Agenda — Fountain Valley City Council, September 25, 2025 (part 1 of 5)

AGENDA

CITY COUNCIL/ SUCCESSOR

AGENCY TO THE FOUNTAIN

VALLEY AGENCY

FOR COMMUNITY DEVELOPMENT/

FOUNTAIN VALLEY HOUSING AUTHORITY
Closed Session 4:00 p.m.

Study Session 5:15 p.m.

Regular Meeting 6:00 p.m.

Thursday, September 25, 2025
Council Chambers
10200 Slater Avenue
Fountain Valley, CA 92708
http://www.fountainvalley.org
MEETING ASSISTANCE: In compliance with the Americans with Disabilities Act, anyone needing special assistance to participate in a meeting of the government bodies listed herein should contact the City Clerk’s Office at (714) 593-4445. Notification 72 hours prior to the meeting allows the City to make reasonable arrangements to ensure accessibility to the meeting. If you require audio assistance to hear more clearly in the City Council Chamber, there are assisted listening devices available for use. Closed Captioning is also available by viewing the City Council meeting via the Zoom link on page 2 of the agenda.

AGENDA COMMUNICATIONS: All revised or additional documents and writings related to an item on this agenda provided to all or a majority of the government body members after distribution of the agenda packet, are available for public inspection (1) in the City Clerk’s Office at 10200 Slater Avenue, Fountain Valley, CA 92708 during normal business hours; and (2) in the Council Chambers at the time of the meeting. Unless directed otherwise by a government body listed herein all actions shall be based on/memorialized by the latest document submitted as a late communication.

PUBLIC COMMENTS/PUBLIC HEARINGS: Persons wishing to address th e City Council or other government body listed complete a speaker card and give it to the City Clerk prior to the public comment period. Requests to speak will not be accepted after the public comment session begins without permission of the Mayor/Chair. Speakers must limit remarks to a total of (3) three minutes and address the City Council through the Mayor. Comments to individuals or staff are not permitted. Scheduled Matters, including Public Hearings: Indicate on the card what item you want to address. Unscheduled Matters: Indicate on the card what subject matter you want to address. Comments must be related to issues that are within the jurisdiction of the governing body listed on the agenda. Pursuant to the Brown Act, the governing body may not enter into discussion regarding items not on the agenda.

CONSENT CALENDAR: All matters listed under the Consent Calendar are considered by the governing bodies listed herein to be routine and will be enacted on simultaneously with one motion without discussion unless separate action and/or discussion is requested by a governing body member, staff, or a member of the public.

PUBLIC HEARINGS: Persons wishing to speak in favor of or in opposition to a proposal are given an opportunity to do so during the public hearing. Those wishing to address a governing body during the hearing are requested to complete the speaker card and submit it to the City Clerk prior to the hearing. If a proposed action is challenged in court, there may be a limitation to raising only those issues raised during the hearing or in written correspondence received by the governing body at or before the hearing.

Note: The Fountain Valley City Council serves as the Successor Agency to the Fountain Valley Agency for Community Development (Successor Agency), the Fountain Valley Housing Authority, and the Fountain Valley Finance Authority. The Actions of the Successor Agency are separate and apart from the actions of the City Council.

ZOOM LINK INFORMATION
• Participants that choose to watch the City Council meeting through zoom are automatically placed in the waiting room and will only be allowed into the Zoom meeting if they request to make a public comment. In order to make a public comment, you will indicate through the chat feature which item you would like to speak on, and click on the “raise hand” icon to let the administrator know you wish to speak.
• All participants are muted unless you are requesting to speak, at which time you will be allowed to unmute and make you comment.
• All public comments are allowed up to 3 minutes to speak.

Topic: City Council Meeting
Time: Sep 25, 2025 06:00 PM Pacific Time (US and Canada) Join Zoom Meeting
https://fountainvalley.zoom.us/j/84856988811?pwd=nrV3EPoIv9UTpmD70zBu6lwScbayI9.1 Meeting ID: 848 5698 8811
Passcode: 799828

CLOSED SESSION
CALL TO ORDER 4:00 p.m.

PUBLIC COMMENTS (Closed Session matters only)
Persons wishing to speak on a Closed Session matter are requested to identify themselves by completing a blue speaker card indicating the item they want to address and to give the card to the City Clerk prior to the public comment period.

1. CONFERENCE WITH LEGAL COUNSEL--EXISTING LITIGATION
(Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: People v. Bernal

2. CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
(Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: City of Fountain Valley v. Omni Metal Furnishing, Inc.

3. CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9: (1 potential case)

4. CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 54956.9: (1 potential case)

STUDY SESSION
CALL TO ORDER 5:15 p.m.

PUBLIC COMMENTS (Study Session matters only)
Persons wishing to speak on a Study Session matter are requested to identify themselves by completing a blue speaker card indicating the item they want to address and to give the card to the City Clerk prior to the public comment period.

1. Employee Engagement Committee Update – Presentation by Jenni Worsham, Community Services Manager & Robin Harnish, Finance Manager

2. Policy on City Filming Procedure – Presentation by Meghan Wishner, Management Analyst

OPEN SESSION
CALL TO ORDER 6:00 p.m.

INVOCATION Pastor Alfonso Ramirez
SALUTE TO THE FLAG Mayor Ted Bui

CITY COUNCIL/SUCCESSOR AGENCY/HOUSING AUTHORITY/ ROLL CALL Council Members: Constantine, Grandis, Harper, Vice Mayor / Vice Chair Cunneen, Mayor/Chair Bui

ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS

CITY MANAGER / MAYOR UPDATE

PRESENTATIONS
• Recognition of Sonesta ES Suites Employee Mark Sandoval – Presentation by Mayor Bui

FIRST CITY COUNCIL/ SUCCESSOR AGENCY/ HOUSING AUTHORITY/ PUBLIC COMMENTS (Unscheduled Matters Only)
The Unscheduled Matters Public Comments portion will last 15 Minutes at the beginning of the meeting. Any requests to speak on unscheduled matters after the initial 15 minutes, will be heard at the end of the meeting, unless the Mayor approves an extension of this time. If an individual speaks during the First unscheduled matters time period, they do not get to speak at the end of the meeting as well. Persons wishing to speak on an unscheduled matter are requested to identify themselves by completing a blue speaker and to give the card to the City Clerk. Each person will have up to 3 minutes to speak. The City Clerk will call upon those that wish to speak.

PUBLIC COMMENTS (Scheduled Matters Only)
Persons wishing to speak on Agenda item(s) are requested to identify themselves by completing a blue speaker card indicating the item they want to address and to give the card to the City Clerk prior to the public comment period. Each person will be given up to 3 minutes to speak on the entire Consent Calendar, 3 minutes to speak on each item pulled from the consent calendar, and 3 minutes to speak on any agendized item(s) not appearing on the Consent Calendar.

CONSENT CALENDAR
Consent Calendar Items 1 – 8 will be approved simultaneously with one motion unless separate action/or discussion is requested.

1. Receive and File the Draft Minutes of the August 19, 2025 Regular City Council Meeting

Page 7 ends

2. Approve the Register of Demands for the period of 8/8/2025 to 9/3/2025 Page 18 Recommended Action: Staff recommends Alternative No. 1 to approve the attached Register of Demands representing payments made by the City of Fountain Valley between 8/8/2025 and 9/3/2025 for a total of $5,696,344.22.

3. Receive and file the quarterly Treasurer’s Report for quarter ended June 30, 2025. Page 37 Recommended Action: Receive and file the quarterly Treasurer’s Report for quarter ended June 30, 2025.

4. Annual Report of the Planning Commission and the Planning Department Activities for FY 2024-25 Page 91
Recommended Action: Approve the FY 2024-25 Annual Planning Department Report as recommended by the Planning Commission and direct staff to transmit a copy to the Office of Planning Research and the Department of Housing and Community Development.

5. Approve an agreement with Southern California Edison to enter the LS-1 Option E program and authorize the City Manager to execute the agreement, subject to non-substantive changes approved by the City Manager and Attorney for the City. Page 109 Recommended Action: Staff recommend the City Council approve an agreement with Southern California Edison to enter the LS-1 Option E program and authorize the City Manager to execute the agreement, subject to non-substantive changes approved by the City Manager and Attorney for the City.

6. Approve the revised agreement between the City of Fountain Valley and CalOptima Health for participation in the City’s voluntary participation in the Voluntary Rate Range Program (VRRP) Page 118
Recommended Action: Approve the revised agreement with CalOptima Health for participation in the Medi-Cal VRRP.

7. Approval of the agreement with the Municipal Water District of Orange County (MWDOC) for Sharing Consultant Costs for 2025 Urban Water Management Plans in the amount of $62,004 plus a contingency of 10% for a total amount not to exceed $68,204 Page 138 Recommended Action: Approve the agreement with the Municipal Water District of Orange County (MWDOC) for Sharing Consultant Costs for 2025 Urban Water Management Plans in the amount of $62,004 plus a contingency of 10% for a total amount not to exceed $68,204.

8. Purchase and implementation of Brightly Confirm Work Order and Asset Management System with ESRI GIS integration. Page 193
Recommended Action: Approve the purchase and authorize the City Manager to execute agreements with Brightly Software for the Confirm system, implementation services, and ongoing subscription.

PUBLIC HEARINGS
Each person will have up to 3 minutes to speak on each Public Hearing.

9. Public Hearing - FY 2024-25 Community Development Block Grant Consolidated Annual Performance and Evaluation Report – Presentation by Ashlyn Newman, Housing Coordinator

Page 214 ends

Recommended Action: Approve Alternative No. 1 - Conduct a public hearing to consider the City of Fountain Valley FY 2024-25 CAPER and authorize staff to submit the final CAPER to HUD for approval by the September 30, 2025, deadline.

ADMINISTRATIVE ITEMS

10. Approve Amendment No. 2 to CON 21-63 (1040) with Bear Electrical Solutions, LLC – Presentation by Ryan Damon, Engineering Associate Page 266 Recommended Action: Staff is requesting City Council approve Amendment No. 2 to CON 21-63 (1040) with Bear Electrical Solutions, LLC for Street Light Maintenance and Repair Services to extend the contract for an additional two (2) year term, beginning October 19, 2025; and increase the total contract sum by $300,000, to an amount not-to-exceed $700,000.

11. 1) Authorize staff to issue a purchase order to Olathe Ford Sales, Inc., pursuant to FVMC

2.36.070 (a) (4), for the purchase of four (4) new 2025 Ford Police Interceptor Utility Patrol Units for $234,451.70 through the existing cooperative contract with Sourcewell; and 2) Authorize staff to dispose of the existing vehicles by means that best meet the City’s needs – Presentation by Mark Sprague, Field Services Manager Page 347 Recommended Action: Staff is requesting that City Council approve Alternative No. 1 which is to 1) authorize staff to issue a purchase order to Olathe Ford Sales, Inc., pursuant to FVMC

12. Authorize staff to issue a purchase order to Plumber’s Depot, Inc., pursuant to FVMC

2.36.070 (a) (4), for the purchase of one (1) new 2025 GapVax MC1510-3S3X Combination Jet/Vac truck for $734,828.32 through the existing cooperative contract with Sourcewell; and Authorize staff to dispose of Unit #8969 by means that best meet the City’s needs. – Presentation by Pedro Vasquez, Sewer/Storm Drain Supervisor Page 352 Recommended Action: Authorize staff to issue a purchase order to Plumber’s Depot, Inc., pursuant to FVMC 2.36.070 (a) (4), for the purchase of one (1) new 2025 GapVax MC1510- 3S3X Combination Jet/Vac truck for $734,828.32 through the existing cooperative contract with Sourcewell; and authorize staff to dispose of Unit #8969 by means that best meet the City’s needs.

13. Adopt a Resolution of the City Council and of the City of Fountain Valley relating to the classification, compensation, and terms of employment of employees represented by Teamsters Local 986 - Fountain Valley General Employees’ Association, Fountain Valley Municipal Employees’ Association, and Fountain Valley Professional and Technical Unit effective July 1, 2024, through June 30, 2027. - Presentation by Tania Knauerhaze, Human Resources Director Page 402
Recommended Action: It is recommended the City Council approve the following:1. Adopt a Resolution Approving the Memorandum of Understanding between the City of Fountain Valley and Teamsters Local 986- The Fountain Valley General Employees’ Association, Fountain Valley Municipal Employees’ Association, and Fountain Valley Professional and Technical Unit effective July 1, 2024, through June 30, 2027.

14. Approval of a MOU between the Cities of Santa Ana, Garden Grove, and Fountain Valley for a grant to develop joint Business Improvement District for Little Saigon – Presentation by Victor Viramontes, Management Analyst Page 766
Recommended Action: Authorize the City Manager to execute a Memorandum of Understanding with the Cities of Garden Grove and Santa Ana. Authorize the City Manager to carry out all subsequent and needed actions to complete this project.

15. Request for a one-year extension and CPI Increase to the Hourly Rates for the Harper & Burns Legal Services Contract – Presentation by Rick Miller, City Clerk Page 769 Recommended Action: Approve Amendment Number 4 to the Harper & Burns Legal Services Agreement providing for a one-year extension and CPI increase of 3.2%.

16. Approve a transition to the proposed City-operated Ambulance Program and direct the Fire Department to coordinate a detailed transition plan, including the purchase of capital equipment and funding of additional staff, targeting implementation by November 2026. – Presentation by Tim Saiki, Acting Fire Chief Page 773
Recommended Action: Approve a transition to the proposed City-operated Ambulance Program and direct the Fire Department to coordinate a detailed transition plan, targeting implementation by November 2026.

COUNCIL MEMBER ITEMS FOR FUTURE CONSIDERATION

CITY COUNCIL/ SUCCESSOR AGENCY/ HOUSING AUTHORITY/ PUBLIC COMMENTS (Unscheduled Matters Only)
Persons wishing to speak on an unscheduled matter are requested to identify themselves by completing a blue speaker and to give the card to the City Clerk. Each person will have up to 3 minutes to speak. The City Clerk will call upon those that wish to speak.

CITY COUNCIL/SUCCESSOR AGENCY/HOUSING AUTHORITY AB 1234/GENERAL

COMMENTS

ADJOURN THE MEETING OF THE CITY COUNCIL/SUCCESSOR

AGENCY/HOUSING AUTHORITY
Tonight’s meeting is being Adjourned in the Memory of Fountain Valley Fire Chief Bill McQuaid and Bill Curley, Partner at the Attorney for the City’s’ Office of Harper and Burns.

The next Regular Meeting of the Fountain Valley City Council is October 7, 2025, at 6:00 p.m., in the Fountain Valley Council Chambers, 10200 Slater Avenue, Fountain Valley.

City of Fountain Valley
Memorandum
TO: Honorable Mayor and City Council
FROM: The Employee Engagement Committee
DATE: September 25, 2025
SUBJECT: Strategic Plan Objective: Attract & Retain Quality Staff Through Best Practices and Trends
______________________________________________________________________________ EXECUTIVE SUMMARY:

The City Council and Executive Team developed a Strategic Plan goal: Attract and Retain Quality Staff with the following objective:
• The Employee Engagement Committee will present efforts and ideas to expand the program. Include hiring trends, initiatives, telework, education, training, succession planning, and leadership.

DISCUSSION:

The Employee Engagement Committee brought a list of priority items to City Council at the January 21, 2025, Council meeting. With the support received from City Council during that meeting, the Engagement Committee has successfully achieved several objectives over the last eight months, including new and improved programming for employees. Notable Committee accomplishments from January – August 2025 include:

1. City-Wide Employee Events – 8

2. Health Challenges – 3

3. Monthly Employee Newsletters – 8

4. Employee Recognition Program – increased promotion & recipients

5. Food Drive benefiting Coastline College

6. Leadership Academy Class #2

7. Permanent implementation of the 4/10 City Hall work schedule The Employee Engagement Committee plans to present a Study Session at the September 25, 2025, City Council meeting to review January – August 2025 accomplishments and goals established for 2025-26 in more detail.

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MINUTES OF THE

CITY COUNCIL/ SUCCESSOR AGENCY TO THE FOUNTAIN

VALLEY AGENCY

FOR COMMUNITY DEVELOPMENT/ FOUNTAIN VALLEY

HOUSING AUTHORITY
Closed Session 4:00 p.m.

Study Session 5:00 p.m.

Regular Meeting 6:00 p.m.

Tuesday, August 19, 2025
Council Chambers

CLOSED SESSION
CALL TO ORDER 4:03 p.m.

PUBLIC COMMENTS (Closed Session matters only)
None

1. CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
(Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: De La Cruz v. City of Fountain Valley
No Reportable Action

2. CONFERENCE WITH LEGAL COUNSEL--EXISTING LITIGATION
(Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: People v. Bernal
No Reportable Action

3. CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
(Paragraph (1) of subdivision (d) of Section 54956.9)
Workers Compensation: William McQuaid v. City of Fountain Valley No Reportable Action

4. CONFERENCE WITH LEGAL COUNSEL--EXISTING LITIGATION
Paragraph (1) of subdivision (d) of Section 54956.9
Name of case: Hye Jin Lee v. City of Fountain Valley
No Reportable Action

Page 7 ends

5. CONFERENCE WITH LEGAL COUNSEL--EXISTING LITIGATION
Paragraph (1) of subdivision (d) of Section 54956.9
Name of case: Sean McClintock and Valerie Flores v. City of Fountain Valley No Reportable Action

STUDY SESSION
CALL TO ORDER 5:14 p.m.

PUBLIC COMMENTS (Study Session matters only)

1. County North Island Terms – Presentation by Omar Dadabhoy, Community Development Director and Rod Cox, Interim Police Chief
Omar Dadabhoy presented the County North Island Terms to the City Council. The City Council provided direction in negotiating with County in regard to any pending CIP projects, code enforcement cases and the RHNA numbers. The City Council would also like an impact study conducted as well, to confirm what is needed relating to public safety.

2. Discussion Regarding Charter City Status – Presentation by Colin Burns, Attorney for the City Colin Burns presented the Charter City item. The City Council approved having two community town hall meetings and a community survey to discuss becoming a Charter City.

OPEN SESSION
CALL TO ORDER 6:09 p.m.

INVOCATION Halil Aydid
SALUTE TO THE FLAG Council Member Patrick Harper

CITY COUNCIL/SUCCESSOR AGENCY/HOUSING AUTHORITY/ ROLL CALL Council Members Present: Constantine, Grandis, Harper, Vice Mayor/Vice Chair Cunneen, Mayor/Chair Bui

Council Members Absent: None

ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS
Item 1 – The updated minutes were provided to the City Council and the public.

CITY MANAGER / MAYOR UPDATE
City Manager Maggie Le provided her update.

PRESENTATIONS

Page 8 ends

 Proclamation Declaring September as Hunger Action Month – Presentation by Mayor Bui Mayor Bui presented the proclamation to Tony Perez from Abound Food Care.  USA 250 OC; Commemorating the 250th Anniversary of the Declaration of Independence and the birth of the United States – Presentation by Jo Ellen Chatham Jo Ellen Chatham presented the USA 250 OC regarding the country’s 250th Birthday.  Business Recognition of Fountain Valley Montessori – Presentation by Mayor Bui Mayor Bui presented the business recognition to Fountain Valley Montessori.  Recognition of AYSO Boys 19U National Champions and AYSO Boys 14U National Champions – Presentation by Mayor Bui
Mayor Bui recognized the AYSO Boys 19U National Champions and AYSO Boys 14U National Champions.

FIRST CITY COUNCIL/ SUCCESSOR AGENCY/ HOUSING AUTHORITY/ PUBLIC COMMENTS (Unscheduled Matters Only)
Andrew Di Giovanna, Tina Tapia

CONSENT CALENDAR
Consent Calendar Items 1 through 9 were approved simultaneously. Item No. 7 was pulled by Council member Grandis for discussion.

1. Receive and File the Draft Minutes of the July 15, 2025, Regular City Council Meeting ACTION: Move to Receive and File the Amended Draft Minutes of the July, 2025 Regular City Council Meeting
MOTION: Constantine SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

2. Approve the Register of Demands for the period of 7/4/2025 to 8/7/2025 ACTION: Move to Approve the Register of Demands for the period of 7/4/2025 to 8/7/2025 MOTION: Constantine SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None

Page 9 ends

ABSENT: None
ABSTAIN: None

3. Request to Destroy Police Department Records
ACTION: Move to Approve the Request to Destroy Police Department Records MOTION: Constantine SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

4. Approve a Resolution to Accept the Office of Traffic Safety Selective Traffic Enforcement Program Grant Money, Amend the FY 2025-26 Budget COPS/SLES Fund in the Amount of $80,000 and Appropriate an Expenditure to Incorporate the Changes into the FY 2025-26 Budget ACTION: Move to Approve a Resolution to Accept the Office of Traffic Safety Selective Traffic Enforcement Program Grant Money, Amend the FY 2025-26 Budget COPS/SLES Fund in the Amount of $80,000 and Appropriate an Expenditure to Incorporate the Changes into the FY 2025-26 Budget
MOTION: Constantine SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

5. City of Fountain Valley Six Month Strategic Objectives Update for March 27, 2025 through September 23, 2025.

ACTION: Move to Approve the City of Fountain Valley Six Month Strategic Objectives Update for March 27, 2025 through September 23, 2025.

MOTION: Constantine SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

6. Adopt a Resolution to Repeal the City Council Policy on Military Leave and Related Matters ACTION: Move to Adopt a Resolution to Repeal the City Council Policy on Military Leave and

Page 10 ends

Related Matters
MOTION: Constantine SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

7. Approve Amendment No. 10 to PSOMAS Contract 18-18 for an amount not-to-exceed $60,000 for continued consultant project management, inspection and project close out services related to the I-405 Improvement Project.

ACTION: Move to Approve Amendment No. 10 to PSOMAS Contract 18-18 for an amount not-toexceed $60,000 for continued consultant project management, inspection and project close out services related to the I-405 Improvement Project.

MOTION: Constantine SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

8. Approve Amendment No. 1 to CON-1364 with Sierra Analytical Labs, Inc. for Backflow Testing Services to extend the contract term by twenty-seven (27) months and accept a unit price increase with no change to the annual contract amount, which is not to exceed $25,000 ACTION: Move to Approve Amendment No. 1 to CON-1364 with Sierra Analytical Labs, Inc. for Backflow Testing Services to extend the contract term by twenty-seven (27) months and accept a unit price increase with no change to the annual contract amount, which is not to exceed $25,000
MOTION: Constantine SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

9. Approve Amendment No. 1 to CON-1365 with Sierra Analytical Labs, Inc. for Water Quality Testing Services to extend the contract term by twenty-seven (27) months, accept a unit price update, and increase the annual contract amount by $10,000 for a new total annual amount not to exceed $80,000.

ACTION: Move to Approve Amendment No. 1 to CON-1365 with Sierra Analytical Labs, Inc. for Water Quality Testing Services to extend the contract term by twenty-seven (27) months,

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accept a unit price update, and increase the annual contract amount by $10,000 for a new total annual amount not to exceed $80,000.

MOTION: Constantine SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

PUBLIC HEARINGS

10. Approval of the FY 2025/26 Comprehensive User Fee Schedule Public Hearing Opened: 6:58 p.m.

No Public Comments
Public Hearing Closed: 6:59 p.m.

ACTION: Move to Approve the FY 2025/26 Comprehensive User Fee Schedule MOTION: Grandis SECOND: Constantine
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

ADMINISTRATIVE ITEMS

11. Accept the bids and award a construction contract to Trueline Construction & Surfacing, Inc. for the Pickleball Courts Conversion and Resurfacing Project, Project No. 25018, in the amount not-to-exceed $118,835.

ACTION: Move to not approve the bid award and hold off on the permanent project MOTION: Bui
The proposed motion by Mayor Bui died for lack of a second.

ACTION: Move to Approve the bids and award a construction contract to Trueline Construction & Surfacing, Inc. for the Pickleball Courts Conversion and Resurfacing Project, Project No. 25018, in the amount not-to-exceed $118,835, and look into paying this contract with Park Funds as opposed

Page 12 ends

to the General Fund
MOTION: Grandis SECOND: Constantine
AYES: Constantine, Grandis, Harper, Cunneen
NOES: None
ABSENT: None
ABSTAIN: Bui

12. Approve the City to utilize the Orange County Master Purchase Agreement (contract MA080-25011708) and award a contract to G2 Construction, Inc., in the amount of $491,164 for the installation of Full Capture System (FCS) devices into the City’s storm drain inlets.

ACTION: Move to Approve the City to utilize the Orange County Master Purchase Agreement (contract MA-080-25011708) and award a contract to G2 Construction, Inc., in the amount of $491,164 for the installation of Full Capture System (FCS) devices into the City’s storm drain inlets MOTION: Cunneen SECOND: Grandis
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

13. Approve Amendment No. 3 to CON-19-54 (1060) with DMS Facility Services LLC for Janitorial Services at City Offices & Facilities to extend the contract term by twenty-seven (27) months and increase the annual contract amount by 3.15% in the first year and by an additional 3.00% in the second year of the extension ACTION: Move to Approve Amendment No. 3 to CON-19-54 (1060) with DMS Facility Services LLC for Janitorial Services at City Offices & Facilities to extend the contract term by twenty-seven (27) months and increase the annual contract amount by 3.15% in the first year and by an additional

3.00% in the second year of the extension
MOTION: Constantine SECOND: Cunneen
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

14. The Fire Department requests City Council approval for a contract with Inland Fleet Solutions Inc. for a thirty-four (34) month term, to provide as-needed maintenance and

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repair services for Fire Department apparatus.

ACTION: Move to Approve a contract with Inland Fleet Solutions Inc. for a thirty-four (34) month term, to provide as-needed maintenance and repair services for Fire Department apparatus.

MOTION: Constantine SECOND: Bui
AYES: Constantine, Grandis, Harper, Cunneen, Bui
NOES: None
ABSENT: None
ABSTAIN: None

15. Group Home/Sober Living Home Enforcement Update
This was a receive and file item, There was no vote taken.

COUNCIL MEMBER ITEMS FOR FUTURE CONSIDERATION
Council Member Constantine requested that the timing for business signs to come down after closing be addressed. Second by Vice Mayor Cunneen

Council Member Constantine requested that businesses that are no longer in business have the property maintained while a new tenant is being sought after. Second by Vice Mayor Cunneen

CITY COUNCIL/ SUCCESSOR AGENCY/ HOUSING AUTHORITY/ PUBLIC COMMENTS (Unscheduled Matters Only)
None
CITY COUNCIL/SUCCESSOR AGENCY/HOUSING AUTHORITY AB 1234/GENERAL COMMENTS Mayor Bui
No report received
Vice Mayor Cunneen
July 29 Attended the Procession Honoring Fire Chief Bill McQuaid July 31 Attended the unveiling of “Ed Arnold Way” street sign at the sports park entrance August 7 Attended the Annual Legislative Breakfast
August 13 Attended the Mayor’s Breakfast
August 17 Attended the 50th Anniversary of the Fall of Saigon event at Freedom Hall and then attended the farewell of Michael and Ally at Grocery Outlet

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Council Member Grandis
July 16 Attended the Fountain Valley Connect breakfast
July 17 Attended the Concerts in the Park
July 31 Attended the Concerts in the Park
August 2 Attended the Great Fountain Valley Campout
August 5 Attended the National Night Out
August 7 Attended the Kiwanis meeting and the 2nd Annual City Bowling Tournament vs. the Chamber of Commerce
August 9 Attended the Pins for Kids event
August 13 Attended the Mayors Breakfast
August 16 Attended the Cultural Heritage Festival and the Grocery Outlet event August 18 Attended the Fountain Valley night at Angel Stadium Council Member Constantine
July 17 Stopped in at the 3rd Concert in the Park this summer towards the end of the Chris Lozano’s Band performance. Nice crowd at the Fountain Valley Sports Park.

July 19 Stopped in at the Green Valley Community Shred Day event at the Family Clubhouse, then stopped in at APEX Cuts before their ribbon cutting / grand opening event. Later, I stopped in to the 24 Hour Fitness Grand Opening Event with health vendors.

July 24 Stopped in at the 4th Concert in the Park this summer. The band was “Stone Soul” at the Fountain Valley Sports Park.

July 26 Stopped in and greeted FVPD and others at the E-Bike Safety Rodeo at the Fountain Valley Recreation Center.

July 28 Met with Acting Fountain Valley Fire Chief Tim Saiki, fellow City Council Member Jim Cunneen, Public Works Director Scott Smith, and City Manager Maggie Le about our potential in-house Ambulance Program. It was something the late Bill McQuaid, our Fountain Valley Fire Chief was wanting to bring to our community until he passed away unexpectedly last week.

July 29 Watched the procession for our late Fire Chief Bill McQuaid as it exited the 405 Freeway and drove past Fountain Valley City Hall on the way to the funeral home on Beach Blvd. In Huntington Beach.

July 31 Stopped in at the 5th and final Concert in the Park before it started at the Fountain Valley Sports Park. Later that evening, I attended the Annual Electeds Dinner event at the Orange County Fair at the Orange County Fairgrounds, stopped in also to the RV Demolition Derby Event also at the Fairgrounds. Our Interim Police Chief Rod Cox participated in this charity event.

August 1 Participated, as an advisor to the Fountain Valley Advisory Committee for Persons with Disabilities, in the Luau-themed dance at Founders Village Senior and Community Center.

August 2 Volunteered for the Fountain Valley Community Foundation, a 3 1/2 hour shift of check-in for the annual Great Summer Campout at the Fountain Valley Sports Park. I stopped in again later that evening.

August 4 Stopped in at City Hall after the morning welcoming of our new Admin Intern Jaelyn LeBaron.

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August 5 Attended the Annual National Night out at the Fountain Valley Sports Park. Again, this year, FVPD K9 Pomix was the star of the event.

August 7 Attended the annual Fountain Valley Chamber of Commerce Legislative Breakfast at the Fountain Valley Senior and Community Center. The event featured CA Senator Tony Strickland, Orange County Board of Supervisor Janet Nguyen, CA Congressman Derek Tran, and Fountain Valley Mayor Ted Bui. In the evening, I attended the 2nd Annual Fountain Valley Chamber of Commerce Bowling Tournament in which 3 teams participated: the City of Fountain Valley, Fountain Valley Chamber of Commerce, and the Fountain Valley School District at Fountain Bowl. City Hall was the winning team.

August 8 Stopped by the Film Friday for senior citizens at Founders Village Senior and Community Center. The movie was “The Best Exotic Marigold Hotel” August 9 Watched the Livable California workshop on Zoom.

August 12 Watched the Orange County Board of Supervisors Meeting on the County of Orange website.

August 13 Attended the Mayor’s Breakfast hosted by Vice Mayor Cunneen in which Chief Operating Officer Emily Randle of Orange Coast Memorial Hospital was the presenter at the MemorialCare Health System Building on Brookhurst. She gave a great update on the hospital, to include the potential new parking structure with bridge on the Talbert side of the property. At noon, I participated in the CalCities “Mayors and Council Members Department Roundtable Discussion” on Zoom.

That evening, I watched the Fountain Valley Planning Commission Meeting on the City’s website.

August 14 Watched the CASLAR (California Sober Living and Recovery) Task Force Meeting on Zoom. Later, I stopped in at the Fountain Valley Night Market outside Fountain Bowl.

August 15 Stopped in at the “50 Years of the Vietnamese American Journey - Cultural Heritage Festival” at Freedom Hall, Mile Square Park hosted by Orange County Board of Supervisor Janet Nguyen. In the evening, I attended our City’s Movie in the Park “Inside Out 2” at the Fountain Valley Sports Park. Later that night, I stopped in and spent a few hours at our scheduled DUI checkpoint / Drivers license checkpoint on Warner between Brookhurst and Bushard.

August 16 Stopped in at the going away for Grocery Outlet owner Michael Hohertz, who sold his store. The new owners were introduced at this flow event. Later, I stopped in at the “50 Years of the Vietnamese American Journey - Cultural Heritage Festival” at Freedom Hall, Mile Square Park hosted by Orange County Board of Supervisor Janet Nguyen.

August 17 Stopped in at the “50 Years of the Vietnamese American Journey - Cultural Heritage Festival” at Freedom Hall, Mile Square Park hosted by Orange County Board of Supervisor Janet Nguyen.

Council Member Harper
July 16 Attended the PCTA meeting
July 17 Attended the Concert in the Park
July 23 Attended the OCTA Finance Committee meeting
July 24 Attended the Concert in the Park
July 28 Attended the OCTA Board meeting
July 29 Attended the Funeral procession for Fire Chief Bill McQuaid

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July 31 Attended the Concert in the Park
August 5 Attended National Night Out
August 7 Attended the Legislative Breakfast and then the Bowling event vs. the Chamber of Commerce
August 13 Attended the OCTA Finance Committee meeting and the Mayor’s Breakfast August 16 Attended the Cultural Heritage Festival at Freedom Hall August 18 Attended the CALCOG Board meeting – representing OCTA

ADJOURN THE MEETING OF THE CITY COUNCIL/SUCCESSOR AGENCY/HOUSING

AUTHORITY
Mayor Bui adjourned the meeting at 8:19 pm to the next Meeting of the Fountain Valley City Council on September 25, 2025 at 6:00 p.m., in the Fountain Valley Council Chambers, 10200 Slater Avenue, Fountain Valley.
________________________________________________________________________________________________________________________________ Ted Bui, Mayor

Attest:
___________________________
Rick Miller, City Clerk

Page 17 ends

CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: September 25, 2025 Members of the City Council SUBJECT: City of Fountain Valley Register of Demands for the period of 8/8/2025 to 9/3/2025 Three-Year Strategic Goals
☐ Enhance the culture and environment of “A Nice Place to Live” ☒ Achieve fiscal stability by evaluating processes, and attract and retain revenue producing businesses/opportunities
☐ Attract and retain quality staff through best practices and trends ☐ Maintain, build, and modernize infrastructure to support growth and future needs of the City ☐ Not applicable

EXECUTIVE SUMMARY
Attached is the Register of Demands for the City of Fountain Valley to be ratified by the City Council.

