STAFF REPORT
TO: Mayor and Council Members DATE: August 26, 2025
FROM: Finance DISTRICT(S): Citywide
SUBJECT: City of Glendora and Glendora Successor Agency Investment Report for June 2025 and July 2025
RECOMMENDATION
That the City Council and Successor Agency:
1. Receive and file the Monthly Investment Activity Report for June 2025 and July 2025.
STRATEGIC FOCUS AREAS
Goal 2: Maintain Financial Stability and Sustainability (MFSS)
EXECUTIVE SUMMARY
The City’s book value of cash and investments for July 2025 totaled $117,113,216. This is a decrease of $4,068,445 (-3.36%) compared to the previous month. The decrease is generally due to payments towards the City's general liability and worker's compensation premiums totaling $2.7 million and for the City's unfunded pension liability with CalPERS in the amount of $1.3 million.
LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Pursuant to Section 19 of the City’s FY 2024-25 and FY 2025-26 Investment Policy, a monthly investment report must be provided to the City Council to provide a clear picture of the status of the current portfolio.
DISCUSSION
As prescribed in the Investment Policy for FY 2025 and FY 2026, the attached investment reports provides a listing of individual securities held at the end of the reporting period by authorized investment category, the average life and final maturity of all investments listed, coupon rate, discount or earnings rate, Par Value, Market Value and Book Value of each investment in the portfolio, including funds managed for the City by third parties.
In the month of July, there were eleven investment purchases (consisting of Medium-Term Corporate Notes, Federal Agency Securities, Limited-Term Government Funds, and Certificates of Deposit) totaling $7,376,970; there were three securities that matured at $3,386,000, resulting in neither a gain nor a loss.
FISCAL IMPACT
There is no fiscal impact associated with the recommended action.
ENVIRONMENTAL DETERMINATION
Not Applicable
Prepared By: Kyle Johnson, Finance Director/City Treasurer Concurs With: Not Applicable
Reviewed By: Kyle Johnson, Finance Director/City Treasurer Certified to Availability of
Funds: Kyle Johnson, Finance Director/City Treasurer
Approved By: Adam Raymond, City Manager
Legal Review: Not Applicable
CEQA Review: Not Applicable
Attachments
A. June 2025 Investment Report.pdf
B. Memo to City Council Members.pdf
C. July 2025 Investment Report.pdf
Financial Advisor
GIORDANO CRAWFORD
WEALTH MANAGEMENT
626-405-4753
UBS Client Review
As of June 30, 2025
251 South Lake Avenue10th FloorPasadena, CA 911013003Branch office Report Prepared for: City of Glendora* excluded from performance exhibits Type
AccountName
AccountNumberSX XX180 City of Glendora Business Service Account@SX XXX279* CITY OF GL Non UBS Investment LAIF@SX XXX283* CITY OF GL Non UBS Investment Bank of America What's insideAsset Allocation Review. . . . . . . . . . . . . . . . . . . . . . 2Sources of Portfolio Value. . . . . . . . . . . . . . . . . . . . 3Bond Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Portfolio Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . 5Bond Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Important Information About This Report. . . . . . . . 29
Consolidated report prepared for City of Glendora
Asset Allocation Reviewas of June 30, 2025
Summary of Asset Allocation
Market
value ($)
% of
Portfolio
Cash 42,334,185.78 35.03
Cash 42,334,185.78 35.03 US 42,334,185.78 35.03
Fixed Income 78,506,284.65 64.97
US 78,506,284.65 64.97 US Fixed Income 12,487,509.04 10.33 Government 46,410,753.30 38.41 Corporate IG Credit 19,608,022.31 16.23 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00Total Portfolio $120,840,470.43 100%Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category Cash 35.03%US Fixed Income 64.97%
Total Value: $120,840,470.43
Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 2 of 35 Consolidated report prepared for City of Glendora
Sources of Portfolio Valueas of June 30, 2025
Market Value Net amount you invested (net of fees)
02/22 12/22 12/23 06/25
5075
100125150
$ Millions
MTD
05/31/2025 to
06/30/2025
QTD
03/31/2025 to
06/30/2025
ITD
02/23/2022 to
06/30/2025
YTD
12/31/2024 to
06/30/2025
Opening value 104,726,941.55 104,398,100.72 103,422,623.88 40,589,214.16Net deposits/withdrawals -130,677.95 -506,563.39 -902,104.48 56,546,099.09Div./interest income 221,244.29 670,192.09 1,138,080.96 6,400,822.37Change in accr. interest -34,789.05 -82,609.20 -23,221.41 260,983.95Change in value 339,914.23 643,512.85 1,487,254.12 1,325,513.49Closing value 105,122,633.07 105,122,633.07 105,122,633.07 105,122,633.07Net Time-weighted ROR 0.50 1.18 2.52 2.06Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.34 1.07 2.13 4.20BofA Corp/Gov 1-5Y 0.81 1.49 3.52 2.50BBG Agg Bond 1.54 1.21 4.02 0.27Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: July 07, 2025 Page 3 of 35 Consolidated report prepared for City of Glendora
Bond Summaryas of June 30, 2025Bond OverviewTotal quantity 79,258,000Total market value $78,178,033.20Total accrued interest $328,251.45Total market value plus accrued interest $78,506,284.65Total estimated annual bond interest $1,819,021.75Average yield to maturityAverage coupon 2.31%
4.23%2.33%4.19%
Average current yieldAverage yield to worstAverage modified duration 1.79Average effective maturity 1.96 Investment Type AllocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.
Certificates of deposit 12,487,509.04 0.00 12,487,509.04 15.91U.S. corporates 19,608,022.31 0.00 19,608,022.31 24.98U.S. federal agencies 38,876,160.42 0.00 38,876,160.42 49.52U.S. treasuries 7,534,592.88 0.00 7,534,592.88 9.60Total $78,506,284.65 $0.00 $78,506,284.65 100% Credit Quality of Bond HoldingsA Aaa/AAA/AAA 1 1,974,990.00 2.52B Aa/AA/AA 33 46,464,553.13 59.15C A/A/A 14 17,579,232.47 22.39D Baa/BBB/BBB 0 0.00 0.00E Non-investment grade 0 0.00 0.00F Certificate of deposit 52 12,487,509.04 15.93G Not rated 0 0.00 0.00Total 100 $78,506,284.65 100%Effective credit rating % of
port.
Value on
Issues 06/30/2025 ($)
Bond Maturity Schedule
Effective maturity schedule
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2036 + Other 05 1015202530
19.9%
34.1%
11.4%
4.3%
25.0%
5.1%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Cash, mutual funds and some preferred securities are not included.$ Millions Includes all fixed income securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 4 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025Summary of Portfolio Holdings Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
06/30/2025 ($)
Current
yield (%)
% of
portfolio
A Cash 42,334,186 42,334,186 0 0.00% 923,328 2.18% 35.03% Cash 42,334,186 42,334,186 0 0.00% 923,328 2.18% 35.03% US 42,334,186 42,334,186 0 0.00% 923,328 2.18% 35.03%
B Fixed Income 78,847,476 78,506,285 -341,191 -0.43% 1,819,022 2.32% 64.97% US 78,847,476 78,506,285 -341,191 -0.43% 1,819,022 2.32% 64.97% US Fixed Income 12,566,072 12,487,509 -78,563 -0.63% 349,230 2.80% 10.33% Government 46,585,593 46,410,753 -174,840 -0.38% 995,110 2.14% 38.41% Corporate IG Credit 19,695,811 19,608,022 -87,789 -0.45% 474,682 2.42% 16.23% C Equity 0 0 0 0.00% NA NA 0.00%D Commodities 0 0 0 0.00% NA NA 0.00%E Non-Traditional 0 0 0 0.00% NA NA 0.00%F Other 0 0 0 0.00% NA NA 0.00%Total Portfolio $121,181,661 $120,840,470 -$341,191 -0.28% $2,742,350 2.27% 100% Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category B
A
Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 5 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Details of Portfolio Holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $121,181,661 $120,840,470 -$341,191 -0.28% $2,742,350 2.27% 100% 100% % of
portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) / Cash Avg Price Market value ($)
Price on
06/30/2025
($)
% of
Cash
% of
portfolio
Cash
US
Outside ASSET(1) 1.00 12,296,346.57 12,296,346.57 0.00 0.00% NA NA 29.05% 10.18%[Outside Account @SXXXX279]
1.00 Outside ASSET(1) 1.00 3,421,490.79 3,421,490.79 0.00 0.00% NA NA 8.08% 2.83%[Outside Account @SXXXX283]
1.00 UBS INSURED SWEEP 2,882,750.76 1.00 2,882,750.76 2,882,750.76 0.00 0.00% 11,531.00 0.40% 2.39%PROGRAM
1.00 6.81%
21,813,321.2 1.00 911,796.83
3 UBS SELECT TREASURY 21,813,321.23 21,813,321.23 0.00 0.00% 4.18% 18.05%INSTITUTIONAL FUND
1.00 51.53%
USD CASH 1,920,276.43 1.00 1.00 1,920,276.43 1,920,276.43 0.00 0.00% NA NA 4.54% 1.59% Total US $42,334,186 $42,334,186 $0 0.00% $923,328 2.18% 100% 35.03% Total Cash $42,334,186 $42,334,186 $0 0.00% $923,328 2.18% 100% 35.03% Total Cash $42,334,186 $42,334,186 $0 0.00% $923,328 2.18% 100% 35.03%(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 6 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
AFFINITY PLUS MN US RT 245,000.00 100.00 245,000.00 246,968.22 0.00 1,968.22 0.80% 12,372.50 5.01% 0.20%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE 100.67 0.31%
ALLY BK UT US RT 245,000.00 100.00 245,000.00 243,858.30 0.00 -1,141.70 -0.47% 8,697.50 3.57% 0.20%03.5500% MAT 06/30/26FIXED RATE CD
99.53 0.31%
AMER EXPRESS NATL UT US 245,000.00 98.05 240,222.50 242,978.05 0.00 2,755.55 1.15% 8,820.00 3.63% 0.20%RT 03.6000% MAT 09/25/29FIXED RATE CD
98.22 0.31%
AMER NATL BK OMA NE US 245,000.00 100.00 245,000.00 244,810.85 0.00 -189.15 -0.08% 10,412.50 4.25% 0.20%RT 04.2500% MAT 03/21/28FIXED RATE CD
99.82 0.31%
AMERICAN COMM BK GA 245,000.00 100.00 245,000.00 242,806.68 0.00 -2,193.32 -0.90% 980.00 0.40% 0.20%US RT 00.4000% MAT09/22/25 FIXED RATE CD
99.10 0.31%
ARBOR FINL CREDIT MI US 245,000.00 100.00 245,000.00 247,140.96 0.00 2,140.96 0.87% 12,250.00 4.96% 0.20%RT 05.0000% MAT 04/03/28FIXED RATE CD 100.50 0.31%
BANK3 TENNESSEE TN US RT 245,000.00 100.00 245,000.00 243,442.27 0.00 -1,557.73 -0.64% 980.00 0.40% 0.20%00.4000% MAT 08/28/25FIXED RATE CD
99.36 0.31%
BANKUNITED NA FLOR FL US 245,000.00 100.00 245,000.00 239,316.00 0.00 -5,684.00 -2.32% 2,327.50 0.97% 0.20%RT 00.9500% MAT 03/31/26FIXED RATE CD
97.68 0.30%
BK HAPOALIM BM NY US RT 245,000.00 100.00 245,000.00 240,800.50 0.00 -4,199.50 -1.71% 1,225.00 0.51% 0.20%00.5000% MAT 12/15/25FIXED RATE CD
98.26 0.31%
BMO HARRIS BK NA IL US RT 245,000.00 100.00 245,000.00 239,297.14 0.00 -5,702.86 -2.33% 1,960.00 0.82% 0.20%00.8000% MAT 03/18/26FIXED RATE CD
97.65 0.30%
CAPITAL ONE BK USA VA US 245,000.00 100.00 245,000.00 235,762.46 0.00 -9,237.54 -3.77% 2,817.50 1.20% 0.20%RT 01.1500% MAT 11/24/26FIXED RATE CD
96.11 0.30%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 235,762.46 0.00 -9,237.54 -3.77% 2,817.50 1.20% 0.20%01.1500% MAT 11/24/26FIXED RATE CD
96.11 0.30%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 7 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
CELTIC BK UT US RT 245,000.00 98.17 240,525.91 240,732.10 0.00 206.19 0.09% 8,942.50 3.71% 0.20%03.6500% MAT 04/29/30FIXED RATE CD
98.25 0.31%
CFG COMMUNITY BANK 245,000.00 100.00 245,000.00 248,055.45 0.00 3,055.45 1.25% 9,310.00 3.75% 0.21%MD US RT 03.8000% MAT03/11/26 FIXED RATE CD
99.80 0.32%
CHAMBERS BANK AK US RT 108,000.00 100.00 108,000.00 107,106.72 0.00 -893.28 -0.83% 378.00 0.35% 0.09%00.3500% MAT 09/22/25FIXED RATE CD
99.08 0.14%
CIBC BANK ILLINOIS IL US RT 245,000.00 100.00 245,000.00 249,714.94 0.00 4,714.94 1.92% 12,250.00 4.91% 0.21%05.0000% MAT 03/24/26FIXED RATE CD 100.58 0.32%
COMMUNITY BK TN US RT 245,000.00 100.00 245,000.00 243,501.54 0.00 -1,498.46 -0.61% 980.00 0.40% 0.20%00.4000% MAT 08/26/25FIXED RATE CD
99.38 0.31%
CY-FAIR FED CREDIT TX US 245,000.00 100.00 245,000.00 246,240.51 0.00 1,240.51 0.51% 12,985.00 5.27% 0.20%RT 05.3000% MAT 07/14/28FIXED RATE CD 100.27 0.31%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 242,239.79 0.00 -2,760.21 -1.13% 7,840.00 3.24% 0.20%03.2000% MAT 05/24/27FIXED RATE CD
98.55 0.31%
DIVERSIFIED MEMBER MI US 245,000.00 100.00 245,000.00 244,821.15 0.00 -178.85 -0.07% 10,535.00 4.30% 0.20%RT 04.3000% MAT 04/28/28LICU SHARE CERTIFICATE
99.93 0.31%
EAGLEMARK SVGS BK NV 245,000.00 100.16 245,381.30 238,714.61 -723.04 -6,666.69 -2.72% 4,900.00 2.05% 0.20%US RT 02.0000% MAT03/02/27 FIXED RATE CD
96.78 0.30%
EATON CMNTY BK MI US RT 245,000.00 99.90 244,755.00 245,936.87 0.00 1,181.87 0.48% 12,495.00 5.08% 0.20%05.1000% MAT 03/08/29FIXED RATE CD 100.08 0.31%
ESSENTIAL FED CRED LA US 245,000.00 100.00 245,000.00 248,824.82 0.00 3,824.82 1.56% 11,515.00 4.63% 0.21%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE 101.37 0.32%
FARMERS & MERCHANT WI 245,000.00 100.00 245,000.00 244,924.42 0.00 -75.58 -0.03% 9,432.50 3.85% 0.20%US RT 03.8500% MAT11/08/27 FIXED RATE CD
99.72 0.31%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 8 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
FIRST GTY BK HAMMO LA 219,000.00 100.00 219,000.00 220,242.78 0.00 1,242.78 0.57% 9,526.50 4.33% 0.18%US RT 04.3500% MAT11/06/28 FIXED RATE CD
99.91 0.28%
GOLDMAN SACHS BANK NY 245,000.00 100.00 245,000.00 247,772.73 0.00 2,772.73 1.13% 9,800.00 3.96% 0.21%US RT 04.0000% MAT03/20/28 FIXED RATE CD
99.99 0.32%
GREAT STHN BK MO US RT 245,000.00 100.00 245,000.00 245,319.20 0.00 319.20 0.13% 11,025.00 4.49% 0.20%04.5000% MAT 10/20/25FIXED RATE CD 100.01 0.31%
GREENSTATE CREDIT IA US 245,000.00 100.00 245,000.00 239,189.77 0.00 -5,810.23 -2.37% 2,327.50 0.97% 0.20%RT 00.9500% MAT 04/16/26FIXED RATE CD
97.55 0.30%
GUARANTY BK MO US RT 245,000.00 99.49 243,750.40 243,631.42 0.00 -118.98 -0.05% 9,310.00 3.82% 0.20%03.8000% MAT 01/12/29FIXED RATE CD
99.25 0.31%
HOME LN INVT BK RI US RT 245,000.00 100.00 245,000.00 243,514.76 0.00 -1,485.24 -0.61% 980.00 0.40% 0.20%00.4000% MAT 08/29/25FIXED RATE CD
99.36 0.31%
JPMORGAN CHASE BK OH 245,000.00 100.00 245,000.00 243,134.38 0.00 -1,865.62 -0.76% 1,715.00 0.71% 0.20%US RT 00.7000% MAT09/30/25 FIXED RATE CD
99.06 0.31%
LAFAYETTE FED CRED MD 245,000.00 100.00 245,000.00 241,997.68 0.00 -3,002.32 -1.23% 7,962.50 3.29% 0.20%US RT 03.2500% MAT06/15/27 LICU SHARECERTIFICATE
98.64 0.31%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 236,536.63 0.00 -8,463.37 -3.45% 1,960.00 0.83% 0.20%00.8000% MAT 08/13/26FIXED RATE CD
96.48 0.30%
MEDALLION BK UT US RT 245,000.00 100.00 245,000.00 244,220.90 0.00 -779.10 -0.32% 1,347.50 0.55% 0.20%00.5500% MAT 07/30/25FIXED RATE CD
99.68 0.31%
METRO CREDIT UNION MA 245,000.00 100.00 245,000.00 236,437.42 0.00 -8,562.58 -3.49% 4,165.00 1.76% 0.20%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE
96.37 0.30%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 9 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
MORGAN STANLEY BK UT 245,000.00 100.00 245,000.00 249,246.55 0.00 4,246.55 1.73% 10,412.50 4.18% 0.21%US RT 04.2500% MAT02/02/26 FIXED RATE CD 100.01 0.32%
NEW ORLEANS FIREME LA 245,000.00 100.00 245,000.00 252,435.95 0.00 7,435.95 3.04% 12,250.00 4.85% 0.21%US RT 05.0000% MAT07/17/28 FIXED RATE CD 102.86 0.32%
NEW YORK CMNTY BK NY 245,000.00 100.00 245,000.00 237,069.35 0.00 -7,930.65 -3.24% 1,715.00 0.72% 0.20%US RT 00.7000% MAT07/01/26 FIXED RATE CD
96.76 0.30%
PENTAGON FED CREDI VA 245,000.00 100.00 245,000.00 236,272.83 0.00 -8,727.17 -3.56% 4,165.00 1.76% 0.20%US RT 01.7000% MAT02/18/27 CREDIT UNIONSHARE CERT
96.38 0.30%
SALLIE MAE BANK UT US RT 245,000.00 99.80 244,510.00 245,969.80 0.00 1,459.80 0.60% 9,922.50 4.03% 0.20%04.0500% MAT 11/21/29FIXED RATE CD
99.95 0.31%
STATE BANK OF INDI NY US 245,000.00 100.00 245,000.00 239,882.39 0.00 -5,117.61 -2.09% 2,205.00 0.92% 0.20%RT 00.9000% MAT 03/25/26FIXED RATE CD
97.67 0.31%
STATE BK IL US RT 245,000.00 100.00 245,000.00 246,335.62 0.00 1,335.62 0.55% 10,045.00 4.08% 0.20%04.1000% MAT 11/26/29FIXED RATE CD 100.15 0.31%
TECHNOLOGY CREDIT CA 245,000.00 100.00 245,000.00 247,563.34 0.00 2,563.34 1.05% 12,250.00 4.95% 0.20%US RT 05.0000% MAT03/23/26 CREDIT UNIONSHARE CERT 100.65 0.32%
TEXAS EXCHANGE BK TX US 245,000.00 100.00 245,000.00 242,019.59 0.00 -2,980.41 -1.22% 1,470.00 0.61% 0.20%RT 00.6000% MAT 10/23/25FIXED RATE CD
98.77 0.31%
TOYOTA FINL SVG BK NV US 245,000.00 100.00 245,000.00 239,198.74 0.00 -5,801.26 -2.37% 2,205.00 0.92% 0.20%RT 00.9000% MAT 04/22/26FIXED RATE CD
97.46 0.30%
TRUXTON TR CO NASH TN 245,000.00 99.98 244,938.75 241,306.54 0.00 -3,632.21 -1.48% 10,045.00 4.16% 0.20%US RT 04.1000% MAT02/27/30 FIXED RATE CD
98.47 0.31%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 10 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
UBS BANK UT US RT 245,000.00 100.00 245,000.00 237,722.53 0.00 -7,277.47 -2.97% 2,082.50 0.88% 0.20%00.8500% MAT 06/16/26FIXED RATE CD
97.00 0.30%
USALLIANCE FED CRE NY US 245,000.00 100.00 245,000.00 242,609.71 0.00 -2,390.29 -0.98% 1,225.00 0.50% 0.20%RT 00.5000% MAT 09/29/25FIXED RATE CD
99.02 0.31%
USF FED CREDIT UNI FL US 245,000.00 100.00 245,000.00 245,134.41 0.00 134.41 0.05% 9,555.00 3.90% 0.20%RT 03.9000% MAT 05/01/28LICU SHARE CERTIFICATE
99.75 0.31%
VALLEYSTAR CR UN M VA 245,000.00 100.00 245,000.00 246,876.67 0.00 1,876.67 0.77% 12,250.00 4.96% 0.20%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE 100.63 0.31%
WELLS FARGO BK NA SD US 245,000.00 100.00 244,987.75 246,231.34 0.00 1,243.59 0.51% 10,045.00 4.08% 0.20%RT 04.1000% MAT 02/06/29FIXED RATE CD 100.23 0.31%
WORKERS CREDIT UNI MA 245,000.00 100.00 245,000.00 245,879.21 0.00 879.21 0.36% 10,045.00 4.09% 0.20%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE 100.27 0.31%
Total US Fixed Income $12,566,072 $12,487,509 -$723.04 -$78,563 -0.63% $349,230 2.80% 15.91% 10.33%Government FEDERAL FARM CREDIT 1,000,000.00 100.00 999,955.25 1,006,766.67 0.00 6,811.42 0.68% 47,500.00 4.72% 0.83%04.750 % DUE 043029 DTD043025 FC 10302025
99.89 1.28%
FEDERAL HOME LN BANK 1,000,000.00 100.00 1,000,004.89 1,008,705.00 -0.37 8,700.11 0.87% 41,750.00 4.14% 0.83%NTS 04.175 % DUE 031229DTD 031225 FC 09122025
99.62 1.28%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,972,140.00 0.00 -27,860.00 -1.39% 12,000.00 0.61% 1.63%112425 DTD 112420 FC05242021
98.55 2.51%
FFCB BOND 00.660 % DUE 2,000,000.00 100.00 2,000,000.00 1,988,490.00 0.00 -11,510.00 -0.58% 13,200.00 0.66% 1.65%091525 DTD 091521 FC03152022
99.23 2.53%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 11 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
Government
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,953,682.22 0.00 -46,317.78 -2.32% 36,800.00 1.88% 1.62%012627 DTD 012622 FC07262022
96.90 2.49%
FFCB BOND 04.000 % DUE 1,000,000.00 100.14 1,001,420.37 1,017,178.89 -56.68 15,758.52 1.57% 40,000.00 3.93% 0.84%040130 DTD 040125 FC10012025 100.73 1.30%
FFCB BOND 04.620 % DUE 1,500,000.00 99.92 1,498,850.25 1,516,052.50 0.00 17,202.25 1.15% 69,300.00 4.57% 1.25%100129 DTD 100124 FC04012025
99.93 1.93%
FFCB NTS 00.940 % DUE 2,000,000.00 100.00 2,000,000.00 1,933,564.44 0.00 -66,435.56 -3.32% 18,800.00 0.97% 1.60%092826 DTD 092821 FC03282022
96.44 2.46%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 971,925.83 0.00 3,540.58 0.37% 10,500.00 1.08% 0.80%081326 DTD 081321 FC02132022
96.79 1.24%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,945,924.44 0.00 -54,075.56 -2.70% 35,600.00 1.83% 1.61%021027 DTD 021022 FC08102022
96.60 2.48%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 3,137,612.27 0.00 62,513.87 2.03% 64,621.50 2.06% 2.60%022527 DTD 022522 FC08252022
96.90 4.00%
FHLB BOND STEP-UP 2,000,000.00 100.00 2,000,000.00 1,967,620.00 0.00 -32,380.00 -1.62% 20,000.00 1.02% 1.63%1.5000% DUE 063026 DTD063021 FC 12302021
98.38 2.51%
FHLB NTS 1.0500% DUE 2,000,000.00 100.00 2,000,000.00 1,959,070.00 0.00 -40,930.00 -2.05% 21,000.00 1.07% 1.62%033026 DTD 033021 FC09302021
97.69 2.50%
FHLB NTS 1.1500% DUE 2,000,000.00 100.00 2,000,000.00 1,945,062.22 0.00 -54,937.78 -2.75% 23,000.00 1.18% 1.61%082626 DTD 082621 FC02262022
96.86 2.48%
FHLB NTS 1.5000% DUE 2,000,000.00 100.00 2,000,000.00 1,953,940.00 0.00 -46,060.00 -2.30% 30,000.00 1.54% 1.62%063026 DTD 063021 FC12302021
97.70 2.49%
FHLB NTS 04.625 % DUE 1,000,000.00 99.76 997,555.25 1,003,935.42 0.00 6,380.17 0.64% 46,250.00 4.61% 0.83%101529 DTD 101524 FC04152025
99.43 1.28%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 12 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLMC MED TERM NTS 1,000,000.00 99.85 998,500.00 999,810.56 0.00 1,310.56 0.13% 5,000.00 0.50% 0.83%00.500 % DUE 072325 DTD072320 FC 01232021
99.76 1.27%
FHLMC NTS 04.000 % DUE 650,000.00 99.75 648,380.25 651,720.33 0.00 3,340.08 0.52% 26,000.00 3.99% 0.54%043029 DTD 043025 FC10302025
99.60 0.83%
FNMA NTS 00.500 % DUE 1,000,000.00 100.00 999,950.00 997,188.89 0.00 -2,761.11 -0.28% 5,000.00 0.50% 0.83%081425 DTD 081420 FC02142021
99.53 1.27%
FNMA NTS 00.540 % DUE 2,000,000.00 100.00 2,000,000.00 1,977,530.00 0.00 -22,470.00 -1.12% 10,800.00 0.55% 1.64%102725 DTD 102720 FC04272021
98.78 2.52%
FNMA NTS 00.560 % DUE 2,000,000.00 100.00 2,000,000.00 1,973,297.78 0.00 -26,702.22 -1.34% 11,200.00 0.57% 1.63%111725 DTD 111720 FC05172021
98.60 2.51%
FNMA NTS 04.125 % DUE 988,000.00 99.59 983,948.13 1,001,021.84 0.00 17,073.71 1.74% 40,755.00 4.07% 0.83%082825 DTD 083022 FC02282023
99.94 1.28%
FNMA NTS 04.300 % DUE 1,000,000.00 100.00 1,000,004.97 1,016,400.00 -0.29 16,395.03 1.64% 43,000.00 4.23% 0.84%030430 DTD 031225 FC09042025 100.35 1.29%
FNMA NTS 05.050 % DUE 1,000,000.00 100.00 1,000,000.00 1,002,531.11 0.00 2,531.11 0.25% 50,500.00 5.04% 0.83%062629 DTD 062824 FC12262024 100.20 1.28%
INTL FIN CORP NTS 00.500 2,000,000.00 100.00 2,000,000.00 1,974,990.00 0.00 -25,010.00 -1.25% 10,000.00 0.51% 1.63%% DUE 051526 DTD 052821FC 11152021
98.69 2.52%
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 966,124.81 0.00 -15,927.32 -1.62% 11,250.00 1.16% 0.80%10/31/26 DTD 10/31/21 FC04/30/22
96.43 1.23%
US TSY NOTE 03.500 % DUE 1,000,000.00 98.47 984,716.19 998,392.19 0.00 13,676.00 1.39% 35,000.00 3.51% 0.83%09/30/29 DTD 09/30/24 FC03/31/25
98.97 1.27%
US TSY NOTE 03.750 % DUE 1,000,000.00 98.65 986,458.38 1,000,733.77 0.00 14,275.39 1.45% 37,500.00 3.75% 0.83%05/31/30 DTD 05/31/23 FC11/30/23
99.77 1.27%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 13 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
Government
US TSY NOTE 03.875 % DUE 1,500,000.00 99.38 1,490,677.13 1,511,154.35 0.00 20,477.22 1.37% 58,125.00 3.85% 1.25%11/30/29 DTD 11/30/22 FC05/31/23 100.43 1.92%
US TSY NOTE 03.875 % DUE 1,017,000.00 97.76 994,218.09 1,021,169.70 0.00 26,951.61 2.71% 39,408.75 3.86% 0.85%12/31/29 DTD 12/31/22 FC06/30/23 100.41 1.30%
US TSY NOTE 04.000 % DUE 1,000,000.00 99.16 991,647.22 1,016,040.44 0.00 24,393.22 2.46% 40,000.00 3.94% 0.84%10/31/29 DTD 10/31/22 FC04/30/23 100.94 1.29%
US TSY NOTE 04.125 % DUE 1,000,000.00 98.38 983,770.88 1,020,977.64 0.00 37,206.76 3.78% 41,250.00 4.04% 0.84%10/31/29 DTD 10/31/24 FC04/30/25 101.41 1.30%
Total Government $46,585,593 $46,410,753 -$57.34 -$174,840 -0.38% $995,110 2.14% 59.11% 38.41%Corporate IG Credit ACCENTURE CAPITAL INC 1,000,000.00 97.76 977,635.25 1,002,935.00 0.00 25,299.75 2.59% 40,500.00 4.04% 0.83%04.050% 100429DTD100424 FC040425CALL@MW+10BP
99.33 1.28%
AMEREN ILL CO NTS B/E 1,500,000.00 99.67 1,494,995.25 1,495,590.00 0.00 594.75 0.04% 57,000.00 3.81% 1.24%03.800% 051528DTD052218 FC111518CALL@MW+15BP
99.23 1.91%
CHARLES SCHWAB CORP 470,000.00 94.17 442,604.25 455,496.06 0.00 12,891.81 2.91% 15,275.00 3.35% 0.38%B/E 03.250% 052229DTD052219 FC112219
96.57 0.58%
CHARLES SCHWAB CORP 2,000,000.00 99.49 1,989,860.00 1,957,250.00 0.00 -32,610.00 -1.64% 18,000.00 0.92% 1.62%NTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP
97.59 2.49%
E I DU PONT DE NEMOURS 2,141,000.00 100.04 2,141,757.60 2,155,155.58 -65,126.21 13,397.98 0.63% 36,397.00 1.69% 1.78%01.700% 071525DTD051520 FC011521CALL@MW+25BP
99.88 2.75%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 14 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
JOHN DEERE CPTL CORP 2,000,000.00 100.02 2,000,435.44 1,967,816.67 -3,471.17 -32,618.77 -1.63% 14,000.00 0.71% 1.63%00.700% 011526DTD010721 FC071521 MEDTERM NTS
98.07 2.51%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,168,194.67 0.00 -31,805.33 -2.65% 9,600.00 0.82% 0.97%00.800% 022626DTD022621 FC082621 MEDTERM NTS
97.07 1.49%
JPMORGAN CHASE & CO 500,000.00 99.92 499,615.25 520,083.94 0.00 20,468.69 4.10% 25,060.00 4.82% 0.43%NTS 05.012% 012330DTD012324 FC072324CALL@MW+20BP 101.83 0.66%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,932,975.00 0.00 -67,025.00 -3.35% 21,000.00 1.09% 1.60%01.050% 082726DTD082721 FC022722 MEDTERM NTS
96.29 2.46%
ONCOR ELEC DELIVERY CO 500,000.00 100.12 500,587.17 509,275.42 -39.10 8,688.25 1.74% 23,250.00 4.57% 0.42%04.650% 110129DTD111324 FC050125CALL@MW+10BP 101.09 0.65%
PACIFICORP B/E 03.500% 1,000,000.00 97.14 971,415.25 967,838.33 0.00 -3,576.92 -0.37% 35,000.00 3.62% 0.80%061529 DTD030119FC061519 CALL@MW+15BP
96.64 1.23%
ST STREET BK & TR CO NTS 1,000,000.00 99.84 998,380.50 1,025,854.83 0.00 27,474.33 2.75% 47,820.00 4.66% 0.85%04.782% 112329DTD112524 FC052325 B/E 102.09 1.31%
TOYOTA MOTOR CREDIT 500,000.00 99.82 499,085.25 503,301.81 0.00 4,216.56 0.84% 22,250.00 4.42% 0.42%CORP 04.450% 062929DTD063022 FC122922CALL@MW+20BP 100.65 0.64%
UNITED HEALTH GROUP INC 2,000,000.00 100.04 2,000,858.97 1,946,855.00 -3,909.14 -54,003.97 -2.70% 23,000.00 1.18% 1.61%01.150% 051526DTD051921 FC111521CALL@MW+07.50BP
97.20 2.48%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 15 of 35 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of June 30, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 06/30/2025
Price on
06/30/2025
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
UNITED HEALTH GROUP INC 1,000,000.00 98.46 984,595.25 993,030.00 0.00 8,434.75 0.86% 40,000.00 4.03% 0.82%04.000% 051529DTD052022 FC111522CALL@MW+20BP
98.80 1.26%
US BANCORP NTS B/E 1,000,000.00 99.40 993,985.50 1,006,370.00 0.00 12,384.50 1.25% 46,530.00 4.62% 0.83%04.653% 020129DTD020123 FC080123 100.64 1.28%
Total Corporate IG Credit $19,695,811 $19,608,022 -$72,545.62 -$87,789 -0.45% $474,682 2.42% 24.98% 16.23% Total US $78,847,476 $78,506,285 -$73,326.00 -$341,191 -0.43% $1,819,022 2.32% 100% 64.97% Total Fixed Income $78,847,476 $78,506,285 -$73,326.00 -$341,191 -0.43% $1,819,022 2.32% 100% 64.97%Total Portfolio $121,181,661 $120,840,470 -$341,191 -0.28% $2,742,350 2.27% 100% 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
portfolio
Total accrued interest (included in market values): $328,251.45(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 16 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025Summary of Bond HoldingsMaturityYear Yield to
maturity (%)
Yield to
worst (%)
Unrealized
Issues gain/loss ($) Mkt. value ($)
Est. annual
income ($)
Adjusted
cost basis ($)
Modified
duration
Current
Quantity yield (%) % of bond portfolio maturing
2025 19 15,687,000 156,657.50 1.01% 4.36% 4.36% 0.22 15,682,155.73 -122,692.91 15,603,110.89
19.90%
2026 30 27,365,000 330,110.00 1.24% 4.29% 4.29% 0.89 27,306,591.79 -614,256.29 26,757,409.57
34.14%
2027 11 9,175,000 197,046.50 2.21% 3.96% 3.96% 1.62 9,035,479.7 -119,509.05 8,972,509.71
11.40%
2028 9 3,434,000 144,314.00 4.21% 4.25% 3.71% 2.36 3,428,995.25 913.68 3,444,189.34
4.39%
2029 25 19,607,000 826,346.25 4.22% 4.24% 4.18% 3.53 19,421,289.47 159,501.73 19,692,629.88
25.05%
2030 6 3,990,000 164,547.50 4.11% 4.06% 4.02% 3.50 3,972,963.63 26,600.47 4,036,435.24
5.12%
2031 0 0 N/A N/A N/A2032 0 0 N/A N/A N/A2033 0 0 N/A N/A N/A2034 0 0 N/A N/A N/A2035 0 0 N/A N/A N/A2036 0 0 N/A N/A N/A2037 0 0 N/A N/A N/A2038 0 0 N/A N/A N/A2039 0 0 N/A N/A N/A2040 0 0 N/A N/A N/A2041 0 0 N/A N/A N/A2042 0 0 N/A N/A N/A2043 0 0 N/A N/A N/A2044 0 0 N/A N/A N/A2045 0 0 N/A N/A N/A2046 0 0 N/A N/A N/A2047 0 0 N/A N/A N/A2048 0 0 N/A N/A N/A2049 0 0 N/A N/A N/A2050 0 0 N/A N/A N/A2050 + 0 0 N/A N/A N/AOther 0 0 N/A N/A N/ATotal 100 79,258,000 $1,819,021.75 2.33% 4.23% 4.19% 1.79 $78,847,475.57 $-669,442.37 $78,506,284.65Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 17 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
Accr. interest ($)
Adjusted
cost basis ($)/
Unreal. g/l ($)
Call date/
Coupon Call price ($)
Modified
duration
YTM (%)/
Quantity YTW (%)
Effective
maturity
% of
bond
port.
