Agenda — Fountain Valley City Council, February 17, 2026 (part 1 of 2)

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 5:00 p.m.

Regular Meeting 6:00 p.m.

Tuesday, February 17, 2026
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.

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 the Cit y Counci l 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
Time: Feb 17, 2026 04:45 PM Pacific Time (US and Canada) Join Zoom Meeting
https://fountainvalley.zoom.us/j/81387025713?pwd=hv97w8L79L1bo1xu1aSsJvw2JsYyRh.1 Meeting ID: 813 8702 5713
Passcode: 342998

YOUTUBE INFORMATION
The City Council meeting is streamed live via Youtube, you can access the live City Council meeting by clicking on this link to access the broadcast on Youtube: https://www.youtube.com/@CityofFV

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—ANTICIPATED LITIGATION Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9:
(1 potential case)

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 Metals

3. 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 5:00 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. City Council expenditures (legal/conference) and City Manager Authority Contracts – Presentation by Ryan Smith, Finance Director

2. City Council Policy Update – Presentation by Rick Miller, City Clerk

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

INVOCATION
SALUTE TO THE FLAG Mayor Jim Cunneen

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

ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS

CITY MANAGER / MAYOR UPDATE

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 – 6 will be approved simultaneously with one motion unless separate action/or discussion is requested.

1. Receive and File the Draft Minutes of the February 3, 2026 Regular City Council Meeting

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2. Receive and file the quarterly Treasurer’s Report for quarter ended December 31, 2025.

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Recommended Action: Receive and file the quarterly Treasurer’s Report for quarter ended December 31, 2025.

3. City of Fountain Valley Six Month Strategic Objectives for September 23, 2025 through March 17, 2026 Page 62

4. Approve the City of Fountain Valley Register of Demands for the period of 1/22/2026 to 2/4/2026 Page 69
Recommended Action: Staff recommends Alternative No. 1 to approve the attached Register of Demands representing payments made by the City of Fountain Valley between 1/22/2026 and 2/4/2026 for a total of $4,936,450.61.

5. Approval of (1) the renewal of Brightly asset management software subscriptions and (2) an agreement for managed support services, in a net-neutral total annual cost, to provide enhanced training, support, and integration continuity for Brightly asset man Page 81 Recommended Action: Approve the Brightly renewal and the managed support services agreement as presented, resulting in a $17.83 cost increase while strengthening postimplementation support, training continuity, and operational sustainability.

6. Second Reading and Adoption of an Ordinance Revising Fountain Valley Municipal Code Section 2.04.200 Regarding the Selection of Mayor and Mayor Pro Tempore Page 129 Staff recommends the City Council adopt the attached Ordinance Revising Fountain Valley Municipal Code Section 2.04.200 Regarding the Selection of Mayor and Mayor Pro Tempore.

ADMINISTRATIVE ITEMS

7. Accept the MKN & Associates Fee Proposal in the Amount of $299,372 for the Design of the Bushard Street and Slater Avenue Waterline Replacement Project (Project). – Presentation by Kyle Hilton, Senior Civil Engineer Page 134
Recommended Action: Accept the MKN & Associates fee proposal in the amount of $299,372 for the Design of the Bushard Street and Slater Avenue Waterline Replacement Project

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
The next Regular Meeting of the Fountain Valley City Council is March 3, 2026 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: Ryan Smith, Director of Finance/City Treasurer
DATE: February 17, 2026
SUBJECT: City Council Expenditures & City Manager Contract Authority ______________________________________________________________________________ EXECUTIVE SUMMARY:

Per direction of the City Council, City Staff was requested to compile information regarding City Council related expenditures for travel, supplies, and legal services, as well as the contracts that have been executed under the City Manager’s purchasing authority.

DISCUSSION:

City Council Travel Expenditures
Attached in Exhibit A is a summary of City Council travel expenditures during the last completed fiscal year (FY 2024-25) and the current fiscal year to date (FY 2025-26). These expenditures include all travel and meeting related expenses for each council member and are categorized by the event/conference attended. Some of the meetings and conferences attended include the International Council of Shopping Centers (ICSC), League of California Cities (LOCC), Association of California Cities – Orange County (ACC-OC), and the Sister Cities Summit.

City Council Supplies
Attached in Exhibit B is a listing of City Council supplies purchased during the last completed fiscal year (FY 2024-25) and the current fiscal year to date (FY 2025-26). These expenditures include any items purchased for the City Council chambers, City Council related events, and Council meetings.

City Council – Attorney Expenditures
City staff worked with the City Attorney to obtain an accounting of attorney time and charges applicable to each City Council member. However, due to how attorney time is tracked and invoiced, we are unable to give a true and accurate allocation to each individual City Council member. The City Attorney time is tracked and invoiced based on “blocks” of time. A block of time may be up to a few hours long and include time spent on a number of different issues and work efforts. These blocks may also include phone calls and meetings with a number of different City Council members and City Staff.

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City Manager Purchasing Authority
Attached in Exhibit C are all contracts during the current fiscal year (FY2025-26) that have been executed under the City Manager’s signing authority.

Section 2.36.110.a of the Fountain Valley Municipal Code states: The city manager is authorized to award and sign contracts on behalf of the city when the total amount of the city's expenditure on the contract is fifty thousand dollars or less.

Attachments:

Exhibit A – City Council Travel Expenditures
Exhibit B – City Council Supplies
Exhibit C – Contracts Executed under City Manager Authority Category Event Total
Mayor Bui ACC-OC Leadership Summit $150
Garden Grove State of City $50
ICSC Conference $1,994
ICSC SoCal Conference $500
LOCC Mayor's Academy $675
Sister Cities Summit $1,802
Mayor Networking Luncheon $50
Chamber Installation $55
LOCC Division Meeting $30
Bui Total $5,306
Council Member Constantine ACC-OC Council Members Training $50 Cal Cities Conference $704
ICSC Conference $1,717
LOCC City Leaders Summit $974
SBDN Mixer $25
Sister Cities Summit $2,002
Chamber Installation $55
LOCC Division Meeting $30
Constantine Total $5,557
Council Member Cuneen Garden Grove State of City $50
Sister Cities Summit $1,097
Chamber Installation $55
LOCC Division Meeting $30
Cuneen Total $1,232
Council Member Grandis ICSC Conference $500
Sister Cities Summit $2,518
OC Connect Luncheon $25
Chamber Installation $55
LOCC Division Meeting $30
Grandis Total $3,128
Council Member Harper ACC-OC ADVOCACY $2,588
ICSC SoCal Conference $473
SBDN Mixer $25
SCAG Conference $413
LOCC Division Meeting $30
Harper Total $3,529
Grand Total $18,753
FY 2024-25 City Council Meetings/Conferences
Exhibit A
Category Event Total
Mayor Cunneen LOCC Meeting $ 30
Placentia State of the City 55 $
Sister Cities Summit $ 1,286
ICSC Conference $ 1,508
LOCC Expo $ 675
Cuneen Total $ 3,553
Council Member Bui OC Forum Meeting $ 125
Placentia State of the City 55 $
Sister Cities Summit $ 219
ICSC Conference 500$
LOCC Expo $ 675
Bui Total $ 1,574
Council Member Harper LOCC Meeting $ 30
LOCC Expo $ 675
Washington DC Adcovacy 569 $
Harper Total $ 1,274
Council Member Constantine Sister Cities Summit $ 286
Constantine Total $ 286
Council Member Grandis Sister Cities Summit $ 908
Grandis Total $ 908
Grand Total $ 7,595
FY 2025-26 City Council Meetings/Conferences
Exhibit A
FY 2024-25

ACCOUNT DESCRIPTION EFF DATE AMOUNT VDR NAME/ITEM DESC COMMENTS 100.10.10100.53015 OFFICE SUPPLIES 07/01/2024 18.00 ORANGE COUNTY REGISTER (SUBSCRIPTIONS) OCR SUBSCRIPTIONS 100.10.10100.53015 OFFICE SUPPLIES 07/01/2024 196.00 MANHATTAN STITCHING CO, INC 100.10.10100.53015 OFFICE SUPPLIES 07/24/2024 734.00 AMAZON 100.10.10100.53015 OFFICE SUPPLIES 07/31/2024 18.99 CC* CRUMBL FOUNTAINVAL 100.10.10100.53015 OFFICE SUPPLIES 07/31/2024 50.00 ALBERTSONS #0170 100.10.10100.53015 OFFICE SUPPLIES 08/13/2024 810.56 AMAZON 100.10.10100.53015 OFFICE SUPPLIES 08/30/2024 130.50 QUANTUM SIGNS AND GRAPHIC 100.10.10100.53015 OFFICE SUPPLIES 10/31/2024 16.31 DOLLAR TREE 100.10.10100.53015 OFFICE SUPPLIES 10/31/2024 29.16 PARTY CITY 749 100.10.10100.53015 OFFICE SUPPLIES 11/06/2024 -27.26 AMAZON 100.10.10100.53015 OFFICE SUPPLIES 12/31/2024 185.09 AWARDS & TROPHIES COM 100.10.10100.53015 OFFICE SUPPLIES 12/31/2024 249.70 LOWE'S 100.10.10100.53015 OFFICE SUPPLIES 12/31/2024 12.23 DOLLAR TREE 100.10.10100.53015 OFFICE SUPPLIES 01/13/2025 130.50 QUANTUM SIGNS & GRAPHICS 100.10.10100.53015 OFFICE SUPPLIES 01/13/2025 108.75 QUANTUM SIGNS & GRAPHICS 100.10.10100.53015 OFFICE SUPPLIES 01/31/2025 166.46 IN *MANHATTAN STITCHING C 100.10.10100.53015 OFFICE SUPPLIES 03/31/2025 891.45 TYNDELL PHOTOGRAPHIC A 100.10.10100.53015 OFFICE SUPPLIES 03/31/2025 -25.00 TYNDELL PHOTOGRAPHIC A 100.10.10100.53015 OFFICE SUPPLIES 05/05/2025 592.63 MANHATTAN STITCHING CO, INC 100.10.10100.53015 OFFICE SUPPLIES 06/30/2025 180.91 BAUDVILLE INC.

Total $ 4,468.98
FY 2025-26 To date

ACCOUNT DESCRIPTION EFF DATE AMOUNT VDR NAME/ITEM DESC

CITY COUNCIL EMBRIODERED SHIRT

EZ-UP, TELEPROMPTER, MISC SUPP

THANK YOU GIFT FOR CRASH CHAMP

AIR PURIFIERS, OFFICE SUPPLIES

QUESTIONS FOR CITY COUNCIL BAN

OFFICE DECOR FOR CITY COUNCIL

AIR PURIFIERS, OFFICE SUPPLIES

NAMEPLATES, BADGES FOR COUNCIL

CHRISTMAS WREATHS AND POINSETT

SWEAR IN CEREMONY SUPPLIES

CITY BANNER FOR PARADES

CITY COUNCIL BANNER

EMBROIDERED SHIRTS

CERTIFICATE FOLDERS

REFUND FOR SETUP CHARGE

CITY COUNCIL EMBROIDERED SHIRT

CERTIFICATE OF RECOGNITION FOI

COMMENTS
100.10.10100.53015 OFFICE SUPPLIES 01/05/2026 1,265.63 QUANTUM SIGNS & GRAPHICS MISSION STATEMENT INSTALLATION 100.10.10100.53015 OFFICE SUPPLIES 12/31/2025 363.54 MANHATTAN STITCHING CO, INC EMBROIDERED SHIRTS FOR COUNCIL 100.10.10100.53015 OFFICE SUPPLIES 12/31/2025 213.41 AWARDS TROPHIES COMPANY NAME BADGES FOR COUNCIL 100.10.10100.53015 OFFICE SUPPLIES 11/30/2025 116.50 SAM'S CLUB HALLOWEEN CANDY 100.10.10100.53015 OFFICE SUPPLIES 10/30/2025 56.74 SAM'S CLUB CITIZENS ACADEMY MEAL; OFFICE 100.10.10100.53015 OFFICE SUPPLIES 10/30/2025 25.71 COSTCO BY INSTACART FINANCE PRESENTATION; COUNCIL 100.10.10100.53015 OFFICE SUPPLIES 10/30/2025 42.18 WALMART.COM COUNCIL COFFEE STATION REFILL 100.10.10100.53015 OFFICE SUPPLIES 09/30/2025 94.85 SAM'S CLUB DISPATCH EMERGENCY FOOD 100.10.10100.53015 OFFICE SUPPLIES 07/31/2025 27.15 HOME DEPOT CREDIT SERVICE HB PARADE FLOAT DECOR Total $ 2,205.71
City Council Supplies
Exhibit B
FY FY PERIOD CON # VENDOR NAME REVISED $ CONTRACT DESC
2026 1 1597 RIFENBURGH, COREY $ 2025 CONCERTS IN THE PARK-7/31/2025-REDNECK RODEO 4,200.00 2026 1 1598 PHAIRAS, MATTHEW G. $ 2025 CONCERTS IN THE PARK-7/24/2025-STONE SOUL 2,800.00 2026 1 1599 LOZANO, CHRIS $ 2025 CONCERTS IN THE PARK-7/17/2025-CHRIS LOZANO 1,800.00 2026 1 1600 BEEMAN, WILLIAM L. $ 2025 CONCERTS IN THE PARK-7/10/2025-RADIO ROYALTY 2,200.00 2026 1 1601 BUCKNAM INFRASTRUCTURE GROUP, INC $ 25/26 PAVEMENT MGMT & GIS O&M (BUCKNAM) 50,000.00 2026 1 1602 GEMINI GROUP CONSULTING LLC $ CONSUMER CONFIDENCE REPORT SERVICES (GEMINI) 7,267.00 2026 1 1604 ADKINS, BERTRUM A. $ RANGEMASTER AGREEMENT (ADKINS) 12,000.00 2026 1 1605 MATTEROLI, LISA $ BACKGROUND INVESTIGATIVE SERVICES (LISA MATTEROLI) 50,000.00 2026 2 1606 CURTIS ROSENTHAL, INC. $ APPRAISAL SERVICES FOR LOS CAB UNITS (CURTIS) 5,000.00 2026 1 1608 THOMSON REUTERS WEST $ PUBLIC & PROPRIETARY RECORD SEARCHES (THOMSON) 25,392.07 2025 11 1612 CARL WARREN & COMPANY $ THIRD PARTY ADMIN CLAIMS THRU PRISM (CARL WARREN) 16,200.00 2026 3 1615 COMMUNITY SENIOR SERV, INC. $ MEALS ON WHEELS PROGRAM (COMMUNITY SR SERV) 10,650.00 2026 3 1616 COMMUNITY SENIOR SERV, INC. $ DELIVERY OF MEALS TO TO SENIORS' HOMES (COMMUNITY) 6,200.00 2026 3 1617 INTERVAL HOUSE $ SHELTER AND SUPPORT SRVCS FOR HOMELESS (INTERVAL) 13,264.00 2026 3 1618 WAYMAKERS $ AT RISK YOUTH SERVICES (WAYMAKERS) 6,800.00 2026 3 1619 FAIR HOUSING COUNCIL OF $ HOUSING DISCRIMINATION ASSISTANCE (FAIR HOUSING) 5,000.00 2026 3 1620 BOYS & GIRLS CLUBS OF $ SUBRECIPIENT AGREEMENT (BOYS & GIRLS CLUBS) 8,263.00 2026 4 1622 THE LIGHTHOUSE OUTREACH $ SR CASE MGMT & REFERRAL/SOCIAL SVC (LIGHTHOUSE) 45,000.00 2026 4 1623 RETURN TO WORK PARTNERS, INC $ INTERACTIVE PROCESS MEETING FACILITATION (RETURN 7,500.00 2026 5 1626 HYUNDAI MOTOR AMERICA $ PURCHASE AGREEMENT OF 11 HYUNDAI VEHICLES 11.00 2026 5 1627 RCS INVESTIGATIONS & CONSULTING, LL $ BACKGROUND & ADMIN INVESTIGATION SVCS (RCS INVEST) 20,000.00 2026 5 1628 JL GROUP, LLC $ ADMINISTRATIVE INVESTIGATION AND.... (JL GROUP) 25,000.00 2026 5 (Change O JL GROUP, LLC $ ADMINISTRATIVE INVESTIGATION AND.... (JL GROUP) 25,000.00 2026 5 1629 SURVEYMONKEY INC. $ SURVEY MONKEY SUBSCRIPTION - 3 YEAR EXP 10/28/28 27,000.00 2026 5 1630 COM-STRAT LLC $ MS TEAMS PHONE IMPLEMENTATION (COM-STRAT) 30,000.00 2026 5 1633 NMK CORPORATION $ PROFESSIONAL SERVICES FOR IT SOLUTIONS 45,000.00 2026 6 1635 DJE SOUND & LIGHTING, INC $ 2025 CONCERTS IN THE PARK (DJE SOUND & LIGHTING) 10,016.51 2026 6 1636 WAGNER, DARRELL $ 2025 ENTERTAINMENT- SANTA (DARRELL WAGNER) 895.00 2026 6 1638 PYRO SPECTACULARS INC. $ CHRISTMAS FIREWORKS DISPLAY (PYRO SPECTACULARS) 15,000.00 2026 6 1640 QUENCH USA, INC. $ WATER SYSTEM FOR CITY BUILDINGS (CULLIGAN QUENCH) 37,166.00 2026 6 1641 QUADIENT LEASING USA, INC $ POSTAGE MACHINE LEASE-60 MONTH (QUADIENT) 23,000.00 2026 6 1642 THE COUNSELING TEAM INTERNATIONAL $ SHORT TERM COUNSELING PD & FD (COUNSELING TEAM) 18,900.00 2026 6 1645 TRIPEPI, SMITH & ASSOCIATES $ STRATEGIC PLAN DEVELOPMENT CONSULTING SVCS(TRIPEPI 48,702.50 2026 7 1647 WOODRUFF, SPRADLIN & SMART $ LEGAL SVCS CONCERNING RETIRED EMPLOYEES (WOODRUFF) 15,000.00 2026 7 1648 HENSLEY, MARK D. $ CITY COUNCIL COMPLAINT INVESTIGATION SVCS(HENSLEY) 50,000.00 2026 7 1650 CITYTECH SOLUTIONS, INC $ PRO. SERVICES FOR CITYTECH SOFTWARE INTEGRATION 49,000.00 2026 8 1653 IMGB SOLUTIONS $ PROFESSIONAL SERVICES FOR IT SOLUTIONS 45,000.00 FY 2025-26 Executed Contracts under City Manager Authority Exhibit C
City of Fountain Valley
Memorandum
TO: Mayor Cunneen and City Council Members
FROM: Rick Miller, City Clerk
DATE: February 17, 2026
SUBJECT: Study Session – City Council Policy Update
______________________________________________________________________________ In 2024, staff brought forward all the City Council policies so that the City Council could review, modify if desired and approve the policies. Staff also indicated that these policies would come before the City Council annually with any revisions, additions or removal of any policies.

The following are the City Council policies that staff recommend be, revised, added or removed from the City Council Policy Manual:

Revisions:

Recycling and Conservation Efforts
Sidewalk Inspections, Repair and/or Replacement
Tree Maintenance, Removal and Reforestation
City Council Policy on Social Media
Labor Relations with City Employees
Additions:

Complaints Against Council Members
Language Translation Policy
Removal:

Military Leave Policy
Staff Recommendation:

Staff is seeking the City Council direction on the attached recommended policy changes as well as input on any other policy the City Council feels need to be addressed. ** Staff also received the following suggested revisions for Council consideration (these have not been incorporated into the red line version):

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A) Public Records & Records Retention Policies
The existing Public Records/Records Hold policies do not reflect current state law.

Necessary updates include:

• Adding references to SB 272, AB 474, electronic messaging, and text-message retention.
• Addressing use of private phones/emails for City business. • Including requirements for retention of social media communications.

B) Parliamentary Procedures and Meeting Conduct (I understand that some of these is in order city ordinances but I think it should also reflect in the council policy) Recommended Updates:
• Include rules for handling disruptions in Council Chambers. • Add standards for virtual meeting participation post-AB 2449. • Add rules governing Council member behavior, crosstalk, and decorum. • Insert explicit Brown Act guidance regarding serial meetings, texting during meetings, and digital communication.

C) Committee and Commission Appointment Policy
Recommended Modernization:
• Implement a digital application submission platform.
• Add diversity, equity, transparency, and public-engagement standards. • Add conflict-of-interest criteria.
• Provide an optional scoring rubric.
• Establish clear rules for mid-term vacancy appointments.

D) CITY USE OF PRIVATE SOCIAL MEDIA PLATFORMS
ISSUE
The city requires clear standards for when and how official City information may be posted on privately owned or privately administered social-media platforms.

PURPOSE
To establish legally compliant guidelines for City postings in resident-run Facebook groups, Instagram pages, Nextdoor neighborhoods, and similar online communities.

SCOPE
This policy applies to:
• All City departments and the City Manager’s Office
• Public Information Officers
• City staff and contractors posting on behalf of the city • Any City-sanctioned outreach effort

POLICY STATEMENT

1. General Policy

1.1 The City may post factual, non-political, official information on private platforms when doing so improves public access or supports emergency communication.

1.2 The City shall not manage, moderate, or operate any private social-media group.

1.3 Posting does not constitute endorsement of the platform or any viewpoints expressed.

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2. Content Limitations

2.1 Permitted Content
• Public safety alerts
• Emergency notifications
• City events
• Road closures
• Public meeting announcements
• City program/service information

2.2 Prohibited Content
• Political information or advocacy
• Opinions or arguments
• Election-related content beyond legally required notices • Responses to political debates in private groups

3. Prohibition on Posting in Political Groups

3.1 The City shall discontinue posting whenever a private platform is deemed political in nature.

3.2 Criteria include whether the group:
• Endorses or opposes candidates or ballot measures
• Organizes political fundraising
• Explicitly states a political purpose
• Contains predominantly political debate

3.3 Posting in political groups creates risks involving:
• Appearance of favoritism
• Brown Act violations
• Public Records Act complications
• First Amendment forum creation
• Government Code §54964 (prohibiting public funds for campaigning)

3.4 When discontinuing use, the City Manager’s Office may issue a neutral explanation and direct residents to official City platforms.

4. Non-Interference and Comment Restrictions

4.1 City staff shall not moderate or influence comments.

4.2 No staff member shall engage in debate or political discussion.

4.3 Replies are limited to:
• Factual corrections
• Emergency clarifications
• Legally required notifications

5. Public Records & Legal Compliance

5.1 All City posts are subject to:
• PRA disclosure
• Records-retention laws
• First Amendment neutrality rules
• Government Code restrictions

5.2 Personal accounts may not be used for official postings unless formally authorized and logged as PRA-compliant.

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6. Oversight and Review

6.1 The City Manager shall maintain a list of approved and prohibited platforms.

6.2 The list shall be reviewed twice per year.

6.3 Council Members may request reevaluation at any time.

E) CIVILITY & BEHAVIORAL STANDARDS FOR ELECTED AND APPOINTED

OFFICIALS
(“Policy Against Harassment, Discrimination and Retaliation,” pp. 86–92.) Final City Council Policy Manual
I. PURPOSE
To adopt civility, conduct, and communication standards aligned with the League of California Cities to ensure respectful interaction during meetings, public events, and digital communication.

II. APPLICABILITY
Applies to:
• City Council
• Planning Commission
• Boards, Committees, Advisory Bodies
• Appointees of the City Council
Covers all:
• Meetings
• Community events
• Social-media activity related to City business
• Email, text, and digital interactions
III. GUIDING PRINCIPLES
Officials shall:

1. Treat everyone with courtesy and respect

2. Listen with an open mind

3. Focus on issues, not personalities

4. Exercise self-control

5. Communicate honestly and clearly

6. Support democratic processes

7. Honor City policies and staff roles

8. Model professional behavior
IV. REQUIRED STANDARDS OF BEHAVIOR

1. Conduct Toward the Public
• Ensure speakers feel welcomed and safe
• Avoid sarcasm, ridicule, belittling language
• Avoid retaliation or intimidation

2. Conduct Toward Colleagues
• Disagree respectfully
• Avoid interruptions or hostile tones
• No undermining colleagues on or off social media

3. Conduct Toward Staff
• Respect the City Manager’s administrative authority

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• Avoid directing staff outside established channels
• Refrain from public criticism of staff performance

4. Meeting Conduct
• Follow presiding officer direction
• Avoid texting/social media during meetings
• No disruptions, outbursts, insults

5. Social Media Conduct
• No ridicule, harassment, or inflammatory content
• No retaliatory behavior
• Comply with Brown Act, AB 992, PRA
• Avoid posting during meetings

6. Prohibited Conduct
• Bullying or abusive conduct
• Verbal or written intimidation
• Hostile environment creation
• Use of office to threaten or coerce
• Knowingly spreading misinformation

F) COMPLAINT PROCESS & ENFORCEMENT
(Cal Cities Framework)

1. Who May Submit a Complaint
Complaints regarding violations of this Civility & Behavioral Standards Policy may be submitted by:
• Members of the public
• City staff
• Elected or appointed officials
• Contractors or meeting participants

2. Filing Procedure
• Complaints shall be submitted to the mayor.
• If the complaint concerns the mayor, it shall be submitted to the Vice Mayor.

3. Review & Referral Process
The Mayor or Vice Mayor shall:

1. Refer the matter to the City Attorney for initial review, including a determination whether the complaint alleges conduct within the scope of this Policy.

2. If warranted, the City Attorney may refer the complaint to an outside, independent attorney for investigation to ensure neutrality and impartiality.

3. The independent attorney shall conduct fact-finding, interview parties and witnesses, and issue a written findings report to the Mayor/Vice Mayor and City Council.

4. Determination of Violation & Responsibility for Investigation Costs • If the independent investigation determines that no violation occurred, the City shall bear all investigation costs.
• If the independent investigation determines that a violation did occur, the offending official shall reimburse the City for the reasonable costs of the independent attorney’s investigation, including attorney fees.

Page 6 ends

• The City Council may establish procedures for invoicing, deadlines, and appeal rights related to reimbursement.

5. Possible Findings
Findings may include:
• No violation
• Minor violation
• Substantial violation
• Pattern of behavior
• Abuse of office

6. Corrective or Disciplinary Actions
Depending on the findings, the City Council may impose one or more of the following:
• Verbal admonition
• Written reprimand
• Mandatory training (ethics, AB 1661, civility workshop) • Removal from committees, boards, or liaison assignments • Formal censure
• Restrictions on representing the City at events
• Public apology
• Cost reimbursement for the independent attorney investigation if the official is found to have violated the Policy
• Referral to the FPPC or District Attorney when warranted

7. Repeated or Egregious Misconduct
Severe or repeated violations especially those involving intimidation, retaliation, abuse of office, or threats may result in:
• Escalated disciplinary sanctions
• Removal from leadership or liaison roles
• Loss of discretionary travel and conference privileges • Any additional discipline authorized under applicable laws.

MINUTES OF THE

CITY COUNCIL/ SUCCESSOR AGENCY TO THE FOUNTAIN

VALLEY AGENCY

FOR COMMUNITY DEVELOPMENT/ FOUNTAIN VALLEY

HOUSING AUTHORITY
Closed Session 4:30 p.m.

Study Session 5:30 p.m.

Regular Meeting 6:00 p.m.

Tuesday, February 3, 2026
Council Chambers

CLOSED SESSION
CALL TO ORDER 4:30 p.m.

PUBLIC COMMENTS (Closed Session matters only)

1. CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 54956.9:
(1 potential case)
There was no reportable action.

STUDY SESSION
CALL TO ORDER 5:30 p.m.

