Glendora City Council
April 28, 2026

David Fredendall, Mayor, District 2
Karen Davis, Mayor Pro Tem, District 4
Michael Allawos, Councilmember, District 1
Shaunna Elias, Councilmember, District 3
Mendell Thompson, Councilmember, District 5

CITY COUNCIL, SUCCESSOR AGENCY AND HOUSING AUTHORITY
7:00 PM GENERAL SESSION
Tuesday, April 28, 2026
City Hall Council Chamber
116 E. Foothill Boulevard, Glendora
AGENDA

CALL TO ORDER

ROLL CALL

INVOCATION AND PLEDGE OF ALLEGIANCE
In permitting a nonsectarian invocation, the City does not intend to proselytize, advance, or disparage any faith or belief. Neither the City nor the City Council endorses any particular belief or form of invocation.

HIGH SCHOOL STUDENT REPORTS

1. High School Student Reports

REORDERING OF AND ADDITIONS TO THE AGENDA

PUBLIC COMMENT
The City of Glendora encourages community participation at its public meetings. Speakers are limited to three minutes, and time may not be shared or transferred. A total of 30 minutes is reserved for public comment, which may be extended by majority vote of the legislative body. At regular meetings, comments may address both agenda and non-agenda items during the Public Comment portion, with additional opportunities to speak provided during Public Hearings. At special meetings, public comment is limited to agenda items. Residents may participate in person or submit comments by email, phone, mail, or other available methods. Participation options may be adjusted if a State of Emergency, Health Order, or Executive Order limits in-person attendance. For more information, see the Guide to Public Meetings and Participating in Public Meetings on the City’s website at www.cityofglendora.gov/citymeetings.

2. Public Comments Received

MEMBER STATEMENTS/REPORTS

CITY MANAGER AND CITY ATTORNEY STATEMENTS

SPECIAL ITEMS

3. A Proclamation on Recycling and Organics Separation in Honor of Earth Day 2026

4. A Proclamation Proclaiming May 3-9, 2026 as Correctional Officers Week

5. A Proclamation Proclaiming May 3-9, 2026 as Municipal Clerk's Week

PUBLIC HEARINGS
Public hearings shall conform to the protocol established to conduct of public meetings, proceedings, and business in the City of Glendora. Following presentation of the staff report, the applicant/appellant will be allowed ten (10) minutes in which to make a presentation. Following the presentation of the applicant/appellant public testimony share be called, each speaker is limited to three (3) minutes, speaking once. The Presiding Officer may permit a five (5) minute rebuttal/summation by a representative of applicant/appellant. The public hearing will then be closed, and no member of the public shall be allowed to speak further unless, upon motion, and the public hearing is reopened by the governing body. Any person desiring to provide testimony during a Public Hearing item shall make his/her presence known to the Presiding officer. Speakers are entitled to submit written or other graphic evidence. All such evidence presented shall be retained by the City Clerk as part of the Clerk’s record.

PLEASE NOTE: If you challenge any of the proposed action(s) in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the City Council at, or prior to, the public hearing.

6. Conduct a Public Meeting and Public Hearing to Receive Testimony and Consider a Resolution to Levy and Collect Assessments for the Glendora Village Business Improvement District for Fiscal Year 2026- 2027
Recommended Actions for the City Council:
— 1. Conduct a Public Hearing for the proposed levy and collection of assessments from the Glendora Village Business Improvement District; and
— 2. Adopt a City Council Resolution entitled, “A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GLENDORA, ADOPTING THE LEVY AND COLLECTION OF ASSESSMENTS FOR THE FISCAL YEAR 2026-2027 FOR THE GLENDORA VILLAGE BUSINESS IMPROVEMENT DISTRICT AS PERMITTED BY THE PARKING AND BUSINESS IMPROVEMENT AREA LAW OF 1989 (CALIFORNIA STREETS AND HIGHWAY CODE SECTION 36500 ET SEQ.)," in the absence of a majority protest.

CONSENT CALENDAR
Items on the Consent Calendar will be enacted by one motion without individual discussion. There will be no separate discussion of these items unless a member of the governing body requests specific item(s) be removed from the Consent Calendar for separate action. Items removed from the Consent Calendar will be considered after the Consent Calendar is approved. Anyone wishing to address a Consent Calendar item should do so during the Public Comment Period.

7. Affirm the April 14, 2026 Special Meeting Minutes
Recommended Action for the City Council:
— 1. Affirm the minutes as presented.

8. City of Glendora and Glendora Successor Agency Investment Report for March 2026 Recommended Action for the City Council and Successor Agency:
— 1. Receive and file the Monthly Investment Activity Report for March 2026.

9. Consider Amendment No. 3 with Lance Soll & Lunghard LLP for Financial Accounting and Consulting Services
Recommended Action for the City Council:
— 1. Approve Amendment No. 3 with Lance Soll & Lunghard LLP for Financial Accounting and Consulting Services to increase the total contract amount from $350,000 to $570,000 and extend the Term.

10. Annual Presentation on Military Equipment Policy and Use Report (AB 481) Recommended Action for the City Council:
— 1. Receive and file the report.

11. Resolution Authorizing Investment of Monies in the Local Agency Investment Fund (LAIF) and Designating Authorized Officers
Recommended Action for the City Council:
— 1. Adopt a City Council Resolution entitled, "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GLENDORA AUTHORIZING AND ADOPTING THE INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND (LAIF) AND DESIGNATING AUTHORIZED OFFICERS."

UNFINISHED BUSINESS

12. Workshop Framework and One-Time Funding Direction
Recommended Actions for the City Council:
— 1. Provide direction on the make-up, focus, structure, and timing of the three workshops in the series; — 2. Receive a presentation on available one-time funding, including total dollar amounts by category and budget cycle;
— 3. Provide direction on the priorities for the use of one-time funds, including but not limited to: current city facility upgrades and maintenance, streets and roads, and larger capital projects such as the Library and Corporate Yard; and
— 4. Provide any other direction to staff as deemed appropriate.

MEMBER/STAFF CLOSING COMMENTS

ADJOURNMENT
Date Posted: April 24, 2026 03:51 pm

STAFF REPORT
TO: Mayor and Council Members DATE: April 28, 2026
FROM: Community Development DISTRICT(S): 3
SUBJECT: Conduct a Public Meeting and Public Hearing to Receive Testimony and Consider a Resolution to Levy and Collect Assessments for the Glendora Village Business Improvement District for Fiscal Year 2026-2027

RECOMMENDATION
That the City Council:

1. Conduct a Public Hearing for the proposed levy and collection of assessments from the Glendora Village Business Improvement District; and

2. Adopt a City Council Resolution entitled, “A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GLENDORA, ADOPTING THE LEVY AND COLLECTION OF ASSESSMENTS FOR THE FISCAL YEAR 2026-2027 FOR THE GLENDORA VILLAGE BUSINESS IMPROVEMENT DISTRICT AS PERMITTED BY THE PARKING AND BUSINESS IMPROVEMENT AREA LAW OF 1989 (CALIFORNIA STREETS AND HIGHWAY CODE SECTION 36500 ET SEQ.), in the absence of a majority protest.

STRATEGIC FOCUS AREAS
Not Applicable

EXECUTIVE SUMMARY
Each year assessments in the Business Improvement District (BID) must be renewed through a process that consists of several steps, including the preparation of an Annual Report. The Annual Report includes information on the BID boundaries, assessment methodology, planned activities, and budget. Upon approval of the Annual Report, the City Council adopts a Resolution of Intent to Levy and Collect Assessments. Thereafter, several steps are taken to ensure that affected BID businesses and members of the public are aware of the process. A Public Hearing is held to allow the City Council to receive testimony from members of the BID and the public. During the Public Hearing, any protest votes received from affected BID businesses are tabulated. In the absence of a majority protest, the City Council may adopt a Resolution approving the Levy and Collection of Assessments for the upcoming year.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The Glendora BID was established as provided by the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code Section 36500 et seq.).

On March 24, 2026, the City Council approved the FY 2026-27 Annual Report and adopted a Resolution of Intent to Levy and Collect BID Assessments.

DISCUSSION
The Glendora Village is an important business district and community gathering place that serves the community with numerous events throughout the year and a variety of shopping, dining, and service establishments. The Glendora Village has also been recognized for fourteen consecutive years as the Best Downtown in the San Gabriel Valley by the San Gabriel Valley News Group’s Readers’ Choice Awards. The assessments collected and activities undertaken by the Business Improvement District contribute to these accomplishments.

Each year, assessments in the Business Improvement District must be renewed through a process that consists of several steps. This includes the preparation of an Annual Report which includes the BID boundaries, assessment methodology, planned activities, and budget. Upon approval of the Annual Report, the City Council adopts a Resolution of Intent to Levy and Collect Assessments. Thereafter, a Public Hearing is held to ensure that affected BID businesses and members of the public are aware of the process.

The Public Hearing is the final step of the process and provides an opportunity to receive public testimony regarding the proposed assessments. At the conclusion of the Public Hearing, the City Council shall tabulate any written or verbal protests of the proposed assessments. If the assessments of those businesses submitting a protest to the proposed FY 2026-27 assessments are 50% or greater of the total proposed assessments, then the Resolution to Levy and Collect Assessments shall not be approved for the upcoming year. In the absence of a majority protest vote, the City Council may adopt a Resolution approving the Levy and Collection of Assessments in FY 2026-27.

FISCAL IMPACT
The proposed budget for Fiscal Year 2026–2027 is balanced, with total projected revenues of $126,500 and anticipated expenditures of $126,500. The Business Improvement District (BID) is funded through assessments and BID-generated revenues and does not impact the City’s General Fund.

ENVIRONMENTAL DETERMINATION
There are no CEQA impacts associated with the recommendations in this report.

