.53
7,500.00
3,770.94

0.00 0.00
8,299.76
ST
City of Escondido
91282CBQ3

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

0.00 398,948.10

0.00 0.00

0.00 399,344.57
396.48

0.00 0.00
668.48

0.00 0.00

0.00 0.00
171.27
1,000.00
502.79

0.00 0.00
899.27
ST
City of Escondido
91282CBT7

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

0.00 1,998,625.57

0.00 0.00

0.00 1,999,085.81
460.24

0.00 0.00
3,770.49

0.00 0.00

41.21 7,500.00
3,770.72

0.00 0.00
4,230.96
ST
City of Escondido
91282CCF6

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

0.00 1,679,317.73

0.00 0.00

0.00 1,679,504.70
186.96

0.00 0.00
1,067.21

0.00 0.00

0.00 0.00
4,234.43

0.00 3,167.21

0.00 0.00
3,354.18
ST
City of Escondido
91282CCF6

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

0.00 2,373,854.71

0.00 0.00

0.00 2,380,996.73
7,142.02

0.00 0.00
1,524.59

0.00 0.00

0.00 0.00
6,049.18

0.00 4,524.59

0.00 0.00
11,666.61
ST
City of Escondido
91282CCJ8

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

0.00 353,793.02

0.00 0.00

0.00 355,338.77
1,545.75

0.00 0.00

8.56 0.00

0.00 0.00

0.00 796.06

0.00 787.50

0.00 0.00
2,333.25
ST
City of Escondido
91282CCJ8

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

0.00 2,054,278.37

0.00 0.00

0.00 2,053,207.64
-1,070.72

0.00 0.00

48.74 0.00

0.00 0.00

0.00 4,533.12

0.00 4,484.38

0.00 0.00
3,413.65
ST
City of Escondido
91282CHH7

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

0.00 994,775.27

0.00 0.00

0.00 996,131.99
1,356.72

0.00 0.00
1,803.28

0.00 0.00

0.00 0.00
12,172.13

0.00 10,368.85

0.00 0.00
11,725.57
ST
City of Escondido
91282CHU8

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

0.00 0.00

0.00 2,004,051.86

0.00 0.00

0.00 2,003,539.70
-512.16

0.00 0.00

0.00 0.00
43,750.00

0.00 0.00
11,175.27
43,750.00
11,175.27

0.00 0.00
10,663.11
ST
City of Escondido
---
---
33,958,000.00
USD
---
ST
---
---
Y

0.00 34,230,686.79

0.00 8,150,647.00
-8,595,631.20

0.00 0.00
33,834,657.63
48,955.04

0.00 0.00
81,398.03

0.00 97,810.44

0.00 0.00
85,768.92
192,487.83
99,048.29

0.00 0.00
148,003.33
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
---
---
175,902,511.66
USD
---
---
---
---
Y
-10,765,371.53
181,765,148.49
10,168,265.27
8,150,647.00
-19,572,288.34
-8,150,647.00

0.00 172,210,169.45
358,919.03

0.00 -143,000.00
798,022.78

0.00 97,810.44

0.00 -97,810.44
1,054,019.42
994,473.46
1,250,470.10

0.00 0.00
1,466,389.13
GAAP GL Income Detail City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 38 Attachment "4"
61 Item5.
* 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 02665WDZ1 AMERICAN HONDA FINANCE CORP 0.00 USD Coupon 09/09/2025 09/09/2025 09/09/2026 --- 0.00 0.00 6,500.00 City of Escondido 037833BZ2 APPLE INC 0.00 USD Coupon 08/04/2025 08/04/2025 08/04/2026 --- 0.00 0.00 12,250.00 City of Escondido 037833EH9 APPLE INC 0.00 USD Coupon 08/05/2025 08/05/2025 08/05/2028 --- 0.00 0.00 7,000.00 City of Escondido 05602RAD3 BMWOT 2022-A A3 0.00 USD Coupon 07/25/2025 07/25/2025 08/25/2026 --- 0.00 0.00 88.71 City of Escondido 05602RAD3 BMWOT 2022-A A3 -12,531.41 USD Principal Paydown 07/25/2025 07/25/2025 08/25/2026 --- -12,531.42 0.00 12,531.42 City of Escondido 05602RAD3 BMWOT 2022-A A3 0.00 USD Coupon 08/25/2025 08/25/2025 08/25/2026 --- 0.00 0.00 55.19 City of Escondido 05602RAD3 BMWOT 2022-A A3 -12,469.47 USD Principal Paydown 08/25/2025 08/25/2025 08/25/2026 --- -12,469.47 0.00 12,469.47 City of Escondido 05602RAD3 BMWOT 2022-A A3 0.00 USD Coupon 09/25/2025 09/25/2025 08/25/2026 --- 0.00 0.00 21.83 City of Escondido 05602RAD3 BMWOT 2022-A A3 -8,161.73 USD Principal Paydown 09/25/2025 09/25/2025 08/25/2026 --- -8,161.73 0.00 8,161.73 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL

SERVICES CORP

0.00 USD Coupon 07/08/2025 07/08/2025 01/08/2027 --- 0.00 0.00 6,800.00 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL

SERVICES CORP

0.00 USD Coupon 07/06/2025 07/06/2025 01/06/2026 --- 0.00 0.00 12,000.00 City of Escondido 17325FBK3 CITIBANK NA 0.00 USD Coupon 08/06/2025 08/06/2025 08/06/2029 --- 0.00 0.00 24,190.00 City of Escondido 20772KEW5 CONNECTICUT ST 0.00 USD Coupon 09/15/2025 09/15/2025 09/15/2025 --- 0.00 0.00 11,790.45 City of Escondido 20772KEW5 CONNECTICUT ST -630,000.00 USD Maturity 09/15/2025 09/15/2025 09/15/2025 100.000 -630,000.00 0.00 630,000.00 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 0.00 USD Coupon 07/11/2025 07/11/2025 01/11/2027 --- 0.00 0.00 6,800.00 City of Escondido 254687FL5 WALT DISNEY CO 0.00 USD Coupon 09/01/2025 09/01/2025 09/01/2029 --- 0.00 0.00 10,000.00 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS

FUNDING CORP

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

ASSOCIATION

0.00 USD Coupon 08/25/2025 08/25/2025 08/25/2025 --- 0.00 0.00 3,750.00 City of Escondido 3135G05X7 FEDERAL NATIONAL MORTGAGE

ASSOCIATION
-2,000,000.00 USD Maturity 08/25/2025 08/25/2025 08/25/2025 100.000 -2,000,000.00 0.00 2,000,000.00 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE

ASSOCIATION

0.00 USD Coupon 09/24/2025 09/24/2025 03/24/2028 --- 0.00 0.00 66,375.00 City of Escondido 3137EAEX3 FEDERAL HOME LOAN MORTGAGE
CORP

0.00 USD Coupon 09/23/2025 09/23/2025 09/23/2025 --- 0.00 0.00 2,156.25 City of Escondido 3137EAEX3 FEDERAL HOME LOAN MORTGAGE
CORP
-1,150,000.00 USD Maturity 09/23/2025 09/23/2025 09/23/2025 100.000 -1,150,000.00 0.00 1,150,000.00 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV
-705,000.00 USD Maturity 07/01/2025 07/01/2025 07/01/2025 100.000 -705,000.00 0.00 705,000.00 City of Escondido 341271AD6 FLORIDA ST BRD ADMIN FIN CORP REV

0.00 USD Coupon 07/01/2025 07/01/2025 07/01/2025 --- 0.00 0.00 4,434.45 City of Escondido 380146AC4 GMCAR 2022-1 A3 0.00 USD Coupon 07/16/2025 07/16/2025 11/16/2026 --- 0.00 0.00 9.21 City of Escondido 380146AC4 GMCAR 2022-1 A3 -8,775.05 USD Principal Paydown 07/16/2025 07/16/2025 11/16/2026 --- -8,775.04 0.00 8,775.04 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 0.00 USD Coupon 09/01/2025 09/01/2025 03/01/2027 --- 0.00 0.00 3,850.00 City of Escondido 448977AD0 HART 2022-A A3 0.00 USD Coupon 07/15/2025 07/15/2025 10/15/2026 --- 0.00 0.00 86.91 City of Escondido 448977AD0 HART 2022-A A3 -27,886.86 USD Principal Paydown 07/15/2025 07/15/2025 10/15/2026 --- -27,886.86 0.00 27,886.86 City of Escondido 448977AD0 HART 2022-A A3 0.00 USD Coupon 08/15/2025 08/15/2025 10/15/2026 --- 0.00 0.00 35.32 City of Escondido 448977AD0 HART 2022-A A3 -19,092.29 USD Principal Paydown 08/15/2025 08/15/2025 10/15/2026 --- -19,092.29 0.00 19,092.29 City of Escondido 459200KM2 INTERNATIONAL BUSINESS

MACHINES CORP

0.00 USD Coupon 08/09/2025 08/09/2025 02/09/2027 --- 0.00 0.00 11,000.00 City of Escondido 54438CYK2 LOS ANGELES CALIF CMNTY

COLLEGE DIST

0.00 USD Coupon 08/01/2025 08/01/2025 08/01/2025 --- 0.00 0.00 1,584.65 City of Escondido 54438CYK2 LOS ANGELES CALIF CMNTY

COLLEGE DIST
-410,000.00 USD Maturity 08/01/2025 08/01/2025 08/01/2025 100.000 -410,000.00 0.00 410,000.00 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH
DIST

0.00 USD Coupon 07/01/2025 07/01/2025 07/01/2026 --- 0.00 0.00 2,255.25 City of Escondido 60412AK85 MINNESOTA ST 0.00 USD Coupon 08/01/2025 08/01/2025 08/01/2025 --- 0.00 0.00 866.25 City of Escondido 60412AK85 MINNESOTA ST -275,000.00 USD Maturity 08/01/2025 08/01/2025 08/01/2025 100.000 -275,000.00 0.00 275,000.00 City of Escondido 799408Z85 SAN RAMON VALLEY CALIF UNI

SCH DIST

0.00 USD Coupon 08/01/2025 08/01/2025 08/01/2025 --- 0.00 0.00 1,498.50 City of Escondido 799408Z85 SAN RAMON VALLEY CALIF UNI

SCH DIST
-405,000.00 USD Maturity 08/01/2025 08/01/2025 08/01/2025 100.000 -405,000.00 0.00 405,000.00 City of Escondido 87612EBM7 TARGET CORP 0.00 USD Coupon 07/15/2025 07/15/2025 01/15/2027 --- 0.00 0.00 8,092.50 City of Escondido 9128282A7 UNITED STATES TREASURY 0.00 USD Coupon 08/15/2025 08/15/2025 08/15/2026 --- 0.00 0.00 14,250.00 GAAP Transaction Detail City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 39 Attachment "4"
62 Item5.

* 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 9128286A3 UNITED STATES TREASURY 0.00 USD Coupon 07/31/2025 07/31/2025 01/31/2026 --- 0.00 0.00 26,840.63 City of Escondido 9128286B1 UNITED STATES TREASURY 0.00 USD Coupon 08/15/2025 08/15/2025 02/15/2029 --- 0.00 0.00 39,375.00 City of Escondido 912828V98 UNITED STATES TREASURY 0.00 USD Coupon 08/15/2025 08/15/2025 02/15/2027 --- 0.00 0.00 13,050.00 City of Escondido 912828Y95 UNITED STATES TREASURY 0.00 USD Coupon 07/31/2025 07/31/2025 07/31/2026 --- 0.00 0.00 18,750.00 City of Escondido 912828Z94 UNITED STATES TREASURY 0.00 USD Coupon 08/15/2025 08/15/2025 02/15/2030 --- 0.00 0.00 15,000.00 City of Escondido 91282CAB7 UNITED STATES TREASURY 0.00 USD Coupon 07/31/2025 07/31/2025 07/31/2025 --- 0.00 0.00 2,975.00 City of Escondido 91282CAB7 UNITED STATES TREASURY -2,380,000.00 USD Maturity 07/31/2025 07/31/2025 07/31/2025 100.000 -2,380,000.00 0.00 2,380,000.00 City of Escondido 91282CAD3 UNITED STATES TREASURY 0.00 USD Coupon 07/31/2025 07/31/2025 07/31/2027 --- 0.00 0.00 3,750.00 City of Escondido 91282CAM3 UNITED STATES TREASURY 0.00 USD Coupon 09/30/2025 09/30/2025 09/30/2025 --- 0.00 0.00 775.00 City of Escondido 91282CAM3 UNITED STATES TREASURY -620,000.00 USD Maturity 09/30/2025 09/30/2025 09/30/2025 100.000 -620,000.00 0.00 620,000.00 City of Escondido 91282CBH3 UNITED STATES TREASURY 0.00 USD Coupon 07/31/2025 07/31/2025 01/31/2026 --- 0.00 0.00 9,984.38 City of Escondido 91282CBJ9 UNITED STATES TREASURY 0.00 USD Coupon 07/31/2025 07/31/2025 01/31/2028 --- 0.00 0.00 3,750.00 City of Escondido 91282CBQ3 UNITED STATES TREASURY 0.00 USD Coupon 08/31/2025 08/31/2025 02/28/2026 --- 0.00 0.00 8,500.00 City of Escondido 91282CBT7 UNITED STATES TREASURY 0.00 USD Coupon 09/30/2025 09/30/2025 03/31/2026 --- 0.00 0.00 7,500.00 City of Escondido 91282CFB2 UNITED STATES TREASURY 0.00 USD Coupon 07/31/2025 07/31/2025 07/31/2027 --- 0.00 0.00 27,500.00 City of Escondido 91282CFH9 UNITED STATES TREASURY 0.00 USD Coupon 08/31/2025 08/31/2025 08/31/2027 --- 0.00 0.00 15,625.00 City of Escondido 91282CFJ5 UNITED STATES TREASURY 0.00 USD Coupon 08/31/2025 08/31/2025 08/31/2029 --- 0.00 0.00 31,250.00 City of Escondido 91282CGP0 UNITED STATES TREASURY 0.00 USD Coupon 08/31/2025 08/31/2025 02/29/2028 --- 0.00 0.00 60,000.00 City of Escondido 91282CGT2 UNITED STATES TREASURY 0.00 USD Coupon 09/30/2025 09/30/2025 03/31/2028 --- 0.00 0.00 90,625.00 City of Escondido 91282CHQ7 UNITED STATES TREASURY 0.00 USD Coupon 07/31/2025 07/31/2025 07/31/2028 --- 0.00 0.00 61,875.00 City of Escondido 91282CHU8 UNITED STATES TREASURY 0.00 USD Coupon 08/15/2025 08/15/2025 08/15/2026 --- 0.00 0.00 43,750.00 City of Escondido 91282CJA0 UNITED STATES TREASURY 0.00 USD Coupon 09/30/2025 09/30/2025 09/30/2028 --- 0.00 0.00 69,375.00 City of Escondido 91282CKG5 UNITED STATES TREASURY 0.00 USD Coupon 09/30/2025 09/30/2025 03/31/2029 --- 0.00 0.00 20,625.00 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 0.00 USD Coupon 07/03/2025 07/03/2025 07/03/2027 --- 0.00 0.00 57,791.25 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -257,470.45 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -342,250.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -8,341.30 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -846,745.04 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -744,915.65 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -706,250.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -3,750,625.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -76,227.78 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -2,545,812.63 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -317,526.28 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -166,707.40 City of Escondido CCYUSD US DOLLAR 0.00 USD Other Expense 08/29/2025 08/29/2025 09/30/2025 --- 0.00 0.00 -143,000.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 09/02/2025 09/02/2025 09/30/2025 --- 0.00 0.00 -257,500.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 09/02/2025 09/02/2025 09/30/2025 --- 0.00 0.00 -745,000.00 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
10,168,265.27 USD Buy --- --- 09/30/2025 1.000 10,168,265.27 0.00 -10,168,265.27 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
-10,908,371.53 USD Sell --- --- 09/30/2025 1.000 -10,908,371.53 0.00 10,908,371.53 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 07/02/2025 07/02/2025 09/30/2025 --- 0.00 0.00 38,441.98 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 08/04/2025 08/04/2025 09/30/2025 --- 0.00 0.00 47,639.07 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 09/03/2025 09/03/2025 09/30/2025 --- 0.00 0.00 58,235.68 City of Escondido --- --- -9,404,023.07 USD --- --- --- 09/19/2025 --- -9,404,023.07 0.00 -509,875.00 GAAP Transaction Detail City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 40 Attachment "4"
63 Item5.

Limits.

Resolutions.

Notes.

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Audit City of Escondido (299155)
07/01/2025 - 09/30/2025 Return to Table of Contents Dated: 11/04/2025 41 Attachment "4"
64 Item5.

STAFF REPORT

November 12, 2025
File Number 0600-10; A-3572

SUBJECT

CONSTRUCTION CONTRACT AWARD FOR THE STORM DRAIN REHABILITATION PROJECT, PHASE IV

DEPARTMENT
Development Services

RECOMMENDATION
Request the City Council a dopt Resolution No. 2025-130, awarding the construction contract to Sancon Technologies, Inc., determined to be the lowest responsible and responsive bidder, and authorizing the Mayor to execute, on behalf of the City, a Public Improvement Agreement in the amount of $1,812,580 for the Storm Drain Lining and Rehabilitation Project, Phase IV (“Project”).

Staff Recommendation: Approval (Christopher McKinney, Interim Development Services Director, and Jonathan Schauble, City Engineer)
Presenter: Matthew Souttere, Principal Engineer
ESSENTIAL SERVICE – Yes, Public Works/Infrastructure
COUNCIL PRIORITY – Improve Public Safety

FISCAL ANALYSIS
There are sufficient funds included in the adopted CIP budget for the Storm Drain Pipe Lining and Rehabilitation Project to complete Phase IV of the Project.