DISCUSSION
Pursuant to the State of California’s Government Code 37201 through 37210, the Director of Finance or their designated representative hereby certifies to the accuracy of the following demands and to the availability of funds for payment thereof. Demands paid by the city shall be inspected and ratified by the legislative body on the next available Council agenda. The Finance Department has prepared the attached Register of Demands summarizing the City's payments released since the previous City Council meeting.

FINANCIAL ANALYSIS
The attached Register of Demands represents payments made by the City of Fountain Valley between 8/8/2025 and 9/3/2025 for a total of $5,696,344.22.

ATTORNEY REVIEW
The Attorney for the City reviewed this staff report and concurs with the recommended action.

PUBLIC NOTIFICATION
Not applicable.

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Page 2 ends

ALTERNATIVES
Alternative No. 1: Approve the attached Register of Demands.

Alternative No. 2: Do not approve as presented and provide direction to staff.

RECOMMENDATION
Staff recommends Alternative No. 1 to approve the attached Register of Demands representing payments made by the City of Fountain Valley between 8/8/2025 and 9/3/2025 for a total of $5,696,344.22.

Prepared by: Ryan Smith, Finance Director
Reviewed by: Colin Burns, City Attorney
Approved by: Maggie Le, City Manager
Attachment 1: Register of Demands 8/8/2025 to 9/3/2025.

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City Of Fountain Valley
Register of Demands
8/8/2025 - 9/3/2025
Department
Check
Date Vendor Description Doc #
Check/ACH
# Amount
10000000 NON-DEPARTMENTAL
08/10/25 CALPERS AUG 2025 - CALPERS MEDICAL 39971 4314 317,949.58 08/21/25 AFLAC AUG'25 AFLAC ACCT HH049 41182 2316259 4,071.58 08/20/25 FOUNTAIN VALLEY POLI PR PPE250815 - DED 8002 41238 4503 2,450.00 08/20/25 FOUNTAIN VALLEY CRED PR PPE250815 - DED 9500 41239 4501 31,539.10 08/20/25 FOUNTAIN VALLEY FIRE PR PPE250815 - DED 8000 41240 4502 2,803.12 08/21/25 EMPOWER/BENEFITS COR PR PPE250815 - DED 7031, 7032, 7033, 7036 41241 4497 86,052.94 08/21/25 CALIFORNIA STATE DIS PR PPE250815 - DED 6004, 6005, 6007 41242 4499 1,104.35 08/20/25 MISSION SQUARE RET P PLAN #803216 - PR PPE250815 - DED 2013, 2015 41243 4508 2,881.17 08/20/25 MISSION SQUARE RET P PLAN #800389 - PR PPE250815 - DED 2011 41244 4509 1,046.15 08/20/25 MISSION SQUARE RET P PLAN #800414 - PR PPE250815 - DED 2014 41245 4510 226.75 08/20/25 MISSION SQUARE RET P PLAN #108536 - PR PPE250815 - DED 2018 41246 4511 576.90 08/20/25 U.S. BANK N.A. PR PPE250815 - DED 7029, 7030 41247 4512 4,065.07 08/20/25 FVPOA PAC PR PPE250815 - DED 8005 41248 4504 540.00 08/21/25 INTERNAL REVENUE SER PR PPE250815 - DED 1100, 3000 41249 4498 183,502.62 08/21/25 EMPLOYMENT DEVELOPME PR PPE250815 - DED 4000 41250 4500 60,376.26 08/20/25 INTERNATIONAL BRO PR PPE250815 - DED 8003 41251 4505 475.00 08/20/25 INTERNATIONAL BRO PR PPE250815 - DED 8004 41252 4506 650.00 08/20/25 INTERNATIONAL BRO PR PPE250815 - DED 8001 41253 4507 900.00 08/28/25 STANDARD INSURANCE C AUGUST 2025 - VISION COBRA 41392 2316388 31.00 09/03/25 FOUNTAIN VALLEY POLI PR PPE250829 - DED 8002 41605 4577 2,450.00 09/03/25 FOUNTAIN VALLEY CRED PR PPE250829 - DED 9500 41606 4575 31,339.10 09/03/25 FOUNTAIN VALLEY FIRE PR PPE250829 - DED 8000 41607 4576 2,803.12 09/03/25 MISSION SQUARE RET P PLAN #803216 - PR PPE250829 - DED 2013, 2015 41610 4582 2,971.94 09/03/25 MISSION SQUARE RET P PLAN #800389 - PR PPE250829 - DED 2011 41611 4583 1,046.15 09/03/25 MISSION SQUARE RET P PLAN #800414 - PR PPE250829 - DED 2014 41612 4584 226.75 09/03/25 MISSION SQUARE RET P PLAN #108536 - PR PPE250829 - DED 2018 41613 4585 576.90 09/03/25 U.S. BANK N.A. PR PPE250829 - DED 7029, 7030 41614 4586 3,906.11 09/03/25 FVPOA PAC PR PPE250829 - DED 8005 41615 4578 540.00 09/03/25 INTERNATIONAL BRO PR PPE250829 - DED 8003 41618 4579 475.00 09/03/25 INTERNATIONAL BRO PR PPE250829 - DED 8004 41619 4580 625.00 09/03/25 INTERNATIONAL BRO PR PPE250829 - DED 8001 41620 4581 875.00 TOTAL NON-DEPARTMENTAL 749,076.66
10000010 NON-DEPARTMENTAL
08/10/25 CALPERS AUG 2025 - CALPERS MEDICAL 39971 4314 29,862.00 TOTAL NON-DEPARTMENTAL 29,862.00
10010102 LEGAL SERVICES
08/14/25 HARPER AND BURNS, LL JUL '25 - CITY LEGAL SERVICES 41093 4474 44,337.00

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TOTAL LEGAL SERVICES 44,337.00
10010103 OFFICE OF CITY MANAGER
08/14/25 ORANGE COUNTY TREASU FY 2025-2026 LAFCO ALLOCATION COST 40966 2316211 10,283.66 TOTAL OFFICE OF CITY MANAGER 10,283.66
10010104 ADMIN SERVICES
08/14/25 TOWNSEND PUBLIC AFFA JUL 2025 - GRANT WRITING SERVICES 41091 4493 6,000.00 08/14/25 AT&T MOBILITY 6/27 - 7/26/25 ADMIN CELL PHONES 40963 2316175 219.20 08/14/25 JPW COMMUNICATIONS JUL '25 - COMMUNICATIONS, MARKETING, PR 41095 4478 3,846.25 08/14/25 TOWNSEND PUBLIC AFFA AUG 2025 - GRANT WRITING SERVICES 41090 4493 6,000.00 08/21/25 CALIF ASSOC OF PUBLI FY25/26 MEMBERSHIP RENEWAL 41323 2316270 300.00 TOTAL ADMIN SERVICES 16,365.45
10020200 HUMAN RESOURCES
08/21/25 CONCENTRA MEDICAL CE 7/14/2025 OCCUPATIONAL MEDICAL SERVICES 41208 2316279 55.00 08/10/25 CALPERS AUG 2025 - CALPERS MEDICAL 39971 4314 435.81 08/21/25 CONCENTRA MEDICAL CE 7/16 - 7/22/2025 OCCUPATIONAL MEDICAL 41210 2316281 2,320.80 08/21/25 AT&T MOBILITY 6/27/24 -7/26/25 HR CELL PHONE 41180 2316265 279.30 08/21/25 CONCENTRA MEDICAL CE 7/24 - 7/29/2025 OCCUPATIONAL MEDICAL 41209 2316280 462.60 08/21/25 SHRED-IT USA LLC 07/02/2025 MONTHLY SHRED-IT SERVICES FOR 41215 2316311 126.81 08/21/25 LIEBERT, CASSIDY & W JULY 2025 CLIENT MATTER FO030-00035 41237 4524 260.00 08/21/25 LIEBERT, CASSIDY & W JULY 2025 CLIENT MATTER FO030-00028 41260 4525 2,295.00 08/21/25 LIEBERT, CASSIDY & W JULY 2025 CLIENT MATTER FO030-00001 41262 4526 3,068.30 08/21/25 LIEBERT, CASSIDY & W JULY 2025 CLIENT MATTER FO030-00041 41263 4527 3,583.00 08/21/25 LIEBERT, CASSIDY & W JULY 2025 CLIENT MATTER FO030-00038 41265 4528 31,330.00 08/21/25 CONCENTRA MEDICAL CE 7/31 - 8/05/2025 HR OCCUPATIONAL MEDICAL 41283 2316282 2,298.20 08/14/25 MANHATTAN STITCHING NEW HIRE SHIRTS 40944 2316204 2,892.75 08/21/25 THE COUNSELING TEAM AUGUST 2025 EAP SERVICES 41061 2316315 1,500.00 08/21/25 CONCENTRA MEDICAL CE 8/06 - 8/11/2025 HR OCCUPATIONAL MEDICAL 41284 2316283 2,356.20 08/28/25 BOB MURRAY & ASSOC RECRUITMENT SERVICES - CHIEF OF POLICE 41388 2316346 10,700.00 TOTAL HUMAN RESOURCES 63,963.77
10030300 PLANNING
08/21/25 AMAZON ERGONOMIC MOUSE PAD - DALEY 41192 4514 10.76 08/14/25 ORANGE COUNTY REGIST JUNE 2025 PC MEETING NOTICE 39561 2316210 1,419.60 08/21/25 THE PLANNING CENTER MAR 25 CONSULTANT SVCS FOR EUCLID/HEIL 41282 2316316 27,367.46 08/14/25 ORANGE COUNTY REGIST JULY 2025 ADVERTISEMENTS PC/APPEAL 40950 2316210 2,234.56 08/14/25 INFOSEND, INC JULY 2025 DATA PROCESSING PRINTING 41059 2316200 289.78 TOTAL PLANNING 31,322.16
10030301 BUILDING & SAFETY
08/21/25 AMAZON IPHONE CASE - ZAVADIL 41193 4514 13.93
08/21/25 AMAZON METAPENCIL FOR IPAD - ZAVADIL 41194 4514 25.00 08/21/25 AMAZON WHITEBOARD STICKY NOTES DESK 41195 4514 99.34 08/21/25 AMAZON LYSOL DISINFECTANT WIPES-PLANNING 41196 4514 20.97 08/21/25 AMAZON WHITEBOARD SHEET PROTECTORS-SALUD 41197 4514 38.58 08/21/25 OC SANITATION DISTRI JULY 2025 SEWER CONNECTION 41187 2316299 (808.52) 08/28/25 GRM INFORMATION MANA STORAGE FOR 253 PLANS 41070 4555 96.43 08/14/25 GRM INFORMATION MANA STORAGE FOR 322 PLANS 41072 4473 120.75

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08/14/25 GRM INFORMATION MANA PERMIT STORAGE PLUS STORAGE FOR 253 41073 4473 96.38 08/21/25 TRUE NORTH COMPLIANC JULY 2025 BUILDING PLAN REVIEW AND 41184 4538 3,740.00 08/21/25 TRUE NORTH COMPLIANC JULY 2025 BUILDING PLAN REVIEW AND 41185 4538 7,437.50 08/21/25 AMAZON WIRELESS KEYBOARD-KRAEBER 41198 4514 21.74 08/14/25 GRM INFORMATION MANA STORAGE FOR 322 PLANS 41067 4473 120.75 TOTAL BUILDING & SAFETY 11,022.85
10030305 ECONOMIC DEVELOPMENT
08/14/25 COSTAR REALTY INFORM REAL ESTATE SEARCH SERVICE 41062 2316182 412.69 TOTAL ECONOMIC DEVELOPMENT 412.69
10040400 FINANCE
08/14/25 NBS GOVERNMENT FINAN FIRE FACILITIES IMPACT FEE STUDY THRU MAR 41035 2316207 3,875.00 08/14/25 STATE CONTROLLER'S O 2024 INTERCEPT FEES/OFFSET PROGRAM 41174 2316235 164.89 08/14/25 NBS GOVERNMENT FINAN FIRE FACILITIES IMPACT FEE STUDY THRU JUN 41034 2316207 5,962.50 08/14/25 AT&T MOBILITY 7/27 - 8/26/25 R SMITH CELL PHONE 40959 2316173 45.09 08/28/25 HDL COREN & CONE JUL-SEP 2025 PROPERTY TAX CONTRACT SVCS 41289 2316361 3,960.00 TOTAL FINANCE 14,007.48
10040401 PURCHASING
08/28/25 PRIMO BRANDS 8710065142 CH WATER 5/27 - 6/26/25 41420 2316374 315.89 08/28/25 NEOFUNDS/TOTALFUNDS JUNE 2025 REPLENISHMENT POSTAGE 41455 2316368 3,000.00 08/28/25 OFFICE DEPOT 202507 - REC & PD PAPER 41423 2316371 631.08 08/28/25 PRIMO BRANDS 8710065142 CH WATER 6/27/25 - 7/26/25 41424 2316374 187.12 08/28/25 OFFICE DEPOT 202508 CH & SR PAPER DELIVERY 41436 2316371 675.37 TOTAL PURCHASING 4,809.46
10050500 ENGINEERING
08/14/25 REFUND ONE-TIME PERMIT 24-017E - REFUND DUE TO 40860 2316219 424.00 08/21/25 AT&T MOBILITY 5/27-6/26/25 - CELL PH TG SM KK JP KH RD SS 39665 2316263 433.12 08/21/25 MATRIX IMAGING PRODU 5/06/25 - PW DOCUMENTS SCANNING 41171 2316298 10,752.92 08/21/25 MATRIX IMAGING PRODU 5/06/25 - PW DOCUMENTS SCANNING 41172 2316298 5,000.00 08/28/25 ARCADIS U.S. INC THRU JUN 25 FV INTELLIGENT 41309 4545 11,814.77 08/21/25 VERIZON WIRELESS 6/26-7/25-25 - ENG CP - ENVIR SRVCS 41118 2316320 38.83 08/21/25 AT&T MOBILITY 6/27-7/26/25 - CELL PH TG SM KK JP KH RD SS & 41117 2316264 462.44 08/21/25 CANON U.S.A., INC. JUL 2025 - CANON MAINTENANCE & SERVICES 41168 2316272 433.37 08/21/25 CANON U.S.A., INC. AUG 2025 - CANON MAINTENANCE & SERVICES 41169 4516 433.37 TOTAL ENGINEERING 29,792.82
10050502 CONTSRUCTION INSP
08/14/25 DUDEK 5/24-6/27/25 - ON-CALL PUBLIC WORKS 39992 2316187 4,640.00 TOTAL CONTSRUCTION INSP 4,640.00
10050503 STREET LIGHTING
08/21/25 YUNEX, LLC 6/26/25 - EUCLID SLATER SIGNAL POLE SWC 41086 4540 6,719.03 08/14/25 YUNEX, LLC JUN 2025 - SIGNAL CALL OUTS 41087 4496 753.33 08/14/25 BEAR ELECTRICAL SOLU 5/01/25 - SLKD BUSHARD & HEIL 41155 4467 2,780.00 08/21/25 BEAR ELECTRICAL SOLU JUN 2025 - SL MAINTENANCE 41156 4515 12,808.00 08/14/25 SO CALIF EDISON CO JUL 2025 - STREET LIGHTS ELECTRICITY 41122 2316224 17,636.14 08/14/25 SO CALIF EDISON CO JUL 2025 - STREET LIGHTS ELECTRICITY 41123 2316225 8,833.45 08/28/25 SO CALIF EDISON CO 6/24-7/24/25 - TRAFFIC SIGNALS ELECTRICITY 41327 2316384 5,423.14

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TOTAL STREET LIGHTING 54,953.09
10050550 RIGHTS-OF-WAY
08/14/25 SO CALIF EDISON CO 07/03/25 to 08/04/25 ROWS 40937 2316226 92.74 TOTAL RIGHTS-OF-WAY 92.74
10050551 TREE MAINTENANCE
08/28/25 GREAT SCOTT TREE SER EL RANCHO AVENUE TREE MAINTENANCE 41490 4554 1,463.76 08/28/25 GREAT SCOTT TREE SER EL LAGO AVE TREE MAINTENANCE SERVICES 41492 4554 458.28 08/28/25 GREAT SCOTT TREE SER MT ACKERMAN TREE MAINTENANCE SERVICES 41495 4554 814.05 08/28/25 GREAT SCOTT TREE SER PALM REMOVAL 17662 SANTA MARIA ST 41496 4554 711.56 08/28/25 GREAT SCOTT TREE SER QUADRANTS B-5 PALM TREE MAINTENANCE 41488 4554 3,782.40 08/28/25 GREAT SCOTT TREE SER TREE REMOVAL 17538 SANTA ROSALIA 41480 4554 355.78 08/28/25 GREAT SCOTT TREE SER QUADRANT B-4 PALM TREE MAINTENANCE 41485 4554 4,905.30 08/28/25 GREAT SCOTT TREE SER VARIOUS STUMP GRINDING 41483 4554 171.85 08/28/25 GREAT SCOTT TREE SER TREE PLANTING SERVICES 41484 4554 4,097.98 08/28/25 GREAT SCOTT TREE SER QUADRANT C-5 PALMS MAINTENANCE 41479 4554 4,077.90 08/28/25 GREAT SCOTT TREE SER QUADRANT D-5 PALMS TREE MAINTENANCE 41477 4554 4,964.40 08/28/25 GREAT SCOTT TREE SER QUADRANT C-4 PALM TREE MAINTENANCE 41478 4554 2,955.00 08/28/25 GREAT SCOTT TREE SER QUADRANT D-6 PALM TREE MAINTENANCE 41470 4554 2,423.10 08/28/25 GREAT SCOTT TREE SER QUADRANT B-7 PALM TREE MAINTENANCE 41471 4554 1,536.60 08/28/25 GREAT SCOTT TREE SER TREE REMOVAL 9585 LA CAPILLA 41472 4554 355.78 08/28/25 GREAT SCOTT TREE SER PALMS QUADRANT C-7 TREE MAINTENANCE 41473 4554 1,950.30 08/28/25 GREAT SCOTT TREE SER QUADRANT E-7 PALM TREE MAINTENANCE 41474 4554 827.40 08/28/25 GREAT SCOTT TREE SER QUADRANT D-7 PALMS TREE MAINTENANCE 41475 4554 2,955.00 08/21/25 JHM SUPPLY, INC PARK TRANSFORMER 41274 2316296 419.90 08/21/25 IMPERIAL SPRINKLER S TREE ROOT BARRIER 41278 2316294 622.64 08/21/25 IMPERIAL SPRINKLER S TREE BARRIER 41276 2316294 1,867.92 08/28/25 GREAT SCOTT TREE SER JULY ROOT GRINDING 41476 4554 1,718.55 TOTAL TREE MAINTENANCE 43,435.45
10050552 PARK MAINTENANCE
08/28/25 JHM SUPPLY, INC CALSENSE CS3000CONTROLLER UPGRADE LR

41534 2316364 13,856.70
08/14/25 RED WING BUSINESS AD SAFETY BOOTS-J.C. 41127 2316218 265.00 08/14/25 RED WING BUSINESS AD SAFETY BOOTS-L.Q. 40974 2316216 237.04 08/14/25 RED WING BUSINESS AD SAFETY BOOTS-E.C. 41124 2316217 265.00 08/21/25 BEE BUSTERS, INC. BEE REMOVAL 41273 2316267 185.00 08/14/25 SO CALIF EDISON CO 07/08/25 to 08/05/25 NIEBLAS PARK (GARDENIA) 41058 2316230 22.05 08/28/25 SO CALIF EDISON CO 07/22/25 to 08/19/25 MCDOWELL PARK (OAK ST) 41364 2316386 23.72 TOTAL PARK MAINTENANCE 14,854.51
10050553 CONCRETE MAINTENANCE
08/14/25 GRAINGER, INC. EAR PLUGS 39814 2316197 74.66
08/14/25 UNITED RENTALS NORTH SIDEWALK REPAIR 40969 2316241 348.90 08/21/25 UNITED RENTALS NORTH TRAILER RENTAL 41234 2316317 328.93 08/21/25 VULCAN MATERIAL COMP ASPHALT OIL 41257 2316323 240.35 08/21/25 VULCAN MATERIAL COMP ASPHALT 41261 2316323 301.60 08/21/25 VULCAN MATERIAL COMP ASPHALT 41254 2316323 948.95 08/21/25 VULCAN MATERIAL COMP ASPHALT 41256 2316323 299.28

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TOTAL CONCRETE MAINTENANCE 2,542.67
10050554 PAVEMENT MAINTENANCE
08/14/25 UNITED RENTALS NORTH ASPHALT REPAIR 41009 2316241 123.98 08/14/25 VULCAN MATERIAL COMP MANHOLE RINGS ASPHALT 39395 2316257 184.64 08/14/25 VULCAN MATERIAL COMP MANHOLE REPAIRS 39393 2316257 298.13 08/14/25 VULCAN MATERIAL COMP ASPHALT REPAIR 39858 2316257 244.86 08/14/25 VULCAN MATERIAL COMP ASPHALT REPAIR 39874 2316257 305.07 08/14/25 GRAINGER, INC. ASPHALT RAKES AND GLOVES 39813 2316197 970.54 08/14/25 GRAINGER, INC. ASPHALT RAKES 39815 2316197 376.52 08/14/25 VULCAN MATERIAL COMP ASHPHALT REPAIR AROUND WATER VALVES 39875 2316257 184.78 08/14/25 VULCAN MATERIAL COMP ASPHALT REPAIR 40962 2316257 478.82 TOTAL PAVEMENT MAINTENANCE 3,167.34
10050555 STORM DRAIN MAINT
08/14/25 COUNTY OF ORANGE NPDES IMPL AGMT FC D07-105 FY2026 41119 2316183 1,162.83 08/14/25 SO CALIF GAS CO 7/2/25-8/1/25 WALNUT PUMP STATION 41003 2316231 49.97 08/14/25 SO CALIF GAS CO 7/3/25-8/4/25 SANDALWOOD PUMP STATION 41006 2316231 22.38 08/28/25 SO CALIF EDISON CO 07/18/25 to 08/17/25 SANDLEWOOD PUMP 41363 2316385 718.65 TOTAL STORM DRAIN MAINT 1,953.83
10050556 TRAFFIC CONTROL
08/14/25 ROADLINE PRODUCTS IN TRAFFIC PAINT 40933 4487 1,131.38 TOTAL TRAFFIC CONTROL 1,131.38
10050557 STREET SWEEPING
08/21/25 SCA OF CA, LLC JUNE MONTHLY STREET SWEEPING 41098 4534 33,122.20 TOTAL STREET SWEEPING 33,122.20
10050558 RECREATION CENTER
08/28/25 AGUINAGA GREEN, INC SEED TOPPER FOR FIELD B & C 41538 4543 711.15 08/28/25 AGUINAGA GREEN, INC SEED TOPPER FOR FIELDS B & C 41539 4543 711.15 08/21/25 BEE BUSTERS, INC. BEE REMOVAL 41236 2316267 185.00 TOTAL RECREATION CENTER 1,607.30
10060600 FIRE SUPPRESSION
08/14/25 VERIZON WIRELESS 7.23.25-8.22.25 - FIRE AVL TRACKERS 40984 2316246 990.26 08/14/25 VERIZON WIRELESS 7.26.25-8.25.25 FIRE CELLS 40986 2316247 94.89 08/14/25 ALLSTAR FIRE EQUIPME SAFETY EQUIPMENT 40987 2316169 1,178.03 08/14/25 ALLSTAR FIRE EQUIPME SAFETY EQUIPMENT 40988 2316169 3,399.80 08/14/25 SVT FLEET SOLUTIONS APPARATUS MAINTENANCE AND REPAIR - 40989 4491 13,461.60 08/14/25 SVT FLEET SOLUTIONS APPARATUS MAINTENANCE AND REPAIR - 40990 4491 4,745.50 08/14/25 SVT FLEET SOLUTIONS APPARATUS MAINTENANCE AND REPAIR - 8209 40991 4491 1,795.54 08/14/25 WATERWORTH, BRENT WATERWORTH REFUND FOR PM LIC RENEWAL 40993 4494 250.00 08/14/25 AMAZON NEW HIRE TRAINING ITEMS 41014 4462 62.24 08/21/25 PURETEC INDUSTRIAL W DEIONIZED WATER SYSTEM FIRE STATION 1 41205 2316305 130.75 08/28/25 ALLSTAR FIRE EQUIPME PHENIX FIRE HELMETS RED 41268 2316324 1,029.85 08/28/25 ALLSTAR FIRE EQUIPME PHENIX FIRE HELMETS YELLOW 41270 2316324 1,917.70 08/28/25 AT&T MOBILITY 7.9.25-8.8.25 FIRE BACK UP CELLS 41272 2316339 201.20 08/28/25 AMAZON SUPPLIES FIRE ACADEMY 41279 4544 58.97
08/28/25 AMAZON VACUUM STATION 2 41280 4544 604.37

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08/28/25 AMAZON SAFETY GEAR FOR APPARATUS 41285 4544 10.67 08/28/25 AMAZON APPARATUS EQUIPMENT GAS STRUTS, 41294 4544 120.91 08/28/25 ARAMARK REFRESHMENT WATER FILTER REPLACEMENT COFFE SERVICE 41339 2316336 109.86 08/28/25 PURETEC INDUSTRIAL W DEIONIZED WATER SYSTEM FIRE STATION 1 41355 2316375 130.75 08/28/25 AT&T MOBILITY 7.9.25-8.8.25 FIRE CELLS PHONES 41357 2316340 184.52 TOTAL FIRE SUPPRESSION 30,477.41
10060601 PARAMEDICS
08/14/25 AMAZON JANITORIAL SUPPLIES 41012 4462 592.26
08/14/25 AMAZON JANATORIAL SUPPLIES 41013 4462 61.56
08/28/25 LINEGEAR INC DRESS AND DUTY UNIFORM HIRTS 41266 4560 368.51 08/28/25 AWARDS & TROPHIES CO LOCKER PLATES/BC NAME BARS 41275 2316344 44.48 08/28/25 AMAZON MEMORIAL MCQUAID MILITARY FLAG 41277 4544 70.68 08/28/25 RUDAITIS, MICHELLE MEMORIAL MCQUAID -REIMBURSEMEN 41287 4566 31.89 08/28/25 GALLS, LLC NEW HIRE KURI BELT AND DUTY JACKET 41288 2316359 204.71 08/28/25 GALLS, LLC NEW HIRE KURI DUTYUNIFORM PANTS 41290 2316359 665.83 08/28/25 GALLS, LLC NEW HIRE KURI DUTY UNIFORM SHIRTS 41291 2316359 557.05 08/28/25 AMAZON MEMORIAL MCQUAID - MEMORIAL FLAGS 41292 4544 147.88 08/28/25 OCHOA, DIEGO REIMBURSEMENT OCHOA TAILORING DRESS 41356 4562 28.00 08/28/25 TURNOUT MAINTENANCE REPAIR & CLEANING OF TURNOUTS 41358 2316394 334.00 TOTAL PARAMEDICS 3,106.85
10060602 AMBULANCE SERVICES
08/14/25 VERIZON WIRELESS 7.26.25-8.25.25 AMBULANCE CELLS 40983 2316245 77.66 08/21/25 AMBULANCE REFUND REFUND OF PARAMEDIC MEMBERSHIP FEE 40992 2316260 60.00 08/14/25 CARE AMBULANCE 7/22/25-08/04/25 AMBULANCE TRANSPORT 41010 4469 54,662.44 08/14/25 CARE AMBULANCE 07/08/25-07/21/25 AMBULANCE TRANSPORT 41011 4469 54,662.44 08/14/25 SPECTRUM GAS PRODUCT OXYGEN TANK RENTAL STATION 2 41017 2316233 64.40 08/14/25 SPECTRUM GAS PRODUCT OXYGEN TANK RENTAL STATION 1 41018 2316233 136.85 08/14/25 LIFE ASSIST FIRST AID/MEDICAL SUPPLIES 41019 4480 596.55 08/14/25 LIFE ASSIST FIRST AID/MEDICAL SUPPLIES 41020 4480 882.21 08/14/25 LIFE ASSIST FIRST AID/MEDICAL SUPPLIES 41021 4480 397.70 08/14/25 BOUND TREE MEDICAL FIRST AID/MEDICAL SUPPLIES 41022 4468 467.97 08/14/25 BOUND TREE MEDICAL FIRST AID/MEDICAL SUPPLIES 41023 4468 172.10 08/14/25 BOUND TREE MEDICAL FIRST AID/MEDICAL SUPPLIES 41024 4468 214.55 08/14/25 BOUND TREE MEDICAL FIRST AID/MEDICAL SUPPLIES 41025 4468 643.27 08/14/25 BOUND TREE MEDICAL FIRST AID/MEDICAL SUPPLIES 41026 4468 1,121.44 08/14/25 BOUND TREE MEDICAL FIRST AID/MEDICAL SUPPLIES 41029 4468 760.83 08/28/25 LIFE ASSIST FIRST AID/MEDICAL SUPPLIES 41340 4559 909.85 08/28/25 LIFE ASSIST FIRST AID/MEDICAL SUPPLIES 41353 4559 203.23 08/28/25 AT&T MOBILITY 7.9.25-8.8.25 FIRE CELLS PHONES 41357 2316340 14.99 08/28/25 AMBULANCE REFUND WITTMAN AUGUST REFUND 2025 41431 2316328 150.00 08/28/25 AMBULANCE REFUND WITTMAN AUGUST REFUND 2025 41432 2316329 145.26 08/28/25 AMBULANCE REFUND WITTMAN AUGUST REFUND 2025 41433 2316330 155.00 08/28/25 AMBULANCE REFUND WITMAN AUGUST REFUND 2025 41449 2316331 155.00 08/28/25 AMBULANCE REFUND WITTMAN AUGUST REFUND 2025 41451 2316325 13.94 08/28/25 AMBULANCE REFUND WITTMAN AUGUST REFUNDS 2025 41453 2316332 426.52

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08/28/25 AMBULANCE REFUND WITTMAN AUGUST REFUND 2025 41456 2316326 2,869.95 08/28/25 AMBULANCE REFUND WITTMAN AUGUST REFUND 2025 41458 2316333 770.91 08/28/25 AMBULANCE REFUND WITTMAN AUGUST REFUND 2025 41459 2316327 30.00 TOTAL AMBULANCE SERVICES 120,765.06
10060603 FIRE PREVENTION
08/14/25 VERIZON WIRELESS 7.26.25-8.25.25 FIRE CELLS 40986 2316247 51.91 08/28/25 GRM INFORMATION MANA 7.1.25-7.31.25 - FIRE FILE STORAGE 41293 4555 9.31 08/28/25 AT&T MOBILITY 7.9.25-8.8.25 FIRE CELLS PHONES 41357 2316340 94.78 TOTAL FIRE PREVENTION 156.00
10060604 FIRE RESERVES
08/14/25 KURI, NATHAN KURI: RESERVE JULY STIPEND 41015 4479 20.00 08/14/25 QUINONEZ, CESAR CESAR QUINONEZ RESERVE JULY SPIPEND 41016 4484 20.00 TOTAL FIRE RESERVES 40.00
10060605 DISASTER PREPAREDNESS
08/14/25 VERIZON WIRELESS 7.26.25-8.25.25 FIRE CELLS 40986 2316247 77.66 08/28/25 AT&T MOBILITY 7.9.25-8.8.25 FIRE CELLS PHONES 41357 2316340 44.87 TOTAL DISASTER PREPAREDNESS 122.53
10070700 PATROL
08/14/25 VERIZON WIRELESS 11/26 - 12/25/25 PD CELL PHONES 41036 2316248 968.84 08/14/25 VERIZON WIRELESS 12/26 - 1/25/25 PD CELL PHONES 41037 2316249 969.07 08/14/25 VERIZON WIRELESS 1/26 - 2/25/25 PD CELL PHONES 41038 2316250 971.74 08/14/25 VERIZON WIRELESS 2/26 -3/25/25 PD CELL PHONES 41039 2316251 889.12 08/14/25 VERIZON WIRELESS 3/26 - 4/25/25 PD CELL PHONES 41040 2316252 622.65 08/14/25 VERIZON WIRELESS 4/26 - 5/25/25 PD CELL PHONES 41041 2316253 338.03 08/14/25 VERIZON WIRELESS 5/26 - 6/25/25 PD CELL PHONES 41042 2316254 394.36 08/14/25 CITY OF SANTA ANA JUNE 2025 - BOOKING FEES 40982 2316180 292.00 08/14/25 VERIZON WIRELESS DEPARTMENT CELL PHONES 40913 2316244 226.17 08/21/25 AT&T MOBILITY 6/27-7/26/25 PD CELL PHONES 41221 2316266 2,645.34 08/21/25 CALIF FORENSIC PHLEB JULY 2025 BLOOD DRAWS 41219 2316271 2,761.20 08/21/25 V&V MANUFACTURING, I BADGE RIBBON CHANGE - 16 & 17 41220 2316319 121.69 08/21/25 AMAZON RECORDS SUPPLIES 41222 4514 65.83
08/21/25 CITY OF SANTA ANA JULY 2025 - BOOKING FEES 41224 2316277 438.00 08/21/25 AMAZON DEPARTMENT SUPPLIES 41223 4514 157.04
08/21/25 REFUND ONE-TIME REIMBURSE TUITION EVIDENCE TRAINING 41321 2316306 288.00 TOTAL PATROL 12,149.08
10070701 INVESTIGATION
08/21/25 SAIGON GRAND CENTER BADGE PINNING CEREMONY VENUE RENTAL 41225 2316310 1,900.00 TOTAL INVESTIGATION 1,900.00
10070705 L.E. COMMUNICATIONS
08/14/25 COUNTY OF ORANGE MOUNTING BRACKETS FOR RADIOS 40467 2316184 40.52 TOTAL L.E. COMMUNICATIONS 40.52
10070708 RANGE
08/21/25 CITY OF WESTMINSTER RANGE - 6/12, 6/24, 6/25 41226 2316278 1,209.00 TOTAL RANGE 1,209.00
10070800 ANIMAL CARE SVCS

