Agenda packet — Escondido City Council, May 13, 2026 (part 1 of 5)

CITY of ESCONDIDO

Council Meeting Agenda
WEDNESDAY, MAY 13, 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)

DEPUTY CITY MANAGER
Christopher McKinney

ASSISTANT CITY ATTORNEY
Dare DeLano

CITY CLERK
Zack Beck

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

In Person On TV Online

201 N. Broadway Cox Cable Channel 19 and U-verse Channel 99 www.escondido.gov

1 Wednesday, May 13, 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, May 13, 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 REAL PROPERTY NEGOTIATORS (Government Code § 54956.8) a. Property: 272 E. Via Rancho Pkwy., Escondido (Mershops North County Mall) Agency Negotiator: Christopher McKinney, Deputy City Manager, or designees Negotiating Party: Costco Wholesale Corporation
Under Negotiation: Price and Terms of Ground Lease and REA

2. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION (Government Code §54956.9(d)(3) a. Significant exposure to litigation: 1 potential

ADJOURNMENT

3 Wednesday, May 13, 2026

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

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

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

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

PROCLAMATIONS
2026 National Public Works Week
National Building Safety Month
Mental Health Awareness Month
Economic Development Month

CLOSED SESSION REPORT

ORAL COMMUNICATIONS
In addition to speaking during particular agenda items, the public may address the Council on any item which is not on the agenda provided the item is within the subject matter juris diction 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 addr ess the Council under Oral Communications.

4 Wednesday, May 13, 2026

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 o n 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
Request the City Council approve the City Council and Housing Successor Agency warrants issued between April 27, 2026 to May 03, 2026.

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

3. APPROVAL OF MINUTES: None

4. WAIVER OF READING OF ORDINANCES AND RESOLUTIONS

5. TREASURER’S INVESTMENT REPORT FOR THE QUARTER ENDED MARCH 31, 2026 Request the City Council approve the Quarterly Investment Report for the quarter ended March 31, 2026.

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

6. THE CITY OF ESCONDIDO’S INVESTMENT POLICY
Request the City Council adopt Resolution No. 2026-79, approving the City of Escondido’s May 2026 Investment Policy.

Staff Recommendation: Approval (Finance Department: Douglas Shultz, City Treasurer) Presenter: Douglas Shultz, City Treasurer
a) Resolution No. 2026-79

5 Wednesday, May 13, 2026

7. REQUEST APPROVAL FOR CHANGE ORDER TO THE PUBLIC IMPROVEMENT AGREEMENT WITH PALM ENGINEERING CONSTRUCTION COMPANY, INC. FOR THE MOUNTAIN VIEW PARK PICKLEBALL COURTS

PROJECT
Request the City Council adopt Resolution No. 2026-73, to execute a change order to the public improvement agreement with Palm Engineering Construction Company, Inc. for the installation of a shade structure, picnic tables and construction of a concrete pad in the amount of $98,620.84.

Staff Recommendation: Approval (Development Services Department: Kevin Snyder, Development Services Director)
Presenter: Michael Tully, Project Manager
a) Resolution No. 2026-73

8. FIRST AMENDMENT TO NV5, INC. IN THE AMOUNT OF $200,000 FOR ON-CALL BUILDING PLAN REVIEW

AND INSPECTION SERVICES
Request the City Council adopt Resolution No. 2026-62 authorizing the Mayor to execute the First Amendment to the Consulting Services Agreement with NV5, Inc. in the amount of $200,000 for on-call building plan review and inspection services.

Staff Recommendation: Approval (Development Services: Kevin Snyder, Development Services Director) Presenter: Douglas Moody, Building Official
a) Resolution No. 2026-62

9. SECOND AMENDMENT TO INTERWEST CONSULTING GROUP, INC. IN THE AMOUNT OF $550,000 FOR

ON-CALL BUILDNG PLAN REVIEW AND INSPECTION SERVICES
Request the City Council approve Resolution No. 2026-63 authorizing the Mayor to execute the Second Amendment to the Consulting Services Agreement with Interwest Consulting Group, Inc. in the amount of $550,000 for on-call building plan review and inspection services.

Staff Recommendation: Approval (Development Services Department: Kevin Snyder, Director of Development Services)
Presenter: Doug Moody, Building Official
a) Resolution No. 2026-63

6 Wednesday, May 13, 2026

10. NOTICE OF COMPLETION FOR THE EMERGENCY REPAIR OF THE ESCONDIDO TRUNK SEWER MAIN Request the City Council adopt Resolution No. 2026-51, authorizing the Director of Utilities to file a Notice of Completion for the Emergency Repair of the Escondido Trunk Sewer Main.

Staff Recommendation: Approval (Utilities Department: Daniel Peterson, Director of Utilities) Presenter: Daniel Peterson, Director of Utilities
a) Resolution No. 2026-51

CURRENT BUSINESS

11. BOARD AND COMMISSION INTERVIEWS
Request the City Council conduct interviews of applicants to fill vacancies on the City's Boards and Commissions.

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

PUBLIC HEARINGS

12. SHORT-FORM RENT INCREASE APPLICATION FOR GREENCREST MOBILEHOME PARK Request the City Council, serving in its role as the City of Escondido Mobilehome Rent Review Board, (1) review and consider Greencrest Mobilehome Park’s Short-Form Application and (2) adopt Mobilehome Rent Review Board Resolution No. RRB 2026-65.

Staff Recommendation: Approval (Development Services Department: Kevin Snyder, Development Services Director)
Presenter: Carlos Cervantes, Management Analyst and Stephen Jacobson, Code Compliance Officer II a) Resolution No. RRB 2026-65

7 Wednesday, May 13, 2026

13. SHORT-FORM RENT INCREASE APPLICATION FOR EASTWOOD MEADOWS MOBILEHOME PARK Request the City Council, serving in its role as the City of Escondido Mobilehome Rent Review Board, (1) review and consider Eastwood Meadows Mobilehome Park Short-Form Application; and (2) adopt the Rent Review Board Resolution No. RRB 2026-61.

Staff Recommendation: Approval (Development Services Department: Kevin Snyder, Development Services Director)
Presenter: Carlos Cervantes, Management Analyst; Stephen Jacobson, Code Compliance Officer II a) Resolution No. RRB 2026-61

14. 2025 URBAN WATER MANAGEMENT PLAN
Request the City Council: Adopt Resolution No. 2026-67, approving the 2025 Urban Water Management Plan; Adopt Resolution No. 2026-68, approving the Water Shortage Contingency Plan; and Adopt Ordinance No. 2026-10 approving amendments to Chapter 31, Section 232 of the Escondido Municipal Code.

Staff Recommendation: Approval (Utilities Department: Daniel Peterson, Director of Utilities) Presenter: Daniel Peterson, Director of Utilities
a) Resolution No. 2026-67
b) Resolution No. 2026-68
c) Ordinance No. 2026-10 (First Reading and Introduction)

15. AMENDMENT TO LOCAL ENCAMPMENT ORDINANCE
Request the City Council adopt Ordinance No. 2026-08, amending Escondido Municipal Code section 17-

8.1 through section 17-8.7 relating to regulations of encampments on public property.

Staff Recommendation: Approval (Public Works Department: Joseph Goulart, Director of Public Works and City Attorney’s Office: Michael McGuinness, City Attorney) Presenter: Jake Nyberg, Assistant Director of Public Works and Mathew Ciremele, Police Sergeant a) Ordinance No. 2026-08 (First Reading and Introduction)

8 Wednesday, May 13, 2026

16. AMENDMENTS TO FIREWORKS ORDINANCE
Request the City Council adopt Ordinance No. 2026-06, amending Escondido Municipal Code Chapter 17, Article 4, Division 2 (“Fireworks Ordinance”) to regulate fireworks. The amendment will update the existing Ordinance regarding fireworks regulations pursuant to the City’s police power on the operation and use of fireworks; to promote the public health and safety; and to prevent the fire risks, noise disturbances, air pollution, litter, and adverse impacts on military veterans, pets, and other vulnerable populations.

Staff Recommendation: Approval (Police Department: Ken Plunkett, Chief of Police) Presenter: Ryan Banks, Police Captain
a) Ordinance No. 2026-06 (First Reading and Introduction)

CURRENT BUSINESS

17. THE DOWNTOWN ESCONDIDO PROPERTY BUSINESS IMPROVEMENT DISTRICT (PBID) Request the City Council adopt Resolution No. 2026-66 authorizing the City Manager to sign the petition and ballot and other documents for all City-owned properties in support of the Downtown Escondido Property Business Improvement District (“PBID”).

Staff Recommendation: Approval (Economic Development Department: Jennifer Schoeneck, Director of Economic Development)
Presenter: Jennifer Schoeneck, Director of Economic Development a) Resolution 2026-66

18. EMERGENCY MEDICAL SERVICES (EMS) USER FEE REVIEW AND COUNCIL DIRECTION Request the City Council provide direction to staff regarding the City’s EMS user fees following a comparative review of regional fee structures and an evaluation of current cost-recovery levels.

Staff Recommendation: Provide Direction (Fire Department: Tyler Batson, Fire Chief) Presenter: Tyler Batson, Fire Chief

9 Wednesday, May 13, 2026

FUTURE AGENDA

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

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

COUNCILMEMBERS SUBCOMMITTEE REPORTS AND OTHER REPORTS

CITY MANAGER’S REPORT
The most current information fr om the City Manager regarding Economic Development, Capital Improvement Projects, Public Safety, and Community Development.

ADJOURNMENT

UPCOMING MEETING SCHEDULE
Wednesday, May 20, 2026 4:00 & 5:00 PM Closed Session, Regular Meeting, Council Chambers Wednesday, June 03, 2026 4:00 & 5:00 PM Closed Session, Regular Meeting, Council Chambers

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

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

10 Consent Item No. 1 May 13, 2026

A F F I D A V I T S

I T E M

P O S T I N G –

 RECEIVE AND FILE THE UTILITIES 2026 URBAN WATER MANAGEMENT PLAN (“UWMP”), WATER SHORTAGE CONTINGENCY PLAN (“WSCP”), AND ACCEPT

PUBLIC COMMENT ON THE REPORT

 ORDINANCE NO. 2026-08: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ESCONDIDO, CALIFORNIA, AMENDING CHAPTER 17 OF THE

ESCONDIDO MUNICIPAL CODE TO REGULATE ENCAMPMENTS ON PUBLIC

PROPERTY

 ORDINANCE NO. 2026-06: AN ORDINANCE OF THE CITY COUNCIL OF THE

CITY OF ESCONDIDO, CALIFORNIA, AMENDING ESCONDIDO MUNICIPAL CODE CHAPTER 17, ARTICLE 4, DIVISION 2 TO REGULATE FIREWORKS 11 Item1.

CITY

OF ESCONDIDO

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

NOTICE OF PUBLIC HEARING
NOT
ICE IS HEREBY GIVEN on WEDNESDAY, MAY 13, 2026 at 5 p.m., the Escondido City Council of the City of Escondido will hold a Public Hearing to consider the following item:

RECEIVE AND FILE THE UTILITIES 2026 URBAN WATER MANAGEMENT PLAN (“UWMP”), WATER SHORTAGE CONTINGENCY PLAN (“WSCP”), AND ACCEPT PUBLIC COMMENT ON THE REPORT.

Duri
ng the Public Hearing, Utilities Department staff will present information detailing:
x UWMP and WSCP background
x UWMP and WSCP is required by the California Department of Water Resources x Recommended UWMP and WSCP actions, including an amendment to Escondido Municipal Code § 31-232, adding two additional response levels
IF YOU CHALLENGE this item in court, you may be limited to raising only those issues you or someone else raised at the Public Hearing described in this notice, or in written correspondence delivered to the City Council, at or prior to the Public Hearing.

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

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

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

FOR ADDITIO
NAL INFORMATION, please contact Ki m Silva, Environmental Programs Manager (760) 839-4076.

ZACK BECK, City Clerk
City of Escondido
Published in THE ESCONDIDO TIMES ADVOCATE: 4/30/26
12 Item1.

CITY OF ESCONDIDO

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

NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN on WEDNESDAY, MAY 13, 2026, at 5 p.m., the Escondido City Council of the City of Escondido will hold a Public Hearing to consider the following item:

ORDINANCE NO. 2026-08: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ESCONDIDO, CALIFORNIA, AMENDING CHAPTER 17 OF THE ESCONDIDO MUNICIPAL

CODE TO REGULATE ENCAMPMENTS ON PUBLIC PROPERTY
During the Public Hearing, Public Works Department staff will present information detailing:
x The current Encampment Ordinance
x Practical challenges with the abatement of encampments x Solutions to the outlined challenges
x Amendments to the Escondido Encampment Ordinance
IF YOU CHALLENGE this item in court, you may be limited to raising only those issues you or someone else raised at the Public Hearing described in this notice, or in written correspondence delivered to the City Council, at or prior to the Public Hearing.

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

ALL INTERESTED PERSONS are invited to attend sa id Public Hearing to express their opinion in this matter. The aforementioned Public Hearing will be held in the Council Chambers, 201 N.

Broadway, Escondido, California, 92025.

PUBLIC COMMENT: To submit comments in writing, please do so at the following link:
https://escondido-ca.municodemeetings.com/bc-citycouncil/webform/public-comment FOR ADDITIONAL INFORMATION, please contact Jake Nyberg, (760) 839-4668.

ZACK BECK, City Clerk
City of Escondido
April 30, 2026
Published in THE ESCONDIDO TIMES ADVOCATE: 4/30/26
13 Item1.

CITY OF ES

CONDIDO

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

NOTICE OF P

UBLIC HEARING

NOTICE IS
HEREBY GIVEN on WEDNESDAY, MAY 13, 2026, at 5 p.m., the Escondido City Council of the City of Escondido will hold a Public Hearing to consider the following item:

ORDINANCE NO. 2
026-06: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ESCONDIDO, CALIFORNIA, AMENDING ESCONDIDO MUNICIPAL CODE CHAPTER 17, ARTICLE 4, DIVISION 2 TO REGULATE FIREWORKS.

During the Publ
ic Hearing, Escondido Police Department staff will present information detailing:
• The current enfor
cement landscape for fireworks
• Limitations with the current Ordinance
• Key changes to alleviate those limitations
• Amendments to the Escondido Fireworks Ordinance

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

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

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

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

FOR ADDITIONAL I
NFORMATION, please contact Ryan Banks (760) 839-4722
ZACK BECK, City C
lerk
City of Escondido
April 30, 2026
Published in THE ESCONDIDO TIMES ADVOCATE: 4/30/26
14 Item1.

STAFF REPORT

May 13, 2026
File Number 0400-40

SUBJECT

APPROVAL OF WARRANT REGISTER

DEPARTMENT
Finance

RECOMMENDATION
Approval for City Council and Housing Successor Agency warrants issued between April 27, 2026 to May 03, 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 04/27/2026 to 05/03/2026
Total $3,211,193.75
Number of Warrants 215

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. 15 Item2.

Consent Item No. 3 May 13, 2026

A P P R O V A L

O F

M I N U T E S

16 Item3.
17 Item4.

STAFF REPORT

May 13, 2026
File Number 0490-55

SUBJECT
TREASURER’S INVESTMENT REPORT FOR THE QUARTER ENDED MARCH 31, 2026

DEPARTMENT
City Treasurer

RECOMMENDATION
Request the City Council approve the Quarterly Investment Report for the quarter ended March 31, 2026.

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

FISCAL ANALYSIS
From January 1, 2026 to March 31, 2026, the City of Escondido’s (“City”) investment portfolio increased from $206 million to $ 232 million. The adjusted average annual yield increased from 3.484 percent to

3.542 percent with the portfolio duration at 2.106 percent. 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 third fiscal year quarter ending March 31, 2026.

PREVIOUS ACTION
The Investment Report for the quarter ended December 31, 2025, was filed with the City Clerk’s Office on January 31, 2026 and presented to the City Council on February 18, 2026.

BACKGROUND
The City’s 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 doll ar 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:
18 Item5.

• Summary of Investment Allocation as of March 31, 2026 (Attachment “1”) • Summary of Investment Portfolio Yield for the last 12 months (Attachment “2”) • Schedule of Funds Managed by Outside Parties as of March 31, 2026 (Attachment “3”) The Investment Performance Review ( Attachment “4”) provides a Market Update, the City’s Portfolio Strategy and Performance, Issuer Distributions, Portfolio Distributions and Portfolio Holdings. The Summary of Investment Allocation ( Attachment “1”) and the Summary of Investment Portfolio Yield for the last 12 months (Attachment “2”) shows the total investment portfolio including funds in LAIF, CAMP, Stone Castle, and the City’s money market account with BNY.

There are adequate funds to meet the next six -month’s expected expenditures. As of March 31, 2026, 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 March 31, 2026 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 March 31, 2026 d. Attachment “4” – Investment Performance Review for the Quarter Ended March 31, 2026 19 Item5.

Investment Type Market Value
State Investment Pool (LAIF) 13,095$ 13,095$ 0.01% California Asset Management Program (CAMP) 24,645,195 24,645,195 10.60% Placement Service Deposits (Stone Castle) 5,524,013 5,524,013 2.38% U.S. Treasury Obligations 126,329,138 126,877,711 54.58% Federal Agency Securities 5,900,968 5,914,530 2.54%
Supranational Securities 0 0 0.00%
U.S. Corporate Bonds 58,624,770 58,437,473 25.14%
U.S. Municipal Bonds 310,000 308,134 0.13%
Asset-Backed Security 0 0 0.00%
Money Market Account (BNY Blackrock) 10,753,512 10,753,512 4.63% Total Investment Portfolio - March 2026 232,100,691$ 232,473,663$ 100% Reported Total Investments - December 2025 205,909,745$ 207,464,902$ Change from Prior Quarter 26,190,946$ 25,008,761$
Portfolio Duration 2.106
City of Escondido
Summary of Investment Allocation
as of March 31, 2026
Book Value
Percent of
Portfolio at
Market
11%
2%
55%
2%
0%
25%
0% 5%
Summary of Investment Allocation as of
March 31, 2026 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
Money Market Account (BNY Blackrock)
Attachment "1"
20 Item5.

Date Book Value Yield
Mar-26 $225,328,591.57 3.741%
Feb-26 $218,643,320.78 3.599%
Jan-26 $206,094,052.18 3.670%
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%
Average Portfolio Interest Yields 3.542%
* Includes Assets managed by PFM, LAIF, and Stone Castle.

SUMMARY OF INVESTMENT PORTFOLIO YIELDS
FOR THE LAST 12 MONTHS
As of March 31, 2026
Attachment "2"
21 Item5.

CITY OF ESCONDIDO

FUNDS MANAGED BY OUTSIDE PARTIES
As of March 31, 2026
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 0.28$ 3.570% Treasury 1998-1 Rancho San Pasqual Assessment District 00419471 376,176.98 3.550% Treasury 2013 JPFA Reidy Creek Lease Revenue Bonds (2001 Refunding) 00844523 31,418.76 0.000% 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 20.16 3.520% Treasury 2013 Community Facility District - Hidden Trails (2001 Refunding) 00495896 0.28 3.570% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686531 59.36 3.520% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686532 438.11 0.000% Treasury 2015 Community Facility District - Eureka Ranch (2006 Refunding) 00686537 113.72 0.000% Cash 2015A Wastewater Bond (2004A Refunding) 00479672 782,740.30 3.540% Dreyfus Cash Management 2015A Wastewater Bond (2004A Refunding) 00479673 0.04 0.000% Dreyfus Cash Management 2015A Wastewater Bond (2004A Refunding) 00479674 347.31 3.540% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766031 336.67 3.290% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766038 2.80 3.210% Dreyfus Cash Management 2019 Water Bond (JPFA 19AB) 00766051 174.00 3.290% 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 7,163,352.72$
SECTION 115 TRUST FUNDS
PUBLIC AGENCY RETIREMENT SERVICES:

PARS Post-Employment Benefits Trust $38,844,933.08 Moderately Conservative HighMark PLUS TOTAL FUNDS MANAGED BY OUTSIDE PARTIES $46,008,285.80
Attachment "3"
22 Item5.

