Agenda packet — Gardena City Council, May 26, 2026 (part 1 of 3)

GARDENA CITY

COUNCIL
Regular Meeting Notice and Agenda
Council Chamber at City Hall
1700 West 162nd Street, Gardena, California
Website: www.cityofgardena.org

Tuesday, May 26, 2026
Closed Session 7:00 p.m.

Open Session 7:30 p.m.

TASHA CERDA, Mayor
MARK E. HENDERSON, Mayor Pro Tem
RODNEY G. TANAKA, Council Member
PAULETTE C. FRANCIS, Council Member
WANDA LOVE, Council Member
MINA SEMENZA, City Clerk
GUY H. MATO, City Treasurer
CLINT OSORIO, City Manager
CARMEN VASQUEZ, City Attorney
LISA KRANITZ, Assistant City Attorney
IVY TSAI, Assistant City Attorney
If you would like to participate in this meeting, you can participate via the following options:

1. VIEW THE MEETING live on SPECTRUM CHANNEL 22 or ONLINE at youtube.com/CityofGardena

2. PARTICIPATE BEFORE THE MEETING by emailing the Deputy City Clerk at [email protected] by 5:00p.m. on the day of the meeting and write "Public Comment" in the subject line. Written public comments will be provided to the City Council and will be part of the record but will not be read aloud.

3. ATTEND THE MEETING IN PERSON
PUBLIC COMMENT: The City Council will hear from the public on any item on the agenda or any item of interest that is not on the agenda at the following times:

Agenda Items - At the time the City Council considers the item or during Oral Communications Non-agenda Items - During Oral Communications
Public Hearings - At the time of the Public Hearings listed on the Agenda If you wish to address the Council, please complete a “Speaker Request” form and present it to the City Clerk or Sergeant of Arms. You will be called to the podium by name when it is your turn to address the Council.

The City Council cannot legally take action on any item not scheduled on the Agenda. Such items may be referred for administrative action or scheduled on a future Agenda. Members of the public wishing to address the City Council will be given three (3) minutes to speak.

4. The City of Gardena, in complying with the Americans with Disabilities Act (ADA), requests individuals who require special accommodations to access, attend and/or participate in the City meeting due to disability, to please contact the City Clerk's Office by phone (310) 217-9565 or email [email protected] at least 24 business hours prior to the scheduled general meeting to ensure assistance is provided. Assistive listening devices are available.

STANDARDS OF BEHAVIOR THAT PROMOTE CIVILITY AT ALL PUBLIC MEETINGS Treat everyone courteously;
Listen to others respectfully;
Exercise self-control;
Give open-minded consideration to all viewpoints;
Focus on the issues and avoid personalizing debate; and Embrace respectful disagreement and dissent as democratic rights, inherent components of an inclusive public process, and tools for forging sound decisions
Thank you for your attendance and cooperation

1. ROLL CALL

2. PUBLIC COMMENT ON CLOSED SESSION

3. CLOSED SESSION

3.A. CONFERENCE WITH LEGAL COUNSEL- ANTICIPATED LITIGATION Significant exposure to litigation, pursuant to subdivision (d)(2) of Government Code Section 54956.9 One Potential Case

RETURN FROM CLOSED SESSION ROLL CALL

CITY ATTORNEY REPORT OUT OF CLOSED SESSION

4. PLEDGE OF ALLEGIANCE
Gardena Elementary
Nicole Banuelos and Amara Cazares

5. INVOCATION
Pastor Stanley A. White
Mount Tabor Missionary Baptist Church

6. PRESENTATIONS

6.A. Resolution of Commendation to Officer Laurent Hentges of the Gardena Police Department in Acknowledgement of Receiving the 2026 Sustained Superiority Award from the South Bay Police and Fire Memorial Foundation at the 50th Annual Medal of Valor Awards Ceremony on May 21, 2026

6.B. Certificate of Commendation in Special Recognition of Retirement with the City of Gardena for Brian Tanaka- Human Services Coordinator - 7 years of service

6.C. Boards & Commissions Presentation - Senior Citizen Commission

6.D. Gardena Events Video Presentation

7. PROCLAMATIONS

8. APPOINTMENTS
Council Appointments to Commissions, Committees, Councils and Boards (Appointees to be Ratified and Sworn In)

9. PUBLIC COMMENT ON CONSENT CALENDAR

10. CONSENT CALENDAR
NOTICE TO THE PUBLIC- Roll Call Vote Required On The Consent Calendar All matters listed under the Consent Calendar will be enacted by one motion unless a Council Member requests Council discussion, in which case that item will be removed from the Consent Calendar and considered separately following this portion of the agenda.

10.A. Waiver of Reading in Full of All Ordinances Listed on this Agenda and that they be Read by Title Only
CONTACT: CITY CLERK

10.B. Approval of Minutes - Regular Meeting of the City Council, May 12, 2026 CONTACT: CITY CLERK

10.C. Personnel Report P-2026-9 05-26-26
CONTACT: ADMINISTRATIVE SERVICES

10.D. Approval of Warrants/Payroll Register, May 26, 2026 CONTACT: ADMINISTRATIVE SERVICES

10.E. Monthly Investment Report, April 2026
CONTACT: ADMINISTRATIVE SERVICES

10.F. Authorize South Bay Workforce Investment Board, Inc. Paid Work Experience Program Worksite Agency Agreement No. 25-W423, for a period through October 31, 2027.

CONTACT: ADMINISTRATIVE SERVICES

10.G. Acceptance and Notice of Completion for the Rowley Park Basketball Rehabilitation Project (Phase 2), JN 530
CONTACT: PUBLIC WORKS

10.H. Adopt Resolution No. 6736 Authorizing the City Manager to Execute an Agreement for the Supportive Services Program
CONTACT: RECREATION AND HUMAN SERVICES

10.I. Adopt Resolution No. 6737 Authorizing the City Manager to Execute an Agreement for the Elderly Nutrition Program
CONTACT: RECREATION AND HUMAN SERVICES

11. PLANNING & ENVIRONMENTAL QUALITY COMMISSION ACTION SHEET

11.A. CONDITIONAL USE PERMIT #1-26 AND ENVIRONMENTAL ASSESSMENT #1-26 TO ALLOW VEHICLE STORAGE FACILITIES WITHIN THE GENERAL INDUSTRIAL (M-2) ZONE AT 13625-13629 ALMA AVENUE (APN: 6102-015-027)
On May 19, 2026, the Planning and Environmental Quality Commission reviewed a request from Liliger Damaso & Rob De La Torre, representing Wanderwell Society South Bay, LLC., to allow the operation of a private vehicle storage facility within an existing industrial building totaling 11,970 square feet.

Commission Action: The Planning and Environmental Quality Commission adopted Resolution No. PC 7-26 approving Conditional Use Permit #1-26 and Environmental Assessment #1-26 and finding that the project is categorically exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15301 (Class 1 - Existing Facilities), by a vote of 4-0, with one commissioner absent.

City Council Action: Receive and file; OR call for review (by way of two votes from the City Council).

11.B. CONDITIONAL USE PERMIT #4-26 AND ENVIRONMENTAL ASSESSMENT #4-26 TO ALLOW THE SALES OF BEER AND WINE FOR OFF-SITE CONSUMPTION FOR SPROUTS AT 15505 SOUTH NORMANDIE AVENUE (APN: 6105-008-039)
On May 19, 2026, the Planning and Environmental Quality Commission reviewed a request from Terri Dickerhoff, representing Spouts Farmers Market, to approve Conditional Use Permit (CUP) #4-26 and Environmental Assessment (EA) #4-26 to allow the sales of beer and wine for off-site consumption in a new retail store within an existing tenant space.

Commission Action: The Planning and Environmental Quality Commission adopted Resolution No. PC 6-26 approving Conditional Use Permit #4-26 and Environmental Assessment #4-26 and finding that the project is categorically exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15301 (Class 1 - Existing Facilities), by a vote of 4-0, with one commissioner absent.

City Council Action: Receive and file OR call for review (by way of two votes from the City Council).

11.C. FIRST EXTENSION OF TIME REQUEST FOR CONDITIONAL USE PERMIT #5-24 ALLOWING THE OPERATION OF WAREHOUSING FACILITIES AT 1855 WEST 139TH STREET (APN: 4061-025-130) On May 19, 2026, the Planning and Environmental Quality Commission reviewed the first extension of time request for Conditional Use Permit (CUP) #5-24, for the operation of warehousing facilities in the General Industrial (M-2) zone submitted by Charles Hobey of Zelda PG PropCo LLC, due to new property ownership.

Commission Action: The Planning and Environmental Quality Commission approved the first extension request for Conditional Use Permit #5-24, extending the entitlement expiration to January 15, 2027, by a vote of 4-0, with one commissioner absent.

City Council Action: No action needed.

12. ORAL COMMUNICATIONS (LIMITED TO A 30-MINUTES PERIOD) Oral Communications by the public will be heard for one-half hour during the oral communication segment of the agenda. Any additional speakers will be allowed to speak at the end of the meeting after Council Remarks.

Speakers are limited to three minutes, unless otherwise stated by the Mayor. The timer will be displayed on the screen. Your cooperation is appreciated.

12.A. Public Comment

13. DEPARTMENTAL ITEMS - ADMINISTRATIVE SERVICES

13.A. Presentation of the City of Gardena's Proposed Biennial Budget for Fiscal Year 2026-2027 and Fiscal Year 2027-2028
Staff Recommendation: Receive and File

13.B. Approval of the 2025-2029 Memorandum of Understanding (MOU) between the City of Gardena and the Gardena Municipal Employees Association (GMEA), and Approval of the Classification and Compensation Schedule, Effective July 6, 2025.

Staff Recommendation: Approve and Adopt the 2025-2029 GMEA MOU, and the Classification and Compensation Schedule Eff. July 6, 2025

14. DEPARTMENTAL ITEMS - COMMUNITY DEVELOPMENT

15. DEPARTMENTAL ITEMS - ELECTED & CITY MANAGER'S OFFICES

16. DEPARTMENTAL ITEMS - POLICE

17. DEPARTMENTAL ITEMS - PUBLIC WORKS

18. DEPARTMENTAL ITEMS - RECREATION & HUMAN SERVICES

18.A. Authorize Purchase of MAX169 16'x9' Mobile LED Screen for City Events in the Amount of $118,928.39 from Musco Sports Lighting.

Staff Recommendation: Authorize Purchase

19. DEPARTMENTAL ITEMS - TRANSPORTATION

20. COUNCIL ITEMS

21. COUNCIL DIRECTIVES

22. CITY MANAGER REMARKS RE: DIRECTIVES / COUNCIL ITEMS

23. COUNCIL REMARKS

1. COUNCIL MEMBER FRANCIS

2. MAYOR PRO TEM HENDERSON

3. COUNCIL MEMBER TANAKA

4. MAYOR CERDA

5. COUNCIL MEMBER LOVE

24. ANNOUNCEMENT(S)

25. REMEMBERANCES
Mrs. Nicole Lauren Kornoff, 42 years old, beloved granddaughter of Rev. John E. Ward, Senior Pastor of First Southern Baptist Church of Gardena, and Mrs. Nancy L. Ward, former Executive Office Assistant with the City of Gardena who retired in December 2021 after 33 1/2 years of service.

Mr. Darrell E. Goss, 65 years of age, longtime Gardena resident.

26. ADJOURNMENT
The Gardena City Council will adjourn to the Closed Session portion of the City Council Meeting at 7:00pm followed by the Regular City Council Meeting at 7:30pm on Tuesday, June 9, 2026.

I hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was posted in the City Hall lobby not less than 72 hours prior to the meeting. A copy of said Agenda is available on our website at www.CityofGardena.org.
/s/ MINA SEMENZA
MINA SEMENZA, City Clerk
Date Posted: May 22, 2026

MINUTES
Regular Meeting Notice
Gardena City Council
Tuesday, May 12, 2026

The Regular Meeting Notice and Agenda of the Gardena City Council of the City of Gardena, California was called toorder at 7:01 p.m. on May 12, 2026, in the Council Chamber at City Hall 1700 West 162nd Street, Gardena, California,Mayor Tasha Cerda presiding.

1. ROLL CALL

Present: Mayor Tasha Cerda; Mayor Pro Tem Mark E. Henderson; Council Member Rodney G. Tanaka; Council Member Paulette C. Francis; and Council Member Wanda Love. Other City Officials and Employees present: City Manager Clint Osorio; City Attorney Carmen Vasquez; City Clerk Mina Semenza; Deputy City Clerk Becky Romero; and Records Management Coordinator Katherine Rhee. City Treasurer Guy Mato was not present.

2. PUBLIC COMMENT ON CLOSED SESSION
None.

3. CLOSED SESSION

3.A. CONFERENCE WITH LEGAL COUNSEL- ANTICIPATED LITIGATION Significant exposure to litigation, pursuant to subdivision (d)(2) of Government Code Section 54956.9 One Potential Case

RETURN FROM CLOSED SESSION ROLL CALL
City Clerk Semenza called roll at 7:40 p.m. after Council returned from Closed Session and reported that all Members of the Council were present.

CITY ATTORNEY REPORT OUT OF CLOSED SESSION
When Mayor Cerda asked City Attorney Vasquez if there was anything to report out of Closed Session, City Attorney Vasquez reported that all Members of the Council were present and the Council met with regards to Item 3.A, but no reportable action was taken.

4. PLEDGE OF ALLEGIANCE
Zoe Herrera and Amarah Woods, both in the 6th grade, attend 156th Street Elementary School. Zoe's hobbies include:
dancing, volleyball and jump roping. Her favorite subjects are Art and English Language Arts. She is super kind and friendly and always keeps her promises and commitments. When Zoe grows up, she wants to be an actress. Amarah's hobbies include: volleyball, dancing and cheer. Her favorite subject is Art. When Amarah grows up she wants to be an ultrasound technician, nurse, nail tech or a hair stylist.

5. INVOCATION
Pastor Ataru Nakagawa, of Gardena Japanese-American Seventh-day Adventist Church, led the Invocation.

6. PRESENTATIONS

6.A. Gardena Events Video Presentation
The video presentation highlighted the Recreation and Human Services Department's current and future events.

7. PROCLAMATIONS

7.A. "Older Americans Month" - May 2026 (to be proclaimed only) Older Americans Month was proclaimed only.

7.B. Asian American Native Hawaiian Pacific Islander Heritage Month - May 2026 (to be proclaimed only) Asian American Native Hawaiian Pacific Islander Heritage Month was proclaimed only.

7.C. Public Works Week - May 17-23, 2026
Public Works Interim Director Kevin Kwak accepted the Certificate. He thanked the Council for the recognition and their support and also thanked the Public Works staff for an outstanding year. Appropriate photos were taken.

8. APPOINTMENTS
There were no appointments.

9. PUBLIC COMMENT ON CONSENT CALENDAR
There were no public comments.

10. CONSENT CALENDAR

10.A. Waiver of Reading in Full of All Ordinances Listed on this Agenda and that they be Read by Title Only CONTACT: CITY CLERK

10.B. Approval of Minutes - Regular Meeting of the City Council, April 28, 2026 CONTACT: CITY CLERK

10.C. Approval of Minutes - Study Session of the City Council, May 6, 2026 CONTACT: CITY CLERK

10.D. Receive and File Minutes - Regular Meeting of the Planning and Environmental Quality Commission, April 7, 2026
CONTACT: COMMUNITY DEVELOPMENT

10.E. Approval of Warrants/Payroll Register, May 12, 2026 CONTACT: ADMINISTRATIVE SERVICES

10.F. Personnel Report P-2026-8 05-12-26
CONTACT: ADMINISTRATIVE SERVICES

10.G. Annual Lobbyist Report 2026
CONTACT: CITY CLERK
It was moved by Council Member Tanaka and seconded by Council Member Francis to Approve the Consent Calendar items. The motion passed by a vote of 5-0 (Yea: Tanaka, Francis, Cerda, Henderson, and Love).

11. PLANNING & ENVIRONMENTAL QUALITY COMMISSION ACTION SHEET

11.A. May 5, 2026 MEETING ITEM 6.A

6.A. ENVIRONMENTAL ASSESSMENT #19-24, SITE PLAN REVIEW #4-24, AND TENTATIVE PARCEL MAP #2-24; The Planning and Environmental Quality Commission reviewed a request to approve Environmental Assessment (EA #19-24), Site Plan Review (SPR #4-24), and Tentative Parcel Map (TPM #2-24; Tentative Parcel Map No. 85142) to allow the construction of four (4) three-story condominium units in the Medium Density Multi-Family Residential (R-3) zone portion of a split zoned R-3 and Single-Family Residential (R-1).

Environmental Consideration: The proposed project is being considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15303(b) (Class 3 - New Construction or Conversion of Small Structures), in that it consists of the construction and location of limited numbers of new, small facilities or structures.

APPLICANT: Steve Stepakis
LOCATION: 1031 Magnolia Avenue, APN (6113-035-015).

Commission Action: The Planning and Environmental Quality Commission continued the public hearing for Environmental Assessment #19-24, Site Plan Review #4-24, and Tentative Parcel Map #2-24, to a date certain of July 7, 2026, by vote of 4-0, with one commissioner recusing their vote.

City Council Action: No City Council action required.

No City Council action was required.

11.B. May 5, 2026 MEETING ITEM 6.B

6.B. ZONE TEXT AMENDMENT #1-26
The Planning and Environmental Quality Commission reviewed a recommendation to amend Chapter 18.13 of the Gardena Municipal Code relating to Accessory Dwelling Units (ADUs) and Junior Accessory Dwelling Units (JADUs).

Environmental Consideration: The Zone Text Amendment and Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to Public Resources Code Section 21080.17 which exempts ordinances implementing accessory dwelling unit ordinances.

LOCATION: City Wide
Commission Action: The Planning and Environmental Quality Commission adopted Resolution No. PC 5-26, by vote of 5-0, recommending that the City Council adopt an Ordinance for Zone Text Amendment #1-26.

City Council Action: No City Council action required. Zone Text Amendment #1-26 will be reviewed and considered by the City Council at a future City Council meeting.

No City Council action was required.

12. ORAL COMMUNICATIONS (LIMITED TO A 30-MINUTES PERIOD)

12.A. PUBLIC COMMENTS
1) Andrea Simental, Community Library Manager of the Mayme Dear Library, came to give updates regarding the Mayme Dear and the Masao W. Satow Libraries;
2) Paul Randall, Director of Mama Rosa's Food Pantry, came out to address Council regarding comments made at the last Council Meeting and provide requested clarification and paperwork for Mama Rosa's Food Pantry; 3) Jason Gibson, resident, came out to share his concerns regarding ongoing issues with AT&T and lack of cable service; 4) Cecil Davis, resident, came out to speak on Agenda Item 11A, he suggested an environmental report be done and shared concerns of parking, speeding, and potential hazards for fire and police personnel.

13. DEPARTMENTAL ITEMS - ADMINISTRATIVE SERVICES
No Items.

14. DEPARTMENTAL ITEMS - COMMUNITY DEVELOPMENT

14.A. PUBLIC HEARING: Citizen Participation Plan (CPP), 2026-2030 Consolidated Plan, and 2026-2027 Action Plan to Guide the Investment of Federal Community Development Block Grant (CDBG) Program Funds City Manager Osorio presented the Staff Report.

Mayor Cerda opened the Public Hearing at 8:18 p.m and asked if anyone had asked to speak on this item and if the Council had any questions or comments, there were no public speakers and no comments from Council. Mayor Cerda then closed the Public Hearing at 8:18 p.m.

A motion was made by Council Member Tanaka and seconded by Mayor Pro Tem Henderson to Approve the Draft Citizen Participation Plan (CPP), 2026-2030 Consolidated Plan, and 52nd Year Community Development Block Grant Program (CDBG) for Fiscal Year 2026-2027, authorize the City Manager to execute and submit all required certifications and related documents and agreements to implement the One-Year Action Plan (FY 2026-2027) in compliance with U.S. Department of Housing and Urban Development (HUD) regulations. The motion passed by a vote of 5-0 (Yea: Tanaka, Henderson, Cerda, Francis, and Love).

15. DEPARTMENTAL ITEMS - ELECTED & CITY MANAGER'S OFFICES No Items.

16. DEPARTMENTAL ITEMS - POLICE
No Items.

17. DEPARTMENTAL ITEMS - PUBLIC WORKS

17.A. PUBLIC HEARING: RESOLUTION NO. 6726, Confirming the Diagram and Assessment contained in the Engineer's Report Dated April 2, 2026, for the Gardena Artesia Boulevard Landscaping Assessment District and Ordering the Levy of Assessments on the Same for Fiscal Year 2026-2027 City Manager Osorio presented the Staff Report.

Mayor Cerda opened the Public Hearing at 8:20 p.m. and asked if anyone had asked to speak on this item and if the Council had any questions or comments, there were no public speakers.

Questions and comments were made by Council Member Francis. City Manager Osorio answered all questions. Mayor Cerda then closed the Public Hearing at 8:22 p.m.

A motion was made by Council Member Francis and seconded by Mayor Pro Tem Henderson to Adopt Resolution No. 6726. The motion passed by a vote of 5-0 (Yea: Francis, Henderson, Cerda, Tanaka and Love).

17.B. PUBLIC HEARING: RESOLUTION NO. 6727, Confirming the Diagram and Assessment contained in the Engineer's Report Dated April 2, 2026, for the Gardena Consolidated Street Lighting Assessment District and Ordering the Levy of Assessments on the Same Fiscal Year 2026-2027 City Manager Osorio presented the Staff Report.

Mayor Cerda opened the Public Hearing at 8:24 p.m. and asked if anyone had asked to speak on this item and if the Council had any questions or comments, there were no public speakers.

Questions and comments were made by Council Member Love. City Manager Osorio answered all questions. Mayor Cerda then closed the Public Hearing at 8:25 p.m.

A motion was made by Mayor Pro Tem Henderson and seconded by Council Member Tanaka to Adopt Resolution No. 6727. The motion passed by a vote of 5-0 (Yea: Henderson, Tanaka, Cerda, and Francis and Love).

17.C. Award Construction Contract for the Various Streets Rehabilitation Project, JN 526 & 548 to Hardy and Harper Inc. in the amount of $2,125,000.00. Additionally Award Construction Management and Inspection Services to Transtech Engineers Inc. in the amount of $149,640.00, and the Material Testing Services to Terracon Consultants Inc. in the amount of $10,295.00. Approve the Project Plans & Specifications, 15% Project Contingency of $318,750.00, and Declare California Environmental Quality Act (CEQA) Exemption City Manager Osorio presented the Staff Report.

Mayor Cerda asked if anyone had asked to speak on this item and if the Council had any questions or comments.

There was one public speaker, Cecil Davis.

Questions and comments were made by Council Member Love and Mayor Cerda. Interim Director of Public Works Kevin Kwak answered all questions.

A motion was made by Council Member Love and seconded by Council Member Tanaka to Award the Construction Contract; Award Construction Management and Inspection Services; Award Material Testing Services; Approve the Project Plans & Specifications; Approve Project Contingency and Declare California Environmental Quality Act (CEQA) Exemption . The motion passed by a vote of 5-0 (Yea: Love, Tanaka, Cerda, Henderson and Love).

18. DEPARTMENTAL ITEMS - RECREATION & HUMAN SERVICES
No Items.

19. DEPARTMENTAL ITEMS - TRANSPORTATION
No Items.

20. COUNCIL ITEMS
No Items.

21. COUNCIL DIRECTIVES
Mayor Cerda
Subject: Move forward with our dog park, by putting it on our CIP list.

Purpose – To help residents, so they could have a place to take their dogs.

Reason – The community needs somewhere to take their dogs out for exercise.

Benefit – Most people have a dog and could benefit from it.

Council Member Tanaka seconded it.

22. CITY MANAGER REMARKS RE: DIRECTIVES / COUNCIL ITEMS City Manager Osorio stated a memorandum providing an update of the Gardena Boulevard Revitalization Plan was in the Council's packet.

23. COUNCIL REMARKS
1) MAYOR PRO TEM HENDERSON – He started with an apology to Mr. Paul Randall in regards to the remarks he made.

However, they still have not seen the grant to get a letter of support in order to try to get some collaboration going. Since the last meeting, he attended Candidate forums; the ABCs of City Finance; the PAC Fest; and the Bonsai Tree Exhibit. He participated in the Cinco de Mayo parade; and Youth and Government Day. He also attended the Boys to Men Conference; the SCAG General Assembly in Palm Desert; and he had an opportunity to work with the General Counsel of another city in regard to open government ethics. Also, at the SCAG meeting, he finished his term as a member of the Legislative and Management Committee. They serve a one-year term as a new president. Ray Marquez from Chino Hills, who is now the president of SCAG. He wished a Happy Mother's Day to all the mothers who celebrated Mother's Day. He thanked all the volunteers for all the events that they put on here in the community, as well as the staff who work 8 days a week, 366 days a year, 24 hours a day. He did his business and community visits. He thanked Mr. City Manager and Greg Tsujiuchi for providing that memo regarding the process of the revitalization of Gardena Boulevard. He attended with a few colleagues the EV chargers ribbon cutting; and a meeting regarding drone delivery of food, medical supplies, and medicine as it starts to come to the region.
2) COUNCIL MEMBER TANAKA – Since the last meeting, he attended and participated in the Hollypark Candidate forum and the Cinco de Mayo parade. He thanked the Medinas and their committee. He attended his West Basin Water quarterly meeting, which the City of Carson hosted; he attended the Study Session at Nakaoka Community Center. He thanked Mr.

City Manager and the Financial Department staff. He attended the Kiwanis Club Gardena Scholarship Awards Luncheon.

He thanked the Kiwanis Club for presenting him with the Distinguished Kiwanis Award for service. He attended and participated in the Boys to Men with Mayor Pro Tem Henderson. He attended the PAC Fest; the Bonsai Tree Exhibit; the COG's Transportation meeting; the COG's Steering Committee meeting; Coffee with a Cop; and the ribbon-cutting event for our first Electrical Vehicle Charging Stations over here in our parking lot next to the PD Department. Lastly, he hopes all the mothers had a great Mother's Day. It’s always a sad time because he lost his mom a few years ago, but then mentioned you look at your daughters and your granddaughters, and you look at other people with their moms and stuff, so you have to just be blessed that you had time. He hopes you all enjoyed Mother's Day. 3) COUNCIL MEMBER LOVE – Since the last Council meeting, she attended the Sounds and Bites event; the Candidates forum at Hollypark Association; the Cinco de Mayo parade; the Second Time Around Club, Mother's Day luncheon at Rowley Park; the Tire Recycling event hosted at Rowley Park; the City's Mother's Day event at Rowley Park; the PAC Fest event; the Bonsai Tree Exhibit; and the ABCs of Finance that was kind of informative, but she still didn't get her question answered.
4) MAYOR CERDA – Since the last Council meeting, she was asked to be a speaker at Keller Williams Real Estate in Torrance. She attended Youth and Government Day; the retirement ceremony for our Public Works Director, Allan Rigg; the Hollypark Homeowners Association Candidates Forum; a tour of Hawthorne Airport with the new electric plane. She also attended the Cinco de Mayo parade; the Second Time Around Club, Mother’s Day Luncheon; the memorial ride for our former Police Officer, Toshio Hirai; the Special Study Session with our Finance Department and the presentation from our City Manager; the Kiwanis Scholarship Luncheon; she observed the Boys to Men Workshop; she attended the Sounds and Bites Event; the City of Refuge Mother's Day Tea; the PAC Fest event; and she was a speaker at another Mother's Day event for Empowered Nutrition located here in Gardena. Then she spoke at City of Refuge for their Sunday Mother's Day service. She presented a Certificate to the Federal Credit Union in celebration of its 90th Anniversary. She also attended Coffee with a Cop; the EV chargers ribbon cutting; and the City Clerk's week event. 5) COUNCIL MEMBER FRANCIS – Since the last meeting, she attended the Hollypark Homeowners Association Candidates forum; the Study Session ABC's of Finance; the Dr. Martin Luther King Jr. Culture Committee meeting; the Greater Los Angeles Vector Control District meeting; the Cinco de Mayo parade; the ribbon cutting for the EV charging station; and the Sounds and Bites event on Gardena Boulevard. She also attended the Second Time Around Club Mother's Day Sip and Paint; the Bonsai Tree Exhibit; and the PAC Fest event. Lastly, she mentioned that if you're around Rowley Park on May 23rd, please stop by because the Dr. Martin King Jr. Culture Committee is having a rummage sale, it is a fundraiser, and it's going to benefit their scholarship program and their commemorative programs. She hopes everybody had a wonderful Mother's Day. As her mother would say, every day is Mother's Day.

24. ANNOUNCEMENT(S)
1) Kids to Park Day, Saturday, May 16, 2026 1st session from 10:00 a.m. to 12:30 p.m. at Bell Park, Thornburg Park, and Freeman Park, 2 session from 1:00 p.m. to 3:30 p.m. at Mas Fukai Park, Johnson Park, and Rowley Park; 2) World Cup 2026 Passport Destinations, from May thru July, Travel around to our City Events and Collect the stamps on your passport for a chance to win an amazing prize;
3) Gardena Job Fair, Thursday, May 19, 2026 from 9:00 a.m. to 1:00 p.m. at the Nakaoka Community Center; 4) Willows Wetland Preserve Scavenger Hunt, Sunday, May 24, 2026 from 9:00 a.m. to 12:00 p.m. at the Willows Wetland Preserve; and
5) Honor our Heroes Memorial Day Event, Monday, May 25, 2026 starting at 10:00 a.m. at the Roosevelt Memorial Park Cemetery.

25. REMEMBERANCES
Mrs. Irene Russ, 95 years old, a beloved Gardena resident for 64 years, passed away leaving behind a legacy of community service, friendship, and devotion to family. She was married to Edmond J. Russ for 72 years and proudly served as First Lady during his terms as Mayor of Gardena from 1969-1970 and 1974-1982. Mrs. Russ was actively involved with the Gardena Valley YMCA, the Gardena Sister City Association, and the sister-city relationship with Huatabampo. Mrs. Russ deeply cherished the Gardena community and always appreciated the opportunities, friendships, and support it provided her and the Russ family.

26. ADJOURNMENT
At 9:06 p.m., Mayor Cerda adjourned the Gardena City Council Meeting to the closed Session portion of the City Council Meeting at 7:00 p.m., and the Regular City Council Meeting at 7:30 p.m. on Tuesday, May 26, 2026.

APPROVED:

___________________________________
Tasha Cerda, Mayor

MINA SEMENZA
City Clerk of the City of Gardena and
Ex-officio Clerk of the Council

By:__________________________________
Becky Romero, Deputy City Clerk

Report No. P-2026-9

1 TO: THE HONORABLE MAYOR AND CITY COUNCIL
SUBJECT: PERSONNEL REPORT

1. Report the Service Retirement of BRIAN TANAKA, Human Services Coordinator with the Recreation and Human Services Department, effective January 31, 2026. Mr. Tanaka provided the City with 7 years and 11 months of full-time service.

2. Report the Recruitment for the Open/Competitive position of Lifeguard (Recreation and Human Services Department). This is a continuous recruitment.

3. Report the Recruitment for the Open/Competitive position of Lifeguard/Instructor (Recreation and Human Services Department). This is a continuous recruitment.

4. Report the Recruitment for the Open/Competitive position of Police Officer/Lateral (Police Department). This is a continuous recruitment.

5. Report the Recruitment for the Open/Competitive position of Police Trainee (Police Department). This recruitment is scheduled to close on August 31, 2026.

6. Report the Recruitment for the Open/Competitive position of Financial Services Manager (Transportation Department). This recruitment is scheduled to close on June 12, 2026.

MEMORANDUM

TO: Honorable Mayor and City Council

FROM: City Treasurer’s Office

DATE: May 21, 2026

SUBJECT: WARRANT REGISTER

PAYROLL REGISTER

May 26, 2026 TOTAL WARRANTS ISSUED: $1,627,719.97

Wire Transfer: 13274-13284
Prepay: 185061-185063
Check Numbers: 185064-185251
Checks Voided:

Total Pages of Register: 22

May 15, 2026 TOTAL PAYROLL ISSUED: $3,246,356.14

__________________________________
for Guy Mato, City Treasurer

05/21/2026
Voucher List

CITY OF GARDENA
1 10:04:40AM
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Voucher Date Vendor Invoice PO # Description/Account Amount 13274 4/27/2026 112326 LWP CLAIMS SOLUTIONS INC. 042726 WORKERS' COMP CLAIMS 100,000.00 Total : 100,000.00
13275 4/27/2026 112326 LWP CLAIMS SOLUTIONS INC. 042426 WORKERS' COMP CLAIMS 133,628.69 Total : 133,628.69
13276 5/7/2026 112326 LWP CLAIMS SOLUTIONS INC. 050626 WORKERS' COMP CLAIMS 121,760.23 Total : 121,760.23
13277 5/8/2026 113747 DELTA DENTAL OF CALIFORNIA BE006959908A DENTAL INSURANCE ADMIN FEES - FEBRUARY 2,413.95 Total : 2,413.95
13278 5/8/2026 113747 DELTA DENTAL OF CALIFORNIA BE006999248A DENTAL INSURANCE ADMIN FEES - MARCH 2026 2,409.96 Total : 2,409.96
13279 5/8/2026 113747 DELTA DENTAL OF CALIFORNIA BE007038361A DENTAL INSURANCE ADMIN FEES - APRIL 2026 2,433.90 Total : 2,433.90
13280 5/6/2026 112401 PINNACLE CLAIMS MANAGEMENT INC 050526 HEALTH INSURANCE CLAIMS 23,408.43 Total : 23,408.43
13281 5/6/2026 113747 DELTA DENTAL OF CALIFORNIA BE007048129C DENTAL INSURANCE CLAIMS 11,204.90 Total : 11,204.90
13282 5/7/2026 112401 PINNACLE CLAIMS MANAGEMENT INC 050626 HEALTH INSURANCE CLAIMS 11,204.83 Total : 11,204.83
13283 5/13/2026 113747 DELTA DENTAL OF CALIFORNIA BE007051961C DENTAL INSURANCE CLAIMS 14,327.00 Total : 14,327.00
13284 5/7/2026 112326 LWP CLAIMS SOLUTIONS INC. 050726 WORKERS' COMP CLAIMS 100,000.00 Total : 100,000.00
185061 5/21/2026 619003 SOUTHERN CALIFORNIA EDISON 050626 LIGHT & POWER 25,415.13 Total : 25,415.13
185062 5/21/2026 619005 GAS COMPANY, THE 050126. GAS 1,133.34 1Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 1,133.34 185062 5/21/2026 619005 619005 GAS COMPANY, THE 185063 5/21/2026 619005 GAS COMPANY, THE 058-854-91703 050726 CNG FUEL 1,000.09 Total : 1,000.09
185064 5/26/2026 113688 146TH ST. INVESTMENTS, LLC - LBPM RA-DAFFNEY 06/2026 RENTAL ASSISTANCE PROGRAM 511.75 Total : 511.75
185065 5/26/2026 113097 148TH GARDENA LLC RA-SPIVEY 06/2026 RENTAL ASSISTANCE PROGRAM 433.00 Total : 433.00
185066 5/26/2026 113827 1647 W 147 LLC RA-TRICHE 06/2026 RENTAL ASSISTANCE PROGRAM 1,500.00 Total : 1,500.00
185067 5/26/2026 113845 2 EZ DECO LLC 3012 4' "GARDENA" MARQUEE SIGN 1,925.00 Total : 1,925.00
185068 5/26/2026 113863 360 REMODEL & BUILDING PERMIT #18836 PERMIT DEPOSIT REFUND - 14981 VAN NESS 500.00 Total : 500.00
185069 5/26/2026 110028 ACCENTURE INFRASTRUCTURE, AND CAPITAL PROJECTS, LLC39873 024-01108 ARTESIA BLVD. STREET IMPROVEMENT, JN 935 7,282.50 Total : 7,282.50
185070 5/26/2026 111853 ACCESS 12172539 PD SHREDDING SERVICES 254.35 Total : 254.35
185071 5/26/2026 110225 ACCESS SPECIALTY ANIMAL, HOSPITALS 1990209 VETERINARY SERVICES 1,336.93 Total : 1,336.93
185072 5/26/2026 105149 ADAMSON POLICE PRODUCTS INV451161 035-01447 PD TACTICAL EQUIPMENT & SUPPLIES 8,937.24 Total : 8,937.24
185073 5/26/2026 101748 AFTERMARKET PARTS COMPANY LLC, THE 84212938 037-10469 GTRANS AUTO PARTS 406.88 037-10469 381.20GTRANS AUTO PARTS84251761
037-10469 165.84GTRANS AUTO PARTS84251762
037-10469 103.88GTRANS AUTO PARTS84261743
037-10469 520.39GTRANS AUTO PARTS84268421
2Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 1,578.19 185073 5/26/2026 101748 101748 AFTERMARKET PARTS COMPANY LLC, THE 185074 5/26/2026 113561 AIELLO, ANGELA RA-GERMANY 06/2026 RENTAL ASSISTANCE PROGRAM 925.00 Total : 925.00
185075 5/26/2026 100925 AMERICAN MOVING PARTS 01A181598 GTRANS AUTO PARTS -326.73 526.75GTRANS AUTO PARTS01A181774
Total : 200.02
185076 5/26/2026 107939 AMS.NET 0099987 023-01663 AQUATIC & SENIOR CENTER NETWORK EQUIPMEN 4,156.43 023-01663 1,234.32AQUATIC & SENIOR CENTER NETWORK EQUIPMEN0100508 023-01661 908.80AQUATIC & SENIOR CENTER CABLE INSTALLATI0100651 023-01661 601.53AQUATIC & SENIOR CENTER CABLE INSTALLATI0100652 Total : 6,901.08
185077 5/26/2026 113847 ANSS MARKET GARDENA LLC B/L #41895 2026 TOBACCO RETAILER PERMIT REFUND 120.00 Total : 120.00
185078 5/26/2026 105293 ARC DOCUMENT SOLUTIONS, LLC 13105788 REPROGRAPHIC SERVICES - RFP CITYWIDE 41.37

16.37REPROGRAPHIC SERVICES - RFP CITYWIDE13110983
Total : 57.74
185079 5/26/2026 113874 ASATO, LES RA-MURRY 06/2026 RENTAL ASSISTANCE PROGRAM 1,282.50 Total : 1,282.50
185080 5/26/2026 101459 ASBURY ENVIRONMENTAL SERVICES I500-01373803 HAZARDOUS WASTE DISPOSAL SERVICES 130.00 852.57HAZARDOUS WASTE DISPOSAL SERVICESI500-01374340
Total : 982.57
185081 5/26/2026 104687 AT&T 25190841 TELEPHONE 835.13 Total : 835.13
185082 5/26/2026 111170 AT&T FIRSTNET 287303490376X051026 023-01618 BUS CELL PHONE ACCT #287303490376 2,087.92 Total : 2,087.92
185083 5/26/2026 111170 AT&T FIRSTNET 287298156560X051026 023-01618 CITYWIDE CELL PHONE ACCT #287298156560 1,698.42 Total : 1,698.42
3Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount 185084 5/26/2026 111170 AT&T FIRSTNET 287290885074X051026 023-01618 CITYWIDE CELL PHONE ACCT #287290885074 1,637.21 Total : 1,637.21
185085 5/26/2026 111170 AT&T FIRSTNET 287324972943X051026 023-01618 GTRANS CELL PHONE ACCT #287324972943 484.60 Total : 484.60
185086 5/26/2026 111170 AT&T FIRSTNET 287293416290X051026 023-01618 PD CELL PHONE ACCT #287293416290 363.39 Total : 363.39
185087 5/26/2026 111170 AT&T FIRSTNET 287293420631X051026 023-01618 CD CELL PHONE ACCT #287293420631 345.95 Total : 345.95
185088 5/26/2026 111170 AT&T FIRSTNET 287290395417X051026 023-01618 PD CELL PHONE ACCT #287290395417 321.63 Total : 321.63
185089 5/26/2026 111170 AT&T FIRSTNET 287295242065X051026 023-01618 PD CELL PHONE ACCT #287295242065 278.68 Total : 278.68
185090 5/26/2026 111170 AT&T FIRSTNET 287352273971X051026 023-01618 PW CELL PHONE ACCT #287352273971 277.63 Total : 277.63
185091 5/26/2026 100474 AT&T LONG DISTANCE 051226 TELEPHONE 98.37 Total : 98.37
185092 5/26/2026 100964 AT&T MOBILITY 828667974X05162026 CM CELL PHONE ACCT #828667974 87.46 Total : 87.46
185093 5/26/2026 113689 AUBRY, BRUCE RA-SPRATT 06/2026 RENTAL ASSISTANCE PROGRAM 550.00 Total : 550.00
185094 5/26/2026 112942 AWP SAFETY 40020057 SIGNS - 36"X10" WAYFINDING SIGNS 279.49 Total : 279.49
185095 5/26/2026 110686 AZTECH ELEVATOR COMPANY AZ20856 024-01170 ELEVATOR MAINTENANCE - NCC 125.00 024-01170 285.00ELEVATOR MAINTENANCE - PWAZ20857
024-01170 285.00ELEVATOR MAINTENANCE - NCCAZ20858
024-01170 125.00ELEVATOR MAINTENANCE - CHAZ20859
037-10452 285.00ELEVATOR MAINTENANCE - GTRANSAZ20935
4Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount 185095 5/26/2026 (Continued)110686 AZTECH ELEVATOR COMPANY 037-10452 83.33ELEVATOR MAINTENANCE - GTRANSAZ20940
Total : 1,188.33
185096 5/26/2026 113761 BARKER, ANTHONY RA-LOGAN 06/2026 RENTAL ASSISTANCE PROGRAM 330.25 Total : 330.25
185097 5/26/2026 107747 BENGAR PRODUCTIONS 7859 PRINTING SERVICES - TRP UNIFORMS 48.00 Total : 48.00
185098 5/26/2026 113715 BERRO PROPERTY MANAGEMENT RA-PATTERSON 06/2026 RENTAL ASSISTANCE PROGRAM 495.00 Total : 495.00
185099 5/26/2026 113762 BF PROPERTIES 1 LLC RA-AVELAR 06/2026 RENTAL ASSISTANCE PROGRAM 423.75 Total : 423.75
185100 5/26/2026 113662 BIG BELLY SOLAR LLC 62988 SMART MAX SOFTWARE RENEWAL 4,468.00 Total : 4,468.00
185101 5/26/2026 102331 BLUE DIAMOND MATERIALS 4463275 STREET MAINT SUPPLIES 230.39 282.52STREET MAINT SUPPLIES4465658
Total : 512.91
185102 5/26/2026 109155 BONTERRA TECH LLC INV-10012719 035-01443 IMPACT MANAGEMENT PRO SOFTWARE 6,459.00 Total : 6,459.00
185103 5/26/2026 104452 BRW SAFETY AND SUPPLY 18439 PW UNIFORM SUPPLIES 2,592.69 Total : 2,592.69
185104 5/26/2026 103029 CALIFORNIA FENCE & SUPPLY M19181 PARK MAINT SUPPLIES 4.28 Total : 4.28
185105 5/26/2026 110313 CALTIP 94-2026-APRIL 037-10449 INSURANCE CLAIMS DEDUCTIBLE - APRIL 2026 31,599.66 Total : 31,599.66
185106 5/26/2026 823003 CARL WARREN & COMPANY APRIL 2026 CLAIMS MANAGEMENT 1,952.53 Total : 1,952.53
5Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount 185107 5/26/2026 803420 CARPENTER, ROTHANS & DUMONT, LAW OFFICES OF52063 LEGAL SERVICES 312.00 Total : 312.00
185108 5/26/2026 110605 CHANDLER ASSET MANAGEMENT 2604GARDENA 023-01628 INVESTMENT MGMT SERVICES - APRIL 2026 2,780.25 Total : 2,780.25
185109 5/26/2026 110200 CHARITABLE FUND BENEFITTING, GARDENA CERDA 25/26 COMMUNITY PROMOTION 200.00 Total : 200.00
185110 5/26/2026 104126 CHARTER COMMUNICATIONS 187854501050726 023-01619 CABLE & BACKUP INTERNET SERVICES 5,233.08 Total : 5,233.08
185111 5/26/2026 113697 CHEN, CHAO YUNG RA-WILLIAMS 06/2026 RENTAL ASSISTANCE PROGRAM 875.00 Total : 875.00
185112 5/26/2026 113697 CHEN, CHAO YUNG RA-GONZALEZ 06/2026 RENTAL ASSISTANCE PROGRAM 668.75 Total : 668.75
185113 5/26/2026 312105 CITY OF LOS ANGELES MA260000050 TRAFFIC SIGNAL MAINTENANCE & OPERATION 895.16 Total : 895.16
185114 5/26/2026 110122 COMMANDSTAT ANALYTICS, INC 257 DATABASE MGMT & REPORTING PREPARATION 2,016.00 Total : 2,016.00
185115 5/26/2026 102895 CONSOLIDATED DESIGN WEST 0458770 FIFA STREET BANNER SUPPLIES 4,994.88 Total : 4,994.88
185116 5/26/2026 102388 COPYLAND, INC. 93665 037-10457 GTRANS - 8.5"X14" B&W TROLLEY 192.08 Total : 192.08
185117 5/26/2026 109913 COSTAR REALTY INFORMATION INC. 124025709 032-00228 COSTAR SUITE - MAY 2026 985.16 Total : 985.16
185118 5/26/2026 102791 CPAC, INC. 1302848 023-01673 AQUATIC CENTER MONITOR REPLACEMENTS 12,944.40 Total : 12,944.40
185119 5/26/2026 103353 CRM COMPANY, LLC. LA30022 SCRAP TIRE DISPOSAL FEE 69.50 Total : 69.50
6Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount 185120 5/26/2026 106193 CUMMINS SALES AND SERVICE X4-260595767 037-10470 GTRANS AUTO PARTS 551.84 Total : 551.84
185121 5/26/2026 104736 D&R OFFICE WORKS, INC. 139250 037-10497 GTRANS LOBBY DESIGN WORK 3,402.00 Total : 3,402.00
185122 5/26/2026 303459 DEPARTMENT OF JUSTICE 035064 FINGERPRINT APPS - MARCH 2026 2,355.00 1,808.00FINGERPRINT APPS - APRIL 2026042092
Total : 4,163.00
185123 5/26/2026 303377 DEPARTMENT OF TRANSPORTATION SL260773 SIGNALS & LIGHTING - ARTESIA BLVD AND 564.91 Total : 564.91
185124 5/26/2026 312187 DEPARTMENT OF WATER & POWER GA213107 TELECOMMUNICATION POLE ATTACHMENTS 453.00 Total : 453.00
185125 5/26/2026 105182 DIRECTV 017280777X260515 DIRECTV SERVICE BUSINESS EXTRA - ADMIN 1,715.88 Total : 1,715.88
185126 5/26/2026 106371 DIXON, SEAN 020926 EDUCATIONAL REIMBURSEMENT 1,020.00 1,530.00EDUCATIONAL REIMBURSEMENT021126
510.00EDUCATIONAL REIMBURSEMENT021726
Total : 3,060.00
185127 5/26/2026 110849 DMS CONSULTANTS CIVIL, ENGINEERS, INC GA-010-1 024-01224 LOCAL STREET IMPROVEMENTS, JN 553 44,538.00 Total : 44,538.00
185128 5/26/2026 104500 DOOLEY ENTERPRISES, INC 71730 035-01396 PD AMMUNITION SUPPLIES 14,529.01 Total : 14,529.01
185129 5/26/2026 113586 DRASIN, CORINNE RA-LOPEZ 06/2026 RENTAL ASSISTANCE PROGRAM 665.60 Total : 665.60
185130 5/26/2026 109416 E S SPORTS 12491 CUSTOM GRAPHICS FOR UNIT P19 846.13 846.13CUSTOM GRAPHICS FOR UNIT P1712494
Total : 1,692.26
185131 5/26/2026 110534 EL DORADO NATIONAL 90896341 GTRANS BUS VEHICLE SUPPLIES 103.25 7Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount 185131 5/26/2026 (Continued)110534 EL DORADO NATIONAL
386.14GTRANS BUS VEHICLE SUPPLIES90896623
145.77GTRANS BUS VEHICLE SUPPLIES90897341
Total : 635.16
185132 5/26/2026 105418 EMPIRE CLEANING SUPPLY S7666681 034-00713 CUSTODIAL SUPPLIES 3,591.26 034-00713 123.47CUSTODIAL SUPPLIESS7687499
034-00713 132.99CUSTODIAL SUPPLIESS7687499.002
034-00713 2,405.44CUSTODIAL SUPPLIESS7697905
034-00713 524.67CUSTODIAL SUPPLIESS7697940
Total : 6,777.83
185133 5/26/2026 105392 ENTENMANN-ROVIN COMPANY 0194448 PD UNIFORM SUPPLIES 655.64 978.84PD UNIFORM SUPPLIES0194787
Total : 1,634.48
185134 5/26/2026 106459 ENTERPRISE FM TRUST FBN5632574 023-01620 ENTERPRISE LEASE - MAY 2026 11,263.55 023-01572
023-01634
023-01638
037-10492
023-01620 6,069.66ENTERPRISE LEASE - MAY 2026 - PDFBN5632648 Total : 17,333.21
185135 5/26/2026 105650 EWING IRRIGATION PRODUCTS 30099527 TREE PROGRAM SUPPLIES 74.45

62.48PARK MAINT SUPPLIES30158997
Total : 136.93
185136 5/26/2026 100055 FAIR HOUSING FOUNDATION JAN, FEB, MAR 2025 FAIR HOUSING SERVICES 4,947.58 4,623.78FAIR HOUSING SERVICESJULY, AUG, SEP 2025
032-00242 5,201.74FAIR HOUSING SERVICESOCT-DEC 2025
Total : 14,773.10
185137 5/26/2026 106129 FEDEX 9-288-73101 SHIPPING SERVICES 109.13 148.60SHIPPING SERVICES9-289-95036

50.09SHIPPING SERVICES9-298-54957
Total : 307.82
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Voucher Date Vendor Invoice PO # Description/Account Amount 185138 5/26/2026 113708 FERANDELL TENNIS COURTS, INC. 2026-75 024-01204 ROWLEY PARK BASKETBALL COURT RENOVATION, 45,630.40 Total : 45,630.40
185139 5/26/2026 103083 FIRST ADVANTAGE LNS OCC HEALTH, SOLUTIONS2502792604 DRUG TEST/ADMIN FEE 558.87 Total : 558.87
185140 5/26/2026 106545 FLEETPRIDE, INC 133969760 SEWER PROGRAM SUPPLIES 89.49 Total : 89.49
185141 5/26/2026 106465 FOX FIRST AID & SAFETY INC 77632 PARK MAINT SUPPLIES 60.78 111.61PARK MAINT SUPPLIES77887

56.36PARK MAINT SUPPLIES77909
Total : 228.75
185142 5/26/2026 113810 FSB PROPERTIES 1203 W 144TH ST, LLC RA-WATSON 06/2026 RENTAL ASSISTANCE PROGRAM 899.50 Total : 899.50
185143 5/26/2026 112566 GALLS, LLC 034127726 PD UNIFORM SUPPLIES 1,026.26 -15.00PD UNIFORM SUPPLIES034212693
1,746.64PD UNIFORM SUPPLIES034515951
1,011.26PD UNIFORM SUPPLIES034796591
346.97PD UNIFORM SUPPLIES034945503
Total : 4,116.13
185144 5/26/2026 112464 GARDENA HONDA 184247 GTRANS AUTO PARTS 227.70 Total : 227.70
185145 5/26/2026 107011 GARDENA VALLEY NEWS 00162757 NOTICE OF PUBLIC HEARING APPROVING THE 1,008.00 966.00NOTICE OF PUBLIC HEARING APPROVING THE00162758
259.00NOTICE OF PUBLIC HEARING - CPP00162998
168.00NOTICE OF PUBLIC HEARING - CUP #1-2600163279
161.00NOTICE OF PUBLIC HEARING - CUP #4-2600163280
Total : 2,562.00
185146 5/26/2026 101091 GEURIN MOBILE HOME SERVICE INC 17100-50-90 032-00244 CDBG HOUSING REHAB PROGRAM - 17100 GRAME 22,500.00 Total : 22,500.00
185147 5/26/2026 106470 GILLIG LLC 41430600 037-10471 GTRANS AUTO PARTS 25.15 9Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount 185147 5/26/2026 (Continued)106470 GILLIG LLC
1,128.90GTRANS AUTO PARTS41433166
037-10471 334.65GTRANS AUTO PARTS41433701
037-10471 86.31GTRANS AUTO PARTS41434070
037-10471 99.21GTRANS AUTO PARTS41435177
037-10471 3,090.86GTRANS AUTO PARTS41435178
037-10471 115.02GTRANS AUTO PARTS41437872
Total : 4,880.10
185148 5/26/2026 619004 GOLDEN STATE WATER CO. 050526 WATER 18,089.25 Total : 18,089.25
185149 5/26/2026 107513 GRAINGER 9895750462 CITY PROGRAM SUPPLIES 1,532.85 536.54GTRANS MAINT SUPPLIES9904578656
037-10459 46.42GTRANS FACILITY SUPPLIES9906556270
037-10459 77.01GTRANS MAINT SUPPLIES9907212212
137.95SIGNS/SIGNALS SUPPLIES9908631931
037-10459 92.62GTRANS FACILITY SUPPLIES9909889215
Total : 2,423.39
185150 5/26/2026 112374 GRIFFIN STRUCTURES, INC. GSI-GCASC-40 024-00910 AQUATIC & SENIOR CENTER, JN978 24,544.04 Total : 24,544.04
185151 5/26/2026 113873 HANALEI PARTNERS LLC RA-GARNER 05/2026 RENTAL ASSISTANCE PROGRAM 406.50 Total : 406.50
185152 5/26/2026 113873 HANALEI PARTNERS LLC RA-GARNER 06/2026 RENTAL ASSISTANCE PROGRAM 406.50 Total : 406.50
185153 5/26/2026 107754 HARBOR TRUCK BODIES, INC. PSI68984 PW AUTO PARTS 49.57 Total : 49.57
185154 5/26/2026 108765 HENDERSON, MARK E. 05/06-05/08 2026 SCAG CONFERENCE - PER DIEM 150.00 Total : 150.00
185155 5/26/2026 108434 HOME DEPOT CREDIT SERVICES 2334836 BLDG MAINT SUPPLIES 157.46

33.11CUSTODIAL SUPPLIES2904137
118.40PD PROGRAM SUPPLIES3521792
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Voucher Date Vendor Invoice PO # Description/Account Amount 185155 5/26/2026 (Continued)108434 HOME DEPOT CREDIT SERVICES 155.14BLDG MAINT SUPPLIES5361308

19.38PARK MAINT SUPPLIES5544941

83.78CUSTODIAL SUPPLIES5900094

59.58CUSTODIAL SUPPLIES6903366

15.41CUSTODIAL SUPPLIES7625028

97.87PD PROGRAM SUPPLIES7711583
100.61SIGNS/SIGNALS SUPPLIES8510737
240.35STREET MAINT SUPPLIES9351203

60.12REC PROGRAM SUPPLIES9904831
Total : 1,141.21
185156 5/26/2026 108430 HOME PIPE & SUPPLY F51281 BLDG MAINT SUPPLIES 383.37 Total : 383.37
185157 5/26/2026 113276 HYDRAULIC ELECTRIC COMPONENT, SUPPLY, INC.0154529 GTRANS AUTO PARTS 4,004.71 Total : 4,004.71
185158 5/26/2026 111696 INDICATOR REEF, LLC RA-WASHINGTON 6/2026 RENTAL ASSISTANCE PROGRAM 673.75 Total : 673.75
185159 5/26/2026 111593 INTER-CON SECURITY SYSTEMS INC BD0864746 037-10527 GTRANS SECURITY SERVICES - APRIL 2026 7,161.60 037-10527 30.74GTRANS SECURITY SERVICES - APRIL 2026BD0864802 Total : 7,192.34
185160 5/26/2026 106714 INTERSTATE BATTERIES OF, CALIFORNIA COAST, INC.120175517 037-10472 GTRANS AUTO PARTS 1,304.30 Total : 1,304.30
185161 5/26/2026 100084 INTIME 14602 035-01446 INTIME SUBSCRIPTION RENEWAL 12,340.00 Total : 12,340.00
185162 5/26/2026 111715 ISLAND BREEZE APARTMENTS RA-DOUGLAS 06/2026 RENTAL ASSISTANCE PROGRAM 856.00 Total : 856.00
185163 5/26/2026 113743 JANICE SARUWATARI LBT FBO RA-CARILLO 06/2026 RENTAL ASSISTANCE PROGRAM 368.75 Total : 368.75
185164 5/26/2026 113532 JBT MOBILE DETAIL LLC 2822 037-10481 40' BUS INTERIOR DETAILING 464.63 11Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 464.63 185164 5/26/2026 113532 113532 JBT MOBILE DETAIL LLC 185165 5/26/2026 113695 JENKINS PROPERTY MANAGEMENT RA-YOUNG 06/2026 RENTAL ASSISTANCE PROGRAM 622.75 Total : 622.75
185166 5/26/2026 110853 JONES MAYER 141435 ATTORNEY SERVICES 97.86 464.85ATTORNEY SERVICES141436
1,670.70ATTORNEY SERVICES141437
686.18ATTORNEY SERVICES141438
984.52ATTORNEY SERVICES141439
149.17ATTORNEY SERVICES141440
447.49ATTORNEY SERVICES141441
865.19ATTORNEY SERVICES141442

19.61ATTORNEY SERVICES141443
8,587.18ATTORNEY SERVICES141444
122.32ATTORNEY SERVICES141445
244.65ATTORNEY SERVICES141446
538.22ATTORNEY SERVICES141447
28,879.24ATTORNEY SERVICES141448
447.51ATTORNEY SERVICES141449
020-00064 11,695.19ATTORNEY SERVICES141450
Total : 55,899.88
185167 5/26/2026 113696 KALMAN, ALAN RA-EGUILUZ 06/2026 RENTAL ASSISTANCE PROGRAM 245.00 Total : 245.00
185168 5/26/2026 112812 KIMBALL MIDWEST 104153374 GTRANS SHOP SUPPLIES 547.79 Total : 547.79
185169 5/26/2026 312113 L.A. COUNTY SHERIFF'S DEPT 262528BL INMATE MEAL DELIVERY PROGRAM - MARCH 202 586.72 Total : 586.72
185170 5/26/2026 104203 L.A. PAINT & BODY WORKS 31457 BUS REPAIR FOR BUS #2316 3,596.82 Total : 3,596.82
185171 5/26/2026 109939 LA UNIFORMS & TAILORING 32288 PD UNIFORM SUPPLIES 136.96

76.13PD UNIFORM SUPPLIES32380
216.47PD UNIFORM SUPPLIES32463
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Voucher Date Vendor Invoice PO # Description/Account Amount 185171 5/26/2026 (Continued)109939 LA UNIFORMS & TAILORING 205.31PD UNIFORM SUPPLIES32483
Total : 634.87
185172 5/26/2026 112614 LAX AUTO REPAIR 21271 2021 FORD INTRCPTR #1614731 OIL & 134.05

70.002025 FORD EXPLR #11064 OIL & FILTER21281
Total : 204.05
185173 5/26/2026 113834 LEAD TECH ENVIRONMENTAL 17401 ENVIRONMENTAL TESTING - 12907 HAAS AVE 1,715.00 1,715.00ENVIRONMENTAL TESTING - 12811 S CATALINA17475
1,090.00ENVIRONMENTAL TESTING - 17100 GRAMERCY P17503
1,485.00ENVIRONMENTAL TESTING - 17100 GRAMERCY P17544
1,120.00ENVIRONMENTAL TESTING - 13716 ARDATH AVE17599
1,120.00ENVIRONMENTAL TESTING - 14927 PARRON AVE17601
890.00ENVIRONMENTAL TESTING - 3163 W 155TH ST17602
595.00ENVIRONMENTAL TESTING - 13716 ARDATH AVE17610
595.00ENVIRONMENTAL TESTING - 14927 PARRON AVE17612
1,090.00ENVIRONMENTAL TESTING - 17100 GRAMERCY P17615
1,485.00ENVIRONMENTAL TESTING - 17100 GRAMERCY P17639
1,090.00ENVIRONMENTAL TESTING - 17100 GRAMERCY P17640
325.00ENVIRONMENTAL TESTING - 12907 HAAS AVE17649
Total : 14,315.00
185174 5/26/2026 108023 LEXIPOL LLC INVLEX11269095 035-01445 POLICY AND TRAINING PLATFORM SUBSCRIPTIO 32,952.37 Total : 32,952.37
185175 5/26/2026 112260 LIEBERT CASSIDY WHITMORE 319138 LEGAL SERVICES 9,209.00 24,171.35LEGAL SERVICES320938
Total : 33,380.35
185176 5/26/2026 112260 LIEBERT CASSIDY WHITMORE 319140 LEGAL SERVICES 8,601.75 19,015.00LEGAL SERVICES319141
Total : 27,616.75
185177 5/26/2026 112260 LIEBERT CASSIDY WHITMORE 319139 LEGAL SERVICES 97.00

97.00LEGAL SERVICES320930

48.50LEGAL SERVICES320931
13Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount 185177 5/26/2026 (Continued)112260 LIEBERT CASSIDY WHITMORE

48.50LEGAL SERVICES320932
373.00LEGAL SERVICES320934
364.50LEGAL SERVICES320937
16,173.00LEGAL SERVICES320940
Total : 17,201.50
185178 5/26/2026 113687 LIN, JENHUI RA-SCOTT 06/2026 RENTAL ASSISTANCE PROGRAM 470.00 Total : 470.00
185179 5/26/2026 113811 LOGAN, MARY F. RA-LANE 06/2026 RENTAL ASSISTANCE PROGRAM 662.50 Total : 662.50
185180 5/26/2026 113865 LOS ANGELES HARBOR, COLLEGE FOUNDATIONHENDERSON 25/26 COMMUNITY PROMOTION 300.00 Total : 300.00
185181 5/26/2026 107991 LRJ CONSTRUCTION, INC. 12811-1-1 032-00246 CDBG HOUSING REHAB PROGRAM - 12811 S CAT 30,375.00 Total : 30,375.00
185182 5/26/2026 107991 LRJ CONSTRUCTION, INC. 12811-1 032-00243 PLHA HOUSING REHAB PROGRAM - 12811 S CAT 28,071.00 Total : 28,071.00
185183 5/26/2026 112615 LU'S LIGHTHOUSE, INC. 01298881 PW AUTO PARTS 187.51 Total : 187.51
185184 5/26/2026 813030 MANNING & KASS 860812 LEGAL SERVICES 2,083.43 10,919.20LEGAL SERVICES862162
1,630.50LEGAL SERVICES862164
Total : 14,633.13
185185 5/26/2026 110306 MARIPOSA LANDSCAPES, INC 4433 024-01162 TREE TRIMMING MAINTENANCE SERVICE 55,161.39 Total : 55,161.39
185186 5/26/2026 113046 MARX BROS. FIRE EXTINGUISHER, CO., INC. P32201 FIRE EXTINGUISHER SERVICE - JAIL/CITY 796.00 Total : 796.00
185187 5/26/2026 113703 MCCARROLL, LILLIAN RA-PLESE 06/2026 RENTAL ASSISTANCE PROGRAM 472.50 14Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 472.50 185187 5/26/2026 113703 113703 MCCARROLL, LILLIAN 185188 5/26/2026 113064 MCMASTER-CARR SUPPLY COMPANY 60280255 SEWER PROGRAM SUPPLIES 200.06 189.16GTRANS SHOP SUPPLIES60466233
128.27GTRANS SHOP SUPPLIES60876505
192.27STREET MAINT SUPPLIES63932847
Total : 709.76
185189 5/26/2026 112524 MDG ASSOCIATES, INC. 20682 032-00229 CDBG ADMINISTRATION - MARCH 2026 2,275.50 032-00229 500.00CDBG ADMINISTRATION SOFTWARE - MARCH 20220685 032-00229 500.00CDBG HOUSING REHAB PROGRAM SOFTWARE - MA20686 034-00687 500.00CPF ADMINISTRATION SOFTWARE - MARCH 202620687 Total : 3,775.50
185190 5/26/2026 113299 MERRIMAC ENERGY GROUP 2247032 037-10463 87 OCTANE REGULAR UNLEADED FUEL 44,626.38 Total : 44,626.38
185191 5/26/2026 111981 MIRANDA, ELLNER 04/17-04/18 SO. CAL REGIONAL BUS ROADEO 282.41 Total : 282.41
185192 5/26/2026 113029 MONTEREY APARTMENTS RA-MORAN 06/2026 RENTAL ASSISTANCE PROGRAM 480.00 Total : 480.00
185193 5/26/2026 113605 MUTUAL LIQUID GAS & EQUIPMENT, CO., INC.121361 SERVICE AGREEMENT PLAN 135.00 Total : 135.00
185194 5/26/2026 109697 NATIONAL AUTO FLEET GROUP WC10868 035-01426 2026 CHEVY TAHOE VIN #1GNS5UED2TR313572 62,915.19 Total : 62,915.19
185195 5/26/2026 112159 NEOU, ROMEO 04/17-04/18 SO. CAL REGIONAL BUS ROADEO 282.41 Total : 282.41
185196 5/26/2026 113851 NERI'S SIGN & ADVERTISING PERMIT #18805 PERMIT DEPOSIT REFUND - 15340 S. 1,000.00 Total : 1,000.00
185197 5/26/2026 113742 NORMAN KOUTEK C/O JAMISON, MANAGEMENT COMPANYRA-CONEY 06/2026 RENTAL ASSISTANCE PROGRAM 534.50 Total : 534.50
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oucher List