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08/21/25 COUNTY OF ORANGE 4/1/25-6/30/25 ANIMAL CARE SERVICES 41173 2316284 229,470.93 TOTAL ANIMAL CARE SVCS 229,470.93
10080800 RECREATION CENTER
08/14/25 AMAZON ACCORDION FILE FOLDERS 40929 4462 36.94 08/21/25 PRIMO BRANDS WATER FOR 6/27/25 TO 7/26/25 41203 2316303 136.00 08/14/25 SPECTRUM GAS PRODUCT HELIUM TANK RENT JULY 40930 2316233 26.00 08/14/25 AMAZON RC OFFICE SUPPLIES 40926 4462 33.63
08/21/25 VERIZON WIRELESS 8/2 - 9/1/25 RC PARK PATROL & ATHLETICS 41229 2316321 45.02 08/21/25 AMAZON OFFICE SUPPLIES FOR RC 41201 4514 38.46 08/21/25 AMAZON OFFICE SUPPLIES FOR RC 41202 4514 78.51 TOTAL RECREATION CENTER 394.56
10080801 ATHLETICS
08/21/25 D&B UMPIRES ADULT SOFTBALL UMPIRING FEE (50) GAMES 39683 2316285 1,800.00 08/14/25 G & G TROPHY LLC YOUTH BASKETBALL SUMMER AWARDS 41044 2316196 647.61 08/21/25 VERIZON WIRELESS 8/2 - 9/1/25 RC PARK PATROL & ATHLETICS 41229 2316321 37.57 TOTAL ATHLETICS 2,485.18
10080802 FIELD OPERATIONS
08/14/25 SPORTS FACILITIES GR (10) DIGOUT TOOLS FOR BALLFIELDS 40820 2316234 125.88 TOTAL FIELD OPERATIONS 125.88
10080810 SENIOR & COMM CENTER
08/28/25 AT&T MOBILITY 5/6 - 5/26/25 R FRIZZELLE CELL 41365 2316341 31.07 08/28/25 AT&T MOBILITY 5/27 - 6/26/25 R FRIZZELLE CELL 41366 2316342 43.67 08/28/25 AT&T MOBILITY 6/27 - 7/26/25 R FRIZZELLE CELL 41367 2316343 44.87 08/21/25 AMAZON ACRYLIC BROCHURE HOLDERS 40060 4514 46.29 08/21/25 AMAZON PLASTIC CARAFES FOR SPECIAL EVENTS 40061 4514 94.68 08/14/25 AMAZON OFFICE SUPPLIES 40995 4462 50.57
08/21/25 VERIZON WIRELESS 8/2 - 9/1/25 SENIOR CENTER CELL PHONES 41230 2316322 85.03 08/21/25 PRIMO BRANDS SC WATER 07/07/25-08/26/25 41204 2316303 49.18 08/14/25 AMAZON SC TABLECLOTHS 41143 4462 65.76
08/21/25 S.C. GYM REPAIR SC FITNESS ROOM MONTHLY SERVICE & 41177 2316309 210.00 08/28/25 BLDG REFUND REFUND FOR RENTAL ON 8/17/2014 41378 2316345 86.00 TOTAL SENIOR & COMM CENTER 807.12
10080820 CONTRACT CLASSES
08/14/25 MAD SCIENCE INSTRUCTOR PAYMENT FOR CLASSES ENDING 40932 4481 1,745.80 08/14/25 REC SVCS REFUND REFUND FOR CLASS 271133-A2 40985 2316215 36.00 08/14/25 SOUTHWEST OFFSET PRI FOUNTAIN PEN VENDOR FISCAL YEAR 2025- 41138 2316232 7,901.02 08/28/25 REC SVCS REFUND CLASS REFUND 155091-A2 41377 2316379 71.00 08/28/25 REC SVCS REFUND CLASS REFUND 127011-A2 41379 2316378 209.00 08/28/25 REC SVCS REFUND CLASS REFUND 155091-A2 41380 2316377 71.00 08/28/25 REC SVCS REFUND CLASS REFUND 155091-A2 41381 2316376 71.00 08/28/25 WARDECKI, CARRIE L. INSTRUCTOR PAYMENT 101682 41382 4568 583.05 08/28/25 FOX, CAROLYN J. INSTRUCTOR PAYMENT 100815 41383 4552 454.35 08/28/25 FOX, CAROLYN J. INSTRUCTOR PAYMENT 100815 41384 4553 741.00 08/28/25 PLAY-WELL TEKNOLOGIE INSTRUCTOR CLASS PAYMENT 100714 41385 4564 1,615.25 08/28/25 MAD SCIENCE INSTRUCTOR PAYMENT 105336 41390 4561 3,940.50

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08/28/25 DEN HARTOG, ERICA INSTRUCTOR PAYMENTS 100500 41395 4549 130.00 08/28/25 DEN HARTOG, ERICA PAYMENT FOR 151020-A4 41400 4550 156.00 08/28/25 ELYSIAN ARTS & EVENT INSTRUCTOR PAYMENT 105290 41402 4551 1,157.00 08/28/25 JACKSON, VICKIE LEE INSTRUCTOR PAYMENT 101105 41403 4558 468.00 08/28/25 WEST GROVE VOLLEYBAL INSTRUCTOR PAYMENT 101955 41407 4569 614.90 08/28/25 YOUNG CHAMPIONS, INC INSTRUCTOR PAYMENT 100593 41434 4570 1,385.15 08/28/25 HWANG'S WMAC INC. INSTRUCTOR PAYMENT 8.26.25 41437 4557 170.10 TOTAL CONTRACT CLASSES 21,520.12
10080821 SPECIAL EVENTS
08/14/25 DMS FACILITY SERVICE PORTERS FOR CONCERTS IN THE PARK 40967 2316186 2,210.00 08/14/25 AMAZON MOVIES FOR EVENTS 41135 4463 30.33
08/14/25 QUANTUM SIGNS & GRAP MOVIE IN THE PARK BANNERS 41136 2316213 456.75 08/14/25 QUANTUM SIGNS & GRAP SPONSOR SIGNS FOR MOVIE SCREEN 41137 2316214 81.02 08/14/25 AMAZON EVENT SUPPLIES 41139 4464 184.68
08/14/25 AMAZON EVENT SUPPLIES 41140 4465 157.69
08/14/25 ULINE EVENT TRASH CANS 41141 2316239 796.27
08/14/25 AMAZON CAMP SUPPLIES 41142 4466 50.98
TOTAL SPECIAL EVENTS 3,967.72
10080822 ANNUAL EVENTS
08/14/25 AMAZON LAYS FOR CAMPOUT FOOD 40928 4462 260.10 08/14/25 AMAZON CAMPOUT SUPPLIES 40927 4462 90.36
TOTAL ANNUAL EVENTS 350.46
10080823 PARK PATROL
08/21/25 VERIZON WIRELESS 8/2 - 9/1/25 RC PARK PATROL & ATHLETICS 41229 2316321 51.26 TOTAL PARK PATROL 51.26
10095000 GENERAL FUND
08/21/25 ROBERTSON INDUSTRIES VISTA PARK PLAYGROUND SAFETY 40949 2316308 3,105.00 08/14/25 ROBERTSON INDUSTRIES MCDOWELL PARK PLAYGROUND SURFACE 40947 2316221 5,265.00 08/14/25 ROBERTSON INDUSTRIES 2025 PLAYGROUND SAFETY SURFACE 40946 2316221 4,790.00 08/14/25 GRAINGER, INC. PLAYGROUND EQUIPMENT REPAIR- RC 41049 2316197 146.12 TOTAL GENERAL FUND 13,306.12
10095001 GENERAL FUND
08/21/25 PSOMAS JUN 2025 - I-405 IMPROVEMENT 39642 2316304 5,868.50 TOTAL GENERAL FUND 5,868.50
10097000 GF PROJ RECURRING
08/28/25 AT&T 9-1-1 VESTA CPE BASIC TURN-KEY STAND- 41457 2316337 63,485.00 08/28/25 COUNTY OF ORANGE 7/1/25-9/30/25 800 MHZ AGREEMENT (COUNTY 41491 2316349 34,756.88 TOTAL GF PROJ RECURRING 98,241.88
10098001 GENERAL FUND
08/21/25 RHA LANDSCAPE PARKS & COMMUNITY SERVICES MASTER PLAN 41179 2316307 16,720.00 TOTAL GENERAL FUND 16,720.00
11010050 ISF IS ADMIN CAPITAL
08/14/25 INSIGHT PUBLIC SECTO DUO SUBSCRIPTION RENEWAL 41100 4475 10,172.00 08/14/25 RON TURLEY ASSOCIATE 9/1 - 11/30/25 RON TURLEY ASSOCIATE 41157 2316222 2,023.18 08/21/25 TEMPORARY STAFFING 6/30 - 7/6/25 GEORGE HUANG 41310 4536 2,560.00

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08/21/25 TEMPORARY STAFFING 7/07 - 7/13/25 GEORGE HUANG 41311 4536 3,200.00 08/21/25 TEMPORARY STAFFING 7/14 - 7/20/25 GEORGE HUANG 41312 4536 3,200.00 08/28/25 CMS SOLUTIONS, INC PD PHONE LINE MOVE 41361 4547 132.13 08/14/25 JMG SECURITY SYSTEMS CAMERA REPLACEMENT FOR REC CENTER 40499 4477 2,080.00 08/21/25 TEMPORARY STAFFING 7/21 - 7/27/25 GEORGE HUANG 41313 4536 3,680.00 08/21/25 CHARTER COMMUNICATIO 08/01-08/31/25 PD CABLE TV 41189 2316273 166.91 08/21/25 CHARTER COMMUNICATIO 08/01-08/31/25 PD CABLE TV 41190 2316274 92.49 08/21/25 CHARTER COMMUNICATIO 08/01-08/31 CH FIBER 41191 2316275 1,975.00 08/28/25 CHARTER COMMUNICATIO 8/1 - 8/31/25 DIGITAL BOXES 41422 2316348 204.02 08/28/25 TEMPORARY STAFFING 7/28 - 8/03/25 GEORGE HUANG 41315 4567 3,320.00 08/28/25 TPX COMMUNICATIONS 8/9 - 9/8/25 CITY & PD PHONE LINES 41435 2316392 5,174.36 08/14/25 CBT NUGGETS LLC CBT NUGGETS ANNUAL SUBSCRIPTION 41060 4470 3,594.00 08/21/25 E-WASTE SECURITY, LL COMPUTER EQUIPMENT RECYCLE 41111 2316287 600.00 08/28/25 TEMPORARY STAFFING 8/4 -8/10/25 GEORGE HUANG 41316 4567 3,200.00 08/28/25 TEMPORARY STAFFING 8/11 - 8/17/25 GEORGE HUANG 41317 4567 3,200.00 08/28/25 TEMPORARY STAFFING 8/18 - 8/24/25 GEORGE HUANG 41404 4567 3,200.00 TOTAL ISF IS ADMIN CAPITAL 51,774.09
11010104 ISF IS
08/14/25 AT&T MOBILITY 6/27- 7/25/25 IT STAFF PHONES 40961 2316174 149.73 08/14/25 AT&T MOBILITY 6/27 - 7/26/25 EMERGENCY CELL 40965 2316177 378.30 TOTAL ISF IS 528.03
11110000 ISF GB CITY HALL
08/28/25 DMS FACILITY SERVICE 7/2025 MONTHLY MAINTENANCE 41332 2316354 3,566.00 08/14/25 GRAINGER, INC. REPLACE BATTERIES IN BURGLAR ALARM SYS 39902 2316197 366.82 08/14/25 TRICOM FIRE & ELECTR QTRLY AUTO SPRINKLER SVC- FIRE 2, CY, CH, 41054 2316238 245.00 08/14/25 FRONTIER COMMUNICATI 7/25 - 8/24/25 T-1 METRONET 40956 2316195 797.91 08/14/25 FRONTIER COMMUNICATI 7/28 - 8/27/25 EOC LINES 40953 2316193 720.11 08/14/25 SMARDAN SUPPLY CO. LEAK REPAIR- CH 41103 4490 137.73 08/14/25 SMARDAN SUPPLY CO. LEAK REPAIR ACCOUNTING- CH 41104 4490 4.76 08/28/25 VERIZON SELECT SERVI 6/29 - 7/30/25 LD SELECT 41421 2316398 16.79 08/21/25 FRONTIER COMMUNICATI 8/1 - 8/31/25 METRONET 41258 2316290 518.65 08/28/25 GRAINGER, INC. CEILING LIGHT FIXTURE, RISK MGR OFFICE- CH 41337 2316360 643.84 08/14/25 SO CALIF GAS CO 7/2/25-8/1/25 CITY HALL 40997 2316231 472.11 08/14/25 SO CALIF EDISON CO 07/09/25 to 08/06/25 CITY HALL 41057 2316229 16,069.86 08/21/25 OFFICE FURNITURE CON DESK CHAIRS - FOR THANG 41207 4529 967.82 08/21/25 ROAD RUNNER EXTERMIN MONTHLY PEST CONTROL- CH 41306 4533 76.00 08/28/25 CLIMATEC, LLC QUARTERLY TSA CLIMATEC ANNUAL TSA 41417 4546 414.09 08/28/25 DUNN-EDWARDS CORPORA CITY HALL DUMPSTER ENCLOSURE PAINT- CH 41467 2316355 36.59 TOTAL ISF GB CITY HALL 25,054.08
11110002 ISF GB OC CHILD CARE
08/14/25 PROFESSIONAL PLUMBIN ANNUAL SEWER LINE CLEANING 41116 4483 525.00 TOTAL ISF GB OC CHILD CARE 525.00
11150000 ISF GB CITY YARD
08/28/25 DMS FACILITY SERVICE 7/2025 MONTHLY MAINTENANCE 41332 2316354 2,879.00 08/14/25 GRAINGER, INC. CONVEX MIRROR IN ADMIN OFFICE- CY 39691 2316197 127.21

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08/14/25 GRAINGER, INC. REPLACE SMALL BATTERY IN ELEVATOR- CY 39901 2316197 2.90 08/14/25 AT&T 6/22 - 7/21/25 FS#2/CY/REC PHONES 40957 2316172 211.55 08/14/25 TRICOM FIRE & ELECTR QTRLY AUTO SPRINKLER SVC- FIRE 2, CY, CH, 41054 2316238 245.00 08/14/25 AMERICAN FIRST AID I FIRST AID SUPPLIES- CY 41053 2316170 684.10 08/14/25 MARCOM COMMUNICATION 6/25/25-7/25/25 MONTHLY ELEVATOR SVC- CY 41033 2316205 48.00 08/14/25 SMARDAN SUPPLY CO. FAUCET REPLACEMENT BREAKROOM- CY 41101 4490 305.84 08/21/25 REGENCY ENTERPRISES, LED LIGHTING CONVERSION- CY 41295 4532 130.47 08/21/25 SMARDAN SUPPLY CO. PLUMBING REPAIR- CY 41299 4535 32.05 08/28/25 GRAINGER, INC. EMERGENCY HAND LIGHT AND BATTERIES- CY 41334 2316360 192.92 08/28/25 GRAINGER, INC. EMERGENCY FLASH LIGHT- CY 41335 2316360 26.62 08/21/25 SMARDAN SUPPLY CO. URINAL REBUILD PARTS- CY 41297 4535 8.38 08/28/25 VEOLIA ENVIRONMENTAL FLUORESCENT LIGHT BULB DISPOSAL- CY 41338 2316397 865.78 08/28/25 CLIMATEC, LLC QUARTERLY TSA CLIMATEC ANNUAL TSA 41417 4546 86.67 08/28/25 AT&T 7/22 - 8/21/25 FS#2/CY/REC PHONES 41426 2316338 209.74 TOTAL ISF GB CITY YARD 6,056.23
11160001 ISF GB FS1
08/14/25 FRONTIER COMMUNICATI 7/22 - 8/21/25 FS#1 CKT 40951 2316191 97.13 08/21/25 FRONTIER COMMUNICATI 8/1 - 8/31/25 FS#1 METRONET 41259 2316291 43.19 08/14/25 SO CALIF GAS CO 7/2/25-8/1/25 FIRE STATION #1 40998 2316231 302.80 08/21/25 PACIFIC COAST REFRIG FIRE STATION #2 HVAC REPAIRS FY 25/26 41330 2316301 204.00 08/28/25 GRAINGER, INC. LED LAMP REPLACEMENT- FIRE 1 41333 2316360 8.09 08/28/25 FRONTIER COMMUNICATI 8/13 - 9/12/25 FS#1 PHONE 41427 2316357 220.61 08/28/25 ROAD RUNNER EXTERMIN QUARTERLY PEST/ RODENT CONTROL- FIRE 1 41466 4565 85.00 08/28/25 CLIMATEC, LLC QUARTERLY TSA CLIMATEC ANNUAL TSA 41417 4546 69.02 TOTAL ISF GB FS1 1,029.84
11160002 ISF GB FS2
08/14/25 AT&T 6/20 - 7/19/25 CKT METRO 40958 2316172 58.30 08/14/25 AT&T 6/22 - 7/21/25 FS#2/CY/REC PHONES 40957 2316172 211.54 08/14/25 TRICOM FIRE & ELECTR QTRLY AUTO SPRINKLER SVC- FIRE 2, CY, CH, 41054 2316238 245.00 08/14/25 SO CALIF GAS CO 7/3/25-8/4/25 FIRE STATION #2 41005 2316231 101.56 08/21/25 AR INDUSTRIES ENTRY GATE REPAIR- FIRE 2 41304 2316262 1,769.35 08/28/25 ROAD RUNNER EXTERMIN QUARTERLY PEST/ RODENT CONTROL- FIRE 2 41465 4565 85.00 08/28/25 CLIMATEC, LLC QUARTERLY TSA CLIMATEC ANNUAL TSA 41417 4546 69.01 08/28/25 AT&T 7/20 - 8/19/25 CKT METRO 41425 2316338 58.30 08/28/25 SO CALIF EDISON CO 07/23/25 to 08/20/25 FIRE STATION NO. 2 41386 2316387 1,137.95 08/28/25 AT&T 7/22 - 8/21/25 FS#2/CY/REC PHONES 41426 2316338 209.74 TOTAL ISF GB FS2 3,945.75
11170000 ISF GB POLICE DEPARTMENT
08/14/25 VERIZON WIRELESS 6/23 - 7/22/25 PD MDC 41108 2316255 1,151.15 08/28/25 DMS FACILITY SERVICE 7/2025 MONTHLY MAINTENANCE 41332 2316354 7,422.00 08/14/25 DUNN-EDWARDS CORPORA PAINT FOR OFFICE- PD 41030 2316188 60.14 08/14/25 TRICOM FIRE & ELECTR QTRLY AUTO SPRINKLER SVC- FIRE 2, CY, CH, 41054 2316238 245.00 08/14/25 AT&T MOBILITY 6/27/25 - 7/26/25 PD MDC ACCT287352327130 40964 2316176 850.93 08/14/25 FRONTIER COMMUNICATI 7/28 - 8/27/25 CENTRA NET TO 911 40952 2316192 376.72 08/14/25 FRONTIER COMMUNICATI 7/28 - 8/27/25 PD DISPATCH 40954 2316194 507.14

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08/21/25 PACIFIC COAST REFRIG POLICE DEPARTMENT HVAC REPAIRS FY 25/26 41329 2316301 486.00 08/14/25 DUNN-EDWARDS CORPORA PAINT FOR BRIEFING ROOM- PD 41031 2316188 65.05 08/14/25 AMAZON BLACKOUT WINDOW PRIVACY FILM 40980 4462 444.14 08/14/25 SO CALIF GAS CO 7/2/25-8/1/25 PD 40994 2316231 611.65 08/14/25 REGENCY ENTERPRISES, LIGHT SWITCH BOX- PD 41105 4485 13.91 08/14/25 SO CALIF EDISON CO 07/09/25 to 08/06/25 POLICE DEPARTMENT 41056 2316228 9,898.95 08/21/25 FRONTIER COMMUNICATI 8/7 - 9/6/25 JAIL PHONE 41264 2316292 129.95 08/21/25 DUNN-EDWARDS CORPORA ACCENT WALL PAINT- PD 41296 2316286 32.53 08/28/25 FRONTIER COMMUNICATI 8/13 - 9/12/25 PD DISPATCH 41428 2316358 114.68 08/28/25 DAVID CROWELL ELECTR ELECTRICAL WORK FOR OFFICE- PD 41462 2316350 980.00 08/21/25 ROAD RUNNER EXTERMIN MONTHLY PEST CONTROL- PD 41305 4533 112.00 08/28/25 CLIMATEC, LLC QUARTERLY TSA CLIMATEC ANNUAL TSA 41417 4546 414.09 TOTAL ISF GB POLICE DEPARTMENT 23,916.03
11180000 ISF GB REC CENTER
08/28/25 UNITED RENTALS NORTH PORTABLE RESTROOMS FOR PONY SNACKBAR 41419 2316396 867.60 08/28/25 UNITED RENTALS 1 WEEK RENTAKL OF PORTA POTTIES 41430 2316395 3,430.01 08/14/25 DAY LITE MAINTENANCE LIGHTING REPAIR PICKLE BALL CT#2, TENNIS

39083 4471 5,052.93
08/28/25 DMS FACILITY SERVICE 7/2025 MONTHLY MAINTENANCE 41332 2316354 15,342.00 08/14/25 DAY LITE MAINTENANCE SPORTS PARK FIELDS 14, 15 LIGHT OUTAGE 40070 4471 6,563.33 08/14/25 AT&T 6/22 - 7/21/25 FS#2/CY/REC PHONES 40957 2316172 211.54 08/14/25 ROAD RUNNER EXTERMIN QUARTERLY PEST CONTROL- CY 41046 4486 149.00 08/14/25 ROAD RUNNER EXTERMIN MONTHLY PEST/ RODENT CONTROL- RC 41047 4486 86.00 08/14/25 ROAD RUNNER EXTERMIN MONTHLY PEST/ RODENT CONTROL- 41048 4486 184.00 08/21/25 DAY LITE MAINTENANCE LIGHTING REPAIR ON FIELDS 12 & 13- RC 41303 4518 1,903.03 08/21/25 PROFESSIONAL PLUMBIN PLUMBING REPAIR- RC 41300 4530 2,130.00 08/14/25 SO CALIF GAS CO 7/3/25-8/4/25 REC CENTER 41004 2316231 363.28 08/14/25 SO CALIF EDISON CO 07/09/25 to 08/06/25 PARK & RIDE - RC 41055 2316227 1,747.89 08/28/25 AR INDUSTRIES REPLACE STORAGE DOORS BUILDING B 41416 2316335 5,525.00 08/28/25 PACIFIC COAST REFRIG RECREATION RESET/STARTUP BOILDER-VAV 41328 2316372 846.00 08/21/25 PROFESSIONAL PLUMBIN TOILET AND URINAL DRAIN CLEANING- RC 41302 4530 750.00 08/28/25 ROAD RUNNER EXTERMIN MONTHLY PEST/ RODENT CONTROL- RC 41463 4565 86.00 08/28/25 ROAD RUNNER EXTERMIN MONTHLY PEST/ RODENT CONTROL SPORTS 41464 4565 184.00 08/28/25 CLIMATEC, LLC QUARTERLY TSA CLIMATEC ANNUAL TSA 41417 4546 276.06 08/28/25 DUNN-EDWARDS CORPORA PAINT NEW STEEL DOORS SPORTS PARK 41468 2316355 39.86 08/28/25 DUNN-EDWARDS CORPORA PAINT SUPPLIES SPORTS PARK BUILD B DBL 41469 2316355 31.85 08/28/25 AT&T 7/22 - 8/21/25 FS#2/CY/REC PHONES 41426 2316338 209.74 TOTAL ISF GB REC CENTER 45,979.12
11180001 ISF GB SR CENTER
08/28/25 DMS FACILITY SERVICE 7/2025 MONTHLY MAINTENANCE 41332 2316354 5,489.00 08/14/25 FRONTIER COMMUNICATI 7/4 - 8/3/25 SC ELEV FIRE LINE 40948 2316190 389.57 08/14/25 REGENCY ENTERPRISES, REPLACEMENT BULB FOR BOLLARD LIGHTING- 41051 4485 81.20 08/14/25 TRICOM FIRE & ELECTR QTRLY AUTO SPRINKLER SVC- FIRE 2, CY, CH, 41054 2316238 245.00 08/14/25 REGENCY ENTERPRISES, BULB FOR BOLLARD LIGHTING- SC 41050 4485 25.03 08/14/25 REGENCY ENTERPRISES, LED REPLACEMENT BULB CASE- SC 41052 4485 145.64 08/21/25 FRONTIER COMMUNICATI 8/4 - 9/3/25 SC ELEV FIRE LINE/TECH ISOLATION 41255 2316289 541.41

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08/14/25 SO CALIF GAS CO 7/2/25-8/1/25 SENIOR CENTER 41001 2316231 241.25 08/21/25 ROAD RUNNER EXTERMIN MONTHLY PEST CONTROL- SC 41307 4533 144.00 08/28/25 CLIMATEC, LLC QUARTERLY TSA CLIMATEC ANNUAL TSA 41417 4546 276.06 TOTAL ISF GB SR CENTER 7,578.16
11180051 ISF GB R&C CAPITAL
08/21/25 GRAINGER, INC. CAPITAL WATER HEATER REPLACEMENT REC 41232 2316293 7,174.75 TOTAL ISF GB R&C CAPITAL 7,174.75
11250001 PW - FLEET MGMT
08/14/25 MAGNOLIA CAR WASH MONTHLY CAR WASH MAY 41002 2316203 335.72 08/28/25 SNAP-ON INDUSTRIAL TOOL RETURN CREDITS 40085 2316382 (483.43) 08/14/25 MAGNOLIA CAR WASH MONTHLY CAR WASH JUNE 40999 2316203 419.65 08/14/25 GRAINGER, INC. PD GENERATOR PARTS 39726 2316197 11.75 09/03/25 SC COMMERCIAL LLC FUEL #10005100 - GAS 20250710 41887 4590 1,702.78 09/03/25 SC COMMERCIAL LLC FUEL #10005100 - DIESEL 20250718 41888 4590 2,466.44 08/14/25 DEPT 143 TIRE FOR UNIT 176 41161 2316185 182.70 09/03/25 SC COMMERCIAL LLC FUEL #10005100 - GAS 20250730 41889 4590 1,534.78 08/14/25 SC FUELS (CARDS) MONTHLY FUEL CARDS LOCK JULY 40848 4488 29,621.39 08/14/25 AMAZON LABEL TAPES, MEMORY CARD 40977 4462 123.71 08/14/25 DEPT 143 TIRES FOR UNIT 271 41160 2316185 432.83 08/14/25 MAGNOLIA CAR WASH CAR WASH JULY 41167 2316203 515.57 08/14/25 FACTORY MOTOR PARTS PART FOR UNIT 220 41166 2316189 85.12 08/14/25 HOIST SERVICE INC. SHOP HOIST PART AND REPAIRS 41158 2316199 328.92 08/14/25 THEODORE ROBINS FORD PART FOR UNIT 419 41164 2316237 935.19 08/14/25 DEPT 143 TIRES FOR UNIT 237 41162 2316185 890.85 08/14/25 FACTORY MOTOR PARTS PART FOR UNIT 415 41165 2316189 40.67 08/14/25 FACTORY MOTOR PARTS PART FOR UNIT 8922 41159 2316189 381.06 08/14/25 THEODORE ROBINS FORD PART FOR UNIT 421 41163 2316237 1,005.44 08/28/25 KEN'S LOCKSMITHERY PART FOR UNIT 237 41344 2316366 32.33 08/28/25 DEPT 143 TIRE FOR UNIT 176 41347 2316351 271.45 08/28/25 RINCON TRUCK CENTER, STOCK PART 41342 2316381 684.84 08/28/25 RINCON TRUCK CENTER, STOCK PARTS 41343 2316381 63.15 08/28/25 SNAP-ON INDUSTRIAL SHOP SUPPLIES 41352 2316382 541.63 09/03/25 SC COMMERCIAL LLC FUEL #10005100 - DIESEL 20250813 41890 4590 3,998.93 09/03/25 SC COMMERCIAL LLC FUEL #10005100 - GAS 20250813 41891 4590 1,521.36 08/28/25 THEODORE ROBINS FORD UNIT 421 REPAIRS 41351 2316391 225.95 08/28/25 DEPT 143 TIRE FOR UNIT 412 41348 2316351 119.00 08/28/25 THEODORE ROBINS FORD PART FOR UNIT 287 41350 2316391 68.96 08/28/25 RINCON TRUCK CENTER, STOCK PARTS 41341 2316381 342.42 08/28/25 WILCOX SUPPLY INC SHOP PARTS 41345 2316399 114.19 08/28/25 WILCOX SUPPLY INC SHOP SUPPLY 41346 2316399 98.19 08/28/25 FACTORY MOTOR PARTS PART FOR UNIT 287 41349 2316356 192.92 TOTAL PW - FLEET MGMT 48,806.46
11270052 ISF FL PD CAPITAL
08/14/25 AIRWAVE COMMUNICATIO OUTFITTING CHEVROLET TRAILBLAZERS UNIT 41109 2316168 6,692.96 08/14/25 AIRWAVE COMMUNICATIO OUTFITTING CHEVROLET TRAILBLAZER UNIT 41110 2316168 6,692.96

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08/28/25 WINNER CHEVROLET INC PD TAHOE VIN 1GNS5UED9SR317522 UNIT # 443 41298 2316400 58,631.18 08/28/25 WINNER CHEVROLET INC PD TAHOE VIN 1GNS5UED9SR316522 UNIT # 442 41322 2316400 58,631.18 TOTAL ISF FL PD CAPITAL 130,648.28
11350053 ISF EQ PW R&C CAPITAL
08/14/25 GRAINGER, INC. TRUCK TOOLS FOR MAINTENANCE WORKERS 39225 2316197 533.67 TOTAL ISF EQ PW R&C CAPITAL 533.67
11400400 SELF INSURANCE
09/03/25 CALIF JOINT POWERS I 25/26 POLLUTION INSURANCE 40511 4589 15,794.00 TOTAL SELF INSURANCE 15,794.00
11400411 SELF INSURANCE
08/28/25 CARL WARREN & COMPAN THIRD PARTY ADMIN CLAIMS THRU 41410 2316347 1,350.00 08/28/25 CARL WARREN & COMPAN THIRD PARTY ADMIN CLAIMS THRU 41409 2316347 1,350.00 08/28/25 CARL WARREN & COMPAN THIRD PARTY ADMIN CLAIMS THRU 41408 2316347 1,350.00 08/28/25 CARL WARREN & COMPAN THIRD PARTY ADMIN CLAIMS THRU 41411 2316347 1,350.00 08/28/25 CARL WARREN & COMPAN THIRD PARTY ADMIN CLAIMS THRU 41412 2316347 1,350.00 08/28/25 CARL WARREN & COMPAN THIRD PARTY ADMIN CLAIMS THRU 41413 2316347 1,350.00 08/28/25 CARL WARREN & COMPAN THIRD PARTY ADMIN CLAIMS THRU 41414 2316347 1,350.00 08/28/25 CARL WARREN & COMPAN THIRD PARTY ADMIN CLAIMS THRU 41415 2316347 1,350.00 08/21/25 ALLIANT INSURANCE SE 25/26 CRIME INSURANCE POLICY 41200 4513 10,889.00 08/21/25 EMPLOYMENT DEVELOPME APR-JUN 2025 ACCT #932-0092-1 41063 2316288 6,213.00 08/28/25 CARL WARREN & COMPAN 24/25 ANNUAL CLAIMS - CJPIA 41489 2316347 29,875.00 TOTAL SELF INSURANCE 57,777.00
11400430 SELF INSURANCE
08/21/25 FOUNTAIN VALLEY FIRE SEPTEMBER 2025 - FVFA LTD 41183 4520 702.00 08/21/25 TRUST OF PORAC SEPT 2025 - PORAC LTD (ACCT 54541) 41186 4539 1,575.00 TOTAL SELF INSURANCE 2,277.00
11500000 ISF EMPLOYEE BENEFITS
08/21/25 LAGUISAN, ADAM SEPTEMBER 2025 ADPP PAYMENT 41324 4523 4,680.90 08/21/25 CASTEEL, BRIAN SEPTEMBER 2025 ADPP PAYMENT 41325 4517 4,622.77 TOTAL ISF EMPLOYEE BENEFITS 9,303.67
11500450 EMPLOYEE BENEFITS
08/21/25 GOMEZ, ELIZABETH TUITION REIMBURSEMENT (BCJ 245) 41064 4521 459.00 08/21/25 FASULLO, NICHOLAS TUITION REIMBURSEMENT (GED 216) 41065 4519 459.00 TOTAL EMPLOYEE BENEFITS 918.00
23030313 CDBG NEIGHBOORHOOD REVITA
08/14/25 PARTNERS PLUMBING HIP GRANT 41144 2316212 3,031.77 TOTAL CDBG NEIGHBOORHOOD REVITA 3,031.77
27090001 CRIMINAL DIVERSION
08/21/25 HORIZONS CONSTRUCTIO PP#1 FVPD BREAK ROOM IMPVMTS CON 1459 41218 4522 39,351.90 TOTAL CRIMINAL DIVERSION 39,351.90
30095300 CAPITAL IMP - FACILITIES
08/28/25 TR DESIGN GROUP INC. 7/01-11/30/24 -ARCH DESIGN PD LOCKER & RR 41368 2316393 10,784.26 08/14/25 INTERWEST CONSULTING MAY 2025 - PD LOCKER IMPROVEMENTS 41094 4476 1,460.00 08/28/25 TR DESIGN GROUP INC. 12/01/24-6/21/25 - ARCH DESIGN PD LOCKER & 41369 2316393 1,770.00 08/28/25 HORIZONS CONSTRUCTIO 03/20-05/16/25 - PP3 IT OFFICE UPGRADES 40473 4556 21,502.57