Prepared By: Shantelle Coria, Management Analyst
Concurs With: Not Applicable
Reviewed By: Jeff Kugel, Community Development Director Certified to Availability of Funds: Kyle Johnson, Finance Director Approved By: Adam Raymond, City Manager
Legal Review: Danny Aleshire, City Attorney
CEQA Review: Not Applicable
Attachments
A_Public_Notice.pdf
B_Draft_Resolution_to_Levy_and_Collect_Assessments_for_FY_26-27.pdf C_Power_Point.pdf

GLENDORA CITY COUNCIL

JOINT NOTICE
OF

PUBLIC MEETING AND PUBLIC HEARING
Notice is hereby given that the Glendora City Council has adopted a Resolution announcing intentions to levy and collect assessments for the 2026-27 Fiscal Year for the Glendora Village Business Improvement District as permitted by the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code Section 36500 et seq.) A public meeting and public hearing shall be held to receive public testimony regarding the proposed assessments of businesses in the area. The public meeting and public hearing shall be held in the City Council Chamber at 116 East Foothill Boulevard, Glendora, California 91741.

Public Meeting Date: April 28, 2026, at 7:00 p.m.

Environmental: 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.

Contact Person: Shantelle Coria, Management Analyst, (626) 852-5252.

If you challenge the nature of the proposed action in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the public entity conducting the hearing at, or prior to, the public hearing.

Kathleen R. Sessman
City Clerk/Communications Director, City of Glendora
Published in San Gabriel Valley Examiner: April 9, 2026 and April 16, 2026.

RESOLUTION CC 2026-____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GLENDORA

ADOPTING THE LEVY AND COLLECTION OF ASSESSMENTS FOR
THE FISCAL YEAR 2026-2027 FOR THE GLENDORA VILLAGE

BUSINESS IMPROVEMENT DISTRICT AS PERMITTED BY THE
PARKING AND BUSINESS IMPROVEMENT AREA LAW OF 1989
(CALIFORNIA STREETS AND HIGHWAY CODE SECTIONS 36500 ET
SEQ.)

THE CITY COUNCIL
City of Glendora, California
WHEREAS, the City Council has previously established the Glendora Village Business Improvement District (“District”) as provided by the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code §§ 36500 et seq.); and,
WHEREAS, the Glendora Village Business Improvement District Board of Directors and the City Council of the City of Glendora (“City”) have determined that the District benefits the area within the defined and previously established District (as shown on Exhibit “A” attached hereto, the “Area”) by generating revenue for businesses within the Area to improve the physical and financial health of the Glendora Village, which serves as a business, social and cultural center of the City of Glendora, and thereby enhances the City’s community at large; and,
WHEREAS, following adoption, mailing, and publication of a Resolution of Intent to Levy and Collect Assessments, the City Council held a duly noticed public hearing on April 28, 2026, to allow public testimony regarding the Fiscal Year 2026-2027 proposed work plan and assessments of businesses within the Area, and heard and considered all valid protests against the levy of assessments or the furnishing of specified types of improvements or activities within the Area; and,
WHEREAS, the written protests received from the owners of businesses in the Area totaled less than 50 percent of the assessments.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. Pursuant to the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code §§ 36500 et seq.), the City Council hereby declares its intention to continue, as presently constituted, the Glendora Village Business Improvement District and levy and collect assessments within the District for the purpose of marketing and promoting activities which will benefit the businesses located and operating within the Area of the District for the Fiscal Year 2026-2027.

SECTION 2. The territorial boundaries in the Area of the District are identified in the Area map attached hereto as Exhibit “A” and incorporated herein by this reference, which generally includes all businesses that abut Foothill Boulevard (north & south), east side of Vermont Avenue, south side of Bennett Avenue and the west side of Vista Bonita Avenue, and more specifically described as: beginning at the intersection of the centerline Resolution CC 2026- Page 2 of 6
of Bennett Avenue (80 feet wide) and the centerline of Vermont Avenue (60 feet wide); then easterly along the centerline of said Bennett Avenue to the centerline of Vista Bonita Avenue (60 feet wide); thence southerly along the centerline of said Vista Bonita Avenue to the centerline of Foothill Boulevard (80 feet wide); thence westerly along the centerline of said Foothill Boulevard to the centerline of Glendora Avenue; thence westerly 219.88 feet; thence southerly 119.90 feet; thence westerly to the centerline of said Vermont Avenue; thence northerly along the centerline of said Vermont Avenue ending at the centerline of said Bennett Avenue. The Area map identifying the Area is also on file in the office of the City Clerk of the City.

SECTION 3. The type or types of improvements and activities proposed to be funded by the levy of assessments on businesses in the Area include all “Improvements” and “Activities” as the same are permitted under the Streets and Highway Code §§ 36510 & 36513; specifically: (a) “Improvement” means the acquisition, construction, installation, or maintenance of any tangible property with an estimated useful life of five years or more including, but not limited to parking facilities, benches, trash receptacles, street lighting, decorations, parks, and fountains; and (b) “Activities” means, but is not limited to, promotion of public events which benefit businesses in the area and which take place on or in public places within the area, furnishing of music in any public place in the area, promotion of tourism within the area and activities which benefit businesses located and operating in the area. Except where funds are otherwise available, an assessment will be levied annually to pay for all improvements and activities within the Area.

SECTION 4. The City Council of the City hereby approves and authorizes the levy and collection of the assessment. The method and basis of levying the annual assessment for each business in the Area for the fiscal year 2026-2027 is set forth in Exhibit “B,” attached hereto and incorporated herein. The formula consists of several elements in order to determine the total assessment a business would pay, based on the type of business, whether the business is retail/food service or other service, and the physical location of the business.

SECTION 5. The report approved by the Glendora Village Business Improvement District Board of Directors for the fiscal year 2026-2027 is on file in the City Clerk’s office and contains a full and detailed description of the planned improvements and activities, the boundaries of the Area, and the recommended assessments to be levied upon the businesses within the Area for the fiscal year 2026-2027.

SECTION 6. All businesses located within the boundaries of the Area shall pay their annual assessment subject to assessment methodology when they obtain, renew or change their business license with the City of Glendora as provided in Exhibits “B” and “C” attached hereto.

SECTION 7. The City Council shall not exempt a business recently established in the Area from the levy of the assessments as allowed in the Streets & Highway Code § 36531.

SECTION 8. The Mayor of the City shall sign this Resolution and the same shall take effect upon adoption of this Resolution and shall be enforced in accordance with the terms and conditions thereof.

Resolution CC 2026- Page 3 of 6
SECTION 9. The City Clerk shall certify the passage and adoption of this Resolution and shall enter the same in the Book of Original Resolutions.

SECTION 10.The City Clerk is hereby directed to forward a copy of this Resolution to the Economic Development and Housing Manager.

PASSED, APPROVED AND ADOPTED by the City Council of the City of Glendora this ___ day of ______, _____.

BY:

DAVID FREDENDALL
Mayor
APPROVED AS TO FORM:

Aleshire & Wynder, LLP

DANNY ALESHIRE
City Attorney

CERTIFICATION
I, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Glendora at a regular meeting held on the ____ day of _____, ______, by the following vote:

AYES: MEMBERS:

NOES: MEMBERS:

ABSENT: MEMBERS:

ABSTAIN: MEMBERS:

Dated:

KATHLEEN R. SESSMAN
City Clerk/Communications Director
Resolution CC 2026- Page 4 of 6
EXHIBIT A – BID BOUNDARY MAP
Resolution CC 2026- Page 5 of 6
EXHIBIT B – ASSESSMENT METHODOLOGY
Primary Businesses

1. Each “Primary Business” shall be assessed $200 per year. A “Primary Business” is the principal business at a particular address or location.

2. A “Primary Business” shall be subject to additional assessments based on the following factors:
a. “Business Category”
i. Retail and food services classified as a category 210 business pursuant to the City’s business license regulations shall be assessed $200 per year.
ii. All other business categories shall be assessed $100 per year. b. “Business Location”
i. (Tier 1) Businesses with a first floor entrance or storefront, and located with an address on Glendora Avenue shall be assessed $200 per year.
ii. (Tier 2)

1. Businesses with a first floor entrance or storefront, and located with an address on Foothill Boulevard shall be
assessed $100 per year.

2. Businesses with a Glendora Avenue address, but
without a direct entry or storefront fronting on Glendora Avenue (e.g. fronting on the Plaza) shall be assessed
$100 per year.
iii. (Tier 3) Businesses with a second floor location shall have their “Primary Business” assessment reduced by $100.
iv. (Tier 4) Commercial property owners subject to the business license tax, and without a physical office location in the BID, shall not be assessed a Business Location component as part of their annual assessment.

Secondary Businesses

1. Each “Secondary Business” at a particular address or location shall be assessed $100 per year. A “Secondary Business” is a business that, operates at the same location, but is subordinate to a “Primary Business.” $0 Assessment Businesses

1. The following businesses shall pay $0 in BID assessments a. Independent Contractors including individuals working under contract for a Primary or Secondary Business, who is required to have a business license. Examples include hair salon stylists and real estate agents.
b. Businesses and apartment buildings identified in the attached map.

Resolution CC 2026- Page 6 of 6
EXHIBIT C – GLENDORA BUSINESS IMPROVEMENT DISTRICT

EXEMPT ASSESSMENT LOCATION MAP

CONDUCT A PUBLIC MEETING AND PUBLIC HEARING TO RECEIVE TESTIMONY AND

CONSIDER A RESOLUTION TO LEVY AND COLLECT ASSESSMENTS FOR THE GLENDORA VILLAGE BUSINESS IMPROVEMENT DISTRICT FOR FISCAL YEAR 2026-2027

COMMUNITY DEVELOPMENT

CITY COUNCIL MEETING
APRIL 28, 2026

SHANTELLE CORIA, MANAGEMENT ANALYST

BUSINESS IMPROVEMENT DISTRICT

BID PROCESS
February 5, 2026 BID Board approved FY 2026 -2027 BID budget March 5, 2026 BID Board approved Annual Report
March 24, 2026 City Council adopted the Resolution of Intent to Levy Assessments March 25, 2026 Letters were mailed to affected businesses April 28, 2026 City Council Public Hearing and tabulation of protest votes

RECOMMENDATIONS

1. Conduct Public Hearing for the proposed levy and collection of assessments from the Glendora Village Business Improvement District; and

2. Adopt a Resolution entitled, “A RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF GLENDORA, CALIFORNIA, APPROVING THE LEVY AND

COLLECTION OF ASSESSMENTS FROM THE GLENDORA VILLAGE BUSINESS IMPROVEMENT DISTRICT FOR FISCAL YEAR 2026-2027 AS PERMITTED BY THE PARKING AND BUSINESS IMPROVEMENT AREA LAW OF 1989
(CALIFORNIA STREETS AND HIGHWAY CODE SECTION 36500 ET SEQ.), in the absence of a majority protest.