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16 10:04:40AM
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Voucher Date Vendor Invoice PO # Description/Account Amount 185198 5/26/2026 110575 OCCUPATIONAL HEALTH CENTERS, OF CALIFORNIA, A MEDICAL90440064 RANDOM TESTS 193.00 300.00RANDOM TESTS90707237
843.00RANDOM TESTS90707269
1,099.00RANDOM TESTS90884648
Total : 2,435.00
185199 5/26/2026 115168 OFFICE DEPOT 464398850 HR OFFICE SUPPLIES 82.65

35.87HR OFFICE SUPPLIES464414693
371.68BUS OFFICE SUPPLIES464856491

42.82BUS OFFICE SUPPLIES464857654
326.97PD OFFICE SUPPLIES466643259
121.00PD OFFICE SUPPLIES467348326

24.60PD OFFICE SUPPLIES467348485

20.85PD OFFICE SUPPLIES467700728

66.79PD OFFICE SUPPLIES467700844
424.65BUS OFFICE SUPPLIES468104629
-371.68BUS OFFICE SUPPLIES468104666

48.03BUS OFFICE SUPPLIES468104850
-42.82BUS OFFICE SUPPLIES468104902
514.52BUS OFFICE SUPPLIES468794265

88.55BUS OFFICE SUPPLIES468798882

14.69BUS OFFICE SUPPLIES468798883
109.38HR OFFICE SUPPLIES469161761

15.96HR OFFICE SUPPLIES469162563
Total : 1,894.51
185200 5/26/2026 111358 O'REILLY AUTO PARTS 247290 PW AUTO PARTS -45.74

37.92PW AUTO PARTS255633
-37.92PW AUTO PARTS255660

16.07GTRANS AUTO PARTS258118

34.24GTRANS AUTO PARTS259474
Total : 4.57
185201 5/26/2026 115810 ORKIN PEST CONTROL 296422114 PEST CONTROL - ACCT #27336703 387.59 387.59PEST CONTROL - ACCT #27336703296422115
Total : 775.18
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17 10:04:40AM
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Voucher Date Vendor Invoice PO # Description/Account Amount 185202 5/26/2026 113862 OROZCO, STEPHANIE PERMIT #18879 PERMIT DEPOSIT REFUND - 1123 ELECTRIC 500.00 Total : 500.00
185203 5/26/2026 103673 PACIFIC PRODUCTS & SERVICE, LLC 38091 SIGNS/SIGNALS SUPPLIES 766.58 Total : 766.58
185204 5/26/2026 113853 PENINSULA ESCROW INC. 10026-0145 PROPERTY INFORMATION REPORT REFUND 410.40 Total : 410.40
185205 5/26/2026 113716 PENINSULA VIEW PROPERTY, MANAGEMENT, INC.RA-WEEKS 06/2026 RENTAL ASSISTANCE PROGRAM 448.75 Total : 448.75
185206 5/26/2026 113463 PEREGRINE TECHNOLOGIES INC INV-0432 035-01444 DATA INTEGRATION PLATFORM 91,000.00 Total : 91,000.00
185207 5/26/2026 113673 PERMITECH SOLUTIONS, CORPORATION 212 PROFESSIONAL SERVICES - MWF #1-26 (TMO) 2,756.00 2,756.00PROFESSIONAL SERVICES - 13200 S WESTERN217
Total : 5,512.00
185208 5/26/2026 112859 PET HAVEN CEMETERY 19812 032-00213 PROFESSIONAL CREMATORY SERVICES 1,690.00 032-00241
Total : 1,690.00
185209 5/26/2026 113683 PREMIER PROPERTIES RA-CLEMONS 06/2026 RENTAL ASSISTANCE PROGRAM 775.00 Total : 775.00
185210 5/26/2026 113683 PREMIER PROPERTIES RA-FUDGE 06/2026 RENTAL ASSISTANCE PROGRAM 366.25 Total : 366.25
185211 5/26/2026 106092 PRUDENTIAL OVERALL SUPPLY 43115204 034-00712 CUSTODIAL SUPPLIES 43.70 024-01168 170.87UNIFORM & SUPPLY RENTAL43115205
034-00712
034-00712 32.05UNIFORM & SUPPLY RENTAL43115206
034-00712 51.20SUPPLY RENTAL - MATS - GTRANS43115207
034-00712 1,502.92CUSTODIAL SUPPLIES43116906
024-01168 172.14UNIFORM & SUPPLY RENTAL43116907
034-00712
034-00712 32.05UNIFORM & SUPPLY RENTAL43116908
17Page:
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18 10:04:40AM
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Voucher Date Vendor Invoice PO # Description/Account Amount 185211 5/26/2026 (Continued)106092 PRUDENTIAL OVERALL SUPPLY 034-00712 51.20SUPPLY RENTAL - MATS - GTRANS43116909
034-00712 13.83SUPPLY RENTAL - MATS - NCC43116910
034-00712 19.42SUPPLY RENTAL - MATS - CH43116911
034-00712 29.70SUPPLY RENTAL - MATS - PD43116912
034-00712 11.88SUPPLY RENTAL - MATS - HS43116913
Total : 2,130.96
185212 5/26/2026 102283 QUICK COLOR PRINTING 16856 REC PROGRAM SUPPLIES 198.90 110.50REC PROGRAM SUPPLIES16858
Total : 309.40
185213 5/26/2026 113875 RAMIREZ, DIEGO 02/23-03/18 2025-26 OCTA CERTIFIED MAINT TRAINING 324.80 Total : 324.80
185214 5/26/2026 103072 REACH 052641 EAP SERVICES/REACHLINE NEWSLETTER 902.00 Total : 902.00
185215 5/26/2026 112578 RIDECO US INC 2026-282US 037-10254 MICROTRANSIT SOFTWARE 812.44 Total : 812.44
185216 5/26/2026 112433 RIGHTWAY HEALTHCARE, INC INV11133947 023-01624 CARE NAVIGATION COORDINATORS 1,982.50 Total : 1,982.50
185217 5/26/2026 111867 RJM DESIGN GROUP 37818 024-00795 DESIGN & ENGINEERING - AQUATIC & SENIOR 2,214.50 Total : 2,214.50
185218 5/26/2026 112339 ROMANO, KEVIN 04/17-04/18 SO. CAL REGIONAL BUS ROADEO 282.41 Total : 282.41
185219 5/26/2026 107551 RUIZ CONCRETE & PAVING INC 1 MOBILIZATION, TRAFFIC CONTROL, GRIND 4,750.00 Total : 4,750.00
185220 5/26/2026 113207 RYTYCH TRUCK SPECIALTIES 2669 CLEAN TRUCK CHECK 1,000.00 Total : 1,000.00
185221 5/26/2026 119022 SAFE MART OF SOUTHERN, CALIFORNIA, INC.2763 TREE PROGRAM SUPPLIES 19.90 18Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 19.90 185221 5/26/2026 119022 119022 SAFE MART OF SOUTHERN, CALIFORNIA, INC. 185222 5/26/2026 119016 SAM'S CLUB 5798 04/29/26 PARK MAINT SUPPLIES 263.51 Total : 263.51
185223 5/26/2026 108654 SECTRAN SECURITY INC. 26042278 ARMORED TRANSPORTATION SERVICES - GTRANS 1,341.35 794.41ARMORED TRANSPORTATION SERVICES - GTRANS26050922
349.97ARMORED TRANSPORTATION SERVICES - MAY 2026050923
Total : 2,485.73
185224 5/26/2026 107761 SOCAL STORMWATER RUNOFF, SOLUTION SERVICES, INC.14562 037-10479 FACILITY STORMWATER COMPLIANCE 510.00 Total : 510.00
185225 5/26/2026 102027 SOUTH BAY ELECTRIC MOTORS, INC 27665 BUS AUTO PARTS 262.99 Total : 262.99
185226 5/26/2026 119375 SOUTH COAST AIR QUALITY, MANAGEMENT DISTRICT4711874 CA AIR TOXICS "HOT SPOTS" PROGRAM FEE 172.49 172.49CA AIR TOXICS "HOT SPOTS" PROGRAM FEE4715029
701.78PUBLIC NOTICE POSTAGE FEE4728647
Total : 1,046.76
185227 5/26/2026 619006 SOUTHERN CALIFORNIA EDISON 7590717351 STREET LIGHT INSTALLATION 838.24 Total : 838.24
185228 5/26/2026 103202 SOUTHERN COUNTIES LUBRICANTS, LLC 116850 BUS AUTOMOTIVE FLUIDS 3,884.89 1,062.18BUS AUTOMOTIVE FLUIDS116851
Total : 4,947.07
185229 5/26/2026 113745 SPRING PROPERTY GROUP RA-DELACRUZ 06/2026 RENTAL ASSISTANCE PROGRAM 637.50 Total : 637.50
185230 5/26/2026 113242 TAIT & ASSOCIATES, INC. 169249 024-01123 CONSULTANT SERVICES - SEWER IMPROVEMENTS 1,220.00 Total : 1,220.00
185231 5/26/2026 100609 TANK SPECIALISTS OF CALIFORNIA 36122 CERTIFIED DESIGNATED OPERATOR SERVICE, 198.00 Total : 198.00
185232 5/26/2026 112703 TEAM PORTER INC. RA-MITCHEL 06/2026 RENTAL ASSISTANCE PROGRAM 568.75 19Page:
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20 10:04:40AM
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Voucher Date Vendor Invoice PO # Description/Account Amount (Continued) Total : 568.75 185232 5/26/2026 112703 112703 TEAM PORTER INC. 185233 5/26/2026 110238 TIREHUB, LLC 58562081 TIRES - GY ASSUR ALL SEASON BW 215 55/17 107.91 Total : 107.91
185234 5/26/2026 105070 T-MOBILE USA, INC. L2604280060 TIME DIFFERENCE OF ARRIVAL 50.00 115.00PROSPECTIVE PRECISION LOCATIONL2604280237
700.00CELL AREA DUMPL2605050131
200.00CELL TOWER DUMPL2605110179
Total : 1,065.00
185235 5/26/2026 113717 TOP TEAM REALTY, INC RA-WEBB 06/2026 RENTAL ASSISTANCE PROGRAM 638.75 Total : 638.75
185236 5/26/2026 106018 TRANE U.S. INC. 990491869 037-10467 BUS FACILITY MAINT SUPPLIES 1,229.24 Total : 1,229.24
185237 5/26/2026 103845 TRENCH SHORING COMPANY 20613091 RENTAL - TRENCH TOP 5'X8' WELDED 151.20 Total : 151.20
185238 5/26/2026 105556 TRIANGLE SPORTS, INC. 43932 WORLD CUP EVENT STAFF UNIFORMS 1,475.51 Total : 1,475.51
185239 5/26/2026 111481 TRIO COMMUNITY MEALS, LLC INV2230080259 034-00705 SENIOR FEEDING PROGRAM 9,050.70 034-00705 2,021.25SENIOR FEEDING PROGRAMINV2230080706
034-00705 5,845.32SENIOR FEEDING PROGRAMINV2230080707
034-00705 8,364.19SENIOR FEEDING PROGRAMINV2230081173
Total : 25,281.46
185240 5/26/2026 120854 TURF STAR INC. INV152810 PW AUTO PARTS 116.70 Total : 116.70
185241 5/26/2026 109900 U.S. BANK CORPORATE PAYMENT, SYSTEMSCRESPO 04/22/26 CAL CARD STATEMENT 03/24-04/22/26 12,961.98 037-10526
20,105.56CAL CARD STATEMENT 03/24-04/22/26SWEENEY 04/22/26 034-00731
Total : 33,067.54
20Page:
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21 10:04:40AM
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Voucher Date Vendor Invoice PO # Description/Account Amount 185242 5/26/2026 109900 U.S. BANK CORPORATE PAYMENT, SYSTEMSCDD 04/22/26 CAL CARD STATEMENT 03/24-04/22/26 92.59 8,646.75CAL CARD STATEMENT 03/24-04/22/26FINANCE 04/22/26 5,207.08CAL CARD STATEMENT 03/24-04/22/26HOWARD 04/22/26 4,579.24CAL CARD STATEMENT 03/24-04/22/26HR 04/22/26
2,472.69CAL CARD STATEMENT 03/24-04/22/26OROZCO 04/22/26 789.40CAL CARD STATEMENT 03/24-04/22/26ROMERO 04/22/26
1,803.26CAL CARD STATEMENT 03/24-04/22/26TSUJIUCHI 04/22/26 256.80CAL CARD STATEMENT 03/24-04/22/26WATKINS 04/22/26 Total : 23,847.81
185243 5/26/2026 107274 U.S. TOW, INC. 02124 037-10475 TOWING SERVICES FOR BUS #2007 72.00 Total : 72.00
185244 5/26/2026 104692 ULINE 207426171 REC PROGRAM SUPPLIES 814.44 293.03PD PROGRAM SUPPLIES207694113
3,352.71AQUATICS PROGRAM SUPPLIES208134789
Total : 4,460.18
185245 5/26/2026 121275 UNDERGROUND SERVICE ALERT, OF SC 25-263575 CA STATE FEE FOR REGULATORY COSTS 49.29 143.30NEW TICKET CHARGES420260316
Total : 192.59
185246 5/26/2026 122050 VERIZON WIRELESS 6140739786 PW CELL PHONE SERVICE 725.24 1,122.98REC CELL PHONE SERVICE6141539536
Total : 1,848.22
185247 5/26/2026 107873 VERSATERM PUBLIC SAFETY US INC INV41-03960 ANNUAL SOFTWARE MAINTENANCE 2,679.02 Total : 2,679.02
185248 5/26/2026 101903 WATER TECHNIQUES 21647 DRINKING WATER SYSTEM RENTAL 45.00 Total : 45.00
185249 5/26/2026 110370 WESTERN COLLISION CENTER, INC 1177 035-01401 2026 CHEVY TAHOE #EN94N03 BODY REPAIRS 2,200.00 035-01401 1,850.002026 FORD INTRCPTR #EN48J19 BODY REPAIRS1178 035-01401 4,237.972024 DODGE DURANGO #1697553 BODY REPAIRS1179 035-01401 2,200.002026 CHEVY TAHOE #EP19A10 BODY REPAIRS1180 Total : 10,487.97
21Page:
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CITY OF GARDENA
22 10:04:40AM
Page:vchlist
Bank code : usb
Voucher Date Vendor Invoice PO # Description/Account Amount 185250 5/26/2026 113799 WESTHOME PROPERTY MANAGEMENT RA-BENNETT 06/2026 RENTAL ASSISTANCE PROGRAM 1,824.50 Total : 1,824.50
185251 5/26/2026 125001 YAMADA COMPANY, INC. 85473 PARK MAINT SUPPLIES 24.09 298.40STREET MAINT SUPPLIES85481
238.10PARK MAINT SUPPLIES85508
104.59PW MAINT SUPPLIES85510

69.72PW MAINT SUPPLIES85511
208.20PW MAINT SUPPLIES85512

10.47PW MAINT SUPPLIES85519

48.18PARK MAINT SUPPLIES85522

87.75PARK MAINT SUPPLIES85523
Total : 1,089.50
Bank total : 1,627,719.97 202 Vouchers for bank code : usb 1,627,719.97Total vouchers :Vouchers in this report 202 22Page:
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Voucher Date Vendor Invoice PO # Description/Account Amount

CLAIMS VOUCHER APPROVAL
I hereby certify that the demands or claims covered by the checks listed on pages _____ to _____ inclusive of the check register are accurate and funds are available for payment thereof.

By: __________________________________________
Director of
Administrative Services
This is to certify that the claims or demands covered by checks listed on pages _____ to _____ inclusive of the check register have been audited by the City Council of the City of Gardena and that all of the said checks are approved for payment except check numbers:
______________________________________________________
_________________________ __________
Mayor Date
_________________________ __________
Councilmember Date
_________________________ __________
Councilmember Date
Acknowledged:
_________________________ __________
Councilmember Date
_________________________ __________
Councilmember Date
23Page:
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CITY OF GARDENA

INVESTMENT REPORT
April 2026
Prepared by Danny Rodriguez, Revenue and Purchasing Manager Reviewed by Ray Beeman, Director of Administrative Services

MONTHLY ACCOUNT STATEMENT
City of Gardena Cons | Account #10647 | As of April 30, 2026 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:

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Average Modified Duration 1.55
Average Coupon 3.85%
Average Purchase YTM 4.01%
Average Market YTM 4.00%
Average Credit Quality* AA+
Average Final Maturity 1.80
Average Life 1.69
End Values as of
03/31/2026
End Values as of
04/30/2026
Market Value 97,840,731.33 98,059,544.99
Accrued Interest 599,603.24 585,958.16
Total Market Value 98,440,334.57 98,645,503.16
Income Earned 318,246.74 329,887.66
Cont/WD 0.00 0.00
Par 91,558,967.59 91,830,683.43
Book Value 97,951,788.10 98,258,334.01
Cost Value 97,759,702.59 98,056,726.80
United States 37.09%
California Asset Mgmt Program 13.90%
CalTrust 7.56%
Federal Home Loan Mortgage Corp 6.27%
LAIF 6.13%
International Bank for Recon and Dev 1.56%
Farm Credit System 1.47%
Federal Home Loan Banks 1.33%
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch.

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV) 100.0 6.3 Compliant
Max % Issuer (MV) 25.0 6.3 Compliant
Max Maturity (Years) 5.0 3.7 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 5.9 Compliant
Max % Issuer (MV) 5.0 0.7 Compliant
Max Maturity (Years) 5.0 5.0 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 & A- by 1) 0.0 0.0 Compliant

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

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 18.5 Compliant
Max % Issuer (MV) 5.0 0.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (MV) 5.0 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 2.8 Compliant
Max % Issuer (MV) 25.0 1.5 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 6.0 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV) 100.0 21.5 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.3 Compliant
Max % Issuer (MV) 20.0 0.3 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE-BACKED SECURITIES, CMOS (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

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
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

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 1.6 Compliant
Max % Issuer (MV) 10.0 1.6 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 37.1 Compliant
Max Maturity (Years) 5 4 Compliant
CONFIDENTIAL | 6
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 97,951,788.10 105,471,529.46
Maturities/Calls (400,000.00) (27,567,644.00)
Principal Paydowns (54,789.08) (1,143,219.17)
Purchases 2,687,882.65 101,269,940.17
Sales (1,901,214.33) (79,901,286.35)
Change in Cash, Payables, Receivables (38,549.78) (47,271.00) Amortization/Accretion 11,653.49 158,690.78
Realized Gain (Loss) 1,562.96 17,594.11
Ending Book Value 98,258,334.01 98,258,334.01
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 97,840,731.33 105,547,571.11
Maturities/Calls (400,000.00) (27,567,644.00)
Principal Paydowns (54,789.08) (1,143,219.17)
Purchases 2,687,882.65 101,269,940.17
Sales (1,901,214.33) (79,901,286.35)
Change in Cash, Payables, Receivables (38,549.78) (47,271.00) Amortization/Accretion 11,653.49 158,690.78
Change in Net Unrealized Gain (Loss) (87,732.25) (274,830.66) Realized Gain (Loss) 1,562.96 17,594.11
Ending Market Value 98,059,544.99 98,059,544.99
Maturities / Calls
Month to Date (400,000.00)
Fiscal Year to Date (27,567,644.00)
Principal Paydowns
Month to Date (54,789.08)
Fiscal Year to Date (1,143,219.17)
Purchases
Month to Date 2,687,882.65
Fiscal Year to Date 101,269,940.17
Sales
Month to Date (1,901,214.33)
Fiscal Year to Date (79,901,286.35)
Interest Received
Month to Date 326,916.17
Fiscal Year to Date 2,903,307.35
Purchased / Sold Interest
Month to Date 4,963.07
Fiscal Year to Date (265,323.51)
CONFIDENTIAL | 7
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 3,819.14 02/16/2023

5.09%
3,818.43
3,818.98
100.09

3.84%
3,822.71

5.35 0.00%

3.73 Aaa/NA
AAA

0.97 0.08
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027 15,458.91 10/12/2022

3.29%
15,457.71
15,458.65
100.05

4.65%
15,466.58

34.97 0.02%

7.93 Aaa/NA
AAA

1.13 0.08
58770AAC7 MBART 2023-1 A3 4.51
11/15/2027 12,369.27 01/18/2023

4.56%
12,367.78
12,368.81
100.11

3.83%
12,382.88

24.79 0.01%

14.07 NA/AAA
AAA

1.54 0.15
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 103,085.30 09/17/2024

4.24%
103,067.94
103,076.12
100.10

4.06%
103,190.03
193.80

0.11%
113.91
NA/AAA
AAA

1.80 0.49
362583AD8 GMCAR 2023-2 A3 4.47
02/16/2028 26,336.66 04/04/2023

4.51%
26,335.94
26,336.40
100.12

4.01%
26,368.19

49.05 0.03%

31.79 Aaa/AAA
NA

1.80 0.24
47787CAC7 JDOT 2023-C A3 5.48
05/15/2028 142,933.11 09/12/2023

5.55%
142,923.29
142,928.81
100.68

4.19%
143,898.77
348.12

0.15%
969.96
Aaa/NA
AAA

2.04 0.50
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 125,000.00 06/07/2023

4.92%
124,988.91
124,999.81
100.05

3.69%
125,058.50
270.56

0.13%

58.69 NA/AAA
AAA

0.04 0.04
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 155,000.00 05/20/2025

4.84%
154,997.43
154,998.23
100.44

4.08%
155,678.44
216.91

0.16%
680.21
NA/AAA
AAA

2.06 0.81
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028 155,000.00 08/05/2025

4.18%
154,976.44
154,982.01
100.07

4.14%
155,112.22
197.50

0.16%
130.21
NA/AAA
AAA

2.31 1.06
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 340,000.00 09/07/2023

5.23%
339,905.75
339,955.22
100.45

3.98%
341,523.54
779.73

0.35%
1,568.32
NA/AAA
AAA

2.38 0.36
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026 340,000.00 09/12/2023

5.29%
339,984.80
339,998.09
100.49

3.92%
341,679.94
790.31

0.35%
1,681.85
NA/AAA
AAA

0.38 0.36
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028 180,000.00 10/08/2025

4.32%
179,999.50
179,999.59

99.88 4.11%
179,782.38
119.10

0.18%
(217.21)
NA/AAA
AAA

2.41 1.13
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028 180,000.00 10/08/2025

4.32%
179,999.50
179,999.59

99.88 4.11%
179,782.38
119.10

0.18%
(217.21)
NA/AAA
AAA

2.41 1.13
36273VAD7 GMALT 2026-1 A3 3.88
01/22/2029 195,000.00 02/03/2026

4.11%
194,974.47
194,976.32

99.64 4.14%
194,296.44
231.18

0.20%
(679.88)
NA/AAA
AAA

2.73 1.55
44934QAD3 HART 2024-B A3 4.84
03/15/2029 85,659.75 07/16/2024

5.45%
85,646.83
85,651.75
100.59

3.96%
86,166.77
184.26

0.09%
515.02
NA/AAA
AAA

2.87 0.64
58770XAD5 MBALT 2025-B A3 3.88
04/16/2029 360,000.00 10/16/2025

4.57%
359,940.92
359,949.79

99.42 4.29%
357,899.76
620.80

0.36%
(2,050.03)
NA/AAA
AAA

2.96 1.54
448976AD2 HART 2024-C A3 4.41
05/15/2029 140,000.00 10/08/2024

4.46%
139,989.75
139,993.19
100.32

4.08%
140,441.28
274.40

0.14%
448.09
NA/AAA
AAA

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
05594YAD8 BMWLT 2026-1 A3 4.15
05/25/2029 160,000.00 04/14/2026

4.85%
159,982.32
159,982.46

99.84 4.27%
159,747.68
166.00

0.16%
(234.78)
Aaa/NA
AAA

3.07 1.82
05594YAD8 BMWLT 2026-1 A3 4.15
05/25/2029 160,000.00 04/14/2026

4.85%
159,982.32
159,982.46

99.84 4.27%
159,747.68
166.00

0.16%
(234.78)
Aaa/NA
AAA

3.07 1.82
89239TAD4 TAOT 2024-D A3 4.4 06/15/2029 105,000.00 10/10/2024

4.51%
104,994.14
104,996.07
100.29

4.04%
105,309.44
205.33

0.11%
313.36
Aaa/AAA
NA

3.13 0.74
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029 95,000.00 10/08/2024

4.32%
94,981.70
94,987.53
100.26

4.06%
95,245.86
174.17

0.10%
258.33
Aaa/AAA
NA

3.30 0.68
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 220,000.00 02/04/2025

4.56%
219,978.33
219,984.02
100.51

4.05%
221,125.08
167.20

0.23%
1,141.06
Aaa/AAA
NA

3.41 0.93
437921AD1 HAROT 252 A3 4.15 10/15/2029 105,000.00 04/29/2025

4.15%
104,988.27
104,990.86
100.02

4.17%
105,022.16
193.67

0.11%

31.29 Aaa/NA
AAA

3.46 1.23
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 95,000.00 01/13/2026

3.97%
94,981.16
94,982.45

99.34 4.32%
94,373.67
165.93

0.10%
(608.79)
Aaa/NA
AAA

3.71 1.87
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 100,000.00 01/13/2026

3.97%
99,980.17
99,981.53

99.34 4.32%
99,340.70
174.67

0.10%
(640.83)
Aaa/NA
AAA

3.71 1.87
92348KDY6 VZMT 2025-3 A1A 4.51
03/20/2030 255,000.00 03/25/2025

4.51%
254,989.04
254,991.43
100.39

4.33%
256,003.43
351.40

0.26%
1,011.99
Aaa/NA
AAA

3.89 0.85
34532BAG6 FORDO 2025-B A3 3.91
04/15/2030 170,000.00 09/23/2025

4.27%
169,981.66
169,984.06

99.56 4.23%
169,253.36
295.42

0.17%
(730.70)
Aaa/NA
AAA

3.96 1.51
89231GAD0 TAOT 2025-D A3 3.84
06/17/2030 220,000.00 10/15/2025

4.27%
219,974.70
219,977.53

99.47 4.21%
218,830.26
375.47

0.22%
(1,147.27)
NA/AAA
AAA

4.13 1.58
17305EHA6 CCCIT 2025-A1 A1 4.3
06/21/2030 265,000.00 06/18/2025

4.31%
264,928.11
264,940.31
100.27

4.16%
265,716.83
4,114.86

0.27%
776.52
Aaa/AAA
NA

4.14 1.99
17305EHA6 CCCIT 2025-A1 A1 4.3
06/21/2030 190,000.00 10/09/2025

3.90%
191,900.00
191,508.43
100.27

4.16%
190,513.95
2,950.28

0.19%
(994.48)
Aaa/AAA
NA

4.14 1.99
47787DAD3 JDOT 2026 A3 3.87 08/15/2030 120,000.00 03/10/2026

4.49%
119,978.74
119,979.32

99.00 4.36%
118,795.20
206.40

0.12%
(1,184.12)
Aaa/NA
AAA

4.29 2.21
89240KAD0 TAOT 2026-A A3 3.86
09/15/2030 145,000.00 01/13/2026

4.13%
144,987.65
144,988.38

99.35 4.27%
144,061.85
248.76

0.15%
(926.53)
Aaa/AAA
NA

4.38 1.72
43815CAD0 HAROT 2026-1 A3 3.78
09/23/2030 175,000.00 02/10/2026

3.03%
174,972.12
174,973.32

99.17 4.25%
173,555.20
183.75

0.18%
(1,418.12)
Aaa/NA
AAA

4.40 1.86
448981AD2 HART 2026-A A3 3.79
02/18/2031 230,000.00 02/10/2026

4.30%
229,984.48
229,985.09

99.16 4.23%
228,057.42
387.42

0.23%
(1,927.67)
NA/AAA
AAA

4.80 2.08
92970QAK1 WFCIT 2026-1 A 4.08
04/15/2031 125,000.00 04/21/2026

4.12%
124,982.48
124,982.52

99.72 4.22%
124,647.13

56.67 0.13%
(335.39)
Aaa/NA
NA

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
92970QAK1 WFCIT 2026-1 A 4.08
04/15/2031 255,000.00 04/21/2026

4.12%
254,964.25
254,964.33

99.72 4.22%
254,280.14
115.60

0.26%
(684.19)
Aaa/NA
NA

4.96 2.73
Total ABS 5,749,662.15 4.48%
5,750,887.04
5,750,653.46

99.94 4.15%
5,746,177.80
15,158.94

5.86%
(4,475.65)

3.15 1.32
AGENCY
3130B3A29 FEDERAL HOME LOAN BANKS 4.0
10/09/2026 600,000.00 10/21/2024

4.00%
599,994.00
599,998.65
100.10

3.76%
600,595.80
1,466.67

0.61%
597.15
Aa1/AA+
AA+

0.44 0.43
3133ERFJ5 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 05/20/2027 330,000.00 05/23/2024

4.79%
327,333.60
329,061.51
100.63

3.89%
332,064.15
6,641.25

0.34%
3,002.64
Aa1/AA+
AA+

1.05 1.00
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 700,000.00 03/21/2023

3.99%
715,799.00
705,910.48
101.11

3.87%
707,778.40
4,462.50

0.72%
1,867.92
Aa1/AA+
AA+

1.86 1.76
3133ERGL9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 06/07/2028 450,000.00 06/25/2024

4.44%
450,984.50
450,524.34
101.18

3.91%
455,287.50
8,100.00

0.46%
4,763.16
Aa1/AA+
AA+

2.10 1.96
3133EPN50 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 12/15/2028 650,000.00 12/28/2023

3.89%
660,575.50
655,593.99
100.81

3.92%
655,296.20
10,436.11

0.67%
(297.79)
Aa1/AA+
AA+

2.63 2.42
Total Agency 2,730,000.00 4.14%
2,754,686.60
2,741,088.97
100.77

3.87%
2,751,022.05
31,106.53

2.81%
9,933.08

1.68 1.57

AGENCY CMBS
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 316,283.09 02/06/2024

4.48%
307,115.83
314,158.23

99.50 3.93%
314,713.07
904.04

0.32%
554.83
Aa1/AA+
AAA

0.74 0.57
3137FTFK8 FHMS K-738 A2 1.545
01/25/2027 350,000.00 09/22/2025

3.84%
340,511.72
344,979.20

98.56 3.93%
344,971.55
450.63

0.35%
(7.65)
Aa1/AA+
AAA

0.74 0.56
3137F2LJ3 FHMS K-066 A2 3.117
06/25/2027 177,829.25 09/19/2025

3.85%
175,529.98
176,348.75

99.04 3.92%
176,121.03
461.91

0.18%
(227.72)
Aa1/AA+
AAA

1.15 0.97
3137FEBQ2 FHMS K-072 A2 3.444
12/25/2027 500,000.00 08/22/2023

4.98%
470,429.69
489,017.83

98.85 4.08%
494,269.00
1,435.00

0.50%
5,251.17
Aa1/AA+
AAA

1.65 1.50
3137FEBQ2 FHMS K-072 A2 3.444
12/25/2027 350,000.00 08/14/2025

4.01%
345,146.48
346,630.47

98.85 4.08%
345,988.30
1,004.50

0.35%
(642.17)
Aa1/AA+
AAA

1.65 1.50
3137FETN0 FHMS K-073 A2 3.35 01/25/2028 465,000.00 05/24/2023

4.34%
446,908.59
458,419.34

98.67 4.09%
458,815.97
1,298.13

0.47%
396.62
Aa1/AA+
AAA

1.74 1.55
3137FHPJ6 FHMS K-080 A2 3.926
07/25/2028 325,000.00 01/23/2024

4.45%
317,814.45
321,482.72

99.34 4.15%
322,848.50
1,063.29

0.33%
1,365.78
Aaa/AA+
AA+

2.24 2.08
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 155,000.00 09/15/2023

4.86%
148,436.72
151,960.28

99.29 4.14%
153,898.11
503.75

0.16%
1,937.82
Aa1/AA+
AAA

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
3137H4BY5 FHMS K-746 A2 2.031
09/25/2028 315,000.00 10/03/2023

5.30%
270,973.83
294,018.78

95.15 4.18%
299,712.74
533.14

0.31%
5,693.96
Aa1/AA+
AAA

2.41 2.25
3137FJXV6 FHMS K-083 A2 4.05 09/25/2028 297,000.00 12/07/2023

4.60%
289,783.83
293,427.47

99.55 4.17%
295,664.09
1,002.38

0.30%
2,236.62
Aa1/AA+
AAA

2.41 2.23
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 220,000.00 09/20/2024

3.81%
220,575.78
220,342.18

99.30 4.15%
218,464.18
718.67

0.22%
(1,878.00)
Aa1/AA+
AAA

2.41 2.18
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 460,000.00 07/25/2025

4.14%
456,334.38
457,227.25

99.30 4.15%
456,788.74
1,502.67

0.47%
(438.51)
Aa1/AA+
AAA

2.41 2.18
3137FJZ93 FHMS K-084 A2 3.78 10/25/2028 240,000.00 10/20/2023

5.40%
223,818.75
232,066.43

98.94 4.17%
237,459.84
756.00

0.24%
5,393.41
Aaa/AA+
AA+

2.49 2.27
3137FK4M5 FHMS K-085 A2 4.06 10/25/2028 350,000.00 07/23/2025

4.11%
348,865.23
349,135.97

99.56 4.17%
348,475.40
1,184.17

0.36%
(660.57)
Aaa/AA+
AA+

2.49 2.29
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028 338,450.29 07/23/2025

4.11%
334,470.86
335,372.91

98.88 4.17%
334,672.85
1,063.58

0.34%
(700.06)
Aa1/AAA
AA+

2.65 2.36
3137FLN91 FHMS K-091 A2 3.505
03/25/2029 350,000.00 07/23/2025

4.13%
342,384.77
343,992.56

98.13 4.17%
343,440.30
1,022.29

0.35%
(552.26)
Aa1/AAA
AA+

2.90 2.60
3137FMTY8 FHMS K-094 A2 2.903
06/25/2029 700,000.00 12/05/2025

3.87%
677,496.09
680,014.26

96.22 4.19%
673,536.50
1,693.42

0.69%
(6,477.76)
Aa1/AA+
AAA

3.15 2.88
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 350,000.00 07/14/2025

4.28%
318,609.38
324,159.10

92.62 4.22%
324,182.25
603.46

0.33%

23.15 Aa1/AA+
AAA

3.74 3.49
Total Agency CMBS 6,259,562.64 4.33%
6,035,206.36
6,132,753.73

98.19 4.12%
6,144,022.40
17,201.01

6.27%
11,268.66

2.23 2.02
CASH
CCYUSD Receivable 713.33 -- 713.33
713.33

1.00 713.33

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 18,814.31 -- 18,814.31
18,814.31

1.00 18,814.31

0.00 0.02%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 521.02 -- 521.02
521.02

1.00 521.02

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 20,048.66
20,048.66
20,048.66

1.00 20,048.66

0.00 0.02%

0.00 0.00

0.00 CORPORATE
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 300,000.00 09/19/2023

5.61%
299,277.00
299,925.79
100.34

4.33%
301,012.20
3,361.65

0.31%
1,086.41
Aa2/A+
AA

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
931142ER0 WALMART INC 1.05 09/17/2026 40,000.00 09/08/2021

1.09%
39,924.40
39,994.24

98.93 3.93%
39,571.08

51.33 0.04%
(423.16)
Aa2/AA
AA

0.38 0.37
63743HFK3

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.6 11/13/2026
390,000.00 11/14/2023

5.25%
393,666.00
390,569.58
100.73

4.21%
392,828.67
10,192.00

0.40%
2,259.09
A2/A-
A

0.54 0.43
89115A2V3 TORONTO-DOMINION BANK

5.264 12/11/2026 160,000.00 12/04/2023

5.26%
160,000.00
160,000.00
100.67

4.14%
161,064.48
3,275.38

0.16%
1,064.48
A2/A-
AA-

0.62 0.59
94988J6F9 WELLS FARGO BANK NA 5.254
12/11/2026 250,000.00 10/22/2025

3.76%
253,795.00
251,912.36
100.66

4.14%
251,653.50
5,108.06

0.26%
(258.86)
Aa2/A+
AA-

0.62 0.50
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027 150,000.00 01/10/2024

4.88%
149,962.50
149,991.00
100.56

4.06%
150,846.15
2,071.88

0.15%
855.15
A1/A
AA-

0.72 0.69
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027 170,000.00 02/21/2024

4.85%
169,779.00
169,939.31
100.60

4.04%
171,015.07
1,473.33

0.17%
1,075.76
A1/AA-
NA

0.83 0.71
857477CL5 STATE STREET CORP 4.993
03/18/2027 365,000.00 03/13/2024

4.99%
365,000.00
365,000.00
100.73

4.14%
367,663.41
2,176.81

0.37%
2,663.41
Aa3/A
AA-

0.88 0.77
89115A2W1 TORONTO-DOMINION BANK

4.98 04/05/2027 400,000.00 04/08/2024

5.21%
397,448.00
399,206.30
100.82

4.06%
403,288.00
1,438.67

0.41%
4,081.70
A2/A-
AA-

0.93 0.90
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 450,000.00 10/05/2022

4.70%
436,909.50
447,078.85

99.92 4.08%
449,650.35
8,550.00

0.46%
2,571.50
A2/A+
A+

1.03 0.98
14913UAL4 CATERPILLAR FINANCIAL
SERVICES CORP 5.0 05/14/2027 405,000.00 05/21/2024

4.93%
405,743.58
405,258.82
101.07

3.93%
409,340.79
9,393.75

0.42%
4,081.97
A1/A
A+

1.04 0.98
06051GGA1 BANK OF AMERICA CORP 3.248
10/21/2027 250,000.00 08/26/2025

4.01%
246,100.00
247,327.13

98.82 4.08%
247,048.25
225.56

0.25%
(278.88)
A1/A-
AA-

1.48 1.42
571748BY7

MARSH & MCLENNAN
COMPANIES INC 4.55
11/08/2027
250,000.00 09/12/2025

3.92%
253,065.00
252,136.95
100.45

4.24%
251,119.50
5,466.32

0.26%
(1,017.45)
A3/A-
A-

1.53 1.35
24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 280,000.00 01/06/2025

4.66%
279,916.00
279,952.66
100.91

4.08%
282,558.92
4,123.00

0.29%
2,606.26
A1/A
A+

1.69 1.58
808513AU9 CHARLES SCHWAB CORP 3.2
01/25/2028 250,000.00 09/18/2025

3.94%
245,890.00
246,963.01

98.46 4.13%
246,141.25
2,133.33

0.25%
(821.76)
A2/A-
A

1.74 1.65
06406RAF4 BANK OF NEW YORK MELLON
CORP 3.4 01/29/2028 250,000.00 09/18/2025

3.82%
247,665.00
248,271.77

98.87 4.07%
247,186.50
2,172.22

0.25%
(1,085.27)
Aa3/A
AA-

1.75 1.66
57636QAW4 MASTERCARD INC 4.875
03/09/2028 290,000.00 04/19/2023

4.17%
298,833.40
293,266.60
101.40

4.08%
294,062.90
2,042.08

0.30%
796.30
Aa3/A+
NA

1.86 1.67
64110LAS5 NETFLIX INC 4.875 04/15/2028 240,000.00 09/22/2025

3.88%
245,791.20
244,428.56
101.27

4.19%
243,047.76
520.00

0.25%
(1,380.80)
A3/A
NA

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
91159HHS2 US BANCORP 3.9 04/26/2028 250,000.00 09/12/2025

3.88%
250,102.50
250,077.13

99.46 4.19%
248,651.00
135.42

0.25%
(1,426.13)
A3/A
A

1.99 1.89
46647PDA1 JPMORGAN CHASE & CO 4.323
04/26/2028 250,000.00 09/22/2025

4.10%
250,835.00
250,518.28

99.95 4.79%
249,878.50
150.10

0.25%
(639.78)
A1/A
AA-

1.99 0.95
74456QBU9 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.7 05/01/2028 300,000.00 09/06/2023

5.10%
282,801.00
292,591.36

99.02 4.22%
297,056.40
5,550.00

0.30%
4,465.04
A1/A
NA

2.00 1.91
58933YBH7 MERCK & CO INC 4.05
05/17/2028 90,000.00 05/08/2023

4.07%
89,927.10
89,970.19
100.06

4.02%
90,056.61
1,660.50

0.09%

86.42 Aa3/A+
NA

2.05 1.91
009158BN5 AIR PRODUCTS AND CHEMICALS
INC 4.3 06/11/2028 240,000.00 07/17/2025

4.29%
240,043.20
240,031.14
100.21

4.19%
240,495.36
4,013.33

0.25%
464.22
A3/A
NA

2.11 1.89
87612EBU9 TARGET CORP 4.35 06/15/2028 250,000.00 09/18/2025

3.88%
252,955.00
252,271.90
100.46

4.12%
251,158.75
4,108.33

0.26%
(1,113.15)
A2/A
A

2.13 1.90
29379VCJ0 ENTERPRISE PRODUCTS
OPERATING LLC 4.3 06/20/2028 250,000.00 09/12/2025

3.94%
252,262.50
251,735.05
100.06

4.27%
250,160.25
3,911.81

0.26%
(1,574.80)
A3/A-
A-

2.14 1.99
61776NVE0 MORGAN STANLEY PRIVATE
BANK NA 4.466 07/06/2028 250,000.00 08/05/2025

4.30%
250,737.50
250,454.74

99.99 4.45%
249,963.00
3,566.60

0.25%
(491.74)
Aa3/A+
AA-

2.18 1.12
61776NVE0 MORGAN STANLEY PRIVATE
BANK NA 4.466 07/06/2028 250,000.00 08/05/2025

4.30%
250,737.50
250,454.74

99.99 4.45%
249,963.00
3,566.60

0.25%
(491.74)
Aa3/A+
AA-

2.18 1.12
14913UBB5 CATERPILLAR FINANCIAL
SERVICES CORP 4.1 08/15/2028 250,000.00 08/12/2025

4.05%
250,322.50
250,246.29
100.04

4.08%
250,109.25
2,163.89

0.26%
(137.04)
A1/A
A+

2.29 2.15
63743HFJ6

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.05 09/15/2028
240,000.00 07/14/2025

4.40%
244,425.60
243,286.80
101.55

4.35%
243,718.32
1,548.67

0.25%
431.52
A2/A-
A

2.38 2.13
532457DB1 ELI LILLY AND CO 4.0 10/15/2028 250,000.00 09/12/2025

3.89%
250,767.50
250,607.84

99.81 4.08%
249,532.75
444.44

0.25%
(1,075.09)
Aa3/AA-
NA

2.46 2.31
532457DB1 ELI LILLY AND CO 4.0 10/15/2028 250,000.00 09/12/2025

3.89%
250,767.50
250,607.84

99.81 4.08%
249,532.75
444.44

0.25%
(1,075.09)
Aa3/AA-
NA

2.46 2.31
00287YBF5 ABBVIE INC 4.25 11/14/2028 250,000.00 09/18/2025

3.89%
252,420.00
251,908.60
100.19

4.17%
250,473.50
4,928.82

0.26%
(1,435.10)
A2/A-
NA

2.54 2.12
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 350,000.00 02/13/2025

4.77%
343,563.50
345,547.08

99.88 4.29%
349,583.85
4,379.86

0.36%
4,036.77
A2/A+
A

2.71 2.50
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 410,000.00 01/24/2024

4.64%
409,331.70
409,632.01
101.20

4.13%
414,931.48
4,767.39

0.42%
5,299.47
A1/A+
NA

2.76 2.53
009158BH8 AIR PRODUCTS AND CHEMICALS
INC 4.6 02/08/2029 250,000.00 09/18/2025

3.95%
254,982.50
254,057.83
100.70

4.33%
251,760.75
2,651.39

0.26%
(2,297.08)
A3/A
NA

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
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 275,000.00 03/17/2026

4.05%
272,362.75
272,469.50

98.63 4.21%
271,236.90
1,469.72

0.28%
(1,232.60)
Aa3/A+
NA

2.86 2.67
693475AW5 PNC FINANCIAL SERVICES
GROUP INC 3.45 04/23/2029 250,000.00 07/16/2025

4.34%
242,315.00
243,923.49

97.68 4.29%
244,193.00
191.67

0.25%
269.51
A3/A-
A

2.98 2.79
693475AW5 PNC FINANCIAL SERVICES
GROUP INC 3.45 04/23/2029 250,000.00 07/16/2025

4.34%
242,315.00
243,923.49

97.68 4.29%
244,193.00
191.67

0.25%
269.51
A3/A-
A

2.98 2.79
74456QBY1 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.2 05/15/2029 250,000.00 07/14/2025

4.40%
239,555.00
241,718.61

96.94 4.28%
242,350.50
3,688.89

0.25%
631.89
A1/A
NA

3.04 2.81
89236TMF9 TOYOTA MOTOR CREDIT CORP

5.05 05/16/2029 400,000.00 06/25/2024

4.88%
402,872.00
401,787.56
102.07

4.31%
408,294.80
9,258.33

0.42%
6,507.24
A1/A+
A+

3.04 2.74
341081GT8 FLORIDA POWER & LIGHT CO

5.15 06/15/2029 330,000.00 09/19/2024

4.03%
345,331.80
339,927.06
102.49

4.29%
338,225.91
6,420.33

0.34%
(1,701.15)
Aa2/A+
AA-

3.13 2.67
437076DC3 HOME DEPOT INC 4.75
06/25/2029 295,000.00 --

4.74%
295,110.25
295,071.66
101.55

4.22%
299,567.78
4,904.38

0.31%
4,496.12
A2/A
A

3.15 2.79
713448FX1 PEPSICO INC 4.5 07/17/2029 295,000.00 07/15/2024

4.53%
294,542.75
294,706.27
100.86

4.21%
297,522.25
3,835.00

0.30%
2,815.98
A1/A+
NA

3.21 2.86
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 285,000.00 07/21/2025

4.35%
285,000.00
285,000.00

99.81 4.45%
284,456.22
3,478.99

0.29%
(543.78)
A2/A-
A

3.22 2.07
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 290,000.00 07/21/2025

4.35%
290,000.00
290,000.00

99.81 4.45%
289,446.68
3,540.02

0.30%
(553.32)
A2/A-
A

3.22 2.07
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 250,000.00 08/14/2025

4.14%
254,592.50
253,760.71
100.90

4.35%
252,256.00
2,454.17

0.26%
(1,504.71)
A2/A
A

3.29 2.92
26444HAH4 DUKE ENERGY FLORIDA LLC 2.5
12/01/2029 450,000.00 12/16/2024

4.72%
406,363.50
418,417.78

93.84 4.38%
422,273.70
4,687.50

0.43%
3,855.92
A1/A
NA

3.59 3.33
023135CQ7 AMAZON.COM INC 4.65
12/01/2029 250,000.00 09/18/2025

3.88%
257,150.00
256,062.70
101.25

4.27%
253,116.75
4,843.75

0.26%
(2,945.95)
A1/AA
AA-

3.59 3.07
06406RCG0 BANK OF NEW YORK MELLON
CORP 4.026 01/22/2030 245,000.00 01/14/2026

4.05%
245,060.00
245,054.58

98.96 4.38%
242,446.12
2,712.52

0.25%
(2,608.46)
Aa3/A
AA-

3.73 2.52
95000U4D2 WELLS FARGO & CO 4.182
01/23/2030 250,000.00 01/16/2026

4.21%
249,812.50
249,825.08

99.12 4.49%
247,788.75
2,846.08

0.25%
(2,036.33)
A1/BBB+
A+

3.73 2.52
17275RBX9 CISCO SYSTEMS INC 4.75
02/24/2030 250,000.00 08/21/2025

4.24%
255,120.00
254,321.58
101.59

4.29%
253,962.75
2,210.07

0.26%
(358.83)
A1/AA-
NA

3.82 3.36
12572QAL9 CME GROUP INC 4.4 03/15/2030 250,000.00 07/16/2025

4.39%
250,047.50
250,039.33
100.30

4.31%
250,746.50
1,405.56

0.26%
707.17
Aa3/AA-
AA-

3.87 3.44
743315AW3 PROGRESSIVE CORP 3.2
03/26/2030 300,000.00 02/24/2026

4.00%
291,039.00
291,429.92

95.73 4.40%
287,178.30
933.33

0.29%
(4,251.62)
A2/A
A

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
743315AW3 PROGRESSIVE CORP 3.2
03/26/2030 250,000.00 09/12/2025

4.03%
241,522.50
242,691.81

95.73 4.40%
239,315.25
777.78

0.24%
(3,376.56)
A2/A
A

3.90 3.60
857477DB6 STATE STREET CORP 4.834
04/24/2030 240,000.00 07/14/2025

4.54%
242,992.80
242,486.14
101.49

4.42%
243,572.40
225.59

0.25%
1,086.26
Aa3/A
AA-

3.98 3.52
931142FN8 WALMART INC 4.35 04/28/2030 310,000.00 04/23/2025

4.39%
309,463.70
309,571.78
100.85

4.12%
312,621.98
112.38

0.32%
3,050.20
Aa2/AA
AA

3.99 3.56
09247XAQ4 BLACKROCK FINANCE INC 2.4
04/30/2030 275,000.00 09/18/2025

4.04%
256,214.75
258,713.50

93.02 4.32%
255,794.55

18.33 0.26%
(2,918.95)
Aa3/AA-
NA

4.00 3.75
665859AV6 NORTHERN TRUST CORP 1.95
05/01/2030 275,000.00 12/22/2025

4.11%
251,545.25
253,448.18

91.22 4.37%
250,861.05
2,681.25

0.26%
(2,587.13)
A2/A+
A+

4.00 3.78
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 250,000.00 09/18/2025

4.03%
255,457.50
254,734.99
100.83

4.32%
252,080.25
5,466.32

0.26%
(2,654.74)
A1/A+
NA

4.02 3.56
89236TNJ0 TOYOTA MOTOR CREDIT CORP

4.8 05/15/2030 240,000.00 07/15/2025

4.58%
242,239.20
241,872.35
101.30

4.45%
243,109.20
5,312.00

0.25%
1,236.85
A1/A+
A+

4.04 3.56
747525BU6 QUALCOMM INC 4.5 05/20/2030 250,000.00 09/18/2025

4.03%
254,890.00
254,235.66
100.51

4.36%
251,286.75
5,031.25

0.26%
(2,948.91)
A2/A
NA

4.05 3.53
24422EYE3 JOHN DEERE CAPITAL CORP 4.55
06/05/2030 250,000.00 08/25/2025

4.25%
253,152.50
252,704.21
100.65

4.37%
251,615.75
4,613.19

0.26%
(1,088.46)
A1/A
A+

4.10 3.64
26444HAJ0 DUKE ENERGY FLORIDA LLC 1.75
06/15/2030 275,000.00 07/14/2025

4.56%
241,290.50
246,733.57

89.74 4.50%
246,798.48
1,818.06

0.25%

64.90 A1/A
NA

4.13 3.87
74464AAC5 PUBLIC STORAGE OPERATING CO

4.375 07/01/2030 215,000.00 07/17/2025

4.58%
213,052.10
213,361.14
100.01

4.37%
215,016.77
3,135.42

0.22%
1,655.63
A2/A
NA

4.17 3.72
713448GH5 PEPSICO INC 4.3 07/23/2030 250,000.00 08/12/2025

4.28%
250,205.00
250,174.86
100.38

4.20%
250,946.50
2,926.39

0.26%
771.64
A1/A+
NA

4.23 3.72
437076DJ8 HOME DEPOT INC 3.95
09/15/2030 250,000.00 09/09/2025

4.02%
249,225.00
249,321.77

98.74 4.27%
246,858.00
1,261.81

0.25%
(2,463.77)
A2/A
A

4.38 3.95
58933YBQ7 MERCK & CO INC 4.15
09/15/2030 250,000.00 09/12/2025

4.03%
251,332.50
251,163.25

99.48 4.28%
248,690.50
1,325.69

0.25%
(2,472.75)
Aa3/A+
NA

4.38 3.94
92826CAZ5 VISA INC 4.1 02/12/2031 235,000.00 02/03/2026

4.13%
234,685.10
234,698.55

99.72 4.16%
234,337.54
2,114.35

0.24%
(361.02)
Aa3/AA-
NA

4.79 4.26
Total Corporate 18,250,000.00 4.37%
18,131,605.63
18,158,572.82

99.61 4.25%
18,168,285.17
207,658.72

18.53%
9,712.35

2.67 2.33
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 6,010,813.81 --

3.81%
6,010,813.81
6,010,813.81

1.00 3.81%
6,010,813.81

0.00 6.13%

0.00 NA/NA
NA

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 LAIF 6,010,813.81 3.81%
6,010,813.81
6,010,813.81

1.00 3.81%
6,010,813.81

0.00 6.13%

0.00 0.00

0.00 LOCAL GOV

INVESTMENT
POOL
09CATR$05 CalTrust MTF 753,104.68 --

3.86%
7,551,580.84
7,551,580.84

9.85 3.86%
7,418,081.05

0.00 7.56%
(133,499.79)
NA/AAAm
NA

0.00 0.00
90CAMP$00 CAMP 3,634,513.20 --

3.78%
3,634,513.20
3,634,513.20

1.00 3.78%
3,634,513.20

0.00 3.71%

0.00 NA/AAAm
NA

0.00 0.00
90CAMP$06 CAMP 10,000,000.00 --

4.17%
10,000,000.00
10,000,000.00

1.00 4.17%
10,000,000.00

0.00 10.20%

0.00 NA/AAAm
NA

0.00 0.00
Total Local Gov
Investment Pool 14,387,617.88 3.99%
21,186,094.04
21,186,094.04

4.12 3.99%
21,052,594.25

0.00 21.47%
(133,499.79)

0.00 0.00

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 104,158.89 --

3.27%
104,158.89
104,158.89

1.00 3.27%
104,158.89

0.00 0.11%

0.00 Aaa/
AAAm
AAA

0.00 0.00
31846V203 FIRST AMER:GVT OBLG Y 163,819.41 --

3.27%
163,819.41
163,819.41

1.00 3.27%
163,819.41

0.00 0.17%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 267,978.30 3.27%
267,978.30
267,978.30

1.00 3.27%
267,978.30

0.00 0.27%

0.00 0.00

0.00 SUPRANATIONAL
459058LK7

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.0 08/27/2026
170,000.00 08/20/2024

4.06%
169,802.80
169,968.12
100.03

3.87%
170,057.46
1,208.89

0.17%

89.34 Aaa/AAA
NA

0.33 0.32
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
250,000.00 11/28/2023

4.53%
239,372.50
244,938.39

99.12 3.92%
247,798.75
2,649.31

0.25%
2,860.36
Aaa/AAA
NA

2.20 2.07
459058KW2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.625 08/01/2028
250,000.00 --

4.97%
246,407.00
248,309.06
101.50

3.92%
253,752.25
2,890.63

0.26%
5,443.19
Aaa/AAA
NA

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
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
300,000.00 10/08/2024

3.93%
299,217.00
299,457.99

99.69 3.97%
299,061.30
483.00

0.30%
(396.69)
Aaa/AAA
NA

3.46 3.20
459058KQ5

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 02/14/2030
350,000.00 10/09/2025

3.75%
351,711.50
351,492.71

99.61 3.99%
348,630.10
2,900.87

0.36%
(2,862.61)
Aaa/AAA
NA

3.79 3.46
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
205,000.00 03/14/2025

4.20%
204,268.15
204,431.27
100.48

3.99%
205,980.11
963.07

0.21%
1,548.83
Aaa/AAA
NA

3.89 3.54
Total
Supranational 1,525,000.00 4.21%
1,510,778.95
1,518,597.54
100.02

3.95%
1,525,279.97
11,095.76

1.56%
6,682.42

2.84 2.62

US TREASURY
912828R36 UNITED STATES TREASURY 1.625
05/15/2026 250,000.00 10/14/2021

0.99%
257,148.44
250,059.82

99.92 3.70%
249,797.25
1,874.14

0.25%
(262.57)
Aa1/AA+
AA+

0.04 0.04
91282CHB0 UNITED STATES TREASURY 3.625
05/15/2026 300,000.00 03/28/2025

4.06%
298,558.59
299,950.78

99.99 3.70%
299,984.40
5,016.92

0.31%

33.62 Aa1/AA+
AA+

0.04 0.04
91282CHH7 UNITED STATES TREASURY 4.125
06/15/2026 475,000.00 08/26/2024

3.94%
476,502.93
475,102.94
100.05

3.65%
475,246.05
7,374.57

0.48%
143.11
Aa1/AA+
AA+

0.13 0.12
91282CHM6 UNITED STATES TREASURY 4.5
07/15/2026 500,000.00 09/16/2025

3.74%
503,046.88
500,759.19
100.16

3.67%
500,808.50
6,588.40

0.51%

49.31 Aa1/AA+
AA+

0.21 0.21
912828YG9 UNITED STATES TREASURY 1.625
09/30/2026 300,000.00 12/28/2021

1.24%
305,296.88
300,463.78

99.13 3.74%
297,396.30
412.91

0.30%
(3,067.48)
Aa1/AA+
AA+

0.42 0.41
91282CJC6 UNITED STATES TREASURY 4.625
10/15/2026 475,000.00 08/26/2024

3.84%
482,514.65
476,610.97
100.43

3.66%
477,036.33
960.38

0.49%
425.35
Aa1/AA+
AA+

0.46 0.45
912828U24 UNITED STATES TREASURY 2.0
11/15/2026 625,000.00 03/29/2022

2.55%
609,912.11
623,233.35

99.08 3.73%
619,272.50
5,766.57

0.63%
(3,960.85)
Aa1/AA+
AA+

0.54 0.52
91282CJP7 UNITED STATES TREASURY 4.375
12/15/2026 300,000.00 12/27/2023

4.02%
302,906.25
300,611.84
100.41

3.70%
301,231.80
4,939.90

0.31%
619.96
Aa1/AA+
AA+

0.63 0.60
912828V98 UNITED STATES TREASURY 2.25
02/15/2027 700,000.00 12/16/2025

3.51%
690,019.53
693,189.80

98.84 3.75%
691,865.30
3,263.12

0.71%
(1,324.50)
Aa1/AA+
AA+

0.80 0.77
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 750,000.00 --

2.90%
736,449.21
747,427.06

98.88 3.75%
741,609.75
1,588.11

0.76%
(5,817.31)
Aa1/AA+
AA+

0.92 0.89
912828X88 UNITED STATES TREASURY 2.375
05/15/2027 350,000.00 06/09/2022

3.08%
338,666.02
347,613.57

98.56 3.80%
344,955.10
3,834.77

0.35%
(2,658.47)
Aa1/AA+
AA+

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
91282CNE7 UNITED STATES TREASURY 3.875
05/31/2027 700,000.00 09/25/2025

3.70%
701,996.09
701,288.33
100.07

3.80%
700,519.40
11,326.92

0.71%
(768.93)
Aa1/AA+
AA+

1.08 1.03
91282CNL1 UNITED STATES TREASURY 3.75
06/30/2027 800,000.00 03/30/2026

3.82%
799,281.25
799,330.11

99.92 3.82%
799,344.00
10,027.62

0.82%

13.89 Aa1/AA+
AA+

1.17 1.12
91282CNL1 UNITED STATES TREASURY 3.75
06/30/2027 700,000.00 07/30/2025

3.91%
697,894.53
698,719.85

99.92 3.82%
699,426.00
8,774.17

0.71%
706.15
Aa1/AA+
AA+

1.17 1.12
91282CKZ3 UNITED STATES TREASURY 4.375
07/15/2027 1,000,000.00 11/18/2024

4.29%
1,002,070.31
1,000,941.05
100.63

3.83%
1,006,289.00
12,810.77

1.03%
5,347.95
Aa1/AA+
AA+

1.21 1.15
91282CNP2 UNITED STATES TREASURY 3.875
07/31/2027 700,000.00 09/25/2025

3.69%
702,296.88
701,556.28
100.03

3.85%
700,191.10
6,743.78

0.71%
(1,365.18)
Aa1/AA+
AA+

1.25 1.20
91282CLG4 UNITED STATES TREASURY 3.75
08/15/2027 700,000.00 09/12/2025

3.57%
702,242.19
701,510.83

99.86 3.86%
699,015.80
5,438.54

0.71%
(2,495.03)
Aa1/AA+
AA+

1.29 1.24
91282CLG4 UNITED STATES TREASURY 3.75
08/15/2027 700,000.00 09/25/2025

3.68%
700,902.34
700,617.74

99.86 3.86%
699,015.80
5,438.54

0.71%
(1,601.94)
Aa1/AA+
AA+

1.29 1.24
91282CLL3 UNITED STATES TREASURY 3.375
09/15/2027 700,000.00 09/25/2025

3.66%
696,226.56
697,365.41

99.36 3.85%
695,543.10
3,017.32

0.71%
(1,822.31)
Aa1/AA+
AA+

1.38 1.32
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 570,000.00 10/26/2022

4.19%
568,419.14
569,545.69
100.35

3.87%
571,981.89
1,991.50

0.58%
2,436.20
Aa1/AA+
AA+

1.42 1.36
91282CLQ2 UNITED STATES TREASURY 3.875
10/15/2027 700,000.00 09/16/2025

3.51%
705,003.91
703,511.98
100.00

3.87%
700,000.00
1,185.79

0.71%
(3,511.98)
Aa1/AA+
AA+

1.46 1.40
91282CLQ2 UNITED STATES TREASURY 3.875
10/15/2027 400,000.00 07/30/2025

3.88%
399,937.50
399,958.75
100.00

3.87%
400,000.00
677.60

0.41%

41.25 Aa1/AA+
AA+

1.46 1.40
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027 800,000.00 12/20/2022

3.84%
743,625.00
782,268.65

97.58 3.88%
780,656.00
8,303.87

0.80%
(1,612.65)
Aa1/AA+
AA+

1.54 1.48
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027 700,000.00 09/25/2025

3.66%
679,875.00
685,473.88

97.58 3.88%
683,074.00
7,265.88

0.70%
(2,399.88)
Aa1/AA+
AA+

1.54 1.48
91282CMB4 UNITED STATES TREASURY 4.0
12/15/2027 700,000.00 09/25/2025

3.64%
705,222.66
703,823.50
100.18

3.88%
701,257.90
10,538.46

0.72%
(2,565.60)
Aa1/AA+
AA+

1.63 1.54
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 500,000.00 05/25/2023

3.98%
497,890.63
499,235.35

99.98 3.89%
499,883.00
6,476.17

0.51%
647.65
Aa1/AA+
AA+

1.67 1.58
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 700,000.00 07/30/2025

3.87%
693,847.66
695,692.02

99.35 3.89%
695,433.90
6,091.16

0.71%
(258.12)
Aa1/AA+
AA+

1.76 1.67
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 700,000.00 09/25/2025

3.66%
685,507.81
689,114.24

98.04 3.89%
686,301.00
3,988.26

0.70%
(2,813.24)
Aa1/AA+
AA+

1.80 1.72
91282CMS7 UNITED STATES TREASURY 3.875
03/15/2028 700,000.00 09/25/2025

3.64%
703,773.44
702,864.63

99.97 3.89%
699,808.90
3,464.33

0.71%
(3,055.73)
Aa1/AA+
AA+

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
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 600,000.00 01/10/2025

4.46%
585,117.19
591,118.53

99.51 3.89%
597,046.80
1,842.21

0.61%
5,928.27
Aa1/AA+
AA+

1.92 1.83
91282CMW8 UNITED STATES TREASURY 3.75
04/15/2028 700,000.00 09/25/2025

3.66%
701,531.25
701,174.73

99.73 3.89%
698,113.50
1,147.54

0.71%
(3,061.23)
Aa1/AA+
AA+

1.96 1.87
91282CND9 UNITED STATES TREASURY 3.75
05/15/2028 700,000.00 07/30/2025

3.86%
698,031.25
698,560.63

99.72 3.89%
698,058.90
12,109.81

0.71%
(501.73)
Aa1/AA+
AA+

2.04 1.91
91282CNM9 UNITED STATES TREASURY 3.875
07/15/2028 700,000.00 07/30/2025

3.86%
700,300.78
700,224.47

99.96 3.89%
699,699.00
7,942.68

0.71%
(525.47)
Aa1/AA+
AA+

2.21 2.07
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 400,000.00 04/10/2025

3.89%
389,765.63
392,764.28

98.12 3.91%
392,484.40
5,766.57

0.40%
(279.88)
Aa1/AA+
AA+

2.54 2.38
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 700,000.00 07/30/2025