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08/21/25 ITERIS INC. THRU 6/30/25 - FIBER INSTALL DESIGN 41089 2316295 4,866.00 TOTAL CAPITAL IMP - FACILITIES 40,382.83
30095301 CAPITAL IMP - ROAD REHAB
08/28/25 DASH CONSTRUCTION CO 01/31-3/11/25 PP 5 - CITY QUADRANT C3 41448 4548 4,724.62 TOTAL CAPITAL IMP - ROAD REHAB 4,724.62
30095302 CAPITAL IMP - PAVEMENT REHAB
08/14/25 CITY OF WESTMINSTER 11/04/24-01/17/25 - REHABILITATION OF 40477 2316181 328,148.86 08/14/25 ONWARD ENGINEERING MAY 2025 - DESIGN EUCLID (SLATER TO 41149 2316209 770.00 08/14/25 ONWARD ENGINEERING MAY 2025 - DESIGN TALBERT (BUSHARD TO 41151 2316209 1,225.00 08/14/25 ONWARD ENGINEERING MAY 2025 - DESIGN NEWHOPE WARD ELLIS 41152 2316209 3,426.25 08/21/25 ONWARD ENGINEERING JUN 2025 - DESIGN EUCLID (SLATER TO 41150 2316300 7,962.50 08/21/25 ONWARD ENGINEERING JUN 2025 - DESIGN NEWHOPE WARD ELLIS 41153 2316300 5,267.50 TOTAL CAPITAL IMP - PAVEMENT REHAB 346,800.11
30095303 CAPITAL IMP - OTHER
08/14/25 AGA ENGINEERS, INC APR 2025 - SCHOOL AREA SIGNING AND 41085 2316167 1,000.00 TOTAL CAPITAL IMP - OTHER 1,000.00
40000000 FVPFA DEBT SERVICE
08/25/25 U.S. BANK, N.A. 2015A POB DBT SVC PMT P&I 41228 4542 1,238,725.00 08/21/25 THE BANK OF NEW YORK 2017 CREBS DS PMT (P&I) 41227 4537 112,237.01 TOTAL FVPFA DEBT SERVICE 1,350,962.01
50000000 WF NON-DEPARTMENTAL
08/28/25 DINH, LONG UTILITY REFUND - FINALED 7/14/25 41370 2316352 32.61 08/28/25 HENDERSON, THOMAS UTILITY REFUND - FINALED 7/30/25 41371 2316362 71.20 08/28/25 NGUYEN, TRAN UTILITY REFUND - FINALED 7/30/25 41372 2316370 145.47 08/28/25 NGUYEN, QUOC UTILITY REFUND - FINALED 7/30/25 41373 2316369 20.52 08/28/25 STILLWELL, NOBU UTILITY REFUND - FINALED 7/30/25 41374 2316389 45.68 08/28/25 DINH-NGUYEN, UYEN UTILITY REFUND - FINALED 8/4/25 41375 2316353 28.80 08/28/25 KASRAVI, ROUZBEH UTILITY REFUND - FINALED 4/2/25 41376 2316365 244.79 TOTAL WF NON-DEPARTMENTAL 589.07
50040403 WF UTILITY BILLING
08/14/25 TEMPORARY STAFFING TEMP STAFF - FINANCE 6/30-7/6/25 41130 4492 2,128.72 08/28/25 INFOSEND, INC PARTIAL JUL 2025 UTILITY BILLING PLUS 40117 2316363 2,706.00 08/14/25 TEMPORARY STAFFING TEMP STAFF - FINANCE 7/7-7/13/25 41131 4492 2,128.72 08/14/25 TEMPORARY STAFFING TEMP STAFF - FINANCE 7/14-7/20/25 41132 4492 2,128.72 08/14/25 TEMPORARY STAFFING TEMP STAFF - FINANCE 7/21-7/27/25 41133 4492 2,128.72 08/14/25 INFOSEND, INC JUL 25 RUBBISH HAULING 41129 2316200 5,329.35 08/14/25 TEMPORARY STAFFING TEMP STAFF - FINANCE 7/28-8/3/25 41134 4492 2,128.72 08/21/25 TEMPORARY STAFFING TEMP STAFF - FINANCE 8/4-8/10/25 41231 4536 2,128.72 08/21/25 TEMPORARY STAFFING TEMP STAFF - FINANCE 8/11-8/17/25 41233 4536 2,128.72 TOTAL WF UTILITY BILLING 22,936.39
50050570 WF WTR PROD. OPNS
08/21/25 TESCO CONTROLS, LLC ANNUAL SERVICE CONTRACT FOR EMASS 41170 2316314 21,750.00 08/28/25 ORANGE COUNTY WATER FY 24/25 BASIN EQUITY ASSESSMENT 41482 4563 557,539.50 08/21/25 REAL, FAVIAN WATER TREATMENT OP T-2 (CERTIFICATE) 41113 4531 80.00 08/14/25 SMARDAN SUPPLY CO. #6 DESANDER CLEANOUT 39918 4490 94.67

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08/14/25 LIFECOM GAS MONITOR 39734 2316201 80.00
08/14/25 TESCO CONTROLS, LLC TOP VIEW AUTO DIALER REPAIRS 40065 2316236 840.00 08/21/25 SMARDAN SUPPLY CO. SKID PROJECT 40066 4535 48.40 08/21/25 TESCO CONTROLS, LLC PROGRAMMING PLC AT WELL 8 40064 2316314 3,487.50 08/14/25 AMAZON COAT HOOKS, DESKTOP CALCULATOR 40792 4462 20.23 08/14/25 VERIZON WIRELESS JUN 26-JUL 25, 2025 WATER CELLS 41114 2316256 807.99 08/14/25 AMAZON ELECTRIC STAPLER, POCKET PEN HOLDERS 40795 4462 40.17 08/14/25 SHOETERIA, INC. SAFETY BOOTS-D.G. 40973 4489 234.78 08/14/25 SMARDAN SUPPLY CO. SKID PROJECT 41146 4490 30.78 08/14/25 HARRINGTON INDUSTRIA SKID PROJECT 41147 2316198 978.75 08/14/25 HARRINGTON INDUSTRIA SKID PROJECT 41148 2316198 1,270.75 08/14/25 GONZALEZ, DANIEL DMV RENEWAL-COMMERCIAL LIC.-REC FY 25/26 41008 4472 98.00 08/21/25 CHARTER COMMUNICATIO 8/1 - 8/31/25 SCADA INTERNET 41235 2316276 1,285.00 08/21/25 SMARDAN SUPPLY CO. PIPE CLEANING CLOTH 41213 4535 25.41 08/21/25 PEERLESS MATERIALS C RAGS FOR WELL SITES 41301 2316302 575.72 08/28/25 SO CALIF EDISON CO 07/03/25 to 08/04/25 RES# 2 & WELLS 41314 2316383 109,152.48 TOTAL WF WTR PROD. OPNS 698,440.13
50050571 WF DISTRIBUTION SYSTEM
08/14/25 AMAZON PROTECTANT ALCOHOL SPRAY 40810 4462 68.66 08/14/25 SHOETERIA, INC. SAFETY BOOTS FAVIAN REAL 40773 4489 247.25 08/14/25 SHOETERIA, INC. SAFETY BOOTS JOE MACIAS 40772 4489 147.89 08/28/25 INFOSEND, INC PARTIAL JUL 2025 UTILITY BILLING PLUS 40117 2316363 37.57 08/14/25 VEOLIA ENVIRONMENTAL PIPE DISPOSAL 40776 2316243 701.66 08/14/25 SMARDAN SUPPLY CO. HOSE BIB KEY 40771 4490 39.95 08/14/25 BOOT BARN INC SAFETY BOOTS-J.A. 40798 2316179 242.37 08/14/25 BOOT BARN INC SAFETY BOOTS-J.S. 40799 2316179 265.00 08/14/25 MUNICIPAL WATER DIST JUNE 2025 TURF REMOVAL & S2D 40960 2316206 312.00 08/14/25 SHOETERIA, INC. SAFETY BOOTS-L.W. 40971 4489 219.79 08/14/25 SHOETERIA, INC. SAFETY BOOTS-A.L. 40972 4489 265.00 08/14/25 OMEGA INDUSTRIAL SUP UTILITIES MAINTENANCE 40770 4482 2,863.67 08/14/25 YO FIRE DISTRIBUTION REPAIR 41078 2316258 626.40 08/14/25 ROSEBURROUGH TOOL IN DISTRIBUTION REPAIR 41080 2316223 787.87 08/14/25 INFOSEND, INC JUL 25 RUBBISH HAULING 41129 2316200 67.92 08/14/25 UNDERGROUND SERVICE UNDERGROUND SAFETY BOARD 41076 2316240 89.08 08/14/25 UNDERGROUND SERVICE DIGALERT 41077 2316240 346.00 08/14/25 AMAZON INV# 146G-D3J7-G93L SPINNING WHEEL FOR 40978 4462 27.88 08/14/25 YO FIRE HYDRANT REPAIR 41079 2316258 1,044.00
08/28/25 MUNICIPAL WATER DIST FY 2025-26 CHOICE PROGS - WUE & SCHOOLS 41359 2316367 23,862.00 TOTAL WF DISTRIBUTION SYSTEM 32,261.96
50050572 WF WTR QUAL & TREATMENT
08/14/25 BAVCO BACKFLOW APPAR ANNUAL BACKFLOW GAUGE CALIBRATIONS 41083 2316178 253.18 08/14/25 USA BLUE BOOK FLUORIDE CHEMKEY REAGENTS 41082 2316242 693.49 08/21/25 USA BLUE BOOK CL2 REAGENT STICKS 41212 2316318 405.71 08/21/25 USA BLUE BOOK CL2 TEST KIT 41211 2316318 1,107.76 08/21/25 SWEETNER PROD SALT FOR AUGUST 2025 41214 2316313 2,872.16

Page 35 ends

TOTAL WF WTR QUAL & TREATMENT 5,332.30
50050574 WF METER M & R
08/14/25 AQUA-METRIC SALES METERS AND METER PARTS 40777 2316171 3,271.21 08/21/25 AQUA-METRIC SALES AMI BASE STATION UPGRADE 41075 2316261 84,890.02 08/14/25 AQUA-METRIC SALES METERS AND METER PARTS 40780 2316171 17,502.47 08/14/25 AQUA-METRIC SALES METERS AND METER PARTS 40782 2316171 87.76 08/21/25 AQUA-METRIC SALES AMI BASE STATION UPGRADE 41074 2316261 42,125.00 08/28/25 AQUA-METRIC SALES 06/25 AMI BASE STATION UPGRADE 41354 2316334 11,250.00 TOTAL WF METER M & R 159,126.46
50095001 WATER FUND
08/21/25 BIG BEN ENGINEERING 4/01-5/31/25 MT BALDY EUCLID WATERLINE PP 4 41112 2316268 359,503.07 TOTAL WATER FUND 359,503.07
50150580 SF SEWER MAINTENANCE
08/28/25 RED WING BUSINESS AD STEEL TOE BOOTS LOREN GOMEZ 40001 2316380 206.46 08/14/25 OC SANITATION DISTRI Q4 2024/2025 FOG INSPECTIONS 41096 2316208 1,809.67 08/14/25 RED WING BUSINESS AD SAFETY BOOTS-S.K. 41128 2316216 249.08 08/14/25 RED WING BUSINESS AD SAFETY BOOTS-R.W. 41126 2316216 265.00 08/14/25 RED WING BUSINESS AD SAFETY BOOTS-B.P. 41125 2316216 249.08 08/28/25 PLUMBERS DEPOT INC. EQUIPMENT MAINTENACE-GENERATOR 41271 2316373 2,932.00 08/14/25 LIFECOM CALIBRATION OF GAS MONITOR 41115 2316202 80.00 08/28/25 PLUMBERS DEPOT INC. GENERATOR EQUIPMENT AND MAINTENANCE 41269 2316373 1,474.45 08/14/25 AMAZON IPAD AIR CASE, CORKBOARD 40981 4462 98.93 08/21/25 SO CALIF EDISON CO 07/16/25 to 08/13/25 SEWER LIFT STATION 41199 2316312 508.92 TOTAL SF SEWER MAINTENANCE 7,873.59
50195000 SEWER FUND
08/21/25 JIG CONSULTANTS 5/12-6/30/25 - SEWER REHAB & REPLACEMENT 41154 2316297 20,640.89 TOTAL SEWER FUND 20,640.89
50250590 SWF SOLID WASTE
08/14/25 WSP USA, INC 5/03-5/30/25 - TRASH ORDER IMPLEM PLAN & 41092 4495 426.25 08/14/25 REPUBLIC SERVICES, I JUL 25 RUBBISH HAULING 41045 2316220 414,895.72 TOTAL SWF SOLID WASTE 415,321.97
60030301 CUSTODIAL - BLDG SAFETY
08/21/25 OC SANITATION DISTRI JULY 2025 SEWER CONNECTION 41187 2316299 16,170.44 08/21/25 BLDG REFUND REFUND FOR OC SANITATION FEES 41188 2316269 2,242.86 TOTAL CUSTODIAL - BLDG SAFETY 18,413.30
TOTAL $5,696,344.22

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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: September 25, 2025 Members of the City Council
SUBJECT: Receive and file the quarterly Treasurer’s Report for quarter ended June 30, 2025.

Three-Year Strategic Goals
☐ Enhance the culture and environment of “A Nice Place to Live” ☐ Achieve fiscal stability by evaluating processes, and attract and retain revenue producing businesses/opportunities
☐ Attract and retain quality staff through best practices and trends ☐ Maintain, build, and modernize infrastructure to support growth and future needs of the City
☒ Not applicable

EXECUTIVE SUMMARY
California Government Code Section 53600 requires timely reporting of local agency investment portfolio and transactions to the agency’s legislative body. Accordingly, the City’s investment policy states that the City Treasurer will prepare a quarterly investment report, within 45 days after the end of the quarter, which provides full disclosure of the City’s investment activities. This item before Council is to receive and file the Treasurer’s Report for the quarter ended June 30, 2025.

DISCUSSION
The investment objectives for the City of Fountain Valley are 1) to provide safety to ensure the preservation of capital in the overall portfolio, 2) to provide sufficient liquidity for cash needs and 3) to generate a market rate of return consistent with the Investment Policy, in that order.

To achieve these objectives, the portfolio invests in high-quality fixed income securities that comply with the Investment Policy and all applicable regulations governing the funds.

The attached Treasurer’s Report ensures that the City complies with Section 53600 of the California Government Code. The City’s investment portfolio complies with the City’s Investment Policy that is approved annually by the City Council. The majority of City funds are invested with Chandler Asset Management (Chandler), Local Agency Investment Fund (LAIF), and Public Agency Retirement Services (PARS) Trust Fund. Additionally, the City holds cash assets in various bank accounts that serve as day-to-day operating funds. The current portfolio

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Treasurer’s Report – June 30, 2025
September 25, 2025

Page 2 ends

provides sufficient cash flow liquidity to meet all current and upcoming operating expenses and spending requirements.

FISCAL REVIEW
This item is for informational purposes only, there is no fiscal impact associated with receiving and filing the quarterly Treasurer’s Report.

ATTORNEY REVIEW
The Attorney for the City reviewed this staff report and concurs with the recommended action.

ALTERNATIVES
Alternative No. 1: Receive and file the quarterly Treasurer’s Report for quarter ended June 30, 2025.

Alternative No. 2: Provide alternative direction to staff.

RECOMMENDATION
Receive and file the quarterly Treasurer’s Report for quarter ended June 30, 2025.

Prepared by: Ryan Smith, Finance Director/City Treasurer Approved by: Maggie Le, City Manager
Attachment 1: Treasurer’s Report – Quarter Ended June 30, 2025 Attachment 2: Chandler Asset Management Portfolio Report – June 30, 2025 Attachment 3: LAIF Statement – June 30, 2025
Attachment 4: PARS Statement – June 30, 2025

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Type of Investment Custodian Maturity
Percent of
Portfolio Cost Value Market Value
Market
Y ield( 1)
Quarterly
Income Earned
G eneral Account - Checking Citiz ens B usiness B ank O n Demand 1.21% 2,071,424.9 1 $ $ 2,071,424.9 1 N/A N/A Ambulance Program - Checking Citiz ens B usiness B ank O n Demand 1.20% 2,052,146.48 2,052,146.48 N/A N/A Fountain Valley Housing Authority - Checking Citiz ens B usiness B ank O n Demand 0.77% 1,313,383.64 1,313,383.64 N/A N/A Successor Agency - Checking Citiz ens B usiness B ank O n Demand 0.48% 826,867.50 826,867.50 N/A N/A Asset Seiz ure Trust - Savings Citiz ens B usiness B ank O n Demand 0.05% 9 1,575.60 9 1,575.60 N/A N/A CJPIA - Liability Trust Account Wells Fargo O n Demand 0.01% 20,212.29 20,212.29 N/A N/A Athens - Workers Comp Trust Account Wells Fargo O n Demand 0.11% 181,534.17 181,534.17 N/A N/A Public Agency Retirement Services ( PARS) - Pension Trust U S B ank Varied 10.66% 18,254,139 .72 18,9 75,132.19 9 .67% 9 9 7,171.62 Public Agency Retirement Services ( PARS) - O PEB Trust U S B ank Varied 10.22% 17,49 8,79 7.84 18,327,376.22 10.13% 9 58,870.9 9 Chandler Asset Management - Investment Portfolio U S B ank 1-5 Y ears 32.23% 55,209 ,543.53 56,114,346.06 3.9 8% 476,539 .64 Local Agency Investment Fund ( LAIF) State of California O n Demand 43.06% 73,754,180.63 73,754,180.63 4.40% 760,474.53 100.0% 171,273,806.31 $ $ 173,728,179 .69 $ 3,19 3,056.78 6/30/2025
Ryan Smith Date
Finance Director/City Treasurer
City of Fountain Valley
Furthermore, I certify that sufficient investment liq uidity and anticipated revenues are available to meet the City' s budgeted expenditure req uirements for the next six months.

City of Fountain Valley
Treasurer' s Report
June 3 0, 2025
( 1) Represents average market yield for the fixed income portfolios and last 12-month return for PARS trust accounts.

I certify that this report accurately reflects all pooled investments and is in compliance with G overnment Code Section 53640-53646, as well as the investment policy of the City of Fountain Valley as approved annually by the City Council.

Ryan Smith

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MONTHLY ACCOUNT STATEMENT
City of Fountain Valley | Account #10295 | As of June 30, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:

US Bank

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PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (05/01/15)
City of Fountain Valley 0.78% 1.52% 3.68% 6.36% 5.52% 3.77% 1.35% 1.84% 1.81% Benchmark Return 0.74% 1.36% 3.39% 6.06% 5.11% 3.24% 0.92% 1.51% 1.50% Average Modified Duration 2.55
Average Coupon 3.54%
Average Purchase YTM 3.93%
Average Market YTM 3.98%
Average Credit Quality* AA
Average Final Maturity 2.91
Average Life 2.60
End Values as of
05/31/2025
End Values as of
06/30/2025
Market Value 55,679,146.33 56,115,615.27
Accrued Interest 441,495.92 439,348.01
Total Market Value 56,120,642.25 56,554,963.28
Income Earned 108,505.17 212,780.26
Cont/WD 0.00 50.00
Par 55,962,961.25 56,096,912.92
Book Value 55,062,242.01 55,210,857.27
Cost Value 55,062,242.01 55,210,857.27
Government of The United States 52.39%
Federal Home Loan Banks 3.88%
Inter-American Development Bank 3.40%
Federal Home Loan Mortgage Corp 2.51%
International Bank for Recon and Dev 2.48%
Toyota Motor Corporation 2.28%
FNMA 2.01%
FHLMC 1.49%
**Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark:
*The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

Page 41 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 1.5 Compliant
Max % Issuer (MV) 25.0 1.5 Compliant
Max Maturity (Years) 5.0 2.9 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 3.7 Compliant
Max % Issuer (MV) 5.0 0.8 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant

COLLATERALIZED BANK DEPOSITS
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 25.8 Compliant
Max % Issuer (MV) 5.0 2.3 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

Page 42 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 9.4 Compliant
Max % Issuer (MV) 25.0 3.9 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 3 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.9 Compliant
Max % Issuer (MV) 20.0 0.9 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

Page 43 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 6.3 Compliant
Max % Issuer (MV) 10.0 3.4 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 52.4 Compliant
Max Maturity (Years) 5 4 Compliant

Page 44 ends

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Book Value 55,062,242.01 53,932,496.54
Maturities/Calls (875,000.00) (2,225,000.00)
Principal Paydowns (78,783.56) (1,968,053.49)
Purchases 2,413,450.18 22,264,518.57
Sales (1,248,851.98) (16,395,135.75)
Change in Cash, Payables, Receivables (51,970.96) (51,723.29) Amortization/Accretion 0.00 0.00
Realized Gain (Loss) (10,228.41) (346,245.30)
Ending Book Value 55,210,857.27 55,210,857.27
Month to Date Fiscal Year to Date
(07/01/2024)
Beginning Market Value 55,679,146.33 52,862,315.79
Maturities/Calls (875,000.00) (2,225,000.00)
Principal Paydowns (78,783.56) (1,968,053.49)
Purchases 2,413,450.18 22,264,518.57
Sales (1,248,851.98) (16,395,135.75)
Change in Cash, Payables, Receivables (51,970.96) (51,723.29) Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 287,853.67 1,974,938.74 Realized Gain (Loss) (10,228.41) (346,245.30)
Ending Market Value 56,115,615.27 56,115,615.27
Maturities / Calls
Month to Date (875,000.00)
Fiscal Year to Date (2,225,000.00)
Principal Paydowns
Month to Date (78,783.56)
Fiscal Year to Date (1,968,053.49)
Purchases
Month to Date 2,413,450.18
Fiscal Year to Date 22,264,518.57
Sales
Month to Date (1,248,851.98)
Fiscal Year to Date (16,395,135.75)
Interest Received
Month to Date 219,834.79
Fiscal Year to Date 1,763,993.17
Purchased / Sold Interest
Month to Date (4,906.62)
Fiscal Year to Date (38,603.77)

Page 45 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026 14,069.61 02/15/20221.88%
14,067.49
14,067.49

99.80 4.77%
14,041.11

11.76 0.03%
(26.38)
Aaa/AAA
NA

0.87 0.07
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 13,090.50 05/10/20223.21%
13,089.82
13,089.82

99.82 4.56%
13,066.87

7.00 0.02%
(22.96)
Aaa/AAA
NA

1.15 0.14
47787JAC2 JDOT 2022 A3 2.32 09/15/2026 18,119.66 03/10/2022

2.33%
18,115.65
18,115.65

99.72 4.16%
18,068.12

18.68 0.03%
(47.53)
Aaa/NA
AAA

1.21 0.15
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026 22,746.11 04/07/2022

2.93%
22,745.58
22,745.58

99.75 4.58%
22,689.30

29.62 0.04%
(56.28)
Aaa/AAA
NA

1.21 0.15
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 277.24 10/13/20210.68%
277.24
277.24

99.84 4.51%
276.81

0.08 0.00%
(0.43)
Aaa/AAA
NA

1.21 0.04
448977AD0 HART 2022-A A3 2.22
10/15/2026 8,156.10 03/09/20222.22%
8,155.79
8,155.79

99.83 4.49%
8,142.50

8.05 0.01%
(13.29)
NA/AAA
AAA

1.29 0.07
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 2,925.01 01/11/20221.26%
2,924.76
2,924.76

99.86 4.72%
2,920.87

1.54 0.01%
(3.89)
NA/AAA
AAA

1.38 0.04
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027 27,234.78 04/05/20223.10%
27,229.09
27,229.09

99.65 4.83%
27,140.72

35.18 0.05%
(88.37)
Aaa/AAA
NA

1.63 0.20
47800AAC4 JDOT 2022-B A3 3.74
02/16/2027 54,362.48 07/12/20223.74%
54,357.28
54,357.28

99.68 4.66%
54,186.50

90.36 0.10%
(170.78)
Aaa/NA
AAA

1.63 0.36
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027 171,177.52 11/15/20225.21%
171,143.66
171,143.66
100.31

4.55%
171,706.84
396.37

0.31%
563.18
Aaa/AAA
NA

2.13 0.43
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 60,193.39 07/11/20235.47%
60,182.72
60,182.72
100.59

4.49%
60,551.10

54.88 0.11%
368.38
NA/AAA
AAA

2.66 0.57
477920AC6 JDOT 2023-B A3 5.18
03/15/2028 122,391.53 06/21/2023

5.18%
122,371.11
122,371.11
100.53

4.46%
123,045.35
281.77

0.22%
674.23
Aaa/NA
AAA

2.71 0.68
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 175,000.00 11/01/2023

5.74%
174,969.18
174,969.18
101.07

4.39%
176,866.38
275.63

0.32%
1,897.20
Aaa/NA
AAA

2.98 0.78
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 460,000.00 09/07/2023

5.23%
459,872.49
459,872.49
101.16

4.21%
465,316.17
1,054.93

0.83%
5,443.68
NA/AAA
AAA

3.21 1.14
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 325,000.00 11/19/2024

4.61%
324,989.57
324,989.57
101.00

4.08%
328,252.41
665.89

0.58%
3,262.84
Aaa/NA
AAA

4.13 1.73
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 265,000.00 03/04/2025

4.23%
264,983.33
264,983.33
100.25

4.16%
265,654.44
498.20

0.47%
671.11
Aaa/NA
AAA

4.22 2.18
44935CAD3 HART 2025-A A3 4.32
10/15/2029 335,000.00 03/04/2025

4.32%
334,950.59
334,950.59
100.39

4.16%
336,293.97
643.20

0.60%
1,343.38
NA/AAA
AAA

4.29 1.98

Page 46 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total ABS 2,074,743.94 4.74%
2,074,425.35
2,074,425.35
100.65

4.27%
2,088,219.44
4,073.13

3.72%
13,794.08

3.36 1.30
AGENCY
3137EAEU9

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025
875,000.00 --

0.45%
871,885.30
871,885.30

99.78 4.31%
873,090.28
1,458.33

1.56%
1,204.98
Aa1/AA+
AA+

0.06 0.06
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 560,000.00 08/25/20200.47% 557,379.20
557,379.20

99.39 4.48%
556,567.77
735.00

0.99%
(811.43)
Aa1/AA+
AA+

0.15 0.15
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
540,000.00 09/23/2020

0.44%
538,374.60
538,374.60

99.09 4.41%
535,079.83
551.25

0.95%
(3,294.77)
Aa1/AA+
AA+

0.23 0.23
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 580,000.00 11/09/20200.57%
577,923.60
577,923.60

98.68 4.32%
572,344.85
435.00

1.02%
(5,578.75)
Aa1/AA+
AA+

0.36 0.34
3130ATUC9 FEDERAL HOME LOAN BANKS 4.5
12/12/2025 800,000.00 02/08/20234.21%
806,032.00
806,032.00
100.06

4.34%
800,517.25
1,900.00

1.43%
(5,514.75)
Aa1/AA+
AA+

0.45 0.44
3130AWMN7 FEDERAL HOME LOAN BANKS

4.375 06/09/2028 550,000.00 07/26/20234.27%
552,475.00
552,475.00
101.84

3.71%
560,093.28
1,470.49

1.00%
7,618.28
Aa1/AA+
AA+

2.94 2.73
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028 800,000.00 --4.71%
788,265.00
788,265.00
101.97

3.71%
815,727.58
10,986.11

1.45%
27,462.58
Aa1/AA+
AA+

3.19 2.92
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 550,000.00 05/21/20244.47% 556,715.50
556,715.50
102.95

3.91%
566,248.51
4,426.74

1.01%
9,533.01
Aa1/AA+
AA+

3.83 3.46
Total Agency 5,255,000.00 2.53%
5,249,050.20
5,249,050.20
100.49

4.15%
5,279,669.34
21,962.92

9.41%
30,619.14

1.37 1.26

AGENCY CMBS
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 840,000.00 05/24/2023

4.65%
824,578.13
824,578.13

99.43 4.00%
835,240.56
2,695.00

1.49%
10,662.43
Aa1/AA+
AAA

2.90 2.62
Total Agency CMBS 840,000.00 4.65%
824,578.13
824,578.13

99.43 4.00%
835,240.56
2,695.00

1.49%
10,662.43

2.90 2.62
CASH
CCYUSD Receivable 1,313.71 -- 1,313.71
1,313.71

1.00 0.00%
1,313.71

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,313.71
1,313.71
1,313.71

1.00 0.00%
1,313.71

0.00 0.00%

0.00 0.00

0.00

Page 47 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration

CORPORATE
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 465,000.00 06/15/20211.13%
464,795.40
464,795.40

97.05 4.28%
451,299.10
188.91

0.80%
(13,496.30)
A1/A+
A+

0.97 0.94
931142ER0 WALMART INC 1.05 09/17/2026 110,000.00 09/08/2021

1.09%
109,792.10
109,792.10

96.64 3.91%
106,309.16
333.67

0.19%
(3,482.94)
Aa2/AA
AA

1.22 1.18
87612EBM7 TARGET CORP 1.95 01/15/2027 250,000.00 01/19/2022

1.99%
249,575.00
249,575.00

96.86 4.08%
242,148.77
2,247.92

0.43%
(7,426.23)
A2/A
A

1.54 1.48
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 400,000.00 03/07/20222.30%
399,924.00
399,924.00

97.49 3.83%
389,962.63
2,708.89

0.69%
(9,961.37)
Aa2/AA
A+

1.71 1.64
023135CF1 AMAZON.COM INC 3.3
04/13/2027 300,000.00 04/25/20223.34%
299,481.00
299,481.00

98.90 3.95%
296,687.43
2,145.00

0.53%
(2,793.57)
A1/AA
AA1.791.70
74340XBN0 PROLOGIS LP 2.125 04/15/2027 550,000.00 11/09/2022

5.16%
484,709.50
484,709.50

96.65 4.09%
531,548.75
2,467.36

0.95%
46,839.25
A2/A
NA

1.79 1.72
61772BAB9 MORGAN STANLEY 1.593
05/04/2027 550,000.00 --4.99%
491,295.70
491,295.70

97.59 4.95%
536,718.11
1,387.24

0.96%
45,422.41
A1/AA+1.84

0.82 927804GH1 VIRGINIA ELECTRIC AND POWER
CO 3.75 05/15/2027 115,000.00 05/16/20223.82%
114,641.20
114,641.20

99.27 4.16%
114,159.27
551.04

0.20%
(481.93)
A3/BBB+
A

1.87 1.78
14913R3A3 CATERPILLAR FINANCIAL
SERVICES CORP 3.6 08/12/2027 330,000.00 08/22/20223.81% 326,841.90
326,841.90

99.01 4.09%
326,738.82
4,587.00

0.58%
(103.08)
A2/A
A+

2.12 1.99
931142EX7 WALMART INC 3.95 09/09/2027 250,000.00 --

3.98%
249,702.50
249,702.50
100.09

3.91%
250,218.05
3,072.22

0.45%
515.55
Aa2/AA
AA

2.19 1.98
89115A2M3 TORONTO-DOMINION BANK

5.156 01/10/2028 550,000.00 06/28/20235.27%
547,470.00
547,470.00
102.04

4.29%
561,232.27
13,470.05

1.00%
13,762.27
A2/AAA2.53

2.30 756109AU8 REALTY INCOME CORP 3.65
01/15/2028 525,000.00 05/17/2023

4.84%
499,275.00
499,275.00

98.77 4.17%
518,538.22
8,836.04

0.92%
19,263.22
A3/ANA2.54

2.36 06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 400,000.00 04/10/2023

5.53%
382,596.00
382,596.00

99.13 5.07%
396,513.94
6,840.71

0.71%
13,917.94
A1/AAA2.56

1.46 06406RAB3 BANK OF NEW YORK MELLON
CORP 3.442 02/07/2028 700,000.00 10/12/2023

6.04%
650,293.00
650,293.00

98.88 4.72%
692,132.32
9,637.60

1.23%
41,839.32
Aa3/A
AA2.611.52
79466LAF1 SALESFORCE INC 3.7 04/11/2028 700,000.00 10/05/2023

5.20%
658,350.00
658,350.00

99.31 3.96%
695,160.84
5,755.56

1.24%
36,810.84
A1/A+
NA

2.78 2.59
74456QBU9 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.7 05/01/2028 450,000.00 09/06/2023

5.10%
424,255.50
424,255.50

99.12 4.03%
446,045.32
2,775.00

0.79%
21,789.82
A1/A
NA

2.84 2.65
037833ET3 APPLE INC 4.0 05/10/2028 95,000.00 05/08/2023

4.04%
94,816.65
94,816.65
100.35

3.87%
95,335.07
538.33

0.17%
518.42
Aaa/AA+
NA

2.86 2.59

Page 48 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
023135BY1 AMAZON.COM INC 1.65
05/12/2028 450,000.00 10/12/20235.14%
386,653.50
386,653.50

93.91 3.92%
422,579.70
1,010.63

0.75%
35,926.20
A1/AA
AA2.872.75
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028 500,000.00 08/17/20235.33%
495,595.00
495,595.00
102.03

4.40%
510,146.41
12,385.42

0.91%
14,551.41
A3/AA

3.02 2.71
24422EXB0 JOHN DEERE CAPITAL CORP 4.95
07/14/2028 650,000.00 10/12/20235.29%
640,913.00
640,913.00
102.45

4.08%
665,953.68
14,925.63

1.19%
25,040.68
A1/A
A+

3.04 2.74
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 550,000.00 08/04/20235.68%
541,799.50
541,799.50
101.04

4.96%
555,733.70
11,561.55

0.99%
13,934.20
A1/A
AA3.071.91
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 500,000.00 09/07/20235.53%
493,010.00
493,010.00
102.87

4.20%
514,355.64
10,833.33

0.92%
21,345.64
A1/A
AA3.092.77
89236TLB9 TOYOTA MOTOR CREDIT CORP

5.25 09/11/2028 800,000.00 10/12/20235.45%
792,984.00
792,984.00
103.18

4.17%
825,434.08
12,833.33

1.47%
32,450.08
A1/A+
A+

3.20 2.88
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 675,000.00 01/24/20244.64%
673,899.75
673,899.75
101.37

