Agenda packet — Escondido City Council, February 18, 2026 (part 1 of 2)

CITY of ESCONDIDO
Council Meeting Agenda
WEDNESDAY, FEBRUARY 18, 2026
4:00 PM - Closed Session (City Attorney Conference Room) 5:00 PM - Regular Session
Escondido City Council Chambers, 201 North Broadway, Escondido, CA 92025

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

MAYOR
Dane White

DEPUTY MAYOR
Joe Garcia (District 2)

COUNCILMEMBERS
Consuelo Martinez (District 1)
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, February 18, 2026

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, February 18, 2026

CLOSED SESSION
4:00 PM

CALL TO ORDER

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

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

CLOSED SESSION
I. CONFERENCE WITH LABOR NEGOTIATORS (Government Code § 54957.6) a. Agency Representative: Sean McGlynn, City Manager, or designee Employee Organization: Escondido City Employees’ Association, Supervisory Bargaining Unit II. CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Government Code § 54956.8) a. Property: 3333 Bear Valley Pkwy., Escondido (Kit Carson Park) Agency Negotiator: Sean McGlynn, City Manager, or designees Negotiating Party: The Rinks Foundation
Under Negotiation: Terms of Ground Lease
b. Property: 340 N. Escondido Blvd., Escondido (California Center for the Arts, Escondido) Agency negotiator: Sean McGlynn, City Manager, or designees Negotiating Party: California Center for the Arts Foundation Under Negotiation: Terms of Management Agreement
c. Property: 272 E. Via Rancho Pkwy., Escondido (Mershops North County Mall) Agency Negotiator: Sean McGlynn, City Manager, or designees Negotiating Party: Costco Wholesale Corporation
Under Negotiation: Price and Terms of Ground Lease and REA III. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION (Government Code § 54956.9(d)(2)) a. One matter.
3ADJOURNMENT

Wednesday, February 18, 2026

REGULAR SESSION
5:00 PM Regular Session

MOMENT OF REFLECTION
City Council agendas allow an opportunity for a moment of silence and reflection at the beginning of the evening meeting. The City does not participate in the selection of speakers for this portion of the agenda, and does not endorse or sanction any 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

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 provi ded 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. Speak ers 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)

2. APPROVAL OF WARRANT REGISTER
Approval for City Council and Housing Successor Agency warrants issued between January 19, 2026 to February 08, 2026.

Staff Recommendation: Approval (Finance Department: Christina Holmes, Director of Finance) 4 Wednesday, February 18, 2026

3. APPROVAL OF MINUTES: Regular meeting of January 28, 2026

4. WAIVER OF READING OF ORDINANCES AND RESOLUTIONS

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

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

6. ALLOCATION OF LIBRARY TRUST FUNDS
Request the City Council adopt Resolution No. 2026-13 to approve the allocation of $40,000 in Library Trust Funds to supplement the collections budget for the remainder of fiscal year 2026.

Staff Recommendation: Approval (Community Services Department: Joseph Goulart, Director of Public Works)
Presenter: Robert Rhoades, Assistant Director of Community Services a) Resolution No. 2026-13

7. TENTH AMENDMENT TO CONSULTING AGREEMENT WITH SCS ENGINEERING, INC.

Request the City Council adopt Resolution No. 2026-22 authorizing the Mayor to execute a Tenth Amendment to the Consulting Services Agreement with SCS Engineering, Inc. for engineering and contractor services in support of the remediation of the former Orange Glen Market Site.

Staff Recommendation: Approval (Development Services Department: Kevin Snyder, Director of Development Services)
Presenter: Matt Souttere, Principal Engineer
a) Resolution No. 2026-22

5 Wednesday, February 18, 2026

8. FIRST AMENDMENT TO CONSULTING AGREEMENT WITH STC TRAFFIC, INC.

Request the City Council adopt Resolution No. 2026-14 authorizing the Mayor to execute a First Amendment to the Consulting Services Agreement with STC Traffic, Inc. for On-Call Traffic Engineering Services.

Staff Recommendation: Approval (Development Services Department: Kevin Snyder, Director of Development Services)
Presenter: Megan Crooks, Management Analyst II
a) Resolution No. 2026-14

9. CONTINUING REPAIR OF THE EMERGENCY REPAIR OF THE ESCONDIDO TRUNK SEWER MAIN Request the City Council adopt Resolution No. 2026-19 declaring that pursuant to the terms of Section 22050 of the California Public Contract Code, the City Council finds that there is a need to continue the emergency repair of the Escondido Trunk Sewer Main.

Staff Recommendation: Approval (Utilities Department: Daniel Peterson, Director of Utilities) Presenter: Kyle Morgan, Assistant Director of Utilities, Wastewater a) Resolution No. 2026-19

10. APPROVAL OF CALPERS INDUSTRIAL DISABILITY RETIREMENT FOR POLICE OFFICER EDWARD BUSTIN Request the City Council adopt Resolution No. 2026-10 amending and superseding Resolution No. 2025- 51 approving the California Public Employees’ Retirement System (CalPERS) Industrial Disability Retirement for Police Officer Edward Bustin.

Staff Recommendation: Approval (Human Resources Department: Jessica Perpetua, Director of Human Services)
Presenter: Jessica Perpetua, Director of Human Services a) Resolution No. 2026-10

6 Wednesday, February 18, 2026

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

11. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ESCONDIDO, CALIFORNIA, RETAINING THE

EXISTING SPEED LIMIT ON ONE STREET SEGMENT
Approved on January 28, 2026 with a vote of 5/0.
a) Ordinance No. 2026-01 (Second Reading and Adoption)

12. AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ESCONDIDO, CALIFORNIA, APPROVING A

SPECIFIC PLAN AMENDMENT, DEVELOPMENT AGREEMENT, AND PLANNED DEVELOPMENT PERMIT (MASTER AND PRECISE PLAN) TO FACILITATE CONSTRUCTION OF A 128 MULTI-FAMILY PROJECT AND ADOPTING A FIFTH ADDENDUM TO THE FEIR PREPARED FOR THE 2012 GENERAL PLAN UPDATE,

DOWNTOWN SPECIFIC PLAN UPDATE, AND CLIMATE ACTION PLAN REVISED MITIGATION

MONITORING AND REPORTING PROGRAM
Approved on January 28, 2026 with a vote of 4/1 (Martinez - No). a) Ordinance No. 2026-02 (Second Reading and Adoption)

PUBLIC HEARING

13. 2025-2029 HOUSING AND URBAN DEVELOPMENT (“HUD”) CONSOLIDATED PLAN AND ALLOCATION PROCESS FOR FISCAL YEAR (“FY”) 2026-2027 FUNDING
Request the City Council conduct a Public Hearing to (1) review and reaffirm the priorities adopted in the 2025-2029 Consolidated Plan; (2) approve an allocation process for Fiscal Year 2026-2027 utilizing the maximum allowable allocations for public services and the maximum allowable allocations for administration of the Community Development Block Grant (“CDBG”) Program; and (3) authorize the release of a Request for Proposals ("RFP") for public services and community development activities.

Staff Recommendation: Approval (Development Services Department: Kevin Snyder, Director of Development Services)
Presenters: Danielle Lopez, Housing & Neighborhood Services Manager and Dulce Salazar, Management Analyst

7 Wednesday, February 18, 2026

CURRENT BUSINESS

14. SENATE BILL 707 OVERVIEW, IMPACTS ON CITY COUNCIL MEETINGS, AND ADOPTION OF RESOLUTION NO. 2026-25 ESTABLISHING A TECHNOLOGY DISRUPTION POLICY Request the City Council adopt Resolution No. 2026-25 establishing a Technology Disruption Policy for City Council meetings in compliance with Senate Bill 707 and the Ralph M. Brown Act and receive and file this report.

Staff Recommendation: Approval (City Clerk's Office: Zack Beck, City Clerk) Presenter: Zack Beck, City Clerk
a) Resolution No. 2026-25

15. CALIFORNIA VOTER’S CHOICE ACT OVERVIEW AND NOVEMBER 4, 2025 VOTE CENTER ANALYSIS Receive and file this report providing an overview of the California Voter’s Choice Act, a detailed summary of activities prohibited on Election Day, an analysis of Vote Center operations during the November 4, 2025 Special Election, and an update on intergovernmental coordination and recommended advocacy actions to strengthen voter experience and election administration.

Staff Recommendation: Receive and File (City Clerk's Office: Zack Beck, City Clerk) Presenter: Zack Beck, City Clerk

16. BOARD AND COMMISSION TERM EXTENSIONS AND RE-APPOINTMENTS Request the City Council (1) extend the terms of certain Board and Commission members until May 31, 2026; and (2) ratify Mayor White’s re-appointments of certain Planning and Building Advisory and Appeals Board members to full term.

Staff Recommendation: Approval (City Clerk’s Office: Zack Beck, City Clerk) Presenter: Zack Beck, City Clerk

FUTURE AGENDA

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

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

8 Wednesday, February 18, 2026

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.

ADJOURNMENT

UPCOMING MEETING SCHEDULE
Wednesday, February 25, 2026 4:00 & 5:00 PM Closed Session, Regular Meeting, Council Chambers Wednesday, March 04, 2026 4:00 & 5:00 PM Closed Session, Regular Meeting, Council Chambers

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

CEQA STATEMENT
Unless stated otherwise on the agenda, every item on the agenda is exempt from CEQA under Guideline Sections 15060(c), 15061(b)(3), 15273, 15378, 15301, 15323 and/or Public Resources Code Section 21065.

9 Consent Item No. 1 February 18, 2026

A F F I D A V I T S

I T E M

P O S T I N G –

 REAFFIRMATION OF COMMUNITY DEVELOPMENT BLOCK
GRANT (CDBG) PRIORITIES IN THE 2025-2029

CONSOLIDATED PLAN AND ADOPTION OF ALLOCATION
PROCESS FOR FISCAL YEAR 2026-2027 FUNDING
10 Item1.

TY OF ESCONDIDO

NOTICE OF PUBLIC HEARING

REAFFIRMATION OF COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) PRIORITIES IN THE 2025-2029 CONSOLIDATED PLAN AND ADOPTION OF

ALLOCATION PROCESS
FOR FISCAL YEAR 2026-2027 FUNDING
NOTICE IS HEREBY GIVEN that the Escondido City Council will hold a Public Hearing to review and affirm, or make changes to, the community development priorities adopted in the FY 2025-2029 Consolidated Plan and adopt an allocation process for CDBG funds for public service activities in FY 2026-2027.

The public hearing will be held on Wednesday, February 18, 2026 at 5 p.m. in the City Council Chambers, Escondido City Hall, 201 North Broadway. The City encourages and welcomes public comment at this hearing prior to taking action.

The One-Year Action Plan specifies the actions the City plans to undertake and how its CDBG funds will be allocated to address and achieve the community development priorities and goals of the Five-Year Consolidated Plan.

The Five-Year Consolidated Plan is available for public review on the City’s website at https://www.escondido.org/housing-and-neighborhood-services or the Housing and Neighborhood Services Division at Escondido City Hall at 201 N. Broadway, Escondido.

The City of Escondido encourages all residents’ participation in the development and/or review of the Consolidated Plan and Annual Action Plans. All community members are encouraged to attend the public hearing. For further information please contact Dulce Salazar, Housing & Neighborhood Services at (760) 839-4057 or [email protected].

I
f you challenge the item described above in court, you may be limited to raising only those issues that you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the Escondido City Council at or prior to the hearing.

The City remains committed to complying with the Americans with Disabilities Act (“ADA”). Qualified individuals with disabilities who wish to participate in City programs, services, or activities and who need accommodations are invited 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 calling 760-839-4376, preferably at least 72 hours in advance of the event or activity. Forms can be found on the City’s website at: https://www.escondido.org/americans-with- disabilities-act
PUBLIC COMMENT: To submit comments in wri ting, please do so at the following link:
https://escondido-ca.municodemeetings.com/bc-citycouncil/webform/public-comment.

All comments received from the public will be made a part of the record of the meeting.

Published in THE ESCONDIDO TIMES ADVOCATE: 2/5/26
11 Item1.

CIUDAD DE ESCONDIDO
AVISO DE AUDIENCIA PÚBLICA
REAFIRMACIÓN DE LAS PRORIDADES DEL DESARROLLO COMUNITARIO DE BECA PARA BLOQUE (CDBG) EN EL PLAN CONSOLIDADO 2025-2029 Y ADOPCIÓN DEL PROCESO DE ASIGNACION DE FONDOS
PARA EL AÑO FISCAL 2026-2027
POR LA PRESENTE SE NOTIFICA que el Consej o Municipal de la Ciudad de Escondido realizará una audiencia pública para repasar y afirmar, o hacer cambios a las prioridades del desarrollo de la comunidad aprobadas en el año fiscal del Plan Consolidado 2025-2029, y para adoptar un proceso de asignación de los fondos de CDBG para actividades de servicios públicos en el Año Fiscal 2026-2027.

La audiencia se llevará a cabo el día Miércoles 18 de febrero, 2026 a las 5 p.m. en el Consejo Municipal de Escondido, 201 N. Broadway. La Ciudad anima y da la bienvenida a los comentarios públicos en esta audiencia antes de tomar acción.

El Plan de Acción de un año, específica las acciones que la Ciudad planea emprender y cómo los fondos de CDBG serán asignados para dirigir y alcanzar las prioridades del desarrollo comunitario y metas para el Plan Consolidado de cinco años.

La Ciudad de Escondido anima la participación de todos los residentes en el desarrollo y/o repaso del Plan Consolidado y Planes de Acción anual. Todos los residentes de la comunidad son animados a asistir la audiencia pública. Para más información contacte a Dulce Salazar al (760) 839-4057 o [email protected] en la División de Vivienda y Servicios al Vecindario.

Si cue
stiona el elemento descrito anteriormente ante una corte, podría 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 entregada al Concejo Municipal de Escondido durante o antes de la audiencia.

La Ciudad de Escondido sigue comprometida a cumplir con la Ley de Estadounidenses con Discapacidades (ADA). Las personas calificadas con discapacidades que deseen participar en programas, servicios o actividades de la Ciudad y que necesiten adecuaciones están invitadas a presentar sus solicitudes a la Ciudad llenando un Formulario de Solicitud de Adecuaciones o un Formulario de Solicitud de Apoyo de Inclusión para Menores, o llamando al 760-839-4376, preferiblemente al menos 72 horas antes del evento o actividad. Los formularios se pueden encontrar en el sitio web de la Ciudad en: https://www.escondido.org/americans-with-disabilities- act.

COMENTARIO PÚBLICO: para enviar comentarios por escrito, hágalo en el siguiente enlace: https://escondido-ca.municodemeetings.com/bc-citycouncil/webform/public-comment.

Todos los comentarios recibidos del público formarán parte del acta de la reunión.

Published in THE ESCONDIDO TIMES ADVOCATE: 2/5/26
12 Item1.

STAFF REPORT

February 18, 2026
File Number 0400-40

SUBJECT

APPROVAL OF WARRANT REGISTER

DEPARTMENT
Finance

RECOMMENDATION
Approval for City Council and Housing Successor Agency warrants issued between January 19, 2026 to February 08, 2026
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 01/19/2026 to 02/08/2026
Total $23,966,283.98
Number of Warrants 605

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

January 28, 2026 Escondido City Council Minutes Page 1 of 7

REGULAR SESSION
5:00 PM

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

PROCLAMTION
Human Trafficking Awareness Month

CLOSED SESSION REPORT

ORAL COMMUNICATIONS
Fernando Bernal – Requested support for Charro de Charros of Escondido Georgine Tomasi – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
Darlene Simpson – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
James Stone – Requested the City Council select an Escondido artist for the Grand Ave RFQ.

14 Item3.

January 28, 2026 Escondido City Council Minutes Page 2 of 7

CONSENT CALENDAR
Motion: G. Garcia; Second: Fitzgerald; 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 January 5, 2026 to January 18, 2026.

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

3. APPROVAL OF MINUTES: Regular meetings of January 7, 2026 and January 14, 2026

4. WAIVER OF READING OF ORDINANCES AND RESOLUTIONS

5. ESTABLISH SPEED LIMITS FOR 61 ROADWAY SEGMENTS BY RESOLUTION AND 1 NEW

SEGMENT BY ORDINANCE
Request the City Council adopt Resolution No. 2026-11 amending the traffic schedule establishing speed zones on 61 roadway segments, and one (1) speed survey pursuant to Ordinance No. 2026-01. (File Number 1050-45)
Staff Recommendation: Approval (Public Works Department: Joe Goulart, Dire ctor of Public Works and Christopher W. McKinney, Deputy City Manager) Presenter: Ali Shahzad, City Traffic Engineer
a) Resolution No. 2026-11
b) Ordinance No. 2026-01 (First Reading and Introduction)

6. ANNUAL STATE MANDATED INSPECTION COMPLIANCE REPORT
Request the City Council adopt Resolution No. 2026-06 acknowledging the Fire Department’s report of compliance with annual State mandated inspections. (File Number 0320-10) Staff Recommendation: Approval (Fire Department: Tyler Batson, Interim Fire Chief) Presenter: Tyler Batson, Interim Fire Chief
a) Resolution No. 2026-06
15 Item3.

January 28, 2026 Escondido City Council Minutes Page 3 of 7

7. CONTINUING THE EMERGENCY REPAIR OF THE ESCONDIDO TRUNK SEWER MAIN Request the City Council adopt Resolution No. 2026-09, 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: Daniel Peterson, Director of Utilities) Presenter: Kyle Morgan, Assistant Director of Utilities, Wastewater a) Resolution No. 2026-09

PUBLIC HEARINGS

8. PUBLIC HEARING TO CONSIDER A SUBSTANTIAL AMENDMENT TO THE 2025-2029 CONSOLIDATED PLAN AND 2025-2026 ANNUAL ACTION PLAN TO INCREASE HOME FUNDS TO

EXPAND RENTAL ASSISTANCE OPPORTUNITIES AND BETTER ALIGN AVAILABLE FUNDING

WITH CURRENT HOUSING NEEDS AND COMMUNITY PRIORITIES
Request the City Council of the City of Escondido conduct a public hearing to receive a report from City staff describing the proposed substantial amendment to the 2025-2029 Consolidated Plan and 2025-2026 Annual Action Plan and provide direction on options presented by staff and authorize the release of a Request for Proposals (“RFP”) for HOME funds to provide rental, security deposit, and utility assistance. (File Number 0875-55) Staff Recommendation: Approval (Development Services Department: Kevin Snyder, Director of Development Services)
Presenters: Danielle Lopez, Housing Manager and Norma Olquin, Management Analyst James Cassidy – Requested the City Council allocate HOME Funds for rental subsidies for income qualifying residents of all ages
Victoria Nayak – Requested the City Council allocate HOME Funds for rental subsidies for income qualifying residents of all ages
Darlene Simpson – Requested the City Council allocate HOME Funds for rental subsidies for income qualifying residents of all ages
Maria Wallace – Requested the City Council allocate HOME Funds for rental subsidies for income qualifying residents of all ages
Richard Cannon – Requested the City Council allocate HOME Funds for rental subsidies for income qualifying residents of all ages
16 Item3.

January 28, 2026 Escondido City Council Minutes Page 4 of 7

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

9. PL24-0091/PL24-0092/PL24-0093/PL24-0094/PL24-0095/PL25-0324 – THE MAPLE –

DOWNTOWN SPECIFIC PLAN AMENDMENTS, DEVELOPMENT AGREEMENT, PLANNED

DEVELOPMENT PERMIT, AND DESIGN REVIEW PERMIT
Request the City Council adopt the following Resolution and Ordinance approving the Project: Adopt Ordinance No. 2026-02, (a) approving a Specific Plan Amendment, Development Agreement, Planned Development Permit (Master and Precise Plan) to facilitate construction of a 128 multi-family development, and (b) adoption of a Fifth Addendum to the FEIR 2012 General Plan Update, Downtown Specific Plan Update, and Climate Action Plan, including the revised Mitigation Monitoring and Reporting Program. Adopt Resolution No. 2026-12, approving a Design Review Permit for construction of a 128 multi-family development project. (File Number 0800-40; 0600-10; A-3580) Staff Recommendation: Approval (Development Services Department: Kevin Snyder, AICP, Director of Development Services)
Presenter: Ivan Flores, AICP, Principal Planner
a) Resolution No. 2026-12
b) Ordinance No. 2026-02 (First Reading and Introduction) David Rodger – Expressed opposition to the project
Carol Rogers – Expressed support for the project on behalf of the Downtown Business Association Board.

Richard Garner – Expressed opposition to the project
Ashleigh Strassman – Expressed opposition to the project Traci Bass – Expressed opposition to the project
Tami Beverson – Expressed opposition to the project
Richard Cannon – Expressed support for the project
Victoria Nayak – Expressed opposition to the project.

Motion: White; Second: C. Garcia; Approved: 4-1 (Martinez – No) 17 Item3.

January 28, 2026 Escondido City Council Minutes Page 5 of 7

CURRENT BUSINESS

10. AMENDMENT TO THE MAIN SUBSCRIPTION AGREEMENT (“MSA”) WITH WORKDAY, INC.

Request the City Council adopt Resolution No. 2026-08 authorizing the Mayor, on behalf of the City, to approve an amendment to the Main Subscription Agreement (“MSA”) with Workday, Inc. (File Number 0600-10; A-3453-1)
Staff Recommendation: Approval (Finance Department: Christina Holmes, Director of Finance) Presenter: Christina Holmes, Director of Finance
a) Resolution No. 2026-08
Motion: Fitzgerald; Second: White; Approved: 5-0

11. CITYWIDE TRAFFIC SIGNAL SYSTEM COMMUNICATIONS UPDATE Request the City Council receive and file this report on the Traffic Signal Communications Upgrade project, including progress on equipment replacement and anticipated next steps. (File Number 1050-45)
Staff Recommendation: Receive and File (Public Works Department: Joseph Goulart, Director of Public Works)
Presenter: Craig Williams, Project Manager
No Council action on this item

12. APPOINTMENT OF AD-HOC SUBCOMMITTEE ON FIREWORKS
Request the City Council approve the creation of an Ad-Hoc Subcommittee on Fireworks, appoint two City Council Members to serve on the subcommittee, and direct the subcommittee to evaluate fireworks-related public safety impacts, enforcement challenges, and potential policy options, and to return to the City Council with findings and recommendations. (File Number 0120-15)
Staff Recommendation: None (City Clerk’s Office: Zack Beck, City Clerk) Presenter: Zack Beck, City Clerk
Gregg Oliver – Expressed support for the item and requested that the Subcommittee engage members of the community in its meetings.
18 Item3.

January 28, 2026 Escondido City Council Minutes Page 6 of 7

Motion to appoint Mayor White and Councilmember Martinez to the Subcommittee: White; Second: J. Garcia; Approved: 5-0

FUTURE AGENDA

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

Staff Recommendation: None (City Clerk's Office: Zack Beck) Fitzgerald / J. Garcia – Presentation from Environmental Programs

ORAL COMMUNICATIONS
Ana Marie Velasco – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
Sharon Edmons – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
Maria Wallace – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
Maya Flores– Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
Simon Gutman – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
Gregg Oliver – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
19 Item3.

January 28, 2026 Escondido City Council Minutes Page 7 of 7

Simon Gutman – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
Amalia – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement
Cody Barnes – Requested the City Council cancel the firing range contract with Immigration and Customs Enforcement

ADJOURNMENT
Mayor White adjourned the meeting at 8:37 p.m.

______________________________ _______________________________

MAYOR CITY CLERK

20 Item3.
21 Item4.

STAFF REPORT

February 18, 2026
File Number 0490-55

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

DEPARTMENT
City Treasurer

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

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

FISCAL ANALYSIS
From October 1, 2025 to December 31, 2025, the City’s investment portfolio increased from $197 million to $206 million. The adjusted average annual yield increased from 3.430 percent to 3.484 percent with the portfolio duration at 2.014. The City continues to see additional revenue coming in from the Measure I Sales Tax that recently went into effect this calendar year. These positive cashflows account for the amounts that increased in this second fiscal year quarter ending December 31, 2025.