3.87%
683,949.22
687,605.01

98.12 3.91%
686,847.70
10,091.51

0.70%
(757.31)
Aa1/AA+
AA+

2.54 2.38
91282CPT2 UNITED STATES TREASURY 3.5
01/15/2029 500,000.00 01/16/2026

3.66%
497,753.91
497,961.84

98.96 3.91%
494,804.50
5,124.31

0.50%
(3,157.34)
Aa1/AA+
AA+

2.71 2.53
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 700,000.00 07/30/2025

3.88%
702,789.06
702,192.03
100.22

3.91%
701,558.90
6,961.33

0.72%
(633.13)
Aa1/AA+
AA+

2.76 2.56
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 700,000.00 07/30/2025

3.88%
705,742.19
704,567.16
100.57

3.92%
703,964.80
2,445.70

0.72%
(602.36)
Aa1/AA+
AA+

2.92 2.72
91282CQJ3 UNITED STATES TREASURY 3.875
04/15/2029 425,000.00 04/16/2026

3.79%
426,062.50
426,048.90

99.90 3.91%
424,568.20
719.95

0.43%
(1,480.70)
Aa1/AA+
AA+

2.96 2.76
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 380,000.00 06/25/2025

3.82%
390,835.94
388,451.11
101.98

3.92%
387,511.08

47.76 0.40%
(940.03)
Aa1/AA+
AA+

3.00 2.78
91282CEV9 UNITED STATES TREASURY 3.25
06/30/2029 700,000.00 07/30/2025

3.90%
683,675.78
686,803.64

98.01 3.92%
686,054.60
7,604.28

0.70%
(749.04)
Aa1/AA+
AA+

3.17 2.94
912828YB0 UNITED STATES TREASURY 1.625
08/15/2029 150,000.00 09/24/2024

3.49%
137,542.97
141,611.57

92.98 3.92%
139,464.90
505.01

0.14%
(2,146.67)
Aa1/AA+
AA+

3.29 3.14
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 700,000.00 07/30/2025

3.90%
692,671.88
694,017.66

99.01 3.94%
693,081.90
4,275.14

0.71%
(935.76)
Aa1/AA+
AA+

3.34 3.09
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 700,000.00 07/30/2025

3.91%
702,488.28
702,049.27
100.15

3.95%
701,066.10

76.09 0.71%
(983.17)
Aa1/AA+
AA+

3.50 3.23
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 200,000.00 12/17/2024

4.25%
198,929.69
199,225.09
100.56

3.95%
201,125.00
3,445.05

0.21%
1,899.91
Aa1/AA+
AA+

3.59 3.25
91282CGB1 UNITED STATES TREASURY 3.875
12/31/2029 700,000.00 07/30/2025

3.91%
698,878.91
699,069.23

99.70 3.96%
697,894.40
9,066.64

0.71%
(1,174.83)
Aa1/AA+
AA+

3.67 3.34
912828Z94 UNITED STATES TREASURY 1.5
02/15/2030 400,000.00 02/24/2026

3.52%
370,234.38
371,567.78

91.43 3.96%
365,703.20
1,243.09

0.37%
(5,864.58)
Aa1/AA+
AA+

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
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 380,000.00 06/25/2025

3.86%
382,315.63
381,896.70
100.11

3.97%
380,400.90
2,560.87

0.39%
(1,495.80)
Aa1/AA+
AA+

3.83 3.50
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 700,000.00 07/30/2025

3.91%
702,460.94
702,057.89
100.11

3.97%
700,738.50
4,717.39

0.71%
(1,319.39)
Aa1/AA+
AA+

3.83 3.50
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030 250,000.00 03/28/2025

4.02%
249,804.69
249,847.05
100.09

3.97%
250,234.50
846.99

0.26%
387.45
Aa1/AA+
AA+

3.92 3.58
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 400,000.00 05/22/2025

4.11%
395,906.25
396,685.04

99.62 3.98%
398,468.80

42.12 0.41%
1,783.76
Aa1/AA+
AA+

4.00 3.67
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 700,000.00 07/30/2025

3.93%
698,195.31
698,480.48

99.62 3.98%
697,320.40

73.71 0.71%
(1,160.08)
Aa1/AA+
AA+

4.00 3.67
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 700,000.00 07/30/2025

3.95%
693,847.66
694,802.75

99.12 3.98%
693,847.70
10,961.54

0.71%
(955.05)
Aa1/AA+
AA+

4.08 3.69
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 700,000.00 07/15/2025

4.05%
694,667.97
695,519.33

99.57 3.99%
696,992.10
9,066.64

0.71%
1,472.77
Aa1/AA+
AA+

4.17 3.76
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 200,000.00 08/28/2025

3.71%
201,492.19
201,288.75

99.54 3.99%
199,086.00
1,926.80

0.20%
(2,202.75)
Aa1/AA+
AA+

4.25 3.85
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 700,000.00 07/30/2025

3.95%
697,675.78
698,024.54

99.54 3.99%
696,801.00
6,743.78

0.71%
(1,223.54)
Aa1/AA+
AA+

4.25 3.85
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 350,000.00 10/23/2025

3.58%
350,724.61
350,648.61

98.48 4.00%
344,695.40
1,074.62

0.35%
(5,953.21)
Aa1/AA+
AA+

4.42 4.02
91282CPD7 UNITED STATES TREASURY 3.625
10/31/2030 550,000.00 11/17/2025

3.72%
547,636.72
547,851.09

98.45 4.01%
541,470.60

54.18 0.55%
(6,380.49)
Aa1/AA+
AA+

4.50 4.10
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 700,000.00 12/05/2025

3.71%
693,519.53
694,032.83

97.89 4.01%
685,234.20
10,230.77

0.70%
(8,798.63)
Aa1/AA+
AA+

4.59 4.12
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 250,000.00 12/22/2025

3.71%
247,607.42
247,778.60

97.89 4.01%
244,726.50
3,653.85

0.25%
(3,052.10)
Aa1/AA+
AA+

4.59 4.12
91282CPR6 UNITED STATES TREASURY 3.625
12/31/2030 250,000.00 01/27/2026

3.81%
247,968.75
248,073.81

98.36 4.01%
245,908.25
3,029.18

0.25%
(2,165.56)
Aa1/AA+
AA+

4.67 4.20
91282CPW5 UNITED STATES TREASURY 3.75
01/31/2031 350,000.00 02/25/2026

3.60%
352,269.53
352,188.84

98.86 4.02%
346,007.90
3,263.12

0.35%
(6,180.94)
Aa1/AA+
AA+

4.76 4.27
91282CQD6 UNITED STATES TREASURY 3.5
02/28/2031 700,000.00 03/25/2026

3.97%
685,425.78
685,717.26

97.77 4.01%
684,359.20
4,127.72

0.70%
(1,358.06)
Aa1/AA+
AA+

4.83 4.37
91282CQD6 UNITED STATES TREASURY 3.5
02/28/2031 700,000.00 03/05/2026

3.72%
692,972.66
693,188.89

97.77 4.01%
684,359.20
4,127.72

0.70%
(8,829.69)
Aa1/AA+
AA+

4.83 4.37
91282CQG9 UNITED STATES TREASURY 3.875
03/31/2031 500,000.00 04/17/2026

3.84%
500,800.78
500,795.90

99.34 4.02%
496,679.50
1,641.05

0.51%
(4,116.40)
Aa1/AA+
AA+

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 US Treasury 36,630,000.00 3.75%
36,388,627.40
36,471,732.68

99.32 3.89%
36,373,322.60
303,737.21

37.09%
(98,410.09)

2.41 2.23
Total Portfolio 91,830,683.43 4.01%
98,056,726.80
98,258,334.01

72.63 4.00%
98,059,544.99
585,958.16
100.00%
(198,789.02)

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

ACQUISITIONS
Purchase 04/02/2026 31846V203 929.82 FIRST AMER:GVT OBLG Y 1.000 3.27% (929.82) 0.00 (929.82) 0.00
Purchase 04/02/2026 31846V203 492.61 FIRST AMER:GVT OBLG Y 1.000 3.27% (492.61) 0.00 (492.61) 0.00
Purchase 04/06/2026 31846V203 9,960.00 FIRST AMER:GVT OBLG Y 1.000 3.27% (9,960.00) 0.00 (9,960.00) 0.00
Purchase 04/09/2026 31846V203 12,000.00 FIRST AMER:GVT OBLG Y 1.000 3.25% (12,000.00) 0.00 (12,000.00) 0.00
Purchase 04/15/2026 90LAIF$00 58,331.86
Local Agency
Investment Fund State
Pool

1.000 3.81% (58,331.86) 0.00 (58,331.86) 0.00
Purchase 04/15/2026 31846V203 3,630.56 FIRST AMER:GVT OBLG Y 1.000 3.27% (3,630.56) 0.00 (3,630.56) 0.00
Purchase 04/15/2026 31846V203 487,194.99 FIRST AMER:GVT OBLG Y 1.000 3.27% (487,194.99) 0.00 (487,194.99) 0.00
Purchase 04/15/2026 31846V203 348.30 FIRST AMER:GVT OBLG Y 1.000 3.27% (348.30) 0.00 (348.30) 0.00
Purchase 04/15/2026 31846V203 43,007.54 FIRST AMER:GVT OBLG Y 1.000 3.27% (43,007.54) 0.00 (43,007.54) 0.00
Purchase 04/16/2026 31846V203 5,812.50 FIRST AMER:GVT OBLG Y 1.000 3.30% (5,812.50) 0.00 (5,812.50) 0.00
Purchase 04/16/2026 31846V203 5,363.16 FIRST AMER:GVT OBLG Y 1.000 3.30% (5,363.16) 0.00 (5,363.16) 0.00
Purchase 04/17/2026 91282CQJ3 425,000.00

UNITED STATES
TREASURY 3.875
04/15/2029
100.250 3.79% (426,062.50) (89.99) (426,152.49) 0.00
Purchase 04/20/2026 91282CQG9 500,000.00

UNITED STATES
TREASURY 3.875
03/31/2031
100.160 3.84% (500,800.78) (1,058.74) (501,859.52) 0.00 Purchase 04/20/2026 31846V203 1,549.95 FIRST AMER:GVT OBLG Y 1.000 3.27% (1,549.95) 0.00 (1,549.95) 0.00
Purchase 04/20/2026 31846V203 6,212.23 FIRST AMER:GVT OBLG Y 1.000 3.27% (6,212.23) 0.00 (6,212.23) 0.00
CONFIDENTIAL | 22
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Purchase 04/21/2026 31846V203 2,977.81 FIRST AMER:GVT OBLG Y 1.000 3.26% (2,977.81) 0.00 (2,977.81) 0.00
Purchase 04/21/2026 31846V203 551.25 FIRST AMER:GVT OBLG Y 1.000 3.26% (551.25) 0.00 (551.25) 0.00
Purchase 04/21/2026 31846V203 4,060.00 FIRST AMER:GVT OBLG Y 1.000 3.26% (4,060.00) 0.00 (4,060.00) 0.00
Purchase 04/22/2026 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 99.989 4.85% (159,982.32) 0.00 (159,982.32) 0.00 Purchase 04/22/2026 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 99.989 4.85% (159,982.32) 0.00 (159,982.32) 0.00 Purchase 04/23/2026 31846V203 4,312.50 FIRST AMER:GVT OBLG Y 1.000 3.27% (4,312.50) 0.00 (4,312.50) 0.00
Purchase 04/23/2026 31846V203 304,918.16 FIRST AMER:GVT OBLG Y 1.000 3.27% (304,918.16) 0.00 (304,918.16) 0.00
Purchase 04/24/2026 31846V203 5,800.80 FIRST AMER:GVT OBLG Y 1.000 3.28% (5,800.80) 0.00 (5,800.80) 0.00
Purchase 04/27/2026 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 99.986 4.12% (124,982.48) 0.00 (124,982.48) 0.00 Purchase 04/27/2026 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 99.986 4.12% (254,964.25) 0.00 (254,964.25) 0.00 Purchase 04/27/2026 31846V203 1,063.29 FIRST AMER:GVT OBLG Y 1.000 3.28% (1,063.29) 0.00 (1,063.29) 0.00
Purchase 04/28/2026 31846V203 7,246.25 FIRST AMER:GVT OBLG Y 1.000 3.29% (7,246.25) 0.00 (7,246.25) 0.00
Purchase 04/28/2026 31846V203 1,625.90 FIRST AMER:GVT OBLG Y 1.000 3.29% (1,625.90) 0.00 (1,625.90) 0.00
Purchase 04/28/2026 31846V203 1,447.99 FIRST AMER:GVT OBLG Y 1.000 3.29% (1,447.99) 0.00 (1,447.99) 0.00
Purchase 04/30/2026 09CATR$05 2,399.49 CalTrust MTF 9.850 3.86% (23,634.99) 0.00 (23,634.99) 0.00 Purchase 04/30/2026 90CAMP$00 11,266.79 CAMP 1.000 3.78% (11,266.79) 0.00 (11,266.79) 0.00 Purchase 04/30/2026 31846V203 8,787.50 FIRST AMER:GVT OBLG Y 1.000 3.27% (8,787.50) 0.00 (8,787.50) 0.00
CONFIDENTIAL | 23
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Purchase 04/30/2026 31846V203 17,718.75 FIRST AMER:GVT OBLG Y 1.000 3.27% (17,718.75) 0.00 (17,718.75) 0.00
Purchase 04/30/2026 31846V203 30,862.50 FIRST AMER:GVT OBLG Y 1.000 3.27% (30,862.50) 0.00 (30,862.50) 0.00
Total Purchase 2,664,872.50 (2,687,882.65) (1,148.73) (2,689,031.38) 0.00 TOTAL
ACQUISITIONS 2,664,872.50 (2,687,882.65) (1,148.73) (2,689,031.38) 0.00

DISPOSITIONS
Maturity 04/15/2026 91282CGV7 (400,000.00)

UNITED STATES
TREASURY 3.75
04/15/2026
100.000 4.21% 400,000.00 0.00 400,000.00 0.00
Total Maturity (400,000.00) 400,000.00 0.00 400,000.00 0.00 Sale 04/17/2026 31846V203 (426,152.49) FIRST AMER:GVT OBLG Y 1.000 3.29% 426,152.49 0.00 426,152.49 0.00
Sale 04/20/2026 91282CMP3 (250,000.00)

UNITED STATES
TREASURY 4.125
02/28/2027
100.359 3.97% 250,898.44 (1,429.18) 252,327.62 574.26
Sale 04/20/2026 91282CMY4 (250,000.00)

UNITED STATES
TREASURY 3.75
04/30/2027
100.059 3.93% 250,146.48 (4,428.52) 254,575.00 605.68
Sale 04/22/2026 31846V203 (159,982.32) FIRST AMER:GVT OBLG Y 1.000 3.26% 159,982.32 0.00 159,982.32 0.00
Sale 04/22/2026 31846V203 (159,982.32) FIRST AMER:GVT OBLG Y 1.000 3.26% 159,982.32 0.00 159,982.32 0.00
Sale 04/23/2026 91282CLQ2 (300,000.00)

UNITED STATES
TREASURY 3.875
10/15/2027
100.117 3.88% 300,351.56 (254.10) 300,605.66 382.96
Sale 04/27/2026 31846V203 (117,807.67) FIRST AMER:GVT OBLG Y 1.000 3.28% 117,807.67 0.00 117,807.67 0.00
Sale 04/27/2026 31846V203 (235,893.05) FIRST AMER:GVT OBLG Y 1.000 3.28% 235,893.05 0.00 235,893.05 0.00
Total Sale (1,899,817.85) 1,901,214.33 (6,111.80) 1,907,326.13 1,562.90 CONFIDENTIAL | 24
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
TOTAL
DISPOSITIONS (2,299,817.85) 2,301,214.33 (6,111.80) 2,307,326.13 1,562.90 OTHER

TRANSACTIONS
Coupon 04/01/2026 3137FJZ93 0.00 FHMS K-084 A2 3.78
10/25/2028 5.40% 756.00 0.00 756.00 0.00
Coupon 04/01/2026 3137H4BY5 0.00 FHMS K-746 A2 2.031
09/25/2028 5.30% 533.14 0.00 533.14 0.00
Coupon 04/01/2026 3137FEBQ2 0.00 FHMS K-072 A2 3.444
12/25/2027 4.98% 1,435.00 0.00 1,435.00 0.00
Coupon 04/01/2026 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.86% 503.75 0.00 503.75 0.00
Coupon 04/01/2026 3137FJXV6 0.00 FHMS K-083 A2 4.05
09/25/2028 4.60% 1,002.38 0.00 1,002.38 0.00
Coupon 04/01/2026 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.48% 906.10 0.00 906.10 0.00
Coupon 04/01/2026 3137FHPJ6 0.00 FHMS K-080 A2 3.926
07/25/2028 4.45% 1,063.29 0.00 1,063.29 0.00
Coupon 04/01/2026 3137FETN0 0.00 FHMS K-073 A2 3.35
01/25/2028 4.34% 1,298.12 0.00 1,298.12 0.00
Coupon 04/01/2026 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 4.28% 603.46 0.00 603.46 0.00
Coupon 04/01/2026 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 4.14% 1,502.67 0.00 1,502.67 0.00
Coupon 04/01/2026 3137FLN91 0.00 FHMS K-091 A2 3.505
03/25/2029 4.13% 1,022.29 0.00 1,022.29 0.00
Coupon 04/01/2026 3137FK4M5 0.00 FHMS K-085 A2 4.06
10/25/2028 4.11% 1,184.17 0.00 1,184.17 0.00
Coupon 04/01/2026 3137FKUP9 0.00 FHMS K-087 A2 3.771
12/25/2028 4.11% 1,064.78 0.00 1,064.78 0.00
Coupon 04/01/2026 3137FEBQ2 0.00 FHMS K-072 A2 3.444
12/25/2027 4.01% 1,004.50 0.00 1,004.50 0.00
CONFIDENTIAL | 25
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/01/2026 3137FMTY8 0.00 FHMS K-094 A2 2.903
06/25/2029 3.87% 1,693.42 0.00 1,693.42 0.00
Coupon 04/01/2026 3137F2LJ3 0.00 FHMS K-066 A2 3.117
06/25/2027 3.85% 462.62 0.00 462.62 0.00
Coupon 04/01/2026 3137FTFK8 0.00 FHMS K-738 A2 1.545
01/25/2027 3.84% 450.63 0.00 450.63 0.00
Coupon 04/01/2026 3137FJKE8 0.00 FHMS K-082 A2 3.92
09/25/2028 3.81% 718.67 0.00 718.67 0.00
Coupon 04/05/2026 89115A2W1 0.00 TORONTO-DOMINION
BANK 4.98 04/05/2027 5.21% 9,960.00 0.00 9,960.00 0.00
Coupon 04/09/2026 3130B3A29 0.00 FEDERAL HOME LOAN
BANKS 4.0 10/09/2026 4.00% 12,000.00 0.00 12,000.00 0.00 Coupon 04/15/2026 47787CAC7 0.00 JDOT 2023-C A3 5.48
05/15/2028 5.55% 720.48 0.00 720.48 0.00
Coupon 04/15/2026 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 363.00 0.00 363.00 0.00
Coupon 04/15/2026 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2026 5.29% 1,481.83 0.00 1,481.83 0.00
Coupon 04/15/2026 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 1,462.00 0.00 1,462.00 0.00
Coupon 04/15/2026 448979AD6 0.00 HART 2023-A A3 4.58
04/15/2027 5.14% 13.55 0.00 13.55 0.00
Coupon 04/15/2026 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.92% 507.29 0.00 507.29 0.00
Coupon 04/15/2026 58770XAD5 0.00 MBALT 2025-B A3 3.88
04/16/2029 4.57% 1,164.00 0.00 1,164.00 0.00
Coupon 04/15/2026 58770AAC7 0.00 MBART 2023-1 A3 4.51
11/15/2027 4.56% 59.98 0.00 59.98 0.00
Coupon 04/15/2026 89239TAD4 0.00 TAOT 2024-D A3 4.4
06/15/2029 4.51% 385.00 0.00 385.00 0.00
Coupon 04/15/2026 47787DAD3 0.00 JDOT 2026 A3 3.87
08/15/2030 4.49% 348.30 0.00 348.30 0.00
Coupon 04/15/2026 448976AD2 0.00 HART 2024-C A3 4.41
05/15/2029 4.46% 514.50 0.00 514.50 0.00
CONFIDENTIAL | 26
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/15/2026 448981AD2 0.00 HART 2026-A A3 3.79
02/18/2031 4.30% 726.42 0.00 726.42 0.00
Coupon 04/15/2026 89231GAD0 0.00 TAOT 2025-D A3 3.84
06/17/2030 4.27% 704.00 0.00 704.00 0.00
Coupon 04/15/2026 34532BAG6 0.00 FORDO 2025-B A3 3.91
04/15/2030 4.27% 553.92 0.00 553.92 0.00
Coupon 04/15/2026 58769GAD5 0.00 MBALT 2024-B A3 4.23
02/15/2028 4.24% 402.86 0.00 402.86 0.00
Coupon 04/15/2026 91282CGV7 0.00

UNITED STATES
TREASURY 3.75
04/15/2026

4.21% 7,500.00 0.00 7,500.00 0.00
Coupon 04/15/2026 437921AD1 0.00 HAROT 252 A3 4.15
10/15/2029 4.15% 363.12 0.00 363.12 0.00
Coupon 04/15/2026 89240KAD0 0.00 TAOT 2026-A A3 3.86
09/15/2030 4.13% 466.42 0.00 466.42 0.00
Coupon 04/15/2026 58770YAD3 0.00 MBALT 2026-A A3 3.93
01/15/2030 3.97% 311.13 0.00 311.13 0.00
Coupon 04/15/2026 58770YAD3 0.00 MBALT 2026-A A3 3.93
01/15/2030 3.97% 327.50 0.00 327.50 0.00
Coupon 04/15/2026 532457DB1 0.00 ELI LILLY AND CO 4.0
10/15/2028 3.89% 6,527.78 0.00 6,527.78 0.00
Coupon 04/15/2026 532457DB1 0.00 ELI LILLY AND CO 4.0
10/15/2028 3.89% 6,527.78 0.00 6,527.78 0.00
Coupon 04/15/2026 91282CLQ2 0.00

UNITED STATES
TREASURY 3.875
10/15/2027

3.88% 13,562.50 0.00 13,562.50 0.00
Coupon 04/15/2026 64110LAS5 0.00 NETFLIX INC 4.875
04/15/2028 3.88% 5,850.00 0.00 5,850.00 0.00
Coupon 04/15/2026 91282CJC6 0.00

UNITED STATES
TREASURY 4.625
10/15/2026

3.84% 10,984.38 0.00 10,984.38 0.00
Coupon 04/15/2026 47800AAC4 0.00 JDOT 2022-B A3 3.74
02/16/2027 3.77% 0.25 0.00 0.25 0.00
CONFIDENTIAL | 27
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/15/2026 91282CMW8 0.00

UNITED STATES
TREASURY 3.75
04/15/2028

3.66% 13,125.00 0.00 13,125.00 0.00
Coupon 04/15/2026 91282CLQ2 0.00

UNITED STATES
TREASURY 3.875
10/15/2027

3.51% 13,562.50 0.00 13,562.50 0.00
Coupon 04/15/2026 47800BAC2 0.00 JDOT 2022-C A3 5.09
06/15/2027 3.29% 99.38 0.00 99.38 0.00
Coupon 04/16/2026 362583AD8 0.00 GMCAR 2023-2 A3 4.47
02/16/2028 4.51% 116.35 0.00 116.35 0.00
Coupon 04/16/2026 38014AAD3 0.00 GMCAR 2024-4 A3 4.4
08/16/2029 4.32% 348.33 0.00 348.33 0.00
Coupon 04/16/2026 459058LN1 0.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 3.875
10/16/2029

3.93% 5,814.00 0.00 5,814.00 0.00
Coupon 04/20/2026 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.84% 591.58 0.00 591.58 0.00
Coupon 04/20/2026 92348KDY6 0.00 VZMT 2025-3 A1A 4.51
03/20/2030 4.51% 958.37 0.00 958.37 0.00
Coupon 04/20/2026 379965AD8 0.00 GMALT 2025-3 A3 4.17
08/21/2028 4.18% 538.63 0.00 538.63 0.00
Coupon 04/20/2026 36273VAD7 0.00 GMALT 2026-1 A3 3.88
01/22/2029 4.11% 630.50 0.00 630.50 0.00
Coupon 04/21/2026 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 28.43 0.00 28.43 0.00
Coupon 04/21/2026 06051GGA1 0.00

BANK OF AMERICA
CORP 3.248
10/21/2027

4.01% 4,060.00 0.00 4,060.00 0.00
Coupon 04/21/2026 43815CAD0 0.00 HAROT 2026-1 A3 3.78
09/23/2030 3.03% 551.25 0.00 551.25 0.00
Coupon 04/23/2026 693475AW5 0.00

PNC FINANCIAL

SERVICES GROUP INC

3.45 04/23/2029

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 04/23/2026 693475AW5 0.00

PNC FINANCIAL

SERVICES GROUP INC

3.45 04/23/2029

4.34% 4,312.50 0.00 4,312.50 0.00
Coupon 04/24/2026 857477DB6 0.00 STATE STREET CORP

4.834 04/24/2030 4.54% 5,800.80 0.00 5,800.80 0.00
Coupon 04/25/2026 096924AD7 0.00 BMWOT 2025-A A3

4.56 09/25/2029 4.56% 836.00 0.00 836.00 0.00
Coupon 04/25/2026 05594HAD5 0.00 BMWLT 2025-2 A3 3.97
09/25/2028 4.32% 595.50 0.00 595.50 0.00
Coupon 04/25/2026 05594HAD5 0.00 BMWLT 2025-2 A3 3.97
09/25/2028 4.32% 595.50 0.00 595.50 0.00
Coupon 04/26/2026 46647PDA1 0.00 JPMORGAN CHASE &
CO 4.323 04/26/2028 4.10% 5,403.75 0.00 5,403.75 0.00
Coupon 04/26/2026 91159HHS2 0.00 US BANCORP 3.9
04/26/2028 3.88% 4,875.00 0.00 4,875.00 0.00
Coupon 04/28/2026 931142FN8 0.00 WALMART INC 4.35
04/28/2030 4.39% 6,742.50 0.00 6,742.50 0.00
Coupon 04/30/2026 91282CMZ1 0.00

UNITED STATES
TREASURY 3.875
04/30/2030

4.11% 7,750.00 0.00 7,750.00 0.00
Coupon 04/30/2026 09247XAQ4 0.00 BLACKROCK FINANCE
INC 2.4 04/30/2030 4.04% 3,300.00 0.00 3,300.00 0.00
Coupon 04/30/2026 91282CMZ1 0.00

UNITED STATES
TREASURY 3.875
04/30/2030

3.93% 13,562.50 0.00 13,562.50 0.00
Coupon 04/30/2026 91282CFT3 0.00

UNITED STATES
TREASURY 4.0
10/31/2029

3.91% 14,000.00 0.00 14,000.00 0.00
Coupon 04/30/2026 91282CKP5 0.00

UNITED STATES
TREASURY 4.625
04/30/2029

3.82% 8,787.50 0.00 8,787.50 0.00
Coupon 04/30/2026 91282CPD7 0.00

UNITED STATES
TREASURY 3.625
10/31/2030

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Coupon 0.00 232,260.10 0.00 232,260.10 0.00
Dividend 04/15/2026 90LAIF$00 0.00
Local Agency
Investment Fund State
Pool

3.81% 1,155.85 0.00 1,155.85 0.00
Dividend 04/30/2026 09CATR$05 0.00 CalTrust MTF 3.86% 23,634.99 0.00 23,634.99 0.00 Dividend 04/30/2026 90CAMP$00 0.00 CAMP 3.78% 11,266.79 0.00 11,266.79 0.00 Dividend 04/30/2026 31846V203 0.00 FIRST AMER:GVT OBLG
Y 3.27% 1,234.35 0.00 1,234.35 0.00
Total Dividend 0.00 37,291.98 0.00 37,291.98 0.00
Principal Paydown 04/01/2026 3137BVZ82 719.80 FHMS K-063 A2 3.43 01/25/2027 4.48% 719.80 -- 719.80 0.01
Principal Paydown 04/01/2026 3137FKUP9 383.21 FHMS K-087 A2 3.771 12/25/2028 4.11% 383.21 -- 383.21 0.01
Principal Paydown 04/01/2026 3137F2LJ3 273.19 FHMS K-066 A2 3.117 06/25/2027 3.85% 273.19 -- 273.19 0.00
Principal Paydown 04/15/2026 47787CAC7 14,836.44 JDOT 2023-C A3 5.48 05/15/2028 5.55% 14,836.44 -- 14,836.44 0.01
Principal Paydown 04/15/2026 44934QAD3 4,340.25 HART 2024-B A3 4.84 03/15/2029 5.45% 4,340.25 -- 4,340.25 0.00
Principal Paydown 04/15/2026 448979AD6 3,549.87 HART 2023-A A3 4.58 04/15/2027 5.14% 3,549.87 -- 3,549.87 0.02
Principal Paydown 04/15/2026 58770AAC7 3,588.72 MBART 2023-1 A3 4.51 11/15/2027 4.56% 3,588.72 -- 3,588.72 0.00
Principal Paydown 04/15/2026 58769GAD5 11,200.94 MBALT 2024-B A3 4.23 02/15/2028 4.24% 11,200.94 -- 11,200.94 0.00
Principal Paydown 04/15/2026 47800AAC4 80.44 JDOT 2022-B A3 3.74 02/16/2027 3.77% 80.44 -- 80.44 0.01
Principal Paydown 04/15/2026 47800BAC2 7,969.86 JDOT 2022-C A3 5.09 06/15/2027 3.29% 7,969.86 -- 7,969.86 0.00
Principal Paydown 04/16/2026 362583AD8 4,896.98 GMCAR 2023-2 A3 4.47 02/16/2028 4.51% 4,896.98 -- 4,896.98 (0.00)
Principal Paydown 04/21/2026 43815JAC7 2,949.38 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 2,949.38 -- 2,949.38 0.00
CONFIDENTIAL | 30
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Principal
Paydown 54,789.08 54,789.08 -- 54,789.08 0.05

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
31846V203
267,978.30
399,921.79
967,874.36
(1,099,817.85)
267,978.30

0.00 1,422.43

0.00 0.00

0.00 1,422.43
1,422.43
Total 267,978.30
399,921.79
967,874.36
(1,099,817.85)
267,978.30

0.00 1,422.43

0.00 0.00

0.00 1,422.43 1,422.43

CASH & EQUIVALENTS
CCYUSD Receivable
20,048.66
58,598.44

0.00 0.00
20,048.66

0.00 0.00

0.00 Total Cash & Equivalents 20,048.66
58,598.44

0.00 0.00
20,048.66

0.00 0.00

0.00 0.00 0.00

FIXED INCOME
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029
03/17/2026
03/18/2026
275,000.00
272,396.72

0.00 0.00
272,469.50
621.81

0.00 1,469.72
847.92

72.79 0.00

72.79 920.70
920.70
00287YBF5 ABBVIE INC 4.25 11/14/2028
09/18/2025
09/19/2025
250,000.00
251,977.09

0.00 0.00
251,908.60
4,043.40

0.00 4,928.82
885.42

0.00 (68.49)
(68.49)
816.93
816.93
009158BH8

AIR PRODUCTS AND
CHEMICALS INC 4.6
02/08/2029
09/18/2025
09/19/2025
250,000.00
254,181.67

0.00 0.00
254,057.83
1,693.06

0.00 2,651.39
958.33

0.00 (123.84)
(123.84)
834.49
834.49
009158BN5

AIR PRODUCTS AND
CHEMICALS INC 4.3
06/11/2028
07/17/2025
07/18/2025
240,000.00
240,032.40

0.00 0.00
240,031.14
3,153.33

0.00 4,013.33
860.00

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
023135CQ7 AMAZON.COM INC 4.65
12/01/2029
09/18/2025
09/19/2025
250,000.00
256,208.32

0.00 0.00
256,062.70
3,875.00

0.00 4,843.75
968.75

0.00 (145.62)
(145.62)
823.13
823.13
025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029
07/21/2025
07/25/2025
575,000.00
575,000.00

0.00 0.00
575,000.00
4,934.15

0.00 7,019.01
2,084.85

0.00 0.00

0.00 2,084.85
2,084.85
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026
06/07/2023
06/14/2023
125,000.00
124,999.41

0.00 0.00
124,999.81
270.56
507.29
270.56
507.29

0.40 0.00

0.40 507.69
507.69
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026
09/12/2023
09/19/2023
340,000.00
339,997.67

0.00 0.00
339,998.09
790.31
1,481.83
790.31
1,481.83

0.42 0.00

0.42 1,482.25
1,482.25
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028
10/08/2025
10/15/2025
360,000.00
359,999.16

0.00 0.00
359,999.19
238.20
1,191.00
238.20
1,191.00

0.03 0.00

0.03 1,191.03
1,191.03
05594YAD8 BMWLT 2026-1 A3 4.15
05/25/2029
04/14/2026
04/22/2026
320,000.00

0.00 319,964.64

0.00 319,964.92

0.00 0.00
332.00
332.00

0.28 0.00

0.28 332.28
332.28
06051GGA1 BANK OF AMERICA CORP

3.248 10/21/2027
08/26/2025
08/27/2025
250,000.00
247,178.09

0.00 0.00
247,327.13
3,608.89
4,060.00
225.56
676.67
149.04

0.00 149.04
825.71
825.71
06406RAF4 BANK OF NEW YORK MELLON
CORP 3.4 01/29/2028
09/18/2025
09/19/2025
250,000.00
248,190.51

0.00 0.00
248,271.77
1,463.89

0.00 2,172.22
708.33

81.26 0.00

81.26 789.60
789.60
06406RCG0 BANK OF NEW YORK MELLON
CORP 4.026 01/22/2030
01/14/2026
01/22/2026
245,000.00
245,056.22

0.00 0.00
245,054.58
1,890.54

0.00 2,712.52
821.98

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
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026
09/19/2023
09/21/2023
300,000.00
299,905.37

0.00 0.00
299,925.79
1,980.15

0.00 3,361.65
1,381.50

20.42 0.00

20.42 1,401.92
1,401.92
09247XAQ4 BLACKROCK FINANCE INC 2.4
04/30/2030
09/18/2025
09/19/2025
275,000.00
258,378.85

0.00 0.00
258,713.50
2,768.33
3,300.00

18.33 550.00
334.65

0.00 334.65
884.65
884.65
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
220,000.00
219,983.64

0.00 0.00
219,984.02
167.20
836.00
167.20
836.00

0.39 0.00

0.39 836.39
836.39
12572QAL9 CME GROUP INC 4.4
03/15/2030
07/16/2025
07/17/2025
250,000.00
250,040.18

0.00 0.00
250,039.33
488.89

0.00 1,405.56
916.67

0.00 (0.85)
(0.85)
915.82
915.82
14913UAL4

CATERPILLAR FINANCIAL
SERVICES CORP 5.0
05/14/2027
05/21/2024
05/23/2024
405,000.00
405,279.36

0.00 0.00
405,258.82
7,706.25

0.00 9,393.75
1,687.50

0.00 (20.54)
(20.54)
1,666.96
1,666.96
14913UBB5

CATERPILLAR FINANCIAL
SERVICES CORP 4.1
08/15/2028
08/12/2025
08/15/2025
250,000.00
250,255.12

0.00 0.00
250,246.29
1,309.72

0.00 2,163.89
854.17

0.00 (8.83)
(8.83)
845.34
845.34
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
340,000.00
339,953.67

0.00 0.00
339,955.22
779.73
1,462.00
779.73
1,462.00

1.55 0.00

1.55 1,463.55
1,463.55
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
08/14/2025
08/15/2025
250,000.00
253,857.06

0.00 0.00
253,760.71
1,485.42

0.00 2,454.17
968.75

0.00 (96.35)
(96.35)
872.40
872.40
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027
02/21/2024
02/26/2024
170,000.00
169,933.26

0.00 0.00
169,939.31
793.33

0.00 1,473.33
680.00

6.05 0.00

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
17275RBX9 CISCO SYSTEMS INC 4.75
02/24/2030
08/21/2025
08/22/2025
250,000.00
254,416.63

0.00 0.00
254,321.58
1,220.49

0.00 2,210.07
989.58

0.00 (95.05)
(95.05)
894.53
894.53
17305EHA6 CCCIT 2025-A1 A1 4.3
06/21/2030 455,000.00
456,505.42

0.00 0.00
456,448.74
5,434.72

0.00 7,065.14
1,630.42

1.18 (57.87)
(56.68)
1,573.73
1,573.73
24422EXZ7 JOHN DEERE CAPITAL CORP

4.65 01/07/2028
01/06/2025
01/09/2025
280,000.00
279,950.35

0.00 0.00
279,952.66
3,038.00

0.00 4,123.00
1,085.00

2.31 0.00

2.31 1,087.31
1,087.31
24422EYE3 JOHN DEERE CAPITAL CORP

4.55 06/05/2030
08/25/2025
08/26/2025
250,000.00
252,758.44

0.00 0.00
252,704.21
3,665.28

0.00 4,613.19
947.92

0.00 (54.23)
(54.23)
893.69
893.69
26444HAH4 DUKE ENERGY FLORIDA LLC

2.5 12/01/2029
12/16/2024
12/17/2024
450,000.00
417,694.52

0.00 0.00
418,417.78
3,750.00

0.00 4,687.50
937.50
723.26

0.00 723.26
1,660.76
1,660.76
26444HAJ0 DUKE ENERGY FLORIDA LLC

1.75 06/15/2030
07/14/2025
07/15/2025
275,000.00
246,170.49

0.00 0.00
246,733.57
1,417.01

0.00 1,818.06
401.04
563.08

0.00 563.08
964.12
964.12
29379VCJ0

ENTERPRISE PRODUCTS
OPERATING LLC 4.3
06/20/2028
09/12/2025
09/15/2025
250,000.00
251,804.45

0.00 0.00
251,735.05
3,015.97

0.00 3,911.81
895.83

0.00 (69.40)
(69.40)
826.43
826.43
3130ATS57 FEDERAL HOME LOAN BANKS

4.5 03/10/2028
03/21/2023
03/22/2023
700,000.00
706,171.62

0.00 0.00
705,910.48
1,837.50

0.00 4,462.50
2,625.00

0.00 (261.14)
(261.14)
2,363.86
2,363.86
3130B3A29 FEDERAL HOME LOAN BANKS

4.0 10/09/2026
10/21/2024
10/22/2024
600,000.00
599,998.40

0.00 0.00
599,998.65
11,466.67
12,000.00
1,466.67
2,000.00

0.25 0.00

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.25
12/15/2028
12/28/2023
12/29/2023
650,000.00
655,768.98

0.00 0.00
655,593.99
8,134.03

0.00 10,436.11
2,302.08

0.00 (174.99)
(174.99)
2,127.09
2,127.09
3133ERFJ5

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
05/20/2027
05/23/2024
05/24/2024
330,000.00
328,988.19

0.00 0.00
329,061.51
5,403.75

0.00 6,641.25
1,237.50

73.32 0.00

73.32 1,310.82
1,310.82
3133ERGL9

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
06/07/2028
06/25/2024
06/26/2024
450,000.00
450,544.82

0.00 0.00
450,524.34
6,412.50

0.00 8,100.00
1,687.50

0.00 (20.48)
(20.48)
1,667.02
1,667.02
3137BVZ82 FHMS K-063 A2 3.43
01/25/2027
02/06/2024
02/09/2024
316,283.09
314,612.41

0.00 (719.79)
314,158.23
906.10
906.10
904.04
904.04
265.62

0.00 265.62
1,169.66
1,169.66
3137F2LJ3 FHMS K-066 A2 3.117
06/25/2027
09/19/2025
09/24/2025
177,829.25
176,507.33

0.00 (273.19)
176,348.75
462.62
462.62
461.91
461.91
114.61

0.00 114.61
576.52
576.52
3137FEBQ2 FHMS K-072 A2 3.444
12/25/2027 850,000.00
834,904.68

0.00 0.00
835,648.30
2,439.50
2,439.50
2,439.50
2,439.50
743.61

0.00 743.61
3,183.11
3,183.11
3137FETN0 FHMS K-073 A2 3.35
01/25/2028
05/24/2023
05/30/2023
465,000.00
458,095.71

0.00 0.00
458,419.34
1,298.13
1,298.12
1,298.13
1,298.12
323.64

0.00 323.64
1,621.76
1,621.76
3137FHPJ6 FHMS K-080 A2 3.926
07/25/2028
01/23/2024
01/26/2024
325,000.00
321,349.49

0.00 0.00
321,482.72
1,063.29
1,063.29
1,063.29
1,063.29
133.23

0.00 133.23
1,196.52
1,196.52
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
09/15/2023
09/20/2023
155,000.00
151,849.48

0.00 0.00
151,960.28
503.75
503.75
503.75
503.75
110.80

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
3137FJKE8 FHMS K-082 A2 3.92
09/25/2028 680,000.00
677,484.05

0.00 0.00
677,569.43
2,221.33
2,221.34
2,221.33
2,221.34

97.40 (12.02)

85.38 2,306.72
2,306.72
3137FJXV6 FHMS K-083 A2 4.05
09/25/2028
12/07/2023
12/12/2023
297,000.00
293,301.97

0.00 0.00
293,427.47
1,002.38
1,002.38
1,002.38
1,002.38
125.50

0.00 125.50
1,127.88
1,127.88
3137FJZ93 FHMS K-084 A2 3.78
10/25/2028
10/20/2023
10/25/2023
240,000.00
231,797.19

0.00 0.00
232,066.43
756.00
756.00
756.00
756.00
269.24

0.00 269.24
1,025.24
1,025.24
3137FK4M5 FHMS K-085 A2 4.06
10/25/2028
07/23/2025
07/28/2025
350,000.00
349,106.65

0.00 0.00
349,135.97
1,184.17
1,184.17
1,184.17
1,184.17

29.32 0.00

29.32 1,213.49
1,213.49
3137FKUP9 FHMS K-087 A2 3.771
12/25/2028
07/23/2025
07/28/2025
338,450.29
335,654.82

0.00 (383.20)
335,372.91
1,064.78
1,064.78
1,063.58
1,063.58
101.29

0.00 101.29
1,164.87
1,164.87
3137FLN91 FHMS K-091 A2 3.505
03/25/2029
07/23/2025
07/28/2025
350,000.00
343,818.43

0.00 0.00
343,992.56
1,022.29
1,022.29
1,022.29
1,022.29
174.13

0.00 174.13
1,196.42
1,196.42
3137FMTY8 FHMS K-094 A2 2.903
06/25/2029
12/05/2025
12/10/2025
700,000.00
679,482.25

0.00 0.00
680,014.26
1,693.42
1,693.42
1,693.42
1,693.42
532.01

0.00 532.01
2,225.43
2,225.43
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
07/14/2025
07/17/2025
350,000.00
323,581.01

0.00 0.00
324,159.10
603.46
603.46
603.46
603.46
578.10

0.00 578.10
1,181.56
1,181.56
3137FTFK8 FHMS K-738 A2 1.545
01/25/2027
09/22/2025
09/25/2025
350,000.00
344,364.41

0.00 0.00
344,979.20
450.63
450.63
450.63
450.63
614.79

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
3137H4BY5 FHMS K-746 A2 2.031
09/25/2028
10/03/2023
10/06/2023
315,000.00
293,281.73

0.00 0.00
294,018.78
533.14
533.14
533.14
533.14
737.05

0.00 737.05
1,270.19
1,270.19
341081GT8 FLORIDA POWER & LIGHT CO

5.15 06/15/2029
09/19/2024
09/20/2024
330,000.00
340,202.82

0.00 0.00
339,927.06
5,004.08

0.00 6,420.33
1,416.25

0.00 (275.75)
(275.75)
1,140.50
1,140.50
34532BAG6 FORDO 2025-B A3 3.91
04/15/2030
09/23/2025
09/26/2025
170,000.00
169,983.72

0.00 0.00
169,984.06
295.42
553.92
295.42
553.92

0.33 0.00

0.33 554.25
554.25
362583AD8 GMCAR 2023-2 A3 4.47
02/16/2028
04/04/2023
04/12/2023
26,336.66
31,233.32

0.00 (4,896.98)
26,336.40

58.17 116.35

49.05 107.23

0.06 0.00

0.06 107.29
107.29
36273VAD7 GMALT 2026-1 A3 3.88
01/22/2029
02/03/2026
02/12/2026
195,000.00
194,975.61

0.00 0.00
194,976.32
231.18
630.50
231.18
630.50

0.71 0.00

0.71 631.21
631.21
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028
05/20/2025
05/29/2025
155,000.00
154,998.16

0.00 0.00
154,998.23
216.91
591.58
216.91
591.58

0.07 0.00

0.07 591.65
591.65
379965AD8 GMALT 2025-3 A3 4.17
08/21/2028
08/05/2025
08/13/2025
155,000.00
154,981.37

0.00 0.00
154,982.01
197.50
538.63
197.50
538.63

0.64 0.00

0.64 539.27
539.27
38014AAD3 GMCAR 2024-4 A3 4.4
08/16/2029
10/08/2024
10/16/2024
95,000.00
94,987.22

0.00 0.00
94,987.53
174.17
348.33
174.17
348.33

0.31 0.00

0.31 348.64
348.64
437076DC3 HOME DEPOT INC 4.75
06/25/2029 295,000.00
295,074.01

0.00 0.00
295,071.66
3,736.67

0.00 4,904.38
1,167.71

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
437076DJ8 HOME DEPOT INC 3.95
09/15/2030
09/09/2025
09/15/2025
250,000.00
249,309.04

0.00 0.00
249,321.77
438.89

0.00 1,261.81
822.92

12.73 0.00

12.73 835.65
835.65
437921AD1 HAROT 252 A3 4.15
10/15/2029
04/29/2025
05/08/2025
105,000.00
104,990.64

0.00 0.00
104,990.86
193.67
363.12
193.67
363.12

0.22 0.00

0.22 363.34
363.34
43815CAD0 HAROT 2026-1 A3 3.78
09/23/2030
02/10/2026
02/18/2026
175,000.00
174,972.82

0.00 0.00
174,973.32
183.75
551.25
183.75
551.25

0.50 0.00

0.50 551.75
551.75
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
3,819.14
6,768.20

0.00 (2,949.38)
3,818.98

9.48 28.43

5.35 24.30

0.15 0.00

0.15 24.45

24.45 448976AD2 HART 2024-C A3 4.41
05/15/2029
10/08/2024
10/16/2024
140,000.00
139,993.01

0.00 0.00
139,993.19
274.40
514.50
274.40
514.50

0.18 0.00

0.18 514.68
514.68
448979AD6 HART 2023-A A3 4.58
04/15/2027
04/04/2023
04/12/2023

0.00 3,549.76

0.00 (3,549.85)

0.00 7.23

13.55 0.00

6.32 0.09

0.00 0.09

6.41 6.41
448981AD2 HART 2026-A A3 3.79
02/18/2031
02/10/2026
02/18/2026
230,000.00
229,984.84

0.00 0.00
229,985.09
387.42
726.42
387.42
726.42

0.26 0.00

0.26 726.68
726.68
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
85,659.75
89,991.36

0.00 (4,340.25)
85,651.75
193.60
363.00
184.26
353.66

0.65 0.00

0.65 354.31
354.31
459058KQ5

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 02/14/2030
10/09/2025
10/10/2025
350,000.00
351,525.05

0.00 0.00
351,492.71
1,770.66

0.00 2,900.87
1,130.21

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
11/28/2023
11/30/2023
250,000.00
244,749.28

0.00 0.00
244,938.39
1,920.14

0.00 2,649.31
729.17
189.10

0.00 189.10
918.27
918.27
459058KW2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.625 08/01/2028 250,000.00
248,247.42

0.00 0.00
248,309.06
1,927.08

0.00 2,890.63
963.54

61.64 0.00

61.64 1,025.18
1,025.18
459058LK7

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.0 08/27/2026
08/20/2024
08/27/2024
170,000.00
169,960.02

0.00 0.00
169,968.12
642.22

0.00 1,208.89
566.67

8.10 0.00

8.10 574.77
574.77
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
10/08/2024
10/16/2024
300,000.00
299,445.12

0.00 0.00
299,457.99
5,328.00
5,814.00
483.00
969.00

12.86 0.00

12.86 981.86
981.86
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
205,000.00
204,419.25

0.00 0.00
204,431.27
258.39

0.00 963.07
704.69

12.02 0.00

12.02 716.71
716.71
46647PDA1 JPMORGAN CHASE & CO

4.323 04/26/2028
09/22/2025
09/23/2025
250,000.00
250,561.47

0.00 0.00
250,518.28
4,653.23
5,403.75
150.10
900.63

0.00 (43.19)
(43.19)
857.44
857.44
47787CAC7 JDOT 2023-C A3 5.48
05/15/2028
09/12/2023
09/19/2023
142,933.11
157,764.61

0.00 (14,836.44)
142,928.81
384.26
720.48
348.12
684.35

0.64 0.00

0.64 684.98
684.98
47787DAD3 JDOT 2026 A3 3.87
08/15/2030
03/10/2026
03/18/2026
120,000.00
119,978.92

0.00 0.00
119,979.32
167.70
348.30
206.40
387.00

0.40 0.00

0.40 387.40
387.40
47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022

0.00 80.43

0.00 (80.43)

0.00 0.13

0.25 0.00

0.12 0.00

0.00 0.00

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
47800BAC2 JDOT 2022-C A3 5.09
06/15/2027
10/12/2022
10/19/2022
15,458.91
23,428.35

0.00 (7,969.86)
15,458.65

53.00 99.38

34.97 81.35

0.16 0.00

0.16 81.51

81.51 532457DB1 ELI LILLY AND CO 4.0
10/15/2028
09/12/2025
09/15/2025
500,000.00
501,257.69

0.00 0.00
501,215.68
12,277.78
13,055.56
888.89
1,666.67

0.00 (42.02)
(42.02)
1,624.65
1,624.65
571748BY7

MARSH & MCLENNAN
COMPANIES INC 4.55
11/08/2027
09/12/2025
09/15/2025
250,000.00
252,259.06

0.00 0.00
252,136.95
4,518.40

0.00 5,466.32
947.92

0.00 (122.11)
(122.11)
825.81
825.81
57636QAW4 MASTERCARD INC 4.875
03/09/2028
04/19/2023
04/21/2023
290,000.00
293,417.59

0.00 0.00
293,266.60
863.96

0.00 2,042.08
1,178.13

0.00 (151.00)
(151.00)
1,027.13
1,027.13
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028
09/17/2024
09/25/2024
103,085.30
114,275.59

0.00 (11,200.94)
103,076.12
214.86
402.86
193.80
381.80

1.46 0.00

1.46 383.27
383.27
58770AAC7 MBART 2023-1 A3 4.51
11/15/2027
01/18/2023
01/25/2023
12,369.27
15,957.36

0.00 (3,588.72)
12,368.81

31.99 59.98

24.79 52.79

0.17 0.00

0.17 52.95

52.95 58770XAD5 MBALT 2025-B A3 3.88
04/16/2029
10/16/2025
10/22/2025
360,000.00
359,948.40

0.00 0.00
359,949.79
620.80
1,164.00
620.80
1,164.00

1.39 0.00

1.39 1,165.39
1,165.39
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030
01/13/2026
01/21/2026
195,000.00
194,963.19

0.00 0.00
194,963.99
340.60
638.63
340.60
638.63

0.80 0.00

0.80 639.43
639.43
58933YBH7 MERCK & CO INC 4.05
05/17/2028
05/08/2023
05/17/2023
90,000.00
89,969.00

0.00 0.00
89,970.19
1,356.75

0.00 1,660.50
303.75

1.20 0.00

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
58933YBQ7 MERCK & CO INC 4.15
09/15/2030
09/12/2025
09/15/2025
250,000.00
251,185.52

0.00 0.00
251,163.25
461.11

0.00 1,325.69
864.58

0.00 (22.27)
(22.27)
842.31
842.31
61776NVE0 MORGAN STANLEY PRIVATE
BANK NA 4.466 07/06/2028
08/05/2025
08/06/2025
500,000.00
500,972.78

0.00 0.00
500,909.48
5,272.36

0.00 7,133.19
1,860.83

0.00 (63.30)
(63.30)
1,797.53
1,797.53
63743HFJ6

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.05 09/15/2028
07/14/2025
07/15/2025
240,000.00
243,404.61

0.00 0.00
243,286.80
538.67

0.00 1,548.67
1,010.00

0.00 (117.81)
(117.81)
892.19
892.19
63743HFK3

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

5.6 11/13/2026
11/14/2023
11/16/2023
390,000.00
390,673.14

0.00 0.00
390,569.58
8,372.00

0.00 10,192.00
1,820.00

0.00 (103.56)
(103.56)
1,716.44
1,716.44
64110LAS5 NETFLIX INC 4.875
04/15/2028
09/22/2025
09/23/2025
240,000.00
244,614.38

0.00 0.00
244,428.56
5,395.00
5,850.00
520.00
975.00

0.00 (185.81)
(185.81)
789.19
789.19
665859AV6 NORTHERN TRUST CORP 1.95
05/01/2030
12/22/2025
12/23/2025
275,000.00
253,005.64

0.00 0.00
253,448.18
2,234.38

0.00 2,681.25
446.88
442.54

0.00 442.54
889.42
889.42
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027
10/05/2022
10/07/2022
450,000.00
446,844.53

0.00 0.00
447,078.85
7,050.00

0.00 8,550.00
1,500.00
234.32

0.00 234.32
1,734.32
1,734.32
693475AW5 PNC FINANCIAL SERVICES
GROUP INC 3.45 04/23/2029
07/16/2025
07/17/2025
500,000.00
487,511.88

0.00 0.00
487,846.98
7,570.83
8,625.00
383.33
1,437.50
335.10

0.00 335.10
1,772.60
1,772.60
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
01/24/2024
01/31/2024
410,000.00
409,621.04

0.00 0.00
409,632.01
3,195.72

0.00 4,767.39
1,571.67

10.97 0.00

4.55 05/08/2030
09/18/2025
09/19/2025
250,000.00
254,831.76

0.00 0.00
254,734.99
4,518.40

0.00 5,466.32
947.92

0.00 (96.76)
(96.76)
851.15
851.15
713448FX1 PEPSICO INC 4.5 07/17/2029
07/15/2024
07/17/2024
295,000.00
294,698.76

0.00 0.00
294,706.27
2,728.75

0.00 3,835.00
1,106.25

7.51 0.00

7.51 1,113.76
1,113.76
713448GH5 PEPSICO INC 4.3 07/23/2030
08/12/2025
08/13/2025
250,000.00
250,178.32

0.00 0.00
250,174.86
2,030.56

0.00 2,926.39
895.83

0.00 (3.46)
(3.46)
892.37
892.37
743315AW3 PROGRESSIVE CORP 3.2
03/26/2030 550,000.00
533,787.45

0.00 0.00
534,121.73
244.44

0.00 1,711.11
1,466.67
334.28

0.00 334.28
1,800.95
1,800.95
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
09/06/2023
09/08/2023
300,000.00
292,287.31

0.00 0.00
292,591.36
4,625.00

0.00 5,550.00
925.00
304.05

0.00 304.05
1,229.05
1,229.05
74456QBY1 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.2 05/15/2029
07/14/2025
07/15/2025
250,000.00
241,494.79

0.00 0.00
241,718.61
3,022.22

0.00 3,688.89
666.67
223.82

0.00 223.82
890.49
890.49
74464AAC5 PUBLIC STORAGE OPERATING
CO 4.375 07/01/2030
07/17/2025
07/18/2025
215,000.00
213,328.83

0.00 0.00
213,361.14
2,351.56

0.00 3,135.42
783.85

32.30 0.00

32.30 816.16
816.16
747525BU6 QUALCOMM INC 4.5
05/20/2030
09/18/2025
09/19/2025
250,000.00
254,323.30

0.00 0.00
254,235.66
4,093.75

0.00 5,031.25
937.50

0.00 (87.63)
(87.63)
849.87
849.87
78016HZT0 ROYAL BANK OF CANADA

4.875 01/19/2027
01/10/2024
01/19/2024
150,000.00
149,989.97

0.00 0.00
149,991.00
1,462.50

0.00 2,071.88
609.38

1.03 0.00

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
808513AU9 CHARLES SCHWAB CORP 3.2
01/25/2028
09/18/2025
09/19/2025
250,000.00
246,819.30

0.00 0.00
246,963.01
1,466.67

0.00 2,133.33
666.67
143.71

0.00 143.71
810.37
810.37
857477CL5 STATE STREET CORP 4.993
03/18/2027
03/13/2024
03/18/2024
365,000.00
365,000.00

0.00 0.00
365,000.00
658.11

0.00 2,176.81
1,518.70

0.00 0.00

0.00 1,518.70
1,518.70
857477DB6 STATE STREET CORP 4.834
04/24/2030
07/14/2025
07/15/2025
240,000.00
242,538.55

0.00 0.00
242,486.14
5,059.59
5,800.80
225.59
966.80

0.00 (52.41)
(52.41)
914.39
914.39
87612EBU9 TARGET CORP 4.35
06/15/2028
09/18/2025
09/19/2025
250,000.00
252,363.39

0.00 0.00
252,271.90
3,202.08

0.00 4,108.33
906.25

0.00 (91.49)
(91.49)
814.76
814.76
89115A2V3 TORONTO-DOMINION BANK

5.264 12/11/2026
12/04/2023
12/11/2023
160,000.00
160,000.00

0.00 0.00
160,000.00
2,573.51

0.00 3,275.38
701.87

0.00 0.00

0.00 701.87
701.87
89115A2W1 TORONTO-DOMINION BANK

4.98 04/05/2027
04/08/2024
04/10/2024
400,000.00
399,136.07

0.00 0.00
399,206.30
9,738.67
9,960.00
1,438.67
1,660.00

70.24 0.00

70.24 1,730.24
1,730.24
89231GAD0 TAOT 2025-D A3 3.84
06/17/2030
10/15/2025
10/23/2025
220,000.00
219,977.08

0.00 0.00
219,977.53
375.47
704.00
375.47
704.00

0.45 0.00

0.45 704.45
704.45
89236TMF9 TOYOTA MOTOR CREDIT
CORP 5.05 05/16/2029
06/25/2024
06/26/2024
400,000.00
401,835.83

0.00 0.00
401,787.56
7,575.00

0.00 9,258.33
1,683.33

0.00 (48.27)
(48.27)
1,635.06
1,635.06
89236TNJ0 TOYOTA MOTOR CREDIT
CORP 4.8 05/15/2030
07/15/2025
07/16/2025
240,000.00
241,910.43

0.00 0.00
241,872.35
4,352.00

0.00 5,312.00
960.00

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
89239TAD4 TAOT 2024-D A3 4.4
06/15/2029
10/10/2024
10/17/2024
105,000.00
104,995.97

0.00 0.00
104,996.07
205.33
385.00
205.33
385.00

0.10 0.00

0.10 385.10
385.10
89240KAD0 TAOT 2026-A A3 3.86
09/15/2030
01/13/2026
01/21/2026
145,000.00
144,988.16

0.00 0.00
144,988.38
248.76
466.42
248.76
466.42

0.22 0.00

0.22 466.64
466.64
91159HHS2 US BANCORP 3.9 04/26/2028
09/12/2025
09/15/2025
250,000.00
250,080.46

0.00 0.00
250,077.13
4,197.92
4,875.00
135.42
812.50

0.00 (3.34)
(3.34)
809.16
809.16
9128283F5 UNITED STATES TREASURY

2.25 11/15/2027 1,500,000.00
1,466,023.65

0.00 0.00
1,467,742.52
12,772.79

0.00 15,569.75
2,796.96
1,718.87

0.00 1,718.87
4,515.83
4,515.83
9128283W8 UNITED STATES TREASURY

2.75 02/15/2028
09/25/2025
09/26/2025
700,000.00
688,615.65

0.00 0.00
689,114.24
2,392.96

0.00 3,988.26
1,595.30
498.58

0.00 498.58
2,093.89
2,093.89
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028 1,100,000.00
1,079,735.36

0.00 0.00
1,080,369.29
13,009.32

0.00 15,858.08
2,848.76
633.93

0.00 633.93
3,482.69
3,482.69
912828R36 UNITED STATES TREASURY

1.625 05/15/2026
10/14/2021
10/15/2021
250,000.00
250,188.00

0.00 0.00
250,059.82
1,537.47

0.00 1,874.14
336.67

0.00 (128.18)
(128.18)
208.49
208.49
912828U24 UNITED STATES TREASURY 2.0
11/15/2026
03/29/2022
03/30/2022
625,000.00
622,965.68

0.00 0.00
623,233.35
4,730.66

0.00 5,766.57
1,035.91
267.67

0.00 267.67
1,303.59
1,303.59
912828V98 UNITED STATES TREASURY

2.25 02/15/2027
12/16/2025
12/17/2025
700,000.00
692,485.29

0.00 0.00
693,189.80
1,957.87

0.00 3,263.12
1,305.25
704.50

2.375 05/15/2027
06/09/2022
06/10/2022
350,000.00
347,424.67

0.00 0.00
347,613.57
3,145.89

0.00 3,834.77
688.88
188.90

0.00 188.90
877.78
877.78
912828YB0 UNITED STATES TREASURY

1.625 08/15/2029
09/24/2024
09/25/2024
150,000.00
141,402.21

0.00 0.00
141,611.57
303.00

0.00 505.01
202.00
209.36

0.00 209.36
411.36
411.36
912828YG9 UNITED STATES TREASURY

1.625 09/30/2026
12/28/2021
12/29/2021
300,000.00
300,555.32

0.00 0.00
300,463.78

13.32 0.00
412.91
399.59

0.00 (91.54)
(91.54)
308.05
308.05
912828Z94 UNITED STATES TREASURY 1.5
02/15/2030
02/24/2026
02/25/2026
400,000.00
370,952.37

0.00 0.00
371,567.78
745.86

0.00 1,243.09
497.24
615.42

0.00 615.42
1,112.65
1,112.65
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 750,000.00
747,195.96

0.00 0.00
747,427.06

51.23 0.00
1,588.11
1,536.89
231.10

0.00 231.10
1,767.99
1,767.99
91282CEV9 UNITED STATES TREASURY

3.25 06/30/2029
07/30/2025
07/31/2025
700,000.00
686,461.17

0.00 0.00
686,803.64
5,718.92

0.00 7,604.28
1,885.36
342.47

0.00 342.47
2,227.83
2,227.83
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
10/26/2022
10/27/2022
570,000.00
569,519.33

0.00 0.00
569,545.69

64.24 0.00
1,991.50
1,927.25

26.36 0.00

26.36 1,953.62
1,953.62
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
07/30/2025
07/31/2025
700,000.00
702,097.33

0.00 0.00
702,049.27
11,756.91
14,000.00

76.09 2,319.18

0.00 (48.07)
(48.07)
2,271.11
2,271.11
91282CGB1 UNITED STATES TREASURY

3.875 12/31/2029
07/30/2025
07/31/2025
700,000.00
699,048.39

0.00 0.00
699,069.23
6,818.72

0.00 9,066.64
2,247.93

20.84 0.00

3.875 12/31/2027
05/25/2023
05/26/2023
500,000.00
499,197.69

0.00 0.00
499,235.35
4,870.51

0.00 6,476.17
1,605.66

37.67 0.00

37.67 1,643.33
1,643.33
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028
07/30/2025
07/31/2025
700,000.00
695,490.08

0.00 0.00
695,692.02
4,060.77

0.00 6,091.16
2,030.39
201.94

0.00 201.94
2,232.32
2,232.32
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 1,080,000.00
1,084,039.40

0.00 0.00
1,083,954.59
3,756.52

0.00 7,278.26
3,521.74

0.00 (84.80)
(84.80)
3,436.94
3,436.94
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028
01/10/2025
01/13/2025
600,000.00
590,737.89

0.00 0.00
591,118.53

59.43 0.00
1,842.21
1,782.79
380.63

0.00 380.63
2,163.42
2,163.42
91282CGV7 UNITED STATES TREASURY

3.75 04/15/2026
02/24/2025
02/25/2025

0.00 399,931.31

0.00 (400,000.00)

0.00 6,923.08
7,500.00

0.00 576.92

68.69 0.00

68.69 645.61
645.61
91282CHB0 UNITED STATES TREASURY

3.625 05/15/2026
03/28/2025
03/31/2025
300,000.00
299,845.31

0.00 0.00
299,950.78
4,115.68

0.00 5,016.92
901.24
105.47

0.00 105.47
1,006.71
1,006.71
91282CHF1 UNITED STATES TREASURY

3.75 05/31/2030
07/30/2025
07/31/2025
700,000.00
694,698.18

0.00 0.00
694,802.75
8,798.08

0.00 10,961.54
2,163.46
104.57

0.00 104.57
2,268.03
2,268.03
91282CHH7 UNITED STATES TREASURY

4.125 06/15/2026
08/26/2024
08/27/2024
475,000.00
475,171.57

0.00 0.00
475,102.94
5,759.70

0.00 7,374.57
1,614.87

0.00 (68.63)
(68.63)
1,546.24
1,546.24
91282CHM6 UNITED STATES TREASURY 4.5
07/15/2026
09/16/2025
09/17/2025
500,000.00
501,062.87