Market
price ($)
4.23%4.19%
06/16/2027 N/A 1.79$78,847,475.57 N/A $78,178,033.20
$-669,442.37
79,258,000
2.33% $328,251.45
2.31% $1,819,021.75 100%
$78,506,284.65
Total Bond PortfolioDetails of Bond Holdings
Est. annual
income ($)/
Curr. yield (%)
Maturing 2025
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
2,141,000 2,141,757.60 99.882
16,681.96
1.70%
1.70% -3,283.98
07/15/2025 0.04 2,138,473.62 2.74%
4.50%
36,397.00 4.50%
NR/NR/NR
E I DU PONT DE NEMOURS A3/A/A01.700% 071525DTD051520 FC011521CALL@MW+25BP 1,000,000 998,500.00 99.763
2,180.56
0.50%
0.50% -870.00
07/23/2025 0.06 997,630.00 1.28%
4.21%
5,000.00 4.21%
NR/NR/NR
FHLMC MED TERM NTS Aa1/AA+/NR00.500 % DUE 072325 DTD072320 FC 01232021 245,000 245,000.00 99.682
0.00 0.55%
0.55% -779.10
07/30/2025 0.08 244,220.90 0.31%
4.43%
MEDALLION BK UT US RT 1,347.50 4.43%00.5500% MAT 07/30/25FIXED RATE CD /UT CD
1,000,000 999,950.00 99.530
1,888.89
0.50%
0.50% -4,650.00
08/14/2025 0.12 995,300.00 1.27%
4.36%
5,000.00 4.36%
NR/NR/NR
FNMA NTS 00.500 % DUE Aa1/AA+/AA+081425 DTD 081420 FC02142021 245,000 245,000.00 99.384
10.74 0.40%
0.40% -1,509.20
08/26/2025 0.15 243,490.80 0.31%
4.36%
COMMUNITY BK TN US RT 980.00 4.36%00.4000% MAT 08/26/25FIXED RATE CD /TN CD
245,000 245,000.00 99.362
5.37 0.40%
0.40% -1,563.10
08/28/2025 0.16 243,436.90 0.31%
4.37%
BANK3 TENNESSEE TN US RT 980.00 4.37%00.4000% MAT 08/28/25FIXED RATE CD /TN CD
988,000 983,948.13 99.943
13,585.00
4.13%
4.13% 3,488.71
08/28/2025 0.15 987,436.84 1.26%
4.42%
40,755.00 4.42%
NR/NR/NR
FNMA NTS 04.125 % DUE Aa1/AA+/AA+082825 DTD 083022 FC02282023 245,000 245,000.00 99.362
77.86 0.40%
0.40% -1,563.10
08/29/2025 0.16 243,436.90 0.31%
4.30%
HOME LN INVT BK RI US RT 980.00 4.30%00.4000% MAT 08/29/25FIXED RATE CD /RI CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 18 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 99.232
3,850.00
0.66%
0.67% -15,360.00
09/15/2025 0.20 1,984,640.00 2.54%
4.37%
13,200.00 4.37%
NR/NR/NR
FFCB BOND 00.660 % DUE Aa1/AA+/AA+091525 DTD 091521 FC03152022 245,000 245,000.00 99.096
21.48 0.40%
0.40% -2,214.80
09/22/2025 0.22 242,785.20 0.31%
4.35%
AMERICAN COMM BK GA 980.00 4.35%US RT 00.4000% MAT09/22/25 FIXED RATE CD /GA CD
108,000 108,000.00 99.077
103.56
0.35%
0.35% -996.84
09/22/2025 0.22 107,003.16 0.14%
4.40%
CHAMBERS BANK AK US RT 378.00 4.40%00.3500% MAT 09/22/25FIXED RATE CD /AK CD
245,000 245,000.00 99.023
3.36 0.50%
0.50% -2,393.65
09/29/2025 0.24 242,606.35 0.31%
4.46%
USALLIANCE FED CRE NY US 1,225.00 4.46%RT 00.5000% MAT 09/29/25FIXED RATE CD /NY CD
245,000 245,000.00 99.064
427.58
0.70%
0.71% -2,293.20
09/30/2025 0.24 242,706.80 0.31%
4.45%
JPMORGAN CHASE BK OH 1,715.00 4.45%US RT 00.7000% MAT09/30/25 FIXED RATE CD /OH CD
245,000 245,000.00 100.007
302.05
4.50%
4.50% 17.15
10/20/2025 07/20/2025 0.05 245,017.15 0.31%
4.37%4.48%
100.00
GREAT STHN BK MO US RT 11,025.0004.5000% MAT 10/20/25FIXED RATE CD /MO CD
245,000 245,000.00 98.772
28.19 0.60%
0.61% -3,008.60
10/23/2025 07/23/2025 0.31 241,991.40 0.31%
4.53%4.53%
100.00
TEXAS EXCHANGE BK TX US 1,470.00RT 00.6000% MAT 10/23/25FIXED RATE CD /TX CD
2,000,000 2,000,000.00 98.782
1,890.00
0.54%
0.55% -24,360.00
10/27/2025 0.32 1,975,640.00 2.53%
4.34%
10,800.00 4.34%
NR/NR/NR
FNMA NTS 00.540 % DUE Aa1/AA+/AA+102725 DTD 102720 FC04272021 2,000,000 2,000,000.00 98.598
1,337.78
0.56%
0.57% -28,040.00
11/17/2025 0.37 1,971,960.00 2.52%
4.30%
11,200.00 4.30%
NR/NR/NR
FNMA NTS 00.560 % DUE Aa1/AA+/AA+111725 DTD 111720 FC05172021 2,000,000 2,000,000.00 98.547
1,200.00
0.60%
0.61% -29,060.00
11/24/2025 0.39 1,970,940.00 2.52%
4.29%
12,000.00 4.29%
NR/NR/NR
FFCB BOND 00.600 % DUE Aa1/AA+/AA+112425 DTD 112420 FC05242021 245,000 245,000.00 98.264
53.70 0.50%
0.51% -4,253.20
12/15/2025 0.45 240,746.80 0.31%
4.35%
BK HAPOALIM BM NY US RT 1,225.00 4.35%00.5000% MAT 12/15/25FIXED RATE CD /NY CD
Total 2025 15,687,000 1.00% 09/24/2025 $156,657.50
1.01%
4.36%4.36%
0.22$15,682,155.73
$-122,692.91
$15,559,462.82
$43,648.07
19.90%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 19 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,435.44 98.070
6,416.67
0.70%
0.71% -39,035.44
01/15/2026 0.52 1,961,400.00 2.51%
4.34%
14,000.00 4.34%
NR/NR/NR
JOHN DEERE CPTL CORP A1/A+/A00.700% 011526DTD010721 FC071521 MEDTERM NTS 245,000 245,000.00 100.010
4,222.05
4.25%
4.25% 24.50
02/02/2026 0.57 245,024.50 0.31%
4.22%
MORGAN STANLEY BK UT US 10,412.50 4.22%RT 04.2500% MAT 02/02/26FIXED RATE CD /UT CD
1,200,000 1,200,000.00 97.074
3,306.67
0.80%
0.82% -35,112.00
02/26/2026 0.63 1,164,888.00 1.49%
5.40%
9,600.00 5.40%
NR/NR/NR
JPMORGAN CHASE & CO A1/AA-/A00.800% 022626DTD022621 FC082621 MEDTERM NTS 245,000 245,000.00 99.800
3,545.45
3.80%
3.81% -490.00
03/11/2026 07/11/2025 0.67 244,510.00 0.31%
4.08%4.08%
100.00
CFG COMMUNITY BANK MD 9,310.00US RT 03.8000% MAT03/11/26 FIXED RATE CD/MD CD
2,000,000 1,989,860.00 97.590
5,450.00
0.90%
0.92% -38,060.00
03/11/2026 02/11/2026 0.67 1,951,800.00 2.50%
4.45%4.45%
100.00
18,000.00
NR/NR/NR
CHARLES SCHWAB CORP A2/A/ANTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP 245,000 245,000.00 97.646
64.44 0.80%
0.82% -5,767.30
03/18/2026 09/18/2025 0.70 239,232.70 0.31%
4.16%4.16%
100.00
BMO HARRIS BK NA IL US RT 1,960.0000.8000% MAT 03/18/26FIXED RATE CD /IL CD
245,000 245,000.00 100.665
338.97
5.05%
5.02% 1,629.25
03/20/2026 0.70 246,629.25 0.32%
4.11%
AFFINITY PLUS MN US RT 12,372.50 4.11%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE/MN CD
245,000 245,000.00 100.629
335.62
5.00%
4.97% 1,541.05
03/20/2026 0.70 246,541.05 0.32%
4.11%
VALLEYSTAR CR UN M VA 12,250.00 4.11%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE /VA CD
245,000 245,000.00 100.649
973.29
5.00%
4.97% 1,590.05
03/23/2026 0.71 246,590.05 0.32%
4.09%
TECHNOLOGY CREDIT CA US 12,250.00 4.09%RT 05.0000% MAT 03/23/26CREDIT UNION SHARE CERT/CA CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 20 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.582
3,289.04
5.00%
4.97% 1,425.90
03/24/2026 0.70 246,425.90 0.32%
4.17%
CIBC BANK ILLINOIS IL US RT 12,250.00 4.17%05.0000% MAT 03/24/26FIXED RATE CD /IL CD
245,000 245,000.00 97.672
585.99
0.90%
0.92% -5,703.60
03/25/2026 0.71 239,296.40 0.31%
4.14%
STATE BANK OF INDI NY US 2,205.00 4.14%RT 00.9000% MAT 03/25/26FIXED RATE CD /NY CD
2,000,000 2,000,000.00 97.691
5,250.00
1.05%
1.07% -46,180.00
03/30/2026 N/A 1,953,820.00 2.50%
N/A
21,000.00 N/A
NR/NR/NR
FHLB NTS 1.0500% DUE Aa1/NR/AA+033026 DTD 033021 FC09302021 245,000 245,000.00 97.680
0.00 0.95%
0.97% -5,684.00
03/31/2026 06/30/2025 N/A 239,316.00 0.31%
N/AN/A
100.00
BANKUNITED NA FLOR FL US 2,327.50RT 00.9500% MAT 03/31/26FIXED RATE CD /FL CD
245,000 245,000.00 97.553
184.92
0.95%
0.97% -5,995.15
04/16/2026 0.78 239,004.85 0.31%
4.09%
GREENSTATE CREDIT IA US 2,327.50 4.09%RT 00.9500% MAT 04/16/26FIXED RATE CD /IA CD
245,000 245,000.00 97.462
416.84
0.90%
0.92% -6,218.10
04/22/2026 0.79 238,781.90 0.31%
4.11%
TOYOTA FINL SVG BK NV US 2,205.00 4.11%RT 00.9000% MAT 04/22/26FIXED RATE CD /NV CD
2,000,000 2,000,000.00 98.687
1,250.00
0.50%
0.51% -26,260.00
05/15/2026 11/15/2025 N/A 1,973,740.00 2.52%
N/AN/A
100.00
10,000.00
NR/NR/NR
INTL FIN CORP NTS 00.500 % Aaa/NR/AAADUE 051526 DTD 052821 FC11152021 2,000,000 2,000,858.97 97.199
2,875.00
1.15%
1.18% -56,878.97
05/15/2026 04/15/2026 0.85 1,943,980.00 2.49%
4.45%4.45%
100.00
23,000.00
NR/NR/NR
UNITED HEALTH GROUP INC A2/A/A+01.150% 051526DTD051921 FC111521CALL@MW+07.50BP 245,000 245,000.00 96.997
79.88 0.85%
0.88% -7,357.35
06/16/2026 12/16/2025 0.95 237,642.65 0.30%
4.04%4.04%
100.00
UBS BANK UT US RT 2,082.5000.8500% MAT 06/16/26FIXED RATE CD /UT CD
245,000 245,000.00 99.534
0.00 3.55%
3.57% -1,141.70
06/30/2026 06/30/2025 0.97 243,858.30 0.31%
4.03%4.03%
100.00
ALLY BK UT US RT 03.5500% 8,697.50MAT 06/30/26 FIXED RATECD /UT CD
2,000,000 2,000,000.00 98.381
0.00 1.00%
1.02% -32,380.00
06/30/2026 06/30/2025 N/A 1,967,620.00 2.52%
N/AN/A
100.00
20,000.00
NR/NR/NR
FHLB BOND STEP-UP Aa1/NR/AA+1.5000% DUE 063026 DTD063021 FC 12302021Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 21 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 97.697
0.00 1.50%
1.54% -46,060.00
06/30/2026 N/A 1,953,940.00 2.50%
N/A
30,000.00 N/A
NR/NR/NR
FHLB NTS 1.5000% DUE Aa1/NR/AA+063026 DTD 063021 FC12302021 245,000 245,000.00 96.763
0.00 0.70%
0.72% -7,930.65
07/01/2026 0.97 237,069.35 0.30%
4.03%
NEW YORK CMNTY BK NY 1,715.00 4.03%US RT 00.7000% MAT07/01/26 FIXED RATE CD /NY CD
1,000,000 968,385.25 96.793
3,995.83
1.05%
1.08% -455.25
08/13/2026 07/13/2025 1.08 967,930.00 1.24%
4.01%4.01%
100.00
10,500.00
NR/NR/NR
FHLB BOND 01.050 % DUE Aa1/NR/AA+081326 DTD 081321 FC02132022 245,000 245,000.00 96.482
155.73
0.80%
0.83% -8,619.10
08/13/2026 1.11 236,380.90 0.30%
4.02%
LIVE OAK BKG CO NC US RT 1,960.00 4.02%00.8000% MAT 08/13/26FIXED RATE CD /NC CD
2,000,000 2,000,000.00 96.857
7,922.22
1.15%
1.19% -62,860.00
08/26/2026 N/A 1,937,140.00 2.48%
N/A
23,000.00 N/A
NR/NR/NR
FHLB NTS 1.1500% DUE Aa1/NR/AA+082626 DTD 082621 FC02262022 2,000,000 2,000,000.00 96.290
7,175.00
1.05%
1.09% -74,200.00
08/27/2026 08/27/2025 1.12 1,925,800.00 2.46%
4.37%4.37%
100.00
21,000.00
NR/NR/NR
MORGAN STANLEY FIN LLC A1/A+/A01.050% 082726DTD082721 FC022722 MEDTERM NTS 2,000,000 2,000,000.00 96.438
4,804.44
0.94%
0.97% -71,240.00
09/28/2026 1.21 1,928,760.00 2.47%
3.90%
18,800.00 3.90%
NR/NR/NR
FFCB NTS 00.940 % DUE Aa1/AA+/AA+092826 DTD 092821 FC03282022 1,000,000 982,052.13 96.426
1,864.81
1.13%
1.17% -17,792.13
10/31/2026 1.30 964,260.00 1.23%
3.90%
11,250.00 3.90%
NR/NR/NR
US TSY NOTE 01.125 % DUE NR/AA+/NR10/31/26 DTD 10/31/21 FC04/30/22 245,000 245,000.00 96.113
285.61
1.15%
1.20% -9,523.15
11/24/2026 1.36 235,476.85 0.30%
4.02%
CAPITAL ONE BK USA VA US 2,817.50 4.02%RT 01.1500% MAT 11/24/26FIXED RATE CD /VA CD
245,000 245,000.00 96.113
285.61
1.15%
1.20% -9,523.15
11/24/2026 1.36 235,476.85 0.30%
4.02%
CAPITAL ONE NA VA US RT 2,817.50 4.02%01.1500% MAT 11/24/26FIXED RATE CD /VA CD
Total 2026 27,365,000 1.21% 06/05/2026 $330,110.00
1.24%
4.29%4.29%
0.89$27,306,591.79
$-614,256.29
$26,692,335.50
$65,074.07
34.14%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 22 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 96.897
15,742.22
1.84%
1.90% -62,060.00
01/26/2027 1.51 1,937,940.00 2.48%
3.89%
36,800.00 3.89%
NR/NR/NR
FFCB BOND 01.840 % DUE Aa1/AA+/AA+012627 DTD 012622 FC07262022 2,000,000 2,000,000.00 96.604
13,844.44
1.78%
1.84% -67,920.00
02/10/2027 08/10/2025 1.55 1,932,080.00 2.47%
3.98%3.98%
100.00
35,600.00
NR/NR/NR
FHLB BOND 01.780 % DUE Aa1/NR/AA+021027 DTD 021022 FC08102022 245,000 245,000.00 96.370
330.92
1.70%
1.76% -8,893.50
02/18/2027 1.61 236,106.50 0.30%
3.99%
METRO CREDIT UNION MA 4,165.00 3.99%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 96.382
136.93
1.70%
1.76% -8,864.10
02/18/2027 1.61 236,135.90 0.30%
3.98%
PENTAGON FED CREDI VA US 4,165.00 3.98%RT 01.7000% MAT 02/18/27CREDIT UNION SHARE CERT/VA CD
3,215,000 3,075,098.40 96.895
22,438.02
2.01%
2.07% 40,075.85
02/25/2027 08/25/2025 1.59 3,115,174.25 3.98%
3.97%3.97%
100.00
64,621.50
NR/NR/NR
FHLB BOND 02.010 % DUE Aa1/NR/AA+022527 DTD 022522 FC08252022 245,000 245,381.30 96.777
1,610.96
2.00%
2.07% -8,277.65
03/02/2027 1.61 237,103.65 0.30%
4.01%
EAGLEMARK SVGS BK NV US 4,900.00 4.01%RT 02.0000% MAT 03/02/27FIXED RATE CD /NV CD
245,000 245,000.00 98.549
794.74
3.20%
3.25% -3,554.95
05/24/2027 1.81 241,445.05 0.31%
4.00%
DISCOVER BANK DE US RT 7,840.00 4.00%03.2000% MAT 05/24/27FIXED RATE CD /DE CD
245,000 245,000.00 101.368
473.22
4.70%
4.64% 3,351.60
06/15/2027 1.86 248,351.60 0.32%
3.97%
ESSENTIAL FED CRED LA US 11,515.00 3.97%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE /LA CD
245,000 245,000.00 98.641
327.23
3.25%
3.29% -3,329.55
06/15/2027 1.89 241,670.45 0.31%
3.97%
LAFAYETTE FED CRED MD US 7,962.50 3.97%RT 03.2500% MAT 06/15/27LICU SHARE CERTIFICATE/MD CD
245,000 245,000.00 99.716
620.22
3.85%
3.86% -695.80
11/08/2027 2.24 244,304.20 0.31%
3.98%
FARMERS & MERCHANT WI 9,432.50 3.98%US RT 03.8500% MAT11/08/27 FIXED RATE CD /WI CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 23 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.269
220.16
4.10%
4.09% 659.05
11/22/2027 2.27 245,659.05 0.31%
3.98%
WORKERS CREDIT UNI MA 10,045.00 3.98%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE /MA CD
Total 2027 9,175,000 2.16% 03/10/2027 $197,046.50
2.21%
3.96%3.96%
1.62 $9,035,479.70
$-119,509.05
$8,915,970.65
$56,539.06
11.40%
Maturing 2028
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 99.992
2,792.33
4.00%
4.00% -19.60
03/20/2028 2.52 244,980.40 0.31%
4.00%
GOLDMAN SACHS BANK NY 9,800.00 4.00%US RT 04.0000% MAT03/20/28 FIXED RATE CD /NY CD
245,000 245,000.00 99.818
256.75
4.25%
4.26% -445.90
03/21/2028 03/21/2026 2.56 244,554.10 0.31%
4.32%4.32%
100.00
AMER NATL BK OMA NE US 10,412.50RT 04.2500% MAT 03/21/28FIXED RATE CD /NE CD
245,000 245,000.00 100.504
906.16
5.00%
4.97% 1,234.80
04/03/2028 04/03/2026 0.74 246,234.80 0.31%
4.32%4.80%
100.00
ARBOR FINL CREDIT MI US RT 12,250.0005.0000% MAT 04/03/28FIXED RATE CD /MI CD
245,000 245,000.00 99.927
0.00 4.30%
4.30% -178.85
04/28/2028 10/30/2025 2.65 244,821.15 0.31%
4.33%4.33%
100.00
DIVERSIFIED MEMBER MI US 10,535.00RT 04.3000% MAT 04/28/28LICU SHARE CERTIFICATE /MI CD
245,000 245,000.00 99.745
759.16
3.90%
3.91% -624.75
05/01/2028 2.67 244,375.25 0.31%
4.00%
USF FED CREDIT UNI FL US RT 9,555.00 4.00%03.9000% MAT 05/01/28LICU SHARE CERTIFICATE /FL CD
1,500,000 1,494,995.25 99.231
7,125.00
3.80%
3.83% -6,530.25
05/15/2028 02/15/2028 2.68 1,488,465.00 1.90%
4.08%4.08%
100.00
57,000.00
NR/NR/NR
AMEREN ILL CO NTS B/E A1/WD/A03.800% 051528DTD052218 FC111518CALL@MW+15BP 245,000 245,000.00 100.274
569.21
5.30%
5.29% 671.30
07/14/2028 07/14/2025 0.03 245,671.30 0.31%
-1.83%
5.20%
100.00
CY-FAIR FED CREDIT TX US 12,985.00RT 05.3000% MAT 07/14/28FIXED RATE CD /TX CD
245,000 245,000.00 102.857
436.30
5.00%
4.86% 6,999.65
07/17/2028 2.82 251,999.65 0.32%
4.00%
NEW ORLEANS FIREME LA US 12,250.00 4.00%RT 05.0000% MAT 07/17/28FIXED RATE CD /LA CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 24 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2028 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
219,000 219,000.00 99.912
1,435.50
4.35%
4.35% -192.72
11/06/2028 11/06/2025 3.07 218,807.28 0.28%
4.38%4.38%
100.00
FIRST GTY BK HAMMO LA US 9,526.50RT 04.3500% MAT 11/06/28FIXED RATE CD /LA CD
Total 2028 3,434,000 4.21% 05/22/2028 $144,314.00
4.21%
4.25%3.71%
2.36 $3,428,995.25
$913.68
$3,429,908.93
$14,280.41
4.39%
Maturing 2029
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 243,750.40 99.254
459.12
3.80%
3.83% -578.10
01/12/2029 3.29 243,172.30 0.31%
4.03%
GUARANTY BK MO US RT 9,310.00 4.03%03.8000% MAT 01/12/29FIXED RATE CD /MO CD
1,000,000 993,985.50 100.637
0.00 4.65%
4.62% 12,384.50
02/01/2029 02/01/2028 N/A 1,006,370.00 1.29%
N/AN/A
100.00
46,530.00
NR/NR/NR
US BANCORP NTS B/E A3/A/A04.653% 020129DTD020123 FC080123 245,000 244,987.75 100.233
660.49
4.10%
4.09% 583.10
02/06/2029 3.33 245,570.85 0.31%
4.03%
WELLS FARGO BK NA SD US 10,045.00 4.03%RT 04.1000% MAT 02/06/29FIXED RATE CD /SD CD
245,000 244,755.00 100.075
753.12
5.10%
5.10% 428.75
03/08/2029 07/08/2025 0.02 245,183.75 0.31%
1.67%5.08%
100.00
EATON CMNTY BK MI US RT 12,495.0005.1000% MAT 03/08/29FIXED RATE CD /MI CD
1,000,000 1,000,004.89 99.618
12,525.00
4.18%
4.19% -3,824.89
03/12/2029 03/12/2027 3.35 996,180.00 1.27%
4.29%4.29%
100.00
41,750.00
NR/NR/NR
FEDERAL HOME LN BANK Aa1/NR/AA+NTS 04.175 % DUE 031229DTD 031225 FC 09122025 1,000,000 999,955.25 99.885
7,916.67
4.75%
4.76% -1,105.25
04/30/2029 07/30/2025 3.44 998,850.00 1.28%
4.78%4.78%
100.00
47,500.00
NR/NR/NR
FEDERAL FARM CREDIT Aa1/AA+/AA+04.750 % DUE 043029 DTD043025 FC 10302025 650,000 648,380.25 99.598
4,333.33
4.00%
4.02% -993.25
04/30/2029 04/30/2026 3.49 647,387.00 0.83%
4.11%4.11%
100.00
26,000.00
NR/NR/NR
FHLMC NTS 04.000 % DUE Aa1/AA+/AA+043029 DTD 043025 FC10302025 1,000,000 984,595.25 98.803
5,000.00
4.00%
4.05% 3,434.75
05/15/2029 03/15/2029 3.53 988,030.00 1.26%
4.34%4.34%
100.00
40,000.00
NR/NR/NR
UNITED HEALTH GROUP INC A2/A/A+04.000% 051529DTD052022 FC111522CALL@MW+20BPIncludes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 25 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2029 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
470,000 442,604.25 96.571
1,612.36
3.25%
3.37% 11,279.45
05/22/2029 02/22/2029 3.59 453,883.70 0.58%
4.21%4.21%
100.00
15,275.00
NR/NR/NR
CHARLES SCHWAB CORP B/E A2/A/A03.250% 052229DTD052219 FC112219 1,000,000 971,415.25 96.638
1,458.33
3.50%
3.62% -5,035.25
06/15/2029 03/15/2029 3.63 966,380.00 1.24%
4.44%4.44%
100.00
35,000.00
NR/NR/NR
PACIFICORP B/E 03.500% A2/NR/A061529 DTD030119FC061519 CALL@MW+15BP 1,000,000 1,000,000.00 100.197
561.11
5.05%
5.04% 1,970.00
06/26/2029 12/26/2025 0.47 1,001,970.00 1.28%
4.64%4.99%
100.00
50,500.00
NR/NR/NR
FNMA NTS 05.050 % DUE Aa1/AA+/AA+062629 DTD 062824 FC12262024 500,000 499,085.25 100.648
61.81 4.45%
4.42% 4,154.75
06/29/2029 3.62 503,240.00 0.64%
4.27%
22,250.00 4.27%
NR/NR/NR
TOYOTA MOTOR CREDIT A1/A+/A+CORP 04.450% 062929DTD063022 FC122922CALL@MW+20BP 245,000 240,222.50 98.218
2,343.95
3.60%
3.67% 411.60
09/25/2029 3.85 240,634.10 0.31%
4.06%
AMER EXPRESS NATL UT US 8,820.00 4.06%RT 03.6000% MAT 09/25/29FIXED RATE CD /UT CD
1,000,000 984,716.19 98.969
8,702.19
3.50%
3.54% 4,973.81
09/30/2029 3.87 989,690.00 1.27%
3.76%
35,000.00 3.76%
NR/NR/NR
US TSY NOTE 03.500 % DUE Aa1/AA+/AA+09/30/29 DTD 09/30/24 FC03/31/25 1,500,000 1,498,850.25 99.928
17,132.50
4.62%
4.62% 69.75
10/01/2029 3.77 1,498,920.00 1.92%
4.64%
69,300.00 4.64%
NR/NR/NR
FFCB BOND 04.620 % DUE Aa1/AA+/AA+100129 DTD 100124 FC04012025 1,000,000 977,635.25 99.326
9,675.00
4.05%
4.08% 15,624.75
10/04/2029 09/04/2029 3.83 993,260.00 1.27%
4.22%4.22%
100.00
40,500.00
NR/NR/NR
ACCENTURE CAPITAL INC Aa3/A+/AA04.050% 100429DTD100424 FC040425CALL@MW+10BP 1,000,000 997,555.25 99.430
9,635.42
4.63%
4.65% -3,255.25
10/15/2029 3.81 994,300.00 1.27%
4.77%
46,250.00 4.77%
NR/NR/NR
FHLB NTS 04.625 % DUE Aa1/NR/AA+101529 DTD 101524 FC04152025 1,000,000 991,647.22 100.941
6,630.44
4.00%
3.96% 17,762.78
10/31/2029 3.92 1,009,410.00 1.29%
3.76%
40,000.00 3.76%
NR/NR/NR
US TSY NOTE 04.000 % DUE Aa1/AA+/AA+10/31/29 DTD 10/31/22 FC04/30/23 1,000,000 983,770.88 101.414
6,837.64
4.13%
4.07% 30,369.12
10/31/2029 3.91 1,014,140.00 1.30%
3.77%
41,250.00 3.77%
NR/NR/NR
US TSY NOTE 04.125 % DUE Aa1/AA+/AA+10/31/29 DTD 10/31/24 FC04/30/25Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 26 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2029 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
500,000 500,587.17 101.093
3,810.42
4.65%
4.60% 4,877.83
11/01/2029 10/01/2029 3.78 505,465.00 0.65%
4.36%4.37%
100.00
23,250.00
NR/NR/NR
ONCOR ELEC DELIVERY CO A2/A/A+04.650% 110129DTD111324 FC050125CALL@MW+10BP 245,000 244,510.00 99.952
1,087.40
4.05%
4.05% 372.40
11/21/2029 3.97 244,882.40 0.31%
4.06%
SALLIE MAE BANK UT US RT 9,922.50 4.06%04.0500% MAT 11/21/29FIXED RATE CD /UT CD
1,000,000 998,380.50 102.094
4,914.83
4.78%
4.68% 22,559.50
11/23/2029 3.92 1,020,940.00 1.31%
4.25%
47,820.00 4.25%
NR/NR/NR
ST STREET BK & TR CO NTS Aa2/AA/AA04.782% 112329DTD112524 FC052325 B/E 245,000 245,000.00 100.152
963.22
4.10%
4.09% 372.40
11/26/2029 3.98 245,372.40 0.31%
4.06%
STATE BK IL US RT 04.1000% 10,045.00 4.06%MAT 11/26/29 FIXED RATECD /IL CD
1,500,000 1,490,677.13 100.426
4,764.35
3.88%
3.86% 15,712.87
11/30/2029 4.01 1,506,390.00 1.93%
3.77%
58,125.00 3.77%
NR/NR/NR
US TSY NOTE 03.875 % DUE Aa1/AA+/NR11/30/29 DTD 11/30/22 FC05/31/23 1,017,000 994,218.09 100.410
0.00 3.88%
3.86% 26,951.61
12/31/2029 4.09 1,021,169.70 1.31%
3.78%
39,408.75 3.78%
NR/NR/NR
US TSY NOTE 03.875 % DUE Aa1/AA+/AA+12/31/29 DTD 12/31/22 FC06/30/23 Total 2029 19,607,000 4.22% 08/13/2029 $826,346.25
4.22%
4.24%4.18%
3.53$19,421,289.47
$159,501.73
$19,580,791.20
$111,838.68
25.05%
Maturing 2030
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
500,000 499,615.25 101.831
10,928.94
5.01%
4.92% 9,539.75
01/23/2030 01/23/2029 3.17 509,155.00 0.65%
4.45%4.56%
100.00
25,060.00
NR/NR/NR
JPMORGAN CHASE & CO A1/AA-/ANTS 05.012% 012330DTD012324 FC072324CALL@MW+20BP 245,000 244,938.75 98.470
55.04 4.10%
4.16% -3,687.25
02/27/2030 02/28/2026 4.23 241,251.50 0.31%
4.46%4.46%
100.00
TRUXTON TR CO NASH TN 10,045.00US RT 04.1000% MAT02/27/30 FIXED RATE CD /TN CD
1,000,000 1,000,004.97 100.350
12,900.00
4.30%
4.29% 3,495.03
03/04/2030 03/04/2027 1.58 1,003,500.00 1.28%
4.08%4.22%
100.00
43,000.00
NR/NR/NR
FNMA NTS 04.300 % DUE Aa1/AA+/AA+030430 DTD 031225 FC09042025Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 27 of 35 Consolidated report prepared for City of Glendora
Bond Holdingsas of June 30, 2025 (continued)Maturing 2030 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 1,001,420.37 100.729
9,888.89
4.00%
3.97% 5,869.63
04/01/2030 4.25 1,007,290.00 1.29%
3.83%
40,000.00 3.83%
NR/NR/NR
FFCB BOND 04.000 % DUE Aa1/AA+/AA+040130 DTD 040125 FC10012025 245,000 240,525.91 98.248
24.50 3.65%
3.72% 181.69
04/29/2030 4.41 240,707.60 0.31%
4.05%
CELTIC BK UT US RT 8,942.50 4.05%03.6500% MAT 04/29/30FIXED RATE CD /UT CD
1,000,000 986,458.38 99.766
3,073.77
3.75%
3.76% 11,201.62
05/31/2030 4.43 997,660.00 1.28%
3.80%
37,500.00 3.80%
NR/NR/NR
US TSY NOTE 03.750 % DUE Aa1/AA+/AA+05/31/30 DTD 05/31/23 FC11/30/23 Total 2030 3,990,000 4.13% 03/31/2030 $164,547.50
4.11%
4.06%4.02%
3.50 $3,972,963.63
$26,600.47
$3,999,564.10
$36,871.14
5.12%
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
Accr. interest ($)
Adjusted
cost basis ($)/
Unreal. g/l ($)
Call date/
Coupon Call price ($)
Modified
duration
YTM (%)/
YTW (%)
Est. annual
income ($)/
Quantity Curr. yield (%)
Effective
maturity
% of
bond
port.
Market
price ($)
4.23%4.19%
06/16/2027 N/A 1.79$78,847,475.57 N/A $78,178,033.20
$-669,442.37
79,258,000
2.33% $328,251.45 Total Bond Portfolio 2.31% $1,819,021.75 100% $78,506,284.65
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: July 07, 2025 Page 28 of 35 Important Information About This Report Disclosures Applicable to Accounts at UBS Financial Services Inc.
This section contains important disclosures regarding the information and valuations presented here. Allinformation presented is subject to change at any time and is provided only as of the date indicated. Theinformation in this report is for informational purposes only and should not be relied upon as the basis of aninvestment or liquidation decision. UBS FS account statements and official tax documents are the only officialrecord of your accounts and are not replaced, amended or superseded by any of the information presented inthese reports. You should not rely on this information in making purchase or sell decisions, for tax purposes orotherwise.UBS FS offers a number of investment advisory programs to clients, acting in our capacity as an investmentadviser, including fee-based financial planning, discretionary account management, non-discretionary investmentadvisory programs, and advice on the selection of investment managers and mutual funds offered through ourinvestment advisory programs. When we act as your investment adviser, we will have a written agreement withyou expressly acknowledging our investment advisory relationship with you and describing our obligations toyou. At the beginning of our advisory relationship, we will give you our Form ADV brochure(s) for the program(s)you selected that provides detailed information about, among other things, the advisory services we provide, ourfees, our personnel, our other business activities and financial industry affiliations and conflicts between ourinterests and your interests.In our attempt to provide you with the highest quality information available, we have compiled this report usingdata obtained from recognized statistical sources and authorities in the financial industry. While we believe thisinformation to be reliable, we cannot make any representations regarding its accuracy or completeness. Pleasekeep this guide as your Advisory Review.Please keep in mind that most investment objectives are long term. Although it is important to evaluate yourportfolio's performance over multiple time periods, we believe the greatest emphasis should be placed on thelonger period returns.Please review the report content carefully and contact your Financial Advisor with any questions.Client Accounts: This report may include all assets in the accounts listed and may include eligible and ineligibleassets in a fee-based program. Since ineligible assets are not considered fee-based program assets, the inclusionof such securities will distort the actual performance of your accounts and does not reflect the performance ofyour accounts in the fee-based program. As a result, the performance reflected in this report can varysubstantially from the individual account performance reflected in the performance reports provided to you aspart of those programs. For fee-based programs, fees are charged on the market value of eligible assets in theaccounts and assessed quarterly in advance, prorated according to the number of calendar days in the billingperiod. When shown on a report, the risk profile and return objectives describe your overall goals for theseaccounts. For each account you maintain, you choose one return objective and a primary risk profile. If you havequestions regarding these objectives or wish to change them, please contact your Financial Advisor to updateyour account records.Performance: This report presents account activity and performance depending on which inception type you'vechosen. The two options are: (1) All Assets (Since Performance Start): This presents performance for all assetssince the earliest possible date; (2) Advisory Assets (Advisory Strategy Start) for individual advisory accounts: Thispresents Advisory level performance since the Latest Strategy Start date; If an account that has never beenmanaged is included in the consolidated report, the total performance of that unmanaged account will beincluded since inception.