PUBLIC COMMENTS
None

1. Discussion Regarding the Changing of Council Meeting Dates when Preceded by a City Recognized Monday Holiday – Presentation by Rick Miller, City Clerk Rick Miller presented the options for the City Council regarding changing City Council Meeting dates when a council meeting occurs after a city holiday. The City Council took no action on this item.

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

INVOCATION Honorable Thich Thong Hai - Faith leader
representing the Buddhist community
SALUTE TO THE FLAG Vice Mayor Patrick Harper

Page 5 ends

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

All present

ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS
Item number 1 had minor corrections to the minutes.

CITY MANAGER / MAYOR UPDATE
City Manager Maggie Le and Mayor Cunneen provided their updates.

PRESENTATIONS
 Recognition of Tam Nguyen and Jan Nguyen on being named as members of the 125 Most Influential People in Orange County for 2025 – Presentation by Mayor Cunneen Mayor Cunneen recognized Tam Nguyen for his recognition as one of Orange County’s 125 Most Influential People in 2025. Jan Nguyen was unable to attend.  Recognition of Former Planning Commissioner Richard Lopez – Presentation by Mayor Cunneen
Mayor Cunnen recognized Richard Lopez for his work on the Planning Commission and thanked him for his 5 years of service.

FIRST CITY COUNCIL/ SUCCESSOR AGENCY/ HOUSING AUTHORITY/ PUBLIC COMMENTS (Unscheduled Matters Only)
Michelle Johnson, Harvey Liss, Vicki Johnson, Mike Rough, Susan Sonne, Bill Spear, Ben Nielsen, Katy Wright, Dee, Evan Jorgensen

CONSENT CALENDAR

1. Receive and File the Draft Minutes of the January 20, 2026 Regular City Council Meeting ACTION: Move to Receive and File the Draft Minutes of the January 20, 2026 Regular City Council Meeting
MOTION: Constantine SECOND: Grandis
AYES: Bui, Constantine, Grandis, Harper, Cunneen
NOES: None

Page 6 ends

ABSENT: None
ABSTAIN: None

2. Item pulled by Council Member Bui
Approve the City of Fountain Valley Register of Demands for the period of 1/8/2026 to 1/21/2026
ACTION: Move to Approve the City of Fountain Valley Register of Demands for the period of 1/8/2026 to 1/21/2026
MOTION: Grandis SECOND: Constantine
AYES: Bui, Constantine, Grandis, Harper, Cunneen
NOES: None
ABSENT: None
ABSTAIN: None

3. Approval of Agreement with D & B Umpires to Provide Officiating and Electronic Scorekeeping for the Adult Softball Program (RFP 25.015) ACTION: Move to Approve an Agreement with D & B Umpires to Provide Officiating and Electronic Scorekeeping for the Adult Softball Program (RFP 25.015) MOTION: Constantine SECOND: Grandis
AYES: Bui, Constantine, Grandis, Harper, Cunneen
NOES: None
ABSENT: None
ABSTAIN: None

4. Approve the City of Fountain Valley’s Participation in the Fiscal Year 2024 Urban Area Security Initiative (UASI) Grant Program and Approval of the Subrecipient Agreement ACTION: Move to Approve the City of Fountain Valley’s Participation in the Fiscal Year 2024 Urban Area Security Initiative (UASI) Grant Program and Approval of the Subrecipient Agreement
MOTION: Constantine SECOND: Grandis
AYES: Bui, Constantine, Grandis, Harper, Cunneen
NOES: None
ABSENT: None
ABSTAIN: None

5. Approval of amended professional services contract with Baker Tilly for a comprehensive

Page 7 ends

organizational assessment of the Police Department in a not-to-exceed amount of $75,258; and a Budget Amendment to appropriate $75,260 in the GF.

ACTION: Move to Approve the amended professional services contract with Baker Tilly for a comprehensive organizational assessment of the Police Department in a not-to-exceed amount of $75,258; and a Budget Amendment to appropriate $75,260 in the GF.

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

PUBLIC HEARINGS

6. Update on Vacancies and Recruitment and Retention Effort Report in Compliance with Assembly Bill 2561
Public Hearing Opened: 7:14 p.m.

Public Comment: Isaac Marquez
Public Hearing Closed: 7:17 p.m.

ACTION: The City Council did not vote on this item as it is a Receive and File item.

7. Introduce and Conduct A First Read of an Ordinance Clarifying the Procedure for Selecting the Mayor and Mayor Pro Tempore (Fvmc 2.04.200) and Approve the Ordinance for Second Reading.

Public Hearing Opened: 7:24 p.m.

Public Comment: Katy Wright
Public Hearing Closed: 7:29 p.m.

ACTION: Move to Introduce and Conduct A First Read of an Ordinance Clarifying the Procedure for Selecting the Mayor and Mayor Pro Tempore (Fvmc 2.04.200) and Approve the Ordinance for Second Reading with the amendment in section B(1) removing “his/her” and replacing with “Council Member”.

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

Page 8 ends

ABSENT: None
ABSTAIN: None

ADMINISTRATIVE ITEMS

8. Adopt the Resolutions Approving the Full-time and Part-Time Non-Represented LimitedService Ambulance Operator Classification to the City’s Classification and Compensation Plan and Amending the City’s Master Salary Schedule to Include the Existing Individually Represented Division Chief When Assigned to Administrative Duties.

ACTION: Move to Adopt the Resolutions Approving the Full-time and Part-Time NonRepresented Limited-Service Ambulance Operator Classification to the City’s Classification and Compensation Plan and Amending the City’s Master Salary Schedule to Include the Existing Individually Represented Division Chief When Assigned to Administrative Duties.

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

9. Mid-Year Budget Review for Fiscal Year 2025-26
ACTION: Move to approve the Mid-Year Budget Review for Fiscal Year 2025-26 MOTION: Constantine SECOND: Cunneen
AYES: Constantine, Grandis, Harper, Cunneen
NOES: None
ABSENT: None
ABSTAIN: Bui

APPOINTMENTS

10. Appointment to the Fountain Valley Community Foundation, Housing and Community Development Committee, Planning Commission, Advisory Committee for Persons with Disabilities and Measure HH Committee for 2026
The Following residents were appointed to the City Committee’s and Commission’s after a vote was taken by the City Council:

Planning Commission – Kristin Azcona, Matthew Langer, Anh Vu and Lisa James (Alternate) Advisory Committee for Persons with Disabilities – Janet Werts, Kayla Gulino

Page 9 ends

Housing & Community Development – Kevin Bui and Tam Nguyen Measure HH Committee – Stephen Schwarz-Active Resident Senior and Matt TayorAlternate. No seat was filled for the Business member seat and further recruitment will move forward to fill that seat.

Fountain Valley Community Foundation – Wallace Rodecker and Mary Ellen Pascucci

COUNCIL MEMBER ITEMS FOR FUTURE CONSIDERATION
Council Member Constantine requested that the city bring forward health care for council members.

Second by Council Member Grandis.

Council member Bui requested that Michelle Johnson come back and present on OCPA. There was no second.

Vice Mayor Harper requested a study session on OCPA. Second by Council Member Constantine

CITY COUNCIL/ SUCCESSOR AGENCY/ HOUSING AUTHORITY/ PUBLIC COMMENTS (Unscheduled Matters Only)
None
CITY COUNCIL/SUCCESSOR AGENCY/HOUSING AUTHORITY AB 1234/GENERAL COMMENTS Mayor Cunneen
January 21 Attended the PCTA meeting
January 22 Attended the OC Library meeting
January 23 Attended the OCTA groundbreaking ceremony
January 26 Attended the sister city advisory committee meting January 29 Presented a Certificate of Recognition to Pho Ha Noi to commemorate the Grand Opening of their restaurant and the Committee / Commission interviews January 31 Attended the TET Festival celebration at the Sapphire Center Vice Mayor Harper
January 26 Attended the OCTA Board meeting
January 28 Attended the State of the City Filming
January 29 Attended the Committee / Commission interviews January 30 Attended the Disney Government Affairs meeting and then the CALCOG Board meeting
February 2 Attended the OCTA Regional Transportation Planning Committee meeting Council Member Grandis
January 22 Attended the Kiwanis meeting and the UCI Hospital Board meeting January 27 Attended the Huntington Valley Boys and Girls Club Annual meeting January 28 Attended the OC Sanitation District Steering Committee January 29 Attended the meeting with Congressman Tran at Fire Station 1 and the Committee

Page 10 ends

/ Commission Interviews
February 2 Attended the Fountain Valley Schools Foundation Board meeting and the poker tournament planning meeting
Council Member Constantine
January 24 Attended the birthday party/campaign kickoff of fellow City Council Member Jim Cunneen at Elite CCW Firearms Training.

January 26 Stopped in at the movie for senior citizens “The Italians - 2025” at Founders Village Senior and Community Center.

January 27 Watched the Orange County Board of Supervisors Meeting on the County of Orange website. Later, I attended the monthly Green Valley Recreation Homeowners Association Board Meeting in the Adult Clubhouse. This meeting was followed by the annual Town Hall Meeting and Pizza Party for residents in the same location.

January 28 Participated in the annual filming on Field #4 of the Fountain Valley Sports Park for our annual State of the City event in March. This year’s State of the the City is baseball themed. Fun.

January 29 Participated in the Grand Opening / Ribbon Cutting for new restaurant Pho Ha Noi in the location of the former Recess. City Manager, Maggie and I stayed for a preplanned “Catchup” meeting. In the evening, participated with my fellow City Council Members in the numerous interviews for our City’s Commissions, Committees, and Boards in City Hall Conference Room 1. Lots of good prospects.

We’ll vote in our 2/3 City Council Meeting.

February 3 Participated in the City Council Meeting Agenda discussion with City Manager Maggie, as I occasionally do just prior to the City Council Meeting at City Hall.

Later, participated in a “Fire Department Items - possible Feasibility Study” Meeting at City Hall with new Fire Chief Chris’s Nigg, City Manager Maggie, Russ Martin of FVFD, and Ryan, our Finance Director.

Council Member Bui
Spoke of his trip in Washington D.C. and the elected officials he met with.

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

AUTHORITY
Mayor Cunneen adjourned the meeting in the memory of Former Public Works Director Bill Ault; and then adjourned the meeting at 8:47 p.m.pm to the next Meeting of the Fountain Valley City Council on February 17, 2026 at 6:00 p.m., in the Fountain Valley Council Chambers, 10200 Slater Avenue, Fountain Valley.
___________________________
Jim Cunneen, Mayor

Attest:
___________________________
Rick Miller, City Clerk

Page 11 ends

CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: February 17, 2026
Members of the City Council
SUBJECT: Receive and file the quarterly Treasurer’s Report for quarter ended December 31, 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 December 31, 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

Page 12 ends

Treasurer’s Report – December 31, 2025
February 17, 2026

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 December 31, 2025.

Alternative No. 2: Provide alternative direction to staff.

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

Prepared by: Ryan Smith, Finance Director/City Treasurer Approved by: Maggie Le, City Manager
Attachment 1: Treasurer’s Report – Quarter Ended December 31, 2025 Attachment 2: Chandler Asset Management Portfolio Report – December 31, 2025 Attachment 3: LAIF Statement – December 31, 2025
Attachment 4: PARS Statement – December 31, 2025

Page 13 ends

Page 14 ends

MONTHLY ACCOUNT STATEMENT
City of Fountain Valley | Account #10295 | As of December 31, 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

Page 15 ends

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Total Rate of Return** 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (05/01/15)
City of Fountain Valley 0.21% 1.15% 6.20% 6.20% 4.94% 4.90% 1.73% 2.08% 1.96% Benchmark Return 0.19% 1.11% 5.73% 5.73% 4.57% 4.48% 1.34% 1.75% 1.64% Average Modified Duration 2.51
Average Coupon 3.75%
Average Purchase YTM 4.16%
Average Market YTM 3.73%
Average Credit Quality* AA
Average Final Maturity 2.88
Average Life 2.75
End Values as of
11/30/2025
End Values as of
12/31/2025
Market Value 57,315,876.34 57,435,695.30
Accrued Interest 468,840.38 467,356.26
Total Market Value 57,784,716.71 57,903,051.56
Income Earned 108,805.06 246,150.64
Cont/WD 0.00 0.00
Par 56,960,506.86 57,139,061.39
Book Value 56,031,012.71 56,197,072.58
Cost Value 56,031,012.71 56,197,072.58
United States 57.20%
FHLMC 3.53%
Inter-American Development Bank 2.77%
Federal Home Loan Banks 2.40%
Toyota Motor Corporation 2.24%
Bank of America Corporation 1.38%
JPMorgan Chase & Co. 1.37%
Morgan Stanley 1.31%
**Periods over 1 year are annualized.

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

Page 16 ends

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV) 100.0 3.5 Compliant
Max % Issuer (MV) 25.0 3.5 Compliant
Max Maturity (Years) 5.0 4.1 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 4.6 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 26.3 Compliant
Max % Issuer (MV) 5.0 2.2 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

Page 17 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 3.4 Compliant
Max % Issuer (MV) 25.0 2.4 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

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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 4.1 Compliant
Max % Issuer (MV) 10.0 2.8 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 57.2 Compliant
Max Maturity (Years) 5 4 Compliant

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RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 56,031,012.71 55,210,857.27
Maturities/Calls (800,000.00) (4,590,000.00)
Principal Paydowns (37,905.30) (355,300.15)
Purchases 2,978,805.76 11,883,401.06
Sales (1,897,501.13) (5,958,637.37)
Change in Cash, Payables, Receivables (66,751.61) 628.96 Amortization/Accretion 0.00 0.00
Realized Gain (Loss) (10,587.85) 6,122.81
Ending Book Value 56,197,072.58 56,197,072.58
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 57,315,876.34 56,115,615.27
Maturities/Calls (800,000.00) (4,590,000.00)
Principal Paydowns (37,905.30) (355,300.15)
Purchases 2,978,805.76 11,883,401.06
Sales (1,897,501.13) (5,958,637.37)
Change in Cash, Payables, Receivables (66,751.61) 628.96 Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) (46,240.91) 333,864.72 Realized Gain (Loss) (10,587.85) 6,122.81
Ending Market Value 57,435,695.30 57,435,695.30
Maturities / Calls
Month to Date (800,000.00)
Fiscal Year to Date (4,590,000.00)
Principal Paydowns
Month to Date (37,905.30)
Fiscal Year to Date (355,300.15)
Purchases
Month to Date 2,978,805.76
Fiscal Year to Date 11,883,401.06
Sales
Month to Date (1,897,501.13)
Fiscal Year to Date (5,958,637.37)
Interest Received
Month to Date 255,101.84
Fiscal Year to Date 1,017,816.42
Purchased / Sold Interest
Month to Date (7,467.08)
Fiscal Year to Date (13,135.13)

Page 20 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
47800AAC4 JDOT 2022-B A3 3.74
02/16/2027 20,805.95 07/12/20223.74%
20,803.96
20,803.96

99.96 4.07%
20,798.25

34.58 0.04%
(5.71)
Aaa/NA
AAA

1.13 0.12
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027 75,103.10 11/15/2022

5.21%
75,088.25
75,088.25
100.29

4.06%
75,324.43
173.91

0.13%
236.19
Aaa/AAA
NA

1.62 0.24
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 33,954.40 07/11/20235.47%
33,948.39
33,948.39
100.60

4.08%
34,159.22

30.96 0.06%
210.83
NA/AAA
AAA

2.15 0.42
477920AC6 JDOT 2023-B A3 5.18
03/15/2028 80,559.18 06/21/20235.18%
80,545.74
80,545.74
100.62

4.01%
81,054.62
185.47

0.14%
508.88
Aaa/NA
AAA

2.21 0.50
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 124,021.10 11/01/2023

5.74%
123,999.26
123,999.26
101.09

4.09%
125,374.54
195.33

0.22%
1,375.28
Aaa/NA
AAA

2.47 0.64
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 460,000.00 09/07/2023

5.23%
459,872.49
459,872.49
100.94

3.83%
464,329.06
1,054.93

0.81%
4,456.57
NA/AAA
AAA

2.71 0.68
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028 295,000.00 10/08/20253.97%
294,999.17
294,999.17
100.27

3.82%
295,789.13
195.19

0.51%
789.96
NA/AAA
AAA

2.74 1.47
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 325,000.00 11/19/2024

4.61%
324,989.57
324,989.57
101.10

3.89%
328,574.68
665.89

0.57%
3,585.11
Aaa/NA
AAA

3.62 1.43
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 265,000.00 03/04/2025

4.23%
264,983.33
264,983.33
100.75

3.85%
266,976.90
498.20

0.46%
1,993.57
Aaa/NA
AAA

3.71 1.77
44935CAD3 HART 2025-A A3 4.32
10/15/2029 335,000.00 03/04/20254.32%
334,950.59
334,950.59
100.74

3.90%
337,480.68
643.20

0.59%
2,530.09
NA/AAA
AAA

3.79 1.61
34532BAG6 FORDO 2025-B A3 3.91
04/15/2030 275,000.00 09/23/2025

3.91%
274,970.33
274,970.33
100.35

3.78%
275,972.13
477.89

0.48%
1,001.80
Aaa/NA
AAA

4.29 2.18
89231GAD0 TAOT 2025-D A3 3.84
06/17/2030 355,000.00 10/15/2025

3.84%
354,959.18
354,959.18
100.11

3.82%
355,380.21
605.87

0.62%
421.03
NA/AAA
AAA

4.46 2.12
Total ABS 2,644,443.74 4.49%
2,644,110.25
2,644,110.25
100.64

3.87%
2,661,213.83
4,761.41

4.63%
17,103.57

3.38 1.41
AGENCY
3130AWMN7 FEDERAL HOME LOAN BANKS

4.375 06/09/2028 550,000.00 07/26/20234.27%
552,475.00
552,475.00
102.04

3.50%
561,194.15
1,470.49

0.98%
8,719.15
Aa1/AA+
AA+

2.44 2.29
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028 800,000.00 --4.71%
788,265.00
788,265.00
102.14

3.53%
817,112.00
10,986.11

1.42%
28,847.00
Aa1/AA+
AA+

2.69 2.49
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
103.60

3.59%
569,800.00
4,426.74

0.99%
13,084.50
Aa1/AA+
AA+

3.33 3.04

Page 21 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 Agency 1,900,000.00 4.51%
1,897,455.50
1,897,455.50
102.54

3.54%
1,948,106.15
16,883.33

3.39%
50,650.65

2.80 2.59

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
100.00

3.76%
840,017.64
2,695.00

1.46%
15,439.51
Aa1/AA+
AAA

2.40 2.17
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028 631,576.65 12/15/2025

3.76%
630,269.09
630,269.09

99.74 3.81%
629,911.18
1,984.73

1.10%
(357.91)
Aa1/AAA
AA+

2.99 2.65
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 600,000.00 07/14/20254.19%
546,867.19
546,867.19

92.97 3.95%
557,833.20
1,034.50

0.97%
10,966.01
Aa1/AA+
AAA

4.07 3.79
Total Agency CMBS 2,071,576.65 4.25%
2,001,714.41
2,001,714.41

97.99 3.83%
2,027,762.02
5,714.23

3.53%
26,047.61

3.04 2.77
CASH
CCYUSD Receivable 1,942.67 -- 1,942.67
1,942.67

1.00 1,942.67

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,942.67
1,942.67
1,942.67

1.00 1,942.67

0.00 0.00%

0.00 0.00

0.00 CORPORATE
89236TJK2 TOYOTA MOTOR CREDIT CORP

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

98.79 3.80%
459,354.44
188.91

0.80%
(5,440.97)
A1/A+
A+

0.46 0.45
931142ER0 WALMART INC 1.05 09/17/2026 110,000.00 09/08/2021

1.09%
109,792.10
109,792.10

98.21 3.63%
108,032.10
333.67

0.19%
(1,760.00)
Aa2/AA
AA

0.71 0.69
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 400,000.00 03/07/20222.30%
399,924.00
399,924.00

98.42 3.65%
393,699.20
2,708.89

0.69%
(6,224.80)
Aa2/AA
A+

1.20 1.16
023135CF1 AMAZON.COM INC 3.3
04/13/2027 300,000.00 04/25/20223.34%
299,481.00
299,481.00

99.58 3.64%
298,726.80
2,145.00

0.52%
(754.20)
A1/AA
AA1.281.23
74340XBN0 PROLOGIS LP 2.125 04/15/2027 550,000.00 11/09/2022

5.16%
484,709.50
484,709.50

97.87 3.84%
538,276.75
2,467.36

0.94%
53,567.25
A2/A
NA

1.29 1.25
61772BAB9 MORGAN STANLEY 1.593
05/04/2027 550,000.00 --4.99%
491,295.70
491,295.70

99.13 4.51%
545,213.90
1,387.24

0.95%
53,918.20
A1/AA+1.34

0.33 927804GH1 VIRGINIA ELECTRIC AND POWER
CO 3.75 05/15/2027 115,000.00 05/16/20223.82%
114,641.20
114,641.20

99.81 3.89%
114,777.02
551.04

0.20%
135.82
A3/BBB+
A

1.37 1.32
14913R3A3 CATERPILLAR FINANCIAL
SERVICES CORP 3.6 08/12/2027 330,000.00 08/22/20223.81% 326,841.90
326,841.90

99.85 3.70%
329,500.71
4,587.00

0.57%
2,658.81
A2/A
A+

1.61 1.53

Page 22 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
931142EX7 WALMART INC 3.95 09/09/2027 250,000.00 --

3.98%
249,702.50
249,702.50
100.57

3.60%
251,417.00
3,072.22

0.44%
1,714.50
Aa2/AA
AA

1.69 1.52
89115A2M3 TORONTO-DOMINION BANK

5.156 01/10/2028 550,000.00 06/28/2023

5.27%
547,470.00
547,470.00
102.26

3.98%
562,450.90
13,470.05

0.98%
14,980.90
A2/AAA2.03

1.86 756109AU8 REALTY INCOME CORP 3.65
01/15/2028 525,000.00 05/17/20234.84%
499,275.00
499,275.00

99.35 3.99%
521,571.23
8,836.04

0.91%
22,296.23
A3/ANA2.04

1.91 06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 400,000.00 04/10/20235.53%
382,596.00
382,596.00

99.76 4.76%
399,040.80
6,840.71

0.69%
16,444.80
A1/AAA2.05

1.00 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

99.52 4.41%
696,605.70
9,637.60

1.21%
46,312.70
Aa3/A
AA2.101.05
79466LAF1 SALESFORCE INC 3.7 04/11/2028 700,000.00 10/05/2023

5.20%
658,350.00
658,350.00

99.99 3.70%
699,897.80
5,755.56

1.22%
41,547.80
A1/A+
NA

2.28 2.15
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

99.60 3.88%
448,193.70
2,775.00

0.78%
23,938.20
A1/A
NA

2.33 2.20
037833ET3 APPLE INC 4.0 05/10/2028 95,000.00 05/08/2023

4.04%
94,816.65
94,816.65
100.76

3.66%
95,722.00
538.33

0.17%
905.35
Aaa/AA+
NA

2.36 2.14
023135BY1 AMAZON.COM INC 1.65
05/12/2028 450,000.00 10/12/20235.14%
386,653.50
386,653.50

95.45 3.68%
429,510.60
1,010.63

0.75%
42,857.10
A1/AA
AA2.362.28
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028 500,000.00 08/17/20235.33%
495,595.00
495,595.00
102.61

4.02%
513,041.50
12,385.42

0.89%
17,446.50
A3/AA2.52

2.29 24422EXB0 JOHN DEERE CAPITAL CORP 4.95
07/14/2028 650,000.00 10/12/20235.29%
640,913.00
640,913.00
102.69

3.82%
667,503.20
14,925.63

1.16%
26,590.20
A1/A
A+

2.54 2.32
46647PDG8 JPMORGAN CHASE & CO 4.851
07/25/2028 550,000.00 08/04/20235.68%
541,799.50
541,799.50
101.29

4.64%
557,070.80
11,561.55

0.97%
15,271.30
A1/A
AA2.571.47
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 500,000.00 09/07/2023

5.53%
493,010.00
493,010.00
103.09

3.93%
515,467.50
10,833.33

0.90%
22,457.50
A1/A
AA2.592.35
89236TLB9 TOYOTA MOTOR CREDIT CORP

5.25 09/11/2028 800,000.00 10/12/20235.45%
792,984.00
792,984.00
103.51

3.86%
828,080.00
12,833.33

1.44%
35,096.00
A1/A+
A+

2.70 2.46
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 675,000.00 01/24/20244.64%
673,899.75
673,899.75
101.84

3.96%
687,390.30
13,023.75

1.20%
13,490.55
A1/A+
NA

3.08 2.80
14913UAJ9 CATERPILLAR FINANCIAL
SERVICES CORP 4.85 02/27/2029 300,000.00 07/26/2024

4.56%
303,522.00
303,522.00
102.75

3.91%
308,253.00
5,011.67

0.54%
4,731.00
A2/A
A+

3.16 2.86
61747YFD2 MORGAN STANLEY 5.164
04/20/2029 200,000.00 08/26/2024

4.53%
204,174.00
204,174.00
102.25

4.47%
204,502.00
2,036.91

0.36%
328.00
A1/AA+3.30

2.13 91159HJM3 US BANCORP 5.775 06/12/2029 550,000.00 06/20/2024

5.26%
559,955.00
559,955.00
103.94

4.51%
571,672.20
1,676.35

1.00%
11,717.20
A3/A
A

3.45 2.27

Page 23 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
437076DC3 HOME DEPOT INC 4.75
06/25/2029 235,000.00 06/17/20244.90%
233,484.25
233,484.25
102.52

3.97%
240,932.34
186.04

0.42%
7,448.09
A2/A
A

3.48 3.12
06051GHM4 BANK OF AMERICA CORP 4.271
07/23/2029 200,000.00 08/22/2024

4.61%
197,582.00
197,582.00
100.46

4.39%
200,916.60
3,748.99

0.35%
3,334.60
A1/AAA3.56

2.36 46647PAX4 JPMORGAN CHASE & CO 4.452
12/05/2029 225,000.00 12/09/20244.72%
222,830.99
222,830.99
101.03

4.36%
227,318.40
723.45

0.40%
4,487.41
A1/A
AA3.932.71
63743HFX5

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.95 02/07/2030
670,000.00 --

4.88%
671,754.90
671,754.90
102.92

4.17%
689,547.25
13,266.00

1.20%
17,792.35
A2/NA
A

4.10 3.55
571748CA8

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

4.72%
647,907.00
647,907.00
102.00

4.12%
663,030.55
8,899.58

1.15%
15,123.55
A3/AA4.20

3.67 857477DB6 STATE STREET CORP 4.834
04/24/2030 550,000.00 06/11/20254.63%
554,823.50
554,823.50
102.95

4.08%
566,242.05
4,948.14

0.99%
11,418.55
Aa3/A
AA4.313.77
06051GHV4 BANK OF AMERICA CORP 3.194
07/23/2030 200,000.00 08/25/2025

4.61%
191,676.00
191,676.00

96.59 4.42%
193,175.80
2,803.62

0.34%
1,499.80
A1/AAA4.56

3.27 828807DZ7 SIMON PROPERTY GROUP LP

4.375 10/01/2030 575,000.00 12/08/20254.27%
577,507.00
577,507.00
100.72

4.20%
579,125.05
9,223.96

1.01%
1,618.05
A3/A
NA

4.75 4.12
Total Corporate 14,970,000.00 4.78%
14,588,310.84
14,588,310.84
100.94

4.05%
15,105,259.18
194,392.96

26.30%
516,948.34

2.64 2.19

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 496,098.34 --

3.38%
496,098.34
496,098.34

1.00 3.38%
496,098.34

0.00 0.86%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 496,098.34 3.38%
496,098.34
496,098.34