City of Escondido Quarterly Report
City of Escondido (299155)
Quarter End (Q1 Y2026)
01/01/2026 - 03/31/2026
Dated: 04/30/2026
Locked Down
Attachment "4"
23 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)) 19 Exposure - Issuer Concentration (City of Escondido (299155)) 23 Summary (City of Escondido (299155))
30 Status (City of Escondido (299155))
31 GAAP GL Income Detail (City of Escondido (299155))
34 GAAP Transaction Detail (City of Escondido (299155)) 41 Audit (City of Escondido (299155))
43 Table of Contents
Dated: 04/30/2026
Attachment "4"
24 Item5.

Issuer Concentration
Issuer Ending % of Market
Value + Accrued
United States 64.844%
Other 20.460%
The Home Depot, Inc. 3.585%
The Walt Disney Company 2.493%
Mastercard Incorporated 2.472%
JPMorgan Chase & Co. 2.091%
Federal Home Loan Banks 2.033%
BLAKCROCK 2.022%
--- 100.000%
Footnotes: 1,2
Cash and Fixed Income Summary
Risk Metric Value
MMFund 3,981,275.69
Fixed Income 192,938,673.18
Duration 2.106
Convexity 0.029
WAL 2.213
Years to Final Maturity 2.304
Years to Effective Maturity 2.211
Yield 3.953
Book Yield 3.804
Avg Credit Rating AA-/Aa3/AA-
Balance Sheet
Book Value + Accrued 196,546,976.65
Net Unrealized Gain/Loss 372,972.22
Market Value + Accrued 196,919,948.87
Exposure - Security Type
Exposure - Sector
Exposure - Asset Class
Risk Summary - Fixed Income City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 1 Attachment "4"
25 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

0.997%

0.000%

1.042%

0.000%

0.000%
AA

14.065%

20.629%

20.218%

13.980%

2.535%

0.000%

0.000%
A

2.420%

6.985%

9.161%

2.918%

2.526%

0.000%

0.000%
BBB

0.502%

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)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 2 Attachment "4"
26 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)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 3 Attachment "4"
27 Item5.
1: * Grouped by: Issuer. 2: * Groups Sorted by: Ending % of Market Value + Accrued.

Risk Summary - Fixed Income City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 4 Attachment "4"
28 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 196,919,948.87 -0.513% 0.305% 1.424% 4.072% 5.545% 15.231% --- --- ICE BofA 1-5 Year US Corporate & Government
Index
--- -0.811% 0.173% 1.319% 4.162% 6.064% 15.608% --- --- Multiple Benchmarks Comparison City of Escondido (299155) Base Currency: USD As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 5 Attachment "4"
29 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

0.305% 0.173% 0.019 0.001 0.038 0.076% 0.038%
Account Index Index Start Date Index End Date
City of Escondido ICE BofA 1-5 Year US Corporate & Government Index 08/02/2002 --- Risk-Adjusted Comparison City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 6 Attachment "4"
30 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 2,052,013.33 City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP AAA Aaa AAA NA 2,052,013.33 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 999,099.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP AA+ Aaa AA+ NA 946,667.78 City of Escondido 3130BA2S5 FEDERAL HOME LOAN BANKS 4,000,000.00 USD 03/25/2031 AGCY BOND AA+ Aa1 AA+ AA+ 4,003,900.00 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND AA+ Aa1 AA+ AA+ 956,368.33 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND AA+ Aa1 AA+ AA+ 958,574.17 City of Escondido 9128282A7 UNITED STATES TREASURY 1,900,000.00 USD 08/15/2026 US GOV AA+ Aa1 AA+ AA+ 1,887,430.82 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV AA+ Aa1 AA+ AA+ 3,977,306.63 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV AA+ Aa1 AA+ AA+ 2,912,169.36 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV AA+ Aa1 AA+ AA+ 1,148,396.48 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,993,895.47 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV AA+ Aa1 AA+ AA+ 1,833,889.28 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV AA+ Aa1 AA+ AA+ 2,883,290.72 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,911,863.09 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV AA+ Aa1 AA+ AA+ 1,901,229.56 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV AA+ Aa1 AA+ AA+ 947,063.09 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,675,755.88 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV AA+ Aa1 AA+ AA+ 2,393,936.97 Exposure - Credit Rating City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 7 Attachment "4"
31 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 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV AA+ Aa1 AA+ AA+ 358,253.85 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV AA+ Aa1 AA+ AA+ 2,040,056.65 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV AA+ Aa1 AA+ AA+ 2,838,370.44 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 4,947,368.78 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 395,789.50 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 989,473.76 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 494,736.88 City of Escondido 91282CDG3 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 1,978,947.51 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV AA+ Aa1 AA+ AA+ 2,001,633.92 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV AA+ Aa1 AA+ AA+ 2,930,271.10 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV AA+ Aa1 AA+ AA+ 1,980,019.78 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV AA+ Aa1 AA+ AA+ 2,970,029.67 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV AA+ Aa1 AA+ AA+ 3,003,419.67 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 990,418.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 990,418.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 2,971,254.03 City of Escondido 91282CFB2 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,980,836.02 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV AA+ Aa1 AA+ AA+ 992,837.39 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV AA+ Aa1 AA+ AA+ 1,958,394.78 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV AA+ Aa1 AA+ AA+ 2,042,920.88 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV AA+ Aa1 AA+ AA+ 1,021,460.44 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV AA+ Aa1 AA+ AA+ 3,027,693.07 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV AA+ Aa1 AA+ AA+ 4,041,484.09 City of Escondido 91282CGJ4 UNITED STATES TREASURY 2,000,000.00 USD 01/31/2030 US GOV AA+ Aa1 AA+ AA+ 1,983,782.21 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV AA+ Aa1 AA+ AA+ 1,006,718.26 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV AA+ Aa1 AA+ AA+ 2,013,436.52 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV AA+ Aa1 AA+ AA+ 4,982,145.22 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV AA+ Aa1 AA+ AA+ 1,008,366.13 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV AA+ Aa1 AA+ AA+ 2,016,732.27 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV AA+ Aa1 AA+ AA+ 2,016,259.45 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV AA+ Aa1 AA+ AA+ 1,012,925.69 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV AA+ Aa1 AA+ AA+ 5,014,933.98 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV AA+ Aa1 AA+ AA+ 2,028,310.50 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV AA+ Aa1 AA+ AA+ 3,042,465.75 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV AA+ Aa1 AA+ AA+ 3,040,911.05 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV AA+ Aa1 AA+ AA+ 2,015,157.07 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV AA+ Aa1 AA+ AA+ 3,057,559.10 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV AA+ Aa1 AA+ AA+ 3,022,070.39 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV AA+ Aa1 AA+ AA+ 2,014,713.59 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV AA+ Aa1 AA+ AA+ 1,008,352.70 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV AA+ Aa1 AA+ AA+ 3,057,271.33 City of Escondido 91282CNN7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2030 US GOV AA+ Aa1 AA+ AA+ 3,014,587.96 City of Escondido 91282CNX5 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2030 US GOV AA+ Aa1 AA+ AA+ 990,962.17 City of Escondido 91282CNY3 UNITED STATES TREASURY 3,000,000.00 USD 09/15/2028 US GOV AA+ Aa1 AA+ AA+ 2,973,387.31 City of Escondido 91282CPW5 UNITED STATES TREASURY 3,000,000.00 USD 01/31/2031 US GOV AA+ Aa1 AA+ AA+ 2,993,566.41 City of Escondido --- --- 134,450,000.00 USD 06/03/2028 --- AA+ Aa1 AA+ AA+ 133,591,540.09 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 309,261.42 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI AA Aa2 NA AAA 309,261.42 Exposure - Credit Rating City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 8 Attachment "4"
32 Item5.

AA-
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 166756BJ4 CHEVRON USA INC 2,000,000.00 USD 10/15/2030 CORP AA- Aa2 AA- NA 2,059,686.67 City of Escondido 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP AA- Aa2 AA- NA 1,863,311.11 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP AA- Aa3 AA AA 1,823,471.11 City of Escondido 30303MAB8 META PLATFORMS INC 1,000,000.00 USD 11/15/2030 CORP AA- Aa3 AA- NA 1,007,126.67 City of Escondido --- --- 7,000,000.00 USD 07/20/2030 CORP AA- Aa2 AA- AA 6,753,595.56 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 1,039,780.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP A+ A1 AA AA- 486,026.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP A+ A1 AA AA- 1,797,053.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP A+ A1 AA AA- 1,023,966.67 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP A+ A1 A+ WR 699,664.00 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP A+ Aa3 A+ A+ 1,020,601.39 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP A+ A1 A+ WR 1,464,545.00 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP A+ Aa3 A+ NA 973,683.33 City of Escondido 57636QAM6 MASTERCARD INC 4,000,000.00 USD 06/01/2029 CORP A+ Aa3 A+ NA 3,894,733.33 City of Escondido 58933YBQ7 MERCK & CO INC 1,000,000.00 USD 09/15/2030 CORP A+ Aa3 A+ NA 995,884.44 City of Escondido --- --- 13,700,000.00 USD 01/31/2029 CORP A+ Aa3 A+ AA- 13,395,938.17 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- 2,015,492.00 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP A A2 AA- NA 2,002,138.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP A A2 A A+ 789,031.56 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL SERVICES CORP 1,000,000.00 USD 11/15/2029 CORP A A2 A A+ 1,032,445.56 City of Escondido 14913UBH2 CATERPILLAR FINANCIAL SERVICES CORP 2,000,000.00 USD 01/08/2031 CORP A A2 A A+ 2,001,316.11 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP A A1 A A+ 788,158.22 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP A A2 A WR 933,496.67 City of Escondido 254687GC4 WALT DISNEY CO 4,000,000.00 USD 03/14/2029 CORP A A2 A NA 3,974,936.67 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP A A2 A A 970,576.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP A A2 A A 1,027,916.67 City of Escondido 437076DC3 HOME DEPOT INC 3,000,000.00 USD 06/25/2029 CORP A A2 A A 3,083,750.00 City of Escondido 437076DJ8 HOME DEPOT INC 2,000,000.00 USD 09/15/2030 CORP A A2 A A 1,977,451.11 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP A A2 A A 681,272.67 City of Escondido 46647PDA1 JPMORGAN CHASE & CO 3,000,000.00 USD 04/26/2028 CORP A A1 A AA- 3,052,148.75 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP A A1 A AA- 1,065,775.17 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP A A2 A+ A+ 679,773.07 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP A A2 A A 177,895.20 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP A A2 A A 642,399.33 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP A A2 A+ A 2,008,452.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP A A2 A+ A 201,537.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP A A2 A+ A 443,382.62 City of Escondido --- --- 29,440,000.00 USD 11/30/2028 CORP A A2 A A+ 29,549,346.14 Exposure - Credit Rating City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 9 Attachment "4"
33 Item5.

A-
BBB+
NA
A-1+
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 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP A- A3 A- A- 986,927.78 City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD 10/01/2029 CORP A- A3 A- A- 962,500.00 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP A- A3 A- A- 2,385,786.25 City of Escondido --- --- 4,335,000.00 USD 11/29/2027 CORP A- A3 A- A- 4,335,214.03 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 BBB+ A3 BBB+ A 988,304.44 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP BBB+ A3 BBB+ A 988,304.44 Account Identifier Description Ending Current Units Currency Ending Final Maturity
Security Type Rating Moody's
Rating
S&P
Rating
Fitch
Rating
Ending Market Value +
Accrued
City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,981,275.69 USD 03/31/2026 MMFUND NA NA NA NA 3,981,275.69 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,981,275.69 USD 03/31/2026 MMFUND NA NA NA NA 3,981,275.69 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 912797SA6 UNITED STATES TREASURY 2,000,000.00 USD 10/01/2026 T-BILL A-1+ P-1 A-1+ F1+ 1,963,460.00 City of Escondido 912797SA6 UNITED STATES TREASURY 2,000,000.00 USD 10/01/2026 T-BILL A-1+ P-1 A-1+ F1+ 1,963,460.00 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 --- --- 198,216,275.69 USD 07/20/2028 --- AA- Aa3 AA- AA 196,919,948.87 Exposure - Credit Rating City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 10 Attachment "4"
34 Item5.

Cash and Fixed Income Summary
Risk Metric Value
MMFund 3,981,275.69
Fixed Income 192,938,673.18
Duration 2.106
Convexity 0.029
WAL 2.213
Years to Final Maturity 2.304
Years to Effective Maturity 2.211
Yield 3.953
Book Yield 3.804
Avg Credit Rating AA-/Aa3/AA-
Balance Sheet
Field Value
Book Value + Accrued 196,546,976.65
Net Unrealized Gain/Loss 372,972.22
Market Value + Accrued 196,919,948.87
Compliance Overview
Status Compliant
As of 03/31/2026
Reconciliation Status
Status Reconciled
Last Reconciled For 04/29/2026
Summary
Overview City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 11 Attachment "4"
35 Item5.

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

Overview City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 12 Attachment "4"
36 Item5.

Net of Fees (includes management and trading).

Returns are actual and have not been annualized.

No Tax Adjustment.

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

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees 01/01/2026 01/30/2026 0.204% 0.304% -0.100%
01/31/2026 02/27/2026 0.604% 0.277% 0.327%
02/28/2026 03/31/2026 -0.500% 0.336% -0.837%
--- --- --- --- ---
Account Index Index Start Date Index End Date
City of Escondido ICE BofA 1-5 Year US Corporate & Government Index 08/02/2002 --- Returns City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 13 Attachment "4"
37 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
--- -0.811% 0.173% 1.319% 4.162% --- --- --- 0.101% --- City of Escondido 196,919,948.87 -0.513% 0.305% 1.424% 4.072% -0.007 -0.003 -0.001 0.080% 0.037% Comparison City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 14 Attachment "4"
38 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 1,887,430.82 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV 3,977,306.63 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV 2,912,169.36 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV 1,148,396.48 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV 1,993,895.47 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV 1,833,889.28 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV 2,883,290.72 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV 1,911,863.09 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV 1,901,229.56 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV 947,063.09 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV 1,675,755.88 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV 2,393,936.97 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV 358,253.85 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV 2,040,056.65 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV 2,838,370.44 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV 4,947,368.78 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV 395,789.50 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV 989,473.76 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV 494,736.88 City of Escondido 91282CDG3 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2026 US GOV 1,978,947.51 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV 2,001,633.92 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV 2,930,271.10 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV 1,980,019.78 City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV 2,970,029.67 Exposure - Security Type City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 15 Attachment "4"
39 Item5.

CORP
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV 3,003,419.67 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV 990,418.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV 990,418.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2027 US GOV 2,971,254.03 City of Escondido 91282CFB2 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV 1,980,836.02 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV 992,837.39 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV 1,958,394.78 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV 2,042,920.88 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV 1,021,460.44 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV 3,027,693.07 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV 4,041,484.09 City of Escondido 91282CGJ4 UNITED STATES TREASURY 2,000,000.00 USD 01/31/2030 US GOV 1,983,782.21 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV 1,006,718.26 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV 2,013,436.52 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV 4,982,145.22 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV 1,008,366.13 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV 2,016,732.27 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV 2,016,259.45 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV 1,012,925.69 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV 5,014,933.98 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV 2,028,310.50 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV 3,042,465.75 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV 3,040,911.05 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV 2,015,157.07 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV 3,057,559.10 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV 3,022,070.39 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV 2,014,713.59 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV 1,008,352.70 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV 3,057,271.33 City of Escondido 91282CNN7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2030 US GOV 3,014,587.96 City of Escondido 91282CNX5 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2030 US GOV 990,962.17 City of Escondido 91282CNY3 UNITED STATES TREASURY 3,000,000.00 USD 09/15/2028 US GOV 2,973,387.31 City of Escondido 91282CPW5 UNITED STATES TREASURY 3,000,000.00 USD 01/31/2031 US GOV 2,993,566.41 City of Escondido --- UNITED STATES TREASURY 126,450,000.00 USD 05/10/2028 US GOV 125,726,930.64 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 1,039,780.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP 486,026.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP 1,797,053.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP 1,023,966.67 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP 988,304.44 City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP 999,099.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP 946,667.78 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP 699,664.00 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP 2,015,492.00 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP 2,002,138.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP 789,031.56 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL SERVICES CORP 1,000,000.00 USD 11/15/2029 CORP 1,032,445.56 City of Escondido 14913UBH2 CATERPILLAR FINANCIAL SERVICES CORP 2,000,000.00 USD 01/08/2031 CORP 2,001,316.11 City of Escondido 166756BJ4 CHEVRON USA INC 2,000,000.00 USD 10/15/2030 CORP 2,059,686.67 City of Escondido 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP 1,863,311.11 Exposure - Security Type City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 16 Attachment "4"
40 Item5.

AGCY BOND
MMFUND
T-BILL
MUNI
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP 1,020,601.39 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP 1,464,545.00 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP 1,823,471.11 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP 788,158.22 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP 933,496.67 City of Escondido 254687GC4 WALT DISNEY CO 4,000,000.00 USD 03/14/2029 CORP 3,974,936.67 City of Escondido 30303MAB8 META PLATFORMS INC 1,000,000.00 USD 11/15/2030 CORP 1,007,126.67 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP 970,576.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP 1,027,916.67 City of Escondido 437076DC3 HOME DEPOT INC 3,000,000.00 USD 06/25/2029 CORP 3,083,750.00 City of Escondido 437076DJ8 HOME DEPOT INC 2,000,000.00 USD 09/15/2030 CORP 1,977,451.11 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP 681,272.67 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP 986,927.78 City of Escondido 46647PDA1 JPMORGAN CHASE & CO 3,000,000.00 USD 04/26/2028 CORP 3,052,148.75 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP 1,065,775.17 City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP 2,052,013.33 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP 973,683.33 City of Escondido 57636QAM6 MASTERCARD INC 4,000,000.00 USD 06/01/2029 CORP 3,894,733.33 City of Escondido 58933YBQ7 MERCK & CO INC 1,000,000.00 USD 09/15/2030 CORP 995,884.44 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP 679,773.07 City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD 10/01/2029 CORP 962,500.00 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP 177,895.20 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP 642,399.33 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP 2,008,452.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP 201,537.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP 443,382.62 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP 2,385,786.25 City of Escondido --- --- 59,475,000.00 USD 01/11/2029 CORP 59,020,178.61 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 3130BA2S5 FEDERAL HOME LOAN BANKS 4,000,000.00 USD 03/25/2031 AGCY BOND 4,003,900.00 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND 956,368.33 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND 958,574.17 City of Escondido --- --- 6,000,000.00 USD 02/06/2030 AGCY BOND 5,918,842.50 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,981,275.69 USD 03/31/2026 MMFUND 3,981,275.69 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,981,275.69 USD 03/31/2026 MMFUND 3,981,275.69 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido 912797SA6 UNITED STATES TREASURY 2,000,000.00 USD 10/01/2026 T-BILL 1,963,460.00 City of Escondido 912797SA6 UNITED STATES TREASURY 2,000,000.00 USD 10/01/2026 T-BILL 1,963,460.00 Exposure - Security Type City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 17 Attachment "4"
41 Item5.

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 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI 309,261.42 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI 309,261.42 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Ending Market Value + Accrued City of Escondido --- --- 198,216,275.69 USD 07/20/2028 --- 196,919,948.87 Exposure - Security Type City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 18 Attachment "4"
42 Item5.

Government
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 912797SA6 UNITED STATES TREASURY 2,000,000.00 USD 10/01/2026 T-BILL Government 1,963,460.00 City of Escondido 9128282A7 UNITED STATES TREASURY 1,900,000.00 USD 08/15/2026 US GOV Government 1,887,430.82 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV Government 3,977,306.63 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV Government 2,912,169.36 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV Government 1,148,396.48 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV Government 1,993,895.47 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV Government 1,833,889.28 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV Government 2,883,290.72 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV Government 1,911,863.09 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV Government 1,901,229.56 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV Government 947,063.09 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV Government 1,675,755.88 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV Government 2,393,936.97 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV Government 358,253.85 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV Government 2,040,056.65 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV Government 2,838,370.44 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV Government 4,947,368.78 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV Government 395,789.50 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV Government 989,473.76 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV Government 494,736.88 City of Escondido 91282CDG3 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2026 US GOV Government 1,978,947.51 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV Government 2,001,633.92 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV Government 2,930,271.10 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV Government 1,980,019.78 Exposure - Market Sector City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 19 Attachment "4"
43 Item5.