Time-weighted Returns for accounts / SWP/AAP sleeves (Monthly periods): The report displays a timeweighted rate of return (TWR) that is calculated using the Modified Dietz Method. This calculation uses thebeginning and ending portfolio values for the month and weighs each contribution/withdrawal based upon theday the cash flow occurred. Periods greater than one month are calculated by linking the monthly returns. TheTWR gives equal weighting to every return regardless of amount of money invested, so it is an effective measurefor returns on a fee based account. All periods shown which are greater than 12 months are annualized. Thisapplies to all performance for all assets before 09/30/2010, Advisory assets before 12/31/2010 and SWP sleevesbefore 04/30/2018.Time-weighted Returns for accounts / SWP/AAP sleeves (Daily periods): The report displays a timeweighted rate of return (TWR) that is calculated by dividing the portfolio's daily gain/loss by the previous day'sclosing market value plus the net value of cash flows that occurred during the day, if it was positive. The TWRgives equal weighting to every return regardless of amount of money invested, so it is an effective measure forreturns on a fee based account. Periods greater than one day are calculated by linking the daily returns. Allperiods shown which are greater than 12 months are annualized. For reports generated prior to 01/26/2018, theperformance calculations used the account's end of day value on the performance inception (listed in the reportunder the column "ITD") and all cash flows were posted at end of day. As a result of the change, the overallrate of return (TWR) and beginning market value displayed can vary from prior generated reports. This applies toall performance for all assets on or after 09/30/2010, Advisory assets on or after 12/31/2010, SWP/AAP sleeveson or after 04/30/2018 as well as all Asset Class and Security level returns.Money-weighted returns: Money-weighted return (MWR) is a measure of the rate of return for an asset orportfolio of assets. It is calculated by finding the daily Internal Rate of Return (IRR) for the period and thencompounding this return by the number of days in the period being measured. The MWR incorporates the sizeand timing of cash flows, so it is an effective measure of returns on a portfolio.Annualized Performance: All performance periods greater than one year are calculated (unless otherwisestated) on an annualized basis, which represents the return on an investment multiplied or divided to give acomparable one year return.Cumulative Performance: A cumulative return is the aggregate amount that an investment has gained or lostover time, independent of the period of time involved.Net of Fees and Gross of Fees Performance: Performance is presented on a "net of fees" and "gross offees" basis, where indicated. Net returns do not reflect Program and wrap fees prior to 10/31/10 for accountsthat are billed separately via invoice through a separate account billing arrangement. Gross returns do not reflectthe deduction of fees, commissions or other charges. The payment of actual fees and expenses will reduce aclient's return. The compound effect of such fees and expenses should be considered when reviewing returns.For example, the net effect of the deduction of fees on annualized performance, including the compoundedeffect over time, is determined by the relative size of the fee and the account's investment performance. Itshould also be noted that where gross returns are compared to an index, the index performance also does notreflect any transaction costs, which would lower the performance results. Market index data maybe subject toreview and revision.Benchmark/Major Indices: The past performance of an index is not a guarantee of future results. Anybenchmark is shown for informational purposes only and relates to historical performance of market indices andnot the performance of actual investments. Although most portfolios use indices as benchmarks, portfolios areactively managed and generally are not restricted to investing only in securities in the index. As a result, your Report created on: July 07, 2025 Page 29 of 35
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) portfolio holdings and performance may vary substantially from the index. Each index reflects an unmanageduniverse of securities without any deduction for advisory fees or other expenses that would reduce actualreturns, as well as the reinvestment of all income and dividends. An actual investment in the securities includedin the index would require an investor to incur transaction costs, which would lower the performance results.Indices are not actively managed and investors cannot invest directly in the indices. Market index data maybesubject to review and revision. The benchmark index is selected from among the indices for which UBSFS haslicensing agreements with the index provider. UBSFS does not have licensing agreements for all available indices.The benchmarks may vary from those used by the Money Manager or those listed in the prospectus. Further,there is no guarantee that an investor's account will meet or exceed the stated benchmark. Index performanceinformation has been obtained from third parties deemed to be reliable. We have not independently verified thisinformation, nor do we make any representations or warranties to the accuracy or completeness of thisinformation.Blended Index - For Advisory accounts, Blended Index is designed to reflect the asset categories in which youraccount is invested. For Brokerage accounts, you have the option to select any benchmark from the list.For certain products, the blended index represents the investment style corresponding to your client targetallocation. If you change your client target allocation, your blended index will change in step with your changeto your client target allocation.Blended Index 2 - 8 - are optional indices selected by you which may consist of a blend of indexes. For advisoryaccounts, these indices are for informational purposes only. Depending on the selection, the benchmark selectedmay not be an appropriate basis for comparison of your portfolio based on its holdings.For alternative investments and strategies that are highly customized, such as Concentrated Equity Solutions(CES), benchmarks are broad market indices included for general reference and are not intended to showcomparative market performance or potential portfolios with risk or return profiles similar to your account.Benchmark indices are shown for illustrative purposes only.Custom Time Periods: If represented on this report, the performance start date and the performance end datehave been selected by your Financial Advisor in order to provide performance and account activity informationfor your account for the specified period of time only. As a result, only a portion of your account's activity andperformance information is presented in the performance report, and, therefore, presents a distortedrepresentation of your account's activity and performance.Net Deposits/Withdrawals: When shown on a report, this information represents the net value of all cash andsecurities contributions and withdrawals, program fees (including wrap fees) and other fees added to orsubtracted from your accounts from the first day to the last day of the period including assets transferred to orfrom other UBS accounts. When fees are shown separately, net deposits / withdrawals does not include programfees (including wrap fees). When investment return is displayed net deposits / withdrawals does not includeprogram fees (including wrap fees). For security contributions and withdrawals, securities are calculated usingthe end of day UBS FS price on the day securities are delivered in or out of the accounts. Wrap fees will beincluded in this calculation except when paid via an invoice or through a separate accounts billing arrangement.When shown on Client summary and/or Portfolio review report, program fees (including wrap fees) may not beincluded in net deposits/withdrawals. PACE Program fees paid from sources other than your PACE account aretreated as a contribution. A PACE Program Fee rebate that is not reinvested is treated as a withdrawal.Net Deposits/Withdrawals (external): When shown on a report, this information represents the net value of all cash and securities contributions and withdrawals, program fees (including wrap fees) and other fees addedto or subtracted from your accounts from the first day to the last day of the period, excluding assets transferredto or from other UBS accounts after 12/31/2010. When fees are shown separately, net deposits / withdrawalsdoes not include program fees (including wrap fees). When investment return is displayed net deposits /withdrawals does not include program fees (including wrap fees). For security contributions and withdrawals,securities are calculated using the end of day UBS FS price on the day securities are delivered in or out of theaccounts. Wrap fees will be included in this calculation except when paid via an invoice or through a separateaccounts billing arrangement. When shown on Client summary and/or Portfolio review report, program fees(including wrap fees) may not be included in net deposits/withdrawals. PACE Program fees paid from sourcesother than your PACE account are treated as a contribution. A PACE Program Fee rebate that is not reinvested istreated as a withdrawal.Deposits: When shown on a report, this information represents the net value of all cash and securitiescontributions added to your accounts from the first day to the last day of the period, including assets transferredfrom other UBS accounts. On Client Summary Report and/or Portfolio Review Report, this may exclude theOpening balance. For security contributions, securities are calculated using the end of day UBS FS price on theday securities are delivered in or out of the accounts.Deposits (external): When shown on a report, this information represents the net value of all cash andsecurities contributions added to your accounts from the first day to the last day of the period, excluding assetstransferred from other UBS accounts after 12/31/2010. On Client Summary Report and/or Portfolio ReviewReport, this may exclude the Opening balance. For security contributions, securities are calculated using the endof day UBS FS price on the day securities are delivered in or out of the accounts.Withdrawals: When shown on a report, this information represents the net value of all cash and securitieswithdrawals subtracted from your accounts from the first day to the last day of the period, including assettransferred to other UBS accounts. On Client summary and/or portfolio review report Withdrawals may notinclude program fees (including wrap fees). For security withdrawals, securities are calculated using the end ofday UBS FS price on the day securities are delivered in or out of the accounts.Withdrawals (external): When shown on a report, this information represents the net value of all cash andsecurities withdrawals subtracted from your accounts from the first day to the last day of the period, excludingassets transferred to other UBS accounts after 12/31/2010. On Client summary and/or portfolio review reportWithdrawals may not include program fees (including wrap fees). For security withdrawals, securities arecalculated using the end of day UBS FS price on the day securities are delivered in or out of the accounts.Net Transfers (Internal): When shown on a report, this information represents the net value of all cash andsecurities transferred between your UBS accounts from the first day to the last day of the period.Transfers In (Internal): When shown on a report, this information represents the net value of all cash andsecurities transferred to your UBS accounts from the first day to the last day of the period.Transfers Out (Internal): When shown on a report, this information represents the net value of all cash andsecurities transferred from your UBS accounts from the first day to the last day of the period.Dividends/Interest: Dividend and interest earned, when shown on a report, does not include income onsecurities that have been lent out & does not reflect your account's tax status or reporting requirements. Useonly official tax reporting documents (i.e. 1099) for tax reporting purposes. The classification of private Report created on: July 07, 2025 Page 30 of 35
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) investment distributions can only be determined by referring to the official year-end tax-reporting documentprovided by the issuer.Change in Accrued Interest: When shown on a report, this information represents the difference between theaccrued interest at the beginning of the period from the accrued interest at the end of the period.Change in Value: Represents the change in value of the portfolio during the reporting period, excludingadditions/withdrawals, dividend and interest income earned and accrued interest. Change in Value may includeprograms fees (including wrap fees) and other fees.Fees: Fees represented in this report include program and wrap fees. Program and wrap fees prior to October 1,2010 for accounts that are billed separately via invoice through a separate account billing arrangement are notincluded in this report.Performance Start Date Changes: The Performance Start Date for accounts marked with a '^' have changed.Performance figures of an account with a changed Performance Start Date may not include the entire history ofthe account. The new Performance Start Date will generate performance returns and activity information for ashorter period than is available at UBS FS. As a result, the overall performance of these accounts may generatebetter performance than the period of time that would be included if the report used the inception date of theaccount. UBS FS recommends reviewing performance reports that use the inception date of the account becausereports with longer time frames are usually more helpful when evaluating investment programs and strategies.Performance reports may include accounts with inception dates that precede the new Performance Start Dateand will show performance and activity information from the earliest available inception date.The change in Performance Start Date may be the result of a performance gap due to a zero-balance thatprevents the calculation of continuous returns from the inception of the account. The Performance Start Datemay also change if an account has failed one of our performance data integrity tests. In such instances, theaccount will be labeled as 'Review Required' and performance prior to that failure will be restricted. Finally, thePerformance Start Date will change if you have explicitly requested a performance restart. Please contact yourFinancial Advisor for additional details regarding your new Performance Start Date.Closed Account Performance: Accounts that have been closed may be included in the consolidatedperformance report. When closed accounts are included in the consolidated report, the performance report willonly include information for the time period the account was active during the consolidated performancereporting time period.Important information on options-based strategies: Options involve risk and are not suitable for everyone.Prior to buying or selling an option investors must read a copy of the Characteristics & Risks of StandardizedOptions, also known as the options disclosure document (ODD). It explains the characteristics and risks ofexchange traded options. The options risk disclosure document can be accessed at the following web address:www.optionsclearing.com/about/publications/character-risks.Concentrated Equity Solutions (CES) managers are not involved in the selection of the underlying stock positions.The Manager will advise only on the options selection in order to pursue the strategy in connection with theunderlying stock position(s) deposited in the account. It is important to keep this in mind when evaluating themanager's performance since the account's performance will include the performance of the underlying equityposition that is not being managed. CES use options to seek to achieve your investment objectives regardingyour concentration stock position. Options strategies change the potential return profile of your stock. In certainscenarios, such as call writing, the call position will limit your ability to participate in any potential increase in the underlying equity position upon which the call was written. Therefore, in some market conditions, particularlyduring periods of significant appreciation of the underlying equity position(s), the CES account will decrease theperformance that would have been achieved had the stock been held long without implementing the CESstrategy.Portfolio: For purposes of this report "portfolio" is defined as all of the accounts presented on the cover pageor the header of this report and does not necessarily include all of the client's accounts held at UBS FS orelsewhere.Percentage: Portfolio (in the "% Portfolio / Total" column) includes all holdings held in the account(s) selectedwhen this report was generated. Broad asset class (in the "% broad asset class" column) includes all holdingsheld in that broad asset class in the account(s) selected when this report was generated.Tax lots: This report displays security tax lots as either one line item (i.e., lumped tax lots) or as separate tax lotlevel information. If you choose to display security tax lots as one line item, the total cost equals the total valueof all tax lots. The unit cost is an average of the total cost divided by the total number of shares. If the shareswere purchased in different lots, the unit price listed does not represent the actual cost paid for each lot. Theunrealized gain/loss value is calculated by combining the total value of all tax lots plus or minus the total marketvalue of the security.If you choose to display tax lot level information as separate line items on the Portfolio Holdings report, the taxlot information may include information from sources other than UBS FS. The Firm does not independently verifyor guarantee the accuracy or validity of any information provided by sources other than UBS FS. As a result thisinformation may not be accurate and is provided for informational purposes only. Clients should not rely on thisinformation in making purchase or sell decisions, for tax purposes or otherwise. See your monthly statement foradditional information.Pricing: All securities are priced using the closing price reported on the last business day preceding the date ofthis report. Every reasonable attempt has been made to accurately price securities; however, we make nowarranty with respect to any security's price. Please refer to the back of the first page of your UBS FS accountstatement for important information regarding the pricing used for certain types of securities, the sources ofpricing data and other qualifications concerning the pricing of securities. To determine the value of securities inyour account, we generally rely on third party quotation services. If a price is unavailable or believed to beunreliable, we may determine the price in good faith and may use other sources such as the last recordedtransaction. When securities are held at another custodian or if you hold illiquid or restricted securities for whichthere is no published price, we will generally rely on the value provided by the custodian or issuer of thatsecurity.Cash: Cash on deposit at UBS Bank USA is protected by the Federal Deposit Insurance Corporation (FDIC) up to$250,000 in principal and accrued interest per depositor for each ownership type. Deposits made in anindividual's own name, joint name, or individual retirement account are each held in a separate type ofownership. Such deposits are not guaranteed by UBS FS. More information is available upon request.Margin: The quantity value may indicate that all or part of this position is held on margin or held in the shortaccount. When an account holds a debit balance, this debit balance is incorporated into the account's totalmarket value and deducted from the total value. When calculating the percent of portfolio on each security, thepercentage will be impacted by the total market value of the account. Therefore, if the account's market value isreduced by a debit value of a holding the percent of portfolio will be greater and if the account's market value is Report created on: July 07, 2025 Page 31 of 35
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) increased by a holding then the percent of portfolio will be less.Asset Allocation: Your allocation analysis is based on your current portfolio. The Asset Allocation portion ofthis report shows the mix of various investment classes in your account. An asset allocation that shows asignificantly higher percentage of equity investments may be more appropriate for an investor with a moreaggressive investment strategy and higher tolerance for risk. Similarly, the asset allocation of a more conservativeinvestor may show a higher percentage of fixed income investments.Separately Managed Accounts and Pooled Investment Vehicles (such as mutual funds, closed end fundsand exchanged traded funds): The asset classification displayed is based on firm's proprietary methodology forclassifying assets. Please note that the asset classification assigned to rolled up strategies may include individualinvestments that provide exposure to other asset classes. For example, an International Developed Marketsstrategy may include exposure to Emerging Markets, and a US Large Cap strategy may include exposure to MidCap and Small Cap, etc.Mutual Fund Asset Allocation: If the option to unbundle balanced mutual funds is selected and if a fund'sholdings data is available, mutual funds will be classified by the asset class, subclass, and style breakdown oftheir underlying holdings. Where a mutual fund or ETF contains equity holdings from multiple equity sectors, thisreport will proportionately allocate the underlying holdings of the fund to those sectors measured as apercentage of the total fund's asset value as of the date shown.This information is supplied by Morningstar, Inc. on a daily basis to UBS FS based on data supplied by the fundwhich may not be current. Mutual funds change their portfolio holdings on a regular (often daily) basis.Accordingly, any analysis that includes mutual funds may not accurately reflect the current composition of thesefunds. If a fund's underlying holding data is not available, it will be classified based on its corresponding overallMorningstar classification. All data is as of the date indicated in the report.All pooled investment vehicles (such as mutual funds, closed end mutual funds, and exchange traded funds)incorporate internal management and operation expenses, which are reflected in the performance returns.Please see relevant fund prospectus for more information. Please note, performance for mutual funds is inclusiveof multiple share classes.Ineligible Assets: We require that you hold and purchase only eligible managed assets in your advisoryaccounts. Please contact your Financial Advisor for a list of the eligible assets in your program. These reports mayprovide performance information for eligible and ineligible assets in a fee-based program. Since ineligible assetsare not considered fee-based program assets, the inclusion of such securities will distort the actual performanceof your advisory assets. As a result, the performance reflected in this report can vary substantially from theindividual account performance reflected in the performance reports provided to you as part of those programs.For fee-based programs, fees are charged on the market value of eligible assets in the accounts and assessedquarterly in advance, prorated according to the number of calendar days in the billing period. Neither UBS noryour Financial Advisor will act as your investment adviser with respect to Ineligible Assets.Variable Annuity Asset Allocation: If the option to unbundle a variable annuity is selected and if a variableannuity's holdings data is available, variable annuities will be classified by the asset class, subclass, and stylebreakdown for their underlying holdings. Where a variable annuity contains equity holdings from multiple equitysectors, this report will proportionately allocate the underlying holdings of the variable annuity to those sectorsmeasured as a percentage of the total variable annuity's asset value as of the date shown.
This information is supplied by Morningstar, Inc. on a weekly basis to UBS FS based on data supplied by thevariable annuity which may not be current. Portfolio holdings of variable annuities change on a regular (oftendaily) basis. Accordingly, any analysis that includes variable annuities may not accurately reflect the currentcomposition of these variable annuities. If a variable annuity's underlying holding data is not available, it willremain classified as an annuity. All data is as of the date indicated in the report.Equity Style: The Growth, Value and Core labels are determined by Morningstar. If an Equity Style isunclassified, it is due to non-availability of data required by Morningstar to assign it a particular style.Equity Capitalization: Market Capitalization is determined by Morningstar. Equity securities are classified asLarge Cap, Mid Cap or Small Cap by Morningstar. Unclassified securities are those for which no capitalization isavailable on Morningstar.Equity Sectors: The Equity sector analysis may include a variety of accounts, each with different investment andrisk parameters. As a result, the overweighting or underweighting in a particular sector or asset class should notbe viewed as an isolated factor in making investment/liquidation decisions; but should be assessed on anaccount by account basis to determine the overall impact on the account's portfolio.Classified Equity: Classified equities are defined as those equities for which the firm can confirm the specificindustry and sector of the underlying equity instrument.Estimated Annual Income: The Estimated Annual Income is for informational purposes only and is calculatedby the annualized per share dividends/interest paid, multiplied by the quantity of the shares held in the selectedaccount(s). For Expected Cash Flow and Portfolio Holdings reports prior to June 23, 2023, savings products &sweep funds do not display such calculations and instead, values are displayed as N/A. For all other reports,Estimated Annual Income for savings products & sweep funds is not calculated or factored into aggregatecalculations and will be displayed as 0.Current Yield: Current Yield is estimated for informational purposes only and may not reflect changes in price.It's calculated by dividing the total estimated annual income by the current market value displayed. Current yieldcalculations display the current yield of the investment solely as of the date of this report. For Portfolio Holdingsreport generated prior to June 23, 2023, savings products & sweep funds do not include such information andinstead, values are displayed as N/A. For all other reports, Current Yield for savings products & sweep funds isnot calculated or factored into aggregate calculations and will be displayed as 0.YTM (at Market): Yield to Maturity (at Market) is the expected return of an interest-bearing security from thereport date, assuming that it is held to maturity with all coupon payments paid. For displays at the tax lot level,the Yield to Maturity is calculated based on the cost basis of that specific tax lot. For position level displays(consisting of multiple tax lots), Yield to Maturity is derived by using the weighted average cost basis of all theunderlying tax lots.YTW (at Market): Yield to Worst (at Market) is the expected return of an interest-bearing security from thereport date, assuming that it is held to the next call date or until maturity (if no next call date) with all couponpayments paid. For displays at the tax lot level, the Yield to Worst is calculated based on the cost basis of thatspecific tax lot. For position level displays (consisting of multiple tax lots), Yield to Worst is derived by using theweighted average cost basis of all the underlying tax lots.Bond Rating: These ratings are obtained from independent industry sources and are not verified by UBS FS.
Report created on: July 07, 2025 Page 32 of 35
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) Securities without rating information are left blank. Rating agencies may discontinue ratings on high yieldsecurities.NR: When NR is displayed under bond rating column, no ratings are currently available from that rating agency.High Yield: This report may designate a security as a high yield fixed income security even though one or morerating agencies rate the security as an investment grade security. Further, this report may incorporate a ratingthat is no longer current with the rating agency. For more information about the rating for any high yield fixedincome security, or to consider whether to hold or sell a high yield fixed income security, please contact yourfinancial advisor or representative and do not make any investment decision based on this report.Credit/Event Risk: Investments are subject to event risk and changes in credit quality of the issuer. Issuers canexperience economic situations that may have adverse effects on the market value of their securities.Interest Rate Risk: Bonds are subject to market value fluctuations as interest rates rise and fall. If sold prior tomaturity, the price received for an issue may be less than the original purchase price.Reinvestment Risk: Since most corporate issues pay interest semiannually, the coupon payments over the lifeof the bond can have a major impact on the bond's total return.Call Provisions: When evaluating the purchase of a corporate bond, one should be aware of any features thatmay allow the issuer to call the security. This is particularly important when considering an issue that is trading ata premium to its call price, since the return may be negatively impacted if the issue is redeemed. Should an issuebe called, investors may be faced with an earlier than anticipated reinvestment decision, and may be unable toreinvest their principal at equally favorable rates.Effective Maturity: Effective maturity is the expected redemption due to pre-refunding, puts, or maturity anddoes not reflect any sinking fund activity, optional or extraordinary calls. Securities without a maturity date areleft blank and typically include Preferred Securities, Mutual Funds and Fixed Income UITs.Yields: Yield to Maturity and Yield to Worst are calculated to the worst call.Accrued Interest: Interest that has accumulated between the most recent payment and the report date may bereflected in market values for interest bearing securities.Bond Averages: All averages are weighted averages calculated based on market value of the holding, notincluding accrued interest.Tax Status: "Taxable" includes all securities held in a taxable account that are subject to federal and/or state orlocal taxation. "Tax-exempt" includes all securities held in a taxable account that are exempt from federal, stateand local taxation. "Tax-deferred" includes all securities held in a tax-deferred account, regardless of the statusof the security.Bond sensitivity analysis: This analysis uses Modified Duration which approximates the percentage pricechange of a security for a given change in yield. The higher the modified duration of a security, the higher itsrisk. For callable securities, modified duration does not address the impact of changing interest rates on a bond'sexpected cash flow as a result of a call or prepayment.
Amortization and Accretion: Prior to March 2008, amortization was calculated using the straight line methodfor tax exempt securities and was not calculated for taxable securities. Post March 2008, amortization iscalculated using the constant yield method. Prior to October 2008, accretion due to original issue discount wasnot calculated. Post October 2008, accretion due to original issue discount is calculated using the constant yieldmethod. Prior to January 2015, accretion due to market discount was calculated using the straight line method.Post January 2015, accretion due to market discount is calculated using the constant yield method. We assumethe securities are held to par and premiums are calculated to call date. Amortization and accretion values may beincorrect due to adjustments related to cost basis. You may hold additional fixed income securities that may notappear on this report. Please refer to your account statements for information regarding all of your holdings.Gain/Loss: The gain/loss information may include calculations based upon non-UBS FS cost basis information.The firm does not independently verify or guarantee the accuracy or validity of any information provided bysources other than UBS FS. In addition, for Schedule K-1 reported investments, such as alternative investmentfunds, please refer to your annual K-1 and 1099 tax forms. If this report contains positions with unavailable costbasis, the gain/(loss) for these positions are excluded in the calculation for the Gain/(Loss). As a result thesefigures may not be accurate and are provided for informational purposes only. Clients should not rely on thisinformation in making purchase or sell decisions, for tax purposes or otherwise. Rely only on year-end tax formswhen preparing your tax return. See your monthly statement for additional information.Accounts Included in this Report: The account listing may or may not include all of your accounts with UBSFS. The accounts included in this report are listed under the "Accounts included in this review" shown on thefirst page or listed at the top of each page. If the account is a donor advised fund account, the assets in thoseaccounts are owned by the Sponsoring Charitable Organization, and not the donor. You and your financialadvisor have procured the appropriate authorization to view the assets in the donor advised fund account. If anaccount number begins with "@" this denotes assets or liabilities held at other financial institutions. Informationabout these assets, including valuation, account type and cost basis, is based on the information you provided tous, or provided to us by third party data aggregators or custodians at your direction. We have not verified, andare not responsible for, the accuracy or completeness of this information.Account name(s) displayed in this report and labels used for groupings of accounts can be customizable"nicknames" chosen by you to assist you with your recordkeeping or may have been included by your financialadvisor for reference purposes only. The names used have no legal effect, are not intended to reflect anystrategy, product, recommendation, investment objective or risk profile associated with your accounts or anygroup of accounts, and are not a promise or guarantee that wealth, or any financial results, can or will beachieved. All investments involve the risk of loss, including the risk of loss of the entire investment.For more information about account or group names, or to make changes, contact your Financial Advisor.Account changes: At UBS, we are committed to helping you work toward your financial goals. So that we maycontinue providing you with financial advice that is consistent with your investment objectives, please considerthe following two questions:1) Have there been any changes to your financial situation or investment objectives?2) Would you like to implement or modify any restrictions regarding the management of your account?If the answer to either question is "yes," it is important that you contact your Financial Advisor as soon aspossible to discuss these changes. For MAC advisory accounts, please contact your investment manager directlyif you would like to impose or change any investment restrictions on your account.
Report created on: July 07, 2025 Page 33 of 35
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) ADV disclosure: A complimentary copy of our current Form ADV Disclosure Brochure that describes theadvisory program and related fees is available through your Financial Advisor. Please contact your FinancialAdvisor if you have any questions.Important information for former Piper Jaffray and McDonald Investments clients: As anaccommodation to former Piper Jaffray and McDonald Investments clients, these reports include performancehistory for their Piper Jaffray accounts prior to August 12, 2006 and McDonald Investments accounts prior toFebruary 9, 2007, the date the respective accounts were converted to UBS FS. UBS FS has not independentlyverified this information nor do we make any representations or warranties as to the accuracy or completenessof that information and will not be liable to you if any such information is unavailable, delayed or inaccurate.For insurance, annuities, and 529 Plans, UBS FS relies on information obtained from third party services itbelieves to be reliable. UBS FS does not independently verify or guarantee the accuracy or validity of anyinformation provided by third parties. Information for insurance, annuities, and 529 Plans that has been providedby a third party service may not reflect the quantity and market value as of the previous business day. Whenavailable, an "as of" date is included in the description.Investors outside the U.S. are subject to securities and tax regulations within their applicable jurisdiction that arenot addressed in this report. Nothing in this report shall be construed to be a solicitation to buy or offer to sellany security, product or service to any non-U.S. investor, nor shall any such security, product or service besolicited, offered or sold in any jurisdiction where such activity would be contrary to the securities laws or otherlocal laws and regulations or would subject UBS to any registration requirement within such jurisdiction.Performance History prior to the account's inception at UBS Financial Services, Inc. may have been included inthis report and is based on data provided by third party sources. UBS Financial Services Inc. has notindependently verified this information nor does UBS Financial Services Inc. guarantee the accuracy or validity ofthe information.Important information about brokerage and advisory services. As a firm providing wealth managementservices to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SECregistered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer.Investment advisory services and brokerage services are separate and distinct, differ in material ways and aregoverned by different laws and separate arrangements. It is important that clients understand the ways in whichwe conduct business, that they carefully read the agreements and disclosures that we provide to them about theproducts or services we offer. For more information, please review client relationship summary provided at ubs.com/relationshipsummary. UBS Financial Services account protectionThe Firm is a member of the Securities Investor Protection Corporation (SIPC), which protects securitiescustomers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochureavailable upon request or at www.sipc.org. The SIPC asset protection limits apply to all accounts that you hold ina particular capacity.The Firm, together with certain affiliates, has also purchased supplemental insurance. The maximum amountpayable to all eligible clients, collectively under this protection is $500 million as of December 10, 2019. Subjectto the policy conditions and limitations, cash at the Firm is further protected for up to $1.9 million in theaggregate for all your accounts held in a particular capacity. A full copy of the policy wording is available uponrequest.
Neither the SIPC protection nor the supplemental protection apply to:
• Certain financial assets controlled by (and included in your account value) but held away from UBS Financial Services. For example certain (i) insurance products, including variable annuities,and (ii) shares of mutual funds registered in the name of the account holder on the books ofthe issuer or transfer agent); • Investment contracts or investment interests (e.g., limited partnerships and private placements) that are not registered under the Securities Act of 1933; • Commodities contracts (e.g., foreign exchange and precious metal contracts), including futures contracts and commodity option contracts;
• Securities on loan to UBS Financial Services; and• Deposit accounts (except certificates of deposit) at UBS Bank USA, UBS AG U.S. branches and banks in the FDIC Insured Deposit Program.
The SIPC protection and the supplemental protection do not apply to these assets even if they otherwise appearon your statements. The SIPC protection and the supplemental protection do not protect against changes in themarket value of your investments (whether as a result of market movement, issuer bankruptcy or otherwise).Non-UBS Assets and Liabilities: This report is not intended to provide you with consolidated information orreporting regarding your holdings at other firms. However, at your request, this report may include informationregarding assets that you hold at other financial institutions so that you may review your asset allocation and/orinvestment strategy in the context of your overall holdings. You should review and maintain the originaldocuments for these assets, such as the statements for individual accounts held away from UBS. Thosedocuments may contain notices, disclosures and other information important to you, and may also serve as areference should questions arise regarding the accuracy of that information as presented in this report.The information presented for accounts held at other financial institutions has been provided to UBS at yourdirection through your agreement with an Outside Asset Data Aggregation Service. These accounts have beenadded to this report at your request and are automatically updated to reflect the most recent data received fromthe custodian. Information may have also been provided based on documents and valuation you provided toyour Financial Advisor. These accounts have been added to this report at your request and may not reflect thecurrent valuation.If an account number begins with "@" this denotes assets or liabilities held at other financial institutions.Information about these assets, including valuation, account type and cost basis, is based on the information youprovided to us, or provided to us by third party data aggregators or custodians at your direction. We have notverified, and are not responsible for, the accuracy or completeness of this information.If the information you or your custodians provided to us is not current, inclusion of these assets will impact theaccuracy of the current asset allocation and other analysis presented. We do not provide purchase, sale or holdrecommendations or advice with respect to your assets at other firms and do not assume responsibility foractivity you conduct at other financial institutions.UBS’s SIPC coverage applies to assets held at UBS. If you maintain assets at other firms that may be SIPCmembers, you should contact their financial representative or the other entity or refer to the other entitysstatement regarding SIPC membership. Your UBS Financial Services Inc. account statements are the only official Report created on: July 07, 2025 Page 34 of 35
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) record of your UBS holdings and account and are not replaced, amended or superseded by any of theinformation presented in this report.Assets that you hold at other financial institutions are priced using the closing price reported on the last businessday preceding the date of this report. Every reasonable attempt has been made to accurately price securities;however, we make no warranty with respect to any security’s price. To determine the value of securities in youraccount, we generally rely on third party quotation services. If a price is unavailable or believed to be unreliable,we may determine the price in good faith and may use other sources such as the last recorded transaction.When securities are held at another custodian or if you hold illiquid or restricted securities for which there is nopublished price, we will generally rely on the value provided by the custodian or issuer of that security.The value of assets held at other financial institutions is based on the "Last Refresh Date" displayed. Up todate valuation and information can be obtained directly from the custodian of your assets. The accountstatements you receive from your third party custodian regarding the assets you hold with them are the officialrecord of your holdings and accounts and are not impacted or superseded by the information in this report.Account balances and security pricing will always display in U.S. Dollars even if assets in your Outside Accountsare denominated in other currencies. UBS will convert any values received in the Outside Account Information toU.S. Dollars using foreign exchange rates from UBS as of the previous business.Report created on: July 07, 2025 Page 35 of 35 TO: Honorable Mayor and Members of the City Council
FROM: Kyle Johnson, Finance Director/ City Treasurer
DATE: July 23, 2025
SUBJECT: City of Glendora and Glendora Successor Agency Investment Report for June 2025 Pursuant to Section 19 of the City of Glendora’s 2024-2025 Investment Policy, a monthly investment report must be provided to the City Council to provide a clear picture of the status of the current investment portfolio.
The second City Council meeting for the month of July 2025 has been canceled as decided by the City Council. To be compliant with the City’s policy and the California Government code, the July investment report is being provided to the Council members before the end of the month and will be placed on the next available council meeting scheduled for August 26, 2025.
The City’s book value of cash and investments for June 2025 totaled $121,181,661. This is an increase of $1,222,782 (1.02%) compared to the previous month. The increase is generally due to ROPS (Recognized Obligation Payment Schedule) Successor Agency revenues from Los Angeles County.
In the month of June, there were three investment purchases (consisting of United States Treasury Notes, Limited Term Governmental Funds and Certificates of Deposit) totaling $12,426,000. There were eight securities that matured for $6,980,000, resulting in neither a gain nor a loss.
If you have any questions, feel free to contact me.
Financial Advisor
GIORDANO CRAWFORD
WEALTH MANAGEMENT
626-405-4753
UBS Client Review
As of July 31, 2025
251 South Lake Avenue10th FloorPasadena, CA 911013003Branch office Report Prepared for: City of Glendora* excluded from performance exhibits Type
AccountName
AccountNumberSX XX180 City of Glendora Business Service Account@SX XXX279* CITY OF GL Non UBS Investment LAIF@SX XXX283* CITY OF GL Non UBS Investment Bank of America What's insideAsset Allocation Review. . . . . . . . . . . . . . . . . . . . . . 2Sources of Portfolio Value. . . . . . . . . . . . . . . . . . . . 3Bond Summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Portfolio Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . 5Bond Holdings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Important Information About This Report. . . . . . . . 30
Consolidated report prepared for City of Glendora
Asset Allocation Reviewas of July 31, 2025
Summary of Asset Allocation
Market
value ($)
% of
Portfolio
Cash 32,382,418.29 27.72
Cash 32,382,418.29 27.72 US 32,382,418.29 27.72
Fixed Income 84,443,991.78 72.28
US 84,443,991.78 72.28 US Fixed Income 12,756,221.18 10.92 Government 49,445,376.23 42.32 Corporate IG Credit 22,242,394.38 19.04 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00Total Portfolio $116,826,410.07 100%Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category Cash 27.72%US Fixed Income 72.28%
Total Value: $116,826,410.07
Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 2 of 36 Consolidated report prepared for City of Glendora
Sources of Portfolio Valueas of July 31, 2025
Market Value Net amount you invested (net of fees)
02/22 12/22 12/23 12/24 07/25
5075
100125150
$ Millions
MTD
06/30/2025 to
07/31/2025
QTD
06/30/2025 to
07/31/2025
ITD
02/23/2022 to
07/31/2025
YTD
12/31/2024 to
07/31/2025
Opening value 105,122,633.07 105,122,633.07 103,422,623.88 40,589,214.16Net deposits/withdrawals -128,405.56 -128,405.56 -1,030,510.04 56,417,693.53Div./interest income 103,877.82 103,877.82 1,241,958.78 6,504,700.19Change in accr. interest 137,101.20 137,101.20 113,879.78 398,085.14Change in value -82,186.06 -82,186.06 1,405,068.06 1,243,327.43Closing value 105,153,020.46 105,153,020.46 105,153,020.46 105,153,020.46Net Time-weighted ROR 0.15 0.15 2.68 2.05Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.37 0.37 2.50 4.21BofA Corp/Gov 1-5Y -0.06 -0.06 3.47 2.42BBG Agg Bond -0.26 -0.26 3.75 0.18Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: August 04, 2025 Page 3 of 36 Consolidated report prepared for City of Glendora
Bond Summaryas of July 31, 2025Bond OverviewTotal quantity 85,362,000Total market value $83,978,639.14Total accrued interest $465,352.64Total market value plus accrued interest $84,443,991.78Total estimated annual bond interest $2,131,469.75Average yield to maturityAverage coupon 2.51%
4.34%2.54%4.33%
Average current yieldAverage yield to worstAverage modified duration 2.10Average effective maturity 2.21 Investment Type AllocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.
Certificates of deposit 12,756,221.18 0.00 12,756,221.18 15.11U.S. corporates 22,242,394.38 0.00 22,242,394.38 26.34U.S. federal agencies 41,933,261.84 0.00 41,933,261.84 49.66U.S. treasuries 7,512,114.39 0.00 7,512,114.39 8.90Total $84,443,991.79 $0.00 $84,443,991.79 100% Credit Quality of Bond HoldingsA Aaa/AAA/AAA 1 1,977,071.11 2.35B Aa/AA/AA 36 52,385,281.95 61.98C A/A/A 15 17,325,417.54 20.53D Baa/BBB/BBB 0 0.00 0.00E Non-investment grade 0 0.00 0.00F Certificate of deposit 53 12,756,221.18 15.13G Not rated 0 0.00 0.00Total 105 $84,443,991.78 100%Effective credit rating % of
port.