STAFF REPORT
TO: Mayor and Council Members DATE: April 28, 2026
FROM: City Clerk DISTRICT(S): Not Applicable
SUBJECT: Affirm the April 14, 2026 Special Meeting Minutes

RECOMMENDATION
That the City Council:

1. Affirm minutes as presented.

STRATEGIC FOCUS AREAS
Not Applicable.

EXECUTIVE SUMMARY
This staff report requests affirmation of the minutes from the previous meeting. The minutes have been prepared and reviewed in accordance with City procedures and transparency requirements. Affirming these minutes ensures the accuracy and integrity of the official record. Staff recommends approval to maintain proper documentation and compliance with meeting protocols.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Not Applicable.

DISCUSSION
Pursuant to the City's standard practices and the Brown Act, meeting action minutes are reviewed and affirmed by the legislative body to ensure transparency and accuracy in government proceedings. The action minutes for the April 14, 2026 meeting was compiled based on staff notes and official recordings. No requests for revisions or amendments have been received to date.

By affirming minutes, the legislative body acknowledge their accuracy and preserve them as an official record of the meeting. If any corrections or amendments are desired, they can be addressed before final affirmation.

FISCAL IMPACT
There is no fiscal impact associated with this action.

ENVIRONMENTAL DETERMINATION
There are no environmental impacts associated with this action.

Prepared By: Roxanne Breceda, Deputy City Clerk / Records Manager Concurs With: Not Applicable
Reviewed By: Kathleen Sessman, MMC, City Clerk/Communications Director Certified to Availability of Funds: Not Applicable
Approved By: Kathleen Sessman, MMC, City Clerk/Communications Director Legal Review: Not Applicable
CEQA Review: Not Applicable
Attachments
A_April_14_2026_Sp_CC_Meeting_Minutes.pdf
City of Glendora Minutes
Special Meeting
Tuesday, April 14, 2026
City Hall Council Chamber
116 E. Foothill Boulevard
Virtually via Zoom ID# 9329247224

CALL TO ORDER
The City Council meeting was called to order at 5:30 PM by Mayor Fredendall.

ROLL CALL
Members Present: Michael Allawos, Shaunna Elias, Mendell L. Thompson, Mayor Pro Tem Karen Davis, Mayor David Fredendall
Members Absent: None
Staff Present: City Manager Adam Raymond, Assistant Public Works Director Paul Zampiello, City Clerk/Communications Director Kathleen Sessman, Digital Media Specialist Craig Gill, Senior Digital Media Specialist Greg Morton, and Deputy City Clerk/Records Manager Roxanne Breceda

MEMBER AGENDA ITEMS

1. Conduct Interviews and Appoint an Applicant to Fill the Unscheduled Vacancy on the City Council Appointed Water Commission, Office No. 3, with a term expiring on June 30, 2029
No members of the public requested to speak, and no written correspondence was received.

The City Council conducted interviews with the applicants. During the interview process, Mayor Fredendall announced that applicant Emily Hernandez was unable to attend due to a family emergency.

Following interviews, the following nominations were made: Ballot 1 Water Commission Vote for One (1)
Allawos Elias Thompson Davis Fredendall Results
Farrar, Eric 0
Hardjadinata, Nadia 1 1 1 1 4
Hernandez, Emily 0
Lambertson, Thom 1 1
Sullivan, James 0
Total Ballots 5
A majority vote of the City Council was received, and Nadia Hardjadinata was appointed to fill the unscheduled vacancy on the Water Commission, Office No. 3, for a term expiring June 30, 2029.

ADJOURNMENT
Meeting was adjourned at 6:26 PM.

City of Glendora Minutes April 14, 2026 Page 2 of 2
Special Meeting City Council
Kathleen R. Sessman, MMC
City Clerk/Communication Director
Minutes were approved on __________.

STAFF REPORT
TO: Mayor and Council Members DATE: April 28, 2026
FROM: Finance DISTRICT(S): Citywide
SUBJECT: City of Glendora and Glendora Successor Agency Investment Report for March 2026

RECOMMENDATION
That the City Council and Successor Agency:

1. Receive and file the Monthly Investment Activity Report for March 2026.

STRATEGIC FOCUS AREAS
Not Applicable.

EXECUTIVE SUMMARY
The City’s total book value of cash and investments as of March 31, 2026, was $127,424,591, representing an increase of $1,649,828 (1.31%) compared to the prior month. This increase is primarily attributable to the receipt of sales & use tax revenues totaling $1,851,415.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Pursuant to Section 19 of the City’s 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
In accordance with the City’s FY 2025-26 Investment Policy, the attached investment reports provide detailed information on the City’s investment portfolio as of the end of the reporting period. The report includes a listing of individual securities by authorized investment category, average life and final maturity, coupon or earnings rate, par value, market value, and book value. The report also includes investments managed on behalf of the City by thirdparty investment managers.

During the month of March, the City completed fifteen investment purchases, consisting of Federal Agency Securities, US Treasury Notes and Medium-Term Corporate Notes, totaling $7,462,836. Additionally, twelve securities matured totaling $6,705,000, resulting in no realized gains or losses for the month.

FISCAL IMPACT
There is no fiscal impact associated with the recommended action.

ENVIRONMENTAL DETERMINATION
Not Applicable
Prepared By: George Perez-Sosa, Accounting Technician
Concurs With: Not Applicable
Reviewed By: George Perez-Sosa, Accounting Technician
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_March_2026_Investment_Report.pdf

Financial Advisor

CHEN/GIORDANO/CRAWFORD
213-972-1457
UBS Client Review
As of March 31, 2026
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Important Information About This Report. . . . . . . . 33

Consolidated report prepared for City of Glendora
Asset Allocation Reviewas of March 31, 2026
Summary of Asset Allocation
Market
value ($)
% of
Portfolio
Cash 46,015,318.61 35.98
Cash 46,015,318.61 35.98 US 46,015,318.61 35.98
Fixed Income 81,890,355.85 64.02
US 81,890,355.85 64.02 US Fixed Income 14,878,812.18 11.63 Government 46,572,446.69 36.41 Corporate IG Credit 20,439,096.97 15.98 Equity 0.00 0.00Commodities 0.00 0.00Non-Traditional 0.00 0.00Other 0.00 0.00Total Portfolio $127,905,674.46 100%Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category Cash 35.98%US Fixed Income 64.02%
Total Value: $127,905,674.46
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: April 01, 2026 Page 2 of 39 Consolidated report prepared for City of Glendora
Sources of Portfolio Valueas of March 31, 2026
Market Value Net amount you invested (net of fees)
02/22 12/22 12/23 12/24 03/26
5075
100125150
$ Millions
MTD
02/28/2026 to
03/31/2026
QTD
12/31/2025 to
03/31/2026
ITD
02/23/2022 to
03/31/2026
YTD
12/31/2025 to
03/31/2026
Opening value 104,493,301.83 100,060,599.72 100,060,599.72 40,589,214.16Net deposits/withdrawals 0.00 3,701,454.66 3,701,454.66 52,874,543.45Div./interest income 220,196.73 601,882.19 601,882.19 8,377,100.03Change in accr. interest 53,873.35 182,888.41 182,888.41 533,083.76Change in value -500,658.22 -280,111.29 -280,111.29 1,892,772.28Closing value 104,266,713.69 104,266,713.69 104,266,713.69 104,266,713.69Net Time-weighted ROR -0.22 0.49 0.49 2.36Performance returns are annualized after 1 year. Net deposits and withdrawals include program and account fees.Benchmarks - Annualized time-weighted returnsUS Treasury Bill - 3 Mos 0.30 0.88 0.88 4.17BofA Corp/Gov 1-5Y -0.79 0.17 0.17 2.69BBG Agg Bond -1.76 -0.05 -0.05 0.97Past performance does not guarantee future results and current performance may be lower/higher than past data presented.Report created on: April 01, 2026 Page 3 of 39 Consolidated report prepared for City of Glendora
Bond Summaryas of March 31, 2026Bond OverviewTotal quantity 82,161,000Total market value $81,290,004.59Total accrued interest $600,351.26Total market value plus accrued interest $81,890,355.85Total estimated annual bond interest $2,534,655.75Average yield to maturityAverage coupon 3.09%

4.10%3.12%4.09%
Average current yieldAverage yield to worstAverage modified duration 2.42Average effective maturity 2.45 Investment Type AllocationInvestment type Taxable ($) Total ($) Tax-exempt /
deferred ($)
% of
bond
port.

Certificates of deposit 14,878,812.18 0.00 14,878,812.18 18.17U.S. corporates 20,439,096.97 0.00 20,439,096.97 24.96U.S. federal agencies 32,996,968.07 0.00 32,996,968.07 40.29U.S. treasuries 13,575,478.62 0.00 13,575,478.62 16.58Total $81,890,355.84 $0.00 $81,890,355.84 100% Credit Quality of Bond HoldingsA Aaa/AAA/AAA 1 2,002,797.78 2.46B Aa/AA/AA 40 47,527,257.21 57.99C A/A/A 17 14,494,132.85 17.69D Baa/BBB/BBB 0 0.00 0.00E Non-investment grade 0 0.00 0.00F Certificate of deposit 61 14,878,812.18 18.21G Not rated 4 2,987,355.83 3.65Total 123 $81,890,355.85 100%Effective credit rating % of
port.