1.00 3.38%
496,098.34

0.00 0.86%

0.00 0.00

0.00 SUPRANATIONAL
4581X0DV7

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

0.97%
885,923.80
885,923.80

99.14 3.77%
882,337.10
1,535.87

1.54%
(3,586.70)
Aaa/AAA
NA

0.30 0.30
45950KDD9 INTERNATIONAL FINANCE CORP

4.5 07/13/2028 240,000.00 07/06/20234.53%
239,733.60
239,733.60
102.19

3.59%
245,255.52
5,040.00

0.43%
5,521.92
Aaa/AAA
NA

2.53 2.33

Page 24 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
4581X0EN4

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

4.31%
694,246.00
694,246.00
101.46

3.63%
710,210.20
10,908.33

1.24%
15,964.20
Aaa/AAA
NA

3.13 2.86
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
100.70

3.68%
503,499.00
4,035.00

0.88%
13,914.00
Aaa/AAA
NA

3.79 3.47
Total
Supranational 2,330,000.00 3.08%
2,309,488.40
2,309,488.40
100.50

3.69%
2,341,301.82
21,519.20

4.08%
31,813.42

2.14 1.97

US TREASURY
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 700,000.00 --0.87%
696,019.54
696,019.54

98.17 3.59%
687,193.50
1,783.84

1.20%
(8,826.04)
Aa1/AA+
AA+

0.67 0.64
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 1,000,000.00 --1.26%
993,398.44
993,398.44

97.99 3.62%
979,883.00
1,926.80

1.71%
(13,515.44)
Aa1/AA+
AA+

0.83 0.81
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 650,000.00 09/27/2022

4.26%
603,636.72
603,636.72

98.76 3.53%
641,951.05
4,151.79

1.12%
38,314.33
Aa1/AA+
AA+

1.25 1.20
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 650,000.00 06/13/20223.44%
630,068.36
630,068.36

99.03 3.50%
643,703.45
3,061.46

1.12%
13,635.09
Aa1/AA+
AA+

1.33 1.28
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 650,000.00 07/12/20223.00%
657,566.41
657,566.41

99.66 3.49%
647,765.95

58.36 1.13%
(9,800.46)
Aa1/AA+
AA+

1.50 1.45
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 450,000.00 09/08/20223.36%
445,095.70
445,095.70

99.43 3.48%
447,416.10
4,778.14

0.78%
2,320.40
Aa1/AA+
AA+

1.67 1.58
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 600,000.00 10/28/2022

4.20%
598,125.00
598,125.00
101.07

3.48%
606,421.80
6,323.49

1.06%
8,296.80
Aa1/AA+
AA+

1.75 1.65
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 1,050,000.00 --3.75%
1,067,035.16
1,067,035.16
101.11

3.49%
1,061,648.70
7,418.16

1.85%
(5,386.46)
Aa1/AA+
AA+

1.83 1.74
91282CLX7 UNITED STATES TREASURY 4.125
11/15/2027 625,000.00 04/28/2025

3.76%
630,493.16
630,493.16
101.14

3.49%
632,128.75
3,347.29

1.10%
1,635.59
Aa1/AA+
AA+

1.87 1.78
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 525,000.00 01/26/2023

3.62%
531,029.30
531,029.30
100.75

3.48%
528,917.03

56.20 0.92%
(2,112.28)
Aa1/AA+
AA+

2.00 1.91
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 700,000.00 12/11/20234.37%
677,113.28
677,113.28
100.02

3.49%
700,136.50
10,252.72

1.22%
23,023.22
Aa1/AA+
AA+

2.08 1.96
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 600,000.00 03/08/2023

4.37%
557,320.31
557,320.31

98.49 3.49%
590,953.20
6,232.34

1.03%
33,632.89
Aa1/AA+
AA+

2.13 2.02
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 850,000.00 --3.63%
849,814.46
849,814.46
100.27

3.50%
852,257.60
7,872.42

1.48%
2,443.14
Aa1/AA+
AA+

2.25 2.12

Page 25 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
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 800,000.00 05/19/20233.72%
792,281.25
792,281.25

99.98 3.51%
799,875.20
4,795.58

1.39%
7,593.95
Aa1/AA+
AA+

2.33 2.20
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 875,000.00 --4.24%
852,414.06
852,414.06
100.26

3.51%
877,289.88
2,788.46

1.53%
24,875.82
Aa1/AA+
AA+

2.42 2.28
91282CHK0 UNITED STATES TREASURY 4.0
06/30/2028 850,000.00 10/13/2023

4.67%
826,259.77
826,259.77
101.17

3.51%
859,961.15

93.92 1.50%
33,701.38
Aa1/AA+
AA+

2.50 2.36
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 800,000.00 10/13/20234.67%
781,375.00
781,375.00
101.49

3.51%
811,937.60
13,809.78

1.41%
30,562.60
Aa1/AA+
AA+

2.58 2.39
91282CCV1 UNITED STATES TREASURY 1.125
08/31/2028 950,000.00 --

4.69%
802,849.61
802,849.61

93.94 3.53%
892,443.30
3,631.39

1.55%
89,593.69
Aa1/AA+
AA+

2.67 2.57
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 850,000.00 10/05/2023

4.69%
847,542.97
847,542.97
102.83

3.53%
874,038.85
10,044.13

1.52%
26,495.88
Aa1/AA+
AA+

2.75 2.54
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 650,000.00 11/17/20234.49%
610,720.70
610,720.70

98.88 3.54%
642,738.20
2,637.26

1.12%
32,017.50
Aa1/AA+
AA+

2.88 2.71
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 650,000.00 01/17/2024

4.02%
642,052.73
642,052.73
100.57

3.55%
653,681.60

67.33 1.14%
11,628.87
Aa1/AA+
AA+

3.00 2.81
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 750,000.00 02/26/20244.31%
739,599.61
739,599.61
101.27

3.56%
759,550.50
12,554.35

1.32%
19,950.89
Aa1/AA+
AA+

3.08 2.83
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 800,000.00 --4.30%
798,457.03
798,457.03
102.02

3.57%
816,187.20
11,552.49

1.42%
17,730.17
Aa1/AA+
AA+

3.16 2.90
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 850,000.00 --

4.61%
832,064.45
832,064.45
101.66

3.58%
864,078.55
8,958.28

1.50%
32,014.10
Aa1/AA+
AA+

3.25 2.99
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 800,000.00 --4.63%
799,640.62
799,640.62
103.23

3.58%
825,844.00
6,337.02

1.44%
26,203.38
Aa1/AA+
AA+

3.33 3.05
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 600,000.00 06/26/20244.33%
604,406.25
604,406.25
102.88

3.60%
617,250.00
2,373.63

1.07%
12,843.75
Aa1/AA+
AA+

3.41 3.13
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 950,000.00 --3.71%
972,701.17
972,701.17
102.11

3.60%
970,076.35
111.53

1.69%
(2,624.82)
Aa1/AA+
AA+

3.50 3.23
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 950,000.00 --3.90%
954,156.26
954,156.26
101.29

3.61%
962,283.50
15,902.17

1.68%
8,127.24
Aa1/AA+
AA+

3.58 3.26
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 1,200,000.00 --3.74%
1,167,544.92
1,167,544.92

98.31 3.62%
1,179,750.00
12,741.71

2.05%
12,205.08
Aa1/AA+
AA+

3.67 3.38
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 1,200,000.00 --3.75%
1,186,796.88
1,186,796.88

99.54 3.63%
1,194,422.40
10,730.77

2.08%
7,625.52
Aa1/AA+
AA+

3.75 3.45
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 1,050,000.00 --4.24%
1,044,560.54
1,044,560.54
101.71

3.64%
1,067,964.45
7,418.16

1.86%
23,403.91
Aa1/AA+
AA+

3.83 3.49

Page 26 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
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 1,100,000.00 --4.34%
1,089,496.10
1,089,496.10
101.73

3.65%
1,118,992.60
3,989.01

1.95%
29,496.50
Aa1/AA+
AA+

3.91 3.58
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 1,100,000.00 --4.41%
1,098,230.47
1,098,230.47
102.67

3.65%
1,129,390.90
132.94

1.97%
31,160.43
Aa1/AA+
AA+

4.00 3.65
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 750,000.00 04/15/20253.98%
750,732.42
750,732.42
101.27

3.67%
759,550.50
7,664.84

1.32%
8,818.08
Aa1/AA+
AA+

4.25 3.84
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 650,000.00 05/28/2025

4.07%
644,287.11
644,287.11
100.78

3.68%
655,078.45
4,313.88

1.14%
10,791.34
Aa1/AA+
AA+

4.33 3.93
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 700,000.00 06/23/20253.90%
703,062.50
703,062.50
101.27

3.68%
708,913.80
2,461.54

1.23%
5,851.30
Aa1/AA+
AA+

4.41 4.00
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 1,000,000.00 07/24/20253.96%
996,054.69
996,054.69
100.75

3.69%
1,007,539.00
107.04

1.75%
11,484.31
Aa1/AA+
AA+

4.50 4.09
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 700,000.00 09/22/20253.69%
698,085.94
698,085.94

99.64 3.71%
697,511.50
8,621.89

1.21%
(574.44)
Aa1/AA+
AA+

4.67 4.20
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 700,000.00 10/30/20253.72%
696,937.50
696,937.50

99.61 3.71%
697,293.10
6,483.17

1.21%
355.60
Aa1/AA+
AA+

4.75 4.28
91282CPD7 UNITED STATES TREASURY 3.625
10/31/2030 700,000.00 10/30/20253.72%
697,019.53
697,019.53

99.58 3.72%
697,046.70
4,345.99

1.21%

27.17 Aa1/AA+
AA+

4.83 4.36
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 700,000.00 12/08/2025

3.76%
691,906.25
691,906.25

98.99 3.73%
692,945.40
2,153.85

1.21%
1,039.15
Aa1/AA+
AA+

4.91 4.45
Total US Treasury 32,725,000.00 3.92%
32,257,952.17
32,257,952.17
100.43

3.58%
32,854,011.30
224,085.12

57.20%
596,059.13

3.03 2.80
Total Portfolio 57,139,061.39 4.16%
56,197,072.58
56,197,072.58

99.70 3.73%
57,435,695.30
467,356.26
100.00%
1,238,622.72

2.88 2.51
Total Market Value
+ Accrued 57,903,051.56

Page 27 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 12/01/2025 31846V203 66,046.88 FIRST AMER:GVT OBLG Y 1.000 3.64% (66,046.88) 0.00 (66,046.88) 0.00 Purchase 12/02/2025 31846V203 2,647.40 FIRST AMER:GVT OBLG Y 1.000 3.64% (2,647.40) 0.00 (2,647.40) 0.00 Purchase 12/05/2025 31846V203 5,008.50 FIRST AMER:GVT OBLG Y 1.000 3.52% (5,008.50) 0.00 (5,008.50) 0.00 Purchase 12/09/2025 828807DZ7 575,000.00 SIMON PROPERTY GROUP LP 4.375 10/01/2030 100.436 4.27% (577,507.00) (7,686.63) (585,193.63) 0.00 Purchase 12/09/2025 91282CPN5 700,000.00 UNITED STATES TREASURY

3.5 11/30/2030 98.844 3.76% (691,906.25) (605.77) (692,512.02) 0.00 Purchase 12/12/2025 31846V203 15,881.25 FIRST AMER:GVT OBLG Y 1.000 3.35% (15,881.25) 0.00 (15,881.25) 0.00 Purchase 12/12/2025 31846V203 818,000.00 FIRST AMER:GVT OBLG Y 1.000 3.35% (818,000.00) 0.00 (818,000.00) 0.00 Purchase 12/15/2025 31846V203 1,136.00 FIRST AMER:GVT OBLG Y 1.000 3.37% (1,136.00) 0.00 (1,136.00) 0.00 Purchase 12/15/2025 31846V203 30,039.99 FIRST AMER:GVT OBLG Y 1.000 3.37% (30,039.99) 0.00 (30,039.99) 0.00 Purchase 12/16/2025 31846V203 2,420.98 FIRST AMER:GVT OBLG Y 1.000 3.35% (2,420.98) 0.00 (2,420.98) 0.00 Purchase 12/18/2025 3137FKUP9 650,000.00 FHMS K-087 A2 3.771 12/25/2028 99.793 3.76% (630,269.09) (1,124.68) (631,393.77) 0.00 Purchase 12/22/2025 31846V203 9,481.16 FIRST AMER:GVT OBLG Y 1.000 3.33% (9,481.16) 0.00 (9,481.16) 0.00 Purchase 12/26/2025 31846V203 11,456.22 FIRST AMER:GVT OBLG Y 1.000 3.34% (11,456.22) 0.00 (11,456.22) 0.00 Purchase 12/26/2025 31846V203 3,458.16 FIRST AMER:GVT OBLG Y 1.000 3.34% (3,458.16) 0.00 (3,458.16) 0.00 Purchase 12/31/2025 31846V203 113,546.88 FIRST AMER:GVT OBLG Y 1.000 3.38% (113,546.88) 0.00 (113,546.88) 0.00 Total Purchase 3,004,123.42 (2,978,805.76) (9,417.08) (2,988,222.84) 0.00 TOTAL
ACQUISITIONS 3,004,123.42 (2,978,805.76) (9,417.08) (2,988,222.84) 0.00

DISPOSITIONS
Maturity 12/12/2025 3130ATUC9 (800,000.00) FEDERAL HOME LOAN BANKS 4.5 12/12/2025 100.000 4.21% 800,000.00 0.00 800,000.00 (6,032.00) Total Maturity (800,000.00) 800,000.00 0.00 800,000.00 (6,032.00) Sale 12/05/2025 31846V203 (4,131.26) FIRST AMER:GVT OBLG Y 1.000 3.52% 4,131.26 0.00 4,131.26 0.00 Sale 12/09/2025 31846V203 (1,018,711.90) FIRST AMER:GVT OBLG Y 1.000 3.52% 1,018,711.90 0.00 1,018,711.90 0.00 Sale 12/09/2025 87612EBM7 (250,000.00) TARGET CORP 1.95 01/15/2027 98.005 1.99% 245,012.50 (1,950.00) 246,962.50 (4,562.50) Sale 12/18/2025 31846V203 (629,541.30) FIRST AMER:GVT OBLG Y 1.000 3.33% 629,541.30 0.00 629,541.30 0.00

Page 28 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 12/24/2025 31846V203 (104.17) FIRST AMER:GVT OBLG Y 1.000 3.34% 104.17 0.00 104.17 0.00 Total Sale (1,902,488.63) 1,897,501.13 (1,950.00) 1,899,451.13 (4,562.50) TOTAL
DISPOSITIONS (2,702,488.63) 2,697,501.13 (1,950.00) 2,699,451.13 (10,594.50) OTHER

TRANSACTIONS
Coupon 12/01/2025 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 12/01/2025 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 4.19% 1,034.50 0.00 1,034.50 0.00
Coupon 12/05/2025 46647PAX4 0.00 JPMORGAN CHASE & CO

4.452 12/05/2029 4.72% 5,008.50 0.00 5,008.50 0.00
Coupon 12/09/2025 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 12/12/2025 91159HJM3 0.00 US BANCORP 5.775
06/12/2029 5.26% 15,881.25 0.00 15,881.25 0.00
Coupon 12/12/2025 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 12/15/2025 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 12/15/2025 58768PAC8 0.00 MBART 2022-1 A3 5.21
08/16/2027 5.21% 381.69 0.00 381.69 0.00
Coupon 12/15/2025 477920AC6 0.00 JDOT 2023-B A3 5.18
03/15/2028 5.18% 373.24 0.00 373.24 0.00
Coupon 12/15/2025 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 12/15/2025 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 12/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 4.23% 934.13 0.00 934.13 0.00
Coupon 12/15/2025 34532BAG6 0.00 FORDO 2025-B A3 3.91
04/15/2030 3.91% 896.04 0.00 896.04 0.00

Page 29 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 12/15/2025 89231GAD0 0.00 TAOT 2025-D A3 3.84
06/17/2030 3.84% 1,136.00 0.00 1,136.00 0.00
Coupon 12/15/2025 47800AAC4 0.00 JDOT 2022-B A3 3.74
02/16/2027 3.74% 78.02 0.00 78.02 0.00
Coupon 12/16/2025 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.10% 6.24 0.00 6.24 0.00
Coupon 12/18/2025 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 12/21/2025 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 627.83 0.00 627.83 0.00
Coupon 12/25/2025 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.47% 171.61 0.00 171.61 0.00
Coupon 12/25/2025 437076DC3 0.00 HOME DEPOT INC 4.75
06/25/2029 4.90% 5,581.25 0.00 5,581.25 0.00
Coupon 12/25/2025 05594HAD5 0.00 BMWLT 2025-2 A3 3.97
09/25/2028 3.97% 975.96 0.00 975.96 0.00
Coupon 12/31/2025 91282CHK0 0.00 UNITED STATES TREASURY

4.0 06/30/2028 4.67% 17,000.00 0.00 17,000.00 0.00
Coupon 12/31/2025 91282CMD0 0.00 UNITED STATES TREASURY

4.375 12/31/2029 4.41% 24,062.50 0.00 24,062.50 0.00
Coupon 12/31/2025 91282CJR3 0.00 UNITED STATES TREASURY

3.75 12/31/2028 4.02% 12,187.50 0.00 12,187.50 0.00
Coupon 12/31/2025 91282CNK3 0.00 UNITED STATES TREASURY

3.875 06/30/2030 3.96% 19,375.00 0.00 19,375.00 0.00
Coupon 12/31/2025 91282CKX8 0.00 UNITED STATES TREASURY

4.25 06/30/2029 3.71% 20,187.50 0.00 20,187.50 0.00
Coupon 12/31/2025 91282CGC9 0.00 UNITED STATES TREASURY

3.875 12/31/2027 3.62% 10,171.88 0.00 10,171.88 0.00
Coupon 12/31/2025 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 0.00 186,407.56 0.00 186,407.56 0.00
Custody Fee 12/24/2025 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

Page 30 ends

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Dividend 12/31/2025 31846V203 0.00 FIRST AMER:GVT OBLG Y 3.40% 1,942.67 0.00 1,942.67 0.00 Total Dividend 0.00 1,942.67 0.00 1,942.67 0.00
Management Fee 12/05/2025 CCYUSD (4,131.26) Cash 0.00% (4,131.26) 0.00 (4,131.26) 0.00 Total
Management Fee (4,131.26) (4,131.26) 0.00 (4,131.26) 0.00 Principal Paydown 12/15/2025 58768PAC8 12,809.85 MBART 2022-1 A3 5.21 08/16/2027 5.21% 12,809.85 -- 12,809.85 2.54
Principal Paydown 12/15/2025 477920AC6 5,905.96 JDOT 2023-B A3 5.18 03/15/2028 5.18% 5,905.96 -- 5,905.96 0.99
Principal Paydown 12/15/2025 47800AAC4 4,228.52 JDOT 2022-B A3 3.74 02/16/2027 3.74% 4,228.52 -- 4,228.52 0.40
Principal Paydown 12/16/2025 362585AC5 2,414.74 GMCAR 2022-2 A3 3.1 02/16/2027 3.10% 2,414.74 -- 2,414.74 0.51
Principal Paydown 12/21/2025 438123AC5 8,853.33 HAROT 2023-4 A3 5.67 06/21/2028 5.74% 8,853.33 -- 8,853.33 1.56
Principal Paydown 12/25/2025 05592XAD2 3,692.90 BMWOT 2023-A A3 5.47 02/25/2028 5.47% 3,692.90 -- 3,692.90 0.65
Total Principal
Paydown 37,905.30 37,905.30 -- 37,905.30 6.65

TOTAL OTHER
TRANSACTIONS 33,669.87 222,020.10 0.00 222,020.10 6.65

Page 31 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

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
496,098.34
1,069,463.55
1,079,123.42
(1,652,488.63)
496,098.34

0.00 2,647.40

0.00 0.00

0.00 2,647.40
2,647.40
CCYUSD Receivable
1,942.67
68,694.28

0.00 0.00
1,942.67

0.00 0.00

0.00 Total Cash & Equivalents 498,041.01
1,138,157.83
1,079,123.42
(1,652,488.63)
498,041.01

0.00 2,647.40

0.00 0.00

0.00 2,647.40 2,647.40

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
33,954.40
37,640.63

0.00 (3,692.25)
33,948.39

34.32 171.61

30.96 168.24

0.00 0.00

0.00 168.24
168.24

Page 32 ends

0.00 0.00
294,999.17
195.19
975.96
195.19
975.96

0.00 0.00

0.00 975.96
975.96
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
06051GHV4 BANK OF AMERICA CORP

3.194 07/23/2030
08/25/2025
08/26/2025
200,000.00
191,676.00

0.00 0.00
191,676.00
2,271.29

0.00 2,803.62
532.33

0.00 0.00

0.00 532.33
532.33
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

Page 33 ends

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
3130ATUC9 FEDERAL HOME LOAN BANKS

4.5 12/12/2025
02/08/2023
02/09/2023

0.00 806,032.00

0.00 (806,032.00)

0.00 16,900.00
18,000.00

0.00 1,100.00

0.00 0.00

0.00 1,100.00
1,100.00
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
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
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028
12/15/2025
12/18/2025
631,576.65

0.00 630,269.09

0.00 (1,124.68)
1,984.73
860.05

0.00 0.00

0.00 860.05
860.05
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
07/14/2025
07/17/2025
600,000.00
546,867.19

0.00 0.00
546,867.19
1,034.50
1,034.50
1,034.50
1,034.50

0.00 0.00

0.00 1,034.50
1,034.50
34532BAG6 FORDO 2025-B A3 3.91
04/15/2030
09/23/2025
09/26/2025
275,000.00
274,970.33

0.00 0.00
274,970.33
477.89
896.04
477.89
896.04

0.00 0.00

0.00 896.04
896.04

Page 34 ends

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
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027
04/05/2022
04/13/2022

0.00 2,414.23

0.00 (2,414.23)

0.00 3.12

6.24 0.00

3.12 0.00

0.00 0.00

3.12 3.12
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
124,021.10
132,851.03

0.00 (8,851.77)
123,999.26
209.28
627.83
195.33
613.89

0.00 0.00

0.00 613.89
613.89
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
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
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
2,420.00

0.00 4,035.00
1,615.00

0.00 0.00

0.00 1,615.00
1,615.00
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

Page 35 ends

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
477920AC6 JDOT 2023-B A3 5.18
03/15/2028
06/21/2023
06/28/2023
80,559.18
86,450.72

0.00 (5,904.97)
80,545.74
199.06
373.24
185.47
359.64

0.00 0.00

0.00 359.64
359.64
47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022
20,805.95
25,032.07

0.00 (4,228.12)
20,803.96

41.61 78.02

34.58 70.99

0.00 0.00

0.00 70.99

70.99 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
75,103.10
87,895.56

0.00 (12,807.31)
75,088.25
203.57
381.69
173.91
352.03

0.00 0.00

0.00 352.03
352.03
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

Page 36 ends

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
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
828807DZ7 SIMON PROPERTY GROUP LP

4.375 10/01/2030
12/08/2025
12/09/2025
575,000.00

0.00 577,507.00

0.00 (7,686.63)
9,223.96
1,537.33

0.00 0.00

0.00 1,537.33
1,537.33
857477DB6 STATE STREET CORP 4.834
04/24/2030
06/11/2025
06/12/2025
550,000.00
554,823.50

0.00 0.00
554,823.50
2,732.55

0.00 4,948.14
2,215.58

0.00 0.00

0.00 2,215.58
2,215.58

Page 37 ends

0.00 249,575.00

0.00 (249,575.00)

0.00 1,841.67
1,950.00

0.00 108.33

0.00 0.00

0.00 108.33
108.33
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
89231GAD0 TAOT 2025-D A3 3.84
06/17/2030
10/15/2025
10/23/2025
355,000.00
354,959.18

0.00 0.00
354,959.18
605.87
1,136.00
605.87
1,136.00

0.00 0.00

0.00 1,136.00
1,136.00
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
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 STATES 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
4,842.39

0.00 6,232.34
1,389.95

0.00 0.00

0.00 1,389.95
1,389.95
9128285M8 UNITED STATES 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
897.79

0.00 2,637.26
1,739.47

0.00 0.00

0.00 1,739.47
1,739.47
91282CCV1 UNITED STATES TREASURY

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

0.00 0.00
802,849.61
2,716.16

0.00 3,631.39
915.23

0.00 0.00

0.00 915.23
915.23

Page 38 ends

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

0.00 0.00
696,019.54
1,334.25

0.00 1,783.84
449.59

0.00 0.00

0.00 449.59
449.59
91282CDG3 UNITED STATES TREASURY

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

0.00 0.00
993,398.44
963.40

0.00 1,926.80
963.40

0.00 0.00

0.00 963.40
963.40
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
2,767.86

0.00 4,151.79
1,383.93

0.00 0.00

0.00 1,383.93
1,383.93
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
1,530.73

0.00 3,061.46
1,530.73

0.00 0.00

0.00 1,530.73
1,530.73
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
8,840.35
10,562.50

58.36 1,780.50

0.00 0.00

0.00 1,780.50
1,780.50
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
3,573.90

0.00 4,778.14
1,204.25

0.00 0.00

0.00 1,204.25
1,204.25
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
9,530.39

0.00 12,741.71
3,211.33

0.00 0.00

0.00 3,211.33
3,211.33
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
4,215.66

0.00 6,323.49
2,107.83

0.00 0.00

0.00 2,107.83
2,107.83
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
3,709.08

0.00 7,418.16
3,709.08

0.00 0.00

0.00 3,709.08
3,709.08

Page 39 ends

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

0.00 0.00
531,029.30
8,513.42
10,171.88

56.20 1,714.66

0.00 0.00

0.00 1,714.66
1,714.66
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
8,188.86

0.00 10,252.72
2,063.86

0.00 0.00

0.00 2,063.86
2,063.86
91282CGT2 UNITED STATES TREASURY

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

0.00 0.00
849,814.46
5,248.28

0.00 7,872.42
2,624.14

0.00 0.00

0.00 2,624.14
2,624.14
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
2,397.79

0.00 4,795.58
2,397.79

0.00 0.00

0.00 2,397.79
2,397.79
91282CHE4 UNITED STATES TREASURY

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

0.00 0.00
852,414.06

87.14 15,859.38
2,788.46
18,560.70

0.00 0.00

0.00 18,560.70
18,560.70
91282CHK0 UNITED STATES 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
14,228.26
17,000.00

93.92 2,865.66

0.00 0.00

0.00 2,865.66
2,865.66
91282CHQ7 UNITED STATES 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
11,029.89

0.00 13,809.78
2,779.89

0.00 0.00

0.00 2,779.89
2,779.89
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
6,696.09

0.00 10,044.13
3,348.04

0.00 0.00

0.00 3,348.04
3,348.04
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
10,200.41
12,187.50