Value on
Issues 07/31/2025 ($)
Bond Maturity Schedule
Effective maturity schedule
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2036 + Other 05 1015202530
14.5%
31.8%
10.6%
4.3%
29.1%
9.5%
0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Cash, mutual funds and some preferred securities are not included.$ Millions Includes all fixed income securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 4 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025Summary of Portfolio Holdings Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
07/31/2025 ($)
Current
yield (%)
% of
portfolio
A Cash 32,382,418 32,382,418 0 0.00% 818,102 2.53% 27.72% Cash 32,382,418 32,382,418 0 0.00% 818,102 2.53% 27.72% US 32,382,418 32,382,418 0 0.00% 818,102 2.53% 27.72%
B Fixed Income 84,730,797 84,443,992 -286,805 -0.34% 2,131,470 2.52% 72.28% US 84,730,797 84,443,992 -286,805 -0.34% 2,131,470 2.52% 72.28% US Fixed Income 12,811,051 12,756,221 -54,830 -0.43% 369,074 2.89% 10.92% Government 49,586,084 49,445,376 -140,708 -0.28% 1,172,110 2.37% 42.32% Corporate IG Credit 22,333,662 22,242,394 -91,267 -0.41% 590,285 2.65% 19.04% C Equity 0 0 0 0.00% NA NA 0.00%D Commodities 0 0 0 0.00% NA NA 0.00%E Non-Traditional 0 0 0 0.00% NA NA 0.00%F Other 0 0 0 0.00% NA NA 0.00%Total Portfolio $117,113,216 $116,826,410 -$286,805 -0.24% $2,949,571 2.52% 100% Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category B
A
Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 5 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Details of Portfolio Holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $117,113,216 $116,826,410 -$286,805 -0.24% $2,949,571 2.52% 100% 100% % of
portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) / Cash Avg Price Market value ($)
Price on
07/31/2025
($)
% of
Cash
% of
portfolio
Cash
US
Outside ASSET(1) 1.00 9,483,059.99 9,483,059.99 0.00 0.00% NA NA 29.28% 8.12%[Outside Account @SXXXX279]
1.00 Outside ASSET(1) 1.00 2,190,329.62 2,190,329.62 0.00 0.00% NA NA 6.76% 1.87%[Outside Account @SXXXX283]
1.00 UBS INSURED SWEEP 1,378,160.05 1.00 1,378,160.05 1,378,160.05 0.00 0.00% 2,756.32 0.20% 1.18%PROGRAM
1.00 4.26%
19,459,316.1 1.00 815,345.35
9 UBS SELECT TREASURY 19,459,316.19 19,459,316.19 0.00 0.00% 4.19% 16.66%INSTITUTIONAL FUND
1.00 60.09%
USD CASH -128,447.56 1.00 1.00 -128,447.56 -128,447.56 0.00 0.00% NA NA -0.40% -0.11% Total US $32,382,418 $32,382,418 $0 0.00% $818,102 2.53% 100% 27.72% Total Cash $32,382,418 $32,382,418 $0 0.00% $818,102 2.53% 100% 27.72% Total Cash $32,382,418 $32,382,418 $0 0.00% $818,102 2.53% 100% 27.72%(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 6 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
AFFINITY PLUS MN US RT 245,000.00 100.00 245,000.00 246,507.22 0.00 1,507.22 0.62% 12,372.50 5.02% 0.21%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE 100.46 0.29%
ALLY BK UT US RT 245,000.00 100.00 245,000.00 244,163.34 0.00 -836.66 -0.34% 8,697.50 3.56% 0.21%03.5500% MAT 06/30/26FIXED RATE CD
99.36 0.29%
AMER EXPRESS NATL UT US 245,000.00 98.05 240,222.50 244,268.59 0.00 4,046.09 1.68% 8,820.00 3.61% 0.21%RT 03.6000% MAT 09/25/29FIXED RATE CD
98.44 0.29%
AMER NATL BK OMA NE US 245,000.00 100.00 245,000.00 245,133.37 0.00 133.37 0.05% 10,412.50 4.25% 0.21%RT 04.2500% MAT 03/21/28FIXED RATE CD
99.94 0.29%
AMERICAN COMM BK GA 245,000.00 100.00 245,000.00 243,630.11 0.00 -1,369.89 -0.56% 980.00 0.40% 0.21%US RT 00.4000% MAT09/22/25 FIXED RATE CD
99.43 0.29%
ARBOR FINL CREDIT MI US 245,000.00 100.00 245,000.00 247,093.68 0.00 2,093.68 0.85% 12,250.00 4.96% 0.21%RT 05.0000% MAT 04/03/28FIXED RATE CD 100.47 0.29%
BANK3 TENNESSEE TN US RT 245,000.00 100.00 245,000.00 244,255.90 0.00 -744.10 -0.30% 980.00 0.40% 0.21%00.4000% MAT 08/28/25FIXED RATE CD
99.69 0.29%
BANKUNITED NA FLOR FL US 245,000.00 100.00 245,000.00 239,624.70 0.00 -5,375.30 -2.19% 2,327.50 0.97% 0.21%RT 00.9500% MAT 03/31/26FIXED RATE CD
97.81 0.28%
BK HAPOALIM BM NY US RT 245,000.00 100.00 245,000.00 241,666.49 0.00 -3,333.51 -1.36% 1,225.00 0.51% 0.21%00.5000% MAT 12/15/25FIXED RATE CD
98.58 0.29%
BMO HARRIS BK NA IL US RT 245,000.00 100.00 245,000.00 239,880.10 0.00 -5,119.90 -2.09% 1,960.00 0.82% 0.21%00.8000% MAT 03/18/26FIXED RATE CD
97.82 0.28%
CAPITAL ONE BK USA VA US 245,000.00 100.00 245,000.00 236,217.35 0.00 -8,782.65 -3.58% 2,817.50 1.19% 0.20%RT 01.1500% MAT 11/24/26FIXED RATE CD
96.20 0.28%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 236,217.35 0.00 -8,782.65 -3.58% 2,817.50 1.19% 0.20%01.1500% MAT 11/24/26FIXED RATE CD
96.20 0.28%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 7 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
CELTIC BK UT US RT 245,000.00 98.17 240,525.91 241,322.55 0.00 796.64 0.33% 8,942.50 3.71% 0.21%03.6500% MAT 04/29/30FIXED RATE CD
98.48 0.29%
CFG COMMUNITY BANK 245,000.00 100.00 245,000.00 248,691.81 0.00 3,691.81 1.51% 9,310.00 3.74% 0.21%MD US RT 03.8000% MAT03/11/26 FIXED RATE CD
99.74 0.29%
CHAMBERS BANK AK US RT 108,000.00 100.00 108,000.00 107,511.43 0.00 -488.57 -0.45% 378.00 0.35% 0.09%00.3500% MAT 09/22/25FIXED RATE CD
99.42 0.13%
CIBC BANK ILLINOIS IL US RT 245,000.00 100.00 245,000.00 250,284.95 0.00 5,284.95 2.16% 12,250.00 4.89% 0.21%05.0000% MAT 03/24/26FIXED RATE CD 100.39 0.30%
COMMUNITY BK TN US RT 245,000.00 100.00 245,000.00 244,315.17 0.00 -684.83 -0.28% 980.00 0.40% 0.21%00.4000% MAT 08/26/25FIXED RATE CD
99.72 0.29%
CY-FAIR FED CREDIT TX US 245,000.00 100.00 245,000.00 246,084.98 0.00 1,084.98 0.44% 12,985.00 5.28% 0.21%RT 05.3000% MAT 07/14/28FIXED RATE CD 100.20 0.29%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 242,966.90 0.00 -2,033.10 -0.83% 7,840.00 3.23% 0.21%03.2000% MAT 05/24/27FIXED RATE CD
98.57 0.29%
DIVERSIFIED MEMBER MI US 245,000.00 100.00 245,000.00 245,019.06 0.00 19.06 0.01% 10,535.00 4.30% 0.21%RT 04.3000% MAT 04/28/28LICU SHARE CERTIFICATE 100.00 0.29%
EAGLEMARK SVGS BK NV 245,000.00 100.15 245,361.09 239,290.02 -742.02 -6,071.07 -2.47% 4,900.00 2.05% 0.20%US RT 02.0000% MAT03/02/27 FIXED RATE CD
96.84 0.28%
EATON CMNTY BK MI US RT 245,000.00 99.90 244,755.00 245,953.96 0.00 1,198.96 0.49% 12,495.00 5.08% 0.21%05.1000% MAT 03/08/29FIXED RATE CD 100.07 0.29%
ESSENTIAL FED CRED LA US 245,000.00 100.00 245,000.00 248,648.12 0.00 3,648.12 1.49% 11,515.00 4.63% 0.21%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE 101.28 0.29%
FARMERS & MERCHANT WI 245,000.00 100.00 245,000.00 245,058.06 0.00 58.06 0.02% 9,432.50 3.85% 0.21%US RT 03.8500% MAT11/08/27 FIXED RATE CD
99.76 0.29%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 8 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
FIRST FED SVGS BK IN US RT 245,000.00 100.00 245,000.00 245,061.59 0.00 61.59 0.03% 10,290.00 4.20% 0.21%04.2000% MAT 07/11/28FIXED RATE CD
99.80 0.29%
FIRST GTY BK HAMMO LA 219,000.00 100.00 219,000.00 221,161.38 0.00 2,161.38 0.99% 9,526.50 4.31% 0.19%US RT 04.3500% MAT11/06/28 FIXED RATE CD
99.96 0.26%
GOLDMAN SACHS BANK NY 245,000.00 100.00 245,000.00 248,715.31 0.00 3,715.31 1.52% 9,800.00 3.94% 0.21%US RT 04.0000% MAT03/20/28 FIXED RATE CD 100.04 0.29%
GREAT STHN BK MO US RT 245,000.00 100.00 245,000.00 245,322.46 0.00 322.46 0.13% 11,025.00 4.49% 0.21%04.5000% MAT 10/20/25FIXED RATE CD 100.00 0.29%
GREENSTATE CREDIT IA US 245,000.00 100.00 245,000.00 239,450.95 0.00 -5,549.05 -2.26% 2,327.50 0.97% 0.20%RT 00.9500% MAT 04/16/26FIXED RATE CD
97.66 0.28%
GUARANTY BK MO US RT 245,000.00 99.49 243,750.40 243,936.23 0.00 185.83 0.08% 9,310.00 3.82% 0.21%03.8000% MAT 01/12/29FIXED RATE CD
99.37 0.29%
HOME LN INVT BK RI US RT 245,000.00 100.00 245,000.00 244,328.40 0.00 -671.60 -0.27% 980.00 0.40% 0.21%00.4000% MAT 08/29/25FIXED RATE CD
99.69 0.29%
JPMORGAN CHASE BK OH 245,000.00 100.00 245,000.00 244,064.03 0.00 -935.97 -0.38% 1,715.00 0.70% 0.21%US RT 00.7000% MAT09/30/25 FIXED RATE CD
99.38 0.29%
LAFAYETTE FED CRED MD 245,000.00 100.00 245,000.00 242,092.99 0.00 -2,907.01 -1.19% 7,962.50 3.29% 0.21%US RT 03.2500% MAT06/15/27 LICU SHARECERTIFICATE
98.67 0.29%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 236,757.60 0.00 -8,242.40 -3.36% 1,960.00 0.83% 0.20%00.8000% MAT 08/13/26FIXED RATE CD
96.57 0.28%
METRO CREDIT UNION MA 245,000.00 100.00 245,000.00 236,622.78 0.00 -8,377.22 -3.42% 4,165.00 1.76% 0.20%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE
96.44 0.28%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 9 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
MORGAN STANLEY BK UT 245,000.00 100.00 245,000.00 250,037.80 0.00 5,037.80 2.06% 10,412.50 4.16% 0.21%US RT 04.2500% MAT02/02/26 FIXED RATE CD
99.97 0.30%
NEW ORLEANS FIREME LA 245,000.00 100.00 245,000.00 252,369.06 0.00 7,369.06 3.01% 12,250.00 4.85% 0.22%US RT 05.0000% MAT07/17/28 FIXED RATE CD 102.82 0.30%
NEW YORK CMNTY BK NY 245,000.00 100.00 245,000.00 237,371.81 0.00 -7,628.19 -3.11% 1,715.00 0.72% 0.20%US RT 00.7000% MAT07/01/26 FIXED RATE CD
96.83 0.28%
PENTAGON FED CREDI VA 245,000.00 100.00 245,000.00 236,458.19 0.00 -8,541.81 -3.49% 4,165.00 1.76% 0.20%US RT 01.7000% MAT02/18/27 CREDIT UNIONSHARE CERT
96.45 0.28%
SALLIE MAE BANK UT US RT 245,000.00 99.80 244,510.00 247,290.28 0.00 2,780.28 1.14% 9,922.50 4.01% 0.21%04.0500% MAT 11/21/29FIXED RATE CD 100.15 0.29%
STATE BANK OF INDI NY US 245,000.00 100.00 245,000.00 240,429.81 0.00 -4,570.19 -1.87% 2,205.00 0.92% 0.21%RT 00.9000% MAT 03/25/26FIXED RATE CD
97.82 0.28%
STATE BK IL US RT 245,000.00 100.00 245,000.00 247,659.16 0.00 2,659.16 1.09% 10,045.00 4.06% 0.21%04.1000% MAT 11/26/29FIXED RATE CD 100.34 0.29%
TECHNOLOGY CREDIT CA 245,000.00 100.00 245,000.00 247,099.55 0.00 2,099.55 0.86% 12,250.00 4.96% 0.21%US RT 05.0000% MAT03/23/26 CREDIT UNIONSHARE CERT 100.45 0.29%
TEXAS EXCHANGE BK TX US 245,000.00 100.00 245,000.00 242,824.77 0.00 -2,175.23 -0.89% 1,470.00 0.61% 0.21%RT 00.6000% MAT 10/23/25FIXED RATE CD
99.10 0.29%
TOYOTA FINL SVG BK NV US 245,000.00 100.00 245,000.00 239,655.51 0.00 -5,344.49 -2.18% 2,205.00 0.92% 0.21%RT 00.9000% MAT 04/22/26FIXED RATE CD
97.57 0.28%
TRUIST BK NC US RT 245,000.00 100.00 245,000.00 245,927.38 0.00 927.38 0.38% 10,902.50 4.43% 0.21%04.4500% MAT 06/27/30FIXED RATE CD
99.96 0.29%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 10 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
TRUXTON TR CO NASH TN 245,000.00 99.98 244,938.75 242,152.36 0.00 -2,786.39 -1.14% 10,045.00 4.15% 0.21%US RT 04.1000% MAT02/27/30 FIXED RATE CD
98.80 0.29%
UBS BANK UT US RT 245,000.00 100.00 245,000.00 237,921.78 0.00 -7,078.22 -2.89% 2,082.50 0.88% 0.20%00.8500% MAT 06/16/26FIXED RATE CD
97.08 0.28%
USALLIANCE FED CRE NY US 245,000.00 100.00 245,000.00 243,541.85 0.00 -1,458.15 -0.60% 1,225.00 0.50% 0.21%RT 00.5000% MAT 09/29/25FIXED RATE CD
99.36 0.29%
USF FED CREDIT UNI FL US 245,000.00 100.00 245,000.00 245,258.59 0.00 258.59 0.11% 9,555.00 3.90% 0.21%RT 03.9000% MAT 05/01/28LICU SHARE CERTIFICATE
99.79 0.29%
VALLEYSTAR CR UN M VA 245,000.00 100.00 245,000.00 246,427.58 0.00 1,427.58 0.58% 12,250.00 4.97% 0.21%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE 100.43 0.29%
WELLS FARGO BK NA SD US 245,000.00 100.00 244,987.75 246,511.21 0.00 1,523.46 0.62% 10,045.00 4.07% 0.21%RT 04.1000% MAT 02/06/29FIXED RATE CD 100.34 0.29%
WORKERS CREDIT UNI MA 245,000.00 100.00 245,000.00 245,965.53 0.00 965.53 0.39% 10,045.00 4.08% 0.21%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE 100.29 0.29%
Total US Fixed Income $12,811,051 $12,756,221 -$742.02 -$54,830 -0.43% $369,074 2.89% 15.11% 10.92%Government FEDERAL FARM CREDIT 1,000,000.00 100.00 999,955.25 1,011,355.00 0.00 11,399.75 1.14% 47,500.00 4.70% 0.87%04.750 % DUE 043029 DTD043025 FC 10302025
99.95 1.20%
FEDERAL HOME LN BANK 1,000,000.00 100.00 1,000,004.78 1,009,070.14 -0.47 9,065.36 0.91% 41,750.00 4.14% 0.86%NTS 04.175 % DUE 031229DTD 031225 FC 09122025
99.30 1.19%
FFCB BOND 00.600 % DUE 2,000,000.00 100.00 2,000,000.00 1,978,793.33 0.00 -21,206.67 -1.06% 12,000.00 0.61% 1.69%112425 DTD 112420 FC05242021
98.83 2.34%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 11 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
Government
FFCB BOND 00.660 % DUE 2,000,000.00 100.00 2,000,000.00 1,995,406.67 0.00 -4,593.33 -0.23% 13,200.00 0.66% 1.71%091525 DTD 091521 FC03152022
99.52 2.36%
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,934,051.11 0.00 -65,948.89 -3.30% 36,800.00 1.90% 1.66%012627 DTD 012622 FC07262022
96.68 2.29%
FFCB BOND 04.000 % DUE 1,000,000.00 100.14 1,001,396.19 1,013,293.33 -79.35 11,897.14 1.19% 40,000.00 3.95% 0.87%040130 DTD 040125 FC10012025 100.00 1.20%
FFCB BOND 04.090 % DUE 2,000,000.00 99.95 1,999,005.25 2,001,868.33 0.00 2,863.08 0.14% 81,800.00 4.09% 1.71%071629 DTD 071625 FC01162026
99.92 2.37%
FFCB BOND 04.520 % DUE 1,000,000.00 100.00 1,000,005.17 1,009,207.78 -0.08 9,202.61 0.92% 45,200.00 4.48% 0.86%051430 DTD 051425 FC11142025
99.95 1.20%
FFCB BOND 04.620 % DUE 1,500,000.00 99.92 1,498,850.25 1,520,745.00 0.00 21,894.75 1.46% 69,300.00 4.56% 1.30%100129 DTD 100124 FC04012025
99.84 1.80%
FFCB NTS 00.940 % DUE 2,000,000.00 100.00 2,000,000.00 1,934,603.33 0.00 -65,396.67 -3.27% 18,800.00 0.97% 1.66%092826 DTD 092821 FC03282022
96.41 2.29%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 973,860.00 0.00 5,474.75 0.57% 10,500.00 1.08% 0.83%081326 DTD 081321 FC02132022
96.90 1.15%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,946,870.00 0.00 -53,130.00 -2.66% 35,600.00 1.83% 1.67%021027 DTD 021022 FC08102022
96.50 2.31%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 3,139,126.00 0.00 64,027.60 2.08% 64,621.50 2.06% 2.69%022527 DTD 022522 FC08252022
96.77 3.72%
FHLB BOND STEP-UP 2,000,000.00 100.00 2,000,000.00 1,971,760.00 0.00 -28,240.00 -1.41% 30,000.00 1.52% 1.69%1.5000% DUE 063026 DTD063021 FC 12302021
98.46 2.33%
FHLB NTS 1.0500% DUE 2,000,000.00 100.00 2,000,000.00 1,964,140.00 0.00 -35,860.00 -1.79% 21,000.00 1.07% 1.68%033026 DTD 033021 FC09302021
97.86 2.33%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 12 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLB NTS 1.1500% DUE 2,000,000.00 100.00 2,000,000.00 1,946,642.78 0.00 -53,357.22 -2.67% 23,000.00 1.18% 1.67%082626 DTD 082621 FC02262022
96.84 2.31%
FHLB NTS 1.5000% DUE 2,000,000.00 100.00 2,000,000.00 1,955,320.00 0.00 -44,680.00 -2.23% 30,000.00 1.53% 1.67%063026 DTD 063021 FC12302021
97.64 2.32%
FHLB NTS 04.500 % DUE 1,000,000.00 100.00 1,000,005.21 1,000,930.00 -0.04 924.79 0.09% 45,000.00 4.50% 0.86%011730 DTD 071725 FC01172026
99.92 1.19%
FHLB NTS 04.625 % DUE 1,000,000.00 99.76 997,555.25 1,007,088.06 0.00 9,532.81 0.96% 46,250.00 4.59% 0.86%101529 DTD 101524 FC04152025
99.35 1.19%
FHLMC NTS 04.000 % DUE 650,000.00 99.75 648,380.25 652,678.00 0.00 4,297.75 0.66% 26,000.00 3.98% 0.56%043029 DTD 043025 FC10302025
99.41 0.77%
FNMA NTS 00.500 % DUE 1,000,000.00 100.00 999,950.00 1,000,919.44 0.00 969.44 0.10% 5,000.00 0.50% 0.86%081425 DTD 081420 FC02142021
99.86 1.19%
FNMA NTS 00.540 % DUE 2,000,000.00 100.00 2,000,000.00 1,984,400.00 0.00 -15,600.00 -0.78% 10,800.00 0.54% 1.70%102725 DTD 102720 FC04272021
99.08 2.35%
FNMA NTS 00.560 % DUE 2,000,000.00 100.00 2,000,000.00 1,979,902.22 0.00 -20,097.78 -1.00% 11,200.00 0.57% 1.69%111725 DTD 111720 FC05172021
98.88 2.34%
FNMA NTS 04.125 % DUE 988,000.00 99.59 983,948.13 1,004,827.70 0.00 20,879.57 2.12% 40,755.00 4.06% 0.86%082825 DTD 083022 FC02282023
99.97 1.19%
FNMA NTS 04.300 % DUE 1,000,000.00 100.00 1,000,004.88 1,013,382.78 -0.37 13,377.90 1.34% 43,000.00 4.24% 0.87%030430 DTD 031225 FC09042025
99.68 1.20%
FNMA NTS 05.050 % DUE 1,000,000.00 100.00 1,000,000.00 1,005,949.72 0.00 5,949.72 0.59% 50,500.00 5.02% 0.86%062629 DTD 062824 FC12262024 100.10 1.19%
INTL FIN CORP NTS 00.500 2,000,000.00 100.00 2,000,000.00 1,977,071.11 0.00 -22,928.89 -1.15% 10,000.00 0.51% 1.69%% DUE 051526 DTD 052821FC 11152021
98.75 2.34%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 13 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
Government
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 966,602.50 0.00 -15,449.63 -1.57% 11,250.00 1.16% 0.83%10/31/26 DTD 10/31/21 FC04/30/22
96.38 1.14%
US TSY NOTE 03.500 % DUE 1,000,000.00 98.47 984,716.19 995,106.67 0.00 10,390.48 1.06% 35,000.00 3.52% 0.85%09/30/29 DTD 09/30/24 FC03/31/25
98.34 1.18%
US TSY NOTE 03.750 % DUE 1,000,000.00 98.65 986,458.38 996,910.00 0.00 10,451.62 1.06% 37,500.00 3.76% 0.85%05/31/30 DTD 05/31/23 FC11/30/23
99.07 1.18%
US TSY NOTE 03.875 % DUE 1,500,000.00 99.38 1,490,677.13 1,505,877.50 0.00 15,200.37 1.02% 58,125.00 3.86% 1.29%11/30/29 DTD 11/30/22 FC05/31/23
99.75 1.78%
US TSY NOTE 03.875 % DUE 1,017,000.00 97.76 994,218.09 1,017,655.22 0.00 23,437.13 2.36% 39,408.75 3.87% 0.87%12/31/29 DTD 12/31/22 FC06/30/23
99.74 1.21%
US TSY NOTE 04.000 % DUE 1,000,000.00 99.16 991,647.22 1,012,460.00 0.00 20,812.78 2.10% 40,000.00 3.95% 0.87%10/31/29 DTD 10/31/22 FC04/30/23 100.25 1.20%
US TSY NOTE 04.125 % DUE 1,000,000.00 98.38 983,770.88 1,017,502.50 0.00 33,731.62 3.43% 41,250.00 4.05% 0.87%10/31/29 DTD 10/31/24 FC04/30/25 100.72 1.20%
Total Government $49,586,084 $49,445,376 -$80.31 -$140,708 -0.28% $1,172,110 2.37% 58.55% 42.32%Corporate IG Credit ACCENTURE CAPITAL INC 3,000,000.00 99.12 2,973,745.75 3,006,037.50 0.00 32,291.75 1.09% 121,500.00 4.04% 2.57%04.050% 100429DTD100424 FC040425CALL@MW+10BP
98.89 3.56%
AMAZON.COM INC B/E 1,000,000.00 88.91 889,135.25 884,246.67 0.00 -4,888.58 -0.55% 15,000.00 1.70% 0.76%01.500% 060330DTD060320CALL@MW+15BP
88.18 1.05%
AMEREN ILL CO NTS B/E 1,500,000.00 99.67 1,494,995.25 1,493,943.33 0.00 -1,051.92 -0.07% 57,000.00 3.82% 1.28%03.800% 051528DTD052218 FC111518CALL@MW+15BP
98.79 1.77%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 14 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
CHARLES SCHWAB CORP 470,000.00 94.17 442,604.25 455,091.21 0.00 12,486.96 2.82% 15,275.00 3.36% 0.39%B/E 03.250% 052229DTD052219 FC112219
96.21 0.54%
CHARLES SCHWAB CORP 2,000,000.00 99.49 1,989,860.00 1,963,340.00 0.00 -26,520.00 -1.33% 18,000.00 0.92% 1.68%NTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP
97.82 2.33%
DTE ELEC CO B/E 02.250% 1,000,000.00 91.95 919,485.25 920,625.00 0.00 1,139.75 0.12% 22,500.00 2.44% 0.79%030130 DTD022620CALL@MW+15BP
91.13 1.09%
JOHN DEERE CPTL CORP 2,000,000.00 100.02 2,000,364.81 1,966,902.22 -3,537.40 -33,462.59 -1.67% 14,000.00 0.71% 1.68%00.700% 011526DTD010721 FC071521 MEDTERM NTS
98.31 2.33%
JOHN DEERE CPTL CORP 1,000,000.00 97.50 975,045.25 977,744.72 0.00 2,699.47 0.28% 33,500.00 3.43% 0.84%03.350% 041829DTD041822 FC101822 MEDTERM NTS
96.82 1.16%
JPMORGAN CHASE & CO 1,200,000.00 100.00 1,200,000.00 1,173,053.33 0.00 -26,946.67 -2.25% 9,600.00 0.82% 1.00%00.800% 022626DTD022621 FC082621 MEDTERM NTS
97.41 1.39%
JPMORGAN CHASE & CO 500,000.00 99.92 499,615.25 508,931.89 0.00 9,316.64 1.86% 25,060.00 4.92% 0.44%NTS 05.012% 012330DTD012324 FC072324CALL@MW+20BP 101.68 0.60%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,937,323.33 0.00 -62,676.67 -3.13% 21,000.00 1.08% 1.66%01.050% 082726DTD082721 FC022722 MEDTERM NTS
96.42 2.29%
ONCOR ELEC DELIVERY CO 500,000.00 100.12 500,576.25 510,187.50 -49.34 9,611.25 1.92% 23,250.00 4.56% 0.44%04.650% 110129DTD111324 FC050125CALL@MW+10BP 100.88 0.60%
PACIFICORP B/E 03.500% 1,000,000.00 97.14 971,415.25 966,262.22 0.00 -5,153.03 -0.53% 35,000.00 3.62% 0.83%061529 DTD030119FC061519 CALL@MW+15BP
96.18 1.14%
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 15 of 36 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of July 31, 2025 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 07/31/2025
Price on
07/31/2025
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
ST STREET BK & TR CO NTS 1,000,000.00 99.84 998,380.50 1,026,692.67 0.00 28,312.17 2.84% 47,820.00 4.66% 0.88%04.782% 112329DTD112524 FC052325 B/E 101.77 1.22%
TOYOTA MOTOR CREDIT 500,000.00 99.82 499,085.25 503,182.78 0.00 4,097.53 0.82% 22,250.00 4.42% 0.43%CORP 04.450% 062929DTD063022 FC122922CALL@MW+20BP 100.24 0.60%
UNITED HEALTH GROUP INC 2,000,000.00 100.04 2,000,772.53 1,950,975.56 -3,990.17 -49,796.97 -2.49% 23,000.00 1.18% 1.67%01.150% 051526DTD051921 FC111521CALL@MW+07.50BP
97.31 2.31%
UNITED HEALTH GROUP INC 1,000,000.00 98.46 984,595.25 993,024.44 0.00 8,429.19 0.86% 40,000.00 4.03% 0.85%04.000% 051529DTD052022 FC111522CALL@MW+20BP
98.46 1.18%
US BANCORP NTS B/E 1,000,000.00 99.40 993,985.50 1,004,830.00 0.00 10,844.50 1.09% 46,530.00 4.63% 0.86%04.653% 020129DTD020123 FC080123 100.48 1.19%
Total Corporate IG Credit $22,333,662 $22,242,394 -$7,576.91 -$91,267 -0.41% $590,285 2.65% 26.34% 19.04% Total US $84,730,797 $84,443,992 -$8,399.24 -$286,805 -0.34% $2,131,470 2.52% 100% 72.28% Total Fixed Income $84,730,797 $84,443,992 -$8,399.24 -$286,805 -0.34% $2,131,470 2.52% 100% 72.28%Total Portfolio $117,113,216 $116,826,410 -$286,805 -0.24% $2,949,571 2.52% 100% 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
portfolio
Total accrued interest (included in market values): $465,352.64(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 16 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025Summary of Bond HoldingsMaturityYear Yield to
maturity (%)
Yield to
worst (%)
Unrealized
Issues gain/loss ($) Mkt. value ($)
Est. annual
income ($)
Adjusted
cost basis ($)
Modified
duration
Current
Quantity yield (%) % of bond portfolio maturing
2025 16 12,301,000 113,913.00 0.93% 4.43% 4.43% 0.19 12,296,898.13 -84,408.98 12,245,709.98
14.54%
2026 30 27,365,000 340,110.00 1.27% 4.46% 4.46% 0.80 27,306,434.72 -591,346.82 26,798,333.40
31.81%
2027 11 9,175,000 197,046.50 2.21% 4.13% 4.13% 1.54 9,035,459.49 -129,459.49 8,957,149.71
10.61%
2028 10 3,679,000 154,604.00 4.21% 4.32% 4.22% 2.33 3,673,995.25 -5,735.17 3,689,840.36
4.37%
2029 27 24,607,000 1,022,646.25 4.18% 4.32% 4.27% 3.48 24,391,439.44 69,532.42 24,676,028.61
29.13%
2030 11 8,235,000 303,150.00 3.78% 4.31% 4.30% 4.15 8,026,570.24 -10,740.09 8,076,929.73
9.55%
2031 0 0 N/A N/A N/A2032 0 0 N/A N/A N/A2033 0 0 N/A N/A N/A2034 0 0 N/A N/A N/A2035 0 0 N/A N/A N/A2036 0 0 N/A N/A N/A2037 0 0 N/A N/A N/A2038 0 0 N/A N/A N/A2039 0 0 N/A N/A N/A2040 0 0 N/A N/A N/A2041 0 0 N/A N/A N/A2042 0 0 N/A N/A N/A2043 0 0 N/A N/A N/A2044 0 0 N/A N/A N/A2045 0 0 N/A N/A N/A2046 0 0 N/A N/A N/A2047 0 0 N/A N/A N/A2048 0 0 N/A N/A N/A2049 0 0 N/A N/A N/A2050 0 0 N/A N/A N/A2050 + 0 0 N/A N/A N/AOther 0 0 N/A N/A N/ATotal 105 85,362,000 $2,131,469.75 2.54% 4.34% 4.33% 2.10 $84,730,797.27 $-752,158.13 $84,443,991.78Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 17 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
Accr. interest ($)
Adjusted
cost basis ($)/
Unreal. g/l ($)
Call date/
Coupon Call price ($)
Modified
duration
YTM (%)/
Quantity YTW (%)
Effective
maturity
% of
bond
port.
Market
price ($)
4.34%4.33%
10/17/2027 N/A 2.10$84,730,797.27 N/A $83,978,639.14
$-752,158.13
85,362,000
2.54% $465,352.64
2.51% $2,131,469.75 100%
$84,443,991.78
Total Bond PortfolioDetails of Bond Holdings
Est. annual
income ($)/
Curr. yield (%)
Maturing 2025
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 999,950.00 99.860
2,319.44
0.50%
0.50% -1,350.00
08/14/2025 0.03 998,600.00 1.19%
4.37%
5,000.00 4.37%
NR/NR/NR
FNMA NTS 00.500 % DUE Aa1/AA+/AA+081425 DTD 081420 FC02142021 245,000 245,000.00 99.715
13.42 0.40%
0.40% -698.25
08/26/2025 0.07 244,301.75 0.29%
4.41%
COMMUNITY BK TN US RT 980.00 4.41%00.4000% MAT 08/26/25FIXED RATE CD /TN CD
245,000 245,000.00 99.693
8.05 0.40%
0.40% -752.15
08/28/2025 0.07 244,247.85 0.29%
4.42%
BANK3 TENNESSEE TN US RT 980.00 4.42%00.4000% MAT 08/28/25FIXED RATE CD /TN CD
988,000 983,948.13 99.973
17,094.46
4.13%
4.13% 3,785.11
08/28/2025 0.07 987,733.24 1.18%
4.41%
40,755.00 4.41%
NR/NR/NR
FNMA NTS 04.125 % DUE Aa1/AA+/AA+082825 DTD 083022 FC02282023 245,000 245,000.00 99.693
80.55 0.40%
0.40% -752.15
08/29/2025 0.07 244,247.85 0.29%
4.28%
HOME LN INVT BK RI US RT 980.00 4.28%00.4000% MAT 08/29/25FIXED RATE CD /RI CD
2,000,000 2,000,000.00 99.521
4,986.67
0.66%
0.66% -9,580.00
09/15/2025 0.12 1,990,420.00 2.37%
4.59%
13,200.00 4.59%
NR/NR/NR
FFCB BOND 00.660 % DUE Aa1/AA+/AA+091525 DTD 091521 FC03152022 245,000 245,000.00 99.431
24.16 0.40%
0.40% -1,394.05
09/22/2025 0.14 243,605.95 0.29%
4.34%
AMERICAN COMM BK GA 980.00 4.34%US RT 00.4000% MAT09/22/25 FIXED RATE CD /GA CD
108,000 108,000.00 99.422
135.67
0.35%
0.35% -624.24
09/22/2025 0.14 107,375.76 0.13%
4.35%
CHAMBERS BANK AK US RT 378.00 4.35%00.3500% MAT 09/22/25FIXED RATE CD /AK CD
245,000 245,000.00 99.361
107.40
0.50%
0.50% -1,565.55
09/29/2025 0.16 243,434.45 0.29%
4.41%
USALLIANCE FED CRE NY US 1,225.00 4.41%RT 00.5000% MAT 09/29/25FIXED RATE CD /NY CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 18 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2025 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 99.384
573.23
0.70%
0.70% -1,509.20
09/30/2025 0.16 243,490.80 0.29%
4.40%
JPMORGAN CHASE BK OH 1,715.00 4.40%US RT 00.7000% MAT09/30/25 FIXED RATE CD /OH CD
245,000 245,000.00 99.996
332.26
4.50%
4.50% -9.80
10/20/2025 08/20/2025 0.22 244,990.20 0.29%
4.52%4.52%
100.00
GREAT STHN BK MO US RT 11,025.0004.5000% MAT 10/20/25FIXED RATE CD /MO CD
245,000 245,000.00 99.099
32.22 0.60%
0.61% -2,207.45
10/23/2025 08/23/2025 0.22 242,792.55 0.29%
4.54%4.54%
100.00
TEXAS EXCHANGE BK TX US 1,470.00RT 00.6000% MAT 10/23/25FIXED RATE CD /TX CD
2,000,000 2,000,000.00 99.079
2,820.00
0.54%
0.55% -18,420.00
10/27/2025 0.23 1,981,580.00 2.36%
4.43%
10,800.00 4.43%
NR/NR/NR
FNMA NTS 00.540 % DUE Aa1/AA+/AA+102725 DTD 102720 FC04272021 2,000,000 2,000,000.00 98.880
2,302.22
0.56%
0.57% -22,400.00
11/17/2025 0.29 1,977,600.00 2.35%
4.41%
11,200.00 4.41%
NR/NR/NR
FNMA NTS 00.560 % DUE Aa1/AA+/AA+111725 DTD 111720 FC05172021 2,000,000 2,000,000.00 98.828
2,233.33
0.60%
0.61% -23,440.00
11/24/2025 0.30 1,976,560.00 2.35%
4.38%
12,000.00 4.38%
NR/NR/NR
FFCB BOND 00.600 % DUE Aa1/AA+/AA+112425 DTD 112420 FC05242021 245,000 245,000.00 98.575
157.74
0.50%
0.51% -3,491.25
12/15/2025 0.36 241,508.75 0.29%
4.36%
BK HAPOALIM BM NY US RT 1,225.00 4.36%00.5000% MAT 12/15/25FIXED RATE CD /NY CD
Total 2025 12,301,000 0.93% 10/13/2025 $113,913.00
0.93%
4.43%4.43%
0.19$12,296,898.13
$-84,408.98
$12,212,489.15
$33,220.83
14.54%
Maturing 2026
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,364.81 98.314
622.22
0.70%
0.71% -34,084.81
01/15/2026 0.44 1,966,280.00 2.34%
4.48%
14,000.00 4.48%
NR/NR/NR
JOHN DEERE CPTL CORP A1/A+/A00.700% 011526DTD010721 FC071521 MEDTERM NTS 245,000 245,000.00 99.972
5,106.40
4.25%
4.25% -68.60
02/02/2026 0.48 244,931.40 0.29%
4.31%
MORGAN STANLEY BK UT US 10,412.50 4.31%RT 04.2500% MAT 02/02/26FIXED RATE CD /UT CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 19 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
1,200,000 1,200,000.00 97.410
4,133.33
0.80%
0.82% -31,080.00
02/26/2026 0.55 1,168,920.00 1.39%
5.48%
9,600.00 5.48%
NR/NR/NR
JPMORGAN CHASE & CO A1/AA-/A00.800% 022626DTD022621 FC082621 MEDTERM NTS 245,000 245,000.00 99.737
4,336.16
3.80%
3.81% -644.35
03/11/2026 08/11/2025 0.59 244,355.65 0.29%
4.24%4.24%
100.00
CFG COMMUNITY BANK MD 9,310.00US RT 03.8000% MAT03/11/26 FIXED RATE CD/MD CD
2,000,000 1,989,860.00 97.817
7,000.00
0.90%
0.92% -33,520.00
03/11/2026 02/11/2026 0.59 1,956,340.00 2.33%
4.56%4.56%
100.00
18,000.00
NR/NR/NR
CHARLES SCHWAB CORP A2/A/ANTS 00.900% 031126DTD121120 FC031121CALL@MW+10BP 245,000 245,000.00 97.816
230.90
0.80%
0.82% -5,350.80
03/18/2026 09/18/2025 0.62 239,649.20 0.29%
4.33%4.33%
100.00
BMO HARRIS BK NA IL US RT 1,960.0000.8000% MAT 03/18/26FIXED RATE CD /IL CD
245,000 245,000.00 100.463
372.87
5.05%
5.03% 1,134.35
03/20/2026 0.62 246,134.35 0.29%
4.31%
AFFINITY PLUS MN US RT 12,372.50 4.31%05.0500% MAT 03/20/26LICU SHARE CERTIFICATE/MN CD
245,000 245,000.00 100.432
369.18
5.00%
4.98% 1,058.40
03/20/2026 0.62 246,058.40 0.29%
4.31%
VALLEYSTAR CR UN M VA 12,250.00 4.31%US RT 05.0000% MAT03/20/26 LICU SHARECERTIFICATE /VA CD
245,000 245,000.00 100.446
1,006.85
5.00%
4.98% 1,092.70
03/23/2026 0.63 246,092.70 0.29%
4.30%
TECHNOLOGY CREDIT CA US 12,250.00 4.30%RT 05.0000% MAT 03/23/26CREDIT UNION SHARE CERT/CA CD
245,000 245,000.00 100.390
4,329.45
5.00%
4.98% 955.50
03/24/2026 0.62 245,955.50 0.29%
4.36%
CIBC BANK ILLINOIS IL US RT 12,250.00 4.36%05.0000% MAT 03/24/26FIXED RATE CD /IL CD
245,000 245,000.00 97.819
773.26
0.90%
0.92% -5,343.45
03/25/2026 0.63 239,656.55 0.29%
4.33%
STATE BANK OF INDI NY US 2,205.00 4.33%RT 00.9000% MAT 03/25/26FIXED RATE CD /NY CD
2,000,000 2,000,000.00 97.857
7,000.00
1.05%
1.07% -42,860.00
03/30/2026 N/A 1,957,140.00 2.33%
N/A
21,000.00 N/A
NR/NR/NR
FHLB NTS 1.0500% DUE Aa1/NR/AA+033026 DTD 033021 FC09302021Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 20 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 97.806
0.00 0.95%
0.97% -5,375.30
03/31/2026 07/31/2025 N/A 239,624.70 0.29%
N/AN/A
100.00
BANKUNITED NA FLOR FL US 2,327.50RT 00.9500% MAT 03/31/26FIXED RATE CD /FL CD
245,000 245,000.00 97.657
191.30
0.95%
0.97% -5,740.35
04/16/2026 0.70 239,259.65 0.28%
4.31%
GREENSTATE CREDIT IA US 2,327.50 4.31%RT 00.9500% MAT 04/16/26FIXED RATE CD /IA CD
245,000 245,000.00 97.572
604.11
0.90%
0.92% -5,948.60
04/22/2026 0.71 239,051.40 0.28%
4.32%
TOYOTA FINL SVG BK NV US 2,205.00 4.32%RT 00.9000% MAT 04/22/26FIXED RATE CD /NV CD
2,000,000 2,000,000.00 98.748
2,111.11
0.50%
0.51% -25,040.00
05/15/2026 11/15/2025 N/A 1,974,960.00 2.35%
N/AN/A
100.00
10,000.00
NR/NR/NR
INTL FIN CORP NTS 00.500 % Aaa/NR/AAADUE 051526 DTD 052821 FC11152021 2,000,000 2,000,772.53 97.306
4,855.56
1.15%
1.18% -54,652.53
05/15/2026 04/15/2026 0.76 1,946,120.00 2.32%
4.67%4.67%
100.00
23,000.00
NR/NR/NR
UNITED HEALTH GROUP INC A2/A/A+01.150% 051526DTD051921 FC111521CALL@MW+07.50BP 245,000 245,000.00 97.076
85.58 0.85%
0.88% -7,163.80
06/16/2026 12/16/2025 0.87 237,836.20 0.28%
4.25%4.25%
100.00
UBS BANK UT US RT 2,082.5000.8500% MAT 06/16/26FIXED RATE CD /UT CD
245,000 245,000.00 99.357
738.69
3.55%
3.57% -1,575.35
06/30/2026 08/30/2025 0.88 243,424.65 0.29%
4.27%4.27%
100.00
ALLY BK UT US RT 03.5500% 8,697.50MAT 06/30/26 FIXED RATECD /UT CD
2,000,000 2,000,000.00 98.463
2,500.00
1.50%
1.52% -30,740.00
06/30/2026 09/30/2025 N/A 1,969,260.00 2.34%
N/AN/A
100.00
30,000.00
NR/NR/NR
FHLB BOND STEP-UP Aa1/NR/AA+1.5000% DUE 063026 DTD063021 FC 12302021 2,000,000 2,000,000.00 97.641
2,500.00
1.50%
1.54% -47,180.00
06/30/2026 N/A 1,952,820.00 2.33%
N/A
30,000.00 N/A
NR/NR/NR
FHLB NTS 1.5000% DUE Aa1/NR/AA+063026 DTD 063021 FC12302021 245,000 245,000.00 96.827
145.66
0.70%
0.72% -7,773.85
07/01/2026 0.89 237,226.15 0.28%
4.26%
NEW YORK CMNTY BK NY 1,715.00 4.26%US RT 00.7000% MAT07/01/26 FIXED RATE CD /NY CD
1,000,000 968,385.25 96.896
4,900.00
1.05%
1.08% 574.75
08/13/2026 08/13/2025 1.00 968,960.00 1.15%
4.15%4.15%
100.00
10,500.00
NR/NR/NR
FHLB BOND 01.050 % DUE Aa1/NR/AA+081326 DTD 081321 FC02132022Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 21 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2026 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 96.570
161.10
0.80%
0.83% -8,403.50
08/13/2026 1.02 236,596.50 0.28%
4.19%
LIVE OAK BKG CO NC US RT 1,960.00 4.19%00.8000% MAT 08/13/26FIXED RATE CD /NC CD
2,000,000 2,000,000.00 96.837
9,902.78
1.15%
1.19% -63,260.00
08/26/2026 N/A 1,936,740.00 2.31%
N/A
23,000.00 N/A
NR/NR/NR
FHLB NTS 1.1500% DUE Aa1/NR/AA+082626 DTD 082621 FC02262022 2,000,000 2,000,000.00 96.417
8,983.33
1.05%
1.09% -71,660.00
08/27/2026 08/27/2025 1.04 1,928,340.00 2.30%
4.51%4.51%
100.00
21,000.00
NR/NR/NR
MORGAN STANLEY FIN LLC A1/A+/A01.050% 082726DTD082721 FC022722 MEDTERM NTS 2,000,000 2,000,000.00 96.409
6,423.33
0.94%
0.98% -71,820.00
09/28/2026 1.12 1,928,180.00 2.30%
4.15%
18,800.00 4.15%
NR/NR/NR
FFCB NTS 00.940 % DUE Aa1/AA+/AA+092826 DTD 092821 FC03282022 1,000,000 982,052.13 96.379
2,812.50
1.13%
1.17% -18,262.13
10/31/2026 1.21 963,790.00 1.15%
4.13%
11,250.00 4.13%
NR/NR/NR
US TSY NOTE 01.125 % DUE NR/AA+/NR10/31/26 DTD 10/31/21 FC04/30/22 245,000 245,000.00 96.201
524.90
1.15%
1.20% -9,307.55
11/24/2026 1.28 235,692.45 0.28%
4.14%
CAPITAL ONE BK USA VA US 2,817.50 4.14%RT 01.1500% MAT 11/24/26FIXED RATE CD /VA CD
245,000 245,000.00 96.201
524.90
1.15%
1.20% -9,307.55
11/24/2026 1.28 235,692.45 0.28%
4.14%
CAPITAL ONE NA VA US RT 2,817.50 4.14%01.1500% MAT 11/24/26FIXED RATE CD /VA CD
Total 2026 27,365,000 1.25% 06/05/2026 $340,110.00
1.27%
4.46%4.46%
0.80$27,306,434.72
$-591,346.82
$26,715,087.90
$83,245.50
31.81%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 22 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
2,000,000 2,000,000.00 96.677
511.11
1.84%
1.90% -66,460.00
01/26/2027 1.44 1,933,540.00 2.30%
4.17%
36,800.00 4.17%
NR/NR/NR
FFCB BOND 01.840 % DUE Aa1/AA+/AA+012627 DTD 012622 FC07262022 2,000,000 2,000,000.00 96.498
16,910.00
1.78%
1.84% -70,040.00
02/10/2027 08/10/2025 1.46 1,929,960.00 2.30%
4.17%4.17%
100.00
35,600.00
NR/NR/NR
FHLB BOND 01.780 % DUE Aa1/NR/AA+021027 DTD 021022 FC08102022 245,000 245,000.00 96.441
342.33
1.70%
1.76% -8,719.55
02/18/2027 1.52 236,280.45 0.28%
4.07%
METRO CREDIT UNION MA 4,165.00 4.07%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 96.453
148.34
1.70%
1.76% -8,690.15
02/18/2027 1.52 236,309.85 0.28%
4.06%
PENTAGON FED CREDI VA US 4,165.00 4.06%RT 01.7000% MAT 02/18/27CREDIT UNION SHARE CERT/VA CD
3,215,000 3,075,098.40 96.769
28,002.65
2.01%
2.08% 36,024.95
02/25/2027 08/25/2025 1.50 3,111,123.35 3.70%
4.16%4.16%
100.00
64,621.50
NR/NR/NR
FHLB BOND 02.010 % DUE Aa1/NR/AA+022527 DTD 022522 FC08252022 245,000 245,361.09 96.842
2,027.12
2.00%
2.07% -8,098.19
03/02/2027 1.52 237,262.90 0.28%
4.07%
EAGLEMARK SVGS BK NV US 4,900.00 4.07%RT 02.0000% MAT 03/02/27FIXED RATE CD /NV CD
245,000 245,000.00 98.574
1,460.60
3.20%
3.25% -3,493.70
05/24/2027 1.73 241,506.30 0.29%
4.02%
DISCOVER BANK DE US RT 7,840.00 4.02%03.2000% MAT 05/24/27FIXED RATE CD /DE CD
245,000 245,000.00 101.283
504.77
4.70%
4.64% 3,143.35
06/15/2027 1.78 248,143.35 0.30%
3.99%
ESSENTIAL FED CRED LA US 11,515.00 3.99%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE /LA CD
245,000 245,000.00 98.671
349.04
3.25%
3.29% -3,256.05
06/15/2027 1.81 241,743.95 0.29%
3.99%
LAFAYETTE FED CRED MD US 7,962.50 3.99%RT 03.2500% MAT 06/15/27LICU SHARE CERTIFICATE/MD CD
245,000 245,000.00 99.760
646.06
3.85%
3.86% -588.00
11/08/2027 2.16 244,412.00 0.29%
3.96%
FARMERS & MERCHANT WI 9,432.50 3.96%US RT 03.8500% MAT11/08/27 FIXED RATE CD /WI CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 23 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2027 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.293
247.68
4.10%
4.09% 717.85
11/22/2027 2.19 245,717.85 0.29%
3.97%
WORKERS CREDIT UNI MA 10,045.00 3.97%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE /MA CD
Total 2027 9,175,000 2.16% 03/10/2027 $197,046.50
2.21%
4.13%4.13%
1.54 $9,035,459.49
$-129,459.49
$8,906,000.00
$51,149.71
10.61%
Maturing 2028
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 100.037
3,624.66
4.00%
4.00% 90.65
03/20/2028 2.44 245,090.65 0.29%
3.98%
GOLDMAN SACHS BANK NY 9,800.00 3.98%US RT 04.0000% MAT03/20/28 FIXED RATE CD /NY CD
245,000 245,000.00 99.938
285.27
4.25%
4.25% -151.90
03/21/2028 03/21/2026 2.48 244,848.10 0.29%
4.27%4.27%
100.00
AMER NATL BK OMA NE US 10,412.50RT 04.2500% MAT 03/21/28FIXED RATE CD /NE CD
245,000 245,000.00 100.471
939.73
5.00%
4.98% 1,153.95
04/03/2028 04/03/2026 0.65 246,153.95 0.29%
4.29%4.81%
100.00
ARBOR FINL CREDIT MI US RT 12,250.0005.0000% MAT 04/03/28FIXED RATE CD /MI CD
245,000 245,000.00 99.996
28.86 4.30%
4.30% -9.80
04/28/2028 10/30/2025 2.58 244,990.20 0.29%
4.30%4.30%
100.00
DIVERSIFIED MEMBER MI US 10,535.00RT 04.3000% MAT 04/28/28LICU SHARE CERTIFICATE /MI CD
245,000 245,000.00 99.785
785.34
3.90%
3.91% -526.75
05/01/2028 2.59 244,473.25 0.29%
3.98%
USF FED CREDIT UNI FL US RT 9,555.00 3.98%03.9000% MAT 05/01/28LICU SHARE CERTIFICATE /FL CD
1,500,000 1,494,995.25 98.794
12,033.33
3.80%
3.85% -13,085.25
05/15/2028 02/15/2028 2.59 1,481,910.00 1.76%
4.26%4.26%
100.00
57,000.00
NR/NR/NR
AMEREN ILL CO NTS B/E A1/WD/A03.800% 051528DTD052218 FC111518CALL@MW+15BP 245,000 245,000.00 99.795
563.84
4.20%
4.21% -502.25
07/11/2028 01/11/2026 2.75 244,497.75 0.29%
4.27%4.27%
100.00
FIRST FED SVGS BK IN US RT 10,290.0004.2000% MAT 07/11/28FIXED RATE CD /IN CD
245,000 245,000.00 100.196
604.78
5.30%
5.29% 480.20
07/14/2028 10/14/2025 0.20 245,480.20 0.29%
4.34%5.23%
100.00
CY-FAIR FED CREDIT TX US 12,985.00RT 05.3000% MAT 07/14/28FIXED RATE CD /TX CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 24 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2028 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 245,000.00 102.816
469.86
5.00%
4.86% 6,899.20
07/17/2028 2.74 251,899.20 0.30%
3.99%
NEW ORLEANS FIREME LA US 12,250.00 3.99%RT 05.0000% MAT 07/17/28FIXED RATE CD /LA CD
219,000 219,000.00 99.962
2,244.60
4.35%
4.35% -83.22
11/06/2028 11/06/2025 2.98 218,916.78 0.26%
4.36%4.36%
100.00
FIRST GTY BK HAMMO LA US 9,526.50RT 04.3500% MAT 11/06/28FIXED RATE CD /LA CD
Total 2028 3,679,000 4.21% 05/26/2028 $154,604.00
4.21%
4.32%4.22%
2.33 $3,673,995.25
$-5,735.17
$3,668,260.08
$21,580.28
4.37%
Maturing 2029
Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
245,000 243,750.40 99.368
484.63
3.80%
3.82% -298.80
01/12/2029 3.22 243,451.60 0.29%
4.00%
GUARANTY BK MO US RT 9,310.00 4.00%03.8000% MAT 01/12/29FIXED RATE CD /MO CD
1,000,000 993,985.50 100.483
0.00 4.65%
4.63% 10,844.50
02/01/2029 02/01/2028 N/A 1,004,830.00 1.20%
N/AN/A
100.00
46,530.00
NR/NR/NR
US BANCORP NTS B/E A3/A/A04.653% 020129DTD020123 FC080123 245,000 244,987.75 100.336