4.18%
684,230.83
13,023.75

1.22%
10,331.08
A1/A+
NA

3.59 3.22
14913UAJ9 CATERPILLAR FINANCIAL
SERVICES CORP 4.85 02/27/2029 300,000.00 07/26/2024

4.56%
303,522.00
303,522.00
102.30

4.16%
306,914.38
5,011.67

0.55%
3,392.38
A2/A
A+

3.66 3.28
61747YFD2 MORGAN STANLEY 5.164
04/20/2029 200,000.00 08/26/20244.53%
204,174.00
204,174.00
101.96

4.80%
203,920.03
2,036.91

0.36%
(253.97)
A1/AA+3.80

2.57 91159HJM3 US BANCORP 5.775 06/12/2029 550,000.00 06/20/2024

5.26%
559,955.00
559,955.00
103.84

4.85%
571,125.18
1,676.35

1.02%
11,170.18
A3/A
A

3.95 2.69
437076DC3 HOME DEPOT INC 4.75
06/25/2029 235,000.00 06/17/20244.90%
233,484.25
233,484.25
102.07

4.18%
239,872.17
186.04

0.43%
6,387.92
A2/A
A

3.99 3.53
06051GHM4 BANK OF AMERICA CORP 4.271
07/23/2029 200,000.00 08/22/20244.61%
197,582.00
197,582.00

99.67 4.73%
199,341.18
3,748.99

0.36%
1,759.18
A1/AAA4.06

2.79 46647PAX4 JPMORGAN CHASE & CO 4.452
12/05/2029 225,000.00 12/09/20244.72%
222,830.99
222,830.99
100.19

4.71%
225,422.17
723.45

0.40%
2,591.18
A1/A
AA4.433.14
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
670,000.00 --

4.88%
671,754.90
671,754.90
102.28

4.40%
685,301.77
13,266.00

1.22%
13,546.87
A2/NA
A

4.61 3.94
571748CA8

MARSH & MCLENNAN
COMPANIES INC 4.65
03/15/2030
650,000.00 03/18/2025

4.72%
647,907.00
647,907.00
101.13

4.38%
657,330.73
8,899.58

1.17%
9,423.73
A3/AA4.71

4.07 857477DB6 STATE STREET CORP 4.834
04/24/2030 550,000.00 06/11/20254.63%
554,823.50
554,823.50
101.85

4.40%
560,202.48
4,948.14

1.00%
5,378.98
Aa3/A
AA4.824.16
Total Corporate 14,445,000.00 4.75%
14,068,702.84
14,068,702.84
100.29

4.33%
14,478,612.19
184,613.30

25.80%
409,909.35

3.01 2.52

Page 49 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 490,855.27 --

3.96%
490,855.27
490,855.27

1.00 3.96%
490,855.27

0.00 0.87%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 490,855.27 3.96%
490,855.27
490,855.27

1.00 3.96%
490,855.27

0.00 0.87%

0.00 0.00

0.00 SUPRANATIONAL
4581X0DN5

INTER-AMERICAN
DEVELOPMENT BANK 0.625
07/15/2025
335,000.00 01/13/2021

0.53%
336,457.25
336,457.25

99.85 4.43%
334,503.32
965.45

0.60%
(1,953.93)
Aaa/AAA
NA

0.04 0.04
459058JL8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 0.5 10/28/2025
900,000.00 --

0.51%
899,717.55
899,717.55

98.74 4.43%
888,658.39
787.50

1.58%
(11,059.16)
Aaa/AAA
NA

0.33 0.32
4581X0DV7

INTER-AMERICAN
DEVELOPMENT BANK 0.875
04/20/2026
890,000.00 04/13/2021

0.97%
885,923.80
885,923.80

97.47 4.11%
867,458.16
1,535.87

1.55%
(18,465.64)
Aaa/AAA
NA

0.80 0.78
45950KDD9 INTERNATIONAL FINANCE CORP

4.5 07/13/2028 240,000.00 07/06/20234.53%
239,733.60
239,733.60
102.12

3.75%
245,083.52
5,040.00

0.44%
5,349.92
Aaa/AAA
NA

3.04 2.76
4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
700,000.00 02/15/2024

4.31%
694,246.00
694,246.00
101.10

3.80%
707,671.85
10,908.33

1.26%
13,425.85
Aaa/AAA
NA

3.63 3.29
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
500,000.00 12/17/2024

4.36%
489,585.00
489,585.00
100.24

3.81%
501,175.29
4,036.46

0.89%
11,590.29
Aaa/AAA
NA

4.30 3.89
Total
Supranational 3,565,000.00 2.20%
3,545,663.20
3,545,663.20

99.45 4.09%
3,544,550.53
23,273.61

6.32%
(1,112.67)

1.83 1.67

US TREASURY
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 700,000.00 --

0.87%
696,019.54
696,019.54

96.38 3.96%
674,652.34
1,754.76

1.20%
(21,367.20)
Aa1/AA+
AA+

1.17 1.14
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 1,000,000.00 --

1.26%
993,398.44
993,398.44

96.43 3.90%
964,335.94
1,895.38

1.72%
(29,062.50)
Aa1/AA+
AA+

1.34 1.30

Page 50 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027 500,000.00 03/30/20222.46%
478,320.31
478,320.31

96.46 3.83%
482,285.16
3,128.45

0.86%
3,964.85
Aa1/AA+
AA+

1.59 1.53
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 650,000.00 09/27/20224.26%
603,636.72
603,636.72

97.86 3.77%
636,111.33
4,084.70

1.13%
32,474.61
Aa1/AA+
AA+

1.75 1.68
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 650,000.00 06/13/20223.44%
630,068.36
630,068.36

98.23 3.76%
638,472.65
3,011.55

1.14%
8,404.29
Aa1/AA+
AA+

1.83 1.76
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 650,000.00 07/12/20223.00%
657,566.41
657,566.41

99.11 3.72%
644,185.55

57.40 1.15%
(13,380.86)
Aa1/AA+
AA+

2.00 1.91
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 450,000.00 09/08/20223.36%
445,095.70
445,095.70

98.77 3.72%
444,462.89
4,700.24

0.79%
(632.81)
Aa1/AA+
AA+

2.17 2.05
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 600,000.00 10/28/20224.20%
598,125.00
598,125.00
100.91

3.70%
605,460.94
6,221.31

1.08%
7,335.94
Aa1/AA+
AA+

2.25 2.11
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 1,050,000.00 --3.75%
1,067,035.16
1,067,035.16
100.91

3.71%
1,059,597.65
7,297.21

1.89%
(7,437.51)
Aa1/AA+
AA+

2.34 2.19
91282CLX7 UNITED STATES TREASURY 4.125
11/15/2027 625,000.00 04/28/20253.76%
630,493.16
630,493.16
100.93

3.71%
630,786.13
3,292.71

1.12%
292.97
Aa1/AA+
AA+

2.38 2.23
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 525,000.00 01/26/20233.62%
531,029.30
531,029.30
100.42

3.70%
527,214.84

55.28 0.94%
(3,814.46)
Aa1/AA+
AA+

2.50 2.36
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 700,000.00 12/11/20234.37%
677,113.28
677,113.28

99.49 3.71%
696,445.32
10,219.61

1.24%
19,332.04
Aa1/AA+
AA+

2.59 2.41
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 600,000.00 03/08/20234.37%
557,320.31
557,320.31

97.62 3.71%
585,726.56
6,198.90

1.04%
28,406.25
Aa1/AA+
AA+

2.63 2.48
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 850,000.00 --3.63%
849,814.46
849,814.46

99.83 3.69%
848,539.06
7,745.22

1.51%
(1,275.40)
Aa1/AA+
AA+

2.75 2.57
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 800,000.00 05/19/20233.72%
792,281.25
792,281.25

99.46 3.70%
795,656.25
4,717.39

1.42%
3,375.00
Aa1/AA+
AA+

2.84 2.66
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 875,000.00 --4.24%
852,414.06
852,414.06

99.79 3.70%
873,154.29
2,686.56

1.56%
20,740.23
Aa1/AA+
AA+

2.92 2.73
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 850,000.00 10/13/20234.67%
826,259.77
826,259.77
100.86

3.69%
857,304.69

92.39 1.53%
31,044.92
Aa1/AA+
AA+

3.00 2.80
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 800,000.00 10/13/20234.67%
781,375.00
781,375.00
101.21

3.71%
809,656.25
13,765.19

1.44%
28,281.25
Aa1/AA+
AA+

3.08 2.83
91282CCV1 UNITED STATES TREASURY 1.125
08/31/2028 950,000.00 --4.69%
802,849.61
802,849.61

92.34 3.71%
877,191.41
3,572.18

1.56%
74,341.80
Aa1/AA+
AA+

3.17 3.05
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 850,000.00 10/05/20234.69%
847,542.97
847,542.97
102.77

3.71%
873,541.01
9,881.83

1.56%
25,998.04
Aa1/AA+
AA+

3.25 2.97

Page 51 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 650,000.00 11/17/20234.49%
610,720.70
610,720.70

98.13 3.72%
637,863.28
2,594.26

1.14%
27,142.58
Aa1/AA+
AA+

3.38 3.15
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 650,000.00 01/17/20244.02%
642,052.73
642,052.73
100.09

3.72%
650,583.99

66.24 1.16%
8,531.26
Aa1/AA+
AA+

3.50 3.25
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 750,000.00 02/26/20244.31%
739,599.61
739,599.61
100.90

3.73%
756,767.58
12,513.81

1.35%
17,167.97
Aa1/AA+
AA+

3.59 3.26
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 800,000.00 --4.30%
798,457.03
798,457.03
101.76

3.73%
814,093.75
11,364.13

1.45%
15,636.72
Aa1/AA+
AA+

3.67 3.33
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 850,000.00 --4.61%
832,064.45
832,064.45
101.35

3.73%
861,488.28
8,813.52

1.54%
29,423.83
Aa1/AA+
AA+

3.75 3.42
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 800,000.00 --4.63%
799,640.62
799,640.62
103.13

3.74%
825,000.00
6,233.70

1.47%
25,359.38
Aa1/AA+
AA+

3.83 3.47
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 600,000.00 06/26/20244.33%
604,406.25
604,406.25
102.73

3.74%
616,359.37
2,286.89

1.10%
11,953.12
Aa1/AA+
AA+

3.92 3.56
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 950,000.00 --3.71%
972,701.17
972,701.17
101.86

3.74%
967,664.06
109.71

1.72%
(5,037.11)
Aa1/AA+
AA+

4.00 3.65
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 950,000.00 --3.90%
954,156.26
954,156.26
100.93

3.75%
958,869.14
15,850.83

1.71%
4,712.88
Aa1/AA+
AA+

4.08 3.68
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 1,200,000.00 --3.74%
1,167,544.92
1,167,544.92

97.59 3.76%
1,171,031.26
12,533.97

2.09%
3,486.34
Aa1/AA+
AA+

4.17 3.82
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 1,200,000.00 --3.75%
1,186,796.88
1,186,796.88

98.99 3.76%
1,187,906.26
10,557.38

2.12%
1,109.38
Aa1/AA+
AA+

4.25 3.88
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 1,050,000.00 --4.24%
1,044,560.54
1,044,560.54
101.43

3.76%
1,065,011.72
7,297.21

1.90%
20,451.18
Aa1/AA+
AA+

4.34 3.91
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 1,100,000.00 --4.34%
1,089,496.10
1,089,496.10
101.47

3.76%
1,116,156.80
3,843.24

1.99%
26,660.70
Aa1/AA+
AA+

4.42 4.00
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 1,100,000.00 --4.41%
1,098,230.47
1,098,230.47
102.48

3.77%
1,127,285.16
130.77

2.01%
29,054.69
Aa1/AA+
AA+

4.50 4.06
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 750,000.00 04/15/20253.98%
750,732.42
750,732.42
100.93

3.78%
756,972.66
7,540.98

1.35%
6,240.24
Aa1/AA+
AA+

4.75 4.25
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 650,000.00 05/28/20254.07%
644,287.11
644,287.11
100.39

3.78%
652,539.06
4,243.55

1.16%
8,251.95
Aa1/AA+
AA+

4.83 4.34
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 700,000.00 06/23/20253.90%
703,062.50
703,062.50
100.97

3.78%
706,781.60
2,371.58

1.26%
3,719.10
Aa1/AA+
AA+

4.92 4.42
Total US Treasury 29,425,000.00 3.91%
28,956,268.57
28,956,268.57

99.96 3.75%
29,397,154.23
202,730.05

52.39%
440,885.66

3.29 3.03

Page 52 ends

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Portfolio 56,096,912.92 3.93%
55,210,857.27
55,210,857.27

99.21 3.98%
56,115,615.27
439,348.01
100.00%
904,758.00

2.91 2.55
Total Market Value
+ Accrued 56,554,963.28

Page 53 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/02/2025 31846V203 52,046.88 FIRST AMER:GVT OBLG Y 1.000 3.94% (52,046.88) 0.00 (52,046.88) 0.00 Purchase 06/03/2025 31846V203 1,237.79 FIRST AMER:GVT OBLG Y 1.000 3.93% (1,237.79) 0.00 (1,237.79) 0.00 Purchase 06/05/2025 31846V203 5,008.50 FIRST AMER:GVT OBLG Y 1.000 3.90% (5,008.50) 0.00 (5,008.50) 0.00 Purchase 06/06/2025 31846V203 50.00 FIRST AMER:GVT OBLG Y 1.000 3.89% (50.00) 0.00 (50.00) 0.00 Purchase 06/09/2025 31846V203 12,031.25 FIRST AMER:GVT OBLG Y 1.000 3.89% (12,031.25) 0.00 (12,031.25) 0.00 Purchase 06/12/2025 857477DB6 550,000.00 STATE STREET CORP 4.834 04/24/2030 100.877 4.63% (554,823.50) (3,544.93) (558,368.43) 0.00 Purchase 06/12/2025 31846V203 15,881.25 FIRST AMER:GVT OBLG Y 1.000 3.89% (15,881.25) 0.00 (15,881.25) 0.00 Purchase 06/16/2025 31846V203 60,429.47 FIRST AMER:GVT OBLG Y 1.000 3.89% (60,429.47) 0.00 (60,429.47) 0.00 Purchase 06/16/2025 31846V203 15,319.16 FIRST AMER:GVT OBLG Y 1.000 3.89% (15,319.16) 0.00 (15,319.16) 0.00 Purchase 06/17/2025 31846V203 877,187.50 FIRST AMER:GVT OBLG Y 1.000 3.91% (877,187.50) 0.00 (877,187.50) 0.00 Purchase 06/18/2025 31846V203 2,615.63 FIRST AMER:GVT OBLG Y 1.000 3.91% (2,615.63) 0.00 (2,615.63) 0.00 Purchase 06/23/2025 31846V203 826.88 FIRST AMER:GVT OBLG Y 1.000 3.89% (826.88) 0.00 (826.88) 0.00 Purchase 06/24/2025 91282CNG2 700,000.00 UNITED STATES TREASURY

4.0 05/31/2030 100.438 3.90% (703,062.50) (1,836.07) (704,898.57) 0.00 Purchase 06/25/2025 31846V203 2,695.00 FIRST AMER:GVT OBLG Y 1.000 (2,695.00) 0.00 (2,695.00) 0.00 Purchase 06/25/2025 31846V203 16,062.99 FIRST AMER:GVT OBLG Y 1.000 (16,062.99) 0.00 (16,062.99) 0.00 Purchase 06/30/2025 31846V203 94,171.88 FIRST AMER:GVT OBLG Y 1.000 3.96% (94,171.88) 0.00 (94,171.88) 0.00 Total Purchase 2,405,564.18 (2,413,450.18) (5,381.00) (2,418,831.18) 0.00 TOTAL
ACQUISITIONS 2,405,564.18 (2,413,450.18) (5,381.00) (2,418,831.18) 0.00

DISPOSITIONS
Maturity 06/17/2025 3135G04Z3 (875,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 06/17/2025
100.000 0.52% 875,000.00 0.00 875,000.00 909.45
Total Maturity (875,000.00) 875,000.00 0.00 875,000.00 909.45 Sale 06/05/2025 31846V203 (4,059.36) FIRST AMER:GVT OBLG Y 1.000 3.90% 4,059.36 0.00 4,059.36 0.00 Sale 06/12/2025 31846V203 (6,900.05) FIRST AMER:GVT OBLG Y 1.000 3.89% 6,900.05 0.00 6,900.05 0.00 Sale 06/12/2025 91324PEC2 (550,000.00) UNITEDHEALTH GROUP INC 1.15 05/15/2026 96.908 1.40% 532,994.00 (474.38) 533,468.38 (11,148.55)

Page 54 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 06/24/2025 31846V203 (704,898.57) FIRST AMER:GVT OBLG Y 1.000 3.89% 704,898.57 0.00 704,898.57 0.00 Total Sale (1,265,857.98) 1,248,851.98 (474.38) 1,249,326.36 (11,148.55) TOTAL
DISPOSITIONS (2,140,857.98) 2,123,851.98 (474.38) 2,124,326.36 (10,239.10) OTHER

TRANSACTIONS
Cash Transfer 06/06/2025 CCYUSD 50.00 Cash 0.00% 50.00 0.00 50.00 0.00 Total Cash
Transfer 50.00 50.00 0.00 50.00 0.00
Coupon 06/01/2025 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.65% 2,695.00 0.00 2,695.00 0.00
Coupon 06/05/2025 46647PAX4 0.00 JPMORGAN CHASE & CO

4.452 12/05/2029 4.72% 5,008.50 0.00 5,008.50 0.00
Coupon 06/09/2025 3130AWMN7 0.00 FEDERAL HOME LOAN
BANKS 4.375 06/09/2028 4.27% 12,031.25 0.00 12,031.25 0.00 Coupon 06/12/2025 91159HJM3 0.00 US BANCORP 5.775
06/12/2029 5.26% 15,881.25 0.00 15,881.25 0.00
Coupon 06/12/2025 3130ATUC9 0.00 FEDERAL HOME LOAN
BANKS 4.5 12/12/2025 4.21% 18,000.00 0.00 18,000.00 0.00 Coupon 06/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 1,978.00 0.00 1,978.00 0.00
Coupon 06/15/2025 58768PAC8 0.00 MBART 2022-1 A3 5.21
08/16/2027 5.21% 823.61 0.00 823.61 0.00
Coupon 06/15/2025 477920AC6 0.00 JDOT 2023-B A3 5.18
03/15/2028 5.18% 556.51 0.00 556.51 0.00
Coupon 06/15/2025 34535VAD6 0.00 FORDO 2024-D A3 4.61
08/15/2029 4.61% 1,248.54 0.00 1,248.54 0.00
Coupon 06/15/2025 44935CAD3 0.00 HART 2025-A A3 4.32
10/15/2029 4.32% 1,206.00 0.00 1,206.00 0.00
Coupon 06/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 4.23% 934.13 0.00 934.13 0.00

Page 55 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 06/15/2025 47800AAC4 0.00 JDOT 2022-B A3 3.74
02/16/2027 3.74% 190.89 0.00 190.89 0.00
Coupon 06/15/2025 89238FAD5 0.00 TAOT 2022-B A3 2.93
09/15/2026 2.93% 70.30 0.00 70.30 0.00
Coupon 06/15/2025 47787JAC2 0.00 JDOT 2022 A3 2.32
09/15/2026 2.33% 42.88 0.00 42.88 0.00
Coupon 06/15/2025 448977AD0 0.00 HART 2022-A A3 2.22
10/15/2026 2.22% 24.34 0.00 24.34 0.00
Coupon 06/15/2025 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.88% 36.00 0.00 36.00 0.00
Coupon 06/16/2025 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.10% 84.86 0.00 84.86 0.00
Coupon 06/16/2025 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.26% 6.72 0.00 6.72 0.00
Coupon 06/16/2025 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 2.14 0.00 2.14 0.00
Coupon 06/17/2025 3135G04Z3 0.00

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 06/17/2025

0.52% 2,187.50 0.00 2,187.50 0.00
Coupon 06/18/2025 89236TJK2 0.00 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026 1.13% 2,615.63 0.00 2,615.63 0.00 Coupon 06/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 826.88 0.00 826.88 0.00
Coupon 06/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 296.83 0.00 296.83 0.00
Coupon 06/25/2025 437076DC3 0.00 HOME DEPOT INC 4.75
06/25/2029 4.90% 5,581.25 0.00 5,581.25 0.00
Coupon 06/25/2025 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 49.23 0.00 49.23 0.00
Coupon 06/30/2025 91282CHK0 0.00 UNITED STATES TREASURY

4.0 06/30/2028 4.67% 17,000.00 0.00 17,000.00 0.00
Coupon 06/30/2025 91282CMD0 0.00 UNITED STATES TREASURY

4.375 12/31/2029 4.41% 24,062.50 0.00 24,062.50 0.00

Page 56 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 06/30/2025 91282CJR3 0.00 UNITED STATES TREASURY

3.75 12/31/2028 4.02% 12,187.50 0.00 12,187.50 0.00
Coupon 06/30/2025 91282CKX8 0.00 UNITED STATES TREASURY

4.25 06/30/2029 3.71% 20,187.50 0.00 20,187.50 0.00
Coupon 06/30/2025 91282CGC9 0.00 UNITED STATES TREASURY

3.875 12/31/2027 3.62% 10,171.88 0.00 10,171.88 0.00
Coupon 06/30/2025 91282CEW7 0.00 UNITED STATES TREASURY

3.25 06/30/2027 3.00% 10,562.50 0.00 10,562.50 0.00
Total Coupon 0.00 166,550.12 0.00 166,550.12 0.00
Custody Fee 06/25/2025 CCYUSD (104.17) Cash 0.00% (104.17) 0.00 (104.17) 0.00 Total Custody Fee (104.17) (104.17) 0.00 (104.17) 0.00
Management Fee 06/05/2025 CCYUSD (4,059.36) Cash 0.00% (4,059.36) 0.00 (4,059.36) 0.00 Total
Management Fee (4,059.36) (4,059.36) 0.00 (4,059.36) 0.00 Principal Paydown 06/15/2025 58768PAC8 18,521.23 MBART 2022-1 A3 5.21 08/16/2027 5.21% 18,521.23 -- 18,521.23 3.67
Principal Paydown 06/15/2025 477920AC6 6,528.99 JDOT 2023-B A3 5.18 03/15/2028 5.18% 6,528.99 -- 6,528.99 1.09
Principal Paydown 06/15/2025 47800AAC4 6,886.97 JDOT 2022-B A3 3.74 02/16/2027 3.74% 6,886.97 -- 6,886.97 0.66
Principal Paydown 06/15/2025 89238FAD5 6,044.36 TAOT 2022-B A3 2.93 09/15/2026 2.93% 6,044.36 -- 6,044.36 0.14
Principal Paydown 06/15/2025 47787JAC2 4,061.51 JDOT 2022 A3 2.32 09/15/2026 2.33% 4,061.51 -- 4,061.51 0.90
Principal Paydown 06/15/2025 448977AD0 4,998.71 HART 2022-A A3 2.22 10/15/2026 2.22% 4,998.71 -- 4,998.71 0.19
Principal Paydown 06/15/2025 43815BAC4 8,910.85 HAROT 2022-1 A3 1.88 05/15/2026 1.88% 8,910.85 -- 8,910.85 1.34
Principal Paydown 06/16/2025 362585AC5 5,613.28 GMCAR 2022-2 A3 3.1 02/16/2027 3.10% 5,613.28 -- 5,613.28 1.17
Principal Paydown 06/16/2025 380146AC4 3,473.59 GMCAR 2022-1 A3 1.26 11/16/2026 1.26% 3,473.59 -- 3,473.59 0.30

Page 57 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 06/16/2025 362554AC1 3,504.22 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 3,504.22 -- 3,504.22 0.08
Principal Paydown 06/25/2025 05592XAD2 4,925.38 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 4,925.38 -- 4,925.38 0.87
Principal Paydown 06/25/2025 05602RAD3 5,314.47 BMWOT 2022-A A3 3.21 08/25/2026 3.21% 5,314.47 -- 5,314.47 0.28
Total Principal
Paydown 78,783.56 78,783.56 -- 78,783.56 10.69

TOTAL OTHER
TRANSACTIONS 74,670.03 241,220.15 0.00 241,220.15 10.69

Page 58 ends

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
490,855.27
51,149.07
1,155,564.18
(715,857.98)
490,855.27

0.00 1,237.79

0.00 0.00

0.00 1,237.79
1,237.79
CCYUSD Receivable
1,313.71
53,284.67

0.00 0.00
1,313.71

0.00 0.00

0.00 Total Cash & Equivalents 492,168.98
104,433.74
1,155,564.18
(715,857.98)
492,168.98

0.00 1,237.79

0.00 0.00

0.00 1,237.79 1,237.79

FIXED INCOME
023135BY1 AMAZON.COM INC 1.65
05/12/2028
10/12/2023
10/16/2023
450,000.00
386,653.50

0.00 0.00
386,653.50
391.88

0.00 1,010.63
618.75

0.00 0.00

0.00 618.75
618.75
023135CF1 AMAZON.COM INC 3.3
04/13/2027
04/25/2022
04/27/2022
300,000.00
299,481.00

0.00 0.00
299,481.00
1,320.00

0.00 2,145.00
825.00

0.00 0.00

0.00 825.00
825.00
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028
08/17/2023
08/21/2023
500,000.00
495,595.00

0.00 0.00
495,595.00
10,250.00

0.00 12,385.42
2,135.42

0.00 0.00

0.00 2,135.42
2,135.42
037833ET3 APPLE INC 4.0 05/10/2028
05/08/2023
05/10/2023
95,000.00
94,816.65

0.00 0.00
94,816.65
221.67

0.00 538.33
316.67

0.00 0.00

0.00 316.67
316.67
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
60,193.39
65,107.23

0.00 (4,924.51)
60,182.72

59.37 296.83

54.88 292.34

0.00 0.00

0.00 292.34
292.34

Page 59 ends

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
13,090.50
18,404.02

0.00 (5,314.19)
13,089.82

9.85 49.23

7.00 46.39

0.00 0.00

0.00 46.39

46.39 06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
04/10/2023
04/12/2023
400,000.00
382,596.00

0.00 0.00
382,596.00
5,566.04

0.00 6,840.71
1,274.67

0.00 0.00

0.00 1,274.67
1,274.67
06051GHM4

BANK OF AMERICA CORP

4.271 07/23/2029
08/22/2024
08/23/2024
200,000.00
197,582.00

0.00 0.00
197,582.00
3,037.16

0.00 3,748.99
711.83

0.00 0.00

0.00 711.83
711.83
06406RAB3

BANK OF NEW YORK MELLON
CORP 3.442 02/07/2028
10/12/2023
10/16/2023
700,000.00
650,293.00

0.00 0.00
650,293.00
7,629.77

0.00 9,637.60
2,007.83

0.00 0.00

0.00 2,007.83
2,007.83
084664CZ2

BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027
03/07/2022
03/15/2022
400,000.00
399,924.00

0.00 0.00
399,924.00
1,942.22

0.00 2,708.89
766.67

0.00 0.00

0.00 766.67
766.67
14913R3A3

CATERPILLAR FINANCIAL
SERVICES CORP 3.6
08/12/2027
08/22/2022
08/24/2022
330,000.00
326,841.90

0.00 0.00
326,841.90
3,597.00

0.00 4,587.00
990.00

0.00 0.00

0.00 990.00
990.00
14913UAJ9

CATERPILLAR FINANCIAL
SERVICES CORP 4.85
02/27/2029
07/26/2024
07/29/2024
300,000.00
303,522.00

0.00 0.00
303,522.00
3,799.17

0.00 5,011.67
1,212.50

0.00 0.00

0.00 1,212.50
1,212.50
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
460,000.00
459,872.49

0.00 0.00
459,872.49
1,054.93
1,978.00
1,054.93
1,978.00

0.00 0.00

0.00 1,978.00
1,978.00
24422EXB0 JOHN DEERE CAPITAL CORP

4.95 07/14/2028
10/12/2023
10/16/2023
650,000.00
640,913.00

0.00 0.00
640,913.00
12,244.38

0.00 14,925.63
2,681.25

0.00 0.00

0.00 2,681.25
2,681.25

Page 60 ends

4.5 12/12/2025
02/08/2023
02/09/2023
800,000.00
806,032.00

0.00 0.00
806,032.00
16,900.00
18,000.00
1,900.00
3,000.00

0.00 0.00

0.00 3,000.00
3,000.00
3130AWMN7 FEDERAL HOME LOAN BANKS

4.375 06/09/2028
07/26/2023
07/27/2023
550,000.00
552,475.00

0.00 0.00
552,475.00
11,496.53
12,031.25
1,470.49
2,005.21

0.00 0.00

0.00 2,005.21
2,005.21
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028 800,000.00
788,265.00

0.00 0.00
788,265.00
8,069.44

0.00 10,986.11
2,916.67

0.00 0.00

0.00 2,916.67
2,916.67
3133ERDH1
FEDERAL FARM CREDIT BANKS FUNDING CORP 4.75
04/30/2029
05/21/2024
05/22/2024
550,000.00
556,715.50

0.00 0.00
556,715.50
2,249.65

0.00 4,426.74
2,177.08

0.00 0.00

0.00 2,177.08
2,177.08
3135G04Z3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
06/17/2025 0.00
874,090.55

0.00 (874,090.55)

0.00 1,993.06
2,187.50

0.00 194.44

0.00 0.00

0.00 194.44
194.44
3135G05X7

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 08/25/2025
08/25/2020
08/27/2020
560,000.00
557,379.20

0.00 0.00
557,379.20
560.00

0.00 735.00
175.00

0.00 0.00

0.00 175.00
175.00
3135G06G3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
11/07/2025
11/09/2020
11/12/2020
580,000.00
577,923.60

0.00 0.00
577,923.60
193.33

0.00 435.00
241.67

0.00 0.00

0.00 241.67
241.67
3137EAEU9

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025 875,000.00
871,885.30

0.00 0.00
871,885.30
1,184.90

0.00 1,458.33
273.44

0.00 0.00

0.00 273.44
273.44
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
09/23/2020
09/25/2020
540,000.00
538,374.60

0.00 0.00
538,374.60
382.50

0.00 551.25
168.75

0.00 0.00

0.00 168.75
168.75

Page 61 ends

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028
05/24/2023
05/30/2023
840,000.00
824,578.13

0.00 0.00
824,578.13
2,695.00
2,695.00
2,695.00
2,695.00

0.00 0.00

0.00 2,695.00
2,695.00
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029
11/19/2024
11/22/2024
325,000.00
324,989.57

0.00 0.00
324,989.57
665.89
1,248.54
665.89
1,248.54

0.00 0.00

0.00 1,248.54
1,248.54
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026
10/13/2021
10/21/2021
277.24
3,781.37

0.00 (3,504.14)
277.24

1.07 2.14

0.08 1.15

0.00 0.00

0.00 1.15

1.15 362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027
04/05/2022
04/13/2022
27,234.78
32,841.20

0.00 (5,612.11)
27,229.09

42.43 84.86

35.18 77.61

0.00 0.00

0.00 77.61

77.61 380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026
01/11/2022
01/19/2022
2,925.01
6,398.05

0.00 (3,473.29)
2,924.76

3.36 6.72

1.54 4.90

0.00 0.00

0.00 4.90

4.90 437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/17/2024
06/25/2024
235,000.00
233,484.25

0.00 0.00
233,484.25
4,837.08
5,581.25
186.04
930.21

0.00 0.00

0.00 930.21
930.21
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
175,000.00
174,969.18

0.00 0.00
174,969.18
275.63
826.88
275.63
826.88

0.00 0.00

0.00 826.88
826.88
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026
02/15/2022
02/23/2022
14,069.61
22,977.00

0.00 (8,909.51)
14,067.49

19.20 36.00

11.76 28.55

0.00 0.00

0.00 28.55

28.55 448977AD0 HART 2022-A A3 2.22
10/15/2026
03/09/2022
03/16/2022
8,156.10
13,154.31

0.00 (4,998.52)
8,155.79

12.98 24.34

8.05 19.41

0.00 0.00

0.00 19.41

19.41

Page 62 ends

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
335,000.00
334,950.59

0.00 0.00
334,950.59
643.20
1,206.00
643.20
1,206.00

0.00 0.00

0.00 1,206.00
1,206.00
4581X0DN5

INTER-AMERICAN
DEVELOPMENT BANK 0.625
07/15/2025
01/13/2021
01/15/2021
335,000.00
336,457.25

0.00 0.00
336,457.25
790.97

0.00 965.45
174.48

0.00 0.00

0.00 174.48
174.48
4581X0DV7

INTER-AMERICAN
DEVELOPMENT BANK 0.875
04/20/2026
04/13/2021
04/20/2021
890,000.00
885,923.80

0.00 0.00
885,923.80
886.91

0.00 1,535.87
648.96

0.00 0.00

0.00 648.96
648.96
4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
02/15/2024
02/20/2024
700,000.00
694,246.00

0.00 0.00
694,246.00
8,502.08

0.00 10,908.33
2,406.25

0.00 0.00

0.00 2,406.25
2,406.25
459058JL8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 0.5 10/28/2025 900,000.00
899,717.55

0.00 0.00
899,717.55
412.50

0.00 787.50
375.00

0.00 0.00

0.00 375.00
375.00
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
12/17/2024
12/18/2024
500,000.00
489,585.00

0.00 0.00
489,585.00
2,421.88

0.00 4,036.46
1,614.58

0.00 0.00

0.00 1,614.58
1,614.58
45950KDD9 INTERNATIONAL FINANCE
CORP 4.5 07/13/2028
07/06/2023
07/13/2023
240,000.00
239,733.60

0.00 0.00
239,733.60
4,140.00

0.00 5,040.00
900.00

0.00 0.00

0.00 900.00
900.00
46647PAX4 JPMORGAN CHASE & CO

4.452 12/05/2029
12/09/2024
12/10/2024
225,000.00
222,830.99

0.00 0.00
222,830.99
4,897.20
5,008.50
723.45
834.75

0.00 0.00

0.00 834.75
834.75
46647PDG8 JPMORGAN CHASE & CO

4.851 07/25/2028
08/04/2023
08/08/2023
550,000.00
541,799.50

0.00 0.00
541,799.50
9,338.18

0.00 11,561.55
2,223.38

0.00 0.00

0.00 2,223.38
2,223.38

Page 63 ends

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47787JAC2 JDOT 2022 A3 2.32
09/15/2026
03/10/2022
03/16/2022
18,119.66
22,176.26