67.33 2,054.43

0.00 0.00

0.00 2,054.43
2,054.43

Page 40 ends

0.00 0.00
739,599.61
10,027.17

0.00 12,554.35
2,527.17

0.00 0.00

0.00 2,527.17
2,527.17
91282CKD2 UNITED STATES TREASURY

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

0.00 0.00
798,457.03
8,640.88

0.00 11,552.49
2,911.60

0.00 0.00

0.00 2,911.60
2,911.60
91282CKG5 UNITED STATES TREASURY

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

0.00 0.00
832,064.45
5,972.18

0.00 8,958.28
2,986.09

0.00 0.00

0.00 2,986.09
2,986.09
91282CKP5 UNITED STATES TREASURY

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

0.00 0.00
799,640.62
3,168.51

0.00 6,337.02
3,168.51

0.00 0.00

0.00 3,168.51
3,168.51
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

74.18 13,500.00
2,373.63
15,799.45

0.00 0.00

0.00 15,799.45
15,799.45
91282CKX8 UNITED STATES TREASURY

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

0.00 0.00
972,701.17
16,896.06
20,187.50
111.53
3,402.97

0.00 0.00

0.00 3,402.97
3,402.97
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 950,000.00
954,156.26

0.00 0.00
954,156.26
12,701.09

0.00 15,902.17
3,201.09

0.00 0.00

0.00 3,201.09
3,201.09
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
7,153.85

0.00 10,730.77
3,576.92

0.00 0.00

0.00 3,576.92
3,576.92
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
3,709.08

0.00 7,418.16
3,709.08

0.00 0.00

0.00 3,709.08
3,709.08

Page 41 ends

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

0.00 0.00
630,493.16
1,139.50

0.00 3,347.29
2,207.79

0.00 0.00

0.00 2,207.79
2,207.79
91282CMA6 UNITED STATES TREASURY

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

0.00 0.00
1,089,496.10
124.66
22,687.50
3,989.01
26,551.85

0.00 0.00

0.00 26,551.85
26,551.85
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
20,139.27
24,062.50
132.94
4,056.18

0.00 0.00

0.00 4,056.18
4,056.18
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
5,109.89

0.00 7,664.84
2,554.95

0.00 0.00

0.00 2,554.95
2,554.95
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
2,156.94

0.00 4,313.88
2,156.94

0.00 0.00

0.00 2,156.94
2,156.94
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030
06/23/2025
06/24/2025
700,000.00
703,062.50

0.00 0.00
703,062.50

76.92 14,000.00
2,461.54
16,384.62

0.00 0.00

0.00 16,384.62
16,384.62
91282CNK3 UNITED STATES TREASURY

3.875 06/30/2030
07/24/2025
07/25/2025
1,000,000.00
996,054.69

0.00 0.00
996,054.69
16,216.03
19,375.00
107.04
3,266.01

0.00 0.00

0.00 3,266.01
3,266.01
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/22/2025
09/23/2025
700,000.00
698,085.94

0.00 0.00
698,085.94
6,448.90

0.00 8,621.89
2,173.00

0.00 0.00

0.00 2,173.00
2,173.00
91282CPA3 UNITED STATES TREASURY

3.625 09/30/2030
10/30/2025
10/31/2025
700,000.00
696,937.50

0.00 0.00
696,937.50
4,322.12

0.00 6,483.17
2,161.06

0.00 0.00

0.00 2,161.06
2,161.06

Page 42 ends

3.625 10/31/2030
10/30/2025
10/31/2025
700,000.00
697,019.53

0.00 0.00
697,019.53
2,173.00

0.00 4,345.99
2,173.00

0.00 0.00

0.00 2,173.00
2,173.00
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030
12/08/2025
12/09/2025
700,000.00

0.00 691,906.25

0.00 (605.77)
2,153.85
1,548.08

0.00 0.00

0.00 1,548.08
1,548.08
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
Total Fixed Income 56,641,020.38
54,892,854.88
1,899,682.34
(1,093,505.65)
55,699,031.57
468,840.38
244,987.36
467,356.26
243,503.24

0.00 0.00

0.00 243,503.24 243,503.24
TOTAL PORTFOLIO 57,139,061.39
56,031,012.71
2,978,805.76
(2,745,994.28)
56,197,072.58
468,840.38
247,634.76
467,356.26
246,150.64

0.00 0.00

0.00 246,150.64 246,150.64

Page 43 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JANUARY 2026
01/02/2026 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 1,942.67 1,942.67 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 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 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 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 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 354.92 354.92 01/15/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 9,791.86 9,791.86 01/15/2026 Coupon 47800AAC4 20,805.95 JDOT 2022-B A3 3.74 02/16/2027 64.85 64.85 01/15/2026 Principal Paydown 47800AAC4 20,805.95 JDOT 2022-B A3 3.74 02/16/2027 7,412.41 7,412.41 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 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 360.28 360.28 01/15/2026 Principal Paydown 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 12,171.83 12,171.83 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 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 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 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 586.00 586.00 01/21/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 8,226.72 8,226.72 01/23/2026 Coupon 06051GHM4 200,000.00 BANK OF AMERICA CORP 4.271 07/23/2029 4,271.00 4,271.00 01/23/2026 Coupon 06051GHV4 200,000.00 BANK OF AMERICA CORP 3.194 07/23/2030 3,194.00 3,194.00 01/26/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 154.78 154.78 01/26/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 3,175.88 3,175.88 01/26/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 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 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,984.73 1,984.73 01/26/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 702.17 702.17

Page 44 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/26/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 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 43,423.53 102,123.22 145,546.74
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 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 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 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 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 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 312.65 312.65 02/16/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 8,157.55 8,157.55 02/16/2026 Coupon 47800AAC4 20,805.95 JDOT 2022-B A3 3.74 02/16/2027 41.74 41.74 02/16/2026 Principal Paydown 47800AAC4 20,805.95 JDOT 2022-B A3 3.74 02/16/2027 6,257.23 6,257.23 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 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 307.44 307.44 02/16/2026 Principal Paydown 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 12,021.19 12,021.19 02/16/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 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 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 547.13 547.13

Page 45 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/23/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 8,156.55 8,156.55 02/25/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 140.30 140.30 02/25/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 3,136.66 3,136.66 02/25/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 02/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 02/25/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,982.52 1,982.52 02/25/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 704.81 704.81 02/25/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 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 38,433.99 171,242.94 209,676.94
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 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 03/02/2026 Coupon 91282CNX5 700,000.00 UNITED STATES TREASURY 3.625 08/31/2030 12,687.50 12,687.50 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 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 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 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 277.43 277.43 03/16/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 6,904.51 6,904.51 03/16/2026 Coupon 47800AAC4 20,805.95 JDOT 2022-B A3 3.74 02/16/2027 22.24 22.24

Page 46 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/16/2026 Principal Paydown 47800AAC4 20,805.95 JDOT 2022-B A3 3.74 02/16/2027 5,270.79 5,270.79 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 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 255.25 255.25 03/16/2026 Principal Paydown 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 11,718.28 11,718.28 03/16/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 03/17/2026 Coupon 931142ER0 110,000.00 WALMART INC 1.05 09/17/2026 577.50 577.50 03/23/2026 Coupon 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 508.59 508.59 03/23/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 7,918.95 7,918.95 03/25/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 126.00 126.00 03/25/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 3,052.69 3,052.69 03/25/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 03/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 03/25/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,980.31 1,980.31 03/25/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 898.79 898.79 03/25/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 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 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 03/31/2026 Coupon 91282CPA3 700,000.00 UNITED STATES TREASURY 3.625 09/30/2030 12,687.50 12,687.50 March 2026 Total 35,764.01 264,220.24 299,984.24
APRIL 2026
04/01/2026 Coupon 828807DZ7 575,000.00 SIMON PROPERTY GROUP LP 4.375 10/01/2030 15,513.02 15,513.02 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 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04

Page 47 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 247.63 247.63 04/15/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 8,295.78 8,295.78 04/15/2026 Coupon 47800AAC4 20,805.95 JDOT 2022-B A3 3.74 02/16/2027 5.81 5.81 04/15/2026 Effective Maturity 47800AAC4 20,805.95 JDOT 2022-B A3 3.74 02/16/2027 1,865.52 1,865.52 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 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 204.37 204.37 04/15/2026 Principal Paydown 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 11,991.53 11,991.53 04/15/2026 Coupon 74340XBN0 550,000.00 PROLOGIS LP 2.125 04/15/2027 5,843.75 5,843.75 04/15/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 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 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 471.17 471.17 04/21/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 8,124.54 8,124.54 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 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 112.09 112.09 04/27/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 3,127.06 3,127.06 04/27/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 04/27/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 04/27/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,977.48 1,977.48 04/27/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 710.91 710.91 04/27/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 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
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

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 04/30/2026 Coupon 91282CPD7 700,000.00 UNITED STATES TREASURY 3.625 10/31/2030 12,687.50 12,687.50 April 2026 Total 924,115.33 215,136.99 1,139,252.32
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 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 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 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 211.82 211.82 05/15/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 5,903.63 5,903.63 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 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 152.31 152.31 05/15/2026 Principal Paydown 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 11,601.00 11,601.00 05/15/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 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 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 432.78 432.78 05/21/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 7,826.70 7,826.70 05/25/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 97.83 97.83 05/25/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 2,767.40 2,767.40

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 05/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 05/25/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,975.25 1,975.25 05/25/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 777.12 777.12 05/25/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 May 2026 Total 578,875.84 58,495.53 637,371.38
JUNE 2026
06/01/2026 Coupon 91282CHE4 875,000.00 UNITED STATES TREASURY 3.625 05/31/2028 15,859.38 15,859.38 06/01/2026 Coupon 91282CKT7 600,000.00 UNITED STATES TREASURY 4.5 05/31/2029 13,500.00 13,500.00 06/01/2026 Coupon 91282CMA6 1,100,000.00 UNITED STATES TREASURY 4.125 11/30/2029 22,687.50 22,687.50 06/01/2026 Coupon 91282CNG2 700,000.00 UNITED STATES TREASURY 4.0 05/31/2030 14,000.00 14,000.00 06/01/2026 Coupon 91282CPN5 700,000.00 UNITED STATES TREASURY 3.5 11/30/2030 12,250.00 12,250.00 06/05/2026 Coupon 46647PAX4 225,000.00 JPMORGAN CHASE & CO 4.452 12/05/2029 5,008.50 5,008.50 06/09/2026 Coupon 3130AWMN7 550,000.00 FEDERAL HOME LOAN BANKS 4.375 06/09/2028 12,031.25 12,031.25
06/12/2026 Coupon 91159HJM3 550,000.00 US BANCORP 5.775 06/12/2029 15,881.25 15,881.25 06/15/2026 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 06/15/2026 Coupon 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 06/15/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 06/15/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 06/15/2026 Coupon 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 186.33 186.33 06/15/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 3,837.27 3,837.27 06/15/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 06/15/2026 Coupon 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 101.94 101.94 06/15/2026 Principal Paydown 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 11,400.52 11,400.52 06/15/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 06/18/2026 Coupon 89236TJK2 465,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 2,615.63 2,615.63
06/18/2026 Final Maturity 89236TJK2 465,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 465,000.00 465,000.00
06/22/2026 Coupon 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 395.80 395.80 06/22/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 6,584.49 6,584.49

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 85.22 85.22 06/25/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 2,719.87 2,719.87 06/25/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 06/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 06/25/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,972.81 1,972.81 06/25/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 716.53 716.53 06/25/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 06/25/2026 Coupon 437076DC3 235,000.00 HOME DEPOT INC 4.75 06/25/2029 5,581.25 5,581.25 06/30/2026 Coupon 91282CEW7 650,000.00 UNITED STATES TREASURY 3.25 06/30/2027 10,562.50 10,562.50 06/30/2026 Coupon 91282CGC9 525,000.00 UNITED STATES TREASURY 3.875 12/31/2027 10,171.88 10,171.88 06/30/2026 Coupon 91282CHK0 850,000.00 UNITED STATES TREASURY 4.0 06/30/2028 17,000.00 17,000.00 06/30/2026 Coupon 91282CJR3 650,000.00 UNITED STATES TREASURY 3.75 12/31/2028 12,187.50 12,187.50 06/30/2026 Coupon 91282CKX8 950,000.00 UNITED STATES TREASURY 4.25 06/30/2029 20,187.50 20,187.50 06/30/2026 Coupon 91282CMD0 1,100,000.00 UNITED STATES TREASURY 4.375 12/31/2029 24,062.50 24,062.50 06/30/2026 Coupon 91282CNK3 1,000,000.00 UNITED STATES TREASURY 3.875 06/30/2030 19,375.00 19,375.00 June 2026 Total 490,258.67 247,807.89 738,066.56
JULY 2026
07/07/2026 Coupon 02665WEM9 500,000.00 AMERICAN HONDA FINANCE CORP 5.125 07/07/2028 12,812.50 12,812.50
07/10/2026 Coupon 89115A2M3 550,000.00 TORONTO-DOMINION BANK 5.156 01/10/2028 14,179.00 14,179.00 07/13/2026 Coupon 45950KDD9 240,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 5,400.00 5,400.00
07/14/2026 Coupon 24422EXB0 650,000.00 JOHN DEERE CAPITAL CORP 4.95 07/14/2028 16,087.50 16,087.50 07/15/2026 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 07/15/2026 Coupon 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 07/15/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 07/15/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 07/15/2026 Coupon 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 169.77 169.77 07/15/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 4,361.66 4,361.66 07/15/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 07/15/2026 Coupon 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 52.44 52.44 07/15/2026 Principal Paydown 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 8,826.77 8,826.77

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2026 Coupon 756109AU8 525,000.00 REALTY INCOME CORP 3.65 01/15/2028 9,581.25 9,581.25 07/15/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 07/20/2026 Coupon 06051GGF0 400,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 7,648.00 7,648.00 07/21/2026 Coupon 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 364.69 364.69 07/21/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 6,438.81 6,438.81 07/23/2026 Coupon 06051GHM4 200,000.00 BANK OF AMERICA CORP 4.271 07/23/2029 4,271.00 4,271.00 07/23/2026 Coupon 06051GHV4 200,000.00 BANK OF AMERICA CORP 3.194 07/23/2030 3,194.00 3,194.00 07/27/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 72.82 72.82 07/27/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 2,660.28 2,660.28 07/27/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 07/27/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 07/27/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,970.56 1,970.56 07/27/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 782.53 782.53 07/27/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 07/27/2026 Coupon 46647PDG8 550,000.00 JPMORGAN CHASE & CO 4.851 07/25/2028 13,340.25 13,340.25 07/31/2026 Coupon 69371RS80 675,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 15,525.00 15,525.00 07/31/2026 Coupon 91282CGH8 700,000.00 UNITED STATES TREASURY 3.5 01/31/2028 12,250.00 12,250.00 07/31/2026 Coupon 91282CHQ7 800,000.00 UNITED STATES TREASURY 4.125 07/31/2028 16,500.00 16,500.00 07/31/2026 Coupon 91282CJW2 750,000.00 UNITED STATES TREASURY 4.0 01/31/2029 15,000.00 15,000.00 07/31/2026 Coupon 91282CLC3 950,000.00 UNITED STATES TREASURY 4.0 07/31/2029 19,000.00 19,000.00 July 2026 Total 23,070.05 179,522.94 202,593.00
AUGUST 2026
08/04/2026 Coupon 78016HZS2 500,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 13,000.00 13,000.00 08/07/2026 Coupon 06406RAB3 700,000.00 BANK OF NEW YORK MELLON CORP 3.442 02/07/2028 12,047.00 12,047.00
08/07/2026 Coupon 63743HFX5 670,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.95 02/07/2030 16,582.50 16,582.50
08/12/2026 Coupon 14913R3A3 330,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 5,940.00 5,940.00
08/17/2026 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 08/17/2026 Coupon 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 08/17/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54

Page 52 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 08/17/2026 Coupon 4581X0EN4 700,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 14,437.50 14,437.50
08/17/2026 Coupon 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 150.94 150.94 08/17/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 4,331.21 4,331.21 08/17/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 08/17/2026 Coupon 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 14.12 14.12 08/17/2026 Effective Maturity 58768PAC8 75,103.10 MBART 2022-1 A3 5.21 08/16/2027 3,251.74 3,251.74 08/17/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 08/17/2026 Coupon 9128283W8 600,000.00 UNITED STATES TREASURY 2.75 02/15/2028 8,250.00 8,250.00 08/21/2026 Coupon 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 334.27 334.27 08/21/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 6,264.10 6,264.10 08/25/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 60.69 60.69 08/25/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 2,589.16 2,589.16 08/25/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 08/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 08/25/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,968.10 1,968.10 08/25/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 722.19 722.19 08/25/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 08/27/2026 Coupon 14913UAJ9 300,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 7,275.00 7,275.00
08/31/2026 Coupon 91282CCV1 950,000.00 UNITED STATES TREASURY 1.125 08/31/2028 5,343.75 5,343.75 08/31/2026 Coupon 91282CCW9 700,000.00 UNITED STATES TREASURY 0.75 08/31/2026 2,625.00 2,625.00 08/31/2026 Final Maturity 91282CCW9 700,000.00 UNITED STATES TREASURY 0.75 08/31/2026 700,000.00 700,000.00 08/31/2026 Coupon 91282CFH9 450,000.00 UNITED STATES TREASURY 3.125 08/31/2027 7,031.25 7,031.25 08/31/2026 Coupon 91282CFJ5 1,200,000.00 UNITED STATES TREASURY 3.125 08/31/2029 18,750.00 18,750.00 08/31/2026 Coupon 91282CKD2 800,000.00 UNITED STATES TREASURY 4.25 02/28/2029 17,000.00 17,000.00 08/31/2026 Coupon 91282CNX5 700,000.00 UNITED STATES TREASURY 3.625 08/31/2030 12,687.50 12,687.50 August 2026 Total 717,158.41 155,601.78 872,760.19
SEPTEMBER 2026
09/08/2026 Coupon 3130AWTR1 800,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 17,500.00 17,500.00

Page 53 ends

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/09/2026 Coupon 931142EX7 250,000.00 WALMART INC 3.95 09/09/2027 4,937.50 4,937.50 09/11/2026 Coupon 89236TLB9 800,000.00 TOYOTA MOTOR CREDIT CORP 5.25 09/11/2028 21,000.00 21,000.00 09/15/2026 Coupon 084664CZ2 400,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 4,600.00 4,600.00
09/15/2026 Coupon 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,978.00 1,978.00 09/15/2026 Effective Maturity 161571HT4 460,000.00 CHAIT 2023-1 A 5.16 09/15/2028 460,000.00 460,000.00 09/15/2026 Coupon 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 09/15/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,248.54 1,248.54 09/15/2026 Principal Paydown 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 19,641.57 19,641.57 09/15/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 09/15/2026 Coupon 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 132.25 132.25 09/15/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 4,295.81 4,295.81 09/15/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 09/15/2026 Coupon 571748CA8 650,000.00 MARSH & MCLENNAN COMPANIES INC 4.65 03/15/2030 15,112.50 15,112.50
09/15/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 09/17/2026 Coupon 931142ER0 110,000.00 WALMART INC 1.05 09/17/2026 577.50 577.50 09/17/2026 Final Maturity 931142ER0 110,000.00 WALMART INC 1.05 09/17/2026 110,000.00 110,000.00 09/21/2026 Coupon 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 304.67 304.67 09/21/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 6,134.26 6,134.26 09/25/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 48.89 48.89 09/25/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 2,516.20 2,516.20 09/25/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 09/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 09/25/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,965.83 1,965.83 09/25/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 724.91 724.91 09/25/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 09/30/2026 Coupon 91282CEF4 650,000.00 UNITED STATES TREASURY 2.5 03/31/2027 8,125.00 8,125.00 09/30/2026 Coupon 91282CFM8 600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 12,375.00 12,375.00 09/30/2026 Coupon 91282CGT2 850,000.00 UNITED STATES TREASURY 3.625 03/31/2028 15,406.25 15,406.25 09/30/2026 Coupon 91282CJA0 850,000.00 UNITED STATES TREASURY 4.625 09/30/2028 19,656.25 19,656.25 09/30/2026 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 09/30/2026 Coupon 91282CLN9 1,200,000.00 UNITED STATES TREASURY 3.5 09/30/2029 21,000.00 21,000.00 09/30/2026 Coupon 91282CMU2 750,000.00 UNITED STATES TREASURY 4.0 03/31/2030 15,000.00 15,000.00 09/30/2026 Coupon 91282CPA3 700,000.00 UNITED STATES TREASURY 3.625 09/30/2030 12,687.50 12,687.50 September 2026
Total 603,312.74 200,064.55 803,377.29
OCTOBER 2026
10/01/2026 Coupon 828807DZ7 575,000.00 SIMON PROPERTY GROUP LP 4.375 10/01/2030 12,578.13 12,578.13 10/13/2026 Coupon 023135CF1 300,000.00 AMAZON.COM INC 3.3 04/13/2027 4,950.00 4,950.00 10/13/2026 Coupon 79466LAF1 700,000.00 SALESFORCE INC 3.7 04/11/2028 12,950.00 12,950.00 10/15/2026 Coupon 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 10/15/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,173.09 1,173.09 10/15/2026 Principal Paydown 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 12,083.89 12,083.89 10/15/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 10/15/2026 Coupon 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 113.70 113.70 10/15/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 4,827.44 4,827.44 10/15/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 10/15/2026 Coupon 74340XBN0 550,000.00 PROLOGIS LP 2.125 04/15/2027 5,843.75 5,843.75 10/15/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 10/16/2026 Coupon 459058LN1 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 9,687.50 9,687.50
10/20/2026 Coupon 61747YFD2 200,000.00 MORGAN STANLEY 5.164 04/20/2029 5,164.00 5,164.00 10/21/2026 Coupon 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 275.68 275.68 10/21/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 5,922.95 5,922.95 10/26/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 37.42 37.42 10/26/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 2,081.74 2,081.74 10/26/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 10/26/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 10/26/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,963.55 1,963.55 10/26/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 790.60 790.60 10/26/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 10/26/2026 Coupon 857477DB6 550,000.00 STATE STREET CORP 4.834 04/24/2030 13,293.50 13,293.50

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/30/2026 Coupon 3133ERDH1 550,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 13,062.50 13,062.50
October 2026 Total 25,706.62 89,970.44 115,677.06
NOVEMBER 2026
11/02/2026 Coupon 74456QBU9 450,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 8,325.00 8,325.00
11/02/2026 Coupon 91282CDG3 1,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 5,625.00 5,625.00 11/02/2026 Final Maturity 91282CDG3 1,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 1,000,000.00 1,000,000.00 11/02/2026 Coupon 91282CEN7 650,000.00 UNITED STATES TREASURY 2.75 04/30/2027 8,937.50 8,937.50 11/02/2026 Coupon 91282CFU0 1,050,000.00 UNITED STATES TREASURY 4.125 10/31/2027 21,656.25 21,656.25 11/02/2026 Coupon 91282CHA2 800,000.00 UNITED STATES TREASURY 3.5 04/30/2028 14,000.00 14,000.00 11/02/2026 Coupon 91282CKP5 800,000.00 UNITED STATES TREASURY 4.625 04/30/2029 18,500.00 18,500.00 11/02/2026 Coupon 91282CLR0 1,050,000.00 UNITED STATES TREASURY 4.125 10/31/2029 21,656.25 21,656.25 11/02/2026 Coupon 91282CMZ1 650,000.00 UNITED STATES TREASURY 3.875 04/30/2030 12,593.75 12,593.75 11/02/2026 Coupon 91282CPD7 700,000.00 UNITED STATES TREASURY 3.625 10/31/2030 12,687.50 12,687.50 11/10/2026 Coupon 037833ET3 95,000.00 APPLE INC 4.0 05/10/2028 1,900.00 1,900.00 11/12/2026 Coupon 023135BY1 450,000.00 AMAZON.COM INC 1.65 05/12/2028 3,712.50 3,712.50 11/16/2026 Coupon 34532BAG6 275,000.00 FORDO 2025-B A3 3.91 04/15/2030 896.04 896.04 11/16/2026 Coupon 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 1,126.66 1,126.66 11/16/2026 Principal Paydown 34535VAD6 325,000.00 FORDO 2024-D A3 4.61 08/15/2029 18,049.17 18,049.17 11/16/2026 Coupon 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 1,206.00 1,206.00 11/16/2026 Principal Paydown 44935CAD3 335,000.00 HART 2025-A A3 4.32 10/15/2029 3,742.06 3,742.06 11/16/2026 Coupon 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 92.86 92.86 11/16/2026 Principal Paydown 477920AC6 80,559.18 JDOT 2023-B A3 5.18 03/15/2028 5,437.65 5,437.65 11/16/2026 Coupon 47800DAD6 265,000.00 JDOT 2025 A3 4.23 09/17/2029 934.13 934.13 11/16/2026 Coupon 89231GAD0 355,000.00 TAOT 2025-D A3 3.84 06/17/2030 1,136.00 1,136.00 11/16/2026 Coupon 9128285M8 650,000.00 UNITED STATES TREASURY 3.125 11/15/2028 10,156.25 10,156.25 11/16/2026 Coupon 91282CLX7 625,000.00 UNITED STATES TREASURY 4.125 11/15/2027 12,890.63 12,890.63 11/16/2026 Coupon 927804GH1 115,000.00 VIRGINIA ELECTRIC AND POWER CO 3.75 05/15/2027 2,156.25 2,156.25
11/23/2026 Coupon 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 247.70 247.70 11/23/2026 Principal Paydown 438123AC5 124,021.10 HAROT 2023-4 A3 5.67 06/21/2028 5,791.57 5,791.57

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CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2026 Coupon 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 27.93 27.93 11/25/2026 Principal Paydown 05592XAD2 33,954.40 BMWOT 2023-A A3 5.47 02/25/2028 1,987.89 1,987.89 11/25/2026 Coupon 05594HAD5 295,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 975.96 975.96 11/25/2026 Coupon 3137FG6X8 840,000.00 FHMS K-077 A2 3.85 05/25/2028 2,695.00 2,695.00 11/25/2026 Coupon 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 1,961.06 1,961.06 11/25/2026 Principal Paydown 3137FKUP9 631,576.65 FHMS K-087 A2 3.771 12/25/2028 730.63 730.63 11/25/2026 Coupon 3137FRUT6 600,000.00 FHMS K-106 A2 2.069 01/25/2030 1,034.50 1,034.50 11/30/2026 Coupon 91282CHE4 875,000.00 UNITED STATES TREASURY 3.625 05/31/2028 15,859.38 15,859.38 11/30/2026 Coupon 91282CKT7 600,000.00 UNITED STATES TREASURY 4.5 05/31/2029 13,500.00 13,500.00 11/30/2026 Coupon 91282CMA6 1,100,000.00 UNITED STATES TREASURY 4.125 11/30/2029 22,687.50 22,687.50 11/30/2026 Coupon 91282CNG2 700,000.00 UNITED STATES TREASURY 4.0 05/31/2030 14,000.00 14,000.00 11/30/2026 Coupon 91282CPN5 700,000.00 UNITED STATES TREASURY 3.5 11/30/2030 12,250.00 12,250.00 November 2026
Total 1,035,738.97 245,427.60 1,281,166.57
Grand Total 160,985,546.54 4,515,858.16 1,929,614.13 6,445,472.29

Page 57 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.

Page 58 ends

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.

Page 59 ends

Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
February 10, 2026
LAIF Home
PMIA Average Monthly
Yields

CITY OF FOUNTAIN VALLEY

FISCAL SERVICES MGR
10200 SLATER AVENUE
FOUNTAIN VALLEY, CA 92708
Tran Type Definitions

0.00 Beginning Balance: 65,303,311.20
December 2025 Statement
Account Summary
Total Deposit:

Total Withdrawal: 0.00 Ending Balance: 65,303,311.20
LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx Page 60 1/1 12/1/2025 to 12/31/2025

CITY OF FOUNTAIN VALLEY
PARS Post-Employment Benefits Trust
Finance Director
City of Fountain Valley
10200 Slater Ave.