688.01
4.10%
4.09% 835.45
02/06/2029 3.26 245,823.20 0.29%
4.00%
WELLS FARGO BK NA SD US 10,045.00 4.00%RT 04.1000% MAT 02/06/29FIXED RATE CD /SD CD
245,000 244,755.00 100.068
787.36
5.10%
5.10% 411.60
03/08/2029 08/08/2025 0.02 245,166.60 0.29%
1.99%5.08%
100.00
EATON CMNTY BK MI US RT 12,495.0005.1000% MAT 03/08/29FIXED RATE CD /MI CD
1,000,000 1,000,004.78 99.295
16,120.14
4.18%
4.20% -7,054.78
03/12/2029 03/12/2027 3.26 992,950.00 1.18%
4.39%4.39%
100.00
41,750.00
NR/NR/NR
FEDERAL HOME LN BANK Aa1/NR/AA+NTS 04.175 % DUE 031229DTD 031225 FC 09122025 1,000,000 975,045.25 96.816
9,584.72
3.35%
3.46% -6,885.25
04/18/2029 3.41 968,160.00 1.15%
4.29%
33,500.00 4.29%
NR/NR/NR
JOHN DEERE CPTL CORP A1/A+/A03.350% 041829DTD041822 FC101822 MEDTERM NTS 1,000,000 999,955.25 99.948
11,875.00
4.75%
4.75% -475.25
04/30/2029 3.35 999,480.00 1.19%
4.76%
47,500.00 4.76%
NR/NR/NR
FEDERAL FARM CREDIT Aa1/AA+/AA+04.750 % DUE 043029 DTD043025 FC 10302025Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 25 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2029 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
650,000 648,380.25 99.412
6,500.00
4.00%
4.02% -2,202.25
04/30/2029 04/30/2026 3.41 646,178.00 0.77%
4.17%4.17%
100.00
26,000.00
NR/NR/NR
FHLMC NTS 04.000 % DUE Aa1/AA+/AA+043029 DTD 043025 FC10302025 1,000,000 984,595.25 98.458
8,444.44
4.00%
4.06% -15.25
05/15/2029 03/15/2029 3.44 984,580.00 1.17%
4.45%4.45%
100.00
40,000.00
NR/NR/NR
UNITED HEALTH GROUP INC A2/A/A+04.000% 051529DTD052022 FC111522CALL@MW+20BP 470,000 442,604.25 96.205
2,927.71
3.25%
3.38% 9,559.25
05/22/2029 02/22/2029 3.50 452,163.50 0.54%
4.34%4.34%
100.00
15,275.00
NR/NR/NR
CHARLES SCHWAB CORP B/E A2/A/A03.250% 052229DTD052219 FC112219 1,000,000 971,415.25 96.179
4,472.22
3.50%
3.64% -9,625.25
06/15/2029 03/15/2029 3.55 961,790.00 1.15%
4.59%4.59%
100.00
35,000.00
NR/NR/NR
PACIFICORP B/E 03.500% A3/NR/A061529 DTD030119FC061519 CALL@MW+15BP 1,000,000 1,000,000.00 100.104
4,909.72
5.05%
5.04% 1,040.00
06/26/2029 12/26/2025 0.39 1,001,040.00 1.19%
4.76%5.02%
100.00
50,500.00
NR/NR/NR
FNMA NTS 05.050 % DUE Aa1/AA+/AA+062629 DTD 062824 FC12262024 500,000 499,085.25 100.241
1,977.78
4.45%
4.44% 2,119.75
06/29/2029 3.54 501,205.00 0.60%
4.38%
22,250.00 4.38%
NR/NR/NR
TOYOTA MOTOR CREDIT A1/A+/A+CORP 04.450% 062929DTD063022 FC122922CALL@MW+20BP 2,000,000 1,999,005.25 99.923
3,408.33
4.09%
4.09% -545.25
07/16/2029 07/16/2027 3.61 1,998,460.00 2.38%
4.11%4.11%
100.00
81,800.00
NR/NR/NR
FFCB BOND 04.090 % DUE Aa1/AA+/AA+071629 DTD 071625 FC01162026 245,000 240,222.50 98.439
3,093.04
3.60%
3.66% 953.05
09/25/2029 3.77 241,175.55 0.29%
4.01%
AMER EXPRESS NATL UT US 8,820.00 4.01%RT 03.6000% MAT 09/25/29FIXED RATE CD /UT CD
1,000,000 984,716.19 98.344
11,666.67
3.50%
3.56% -1,276.19
09/30/2029 3.79 983,440.00 1.17%
3.93%
35,000.00 3.93%
NR/NR/NR
US TSY NOTE 03.500 % DUE Aa1/AA+/AA+09/30/29 DTD 09/30/24 FC03/31/25 1,500,000 1,498,850.25 99.843
23,100.00
4.62%
4.63% -1,205.25
10/01/2029 3.69 1,497,645.00 1.78%
4.66%
69,300.00 4.66%
NR/NR/NR
FFCB BOND 04.620 % DUE Aa1/AA+/AA+100129 DTD 100124 FC04012025 3,000,000 2,973,745.75 98.885
39,487.50
4.05%
4.10% -7,195.75
10/04/2029 09/04/2029 3.74 2,966,550.00 3.53%
4.34%4.34%
100.00
121,500.00
NR/NR/NR
ACCENTURE CAPITAL INC Aa3/A+/AA04.050% 100429DTD100424 FC040425CALL@MW+10BPIncludes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 26 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2029 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 997,555.25 99.347
13,618.06
4.63%
4.66% -4,085.25
10/15/2029 3.72 993,470.00 1.18%
4.80%
46,250.00 4.80%
NR/NR/NR
FHLB NTS 04.625 % DUE Aa1/NR/AA+101529 DTD 101524 FC04152025 1,000,000 991,647.22 100.246
10,000.00
4.00%
3.99% 10,812.78
10/31/2029 3.83 1,002,460.00 1.19%
3.94%
40,000.00 3.94%
NR/NR/NR
US TSY NOTE 04.000 % DUE Aa1/AA+/AA+10/31/29 DTD 10/31/22 FC04/30/23 1,000,000 983,770.88 100.719
10,312.50
4.13%
4.10% 23,419.12
10/31/2029 3.82 1,007,190.00 1.20%
3.94%
41,250.00 3.94%
NR/NR/NR
US TSY NOTE 04.125 % DUE Aa1/AA+/AA+10/31/29 DTD 10/31/24 FC04/30/25 500,000 500,576.25 100.875
5,812.50
4.65%
4.61% 3,798.75
11/01/2029 10/01/2029 3.69 504,375.00 0.60%
4.42%4.42%
100.00
23,250.00
NR/NR/NR
ONCOR ELEC DELIVERY CO A2/A/A04.650% 110129DTD111324 FC050125CALL@MW+10BP 245,000 244,510.00 100.147
1,930.13
4.05%
4.04% 850.15
11/21/2029 3.89 245,360.15 0.29%
4.01%
SALLIE MAE BANK UT US RT 9,922.50 4.01%04.0500% MAT 11/21/29FIXED RATE CD /UT CD
1,000,000 998,380.50 101.766
9,032.67
4.78%
4.70% 19,279.50
11/23/2029 3.83 1,017,660.00 1.21%
4.33%
47,820.00 4.33%
NR/NR/NR
ST STREET BK & TR CO NTS Aa2/AA/AA04.782% 112329DTD112524 FC052325 B/E 245,000 245,000.00 100.344
1,816.36
4.10%
4.09% 842.80
11/26/2029 3.90 245,842.80 0.29%
4.01%
STATE BK IL US RT 04.1000% 10,045.00 4.01%MAT 11/26/29 FIXED RATECD /IL CD
1,500,000 1,490,677.13 99.746
9,687.50
3.88%
3.88% 5,512.87
11/30/2029 3.92 1,496,190.00 1.78%
3.94%
58,125.00 3.94%
NR/NR/NR
US TSY NOTE 03.875 % DUE Aa1/AA+/NR11/30/29 DTD 11/30/22 FC05/31/23 1,017,000 994,218.09 99.738
3,319.76
3.88%
3.89% 20,117.37
12/31/2029 4.00 1,014,335.46 1.21%
3.94%
39,408.75 3.94%
NR/NR/NR
US TSY NOTE 03.875 % DUE Aa1/AA+/AA+12/31/29 DTD 12/31/22 FC06/30/23 Total 2029 24,607,000 4.16% 08/10/2029 $1,022,646.25
4.18%
4.32%4.27%
3.48$24,391,439.44
$69,532.42
$24,460,971.86
$215,056.75
29.13%
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 27 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2030 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
1,000,000 1,000,005.21 99.918
1,750.00
4.50%
4.50% -825.21
01/17/2030 07/17/2026 3.99 999,180.00 1.19%
4.52%4.52%
100.00
45,000.00
NR/NR/NR
FHLB NTS 04.500 % DUE Aa1/NR/AA+011730 DTD 071725 FC01172026 500,000 499,615.25 101.675
556.89
5.01%
4.93% 8,759.75
01/23/2030 01/23/2029 3.16 508,375.00 0.61%
4.49%4.59%
100.00
25,060.00
NR/NR/NR
JPMORGAN CHASE & CO A1/AA-/ANTS 05.012% 012330DTD012324 FC072324CALL@MW+20BP 245,000 244,938.75 98.804
82.56 4.10%
4.15% -2,868.95
02/27/2030 02/28/2026 4.16 242,069.80 0.29%
4.39%4.39%
100.00
TRUXTON TR CO NASH TN 10,045.00US RT 04.1000% MAT02/27/30 FIXED RATE CD /TN CD
1,000,000 919,485.25 91.125
9,375.00
2.25%
2.47% -8,235.25
03/01/2030 12/01/2029 4.23 911,250.00 1.09%
4.41%4.41%
100.00
22,500.00
NR/NR/NR
DTE ELEC CO B/E 02.250% Aa3/A+/A030130 DTD022620CALL@MW+15BP 1,000,000 1,000,004.88 99.678
16,602.78
4.30%
4.31% -3,224.88
03/04/2030 03/04/2027 4.05 996,780.00 1.19%
4.38%4.38%
100.00
43,000.00
NR/NR/NR
FNMA NTS 04.300 % DUE Aa1/AA+/AA+030430 DTD 031225 FC09042025 1,000,000 1,001,396.19 99.996
13,333.33
4.00%
4.00% -1,436.19
04/01/2030 4.16 999,960.00 1.19%
4.00%
40,000.00 4.00%
NR/NR/NR
FFCB BOND 04.000 % DUE Aa1/AA+/AA+040130 DTD 040125 FC10012025 245,000 240,525.91 98.479
49.00 3.65%
3.71% 747.64
04/29/2030 4.34 241,273.55 0.29%
4.00%
CELTIC BK UT US RT 8,942.50 4.00%03.6500% MAT 04/29/30FIXED RATE CD /UT CD
1,000,000 1,000,005.17 99.954
9,667.78
4.52%
4.52% -465.17
05/14/2030 05/14/2026 4.22 999,540.00 1.19%
4.53%4.53%
100.00
45,200.00
NR/NR/NR
FFCB BOND 04.520 % DUE Aa1/AA+/AA+051430 DTD 051425 FC11142025 1,000,000 986,458.38 99.066
6,250.00
3.75%
3.79% 4,201.62
05/31/2030 4.35 990,660.00 1.18%
3.96%
37,500.00 3.96%
NR/NR/NR
US TSY NOTE 03.750 % DUE Aa1/AA+/AA+05/31/30 DTD 05/31/23 FC11/30/23 1,000,000 889,135.25 88.183
2,416.67
1.50%
1.70% -7,305.25
06/03/2030 03/03/2030 4.56 881,830.00 1.05%
4.23%4.23%
100.00
15,000.00
NR/NR/NR
AMAZON.COM INC B/E A1/AA-/AA01.500% 060330DTD060320CALL@MW+15BP 245,000 245,000.00 99.964
1,015.58
4.45%
4.45% -88.20
06/27/2030 06/27/2026 4.31 244,911.80 0.29%
4.45%4.45%
100.00
TRUIST BK NC US RT 10,902.5004.4500% MAT 06/27/30FIXED RATE CD /NC CD
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 28 of 36 Consolidated report prepared for City of Glendora
Bond Holdingsas of July 31, 2025 (continued)Maturing 2030 Effective rating/
Underlying rating
(Mdy/Fitch/S&P) Quantity Coupon
Effective
maturity
Call date/
Call price ($)
Est. annual
income ($)/
Curr. yield (%)
YTM (%)/
YTW (%)
Modified
duration
Market
price ($)
Mkt. value ($)/
Accr. interest ($)
% of
bond
port.
Adjusted
cost basis ($)/
Unreal. g/l ($)
Total 2030 8,235,000 3.73% 04/03/2030 $303,150.00
3.78%
4.31%4.30%
4.15 $8,026,570.24
$-10,740.09
$8,015,830.15
$61,099.58
9.55%
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
Accr. interest ($)
Adjusted
cost basis ($)/
Unreal. g/l ($)
Call date/
Coupon Call price ($)
Modified
duration
YTM (%)/
YTW (%)
Est. annual
income ($)/
Quantity Curr. yield (%)
Effective
maturity
% of
bond
port.
Market
price ($)
4.34%4.33%
10/17/2027 N/A 2.10$84,730,797.27 N/A $83,978,639.14
$-752,158.13
85,362,000
2.54% $465,352.64 Total Bond Portfolio 2.51% $2,131,469.75 100% $84,443,991.78
Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: August 04, 2025 Page 29 of 36 Important Information About This Report Disclosures Applicable to Accounts at UBS Financial Services Inc.
This section contains important disclosures regarding the information and valuations presented here. Allinformation presented is subject to change at any time and is provided only as of the date indicated. Theinformation in this report is for informational purposes only and should not be relied upon as the basis of aninvestment or liquidation decision. UBS FS account statements and official tax documents are the only officialrecord of your accounts and are not replaced, amended or superseded by any of the information presented inthese reports. You should not rely on this information in making purchase or sell decisions, for tax purposes orotherwise.UBS FS offers a number of investment advisory programs to clients, acting in our capacity as an investmentadviser, including fee-based financial planning, discretionary account management, non-discretionary investmentadvisory programs, and advice on the selection of investment managers and mutual funds offered through ourinvestment advisory programs. When we act as your investment adviser, we will have a written agreement withyou expressly acknowledging our investment advisory relationship with you and describing our obligations toyou. At the beginning of our advisory relationship, we will give you our Form ADV brochure(s) for the program(s)you selected that provides detailed information about, among other things, the advisory services we provide, ourfees, our personnel, our other business activities and financial industry affiliations and conflicts between ourinterests and your interests.In our attempt to provide you with the highest quality information available, we have compiled this report usingdata obtained from recognized statistical sources and authorities in the financial industry. While we believe thisinformation to be reliable, we cannot make any representations regarding its accuracy or completeness. Pleasekeep this guide as your Advisory Review.Please keep in mind that most investment objectives are long term. Although it is important to evaluate yourportfolio's performance over multiple time periods, we believe the greatest emphasis should be placed on thelonger period returns.Please review the report content carefully and contact your Financial Advisor with any questions.Client Accounts: This report may include all assets in the accounts listed and may include eligible and ineligibleassets in a fee-based program. Since ineligible assets are not considered fee-based program assets, the inclusionof such securities will distort the actual performance of your accounts and does not reflect the performance ofyour accounts in the fee-based program. As a result, the performance reflected in this report can varysubstantially from the individual account performance reflected in the performance reports provided to you aspart of those programs. For fee-based programs, fees are charged on the market value of eligible assets in theaccounts and assessed quarterly in advance, prorated according to the number of calendar days in the billingperiod. When shown on a report, the risk profile and return objectives describe your overall goals for theseaccounts. For each account you maintain, you choose one return objective and a primary risk profile. If you havequestions regarding these objectives or wish to change them, please contact your Financial Advisor to updateyour account records.Performance: This report presents account activity and performance depending on which inception type you'vechosen. The two options are: (1) All Assets (Since Performance Start): This presents performance for all assetssince the earliest possible date; (2) Advisory Assets (Advisory Strategy Start) for individual advisory accounts: Thispresents Advisory level performance since the Latest Strategy Start date; If an account that has never beenmanaged is included in the consolidated report, the total performance of that unmanaged account will beincluded since inception.
Time-weighted Returns for accounts / SWP/AAP sleeves (Monthly periods): The report displays a timeweighted rate of return (TWR) that is calculated using the Modified Dietz Method. This calculation uses thebeginning and ending portfolio values for the month and weighs each contribution/withdrawal based upon theday the cash flow occurred. Periods greater than one month are calculated by linking the monthly returns. TheTWR gives equal weighting to every return regardless of amount of money invested, so it is an effective measurefor returns on a fee based account. All periods shown which are greater than 12 months are annualized. Thisapplies to all performance for all assets before 09/30/2010, Advisory assets before 12/31/2010 and SWP sleevesbefore 04/30/2018.Time-weighted Returns for accounts / SWP/AAP sleeves (Daily periods): The report displays a timeweighted rate of return (TWR) that is calculated by dividing the portfolio's daily gain/loss by the previous day'sclosing market value plus the net value of cash flows that occurred during the day, if it was positive. The TWRgives equal weighting to every return regardless of amount of money invested, so it is an effective measure forreturns on a fee based account. Periods greater than one day are calculated by linking the daily returns. Allperiods shown which are greater than 12 months are annualized. For reports generated prior to 01/26/2018, theperformance calculations used the account's end of day value on the performance inception (listed in the reportunder the column "ITD") and all cash flows were posted at end of day. As a result of the change, the overallrate of return (TWR) and beginning market value displayed can vary from prior generated reports. This applies toall performance for all assets on or after 09/30/2010, Advisory assets on or after 12/31/2010, SWP/AAP sleeveson or after 04/30/2018 as well as all Asset Class and Security level returns.Money-weighted returns: Money-weighted return (MWR) is a measure of the rate of return for an asset orportfolio of assets. It is calculated by finding the daily Internal Rate of Return (IRR) for the period and thencompounding this return by the number of days in the period being measured. The MWR incorporates the sizeand timing of cash flows, so it is an effective measure of returns on a portfolio.Annualized Performance: All performance periods greater than one year are calculated (unless otherwisestated) on an annualized basis, which represents the return on an investment multiplied or divided to give acomparable one year return.Cumulative Performance: A cumulative return is the aggregate amount that an investment has gained or lostover time, independent of the period of time involved.Net of Fees and Gross of Fees Performance: Performance is presented on a "net of fees" and "gross offees" basis, where indicated. Net returns do not reflect Program and wrap fees prior to 10/31/10 for accountsthat are billed separately via invoice through a separate account billing arrangement. Gross returns do not reflectthe deduction of fees, commissions or other charges. The payment of actual fees and expenses will reduce aclient's return. The compound effect of such fees and expenses should be considered when reviewing returns.For example, the net effect of the deduction of fees on annualized performance, including the compoundedeffect over time, is determined by the relative size of the fee and the account's investment performance. Itshould also be noted that where gross returns are compared to an index, the index performance also does notreflect any transaction costs, which would lower the performance results. Market index data maybe subject toreview and revision.Benchmark/Major Indices: The past performance of an index is not a guarantee of future results. Anybenchmark is shown for informational purposes only and relates to historical performance of market indices andnot the performance of actual investments. Although most portfolios use indices as benchmarks, portfolios areactively managed and generally are not restricted to investing only in securities in the index. As a result, your Report created on: August 04, 2025 Page 30 of 36
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) portfolio holdings and performance may vary substantially from the index. Each index reflects an unmanageduniverse of securities without any deduction for advisory fees or other expenses that would reduce actualreturns, as well as the reinvestment of all income and dividends. An actual investment in the securities includedin the index would require an investor to incur transaction costs, which would lower the performance results.Indices are not actively managed and investors cannot invest directly in the indices. Market index data maybesubject to review and revision. The benchmark index is selected from among the indices for which UBSFS haslicensing agreements with the index provider. UBSFS does not have licensing agreements for all available indices.The benchmarks may vary from those used by the Money Manager or those listed in the prospectus. Further,there is no guarantee that an investor's account will meet or exceed the stated benchmark. Index performanceinformation has been obtained from third parties deemed to be reliable. We have not independently verified thisinformation, nor do we make any representations or warranties to the accuracy or completeness of thisinformation.Blended Index - For Advisory accounts, Blended Index is designed to reflect the asset categories in which youraccount is invested. For Brokerage accounts, you have the option to select any benchmark from the list.For certain products, the blended index represents the investment style corresponding to your client targetallocation. If you change your client target allocation, your blended index will change in step with your changeto your client target allocation.Blended Index 2 - 8 - are optional indices selected by you which may consist of a blend of indexes. For advisoryaccounts, these indices are for informational purposes only. Depending on the selection, the benchmark selectedmay not be an appropriate basis for comparison of your portfolio based on its holdings.For alternative investments and strategies that are highly customized, such as Concentrated Equity Solutions(CES), benchmarks are broad market indices included for general reference and are not intended to showcomparative market performance or potential portfolios with risk or return profiles similar to your account.Benchmark indices are shown for illustrative purposes only.Custom Time Periods: If represented on this report, the performance start date and the performance end datehave been selected by your Financial Advisor in order to provide performance and account activity informationfor your account for the specified period of time only. As a result, only a portion of your account's activity andperformance information is presented in the performance report, and, therefore, presents a distortedrepresentation of your account's activity and performance.Net Deposits/Withdrawals: When shown on a report, this information represents the net value of all cash andsecurities contributions and withdrawals, program fees (including wrap fees) and other fees added to orsubtracted from your accounts from the first day to the last day of the period including assets transferred to orfrom other UBS accounts. When fees are shown separately, net deposits / withdrawals does not include programfees (including wrap fees). When investment return is displayed net deposits / withdrawals does not includeprogram fees (including wrap fees). For security contributions and withdrawals, securities are calculated usingthe end of day UBS FS price on the day securities are delivered in or out of the accounts. Wrap fees will beincluded in this calculation except when paid via an invoice or through a separate accounts billing arrangement.When shown on Client summary and/or Portfolio review report, program fees (including wrap fees) may not beincluded in net deposits/withdrawals. PACE Program fees paid from sources other than your PACE account aretreated as a contribution. A PACE Program Fee rebate that is not reinvested is treated as a withdrawal.Net Deposits/Withdrawals (external): When shown on a report, this information represents the net value of all cash and securities contributions and withdrawals, program fees (including wrap fees) and other fees addedto or subtracted from your accounts from the first day to the last day of the period, excluding assets transferredto or from other UBS accounts after 12/31/2010. When fees are shown separately, net deposits / withdrawalsdoes not include program fees (including wrap fees). When investment return is displayed net deposits /withdrawals does not include program fees (including wrap fees). For security contributions and withdrawals,securities are calculated using the end of day UBS FS price on the day securities are delivered in or out of theaccounts. Wrap fees will be included in this calculation except when paid via an invoice or through a separateaccounts billing arrangement. When shown on Client summary and/or Portfolio review report, program fees(including wrap fees) may not be included in net deposits/withdrawals. PACE Program fees paid from sourcesother than your PACE account are treated as a contribution. A PACE Program Fee rebate that is not reinvested istreated as a withdrawal.Deposits: When shown on a report, this information represents the net value of all cash and securitiescontributions added to your accounts from the first day to the last day of the period, including assets transferredfrom other UBS accounts. On Client Summary Report and/or Portfolio Review Report, this may exclude theOpening balance. For security contributions, securities are calculated using the end of day UBS FS price on theday securities are delivered in or out of the accounts.Deposits (external): When shown on a report, this information represents the net value of all cash andsecurities contributions added to your accounts from the first day to the last day of the period, excluding assetstransferred from other UBS accounts after 12/31/2010. On Client Summary Report and/or Portfolio ReviewReport, this may exclude the Opening balance. For security contributions, securities are calculated using the endof day UBS FS price on the day securities are delivered in or out of the accounts.Withdrawals: When shown on a report, this information represents the net value of all cash and securitieswithdrawals subtracted from your accounts from the first day to the last day of the period, including assettransferred to other UBS accounts. On Client summary and/or portfolio review report Withdrawals may notinclude program fees (including wrap fees). For security withdrawals, securities are calculated using the end ofday UBS FS price on the day securities are delivered in or out of the accounts.Withdrawals (external): When shown on a report, this information represents the net value of all cash andsecurities withdrawals subtracted from your accounts from the first day to the last day of the period, excludingassets transferred to other UBS accounts after 12/31/2010. On Client summary and/or portfolio review reportWithdrawals may not include program fees (including wrap fees). For security withdrawals, securities arecalculated using the end of day UBS FS price on the day securities are delivered in or out of the accounts.Net Transfers (Internal): When shown on a report, this information represents the net value of all cash andsecurities transferred between your UBS accounts from the first day to the last day of the period.Transfers In (Internal): When shown on a report, this information represents the net value of all cash andsecurities transferred to your UBS accounts from the first day to the last day of the period.Transfers Out (Internal): When shown on a report, this information represents the net value of all cash andsecurities transferred from your UBS accounts from the first day to the last day of the period.Dividends/Interest: Dividend and interest earned, when shown on a report, does not include income onsecurities that have been lent out & does not reflect your account's tax status or reporting requirements. Useonly official tax reporting documents (i.e. 1099) for tax reporting purposes. The classification of private Report created on: August 04, 2025 Page 31 of 36
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) investment distributions can only be determined by referring to the official year-end tax-reporting documentprovided by the issuer.Change in Accrued Interest: When shown on a report, this information represents the difference between theaccrued interest at the beginning of the period from the accrued interest at the end of the period.Change in Value: Represents the change in value of the portfolio during the reporting period, excludingadditions/withdrawals, dividend and interest income earned and accrued interest. Change in Value may includeprograms fees (including wrap fees) and other fees.Fees: Fees represented in this report include program and wrap fees. Program and wrap fees prior to October 1,2010 for accounts that are billed separately via invoice through a separate account billing arrangement are notincluded in this report.Performance Start Date Changes: The Performance Start Date for accounts marked with a '^' have changed.Performance figures of an account with a changed Performance Start Date may not include the entire history ofthe account. The new Performance Start Date will generate performance returns and activity information for ashorter period than is available at UBS FS. As a result, the overall performance of these accounts may generatebetter performance than the period of time that would be included if the report used the inception date of theaccount. UBS FS recommends reviewing performance reports that use the inception date of the account becausereports with longer time frames are usually more helpful when evaluating investment programs and strategies.Performance reports may include accounts with inception dates that precede the new Performance Start Dateand will show performance and activity information from the earliest available inception date.The change in Performance Start Date may be the result of a performance gap due to a zero-balance thatprevents the calculation of continuous returns from the inception of the account. The Performance Start Datemay also change if an account has failed one of our performance data integrity tests. In such instances, theaccount will be labeled as 'Review Required' and performance prior to that failure will be restricted. Finally, thePerformance Start Date will change if you have explicitly requested a performance restart. Please contact yourFinancial Advisor for additional details regarding your new Performance Start Date.Closed Account Performance: Accounts that have been closed may be included in the consolidatedperformance report. When closed accounts are included in the consolidated report, the performance report willonly include information for the time period the account was active during the consolidated performancereporting time period.Important information on options-based strategies: Options involve risk and are not suitable for everyone.Prior to buying or selling an option investors must read a copy of the Characteristics & Risks of StandardizedOptions, also known as the options disclosure document (ODD). It explains the characteristics and risks ofexchange traded options. The options risk disclosure document can be accessed at the following web address:www.optionsclearing.com/about/publications/character-risks.Concentrated Equity Solutions (CES) managers are not involved in the selection of the underlying stock positions.The Manager will advise only on the options selection in order to pursue the strategy in connection with theunderlying stock position(s) deposited in the account. It is important to keep this in mind when evaluating themanager's performance since the account's performance will include the performance of the underlying equityposition that is not being managed. CES use options to seek to achieve your investment objectives regardingyour concentration stock position. Options strategies change the potential return profile of your stock. In certainscenarios, such as call writing, the call position will limit your ability to participate in any potential increase in the underlying equity position upon which the call was written. Therefore, in some market conditions, particularlyduring periods of significant appreciation of the underlying equity position(s), the CES account will decrease theperformance that would have been achieved had the stock been held long without implementing the CESstrategy.Portfolio: For purposes of this report "portfolio" is defined as all of the accounts presented on the cover pageor the header of this report and does not necessarily include all of the client's accounts held at UBS FS orelsewhere.Percentage: Portfolio (in the "% Portfolio / Total" column) includes all holdings held in the account(s) selectedwhen this report was generated. Broad asset class (in the "% broad asset class" column) includes all holdingsheld in that broad asset class in the account(s) selected when this report was generated.Tax lots: This report displays security tax lots as either one line item (i.e., lumped tax lots) or as separate tax lotlevel information. If you choose to display security tax lots as one line item, the total cost equals the total valueof all tax lots. The unit cost is an average of the total cost divided by the total number of shares. If the shareswere purchased in different lots, the unit price listed does not represent the actual cost paid for each lot. Theunrealized gain/loss value is calculated by combining the total value of all tax lots plus or minus the total marketvalue of the security.If you choose to display tax lot level information as separate line items on the Portfolio Holdings report, the taxlot information may include information from sources other than UBS FS. The Firm does not independently verifyor guarantee the accuracy or validity of any information provided by sources other than UBS FS. As a result thisinformation may not be accurate and is provided for informational purposes only. Clients should not rely on thisinformation in making purchase or sell decisions, for tax purposes or otherwise. See your monthly statement foradditional information.Pricing: All securities are priced using the closing price reported on the last business day preceding the date ofthis report. Every reasonable attempt has been made to accurately price securities; however, we make nowarranty with respect to any security's price. Please refer to the back of the first page of your UBS FS accountstatement for important information regarding the pricing used for certain types of securities, the sources ofpricing data and other qualifications concerning the pricing of securities. To determine the value of securities inyour account, we generally rely on third party quotation services. If a price is unavailable or believed to beunreliable, we may determine the price in good faith and may use other sources such as the last recordedtransaction. When securities are held at another custodian or if you hold illiquid or restricted securities for whichthere is no published price, we will generally rely on the value provided by the custodian or issuer of thatsecurity.Cash: Cash on deposit at UBS Bank USA is protected by the Federal Deposit Insurance Corporation (FDIC) up to$250,000 in principal and accrued interest per depositor for each ownership type. Deposits made in anindividual's own name, joint name, or individual retirement account are each held in a separate type ofownership. Such deposits are not guaranteed by UBS FS. More information is available upon request.Margin: The quantity value may indicate that all or part of this position is held on margin or held in the shortaccount. When an account holds a debit balance, this debit balance is incorporated into the account's totalmarket value and deducted from the total value. When calculating the percent of portfolio on each security, thepercentage will be impacted by the total market value of the account. Therefore, if the account's market value isreduced by a debit value of a holding the percent of portfolio will be greater and if the account's market value is Report created on: August 04, 2025 Page 32 of 36
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) increased by a holding then the percent of portfolio will be less.Asset Allocation: Your allocation analysis is based on your current portfolio. The Asset Allocation portion ofthis report shows the mix of various investment classes in your account. An asset allocation that shows asignificantly higher percentage of equity investments may be more appropriate for an investor with a moreaggressive investment strategy and higher tolerance for risk. Similarly, the asset allocation of a more conservativeinvestor may show a higher percentage of fixed income investments.Separately Managed Accounts and Pooled Investment Vehicles (such as mutual funds, closed end fundsand exchanged traded funds): The asset classification displayed is based on firm's proprietary methodology forclassifying assets. Please note that the asset classification assigned to rolled up strategies may include individualinvestments that provide exposure to other asset classes. For example, an International Developed Marketsstrategy may include exposure to Emerging Markets, and a US Large Cap strategy may include exposure to MidCap and Small Cap, etc.Mutual Fund Asset Allocation: If the option to unbundle balanced mutual funds is selected and if a fund'sholdings data is available, mutual funds will be classified by the asset class, subclass, and style breakdown oftheir underlying holdings. Where a mutual fund or ETF contains equity holdings from multiple equity sectors, thisreport will proportionately allocate the underlying holdings of the fund to those sectors measured as apercentage of the total fund's asset value as of the date shown.This information is supplied by Morningstar, Inc. on a daily basis to UBS FS based on data supplied by the fundwhich may not be current. Mutual funds change their portfolio holdings on a regular (often daily) basis.Accordingly, any analysis that includes mutual funds may not accurately reflect the current composition of thesefunds. If a fund's underlying holding data is not available, it will be classified based on its corresponding overallMorningstar classification. All data is as of the date indicated in the report.All pooled investment vehicles (such as mutual funds, closed end mutual funds, and exchange traded funds)incorporate internal management and operation expenses, which are reflected in the performance returns.Please see relevant fund prospectus for more information. Please note, performance for mutual funds is inclusiveof multiple share classes.Ineligible Assets: We require that you hold and purchase only eligible managed assets in your advisoryaccounts. Please contact your Financial Advisor for a list of the eligible assets in your program. These reports mayprovide performance information for eligible and ineligible assets in a fee-based program. Since ineligible assetsare not considered fee-based program assets, the inclusion of such securities will distort the actual performanceof your advisory assets. As a result, the performance reflected in this report can vary substantially from theindividual account performance reflected in the performance reports provided to you as part of those programs.For fee-based programs, fees are charged on the market value of eligible assets in the accounts and assessedquarterly in advance, prorated according to the number of calendar days in the billing period. Neither UBS noryour Financial Advisor will act as your investment adviser with respect to Ineligible Assets.Variable Annuity Asset Allocation: If the option to unbundle a variable annuity is selected and if a variableannuity's holdings data is available, variable annuities will be classified by the asset class, subclass, and stylebreakdown for their underlying holdings. Where a variable annuity contains equity holdings from multiple equitysectors, this report will proportionately allocate the underlying holdings of the variable annuity to those sectorsmeasured as a percentage of the total variable annuity's asset value as of the date shown.