0.00 0.00
500,759.19
4,723.76

0.00 6,588.40
1,864.64

4.625 10/15/2026
08/26/2024
08/27/2024
475,000.00
476,900.37

0.00 0.00
476,610.97
10,139.42
10,984.38
960.38
1,805.34

0.00 (289.40)
(289.40)
1,515.94
1,515.94
91282CJP7 UNITED STATES TREASURY

4.375 12/15/2026
12/27/2023
12/28/2023
300,000.00
300,692.35

0.00 0.00
300,611.84
3,858.17

0.00 4,939.90
1,081.73

0.00 (80.51)
(80.51)
1,001.23
1,001.23
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
07/30/2025
07/31/2025
700,000.00
702,257.40

0.00 0.00
702,192.03
4,640.88

0.00 6,961.33
2,320.44

0.00 (65.37)
(65.37)
2,255.07
2,255.07
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
07/30/2025
07/31/2025
700,000.00
704,695.82

0.00 0.00
704,567.16

78.89 0.00
2,445.70
2,366.80

0.00 (128.65)
(128.65)
2,238.15
2,238.15
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029
06/25/2025
06/26/2025
380,000.00
388,682.64

0.00 0.00
388,451.11
7,379.56
8,787.50

47.76 1,455.70

0.00 (231.54)
(231.54)
1,224.16
1,224.16
91282CKZ3 UNITED STATES TREASURY

4.375 07/15/2027
11/18/2024
11/19/2024
1,000,000.00
1,001,005.21

0.00 0.00
1,000,941.05
9,185.08

0.00 12,810.77
3,625.69

0.00 (64.16)
(64.16)
3,561.53
3,561.53
91282CLG4 UNITED STATES TREASURY

3.75 08/15/2027 1,400,000.00
1,402,264.15

0.00 0.00
1,402,128.57
6,526.24

0.00 10,877.07
4,350.83

0.00 (135.58)
(135.58)
4,215.25
4,215.25
91282CLK5 UNITED STATES TREASURY

3.625 08/31/2029
07/30/2025
07/31/2025
700,000.00
693,870.31

0.00 0.00
694,017.66
2,206.52

0.00 4,275.14
2,068.61
147.35

0.00 147.35
2,215.96
2,215.96
91282CLL3 UNITED STATES TREASURY

3.375 09/15/2027
09/25/2025
09/26/2025
700,000.00
697,207.97

0.00 0.00
697,365.41
1,091.37

0.00 3,017.32
1,925.95
157.45

3.875 10/15/2027 1,100,000.00
1,403,633.76

0.00 (299,968.60)
1,103,470.73
25,038.46
27,379.10
1,863.39
4,204.03

3.61 (198.04)
(194.44)
4,009.59
4,009.59
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/17/2024
12/18/2024
200,000.00
199,207.33

0.00 0.00
199,225.09
2,765.11

0.00 3,445.05
679.95

17.76 0.00

17.76 697.70
697.70
91282CMB4 UNITED STATES TREASURY 4.0
12/15/2027
09/25/2025
09/26/2025
700,000.00
704,016.93

0.00 0.00
703,823.50
8,230.77

0.00 10,538.46
2,307.69

0.00 (193.43)
(193.43)
2,114.26
2,114.26
91282CMP3 UNITED STATES TREASURY

4.125 02/28/2027
07/30/2025
07/31/2025

0.00 250,343.79

0.00 (250,324.18)

0.00 896.74
1,429.18

0.00 532.44

0.00 (19.62)
(19.62)
512.83
512.83
91282CMS7 UNITED STATES TREASURY

3.875 03/15/2028
09/25/2025
09/26/2025
700,000.00
702,990.27

0.00 0.00
702,864.63
1,253.06

0.00 3,464.33
2,211.28

0.00 (125.64)
(125.64)
2,085.64
2,085.64
91282CMU2 UNITED STATES TREASURY 4.0
03/31/2030
03/28/2025
03/31/2025
250,000.00
249,843.84

0.00 0.00
249,847.05

27.32 0.00
846.99
819.67

3.21 0.00

3.21 822.88
822.88
91282CMW8 UNITED STATES TREASURY

3.75 04/15/2028
09/25/2025
09/26/2025
700,000.00
701,224.01

0.00 0.00
701,174.73
12,115.38
13,125.00
1,147.54
2,157.16

0.00 (49.29)
(49.29)
2,107.87
2,107.87
91282CMY4 UNITED STATES TREASURY

3.75 04/30/2027
07/30/2025
07/31/2025

0.00 249,517.54

0.00 (249,540.80)

0.00 3,936.46
4,428.52

0.00 492.06

23.27 0.00

23.27 515.32
515.32
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030 1,100,000.00
1,095,066.18

0.00 0.00
1,095,165.52
17,897.79
21,312.50
115.83
3,530.54

99.34 0.00

3.75 05/15/2028
07/30/2025
07/31/2025
700,000.00
698,502.67

0.00 0.00
698,560.63
9,934.39

0.00 12,109.81
2,175.41

57.96 0.00

57.96 2,233.38
2,233.38
91282CNE7 UNITED STATES TREASURY

3.875 05/31/2027
09/25/2025
09/26/2025
700,000.00
701,386.17

0.00 0.00
701,288.33
9,091.35

0.00 11,326.92
2,235.58

0.00 (97.85)
(97.85)
2,137.73
2,137.73
91282CNK3 UNITED STATES TREASURY

3.875 06/30/2030
07/15/2025
07/16/2025
700,000.00
695,430.95

0.00 0.00
695,519.33
6,818.72

0.00 9,066.64
2,247.93

88.38 0.00

88.38 2,336.30
2,336.30
91282CNL1 UNITED STATES TREASURY

3.75 06/30/2027 1,500,000.00
1,497,912.31

0.00 0.00
1,498,049.96
14,140.19

0.00 18,801.80
4,661.60
137.65

0.00 137.65
4,799.25
4,799.25
91282CNM9 UNITED STATES TREASURY

3.875 07/15/2028
07/30/2025
07/31/2025
700,000.00
700,232.83

0.00 0.00
700,224.47
5,694.75

0.00 7,942.68
2,247.93

0.00 (8.36)
(8.36)
2,239.57
2,239.57
91282CNN7 UNITED STATES TREASURY

3.875 07/31/2030 900,000.00
899,300.01

0.00 0.00
899,313.29
5,780.39

0.00 8,670.58
2,890.19

38.19 (24.91)

13.27 2,903.47
2,903.47
91282CNP2 UNITED STATES TREASURY

3.875 07/31/2027
09/25/2025
09/26/2025
700,000.00
701,658.67

0.00 0.00
701,556.28
4,495.86

0.00 6,743.78
2,247.93

0.00 (102.39)
(102.39)
2,145.54
2,145.54
91282CPA3 UNITED STATES TREASURY

3.625 09/30/2030
10/23/2025
10/24/2025
350,000.00
350,660.67

0.00 0.00
350,648.61

34.67 0.00
1,074.62
1,039.96

0.00 (12.06)
(12.06)
1,027.90
1,027.90
91282CPD7 UNITED STATES TREASURY

3.625 10/31/2030
11/17/2025
11/18/2025
550,000.00
547,811.87

0.00 0.00
547,851.09
8,371.55
9,968.75

54.18 1,651.38

39.21 0.00

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
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 950,000.00
941,664.69

0.00 0.00
941,811.44
11,144.23

0.00 13,884.62
2,740.38
146.75

0.00 146.75
2,887.13
2,887.13
91282CPR6 UNITED STATES TREASURY

3.625 12/31/2030
01/27/2026
01/28/2026
250,000.00
248,039.92

0.00 0.00
248,073.81
2,278.14

0.00 3,029.18
751.04

33.89 0.00

33.89 784.93
784.93
91282CPT2 UNITED STATES TREASURY 3.5
01/15/2029
01/16/2026
01/20/2026
500,000.00
497,900.08

0.00 0.00
497,961.84
3,674.03

0.00 5,124.31
1,450.28

61.76 0.00

61.76 1,512.04
1,512.04
91282CPW5 UNITED STATES TREASURY

3.75 01/31/2031
02/25/2026
02/26/2026
350,000.00
352,226.66

0.00 0.00
352,188.84
2,175.41

0.00 3,263.12
1,087.71

0.00 (37.83)
(37.83)
1,049.88
1,049.88
91282CQD6 UNITED STATES TREASURY 3.5
02/28/2031 1,400,000.00
1,378,547.41

0.00 0.00
1,378,906.15
4,260.87

0.00 8,255.43
3,994.57
358.74

0.00 358.74
4,353.30
4,353.30
91282CQG9 UNITED STATES TREASURY

3.875 03/31/2031
04/17/2026
04/20/2026
500,000.00

0.00 500,800.78

0.00 500,795.90

0.00 (1,058.74)
1,641.05
582.31

0.00 (4.88)
(4.88)
577.43
577.43
91282CQJ3 UNITED STATES TREASURY

3.875 04/15/2029
04/16/2026
04/17/2026
425,000.00

0.00 426,062.50

0.00 426,048.90

0.00 (89.99)
719.95
629.96

0.00 (13.60)
(13.60)
616.36
616.36
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
02/13/2025
02/14/2025
350,000.00
345,412.14

0.00 0.00
345,547.08
3,140.28

0.00 4,379.86
1,239.58
134.94

0.00 134.94
1,374.52
1,374.52
92348KDY6 VZMT 2025-3 A1A 4.51
03/20/2030
03/25/2025
03/31/2025
255,000.00
254,991.25

0.00 0.00
254,991.43
351.40
958.37
351.40
958.37

0.18 0.00

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
92826CAZ5 VISA INC 4.1 02/12/2031
02/03/2026
02/12/2026
235,000.00
234,693.38

0.00 0.00
234,698.55
1,311.43

0.00 2,114.35
802.92

5.17 0.00

5.17 808.09
808.09
92970QAK1 WFCIT 2026-1 A 4.08
04/15/2031
04/21/2026
04/27/2026
380,000.00

0.00 379,946.73

0.00 379,946.85

0.00 0.00
172.27
172.27

0.12 0.00

0.12 172.38
172.38
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
40,000.00
39,993.00

0.00 0.00
39,994.24

16.33 0.00

51.33 35.00

1.24 0.00

1.24 36.24

36.24 931142FN8 WALMART INC 4.35
04/28/2030
04/23/2025
04/28/2025
310,000.00
309,562.97

0.00 0.00
309,571.78
5,731.13
6,742.50
112.38
1,123.75

8.81 0.00

8.81 1,132.56
1,132.56
94988J6F9 WELLS FARGO BANK NA

5.254 12/11/2026
10/22/2025
10/23/2025
250,000.00
252,209.62

0.00 0.00
251,912.36
4,013.47

0.00 5,108.06
1,094.58

0.00 (297.26)
(297.26)
797.32
797.32
95000U4D2 WELLS FARGO & CO 4.182
01/23/2030
01/16/2026
01/23/2026
250,000.00
249,821.23

0.00 0.00
249,825.08
1,974.83

0.00 2,846.08
871.25

3.85 0.00

3.85 875.10
875.10
Total Fixed Income 71,144,224.79
70,389,593.66
1,626,774.65
(1,254,622.60)
70,773,399.20
599,603.24
237,223.17
585,958.16
223,578.10
17,369.66
(5,716.16)
11,653.49
235,231.59 235,231.59
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 6,010,813.81
5,952,481.95
58,331.86

0.00 6,010,813.81

0.00 58,331.86

0.00 0.00

0.00 58,331.86
58,331.86
Total LAIF 6,010,813.81
5,952,481.95
58,331.86

0.00 6,010,813.81

0.00 58,331.86

0.00 0.00

LOCAL GOV INVESTMENT
POOL
09CATR$05 CalTrust MTF
753,104.68
7,527,945.85
23,634.99

0.00 7,551,580.84

0.00 23,634.99

0.00 0.00

0.00 23,634.99
23,634.99
90CAMP$00 CAMP
3,634,513.20
3,623,246.41
11,266.79

0.00 3,634,513.20

0.00 11,266.79

0.00 0.00

0.00 11,266.79
11,266.79
90CAMP$06 CAMP
10,000,000.00
10,000,000.00

0.00 0.00
10,000,000.00

0.00 0.00

0.00 Total Local Gov Investment
Pool 14,387,617.88
21,151,192.26
34,901.78

0.00 21,186,094.04

0.00 34,901.78

0.00 0.00

0.00 34,901.78 34,901.78
TOTAL PORTFOLIO 91,830,683.43
97,951,788.10
2,687,882.65
(2,354,440.45)
98,258,334.01
599,603.24
331,879.24
585,958.16
318,234.17
17,369.66
(5,716.16)
11,653.49
329,887.66 329,887.66
CONFIDENTIAL | 53
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MAY 2026
05/01/2026 Coupon 74456QBU9 0.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 5,550.00 5,550.00
05/01/2026 Coupon 665859AV6 0.00 NORTHERN TRUST CORP 1.95 05/01/2030 2,681.25 2,681.25 05/01/2026 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 713.33 713.33 05/01/2026 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 521.02 521.02 05/08/2026 Coupon 571748BY7 250,000.00 MARSH & MCLENNAN COMPANIES INC 4.55 11/08/2027 5,687.50 5,687.50
05/08/2026 Coupon 69371RT71 250,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 5,687.50 5,687.50 05/08/2026 Sell 89115A2V3 0.00 TORONTO-DOMINION BANK 5.264 12/11/2026 161,091.20 161,091.20 05/08/2026 Sell 89115A2W1 0.00 TORONTO-DOMINION BANK 4.98 04/05/2027 403,188.00 403,188.00 05/08/2026 Sell 91282CNL1 0.00 UNITED STATES TREASURY 3.75 06/30/2027 699,562.50 699,562.50 05/11/2026 Coupon 665859AW4 450,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 9,000.00 9,000.00 05/13/2026 Coupon 63743HFK3 390,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.6 11/13/2026 10,920.00 10,920.00
05/14/2026 Coupon 00287YBF5 250,000.00 ABBVIE INC 4.25 11/14/2028 5,312.50 5,312.50 05/14/2026 Coupon 14913UAL4 405,000.00 CATERPILLAR FINANCIAL SERVICES CORP 5.0 05/14/2027 10,125.00 10,125.00
05/15/2026 Coupon 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2026 507.29 507.29 05/15/2026 Final Maturity 02582JJZ4 125,000.00 AMXCA 2023-1 A 4.87 05/15/2026 125,000.00 125,000.00 05/15/2026 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2026 1,481.83 1,481.83 05/15/2026 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 05/15/2026 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 05/15/2026 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 05/15/2026 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 514.50 514.50 05/15/2026 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 05/15/2026 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 345.49 345.49 05/15/2026 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 4,894.71 4,894.71 05/15/2026 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 661.30 661.30 05/15/2026 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 17,151.48 17,151.48 05/15/2026 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 05/15/2026 Coupon 47800BAC2 15,458.91 JDOT 2022-C A3 5.09 06/15/2027 65.57 65.57 CONFIDENTIAL | 54
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2026 Principal Paydown 47800BAC2 15,458.91 JDOT 2022-C A3 5.09 06/15/2027 7,023.52 7,023.52 05/15/2026 Coupon 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 363.38 363.38 05/15/2026 Principal Paydown 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 17,183.82 17,183.82 05/15/2026 Coupon 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 46.49 46.49 05/15/2026 Principal Paydown 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 2,623.54 2,623.54 05/15/2026 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 05/15/2026 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 05/15/2026 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 05/15/2026 Coupon 74456QBY1 250,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.2 05/15/2029 4,000.00 4,000.00
05/15/2026 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 05/15/2026 Coupon 89236TNJ0 240,000.00 TOYOTA MOTOR CREDIT CORP 4.8 05/15/2030 5,760.00 5,760.00 05/15/2026 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 385.00 385.00 05/15/2026 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 05/15/2026 Coupon 9128283F5 700,000.00 UNITED STATES TREASURY 2.25 11/15/2027 7,875.00 7,875.00 05/15/2026 Coupon 9128283F5 800,000.00 UNITED STATES TREASURY 2.25 11/15/2027 9,000.00 9,000.00 05/15/2026 Coupon 9128285M8 400,000.00 UNITED STATES TREASURY 3.125 11/15/2028 6,250.00 6,250.00 05/15/2026 Coupon 9128285M8 700,000.00 UNITED STATES TREASURY 3.125 11/15/2028 10,937.50 10,937.50 05/15/2026 Coupon 912828R36 250,000.00 UNITED STATES TREASURY 1.625 05/15/2026 2,031.25 2,031.25 05/15/2026 Final Maturity 912828R36 250,000.00 UNITED STATES TREASURY 1.625 05/15/2026 250,000.00 250,000.00 05/15/2026 Coupon 912828U24 625,000.00 UNITED STATES TREASURY 2.0 11/15/2026 6,250.00 6,250.00 05/15/2026 Coupon 912828X88 350,000.00 UNITED STATES TREASURY 2.375 05/15/2027 4,156.25 4,156.25 05/15/2026 Coupon 91282CHB0 300,000.00 UNITED STATES TREASURY 3.625 05/15/2026 5,437.50 5,437.50 05/15/2026 Final Maturity 91282CHB0 300,000.00 UNITED STATES TREASURY 3.625 05/15/2026 300,000.00 300,000.00 05/15/2026 Coupon 91282CND9 700,000.00 UNITED STATES TREASURY 3.75 05/15/2028 13,125.00 13,125.00 05/15/2026 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 255.00 255.00 05/15/2026 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 520.20 520.20 05/18/2026 Coupon 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 107.77 107.77 05/18/2026 Principal Paydown 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 4,079.39 4,079.39 05/18/2026 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 348.33 348.33 05/18/2026 Coupon 58933YBH7 90,000.00 MERCK & CO INC 4.05 05/17/2028 1,822.50 1,822.50 05/18/2026 Coupon 89236TMF9 400,000.00 TOYOTA MOTOR CREDIT CORP 5.05 05/16/2029 10,100.00 10,100.00 CONFIDENTIAL | 55
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/20/2026 Coupon 3133ERFJ5 330,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 7,425.00 7,425.00
05/20/2026 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 05/20/2026 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 591.58 591.58 05/20/2026 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 538.63 538.63 05/20/2026 Coupon 747525BU6 250,000.00 QUALCOMM INC 4.5 05/20/2030 5,625.00 5,625.00 05/20/2026 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 05/21/2026 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 05/21/2026 Coupon 43815JAC7 3,819.14 HAROT 2023-1 A3 5.04 04/21/2027 26.46 26.46 05/21/2026 Principal Paydown 43815JAC7 3,819.14 HAROT 2023-1 A3 5.04 04/21/2027 2,852.20 2,852.20 05/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 05/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 05/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 704.00 704.00 05/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 704.00 704.00 05/25/2026 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 836.00 836.00 05/25/2026 Principal Paydown 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 763.94 763.94 05/25/2026 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 292.91 292.91 05/25/2026 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 418.75 418.75 05/26/2026 Coupon 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 904.04 904.04 05/26/2026 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 461.91 461.91 05/26/2026 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 05/26/2026 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 05/26/2026 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.13 1,298.13 05/26/2026 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 05/26/2026 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 05/26/2026 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 05/26/2026 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 05/26/2026 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 05/26/2026 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 05/26/2026 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 05/26/2026 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,063.58 1,063.58 05/26/2026 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 CONFIDENTIAL | 56
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/26/2026 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 05/26/2026 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 05/26/2026 Coupon 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 450.63 450.63 05/26/2026 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 May 2026 Total 1,997,360.33 190,816.21 2,188,176.54
JUNE 2026
06/01/2026 Coupon 023135CQ7 250,000.00 AMAZON.COM INC 4.65 12/01/2029 5,812.50 5,812.50 06/01/2026 Coupon 26444HAH4 450,000.00 DUKE ENERGY FLORIDA LLC 2.5 12/01/2029 5,625.00 5,625.00 06/01/2026 Coupon 91282CHF1 700,000.00 UNITED STATES TREASURY 3.75 05/31/2030 13,125.00 13,125.00 06/01/2026 Coupon 91282CMA6 200,000.00 UNITED STATES TREASURY 4.125 11/30/2029 4,125.00 4,125.00 06/01/2026 Coupon 91282CNE7 700,000.00 UNITED STATES TREASURY 3.875 05/31/2027 13,562.50 13,562.50 06/01/2026 Coupon 91282CPN5 250,000.00 UNITED STATES TREASURY 3.5 11/30/2030 4,375.00 4,375.00 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 24422EYE3 250,000.00 JOHN DEERE CAPITAL CORP 4.55 06/05/2030 5,687.50 5,687.50 06/08/2026 Coupon 3133ERGL9 450,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 06/07/2028 10,125.00 10,125.00
06/11/2026 Coupon 009158BN5 240,000.00 AIR PRODUCTS AND CHEMICALS INC 4.3 06/11/2028 5,160.00 5,160.00
06/11/2026 Coupon 94988J6F9 250,000.00 WELLS FARGO BANK NA 5.254 12/11/2026 6,567.50 6,567.50 06/15/2026 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2026 1,481.83 1,481.83 06/15/2026 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 06/15/2026 Coupon 26444HAJ0 275,000.00 DUKE ENERGY FLORIDA LLC 1.75 06/15/2030 2,406.25 2,406.25 06/15/2026 Coupon 3133EPN50 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.25 12/15/2028 13,812.50 13,812.50
06/15/2026 Coupon 341081GT8 330,000.00 FLORIDA POWER & LIGHT CO 5.15 06/15/2029 8,497.50 8,497.50 06/15/2026 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 06/15/2026 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 06/15/2026 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 706.67 706.67 06/15/2026 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 514.50 514.50 06/15/2026 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 06/15/2026 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 325.75 325.75 06/15/2026 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 4,778.49 4,778.49 CONFIDENTIAL | 57
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2026 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 582.97 582.97 06/15/2026 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 14,808.60 14,808.60 06/15/2026 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 06/15/2026 Coupon 47800BAC2 15,458.91 JDOT 2022-C A3 5.09 06/15/2027 35.78 35.78 06/15/2026 Principal Paydown 47800BAC2 15,458.91 JDOT 2022-C A3 5.09 06/15/2027 5,742.83 5,742.83 06/15/2026 Coupon 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 302.80 302.80 06/15/2026 Principal Paydown 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 15,722.15 15,722.15 06/15/2026 Coupon 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 36.63 36.63 06/15/2026 Principal Paydown 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 2,591.59 2,591.59 06/15/2026 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 06/15/2026 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 06/15/2026 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 06/15/2026 Coupon 87612EBU9 250,000.00 TARGET CORP 4.35 06/15/2028 5,437.50 5,437.50 06/15/2026 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 06/15/2026 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 385.00 385.00 06/15/2026 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 2,751.03 2,751.03 06/15/2026 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 06/15/2026 Coupon 91282CHH7 475,000.00 UNITED STATES TREASURY 4.125 06/15/2026 9,796.88 9,796.88 06/15/2026 Final Maturity 91282CHH7 475,000.00 UNITED STATES TREASURY 4.125 06/15/2026 475,000.00 475,000.00 06/15/2026 Coupon 91282CJP7 300,000.00 UNITED STATES TREASURY 4.375 12/15/2026 6,562.50 6,562.50 06/15/2026 Coupon 91282CMB4 700,000.00 UNITED STATES TREASURY 4.0 12/15/2027 14,000.00 14,000.00 06/15/2026 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 06/15/2026 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 06/16/2026 Coupon 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 92.58 92.58 06/16/2026 Principal Paydown 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 4,014.74 4,014.74 06/16/2026 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 348.33 348.33 06/16/2026 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 4,512.94 4,512.94 06/22/2026 Coupon 17305EHA6 190,000.00 CCCIT 2025-A1 A1 4.3 06/21/2030 4,085.00 4,085.00 06/22/2026 Coupon 17305EHA6 265,000.00 CCCIT 2025-A1 A1 4.3 06/21/2030 5,697.50 5,697.50 06/22/2026 Coupon 29379VCJ0 250,000.00 ENTERPRISE PRODUCTS OPERATING LLC 4.3 06/20/2028 5,375.00 5,375.00
06/22/2026 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 CONFIDENTIAL | 58
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/22/2026 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 500.25 500.25 06/22/2026 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 591.58 591.58 06/22/2026 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 538.63 538.63 06/22/2026 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 06/22/2026 Coupon 43815JAC7 3,819.14 HAROT 2023-1 A3 5.04 04/21/2027 14.48 14.48 06/22/2026 Principal Paydown 43815JAC7 3,819.14 HAROT 2023-1 A3 5.04 04/21/2027 2,784.35 2,784.35 06/22/2026 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 06/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 06/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 06/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 06/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 06/25/2026 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 836.00 836.00 06/25/2026 Coupon 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 901.86 901.86 06/25/2026 Principal Paydown 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 720.51 720.51 06/25/2026 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 461.15 461.15 06/25/2026 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 274.14 274.14 06/25/2026 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 06/25/2026 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 06/25/2026 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.13 1,298.13 06/25/2026 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 06/25/2026 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 06/25/2026 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 06/25/2026 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 06/25/2026 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 06/25/2026 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 06/25/2026 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 06/25/2026 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,062.26 1,062.26 06/25/2026 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 385.97 385.97 06/25/2026 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 06/25/2026 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 06/25/2026 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 06/25/2026 Coupon 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 450.63 450.63 CONFIDENTIAL | 59
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2026 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 06/25/2026 Coupon 437076DC3 295,000.00 HOME DEPOT INC 4.75 06/25/2029 7,006.25 7,006.25 06/30/2026 Coupon 91282CEV9 700,000.00 UNITED STATES TREASURY 3.25 06/30/2029 11,375.00 11,375.00 06/30/2026 Coupon 91282CGB1 700,000.00 UNITED STATES TREASURY 3.875 12/31/2029 13,562.50 13,562.50 06/30/2026 Coupon 91282CGC9 500,000.00 UNITED STATES TREASURY 3.875 12/31/2027 9,687.50 9,687.50 06/30/2026 Coupon 91282CNK3 700,000.00 UNITED STATES TREASURY 3.875 06/30/2030 13,562.50 13,562.50 06/30/2026 Coupon 91282CNL1 800,000.00 UNITED STATES TREASURY 3.75 06/30/2027 15,000.00 15,000.00 06/30/2026 Coupon 91282CPR6 250,000.00 UNITED STATES TREASURY 3.625 12/31/2030 4,531.25 4,531.25 June 2026 Total 534,087.33 273,726.78 807,814.11
JULY 2026
07/01/2026 Coupon 74464AAC5 215,000.00 PUBLIC STORAGE OPERATING CO 4.375 07/01/2030 4,703.13 4,703.13
07/06/2026 Coupon 61776NVE0 250,000.00 MORGAN STANLEY PRIVATE BANK NA 4.466 07/06/2028 5,582.50 5,582.50
07/06/2026 Coupon 61776NVE0 250,000.00 MORGAN STANLEY PRIVATE BANK NA 4.466 07/06/2028 5,582.50 5,582.50
07/07/2026 Coupon 24422EXZ7 280,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 6,510.00 6,510.00 07/13/2026 Coupon 459058KT9 250,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 4,375.00 4,375.00
07/15/2026 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2026 1,481.83 1,481.83 07/15/2026 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 07/15/2026 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 07/15/2026 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 07/15/2026 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 662.50 662.50 07/15/2026 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 514.50 514.50 07/15/2026 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 07/15/2026 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 306.48 306.48 07/15/2026 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 4,686.13 4,686.13 07/15/2026 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 515.35 515.35 07/15/2026 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 15,621.71 15,621.71 07/15/2026 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 07/15/2026 Coupon 47800BAC2 15,458.91 JDOT 2022-C A3 5.09 06/15/2027 11.42 11.42 CONFIDENTIAL | 60
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2026 Effective Maturity 47800BAC2 15,458.91 JDOT 2022-C A3 5.09 06/15/2027 2,692.56 2,692.56 07/15/2026 Coupon 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 247.38 247.38 07/15/2026 Principal Paydown 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 14,091.89 14,091.89 07/15/2026 Coupon 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 26.89 26.89 07/15/2026 Principal Paydown 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 2,538.91 2,538.91 07/15/2026 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 07/15/2026 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 07/15/2026 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 07/15/2026 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 07/15/2026 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 374.91 374.91 07/15/2026 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 6,087.02 6,087.02 07/15/2026 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 07/15/2026 Dividend 90LAIF$00 6,010,813.81 Local Agency Investment Fund State Pool 18,814.31 18,814.31 07/15/2026 Coupon 91282CHM6 500,000.00 UNITED STATES TREASURY 4.5 07/15/2026 11,250.00 11,250.00 07/15/2026 Final Maturity 91282CHM6 500,000.00 UNITED STATES TREASURY 4.5 07/15/2026 500,000.00 500,000.00 07/15/2026 Coupon 91282CKZ3 1,000,000.00 UNITED STATES TREASURY 4.375 07/15/2027 21,875.00 21,875.00 07/15/2026 Coupon 91282CNM9 700,000.00 UNITED STATES TREASURY 3.875 07/15/2028 13,562.50 13,562.50 07/15/2026 Coupon 91282CPT2 500,000.00 UNITED STATES TREASURY 3.5 01/15/2029 8,750.00 8,750.00 07/15/2026 Coupon 91324PEU2 350,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 7,437.50 7,437.50 07/15/2026 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 07/15/2026 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 07/16/2026 Coupon 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 77.62 77.62 07/16/2026 Principal Paydown 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 3,927.83 3,927.83 07/16/2026 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 331.79 331.79 07/16/2026 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 4,720.82 4,720.82 07/17/2026 Coupon 713448FX1 295,000.00 PEPSICO INC 4.5 07/17/2029 6,637.50 6,637.50 07/20/2026 Coupon 025816EJ4 285,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 6,200.18 6,200.18 07/20/2026 Coupon 025816EJ4 290,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 6,308.95 6,308.95 07/20/2026 Coupon 06428CAA2 300,000.00 BANK OF AMERICA NA 5.526 08/18/2026 6,907.50 6,907.50 07/20/2026 Effective Maturity 06428CAA2 300,000.00 BANK OF AMERICA NA 5.526 08/18/2026 300,000.00 300,000.00 07/20/2026 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 07/20/2026 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 416.88 416.88 CONFIDENTIAL | 61
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/20/2026 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 591.58 591.58 07/20/2026 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 538.63 538.63 07/20/2026 Coupon 78016HZT0 150,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 3,656.25 3,656.25 07/20/2026 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 07/21/2026 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 07/21/2026 Coupon 43815JAC7 3,819.14 HAROT 2023-1 A3 5.04 04/21/2027 2.79 2.79 07/21/2026 Effective Maturity 43815JAC7 3,819.14 HAROT 2023-1 A3 5.04 04/21/2027 664.04 664.04 07/22/2026 Coupon 06406RCG0 245,000.00 BANK OF NEW YORK MELLON CORP 4.026 01/22/2030 4,931.85 4,931.85
07/23/2026 Coupon 713448GH5 250,000.00 PEPSICO INC 4.3 07/23/2030 5,375.00 5,375.00 07/23/2026 Coupon 95000U4D2 250,000.00 WELLS FARGO & CO 4.182 01/23/2030 5,227.50 5,227.50 07/27/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 07/27/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 07/27/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 07/27/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 07/27/2026 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 836.00 836.00 07/27/2026 Coupon 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 899.80 899.80 07/27/2026 Principal Paydown 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 764.19 764.19 07/27/2026 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 460.44 460.44 07/27/2026 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 293.71 293.71 07/27/2026 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 07/27/2026 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 07/27/2026 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.13 1,298.13 07/27/2026 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 07/27/2026 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 07/27/2026 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 07/27/2026 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 07/27/2026 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 07/27/2026 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 07/27/2026 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 07/27/2026 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,061.05 1,061.05 07/27/2026 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 421.38 421.38 CONFIDENTIAL | 62
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/27/2026 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 07/27/2026 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 07/27/2026 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 07/27/2026 Coupon 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 450.63 450.63 07/27/2026 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 07/27/2026 Coupon 808513AU9 250,000.00 CHARLES SCHWAB CORP 3.2 01/25/2028 4,000.00 4,000.00 07/29/2026 Coupon 06406RAF4 250,000.00 BANK OF NEW YORK MELLON CORP 3.4 01/29/2028 4,250.00 4,250.00
07/31/2026 Coupon 69371RS80 410,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 9,430.00 9,430.00 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 91282CJW2 700,000.00 UNITED STATES TREASURY 4.0 01/31/2029 14,000.00 14,000.00 07/31/2026 Coupon 91282CNN7 200,000.00 UNITED STATES TREASURY 3.875 07/31/2030 3,875.00 3,875.00 07/31/2026 Coupon 91282CNN7 700,000.00 UNITED STATES TREASURY 3.875 07/31/2030 13,562.50 13,562.50 07/31/2026 Coupon 91282CNP2 700,000.00 UNITED STATES TREASURY 3.875 07/31/2027 13,562.50 13,562.50 07/31/2026 Coupon 91282CPW5 350,000.00 UNITED STATES TREASURY 3.75 01/31/2031 6,562.50 6,562.50 July 2026 Total 875,324.49 252,920.28 1,128,244.77
AUGUST 2026
08/03/2026 Coupon 459058KW2 250,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.625 08/01/2028 5,781.25 5,781.25
08/10/2026 Coupon 009158BH8 250,000.00 AIR PRODUCTS AND CHEMICALS INC 4.6 02/08/2029 5,750.00 5,750.00
08/12/2026 Coupon 92826CAZ5 235,000.00 VISA INC 4.1 02/12/2031 4,817.50 4,817.50 08/14/2026 Coupon 459058KQ5 350,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 02/14/2030 6,781.25 6,781.25
08/17/2026 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2026 1,481.83 1,481.83 08/17/2026 Coupon 14913UBB5 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.1 08/15/2028 5,125.00 5,125.00
08/17/2026 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 08/17/2026 Coupon 171239AL0 250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 5,812.50 5,812.50 08/17/2026 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 08/17/2026 Coupon 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 62.99 62.99 08/17/2026 Principal Paydown 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 3,726.99 3,726.99 08/17/2026 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 314.48 314.48 CONFIDENTIAL | 63
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 5,144.61 5,144.61 08/17/2026 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 08/17/2026 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 662.50 662.50 08/17/2026 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 514.50 514.50 08/17/2026 Principal Paydown 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 7,923.63 7,923.63 08/17/2026 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 08/17/2026 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 287.58 287.58 08/17/2026 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 4,556.33 4,556.33 08/17/2026 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 444.01 444.01 08/17/2026 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 11,174.48 11,174.48 08/17/2026 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 08/17/2026 Coupon 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 197.71 197.71 08/17/2026 Principal Paydown 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 12,864.29 12,864.29 08/17/2026 Coupon 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 17.35 17.35 08/17/2026 Principal Paydown 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 2,477.88 2,477.88 08/17/2026 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 08/17/2026 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 08/17/2026 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 08/17/2026 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 08/17/2026 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 352.59 352.59 08/17/2026 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 5,602.50 5,602.50 08/17/2026 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 08/17/2026 Coupon 9128283W8 700,000.00 UNITED STATES TREASURY 2.75 02/15/2028 9,625.00 9,625.00 08/17/2026 Coupon 912828V98 700,000.00 UNITED STATES TREASURY 2.25 02/15/2027 7,875.00 7,875.00 08/17/2026 Coupon 912828YB0 150,000.00 UNITED STATES TREASURY 1.625 08/15/2029 1,218.75 1,218.75 08/17/2026 Coupon 912828Z94 400,000.00 UNITED STATES TREASURY 1.5 02/15/2030 3,000.00 3,000.00 08/17/2026 Coupon 91282CLG4 700,000.00 UNITED STATES TREASURY 3.75 08/15/2027 13,125.00 13,125.00 08/17/2026 Coupon 91282CLG4 700,000.00 UNITED STATES TREASURY 3.75 08/15/2027 13,125.00 13,125.00 08/17/2026 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 08/17/2026 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 08/20/2026 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 08/20/2026 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 416.88 416.88 CONFIDENTIAL | 64
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/20/2026 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 591.58 591.58 08/20/2026 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 538.63 538.63 08/20/2026 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 08/21/2026 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 08/24/2026 Coupon 17275RBX9 250,000.00 CISCO SYSTEMS INC 4.75 02/24/2030 5,937.50 5,937.50 08/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 08/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 08/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 08/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 08/25/2026 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 836.00 836.00 08/25/2026 Principal Paydown 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 6,272.01 6,272.01 08/25/2026 Coupon 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 897.62 897.62 08/25/2026 Principal Paydown 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 40,035.69 40,035.69 08/25/2026 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 459.68 459.68 08/25/2026 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 275.08 275.08 08/25/2026 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 08/25/2026 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 08/25/2026 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,298.13 1,298.13 08/25/2026 Principal Paydown 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 72.87 72.87 08/25/2026 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 08/25/2026 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 08/25/2026 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 08/25/2026 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 08/25/2026 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 08/25/2026 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 08/25/2026 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 08/25/2026 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,059.73 1,059.73 08/25/2026 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 388.75 388.75 08/25/2026 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 08/25/2026 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 08/25/2026 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 08/25/2026 Coupon 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 450.63 450.63 CONFIDENTIAL | 65
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2026 Principal Paydown 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 36,997.31 36,997.31 08/25/2026 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 08/26/2026 Coupon 17275RBQ4 170,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 4,080.00 4,080.00 08/27/2026 Coupon 459058LK7 170,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.0 08/27/2026 3,400.00 3,400.00
08/27/2026 Final Maturity 459058LK7 170,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.0 08/27/2026 170,000.00 170,000.00
08/31/2026 Coupon 91282CGQ8 380,000.00 UNITED STATES TREASURY 4.0 02/28/2030 7,600.00 7,600.00 08/31/2026 Coupon 91282CGQ8 700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 14,000.00 14,000.00 08/31/2026 Coupon 91282CLK5 700,000.00 UNITED STATES TREASURY 3.625 08/31/2029 12,687.50 12,687.50 08/31/2026 Coupon 91282CQD6 700,000.00 UNITED STATES TREASURY 3.5 02/28/2031 12,250.00 12,250.00 08/31/2026 Coupon 91282CQD6 700,000.00 UNITED STATES TREASURY 3.5 02/28/2031 12,250.00 12,250.00 August 2026 Total 307,512.42 190,573.98 498,086.40
SEPTEMBER 2026
09/09/2026 Coupon 002824BR0 275,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 5,087.50 5,087.50 09/09/2026 Coupon 57636QAW4 290,000.00 MASTERCARD INC 4.875 03/09/2028 7,068.75 7,068.75 09/10/2026 Coupon 3130ATS57 700,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 15,750.00 15,750.00 09/15/2026 Coupon 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2026 1,481.83 1,481.83 09/15/2026 Final Maturity 02582JKD1 340,000.00 AMXCA 2023-3 A 5.23 09/15/2026 340,000.00 340,000.00 09/15/2026 Coupon 12572QAL9 250,000.00 CME GROUP INC 4.4 03/15/2030 5,500.00 5,500.00 09/15/2026 Coupon 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,462.00 1,462.00 09/15/2026 Effective Maturity 161571HT4 340,000.00 CHAIT 2023-1 A 5.16 09/15/2028 340,000.00 340,000.00 09/15/2026 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 09/15/2026 Coupon 437076DJ8 250,000.00 HOME DEPOT INC 3.95 09/15/2030 4,937.50 4,937.50 09/15/2026 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 09/15/2026 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 662.50 662.50 09/15/2026 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 485.38 485.38 09/15/2026 Principal Paydown 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 7,878.40 7,878.40 09/15/2026 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 09/15/2026 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 269.20 269.20 09/15/2026 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 4,479.79 4,479.79 09/15/2026 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 392.98 392.98 CONFIDENTIAL | 66
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2026 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 8,226.11 8,226.11 09/15/2026 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 09/15/2026 Coupon 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 152.36 152.36 09/15/2026 Principal Paydown 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 11,656.49 11,656.49 09/15/2026 Coupon 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 8.03 8.03 09/15/2026 Principal Paydown 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 1,942.70 1,942.70 09/15/2026 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 09/15/2026 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 09/15/2026 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 09/15/2026 Coupon 58933YBQ7 250,000.00 MERCK & CO INC 4.15 09/15/2030 5,187.50 5,187.50 09/15/2026 Coupon 63743HFJ6 240,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.05 09/15/2028 6,060.00 6,060.00
09/15/2026 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 09/15/2026 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 332.05 332.05 09/15/2026 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 5,423.33 5,423.33 09/15/2026 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 09/15/2026 Coupon 91282CLL3 700,000.00 UNITED STATES TREASURY 3.375 09/15/2027 11,812.50 11,812.50 09/15/2026 Coupon 91282CMS7 700,000.00 UNITED STATES TREASURY 3.875 03/15/2028 13,562.50 13,562.50 09/15/2026 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 09/15/2026 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 09/16/2026 Coupon 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 49.11 49.11 09/16/2026 Principal Paydown 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 3,479.20 3,479.20 09/16/2026 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 295.61 295.61 09/16/2026 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 5,061.35 5,061.35 09/17/2026 Coupon 931142ER0 40,000.00 WALMART INC 1.05 09/17/2026 210.00 210.00 09/17/2026 Final Maturity 931142ER0 40,000.00 WALMART INC 1.05 09/17/2026 40,000.00 40,000.00 09/18/2026 Coupon 857477CL5 365,000.00 STATE STREET CORP 4.993 03/18/2027 9,112.23 9,112.23 09/21/2026 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 09/21/2026 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 416.88 416.88 09/21/2026 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 591.58 591.58 09/21/2026 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 538.63 538.63 09/21/2026 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 CONFIDENTIAL | 67
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/21/2026 Coupon 459058LR2 205,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 4,228.13 4,228.13
09/21/2026 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 09/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 09/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 09/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 09/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 09/25/2026 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 812.17 812.17 09/25/2026 Principal Paydown 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 12,167.25 12,167.25 09/25/2026 Coupon 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 783.18 783.18 09/25/2026 Principal Paydown 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 638.53 638.53 09/25/2026 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 458.96 458.96 09/25/2026 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 275.52 275.52 09/25/2026 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 09/25/2026 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 09/25/2026 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,297.92 1,297.92 09/25/2026 Principal Paydown 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 818.00 818.00 09/25/2026 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 09/25/2026 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 09/25/2026 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 09/25/2026 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 09/25/2026 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 09/25/2026 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 09/25/2026 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 09/25/2026 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,058.51 1,058.51 09/25/2026 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 390.08 390.08 09/25/2026 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 09/25/2026 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 09/25/2026 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 09/25/2026 Coupon 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 402.99 402.99 09/25/2026 Principal Paydown 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 53,518.84 53,518.84 09/25/2026 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 CONFIDENTIAL | 68
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/28/2026 Coupon 743315AW3 250,000.00 PROGRESSIVE CORP 3.2 03/26/2030 4,000.00 4,000.00 09/28/2026 Coupon 743315AW3 300,000.00 PROGRESSIVE CORP 3.2 03/26/2030 4,800.00 4,800.00 09/30/2026 Coupon 912828YG9 300,000.00 UNITED STATES TREASURY 1.625 09/30/2026 2,437.50 2,437.50 09/30/2026 Final Maturity 912828YG9 300,000.00 UNITED STATES TREASURY 1.625 09/30/2026 300,000.00 300,000.00 09/30/2026 Coupon 91282CEF4 750,000.00 UNITED STATES TREASURY 2.5 03/31/2027 9,375.00 9,375.00 09/30/2026 Coupon 91282CFM8 570,000.00 UNITED STATES TREASURY 4.125 09/30/2027 11,756.25 11,756.25 09/30/2026 Coupon 91282CGT2 600,000.00 UNITED STATES TREASURY 3.625 03/31/2028 10,875.00 10,875.00 09/30/2026 Coupon 91282CKG5 700,000.00 UNITED STATES TREASURY 4.125 03/31/2029 14,437.50 14,437.50 09/30/2026 Coupon 91282CMU2 250,000.00 UNITED STATES TREASURY 4.0 03/31/2030 5,000.00 5,000.00 09/30/2026 Coupon 91282CPA3 350,000.00 UNITED STATES TREASURY 3.625 09/30/2030 6,343.75 6,343.75 09/30/2026 Coupon 91282CQG9 500,000.00 UNITED STATES TREASURY 3.875 03/31/2031 9,687.50 9,687.50 September 2026
Total 1,135,955.56 203,167.31 1,339,122.88
OCTOBER 2026
10/09/2026 Coupon 3130B3A29 600,000.00 FEDERAL HOME LOAN BANKS 4.0 10/09/2026 12,000.00 12,000.00 10/09/2026 Final Maturity 3130B3A29 600,000.00 FEDERAL HOME LOAN BANKS 4.0 10/09/2026 600,000.00 600,000.00 10/13/2026 Coupon 63743HFK3 390,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.6 11/13/2026 9,100.00 9,100.00
10/13/2026 Effective Maturity 63743HFK3 390,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.6 11/13/2026 390,000.00 390,000.00
10/15/2026 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 10/15/2026 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 10/15/2026 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 662.50 662.50 10/15/2026 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 456.43 456.43 10/15/2026 Principal Paydown 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 7,573.60 7,573.60 10/15/2026 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 10/15/2026 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 251.13 251.13 10/15/2026 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 4,311.23 4,311.23 10/15/2026 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 355.41 355.41 10/15/2026 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 9,887.22 9,887.22 10/15/2026 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 10/15/2026 Coupon 532457DB1 250,000.00 ELI LILLY AND CO 4.0 10/15/2028 5,000.00 5,000.00 CONFIDENTIAL | 69
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2026 Coupon 532457DB1 250,000.00 ELI LILLY AND CO 4.0 10/15/2028 5,000.00 5,000.00 10/15/2026 Coupon 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 111.27 111.27 10/15/2026 Principal Paydown 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 10,605.10 10,605.10 10/15/2026 Coupon 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 0.73 0.73 10/15/2026 Effective Maturity 58770AAC7 12,369.27 MBART 2023-1 A3 4.51 11/15/2027 194.66 194.66 10/15/2026 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 10/15/2026 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 10/15/2026 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 10/15/2026 Coupon 64110LAS5 240,000.00 NETFLIX INC 4.875 04/15/2028 5,850.00 5,850.00 10/15/2026 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 10/15/2026 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 312.17 312.17 10/15/2026 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 5,221.84 5,221.84 10/15/2026 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 10/15/2026 Coupon 91282CJC6 475,000.00 UNITED STATES TREASURY 4.625 10/15/2026 10,984.38 10,984.38 10/15/2026 Final Maturity 91282CJC6 475,000.00 UNITED STATES TREASURY 4.625 10/15/2026 475,000.00 475,000.00 10/15/2026 Coupon 91282CLQ2 400,000.00 UNITED STATES TREASURY 3.875 10/15/2027 7,750.00 7,750.00 10/15/2026 Coupon 91282CLQ2 700,000.00 UNITED STATES TREASURY 3.875 10/15/2027 13,562.50 13,562.50 10/15/2026 Coupon 91282CMW8 700,000.00 UNITED STATES TREASURY 3.75 04/15/2028 13,125.00 13,125.00 10/15/2026 Coupon 91282CQJ3 425,000.00 UNITED STATES TREASURY 3.875 04/15/2029 8,234.38 8,234.38 10/15/2026 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 10/15/2026 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 10/16/2026 Coupon 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 36.15 36.15 10/16/2026 Principal Paydown 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 3,360.58 3,360.58 10/16/2026 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 277.05 277.05 10/16/2026 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 4,869.42 4,869.42 10/16/2026 Coupon 459058LN1 300,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 5,812.50 5,812.50
10/20/2026 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 10/20/2026 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 416.88 416.88 10/20/2026 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 591.58 591.58 10/20/2026 Principal Paydown 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 17,124.11 17,124.11 10/20/2026 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 538.63 538.63 CONFIDENTIAL | 70
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/20/2026 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 10/21/2026 Coupon 06051GGA1 250,000.00 BANK OF AMERICA CORP 3.248 10/21/2027 4,060.00 4,060.00 10/21/2026 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 10/23/2026 Coupon 693475AW5 250,000.00 PNC FINANCIAL SERVICES GROUP INC 3.45 04/23/2029 4,312.50 4,312.50
10/23/2026 Coupon 693475AW5 250,000.00 PNC FINANCIAL SERVICES GROUP INC 3.45 04/23/2029 4,312.50 4,312.50
10/26/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 10/26/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 10/26/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 10/26/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 10/26/2026 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 765.93 765.93 10/26/2026 Principal Paydown 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 11,699.64 11,699.64 10/26/2026 Coupon 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 781.35 781.35 10/26/2026 Principal Paydown 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 25,895.94 25,895.94 10/26/2026 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 458.25 458.25 10/26/2026 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 294.87 294.87 10/26/2026 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 10/26/2026 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 10/26/2026 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,295.64 1,295.64 10/26/2026 Principal Paydown 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 874.97 874.97 10/26/2026 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 10/26/2026 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 10/26/2026 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 10/26/2026 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 10/26/2026 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 10/26/2026 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 10/26/2026 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 10/26/2026 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,057.28 1,057.28 10/26/2026 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 425.29 425.29 10/26/2026 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 10/26/2026 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 CONFIDENTIAL | 71
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 10/26/2026 Coupon 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 334.09 334.09 10/26/2026 Principal Paydown 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 47,461.13 47,461.13 10/26/2026 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 10/26/2026 Coupon 46647PDA1 250,000.00 JPMORGAN CHASE & CO 4.323 04/26/2028 5,403.75 5,403.75 10/26/2026 Coupon 857477DB6 240,000.00 STATE STREET CORP 4.834 04/24/2030 5,800.80 5,800.80 10/26/2026 Coupon 91159HHS2 250,000.00 US BANCORP 3.9 04/26/2028 4,875.00 4,875.00 10/28/2026 Coupon 931142FN8 310,000.00 WALMART INC 4.35 04/28/2030 6,742.50 6,742.50 10/30/2026 Coupon 09247XAQ4 275,000.00 BLACKROCK FINANCE INC 2.4 04/30/2030 3,300.00 3,300.00 October 2026 Total 1,614,799.60 167,914.61 1,782,714.21 NOVEMBER 2026
11/02/2026 Coupon 665859AV6 275,000.00 NORTHERN TRUST CORP 1.95 05/01/2030 2,681.25 2,681.25 11/02/2026 Coupon 74456QBU9 300,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 5,550.00 5,550.00
11/02/2026 Coupon 91282CFT3 700,000.00 UNITED STATES TREASURY 4.0 10/31/2029 14,000.00 14,000.00 11/02/2026 Coupon 91282CKP5 380,000.00 UNITED STATES TREASURY 4.625 04/30/2029 8,787.50 8,787.50 11/02/2026 Coupon 91282CMZ1 400,000.00 UNITED STATES TREASURY 3.875 04/30/2030 7,750.00 7,750.00 11/02/2026 Coupon 91282CMZ1 700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 13,562.50 13,562.50 11/02/2026 Coupon 91282CPD7 550,000.00 UNITED STATES TREASURY 3.625 10/31/2030 9,968.75 9,968.75 11/09/2026 Coupon 571748BY7 250,000.00 MARSH & MCLENNAN COMPANIES INC 4.55 11/08/2027 5,687.50 5,687.50
11/09/2026 Coupon 69371RT71 250,000.00 PACCAR FINANCIAL CORP 4.55 05/08/2030 5,687.50 5,687.50 11/10/2026 Coupon 665859AW4 450,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 9,000.00 9,000.00 11/10/2026 Coupon 94988J6F9 250,000.00 WELLS FARGO BANK NA 5.254 12/11/2026 5,436.43 5,436.43 11/10/2026 Effective Maturity 94988J6F9 250,000.00 WELLS FARGO BANK NA 5.254 12/11/2026 250,000.00 250,000.00 11/16/2026 Coupon 00287YBF5 250,000.00 ABBVIE INC 4.25 11/14/2028 5,312.50 5,312.50 11/16/2026 Coupon 14913UAL4 405,000.00 CATERPILLAR FINANCIAL SERVICES CORP 5.0 05/14/2027 10,125.00 10,125.00
11/16/2026 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 11/16/2026 Coupon 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 23.63 23.63 11/16/2026 Principal Paydown 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 3,129.84 3,129.84 11/16/2026 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 259.20 259.20 CONFIDENTIAL | 72
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/16/2026 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 4,778.06 4,778.06 11/16/2026 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 11/16/2026 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 662.50 662.50 11/16/2026 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 428.59 428.59 11/16/2026 Principal Paydown 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 7,428.56 7,428.56 11/16/2026 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 11/16/2026 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 233.74 233.74 11/16/2026 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 4,228.39 4,228.39 11/16/2026 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 310.26 310.26 11/16/2026 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 10,759.40 10,759.40 11/16/2026 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 11/16/2026 Coupon 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 73.89 73.89 11/16/2026 Principal Paydown 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 10,501.81 10,501.81 11/16/2026 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 11/16/2026 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 11/16/2026 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 11/16/2026 Coupon 74456QBY1 250,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.2 05/15/2029 4,000.00 4,000.00
11/16/2026 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 11/16/2026 Coupon 89236TMF9 400,000.00 TOYOTA MOTOR CREDIT CORP 5.05 05/16/2029 10,100.00 10,100.00 11/16/2026 Coupon 89236TNJ0 240,000.00 TOYOTA MOTOR CREDIT CORP 4.8 05/15/2030 5,760.00 5,760.00 11/16/2026 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 293.02 293.02 11/16/2026 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 5,121.17 5,121.17 11/16/2026 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 11/16/2026 Coupon 9128283F5 700,000.00 UNITED STATES TREASURY 2.25 11/15/2027 7,875.00 7,875.00 11/16/2026 Coupon 9128283F5 800,000.00 UNITED STATES TREASURY 2.25 11/15/2027 9,000.00 9,000.00 11/16/2026 Coupon 9128285M8 400,000.00 UNITED STATES TREASURY 3.125 11/15/2028 6,250.00 6,250.00 11/16/2026 Coupon 9128285M8 700,000.00 UNITED STATES TREASURY 3.125 11/15/2028 10,937.50 10,937.50 11/16/2026 Coupon 912828U24 625,000.00 UNITED STATES TREASURY 2.0 11/15/2026 6,250.00 6,250.00 11/16/2026 Final Maturity 912828U24 625,000.00 UNITED STATES TREASURY 2.0 11/15/2026 625,000.00 625,000.00 11/16/2026 Coupon 912828X88 350,000.00 UNITED STATES TREASURY 2.375 05/15/2027 4,156.25 4,156.25 11/16/2026 Coupon 91282CND9 700,000.00 UNITED STATES TREASURY 3.75 05/15/2028 13,125.00 13,125.00 CONFIDENTIAL | 73
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/16/2026 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 11/16/2026 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 11/17/2026 Coupon 58933YBH7 90,000.00 MERCK & CO INC 4.05 05/17/2028 1,822.50 1,822.50 11/20/2026 Coupon 3133ERFJ5 330,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 7,425.00 7,425.00
11/20/2026 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 11/20/2026 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 416.88 416.88 11/20/2026 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 526.23 526.23 11/20/2026 Principal Paydown 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 16,715.14 16,715.14 11/20/2026 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 538.63 538.63 11/20/2026 Coupon 532457DK1 95,000.00 ELI LILLY AND CO 4.15 05/20/2029 1,971.25 1,971.25 11/20/2026 Coupon 532457DL9 125,000.00 ELI LILLY AND CO 4.375 05/20/2031 2,734.38 2,734.38 11/20/2026 Coupon 747525BU6 250,000.00 QUALCOMM INC 4.5 05/20/2030 5,625.00 5,625.00 11/20/2026 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 11/23/2026 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 11/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 11/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 11/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 11/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 11/25/2026 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 721.47 721.47 11/25/2026 Principal Paydown 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 11,470.41 11,470.41 11/25/2026 Coupon 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 707.34 707.34 11/25/2026 Principal Paydown 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 53,637.53 53,637.53 11/25/2026 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 457.48 457.48 11/25/2026 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 276.45 276.45 11/25/2026 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 11/25/2026 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 11/25/2026 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,293.20 1,293.20 11/25/2026 Principal Paydown 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 823.26 823.26 11/25/2026 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 11/25/2026 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 11/25/2026 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 CONFIDENTIAL | 74
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2026 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 11/25/2026 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 11/25/2026 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 11/25/2026 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 11/25/2026 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,055.94 1,055.94 11/25/2026 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 392.88 392.88 11/25/2026 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 11/25/2026 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 11/25/2026 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 11/25/2026 Coupon 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 272.98 272.98 11/25/2026 Principal Paydown 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 218.07 218.07 11/25/2026 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 11/30/2026 Coupon 91282CHF1 700,000.00 UNITED STATES TREASURY 3.75 05/31/2030 13,125.00 13,125.00 11/30/2026 Coupon 91282CMA6 200,000.00 UNITED STATES TREASURY 4.125 11/30/2029 4,125.00 4,125.00 11/30/2026 Coupon 91282CNE7 700,000.00 UNITED STATES TREASURY 3.875 05/31/2027 13,562.50 13,562.50 11/30/2026 Coupon 91282CPN5 250,000.00 UNITED STATES TREASURY 3.5 11/30/2030 4,375.00 4,375.00 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 1,004,480.96 280,279.62 1,284,760.58
DECEMBER 2026
12/01/2026 Coupon 023135CQ7 250,000.00 AMAZON.COM INC 4.65 12/01/2029 5,812.50 5,812.50 12/01/2026 Coupon 26444HAH4 450,000.00 DUKE ENERGY FLORIDA LLC 2.5 12/01/2029 5,625.00 5,625.00 12/07/2026 Coupon 24422EYE3 250,000.00 JOHN DEERE CAPITAL CORP 4.55 06/05/2030 5,687.50 5,687.50 12/07/2026 Coupon 3133ERGL9 450,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 06/07/2028 10,125.00 10,125.00
12/11/2026 Coupon 009158BN5 240,000.00 AIR PRODUCTS AND CHEMICALS INC 4.3 06/11/2028 5,160.00 5,160.00
12/15/2026 Coupon 26444HAJ0 275,000.00 DUKE ENERGY FLORIDA LLC 1.75 06/15/2030 2,406.25 2,406.25 12/15/2026 Coupon 3133EPN50 650,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.25 12/15/2028 13,812.50 13,812.50
12/15/2026 Coupon 341081GT8 330,000.00 FLORIDA POWER & LIGHT CO 5.15 06/15/2029 8,497.50 8,497.50 12/15/2026 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 CONFIDENTIAL | 75
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2026 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 12/15/2026 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 662.50 662.50 12/15/2026 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 401.29 401.29 12/15/2026 Principal Paydown 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 7,036.88 7,036.88 12/15/2026 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 12/15/2026 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 216.69 216.69 12/15/2026 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 4,015.44 4,015.44 12/15/2026 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 261.13 261.13 12/15/2026 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 7,391.84 7,391.84 12/15/2026 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 12/15/2026 Coupon 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 36.87 36.87 12/15/2026 Principal Paydown 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 9,289.80 9,289.80 12/15/2026 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 12/15/2026 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 12/15/2026 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 12/15/2026 Coupon 87612EBU9 250,000.00 TARGET CORP 4.35 06/15/2028 5,437.50 5,437.50 12/15/2026 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 12/15/2026 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 274.24 274.24 12/15/2026 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 4,868.11 4,868.11 12/15/2026 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 12/15/2026 Coupon 91282CJP7 300,000.00 UNITED STATES TREASURY 4.375 12/15/2026 6,562.50 6,562.50 12/15/2026 Final Maturity 91282CJP7 300,000.00 UNITED STATES TREASURY 4.375 12/15/2026 300,000.00 300,000.00 12/15/2026 Coupon 91282CMB4 700,000.00 UNITED STATES TREASURY 4.0 12/15/2027 14,000.00 14,000.00 12/15/2026 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 12/15/2026 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 12/16/2026 Coupon 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 11.97 11.97 12/16/2026 Principal Paydown 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 2,992.63 2,992.63 12/16/2026 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 241.68 241.68 12/16/2026 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 4,530.75 4,530.75 12/21/2026 Coupon 17305EHA6 190,000.00 CCCIT 2025-A1 A1 4.3 06/21/2030 4,085.00 4,085.00 12/21/2026 Coupon 17305EHA6 265,000.00 CCCIT 2025-A1 A1 4.3 06/21/2030 5,697.50 5,697.50 CONFIDENTIAL | 76
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/21/2026 Coupon 29379VCJ0 250,000.00 ENTERPRISE PRODUCTS OPERATING LLC 4.3 06/20/2028 5,375.00 5,375.00
12/21/2026 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 12/21/2026 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 416.88 416.88 12/21/2026 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 462.43 462.43 12/21/2026 Principal Paydown 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 21,264.92 21,264.92 12/21/2026 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 538.63 538.63 12/21/2026 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 12/21/2026 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 12/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 12/25/2026 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 595.50 595.50 12/25/2026 Principal Paydown 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 1,469.38 1,469.38 12/25/2026 Principal Paydown 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 1,469.38 1,469.38 12/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 12/25/2026 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 12/25/2026 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 677.88 677.88 12/25/2026 Principal Paydown 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 10,453.33 10,453.33 12/25/2026 Coupon 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 554.02 554.02 12/25/2026 Principal Paydown 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 157,175.89 157,175.89 12/25/2026 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 456.76 456.76 12/25/2026 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 5,194.14 5,194.14 12/25/2026 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 12/25/2026 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 12/25/2026 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,290.90 1,290.90 12/25/2026 Principal Paydown 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 880.02 880.02 12/25/2026 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 12/25/2026 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 12/25/2026 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 12/25/2026 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 12/25/2026 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 12/25/2026 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 12/25/2026 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 CONFIDENTIAL | 77
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2026 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,054.71 1,054.71 12/25/2026 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 427.96 427.96 12/25/2026 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 12/25/2026 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 12/25/2026 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 12/25/2026 Coupon 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 272.70 272.70 12/25/2026 Principal Paydown 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 107,384.08 107,384.08 12/25/2026 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 12/28/2026 Coupon 437076DC3 295,000.00 HOME DEPOT INC 4.75 06/25/2029 7,006.25 7,006.25 12/31/2026 Coupon 91282CEV9 700,000.00 UNITED STATES TREASURY 3.25 06/30/2029 11,375.00 11,375.00 12/31/2026 Coupon 91282CGB1 700,000.00 UNITED STATES TREASURY 3.875 12/31/2029 13,562.50 13,562.50 12/31/2026 Coupon 91282CGC9 500,000.00 UNITED STATES TREASURY 3.875 12/31/2027 9,687.50 9,687.50 12/31/2026 Coupon 91282CNK3 700,000.00 UNITED STATES TREASURY 3.875 06/30/2030 13,562.50 13,562.50 12/31/2026 Coupon 91282CNL1 800,000.00 UNITED STATES TREASURY 3.75 06/30/2027 15,000.00 15,000.00 12/31/2026 Coupon 91282CPR6 250,000.00 UNITED STATES TREASURY 3.625 12/31/2030 4,531.25 4,531.25 December 2026
Total 645,844.57 204,826.37 850,670.94
JANUARY 2027
01/04/2027 Coupon 74464AAC5 215,000.00 PUBLIC STORAGE OPERATING CO 4.375 07/01/2030 4,703.13 4,703.13
01/06/2027 Coupon 61776NVE0 250,000.00 MORGAN STANLEY PRIVATE BANK NA 4.466 07/06/2028 5,582.50 5,582.50
01/06/2027 Coupon 61776NVE0 250,000.00 MORGAN STANLEY PRIVATE BANK NA 4.466 07/06/2028 5,582.50 5,582.50
01/07/2027 Coupon 24422EXZ7 280,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 6,510.00 6,510.00 01/12/2027 Coupon 459058KT9 250,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 4,375.00 4,375.00
01/15/2027 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 01/15/2027 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 01/15/2027 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 662.50 662.50 01/15/2027 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 375.43 375.43 01/15/2027 Principal Paydown 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 6,921.20 6,921.20 01/15/2027 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 CONFIDENTIAL | 78
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2027 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 200.49 200.49 01/15/2027 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 3,948.92 3,948.92 01/15/2027 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 227.37 227.37 01/15/2027 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 11,397.87 11,397.87 01/15/2027 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 01/15/2027 Coupon 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 4.12 4.12 01/15/2027 Effective Maturity 58769GAD5 103,085.30 MBALT 2024-B A3 4.23 02/15/2028 1,169.96 1,169.96 01/15/2027 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 01/15/2027 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 01/15/2027 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 01/15/2027 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 01/15/2027 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 256.39 256.39 01/15/2027 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 4,787.44 4,787.44 01/15/2027 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 01/15/2027 Coupon 91282CKZ3 1,000,000.00 UNITED STATES TREASURY 4.375 07/15/2027 21,875.00 21,875.00 01/15/2027 Coupon 91282CNM9 700,000.00 UNITED STATES TREASURY 3.875 07/15/2028 13,562.50 13,562.50 01/15/2027 Coupon 91282CPT2 500,000.00 UNITED STATES TREASURY 3.5 01/15/2029 8,750.00 8,750.00 01/15/2027 Coupon 91324PEU2 350,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 7,437.50 7,437.50 01/15/2027 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 01/15/2027 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 01/18/2027 Coupon 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 0.82 0.82 01/18/2027 Effective Maturity 362583AD8 26,336.66 GMCAR 2023-2 A3 4.47 02/16/2028 221.25 221.25 01/18/2027 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 225.07 225.07 01/18/2027 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 4,457.28 4,457.28 01/19/2027 Coupon 713448FX1 295,000.00 PEPSICO INC 4.5 07/17/2029 6,637.50 6,637.50 01/19/2027 Coupon 78016HZT0 150,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 3,656.25 3,656.25 01/19/2027 Final Maturity 78016HZT0 150,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 150,000.00 150,000.00 01/20/2027 Coupon 025816EJ4 285,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 6,200.18 6,200.18 01/20/2027 Coupon 025816EJ4 290,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 6,308.95 6,308.95 01/20/2027 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 01/20/2027 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 416.88 416.88 01/20/2027 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 381.27 381.27 CONFIDENTIAL | 79
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/20/2027 Principal Paydown 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 21,787.27 21,787.27 01/20/2027 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 538.63 538.63 01/20/2027 Principal Paydown 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 16,278.53 16,278.53 01/20/2027 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 01/21/2027 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 01/22/2027 Coupon 06406RCG0 245,000.00 BANK OF NEW YORK MELLON CORP 4.026 01/22/2030 4,931.85 4,931.85
01/25/2027 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 590.64 590.64 01/25/2027 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 590.64 590.64 01/25/2027 Principal Paydown 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 22,784.67 22,784.67 01/25/2027 Principal Paydown 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 22,784.67 22,784.67 01/25/2027 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 01/25/2027 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 01/25/2027 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 638.16 638.16 01/25/2027 Principal Paydown 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 10,279.61 10,279.61 01/25/2027 Coupon 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 104.76 104.76 01/25/2027 Final Maturity 3137BVZ82 316,283.09 FHMS K-063 A2 3.43 01/25/2027 36,650.87 36,650.87 01/25/2027 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 443.27 443.27 01/25/2027 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 8,302.91 8,302.91 01/25/2027 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 01/25/2027 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 01/25/2027 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,288.44 1,288.44 01/25/2027 Principal Paydown 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 828.55 828.55 01/25/2027 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 01/25/2027 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 01/25/2027 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 01/25/2027 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 01/25/2027 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 01/25/2027 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 01/25/2027 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 01/25/2027 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,053.36 1,053.36 01/25/2027 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 395.70 395.70 CONFIDENTIAL | 80
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/25/2027 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 01/25/2027 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 01/25/2027 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 01/25/2027 Coupon 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 134.44 134.44 01/25/2027 Final Maturity 3137FTFK8 350,000.00 FHMS K-738 A2 1.545 01/25/2027 104,420.58 104,420.58 01/25/2027 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 01/25/2027 Coupon 713448GH5 250,000.00 PEPSICO INC 4.3 07/23/2030 5,375.00 5,375.00 01/25/2027 Coupon 808513AU9 250,000.00 CHARLES SCHWAB CORP 3.2 01/25/2028 4,000.00 4,000.00 01/25/2027 Coupon 95000U4D2 250,000.00 WELLS FARGO & CO 4.182 01/23/2030 5,227.50 5,227.50 01/26/2027 Coupon 17275RBQ4 170,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 3,400.00 3,400.00 01/26/2027 Effective Maturity 17275RBQ4 170,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 170,000.00 170,000.00 01/29/2027 Coupon 06406RAF4 250,000.00 BANK OF NEW YORK MELLON CORP 3.4 01/29/2028 4,250.00 4,250.00
January 2027 Total 597,417.28 159,293.39 756,710.67
FEBRUARY 2027
02/01/2027 Coupon 459058KW2 250,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.625 08/01/2028 5,781.25 5,781.25
02/01/2027 Coupon 69371RS80 410,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 9,430.00 9,430.00 02/01/2027 Coupon 91282CGH8 700,000.00 UNITED STATES TREASURY 3.5 01/31/2028 12,250.00 12,250.00 02/01/2027 Coupon 91282CJW2 700,000.00 UNITED STATES TREASURY 4.0 01/31/2029 14,000.00 14,000.00 02/01/2027 Coupon 91282CNN7 200,000.00 UNITED STATES TREASURY 3.875 07/31/2030 3,875.00 3,875.00 02/01/2027 Coupon 91282CNN7 700,000.00 UNITED STATES TREASURY 3.875 07/31/2030 13,562.50 13,562.50 02/01/2027 Coupon 91282CNP2 700,000.00 UNITED STATES TREASURY 3.875 07/31/2027 13,562.50 13,562.50 02/01/2027 Coupon 91282CPW5 350,000.00 UNITED STATES TREASURY 3.75 01/31/2031 6,562.50 6,562.50 02/08/2027 Coupon 009158BH8 250,000.00 AIR PRODUCTS AND CHEMICALS INC 4.6 02/08/2029 5,750.00 5,750.00
02/12/2027 Coupon 92826CAZ5 235,000.00 VISA INC 4.1 02/12/2031 4,817.50 4,817.50 02/15/2027 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 02/15/2027 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 363.13 363.13 02/15/2027 Principal Paydown 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 4,039.19 4,039.19 02/15/2027 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 662.50 662.50 02/15/2027 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 350.00 350.00 CONFIDENTIAL | 81
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2027 Principal Paydown 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 6,852.68 6,852.68 02/15/2027 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 02/15/2027 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 184.57 184.57 02/15/2027 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 3,747.24 3,747.24 02/15/2027 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 175.32 175.32 02/15/2027 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 10,645.33 10,645.33 02/15/2027 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 02/15/2027 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 02/15/2027 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 02/15/2027 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 02/15/2027 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 02/15/2027 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 238.84 238.84 02/15/2027 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 4,735.60 4,735.60 02/15/2027 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 02/16/2027 Coupon 14913UBB5 250,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.1 08/15/2028 5,125.00 5,125.00
02/16/2027 Coupon 171239AL0 250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 5,812.50 5,812.50 02/16/2027 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 208.72 208.72 02/16/2027 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 4,413.29 4,413.29 02/16/2027 Coupon 459058KQ5 350,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 02/14/2030 6,781.25 6,781.25
02/16/2027 Coupon 9128283W8 700,000.00 UNITED STATES TREASURY 2.75 02/15/2028 9,625.00 9,625.00 02/16/2027 Coupon 912828V98 700,000.00 UNITED STATES TREASURY 2.25 02/15/2027 7,875.00 7,875.00 02/16/2027 Final Maturity 912828V98 700,000.00 UNITED STATES TREASURY 2.25 02/15/2027 700,000.00 700,000.00 02/16/2027 Coupon 912828YB0 150,000.00 UNITED STATES TREASURY 1.625 08/15/2029 1,218.75 1,218.75 02/16/2027 Coupon 912828Z94 400,000.00 UNITED STATES TREASURY 1.5 02/15/2030 3,000.00 3,000.00 02/16/2027 Coupon 91282CLG4 700,000.00 UNITED STATES TREASURY 3.75 08/15/2027 13,125.00 13,125.00 02/16/2027 Coupon 91282CLG4 700,000.00 UNITED STATES TREASURY 3.75 08/15/2027 13,125.00 13,125.00 02/16/2027 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 02/16/2027 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 02/18/2027 Coupon 857477CL5 365,000.00 STATE STREET CORP 4.993 03/18/2027 7,593.52 7,593.52 02/18/2027 Effective Maturity 857477CL5 365,000.00 STATE STREET CORP 4.993 03/18/2027 365,000.00 365,000.00 CONFIDENTIAL | 82
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/22/2027 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 02/22/2027 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 416.88 416.88 02/22/2027 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 298.11 298.11 02/22/2027 Principal Paydown 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 17,634.24 17,634.24 02/22/2027 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 482.06 482.06 02/22/2027 Principal Paydown 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 16,467.83 16,467.83 02/22/2027 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 02/22/2027 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 02/24/2027 Coupon 17275RBX9 250,000.00 CISCO SYSTEMS INC 4.75 02/24/2030 5,937.50 5,937.50 02/25/2027 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 515.26 515.26 02/25/2027 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 515.26 515.26 02/25/2027 Principal Paydown 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 16,866.74 16,866.74 02/25/2027 Principal Paydown 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 16,866.74 16,866.74 02/25/2027 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 02/25/2027 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 02/25/2027 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 599.10 599.10 02/25/2027 Principal Paydown 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 10,175.51 10,175.51 02/25/2027 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 421.70 421.70 02/25/2027 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 2,608.91 2,608.91 02/25/2027 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,004.50 1,004.50 02/25/2027 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,435.00 1,435.00 02/25/2027 Principal Paydown 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 342.86 342.86 02/25/2027 Principal Paydown 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 489.80 489.80 02/25/2027 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,286.13 1,286.13 02/25/2027 Principal Paydown 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 831.11 831.11 02/25/2027 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 02/25/2027 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 02/25/2027 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 02/25/2027 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 02/25/2027 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 02/25/2027 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 02/25/2027 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 CONFIDENTIAL | 83
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2027 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,052.12 1,052.12 02/25/2027 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 397.05 397.05 02/25/2027 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 02/25/2027 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 02/25/2027 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 02/25/2027 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 February 2027
Total 1,182,114.11 199,011.68 1,381,125.79
MARCH 2027
03/01/2027 Coupon 91282CGQ8 380,000.00 UNITED STATES TREASURY 4.0 02/28/2030 7,600.00 7,600.00 03/01/2027 Coupon 91282CGQ8 700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 14,000.00 14,000.00 03/01/2027 Coupon 91282CLK5 700,000.00 UNITED STATES TREASURY 3.625 08/31/2029 12,687.50 12,687.50 03/01/2027 Coupon 91282CQD6 700,000.00 UNITED STATES TREASURY 3.5 02/28/2031 12,250.00 12,250.00 03/01/2027 Coupon 91282CQD6 700,000.00 UNITED STATES TREASURY 3.5 02/28/2031 12,250.00 12,250.00 03/09/2027 Coupon 002824BR0 275,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 5,087.50 5,087.50 03/09/2027 Coupon 57636QAW4 290,000.00 MASTERCARD INC 4.875 03/09/2028 7,068.75 7,068.75 03/10/2027 Coupon 3130ATS57 700,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 15,750.00 15,750.00 03/15/2027 Coupon 12572QAL9 250,000.00 CME GROUP INC 4.4 03/15/2030 5,500.00 5,500.00 03/15/2027 Coupon 34532BAG6 170,000.00 FORDO 2025-B A3 3.91 04/15/2030 553.92 553.92 03/15/2027 Coupon 437076DJ8 250,000.00 HOME DEPOT INC 3.95 09/15/2030 4,937.50 4,937.50 03/15/2027 Coupon 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 349.16 349.16 03/15/2027 Principal Paydown 437921AD1 105,000.00 HAROT 252 A3 4.15 10/15/2029 6,242.74 6,242.74 03/15/2027 Coupon 43814YAD3 265,000.00 HAROT 2026-2 A3 4.3 11/15/2030 662.50 662.50 03/15/2027 Coupon 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 324.82 324.82 03/15/2027 Principal Paydown 448976AD2 140,000.00 HART 2024-C A3 4.41 05/15/2029 6,656.69 6,656.69 03/15/2027 Coupon 448981AD2 230,000.00 HART 2026-A A3 3.79 02/18/2031 726.42 726.42 03/15/2027 Coupon 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 169.45 169.45 03/15/2027 Principal Paydown 44934QAD3 85,659.75 HART 2024-B A3 4.84 03/15/2029 3,557.10 3,557.10 03/15/2027 Coupon 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 126.71 126.71 03/15/2027 Principal Paydown 47787CAC7 142,933.11 JDOT 2023-C A3 5.48 05/15/2028 8,034.43 8,034.43 03/15/2027 Coupon 47787DAD3 120,000.00 JDOT 2026 A3 3.87 08/15/2030 444.00 444.00 03/15/2027 Coupon 58770XAD5 360,000.00 MBALT 2025-B A3 3.88 04/16/2029 1,164.00 1,164.00 CONFIDENTIAL | 84
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2027 Coupon 58770YAD3 95,000.00 MBALT 2026-A A3 3.93 01/15/2030 311.13 311.13 03/15/2027 Coupon 58770YAD3 100,000.00 MBALT 2026-A A3 3.93 01/15/2030 327.50 327.50 03/15/2027 Coupon 58933YBQ7 250,000.00 MERCK & CO INC 4.15 09/15/2030 5,187.50 5,187.50 03/15/2027 Coupon 63743HFJ6 240,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 5.05 09/15/2028 6,060.00 6,060.00
03/15/2027 Coupon 89231GAD0 220,000.00 TAOT 2025-D A3 3.84 06/17/2030 704.00 704.00 03/15/2027 Coupon 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 221.47 221.47 03/15/2027 Principal Paydown 89239TAD4 105,000.00 TAOT 2024-D A3 4.4 06/15/2029 4,605.76 4,605.76 03/15/2027 Coupon 89240KAD0 145,000.00 TAOT 2026-A A3 3.86 09/15/2030 466.42 466.42 03/15/2027 Coupon 91282CLL3 700,000.00 UNITED STATES TREASURY 3.375 09/15/2027 11,812.50 11,812.50 03/15/2027 Coupon 91282CMS7 700,000.00 UNITED STATES TREASURY 3.875 03/15/2028 13,562.50 13,562.50 03/15/2027 Coupon 92970QAK1 125,000.00 WFCIT 2026-1 A 4.08 04/15/2031 425.00 425.00 03/15/2027 Coupon 92970QAK1 255,000.00 WFCIT 2026-1 A 4.08 04/15/2031 867.00 867.00 03/16/2027 Coupon 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 192.54 192.54 03/16/2027 Principal Paydown 38014AAD3 95,000.00 GMCAR 2024-4 A3 4.4 08/16/2029 4,288.37 4,288.37 03/22/2027 Coupon 36273VAD7 195,000.00 GMALT 2026-1 A3 3.88 01/22/2029 630.50 630.50 03/22/2027 Coupon 36275AAD1 115,000.00 GMALT 2026-2 A3 4.35 03/20/2029 416.88 416.88 03/22/2027 Coupon 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 230.81 230.81 03/22/2027 Principal Paydown 362962AD4 155,000.00 GMALT 2025-2 A3 4.58 05/22/2028 15,670.82 15,670.82 03/22/2027 Coupon 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 424.83 424.83 03/22/2027 Principal Paydown 379965AD8 155,000.00 GMALT 2025-3 A3 4.17 08/21/2028 21,350.91 21,350.91 03/22/2027 Coupon 43815CAD0 175,000.00 HAROT 2026-1 A3 3.78 09/23/2030 551.25 551.25 03/22/2027 Coupon 459058LR2 205,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 4,228.13 4,228.13
03/22/2027 Coupon 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 958.38 958.38 03/22/2027 Effective Maturity 92348KDY6 255,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 255,000.00 255,000.00 03/25/2027 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 459.46 459.46 03/25/2027 Coupon 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 459.46 459.46 03/25/2027 Principal Paydown 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 17,148.06 17,148.06 03/25/2027 Principal Paydown 05594HAD5 180,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 17,148.06 17,148.06 03/25/2027 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 03/25/2027 Coupon 05594YAD8 160,000.00 BMWLT 2026-1 A3 4.15 05/25/2029 640.00 640.00 CONFIDENTIAL | 85
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/25/2027 Coupon 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 560.43 560.43 03/25/2027 Principal Paydown 096924AD7 220,000.00 BMWOT 2025-A A3 4.56 09/25/2029 9,882.19 9,882.19 03/25/2027 Coupon 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 414.93 414.93 03/25/2027 Principal Paydown 3137F2LJ3 177,829.25 FHMS K-066 A2 3.117 06/25/2027 29,524.57 29,524.57 03/25/2027 Coupon 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 1,003.52 1,003.52 03/25/2027 Coupon 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,433.59 1,433.59 03/25/2027 Principal Paydown 3137FEBQ2 350,000.00 FHMS K-072 A2 3.444 12/25/2027 737.13 737.13 03/25/2027 Principal Paydown 3137FEBQ2 500,000.00 FHMS K-072 A2 3.444 12/25/2027 1,053.04 1,053.04 03/25/2027 Coupon 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 1,283.81 1,283.81 03/25/2027 Principal Paydown 3137FETN0 465,000.00 FHMS K-073 A2 3.35 01/25/2028 995.28 995.28 03/25/2027 Coupon 3137FHPJ6 325,000.00 FHMS K-080 A2 3.926 07/25/2028 1,063.29 1,063.29 03/25/2027 Coupon 3137FJEH8 155,000.00 FHMS K-081 A2 3.9 08/25/2028 503.75 503.75 03/25/2027 Coupon 3137FJKE8 220,000.00 FHMS K-082 A2 3.92 09/25/2028 718.67 718.67 03/25/2027 Coupon 3137FJKE8 460,000.00 FHMS K-082 A2 3.92 09/25/2028 1,502.67 1,502.67 03/25/2027 Coupon 3137FJXV6 297,000.00 FHMS K-083 A2 4.05 09/25/2028 1,002.38 1,002.38 03/25/2027 Coupon 3137FJZ93 240,000.00 FHMS K-084 A2 3.78 10/25/2028 756.00 756.00 03/25/2027 Coupon 3137FK4M5 350,000.00 FHMS K-085 A2 4.06 10/25/2028 1,184.17 1,184.17 03/25/2027 Coupon 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 1,050.87 1,050.87 03/25/2027 Principal Paydown 3137FKUP9 338,450.29 FHMS K-087 A2 3.771 12/25/2028 498.99 498.99 03/25/2027 Coupon 3137FLN91 350,000.00 FHMS K-091 A2 3.505 03/25/2029 1,022.29 1,022.29 03/25/2027 Coupon 3137FMTY8 700,000.00 FHMS K-094 A2 2.903 06/25/2029 1,693.42 1,693.42 03/25/2027 Coupon 3137FRUT6 350,000.00 FHMS K-106 A2 2.069 01/25/2030 603.46 603.46 03/25/2027 Coupon 3137H4BY5 315,000.00 FHMS K-746 A2 2.031 09/25/2028 533.14 533.14 03/26/2027 Coupon 743315AW3 250,000.00 PROGRESSIVE CORP 3.2 03/26/2030 4,000.00 4,000.00 03/26/2027 Coupon 743315AW3 300,000.00 PROGRESSIVE CORP 3.2 03/26/2030 4,800.00 4,800.00 March 2027 Total 402,394.14 176,559.82 578,953.97
Grand Total 266,076,797.35 10,297,290.80 2,299,090.06 12,596,380.86 CONFIDENTIAL | 86
City of Gardena Cons | Account #10647 | As of April 30, 2026 Execution Time: 05/08/2026 03:04:13 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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.

LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end.

City of Gardena
Gardena City Council
Meeting

AGENDA REPORT

SUMMARY

Agenda Item No. 10F.

Section: CONSENT

CALENDAR
Meeting Date: May 26,
2026
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE: Authorize South Bay Workforce Investment Board, Inc. Paid Work Experience Program Worksite Agency Agreement No. 25-W423, for a period through October 31, 2027.

COUNCIL ACTION REQUIRED:

Staff respectfully recommends that the City Council approve the contract between the South Bay Workforce Investment Board, Inc. And the City of Gardena, through October 31, 2027.

RECOMMENDATION AND STAFF SUMMARY:

The City of Gardena has a long-standing partnership with the South Bay Workforce Investment Board, Inc. (SBWIB). Through this partnership, the City is able to provide a platform to members of the community to gain valuable, real-life work training with the ultimate goal of preparing participants for permanent employment and self- sufficiency. The program is at no cost to the City. The SBWIB pays participants directly.

The City has utilized SBWIB programs in the past, with successful results; leading to a number of participants being hired as City employees, at the conclusion of the program.

FISCAL IMPACT/COST:

None

APPROVED:
___________________________
Clint Osorio, City Manager
Attachments
City of Gardena WIOA PWE 25-W423.pdf
1 SOUTH BAY WORKFORCE INVESTMENT BOARD, INC.

PAID WORK EXPERIENCE PROGRAM
WORKSITE AGENCY AGREEMENT NO. 25-W423

This document constitutes a non -financial agreement between the South Bay Workforce Investment Board, Inc., on behalf of the City of Inglewood , and hereinafter referred to as “SBWIB, INC.” and the City of Gardena , hereinafter referred to as Worksite Agency. This Agreement, when executed, shall be in effect from the date of signature to October 31, 2027.

The Worksite Agency agrees to do the following:

1. Provide work experience training for participants, based on Exhibit A, Slot Request Form. If the Worksite determines that a change of job duties is necessary, the SBWIB, I NC. must be contacted for approval.

2. Provide a safe, healthy work environment for all participants.

3. Ensure that time and attendance records will be kept by the Worksite Supervisors and will reflect the actual time worked. The absence and tardiness policies as outli ned in the Worksite Supervisors Handbook will be enforced. The standard Work Experience Time Sheet wil l be used for participants to record time and attendance. Participants shall sign in whe n reporting to work and sign out at the completion of the specified hours as described in the Slot Request Form (see Exhibit A). In no case will a participant be allowed to sign in and out simultaneously; nor will they be paid for recreational activities or time not worked.

4. Provide sufficient work, equipment and materials.

5. Ensure that participants will not be placed at Worksites dealing with the mai ntenance or upkeep of religious institutions or where religious activities are conducted at any time .

Instruction and participation in religious activities are also prohibited.

6. Ensure that participants do not engage in political, union, religious or fundraising acti vities during work hours.

7. All Worksite supervisors are required to provide a Worksite Orientation to each participant.

The purpose of the Orientation is to familiarize participant with their worksite and job duties; and the supervisor's expectations about their performance, attitude, conduct and appearance.

Discussing other relevant information is encouraged.

8. Release participants for workshops, counseling and related activities as sc heduled by SBWIB, INC.

9. Notify SBWIB, INC. of participant actions that require corrective measures, counseling, discipline or termination from the program.

10. Ensure that participants are supervised at all times.

2 11. Prohibit participants from being supervised by a member of their family.

12. Designate a qualified alternate supervisor who has received a Work Experie nce Program Supervisor Orientation to supervise the participant(s) if a regular super visor is absent. The Worksite must advise SBWIB, INC. if a new supervisor is assigned to the participant(s).

13. Follow set procedures when handling work related injuries and illnesses as discusse d in the Supervisor’s Orientation.

14. Not to exceed a ratio of one (1) supervisor for seven (7) participants.

15. Comply with the Fair Labor Standards Act, applicable California and Federal Child Labor Laws, California Education Code including Work Permits for Students and Workforce Investment and Opportunity Act ( WIOA) rules and regulations governing the Work Experience Program.

16. Make all worksite records and personnel available for monitoring by Federal, St ate, County and agency monitors.

17. Not hire any participants if the employer has terminated any regular employee or reduc ed the workforce with the intention of filling the vacancies with participants whose wa ges are subsidized under this Agreement.

18. Ensure that no program participant will displace any regular employee , and that the regular employee “bargaining” representative (if applicable) has been informed of and does not object to this Agreement. Any misrepresentation of this assurance may subject Worksite A gency to removal of participant from Worksite.

Union Concurrence Yes No N/A
Union Representative: Name____________________________ Title_____________________________
Union Affiliation: _________________________________

19. Provide a work environment free from harassment or discrimination of any kind.

20. Worksite is required to maintain current insurance coverages throughout the term of this Agreement as follows:

A. General Liability
WORKSITE is required to maintain a general liability insurance po licy (written on ISO policy form CG00 01 or its equivalent) with limits of not less than the following:

General Aggregate: $2 million
Products /Completed Operations Aggregate: $1 million
Personal and Advertising Injury $1 million
3 Each Occurrence: $1 million

B. Automobile Liability
If a Worksite Agency, in conducting activities under this Agreement, uses motor vehicles, the Worksite Agency is required to maintain an automobile insurance policy (written on ISO policy form CA 00 01 or its equivalent) with a limit of liabil ity of not less than $1 million for each accident. Such insurance shall include coverage for all “owned ”, “hired” and “non -owned” vehicles, or coverage for “any auto.” Should Worksite Agency and its employees not use any motor vehicles to provide the services required under this agreement, Worksite Agency shall furnish to SBWIB, INC. on Worksite Agency’s letterhead, a letter stating “ Neither participant vehicles nor Company owned or operated vehicles will not be used to perform any of the services contemplated by the agreement between Worksite Agency and SBWIB, Inc.”

C. Endorsements on General Liability and Automobile Certificates must read:

“The City of Inglewood, The South Bay Workforce Investment Board, Inc., its Employees, Officers and Agents; and the County of Los Angeles, its Special Districts, its Officials, Officers and Employees are included as additional insured on General Liability Insurance.”

D. Workers Compensation and Employers’ Liability
Worksite Agency is required to maintain and provide evidence of insurance providing workers compensation benefits for Worksite Agency employees, as required by the Labor Code of the State of California or by any other state, and for which sub -contractor is responsible. Such insurance also shall include Employers' Liability coverage w ith limits of not less than the following:

Each Accident: $1 million
Disease - policy limit: $1 million
Disease - each employee: $1 million

Worksite Agency shall provide an original Certificate of Workers Compensation naming SBWIB, Inc. as certificate holder: (see below)

Worksite Agency shall not be responsible to provide workers compensation benefits for participants under this subcontract agreement. The parties hereto further agree and recognize that the participants assigned to Worksite Agency’s worksites are not employees of Worksite Agency and are not entitled to any benefits to which Worksite Agency employees are entitled, i ncluding, but not limited to, unemployment insurance, state disability, or health insurance . For such purposes, SBWIB, Inc. shall be the employer of record.

E. Equivalent or Self-Insurance Coverage
4 Notwithstanding the insurance required above, the SBWIB, INC., at its own option, may accept as an equivalent for any such coverage, evidence of an ongoing program of self-insurance together with excess coverage. Said equivalent, in order to satisfy the requirement herein contained, shall be subject to approval of the Attorney for the SBWIB, INC.

SBWIB, INC. will:

1. Provide an Orientation to Worksite Supervisors and Alternates. The Orientat ion shall consist of program goals, regulations, policies and procedures; and will be conducted at the discr etion of SBWIB, INC.

2. Determine the maximum number of hours each participant may work per day and during the overall program. Such hours will be indicated on the Slot Request Form (Attachment A).

3. Provide payroll services and Worker's Compensation Insurance for participants.

4. Monitor the worksites.

5. Initiate appropriate revisions to this Agreement, as necessary.

Termination:

This Agreement may be cancelled by either Party without cause upon ten (10) days writt en notice prior to the effective date of such termination, which shall be specified in the notice.

//
5 IN WITNESS WHEREOF, the parties herein have executed this Agreement as of the date first above written.

D ated this 1st day of November 2025

S OUTH BAY WORKFORCE
I NVESTMENT BOARD, INC.

WORKSITE AGENCY
______________________________
Signature Signature
Jan Vogel, C hief Executive Officer
Printed Name and Title P rinted Name and Title
11539 Hawthorne B lvd., 5th Floor
Address Address
Hawthorne, CA 90250-2353
City, State & Zip Code C ity, State & Zip Code
A PPROVED AS TO FORM:
_ _____________________________________________
J ack Ballas, Attorney-At-Law
City of Gardena
Tasha Cerda, Mayor
1700 W. 162nd Street
Gardena, CA 90247

ISSUE DATE
06/27/2025CERTIFICATE OF COVERAGE
Public Risk Innovation,
Solutions, and Management

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BELOW. THIS CERTIFICATE OF COVERAGE DOES NOT CONSTITUTE A

CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

C/O ALLIANT INSURANCE SERVICES, INC.
18100 VON KARMAN AVENUE, 10TH FLOOR
IRVINE, CA 92612
PHONE (949) 756-0271 / FAX (619) 699-0901
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED and/or re questing a WAIVER OF SUBROGATION, the Memorandums of Coverage must be endorsed. A stateme nt on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

AI
Coverages

THIS IS TO CERTIFY THAT THE MEMORANDUMS OF COVERAGE LISTED BE LOW HAVE BEEN ISSUED TO THE MEMBER NAMED ABOVE FOR

THE PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE COVERAGE AFFORDED BY THE MEMORANDUMS DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDITI ONS OF SUCH MEMORANDUMS. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

LTR TYPE OF COVERAGE MEMORANDUM
NUMBER

COVERAGE EFFECTIVE
DATE

COVERAGE EXPIRATION

DATE LIABILITY LIMITS
Cancellation

AUTHORIZED REPRESENTATIVE
Public Risk Innovation, Solutions, and Management
Member:

Certificate Holder

COVERAGE

AFFORDED

COVERAGE

AFFORDED

COVERAGE

AFFORDED

COVERAGE

AFFORDED
A- Public Risk Innovation, Solutions, and Management
B
C
D
Description of Operations/Locations/Vehicles/Special Items:

AS RESPECTS AGREEMENT BETWEEN CITY OF GARDENA AND SBWIB, INC. FOR GRANT PROGRAMS TO PROVIDE SUBSIDIZED EMPLOYMENT FOR DISPLACED WORKERS AND AT RISK YOUTH.

CITY OF INGLEWOOD, SBWIB, INC., ITS EMPLOYEES, OFFICERS AND A GENTS AND THE COUNTY OF LOS ANGELES, ITS SPECIAL

DISTRICTS, ITS OFFICIALS, OFFICERS AND EMPLOYEES ARE INCLUDED AS ADDITIONAL COVERED PARTIES, BUT ONLY INSOFAR AS THE OPERATIONS UNDER THIS CONTRACT ARE CONCERNED.

CITY OF GARDENA
ATTN: DIANA SCHNUR
1700 WEST 162ND STREET
GARDENA, CA 90247

SOUTH BAY WORKFORCE INVESTMENT BOARD,

SOUTH BAY ONE-STOP BUSINESS & CAREER CENTER
110 S LA BREA AVE, STE 500
INGLEWOOD, CA 90301

LICENSE #0C36861
CERTIFICATE NO.

GL1-2464
PAGE 1 OF 2

SHOULD ANY OF THE ABOVE DESCRIBED MEMORANDUMS OF COVERAGES BE CANCELLED

BEFORE THE EXPIRATION DATE THEREOF, NOTICE WIL BE DELIVERED IN ACCORDANCE WITH THE MEMORANDUMS OF COVERAGE PROVISIONS.

SOUTH BAY WORKFORCE INVESTMENT BOARD,
PRISM PE 25 EL-119Excess General Liability $1,000,00007/01/2025 07/01/2026 Limits inclusive of the Member's
Self-Insured Retention of
$750,000
General Liability Aggregate $2,000,000
X
X

CITY OF GARDENA
GRDNC
June 27, 2025
It is agreed that the “ , Covered Persons or Entities” section of the Memorandum is amended to include the person or organization named on the Certificate of Coverage, but only with respect to liability arising out of premises owned by or rented to the Member, or operations performed by or on behalf of the Member or such person or organization so designated.

Coverage provided under this endorsement is limited to the lesser of the limits stated on the Certificate of Coverage or the minimum limits required by contract.

ADDITIONAL COVERED PARTY:

It is further agreed that nothing herein shall act to increase PRISM’s limit of liability.

This endorsement is part of the Memorandum and takes effect on the effective date of the Memorandum unless another effective date is shown below. All other terms and conditions remain unchanged.

Authorized Representative
ENDORSEMENT NO. U-1
GENERAL LIABILITY 1

ADDITIONAL COVERED PARTY AMENDATORY ENDORSEMENT
Covered Party
Memorandum No.: PRISM 25 EL-00
AS RESPECTS:

NAME OF PERSON OR ORGANIZATION SCHEDULED PER ATTACHED CERTIFICATE OF COVERAGE

PER ATTACHED CERTIFICATE OF COVERAGE
Issue Date:

Effective Date:

PAGE 2 OF 2
ALL MEMBERSIssued to:

PUBLIC RISK INNOVATION, SOLUTIONS, AND MANAGEMENT
Public Risk Innovation, Solutions, and Management

ISSUE DATE
06/27/2025CERTIFICATE OF COVERAGE

PUBLIC RISK INNOVATION,

SOLUTIONS, AND MANAGEMENT

CERTIFICATE OF COVERAGE DOES NOT CONSTITITUE A CONTRACT BETWEEN THE

ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDERC/O ALLIANT INSURANCE SERVICES, INC.
18100 VON KARMAN AVENUE, 10TH FLOOR
IRVINE, CA 92612
PHONE (949) 756-0271 / FAX (619) 699-0901
Coverages

THIS IS TO CERTIFY THAT THE MEMORANDUMS OF COVERAGE AND POLICIES LISTED BELOW HAVE BEEN ISSUED TO THE MEMBER

NAMED ABOVE FOR THE PERIOD INDICATED, NOTWITHSTANDING ANY REQUIREMEN T, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE IS SUED OR MAY PERTAIN. THE COVERAGE AFFORDED

BY THE MEMORANDUMS AND POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL T HE TERMS, EXCLUSIONS, AND CONDITIONS OF SUCH MEMORANDUMS AND POLICIES.

LTR TYPE OF COVERAGE MEMORANDUM/

POLICY NUMBER

COVERAGE EFFECTIVE
DATE

COVERAGE EXPIRATION

DATE LIABILITY LIMITS
Cancellation

AUTHORIZED REPRESENTATIVE
Public Risk Innovation, Solutions, and Management
Member:

Certificate Holder

COVERAGE
AFFORDED BY:

See Attached Schedule of Insurers
B
C
D
AS RESPECTS EVIDENCE OF COVERAGE FOR AGREEMENT BETWEEN CITY OF GARDENA AND SBWIB, INC. FOR GRANT PROGRAMS TO PROVIDE SUBSIDIZED EMPLOYMENT FOR DISPLACED WORKERS AND AT RISK YOUTH.

CITY OF GARDENA
ATTN: DIANA SCHNUR
1700 WEST 162ND STREET
GARDENA, CA 90247

SOUTH BAY WORKFORCE INVESTMENT BOARD, INC

SOUTH BAY ONE-STOP BUSINESS & CAREER CENTERS
110 S. BREA AVENUE, STE. 500
INGLEWOOD, CA 90301

LICENSE #0C36861
07/01/2025 07/01/2026 WORKERS' COMPENSATION:

WC-670
CERTIFICATE NO.
$750,000 Retention
Retention
Description of Operations/Locations/Vehicles/Special Items:

LIMITS APPLY PER OCCURRENCE FOR ALL PROGRAM MEMBERS COMBINED.

SOUTH BAY WORKFORCE INVESTMENT BOARD, INC
A
IMPORTANT: If the certificate holder is requesting a WAIVER OF SUBROGATION, the Memorandums of Coverage must be endorsed. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

EXCESS WORKERS’

COMPENSATION &
EMPLOYER’S LIABILITY
Difference between
Statutory and Member's
Difference between $5,000,000
and Member’s $750,000

SHOULD ANY OF THE ABOVE DESCRIBED MEMORANDUMS OF COVERAGE/POLICIES

BE CANCELLED BEFORE THE EXPIRATION THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE MEMORANDUMS OF COVERAGE/POLICIES PROVISIONS.

EMPLOYERS' LIABILITY:

GRDNC

CITY OF GARDENA
A
PRISM PE 25 EWC-157

PUBLIC RISK INNOVATION, SOLUTIONS, AND MANAGEMENT

EXCESS WORKERS' COMPENSATION PROGRAM

CITY OF GARDENA
Public Risk Innovation, Solutions,
and Management

PROVIDER MEMORANDUM /

POLICY NUMBER
LIMIT
PRISM PE 25 EWC-157
Liberty Mutual Fire Insurance Co.

Workers’ Compensation:
$50,000,000
(Difference between $50,000,000 and the
individual member’s retention)
Employers’ Liability:
(Difference between $5,000,000 and the
individual member’s retention)
each occurrence
$5,000,000 each occurrence
Statutory each accident/each employee
for disease excess of
$50,000,000
2025/2026 SCHEDULE OF INSURERS
EW2-64N-444785-015

1 EXHIBIT “A” –SLOT REQUEST FORM

Please provide a complete description of the duties, expectations, work hours and desired skills. This information is critical in order to match participants to your Worksite.

Name of Organization:

Primary Contact/Title: Phone:

Email: Fax:

Worksite Address:

Worksite Supervisor Name:

Worksite Supervisor Title:

Phone No.: Fax:

Email:

Additional Locations for Position
Worksite Address

Supervisor Contact Phone

Total Positions
Available

Position Title: Number of Positions Available:

Work Schedule: Days: Hours:

Start Date: TBD End Date: TBD

Dress Code: Interview for Position: Yes  No

Description of Duties:

2 Please list any automatic bars from hiring:

Comments – use the space provided for a complete description of job duties, worksite requirements, expectations, additional skills desired etc. Please provide as much detail as possible!

City of Gardena
Gardena City Council
Meeting

AGENDA REPORT

SUMMARY

Agenda Item No. 10G.

Section: CONSENT

CALENDAR
Meeting Date: May 26,
2026
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE: Acceptance and Notice of Completion for the Rowley Park Basketball Rehabilitation Project (Phase 2), JN 530
COUNCIL ACTION REQUIRED:

Accept the work and order the recordation of the Notice of Completion.

RECOMMENDATION AND STAFF SUMMARY:

Staff respectfully recommend that the City Council accept the work and order the recordation of the Notice of Completion for the Acceptance and Notice of Completion for the Rowley Park Basketball Rehabilitation Project (Phase 2), JN 530.

Phase 2 of the project included concrete surface preparation, installation of the new TitanTrax PK resurfacing system, and striping of both the basketball and pickleball courts. In addition to resurfacing, it acts as a leveling course to address uneven areas on the current surface. This phase also included placement preparation for the portable pickleball net assemblies, as well as the installation of benches.

Sufficient funds were appropriated to complete the project. Upon completion, no contingency funds were expended and savings will be returned to the original funding source.

FISCAL IMPACT/COST:

Amount of Expense: $199,305.00 (Construction)
Source of Funds: Prop 68 and Deferred Maintenance
APPROVED:
___________________________
Clint Osorio, City Manager
Attachments
NOC_Rowley BB Improvements PH 2_JN 530.pdf
RECORDING REQUEST BY AND MAIL TO:

Mina Semenza, City Clerk
City of Gardena
1700 W. 162nd Street
Gardena, CA 90247

SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE

NOTICE OF COMPLETION
NOTICE IS HEREBY GIVEN, that:

1. The undersigned is the duly authorized representative of the City of Gardena, a Municipal Corporation of the State of California located within the County of Los Angeles in said State at 1700 West 162 Street, Gardena, California 90247.

2. That on the 14th day of October 2025, the City Council of said City entered into contract with Ferandell Tennis Courts Inc. whose address is 3216 Grey Hawk Ct. Carlsbad, CA 92010 for the improvement titled Rowley Park Improvements Basketball Court Rehabilitation Phase 2, JN 530 in accordance with City of Gardena Plans and Specifications.

3. That all of the work and improvement was located at 13220 Van Ness Ave. in said City. The owner of the location is the City of Gardena.

4. That all of the work and improvement contemplated in and under said contract was substantially completed on May 15th, 2026.

5. That the City Council formally accepted this work and improvement on May 26, 2026.

The undersigned, being first duly sworn, states: That he is the duly authorized representative of the City of Gardena, the political subdivision of the State of California which conducted the proceedings for the improvement titled Rowley Park Improvements Basketball Court Rehabilitation Phase 2, JN 530 in said City, that he has read the foregoing "Notice of Completion" and knows the facts recited therein are true.

IN WITNESS THEREOF, I have hereunto subscribed my name as the duly authorized representative of said City this day of 2026.

City of Gardena

Jose Espinoza
City of Gardena
Gardena City Council
Meeting

AGENDA REPORT

SUMMARY

Agenda Item No. 10H.

Section: CONSENT

CALENDAR
Meeting Date: May 26,
2026
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE: Adopt Resolution No. 6736 Authorizing the City Manager to Execute an Agreement for the Supportive Services Program
COUNCIL ACTION REQUIRED:

Staff Recommendation: Adopt Adopt Resolution No. 6736 Authorizing the City Manager to Execute an Agreement for the Supportive Services Program
RECOMMENDATION AND STAFF SUMMARY:

Staff respectfully recommends that the City Council adopt Resolution No. 6736 which designates the City Manager as the authorized representative to execute the Supportive Services Program Agreement between the City of Gardena and Los Angeles County's Aging and Disabilities Department for Fiscal Year 2026-2027. The Supportive Services Program provides eligible seniors throughout Gardena with case management, transportation for essential services such as medical appointments and grocery shopping, and light housekeeping services, as well as funding for the Alzheimer's Day Care program.

FISCAL IMPACT/COST:

None

APPROVED:
___________________________
Clint Osorio, City Manager
Attachments
Resolution No 6736 - SSP.pdf
1 RESOLUTION NO. 6736

A RESOLUTION OF THE CITY COUNCIL OF THE CITY O F

GARDENA, CALIFORNIA, A UTHORIZING THE CITY

MANAGER TO EXECUTE AN AGREEMENT FOR THE

SUPPORTIVE SERVICES PROGRAM ON BEHALF OF THE
CITY FOR FISCAL YEAR 2026/2027.

WHEREAS, the City of Gardena has established an in- home help program for seniors through its Recreation and Human Services Department; and

WHEREAS, the County of Los Angeles Aging and Disabilities Department has been awarded the funds for providing services for older adults under the Older Americans Act; and

WHEREAS, the City of Gardena wishes to submit a signed, executed Supportive Services Program agreement; and

WHEREAS, in order to certify the approval of City Council to enter into this transaction with the County of Los Angeles Aging and Disabilities Department for the purpose of providing seniors with vital in-home care assistance for Fiscal Year 2026/2027, it is necessary that this resolution be adopted.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GARDENA, CALIFORNIA, DOES HEREBY FIND, DETERMINE, AND RESOLVE, AS FOLLOWS:

SECTION 1. Designates the City Manager as authorized to sign the Supportive Services Program agreement, binding the City to the Subaward (and any amendments or addendums thereto), and approve and accept Subaward funds on behalf of the City.

SECTION 2. The Mayor, or presiding officer, is hereby authorized to affix her signature to this resolution signifying its adoption by the City Council of the City of Gardena and the City Clerk, or her duly appointed assistant, is directed to attest thereto.

Docusign Envelope ID: AD7CC02D-4FCF-80AF-8167-9D087B50CDE4 Resolution No. 6736

2 BE IT FURTHER RESOLVED that the City Clerk shall certify to the passage and adoption of this Resolution; shall cause the same to be entered among the original Resolutions of said City; and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council of said City in the minutes of the meeting at which the same is passed and adopted.

Passed, approved, and adopted this 26
th day of May, 2026.

TASHA CERDA, Mayor

ATTEST:

MINA SEMENZA, City Clerk

APPROVED AS TO FORM:

CARMEN VASQUEZ, City Attorney
Docusign Envelope ID: AD7CC02D-4FCF-80AF-8167-9D087B50CDE4

City of Gardena
Gardena City Council
Meeting

AGENDA REPORT

SUMMARY

Agenda Item No. 10I.

Section: CONSENT

CALENDAR
Meeting Date: May 26,
2026
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE: Adopt Resolution No. 6737 Authorizing the City Manager to Execute an Agreement for the Elderly Nutrition Program
COUNCIL ACTION REQUIRED:

Staff Recommendation: Adopt Resolution No. 6737 Authorizing the City Manager to Execute an Agreement for the Elderly Nutrition Program
RECOMMENDATION AND STAFF SUMMARY:

Staff respectfully recommends that the City Council adopt Resolution No. 6737 which designates the City Manager as the authorized representative to execute the Elderly Nutrition Program Agreement between the City of Gardena and Los Angeles County's Aging and Disabilities Department for Fiscal Year 2026-2027. The Elderly Nutrition Program includes the senior congregate lunch program and home-delivered meals as well as telephone reassurance for home-bound clients.

FISCAL IMPACT/COST:

None

APPROVED:
___________________________
Clint Osorio, City Manager
Attachments
Resolution No 6737 - ENP.pdf
1 RESOLUTION NO. 6737

A RESOLUTION OF THE CITY COUNCIL OF THE CITY O F

GARDENA, CALIFORNIA, A UTHORIZING THE CITY

MANAGER TO EXECUTE AN AGREEMENT FOR THE

ELDERLY NUTRITION PROGRAM ON BEHALF OF THE CITY
FOR FISCAL YEAR 2026/2027.

WHEREAS, the City of Gardena has established a congregate and home- delivered meals program for seniors through its Recreation and Human Services Department; and

WHEREAS, the County of Los Angeles Aging and Disabilities Department has been awarded the funds for providing services for older adults under the Older Americans Act; and

WHEREAS, the City of Gardena wishes to submit a signed, executed Elderly Nutrition Program agreement; and

WHEREAS, in order to certify the approval of City Council to enter into this transaction with the County of Los Angeles Aging and Disabilities Department for the purpose of providing seniors with nutritious meals for Fiscal Year 2026/2027, it is necessary that this resolution be adopted.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GARDENA, CALIFORNIA, DOES HEREBY FIND, DETERMINE, AND RESOLVE, AS FOLLOWS:

SECTION 1. Designates the City Manager as authorized to sign the Elderly Nutrition Program agreement, binding the City to the Subaward (and any amendments or addendums thereto), and approve and accept Subaward funds on behalf of the City.

Docusign Envelope ID: 7C19A190-315F-8D6C-83E0-139237DA8BCE Resolution No. 6737

Passed, approved, and adopted this 26
th day of May, 2026.

TASHA CERDA, Mayor

ATTEST:

MINA SEMENZA, City Clerk

APPROVED AS TO FORM:

__ _
CARMEN VASQUEZ, City Attorney
Docusign Envelope ID: 7C19A190-315F-8D6C-83E0-139237DA8BCE

City of Gardena
Gardena Planning and
Environmental Quality
Commission Meeting

AGENDA REPORT

SUMMARY

Agenda Item No. 11A.

Section: PLANNING &

ENVIRONMENTAL

QUALITY COMMISSION

ACTION SHEET
Meeting Date: May 26,
2026
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE: CONDITIONAL USE PERMIT #1-26 AND ENVIRONMENTAL ASSESSMENT #1-26 TO ALLOW VEHICLE STORAGE FACILITIES WITHIN THE GENERAL INDUSTRIAL (M-2) ZONE AT 13625-13629 ALMA AVENUE (APN: 6102-015-027)
PROJECT DESCRIPTION:

6.A CONDITIONAL USE PERMIT #1-26 AND ENVIRONMENTAL ASSESSMENT #1-26; The Planning and Environmental Quality Commission reviewed a request to approve Conditional Use Permit (CUP) #1-26 and Environmental Assessment (EA) #1-26 to allow the operations of private vehicle storage facility within an existing industrial building totaling 11,970 square feet, located in the General Industrial (M-2) zone, in accordance with Section 18.46.030.C.9 of the Gardena Municipal Code.

Environmental Consideration: The project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15301 (Class 1 - Existing Facilities).

APPLICANT: Liliger Damaso & Rob De La Torre, Wanderwall Society South Bay, LLC LOCATION: 13625-136929 Alma Avenue (APN: 6102-015-027)
Commission Action: The Planning and Environmental Quality Commission adopted Resolution No. PC 7-26 approving Conditional Use Permit #1-26 and Environmental Assessment #1-26, by a vote of 4-0, with one commissioner absent.

STAFF RECOMMENDATION:

City Council Action: Receive and file; OR call for review (by way of two votes from the City Council).

APPROVED:

Greg Tsujiuchi, Community Development Director
Attachments
2026_05_19_PCAX.pdf

PLANNING AND ENVIRONMENTAL QUALITY

COMMISSION
Regular PEQC Meeting Notice and Agenda
Website: www.cityofgardena.org
Tuesday, May 19, 2026, 7:00 PM
Council Chamber at City Hall
1700 W. 162nd Street, Gardena, California

REPORT OF ACTIONS

To view the complete Planning and Environmental Quality Commission agenda packet, click here.

6. PUBLIC HEARING ITEMS

6.A. CONDITIONAL USE PERMIT #1-26 AND ENVIRONMENTAL ASSESSMENT #1-26; The Planning and Environmental Quality Commission reviewed a request to approve Conditional Use Permit (CUP) #1-26 and Environmental Assessment (EA) #1-26 to allow the operations of private vehicle storage facility within an existing industrial building totaling 11,970 square feet, located in the General Industrial (M -2) zone, in accordance with Section 18.46.030.C.9 of the Gardena Municipal Code.

Environmental Consideration : The proposed project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15301 (Class 1 - Existing Facilities).

APPLICANT: Liliger Damaso & Rob De La Torre, Wanderwall Society South Bay , LLC LOCATION: 13625-136929 Alma Avenue (APN: 6102-015-027)

City Council Action: Receive and file OR Call for Review (By way of two votes from the City Council).

6.B. CONDITIONAL USE PERMIT #4-26 AND ENVIRONMENTAL ASSESSMENT #4-26; The Planning and Environmental Quality Commission reviewed a request to app roved Conditional Use Permit (CUP) #4-26 and Environmental Assessment (EA) #4-26 to allow the sales of beer and wine for off-site consumption in a new retail store within an existing tenant space in the Comme rcial (C-2) zone , pursuant to Section 18.30.030.A of the Gardena Municipal Code.

Environmental Consideration: The proposed project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15301 (Class 1 - Existing Facilities).

APPLICANT: Terri Dickerhoff, Spouts Farmers Market
LOCATION: 15505 South Normandie Avenue (APN: 6105-008-039)

Commission Action: The Planning and Environmental Quality Commission adopted Resolution No. PC 6-26 approving Conditional Use Permit # 4-26 and Environmental Assessment #1-26, by a vote of 4-0, with one commissioner absent.

City Council Action: Receive and file OR Call for Review (By way of two votes from the City Council).

7. OTHER ITEMS

7.A. FIRST EXTENSION OF TIME REQUEST FOR CONDITIONAL USE PERMIT #5-24 The Planning and Environmental Quality Commission reviewed the first ti me extension request for Conditional Use Permit (CUP) #5-24, for the operation of warehousing facilities in the General Industrial (M-2) zone.

Environmental Consideration: The project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15601(b)(3).

APPLICANT: Charles Hobey, Zelda PG PropCo LLC
LOCATION: 1855 West 139th Street (APN: 4061-025-130)

Commission Action: The Planning and Environmental Quality Commission approved the first extension request for Conditional Use Permit #5-24, approving the entitlement expiration to January 15, 2027, by a vote of 4-0, with one commissioner absent.

City Council Action: No action needed.

City of Gardena
Gardena Planning and
Environmental Quality
Commission Meeting

AGENDA REPORT

SUMMARY

Agenda Item No. 11B.

Section: PLANNING &

ENVIRONMENTAL

QUALITY COMMISSION

ACTION SHEET
Meeting Date: May 26,
2026
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE: CONDITIONAL USE PERMIT #4-26 AND ENVIRONMENTAL ASSESSMENT #4-26 TO ALLOW THE SALES OF BEER AND WINE FOR OFF-SITE CONSUMPTION FOR SPROUTS AT 15505 SOUTH NORMANDIE AVENUE (APN: 6105-008-039)
PROJECT DESCRIPTION:

6.B CONDITIONAL USE PERMIT #4-26 AND ENVIRONMENTAL ASSESSMENT #4-26; The Planning and Environmental Quality Commission reviewed a request to approved Conditional Use Permit (CUP) #4-26 and Environmental Assessment (EA) #4-26 to allow the sales of beer and wine for off-site consumption in a new retail store within an existing tenant space in the Commercial (C-2) zone, pursuant to Section 18.30.030.A of the Gardena Municipal Code.

Environmental Consideration: The proposed project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15301 (Class 1 - Existing Facilities).

APPLICANT: Terri Dickerhoff, Spouts Farmers Market
LOCATION: 15505 South Normandie Avenue (APN: 6105-008-039) Commission Action: The Planning and Environmental Quality Commission adopted Resolution No. PC 6-26 approving Conditional Use Permit #4-26 and Environmental Assessment #1-26, by a vote of 4-0, with one commissioner absent.

STAFF RECOMMENDATION:

City Council Action: Receive and file; OR call for review (by way of two votes from the City Council).

APPROVED:

Greg Tsujiuchi, Community Development Director
Attachments
2026_05_19_PCAX.pdf

PLANNING AND ENVIRONMENTAL QUALITY

COMMISSION
Regular PEQC Meeting Notice and Agenda
Website: www.cityofgardena.org
Tuesday, May 19, 2026, 7:00 PM
Council Chamber at City Hall
1700 W. 162nd Street, Gardena, California

REPORT OF ACTIONS

To view the complete Planning and Environmental Quality Commission agenda packet, click here.

6. PUBLIC HEARING ITEMS

APPLICANT: Liliger Damaso & Rob De La Torre, Wanderwall Society South Bay , LLC LOCATION: 13625-136929 Alma Avenue (APN: 6102-015-027)

City Council Action: Receive and file OR Call for Review (By way of two votes from the City Council).

Environmental Consideration: The proposed project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15301 (Class 1 - Existing Facilities).

APPLICANT: Terri Dickerhoff, Spouts Farmers Market
LOCATION: 15505 South Normandie Avenue (APN: 6105-008-039)

City Council Action: Receive and file OR Call for Review (By way of two votes from the City Council).

7. OTHER ITEMS

Environmental Consideration: The project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15601(b)(3).

APPLICANT: Charles Hobey, Zelda PG PropCo LLC
LOCATION: 1855 West 139th Street (APN: 4061-025-130)

City Council Action: No action needed.

City of Gardena
Gardena Planning and
Environmental Quality
Commission Meeting

AGENDA REPORT

SUMMARY

Agenda Item No. 11C.

Section: PLANNING &

ENVIRONMENTAL

QUALITY COMMISSION

ACTION SHEET
Meeting Date: May 26,
2026
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE: FIRST EXTENSION OF TIME REQUEST FOR CONDITIONAL USE PERMIT #5-24 ALLOWING THE OPERATION OF WAREHOUSING FACILITIES AT 1855 WEST 139TH STREET (APN: 4061-025-130) PROJECT DESCRIPTION:

7.A FIRST EXTENSION OF TIME REQUEST FOR CONDITIONAL USE PERMIT #5-24 The Planning and Environmental Quality Commission reviewed the first time extension request for Conditional Use Permit (CUP) #5-24, for the operation of warehousing facilities in the General Industrial (M-2) zone.

Environmental Consideration: The project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15601(b)(3).

APPLICANT: Charles Hobey, Zelda PG PropCo LLC
LOCATION: 1855 West 139th Street (APN: 4061-025-130)
Commission Action: The Planning and Environmental Quality Commission approved the first extension request for Conditional Use Permit #5-24, approving the entitlement expiration to January 15, 2027, by a vote of 4-0, with one commissioner absent.

STAFF RECOMMENDATION:

City Council Action: No action needed.

APPROVED:

Greg Tsujiuchi, Community Development Director
Attachments
2026_05_19_PCAX.pdf

PLANNING AND ENVIRONMENTAL QUALITY

COMMISSION
Regular PEQC Meeting Notice and Agenda
Website: www.cityofgardena.org
Tuesday, May 19, 2026, 7:00 PM
Council Chamber at City Hall
1700 W. 162nd Street, Gardena, California

REPORT OF ACTIONS

To view the complete Planning and Environmental Quality Commission agenda packet, click here.

6. PUBLIC HEARING ITEMS

APPLICANT: Liliger Damaso & Rob De La Torre, Wanderwall Society South Bay , LLC LOCATION: 13625-136929 Alma Avenue (APN: 6102-015-027)

City Council Action: Receive and file OR Call for Review (By way of two votes from the City Council).

Environmental Consideration: The proposed project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15301 (Class 1 - Existing Facilities).

APPLICANT: Terri Dickerhoff, Spouts Farmers Market
LOCATION: 15505 South Normandie Avenue (APN: 6105-008-039)

City Council Action: Receive and file OR Call for Review (By way of two votes from the City Council).

7. OTHER ITEMS

Environmental Consideration: The project was considered for a categorical exemption from the provisions of the California Environmental Quality Act (CEQA) pursuant to Guidelines Section 15601(b)(3).

APPLICANT: Charles Hobey, Zelda PG PropCo LLC
LOCATION: 1855 West 139th Street (APN: 4061-025-130)

City Council Action: No action needed.

City of Gardena
Gardena City Council
Meeting

AGENDA REPORT

SUMMARY

Agenda Item No. 13A.

Section: DEPARTMENTAL

ITEMS - ADMINISTRATIVE

SERVICES
Meeting Date: May 26,
2026
TO: THE HONORABLE MAYOR AND MEMBERS OF THE GARDENA CITY COUNCIL AGENDA TITLE: Presentation of the City of Gardena's Proposed Biennial Budget for Fiscal Year 2026-2027 and Fiscal Year 2027-2028
COUNCIL ACTION REQUIRED:

Staff Recommendation: Receive and File
RECOMMENDATION AND STAFF SUMMARY:

Presented for City Council consideration is the Proposed Biennial Budget for Fiscal Year 2026-2027 and Fiscal Year 2027-2028, which includes the General Fund, Enterprise Funds, Special Revenue Funds, Capital Improvement Fund, Debt Service Funds, and Internal Service Funds.

The Proposed Budget is a two-year budget which begins July 1, 2026, and ends on June 30, 2028. It consists of the Operating Budget and the Capital Improvement Program Budget. It incorporates the City Council's priorities by maintaining the long-term financial stability and sustainability, ensuring public safety, and enhancing quality of life.

The Proposed Budget is balanced with a General Fund Surplus of $93,902, for Fiscal Year 2026-2027 and a General Fund Surplus of $81,190, for Fiscal Year 2027-2028.

This Proposed Budget is being presented to the City Council and will be available for public review and comment until the June 23, 2026, City Council meeting. It is available on the City's website at www.cityofgardena.org/city- budget/ with a hard copy available at the counter in the City Clerk's Office at City Hall.

The City will be conducting a Community Budget Forum to discuss this proposed biennial budget on Thursday, June 11, 2026, at 6:00 pm in the Nakaoka Community Center located at 1670 West 162nd Street, Gardena. All members of the public are encouraged to attend.

The City Council will conduct a public hearing and consider adoption of the final draft of this proposed budget at the June 23, 2026, City Council meeting.

FISCAL IMPACT/COST:

Fund Types Proposed Revenue Budget Fiscal
Year 2026-2027
Proposed Expenditures Budget
Fiscal Year 2026-2027
General Fund $89,905,980 $89,812,078
Capital Improvement Fund (CIP)$58,544,927 $58,544,927
Special Revenue Funds $54,395,753 $78,834,127
Enterprise Fund - GTrans $40,132,600 $40,132,600
Internal Service Funds $22,951,905 $24,492,641
Debt Service Funds $8,761,820 $9,513,902
Enterprise Fund - Sewer $2,512,500 $7,130,993
Total Proposed Budget Fiscal Year
2026-2027 $277,205,485 $308,461,268

Fund Types Proposed Revenue Budget Fiscal
Year 2027-2028
Proposed Expenditures Budget
Fiscal Year 2027-2028
General Fund $94,723,768 $94,642,578
Enterprise Fund - GTrans $40,732,341 $40,732,341
Special Revenue Funds $25,526,474 $29,048,309
Internal Service Funds $24,099,527 $26,344,486
Debt Service Funds $8,759,969 $8,759,969
Capital Improvement Program (CIP)$4,500,000 $4,500,000
Enterprise Fund - Sewer $2,512,500 $2,467,992
Total Proposed Budget Fiscal
Year 2027-2028 $200,854,579 $206,495,675

APPROVED:
___________________________
Clint Osorio, City Manager
Attachments
City of Gardena Proposed Biennial Budget FY2026-2027 & FY2027-2028.pdf

CITY OF GARDENA
PROPOSED BUDGET FISCAL YEARS 2026/2027 & 2027/2028

TABLE OF CONTENTS

SECTION 1 BUDGET MESSAGE AND GENERAL INFORMATION
City Manager’s Budget Message ......................................................................................................... i City Organization Chart ........................................................................................................................ 2 City Officials .......................................................................................................................................... 3 City Directory ........................................................................................................................................ 4 City Profile ............................................................................................................................................. 5 City Map ............................................................................................................................................ 6 City Facilities and Properties ................................................................................................................ 7 City History Timeline ............................................................................................................................. 10 City Appointed Commissions, Corporations, etc. ................................................................................ 11 Budget Team ........................................................................................................................................ 14 Budget Process .................................................................................................................................... 15 Budget Calendar ................................................................................................................................... 18 Budget Document Guide ...................................................................................................................... 19 Fund Structure ...................................................................................................................................... 20 Fund Descriptions ................................................................................................................................. 21 Accounting Principles and Policies ...................................................................................................... 24

SECTION 2 PROPOSED BUDGET SUMMARIES FISCAL YEARS 2026/2027 & 2027/2028 General Fund Revenue and Expenditures FY26/27 .......................................................................... 29 General Fund Revenue and Expenditures FY27/28 .......................................................................... 30 General Fund Historical Revenue and Expenditure Summary ........................................................... 31 General Fund – Fund Balances ........................................................................................................... 32 General Fund Top Five Revenue Sources .......................................................................................... 33 General Fund Revenues by Account ................................................................................................... 34 General Fund Long-Range Forecast ................................................................................................... 36 Summary of Fund Activity FY26/27 ..................................................................................................... 37 Summary of Fund Activity FY27/28 ..................................................................................................... 40 Summary of Revenues and Expenditures FY26/27 ............................................................................ 43 Summary of Revenues and Expenditures FY27/28 ............................................................................ 44

CITY OF GARDENA
PROPOSED BUDGET FISCAL YEARS 2026/2027 & 2027/2028

TABLE OF CONTENTS

SECTION 3 DEPARTMENT PROPOSED BUDGET FISCAL YEARS 2026/2027 & 2027/2028 Operational Organization Chart ........................................................................................................... 46 Citywide Staffing Plan ........................................................................................................................... 47 Elected & City Manager’s Offices ........................................................................................................ 48 Administrative Services ........................................................................................................................ 52 Community Development ..................................................................................................................... 58 GTrans ..…. .......................................................................................................................................... 63 Police ..…. ........................................................................................................................................... 69 Public Works ....................................................................................................................................... 74 Recreation & Human Services ............................................................................................................ 80 Non-Departmental ............................................................................................................................... 86

SECTION 4 CAPITAL IMPROVEMENT PROJECTS, DEBT SERVICE, INTERNAL SERVICE Capital Improvement Projects (CIP) .................................................................................................. 90 Debt Service Funds ............................................................................................................................. 113 Internal Service Funds ........................................................................................................................ 121

SECTION 5 APPENDIX
Glossary of Terms ................................................................................................................................ 126 Abbreviations and Acronyms ...............................................................................................................

132

CITY MANAGER’S

PROPOSED BUDGET

MESSAGE
FY 2026/27 & FY 2027/28

CCIITTYY MMAANNAAGGEERR’’SS BBUUDDGGEETT MMEESSSSAAGGEE PPRROOPPOOSSEEDD BBIIEENNNNIIAALL BBUUDDGGEETT –– FFIISSCCAALL YYEEAARR 22002266//22002277 && FFIISSCCAALL YYEEAARR 22002277//22002288

HONORABLE MAYOR AND CITY COUNCIL:

Presented for the City Council consideration is the proposed biennial budget for Fiscal Years 2026/27 and 2027/28. I am proud to present a budget that continues our organization’s longstanding tradition of excellence and innovation. This proposed budget is balanced, forward-looking, and a clear reaffirmation of our City’s values and priorities.

While Gardena remains in a strong financial position, with healthy reserves and a diverse revenue base, we continue to face several external challenges, including potential card club revenue fee losses, slower sales tax growth, and rising LA County fire protection costs. Even so, this budget remains focused on protecting the essential services our residents rely on and sustaining the improvements that keep our city strong.

This biennial budget reflects the City’s commitment to reinvesting Measure G resources into projects and programs that directly benefit our residents. As Gardena celebrates its 95th anniversary, we are especially proud to open the new Community Aquatic and Senior Center, a $26.5 million multigenerational facility that will serve as a lasting community asset for years to come. This project represents our ongoing investment in public spaces, wellness, and services for residents of all ages.

For the next two years, we allocate $63 million toward the Capital Improvement Program, including $43 million for critical street, sewer, and stormwater infrastructure improvements. These investments demonstrate our commitment to growth, neighborhood enhancement, and fiscal responsibility.

In addition to investing in infrastructure and community facilities, this budget makes important investments in technology to help the City operate more efficiently, improve productivity, and better serve residents and businesses. An important part of this effort is replacing the City’s 27-year-old Enterprise Resource Planning (ERP) system, which will help streamline operations, support faster, more efficient, and transparent service.