PREVIOUS ACTION
The Investment Report for the quarter ended September 30, 2025, was filed with the City Clerk’s Office on October 31, 2025 and presented to the City Council on November 12, 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:
22 Item5.

• Summary of Investment Allocation as of December 31, 2025 (Attachment “1”) • Summary of Investment Portfolio Yield for the last 12 months (Attachment “2”) • Schedule of Funds Managed by Outside Parties as of December 31, 2025 (Attachment “3”) The Investment Performance Review ( Attachment “4”) provides a Market U pdate, 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 December 31, 2025, the City complies with all requirements of the City’s Investment Policy.

The cashflow has been and will continue to be deployed out on the investment 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 December 31, 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 December 31, 2025 d. Attachment “4” – Investment Performance Review for the Quarter Ended December 31, 2025
23 Item5.

Investment Type Market Value
State Investment Pool (LAIF) 12,958$ 12,958$ 0.01% California Asset Management Program (CAMP) 26,361,985 26,361,985 12.71% Placement Service Deposits (Stone Castle) 5,491,588 5,491,588 2.65% U.S. Treasury Obligations 120,960,388 122,243,409 58.92% Federal Agency Securities 1,885,231 1,908,010 0.92%
Supranational Securities 0 0 0.00%
U.S. Corporate Bonds 40,134,084 40,386,704 19.47%
U.S. Municipal Bonds 310,000 306,736 0.15%
Asset-Backed Security 0 0 0.00%
Money Market Account (BNY Blackrock) 10,753,512 10,753,512 5.18% Total Investment Portfolio - December 2025 205,909,745$ 207,464,902$ 100% Reported Total Investments - September 2025 196,719,003$ 197,927,835$ Change from Prior Quarter 9,190,742$ 9,537,067$
Portfolio Duration 2.014
City of Escondido
Summary of Investment Allocation
as of December 31, 2025
Book Value
Percent of
Portfolio at
Market
13%
3%
59%
1%0%
19%
0% 5%
Summary of Investment Allocation as of
December 31, 2025
California Asset Management Program
(CAMP)
Placement Service Deposits (Stone
Castle)
U.S. Treasury Obligations
Federal Agency Securities
Supranational Securities
U.S. Corporate Bonds
U.S. Municipal Bonds
Attachment "1"
24 Item5.

Date Book Value Yield
Dec-25 $205,909,745.35 3.532%
Nov-25 $189,424,797.17 3.583%
Oct-25 $192,607,536.29 3.622%
Sep-25 $196,630,386.52 3.503%
Aug-25 $187,476,401.32 3.467%
Jul-25 $200,982,111.91 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%
Average Portfolio Interest Yields 3.484%
* Includes Assets managed by PFM, LAIF, and Stone Castle.

SUMMARY OF INVESTMENT PORTFOLIO YIELDS
FOR THE LAST 12 MONTHS
As of December 31, 2025
Attachment "2"
25 Item5.

CITY OF ESCONDIDO

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

BOND FUNDS
BANK OF NEW YORK:
1998-1 Rancho San Pasqual Assessment District 00419457 131.33$ 3.280% Treasury 1998-1 Rancho San Pasqual Assessment District 00419471 381,610.87 3.660% Treasury 2013 JPFA Reidy Creek Lease Revenue Bonds (2001 Refunding) 00844523 0.00 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 3.680% Treasury 2013 Community Facility District - Hidden Trails (2001 Refunding) 00495896 76.37 3.650% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686531 386.67 3.650% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686532 30,172.82 3.600% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686537 113.72 0.000% Cash 2015A Wastewater Bond (2004A Refunding) 00479672 72.14 3.670% Dreyfus Cash Management 2015A Wastewater Bond (2004A Refunding) 00479673 35.61 3.680% Dreyfus Cash Management 2015A Wastewater Bond (2004A Refunding) 00479674 344.37 3.670% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766031 123.03 3.420% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766038 1,104.66 3.420% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766051 172.36 3.420% 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 6,385,881.22$
SECTION 115 TRUST FUNDS
PUBLIC AGENCY RETIREMENT SERVICES:

PARS Post-Employment Benefits Trust $39,094,174.17 Moderately Conservative HighMark PLUS TOTAL FUNDS MANAGED BY OUTSIDE PARTIES $45,480,055.39
Attachment "3"
26 Item5.

City of Escondido Quarterly Report
City of Escondido (299155)
Quarter End (Q4 Y2025)
10/01/2025 - 12/31/2025
Dated: 02/03/2026
Locked Down
Attachment "4"
27 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))
29 Status (City of Escondido (299155))
30 GAAP GL Income Detail (City of Escondido (299155))
33 GAAP Transaction Detail (City of Escondido (299155)) 40 Audit (City of Escondido (299155))
42 Table of Contents
Dated: 02/03/2026
Attachment "4"
28 Item5.

Issuer Concentration
Issuer Ending % of Market
Value + Accrued
United States 69.606%
Other 15.343%
BLAKCROCK 6.095%
The Home Depot, Inc. 2.878%
Amazon.com, Inc. 1.877%
UnitedHealth Group Incorporated 1.499%
Waste Management, Inc. 1.378%
Caterpillar Financial Services Corporation 1.324%
--- 100.000%
Footnotes: 1,2
Cash and Fixed Income Summary
Risk Metric Value
MMFund 10,753,512.02
Fixed Income 165,666,571.56
Duration 2.014
Convexity 0.062
WAL 2.010
Years to Final Maturity 2.032
Years to Effective Maturity 2.009
Yield 3.618
Book Yield 3.475
Avg Credit Rating AA-/Aa3/AA-
Balance Sheet
Book Value + Accrued 174,864,927.11
Net Unrealized Gain/Loss 1,555,156.48
Market Value + Accrued 176,420,083.58
Exposure - Security Type
Exposure - Sector
Exposure - Asset Class
Risk Summary - Fixed Income City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 1 Attachment "4"
29 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%

1.187%

0.000%

0.000%
AA

21.102%

14.065%

25.606%

8.355%

4.931%

0.000%

0.000%
A

2.138%

7.483%

2.327%

5.687%

1.024%

0.000%

0.000%
BBB

0.000%

0.000%
BB

0.000%

0.000%
B

0.000%

0.000%
CCC

0.000%

0.000%
CC

0.000%

0.000%
C

0.000%

0.000%
NA

0.000%

0.000%
Exposure - Credit Rating
Exposure - Duration
Risk Summary - Fixed Income City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 2 Attachment "4"
30 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)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 3 Attachment "4"
31 Item5.
1: * Grouped by: Issuer. 2: * Groups Sorted by: Ending % of Market Value + Accrued.

Risk Summary - Fixed Income City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 4 Attachment "4"
32 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 176,420,083.58 0.287% 1.116% 2.331% 5.545% 4.201% --- --- --- ICE BofA 1-5 Year US Corporate & Government
Index
--- 0.221% 1.143% 2.453% 6.064% 3.925% --- --- ---
Multiple Benchmarks Comparison City of Escondido (299155) Base Currency: USD As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 5 Attachment "4"
33 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

1.116% 1.143% -0.006 0.000 -0.010 0.054% 0.031%
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)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 6 Attachment "4"
34 Item5.

AAA
AA+
Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP AAA Aaa AAA NA 2,093,633.33 City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP AAA Aaa AAA NA 2,093,633.33 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 1,002,594.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP AA+ Aaa AA+ NA 950,777.78 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND AA+ Aa1 AA+ AA+ 956,643.33 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND AA+ Aa1 AA+ AA+ 955,179.17 City of Escondido 9128282A7 UNITED STATES TREASURY 1,900,000.00 USD 08/15/2026 US GOV AA+ Aa1 AA+ AA+ 1,886,767.95 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV AA+ Aa1 AA+ AA+ 3,972,949.28 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 2,065,623.94 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV AA+ Aa1 AA+ AA+ 2,947,935.24 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV AA+ Aa1 AA+ AA+ 1,153,862.02 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,996,572.93 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV AA+ Aa1 AA+ AA+ 1,849,691.52 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV AA+ Aa1 AA+ AA+ 2,871,011.44 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,908,458.59 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV AA+ Aa1 AA+ AA+ 1,896,638.90 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 644,335.19 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,278,680.70 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,598,350.87 Exposure - Credit Rating City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 7 Attachment "4"
35 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 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 998,969.29 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV AA+ Aa1 AA+ AA+ 799,175.43 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV AA+ Aa1 AA+ AA+ 948,798.59 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV AA+ Aa1 AA+ AA+ 2,989,466.69 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV AA+ Aa1 AA+ AA+ 398,595.56 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,990,672.42 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,661,770.89 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV AA+ Aa1 AA+ AA+ 2,373,958.42 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV AA+ Aa1 AA+ AA+ 355,321.50 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV AA+ Aa1 AA+ AA+ 2,023,358.55 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV AA+ Aa1 AA+ AA+ 2,834,324.92 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 4,909,083.98 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 392,726.72 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 981,816.80 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 490,908.40 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV AA+ Aa1 AA+ AA+ 1,990,119.89 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV AA+ Aa1 AA+ AA+ 2,928,262.75 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV AA+ Aa1 AA+ AA+ 1,978,379.56 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV AA+ Aa1 AA+ AA+ 2,967,569.34 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV AA+ Aa1 AA+ AA+ 2,990,189.34 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,000,298.15 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,000,298.15 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,004,958.09 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV AA+ Aa1 AA+ AA+ 1,988,576.19 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV AA+ Aa1 AA+ AA+ 2,036,549.83 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,018,274.92 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV AA+ Aa1 AA+ AA+ 3,027,861.13 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV AA+ Aa1 AA+ AA+ 4,030,908.18 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV AA+ Aa1 AA+ AA+ 1,024,221.16 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV AA+ Aa1 AA+ AA+ 2,048,442.32 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV AA+ Aa1 AA+ AA+ 5,060,558.38 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV AA+ Aa1 AA+ AA+ 1,006,034.48 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV AA+ Aa1 AA+ AA+ 2,012,068.95 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV AA+ Aa1 AA+ AA+ 2,012,073.63 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV AA+ Aa1 AA+ AA+ 1,004,706.51 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV AA+ Aa1 AA+ AA+ 5,016,517.96 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV AA+ Aa1 AA+ AA+ 2,024,120.99 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV AA+ Aa1 AA+ AA+ 3,036,181.49 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV AA+ Aa1 AA+ AA+ 3,097,386.68 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV AA+ Aa1 AA+ AA+ 2,042,510.27 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV AA+ Aa1 AA+ AA+ 3,121,219.86 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV AA+ Aa1 AA+ AA+ 3,018,490.77 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV AA+ Aa1 AA+ AA+ 2,012,327.18 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV AA+ Aa1 AA+ AA+ 1,027,569.15 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 3,034,034.75 City of Escondido 91282CNY3 UNITED STATES TREASURY 3,000,000.00 USD 09/15/2028 US GOV AA+ Aa1 AA+ AA+ 3,018,837.18 City of Escondido --- --- 127,220,000.00 USD 01/03/2028 --- AA+ Aa1 AA+ AA+ 126,664,568.40 Exposure - Credit Rating City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 8 Attachment "4"
36 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 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI AA Aa2 NA AAA 308,990.95 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI AA Aa2 NA AAA 308,990.95 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 1,862,751.11 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP AA- Aa3 AA AA 1,819,551.11 City of Escondido --- --- 4,000,000.00 USD 05/01/2030 CORP AA- Aa2 AA- AA 3,682,302.22 Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP A+ A1 A+ NA 1,037,790.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP A+ A1 AA AA- 483,636.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP A+ A1 AA AA- 1,806,553.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP A+ A1 AA AA- 1,020,451.67 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP A+ A1 A+ WR 693,623.00 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP A+ Aa3 A+ A+ 1,043,616.39 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP A+ A1 A+ WR 1,457,592.50 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP A+ Aa3 A+ NA 971,798.33 City of Escondido --- --- 8,700,000.00 USD 10/01/2028 CORP A+ A1 AA- AA- 8,515,061.89 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- 2,004,992.00 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP A A2 AA- NA 1,990,148.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP A A2 A A+ 790,703.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP 500,000.00 USD 01/06/2026 CORP A A2 A A+ 511,711.67 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL SERVICES CORP 1,000,000.00 USD 11/15/2029 CORP A A2 A A+ 1,032,665.56 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP A A1 A A+ 789,718.22 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP A A2 A WR 942,416.67 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP A A2 A A 969,861.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP A A2 A A 1,026,751.67 City of Escondido 437076DC3 HOME DEPOT INC 3,000,000.00 USD 06/25/2029 CORP A A2 A A 3,080,255.00 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP A A2 A A 681,160.67 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP A A1 A AA- 1,064,967.67 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP A A2 A+ A+ 676,074.67 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP A A2 A A 178,396.50 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP A A2 A A 644,209.58 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP A A2 A+ A 2,001,882.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP A A2 A+ A 200,605.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP A A2 A+ A 441,332.22 City of Escondido --- --- 18,940,000.00 USD 06/20/2028 CORP A A2 A A+ 19,027,853.42 Exposure - Credit Rating City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 9 Attachment "4"
37 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 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP A- A3 A- A 986,224.44 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP A- A3 A- A- 990,487.78 City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD 10/01/2029 CORP A- A3 A- A- 965,605.00 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP A- A3 A- A- 2,431,844.13 City of Escondido --- --- 5,335,000.00 USD 09/07/2027 CORP A- A3 A- A- 5,374,161.35 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 10,753,512.02 USD 12/31/2025 MMFUND NA NA NA NA 10,753,512.02 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 10,753,512.02 USD 12/31/2025 MMFUND NA NA NA NA 10,753,512.02 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 --- --- 177,258,512.02 USD 01/12/2028 --- AA- Aa2 AA AA 176,420,083.58 Exposure - Credit Rating City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 10 Attachment "4"
38 Item5.

Cash and Fixed Income Summary
Risk Metric Value
MMFund 10,753,512.02
Fixed Income 165,666,571.56
Duration 2.014
Convexity 0.062
WAL 2.010
Years to Final Maturity 2.032
Years to Effective Maturity 2.009
Yield 3.618
Book Yield 3.475
Avg Credit Rating AA-/Aa3/AA-
Balance Sheet
Field Value
Book Value + Accrued 174,864,927.11
Net Unrealized Gain/Loss 1,555,156.48
Market Value + Accrued 176,420,083.58
Compliance Overview
Status Compliant
As of 12/31/2025
Reconciliation Status
Status Reconciled
Last Reconciled For 02/02/2026
Summary
Overview City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 11 Attachment "4"
39 Item5.

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

Overview City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 12 Attachment "4"
40 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 10/01/2025 10/31/2025 0.315% 0.313% 0.003%
11/01/2025 11/28/2025 0.495% 0.279% 0.216%
11/29/2025 12/31/2025 0.302% 0.322% -0.020%
--- --- --- --- ---
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)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 13 Attachment "4"
41 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
--- 0.221% 1.143% 2.453% 6.064% --- --- --- 0.102% ---
City of Escondido 176,420,083.58 0.287% 1.116% 2.331% 5.545% -0.038 -0.017 -0.005 0.080% 0.036% Comparison City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 14 Attachment "4"
42 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 1,886,767.95 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV 3,972,949.28 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV 2,065,623.94 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV 2,947,935.24 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV 1,153,862.02 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV 1,996,572.93 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV 1,849,691.52 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV 2,871,011.44 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV 1,908,458.59 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV 1,896,638.90 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV 644,335.19 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV 1,278,680.70 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV 1,598,350.87 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV 998,969.29 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV 799,175.43 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV 948,798.59 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV 2,989,466.69 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV 398,595.56 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV 1,990,672.42 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV 1,661,770.89 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV 2,373,958.42 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV 355,321.50 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV 2,023,358.55 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV 2,834,324.92 Exposure - Security Type City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 15 Attachment "4"
43 Item5.

CORP
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV 4,909,083.98 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV 392,726.72 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV 981,816.80 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV 490,908.40 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV 1,990,119.89 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV 2,928,262.75 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV 1,978,379.56 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV 2,967,569.34 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV 2,990,189.34 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV 1,000,298.15 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV 1,000,298.15 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV 1,004,958.09 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV 1,988,576.19 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV 2,036,549.83 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV 1,018,274.92 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV 3,027,861.13 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV 4,030,908.18 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV 1,024,221.16 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV 2,048,442.32 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV 5,060,558.38 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV 1,006,034.48 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV 2,012,068.95 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV 2,012,073.63 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV 1,004,706.51 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV 5,016,517.96 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV 2,024,120.99 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV 3,036,181.49 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV 3,097,386.68 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV 2,042,510.27 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV 3,121,219.86 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV 3,018,490.77 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV 2,012,327.18 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV 1,027,569.15 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV 3,034,034.75 City of Escondido 91282CNY3 UNITED STATES TREASURY 3,000,000.00 USD 09/15/2028 US GOV 3,018,837.18 City of Escondido --- UNITED STATES TREASURY 123,220,000.00 USD 01/07/2028 US GOV 122,799,373.96 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 1,037,790.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP 483,636.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP 1,806,553.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP 1,020,451.67 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP 986,224.44 City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP 1,002,594.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP 950,777.78 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP 693,623.00 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP 2,004,992.00 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP 1,990,148.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP 790,703.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP 500,000.00 USD 01/06/2026 CORP 511,711.67 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL SERVICES CORP 1,000,000.00 USD 11/15/2029 CORP 1,032,665.56 Exposure - Security Type City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 16 Attachment "4"
44 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 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP 1,862,751.11 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP 1,043,616.39 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP 1,457,592.50 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP 1,819,551.11 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP 789,718.22 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP 942,416.67 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP 969,861.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP 1,026,751.67 City of Escondido 437076DC3 HOME DEPOT INC 3,000,000.00 USD 06/25/2029 CORP 3,080,255.00 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP 681,160.67 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP 990,487.78 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP 1,064,967.67 City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP 2,093,633.33 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP 971,798.33 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP 676,074.67 City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD 10/01/2029 CORP 965,605.00 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP 178,396.50 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP 644,209.58 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP 2,001,882.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP 200,605.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP 441,332.22 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP 2,431,844.13 City of Escondido --- --- 40,975,000.00 USD 08/20/2028 CORP 40,646,384.15 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 10,753,512.02 USD 12/31/2025 MMFUND 10,753,512.02 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 10,753,512.02 USD 12/31/2025 MMFUND 10,753,512.02 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 956,643.33 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND 955,179.17 City of Escondido --- --- 2,000,000.00 USD 09/29/2027 AGCY BOND 1,911,822.50 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 308,990.95 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI 308,990.95 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido --- --- 177,258,512.02 USD 01/12/2028 --- 176,420,083.58 Exposure - Security Type City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 17 Attachment "4"
45 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 1,886,767.95 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV Government 3,972,949.28 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV Government 2,065,623.94 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV Government 2,947,935.24 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV Government 1,153,862.02 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV Government 1,996,572.93 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV Government 1,849,691.52 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV Government 2,871,011.44 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV Government 1,908,458.59 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV Government 1,896,638.90 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV Government 644,335.19 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV Government 1,278,680.70 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV Government 1,598,350.87 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV Government 998,969.29 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV Government 799,175.43 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV Government 948,798.59 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV Government 2,989,466.69 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV Government 398,595.56 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV Government 1,990,672.42 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV Government 1,661,770.89 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV Government 2,373,958.42 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV Government 355,321.50 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV Government 2,023,358.55 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV Government 2,834,324.92 Exposure - Market Sector City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 18 Attachment "4"
46 Item5.

Industrial
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV Government 4,909,083.98 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV Government 392,726.72 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV Government 981,816.80 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV Government 490,908.40 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV Government 1,990,119.89 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV Government 2,928,262.75 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV Government 1,978,379.56 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV Government 2,967,569.34 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV Government 2,990,189.34 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV Government 1,000,298.15 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV Government 1,000,298.15 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV Government 1,004,958.09 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV Government 1,988,576.19 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV Government 2,036,549.83 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV Government 1,018,274.92 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV Government 3,027,861.13 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV Government 4,030,908.18 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV Government 1,024,221.16 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV Government 2,048,442.32 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV Government 5,060,558.38 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV Government 1,006,034.48 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV Government 2,012,068.95 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV Government 2,012,073.63 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV Government 1,004,706.51 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV Government 5,016,517.96 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV Government 2,024,120.99 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV Government 3,036,181.49 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV Government 3,097,386.68 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV Government 2,042,510.27 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV Government 3,121,219.86 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV Government 3,018,490.77 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV Government 2,012,327.18 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV Government 1,027,569.15 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV Government 3,034,034.75 City of Escondido 91282CNY3 UNITED STATES TREASURY 3,000,000.00 USD 09/15/2028 US GOV Government 3,018,837.18 City of Escondido --- UNITED STATES TREASURY 123,220,000.00 USD 01/07/2028 US GOV Government 122,799,373.96 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 1,037,790.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP Industrial 483,636.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP Industrial 1,806,553.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP Industrial 1,020,451.67 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP Industrial 986,224.44 City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP Industrial 1,002,594.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP Industrial 950,777.78 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP Industrial 693,623.00 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP Industrial 1,990,148.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP Industrial 790,703.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP 500,000.00 USD 01/06/2026 CORP Industrial 511,711.67 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL SERVICES CORP 1,000,000.00 USD 11/15/2029 CORP Industrial 1,032,665.56 Exposure - Market Sector City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 19 Attachment "4"
47 Item5.

Cash
Financial
Agency
Municipal
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP Industrial 1,862,751.11 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP Industrial 1,457,592.50 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP Industrial 1,819,551.11 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP Industrial 789,718.22 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP Industrial 942,416.67 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP Industrial 969,861.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP Industrial 1,026,751.67 City of Escondido 437076DC3 HOME DEPOT INC 3,000,000.00 USD 06/25/2029 CORP Industrial 3,080,255.00 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Industrial 681,160.67 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP Industrial 990,487.78 City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP Industrial 2,093,633.33 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP Industrial 971,798.33 City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD 10/01/2029 CORP Industrial 965,605.00 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP Industrial 178,396.50 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP Industrial 644,209.58 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP Industrial 2,001,882.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP Industrial 200,605.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP Industrial 441,332.22 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Industrial 2,431,844.13 City of Escondido --- --- 36,305,000.00 USD 08/10/2028 CORP Industrial 35,856,733.43 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 10,753,512.02 USD 12/31/2025 MMFUND Cash 10,753,512.02 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 10,753,512.02 USD 12/31/2025 MMFUND Cash 10,753,512.02 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 2,004,992.00 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Financial 1,043,616.39 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP Financial 1,064,967.67 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Financial 676,074.67 City of Escondido --- --- 4,670,000.00 USD 11/05/2028 CORP Financial 4,789,650.72 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 956,643.33 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND Agency 955,179.17 City of Escondido --- --- 2,000,000.00 USD 09/29/2027 AGCY BOND Agency 1,911,822.50 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 308,990.95 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI Municipal 308,990.95 Exposure - Market Sector City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 20 Attachment "4"
48 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 --- --- 177,258,512.02 USD 01/12/2028 --- --- 176,420,083.58 Exposure - Market Sector City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 21 Attachment "4"
49 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 United States 1,886,767.95 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV United States United States 3,972,949.28 City of Escondido 9128286A3 UNITED STATES TREASURY 2,045,000.00 USD 01/31/2026 US GOV United States United States 2,065,623.94 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV United States United States 2,947,935.24 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV United States United States 1,153,862.02 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV United States United States 1,996,572.93 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV United States United States 1,849,691.52 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV United States United States 2,871,011.44 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV United States United States 1,908,458.59 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV United States United States 1,896,638.90 City of Escondido 91282CBH3 UNITED STATES TREASURY 645,000.00 USD 01/31/2026 US GOV United States United States 644,335.19 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,280,000.00 USD 01/31/2026 US GOV United States United States 1,278,680.70 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,600,000.00 USD 01/31/2026 US GOV United States United States 1,598,350.87 City of Escondido 91282CBH3 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2026 US GOV United States United States 998,969.29 City of Escondido 91282CBH3 UNITED STATES TREASURY 800,000.00 USD 01/31/2026 US GOV United States United States 799,175.43 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV United States United States 948,798.59 City of Escondido 91282CBQ3 UNITED STATES TREASURY 3,000,000.00 USD 02/28/2026 US GOV United States United States 2,989,466.69 City of Escondido 91282CBQ3 UNITED STATES TREASURY 400,000.00 USD 02/28/2026 US GOV United States United States 398,595.56 City of Escondido 91282CBT7 UNITED STATES TREASURY 2,000,000.00 USD 03/31/2026 US GOV United States United States 1,990,672.42 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV United States United States 1,661,770.89 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV United States United States 2,373,958.42 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV United States United States 355,321.50 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV United States United States 2,023,358.55 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV United States United States 2,834,324.92 Exposure - Issuer Concentration City of Escondido (299155) As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 22 Attachment "4"
50 Item5.
(X9USDBRD2) BLAKCROCK
The Home Depot, Inc.

Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV United States United States 4,909,083.98 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV United States United States 392,726.72 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV United States United States 981,816.80 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV United States United States 490,908.40 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV United States United States 1,990,119.89 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV United States United States 2,928,262.75 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV United States United States 1,978,379.56 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV United States United States 2,967,569.34 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV United States United States 2,990,189.34 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV United States United States 1,000,298.15 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV United States United States 1,000,298.15 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV United States United States 1,004,958.09 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV United States United States 1,988,576.19 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV United States United States 2,036,549.83 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV United States United States 1,018,274.92 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV United States United States 3,027,861.13 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV United States United States 4,030,908.18 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV United States United States 1,024,221.16 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV United States United States 2,048,442.32 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV United States United States 5,060,558.38 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV United States United States 1,006,034.48 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV United States United States 2,012,068.95 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV United States United States 2,012,073.63 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV United States United States 1,004,706.51 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV United States United States 5,016,517.96 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV United States United States 2,024,120.99 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV United States United States 3,036,181.49 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV United States United States 3,097,386.68 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV United States United States 2,042,510.27 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV United States United States 3,121,219.86 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV United States United States 3,018,490.77 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV United States United States 2,012,327.18 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV United States United States 1,027,569.15 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV United States United States 3,034,034.75 City of Escondido 91282CNY3 UNITED STATES TREASURY 3,000,000.00 USD 09/15/2028 US GOV United States United States 3,018,837.18 City of Escondido --- UNITED STATES TREASURY 123,220,000.00 USD 01/07/2028 US GOV United States United States 122,799,373.96 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
10,753,512.02 USD 12/31/2025 MMFUND BLAKCROCK (X9USDBRD2) BLAKCROCK 10,753,512.02 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
10,753,512.02 USD 12/31/2025 MMFUND BLAKCROCK (X9USDBRD2) BLAKCROCK 10,753,512.02 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. 969,861.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 1,026,751.67 City of Escondido 437076DC3 HOME DEPOT INC 3,000,000.00 USD 06/25/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 3,080,255.00 Exposure - Issuer Concentration City of Escondido (299155) As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 23 Attachment "4"
51 Item5.

Amazon.com, Inc.

UnitedHealth Group Incorporated
Waste Management, Inc.

Caterpillar Inc.

Johnson & Johnson
The Bank of New York Mellon Corporation
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido --- HOME DEPOT INC 5,000,000.00 USD 06/23/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 5,076,867.78 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. 483,636.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP Amazon.com, Inc. Amazon.com, Inc. 1,806,553.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP Amazon.com, Inc. Amazon.com, Inc. 1,020,451.67 City of Escondido --- AMAZON.COM INC 3,500,000.00 USD 03/18/2029 CORP Amazon.com, Inc. Amazon.com, Inc. 3,310,641.67 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 2,001,882.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 200,605.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 441,332.22 City of Escondido --- UNITEDHEALTH GROUP INC 2,640,000.00 USD 03/11/2028 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 2,643,820.00 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. 2,431,844.13 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Waste Management, Inc. Waste Management, Inc. 2,431,844.13 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. 790,703.56 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL SERVICES CORP
500,000.00 USD 01/06/2026 CORP Caterpillar Financial Services Corporation Caterpillar Inc. 511,711.67 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL SERVICES CORP
1,000,000.00 USD 11/15/2029 CORP Caterpillar Financial Services Corporation Caterpillar Inc. 1,032,665.56 City of Escondido --- CATERPILLAR FINANCIAL SERVICES
CORP
2,300,000.00 USD 01/23/2028 CORP Caterpillar Financial Services Corporation
Caterpillar Inc. 2,335,080.78
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP Johnson & Johnson Johnson & Johnson 2,093,633.33 City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP Johnson & Johnson Johnson & Johnson 2,093,633.33 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 2,004,992.00 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
2,004,992.00
Exposure - Issuer Concentration City of Escondido (299155) As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 24 Attachment "4"
52 Item5.

Berkshire Hathaway Inc.

Apple Inc.

Chevron Corporation
Costco Wholesale Corporation
The Coca-Cola Company
JPMorgan Chase & Co.

Citigroup Inc.

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. 1,990,148.89 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. 1,990,148.89 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP Apple Inc. Apple Inc. 1,002,594.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP Apple Inc. Apple Inc. 950,777.78 City of Escondido --- APPLE INC 2,000,000.00 USD 07/26/2027 CORP Apple Inc. Apple Inc. 1,953,371.94 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 1,862,751.11 City of Escondido 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP Chevron Corporation Chevron Corporation 1,862,751.11 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 1,819,551.11 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP Costco Wholesale Corporation Costco Wholesale Corporation 1,819,551.11 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 1,457,592.50 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP The Coca-Cola Company The Coca-Cola Company 1,457,592.50 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. 1,064,967.67 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP JPMorgan Chase & Co. JPMorgan Chase & Co. 1,064,967.67 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. 1,043,616.39 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Citibank, N.A. Citigroup Inc. 1,043,616.39 Exposure - Issuer Concentration City of Escondido (299155) As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 25 Attachment "4"
53 Item5.

Adobe Inc.

International Business Machines Corporation
Honda Motor Co., Ltd.

Mastercard Incorporated
PayPal Holdings, Inc.

Farm Credit System
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 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP Adobe Inc. Adobe Inc. 1,037,790.00 City of Escondido 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP Adobe Inc. Adobe Inc. 1,037,790.00 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
990,487.78
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
990,487.78
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. 986,224.44 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. 986,224.44 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 971,798.33 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP Mastercard Incorporated Mastercard Incorporated 971,798.33 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD 10/01/2029 CORP PayPal Holdings, Inc. PayPal Holdings, Inc. 965,605.00 City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD 10/01/2029 CORP PayPal Holdings, Inc. PayPal Holdings, Inc. 965,605.00 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 956,643.33
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 956,643.33
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 955,179.17 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 955,179.17 Exposure - Issuer Concentration City of Escondido (299155) As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 26 Attachment "4"
54 Item5.

The Walt Disney Company
Target Corporation
Deere & Company
AstraZeneca PLC
Honeywell International Inc.

Northern Trust Corporation
County of Los Angeles, California
Summary
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 942,416.67 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP The Walt Disney Company The Walt Disney Company 942,416.67 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 178,396.50 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP Target Corporation Target Corporation 644,209.58 City of Escondido 87612EBM7 TARGET CORP 830,000.00 USD 01/15/2027 CORP Target Corporation Target Corporation 822,606.08 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 789,718.22 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP John Deere Capital Corporation Deere & Company 789,718.22 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 693,623.00 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP AstraZeneca Finance LLC AstraZeneca PLC 693,623.00 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. 681,160.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Honeywell International Inc. Honeywell International Inc. 681,160.67 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Northern Trust Corporation Northern Trust Corporation 676,074.67 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Northern Trust Corporation Northern Trust Corporation 676,074.67 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 308,990.95 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 308,990.95 Exposure - Issuer Concentration City of Escondido (299155) As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 27 Attachment "4"
55 Item5.

* 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 --- --- 177,258,512.02 USD 01/12/2028 --- --- --- 176,420,083.58 Exposure - Issuer Concentration City of Escondido (299155) As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 28 Attachment "4"
56 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 11/01/2025 11/28/2025 0.495% 0.279% 0.216%
Prior Quarter 07/01/2025 09/30/2025 1.202% 0.898% 0.303% Prior Year 12/30/2023 12/31/2024 4.201% 3.017% 1.184%
Trailing Month 12/01/2025 12/31/2025 0.287% 0.303% -0.016% Trailing Quarter 10/01/2025 12/31/2025 1.116% 0.917% 0.199% Trailing Year 01/01/2025 12/31/2025 5.545% 3.596% 1.949% 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 12/31/2025 Return to Table of Contents Dated: 02/03/2026 29 Attachment "4"
57 Item5.

Compliance Summary

City of Escondido - City Escondido Compliance
Compliant
Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Compliant City of Escondido City Escondido Compliance 60 60 0 Status Account Policy Name Category Name Rule Name Days In Violation
Actual Value Actual Value
without
Resolutions
Limit Value Notes Resolutions
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments U.S. Treasury Obligations & Agency Securities
0 70.690 70.690 100.000 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 69.606 69.606 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Bank Deposits 0 2.715 2.715 100.000 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 6.095 6.095 100.000 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 19.291 19.291 30.000 N N
Status City of Escondido (299155)
As of 12/31/2025 Return to Table of Contents Dated: 02/03/2026 30 Attachment "4"
58 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 6.095 6.095 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 0.542 0.542 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 6.095 6.095 20.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer concentration for Outstanding Commercial Paper
0 --- --- 10.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Short-Term Investment Shall be 25% of General Fund
0 --- --- 25.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for U.S. Treasury Obligations
0 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for U.S. Agency Securities
0 4.997 5.052 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 12/31/2025 Return to Table of Contents Dated: 02/03/2026 31 Attachment "4"
59 Item5.

Policies: .

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

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
CE
City of Escondido
X9USDBRD2

BLACKROCK FED TRST DOLR SHR FD
102
10,753,512.02
USD
MMFUND
CE
---
Y
Y

0.00 12,109,511.66
8,843,758.92

0.00 -10,199,758.56

0.00 0.00
10,753,512.02

0.00 0.00

0.00 61,473.92
61,473.92

0.00 0.00
61,473.92
CE
City of Escondido
X9USDBRD2

BLACKROCK FED TRST DOLR SHR FD
102
10,753,512.02
USD
MMFUND
CE
---
Y
Y

0.00 12,109,511.66
8,843,758.92

0.00 -10,199,758.56

0.00 0.00
10,753,512.02

0.00 0.00

0.00 61,473.92
61,473.92

0.00 0.00
61,473.92
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 1,007,543.64

0.00 0.00

0.00 1,007,025.83
-517.81

0.00 0.00
23,600.00

0.00 0.00

0.00 0.00
11,600.00
24,000.00
12,000.00

0.00 0.00
11,482.19
LT
City of Escondido
023135BR6
AMAZON.COM INC
500,000.00
USD
CORP
LT
WA
Y
Y

0.00 471,237.25

0.00 0.00

0.00 475,417.74
4,180.49

0.00 0.00
1,966.67

0.00 0.00

0.00 0.00
466.67
3,000.00
1,500.00

0.00 0.00
5,680.49
LT
City of Escondido
023135BS4
AMAZON.COM INC
2,000,000.00
USD
CORP
LT
WA
Y
Y

0.00 1,769,747.50

0.00 0.00

0.00 1,781,020.82
11,273.31

0.00 0.00
9,833.33

0.00 0.00

0.00 0.00
2,333.33
15,000.00
7,500.00

0.00 0.00
18,773.31
LT
City of Escondido
023135CP9
AMAZON.COM INC
1,000,000.00
USD
CORP
LT
WA
Y
Y

0.00 1,002,412.23

0.00 0.00

0.00 1,002,136.54
-275.69

0.00 0.00
15,166.67

0.00 0.00

0.00 0.00
3,791.67
22,750.00
11,375.00

0.00 0.00
11,099.31
LT
City of Escondido
037833EH9

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

0.00 910,634.99

0.00 0.00

0.00 918,006.05
7,371.06

0.00 0.00
2,177.78

0.00 0.00

0.00 0.00
5,677.78

0.00 3,500.00

0.00 0.00
10,871.06
LT
City of Escondido
06406RBG1

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

0.00 1,979,863.46

0.00 0.00

0.00 1,982,740.49
2,877.04

0.00 0.00
23,952.00

0.00 0.00

0.00 0.00
3,992.00
39,920.00
19,960.00

0.00 0.00
22,837.04
LT
City of Escondido
12189LBA8

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

0.00 1,970,941.32

0.00 0.00

0.00 1,975,093.05
4,151.73

0.00 0.00
19,138.89

0.00 0.00

0.00 0.00
2,888.89
32,500.00
16,250.00

0.00 0.00
20,401.73
LT
City of Escondido
14913R2U0

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

0.00 798,586.49

0.00 0.00

0.00 798,861.95
275.46

0.00 0.00
3,135.56

0.00 0.00

0.00 0.00
6,535.56

0.00 3,400.00

0.00 0.00
3,675.46
LT
City of Escondido
14913UAU4

CATERPILLAR FINANCIAL SERVICES
CORP
1,000,000.00
USD
CORP
LT
TN
Y
Y

0.00 0.00
1,030,000.00

0.00 0.00

0.00 0.00
1,028,452.10
-1,547.90

0.00 0.00

0.00 18,669.44

0.00 0.00

0.00 6,005.56
23,500.00
10,836.12

0.00 0.00
9,288.22
LT
City of Escondido
166764BY5

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

0.00 1,825,333.81

0.00 0.00

0.00 1,834,051.34
8,717.53

0.00 0.00
17,391.11

0.00 0.00

0.00 0.00
6,211.11
22,360.00
11,180.00

0.00 0.00
19,897.53
LT
City of Escondido
17325FBK3

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

0.00 1,006,788.32

0.00 0.00

0.00 1,006,375.68
-412.64

0.00 0.00
7,391.39

0.00 0.00

0.00 0.00
19,486.39

0.00 12,095.00

0.00 0.00
11,682.36
LT
City of Escondido
191216CU2

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

0.00 1,424,085.15

0.00 0.00

0.00 1,435,175.22
11,090.07

0.00 0.00
7,250.00

0.00 0.00

0.00 0.00
1,812.50
10,875.00
5,437.50

0.00 0.00
16,527.57
LT
City of Escondido
22160KAP0

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

0.00 1,781,743.96

0.00 0.00

0.00 1,792,831.83
11,087.86

0.00 0.00
14,311.11

0.00 0.00

0.00 0.00
6,311.11
16,000.00
8,000.00

0.00 0.00
19,087.86
LT
City of Escondido
24422EWA3

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

0.00 798,811.81

0.00 0.00

0.00 799,041.93
230.12

0.00 0.00
3,022.22

0.00 0.00

0.00 0.00
6,422.22

0.00 3,400.00

0.00 0.00
3,630.12
GAAP GL Income Detail City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 33 Attachment "4"
61 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
254687FL5

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

0.00 913,177.14

0.00 0.00

0.00 918,378.70
5,201.55

0.00 0.00
1,666.67

0.00 0.00

0.00 0.00
6,666.67

0.00 5,000.00

0.00 0.00
10,201.55
LT
City of Escondido
3133EMAC6

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

AGCY BOND
LT
NJ
N
Y

0.00 939,858.45

0.00 0.00

0.00 947,378.88
7,520.43

0.00 0.00
208.33

0.00 0.00

0.00 0.00
2,083.33

0.00 1,875.00

0.00 0.00
9,395.43
LT
City of Escondido
3135G05Y5

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
1,000,000.00
USD

AGCY BOND
LT
DC
Y
Y

0.00 929,305.56

0.00 0.00

0.00 937,851.61
8,546.06

0.00 0.00
3,604.17

0.00 0.00

0.00 0.00
1,729.17
3,750.00
1,875.00

0.00 0.00
10,421.06
LT
City of Escondido
3136GADZ9

FEDERAL NATIONAL MORTGAGE

ASSOCIATION

0.00 USD

AGCY BOND
LT
DC
Y
Y

0.00 3,000,000.00

0.00 0.00
-3,000,000.00

0.00 0.00

0.00 0.00
2,625.00

0.00 0.00

0.00 33,750.00
31,125.00

0.00 0.00
31,125.00
LT
City of Escondido
437076BY7

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

0.00 949,664.72

0.00 0.00

0.00 952,820.59
3,155.87

0.00 0.00
8,686.11

0.00 0.00

0.00 0.00
1,311.11
14,750.00
7,375.00

0.00 0.00
10,530.87
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 12,666.67

0.00 0.00

0.00 0.00
791.67
23,750.00
11,875.00

0.00 0.00
11,875.00
LT
City of Escondido
437076DC3

HOME DEPOT INC
3,000,000.00
USD
CORP
LT
GA
Y
Y

0.00 0.00
3,088,500.00

0.00 0.00

0.00 0.00
3,083,338.69
-5,161.31

0.00 0.00

0.00 40,770.83

0.00 0.00

0.00 2,375.00
71,250.00
32,854.17

0.00 0.00
27,692.87
LT
City of Escondido
438516CE4

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

0.00 690,393.70

0.00 0.00

0.00 692,097.58
1,703.87

0.00 0.00
641.67

0.00 0.00

0.00 0.00
2,566.67

0.00 1,925.00

0.00 0.00
3,628.87
LT
City of Escondido
459200KM2

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

0.00 996,483.54

0.00 0.00

0.00 997,123.11
639.57

0.00 0.00
3,177.78

0.00 0.00

0.00 0.00
8,677.78

0.00 5,500.00

0.00 0.00
6,139.57
LT
City of Escondido
46647PDX1

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

0.00 1,040,556.87

0.00 0.00

0.00 1,037,412.97
-3,143.91

0.00 0.00
26,715.17

0.00 0.00

0.00 0.00
11,497.67
30,435.00
15,217.50

0.00 0.00
12,073.59
LT
City of Escondido
478160DJ0

JOHNSON & JOHNSON
2,000,000.00
USD
CORP
LT
NJ
Y
Y

0.00 0.00
2,069,040.00

0.00 0.00

0.00 0.00
2,065,601.92
-3,438.08

0.00 0.00

0.00 9,661.11

0.00 0.00

0.00 31,333.33

0.00 21,672.22

0.00 0.00
18,234.14
LT
City of Escondido
57636QAM6

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

0.00 942,471.95

0.00 0.00

0.00 946,113.55
3,641.60

0.00 0.00
9,833.33

0.00 0.00

0.00 0.00
2,458.33
14,750.00
7,375.00

0.00 0.00
11,016.60
LT
City of Escondido
665859AW4

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

0.00 672,150.24

0.00 0.00

0.00 671,805.36
-344.88

0.00 0.00
10,496.67

0.00 0.00

0.00 0.00
3,796.67
13,400.00
6,700.00

0.00 0.00
6,355.12
LT
City of Escondido
70450YAE3

PAYPAL HOLDINGS INC
1,000,000.00
USD
CORP
LT
CA
Y
Y

0.00 0.00
956,110.00

0.00 0.00

0.00 0.00
958,508.82
2,398.82

0.00 0.00

0.00 554.17

0.00 0.00

0.00 7,125.00

0.00 6,570.83

0.00 0.00
8,969.65
LT
City of Escondido
87612EBM7

TARGET CORP
180,000.00
USD
CORP
LT
MN
Y
Y

0.00 179,918.55

0.00 0.00

0.00 179,934.18

15.63 0.00

0.00 741.00

0.00 0.00

0.00 0.00
1,618.50

0.00 877.50

0.00 0.00
893.13
LT
City of Escondido
87612EBM7

TARGET CORP
650,000.00
USD
CORP
LT
MN
Y
Y

0.00 650,367.35

0.00 0.00

0.00 650,292.75
-74.60

0.00 0.00
2,675.83

0.00 0.00

0.00 0.00
5,844.58

0.00 3,168.75

0.00 0.00
3,094.15
LT
City of Escondido
9128285M8

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

0.00 3,866,326.09

0.00 0.00

0.00 3,876,481.39
10,155.30

0.00 0.00
47,214.67

0.00 0.00

0.00 0.00
16,229.28
62,500.00
31,514.61

0.00 0.00
41,669.91
LT
City of Escondido
9128286B1

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

0.00 2,814,123.51

0.00 0.00

0.00 2,826,942.49
12,818.97

0.00 0.00
10,057.74

0.00 0.00

0.00 0.00
29,745.24

0.00 19,687.50

0.00 0.00
32,506.47
LT
City of Escondido
912828V98

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

0.00 1,149,297.62

0.00 0.00

0.00 1,151,216.37
1,918.75

0.00 0.00
3,333.42

0.00 0.00

0.00 0.00
9,858.42

0.00 6,525.00

0.00 0.00
8,443.75
LT
City of Escondido
912828Z94

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

0.00 1,795,301.61

0.00 0.00

0.00 1,806,058.19
10,756.57

0.00 0.00
3,831.52

0.00 0.00

0.00 0.00
11,331.52

0.00 7,500.00

0.00 0.00
18,256.57
GAAP GL Income Detail City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 34 Attachment "4"
62 Item5.