This information is supplied by Morningstar, Inc. on a weekly basis to UBS FS based on data supplied by thevariable annuity which may not be current. Portfolio holdings of variable annuities change on a regular (oftendaily) basis. Accordingly, any analysis that includes variable annuities may not accurately reflect the currentcomposition of these variable annuities. If a variable annuity's underlying holding data is not available, it willremain classified as an annuity. All data is as of the date indicated in the report.Equity Style: The Growth, Value and Core labels are determined by Morningstar. If an Equity Style isunclassified, it is due to non-availability of data required by Morningstar to assign it a particular style.Equity Capitalization: Market Capitalization is determined by Morningstar. Equity securities are classified asLarge Cap, Mid Cap or Small Cap by Morningstar. Unclassified securities are those for which no capitalization isavailable on Morningstar.Equity Sectors: The Equity sector analysis may include a variety of accounts, each with different investment andrisk parameters. As a result, the overweighting or underweighting in a particular sector or asset class should notbe viewed as an isolated factor in making investment/liquidation decisions; but should be assessed on anaccount by account basis to determine the overall impact on the account's portfolio.Classified Equity: Classified equities are defined as those equities for which the firm can confirm the specificindustry and sector of the underlying equity instrument.Estimated Annual Income: The Estimated Annual Income is for informational purposes only and is calculatedby the annualized per share dividends/interest paid, multiplied by the quantity of the shares held in the selectedaccount(s). For Expected Cash Flow and Portfolio Holdings reports prior to June 23, 2023, savings products &sweep funds do not display such calculations and instead, values are displayed as N/A. For all other reports,Estimated Annual Income for savings products & sweep funds is not calculated or factored into aggregatecalculations and will be displayed as 0.Current Yield: Current Yield is estimated for informational purposes only and may not reflect changes in price.It's calculated by dividing the total estimated annual income by the current market value displayed. Current yieldcalculations display the current yield of the investment solely as of the date of this report. For Portfolio Holdingsreport generated prior to June 23, 2023, savings products & sweep funds do not include such information andinstead, values are displayed as N/A. For all other reports, Current Yield for savings products & sweep funds isnot calculated or factored into aggregate calculations and will be displayed as 0.YTM (at Market): Yield to Maturity (at Market) is the expected return of an interest-bearing security from thereport date, assuming that it is held to maturity with all coupon payments paid. For displays at the tax lot level,the Yield to Maturity is calculated based on the cost basis of that specific tax lot. For position level displays(consisting of multiple tax lots), Yield to Maturity is derived by using the weighted average cost basis of all theunderlying tax lots.YTW (at Market): Yield to Worst (at Market) is the expected return of an interest-bearing security from thereport date, assuming that it is held to the next call date or until maturity (if no next call date) with all couponpayments paid. For displays at the tax lot level, the Yield to Worst is calculated based on the cost basis of thatspecific tax lot. For position level displays (consisting of multiple tax lots), Yield to Worst is derived by using theweighted average cost basis of all the underlying tax lots.Bond Rating: These ratings are obtained from independent industry sources and are not verified by UBS FS.
Report created on: August 04, 2025 Page 33 of 36
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) Securities without rating information are left blank. Rating agencies may discontinue ratings on high yieldsecurities.NR: When NR is displayed under bond rating column, no ratings are currently available from that rating agency.High Yield: This report may designate a security as a high yield fixed income security even though one or morerating agencies rate the security as an investment grade security. Further, this report may incorporate a ratingthat is no longer current with the rating agency. For more information about the rating for any high yield fixedincome security, or to consider whether to hold or sell a high yield fixed income security, please contact yourfinancial advisor or representative and do not make any investment decision based on this report.Credit/Event Risk: Investments are subject to event risk and changes in credit quality of the issuer. Issuers canexperience economic situations that may have adverse effects on the market value of their securities.Interest Rate Risk: Bonds are subject to market value fluctuations as interest rates rise and fall. If sold prior tomaturity, the price received for an issue may be less than the original purchase price.Reinvestment Risk: Since most corporate issues pay interest semiannually, the coupon payments over the lifeof the bond can have a major impact on the bond's total return.Call Provisions: When evaluating the purchase of a corporate bond, one should be aware of any features thatmay allow the issuer to call the security. This is particularly important when considering an issue that is trading ata premium to its call price, since the return may be negatively impacted if the issue is redeemed. Should an issuebe called, investors may be faced with an earlier than anticipated reinvestment decision, and may be unable toreinvest their principal at equally favorable rates.Effective Maturity: Effective maturity is the expected redemption due to pre-refunding, puts, or maturity anddoes not reflect any sinking fund activity, optional or extraordinary calls. Securities without a maturity date areleft blank and typically include Preferred Securities, Mutual Funds and Fixed Income UITs.Yields: Yield to Maturity and Yield to Worst are calculated to the worst call.Accrued Interest: Interest that has accumulated between the most recent payment and the report date may bereflected in market values for interest bearing securities.Bond Averages: All averages are weighted averages calculated based on market value of the holding, notincluding accrued interest.Tax Status: "Taxable" includes all securities held in a taxable account that are subject to federal and/or state orlocal taxation. "Tax-exempt" includes all securities held in a taxable account that are exempt from federal, stateand local taxation. "Tax-deferred" includes all securities held in a tax-deferred account, regardless of the statusof the security.Bond sensitivity analysis: This analysis uses Modified Duration which approximates the percentage pricechange of a security for a given change in yield. The higher the modified duration of a security, the higher itsrisk. For callable securities, modified duration does not address the impact of changing interest rates on a bond'sexpected cash flow as a result of a call or prepayment.
Amortization and Accretion: Prior to March 2008, amortization was calculated using the straight line methodfor tax exempt securities and was not calculated for taxable securities. Post March 2008, amortization iscalculated using the constant yield method. Prior to October 2008, accretion due to original issue discount wasnot calculated. Post October 2008, accretion due to original issue discount is calculated using the constant yieldmethod. Prior to January 2015, accretion due to market discount was calculated using the straight line method.Post January 2015, accretion due to market discount is calculated using the constant yield method. We assumethe securities are held to par and premiums are calculated to call date. Amortization and accretion values may beincorrect due to adjustments related to cost basis. You may hold additional fixed income securities that may notappear on this report. Please refer to your account statements for information regarding all of your holdings.Gain/Loss: The gain/loss information may include calculations based upon non-UBS FS cost basis information.The firm does not independently verify or guarantee the accuracy or validity of any information provided bysources other than UBS FS. In addition, for Schedule K-1 reported investments, such as alternative investmentfunds, please refer to your annual K-1 and 1099 tax forms. If this report contains positions with unavailable costbasis, the gain/(loss) for these positions are excluded in the calculation for the Gain/(Loss). As a result thesefigures may not be accurate and are provided for informational purposes only. Clients should not rely on thisinformation in making purchase or sell decisions, for tax purposes or otherwise. Rely only on year-end tax formswhen preparing your tax return. See your monthly statement for additional information.Accounts Included in this Report: The account listing may or may not include all of your accounts with UBSFS. The accounts included in this report are listed under the "Accounts included in this review" shown on thefirst page or listed at the top of each page. If the account is a donor advised fund account, the assets in thoseaccounts are owned by the Sponsoring Charitable Organization, and not the donor. You and your financialadvisor have procured the appropriate authorization to view the assets in the donor advised fund account. If anaccount number begins with "@" this denotes assets or liabilities held at other financial institutions. Informationabout these assets, including valuation, account type and cost basis, is based on the information you provided tous, or provided to us by third party data aggregators or custodians at your direction. We have not verified, andare not responsible for, the accuracy or completeness of this information.Account name(s) displayed in this report and labels used for groupings of accounts can be customizable"nicknames" chosen by you to assist you with your recordkeeping or may have been included by your financialadvisor for reference purposes only. The names used have no legal effect, are not intended to reflect anystrategy, product, recommendation, investment objective or risk profile associated with your accounts or anygroup of accounts, and are not a promise or guarantee that wealth, or any financial results, can or will beachieved. All investments involve the risk of loss, including the risk of loss of the entire investment.For more information about account or group names, or to make changes, contact your Financial Advisor.Account changes: At UBS, we are committed to helping you work toward your financial goals. So that we maycontinue providing you with financial advice that is consistent with your investment objectives, please considerthe following two questions:1) Have there been any changes to your financial situation or investment objectives?2) Would you like to implement or modify any restrictions regarding the management of your account?If the answer to either question is "yes," it is important that you contact your Financial Advisor as soon aspossible to discuss these changes. For MAC advisory accounts, please contact your investment manager directlyif you would like to impose or change any investment restrictions on your account.
Report created on: August 04, 2025 Page 34 of 36
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) ADV disclosure: A complimentary copy of our current Form ADV Disclosure Brochure that describes theadvisory program and related fees is available through your Financial Advisor. Please contact your FinancialAdvisor if you have any questions.Important information for former Piper Jaffray and McDonald Investments clients: As anaccommodation to former Piper Jaffray and McDonald Investments clients, these reports include performancehistory for their Piper Jaffray accounts prior to August 12, 2006 and McDonald Investments accounts prior toFebruary 9, 2007, the date the respective accounts were converted to UBS FS. UBS FS has not independentlyverified this information nor do we make any representations or warranties as to the accuracy or completenessof that information and will not be liable to you if any such information is unavailable, delayed or inaccurate.For insurance, annuities, and 529 Plans, UBS FS relies on information obtained from third party services itbelieves to be reliable. UBS FS does not independently verify or guarantee the accuracy or validity of anyinformation provided by third parties. Information for insurance, annuities, and 529 Plans that has been providedby a third party service may not reflect the quantity and market value as of the previous business day. Whenavailable, an "as of" date is included in the description.Investors outside the U.S. are subject to securities and tax regulations within their applicable jurisdiction that arenot addressed in this report. Nothing in this report shall be construed to be a solicitation to buy or offer to sellany security, product or service to any non-U.S. investor, nor shall any such security, product or service besolicited, offered or sold in any jurisdiction where such activity would be contrary to the securities laws or otherlocal laws and regulations or would subject UBS to any registration requirement within such jurisdiction.Performance History prior to the account's inception at UBS Financial Services, Inc. may have been included inthis report and is based on data provided by third party sources. UBS Financial Services Inc. has notindependently verified this information nor does UBS Financial Services Inc. guarantee the accuracy or validity ofthe information.Important information about brokerage and advisory services. As a firm providing wealth managementservices to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SECregistered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer.Investment advisory services and brokerage services are separate and distinct, differ in material ways and aregoverned by different laws and separate arrangements. It is important that clients understand the ways in whichwe conduct business, that they carefully read the agreements and disclosures that we provide to them about theproducts or services we offer. For more information, please review client relationship summary provided at ubs.com/relationshipsummary. UBS Financial Services account protectionThe Firm is a member of the Securities Investor Protection Corporation (SIPC), which protects securitiescustomers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochureavailable upon request or at www.sipc.org. The SIPC asset protection limits apply to all accounts that you hold ina particular capacity.The Firm, together with certain affiliates, has also purchased supplemental insurance. The maximum amountpayable to all eligible clients, collectively under this protection is $500 million as of December 10, 2019. Subjectto the policy conditions and limitations, cash at the Firm is further protected for up to $1.9 million in theaggregate for all your accounts held in a particular capacity. A full copy of the policy wording is available uponrequest.
Neither the SIPC protection nor the supplemental protection apply to:
• Certain financial assets controlled by (and included in your account value) but held away from UBS Financial Services. For example certain (i) insurance products, including variable annuities,and (ii) shares of mutual funds registered in the name of the account holder on the books ofthe issuer or transfer agent); • Investment contracts or investment interests (e.g., limited partnerships and private placements) that are not registered under the Securities Act of 1933; • Commodities contracts (e.g., foreign exchange and precious metal contracts), including futures contracts and commodity option contracts;
• Securities on loan to UBS Financial Services; and• Deposit accounts (except certificates of deposit) at UBS Bank USA, UBS AG U.S. branches and banks in the FDIC Insured Deposit Program.
The SIPC protection and the supplemental protection do not apply to these assets even if they otherwise appearon your statements. The SIPC protection and the supplemental protection do not protect against changes in themarket value of your investments (whether as a result of market movement, issuer bankruptcy or otherwise).Non-UBS Assets and Liabilities: This report is not intended to provide you with consolidated information orreporting regarding your holdings at other firms. However, at your request, this report may include informationregarding assets that you hold at other financial institutions so that you may review your asset allocation and/orinvestment strategy in the context of your overall holdings. You should review and maintain the originaldocuments for these assets, such as the statements for individual accounts held away from UBS. Thosedocuments may contain notices, disclosures and other information important to you, and may also serve as areference should questions arise regarding the accuracy of that information as presented in this report.The information presented for accounts held at other financial institutions has been provided to UBS at yourdirection through your agreement with an Outside Asset Data Aggregation Service. These accounts have beenadded to this report at your request and are automatically updated to reflect the most recent data received fromthe custodian. Information may have also been provided based on documents and valuation you provided toyour Financial Advisor. These accounts have been added to this report at your request and may not reflect thecurrent valuation.If an account number begins with "@" this denotes assets or liabilities held at other financial institutions.Information about these assets, including valuation, account type and cost basis, is based on the information youprovided to us, or provided to us by third party data aggregators or custodians at your direction. We have notverified, and are not responsible for, the accuracy or completeness of this information.If the information you or your custodians provided to us is not current, inclusion of these assets will impact theaccuracy of the current asset allocation and other analysis presented. We do not provide purchase, sale or holdrecommendations or advice with respect to your assets at other firms and do not assume responsibility foractivity you conduct at other financial institutions.UBS’s SIPC coverage applies to assets held at UBS. If you maintain assets at other firms that may be SIPCmembers, you should contact their financial representative or the other entity or refer to the other entitysstatement regarding SIPC membership. Your UBS Financial Services Inc. account statements are the only official Report created on: August 04, 2025 Page 35 of 36
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) record of your UBS holdings and account and are not replaced, amended or superseded by any of theinformation presented in this report.Assets that you hold at other financial institutions are priced using the closing price reported on the last businessday preceding the date of this report. Every reasonable attempt has been made to accurately price securities;however, we make no warranty with respect to any security’s price. To determine the value of securities in youraccount, we generally rely on third party quotation services. If a price is unavailable or believed to be unreliable,we may determine the price in good faith and may use other sources such as the last recorded transaction.When securities are held at another custodian or if you hold illiquid or restricted securities for which there is nopublished price, we will generally rely on the value provided by the custodian or issuer of that security.The value of assets held at other financial institutions is based on the "Last Refresh Date" displayed. Up todate valuation and information can be obtained directly from the custodian of your assets. The accountstatements you receive from your third party custodian regarding the assets you hold with them are the officialrecord of your holdings and accounts and are not impacted or superseded by the information in this report.Account balances and security pricing will always display in U.S. Dollars even if assets in your Outside Accountsare denominated in other currencies. UBS will convert any values received in the Outside Account Information toU.S. Dollars using foreign exchange rates from UBS as of the previous business.Report created on: August 04, 2025 Page 36 of 36
STAFF REPORT
TO: Mayor and Council Members DATE: August 26, 2025
FROM: Public Works DISTRICT(S): Citywide
SUBJECT: Approval of Amendment No. 2 to the Agreements for Contract Services between the Consultants on the approved 2021-2026 Master On-Call Consultant List and the City of Glendora for Architectural and Engineering Services in an amount not to exceed $250,000 for each consultant
RECOMMENDATION
That the City Council:
1. Approve Amendment No. 2 to the Agreements between the Consultants on the approved 2021-2026 Master On-Call Consultant List and the City of Glendora, extending the terms thereof through November 30, 2026, in an amount not to exceed $250,000 for the period commencing on July 1, 2025 through November 30, 2026, for each consultant; and
2. Authorize the City Manager, to execute the amendments to the agreements with all the listed consultants, including minimal or non-substantive changes.
STRATEGIC FOCUS AREAS
Goal 5: Improve and Maintain the City’s Infrastructure and Facilities (IMCIF)
EXECUTIVE SUMMARY
The City Council approved the 2021-2026 Master On-Call Consultant List for use in procuring architectural and engineering services at its regular meeting on December 14, 2021. Two-year on-call professional services agreements, in an amount not to exceed $150,000 per year, were executed with each Consultant on the list. These agreements included options for three one-year extensions subject to City Council approval. On July 9, 2024, the City Council approved Amendment No. 1, extending the term of the agreements through June 30, 2025.
The 2021-2026 Master On-Call Consultant List expires November 30, 2026 and Staff is recommending the term of the agreements be extended for an additional seventeen months through November 30, 2026 to coincide with the expiration of the master list. In addition, Staff is recommending an increase in the spending limit to $250,000 per consultant for the extended period to account for the increased number of capital projects included in the City's 2025-2027 Two-Year Budget. Included in this Agenda item is the form "Amendment No. 2" that will be used to prepare the final execution copy of the Amendment No. 2 for each of the Consultant agreements (with minor, nonsubstantive changes as appropriate).
LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The Public Works Department engaged in a formal procurement to establish a master on-call consultant list for architectural and engineering services for Capital Improvement Program (CIP) and Land Development projects in Fall 2021.
The City Council, at their regular meeting on December 14, 2021, approved the 2021-2026 Master On-Call Consultant List and authorized an expenditure not to exceed a maximum amount of $150,000 per fiscal year for each consultant. In addition, the City Council authorized the City Manager to enter two-year on-call professional services agreements with each of the consultants on the approved list.
The City Council, at their regular meeting on July 9, 2024, approved Amendment No. 1 extending the term of the agreements through June 30, 2025.
DISCUSSION
The Master List process provides an efficient and effective means of contracting for professional services in support of the City's numerous CIP and Land Development projects, as well as when unexpected needs for engineering and other related professional services arise. Along with increased efficiency, the use of the Master List allows staff to seek proposals for specific projects from pre-qualified on-call consultants familiar with the City's standards and performance expectations, thus providing a more consistent, high quality, work product.
The Master List includes all the major professional and technical service categories typically used for City projects, including architects, engineers, inspectors, planning professionals, and project managers. Included in the original RFQ was a detailed scope of work for each of the numerous professional service categories.
The following categories are included on the approved 2021-2026 Master On-Call Consultant List:
A1 - Civil Engineering
A2 - Civil Engineering (Water/Sewer/Hydrology/Hydraulics) A3 - Traffic Engineering
A4 - Construction Management, Inspection and Sampling Services A5 - Construction Management, Inspection and Sampling Services (Water/ Sewer) A6 - GIS and Asset Management Technical Support Services A7 - Water Resources management
A8 - Water Quality Management (NPDES & MS4 permit)
A9 - Plan Checking Services
A10 - Surveying, Mapping, and Right-of-way Engineering
B11 - Architecture
B12 - Landscape Architecture
B13 - Electrical and Mechanical Engineering
B14 - Hazardous Materials Testing and Monitoring Services B15 - Program Management
B16 - Structural Engineering
C17 - Grant Writing
The process used for selecting consultants for actual work is as follows:
1. Engineering staff request project-specific proposals from consultants qualified for the respective specialty category.
2. Engineering and other relevant City staff review proposals.
3. Engineering staff make a recommendation to the Public Works Director for consultant selection based on demonstrated competence and on the professional qualifications necessary for the satisfactory performance of the services.
4. Proposal costs are required to not exceed the hourly rates set forth in the consultant’s On-Call Professional Services Agreement.
a. Staff may also negotiate a reduction in pricing at the time prior to approving a proposal.
5. The Public Works Director approves and signs a Task Order with the consultant for a specific project scope and cost, and a purchase order issued, subject to the availability of funds. a. The Task Order refers to the On-Call Professional Services Agreement to incorporate the legal terms and conditions set forth therein.
6. Consultant then begins work upon issuance of purchase order.
Professional services for projects that are estimated to exceed $250,000 would continue to be formally bid and presented to the City Council for its review and consideration.
FISCAL IMPACT
There are no costs associated with extending the term of the On-Call Professional Services Agreements with the consultants on the List. Costs are only incurred by the City as the Task Orders are processed for individual CIP and Land Development projects. Using consultants from the Master On-Call Consultant List eliminates costs associated with issuing formal Requests for Proposal (RFP’s) for projects requiring professional services under $250,000.
The cost for providing professional services for CIP projects is funded from the CIP projects included in the adopted budget. The cost for Land Development plan check services is limited annually for those services funded through collection of plan check fees from private developers.
As there are no committed costs under the On-Call Professional Services Agreements until a Task Order has been awarded, and those costs are limited to that Task Order, staff recommends the agreements be extended through November 30, 2026. This helps reduce administrative costs by decreasing the frequency of issuing RFQs and reviewing proposals.
ENVIRONMENTAL DETERMINATION
This activity is not a “project” as defined by Section 21065 of the Public Resources Code or Sections 15060(c)(2), 15060(c)(3), and 15378 of the CEQA Guidelines.
Prepared By Paul Fisher, Business Services Manager
Concurs With Not Applicable
Reviewed By William Wittkopf, Public Works Director
Certified to Availability of
Funds
Kyle Johnson, Finance Director/City
Treasurer
Approved By Adam Raymond, City Manager
Legal Review Danny Aleshire, City Attorney
CEQA Review Not Applicable
Attachments
A. Master On- Call List 2021-2026.pdf
B. Sample Amendment 2 to Agreement.pdf
MASTER ON-CALL CONSULTANT LIST BY DISCIPLINES
FOR PROFESSIONAL SERVICES
DECEMBER 2021 THROUGH NOVEMBER 2026
A1- Civil Engineering A5- Construction Management and B12- Landscape Architecture
1. Alta Planning & Design Inspection Services (Water/ Sewer) 1. Alta Planning & Design
2. DR Consultants & Designers 1. DR Consultants & Designers 2. MIG Inc
3. IDS Group 2. JMDiaz 3. SWA Group Sausalito Studio
4. IMEG Corporation 3. MNS Engineers 4. Willdan
5. JMDiaz 4. SA Associates
6. Kabbara Engineering 5. TKE B13- Electrical and Mechanical
7. MNS Engineers Engineering
8. Onward Engineering 1. IMEG Corporation
9. SA Associates A6- GIS and Asset Management
10. Uniplan Engineering Technical Support Services B14- Hazardous Material Testing &
11.Valued Engineering 1. Draw Tap GIS Monitoring
12.TKE 1. Converse Consultants
13. TAIT A7- Water Resources management 2. IMEG Corporation
14. Willdan 1. IMEG Corporation
2. JMDiaz B15- Program Management
3. SA Associates 1. DR Consultants & Designers
A2- Civil Engineering 2. JMDiaz
(Water/Sewer/Hydrology/Hydraulic) A8- Water Quality Management 3. SA Associates
1. Craftwater Engineering (NPDES & MS4 permit)
2. CWE 1. Craftwater Engineering B16- Structural Engineering
3. JMDiaz 2. CWE 1. IDS Group
4. Kabbara Engineering 3. IMEG Corporation 2. IMEG Corporation
5. MNS Engineering 4. JMDiaz 3. Myers Houghton & Partners
6. SA Associates
7. TKE A9- Plan Checking Services
8. Valued Engineering 1. IMEG Corporation C17- Grant Writing
2. JMDiaz 1. Alta Planning & Design
A3- Traffic Engineering 3. MNS Engineer 2. Craftwater Engineering
1. Advantec Consulting Engineers 4. TKE 3. CWE
2. AGA Engineers 5. Valued Engineering 4. MNS Engineers
3. Alta Planning & Design 6. Willdan 5. SA Associates
4. DKS Associates - Anaheim 6. Willdan
5. General Technologies & Solutions A10- Surveying, Mapping, and
6. JMDiaz Right-of-way Engineering
7. TKE 1. GIS Surveyors
8. Willdan 2. IMEG Corporation
3. Johnson-Frank & Associates
4. MNS Engineers
A4- Construction Management and 5. TAIT
Inspection & Sampling Services 6. Uniplan Engineering
1. DR Consultants & Designers
2. 7. Willdan
2. JMDiaz
3. MNS Engineers B11- Architecture
4. Onward Engineering 1. MIG Inc
5. SA Associates 2. SVA Architects
6. TKE 3. TAIT
7. Willdan
AMENDMENT NO. 2
TO AGREEMENT FOR CONTRACT SERVICES
THIS AMENDMENT NO. 2 TO THE AGREEMENT FOR CONTRACT
SERVICES (“Amendment”) is made by and between the CITY OF GLENDORA (“City”) and ADVANTEC CONSULTING ENGINEERS, INC., a California corporation (“Consultant”) effective as of July 1, 2025 (“Effective Date”).
RECITALS
A. City and Consultant entered into that certain Agreement for Contract Services dated February 15, 2022 (“Agreement”) whereby Consultant agreed to provide certain on-call engineering services for the City.
B. On July 9, 2024, City and Consultant amended the Agreement to extend the term of the Agreement for an additional period through June 30, 2025, and changed the annual expenditure limit to a fiscal year basis.
C. City and Consultant now desire to amend the Agreement to (i) increase the contract sum to an amount that shall not exceed $250,000 from the Effective Date of this Amendment until the expiration of the term of the Agreement, and (ii) extend the term of the Agreement until November 30, 2026.
TERMS
1. Contract Changes. The Agreement is amended as provided herein. Deleted text is indicated in strikethrough and added text in bold italics. a. Section 2.1 (Contract Sum) of the Agreement shall be restated in its entirety as follows:
“Subject to any limitations set forth in this Agreement, City agrees to pay Consultant the amounts specified in each Task Order and in the “Schedule of Compensation” attached hereto as Exhibit “C” and incorporated herein by this reference. The total compensation, including reimbursement for actual expenses, shall not exceed $150,000 per each fiscal year of the City until June 30, 2025, and $250,000 for the time period commencing on July 1, 2025 through and until the expiration of the Term of this Agreement (the “Contract Sum”), unless additional compensation is approved pursuant to Section 1.9.”
b. Section 3.4 (Term) of the Agreement shall be revised as follows:
“Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect through June 30, 2025 November 30, 2026 (“Term”), except as otherwise provided in the Schedule of Performance (Exhibit “D”). City Manager may extend up to two additional one-year periods subject to City Council approval.”
2. Continuing Effect of Agreement. Except as amended by this Amendment, the provisions of the Agreement shall remain unchanged and in full force and effect. From and after 01240.0001/1015820.1
the date of this Amendment, whenever the term “Agreement” appears in the Agreement, it shall mean the Agreement, as amended by this Amendment to the Agreement.
3. Affirmation of Agreement; Warranty Re Absence of Defaults. City and Consultant each ratify and reaffirm each and every one of the respective rights and obligations arising under the Agreement. Each party represents and warrants to the other that there have been no written or oral modifications to the Agreement other than as provided herein. Each party represents and warrants to the other that the Agreement is currently an effective, valid, and binding obligation.
Consultant represents and warrants to City that, as of the date of this Amendment, City is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.
City represents and warrants to Consultant that, as of the date of this Amendment, Consultant is not in default of any material term of the Agreement and that there have been no events that, with the passing of time or the giving of notice, or both, would constitute a material default under the Agreement.
4. Adequate Consideration. The parties hereto irrevocably stipulate and agree that they have each received adequate and independent consideration for the performance of the obligations they have undertaken pursuant to this Amendment.
5. Authority. The persons executing this Amendment on behalf of the parties hereto warrant that (i) such party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Amendment on behalf of said party, (iii) by so executing this Amendment, such party is formally bound to the provisions of this Amendment, and (iv) the entering into this Amendment does not violate any provision of any other agreement to which said party is bound.
6. Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. Each of the parties intend to be bound by the signatures on any telecopied, .pdf or other electronically delivered document, and are aware that the other party will rely on the telecopied, .pdf or other electronically delivered signatures, and hereby waive any defenses to the enforcement of the terms of this Amendment based on the form of signature. [SIGNATURES APPEAR ON THE FOLLOWING PAGE]
01240.0001/1015820.1
IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date and year first-above written.
CITY:
CITY OF GLENDORA, a municipal corporation
Adam Raymond
City Manager
APPROVED AS TO FORM: CERTIFY AVAILABILITY OF FUNDS:
ALESHIRE & WYNDER, LLP
Danny Aleshire
City Attorney
Kyle Johnson
Finance Director/City Treasurer
ATTEST:
Kathleen R. Sessman
City Clerk/Communications Director
CONSULTANT:
ADVANTEC CONSULTING ENGINEERS, INC., a
California corporation
Name: Leo Lee
Title: Chairperson of Board
Email: [email protected]
Name: Carlos A. Ortiz
Title: Chief Executive Officer
Email: [email protected]
Address: 21700 Copley Drive
Suite 300
Diamond Bar, CA 91765
Two corporate officer signatures required when Consultant is a corporation, with one signature required from each of the following groups: 1) Chairman of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer.
CONSULTANT’S SIGNATURES SHALL BE DULY NOTARIZED UNLESS EXECUTED UTILIZING DOCUSIGN. 01240.0001/1015820.1
STAFF REPORT
TO: Mayor and Council Members DATE: August 26, 2025
FROM: Public Works DISTRICT(S): Citywide
SUBJECT: Authorize the Purchase of Water Mainline Parts and Supplies in an amount not to exceed $350,000
RECOMMENDATION
That the City Council:
1. Authorize the Purchase of Water Mainline Parts and Supplies in an amount not to exceed $350,0000 from Western Water Works Supply Company and Ferguson Enterprises, LLC.
STRATEGIC FOCUS AREAS
Goal 5: Improve and Maintain the City’s Infrastructure and Facilities (IMCIF)
EXECUTIVE SUMMARY
To ensure the continued repair, maintenance, and operational reliability of Glendora’s aging water infrastructure, the Water Division issued a Request for Proposal (RFP) on June 19, 2025, to identify qualified vendors for the supply of water mainline parts and materials. These supplies are critical for supporting ongoing system operations, preventative maintenance, overall functionality, and timely response to emergency repair needs within the City’s water distribution and production systems.
The RFP closed on July 17, 2025, with four (4) complete proposals received. After evaluation, Western Water Works and Ferguson Enterprises were identified as the most cost-effective and responsive suppliers, based on competitive pricing, material availability, and a strong history of successful performance with other agencies.
City staff seeks authorization from the City Council for the purchase of water mainline parts and supplies in an amount not to exceed $350,000 from Western Water Works and Ferguson Enterprises. Providing the authorization for use of both vendors ensures reliable access to key materials, including clamps, valves, fittings, and other American Water Works Association (AWWA) compliant water mainline components on both a planned and emergency repair basis. Staff will monitor the purchases from each vendor closely to ensure the combined total does not exceed available appropriations and the total requested parts and supplies purchase authorization amount of $350,000. This approval will enable efficient and timely procurement of necessary parts throughout the fiscal year, including during unplanned repair scenarios where expedited access to materials is essential to minimize water loss and protect public health and safety.
LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The City of Glendora adheres to procurement procedures in accordance with Municipal Code Section 2.40.070(f), which allows for purchases to be made in the best interest of the overall economy and efficiency, provided they are within the approved budget and specific to the operational needs of the Water Utility. Under this provision, the City may proceed with such purchases outside, with City Council authorization for an annual purchase order, regardless of dollar amount.
On June 19, 2025, a Request for Proposals (RFP) was issued seeking vendors for the supply of parts and materials to support ongoing water system operations, maintenance activities, and infrastructure reliability. In response, four proposals were received and evaluated by staff. As pricing was based on a representative list of commonly purchased items rather than a defined project scope, unit cost schedules were analyzed to assess cost competitiveness. In addition, staff reviewed vendor references and prior performance to evaluate material compliance with industry standards, supply chain reliability, and responsiveness to time-sensitive field support needs.
This evaluation process ensures that selected vendors can meet the routine and reactive operational requirements of the Water Utility in a cost-effective and dependable manner.
DISCUSSION
The City’s water infrastructure requires ongoing maintenance and is vulnerable to unexpected mainline breaks, service connection leaks, and component failures due to a range of factors, including infrastructure age, material corrosion, hydraulic pressure fluctuations, increased water demand, and environmental conditions such as soil movement or ground settlement. To address these challenges, the Water Division must have reliable access to key materials, including clamps, valves, fittings, and other American Water Works Association (AWWA) compliant water mainline components on both a planned and emergency repair basis.
City Council approval to purchase from both Western Water Works and Ferguson Enterprises will provide the Water Division with flexibility to procure critical materials without delay, support timely response to emergency repairs, and maintain overall system reliability. The annual not-to-exceed amount of $350,000 is based on prior years’ usage trends and anticipated needs for the current fiscal year. Actual spending may vary depending on infrastructure failures, seasonal demand fluctuations, and water system maintenance requirements.
Staff will monitor all purchases closely to ensure budget compliance, procurement efficiency and the combined total does not exceed the total requested parts and supplies purchase authorization amount of $350,000. This purchasing structure allows the Water Division to obtain materials at the lowest available pricing while maintaining operational continuity, service reliability and public safety.
FISCAL IMPACT
Sufficient appropriations are available in the FY 2025-2027 Adopted Two-Year Budget within the Water Distribution, Customer Service, and Production Divisions, under their respective Parts and Supplies accounts. Costs will be distributed according to operational requirements across the identified divisions and may vary throughout the fiscal year.
ENVIRONMENTAL DETERMINATION
This activity is not a “project” as defined by Section 21065 of the Public Resources Code or Sections 15060(c)(2), 15060(c)(3), and 15378 of the CEQA Guidelines.
Prepared By: Ivy Gonzalez, Management Analyst
Concurs With: Not Applicable
Reviewed By: William Wittkopf, Public Works Director
Certified to Availability of
Funds: Kyle Johnson, Finance Director / City Treasurer
Approved By: Adam Raymond, City Manager
Legal Review: Not Applicable
CEQA Review: Not Applicable
STAFF REPORT
TO: Mayor and Council Members DATE: August 26, 2025
FROM: City Clerk DISTRICT(S): Not Applicable
SUBJECT: Designation of Voting Delegates for the League of California Cities Annual General Assembly October 8-10, 2025 (Response required by Wednesday, September 24, 2025)
RECOMMENDATION
That the City Council:
1. Designate Councilmember Davis as the voting delegate to represent the City of Glendora at the Leagues’ Annual Business Meeting conducted on Friday, October 10, 2025;
2. Designate Mayor Pro Tem Allawos as the City’s alternate in the event Councilmember Davis is unable to serve in that capacity; and
3. Direct the City Clerk to submit the required online “Voting Delegate” form to through the Cal Cities Portal https://my.calcities.org/Voting-Delegate-Submissions no later than Wednesday, September 24, 2025.
STRATEGIC FOCUS AREAS
Not Applicable
EXECUTIVE SUMMARY
The League of California Cities (CalCities) 2025 Annual Conference is scheduled for October 8 – 10, 2025, in Long Beach. An integral part of the conference is the Annual Business Meeting (during the General Assembly) on Friday, October 10, 2025. At this meeting, the CalCities membership considers and take action on resolutions that establish future CalCities policy.
To have a vote at the CalCities' Annual Business Meeting, the Glendora City Council must designate a delegate to represent the City of Glendora. The City may appoint up to two alternate voting delegates, one of whom may vote if the designated delegate is unable to serve in that capacity. The voting delegate and alternate(s) must be registered to attend the conference. Councilmember Davis and Mayor Pro Tem Allawos have registered and confirmed attendance at the CalCities Annual Conference; and with City Council approval, will represent the City of Glendora’s interests.
LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Annually, the City Council designates one voting delegate and up to two voting alternates to vote at the Annual Business Meeting of the League of California Cities General Assembly. On January 14, 2025, the City Council approved Resolution CC 2025-03, updating the City’s list of delegates and alternates to various regional boards and committees that the City of Glendora is a member of; CalCities – Los Angeles Division (CALCities), included.
The City’s current delegate to CalCities - Los Angeles Division is Councilmember Davis, and the alternate is Mayor Pro Tem Allawos. Traditionally, the delegate and alternate have been designated to fill the voting roles unless one or both appointees are unable to attend the conference. In such an event, past practice has been for the City Council to open the voting role to any member(s) of the body that plan to attend the conference. The City Council may continue this past practice or choose any other configuration it deems appropriate.
DISCUSSION
In order to vote at the Friday, October 10, 2025, Annual Business Meeting, the City Council must designate a voting delegate. The City Council may appoint up to two alternate voting delegates, one of whom may vote in the event that the designated voting delegate is unable to serve in that capacity. Councilmember Davis and Mayor Pro Tem Allawos have confirmed and are registered to attend the CalCities Annual Conference in Long Beach and are available to participate in the Annual Business Meeting.
Should the City Council desire to be represented at the League’s 2025 Annual Business Meeting, it is recommended that the City Council designate Councilmember Davis, as the voting delegate, and Mayor Pro Tem Allawos as the alternate and direct the City Clerk to submit the required Voting Delegate Form no later than Wednesday, September 24, 2025. The voting delegate and alternate must be registered to attend the conference, and at the time this report was written Mayor Fredendall also has confirmed attendance.
FISCAL IMPACT
Sufficient appropriations are available within the Fiscal Year 2025-27 Adopted Two-Year Budget for City Council conference attendance and related travel costs.
ENVIRONMENTAL DETERMINATION
There is no CEQA impacts associated with the recommendations in this report.
Prepared By Roxanne Breceda, Deputy City Clerk/Records Manager Concurs With Not Applicable
Reviewed By Kathleen R. Sessman, City Clerk/Communications Director Certified to Availability of Funds Kyle Johnson, Finance Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review Not Applicable
CEQA Review Not Applicable
Attachments
A. 2025 Voting Delegate Information Packet.pdf
1400 K Street, Suite 400, Sacramento, CA 95814 • 916.658.8200 • calcities.org
DATE: Wednesday, July 16, 2025
TO: Mayors, Council Members, City Clerks, and City Managers RE: DESIGNATION OF VOTING DELEGATES AND ALTERNATES
League of California Cities Annual Conference and Expo, Oct. 8-10, 2025 Long Beach Convention Center
Every year, the League of California Cities convenes a member-driven General Assembly at the Cal Cities Annual Conference and Expo. The General Assembly is an important opportunity where city officials can directly participate in the development of Cal Cities policy.
Taking place on Oct. 10, the General Assembly is comprised of voting delegates appointed by each member city; every city has one voting delegate. Your appointed voting delegate plays an important role during the General Assembly by representing your city and voting on resolutions.
To cast a vote during the General Assembly, your city must designate a voting delegate and up to two alternate voting delegates, one of whom may vote if the designated voting delegate is unable to serve in that capacity. Voting delegates may either be an elected or appointed official.
Action by Council Required. Consistent with Cal Cities bylaws, a city’s voting delegate and up to two alternates must be designated by the city council. Please note that designating the voting delegate and alternates must be done by city council action and cannot be accomplished by individual action of the mayor or city manager alone.
Following council action, please submit your city’s delegates through the online submission portal by Wed., Sept. 24. When completing the Voting Delegate submission form, you will be asked to attest that council action was taken. You will need to be signed in to your My Cal Cities account when submitting the form.
Submitting your voting delegate form by the deadline will allow us time to establish voting delegate/alternate records prior to the conference and provide pre-conference communications with voting delegates.
Conference Registration Required. The voting delegate and alternates must be registered to attend the conference. They need not register for the entire conference; they may register for Friday only. Conference registration is open on the Cal Cities website.
Council Action Advised by September 24, 2025
For a city to cast a vote, one voter must be present at the General Assembly and in possession of the voting delegate card and voting tool. Voting delegates and alternates need to pick up their conference badges before signing in and picking up the voting delegate card at the voting delegate desk. This will enable them to receive the special sticker on their name badges that will admit the voting delegate into the voting area during the General Assembly.
Please view Cal Cities’ event and meeting policy in advance of the conference.
Transferring Voting Card to Non-Designated Individuals Not Allowed. The voting delegate card may be transferred freely between the voting delegate and alternates, but only between the voting delegate and alternates. If the voting delegate and alternates find themselves unable to attend the General Assembly, they may not transfer the voting card to another city official.
Seating Protocol during General Assembly. At the General Assembly, individuals with a voting card will sit in a designated area. Admission to the voting area will be limited to the individual in possession of the voting card and with a special sticker on their name badge identifying them as a voting delegate.
The voting delegate desk, located in the conference registration area of the Long Beach Convention Center in Long Beach, will be open at the following times: Wednesday, Oct. 16, 8:00 a.m.-6:00 p.m. and Thursday, Oct. 17, 7:30 a.m.-4:00 p.m. On Friday, Oct. 18, the voting delegate desk will be open at the General Assembly, starting at 7:30 a.m., but will be closed during roll calls and voting.