Industrial
Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV Government 2,970,029.67 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV Government 3,003,419.67 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV Government 990,418.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV Government 990,418.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2027 US GOV Government 2,971,254.03 City of Escondido 91282CFB2 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV Government 1,980,836.02 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV Government 992,837.39 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV Government 1,958,394.78 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV Government 2,042,920.88 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV Government 1,021,460.44 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV Government 3,027,693.07 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV Government 4,041,484.09 City of Escondido 91282CGJ4 UNITED STATES TREASURY 2,000,000.00 USD 01/31/2030 US GOV Government 1,983,782.21 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV Government 1,006,718.26 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV Government 2,013,436.52 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV Government 4,982,145.22 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV Government 1,008,366.13 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV Government 2,016,732.27 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV Government 2,016,259.45 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV Government 1,012,925.69 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV Government 5,014,933.98 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV Government 2,028,310.50 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV Government 3,042,465.75 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV Government 3,040,911.05 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV Government 2,015,157.07 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV Government 3,057,559.10 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV Government 3,022,070.39 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV Government 2,014,713.59 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV Government 1,008,352.70 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV Government 3,057,271.33 City of Escondido 91282CNN7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2030 US GOV Government 3,014,587.96 City of Escondido 91282CNX5 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2030 US GOV Government 990,962.17 City of Escondido 91282CNY3 UNITED STATES TREASURY 3,000,000.00 USD 09/15/2028 US GOV Government 2,973,387.31 City of Escondido 91282CPW5 UNITED STATES TREASURY 3,000,000.00 USD 01/31/2031 US GOV Government 2,993,566.41 City of Escondido --- UNITED STATES TREASURY 128,450,000.00 USD 05/01/2028 --- Government 127,690,390.64 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 1,039,780.00 City of Escondido 023135BR6 AMAZON.COM INC 500,000.00 USD 06/03/2027 CORP Industrial 486,026.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP Industrial 1,797,053.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP Industrial 1,023,966.67 City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 1,000,000.00 USD 09/09/2026 CORP Industrial 988,304.44 City of Escondido 037833BZ2 APPLE INC 1,000,000.00 USD 08/04/2026 CORP Industrial 999,099.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP Industrial 946,667.78 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP Industrial 699,664.00 City of Escondido 12189LBA8 BURLINGTON NORTHERN SANTA FE LLC 2,000,000.00 USD 06/15/2027 CORP Industrial 2,002,138.89 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL SERVICES CORP 800,000.00 USD 01/08/2027 CORP Industrial 789,031.56 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL SERVICES CORP 1,000,000.00 USD 11/15/2029 CORP Industrial 1,032,445.56 City of Escondido 14913UBH2 CATERPILLAR FINANCIAL SERVICES CORP 2,000,000.00 USD 01/08/2031 CORP Industrial 2,001,316.11 City of Escondido 166756BJ4 CHEVRON USA INC 2,000,000.00 USD 10/15/2030 CORP Industrial 2,059,686.67 Exposure - Market Sector City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 20 Attachment "4"
44 Item5.

Financial
Agency
Cash
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 1,863,311.11 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP Industrial 1,464,545.00 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP Industrial 1,823,471.11 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP Industrial 788,158.22 City of Escondido 254687FL5 WALT DISNEY CO 1,000,000.00 USD 09/01/2029 CORP Industrial 933,496.67 City of Escondido 254687GC4 WALT DISNEY CO 4,000,000.00 USD 03/14/2029 CORP Industrial 3,974,936.67 City of Escondido 30303MAB8 META PLATFORMS INC 1,000,000.00 USD 11/15/2030 CORP Industrial 1,007,126.67 City of Escondido 437076BY7 HOME DEPOT INC 1,000,000.00 USD 06/15/2029 CORP Industrial 970,576.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP Industrial 1,027,916.67 City of Escondido 437076DC3 HOME DEPOT INC 3,000,000.00 USD 06/25/2029 CORP Industrial 3,083,750.00 City of Escondido 437076DJ8 HOME DEPOT INC 2,000,000.00 USD 09/15/2030 CORP Industrial 1,977,451.11 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Industrial 681,272.67 City of Escondido 459200KM2 INTERNATIONAL BUSINESS MACHINES CORP 1,000,000.00 USD 02/09/2027 CORP Industrial 986,927.78 City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP Industrial 2,052,013.33 City of Escondido 57636QAM6 MASTERCARD INC 1,000,000.00 USD 06/01/2029 CORP Industrial 973,683.33 City of Escondido 57636QAM6 MASTERCARD INC 4,000,000.00 USD 06/01/2029 CORP Industrial 3,894,733.33 City of Escondido 58933YBQ7 MERCK & CO INC 1,000,000.00 USD 09/15/2030 CORP Industrial 995,884.44 City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD 10/01/2029 CORP Industrial 962,500.00 City of Escondido 87612EBM7 TARGET CORP 180,000.00 USD 01/15/2027 CORP Industrial 177,895.20 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP Industrial 642,399.33 City of Escondido 91324PDK5 UNITEDHEALTH GROUP INC 2,000,000.00 USD 06/15/2028 CORP Industrial 2,008,452.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP Industrial 201,537.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP Industrial 443,382.62 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Industrial 2,385,786.25 City of Escondido --- --- 51,805,000.00 USD 02/01/2029 CORP Industrial 51,186,388.24 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 2,015,492.00 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Financial 1,020,601.39 City of Escondido 46647PDA1 JPMORGAN CHASE & CO 3,000,000.00 USD 04/26/2028 CORP Financial 3,052,148.75 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP Financial 1,065,775.17 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Financial 679,773.07 City of Escondido --- --- 7,670,000.00 USD 08/21/2028 CORP Financial 7,833,790.37 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido 3130BA2S5 FEDERAL HOME LOAN BANKS 4,000,000.00 USD 03/25/2031 AGCY BOND Agency 4,003,900.00 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS FUNDING CORP 1,000,000.00 USD 09/21/2027 AGCY BOND Agency 956,368.33 City of Escondido 3135G05Y5 FEDERAL NATIONAL MORTGAGE ASSOCIATION 1,000,000.00 USD 10/08/2027 AGCY BOND Agency 958,574.17 City of Escondido --- --- 6,000,000.00 USD 02/06/2030 AGCY BOND Agency 5,918,842.50 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,981,275.69 USD 03/31/2026 MMFUND Cash 3,981,275.69 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102 3,981,275.69 USD 03/31/2026 MMFUND Cash 3,981,275.69 Exposure - Market Sector City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 21 Attachment "4"
45 Item5.

Municipal
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 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI Municipal 309,261.42 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH DIST 310,000.00 USD 07/01/2026 MUNI Municipal 309,261.42 Account Identifier Description Ending Current Units Currency Final Maturity Security Type Market Sector Ending Market Value + Accrued
City of Escondido --- --- 198,216,275.69 USD 07/20/2028 --- --- 196,919,948.87 Exposure - Market Sector City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 22 Attachment "4"
46 Item5.

United States
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 912797SA6 UNITED STATES TREASURY 2,000,000.00 USD 10/01/2026 T-BILL United States United States 1,963,460.00 City of Escondido 9128282A7 UNITED STATES TREASURY 1,900,000.00 USD 08/15/2026 US GOV United States United States 1,887,430.82 City of Escondido 9128285M8 UNITED STATES TREASURY 4,000,000.00 USD 11/15/2028 US GOV United States United States 3,977,306.63 City of Escondido 9128286B1 UNITED STATES TREASURY 3,000,000.00 USD 02/15/2029 US GOV United States United States 2,912,169.36 City of Escondido 912828V98 UNITED STATES TREASURY 1,160,000.00 USD 02/15/2027 US GOV United States United States 1,148,396.48 City of Escondido 912828Y95 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2026 US GOV United States United States 1,993,895.47 City of Escondido 912828Z94 UNITED STATES TREASURY 2,000,000.00 USD 02/15/2030 US GOV United States United States 1,833,889.28 City of Escondido 912828ZV5 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV United States United States 2,883,290.72 City of Escondido 91282CAD3 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV United States United States 1,911,863.09 City of Escondido 91282CAY7 UNITED STATES TREASURY 2,000,000.00 USD 11/30/2027 US GOV United States United States 1,901,229.56 City of Escondido 91282CBJ9 UNITED STATES TREASURY 1,000,000.00 USD 01/31/2028 US GOV United States United States 947,063.09 City of Escondido 91282CCF6 UNITED STATES TREASURY 1,680,000.00 USD 05/31/2026 US GOV United States United States 1,675,755.88 City of Escondido 91282CCF6 UNITED STATES TREASURY 2,400,000.00 USD 05/31/2026 US GOV United States United States 2,393,936.97 City of Escondido 91282CCJ8 UNITED STATES TREASURY 360,000.00 USD 06/30/2026 US GOV United States United States 358,253.85 City of Escondido 91282CCJ8 UNITED STATES TREASURY 2,050,000.00 USD 06/30/2026 US GOV United States United States 2,040,056.65 City of Escondido 91282CDF5 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2028 US GOV United States United States 2,838,370.44 City of Escondido 91282CDG3 UNITED STATES TREASURY 5,000,000.00 USD 10/31/2026 US GOV United States United States 4,947,368.78 City of Escondido 91282CDG3 UNITED STATES TREASURY 400,000.00 USD 10/31/2026 US GOV United States United States 395,789.50 City of Escondido 91282CDG3 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2026 US GOV United States United States 989,473.76 City of Escondido 91282CDG3 UNITED STATES TREASURY 500,000.00 USD 10/31/2026 US GOV United States United States 494,736.88 City of Escondido 91282CDG3 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2026 US GOV United States United States 1,978,947.51 City of Escondido 91282CEN7 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2027 US GOV United States United States 2,001,633.92 City of Escondido 91282CES6 UNITED STATES TREASURY 3,000,000.00 USD 05/31/2029 US GOV United States United States 2,930,271.10 City of Escondido 91282CEV9 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2029 US GOV United States United States 1,980,019.78 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 23 Attachment "4"
47 Item5.

The Home Depot, Inc.

The Walt Disney Company
Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 91282CEV9 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2029 US GOV United States United States 2,970,029.67 City of Escondido 91282CEW7 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2027 US GOV United States United States 3,003,419.67 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV United States United States 990,418.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 1,000,000.00 USD 07/31/2027 US GOV United States United States 990,418.01 City of Escondido 91282CFB2 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2027 US GOV United States United States 2,971,254.03 City of Escondido 91282CFB2 UNITED STATES TREASURY 2,000,000.00 USD 07/31/2027 US GOV United States United States 1,980,836.02 City of Escondido 91282CFH9 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2027 US GOV United States United States 992,837.39 City of Escondido 91282CFJ5 UNITED STATES TREASURY 2,000,000.00 USD 08/31/2029 US GOV United States United States 1,958,394.78 City of Escondido 91282CFU0 UNITED STATES TREASURY 2,000,000.00 USD 10/31/2027 US GOV United States United States 2,042,920.88 City of Escondido 91282CFU0 UNITED STATES TREASURY 1,000,000.00 USD 10/31/2027 US GOV United States United States 1,021,460.44 City of Escondido 91282CGB1 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2029 US GOV United States United States 3,027,693.07 City of Escondido 91282CGC9 UNITED STATES TREASURY 4,000,000.00 USD 12/31/2027 US GOV United States United States 4,041,484.09 City of Escondido 91282CGJ4 UNITED STATES TREASURY 2,000,000.00 USD 01/31/2030 US GOV United States United States 1,983,782.21 City of Escondido 91282CGP0 UNITED STATES TREASURY 1,000,000.00 USD 02/29/2028 US GOV United States United States 1,006,718.26 City of Escondido 91282CGP0 UNITED STATES TREASURY 2,000,000.00 USD 02/29/2028 US GOV United States United States 2,013,436.52 City of Escondido 91282CGT2 UNITED STATES TREASURY 5,000,000.00 USD 03/31/2028 US GOV United States United States 4,982,145.22 City of Escondido 91282CHA2 UNITED STATES TREASURY 1,000,000.00 USD 04/30/2028 US GOV United States United States 1,008,366.13 City of Escondido 91282CHA2 UNITED STATES TREASURY 2,000,000.00 USD 04/30/2028 US GOV United States United States 2,016,732.27 City of Escondido 91282CHE4 UNITED STATES TREASURY 2,000,000.00 USD 05/31/2028 US GOV United States United States 2,016,259.45 City of Escondido 91282CHH7 UNITED STATES TREASURY 1,000,000.00 USD 06/15/2026 US GOV United States United States 1,012,925.69 City of Escondido 91282CHJ3 UNITED STATES TREASURY 5,000,000.00 USD 06/30/2030 US GOV United States United States 5,014,933.98 City of Escondido 91282CHK0 UNITED STATES TREASURY 2,000,000.00 USD 06/30/2028 US GOV United States United States 2,028,310.50 City of Escondido 91282CHK0 UNITED STATES TREASURY 3,000,000.00 USD 06/30/2028 US GOV United States United States 3,042,465.75 City of Escondido 91282CHQ7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2028 US GOV United States United States 3,040,911.05 City of Escondido 91282CHU8 UNITED STATES TREASURY 2,000,000.00 USD 08/15/2026 US GOV United States United States 2,015,157.07 City of Escondido 91282CJA0 UNITED STATES TREASURY 3,000,000.00 USD 09/30/2028 US GOV United States United States 3,057,559.10 City of Escondido 91282CJR3 UNITED STATES TREASURY 3,000,000.00 USD 12/31/2028 US GOV United States United States 3,022,070.39 City of Escondido 91282CJR3 UNITED STATES TREASURY 2,000,000.00 USD 12/31/2028 US GOV United States United States 2,014,713.59 City of Escondido 91282CKG5 UNITED STATES TREASURY 1,000,000.00 USD 03/31/2029 US GOV United States United States 1,008,352.70 City of Escondido 91282CLS8 UNITED STATES TREASURY 3,000,000.00 USD 10/31/2026 US GOV United States United States 3,057,271.33 City of Escondido 91282CNN7 UNITED STATES TREASURY 3,000,000.00 USD 07/31/2030 US GOV United States United States 3,014,587.96 City of Escondido 91282CNX5 UNITED STATES TREASURY 1,000,000.00 USD 08/31/2030 US GOV United States United States 990,962.17 City of Escondido 91282CNY3 UNITED STATES TREASURY 3,000,000.00 USD 09/15/2028 US GOV United States United States 2,973,387.31 City of Escondido 91282CPW5 UNITED STATES TREASURY 3,000,000.00 USD 01/31/2031 US GOV United States United States 2,993,566.41 City of Escondido --- UNITED STATES TREASURY 128,450,000.00 USD 05/01/2028 --- United States United States 127,690,390.64 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. 970,576.11 City of Escondido 437076DC3 HOME DEPOT INC 1,000,000.00 USD 06/25/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 1,027,916.67 City of Escondido 437076DC3 HOME DEPOT INC 3,000,000.00 USD 06/25/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 3,083,750.00 City of Escondido 437076DJ8 HOME DEPOT INC 2,000,000.00 USD 09/15/2030 CORP The Home Depot, Inc. The Home Depot, Inc. 1,977,451.11 City of Escondido --- HOME DEPOT INC 7,000,000.00 USD 10/27/2029 CORP The Home Depot, Inc. The Home Depot, Inc. 7,059,693.89 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 933,496.67 City of Escondido 254687GC4 WALT DISNEY CO 4,000,000.00 USD 03/14/2029 CORP The Walt Disney Company The Walt Disney Company 3,974,936.67 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 24 Attachment "4"
48 Item5.

Mastercard Incorporated
JPMorgan Chase & Co.

Federal Home Loan Banks
(X9USDBRD2) BLAKCROCK
Chevron Corporation
Caterpillar Inc.

Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido --- WALT DISNEY CO 5,000,000.00 USD 04/16/2029 CORP The Walt Disney Company The Walt Disney Company 4,908,433.33 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 973,683.33 City of Escondido 57636QAM6 MASTERCARD INC 4,000,000.00 USD 06/01/2029 CORP Mastercard Incorporated Mastercard Incorporated 3,894,733.33 City of Escondido 57636QAM6 MASTERCARD INC 5,000,000.00 USD 06/01/2029 CORP Mastercard Incorporated Mastercard Incorporated 4,868,416.67 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 46647PDA1 JPMORGAN CHASE & CO 3,000,000.00 USD 04/26/2028 CORP JPMorgan Chase & Co. JPMorgan Chase & Co. 3,052,148.75 City of Escondido 46647PDX1 JPMORGAN CHASE & CO 1,000,000.00 USD 10/23/2029 CORP JPMorgan Chase & Co. JPMorgan Chase & Co. 1,065,775.17 City of Escondido --- JPMORGAN CHASE & CO 4,000,000.00 USD 09/14/2028 CORP JPMorgan Chase & Co. JPMorgan Chase & Co. 4,117,923.92 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 3130BA2S5 FEDERAL HOME LOAN BANKS 4,000,000.00 USD 03/25/2031 AGCY BOND Federal Home Loan Banks Federal Home Loan Banks 4,003,900.00 City of Escondido 3130BA2S5 FEDERAL HOME LOAN BANKS 4,000,000.00 USD 03/25/2031 AGCY BOND Federal Home Loan Banks Federal Home Loan Banks 4,003,900.00 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
3,981,275.69 USD 03/31/2026 MMFUND BLAKCROCK (X9USDBRD2) BLAKCROCK 3,981,275.69 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
3,981,275.69 USD 03/31/2026 MMFUND BLAKCROCK (X9USDBRD2) BLAKCROCK 3,981,275.69 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 166756BJ4 CHEVRON USA INC 2,000,000.00 USD 10/15/2030 CORP Chevron U.S.A. Inc. Chevron Corporation 2,059,686.67 City of Escondido 166764BY5 CHEVRON CORP 2,000,000.00 USD 05/11/2030 CORP Chevron Corporation Chevron Corporation 1,863,311.11 City of Escondido --- --- 4,000,000.00 USD 08/01/2030 CORP --- Chevron Corporation 3,922,997.78 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. 789,031.56 City of Escondido 14913UAU4 CATERPILLAR FINANCIAL SERVICES CORP
1,000,000.00 USD 11/15/2029 CORP Caterpillar Financial Services Corporation Caterpillar Inc. 1,032,445.56 City of Escondido 14913UBH2 CATERPILLAR FINANCIAL SERVICES CORP
2,000,000.00 USD 01/08/2031 CORP Caterpillar Financial Services Corporation Caterpillar Inc. 2,001,316.11 City of Escondido --- CATERPILLAR FINANCIAL SERVICES
CORP
3,800,000.00 USD 11/19/2029 CORP Caterpillar Financial Services Corporation
Caterpillar Inc. 3,822,793.22
Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 25 Attachment "4"
49 Item5.

Amazon.com, Inc.

UnitedHealth Group Incorporated
Waste Management, Inc.

Johnson & Johnson
The Bank of New York Mellon Corporation
Berkshire Hathaway Inc.

Apple Inc.