Fountain Valley, CA 92708
Account Summary
Source 12/1/2025 Contributions Earnings Expenses Distributions Transfers 12/31/2025 OPEB 1001 $14,466,474.28 $0.00 $31,937.92 $4,490.28 $0.00 $0.00 $14,493,921.92 PENSION 1002 $20,110,757.39 $0.00 $44,669.36 $6,234.82 $0.00 $0.00 $20,149,191.93 OPEB - Measure HH 1084 $4,961,989.46 $0.00 $10,954.68 $1,540.16 $0.00 $0.00 $4,971,403.98 Totals $39,539,221.13 $0.00 $87,561.96 $12,265.26 $0.00 $0.00 $39,614,517.83 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 0.22% 1.93% 12.71% 12.15% 5.65% 7.28% 12/10/2010
PENSION 0.22% 1.92% 12.70% 11.14% 4.77% - 4/26/2018
OPEB - Measure HH 0.22% 1.93% 12.74% 12.16% 5.66% - 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 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.

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

Page 61 ends

CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: February 17, 2026
Members of the City Council
SUBJECT: City of Fountain Valley Six Month Strategic Objectives for September 23, 2025 through March 17, 2026
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 September 23, 2025, the City Council held a strategic planning session with the executive management team and department managers. The Strategic Plan was then presented to City Council at the October 7, 2025, City Council Meeting for adoption. Those attending collaborated to establish the City’s six-month strategic planning objectives for September 23, 2025, through March 17, 2026.

The strategic plan has and will continue to serve as a guideline for both the City Council and City staff as we work to achieve our goals over the next few years. The Strategic Plan goals on the attached spreadsheet have been updated so that the City Council can see the progress that has been made on the action items.

DISCUSSION
During the City’s Strategic Planning session on September 23, 2025, City Council, executive management team including department managers discussed the goals that will be worked on for the next six months.

Through the collaborative efforts, City Council and City staff helped clearly define the goals and priorities of the City, in which a finalized Six-Month Strategic Objectives Matrix for September 23, 2025, through March 17, 2026, has been prepared for adoption.

FISCAL REVIEW
The fiscal impact has been budgeted in Fiscal Year 2025-26.

PUBLIC NOTIFICATION
Not applicable.

Page 62 ends

City of Fountain Valley Strategic Plan
February 17, 2026

Page 2 ends

ENVIRONMENTAL IMPACT REVIEW
Not applicable.

ATTORNEY REVIEW:

Attorney for the City has reviewed this item.

ALTERNATIVES:

Alternative No. 1: Receive and File the six-month strategic objectives matrix for September 23, 2025, through March 17, 2026
Alternative No. 2: Direct staff to take an alternate action.

RECOMMENDATION:

Staff recommends that the City Council approve Alternative No. 1.

Prepared by: Rick Miller, City Clerk
Reviewed by: Ryan Smith, Finance Director
Approved by: Maggie Le, City Manager
Attachment:

1. Six-Month Strategic Objectives Matrix for September 23, 2025, through March 17, 2026

Page 63 ends

1 CITY OF FOUNTAIN VALLEY

SIX-MONTH STRATEGIC OBJECTIVES
October 7, 2025- March 17, 2025
City of Fountain Valley Vision Statement
Fountain Valley is a safe, inclusive, and desirable community where you can live your best life! City of Fountain Valley Mission Statement
The City of Fountain Valley is a team-driven organization committed to providing excellent service to our community through our core values.

Core Values
Fiscal Stability, Honesty, Integrity and Ethical Behavior, Teamwork, Innovation, Quality of Life, and Excellent Customer Service THREE-YEAR GOAL: ENHANCE THE CULTURE AND ENVIRONMENT OF “A NICE PLACE TO LIVE”

WHEN WHO WHAT STATUS

DONE ON
TARGE
T
REVIS
ED

COMMENTS

1. By February
17, 2026, City Council
Meeting
Deputy City
Manager/Community
Services Director and
Public Works Director
Present an Art on the Box program in collaboration with FVSD, FVCF, and the City. Winning or honorable mention
artists from Fountain Valley schools (K-12) in MWDOC’s
annual Water Awareness Poster Contest may be featured
on City boxes with the vinyl wraps being funded through City Water funds.

X Staff have collaborated with
FVSD to participate in the
MWDOC’s Art Contest. The
winning artwork will be displayed
as part of the Art on the Box
Program.

Page 64 ends

2 THREE-YEAR GOAL: ACHIEVE FISCAL STABILITY BY EVALUATING PROCESSES, AND ATTRACT AND RETAIN

REVENUE PRODUCING BUSINESSES/OPPORTUNITIES

WHEN WHO WHAT STATUS

DONE ON
TARGE
T
REVISE
D

COMMENTS

1. By
September 15 , 2026,
City Council Meeting
Fire Chief, Public
Works Director, &
Community Services
Director
Evaluate and present the possibility of a fundraising program for Fire Station No. 1 through donations (i.e. bricks, plaques, pavers etc).

X Evaluating next steps, to include
RFP for FD CRA/SOC to
determine deployment

2. By February
3, 2026, City Manager
Finance Director Present a plan to initiate and assess the business license operations with HdL or to provide in-house service.

X The department has met with
software providers to assess
potential business licensing
platforms and will share with the
City Manager in March.

Page 65 ends

3 THREE-YEAR GOAL: ATTRACT AND RETAIN QUALITY STAFF THROUGH

BEST PRACTICES AND TRENDS

WHEN WHO WHAT STATUS

DONE ON
TARGE
T
REVISE
D

COMMENTS

1. By June 16,
2026, City Council
Meeting
HR Director and
Executive
Management Team
Prepare and present a city-wide recruitment video. X Staff completed an employee survey and are requesting staff
volunteers to be in the recruitment
video.

2. By
December 16, 2025,
City Council Meeting
Police Chief Initiate an organizational assessment with a consultant to identify opportunities and challenges to improve the Police department’s operational efficiency and morale.

X City Council approved the
consultant agreement on
December 16, 2025.

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4 THREE-YEAR GOAL: MAINTAIN, BUILD, AND MODERNIZE INFRASTRUCTURE TO SUPPORT GROWTH AND

FUTURE NEEDS OF THE CITY

WHEN WHO WHAT STATUS

DONE ON
TARGE
T
REVISE
D

COMMENTS

1. By
September 16, 2026,
City Council Meeting
Finance Director, Fire
Chief, & Public Works
Director
Present financial data to fund Fire Station No. 1 and seek directions from the City Council.

X Received approval of AB
364 to submit existing
digital billboard
application, and may
establish an option for
the City Council
consideration to fund the
future fire station 1.

Meeting with regional Cal
Trans pending, Council
presentation to be
rescheduled.

Page 67 ends

5 2. By June 16,
2026, City Council
Meeting
IT Director and City
Manager’s Office
Create an internal and external educational campaign to implement new phone numbers for the city facilities.

X IT had to reposition and
change the professional
services vendor to
support the city's needs.

We are working on
contract and insurance
acceptance with the
phone carrier. Once
complete, we will be
provided with phone
number options. We will
work with Meghan and
the staff to implement
internal notice and
educational campaigns,
as well as communicate
with the public. We will
find temporary options to
provide longer notice
times in the short term.

More details to come.

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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: February 17, 2026
Members of the City Council
SUBJECT: City of Fountain Valley Register of Demands for the period of 1/22/2026 to 2/4/2026 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 1/22/2026 and 2/4/2026 for a total of $4,936,450.61.

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

PUBLIC NOTIFICATION
Not applicable.

Page 69 ends

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 1/22/2026 and 2/4/2026 for a total of $4,936,450.61.

Prepared by: Ryan Smith, Finance Director
Reviewed by: Colin Burns, City Attorney
Approved by: Maggie Le, City Manager
Attachment 1: Register of Demands 1/22/2026 to 2/4/2026.

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City Of Fountain Valley
Register of Demands
1/22/2026 - 2/4/2026
Department
Check
Date Vendor Description Doc #
Check/ACH
# Amount
10000000 NON-DEPARTMENTAL
01/29/26 U.S. BANK CORPORATE CITY P-CARDS DEC 2025 - 4246 0445 5574 3131 46447 5387 47,678.59 01/22/26 DE LA CRUZ, ENRIQUE FEB 2026 ADPP PAYMENT 46276 5341 4,324.79 01/22/26 CASTEEL, BRIAN FEB 2026 ADPP PAYMENT 46277 5339 4,622.77 01/22/26 EMPOWER/BENEFITS COR PR PPE260116 - DED 7031, 7032, 7033, 7036 46355 5319 86,519.03 01/22/26 CALIFORNIA STATE DIS PR PPE260116 - DED 6004, 6005, 6007 46356 5322 1,104.35 01/22/26 INTERNAL REVENUE SER PR PPE260116 - DED 1100, 3000 46363 5320 173,927.86 01/22/26 EMPLOYMENT DEVELOPME PR PPE260116 - DED 4000 46364 5321 56,975.01 01/29/26 MUNICIPAL DENTAL POO FEB 2026 DELTA DENTAL PPO 46500 2317857 12,992.61 01/29/26 MUNICIPAL DENTAL POO FEB 2026 DELTA DENTAL HMO 46501 2317858 1,558.82 01/29/26 THE LINCOLN NATIONAL FEB 2026 LIFE INSURANCE/LTD/ADD/EAP 46728 2317879 1,503.14 02/04/26 FOUNTAIN VALLEY POLI PR PPE260130 - DED 8002 46917 5396 2,300.00 02/04/26 FOUNTAIN VALLEY CRED PR PPE260130 - DED 9500 46918 5394 32,188.60 02/04/26 FOUNTAIN VALLEY FIRE PR PPE260130 - DED 8000 46919 5395 2,833.70 02/04/26 MISSION SQUARE RET P PLAN #803216 - PR PPE260130 - DED 2013, 2015 46922 5401 3,012.71 02/04/26 MISSION SQUARE RET P PLAN #800389 - PR PPE260130 - DED 2011 46923 5402 1,259.63 02/04/26 MISSION SQUARE RET P PLAN #800414 - PR PPE260130 - DED 2014 46924 5403 226.75 02/04/26 MISSION SQUARE RET P PLAN #108536 - PR PPE260130 - DED 2018 46925 5404 576.90 02/04/26 U.S. BANK N.A. PR PPE260130 - DED 7029, 7030 46926 5405 3,681.97 02/04/26 FVPOA PAC PR PPE260130 - DED 8005 46927 5397 495.00 02/04/26 INTERNATIONAL BRO PR PPE260130 - DED 8003 46930 5398 500.00 02/04/26 INTERNATIONAL BRO PR PPE260130 - DED 8004 46931 5399 650.00 02/04/26 INTERNATIONAL BRO PR PPE260130 - DED 8001 46932 5400 800.00 TOTAL NON-DEPARTMENTAL 439,732.23
10000010 NON-DEPARTMENTAL
01/29/26 MUNICIPAL DENTAL POO FEB 2026 DELTA DENTAL PPO 46500 2317857 11,783.36 01/29/26 MUNICIPAL DENTAL POO FEB 2026 DELTA DENTAL HMO 46501 2317858 445.78 01/29/26 MISSION SQUARE RET P OCT-DEC 2025 - PLAN #803210 FEE 46503 2317854 1,100.00 TOTAL NON-DEPARTMENTAL 13,329.14
10010100 CITY COUNCIL
01/29/26 QUANTUM SIGNS & GRAP MISSION STATEMENT INSTALLATION 46271 2317867 1,265.63 TOTAL CITY COUNCIL 1,265.63
10010102 LEGAL SERVICES
01/22/26 HARPER AND BURNS, LL NOV. '25 - CITY LEGAL SERVICES 45432 5345 48,086.90 TOTAL LEGAL SERVICES 48,086.90
10010103 OFFICE OF CITY MANAGER
01/22/26 FOUNTAIN VALLEY CHAM 2026 MEMBERSHIP DUES 45986 2317790 1,700.00 01/22/26 LEAGUE OF CAL CITIES 2026 ANNUAL MEMBERSHIP DUES 45992 2317794 21,361.00

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01/29/26 LEAGUE OF CAL CITIES 2026 ORANGE COUNTY DIVISION DUES 46517 2317851 300.00 TOTAL OFFICE OF CITY MANAGER 23,361.00
10010104 ADMIN SERVICES
01/22/26 VERIZON WIRELESS 11/26-12/25/25 ADMIN CELLPHONES 45857 2317819 80.02 TOTAL ADMIN SERVICES 80.02
10020200 HUMAN RESOURCES
01/29/26 STERLING HEALTH SERV DEC 2025 FSA ADMIN FEES 46476 5384 56.00 01/22/26 DEPARTMENT OF JUSTIC DEC 2025 HR & PD DEPT 46347 2317786 309.00 01/29/26 WILLIAMS, LANDON V TUITION REIMBURSEMENT (BUS 300, COM 365) 46493 5389 3,000.00 01/29/26 THNKS NEW HIRE RECOGNITION 46502 5386 300.00
01/29/26 DF POLYGRAPH PRE-EMPLOYMENT POLYGRAPH SERVICES 46504 5364 200.00 01/29/26 DEPARTMENT OF JUSTIC DECEMBER 2025 HR DEPT 46505 2317839 130.00 01/29/26 CONCENTRA MEDICAL CE 01/09 - 01/12/26 HR OCCUPATIONAL MEDICAL 46506 2317833 319.60 01/29/26 CONCENTRA MEDICAL CE 01/15 - 1/19/26 HR OCCUPATIONAL MEDICAL 46507 2317834 422.45 01/29/26 LIEBERT, CASSIDY & W DEC 2025 CLIENT MATTER FO030-00001 46509 5371 544.00 01/29/26 LIEBERT, CASSIDY & W DEC 2025 CLIENT MATTER FO030-00028 46511 5372 368.00 01/29/26 LIEBERT, CASSIDY & W DEC 2025 CLIENT MATTER FO030-00041 46512 5373 1,684.00 01/29/26 LIEBERT, CASSIDY & W DEC 2025 CLIENT MATTER FO030-00038 46513 5374 27,695.20 01/29/26 LIEBERT, CASSIDY & W DEC 2025 CLIENT MATTER FO030-00040 46514 5375 184.00 01/29/26 LIEBERT, CASSIDY & W DEC 2025 CLIENT MATTER FO030-00043 46515 5376 1,208.00 01/29/26 LIEBERT, CASSIDY & W DEC 2025 CLIENT MATTER FO030-00042 46516 5377 746.00 TOTAL HUMAN RESOURCES 37,166.25
10030300 PLANNING
01/22/26 AT&T MOBILITY 12/27 - 1/26/26 CELL PHONES/IPAD 45979 2317775 45.72 01/22/26 ORANGE COUNTY REGIST DEC 2025 PUBLIC NOTICING ADVERTISEMENTS 45860 2317800 998.98 01/22/26 MICHAEL BAKER INTERN DEC 2025 - PROFESSIONAL SERVICES 46295 5346 6,125.00 01/29/26 RINCON CONSULTANTS DEC 2025 ENVIRONMENTAL SVCS 8550 46480 5379 4,775.25 TOTAL PLANNING 11,944.95
10030301 BUILDING & SAFETY
01/22/26 VCA CODE SEPT 25 BUILDING PLAN RVW AND STAFFING 46000 5355 11,947.50 01/22/26 VCA CODE OCT 2025 BUILDING PLAN RVW AND STAFFING 45945 5355 8,235.00 01/22/26 VCA CODE NOV 2025 BUILDING PLAN RVW AND STAFFING 45944 5355 7,121.25 01/22/26 VCA CODE DEC 2025 BUILDING PLAN RVW AND STAFFING 45943 5355 13,972.50 01/22/26 OC SANITATION DISTRI DEC 2025 SEWER CONNECTION FEES 45946 2317799 (433.81) TOTAL BUILDING & SAFETY 40,842.44
10040400 FINANCE
01/29/26 SECTRAN SECURITY INC JAN 2026 - ARMORED SERVICES 46414 5382 343.61 TOTAL FINANCE 343.61
10040401 PURCHASING
01/22/26 PRIMO BRANDS 8710065142 - CH WATER 10/27/25-11/26/25 46348 2317802 278.82 01/29/26 OFFICE DEPOT 202511 CH PAPER(12 BOXES) 46398 2317860 539.75 TOTAL PURCHASING 818.57
10050500 ENGINEERING
01/29/26 AMAZON JAN 2026 - PW ENG OFFICE SUPPLIES 46350 5362 18.48 01/29/26 AMAZON JAN 2026 - PW ENG OFFICE SUPPLIES 46351 5362 39.13

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01/29/26 AMAZON JAN 2026 - PW ENG OFFICE SUPPLIES 46368 5362 48.94 01/29/26 AMAZON JAN 2026 - PW ENG OFFICE SUPPLIES 46369 5362 35.31 TOTAL ENGINEERING 141.86
10050503 STREET LIGHTING
01/29/26 ROADLINE PRODUCTS IN NO U-TURN SIGNS 46748 5381 2,364.00 01/29/26 ROADLINE PRODUCTS IN LIEFT TURN SIGNS, NO U-TURN SIGNS 46749 5381 2,385.50 01/29/26 ROADLINE PRODUCTS IN HARDWARE SIGNS 46747 5381 882.00 TOTAL STREET LIGHTING 5,631.50
10050550 RIGHTS-OF-WAY
01/22/26 SMARDAN SUPPLY CO. CREDIT FOR CUTTING WHEEL 45827 5352 (105.10) 01/22/26 NIEVES LANDSCAPE, IN 11/2025 MEDIAN & ROW LANDSCAPE MAINT 46315 2317798 3,346.68 TOTAL RIGHTS-OF-WAY 3,241.58
10050552 PARK MAINTENANCE
01/29/26 ALAN'S LAWNMOWER & G CHAINSAW REPAIR AND DIAGNOSTIC 46729 2317824 538.14 01/22/26 CINTAS CORPORATION 6 11/20/25 UNIFORMS 45998 2317782 20.07 01/22/26 CINTAS CORPORATION 6 12/18/25 UNIFORMS 46316 2317782 20.07 01/29/26 MERCHANTS LANDSCAPE 12/25 PARKS & CIVIC FAC. LANDSCAPE 46759 5378 21,985.27 01/29/26 MERCHANTS LANDSCAPE 12/25 PARKS & CIVIC FAC. LANDSCAPE 46761 5378 4,183.54 01/29/26 SO CALIF EDISON CO 12/19/25 to 01/20/26 MCDOWELL PARK (OAK ST) 46449 2317876 33.82 TOTAL PARK MAINTENANCE 26,780.91
10050554 PAVEMENT MAINTENANCE
01/29/26 FULL TRAFFIC MAINTEN SIGN HARDWARE 46730 2317844 1,658.44 01/22/26 CINTAS CORPORATION 6 11/20/25 UNIFORMS 45998 2317782 78.10 01/22/26 CINTAS CORPORATION 6 12/18/25 UNIFORMS 46316 2317782 35.80 01/29/26 FULL TRAFFIC MAINTEN BANDIT STRAP ROLL 46751 2317844 829.22 01/29/26 RESOURCE BUILDING MA CONCRETE MIX 46752 2317872 366.58 01/29/26 ALL AMERICAN ASPHALT ASPHALT REPAIRS 46739 2317825 349.03 01/29/26 RESOURCE BUILDING MA CREDIT FOR PALLET CHARGE 46740 2317872 (30.00) TOTAL PAVEMENT MAINTENANCE 3,287.17
10050555 STORM DRAIN MAINT
01/22/26 CINTAS CORPORATION 6 11/20/25 UNIFORMS 45998 2317782 10.63 01/22/26 CINTAS CORPORATION 6 12/18/25 UNIFORMS 46316 2317782 8.77 01/29/26 JOHN L. HUNTER & ASS OCT 2025 HYDROLOGY REVIEWS 16300 EUCLID 46780 5368 603.00 01/29/26 JOHN L. HUNTER & ASS OCT 2025 WQMP REVIEW 16582 BROOKHURST 46781 5368 255.00 01/29/26 JOHN L. HUNTER & ASS OCT 2026 5 - HYDROLOGY REVIEWS 17103 46782 5368 1,193.50 01/29/26 FUSCOE ENGINEERING DEC 2025 - MS4 AUDIT PREPARATION 46499 5365 2,589.28 01/29/26 SO CALIF EDISON CO 12/17/25 to 01/15/26 SANDLEWOOD PUMP 46448 2317875 739.08 01/29/26 WILLDAN ENGINEERING THRU 01/02/26 - WQMP REVIEWS 16300 EUCLID 46446 2317887 2,088.00 TOTAL STORM DRAIN MAINT 7,487.26
10050558 RECREATION CENTER
01/29/26 MERCHANTS LANDSCAPE 12/25 SPORTS PARK LANDSCAPE MAINT 46760 5378 42,618.77 01/29/26 GAIL MATERIALS INFIELD MIX FOR FIELD 1-15 46737 2317846 2,498.13 01/22/26 ALAN'S LAWNMOWER & G REPLACEMENT PARTS FOR CHAINSAWS 46284 2317764 467.34 01/29/26 AGUINAGA GREEN, INC TOPPER FOR SPORTS FIELD 1-15 46757 5361 2,844.60 01/29/26 ALAN'S LAWNMOWER & G CHAINS FOR CHAINSAW AND PRUNERS 46756 2317824 964.02

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01/29/26 SAKIOKA WHOLESALE NU PLANT MATERIAL FOR SPORTS PARK 46754 2317873 1,398.40 01/29/26 ALAN'S LAWNMOWER & G CHAINSAW SERVICE 46741 2317824 333.23 01/29/26 AGUINAGA GREEN, INC SEED TOPPER FOR SPORTS PARK FOR FIELD 46738 5361 2,370.50 TOTAL RECREATION CENTER 53,494.99
10060600 FIRE SUPPRESSION
01/22/26 INLAND FLEET SOLUTIO APPARATUS MAINTENANCE AND REPAIR #328 46372 2317793 990.95 01/22/26 INLAND FLEET SOLUTIO APPARATUS MAINTENANCE AND REPAIR #320 46373 2317793 25,397.74 01/22/26 AMAZON JANITORIAL SUPPLIES 46374 5335 31.04
01/22/26 PURETEC INDUSTRIAL W DEIONIZED WATER SYSTEM STATION 1 46379 2317803 130.75 01/22/26 RAPCO INDUSTRIES, IN SHARPENED CUTTERS 46381 2317804 39.31 01/22/26 AT&T MOBILITY 12.9.25-1.8.26 FIRE CELL PHONES 46383 2317776 187.01 01/22/26 AT&T MOBILITY 12.9.25-1.8.26 FIRE BACK UP CELLS 46385 2317778 733.32 01/22/26 INLAND FLEET SOLUTIO APPARATUS MAINTENANCE AND REPAIR #284 46404 2317793 3,511.68 TOTAL FIRE SUPPRESSION 31,021.80
10060602 AMBULANCE SERVICES
01/22/26 WITTMAN ENTERPRISES, 12.1.25-12.31.25 AMBULANCE BILLING 46380 5357 12,260.38 01/22/26 AT&T MOBILITY 12.9.25-1.8.26 AMBULANCE CELL PHONE 46384 2317777 45.49 01/22/26 AMBULANCE REFUND WITMAN DECEMBER REFUND TO KAISER 46386 2317771 16.51 01/22/26 AMBULANCE REFUND WITTMAN REFUND TO HEALTH NOW 46387 2317770 1,597.16 01/22/26 AMBULANCE REFUND WITTMAN JANUARY REFUND TO MEDICARE 46388 2317772 481.44 01/22/26 AMBULANCE REFUND WITTMAN JANUARY REFUND TO CAL OPTIMA 46389 2317768 623.61 01/22/26 AMBULANCE REFUND WITTMAN JANUARY REFUND TO MEDICARE 46390 2317773 474.29 01/22/26 AMBULANCE REFUND WITTMAN JANUARY REFUND TO CIGNA 46391 2317769 60.50 01/22/26 AMBULANCE REFUND WITTMAN JANUARY REFUND TO BLUE SHIELD 46392 2317765 92.26 01/22/26 AMBULANCE REFUND WITTMAN JANUARY REFUND TO BLUE SHIELD 46393 2317766 78.49 01/22/26 AMBULANCE REFUND WITTMAN JANAURY REFUND TO BLUE SHIELD 46394 2317767 16.65 TOTAL AMBULANCE SERVICES 15,746.78
10060603 FIRE PREVENTION
01/22/26 AWARDS & TROPHIES CO NAME BARS - NGUYEN 46375 2317780 27.24 01/22/26 VCA CODE 12.1.25-12.31.25 FIRE PLAN CHECKS 46377 5355 2,060.00 01/22/26 GRM INFORMATION MANA 12.1.25-12.31.25 FIRE FILE STORAGE 46382 5344 9.31 01/22/26 AT&T MOBILITY 12.9.25-1.8.26 FIRE CELL PHONES 46383 2317776 96.03 TOTAL FIRE PREVENTION 2,192.58
10060605 DISASTER PREPAREDNESS
01/22/26 AT&T MOBILITY 12.9.25-1.8.26 FIRE CELL PHONES 46383 2317776 45.49 TOTAL DISASTER PREPAREDNESS 45.49
10070700 PATROL
01/29/26 BEST TOWING AND TRAN MOTORHOME TOWED IN ERROR PER FRAHM 46427 2317827 1,490.30 01/29/26 VERIZON WIRELESS COURT LIAISON PHONE 46425 2317885 38.86 01/29/26 AT&T MOBILITY PD CELL PHONES 11/27/25-12/26/25 46451 2317826 2,759.21 01/29/26 UC REGENTS DR 25-40476 46452 2317884 875.00
01/29/26 G & W TOWING DR 25-16166 TOYOTA COROLLA 46457 2317845 900.00 01/29/26 AMAZON BATTERY FOR DISPATCH 46456 5362 3.14
01/29/26 AMAZON FRONT DESK RECEIPT BOOK 46444 5362 27.60 01/29/26 DELTA GLOVES DEPARTMENT GLOVES 46419 2317837 1,630.20