The voting procedures that will be used at the conference are attached to this memo.
Please share these procedures and this memo with your council and especially with the individuals that your council designates as your city’s voting delegate and alternates.
Once again, thank you for submitting your voting delegate and alternates by Wednesday, Sept. 24. If you have questions, please contact Zach Seals at [email protected].
Attachments:
• General Assembly Voting Guidelines
• Information Sheet: Cal Cities Resolutions and the General Assembly 1400 K Street, Suite 400, Sacramento, CA 95814 • 916.658.8200 • calcities.org General Assembly Voting Guidelines
1. One City One Vote. Each member city has a right to cast one vote on matters pertaining to Cal Cities policy.
2. Designating a City Voting Representative. Prior to the Cal Cities Annual Conference and Expo, each city council may designate a voting delegate and up to two alternates; these individuals are identified on the voting delegate form provided to the Cal Cities Credentials Committee.
3. Registering with the Credentials Committee. The voting delegate, or alternates, may pick up the city's voting card at the voting delegate desk in the conference registration area. Voting delegates and alternates must sign in at the voting delegate desk. Here they will receive a special sticker on their name badge and thus be admitted to the voting area at the General Assembly.
4. Signing Initiated Resolution Petitions. Only those individuals who are voting delegates (or alternates), and who have picked up their city’s voting card by providing a signature to the credentials committee at the voting delegate desk, may sign petitions to initiate a resolution.
5. Voting. To cast the city's vote, a city official must have in their possession the city's voting card and voting tool; and be registered with the credentials committee. The voting card may be transferred freely between the voting delegate and alternates but may not be transferred to another city official who is neither a voting delegate nor alternate.
6. Voting Area at General Assembly. At the General Assembly, individuals with a voting card will sit in a designated area. Admission to the voting area will be limited to the individual in possession of the voting card and with a special sticker on their name badge identifying them as a voting delegate.
7. Resolving Disputes. In case of dispute, the credentials committee will determine the validity of signatures on petitioned resolutions and the right of a city official to vote at the General Assembly.
Sixty days before the
Annual Conference
and Expo, Cal Cities
members may submit
policy proposals on
issues of importance
to cities. The resolution must
have the concurrence of at least
five additional member cities or
individual members.
How it works: Cal Cities
Resolutions and the General Assembly
General Assembly
General Resolutions Policy Committees
Developing League of California Cities policy is a dynamic process that engages a wide range of members to ensure Cal Cities represents cities with one voice. These policies directly guide Cal Cities’ advocacy to promote local decision-making, and lobby against statewide policies that erode local control.
The resolutions process and General Assembly is one way that city officials can directly participate in the development of Cal Cities policy. If a resolution is approved at the General Assembly, it becomes official Cal Cities policy. Here’s how resolutions and the General Assembly work.
The petitioned
resolution is an
alternate method
to introduce policy
proposals during
the annual conference. The
petition must be signed by
voting delegates from 10% of
member cities, and submitted to
the Cal Cities President at least
24 hours before the beginning
of the General Assembly.
Petitioned Resolutions
The Cal Cities
President assigns
general resolutions
to policy committees
where members
review, debate, and recommend
positions for each policy proposal.
Recommendations are forwarded
to the Resolutions Committee.
Who’s who
The Resolutions Committee
includes representatives
from each Cal Cities
diversity caucus, regional
division, municipal
department, and policy
committee, as well as
individuals appointed by
the Cal Cities president.
Voting delegates
are appointed by each
member city; every city
has one voting delegate.
The General Assembly is a
meeting of the collective
body of all voting
delegates —one from
every member city.
Seven policy committees
meet throughout the year
to review and recommend
positions to take on bills
and regulatory proposals.
Policy committees include
members from each Cal
Cities diversity caucus,
regional division, and
municipal department,
as well as individuals
appointed by the Cal
Cities president.
During the General Assembly, voting delegates
debate and consider general and petitioned
resolutions forwarded by the Resolutions
Committee. Potential Cal Cities bylaws
amendments are also considered at this meeting.
Cal Cities policy
development is a memberinformed process,
grounded in the voices and
experiences of city officials
throughout the state.
For more information visit www.calcities.org/general-assembly Prior to the Annual Conference and Expo
Resolutions Committee
The Resolutions
Committee considers
all resolutions. General
Resolutions approved1 by
either a policy committee
or the Resolutions Committee are next
considered by the General Assembly.
General resolutions not approved, or
referred for further study by both a
policy committee and the Resolutions
Committee do not go to the General
Assembly. All Petitioned Resolutions
are considered by the General
Assembly, unless disqualified.2
During the Annual Conference and Expo
1 The Resolution Committee can amend a general resolution prior to sending it to the General Assembly. 2 Petitioned Resolutions may be disqualified by the Resolutions Committee according to Cal Cities Bylaws Article VI. Sec. 5(f).
STAFF REPORT
TO: Mayor and Council Members DATE: August 26, 2025
FROM: Public Works DISTRICT(S): 1, 2
SUBJECT: Notice of Completion for CDBG-Funded Street Improvements at Norgate Street and Nearglen Avenue, et al., Plan No. 1394
RECOMMENDATION
That the City Council:
1. Accept the completion of CDBG-Funded Street Improvements at Norgate Street and Nearglen Avenue, et al., Plan No. 1394, by Copp Contracting, Inc.;
2. Approve the final contract amount of $377,985.16;
3. Authorize the Mayor or his designee to sign & file the Notice of Completion with the County of Los Angeles Registrar-Recorder;
4. Authorize the Public Works Director to release the project retention 35 days after the recordation of the Notice of Completion;
5. Authorize the release of the Labor and Materials Bond in the amount of $361,364, six months after recordation of Notice of Completion, if no claims have been received; and
6. Authorize the release of the Faithful Performance Bond one (1) year following recordation of Notice of Completion if the improvements remain free from defects in materials and workmanship.
STRATEGIC FOCUS AREAS
Goal 5: Improve and Maintain the City’s Infrastructure and Facilities (IMCIF)
EXECUTIVE SUMMARY
The CDBG-Funded Street Improvements at Norgate Street and Nearglen Avenue, et al. Project, Plan No. 1394, was awarded for construction by the City Council on February 11, 2025. The project included the 2” grind and overlay of asphalt, re-striping, removal and replacement of sidewalks, curb & gutters, installation of new ADAcompliant curb ramps, and various other related improvements.
The Project was funded by the 2024-2025 CDBG Street Infrastructure Allocation with an approved budget of $422,877.00.
The Notice to proceed was issued on April 7
th
, 2025, with an original contract length of 60 working days. The project was substantially completed with the final walkthrough performed on May 27th, 2025. Final punchlist items were declared complete as of July 30th, 2025. The final construction cost for the project was $377,985.16.
Staff recommends that City Council accepts the Notice of Completion for the construction contract for CDBGFunded Street Improvements at Norgate Street and Nearglen Avenue, et al. Project, Plan Nos. 1394 by Copp Contracting, Inc., and authorizes the City Manager or his designee to sign the Notice of Completion for recordation.
LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On April 23, 2024, the City Council approved the 2024 (FY 2024/2025) CDBG Annual Plan, inclusive of an allocation for the completion of the CDBG-Funded Street Improvements at Norgate Street and Nearglen Avenue, et al. Project.
The City Council awarded the construction contract to Copp Contracting, Inc. on February 11, 2025 for $361,364.
DISCUSSION
The 2024 – 2025 CDBG Funded Street Improvements at Norgate Street and Nearglen Avenue, et al. (Project) included a two-inch grind and overlay, restriping, removal and replacement of portions of curbs, gutters, sidewalks, and construction of ADA-compliant curb ramps. The specific streets this Project improved were segments of W.
Norgate St, S. Nearglen Ave, S. Reynolds Way, W Payson St, W. Kirkwall Rd and W. Renwick Rd.
PROJECT LOCATION
The following are some of the pictures showing work during construction and after construction:
The project was declared substantially complete as of May 27th , 2025, and staff recommend that the City Council
accept the Notice of Completion and authorize the Mayor to sign it for recordation. The City Clerk’s office will record the executed Notice of Completion with the Los Angeles County Recorder Office.
FISCAL IMPACT
The Fiscal Year 2024-25 Budget included $422,877.00 in Fund 285 (CDBG) for this project. The construction contract in the amount of $361,364 was awarded by the City Council on February 11, 2025. There were two Contract Change Orders (CCO) resulting in a net increase of $16,621.16 (4.59%). CCO No. 1 is for extra work involved in leveling crushed aggregate base that was exposed during the grinding operation and CCO No. 2 is the balancing statement. The total construction cost of the project is $377,985.16. The project was completed within the approved construction budget.
FY 2024/25 Budget Account Project Budget
2024-2025 CDBG Street Infrastructure
Allocation: 28500990-70000 5525106 $422,877.00
Total $422,877.00
Project Expenses Costs
Notice of Bid Publication $385.00
Notice of Exemption $75.00
Construction by Copp Contracting, Inc. $361,364.00
Contract Change Order $16,621.16
Total Project Cost $378,455.16
Remaining Budget $44,431.84
There is no fiscal impact to accepting, approving, and signing the Notice.
ENVIRONMENTAL DETERMINATION
A Notice of Categorical Exemption was adopted for the Project by the City Council on February 11, 2025.
Prepared By Paul Fisher, Business Services Manager
Concurs With Not Applicable
Reviewed By William Wittkopf
Certified to Availability of
Funds
Kyle Johnson, Finance Director/City
Treasurer
Approved By Adam Raymond, City Manager
Legal Review Danny Aleshire, City Attorney
CEQA Review Not Applicable
Attachments
A. Notice of Completion 1394.pdf
RECORDING REQUESTED BY:
CITY OF GLENDORA
WHEN RECORDED MAIL TO THIS ADDRESS:
CITY CLERK
CITY OF GLENDORA
116 E. Foothill Boulevard
Glendora, CA 91741
SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE
NOTICE OF COMPLETION
NOTICE IS HEREBY GIVEN THAT:
1. The undersigned is OWNER or AGENT of the OWNER of the interest or estate stated below in the property hereinafter described.
2. The full name of the OWNER is: CITY OF GLENDORA
3. The full address of the OWNER is: 116 E. Foothill Boulevard, Glendora, CA 91786
4. The nature of the interest or estate of the undersigned is: (i.e., In Fee.) Fee Interest.
5. A work of improvement on the property hereinafter described was COMPLETED on July 30, 2025
6. The work of improvement completed is described as follows:
CDBG-Funded Street Improvements at Norgate Street and Nearglen Avenue, et al. Project City Project No. 1394
7. The name of the original contractor, if any, for such work of improvement is: Copp Contracting, Inc.
8. The street address of said property is: Nearglen Avenue between Gladstone Street and Juanita Avenue, Norgate St between Nearglen Avenue and east cul-de-sac, Reynolds Way between Gladstone Street and Norgate Street, Payson Street between Nearglen Avenue and east cul-de-sac, Payson Street between Glendora Avenue and west cul-de-sac, Kirkwall Road between Nearglen Avenue to east cul-de-sac and Renwick Road between Nearglen Avenue and east cul-de-sac.
9. The property on which said work of improvement was completed is in the City of GLENDORA, County of LOS ANGELES, State of CALIFORNIA, and is described as follows:
The project included the 2” grind and overlay of asphalt, re-striping, removal and replacement of sidewalks, curb & gutters, installation of new ADA-compliant curb ramps, and various other related improvements.
CITY OF GLENDORA
Date: August 26, 2025
Signature of Owner or agent: DAVID FREDENDALL, Mayor
VERIFICATION
I, the undersigned, declare under penalty of perjury under the laws of the State of California, that I am the Mayor of the City of Glendora of the aforesaid interest or estate in the property described in the above Notice, that I have read the said Notice, that I know and understand the contents thereof, and that the facts stated therein are true and correct.
August 26, 2025 at Glendora, California
DAVID FREDENDALL, Mayor
STAFF REPORT
TO: Mayor and Council Members DATE: August 26, 2025
FROM: Public Works DISTRICT(S): 2, 3
SUBJECT: Agreement with Streetlight Restoration Specialists, Inc. for the Restoration of Antique Streetlights in the amount of $226,240
RECOMMENDATION
That the City Council:
1. Award an Agreement to Streetlight Restoration Specialists, Inc. for the Restoration of certain Antique Streetlights in an amount in an amount not to exceed $226,240;
2. Authorize the expenditure of a contingency not to exceed ten percent (10%) of the original contract amount;
3. Authorize the Public Works Director to execute any necessary change orders; and
4. Authorize the City Manager or his designee to execute the Agreement with Streetlight Restoration Specialists, Inc., including minimal and/or non-substantive changes.
STRATEGIC FOCUS AREAS
Goal 5: Improve and Maintain the City’s Infrastructure and Facilities (IMCIF)
EXECUTIVE SUMMARY
The antique streetlights, which were initially installed over a hundred years ago, were taken out of service in 2004 due to unsafe wiring and corrosion at their foundations. In recent years, the City investigated the possibility of establishing an Antique Streetlight District through a Proposition 218 ballot initiative to secure funding for ongoing service and maintenance. Although the City received a generous $1.5 million State grant and allocated an additional $600,000 from City funds for the project, the ballot measure failed to pass. Consequently, all 109 of the antique streetlights were removed and placed in storage. City staff is requesting City Council approval to begin their restoration, preparing them for re-installation along Glendora Avenue as a component of the Glendora People Movement Project, focusing on First/Last Mile Improvements. The proposed agreement with Streetlight Restoration Specialists, Inc., in the amount of $226,240, will initiate the restoration of the poles. The contractor will refurbish 70 poles, carefully selecting those in the best condition from a total of 109.
LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The historic streetlight system, installed in two phases during 1911 and 1914 near the Glendora Village, has experienced significant deterioration over the years. Problems such as corroded conduits, hazardous wiring, and pole base damage compelled the City to deactivate the lights in 2004. Since that time, various initiatives have been undertaken to restore and finance the system. Notably, three attempts to create an assessment district under Proposition 218 through ballot measures in 2007, 2008, and 2023 were unsuccessful.
In January 2020, the City pursued State funding for the restoration project. This effort was successful, with Senator Anthony Portantino securing a $1.5 million appropriation in the FY 2021/22 State Budget. Additionally, the City allocated $600,000 in discretionary capital funds to further support the project. Despite these efforts, the most recent attempt in 2023 to establish an Antique Streetlight District through the Proposition 218 process did not achieve the necessary majority support from property owners. Consequently, all streetlight poles have been removed and stored, until a viable restoration plan was in place.
DISCUSSION
As the Glendora People Movement Project moves forward, plans are in place to reinstall the antique streetlights currently in storage along Glendora Avenue. City staff diligently sought out a contractor with the necessary expertise to restore the streetlights. Streetlight Restoration Specialists, Inc., a uniquely qualified and licensed contractor skilled in the niche field of antique streetlight restoration, has submitted a comprehensive proposal to refurbish 70 streetlight poles for a total of $226,240. Although 109 poles were initially removed, many are in disrepair, and the project demands less than 70 poles for the re-installation along Glendora Avenue. The restoration process will encompass paint removal, rust treatment, epoxy priming, the application of advanced engineered coatings, the crafting of inner rods, and the provision of new globes and LED lighting.
The contractor plans to undertake the restoration work on-site at the City’s Corporate Yard, thereby eliminating the need to transport the poles to and from their facility. It is important to note that no metal repairs are included in this project, as the City will pre-select the 70 best-condition poles from its inventory of over 100 stored units. Granting this contract will initiate the restoration process, preparing these historic lights for future service. The installation of the lights along Glendora Avenue will occur at a later stage, in conjunction with the First and Last Mile Improvements integral to the Glendora People Movement Project.
City staff recommends that the City Council approve the agreement with Streetlight Restoration Specialists, Inc., for contract services amounting to $226,240, with an additional contingency fund not exceeding 10% for the restoration of the antique streetlights. While a formal procurement process was not conducted, the City of Glendora’s Municipal Code (GMC) authorizes the execution of this agreement. Pursuant to GMC § 2.40.100(c)(3), competitive procurement is not required when goods or services can only be sourced from a single provider. The intricate restoration of antique streetlights necessitates a contractor with rare expertise, specialized equipment, and proper licensing. Streetlight Restoration Specialists, Inc. stands out as a sole source provider, uniquely qualified to fulfill the project’s requirements due to their extensive experience in this specialized field.
FISCAL IMPACT
This project is included in the Fiscal 2025-27 Adopted Two-Year Budget Capital Improvement Progam.
Agreement for Restoration of Antique Streetlights $226,240 10% Contingency $22,624
Total Requested Amount: $248,864
Project 5522104, Allocation from Fund 301, FY 2026 (Capital Improvement Project) $265,648
Remaining Balance: $16,784
ENVIRONMENTAL DETERMINATION
None.
Prepared By Valerie Velasquez-Santoya, Assistant Public Works Director Concurs With Not Applicable
Reviewed By William Wittkopf, Public Works Director
Certified to Availability of Funds Kyle Johnson, Finance Director/City Treasurer Approved By Adam Raymond, City Manager
Legal Review Danny Aleshire, City Attorney
CEQA Review Not Applicable
Attachments
A. Agreement.pdf
B. PowerPoint.pdf
AGREEMENT FOR CONTRACT SERVICES
By and Between
CITY OF GLENDORA
and
STREETLIGHT RESTORATION SPECIALISTS, INC.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 1
AGREEMENT FOR CONTRACT SERVICES
BETWEEN THE CITY OF GLENDORA AND
STREETLIGHT RESTORATION SPECIALISTS, INC.
THIS AGREEMENT FOR CONTRACT SERVICES (herein “Agreement”) is made and entered into this _____ day of __________, 2025 by and between the City of Glendora, a California municipal corporation (“City”) and Streetlight Restoration Specialists, Inc., a California Corporation (“Consultant”). City and Consultant may be referred to, individually or collectively, as “Party” or “Parties.”
RECITALS
A. City desires to retain Consultant, on an independent contractor basis, to perform the services defined and described particularly in Article 1 of this Agreement.
B. Consultant represents that it is fully qualified to perform such services by virtue of its experience and the training, education and expertise of its principals and employees.
C. Pursuant to the City of Glendora’s Municipal Code (GMC), City has authority to enter into and execute this Agreement. In accordance with GMC § 2.40.100(c)(3), competitive procurement is not required when the goods or services are available from only one source. The restoration of antique streetlights requires a highly specialized contractor with rare expertise, equipment, and licensing. Consultant is uniquely qualified to perform this work due to its extensive experience in antique streetlight restoration and is therefore considered a sole source provider for the required services. The Parties desire to formalize the selection of Consultant for performance of those services defined and described particularly in Article 1 of this Agreement and desire that the terms of that performance be as particularly defined and described herein.
OPERATIVE PROVISIONS
NOW, THEREFORE, in consideration of the mutual promises and covenants made by the Parties and contained herein and other consideration, the value and adequacy of which are hereby acknowledged, the Parties agree as follows:
ARTICLE 1. SERVICES OF CONSULTANT
1.1 Scope of Services.
In compliance with all terms and conditions of this Agreement, the Consultant shall provide those services specified in the “Scope of Services” attached hereto as Exhibit “A” and incorporated herein by this reference, which may be referred to herein as the “services” or “work” hereunder. As a material inducement to the City entering into this Agreement, Consultant represents and warrants that it has the qualifications, experience, and facilities necessary to properly perform the services required under this Agreement in a thorough, competent, and professional manner, and is experienced in performing the work and services contemplated herein. Consultant shall at all times faithfully, competently and to the best of its ability, experience and talent, perform all services described herein. Consultant covenants that it shall follow the highest professional standards in performing the work and services required hereunder and that all materials will be both of good quality as well as fit for the purpose intended. For purposes of this Agreement, the phrase “highest professional standards” shall mean those standards of practice recognized by one or more first-class firms performing similar work under similar circumstances.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 2
1.2 Consultant’s Proposal.
The Scope of Services shall include the Consultant’s “proposal” containing its scope of work or bid, which shall be incorporated herein by this reference as though fully set forth herein. In the event of any inconsistency between the terms of such proposal and this Agreement, the terms of this Agreement shall govern.
1.3 Compliance with Law.
Consultant shall keep itself informed concerning, and shall render all services hereunder in accordance with, all ordinances, resolutions, statutes, rules, and regulations of the City and any Federal, State or local governmental entity having jurisdiction in effect at the time service is rendered.
1.4 California Labor Law.
If the Scope of Services includes any “public work” or “maintenance work,” as those terms are defined in California Labor Code section 1720 et seq. and California Code of Regulations, Title 8, Section 16000 et seq., and if the total compensation is $1,000 or more, Consultant shall pay prevailing wages for such work and comply with the requirements in California Labor Code section 1770 et seq. and 1810 et seq., and all other applicable laws, including the following requirements:
(a) Public Work. The Parties acknowledge that some or all of the work to be performed under this Agreement is a “public work” as defined in Labor Code Section 1720 and that this Agreement is therefore subject to the requirements of Division 2, Part 7, Chapter 1 (commencing with Section 1720) of the California Labor Code relating to public works contracts and the rules and regulations established by the Department of Industrial Relations (“DIR”) implementing such statutes. The work performed under this Agreement is subject to compliance monitoring and enforcement by the DIR. Consultant shall post job site notices, as prescribed by regulation.
(b) Prevailing Wages. Consultant shall pay prevailing wages to the extent required by Labor Code Section 1771. Pursuant to Labor Code Section 1773.2, copies of the prevailing rate of per diem wages are on file at City Hall and will be made available to any interested party on request. By initiating any work under this Agreement, Consultant acknowledges receipt of a copy of the Department of Industrial Relations (DIR) determination of the prevailing rate of per diem wages, and Consultant shall post a copy of the same at each job site where work is performed under this Agreement. (c) Penalty for Failure to Pay Prevailing Wages. Consultant shall comply with and be bound by the provisions of Labor Code Sections 1774 and 1775 concerning the payment of prevailing rates of wages to workers and the penalties for failure to pay prevailing wages. The Consultant shall, as a penalty to the City, forfeit two hundred dollars ($200) for each calendar day, or portion thereof, for each worker paid less than the prevailing rates as determined by the DIR for the work or craft in which the worker is employed for any public work done pursuant to this Agreement by Consultant or by any subcontractor. (d) Payroll Records. Consultant shall comply with and be bound by the provisions of Labor Code Section 1776, which requires Consultant and each subconsultant to: keep accurate payroll records and verify such records in writing under penalty of perjury, as specified in Section 1776; certify and make such payroll records available for inspection as provided by Section 1776; and inform the City of the location of the records.
(e) Apprentices. Consultant shall comply with and be bound by the provisions of Labor Code Sections 1777.5, 1777.6, and 1777.7 and California Code of Regulations Title 8, Section 200 et seq.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 3 concerning the employment of apprentices on public works projects. Consultant shall be responsible for compliance with these aforementioned Sections for all apprenticeable occupations. Prior to commencing work under this Agreement, Consultant shall provide City with a copy of the information submitted to any applicable apprenticeship program. Within sixty (60) days after concluding work pursuant to this Agreement, Consultant and each of its subconsultants shall submit to the City a verified statement of the journeyman and apprentice hours performed under this Agreement.
(f) Eight-Hour Work Day. Consultant acknowledges that eight (8) hours labor constitutes a legal day's work. Consultant shall comply with and be bound by Labor Code Section 1810. (g) Penalties for Excess Hours. Consultant shall comply with and be bound by the provisions of Labor Code Section 1813 concerning penalties for workers who work excess hours. The Consultant shall, as a penalty to the City, forfeit twenty-five dollars ($25) for each worker employed in the performance of this Agreement by the Consultant or by any subcontractor for each calendar day during which such worker is required or permitted to work more than eight (8) hours in any one calendar day and forty (40) hours in any one calendar week in violation of the provisions of Division 2, Part 7, Chapter 1, Article 3 of the Labor Code. Pursuant to Labor Code section 1815, work performed by employees of Consultant in excess of eight (8) hours per day, and forty (40) hours during any one week shall be permitted upon public work upon compensation for all hours worked in excess of 8 hours per day at not less than one and one-half (1½) times the basic rate of pay.
(h) Workers’ Compensation. California Labor Code Sections 1860 and 3700 provide that every employer will be required to secure the payment of compensation to its employees if it has employees.
In accordance with the provisions of California Labor Code Section 1861, Consultant certifies as follows:
“I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for workers' compensation or to undertake self-insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.” Consultant’s Authorized Initials ___________________
Brian Moran, President
(i) Consultant’s Responsibility for Subcontractors. For every subcontractor who will perform work under this Agreement, Consultant shall be responsible for such subcontractor's compliance with Division 2, Part 7, Chapter 1 (commencing with Section 1720) of the California Labor Code, and shall make such compliance a requirement in any contract with any subcontractor for work under this Agreement.
Consultant shall be required to take all actions necessary to enforce such contractual provisions and ensure subcontractor's compliance, including without limitation, conducting a review of the certified payroll records of the subcontractor on a periodic basis or upon becoming aware of the failure of the subcontractor to pay his or her workers the specified prevailing rate of wages. Consultant shall diligently take corrective action to halt or rectify any such failure by any subcontractor.
1.5 Licenses, Permits, Fees and Assessments.
Consultant shall obtain at its sole cost and expense such licenses, permits and approvals as may be required by law for the performance of the services required by this Agreement. Consultant shall have the sole obligation to pay for any fees, assessments and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the Consultant’s performance of the services required by this Agreement, and shall indemnify, defend and hold harmless City, its officers, employees or agents of City, Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 4 against any such fees, assessments, taxes, penalties or interest levied, assessed or imposed against City hereunder.
1.6 Familiarity with Work.
By executing this Agreement, Consultant warrants that Consultant (i) has thoroughly investigated and considered the scope of services to be performed, (ii) has carefully considered how the services should be performed, and (iii) fully understands the facilities, difficulties and restrictions attending performance of the services under this Agreement. If the services involve work upon any site, Consultant warrants that Consultant has or will investigate the site and is or will be fully acquainted with the conditions there existing, prior to commencement of services hereunder. Should the Consultant discover any latent or unknown conditions, which will materially affect the performance of the services hereunder, Consultant shall immediately inform the City of such fact and shall not proceed except at Consultant’s risk until written instructions are received from the Contract Officer.
1.7 Care of Work.
The Consultant shall adopt reasonable methods during the life of this Agreement to furnish continuous protection to the work, and the equipment, materials, papers, documents, plans, studies and/or other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the work by City, except such losses or damages as may be caused by City’s own negligence.
1.8 Further Responsibilities of Parties.
Both Parties agree to use reasonable care and diligence to perform their respective obligations under this Agreement. Both Parties agree to act in good faith to execute all instruments, prepare all documents and take all actions as may be reasonably necessary to carry out the purposes of this Agreement. Unless hereafter specified, neither Party shall be responsible for the service of the other.
1.9 Additional Services.
City shall have the right at any time during the performance of the services, without invalidating this Agreement, to order extra work beyond that specified in the Scope of Services or make changes by altering, adding to or deducting from said work. No such extra work may be undertaken unless a written order is first given by the Contract Officer (as defined below) to the Consultant, incorporating therein any adjustment in (i) the Contract Sum (or a portion of the compensation due to Consultant) for the actual costs of the extra work, and/or (ii) the time to perform this Agreement, which said adjustments are subject to the written approval of the Consultant. Any increase in compensation of up to ten percent (10%) of the Contract Sum or $50,000, whichever is less; or, in the time to perform of up to one hundred eighty (180) days, may be approved by the Contract Officer. Any greater increases, taken either separately or cumulatively, must be approved by the City Council. It is expressly understood by Consultant that the provisions of this Section shall not apply to services specifically set forth in the Scope of Services. Consultant hereby acknowledges that it accepts the risk that the services to be provided pursuant to the Scope of Services may be more costly or time consuming than Consultant anticipates and that Consultant shall not be entitled to additional compensation therefor. City may in its sole and absolute discretion have similar work done by other Consultants. No claims for an increase in the Contract Sum or time for performance shall be valid unless the procedures established in this Section are followed.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 5
1.10 Special Requirements.
Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in the “Special Requirements” attached hereto as Exhibit “B” and incorporated herein by this reference. In the event of a conflict between the provisions of Exhibit “B” and any other provisions of this Agreement, the provisions of Exhibit “B” shall govern.
ARTICLE 2. COMPENSATION AND METHOD OF PAYMENT.
2.1 Contract Sum.
Subject to any limitations set forth in this Agreement, City agrees to pay Consultant the amounts specified in the “Schedule of Compensation” attached hereto as Exhibit “C” and incorporated herein by this reference. The total compensation, including reimbursement for actual expenses, shall not exceed Two Hundred Twenty-Six Thousand, Two Hundred Forty Dollars ($226,240) (the “Contract Sum”), unless additional compensation is approved pursuant to Section 1.9.
2.2 Method of Compensation.
The method of compensation may include: (i) a lump sum payment upon completion; (ii) payment in accordance with specified tasks or the percentage of completion of the services, less contract retention; (iii) payment for time and materials based upon the Consultant’s rates as specified in the Schedule of Compensation, provided that (a) time estimates are provided for the performance of sub tasks, (b) contract retention is maintained, and (c) the Contract Sum is not exceeded; or (iv) such other methods as may be specified in the Schedule of Compensation.
2.3 Reimbursable Expenses.
Compensation may include reimbursement for actual and necessary expenditures for reproduction costs, telephone expenses, and travel expenses approved by the Contract Officer in advance, or actual subcontractor expenses of an approved subcontractor pursuant to Section 4.5, and only if specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Consultant at all project meetings reasonably deemed necessary by the City. Coordination of the performance of the work with City is a critical component of the services. If Consultant is required to attend additional meetings to facilitate such coordination, Consultant shall not be entitled to any additional compensation for attending said meetings.
2.4 Invoices.
Each month Consultant shall furnish to City an original invoice for all work performed and expenses incurred during the preceding month in a form approved by City’s Director of Finance. By submitting an invoice for payment under this Agreement, Consultant shall be deemed to have certify compliance with all provisions of this Agreement. The invoice shall contain all information specified in Exhibit “C”, and shall detail charges for all necessary and actual expenses by the following categories: labor (by sub-category), travel, materials, equipment, supplies, and sub-contractor contracts. Sub-contractor charges shall also be detailed by such categories. Consultant shall not invoice City for any duplicate services performed by more than one person.
City shall independently review each invoice submitted by the Consultant to determine whether the work performed and expenses incurred are in compliance with the provisions of this Agreement. Except as to any charges for work performed or expenses incurred by Consultant which are disputed by City, or as provided in Section 7.3, City will use its best efforts to cause Consultant to be paid within forty-five (45) days of receipt Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 6 of Consultant’s correct and undisputed invoice; however, Consultant acknowledges and agrees that due to City warrant run procedures, the City cannot guarantee that payment will occur within this time period. In the event any charges or expenses are disputed by City, the original invoice shall be returned by City to Consultant for correction and resubmission. Review and payment by City for any invoice provided by the Consultant shall not constitute a waiver of any rights or remedies provided herein or any applicable law.
2.5 Waiver.
Payment to Consultant for work performed pursuant to this Agreement shall not be deemed to waive any defects in work performed by Consultant.
ARTICLE 3. PERFORMANCE SCHEDULE
3.1 Time of Essence.
Time is of the essence in the performance of this Agreement.
3.2 Schedule of Performance.
Consultant shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services within the time period(s) established in the “Schedule of Performance” attached hereto as Exhibit “D” and incorporated herein by this reference. When requested by the Consultant, extensions to the time period(s) specified in the Schedule of Performance may be approved in writing by the Contract Officer but not exceeding one hundred eighty (180) days cumulatively.
3.3 Force Majeure.
The time period(s) specified in the Schedule of Performance for performance of the services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of the Consultant, including, but not restricted to, acts of God or of the public enemy, unusually severe weather, fires, earthquakes, floods, epidemics, quarantine restrictions, riots, strikes, freight embargoes, wars, litigation, and/or acts of any governmental agency, including the City, if the Consultant shall within ten (10) days of the commencement of such delay notify the Contract Officer in writing of the causes of the delay. The Contract Officer shall ascertain the facts and the extent of delay, and extend the time for performing the services for the period of the enforced delay when and if in the judgment of the Contract Officer such delay is justified. The Contract Officer’s determination shall be final and conclusive upon the Parties to this Agreement. In no event shall Consultant be entitled to recover damages against the City for any delay in the performance of this Agreement, however caused, Consultant’s sole remedy being extension of this Agreement pursuant to this Section.
3.4 Term.
Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect until completion of the services but not exceeding nine (9) months from the date hereof (“Term”), except as otherwise provided in the Schedule of Performance (as shown on Exhibit “D” attached hereto). The City Manager may, at his/her sole discretion, extend the Term for an additional nine (9) month term, so long as any applicable adjustment to the Contract Sum for such extension does not exceed the applicable percent change of the Consumer Price Index for All Urban Consumers (CPI-U) for Los AngelesLong Beach-Anaheim.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 7 ARTICLE 4. COORDINATION OF WORK
4.1 Representatives and Personnel of Consultant.
The following principals of Consultant (“Principals”) are hereby designated as being the principals and representatives of Consultant authorized to act in its behalf with respect to the work specified herein and make all decisions in connection therewith:
Brian Moran, President
It is expressly understood that the experience, knowledge, capability and reputation of the foregoing principals were a substantial inducement for City to enter into this Agreement. Therefore, the foregoing principals shall be responsible during the Term of this Agreement for directing all activities of Consultant and devoting sufficient time to personally supervise the services hereunder. All personnel of Consultant, and any authorized agents, shall at all times be under the exclusive direction and control of the Principals. For purposes of this Agreement, the foregoing Principals may not be replaced nor may their responsibilities be substantially reduced by Consultant without the express written approval of City. Additionally, Consultant shall utilize only competent personnel to perform services pursuant to this Agreement. Consultant shall make every reasonable effort to maintain the stability and continuity of Consultant’s staff and subcontractors, if any, assigned to perform the services required under this Agreement. Consultant shall notify City of any changes in Consultant’s staff and subcontractors, if any, assigned to perform the services required under this Agreement, prior to and during any such performance.
4.2 Status of Consultant.
Consultant shall have no authority to bind City in any manner, or to incur any obligation, debt or liability of any kind on behalf of or against City, whether by contract or otherwise, unless such authority is expressly conferred under this Agreement or is otherwise expressly conferred in writing by City. Consultant shall not at any time or in any manner represent that Consultant or any of Consultant’s officers, employees, or agents are in any manner officials, officers, employees or agents of City. Neither Consultant, nor any of Consultant’s officers, employees or agents, shall obtain any rights to retirement, health care or any other benefits which may otherwise accrue to City’s employees. Consultant expressly waives any claim Consultant may have to any such rights.
4.3 Contract Officer.
The Contract Officer shall be the City’s Public Works Director, or such person as may be designated by the City Manager. It shall be the Consultant’s responsibility to assure that the Contract Officer is kept informed of the progress of the performance of the services and the Consultant shall refer any decisions which must be made by City to the Contract Officer. Unless otherwise specified herein, any approval of City required hereunder shall mean the approval of the Contract Officer. The Contract Officer shall have authority, if specified in writing by the City Manager, to sign all documents on behalf of the City required hereunder to carry out the terms of this Agreement.
4.4 Independent Consultant.
Neither the City nor any of its employees shall have any control over the manner, mode or means by which Consultant, its agents or employees, perform the services required herein, except as otherwise set forth herein. City shall have no voice in the selection, discharge, supervision or control of Consultant’s employees, Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 8 servants, representatives or agents, or in fixing their number, compensation or hours of service. Consultant shall perform all services required herein as an independent contractor of City and shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. Consultant shall not at any time or in any manner represent that it or any of its agents or employees are agents or employees of City. City shall not in any way or for any purpose become or be deemed to be a partner of Consultant in its business or otherwise or a joint venturer or a member of any joint enterprise with Consultant.
4.5 Prohibition Against Subcontracting or Assignment.
The experience, knowledge, capability and reputation of Consultant, its principals and employees were a substantial inducement for the City to enter into this Agreement. Therefore, Consultant shall not contract with any other entity to perform in whole or in part the services required hereunder without the express written approval of the City. In addition, neither this Agreement nor any interest herein may be transferred, assigned, conveyed, hypothecated or encumbered voluntarily or by operation of law, whether for the benefit of creditors or otherwise, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Consultant, taking all transfers into account on a cumulative basis. In the event of any such unapproved transfer, including any bankruptcy proceeding, this Agreement shall be void. No approved transfer shall release the Consultant or any surety of Consultant of any liability hereunder without the express consent of City.
ARTICLE 5. INSURANCE AND INDEMNIFICATION
5.1 Insurance Coverages.
Without limiting Consultant’s indemnification of City, and prior to commencement of any services under this Agreement, Consultant shall obtain, provide and maintain at its sole cost and expense during the Term of this Agreement, policies of insurance of the type and amounts described below and in a form satisfactory to City.
(a) General Liability Insurance. Consultant shall maintain commercial general liability insurance with coverage at least as broad as Insurance Services Office form CG 00 01, in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate, for bodily injury, personal injury, and property damage, including without limitation, blanket contractual liability. The policy must include contractual liability that has not been amended. Any endorsement restricting standard ISO “insured contract” language will not be accepted.
(b) Automobile Liability Insurance. Consultant shall maintain automobile insurance at least as broad as Insurance Services Office form CA 00 01 covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with the services to be performed under this Agreement, including coverage for any owned, hired, non-owned or rented vehicles, in an amount not less than $1,000,000 combined single limit for each accident.
(c) Professional Liability (errors & omissions) Insurance. Consultant shall maintain professional liability insurance that covers the Services to be performed in connection with this Agreement, in the minimum amount of $1,000,000 per claim and in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the effective date of this Agreement and Consultant agrees to maintain continuous coverage through a period no less than three (3) years after completion of the services required by this Agreement.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 9 (d) Workers’ Compensation Insurance. Consultant shall maintain Workers’ Compensation Insurance (Statutory Limits) and Employer’s Liability Insurance (with limits of at least $1,000,000). (e) Subcontractors. Consultant shall include all subcontractors as insureds under its policies or shall furnish separate certificates and certified endorsements for each subcontractor. All coverages for subcontractors shall include all of the requirements stated herein. (f) Additional Insurance. Policies of such other insurance, as may be required in the Special Requirements in Exhibit “B”.
5.2 General Insurance Requirements.
(a) Proof of Insurance. Consultant shall provide certificates of insurance to City as evidence of the insurance coverage required herein, along with a waiver of subrogation endorsement for workers’ compensation. Insurance certificates and endorsements must be approved by City’s Risk Manager prior to commencement of performance. Current certification of insurance shall be kept on file with City at all times during the Term of this Agreement. City reserves the right to require complete, certified copies of all required insurance policies, at any time.
(b) Duration of Coverage. Consultant shall procure and maintain for the duration of this Agreement insurance against claims for injuries to persons or damages to property, which may arise from or in connection with the performance of the Services hereunder by Consultant, its agents, representatives, employees or subconsultants.
(c) Primary/Noncontributing. Coverage provided by Consultant shall be primary and any insurance or self-insurance procured or maintained by City shall not be required to contribute with it. The limits of insurance required herein may be satisfied by a combination of primary and umbrella or excess insurance. Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non-contributory basis for the benefit of City before the City’s own insurance or self-insurance shall be called upon to protect it as a named insured. (d) City’s Rights of Enforcement. In the event any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, City has the right but not the duty to obtain the insurance it deems necessary and any premium paid by City will be promptly reimbursed by Consultant or City will withhold amounts sufficient to pay premium from Consultant payments.
In the alternative, City may cancel this Agreement.