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

0.00 2,799,186.69

0.00 0.00

0.00 2,826,839.35
27,652.66

0.00 0.00
3,790.76

0.00 0.00

41.44 7,500.00
3,750.68

0.00 0.00
31,403.34
LT
City of Escondido
91282CAD3

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

0.00 1,887,778.11

0.00 0.00

0.00 1,902,656.19
14,878.07

0.00 0.00
1,263.59

0.00 0.00

0.00 0.00
3,138.59

0.00 1,875.00

0.00 0.00
16,753.07
LT
City of Escondido
91282CAY7

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

0.00 1,853,555.17

0.00 0.00

0.00 1,869,912.96
16,357.79

0.00 0.00
4,200.82

0.00 0.00

0.00 0.00
1,098.90
6,250.00
3,148.08

0.00 0.00
19,505.87
LT
City of Escondido
91282CBJ9

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

0.00 918,116.84

0.00 0.00

0.00 926,484.82
8,367.98

0.00 0.00
1,263.59

0.00 0.00

0.00 0.00
3,138.59

0.00 1,875.00

0.00 0.00
10,242.98
LT
City of Escondido
91282CDF5

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

0.00 2,753,913.10

0.00 0.00

0.00 2,772,963.96
19,050.85

0.00 0.00
17,262.23

0.00 0.00

0.00 0.00
7,064.92
20,625.00
10,427.69

0.00 0.00
29,478.54
LT
City of Escondido
91282CDG3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 499,486.60

0.00 0.00

0.00 -499,525.28

0.00 0.00

38.68 0.00

0.00 2,353.94

0.00 0.00

0.00 -2,812.50

0.00 0.00
458.56

0.00 0.00
497.24
LT
City of Escondido
91282CDG3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 4,996,533.31

0.00 0.00

0.00 -4,996,794.54

0.00 0.00
261.23

0.00 0.00
23,539.40

0.00 0.00

0.00 -28,125.00

0.00 0.00
4,585.60

0.00 0.00
4,846.83
LT
City of Escondido
91282CDG3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 396,643.73

0.00 0.00

0.00 -396,895.41

0.00 0.00
251.68

0.00 0.00
1,883.15

0.00 0.00

0.00 -2,250.00

0.00 0.00
366.85

0.00 0.00
618.52
LT
City of Escondido
91282CDG3

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 973,526.64

0.00 0.00

0.00 -975,488.79

0.00 0.00
1,962.16

0.00 0.00
4,707.88

0.00 0.00

0.00 -5,625.00

0.00 0.00
917.12

0.00 0.00
2,879.28
LT
City of Escondido
91282CEN7

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

0.00 1,948,880.01

0.00 0.00

0.00 1,956,833.95
7,953.94

0.00 0.00
23,016.30

0.00 0.00

0.00 0.00
9,419.89
27,500.00
13,903.59

0.00 0.00
21,857.52
LT
City of Escondido
91282CES6

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

0.00 2,850,365.69

0.00 0.00

0.00 2,859,920.48
9,554.79

0.00 0.00
27,725.41

0.00 0.00

0.00 0.00
7,252.75
41,250.00
20,777.34

0.00 0.00
30,332.12
LT
City of Escondido
91282CEV9

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

0.00 1,931,659.55

0.00 0.00

0.00 1,935,872.06
4,212.51

0.00 0.00
16,426.63

0.00 0.00

0.00 0.00
179.56
32,500.00
16,252.93

0.00 0.00
20,465.44
LT
City of Escondido
91282CEV9

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

0.00 2,899,127.81

0.00 0.00

0.00 2,905,347.47
6,219.66

0.00 0.00
24,639.95

0.00 0.00

0.00 0.00
269.34
48,750.00
24,379.39

0.00 0.00
30,599.05
LT
City of Escondido
91282CEW7

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

0.00 2,951,530.33

0.00 0.00

0.00 2,958,222.36
6,692.03

0.00 0.00
24,639.95

0.00 0.00

0.00 0.00
269.34
48,750.00
24,379.39

0.00 0.00
31,071.42
LT
City of Escondido
91282CFB2

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

0.00 972,423.20

0.00 0.00

0.00 976,056.57
3,633.37

0.00 0.00
4,633.15

0.00 0.00

0.00 0.00
11,508.15

0.00 6,875.00

0.00 0.00
10,508.37
LT
City of Escondido
91282CFB2

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

0.00 976,068.21

0.00 0.00

0.00 979,226.79
3,158.58

0.00 0.00
4,633.15

0.00 0.00

0.00 0.00
11,508.15

0.00 6,875.00

0.00 0.00
10,033.58
LT
City of Escondido
91282CFH9

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

0.00 977,441.36

0.00 0.00

0.00 980,298.13
2,856.78

0.00 0.00
2,676.11

0.00 0.00

0.00 0.00
10,618.09

0.00 7,941.99

0.00 0.00
10,798.77
LT
City of Escondido
91282CFJ5

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

0.00 1,920,380.43

0.00 0.00

0.00 1,925,100.09
4,719.66

0.00 0.00
5,352.21

0.00 0.00

0.00 0.00
21,236.19

0.00 15,883.98

0.00 0.00
20,603.63
LT
City of Escondido
91282CFU0

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

0.00 1,996,223.30

0.00 0.00

0.00 1,996,665.62
442.32

0.00 0.00
34,524.46

0.00 0.00

0.00 0.00
14,129.83
41,250.00
20,855.38

0.00 0.00
21,297.70
LT
City of Escondido
91282CFU0

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

0.00 998,318.65

0.00 0.00

0.00 998,515.58
196.94

0.00 0.00
17,262.23

0.00 0.00

0.00 0.00
7,064.92
20,625.00
10,427.69

0.00 0.00
10,624.62
LT
City of Escondido
91282CGB1

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

0.00 2,940,731.39

0.00 0.00

0.00 2,943,929.00
3,197.60

0.00 0.00
29,378.40

0.00 0.00

0.00 0.00
321.13
58,125.00
29,067.74

0.00 0.00
32,265.34
GAAP GL Income Detail City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 35 Attachment "4"
63 Item5.

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

0.00 3,975,812.31

0.00 0.00

0.00 3,978,382.73
2,570.43

0.00 0.00
39,171.20

0.00 0.00

0.00 0.00
428.18
77,500.00
38,756.98

0.00 0.00
41,327.41
LT
City of Escondido
91282CGP0

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

0.00 989,240.61

0.00 0.00

0.00 990,321.94
1,081.33

0.00 0.00
3,425.41

0.00 0.00

0.00 0.00
13,591.16

0.00 10,165.75

0.00 0.00
11,247.07
LT
City of Escondido
91282CGP0

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

0.00 1,997,263.28

0.00 0.00

0.00 1,997,539.51
276.22

0.00 0.00
6,850.83

0.00 0.00

0.00 0.00
27,182.32

0.00 20,331.49

0.00 0.00
20,607.72
LT
City of Escondido
91282CGT2

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

0.00 4,940,615.10

0.00 0.00

0.00 4,946,413.91
5,798.81

0.00 0.00
497.94

0.00 0.00

0.00 0.00
46,308.38

0.00 45,810.44

0.00 0.00
51,609.25
LT
City of Escondido
91282CHA2

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

0.00 984,004.83

0.00 0.00

0.00 985,500.29
1,495.46

0.00 0.00
14,646.74

0.00 0.00

0.00 0.00
5,994.48
17,500.00
8,847.74

0.00 0.00
10,343.20
LT
City of Escondido
91282CHA2

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

0.00 1,959,880.04

0.00 0.00

0.00 1,963,623.97
3,743.93

0.00 0.00
29,293.48

0.00 0.00

0.00 0.00
11,988.95
35,000.00
17,695.47

0.00 0.00
21,439.40
LT
City of Escondido
91282CHE4

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

0.00 1,973,776.77

0.00 0.00

0.00 1,976,129.44
2,352.67

0.00 0.00
24,364.75

0.00 0.00

0.00 0.00
6,373.63
36,250.00
18,258.87

0.00 0.00
20,611.54
LT
City of Escondido
91282CHJ3

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

0.00 4,946,193.92

0.00 0.00

0.00 4,948,770.74
2,576.82

0.00 0.00
47,384.51

0.00 0.00

0.00 0.00
517.96
93,750.00
46,883.44

0.00 0.00
49,460.27
LT
City of Escondido
91282CHK0

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

0.00 1,977,228.82

0.00 0.00

0.00 1,979,179.91
1,951.09

0.00 0.00
20,217.39

0.00 0.00

0.00 0.00
220.99
40,000.00
20,003.60

0.00 0.00
21,954.69
LT
City of Escondido
91282CHK0

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

0.00 2,995,358.18

0.00 0.00

0.00 2,995,757.98
399.81

0.00 0.00
30,326.09

0.00 0.00

0.00 0.00
331.49
60,000.00
30,005.40

0.00 0.00
30,405.21
LT
City of Escondido
91282CHQ7

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

0.00 2,954,752.21

0.00 0.00

0.00 2,958,506.08
3,753.87

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
34,691.37
LT
City of Escondido
91282CJA0

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

0.00 2,997,781.95

0.00 0.00

0.00 2,997,958.39
176.45

0.00 0.00
381.18

0.00 0.00

0.00 0.00
35,449.86

0.00 35,068.68

0.00 0.00
35,245.13
LT
City of Escondido
91282CJR3

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

0.00 2,953,172.92

0.00 0.00

0.00 2,956,538.71
3,365.79

0.00 0.00
28,430.71

0.00 0.00

0.00 0.00
310.77
56,250.00
28,130.07

0.00 0.00
31,495.86
LT
City of Escondido
91282CJR3

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

0.00 1,966,061.51

0.00 0.00

0.00 1,968,499.11
2,437.59

0.00 0.00
18,953.80

0.00 0.00

0.00 0.00
207.18
37,500.00
18,753.38

0.00 0.00
21,190.97
LT
City of Escondido
91282CKG5

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

0.00 984,011.37

0.00 0.00

0.00 985,089.09
1,077.72

0.00 0.00
113.32

0.00 0.00

0.00 0.00
10,539.15

0.00 10,425.82

0.00 0.00
11,503.54
LT
City of Escondido
91282CLS8

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 2,996,661.45

0.00 0.00

0.00 -2,996,905.87

0.00 0.00
244.43

0.00 0.00
51,786.68

0.00 0.00

0.00 -61,875.00

0.00 0.00
10,088.32

0.00 0.00
10,332.74
LT
City of Escondido
91282CNY3

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

0.00 0.00
2,983,770.00

0.00 0.00

0.00 0.00
2,985,033.97
1,263.97

0.00 0.00

0.00 6,433.01

0.00 0.00

0.00 30,207.18

0.00 23,774.17

0.00 0.00
25,038.14
LT
City of Escondido
91324PDK5

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

0.00 1,979,697.91

0.00 0.00

0.00 1,981,485.54
1,787.63

0.00 0.00
22,672.22

0.00 0.00

0.00 0.00
3,422.22
38,500.00
19,250.00

0.00 0.00
21,037.63
LT
City of Escondido
91324PEG3

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

0.00 199,962.37

0.00 0.00

0.00 199,968.08

5.71 0.00

0.00 2,795.56

0.00 0.00

0.00 0.00
945.56
3,700.00
1,850.00

0.00 0.00
1,855.71
LT
City of Escondido
91324PEG3

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

0.00 441,210.99

0.00 0.00

0.00 441,018.47
-192.52

0.00 0.00
6,150.22

0.00 0.00

0.00 0.00
2,080.22
8,140.00
4,070.00

0.00 0.00
3,877.48
LT
City of Escondido
94106LBX6

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

0.00 2,334,296.67

0.00 0.00

0.00 2,334,392.69

96.02 0.00

0.00 28,253.50

0.00 0.00

0.00 0.00
57,149.13

0.00 28,895.63

0.00 0.00
28,991.65
GAAP GL Income Detail City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 36 Attachment "4"
64 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
---
---
126,935,000.00
USD
---
LT
---
---
Y

0.00 126,266,000.15
10,127,420.00

0.00 -3,000,000.00
-9,865,609.89

0.00 123,820,543.61
292,733.35

0.00 0.00
968,250.49
76,088.56

0.00 0.00
-100,687.50
653,869.98
1,335,455.00
1,045,673.42

0.00 0.00
1,338,406.78
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

0.00 997,093.38

0.00 0.00

0.00 997,876.52
783.13

0.00 0.00
794.44

0.00 0.00

0.00 0.00
4,044.44

0.00 3,250.00

0.00 0.00
4,033.13
ST
City of Escondido
037833BZ2

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

0.00 985,339.08

0.00 0.00

0.00 989,635.96
4,296.88

0.00 0.00
3,879.17

0.00 0.00

0.00 0.00
10,004.17

0.00 6,125.00

0.00 0.00
10,421.88
ST
City of Escondido
04636NAA1

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

0.00 700,091.54

0.00 0.00

0.00 700,051.25
-40.29

0.00 0.00
2,870.00

0.00 0.00

0.00 0.00
770.00
4,200.00
2,100.00

0.00 0.00
2,059.71
ST
City of Escondido
110122DN5

BRISTOL-MYERS SQUIBB CO

0.00 USD
CORP
ST
NJ
Y
Y

0.00 249,942.04

0.00 0.00
-250,000.00

0.00 0.00

0.00 57.96

0.00 0.00
718.75

0.00 0.00

0.00 937.50
218.75

0.00 0.00
276.71
ST
City of Escondido
110122DN5

BRISTOL-MYERS SQUIBB CO

0.00 USD
CORP
ST
NJ
Y
Y

0.00 352,905.07

0.00 0.00
-353,000.00

0.00 0.00

0.00 94.93

0.00 0.00
1,014.88

0.00 0.00

0.00 1,323.75
308.88

0.00 0.00
403.80
ST
City of Escondido
14913R3B1

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

0.00 499,935.54

0.00 0.00

0.00 499,996.68

61.14 0.00

0.00 5,666.67

0.00 0.00

0.00 0.00
11,666.67

0.00 6,000.00

0.00 0.00
6,061.14
ST
City of Escondido
3134GWYS9

FEDERAL HOME LOAN MORTGAGE CORP

0.00 USD

AGCY BOND
ST
VA
Y
Y

0.00 998,629.09

0.00 0.00
-1,000,000.00

0.00 0.00

0.00 1,370.91

0.00 0.00
2,766.67

0.00 0.00

0.00 3,000.00
233.33

0.00 0.00
1,604.24
ST
City of Escondido
3135G06G3

FEDERAL NATIONAL MORTGAGE

ASSOCIATION

0.00 USD

AGCY BOND
ST
DC
Y
Y

0.00 1,124,955.27

0.00 0.00
-1,125,000.00

0.00 0.00

0.00 44.73

0.00 0.00
2,250.00

0.00 0.00

0.00 2,812.50
562.50

0.00 0.00
607.23
ST
City of Escondido
3135G06G3

FEDERAL NATIONAL MORTGAGE

ASSOCIATION

0.00 USD

AGCY BOND
ST
DC
Y
Y

0.00 359,973.75

0.00 0.00
-360,000.00

0.00 0.00

0.00 26.25

0.00 0.00
720.00

0.00 0.00

0.00 900.00
180.00

0.00 0.00
206.25
ST
City of Escondido
544647FC9

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

0.00 310,000.00

0.00 0.00

0.00 310,000.00

0.00 0.00

0.00 1,127.63

0.00 0.00

0.00 0.00
2,255.25

0.00 1,127.63

0.00 0.00
1,127.63
ST
City of Escondido
9128282A7

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

0.00 1,875,377.20

0.00 0.00

0.00 1,882,373.69
6,996.49

0.00 0.00
3,639.95

0.00 0.00

0.00 0.00
10,764.95

0.00 7,125.00

0.00 0.00
14,121.49
ST
City of Escondido
9128286A3

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

0.00 2,034,019.76

0.00 0.00

0.00 2,042,299.94
8,280.18

0.00 0.00
9,044.12

0.00 0.00

0.00 0.00
22,464.44

0.00 13,420.31

0.00 0.00
21,700.49
ST
City of Escondido
912828Y95

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

0.00 1,970,530.23

0.00 0.00

0.00 1,979,293.13
8,762.90

0.00 0.00
6,317.93

0.00 0.00

0.00 0.00
15,692.93

0.00 9,375.00

0.00 0.00
18,137.90
ST
City of Escondido
91282CBC4

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 1,199,869.20

0.00 0.00
-1,200,000.00

0.00 0.00

0.00 130.80

0.00 0.00
1,137.23

0.00 0.00

0.00 2,250.00
1,112.77

0.00 0.00
1,243.57
ST
City of Escondido
91282CBH3

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

0.00 644,324.16

0.00 0.00

0.00 644,833.81
509.65

0.00 0.00
407.51

0.00 0.00

0.00 0.00
1,012.19

0.00 604.69

0.00 0.00
1,114.34
ST
City of Escondido
91282CBH3

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

0.00 1,278,190.94

0.00 0.00

0.00 1,279,555.15
1,364.21

0.00 0.00
808.70

0.00 0.00

0.00 0.00
2,008.70

0.00 1,200.00

0.00 0.00
2,564.21
GAAP GL Income Detail City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 37 Attachment "4"
65 Item5.

Summary
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
91282CBH3

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

0.00 1,596,060.16

0.00 0.00

0.00 1,599,031.19
2,971.03

0.00 0.00
1,010.87

0.00 0.00

0.00 0.00
2,510.87

0.00 1,500.00

0.00 0.00
4,471.03
ST
City of Escondido
91282CBH3

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

0.00 998,969.25

0.00 0.00

0.00 999,746.54
777.28

0.00 0.00
631.79

0.00 0.00

0.00 0.00
1,569.29

0.00 937.50

0.00 0.00
1,714.79
ST
City of Escondido
91282CBH3

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

0.00 798,793.85

0.00 0.00

0.00 799,703.41
909.55

0.00 0.00
505.43

0.00 0.00

0.00 0.00
1,255.43

0.00 750.00

0.00 0.00
1,659.55
ST
City of Escondido
91282CBQ3

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

0.00 2,992,508.20

0.00 0.00

0.00 2,997,103.17
4,594.97

0.00 0.00
1,284.53

0.00 0.00

0.00 0.00
5,096.69

0.00 3,812.15

0.00 0.00
8,407.13
ST
City of Escondido
91282CBQ3

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

0.00 399,344.57

0.00 0.00

0.00 399,746.57
401.99

0.00 0.00
171.27

0.00 0.00

0.00 0.00
679.56

0.00 508.29

0.00 0.00
910.28
ST
City of Escondido
91282CBT7

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

0.00 1,999,085.81

0.00 0.00

0.00 1,999,550.48
464.67

0.00 0.00

41.21 0.00

0.00 0.00

0.00 3,832.42

0.00 3,791.21

0.00 0.00
4,255.88
ST
City of Escondido
91282CCF6

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

0.00 1,679,504.70

0.00 0.00

0.00 1,679,692.28
187.58

0.00 0.00
4,234.43

0.00 0.00

0.00 0.00
1,107.69
6,300.00
3,173.27

0.00 0.00
3,360.85
ST
City of Escondido
91282CCF6

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

0.00 2,380,996.73

0.00 0.00

0.00 2,388,176.85
7,180.11

0.00 0.00
6,049.18

0.00 0.00

0.00 0.00
1,582.42
9,000.00
4,533.24

0.00 0.00
11,713.35
ST
City of Escondido
91282CCJ8

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

0.00 355,338.77

0.00 0.00

0.00 356,885.02
1,546.26

0.00 0.00
796.06

0.00 0.00

8.70 1,575.00
787.64

0.00 0.00
2,333.90
ST
City of Escondido
91282CCJ8

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

0.00 2,053,207.64

0.00 0.00

0.00 2,052,136.69
-1,070.95

0.00 0.00
4,533.12

0.00 0.00

49.55 8,968.75
4,485.18

0.00 0.00
3,414.23
ST
City of Escondido
91282CDG3

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

0.00 0.00

0.00 4,996,794.54

0.00 0.00

0.00 4,997,340.40
545.86

0.00 0.00

0.00 0.00
28,125.00

0.00 0.00
9,633.98
28,125.00
9,633.98

0.00 0.00
10,179.84
ST
City of Escondido
91282CDG3

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

0.00 0.00

0.00 396,895.41

0.00 0.00

0.00 397,423.14
527.73

0.00 0.00

0.00 0.00
2,250.00

0.00 0.00
770.72
2,250.00
770.72

0.00 0.00
1,298.45
ST
City of Escondido
91282CDG3

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

0.00 0.00

0.00 975,488.79

0.00 0.00

0.00 979,637.32
4,148.52

0.00 0.00

0.00 0.00
5,625.00

0.00 0.00
1,926.80
5,625.00
1,926.80

0.00 0.00
6,075.32
ST
City of Escondido
91282CDG3

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

0.00 0.00

0.00 499,525.28

0.00 0.00

0.00 499,606.11

80.83 0.00

0.00 0.00

0.00 2,812.50

0.00 0.00
963.40
2,812.50
963.40

0.00 0.00
1,044.23
ST
City of Escondido
91282CHH7

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

0.00 996,131.99

0.00 0.00

0.00 997,496.00
1,364.01

0.00 0.00
12,172.13

0.00 0.00

0.00 0.00
1,926.51
20,625.00
10,379.38

0.00 0.00
11,743.39
ST
City of Escondido
91282CHU8

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

0.00 2,003,539.70

0.00 0.00

0.00 2,002,537.17
-1,002.52

0.00 0.00
11,175.27

0.00 0.00

0.00 0.00
33,050.27

0.00 21,875.00

0.00 0.00
20,872.48
ST
City of Escondido
91282CLS8

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

0.00 0.00

0.00 2,996,905.87

0.00 0.00

0.00 2,997,430.26
524.39

0.00 0.00

0.00 0.00
61,875.00

0.00 0.00
21,194.75
61,875.00
21,194.75

0.00 0.00
21,719.14
ST
City of Escondido
---
---
39,570,000.00
USD
---
ST
---
---
Y

0.00 33,834,657.63

0.00 9,865,609.89
-4,288,000.00

0.00 0.00
39,469,158.71
56,891.19

0.00 0.00
85,768.92

0.00 100,687.50

0.00 0.00
167,842.78
162,580.00
143,966.35

0.00 0.00
200,857.54
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
GAAP GL Income Detail City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 38 Attachment "4"
66 Item5.

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

0.00 172,210,169.45
18,971,178.92
9,865,609.89
-17,487,758.56
-9,865,609.89

0.00 174,043,214.35
349,624.54

0.00 0.00
1,054,019.42
76,088.56
100,687.50

0.00 -100,687.50
821,712.76
1,559,508.92
1,251,113.70

0.00 0.00
1,600,738.24
GAAP GL Income Detail City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 39 Attachment "4"
67 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 00724PAF6 ADOBE INC 0.00 USD Coupon 10/04/2025 10/04/2025 04/04/2029 --- 0.00 0.00 24,000.00 City of Escondido 023135BR6 AMAZON.COM INC 0.00 USD Coupon 12/03/2025 12/03/2025 06/03/2027 --- 0.00 0.00 3,000.00 City of Escondido 023135BS4 AMAZON.COM INC 0.00 USD Coupon 12/03/2025 12/03/2025 06/03/2030 --- 0.00 0.00 15,000.00 City of Escondido 023135CP9 AMAZON.COM INC 0.00 USD Coupon 12/01/2025 12/01/2025 12/01/2027 --- 0.00 0.00 22,750.00 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 0.00 USD Coupon 11/28/2025 11/28/2025 05/28/2026 --- 0.00 0.00 4,200.00 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON
CORP

0.00 USD Coupon 12/13/2025 12/13/2025 06/13/2028 --- 0.00 0.00 39,920.00 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO 0.00 USD Coupon 11/13/2025 11/13/2025 11/13/2025 --- 0.00 0.00 2,261.25 City of Escondido 110122DN5 BRISTOL-MYERS SQUIBB CO -603,000.00 USD Maturity 11/13/2025 11/13/2025 11/13/2025 100.000 -603,000.00 0.00 603,000.00 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA
FE LLC

0.00 USD Coupon 12/15/2025 12/15/2025 06/15/2027 --- 0.00 0.00 32,500.00 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL

SERVICES CORP
1,000,000.00 USD Buy 10/07/2025 10/08/2025 11/15/2029 103.000 1,030,000.00 0.00 -1,048,669.44 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL

SERVICES CORP

0.00 USD Coupon 11/15/2025 11/15/2025 11/15/2029 --- 0.00 0.00 23,500.00 City of Escondido 166764BY5 CHEVRON CORP 0.00 USD Coupon 11/11/2025 11/11/2025 05/11/2030 --- 0.00 0.00 22,360.00 City of Escondido 191216CU2 COCA-COLA CO 0.00 USD Coupon 12/01/2025 12/01/2025 06/01/2027 --- 0.00 0.00 10,875.00 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 0.00 USD Coupon 10/20/2025 10/20/2025 04/20/2030 --- 0.00 0.00 16,000.00 City of Escondido 3134GWYS9 FEDERAL HOME LOAN MORTGAGE
CORP

0.00 USD Coupon 10/15/2025 10/15/2025 10/15/2025 --- 0.00 0.00 3,000.00 City of Escondido 3134GWYS9 FEDERAL HOME LOAN MORTGAGE
CORP
-1,000,000.00 USD Maturity 10/15/2025 10/15/2025 10/15/2025 100.000 -1,000,000.00 0.00 1,000,000.00 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE

ASSOCIATION

0.00 USD Coupon 10/08/2025 10/08/2025 10/08/2027 --- 0.00 0.00 3,750.00 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE

ASSOCIATION
-1,485,000.00 USD Maturity 11/07/2025 11/07/2025 11/07/2025 100.000 -1,485,000.00 0.00 1,485,000.00 City of Escondido 3135G06G3 FEDERAL NATIONAL MORTGAGE

ASSOCIATION

0.00 USD Coupon 11/07/2025 11/07/2025 11/07/2025 --- 0.00 0.00 3,712.50 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE

ASSOCIATION

0.00 USD Coupon 12/24/2025 12/24/2025 03/24/2028 --- 0.00 0.00 33,750.00 City of Escondido 3136GADZ9 FEDERAL NATIONAL MORTGAGE