PREVIOUS ACTION
None

BACKGROUND

This Project is the fourth storm drain rehabilitation and lining project that will rehabilitate twenty- five of the City’s most critical corrugated metal pipes ( “CMP”). The Project scope of work includes cleaning, replacing deformed or collapsed sections of pipe, and installing a new cured -in-place pipe liner. The Project scope includes the rehabilitation of 3,004 linear feet of pipeline.

On September 25, 2025, three sealed bids were received in response to the advertised request for 65 Item6.

bids for the Project. The bid results are listed below:

Sancon Technologies, Inc. $ 1,812,580.00
Burtech Pipeline, Inc. $ 2,231,833.00
Palm Engineering Construction Company, Inc. $ 3,063,275.80

Staff recommends that the bid submitted by Sancon Technologies, Inc. be considered the lowest responsive and responsible bid, and that the contract be awarded in the amount of $ 1,812,580.

Sancon Technologies, Inc. has successfully completed the first three phases of the Project and staff has evaluated their bid and determined that it does not contain any errors or omissions.

RESOLUTIONS
a) Resolution No. 2025-130
b) Resolution No. 2025-130 – Exhibit “A” – Public Improvement Agreement

66 Item6.

RESOLUTION NO. 2025-130

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, AWARDING A CONSTRUCTION
CONTRACT TO SANCON TECHNOLOGIES, INC. , AND

AUTHORIZING THE MAYOR TO EXECUTE, ON BEHALF OF

THE CITY, A PUBLIC IMPROVEMENT AGREEMENT FOR THE

STORM DRAIN LINING AND REHABILITATION PROJECT

PHASE IV

WHEREAS, the City Council has allocated funding in the adopted Capital Improvement Program Budget for the Storm Drain Pipe Lining and Rehabilitation Project Phase IV (“Project”); and WHEREAS, a notice inviting bids for said improvements was duly published; and WHEREAS, pursuant to said notice, three (3) sealed bids for the Project were opened and evaluated on September 25, 2025; and
WHEREAS, Sancon Technologies, Inc. , was determined to be the lowest responsive and responsible bidder; and
WHEREAS, the City Council desires at this time and deems it to be in the best public interest to award this contract to Sancon Technologies, Inc., in the amount of $1,812,580.

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 Mayor is authorized to ex ecute, on behalf of the City, a Public Improvement Agreement with Sancon Technologies, 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.

67 Item6.

Resolution No. 2025-130
Exhibit “A”

Page 1 of 9 ends

Public Improvement Agreement (Contractor) - 1 - CAO: 8/26/2021

CITY OF ESCONDIDO

PUBLIC IMPROVEMENT AGREEMENT
This Public Improvement Agreement (“Agreement”) is made and entered into as of the last signature date set forth below (“Effective Date”),

Between: CITY OF ESCONDIDO
a California municipal corporation
201 N. Broadway
Escondido, CA 92025
Attn: Nicholas Josten
760-839-4665
("CITY")

And: VORTEX SERVICES, LLC
a Delaware limited liability company
dba SANCON TECHNOLOGIES
5841 Engineer Drive
Huntington Beach, CA 92649
Attn: Ryan Hellmuth
714-891-2323
("CONTRACTOR").
(The CITY and CONTRACTOR each may be referred to herein as a “Party” and collectively as the “Parties.”)
WHEREAS, the Parties desire to enter into this Agreement for the performance of work relating to the Storm Drain Pipe Lining and Rehabilitation Project Phase IV (“Project”), occurring on property located within Escondido, CA and having various assessor’s parcel numbers (APN) (“Property”), as further described herein.

NOW, THEREFORE, in consideration of the mutual covenants, promises, terms, and conditions set forth herein, and the mutual benefits derived therefrom, the Parties hereby agree as follows:

1. Project Documents. The Notice Inviting Sealed Bids/Notice to Contractors, Instructions to Bidders, Bid Form, Designation of Subcontractors, Workers' Compensation Certificate, Change Orders, Shop Drawing Transmittals, Information Required of CONTRACTOR, Non -collusion Affidavit, Insurance Certificates, Guarantees, General Conditions, Supplementary General Conditions, Special Conditions, Plans, Drawings, Specifications, the Agreement , and all modifications, addenda, and amendments thereto (“Project Documents”) are incorporated herein by this reference as if fully set forth herein. The Project Documents are complementary, and what is called for by any one shall be as binding as if called for by all.
68 Item6.

Resolution No. 2025-130
Exhibit “A”

Page 2 of 9 ends

Public Improvement Agreement (Contractor) - 2 - CAO: 8/26/2021

2. Description and Performance of Work . CONTRACTOR shall furnish all work described in the Project Documents (“Work”). All Work to be performed and materials to be furnished shall be completed in a good workmanlike manner, free from defects, in strict accordance with the plans, drawings, specifications, and requirements set forth in the Project Documents and all provisions of this Agreement.

3. Compensation. In exchange for CONTRACTOR’s completion of the Work, the CITY shall pay, and CONTRACTOR shall accept in full, an amount not to exceed the sum of $1,812,580 (“Contract Price”). CONTRACTOR shall be compensated only for performance of the Work described in this Agreement. No compensation shall be provided for any other work or services without the CITY’s prior written consent.

4. Term and Time of Performance. CONTRACTOR shall commence work within one week from the CITY's notice to proceed. CONTRACTOR shall diligently perform and complete the Work with professional quality and technical accuracy within 75 working days of the City’s Notice to Proceed (“Completion Date”). Extension of terms or time of performance shall be subject to the CITY’s sole discretion.

5. Time Is of the Essence. If the Work is not completed by the Completion Date, it is understood that the CITY will suffer damage. It being impractical and infeasible to determine the amount of actual damage, in accordance with Government Code section 53069.85, the Parties agree that CONTRACTOR shall pay to the CITY as fixed and liquidated damages, and not as a penalty, the sum of $2,400 per day for each calendar day of delay until the Work is completed and accepted (“Liquidated Damages Amount”) . Th e Liquidated Damages A mount shall be deducted from any payments due to, or that become due to, CONTRACTOR. CONTRACTOR and CONTRACTOR'S surety shall be liable for the Liquidated Damages Amount.

6. Insurance Requirements.

a. CONTRACTOR shall pro cure and maintain , at its own cost, during the entire term of this Agreement, insurance against claims for injuries to persons or damages to property that may arise from or in connection with the performance of the Work, and the results of such Work, by CONTRACTOR, its agents, representatives, employees, or subcontractors. Insurance coverage shall be at least as broad as the following:

(1) Commercial General Liability . Insurance Services Office (“ISO”) Form CG 0001 11188 covering Commercial General Liability on an “occurrence” basis, including products and completed operations, property damage, bodily injury (including emotional distress), sickness, disease, or death of any person other than the CONTRACTOR's employees , and personal and advertising injury, and damages because of injury or destruction of tangible property, including loss of use resulting there from, with limits no less than $3,000,000 combined single limit coverage per occurrence for bodily injury and property damage; or, if a general aggregate limit is applicable, either: (i) the general aggregate limit shall specifically apply to the project identified in the bid specifications or to the location of such project which is the subject of these bid specifications with coverage to be no less than $3,000,000, or (ii) the general aggregate shall be at least $3,000,000 combined single limit coverage per occurrence for bodily injury and property damage.

(2) Automobile Liability. ISO Form CA 00 01 covering any auto (Code 1), or if CONTRACTOR has no owned autos, hired (Code 8) and non -owned autos (Code 9), including damages because of bodily injury, death of a person, or property damage arising out of the ownership, maintenance, or use of a motor vehicle, all mobile equipment, and vehicles 69 Item6.

Resolution No. 2025-130
Exhibit “A”

Page 3 of 9 ends

Public Improvement Agreement (Contractor) - 3 - CAO: 8/26/2021 moving under CONTRACTOR’s control and engaged in the Work, with limits no less than $3,000,000 combined single limit per accident for bodily injury and property damage.

(3) Workers’ Compensation. Workers' Compensation as required by the State of California, with Statutory Limits, and Employer’s Liability Insurance with limits of no less than $1,000,000 per accident for bodily injury or disease.

(4) Builder’s Risk/“All Risk” Insurance. The CONTRACTOR, during the progress of the Work and until final acceptance of the Work by CITY, shall maintain Builder's Risk/"All Risk," course-of-construction insurance satisfactory to CITY issued on a completed value basis of all WORK pursuant to this Agreement. Coverage is to provide extended coverage and insurance against vandalism, theft, malicious mischief, perils of fire, sprinkler leakage, civil authority, sonic boom, earthquake, collapse, flood, wind, lightning, smoke, riot, debris removal (including demolition), and reasonable compensation for the Engineer's services and expenses required as a result of such insured loss upon the Work, including completed Work and Work in progress to the full insurable value thereof. Such insurance shall include the CITY and the City Engineer as an additional named insured and any other person with an insurable interest designated.

(5) If CONTRACTOR maintains broader coverage and/or higher limits than the minimums otherwise required by this Agreement, the CITY requires and shall be entitled to the broader coverage and/or the higher limits maintained by CONTRACTOR.

b. Each insurance policy required by this Agreement must be acceptable to the City Attorney and shall meet the following requirements:

(1) Compliance with General Condition Requirements. Insurance coverage shall comply with and meet all requirements set forth in Article 5.2 of General Conditions

(2) Acceptability of Insurers. Insurance coverage must be provided by an insurer authorized to conduct business in the sta te of California with a current A.M. Best’s rating of no less than A-:VII, or as approved by the CITY.

(3) Additional Insured Status . Both the Commercial General Liability and the Automobile Liability policies must name the CITY (including its officials, officers, agents, employees, and volunteers) specifically as an additional insured under the policy on a separate endorsement page. The Commercial General Liability additional insured endorsement shall be at least as broad as ISO Form CG 20 10 11 85, or if n ot available, through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38, and CG 20 37 if a later edition is used. The Automobile Liability additional insured endorsement shall be at least as broad as ISO Form CA 20 01.

(4) Primary Coverage. CON TRACTOR’s insurance coverage shall be primary coverage at least as broad as ISO CG 20 01 04 13 with respect to the CITY, its officials, officers, agents, employees, and volunteers. Any insurance or self -insurance maintained by the CITY, its officials, off icers, agents, employees, or volunteers shall be in excess of CONTRACTOR’s insurance and shall not contribute with it.

(5) Notice of Cancellation . Each insurance policy shall provide that coverage shall not be canceled, except with prior written notice to the CITY.

(6) Subcontractors. If applicable, CONTRACTOR shall require and verify that all subcontractors maintain insurance meeting all the requirements stated within this 70 Item6.

Resolution No. 2025-130
Exhibit “A”

Page 4 of 9 ends

Public Improvement Agreement (Contractor) - 4 - CAO: 8/26/2021 Agreement, and CONTRACTOR shall ensure that the CITY (including its officials, officers, agents, employees, and volunteers) is an additional insured on any insurance required from a subcontractor.

(7) Waiver of Subrogation. CONTRACTOR hereby grants to the CITY a waiver of any right to subrogation that any insurer of CONTRACTOR may acquire against the CITY by virtue of the payment of any loss under such insurance. CONTRACTOR agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this subsection shall apply regardless of whether or not the CITY has rec eived a waiver of subrogation endorsement from the insurer. Any Workers’ Compensation policy required by this Agreement shall be endorsed with a waiver of subrogation in favor of the CITY for all work performed by the CONTRACTOR, its agents, representativ es, employees and subcontractors.

(8) Self-Insurance. CONTRACTOR may, with the CITY’s prior written consent, fulfill some or all of the insurance requirements contained in this Agreement under a plan of self - insurance. CONTRACTOR shall only be permitted to utilize such self-insurance if, in the opinion of the CITY, CONTRACTOR’s (i) net worth and (ii) reserves for payment of claims of liability against CONTRACTOR are sufficient to adequately compensate for the lack of other insurance coverage required by this Agreement. CONTRACTOR’s utilization of self- insurance shall not in any way limit the liabilities assumed by CONTRACTOR pursuant to this Agreement.

(9) Self-Insured Retentions. Self-insured retentions must be declared to and approved by the CITY.

c. Verification of Coverage. At the time CONTRACTOR executes this Agreement, CONTRACTOR shall provide the CITY with original Certificates of Insurance including all required amendatory endorsements (or copies of the applicable policy language effecting the insuran ce coverage required by this Agreement), which shall meet all requirements under this Agreement. The CITY reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by this Agreement, at any time.

d. Special Risks or Circumstances. The CITY reserves the right, at any point during the term of this Agreement, to modify the insurance requirements in this Agreement, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

e. No Limitation of Obligations. The insurance requirements within this Agreement, including the types and limits of insurance coverage CONTRACTOR must maintain, and any approval of such insurance by the CITY, are not intended to and shall not in any manner limit or qualify the liabilities and obligations otherwise assumed by CONTRACTOR pursuant to this Agreement, including but not limited to any provisions within this Agreement concerning indemnification.

f. Compliance. Failure to comply with any of the insurance requirements in this Agreement , including but not limited to a lapse in any required insurance coverage during the term of this Agreement, shall be a material breach of this Agreement. Compliance by CONTRACTOR with the requirement to carry insurance and furnish certificates, policies, Additional Insured Endorsement and Declarations Page evidencing the same shall not relieve the CONTRACTOR from liability assumed under any provision of this Agreement, including, without limitation, the obligation to defend and indemnify the CTY and the City Engineer. In the event that CONTRACTOR fails to comply with any insurance requirement set forth in this Agreement, in addition to any other remedies the CITY may have, the CITY may, at its sole option, (i) immediately terminate this Agreement; or (ii) order CONTRACTOR to stop Work under this 71 Item6.

Resolution No. 2025-130
Exhibit “A”

Page 5 of 9 ends

Public Improvement Agreement (Contractor) - 5 - CAO: 8/26/2021 Agreement and/or withhold any payment that becomes due to CONTRACTOR until CONTRACTOR demonstrates compliance with the insurance requirements in this Agreement.

7. Indemnification, Duty to Defend, and Hold Harmless.

a. CONTRACTOR (including CONTRACTOR’s agents, employees, and subcontractors, if any) shall indemnify, defend, and hold harmless the CITY, its officials, officers, agents, employees, and volunteers from and against any and all claims, demands, actions, causes of action, proceedings (including but not limited to legal and administrative proceedings of any kind), suits, fines, penalties, judgments, orders, levies, costs, expenses, liabilities, losses, damages, or injuries, in law or equity, including without limitation the payment of all consequential damages and attorney’s fees and other related li tigation costs and expenses (collectively, “Claims”), of every nature caused by, arising out of, or in connection with CONTRACTOR’s (including CONTRACTOR’s agents, employees, and subcontractors, if any) Work pursuant to this Agreement or its failure to com ply with any of its obligations contained herein, except where caused by the active negligence, sole negligence, or willful misconduct of the CITY.

b. CONTRACTOR (including CONTRACTOR’s agents, employees, and subcontractors, if any) shall indemnify, defend, and hold harmless the CITY, its officials, officers, agents, employees, and volunteers from and against any and all Claims caused by, arising under, or resulting from any violation, or claim of violation, of the San Diego Municipal Storm Water Permit (Orde r No.

R9-2013-0001, as amended) of the California Regional Water Quality Control Board, Region 9, San Diego, that the CITY might suffer, incur, or become subject to by reason of, or occurring as a result of, or allegedly caused by, any Work performed pursuant to this Agreement.

c. All terms and provisions within this Section 7 shall survive the termination of this Agreement.

8. Bonds.

a. CONTRACTOR shall furnish and deliver to the CITY, simultaneously with the execution of this Agreement, the following surety bonds:

(1) Faithful Performance Bond. CONTRACTOR shall furnish to the CITY a surety bond in an amount equal to the Contract Price as security for faithful performance of this Agreement.

(2) Labor and Materials Bond. CONTRACTOR shall furnish to the CITY a surety bond in an amount equal to the Contract Price as security for payment to persons performing labor and furnishing materials in connection with the Project.

b. All bonds furnished to the CITY pursuant to this Agreement shall be in the form set forth herein and approved by the City Attorney.

c. All bonds shall be executed by sureties that are named in the current list of "Companies Holding Certificates of Authority as Acceptable Sureties on Federal bonds and as Acceptable Reinsuring Companies" as published in Circular 570 (amended) by the Audit Staff, Bureau of Government Financial Operations, U.S. Treasury Department. All bonds signed by an agent must be accompanied by a certified copy of such agent's authority to act.

d. If the surety on any bond furnished by the CONTRACTOR is declared bankrupt or becomes insolvent or its right to do business is terminated in any state where any part of the Work is located, the CONTRACTOR shall, within seven days thereafter, substitute another bond and surety, which must be acceptable to the CITY. No portion of the Work shall be performed without bonds, in a form and issued by a surety acceptable to the City. If one or more of such bonds 72 Item6.

Resolution No. 2025-130
Exhibit “A”

Page 6 of 9 ends

Public Improvement Agreement (Contractor) - 6 - CAO: 8/26/2021 shall, at any time, not be in full force and effect, CONTRACTOR shall immediately ce ase performance of the Work until CONTRACTOR is in full compliance with the bonding requirements of this Agreement and California law. All delays and costs incurred or resulting from such occurrence shall be to the exclusive account of CONTRACTOR. Failure of the CONTRACTOR to promptly cure any failure to have the necessary bonds in full force and effect shall be grounds for immediate termination of this Agreement.

e. All bonds shall be obtained from surety companies that are duly licensed or authorized in the State of California. Such surety companies shall also meet any additional requirements and qualifications as may be provided in the Supplementary General Conditions.