0.00 (4,060.61)
18,115.65

22.87 42.88

18.68 38.69

0.00 0.00

0.00 38.69

38.69 477920AC6 JDOT 2023-B A3 5.18
03/15/2028
06/21/2023
06/28/2023
122,391.53
128,899.02

0.00 (6,527.90)
122,371.11
296.80
556.51
281.77
541.48

0.00 0.00

0.00 541.48
541.48
47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022
54,362.48
61,243.59

0.00 (6,886.31)
54,357.28
101.81
190.89

90.36 179.44

0.00 0.00

0.00 179.44
179.44
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
265,000.00
264,983.33

0.00 0.00
264,983.33
498.20
934.13
498.20
934.13

0.00 0.00

0.00 934.13
934.13
571748CA8
MARSH & MCLENNAN COMPANIES INC 4.65
03/15/2030
03/18/2025
03/19/2025
650,000.00
647,907.00

0.00 0.00
647,907.00
6,380.83

0.00 8,899.58
2,518.75

0.00 0.00

0.00 2,518.75
2,518.75
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027
11/15/2022
11/22/2022
171,177.52
189,661.23

0.00 (18,517.56)
171,143.66
439.26
823.61
396.37
780.72

0.00 0.00

0.00 780.72
780.72
61747YFD2 MORGAN STANLEY 5.164
04/20/2029
08/26/2024
08/27/2024
200,000.00
204,174.00

0.00 0.00
204,174.00
1,176.24

0.00 2,036.91
860.67

0.00 0.00

0.00 860.67
860.67
61772BAB9 MORGAN STANLEY 1.593
05/04/2027 550,000.00
491,295.70

0.00 0.00
491,295.70
657.11

0.00 1,387.24
730.13

0.00 0.00

0.00 730.13
730.13
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030 670,000.00
671,754.90

0.00 0.00
671,754.90
10,502.25

0.00 13,266.00
2,763.75

0.00 0.00

0.00 2,763.75
2,763.75

Page 64 ends

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
01/24/2024
01/31/2024
675,000.00
673,899.75

0.00 0.00
673,899.75
10,436.25

0.00 13,023.75
2,587.50

0.00 0.00

0.00 2,587.50
2,587.50
74340XBN0 PROLOGIS LP 2.125
04/15/2027
11/09/2022
11/14/2022
550,000.00
484,709.50

0.00 0.00
484,709.50
1,493.40

0.00 2,467.36
973.96

0.00 0.00

0.00 973.96
973.96
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
09/06/2023
09/08/2023
450,000.00
424,255.50

0.00 0.00
424,255.50
1,387.50

0.00 2,775.00
1,387.50

0.00 0.00

0.00 1,387.50
1,387.50
756109AU8 REALTY INCOME CORP 3.65
01/15/2028
05/17/2023
05/19/2023
525,000.00
499,275.00

0.00 0.00
499,275.00
7,239.17

0.00 8,836.04
1,596.88

0.00 0.00

0.00 1,596.88
1,596.88
78016HZS2
ROYAL BANK OF CANADA 5.2
08/01/2028
09/07/2023
09/11/2023
500,000.00
493,010.00

0.00 0.00
493,010.00
8,666.67

0.00 10,833.33
2,166.67

0.00 0.00

0.00 2,166.67
2,166.67
79466LAF1
SALESFORCE INC 3.7
04/11/2028
10/05/2023
10/10/2023
700,000.00
658,350.00

0.00 0.00
658,350.00
3,597.22

0.00 5,755.56
2,158.33

0.00 0.00

0.00 2,158.33
2,158.33
857477DB6
STATE STREET CORP 4.834
04/24/2030
06/11/2025
06/12/2025
550,000.00

0.00 554,823.50

0.00 (3,544.93)
4,948.14
1,403.21

0.00 0.00

0.00 1,403.21
1,403.21
87612EBM7 TARGET CORP 1.95
01/15/2027
01/19/2022
01/24/2022
250,000.00
249,575.00

0.00 0.00
249,575.00
1,841.67

0.00 2,247.92
406.25

0.00 0.00

0.00 406.25
406.25
89115A2M3

TORONTO-DOMINION BANK

5.156 01/10/2028
06/28/2023
06/30/2023
550,000.00
547,470.00

0.00 0.00
547,470.00
11,106.88

0.00 13,470.05
2,363.17

0.00 0.00

0.00 2,363.17
2,363.17

Page 65 ends

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
89236TJK2 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026
06/15/2021
06/18/2021
465,000.00
464,795.40

0.00 0.00
464,795.40
2,368.59
2,615.63
188.91
435.94

0.00 0.00

0.00 435.94
435.94
89236TLB9 TOYOTA MOTOR CREDIT
CORP 5.25 09/11/2028
10/12/2023
10/16/2023
800,000.00
792,984.00

0.00 0.00
792,984.00
9,333.33

0.00 12,833.33
3,500.00

0.00 0.00

0.00 3,500.00
3,500.00
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026
04/07/2022
04/13/2022
22,746.11
28,789.80

0.00 (6,044.22)
22,745.58

37.49 70.30

29.62 62.43

0.00 0.00

0.00 62.43

62.43 91159HJM3 US BANCORP 5.775
06/12/2029
06/20/2024
06/21/2024
550,000.00
559,955.00

0.00 0.00
559,955.00
14,910.73
15,881.25
1,676.35
2,646.88

0.00 0.00

0.00 2,646.88
2,646.88
9128283W8 UNITED S

TATES TREASURY

2.75 02/15/2028
03/08/2023
03/09/2023
600,000.00
557,320.31

0.00 0.00
557,320.31
4,831.49

0.00 6,198.90
1,367.40

0.00 0.00

0.00 1,367.40
1,367.40
9128285M8 UNITED S

TATES TREASURY

3.125 11/15/2028
11/17/2023
11/20/2023
650,000.00
610,720.70

0.00 0.00
610,720.70
938.35

0.00 2,594.26
1,655.91

0.00 0.00

0.00 1,655.91
1,655.91
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027
03/30/2022
03/31/2022
500,000.00
478,320.31

0.00 0.00
478,320.31
2,506.91

0.00 3,128.45
621.55

0.00 0.00

0.00 621.55
621.55
91282CCV1 UNITED STATES TREASURY

1.125 08/31/2028 950,000.00
802,849.61

0.00 0.00
802,849.61
2,700.92

0.00 3,572.18
871.26

0.00 0.00

0.00 871.26
871.26
91282CCW9 UNITED S

TATES TREASURY

0.75 08/31/2026 700,000.00
696,019.54

0.00 0.00
696,019.54
1,326.77

0.00 1,754.76
427.99

0.00 0.00

0.00 427.99
427.99

Page 66 ends

1.125 10/31/2026 1,000,000.00
993,398.44

0.00 0.00
993,398.44
978.26

0.00 1,895.38
917.12

0.00 0.00

0.00 917.12
917.12
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
09/27/2022
09/28/2022
650,000.00
603,636.72

0.00 0.00
603,636.72
2,752.73

0.00 4,084.70
1,331.97

0.00 0.00

0.00 1,331.97
1,331.97
91282CEN7 UNITED STATES TREASURY

2.75 04/30/2027
06/13/2022
06/14/2022
650,000.00
630,068.36

0.00 0.00
630,068.36
1,554.35

0.00 3,011.55
1,457.20

0.00 0.00

0.00 1,457.20
1,457.20
91282CEW7 UNITED STATES TREASURY

3.25 06/30/2027
07/12/2022
07/13/2022
650,000.00
657,566.41

0.00 0.00
657,566.41
8,870.17
10,562.50

57.40 1,749.74

0.00 0.00

0.00 1,749.74
1,749.74
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027
09/08/2022
09/09/2022
450,000.00
445,095.70

0.00 0.00
445,095.70
3,553.84

0.00 4,700.24
1,146.40

0.00 0.00

0.00 1,146.40
1,146.40
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029 1,200,000.00
1,167,544.92

0.00 0.00
1,167,544.92
9,476.90

0.00 12,533.97
3,057.07

0.00 0.00

0.00 3,057.07
3,057.07
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
10/28/2022
10/31/2022
600,000.00
598,125.00

0.00 0.00
598,125.00
4,192.62

0.00 6,221.31
2,028.69

0.00 0.00

0.00 2,028.69
2,028.69
91282CFU0 UNITED STATES TREASURY

4.125 10/31/2027 1,050,000.00
1,067,035.16

0.00 0.00
1,067,035.16
3,766.30

0.00 7,297.21
3,530.91

0.00 0.00

0.00 3,530.91
3,530.91
91282CGC9 UNITED STATES TREASURY

3.875 12/31/2027
01/26/2023
01/27/2023
525,000.00
531,029.30

0.00 0.00
531,029.30
8,542.13
10,171.88

55.28 1,685.03

0.00 0.00

0.00 1,685.03
1,685.03

Page 67 ends

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028
12/11/2023
12/12/2023
700,000.00
677,113.28

0.00 0.00
677,113.28
8,189.23

0.00 10,219.61
2,030.39

0.00 0.00

0.00 2,030.39
2,030.39
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028 850,000.00
849,814.46

0.00 0.00
849,814.46
5,219.60

0.00 7,745.22
2,525.61

0.00 0.00

0.00 2,525.61
2,525.61
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028
05/19/2023
05/22/2023
800,000.00
792,281.25

0.00 0.00
792,281.25
2,434.78

0.00 4,717.39
2,282.61

0.00 0.00

0.00 2,282.61
2,282.61
91282CHE4 UNITED S

TATES TREASURY

3.625 05/31/2028 875,000.00
852,414.06

0.00 0.00
852,414.06

86.66 15,859.38
2,686.56
18,459.28

0.00 0.00

0.00 18,459.28
18,459.28
91282CHK0 UNITED S
TATES TREASURY 4.0
06/30/2028
10/13/2023
10/16/2023
850,000.00
826,259.77

0.00 0.00
826,259.77
14,276.24
17,000.00

92.39 2,816.15

0.00 0.00

0.00 2,816.15
2,816.15
91282CHQ7 UNITED S

TATES TREASURY

4.125 07/31/2028
10/13/2023
10/16/2023
800,000.00
781,375.00

0.00 0.00
781,375.00
11,030.39

0.00 13,765.19
2,734.81

0.00 0.00

0.00 2,734.81
2,734.81
91282CJA0 UNITED STATES TREASURY

4.625 09/30/2028
10/05/2023
10/06/2023
850,000.00
847,542.97

0.00 0.00
847,542.97
6,659.49

0.00 9,881.83
3,222.34

0.00 0.00

0.00 3,222.34
3,222.34
91282CJR3 UNITED STATES TREASURY

3.75 12/31/2028
01/17/2024
01/18/2024
650,000.00
642,052.73

0.00 0.00
642,052.73
10,234.81
12,187.50

66.24 2,018.93

0.00 0.00

0.00 2,018.93
2,018.93
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
02/26/2024
02/27/2024
750,000.00
739,599.61

0.00 0.00
739,599.61
10,027.62

0.00 12,513.81
2,486.19

0.00 0.00

0.00 2,486.19
2,486.19

Page 68 ends

4.25 02/28/2029 800,000.00
798,457.03

0.00 0.00
798,457.03
8,592.39

0.00 11,364.13
2,771.74

0.00 0.00

0.00 2,771.74
2,771.74
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029 850,000.00
832,064.45

0.00 0.00
832,064.45
5,939.55

0.00 8,813.52
2,873.98

0.00 0.00

0.00 2,873.98
2,873.98
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 800,000.00
799,640.62

0.00 0.00
799,640.62
3,217.39

0.00 6,233.70
3,016.30

0.00 0.00

0.00 3,016.30
3,016.30
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/26/2024
06/27/2024
600,000.00
604,406.25

0.00 0.00
604,406.25

73.77 13,500.00
2,286.89
15,713.11

0.00 0.00

0.00 15,713.11
15,713.11
91282CKX8 UNITED STATES TREASURY

4.25 06/30/2029 950,000.00
972,701.17

0.00 0.00
972,701.17
16,953.04
20,187.50
109.71
3,344.18

0.00 0.00

0.00 3,344.18
3,344.18
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 950,000.00
954,156.26

0.00 0.00
954,156.26
12,701.66

0.00 15,850.83
3,149.17

0.00 0.00

0.00 3,149.17
3,149.17
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 1,200,000.00
1,186,796.88

0.00 0.00
1,186,796.88
7,114.75

0.00 10,557.38
3,442.62

0.00 0.00

0.00 3,442.62
3,442.62
91282CLR0 UNITED STATES TREASURY

4.125 10/31/2029 1,050,000.00
1,044,560.54

0.00 0.00
1,044,560.54
3,766.30

0.00 7,297.21
3,530.91

0.00 0.00

0.00 3,530.91
3,530.91
91282CLX7 UNITED STATES TREASURY

4.125 11/15/2027
04/28/2025
04/29/2025
625,000.00
630,493.16

0.00 0.00
630,493.16
1,190.98

0.00 3,292.71
2,101.73

0.00 0.00

0.00 2,101.73
2,101.73

Page 69 ends

4.125 11/30/2029 1,100,000.00
1,089,496.10

0.00 0.00
1,089,496.10
123.98
22,687.50
3,843.24
26,406.76

0.00 0.00

0.00 26,406.76
26,406.76
91282CMD0 UNITED STATES TREASURY

4.375 12/31/2029 1,100,000.00
1,098,230.47

0.00 0.00
1,098,230.47
20,207.18
24,062.50
130.77
3,986.09

0.00 0.00

0.00 3,986.09
3,986.09
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030
04/15/2025
04/16/2025
750,000.00
750,732.42

0.00 0.00
750,732.42
5,081.97

0.00 7,540.98
2,459.02

0.00 0.00

0.00 2,459.02
2,459.02
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
05/28/2025
05/29/2025
650,000.00
644,287.11

0.00 0.00
644,287.11
2,190.22

0.00 4,243.55
2,053.33

0.00 0.00

0.00 2,053.33
2,053.33
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030
06/23/2025
06/24/2025
700,000.00

0.00 703,062.50

0.00 (1,836.07)
2,371.58
535.51

0.00 0.00

0.00 535.51
535.51
91324PEC2 UNITEDHEALTH GROUP INC

1.15 05/15/2026 0.00
544,142.55

0.00 (544,142.55)

0.00 281.11
474.38

0.00 193.27

0.00 0.00

0.00 193.27
193.27
927804GH1 VIRGINIA ELECTRIC AND
POWER CO 3.75 05/15/2027
05/16/2022
05/31/2022
115,000.00
114,641.20

0.00 0.00
114,641.20
191.67

0.00 551.04
359.38

0.00 0.00

0.00 359.38
359.38
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
110,000.00
109,792.10

0.00 0.00
109,792.10
237.42

0.00 333.67

96.25 0.00

0.00 0.00

96.25 96.25
931142EX7 WALMART INC 3.95
09/09/2027 09/09/2022
250,000.00
249,702.50

0.00 0.00
249,702.50
2,249.31

0.00 3,072.22
822.92

0.00 0.00

0.00 822.92
822.92

Page 70 ends

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
Total Fixed Income 55,604,743.94
54,957,808.27
1,257,886.00
(1,497,005.97)
54,718,688.29
441,495.92
213,690.38
439,348.01
211,542.47

0.00 0.00

0.00 211,542.47 211,542.47
TOTAL PORTFOLIO 56,096,912.92
55,062,242.01
2,413,450.18
(2,212,863.95)
55,210,857.27
441,495.92
214,928.17
439,348.01
212,780.26

0.00 0.00

0.00 212,780.26 212,780.26

Page 71 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JUNE 2025
06/30/2025 Coupon 91282CEW7 0.00 UNITED STATES TREASURY 3.25 06/30/2027 10,562.50 10,562.50 06/30/2025 Coupon 91282CJR3 0.00 UNITED STATES TREASURY 3.75 12/31/2028 12,187.50 12,187.50 06/30/2025 Coupon 91282CGC9 0.00 UNITED STATES TREASURY 3.875 12/31/2027 10,171.88 10,171.88 06/30/2025 Coupon 91282CHK0 0.00 UNITED STATES TREASURY 4.0 06/30/2028 17,000.00 17,000.00 06/30/2025 Coupon 91282CKX8 0.00 UNITED STATES TREASURY 4.25 06/30/2029 20,187.50 20,187.50 06/30/2025 Coupon 91282CMD0 0.00 UNITED STATES TREASURY 4.375 12/31/2029 24,062.50 24,062.50 June 2025 Total 94,171.88 94,171.88
JULY 2025
07/01/2025 Dividend 31846V203 490,855.27 FIRST AMER:GVT OBLG Y 1,313.71 1,313.71 07/07/2025 Coupon 02665WEM9 500,000.00 AMERICAN HONDA FINANCE CORP 5.125 07/07/2028 12,812.50 12,812.50
07/10/2025 Coupon 89115A2M3 550,000.00 TORONTO-DOMINION BANK 5.156 01/10/2028 14,179.00 14,179.00 07/14/2025 Coupon 24422EXB0 650,000.00 JOHN DEERE CAPITAL CORP 4.95 07/14/2028 16,087.50 16,087.50 07/14/2025 Coupon 45950KDD9 240,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 5,400.00 5,400.00
07/15/2025 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 07/15/2025 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 07/15/2025 Coupon 43815BAC4 14,069.61 HAROT 2022-1 A3 1.88 05/15/2026 22.04 22.04 07/15/2025 Principal Paydown 43815BAC4 14,069.61 HAROT 2022-1 A3 1.88 05/15/2026 8,150.28 8,150.28 07/15/2025 Coupon 448977AD0 8,156.10 HART 2022-A A3 2.22 10/15/2026 15.50 15.50 07/15/2025 Principal Paydown 448977AD0 8,156.10 HART 2022-A A3 2.22 10/15/2026 4,684.55 4,684.55 07/15/2025 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 07/15/2025 Coupon 4581X0DN5 335,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.625 07/15/2025 1,046.88 1,046.88
07/15/2025 Final Maturity 4581X0DN5 335,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.625 07/15/2025 335,000.00 335,000.00
07/15/2025 Coupon 47787JAC2 18,119.66 JDOT 2022 A3 2.32 09/15/2026 35.35 35.35 07/15/2025 Principal Paydown 47787JAC2 18,119.66 JDOT 2022 A3 2.32 09/15/2026 5,312.65 5,312.65 07/15/2025 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 532.52 532.52 07/15/2025 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 6,705.18 6,705.18 07/15/2025 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 169.43 169.43

Page 72 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2025 Principal Paydown 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 5,108.58 5,108.58 07/15/2025 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 07/15/2025 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 755.92 755.92 07/15/2025 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 15,216.08 15,216.08 07/15/2025 Coupon 756109AU8 525,000.00 REALTY INCOME CORP 3.65 01/15/2028 9,581.25 9,581.25 07/15/2025 Coupon 87612EBM7 250,000.00 TARGET CORP 1.95 01/15/2027 2,437.50 2,437.50 07/15/2025 Coupon 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 55.58 55.58 07/15/2025 Principal Paydown 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 5,902.74 5,902.74 07/16/2025 Coupon 362554AC1 277.24 GMCAR 2021-4 A3 0.68 09/16/2026 2.52 2.52 07/16/2025 Principal Paydown 362554AC1 277.24 GMCAR 2021-4 A3 0.68 09/16/2026 3,177.65 3,177.65 07/16/2025 Coupon 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 74.05 74.05 07/16/2025 Principal Paydown 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 5,175.41 5,175.41 07/16/2025 Coupon 380146AC4 2,925.01 GMCAR 2022-1 A3 1.26 11/16/2026 4.67 4.67 07/16/2025 Principal Paydown 380146AC4 2,925.01 GMCAR 2022-1 A3 1.26 11/16/2026 3,153.93 3,153.93 07/21/2025 Coupon 06051GGF0 400,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 7,648.00 7,648.00 07/21/2025 Coupon 3137EAEU9 875,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 1,640.63 1,640.63
07/21/2025 Final Maturity 3137EAEU9 875,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 875,000.00 875,000.00
07/21/2025 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 826.88 826.88 07/23/2025 Coupon 06051GHM4 200,000.00 BANK OF AMERICA CORP 4.271 07/23/2029 4,271.00 4,271.00 07/25/2025 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 274.38 274.38 07/25/2025 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 4,356.19 4,356.19 07/25/2025 Coupon 05602RAD3 13,090.50 BMWOT 2022-A A3 3.21 08/25/2026 35.02 35.02 07/25/2025 Principal Paydown 05602RAD3 13,090.50 BMWOT 2022-A A3 3.21 08/25/2026 4,845.16 4,845.16 07/25/2025 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 07/25/2025 Coupon 46647PDG8 550,000.00 JPMORGAN CHASE & CO 4.851 07/25/2028 13,340.25 13,340.25 07/31/2025 Coupon 69371RS80 675,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 15,525.00 15,525.00 07/31/2025 Coupon 912828Z78 500,000.00 UNITED STATES TREASURY 1.5 01/31/2027 3,750.00 3,750.00 07/31/2025 Coupon 91282CGH8 700,000.00 UNITED STATES TREASURY 3.5 01/31/2028 12,250.00 12,250.00 07/31/2025 Coupon 91282CHQ7 800,000.00 UNITED STATES TREASURY 4.125 07/31/2028 16,500.00 16,500.00 07/31/2025 Coupon 91282CJW2 750,000.00 UNITED STATES TREASURY 4.0 01/31/2029 15,000.00 15,000.00

Page 73 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/31/2025 Coupon 91282CLC3 950,000.00 UNITED STATES TREASURY 4.0 07/31/2029 19,000.00 19,000.00 July 2025 Total 1,283,102.11 181,335.03 1,464,437.15
AUGUST 2025
08/01/2025 Coupon 78016HZS2 500,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 13,000.00 13,000.00 08/07/2025 Coupon 06406RAB3 700,000.00 BANK OF NEW YORK MELLON CORP 3.442 02/07/2028 12,047.00 12,047.00
08/07/2025 Coupon 63743HFX5 670,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 16,582.50 16,582.50
08/12/2025 Coupon 14913R3A3 330,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 5,940.00 5,940.00
08/15/2025 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 08/15/2025 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 08/15/2025 Coupon 43815BAC4 14,069.61 HAROT 2022-1 A3 1.88 05/15/2026 9.27 9.27 08/15/2025 Effective Maturity 43815BAC4 14,069.61 HAROT 2022-1 A3 1.88 05/15/2026 5,919.33 5,919.33 08/15/2025 Coupon 448977AD0 8,156.10 HART 2022-A A3 2.22 10/15/2026 6.84 6.84 08/15/2025 Effective Maturity 448977AD0 8,156.10 HART 2022-A A3 2.22 10/15/2026 3,696.47 3,696.47 08/15/2025 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 08/15/2025 Coupon 4581X0EN4 700,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 14,437.50 14,437.50
08/15/2025 Coupon 47787JAC2 18,119.66 JDOT 2022 A3 2.32 09/15/2026 25.08 25.08 08/15/2025 Principal Paydown 47787JAC2 18,119.66 JDOT 2022 A3 2.32 09/15/2026 4,813.52 4,813.52 08/15/2025 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 503.58 503.58 08/15/2025 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 6,506.47 6,506.47 08/15/2025 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 153.51 153.51 08/15/2025 Principal Paydown 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 4,890.59 4,890.59 08/15/2025 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 08/15/2025 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 689.86 689.86 08/15/2025 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 14,785.17 14,785.17 08/15/2025 Coupon 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 41.17 41.17 08/15/2025 Principal Paydown 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 5,742.97 5,742.97 08/15/2025 Coupon 9128283W8 600,000.00 UNITED STATES TREASURY 2.75 02/15/2028 8,250.00 8,250.00 08/18/2025 Coupon 362554AC1 277.24 GMCAR 2021-4 A3 0.68 09/16/2026 0.72 0.72

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/18/2025 Effective Maturity 362554AC1 277.24 GMCAR 2021-4 A3 0.68 09/16/2026 1,266.44 1,266.44 08/18/2025 Coupon 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 60.68 60.68 08/18/2025 Principal Paydown 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 4,848.22 4,848.22 08/18/2025 Coupon 380146AC4 2,925.01 GMCAR 2022-1 A3 1.26 11/16/2026 1.36 1.36 08/18/2025 Effective Maturity 380146AC4 2,925.01 GMCAR 2022-1 A3 1.26 11/16/2026 1,292.48 1,292.48 08/21/2025 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 826.88 826.88 08/21/2025 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 9,660.67 9,660.67 08/25/2025 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 254.52 254.52 08/25/2025 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 4,223.35 4,223.35 08/25/2025 Coupon 05602RAD3 13,090.50 BMWOT 2022-A A3 3.21 08/25/2026 22.06 22.06 08/25/2025 Principal Paydown 05602RAD3 13,090.50 BMWOT 2022-A A3 3.21 08/25/2026 4,685.22 4,685.22 08/25/2025 Coupon 3135G05X7 560,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 1,050.00 1,050.00
08/25/2025 Final Maturity 3135G05X7 560,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 560,000.00 560,000.00
08/25/2025 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 08/27/2025 Coupon 14913UAJ9 300,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 7,275.00 7,275.00
August 2025 Total 632,330.91 89,239.18 721,570.09
SEPTEMBER 2025
09/02/2025 Coupon 91282CCV1 950,000.00 UNITED STATES TREASURY 1.125 08/31/2028 5,343.75 5,343.75 09/02/2025 Coupon 91282CCW9 700,000.00 UNITED STATES TREASURY 0.75 08/31/2026 2,625.00 2,625.00 09/02/2025 Coupon 91282CFH9 450,000.00 UNITED STATES TREASURY 3.125 08/31/2027 7,031.25 7,031.25 09/02/2025 Coupon 91282CFJ5 1,200,000.00 UNITED STATES TREASURY 3.125 08/31/2029 18,750.00 18,750.00 09/02/2025 Coupon 91282CKD2 800,000.00 UNITED STATES TREASURY 4.25 02/28/2029 17,000.00 17,000.00 09/08/2025 Coupon 3130AWTR1 800,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 17,500.00 17,500.00
09/09/2025 Coupon 931142EX7 250,000.00 WALMART INC 3.95 09/09/2027 4,937.50 4,937.50 09/11/2025 Coupon 89236TLB9 800,000.00 TOYOTA MOTOR CREDIT CORP 5.25 09/11/2028 21,000.00 21,000.00 09/15/2025 Coupon 084664CZ2 400,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 4,600.00 4,600.00
09/15/2025 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 09/15/2025 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2025 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 09/15/2025 Coupon 47787JAC2 18,119.66 JDOT 2022 A3 2.32 09/15/2026 15.78 15.78 09/15/2025 Principal Paydown 47787JAC2 18,119.66 JDOT 2022 A3 2.32 09/15/2026 4,688.29 4,688.29 09/15/2025 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 475.49 475.49 09/15/2025 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 6,703.25 6,703.25 09/15/2025 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 138.27 138.27 09/15/2025 Principal Paydown 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 5,122.60 5,122.60 09/15/2025 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 09/15/2025 Coupon 571748CA8 650,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 15,112.50 15,112.50
09/15/2025 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 625.67 625.67 09/15/2025 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 14,490.95 14,490.95 09/15/2025 Coupon 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 27.15 27.15 09/15/2025 Principal Paydown 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 5,617.51 5,617.51 09/16/2025 Coupon 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 48.16 48.16 09/16/2025 Principal Paydown 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 4,644.97 4,644.97 09/17/2025 Coupon 931142ER0 110,000.00 WALMART INC 1.05 09/17/2026 577.50 577.50 09/22/2025 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 781.23 781.23 09/22/2025 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 10,005.37 10,005.37 09/23/2025 Coupon 3137EAEX3 540,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 1,012.50 1,012.50
09/23/2025 Final Maturity 3137EAEX3 540,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 540,000.00 540,000.00
09/25/2025 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 235.27 235.27 09/25/2025 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 4,132.08 4,132.08 09/25/2025 Coupon 05602RAD3 13,090.50 BMWOT 2022-A A3 3.21 08/25/2026 9.52 9.52 09/25/2025 Effective Maturity 05602RAD3 13,090.50 BMWOT 2022-A A3 3.21 08/25/2026 3,560.12 3,560.12 09/25/2025 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 09/30/2025 Coupon 91282CEF4 650,000.00 UNITED STATES TREASURY 2.5 03/31/2027 8,125.00 8,125.00 09/30/2025 Coupon 91282CFM8 600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 12,375.00 12,375.00 09/30/2025 Coupon 91282CGT2 850,000.00 UNITED STATES TREASURY 3.625 03/31/2028 15,406.25 15,406.25 09/30/2025 Coupon 91282CJA0 850,000.00 UNITED STATES TREASURY 4.625 09/30/2028 19,656.25 19,656.25

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/30/2025 Coupon 91282CKG5 850,000.00 UNITED STATES TREASURY 4.125 03/31/2029 17,531.25 17,531.25 09/30/2025 Coupon 91282CLN9 1,200,000.00 UNITED STATES TREASURY 3.5 09/30/2029 21,000.00 21,000.00 09/30/2025 Coupon 91282CMU2 750,000.00 UNITED STATES TREASURY 4.0 03/31/2030 15,000.00 15,000.00 September 2025
Total 598,965.13 235,001.94 833,967.07
OCTOBER 2025
10/14/2025 Coupon 023135CF1 300,000.00 AMAZON.COM INC 3.3 04/13/2027 4,950.00 4,950.00 10/14/2025 Coupon 79466LAF1 700,000.00 SALESFORCE INC 3.7 04/11/2028 12,950.00 12,950.00 10/15/2025 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 10/15/2025 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 10/15/2025 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 10/15/2025 Coupon 47787JAC2 18,119.66 JDOT 2022 A3 2.32 09/15/2026 6.71 6.71 10/15/2025 Effective Maturity 47787JAC2 18,119.66 JDOT 2022 A3 2.32 09/15/2026 3,471.44 3,471.44 10/15/2025 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 446.56 446.56 10/15/2025 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 7,409.87 7,409.87 10/15/2025 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 122.30 122.30 10/15/2025 Principal Paydown 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 5,987.66 5,987.66 10/15/2025 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 10/15/2025 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 562.75 562.75 10/15/2025 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 13,922.13 13,922.13 10/15/2025 Coupon 74340XBN0 550,000.00 PROLOGIS LP 2.125 04/15/2027 5,843.75 5,843.75 10/15/2025 Coupon 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 13.43 13.43 10/15/2025 Principal Paydown 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 5,394.37 5,394.37 10/16/2025 Coupon 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 36.16 36.16 10/16/2025 Principal Paydown 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 4,454.70 4,454.70 10/16/2025 Coupon 459058LN1 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 9,687.50 9,687.50
10/20/2025 Coupon 4581X0DV7 890,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 3,893.75 3,893.75
10/20/2025 Coupon 61747YFD2 200,000.00 MORGAN STANLEY 5.164 04/20/2029 5,164.00 5,164.00 10/21/2025 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 733.95 733.95 10/21/2025 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 9,609.83 9,609.83