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. 486,026.67 City of Escondido 023135BS4 AMAZON.COM INC 2,000,000.00 USD 06/03/2030 CORP Amazon.com, Inc. Amazon.com, Inc. 1,797,053.33 City of Escondido 023135CP9 AMAZON.COM INC 1,000,000.00 USD 12/01/2027 CORP Amazon.com, Inc. Amazon.com, Inc. 1,023,966.67 City of Escondido --- AMAZON.COM INC 3,500,000.00 USD 03/16/2029 CORP Amazon.com, Inc. Amazon.com, Inc. 3,307,046.67 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 2,008,452.22 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 200,000.00 USD 05/15/2027 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 201,537.56 City of Escondido 91324PEG3 UNITEDHEALTH GROUP INC 440,000.00 USD 05/15/2027 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 443,382.62 City of Escondido --- UNITEDHEALTH GROUP INC 2,640,000.00 USD 03/11/2028 CORP UnitedHealth Group Incorporated UnitedHealth Group Incorporated 2,653,372.40 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Waste Management, Inc. Waste Management, Inc. 2,385,786.25 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 2,335,000.00 USD 07/03/2027 CORP Waste Management, Inc. Waste Management, Inc. 2,385,786.25 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 2,052,013.33 City of Escondido 478160DJ0 JOHNSON & JOHNSON 2,000,000.00 USD 03/01/2030 CORP Johnson & Johnson Johnson & Johnson 2,052,013.33 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 2,015,492.00 City of Escondido 06406RBG1 BANK OF NEW YORK MELLON CORP 2,000,000.00 USD 06/13/2028 CORP The Bank of New York Mellon Corporation
The Bank of New York Mellon
Corporation
2,015,492.00
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. 2,002,138.89 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. 2,002,138.89 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. 999,099.17 City of Escondido 037833EH9 APPLE INC 1,000,000.00 USD 08/05/2028 CORP Apple Inc. Apple Inc. 946,667.78 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 26 Attachment "4"
50 Item5.

Costco Wholesale Corporation
The Coca-Cola Company
Adobe Inc.

Citigroup Inc.

Meta Platforms, Inc.

Merck & Co., Inc.

Honda Motor Co., Ltd.

Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido --- APPLE INC 2,000,000.00 USD 07/26/2027 CORP Apple Inc. Apple Inc. 1,945,766.94 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 1,823,471.11 City of Escondido 22160KAP0 COSTCO WHOLESALE CORP 2,000,000.00 USD 04/20/2030 CORP Costco Wholesale Corporation Costco Wholesale Corporation 1,823,471.11 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 1,464,545.00 City of Escondido 191216CU2 COCA-COLA CO 1,500,000.00 USD 06/01/2027 CORP The Coca-Cola Company The Coca-Cola Company 1,464,545.00 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. 1,039,780.00 City of Escondido 00724PAF6 ADOBE INC 1,000,000.00 USD 04/04/2029 CORP Adobe Inc. Adobe Inc. 1,039,780.00 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Citibank, N.A. Citigroup Inc. 1,020,601.39 City of Escondido 17325FBK3 CITIBANK NA 1,000,000.00 USD 08/06/2029 CORP Citibank, N.A. Citigroup Inc. 1,020,601.39 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 30303MAB8 META PLATFORMS INC 1,000,000.00 USD 11/15/2030 CORP Meta Platforms, Inc. Meta Platforms, Inc. 1,007,126.67 City of Escondido 30303MAB8 META PLATFORMS INC 1,000,000.00 USD 11/15/2030 CORP Meta Platforms, Inc. Meta Platforms, Inc. 1,007,126.67 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 58933YBQ7 MERCK & CO INC 1,000,000.00 USD 09/15/2030 CORP Merck & Co., Inc. Merck & Co., Inc. 995,884.44 City of Escondido 58933YBQ7 MERCK & CO INC 1,000,000.00 USD 09/15/2030 CORP Merck & Co., Inc. Merck & Co., Inc. 995,884.44 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. 988,304.44 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. 988,304.44 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 27 Attachment "4"
51 Item5.

International Business Machines Corporation
PayPal Holdings, Inc.

Federal National Mortgage Association
Farm Credit System
Target Corporation
Deere & Company
AstraZeneca PLC
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
986,927.78
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
986,927.78
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. 962,500.00 City of Escondido 70450YAE3 PAYPAL HOLDINGS INC 1,000,000.00 USD 10/01/2029 CORP PayPal Holdings, Inc. PayPal Holdings, Inc. 962,500.00 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 958,574.17 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 958,574.17 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 956,368.33
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 956,368.33
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 177,895.20 City of Escondido 87612EBM7 TARGET CORP 650,000.00 USD 01/15/2027 CORP Target Corporation Target Corporation 642,399.33 City of Escondido 87612EBM7 TARGET CORP 830,000.00 USD 01/15/2027 CORP Target Corporation Target Corporation 820,294.53 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 788,158.22 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 800,000.00 USD 01/11/2027 CORP John Deere Capital Corporation Deere & Company 788,158.22 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 699,664.00 City of Escondido 04636NAA1 ASTRAZENECA FINANCE LLC 700,000.00 USD 05/28/2026 CORP AstraZeneca Finance LLC AstraZeneca PLC 699,664.00 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 28 Attachment "4"
52 Item5.

Honeywell International Inc.

Northern Trust Corporation
County of Los Angeles, California
Summary

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

Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Honeywell International Inc. Honeywell International Inc. 681,272.67 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 700,000.00 USD 03/01/2027 CORP Honeywell International Inc. Honeywell International Inc. 681,272.67 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 679,773.07 City of Escondido 665859AW4 NORTHERN TRUST CORP 670,000.00 USD 05/10/2027 CORP Northern Trust Corporation Northern Trust Corporation 679,773.07 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 309,261.42 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 309,261.42 Account Identifier Description Ending Current Units Currency Final Maturity
Security Type Issuer Issuer Concentration Ending Market Value + Accrued
City of Escondido --- --- 198,216,275.69 USD 07/20/2028 --- --- --- 196,919,948.87 Exposure - Issuer Concentration City of Escondido (299155) As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 29 Attachment "4"
53 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 01/31/2026 02/27/2026 0.604% 0.277% 0.327%
Prior Quarter 10/01/2025 12/31/2025 1.116% 0.917% 0.199% Prior Year 01/01/2025 12/31/2025 5.545% 3.596% 1.949%
Trailing Month 03/01/2026 03/31/2026 -0.513% 0.321% -0.835% Trailing Quarter 01/01/2026 03/31/2026 0.305% 0.921% -0.616% Trailing Year 04/01/2025 03/31/2026 4.072% 3.676% 0.396% Account Index Index Start Date Index End Date
City of Escondido ICE BofA 1-5 Year US Corporate & Government Index 08/02/2002 --- Summary City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 30 Attachment "4"
54 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 67.850 67.850 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Municipal Securities
0 0.157 0.157 100.000 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 63.847 63.847 100.000 N N
Compliant City of Escondido City Escondido Compliance Allowable Investment Allowable Investments Bank Deposits 0 3.978 3.978 100.000 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 2.022 2.022 100.000 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 0.157 0.157 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 25.865 25.865 30.000 N N
Status City of Escondido (299155)
As of 03/31/2026 Return to Table of Contents Dated: 04/30/2026 31 Attachment "4"
55 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 2.022 2.022 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 2.033 2.033 30.000 N N
Compliant City of Escondido City Escondido Compliance Issuer Concentration Maximum Issuer Concentration for Municipal Securities
0 0.157 0.157 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 2.022 2.022 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 0.611 0.611 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 5.000 5.000 5.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Placement Service Deposits
0 --- --- 5.000 N N
Compliant City of Escondido City Escondido Compliance Maturity Maximum Maturity for Medium Term Notes 0 --- --- 5.000 N N 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 03/31/2026 Return to Table of Contents Dated: 04/30/2026 32 Attachment "4"
56 Item5.

Policies: .

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

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

0.00 USD
CASH
Cash
---
Y
Y
20,000,000.00

0.00 0.00

0.00 Cash
City of Escondido
CCYUSD
Cash

0.00 USD
CASH
Cash
---
Y
Y
20,000,000.00

0.00 0.00

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

BLACKROCK FED TRST DOLR SHR FD
102
3,981,275.69
USD
MMFUND
CE
---
Y
Y

0.00 10,753,512.02
34,303,611.59

0.00 -41,075,847.92

0.00 0.00
3,981,275.69

0.00 0.00

0.00 58,440.91
58,440.91

0.00 0.00
58,440.91
CE
City of Escondido
X9USDBRD2

BLACKROCK FED TRST DOLR SHR FD
102
3,981,275.69
USD
MMFUND
CE
---
Y
Y

0.00 10,753,512.02
34,303,611.59

0.00 -41,075,847.92

0.00 0.00
3,981,275.69

0.00 0.00

0.00 58,440.91
58,440.91

0.00 0.00
58,440.91
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 1,007,025.83

0.00 0.00

0.00 1,006,518.82
-507.01

0.00 0.00
11,600.00

0.00 0.00

0.00 0.00
23,600.00

0.00 12,000.00

0.00 0.00
11,492.99
LT
City of Escondido
023135BR6
AMAZON.COM INC
500,000.00
USD
CORP
LT
WA
Y
Y

0.00 475,417.74

0.00 0.00

0.00 479,589.90
4,172.16

0.00 0.00
466.67

0.00 0.00

0.00 0.00
1,966.67

0.00 1,500.00

0.00 0.00
5,672.16
LT
City of Escondido
023135BS4
AMAZON.COM INC
2,000,000.00
USD
CORP
LT
WA
Y
Y

0.00 1,781,020.82

0.00 0.00

0.00 1,792,249.84
11,229.03

0.00 0.00
2,333.33

0.00 0.00

0.00 0.00
9,833.33

0.00 7,500.00

0.00 0.00
18,729.03
LT
City of Escondido
023135CP9
AMAZON.COM INC
1,000,000.00
USD
CORP
LT
WA
Y
Y

0.00 1,002,136.54

0.00 0.00

0.00 1,001,861.93
-274.61

0.00 0.00
3,791.67

0.00 0.00

0.00 0.00
15,166.67

0.00 11,375.00

0.00 0.00
11,100.39
LT
City of Escondido
037833EH9

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

0.00 918,006.05

0.00 0.00

0.00 925,397.40
7,391.35

0.00 0.00
5,677.78

0.00 0.00

0.00 0.00
2,177.78
7,000.00
3,500.00

0.00 0.00
10,891.35
LT
City of Escondido
06406RBG1

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

0.00 1,982,740.49

0.00 0.00

0.00 1,985,618.69
2,878.20

0.00 0.00
3,992.00

0.00 0.00

0.00 0.00
23,952.00

0.00 19,960.00

0.00 0.00
22,838.20
LT
City of Escondido
12189LBA8

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

0.00 1,975,093.05

0.00 0.00

0.00 1,979,241.24
4,148.19

0.00 0.00
2,888.89

0.00 0.00

0.00 0.00
19,138.89

0.00 16,250.00

0.00 0.00
20,398.19
LT
City of Escondido
14913R2U0

CATERPILLAR FINANCIAL SERVICES
CORP

0.00 USD
CORP
LT
TN
Y
Y

0.00 798,861.95

0.00 0.00

0.00 -798,882.91

0.00 0.00

20.96 0.00

0.00 6,535.56

0.00 0.00

0.00 -6,800.00

0.00 0.00
264.44

0.00 0.00
285.40
LT
City of Escondido
14913UAU4

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

0.00 1,028,452.10

0.00 0.00

0.00 1,026,749.28
-1,702.82

0.00 0.00
6,005.56

0.00 0.00

0.00 0.00
17,755.56

0.00 11,750.00

0.00 0.00
10,047.18
GAAP GL Income Detail City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 34 Attachment "4"
58 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
14913UBH2

CATERPILLAR FINANCIAL SERVICES
CORP
2,000,000.00
USD
CORP
LT
TN
Y
Y

0.00 0.00
2,008,000.00

0.00 0.00

0.00 0.00
2,007,921.70
-78.30

0.00 0.00

0.00 14,063.89

0.00 0.00

0.00 19,136.11

0.00 5,072.22

0.00 0.00
4,993.92
LT
City of Escondido
166756BJ4

CHEVRON USA INC
2,000,000.00
USD
CORP
LT
CA
Y
Y

0.00 0.00
2,025,000.00

0.00 0.00

0.00 0.00
2,024,136.31
-863.69

0.00 0.00

0.00 35,594.44

0.00 0.00

0.00 54,466.67

0.00 18,872.23

0.00 0.00
18,008.54
LT
City of Escondido
166764BY5

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

0.00 1,834,051.34

0.00 0.00

0.00 1,842,699.36
8,648.02

0.00 0.00
6,211.11

0.00 0.00

0.00 0.00
17,391.11

0.00 11,180.00

0.00 0.00
19,828.02
LT
City of Escondido
17325FBK3

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

0.00 1,006,375.68

0.00 0.00

0.00 1,005,962.29
-413.39

0.00 0.00
19,486.39

0.00 0.00

0.00 0.00
7,391.39
24,190.00
12,095.00

0.00 0.00
11,681.61
LT
City of Escondido
191216CU2

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

0.00 1,435,175.22

0.00 0.00

0.00 1,446,229.64
11,054.42

0.00 0.00
1,812.50

0.00 0.00

0.00 0.00
7,250.00

0.00 5,437.50

0.00 0.00
16,491.92
LT
City of Escondido
22160KAP0

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

0.00 1,792,831.83

0.00 0.00

0.00 1,803,723.77
10,891.94

0.00 0.00
6,311.11

0.00 0.00

0.00 0.00
14,311.11

0.00 8,000.00

0.00 0.00
18,891.94
LT
City of Escondido
24422EWA3

JOHN DEERE CAPITAL CORP

0.00 USD
CORP
LT
WI
Y
Y

0.00 799,041.93

0.00 0.00

0.00 -799,066.94

0.00 0.00

25.01 0.00

0.00 6,422.22

0.00 0.00

0.00 -6,800.00

0.00 0.00
377.78

0.00 0.00
402.79
LT
City of Escondido
254687FL5

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

0.00 918,378.70

0.00 0.00

0.00 923,476.87
5,098.17

0.00 0.00
6,666.67

0.00 0.00

0.00 0.00
1,666.67
10,000.00
5,000.00

0.00 0.00
10,098.17
LT
City of Escondido
254687GC4

WALT DISNEY CO
4,000,000.00
USD
CORP
LT
CA
Y
Y

0.00 0.00
3,952,000.00

0.00 0.00

0.00 0.00
3,952,301.74
301.74

0.00 0.00

0.00 17,916.67

0.00 0.00

0.00 20,416.67

0.00 2,500.00

0.00 0.00
2,801.73
LT
City of Escondido
30303MAB8

META PLATFORMS INC
1,000,000.00
USD
CORP
LT
CA
Y
Y

0.00 0.00
1,005,000.00

0.00 0.00

0.00 0.00
1,004,829.71
-170.29

0.00 0.00

0.00 8,050.00

0.00 0.00

0.00 17,266.67

0.00 9,216.67

0.00 0.00
9,046.37
LT
City of Escondido
3130BA2S5

FEDERAL HOME LOAN BANKS
4,000,000.00
USD

AGCY BOND
LT
DC
N
Y

0.00 0.00
4,000,000.00

0.00 0.00

0.00 0.00
4,000,000.00

0.00 0.00

0.00 0.00
500.00

0.00 500.00

0.00 0.00
500.00
LT
City of Escondido
3133EMAC6

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

AGCY BOND
LT
NJ
N
Y

0.00 947,378.88

0.00 0.00

0.00 954,738.64
7,359.75

0.00 0.00
2,083.33

0.00 0.00

0.00 0.00
208.33
3,750.00
1,875.00

0.00 0.00
9,234.75
LT
City of Escondido
3135G05Y5

FEDERAL NATIONAL MORTGAGE

ASSOCIATION
1,000,000.00
USD

AGCY BOND
LT
DC
Y
Y

0.00 937,851.61

0.00 0.00

0.00 946,229.17
8,377.56

0.00 0.00
1,729.17

0.00 0.00

0.00 0.00
3,604.17

0.00 1,875.00

0.00 0.00
10,252.56
LT
City of Escondido
437076BY7

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

0.00 952,820.59

0.00 0.00

0.00 955,977.49
3,156.90

0.00 0.00
1,311.11

0.00 0.00

0.00 0.00
8,686.11

0.00 7,375.00

0.00 0.00
10,531.90
LT
City of Escondido
437076DC3

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

0.00 1,000,000.00

0.00 0.00

0.00 1,000,000.00

0.00 0.00

0.00 791.67

0.00 0.00

0.00 0.00
12,666.67

0.00 11,875.00

0.00 0.00
11,875.00
LT
City of Escondido
437076DC3

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

0.00 3,083,338.69

0.00 0.00

0.00 3,077,615.70
-5,723.00

0.00 0.00
2,375.00

0.00 0.00

0.00 0.00
38,000.00

0.00 35,625.00

0.00 0.00
29,902.00
LT
City of Escondido
437076DJ8

HOME DEPOT INC
2,000,000.00
USD
CORP
LT
GA
Y
Y

0.00 0.00
1,999,740.00

0.00 0.00

0.00 0.00
1,999,834.75

94.75 0.00

0.00 0.00
25,894.44

0.00 0.00

0.00 3,511.11
39,500.00
17,116.67

0.00 0.00
17,211.42
LT
City of Escondido
438516CE4

HONEYWELL INTERNATIONAL INC

0.00 USD
CORP
LT
NC
Y
Y

0.00 692,097.58

0.00 0.00

0.00 -693,190.28

0.00 0.00
1,092.70

0.00 0.00
2,566.67

0.00 0.00

0.00 -3,850.00

0.00 0.00
1,283.33

0.00 0.00
2,376.03
LT
City of Escondido
459200KM2

INTERNATIONAL BUSINESS MACHINES
CORP

0.00 USD
CORP
LT
NY
Y
Y

0.00 997,123.11

0.00 0.00

0.00 -997,394.23

0.00 0.00
271.12

0.00 0.00
8,677.78

0.00 0.00

0.00 -11,000.00

0.00 0.00
2,322.22

0.00 0.00
2,593.34
LT
City of Escondido
46647PDA1

JPMORGAN CHASE & CO
3,000,000.00
USD
CORP
LT
NY
Y
Y

0.00 0.00
3,018,000.00

0.00 0.00

0.00 0.00
3,016,500.69
-1,499.31

0.00 0.00

0.00 42,149.25

0.00 0.00

0.00 55,838.75

0.00 13,689.50

0.00 0.00
12,190.19
GAAP GL Income Detail City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 35 Attachment "4"
59 Item5.