9. Substitution of Securities . This Agreement is subject to California Public Contract C ode section 22300, which permits the substitution of securities for any monies withheld by the C ITY to ensure performance of this Agreement . At the request and expense of the CONTRACTOR, securities equivalent to the amount withheld shall be deposited with the CITY, or with a state - or federally- chartered bank in this state as the escrow agent, who shall then pay those moneys to CONTRACTOR. Upon satisfactory completion and acceptance of the W ork, such securities shall be returned to the CONTRACTOR.

10. Contractor Default. In the event CONTRACTOR, for a period of 10 calendar days after receipt of written demand from the CITY to do so (“Cure Period”), fails to furnish tools, equipment, or labor in the necessary quantity or quality required by this Agreement, or fails to prosecute the Work and all parts thereof in a diligent and workmanlike manner, or after commencing to do so within the Cure Period, fails to continue to do so, then the CITY in its sole discretion may exclude the CONTRACTOR from the Property, or any portion thereof, and take exclusive possession of the Property or any portion thereof, together with all material and equipment thereon, and may complete the Work or any portion of the Work, either by (i) furnishing the necessary tools, equipment, labor, or materials; or (ii) letting the unfinished portion of the work, or any portion t hereof, to another contractor; or (iii) demanding the surety hire another contractor ; or (iv) any combination of such methods. The CITY’s procuring of the completion of the Work, or the portion of the Work taken over by the CITY, shall be a charge against the CONTRACTOR and may be deducted from any money due or to become due to CONTRACTOR from the CITY, or the CONTRACTOR shall pay the CITY the amount of such charge, or the portion thereof unsatisfied. The sureties provided for under this Agreement shall become liable for payment if CONTRACTOR fails to pay in full any such cost incurred by the CITY. The permissible charges for any such procurement of the completion of the Work include actual costs and fees incurred to third party individuals and entities (including but not limited to consultants, attorneys, inspectors, and designers) and actual costs incurred by the CITY for the increased dedication of time of the CITY’s employees to the Project.

11. Other Legal Requirements Incorporated. Each and every provision of law and clause required by law to be inserted in this Agreement or its attachments shall be deemed to be inserted herein, and this Agreement shall be read and enforced as though such law or clause were included herein, and if through mistake or otherwise any such provision is not inserted, or is not currently inserted, then upon application of either Party, the Agreement shall forthwith be physically amended to make such insertion or correction, without further changes to the remainder of the Agreement.

12. Merger Clause. This Agreement, together with its attachments or other documents described or incorporated herein, if any, constitutes the entire agreement and understanding of the CITY and CONTRACTOR concerning the subject of this Agreement and supersedes and replaces all prior negotiations, understandings, or proposed agreements, written or oral, except as otherwise provided herein. In the event of any conflict between the provisions of this Agreement and any of its attachments or related documents, if any, the provisions of this Agreement shall prevail. 73 Item6.

Resolution No. 2025-130
Exhibit “A”

Page 7 of 9 ends

Public Improvement Agreement (Contractor) - 7 - CAO: 8/26/2021

13. Attorney’s Fees and Costs . In any action to enforce the terms and conditions of th is Agreement, the prevailing Party shall be entitled to reasonable attorney’s fees and costs.

14. Independent Contractor . CONTRACTOR is an independent contractor, and no agency or employment relationship is created by the execution of this Agreement.

15. Amendment. This Agreement shall not be amended except in a writing signed by the CITY and CONTRACTOR, and pursuant to action of the Escondido City Council.

16. Anti-Waiver Clause. None of the provisions of this Agreement shall be waived by the CITY because of previous failure to insist upon strict performance, nor shall any provision be waived because any other provision has been waived by the CITY, in whole or in part.

17. Severability. This Agreement shall be performed and shall be enforceable to the full extent allowed by applicable law, and the illegality, invalidity, waiver, or unenforceability of any provision of this Agreement shall not affect the legality, validity, applicability, or enforceability of the remaining provisions of this Agreement.

18. Governing Law. This Agreement and all rights and obligations arising out of it shall be construed in accordance with the laws of the State of California. Venue for any action arising from this Agreement shall be conducted only in the state or federal courts of San Diego County, California.

19. Counterparts. This Agreement may be executed on separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. Delivery of an executed signature page of this Agreement by electronic means, including an attachment to an email, shall be effective as delivery of an executed original. The Agreement on file with the City is the copy of the Agreement that shall take precedence if any differences exist between or among copies or counterparts of the Agreement.

20. Provisions Cumulative . The foregoing provisions are cumulative to, in addition to, and not in limitation of any other rights or remedies available to the CITY.

21. Business License . CONTRACTOR shall obtain a City of Escondido Business License prior to execution of this Agreement and shall maintain such Business License throughout the term of this Agreement.

22. Compliance with Laws, Permits, and Licenses . CONTRACTOR shall keep itself informed of and comply with all ap plicable federal, state, and local laws, statutes, codes, ordinances, regulations, rules, and other legal requirements in effect during the term of this Agreement. This shall include, but shall not be limited to, all California Labor Code laws regarding p ayment of prevailing wages and all OSHA regulations. CONTRACTOR shall obtain any and all permits, licenses, and other authorizations necessary to perform the work under this Agreement. Neither the CITY, nor any elected or appointed boards, officers, officials, employees, or agents of the CITY, shall be liable, at law or in equity, as a result of any failure of CONTRACTOR to comply with this section.

23. Prevailing Wages and Department of Industrial Relations Compliance. Pursuant to California Labor Code section 1770 et seq., CONTRACTOR agrees that a prevailing rate and scale of wages, in accordance with applicable laws, shall be paid in performing this Agreement. CONTRACTOR shall keep itself informed of and comply with all applicable federal, state, and local laws, statutes, codes, ordinances, regulations, rules, and other legal requirements pertaining to the payment of prevailing wages, including but not limited to the keeping of certified payroll records, overtime pay, employment of apprentices, and workers' compensation coverage, as further set forth in the General Conditions.

CONTRACTOR shall file the required workers' compensation certificate before commencing work 74 Item6.

Resolution No. 2025-130
Exhibit “A”

Page 8 of 9 ends

Public Improvement Agreement (Contractor) - 8 - CAO: 8/26/2021 under this Agreement . This project is subject to compliance monitoring and enforcement by the Department of Industrial Relations. CONTRACTOR shall post all job site notices required by regulation. CONTRACTOR, as well as any subcontractors, shall be registered pursuant to California Labor Code section 1725.5 to be qualified to bid on, be liste d in a bid proposal (subject to the requirements of Public Contract Code section 4104), or engage in the performance of any public works contract subject to the requirements of Division 2, Part 7, Chapter 1 of the California Labor Code. Neither the CITY, nor any elected or appointed boards, officers, officials, employees, or agents of the CITY, shall be liable, at law or in equity, as a result of any failure of CONTRACTOR to comply with this section.

24. Immigration Reform and Control Act of 1986. CONTRACTOR shall keep itself informed of and shall comply with the Immigration Reform and Control Act of 1986 (“IRCA”). CONTRACTOR represents and warrants that all of its employees and the employees of any subcontractor retained by CONTRACTOR who perform any portion of the Work under this Agreement are and will be authorized to perform the Work in full compliance with the IRCA. CONTRACTOR affirms that as a licensed contractor and employer in the State of California, all new employees must produce proof of eligibility to work in the United States within the first three days of employment and that only employees legally eli gible to work in the United States will perform the Work . CONTRACTOR agrees to comply with the IRCA before commencing any portion of the Work, and continuously throughout the performance of the Work and the term of this Agreement.

25. Effective Date. Unless a different date is provided in this Agreement, the effective date of this Agreement shall be the latest date of execution set forth by the names of the signatories below. (SIGNATURE PAGE FOLLOWS)
75 Item6.

Resolution No. 2025-130
Exhibit “A”

Page 9 of 9 ends

Public Improvement Agreement (Contractor) - 9 - CAO: 8/26/2021 IN WITNESS WHEREOF, this Agreement is executed by the Part ies or their duly authorized representatives as of the Effective Date:

CITY OF ESCONDIDO

Date: __________________ ___________________________________ Dane White, Mayor

Vortex Services, LLC

Date: __________________ ___________________________________ Signature

___________________________________
Name & Title (please print)

___________________________________
Contractor's License No.

___________________________________
Tax ID/Social Security No.

APPROVED AS TO FORM:

OFFICE OF THE CITY ATTORNEY
MICHAEL R. MCGUINNESS, City Attorney

BY: __________________________

THE CITY OF ESCONDIDO DOES NOT DISCRIMINATE AGAINST QUALIFIED PERSONS WITH DISABILITIES.

76 Item6.

STAFF REPORT

November 12, 2025
File Number 0680-20

SUBJECT

ALLOCATION OF LIBRARY TRUST FUNDS

DEPARTMENT
Community Services Department

RECOMMENDATION
Request the City Council adopt Resolution No. 2025 -143, approving the allocation of $60,170.25 in Library Trust Funds for use toward the unfunded items on the second floor as a part of the Library Infrastructure Project.

Staff Recommendation: Approval (Community Services: Joseph Goulart, Director of Public Works) Presenter: Robert Rhoades, Assistant Director of Community Services ESSENTIAL SERVICE – Yes, Maintenance of Parks, Facilities, Open Spaces COUNCIL PRIORITY – Increase Retention and Attraction of People and Businesses to Escondido

FISCAL ANALYSIS
There is no impact to the general fund.

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.

On October 1, 2025, the City Council approved Reso lution No. 2025 -124 authorizing the allocation of $251,274.99 in Library Trust Funds to cover costs associated with the unfunded items as a part of the Library Infrastructure Project on the first floor.
77 Item7.

On October 9, 2025, the Library Board of Trustees voted to approve $60,170.25 in Library Trust Funds for the unfunded items of furniture, fixtures, and equipment (“FF&E”) on the second-floor as a part of the Library Infrastructure Project.

BACKGROUND
The $10 million grant for the Building Forward Library Infrastructure Program has a clearly defined scope with limitation s on allowable items. In general, grant funds may only be used for items permanently affixed to the building, including fixed shelves, built in desks, and infrastructure equipment. Items such as furniture, mobile shelving, and other non -affixed equipment items are specifically excluded from the grant. Given these limitations, FF&E items require an alternative source of funding.

The Library Board of Trustees held four workshops on October 25, 2024; May 8, 2025; August 14, 2025; and September 24, 2025 to discuss various funding options with the community. The cost estimate was presented for items on the second-floor as quoted by the vendor GM . Following these workshop discussions, on October 9, 2025 the Library Board of Trustees voted unanimously in favor of using Library Trust Funds to cover the costs of the FF&E items on the second-floor in the amount of $60,170.25.

In addition to funding from the Library Trust, the City has received a commitment from a library support group that will sponsor the remaining FF&E items on the second-floor. This donation is expected to come before the City Council at a later meeting. Upon receipt of this donation , all FF&E items will be covered without any impact to the general fund.

RESOLUTIONS
a) Resolution No. 2025-143

ATTACHMENTS
a) Attachment”1”—Budget Adjustment
b) Attachment “2”—FFE Second Floor Cost Estimates
78 Item7.

RESOLUTION NO. 2025-143

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ESCONDIDO, CALIFORNIA, AUTHORIZING $60,170.25

TO BE ALLOCATED FROM THE LIBRARY TRUST FOR

COSTS ASSOCIATED WITH UNFUNDED FURNITURE,

FIXTURES, AND EQUIPMENT ITEMS FOR THE SECOND

FLOOR OF THE LIBRARY INFRASTRUCTURE 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 repla ce critical infrastructure including lighting, roofing, windows, and HVAC systems throughout the Escondido Public Library; and WHEREAS, the grant prohibits funding on furniture, fixtures, and equipment; and WHEREAS, the Library Board of Trustees voted to approve the use $ 60,170.25 of Library Trust Funds for the unfunded items of furniture, fixtures and equipment on the second-floor of the library in support of the Library Infrastructure Project.

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 authorizes the use of $60,170.25 associated with the unfunded items of furniture, fixtures, and equipment as a part of the Library Infrastructure Project on the first floor.

3. That the City Manager, or designee, to execute all necessary documents, in forms approved by the City Attorney’s Office.
79 Item7.

BUDGET ADJUSTMENT

REQUEST
Department: Library
For Finance Use Only
BA # ____________
Fiscal Year ________
Department Contact: Robert Rhoades
City Council Meeting Date:
(attach staff report) 11/12/2025

EXPLANATION OF REQUEST
The Library Board of Trustees voted to approve $60,170.25 in Library Trusts Funds for use toward the unfunded items of furniture, fixtures, and equipment on the second floor for the Library Infrastructure project.

BUDGET ADJUSTMENT INFORMATION
Project/Account Description Account Number
Amount of
Increase
Amount of
Decrease
Library Infrastructure Project FFE $60,170.25
Library Trust $60,170.25

APPROVALS

DEPARTMENT HEAD DATE FINANCE DATE
Docusign Envelope ID: 5EA2D403-E887-434F-9565-6712CF73A16D 10/28/2025
10/28/2025
Attachment "1"
80 Item7.
/1 /2 /3 /4 /3 /5 □ /7 /3 /8 □ /9 /10 /4 /7 /7
/11 /12 /14/15 /14 /16 /17 □ /19 /20 □ /21 /22 /15 /19 /23 /24 /14 /24 /19 /25 /15 /26 /27 /28 /26 /29 □ /30/31 /32 /33 /29 /34 /26 /34 /35 /31 /27 /29 /39 /40 /41 /42 /25 /43 /44 /43 /43 /45 /46 /47 /48 /49 /50 /51 /52 /53 /46 □ /54 /55 /56 /53 /49 /57 /58 /46 /57 /50 /59/60 /50 /51 /55 /61 □ /62/63/64 /50 /65 /63/64 /55 /49 /55/2 /52 /51 /66 /55 /46 /67 /21 /37 /12 /38 /23 □ /12 /14 /36 /36 /21 /37
/1 /68 /69 /66 /55
/40 /37 /35 /31 □ /22 /34 /31 /31 /70 /36 /14 /16 /21 /37 /38 /15 /17 □ /22 /16 /38 /20 /20 /19 /20 /20 /14 /15 /21/39 /71 /25 /43 /44 /43 /43
/45 /46 /47 /48 /49 /50 /51 /52 /53 /46 □ /54 /55 /56 /53 /49 /57 /58 /46 /57 /50 /59/60 /50 /51 /55 /61 □ /62/63/64 /50 /65 /63/64 /55 /49 /55/2 /52 /51 /66 /55 /46 /22 /14 /16 □ /19 /23 □ /14 /16
/1 /68 /69 /66 /55
/72 /19 /21 /72 /67 /73 /40 /25 /43 /22 /44 /40 /71 /40 /71 /74 /71 /36
/36 /14 /16 /21 /37 /38 /15 /17 □ /22 /16 /38 /20 /20
/19 /20 /20 /14 /15 /21/39 /71 /41 /25 /25 /43 /44 /43 /43 /45 /46 /47 /48 /49 /50 /51 /52 /53 /46 □ /54 /55 /56 /53 /49 /57 /58 /46 /57 /50 /59/60 /50 /51 /55 /61 □ /62/63/64 /50 /65 /63/64 /55 /49 /55/2 /52 /51 /66 /55 /46 /67 /21 /37 /12 /38 /23 □ /12 /14 /36 /36 /21 /37
/1 /68 /69 /66 /55
/75 /21 /28 /76 /32 /77 /78 /79 /76 /32 /76/24 /16 /25 /38 /22 /44 /71 /40 /80 /43 /12 /16
/36 /14 /16 /21 /37 /38 /15 /17
/22 /67 /38 /37 /21 /24
/15 /36 /38 /22 /22 /37 /19 /19 /12
/39 /81 /74 /25 /44 /43 /43
/45 /46 /47 /48 /49 /50 /51 /52 /53 /46 □ /54 /55 /56 /53 /49 /57 /58 /46 /57 /50 /59/60 /50 /51 /55 /61 □ /62/63/64 /50 /65 /63/64 /55 /49 /55/2 /52 /51 /66 /55 /46 /67 /21 /37 /12 /38 /23 □ /12 /14 /36 /36 /21 /37
/1 /68 /69 /66 /55
/72 /80 /37 /35 /31 /36 /14 /16 /21 /37 /38 /15 /17
/22 /67 /38 /37 /21 /24
/15 /36 /38 /22 /22 /37 /19 /19 /12
/39 /72 /25 /43 /44 /43 /43
/45 /46 /47 /48 /49 /50 /51 /52 /53 /46 □ /54 /55 /56 /53 /49 /57 /58 /46 /57 /50 /59/60 /50 /51 /55 /61 □ /62/63/64 /50 /65 /63/64 /55 /49 /55/2 /52 /51 /66 /55 /46 /22 /14 /16 □ /19 /23 □ /14 /16
/1 /68 /69 /66 /55
/19 /82 /34 /31 /83 /76 /32 □ /43 /71 /41 □ /71 /43 /71 /25/11 /76 /27 /76 /32 /26 /34 /76 /84 □ /13 /77 /85 /86 /77 /32 /26 □ /87 /32 /26 /83 /76 /70 /88 □ /72 /81 /75 /81 □ /89 □ /71 /43 /71 /25 □ /11 /90 /12 □ /13 /91 /29 /35 /27 /76 /29 /29 □ /14 /27 /34 /76 /32 /35 /31 /32 /29 □ /38 /70 /70 □ /37 /35 /92 /79 /34 /29 □ /37 /76 /29 /76 /32 /28 /76 /84 $21,750.00
EXTENDED:
/36 /14 /16 /21 /37 /38 /15 /17 □ /22 /16 /38 /20 /20
/19 /20 /20 /14 /15 /21
/63/64 /50 /65 /63/64 /55 /49 /55
$2,550.00
EXTENDED:
$1,000.00
EXTENDED:
$7,800.00
EXTENDED:
$2,400.00
EXTENDED:

Attachment "2"
81 Item7.
/0 /1 /2 /3 /4 /3 /5 □ /7 /0 /3 /8 □ /9 /10 /4 /7 /7
/11 /12 /13 /14/15 /14 /16 /17 □ /19 /20 □ /21 /22 /15 /19 /23 /24 /14 /24 /19 /25 /26 /27 /28 □ /29 /30 /31 /28 /32 /30 /33 /34 □ /12 /27 /35 /36 /37 /30 /38 □ /24 /34 /39 /40 /41 /29 /22 /29 /42 /43 /44 /25 /24 /29/29 /14 /16 /21 /45 /46 /15 /17 /22 /47 /48 /21 /45 /26 /14 /22 /19 /45 □ /49
/12 /46 /45 /50 /21 /16 /14 /23 /11
/22 /16 /46 /20 /20
/51 /52 /53 /54 /55 /55 /56 /55 /55
/57 /58 /59 /60 /61 /62 /63 /64 /65 /58 □ /66 /67 /68 /65 /61 /69 /70 /58 /69 /62 /71/72 /62 /63 /67 /73 □ /74/75/76 /62 /77 /75/76 /67 /61 /67/2 /64 /63 /78 /67 /58 /41 /19 /23 □ /15 /19 /12 /48 /46 /23 /17
/1 /79 /80 /78 /67
/81 /82 /83 /84 /85 /86 /86 /87 /86 /86□ /66 /67 /70 /80 /61 /58 /79 /67 /71 /58 □ /9 /64 /88 /89 /10 /62 /58 /80 /73 /51 /90 /55 /53 /42 /44 /55 /56 /25 /52/2 /64 /63 /78 /67 /58 □ /10 /62 /58 /80 /73 /91 /10 /4 /92
/1 /93 /9 /10 /4 /0 /0
/51 /43 /53 /42 /25 /42 /56 /25 /52
/51
/54 /53 /94 /43 /94 /56 /55 /55
/19 /95 /33 /27 /96 /34 /38 □ /55 /25 /53 □ /25 /55 /25 /52/11 /34 /32 /34 /38 /30 /33 /34 /35 □ /13 /97 /98 /50 /97 /38 /30 □ /26 /38 /30 /96 /34 /37 /99 □ /42 /94 /54 /94 □ /100 □ /25 /55 /25 /52 □ /11 /101 /12 □ /13 /36 /39 /28 /32 /34 /39 /39 □ /14 /32 /33 /34 /38 /28 /27 /38 /39 □ /46 /37 /37 □ /45 /28 /102 /103 /33 /39 □ /45 /34 /39 /34 /38 /104 /34 /35 $11,600.00
EXTENDED:

Attachment "2"
82 Item7.

STAFF REPORT

November 12, 2025
File Number 1115-20

SUBJECT

ACCEPTANCE OF LIBRARY FOUNDATION DONATION

DEPARTMENT
Community Services Department

RECOMMENDATION
Request the City Council adopt Resolution No. 2025 -153, accepting $105,000 donation from the Escondido Library Foundation restricted to unfunded items of furniture, fixtures, and equipment in the children’s library as a part of the Library Infrastructure Project.

FISCAL ANALYSIS
There is no impact to the general fund.

On October 1, 2025, the City Council approved Resolution No. 2025 -124 authorizing the allocation of $251,274.99 in Library Trust Funds to cover costs associated with the unfunded items as a part of the Library Infrastructure Project on the first floor.
83 Item8.

On November 12, 2025, the City Council is also asked to approve Resolution No. 2025 -143 authorizing $60,170.25 in Library Trust Funds for the unfunded items on the second -floor as a part of the Library Infrastructure Project.

BACKGROUND
The $10 million grant for the Building Forward Library Infrastructure Program has a clearly defined scope with limitation s on allowable items. In general, grant funds may only be used for items permanently affixed to the building, including fixed shelves, built in desks, and infrastructure equipment. Items such as furniture, mobile shelving, and other non -affixed equipment items are specifically excluded from the grant. Given these limitations, furniture, fixtures, and equipment (“ FF&E”) items require an alternative source of funding.

The Library Board of Trustees held four workshops on October 25, 2024; May 8, 2025; August 14, 2025; and September 24, 2025 to discuss various funding options with the community. Cost estimates, as provided by the vendor GM, for the associated FF&E items were presented. The Escondido Library Foundation expressed an interest in supporting the Library Infrastructure Project by funding public and staff area FF&E items in the Children’s Library. Thus, staff compiled quotes specifically for those spaces which outlined the costs as it directly relates to the donation.

The Escondido Library Foundation shall contribute up to $105,000 in funding restricted to the items outlined in the quote. Should the actual costs be less than the anticipated donation, the Foundation shall only cover those direct costs; however, if costs exceed the predetermined amount, the Foundation would consider an additional donation to cover the remaining expenses.

Upon receipt of this donation and the Library Trust Fund s, all FF&E ite ms will be covered without any impact to the general fund.

RESOLUTIONS
a) Resolution No. 2025-153

ATTACHMENTS
a) Attachment “1”—Budget Adjustment
b) Attachment “2”—Donation Acceptance Form
c) Attachment “3”—FFE Children’s Library Cost Estimates 84 Item8.

RESOLUTION NO. 2025-153

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ESCONDIDO, CALIFORNIA, TO ACCEPT UP TO $105,000

DONATION FROM THE ESCONDIDO LIBRARY

FOUNDATION TO BE USED FOR FURNITURE IN THE
CHILDREN’S LIBRARY AS A PART THE LIBRARY

INFRASTRUCTURE 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, the grant prohibits funding on furniture, fixtures, and equipment; and WHEREAS, the Escondido Library Foundation wants to support this project through a monetary gift of up to $105,000; and
WHEREAS, the Escondido Library Foundation donation be restricted to covering the direct costs associated with only furnishing the public and staff areas of the Children’s Library.

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 accepts the donation of up to $105,000 associated with the unfunded items of furniture in the Children’s Library as a part of the Library Infrastructure Project. 85 Item8.

3. That the City Manager, or designee, to execute all necessary documents, in forms approved by the City Attorney’s Office.
86 Item8.

BUDGET ADJUSTMENT

REQUEST
Department: Library
For Finance Use Only
BA # ____________
Fiscal Year ________
Department Contact: Robert Rhoades
City Council Meeting Date:
(attach staff report) 11/12/2025

EXPLANATION OF REQUEST
The Library Foundation has donated $105,000 to the City of Escondido for the Library Infrastructure Project to be used toward the unfunded items of furniture, fixtures, and equipment in the Children’s Library public & staff spaces.

BUDGET ADJUSTMENT INFORMATION
Project/Account Description Account Number
Amount of
Increase
Amount of
Decrease
Miscellaneous Agencies 401-4121 $105,000
Library Infrastructure Project $105,000

APPROVALS

DEPARTMENT HEAD DATE FINANCE DATE
Docusign Envelope ID: C11DECDC-89FB-45A1-9785-1956A994899B 10/30/2025
10/30/2025
Attachment "1"
87 Item8.

CITY OF ESCONDIDO

DONATION ACCEPTANCE FORM
$105,000.00 (nor 1 exc?) Date: October 30, 2025 Value of Donation:

Department Contact: Robert Rhoades Name of Donor: Escondido Library Foundation Department Receiving Escondido Public Library Address: 239 S. Kalmia St.

Donation: Escondido, CA 92025
Description of Donation:

Cash/check donation
Tables, chairs, loungers, stools, bench seating, desks, and storage Potential immediate or initial acquisition or installation cost, any on-going maintenance or replacement cost:

Intended Use:

Purchase of furniture for the public and staff areas of the children’s library as a part of the Library Infrastructure Project
Additional Comments:

Escondido Library Foundation Tax ID# 33-0537757
1 am donating the cash, real or personal property described above to the City of Escondido with the understanding that the donated asset will become the unconditional property of the City and that the City will determine its use. In the case of real or personal property, the City reserves the right to determine the retention, location, and other considerations relating to the donated asset’s use or disposition. Determination of value, for tax purposes, is solely the responsibility of th
Date \ Donor’ Signature
es de"
Date Department Head Signature (less than or equal to $5,000) Date City Manager Signature (between $5,000 or equal to $10,000) Date Approved by Council - Attach Staff Report and Resolution (greater than $10,000) Finance Department
Date Recorded: Account Number:
¥
Attachment "2"
88 Item8.

Product Image Manufacturer & Series Unit Cost Extended Cost 8 Sit On It
R
io Chair
Plastic Seat & Back, Sled Base, Armless
Chocolate , Chrome Base
146.64$ $ 1,173.12
1 SitOnIt
P
rise Benching Stations
6 Seater, 30"D x 48"W Desks w/ Dividing
Screen
Folkstone Grey Table Top
White Base
Link, Ocean Fabric Gr 2
6,491.76$ $ 6,491.76
2 Arcadia
T
ooTheLounge w/ Table
Plinth Base, with Power, Grade 1 Fabric
**Pricing TBD Depending on Specials**
**L Brackets May be Visible**
Seat + Back Fabric: Momentum, Dexter,
Baltic
Vertical Panel: Designtex Tour, Cabin
Plinth: Need Samples of Cocoa Maple and
Witchcraft
8,858.94$ $ 17,717.88
2 Arcadia
S
cenery Modular
Grade 3 Fabric
Momentum, Dexter, Baltic
2,048.20$ $ 4,096.40
1 Herman Miller
O
E1 Communal Tables
(2) Seated Tables with Divider Metal Screens
and Metal Boundary Screen
Tabletop: Sandstone
Metal Screen: Nightfall
1,741.82$ $ 1,741.82
4 Sit On It
R
io Chair
Plastic Seat & Back, Sled Base, Armless
Chocolate , Chrome Base
146.64$ $ 586.56
Area
City of Escondido
Children's Area Flr2 | Escondido, CA
Qty
Children's Area Flr2
Product Details P ricing
Café Subtotal: 24,142.66$
Kids Computer Area
Open Area Subtotal: 7,664.88$
Tween Area
Attachment "3"
89 Item8.

Product Image Manufacturer & Series Unit Cost Extended Cost Area
City of Escondido
Children's Area Flr2 | Escondido, CA
Qty
Children's Area Flr2
Product Details Pricing
4 Arcadia
TooTheLounge w/ Table
Plinth Base, Grade 1 Fabric
**Pricing TBD Depending on Specials**
**L Brackets May be Visible**
Seat + Back Fabric: Momentum, Dexter,
Baltic
Vertical Panel: Designtex Tour, Cabin
Plinth: Need Samples of Cocoa Maple and
Witchcraft
8,858.94$ $ 35,435.76
2 Arcadia
Scenery Modular
Grade 3 Fabric
Momentum, Dexter, Baltic
2,048.20$ $ 4,096.40
6 Arcadia
Leaf Lounge Chair
Rotating Tablet, Metal Legs, Grade 3 Fabric
Chrome Base + White Tablet Arm
Seat: Designtex -Tour, Cabin
Back: Maharam - Lariat, Stella
1,694.20$ $ 10,165.20
Grand Total 88,636.58$
Sales Tax (8.75%) 7,131.68$
Budget Product Subtotal: 81,504.90$
Teen Space Subtotal: 49,697.36$
Open Area
Attachment "3"
90 Item8.
/0 /1 /2 /3 /4 /3 /5 □ /7 /8 /1 /0 /9 /3 /10 /11 /12 /13 □ /13 /14 /4 /15 /15 /16 /17 /18 /19/20 /19 /21 /22 □ /24 /25 □ /26 /27 /20 /24 /28 /29 /19 /29 /24 /30 /31 /32 /33 □ /27 /34 /33 /33 /35 /20 /36 /19 /37 /29 /31 /26 /28 /38 /27 /27 /21 /39 /25 /25
/26 /17 /40 /37 /24 /22 /26 /26 /27
/41 /42 /43 /44 /45 /44 /44
/46 /47 /48 /49 /50 /51 /52 /53 /54 /47 □ /9 /55 /56 /54 /50 /57 /58 /47 /57 /51 /59/60 /51 /52 /55 /61 □ /62/63/64 /51 /65 /63/64 /55 /50 /55/2 /53 /52 /66 /55 /47 /27 /19 /21 □ /24 /28 □ /19 /21
/1 /67 /68 /66 /55
/69 /21 /70 □ /27 /34 /33 /71 /72 /73 /74 /20 /36 /19 /37 /29 /31 /26 /28 /38 /27 /27 /21 /39 /25 /25
/26 /17 /40 /37 /24 /22 /26 /26 /27
/41 /43 /75 /69 /44 /44 /45 /44 /44
/46 /47 /48 /49 /50 /51 /52 /53 /54 /47 □ /9 /55 /56 /54 /50 /57 /58 /47 /57 /51 /59/60 /51 /52 /55 /61 □ /62/63/64 /51 /65 /63/64 /55 /50 /55/2 /53 /52 /66 /55 /47 /36 /26 /31 /17 /39 /28 □ /17 /19 /37 /37 /26 /31
/1 /67 /68 /66 /55
/43 /17 /33 /76 □ /29 /74 /77 /78 /20 /36 /19 /37 /29 /31 /26 /28 /38 /27 /27 /21 /39 /25 /25
/26 /17 /40 /37 /24 /22 /26 /26 /27
/41 /79 /43 /44 /45 /44 /44
/46 /47 /48 /49 /50 /51 /52 /53 /54 /47 □ /9 /55 /56 /54 /50 /57 /58 /47 /57 /51 /59/60 /51 /52 /55 /61 □ /62/63/64 /51 /65 /63/64 /55 /50 /55/2 /53 /52 /66 /55 /47 /36 /24 /28 □ /20 /24 /17 /40 /39 /28 /22
/1 /67 /68 /66 /55
/80 /81 /82 /83 /84 /82 /82 /85 /82 /82□ /9 /55 /58 /68 /50 /47 /67 /55 /59 /47 □ /13 /53 /86 /87 /14 /51 /47 /68 /61 /41 /69 /30 /75 /43 /88 /69 /45 /43 /44/2 /53 /52 /66 /55 /47 □ /14 /51 /47 /68 /61 /89 /14 /4 /90
/1 /11 /13 /14 /4 /0 /0
/41 /79 /42 /91 /45 /43 /44
/41
/42 /75 /44 /69 /88 /45 /44 /44
/24 /92 /34 /33 /93 /74 /71 □ /44 /42 /75 □ /42 /44 /42 /43/16 /74 /94 /74 /71 /72 /34 /74 /76 □ /18 /95 /96 /97 /95 /71 /72 □ /98 /71 /72 /93 /74 /35 /99 □ /69 /79 /100 /79 □ /101 □ /42 /44 /42 /43 □ /16 /102 /17 □ /18 /70 /77 /32 /94 /74 /77 /77 □ /19 /94 /34 /74 /71 /32 /33 /71 /77 □ /39 /35 /35 □ /31 /32 /73 /103 /34 /77 □ /31 /74 /77 /74 /71 /104 /74 /76 $750.00
EXTENDED:
$5,100.00
EXTENDED:
$4,750.00
EXTENDED:

Attachment "3"
91 Item8.

STAFF REPORT

November 12, 2025
File Number: 0697-20

SUBJECT
SHORT-FORM RENT INCREASE APPLICATION FOR CAREFREE RANCH MOBILE HOMEPARK (FILE NO. 0697-20-10354)

DEPARTMENT
Development Services; Housing and Neighborhood Services Division

RECOMMENDATION
Request the City Council sitting as the Escondido Rent Review Board hold a public hearing to review and consider Carefree Ranch Mobilehome Park Short-Form Application and adopt Resolution No. RRB 2025- 131.

Staff Recommendation: Approval (Development Services: Christopher McKinny, Deputy City Manager / Interim Development Services Director)
Presenter: Carlos Cervantes, Management Analyst and Stephen Jacobson, Code Compliance Officer II ESSENTIAL SERVICE – NO
COUNCIL PRIORITY –

FISCAL ANALYSIS
Staff time and resources were expended to process the short -form application. Staff reviewed the application, evaluated the mobilehome park for code enforcement violations and conducted public outreach with the affected park residents, park manager and owners. No additional fiscal impact was incurred by the City.

PREVIOUS ACTION
On October 23, 2024, a short-form application was considered and approved. An increase of 4.275 percent was approved, resulting in an average space increase of $26.74 per space, per month.

BACKGROUND
On June 8, 1988, the Escondido residents voted to approve Proposition K to enact Mobilehome Rent Control in the City of Escondido (“City”). Under Proposition K, if a park owner wants to increase the rent on a mobilehome rent control space, they must file an application with the City and obtain approval 92 Item9.

from the Mobilehome Park Rent Review Board (“Board”). This Board is an independent body comprised of the City of Escondido Councilmembers.

In 1997, the Board adopted changes to the Mobilehome Rent Review Board Guidelines (“Guidelines”) to allow for the acceptance of a “ short-form” application . The short -form is an abbreviated and less administrative burdensome application process for park owners and City staff. A park owner can request a rent increase based solely on the change in the San Diego Metropolitan Area ’s Consumer Price Index (“CPI”), All Items/All Urban Consumers component since the last increase was granted by the Board. The requested increase may not exceed ninety percent (90%) of the increase in CPI since the last application was granted by the Board, or eight percent (8%) of the current rent, whichever is less, subject to a two- year limit. Park owners are allowed to apply one -year from the date the last application was deemed complete.