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/24/2025 Coupon 857477DB6 550,000.00 STATE STREET CORP 4.834 04/24/2030 13,293.50 13,293.50 10/27/2025 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 216.44 216.44 10/27/2025 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 3,971.95 3,971.95 10/27/2025 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 10/28/2025 Coupon 459058JL8 900,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025 2,250.00 2,250.00
10/28/2025 Final Maturity 459058JL8 900,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 0.5 10/28/2025 900,000.00 900,000.00
10/30/2025 Coupon 3133ERDH1 550,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 13,062.50 13,062.50
10/31/2025 Coupon 91282CDG3 1,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 5,625.00 5,625.00 10/31/2025 Coupon 91282CEN7 650,000.00 UNITED STATES TREASURY 2.75 04/30/2027 8,937.50 8,937.50 10/31/2025 Coupon 91282CFU0 1,050,000.00 UNITED STATES TREASURY 4.125 10/31/2027 21,656.25 21,656.25 10/31/2025 Coupon 91282CHA2 800,000.00 UNITED STATES TREASURY 3.5 04/30/2028 14,000.00 14,000.00 10/31/2025 Coupon 91282CKP5 800,000.00 UNITED STATES TREASURY 4.625 04/30/2029 18,500.00 18,500.00 10/31/2025 Coupon 91282CLR0 1,050,000.00 UNITED STATES TREASURY 4.125 10/31/2029 21,656.25 21,656.25 10/31/2025 Coupon 91282CMZ1 650,000.00 UNITED STATES TREASURY 3.875 04/30/2030 12,593.75 12,593.75 October 2025 Total 954,221.95 184,263.71 1,138,485.66
NOVEMBER 2025
11/03/2025 Coupon 74456QBU9 450,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 8,325.00 8,325.00
11/04/2025 Coupon 61772BAB9 550,000.00 MORGAN STANLEY 1.593 05/04/2027 4,380.75 4,380.75 11/07/2025 Coupon 3135G06G3 580,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 1,450.00 1,450.00
11/07/2025 Final Maturity 3135G06G3 580,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 580,000.00 580,000.00
11/10/2025 Coupon 037833ET3 95,000.00 APPLE INC 4.0 05/10/2028 1,900.00 1,900.00 11/12/2025 Coupon 023135BY1 450,000.00 AMAZON.COM INC 1.65 05/12/2028 3,712.50 3,712.50 11/17/2025 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 11/17/2025 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 11/17/2025 Coupon 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 24.65 24.65 11/17/2025 Principal Paydown 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 4,204.13 4,204.13 11/17/2025 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/17/2025 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 414.57 414.57 11/17/2025 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 8,114.79 8,114.79 11/17/2025 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 103.64 103.64 11/17/2025 Principal Paydown 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 6,376.23 6,376.23 11/17/2025 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 11/17/2025 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 502.31 502.31 11/17/2025 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 13,597.14 13,597.14 11/17/2025 Coupon 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 0.26 0.26 11/17/2025 Effective Maturity 89238FAD5 22,746.11 TAOT 2022-B A3 2.93 09/15/2026 106.17 106.17 11/17/2025 Coupon 9128285M8 650,000.00 UNITED STATES TREASURY 3.125 11/15/2028 10,156.25 10,156.25 11/17/2025 Coupon 91282CLX7 625,000.00 UNITED STATES TREASURY 4.125 11/15/2027 12,890.63 12,890.63 11/17/2025 Coupon 927804GH1 115,000.00 VIRGINIA ELECTRIC AND POWER CO 3.75 05/15/2027 2,156.25 2,156.25
11/21/2025 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 688.55 688.55 11/21/2025 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 9,359.47 9,359.47 11/25/2025 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 198.33 198.33 11/25/2025 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 3,654.51 3,654.51 11/25/2025 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 November 2025
Total 625,412.45 54,965.34 680,377.79
DECEMBER 2025
12/01/2025 Coupon 91282CHE4 875,000.00 UNITED STATES TREASURY 3.625 05/31/2028 15,859.38 15,859.38 12/01/2025 Coupon 91282CKT7 600,000.00 UNITED STATES TREASURY 4.5 05/31/2029 13,500.00 13,500.00 12/01/2025 Coupon 91282CMA6 1,100,000.00 UNITED STATES TREASURY 4.125 11/30/2029 22,687.50 22,687.50 12/01/2025 Coupon 91282CNG2 700,000.00 UNITED STATES TREASURY 4.0 05/31/2030 14,000.00 14,000.00 12/05/2025 Coupon 46647PAX4 225,000.00 JPMORGAN CHASE & CO 4.452 12/05/2029 5,008.50 5,008.50 12/09/2025 Coupon 3130AWMN7 550,000.00 FEDERAL HOME LOAN BANKS 4.375 06/09/2028 12,031.25 12,031.25
12/12/2025 Coupon 3130ATUC9 800,000.00 FEDERAL HOME LOAN BANKS 4.5 12/12/2025 18,000.00 18,000.00 12/12/2025 Final Maturity 3130ATUC9 800,000.00 FEDERAL HOME LOAN BANKS 4.5 12/12/2025 800,000.00 800,000.00 12/12/2025 Coupon 91159HJM3 550,000.00 US BANCORP 5.775 06/12/2029 15,881.25 15,881.25 12/15/2025 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2025 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 12/15/2025 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 12/15/2025 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 379.54 379.54 12/15/2025 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 6,188.56 6,188.56 12/15/2025 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 83.77 83.77 12/15/2025 Principal Paydown 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 4,757.34 4,757.34 12/15/2025 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 12/15/2025 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 443.27 443.27 12/15/2025 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 12,959.17 12,959.17 12/16/2025 Coupon 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 13.79 13.79 12/16/2025 Principal Paydown 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 3,955.79 3,955.79 12/18/2025 Coupon 89236TJK2 465,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 2,615.63 2,615.63
12/22/2025 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 644.32 644.32 12/22/2025 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 8,876.46 8,876.46 12/25/2025 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 181.67 181.67 12/25/2025 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 3,475.20 3,475.20 12/25/2025 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 12/26/2025 Coupon 437076DC3 235,000.00 HOME DEPOT INC 4.75 06/25/2029 5,581.25 5,581.25 12/31/2025 Coupon 91282CEW7 650,000.00 UNITED STATES TREASURY 3.25 06/30/2027 10,562.50 10,562.50 12/31/2025 Coupon 91282CGC9 525,000.00 UNITED STATES TREASURY 3.875 12/31/2027 10,171.88 10,171.88 12/31/2025 Coupon 91282CHK0 850,000.00 UNITED STATES TREASURY 4.0 06/30/2028 17,000.00 17,000.00 12/31/2025 Coupon 91282CJR3 650,000.00 UNITED STATES TREASURY 3.75 12/31/2028 12,187.50 12,187.50 12/31/2025 Coupon 91282CKX8 950,000.00 UNITED STATES TREASURY 4.25 06/30/2029 20,187.50 20,187.50 12/31/2025 Coupon 91282CMD0 1,100,000.00 UNITED STATES TREASURY 4.375 12/31/2029 24,062.50 24,062.50 December 2025
Total 840,212.51 229,144.66 1,069,357.17
JANUARY 2026
01/07/2026 Coupon 02665WEM9 500,000.00 AMERICAN HONDA FINANCE CORP 5.125 07/07/2028 12,812.50 12,812.50
01/12/2026 Coupon 89115A2M3 550,000.00 TORONTO-DOMINION BANK 5.156 01/10/2028 14,179.00 14,179.00

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/13/2026 Coupon 45950KDD9 240,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 5,400.00 5,400.00
01/14/2026 Coupon 24422EXB0 650,000.00 JOHN DEERE CAPITAL CORP 4.95 07/14/2028 16,087.50 16,087.50 01/15/2026 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 01/15/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 01/15/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 01/15/2026 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 352.83 352.83 01/15/2026 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 9,743.33 9,743.33 01/15/2026 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 68.94 68.94 01/15/2026 Principal Paydown 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 7,869.10 7,869.10 01/15/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 01/15/2026 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 387.01 387.01 01/15/2026 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 12,741.76 12,741.76 01/15/2026 Coupon 756109AU8 525,000.00 REALTY INCOME CORP 3.65 01/15/2028 9,581.25 9,581.25 01/15/2026 Coupon 87612EBM7 250,000.00 TARGET CORP 1.95 01/15/2027 2,437.50 2,437.50 01/16/2026 Coupon 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 3.57 3.57 01/16/2026 Effective Maturity 362585AC5 27,234.78 GMCAR 2022-2 A3 3.1 02/16/2027 1,381.50 1,381.50 01/20/2026 Coupon 06051GGF0 400,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 7,648.00 7,648.00 01/21/2026 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 602.38 602.38 01/21/2026 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 8,697.34 8,697.34 01/23/2026 Coupon 06051GHM4 200,000.00 BANK OF AMERICA CORP 4.271 07/23/2029 4,271.00 4,271.00 01/26/2026 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 165.83 165.83 01/26/2026 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 3,408.81 3,408.81 01/26/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 01/26/2026 Coupon 46647PDG8 550,000.00 JPMORGAN CHASE & CO 4.851 07/25/2028 13,340.25 13,340.25 January 2026 Total 43,841.83 95,399.22 139,241.06
FEBRUARY 2026
02/02/2026 Coupon 69371RS80 675,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 15,525.00 15,525.00 02/02/2026 Coupon 78016HZS2 500,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 13,000.00 13,000.00 02/02/2026 Coupon 912828Z78 500,000.00 UNITED STATES TREASURY 1.5 01/31/2027 3,750.00 3,750.00 02/02/2026 Coupon 91282CGH8 700,000.00 UNITED STATES TREASURY 3.5 01/31/2028 12,250.00 12,250.00 02/02/2026 Coupon 91282CHQ7 800,000.00 UNITED STATES TREASURY 4.125 07/31/2028 16,500.00 16,500.00

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/02/2026 Coupon 91282CJW2 750,000.00 UNITED STATES TREASURY 4.0 01/31/2029 15,000.00 15,000.00 02/02/2026 Coupon 91282CLC3 950,000.00 UNITED STATES TREASURY 4.0 07/31/2029 19,000.00 19,000.00 02/09/2026 Coupon 06406RAB3 700,000.00 BANK OF NEW YORK MELLON CORP 3.442 02/07/2028 12,047.00 12,047.00
02/09/2026 Coupon 63743HFX5 670,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 16,582.50 16,582.50
02/12/2026 Coupon 14913R3A3 330,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 5,940.00 5,940.00
02/16/2026 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 02/16/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 02/16/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 02/16/2026 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 310.77 310.77 02/16/2026 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 8,117.78 8,117.78 02/16/2026 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 44.41 44.41 02/16/2026 Principal Paydown 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 6,576.03 6,576.03 02/16/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 02/16/2026 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 331.69 331.69 02/16/2026 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 12,580.18 12,580.18 02/17/2026 Coupon 4581X0EN4 700,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 14,437.50 14,437.50
02/17/2026 Coupon 9128283W8 600,000.00 UNITED STATES TREASURY 2.75 02/15/2028 8,250.00 8,250.00 02/23/2026 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 561.29 561.29 02/23/2026 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 8,560.26 8,560.26 02/25/2026 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 150.29 150.29 02/25/2026 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 3,359.27 3,359.27 02/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 02/27/2026 Coupon 14913UAJ9 300,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 7,275.00 7,275.00
February 2026
Total 39,193.51 169,017.12 208,210.63
MARCH 2026
03/02/2026 Coupon 91282CCV1 950,000.00 UNITED STATES TREASURY 1.125 08/31/2028 5,343.75 5,343.75 03/02/2026 Coupon 91282CCW9 700,000.00 UNITED STATES TREASURY 0.75 08/31/2026 2,625.00 2,625.00

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/02/2026 Coupon 91282CFH9 450,000.00 UNITED STATES TREASURY 3.125 08/31/2027 7,031.25 7,031.25 03/02/2026 Coupon 91282CFJ5 1,200,000.00 UNITED STATES TREASURY 3.125 08/31/2029 18,750.00 18,750.00 03/02/2026 Coupon 91282CKD2 800,000.00 UNITED STATES TREASURY 4.25 02/28/2029 17,000.00 17,000.00 03/09/2026 Coupon 3130AWTR1 800,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 17,500.00 17,500.00
03/09/2026 Coupon 931142EX7 250,000.00 WALMART INC 3.95 09/09/2027 4,937.50 4,937.50 03/11/2026 Coupon 89236TLB9 800,000.00 TOYOTA MOTOR CREDIT CORP 5.25 09/11/2028 21,000.00 21,000.00 03/16/2026 Coupon 084664CZ2 400,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 4,600.00 4,600.00
03/16/2026 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 03/16/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 03/16/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 03/16/2026 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 275.73 275.73 03/16/2026 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 6,871.40 6,871.40 03/16/2026 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 23.92 23.92 03/16/2026 Principal Paydown 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 5,527.89 5,527.89 03/16/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 03/16/2026 Coupon 571748CA8 650,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 15,112.50 15,112.50
03/16/2026 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 277.07 277.07 03/16/2026 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 12,262.21 12,262.21 03/17/2026 Coupon 931142ER0 110,000.00 WALMART INC 1.05 09/17/2026 577.50 577.50 03/23/2026 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 520.84 520.84 03/23/2026 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 8,304.63 8,304.63 03/25/2026 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 134.98 134.98 03/25/2026 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 3,273.04 3,273.04 03/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 03/31/2026 Coupon 91282CEF4 650,000.00 UNITED STATES TREASURY 2.5 03/31/2027 8,125.00 8,125.00 03/31/2026 Coupon 91282CFM8 600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 12,375.00 12,375.00 03/31/2026 Coupon 91282CGT2 850,000.00 UNITED STATES TREASURY 3.625 03/31/2028 15,406.25 15,406.25 03/31/2026 Coupon 91282CJA0 850,000.00 UNITED STATES TREASURY 4.625 09/30/2028 19,656.25 19,656.25 03/31/2026 Coupon 91282CKG5 850,000.00 UNITED STATES TREASURY 4.125 03/31/2029 17,531.25 17,531.25

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/31/2026 Coupon 91282CLN9 1,200,000.00 UNITED STATES TREASURY 3.5 09/30/2029 21,000.00 21,000.00 03/31/2026 Coupon 91282CMU2 750,000.00 UNITED STATES TREASURY 4.0 03/31/2030 15,000.00 15,000.00 March 2026 Total 36,239.17 232,865.45 269,104.62
APRIL 2026
04/13/2026 Coupon 023135CF1 300,000.00 AMAZON.COM INC 3.3 04/13/2027 4,950.00 4,950.00 04/13/2026 Coupon 79466LAF1 700,000.00 SALESFORCE INC 3.7 04/11/2028 12,950.00 12,950.00 04/15/2026 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 04/15/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 04/15/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 04/15/2026 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 246.07 246.07 04/15/2026 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 8,254.24 8,254.24 04/15/2026 Coupon 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 6.69 6.69 04/15/2026 Effective Maturity 47800AAC4 54,362.48 JDOT 2022-B A3 3.74 02/16/2027 2,146.46 2,146.46 04/15/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 04/15/2026 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 223.83 223.83 04/15/2026 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 12,535.32 12,535.32 04/15/2026 Coupon 74340XBN0 550,000.00 PROLOGIS LP 2.125 04/15/2027 5,843.75 5,843.75 04/16/2026 Coupon 459058LN1 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 9,687.50 9,687.50
04/20/2026 Coupon 4581X0DV7 890,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 3,893.75 3,893.75
04/20/2026 Final Maturity 4581X0DV7 890,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.875 04/20/2026 890,000.00 890,000.00
04/20/2026 Coupon 61747YFD2 200,000.00 MORGAN STANLEY 5.164 04/20/2029 5,164.00 5,164.00 04/21/2026 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 481.60 481.60 04/21/2026 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 8,507.87 8,507.87 04/24/2026 Coupon 857477DB6 550,000.00 STATE STREET CORP 4.834 04/24/2030 13,293.50 13,293.50 04/27/2026 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 120.06 120.06 04/27/2026 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 3,158.84 3,158.84 04/27/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 04/30/2026 Coupon 3133ERDH1 550,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 13,062.50 13,062.50

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/30/2026 Coupon 91282CDG3 1,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 5,625.00 5,625.00 04/30/2026 Coupon 91282CEN7 650,000.00 UNITED STATES TREASURY 2.75 04/30/2027 8,937.50 8,937.50 04/30/2026 Coupon 91282CFU0 1,050,000.00 UNITED STATES TREASURY 4.125 10/31/2027 21,656.25 21,656.25 04/30/2026 Coupon 91282CHA2 800,000.00 UNITED STATES TREASURY 3.5 04/30/2028 14,000.00 14,000.00 04/30/2026 Coupon 91282CKP5 800,000.00 UNITED STATES TREASURY 4.625 04/30/2029 18,500.00 18,500.00 04/30/2026 Coupon 91282CLR0 1,050,000.00 UNITED STATES TREASURY 4.125 10/31/2029 21,656.25 21,656.25 04/30/2026 Coupon 91282CMZ1 650,000.00 UNITED STATES TREASURY 3.875 04/30/2030 12,593.75 12,593.75 April 2026 Total 924,602.73 180,953.66 1,105,556.40
MAY 2026
05/01/2026 Coupon 74456QBU9 450,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 8,325.00 8,325.00
05/04/2026 Coupon 61772BAB9 550,000.00 MORGAN STANLEY 1.593 05/04/2027 4,380.75 4,380.75 05/04/2026 Effective Maturity 61772BAB9 550,000.00 MORGAN STANLEY 1.593 05/04/2027 550,000.00 550,000.00 05/11/2026 Coupon 037833ET3 95,000.00 APPLE INC 4.0 05/10/2028 1,900.00 1,900.00 05/12/2026 Coupon 023135BY1 450,000.00 AMAZON.COM INC 1.65 05/12/2028 3,712.50 3,712.50 05/15/2026 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 05/15/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 05/15/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 05/15/2026 Coupon 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 210.44 210.44 05/15/2026 Principal Paydown 477920AC6 122,391.53 JDOT 2023-B A3 5.18 03/15/2028 5,875.29 5,875.29 05/15/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 05/15/2026 Coupon 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 169.40 169.40 05/15/2026 Principal Paydown 58768PAC8 171,177.52 MBART 2022-1 A3 5.21 08/16/2027 12,127.02 12,127.02 05/15/2026 Coupon 9128285M8 650,000.00 UNITED STATES TREASURY 3.125 11/15/2028 10,156.25 10,156.25 05/15/2026 Coupon 91282CLX7 625,000.00 UNITED STATES TREASURY 4.125 11/15/2027 12,890.63 12,890.63 05/15/2026 Coupon 927804GH1 115,000.00 VIRGINIA ELECTRIC AND POWER CO 3.75 05/15/2027 2,156.25 2,156.25
05/21/2026 Coupon 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 441.40 441.40 05/21/2026 Principal Paydown 438123AC5 175,000.00 HAROT 2023-4 A3 5.67 06/21/2028 8,188.61 8,188.61 05/25/2026 Coupon 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 105.66 105.66 05/25/2026 Principal Paydown 05592XAD2 60,193.39 BMWOT 2023-A A3 5.47 02/25/2028 2,761.19 2,761.19 05/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount May 2026 Total 578,952.11 52,509.94 631,462.06
Grand Total 135,239,838.70 6,557,074.42 1,798,867.15 8,355,941.57

Page 86 ends

IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a high rating by S&P, Moody’s and Fitch respectively.

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BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

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CITY OF FOUNTAIN VALLEY
PARS Post-Employment Benefits Trust 6/1/2025 to 6/30/2025 Jason Al-Iman
Finance Director
City of Fountain Valley
10200 Slater Ave.

Fountain Valley, CA 92708
Account Summary
Source 6/1/2025 Contributions Earnings Expenses Distributions Transfers 6/30/2025 OPEB 1001 $13,248,070.43 $0.00 $400,568.91 $2,037.11 $0.00 $0.00 $13,646,602.23 PENSION 1002 $18,418,557.12 $0.00 $562,398.43 $5,823.36 $0.00 $0.00 $18,975,132.19 OPEB - Measure HH 1084 $4,544,077.89 $0.00 $137,394.83 $698.73 $0.00 $0.00 $4,680,773.99 Totals $36,210,705.44 $0.00 $1,100,362.17 $8,559.20 $0.00 $0.00 $37,302,508.41 Investment Selection
Source
OPEB

PENSION
OPEB - Measure HH
Investment Objective
Source
OPEB

PENSION
OPEB - Measure HH
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years OPEB 3.02% 5.57% 10.13% 9.90% 7.22% 6.39% 12/10/2010
PENSION 3.05% 5.65% 9.67% 8.77% 5.88% - 4/26/2018
OPEB - Measure HH 3.02% 5.57% 10.17% 9.92% 7.23% - 6/17/2019 Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Annualized Return
Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return.

Past performance does not guarantee future results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns. Information is deemed reliable but may be subject to change.

Individual account based on Moderate - Strategic Blend. The dual goals of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income will comprise a significant portion of total return, although growth through capital appreciation is equally important. The portfolio will be allocated between equity and fixed income investments.

Account Report for the Period
Balance as of
City of Fountain Valley - OPEB
City of Fountain Valley - OPEB
Balance as of
Individual account based on Moderate - Strategic Blend. The dual goals of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income will comprise a significant portion of total return, although growth through capital appreciation is equally important. The portfolio will be allocated between equity and fixed income investments.

City of Fountain Valley - PENSION
Plan's Inception Date
Individual account based on Moderate - Strategic Blend. The dual goals of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income will comprise a significant portion of total return, although growth through capital appreciation is equally important. The portfolio will be allocated between equity and fixed income investments.

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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: September 25, 2025 Members of the City Council
SUBJECT: Annual Report of the Planning Commission and the Planning Department Activities for FY 2024-25
Three-Year Strategic Goals
☐ Enhance the culture and environment of “A Nice Place to Live” ☐ Attract and retain revenue producing businesses
☐ Achieve fiscal stability in accordance with the 20-Year Financial Plan ☐ Attract and retain quality staff
☒ Not applicable

EXECUTIVE SUMMARY
Government Code Section 65400(b) requires that the Planning Commission provide an Annual Report to the City Council on the status of the Comprehensive General Plan and progress in its implementation. At its meeting of August 13, 2025, the Planning Commission unanimously approved the report and recommended that staff forward it to the City Council for its review and filing.

It is recommended that the City Council approve the report and direct staff to submit the report to the Office of Planning Research and the Department of Housing and Community Development.

DISCUSSION
At its meeting of August 13, 2025, the Planning Commission reviewed the Annual Report and unanimously voted to recommend approval of the report as presented and recommended transmission of the report to the City Council for its review and filing. The Annual Report provides a status of the Community’s General Plan and outlines the activities of the Planning Commission and the Planning Department. Each section identifies the most significant issues and accomplishments addressed by the Planning Commission and the Planning Department for the 2024-25 fiscal year.

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Planning Department Annual Report
September 25, 2025

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State law requires that the City Council approve a report and transmit a copy to the Office of Planning Research and the Department of Housing and Community Development.

FINANCIAL REVIEW
There will be no financial impact to the City as a result of the approval of the Annual Report.

ATTORNEY REVIEW
City Attorney review is not required.

ALTERNATIVES
Alternative No. 1: Approve the FY 2024-25 Annual Planning Department Report as recommended by the Planning Commission and direct staff to transmit a copy to the Office of Planning Research and the Department of Housing and Community Development.

Alternative No. 2: Modify the FY 2024-25 Annual Planning Department Report as deemed appropriate.

Alternative No. 3: Continue the item for further consideration.

RECOMMENDATION
Staff recommends the City Council adopt Alternative No.1 to approve the FY 2024-25 Annual Planning Department Report as recommended by the Planning Commission and direct staff to transmit a copy to the Office of Planning Research and the Department of Housing and Community Development.

Prepared By: Steven Ayers, Principal Planner
Approved By: Omar Dadabhoy, Deputy City Manager/Community Development Director
Approved By: Maggie Le, City Manager
Attachments:

1. Annual Planning Department Report for FY 2024-25

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Department Overview

T A B L E O F

C O N T E N T S
Department
Overview
1 Fountain Valley
Officials
2 Dept. Boards &
Commissions
3 Fountain Valley
Today
4 Summary of Land
Use
5 General Plan 6
Amendments and
Zone Changes
7 Summary of
Planning
Activities
8 Development
Highlights
9 Building & Safety
Division
10 Housing
Activities
11 Code
Enforcement
12-
16 Fountain Valley Annual Community
Development Department Report
F I S C A L Y E A R 2 0 2 4 - 2 0 2 5

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P A G E 2
Place
City of Fountain Valley Officials

F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T

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P A G E 3
Place
Department Boards & Commissions
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F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T

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P A G E 4
Place
Fountain Valley Today

F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T

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P A G E 5
Place
Summary of Land Use

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F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T -

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P A G E 6
Place
2045 General Plan
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- - F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T

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P A G E 7
Place
Amendments and Zone Changes -
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F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T

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P A G E 8 Summary of Planning Activities FY 2024-2025

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P A G E 9
Place
Development Highlights -
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P A G E 1 0
Place
Building & Safety Division -
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F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T

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P A G E 1 1
Place
Housing Activities -
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F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T - -
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P A G E 1 2
Place
Code Enforcement -
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P A G E 1 3
Place
Code Enforcement Annual Report 2024-2025

F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T

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P A G E 1 4
Place
Code Enforcement Annual Report 2024-2025

F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T -

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P A G E 1 5
Place
Code Enforcement Annual Report 2024-2025

F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T -

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P A G E 1 6
Place
Code Enforcement Annual Report 2024-2025

F O U N T A I N V A L L E Y A N N U A L C O M M U N I T Y D E V E L O P M E N T -
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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: September 25, 2025 Members of the City Council
SUBJECT: Approve an agreement with Southern California Edison to enter the LS-1 Option E program and authorize the City Manager to execute the agreement, subject to non-substantive changes approved by the City Manager and Attorney for the City.

Three-Year Strategic Goals
☒ Enhance the culture and environment of “A Nice Place to Live” ☐ Achieve fiscal stability by evaluating processes, and attract and retain revenue producing businesses/opportunities
☐ Attract and retain quality staff through best practices and trends ☒ Maintain, build, and modernize infrastructure to support growth and future needs of the City
☐ Not applicable

EXECUTIVE SUMMARY
Approve an agreement with Southern California Edison (SCE) to replace 346 existing SCE-owned streetlights with energy efficient light emitting diode (LED) fixtures to save over $22,000 in City streetlight program energy costs on an annual basis.

DISCUSSION
SCE owns and maintains approximately 346 streetlights along residential and arterial streets throughout Fountain Valley. These fixtures are located on SCE wooden utility poles and were not part of the 2017 City streetlight purchase and conversion project that retrofitted 3,176 streetlights. Presently, the subject SCE streetlights utilize high pressure sodium (HPS) lamps.

SCE charges a monthly fee, known as an LS-1 tariff, to provide electricity, operations, and maintenance, which includes lamp replacements and troubleshooting. SCE offers a program (LS-1 Option E) to retrofit current HPS streetlights to LED. LED fixtures are more efficient than HPS fixtures, leading to less electricity use and reduced operation costs. Under the LS-1 Option E program, the City of Fountain Valley can enter into an agreement with SCE to fund the streetlight retrofits through an Energy Efficiency Premium (EEP) charge that’s added to the existing City

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SCE Streetlight LED Conversion
September 25, 2025

Page 2 ends

streetlight bill. The electricity cost savings from the retrofit will fund the EEP annual repayment amount ($6,696) and provide a cost savings of approximately $22,440 per year. The LS-1 Option E program sunsets after October 1, 2025; at which time SCE will no longer accept agreements for participation.

FISCAL REVIEW
SCE furnishes all materials and labor to retrofit the 346 utility-owned HPS streetlights to LED. The total retrofit cost is recovered over the course of 20 years through amortized payments on the City's monthly electricity bill. SCE has stated the cost to retrofit each streetlight is $387.05 and the respective total cost to convert all 346 streetlights is $133,920. During the program period, the annual EEP charge will be $6,696.

Reduced electricity use will fund the EEP and enable the City to save money on an annual basis. Based on current rates, the City will decrease electricity charges by $29,136 per year. With the EEP factored in, the City can expect to realize $22,440 in annual cost savings, see table below.

Estimated Annual Energy Cost Savings $29,136
Estimated Annual EEP Charge $6,696
Net Annual Savings $22,440
At the conclusion of the EEP payback period (20 years), it’s estimated that the annual cost savings will increase to $29,136; assuming electricity rate increases are consistent with historic averages. If electricity rates increase at a greater rate, there is potential for greater cost savings.

ENVIRONMENTAL IMPACT REVIEW
The proposed project has been reviewed in compliance with the provisions of the California Environmental Quality Act (CEQA) and the City’s environmental review procedures. As a result, the project can be determined categorically exempt pursuant to Class 1 (Section 15301(b) – Existing Facilities), which allows for the minor alteration of existing facilities, including streetlights, where there is a negligible expansion of the existing use. The Project includes the replacement of existing HPS lamps in the city’s streetlights with more energy efficient LED fixtures.

ATTORNEY REVIEW
The Attorney for the City has reviewed this item.

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SCE Streetlight LED Conversion
September 25, 2025

Page 3 ends

ALTERNATIVES
Alternative No. 1: Staff recommends the City Council approve an agreement with SCE to enter the LS-1 Option E program and authorize the City Manager to execute the agreement, subject to non-substantive changes approved by the City Manager and City Attorney.

Alternative No. 2: Do not approve or authorize the City Manager to execute the agreement with SCE to enter the LS-1 Option E program.

This alternative is not recommended because participation in the SCE LS-1 Option E program enables the City to capture ongoing savings related to the City’s streetlight program.

RECCOMENDATION:

Staff recommend the City Council approve an agreement with Southern California Edison to enter the LS-1 Option E program and authorize the City Manager to execute the agreement, subject to non-substantive changes approved by the City Manager and Attorney for the City.

Prepared by: Scott Smith, P.E., Public Works Director
Approved by: Scott Smith, P.E., Public Works Director
Fiscal review by: Ryan Smith, Finance Director
Approved by: Maggie Le, City Manager
Attachments/Exhibit(s):

1. SCE LS-1 Option E Agreement

2. Option E Rate Analysis

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Southern California Edison Original Cal. PUC Sheet No. 57074-E Rosemead, California (U 338-E) Cancelling Cal. PUC Sheet No.

Sheet 1
SCHEDULE LS-1 OPTION E,

ENERGY EFFICIENCY-LIGHT EMITTING DIODE (LED) FIXTURE REPLACEMENT

RATE AGREEMENT
Form 14-965
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 3241-E R.O. Nichols Date Filed Jun 30, 2015
Decision 14-10-046 Senior Vice President Effective Jun 1, 2016 1P8 Resolution
Attachment #1

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SOUTHERN CALIFORNIA EDISON COMPANY
SCHEDULE LS-1 OPTION E, ENERGY EFFICIENCY-LIGHT EMITTING DIODE (LED)

FIXTURE REPLACEMENT RATE AGREEMENT
Form 14-965
06/2016
1 This Schedule LS-1 Option E, Energy Efficiency-Light Emitting Diode (LED) Fixture Replacement Rate Agreement (Agreement), effective this day of _,
_(Effective Date), is entered into between Southern California Edison Company (SCE) and ________, an SCE customer taking service on Schedule LS-1 (Applicant), referred to collectively as "Parties," and individually as "Party." This Agreement provides for SCE, at Applicant’s request, to replace the existing street lighting fixtures serving Applicant’s premises with Light Emitting Diode (LED) street lighting fixtures to achieve energy efficiency benefits for Applicant, as set forth in Special Condition 14, Option E, Energy Efficiency-Light Emitting Diode (LED) Fixture Replacement, of Schedule LS-1.

The Parties agree as follows:

1. LED FIXTURES
SCE shall install, own, operate, and maintain LED Fixtures for Applicant as set forth in Exhibit "A" attached hereto and incorporated herein by this reference. The LED Fixtures provided hereunder shall at all times remain the property of SCE.

2. LED FIXTURE REPLACEMENT COSTS

2.1 The replacement costs of the LED Fixtures provided hereunder shall be borne by Applicant.

2.2 Applicant shall pay the charge for the LED Fixtures Replacement rate, which includes an Energy Efficiency Premium Charge (EEPC) and a Base LED Charge, under Option E of Schedule LS-1. Applicant elects Option E in lieu of an upfront, one-time payment of the replacement costs.

2.3 SCE does not guarantee that any energy or bill savings will accrue to Applicant as a result of the LED Fixture replacements.

3. COMMENCEMENT OF SERVICE
The Parties agree that SCE has the right to charge Applicant, and Applicant has an obligation to pay SCE, for the charges set forth in Schedule LS-1, Option E, commencing on the date SCE begins serving the LED Fixtures installed pursuant to this Agreement.

4. TERM AND TERMINATION

4.1 This Agreement shall be effective as of the Effective Date and shall continue for a term of twenty (20) years from the commencement of service as specified in Section 3 above (Term).

4.2 Applicant may terminate this Agreement at any time during the Term upon a thirty (30) - day advance written notice, provided that Applicant, prior to or within the 30-day advance notice period, assigns the Agreement to any New Party In (NPI) that owns, rents or leases the premises served by the street lighting fixtures replaced under this Agreement and will take service under Option E of Schedule LS-1 effective as of the date of termination; otherwise, Applicant shall pay a one-time termination charge equal to the present value of the balance of the EEPC of Option E over the remaining Term. The present value is determined based on SCE’s authorized rate of return on rate base, or discounted rate of

7.90%.

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SOUTHERN CALIFORNIA EDISON COMPANY
SCHEDULE LS-1 OPTION E, ENERGY EFFICIENCY-LIGHT EMITTING DIODE (LED)

FIXTURE REPLACEMENT RATE AGREEMENT
Form 14-965
06/2016
2 5. AMENDMENTS; ASSIGNMENTS

5.1 Any changes or amendments to this Agreement must be in writing and must be executed by the Applicant and SCE and, if required, be approved by the California Public Utilities Commission (Commission).

5.2 Applicant shall not assign this Agreement without the prior written consent of SCE; provided, however, that Applicant may assign the Agreement pursuant to the terms and conditions of Section 4.2 above, and the NPI must assume all rights and obligations under this Agreement for the remaining Term. Any assignment and assumption shall be in a form acceptable to SCE.

6. NOTICE
Any notice either Applicant or SCE may wish to provide the other regarding this Agreement must be in writing. Such notice must be either hand-delivered or sent by U.S. certified or registered mail, postage prepaid, to the person designated to receive notice for the other Party below, or to such other address as either may designate by written notice. Notices delivered by hand shall be deemed effective when delivered. Notices delivered by mail shall be deemed effective when received, as acknowledged by the receipt of the certified or registered mailing.

Applicant: SCE:

(Name)

Business Customer Division
(Title) Southern California Edison Company
2244 Walnut Grove Avenue
(Address) Rosemead, CA 91770

(City, State, Zip)

7. NONWAIVER
The failure of either Party to enforce any of the terms and conditions or to exercise any right or privilege in this Agreement shall not be construed as a waiver of any such term and conditions or rights or privileges, and the same shall continue and remain enforce and effect as if no such failure to enforce or exercise had occurred.

8. SEVERABILITY
In the event that any of the provisions, or portions thereof, of this Agreement are held to be unenforceable or invalid by the Commission, or any court of competent jurisdiction, the validity and enforceability of the remaining provisions or any portion thereof shall not be affected.

9. APPLICABLE LAWS, RULES, AND REGULATIONS
This Agreement shall be subject to, and interpreted under the laws, rules, decisions and regulations of the State of California, without regard to its conflict of laws principles, the Commission, and SCE's Commission-approved tariffs.

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SOUTHERN CALIFORNIA EDISON COMPANY
SCHEDULE LS-1 OPTION E, ENERGY EFFICIENCY-LIGHT EMITTING DIODE (LED)

FIXTURE REPLACEMENT RATE AGREEMENT
Form 14-965
06/2016
3 10. CALIFORNIA PUBLIC UTILITIES COMMISSION JURISDICTION

10.1 This is a filed form tariff agreement authorized by the Commission for use by SCE. No officer, inspector, solicitor, agent or employee of SCE has any authority to waive, alter, or amend any part of this Agreement except as provided herein or authorized by the Commission. This Agreement is to be used in conjunction with Schedule LS-1 and supplements the terms and conditions of the Applicant's electric service under Schedule LS-1.

10.2 This Agreement shall at all times be subject to such changes or modifications by the Commission as said Commission may, from time to time, direct in the exercise of its jurisdiction.

10.3 Notwithstanding any other provisions of this Agreement, SCE has the right to unilaterally file with the Commission, pursuant to the Commission's rules and regulations, an application for change in rates, charges, classification, service, or rule or any agreement relating thereto.

11. ENTIRE AGREEMENT
This Agreement, including SCE’s Commission-approved tariffs, constitutes the complete agreement and understanding between the Applicant and SCE regarding the LED Fixtures replacement costs.