Public safety, recreation, and community support services remain central to this budget. These investments reflect our belief that a strong city is built not only through sound infrastructure and fiscal stewardship, but also through programs that enhance quality of life and strengthen the social fabric of our community.

TASHA CERDA, Mayor
MARK E. HENDERSON, Mayor Pro Tem
RODNEY G. TANAKA, Councilmember
PAULETTE FRANCIS, Councilmember
WANDA LOVE, Councilmember

MINA SEMENZA, City Clerk
GUY MATO, City Treasurer
CLINT D. OSORIO, City Manager
CARMEN VASQUEZ, City Attorney

- ii -
The proposed budget for the first year, Fiscal Year 2026/27, totals $308.5 million across all funds. This includes $89.8 million for the General Fund, $40.1 million for the City’s GTrans Enterprise Fund, $78.8 million for Special Revenue Funds, $24.5 million for Internal Service Funds, $9.5 million for Debt Service Funds, $7.2 million for the Sewer Fund, and $58.5 million for the Capital Improvement Program.

For the second year of this biennial budget, the proposed budget for Fiscal Year 2027/2028 for all funds is $206.5 million, which includes $94.6 million budgeted for General Fund, $40.7 million budgeted for the City’s GTrans Enterprise Fund, $29.1 million budget for the City’s Special Revenue funds, $26.3 million in Internal Service Funds, $8.8 million in Debt Service Funds, $2.5 million in Sewer Fund, and $4.5 million in Capital Improvement Program budget.

FISCAL YEARS 2026/2027 & 2027/2028 PROPOSED BUDGET:

Staff developed this proposed biennial budget starting in February of this year. This is a two-year budget, beginning on July 1, 2026, and ending on June 30, 2028. Placing a multi-year budget in place was intended to provide our community with fiscal security during rapidly changing political, social and economic periods. We remain committed to long-term fiscal sustainability by carefully preserving our organizational strength and proactively identifying opportunities to diversify and expand our revenue sources. As our community continues to grow and thrive, it is essential that we strategically allocate resources to support its development. Prioritizing both immediate needs and long-term investment will be key to our success. I am confident that this approach will enable us to navigate challenges effectively and improve the City’s long-term financial position.

The total City budget consists of General Fund revenues, Special Revenue Funds such as grant funds, and Enterprise Funds for the Transportation Department and City Sewer Maintenance Program. Only General Fund revenue is at the full discretion of the City Council for spending appropriations. All other revenues are otherwise restricted because of the funding sources. Budgeted expenditures are based upon an analysis of past expenditures in conjunction with revenue forecasts based on current economic conditions. For the proposed budget, the General Fund will be structurally balanced with a surplus for both fiscal years. Special Revenue Funds, however, are budgeted based on all available funds which include the total projected new revenue for the fiscal year and any carry-over funds which have already been received but have not yet been spent. Special Revenue Funds are structurally balanced including carry-over funds from the prior fiscal years.

The proposed budget shows General Fund revenue for Fiscal Year 2026/2027 at $89,905,980 and expenditures at $89,812,078 for a net surplus of $93,902, on June 30, 2027. Fiscal Year 2026/2027 total revenues for all funds, including transfers, are $277,205,485, with expenditures, including transfer out, at $308,461,268. The difference represents the use of fund balance in Special Revenue Funds.

In the second fiscal year, General Fund revenue for Fiscal Year 2027/2028 at $94,723,768 and expenditures at $94,642,578 for a net surplus of $81,190, on June 30, 2028. Fiscal Year 2027/2028 total revenues for all funds, including transfers, are $200,854,579, with expenditures, including transfer out, at $206,495,675. The difference represents the use of fund balance in Special Revenue Funds.
- iii -
GENERAL FUND PROPOSED BUDGET FISCAL YEARS 2026/2027 & 2027/2028

Revenue Sources
Proposed
Fiscal Year 2026-2027
Proposed
Fiscal Year 2027-2028 Difference
Sales and Use Tax 28,298,068$ 29,053,741$ 755,673 Sales and Use Tax - Measure GG - 4,000,000 4,000,000 Property Tax 11,673,281 12,140,212 466,931 Vehicle License Fees 9,820,568 10,311,597 491,029 Utility Users Tax 7,741,353 8,171,287 429,934 Card Club Gross Revenue Fees 6,623,877 4,000,000 (2,623,877) Franchise and Other Taxes 5,764,835 5,975,669 210,834 Business License Tax 3,073,260 3,134,725 61,465 Current Service Charge 2,502,800 2,634,549 131,749 License and Permits 1,800,781 1,836,797 36,016 Investment Income 1,485,305 1,399,464 (85,841) Fines and Forfeitures 886,962 913,571 26,609 Intergovernmental 575,538 592,804 17,266 Other Revenue 512,036 512,036 - Charges to Other Funds 3,085,057 3,085,057 - Transfer In 6,062,259 6,962,259 900,000 TOTAL REVENUES 89,905,980$ 94,723,768$ 4,817,788 Department Expenditures
Proposed
Fiscal Year 2026-2027
Proposed
Fiscal Year 2027-2028 Difference
Police 36,029,098$ 38,221,256$ 2,192,158 Public Works 7,849,822 8,271,068 421,246
Recreation & Human Services 6,991,219 7,308,416 317,197 Administrative Services 3,616,371 3,835,436 219,065
Community Development 3,552,957 3,755,916 202,959
Elected and City Manager Offices 2,859,122 3,208,808 349,686 Non-Departmental including Fire and RCC 15,976,393 16,860,102 883,709 Transfers Out 12,937,096 13,181,576 244,480
TOTAL EXPENDITURES 89,812,078$ 94,642,578$ 4,830,500 REVENUES OVER EXPENDITURES 93,902$ 81,190$ (12,712)

- iv -

COUNCIL POLICY DIRECTION
The City Council’s focus and commitment to our community, in conjunction with the efforts of management and staff, resulted in the following:
 Proposed CIP Budget for Fiscal Years 2026/2027 & 2027/2028 is $63 million o $9.6 million for Mas Fukai Park Building Project
o $11 million in community facility improvements and upgrades including a new dog park o $36.2 million in street & pedestrian improvement projects to maintain one of the best streets in California o $6.2 million in storm drain & sewer improvement projects

 Proposed General Fund Budget for Fiscal Years 2026/2027 & 2027/2028 with surplus of $93,902 & $81,190, respectively o Included $1.1 million each fiscal year for the Community Aquatic & Senior Center operation and expanded senior and youth programs

 The City continues in its efforts of transparency. See QR codes below to access the Financial Transparency Dashboard and the proposed budget document.

ACCESS THE PROPOSED BUDGET HERE: ACCESS THE FINANCIAL DASHBOARD HERE:

- v -
IN CONCLUSION:

The proposed biennial budget for Fiscal Years 2026/27 and 2027/28 has been developed to balance immediate service demands with the City’s long-term priorities. It is intended to provide the City Council with a clear and comprehensive framework for making informed policy and fiscal decisions. The actions taken through this budget will help preserve Gardena’s financial sustainability and support the community’s continued stability and success in the years ahead.

I would like to acknowledge the Department Heads, Budget Coordinators, and the Administrative Services Budget Team, under the leadership of Ray Beeman, Director of Administrative Services, for their collaborative efforts in preparing the proposed budget. Their professionalism, dedication, and teamwork were instrumental in completing this important work.

I would also like to extend my appreciation to the leadership of the Gardena Police Officers Association (GPOA), the Gardena Management Employees Organization (GMEO), the Gardena Municipal Employees Association (GMEA), the Gardena Police Managers Association (GPMA), and the International Association of Sheet Metal, Air, Rail, and Transportation Workers (SMART). These organizations are valued partners in our collective efforts, faithfully representing the interests of their members while working collaboratively with City management to serve the best interests of the Gardena community.

Respectfully submitted,

CLINT D. OSORIO, MPA
City Manager

GENERAL INFORMATION

HIGHER QUALITY OF LIFE
…ACHIEVED BY CONSISTENT & CONTINUOUS IMPROVEMENT

OUR MISSION
The elected leadership and employees of the City of Gardena individually and collectively are committed to maintaining an efficient and effective government that ensures the highest quality of life, a safe and attractive environment, and a sound economic future for the community.

OUR VISION
We envision Gardena as one of the most desired communities in which to live, do business, work, and play in the South Bay.

OUR DUTY
As public servants it is our duty and our desire to provide reliable service guided by our commitment to these Core Values.

ORGANIZATIONAL VALUES
• Fiscal Accountability & Sustainability
• Workforce Excellence
• Community Involvement

COMMUNITY VALUES
• Safe Community Environment
• Sustainable Economic Development
• Attractive & Livable Neighborhoods
1 CITY OF GARDENA ORGANIZATION CHART

CITIZENS OF GARDENA
ELECTED & CITY MANAGER’S OFFICES

ELECTED MAYOR

ELECTED CITY COUNCIL

ELECTED CITY CLERK

ELECTIONS & PUBLIC RECORDS

ELECTED CITY TREASURER

PUBLIC FUNDS & INVESTMENTS

APPOINTED COMMISSIONS
& BOARDS

PLANNING & ENVIRONMENTAL QUALITY

COMMISSION

GARDENA ECONOMIC BUSINESS ADVISORY

COMMISSION
GTRANS

TRANSIT ADMINISTRATION

TRANSPORTATION OPERATIONS

ON-DEMAND

TRANSIT EQUIPMENT & FACILITIES

RECREATION & HUMAN SERVICES

PROGRAM & FACILITY ADMINISTRATION

RECREATION & LEISURE SERVICES

SPORTS LEAGUES

SPECIAL EVENTS

YOUTH, FAMILY & SENIOR SERVICES

COMMUNITY DEVELOPMENT

PERMITS & LICENSING

BUILDING & PLANNING

BUSINESS LICENSE ENFORCEMENT

ANIMAL CONTROL & CODE ENFORCEMENT

ECONOMIC DEVELOPMENT
POLICE

POLICE ADMINISTRATION

POLICE OPERATIONS

POLICE SUPPORT SERVICES

TRANSIT SECURITY

PUBLIC SAFETY & INFORMATION

EMERGENCY PREPAREDNESS

PARKING ENFORCEMENT
GJJIP

PUBLIC WORKS

PARKS & GROUNDS MAINTENANCE

TREE TRIMMING (CITYWIDE)

CITY FACILITIES MAINTENANCE

STREETS & TRAFFIC SIGNALS/SIGNS

SANITATION, RECYCLING, SEWERS

ENGINEERING & CAPITAL PROJECTS

EQUIPMENT MAINTENANCE

HUMAN SERVICES COMMISSION

RECREATION & PARKS COMMISSION

SENIOR CITIZENS COMMISSION

YOUTH COMMISSION

FIRE SERVICES
(CONTRACTED) - LA COUNTY

CONSOLIDATED FIRE PROTECTION

DISTRICT

ADMINISTRATIVE SERVICES

FISCAL RESOURCES

TECHNOLOGY RESOURCES

RISK MANAGEMENT

INVESTMENTS

PURCHASING

HUMAN RESOURCES

APPOINTED CITY MANAGER

ORGANIZATION ADMINISTRATION

POLICY DEVELOPMENT/IMPLEMENTATION

STRATEGIC PLANNING

CITIZEN, BUSINESS, AGENCY RELATIONS

INTERGOVERNMENTAL RELATIONS

CITY ATTORNEY
(CONTRACTED)

RENT MEDIATION BOARD

GARDENA BEAUTIFICATION COMMISSION
2 CITY OFFICIALS

MAYOR AND CITY COUNCIL
Tasha Cerda, Mayor
Occupation: Insurance Agent
Elected: City Clerk – March 2009
Appointed: Councilmember – September 2009
To fill unexpired term due to resignation of Councilmember Elected: Councilmember – March 2011
Elected: Councilmember – March 2013
Elected: Mayor – March 2017
Elected: Mayor – June 2022
Current Term Expires: June 2026
Mark E.

Henderson, Mayor Pro Tem
Occupation: Administrator
Elected: Councilmember – March 2015
Elected: Councilmember – March 2020
Elected: Councilmember – March 2024
Current Term Expires: March 2028
Rodney G. Tanaka, Councilmember
Occupation: Retired Police Lieutenant/Licensed Pastor
Elected: Councilmember – March 2017
Elected: Councilmember – June 2022
Current Term Expires: June 2026
Paulette C. Francis, Councilmember
Occupation: Teacher
Elected: Councilmember – March 2020
Elected: Councilmember – March 2024
Current Term Expires: March 2028
Wanda Love, Councilmember
Occupation: Chamber Director/Business Owner
Elected: Councilmember – June 2022
Current Term Expires: June 2026
CITY

CLERK AND CITY TREASURER
Mina Semenza, City Clerk
Occupation: Real Estate
Elected: City Clerk – March 2013
Elected: City Clerk – March 2017
Elected: City Clerk – June 2022
Current Term Expires: June 2026
Guy H. Mato, City Treasurer
Occupation: Businessman
Elected: City Treasurer – June 2022
Current Term Expires: June 2026
APPO

INTED OFFICIALS
Clint
D. Osorio, City Manager
Appointed City Manager in December 2019
Car
men Vasquez, City Attorney
Appointed as City Attorney in January 2020
Lisa K
ranitz, Assistant City Attorney
Appointed as Assistant City Attorney in February 2009
Ivy Ts
ai, Assistant City Attorney
Appointed as Assistant City Attorney in October 2025
EXECU
TIVE STAFF – (All Appointed)
Tod
d Fox, Chief of Police
Ernie Crespo, Deputy City Manager/Director of Transportation Ray Beeman, Director of Administrative Services
Greg Tsujiuchi, Director of Community Development
Kevin Kwak, Acting Director of Public Works
Nikki Sweeney, Acting Director of Recreation & Human Services Brian Kane, Los Angeles County Assistant Fire Chief
3 DIRECTORY
City of Gardena
1700 West 162nd Street
Gardena, CA 90247-3778
Telephone: (310) 217-9500 Fax: (310) 217-6119 Website: www.cityofgardena.org

ELECTED & CITY MANAGER’S OFFICES
Mayor
Tasha Cerda (310) 217-9507

Mayor Pro Tem
Mark E. Henderson (310) 217-9507

Councilmembers
Rodney G. Tanaka (310) 217-9507
Paulette C. Francis (310) 217-9507
Wanda Love (310) 217-9507

City Clerk’s / City Treasurer’s Office
City Clerk
Mina Semenza (310) 217-9565
Assistant City Clerk
Becky Romero (310) 217-9566
City Treasurer
Guy H. Mato (310) 217-9664
Deputy City Treasurer
Vacant (310) 217-9693

City Manager’s Office
City Manager
Clint D. Osorio (310) 217-9503
City Attorney
Carmen Vasquez (310) 217-9544
Assistant City Attorney
Ivy Tsai
Lisa Kranitz

ADMINISTRATIVE SERVICES
Director
Ray Beeman (310) 217-9502

COMMUNITY DEVELOPMENT
Director
Greg Tsujiuchi (310) 217-9526

GTRANS
Deputy City Manager/Director
Ernie Crespo (310) 965-8888

POLICE DEPARTMENT
Chief of Police
Todd Fox (310) 217-9601

PUBLIC WORKS
Acting Director
Kevin Kwak (310) 217-9570

RECREATION & HUMAN SERVICES
Acting Director
Nikki Sweeney (310) 217-9537

LA County Fire Department
Assistant Fire Chief
Brian Kane (310) 329-3315
Gardena Station 162nd Street
Gardena Station 135th Street

For comments or questions regarding this publication, please contact the Administrative Services Department at (310) 217-9516 4 CITY PROFILE – 2026

Gardena, California is a full-service city located just 13 miles south of metropolitan Los Angeles in the South Bay area of Los Angeles County.

Gardena is strategically located near the intersections of the Harbor (110), San Diego (405), and Gardena (91) Freeways and just south of the Anderson (105) Freeway.

Date of Incorporation September 11, 1930

General Law City 1955

Form of Government Council-Manager Form

County Los Angeles, Second Supervisorial District

State Representatives 62nd & 66th Assembly Districts

35th Senatorial District

U. S. Representative 43rd U.S. Congressional District

Area 5.9 Square Miles

Population 61,187

Dwellings 23,060

Police Protection 94 sworn personnel and 36 marked units, including canine units.

Fire Protection City Fire Department services were
transferred to the Consolidated Fire
Protection District of Los Angeles County
and became a contract service in October
2000.

Recreation and Parks 6 parks (approximately 39 acres) including 2 with skate parks, 2 community centers, 1
municipal pool, 1 parkette, and 2
gymnasiums.

GTrans 51 buses and 5 Bolt On-Demand vehicles

5 ARTESIA BLVD.

ELECTRIC ST.

BLVD.
161st ST.

BLVD.

VERMONT AVE.

REDONDO

BEACH
BUDLONG AVE.

City Hall Administration Offices and Campus
Police Headquarters
Fire Department Headquarters
Fire Station 2
Public Works Building and Maintenance Yard
Kiyoto "Ken" Nakaoka Community Center
Human Services and James Rush Gymnasium

National Guard
Gardena Transit Administration, Operations, & Maintenance Facility Not To Scale
WESTERNNORMANDIE 182nd ST.
162nd ST.

GRAMERCY PL.
166th ST.
168th ST.
170th ST.

GARDENA
164th ST.
139th ST.

MARINE

MANHATTAN
BEACH BLVD.

ROSECRANS
147th
135th ST. CRENSHAWBLVD.

BUDLONG AVE.

WESTERN
GRAMERCY PL.

VAN NESSAVE.

ST.

AVE.
158th ST.

AVE.

EL SEGUNDO AVE.

HALLDALE AVE.

VERMONT AVE.

BLVD.
154th ST.
132nd ST.

B
C
D
E
F
G
9 6
2 5
4 8
3 1
160th ST.
1 2
3 4
5 6
7 8
9 Sister-City Parkette
Vincent Bell Memorial Park
Edward L. Thornburg Park
George H. Freeman Memorial Park
Mas Fukai Park
Paul A. Rowley Memorial Park
Arthur Lee Johnson Memorial Park
149thST.

SPINNING
PURCHE
154th PL.

HARVARD
7 BRIGHTON
A
LEGEND:

A
B
C
D
E
F
G
10 11
PURCHE AVE.
1 0 11
Gardena Community Aquatics & Senior Center
Rosecrans Ave. Community Center
10 6

CITY FACILITIES AND PROPERTIES

 City Hall Administrative Offices and Campus
1700 West 162nd Street

The Administrati ve Offices have approximately 25,975 square feet of building space, which includes City Council Chambers, a Council Chambers Conference Room, 32 administrative offices and 9 bathrooms.

The buildings were built in 1962; and in f iscal year 2001- 2002, the Administrative Office building was renovated with automatic sliding glass doors to comply with the Americans with Disabilities Act. The campus lawn in front of City Hall was dedicated on June 12, 1982 , as the Lucille Randolph Plaza , in honor of the City Clerk w ho served the City for twenty-three years.

 Police Headquarters
1718 West 162nd Street

The Police Headquarters has approximately 63,475 square feet of site area and approximately 23,690 square feet of building space that includes a one- story brick masonry police headquarters structure (Class C construction). Built in 196 3, the needs of the department have far outgrown the building’ s capacity. Separate modular units have been constructed in the parking lot , and on an adjacent property to serve as annex offices.

 Fire Station #158
1650 West 162nd Street

The Fire Department Headquarters has approximately 27,925 square feet of site area and approximately 17,975 square feet of building space, which includes a two- story brick masonry fire station building (Class C construction). The building was built in 1963 and is currently leased to the Los Angeles County Fire District. The City contracts with the Los Angeles County Fire District for the provision of fire services.

 Fire Station #159
2030 West 135th Street

Fire Station 2 has approximately 26,140 square feet of site area and approximately 5,949 square feet of building space, which includes a pre- cast concrete fire station structure. The fire station structure was built in 1957 and includes an apparatus garage, offices, kitchen, dining area,

chief’s quarters, dormitory and training tower. The fire station structure is currently leased to the Los Angeles County Fire District. The City contracts with the Los Angeles County Fire District for the provision of fire services.

 Public Works Building and Maintenance Yard
1717 West 162nd Street

The Public Works Building has approximately 11,825 square feet of building space, which includes 10 administrative offices and 5 bathrooms.

The buildings were built in 1968 and 1990; and in fiscal year 2003- 2004, the building was renovated with automatic sliding glass doors to comply with the Americans with Disabilities Act. In addition, a City yard is adjacent to the Public Works Building to create a total land area of 1.850 acres.

 Kiyoto “Ken” Nakaoka Community Center
1670 West 162nd Street

The Community Center has approximately 17,137 square feet of building space, which includes 6 classrooms, 4 offices, a kitchen and an auditorium that can accommodate up to 280 people. The building was built in 1975 and dedicated June 7, 1975. O n December 13, 1989, an expansion was dedicated in honor of the first Japanese- American to be elected (1966) to a City Council position in the United States , and the first elected Mayor of the City. During fiscal year 2001- 2002, the Community Center was renovated with automatic sliding glass doors to comply with the Americans with Disabilities Act.

Located in the Nakaoka Community Center, the Lucien “Lou” Lauzon Memorial Auditorium was dedicated August 22, 1981, in honor of his active community support, which included serving as a member of the Citizens Advisory Committee and the Beautification Committee.

 Human Services Building and James Rush Gymnasium
1651 West 162nd Street

The gymnasium has approximately 42,650 square feet of site area and approximately 20,700 square feet of building space, which includes a one-story masonry gymnasium (Class C construction). The building w as built in 1979. The Human Services Division offices are located in this 7 CITY FACILITIES AND PROPERTIES

building. The roof of the gymnasium was renovated in f iscal year 2002- 2003, and the administrative office of the gymnasium was renovated with automatic sliding glass doors in fiscal year 2004-2005 to comply with the Americans with Disabilities Act.

The gymnasium was rededicated as the James Rush Memorial Gymnasium in honor of the former Councilmember and Mayor of Gardena (1942 – 1956) on June 30, 1979.

 The Army National Guard
2100 West 154th Street

A portion of the former Municipal Transportation Facility, 1.72 acres , was sold for development of residential units in 2015. The remaining portion of the property is leased to the State of California for use as a National Guard post.

 GTrans Administration, Operations, and Maintenance Facility 13999 South Western Avenue

The new transit facility opened in May 2009, o n a 9.1-acre site that accommodates a fleet of 100 buses, plus p aratransit and support vehicles. The facility is designed as a “Green Building,” emphasizing energy efficiency and environmental sensitivity and includes solar panels for power generation, bus simulators for operator training, and current technology in bus maintenance equipment.

The administration and operations building is approximately 24,000 square feet in area. The maintenance building is approximately 45,000 square feet with a 4,000 square foot bus-wash structure and 2,800 square foot fuel island. A photovoltaic panel shade structure provides covered parking.

❿ Gardena Community Aquatic & Senior Center
1651 West 162nd Street

The Senior Center, spanning approximately 12,000 square feet on two levels. The Senior Center will feature a reception/lobby, restroom, conference room, office, breakroom, storage room, and kitchen/pantry.

Additionally, shared use program rooms, a study lounge, and balcony will be available. The building will be equipped with fiber optic communication capability, an audiovisual system, security key cards, and photovoltaic system.

The new Aquatic Center will encompass 7,020 square feet and will include a 25-yard, 8-lane, ¾-meter diving stand, and pool exercise/leisure area. The Aquatic Center will feature a main entrance, outdoor showers, bleacher seating, seat walls, shade structures, a pool
equipment/mechanical room, and pool storage. The outdoor courtyard will accommodate exercise stations, ADA accessible drinking fountain, picnic tables, site lighting and furnishings, tree and shrub planting, irrigation, hardscape paving, walls, barbecue grill and lawn area, and ADA parking stalls, utility service lines and all other incidental elements.

⓫ Rosecrans Community Property
2500 West Rosecrans Avenue

Approximately 1.07 acres of land. This property was acquired in September 2021 to be redeveloped for recreational or other civic use.

CITY PARK FACILITIES

(A) Sister-City Parkette - 160th Street/Harvard Boulevard

Sister-City Parkette was renamed in August 2013 from Harvard Parkette.

The Parkette was dedicated in November 1958 as a neighborhood play area, is 0.19 acre and includes a slide and jungle gym, swings, and lunch benches.

(B) Vincent Bell Memorial Park - 14708 South Halldale Avenue

This 1.87-acre park was d edicated on May 26, 1972 , in honor of a City Councilman who died in office shortly after his election in 1970. The facility is equipped with a recreation room, baseball diamond, outdoor basketball court, handball court, two tiny tot play areas, two picnic shelters, and a police office.

8 CITY FACILITIES AND PROPERTIES

The Edward L. Thornburg 2.39-acre park was n amed for the developer who donated the land in 1953. The facility is equipped with a recreation room, baseball diamond, two outdoor basketball courts, handb all court, tiny tot play area, picnic shelter, martial arts room, and horseshoe pit.

(D) George H. Freeman Memorial Park - 2100 West 154
th Place

This 2.71-acre park was dedicated on April 11, 1957, in honor of George Freeman, who served as the first City Recreation Director. The park is equipped with two recreation rooms, a baseball diamond, basketball court, handball court, tennis court, tiny tot play area, picnic shelter, and police office.

(E) Mas Fukai Park - 15800 South Brighton Avenue

4.53 acres were purchased from the County and dedicated as a City park in 1960. In June 2000, the Gardena City Council rededicated Recreation Park as Mas Fukai Park. Masani “Mas” Fukai was elected to Council in 1974 and served until his retirement in 1998. Mas, as his friends and associates call him, also served for five years as the Chief Deputy to then Los Angeles County Supervisor Kenneth Hahn. The facility is equipped with three recreation rooms, three baseball diamonds, two basketball courts, a handball court, tiny tot play area, picnic shelter, and kitchen.

(F) Paul A. Rowley Memorial Park - 13220 South Van Ness Avenue

This 18.17-acre park was d edicated July 21, 1962, in honor of the first City Administrative Officer, 1959 – 1962. Mr. Rowley died of a heart attack in June 1962, while addressing a public affair at the park. The park was originally named Van Ness Park, when it opened in 1959. The expansion of the park facilities, which included the addition of a gymnasium, was dedicated February 12, 1990. The facility is equipped with two recreation rooms, a gymnasium, four baseball diamonds, three outdoor basketball courts (one full and two half) , a skate park opened in March 2012, four tennis courts, two tiny tot play areas, three picnic shelters, a kitchen, auditorium, weight room, teen center, and police office.

(G) Arthur Lee Johnson Memorial Park - 1200 West 170th Street

This 7.5-acre park, originally dedicated July 9, 1977 , as South Park, was rededicated on January 13, 2007 as Arthur Lee Johnson Memorial Park.

Arthur Johnson marched with Dr. Martin Luther King, Jr. in the civil rights movement, founded the Gardena Dr. Martin Luther King, Jr. Cultural Committee, and served as its president for twenty years . In 1973, his efforts made G ardena the first city west of the Mississippi to honor Dr.

King’s birthday with an annual commemorative celebration. Mr. Johnson served as a Planning and Environmental Quality Commissioner for twelve years. His many years of community service earned him the Gardena Black History Month Trailblazer Award and a place on the City’s Wall of Fame.

The Arthur Lee Johnson Memorial Park is equipped with a recreation room, two basketball courts, a skate park opened in June 2012, four tennis courts, a tiny tot play area, picnic shelter, soccer field, police shooting range, and entrance to the Gardena Willows Wetland.

9 CITY OF GARDENA HISTORIC TIMELINE
1930 Incorporation of City of Gardena on September 11, 1930 with a population of approximately 3,000.

Annexation of Western City on November 12, 1930.
2001 Eldorado Parking COP liquidated through agreement with Hustler for a net principal gain of $980,000.
2013 February Standard & Poor's raised the City's credit rating to A. 1936 First legal card club license in the State of California to Gardena.
2002 Eliminated the General Fund deficit a year ahead of schedule with a positive $1,048,182 balance on June 30, 2002.

Sold parking structure located at 1041 Redondo Beach Blvd.

Entered into sales agreement for 1.72 acres at
15350 Van Ness Avenue. September 2014, Standard & Poor's raised the City's credit rating to A+
1940 City bus service began on January 15,1940. Voters approved an increase in the Transient Occupancy Tax from 7% to 11% in November.
2014 Closed escrow on 15350 Van Ness Ave (former GTrans facility). Adopted 2016-2021 Five Year Strategic Plan. Council approved updated comprehensive fee resolution.
1953 Gardena Municipal Bus Lines moved to new location on Van Ness Avenue in November.
2005 Celebrated 75th anniversary. 2015 Adopted 2016-2021 Five Year Strategic Plan. Council approved updated comprehensive fee resolution. Civic Center

1954 City adopted its official seal and slogan
"Freeway City" on October 26, 1954.
2006 City Council approved settlement agreement with Sumitomo Trust and Union Bank that would restructure the $26 million debt on the failed First Time Homebuyer Program and the

2016 Mitchell Lansdell City Manager retires, Ed Medrano appointed Acting City Manager.
1955 Gardena was designated as a General Law City by action of the State Legislature.

December - City made a $2.6 million payment to Sumitomo Trust and Union Bank on the long-term $26 million debt
thereby ending the debt service obligation
Refinancing of the 2006 Series C Bond Debt. Reassesment of the Sewer Fees to ensure sewer upkeep.
1964 Adopted City flag. 2007 Received investment grade credit ratings:

Standard & Poor's BBB rating
Moody's Baa3 rating
2017 Ed Medrano appointed as City Manager.
1980 Received the All America City Award. Refinanced the South Bay Regional Communications Center debt at an improved interest rate.
2019 Clint D. Osorio appointed as City Manager
1982 Maintenance facility added at the Gardena Municipal Bus Lines.

Adopted 5 Year Plan 2007 - 2012. 2020 March 3, 2020 Measure G, collection of additional 0.75% sales tax to maintain city general services
1994 Council action limited the number of card clubs from six to two.

November 20, 2007 City Manager Mitchell G. Lansdell was awarded the Municipal Leader of the Year for his 10-year effort to lead the City out of financial crisis.

March 19, 2020 Novel Coronavirus Pandemic - COVID 19,
Stay-at-Home orders issued and City Hall closed to the public. 1995 Annexation of El Camino Village. 2009 May 2009 Gardena Municipal Bus Lines moved to new facility.

Dec 2009 Standard & Poor's raised the City's rating to A-.

December 2020 Pension Obligation Bond issued to refinance City's UAL effecting savings of $50 million. City revises Strategic Plan to address effects of COVID
1996 Employee committees formed to review revenues, operational efficiencies, and customer service. A fourth committee compiled the information for council consideration.
2010 June 30, 2010 General Fund reserves = $8,649,750 or 20%.

September 11, 2010, City will celebrate its 80th Anniversary with a population of approximately 61,927.
2021 Issuance and sale of Lease Revenue Bond to finance a portion of the cost of the Aquatic & Senior Center, the Rosecrans Community Center, and park improvements.

To reduce expenditures, Council implemented hiring freeze and a 2% decrease in appropriated expenditures for last six months of the fiscal year.
2011 April 1, 2011 UUT rate collection at the maximum of 5%.

Senior exemption eligibility reduced to age 60.

City is awarded an $8.5 million Prop 68 competitive grant as well as an $1.4 million appropriation for the Aquatic & Senior Center
1998 Council committed to a plan to eliminate the projected $5 million General Fund deficit with a $1 million set aside for the next five years.

May 10, 2011 Council adopted new fee resolution with an effective date of July 11, 2011.
2022 City was named Los Angeles County's
Most Business Friendly City
2000 The newest card club in the State, the Hustler, opened in June 2000.

September 2011, the City purchased the Goodwill property as well as property adjacent to the Police Department.
2023 Finalist for the All American City Award
Ending General Fund balance June 30, 2000 = ($2,719,574). 2012 Created "Super-Departments" as a transitional phase for operational efficiency and cost containment during succession planning.
2026 Completion of the $26.5M Community Aquatic & Senior Center which opened in June 2026
10 CITY OF GARDENA COMMISSIONS, CORPORATIONS, AGENCIES, BOARDS, ADVISORY GROUPS,

COMMITTEES AND ASSOCIATIONS

The Mayor and City Council appoint members to Commissions, Corporations, Agencies, Boards, etc. to advise the City on important programs and policy decisions. Public participation, therefore, is a vital component of the City's governing system. In addition, there are other important Committee and Association members who meet on a regular basis but are not appointed by the Mayor and City Council. All of the meetings are open to the public.

APPOINTED COMMISSIONS

GARDENA BEAUTIFICATION COMMISSION
This Commission has a maximum of nine voting members who study and make recommendations to the City Council relating to the beautification and livability of all areas of the City of Gardena. The Chairperson is a member of the City Council. Five of the members are appointed by the City Council, and the remaining three at -large members are nominated by the Commission Chair and ratified by City Council. Commission projects include elimination of graffiti, beautification of streets and parkways; tree planting, and other related activities.

GARDENA ECONOMIC BUSINESS ADVISORY COMMISSION (GEBAC)
Established in May 2016, its mission is to promote economic opportunities by establishing and preserving a business and job friendly environment to attract and retain businesses, industry and commerce, that will enhance Gardena’s economic viability, financial stability, and improve the overall quality of life of its residents. GEBAC has the following goals:
• Promote new business development opportunities;
• Strengthen the relationship between the City and the business community;
• Support retention and attraction of diversified tax base for the long- term viability of the City;
• Provide support on issues affecting the economy and quality of life in the City
• Review City business practices and programs to ensure the City of Gardena remains business friendly
This Commission consists of eleven members from the business community within the City of Gardena. GEBAC meets the 3 rd Wednesday of
odd months.

GARDENA YOUTH COMMISSION
The Youth Commission is composed of five members appointed by the City Council and five "at-large" members approved by the Commission and ratified by the City Council. The Commission identifies and evaluates youth and community issues and projects and makes recommendations to the City Council to resolve such issues. Commission members also work as volunteers with community groups, organizations, and Recreation and Human Services programs.

HUMAN SERVICES COMMISSION
The Human Services Commission is composed of five members who are responsible for the development and utilization of available resources to meet needs within the City. The Mayor and each Councilmember appoint one member. The Commission advises the Council on all matters relating to social conditions within the City, assesses and reports to the Council the social needs of the citizenry, and advises the Human Services Division regarding policy and program direction for meeting such needs and making appropriate recommendations to the Council.

PLANNING AND ENVIRONMENTAL QUALITY COMMISSION
Composed of five members, this Commission was created in compliance with the State Government Code as an advisory agency to the City Council on all matters of land use and the environment. Its responsibilities are to investigate and report on the design and improvement of adopted subdivisions, and to submit reports and recommendations to the City Council on matters relating to zoning, land use, environment, the City's General Plan, and other related matters.

RECREATION AND PARKS COMMISSION
This Commission is composed of five members who advise the Council on matters relating to recreation and parks within the City. The Commission considers, advises, and/or recommends to the City Council the needs of the City pertaining to the acquisition, development, and use of facilities, buildings and structures for recreational and park purposes; promotes public interest in recreation and parks programs and regulations; and consults and confers with public officials and agencies, citizens, civic, educational, professional, and other organizations.

11 CITY OF GARDENA COMMISSIONS, CORPORATIONS, AGENCIES, BOARDS, ADVISORY GROUPS,

COMMITTEES AND ASSOCIATIONS

SENIOR CITIZENS COMMISSION
This Commission is composed of five members, appointed by the City Council, who advise them on all matters relating to the needs and concerns of the City's older adult population. The Commission coordinates its activities with those of the Affiliated Committee on Aging.

APPOINTED CORPORATIONS / AGENCIES / BOARDS

CITY OF GARDENA FINANCING AGENCY
The Agency was created in July 1991 as a Joint Powers Authority between the City of Gardena and the Gardena Parking Authority. The Agency provides for financing of the acquisition, construction and improvement of Public Capital Improvements, for working capital requirements, and for liability or other insurance programs of the City and the Parking Authority.

BOARD OF APPEALS
This board is comprised of the members of the Planning and Environmental Quality Commission, with the building official as an ex -officio member. The Board is governed by the same procedures as the Planning and Environmental Quality Commission. The Board determines the suitability of alternate materials and methods of construction and provides reasonable interpretations of the provisions of the Uniform Building Code. The Board also determines whether a building constitutes a menace to public safety, and whether repairs, alterations, or demolition are necessary to abate the menace to public safety.

HOUSING APPEALS BOARD
This Board, consisting of members of the Planning and Environmental Quality Commission, is authorized by the City Council to hear all appeals relating to violations of housing standards and is governed by the provisions of the Uniform Housing Code. The Community Development Director serves as secretary to the Housing Appeals Board.

RENT MEDIATION BOARD
This fifteen-member Board is composed of five landlords, five tenants, and five members-at-large, all of whom are appointed by the City Council to assist citizens in mediating rental increase-related disputes.

APPOINTED ADVISORY GROUPS

FINANCE COMMITTEE
This City’s Finance Committee is comprised of two Councilmembers (appointed by the Mayor) and the City Treasurer. The Committee meets quarterly with the City Manger to review and make recommendations on the City’s budget, debt, audit, and other financial actions.

NON-APPOINTED COMMITTEES / ASSOCIATIONS:

CHARITABLE FUND BENEFITING GARDENA
The Charitable Fund Benefiting Gardena is an independent 501(c)3 non- profit which provides supplemental resources directly to the City of Gardena programs and community organizations to enhance the lives of Gardena’s residents and visitors. The Board of Directors is composed of city staff and volunteers in the community.

CINCO DE MAYO SCHOLARSHIP AND FESTIVAL COMMITTEE OF

GARDENA
The Cinco de Mayo Scholarship and Festival Committee of Gardena is made up of volunteers from the community. Established in 1986 by Mayor Don Dear, the annual Gardena’s Cinco de Mayo celebration is one of the South Bay’s longest running Cinco de Mayo events and its goal is to share some of the area’s Latino heritage and culture.

DR. MARTIN LUTHER KING, JR. CULTURAL COMMITTEE OF GARDENA Dr. Martin Luther King, Jr. Cultural Committee of Gardena was founded in 1972 by Arthur Johnson, a chemist and educator who originally wanted Gardena to honor Dr. King with a city holiday. The committee is made up of volunteers from the community. The annual event activities include a parade, a battle of the bands, an annual youth night, and the essay contest.

GARDENA POLICE FOUNDATION
The Gardena Police Foundation is a partnership of citizens, businesses, and philanthropic organizations whose mission is to provide additional resources to improve public safety. Incorporated in September 2006 as an independent 501(c)3 non- profit organization, the Foundation relies solely on donations and fundraising efforts. The Board of Directors actively raises money from the community and awards grants directly to the police

12 CITY OF GARDENA COMMISSIONS, CORPORATIONS, AGENCIES, BOARDS, ADVISORY GROUPS,

COMMITTEES AND ASSOCIATIONS

department in response to the department’s request for program, training and equipment needs not included in the City’s budget.

GARDENA SISTER CITY ASSOCIATION
The Gardena Sister City Association, comprised of community volunteers, has been active in promoting international friendship for over five decades. The program's goal is to learn more about the community, enjoy the hospitality, and build personal contacts with other cultures. This is done through adult and youth exchange programs that encourage person-to-person visitations in each city. Ichikawa, Chiba, Japan has been an official Sister City to Gardena since 1962 and Huatabampo, Sonora, Mexico , since 1973. Gardena has also maintained an unofficial mutual friendship with Rosarito, Baja, California, Mexico for many years.

GARDENA TRAFFIC COMMITTEE
The City Traffic Committee is composed of City staff persons, including the Chief of Police; Recreation, Human Services, Parks, & Facilities Director; and the Transportation Director. This Committee advises the City concerning traffic-related matters including, but not limited to, parking, stop signs, signals, and congestion, etc.

GARDENA VALLEY AFFILIATED COMMITTEE ON AGING
The Gardena Valley Affiliated Committee on Aging is composed of a five- member board of directors and members at large, who assist and coordinate the work of community organizations, government agencies, and private entities concerned with the betterment of living conditions for the aging. They coordinat e events, activities and programs into a unified approach that will meet the economic and social needs of the elderly, and those in need of assistance throughout the greater Gardena community.

The committee advises the Gardena Senior’s Bureau and the Gardena Senior Citizen’s Commission on all matters relating to the needs and concerns of the City’s older adult population.

13 BUDGET TEAM

CITY MANAGER – CLINT D. OSORIO, MPA

DIRECTOR OF ADMINISTRATIVE SERVICES – RAY BEEMAN, CPA

Budget Managers – Khoi Quach, Danny Rodriguez, Yurina Kim, Diana Rodriguez, Diana Schnur, Nathalie Perez

DEPARTMENTAL BUDGET COORDINATORS

Capital Improvement Projects – Kevin Kwak
Community Development – Greg Tsujiuchi, Jo-Ann Burns, Georgina Placido Elected and City Manager’s Offices – Alejandra Orozco, Becky Romero, Katherine Rhee, Tiffany Alcaraz, Anahi Corte
GTrans – Ernie Crespo, Dana Pynn, Jennifer Abro, Charles Santos Police – Todd Fox, David Brock, Mayra Maciel, Priscilla Estrada Public Works – Kevin Kwak, Kevin Thomas, Kim Nolan, Hong Lee Recreation & Human Services – Nikki Sweeney, Nicola Howard, Christina Weldin, Adrianna Renteria, Amber Suit
14 BUDGET PROCESS

MISSION OF THE BUDGET PROCESS: To help decision makers make informed choices about the provision of services and capital assets and to promote stakeholder participation in the process. - Government Finance Officers Association (GFOA)

BUDGET GOAL: To develop and maintain a structurally balanced budget that maximizes City resources necessary to build, sustain and enhance the City’s future.

Preparation and adoption of the fiscal year budget is guided by the following five organizational principles set by the City Council:

1. Fiscal Integrity and Long-Term Financial Stability

2. Quality Economic Development

3. Workforce Excellence

4. Continually Improving Quality of Life for Residents

5. Maintaining an Attractive, Vital Livable Community

BUDGET OBJECTIVES: These organizational principles translate into the following budget objectives:

1. Establishing budgetary and fiscal policies that address current needs and set the foundation for future decisions.

2. Adopting a structurally balanced budget with realistic annual revenue project ions and expenditures below revenue
projections.

3. Pursuing grant and other special funds to augment City services in specific program areas.

4. Building adequate reserve funds to meet the City’s current and future obligations.

5. Creating public -private partnerships with mutual economic and service benefit.

6. Setting charges and users fees to recover City costs for providing services as much as possible but without
overburdening citizens, businesses, and property owners.

7. Replacing or upgrading vehicles and other capital equipment based on comparative cost of required maintenance for safety and performance efficiency.

8. Implementing efficiencies in service delivery and departmental operations that improve customer service and the quality of life in the community.

9. Enhancing employee skills and compensation to attract and maintain the best qualified staff and highest level of public service possible.

10. Providing superior public safety including community -based policing to reduce crime.

11. Providing community service programs that meet a variety of interests and needs.

12. Improving the public image and physical appearance of the City with proper maintenance of public right s-of-way and code enforcement of private properties.

BUDGET ROLES AND RESPONSIBLITIES

Citizens, property owners and businesses are encouraged to share ideas and provide input concerning the community and budgetary programs. This can be accomplished by discussing issues with City’s commissions and committees or directly with program managers.

Citizen input received during public hear ings or other correspondence is not only invited but needed to ensure that public needs are met.

Finance Committee, comprised of two councilmembers (appointed by the Mayor) and the City Treasurer, reviews the City’s revenues and 15 BUDGET PROCESS

expenditures each quarter and the City Manager’s proposed budget before submitting to the City Council for adoption.

City Council provides direction for the preparation of the budget through adoption of polic ies and ongoing input. Council is responsible for the review and adoption of the City budget.

City Manager is responsible for:
 providing staff direction for budget preparation
 considering departmental budget requests and requests for supplemental budget items
 reviewing projected revenues and expenditures with the Director of Administrative Services
 formulating a comprehensive budget proposal for
submission to the City Council
 presentation of a proposed budget
 overseeing budget administration throughout the fiscal year

Director of Administrative Services is responsible for:
 evaluating and reporting the City’s fiscal condition
 providing comprehensive revenue forecasts
 providing budget orientation and training to all
departments
 monitoring budget throughout the year and providing
updates to the City Manager and City Council

OVERVIEW OF CITY BUDGET PROCESS

The City’s annual budget process commences in February with the distribution of the updated Budget Manual that details the City’s general budgetary policy and the specific goals and objectives for the upcoming fiscal year. Departments are given specific instructions and timelines, the City’s chart of accounts, a rate schedule for apportioned cost s such as liability and health insurance, and budget forms and formats.

Each department head is required to select a responsible individual in the department to be the Budget Coordinator. Following the budget kickoff by

the City Manager and Director of Administrative Services , all correspondence and meetings are conducted with the departments’ Budget Coordinators and the Finance Budget Team.

In March, the Director of Administrative Services provides the City Manager with the tentative General Fund Revenue Projections. These set the parameters for the development of a budget. In turn, the preliminary departmental budget worksheets are returned to the Fiscal Resources Division with instructions for modified expenditure requests based upon the available monies projected.

Target Budget Requests: It is the responsibility of each department to submit, as part of the budget request to the City Manager, a complete Statement of Justification. The statement must provide a formal and comprehensive explanation and justification of the proposed departmental budget program. This is important because the initial budget request submitted by each department is based on maintaining the current level of service. The “Target Budget” provides a point of origin for the detailed study and evaluation of each budget request by the City Manager compared to available revenue. The Target Budget has four basic components:

1. Proposed Work Plan: Department and program narratives, major accomplishments for fiscal year ending, major goals and objectives for the new fiscal year, workload/performance indicators and projected revenues/cost recovery from
department programs.

2. Proposed Staffing Plan: Departmental organization chart, personnel worksheets (benefits calculations), personnel schedules, staffing levels, and personnel by program activity.

3. Proposed Spending Plan: Department line- item worksheets, expenditure request worksheets, justification statements (if required), computer repair and replacement fund summary and capital expenditures one- year request and justification statement.

4. Revenue Projections: Department revenues based on the fees collected as part of the department’s operation. Emphasis 16 BUDGET PROCESS

is placed on maximizing cost recovery as appropriate and justification for new or increase in existing fees.

Supplemental Budget Requests: Separate from the Target Budgets, departments submit a “wish list” of additional personnel, new or replacement equipment, or funding for new or expanded programs. All Supplemental Budget Requests are reviewed jointly with priority given to funding requests that best meet the objectives for the fiscal year and improve services across departmental lines. Unfunded requests are set aside until additional funding can be identified. This process will be expanded over the next fiscal year with a goal of developing a multi -year budgeting plan for rebuilding staffing levels, equipment replacement and program expansion.

Capital Outlay Requests: Capital requests are submitted separately with priority given to the replacement of aging and outdated equipment.

With the establishment of the “Technology” fund in 2002 to protect the City’s investment in technology by ensuring funds to properly maintain and replace equipment when needed. This is funded through departmental contributions based on a usage formula.

City Manager’s Review: At the end of April, the City Manager reviews a draft budget summary presented by the Director of Administrative Services. Following the review and approval, the Proposed Budget, or City Manager’s Budget as it is sometimes called, is finalized and printed for distribution. Much of the focus of the annual budget process is on General Fund programs since this is the only funding area that is fully discretionary. Grant funded programs follow a similar process but are more specifically directed by the regulations of the particular funding source. The City’s adopted budget incorporates all City programs and specifically identifies the funding source for each.

Preliminary Budget: In May, a preliminary budget document is created, and the City Manager meets independently with each department head to review the department’s goals, objectives, programs and funding needs for the upcoming fiscal year. It is also the department head’s opportunity to ensure that all the needs of his/her department are understood and carefully considered in the allocation of funds.

Budget Hearing:

A public workshop hearing is held approximately one
month before the a doption of the City’s budget for the upcoming fiscal year. The City Manager presents to the Council the overall goals and objectives for the fiscal year, along with a review of significant factors affecting proposed revenues and expenditures.

Public comment is heard throughout the month and revisions may be made to the budget as directed by the City Council.

Adoption: City Council shall adopt the budget by Resolution at the conclusion of the budget hearings. The adoption of the budget must occur prior to July 1, which is the beginning of the new fiscal year.

Budget Control and Amendments : Since the budget is a planning document, throughout the fiscal year there may be a need for adjustments in the spending plan. As new revenues are identified, or unexpected expenditures arise, departments may need to re- prioritize the expenditure plan for their operations. If the modification can be made within the department’s approved appropriation, then the Department Head may make a written request for a budget transfer to reallocate funds as needed. The budget transfer request is sent to Fiscal Resources for review and approval. Accounting staff verifies that funds are available as requested, and the Director of Administrative Services approves the transfer. However, if the department is unable to make the needed adjustments within their department appropriation, additional approval is needed. The City Manager is authorized to transfer funds between departments. However, additional appropriation must have the approval of the City Council.

17 BUDGET CALENDAR - FISCAL YEARS 2026/27 & 2027/28 BUDGET

February 12, 2026 Distribution of the budget packets to all departments March 16, 2026 Department supplemental requests due to Finance for review. New grants or revenue sources due to Finance.

Week of March 30, 2025

During this period , Finance staff w ill review the supplemental requests with each department, developing a plan of action for the FY 2026/27 & FY 2027/28 performance goals and narratives.

Update the CIP projects and develop the CIP budgets.

April 13, 2026 Finance updating personnel worksheets and revenue estimates Week of April 20, 2026 City Manager meets with Department Directors to discuss supplemental budget requests Week of May 4, 2026 Finance Review/Update Internal Service Funds and develop/update CIP budget May 26, 2026 Proposed Biennial Budget FY 2026/27 & FY 2027/28 presented to City Council and the public for review May 22, 2026 -
June 23, 2026 Public Review period for FY 2026/27 & FY 2027/28 Proposed Budget June 11, 2026 Community Budget Forum
June 23, 2026 Budget Public Hearing and Adoption of Budget FY 2026/27 & FY 2027/28

18 BUDGET DOCUMENT GUIDE

The “Adopted Budget” is the document that sets the expenditure policies for all monies received by the City. The budget is based on a “fiscal year” that begins each year on July 1 and ends twelve- months later on June 30. City staff develops a proposed budget under the direction of the City Manager. The “Proposed Budget” is presented at a Public Hearing with the City Council for consideration.

The City Council makes whatever changes they deem appropriate and vote to adopt the budget for the next fiscal year.

The budget is designed to give the City Council a clear roadmap of the City’s expenditure needs and available resources so that the Council can make sound budgetary decisions. It is through the appropriation of funds that the Council sets the program and project priorities for the ensuing fiscal year . This one-year budget is presented to the City Council for consideration. This proposed amended budget will cover fiscal year 2025-2026.

The budget document begins with the City Manager’s budget message, which provides an overview of the Fiscal Year Operating Budget by highlighting programs and major projects. Economic factors, changes in revenue, expenditures, and staffing levels are also addressed in the budget message. The budget document is divided into the following sections:

 Budget Message
 Introduction
 Budget Summaries
 Operating Budget – General Fund with corresponding
Special Revenue Funds
 Operating Budget – Enterprise Funds
 Debt Service Funds
 Internal Service Funds
 Capital Improvement Program
 Appendix

The Budget Summaries section provides revenue and expenditure analysis. This section presents historical data for comparative purposes along with staffing levels.

The Operating Budgets section contains program description and public service goal s. All Special Revenue Funds are grouped by operating department to provide a complete picture of department resources and functions.

The Appendix section contains the glossary of terms , abbreviations and acronyms, and index.

19 CITY OF GARDENA FUND STRUCTURE

BUDGETARY FUNDS
Governmental Funds Proprietary Funds
General Fund
Major Fund
(See description)
Debt Service
Funds
Enterprise
Funds
Internal Service
Funds
Special Revenue
Funds
Capital
Improvement
Funds - Major
GTrans
Major Fund
(See description)
Sewer
Fund
–Self Insurance Liability
–Self Insurance Workers Comp
–Self Insurance Health Benefit
–2006 A Refunding COPs
–2007 A Refunding Revenue Bonds
–2014 Taxable Lease Revenue Refunding Bonds
–2020 Taxable Pension Obligation Bond
–2021 Lease Revenue Bond
–Bicycle & Pedestrian Program
–Caltrans
–Department of Transportation
–Measure M – Local
–Measure R – Local
–Measure A
–PROP C Local Return
–SB1
–Metro Regional
–PROP 68
–Park Land In Lieu
–State Earmarks
–Asset Seizure – Federal and Non-Federal
–California Office of Traffic Safety (OTS)
–Community Development Block Grants
–Consolidated Street Lighting District
–Department of Justice (DOJ)
–Federal Earmarks
–FEMA COVID-19
–Police Department Grants
–Post Employment Benefits Fund
–Senior Bureau Grants
–South Coast AQMD
–State Gas Tax
–Supplemental Law Enforcement (SLESF)
A major fund is classified as any fund which is at least 10% of the total appropriation 20 FUND DESCRIPTIONS

GENERAL FUND (Major Fund)

The General Fund is the chief operating fund of the City and the only totally unrestricted fund that can be used for general operating expenses such as public safety, parks, recreation, engineering, planning and administration .

SPECIAL REVENUE FUNDS (Grants)

Currently the City receives additional funding from various sources to provide many services which otherwise would be impossible for the City to support. Special revenue funds are restricted to a specific purpose and for a certain time frame. Continued or new funding is based on the federal, state or county which is providing the resources. The City is always seeking new grants for the betterment of the citizens and community .

Following is a description of the major grant funding that the City receives.

Artesia Landscaping District: To account for monies received for the maintenance of medians on Artesia Boulevard.

American Rescue Plan: Funding to address the devastating economic and health effects of the COVID-19 pandemic.

Asset Seizure: Monies seized from criminal activities and used solely for law enforcement purposes.

Community Development Block Grant (CDBG): The CDBG program works to ensure decent affordable housing, to provide services to the most vulnerable citizens in our communities, and to create jobs through the expansion and retention of businesses. This f ederal funding is received through the Department of Housing and Urban Development ( HUD) and is an important tool for assisting local government in tackling the serious economic challenges facing the community.

Consolidated Street Lighting: To account for monies received for the maintenance and improvement of streetlights.

Federal Earmarks: Fund provided by legislators for projects or programs that curtail the ability of the Executive Branch to manage critical aspects of the funds allocation process.

FEMA COVID-19: This Treasury Department allocation provides funding to local government to support the public health response and lay the foundation for a strong and equitable economic recovery.

Gardena Family Childc are: This grant provides low-cost childcare to low -moderate income families as well as offering early education and development classes. This program through Cal SAFE also helps pregnant and parenting students and their children. These programs are funded through the California Department of Education.

Measure A: To account for monies received for the improvement of parks and open spaces from the Los Angeles County Regional Park and Open Space District or RPOSD.

Measure M: To account for monies received for the improvement of freeway traffic flow; expand the rail and rapid transit system; repave local streets, repair potholes, and synchronize signals; and to make public transportation more accessible, convenient, and affordable.

21 FUND DESCRIPTIONS

Measure R: To account for monies received for the improvement of local street traffic flow; repave local streets, repair potholes, and synchronize signals; and to make public transportation more accessible, convenient, and affordable.

Measure W: To account for monies received from the Los Angeles County for the improvement of water quality and stormwater infrastructure initiatives.

Police Grants: The Department of Justice, the California Office of Traffic Safety, and the Supplemental Law Enforcement Program provide funding to improve public safety. Grant funding pays for additional officers, improved technology, DUI checkpoints, gang enforcement programs, and pedestrian safety programs. Funding from these grants helps to promote public safety and awareness.

Post-Employment Benefits Fund: This fund was set up to account for the City’s Other Post- Employment Benefits it pays to retired employees.

Prop 68: To account for monies received from the Statewide Park Development and Community Revitalization Program (SPP) administered by OGALS or Office of Grants and Local Services to create new parks and recreation opportunities in underserved communities across California.

Prop C: To account for monies received for the reduction of local street traffic congestion; improve air quality; repave local street s and repair potholes; and to make public transportation more accessible, convenient, and efficient.

Public Works Regional Grants: The California Department of Transportation and the Los Angeles County Metro provide funding to improve pedestrian safety, traffic light enhancements, and street improvements.

Senate Bill 1 (SB 1): To account for monies received for the maintenance and rehabilitation and safety improvements on state highways, local streets and roads, and bridges and to improve the state’s trade corridors, transit, and active transportation facilities.

Senior Bureau Grants: In 1965 the federal government passed the Older Americans Act to provide grant funding for programs which benefit seniors. This includes nutrition programs in the community and for those who are homebound; programs for low -income minority elders; health promotion and disease prevention activities; in- home services for frail elders, and those services which protect the rights of older persons such as the long-term care ombudsman program.

South Coast AQMD Fund: To account for monies received from motor vehicle tax and expended on programs to reduce air pollution which are necessary to implement the California Clean Air Act of 1988.

State Gas Tax: To account for monies received and expended from the state and county gas tax allocation.

State Earmarks: Fund provided by legislators for projects or programs that curtail the ability of the Executive Branch to manage critical aspects of the funds allocation process.

Traffic Safety: To account for monies received under Section 1463 of the Penal Code and expended on traffic safety.

22 FUND DESCRIPTIONS

CAPITAL IMPROVEMENT FUNDS
Are used to account for financial resources used for capital improvement projects.

DEBT SERVICE FUNDS
Are used to account for the accumulation of resources and payment of all general long- term debt obligations of the City.

PROPRIETARY FUNDS
A proprietary fund accounts for business type activities of the City that receive a significant portion of funding through user charges with the intent to fully recover the cost of service. The Enterprise and Internal Services Funds are proprietary type funds.

Enterprise Funds:

GTrans (Major Fund) accounts for user charges, fees, federal, state and county grants and all operating costs associated with the operation of the City’s bus lines. Although the GTrans is a separately operating enterprise fund, it is still operationally a department of the City.

Sewer Fund accounts for fees charged to users of the City’s sewer system. The fee is based upon the amount of domestic water used. The revenue is used to replace, rehabilitate, maintain, and improve the City’s sewer system.

Internal Service Funds:

The Internal Service Funds account for financing of goods or services provided by one City department to other departments of the City on a cost-reimbursement basis and consist of the following funds:

Self-Insurance Liability Fund
Self-Insurance Workers’ Compensation Fund
Self-Insurance Health Benefit Fund

FIDUCIARY FUNDS
Account for assets held by the City in a trustee capacity. Fiduciary funds are normally not budgeted because typically the trust agreement or law already provides adequate control over the trust fund resources. 23 ACCOUNTING PRINCIPLES AND POLICIES

FUND ACCOUNTING

The accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures as appropriate. Government resources are allocated to, and accounted for, in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. The financial section in this budget is grouped by generic fund types and broad fund categories as follows:

Governmental Funds Proprietary Funds
General Fund Enterprise Funds
Special Revenue Funds Internal Service Funds
Capital Improvement Fund
Debt Service Funds

BASIS OF ACCOUNTING AND BUDGETING

The City’s Governmental Fund Types (General, Special Revenue, Debt Service and Capital Projects Funds) are accounted for and budgeted using the modified accrual basis of accounting. Revenues are recognized when they become measurable and available as net current assets. Revenue considered susceptible to accrual includes property taxes, sales taxes, interest and motor vehicle license fees.

Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. An exception to the general rule is compensated absences not payable within one year, and interest and principal on long- term debt which are recorded when due.

Proprietary Fund Types are accounted for on an “income determination” or “cost of services” measurement focus. Accordingly, all assets and all liabilities are included on the balance sheets, and the reported fund equity (total reported assets less total reported liabilities) provides an indication of the economic net worth of the funds. The operating statements for the City’s Proprietary Fund Types report increases (revenues) and decreases (expenses) in total economic net worth. All Proprietary Fund Types are accounted for and budgeted using the accrual basis of accounting. Revenues are recognized when earned, and expenses are recognized when incurred.

FINANCIAL POLICIES
The following financial policies represent the long- standing principles and traditions which guide the City in its fiscal decisions.

FINANCE COMMITTEE

The City’s Finance Committee is comprised of two c ouncilmembers, (appointed by the Mayor) and the City Treasurer. The Committee meets quarterly with the City Manager to review and make recommendations on the City’s budget, debt, and other financial actions.

AUDITING AND FINANCIAL REPORTING
• California state statute requires an annual audit of the books of account, financial records and transactions of all administrative departments of the City by Independent Certified Public Accountants.
• The City will produce annual financial reports in accordance with Generally Accepted Accounting Principles (GAAP) as outlined in Governmental Accounting, Auditing and Financial Reporting (GAAFR).

REVENUE POLICY
• The City will try to maintain a diversified and stable revenue system to shelter it from short run fluctuations in any one- revenue source.

24 ACCOUNTING PRINCIPLES AND POLICIES

• The City will follow an aggressive policy of collecting revenues as established in 2002 using the City’s cashiering system. • The City will establish all user charges and fees at a level closely related to the full cost (operating, direct, indirect and capital) of providing the service. The City will continue to review fees/charges periodically.

INVESTMENT OF IDLE FUNDS
• The safeguarding of all public monies shall be of the highest priority. Public money shall not be invested or managed in any manner, which would jeopardize the safety of the principal pursuant to California Government Code Section 53635.
• The City’s investment policy is reviewed and approved annually by the City Council.
• Direct responsibility for managing the City’s investment portfolio rests with the City Treasurer.
• All investments are made in accordance with the following criteria, stated in order of priority: safety, liquidity and yield.

PURCHASING POLICY
• The City’s departments will purchase the best value obtainable, securing the maximum benefit for each tax dollar expended, while giving all qualified vendors an equal opportunity to do business with the City.
• All purchases with a total cost over $50,000 must be procured by a formal bid and can only be authorized and awarded by the City Council.
• Whenever possible, local vendors shall be included as sources for all purchases.

RISK MANAGEMENT POLICY
• The City is self -insured against each general liability claim for the first $ 750,000 and each workers’ compensation claim for the first $500,000 and $750,000 for each GTrans claim against the City. The City carries insurance in excess of these amounts.
• The City’s role in managing its risk management program is to be pr oactive, in nature, which will be accomplished through careful monitoring of losses, working closely with the third -party administrator and designing and implementing programs to minimize risk and reduce losses.

FIXED ASSET POLICY
• To safeguard the investment in fixed assets.
• To use the fixed asset system as a management tool for replacement of recurring items to avoid duplication and inefficient use of fixed assets.
• To comply with state laws and regulations.
• To provide information for preparation of financial statements in accordance with GAAP with emphasis placed on completion of GASB 34 requirements.
• When disposing of fixed assets , every effort should be made to recover some of the original cost by selling and or trading in the fixed asset.

CAPITAL IMPROVEMENT POLICY
• The City will develop a multi -year plan for capital
improvements, update it annually and make all capital
improvements in accordance with this plan.
• Immediate capital replacement needs and smaller capital projects are funded on a pay -as-you-go basis through a budget transfer.
25 ACCOUNTING PRINCIPLES AND POLICIES

• Capital improvements involve the outlay of substantial funds; therefore, the City prioritizes the use of non- general fund monies to support these expenditures.

DEBT POLICY
• To provide for proper planning of capital expenditures, financing requirements and guidelines for issuance of various debt instruments.
• To hold borrowing costs at a minimum and maintain ratios within established standards.
• To secure favorable ratings and competitive lower interest rates on all types of borrowing instruments, thereby providing a savings to all taxpayers.

BORROWING INSTRUMENTS
• Tax and Revenue Anticipation Notes to be issued no more than once a year. Maximum maturity of notes will be twelve months from date of issue. Notes will be rated by Moody’s Investor Service, Standard and Poor’s Ratings Group or Fitch Investors Service, L.P.
• Certificates of Participation (COPS) can be used as a financial alternative for acquiring assets.
• Revenue Bonds – City Council will evaluate all requests. • Mello-Roos financing – City Council will evaluate all requests.

BUDGET – GENERAL POLICY
• City staff will present to the City Council a structurally balanced budget proposal that does not rely on “one- time” revenues .

Annual recurring expenditures will be funded with annual recurring revenues.

• The City Council will , by June 30 of each year , adopt a structurally balanced operating and capital improvement spending plan for the ensuing fiscal year , where operating revenues are equal to, or exceed, operating expenditures. • The City will align and amend as appropriate its operating and capital spending plan with its strategic action plan priorities and economic development plan.
• City staff will complete and present a quarterly Budget and Economic Condition Analysis to the Finance Committee.

Recommended budget adjustments will be submitted to the City Council for consideration and approval.
• The City will establish and maintain a General Fund Reserve equal to at least twenty -five percent ( 25%) of its annual General Fund operating budget. The amount will be revised annually and such funds will be expended only with the
approval of the City Council.