Carefree Ranch Mobilehome Park (“Park”) is a 55+ age park, located at 211 N. Citrus Ave, Escondido, CA 92027. The Park has a total of 184 spaces, of which 151 spaces are subject to rent control. The Park is requesting an increase for the 151 rent-controlled spaces. The amenities available for the residents include a clubhouse, laundry room and, pool and jacuzzi area.

Carefree Ranch submitted a short-form application on September 15, 2025. (Attachment “1”). City staff reviewed the final application and deemed it to be complete on September 22, 2025. City staff mailed a letter, written in both English and Spanish, on September 22, 2025, notifying the affected park residents of the application and proposed rent increase, upcoming residential meeting, and public hearing date (Attachment “2”).

Carefree Ranch Mobilehome Park short-form application was available for review at the Park office, and the Housing & Neighborhood Services Division counter at City Hall.

Housing & Neighborhood Services and Code Compliance staff facilitated an in -person meeting for the affected residents on October 6, 2025, at 6:00 p.m. Code Compliance conducted a lighting inspection on October 6, 2025 and completed an inspection of the common areas on October 8, 2025.

City staff mailed a 10 -day notice written in both English and Spanish to residents on October 23, 2025 reminding them of the November 5, 2025, City Council Meeting (Attachment “4”).

THE RENT INCREASE APPLICATION:

The application meets all the eligibility criteria for submittal of a short-form rent increase.

PARK OWNER’S REQUEST:

The Park is requesting an increase of 90 percent (90%) of the total Annual change in CPI for 2024, to July 2025. A park is allowed to request up to 90 percent of the change in CPI. Under Section 11(D) of the 93 Item9.

Guidelines, it states, “In determining whether the amount of the park owner’s requested increase is appropriate, the Board must presume that up to ninety percent (90%) of the CPI is a fair, just, and reasonable rent increase. However, the Board may consider any of the other Rent Control Ordinance factors in Section 29 -104(g) at the request of either the park owner or the affected residents in determining that a lesser increase is fair, just, and reasonable.” These factors are referenced in Chapter 29, Article 5, Section 29-104(g) of the Escondido Municipal Code. Ninety percent of the change in the CPI is 4.064 percent for the period of consideration. Currently, the average monthly rent for the residents that are affected by this application is $769.51. The average monthly increase requested for the one hundred fifty-one spaces is $30.05 per space, per month. This increase ranges from to $ 19.75-$41.09 per space, per month.

RESIDENT MEETING AND COMMENTS:

All residents affected by this request were invited to attend a meeting in their clubhouse October 6, 2025, at 6: 00 p.m. The meeting was attended by ten (10) residents , the Park manager, and City staff. The application and the short -form hearing procedures were reviewed with the residents. Residents stated that they a ppreciated park managers being easily accessible. Residents mentioned their concern for speeding cars on Citrus Ave and that there was only one entry and exit located at the park. Residents also mentioned park safety such as disturbances throughout the night, to which park and City staff recommended calling law enforcement if this is a persistent issue. Residents also had questions regarding what code enforcement was inspecting, and code officers were able to clarify.

CODE COMPLIANCE INSPECTION:

On October 6, 2025, a lighting inspection was performed by the Code Compliance Division; no lighting violations were identified. On October 8, 2025, an inspection of the common areas was conducted by the Code Compliance Division , Neighborhood Service Staff and Park Management. One (1) violation was identified. The violation was for overgrown tree branches and vegetation encroaching into road way by spaces 15, 23, and the guest house.

A notice was mailed to the Park manager and owner informing them of the violations. (Attachment “3”).

A reinspection was conducted and as of October 23, 2025, all violations were corrected (Attachment “5”).

According to the Guidelines, no increase granted for any park shall go into effect until any existing code violations are corrected.

ADDITIONAL FACTORS AFFECTING THE APPLICATION:

In conformance with the Guidelines, the decision of the Board will be fin alized by adoption of the Resolution confirming the findings of the Public Hearing. The Notice of Determination will be mailed to the applicant and residents immediately upon adoption of the Resolution. Park owners and management must give a 90-day notice of any rent increase to affected residents upon the adoption of the Resolution. 94 Item9.

RESOLUTIONS
a) Resolution RRB No. 2025-131

ATTACHMENTS
a) Attachment “1” - Carefree Ranch Mobilehome Park Application b) Attachment “2” - Resident Short-Form Letter Notification c) Attachment “3” - Code Inspection
d) Attachment “4” - 10-Day Public Hearing Notice
e) Attachment “5” - Code Letter Clearing Violations

95 Item9.

RESOLUTION NO. RRB 2025-131

A RESOLUTION OF THE CITY COUNCIL/ MOBILEHOME

RENT REVIEW BOARD OF THE CTIY OF ESCONDIDO,

CALIFORNIA AUTHORIZING A RENT INCREASE FOR

CAREFREE RANCH MOBILEHOME PARK
(File Number: 0697-20-10354)

WHEREAS, Article V of Chapter 29 of the Escondido Municipal Code is a codification of the Escondido Mobilehome Rent Protection Ordinance ("Ordinance") and provides for mobilehome space rent regulation; and
WHEREAS, the City of Escondido Mobilehome Park Rental Review Board ("Board") is charged with the responsibility of considering applications for rent increases; and WHEREAS, a short-form rent increase application pursuant to Section 11 of the Rent Review Board Guidelines was filed on September 15, 2025 (“Application”) by Carefree Ranch Mobilehome Park, LLC, the owner of the rental spaces in Carefree Ranch Mobilehome Park (“Park”), 55+ age park located at 211 N.

Citrus Ave, Escondido; and
WHEREAS, the Application was deemed complete by City staff on September 22, 2025; and WHEREAS, the last rent increase was granted by the Board on October 23, 2024, for an increase of 4.275 percent which amounted to an average increase of $26.74 per space, per month; and WHEREAS, the average monthly rent per affect ed space was $76 9.51 for the one hundred fifty- one spaces requested for a rent increase. The Park requested an increase of 4.064%, resulting in an average increase of $30.05 per space, per month; and
96 Item9.

WHEREAS, a notice of the Park's application was mailed to all affected homeowners on September 22, 2025, and a 10-day notice of the time, date, and place of the rent hearing before the Board was mailed to the Park and to all affected tenants on October 23, 2025; and WHEREAS, on October 6, and October 8, a Mobilehome Park Rent Review Code Compliance Inspection was completed. There were no lighting violations and one general park violation for overgrown tree branches encroaching into the roadway by spaces 15, 23, and the guest house; and WHEREAS, on October 23, 2025, Code Compliance completed a reinspection and all violations were
cleared; and
WHEREAS, on November 5, 2025, the Board held its public hearing. After an initial staff presentation, the Board invited testimony from Park ownership and other residents of the community at large; and
WHEREAS, after all present had been given an opportunity to speak, the hearing was closed.

Following an opportunity for discussion among the Board members, and clarifying questions to the parties and staff, the Board voted to grant a 4.064 percent increase, resulting in an average rent increase of $30.05 per space, per month, for the one hundred fifty-one spaces.

NOW, THEREFORE, BE IT RESOLVED by the Escondido Rent Review Board, as follows:

1. That the above recitations are true.

2. That the Board finds that the Carefree Ranch Mobilehome Park short-form application 97 Item9.

increase is consistent with the Guidelines, and approves the rent increase Application subm itted by Carefree Ranch Mobilehome Park, LLC.

98 Item9.

Attachment "1"
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Attachment "1"
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Attachment "1"
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Ho
using & Neighborhood Services Division
201 North Broadway, Escondido, CA 92025
Phone: 760-839-4841
www.escondido.org/housing-and-neighborhood-
services
September 22, 2025
Re: Short-form Rent Increase Application Submitted by Carefree Ranch Mobilehome Park Dear Resident:

A short-form application for a rent increase for your Park has been received and determined to be complete.

This letter is to inform you about:
1) RESIDENT MEETING
 Date: Monday October 6, at 6:00 p.m.
 Location: Park Clubhouse
 Purpose: To discuss the short-form hearing process, answer any questions, and select a resident representative.
 Spanish translation will be provided
2) RENT REVIEW BOARD HEARING
 Date: November 12, 2025 at 5 p.m.
 Location: City Council Chambers, 201 North Broadway, Escondido, CA 92025 3) HOW THIS MAY IMPACT YOU
 The park is requesting a 4.064% increase
 Average Increase per space per month: $30.05
 Average Rent for rent controlled spaces after the increase: $769.51 4) WHERE TO RECEIVE MORE INFORMATION
 Attend the resident meeting on October 6, at 6:00 p.m.  The application is available on the city’s website, at your park’s office and at the Housing and Neighborhood Services Division counter at City Hall during normal business hours.

Monday – Friday 8 a.m. – 5 p.m.
 This letter serves as the residents notice allowing them 30 days to review the application and supporting documents, and submit written comments to City staff prior to the hearing, either through email or in person at 201 North Broadway, Escondido, CA 92025.  Contact Carlos Cervantes at (760) 839-6265 or [email protected] S
incerely,
Carlos Cervantes
Carlos Cervantes - Housing and Neighborhood Services Analyst Manager Attachment "2"
108
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Housing & Neighborhood Services Division
201 North Broadway, Escondido, CA 92025
Phone: 760-839-4841
www.escondido.org/housing-and-neighborhood-
services

22 de septiembre del 2025

Re: Solicitud Abreviada para un Aumento de Renta presentada por Carefree Ranch Mobilehome Park.

Estimado Residente:

Una solicitud abreviada para un aumento de rentas para su Parque ha sido revisada y determinada ser completa.

Esta carta es para infórmale de:

1) JUNTA DE RESIDENTES

 Fecha = lunes 6 de octubre a las 6:00 p.m.
 Locación = Clubhouse de su parque
 Propósito = Para discutir el proceso de la audiencia de la solicitud abreviada, contestar cualquier pregunta y seleccionar un residente representante.

2) AUDIENCIA DE COMISIÓN DE EVALUADORES DE RENTA

 Fecha = 12 de noviembre, a las 5pm
 Locación = En la Sala Consistorial del Municipio (City Council Chambers), 201 North Broadway, Escondido, CA 92025

3) COMO ESTO LE PUEDE AFECTAR A USTED

 El parque está solicitando un aumento de 4.064%
 Aumento promedio por espacio por mes = $30.05
 Renta promedia para espacios de renta controlado = $769.51

4) DONDE PUEDE RECIBIR MÁS INFORMATION

 Asistir la junta de residentes el 6 de octubre a las 6:00 p.m.  La solicitud está disponible en el sitio web de la ciudad, en la oficina de su parque y en el mostrador de la División de Vivienda y Servicios al Vecindario en el Ayuntamiento durante sus horas de oficina normal. Lunes – viernes 8am-5pm.  Esta carta sirve como notificación para los residentes, permitiéndoles 30 días para revisar la solicitud y los documentos de respaldo, y enviar comentarios por escrito al personal de la Ciudad antes de la audiencia, ya sea por correo electrónico o en persona en 201 North Broadway, Escondido, CA 92025.
 Contacte a Carlos Cervantes al (760) 839-6265 o [email protected]

Sinceramente,
Carlos Cervantes
Carlos Cervantes - Housing and Neighborhood Services Analyst Manager Attachment "2"
109
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Attachment "3"
110
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Attachment "3"
111
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Attachment "3"
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Housing & Neighborhood Services
201 North Broadway, Escondido, CA 92025
Phone: 760-839-4841
October 23, 2025
Carefree Ranch Mobilehome Park
211 N Citrus Ave
Escondido, CA 92027

RESIDENT NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council of the City of Escondido, sitting as the Mobilehome Rent Review Board, will hold a public hearing to consider the following item:

A short-form rental increase application for Carefree Ranch M.H.P.

A copy of the application is available for review at https://www.escondido.gov/240/Pending-Applications , or the Housing & Neighborhood Services Division at City Hall, 201 N. Broadway. A copy of the staff report will be available at the Housing counter five days prior to the hearing date.

The public hearing, previously scheduled for November 12, 2025, has been rescheduled. The new Rent Review Board hearing date is set for November 5, 2025 at 5 p.m. in the City Council Chambers, 201 N.

Broadway, Escondido, CA 92025 to determine whether or not a rent increase will be granted for your park.

If you are protesting the short-form application, you should register in the foyer prior to the opening of the public hearing. The purpose of the hearing is for the Rent Review Board to obtain input from the owner and tenants about why an increase should or should not be granted. If you challenge the decision of the Board 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 Rent Review Board at or prior to the public hearing.

You may also submit your feedback to Carlos Cervantes at [email protected] or call 760- 839-6265 and this information will be included in the City Council presentation.

At the hearing, the Rent Review Board may make a determination about the rent increase or they may request additional information from the owner or tenants. If additional information is requested, a new hearing will be scheduled. If an increase is granted, the owner must notify you in writing of the amount of the increase at least (90) days before the increase goes into effect.

Sincerely,
Carlos Cervantes
Carlos Cervantes
Housing & Neighborhood Services Analyst I
Attachment "4"
113
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Housing & Neighborhood Services
201 North Broadway, Escondido, CA 92025
Phone: 760-839-4841

23 de octubre del 2025

Carefree Ranch Mobilehome Park
211 N Citrus Ave
Escondido, CA 92027

AVISO PARA RESIDENTES DE AUDIENCIA PÚBLICA

POR LA PRESENTE SE NOTIFICA que el Concejo Municipal de la Ciudad de Escondido, siendo la Comisión Evaluadora que Revisan las Rentas de Casas Móviles, tendrá una audiencia pública para considerar el siguiente punto:

La aplicación de aumento de renta para Carefree Ranch M.H.P.

Una copia de la aplicación está disponible para revisión en https://www.escondido.gov/240/Pending- Applications, o División de Vivienda y Servicios al Vecindario en el Ayuntamiento, 201 N. Broadway. Una copia del reporte del personal estará disponible en el mostrador de la División de Vivienda cinco días antes de la fecha de la audiencia.

La audiencia pública, programada anteriormente para el 12 de noviembre de 2025, ha sido reprogramada. La nueva fecha de la audiencia de la Junta de Revisión de Rentas se ha establecido para el 5 de noviembre de 2025 a las 5 p.m. en la Sala del Concejo Municipal, 201 N. Broadway, Escondido, CA 92025, para determinar si se otorgará o no un aumento de renta para su parque.

Si usted está protestando esta abreviada-aplicación, debe registrarse en el vestíbulo antes de que comience la audiencia pública. El propósito de la audiencia es que la Comisión Evaluadora que Revisa las Rentas obtenga información del propietario y los inquilinos sobre por qué se debe o no se debe otorgar un aumento. Si impugna la decisión de la Comisión Evaluadora ante la corte, puede quedar limitado a proponer solo aquellos asuntos que usted u otra persona haya propuesto en la audiencia pública descrita en este aviso, o en la correspondencia escrita entregada a la Comisión Evaluadora que Revisa las Rentas durante o antes de la audiencia pública.

También puede enviar sus comentarios a Carlos Cervantes a [email protected] o llamar al 760-839-6265 y está información se incluirá en la presentación al Concejo Municipal.

En la audiencia, la Comisión Evaluadora de Revisión de Rentas puede tomar una determinación sobre el aumento de renta o pueden solicitar información adicional del propietario y / o inquilinos antes de tomar una decisión. Si se solicita información adicional, se programará una nueva audiencia. Si se concede un aumento, el propietario debe notificarle por escrito de la cantidad del aumento al menos (90) días antes de que el aumento entre en vigencia.

Sinceramente,

Carlos Cervantes

Carlos Cervantes
Analista de Servicios de Vivienda y Vecindario I
Attachment "4"
114
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October 23, 2025
Carefree Ranch LLC
C/o Bart J. Thomsen
PO Box 15274
Newport Beach, CA. 92659
Jim Younce- Manager
Carefree Ranch Mobilehome Park
211 N Citrus Ave
Escondido, CA 92027
Dear Bart and Jim,
City of Choice Code Compliance Division -
201 North Broadway, Escondido, CA 92025
Phone: 760-839-4650 Fax: 760-432-6819
Property Owner
Property Manager
This “Notice” is to formally advise you that the violations noted in the rent control inspection report dated October 8, 2025 have been corrected.

We appreciate your cooperation during this process. Our mutual efforts are important in CC: Christopher W. McKinney, Deputy City Manager |
Danielle Lopez, Manager of the Housing and Neighborhood Services Division maintaining-yafe and healthy parks in our city. Please feel free to call me if you have any Attachment "5"
115
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fo a
ESCONDIDO a City of Choice NY Code Compliance Division
201 North Broadway, Escondido, CA 92025
Phone: 760-839-4650 Fax: 760-432-6819
October 23, 2025
Carefree Ranch LLC Property Owner
C/o Bart J. Thomsen
PO Box 15274
Newport Beach, CA. 92659
Jim Younce- Manager Property Manager
Carefree Ranch Mobilehome Park
211 N Citrus Ave
Escondido, CA 92027
Dear Bart and Jim,
This “Notice” is to formally advise you that the violations noted in the rent control inspection report dated October 8, 2025 have been corrected.

We appreciate your cooperation during this process. Our mutual efforts are important in maintaining safe and healthy parks in our city. Please feel free to call me if you have any questions.
! Code Compliance Supervisor
CC: Christopher W. McKinney, Deputy City Manager
Danielle Lopez, Manager of the Housing and Neighborhood Services Division Attachment "5"
116
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s~ ,
ESCONDIDO _
City of Choice om Code Compliance Division
201 North Broadway, Escondido, CA 92025
Phone: 760-839-4650 Fax: 760-432-6819
October 23, 2025
Carefree Ranch LLC Property Owner
C/o Bart J. Thomsen
PO Box 15274
Newport Beach, CA. 92659
Jim Younce- Manager Property Manager
Carefree Ranch Mobilehome Park
211 N Citrus Ave
Escondido, CA 92027
Dear Bart and Jim,
This “Notice” is to formally advise you that the violations noted in the rent control inspection report dated October 8, 2025 have been corrected.