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

0.00 1,037,412.97

0.00 0.00

0.00 1,034,316.63
-3,096.34

0.00 0.00
11,497.67

0.00 0.00

0.00 0.00
26,715.17

0.00 15,217.50

0.00 0.00
12,121.16
LT
City of Escondido
478160DJ0

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

0.00 2,065,601.92

0.00 0.00

0.00 2,061,943.44
-3,658.47

0.00 0.00
31,333.33

0.00 0.00

0.00 0.00
7,833.33
47,000.00
23,500.00

0.00 0.00
19,841.53
LT
City of Escondido
57636QAM6

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

0.00 946,113.55

0.00 0.00

0.00 949,743.83
3,630.28

0.00 0.00
2,458.33

0.00 0.00

0.00 0.00
9,833.33

0.00 7,375.00

0.00 0.00
11,005.28
LT
City of Escondido
57636QAM6

MASTERCARD INC
4,000,000.00
USD
CORP
LT
NY
Y
Y

0.00 0.00
3,908,000.00

0.00 0.00

0.00 0.00
3,910,779.99
2,779.99

0.00 0.00

0.00 26,877.78

0.00 0.00

0.00 39,333.33

0.00 12,455.55

0.00 0.00
15,235.54
LT
City of Escondido
58933YBQ7

MERCK & CO INC
1,000,000.00
USD
CORP
LT
NJ
Y
Y

0.00 0.00
1,006,000.00

0.00 0.00

0.00 0.00
1,005,785.43
-214.57

0.00 0.00

0.00 14,179.17

0.00 0.00

0.00 1,844.44
21,441.67
9,106.94

0.00 0.00
8,892.37
LT
City of Escondido
665859AW4

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

0.00 671,805.36

0.00 0.00

0.00 671,462.84
-342.53

0.00 0.00
3,796.67

0.00 0.00

0.00 0.00
10,496.67

0.00 6,700.00

0.00 0.00
6,357.47
LT
City of Escondido
70450YAE3

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

0.00 958,508.82

0.00 0.00

0.00 961,048.74
2,539.92

0.00 0.00
7,125.00

0.00 0.00

0.00 0.00
14,250.00

0.00 7,125.00

0.00 0.00
9,664.92
LT
City of Escondido
87612EBM7

TARGET CORP

0.00 USD
CORP
LT
MN
Y
Y

0.00 179,934.18

0.00 0.00

0.00 -179,936.55

0.00 0.00

2.38 0.00

0.00 1,618.50

0.00 0.00

0.00 -1,755.00

0.00 0.00
136.50

0.00 0.00
138.88
LT
City of Escondido
87612EBM7

TARGET CORP

0.00 USD
CORP
LT
MN
Y
Y

0.00 650,292.75

0.00 0.00

0.00 -650,281.40

0.00 0.00
-11.35

0.00 0.00
5,844.58

0.00 0.00

0.00 -6,337.50

0.00 0.00
492.92

0.00 0.00
481.56
LT
City of Escondido
9128285M8

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

0.00 3,876,481.39

0.00 0.00

0.00 3,886,598.61
10,117.22

0.00 0.00
16,229.28

0.00 0.00

0.00 0.00
47,306.63

0.00 31,077.35

0.00 0.00
41,194.56
LT
City of Escondido
9128286B1

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

0.00 2,826,942.49

0.00 0.00

0.00 2,839,734.31
12,791.82

0.00 0.00
29,745.24

0.00 0.00

0.00 0.00
9,789.36
39,375.00
19,419.12

0.00 0.00
32,210.94
LT
City of Escondido
912828V98

UNITED STATES TREASURY

0.00 USD
US GOV
LT
DC
N
Y

0.00 1,151,216.37

0.00 0.00

0.00 -1,152,154.88

0.00 0.00
938.52

0.00 0.00
9,858.42

0.00 0.00

0.00 -13,050.00

0.00 0.00
3,191.58

0.00 0.00
4,130.09
LT
City of Escondido
912828Z94

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

0.00 1,806,058.19

0.00 0.00

0.00 1,816,777.24
10,719.05

0.00 0.00
11,331.52

0.00 0.00

0.00 0.00
3,729.28
15,000.00
7,397.76

0.00 0.00
18,116.81
LT
City of Escondido
912828ZV5

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

0.00 2,826,839.35

0.00 0.00

0.00 2,854,950.13
28,110.78

0.00 0.00

41.44 0.00

0.00 0.00

0.00 3,770.72

0.00 3,729.28

0.00 0.00
31,840.06
LT
City of Escondido
91282CAD3

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

0.00 1,902,656.19

0.00 0.00

0.00 1,917,547.66
14,891.47

0.00 0.00
3,138.59

0.00 0.00

0.00 0.00
1,243.09
3,750.00
1,854.51

0.00 0.00
16,745.98
LT
City of Escondido
91282CAY7

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

0.00 1,869,912.96

0.00 0.00

0.00 1,886,190.42
16,277.46

0.00 0.00
1,098.90

0.00 0.00

0.00 0.00
4,189.56

0.00 3,090.66

0.00 0.00
19,368.12
LT
City of Escondido
91282CBJ9

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

0.00 926,484.82

0.00 0.00

0.00 934,885.89
8,401.07

0.00 0.00
3,138.59

0.00 0.00

0.00 0.00
1,243.09
3,750.00
1,854.51

0.00 0.00
10,255.58
LT
City of Escondido
91282CDF5

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

0.00 2,772,963.96

0.00 0.00

0.00 2,791,826.66
18,862.70

0.00 0.00
7,064.92

0.00 0.00

0.00 0.00
17,320.44

0.00 10,255.52

0.00 0.00
29,118.23
LT
City of Escondido
91282CEN7

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

0.00 1,956,833.95

0.00 0.00

0.00 1,964,711.76
7,877.82

0.00 0.00
9,419.89

0.00 0.00

0.00 0.00
23,093.92

0.00 13,674.03

0.00 0.00
21,551.85
LT
City of Escondido
91282CES6

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

0.00 2,859,920.48

0.00 0.00

0.00 2,869,429.31
9,508.83

0.00 0.00
7,252.75

0.00 0.00

0.00 0.00
27,651.10

0.00 20,398.35

0.00 0.00
29,907.18
LT
City of Escondido
91282CEV9

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

0.00 1,935,872.06

0.00 0.00

0.00 1,940,148.46
4,276.41

0.00 0.00
179.56

0.00 0.00

0.00 0.00
16,339.78

0.00 16,160.22

0.00 0.00
20,436.63
GAAP GL Income Detail City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 36 Attachment "4"
60 Item5.

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

0.00 2,905,347.47

0.00 0.00

0.00 2,911,660.98
6,313.51

0.00 0.00
269.34

0.00 0.00

0.00 0.00
24,509.67

0.00 24,240.33

0.00 0.00
30,553.84
LT
City of Escondido
91282CEW7

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

0.00 2,958,222.36

0.00 0.00

0.00 2,965,015.02
6,792.66

0.00 0.00
269.34

0.00 0.00

0.00 0.00
24,509.67

0.00 24,240.33

0.00 0.00
31,032.99
LT
City of Escondido
91282CFB2

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

0.00 976,056.57

0.00 0.00

0.00 979,702.42
3,645.85

0.00 0.00
11,508.15

0.00 0.00

0.00 0.00
4,558.01
13,750.00
6,799.86

0.00 0.00
10,445.71
LT
City of Escondido
91282CFB2

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

0.00 979,226.79

0.00 0.00

0.00 982,394.00
3,167.21

0.00 0.00
11,508.15

0.00 0.00

0.00 0.00
4,558.01
13,750.00
6,799.86

0.00 0.00
9,967.07
LT
City of Escondido
91282CFB2

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

0.00 0.00
2,971,875.00

0.00 0.00

0.00 0.00
2,973,848.71
1,973.71

0.00 0.00

0.00 5,241.71

0.00 0.00

0.00 13,674.03

0.00 8,432.32

0.00 0.00
10,406.03
LT
City of Escondido
91282CFB2

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

0.00 0.00
1,978,320.00

0.00 0.00

0.00 0.00
1,979,292.70
972.70

0.00 0.00

0.00 5,621.55

0.00 0.00

0.00 9,116.02

0.00 3,494.47

0.00 0.00
4,467.17
LT
City of Escondido
91282CFH9

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

0.00 980,298.13

0.00 0.00

0.00 983,131.35
2,833.22

0.00 0.00
10,618.09

0.00 0.00

0.00 0.00
2,717.39
15,625.00
7,724.30

0.00 0.00
10,557.52
LT
City of Escondido
91282CFJ5

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

0.00 1,925,100.09

0.00 0.00

0.00 1,929,779.74
4,679.66

0.00 0.00
21,236.19

0.00 0.00

0.00 0.00
5,434.78
31,250.00
15,448.59

0.00 0.00
20,128.25
LT
City of Escondido
91282CFU0

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

0.00 1,996,665.62

0.00 0.00

0.00 1,997,103.56
437.94

0.00 0.00
14,129.83

0.00 0.00

0.00 0.00
34,640.88

0.00 20,511.05

0.00 0.00
20,948.99
LT
City of Escondido
91282CFU0

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

0.00 998,515.58

0.00 0.00

0.00 998,710.56
194.98

0.00 0.00
7,064.92

0.00 0.00

0.00 0.00
17,320.44

0.00 10,255.52

0.00 0.00
10,450.51
LT
City of Escondido
91282CGB1

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

0.00 2,943,929.00

0.00 0.00

0.00 2,947,141.39
3,212.40

0.00 0.00
321.13

0.00 0.00

0.00 0.00
29,223.07

0.00 28,901.93

0.00 0.00
32,114.33
LT
City of Escondido
91282CGC9

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

0.00 3,978,382.73

0.00 0.00

0.00 3,980,991.05
2,608.32

0.00 0.00
428.18

0.00 0.00

0.00 0.00
38,964.09

0.00 38,535.91

0.00 0.00
41,144.23
LT
City of Escondido
91282CGJ4

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

0.00 0.00
1,967,500.00

0.00 0.00

0.00 0.00
1,967,655.68
155.68

0.00 0.00

0.00 10,248.62

0.00 0.00

0.00 11,602.21

0.00 1,353.59

0.00 0.00
1,509.27
LT
City of Escondido
91282CGP0

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

0.00 990,321.94

0.00 0.00

0.00 991,381.90
1,059.96

0.00 0.00
13,591.16

0.00 0.00

0.00 0.00
3,478.26
20,000.00
9,887.10

0.00 0.00
10,947.07
LT
City of Escondido
91282CGP0

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

0.00 1,997,539.51

0.00 0.00

0.00 1,997,810.08
270.57

0.00 0.00
27,182.32

0.00 0.00

0.00 0.00
6,956.52
40,000.00
19,774.20

0.00 0.00
20,044.77
LT
City of Escondido
91282CGT2

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

0.00 4,946,413.91

0.00 0.00

0.00 4,952,087.17
5,673.26

0.00 0.00
46,308.38

0.00 0.00

0.00 0.00
495.22
90,625.00
44,811.84

0.00 0.00
50,485.09
LT
City of Escondido
91282CHA2

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

0.00 985,500.29

0.00 0.00

0.00 986,980.80
1,480.50

0.00 0.00
5,994.48

0.00 0.00

0.00 0.00
14,696.13

0.00 8,701.66

0.00 0.00
10,182.16
LT
City of Escondido
91282CHA2

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

0.00 1,963,623.97

0.00 0.00

0.00 1,967,331.43
3,707.46

0.00 0.00
11,988.95

0.00 0.00

0.00 0.00
29,392.27

0.00 17,403.31

0.00 0.00
21,110.77
LT
City of Escondido
91282CHE4

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

0.00 1,976,129.44

0.00 0.00

0.00 1,978,486.77
2,357.33

0.00 0.00
6,373.63

0.00 0.00

0.00 0.00
24,299.45

0.00 17,925.82

0.00 0.00
20,283.16
LT
City of Escondido
91282CHJ3

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

0.00 4,948,770.74

0.00 0.00

0.00 4,951,383.54
2,612.80

0.00 0.00
517.96

0.00 0.00

0.00 0.00
47,133.98

0.00 46,616.02

0.00 0.00
49,228.83
LT
City of Escondido
91282CHK0

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

0.00 1,979,179.91

0.00 0.00

0.00 1,981,162.50
1,982.59

0.00 0.00
220.99

0.00 0.00

0.00 0.00
20,110.50

0.00 19,889.50

0.00 0.00
21,872.09
GAAP GL Income Detail City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 37 Attachment "4"
61 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
91282CHK0

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

0.00 2,995,757.98

0.00 0.00

0.00 2,996,163.49
405.50

0.00 0.00
331.49

0.00 0.00

0.00 0.00
30,165.75

0.00 29,834.25

0.00 0.00
30,239.76
LT
City of Escondido
91282CHQ7

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

0.00 2,958,506.08

0.00 0.00

0.00 2,962,277.42
3,771.33

0.00 0.00
51,786.68

0.00 0.00

0.00 0.00
20,511.05
61,875.00
30,599.36

0.00 0.00
34,370.70
LT
City of Escondido
91282CJA0

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

0.00 2,997,958.39

0.00 0.00

0.00 2,998,131.04
172.65

0.00 0.00
35,449.86

0.00 0.00

0.00 0.00
379.10
69,375.00
34,304.24

0.00 0.00
34,476.88
LT
City of Escondido
91282CJR3

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

0.00 2,956,538.71

0.00 0.00

0.00 2,959,955.94
3,417.24

0.00 0.00
310.77

0.00 0.00

0.00 0.00
28,280.39

0.00 27,969.61

0.00 0.00
31,386.85
LT
City of Escondido
91282CJR3

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

0.00 1,968,499.11

0.00 0.00

0.00 1,970,974.51
2,475.40

0.00 0.00
207.18

0.00 0.00

0.00 0.00
18,853.59

0.00 18,646.41

0.00 0.00
21,121.81
LT
City of Escondido
91282CKG5

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

0.00 985,089.09

0.00 0.00

0.00 986,143.58
1,054.49

0.00 0.00
10,539.15

0.00 0.00

0.00 0.00
112.70
20,625.00
10,198.56

0.00 0.00
11,253.05
LT
City of Escondido
91282CNN7

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

0.00 0.00
3,024,262.47

0.00 0.00

0.00 0.00
3,023,235.02
-1,027.45

0.00 0.00

0.00 52,122.96

0.00 0.00

0.00 19,267.96
58,125.00
25,270.00

0.00 0.00
24,242.55
LT
City of Escondido
91282CNX5

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

0.00 0.00
997,224.88

0.00 0.00

0.00 0.00
997,376.29
151.41

0.00 0.00

0.00 13,418.51

0.00 0.00

0.00 3,152.17
18,125.00
7,858.66

0.00 0.00
8,010.07
LT
City of Escondido
91282CNY3

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

0.00 2,985,033.97

0.00 0.00

0.00 2,986,366.98
1,333.02

0.00 0.00
30,207.18

0.00 0.00

0.00 0.00
4,677.31
50,625.00
25,095.13

0.00 0.00
26,428.14
LT
City of Escondido
91282CPW5

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

0.00 0.00
3,009,390.00

0.00 0.00

0.00 0.00
3,009,290.23
-99.77

0.00 0.00

0.00 11,498.62

0.00 0.00

0.00 18,646.41

0.00 7,147.79

0.00 0.00
7,048.02
LT
City of Escondido
91324PDK5

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

0.00 1,981,485.54

0.00 0.00

0.00 1,983,272.42
1,786.88

0.00 0.00
3,422.22

0.00 0.00

0.00 0.00
22,672.22

0.00 19,250.00

0.00 0.00
21,036.88
LT
City of Escondido
91324PEG3

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

0.00 199,968.08

0.00 0.00

0.00 199,973.75

5.68 0.00

0.00 945.56

0.00 0.00

0.00 0.00
2,795.56

0.00 1,850.00

0.00 0.00
1,855.68
LT
City of Escondido
91324PEG3

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

0.00 441,018.47

0.00 0.00

0.00 440,827.02
-191.45

0.00 0.00
2,080.22

0.00 0.00

0.00 0.00
6,150.22

0.00 4,070.00

0.00 0.00
3,878.55
LT
City of Escondido
94106LBX6

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

0.00 2,334,392.69

0.00 0.00

0.00 2,334,490.46

97.78 0.00

0.00 57,149.13

0.00 0.00

0.00 0.00
28,253.50
57,791.25
28,895.63

0.00 0.00
28,993.40
LT
City of Escondido
---
---
158,645,000.00
USD
---
LT
---
---
Y

0.00 123,820,543.61
36,870,312.35

0.00 0.00
-5,270,907.19

0.00 155,708,815.79
288,867.01

0.00 0.00
653,869.98
282,877.61

0.00 0.00
-49,592.50
1,233,194.21
776,297.92
1,122,337.04

0.00 0.00
1,411,204.05
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

0.00 997,876.52

0.00 0.00

0.00 998,640.99
764.47

0.00 0.00
4,044.44

0.00 0.00

0.00 0.00
794.44
6,500.00
3,250.00

0.00 0.00
4,014.47
ST
City of Escondido
037833BZ2

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

0.00 989,635.96

0.00 0.00

0.00 993,939.19
4,303.22

0.00 0.00
10,004.17

0.00 0.00

0.00 0.00
3,879.17
12,250.00
6,125.00

0.00 0.00
10,428.22
ST
City of Escondido
04636NAA1

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

0.00 700,051.25

0.00 0.00

0.00 700,011.83
-39.42

0.00 0.00
770.00

0.00 0.00

0.00 0.00
2,870.00

0.00 2,100.00

0.00 0.00
2,060.58
GAAP GL Income Detail City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 38 Attachment "4"
62 Item5.

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

0.00 0.00

0.00 798,882.91

0.00 0.00

0.00 799,137.86
254.96

0.00 0.00

0.00 0.00
6,800.00

0.00 0.00
3,135.56
6,800.00
3,135.56

0.00 0.00
3,390.51
ST
City of Escondido
14913R3B1

CATERPILLAR FINANCIAL SERVICES
CORP

0.00 USD
CORP
ST
TN
Y
Y

0.00 499,996.68

0.00 0.00
-500,000.00

0.00 0.00

0.00 3.32

0.00 0.00
11,666.67

0.00 0.00

0.00 12,000.00
333.33

0.00 0.00
336.66
ST
City of Escondido
24422EWA3

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

0.00 0.00

0.00 799,066.94

0.00 0.00

0.00 799,272.21
205.27

0.00 0.00

0.00 0.00
6,800.00

0.00 0.00
3,022.22
6,800.00
3,022.22

0.00 0.00
3,227.49
ST
City of Escondido
438516CE4

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

0.00 0.00

0.00 693,190.28

0.00 0.00

0.00 693,760.94
570.67

0.00 0.00

0.00 0.00
3,850.00

0.00 0.00
641.67
3,850.00
641.67

0.00 0.00
1,212.33
ST
City of Escondido
459200KM2

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

0.00 0.00

0.00 997,394.23

0.00 0.00

0.00 997,759.09
364.86

0.00 0.00

0.00 0.00
11,000.00

0.00 0.00
3,177.78
11,000.00
3,177.78

0.00 0.00
3,542.64
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 2,255.25

0.00 0.00

0.00 0.00
1,127.63
2,255.25
1,127.63

0.00 0.00
1,127.63
ST
City of Escondido
87612EBM7

TARGET CORP
180,000.00
USD
CORP
ST
MN
Y
Y

0.00 0.00

0.00 179,936.55

0.00 0.00

0.00 179,949.81

13.25 0.00

0.00 0.00

0.00 1,755.00

0.00 0.00
741.00
1,755.00
741.00

0.00 0.00
754.25
ST
City of Escondido
87612EBM7

TARGET CORP
650,000.00
USD
CORP
ST
MN
Y
Y

0.00 0.00

0.00 650,281.40

0.00 0.00

0.00 650,216.46
-64.94

0.00 0.00

0.00 0.00
6,337.50

0.00 0.00
2,675.83
6,337.50
2,675.83

0.00 0.00
2,610.89
ST
City of Escondido
912797SA6

UNITED STATES TREASURY
2,000,000.00
USD
T-BILL
ST
DC
N
Y

0.00 0.00
1,958,560.00

0.00 0.00

0.00 0.00
1,965,529.45
6,969.45

0.00 0.00

0.00 0.00
6,969.45
ST
City of Escondido
9128282A7

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

0.00 1,882,373.69

0.00 0.00

0.00 1,889,327.29
6,953.60

0.00 0.00
10,764.95

0.00 0.00

0.00 0.00
3,542.82
14,250.00
7,027.87

0.00 0.00
13,981.48
ST
City of Escondido
9128286A3

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 2,042,299.94

0.00 0.00
-2,045,000.00

0.00 0.00

0.00 2,700.06

0.00 0.00
22,464.44

0.00 0.00

0.00 26,840.63
4,376.19

0.00 0.00
7,076.25
ST
City of Escondido
912828V98

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

0.00 0.00

0.00 1,152,154.88

0.00 0.00

0.00 1,153,122.99
968.10

0.00 0.00

0.00 0.00
13,050.00

0.00 0.00
3,244.48
13,050.00
3,244.48

0.00 0.00
4,212.58
ST
City of Escondido
912828Y95

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

0.00 1,979,293.13

0.00 0.00

0.00 1,988,067.52
8,774.40

0.00 0.00
15,692.93

0.00 0.00

0.00 0.00
6,215.47
18,750.00
9,272.53

0.00 0.00
18,046.93
ST
City of Escondido
91282CBH3

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 644,833.81

0.00 0.00
-645,000.00

0.00 0.00

0.00 166.19

0.00 0.00
1,012.19

0.00 0.00

0.00 1,209.38
197.18

0.00 0.00
363.37
ST
City of Escondido
91282CBH3

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 1,279,555.15

0.00 0.00
-1,280,000.00

0.00 0.00

0.00 444.85

0.00 0.00
2,008.70

0.00 0.00

0.00 2,400.00
391.31

0.00 0.00
836.16
ST
City of Escondido
91282CBH3

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 1,599,031.19

0.00 0.00
-1,600,000.00

0.00 0.00

0.00 968.81

0.00 0.00
2,510.87

0.00 0.00

0.00 3,000.00
489.13

0.00 0.00
1,457.95
ST
City of Escondido
91282CBH3

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 999,746.54

0.00 0.00
-1,000,000.00

0.00 0.00

0.00 253.46

0.00 0.00
1,569.29

0.00 0.00

0.00 1,875.00
305.71

0.00 0.00
559.17
ST
City of Escondido
91282CBH3

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 799,703.41

0.00 0.00
-800,000.00

0.00 0.00

0.00 296.59

0.00 0.00
1,255.43

0.00 0.00

0.00 1,500.00
244.57

0.00 0.00
541.16
ST
City of Escondido
91282CBQ3

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 2,997,103.17

0.00 0.00
-3,000,000.00

0.00 0.00

0.00 2,896.83

0.00 0.00
5,096.69

0.00 0.00

0.00 7,500.00
2,403.31

0.00 0.00
5,300.15
ST
City of Escondido
91282CBQ3

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 399,746.57

0.00 0.00
-400,000.00

0.00 0.00

0.00 253.43

0.00 0.00
679.56

0.00 0.00

0.00 1,000.00
320.44

0.00 0.00
573.87
GAAP GL Income Detail City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 39 Attachment "4"
63 Item5.