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01/29/26 AMAZON DESK/DOOR NAME PLATES 46433 5362 100.30 01/29/26 AMAZON RECORDS SUPPLIES 46421 5362 231.50
01/29/26 AMAZON RECORDS SUPPLIES 46418 5362 73.24
TOTAL PATROL 8,129.35
10070701 INVESTIGATION
01/29/26 THOMSON REUTERS WEST DEC 2025 - PUBLIC RECORD SEARCHES 46423 2317881 655.00 01/22/26 DEPARTMENT OF JUSTIC DEC 2025 HR & PD DEPT 46347 2317786 32.00 01/29/26 DEPARTMENT OF JUSTIC DEC 2025 - PARTIAL PAYMENT OF PD LIVE 46420 2317838 266.00 01/29/26 EFFICIENT X-RAY, INC BIOHAZARD WASTE PICKUP 46432 2317841 237.39 01/29/26 AMAZON PROPERTY SUPPLIES 46440 5362 193.57
01/29/26 AMAZON PROPERTY SUPPLIES 46442 5362 62.91
01/29/26 COUNTY OF ORANGE DEC 2025 - AFIS 46459 2317835 1,688.00 TOTAL INVESTIGATION 3,134.87
10070702 TRAFFIC
01/29/26 UNIVERSAL PROTECTION FUTA CREDIT REDUCTION BILLBACK 46455 5388 262.84 TOTAL TRAFFIC 262.84
10070703 CANINE
01/29/26 COMMUNITY VETERINARY K9 POMIX BOARDING 1/4/26-1/7/26 46450 2317832 280.00 TOTAL CANINE 280.00
10070704 S.W.A.T.
01/29/26 CITY OF WESTMINSTER JAN TO DEC 2025 SWAT RANGE FEES 46461 2317831 784.00 TOTAL S.W.A.T. 784.00
10070705 L.E. COMMUNICATIONS
01/29/26 CYRACOM INTERNATIONA DEC 2025 - NON-EMERGENCY TRANSLATIONS 46454 2317836 77.28 TOTAL L.E. COMMUNICATIONS 77.28
10070707 CRIME PREVENTION
01/29/26 AMAZON THOMAS GUIDE 46458 5362 47.93
TOTAL CRIME PREVENTION 47.93
10080801 ATHLETICS
01/22/26 SCMAF - ORANGE COUNT YOUTH AND ADULT SPORTS WORKSHOP LEO 46272 2317812 40.00 01/22/26 MANHATTAN STITCHING FALL 2025 ADULT SOFTBALL CHAMPIONSHIP 46274 2317795 2,641.54 01/22/26 MANHATTAN STITCHING 2ND PLACE AWARDS FOR FALL 2025 ADULT 46275 2317795 762.24 01/22/26 REC SVCS REFUND REFUND FOR 742010 46322 2317807 80.00 01/22/26 SCMAF - ORANGE COUNT SCMAF MEMBERSHIP DUES 46395 2317812 425.00 TOTAL ATHLETICS 3,948.78
10080810 SENIOR & COMM CENTER
01/22/26 ROGERS, ANTONY ODELL ENTERTAINMENT FOR HOLIDAY LUNCHEON 46282 2317810 350.00 01/29/26 AMAZON BULLETIN BOARD 46424 5362 93.66
01/29/26 AMAZON WIPES FOR FITNESS ROOM 46426 5362 111.02 01/29/26 AMAZON SIGN HOLDERS 46428 5362 83.65
01/29/26 AMAZON PICTURE FRAMES 46429 5362 (18.48)
01/29/26 AMAZON CROCODILE WIPES FOR CLEANING 46431 5362 124.85 01/29/26 AMAZON MAGENTIC LABELS 46435 5362 27.17
01/22/26 VERIZON WIRELESS SENIOR CENTER CELL PHONES 12/2 - 1/1/26 46401 2317820 85.03 01/29/26 AMAZON MOUSE PAD 46437 5362 4.34

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01/29/26 AMAZON ACRYLIC SIGN HOLDERS 46438 5362 22.83
01/29/26 AMAZON OFFICE SUPPLIES 46439 5362 14.04
01/22/26 SPECTRUM GAS PRODUCT SENIOR CENTER HELIUM TANK REFILL 46279 2317815 429.61 01/29/26 LEI JES CATERING CATERING FOR LUNAR NEW YEAR LUNCHEON 46519 5369 1,365.73 TOTAL SENIOR & COMM CENTER 2,693.45
10080811 SENIOR TRANSPORTATION
01/22/26 OCY MANAGEMENT LLC SENIOR TRANSPORTATION SERVICES - 46296 5347 13,824.00 TOTAL SENIOR TRANSPORTATION 13,824.00
10080820 CONTRACT CLASSES
01/22/26 DANCE WITH KIMBERLY INSTRUCTOR PAYMENT 271137-A2 45610 5340 260.00 01/22/26 AMAZON OFFICE SUPPLIES - PENS 1GWY-PN6D-3MR6 45952 5336 83.47 01/22/26 REC SVCS REFUND 212011-A3 CLASS PRORATED REFUND 46320 2317805 63.50 01/22/26 REC SVCS REFUND 351017-A2 REFUND 46321 2317806 45.00 01/22/26 COM SVCS REFUND REFUND FOR LINE DACNING FOR BEGINNERS 46410 2317783 46.00 01/22/26 COM SVCS REFUND REFUND FOR LINE DANCING 2/3 46411 2317785 36.00 01/22/26 COM SVCS REFUND REFUND FOR INTEGRAL TAI CHI I 46412 2317784 42.00 01/29/26 REC SVCS REFUND BREAKTHROU SPORTS REFUND 312012-A1 46467 2317868 96.00 01/29/26 POSTMASTER/U.S.POSTA POSTAGE FOR SPRING 2026 FP 46468 2317863 3,000.00 TOTAL CONTRACT CLASSES 3,671.97
10093001 P&B PROJECTS (NON-RECURRING)
01/29/26 THE PLANNING CENTER JUL 2025 GENERAL PLAN UPDATE 46345 2317880 1,161.25

TOTAL P&B PROJECTS (NON-

1,161.25
10097000 GF PROJ RECURRING
01/29/26 COUNTY OF ORANGE 1/1/26-3/31/26 800 MHZ AGREEMENT (COUNTY 46453 2317835 34,756.88 TOTAL GF PROJ RECURRING 34,756.88
10098001 GENERAL FUND
01/22/26 RHA LANDSCAPE PARKS & COMMUNITY SERVICES MASTER PLAN 46280 2317808 1,200.00 TOTAL GENERAL FUND 1,200.00
11010050 ISF IS ADMIN CAPITAL
01/29/26 TYLER TECHNOLOGIES PAYROLL TAX TABLE UPDATE 46340 2317883 1,050.00 01/29/26 TYLER TECHNOLOGIES CUSTOM REPORT WRITING - INITIAL 46342 2317883 3,000.00 01/29/26 TYLER TECHNOLOGIES CUSTOM REPORT WRITING - FINAL PASS 46341 2317883 3,000.00 01/22/26 FIRST DUE FIRST DUE SUBSCRIPTION 46281 5342 28,115.00 01/29/26 ADVANCED OFFICE / IN CONTRACT 41585 OVERAGE 12/6 - 1/5/26 46337 2317823 66.89 01/29/26 ADVANCED OFFICE / IN CONTRACT M22588 OVERAGE 12/3 - 1/2/26 46338 2317823 54.72 01/22/26 NEOGOV NEOGOV RENEWAL 3/7/25-3/6/27 46291 2317797 21,024.01 01/29/26 ADVANCED OFFICE / IN CONTRACT M9483 OVERAGE 12/1 - 12/31/25 46339 2317823 55.80 01/29/26 TPX COMMUNICATIONS CITY & PD PHONE LINES 1/9 - 2/8/26 46397 2317882 5,162.00 TOTAL ISF IS ADMIN CAPITAL 61,528.42
11094001 ISF IS FINANCE PRJ NON-REC
01/29/26 TYLER TECHNOLOGIES UB IMP AUG 19, 2025 - SIDES 46343 2317883 700.00 TOTAL ISF IS FINANCE PRJ NON-REC 700.00
11100000 ISF GOVERNMENT BUILDINGS
01/29/26 HORIZONS CONSTRUCTIO CON 1436 RETENTION RELEASE PRJ 24045 46335 5366 6,489.86 TOTAL ISF GOVERNMENT BUILDINGS 6,489.86

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11110000 ISF GB CITY HALL
01/22/26 CINTAS CORPORATION 6 11/20/25 UNIFORMS 45998 2317782 18.86 01/22/26 CINTAS CORPORATION 6 12/18/25 UNIFORMS 46316 2317782 18.86 01/29/26 RED WING BUSINESS AD SAFETY BOOTS-S.J. 46762 2317869 213.01 01/29/26 RED WING BUSINESS AD SAFETY BOOTS-C.G. 46763 2317869 213.01 01/29/26 RED WING BUSINESS AD SAFETY BOOTS-D.D. 46764 2317869 255.63 TOTAL ISF GB CITY HALL 719.37
11150000 ISF GB CITY YARD
01/22/26 CANTEEN REFRESHMENT OFFICE/COFFEE SUPPLIES 46285 5338 256.79 01/22/26 AMAZON IPHONE CASE AND SCREEN PROTECTORS 45962 5335 24.45 01/22/26 AMTECH ELEVATOR SERV 1/1/26-1/31/26 ELEVATOR MAINT. YARD 46289 5337 235.05 01/22/26 REGENCY ENTERPRISES, GUN STATION LIGHTS 46290 5349 10.18 01/29/26 KEN'S LOCKSMITHERY KEYS FOR CITY YARD 46746 2317849 267.00 01/29/26 AMTECH ELEVATOR SERV 2/1/26-2/28/26 ELEVATOR SERVICE-YARD 46744 5363 235.05 01/29/26 ROAD RUNNER EXTERMIN 1/2026-4/2026 QUARTERLY PEST CONTROL 46735 5380 149.00 TOTAL ISF GB CITY YARD 1,177.52
11160001 ISF GB FS1
01/22/26 PACIFIC COAST REFRIG WEIGHT ROOM UNIT HVAC REPAIRS 46006 2317801 4,800.00 01/29/26 PACIFIC COAST REFRIG FIRE STATION #1 HVAC REPAIRS 46396 2317862 938.00 TOTAL ISF GB FS1 5,738.00
11160002 ISF GB FS2
01/29/26 SO CALIF EDISON CO 12/22/25 to 01/21/26 FIRE STATION NO. 2 46478 2317877 875.10 TOTAL ISF GB FS2 875.10
11170000 ISF GB POLICE DEPARTMENT
01/22/26 AMTECH ELEVATOR SERV 1/1/26-1/31/26 ELEVATOR MAINT. PD 46287 5337 212.51 01/22/26 AMTECH ELEVATOR SERV 1/1/26-1/31/26 ELEVATOR MAINT.-SENIOR 46288 5337 201.52 01/29/26 FRONTIER COMMUNICATI 1/7 - 2/6/26 JAIL PHONE 46400 2317843 131.12 01/29/26 AMTECH ELEVATOR SERV 2/1/26-2/25/26 ELEVATOR SERVICE-PD 46731 5363 212.51 01/29/26 COUNTY OF ORANGE DEC 2025 - OCATS 46460 2317835 1,374.20 01/29/26 PACIFIC COAST REFRIG POLICE DEPARTMENT HVAC REPAIRS 46399 2317862 4,800.00 01/29/26 JMG SECURITY SYSTEMS FIRE SYSTEM TESTS 46732 5367 321.25 TOTAL ISF GB POLICE DEPARTMENT 7,253.11
11180000 ISF GB REC CENTER
01/29/26 DUNN-EDWARDS CORPORA PAINT FOR SNACK BAR A 46742 2317840 192.68 TOTAL ISF GB REC CENTER 192.68
11180001 ISF GB SR CENTER
01/22/26 ROAD RUNNER EXTERMIN 1/2026 PEST AND RODENT CONTROL-SENIOR 46286 5350 144.00 01/29/26 AMTECH ELEVATOR SERV 2/1/26-2/28/26 ELEVATOR SERVICES-SENIOR 46745 5363 201.52 01/29/26 PACIFIC COAST REFRIG SENIOR CENTER HVAC REPAIRS 46758 2317862 2,570.00 TOTAL ISF GB SR CENTER 2,915.52
11180051 ISF GB R&C CAPITAL
01/22/26 TRUELINE CONSTRUCTIO 9/29-11/03/25 PICKLEBALL PROJECT PP1 45949 2317816 118,835.00 TOTAL ISF GB R&C CAPITAL 118,835.00
11250001 PW - FLEET MGMT
01/22/26 MCFADDEN DALE INDUST SHOP PARTS 46314 2317796 152.27

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01/22/26 CINTAS CORPORATION 6 11/20/25 UNIFORMS 45998 2317782 73.59 01/22/26 RINCON TRUCK CENTER, STOCK PARTS 46305 2317809 35.97 01/22/26 CINTAS CORPORATION 6 12/18/25 UNIFORMS 46316 2317782 73.59 01/22/26 SC COMMERCIAL LLC BULK GAS FOR FIRE STATION 1 46298 5351 1,471.21 01/22/26 FACTORY MOTOR PARTS PART FOR UNIT 306 46309 2317788 304.46 01/22/26 AUTONATION HONDA PART FOR UNIT 408 AND CREDIT BACK 46302 2317779 103.49 01/22/26 AUTONATION HONDA PART FOR UNIT 408 46303 2317779 79.80 01/22/26 RINCON TRUCK CENTER, STOCK PARTS 46304 2317809 103.87 01/22/26 FACTORY MOTOR PARTS STOCK PARTS 46308 2317788 32.99 01/22/26 REGENCY ENTERPRISES, SHOP SUPPLY 46299 5349 29.64 01/22/26 DEPT 143 TIRE FOR UNIT 348 46300 2317787 432.83 01/22/26 RINCON TRUCK CENTER, CORE CREDITS 46306 2317809 (69.82) 01/22/26 FACTORY MOTOR PARTS STOCK PARTS 46307 2317788 2,009.31 01/22/26 FACTORY MOTOR PARTS PART FOR UNIT 435 46311 2317788 966.79 TOTAL PW - FLEET MGMT 5,799.99
11250052 ISF FL PW CAPITAL
01/28/26 ENTERPRISE FM TRUST NOV-DEC 2025 ENTERPRISE LEASES 46518 5359 115,750.39 TOTAL ISF FL PW CAPITAL 115,750.39
11270052 ISF FL PD CAPITAL
01/29/26 AMAZON EQUIPMENT FOR TAHOES 46441 5362 91.32
TOTAL ISF FL PD CAPITAL 91.32
11350053 ISF EQ PW R&C CAPITAL
01/29/26 SMARDAN SUPPLY CO. SEWER LATERAL PUSH CAMERA REEL AND 45997 5383 13,997.20 TOTAL ISF EQ PW R&C CAPITAL 13,997.20
11370053 ISF EQ PD R&C CAPITAL
01/29/26 GALLS, LLC VEST - H. RAMIREZ 46422 2317847 890.35 01/29/26 PROFORCE MARKETING, GUN HOLSTERS (60) 46430 2317865 8,588.86 01/29/26 AMAZON AVILA & CHIEF'S CONF ROOM CHAIRS 46443 5362 338.70 TOTAL ISF EQ PD R&C CAPITAL 9,817.91
11380053 ISF EQ R&C CAPITAL
01/22/26 ULINE VERMICULITE 46376 2317817 1,297.65
01/29/26 AMAZON STORAGE CABINETS 46436 5362 556.58
TOTAL ISF EQ R&C CAPITAL 1,854.23
11400411 SELF INSURANCE
01/29/26 LIEBERT, CASSIDY & W LCW LEGAL FEES 46778 5370 824.50 01/29/26 LIEBERT, CASSIDY & W LCW LEGAL FEES 46779 5370 2,419.70 01/22/26 TEMPORARY STAFFING PART TIME TEMP EMPLOYEE WE 12/21 45560 5353 1,480.34 01/29/26 TEMPORARY STAFFING PART TIME TEMP EMPLOYEE WE 12/28/25 45627 5385 1,210.02 01/29/26 RELIABLE TRANSLATION VIETNAMESE TRANSLATION FOR 1/20/2026 CC 46417 2317870 1,380.00 TOTAL SELF INSURANCE 7,314.56
11400430 SELF INSURANCE
01/22/26 FOUNTAIN VALLEY FIRE JANUARY 2026 - FVFA LTD 46007 5343 702.00 01/22/26 TRUST OF PORAC FEB 2026 - PORAC LTD (ACCT 54541) 46403 5354 1,291.50 01/29/26 THE LINCOLN NATIONAL FEB 2026 LIFE INSURANCE/LTD/ADD/EAP 46728 2317879 3,568.00 TOTAL SELF INSURANCE 5,561.50

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23030313 CDBG NEIGHBOORHOOD REVITA
01/22/26 4 13 GC SERVICES HIP GRANT 46406 2317763 1,000.00 01/29/26 PROFESSIONAL MOBILE HIP GRANT PARTIAL PAYMENT 46736 2317864 9,510.00 TOTAL CDBG NEIGHBOORHOOD REVITA 10,510.00
23030314 CDBG OC FAIR HOUSING PROG
01/22/26 FAIR HOUSING COUNCIL PSA SUB-RECIPIENT GRANT PER 24-25 ACTION 46278 2317789 1,250.00 TOTAL CDBG OC FAIR HOUSING PROG 1,250.00
23030315 CDBG PUBLIC SERVICE
01/22/26 WAYMAKERS PSA SUB-RECIPIENT GRANT PER 25-26 ACTION 46346 5356 1,062.62 01/22/26 SENIOR SERVICE PSA SUB-RECIPIENT GRANT PER 25-26 ACTION 46292 2317813 1,550.00 01/22/26 SENIOR SERVICE PSA SUB-RECIPIENT GRANT PER 25-26 ACTION 46293 2317813 610.00 01/29/26 BOYS & GIRLS CLUBS O PSA SUB-RECIPIENT GRANT PER 25-26 ACTION 46416 2317828 2,065.75 TOTAL CDBG PUBLIC SERVICE 5,288.37
50000000 WF NON-DEPARTMENTAL
01/29/26 MULTI FAMILY BUILDER METER - DEPOSIT REFUND 45889 2317855 2,500.00 01/29/26 MULTI FAMILY BUILDER METER - REFUND DEPOSIT 45890 2317856 2,500.00 01/29/26 WCCG #1051 (DEPOSIT METER - DEPOSIT REFUND 45891 2317886 2,451.36 01/29/26 HOANG, TRI UTILITY REFUND - FINALED 5/28/2025 46325 2317848 200.00 01/29/26 ORANGE COUNTY SANITA UTILITY REFUND - FINALED 10/12/25 46326 2317861 386.96 01/29/26 A-CREATIVE PROPERTY UTILITY REFUND - FINALED 10/23/25 46327 2317822 21.71 01/29/26 METCALF, JACK A UTILITY REFUND - FINALED 12/2/25 46328 2317853 53.88 01/29/26 PUTNAM, JASMINE UTILITY REFUND - FINALED 12/4/25 46329 2317866 20.11 01/29/26 METCALF, JACK A UTILITY REFUND - FINALED 12/2/25 46330 2317853 40.80 01/29/26 BROOKS, GAVIN UTILITY REFUND - FINALED 12/10/25 46331 2317829 52.20 01/29/26 STEVE DEMOS UTILITY REFUND - FINALED 12/7/25 46332 2317878 22.83 01/29/26 KRISTY DONG UTILITY REFUND - FINALED 12/15/25 46333 2317850 53.81 TOTAL WF NON-DEPARTMENTAL 8,303.66
50050570 WF WTR PROD. OPNS
01/22/26 CINTAS CORPORATION 6 11/20/25 UNIFORMS 45998 2317782 19.92 01/22/26 CINTAS CORPORATION 6 12/18/25 UNIFORMS 46316 2317782 19.92 01/22/26 GOLDEN METERS SERVIC PRODUCTION METER TESTING 46378 2317791 3,520.00 01/27/26 ORANGE COUNTY WATER OCWD WELL REPLNSHMNT JUL-DEC 25 45961 5287 3,147,881.40 01/29/26 AAA OIL, INC. OIL FOR MOTORS 46465 5360 3,398.19 01/29/26 SO CALIF EDISON CO 12/04/25 to 01/05/26 RES# 2 & WELLS 46445 2317874 82,792.56 TOTAL WF WTR PROD. OPNS 3,237,631.99
50050571 WF DISTRIBUTION SYSTEM
01/29/26 MUNICIPAL WATER DIST AUG 2025 - TURF REMOVAL & S2D 46477 2317859 853.10 01/22/26 CINTAS CORPORATION 6 11/20/25 UNIFORMS 45998 2317782 62.21 01/22/26 YO FIRE DISTRIBUTION MAINTENANCE 45675 2317821 947.00 01/22/26 ROSEBURROUGH TOOL IN EXCAVATION TOOLS 45987 2317811 1,044.15 01/22/26 CINTAS CORPORATION 6 12/18/25 UNIFORMS 46316 2317782 57.31 01/22/26 AMAZON MAXIFLEX 45989 5335 57.39
01/22/26 YO FIRE SERVICE COPPER 45799 2317821 3,369.35
01/22/26 HANSON AGGREGATES, L WASH CON SAND 45795 2317792 1,084.10 01/22/26 HANSON AGGREGATES, L ROAD BASE 45796 2317792 334.79

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01/22/26 UNDERGROUND SERVICE UNDERGROUND SAFETY BOARD 45797 2317818 89.08 01/22/26 UNDERGROUND SERVICE USA DIGALERT 45798 2317818 248.00 01/22/26 CALIFORNIA WATER EFF 2026 DUES - CALWEP/AWE 46294 2317781 1,967.13 01/22/26 SMARDAN SUPPLY CO. AIRVAC REPAIR 46001 5352 155.66 01/22/26 SMARDAN SUPPLY CO. SERVICE COPPER 46002 5352 280.39 01/22/26 YO FIRE 2" SERVICE MATERIAL 46003 2317821 1,801.99 TOTAL WF DISTRIBUTION SYSTEM 12,351.65
50050574 WF METER M & R
01/22/26 AQUA-METRIC SALES 3/4" IPERL 45806 2317774 3,366.52 01/22/26 AQUA-METRIC SALES MXU SINGLEPORT 45805 2317774 3,454.83 01/22/26 AQUA-METRIC SALES 3" METER REGISTERS 45800 2317774 2,205.37 01/22/26 AQUA-METRIC SALES 1" IPERL 45802 2317774 3,484.85 01/22/26 AQUA-METRIC SALES MXU SINGLE PORT 45804 2317774 3,453.03 01/22/26 AQUA-METRIC SALES MXU HOUSING 45801 2317774 3,459.42 01/22/26 AQUA-METRIC SALES METER REGISTERS 45803 2317774 3,080.07 TOTAL WF METER M & R 22,504.09
50150580 SF SEWER MAINTENANCE
01/22/26 CINTAS CORPORATION 6 11/20/25 UNIFORMS 45998 2317782 13.39 01/22/26 OMEGA INDUSTRIAL SUP EQUIPMENT SUPPLIES 46283 5348 919.80 01/22/26 CINTAS CORPORATION 6 12/18/25 UNIFORMS 46316 2317782 13.39 01/22/26 SO CALIF EDISON CO 12/15/25 to 01/13/26 SEWER LIFT STATION 46313 2317814 590.91 01/29/26 FERGUSON ENTERPRISES SEWER LINE LOCATOR TOOL 46494 2317842 3,177.35 01/29/26 LIFECOM GAS MONITOR CALIBRATION 46495 2317852 80.00 TOTAL SF SEWER MAINTENANCE 4,794.84
50250590 SWF SOLID WASTE
01/29/26 REPUBLIC SERVICES, I DEC 2025 RUBBISH HAULING 46324 2317871 415,280.80 TOTAL SWF SOLID WASTE 415,280.80
60030301 CUSTODIAL - BLDG SAFETY
01/22/26 OC SANITATION DISTRI DEC 2025 SEWER CONNECTION FEES 45946 2317799 8,676.27 TOTAL CUSTODIAL - BLDG SAFETY 8,676.27
60070701 CUSTODIAL - ASSET SEIZ INVSTGT
01/29/26 CITY OF FOUNTAIN VAL PD ASSET SEIZURE DR#25-37000 TRAN, MINH 46317 2317830 3,232.00 TOTAL CUSTODIAL - ASSET SEIZ INVSTGT 3,232.00
TOTAL $4,936,450.61

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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: February 17, 2026
Members of the City Council
SUBJECT: Approval of (1) the renewal of Brightly asset management software subscriptions and (2) an agreement for managed support services, in a net-neutral total annual cost, to provide enhanced training, support, and integration continuity for Brightly asset management software.

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 the growth and future needs of the City.
☐ Not applicable.

EXECUTIVE SUMMARY
Staff recommends approving the City’s annual renewal of Brightly’s asset management and work order software and authorizing the addition of managed support services to ensure longterm operational success, consistent training, and enhanced post-implementation support.

As part of implementation and the early operational ramp-up, staff identified the need for an enhanced support model, similar to the City’s prior experience, in which vendor support could be engaged as needed to reduce internal staff burden and maintain continuity after implementation closes. The managed support services provide structured training/onboarding support, access to a monthly bucket of support hours, and a clear escalation path for troubleshooting and ongoing optimization.

This action is structured to be a minimal increase to the City’s annual cost by reallocating funding from an existing Brightly line item to managed services. The software renewal total remains consistent with the current annual renewal amount.

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Brightly Renewal
February 17, 2026

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DISCUSSION
The City is currently implementing and expanding Brightly solutions to support Public Works operations, including work order management, asset tracking, and operational reporting.

During implementation, the City and Brightly confirmed additional needs that are critical to long-term success, including: (1) integration, (2) work order history migration, and (3) post-golive training and support capacity to address staff onboarding and system adoption.

Key components of the request:
 Software Renewal: Continue the City’s subscriptions with no disruption to service.  Managed Support Services (Post-Implementation): Add enhanced support resources that provide ongoing training and support hours and dedicated premier support coverage.
 Integration Continuity: Maintain ongoing support for DigAlert integration (including monitoring and continuity of service).
 Work Order History Migration: Complete the agreed scope to migrate historical work order data into the new environment to support continuity of records and reporting.

Schedule/timing:

Implementation remains within the previously planned timeline window. Integration work is expected to proceed following Council approval and executed agreements, with go-live remaining within the planned spring timeframe.

FISCAL REVIEW
2025/2026 2026/2027
Asset Essentials $24,256.16 $24,256.16
Capital Predictor $18,952.89 $18,952.89
Park Predictor $15,161.68 $0
Confirm Managed Support $0 $15,179.51
Sub-Total $58,370.73 $58,388.56
Net Change $17.83
Confirm (Work Order) $9,519.99 (3 Months) April-July $38,079.94 Total (12 Months) $96,450.67 $96,468.50
Approval of this action results in a minimal cost increase relative to the City’s current renewal total.

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Brightly Renewal
February 17, 2026

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 Managed support services: $15,179.51
 Offset/reallocation: We will discontinue the separate Parks Predictor line item ($15,161,68) and reallocate those funds toward the managed services. Parks Predictor data will be bundled within the Facilities Predictor platform, ensuring continuity of forecasting, capital planning, and asset investment planning without the need for a standalone Parks Predictor subscription.
 Net annual renewal impact: $17.83 increase (renewal total remains consistent with the current annual renewal amount).

Funding is budgeted within existing operational technology/software appropriations associated with asset management and maintenance operations.

PUBLIC NOTIFICATION
Not applicable.

ENVIRONMENTAL IMPACT REVIEW
Not applicable.

ATTORNEY REVIEW
The Attorney(s) for the City have reviewed this item.

ALTERNATIVES
Alternative No. 1: (Recommended): Approve the Brightly renewal and the managed support services agreement as presented, resulting in a $17.83 cost increase while strengthening post-implementation support, training continuity, and operational sustainability.

Alternative No. 2: Approve the software renewal without adding managed support services.

This is not recommended because it reduces post-implementation support capacity and may increase staff burden and risk adoption and operational continuity.

RECOMMENDATION
Staff is requesting City Council approval of Alternative No. 1 to approve the renewal of Brightly software subscriptions and the associated managed support services agreement, structured to maintain a net-neutral annual cost.