BUDGET – REVENUE
• Revenue projections will be based on multiple sources of information including, but not limited to , historical trends, federal, state and regional economic forecasts, service levels, changes in legislation and mandates and other statistical resources generally available.
• The City will develop and incorporate into each spending plan revenue and expenditure projections for five (5) additional years into the future and amend the projection annually as part of the budget review.
• When projecting revenues, the City will take into consideration the diversity, volatility and stability of its revenue stream and will as much as possible base its core operating cost on historically stable revenue sources.
26 ACCOUNTING PRINCIPLES AND POLICIES

• The City will stabilize its revenue base by forecasting its annual operating expenditures on diverse revenue sources and limiting revenue growth projections in each revenue category.
• Revenues received in excess of the budgeted projections will be used for one-time expenditures or set aside as reserve.

BUDGET – EXPENDITURES
• Expenditures will be budgeted realistically for each expenditure category and can be adjusted internally as may become
necessary but will not exceed appropriation limits.
• Contingency funds will be included in the annual budget to provide funding for unanticipated operating cost increases, one-time purchasing opportunities and one- time emergency expenditures to repair equipment and facilities. Unexpended funds will carry-over to the next fiscal year.
• In considering reductions in service levels, program cuts, or staffing reductions, the city will first assess options to improve operational efficiencies and develop additional revenues to cover the cost to continue the existing level of public service with existing Budget Policies.

• Limiting Cost with Fees for Service: Certain services are used selectively by a limited number of participants and, therefore, are not mandated City services. These services are provided based on individual interest and are provided only as funding is available. To fund these programs without limiting basic services necessary for the general public, the City will perform a cost analysis to identify the city’s fully burdened cost for providing those services and , to the extent reasonable, set the fee based on full cost recovery. Such fees shall be updated frequently to ensure that the fees are reflective of actual city costs for the delivery of services.
• Unexpended funds within a fiscal year will be held in reserve or appropriated for one-time expenditures.

BUDGET – CAPITAL IMPROVEMENT
• Capital improvements will be financed primarily through special revenue funds, user fees, service charges, and developer agreements when benefits can be speci fically attributed to users of the facilities.
• The City will analyze the impact of capital improvements to ensure that operational and maintenance costs are balanced with on- going revenue to support facility operations.

27 PROPOSED

BUDGET SUMMARIES
FY 2026/27 & FY 2027/28
28 Revenue Sources General Fund % of Total Department Expenditures General Fund % of Total Sales and Use Tax 28,298,068$ 31.48% Police 36,029,098$ 40. 12% Card Club Gross Revenue Fees 6,623,877$ 7.37% Public Works 7,849,822 8.74% Property Tax 11,673,281$ 12.98% Recreation & Human Services 6,991,219 7.78% Vehicle License Fees 9,820,568$ 10.92% Community Development 3,552,957 3.96% Utility Users Tax 7,741,353$ 8.61% Administrative Services 3,616,371 4.03% Business License Tax 3,073,260$ 3.42% Elected and City Manager's Offices 2,859,122 3.18% Franchise and Other Taxes 5,764,835$ 6.41% Non-Departmental including Fire and RCC 15,976,393 17.79% License and Permits 1,800,781$ 2.00% Transfers Out 12,937,096 14.40% Fines and Forfetuires 886,962$ 0.99% TOTAL EXPENDITURES 89,812,078$ 100. 00% Investment Income 1,485,305$ 1.65%
Intergovernmental 575,538$ 0.64%
Current Service Charge 2,502,800$ 2.78%
Other Revenue 512,036$ 0.57%
Transfer In 6,062,259$ 6.74%
Charges to Other Funds 3,085,057$ 3.43%
TOTAL REVENUES 89,905,980$ 100.00%
GENERAL FUND REVENUE and EXPENDITURES 2026/2027
WHERE THE MONEY COMES FROM… WHERE THE MONEY GOES…
Police, 40.12%
Public Works,

8.74%
Recreation &
Human Services,

7.78%
Community
Development,

3.96%
Administrative
Services, 4.03%
Elected and City
Manager's Offices,

3.18%
Non-Departmental
including Fire and
RCC, 17.79%
Transfers Out,

14.40%
Sales and Use Tax,

31.48%
Card Club
Gross
Revenue
Fees, 7.37%
Property Tax,

12.98%
Vehicle License Fees,

10.92%
Utility Users Tax,

8.61%
Business License
Tax, 3.42%
Franchise and Other
Taxes, 6.41%
License and Permits,

2.00%
Fines and
Forfetuires, 0.99%
Investment
Income, 1.65%
Intergovernmental,

0.64%
Current Service
Charge, 2.78%
Other Revenue,

0.57%
Transfer In, 6.74%
Charges to Other
Funds, 3.43%
Other, 15.82%
29 Revenue Sources General Fund % of Total Department Expenditures General Fund % of Total Sales and Use Tax 33,053,741$ 34.89% Police 38,221,256$ 40. 38% Card Club Gross Revenue Fees 4,000,000$ 4.22% Public Works 8,271,068 8.74% Property Tax 12,140,212$ 12.82% Recreation & Human Services 7,308,416 7.72% Vehicle License Fees 10,311,597$ 10.89% Community Development 3,755,916 3.97% Utility Users Tax 8,171,287$ 8.63% Administrative Services 3,835,436 4.05% Business License Tax 3,134,725$ 3.31% Elected and City Manager's Offices 3,208,808 3.39% Franchise and Other Taxes 5,975,669$ 6.31% Non-Departmental including Fire and RCC 16,860,102 17.81% License and Permits 1,836,797$ 1.94% Transfers Out 13,181,576 13.93% Fines and Forfetuires 913,571$ 0.96% TOTAL EXPENDITURES 94,642,578$ 100. 00% Investment Income 1,399,464$ 1.48%
Intergovernmental 592,804$ 0.63%
Current Service Charge 2,634,549$ 2.78%
Other Revenue 512,036$ 0.54%
Transfer In 6,962,259$ 7.35%
Charges to Other Funds 3,085,057$ 3.26%
TOTAL REVENUES 94,723,768$ 100.00%
GENERAL FUND REVENUE and EXPENDITURES 2027/2028
WHERE THE MONEY COMES FROM… WHERE THE MONEY GOES…
Police, 40.38%
Public Works,

8.74%
Recreation &
Human Services,

7.72%
Community
Development,

3.97%
Administrative
Services, 4.05%
Elected and City
Manager's Offices,

3.39%
Non-Departmental
including Fire and
RCC, 17.81%
Transfers Out,

13.93%
Sales and Use Tax,

34.89%
Card Club Gross
Revenue Fees,

4.22%
Property Tax,

12.82%
Vehicle License Fees,

10.89%
Utility Users Tax,

8.63%
Business License
Tax, 3.31%
Franchise and Other
Taxes, 6.31%
License and Permits,

1.94%
Fines and
Forfetuires, 0.96%
Investment
Income, 1.48%
Intergovernmental,

0.63%
Current Service
Charge, 2.78%
Other Revenue,

0.54%
Transfer In, 7.35% Charges to Other
Funds, 3.26%
Other, 16.03%
30 Revenues and Other Sources:

Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Change in $
Proposed 26-27 vs
Proposed 27-28
Change in %
Proposed 26-27 vs
Proposed 27-28
Taxes 72,234,462 73,486,609 72,995,242 76,787,231 3,791,989 5. 2% Licenses and Permits 1,967,596 2,127,013 1,800,781 1 ,836,797 3 6,016 2.0% Fines and Forfeitures 1,017,194 861,128 886,962 913 ,571 26, 609 3.0% Use of Money & Property 3,382,580 880,000 1,485,305 1 ,399,464 ( 85,841) -5. 8% Intergovernmental 501,611 558,775 575,538 592 ,804 17, 266 3.0% Current Service Charges 2,384,474 2,940,907 2,502,800 2 ,634,549 1 31,749 5.3% Other Revenue 591,028 512,036 512,036 512 ,036 - - Charges to Other Funds 3,030,213 3,085,057 3,085,057 3 ,085,057 - - Transfer In 3,604,426 2,953,259 6,062,259 6 ,962,259 9 00,000 14.8 % Total Revenues 88,713,583 87,404,784 89,905,980 94,723,768 4,817,788 5. 4% Expenditures:

Salaries and Benefits 47,316,475 53,182,522 51,183,821 54,586,987 3,403,166 6. 6% Materials and Operations 24,468,575 25,717,309 25,490,661 26,696,615 1,205,954 4. 7% Capital Outlay 547,387 324,500 200,500 177 ,400 (23 ,100) -11 .5% Fund Transfers 15,753,058 8,107,407 12,937,096 13,181,576 244,480 1.9% Total Expenditures 88,085,495 87,331,738 89,812,078 94,642,578 4,830,500 5. 4% Net Change in Fund Balance 628,088 73,046 93,902 81,190 (12,712) -13.5% Fund Balances - Beginning 33,490,618 34,118,707 34,191,753 34,285,655 Fund Balances - Ending 34,118,707 34,191,753 34,285,655 34,366,845 81,190 0.2%

GENERAL FUND HISTORICAL REVENUE AND EXPENDITURE SUMMARY 31 GENERAL FUND
–

FUND BALANCE
City established a 25% General
Fund Reserve Policy
32 GENERAL FUND TOP 5 REVENUES
0 5
10 15
20 25
30 35
Audited
2023-24 Audited
2024-25 Adopted
2025-26 Proposed
2026-27 Proposed
2027-28
Card Club Revenue Fee $4.0M
Property Taxes $12.1M
Vehicle License Fee $10.3M
Sales & Use Tax $33.1M
Utility Users Tax $8.2M
In Millions USD – Amount above is for Fiscal Year 2027-28 33 2024-2025 2025-2026 2026-2027 2027-2028
Audited Adopted Proposed Proposed
TAXES (001)
3101-3105 Property Taxes 10,836,409$ 11,176,231$ 11,673,281$ 12,140,212$ 3106 Sales and Use Tax 28,214,603$ 27,973,537$ 28,298,068$ 33,053,741$ 3107-09, 3112-13 Franchise Taxes 2,432,159$ 2,520,347$ 2,544,342$ 2,657,534$ 3110 Documentary Stamp Tax 196,384$ 233,484$ 253,484$ 238,484$ 3115-3116 Business License Tax 3,153,491$ 3,013,000$ 3,073,260$ 3,134,725$ 3117 Card Club Gross Revenue Fees 8,808,950$ 9,166,202$ 6,623,877$ 4,000,000$ 3118 Utility Users Tax 6,829,968$ 7,167,001$ 7,741,353$ 8,171,287$ 3119 Franchise Utility 1,140,092$ 1,311,788$ 1,351,141$ 1,418,698$ 3121 Hotel/Motel Tax 1,521,081$ 1,459,036$ 1,502,807$ 1,547,891$ 3122, 3349 Property Tax - Homeowner Tax Relief 37,745$ 38,061$ 38,061$ 38,061$ 3345 Motor Vehicle License In-Lieu 96,030$ 75,000$ 75,000$ 75,000$ 3346-3348 Vehicle License/Licenses In-Lieu 8,967,550$ 9,352,922$ 9,820,568$ 10, 311,597$ TOTAL TAXES 72,234,462$ 73,486,609$ 72,995,242$ 76,787,230$ LICENSES & PERMITS (002)
3218-3220 Special and Entertainment Permits 164,416$ 181,975$ 172,637$ 176,090$ 3222-3232 Building and Other Permits 1,645,741$ 1,845,038$ 1,464,401$ 1,493,689$ 3234-3235 Appeals and Administration Fees 151,184$ 100,000$ 158,743$ 161,918$ 3473,3237 Fireworks and CCW Fees 6,254$ -$ 5,000$ 5,100$ TOTAL LICENSES and PERMITS 1,967,596$ 2,127,013$ 1,800,781$ 1,836,797$ FINES & FORFEITURES (003)
3533-3535 Administrative Citation and Parking Fines 1,002,990$ 831,128$ 856,962$ 883,571$ 3536-3538 Court Fines 14,205$ 30,000$ 30,000$ 30,000$ TOTAL FINES and FORFEITURES 1,017,194$ 861,128$ 886,962$ 913,571$ INVESTMENT INCOME (004)
3640 Interest on Investments 2,300,863$ 750,000$ 1,330,305$ 1,244,464$ 3641-3644 Rents and Concessions 197,046$ 105,000$ 105,000$ 105,000$ 3645 Fair Market Value on Investments 884,671$ 25,000$ 50,000$ 50,000$ 3646 Other Investment Income -$ -$ TOTAL INVESTMENT INCOME 3,382,580$ 880,000$ 1,485,305$ 1,399,464$ FROM OTHER AGENCIES (005/006/007)
3311 Public Safety Augmentation 463,573$ 474,075$ 489,197$ 503,873$ 3375-3376 STC Reimbursement/POST Reimbursemen 10,722$ 24,229$ 24,956$ 25,705$ 3378 Mandated Cost Reimbursement 620$ 30,000$ 30,000$ 30,900$ 3383-88,3772,3391 Other Reimbursements 26,697$ 30,471$ 31,385$ 32,326$ TOTAL FROM OTHER AGENCIES 501,611$ 558,775$ 575,538$ 592,804$ Revenue Sources

GENERAL FUND REVENUES BY ACCOUNT

FOUR-YEAR COMPARISON
FISCAL YEARS ENDING 2025-2028
34 2024-2025 2025-2026 2026-2027 2027-2028
Audited Adopted Proposed ProposedRevenue Sources

GENERAL FUND REVENUES BY ACCOUNT

FOUR-YEAR COMPARISON
FISCAL YEARS ENDING 2025-2028
CURRENT SERVICE CHARGES (008)
3401-3402 Public Service Impact -$ -$ -$ -$ 3403-04, 3454 Business Registration Fee/Inspect Fee 43,061$ 2,000$ 162,000$ 162,000$ 3406 Trucking Impact Fee 15,681$ 15,000$ 10,000$ 10,000$ 3407 ATM Commission 22$ -$ -$ -$ 3409 Passport Fees 7,925$ 10,000$ 10,000$ 10,000$ 3411 Tipping Fees - CDS Refuse 138,619$ 190,000$ 150,000$ 150,000$ 3418-31, 3470 Recreation Fees 359,419$ 526,500$ 334,000$ 359,000$ 3433-3435 Industrial Waste/Strong Motion/Runoff Fees 199,032$ 333,307$ 240,000$ 250,000$ 3450-3453 Planning - Fees 540,828$ 700,000$ 580,000$ 640,000$ 3455-3459 Miscellaneous Fees (Public Works) 15,800$ 55,800$ 15,800$ 15,800$ 3466 Sewer Connection Fees 5,149$ 35,000$ 30,000$ 30,000$ 3475 Police Towing Admin Fees 178,100$ 162,300$ 135,000$ 141,750$ 3491 Police Services Bus Lines 351,471$ 400,000$ 350,000$ 380,000$ 3462, 3482 Miscellaneous Fees (Police Department) 69,285$ 80,000$ 80,000$ 80,000$ 3405, 3432-38, 3463-90 Other 200,628$ 141,000$ 116,000$ 116,000$ 3492 Franchise - Admin Fees (AB939) 259,456$ 290,000$ 290,000$ 290,000$ TOTAL CURRENT SERVICE CHARGES 2,384,474$ 2,940,907$ 2,502,800$ 2,634,550$ OTHER REVENUE (009)
3701 Franchise - Community Support 42,500$ 50,000$ 50,000$ 50,000$ 3770 Sale of Real or Personal Property 78,574$ 10,000$ 10,000$ 10,000$ 3705,3771-3787, 3789 Miscellaneous 301,099$ 152,036$ 152,036$ 152,036$ 3760, 3791 CIP and Engineering Costs Reimbursed 168,855$ 300,000$ 300,000$ 300,000$ 3901-3902,3996,3997 Other Financing Sources -$ -$ -$ TOTAL OTHER REVENUE 591,028$ 512,036$ 512,036$ 512,036$ 82,078,945$ 81,366,468$ 80,758,664$ 84,676,452$ CHARGES TO OTHER FUNDS (084) 3,030,213$ 3,085,057$ 3,085,057$ 3,085,057$ FUNDS TRANSFERRED IN (089) 3,604,426$ 2,953,259$ 6,062,259$ 6,962,259$ .
88,713,583$ 87,404,784$ 89,905,980$ 94,723,768$

TOTAL REVENUES

TOTAL GENERAL FUND
35 OPERATING BUDGET FY 2025-26 FY 2026-27 F 2027-28 FY 2028-29 Revenues⁴ 87,786,594 92,113,939 99,555,604 104,053,986
Revenue Loss Due to Casino Regulations¹ (2,207,959) (4,831,836) (5,331,836) Operating Revenues 87,786,594 89,905,980 94,723,768 98,722,150 Operating Expenditures² ³ (87,633,389) (89,812,078) (94,642,578) (98,703,200) Operating Surplus / (Deficit) 153,204 93,902 81,190 18,950 Ending General Fund Balance 34,271,910 34,365,812 34,447,002 34,465,952 Balance % of Operating Expenditures 39.1% 38.3% 36.4% 34.9% 1 Does not include recession scenarios and assumes that Hustler Casino will continue to operate in the City 3 Assumes that CalPERS will meet its investment return of 6.8% per fiscal year 4 Assumes successful passage of Measure GG (0.25%) by Fiscal Year 2026-2027

CITY OF GARDENA
General Fund Long-Range Budget Planning
2 Assumes same staffing level and additional fire protection services payment starting FY 2027-28 Fiscal Year 2025-26 to Fiscal Year 2028-2029

BASELINE PROJECTION
36 TRANSFERS TOTAL TRANSFERS TOTAL

REVENUES IN REVENUES EXPENDITURES OUT EXPENDITURES
General 34,191,753$ 83,843,721$ 6,062,259$ 89,905,980$ 76,874,982$ 12,937,096$ 89,812,078$ 34,285,655$ General Fund 34,191,753 83,843,721 6,062,259 89,905,980 76,874,982 12,937,096 89,812,078 34,285,655 General Liability (2,181,342) 1,689,873 1,247,872 2,937,745 3,861,974 9,303 3,871,277 (3,114,874) Workers' Compensation (8,356,569) 2,023,604 800,000 2,823,604 2,862,694 14,578 2,877,272 (8,410,237) Health Benefits 4,884,923 13,255,867 3,934,689 17,190,556 15,239,031 2,505,061 17,744,092 4,331,387 Internal Services Funds (5,652,988) 16,969,344 5,982,561 22,951,905 21,963,699 2,528,942 24,492,641 (7,193,724) 2006 Series A & B Refunding 1,931,614 - 1,021,096 1,021,096 1,021,096 - 1,021,096 1,931,614 2014 Taxable Lease Rev Ref Bonds 2 - 504,048 504,048 504,048 - 504,048 2 2007A Refunding Rev Bonds 229,796 - 188,975 188,975 188,975 - 188,975 229,796 Taxable Pension Obligation Bonds 2020 71,213 - 6,102,051 6,102,051 6,102,051 - 6,102,051 71,213 Lease Revenue Bonds, 2021 (868,504) - 945,650 945,650 945,650 752,082 1,697,732 (1,620,586) Debt Service Funds 1,364,120 - 8,761,820 8,761,820 8,761,820 752,082 9,513,902 612,038 Capital Improvements 1,894 100,500 58,444,427 58,544,927 58,544,927 58,544,927 1,894 GTrans 46,307,461 29,676,984 10,455,616 40,132,600 39,932,937 199,663 40,132,600 46,307,461 Sewer Fund 794,145 2,512,500 - 2,512,500 2,049,155 5,081,838 7,130,993 (3,824,348) Enterpri
se Funds 47,101,606 32,189,484 10,455,616 42,645,100 41,982,092 5,281,501 47,263,593 42,483,113 Technology Replacement 2,936,172 733,989 25,000 758,989 672,098 - 672,098 3,023,063 Equipment Revolving 1,550,000 - 25,000 25,000 - - - 1,575,000 Deferred Maintenance 12,305,219 25,000 25,000 - 3,746,088 3,746,088 8,584,131 Vehicle Replac
ement Fund 2,625,653 150,000 150,000 - - - 2,775,653 Accrued Benefit Liability Stabilization 3,491,053 25,000 25,000 1,650,000 - 1,650,000 1,866,053 Measure A Homeless Initiative 20,819 192,562 192,562 192,562 - 192,562 20,819 Asset Seizure Fund-Non Federal 779,343 - - 325,000 325,000 454,343 Officer Wellness and Mental Health Grant 7,881 - - - - 7,881 Digital Divide - 3,498,291 3,498,291 - 3,498,291 3,498,291 - Consolidated Street Lighting District 444,831 967,356 967,356 887,405 263,944 1,151,349 260,838 Artesia Blvd. Landscape District 5,473 21,662 21,662 21,662 - 21,662 5,473 State Gas Tax 1,542,983 1,756,681 1,756,681 767,599 875,097 1,642,696 1,656,968 Maxine Waters Federal Earmark - 1,000,000 1,000,000 - 1,000,000 1,000,000 - Development Impact Fee 50,108 - - 246,825 246,825 (196,717) Supplement Law Enf
orcement (SLESF) 421,082 172,821 172,821 350,000 - 350,000 243,903 Traffic Safety Fund 39,775 75,500 75,500 - 75,500 75,500 39,775

PROPOSED REVENUES PROPOSED APPROPRIATIONS

SUMMARY OF FUND ACTIVITY
FISCAL YEAR 2026-2027

FUND DESCRIPTION
FY 2025-2026

PROJECTED

FUND BALANCE
FY 2026-2027

PROJECTED

FUND BALANCE

37 TRANSFERS TOTAL TRANSFERS TOTAL

REVENUES IN REVENUES EXPENDITURES OUT EXPENDITURES

PROPOSED REVENUES PROPOSED APPROPRIATIONS

SUMMARY OF FUND ACTIVITY
FISCAL YEAR 2026-2027

FUND DESCRIPTION
FY 2025-2026

PROJECTED

FUND BALANCE
FY 2026-2027

PROJECTED

FUND BALANCE
Asset Forfeiture Fund 2,026,731 - - - - 2,026,731 Measure W Safe Clean Water Program (227,420) 872,000 872,000 224,578 1,123,259 1,347,837 (703,257) Mas Fukai Building Structure Renovation - 2,000,000 2,000,000 - 2,000,000 2,000,000 - Bicycle and Pedestrian Program (156,467) 143,000 143,000 - 143,000 143,000 (156,467) CPF Rosecrans Community Center - 1,000,000 1,000,000 - 1,000,000 1,000,000 Façade Improvement Program 12,281 - - 12,281 Rowley Park Gymnasium Renovation (48,360) 2,854,731 2,854,731 2,854,731 2,854,731 (48,360) Measure M Transit (1) 5,272,207 5,272,207 5,272,207 5,272,207 (1) GTrans OPEB Trust 6,550,564 - - 6,550,564 City OPEB Trust Fund 3,896,036 525,000 525,000 - 4,421,036 Measure R Transit 485,155 5,183,409 5,183,409 5,183,409 5,183,409 485,155 Prop A Local Return 7,801 1,684,834 1,684,834 1,684,834 1,684,834 7,801 Prop 1B Capital 3,749,805 - - 3,749,805 Prop 1B Securi
ty 508,093 - - 508,093 AQMD - MSRC 10,431 - - 10,431 Measure A (134,214) 3,126,024 3,126,024 3,126,024 3,126,024 (134,214) South Coast AQMD 193,551 80,000 80,000 15,000 3,500 18,500 255,051 Prop C Local Return 1,361,995 1,308,965 1,308,965 45,323 5,278,077 5,323,400 (2,652,440) Prop 68 State Parks Grant (137,629) - - (137,629) Measure R Highway (19,494) 2,412,774 2,412,774 2,412,774 2,412,774 (19,494) Measure R Local Return 157,669 981,724 981,724 45,323 3,310, 332 3,355,655 (2,216,262)
In Lieu Funds (443,580) - 2,617,771 2,617,771 (3,061,351) Measure M Local Return (1,417,827) 1,112,620 1,112,620 28,936 4,863,204 4,892,140 (5,197,347) SB 1- Gas Tax 478,731 1,713,639 1,713,639 4,396,856 4,396,856 (2,204,486) Unfunded Accrued Liability (UAL) Fund 7,340,813 - 3,300,000 3,300,000 4,040,813 Measure M Highway (0) 12,240,746 12,240,746 12,240,746 12,240,746 - UAL Fund - GT
rans 876,439 199,663 199,663 - 1,076,102 UAL Fund - Sewer 48,260 9,268 9,268 - 57,528 Highway Safety Improvement Program (13,025) - - (13,025) Energy Efficiency & Conservation Blk Grn (56,010) - (56,010) National Opioid Settlements Fund - - 85,885 - 85,885 (85,885) SCAMP - 416,155 416,155 404,523 11,632 416,155 -

38 TRANSFERS TOTAL TRANSFERS TOTAL

REVENUES IN REVENUES EXPENDITURES OUT EXPENDITURES

PROPOSED REVENUES PROPOSED APPROPRIATIONS

SUMMARY OF FUND ACTIVITY
FISCAL YEAR 2026-2027

FUND DESCRIPTION
FY 2025-2026

PROJECTED

FUND BALANCE
FY 2026-2027

PROJECTED

FUND BALANCE
SCAMP - Home Delivery - 240,925 240,925 231,977 8,948 240,925 - Supportive Services Program - 141,797 141,797 128,099 13,698 141,797 - Senior Citizen Day Care - Trust - 80 80 80 80 - Family Child Care 40,963 - - 40,963 Prop 56 - Tobacco Grant Program (28,289) - - (28,289) BJA BYRNE Discretionary Grant (26,622) - - (26,622) OTS DUI Enforcement Awareness Program - 100,000 100,000 100,000 100,000 - Brownfields Hazardous Material 3,079 - - 3,079 CalHome 413,593 - - 413,593 State HOME Owner Occupied Grant 2,074,000 - - 2,074,000 HOME ARP 1,040,280 1,040,280 1,040,280 1,040,280 - CDBG Admin (37,257) 120,832 120,832 120,832 120,832 (37,257) CDBG Housing Rehabilitation Program (41,973) 946,218 946,218 946,218 946,218 (41,973) Special Revenue Funds 53,668,215 53,411,822 983,931 54,395,753 9,643,134 69,190,993 78,834,127 29,229, 841 TOTAL ALL FUNDS 130,674,600$ 186,514,871$ 90,690,614$ 277,205,485$ 217,770,654$ 90,690,614$ 308,461,268$ 99,418,817$

39 TRANSFERS TOTAL TRANSFERS TOTAL

REVENUES IN REVENUES EXPENDITURES OUT EXPENDITURES
General 34,285,655$ 87,761,509$ 6,962,259$ 94,723,768$ 81,461,002$ 13,181,576$ 94,642,578$ 34,366,845$ General Fund 34,285,655 87,761,509 6,962,259 94,723,768 81,461,002 13,181,576 94,642,578 34,366,845 General Liability (3,114,874) 1,696,689 1,247,872 2,944,561 3,990,247 9,287 3,999,534 (4,169,847) Workers' Compensation (8,410,237) 2,023,604 800,000 2,823,604 3,203,230 14,552 3,217,782 (8,804,415) Health Benefits 4,331,387 14,100,493 4,230,869 18,331,362 16,622,122 2,505,048 19,127,170 3,535,579 Internal Services Funds (7,193,724) 17,820,786 6,278,741 24,099,527 23,815,599 2,528,887 26,344,486 (9,438,683) 2006 Series A & B Refunding 1,931,614 1,018,561 1,018,561 1,018,561 1,018,561 1,931,614 2014 Taxable Lease Rev Ref Bonds 2 505,586 505,586 505,586 505,586 2 2007A Refunding Rev Bonds 229,796 191,825 191,825 191,825 191,825 229,796 Taxable Pension Obligation Bonds 2020 71,213 6,100,247 6,100,247 6,100,247 6,100,247 71,213 Lease Revenue Bonds, 2021 (1,620,586) 943,750 943,750 943,750 943,750 (1,620, 586) Debt Service Funds 612,038 - 8,759,969 8,759,969 8,759,969 - 8,759,969 612,038 Capital Improvements 1,894 4,500,000 4,500,000 4,500,000 4,500,000 1,894 GTrans 46,307,461 30,184,757 10,547,584 40,732,341 40,499,227 233,114 40,732,341 46,307,461 Sewer Fund (3,824,348) 2,512,500 2,512,500 2,157,172 310,820 2,467,992 (3,779,840) Enterprise Funds 42,483,113 32,697,257 10,547,584 43,244,841 42,656,399 543,934 43,200,333 42,527,621 Technology Replacement 3,023,063 733,989 25,000 758,989 672,098 672,098 3,109,954
Equipment Revolving 1,575,000 25,000 25,000 - 1,600,000 Deferred Maintenance 8,584,131 25,000 25,000 - 8,609,131 Vehicle Replacement Fund 2,775,653 100,000 100,000 625,000 625,000 2,250,653 Accrued Benefit Liability Stabilization 1,866,053 25,000 25,000 - 1,891,053 Measure A Homeless Initiative 20,819 200,417 200,417 200,417 200,417 20,819 Asset Seiz
ure Fund-Non Federal 454,343 - 325,000 325,000 129,343 Officer Wellness and Mental Health Grant 7,881 - - 7,881 Consolidated Street Lighting District 260,838 996,302 996,302 929,467 50,000 979,467 277,673 Artesia Blvd. Landscape District 5,473 21,662 21,662 21,662 21,662 5,473 State Gas Tax 1,656,968 1,756,681 1,756,681 571,038 756,914 1,327,952 2,085,697 Development Impact Fee (196,717) - - (196,717) Supplement Law Enforcement (SLESF) 243,903 172,821 172,821 - 416,724 Traffic Safety Fund 39,775 75,500 75,500 75,500 75,500 39,775 Asset Forfeiture Fund 2,026,731 - - 2,026,731 Measure W Safe Clean Water Program (703,257) 872,000 872,000 224,578 683,259 907,837 ( 739,094)

SUMMARY OF FUND ACTIVITY
FISCAL YEAR 2027-2028

FUND DESCRIPTION
FY 2026-2027

PROJECTED

FUND BALANCE
AMENDED REVENUES AMENDED APPROPRIATIONS FY 2027-2028

PROJECTED

FUND BALANCE

40 TRANSFERS TOTAL TRANSFERS TOTAL

REVENUES IN REVENUES EXPENDITURES OUT EXPENDITURES

SUMMARY OF FUND ACTIVITY
FISCAL YEAR 2027-2028

FUND DESCRIPTION
FY 2026-2027

PROJECTED

FUND BALANCE
AMENDED REVENUES AMENDED APPROPRIATIONS FY 2027-2028

PROJECTED

FUND BALANCE
Bicycle and Pedestrian Program (156,467) - - (156,467) Façade Improvement Program 12,281 - - 12,281 Rowley Park Gymnasium Renovation (48,360) - - (48,360) Measure M Transit (1) 5,364,175 5,364,175 5,364,175 5,364,175 (1) GTrans OPEB Trust 6,550,564 - - 6,550,564 City OPEB Trust Fund 4,421,036 525,000 525,000 - 4,946,036 Measure R Transit 485,155 5,183,409 5,183,409 5,183,409 5,183,409 485,155 Prop A Local Return 7,801 1,853,317 1,853,317 1,853,317 1,853,317 7,801 Prop 1B Capital 3,749,805 - - 3,749,805 Prop 1B Security 508,093 - - 508,093 AQMD - MSRC 10,431 - - 10,431 Measure A (134,214) - - (134,214) South Coast AQMD 255,051 80,000 80,000 15,000 3,500 18,500 316,551 Prop C Local Return (2,652,440) 1,344,307 1,344,307 47,793 1,354,410 1,402,203 (2,710,336) Prop 68 State Parks Grant (137,629) - - (137,629) Measure R
Highway (19,494) - - (19,494) Measure R Local Return (2,216,262) 1,008,231 1,008,231 47,793 854,503 902,296 (2,110,327) In Lieu Funds (3,061,351) - - (3,061,351) Measure M Local Return (5,197,347) 1,142,661 1,142,661 30,682 1,053,124 1,083,806 (5,138,492) SB 1- Gas Tax (2,204,486) 1,765,048 1,765,048 1,825,000 1,825,000 (2,264,438) Unfunded Accrued Liability (UAL) Fund 4,040,813 - 4,200,000 4,200,000 (159,187) Measure M Highway - - - - UAL Fund - GTrans 1,076,102 233,114 233,114 - 1,309,216

UAL Fund - Sewer 57,528 10,820 10,820 - 68,348 Highway Safety Improvement Program (13,025) - - (13,025) Energy Efficiency & Conservation Blk Grn (56,010) - (56,010) National Opioid Settlements Fund (85,885) - 93,650 93,650 (179,535) SCAMP - 429,120 429,120 417,509 11,611 429,120 - SCAMP - Home Delivery - 246,236 246,236 237,304 8,932 246,236 - Supporti
ve Services Program - 144,534 144,534 130,861 13,673 144,534 - Senior Citizen Day Care - Trust - 80 80 80 80 - Family Child Care 40,963 - - 40,963

41 TRANSFERS TOTAL TRANSFERS TOTAL

REVENUES IN REVENUES EXPENDITURES OUT EXPENDITURES

SUMMARY OF FUND ACTIVITY
FISCAL YEAR 2027-2028

FUND DESCRIPTION
FY 2026-2027

PROJECTED

FUND BALANCE
AMENDED REVENUES AMENDED APPROPRIATIONS FY 2027-2028

PROJECTED

FUND BALANCE
Prop 56 - Tobacco Grant Program (28,289) - - (28,289) BJA BYRNE Discretionary Grant (26,622) - - (26,622) OTS DUI Enforcement Awareness Program - 100,000 100,000 100,000 100,000 - Brownfields Hazardous Material 3,079 - - 3,079 CalHome 413,593 - - 413,593 State HOME Owner Occupied Grant 2,074,000 - - 2,074,000 CDBG Admin (37,257) 120,832 120,832 120,832 120,832 (37,257) CDBG Housing Rehabilitation Program (41,973) 946,218 946,218 946,218 946,218 (41,973) Special Revenue Funds 29,229,841 24,557,540 968,934 25,526,474 7,285,219 21,763,090 29,048,309 25,708,006 TOTAL ALL FUNDS 99,418,817$ 162,837,092$ 38,017,487$ 200,854,579$ 168,478,188$ 38,017,487$ 206,495,675$ 93,777,721$

42 Fund Description Revenues Expenditures Delta
General Fund $89,905,980 $89,812,078 $93,902
Combined Internal Services $22,951,905 $24,492,641 ($1,540,736) Combined Debt Service $8,761,820 $9,513,902 ($752,082)
Capital Improvement (CIP) $58,544,927 $58,544,927 $0
Enterprise Funds
- Transportation $40,132,600 $40,132,600 $0
Enterprise Funds
- Sewer $2,512,500 $7,130,993 ($4,618,493)
Special Revenue Funds $54,395,753 $78,834,127 ($24,438,374) Total All Funds
- not including beginning fund balance $277,205,485 $308,461,268 ($31,255,783)

SUMMARY OF REVENUES AND EXPENDITURES
FISCAL YEAR 2026-2027 PROPOSED BUDGET - ALL FUNDS
A " structurally balanced budget " projects revenues to exceed expenditure appropriations within the term of the budget.

The City's fiscal year (term) is from July 1 - June 30 so expenditure appropriations must be made within revenue projections. The variance between revenue and expenditures is referred to as the "delta" (^) and may be positive, reflecting a structurally balanced budget, or negative, indicating a structural imbalance. A structural imbalance is normally the result of the revenue being received in a prior fiscal year. When a positive delta exists at the end of a fiscal year, revenues may be appropriated to expend in the next fiscal year or may be set aside as a reserve to be used for an emergency or one-time opportunities. Fund balance reserves are not intended to offset normal operating cost or to balance an unstructured budget. The General Fund is the only fund that is totally discretionary and therefore must balance a negative delta in any fund; conversely other funds may not be used to balance a negative delta in the General Fund. 43 Fund Description Revenues Expenditures Delta
General Fund $94,723,768 $94,642,578 $81,190
Combined Internal Services $24,099,527 $26,344,486 ($2,244,959) Combined Debt Service $8,759,969 $8,759,969 $0
Capital Improvement (CIP) $4,500,000 $4,500,000 $0
Enterprise Funds
- Transportation $40,732,341 $40,732,341 $0
Enterprise Funds
- Sewer $2,512,500 $2,467,992 $44,508
Special Revenue Funds $25,526,474 $29,048,309 ($3,521,835) Total All Funds
- not including beginning fund balance $200,854,579 $206,495,675 ($5,641,096)

SUMMARY OF REVENUES AND EXPENDITURES
FISCAL YEAR 2027-2028 PROPOSED BUDGET - ALL FUNDS
A " structurally balanced budget " projects revenues to exceed expenditure appropriations within the term of the budget.

PROPOSED BUDGET
FY 2026/27 & FY 2027/28
45 OPERATIONAL DEPARTMENTS
ELECTED & CITY MANAGER’S OFFICES

ADMINISTRATIVE

SERVICES
POLICE

RECREATION & HUMAN

SERVICES
GTRANS

PUBLIC WORKS

COMMUNITY

DEVELOPMENT

CITIZENS OF GARDENA
46 Elected & Appointed Positions
Elected Mayor 1.00 1.00 1.00 1.00 1.00 Elected Councilperson 4.00 4.00 4.00 4.00 4.00 Elected City Clerk 1.00 1.00 1.00 1.00 1.00 Elected City Treasurer 1.00 1.00 1.00 1.00 1.00 Gardena Beautification Commissioner 10.00 10.00 10.00 10.00 10.00 Rent Mediation Board Member 15.00 15.00 15.00 15.00 15.00 Gardena Economic Business Advisory Commissioner 10.00 10.00 10.00 10.00 10.00 Planning Commissioner 5.00 5.00 5.00 5.00 5.00 Recreation Commissioner 5.00 5.00 5.00 5.00 5.00 Senior Citizens Commissioner 5.00 5.00 5.00 5.00 5.00 Human Services Commissioner 5.00 5.00 5.00 5.00 5.00 Gardena Youth Commissioner 10.00 10.00 10.00 10.00 10.00 Total Elected & Appointed Positions 72.00 72.00 72.00 72.00 72.00 Departments
Administrative Services 22.00 22.00 23.50 25.00 26.00 Elected & City Manager's Offices 11.30 11.30 11.30 11.30 11.30 Community Development 19.35 19.35 19.35 19.35 19.35 Police & Community Safety 130.90 132.90 133.90 136.90 136.90 Public Works 47.30 49.00 49.00 50.00 50.00 Recreation & Human Services 67.88 78.91 80.66 81.66 81.66 Transportation - GTrans 159.10 165.50 165.50 180.00 180.00 Total Full Time Equivalent Positions 457.83 478.96 483.21 504.21 505.21 Proposed
FY 27/28
Citywide Staffing Plan
Proposed Budget Fiscal Years 2026-27 & 2027-28
Budgeted
FY 23/24
Budgeted
FY 24/25
Budgeted
FY 25/26
Proposed
FY 26/27
47 Legislative body for the City of Gardena and
serve on various committees, commissions, and
boards
Provides policy and operational direction to the
City Manager
Establishes City services and service levels; tax
rates, fees, assessments, and other revenue as
set forth by the Gardena Municipal Code

CITY MANAGER
Appoints all Department Heads and
supervise the operation of all City
Departments
Implements City Council’s policy decisions
and objectives
Prepares and observes the municipal budget
and makes recommendations to the City
Council

CITY CLERK
Maintaining records and updating Municipal
Codes
Provides resourceds to the public and City
staff
Coordinates the publication and posting of
ordinances, meetings, and other legal
notices

CITY TREASURER
Performs an oversight role of the investment
of all public funds
Advises the City Council with regard to the
investment policies and oversight
Serves on the Finance Committee
For more information visit
www.cityofgardena.org
ELECTED & CITY MANAGER’S OFFICE

CITY OF GARDENA
Clint D. Osorio
City Manager
Tasha Cerda
Mayor
Guy Mato
City Treasurer
Paulette C. Francis
Councilmember
Mark E. Henderson Ed. D
Mayor Pro Tem
Mina Semenza
City Clerk
Wanda Love
Councilmember
Rodney G. Tanaka
Councilmember
48 APPOINTED CITY MANAGER

CHIEF EXECUTIVE OFFICER
CLINT D. OSORIO

ELECTED MAY O R

TASHA CERDA

ELECTED CITY COUNCIL
MARK E. HENDERSON
RODNEY G. TANAKA
PAULETTE C. FRANCIS

WANDA LOVE

ELECTED CITY CLERK

MINA SEMENZA

PUBLIC RECORDS & ELECTIONS

ELECTED CITY TREASURER
GUY H. MATO

PUBLIC FUNDS/INVESTMENTS

APPOINTED COMMISSIONS, BOARDS
& COMMITTEES

ADMINISTRATIVE SUPPORT PROVIDED BY

APPROPRIATE OPERATING DEPARTMENT

APPOINTED CITY ATTORNEY

CONTRACTED LEGAL SERVICES

CARMEN VASQUEZ
ELECTED & CITY MANAGER’S OFFICES

RENT MEDIATION BOARD

GARDENA BEAUTIFICATION

COMMISSION

CITIZENS OF GARDENA
49 ELECTED & CITY MANAGER’S OFFICES
50 Elected and City Manager's Office Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
City Clerk 534,750 618,048 607,498 634,470
General Election 903 270,000 1,000 220,000
City Treasurer 52,456 34,880 38,731 40,334
City Manager 1,511,105 1,972,732 2,211,893 2,314,004
Total Elected and City Manager's Office 2,099,214 2,895,660 2,859,122 3,208,808 Percentage above is for Fiscal Year 2027-28
City Clerk
20%
General Election
7%
City Treasurer
1%
Executive Offices
72%
51 The Administrative Services Department includes
Human Resources, Risk Management, Information
Technology, Fiscal Resources, and Treasury Services.

We safeguard the short and long-term financial stability of the community through prudent fiscal policies,
coordinate the recruitment and retention of employees,
and safeguard the city investments and resources. We
are committed to providing excellent service to our
internal departments and our community.

Goal #1: Implement a new Enterprise Resource
Planning (ERP) system for accounting,
procurement, budgeting, payroll, human
resources and capital asset management.

Goal #2: Update policies and procedures to
maintain accountability, compliance, adapt to
changes, and optimize organizational
performance.

Goal #3: Complete union negotiations and
finalize MOUs with all five bargaining groups to
ensure agreements are fiscally responsible,
sustainable and supportive of stable City
operations.

For more information visit
www.cityofgardena.org

ADMINISTRATIVE SERVICES

CITY OF GARDENA
52 TECHNOLOGY RESOURCES

NETWORK INFRASTRUCTURE

DESKTOP COMPUTER SUPPORT

MOBILE DEVICES SUPPORT

TELEPHONE ADMINISTRATION

CABLE TELEVISION

WEBMASTER

GRAPHICS/PUBLICATIONS

ADMINISTRATIVE SERVICES

DIRECTOR

RAY BEEMAN

CITY MANAGER

CLINT OSORIO

RISK MANAGEMENT

CLAIM PROCESSING

PROPERTY DAMAGE PROCESSING

PURCHASE CITYWIDE INSURANCE

FISCAL RESOURCES

PAYROLL & BENEFITS

ACCOUNTS PAYABLE & RECEIVABLE

REVENUE MANAGEMENT/COLLECTIONS

BUDGETING, AUDITING,

GRANT/SPECIAL REVENUE ACCOUNTING

FINANCIAL ANALYSIS & REPORTING

CAPITAL FUNDING/DEBT ADMINISTRATION

PURCHASING

PROCUREMENT

SERVICE CONTRACTS

PO ISSUANCE

INVESTMENTS

INVESTMENT MANAGEMENT

INVESTMENT ANALYSIS

ENSURE SUFFICIENT LIQUIDITY

HUMAN RESOURCES

RECRUITMENT & HIRING

CLASSIFICATION & COMPENSATION

EMPLOYEE/RETIREE BENEFITS

WORKERS COMPENSATION

LABOR RELATIONS

EMPLOYEE SERVICES
53 ADMINISTRATIVE SERVICES
54 ADMINISTRATIVE SERVICES
55 Administrative Services Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
City Treasurer's Services 289,998 499,331 525,361 545,957 Human Resources 556,357 565,255 634,454 647,289
Technology Resources 781,940 738,875 721,734 745,317
Fiscal Resources 1,466,528 1,642,354 1,734,822 1,896,873 Total Administrative Services 3,094,823 3,445,815 3,616,371 3,835,436 Percentage above is for Fiscal Year 2027-28
City Treasurer's Services
14%
Human Resources
17%
Technology Resources
19%
Fiscal Resources
50%
56 Special Revenue Funds
Administrative Services
Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Technology Replacement Fund 622,116 568,238 672,098 672,098 Deferred Maintenance Fund 420,911 2,061,911 3,746,088 - Vehicle Replacement Fund 822,139 670,000 - 625,000 Digital Divide 137,428 3,542,900 3,498,291 - South Coast Air Quality Management
District 22,477 43,500 18,500 18,500 Administrative Services Grants 2,236,562 - 1,650,000 - Total Administrative Services
Special Revenue Funds 4,261,632 6,886,549 9,584,977 1,315,598 Percentage above is for Fiscal Year 2027-28
Technology
Replacement Fund,
51%
Vehicle Replacement
Fund, 48%
South Coast Air
Quality Management
District, 1%
57 The Community Development Department provides a
variety of services. City Planning provides support to
administer plans, programs, design guidelines, and new
legislation. Economic Development is responsible for
the attraction, retention, and expansion of businesses.

Building and Safety reviews construction plans to
ensure they meet state building codes, issue permits,
and provides inspections. Code Enforcement and
Animal Control ensure code compliance and investigate
violations.

Goal #1: Update the City’s Title 18 Zoning Code
by ensuring consistency throughout the Gardena
Municipal Code, and reviewing and updating
allowable uses, development standards, and
other requirements and references.

Goal # 2: Update and improve the City’s building
permit processing and tracking system by
updating and implementing the existing software
modules and providing integration for online
payment processes.

Goal #3: Conduct proactive code enforcement
efforts to ensure consistent adherence to the
Gardena Municipal Code and support a safe,
clean and high-quality community environment.

For more information visit
www.cityofgardena.org

CITY OF GARDENA

COMMUNITY DEVELOPMENT
58 PLANNING AND ZONING

GENERAL PLAN

LAND ZONING/USES

DEVELOPMENT ENTITLEMENTS

PLAN CHECK AND REVIEW

COMMUNITY DEVELOPMENT

DIRECTOR

GREG TSUJIUCHI

CITY MANAGER

CLINT OSORIO

GARDENA ECONOMIC

BUSINESS ADVISORY

COMMISSION (GEBAC)

BUILDING & SAFETY

PLAN CHECKING & APPROVAL

BUILDING PERMITTING &

INSPECTIONS

OCCUPANCY CERTIFICATION

RESIDENTIAL & COMMERCIAL

CONSTRUCTIONS

ANIMAL CONTROL

ANIMALS CARE & CONTROL

PET LICENSING

ANIMAL DISPOSAL

ANIMAL CRUELTY INVESTIGATION

PLANNING &

ENVIRONMENTAL QUALITY

COMMISSION

ECONOMIC DEVELOPMENT

BUSINESS RETENTION & EXPANSION

NEW BUSINESS LICENSING

SPECIAL PERMITTING

COMMUNITY DEVELOPMENT

BLOCK GRANT (CDBG)

PROGRAM ADMINISTRATION

RESIDENTIAL REHABILITATION

PROGRAM

CODE ENFORCEMENT

LAND USE REGULATIONS

CONSTRUCTIONS & BUILDING

STANDARDS

MUNICIPAL CODE ENFORCEMENT
59 COMMUNITY DEVELOPMENT
60 Community Development Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Economic Development 223,586 224,575 266,186 275,118
Code Enforcement 534,092 566,869 608,439 649,033
Animal Control 456,722 394,666 410,889 423,525 Permits and Licenses 698,038 805,356 658,633 693,651
Building Services 1,068,790 1,271,595 1,107,015 1,195,413 Development Services & Planning 359,919 352,054 501,795 519,176 Total Community Development 3,341,147 3,615,115 3,552,957 3,755,916 Percentage above is for Fiscal Year 2027-28
Economic
Development
7%
Code Enforcement
17%
Animal Control
11%
Permits and
Licenses
19%
Building Services
32%
Development
Services & Planning
14%
61 Special Revenue Funds
Community Development
Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Community Development Block Grants 1,592,279 543,994 1,067,050 1,067,050 Gardena Boulevard Revitalization 1,288 231,000 - - Development Impact Fee 12,095 811,000 246,825 - SB 2 Planning Grant 5,594 - - - Local Early Action Planning (LEAP) Grant 89,662 - - - Home ARP - - 1,040,280 - Permanent Local Housing Alloc (PLHA) 373,912 - - - Total Community Development
Special Revenue Funds 2,074,830 1,585,994 2,354,155 1,067,050 Percentage above is for Fiscal Year 2027-28
Community
Development Block
Grants, 100%
62 GTrans is the City of Gardena’s public transit provider, delivering safe, reliable transportation for more than 86 years. It operates 2.5 million annual trips with a fleet of CNG and zero‑emission buses serving Gardena,
Compton, downtown Los Angeles, Hawthorne, Redondo
Beach, El Segundo, and Harbor City. The agency also
runs Bolt, an on‑demand service for the general public
within Gardena and for paratransit riders in Gardena,
Hawthorne, Alondra Park, and Del Aire. Daily service is carried out by skilled bus and on‑demand operators
supported by operations, maintenance, facilities, and
administrative teams.

Goal #1: Identify and implement service
enhancements that will improve reliability and
mobility for GTrans customers and promote
efficiencies within the design and operation of
the service.

Goal # 2: Continue to support employee
development and focus on recruitment and
retention strategies that maintain appropriate
staffing levels. Continue to develop and
implement policies, monitoring tools and design
elements that enhance on-board safety for both
employees and customers.

Goal #3: Design and construct infrastructure to
support sustainability through cost effective
energy generation and charging of zero-emission
battery electric buses and vehicles through
installation of charging stations, solar panels and
battery storage.

For more information visit
www.cityofgardena.org

CITY OF GARDENA
GTRANS
63 TRANSPORTATION

FIXED ROUTE OPERATIONS

ROUTE PLANNING & SCHEDULING

TRAINING
SAFETY
GTRANS

DEPUTY CITY MANAGER &

DIRECTOR

ERNIE CRESPO

CITY MANAGER

CLINT OSORIO

ADMINISTRATION

GENERAL ADMINISTRATION

GRANT ADMINISTRATION

PROCUREMENT

OUTREACH & MARKETING

COMPLIANCE

NETWORK & SYSTEM MANAGEMENT

PAYROLL/HR

BUDGETING/AUDIT/FINANCIAL ANALYSIS

CUSTOMER SERVICE

ON-DEMAND
BOLT

MAINTENANCE/FACILITY

FLEET INSPECTIONS & MAINTENANCE

EQUIPMENT MAINTENANCE

FACILITY MAINTENANCE

STOPS AND ZONES
64 GTRANS
65 GTRANS
66 GTrans Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Facility Maintenance 1,217,868 1,814,579 1,351,647 1,554,238 Administration 8,330,360 7,167,467 7,064,571 7,328,068
On-Demand 637,480 1,201,125 1,067,212 1,119,723
Transportation 15,008,611 14,781,921 17,896,208 18,714,532 Equipment Maintenance 2,927,313 3,506,382 3,844,600 4,105,149 Capital Expenditures - 14,107,359 6,273,947 5,242,765 Expense Charges 2,434,752 2,471,676 2,434,752 2,434,752 Transfers Out 129,541 167,860 199,663 233,114
Total GTrans 30,685,925 45,218,369 40,132,600 40,732,341 Percentage above is for Fiscal Year 2027-28
Facility
Maintenance, 4%
Administration, 18%
On-Demand, 3%
Transportation, 46%
Equipment
Maintenance, 10%
Capital
Expenditures, 13%
Expense Charges,
6%
Transfers Out, 0%
67 Special Revenue Funds
GTrans
Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Measure M Transit 3,413,120 4,162,084 5,272,207 5,364,175 Measure R Transit 3,427,117 4,174,379 5,183,409 5,183,409 Prop 1B Capital 144,036 - - - Prop 1B Security 19,517 - - - Prop A Local Return 1,118,001 1,827,289 1,684,834 1,853,317 Total GTrans
Special Revenue Funds 8,121,791 10,163,752 12,140,450 12,400,901 Percentage above is for Fiscal Year 2027-28
Measure M Transit
43%
Measure R Transit
42%
Prop A Local Return
15%
68 The Gardena Police Department is dedicated to protecting life and property, preserving peace, and maintaining public order through professional, accountable policing. Its mission centers on public safety, community partnership, and ethical service. By combining data‑informed strategies with strong relationships across residents, businesses, schools, and organizations, the department works to prevent crime, solve problems, and enhance quality of life citywide. Guided by integrity, accessibility, and the Law Enforcement Code of Ethics, employees remain committed to trust, transparency, and collaboration.

Goal #1: Revitalize and Strengthen our District
Policing Program Renew and expand our District
Policing model to increase engagement, community
participation, and problem-solving effectiveness.

Focus on strengthening officer ownership of
geographic areas, improving communication with
residents and businesses, and increasing visible
partnership activities.

Goal #2: Expand Technology for Crime Prevention,
Apprehension, and Officer Safety Advance the
Department’s use of modern technology to improve
response, reduce crime, and enhance officer safety.

Key initiatives include implementation and
integration of the Drone First Responder (DFR)
program, expanded use of real-time crime and data
analytics tools, and continued development of video
and performance systems.

Goal #3: Recruit, Develop, and Mentor the Next
Generation of Leaders Prioritize the hiring of high-
quality police officers and professional staff who
reflect the Department’s standards and values.

Invest in mentoring and leadership development for
current personnel to support succession planning,
promotional readiness, and organizational continuity.

Promote a culture where experience is shared, talent
is developed, and future leaders are intentionally
prepared.

For more information visit
www.cityofgardena.org

POLICE DEPARTMENT

CITY OF GARDENA
69 OPERATIONS DIVISION

TRAFFIC BUREAU

DISTRICT POLICING PROGRAM

SPECIAL WEAPONS AND TACTICS (SWAT)

PATROL BUREAU
K9 UNIT

EXPLORER PROGRAM

PEER SUPPORT/WELLNESS

CITY CAMERAS

MOBILE FIELD FORCE

EMERGENCY OPERATIONS CENTER (EOC)

GARDENA COMMUNITY EMERGENCY RESPONSE

TRAINING (CERT)
POLICE

CHIEF OF POLICE

TODD FOX

CITY MANAGER

CLINT OSORIO

SUPPORT SERVICES DIVISION

DETECTIVE BUREAU

SPECIAL TASKS & RESPONSE TEAM

SPECIAL INVESTIGATION UNIT

RECORDS/JAIL/TRAINING/PROPERTY

PROFESSIONAL STANDARDS

ADMINISTRATION

INTERNAL AFFAIRS

TRAINING & EQUIPMENT

FLEET MAINTENANCE

GARDENA MENTAL EVALUATION TEAM (GMET)

GARDENA JUVENILE JUSTICE AND INTERVENTION

PROGRAM (GJJIP)
70 POLICE
71 Police Department Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Juvenile Justice & Intervention Program 44,285 70,000 98,628 101,217 Parking Compliance 158,886 150,100 150,000 150,000
Police Operations 24,895,584 26,218,270 24,024,410 25,641,505 Police Support 11,029,351 11,995,195 11,756,060 12,328,534 Total Police 36,128,107 38,433,565 36,029,098 38,221,256 Percentage above is for Fiscal Year 2027-28
JJIP/Parking
1%
Police Operations
67%
Police Support
32%
72 Special Revenue Funds
Police Department
Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Supplemental Law Enforcement (SLESF) 147,691 251,000 350,000 - Traffic Safety Fund - 75,500 75,500 75,500 OTS DUI Enforcement Awareness
Program 117,187 100,000 100,000 100,000 Police Grants 117,812 - 410,885 418,650 Total Police Department
Special Revenue Funds 382,689 426,500 936,385 594,150 Percentage above is for Fiscal Year 2027-28
Traffic Safety Fund
13%

OTS DUI
Enforcement
Awareness Program
17%
Police Grants
70%
73 The Public Works Department maintains the safety and aesthetics of the City streets, facilities, parks, medians and equipment at the highest standards. The
Department provides continual maintenance and
improvement of the City’s physical infrastructure and
facilities and provides quality engineering services.

Goal #1: 1.Reconstruction of Mas Fukai Park Goal #2: Major Renovations of RBB from Vermont to Crenshaw
Goal #3: Design development of Gardena
Traffic Signal Network Upgrade Project
consisting of Fiber Optic corridor backbon
For more information visit
www.cityofgardena.org

CITY OF GARDENA

PUBLIC WORKS
74 OPERATIONS & MAINTENANCE

STREET MAINTENANCE

STREET SWEEPING

GRAFFITI ABATEMENT

TRAFFIC SIGNS & SIGNALS

STORM DRAIN SYSTEM

TRAFFIC PAINTING/STRIPING

FLEET MAINTENANCE

PARK MAINTENANCE

TREE TRIMMING

MEDIAN MAINTENANCE

ARTESIA LANDSCAPING DISTRICT

FACILITY MAINTENANCE

BUILDING MAINTENANCE

PUBLIC WORKS

ACTING DIRECTOR

KEVIN KWAK

CITY MANAGER

CLINT OSORIO

ADMINISTRATION

MANAGE WASTE HAULER CONTRACT

GRANT MANAGEMENT
PROCESS INVOICES/PO’S

KEEP GARDENA BEAUTIFUL DAY

SHREDDING EVENT

COMPOST EVENT

HOUSEHOLD HAZARDOUS & ELECTRONIC

WASTE EVENT

SEWER SYSTEM
(ENTERPRISE FUND)

SEWER MAINTENANCE

ENGINEERING

CAPITAL IMPROVEMENT PROGRAM (CIP)

PRIVATE DEVELOPMENT & PERMITS

STORMWATER MANAGEMENT

UTILITIES
75 PUBLIC WORKS
76 PUBLIC WORKS
77 Public Works Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Public Works Administration 730,970 799,633 707,960 734,780 Building Maintenance 444,069 717,027 806,925 832,078
Street Maintenance 1,354,186 1,355,522 1,559,665 1,667,620 Traffic Signal and Signs 615,009 580,895 510,852 529,755 Park Maintenance 2,248,848 2,225,590 2,195,080 2,320,559 Equipment Maintenance 542,460 536,967 548,694 563,880
Engineering 961,121 1,044,849 1,238,515 1,328,694
Tree Trimming 231,044 297,182 282,131 293,702
Total Public Works 7,127,708 7,557,665 7,849,822 8,271,068 Percentage above is for Fiscal Year 2027-28
Public Works
Administration
9%
Building
Maintenance
10%
Street Maintenance
20%
Traffic Signal and
Signs
6%
Park Maintenance
28%
Equipment
Maintenance
7%
Engineering
16%
Tree Trimming
4%
78 Special Revenue Funds
Public Works
Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Consolidated Lighting & Artesia
Landscape 926,334 1,196,915 1,173,011 1,001,129
State Gas Tax & SB 1 2,327,291 7,399,844 6,039,552 3,152,952 Sewer Fund (Enterprise) 2,075,323 6,925,056 7,130,993 2,467,992 Prop C Local Return 670,185 3,780,323 5,323,400 1,402,203 Measure M Local 523,025 6,511,490 4,892,140 1,083,806 Public Works Grants 3,753,140 20,688,520 19,500,012 1,810,133 Total Public Works
Special Revenue Funds 10,275,299 46,502,148 44,059,108 10,918,215 Percentage above is for Fiscal Year 2027-28
Consolidated
Lighting & Artesia
Landscape
9%
State Gas Tax & SB 1
29%
Sewer Fund
(Enterprise)
23%
Prop C Local Return
13%
Measure M Local
10%
Public Works Grants
16%
79 The City of Gardena Recreation & Human Services
Department is committed to enhancing the quality of life for our diverse community by providing inclusive, accessible, and high-quality recreation, social, and community services.

Guided by the Recreation & Parks, Senior Citizens, Youth, and Human Services Commissions, the Department delivers programs and services through its Aquatics & Senior Center, Custodial, Human Services, and Recreation Divisions,
fostering community engagement, wellness, and lifelong
enrichment for individuals, families, and organizations.

Goal #1: To actively combat social isolation by
fostering meaningful connections among community
members through a comprehensive range of
activities, social events, and diverse programming.

We strive to create opportunities for engagement,
collaboration, and mutual support and aim to
enhance the overall well-being and sense of
belonging for everyone we serve by encouraging
participation and building strong social networks.

Goal #2: To provide an inclusive and welcoming
environment for all individuals by maintaining
facilities that are consistently safe, clean, and
accessible. Our goal is to uphold the highest
standards of quality and safety to ensure every
visitor feels comfortable, respected, and valued.

Goal #3: To create accessible, engaging, and diverse
recreational programs that empower individuals of all
abilities to participate fully, while promoting physical and mental well-being, fostering independence, and
supporting personal growth in a welcoming and
inclusive environment.

For more information visit
www.cityofgardena.org

RECREATION & HUMAN SERVICES

CITY OF GARDENA
80 HUMAN SERVICES

EMERGENCY/HOMELESS SERVICES

YOUTH & FAMILY SERVICES

RECREATION & HUMAN SERVICES

ACTING DIRECTOR

NIKKI SWEENEY

CITY MANAGER

CLINT OSORIO

RECREATION & LEISURE SERVICES

AFTERSCHOOL & DAY CAMP PROGRAMS

AQUATICS

COMMUNITY EVENTS & ACTIVITIES

PARKS & WILLOWS WETLAND PROGRAMMING

THERAPEUTIC RECREATION PROGRAM

YOUTH & ADULT SPORTS

FACILITY RENTALS

SENIOR SERVICES

ALZHEIMER'S DAY CARE CENTER

SENIOR ACTIVITIES

SENIOR MEALS PROGRAM

SUPPORTIVE SERVICES PROGRAM

FACILITY SERVICES

CUSTODIAL SERVICES

GARDENA YOUTH COMMISSION

HUMAN SERVICES COMMISSION

RECREATION AND PARKS COMMISSION

SENIOR CITIZENS COMMISSION
81 RECREATION & HUMAN SERVICES
82 RECREATION & HUMAN SERVICES
83 Recreation & Human Services Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Custodial Services 1,015,492 1,274,906 1,331,573 1,387,728 H.S. Youth/Family Services 344,922 445,283 414,979 428,919 Senior Program 251,599 200,157 297,899 315,067 Aquatics 46,905 876,574 993,578 1,036,761 Leisure Services 3,784,948 3,943,243 3,953,190 4,139,941 Total Recreation & Human Services 5,443,866 6,740,163 6,991,219 7,308,416 Percentage above is for Fiscal Year 2027-28
Custodial Services
19%
H.S. Youth/Family
Services
6%
Senior Program
4%
Aquatics
14%
Leisure Services
57%
84 Special Revenue Funds
Recreation & Human Services
Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Senior Programs 861,452 868,908 798,957 819,970
Family Child Care 718 - - - Community Development Block Grants 72,469 72,469 - - Measure A Homeless Initiative - 95,294 192,562 200,417 CPF Rosecrans Community Center - 1,000,000 1,000,000 - Recreation Grants 4,056,992 12,957,001 11,598,526 - Total Recreation & Human Services
Special Revenue Funds 4,991,632 14,993,672 13,590,045 1,020,387 Percentage above is for Fiscal Year 2027-28
Senior Programs
80%
Measure A Homeless
Initiative
20%
85 NON-DEPARTMENTAL
86 NON-DEPARTMENTAL

PUBLIC SAFETY

LA COUNTY FIRE DISTRICT CONTRACT
EMERGENCY COMMUNICATIONS (911)

AREA G (EMERGENCY PREPAREDNESS)

CITY MANAGER

CLINT OSORIO

COMMUNITY PROMOTIONS

CITY CELEBRATIONS

NON-DEPARTMENTAL OPERATING
COSTS

DEBT SERVICE

INTEROPERABILITY NETWORK OF THE

SOUTH BAY (INSB)

SOUTH BAY REGIONAL PUBLIC

COMMUNICATIONS AUTHORITY (RCC)

CALIFORNIA CITIES GAMING AUTHORITY
(CCGA)
87 Non-Departmental Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Public Safety / Fire, 911, Area G 13,907,982 15,247,240 14,575,474 15,262,804 City Services 1,189,591 1,289,108 1,400,919 1,597,298
Debt Service 2,692,509 2,653,425 8,677,407 8,675,707 Transfers Out 13,060,549 5,453,982 4,259,689 4,505,869 Post Employment Benefits Fund 3,576,989 4,003,982 - - City OPEB Trust Fund - 550,000 - - Unfunded Accrued Liabilities (UAL) Fund - 600,000 3,300,000 4,200,000 Total Non-Departmental 34,427,619 29,797,737 32,213,489 34,241,678 Percentage above is for Fiscal Year 2027-28
Public Safety / Fire,
911, Area G
51%
City Services
5%
Debt Service
29%
Transfers Out
15%
88 CAPITAL IMPROVEMENT

PROGRAM (CIP),
DEBT SERVICE, and

INTERNAL SERVICE FUNDS
89 CAPITAL IMPROVEMENT

PROGRAM (CIP)

PROPOSED BUDGET
FY 2026/27 & FY 2027/28
90 CAPITAL IMPROVEMENT PROGRAM (CIP)
PARK & FACILITY IMPROVEMENTS $20,841,812 City parks & facilities, playgrounds, facility grounds, and public parkways

STREETS, SEWER & STORMWATER IMPROVEMENTS $37,703,115 Maintain City streets, sanitary sewers, storm drain systems, sidewalks, curbs, crosswalks, traffic signals and signs
Ensure compliance with State & County mandated safety and air/water quality program
FY 2026-2027
CAPITAL IMPROVEMENT PROGRAM BUDGET TOTAL $58,544,927 91 CAPITAL IMPROVEMENT PROGRAM (CIP)
PARK & FACILITY IMPROVEMENTS $ - City parks & facilities, playgrounds, facility grounds, and public parkways

STREETS, SEWER & STORMWATER IMPROVEMENTS $ 4,500,000 Maintain City streets, sanitary sewers, storm drain systems, sidewalks, curbs, crosswalks, traffic signals and signs
Ensure compliance with State & County mandated safety and air/water quality program
FY 2027-2028
CAPITAL IMPROVEMENT PROGRAM BUDGET TOTAL $ 4,500,000 92 Park Land in
Lieu,
$2,617,771 ,
5%
Measure R
Highway,
$2,412,774 ,
4% State
Earmark,
$8,353,022 ,
14%
Prop C,
$4,623,659 ,
8%
Measure A,
$3,126,024 ,
5%
Sewer Fund,
$4,772,570 , 8%SB1,
$4,371,856 ,
8%
Measure M,
$4,810,074 ,
8%
Measure G / Bond
Proceeds,
$752,082 , 1%
Federal
Earmark,
$2,000,000 ,
3%
Measure M
Highway,
$12,240,746 ,
21%
Other,
$8,464,349 ,
15%

CAPITAL REVENUE
… Where the money comes from ...