Value on
Issues 03/31/2026 ($)
Bond Maturity Schedule
Effective maturity schedule
2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2037 + Other 05 10152025

21.9%

14.6% 14.7%

24.6%

18.2%

5.7%

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: April 01, 2026 Page 4 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026Summary of Portfolio Holdings Unrealized
Cost basis ($) gain/loss (%)
Est. annual
income ($)
Unrealized
gain/loss ($)
Value on
03/31/2026 ($)
Current
yield (%)
% of
portfolio
A Cash 46,015,319 46,015,319 0 0.00% 781,602 1.70% 35.98% Cash 46,015,319 46,015,319 0 0.00% 781,602 1.70% 35.98% US 46,015,319 46,015,319 0 0.00% 781,602 1.70% 35.98%
B Fixed Income 81,409,272 81,890,356 481,084 0.59% 2,534,656 3.10% 64.02% US 81,409,272 81,890,356 481,084 0.59% 2,534,656 3.10% 64.02% US Fixed Income 14,857,537 14,878,812 21,275 0.14% 515,066 3.46% 11.63% Government 46,316,811 46,572,447 255,635 0.55% 1,364,729 2.93% 36.41% Corporate IG Credit 20,234,924 20,439,097 204,173 1.01% 654,860 3.20% 15.98% 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 $127,424,591 $127,905,674 $481,084 0.38% $3,316,257 2.59% 100% Balanced mutual funds and Insurance & Annuity products are allocated in the 'Other' category B
A
(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: April 01, 2026 Page 5 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (continued)
Details of Portfolio Holdings
% of
asset
class
Est. annual
Cost basis ($) income ($)
Unrealized
gain/loss
(%)
Unrealized
Market value ($) gain/loss ($)
Current
yield (%)
Total Portfolio $127,424,591 $127,905,674 $481,084 0.38% $3,316,257 2.59% 100% 100% % of
portfolio
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) / Cash Avg Price Market value ($)
Price on
03/31/2026
($)
% of
Cash
% of
portfolio
Cash
US
Outside ASSET(1) 1.00 19,026,869.33 19,026,869.33 0.00 0.00% NA NA 41.35% 14.88%[Outside Account @SXXXX279]

1.00 Outside ASSET(1) 1.00 4,612,091.44 4,612,091.44 0.00 0.00% NA NA 10.02% 3.61%[Outside Account @SXXXX283]

1.00 UBS INSURED SWEEP 2,272,133.38 1.00 2,272,133.38 2,272,133.38 0.00 0.00% 2,272.13 0.10% 1.78%PROGRAM

1.00 4.94%
22,077,324.4 1.00 779,329.55
6 UBS SELECT TREASURY 22,077,324.46 22,077,324.46 0.00 0.00% 3.53% 17.26%INSTITUTIONAL FUND

1.00 47.98%
USD CASH -1,973,100.00 1.00 1.00 -1,973,100.00 -1,973,100.00 0.00 0.00% NA NA -4.29% -1.54% Total US $46,015,319 $46,015,319 $0 0.00% $781,602 1.70% 100% 35.98% Total Cash $46,015,319 $46,015,319 $0 0.00% $781,602 1.70% 100% 35.98% Total Cash $46,015,319 $46,015,319 $0 0.00% $781,602 1.70% 100% 35.98%(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: April 01, 2026 Page 6 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
ALLY BK UT US RT 245,000.00 100.00 245,000.00 246,908.72 0.00 1,908.72 0.78% 8,697.50 3.52% 0.19%03.5500% MAT 06/30/26FIXED RATE CD

99.89 0.30%
AMER EXPRESS NATL UT US 245,000.00 98.05 240,222.50 242,155.99 0.00 1,933.49 0.80% 8,820.00 3.64% 0.19%RT 03.6000% MAT 09/25/29FIXED RATE CD

98.78 0.30%
ARBOR FINL CREDIT MI US 245,000.00 100.00 245,000.00 245,925.03 0.00 925.03 0.38% 12,250.00 4.98% 0.19%RT 05.0000% MAT 04/03/28FIXED RATE CD

99.99 0.30%
BANK HAPOALIM BM N NY 245,000.00 100.00 245,000.00 245,870.29 0.00 870.29 0.36% 9,065.00 3.69% 0.19%US RT 03.7000% MAT07/30/27 FIXED RATE CD

99.75 0.30%
BANK OF AMERICA NA NC 245,000.00 100.00 245,000.00 245,690.90 0.00 690.90 0.28% 8,942.50 3.64% 0.19%US RT 03.6500% MAT07/30/27 FIXED RATE CD

99.68 0.30%
BMW BK OF NA NA UT US 245,000.00 99.89 244,735.91 247,046.72 0.00 2,310.81 0.94% 8,820.00 3.57% 0.19%RT 03.6000% MAT 10/17/28FIXED RATE CD

99.21 0.30%
BRIGHTSTAR CR UN FL US 245,000.00 100.00 245,000.00 245,307.56 0.00 307.56 0.13% 9,555.00 3.90% 0.19%RT 03.9000% MAT 08/20/27LICU SHARE CERTIFICATE 100.01 0.30%
CAPITAL ONE BK USA VA US 245,000.00 100.00 245,000.00 241,751.64 0.00 -3,248.36 -1.33% 2,817.50 1.17% 0.19%RT 01.1500% MAT 11/24/26FIXED RATE CD

98.27 0.30%
CAPITAL ONE NA VA US RT 245,000.00 100.00 245,000.00 241,751.64 0.00 -3,248.36 -1.33% 2,817.50 1.17% 0.19%01.1500% MAT 11/24/26FIXED RATE CD

98.27 0.30%
CELTIC BK UT US RT 245,000.00 98.17 240,525.91 241,851.75 0.00 1,325.84 0.55% 8,942.50 3.70% 0.19%03.6500% MAT 04/29/30FIXED RATE CD

98.70 0.30%
CENTRAL BK AR US RT 245,000.00 100.00 245,000.00 245,269.70 0.00 269.70 0.11% 10,290.00 4.20% 0.19%04.2000% MAT 08/19/30FIXED RATE CD

99.97 0.30%
CFG BK MD US RT 245,000.00 99.66 244,174.64 243,738.12 0.00 -436.52 -0.18% 8,820.00 3.62% 0.19%03.6000% MAT 06/16/28FIXED RATE CD

99.34 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: April 01, 2026 Page 7 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
CLAXTON BK GA US RT 245,000.00 99.30 243,297.25 242,879.41 0.00 -417.84 -0.17% 8,697.50 3.58% 0.19%03.5500% MAT 09/29/28FIXED RATE CD

99.12 0.30%
COMENITY BANK DE US RT 200,000.00 100.00 200,000.00 199,432.66 0.00 -567.34 -0.28% 7,700.00 3.86% 0.16%03.8500% MAT 09/15/27JUMBO CD - HELD AT UBS

99.42 0.24%
CONNEXUS CREDIT UN WI 245,000.00 100.00 245,000.00 246,107.03 0.00 1,107.03 0.45% 9,800.00 3.98% 0.19%US RT 04.0000% MAT09/03/27 LICU SHARECERTIFICATE 100.15 0.30%
CUSTOMERS BANK PA US 245,000.00 100.00 245,000.00 243,688.14 0.00 -1,311.86 -0.54% 9,432.50 3.87% 0.19%RT 03.8500% MAT 03/29/30FIXED RATE CD

99.45 0.30%
CY-FAIR FED CREDIT TX US 245,000.00 100.00 245,000.00 245,688.08 0.00 688.08 0.28% 12,985.00 5.29% 0.19%RT 05.3000% MAT 07/14/28FIXED RATE CD 100.03 0.30%
DISCOVER BANK DE US RT 245,000.00 100.00 245,000.00 245,836.49 0.00 836.49 0.34% 7,840.00 3.19% 0.19%03.2000% MAT 05/24/27FIXED RATE CD

99.23 0.30%
DIVERSIFIED MEMBER MI US 245,000.00 100.00 245,000.00 245,053.36 0.00 53.36 0.02% 10,535.00 4.30% 0.19%RT 04.3000% MAT 04/28/28FIXED RATE CD 100.01 0.30%
DORT FINL CREDIT U MI US 245,000.00 100.00 245,000.00 245,968.22 0.00 968.22 0.40% 9,065.00 3.69% 0.19%RT 03.7000% MAT 10/10/28LICU SHARE CERTIFICATE

99.49 0.30%
EAGLEMARK SVGS BK NV 245,000.00 100.09 245,210.84 241,182.67 -892.29 -4,028.17 -1.64% 4,900.00 2.03% 0.19%US RT 02.0000% MAT03/02/27 FIXED RATE CD

98.28 0.29%
ESSENTIAL FED CRED LA US 245,000.00 100.00 245,000.00 247,829.82 0.00 2,829.82 1.16% 11,515.00 4.65% 0.19%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE 100.95 0.30%
FARMERS & MERCHANT WI 245,000.00 100.00 245,000.00 245,491.71 0.00 491.71 0.20% 9,432.50 3.84% 0.19%US RT 03.8500% MAT11/08/27 FIXED RATE CD

99.94 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: April 01, 2026 Page 8 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
FIRST FED SVGS BK IN US RT 245,000.00 100.00 245,000.00 245,578.54 0.00 578.54 0.24% 10,290.00 4.19% 0.19%04.2000% MAT 07/11/28FIXED RATE CD 100.01 0.30%
FIRST FEDERAL BANK FL US 245,000.00 99.95 244,877.50 246,382.30 0.00 1,504.80 0.61% 9,187.50 3.73% 0.19%RT 03.7500% MAT 10/17/30FIXED RATE CD