Prepared by: Steven Bohlson, IT Manager
Reviewed by: Scott Smith, Public Works Director
Scott Kim, IT Director

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Brightly Renewal
February 17, 2026

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Fiscal review by: Ryan Smith, Finance Director
Approved by: Maggie Le, City Manager
Attachments:

1. Quote for software renewal

2. Quote for new line-item professional services

3. Brightly Insurance Requirements

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PREPARED FOR
City Of Fountain Valley ("Customer")

PREPARED BY
Brightly Software Inc
4242 Six Forks Road, Suite 1400
Raleigh, NC 27609

PUBLISHED ON
January 28, 2026
1

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Q-460023
January 21, 2026
City Of Fountain Valley
Thank you for your continued support of our market leading solutions for improving efficiency in operations.

We are excited about providing you with online tools that will help you save money, increase efficiency and improve services. Brightly is dedicated to providing best in class solutions, including the following for City Of Fountain Valley.

Service Term: 12 months (07/01/2026 - 06/30/2027)
Cloud Services
Item Start Date End Date Investment
Asset Essentials
Enterprise
7/1/2026 6/30/2027 24,256.16 USD
Facilities/Physical
Plant Module
7/1/2026 6/30/2027 Included
Parks, Recreation
and Forestry Module
7/1/2026 6/30/2027 Included
Asset Essentials
Analytics
7/1/2026 6/30/2027 Included
Asset Essentials
Inventory
7/1/2026 6/30/2027 Included
GIS Asset
Management
7/1/2026 6/30/2027 Included
Capital Predictor
Enterprise
7/1/2026 6/30/2027 18,952.89 USD
Predictor Facilities/
Physical Plant
7/1/2026 6/30/2027 Included
Public Infrastructure -
Core
7/1/2026 6/30/2027 38,079.94 USD
Confirm Core 7/1/2026 6/30/2027
Confirm Core User 7/1/2026 6/30/2027
Confirm Core
Connect
7/1/2026 6/30/2027
Confirm Core
Workzone
7/1/2026 6/30/2027
Renewal: 81,288.99 USD
• Omnia Partners Contract Number: R210702 discount has been included • https://www.omniapartners.com/suppliers/brightly/public-sector 2

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Order terms

BY SIGNING THIS ORDER FORM, WHETHER BY ELECTRONIC OR WRITTEN SIGNATURE, YOU ARE PLACING A BINDING ORDER FOR THE OFFERINGS SHOWN. IF THE INDIVIDUAL ENTERING INTO THIS AGREEMENT IS ACCEPTING ON BEHALF OF

A COMPANY OR OTHER LEGAL ENTITY, THE INDIVIDUAL REPRESENTS THAT THEY HAVE THE AUTHORITY TO BIND SUCH

ENTITY AND ITS AFFILIATES TO THE TERMS AND CONDITIONS OF THIS AGREEMENT, IN WHICH CASE THE TERM "CUSTOMER" SHALL REFER TO SUCH ENTITY AND ITS AFFILIATES. IF THE INDIVIDUAL ACCEPTING THIS AGREEMENT DOES

NOT HAVE SUCH AUTHORITY OR DOES NOT AGREE WITH THE TERMS AND CONDITIONS SET FORTH HEREIN, THE INDIVIDUAL MUST NOT ACCEPT THIS AGREEMENT AND MAY NOT USE THE OFFERINGS.

A. The "Effective Date" of the Agreement between Customer and Brightly Software, a Siemens Company ("Siemens") is the date Customer accepts this Order
B. Proposal expires in sixty (60) days.

C. The Siemens entity entering into this Agreement is Brightly Software, Inc., a Delaware corporation, and the notice address shall be Corporate Trust Center, 1209 Orange Street, Wilmington, DE 19801 USA, Attn: Brightly Software.

D. By accepting this Order, and notwithstanding anything to the contrary in any other purchasing agreement, Customer agrees to pay all relevant Subscription Fees for the full Subscription Term defined above.

E. Payment terms: Net 30
F. This Order and its Offerings will be subject to the terms and conditions of the Terms of Service (the Base Terms together with any applicable Supplemental Terms) found at http://brightlysoftware.com/terms (http://brightlysoftware.com/terms) ("Agreement"), unless Customer has a separate written agreement executed by Brightly Software, Inc. for the Offerings, in which case the separate written agreement will govern its defined Term. Acceptance is expressly limited to the terms of the Agreement. No other terms and conditions will apply.

The terms of any purchase order or other document from Customer are excluded and such terms will not apply to the Order and will not supplement or modify the Agreement irrespective of any language to the contrary in such document.

G. Where the Customer is a state, local, or public education entity created by the laws of the applicable state, Siemens and Customer agree that the provisions of the State, Local Government, and Higher Education Addendum ("SLED Addendum") found at http://brightlysoftware.com/terms (http://brightlysoftware.com/terms) take precedence over any conflicting terms in the Agreement to the extent the deviations set forth therein are required by applicable law.

H. Siemens shall invoice Customer and Customer agrees to pay Siemens the amount specified on this Order.

Quantities purchased may not be decreased during the relevant Subscription Term. Customer is responsible for providing complete and accurate billing and contact information to Siemens and notifying Siemens promptly of any changes to such information.

I. If Customer is paying by credit card or Automated Clearing House ("ACH"), Customer shall establish and maintain valid and updated credit card information or a valid ACH auto debit account (in each case, the "Automatic Payment Method"). Upon establishment of such Automatic Payment Method, Siemens is hereby authorized to charge any applicable fees, including any processing fees, using such Automatic Payment Method.

J. Customer is responsible for paying all taxes associated with its purchases hereunder. Siemens shall invoice Customer and Customer shall pay that amount unless Customer provides Siemens with a valid tax exemption certificate, direct pay permit, or other government-approved documentation. Notwithstanding the foregoing, Customer is responsible for, and, to the extent permitted by law, will indemnify Siemens for: 1) any encumbrance, fine, penalty or other expense which Siemens may incur as a result of Customer's failure to pay any taxes 3

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required hereunder, and 2) any taxes, including withholding taxes, resulting from making an Offering available to Users in geographic locations outside the country in which Customer is located as per the Order. For clarity, Siemens is solely responsible for taxes assessable against Siemens based on its income, property and employees.

K. Siemens maintains the right to increase fees within the Subscription Term for Recurring Fee Offerings by an amount not to exceed the greater of prices shown in the investment table or the applicable CPI and other applicable fees and charges every 12 months. Any additional or renewal Subscription Terms will be charged at the then-current rate.

L. In the event Customer purchases the Cloud Services (including any renewals thereof) through an authorized reseller of Siemens, the terms and conditions of this Agreement shall apply and supersede any other agreement except for any terms and conditions related to fees, payment or taxes. Such terms and conditions shall be negotiated solely by and between Customer and such authorized reseller. In the event Customer ceases to pay the reseller, or terminates its agreement with the reseller, Siemens shall have the right to terminate Customer's access to the Cloud Services at any time upon thirty (30) days' notice to Customer unless Customer and Siemens have agreed otherwise in writing.

Cloud Services
A. Billing frequency: Annual
B. Cloud Services Offerings will be subject to the terms and conditions of the General Software and Cloud Supplemental Terms found at http://brightlysoftware.com/terms (http://brightlysoftware.com/terms) .

C. Any Offerings identified as Cloud Services on this Order shall automatically renew for additional periods equal to the expiring Subscription Term or one year, whichever is longer, unless either party has provided written notice of its intent to terminate the Cloud Service subscription not less than forty-five (45) days prior to the expiration of the then-current Subscription Term.

D. During the Term, Siemens shall, as part of Customer's Subscription Fees provide telephone and email support ("Support Services") 24 hours/day, 7 days/week.

E. Siemens shall use commercially reasonable efforts to make its Software or Cloud Service available 99.9% of the time for each full calendar month during the Subscription Term, determined on twenty-four (24) hours a day, seven (7) days a week basis (the "Service Standard"). The Service Standard availability for access and use by Customer(s) excludes unavailability when due to: (a) any access to or use of the Cloud Service by Customer or any Account User that does not strictly comply with the terms of the Agreement or the Documentation; (b) any failure of performance caused in whole or in part by Customer's delay in performing, or failure to perform, any of its obligations under the Agreement; (c) Customer's or its Account User's Internet connectivity; (d) any Force Majeure Event; (e) any failure, interruption, outage, or other problem with internet service or non-Cloud Service; (f) Scheduled Downtime; or (g) any disabling, suspension, or termination of the Cloud Service by Siemens pursuant to the terms of the Agreement. "Scheduled Downtime" means, with respect to any applicable Cloud Service, the total amount of time (measured in minutes) during an applicable calendar month when such Cloud Service is unavailable for the majority of Customer's Account Users due to planned Cloud Service maintenance. To the extent reasonably practicable, Siemens shall use reasonable efforts to provide eight (8) hours prior notice of Cloud Service maintenance events and schedule such Cloud Service maintenance events outside the applicable business hours.

F. USE OF APIS. Customer is authorized to use any Application Programming Interface that is either: i) identified as a Cloud Services Offering, or ii) identified as published in the Documentation (collectively the "APIs") as part of any Offering for Customer's internal business purposes only. Customer may not use the APIs to enable unauthorized use of the Cloud Services. Customer may purchase a separate license to use certain published APIs to develop 4

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software for use solely in conjunction with the Cloud Services. Customer is prohibited from reselling any software developed through the use of the APIs unless (a) Customer is separately authorized to do so as a member of a Siemens partner program, or (b) Customer has purchased an Offering which include APIs that explicitly allows Customer to develop software for Customer's internal use or for resale under terms and conditions at least as protective as this Agreement. Customer may not otherwise modify, adapt, or merge the Offerings. Siemens has no obligations or liability for software developed by Customer using the APIs. Customer is prohibited from using unpublished APIs under any circumstances.

G. Siemens reserves the right to block IP addresses originating from a Denial of Service (DoS) attack. Siemens shall notify Customer should this condition exist and inform Customer of its action. Once blocked, an IP address shall not be able to access the Cloud Service and the block may be removed once Customer is satisfied corrective action has taken place to resolve the issue. Siemens also reserves the right to suspend or terminate service if Customer: 1) performs load tests, network scans, penetration tests, ethical hacks or any other security auditing procedure on the Cloud Service, 2) interferes with or disrupts the integrity or performance of the Cloud Service or data contained therein, or 3) otherwise violates the use restrictions under this Agreement.

H. Customer is entitled to access and use the Offerings only as explicitly described in the Documentation. These Offerings are intended for Customer's internal business operations only. There are no additional Entitlements or rights to use the Offerings or their related APIs beyond what is specified. Any other access or use is strictly prohibited under the Terms.

I. At the time of this Order, the implementation of the requirements of the Cyber Resilience Act EU 2024/2847 ("CRA") is not yet mandatory in the European Union (EU) due to its transitional periods. Not all clarifications on measures that the Customer and contractor will take to implement the new requirements within the project implementation can currently be completed. Therefore, the parties agree that the project scope and contract price agreed upon at the time of Agreement conclusion do not yet include any necessary measures to implement the CRA requirements. Siemens will present the implementation of these measures together with an adjustment of the contract price and schedules considering any additional expenses of the contractor in the appropriate project phases through the Change Request procedure.

Additional information
A. Prices shown above do not include any taxes that may apply. Any such taxes are the responsibility of Customer.

This is not an invoice. For customers based in the United States, any applicable taxes will be determined based on the laws and regulations of the taxing authority(ies) governing the "Ship To" location provided by Customer. Tax exemption certifications can be sent to [email protected] (mailto:[email protected]).

B. Billing frequency other than annual is subject to additional processing fees.

C. Provide Siemens with the purchase order number, if applicable. Acceptance of this Order without a purchase order number indicates that a purchase order is not necessary. Please reference Q-460023 on any applicable purchase order and email to [email protected] (mailto:[email protected])
D. Company can provide evidence of insurance upon request. 5

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Signature
Presented to:

City Of Fountain Valley - Q-460023
January 21, 2026, 1:59:14 PM
Accepted by:

Printed Name
Signed Name
Title
Date
6

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PREPARED FOR
City Of Fountain Valley ("Customer")
10200 Slater Ave
Fountain Valley, CA 92708

PREPARED BY
Brightly Software Inc
4242 Six Forks Road, Suite 1400
Raleigh, NC 27609

PUBLISHED ON
January 07, 2026
1

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Q-456994
Subscription Term: 17 months (02/01/2026 - 06/30/2027)
Cloud Services
Item Start Date End Date Pricing Based On Investment
Confirm Integration -
Tier 2
2/1/2026 6/30/2026 1.00 Each 1,042.60 USD
02/01/2026 - 06/30/2026 included at no additional cost -1,042.60 USD Subtotal: 0.00 USD
Professional Services
Item Pricing Based On Investment
- Professional Services & Project
Management

10.00 Hour(s)
- Connection, Configuration, &
Validation

17.00 Hour(s)
Professional Services 0.00 USD
Subtotal: 0.00 USD
Total Initial Investment 0.00 USD
2

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Managed Services
Item Start Date End Date Pricing Based
On Investment
Confirm Managed
Service
7/1/2026 6/30/2027 8,802.12 USD
Premier Support
Services
7/1/2026 6/30/2027 3,875.15 USD
Subtotal: 12,677.27 USD
Cloud Services Subscription
Item Investment Year 2 Start Date: 07/01/2026
Confirm Integration - Tier 2 2,502.24 USD
Total: 2,502.24 USD
Total Managed Services & Cloud Services Investment 15,179.51 USD 3

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4242 Six Forks Road, Suite 1400 +919 816 8237 [email protected] Raleigh, NC 27609 +919 816 5927 www.brightlysoftware.com Custom Confirm Consulting – Work Order Import
Scope of Work
This scope of work (SOW) is dated as of December 18, 2025, and is entered into and between Brightly Software, Inc. (Company) and City of Fountain Valley (Customer). The Company and Customer (Parties) are executing this SOW solely for the purpose of enabling and authorizing Company to provide professional services to Customer.

Summary:

Customer is currently implementing Company’s Confirm software. During the implementation process, it was identified that additional effort is required to import approximately 20,000 historical work orders. This work order import service ensures accurate migration of legacy work order data into the Confirm system, maintaining data continuity and supporting operational efficiency. The scope includes requirements gathering, data validation, template preparation, data import, and post-import review.

In Scope:

The items below are considered in scope of this SOW:

1. Custom Confirm Consulting Services – Historical Work Order Import Project Tasks:
• Historical Data Review
o Customer provides historical work order data for Company review. o Company will conduct a comprehensive review of the provided data set and provide any data discrepancies or gaps that require resolution.
o Customer will be responsible for addressing and resolving all identified data gaps and inconsistencies to ensure the data meets the necessary import specifications • Import Template Preparation and Review
o Upon resolution of data gaps, a review session will be scheduled to validate the prepared work order import file. The total duration for this session(s) will not exceed 4 hours. o Company will prepare the work order template and configure the required data fields within the system to align with historical data structure
• Data Import
o Company will execute the import of approximately 20,000 historical work orders • Post Import Review
o Company will conduct review session(s) to review the loaded data and address any final minor adjustments. Any modifications identified during this session will be completed, not to exceed a total of 4 hours of effort.

Acceptance Process:
• Company will confirm and document completion of each project task as it is delivered. • Customer will review and validate the prepared work order import file, prior to import. • Upon acceptance of the prepared work order import file, Company will import historical work orders. 4

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4242 Six Forks Road, Suite 1400 +919 816 8237 [email protected] Raleigh, NC 27609 +919 816 5927 www.brightlysoftware.com Assumptions & Responsibilities:

The Company has made the following general assumptions in this SOW to derive the cost for this project. It is the responsibility of Customer to validate these assumptions and responsibilities before signing the Acceptance.

Deviations from these assumptions may impact Company’s ability to successfully complete the project. Any changes in scope, schedule, or costs will be documented by the Company Project Coordinator, whether there is a cost impact or not.
• All services will be delivered virtually.
• The Customer will have a single point of contact/project manager for the duration of the project. • Any additional changes or services outside the scope of this document will have to be quoted separately. • Any services not explicitly included in this SOW are assumed to be out of scope. • The asset and location source data must exist and align in Confirm prior to the historical work order import.
• If the asset and location source data does not exist in Confirm, Company can associate work orders to a single, sample asset.
• The scope of the historical work order import service is limited to a maximum of 25,000 work orders.

Additional work orders beyond this volume will require a scope change and additional fees. • Customer is responsible for addressing and resolving any identified data gaps, inconsistencies, or formatting issues within the historical work order data provided prior to the import process • For the avoidance of doubt, the historical work order import service does not include the import of inspection records or requests
Project Schedule:

The project schedule will align with the primary Confirm implementation.

Change Management:

Customer may request that the Company add services not in the specifications by submitting a written proposed change order to the Company. Submitted change requests will be reviewed for approval. Approved change orders will become part of the applicable SOW when executed by both Parties, and the services described therein will become part of the services.

Invoicing:

Invoicing for this service will be billed on 100% upon service completion. 5

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Partner Delivered Service
ERP (Enterprise Resource Planning) to Confirm Integration SOW (Scope of Work)
This scope of work (SOW) is dated as of November 20, 2025, and is entered into and between Brightly Software, Inc. (Company) and City of Fountain Valley (Customer). The Company and Customer (Parties) are executing this SOW solely for the purpose of enabling and authorizing Company’s integration Subcontractor Makini, Inc. (Subcontractor) to perform work for Customer.

Summary:

Company’s service Subcontractor provides pre-built integrations to a wide range of industrial software systems including Enterprise Resource Planning (ERP), Manufacturing Execution Systems (MES), Warehouse Management Systems (WMS), and other critical business applications. These integrations enable Company's Confirm Computerized Maintenance Management System (CMMS) to seamlessly read, write, and synchronize data between products and Customer's various software systems.

A full list of supported ERPs is available at: https://www.makini.io/integrations In Scope:

1. Confirm Integration Service: DigAlert
The details provided in Appendix A – Integration specifications are considered in scope of this SOW.

Project Plan:
• Plan
o Subcontractor will hold a session to validate Customer requirements against readily available integrations to assess potential customization requirements. o Company will enable API (Application Programming Interface). o Subcontractor will assess connectivity requirements of the Customer software system(s) and testing requirements. Namely: whether software systems are deployed in the cloud or onpremises, whether the Customer has separate testing and production environments. o Company and Subcontractor will hold kick off meeting with Customer. • Connect
o Once Customer provides access to the software system(s) to be integrated, Subcontractor will establish connection.
• Test
o Subcontractor, Company, and Customer arrange for a session to test integration in test and/or production instance(s).
o If Customer has test instance(s), Subcontractor and Customer will determine cut over period to production instances.
• Run
o Subcontractor disables access to Customer’s test instance(s) and Customer is operating in their production environment.
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Acceptance Process:
• At the conclusion of the testing protocol, Customer will provide any feedback related to the integration Subcontractor and Company within 10-business days (excluding holidays) or unless otherwise determined.
• Customer to sign off on accepted integration
• If Customer feedback and sign off is not provided within the 10-business day period (excluding holidays), Company will assume that the integration services provided by the Subcontractor is approved and services will be deemed complete.

Assumptions & Responsibilities:

The Company has made the following general assumptions in this SOW to deliver this project based on initial discussions with Customer. It is the responsibility of Customer to validate these assumptions and before signing the Acceptance. Deviations from these assumptions may impact Company’s ability to successfully complete the project.

General
• It is estimated to take up to 17 Subcontractor hours to complete the services outlined in this SOW. • If Subcontractor support hours exceed 19 hours, the purchase of additional services will be required by following the change management process outlined below. • For avoidance of doubt, the Professional Services detailed within are for the delivery of integration between Confirm and Customer software system(s) as described in Appendix A. There is no custom development or modification available unless explicitly scoped and priced. • All Parties will be actively engaged during this project to ensure success with email responses within 2 business days.
• Any Professional Services not explicitly included in this SOW are assumed to be out of scope. • Any additional requests outside the scope of this document will require additional Professional Services and will incur a fee
• All Professional Services are governed by Company’s Terms of Use:
https://www.brightlysoftware.com/terms
• Testing will be completed in the Customer’s test and production instances of their software system(s) subject to Appendix A only.

Customer Responsibilities
• Will provide access and connectivity means to the requested software system(s), which may include either or combination of user account, API credentials, database access and VPN/firewall credentials. This includes both testing and production environments, as required. • Will provide a single point of contact for the duration of the Professional Services contained in this SOW. • Will nominate member of their team for Acceptance Testing. • Will attend scheduled meetings as required.
• Will review Appendix A – Integration Speciation’s and understand integration capabilities.

Company Responsibilities
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• All Professional Services will be delivered virtually • This is a one-time Professional Service; Company is not responsible for updating or maintaining provided integration
• Company will enable API (Application Programming Interface) for the duration of a valid integration subscription.
• If any customization requests are discovered, then the change management process will be invoked.

Project Schedule:

Transpired time for these Professional Services may vary, but it is estimated that the activities outlined in this SOW will be completed within 60 days from the kick-off call between Company, Subcontractor, and Customer.

Change Management:

Customer may request that Company or Subcontractor add services not in the specifications of this SOW by submitting a written proposed change order to the Company. All Professional Service change orders will follow the Company’s Terms of Use: https://www.brightlysoftware.com/terms Invoicing:

At the conclusion of Professional Services outlined in this SOW, the integration service will be completed to trigger billing for the full service.
8

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Appendix A – Integration specifications

1. Customer Systems of Interest
System 1: Confirm
• Tier N/A
• Deployment Type: Cloud
• Environment: Production only
System 2: DigAlert
• Tier: Tier 2
• Deployment: Cloud
• Environment: Production Only

2. Workflow specifications
A. Alert to Request Creation (Inbound)
When a DigAlert alert is created, the integration will automatically trigger and create a corresponding request in Confirm with the following data mappings:

Data Elements Synchronized:
• Site: Matched automatically using address from DigAlert. Site will be configured as a single DigAlert site in Confirm rather than individual street names to avoid address string matching issues. • Address/Location: Full address and location description (e.g., "northeast corner of Boulevard A and Boulevard B") transferred as string values
• Priority: Manually mapped during kickoff (DigAlert priorities: New, Resend, Emergency → Confirm priority levels)
• Department: Pre-assigned to Water department by default • Title & Description: Auto-populated from DigAlert alert details • Start Date/Time: Legal start date and time from DigAlert alert • Work Order Type: Request (will transition to Work Order during execution) Notes:
• The request will appear as a marker on the Confirm map within the inquiry request platform • Priority mapping will include special handling for Emergency tickets, which require immediate response (vs. standard 72-hour response time)
• All alerts will route to the Water department initially. Sewer, Storm Drain, and Irrigation departments will be addressed in future phases if needed
B. Work Order Attribute Updates (Outbound)
When field personnel complete work and update specific attribute fields in Confirm, the integration will send updates back to DigAlert to indicate marking status.

Attribute Fields to Sync (to be finalized during kickoff):
• Locate area marked (primary status)
• Clear / No conflict
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• Existing markings adequate (for renewed/resend tickets) • No markings requested
• Conflict identified
• Other marking statuses as determined during Confirm configuration Workflow:

1. Integration triggers on attribute field updates in Confirm work orders

2. System filters updates based on pre-defined attribute names

3. Matching DigAlert alert is identified using ticket number

4. Attribute value is synchronized to corresponding field in DigAlert Notes:
• Final list of attribute fields and their mappings will be determined during kickoff session based on Confirm configuration
• Attribute updates do not change work order status but provide additional context on marking completion • The decision between using custom attributes vs. status fields in Confirm will be finalized during Confirm build phase
C. Work Order Status Updates (Outbound)
When work order status changes in Confirm (e.g., Acknowledged, Assigned, In Progress, Completed), relevant status updates will be sent to DigAlert.

Status Mapping:
• Status mappings will be configured during kickoff session • Only relevant status transitions will trigger updates to DigAlert • Status mapping table will define which Confirm statuses correspond to which DigAlert status values Workflow:

1. Integration triggers on work order status changes in Confirm

2. Status mapping table is consulted to determine if update should be sent

3. Matching DigAlert alert is identified

4. Status update is sent to DigAlert
Notes:
• Not all Confirm status changes will trigger DigAlert updates—only those relevant to external stakeholders • Status mappings will be reviewed and approved by Customer during kickoff D. Document Uploads (Outbound)
When field personnel upload photos of utility markings to work orders in Confirm, these documents will be automatically synchronized to the corresponding DigAlert ticket.

Workflow:

1. Integration triggers when documents are uploaded to Confirm work order

2. System identifies matching DigAlert alert using ticket number

3. Documents (photos, attachments) are uploaded to DigAlert ticket 10

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Notes:
• All document types attached to work orders will be synchronized • Primary use case is photos of utility markings taken in the field • Documents will be associated with the correct DigAlert ticket number

3. Required from Customer
A. Prior to Kick-off:

1. DigAlert API Access
• Request and provide API token or webhook access from DigAlert • Makini will provide exact text/template to send to DigAlert support • If DigAlert requires technical discussion, Makini will join coordination call • Current Status: Customer currently receives DigAlert notifications via email only; API access must be established
• Alternative: JSON webhook delivery via email (must be requested from DigAlert)

2. Confirm Configuration Decisions
• Finalize whether marking completion statuses will be configured as custom attributes or status fields in Confirm
• Complete Confirm build including all required fields for integration

3. Access Credentials
• Provide Confirm production environment access (API credentials, user account) • Provide DigAlert API credentials once obtained

4. Project Stakeholder Confirmation
• Project Head: Steve Bohlson (single point of contact) • Project Sponsor: Shelby Sifling (escalation contact)
B. Prior to First User Acceptance Testing (UAT) Session:

1. Confirm System Readiness
• Complete Confirm build with all required fields configured • Verify site configuration (single DigAlert site approach) • Configure Water department and any required sub-departments • Set up priority levels in Confirm

2. Mapping Validation
• Review and approve priority mappings (New, Resend, Emergency) • Review and approve attribute/status field mappings
• Review and approve department assignments

3. Test Data Preparation
• Identify sample DigAlert tickets for testing
• Prepare test scenarios covering all workflow paths
• Coordinate with DigAlert for test alert generation if possible

4. Resource Availability
• Designate team members for UAT participation
• Ensure field personnel (Joe Macias and colleagues) are available for workflow validation 11

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• Schedule UAT sessions within April 13 - early May 2025 timeframe

5. Production Environment Acknowledgment
• Understand and accept that testing will occur in production environment (no sandbox available) • Review data cleanup procedures for any test records created • Establish protocols for minimizing impact on live operations during testing

4. Specific Instances Where Workflows Will Fail
A. Alert to Request Creation Failures:

1. Missing DigAlert API Access
• Integration cannot function without API token or webhook access from DigAlert • Mitigation: Complete API access request prior to kickoff

2. Address Matching Issues
• If address format from DigAlert cannot be parsed or matched to Confirm site • Mitigation: Using single site approach eliminates most matching issues

3. Missing Required Fields in DigAlert Alert
• If critical fields (address, priority, start date/time) are not populated in DigAlert alert • Mitigation: Validate DigAlert alert format during kickoff; implement error notifications

4. Confirm Site Not Configured
• If designated DigAlert site does not exist in Confirm • Mitigation: Ensure site is created during Confirm build phase

5. Department Not Found
• If Water department is not properly configured in Confirm • Mitigation: Validate department setup during kickoff
B. Outbound Update Failures:

1. Work Order Not Linked to DigAlert Ticket
• If work order was created manually in Confirm (not via integration), ticket number linkage will not exist • Updates cannot be sent back to DigAlert
• Mitigation: Ensure all DigAlert-related work orders are created via integration only

2. Invalid Attribute/Status Mappings
• If attribute or status value in Confirm does not have corresponding mapping to DigAlert • Mitigation: Comprehensive mapping table created and validated during kickoff

3. DigAlert API Connection Loss
• If DigAlert API becomes unavailable or credentials expire • Mitigation: Implement retry logic and error notifications; monitor API health

4. Document Upload Failures
• If document format is not supported by DigAlert
• If document size exceeds DigAlert limits
• Mitigation: Validate supported formats during kickoff; implement file size checks

5. Missing DigAlert Ticket Number
• If DigAlert ticket number is not properly stored or associated with Confirm work order • Mitigation: Ensure ticket number is captured as reference field during request creation 12

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C. General Integration Failures:

1. Network Connectivity Issues
• Loss of connection to either Confirm or DigAlert APIs • Mitigation: Implement retry logic and error logging

2. Rate Limiting
• Exceeding API rate limits on either system
• Mitigation: Implement throttling and queue management

3. Data Validation Errors
• Field value exceeds character limits
• Required fields missing from either system
• Mitigation: Comprehensive field validation before API calls Note: Customer will receive automated notifications if synchronization failures occur, including details on the specific failure reason and affected records.