Summary

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

UNITED STATES TREASURY

0.00 USD
US GOV
ST
DC
N
Y

0.00 1,999,550.48

0.00 0.00
-2,000,000.00

0.00 0.00

0.00 449.52

0.00 0.00
3,832.42

0.00 0.00

0.00 7,500.00
3,667.58

0.00 0.00
4,117.10
ST
City of Escondido
91282CCF6

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

0.00 1,679,692.28

0.00 0.00

0.00 1,679,876.91
184.63

0.00 0.00
1,107.69

0.00 0.00

0.00 0.00
4,223.08

0.00 3,115.38

0.00 0.00
3,300.02
ST
City of Escondido
91282CCF6

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

0.00 2,388,176.85

0.00 0.00

0.00 2,395,270.74
7,093.89

0.00 0.00
1,582.42

0.00 0.00

0.00 0.00
6,032.97

0.00 4,450.55

0.00 0.00
11,544.44
ST
City of Escondido
91282CCJ8

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

0.00 356,885.02

0.00 0.00

0.00 358,442.51
1,557.49

0.00 0.00

8.70 0.00

0.00 0.00

0.00 791.85

0.00 783.15

0.00 0.00
2,340.64
ST
City of Escondido
91282CCJ8

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

0.00 2,052,136.69

0.00 0.00

0.00 2,051,068.35
-1,068.35

0.00 0.00

49.55 0.00

0.00 0.00

0.00 4,509.15

0.00 4,459.60

0.00 0.00
3,391.25
ST
City of Escondido
91282CDG3

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

0.00 4,997,340.40

0.00 0.00

0.00 4,998,132.78
792.38

0.00 0.00
9,633.98

0.00 0.00

0.00 0.00
23,618.78

0.00 13,984.81

0.00 0.00
14,777.19
ST
City of Escondido
91282CDG3

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

0.00 397,423.14

0.00 0.00

0.00 398,189.19
766.06

0.00 0.00
770.72

0.00 0.00

0.00 0.00
1,889.50

0.00 1,118.78

0.00 0.00
1,884.84
ST
City of Escondido
91282CDG3

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

0.00 979,637.32

0.00 0.00

0.00 985,659.37
6,022.05

0.00 0.00
1,926.80

0.00 0.00

0.00 0.00
4,723.76

0.00 2,796.96

0.00 0.00
8,819.01
ST
City of Escondido
91282CDG3

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

0.00 499,606.11

0.00 0.00

0.00 499,723.45
117.34

0.00 0.00
963.40

0.00 0.00

0.00 0.00
2,361.88

0.00 1,398.48

0.00 0.00
1,515.82
ST
City of Escondido
91282CDG3

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

0.00 0.00
1,969,380.00

0.00 0.00

0.00 0.00
1,972,370.19
2,990.19

0.00 0.00

0.00 8,017.96

0.00 0.00

0.00 9,447.51

0.00 1,429.55

0.00 0.00
4,419.75
ST
City of Escondido
91282CHH7

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

0.00 997,496.00

0.00 0.00

0.00 998,861.82
1,365.82

0.00 0.00
1,926.51

0.00 0.00

0.00 0.00
12,125.69

0.00 10,199.18

0.00 0.00
11,564.99
ST
City of Escondido
91282CHU8

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

0.00 2,002,537.17

0.00 0.00

0.00 2,001,537.94
-999.24

0.00 0.00
33,050.27

0.00 0.00

0.00 0.00
10,877.07
43,750.00
21,576.80

0.00 0.00
20,577.56
ST
City of Escondido
91282CLS8

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

0.00 2,997,430.26

0.00 0.00

0.00 2,998,191.46
761.21

0.00 0.00
21,194.75

0.00 0.00

0.00 0.00
51,961.33

0.00 30,766.57

0.00 0.00
31,527.78
ST
City of Escondido
---
---
35,590,000.00
USD
---
ST
---
---
Y

0.00 39,469,158.71
3,927,940.00
5,270,907.19
-13,270,000.00

0.00 0.00
35,456,060.34
58,054.44

0.00 0.00
167,842.78
8,017.96
49,592.50

0.00 0.00
167,630.62
212,172.76
154,350.14

0.00 0.00
212,404.58
General Ledger Grouping,
Account,
Identifier
Description,
Factorized Units,
Currency
Security Type,
BS Class,
State
State Tax,
Fed Tax,
Net Transfers
Beginning Book Value
less Due,
Acquired Book Value
less Due,
Transferred In Book
Value less Due
Disposed Book Value,
Transferred Out Book
Value less Due,
Impairment Loss
Ending Book Value
less Due,
Net Amortization/
Accretion,
Miscellaneous Income
Miscellaneous
Expense,
Beginning Due &
Accrued,
Acquired Due &
Accrued
Transferred In
Due & Accrued,
Disposed Due &
Accrued,
Transferred Out
Due & Accrued
Ending Due &
Accrued,
Interest/Dividend
Received,
Interest/Dividend
Income
Net Realized Gain/
Loss,
Net Gain/Loss,
Net Income
---
City of Escondido
---
---
198,216,275.69
USD
---
---
---
---
Y
20,000,000.00
174,043,214.35
75,101,863.94
5,270,907.19
-54,345,847.92
-5,270,907.19

0.00 195,146,151.83
346,921.46

0.00 0.00
821,712.76
290,895.57
49,592.50

0.00 -49,592.50
1,400,824.83
1,046,911.59
1,335,128.09

0.00 0.00
1,682,049.55
GAAP GL Income Detail City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 40 Attachment "4"
64 Item5.
* Does not Lock Down.

Account Identifier Description Current Units Currency Transaction Type Entry Date Settle Date Final Maturity
Price Principal Commission Amount
City of Escondido 02665WDZ1 AMERICAN HONDA FINANCE CORP 0.00 USD Coupon 03/09/2026 03/09/2026 09/09/2026 --- 0.00 0.00 6,500.00 City of Escondido 037833BZ2 APPLE INC 0.00 USD Coupon 02/04/2026 02/04/2026 08/04/2026 --- 0.00 0.00 12,250.00 City of Escondido 037833EH9 APPLE INC 0.00 USD Coupon 02/05/2026 02/05/2026 08/05/2028 --- 0.00 0.00 7,000.00 City of Escondido 14913R2U0 CATERPILLAR FINANCIAL

SERVICES CORP

0.00 USD Coupon 01/08/2026 01/08/2026 01/08/2027 --- 0.00 0.00 6,800.00 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL

SERVICES CORP

0.00 USD Coupon 01/06/2026 01/06/2026 01/06/2026 --- 0.00 0.00 12,000.00 City of Escondido 14913R3B1 CATERPILLAR FINANCIAL

SERVICES CORP
-500,000.00 USD Maturity 01/06/2026 01/06/2026 01/06/2026 100.000 -500,000.00 0.00 500,000.00 City of Escondido 14913UBH2 CATERPILLAR FINANCIAL

SERVICES CORP
2,000,000.00 USD Buy 03/06/2026 03/09/2026 01/08/2031 100.400 2,008,000.00 0.00 -2,022,063.89 City of Escondido 166756BJ4 CHEVRON USA INC 2,000,000.00 USD Buy 01/09/2026 01/12/2026 10/15/2030 101.250 2,025,000.00 0.00 -2,060,594.44 City of Escondido 17325FBK3 CITIBANK NA 0.00 USD Coupon 02/06/2026 02/06/2026 08/06/2029 --- 0.00 0.00 24,190.00 City of Escondido 24422EWA3 JOHN DEERE CAPITAL CORP 0.00 USD Coupon 01/11/2026 01/11/2026 01/11/2027 --- 0.00 0.00 6,800.00 City of Escondido 254687FL5 WALT DISNEY CO 0.00 USD Coupon 03/01/2026 03/01/2026 09/01/2029 --- 0.00 0.00 10,000.00 City of Escondido 254687GC4 WALT DISNEY CO 4,000,000.00 USD Buy 03/24/2026 03/25/2026 03/14/2029 98.800 3,952,000.00 0.00 -3,969,916.67 City of Escondido 30303MAB8 META PLATFORMS INC 1,000,000.00 USD Buy 01/09/2026 01/12/2026 11/15/2030 100.500 1,005,000.00 0.00 -1,013,050.00 City of Escondido 3130BA2S5 FEDERAL HOME LOAN BANKS 4,000,000.00 USD Buy 03/24/2026 03/30/2026 03/25/2031 100.000 4,000,000.00 0.00 -4,000,000.00 City of Escondido 3133EMAC6 FEDERAL FARM CREDIT BANKS

FUNDING CORP

0.00 USD Coupon 03/21/2026 03/21/2026 09/21/2027 --- 0.00 0.00 3,750.00 City of Escondido 437076DJ8 HOME DEPOT INC 2,000,000.00 USD Buy 01/12/2026 01/13/2026 09/15/2030 99.987 1,999,740.00 0.00 -2,025,634.44 City of Escondido 437076DJ8 HOME DEPOT INC 0.00 USD Coupon 03/15/2026 03/15/2026 09/15/2030 --- 0.00 0.00 39,500.00 City of Escondido 438516CE4 HONEYWELL INTERNATIONAL INC 0.00 USD Coupon 03/01/2026 03/01/2026 03/01/2027 --- 0.00 0.00 3,850.00 City of Escondido 459200KM2 INTERNATIONAL BUSINESS

MACHINES CORP

0.00 USD Coupon 02/09/2026 02/09/2026 02/09/2027 --- 0.00 0.00 11,000.00 City of Escondido 46647PDA1 JPMORGAN CHASE & CO 3,000,000.00 USD Buy 02/20/2026 02/23/2026 04/26/2028 100.600 3,018,000.00 0.00 -3,060,149.25 City of Escondido 478160DJ0 JOHNSON & JOHNSON 0.00 USD Coupon 03/01/2026 03/01/2026 03/01/2030 --- 0.00 0.00 47,000.00 City of Escondido 544647FC9 LOS ANGELES CALIF UNI SCH
DIST

0.00 USD Coupon 01/01/2026 01/01/2026 07/01/2026 --- 0.00 0.00 2,255.25 City of Escondido 57636QAM6 MASTERCARD INC 4,000,000.00 USD Buy 02/20/2026 02/23/2026 06/01/2029 97.700 3,908,000.00 0.00 -3,934,877.78 City of Escondido 58933YBQ7 MERCK & CO INC 1,000,000.00 USD Buy 01/09/2026 01/12/2026 09/15/2030 100.600 1,006,000.00 0.00 -1,020,179.17 City of Escondido 58933YBQ7 MERCK & CO INC 0.00 USD Coupon 03/15/2026 03/15/2026 09/15/2030 --- 0.00 0.00 21,441.67 City of Escondido 87612EBM7 TARGET CORP 0.00 USD Coupon 01/15/2026 01/15/2026 01/15/2027 --- 0.00 0.00 8,092.50 City of Escondido 912797SA6 UNITED STATES TREASURY 2,000,000.00 USD Buy 02/20/2026 02/23/2026 10/01/2026 97.928 1,958,560.00 0.00 -1,958,560.00 City of Escondido 9128282A7 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2026 02/15/2026 08/15/2026 --- 0.00 0.00 14,250.00 City of Escondido 9128286A3 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2026 01/31/2026 01/31/2026 --- 0.00 0.00 26,840.63 City of Escondido 9128286A3 UNITED STATES TREASURY -2,045,000.00 USD Maturity 01/31/2026 01/31/2026 01/31/2026 100.000 -2,045,000.00 0.00 2,045,000.00 City of Escondido 9128286B1 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2026 02/15/2026 02/15/2029 --- 0.00 0.00 39,375.00 City of Escondido 912828V98 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2026 02/15/2026 02/15/2027 --- 0.00 0.00 13,050.00 City of Escondido 912828Y95 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2026 01/31/2026 07/31/2026 --- 0.00 0.00 18,750.00 City of Escondido 912828Z94 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2026 02/15/2026 02/15/2030 --- 0.00 0.00 15,000.00 City of Escondido 91282CAD3 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2026 01/31/2026 07/31/2027 --- 0.00 0.00 3,750.00 City of Escondido 91282CBH3 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2026 01/31/2026 01/31/2026 --- 0.00 0.00 9,984.38 City of Escondido 91282CBH3 UNITED STATES TREASURY -5,325,000.00 USD Maturity 01/31/2026 01/31/2026 01/31/2026 100.000 -5,325,000.00 0.00 5,325,000.00 City of Escondido 91282CBJ9 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2026 01/31/2026 01/31/2028 --- 0.00 0.00 3,750.00 City of Escondido 91282CBQ3 UNITED STATES TREASURY -3,400,000.00 USD Maturity 02/28/2026 02/28/2026 02/28/2026 100.000 -3,400,000.00 0.00 3,400,000.00 City of Escondido 91282CBQ3 UNITED STATES TREASURY 0.00 USD Coupon 02/28/2026 02/28/2026 02/28/2026 --- 0.00 0.00 8,500.00 City of Escondido 91282CBT7 UNITED STATES TREASURY 0.00 USD Coupon 03/31/2026 03/31/2026 03/31/2026 --- 0.00 0.00 7,500.00 City of Escondido 91282CBT7 UNITED STATES TREASURY -2,000,000.00 USD Maturity 03/31/2026 03/31/2026 03/31/2026 100.000 -2,000,000.00 0.00 2,000,000.00 City of Escondido 91282CDG3 UNITED STATES TREASURY 2,000,000.00 USD Buy 03/06/2026 03/09/2026 10/31/2026 98.469 1,969,380.00 0.00 -1,977,397.96 City of Escondido 91282CFB2 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2026 01/31/2026 07/31/2027 --- 0.00 0.00 27,500.00 City of Escondido 91282CFB2 UNITED STATES TREASURY 3,000,000.00 USD Buy 02/20/2026 02/23/2026 07/31/2027 99.063 2,971,875.00 0.00 -2,977,116.71 City of Escondido 91282CFB2 UNITED STATES TREASURY 2,000,000.00 USD Buy 03/06/2026 03/09/2026 07/31/2027 98.916 1,978,320.00 0.00 -1,983,941.55 City of Escondido 91282CFH9 UNITED STATES TREASURY 0.00 USD Coupon 02/28/2026 02/28/2026 08/31/2027 --- 0.00 0.00 15,625.00 GAAP Transaction Detail City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 41 Attachment "4"
65 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 91282CFJ5 UNITED STATES TREASURY 0.00 USD Coupon 02/28/2026 02/28/2026 08/31/2029 --- 0.00 0.00 31,250.00 City of Escondido 91282CGJ4 UNITED STATES TREASURY 2,000,000.00 USD Buy 03/24/2026 03/25/2026 01/31/2030 98.375 1,967,500.00 0.00 -1,977,748.62 City of Escondido 91282CGP0 UNITED STATES TREASURY 0.00 USD Coupon 02/28/2026 02/28/2026 02/29/2028 --- 0.00 0.00 60,000.00 City of Escondido 91282CGT2 UNITED STATES TREASURY 0.00 USD Coupon 03/31/2026 03/31/2026 03/31/2028 --- 0.00 0.00 90,625.00 City of Escondido 91282CHQ7 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2026 01/31/2026 07/31/2028 --- 0.00 0.00 61,875.00 City of Escondido 91282CHU8 UNITED STATES TREASURY 0.00 USD Coupon 02/15/2026 02/15/2026 08/15/2026 --- 0.00 0.00 43,750.00 City of Escondido 91282CJA0 UNITED STATES TREASURY 0.00 USD Coupon 03/31/2026 03/31/2026 09/30/2028 --- 0.00 0.00 69,375.00 City of Escondido 91282CKG5 UNITED STATES TREASURY 0.00 USD Coupon 03/31/2026 03/31/2026 03/31/2029 --- 0.00 0.00 20,625.00 City of Escondido 91282CNN7 UNITED STATES TREASURY 3,000,000.00 USD Buy 01/09/2026 01/12/2026 07/31/2030 100.809 3,024,262.47 0.00 -3,076,385.43 City of Escondido 91282CNN7 UNITED STATES TREASURY 0.00 USD Coupon 01/31/2026 01/31/2026 07/31/2030 --- 0.00 0.00 58,125.00 City of Escondido 91282CNX5 UNITED STATES TREASURY 1,000,000.00 USD Buy 01/09/2026 01/12/2026 08/31/2030 99.722 997,224.88 0.00 -1,010,643.39 City of Escondido 91282CNX5 UNITED STATES TREASURY 0.00 USD Coupon 02/28/2026 02/28/2026 08/31/2030 --- 0.00 0.00 18,125.00 City of Escondido 91282CNY3 UNITED STATES TREASURY 0.00 USD Coupon 03/15/2026 03/15/2026 09/15/2028 --- 0.00 0.00 50,625.00 City of Escondido 91282CPW5 UNITED STATES TREASURY 3,000,000.00 USD Buy 03/06/2026 03/09/2026 01/31/2031 100.313 3,009,390.00 0.00 -3,020,888.62 City of Escondido 94106LBX6 WASTE MANAGEMENT INC 0.00 USD Coupon 01/03/2026 01/03/2026 07/03/2027 --- 0.00 0.00 57,791.25 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 01/12/2026 01/12/2026 03/31/2026 --- 0.00 0.00 392,852.43 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 01/12/2026 01/12/2026 03/31/2026 --- 0.00 0.00 -392,852.43 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 01/14/2026 01/14/2026 03/31/2026 --- 0.00 0.00 2,025,634.44 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 01/14/2026 01/14/2026 03/31/2026 --- 0.00 0.00 -2,025,634.44 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 02/17/2026 02/17/2026 03/31/2026 --- 0.00 0.00 10,000,000.00 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/09/2026 03/09/2026 03/31/2026 --- 0.00 0.00 -164,995.76 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/09/2026 03/09/2026 03/31/2026 --- 0.00 0.00 164,995.76 City of Escondido CCYUSD US DOLLAR 0.00 USD Cash Transfer 03/18/2026 03/18/2026 03/31/2026 --- 0.00 0.00 10,000,000.00 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
34,303,611.59 USD Buy --- --- 03/31/2026 1.000 34,303,611.59 0.00 -34,303,611.59 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102
-41,075,847.92 USD Sell --- --- 03/31/2026 1.000 -41,075,847.92 0.00 41,075,847.92 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 01/05/2026 01/05/2026 03/31/2026 --- 0.00 0.00 19,261.46 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 02/03/2026 02/03/2026 03/31/2026 --- 0.00 0.00 13,417.75 City of Escondido X9USDBRD2 BLACKROCK FED TRST DOLR SHR FD 102

0.00 USD Money Market Funds 03/03/2026 03/03/2026 03/31/2026 --- 0.00 0.00 25,761.70 City of Escondido --- --- 20,957,763.67 USD --- --- --- 04/13/2027 --- 20,756,016.02 0.00 0.00 GAAP Transaction Detail City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 42 Attachment "4"
66 Item5.