98.87 0.30%
FIRST GTY BK HAMMO LA 219,000.00 100.00 219,000.00 222,810.78 0.00 3,810.78 1.74% 9,526.50 4.28% 0.17%US RT 04.3500% MAT11/06/28 FIXED RATE CD 100.01 0.27%
GOLDMAN SACHS BANK NY 245,000.00 100.00 245,000.00 245,770.44 0.00 770.44 0.31% 9,800.00 3.99% 0.19%US RT 04.0000% MAT03/20/28 FIXED RATE CD 100.17 0.30%
GREENSTATE CREDIT IA US 245,000.00 100.00 245,000.00 244,867.90 0.00 -132.10 -0.05% 2,327.50 0.95% 0.19%RT 00.9500% MAT 04/16/26FIXED RATE CD

99.87 0.30%
GUARANTY BK MO US RT 245,000.00 99.49 243,750.40 244,609.98 0.00 859.58 0.35% 9,310.00 3.81% 0.19%03.8000% MAT 01/12/29FIXED RATE CD

99.64 0.30%
JPMORGAN CHASE BK DE 245,000.00 99.30 243,285.00 244,284.43 0.00 999.43 0.41% 9,065.00 3.71% 0.19%US RT 03.7000% MAT09/30/30 FIXED RATE CD

97.86 0.30%
KEMBA FINL CREDIT OH US 245,000.00 100.00 245,000.00 244,458.52 0.00 -541.48 -0.22% 8,820.00 3.61% 0.19%RT 03.6000% MAT 10/12/27FIXED RATE CD

99.56 0.30%
LAFAYETTE FED CRED MD 245,000.00 100.00 245,000.00 243,496.84 0.00 -1,503.16 -0.61% 7,962.50 3.27% 0.19%US RT 03.2500% MAT06/15/27 LICU SHARECERTIFICATE

99.24 0.30%
LIVE OAK BKG CO NC US RT 245,000.00 100.00 245,000.00 242,407.30 0.00 -2,592.70 -1.06% 1,960.00 0.81% 0.19%00.8000% MAT 08/13/26FIXED RATE CD

98.88 0.30%
MANUFACTURERS & TR NY 245,000.00 100.00 245,000.00 245,017.15 0.00 17.15 0.01% 9,555.00 3.90% 0.19%US RT 03.9000% MAT03/31/28 FIXED RATE CD 100.01 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: April 01, 2026 Page 9 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
MEDALLION BK UT US RT 245,000.00 100.00 245,000.00 242,904.78 0.00 -2,095.22 -0.86% 9,310.00 3.83% 0.19%03.8000% MAT 02/12/31FIXED RATE CD

98.95 0.30%
MERRICK BK UT US RT 245,000.00 100.00 245,000.00 244,867.77 0.00 -132.23 -0.05% 9,432.50 3.85% 0.19%03.8500% MAT 09/20/28FIXED RATE CD

99.83 0.30%
METRO CREDIT UNION MA 245,000.00 100.00 245,000.00 240,697.13 0.00 -4,302.87 -1.76% 4,165.00 1.73% 0.19%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE

98.10 0.29%
MORGAN STANLEY BK UT 245,000.00 100.00 245,000.00 245,645.89 0.00 645.89 0.26% 9,432.50 3.84% 0.19%US RT 03.8500% MAT02/25/28 FIXED RATE CD

99.91 0.30%
MORGAN STANLEY PRI NY 245,000.00 100.00 245,000.00 243,803.73 0.00 -1,196.27 -0.49% 9,800.00 4.02% 0.19%US RT 04.0000% MAT08/29/30 FIXED RATE CD

99.17 0.30%
MUTUALONE BANK MA US 245,000.00 100.00 245,000.00 248,172.48 0.00 3,172.48 1.29% 8,820.00 3.55% 0.19%RT 03.6000% MAT 10/06/27FIXED RATE CD

99.56 0.30%
MY CMNTY CREDIT UN TX 245,000.00 100.00 245,000.00 243,285.00 0.00 -1,715.00 -0.70% 8,942.50 3.68% 0.19%US RT 03.6500% MAT03/19/29 LICU SHARECERTIFICATE

99.18 0.30%
NEW ORLEANS FIREME LA 245,000.00 100.00 245,000.00 251,295.96 0.00 6,295.96 2.57% 12,250.00 4.87% 0.20%US RT 05.0000% MAT07/17/28 FIXED RATE CD 102.38 0.31%
NEW YORK CMNTY BK NY 245,000.00 100.00 245,000.00 243,462.68 0.00 -1,537.32 -0.63% 1,715.00 0.70% 0.19%US RT 00.7000% MAT07/01/26 FIXED RATE CD

99.20 0.30%
OCEANAIR FED CREDI CA 245,000.00 100.00 245,000.00 244,903.07 0.00 -96.93 -0.04% 8,820.00 3.60% 0.19%US RT 03.6000% MAT10/10/30 FIXED RATE CD

98.26 0.30%
OKLAHOMA EDUCATORS 245,000.00 100.00 245,000.00 244,266.14 0.00 -733.86 -0.30% 9,065.00 3.71% 0.19%OK US RT 03.7000% MAT08/14/28 FIXED RATE CD

99.52 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: April 01, 2026 Page 10 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
OPTUM BK UT US RT 245,000.00 100.00 245,000.00 244,186.83 0.00 -813.17 -0.33% 9,065.00 3.71% 0.19%03.7000% MAT 03/23/28FIXED RATE CD

99.59 0.30%
PENTAGON FED CREDI VA 245,000.00 100.00 245,000.00 240,532.54 0.00 -4,467.46 -1.82% 4,165.00 1.73% 0.19%US RT 01.7000% MAT02/18/27 CREDIT UNIONSHARE CERT

98.12 0.29%
REGENT BK OK US RT 245,000.00 100.00 245,000.00 244,364.41 0.00 -635.59 -0.26% 9,677.50 3.96% 0.19%03.9500% MAT 12/22/28FIXED RATE CD

99.65 0.30%
SALLIE MAE BANK UT US RT 245,000.00 99.80 244,510.00 249,134.29 0.00 4,624.29 1.89% 9,922.50 3.98% 0.19%04.0500% MAT 11/21/29FIXED RATE CD 100.25 0.30%
STATE BK IL US RT 245,000.00 100.00 245,000.00 249,447.02 0.00 4,447.02 1.82% 10,045.00 4.03% 0.20%04.1000% MAT 11/26/29FIXED RATE CD 100.41 0.30%
SYNCHRONY BANK UT US 245,000.00 99.60 244,020.42 245,463.92 0.00 1,443.50 0.59% 8,820.00 3.59% 0.19%RT 03.6000% MAT 10/24/30FIXED RATE CD

98.63 0.30%
TAB BANK INC UT US RT 245,000.00 100.00 245,000.00 245,123.91 0.00 123.91 0.05% 9,310.00 3.80% 0.19%03.8000% MAT 08/13/27FIXED RATE CD

99.88 0.30%
TOYOTA FINL SVG BK NV US 245,000.00 100.00 245,000.00 245,513.33 0.00 513.33 0.21% 2,205.00 0.90% 0.19%RT 00.9000% MAT 04/22/26FIXED RATE CD

99.82 0.30%
TRUIST BK NC US RT 245,000.00 100.00 245,000.00 253,229.85 0.00 8,229.85 3.36% 10,902.50 4.31% 0.20%04.4500% MAT 06/27/30FIXED RATE CD

99.98 0.31%
TRUXTON TR CO NASH TN 245,000.00 99.98 244,938.75 244,460.26 0.00 -478.49 -0.20% 10,045.00 4.11% 0.19%US RT 04.1000% MAT02/27/30 FIXED RATE CD

99.75 0.30%
UBS BANK UT US RT 245,000.00 100.00 245,000.00 243,524.93 0.00 -1,475.07 -0.60% 2,082.50 0.86% 0.19%00.8500% MAT 06/16/26FIXED RATE CD

99.36 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: April 01, 2026 Page 11 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
US Fixed Income
USF FED CREDIT UNI FL US 245,000.00 100.00 245,000.00 245,758.39 0.00 758.39 0.31% 9,555.00 3.89% 0.19%RT 03.9000% MAT 05/01/28LICU SHARE CERTIFICATE

99.99 0.30%
VIBRANT CREDIT UNI IL US 245,000.00 100.00 245,000.00 244,179.25 0.00 -820.75 -0.34% 8,942.50 3.66% 0.19%RT 03.6500% MAT 10/27/27LICU SHARE CERTIFICATE

99.63 0.30%
WELLS FARGO BK NA SD US 245,000.00 100.00 244,987.75 246,751.31 0.00 1,763.56 0.72% 10,045.00 4.07% 0.19%RT 04.1000% MAT 02/06/29FIXED RATE CD 100.43 0.30%
WESTERN ALLIANCE B AZ US 245,000.00 100.00 245,000.00 245,690.90 0.00 690.90 0.28% 8,942.50 3.64% 0.19%RT 03.6500% MAT 07/30/27FIXED RATE CD

99.68 0.30%
WORKERS CREDIT UNI MA 245,000.00 100.00 245,000.00 246,036.58 0.00 1,036.58 0.42% 10,045.00 4.08% 0.19%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE 100.32 0.30%
Total US Fixed Income $14,857,537 $14,878,812 -$892.29 $21,275 0.14% $515,066 3.46% 18.17% 11.63%Government FARMER MAC MED TERM 1,000,000.00 99.62 996,167.09 993,637.78 0.00 -2,529.31 -0.25% 38,000.00 3.82% 0.78%NTS 03.800 % DUE 031731DTD 031726 FC 09172026

99.22 1.21%
FARMER MAC MED TERM 1,000,000.00 100.17 1,001,718.38 1,000,830.00 -126.62 -888.38 -0.09% 38,000.00 3.80% 0.78%NTS 03.800 % DUE 122228DTD 122225 FC 06222026

99.04 1.22%
FARMER MAC MED TERM 500,000.00 100.03 500,157.50 495,507.50 -6.33 -4,650.00 -0.93% 19,650.00 3.97% 0.39%NTS 03.930 % DUE 011331DTD 011326 FC 07132026

98.25 0.61%
FARMER MAC NTS 03.200 500,000.00 99.70 498,481.25 497,380.56 0.00 -1,100.69 -0.22% 16,000.00 3.22% 0.39%% DUE 082627 DTD 082922FC 02262023