Prior agreements, representations, understandings, whether expressed or implied, and communications, oral or written, between the Applicant and SCE shall not be construed to be a part of this Agreement.

12. AUTHORIZATION SIGNATURE
In witness whereof, the Parties hereto have caused this Agreement to be signed by their duly authorized representatives.

APPLICANT
BY:

NAME:

TITLE:

DATE SIGNED:

SOUTHERN CALIFORNIA EDISON COMPANY
BY:

NAME:

TITLE:

DATE SIGNED:

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Form 14-965
06/2016
4 SOUTHERN CALIFORNIA EDISON COMPANY
EXHIBIT “A”
SCHEDULE LS-1 OPTION E,

ENERGY EFFICIENCY-LIGHT EMITTING DIODE (LED) FIXTURE REPLACEMENT

APPLICANT

CUSTOMER ACCOUNT NO.

SERVICE ACCOUNT NO.

(Additional account numbers/addresses may be attached hereto.)

SERVICE ADDRESS

APPLICANT REQUESTED READY TO SERVE DATE
ASAP

SCE READY TO SERVE DATE
DESCRIPTION OF LED FIXTURES/SCOPE OF WORK: SPECIFY HOW MANY STREET LIGHTING

FIXTURE REPLACEMENTS ARE BEING REQUESTED AND AGREED TO UNDER THIS AGREEMENT AND OTHER RELEVANT DETAILS.

W.O. No(s):

Page 116 ends

CUSTOMER NAME FOUNTAIN VALLEY, CITY OF
Customer Number:

Lamp Wattage Lamp Count EEP Per Month*
Estimated Monthly
Savings
50 Watt 1 $1.42 $170 Watt 117 $1.48 $173
100 Watt 59 $1.55 $91
150 Watt 143 $1.67 $239
200 Watt 17 $1.93 $33
250 Watt 9 $2.26 $20400 Watt 0 $2.88 $0
Total 346 $558
Estimated Additional Monthly Savings After 20 Years: $558 Estimated Additional Annual Savings After 20 Years: $6,696 Estimated Annual Savings During 20 Year Repayment: $22,440Estimated Annual Savings Post 20 Repayment: $29,136 *EEP (Energy Efficiency Premium) is based on rate factors effective 02/01/2024

CONFIDENTIAL AND/OR PROPRIETARY INFORMATION OF SOUTHERN CALIFORNIA EDISON AND/OR ITS CUSTOMERS OR VENDORS. PUBLIC DISCLOSURE IS RESTRICTED. 1000466497
This analysis is provided to help you evaluate your current Southern California Edison (SCE) bill and/or compare your projected bills to otherSCE rate options. These results are based on your past usage and/or assumptions about your energy usage and cannot be guaranteed by SCE. This rate analysis may not reflect all of the rate options that are available to you as an SCE customer. Your actual bills will vary from this analysis due to changes to your actual usage and assumptions such as operating hours, the equipment you use, kVAR charges, weather patterns, service voltage, firm service levels, taxes, and added facilities charges. Moreover, the rate options used in this analysis are subjectto change by the California Public Utilities Commission (CPUC), which would also alter the outcome of this analysis. If your current rate schedule becomes unavailable — either by action of the CPUC or because you are no longer eligible to be placed on the rate — you will be notified of your rate options. If you do not select a different applicable rate option at that time, you will be placed on a default rate schedule.

SCE, Confidential Post EEP Template_04.2022.xlsx 5/14/2025 Attachment #2

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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: September 25, 2025 Members of the City Council
SUBJECT: Approve the revised agreement between the City of Fountain Valley and CalOptima Health for participation in the City’s voluntary participation in the Voluntary Rate Range Program (VRRP)
Three-Year Strategic Goals
☐ Enhance the culture and environment of “A Nice Place to Live” ☒ Achieve fiscal stability by evaluating processes, and attract and retain revenue producing businesses/opportunities
☐ Attract and retain quality staff through best practices and trends ☐ Maintain, build, and modernize infrastructure to support growth and future needs of the City
☐ Not applicable

EXECUTIVE SUMMARY
On June 17, 2025, the City Council approved participation in the Medi-Cal Voluntary Rate Range Program (VRRP), including the execution of the CalOptima Health agreement.

Following the City Council’s approval, CalOptima Health revised the agreement to include updated legal terms.

These changes include mandatory binding arbitration, a one-year statute of limitation, and limitations on remedies by excluding punitive damages and attorneys’ fees, and costs.

The revised terms do not affect the scope of the Program or the financial terms previously approved.

DISCUSSION
The City recovers the costs of delivering emergency medical services (EMS) through user fees established by the City Council. Due to the nature of EMS cost recovery in the healthcare industry, the City has limited control over the actual amount of cost recovery collected.

Adjustments made by various payer sources (i.e., insurance plans, including state and federal insurance programs such as Medi-Cal) result in the City not being fully reimbursed for the services provided.

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Revised CalOptima Health Agreement Staff Report
September 25, 2025

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Welfare and Institutions Code sections 14164 and 14301.4 authorize the California Department of Health Care Services (DHCS) to implement a Voluntary Rate Range Program related to the Medi-Cal managed care capitation rate ranges. The funding amounts under the Voluntary Rate Range Program represent the non-federal share of the difference between the Medi-Cal managed care plans' contracted capitation rates and the top of the plans' actuarially sound rate range, as determined by the DHCS. This program allows the City to secure additional federal funding to offset previously unreimbursed costs associated with providing EMS and ambulance services to CalOptima and Kaiser members who are Medi-Cal patients.

On June 17, 2025, the City Council approved participation in the VRRP and authorized execution of the required agreements with DHCS, CalOptima Health, and Kaiser. Following that approval, CalOptima Health issued a revised agreement. The revised agreement does not alter the scope or financial terms. It includes updates to the dispute resolution provisions.

The revisions require disputes to be resolved through binding arbitration through Judicial Arbitration and Mediation Services (“JAMS”), impose a one-year statute of limitations for bringing claims, and limit legal remedies by excluding punitive damages and attorneys’ fees, and costs.

Staff and the City Attorney have reviewed the revised language and determined that the revisions are acceptable. Because the City Council has already approved the City’s participation in the program, staff recommend that the updated CalOptima Health Agreement be approved through the Consent Calendar.

FISCAL REVIEW
There is no fiscal impact associated with approving the revised agreement.

ATTORNEY REVIEW
The Attorney(s) for the City has reviewed and approved the agreements.

ALTERNATIVES
Alternative No. 1 Approve the revised agreement with CalOptima Health for participation in the Medi-Cal VRRP.

Alternative No. 2 Do not approve the revised agreement with CalOptima Health for participation in the Medi-Cal VRRP

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Revised CalOptima Health Agreement Staff Report
September 25, 2025

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RECOMMENDATION
Staff recommend Alternative No. 1.

Prepared by: Vanessa Lassooy, Attorney for the City
Reviewed by: Tim Saiki, Acting Fire Chief
Fiscal review by: Ryan Smith, Finance Director
Approved by: Maggie Le, City Manager
Attachments:
1) Revised Agreement with CalOptima Health
2) Original Agreement with CalOptima Health
3) Original Staff Report (June 17, 2025)

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HEALTH PLAN-PROVIDER INTERGOVERNMENTAL TRANSFER

RATE RANGE PROGRAM AGREEMENT
This Health Plan-Provider Intergovernmental Transfer Rate Range Program Agreement (“Agreement”) is effective September 1, 2025 (“Effective Date”), by and between Orange County Health Authority, a California local agency doing business as CalOptima Health (“PLAN”), and the City of Fountain Valley, a California municipal corporation operating through its fire department (“PROVIDER”). PLAN and PROVIDER may each be referred to herein as a “Party” and collectively as the “Parties”.

RECITALS
WHEREAS, PLAN is a county organized health system formed pursuant to California Welfare and Institutions Code § 14087.54 and Orange County Ordinance No. 3896 (as amended by Ordinance Nos. 00-8, 05-008, 06-012, 09-001, 11-013, 14-002 and 16-001).

WHEREAS, PLAN is party to a Medi-Cal managed care contract with the California Department of Health Care Services (“DHCS”), entered into pursuant to Welfare and Institutions Code § 14087.3, under which PLAN arranges and pays for the provision of covered Medi-Cal health care services to eligible members residing in Orange County and enrolled in PLAN’s MediCal program (“Members”).

WHEREAS, PROVIDER is an emergency transport provider that provides transportation on a non-contract basis, including to Members.

WHEREAS, PLAN and PROVIDER desire to enter into this Agreement to provide Intergovernmental Transfer Medi-Cal Managed Care Rate Range Increases (“IGT Rate Increases”) from PLAN to PROVIDER to maintain the availability of Medi-Cal health care services to Medi-Cal beneficiaries, as set forth in the Agreement.

NOW, THEREFORE, PLAN and PROVIDER, in consideration of the promises and the mutual covenants herein stated, hereby agree as follows:

AGREEMENT

1. IGT Rate Range Increases
A. Payment
Should PLAN receive any IGT Rate Increases from DHCS where the nonfederal share is funded by PROVIDER specifically pursuant to the provisions of the Intergovernmental Agreement Regarding Transfer of Public Funds (Contract # IGT-24-0011) between PROVIDER AND DHCS, (“Intergovernmental Agreement”) with a term of January 1, 2024 through June 30, 2027 for IGT Rate Increases, PLAN shall pay to PROVIDER the amount of the IGT Rate Increases received from DHCS, in accordance with Section 1.E below regarding the form and timing of Local MediCal Managed Care Rate Range (“Local Range”) IGT payments. Local Range IGT payments paid to PROVIDER shall not replace or supplant any other amounts paid or payable to PROVIDER by PLAN.

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B. PLAN Administrative Fee
i. PLAN shall retain two percent (2.0%) of the IGT Rate Increase payments to PROVIDER (after reimbursing PROVIDER’s initial contribution to the IGT Rate Increase (“Administrative Fee”), prior to disbursing Local Range IGT payments to PROVIDER. PLAN will expend the Administrative Fee to cover expenses for administering the IGT payments.

PROVIDER’s share of the IGT Rate Increase funds shall be calculated based on PROVIDER’s proportionate share of the Local Range IGT Payment made by PLAN in Orange County to the respective funding entities.
ii. Any amounts referenced in this Agreement are estimates. The Parties understand and agree that the total amount of the IGT Rate Increases paid by DHCS to PLAN may fluctuate as a result of Member enrollment in PLAN’s Medi-Cal program and the number of entities participating in the IGT program. The Parties further understand and agree that any such fluctuations will likewise affect the amount to be retained by PLAN and the amount payable to PROVIDER by the same percentage as the variance in the IGT Rate Increases, if any. iii. PLAN will ultimately not retain any other portion of the IGT Rate Increases received from DHCS other than the Administrative Fee.

C. Conditions for PROVIDER Receiving Local Range IGT Payments As a condition for receiving Local Range IGT payments, PROVIDER shall, as of the date the particular Local Range IGT Payment is due:
i. continue to provide emergency transport services to Members promptly and in a manner that ensures access to care consistent with PROVIDER’s regular business practices for providing such services; and
ii. not discriminate against Members or in any way, including based on type of insurance, or impose limitations on the acceptance of Members for care or treatment that are not imposed on other patients of PROVIDER.

D. Schedule and Notice of Transfer of Non-Federal Funds i. PROVIDER shall provide PLAN with a copy of the schedule regarding the transfer of funds to DHCS referred to in the Intergovernmental Agreement within fifteen (15) calendar days of establishing such a schedule with DHCS. Additionally, PROVIDER shall notify PLAN in writing within seven (7) calendar days prior to any changes to an existing schedule with DHCS, including, but not limited to, changes to the amounts specified therein. ii. PROVIDER shall provide PLAN with written notice of the amount and date of the transfer within seven (7) calendar days after funds have been transferred by PROVIDER to DHCS for use as the nonfederal share of any IGT Rate Increases.

E. Form and Timing of Payments

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PLAN agrees to pay Local Range IGT Payments owed to PROVIDER under this Agreement in the following form and according to the following schedule:
i. PLAN agrees to pay the Local Range IGT payments to PROVIDER using the same mechanism through which compensation and payments are normally paid by PLAN to PROVIDER (e.g., electronic transfer).
ii. PLAN will pay the Local Range IGT payments to PROVIDER no later than thirty (30) calendar days after receipt of the IGT Rate Increases from DHCS, unless PLAN cannot not make the payment until a later date based on no fault of PLAN, in which case PLAN will pay the Local Range IGT payment as soon as reasonably practicable.

F. Consideration
i. As consideration for the Local Range IGT payments, PROVIDER shall use the Local Range IGT payments solely as follows:
a. The Local Range IGT payments are compensation for emergency ambulance services rendered to Members by PROVIDER between January 1, 2024, and December 31, 2024 (“Payment Period”), and shall be used by PROVIDER solely to fund the costs that exceed the fee-for-service rates paid by PLAN for Medi-Cal-covered services provided to Members during the Payment Period.

To the extent that total payments received by PROVIDER under this Agreement exceed the cost of Medi-Cal-covered services provided to Members by PROVIDER during the Payment Period, the remaining Local Range IGT payment amounts shall constitute an overpayment, and PROVIDER shall return those funds to PLAN pursuant to Section 1.K. ii. Both Parties agree that none of these funds, either originally from PROVIDER or the federal matching funds will be recycled back to PROVIDER’S general fund, the State of California (“State”), including DHCS, or any other intermediary organization.

Payments made by Plan to PROVIDER under the terms of this Agreement constitute patient care revenues.

G. Oversight and Compliance Responsibilities
i. PLAN’s oversight responsibilities regarding PROVIDER’s use of the Local Range IGT payments are limited to this section. PLAN shall request, within thirty (30) calendar days after the end of each State fiscal year in which Local Range IGT payments were transferred to PROVIDER, a written confirmation that states whether and how PROVIDER complied with the provisions set forth in Section 1.F. In each instance, PROVIDER shall provide PLAN with written confirmation of compliance within thirty (30) calendar days of PLAN’s request. ii. PROVIDER shall ensure at all times that its use of Local Range IGT payments received under this Agreement complies with the terms of the Agreement, applicable laws, and Centers for Medicare & Medicaid Services (“CMS”) and DHCS requirements.

H. Cooperation Among Parties

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i. Should disputes or disagreements arise regarding the ultimate computation or appropriateness of any aspect of the Agreement, including the Local Range IGT payments, PROVIDER and PLAN agree to meet and confer in good faith and cooperate in all respects to resolve the dispute and support and preserve the Local Range IGT payments to the full extent possible on behalf of the safety net in Orange County.
ii. If the Parties are unable to resolve any dispute arising out of or relating to this Agreement under Section 1.H.ii, either Party may submit the dispute for resolution exclusively through confidential, binding arbitration, instead of through trial by court or jury, in Orange County, California. The arbitration will be conducted by Judicial Arbitration and Mediation Services (“JAMS”) in accordance with the commercial dispute rules then in effect for JAMS; provided, however, that this Agreement shall control in instances where it conflicts with JAMS’s (or the applicable arbitration service’s) rules. The arbitration shall be conducted on an expedited basis by a single arbitrator. In making decisions about discovery and case management, it is the Parties’ express agreement and intent that the arbitrator at all times promote efficiency without denying either Party the ability to present relevant evidence. In reaching and issuing decisions, the arbitrator shall have no jurisdiction to make errors of law and/or legal reasoning or to give a remedy or award damages that would not be available to such prevailing Party in a court of law, nor will the arbitrator have the authority to award punitive, exemplary, or treble damages. The Parties shall share the costs of arbitration equally, and each Party shall bear its own attorneys’ fees and costs. iii. With the exception of any dispute that under applicable laws may not be settled through arbitration, arbitration under Section I.H.ii is the exclusive method to resolve a dispute between the Parties arising out of or relating to this Agreement that is not resolved through the meet-and-confer processes. Notwithstanding the foregoing, either Party may institute proceedings in a federal or state court of competent jurisdiction to seek temporary or preliminary injunctive relief to enforce the status quo in any dispute relating to this Agreement pending the resolution of that dispute through arbitration.
iv. PROVIDER acknowledges that Government Code § 911.2 requires a claim against a government entity to be brought no later than one (1) year after the accrual of the cause of action. As such, the Parties agree that arbitration under Section 1.H.ii must be initiated within one (1) year of the earlier of the date the dispute arose, was discovered, or should have been discovered with reasonable diligence; otherwise, the dispute will be deemed waived, and the complaining Party shall be barred from initiating arbitration or other proceedings related to the dispute, including any civil action in state or federal court. The deadline to file arbitration shall not be subject to waiver, tolling, alteration, or modification of any kind or for any reason other than fraud.
v. By agreeing to binding arbitration as set forth in Section 1.H.ii, the Parties acknowledge that they are waiving certain substantial rights and protections which otherwise may be available if a dispute between them was determined by litigation in a court, including the right to a jury trial, attorneys’ fees, and certain rights of appeal.

I. Reconciliation and Overpayment

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i. Within one hundred twenty (120) calendar days after the end of each PLAN fiscal year in which PLAN made Local Range IGT payments to PROVIDER, PLAN shall perform a reconciliation of the Local Range IGT payments transmitted to the PROVIDER during the preceding fiscal year, including requesting PROVIDER to furnish proof of compliance with this Agreement and applicable laws, to ensure that the supporting amount of IGT Rate Increases were received by PLAN from DHCS.
ii. PROVIDER agrees to return to PLAN any overpayment of Local Range IGT payments made in error to PROVIDER within thirty (30) calendar days after receipt from PLAN of a written notice of the overpayment error, unless PROVIDER submits a written objection to PLAN. Any such objection shall be resolved in accordance with the dispute resolution process set forth in Section 1.H.
iii. PROVIDER shall report to PLAN any overpayment received under this Agreement and identified by PROVIDER and to repay such overpayment to PLAN within sixty (60) days of such identification by PROVIDER. PROVIDER acknowledges and agrees that, if PLAN determines that an amount has been overpaid or paid in duplicate, or that funds were paid which were not due under this Agreement to PROVIDER, PLAN may recover such amounts from PROVIDER by recoupment or offset from current or future amounts due from PLAN to PROVIDER under any contract between the Parties, after giving notice and an opportunity to return/pay such amounts.
iv. The reconciliation process established under this section is distinct from the indemnification provisions set forth in Section 1.J below. PLAN agrees to transmit to the PROVIDER any underpayment of Local Range IGT payments within thirty (30) calendar days of PLAN’s identification of such underpayment.

J. DHCS Payment and Indemnification
i. PROVIDER agrees to and acknowledges the following: (1) PLAN has no obligation to make any payments hereunder until PLAN has received IGT Rate Increases from DHCS; (2) PLAN is not responsible for DHCS payments to PLAN, including any mathematical calculations made by DHCS, and (3) PLAN is not responsible for the timing of the payments from DHCS to PLAN (including the conditions precedent to the timing of such payments, which includes the timing of DHCS submission to CMS and/or CMS review and approval). In addition, PLAN and PROVIDER agree and acknowledge that nothing herein is intended to create an obligation on the part of PLAN to agree to delays in capitation payment(s) from DHCS in order to accommodate payments under this Agreement.
ii. Each Party agrees to defend, indemnify, and hold each other and DHCS harmless with respect to any claims, costs, damages and expenses, including reasonable attorneys’ fees, that are related to or arise out of (i) the negligent or willful performance or non-performance by the indemnifying Party of any functions, duties, or obligations of the Party under this Agreement, or (ii) a Party’s violation of applicable law.

2. Term and Termination

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A. This agreement shall commence on the Effective Date and shall expire on June 30, 2027.

B. Either Party may terminate this Agreement upon thirty (30) days’ prior written notice to the other Party if the other Party materially breaches a provision of the Agreement and does not cure the breach within the thirty (30)-day notice period.

C. Either Party may terminate this Agreement without cause upon sixty (60) days’ prior written notice to the other Party.

3. Miscellaneous Provisions
A. Any failure of a Party to insist upon strict compliance with any provision of this Agreement shall not be deemed a waiver of such provision or any other provision of this Agreement. To be effective, a waiver must be in writing and signed and dated by the Parties.

B. Neither Party may assign this Agreement, either in whole or in part, without the prior written consent of the other Party.

C. This Agreement may only be amended in a writing signed by both Parties.

D. Any notices required or permitted under this Agreement shall be in writing and delivered to the addresses set forth below in this Section 3.D. Any notice not related to termination of this Agreement may be sent electronically to the other Party’s e-mail address listed in this section or such other address as may be provided by a Party to the other Party from time to time.

If notice relates to termination of this Agreement, such notice shall be sent by registered or certified mail, postage prepaid, return receipt requested, or by any other overnight delivery service that delivers to the noticed destination and provides proof of delivery to the sender. All notices sent to the addresses set forth in this section shall be effective (i) when first received by the Party, or (ii) upon refusal of delivery by the Party to which it was sent. Any Party whose address changes during the term of the Agreement shall promptly notify the other Party in writing. If PLAN cannot complete notice under this Section 3.D because PROVIDER’s addresses are incorrect and/or PROVIDER failed to notify PLAN of the change, PLAN shall provide notice under this Section

3.D, including for Agreement termination, by making commercially reasonable efforts to deliver notice in any manner reasonably calculated to give PROVIDER actual notice, and notice shall be deemed delivered upon the completion of those efforts.

If to PLAN: 505 City Parkway West Orange, CA 92868
If to PROVIDER: 10200 Slater Avenue Fountain Valley, CA 92708 E. Each Party shall be excused from performance hereunder for any period that it is prevented from meeting the terms of this Agreement as a result of a catastrophic occurrence or natural disaster, including an act of war and excluding labor disputes (each a “Force Majeure Event”). A Party invoking this clause shall provide the other Party with prompt written notice of any delay or failure to perform that occurs by reason of a Force Majeure Event. If the Force Majeure Event continues for a period of ten (10) days, the Party unaffected by the Force Majeure Event may terminate this Agreement upon notice to the other Party.

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F. Each Party and any of its agents or employees of PROVIDER shall act in an independent capacity and not as officers, employees, or agents of the other Party under this Agreement. PROVIDER’s relationship with PLAN under this Agreement is that of an independent contractor. PROVIDER’s personnel performing services under this Agreement shall be at all times under PROVIDER’s exclusive direction and control and shall be employees and/or agents of PROVIDER. PROVIDER shall pay all wages, salaries, and other amounts due its employees in connection with this Agreement and shall be responsible for all reports and obligations respecting them, such as social security, income tax withholding, unemployment compensation, workers’ compensation, and similar matters.

G. This Agreement shall be governed by and construed in accordance with all laws of the State of California. Subject to the restrictions in Section 1.H, PROVIDER shall bring any and all legal proceedings against PLAN under this Agreement in California State courts in Orange County, California, unless mandated by law to be brought in federal court, in which case such legal proceeding shall be brought in the Central District Court of California.

H. If any provision of this Agreement is rendered invalid or unenforceable by appliable laws or is declared null and void by any court of competent jurisdiction, the remainder of the provisions hereof shall remain in full force and effect as though the invalid or unenforceable parts had not been included herein.

I. This Agreement, including its recitals and attachments, constitutes the entire agreement between the Parties and supersedes and terminates any previous agreements between the Parties. All prior or contemporaneous agreements, promises, negotiations or representations, either oral or written, relating to the subject matter and period governed by this Agreement not expressly set forth herein shall be of no further force, effect, or legal consequence after the Effective Date.

J. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which together shall be deemed one and the same instrument.

K. The persons executing this Agreement on behalf of the Parties warrant that they are duly authorized to execute this Agreement and that by executing this Agreement, the Parties are formally bound.
[signature page follows]

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SIGNATURES
PLAN: CalOptima Health
Date:

By: Yunkyung Kim, Chief Operating Officer

PROVIDER: City of Fountain Valley
Date: _____________
By: Ted Bui, Mayor
ATTEST:
________________________________________________ Date: _____________ Rick Miller, City Clerk
APPROVED AS TO FORM:
________________________________________________ Date: _____________ Vanessa Lassooy, Attorneys for the City

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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: June 17, 2025
Members of the City Council
SUBJECT: Approve the City’s voluntary participation in the Voluntary Rate Range Program (VRRP); authorize the City Manager and/or designee to execute the Intergovernmental Agreement Regarding Transfer of Public Funds between the California Department of Health Care Services (DHCS) and City of Fountain Valley; authorize the City Manager and/or designee to execute the Heath PlanProvider Agreement between CalOptima Health and City of Fountain Valley; authorize the City Manager and/or designee to execute the Heath Plan-Provider Agreement between Kaiser Foundation Health Plan and City of Fountain Valley; and authorize the payment of $530,379 to DHCS with a 2% contingency of $10,000.

Three-Year Strategic Goals
☐ Enhance the culture and environment of “A Nice Place to Live” ☒ Achieve fiscal stability by evaluating processes, and attract and retain revenue producing businesses/opportunities
☐ Attract and retain quality staff through best practices and trends ☐ Maintain, build, and modernize infrastructure to support growth and future needs of the City
☐ Not applicable
EXECUTIVE SUMMARY:

The California Department of Health Care Services (DHCS) offers local units of government that provide health care services, such as ambulance transports, the opportunity to secure additional Medi-Cal dollars to help recover the unreimbursed costs of delivering those services.

This is accomplished through an intergovernmental transfer (IGT) from Fountain Valley to DHCS, which is used to obtain a federal match. The federal match, plus the initial contribution, is then transferred back to the City. For the transfer of funds to DHCS, the City Council is requested to approve and authorize the City Manager to sign the agreement between the California Department of Health Care Services (DHCS) and the City of Fountain Valley and authorize the payment amount of $530,379 to DHCS with a 2% contingency of $10,000. This amount is already in the Fire Department's budget; therefore, the Fire Department is not requesting additional funds. For the transfer of funds back to the City, the City Council is

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CY 2024 Voluntary Rate Range Program IGT Staff Report
June 17, 2025

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requested to approve and authorize the City Manager to sign the agreements between CalOptima Health and Kaiser Foundation Health Plan and the City of Fountain Valley. Staff recommends participating in both the CalOptima and Kaiser VRRP IGT programs.

DISCUSSION:

The City recovers the costs of delivering emergency medical services (EMS) through user fees established by the City Council. Due to the nature of EMS cost recovery in the healthcare industry, the City has limited control over the actual amount of cost recovery collected.

Welfare and Institutions Code sections 14164 and 14301.4 authorize the California Department of Health Care Services (DHCS) to implement a Voluntary Rate Range Program related to the Medi-Cal managed care capitation rate ranges. The funding amounts under the Voluntary Rate Range Program represent the non-federal share of the difference between the Medi-Cal managed care plans' contracted capitation rates and the top of the plans' actuarially sound rate range, as determined by the Department of Health Care Services (DHCS). This program allows the City to secure additional federal funding to offset previously unreimbursed costs associated with providing emergency medical services (EMS) and ambulance services to CalOptima and Kaiser members who are Medi-Cal patients.

CalOptima was created by the Orange County Board of Supervisors in 1993 and serves as the Medi-Cal managed care plan for Orange County. In 2016, CalOptima allowed fire departments that provide ambulance transport services the ability to participate in the Medi-Cal Managed Care Rate Range IGT Program. Kaiser Foundation Health Plan expanded its Medi-Cal participation with a direct contract with the Department of Health Care Services (DHCS), effective January 1, 2024. The VRRP IGT program is voluntary, and there is no contractual guarantee that the City will receive its initial investment. However, Fountain Valley and other local California governments participating in the VRRP IGT program have previously received their initial investment back, plus the additional IGT funds, resulting in a net revenue/cost recovery increase.

In January of 2025, CalOptima Health and Kaiser Foundation Health Plan contacted the Fire Department to inquire about the City's interest in participating in the next round of VRRP IGT for ambulance services provided in Calendar Year 2024. Due to the success of the previous year's VRR Program with CalOptima, the Fire Department submitted letters of interest to CalOptima and Kaiser.

The City's participation in the program is contingent upon the availability of federal funding and the City's ability to provide the required upfront contribution. The contribution and net cost recovery received annually by the City are also dependent on other factors, such as the number of program participants in the County and the number of Medi-Cal calls for service.

For Calendar Year 2024, more Orange County agencies joined the VRR Program, which is why the projected cost recovery is lower than last year. To participate in the program again, agreements with DHCS, CalOptima, and Kaiser must be approved by the City Council and

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CY 2024 Voluntary Rate Range Program IGT Staff Report
June 17, 2025

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executed by their designee. The agreement with DHCS outlines the necessary transfer of funds for the service period, including a 20% administrative fee. The contracts with CalOptima and Kaiser outline the terms under which the City is paid for the unreimbursed costs of providing transportation services to Medi-Cal plan members, as well as additional federal funds made available through participation in the IGT program.

If approved and once the required agreements are in place, the City will receive a funds transfer request from DHCS. DHCS estimates that invoicing for agency IGT amounts will occur in October 2025, with a payment collection deadline of November 21, 2025. The Fire Department has already budgeted for the payment amount, and no new funds are being requested.

Staff recommends approval and authorization to execute agreements with DHCS, CalOptima, and Kaiser, as well as authorization to make a payment in the amount of $530,379 to DHCS, with a 2% contingency of $10,000 for any unforeseen changes.

FISCAL REVIEW:

To participate as a funding entity, the City must transfer $530,379 in local funds to the Department of Health Care Services (DHCS). This includes the 20 percent assessment fee of $88,396. DHCS will then use the local funds provided to draw down additional federal funds and assess the highest allowable Medi-Cal reimbursement rate from the federal government.

The total amount returned to Fountain Valley is expected to be $1,119,477. Before distributing the IGT-funded capitation rate increase to the City, CalOptima will retain up to $22,390 (2% of the net cost recovery). From the returned amount, the City expects to be fully reimbursed for the initial contribution and the 20 percent assessment fee, as well as receiving up to $566,710 in new cost recovery from the IGT-funded federal match.

The required upfront payment and subsequent disbursement from CalOptima and Kaiser are calculated below and are based on Medi-Cal managed care services provided by the City during the period from January 1, 2024, to December 31, 2024.

Payment To DHCS
($441,982) Estimated Contribution (Non-Federal Share)
($88,396) 20% DHCS Administration Fee
($530,379) Total Amount that Fountain Valley Pays
Payment Back To Fountain Valley
$1,119,477 Estimated Total Disbursement to Fountain Valley ($22,390) 2% Administration Fee Retained by CalOptima and Kaiser ($530,379) Total Amount that Fountain Valley Paid
$566,710 Estimated Net Cost Recovery that Fountain Valley Receives

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CY 2024 Voluntary Rate Range Program IGT Staff Report
June 17, 2025

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Historic (CY 2023) VRRP Cost Recovery
($936,815) Actual Contribution (Non-Federal Share + DHCS Admin. Fee) $2,352,283 Actual Disbursement Received from CalOptima
$1,415,468 Net Cost Recovery that Fountain Valley Received ATTORNEY REVIEW:

The Attorney(s) for the City has reviewed and approved the agreements.

ALTERNATIVES:

Alternative No. 1: Approve the City’s voluntary participation in the Calendar Year 2024 Voluntary Rate Range Program Intergovernmental Transfer (VRRP IGT); authorize the City Manager and/or designee to execute the Intergovernmental Agreement Regarding Transfer of Public Funds with the California Department of Health Care Services; authorize the City Manager and/or designee to execute the Health Plan-Provider Agreement Intergovernmental Transfer Rate Range Program Agreement with CalOptima Health; authorize the City Manager and/or designee to execute the Health Plan-Provider Agreement Intergovernmental Transfer Rate Range Program Agreement with Kaiser Foundation Health Plan; and authorize the payment of $530,379 to the California Department of Health Care Services (DHCS) with a 2% contingency of $10,000.

Alternative No. 2: Do not approve the City’s voluntary participation in the Calendar Year 2024 Voluntary Rate Range Program Intergovernmental Transfer (VRRP IGT).

RECOMMENDATION:

Staff recommends Alternative No. 1.

Prepared by: Tim Saiki, Battalion Chief
Reviewed by: William McQuaid, Fire Chief
Fiscal review by: Ryan Smith, Finance Director
Approved by: Maggie Le, City Manager
Attachments:

1. Agreement with Department of Heath Care Services (DHCS)

2. Agreement with CalOptima Health

3. Agreement with Kaiser Foundation Health Plan

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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: September 25, 2025 Members of the City Council
SUBJECT: Approval of the agreement with the Municipal Water District of Orange County (MWDOC) for Sharing Consultant Costs for 2025 Urban Water Management Plans in the amount of $62,004 plus a contingency of 10% for a total amount not to exceed $68,204
Three-Year Strategic Goals
☐ Enhance the culture and environment of “A Nice Place to Live” ☐ Achieve fiscal stability by evaluating processes, and attract and retain revenue producing businesses/opportunities
☐ Attract and retain quality staff through best practices and trends ☐ Maintain, build, and modernize infrastructure to support growth and future needs of the City
☒ Not applicable

EXECUTIVE SUMMARY
Staff is requesting that City Council approve the agreement with the Municipal Water District of Orange County (MWDOC) for Sharing Consultant Costs for 2025 Urban Water Management Plans in the amount of $62,004 plus a contingency of 10% for a total amount not to exceed $68,204.

Per the requirements of the Urban Water Management Planning Act (Act) (California Water Code, Sections 10610-10656), the City of Fountain Valley must prepare, adopt, and file an Urban Water Management Plan (UWMP) with the California Department of Water Resources (DWR) by July 1, 2026. UWMPs are comprehensive documents that evaluate a water supplier’s reliability over a long-term horizon, including present and future water supply.

MWDOC is coordinating a joint effort between MWDOC and 23 interested member agencies to facilitate compliance with the Act and take advantage of potential cost savings through economies of scale. To ensure compliance with the requirements of the Act, staff believes that it is in the best interest of the City to participate in the cost-sharing agreement offered by MWDOC and work with Carollo Engineers, Inc. (Carrollo), the selected consultant, to prepare the City’s 2025 UWMP. Participating will allow the City to benefit from Carollo’s expertise and a coordinated multi-agency approach that will facilitate the process, saving time and money.

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Fountain Valley City CouncilSeptember 25, 2025

Fountain Valley City Council
September 25, 2025