5. Customization and Subcontractor Hours
Phase Description Hours
Scope Validation Review transcript, create SoW, validate workflow diagram and requirements 2
Kick-off Session
Validate mappings (priorities, attributes, statuses, departments), review Confirm configuration, finalize technical requirements, confirm DigAlert API access
1 Customization and Testing
Develop alert-to-request creation workflow, develop bidirectional attribute update sync, develop status update sync, develop document upload sync, configure mapping tables, implement error handling and notifications. Test all workflow paths, validate mappings, test error scenarios, verify document uploads
11 UAT session – test environment Note: No test environment available; included for completeness 1 UAT session - production Conduct UAT in production environment with Customer team, validate end-to-end workflows, address feedback and refinements1 Production deployment support Monitor initial production usage, address any immediate issues, provide handoff documentation 1
Total Estimated Hours: 17 hours
Notes:
• Customization hours account for bi-directional sync complexity and multiple outbound workflows.

Testing in production requires additional care and coordination (reflected in testing hours) • UAT timeline: Week of April 13, 2025 through first week of May 2025 • Production go-live target: May 18, 2025

6. Summary of Differences from Standard Workflow
A. New Workflows (Not in Standard Template)
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1. DigAlert Alert-to-Request Creation
o Custom integration with USA Dig Alert system (not a standard ERP/MES integration) o Specialized field mappings for utility marking workflows o Emergency priority handling with notification requirements

2. Bi-directional Work Order Attribute Updates
o Outbound sync of custom attribute fields from Confirm to DigAlert o Multiple marking completion statuses ("locate area marked", "existing markings adequate", etc.) o Attribute-based updates independent of status changes

3. Bi-directional Work Order Status Updates
o Status synchronization from Confirm back to DigAlert
o Custom status mapping table between systems
o Selective status updates (only relevant statuses trigger DigAlert updates)

4. Document Upload Synchronization
o Automatic sync of photos and documents from Confirm work orders to DigAlert tickets o Typically photos of utility markings taken by field personnel o Real-time document transfer to maintain compliance records

5. Single Site Mapping Approach
o Departure from standard street-name-based site matching o Uses single "DigAlert" site in Confirm to avoid address string matching issues o Address preserved as text field rather than site identifier B. Customizations (Modifications to Standard Approach)

1. Simplified Site Matching
o Standard: Match sites based on individual street names o Customization: Use single DigAlert site with address as string field o Reason: Avoid complications from address format variations and spelling inconsistencies

2. Department Pre-assignment
o Standard: Department determined by mapping logic or left unassigned o Customization: All requests pre-assigned to Water department by default o Reason: Customer's Water department is primary handler for DigAlert tickets; other departments (Sewer, Storm Drain, Irrigation) may be added in future phases

3. Production-Only Testing
o Standard: Test in sandbox environment before production deployment o Customization: Testing conducted directly in production with additional safeguards o Reason: No sandbox/test environment available for either Confirm or DigAlert

4. DigAlert API Access Method
o Standard: Direct API credentials provided by customer o Customization: API access must be requested from third-party provider (DigAlert); Makini to provide request template and coordinate with DigAlert if needed o Reason: Customer currently receives DigAlert notifications via email only; no existing API integration

5. Extended Mapping Requirements
o Standard: Basic field mappings (typically 5-10 fields) o Reason: Compliance and regulatory requirements for utility marking documentation o Customization: Multiple mapping tables required:
▪ Priority mappings (3 levels: New, Resend, Emergency)
▪ Attribute field mappings (10+ marking completion statuses) ▪ Status mappings (bidirectional between systems)
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▪ Department mapping (single department)

6. Real-time Compliance Notifications
o Standard: Standard work order notifications within CMMS o Customization: Emergency tickets require immediate notification (vs. 72-hour standard response) o Reason: Legal compliance requirements for emergency utility marking requests

Critical Success Factors

1. DigAlert API Access: Must be secured prior to kickoff to avoid project delays

2. Confirm Configuration: Attribute vs. status field decision must be finalized during build phase

3. Mapping Validation: All mapping tables must be reviewed and approved during kickoff

4. Timeline Coordination: Integration must be ready for UAT by April 13, 2025 (2-week development window from kickoff to UAT-ready state)
Questions or clarifications on any aspect of this integration scope should be directed to:
• Project Head: Steve Bohlson (primary contact)
• Project Sponsor: Shelby Sifling (escalation contact)
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Premier Customer Success Statement of Work
Summary:

Company will provide certain professional services to Customer for Enterprise Customer Success. These professional services include access to a dedicated Enterprise Customer Success Manager ("Enterprise CSM") who will serve as the primary Brightly point of contact for ongoing account engagement. The Enterprise CSM will work with a designated Customer point of contact ("Customer Contact") to help the Customer achieve desired business outcomes through one-on-one account status sessions and is responsible for internal oversight and coordination within the Brightly team.

In Scope:

The items below will be considered in scope of this SOW:

1. Enterprise Customer Success
Deliverables:
• Develop up to one annual Success Plan to outline the business objectives and a mutual action plan to achieve the objectives with defined milestones.
• Conduct Enterprise Account Reviews up to twice a year which include a wholistic view of the Customer account assessing key performance indicators and providing recommendations to Customer Contact for optimal and expanded performance of its applications.
• Hold one-on-one meetings between Customer Contact and Enterprise CSM up to two (2) hours per week via virtual conferencing tool. These meetings will be used to provide Customer Contact with account status updates, recommendations on best practices, and guidance to achieve desired business outcomes.

Acceptance Process:
• One annual success plan has been created and provided to Customer. • Enterprise account reviews have been completed (up to twice a year) and Enterprise Business Review Document has been provided to Customer.
• One-on-One meetings between Customer Contact and Enterprise CSM have been completed, as needed not to exceed two hours per week.

Assumptions:
• The Success Plan and Enterprise Account Reviews may be conducted virtually or onsite at the option of the Customer. Customer must request on-site option eight weeks in advance of on-site date in order to arrange travel accommodations. On-site travel expenses will be billed to the Customer at cost. • Customer's nonuse of any available services shall not result in any credits or refunds. • The Enterprise CSM will be introduced at time of offering activation. • The Enterprise CSM is not responsible for user training, technical support, or account configurations. • Enterprise Customer Success fees are subject to increase in proportion with Services subscription fees. • Any services not explicitly included in this SOW are assumed to be out of scope. 17

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Project Schedule:
• Weekly one-on-one meetings between Customer Contact and Enterprise CSM, up to two hours a week. • Enterprise Account Reviews to be delivered up to twice a year.

Invoicing:

Billing will occur on an annual basis in conjunction with Customer's annual renewal. If this service was purchased as an "add-on" service, billing will occur in advance of the services being delivered.

Premier Support Statement of Work
Summary:

Company will provide certain professional services to Customer for Enterprise level support. These professional services include direct access to a primary support resource during the applicable support term.

In Scope:

The items below will be considered in scope of this SOW:

1. Asset Essentials Enterprise Support
Deliverables:
• Direct access for one (1) designated Customer point of contact ("Customer Contact") to a Brightly support consultant ("Enterprise Support Consultant") during Brightly's normal business hours and subject to the schedule and timelines set forth herein. • One-on-one meetings between Customer Contact and Enterprise Support Consultant beginning after the completion of the implementation project, up to two (2) hours per month. These meetings will be used to provide advanced configuration assistance, to answer questions, and to provide case report updates to Customer Contact.
• Post-implementation one-on-one training sessions with Enterprise Support Consultant, up to two (2) hours per month for up to ten (10) attendees per session. • Enterprise Support Consultant's collaboration with Brightly teams to manage open issues reported by Customer, such as bugs and enhancement requests. Enterprise Support Consultant shall provide periodic updates to Customer Contact on outstanding issues as needed during the one-on-one meetings.
• Authenticated access to the Brightly Community which includes Discussion Forums, Support Case Portal, and Account Information.

Acceptance Process:
• One-on-one meetings between Customer Contact and Enterprise Support Consultant have been completed (up to two hours per month)
• Post-implementation training has been completed, up to two (2) hours per month for up to ten (10) attendees per session.

Assumptions:
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• The Enterprise Support Consultant will be introduced to the Customer Contact during project implementation or at the time of offering activation.
• Support services are limited to Asset Essentials
• All communications will flow through the project specific support channels. This will ensure assistance is received should the Enterprise Support Consultant be out of the office. • Support will be provided during Brightly's normal business hours. • Company services will be delivered virtually.
• The customer's nonuse of any available services shall not accrue to future months, result in any credits or refunds.
• Enterprise Support fees are subject to increase in proportion with Services subscription fees. • Any services not explicitly included in this SOW are assumed to be out of scope.

Project Schedule:
• Monthly one-on-one meetings between Customer Contact and Enterprise Support Consultant. • Monthly training sessions for up to ten (10) users delivered by Enterprise Support Consultant.

Invoicing:

Billing will occur annually in conjunction with Customer's annual renewal. If services outlined in this SOW are purchased as an "add-on" service, billing will occur in advance of the services being delivered. 19

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4242 Six Forks Road, Suite 1400 +919 816 8237 [email protected] Raleigh, NC 27609 +919 816 5927 www.brightlysoftware.com Custom Confirm Support Services
Scope of Work
This scope of work (SOW) is dated as of January 14, 2026, and is entered into and between Brightly Software, Inc. (Company) and City of Fountain Valley (Customer). The Company and Customer (Parties) are executing this SOW solely for the purpose of enabling and authorizing Company to provide professional services to Customer.

Summary:

Following the successful implementation of the Company’s Confirm Enterprise Asset Management (EAM) software, the Company will provide ongoing professional services to help the Customer optimize their use of Confirm. These services will support the Customer in development and maintenance of workflows and processes to achieve the best possible outcomes in Confirm.

In Scope:

Company will provide up to 48 hours annually of professional support services to assist the Customer in optimizing their use of the Confirm Enterprise Asset Management (EAM) software. Services will be delivered as requested by Customer and will include both Customer-facing activities (such as training and consultation) and non-Customerfacing activities (such as report development and configuration work). The scope covers:
• Training: Deliver targeted sessions to enhance user proficiency in Confirm. • Data Work: Assist with data validation and best practices to ensure accuracy and integrity. • Configuration & Settings Adjustments: Implement changes to system settings and workflows to align with operational needs.
• Custom Dashboards: Configure dashboards tailored to Customer’s reporting and visualization requirements.
• Custom Reports: Develop and deliver reports to support decision-making and performance tracking.

Assumptions:
• Customer has a valid Confirm software subscription
• Hours will be consumed in a minimum of one (1) hour increments (rounded up to the nearest hour) and consumed Monday-Friday, 8:00 AM – 5:00 PM Eastern Standard Time (EST). • For any of the following Confirm issues, Customer can contact the Company Support organization if a valid Confirm subscription exists and avoid consuming consulting hours. o User log in (user of Confirm is having challenges logging in) o Product (a failure of Confirm to perform properly in accordance with the documentation) o Outage (a period when the Confirm software cannot be accessed) • The Customer is responsible for initiating service requests and scheduling activities within the annual hour allocation.
• Unused hours do not roll over to subsequent terms
• Additional consulting hours can be purchased by following the change management process outlined below. Hours are sold in 4-hour increments.
• Custom reports and dashboards will be developed exclusively within the capabilities of the Confirm software platform.
• Custom reports will be delivered exclusively in CSV format and will be presented in a tabular (row and column) structure. Other formats (e.g., PDF) are not included in this scope. 20

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• Custom reports will display raw data fields as available in the system and will not include custom calculated fields or complex aggregations beyond standard reporting capabilities • As hours are close to being consumed, the Company consultant or project coordinator would provide a status update to the Customer. Alternatively, the Customer can contact the Company consultant or project coordinator to inquire about the balance of hours remaining. • Customer is responsible for contacting Company with consulting requests via Company’s community portal and can expect a response within 48 hours.
• For on-site activities requested by Customer, Company will bill Customer for actual travel and associated expenses incurred.
• Any services not explicitly included in this SOW are assumed to be out of scope and quoted separately.

For the avoidance of doubt the following services are not included:
• Confirm product or software developer or programmer services or feature enhancement requests to the product. This is defined as Company writing software code to enhance or change the functionality of the Confirm product.
• Confirm product integration or Application Programmable Interface (API) services. This is defined as any API call writing services to establish a connection between Confirm and any other software product the Customer may have.

Change Management:

Customer may request that the Company add services not in the specifications by submitting a written proposed change order to the Company. Submitted change requests will be reviewed for approval. Approved change orders will become part of the applicable SOW when executed by Parties, and the services described therein will become part of the services.

Reference https://www.brightlysoftware.com/terms document “Base Terms” and “Section 3 – Changes". 21

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Order terms

A COMPANY OR OTHER LEGAL ENTITY, THE INDIVIDUAL REPRESENTS THAT THEY HAVE THE AUTHORITY TO BIND SUCH

NOT HAVE SUCH AUTHORITY OR DOES NOT AGREE WITH THE TERMS AND CONDITIONS SET FORTH HEREIN, THE INDIVIDUAL MUST NOT ACCEPT THIS AGREEMENT AND MAY NOT USE THE OFFERINGS.

A. The "Effective Date" of the Agreement between Customer and Brightly Software, a Siemens Company ("Siemens") is the date Customer accepts this Order
B. Proposal expires in sixty (60) days.

H. Siemens shall invoice Customer and Customer agrees to pay Siemens the amount specified on this Order.

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C. The Offerings in this Order will not automatically renew. The Customer may renew for additional periods of no less than one year by written notice of Customer's intent to renew the subscription not less than forty-five (45) days prior to the expiration of the then-current Subscription Term.

D. During the Term, Siemens shall, as part of Customer's Subscription Fees provide telephone and email support ("Support Services") 24 hours/day, 7 days/week.

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developed through the use of the APIs unless (a) Customer is separately authorized to do so as a member of a Siemens partner program, or (b) Customer has purchased an Offering which include APIs that explicitly allows Customer to develop software for Customer's internal use or for resale under terms and conditions at least as protective as this Agreement. Customer may not otherwise modify, adapt, or merge the Offerings. Siemens has no obligations or liability for software developed by Customer using the APIs. Customer is prohibited from using unpublished APIs under any circumstances.

Managed Services
A. Billing frequency: Annual
B. First Managed Services invoice to be sent on or around 07/01/2026 C. Managed Services Offerings will be subject to the terms and conditions of the Services Supplemental Terms found at http://brightlysoftware.com/terms (http://brightlysoftware.com/terms) .

D. The Offerings in this Order will not automatically renew. The Customer may renew for additional periods of no less than one year by written notice of Customer's intent to renew the subscription not less than forty-five (45) days prior to the expiration of the then-current Subscription Term.

Professional Services:

A. Professional Services Offerings will be subject to the terms and conditions of the Services Supplemental Terms found at http://brightlysoftware.com/terms (http://brightlysoftware.com/terms).

B. Unless otherwise specified in an applicable Order: (i) Siemens will perform the Professional Services during workdays, Monday through Friday, up to 8 hours a day; (ii) any estimate of hours or costs are reasonable, good faith estimates only; and (iii) each task is performed as firm fixed price work or time and materials as described in this Order. Siemens is only obliged to supply Professional Services and/or Deliverables as expressly stated in this Order. Siemens shall not be obliged to supply any Professional Services and/or Deliverables without a valid Order.

C. Scheduling. Siemens requires at least 6 weeks advanced notice from the acceptance of an Order to schedule 25

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Professional Services delivery dates when travel is required. Onsite Professional Services shall be delivered consecutively in a single onsite visit unless the applicable Order includes the additional fees and incidental expenses associated with multiple visits.

D. Unused Professional Services. Unless otherwise specified in the Order, Siemens reserves the right to expire any unused Professional Services 6 months from the Effective Date set forth on the Order, and Customer will not be entitled to receive a refund for any fees prepaid for such expired Professional Services.

E. Customer Cooperation. Customer will cooperate reasonably and in good faith with Siemens in its performance of Professional Services by: (i) providing access to any necessary Customer Data, (ii) allocating sufficient resources and timely performing any tasks reasonably necessary to enable Siemens to perform its obligations under the Order, and (iii) actively participate in scheduled project meetings. Any delays in the performance of Professional Services or delivery of Deliverables caused by Customer may result in additional applicable charges for resource time.

F. Incidental Expenses. Customer will reimburse Siemens for travel and related business expenses incurred in connection with Professional Services. If an estimate of incidental expenses is included in the Order, Siemens will not exceed a 5% inflation of such estimate without the written consent of Customer.

Additional information
A. Prices shown above do not include any taxes that may apply. Any such taxes are the responsibility of Customer.

B. Billing frequency other than annual is subject to additional processing fees.

C. Provide Siemens with the purchase order number, if applicable. Acceptance of this Order without a purchase order number indicates that a purchase order is not necessary. Please reference Q-456994 on any applicable purchase order and email to [email protected] (mailto:[email protected])
D. Brightly Software, Inc. can provide evidence of insurance upon request. 26

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Signature
Presented to:

City Of Fountain Valley - Q-456994
December 19, 2025, 10:37:31 AM
Accepted by:

Printed Name
Signed Name
Title
Date
27

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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: February 17, 2026
Members of the City Council
SUBJECT: Second Reading and Adoption of an Ordinance Revising Fountain Valley Municipal Code Section 2.04.200 Regarding the Selection of Mayor and Mayor Pro Tempore

EXECUTIVE SUMMARY
At its meeting on February 3, 2026, the City Council introduced for first reading an Ordinance Revising Fountain Valley Municipal Code Section 2.04.200 Regarding the Selection of Mayor and Mayor Pro Tempore. The Ordinance was approved during the first reading without amendment except for the replacement of “his or her” with “the councilmember’s.”
The Ordinance, with said revision, is now presented to the City Council for second reading and adoption.

RECOMMENDED ACTION
Staff recommends that the City Council adopt the attached Ordinance.

ENVIRONMENTAL ANALYSIS
This Ordinance is not subject to review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines sections 15061(b)(3) (there is no possibility the activity in question may have a significant effect on the environment).

ATTORNEY REVIEW:

The Attorney for the City has reviewed and approved the Ordinance.

PUBLIC NOTIFICATION
This item was properly agendized under the Ralph M. Brown Act.

ALTERNATIVES

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City Council Request
Second Reading of an Ordinance Revising Fountain Valley Municipal Code Section

2.04.200 Regarding the Selection of Mayor and Mayor Pro Tempore February 17, 2026

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1. Adopt the attached Ordinance Revising Fountain Valley Municipal Code Section

2.04.200 Regarding the Selection of Mayor and Mayor Pro Tempore.

2. Do not adopt the attached Ordinance.

3. Continue the item for further consideration.

RECOMMENDED ACTION
Staff recommends the City Council adopt the attached Ordinance Revising Fountain Valley Municipal Code Section 2.04.200 Regarding the Selection of Mayor and Mayor Pro Tempore.

Prepared by: Colin Burns, Attorney for the City
Approved By: Maggie Le, City Manager
Attachment No 1: Ordinance Revising Fountain Valley Municipal Code Section

2.04.200 Regarding the Selection of Mayor and Mayor Pro Tempore

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ORDINANCE NO. _____

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY

OF FOUNTAIN VALLEY REVISING FOUNTAIN VALLEY
MUNICIPAL CODE SECTION 2.04.200 REGARDING THE

SELECTION OF MAYOR AND MAYOR PRO TEMPORE
WHEREAS, Government Code Section 36801 provides that the City Council shall select its Mayor and Mayor Pro Tempore; and WHEREAS, the City Council previously established a selection process at Fountain Valley Municipal Code Section 2.04.200 for Mayor and Mayor Pro Tempore (called “Vice Mayor”, per Council policy); and
WHEREAS, ambiguity has arisen in how to interpret Section 2.04.200; and
WHEREAS, the City Council directed staff to revise Section 2.04.200 to clarify said ambiguity and more clearly set forth the order of the City Council’s recommended rotation for Mayor and Mayor Pro Tempore.

NOW, THEREFORE, the City Council of the City of Fountain Valley does hereby ORDAIN:

Section 1. That Section 2.04.200 is hereby amended to read as follows:
§ 2.04.200 Term and selection—Mayor and mayor pro tempore. (a) As soon as practical, following the certification of the city council election results after the November general municipal election, the city council shall make its selections of mayor and mayor pro tempore. In the nonelection years, the selection of mayor and mayor pro tempore shall be made at the city council meeting date closest to the anniversary date of the selections in the election years.
(b) The offices of mayor and mayor pro tempore shall have oneyear terms and should be filled in accordance with the following rotation procedure:
(1) The councilmember who has the longest consecutive
council service since the councilmember’s last service as mayor should become the mayor.
(2) In the event that two councilmembers have the same
length of service as described in subsection (b)(1) of this

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section, the one having received the greatest number of votes in the last councilmember's election should become mayor. If any person declines his or her term as it comes by in rotation, that person should remain in the same place in the rotation cycle as if he or she had served.
(3) Notwithstanding the rotation provided for in this section, the selection of the mayor and mayor pro tempore shall
ultimately be at the discretion of the city council, which shall make its selection with at least four councilmembers present.

Selection shall be made by a nomination from a
councilmember, seconded by another councilmember, after which a vote is taken by the city council. This procedure shall be repeated until at least three votes have been given to one nominee. The city council, by vote with at least four members present, may remove a person from the office of mayor or mayor pro tempore at any time for any reason.
(c) In the event of a vacancy in the office of mayor, the mayor pro tempore shall assume all of the duties of the mayor until a mayor is selected by the city council to serve the balance of the term of the vacated incumbent. The city council shall be free to appoint any councilmember for the balance of that term, but upon the conclusion of that term the rotational selection process should again be employed in the same order as if the vacated incumbent had served a full term.
(d) The selection of mayor pro tempore shall be in accordance with the same criteria as provided above, with the exception that the mayor pro tempore should be the person with the next greatest qualifications.

Section 2. If any section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid or unconstitutional by a decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of the ordinance. The city council declares that it would have passed this ordinance and each and every section, subsection, sentence, clause or phrase not declared invalid or unconstitutional without regard to whether any portion of the ordinance would be subsequently declared invalid or unconstitutional.

Section 3. The City Clerk shall certify to the adoption of this Ordinance and cause it to be published as required by law.

PASSED and ADOPTED this 17th day of, February, 2026.

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ATTEST:
___________________________ ___________________________ City Clerk Mayor
APPROVED AS TO FORM:
___________________________
Attorney for the City

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CITY OF FOUNTAIN VALLEY

CITY COUNCIL

COUNCIL ACTION REQUEST
To: Honorable Mayor and Agenda Date: February 17, 2026
Members of the City Council
SUBJECT: Accept the MKN & Associates Fee Proposal in the Amount of $299,372 for the Design of the Bushard Street and Slater Avenue Waterline Replacement Project.

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 recommends that the City Council accept the MKN & Associates fee proposal in the amount of $299,372 for the design of the Bushard Street and Slater Avenue Waterline Replacement Project (Project) and authorize staff to issue a Purchase Order to encumber the On-Call contract.

The pipeline condition assessment has identified water mainlines on Bushard Street and Slater Avenue that are beginning to approach the end of their estimated useful service life. City staff received proposals from the On-Call consultant list for utility design services. MKN & Associates (MKN) submitted a fee proposal in the amount of $299,372, for the design of the Bushard Street and Slater Avenue Waterline Replacement Project. MKN will prepare “turnkey” biddable design plans and specifications for the replacement of water mainline segments within Bushard Street and Slater Avenue. This project is funded by the Water Utility Fund (Water Fund). The design of this project is anticipated to begin in Spring 2026 and be completed in Fall of 2026.

DISCUSSION
The City provides award-winning, clean, safe water to its residents, businesses, and visitors.

The City owns and operates two 5-million-gallon reservoirs, six groundwater wells, 202 miles of waterline distribution piping, and 17,131 waterline service connections. The City routinely assesses its water distribution network, stewards their resources, and devises a cost-effective and efficient strategy to rehabilitate and replace its aging water infrastructure.

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MKN & Associates – Bushard Street and Slater Avenue Waterline Replacement Project February 17, 2026

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Many of the City’s water pipelines have been in service for over 55 years and are beginning to approach the end of their estimated useful service life. As pipelines continue to age, they begin to pose a higher potential for failure that can result in costly repairs, including damage to property.

Beginning in 2016, the City performed a comprehensive pipeline condition assessment on critical components of the City’s waterline network. The purpose of this assessment is to determine the condition of the tested water mainlines, investigate the system for the existence of any potential leaks, and determine the need for any immediate and/or long-term rehabilitation and replacement of the tested mainlines. Through this robust pipeline condition assessment, it is recommended that water mainlines on Bushard Street and Slater Avenue be replaced as part of this Waterline Replacement Project.

This Project will consist of replacing an existing 8-inch asbestos cement (AC) pipe, an existing 8-inch and 12-inch mortar lined coated steel (MLCS) pipe with approximately 4,200 feet of polyvinyl chloride (PVC) pipe, including about 350 lineal feet of 20-inch steel casing, crossing under the I-405 Freeway at Slater Avenue. The Project will also include installing roughly 522 lineal feet of liner in existing waterlines. The replacement segments identified in Bushard Street and Slater Avenue are critical to maintaining a highly functioning water distribution pipeline network. The design of this project is anticipated to begin in Spring 2026 and be completed in Fall 2026.

PROCUREMENT
City staff received proposals from the On-Call consultant list for utility design services. MKN & Associates (MKN) submitted a fee proposal in the amount of $299,372, for the design of the Bushard Street and Slater Avenue Waterline Replacement Project. MKN will prepare “turnkey” biddable design plans and specifications for the replacement of deteriorating water pipeline segments within Bushard Street and Slater Avenue.

MKN & Associates is a well-known civil engineering firm that specializes in water resources.

The firm is currently providing professional services to the City of Fountain Valley for the 2026 Water Master Plan and Water Rate Study. As MKN & Associates is a reliable and reputable engineering firm who is familiar with the City’s water network infrastructure, City staff is requesting City Council to approve MKN & Associates’ proposal, in the amount of $299,372, and authorize staff to issue a Purchase Order to MKN.

FISCAL REVIEW
FY25/26 Project Budget for the Design of the Bushard Street and Slater Avenue Waterline Replacement (Water Fund)
Account # 500.50.95001.55542 $200,000.00
MKN & Associates Proposal Amount $299,372.00
Staff Time $30,000.00

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Fountain Valley City CouncilFebruary 17, 2026

Fountain Valley City Council
February 17, 2026