We appreciate your cooperation during this process. Our mutual efforts are important in maintaining safe and healthy parks in our city. Please feel free to call me if you have any questions.

Code Compliance Supervisor
CC: Christopher W. McKinney, Deputy City Manager
Danielle Lopez, Manager of the Housing and Neighborhood Services Division Attachment "5"
117
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STAFF REPORT

November 12, 2025
File Number 0800-10; 0600-10; A-3573

SUBJECT

PL23-0129/PL23-0130/PL25-0086/PL25-0085: ISKCON of Escondido Subdivision and Religious Facility

DEPARTMENT
Development Services, Planning Division

RECOMMENDATION
Request that the City Council adopt the following Resolutions and Ordinance, approving the Project:

1. Adopt Resolution No. 2025-144 adopting a Final Initial Study/Mitigated Negative Declaration and Mitigation Monitoring and Reporting Program prepared for the Project and approving a Tentative Subdivision Map, Grading Exemption, and Density Bonus Request.

2. Adopt Resolution No. 2025-145 approving a Conditional Use Permit and Design Review Permit for construction and operation of a religious institution.

3. Adopt Ordinance No. 2025-07 approving a Development Agreement for construction of residential units in the North Broadway Deficiency Area.

Staff Recommendation: Approval (Development Services Department: Christopher McKinney, Deputy City Manager)
Presenter: Ivan Flores, AICP, Principal Planner
ESSENTIAL SERVICE – Yes, Land Use/Development
COUNCIL PRIORITY – Increase Retention and Attraction of People and Businesses to Escondido; Encourage Housing Development

FISCAL ANALYSIS
The Applicant would be subject to all Development Impact Fees, prior to building permit issuance. The Applicant would also be responsible for payment of the North Broadway Deficiency Area Fee as required by the City’s Growth Management Ordinance. The Development Agreement is required for collection of this fee, and residential development in the area known as the North Broadway Deficiency Region of Influence.

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BACKGROUND
On March 15, 2023, Dhiru Tantod, submitted land use applications for a Tentative Subdivision Map , a Conditional Use Permit, a Design Review Permit, a Grading Exemption, and a Development Agreement— including a density bonus request (“Project”). The density bonus request (see Attachment “1”) would provide two low -income units in exchange for an additional bonus unit for a total of 10 units . The application was deemed complete on May 1, 2025.

On May 23, 2000, Escondido City Council approved a Conditional Use Permit (Case No. 99-50-CUP) at the Project site for an ISKCON Cultural Center. The previous project was never constructed. For comparative analysis, Table 1 shows the differences between the previously approved religious facility and the proposed Project, and Figure 1 shows the architectural differences between both designs.

Table 1: Project Comparisons
Design Feature 99-50-CUP (previously approved) PL23-0130/PL25-0086 (proposed Project) Height Domes and Spires up to 71’-0” in
height Domes and Spires up to 51’-0” in height
Square footage
32,000 sq. ft. cultural hall and
worship temple + 7,200 sq. ft.
dormitory
6,221 sq. ft. temple + 4,733 sq. ft. monk
quarters + 813 sq. ft. change room
Off-street parking 224 spaces 75 spaces
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Figure 1: Project Design Comparisons
99-50-CUP (previously approved):

PL23-0130/PL25-0086 (proposed Project):

PLANNING COMMISSION ACTION
On September 23, 2025, the Planning Commission held a duly noticed meeting to consider the Project, and environmental document prepared for the Project. The Planning Commission voted 5 -1-0 (one absence) to adopt Resolution No. 2025-08 recommending that the City Council approve the Project as conditioned. Over the course of sever al hours, the Planning Commission heard public comment from supporters and opponents of the Project, and debated amongst themselves some of the issues raised by the commentors. The issues discussed throughout the public hearing are summarized below:

1. Secondary Emergency Access and Traffic Impacts
A primary concern raised during public comment was emergency access and traffic in the area. As detailed in the Planning Commission Staff Report, dated September 23, 2025, and as provided by the Fire 120
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Department during the public hearing, the Project is not required to provide secondary access due the site being located in a High Fire Hazard zone, not in a Very High Fire Hazard zone. Additionally, the Project would exceed the requirements (e.g. building standards, fire protection zones, and landscaping requirements) for the Fire Hazard zone in which it is located, and would comply with the State of California Fire requirements, as well as the requirements of the Escondido Fire Department. The Project would also be required to comply with the Fire Protection Report that was prepared for the Project.

Another issue raised during the public hearing was traffic impacts from the Project; however, the Project does not exceed the thresholds for preparing a Vehicle Miles Traveled Analysis (“VMT”) or a Local Mobility Analysis (“LMA”) for purposes of compliance with Senate Bill 743 and the City’s Mobility and Infrastructure Element, respectively. The City has adopted Traffic Impact Analysis ( “TIA”) Guidelines that are intended to implement California Environmental Quality Act and General Plan Policies while also providing clear direction to applicants and consultants. A Traffic Scoping Agreement was prepared, and reviewed and approved by the City’s Tra ffic Division which found that the Applicant was eligible for a Local Mobility Analysis Waiver and was exempt from a VMT analysis due to the Project resulting in 197 average daily trips ( “ADT”), whereas 200 ADT is the threshold . Based on this information, the Project would not contribute significantly to the existing traffic patterns and does not warrant further analysis for purposes of CEQA compliance.

2. Easement road through private property

The Planning Commission discussed a request by the owner of a parcel located within the interior of the Project (“island parcel”) to add a condition requiring the Applicant to build a second access road to his property. The island parcel owner has claimed that a private agreement requires the Applicant to construct an access road in a new location. The Applicant disputes that, but did include a second access road in its project plans and in the environmental review, so that its construction would be included as part of the entitlement, allowing them to build it in the future if they are able to settle the private contract dispute. Staff has worked with the City Attorney’s office on this issue and has informed the owner of the island parcel that the City does not have the authority to adjudicate the rights and obligations of the parties to that private agreement.

The Planning Commission also discussed whether approval of the Project plans would require the Applicant to construct the second access road in order to be compliant with their approval. The second access road would not service the proposed development, and its construction is not necessary for compliance with the Escondido Zoning Code and the Escondido Municipal Code. Therefore, the construction of the second access road is not a condition of project approval.

The owner of the island parcel currently owns a recorded easement that provides access to his property.

That easement is paved and it is the access road currently and historically used by the owner of the island parcel. The Project would not have any impact on that road; if the second access road is not constructed, 121
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the island parcel will continue to have access through the ISKCON property as it does today. The island parcel owner also claimed that that Government Code Section 66474(g) prevents the City from approving the Tentative Subdivision Map, however staff has confirmed with the City Attorney’s office that the code section is inapplicable since it pertains to easements granted to the public at large, not to individuals.

The necessary findings for approval of the Tentative Subdivision Map remain valid and support approving the Tentative Subdivision Map.

3. Perception of proposed operations of the Temple
Public comments on the draft Initial Study/Mitigated Negative Declaration (“IS/MND”) and testimony at the public hearing reflect a concern that Temple activities could draw more attendees than anticipated and would potentially include outdoor events. As detailed in the Project operational characteristics, and as was disclosed in the draft IS/MND, the largest special event (three are identified in the Planning Commission Staff Report) may attract up to a total of 350 attendees over the course of the day (i.e., a concentration of 350 attendees at one time is not anticipated) and such events would require a Temporary Use Permi t pursuant to Condition of Approval No. E.4. Further, none of the operations would be conducted outdoors, as stipulated in Condition No. E.3. While the largest special event could draw up to 350 attendees, actual attendance at any given time is anticipated to vary throughout the day as congregants visit other temples in the San Diego Region. The Project is conditioned to ensure that all Temple activities be conducted wholly indoors, and that no outdoor activities (unless authorized through a Temporary Use Permit), are permitted as part of the CUP.

Another issue raised during the public hearing was regarding the keeping of animals on the site, and whether it would classify the property as an “animal sanctuary .” The Escondido Zoning Code does not include a classification for “animal sanctuary.” As detailed in Table 33-95a of Article 6 (Residential Zones) of the Escondido Zoning Code, the keeping of animals in Residential Estate – 20,000 Square Foot Minimum Lot S ize zon ing district s is permitted , with limitations on the type and quantity of animals. Staff understands that the resident caretaker is responsible for managing the property and caring for the onsite domesticated cattle, which are occasionally used during festivals; the Escondido Zoning Code permits up to one cow per acre, and given the size of the lot, up to 19+ cattle can be kept on site . The Project does not include expansion of the areas used for animal enclosures, nor does it include any requests for modifications to the limitations of Table 33 -95a. No discretionary action is necessary for keeping the domesticated cattle on-site.

The Planning Commission meeting minutes, dated September 23, 2025, have been attached to the City Council Staff Report fo r the City Council’s review (Attachment “2” –Planning Commission meeting minutes, dated September 23, 2025 ); additionally, public comment received up until publication of this report have been provided for further consideration (Attachment “3” – public comments).

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ANALYSIS
The Project would permit the construction of a 11 ,767 square -foot Krishna Temple, and a 10-lot residential subdivision in a northeast area of the City. As detailed in the Planning Commission Staff Report, dated September 23, 2025, the Project complies with the City’s adopted 2012 General Plan Policies and the Escondido Zoning Code, in that the underlying zoning district permits religious uses with a Conditional Use Permit, and the residential subdivision complies with all zoning code requirements, notwithstanding the waivers permitted by State Density Bonus Law and Article 67 (Density Bonus and Residential Incentives).

A more detailed analysis of the Project and its compliance with the Escondido Zoning Code (Chapter 33) and the City’s Subdivision Ordinance (Chapter 32) can be found in Attachment “4” – Planning Commission Staff Report, dated September 23, 2025.

ENVIRONMENTAL ANALYSIS
The California Environmental Quality Act ( “CEQA”) applies to proposed projects initiated by, funded by, or requiring discretionary approvals from state or local government agencies. CEQA Guidelines Section 15367 states that a lead agency, in this case, the City of Escondido, is the agency that has the p rincipal responsibility for carrying out or approving a project and is responsible for compliance with CEQA. As lead agency, the City must complete an environmental review to determine if implementation of the Project would result in significant adverse environmental impacts. In compliance with CEQA, an Initial Study (“IS”) has been prepared to assist in making that determination. Based on the nature and scope of the Project and the evaluation contained in the IS environmental checklist, the City has conclu ded that a Mitigated Negative Declaration (“MND”) is the appropriate level of analysis for the Project.

As provided in CEQA Statute Section 21064.5, and stated in CEQA Guidelines Section 15070, an MND can be prepared when “(a) the initial study shows that there is not substantial evidence, in light of the whole record before the agency, that the project may have a significant effect on the environment, or (b) the initial study identifies potentially significant effects, but (1) revisions in the project plan s or proposals made by, or agreed to by the applicant before a proposed mitigated negative declaration and initial study are released for public review would avoid the effects or mitigate the effects to a point where clearly no significant effects would occur; and (2) there is no substantial evidence, in light of the whole record before the agency, that the project as revised may have a significant effect on the environment.” The MND prepared for the Project identified potentially significant impacts in the areas of Biological Resources, Cultural Resources, Geology and Soils, Hazards and Hazardous Materials, Noise, and Tribal Cultural Resources. However, through incorporation of mitigation measures, the impacts can be reduced to a less- than-significant level.

The City, acting as Lead Agency, released a Draft IS/MND (SCH #2025040631) for a 30 -day public review period from April 11, 2025 to May 23, 2025. City staff received a total of seven comments during the 123
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public review period: two of the seven comments rec eived came from the same party; the California Department of Fish and Wildlife ( “CDFW”) provided one comment; and four separate residents from surrounding properties provided four comments after receiving the Notice of Intent. The Lead Agency prepared responses to those comments and incorporated those responses into a Final IS/MND. The Final IS/MND identifies no new environmental impacts which have not been addressed through the aforementioned mitigation measures. The Final IS/MND is included as Exhibit “ C” to City Council Resolution No. 2025-144, and is Attachment “5” to the City Council Staff Report.

Should the City Council approve the Project, City staff will file a Notice of Determination (see Attachment “6”) with the County Clerk within five days of the Council’s action.

CONCLUSION AND RECOMMENDATION
The Project includes a Tentative Subdivision Map and Development Agreement, along with additional associated discretionary requests, to facilitate the constru ction of a 11,767 square-foot Krishna Temple and subdivision for 10 residential lots. As discussed throughout this Staff Report, the Project complies with the requirements of the Escondido Zoning Code, and with the General Plan policies included in the City’s 2012 General Plan. Additionally, the Project underwent environmental review as required by the CEQA Guidelines, and an MND was prepared for the Project. The Project would not result in any impacts that cannot be mitigated to a less than significant effect due to the incorporation of mitigation measures.

Based on the analysis contained in this Staff Report and the Planning Commission recommendation, and as presented by City staff during the public hearing, Planning staff recommends that the City Council adopt the following resolutions and ordinance, approving the Project as conditioned.

RESOLUTIONS
a) Resolution No. 2025-144
b) Resolution No. 2025-144 – Exhibit “A” – Legal Description c) Resolution No. 2025-144 –Exhibit “B” – Project Plan Set d) Resolution No. 2025 -144 –Exhibit “C” – Final Initial Study/Mitigated Negative Declaration
e) Resolution No. 2025-144 – Exhibit “D” – Mitigation Monitoring and Reporting Program f) Resolution No. 2025-144 – Exhibit “E” – Factors to be considered/Findings of Fact g) Resolution No. 2025-144 – Exhibit “F” – Conditions of Approval h) Resolution No. 2025-145
i) Resolution No. 2025-145 – Exhibit “A” – Legal Description j) Resolution No. 2025-145 – Exhibit “B” – Project Plan Set k) Resolution No. 2025-145 – Exhibit “C” – Factors to be considered/Findings of Fact l) Resolution No. 2025-145 – Exhibit “D” – Conditions of Approval

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ORDINANCES
a) Ordinance No. 2025-07 – Approval of a Development Agreement b) Ordinance No. 2025-07 – Exhibit “A” – Legal Description c) Ordinance No. 2025-07 – Exhibit “B” – Factors to be considered/Findings of Fact d) Ordinance No. 2025-07 – Exhibit “C” – Development Agreement

ATTACHMENTS
a) Attachment “1” – Density Bonus Request
b) Attachment “2” – Planning Commission minutes, dated September 23, 2025 c) Attachment “3” – Public comments received
d) Attachment “4” – Planning Commission Staff Report, dated September 23, 2025 e) Attachment “5” – Final Initial Study/Mitigated Negative Declaration f) Attachment “6” – Notice of Determination
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CITY OF ESCONDIDO
Planning Division
Density Bonus Request
Pursuant to Escondido Municipal Code Sections 33-1412 and 33-1413, the applicant for a density bonus project shall submit a written proposal for the project including the information provided below.

A. General Information
PROJECT NO(S).: PL23-0129 & PL23-0130
ADDRESS: 1315 & 1356 Rincon Avenue, Escondido, CA 92026 APN(S): 224-100-84 & 224-100-85

PROJECT
NARRATIVE (Attach
additional sheet if
necessary)
The 24.53 -acre project site is primarily vacant/undeveloped, except for a single -family de- tached residence and foundations of a shed and other outbuildings near the middle of the site, located on APN 224-100-85-00. As such, ISKCON of Escondido proposes the development of a religious temple facility and a density bonus project consisting of ten residential units in ad- dition to the remaining unit on site. ISKCON will reserve eight of the ten units for market -rate single-family homes, and two will be affordabl e single-family homes restricted to low -income households (those making less than 80% of the Area Median Income).

SITE HISTORY (e.g.,
past entitlements,
actions, CEQA review,
existing development,
site characteristics):

ISKCON of Escondido had previously submitted entitlement documents for a Conditional Use Permit (CUP) (Case No. 99 -50-CUP) previous was approved in 2000 by the Escondido City Council for the proposed ISKCON Cultural Center on the 20.33 -acre project site (APN 224 - 100-85-00). The CUP consisted of a 32,000 square foot cultural hall with an auditorium, classrooms for K -8 school (up to 24 students), kitchen and book shop. The Project also included a 7,200 square foot dormitory for temple monks and nuns, along with 224 on -site parking spa ces. The Project was not constructed, and the CUP expired. A Final Mitigate d Negative Declaration (City File No. ER 99 -31) was adopted for the proposed Project. A Vegetation Removal Permit (City File No. 2002 -02-VRP) was approved in 2002 along with a request for a Habitat Loss 4(d) Permit for removal of 2.22 acres of the existin g 11.99 acres of Coastal Sage Scrub habitat associated with the construction of the ISKCON Cultural Center.

Mitigation Measures were required pursuant to the Natural Communities Conservation Program (NCCP) guidelines. The removal of 2.2 acres of habitat re quired purchase of credits within a pre-approved mitigation bank, and the Project applicant purchased 2.2 acre of habitat credits from the City’s Daley Ranch Conservation Bank in 2003.

GENERAL PLAN
DESIGNATION:

The Escondido General Plan land use designation for the subject site is Estate II (E-2), that is an estate residential designation that allows single -family residential development up to 2 dwelling units per acre.