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Audit City of Escondido (299155)
01/01/2026 - 03/31/2026 Return to Table of Contents Dated: 04/30/2026 43 Attachment "4"
67 Item5.

STAFF REPORT

May 13, 2026
File Number 0490-10

SUBJECT
THE CITY OF ESCONDIDO’S INVESTMENT POLICY

DEPARTMENT
City Treasurer

RECOMMENDATION
Request the City Council adopt Resolution No. 202 6-79, approving the City of Escondido ’s May 202 6 Investment Policy.

Staff Recommendation: Approval (City Treasurer: Douglas Shultz, City Treasurer) Presenter: Douglas Shultz, City Treasurer
ESSENTIAL SERVICE – Yes, internal requirement
COUNCIL PRIORITY – Eliminate Structural Deficit

PREVIOUS ACTION
The last adoption of the Investment Policy was on May 14, 2025, with the Resolution No. 2025-49.

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

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

There are no changes from the City of Escondido’s May 202 4 Investment Policy to the May 202 6 Investment Policy. The Escondido Municipal Code vests authority for and control of investments t o the City Treasurer. Responsibility for the investment program is delegated by the City Council to the City 68 Item6.

Treasurer, during the annual Investment Policy Update. The City Council may renew the delegation of authority each year. Attached as Exhibit “A” to Resolution No. 2026-79 is the May 2026 Investment Policy for the City Council review and approval.

RESOLUTIONS
a. Resolution No. 2026-79
b. Resolution No. 2026-79 Exhibit “A”

69 Item6.

RESOLUTION NO. 2026-79

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, ADOPTING THE CITY OF
ESCONDIDO'S INVESTMENT POLICY DATED MAY 2026

WHEREAS, the City Council has previously adopted annual Investment Policies pursuant to the requirements of the California Government Code; and
WHEREAS, the City of Escondido’s May 2026 Investment Policy is in accordance with Government Code Section 53601 and meets Association of Public Treasurers of the United States & Canada (“APT US & C”) Investment Policy Certification standards; and
WHEREAS, the City Council desires at this time, and deems it to be in the best public interest, to adopt the City of Escondido's May 2026 Investment Policy, a copy of which is attached as Exhibit “A” and is incorporated by this reference.

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

1. That the above recitations are true.

2. That the City Council hereby adopts the City of Escondido's May 202 6 Investment Policy which is attached to this Resolution as Exhibit “A” and incorporated by this reference. 70 Item6.

Resosultion No. 2026-79
Exhibit “A”

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City of Escondido

INVESTMENT POLICY

May 2026

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

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1 CITY OF ESCONDIDO

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

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

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

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

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

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

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

III. Prudence

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

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

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

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

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

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

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

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

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

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

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

A. A monthly list of list of transactions.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

B. Diversification by Type of Investment:

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

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

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

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

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

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

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

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

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

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

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

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

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

10. Local Government Investment Pools (LGIP). Shares of beneficial interest issued by a joint powers authority organized pursuant to Section 6509.7 that invests in the securities and obligations authorized in Government Code. Investments will be limited to LGIPs that seek to maintain a stable net asset value. Whenever the City has any funds invested in a LGIP, the City Treasurer shall maintain on file a copy of the LGIP’s current information statement and periodically review the LG IP’s investments. There is no limitation as to the percentage of the portfolio that can be invested in this category.
81 Item6.

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10 11. FDIC insured or fully collateralized bank deposits, including, but not limited to, demand deposit accounts, savings accounts, market rate accounts, and time deposits. To be eligible to receive City deposits, the financial institution must be located in California and have received a minimum overall satisfactory rating, under the Community Redevelopment Act, for meeting the credit needs of California Communities in its most recent evaluation. The amount on deposit in any financial institution shall not exceed the shareholder’s equity. Bank deposits are required to be collateralized as specified under Government Code Section 53630 et. seq. The City Treasurer, at his/her discretion, may waive the collateralization requirements for any portion that is covered by federal deposit insurance. The City shall have a signed agreement with any depository accepting City funds per Government Code Secti on 53649. The maturity of time certificate of deposits (TCDs) may not exceed 3 years. There is no limit on the percentage of the portfolio that may be invested in bank deposits. However, a maximum of 20 percent of the portfolio may be invested in TCDs

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

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

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

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

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

Furthermore, these Money Market Funds must have met either of the following criteria: (A) Attained the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs, or (B) Retained an investment advisor with not less than five years’ experience and registered or exempt from registration with the SEC, with assets under management in excess of five hundred million dollars ($500,000,000). Whenever the City has any funds invested in a MMF, the 82 Item6.

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

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

C. Diversification by Institution.

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

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

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

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

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

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

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

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

4. Per issuer limitations apply across investment types.

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

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

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

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

XIII. Maturity Goals

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

2. The percentage of the City's portfolio that may be invested intermediate term (maturity term over one year and not greater than five years) shall be determined by the City Treasurer based on estimated cash requirements. 84 Item6.

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

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

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

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

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

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

85 Item6.

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

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

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

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

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

5. A schedule for receiving statements and portfolio listings.

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

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

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

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15 APPENDIX

CITY OF ESCONDIDO

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

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

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

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

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

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

Selection of financial institutions and broker/dealers shall be performed by authorized City staff under direction of the Executive Investment Committee. The City has an established formal procedure process in place for the selection of financial institutions and broker/dealers. Every three to five years the City will distribute a broker/dealer questionnaire to interested and known financial institutions and broker /dealers. The City Treasurer will maintain a list of qualified broker/dealers authorized to provide investment services to the City of Escondido. The list may include primary or regional dealers that are credit worthy and Rule 15C3-1. 88 Item6.

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

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

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

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

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

89 Item6.

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

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

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

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

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

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

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

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

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

91 Item6.

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

Asked — the price at which securities are offered.

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

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

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

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

Bid — price a prospective buyer is ready to pay.

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

Book Value — a term synonymous with amortized cost.

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

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

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

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

Commercial Paper – short-term IOU, or unsecured money market obligation, issued by prime rated commercial firms and financial companies, with maturities from 2 days up to 270 days. It 92 Item6.

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

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

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

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

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

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

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

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

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

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

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

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

Deposit coverage increased from $1 00,000 to $250,000 per depositor in 2008. The increased coverage limits of $250,000 per depositor, per insured institution, was extended indefinitely effective July 2010 with the passage of the Dodd-Frank Act. 93 Item6.

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

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

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

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

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

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

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

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

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

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

Local Agency Investment Fund (LAIF) — the aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment. 94 Item6.

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

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

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

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

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

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

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

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

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

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

Portfolio — collection of securities held by an investor.

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

Prudent Investor Rule — an investment standard. In California, persons authorized to make investment decisions on behalf of a local agency are considered trustees and therefore fiduciaries subject to the Prudent Investor Rule. A trustee may invest in a security if it is one which would 95 Item6.

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

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

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

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

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

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

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

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

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

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

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

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

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

96 Item6.

Resosultion No. 2026-79
Exhibit “A”

Page 25 of 27 ends

25 Yield -The annual rate of return on an investment generally expressed as a percentage of the securities current price.
97 Item6.

STAFF REPORT

May 13, 2026
File Number 0910-20

SUBJECT

REQUEST APPROVAL FOR CHANGE ORDER TO THE PUBLIC IMPROVEMENT AGREEMENT WITH PALM ENGINEERING CONSTRUCTION COMPANY, INC. FOR THE MOUNTAIN VIEW PARK PICKLEBALL COURTS

PROJECT

DEPARTMENT
Development Services, Engineering Services

RECOMMENDATION
Request the City Council adopt Resolution No. 202 6-73, to execute a change order to the public improvement agreement with Palm Engineering Construction Company, Inc. for the installation of a shade structure, picnic tables and construction of a concrete pad in the amount of $98,620.84.

Staff Recommendation: Approval (Development Services: Kevin Snyder, Development Services Director) Presenter: Michael Tully, Project Manager
ESSENTIAL SERVICE – Yes, Parks Facilities/Open Spaces
COUNCIL PRIORITY – Increase Retention and Attraction of People and Businesses to Escondido

FISCAL ANALYSIS
The cost associated with the change order to this public improvement agreement will be paid from the Capital Improvement Program out of Park Development fees project accounts and will have no impact on the General Fund. The change order to the public improvement agreement with Palm Engineering Construction Company, Inc. will be for the shade structure, picnic tables and construction of a concrete pad. There is available funding in the account to increase the purchase order amount by $98,620.84. The total purchase order will be increased to $1,082,526.84.

PREVIOUS ACTION
Located near the eastern edge of the City of Escondido (“City”) within a residential neighborhood, Mountain View Park (“MVP”) was originally an avocado and orange grove before the City purchased the land in 1985 and converted it t o a recreational park for City residents to enjoy. The Mountain View Park Site Master Plan Report, dated December 8, 1988, was adopted by the City and described the development of the park as a phased approach as monies are available. In the master plan, s ports fields 98 Item7.

and courts were identified to be developed within the park footprint. To date, only a portion of the identified courts have been constructed leaving room for additional fields/courts.

On April 17, 2024 City Council adopted Resolution No. 2024-23 awarding a consultant agreement to David Volz Design Landscape Architects, Inc. (“DVD”) to provide engineering design services for the Mountain View Park Pickleball Courts Project (“Project”).

On October, 15, 2025 City Council adopted Resolution No. 2025 -15 awarding a construction contract to Palm Engineering Construction Company, Inc. and authorizing the Mayor, on the behalf of the City, to execute a Public Improvement Agreement for construction of Pickleball Courts at Mountain View Park.

BACKGROUND
MVP is approximately 11 acres in size and contains lighted little league fields, a soccer field, tennis courts, picnic tables, a tot lot/playground, restrooms, and an open turf area. The pickleball community within the City is a rapidly growing community with residents expressing the desire to have pickleball courts installed within parks around the City.

As a result of ongoing outreach with the pickleball and tennis communities, an agreement was developed between the tennis community and the pickleball community to turn the tennis courts at MVP into mixed use tennis/pickleball courts. Since that agreement was reached, the City has received feedback from both tennis and pickleball communities emphasizing the need for separate pickleball courts in order to accommodate both communities . This Project will provide eight pickleball courts within MVP and will provide additional landscape improvements along the frontage street of the park to help beautify the area.

At the 90% design phase of the Project, the cost estimate was expected to be very tight for the complete design package. A decision was made by city staff to cut the picnic rest area out of the Project. In addition, it was discovered during this time that the large oak tree City staff was hoping to preserve for shade was not going to be possible to preserve.

On September 17, 2025, eleven sealed bids were received in response to the request for bid for the Project. Palm Engineering Construction Company Inc. was awarded the construction contract after review by the City. The lowest responsible bid came in well below the anticipated cost provided by the design engineer. At this time the Engineering Services team has approached the Contractor to add these items back into the Project that were initially left out of the bid. These items will enhance the overall experience at Mountain View Park for our pickleball community.

Staff recommends approval of Reso lution No. 202 6-73 authorizing change order to the public improvement agreement that will fund the shade structure, picnic tables and construction of a concrete pad to complete the Mountain View Park Pickleball Courts Project. 99 Item7.

RESOLUTIONS
a. Resolution No. 2026-73
b. Resolution No. 2026-73 – Exhibit “A” – Change Order

100
Item7.

RESOLUTION NO. 2026-73

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

ESCONDIDO, CALIFORNIA, APPROVING A CHANGE

ORDER TO THE PUBLIC IMPROVEMENT AGREEMENT

WITH PALM ENGINEERING CONSTRUCTION COMPANY,
INC. FOR THE CONSTRUCTION OF MOUNTAIN VIEW

PARK PICKLEBALL COURTS PROJECT

WHEREAS, the City Council has allocated funding in the adopted Capital Improvement Program (“CIP”) budget for the Mountain View Park Pickleball Courts Project; and WHEREAS, on Oct ober 15, 2025, the City Council adopted Resolutio n No. 2025 -125 authorizing execution of a Public Improvement Agreement with Palm Engineering Construction Company, Inc. in the amount of $983,906.00 for the construction of the Mountain View Park Pickleball Courts (“Project”); and WHEREAS, a shade structure, picnic tables and construction of a concrete pad are necessary to complete the Mountain View Park Pickleball Courts Project; and WHEREAS, the City Council recognizes that approval of an additional change order for the Project is required to continue and complete construction of the Project; and WHEREAS, this City Council desires at this time and deems it to be in the best public interest to authorize a change order with Palm Engineering Construction Company, Inc. for the installation of a shade structure, picnic tables and construction of a concrete pad in an amount not to exceed $98,620.84.

WHEREAS, the additional funding for this request will be allocated out of Park Development fees. 101
Item7.

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 approves construction change order to the public improvement agreement with Palm Engineering Construction Company, Inc. for the construction of the Mountain View Park Pickleball Courts Project totaling $1,082,526.84 attached hereto as Exhibit “A”.

3. That staff retains the authority to approve change orders up to ten -percent of the total contract amount in accordance with the Municipal Code.
102
Item7.

B
rent Daniel
Field Engineering Inspector
Field Engineering | City of Escondido
201 N Broadway,
Escondido, CA 92025.

Project: Mountain View Park Pickleball Court Project
Subject: Request for Change Order 01- Shade Structure, Picnic Table, Concrete work Dear Daniel,
Pa
lm Engineering Construction Company, Inc. requests a change order in the amount of $98,620.84 for additional work associated with the installation of a shade structure, picnic tables, and the construction of a concrete pad. This work was not included in the original contract scope.

This change order excludes costs associated with export and survey. Palm Engineering Construction Company, Inc. reserves the right to request additional compensation for these days at a later date if required.

Additionally, we are requesting ten (10) working days to complete this work.

This work has been requested by the City of Escondido, and this COR is submitted for review and approval
Thank you for your consideration.

Si
ncerely,
Palm Engineering Construction Company, Inc.

Omar Batta
Project Manager
Resolution No. 2026-73
Exhibit "A"

Page 1 of 5 ends

103
Item7.

Ticket # Date Labor Markup @
20%
Materials/
Equipment
Markup @
15% Sub Cost Sub Markup @
10% Amount
1,404.52 $ 280.90$ 14,732.17$ 2,209.83$ - $ -$ 18,627.42$ - $ - $ 14,000.00$ - $ - $ -$ 14,000.00$ 832.77$ 166.55$ - $ - $ 59,085.55$ 5,908.56$ 65,993.43$ 2,237.29$ 447.46$ 28,732.17$ 2,209.83$ 59,085.55$ 5,908.56$ 98,620.84$ Mahmoud Aljabiri Omar Batta
Title: Project Engineer Title: Project Manager
Project Name:

Job No.

Justification:

Prepared by: Reviewed by:

MOUNTAIN VIEW PARK PICKLEBALL COURTS
2518
Summary of Change Order
Description
Total
Picnic Tables (quote shows 5)
Concrete Pad
Shade Structure
Palm Engineering Construction Company Inc.
7330 Opportunity Road, Suite A San Diego CA 92111 License #853930 CIP#
Date of Report:

Resolution No. 2026-73
Exhibit "A"

Page 2 of 5 ends

104
Item7.

Overtime
Rate Fringes Loaded
Overtime Rate
Loaded Overtime
Rate

54.56 $ 29.38$ $ 100.73 $ 101.74

55.19 $ 23.99$ $ 95.02 $ 95.97

55.88 $ 23.99$ $ 95.84 $ 96.80

56.49 $ 23.99$ $ 96.58 $ 97.54

57.75 $ 23.99$ $ 98.09 $ 99.07

SUBTOTAL SUBCONTRACTOR
+ 15% Markup on Equipment, Material, & Other ItemsSubtotal Subcontractor:
+ 10% Markup on Subcontractor

SUBTOTAL
+ 0 % Bond & Liability Insurance

TOTAL PROPOSAL
+ 20% Markup on Labor Cost
Laborer (L1) Picnic Tables
Item No. B. Materials/Equipment
Item No. C. Subcontractor Qty Unit Rate Amount
Subtotal Labor (A):

Subtotal Material, Equipment & Other Items (B):

Laborer (L4)
Operator (8)
Foreman
Underground Electric Tech Grade 1 $ 33.42 $ 50.75 Underground Electric Tech Grade 2 $ 27.85 $ 43.87 Amount
Underground Electric Tech Grade 3 $ 25.10 $ 40.46 Item No. A. Laboror / Description Qty Unit *Hourly Rate Amount Qty Unit Rate Landscape/Irrigation Tender $ 20.56 $ 24.67 Truck Driver $ 25.00 $ 30.00 Bricklayer $ 40.94 $ 71.70 Brick Tender $ 33.00 $ 65.63 Landscape Irrigation Laborer $ 35.84 $ 71.77 Carpenter Engineering Construction $ 44.24 $ 81.73 Teamster Group 2 $ 26.49 $ 73.42 Teamster Group 3 $ 26.69 $ 73.66 Ironworker $ 41.00 $ 89.83 Teamster Group 1 $ 18.90 $ 64.31 Description of Work:

Operating Engineer Group 6 $ 52.43 $ 98.96 Operating Engineer Group 8 $ 52.54 $ 99.10 Operating Engineer Group 3 $ 50.72 $ 96.91 Job No. 2518 Operating Engineer Group 4 $ 52.21 $ 98.70 Location:

CIP#
Operating Engineer Group 1 $ 49.65 $ 95.63 Date of Report:

Operating Engineer Group 2 $ 50.43 $ 96.56 Laborer Group Apprentice 32.28 $ $ 59.12 Project Name: MOUNTAIN VIEW PARK PICKLEBALL COURTS
Laborer Group 3 Engineering 37.66 $ $ 73.98 Ticket Number: N/A Laborer Group 4 Engineering 38.50 $ $ 74.99 Laborer Group 1 Engineering 36.79 $ $ 72.94 Laborer Group 2 Engineering 37.25 $ $ 73.49 Palm Engineering Construction Company Inc. Prevailing Wage Classifications Regular Rate
Loaded Regular Rate
7330 Opportunity Road, Suite A San Diego CA 92111 License #853930 Cement Mason Engineering 36.37 $ $ 78.90 Resolution No. 2026-73
Exhibit "A"