(e) Acceptable Insurers. All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance or that is on the List of Approved Surplus Line Insurers in the State of California, with an assigned policyholders’ Rating of A- (or higher) and Financial Size Category Class VI (or larger) in accordance with the latest edition of Best’s Key Rating Guide, unless otherwise approved by the City’s Risk Manager. (f) Waiver of Subrogation. All insurance coverage maintained or procured pursuant to this agreement shall be endorsed to waive subrogation against City, its elected or appointed officers, agents, officials, employees and volunteers or shall specifically allow Consultant or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Consultant hereby waives its own right of recovery against City, and shall require similar written express waivers and insurance clauses from each of its subconsultants.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 10 (g) Enforcement of Contract Provisions (non-estoppel). Consultant acknowledges and agrees that any actual or alleged failure on the part of the City to inform Consultant of non-compliance with any requirement imposes no additional obligations on the City nor does it waive any rights hereunder. (h) Requirements not Limiting. Requirements of specific coverage features or limits contained in this section are not intended as a limitation on coverage, limits or other requirements, or a waiver of any coverage normally provided by any insurance. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be all inclusive, or to the exclusion of other coverage, or a waiver of any type. If the Consultant maintains higher limits than the minimums shown above, the City requires and shall be entitled to coverage for the higher limits maintained by the Consultant. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.
(i) Notice of Cancellation. Consultant agrees to oblige its insurance agent or broker and insurers to provide to City with a thirty (30) day notice of cancellation (except for nonpayment for which a ten (10) day notice is required) or nonrenewal of coverage for each required coverage. (j) Additional Insured Status. General liability and automobile policies shall provide or be endorsed to provide that City and its officers, officials, employees, and agents, and volunteers shall be additional insureds under such policies. This provision shall also apply to any excess/umbrella liability policies. (k) Prohibition of Undisclosed Coverage Limitations. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to City and approved by the City in writing. (l) Separation of Insureds. A severability of interests provision must apply for all additional insureds ensuring that Consultant’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the insurer’s limits of liability. The policy(ies) shall not contain any cross-liability exclusions.
(m) Pass Through Clause. Consultant agrees to ensure that its subconsultants, subcontractors, and any other party involved with the services who is brought onto or involved in the services by Consultant, provide the same minimum insurance coverage and endorsements required of Consultant.
Consultant agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Consultant agrees that upon request, all agreements with consultants, subcontractors, and others engaged in the services will be submitted to City for review.
(n) City’s Right to Revise Specifications. The City reserves the right at any time during the Term of this Agreement to change the amounts and types of insurance required by giving the Consultant ninety (90) days advance written notice of such change. If such change results in substantial additional cost to the Consultant, the City and Consultant may renegotiate Consultant’s compensation. (o) Deductibles / Self-insured Retentions. Any deductibles and self-insured retentions must be declared to and approved by City. At the option of the City, either: the insurer shall reduce or eliminate such deductibles or self-insured retentions with respect to the City, it officers, officials, employees, agents and volunteers, or the Consultant shall provide a financial guarantee satisfactory to the city guaranteeing payment of losses and related investigations, claims administration and defense expense.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 11 (p) Timely Notice of Claims. Consultant shall give City prompt and timely notice of claims made or suits instituted that arise out of or result from Consultant’s performance under this Agreement, and that involve or may involve coverage under any of the required liability policies. (q) Additional Insurance. Consultant shall also procure and maintain, at its own cost and expense, any additional kinds of insurance, which in its own judgment may be necessary for its proper protection and prosecution of the work.
5.3 Indemnification.
To the full extent permitted by law, Consultant agrees to indemnify, defend and hold harmless the City, its officers, employees and agents (“Indemnified Parties”) against, and will hold and save them and each of them harmless from, any and all actions, either judicial, administrative, arbitration or regulatory claims, damages to persons or property, losses, costs, penalties, obligations, errors, omissions or liabilities whether actual or threatened (herein “claims or liabilities”) that may be asserted or claimed by any person, firm or entity arising out of or in connection with the negligent performance of the work, operations or activities provided herein of Consultant, its officers, employees, agents, subcontractors, or invitees, or any individual or entity for which Consultant is legally liable (“indemnitors”), or arising from Consultant’s or indemnitors’ reckless or willful misconduct, or arising from Consultant’s or indemnitors’ negligent performance of or failure to perform any term, provision, covenant or condition of this Agreement, and in connection therewith:
(a) Consultant will defend any action or actions filed in connection with any of said claims or liabilities and will pay all costs and expenses, including legal costs and attorneys’ fees incurred in connection therewith;
(b) Consultant will promptly pay any judgment rendered against the City, its officers, agents or employees for any such claims or liabilities arising out of or in connection with the negligent performance of or failure to perform such work, operations or activities of Consultant hereunder; and Consultant agrees to save and hold the City, its officers, agents, and employees harmless therefrom; (c) In the event the City, its officers, agents or employees is made a party to any action or proceeding filed or prosecuted against Consultant for such damages or other claims arising out of or in connection with the negligent performance of or failure to perform the work, operation or activities of Consultant hereunder, Consultant agrees to pay to the City, its officers, agents or employees, any and all costs and expenses incurred by the City, its officers, agents or employees in such action or proceeding, including but not limited to, legal costs and attorneys’ fees.
(d) Consultant shall incorporate similar indemnity agreements with its subcontractors and if it fails to do so Consultant shall be fully responsible to indemnify City hereunder therefore, and failure of City to monitor compliance with these provisions shall not be a waiver hereof. This indemnification includes claims or liabilities arising from any negligent or wrongful act, error or omission, or reckless or willful misconduct of Consultant in the performance of professional services hereunder. The provisions of this Section do not apply to claims or liabilities occurring as a result of City’s sole negligence or willful acts or omissions, but, to the fullest extent permitted by law, shall apply to claims and liabilities resulting in part from City’s negligence, except that design professionals’ indemnity hereunder shall be limited to claims and liabilities arising out of the negligence, recklessness or willful misconduct of the design professional. The indemnity obligation shall be binding on successors and assigns of Consultant and shall survive termination of this Agreement.
ARTICLE 6. RECORDS, REPORTS, AND RELEASE OF INFORMATION Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 12
6.1 Records.
Consultant shall keep, and require subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports, studies or other documents relating to the disbursements charged to City and services performed hereunder (the “books and records”), as shall be necessary to perform the services required by this Agreement and enable the Contract Officer to evaluate the performance of such services. Any and all such documents shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Contract Officer shall have full and free access to such books and records at all times during normal business hours of City, including the right to inspect, copy, audit and make records and transcripts from such records. Such records shall be maintained for a period of three (3) years following completion of the services hereunder, and the City shall have access to such records in the event any audit is required. In the event of dissolution of Consultant’s business, custody of the books and records may be given to City, and access shall be provided by Consultant’s successor in interest. Notwithstanding the above, the Consultant shall fully cooperate with the City in providing access to the books and records if a public records request is made and disclosure is required by law including but not limited to the California Public Records Act.
6.2 Reports.
Consultant shall periodically prepare and submit to the Contract Officer such reports concerning the performance of the services required by this Agreement as the Contract Officer shall require. Consultant hereby acknowledges that the City is greatly concerned about the cost of work and services to be performed pursuant to this Agreement. For this reason, Consultant agrees that if Consultant becomes aware of any facts, circumstances, techniques, or events that may or will materially increase or decrease the cost of the work or services contemplated herein or, if Consultant is providing design services, the cost of the project being designed, Consultant shall promptly notify the Contract Officer of said fact, circumstance, technique or event and the estimated increased or decreased cost related thereto and, if Consultant is providing design services, the estimated increased or decreased cost estimate for the project being designed.
6.3 Ownership of Documents.
All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents and other materials (the “documents and materials”) prepared by Consultant, its employees, subcontractors and agents in the performance of this Agreement shall be the property of City and shall be delivered to City upon request of the Contract Officer or upon the termination of this Agreement, and Consultant shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the documents and materials hereunder. Any use, reuse or assignment of such completed documents for other projects and/or use of uncompleted documents without specific written authorization by the Consultant will be at the City’s sole risk and without liability to Consultant, and Consultant’s guarantee and warranties shall not extend to such use, reuse or assignment.
Consultant may retain copies of such documents for its own use. Consultant shall have the right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any documents or materials prepared by them, and in the event Consultant fails to secure such assignment, Consultant shall indemnify City for all damages resulting therefrom. Moreover, Consultant with respect to any documents and materials that may qualify as “works made for hire” as defined in 17 U.S.C. § 101, such documents and materials are hereby deemed “works made for hire” for the City.
6.4 Confidentiality and Release of Information.
(a) All information gained or work product produced by Consultant in performance of this Agreement shall be considered confidential, unless such information is in the public domain or already known Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 13 to Consultant. Consultant shall not release or disclose any such information or work product to persons or entities other than City without prior written authorization from the Contract Officer. (b) Consultant, its officers, employees, agents or subcontractors, shall not, without prior written authorization from the Contract Officer or unless requested by the City Attorney, voluntarily provide documents, declarations, letters of support, testimony at depositions, response to interrogatories or other information concerning the work performed under this Agreement. Response to a subpoena or court order shall not be considered “voluntary” provided Consultant gives City notice of such court order or subpoena. (c) If Consultant, or any officer, employee, agent or subcontractor of Consultant, provides any information or work product in violation of this Agreement, then City shall have the right to reimbursement and indemnity from Consultant for any damages, costs and fees, including attorney’s fees, caused by or incurred as a result of Consultant’s conduct.
(d) Consultant shall promptly notify City should Consultant, its officers, employees, agents or subcontractors be served with any summons, complaint, subpoena, notice of deposition, request for documents, interrogatories, request for admissions or other discovery request, court order or subpoena from any party regarding this Agreement and the work performed there under. City retains the right, but has no obligation, to represent Consultant or be present at any deposition, hearing or similar proceeding. Consultant agrees to cooperate fully with City and to provide City with the opportunity to review any response to discovery requests provided by Consultant. However, this right to review any such response does not imply or mean the right by City to control, direct, or rewrite said response.
ARTICLE 7. ENFORCEMENT OF AGREEMENT AND TERMINATION
7.1 California Law.
This Agreement shall be interpreted, construed and governed both as to validity and to performance of the Parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Los Angeles, State of California, or any other appropriate court in such county, and Consultant covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. In the event of litigation in a U.S. District Court, venue shall lie exclusively in the Central District of California, in the County of Los Angeles, State of California.
7.2 Disputes; Default.
In the event that Consultant is in default under the terms of this Agreement, the City shall not have any obligation or duty to continue compensating Consultant for any work performed after the date of default.
Instead, the City may give notice to Consultant of the default and the reasons for the default. The notice shall include the timeframe in which Consultant may cure the default. This timeframe is presumptively thirty (30) days, but may be extended, though not reduced, if circumstances warrant, as determined by the Contract Officer. The cure period may run concurrently with the termination period as provided in Section 7.7, if the option to cure in the alternative to termination. During the period of time that Consultant is in default, the City shall hold all invoices and shall, when the default is cured, proceed with payment on the invoices. In the alternative, the City may, in its sole discretion, elect to pay some or all of the outstanding invoices during the period of default. If Consultant does not cure the default, the City may take necessary steps to terminate this Agreement under this Article. Any failure on the part of the City to give notice of the Consultant’s default shall not be deemed to result in a waiver of the City’s legal rights or any rights arising out of any provision of this Agreement.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 14
7.3 Retention of Funds.
Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Consultant’s acts or omissions in performing or failing to perform Consultant’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Consultant, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Consultant to insure, indemnify, and protect City as elsewhere provided herein.
7.4 Waiver.
Waiver by any Party to this Agreement of any term, condition, or covenant of this Agreement shall not constitute a waiver of any other term, condition, or covenant. Waiver by any Party of any breach of the provisions of this Agreement shall not constitute a waiver of any other provision or a waiver of any subsequent breach or violation of any provision of this Agreement. Acceptance by City of any work or services by Consultant shall not constitute a waiver of any of the provisions of this Agreement. No delay or omission in the exercise of any right or remedy by a non-defaulting Party on any default shall impair such right or remedy or be construed as a waiver. Any waiver by either Party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement.
7.5 Rights and Remedies are Cumulative.
Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the Parties are cumulative and the exercise by either Party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other Party.
7.6 Legal Action.
In addition to any other rights or remedies, either Party may take legal action, in law or in equity, to cure, correct or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. Notwithstanding any contrary provision herein, Consultant shall file a statutory claim pursuant to Government Code Sections 905 et seq. and 910 et seq., in order to pursue a legal action under this Agreement.
7.7 Termination Prior to Expiration of Term.
This Section shall govern any termination of this Agreement except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Agreement at any time, with or without cause, upon thirty (30) days’ written notice to Consultant, except that where termination is due to the fault of the Consultant, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Consultant reserves the right to terminate this Agreement at any time, with or without cause, upon sixty (60) days’ written notice to City, except that where termination is due to the fault of the City, the period of notice may be such shorter time as the Consultant may determine. Upon receipt of any notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Consultant has initiated termination, the Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 15 Consultant shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination and for any services authorized by the Contract Officer thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, except as provided in Section
7.3. In the event the Consultant has initiated termination, the Consultant shall be entitled to compensation only for the reasonable value of the work product actually produced hereunder. In the event of termination without cause pursuant to this Section, the terminating party need not provide the non-terminating party with the opportunity to cure pursuant to Section 7.2.
7.8 Termination for Default of Consultant.
If termination is due to the failure of the Consultant to fulfill its obligations under this Agreement, City may, after compliance with the provisions of Section 7.2, take over the work and prosecute the same to completion by contract or otherwise, and the Consultant shall be liable to the extent that the total cost for completion of the services required hereunder exceeds the compensation herein stipulated (provided that the City shall use reasonable efforts to mitigate such damages), and City may withhold any payments to the Consultant for the purpose of set-off or partial payment of the amounts owed the City as previously stated.
7.9 Attorneys’ Fees.
If either Party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to reasonable attorney’s fees. Attorney’s fees shall include attorneys’ fees on any appeal, and in addition a Party entitled to attorneys’ fees shall be entitled to all other reasonable costs for investigating such action, taking depositions and discovery and all other necessary costs the court allows which are incurred in such litigation. All such fees shall be deemed to have accrued on commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment.
ARTICLE 8. CITY OFFICERS AND EMPLOYEES: NON-DISCRIMINATION
8.1 Non-liability of City Officers and Employees.
No officer or employee of the City shall be personally liable to the Consultant, or any successor in interest, in the event of any default or breach by the City or for any amount which may become due to the Consultant or to its successor, or for breach of any obligation of the terms of this Agreement.
8.2 Conflict of Interest.
Consultant covenants that neither it, nor any officer or principal of its firm, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Consultant’s performance of services under this Agreement. Consultant further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent or subcontractor without the express written consent of the Contract Officer.
Consultant agrees to at all times avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City in the performance of this Agreement.
No officer or employee of the City shall have any financial interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to this Agreement which affects her/his financial interest or the financial interest of any corporation, partnership or association in which (s)he is, directly or indirectly, interested, in violation of any State statute or regulation. The Consultant warrants that Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 16 it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement.
8.3 Covenant Against Discrimination.
Consultant covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry or other protected class in the performance of this Agreement. Consultant shall take affirmative action to insure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry or other protected class.
8.4 Unauthorized Aliens.
Consultant hereby promises and agrees to comply with all of the provisions of the Federal Immigration and Nationality Act, 8 U.S.C. § 1101 et seq., as amended, and in connection therewith, shall not employ unauthorized aliens as defined therein. Should Consultant so employ such unauthorized aliens for the performance of work and/or services covered by this Agreement, and should any liability or sanctions be imposed against City for such use of unauthorized aliens, Consultant hereby agrees to and shall reimburse City for the cost of all such liabilities or sanctions imposed, together with any and all costs, including attorneys’ fees, incurred by City.
ARTICLE 9. MISCELLANEOUS PROVISIONS
9.1 Notices.
Any notice, demand, request, document, consent, approval, or communication either Party desires or is required to give to the other Party or any other person shall be in writing and either served personally or sent by prepaid, first-class mail, in the case of the City, to the City Manager and to the attention of the Contract Officer (with her/his name and City title), City of Glendora, 116 E. Foothill Blvd., Glendora, California 91741- 3380, and in the case of the Consultant, to the person(s) at the address designated on the execution page of this Agreement. Either Party may change its address by notifying the other Party of the change of address in writing.
Notice shall be deemed communicated at the time personally delivered or in seventy-two (72) hours from the time of mailing if mailed as provided in this Section.
9.2 Interpretation.
The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either Party by reason of the authorship of this Agreement or any other rule of construction which might otherwise apply.
9.3 Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed to be an original, and such counterparts shall constitute one and the same instrument. Each of the parties intend to be bound by the signatures on any telecopied, .pdf or other electronically delivered document, and are aware that the other party will rely on the telecopied, .pdf or other electronically delivered signatures, and hereby waive any defenses to the enforcement of the terms of this Agreement based on the form of signature.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 17
9.4 Integration; Amendment.
This Agreement including the attachments hereto is the entire, complete and exclusive expression of the understanding of the Parties. It is understood that there are no oral agreements between the Parties hereto affecting this Agreement and this Agreement supersedes and cancels any and all previous negotiations, arrangements, agreements and understandings, if any, between the Parties, and none shall be used to interpret this Agreement. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by the Consultant and by the City Council. The Parties agree that this requirement for written modifications cannot be waived and that any attempted waiver shall be void.
9.5 Severability.
In the event that any one or more of the phrases, sentences, clauses, paragraphs, or sections contained in this Agreement shall be declared invalid or unenforceable by a valid judgment or decree of a court of competent jurisdiction, such invalidity or unenforceability shall not affect any of the remaining phrases, sentences, clauses, paragraphs, or sections of this Agreement which are hereby declared as severable and shall be interpreted to carry out the intent of the Parties hereunder unless the invalid provision is so material that its invalidity deprives either Party of the basic benefit of their bargain or renders this Agreement meaningless.
9.6 Warranty & Representation of Non-Collusion.
No official, officer, or employee of City has any financial interest, direct or indirect, in this Agreement, nor shall any official, officer, or employee of City participate in any decision relating to this Agreement which may affect his/her financial interest or the financial interest of any corporation, partnership, or association in which (s)he is directly or indirectly interested, or in violation of any corporation, partnership, or association in which (s)he is directly or indirectly interested, or in violation of any State or municipal statute or regulation.
The determination of “financial interest” shall be consistent with State law and shall not include interests found to be “remote” or “noninterests” pursuant to Government Code Sections 1091 or 1091.5. Consultant warrants and represents that it has not paid or given, and will not pay or give, to any third party including, but not limited to, any City official, officer, or employee, any money, consideration, or other thing of value as a result or consequence of obtaining or being awarded any agreement. Consultant further warrants and represents that (s)he/it has not engaged in any act(s), omission(s), or other conduct or collusion that would result in the payment of any money, consideration, or other thing of value to any third party including, but not limited to, any City official, officer, or employee, as a result of consequence of obtaining or being awarded any agreement.
Consultant is aware of and understands that any such act(s), omission(s) or other conduct resulting in such payment of money, consideration, or other thing of value will render this Agreement void and of no force or effect.
Consultant’s Authorized Initials ___________________
Brian Moran, President
9.7 Authority.
The persons executing this Agreement on behalf of the Parties hereto warrant that (i) such Party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said Party, (iii) by so executing this Agreement, such Party is formally bound to the provisions of this Agreement, and (iv) that entering into this Agreement does not violate any provision of any other agreement to which said Party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the Parties.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 18 [SIGNATURES APPEAR ON THE FOLLOWING PAGE]
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Agreement – Streetlight Restoration Specialists (Restoration of Antique Poles) 08.26.2025 19 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the date and year first-above written.
CITY:
CITY OF GLENDORA, a municipal corporation
Adam Raymond
City Manager
APPROVED AS TO FORM: CERTIFY AVAILABILITY OF FUNDS:
ALESHIRE & WYNDER, LLP
Danny Aleshire
City Attorney
Kyle Johnson
Finance Director/City Treasurer
ATTEST:
Kathleen R. Sessman
City Clerk/Communications Director
CONSULTANT:
STREETLIGHT RESTORATION SPECIALISTS, INC.,
a California corporation
Name: Brian Moran
Title: President
Email Address: [email protected]
Name: Brian Moran
Title: Secretary
Email Address: [email protected]
Address: 2828 Cochran Street #360
Simi Valley, CA 93065
Two corporate officer signatures required when Consultant is a corporation, with one signature required from each of the following groups: 1) Chairman of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 Aug 14, 2025 | 10:23 AM PDT
Aug 14, 2025 | 10:23 AM PDT
01240.0001/1070476.1 A-1
EXHIBIT “A”
SCOPE OF SERVICES
I. Consultant will perform the following services:
A. Full restoration of seventy (70) City owned antique streetlight poles, with 210 Inner Rods, 80 Globes, and 80 Mogul Bases and LED Corn Cob lamps.
II. As part of the services, Consultant will prepare and deliver the following tangible work products to the City:
A. Full restoration of City owned antique streetlights:
i. Mobilization of shipping containers which will serve as work zone. ii. Paint Removal
iii. Rust Inhibitor and/or Converter application
iv. Application of High-Performance Primer
v. Application of High-Performance Engineered Polysiloxane vi. Fabrication of New Inner Rods
vii. New Polycarbonate or Acrylic Acorn Style Globes
viii. New Mogul Base and Corn Cob LED Lamp
ix. Three Year Warranty
A detailed description of the items set forth above is shown, attached hereto as Exhibit “A1.” III. In addition to the requirements of Section 6.2, during performance of the services, Consultant will keep the City appraised of the status of performance by delivering the following status reports:
A. Updates will be made available by Consultant upon request at any time as requested by the Contract Officer.
IV. All work product is subject to review and acceptance by the City and must be revised by the Consultant without additional charge to the City until found satisfactory and accepted by City.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 01240.0001/1070476.1 “A-1”-1
EXHIBIT “A-1”
All work to be completed at the City corporate yard located at 1250 St Vladimir Street where the streetlights and poles units will be located.
SCOPE OF WORK:
MOBILIZATION: Consultant shall bring two (2) separate 40’ shipping containers which will serve as its stripping/paint removal work zone and also for temporary priming/painting paint booth. Adequate space to place the shipping containers, work vehicles, other equipment and a staging area for parts which are works in progress shall be provided by the City, to the extent reasonably feasible. Consultant will build racks on site for staging the poles and pole components during the various stages of work in the restoration. After all work is complete, Consultant will disassemble the racks and remove them from City property.
PAINT REMOVAL: Existing coatings shall be removed from the existing cast iron and steel components.
Coatings removal shall be accomplished by one or more of the following methods, or a combination thereof: Hand scraping and sanding, power tools, grinders, surface preparation tools, abrasive blasting, needle guns and laser paint removal. Coatings shall be removed from the exterior portions of the pole unit assembly which are to receive new paint, and which will be visible after the pole is erected in its normal functioning position.
RUST INHIBITOR AND/OR CONVERTER: One (1) coat of rust converter shall be applied as necessary to areas of the components which are more susceptible to future rust.
APPLICATION OF HIGH-PERFORMANCE PRIMER: Two (2) coats of high-performance high solids 2 component Epoxy Primer (SW MacroPoxy 646 or PPG’s Amerlock 2) shall be applied separately. Adequate time between each coat of primer will be given to allow time for each coat to properly cure before new coatings are applied. Coatings shall primarily be applied by way of customized HVLP spray systems, to achieve the highest Wet Film Thicknesses and also provide the most aesthetically pleasing finish. In certain areas Consultant may also utilize a brush or roller to ‘force’ coatings into small cracks, indentations or crevices found in the original castings.
APPLICATION OF HIGH-PERFORMANCE ENGINEERED POLYSILOXANE: Consultant will apply one (1) coat of high solids high performance Engineered Polysiloxane high gloss coatings after the 2nd coat of prier has adequately cured. (Either SW Sherloxane800 or PPG PSX700) The color shall be chosen and approved by the City of Glendora prior to application. Solid colors are included in our price, but specialty colors such as metallics, chameleons, etc., are not included in the scope of work. Coatings shall primarily be applied by way of our customized HVLP spray systems, which allows us to achieve the highest Wet Film Thicknesses and also provides the most aesthetically pleasing finish. In certain areas Consultant may also utilize a brush or roller to ‘force’ coatings into small cracks, indentations or crevices found in the original castings.
FABRICATION OF NEW INNER RODS: The services shall include the fabrication of a total of two hundred and ten (210) inner rods which will be required for proper assembly and installation of the poles. The inner rods shall be manufactured to replicate the originals. One (1) existing inner rod shall be provided to Consultant for manufacturing purposes. The original inner rod shall be returned to the City after manufacturing is complete.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 01240.0001/1070476.1 “A-1”-2
Inner rods shall be threaded on each end, shall be galvanized and shall come with a total of four (4) galvanized nuts and washers for each rod, for a total of eight hundred and forty (840) nuts and washers. Inner rods shall be delivered to the City yard.
NEW POLYCARBONATE OR ACRYLIC ACORN STYLE GLOBES: Consultant shall provide a total of eighty (80) new polycarbonate or acrylic Acorn style globes. The material will depend on the availability of materials at the time and which we can obtain in the dimensions we need. A sample globe shall be obtained prior to placing the order for all eighty (80), in order to ensure proper fit and aesthetics. Options are limited in the globe selection, and we will provide options, if possible, to the City for review and confirmation. All eighty (80) globes shall be delivered to the City yard. The services hereunder are for a total of seventy (70) pole units. Consultant shall include ten (10) extra globes for when the globes are damaged and need to be replaced in the future.
NEW MOGUL BASE AND CORN COB LED LAMP: Included in our price are a total of eighty (80) new mogul bases and Corn Cob Style LED lamps. Color temperature and final design to be determined. Specification Sheets shall be provided by us to the City for review and so the city can decide and choose the color temperature of the new LED lamps. Consultant’s work shall consist of seventy (70) pole units. Consultant shall provide ten (10) extra LED Corn Cobs for when the LEDs are either damaged or come toward the end of their lives and need to be replaced.
WARRANTY: Consultant’s work shall include a warranty / guarantee as to the adhesion of its coatings, and that they will not peel or flake for a minimum of three (3) years from the date of application. Consultant’s guarantee does not apply to normal wear and tear and does NOT apply to damage and/or scratching from things happening during transportation of the completed units, bike chains, lawn mowers, vandalism and graffiti, or other forms of abuse outside of Consultant’s control.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 01240.0001/1070476.1 B-1
EXHIBIT “B”
SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)
Added text is indicated in bold italics, deleted text is indicated in strikethrough.
I. None.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 01240.0001/1070476.1 C-1
EXHIBIT “C”
SCHEDULE OF COMPENSATION
I. Consultant shall perform all work to the satisfaction of the City and following completion of all services, shall be entitled to lump sum payment in the amount of $226,240.00.
Per Unit Cost ($226,240.00 / 70 Units): $3,232.00 per unit Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215 01240.0001/1070476.1 D-1
EXHIBIT “D”
SCHEDULE OF PERFORMANCE
I. Consultant shall perform all services timely in accordance with the following schedule:
A. From date the Notice to Proceed (NTP) is issued by the Contract Officer, all services shall be completed within nine (9) months and otherwise in accordance with the Contract Officer’s required schedule for same.
B. All work shall take place between 7 a.m. and 6 p.m. on weekdays.
II. Consultant shall deliver the following tangible work products to the City by the following dates.
A. From date the Notice to Proceed (NTP) is issued by the Contract Officer, all deliverables listed in the Scope of Services set for in Exhibit “A” attached hereto shall be completed within nine (9) months and otherwise in accordance with the Contract Officer’s required schedule for same.
III. The Contract Officer may approve extensions for performance of the services in accordance with Section 3.2.
Docusign Envelope ID: B16FD657-6C42-4261-A1EB-D98E79ED9215
CONSIDERATION OF AN AGREEMENT FOR
RESTORATION OF THE ANTIQUE STREETLIGHTS
PUBLIC WORKS
GLENDORA CITY COUNCIL
AUGUST 26, 2025
VALERIE V. SANTOYA, ASSISTANT PUBLIC WORKS DIRECTOR
HISTORY
Antique Streetlights
• Installed in two phases: 1911 and 1914.
• System was shut down in 2004:
• Poles corroded / structurally compromised
• Initiatives to restore and finance failed.
• FY 21/22 $1.5M State Grant
• $600,000 City Allocation
• Prop 218 ballot measures: 2007, 2008, 2023
• 109 Antique Streetlights removed.
• City kept the poles in storage.
ANTIQUE STREETLIGHTS
Reinstallation along Glendora Avenue
• Glendora People Movement Project:
1st and Last Mile In Design.
• Restoration of streetlights required.
• Staff sought a contractor with necessary expertise
• Niche; rare expertise, specialized equipment
• Streetlight Restoration Specialists, Inc. holds unique licensing and expertise
Restoration
Scope of Work
Restoration of 70 antique streetlights (the 70 best will be selected for restoration from the stockpile of 109).
Paint Removal
Rust Treatment (Inhibitor and/or Converter)
Application of High Performance Primer
Application of High Performance Engineered Coating in Preferred Color Fabrication of New Inner Rods (210 total rods)
80 New Acorn Style Globes (10 spares provided)
80 New Mogul Bases and Corn Cob Led Lamp ( 10 spares provided) All work will be done at the City Corporate Yard
PROPOSED AGREEMENT
Contractor: Streetlight Restoration Specialists, Inc.
Term: Restoration complete in 9 months
Cost: $226,240 (requesting a 10% contingency)
Sole Source Procurement:
Per GMC § 2.40.100(c)(3) sole source procurement is permissible when only one provider can deliver required services:
Antique streetlight restoration is a niche specialty with very few qualified contractors;
Contractor holds unique licensing and expertise and has proven experience in restoring historic light poles to operational and aesthetic standards.
Antique Streetlight Restoration is included in the FY 25/26 Capital Improvement Project Approved Budget:
FISCAL IMPACT
FY 2026 Capital Improvement Project
Streetlight Restoration Specialist, Inc. Agreement: $226,240 10% Contingency: $22,624
Total Requested Amount: $248,864
Project 5522104, Allocation from Fund 301 (CIP) $265,648 Remaining Balance: $16,784
RECOMMENDATION:
THAT THE CITY COUNCIL:
1. Award an Agreement to Streetlight Restoration Specialists for the Restoration of the Antique Streetlights in the amount of $226,240, with the authorization for a ten percent (10%) contingency;
2. Authorize the Public Works Director to execute any necessary change order; and
3. Authorize the City Manager or his designee to execute the Agreement with Streetlight Restoration Specialists, Inc..
STAFF REPORT
TO: Mayor and Council Members DATE: August 26, 2025
FROM: Public Works DISTRICT(S): Citywide
SUBJECT: Consideration of a Memorandum of Understanding (MOU) with Three Valleys Municipal Water District (TVMWD) for the Water Use Efficiency (WUE) Dashboard Project and receive update on Urban Water Use Objective
RECOMMENDATION
That the City Council:
1. Receive and file the Urban Water Use Objective Update; and
2. Authorize and approve to enter into an inter-agency service and co-funding memorandum of understanding agreement with Three Valleys Municipal Water District (TVMWD) for the Water Use Efficiency (WUE) Dashboard Project in an amount not to exceed $70,224.
STRATEGIC FOCUS AREAS
Goal 5: Improve and Maintain the City’s Infrastructure and Facilities (IMCIF)
EXECUTIVE SUMMARY
The Urban Water Management Planning Act of California (ACT) requires urban water suppliers to update and submit an Urban Water Management Plan, at least once every five years, in years ending in six and one, to achieve efficient water use and strengthen local drought planning. Three Valleys Municipal Water District has agreed to serve as the leading agency in the development of the RUWMP and has issued a Request for Proposal (RFP), selected a qualified vendor and entered into a Professional Services Agreement with the selected consultant on behalf of six of its member agencies, including the City of Glendora.
The Urban Water Use Objective report for FY 23/24 was submitted to the State in December of 2024. The City of Glendora water use reduction target was 20.3%.
In July 2024, TVMWD was awarded $84,391 through the U.S. Bureau of Reclamation’s Applied Science Grant Program to support its Water Use Efficiency (WUE) Dashboard Project (“Project”). The Project is a regional initiative with the City of La Verne aimed at enhancing landscape water use efficiency by conducting aerial imagery analysis and land use classification for all commercial, industrial, and institutional (CII) and residential parcels within City of Glendora’s TVMWD service area. In addition, the Project includes a regional landscape analysis performed by the California Data Collaborative. The Project will assist in Urban Water Use Objective reporting requirements and achieving baseline targets of the 2025 RUWMP.
LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On May 24, 2022, City Council adopted a Resolution Implementing a Stage 3 Water Shortage Contingency Plan (WSCP) and directed staff to take appropriate actions as outlined in the adopted 2020 Water Shortage Contingency Plan.
On October 13, 2023, the Governor signed AB1572 into law, a state-wide ban on irrigation of Non-Functional Turf (NFT) with potable water on Commercial, Industrial, and Institutional (CII) properties. The ban would take effect starting in 2027.
On July 3, 2024, the California State Water Resources Control Board adopted the “Making Conservation a California Way of Life” regulation which implements AB 1668 and SB 606 to achieve long-term water use efficiency.
DISCUSSION
Regional Urban Water Management Plan
In June of 2025, the City of Glendora Water signed a Memorandum of Understanding with Three Valleys Municipal Water District to participate in the creation of a Regional Urban Water Management Plan (RUWMP). The California Urban Water Management Planning Act requires water agencies to submit an updated UWMP every five years. It provides a framework for assessing water supply reliability, demand forecasting, and compliance with state conservation and drought contingency regulations. Three Valleys is leading the development of the 2025 RUWMP in coordination with six participating member agencies, including the City of Glendora, City of La Verne, City of Pomona, Golden State Water Company (Claremont and San Dimas), Rowland Water District, and Walnut Valley Water District. TVMWD issued a Request for Proposals (RFP) for this project and received three proposals. GEI Consultants + WSC was selected as the preferred consultant for the 2025 RUWMP. TVMWD will serve as the contract administrator for this effort and be the point of contact for the selected consultant. Agencies will work through TVMWD with the selected consultant and provide the necessary information to meet the requirements set forth by the Department of Water Resources (DWR). Agencies will review draft documents and provide feedback as needed and meet all deadlines as set by TVMWD to meet DWR deadlines for submittal of the RUWMP. TVMWD will submit the final RUWMP to DWR on behalf of the member agencies.
The report will include a customizable demand forecasting model that includes three scenarios—Baseline, Conservation, and Climate Impact. This flexibility provides a more accurate and adaptive understanding of future water needs. The report will also include GIS-based data visualization, with a strong focus on climate change adaptation and drought resilience for long-term water supply sustainability. The coordination across all participating agencies will ensure a consistent and unified approach to regional water planning. This collaboration will help maintain alignment with regional and state regulations, including the DWR guidelines.
The total estimated cost for the RUWMP is $425,016. TVMWD will initially cover the project costs and seek reimbursement from participating agencies on a regular basis. The estimated cost share for the City of Glendora will be $35,000.
Urban Water Use Objective
The FY 23/24 Urban Water Use Objective (UWUO) target reduction was 20.3%. For FY 24/25 there was an overall increase in water use of +16.59%. The reduction target is also subject to change based on available data. Staff has found discrepancies in the data used to calculate the UWUO. For example, service areas maps for City of Glendora Water are inconsistent across multiple agencies. This kind of data must be validated first to determine a more accurate UWUO reduction target for the City of Glendora.
Water Use Efficiency Dashboard Project
As part of the City of Glendora’s 2020 Urban Water Management Plan (UWMP), the City adopted its Water Shortage Contingency Plan (WSCP), a critical tool in managing water demand during periods of shortage. The WSCP is designed to help the City manage supply reliability by proactively reducing water demand based on the severity of the shortage. Currently, the City is at Level 3, which activates enhanced efforts to promote on-going Water Use Efficiency (WUE) programs and water saving tools.
On October 13, 2023, the Governor signed AB1572 into law, a state-wide ban on irrigation of Non-Functional Turf (NFT) with potable water on Commercial, Industrial, and Institutional (CII) properties. NFT is defined as any turf that is not functional. Functional turf is defined as turf located in a recreational use area or community gathering space. The ban excludes cemeteries and multi-family housing. It includes Homeowner Associations (HOAs) and common interest developments. Exceptions can be made for tree health. By January 1, 2028, all CII properties must adhere to the ban. By January 1, 2029, all HOAs must adhere to the ban.
On July 3, 2024, the California State Water Resources Control Board adopted the “Making Conservation a California Way of Life” regulation, as mandated by the 2018 legislation bills SB 606 and AB 1668. The regulation is intended to cultivate long-term water conservation practices that will help address California’s limited water supplies. The regulation changes the reduction requirements from the 2020 baseline and sets new, permanent water use budgets for California’s 400+ largest urban water retail suppliers, including the City of Glendora. The regulation requires that the water suppliers meet their Urban Water Use Objective (UWUO). In addition, the regulations require verification of our service area’s CII landscape measurements by 2028. Alternative data requests that modify the overall objective may be submitted for residential properties as well.
The Project was originally started when regional-level turf data was provided to TVMWD by the Metropolitan Water District of Southern California (MWD). However, parcel-level resolution was not available. Subsequently, the California Department of Water Resources (DWR) developed statewide CII land use classification data through a contract with Eagle Aerial and NV5, but data gaps were identified within the TVMWD service area. To address these gaps and advance the WUE Dashboard Project, TVMWD staff solicited proposals for completing the land use classifications and developing custom dashboards.
TVMWD selected Eagle Aerial and NV5 to provide the aerial imagery analysis and land use classification for all commercial, industrial, and institutional (CII) parcels within City of Glendora’s TVMWD service area. In addition, residential aerial imagery analysis and land use classification will also be provided. This data will also be provided in a format that is compatible with our current GIS system. These data sets will assist in our data validation process and UWUO reporting requirements. The proposed process and methodology to be utilized in this project mirror exactly the products developed for the California Department of Water Resources (DWR) CII Landscape Area Measurements Land Use Cover Dataset Program and therefore meets the regulatory requirements under section 968 of “Alternative Data,” A supplier may, for each reporting year, use an alternative data source for reference if it demonstrates to DWR, in coordination with the State Water Board, that the data are equivalent, or superior, in quality and accuracy to the data provided by the DWR.
TVMWD has selected California Data Collaborative to perform the regional landscape analysis and build the water use efficiency dashboard. The California Data Collaborative is a non-profit network of data scientists. This analysis will assist in identifying non-functional turf areas on CII properties and water use efficiency opportunities throughout our service area.
Cost-share agreements for the project will include the City La Verne and TVMWD. The grant award and member agency contributions will offset most of the project costs. This agreement will support the City in obtaining detailed landscape data, enabling data-driven water management decisions, and supporting regional water use efficiency goals.
FISCAL IMPACT
Sufficient appropriations are available in the Fiscal Year 2025-2027 Adopted Two-Year Budget in the Water Conservation Division, 50170620-66010, in the amount of $70,224 for the TVMWD WUE Dashboard.
ENVIRONMENTAL DETERMINATION
This activity is not a “project” as defined by Section 21065 of the Public Resources Code or sections 15060(c)(2), 15060(c)(3), and 15378 of the CEQA Guidelines.
Prepared By: Russell Ackerman, Senior Management Analyst Concurs With: Not Applicable
Reviewed By: William Wittkopf, Public Works Director
Certified to Availability of
Funds: Kyle Johnson, Finance Director / City Treasurer
Approved By: Adam Raymond, City Manager
Legal Review: Danny Aleshire, City Attorney
CEQA Review: Not Applicable
Attachments
A. Regional UWMP MOU.pdf
B. WUE Dashboard MOU.pdf
C. Eagle Aerial-NV5 PSA.pdf
D. Ca Data Collaborative PSA.pdf
E. Water Conservation Presentation.pdf
MEMORANDUM OF UNDERSTANDING
FOR THE 2025 REGIONAL
URBAN WATER MANAGEMENT PLAN