BASE DENSITY

CALCULATION &
ALLOWANCE:

Estate II land use allows single family development on relatively large lots. The Estate II land use allows a maximum density on the following slope categories: 0-25% - 2 du/1 ac; 25-35% - 1 du/1ac; and 35%+ - 1 du/20 ac. The minimum lot size is 20,000 square feet with a building height of 1-2 stories.

THE PROJECT INCLUDES A CHILD CARE FACILITY (check box) Yes ☐ No ☒ B. Existing Conditions
TOTAL NO. OF:

Existing units on site:

Existing units
proposed for
removal:
1 single family detached residence
N/A
IF
Attachment "1"
126
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* Per EMC If any residential units are proposed for demolition, additional verification information will be required to ensur e compliance with replacement requirements pursuant to state law.
1 Per EMC 33-1411 – an incentive/concession is an item(s) that would result in identifiable, financially sufficient, and actual costs reductions that contribute to the economic feasibility of the project.
2 Per Gov. Code §65915(e)(1) and §65915(e)(2) – a waiver is a reduction or modification of any development standard (Gov. Code §65915(o)(1)) when those requirements potentially make the construction of the project physically infeasible, if not approved. An e xample of sufficient documentation is a written explanation of the requested waiver(s) and a waiver exhibit showing the developable envelope remaining once all development standards are met.

UNITS ARE PROPOSED FOR REMOVAL FILL OUT SECTION E.

C. Proposed Density Bonus Request

TOTAL UNITS
PROPOSED:
10 residential units; 1 temple facility
NO. AFFORDABLE

UNITS &
(AFFORDABILITY
LEVELS):
2 (out of 10 residential units)

PERCENTAGE OF
AFFORDABLE UNITS:
20%

DENSITY INCREASE
PERMITTED (%):

N/A

DENSITY BONUS
UNITS ALLOWED:

N/A

TOTAL LOTS
PROPOSED:
10 lots
TOTAL NO. OF:

Studio Units
1-Bedroom Units
2-Bedroom Units
3-Bedroom Units
4-Bedroom Units

2 – 3-bedroom units
8 – 4-bedroom units

D. Incentives/Concessions1 and Waivers2
NO. OF INCENTIVES/
CONCESSIONS PERMITTED:
2 NO. OF WAIVERS REQUESTED: 2
NO. INCENTIVES/
CONCESSIONS REQUESTED:

Provide all proposed Incentives/Concessions and/or any Waivers requested in Table 1 as a part of the Density Bonus Request. Requests should be clear and definitive in identifying the requested standard, code, or regulation waiving/modification.

Note: A proposed project must not have a specific, adverse impact upon health, safety, or the physical environment and no adverse impacts to any real property that is listed in the California Register of Historical Resources. Additional information may be required, as needed.

Table 1 – Requests

Incentives/Concessions
Incentive /
Concession
Development
Standard (citation) Proposed Justification
Those making less than 80% of the Area Median Income for the current year
Attachment "1"
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Density Bonus Request Form
Rev. 05/2024

N/A N/A N/A N/A

Waivers
Waiver Development
Standard (citation) Proposed Justification
Waiver – Relief from RE -
20 zoning minimum lot
area
RE-20 zoning lists
minimum 20,000 sf
lots
Lot size reduction to
allow varying lot sizes (8
out of 10 lots) starting at
13,503 sf to 16,552 sf
The reduction of the required lot size of RE -20
zoning would allow for the project to portion 10
lots as proposed, including two affordable housing
units. By providing a waiver on the minimum lot
size, the development can fiscally cover the
construction costs and offer two of the lots at an
affordable housing rate. Having two affordable
housing units will also support and respond to the
City’s housing crisis. The affordable housing units
are reserved for low-income households (those
making less than 80% of the Area Median Income).

Lot size as proposed are:

Lot 1 - .34AC – 14,810sf
Lot 2 - .38 AC – 16,552sf
Lot 3 - .36AC – 15,681sf
Lot 4 - .31AC – 13,503 sf
Lot 5 - .63 AC – 27,442 sf (no waiver required)
Lot 6 - .54 AC – 23,552 sf (no waiver required)
Lot 7 - .34 AC – 14,810 sf
Lot 8 - .33 AC – 14,374sf
Lot 9 - .34AC – 14,810 sf
Lot 10 - .37AC – 16,117 sf
Waiver – slopes required RE-20 zoning requires
the following slope
categories: 0-25% - 2
du/1 ac; 25 -35% - 1
du/1ac; and 35%+ - 1
du/20 ac.

Allow for 1.5:1 cut slope
exemption and a 14ft fill
slope
The reductions of the required slopes would allow
for construction of the development as proposed.

To accomplish a “constructable” site a 1.5:1 cut
slope was used on the east side of the site to meet
the slope as it rises in that direction and minimize
overall site disturbance. On the westerly side of
the site we utilized a fill slope of approximately 12
feet to grade the site to meet the access road to
the landlocked neighbor to the southerly portion
of the site as well as to drain the lots to the road
for collection and conveyance of stormwater to
the HOA basin for treatment.

The site design accomplishes several items listed
below to assist with the constructability of the site.
1) Minimizes site disturbance, there are
native artifacts found on site, the smaller the area
The reduction of the required lot width of RE-20 zoning would allow the project to portion 10 lots as proposed, including two affordable units. By providing a waiver on the minimum lot width, the development can fiscally cover the construction costs and offer two of the lots at an affordable housing rate. Having two affordable housing units will also support and respond to the City's housing crisis. The
affordable housing units are reserved for low-income
households (those making less than 80% of the Area
Median Income).

Lot widths proposed are:

Lot 1 - 84'
Lot 2 - 92'
Lot 3 - 89'
Lot 4 - 81'
Lot 5 - 155' (no waiver required)
Lot 6 - 136' (no waiver required)
Lot 7 - 84'
Lot 8 - 81'
Lot 9 - 86'
Lot 10 - 90'
Lot width reduction due to
existing lot configuration.

Proposed lot widths range
from 81' to 155'.

RE- 20 zoning indicates
minimum of 100 feet
average lot width
Waiver - Relief from RE-20
zoning minimum lot width
Attachment "1"
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* Per EMC If any residential units are proposed for demolition, additional verification information will be required to ensur e compliance with replacement requirements pursuant to state law.
1 Per EMC 33-1411 – an incentive/concession is an item(s) that would result in identifiable, financially sufficient, and actual costs reductions that contribute to the economic feasibility of the project.
2 Per Gov. Code §65915(e)(1) and §65915(e)(2) – a waiver is a reduction or modification of any development standard (Gov. Code §65915(o)(1)) when those requirements potentially make the construction of the project physically infeasible, if not approved. An e xample of sufficient documentation is a written explanation of the requested waiver(s) and a waiver exhibit showing the developable envelope remaining once all development standards are met. of disturbance the less likely to disturb any
additional artifacts.
2) The smaller footprint reduces the area of
disturbance of Native Grasslands and creates a
more natural feel to the site.
3) The site design reduces grading
requirements and minimizes soil export/ import
reducing greenhouse gas produced from
construction machinery.
4) Minimizes trenching for storm water
facilities and allows overland flow for storm water
utilizing runoff for landscaping.

Notes:

E. Existing unit information
• Restricted Affordable Lower Income Units: Indicate the number of units by bedroom size existing on the site in the past five years that were at any time subject to a recorded covenant, ordinance, or law that restricted rents or prices to be affordable to lower or very low-income households.

N/A
• Units Subject to Rent Control or Price Control: Indicate the number of units by bedroom size on the site that in the past five years have been subject to rent control (through either state law, a local rent control ordinance, or an inclusionary (BMR) ordinance) or price control (through an inclusionary (BMR) ordinance).

N/A
• Incomes of Existing Tenant Households: Provide documentation of the names, property address, and current incomes of any households now occupying units on the site, by bedroom size of units. If current incomes are unknown, please indicate.

N/A
• If Any Units Are Still Occupied, Incomes of Households Formerly Occupying Vacant Units: For any vacant units, provide documentation of the income of the last household occupying the unit, by bedroom size. If that household's income is unknown, please indicate.

N/A
• No Units Occupied; All Units Vacant or Demolished; Incomes of Former Tenants: If all units that existed on the site in the last five years are currently vacant or have been demolished, please indicate the maximum number of units, by bedroom size, that existed on the site in the past five years and the income of each household occupying a unit at the time when the maximum number of units existed on the site. If the income of those households is unknown, please indicate.

N/A
Waiver - Relief from rear and
side yard setback criteria per
Hillside Areas Section
33-1066 (Design Criteria (I))
Section 33-1066 (Design
Criteria) (I) - requires
single family districts to
have a usable rear year
of 15' min from building to
slope and min 5' for side
yards
Waiver for setback
requirement for Lot 7 due
to site configuration and
adjacent steep slopes.

Waiver for setback requirement for Lot 7 would allow the project to portion 10 residential lots as proposed, to
include two affordable units. Due to the existing
topography of the site and surrounding steeps slopes,
the residential lots have been maneuvered intricately in order to meet the City's development standards and
criteria. Below are the setbacks for Lot 7.

Lot 7: Rear - 20'
Side - 2.9' & 10'
Attachment "1"
129
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Density Bonus Request Form
Rev. 05/2024

Attachment "1"
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CITY of ESCONDIDO
Planning Commission Minutes
September 23, 2025 at 7:00 PM
Council Chambers: 201 North Broadway, Escondido, CA 92025

WELCOME TO YOUR COMMISSION MEETING
We welcome your interest and involvement in the legislative process of Escondido. This agenda includes information about topics coming before the Commission.

CHAIR
Stan Weiler

VICE CHAIR
TBD

COMMISSIONERS
Marc Correll
Jeff Jester
Carrie Mecaro
Barry Speer
Dustin Steeve
Corey Gustafson

MINUTES CLERK
Angel Estrada

HOW TO WATCH
The City of Escondido provides one way to watch the Planning Commission meeting:

In Person
201 N. Broadway, Escondido, CA 92025
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Attachment "2"
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CITY of ESCONDIDO
Planning Commission Minutes

Tuesday, September 23, 2025

MINUTES
CALL TO ORDER: 7:02 p.m.

FLAG SALUTE: Chair Weiler.

ROLL CALL:

Commissioners Present: Stan Weiler, Chair; Carrie Mecaro, Commissioner; Barry Speer, Commissioner; Jeff Jester, Commissioner; Dustin Steeve, Commissioner; and Corey Gustafson, Commissioner.

Commissioner Absent: Marc Correll, Commissioner.

City Staff Present: Veronica Morones, City Planner; Dare DeLano, Assistant City Attorney; Jason Christman, Engineering Manager; Ivan Flores, Principal Planner; La Vona Koretke, Deputy Fire Marshal; Tyler Baston, Deputy Fire Chief; and Angel Estrada, Minutes Clerk.

APPROVAL OF MINUTES:

1. July 22, 2025 Meeting Minutes.

Motion to approve meeting minutes.

Motion: Commissioner Jester; Second: Commissioner Mecaro.

Motion carried (5-0-1) to approve the minutes.

Ayes: Weiler, Mecaro, Speer, Jester, Steeve.

Nays: None.

Abstain: Gustafson.

Absent: Correll.

WRITTEN COMMUNICATIONS:

None.

ORAL COMMUNICATIONS:

None.

PUBLIC HEARINGS:

2. PL23-0129/PL23-0130/PL25-0086/PL25-0085 – ISKCON of Escondido Subdivision and Religious Facility

REQUEST: Recommend to the City Council approval of a project within the Estate II (E2) General Plan and Residential Estate (RE-20) zoning designations consisting of a Tentative Subdivision Map, a Conditional Use Permit, a Design Review Permit, G rading Exemptions, and a Development Agreement all to permit 10 residential lots and a religious facility on an approximate 24 -acre site with ancillary site improvements, all 6 Item 1.

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CITY of ESCONDIDO
Planning Commission Minutes

Tuesday, September 23, 2025

within the North Broadway Deficiency Area (“Project”). The proposed Project includes a Tentative Subdivision Map (PL23-0129) for the subdivision of two existing parcels into 12 total lots. The Project would result in 10 residential lots (Lots 1 – 10) zoned for single-family residential uses and include a lot for a stormwater basin (Lot A). The Project includes a Conditional Use Permit (PL23 -0130) and Design Review Permit (PL25 -0086) for the construction of an 11,767 square -foot Krishna Temple with ancillary site improvements all on Lot 11. The Project includes a Development Agreement (PL25 -0085) for payment of the North Broadway Deficiency Area fee. The Project also includes a Density Bonus Request as permitted by State Density Bonus Law and Article 67 (Dens ity Bonus and Residential Incentives), and Grading Exemptions for slopes up to 32’ -0” in height pursuant to Article 55 (Grading and Erosion Control) of the Escondido Zoning Code. The request includes consideration and a recommendation on the Initial Study/Mitigated Negative Declaration prepared for the Project.

PROPERTY SIZE AND LOCATION: The 24.53-acre site is located on Rincon Avenue and is addressed as 1315 and 1365 Rincon Avenue (Assessor’s Parcel Number(s): 224-100-84-00/224-100-85-00) APPLICANT: ISKCON of Escondido Inc.

CEQA RECOMMENDATION: Recommend adoption of the Final Initial Study/Mitigated Negative Declaration

STAFF RECOMMENDATION: Recommend approval of the Project as conditioned.

PUBLIC COMMENT:

Joe Curtis – Submitted a written public comment in opposition of the project.

Carolyn Kennedy – Submitted a written public comment in opposition of the project.

Jacquelyn Curtis – Submitted a written public comment in opposition of the project.

Wyatt Pedersen – Submitted a written public comment in opposition of the project.

Karissa Pedersen – Submitted a written public comment in opposition of the project.

Jerilyn Padua – Submitted a written public comment in opposition of the project.

Kevin Sullivan – Delivered a presentation in support of the project to the Planning Commission.

Robert Morrill – Spoke in favor of the project and answered questions from the Planning Commission.

Allen Williams – President of the Rocky Point Ranch Home Owner’s Association delivered a presentation in opposition of the project.

Pooja Desai – Spoke in favor of the project.
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CITY of ESCONDIDO
Planning Commission Minutes

Tuesday, September 23, 2025

Bhakti Tantod – Spoke in favor of the project.

Joe Curtis – Spoke in opposition of the project.

Brian Moran – Spoke in opposition of the project.

Jackie Curtis – Spoke in opposition of the project.

Peggy Williams – Spoke in opposition of the project.

Hannah Scott – Spoke in opposition of the project.

Mark Skok – Spoke in opposition of the project.

Sanjay Kuruuad – Spoke in favor of the project.

Brian Nichols – Spoke in favor of the project.

Maxwell Johnson – Spoke in favor of the project.

Arjun Sain – Spoke in favor of the project.

Kulin Tantod – Spoke in favor of the project.

Minu Sharma – Spoke in favor of the project.

Cheryl Stephenson – Spoke in opposition of the project.

William Williams – Spoke in opposition of the project.

John Bristol – Yielded his time to Mike Stephenson.

Mike Stephenson – Spoke in opposition of the project and presented questions to the Planning Commission.

Jason Womack – Spoke in opposition of the project.

Everett Scott – Expressed that all of his concerns were addressed.

Debbie Korn – Spoke in opposition of the project.

Michael Sovacool – Spoke in opposition of the project.

Andre Chavez – Spoke in opposition of the project.
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CITY of ESCONDIDO
Planning Commission Minutes

Tuesday, September 23, 2025

John Teg – Spoke in opposition of the project and yielded the remainder of his time to Andre Chavez.

Tom Plummer – Spoke in favor of the project.

David Bridges – Spoke in favor of the project and gave clarification on the San Diego Hindu community.

Rob Rydeen – Spoke in opposition of the project.

Christopher James – Spoke in opposition of the project.

Vanessa Ferris – Spoke in opposition of the project.

Bhima Plummer – Spoke in favor of the project.

Dhiru Tantod – Registered their position in favor of the project.

Naveen Waney – Registered their position in favor of the project.

Archana Munshi – Registered their position in favor of the project.

Anil Munshi – Registered their position in favor of the project.

Lynda Carlo – Registered their position in favor of the project.

Patricia Garcia – Registered their position in favor of the project.

Partha Kollu – Registered their position in favor of the project.

Gene Higs – Registered their position in favor of the project.

Jayshree Rathod – Registered their position in favor of the project.

Yogesh Rathod – Registered their position in favor of the project.

Vamsi Vasireddy – Registered their position in favor of the project.

Kalpana Vasireddy – Registered their position in favor of the project.

Gurmanjit Singh Randhawa – Registered their position in favor of the project.

Radhalsrishana Kuruvadi – Registered their position in favor of the project.

Karuna Kuruvadi – Registered their position in favor of the project.

Vikram Kuruvadi – Registered their position in favor of the project. 9 Item 1.

Attachment "2"
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CITY of ESCONDIDO
Planning Commission Minutes

Tuesday, September 23, 2025

Mamatha Thota – Registered their position in favor of the project.

Satish Pasapuleti – Registered their position in favor of the project.

Ajay Patel – Registered their position in favor of the project.

Manish Patel – Registered their position in favor of the project.

Jatin Patel – Registered their position in favor of the project.

Ritesh Patel – Registered their position in favor of the project.

Radhika Muthineni – Registered their position in favor of the project.

Karuna Gubba – Registered their position in favor of the project.

Daniel Mendoza – Registered their position in favor of the project.

Kashi Alishala – Registered their position in favor of the project.

Bhupet Raigaga – Registered their position in favor of the project.

Rahavendra Gubba – Registered their position in favor of the project.

Santhosh Sama – Registered their position in favor of the project.

Revi Chavola – Registered their position in favor of the project.

Asha Patel – Registered their position in favor of the project.

Hemant Patel – Registered their position in favor of the project.