99.17 0.61%
FEDERAL HOME LN BANK 1,000,000.00 100.00 1,000,003.95 1,000,453.47 -1.30 449.52 0.04% 41,750.00 4.17% 0.78%NTS 04.175 % DUE 031229DTD 031225 FC 09122025

99.83 1.22%
(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: April 01, 2026 Page 12 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Government
FFCB BOND 01.840 % DUE 2,000,000.00 100.00 2,000,000.00 1,975,504.44 0.00 -24,495.56 -1.22% 36,800.00 1.86% 1.54%012627 DTD 012622 FC07262022

98.44 2.41%
FFCB BOND 04.000 % DUE 1,000,000.00 100.12 1,001,212.36 1,026,150.00 -263.19 24,937.64 2.49% 40,000.00 3.90% 0.80%040130 DTD 040125 FC10012025 100.62 1.25%
FFCB BOND 04.090 % DUE 2,000,000.00 99.95 1,999,005.25 2,007,441.67 0.00 8,436.42 0.42% 81,800.00 4.07% 1.57%071629 DTD 071625 FC01162026

99.52 2.45%
FFCB BOND 04.520 % DUE 1,000,000.00 100.00 1,000,004.51 1,015,271.11 -0.74 15,266.60 1.53% 45,200.00 4.45% 0.79%051430 DTD 051425 FC11142025

99.81 1.24%
FFCB NTS 00.940 % DUE 2,000,000.00 100.00 2,000,000.00 1,972,736.67 0.00 -27,263.33 -1.36% 18,800.00 0.95% 1.54%092826 DTD 092821 FC03282022

98.63 2.41%
FHLB BOND 01.050 % DUE 1,000,000.00 96.84 968,385.25 991,140.00 0.00 22,754.75 2.35% 10,500.00 1.06% 0.77%081326 DTD 081321 FC02132022

98.97 1.21%
FHLB BOND 01.780 % DUE 2,000,000.00 100.00 2,000,000.00 1,971,183.33 0.00 -28,816.67 -1.44% 35,600.00 1.81% 1.54%021027 DTD 021022 FC08102022

98.31 2.41%
FHLB BOND 02.010 % DUE 3,215,000.00 95.65 3,075,098.40 3,171,147.40 0.00 96,049.00 3.12% 64,621.50 2.04% 2.48%022527 DTD 022522 FC08252022

98.44 3.87%
FHLB BOND 03.250 % DUE 500,000.00 99.87 499,366.75 499,850.56 0.00 483.81 0.10% 16,250.00 3.25% 0.39%060928 DTD 050818 FC12092018

98.96 0.61%
FHLB BOND 03.750 % DUE 500,000.00 100.00 500,000.00 500,774.17 0.00 774.17 0.15% 18,750.00 3.74% 0.39%021128 DTD 021126 FC08112026

99.63 0.61%
FHLB BOND 03.840 % DUE 485,000.00 100.00 485,005.20 480,604.28 -0.06 -4,400.92 -0.91% 18,624.00 3.88% 0.38%030631 DTD 030626 FC09062026

98.83 0.59%
FHLB BOND STEP-UP 2,000,000.00 100.00 2,000,000.00 2,015,820.00 0.00 15,820.00 0.79% 70,000.00 3.47% 1.58%3.5000% DUE 063026 DTD063021 FC 12302021

99.92 2.46%
(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: April 01, 2026 Page 13 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Government
FHLB NTS 1.1500% DUE 2,000,000.00 100.00 2,000,000.00 1,978,976.11 0.00 -21,023.89 -1.05% 23,000.00 1.16% 1.55%082626 DTD 082621 FC02262022

98.84 2.42%
FHLB NTS 1.5000% DUE 2,000,000.00 100.00 2,000,000.00 1,996,320.00 0.00 -3,680.00 -0.18% 30,000.00 1.50% 1.56%063026 DTD 063021 FC12302021

99.44 2.44%
FHLB NTS 04.500 % DUE 1,000,000.00 100.00 1,000,004.50 1,008,600.00 -0.76 8,595.50 0.86% 45,000.00 4.46% 0.79%011730 DTD 071725 FC01172026

99.94 1.23%
FHLMC NTS 04.000 % DUE 650,000.00 99.75 648,380.25 658,980.83 0.00 10,600.58 1.63% 26,000.00 3.95% 0.52%043029 DTD 043025 FC10302025

99.72 0.80%
FNMA NTS 03.750 % DUE 1,000,000.00 99.98 999,770.83 990,034.17 0.00 -9,736.66 -0.97% 37,500.00 3.79% 0.77%030631 DTD 030626 FC09062026

98.74 1.21%
FNMA NTS 03.830 % DUE 750,000.00 100.00 750,005.20 744,393.75 -0.05 -5,611.45 -0.75% 28,725.00 3.86% 0.58%091330 DTD 031326 FC09132026

99.06 0.91%
FNMA NTS 04.050 % DUE 1,000,000.00 99.98 999,755.25 1,000,077.50 0.00 322.25 0.03% 40,500.00 4.05% 0.78%011531 DTD 012026 FC07152026

99.21 1.22%
FNMA NTS 04.300 % DUE 1,000,000.00 100.00 1,000,004.23 1,001,355.00 -1.02 1,350.77 0.14% 43,000.00 4.29% 0.78%030430 DTD 031225 FC09042025

99.81 1.22%
INTL FIN CORP NTS 00.500 2,000,000.00 100.00 2,000,000.00 2,002,797.78 0.00 2,797.78 0.14% 10,000.00 0.50% 1.57%% DUE 051526 DTD 052821FC 11152021

99.95 2.45%
US TSY NOTE 01.125 % DUE 1,000,000.00 98.21 982,052.13 989,442.68 0.00 7,390.55 0.75% 11,250.00 1.14% 0.77%10/31/26 DTD 10/31/21 FC04/30/22

98.48 1.21%
US TSY NOTE 02.875 % DUE 500,000.00 98.63 493,165.41 491,162.24 0.00 -2,003.17 -0.41% 14,375.00 2.93% 0.38%08/15/28 DTD 08/15/18 FC02/15/19

97.88 0.60%
US TSY NOTE 03.125 % DUE 500,000.00 99.14 495,704.47 497,120.17 0.00 1,415.70 0.29% 15,625.00 3.14% 0.39%11/15/28 DTD 11/15/18 FC05/15/19

98.25 0.61%
(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: April 01, 2026 Page 14 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Government
US TSY NOTE 03.375 % DUE 500,000.00 99.86 499,278.69 495,518.70 0.00 -3,759.99 -0.75% 16,875.00 3.41% 0.39%09/15/28 DTD 09/15/25 FC03/15/26

98.96 0.61%
US TSY NOTE 03.500 % DUE 1,000,000.00 98.47 984,716.19 988,050.00 0.00 3,333.81 0.34% 35,000.00 3.54% 0.77%09/30/29 DTD 09/30/24 FC03/31/25

98.81 1.21%
US TSY NOTE 03.500 % DUE 2,000,000.00 99.88 1,997,682.37 2,016,415.38 0.00 18,733.01 0.94% 70,000.00 3.47% 1.58%10/15/28 DTD 10/15/25 FC04/15/26

99.22 2.46%
US TSY NOTE 03.500 % DUE 500,000.00 99.44 497,177.13 496,657.31 0.00 -519.82 -0.10% 17,500.00 3.52% 0.39%11/30/30 DTD 11/30/25 FC05/31/26

98.17 0.61%
US TSY NOTE 03.625 % DUE 1,000,000.00 99.88 998,849.00 1,002,310.86 0.00 3,461.86 0.35% 36,250.00 3.62% 0.78%10/31/30 DTD 10/31/25 FC04/30/26

98.72 1.22%
US TSY NOTE 03.750 % DUE 1,000,000.00 98.65 986,458.38 1,006,445.66 0.00 19,987.28 2.03% 37,500.00 3.73% 0.79%05/31/30 DTD 05/31/23 FC11/30/23

99.40 1.23%
US TSY NOTE 03.750 % DUE 1,000,000.00 99.89 998,888.06 1,000,803.20 0.00 1,915.14 0.19% 37,500.00 3.75% 0.78%12/31/30 DTD 12/31/23 FC06/30/24

99.15 1.22%
US TSY NOTE 03.875 % DUE 1,500,000.00 99.38 1,490,677.13 1,519,081.77 0.00 28,404.64 1.91% 58,125.00 3.83% 1.19%11/30/29 DTD 11/30/22 FC05/31/23

99.98 1.86%
US TSY NOTE 03.875 % DUE 1,017,000.00 97.76 994,218.09 1,026,279.09 0.00 32,061.00 3.22% 39,408.75 3.84% 0.80%12/31/29 DTD 12/31/22 FC06/30/23

99.95 1.25%
US TSY NOTE 04.000 % DUE 1,000,000.00 99.16 991,647.22 1,020,745.08 0.00 29,097.86 2.93% 40,000.00 3.92% 0.80%10/31/29 DTD 10/31/22 FC04/30/23 100.41 1.25%
US TSY NOTE 04.125 % DUE 1,000,000.00 98.38 983,770.88 1,025,446.49 0.00 41,675.61 4.24% 41,250.00 4.02% 0.80%10/31/29 DTD 10/31/24 FC04/30/25 100.82 1.25%
Total Government $46,316,811 $46,572,447 -$400.07 $255,635 0.55% $1,364,729 2.93% 56.87% 36.41% (1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: April 01, 2026 Page 15 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (continued)
Unrealized
gain/loss ($)
Unrealized
gain/loss
Quantity (%)
Current
Cost basis ($) yield (%)
Est. annual
income ($)
Purchase
price ($) /
Avg Price Market value ($)
Amort/Accr.($)
as of
Fixed Income 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
ACCENTURE CAPITAL INC 3,000,000.00 99.12 2,973,745.75 3,039,907.50 0.00 66,161.75 2.22% 121,500.00 4.00% 2.38%04.050% 100429DTD100424 FC040425CALL@MW+10BP