Page 3 of 5 ends

105
Item7.

Overtime
Rate Fringes Loaded
Overtime Rate
Loaded Overtime
Rate

54.56 $ 29.38$ $ 100.73 $ 101.74

55.19 $ 23.99$ $ 95.02 $ 95.97

55.88 $ 23.99$ $ 95.84 $ 96.80

56.49 $ 23.99$ $ 96.58 $ 97.54

57.75 $ 23.99$ $ 98.09 $ 99.07

48.42 $ 16.99$ $ 78.49 $ 79.28 $ 74.48 30.04$ $ 125.42 $ 126.68 $ 75.65 30.04$ $ 126.83 $ 128.10 $ 76.08 30.04$ $ 127.34 $ 128.62 $ 78.32 30.04$ $ 130.03 $ 131.33 $ 78.65 30.04$ $ 130.43 $ 131.73 $ 78.81 30.04$ $ 130.62 $ 131.93 $ 61.50 33.86$ $ 114.43 $ 115.58 $ 28.35 34.69$ $ 75.65 $ 76.40 $ 39.74 34.69$ $ 89.32 $ 90.21 $ 40.04 34.69$ $ 89.68 $ 90.57 $ 53.76 23.97$ $ 93.28 $ 94.21 $ 66.36 23.87$ $ 108.28 $ 109.36 $ 61.41 18.81$ $ 96.26 $ 97.23 $ 49.50 21.69$ $ 85.43 $ 86.28 $ 35.87 -$ $ 43.04 $ 43.47 $ 39.97 -$ $ 47.96 $ 48.44 $ 50.13 8.87$ $ 70.80 $ 71.51 $ 41.78 8.71$ $ 60.59 $ 61.19 $ 37.65 8.62$ $ 55.52 $ 56.08 -$ 1 1,000.00 sf 14.00$ 14,000.00$ -$
14,000.00$
SUBTOTAL LABOR (A) A -$
1 - SUBTOTAL MATERIAL, EQUIPMENT & OTHER ITEMS (B) B 14,000.00$ C -$
Subtotal: - (A) -$
-$ (B) 2,100.00$
(C) -$
16,100.00$
(D) -$
16,100.00$
Laborer Group 1 Engineering 36.79 $ $ 72.94 Laborer Group 2 Engineering 37.25 $ $ 73.49 Palm Engineering Construction Company Inc. Prevailing Wage Classifications Regular Rate
Loaded Regular Rate
7330 Opportunity Road, Suite A San Diego CA 92111 License #853930 Cement Mason Engineering 36.37 $ $ 78.90 Laborer Group 3 Engineering 37.66 $ $ 73.98 Ticket Number: N/A Laborer Group 4 Engineering 38.50 $ $ 74.99 CIP# Laborer Group Apprentice 32.28 $ $ 59.12 Date of Report: Operating Engineer Group 1 $ 49.65 $ 95.63 Project Name: MOUNTAIN VIEW PARK PICKLEBALL COURTS Operating Engineer Group 2 $ 50.43 $ 96.56 Job No. 2518 Operating Engineer Group 3 $ 50.72 $ 96.91 Location: Operating Engineer Group 8 $ 52.54 $ 99.10 Ironworker $ 41.00 $ 89.83 Description of Work: Operating Engineer Group 4 $ 52.21 $ 98.70 Operating Engineer Group 6 $ 52.43 $ 98.96 Teamster Group 1 $ 18.90 $ 64.31 Teamster Group 2 $ 26.49 $ 73.42 Teamster Group 3 $ 26.69 $ 73.66 Landscape Irrigation Laborer $ 35.84 $ 71.77 Carpenter Engineering Construction $ 44.24 $ 81.73 Bricklayer $ 40.94 $ 71.70 Brick Tender $ 33.00 $ 65.63 Landscape/Irrigation Tender $ 20.56 $ 24.67 Underground Electric Tech Grade 2 $ 27.85 $ 43.87 Underground Electric Tech Grade 3 $ 25.10 $ 40.46 Truck Driver $ 25.00 $ 30.00 Underground Electric Tech Grade 1 $ 33.42 $ 50.75 Unit Rate AmountItem No. A. Laboror / Description Qty Unit *Hourly Rate Amount Concrete pad
Item No. B. Materials/Equipment Qty
Item No. C. Subcontractor Qty Unit Rate Amount
Subtotal Labor (A):

SUBTOTAL SUBCONTRACTOR
+ 20% Markup on Labor Cost
Subtotal Material, Equipment & Other Items (B):

TOTAL PROPOSAL
Subtotal Subcontractor: + 15% Markup on Equipment, Material, & Other Items + 10% Markup on Subcontractor

SUBTOTAL
+ 0 % Bond & Liability Insurance
Resolution No. 2026-73
Exhibit "A"

Page 4 of 5 ends

106
Item7.

Overtime
Rate Fringes Loaded
Overtime Rate
Loaded Overtime
Rate

54.56 $ 29.38$ $ 100.73 $ 101.74

55.19 $ 23.99$ $ 95.02 $ 95.97

55.88 $ 23.99$ $ 95.84 $ 96.80

56.49 $ 23.99$ $ 96.58 $ 97.54

57.75 $ 23.99$ $ 98.09 $ 99.07

8.00 HR. 104.10$ 832.77$
832.77$
-$
SUBTOTAL LABOR (A) A 832.77$
1 1.00 EA 59,085.55$ 59,085.55 SUBTOTAL MATERIAL, EQUIPMENT & OTHER ITEMS (B) B -$ C 59,085.55$
Subtotal: 59,085.55 (A) 166.55$
59,085.55$ (B) -$
(C) 5,908.56$
65,993.43$
(D) -$
65,993.43$ TOTAL PROPOSAL
Subtotal Subcontractor: + 15% Markup on Equipment, Material, & Other Items + 10% Markup on Subcontractor

SUBTOTAL
+ 0 % Bond & Liability Insurance
USA Shade

SUBTOTAL SUBCONTRACTOR
+ 20% Markup on Labor Cost
Subtotal Material, Equipment & Other Items (B):

Item No. C. Subcontractor Qty Unit Rate Amount
Subtotal Labor (A):

Foreman
Item No. B. Materials/Equipment Qty Unit Rate AmountItem No. A. Laboror / Description Qty Unit *Hourly Rate Amount Underground Electric Tech Grade 2 $ 27.85 $ 43.87 Underground Electric Tech Grade 3 $ 25.10 $ 40.46 Truck Driver $ 25.00 $ 30.00 Underground Electric Tech Grade 1 $ 33.42 $ 50.75 Brick Tender $ 33.00 $ 65.63 Landscape/Irrigation Tender $ 20.56 $ 24.67 Carpenter Engineering Construction $ 44.24 $ 81.73 Bricklayer $ 40.94 $ 71.70 Teamster Group 3 $ 26.69 $ 73.66 Landscape Irrigation Laborer $ 35.84 $ 71.77 Teamster Group 1 $ 18.90 $ 64.31 Teamster Group 2 $ 26.49 $ 73.42 Location: Operating Engineer Group 8 $ 52.54 $ 99.10 Ironworker $ 41.00 $ 89.83 Description of Work: Operating Engineer Group 4 $ 52.21 $ 98.70 Operating Engineer Group 6 $ 52.43 $ 98.96 Project Name: MOUNTAIN VIEW PARK PICKLEBALL COURTS Operating Engineer Group 2 $ 50.43 $ 96.56 Job No. 2518 Operating Engineer Group 3 $ 50.72 $ 96.91 CIP# Laborer Group Apprentice 32.28 $ $ 59.12 Date of Report: Operating Engineer Group 1 $ 49.65 $ 95.63 Laborer Group 3 Engineering 37.66 $ $ 73.98 Ticket Number: N/A Laborer Group 4 Engineering 38.50 $ $ 74.99 Laborer Group 1 Engineering 36.79 $ $ 72.94 Laborer Group 2 Engineering 37.25 $ $ 73.49 Palm Engineering Construction Company Inc. Prevailing Wage Classifications Regular Rate
Loaded Regular Rate
7330 Opportunity Road, Suite A San Diego CA 92111 License #853930 Cement Mason Engineering 36.37 $ $ 78.90 Resolution No. 2026-73
Exhibit "A"

Page 5 of 5 ends

107
Item7.

STAFF REPORT

May 13, 2026
File Number 0600-10; A-3471-B-1

SUBJECT
FIRST AMENDMENT TO NV5, INC. IN THE AMOUNT OF $200,000 FOR ON-CALL BUILDING PLAN REVIEW

AND INSPECTION SERVICES

DEPARTMENT
Development Services

RECOMMENDATION
Request the City Council adopt Resolution No. 2026 -62 authorizing the Mayor to execute the First Amendment to the Consulting Services Agreement with NV5, Inc. in the amount of $200,000 for on-call building plan review and inspection services.

Staff Recommendation: Approval (Development Services: Kevin Snyder, Development Services Director)
Presenter: Douglas Moody, Building Official
ESSENTIAL SERVICE – Yes, internal requirement in support of Land Use /Development COUNCIL PRIORITY – Drive Community and Land Development; Increase Retention and Attraction of People and Business to Escondido; Encourage Housing Development

FISCAL ANALYSIS
The Consulting Services Agreement with NV 5, Inc. (“NV5”) established the contract price to be seventy percent (70%) of the plan review fee collected by the City from the applicant. The annual budget established to pay for services is adopted at $292,000 annually and when a large project is submitted, the budget is quickly utilized for a single project. Therefore, additional funds are needed in the budget to enable payment of annual invoices.

The NV5 payments are covered completely by the fee revenue and there is no negative impact to the General Fund. In Fiscal Year 2025-26, building plan review exceeded budget by approximately $292,000.

Therefore, sufficient funds are available in the General Fund to increase the budget.

108
Item8.

PREVIOUS ACTION
On October 4, 2023, City Council adopted Resolution No. 2023-109, authorizing the Mayor to execute a Consulting Services Agreement (“Agreement”) with NV5 for on-call building plan review and inspection services for a three-year term with the option to extend for one additional year.

BACKGROUND
Historically, Building Services has contracted services for the plan review of building projects requiring a building permit. As such, the City has publicly procured various consulting firms for the services and NV5 was selected as one of two providers in Fiscal Year 2023-24. NV5 is in the third year of providing services.

The agreed contractual terms for payment of services provided by NV5 is seventy percent (70%) of the fees collected from the projects that are forwarded to NV5 for review. This method of payment makes it difficult to forecast the actual contractual obligation prior to applications being processed. With fee increases that took place in September 2024 and larger projects coming in for review, such as the Round 1 project, the amount owed to NV5 has increased, respectively.

RESOLUTIONS
a. Resolution No. 2026-62
b. Resolution No. 2026-62—Exhibit “A”—First Amendment to Consulting Agreement with NV5, Inc.

ATTACHMENTS
a. Attachment “1”—Budget Adjustment
109
Item8.

RESOLUTION NO. 2026-62

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF ESCONDIDO, CALIFORNIA, AUTHORIZING THE

MAYOR TO EXECUTE, ON BEHALF OF THE CITY,

THE FIRST AMENDMENT TO THE CONSULTING
SERVICES AGREEMENT WITH NV5, INC . IN THE
AMOUNT IO $200,000

WHEREAS, the City of Escondido (“City”) has an existing Consulting Services Agreement (“Agreement”) with NV5, Inc to provide building plan review and building permit inspection; and WHEREAS, the City increased fee amounts in September 2024 and has seen an increase in development project sizes and quantity in the last year; and WHEREAS, the Director of Development Services has recommended the execution of a First Amendment to the Agreement to increase the total price of the Agreement by $200,000 to continue compensation at seventy percent of the plan review fee; and WHEREAS, this City Council desires at this time and deem s it in the best interest to approve said First Amendment to the Agreement in the amount of $200,000, such that the total contract price amounts to $1,606,930.

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 the behalf of the City, the First Amendment of the Consulting Services Agreement with NV5, Inc for building permit plan review and building permit inspection, which is attached hereto as Exhibit “A” and is incorporated by this reference.
110
Item8.

Resolution No. 2026-62
Exhibit “A”

Page 1 of 3 ends

First Amendment - 1 - CAO: 04/23/2024
To Consulting Agreement

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: Douglas Moody, Building Official
760-839-6369
("CITY")

And: NV5, Inc.
a California corporation
15092 Avenue of Science, Suite 200
San Diego, CA 92128
Attn: Jeffery M. Cooper, PE
858-385-0500
("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 October 4, 2023 (“Agreement”), wherein CITY retained CONSULTANT to provide services for on call building permit plan review and field inspection services, as more specifically described in the Agreement; and WHEREAS, the Parties desire to amend the Agreement 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. The CITY will compensate CON SULTANT in an additional amount not to exceed the sum of $200,000, pursuant to the conditions contained in “Attachment A” to this First Amendment.

3. 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 Amendment, this First Amendment shall prevail.
111
Item8.

Resolution No. 2026-62
Exhibit “A”

Page 2 of 3 ends

First Amendment - 2 - CAO: 04/23/2024
To Consulting Agreement

4. This First Amendment and the Agreement, together with any attachments or ot her 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.

5. This First 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 First Amendment by electronic means, including an attachment to an email, shall be effective as delivery of an executed original.

6. 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.

IN WI TNESS 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

NV5, Inc.

Date: __________________ ___________________________________ Jeffery M. Cooper, Vice President

Date: _____________ _____________________________________ Tamara O’Neal, Secretary

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

BY: __________________________

DATE: _________________

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

112
Item8.

Resolution No. 2026-62
Exhibit “A”

Page 3 of 3 ends

First Amendment - 3 - CAO: 04/23/2024
To Consulting Agreement

ATTACHMENT “A”
Scope of Work

A. General

NV5, Inc., a California corporation (“Consultant”) will continue to provide the City of Escondido, a California municipal corporation (“City”) with on-call building permit plan review and field inspection services.

B. Location

Consultant shall continue to provide services at various locations within the City of Escondido and at Consultant’s office located at 15092 Avenue of Science, San Diego, CA 92128. Consultant shall accommodate both hardcopy and electronic plan review services as preferred by the City. Any electronic data entry and application reviews shall be compatible with the City’s tracking and databases.

C. Services

Consultant shall continue to provide services as described in the Agreement.

D. Scheduling

Consultant shall continue to provide services in accordance the scheduling and building permit plan review timelines described in the Agreement.

E. Contract Price and Payment Terms

The contact price of this First Amendment shall not exceed $200,000. The agreement price of this First Amendment ( $200,000) shall bring the cumulative Agreement price to $1,463,513.97. The contract price 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.

The following fees includes all re-checks, plan check conferences, review of plans initially found to be incomplete, transportation of materials, and shall remain in effect throughout the term of this Agreement:

1. Consultant’s fee per plan review shall be 70 of the plan review fe es collected by the City.

Plan review fees collected by the City shall be the established rate adopted by the City of Escondido City Council. The initial plan review fee includes two rechecks. Additional plan checks will be on a time and material basis on hourly rates.

2. Consultant’s fee per structural -only plan review shall be 40% of the fees collected by the City. Structural-only plan review fees collected by the City shall be the established rate adopted by the City of Escondido City Council.

3. Consultant’s fee per plan review for repeat buildings shall be 10% of the fees collected by the City. Plan review fees for repeat buildings collected by the City shall be the established rate adopted by the City of Escondido City Council.

4. Expedited plan check shall b e an additional 25% of the regular fees listed in 1 through 3 above.

F. Term

Pursuant to this First Amendment, the term of the Agreement shall extend through October 4, 2027. 113
Item8.

Department:

Department Contact:

City Council Meeting Date:
(attach staff report)

EXPLANATION OF REQUEST

BUDGET ADJUSTMENT

REQUEST
Building Services
Douglas Moody
05/13/2026
For Finance Use Only
BA#
Fiscal Year
TIE- �l{�EU) �� NC(2../;/4ge. le:; hBzf;iD&.(J;, -f.o
Md.a� /1- ��WA-/ ti� //\.I vo,udoJd.e) �d /JlbtA�
ff/Ec.Eczf;4Ly fl'0�/011,4,/ �l c:...E.5 -ft,/'Ol-t"f'--U,-lz- l=-Nd Cf-" � -fj"704,,/ y�L..

BUDGET ADJUSTMENT INFORMATION
Amount of Amount of
Project/ Account Description Account Number Increase Decrease Professional Services 1101.300,5102 SC 5131 $200,000

APPROVALS

DATE FINANCE DATE
Attachment "1"
114
Item8.

STAFF REPORT

May 13, 2026
File Number 0600-10; A-3471-A-2

SUBJECT
SECOND AMENDMENT TO INTERWEST CONSULTING GROUP, INC. IN THE AMOUNT OF $ 550,000 FOR

ON-CALL BUILDNG PLAN REVIEW AND INSPECTION SERVICES

DEPARTMENT
Development Services

RECOMMENDATION
Request the City Council approve Resolution No. 2026-63 authorizing the Mayor to execute the Second Amendment to the Consulting Services Agreement with Interwest Consulting Group, Inc. in the amount of $550,000 for on-call building plan review and inspection services.

Staff Recommendation: Approval (Development Services: Kevin Snyder, Director of Development Services)
Presenter: Doug Moody, Building Official
ESSENTIAL SERVICE – Yes, internal requirement in support of Land Use/Development COUNCIL PRIORITY – Improve Public Safety; Increase Retention and Attraction of People and Businesses to Escondido; Encourage Housing Development

FISCAL ANALYSIS
The Consulting Services Agreement with Interwest Consulting Group, Inc. (“Interwest”) established the contract price to be fifty percent (50%) of the plan review fee collected by the City from the applicant. The annual budget established to pay for services is adopted at $292,000 annually and when a large project is submitted, the budget is quickly utilized for a single project. Therefore, additional funds are needed in the budget to enable payment of annual invoices.

The Interwest payments are cove red completely by the fee revenue and there is no negative impact to the General Fund. In Fiscal Year 20 25-26, Building plan review exceeded budget by approximately $550,000. Therefore, sufficient funds are available in the General Fund to increase the budget.

115
Item9.

PREVIOUS ACTION
On August 13, 2025, City Council adopted Resolution No. 2025-104, authorizing the Mayor to execute the First Amendment to the Consulting Services Agreement (“Agreement”) with Interwest for $500,000 for on-call building plan review and inspection services.

BACKGROUND
Historically, Building Services has contracted services for the plan review of building projects requiring a building permit. As such, the City h as publicly procured various consulting firms for the services and Interwest was selected as one of two providers in Fiscal Year 2023 -24. Interwest is in the third year of providing services.

The agreed contractual terms for payment of services provided by Interwest is fifty percent (50%) of the fees collected from the projects that are forwarded to Interwest for review. This method of payment makes it difficult to forecast the actual contractual obligation prior to applications being processed. With fee increases that took place in September 2024 and larger projects coming in for review, such as the Valley Creek Project with a plan review fee of $40,000 and the City Vista project with a plan review fee of $106,000, the amount owed to Interwest has increased, respectively.

RESOLUTIONS
a. Resolution No. 2026-63
b. Resolution No. 2026 -63—Exhibit “A” —Second Amendment to the Consulting Services Agreement with Interwest

ATTACHMENTS
a. Attachment “1”—Budget Adjustment Request
116
Item9.

RESOLUTION NO. 2026-63

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF ESCONDIDO, CALIFORNIA, AUTHORIZING THE

MAYOR TO EXECUTE, ON BEHALF OF THE CITY, THE

SECOND AMENDMENT TO THE CONSULTING

SERVICES AGREEMENT WITH INTERWEST
CONSULTING GROUP, INC. IN THE AMOUNT OF
$550,000

WHEREAS, the City of Escondido (“City”) has an existing Consulting Services Agreement (“Agreement”) with Interwest Consulting Group, Inc. to provide building plan review services and building permit inspections; and
WHEREAS, the City increased fee amounts in September 2024 and has seen an increase in development project sizes and quantity in the last year; and WHEREAS, the Director of Development Services has recommended the execution of the Second Amendment to the Agreement to incre ase the total price of the Agreement by $ 550,000 to continue compensation at fifty percent of the plan review fee; and WHEREAS, this City Council desires at this time and deems it is in the best public interest to approve said Second Amendment to the Agreement in an amount not to exceed $1,427,500.

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, the Second Amendment to the Consulting Services Agreement with Interwest Consulting Group, Inc. for building permit plan check review services and building permit inspections, which is attached hereto as Exhibit “ A” and is incorporated by this reference.
117
Item9.

Resolution No. 2026-63
Exhibit “A”

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Second Amendment - 1 - CAO: 04/23/2024
To Consulting Agreement

CITY OF ESCONDIDO

SECOND AMENDMENT TO CONSULTING AGREEMENT
This Second Amendment to Consulting Agreement (“Second 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: Doug Moody, Building Official
760-839-6369
("CITY")

And: INTERWEST CONSULTING GROUP, INC.
a Colorado corporation
9320 Chesapeake Drive, Suite 208
San Diego, CA 92123
Attn: Eric Pendley, President
619-372-9962 or [email protected]
("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 December 12, 2003, which was subsequently amended by a First Amendment dated September 8, 2025 (collectively, the “Agreement”), wherein CITY retained CONSULTANT to provide services for on-call building permit plan review and field inspection services, as more specifically described in the Agreement; and WHEREAS, the Parties desire to amend the Agreement as described in “Attachment A” to this Second 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 CONSULTANT shall furnish all of the Services described in “Attachment A” to this Second Amendment.

2. The CITY will compensate CON SULTANT in an additional amount not to exceed the sum of $550,000, pursuant to the conditions contained in “Attachment A” to this Second Amendment.

3. All other terms of the Agreement not referenced in this Second Amendment shall remain unchanged and in full force and effect. In the event of a conflict between a provision of the Agreement and this 118
Item9.

Resolution No. 2026-63
Exhibit “A”

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Escondido City CouncilMay 13, 2026

Escondido City Council
May 13, 2026