Amritpal Takhar – Registered their position in favor of the project.

Alejandro Medel – Registered their position in favor of the project.

Francis Medel – Registered their position in favor of the project.

Sunol Patel – Registered their position in favor of the project.

Jxotika Patel – Registered their position in favor of the project.

Anil Patel – Registered their position in favor of the project.

Bhima Plummer – Registered their position in favor of the project. 10 Item 1.

Attachment "2"
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CITY of ESCONDIDO
Planning Commission Minutes

Tuesday, September 23, 2025

Carolyn Kennedy – Registered their position in opposition of the project.

Debbie Korn – Registered their position in opposition of the project.

Rachelann Gustin – Registered their position in opposition of the project.

Mark Warren – Registered their position in opposition of the project.

Loretta Barlow – Registered their position in opposition of the project.

Derek Carter – Registered their position in opposition of the project.

COMMISSION DISCUSSION:

The Commission discussed the project, heard public testimony, and asked questions to City staff, the applicant, the Rocky Point Ranch H omeowners’ Association, and members of the public. Topics included the project's impact on the surrounding community, the design and layout of the proposal, and concerns raised by residents regarding traffic, privacy, and neighborhood compatibility.

COMMISSION ACTION:

Motion to approve Planning Commission Resolution No. 2025-08, recommending approval of the ISKCON of Escondido Subdivision and Religious Facility Project to City Council.

Motion: Commissioner Jester; Second: Commissioner Speer.

Motion carried (5-1-0) to approve the project as conditioned.

Ayes: Weiler, Mecaro, Speer, Jester, and Steeve.

Nays: Gustafson.

Absent: Correll.

CURRENT BUSINESS:

None.

FUTURE AGENDA ITEMS:

Commissioner Steeve noted that a presentation item relating to the Grand Retail Corridor Subcommittee, which he had tentatively planned to bring forward, will instead be presented at the next Planning Commission meeting.

ORAL COMMUNICATIONS:

None.

11 Item 1.

Attachment "2"
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CITY of ESCONDIDO
Planning Commission Minutes

Tuesday, September 23, 2025

SELECTION OF CHAIR AND VICE-CHAIR:

This item is postponed until a full commission can be present.

PLANNING COMMISSIONERS:

None.

CITY PLANNER'S REPORT:

Veronica Morones, City Planner, provided updates regarding upcoming Planning Commission meetings, including scheduled presentations and potential adjustments to the meeting calendar due to upcoming holidays

ADJOURNMENT
Chair Weiler adjourned the meeting at 11:17 p.m.

___________________________________ _____________________________ Veronica Morones, City Planner Angel Estrada, Minutes Clerk Planning Commission
12 Item 1.

Attachment "2"
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From: Zack Beck
To: Veronica Morones; Angel Estrada
Subject: FW: Form submission from: Public Comment
Date: Tuesday, September 23, 2025 3:06:22 PM
Attachments: image001.jpg
FYI.

Best Regards,
Zack Beck
Zack Beck, CMC, CPMC
City Clerk
City Clerk’s Office | City of Escondido
Direct: 760-839-4560 | Main: 760-839-4617
www.escondido.gov
From: Escondido Meetings Portal via Municode Portal <[email protected]> Sent: Tuesday, September 23, 2025 2:28 PM
To: MunicodeEmails <[email protected]>
Subject:

Form submission from: Public Comment
Submitted on Tuesday, September 23, 2025 - 2:27pm
Submitted by user: Visitor
Submitted values are:

Board or Commission for Public Comment City Council
Email [email protected]
Council Meeting Date 9/23/2025
Item # 1315 Rincon Avenue parcel number 224-100-84-00/224-100-85-00 Subject Hare Krishna Temple
Position In Opposition
First and Last Name Jacquelyn Curtis
Are you an Escondido Resident? Yes
Comments
Hare Krishna Building Development
PL23-0129/PL23-0130/PL25-0086/PL25-0085:ISKCON of Escondido subdivision and Religious Facility
We would like to submit our strong objection to this project. There are several reasons Attachment "3"
139
Item10.
why the approval of this project would be detrimental to my family, my kids, my neighborhood and the families who live there, destroying the rural nature of the area, as well as the surrounding area.

Hare Krishnas are known for their chanting. They chant for HOURS at a time in public spaces as well as dancing which would be disruptive to my quiet neighborhood.

When do they chant? My research has shown they chant even in the late night and early mornings.

Part of them doing these chanting and dances is to try and convert people.

So my concern is that they would be constantly in my neighborhood harassing us to convert, whether it be through performing or door to door soliciting.

Another related concern is the noise that goes along with the dancing and chanting.

Providing 3 FREE hot meals
By providing these hot meals to the public, each day, it encourages more traffic and people who are not a part of the community to come into the area.

It also encourages homeless people to not only come, but to come and stay. They would make their homeless encampments in the open green space across the street from the proposed site, which is right behind my house and where my kids play.

The Hare Krishna’s are well known for recruiting new members through offering 3 FREE hot meals a day. Why would the homeless ever leave?

5. Homeless people
Homeless people are well known for being mentally unstable, violent, and for using drugs, which requires paraphernalia that would be left in the green spaces where my children and other neighborhood children and dogs play.

The homeless often abuse alcohol as well and that inhibits and impairs their judgment.

Homeless people have a lack of access to medical care, showers, and clean clothes which then means they can and have carried diseases.

Encouraging people to come to their temple also would increase traffic into the area all day since there are 3 meals a day available

6. Increase strangers in the neighborhood all day long
The Hare Krishnas encourage strangers to come to their temple.

Strangers do not have a vested interest in the neighborhood Many crimes happen based on opportunities

7. This facility will be a 24 acre religious site that includes a huge temple. A residential neighborhood is not an appropriate placement for a facility, any facility.

Their whole purpose- “The practice of serving food remains a vital and active component of their mission, continuing to attract new individuals.” Everything I listed threatens my family, my children, (8 month old, 3 year old, and twin 11 year olds) and others in the neighborhood. I have lived in this city my whole life. My Attachment "3"
140
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husband and I bought this house in this area for many reasons. It is a quiet, had young children, and the house was on a dead end so there wouldn’t be through traffic and strangers coming into the area, but only people who lived here or friends and family would come. This temple would destroy all that. I have met Hare Krishnas and they have been friendly seemingly nice people. Escondido has many options available that would not be in the middle of a rural residential area. This is simply not the right area for what they will be doing. The specific information about Hare Krishna I got off the internet.

Attachment "3"
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Item10.

From: Zack Beck
To: Veronica Morones; Angel Estrada
Subject: FW: Form submission from: Public Comment
Date: Tuesday, September 23, 2025 3:06:54 PM
Attachments: image001.jpg
FYI.

Best Regards,

Zack Beck

Zack Beck, CMC, CPMC
City Clerk
City Clerk’s Office | City of Escondido
Direct: 760-839-4560 | Main: 760-839-4617
www.escondido.gov

From: Escondido Meetings Portal via Municode Portal <[email protected]> Sent: Tuesday, September 23, 2025 2:26 PM
To:

MunicodeEmails <[email protected]>
Subject: Form submission from: Public Comment

Submitted on Tuesday, September 23, 2025 - 2:25pm
Submitted by user: Visitor
Submitted values are:

From: Zack Beck
To: Veronica Morones; Angel Estrada
Subject: FW: Form submission from: Public Comment
Date: Tuesday, September 23, 2025 3:06:54 PM
Attachments: image001.jpg
FYI.

Best Regards,

Zack Beck

Zack Beck, CMC, CPMC
City Clerk
City Clerk’s Office | City of Escondido
Direct: 760-839-4560 | Main: 760-839-4617
www.escondido.gov

From: Escondido Meetings Portal via Municode Portal <[email protected]> Sent: Tuesday, September 23, 2025 2:26 PM
To:

MunicodeEmails <[email protected]>
Subject: Form submission from: Public Comment

Submitted on Tuesday, September 23, 2025 - 2:25pm
Submitted by user: Visitor
Submitted values are:

From: Veronica Morones
To: Angel Estrada
Cc: Ivan Flores
Subject: FW: Form submission from: Public Comment
Date: Tuesday, September 23, 2025 6:36:57 PM

Thank you,

Veronica Morones (she/her)
City Planner
Development Services | Planning Division
Direct: (760) 839-4548

Attention: The Development Services Department operates its front counter Mondays through Thursdays 8 a.m. to 5 p.m. and is available via email ([email protected]) or phone 760-839- 4671. The front counter is closed on FRIDAYS.

From: MunicodeEmails <[email protected]>
Sent: Tuesday, September 23, 2025 6:25 PM
To:

Annie Ward <[email protected]>; Dare DeLano <[email protected]>; Veronica Morones <[email protected]>
Subject: FW: Form submission from: Public Comment

From: Escondido Meetings Portal via Municode Portal <[email protected]> Sent: Tuesday, September 23, 2025 6:25:06 PM (UTC-08:00) Pacific Time (US & Canada) To: MunicodeEmails <[email protected]>
Subject: Form submission from: Public Comment
Submitted on Tuesday, September 23, 2025 - 6:25pm
Submitted by user: Visitor
Submitted values are:

Board or Commission for Public Comment Planning Commission Email [email protected]
Council Meeting Date September 23, 2025
Item # PL23-0129/PL23-0130/PL25-0086/PL25-0085
Subject Opposition to ISKCON of Escondido Subdivision and Religious Facility Project Position In Opposition
First and Last Name Wyatt Pedersen
Are you an Escondido Resident? Yes
Attachment "3"
144
Item10.

Comments
Dear Planning Commissioners,
I oppose the proposed ISKCON of Escondido project on Rincon Avenue for the following reasons:

Noise & Disruption: Extended chanting, singing, and dancing would disrupt the peace and quiet of this residential neighborhood.

Traffic & Parking: Offering free daily meals will attract large numbers of visitors, creating congestion and unsafe conditions on streets not designed for heavy use.

Public Safety: The facility is likely to draw transient populations, which could increase encampments, drug use, and crime near homes, parks, and play areas.

Neighborhood Character: A 24-acre religious complex, including an 11,767 sq. ft. temple, is incompatible with residential zoning and will permanently alter the area’s character.

Precedent: Allowing this type of large institutional development in a residential area would encourage more incompatible land uses in the future.

For these reasons, I respectfully request that this project be denied.

Attachment "3"
145
Item10.

From: Veronica Morones
To: Ivan Flores
Cc: Angel Estrada; Dare DeLano
Subject: FW: Form submission from: Public Comment
Date: Monday, September 22, 2025 11:53:55 AM
Please see public comment below. I will forward this to the Commission before I leave for the day.

Thank you,

Veronica Morones (she/her)
City Planner
Development Services | Planning Division
Direct: (760) 839-4548

From: Zack Beck <[email protected]>
Sent: Monday, September 22, 2025 9:50 AM
To:

Angel Estrada <[email protected]>
Cc: Veronica Morones <[email protected]>
Subject: FW: Form submission from: Public Comment

FYI.

Best Regards,

Zack Beck

Zack Beck, CMC, CPMC
City Clerk
City Clerk’s Office | City of Escondido
Direct: 760-839-4560 | Main: 760-839-4617
www.escondido.gov

From: Escondido Meetings Portal via Municode Portal <[email protected]> Sent: Saturday, September 20, 2025 8:13 PM
To: MunicodeEmails <[email protected]>
Subject: Form submission from: Public Comment
Attachment "3"
146
Item10.

Submitted on Saturday, September 20, 2025 - 8:12pm
Submitted by user: Visitor
Submitted values are:

Board or Commission for Public Comment Planning Commission Email [email protected]
Council Meeting Date Sept 23, 2025
Item # Unknown
Subject Hari Krishna prohrct
Position In Opposition
First and Last Name Carolyn Kennedy
Are you an Escondido Resident? Yes
Comments
Our back area will see parked cars and traffic on Rincon. I oppose this project. High fire zone already. 2 laned road. 8 services a day.

Attachment "3"
147
Item10.

From: Dare DeLano
To: Veronica Morones; Ivan Flores
Subject: FW: Iskcon Escondido
Date: Monday, October 20, 2025 12:02:54 PM
Hi Veronica and Ivan,

I received this from Iskcon’s attorney – please ensure that it is provided to City Council members (as part of the 2-2-1 packet ideally) and then also it should be included in staff files as part of the admin record.

Thanks,

Dare DeLano
Assistant City Attorney
City Attorney | City of Escondido
Main: 760-839-4608 | Direct: 760-839-4328
www.escondido.org

Confidentiality Statement: This communication contains information that may be confidential, and it may also be legally privileged or otherwise exempt from required disclosure. If you are not the intended recipient, please do not read, distribute or copy this communication and please delete the message from your computer.

From: Kevin Sullivan <[email protected]>
Sent: Friday, October 17, 2025 11:01 AM
To: Dare DeLano <[email protected]>
Subject: Iskcon Escondido

Dare –

This message addresses arguments made by a property owner adjacent to the proposed Iskcon religious facility and tentative map projects that the City should somehow condition the projects with an obligation to provide his land with a private easement. No such easement condition imposed on the Iskcon project permit would be proper or consistent with applicable law.

As stated by Iskcon at the Planning Commission hearing on the projects, the neighbor will always have paved access to his property over Iskcon's land.

The adjacent property owner’s request about this private easement asks the City to exceed its jurisdiction and ability to condition a zoning permit for at least the following reasons:

A city cannot, as a condition to issue a use permit, require dedication of land for a purpose that is not related to use of the property seeking the permit. (CA Government Code section 65909(a).)

Under federal and state laws, any condition for a permit applicant to restrict, preserve or Attachment "3"
148
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dedicate land for another’s use (such as to require an easement) must have both (1) a nexus or relationship to the impacts sought to be addressed by the condition (Nollan v.

CA Coastal Commission, 483 U.S. 825 (1987)), and (2) a rough proportionality between the condition and the impacts generated by the project (Dolan v. City of Tigard, 512 U.S. 374 (1994)). These standards are not at all met related to the adjacent property owner’s demand for a private easement as a condition of the proposed projects’ permits.

Under federal and state laws, any condition imposed on a development project must have both (1) a nexus or relationship to the impacts sought to be addressed by the condition, and (2) a rough proportionality between the condition and the impacts generated by the project. (See Koontz v. St. Johns River Management District, 570 U.S. 595 (2013), which required that all conditions in a land use permit conform to the nexus and rough proportionality requirements of the U.S. Supreme Court’s Nollan and Dolan decisions.)

Further, practically, the City could not reasonably identify or enforce the terms of any permit condition requiring a private easement between the parties. Nor would it want to do so.

Finally, the adjacent property owner’s claims made in the Planning Commission hearing about an easement condition somehow being required by CA Government Code section 66474 are completely baseless and without merit. This Code section addresses a situation where a proposed tentative map would interfere or conflict with “easements, acquired by the public at large, for access through or use of, property within the proposed subdivision.” (CA
Government Code section 66474(g).) No recorded “public easements”, or any other type of easement, are interfered with relating to the proposed tentative map on the Iskcon property.

Please include this message in the administrative record for the project applications.

Let me know if you want to discuss the information and authority in this message. Thank you.

Kevin. 760 402-9495 m

Kevin P. Sullivan
Partner
760.431.9501
www.gdandb.com
G|D|B Gatzke Dillon & Ballance LLP

LAWYERS
NOTICE: This communication and any attached document(s) are privileged and confidential. In addition, any disclosure of this transmission does not compromise or waive the attorney-client privilege or the work product doctrine. If you have received this communication in error, please delete it and contact me at [email protected]
.

Attachment "3"
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No
vember 6, 2025
City of Escondido
City Council
Mayor White
Deputy Mayor Martinez
Councilmember C. Garcia
Councilmember J. Garcia
Councilmember Fitzgerald
201 North Broadway
Escondido, CA. 92025 Via email, only
RE: ISKCON Religious Center, 1365 Rincon Avenue, Escondido, CA.

Dear City Council Members:

In conjunction with the law firm of Gatzke, Dillon & Balance LLP , our law firm represents the ISKCON Religious Center, a California Religious Non profit Corporation (ISK CON), and its affiliates, regarding the development of a temple located at 1365 Rincon Avenue, Escondido, CA 92026 (Property). The purpose of this letter is to recount facts that you may not be aware of, as well as the current state of the law, should the City Council decide to decline to approve the Site Development and Conditional Use Permits , other related permits, and the Project at its hearing on November 12, 2025.

As you are aware, on May 23, 2000, the City Planning Commission approved a Conditional Use Permit (CUP) (Case No. 99-50-CUP) for the proposed ISKCON Cultural Center on the Property.

This permit allowed for a 32,000-square-foot cultural hall, rising 71 feet tall, which would include an auditorium, classrooms for a K-8 school (serving up to 24 students), a kitchen, and bookstores.

The project also planned a 7,200 -square-foot dormitory for monks and nuns and provided for 224 on-site parking spaces. On June 28, 2000, the City Council rejected an appeal a gainst the Planning Commission’s approval, confirming the CUP decision. Despite these approvals, the project was never constructed, and the CUP eventually expired.

On March 15, 2023, Dhiru Tantod submitted land use applications for a Tentative Subdivision Map, a Conditional Use Permit (CUP), a Design Review Permit (DRP), a Grading Exemption, and a Development Agreement, including a Density Bonus request for a much smaller religious 719 Griswold St. Suite 270 Detroit, Michigan 48226 P: 313-859-6000 F: 313-859-8888 www.daltontomich.com DAL TON + TOMICH
Attachment "3"
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City of Escondido, City Council
November 6, 2025

Page 2 ends

Escondido City CouncilNovember 12, 2025

Escondido City Council
November 12, 2025