99.34 3.71%
AMAZON.COM INC B/E 1,000,000.00 88.91 889,135.25 898,526.67 0.00 9,391.42 1.06% 15,000.00 1.67% 0.70%01.500% 060330DTD060320CALL@MW+15BP

89.36 1.10%
AMEREN ILL CO NTS B/E 1,500,000.00 99.67 1,494,995.25 1,507,433.33 0.00 12,438.08 0.83% 57,000.00 3.78% 1.18%03.800% 051528DTD052218 FC111518CALL@MW+15BP

99.06 1.84%
ARCHER DANIELS MIDLAND 500,000.00 97.01 485,050.25 479,430.56 0.00 -5,619.69 -1.16% 16,250.00 3.39% 0.37%03.250% 032730DTD032720 FC092720 COCALL@MW+40BP

95.85 0.59%
CATERPILLAR FINL SERVICE 500,000.00 99.82 499,105.25 505,125.97 0.00 6,020.72 1.21% 19,750.00 3.91% 0.39%03.950% 111428DTD111425 FC051426 NTSB/E

99.52 0.62%
CHARLES SCHWAB CORP 470,000.00 94.17 442,604.25 462,689.54 0.00 20,085.29 4.54% 15,275.00 3.30% 0.36%B/E 03.250% 052229DTD052219 FC112219

97.28 0.57%
DTE ELEC CO B/E 02.250% 1,000,000.00 91.95 919,485.25 925,995.00 0.00 6,509.75 0.71% 22,500.00 2.43% 0.72%030130 DTD022620CALL@MW+15BP

92.41 1.13%
JOHN DEERE CAPITAL CORP 500,000.00 99.69 498,470.25 496,500.00 0.00 -1,970.25 -0.40% 21,000.00 4.23% 0.39%04.200% 031031DTD031026 FC091026 NTSB/E

99.06 0.61%
JOHN DEERE CPTL CORP 1,000,000.00 97.50 975,045.25 988,938.06 0.00 13,892.81 1.42% 33,500.00 3.39% 0.77%03.350% 041829DTD041822 FC101822 MEDTERM NTS

97.38 1.21%
(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: April 01, 2026 Page 16 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
JPMORGAN CHASE & CO 500,000.00 99.92 499,615.25 511,908.56 0.00 12,293.31 2.46% 25,060.00 4.90% 0.40%NTS 05.012% 012330DTD012324 FC072324CALL@MW+20BP 101.44 0.63%
MORGAN STANLEY FIN LLC 2,000,000.00 100.00 2,000,000.00 1,968,483.33 0.00 -31,516.67 -1.58% 21,000.00 1.07% 1.54%01.050% 082726DTD082721 FC022722 MEDTERM NTS

98.33 2.40%
ONCOR ELEC DELIVERY CO 500,000.00 100.10 500,493.20 513,497.50 -132.40 13,004.30 2.60% 23,250.00 4.53% 0.40%04.650% 110129DTD111324 FC050125CALL@MW+10BP 100.76 0.63%
PACIFICORP B/E 03.500% 1,000,000.00 97.14 971,415.25 972,135.56 0.00 720.31 0.07% 35,000.00 3.60% 0.76%061529 DTD030119FC061519 CALL@MW+15BP

96.18 1.19%
PUB SVC ELEC & GAS CO 200,000.00 99.73 199,469.25 197,824.33 0.00 -1,644.92 -0.82% 7,300.00 3.69% 0.15%03.650% 090128DTD090718 FC030119CALL@MW+12.5BP

98.61 0.24%
SAN DIEGO G & E B/E 500,000.00 89.43 447,160.25 446,440.00 0.00 -720.25 -0.16% 8,500.00 1.90% 0.35%01.700% 100130DTD092820 FC040121CALL@MW+20BP

88.44 0.55%
SHELL FIN US INC NTS B/E 500,000.00 99.62 498,090.25 503,412.29 0.00 5,322.04 1.07% 20,625.00 4.10% 0.39%04.125% 110630DTD110625 FC050626CALL@MW+10BP

99.02 0.61%
SOUTHERN CALIF GAS CO 500,000.00 92.98 464,875.25 470,055.00 0.00 5,179.75 1.11% 12,750.00 2.71% 0.37%02.550% 020130DTD010920CALL@MW+15BP

93.59 0.57%
ST STREET BK & TR CO NTS 1,000,000.00 99.84 998,380.50 1,033,062.67 0.00 34,682.17 3.47% 47,820.00 4.63% 0.81%04.782% 112329DTD112524 FC052325 B/E 101.61 1.26%
(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: April 01, 2026 Page 17 of 39 Consolidated report prepared for City of Glendora
Portfolio Holdingsas of March 31, 2026 (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 03/31/2026
Price on
03/31/2026
($)
% of
Fixed
Income
% of
portfolio
US
Corporate IG Credit
TOYOTA MOTOR CREDIT 500,000.00 99.82 499,085.25 507,441.11 0.00 8,355.86 1.67% 22,250.00 4.38% 0.40%CORP 04.450% 062929DTD063022 FC122922CALL@MW+20BP 100.35 0.62%
UNITED HEALTH GROUP INC 2,000,000.00 100.01 2,000,122.22 2,001,128.89 -4,640.49 1,006.67 0.05% 23,000.00 1.15% 1.56%01.150% 051526DTD051921 FC111521CALL@MW+07.50BP

99.62 2.44%
UNITED HEALTH GROUP INC 1,000,000.00 98.46 984,595.25 1,004,651.11 0.00 20,055.86 2.04% 40,000.00 3.98% 0.79%04.000% 051529DTD052022 FC111522CALL@MW+20BP

98.95 1.23%
US BANCORP NTS B/E 1,000,000.00 99.40 993,985.50 1,004,510.00 0.00 10,524.50 1.06% 46,530.00 4.63% 0.79%04.653% 020129DTD020123 FC080123 100.45 1.23%
Total Corporate IG Credit $20,234,924 $20,439,097 -$4,772.89 $204,173 1.01% $654,860 3.20% 24.96% 15.98% Total US $81,409,272 $81,890,356 -$6,065.25 $481,084 0.59% $2,534,656 3.10% 100% 64.02% Total Fixed Income $81,409,272 $81,890,356 -$6,065.25 $481,084 0.59% $2,534,656 3.10% 100% 64.02%Total Portfolio $127,424,591 $127,905,674 $481,084 0.38% $3,316,257 2.59% 100% 100% Unrealized
gain/loss
(%)
Unrealized
gain/loss ($)
% of
asset
class
Est. annual
Cost basis ($) income ($)
Current
Market value ($) yield (%)
% of
portfolio
Total accrued interest (included in market values): $600,351.26(1)Assets held at other financial institutions are included in this report. We have not verified, and are not responsible for, the accuracy or completeness of this information.Accrued interest, if any, has been included in the total market value.Report created on: April 01, 2026 Page 18 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026Summary of Bond HoldingsMaturityYear Yield to
maturity (%)
Yield to
worst (%)
Unrealized
Issues gain/loss ($) Mkt. value ($)
Est. annual
income ($)
Adjusted
cost basis ($)
Modified
duration
Current
Quantity yield (%) % of bond portfolio maturing
2026 17 17,960,000 242,172.50 1.36% 4.21% 4.21% 0.35 17,910,559.6 -97,422.70 17,867,033.58

21.91%
2027 22 12,080,000 302,944.00 2.54% 3.84% 3.84% 1.02 11,938,790.49 1,150.39 11,976,353.01

14.69%
2028 28 12,084,000 452,746.50 3.77% 4.04% 4.00% 2.05 12,061,693.62 -58,165.69 12,107,916.09

14.77%
2029 23 20,107,000 805,543.75 4.03% 4.16% 4.16% 3.10 19,895,239.81 113,607.87 20,248,695.04

24.61%
2030 26 15,200,000 546,665.00 3.68% 4.21% 4.20% 3.74 14,878,662.7 -34,047.60 14,991,092.13

18.26%
2031 7 4,730,000 184,584.00 3.94% 4.14% 4.14% 4.39 4,724,326.12 -44,390.02 4,699,266.01

5.76%
2032 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/A2051 0 0 N/A N/A N/A2051 + 0 0 N/A N/A N/AOther 0 0 N/A N/A N/ATotal 123 82,161,000 $2,534,655.75 3.12% 4.10% 4.09% 2.42 $81,409,272.34 $-119,267.75 $81,890,355.85Includes all fixed-rate securities in the selected portfolio. Average yields and durations exclude Structured Product, Pass-Through, Perpetual Preferred, and Foreign securities.Accrued interest, if any, has been included in the total market value.Report created on: April 01, 2026 Page 19 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (continued)
Effective rating/
Underlying rating
(Mdy/Fitch/S&P)
Mkt. value ($)/
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 ($)

4.10%4.09%
09/12/2028 N/A 2.42$81,409,272.34 N/A $81,290,004.59
$-119,267.75
82,161,000

3.12% $600,351.26

3.09% $2,534,655.75 100%
$81,890,355.85
Total Bond PortfolioDetails of Bond Holdings
Est. annual
income ($)/
Curr. yield (%)
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 99.868
191.30

0.95%

0.95% -323.40
04/16/2026 0.04 244,676.60 0.30%

3.97%
GREENSTATE CREDIT IA US 2,327.50 3.97%RT 00.9500% MAT 04/16/26FIXED RATE CD /IA CD
245,000 245,000.00 99.815
966.58

0.90%

0.90% -453.25
04/22/2026 0.06 244,546.75 0.30%

3.96%
TOYOTA FINL SVG BK NV US 2,205.00 3.96%RT 00.9000% MAT 04/22/26FIXED RATE CD /NV CD
2,000,000 2,000,000.00 99.951
3,777.78