ASSOCIATION
-3,000,000.00 USD Call Redemption 12/24/2025 12/24/2025 03/24/2028 100.000 -3,000,000.00 0.00 3,000,000.00 City of Escondido 437076BY7 HOME DEPOT INC 0.00 USD Coupon 12/15/2025 12/15/2025 06/15/2029 --- 0.00 0.00 14,750.00 City of Escondido 437076DC3 HOME DEPOT INC 3,000,000.00 USD Buy 10/07/2025 10/08/2025 06/25/2029 102.950 3,088,500.00 0.00 -3,129,270.83 City of Escondido 437076DC3 HOME DEPOT INC 0.00 USD Coupon 12/25/2025 12/25/2025 06/25/2029 --- 0.00 0.00 95,000.00 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 0.00 USD Coupon 10/23/2025 10/23/2025 10/23/2029 --- 0.00 0.00 30,435.00 City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD Buy 10/07/2025 10/08/2025 03/01/2030 103.452 2,069,040.00 0.00 -2,078,701.11 City of Escondido 57636QAM6 MASTERCARD INC 0.00 USD Coupon 12/01/2025 12/01/2025 06/01/2029 --- 0.00 0.00 14,750.00 City of Escondido 665859AW4 NORTHERN TRUST CORP 0.00 USD Coupon 11/10/2025 11/10/2025 05/10/2027 --- 0.00 0.00 13,400.00 City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD Buy 10/07/2025 10/08/2025 10/01/2029 95.611 956,110.00 0.00 -956,664.17 City of Escondido 9128285M8 UNITED STATES TREASURY 0.00 USD Coupon 11/15/2025 11/15/2025 11/15/2028 --- 0.00 0.00 62,500.00 City of Escondido 912828ZV5 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 06/30/2027 --- 0.00 0.00 7,500.00 City of Escondido 91282CAY7 UNITED STATES TREASURY 0.00 USD Coupon 11/30/2025 11/30/2025 11/30/2027 --- 0.00 0.00 6,250.00 City of Escondido 91282CBC4 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 12/31/2025 --- 0.00 0.00 2,250.00 City of Escondido 91282CBC4 UNITED STATES TREASURY -1,200,000.00 USD Maturity 12/31/2025 12/31/2025 12/31/2025 100.000 -1,200,000.00 0.00 1,200,000.00 City of Escondido 91282CCF6 UNITED STATES TREASURY 0.00 USD Coupon 11/30/2025 11/30/2025 05/31/2026 --- 0.00 0.00 15,300.00 City of Escondido 91282CCJ8 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 06/30/2026 --- 0.00 0.00 10,543.75 City of Escondido 91282CDF5 UNITED STATES TREASURY 0.00 USD Coupon 10/31/2025 10/31/2025 10/31/2028 --- 0.00 0.00 20,625.00 City of Escondido 91282CDG3 UNITED STATES TREASURY 0.00 USD Coupon 10/31/2025 10/31/2025 10/31/2026 --- 0.00 0.00 38,812.50 City of Escondido 91282CEN7 UNITED STATES TREASURY 0.00 USD Coupon 10/31/2025 10/31/2025 04/30/2027 --- 0.00 0.00 27,500.00 City of Escondido 91282CES6 UNITED STATES TREASURY 0.00 USD Coupon 11/30/2025 11/30/2025 05/31/2029 --- 0.00 0.00 41,250.00 City of Escondido 91282CEV9 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 06/30/2029 --- 0.00 0.00 81,250.00 City of Escondido 91282CEW7 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 06/30/2027 --- 0.00 0.00 48,750.00 City of Escondido 91282CFU0 UNITED STATES TREASURY 0.00 USD Coupon 10/31/2025 10/31/2025 10/31/2027 --- 0.00 0.00 61,875.00 City of Escondido 91282CGB1 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 12/31/2029 --- 0.00 0.00 58,125.00 GAAP Transaction Detail City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 40 Attachment "4"
68 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 91282CGC9 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 12/31/2027 --- 0.00 0.00 77,500.00 City of Escondido 91282CHA2 UNITED STATES TREASURY 0.00 USD Coupon 10/31/2025 10/31/2025 04/30/2028 --- 0.00 0.00 52,500.00 City of Escondido 91282CHE4 UNITED STATES TREASURY 0.00 USD Coupon 11/30/2025 11/30/2025 05/31/2028 --- 0.00 0.00 36,250.00 City of Escondido 91282CHH7 UNITED STATES TREASURY 0.00 USD Coupon 12/15/2025 12/15/2025 06/15/2026 --- 0.00 0.00 20,625.00 City of Escondido 91282CHJ3 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 06/30/2030 --- 0.00 0.00 93,750.00 City of Escondido 91282CHK0 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 06/30/2028 --- 0.00 0.00 100,000.00 City of Escondido 91282CJR3 UNITED STATES TREASURY 0.00 USD Coupon 12/31/2025 12/31/2025 12/31/2028 --- 0.00 0.00 93,750.00 City of Escondido 91282CLS8 UNITED STATES TREASURY 0.00 USD Coupon 10/31/2025 10/31/2025 10/31/2026 --- 0.00 0.00 61,875.00 City of Escondido 91282CNY3 UNITED STATES TREASURY 3,000,000.00 USD Buy 10/07/2025 10/08/2025 09/15/2028 99.459 2,983,770.00 0.00 -2,990,203.01 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 0.00 USD Coupon 12/15/2025 12/15/2025 06/15/2028 --- 0.00 0.00 38,500.00 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 0.00 USD Coupon 11/15/2025 11/15/2025 05/15/2027 --- 0.00 0.00 11,840.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 10/08/2025 10/08/2025 12/31/2025 --- 0.00 0.00 -2,820,346.48 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 10/08/2025 10/08/2025 12/31/2025 --- 0.00 0.00 2,820,346.48 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
8,843,758.92 USD Buy --- --- 12/31/2025 1.000 8,843,758.92 0.00 -8,843,758.92 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
-10,199,758.56 USD Sell 10/08/2025 10/08/2025 12/31/2025 1.000 -10,199,758.56 0.00 10,199,758.56 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 10/02/2025 10/02/2025 12/31/2025 --- 0.00 0.00 31,797.51 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 11/04/2025 11/04/2025 12/31/2025 --- 0.00 0.00 15,234.01 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 12/02/2025 12/02/2025 12/31/2025 --- 0.00 0.00 14,442.40 City of Escondido --- --- 1,356,000.36 USD --- --- --- 02/17/2027 --- 1,483,420.36 0.00 0.00 GAAP Transaction Detail City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 41 Attachment "4"
69 Item5.

Limits.

Resolutions.

Notes.

Timestamp,
Username
Account Policy Name Category Name Rule Name Previous Value, New Value
Timestamp,
Username
Account,
Policy Name
Category Name,
Rule Name
Identifier,
Description
Previous Start Date,
New Start Date
Previous End Date,
New End Date
11/10/2025 2:14 PM
[email protected]
City of Escondido
City Escondido Compliance
Maturity
Maximum Maturity for U.S. Agency Securities
91282CHJ3

UNITED STATES TREASURY
---
06/04/2025
---
11/06/2030
11/04/2025 12:12 PM
[email protected]
City of Escondido
City Escondido Compliance
Maturity
Maximum Maturity for U.S. Agency Securities
(Applied to Rule)
---
---
08/01/2025
---
11/04/2025
Timestamp,
Username
Account,
Policy Name
Category Name,
Rule Name
Identifier,
Description
Previous Note,
New Note
11/10/2025 2:14 PM
[email protected]
City of Escondido
City Escondido Compliance
Maturity
Maximum Maturity for U.S. Agency Securities
91282CHJ3

UNITED STATES TREASURY
---
US Treasury was purchased where it was a couple
weeks over the 5 year threshold. Based on current
market conditions at the time, the decision was made to purchase the US Treasury and hold.
11/04/2025 12:12 PM
[email protected]
City of Escondido
City Escondido Compliance
Maturity
Maximum Maturity for U.S. Agency Securities
(Applied to Rule)
---
---
US Treasury was purchased over the 5 year maturity.

Security is currently in the allocated time parameters
Audit City of Escondido (299155)
10/01/2025 - 12/31/2025 Return to Table of Contents Dated: 02/03/2026 42 Attachment "4"
70 Item5.

STAFF REPORT

February 18, 2026
File Number 0430-80

SUBJECT

ALLOCATION OF LIBRARY TRUST FUNDS

DEPARTMENT
Community Services/Library

RECOMMENDATION
Request the City Council adopt Resolution No. 2026-13 to approve the allocation of $40,000 in Library Trust Funds to supplement the collections budget for the remainder of fiscal year 2026.

Staff Recommendation: Approval (Community Services/Library: 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 –Build Trust and Accountability; Financial Stewardship

FISCAL ANALYSIS
There is no impact to the general fund.

PREVIOUS ACTION
None

BACKGROUND
The Library’s annual collections budget has remained fixed at $250,000 since 2017, consistent with the terms of the City’s contract with Library Systems and Services (“LS&S”). Prior to 2017, the Library relied on a combination of funding sources —including the General Fund, capital project funds, State Library allocations, and the Library Trust Fund—to support annual materials purchasing.

Over the past year, the Library Board of Trustees has expres sed ongoing concern regarding the lack of growth in the collections budget. The Board has agendized this issue no fewer than four times, during which the Library Director provided detailed budget reviews, outlined how funds are allocated across collection areas, and gathered Board input on priorities. Those discussions also highlighted the impacts of 71 Item6.

rising materials and processing costs, and the steps staff have taken to mitigate the effects of a stagnant budget.

Although the Library’s annual purchasing maintains a baseline of materials across formats and age groups, several areas of the collection are now constrained by outdated items, worn materials, unmet demand, and limited purchasing power. In recent years, costs for individual items, shipping, and RFI D technology have increased significantly. To stretch existing funds, staff have implemented several cost -saving measures, including shifting hardcovers to paperbacks (reducing cost but increasing replacement frequency), reducing quantities of high‑demand titles (resulting in longer wait lists), participating in rental programs, and limiting access to certain digital databases.

On January 8, 2026, the Library Board of Trustees unanimously voted to recommend supplementing the Library’s collections budget wit h a one -time allocation of $40,000 from the Library Trust Fund for the remainder of Fiscal Year 2025–2026. This supplemental investment is intended to support the reopening of the Main Library in Summer 2026 following completion of the $10 million Building Forward Library Infrastructure Project. The additional funding will allow staff to refresh key parts of the collection, increase high‑demand materials, and replace outdated or worn items in advance of reopening.

Library staff recommend a targeted approach to these supplemental purchases, prioritizing nonfiction, mystery, large print fiction and nonfiction, science fiction, children’s holiday materials, and enhanced digital access.

This action represents a one-time allocation with no ongoing fiscal impact and no additional future costs associated with these purchases.

RESOLUTIONS
a. Resolution No. 2026-13

ATTACHMENTS
a. Attachment “1” – Budget Adjustment
72 Item6.

RESOLUTION NO. 2026-13

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, AUTHORIZING THE MAYOR

TO EXECUTE, ON BEHALF OF THE CITY, A ONE -TIME
ALLOCATION OF $40,000 FROM THE LIBRARY TRUST

FUND TO SUPPLEMENT THE LIBRARY COLLECTIONS
BUDGET FOR FISCAL YEAR 2025/2026

WHEREAS, the Escondido Public Library is committed to providing a diverse, high ‑quality collection of materials that supports literacy, education, lifelong learning, and community enrichment for all residents; and
WHEREAS, the Library’s collections serve as a vital resource for students, job seekers, families, older adults, and avid readers by offering access to current and relevant materials across multiple formats; and
WHEREAS, the Library Board of Trustees recognizes the importance of maintaining a vibrant and responsive collection and has recommended enhancing targeted areas to better meet emerging community needs and interests; and
WHEREAS, the planned reopening of the Main Library in Summer 2026, following completion of the $10 million Building Forward Library Infrastructure Project, presents an opportunity to refresh the collection and offer the community an updated, robust, and engaging library experience; and WHEREAS, the Library Trust Fund provides a d edicated source of support for initiatives that enhance library services, strengthen community access to information, and enrich the overall quality of the collection; and
73 Item6.

WHEREAS, a one‑time allocation of $40,000 from the Library Trust Fund will allow th e Library to increase high ‑demand materials, expand access to digital content, and update popular and well ‑used sections of the collection; and
WHEREAS, this allocation enhances the community’s experience with the Library at a key moment, ensuring a refreshed and inviting collection for all ages upon the Main Library’s reopening.

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 $40,000 from the Library Trist Fund as a one - time allocation to enhance the Escondido Public Library’s collections for Fiscal Year 2025/2026. 74 Item6.

BUDGET ADJUSTMENT

REQUEST
Department: Library
For Finance Use Only
BA # ____________
Fiscal Year ________
Department Contact: Robert Rhoades
City Council Meeting Date:
(attach staff report) 02/18/2026

EXPLANATION OF REQUEST
The Library Board of Trustees voted to approve $ 40,000 in Library Trusts Funds for use toward the library collections budget in preparation for the return to the main library following the Library Infrastructure and Renovation Project.

BUDGET ADJUSTMENT INFORMATION
Project/Account Description Account Number
Amount of
Increase
Amount of
Decrease
Library Circulating Materials Library Trust Fund $40,000 Library Trust Fund Balance $40,000

APPROVALS

DEPARTMENT HEAD DATE FINANCE DATE
Docusign Envelope ID: 413140F1-CBD0-469B-AD34-2A8382EADFCA 2/5/2026
2/5/2026
Attachment "1"
75 Item6.

STAFF REPORT

February 18, 2026
File Number 0600-10; A-3581

SUBJECT
TENTH AMENDMENT TO CONSULTING AGREEMENT WITH SCS ENGINEERING, INC.

DEPARTMENT
Development Services

RECOMMENDATION
Request the City Council adopt Resolution No. 2026 -22 authorizing the Mayor to execute a Tenth Amendment to the Consulting Services Agreement with SC S Engineering, Inc. for engineering and contractor services in support of the remediation of the former Orange Glen Market Site.

Staff Recommendation: Approval (Development Services: Kevin Snyder, Director of Development Services)
Presenter: Matt Souttere, Principal Engineer
ESSENTIAL SERVICE – Yes, Land Use/Development and Public Works/Infrastructure COUNCIL PRIORITY –Be Business Friendly; Drive Community and Land Development; Prioritize Public Safety

FISCAL ANALYSIS
The Development Services Department Engineering Cost Center has sufficient funds budgeted in the Adopted Fiscal Year 2026 to pay for this Agreement. Additionally, SCS Engineering, Inc. continues to pursue cost reimbursements from the San Diego Regional Water Quality Control Board for the eligible work at the site.

PREVIOUS ACTION
The City of Escondido entered into an initial Consulting Agreement with SCS Engineering, Inc. on August 19, 2009 (Attachment “1”) for engineering and contractor services for the assessment, remediation and groundwater monitoring at the former Orange Glen Market and Fueling Site . Nine subsequent amendments were made ; the First dated November 29, 2010, the Second dated February 6, 2012, the Third dated October 24, 2012, the Fourth dated June 17, 2013, the Fifth dated June 23, 2015, the Sixth dated July 18, 2016, the Seventh dated April 2, 2018, the Eight dated January 21, 2020 and the Ninth dated June 24, 2020.
76 Item7.

SCS Engineering, Inc. petitioned the San Diego Regional Water Quality Control Board ( “SDRWQCB”) to approve monitoring reports that supported the closure of the subject site with no proposed further action.

On June 4, 2025, the SDRWQCB provided notice to property owners and opened a 60-day public comment period on June 12, 2025 , for Proposed No Further Action for Orange Glen Market, 2741 East Valley Parkway, Escondido, California 92027 . On August 11, 2025, the public comment period closed having received no comments from the public for the subject site.

On October 10, 2025, the SDRWQCB issued a requirement to destroy all wells and borings, remove all waste in accordance with regulatory agency requirements no later than March 30, 2026.

BACKGROUND
The former Orange Glen Market and Fueling site was located at 2741 East Valley Parkwa y, Escondido, at the intersection of Bear Valley and East Valley Parkway. The investigation and assessment at the site had determined that an unauthorized release of gasoline from two former underground storage tanks and related dispensers to the underlyin g subsurface soils and shallow groundwater. The SDRWQC B issued a Cleanup and Abatement Order in May 2009 and a subsequent Addendum in July 2009. SCS Engineering, Inc. has managed the remediation, monitoring and reporting to the SDRWQCB for the period up to today.

In 2024, SCS Engineering, Inc. began petitioning the SDRWQCB to approve a closure of the monitoring site at 2741 East Valley Parkway. The tentative approval was made in June 2025, followed by a 60-day public comment period noticing the property ow ners and the public of a Proposed Closure of Orange Glen Market with No Further Action Required on June 12, 2025 (Attachment “2”). The public comment period closed on August 11, 2025, with no public comments received.

In a letter dated October 14, 2025, the SDWRQC B closed the unauthorized release case associated with the former Orange Glen Market and Fueling site. The SDWRQCB issued a requirement of a Monitoring Well and Boring Destruction and Waste Removal Requirements for the subject site by March 30, 2026.

The closure is contingent on the permitted abandonment via destruction of the existing monitoring well network which includes 23 wells; work will include permitting, project management, geologist oversight, destruction and waste disposal.

RESOLUTIONS
a. Resolution No. 2026-22
b. Resolution No. 2026-22—Exhibit “A”—Tenth Amendment to Consulting Agreement

ATTACHMENTS
a. Attachment “1”—Initial Consulting Agreement
b. Attachment “2”— SDRWQCB Property Owner Notification of Proposed No Further Action c. Attachment “3”—SDRWQCB Monitoring Well and Boring Destruction and Waste Removal Requirements
77 Item7.

RESOLUTION NO. 2026-22

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, AUTHORIZING THE MAYOR

TO EXECUTE, ON BEHALF OF THE CITY, A TENTH

AMENDMENT TO THE CONSULTING SERVICES
AGREEMENT WITH SCS ENGINEERING, INC.

WHEREAS, the Development Services Department has a Consulting Services Agreement (“Agreement”) with SCS Engineering, Inc . for engineering and contractor services in support of the remediation of the former Orange Glen Market Site; and
WHEREAS, the San Diego Regional Water Quality Control Board opened a 60-day Public Comment Period on June 12, 2025; and
WHEREAS, the Public Comment Period closed on August 11, 2025 with no comments; and WHEREAS, the San Diego Regional Water Quality Control Board approved the closure of the environmental cleanup case and has issued a Monitoring Well and Boring Destruction and Waste Removal mandate; and
WHEREAS, it is in the City’s best interest to execute the Tenth Amendment to the Consulting Agreement with SCS Engineering, Inc. for the completion of the project in the amount of $130,000.

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

1. That the above recitations are true.
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2. That the City Council authorizes the Mayor to execute, on behalf of the City, a Tenth Amendment to a Consulting Agreement with SCS Engineering, Inc., which is attached and incorporated to this Resolution as Exhibit “A”, and subject to final approval as to form by the City Attorney. 79 Item7.

Resolution No. 2026-22
Exhibit “A”

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CITY OF ESCONDIDO

TENTH AMENDMENT TO CONSULTING AGREEMENT
This Tenth Amendment to Consulting Agreement (“Tenth Amendment”) 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: Kevin Brickley
760-839-4363
("CITY")

And: SCS Engineering, Inc.
a California corporation
dba SCS Engineers
dba Sterns, Conrad & Schmidt Consulting Engineers, Inc. 8799 Balboa Avenue, Suite 290
San Diego, CA 92123-4340
Attn: Keith Etchells
858-583-7746
("CONSULTANT").
(The CITY and CONSULTANT each may be referred to herein as a “Party” and collectively as the “Parties.”)
WHEREAS, the Parties entered into that certain Consulting Agreement dated August 19, 2009, which was subsequently amended by a First Amendment dated November 29, 2010, a Second Amendment dated February 6, 2012, a Thir d Amendment dated October 24, 2012, a Fourth Amendment dated June 17, 2013, a Fifth Amendment dated June 23, 2015, a Sixth Amendment dated July 18, 2016, a Seventh Amendment dated April 2, 2018, an Eighth Amendment dated January 21, 2020, and a Ninth Amendment dated June 24, 2020 (collectively, the “Agreement”), wherein CITY retained CONSULTANT to provide services for the provision of engineering and contractor services in support of the remediation of the former Orange Glen Market Site , as more specifically described in the Agreement; and
WHEREAS, the Parties desire to amend the Agreement to include additional services as described in “Attachment A ” to this Tenth Amendment, which is attached hereto and incorporated herein by this reference.
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Resolution No. 2026-22
Exhibit “A”

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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. The CON SULTANT shall furnish all of the Services described in “Attachment A ” to this Tenth Amendment.

2. Personnel. The performance of the Services by certain professionals is significant to the CITY. As such, CONSULTANT shall only assign the persons listed on Attachment “B”, attached to this Tenth Amendment and incorporated herein by this reference (“Personnel List”), to perform the Services.

CONSULTANT shall not add or remove persons from the Personnel List without the City’s prior written consent. If CONSULTANT has not designated a person to perform a co mponent of the Services, CONSULTANT shall not assign such component of the Services to a person without obtaining the City’s prior written consent. CONSULTANT shall not subcontract any component of the Services without obtaining the City’s prior written consent.

3. The CITY will compensate CON SULTANT in an additional amount not to exceed the sum of $130,000, pursuant to the conditions contained in “Attachment A” to this Tenth Amendment.

4. All other terms of the Agreement not referenced in this Tenth Amendment shall remain unchanged and in full force and effect. In the event of a conflict between a provision of the Agreement and this Tenth, this Tenth Amendment shall prevail.

5. This Tenth Amendment and the Agreement, together with any attachments or other documents described or incorporated therein, if any, constitute the entire agreement and understanding of the Parties, and there are no other terms or conditions, written or oral, controlling this matter.

6. This Tenth Amendment may be executed on separate counterparts that, upon completion, may be assembled into and shall be construed as one document. Delivery of an executed signature page of this Tenth Amendment by electronic means, including an attachment to an email, shall be effective as delivery of an executed original.

7. Unless a different date is provided in this Tenth Amendment, the effective date of this Tenth Amendment shall be the latest date of execution set forth by the names of the signatories below.

(SIGNATURE PAGE FOLLOWS)

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Resolution No. 2026-22
Exhibit “A”

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IN WITNESS WHEREOF, this Tenth Amendment is executed by the Parties or their duly authorized representatives as of the Effective Date:

CITY OF ESCONDIDO

Date: __________________ ____________________________________ Dane White, Mayor

SCS ENGINEERING, INC.

Date: __________________ ___________________________________ Luke Montague, Vice President

Date: __________________ ___________________________________ Michael W. McLaughlin, Secretary

APPROVED AS TO FORM:

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

BY: __________________________

DATE: _________________

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

82 Item7.

Resolution No. 2026-22
Exhibit “A”

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ATTACHMENT “A”
Scope of Work

A. General

SCS Engineers , a California corporation , dba SCS Engineers , dba Sterns, Conrad & Schmidt Consulting Engineers, Inc. (“Consultant”) will provide the City of Escondido, a California municipal corporation (“City”) with consulting services to facilitate the San Diego Regional Water Quality Control Board directive to E. the groundwater monitoring well network at the Former orange Glen Market located at 2741 East Valley Parkway, Escondido, CA 92027 (“Project”).

B. Location

Consultant to provide services in relation to the Former Orange Glen Market clean up and abatement well monitoring site, including certain services located at the Project site, 2741 E. Valley Parkway, Escondido, CA 92027 and 2700 E. Valley Parkway, Escondido, CA 92027.

C. Services

Services to be provided under this Tenth Amendment are to facilitate the closure of the San Diego Regional Water Quality Control Board ( “RWQCB”) Cleanup and Abatement Orde r of the former Orange Glen Market and Fueling Station located at 2741 E. Valley Parkway, Escondido, CA 92027.

The Services shall include but are more particularly described in “Exhibit 1” to this Tenth Amendment.

1. Destruction of the 23 wells that make up the site monitoring well network. a. Project Management of well destruction, budget, traffic control plan, waste handling, and disposal in accordance with Department of Environmental Health and Quality and State of California requirements and transfer of all final documentation of closure to the City at completion.
b. Traffic Control coordination with City Field Engineering and obtainment of free-cost permits.
c. Obtainment of well destruction permit with the San Diego County Department of Environmental Health and Quality.
d. Obtainment of encroachmen t to private property located at 2700 E Valley Parkway, Escondido, CA 92027 known as Mobilepark West where portions of the well network are located.