Streets,
$31,990,545 ,
55%
Parks &
Facilities,
$20,841,812 ,
35%
Sewer,
$4,772,570 ,
7%
Stormwater, $940,000
, 2%

CAPITAL EXPENDITURES
… Where the money goes...

Capital Improvement Program
Proposed Budget Fiscal Year 2026-2027
93 Prop C,
$700,000 ,
16%
SB1,
$1,800,000 ,
40%
Measure M,
$1,000,000 ,
22%
Other,
$1,000,000 ,
22%

CAPITAL REVENUE
… Where the money comes from ...

Streets,
$4,000,000 ,
89%
Stormwater, $500,000
, 2%

CAPITAL EXPENDITURES
… Where the money goes...

Capital Improvement Program
Proposed Budget Fiscal Year 2027-2028
94 95
CAPITAL IMPROVEMENT PROJECTS – STREETS
FISCAL YEAR 2026-2027

JOB NO. PROJECT DESCRIPTION

930 ( c ) Vermont Ave Traffic Signal Improvements - $2,412,774 Improve traffic signals at Vermont Ave. and Rosecrans Ave., and Redondo Beach Blvd.

935 ( c ) Artesia Blvd Singal Improvements - $746,064
Improve traffic signals between Western Ave and Vermont Ave. to address existing and future traffic conditions. The scope and budget amended to include landscape and
pavement improvements.

945 ( c ) Redondo Beach Blvd Street Improvements - $10,413,746 Improve traffic flow along Redondo Beach Blvd. from
Crenshaw Blvd. to Vermont Ave; new medians, improve
signal, signing & striping, rehabilitate concrete and pavements.

988 ( c ) N B Crenshaw Blvd Improvements (129
th to Rosecrans) -
$705,821
Rehabilitate asphalt pavement, striping, and improve
pedestrian safety as needed. The limits consist of County of Los Angeles jurisdiction between Channel Bridge and 135 th
Street.

506 ( c ) Gardena Decorative Street Lighting - $213,944 Convert existing streetlights to SCE approved decorative lights on Gardena Blvd between Vermont and Western and 162
nd
Street from Denker Ave to Western Ave. Additionally, construct string lighting on Gardena Blvd between Vermont and
Budlong.

507 ( c ) Citywide Wayfinding/Entry Sign Program - $63,171 Install new and replace existing Citywide wayfinding signs to help direct drivers on city streets to city facilities such as parks, fire stations, and City Hall.

518 ( c ) County Regional Traffic Signal Synchronization Program (TSSP) on East Rosecrans Ave - $400,000
A multi-jurisdictional project through the County of Los Angeles, the TSSP East Rosecrans Ave corridor project spans from Ocean Gate Ave to Vermont Ave. Gardena’s shared
intersections includes four streets.

526 ( c ) Normandie Ave (Artesia to 177
th), Cassidey St (Normandie
to Vermont) and Vermont Ave (177th to 182nd) Street
Improvements - $1,628,095
Rehabilitate various streets asphalt pavement, striping and pedestrian safety as needed.

( c ) – Continuing project from previous years
( n ) – New project proposed for fiscal year 2026-2027

Overall Impact on Operating Budget

There is no financial impact to the General Fund for these projects.

These improvements in the City will benefit both citizens and visitors in the community. This will provide a safer place, as well as make the City more inviting to people visiting or wanting to move into the community.
96 CAPITAL IMPROVEMENT PROJECTS – STREETS
FISCAL YEAR 2026-2027

JOB NO. PROJECT DESCRIPTION

534 ( c ) County Regional Traffic Signal Synchronization Program (TSSP) on Manhattan Beach Blvd - $55,000
A multi-jurisdictional project through the County of Los Angeles, the TSSP Manhattan Beach Blvd corridor project spans from Manhattan Ave to Van Ness Ave. Gardena’s
shared intersection includes Van Ness Ave.

543 ( c ) County Regional Traffic Signal Synchronization Program (TSSP) on El Segundo Blvd - $50,000
A multi-jurisdictional project through the County of Los Angeles Project TSSP. El Segundo Blvd corridor project from Illinois Street to Budlong Ave. The Gardena’s shared cost is 50% of the Budlong Avenue intersection.

546 ( c ) Annual Sewer Improvements FY 2024/2025 - $2,772,570 Replace or rehab deficient and high maintenance sewer mains that have leaks, root intrusion, and settlement problems.

548 ( c ) 132
nd St (Wilton to Western), 135th St (Western to
Budlong), Marine Ave (Western to Vermont), 145th St
(Gramercy to Western), and 166th St (Western to
Normandie) Improvements - $1,443,701
Rehabilitate various streets asphalt pavement, striping and pedestrian safety as needed.

552 ( c ) County Regional Traffic Signal Synchronization Program (TSSP) on Crenshaw Blvd - $250,000
A multi-jurisdictional project through the County of Los Angeles, the TSSP Crenshaw Blvd corridor project spans from 120th Street to Rosecrans Ave. Gardena’s shared
intersections include El Segundo Blvd, 135
th Street, and
Rosecrans Ave.

553 ( c ) Annual Local Street Improvements FY 2025/2026 - $2,662,951
Rehabilitate various local residential streets asphalt pavement, striping and pedestrian safety as needed.

554 ( c ) Annual Pedestrian Safety Improvements FY 2025/2026 - $1,343,000
Remove and replace damaged curbs, gutters, sidewalks, and access ramps at various locations in maintenance districts four, five and six.

555 ( c ) Annual Sewer Improvements FY 2025/2026 - $2,000,000 Replace or rehab deficient and high maintenance sewer mains that have leaks, root intrusion, and settlement problems at various locations.

556 ( c ) Western Ave Street Improvements (RBB to Rosecrans) - $1,508,500
Rehabilitate asphalt pavement, striping, and improve
pedestrian safety as needed.

( c ) – Continuing project from previous years
( n ) – New project proposed for fiscal year 2026-2027

Overall Impact on Operating Budget

There is no financial impact to the General Fund for these projects.

97 CAPITAL IMPROVEMENT PROJECTS – STREETS
FISCAL YEAR 2026-2027

JOB NO. PROJECT DESCRIPTION

557 ( c ) 157th St (Van Ness to Gramercy), 162nd St (Gramercy to Western), and 164th St (Normandie to New Hampshire)
Street Improvements - $900,000
Rehabilitate asphalt pavement, striping, and improve
pedestrian safety as needed.

565 ( c ) Gardena Traffic Signal Network Upgrade - $1,827,000 Improve the flow of traffic within the City by upgrading the existing legacy Traffic Signal System (TSS). The new Advance Traffic Controller (ATC) based TSS will be safer, smarter, more efficient, and more reliable. A key component of this upgrade involves replacing the current communication lines with a fiber optic network.

568 ( c ) Mas Fukai Park & Peary Middle School Recycled Water - $100,000
Expand the use of recycled water to irrigate green spaces through a collaborative effort led by the West Basin Municipal Water District, with the City’s participation.

996 ( n ) Vermont Ave Street Improvements (Rosecrans to 135 th) -
$800,000
Rehabilitate asphalt pavement, striping, and improve
pedestrian safety as needed.

571 ( n ) Annual Local Street Improvements FY 2026/2027 - $1,708,905
Rehabilitate various local residential streets asphalt pavement, striping and pedestrian safety as needed.

572 ( n ) El Segundo Blvd Eastbound Street Improvements (Western to Vermont) - $1,250,000
Rehabilitate asphalt pavement, striping, and improve
pedestrian safety as needed.

573 ( n ) Vermont Ave and Gardena Blvd Signal Improvements - $100,000
Study phase to improve the traffic signals at the intersection shared with the City of Los Angeles.

574 ( n ) 163
rd Street and New Hampshire Ave Multiway Stop
Control Improvements - $100,000
Improve the 4-way intersection with 163rd Street running in the east-west directions and New Hampshire Ave/alley running off- set in the north-south directions per the warrant analysis report.

575 ( n ) Citywide Pavement Management Program (PMP) Update - $50,000
Citywide triennial pavement evaluation to support
transportation asset management and develop rehabilitation strategies as required by the LA Metro enterprise/restricted funds.

576 ( n ) Various Collector Street Improvements FY 2026-2027 - $1,260,000
Rehabilitate various collector streets asphalt pavement, striping and pedestrian safety as needed.

( c ) – Continuing project from previous years
( n ) – New project proposed for fiscal year 2026-2027

Overall Impact on Operating Budget

There is no financial impact to the General Fund for these projects.

98 CAPITAL IMPROVEMENT PROJECTS – PARKS / FACILITIES
FISCAL YEAR 2026-2027

JOB NO. PROJECT DESCRIPTION

820 ( c ) Mas Fukai Park Rehabilitation - $9,583,795
Reconstruction of community center, restroom facilities and enhance the overall park to maximize its use, improve energy efficiency while reducing maintenance costs, and provide a variety of additional features that can accommodate the needs of residents of all ages in an all-inclusive park.

978 ( c ) Gardena Community Aquatic and Senior Center - $552,082
Reconstruction of pool and facility building to accommodate a new 25-yard (8) lane pool, diving bay, fitness pool with ADA ramp, new bleachers & shade structures, exercise equipment and a 12,000 square foot building that will house locker rooms for the pool as well as senior activities.

505 ( c ) Rosecrans Community Center - $1,000,000
Initiate a feasibility study and stakeholder survey to guide development of the new community center.

520 ( c ) Rowley Park Gymnasium HVAC Upgrade – $466,208 Replace three (3) existing Carrier/BDP gas electric package units.

528 ( c ) Nakaoka Community Center Electrical System and Civic Center Outdoor Lighting Upgrades - $246,825
Comprehensive electrical upgrade of the building’s power distribution system to accommodate increased electrical loads, future expansions, and a standby generator.

Improvements will also include enhanced Civic Center lawn and parking lot lighting to improve security and support public events, along with any incidental upgrades required to comply with state building codes.

535 ( c ) Multi-Park Improvements - $200,000
Renovate/repair and upgrade the existing park facilities and amenities.

541 ( c ) Gardena City Hall Electrical System Upgrade - $998,078 Comprehensive electrical upgrade of the building’s power distribution system to accommodate increased electrical loads, future expansions, the addition of electric vehicle (EV) charging stations, and a standby generator, along with any incidental upgrades required to comply with state building codes.

560 ( c ) Fiber Infrastructure Upgrade - $3,498,291
Design and deploy a fiber corridor to connect Gardena
residents, small business, schools, community facilities, and other broadband capabilities at city’s facilities.

( c ) – Continuing project from previous years,
( n ) – New project proposed for fiscal year 2026-2027

Overall Impact on Operating Budget

There is no financial impact to the General Fund for these projects.

99 CAPITAL IMPROVEMENT PROJECTS – PARKS / FACILITIES
FISCAL YEAR 2026-2027

JOB NO. PROJECT DESCRIPTION

561 ( c ) Rowley Park Gymnasium Renovation - $2,388,523 Revamp the current gymnasium facility and upgrade the
overall amenities to meet current standards and needs.

566 ( c ) Gardena Juvenile Justice Intervention Program (GJIP) Offices - $259,177
Remodel and conversion of an existing dental clinic building to accommodate the Police Department’s Juvenile Justice and Intervention Program (GJJIP).

578 ( n ) City Hall Office Remodel - $500,000
Remodel to transform the existing, outdated interior spaces into a modern, highly functional, and welcoming environment tailored for both city employees and the general public. The scope includes new flooring, facility-wide energy-efficient lighting, reconfiguration to an open-office layout, interior painting, public lobby enhancements, and facility security improvements.

579 ( n ) Rush Gym & Human Services Building Roof
Rehabilitation - $666,600
Rehabilitation of the existing roof, including lead and asbestos abatement, drainage improvements, installation of new flashings, and sealing of roof edges and transitions.

580 ( n ) Public Works Maintenance Office Building Rehabilitation and Remodel (Design Phase) - $110,233
Conceptual and design phase of the aging maintenance
office facility, including site evaluation, building
improvements, code compliance upgrades, and preparation of preliminary cost estimates.

581 ( n ) Public Works Yard Mechanic Shop Reconstruction - $550,000
Demolition and reconstruction of the existing maintenance mechanic shop facility, including associated building, site, and utility improvements, to provide a code-compliant and functional facility.

585 ( n ) Public Works Administration/Engineering and Police Department Facilities Roof Rehabilitation - $462,000
Lead and asbestos abatement, repair of existing and
additional drainage systems, and new curb openings;
installation of all new flashings and skirts; and repair and seal of all edges, joints, transitions, etc. as necessary.

586 ( n ) Dog Park - $200,000
Expand the existing Thornburg Park site to include a
dedicated dog park area and other incidental improvements.

( c ) – Continuing project from previous years,
( n ) – New project proposed for fiscal year 2026-2027

Overall Impact on Operating Budget

There is no financial impact to the General Fund for these projects.

100
CAPITAL IMPROVEMENT PROJECTS – STREETS
FISCAL YEAR 2027-2028

JOB NO. PROJECT DESCRIPTION

582 ( n ) Vermont Ave Street Improvements (El Segundo to 135th and Artesia to County Channel) - $700,000
Rehabilitate asphalt pavement, striping, and improve
pedestrian safety as needed.

583 ( n ) Annual Local Street Improvements FY 2027/2028 - $1,800,000
Rehabilitate various local residential streets asphalt pavement, striping and pedestrian safety as needed.

584 ( n ) Annual Various Collector Street Improvements FY 2027/2028 - $1,500,000
Rehabilitate various collector streets asphalt pavement, striping and pedestrian safety as needed.

( c ) – Continuing project from previous years
( n ) – New project proposed for fiscal year 2027-2028

Overall Impact on Operating Budget

There is no financial impact to the General Fund for these projects.

These improvements in the City will benefit both citizens and visitors in the community. This will provide a safer place, as well as make the City more inviting to people visiting or wanting to move into the community.
101
CAPITAL IMPROVEMENT PROJECTS – PARKS / FACILITIES
FISCAL YEAR 2027-2028

JOB NO. PROJECT DESCRIPTION

558 ( n ) Gardena Willows Wetland Stormwater Enhancement (Construction Document Phase) - $500,000
Advance the completed feasibility study into construction- ready plans and specifications to implement nature-based stormwater improvements at Gardena Willows Wetland. The project is currently in the feasibility phase, funded and programmed by the County Safe Clean Water Program
under the South Santa Monica Bay Watershed Area.

( c ) – Continuing project from previous years,
( n ) – New project proposed for fiscal year 2027-2028

Overall Impact on Operating Budget

There is no financial impact to the General Fund for these projects.

FUNDING SOURCE STREETS, SEWER & STORMWATER IMPROVEMENTS PROJECT COST Measure R Highway #930 (c) Vermont Ave Traffic Signal Improvement 2,412,774 $2,412,774 Measure M Highway #945 (c) RBB Street Improvements (Crenshaw to Vermont) 10,413,746 #565 (c) Gardena Traffic Signal Network Upgrade 1,827,000 Measure M Highway 12,240,746 $12,240,746
SB 821 (TDA) #554 (c) Pedestrian Safety Improvements FY 2025-2026 143,000 $143,000 Prop C #935 (c) Artesia Blvd. Street Improvements (Western to Vermont) 746,064 #996 (n) Vermont Ave Street Improvements (Rosecrans to 135th) 800,000 #526 (c) Normandie (Artesia to 177th), Cassidey (Normandie to Vermont) and Vermont (177th to 182nd) Street Improvements 1,527,595
#543 (c) County Regional TSSP on El Segundo Blvd TSSP (At Budlong) 50,000 #556 (c) Western Ave Street Improvement 900,000
#576 (n) Various Collecor Street Improvements FY 2026-2027 600,000 Prop C - Total 4,623,659 $4,623,659
Gas Tax #507 (c) Citywide Wayfinding Program 63,171
#534 (c) County Regional TSSP on Manhattan Beach Blvd 55,000 Gas Tax - Total 118,171 $118,171
Measure M Local #518 (c) County Regional TSSP on Rosecrans 400,000 #545 (c) Annual Pedestrian Safety Improvements FY 2024-2025 97,873 #548 (c)
132nd St (Wilton to Western), 135th St (Western to Budlong), Marine Ave (Western to Vermont), 145th St (Gramercy to Western), and 166th St (Western to Normandie) Improvements 1,443,701
#554 (c) Pedestrian Safety Improvements FY 2025-2026 1,200,000 #556 (c) Western Ave Street Improvement 608,500
#557 (c) 157th, 162nd & 164th Street Improvements 650,000 #574 (n) 163rd Street & New Hampshire Ave Multiway Stop Control Improvements 70,000 #576 (n) Various Collecor Street Improvements FY 2026-2027 340,000 Measure M Local - Total 4,810,074 $4,810,074 SB 1 #553 (c) Local Street Improvements 2025-2026 2,662,951 #571 (n) Annual Local Street Improvements FY 2026-2027 1,708,905 SB1 - Total 4,371,856 $4,371,856
CAPITAL IMPROVEMENT PROGRAM FISCAL YEAR 2026-2027 FUNDING SUMMARY 103
CAPITAL IMPROVEMENT PROGRAM FISCAL YEAR 2026-2027 FUNDING SUMMARY

FUNDING SOURCE STREETS, SEWER & STORMWATER IMPROVEMENTS PROJECT COST Measure R Local #988 (c) Crenshaw Blvd St. Improvements - Rosecrans to El Segundo 705,821 #552 (c) County Regional TSSP on Crenshaw Blvd 250,000
#557 (c) 157th, 162nd & 164th Street Improvements 250,000 #572 (n) El Segundo Blvd Eastbound Street Improvements (Western to Vermont) 1,250,000 #573 (n) Vermont Ave & Gardena Blvd Signal Improvements 100,000 #574 (n) 163rd Street & New Hampshire Ave Multiway Stop Control Improvements 30,000 #575 (n) Citywide Pavement Management Program (PMP) Update 50,000 #576 (n) Various Collecor Street Improvements FY 2026-2027 320,000 Measure R Local - Total 2,955,821 $2,955,821 Sewer Fund #546 (c) Annual Sewer Improvements FY 2024-2025 2,772,570 #555 (c) Sewer Improvements FY2025-26 2,000,000
Sewer Fund - Total 4,772,570 $4,772,570
Measure W #820 (c) Mas Fukai Park Improvements 840,000
#568 (n) Mas Fukai Park & Peary Middle School Recycled Water Project 100,000 Measure W - Total 940,000 $940,000
Lighting District #506 (c) Gardena Decorative Street Lighting 213,944 $213,944 Other #526 (c)
( ), y ( ) (
182nd) Street Improvements 100,500 $100,500 STREETS, SEWER & STORMWATER IMPROVEMENTS SUBTOTAL $37,703,115 104
CAPITAL IMPROVEMENT PROGRAM FISCAL YEAR 2026-2027 FUNDING SUMMARY

FUNDING SOURCE PARK/FACILITY IMPROVEMENTS PROJECT COST
Park Land in Lieu #820 (c) Mas Fukai Park Improvements 2,617,771 $2,617,771 Measure A #820 (c) Mas Fukai Park Improvements 3,126,024 $3,126,024 Bond Proceeds / Measure G #978 (c) Gardena Community Aquatic & Senior Center 552,082 #586 (n) Dog Park Project 200,000
Measure G - Total 752,082 $752,082
Federal Earmarks #820 (c) Mas Fukai Park Improvements 1,000,000 #505 (c) Rosecrans Community Center 1,000,000
Federal Earmarks - Total 2,000,000 $2,000,000 State Earmarks #820 (c) Mas Fukai Park Improvements 2,000,000 #520 (c) Rowley Park Gymnasium HVAC Upgrade 466,208
#560 (c) Fiber Infrastructure Upgrade 3,498,291
#561 (c) Rowley Park Gymnasium Renovation 2,388,523
State Earmarks - Total 8,353,022 $8,353,022
Development Impact Fee #528 (c) Civic Center Lighting Improvements 246,825 $246,825 Deferred Maintenance Fund #535 (c) Multi-Park Improvements 200,000 #541 (c) City Hall & PD Electrical Distribution System Upgrade 998,078 $566(c) Police Department GJIP Office Remodel 259,177
#578 (n) City Hall Office Remodel 500,000
#579 (n) Rush Gymnasium & Human Services Building Roof Rehabilitation 666,600 #580 (n) Public Works Maintenance Office Building Rehabilitation (Design Phase) 110,233 #581 (n) Public Works Yard Mechanic Shop Reconstruction 550,000 #585 (n) Public Works Administration/Engineering & Police Department Facilities Roof 462,000 Deferred Maintenance Fund - Total 3,746,088 $3,746,088 PARK/FACILITY IMPROVEMENTS SUBTOTAL $20,841,812
PROPOSED FISCAL YEAR 2026-2027 CIP BUDGET TOTAL $58,544,927 105

FUNDING SOURCE STREETS, SEWER & STORMWATER IMPROVEMENTS PROJECT COST Prop C #582 (n) Vermont Ave Street Improvement (El Segundo to 135th and Artesia to County Channel) 700,000 $700,000 SB1 #583 (n) Annual Local Street Improvements FY 2027-2028 1,800,000 $1,800,000 Measure R Local #584 (n) Annual Various Collector Street Improvements FY 2027-2028 500,000 $500,000 Measure M Local #584 (n) Annual Various Collector Street Improvements FY 2027-2028 1,000,000 $1,000,000 Measure W #558 (n) Gardena Willows Wetland Stormwater Enhancement 500,000 $500,000 STREETS, SEWER & STORMWATER IMPROVEMENTS SUBTOTAL $4,500,000 PROPOSED FISCAL YEAR 2027-2028 CIP BUDGET TOTAL $4,500,000 CAPITAL IMPROVEMENT PROGRAM FISCAL YEAR 2027-2028 FUNDING SUMMARY 106
CAPITAL IMPROVEMENT PROJECT (CIP) STREET REHABILITATION TEN (10) YEAR PLAN - FISCAL YEARS ENDING 2026-2036 Prop C SB 821 Gas Tax SB1
Other
Grants Sewer Measure W Lighting Dist.
1,913$ R
996$
10,414 $ R
63$
214$
400$ L
55$
50$
250$ L
506$ L
2,773$
2,000$
1,528$ 101$
1,444$ L
2,663$
143$ 1,200$ L
900$ 609$ L
250$ L 650$ L
Annual Sewer Improvements FY 25/26
Annual Local St Improvements FY 25/26
Annual Ped Safety Improvements FY
FISCAL YEAR 2026-2027
Citywide Wayfinding/Entry Sign Program
Vermont Traffic Signal Improvement at
RBB & Rosecrans
Artesia Blvd. Street Improvements
(Western to Vermont)
RBB Street Improvements (Crenshaw to
Vermont)
Measure R* Measure M*
Gardena Decorative Street & String
Lighting
County Regional TSSP on Crenshaw Blvd
Normandie (Artesia to 177th), Cassidey
(Normandie to Vermont) and Vermont
(177th to 182nd) Street Improvements
NB Crenshaw Blvd Improvements (129th
to Rosecrans), Design Phase
County Regional TSSP on El Segundo Blvd
County Regional TSSP on Rosecrans
County Regional TSSP on MBB
Western Ave St Improvements (RBB to
Rosecrans)
157th St (Van Ness to Gramercy), 162nd
(Gramercy to Western), and 164th St
(Normandie to New Hampshire) Street
Improvements
132nd St (Wilton to Western), 135th St
(Western to Budlong), Marine Ave
(Western to Vermont), 145th St
Annual Sewer Improvements FY 24/25
* L - Local Share R - Regional/Highway funds
107
CAPITAL IMPROVEMENT PROJECT (CIP) STREET REHABILITATION TEN (10) YEAR PLAN - FISCAL YEARS ENDING 2026-2036 Prop C SB 821 Gas Tax SB1
Other
Grants Sewer Measure W Lighting Dist.Measure R* Measure M* 1,827$ R
100$
1,709$
100$ L
30$ L 70$ L
50$ L
800$
600$ 320$ L 340$ L
185$
1,750$ L
4,874$ 143$ 6,996$ 15,127 $ 303$ 4,372$ 101$ 4, 773$ 100$ 214$ 700$
1,800$
500$ L 1,000$ L
700$ -$ 500$ 1,000$ -$ 1,800$ -$ -$ -$ -$ Gardena Traffic Signal Network Upgrade
Annual Local Street Improvements FY
27/28 at various locations
Public Works Equipment Purchase
Mas Fukai Park & Peary Middle School
Recycled Water Project (West Basin)
Annual Local St Improvements FY 26/27
Vermont Ave & Gardena Blvd Signal
Intersection Improvement (Study Phase)
163rd Street & New Hampshire Ave
Multiway Stop Control Improvements
Triannual Citywide PMP Update
El Segundo Blvd EB St Improvements
(Western to Vermont)
Vermont AveSt Improvements (135th to
Rosecrans)
Various Collector St Improvements FY
26/27
Annual Collector Street Improvements FY
27/28 at various locations
TOTAL Fiscal Year 2027 - 2028
TOTAL Fiscal Year 2026 - 2027
FISCAL YEAR 2027-2028
Vermont Ave St Improvments (El Segundo
to 135th and Artesia to Channel)
* L - Local Share R - Regional/Highway funds
108
CAPITAL IMPROVEMENT PROJECT (CIP) STREET REHABILITATION TEN (10) YEAR PLAN - FISCAL YEARS ENDING 2026-2036 Prop C SB 821 Gas Tax SB1
Other
Grants Sewer Measure W Lighting Dist.Measure R* Measure M* 1,200$
1,800$
500 L 1,000$ L
60$ 400$ L
1,000$
500$
1,200$ 60$ 500$ 1,400$ 1,800$ -$ -$ 1, 500$ -$ -$ 1,200$
1,800$
60$ 400$ L
500 L 1,000$ L
1,000$
50$ L
1,200$ 60$ 500$ 1,450$ 1,800$ -$ -$ 1, 000$ -$ -$ Annual Collector Street Improvements FY
29/30
TOTAL Fiscal Year 2029 - 2030
Annual Collector Street Improvements FY
28/29
Annual Sewer Improvements FY 29/30 at
various locations
Artreial Street Improvements
Annual Storm Drain Improvements FY
28/29 at various locations
Annual Local Street Improvements FY
28/29 at Various Locations
TOTAL Fiscal Year 2028 - 2029
Annaul Ped Safety Improvements FY
28/29 at Various Locations
Annual Sewer Improvements FY 28/29 at
various locations
FISCAL YEAR 2028 - 2029
Artreial Street Improvements
Annual Local Street Improvements FY
29/30 at Various Locations
Annaul Ped Safety Improvements FY
29/30 at Various Locations
Triannual Citywide PMP Update
FISCAL YEAR 2029 - 2030
* L - Local Share R - Regional/Highway funds
109
CAPITAL IMPROVEMENT PROJECT (CIP) STREET REHABILITATION TEN (10) YEAR PLAN - FISCAL YEARS ENDING 2026-2036 Prop C SB 821 Gas Tax SB1
Other
Grants Sewer Measure W Lighting Dist.Measure R* Measure M* 1,200$
1,800$
60$ 400$ L
500 L 1,000$ L
1,000$
500$
1,200$ 60$ 500$ 1,400$ 1,800$ -$ -$ 1, 500$ -$ -$ 1,200$
1,800$
60$ 400$ L
500 L 1,000$ L
1,000$
1,200$ 60$ 500$ 1,400$ 1,800$ -$ -$ 1, 000$ -$ -$ Annual Sewer Improvements FY 30/31 at
various locations
Annual Storm Drain Improvements FY
30/31 at various locations
Artreial Street Improvements
Annual Local Street Improvements FY
30/31 at Various Locations
Annaul Ped Safety Improvements FY
30/31 at Various Locations
Annual Local Street Improvements FY
31/32 at Various Locations
FISCAL YEAR 2030 - 2031
Annual Collector Street Improvements FY
30/31
TOTAL Fiscal Year 2031 - 2032
Annual Sewer Improvements FY 31/32 at
various locations
TOTAL Fiscal Year 2030 - 2031
Annual Collector Street Improvements FY
31/32
Artreial Street Improvements
Annaul Ped Safety Improvements FY
31/32 at Various Locations
FISCAL YEAR 2031-2032
* L - Local Share R - Regional/Highway funds
110
CAPITAL IMPROVEMENT PROJECT (CIP) STREET REHABILITATION TEN (10) YEAR PLAN - FISCAL YEARS ENDING 2026-2036 Prop C SB 821 Gas Tax SB1
Other
Grants Sewer Measure W Lighting Dist.Measure R* Measure M* 1,200$
1,800$
60$ 400$ L
500 L 1,000$ L
1,000$
500$
50$ L
1,200$ 60$ 500$ 1,450$ 1,800$ -$ -$ 1, 500$ -$ -$ 1,200$
1,800$
60$ 400$ L
500 L 1,000$ L
1,000$
1,200$ 60$ 500$ 1,400$ 1,800$ -$ -$ 1, 000$ -$ -$ Artreial Street Improvements
Annual Sewer Improvements FY 33/34 at
various locations
Triannual Citywide PMP Update
Annaul Ped Safety Improvements FY
32/33 at Various Locations
Annual Collector Street Improvements FY
32/33Annual Local Street Improvements FY
33/34 at Various Locations
Annual Collector Street Improvements FY
33/34
TOTAL Fiscal Year 2033 - 2034
Annaul Ped Safety Improvements FY
33/34 at Various Locations
FISCAL YEAR 2033 - 2034
TOTAL Fiscal Year 2032 - 2033
FISCAL YEAR 2032 - 2033
Artreial Street Improvements
Annual Sewer Improvements FY 32/33 at
various locations
Annual Storm Drain Improvements FY
32/33 at various locations
Annual Local Street Improvements FY
32/33 at Various Locations
* L - Local Share R - Regional/Highway funds
111
CAPITAL IMPROVEMENT PROJECT (CIP) STREET REHABILITATION TEN (10) YEAR PLAN - FISCAL YEARS ENDING 2026-2036 Prop C SB 821 Gas Tax SB1
Other
Grants Sewer Measure W Lighting Dist.Measure R* Measure M* 1,200$
1,800$
60$ 400$ L
500 L 1,000$ L
1,000$
500$
1,200$ 60$ 500$ 1,400$ 1,800$ -$ -$ 1, 500$ -$ -$ 1,200$
1,800$
60$ 400$ L
500 L 1,000$ L
1,000$
500$
50$ L
1,200$ 60$ 500$ 1,450$ 1,800$ -$ -$ 1, 500$ -$ -$ Artreial Street Improvements
Annual Local Street Improvements FY
35/36 at Various Locations
Annual Collector Street Improvements FY
34/35
FISCAL YEAR 2035 - 2036
Annual Sewer Improvements FY 34/35 at
various locations
Annual Storm Drain Improvements FY
34/35 at various locations
TOTAL Fiscal Year 2035 - 2036
Artreial Street Improvements
Annaul Ped Safety Improvements FY
34/35 at Various Locations
TOTAL Fiscal Year 2034 - 2035
Annual Local Street Improvements FY
34/35 at Various Locations
FISCAL YEAR 2034 - 2035
Triannual Citywide PMP Update
Annual Storm Drain Improvements FY
3/36 at various locations
Annual Sewer Improvements FY 35/36 at
various locations
Annual Collector Street Improvements FY
35/36
Annaul Ped Safety Improvements FY
35/36 at Various Locations
* L - Local Share R - Regional/Highway funds
112

DEBT SERVICE

PROPOSED BUDGET
FY 2026/27 & FY 2027/28
113
Series PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL Certificates of Participation (COPs):
2006 A¹ 21,010,000 27,690,971 48,700,971 3,820,000 509,124 4,329,124 800,000 218,196 1,018,196 3,020,000 290,928 3,310,928 2007 A 2,800,000 1,929,165 4,729,165 805,000 127,132 932,132 145,000 41,075 186,075 660,000 86,057 746,057 Lease Revenue Bonds:
2014¹ 9,110,000 8,035,249 17,145,249 8,535,000 2,984,270 11,519,270 75,000 426,148 501,148 8,460,000 2,558,122 11,018,122 2021 13,155,000 5,319,216 18,474,216 10,975,000 3,133,000 14,108,000 540,000 402,750 942,750 10,435,000 2,730,250 13,165,250 Taxable Pension Obligation Bonds:
2020³ 101,490,000 36,502,806 137,992,806 80,534,999 21,076,059 101,611,058 5,175,000 2,641,416 7,816,416 75,359,999 18,434,643 93,794,642 $154,065,000 $79,477,407 $233,542,407 $104,669,999 $27,829,585 $132,499,584 $6,735,000 $3,729,585 $10,464,585 $97,934,999 $24,100,000 $122,034,999 Professional services and Admin. Fees: 14,500$
TOTAL: $10,479,085
REVENUE SOURCES:

Transfer-in from General Fund 8,677,404$
Transfer-in from GTrans Fund 1,640,667$
Transfer-in from Sewer Fund 76,601$
Transfe
r-in from Grant Funds 84,413$
10,479,085$
¹ In Fiscal Year 2014/2015, 2006 Series B was refunded by the 2014 Taxable Lease Revenue Refunding Bonds. ² Of the original principal issued, $79,193,585 was allocated to governmenal activities (General) and $22,296,415 was allocated to business-type activities (Enterprise).

CITY OF GARDENA
FISCAL YEAR 2026-2027

DEBT SERVICE REQUIREMENTS
ORIGINAL ISSUE BEGINNING BALANCE July 1, 2026 RETIRED FY 2026-27 ENDING BALANCE June 30, 2027 114
Series PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST TOTAL Certificates of Participation (COPs):
2006 A¹ 21,010,000 27,690,971 48,700,971 3,020,000 290,928 3,310,928 850,000 165,561 1,015,561 2,170,000 125,367 2,295,367 2007 A 2,800,000 1,929,165 4,729,165 660,000 86,057 746,057 155,000 33,825 188,825 505,000 52,232 557,232 Lease Revenue Bonds:
2014¹ 9,110,000 8,035,249 17,145,249 8,460,000 2,558,122 11,018,122 80,000 422,586 502,586 8,380,000 2,135,536 10,515,536 2021 13,155,000 5,319,216 18,474,216 10,435,000 2,730,250 13,165,250 565,000 375,750 940,750 9,870,000 2,354,500 12,224,500 Taxable Pension Obligation Bonds:
2020³ 101,490,000 36,502,806 137,992,806 75,359,999 18,434,643 93,794,642 5,295,000 2,518,976 7,813,976 70,064,999 15,915,667 85,980,666 $154,065,000 $79,477,407 $233,542,407 $97,934,999 $24,100,000 $122,034,999 $6,945,000 $3,516,698 $10,461,698 $90,989,999 $20,583,302 $111,573,301 Professional services and Admin. Fees: 15,000$
TOTAL: 10,476,698$
REVENUE SOURCES:

Transfer-in from General Fund 8,675,704$
Transf
er-in from GTrans Fund 1,640,155$
Transfer-in from Sewer Fund 76,577$
Transfer-in from Grant Funds 84,262$
10,476,698$
¹ In Fiscal Year 2014/2015, 2006 Series B was refunded by the 2014 Taxable Lease Revenue Refunding Bonds. ² Of the original principal issued, $79,193,585 was allocated to governmenal activities (General) and $22,296,415 was allocated to business-type activities (Enterprise).

ENDING BALANCE June 30, 2028ORIGINAL ISSUE BEGINNING BALANCE July 1, 2027 RETIRED FY 2027-28

CITY OF GARDENA
FISCAL YEAR 2027-2028

DEBT SERVICE REQUIREMENTS
115
BOND ISSUES: CITY OF GARDENA
Refunding Certificates of Participation
DATE OF ISSUES: June 7, 2006
AMOUNT OF ISSUE: $21,010,000.00
AMOUNT OUTSTANDING: $3,820,000.00 *
(June 30, 2026)
DESCRIPTION: The 2006 Refunding Certificates of Participation Series AB&C are issued to (1) refinance certain financial obligations of the City in connection with a Memorandum of Understanding with certain financial institutions, (2) prepay and defease certain outstanding 1994 Refunding Certificates of Participation, (3) fund a reserve fund and (4) pay certain costs of issuance.

The total $21,010,000 includes $12,495,000 aggregate principal amount of Certificates of Participation (2006 Refinancing Project, Series A), and $8,515,000 aggregate principal amount of Certificates of Participation Series B (the 2006C Certificates.) *Note-In Fiscal Year 2014-2015 the 2006 Certificate of Participation, Series B, was refunded by the 2014 Taxable Lease Revenue Refunding Bonds, Series 2014. The econmic gain on the current refunding was $1,637,398 and the savings in debt service payments was $2,360,051.

The bond interest rates vary from 3.625% to 4.500%.

PAYMENT DATES: January 1 and July 1
PAYMENT AGENT: US Bank
FY 2025-26 FY 2026-27 FY 2027-28

REVENUE SOURCES
Transfer-in from General Fund 1,020,391 1,021,096 1,018,561 TOTAL: 1,020,391$ 1,021,096$ 1,018,561$

EXPENDITURES
Interest Expense 267,641 218,196 165,561 Principal payment 750,000 800,000 850,000 Administration and trustee fees 2,750 2,900 3,000 TOTAL: 1,020,391$ 1,021,096$ 1,018,561$

DEBT SERVICE REQUIREMENTS

DEBT SERVICE REQUIREMENTS
2006 REFUNDING CERTIFICATES OF PARTICIPATION SERIES A
(Issued in 2006)
116
BOND ISSUES: CITY OF GARDENA
South Bay Communication Center
DATE OF ISSUES: January 24, 2007
AMOUNT OF ISSUE: $2,800,000.00
AMOUNT OUTSTANDING: $805,000.00
(June 30, 2026)
DESCRIPTION: The 2007 A Refunding Revenue Bonds are issued pursuant to Indenture of Trust, dated as of February 1, 2007 by and between the South Bay Regional Public Communications Authority (SBRPCA), and the Bank of New York Trust Company, N.A. as trustee. The bonds are issued to refund SBRPCA Revenue Bonds 2001Series A (City of Gardena Project) in an amount of $2,800,000, to fund the Reserve Account, and to pay certain costs of issuance.

PAYMENT DATES: January 1 and July 1
PAYMENT AGENT: Bank of New York Trust Company
FY 2025-26 FY 2026-27 FY 2027-28

REVENUE SOURCES
Transfer-in from General Fund 185,575 188,975 191,825 TOTAL: 185,575$ 188,975$ 191,825$

EXPENDITURES
Interest Expense 47,825 41,075 33,825 Principal payment 135,000 145,000 155,000 Trustee admin. services 2,750 2,900 3,000 TOTAL: 185,575$ 188,975$ 191,825$

DEBT SERVICE REQUIREMENTS

DEBT SERVICE REQUIREMENTS
2007 REVENUE BONDS SERIES A
(Issued in 2007)
117
BOND ISSUES: CITY OF GARDENA
Taxable Lease Revenue Refunding Bonds
DATE OF ISSUES: May 1, 2015
AMOUNT OF ISSUE: $9,110,000.00
AMOUNT OUTSTANDING: $8,535,000.00
(June 30, 2026)
DESCRIPTION: The 2014 Taxable Lease Revenue Refunding Bonds, were issued to (1) refund the 2006B Certificates, (2) fund capitalized interest for a portion of the Bonds through May 1, 2017, and (3) pay a portion of the costs of issuance.

The bond interest rates vary from 3.950% to 5.000%.

PAYMENT DATES: May 1 and November 1
PAYMENT AGENT: US Bank
FY 2024-26 FY 2026-27 FY 2027-28

REVENUE SOURCES
Transfer-in from General Fund 507,459 504,048 505,586 TOTAL: 507,459$ 504,048$ 505,586$

EXPENDITURES
Interest Expense 429,709 426,148 422,586 Principal payment 75,000 75,000 80,000 Administration and trustee fees 2,750 2,900 3,000 TOTAL: 507,459$ 504,048$ 505,586$

DEBT SERVICE REQUIREMENTS
2014 TAXABLE LEASE REVENUE REFUNDING BONDS
(Issued in 2015)

DEBT SERVICE REQUIREMENTS
118
BOND ISSUES: CITY OF GARDENA
Taxable Pension Obligation Bonds
DATE OF ISSUES: November 1, 2020
AMOUNT OF ISSUE: $101,490,000.00 ($79,193,585 General and $22,296,415 Enterprise) AMOUNT OUTSTANDING: $80,535,000.00 ($62,842,400 General and $17,692,600 Enterprise) (June 30, 2026)
DESCRIPTION: The 2020 Taxable Pension Obligation Bonds were issued to (1) finance a portion of the City's unfunded accrued actuarial liability to the California Public Employees' Retirement System (CalPERS) and (2) pay the costs of issuance of the bonds. Of the original principal issued, $79,193,585 was allocated to governmenal activities (General) and $22,296,415 was allocated to business-type activities (Enterprise).

The bond interest rates vary from 1.081% to 3.363%.

PAYMENT DATES: April 1 and October 1
PAYMENT AGENT: US Bank
FY 2025-26 FY 2026-27 FY 2027-28

REVENUE SOURCES
Transfer-in from General Fund 5,961,678 6,014,738 6,012,985 Transfer-in from GTrans Fund 1,641,685 1,640,667 1,640,155 Transfer-in from Sewer Fund 76,649 76,601 76,577 Transfer-in from Grant Funds 144,004 84,410 84,259 TOTAL: 7,824,016$ 7,816,416$ 7,813,976$

EXPENDITURES
Interest Expense 2,746,266 2,641,416 2,518,976 Principal payment 5,075,000 5,175,000 5,295,000 Administration and trustee fees 2,750 2,900 3,000 TOTAL: 7,824,016$ 7,819,316$ 7,816,976$

DEBT SERVICE REQUIREMENTS
2020 TAXABLE PENSION OBLIGATION BONDS
(Issued in 2020)

DEBT SERVICE REQUIREMENTS
119
BOND ISSUES: CITY OF GARDENA
Lease Revenue Bonds
DATE OF ISSUES: September 1, 2021
AMOUNT OF ISSUE: $13,155,000.00
AMOUNT OUTSTANDING: $10,975,000.00
(June 30, 2026)
DESCRIPTION: The 2021 Lease Revenue Bonds were issued to (1) finance a portion of the costs of construction of the new Gardena Community Aquatic & Senior Center, (2) finance the costs of acquiring and renovating an existing building to be converted into a new Community Center, (3) finance various park improvements, and (4) pay the costs of issuance.

The bond interest rates vary from 3.000% to 5.000%.

PAYMENT DATES: May 1 and November 1
PAYMENT AGENT: US Bank
FY 2025-26 FY 2026-27 FY 2027-28

REVENUE SOURCES
Transfer-in from General Fund 941,000 945,650 943,750 TOTAL: 941,000$ 945,650$ 943,750$

EXPENDITURES
Interest Expense 428,250 402,750 375,750 Principal payment 510,000 540,000 565,000 Administration and trustee fees 2,750 2,900 3,000 TOTAL: 941,000$ 945,650$ 943,750$

DEBT SERVICE REQUIREMENTS
2021 LEASE REVENUE BONDS
(Issued in 2021)

DEBT SERVICE REQUIREMENTS
120

INTERNAL SERVICE FUNDS

PROPOSED BUDGET
FY 2026/27 & FY 2027/28
121

INTERNAL SERVICE FUNDS

Internal Service Funds are established to cover the cost of insurance and other ongoing administrative obligations and to separate these funds from the G eneral Fund account . The City is self -insured for general liability, worker’s compensation and employee health benefits coverage. Funds in these accounts are used to pay all self -insured losses and related administrative costs with the balance in each account at the end of the fiscal year accumulated as reserves against future liabilities.

SELF - INSURANCE PROGRAMS

The City retains the services of Third- Party Administrators (TPA) to handle claims for general liability, worker’s
compensation and health care claims. Current services are provided by:

General Liability Claims – Carl Warren & Co.

Workers Compensation Claims – LWP Claims Solutions
Health Benefits Plan – Pinnacle Claims Management
• General Liability
The General Liability Fund provides for the City's general liability, self-insurance program, and other insurance needs in order to reduce cost and provide better control; to provide for the administration and legal service necessary for the operation of this program; to provide insurance protection against catastrophic loss or losses and to provide payment of liability insurance purchased in excess of the City’s self- insurance limits.

Charges to departments are established by the Director of Administrative Services and included in the budget manual.

Upon recommendation from the finance committee,
additional reserves may be transferred at year-end from the General Fund reserves.

• Workers Compensation
The Workers Compensation Fund is established to pay
administrative and legal services necessary for the
operation of this program; to provide payment of
compensation benefits and medical expenses associated
with industrial injuries; to provide insurance protection against a catastrophic loss or losses; to review and analyze the City’s industrial injury risks and determine the most suitable means of reducing employee exposure, and to
develop procedures for the administration of the City’s Self- Insurance Compensation and Safety Program.

Charges to departments are established by the Director of Administrative Services and included in the budget manual.

INTERNAL SERVICE FUNDS

• Health Benefits
The City is self-insured for health benefits for its employees and purchases reinsurance to transfer some of its risk.

Rates are set by the Health Benefits Committee, which is comprised of management and one employee from each of
the employee bargaining groups. The committee reviews
the cost of health care, changes in benefits, and market trends in order to establish the rate for health insurance.

Fund levels are set at a 70% confidence rate.

The fund is supported through contributions of both
employees and the City as negotiated each year with the employee bargaining groups. The City’s contribution is
$1,807 per month for the employee and one dependent.

Employees contribute an additional $494 per month if they have more than one dependent insured. Rates for life
insurance varies depending on the bargaining group.

PUBLIC SERVICE GOAL: To continually build and maintain adequate reserves through annual budget contributions to protect the City’s investment in the cost of insurance and other ongoing administrative obligations. 123
Internal Service Funds Audited
2024-2025
Adopted
2025-2026
Proposed
2026-2027
Proposed
2027-2028
Self-Insurance Liability 5,369,627 3,610,049 3,871,277 3,999,534 Self-Insurance Workers Comp 3,607,991 2,651,776 2,877,272 3,217,782 Self-Insurance Health Benefit Fund 12,455,712 12,872,953 17,744,092 19,127,170 Total Internal Service Funds 21,433,329 19,134,778 24,492,641 26,344,486 Self-Insurance
Liability
15%
Self-Insurance
Workers Comp
12%
Self-Insurance
Health Benefit Fund
73%
124

APPENDIX
125

ACCOUNTING SYSTEM
The total set of records and procedures that are used to record, classify, and report information on the financial status and operations of an entity.

ACCOUNTS PAYABLE
Amounts owing to private persons, firms, or corporations for goods and services received.

ACCOUNTS RECEIVABLE
Amounts owing from private persons, firms, or corporations for goods and services furnished.

ACCRUAL
Transactions and events are recognized as revenues/gains or expenses/losses when they occur, regardless of the timing of the related cash flows.

ADOPTION
Formal action by the City Council that sets the spending path for the fiscal year.

ALLOCATION
The practice of spreading costs among various cost centers on some predetermined reasonable basis (e.g., percentages) as opposed to distribution of expenses on a unit charge or direct identification basis.

ACTIVITY
A specific unit of work or service performed.

APPROPRIATION
An authorization made by the City Council that permits officials to incur obligations against and to make expenditures of governmental resources. Appropriations are usually made for fixed amounts and are typically granted for a one-year period.

APPROPRIATION ORDINANCE
The official enactment by the City Council establishing the legal authority for the City officials to obligate and expend resources.

ASSESSED VALUATION
The estimated value placed upon real and personal property by the County Assessor as the basis for levying property taxes.

ASSETS
The entries on a balance sheet showing all properties and claims against others that may be used directly or indirectly to cover liabilities.

AUDIT
A systematic examination of resource utilization concluding in a written report. It is a test of management’s internal accounting controls and is intended to:
• Ascertain whether financial statements fairly present financial positions and results of operations;
• Test whether transactions have been legally performed; • Identify areas for possible improvements in accounting practices and procedures;
• Ascertain whether transactions have been recorded accurately and consistently; and
• Ascertain the managerial conduct of officials responsible for governmental resources.

BALANCE SHEET
A statement purporting to present the financial position of an entity by disclosing its assets, liabilities, and fund equities as of a specific date.

Under varying circumstances, assets are carried at “lower of cost or market,” “cost less allowance for depreciation,” etc.

BOND (Debt Instrument)
A written promise to pay (debt) a specified sum of money (called principal or face value) at a specified future date (called the maturity date) along with periodic interest paid at a specified percentage of the principal (interest rate). Bonds are typically used for long- term debt to pay for specific capital expenditures.

BUDGET (Operating)
A plan of financial operation embodying an estimate of proposed expenditures for a given period (typically a fiscal year) and the proposed means of financing them (revenue estimates). The term is also sometimes used to denote the officially approved expenditure ceilings under which the City and its departments operate .

BUDGET CALENDAR
The schedule of key dates or milestones which the City follows in the preparation and adoption of the budget.

126
BUDGET MESSAGE (City Manager’s)
A general discussion of the proposed budget presented in writing as a part of, or supplement to, the budget document. The budget message explains principal budget issues against the background of financial experience in recent years and presents recommendations made by the City Manager
.

CAPITAL ASSETS
Assets of significant value and having a useful life of more than one year. Capital assets are also called fixed assets.

CAPITAL BUDGET
A plan of proposed capital expenditures and the means of financing them. The capital budget is enacted as part of the City’s consolidated budget which includes both operating and capital outlays, and is based on a capital improvement program (CIP).

CAPITAL IMPROVEMENT PROGRAM (CIP)
A plan for capital expenditures to be incurred each year over a period of ten future years setting forth each capital project, the amount to be expended in each year, and the method of financing those expenditures.

CAPITAL OUTLAYS
Expenditures for the acquisitions of capital assets. Includes the cost of land, buildings, permanent improvements, machinery, large tools, rolling, and stationary equipment.

CAPITAL PROJECTS
Projects which purchase or construct capital assets. Typically a capital project encompasses a purchase of land and/or the construction of a building or facility.

CAPITAL PROJECTS FUND
Used to account for financial resources used for the acquisition or construction of major capital facilities (other than those financed by Proprietary Funds).

CERTIFICATE OF DEPOSIT
A negotiable or non-negotiable receipt for monies deposited in a bank or financial institution for a specified period and rate of interest.

COMMODITIES
Items of expenditure (in the operating budget) which after use, are consumed or show a material change in their physical condition, and which are generally of limited value and are characterized by rapid depreciation, i.e. office supplies and motor fuel.

CONTINGENCY
A budgetary reserve set aside for emergencies or unforeseen expenditures not otherwise budgeted for.

CONTRACTUAL SERVICES
Items of expenditure for services the City receives from an internal service fund or an outside company. Utilities, rent and maintenance service agreements are examples of contractual services.

CONSUMER PRICE INDEX (CPI):

A statistical description of price levels provided by the U.S. Department of Labor. The change in this index from year to year is used to measure the cost of living and economic inflation.

DEBT SERVICE
Payment of interest and repayment of principal to holders of the City’s debt instruments.

DEBT SERVICE FUND
Used to account for the accumulation of resources for, and payment of, general long-term debt.

DEFICIT
• The excess of entity’s liabilities over its assets (See Fund Balance). • The excess of expenditures or expenses over revenues during a single accounting period.

DEPARTMENT
An organizational unit comprised of one or more divisions.

DEPRECIATION
Expiration in the service life of capital assets attributable to wear and tear, deterioration, action of the physical elements, inadequacy or obsolescence.
• That portion of the cost of a capital asset, which is charged as an expense during a particular period.

DEBT RATIO
A ratio that indicates the proportion of debt compared to assets, calculated by dividing total debt by total assets.

127

DIVISION
A program or activity, within a department, that furthers the objectives of the City Council by providing services or products.

ENCUMBRANCES
Obligations in the form of purchase orders or contract commitments, which are chargeable to an appropriation and for which a part of the appropriation is reserved. They cease to be encumbrances when paid or when an actual liability is set up.

ENTERPRISE FUND
Separate financial accounting used for government operations that are financed and operated in a manner similar to business enterprises, and where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services to the general public be financed or recovered primarily through user charges, or where the governing body had decided that periodic determination of net income is appropriate for capital maintenance, public policy, management control, or other purposes (i.e. utilities and transit systems).

EXPENDITURES
Where accounts are kept on the accrual or modified accrual basis of accounting, the cost of goods received or services rendered whether cash payments have been made or not. Where accounts are kept on a cash basis, expenditures are recognized only when the cash payments for the above purposes are made.

FEE
A payment or charge levied by a government entity for a specific service or good.

FISCAL YEAR
The City’s fiscal year is based on the twelve- month period beginning July 1st and ending the following June 30th.

FIXED CHARGES
Items of expenditure for services rendered by internal operations of the City. Examples include: rental equipment, computer services, building rental, indirect operating expenses, and depreciation.

FRINGE BENEFITS

Included are employee retirement, social security, Medicare, health, dental, life insurance, workers’ compensation, uniforms, and deferred compensation plans.

FULL FAITH AND CREDIT
A pledge of the City’s taxing power to repay debt obligations (typically used in reference to General Obligation Bonds or tax-supported debt).

FUND
An independent fiscal and accounting entity with a self -balancing set of accounts recording cash and/or other resources together with all related liabilities, obligations, reserves and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives.

FUND BALANCE
The excess of an entity’s assets over its liabilities. A negative fund balance is sometimes called a deficit.

GANN LIMIT
In November 1979, the voters of California approved Proposition 4, commonly known as the Gann Initiative. This proposition created Article XIII B of the State Constitution placing limits on the amount of revenue that can be appropriated by all government entities in any fiscal year. The legislation mandates all governing bodies to annually establish the Appropriations Limit.

GENERAL FUND
The fund supported by taxes, fees and other revenues that may be used for any lawful purpose. The general fund accounts for all financial resources except those required to be accounted for in another fund.

GENERAL OBLIGATION BONDS
When the City pledges its full faith and credit to the repayment of the bonds it issues, then those bonds are general obligation (G.O.) bonds.

Sometimes the term is also used to refer to bonds, which are to be repaid from taxes and other general revenues. In California, G.O. bonds must be authorized by public referenda with two- thirds voter approval.

GOVERNMENTAL ACCOUNTING STANDARDS BOARD
To establish and improve standards in governmental accounting and financial reporting that will result in useful information. 128

INTERGOVERNMENTAL GRANT
A contribution of assets (usually cash) by one governmental unit or organization to another. Typically, these contributions are made to local governments from the State and Federal governments. Grants are usually made for specified purposes.

INTERNAL SERVICE FUND
Funds used to account for the financing of goods or services provided by one department or agency to another department or agency within the same organization.

INVESTMENT
Securities and real estate purchased and held for the production of income in the form of interest, dividends, rental or base payments.

LIABILITY
Debt or other legal obligations arising out of transactions in the past, which must be liquidated, renewed or refunded at some future date; financial obligations entered in the balance sheet. NOTE: The term does not include encumbrances.

MATURITIES
The dates on which the principal or stated values of investments or debt obligations mature and may be reclaimed.

MODIFIED ACCRUAL
Revenues are recognized when measurable and available to liquidate liabilities of the current period. Expenditures are recognized when an event or transaction is expected to draw on current or available resources.

MUNICIPAL CODE
A book containing City Council Approved Ordinances currently in effect. The Code defines City Policy in various categories (i.e., building regulations, planning and zoning regulations, sanitation and health standards, and traffic regulations).

OBJECT OF EXPENDITURE
Expenditure classifications based upon the types of categories of goods and services purchased. Examples include:
• personnel services (salaries and wages)
• contractual services (utilities, maintenance contracts, travel) • commodities
• fixed charges (rental of City equipment, City building rental) • capital outlays

OBJECTIVES
Departmental statements describing significant activities to be accomplished during the fiscal year.

OPERATING FUNDS
Resources derived from recurring sources used to finance ongoing operating expenditures and pay-as-you-go capital projects.

ORDINANCE
A formal legislative enactment by the governing board (City Council) of a municipality. If it is not in conflict with any higher form of law, it has the full force and effect of law within the boundaries of the municipality to which it applies.

PERFORMANCE MEASURES
Specific quantitative measures of work performed within an activity or program (e.g., total miles of streets cleaned). A specific quantitative measure of results obtained through a program or activity (e.g., reduced incidence of vandalism due to new street lighting program).

PERSONNEL SERVICES
Items of expenditures in the operating budget for salaries and wages paid for services performed by City employees, the incident fringe benefit cost associated with City employment, and amounts paid to outside firms, consultants, or individuals for contract personnel services.

PROGRAM
An activity, or division, within a department, which furthers the objectives of the City Council, by providing services or a product.

RATING
The credit worthiness of a City as evaluated by independent agencies.

REIMBURSEMENTS
Payments remitted by another agency, department, or fund to help defray the costs of a particular service or activity for which some benefit was obtained by the reimbursing party. These amounts are recorded as expenditures, or expenses in the reimbursing fund and as a reduction of expenditures, or expenses, in the fund that is reimbursed.

129

RESERVE
An account used to indicate that a portion of fund equity is legally restricted for a specific purpose, or set aside for emergencies or unforeseen expenditures not otherwise budgeted for. Reserve accounts can also be used to earmark a portion of fund balance to indicate that it is not appropriate for expenditures
.

RESOLUTION
A special order of the City Council which requires less legal formality than an Ordinance in terms of public notice and the number of public readings prior to approval. A Resolution has lower legal standing than an Ordinance. The adopted operating budget is approved by Resolution and requires a majority vote of the Council members present at the time of adoption.

RESOURCES
Total dollars available for appropriations including estimated revenues, fund transfers, and beginning fund balances.

REVENUE
The term designates an increase to a fund’s assets which:
• does not increase a liability (e.g., proceeds from a loan); • does not represent a repayment of an expenditure already made; • does not represent a cancellation of certain liabilities; and • does not represent an increase in contributed capital.

REVENUE BONDS
When a government issues bonds, which do not pledge the full faith and credit of the jurisdiction, it issues limited liability revenue bonds.

Typically, pledges are made to dedicate one specific revenue source to repay these bonds. In addition to a pledge of revenues, such bonds sometimes may be secured by a lien against property.

REVENUE ESTIMATES
A formal estimate of how much revenue will be earned from a specific revenue source for some future period; typically, a future fiscal year.

REVOLVING ACCOUNT
A reserve account that is funded by the amortization of a capital asset value charged annually to the user department with the accumulated funds used to replace the asset when it has reached the end of its normal life cycle.

SALARIES AND BENEFITS
An operating budget category which generally accounts for full -time and part-time salaries, overtime costs, and fringe benefits.

SOURCE OF REVENUE
Revenues are classified according to their source or point of origin.

SPECIAL REVENUE FUND
Used to account for the proceeds of special revenue sources that are restricted by law (or administrative action) to expenditures for specific purposes.

SUPPLIES AND SERVICES
This budget category accounts for all nonpersonnel, and noncapital outlay expenses (i.e., building/structure maintenance, contractual services, equipment maintenance, office supplies, small tool purchases, and utility costs).

TAXES
Compulsory charges levied by a government for the purpose of financing services performed for the common benefit. This term does not include specific charges made against particular persons or property for current or permanent benefits, such as special assessments. Neither does this term include charges for services rendered only to those paying such charges.

TRIPLE-FLIP
The revenue formula the State of California imposed on local government. The formula modifies (flips) the rate of distribution of three (triple) revenue sources that are passed through and distributed by the State: property tax, sales tax and motor vehicle-in-lieu fees.

TRANSFERS IN/OUT
Payments from one fund to another fund, primarily for work or services provide
d.

TRUST AND AGENCY FUND
A type of fund that temporarily holds monies for other agencies or legal entities.

UNIT COST
The cost required to produce a specific product or unit of service (e.g., the cost to purify one thousand gallons of water).

130
USER CHARGES (also known as USER FEES)
The payment of a fee for direct receipt of a public service by the party benefiting from the service.

YIELD
The rate earned on an investment based on the price paid.

131
AB Assembly Bill
ABC Alcoholic Beverage Control
ADA American Disabilities Act
AQMD Air Quality Management District
ASST Assistant
ATF Alcohol Tobacco and Firearms, US Bureau of
ATM Automated Teller Machine
AVE Avenue
BJA Bureau of Justice Assistance
BLDG Building
BLVD Boulevard
CA California
CAMP California Asset Management Program
CAPE Community Action Project for the Elderly
CCW Concealed Carry Weapon
CDBG Community Development Block Grant
CDE California Department of Education
CEO Chief Executive Officer
CEQA California Environmental Quality Act
CPF Community Project Funding
CHGS Charges
CIP Capital Improvement Projects
CO Company
CO-ED Co-educational
C of O Certificate of Occupancy
COLA Cost of Living Adjustment
COPS Citizen Option for Public Safety
CORP Corporation
CPI Consumer Price Index
CSMFO California Society of Municipal Finance Officers
DEMO Demolition
DEV Development
DHS Department of Homeland Security
DIST District
DMH Department of Mental Health
DOC Document
DUI Driving Under the Influence
EAP Employee Assistance Program
E.G. For Example (Exempli Gratia)
ENF Enforcement
EPA Environmental Protection Agency
ERAF Educational Relief Augmentation Fund
ETC Etcetera
EXP Expense
FEMA Federal Emergency Management Agency
FPPC Fair Public Practices Commission
FY Fiscal Year
GAAFR Governmental Accounting, Auditing and Financial
Reporting
GAAP Generally Accepted Accounting Practices
GAAS Generally Accepted Auditing Standards
GASB Governmental Accounting Standards Board
GEBAC Gardena Business Economic Advisory Commission
GEPCO Gardena Employee Personal Computer Opportunity
GFCC Gardena Family Child Care
GFOA Government Finance Officers Association
GIS Geographic Information System
GMBL Gardena Municipa l Bus Line
GMC Gardena Municipal Code
GRAGA Gardena Royal and Ancient Golf Association
HS Human Services
HUD U.S. Department of Housing and Urban
Development
HVAC Heating, Ventilation, and Air Conditioning
ICMA International City/County Management Association
i.e. (Latin: id est) that is
IMPR Improvement
INC. Incorporated
IND Industrial
JAG Justice Assistance Grant Program
132
JR. Junior
JT POWERS Joint Powers
L.A. Los Angeles
LACDACC Los Angeles County Department of Animal Care and Control
LACoFD Los Angeles County Fire District
LP Limited Partnership
LAIF Local Agency Investment Fund
LED Light-emitting Diode
LTD. Limited
MAINT Maintenance
MDC Mobile Data Computers
MDT Mobile Data Terminals
MGMT Management
MGR. Manager
MIC Management Information Center
MISC. Miscellaneous
MTA Metropolitan Transportation Authority
N.A. National Association
NPDES National Pollutant Discharge Elimination System
OAA Older Americans Act
OCJP Office of Criminal Justice Planning
OJP Office of Justice Programs
OPEB Other Post-Employment Benefits
OSHA Occupational, Safety and Health Administration
OTS Office of Traffic Safety
PARS Public Agency Retirement System
PERS Public Employee's Retirement System
PK. Park
PL Place
PO Purchase Order
POST Police Officers Standards and Training
PRIM Primary
PROG Program
PSI Progressive Solutions, Inc.

Gardena City CouncilMay 26, 2026

Gardena City Council
May 26, 2026