D. Scheduling

Consultant to schedule specific dates of work in advance by contacting Kevin Brickley at 760-839- 4363 or [email protected]. Further instructions will be provided upon scheduling.

E. Contract Price and Payment Terms

The contract price of this Tenth Amendment shall not exceed $130,000. The contract price of this Tenth Amendment ($130,000) will bring the total contract price of the Agreement to $1,838,267.

Consultant shall submit monthly invoices to the City, and the City shall pay Consultant for invoiced services within 30 days of receipt of an invoice. Consultant shall not bill the Cit y for any transportation costs associated with travel to and from the Project site.

83 Item7.

Resolution No. 2026-22
Exhibit “A”

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F. Term

The term of this Tenth Amendment shall be for a period of one year, commencing on the Effective Date of this Tenth Amendment.

G. Other

SCS Engineers will pursue reimbursement of costs from the San Diego Regional Water Quality Control Board on behalf of the City.

84 Item7.

Resolution No. 2026-22
Exhibit “A”

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ATTACHMENT “B”
Personnel List

Pursuant to Section 2 of this Tenth Amendment, CONSULTANT shall only assign performance of Services to persons listed below.

1. Keith Etchells, Project Manager, [email protected], SCS Engineers;

2. Luke Montague, Vice President, [email protected], SCS Engineers;

3. Christine Shand, Regulatory Analyst, [email protected], SCS Engineers;

4. Kyle Kruger, Estimator, 858-790-1328, Eagle Paving, LLC;

5. David B. Hogan, President, [email protected], Baja Exploration Drilling;

6. Mike Bruno, Estimator, [email protected], Costera Waste & Environmental, Inc; and

7. Marc Armstrong, Estimator, 619-239-8200, Co’s Traffic Control, Inc.

CONSULTANT shall not add or remove persons from this Personnel List without the City’s prior written consent. If CONSULTANT has not designated a person to perform a component of the Services, CONSULTANT shall not assign such component of the Services to a person without obtaining the City’s prior written consent. CONSULTANT shall not subcontract any component of the Services without obtaining the City’s prior written consent.

Acknowledged by:

Date: __________________ ___________________________________ Luke Montague, Vice President

85 Item7.

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San Diego Regional Water Quality Control Board
October 10, 2025
Omar Tartir In reply refer to/attn:

Former Orange Glen Market T0607399052:LThotakura
[email protected]
Subject: Monitoring Well and Boring Destruction and Waste Removal Requirements - Orange Glen Market, 2741 East Valley Parkway, Escondido, California
Omar Tartir:

The 60-day public comment period for the proposed case closure of Orange Glen Market, 2741 East Valley Parkway, Escondido, California (Site) ended on August 11, 2025, and no comments were received. To complete the closure process, you are required to destroy all wells and borings, remove all waste (drums, debris, and other materials) in accordance with regulatory agency requirements, and submit a well destruction report (including waste manifests and well completion reports) no later than March 30, 2026.

The Low-Threat Underground Storage Tank Case Closure Policy (Policy) mandates that all monitoring wells and borings installed for the purpose of investigating, remediating, or monitoring the unauthorized release must be destroyed prior to case closure unless a property owner certifies that they will keep and maintain the wells or borings in accordance with applicable local or state requirements. The Policy also requires the removal and proper management of all waste piles, drums, debris, and other investigation- or remediation-derived materials from the Site in accordance with regulatory agency requirements prior to case closure.

Monitoring wells and borings must be destroyed in accordance with the County of San Diego Department of Environmental Health and Quality Monitoring Well Program in the Site Assessment and Mitigation Manual, Section 5, pages 5-7. Additionally, please upload a schedule for this work to the GeoTracker case file and include a copy of the Site well destruction permit(s) for our record.

In the subject line of any response, please include the reference code T0607399052:LThotakura.

Attachment "3"
127
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Omar Tartir - 2 - October 10, 2025
For questions or comments, please contact me at 619-521-3002 or [email protected].

Respectfully,

Lalitha Thotakura
Water Resource Control Engineer
Petroleum and Military Site Restoration Unit
cc (via email): Keith Etchells, SCS Engineers, [email protected] Allison O’Neal, SCS Engineers, [email protected]
Dan Johnson, SCS Engineers, [email protected]
Tech Staff Info & Use
GeoTracker Global ID T0607399052

Attachment "3"
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Item7.

STAFF REPORT

February 18, 2026
File Number 0600-10; A- 3582-1

SUBJECT
FIRST AMENDMENT TO CONSULTING AGREEMENT WITH STC TRAFFIC, INC.

DEPARTMENT
Development Services

RECOMMENDATION
Request the City Council adopt Resolution No. 2026 -14 authorizing the Mayor to execute a First Amendment to the Consulting Services Agreement with STC Traffic, Inc. for On -Call Traffic Engineering Services.

Staff Recommendation: Approval (Development Services: Kevin Snyder, Director of Development Services)
Presenter: Megan Crooks, Management Analyst II
ESSENTIAL SERVICE – Yes, Land Use/Development and Public Works/Infrastructure COUNCIL PRIORITY –Be Business Friendly; Drive Community and Land Development; Prioritize Public Safety

FISCAL ANALYSIS
The Development Services Department, Engineering Cost Center has sufficient funds budgeted in the Adopted Fiscal Year 2026 intended to pay for this Agreement.

PREVIOUS ACTION
The City of Escondido released a comprehensive Request for Proposal No. 23 -18 (“RFP”) for On -Call Development Services to augment staff shortages. STC Traffic, Inc. was a responsive bidder to the RFP and the City of Escondido administratively executed a Consulting Services Agreement (“Agreement”) with STC Traffic, Inc. on March 4, 2024 in the amount of $194,600 with an effective date through June 30, 202 7.

The Agreement was initiated to provide for the development of a Traffic Signal Master Plan, the Traffic Signal Improvement Project as well as various on -call services to assist with staff augmentation of the Traffic Engineering group while the Department was openly recruiting positions.

129
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BACKGROUND
During Fiscal Year 2025, staff identified available grant funding for the Traffic Signal Master Plan and Improvements. At that time, those scope items were removed from the Agreement and included in a new contract for grant funding and the remaining Agreement amount was utilized toward the On-Call Services scope items. The Agreement is now fully exhausted of funds and requires an amendment to increase the contract price by $75,000 for remaining invoices to be paid . Staff budge ted for these services in the Adopted Fiscal Year 2026 Budget.

RESOLUTIONS
a. Resolution No. 2026-14
b. Resolution No. 2026-14—Exhibit “A”— First Amendment to Consulting Agreement with STC Traffic, Inc.

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Item8.

RESOLUTION NO. 2026-14

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, AUTHORIZING THE MAYOR

TO EXECUTE, ON BEHALF OF THE CITY, A FIRST

AMENDMENT TO THE CONSULTING SERVICES
AGREEMENT WITH STC TRAFFIC, INC.

WHEREAS, the Development Services Department has a Consulting Services Agreement (“Agreement”) with STC Traffic, Inc. for on-call traffic engineering services to augment Traffic Engineering staff capacity; and
WHEREAS, the Agreement has an expiration date of June 30, 2027, and has exceeded the contract price of $194,600; and
WHEREAS, the Development Services Engineering budget has sufficient funds to pay for the additional amount of $75,000; and
WHEREAS, it is in the City’s best interest to execute the First Amendmen t to the Consulting Agreement with STC Traffic, Inc for on-call traffic engineering services in the amount of $75,000.

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 Mayor to execute, on behalf of the City, a First Amendment to a Consulting Agreement with STC Traffic, Inc. , which is attached and incorporated to this Resolution as Exhibit “A”, and subject to final approval as to form by the City Attorney. 131
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Resolution No. 2026-14
Exhibit “A”

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CITY OF ESCONDIDO

FIRST AMENDMENT TO CONSULTING AGREEMENT
This First Amendment to Consulting Agreement (“First Amendment”) 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: Craig Williams
760-839-4812
("CITY")

And: STC Traffic, Inc.
a California corporation
5973 Avenida Encinas, Suite 218
Carlsbad, CA 92008
Attn: Jason Stack, President
760-602-4209
("CONSULTANT").
(The CITY and CONSULTANT each may be referred to herein as a “Party” and collectively as the “Parties.”)
WHEREAS, the Parties entered into tha t certain Consulting Agreement dated March 4, 2024 (“Agreement”), wherein CITY retained CONSULTANT to provide services for professional traffic engineering services, as more specifically described in the Agreement; and WHEREAS, the Parties desire to amend the Agreement to include additional funds as described in “Attachment A” to this First Amendment, which is attached hereto and incorporated herein by this reference.

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. The CON SULTANT shall furnish all of the Services described in “Attachment A ” to this First Amendment.

2. Personnel. The performance of the Services by certain professionals is significant to the CITY. As such, CONSULTANT shall only assign the persons listed on Attachment “B”, attached to this First Amendment and incorporated herein by this reference (“Personnel List ”), to perform the Services.

Resolution No. 2026-14
Exhibit “A”

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obtaining the City’s prior written consent. CONSULTANT shall not subcontract any component of the Services without obtaining the City’s prior written consent.

3. The CITY will compensate CONSULTANT in an additional amount not to exceed the sum of $75,000, pursuant to the conditions contained in “Attachment A” to this First Amendment.

4. All other terms of the Agreement not referenced in this First Amendment shall remain unchanged and in full force and effect. In the event of a conflict between a provision of the Agreement and this First, this First Amendment shall prevail.

5. This First Amendment and the Agreement, together with any attachments or other documents described or incorporated therein, if any, constitute the entire agreement and understanding of the Parties, and there are no other terms or conditions, written or oral, controlling this matter.

6. This First Amendment may be executed on s eparate counterparts that, upon completion, may be assembled into and shall be construed as one document. Delivery of an executed signature page of this First Amendment by electronic means, including an attachment to an email, shall be effective as delivery of an executed original.

7. Unless a different date is provided in this First Amendment, the effective date of this First Amendment shall be the latest date of execution set forth by the names of the signatories below.

(SIGNATURE PAGE FOLLOWS)

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Resolution No. 2026-14
Exhibit “A”

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IN WITNESS WHEREOF, this First Amendment is executed by the Parties or their duly authorized representatives as of the Effective Date:

CITY OF ESCONDIDO

Date: __________________ ____________________________________ Dane White, Mayor

STC Traffic, Inc.

Date: __________________ ___________________________________ Jason Stack, President

APPROVED AS TO FORM:

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

BY: __________________________

DATE: _________________

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

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Resolution No. 2026-14
Exhibit “A”

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To Consulting Agreement

ATTACHMENT “A”
Scope of Work

A. General

STC Traffic, Inc., a California corporation (“Consultant”) will provide the City of Escondido, a California municipal corporation (“City”) with professional traffic engineering services.

B. Location

Consultant to provide services in various locations throughout the City , including certain services located at 201 N. Broadway, Escondido, CA 92025.

C. Services

Consultant shall provide professional traffic engineering services on an as needed basis to include development plan review services and public service request services.

D. Scheduling

Consultant to schedule specific dates of work in advance by contacting Craig Williams at 760-839- 4821 or [email protected]. Further instructions will be provided upon scheduling.

E. Contract Price and Payment Terms

The contract price of this First Amendment shall not exceed $75,000. The contract price of this First Amendment ($75,000) will bring the total contract price of the Agreement to $269,600. The contract price of this First Amendment includes all labor, materials, equipment, and transportation required to perform the work. Services will be billed as services are performed. Payment will be made after services have been performed and within 30 days of receipt of an invoice for those services.

F. Term

The term of the Agreement shall not be affected by this First Amendment. The termination of the Agreement shall be June 30, 2027.

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Resolution No. 2026-14
Exhibit “A”

Page 5 of 5 ends

First Amendment - 5 - CAO: 04/23/2024
To Consulting Agreement

ATTACHMENT “B”
Personnel List

Pursuant to Section 2 of the this First Amendment, CONSULTANT shall only assign performance of Services to persons listed below.

1. Jason Stack, Senior Principal Manager, [email protected], STC Traffic;

2. Brett Hansen, Construction Manager, [email protected], STC Traffic;

3. Rob Blough, Principal Manager, [email protected], STC Traffic;

4. David DiPierro, Senior Principal Manager, [email protected], STC Traffic;

5. Adam Lember, Senior Systems Engineer, [email protected], STC Traffic;

6. Christian Lambarth, Senior Project Manager, [email protected], STC Traffic;

7. Philip Wragg, Project Planner III, [email protected], STC Traffic;

8. Ashley Adamos, Project Engineer III, [email protected], STC Traffic;

9. Philip Kern, Senior Principal Manager, [email protected], STC Traffic;

10. Joseph Walters, Senior Project Engineer, [email protected], STC Traffic;

11. Ivan Gonzalez, Project Engineer II, [email protected], STC Traffic;

12. Alain Hungerford, Systems Engineer III, [email protected], STC Traffic;

13. Binyam Gebregergs, Project Engineer I, [email protected], STC Traffic;

14. Trevor O’Neal, Project Engineer I, [email protected], STC Traffic;

15. Duncan Hughes, [email protected], STC Traffic, Inc.; and

16. Myles Baidy, Project Engineer, [email protected], STC Traffic, Inc.

CONSULTANT shall not add or remove persons from this Personnel List without the City’s prior written consent. If CONSULTANT has not designated a person to perform a component of the Services, CONSULTANT shall not assign such component of the Services to a person without obtaining the City’s prior written consent. CONSULTANT sha ll not subcontract any component of the Services without obtaining the City’s prior written consent.

Acknowledged by:

Date: __________________ ___________________________________ Jason Stack, President

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STAFF REPORT

February 18, 2026
File Number 1330-85

SUBJECT

CONTINUING REPAIR OF THE EMERGENCY REPAIR OF THE ESCONDIDO TRUNK SEWER MAIN

DEPARTMENT
Utilities

RECOMMENDATION
Request the City Council adopt Resolution No. 2026-19 declaring that pursuant to the terms of Section 22050 of the California Public Contract Code, the City Council finds that there is a need to continue the emergency repair of the Escondido Trunk Sewer Ma in. The Resolution, which must be passed by four - fifths vote, also declares that public interest and necessity demand the immediate expenditure to safeguard life, health, or property
Staff Recommendation: Approval (Utilities: Daniel Peterson, Director of Utilities) Presenter: Kyle Morgan, Assistant Director of Utilities, Wastewater ESSENTIAL SERVICE – Yes, Keep City Clean for Public Health and Safety; Sewer COUNCIL PRIORITY –Prioritize Public Safety

FISCAL ANALYSIS
Funding for the Emergency Repair of the Escondido Trunk Sewer Main is available in the Wastewater Capital Improvement Project (“CIP”) budget for Sewer Trunk Main, CIP No. 801913.

PREVIOUS ACTION
On June 26, 2024, the City Council adopted Resolution No. 20 24-86, ratifying Proclamation No. 2024-02, affirming that it was appropriate for City staff to forego competitive bidding procedures and work with contractors for the necessary emergency repair of the failing trunk sewer main.

On July 10, 2024, the City Council adopted Resolution No. 2024-94, reaffirming that there was a need to continue efforts toward emergency repair of the failing trunk sewer main.

On July 17, 2024, the City Council adopted Resolution No. 2024-103, reaffirming that there was a need to continue efforts toward emergency repair of the failing trunk sewer main. 137
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On July 23, 2024, a Public Improvement Agreement with CCL Contracting, Inc. was executed for the emergency repair of Section 2, from Beech Street to Grape Day Park, on a time and mat erials basis in an amount not to exceed $10,240,691.

On August 7, 2024, the City Council adopted Resolution No. 2024-106, reaffirming that there was a need to continue efforts toward emergency repair of the failing trunk sewer main. In addition, City Counc il approved a budget adjustment in the amount of $12,036,225 to fund the emergency repair of the failing trunk sewer main, consisting of $7,036,225 from the unallocated Wastewater Reserves and $5,000,000 from Capital Improvement Project No. 801508, Recycled Easterly Ag MFRO.

On August 21, 2024, a Public Improvement Agreement with J.R. Filanc Construction Company was executed for the emergency repair of Section 1, Ash Street from the Firestone Complete Auto Care parking lot to the Walmart Neighborhood Market parking lot, on a time and materials basis in an amount not to exceed $1,795,534.

On August 28, 2024, the City Council adopted Resolution No. 2024-117, reaffirming that there was a need to continue efforts toward emergency repair of the failing trunk sewer main.

On September 11, 2024, the City Council adopted Resolution No. 2024-131, reaffirming that there was a need to continue efforts toward the emergency repair of the failing trunk sewer main.

On October 2, 2024, the City Council adopted Resolution No. 2024-141, reaffirming that there was a need to continue efforts toward the emergency repair of the failing trunk sewer main.

On October 23, 2024, the City Council adopted Resolution No. 2024 -146, reaffirming that there was a need to continue efforts toward the emergency repair of the failing trunk sewer main.

On November 20, 2024, the City Council adopted Resolution No. 2024 -162, reaffirming that there was a need to continue efforts toward the emergency repair of the failing trunk sewer main.

On December 4 , 2024, the City Council adopted Resolution No. 2024 -178, reaffirming that there was a need to continue efforts toward the emergency repair of the failing trunk sewer main.

On January 8, 2025, the City Council adopted Resolution No. 2025 -03, reaffirming that there was a need to continue efforts toward the emergency repair of the failing trunk sewer main.

On January 29, 2025, the City Council adopted Resolution No. 2025-06, reaffirming that there was a need to continue efforts toward the emergency repair of the failing trunk sewer main.

On February 19, 2025, the City Council adopted Resolution No. 2025-08, reaffirming that there was a need to continue efforts toward the emergency repair of the failing trunk sewer line. 138
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On March 19, 2025, the City Council adopted Resolution No. 2025-14, reaffirming that there was a need to continue efforts toward the emergency repair of the failing trunk sewer line.

On April 2, 2025, the City Council adopted Resolution No. 2025 -19, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On April 16, 2025, the City Council adopted Resolution No. 2025-30, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On May 7, 2025, the City Council adopted Resolution No. 2025 -38, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On May 21, 2025, the City Council adopted Resolution No. 2025-54, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On June 4, 2025, the City Council adopted Resolution No. 2025 -58, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On June 18, 2025, the City Council adopted Resolution No. 2025-64, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On July 16, 2025, the City Council adopted Resolution No. 2025-86, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On August 13, 2025, the City Council adopted Resolution No. 2025-102, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line, authorized Change Order No. 01 to the Public Improvement agreement (“Agreement”) with CCL Contracting, Inc. for an amount not to exceed $1, 397, 320.60; and approved a budget adjustment in the amount of $1,397,320.60, from the Unallocated Reserves to the Wastewater Capital Improvement Project (“CIP”) budget for Trunk Main/Norlak-HARRF.

On August 27, 2025, the City Council adopted Resolution No. 2025-109, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On September 17, 2025, the City Council adopted Resolution No. 2025-113, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On October 1, 2025, the City Council adopted Resolution No. 2025-123, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On October 15, 2025, the City Council adopted Resolution No. 2025 -127, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line. 139
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On November 5, 2025, the City Council adopted Resolution No. 2025 -136, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On December 3, 2025, the City Council adopted Resolution No. 2025 -156, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On December 17, 2025, the City Council adopted Resolution No. 2025 -164, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On January 7, 2026, the City Council adopted Resolution No. 2026 -03, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

On January 28, 2026, the City Council adopted Resolution No. 2026-09, reaffirming that there was a need to continue efforts toward the emergency repair for the failing trunk sewer line.

BACKGROUND
The City’s trunk sewer mains, constructed in the 1950’s, are a critical and integral part of the City’s wastewater system. In June 2024, during routine closed -circuit television inspection, Utili ties Staff identified multiple failed and severely deteriorated sections of 18 -inch and 21-inch trunk sewer main. In order to act quickly to avoid catastrophic failure, a local emergency was proclaimed on June 20, 2024, by the City Manager, serving as the Director of Emergency Services. The original scope of work included two sections of severely deteriorated trunk sewer main that are in critical condition. These sections are shown in Figure 1 below and defined as follows:

Section 1: Ash Street - paralleling the Escondido Creek, from the Firestone Complete Auto Care (“Firestone”) parking lot to the Walmart Neighborhood Market (“Walmart”) parking lot; and Section 2: Beech Street to Grape Day Park - paralleling the Escondido Creek, traversing a short section of North Hickory Street, then continuing in East Pennsylvania Street from North Hickory and extending into Grape Day Park.

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Figure 1

Section 1 emergency repair work began on August 7, 2024. All repairs to Section 1 are complete.

Section 2 emergency repair work began on July 25, 2024, and is anticipated to be complete by April 17, 2026. The contractor, CCL Contracting, Inc. (“CCL”), has installed approximately 6,020 linear feet of trunk main, from Grape Day Park to Hickory Street, within Pennsylvania Avenue; north within Hickory Street from the intersection of Pennsylvania Avenue and Hickory Street to just south of the intersection of Hickory Str eet and Lansing Circle; easterly through the Westmont Assisted Living Community; and continues easterly within the City’s Escondido Creek private property/public utility easement, paralleling the south side of Escondido Creek to Grape Street. The additional restoration work at Westmont Assisted Living Community, which included abandonment and slurry fill of 2,000 feet of 21 -inch sewer, abandonment and slurry fill of 14 manholes, and repair of 40 feet of 21 -inch trunk sewer line within the bike path at Date Street, has been completed.

In June 2025, a construction conflict with a 36” diameter water transmission main along the bike path was identified. City staff determined that rerouting the sewer trunk main from the bike path into East Valley Parkway, provided the best value to the city from a cost, constructability, product longevity, and risk mitigation. Construction on North Fig Street, south of the channel bridge, between Washington Avenue and Valley Parkway, began on September 2, 2025, and was completed on September 19, 2025. Utilities Construction on East Valley Parkway, between Fig Street and Beech Street, began on September 23, 2025 with work occurring at night to minimize the impact to the community. Night work on E. Valley Parkway concluded on Thursday, January 29, and transitioned to daytime operations on Beech Street beginning Monday, February 2. Installation of the 24-inch pipe on Valley Parkway is complete. Additional work, to 141
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date, includes the installation of a modified storm drain b ox, nine manholes and 13 laterals. Electronic message boards and signs updating the community are in place, where appropriate, throughout the construction project site and will remain through the duration of work.

Utilities Staff continues to communicate and coordinate with affected businesses and residents within the construction zone of influence, as well as other City Departments regarding current and upcoming construction, including the upcoming road closures.

RESOLUTIONS
a. Resolution No. 2026-19

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RESOLUTION NO. 2026-19

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, FINDING THAT AN

EMERGENCY CONTINUES TO REQUIRE THE IMMEDIATE

REPAIR OF THE ESCONDIDO TRUNK SEWER MAIN

WHEREAS, the City Council recognizes that the City’s trunk sewer main pipeline defined in the two following critical sections are at risk of imminent, catastrophic failure:

Section 1: Ash Street - paralleling the Escondido Creek, from the Firestone Complete Auto C are parking lot to the Walmart Neighborhood Market parking lot; and Section 2: Beech Street to Grape Day Park - paralleling the Escondido Creek, traversing a short section of North Hickory Street, then continuing in East Pennsylvania Street from North Hic kory and extending into Grape Day Park; and
WHEREAS, pursuant to the approval of Resolution No. 2024 -86 on June 26, 2024, ratifying Proclamation No. 2024-02; Resolution No. 2024-94 on July 10, 2024; Resolution No. 2024-103 on July 17, 2024; Resolution No. 2024-106 on August 7, 2024 ; Resolution No. 2024 -117 on August 28, 2024 ; Resolution No. 2024 -131 on September 11, 2024 ; Resolution No. 2024 -141 on October 2, 2024 ; Resolution No. 2024 -146 on October 23, 2024; Resolution No. 2024 -162 on November 20, 2024; Resolution 2024-178 on December 4, 2024; Resolution No. 2025-03 on January 8, 2025 ; Resolution No. 2025-06 on January 29, 2025; Resolution No. 2025-08 on February 19, 2025; Resolution No. 2025-14 On March 19, 2025; Resolution No. 2025-19 on April 2, 2025 ; Resolution No. 2025-30 on April 16, 2025 ; Resolution No. 2025-38 on May 7, 2025; Resolution No. 2025-54 on May 21, 2025; Resolution No. 2025- 58 on June 4, 2025 , Resolution No. 2025-64 on June 18, 2025, and Resolution No. 2025 -86 on July 16, 2025, Resolution No. 2025-102 on August 13, 2025, Resolution No. 2025 -109 on August 27, 2025, and 143
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Resolution No. 2025 -113 on September 17, 2025, Resolution No. 2025 -123 on October 1, 2025, Resolution No. 2025-127 on October 15, 2025, Resolution No. 2025-136 on November 5, 2025, Resolution No. 2025-156 on December 3, 2025, Resolution No. 2025-164 on December 17, 2025, Resolution No. 026- 03 on January 7, 2026, and Resolution No. 2026-09 on January 28, 2026, the City Council previously found that the failing trunk sewer risk constitutes an emergency and found it appropriate for Utilities Staff to proceed to contract services without adopting plans, specifications, working details, or giving not ice of bids to award contracts; and
WHEREAS, on August 7, 2024, City Council approved a budget adjustment in the amount of twelve million, thirty-six thousand, two-hundred twenty-five dollars ($12,036,225) to fund the emergency repair of the failing trunk sewer main, consisting of $7,036,225 from the unallocated Wastewater Reserves and $5,000,000 from Capital Improvement Project No. 801508, Recycled Easterly Ag MFRO; and WHEREAS, the City entered into a Public Improvement Agreement (“Agreement”) with CCL Contracting, Inc., in an amount not to exceed ten million, two-hundred forty-thousand, six hundred ninety-one dollars ($10,240,691) on July 23, 2024; and
WHEREAS, the City entered into a Public Improvement Agreement (“Agreement”) with J.R. Filanc Construction Company in an amount not to exceed one million, seven hundred ninety-five thousand, five hundred thirty-four dollars ($1,795,534) on August 21, 2024; and WHEREAS, the City Council approved Change Order No. 1 and a budget adjustment to the project in the amount of $1,397,320.60 to fund the remaining portion of Section 2 emergency repairs due to a trunk sewer alignment conflict with the existing 36” water main, bringing the total contract value with CCL Contracting, Inc., resulting in a contract value of not to exceed eleven million, six-hundred thirty-eight thousand and eleven dollars and sixty cents ($11,638,011.60); and 144
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WHEREAS, pursuant to Section 22050 of the Public Contract Code, the City Council must review the emergency action every 14 days, or at its next regularly scheduled meeting, and determine by a four- fifths vote there is a need to continue the action; and WHEREAS, this City Council desires at this time and deems it to be in the best public interest to continue the emergency action and approve the recommended change order and budget adjustment.

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 finds the failure of the trunk sewer main is a public health and safety emergency; that this emergency will not permit the delay that would result from a competitive bidding process; and that the proposed action and expenditure is still necessary to respond to the emergency requiring immediate repair of the trunk sewer main.
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STAFF REPORT

February 18, 2026
File Number 0170-57

SUBJECT

APPROVAL OF CALPERS INDUSTRIAL DISABILITY RETIREMENT FOR POLICE OFFICER EDWARD BUSTIN

DEPARTMENT
Human Resources

RECOMMENDATION
Request the City Council adopt Resolution No. 2026-10 amending and superseding Resolution No. 2025- 51 approving the California Public Employees’ Retirement System (CalPERS) Industrial Disability Retirement for Police Officer Edward Bustin.

Staff Recommendation: Approval (Human Resources: Jessica Perpetua, Director of Human Services) Presenter: Jessica Perpetua, Director of Human Services

FISCAL ANALYSIS
None

PREVIOUS ACTION
The City previously adopted a resolution determining Officer Bustin qualified for a California Public Employees’ Retirement System (“CalPERS”) Industrial Disability Retirement based on competent medical opinion of permanent disability due to a non-physical mental health condition.

BACKGROUND
Mr. Bustin is a former Police Officer who filed for Industrial Disability Retirement in January, 2025. He was employed by the City of Escondido from January 4, 2021 until September 16, 2025. On September 17, 2025, the City Council adopted Resolution No. 2025-51 approving Mr. Bustin’s Industrial Disability Retirement application on the basis of one permanently disabling condition. Subsequently, the City has received additional medical opinion confirming permanent disability due to two other industrial injuries.

Accordingly, Mr. Bustin is incapacitated within the meaning of the Public Employee’s Retirement Law for performance of his usual and customary duties in the position of Police Officer for both mental health and orthopedic conditions.

Under state law, CalPERS requires the City Council to adopt a resolution stating that competent medical evidence supports the granting of an Industrial Disability Retirement. Based on the competent medical 146
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evidence, staff recommends the City Council adopt Resolution No. 2026-10 that amends and supersedes Resolution No. 2025-51 approving the CalPERS Industrial Disability Retirement for Officer Edward Bustin.

RESOLUTIONS
a. Resolution No. 2026-10

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RESOLUTION NO. 2026-10

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, AMENDING AND
SUPERSEDING RESOLUTION NO. 2025 -51 APPROVING

THE CALPERS INDUSTRIAL DISABILITY RETIREMENT FOR

POLICE OFFICER EDWARD BUSTIN

WHEREAS, the City of Escondido (the “City”) is a contracting agency of the California Public Employees’ Retirement System (“CalPERS”); and
WHEREAS, the California Public Employees’ Retirement Law (Government Code Section § 20000 et seq.) (“California law”) requires that the City determine whether an employee classified as a local safety member is disabled for purpose of the California law and whether such disability is “industrial” within the meaning of such law; and
WHEREAS, Edward Bustin (“Employee”) filed an application with CalPERS on or about January 23, 2025, for an Industrial Disability Retirement; and
WHEREAS, the Employee was employed by the City in the position of Police Officer; and WHEREAS, the City Council of the City of Escondido passed Resolution No. 2025-51 on September 17, 2025 approving Employee’s application for Industrial Disability Retirement on the basis of a mental health condition; and
WHEREAS, following Resolution No. 2025 -21, the City received medical evidence relevant to additional permanent disabling conditions; and
WHEREAS, the City Council of the City of Escondido has reviewed the medical and other evidence relevant to these industrial disabilities.
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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. This Resolution amends and supersedes Resolution No. 2025-51 in its entirety.

3. That the City Council does hereby find and determine that Employee is incapacitated within the meaning of the California Public Employees’ Retirement Law for performance of his duties in the position of Police Officer.

4. That the City Council certifies Resolution No. 2026-10 in accordance with Government Code Section § 21156, that this determination was made on the basis of competent medical opinion, and was not used as a substitute for the disciplinary process.

5. That the Employee filed Workers’ Compensation claims for his disabling conditions. The City accepted the Employee’s Workers’ Compensation claims.

6. That neither Employee nor the City of Escondido has applied to the Workers’ Compensation Appeals Board for a determination pursuant to Government Code Section § 21166 whether such disabilities are industrial.

7. That the Employee’s retirement date was effective September 17, 2025, and his last day on paid status was September 16, 2025.

8. That there is not a possibility of third-party liability.

9. That the City will make monthly Advanced Disability Pension Payments of $4,761.22, beginning October 1, 2025, until CalPERS begins making retirement payments. The City will also make a one- 149
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time advance disability payment of $2,063.19, for the remaining twelve days of September 2025. CalPERS will send the reimbursement check to: City of Escondido Workers’ Compensation Department 201 N.

Broadway Escondido, CA 92025.

10. That the primary disabling conditions are a psychiatric condition and orthopedic injuries to the right shoulder and bilateral hips all of which arose out of and in the course of employment.

11. That there is competent medical opinion certifying the disabling conditions are permanent.

12. That based on information and belief, and on the information provided by City staff, the City Council certifies under penalty of perjury that all statements in this Resolution are true and correct. 150
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ORDINANCE NO. 2026-01

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, RETAINING THE EXISTING

SPEED LIMIT ON ONE STREET SEGMENT

The City Council of the City of Escondido, California does ordain as follows:

SECTION 1. The City Council makes the following findings:
a) On October 8, 2021, the State of California approved Assembly Bill 43, which took effect January 1, 2022 and amends the California Vehicle Code as it relates to speed limits. b) California Vehicle Code s Section 40802 requires that enforcement of declared prima facie speed limits on a particular section of a highway or state highway be justified by an Engineering and Traffic Survey conducted no more tha n seven years prior to the date of the alleged violat ion. However, if a registered engineer evaluates the section of the highway and determines that no significant changes in roadway or traffic conditions have occurred including, but not limited to, changes in adjoining property or land use, roadway width, or traffic volume, then enforcement of a declared prima facie speed limit on a particular section of a highway or state highway may be justified by an Engineering and Traffic Survey conducted no more than 14 years prior to the date of the alleged violation. c) California Vehicle Code section 22357 provides that w henever a local authority determines upon the basis of an engineering and traffic survey that a speed greater than 25 miles per hour would facilitate the orderly movement of vehicular traf fic and would be reasonable and safe upon any street other than a state highway otherwise subject to a prima facie limit of 25 miles per hour, the local authority may by ordinance determine and declare a prima facie speed limit of 30, 35, 40, 45, 50, 55, o r 60 miles per hour or a maximum speed limit of 65 miles per hour, whichever is found most appropriate to facilitate 151
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ORDINANCE NO. 2026-02

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, APPROVING A SPECIFIC PLAN

AMENDMENT, DEVELOPMENT AGREEMENT, AND

PLANNED DEVELOPMENT PERMIT (MASTER AND
PRECISE PLAN) TO FACILITATE CONSTRUCTION OF A 128

MULTI-FAMILY PROJECT AND ADOPTING A FIFTH
ADDENDUM TO THE FEIR PREPARED FOR THE 2012

GENERAL PLAN UPDATE, DOWNTOWN SPECIFIC PLAN

UPDATE, AND CLIMATE ACTION PLAN REVISED

MITIGATION MONITORING AND REPORTING PROGRAM

The City Council of the City of Escondido, California does ordain as follows:

SECTION 1. The City Council makes the following findings:
a) On April 1, 2024, John Stack (“Applicant”), on behalf of Kingsbarn Realty Inc., filed a land use development application, Planning Case Nos. PL24 -0091/PL24-0092/PL24- 0093/PL24-0094/PL25-0324 (“Application”) constituting a request for a Specific Plan Amendment to the Downtown Specific Plan removing the requirement for ground-floor retail or office on the first floor, and establishing a height overlay on the subject property increasing the height limit from 60’ -0 to 65’-0”, and increasing the allowable number of stories from four to five; a Development Agreement to trans fer 50 dwelling units from the Downtown Density Credit Pool to the subject site, for an in-lieu fee for a reduction in the required amount of open space, and an in-lieu fee for a reduction in required trees per dwelling unit to demonstrate consistency with the Climate Action Plan; and a Planned Development Permit to allow for a reduction in the required open space pursuant to the Downtown Specific Plan, for the construction of ground -floor residential units, and utilization of tandem parking spaces; and a Design Review Permit to allow construction of 152
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STAFF REPORT

February 18, 2026
File Number 0875-55

SUBJECT
2025-2029 HOUSING AND URBAN DEVELOPMENT (“HUD”) CONSOLIDATED PLAN AND ALLOCATION PROCESS FOR FISCAL YEAR (“FY”) 2026-2027 FUNDING

DEPARTMENT
Development Services, Housing & Neighborhood Services

RECOMMENDATION

Request the City Council conduct a Public Hearing to (1) review and reaffirm the priorities adopted in the 2025-2029 Consolidated Plan; (2) approve an allocation process for FY 2026-2027 utilizing the maximum allowable allocations for public services and the maximum allowable allocations for administration of the Community Development Block Grant (“CDBG”) Program; and (3) authorize the release of a Request for Proposals ("RFP") for public services and community development activities.

Staff Recommendation: Approval (Development Services: Kevin Snyder, Director of Development Services)
Presenter: Danielle Lopez, Housing & Neighborhood Services Manager and Dulce Salazar, Management Analyst
ESSENTIAL SERVICE – Yes, Keep City Clean for Public Health and Safety; Public Works/Infrastructure; Maintenance of Parks facilities/Open Spaces
COUNCIL PRIORITY – Be Business Friendly; Build Trust and Accountability; Drive Community and Land Development; Financial Stewardship; Prioritize Public Safety

FISCAL ANALYSIS

The City of Escondido (“City”) receives an annual federal entitlement fro m HUD for community development. It is anticipated that the City will receive approximately $1.3 million in CDBG entitlement funds for FY 2026-2027. HUD funds must assist low- and moderate-income (“LMI”) residents of Escondido and may not be used to supplant City funds. CDBG activities and administrative costs will be funded solely by grant funds and will not impact the General Fund.

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PREVIOUS ACTION
On June 25, 2025, the City Council conducted a public hearing to solicit and consider citizen input on the Five Year 2025-2029 Consolidated Plan and 2025-2026 Annual Action Plan for the use of CDBG and HOME funds; and adopted Resolution No. 2025-69 approving Fiscal Year 2025-2029 Consolidated Plan and Fiscal Year 2025-2026 Annual Action Plan for the use of CDBG and HOME funds, conditionally committing funds to projects, authorized the Director of Community Development to execute contracts as appropriate and approved the submittal of the Fiscal Year 2025 -2029 Consolidated Plan and the Fiscal Year 2025 -2026 Annual Action Plan to HUD.

On January 7, 2026, the City Council received an overview of the CDBG and HOME Investment Partnership Program (“HOME”) programs.

BACKGROUND
The City of Escondido is considered an entitlement jurisdiction and receives an annual allocation from HUD for the operations of its CDBG program. The funding is determined by a formula calculated by HUD based on population, age of the city, poverty levels, etc. The City’s allocation can fluctuate year -to-year causing funding to increase or decrease in various programs.

As a recipient of the federal funds, the City is required to submit a five-year Consolidated Plan, an Annual Action Plan, and monitor its progress, outcomes, and expenditures through the Consolidated Annual Performance and Evaluation Report (“CAPER”).

Based on a community needs assessments and public participation, priorities were identified and adopted as part of the FY 20 25-2029 Five-Year Consolidated Plan. Each year, prior to adoption of the One -Year Action Plan, Council is asked to review and reaffirm the priorities and may choose to adopt changes at that time. Each year, an Annual Action Plan is developed to determine exactly how funds will be spent in order to meet the goals of the Consolidated Plan for that year.

After the City Council has confirmed the City’s priorities for the upcoming fiscal year and pending City Council approval, Housing and Neighborhood Services staff release an RFP to notify potential subrecipients of the funding availability. Staff has prepared the draft RFP (included as Attachment “1”) for the use of FY 2026-2027 CDBG funds. Upon authorization by the City Council, staff will distribute the RFP to prospective applicants immediately.

In accordance with the City’s Citizen Participation Plan, the City will conduct at least two public hearings each year, during the annual action plan process. The first will be held on February 18, to reaffirm the priorities adopted in the 2025 -2029 Consolidated Plan, approve an allocation process for FY 2026 -2027, and authorize the release of an RFP for CDBG public services and community development activities. The second public hearing will be held on May 20, 2026, to review staff’s funding recommendations and adopt the 2026 Annual Action Plan, allocating the FY 2026-27 funds. 154
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CDBG Allocation Process, National Objectives, and Priorities:

Allocation Process
CDBG regulations place limitations on the amount of funding grantees may use for administration and public services. No more than 15% of a grantee’s annual CDBG allocation may be used for public service activities and no more than 20% of a grantee’s annual CDBG allocation may be used for pr ogram administration. There is no cap on the percentage of a grantee’s annual CDBG allocation that may be used for capital projects in low and moderate-income neighborhoods.

It is important to note that federal funds must not be used to supplant general fund spending and all funded projects must meet one of HUD’s national objectives, serve and benefit low - and moderate- income persons or areas and work toward accomplishing a goal in the Consolidated Plan.

National Objectives
CDBG-funded activities must meet at least one of three national objectives set forth by HUD:

1. Benefit low and moderate-income persons;

2. Aid in the elimination of slum and blight; or

3. Meet a particular urgent community need because existing conditions pose a serious threat and no other source of funds is available. This national objective is rare and is designated only for activities that alleviate emergency conditions, e.g., fire, flood, earthquake.

Historically, CDBG funded activities in the City have focused on the first national objective of benefitting low and moderate-income persons.
2025-2029 Consolidated Plan Priorities
The community development priorities approved for the 2025-2029 Consolidated Plan are:

1. Support the development and preservation of affordable rental and homeownership units.

2. Expand access to supportive services to prevent and reduce homelessness, promote housing stability, and foster long-term solutions.

3. Promote safe and healthy communities by improving public facilities, upgrading infrastructure, and supporting neighborhood revitalization efforts.

4. Deliver essential supportive services to vulnerable populations, including youth, families, and seniors with low to moderate incomes and individuals with special needs 155
Item13.

RFP For Public Services and Community Development Activities:

RFP Focus
Pending City Council approval, Housing and Neighborhood Services staff will release an RFP to notify potential subrecipients of funding availability. Staff are seeking input and feedback from the public and City Council to determine which , if any, needs and /or subpopulations should be prioritized in the upcoming fiscal year. As this represents the second year of the City’s five -year Consolidated Plan, staff recommends maintaining a focus on all approved priorities. This approach ensures that the priorities outlined in the Consolidated Plan remain responsive to current communit y needs while supporting the City’s overarching long-term strategic goals.

City Council may direct staff to focus funding on one or more of the existing priorities for FY 2026 -2027.

Alternatively, City Council may amend the Consolidated Plan to add new or additional priorities.

Proposal Scoring Criteria
Once proposals are received, they are evaluated by Housing & Neighborhood Services staff using a standardized scoring rubric (included as Attachment “2”). The evaluation criteria include project eligibility and description; organizational capacity and experience, including experience administering federal grants; budget completeness and reasonableness; and the applicant’s ability to expend CDBG funds in a timely and compliant manner. In the event that the City Council recommends a focus on a certain priority, the evaluation criteria can be revised to ensure alignment with the priority.

Proposal Funding Limits
Additionally, staff are requesting guidance regarding minimum and maximum funding thresholds for public services funding requests. Currently, there are no established funding limits, allowing applicants to request any amount. In FY 2025, public services grant requests ranged from $8,600 and $172,525 and awards ranged from $8,600 to $35, 000, while capital improvement grant requests ranged from $50,000 and $314,000 and awards ranged from for $50,000 to $314,000.

Moving forward, staff recommend establishing funding limits of $10,000 - $50,000 for public services. As mentioned, funding for public services are capped at 15% of the City’s annual allocation. Implementing a funding range will allow the City to support multiple organizations, ensuring a more equitable distribution of available funds. For capital projects, staff recommend no funding limits. Establishing a cap on capital project funding could reduce financial flexibility and potentially delay the timely expenditure of funds.

Maintaining flexibility in capital allocations ensures the City can effectively respond to project d emands, funding availability, and implementation of timelines.

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New HUD Policy Requirements

Recent Executive Orders and related HUD policy changes may affect how CDBG funds are administered .

While core CDBG program requirements remain in place , several operational, compliance, and funding impacts are anticipated. On December 16, 2025, the City received its FY 2025 HUD grant agreement, which included Addendum s 1 and 2 – Policy Requirements issued pursuant to applicable Executive Orders, statues, and regulations (included as Attachment “3”). These policy provisions are mandatory and binding for all recipients and subrecipients of CDBG funds.

Organizations must ensure that all activities funded, in whole or in part, with CDBG funds are conducted in full compliance with these requirements. Failure to comply with these updated policies may lead to the suspension of payments or termination of the agreement.

Timeline/Next Steps
 February 18, 2026, Review and Affirm Priorities in a Public Hearing;  February 23, 2026, Release an RFP to the community for three weeks;  March 2026, Staff will review applications and prepares recommendations on funding;  April 2026, Staff will conduct one on one meetings with Councilmembers to review proposals;  April-May 2026, Staff will issue 30-day public notice to review 2026 Action Plan;  May 20, 2026, Staff will return to City Council for a second Public Hearing to present the Annual; Action Plan for adoption; and
 August 2026, Submit the 2026 Action Plan to HUD.

CONCLUSION
Staff recommends that the City Council re-affirm priorities for the first year of the 2025-2029 Consolidated Plan, approve the recommended allocation process for CDBG funds, and authorize the release of an RFP for public services and community development activities.

ATTACHMENTS
a) Attachment “1”—Draft CDBG RFP
b) Attachment “2”—CDBG RFP Application Scoring Rubric
c) Attachment “3”—U.S. Department of Housing and Urban Development — Federal Award Agreement Addendum 1 and 2
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Housing & Neighborhood Services
201 North Broadway, Escondido, CA 92025
Phone: 760-xx Fax: 760-xx

NOTICE OF REQUEST FOR PROPOSALS
February 23, 2026
Re: Notice of Request for Proposal s (“RFP”) No. 26-11– Community Development Block Grant Allocation for External Subrecipients Fiscal Year 2026-27 Notice is hereby given that the City of Escondido, a California municipal corporation (“City”), is soliciting proposals from qualified vendors to provide public services and Capital Improvement Projects (“CIP”) that meet the Community Development Block Grant (“CDBG”) Program’s national objectives and supports the City’s local priorities (“Project”). The contracts resulting from this RFP shall be funded with CDBG funds.

Prospective subrecipients must submit applicable proposal(s) to Dulce Salazar, Management Analyst, at [email protected] and Danielle Lopez, Housing and Neighborhood Services Manager at [email protected] no later than 5 p.m. on March 16, 2026 (“Submission Deadline”).

Any proposals received after the Submission Deadline will not be accepted.

Questions or comments concerning this RFP may be submitted via e -mail to Dulce Salazar , Management Analyst, at [email protected] and Danielle Lopez, Housing & Neighborhood Services Manager at [email protected] no later than 5 p.m. on March 2, 2026 (“Questions Deadline”). Any questions or comments regarding this RFP received after the Questions Deadline will be disregarded. E-mails concerning this RFP should state the following in the subject line:
“RFP No. 26-11 - CDBG.” Any communication regarding or relating to this RFP prior to the Submission Deadline with any City employee or official outside of Housing & Neighborhood Division Staff is strictly prohibited. A summary of questions from prospective subrecipients and City responses will be posted on the City’s website at www.escondido.gov/purchasing on March 5, 2026.

Each proposal shall be in accordance with specifications, instructions, and information contained in this RFP. The City reserves the right to reject any or all proposals for any reason it deems necessary, to waive defects or irregularities in any proposal, and to accept the proposal deemed the most advantageous to the City. This RFP does not commit the City to award a contract or to pay any costs incurred in the preparation of a response to this request.

Sincerely,
Dulce Salazar
Management Analyst – CDBG
City of Escondido
Attachment "1"
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A. Background
Funding for the federal CDBG Program is authorized under Title I of the Housing and Community Development Act. The United States Department of Housing and Urban Development (“HUD”) provides grants on a formula basis to entitled cities and counties, includi ng the City of Escondido, to develop viable urban communities through the provision of decent housing, a suitable living environment, and by expanding economic opportunities for lower income persons.

The primary purpose of the CDBG Program is to support ac tivities that enhance the overall quality of life in entitlement cities by focusing on three core objectives: community development, affordable housing, and economic opportunities that benefit low - and moderate -income individuals and neighborhoods.

By submitting a proposal in response to this RFP, prospective subrecipients certify that they take no exceptions to the terms and requirements of this RFP, including the terms of the City’s form Subrecipient Agreement, which is attached hereto as Exhibit 1 and incorporated by this reference.

All proposed CDBG-funded activities must meet at least one National Objective AND at least one Local Priority:

National Objectives

1) Benefit a majority of low and moderate -income (“LMI”) households or area. The LMI national objective is often referred to as the “primary” national objective because the statute requires that recipients expend 70-percent of their CDBG funds to meet the LMI national objective.

LMI is defined as those persons and households who earn at or below 80-percent of the Area Median Income (“AMI”) adjusted for family size for the San Diego Metropolitan Service Area (“MSA”) as defined in Section 102 of the Housing and Community Development Act of 1974. A table with the HUD income limits is include d as Exhibit 2. The Income limits are adjusted annually by HUD. Documentation of benefit to LMI persons is required for all CDBG -funded projects; or

2) Meet a community need having a particular urgency because existing conditions pose a serious and immediate threat to the health and/or welfare of the community and no other financial resources are available to meet the need; or

3) Aid in the prevention or elimination of conditions of slum and blight.

AND
FY 2025-2029 Local Priorities

1) Support the development and preservation of affordable rental and homeownership opportunities.

2) Expand access to supportive services to prevent and reduce homelessness, promote housing stability, and foster long-term solutions.

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3) Promote safe and healthy co mmunities by improving public facilities, upgrading infrastructure, and supporting neighborhood revitalization efforts.

4) Deliver essential public services to vulnerable populations, including youth, families, and seniors with low to moderate incomes and individuals with special needs.

C. Funding Source

HUD has not announced the City’s CDBG funding allocation for FY 2026-27, but we anticipate receiving $1,378,005, the same allocation as last fiscal year. The funding is determined by a formula calculated by HUD based on population, people in poverty, overcrowded units, population growth lag since 1960, and pre-1940 housing units from the American Community Survey (“ACS”). The City’s allocation can fluctuate year-to-year causing funding to increase or decrease in various programs.

The CDBG grant program has strict guidelines on expenditures for public services, administration and capital improvements. The maximum allocation for public services dollars is 15% of the total allocation, 20% of the CDBG budget is reserved for administration and mandatory fair housing requirements; and the remainder will be available for public facilities and infrastructure projects.

It is important to note that CDBG funds received by a selected subrecipient for public services must be expended no later than June 30, 2027. CIPs awarded by the City to selected subrecipients are not subject to a cap and are not limited to the program year grant cycle. The duration of CIPs can extend beyond the CDBG program grant year . Subrecipients who receive funds for CIPs must be demonstrate project readiness, have site control, a well-developed plan, and be committed to quickly and responsibility execute their projects.

D. Program Description

The CDBG Program is guided by a 5-Year Consolidated Plan. This Plan will be approved by City Council on June 4, 2025, and outlines the City’s goals and funding priorities for Community Development Block Grant (CDBG), HOME Investment Partnerships Program ( HOME), and Emergency Solutions Grants (ESG) through June 30, 202 7. Extensive public outreach and consultation, needs assessments, and market analyses on local data were conducted to determine the most critical community needs and strategic goals within the City of Escondido.

E. Eligibility

1) APPLICANT ELIGIBILITY – Prospective applicants must meet the following definition of subrecipient:

A “subrecipient” may be a public agency, a public or private nonprofit organization, a Community-Based Development Organization ( “CBDO”) if designated as a subrecipient, or a for -profit entity authorize d under 24 CFR 570.201(o) that the grantee awards CDBG funds to carry out agreed -upon activities on its behalf (see 24 CFR 570.500(c)). Non-profit organizations must be granted non -profit status under the internal Revenue Code (Section 501(c)(3), (c)(4) or (c)(5)), and must be incorporated for at least one year by the application submittal date.

Faith-based organizations cannot use CDBG funds to support worship, religious instruction or proselytization. Religious activities must be offered separately from the CDBG supported activity. Faith- based organizations that participate in the CDBG program will retain independence from federal, state, Attachment "1"
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and local governments and may carry outs its mission provided CDBG funds are not used to support religious activities. Faith-based organizations that participate in the CDBG program shall not discriminate against a program beneficiary on the basis of religion or religious belief.

NOTE: The City of Escondido does not directly fund individuals through this program.

2) PROJECT ELIGIBILITY

In order to qualify for CDBG funding, federal regulations require that all programs and projects must:
a. Meet at least one of the three National Objectives described in Section B, above; b. Address one or more of the local Consolidated Plan Goals and Priorities described in Section B, above;
c. Be an eligible activity as set forth in 24 CFR §570.201; and d. Not be ineligible as set forth in 24 CFR §570.207, among other requirements.

Projects that fail to meet these applicable tests will NOT BE considered for CDBG funding.

Examples of activities that will render a project ineligible include:
• Programs or services that primarily serve non-Escondido residents • Projects or programs that do not serve primarily LMI persons • New housing construction
• Political activities
• Income payments, stipends, marketing and fundraising
• Purchase of equipment, furnishings or personal property • Services that promote religious activities
• Payment of debt or pre-award expenses
• Entertainment, furnishings and personal property

For complete list of eligible and ineligible activities please review 24 CFR §570.201 and 24 CFR §570.207.

F. Scope of Services and Deliverables

Each selected subrecipient will be expected to meet measurable outcomes established within the Scope of Services (“SOS”). Subrecipients will be expected to submit quarterly reports, invoices, and narratives highlighting their accomplishments, successes , and challenges within the CDBG program. Each of these outcomes will be individually tailored and co-created with the subrecipient based on their project design. It is important to note that all funding reimbursements for the CDBG will be tied to outcome achievements.

G. Right to Submitted Material

This RFP does not commit the City of Escondido to award a contract, to pay any costs incurred in the preparation of a proposal or contract, or to procure or contract for, any services. The City reserves the right to accept or reject any or all proposals received as a result of this RFP, or to amend, cancel (in part or in whole) this RFP if it is in the City’s best intere st to do so. All proposals, reports and data submitted to the City shall become the property of the City of Escondido and may not be returned.

H. Proposal Deadlines and Schedule

The following is an estimated schedule relating to this RFP:

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Activity Date
CDBG Application Released February 23, 2026
Questions Deadline March 2, 2026 by 5 p.m.

Response to Questions Released March 5, 2026
RFP Closes March 16, 2026 by 5 p.m.

Return to City Council to Approve Award May 20, 2026
Notice of Contract Award June 2026
Subrecipient must expend 100% of public service contract funds June 30, 2027 * The City reserves the right to modify, in its sole discretion, the dates set forth in the table above.

I. Proposal Content

Prospective subrecipients must submit a proposal using the format attached to this RFP in Exhibit 3, which is attached hereto and incorporated by this reference. Subrecipients must include answer all of the questions or indicate not applicable. Any proposals that do not have a response to each inquiry in Exhibit 3 may be considered incomplete and non-responsive.

Prospective subrecipients are responsible for preparing and timely submitting an effectiv e, clear, and concise proposal. Proposals must be limited to 25 pages (excluding attachments). Each proposal shall demonstrate the qualifications, competence, and capacity of the prospective subrecipients to perform the services described within the timeframe in the table above, and in conformity with the requirements of this RFP.

The selected Subrecipient’s proposal submitted in response to this RFP may become part of the resulting Subrecipient Agreement (Exhibit 1). Any proposed waiver, or change to the resulting Subrecipient Agreement (Exhibit 1) must be clearly identified in Prospective Subrecipient’s proposal. All contracts, and any addenda thereto, shall be subject to the City’s sole discretion and approval. The requirements and service standards of this RFP and the responses of the successful Subrecipients will be incorporated by reference into the resulting agreement regarding the Project. The successful Subrecipient shall enter into a contract within 30 calendar days of the City’s Notice of Award in substantially the same form as Exhibit 1.

J. Selection Process

Proposals will be analyzed and the award made to the most responsive and responsible bidder whose proposal conforms to the solicitation and whose proposal is considered to be most advantageous to the City.

Criteria Percentages
Agency Information, Capacity and Experience 30%
Project Description 50%
Financial Information 20%
TOTAL 100%
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Final determination of the award(s) resulting from this RFP shall be at the sole discretion of the City based on the scoring, and the City’s determination of the proposer’s ability to meet the needs of the City and provide the best value. Best value means the most advantageous offer(s) determined by the City’s sole evaluation of all relevant criteria, including but not limited to price, performance history, and quality of goods and/or services. The City will act as the sole judge of the merit and qualifications of the materials and services offered and accept whatever proposal is deemed to be in the best interest of the City. The City reserves the right to take any of the following actions if it determines it is in the City’s best interest to do so:

1. Reject any or all proposals;

2. Request clarification of any submitted information;

3. Waive any informalities or irregularities in any proposal;

4. Not enter into any contract;

5. Cancel this process at any time;

6. Amend this process at any time;

7. Enter into negotiations with one or more Subrecipients; and/or

8. Issue similar solicitations in the future; or request additional information from prospective Subrecipients.

K. General Conditions

PLEASE READ CAREFULLY. THE FOLLOWING GENERAL TERMS AND CONDITIONS ARE A

PART OF ALL PROPOSALS SUBMITTED IN RESPONSE TO THIS RFP AND THE RESULTING CONTRACT.

This RFP as advertised; the specification requirements detailed in this RFP (including the follow ing General Provisions) are subject to all provisions of the Ordinances of the City of Escondido. Each prospective subrecipient submitting a response to this RFP warrants that the submitted proposal is genuine and non-collusive, or made in the interest of any person, firm, company, or corporation. Each prospective s ubrecipient must submit all of the documents listed in Exhibit 3, including the Environmental Review Section (attached to this RFP as Exhibit 4). A non-collusion declaration shall be properly completed and returned with the proposal documents. The non-collusion declaration form is attached to this RFP as Exhibit 5 and incorporated herein by this reference. The non -collusion declaration will not count against the proposal page limit.

In submitting a proposal in response to this RFP, each prospective Subrecipient agrees to the following general terms and conditions:

1. Public Information: The City reserves the right to retain all proposals submitted and to use any ideas in a proposal regardless of whether that proposal is selected. Submission of a proposal in response to this RFP indicates the prospective subrecipient’s acceptance of all terms and conditions contained in this RFP, including all exhibits and attachments hereto, unless clearly and specifically stated otherwise.

2. Confidential Information: Any information deemed confidential or proprietary should be clearly identified by the prospective Subrecipient as such. Information identified as confidential or proprietary will be protected and treated with confidentiality to the extent permitted by applicable local, state, and federal law.

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3. Addendums: The City reserv es the right to amend, alter, or revoke this RFP at any time. Any modifications, clarification, or additions will be posted to Bidnet direct at https://www.bidnetdirect.com/california/cityofescondido.

4. Proposal Preparation Cost: The City is not obligated to reimburse any prospective Subrecipient for expenses incurred in preparing proposals in response to this RFP. All Prospective Subrecipients shall bear their own costs, fees, and expenses incurred in preparing proposals in response to this RFP.

5. Withdrawal of Proposal: A prospective Subrecipient may modify or withdraw their proposal, either personally or by written request via email, at any time prior to the Submission Deadline. Such requests should be directed to the City’s Management Analyst at [email protected].

6. Inaccuracies or Misinterpretations: Subject to the City’s sole discretion, the City may terminate a prospective Subrecipient from the RFP process or terminate any agreement with the Prospective Subrecipient if the City det ermines that said Prospective Subrecipient has: (i) made a material misstatement, (ii) made a material misrepresentation, or (iii) provided materially inaccurate information.

7. Optional Items: Prospective Subrecipients may elect to provide recommendations and pricing for optional items. Pricing for optional items shall not be included in the minimum requirements pricing.

8. Business License: The successful Subrecipient shall be required to obtain a City of Escondido Business License pursuant to the terms of Exhibit 1.

9. Signature: All proposals shall be signed in the name of the prospective Subrecipient and shall bear the signature of the persons duly authorized to sign the proposal. An electronic signature shall be acceptable and deemed to have the same legal effect as a handwritten signature. Obligations assumed by such signature shall be fulfilled.

10. Right to Reject Proposal: The City reserves the right to reject any or all proposals, to waive any non- material irregularities or information in any proposal, and to accept or reject any items or combination of items. The City is not obligated to explain or justify its selection or rejection of any Prospective Subrecipient. All proposal s submitted in response to this RFP shall immediately become property of the City.

11. Right to Conduct Personal Interviews: The City reserves the right to conduct personal interviews or require oral presentations of any or all prospective Subrecipients prior to selection.

12. Right to Request Additional Information : Prospective Subrecipients shall furnish additional information as the City may reasonably require. The City reserves the right to investigate the qualifications of prospective Subrecipients as it deems appropriate.

13. Right to Determine Financial Responsibility and Viability: The City reserves the right to request information pertaining to the financial stability of a prospective Subrecipient to allow an appraisal of a prospective Subrecipient’s current financial condition.

14. Understanding the Services to be Performed: By submitting a proposal in response to this RFP, each prospective Subrecipient certifies that they have fully read and understand this RFP and have full knowledge of the scope, nature, quantity, and quality of services to be performed. Each Attachment "1"
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prospective Subrecipient understands that, if successful, they will be required to enter into a written contract in substantially the same form as Exhibit 1.

15. Award of Contract: Proposals submitted in response to this RFP will be analyzed and the contract awarded to the responsible prospective Subrecipient whose proposal conforms to this RFP and is considered to be the most advantageous to the City, taking into consideration not just the proposal price, but also the evaluation criteria set forth in this RFP. If the prospective Subrecipient does not execute a contract in substantially the same form as Exhibit 1 within 30 days after notification of award, the City may, subject to its sole discretion, (i) give notice to the Prospective Subrecipient of the City's intent to select from the remaining Prospective Subrecipients or (ii) issue a new RFP for the services.

16. Contract Funding: The City’s funding of any agreement resulting from this RFP shall be subject to applicable appropriations. Prospective Subrecipient acknowledges that the City is a municipal corporation, is precluded by the State Constitution and other laws from entering into obligations that financially bind future governing bodies, and that, therefore, nothing in this RFP shall constitute an obligation of future legislative bodies of the City or State to appropriate funds for any agreement resulting from this RFP. Accordingly, prospective Subrecipients acknowledge and agree that the funding for any agreement resulting from this RFP shall be contingent upon appropriation of funds.

17. City Provisions to Prevail: The terms of this RFP and the terms of any agreement resulting from this RFP shall govern the services. Any standard terms and conditions of the successful Subrecipient shall not be acceptable to the City unless expressly agreed to by the City by separate document.

The City reserves the right to reject a proposal conta ining unacceptable conditions as non - responsive as a condition of evaluation or award of the proposal.

18. Equal Employment Opportunity: The Subrecipient awarded the project shall comply with all equal employment opportunity provisions of federal, state, and local non -discrimination laws, orders, regulations and guidelines as may be applicable to the Subrecipient and be in effect during the performance of any agreement resulting from this RFP.

19. Subrecipient Agreement: Subrecipients submitting a proposal in r esponse to this RFP shall be prepared to use the City’s standard contract form ( Exhibit 1) rather than its own contract form.

Services may not commence until Agreement for services is executed.

20. Prospective Subrecipient’s Invoices: Invoices shall be prepared and submitted to the Housing & Neighborhood Services, ATTN: Dulce Salazar, 201 N. Broadway, Escondido, CA 92025 or via email to [email protected]. Invoices shall be submitted on a monthly basis and contain the following information: Purchase Order number, description of services rendered, rates, quantities, extended totals, and remaining balances. Invoices should include all applicable sales or other taxes, and shall be remitted to appropriate agencies on the City’s behalf. All payments made pursuant to this contract are not assignable and shall only be made payable to the seller.

21. Payment Terms: The City’s payment terms are within 30 days from date of received invoice.

Additional time may be allotted for payment if the invoice the City deems the incomplete or has outstanding questions regarding pending charges. No pre-payment or partial up front down payment will be made for any services or equipment. The ti me period allowed for payment, as indicated on the face hereof or offered by quote, bid, or proposal shall commence upon receipt of Prospective Subrecipient’s invoice or upon receipt of the goods or services, whichever is later.

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22. Insurance Requirements: The successful Subrecipient must have insurance in accordance with the requirements listed in Exhibit 1.

23. Public Agency Clause: It is intended that other public agencies (e.g., city districts, public authorities, municipal utilities, public school districts and other political subdivisions or public corporations of California) shall have the option to participate in any award made as a result of this solicitation. The City shall incur no financial responsibility for their order placement and payments to the successful Subrecipient. This option shall not be considered in proposal evaluation. State whether said option is granted:

______________ ______________

YES NO

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EXHIBIT 1

SUBRECIPIENT AGREEMENT
between

CITY OF ESCONDIDO
and

NONPROFIT NAME
for

PROJECT TITLE

This SUBRECIPIENT AGREEMENT (“Agreement”) is made and entered into as of the last signature date set forth below (“Effective Date”) by and between the City of Escondido, a California municipal Corporation (“Grantee”) and [NONPROFIT NAME/ENTITY DESIGNATION] (“Subrecipient”). (The City and Subrecipient may each individually be referred to herein as a “Party” and collectively as the “Parties.”)

WHEREAS, the Grantee has applied for and received funds from the United States Government under Title I of the Housing and Community Development Act of 1974, as amended (HCD Act), Public Law 93-383; and

WHEREAS, the Grantee wishes to engage the Subrecipi ent to assist the Grantee in utilizing such funds.

NOW, THEREFORE, the Parties mutually agree as follows:

I. SCOPE OF SERVICE

A. Activities. The Subrecipient shall be responsible for administering a Community Development Block Grant (“CDBG”) Year [_____] program titled, [Project Title] in a manner satisfactory to the Grantee and consistent with any standards required as a condition of provid ing these funds.

Such program shall include the activities eligible under the CDBG program that are specified in Exhibit A, which is attached hereto and incorporated herein by this reference (“Activities”).

B. National Objectives.

1. All activities funded with CDBG funds must meet one of the CDBG program’s National Objectives: benefit low- and moderate-income persons; aid in the prevention or elimination of slums or blight; or meet community development needs having a particular urgency, a s further described in 24 C.F.R. § 570.208.

2. The Subrecipient certifies that the Activities carried out under this Agreement will meet the National Objective of [________________].

C. Levels of Accomplishment – Goals and Performance Measures. The levels of accomplishment may include such measures as units rehabilitated, persons or households assisted, or meals served, and should include periods for performance. The Subrecipient agrees to provide certain levels of program services, as set forth in Exhibit A.

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D. Staffing. Subrecipient shall be responsible for staff and time to be allocated to each of the Activities, as set forth in Exhibit A.

E. Performance Monitoring. The Grantee will monitor the performance of the Subrecipient against the goals and performance standards stated within this Agreement. Substandard performance as determined by the Grantee sha ll constitute noncompliance with this Agreement. If the Subrecipient does not take action to correct such substandard performance within 30 days after being notified by the Grantee, Grantee may suspend or terminate this Agreement pursuant to the procedures described herein.

II. TIME OF PERFORMANCE

A. The Subrecipient’s performance of the Activities shall commence on [________________] and end on [_______________].

B. The term of this Agreement shall be extended to cover any additional time period during which the Subrecipient remains in control of CDBG funds or other CDBG assets, including any program income as defined by 24 C.F.R. § 570.500 (“Program Income”).

III. BUDGET

A. Subrecipient shall adhere to the budget specified in Exhibit B, which is attached hereto and incorporated herein by this reference (“Budget”).

B. Any indirect costs charged must be consistent with the conditions of Paragraph IX(C)(2) of this Agreement.

C. The Grantee may require a more detailed Budget breakdown than what is contained in Exhibit B, and the Subrecipient shall provide such supplementary Budget information in a timely fashion in the form and content prescribed by the Grantee. Any changes to the Budget may only be made by written amendment signed by both the Grantee and the Subrecipient

IV. PAYMENT

A. The total amount to be paid by the Grantee under this Agreement shall not exceed [_________________].

B. Drawdowns for the payment of eligible expenses shall be made against line items specified in the Budget and in accordance with Subrecipient’s performance of the Activities. Expenses for general administratio n shall also be paid against line items specifie d in the Budget and in accordance with Subrecipient’s performance of the Activities.

C. Payments to the Subrecipient are contingent upon the U.S. Department of Housing and Urban Development’s (“HUD”) delivery of payment to the Grantee.

D. Payments to the Subrecipient may be contingent upon certification of the Subrecipient’s financial management system in accordance with the standards specified in 2 C.F.R. § 200.302.

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V. NOTICES

A. All notices required by this Agreement shall be in writing and delivered to the appropriate Party via mail (postage prepaid), commercial courier, or personal delivery, or sent by e-mail.

B. All communications and details concerning this Agreement shall be directed to the following representatives:

If to the Grantee

City of Escondido
201 N. Broadway
Escondido, CA 92025
Attn: Dulce Salazar
[email protected]
760-839-4057

If to the Subrecipient

[______________
_______________
_______________
_______________
_______________
_______________]

VI. GENERAL CONDITIONS

A. General Compliance. The obligations undertaken by Sub-recipient include, but are not limited to, the obligation to, as applicable, comply with each of the following as may be amended from time to time:

1. The Subrecipient shall comply with the requirements of 24 C.F.R. Part 570 (HUD regulations concerning CDBG), including Subpart K of such regulations, except that (1) the Subrecipient does not assume the recip ient’s environmental responsibilities described in 24 C.F.R. § 570.604 and (2) the Subrecipient does not assume the recipient’s responsibility for initiating the review process under the provisions of 24 C.F.R. Part 52.

2. The Subrecipient shall comply with all applicable federal, state, and local laws, regulations, and policies governing the funds provided under this Agreement.

3. The Subrecipient shall utilize funds available under this Agreement to supplement rather than supplant funds otherwise available.

4. The regulations in 24 CFR Part 58 specifying other provisions of the law that further the purposes of the National Environmental Policy Act of 1969 and the procedures by which Grantee must fulfill their environmental responsibilities.

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B. Independent Contractor . Nothing contained in this Agreement is intended to, or shall be construed in any manner, as creating or establishing the relationship of employer/employee between the P arties. The Subrecipient is an independe nt contractor and no agency or employment relationship, either express or implied, is created by the execution of this Agreement. The p erformance of the Activities is an integral part of the regular business operations of the Subrecipient. The Subrecipient shall have exclusive control over all work performed by its employees and the manner in which it is performed and shall determine the method, details, and means of performing the Activities. In addition to any other indemnification required by the Subrecipient under this Agreement, the Subrecipient indemnifies Grantee for any claims, losses, costs, fees, liabilities, damages, or injuries suffered by the Grantee arising out of the Subrecipient’s breach of this section.

C. Grantee Recognition. The Subrecipient shall insure recognition of the role of the Grantee in the Subrecipient’s performance of the Activities through this Agreement. Any activity, facility, or item utilized pursuant to this Agreement shall be prominently labeled as to its funding source.

In addition, the Subrecipient shall include a reference to the support provided in this Agreement in all publications made possible with funds made available under this Agreement.

D. Amendment.

1. The Grantee or the Subrecipient may amend this Agreement at any time provided that such amendment makes specific reference to this Agreement; is executed in writing and signed by a duly authorized repre sentative of each Party; and is approved by the Grantee’s governing body.

2. The Grantee may, in its discretion, amend this Agreement to comply with federal, state, or local laws, regulations, guidelines, or policies, except that if any such amendment results in a change in the funding or the Activities under this Agreement, such a mendment may be made only by written amendment signed by both the Grantee and the Subrecipient as otherwise required by this Agreement.

VII. INDEMNIFICATION, BONDING, INSURANCE

A. Indemnification, Duty to Defend, and Hold Harmless . The Subrecipient (includi ng the Subrecipient’s agents, employees, and subcontractors, if any) shall hold harmless, defend, and indemnify the Grantee, 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 litigation costs and expenses (collectively, “Claims”), of every nature caused by, arising out of, or in connection with the Subrecipient’s (including the Subrecipient’s agents, em ployees, and subcontractors, if a ny) performance of the Activities or its failure to comply with any of its obligations contained in this Agreement, except where caused by the active negligence, sole negligence, or willful misconduct of the Grantee. This provision shall survive the termination of this Agreement.

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Escondido City CouncilFebruary 18, 2026

Escondido City Council
February 18, 2026