0.50%

0.50% -980.00
05/15/2026 N/A 1,999,020.00 2.46%
N/A
10,000.00 N/A

NR/NR/NR
INTL FIN CORP NTS 00.500 % Aaa/NR/AAADUE 051526 DTD 052821 FC11152021 2,000,000 2,000,122.22 99.622
8,688.89

1.15%

1.15% -7,682.22
05/15/2026 04/15/2026 0.12 1,992,440.00 2.45%

4.24%4.24%
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 99.363

85.58 0.85%

0.86% -1,560.65
06/16/2026 0.21 243,439.35 0.30%

3.89%
UBS BANK UT US RT 2,082.50 3.89%00.8500% MAT 06/16/26FIXED RATE CD /UT CD
245,000 245,000.00 99.894
2,168.42

3.55%

3.55% -259.70
06/30/2026 04/30/2026 0.25 244,740.30 0.30%

3.94%3.94%
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 99.916
17,500.00

3.50%

3.50% -1,680.00
06/30/2026 N/A 1,998,320.00 2.46%
N/A
70,000.00 N/A

NR/NR/NR
FHLB BOND STEP-UP Aa1/NR/AA+3.5000% DUE 063026 DTD063021 FC 12302021 2,000,000 2,000,000.00 99.441
7,500.00

1.50%

1.51% -11,180.00
06/30/2026 N/A 1,988,820.00 2.45%
N/A
30,000.00 N/A

NR/NR/NR
FHLB NTS 1.5000% DUE Aa1/NR/AA+063026 DTD 063021 FC12302021Includes 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: April 01, 2026 Page 20 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 99.198
427.58

0.70%

0.71% -1,964.90
07/01/2026 0.25 243,035.10 0.30%

3.91%
NEW YORK CMNTY BK NY 1,715.00 3.91%US RT 00.7000% MAT07/01/26 FIXED RATE CD /NY CD
1,000,000 968,385.25 98.974
1,400.00

1.05%

1.06% 21,354.75
08/13/2026 04/13/2026 0.36 989,740.00 1.22%

3.88%3.88%
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 98.876
161.10

0.80%

0.81% -2,753.80
08/13/2026 0.37 242,246.20 0.30%

3.87%
LIVE OAK BKG CO NC US RT 1,960.00 3.87%00.8000% MAT 08/13/26FIXED RATE CD /NC CD
2,000,000 2,000,000.00 98.837
2,236.11

1.15%

1.16% -23,260.00
08/26/2026 N/A 1,976,740.00 2.43%
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 98.325
1,983.33

1.05%

1.07% -33,500.00
08/27/2026 0.40 1,966,500.00 2.42%

5.26%
21,000.00 5.26%

NR/NR/NR
MORGAN STANLEY FIN LLC A1/A+/A01.050% 082726DTD082721 FC022722 MEDTERM NTS 2,000,000 2,000,000.00 98.629
156.67

0.94%

0.95% -27,420.00
09/28/2026 0.48 1,972,580.00 2.43%

3.78%
18,800.00 3.78%

NR/NR/NR
FFCB NTS 00.940 % DUE Aa1/AA+/AA+092826 DTD 092821 FC03282022 1,000,000 982,052.13 98.475
4,692.68

1.13%

1.14% 2,697.87
10/31/2026 0.57 984,750.00 1.21%

3.79%
11,250.00 3.79%

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 98.274
980.34

1.15%

1.17% -4,228.70
11/24/2026 0.64 240,771.30 0.30%

3.85%
CAPITAL ONE BK USA VA US 2,817.50 3.85%RT 01.1500% MAT 11/24/26FIXED RATE CD /VA CD
245,000 245,000.00 98.274
980.34

1.15%

1.17% -4,228.70
11/24/2026 0.64 240,771.30 0.30%

3.85%
CAPITAL ONE NA VA US RT 2,817.50 3.85%01.1500% MAT 11/24/26FIXED RATE CD /VA CD
Total 2026 17,960,000 1.35% 07/24/2026 $242,172.50

1.36%

4.21%4.21%

0.35$17,910,559.60
$-97,422.70
$17,813,136.90
$53,896.68

21.91%
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: April 01, 2026 Page 21 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 98.443
6,644.44

1.84%

1.87% -31,140.00
01/26/2027 0.80 1,968,860.00 2.42%

3.79%
36,800.00 3.79%

NR/NR/NR
FFCB BOND 01.840 % DUE Aa1/AA+/AA+012627 DTD 012622 FC07262022 2,000,000 2,000,000.00 98.307
5,043.33

1.78%

1.81% -33,860.00
02/10/2027 05/10/2026 0.84 1,966,140.00 2.42%

3.80%3.80%
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 98.104
342.33

1.70%

1.73% -4,645.20
02/18/2027 0.88 240,354.80 0.30%

3.88%
METRO CREDIT UNION MA 4,165.00 3.88%US RT 01.7000% MAT02/18/27 LICU SHARECERTIFICATE /MA CD
245,000 245,000.00 98.116
148.34

1.70%

1.73% -4,615.80
02/18/2027 0.88 240,384.20 0.30%

3.86%
PENTAGON FED CREDI VA US 4,165.00 3.86%RT 01.7000% MAT 02/18/27CREDIT UNION SHARE CERT/VA CD
3,215,000 3,075,098.40 98.435
6,462.15

2.01%

2.04% 89,586.85
02/25/2027 05/25/2026 0.88 3,164,685.25 3.89%

3.79%3.79%
100.00
64,621.50

NR/NR/NR
FHLB BOND 02.010 % DUE Aa1/NR/AA+022527 DTD 022522 FC08252022 245,000 245,210.84 98.283
389.32

2.00%

2.03% -4,417.49
03/02/2027 0.90 240,793.35 0.30%

3.91%
EAGLEMARK SVGS BK NV US 4,900.00 3.91%RT 02.0000% MAT 03/02/27FIXED RATE CD /NV CD
245,000 245,000.00 99.228
2,727.89

3.20%

3.22% -1,891.40
05/24/2027 1.10 243,108.60 0.30%

3.89%
DISCOVER BANK DE US RT 7,840.00 3.89%03.2000% MAT 05/24/27FIXED RATE CD /DE CD
245,000 245,000.00 100.949
504.77

4.70%

4.66% 2,325.05
06/15/2027 1.17 247,325.05 0.30%

3.89%
ESSENTIAL FED CRED LA US 11,515.00 3.89%RT 04.7000% MAT 06/15/27LICU SHARE CERTIFICATE /LA CD
245,000 245,000.00 99.244
349.04

3.25%

3.27% -1,852.20
06/15/2027 1.18 243,147.80 0.30%

3.89%
LAFAYETTE FED CRED MD US 7,962.50 3.89%RT 03.2500% MAT 06/15/27LICU SHARE CERTIFICATE/MD CD
245,000 245,000.00 99.747
1,490.14

3.70%

3.71% -619.85
07/30/2027 1.28 244,380.15 0.30%

3.89%
BANK HAPOALIM BM N NY 9,065.00 3.89%US RT 03.7000% MAT07/30/27 FIXED RATE CD /NY CD
245,000 245,000.00 99.682
1,470.00

3.65%

3.66% -779.10
07/30/2027 1.28 244,220.90 0.30%

3.89%
BANK OF AMERICA NA NC 8,942.50 3.89%US RT 03.6500% MAT07/30/27 FIXED 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: April 01, 2026 Page 22 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 99.682
1,470.00

3.65%

3.66% -779.10
07/30/2027 1.28 244,220.90 0.30%

3.89%
WESTERN ALLIANCE B AZ US 8,942.50 3.89%RT 03.6500% MAT 07/30/27FIXED RATE CD /AZ CD
245,000 245,000.00 99.884
408.11

3.80%

3.80% -284.20
08/13/2027 1.33 244,715.80 0.30%

3.89%
TAB BANK INC UT US RT 9,310.00 3.89%03.8000% MAT 08/13/27FIXED RATE CD /UT CD
245,000 245,000.00 100.008
287.96

3.90%

3.90% 19.60
08/20/2027 1.35 245,019.60 0.30%

3.89%
BRIGHTSTAR CR UN FL US RT 9,555.00 3.89%03.9000% MAT 08/20/27LICU SHARE CERTIFICATE /FL CD
500,000 498,481.25 99.165
1,555.56

3.20%

3.23% -2,656.25
08/26/2027 1.35 495,825.00 0.61%

3.82%
16,000.00 3.82%

NR/NR/NR
FARMER MAC NTS 03.200 % NR/NR/NRDUE 082627 DTD 082922 FC02262023 245,000 245,000.00 100.145
751.78

4.00%

3.99% 355.25
09/03/2027 1.38 245,355.25 0.30%

3.90%
CONNEXUS CREDIT UN WI 9,800.00 3.90%US RT 04.0000% MAT09/03/27 LICU SHARECERTIFICATE /WI CD
200,000 200,000.00 99.421
590.69

3.85%

3.87% -1,158.02
09/15/2027 1.41 198,841.98 0.24%

4.26%
COMENITY BANK DE US RT 7,700.00 4.26%03.8500% MAT 09/15/27JUMBO CD - HELD AT UBS/DE CD
245,000 245,000.00 99.559
4,252.93

3.60%

3.62% -1,080.45
10/06/2027 1.44 243,919.55 0.30%

3.90%
MUTUALONE BANK MA US 8,820.00 3.90%RT 03.6000% MAT 10/06/27FIXED RATE CD /MA CD
245,000 245,000.00 99.562
531.62

3.60%

3.62% -1,073.10
10/12/2027 1.49 243,926.90 0.30%

3.89%
KEMBA FINL CREDIT OH US 8,820.00 3.89%RT 03.6000% MAT 10/12/27FIXED RATE CD /OH CD
245,000 245,000.00 99.625

98.00 3.65%

3.66% -918.75
10/27/2027 1.53 244,081.25 0.30%

3.90%
VIBRANT CREDIT UNI IL US RT 8,942.50 3.90%03.6500% MAT 10/27/27LICU SHARE CERTIFICATE /IL CD
245,000 245,000.00 99.937
646.06

3.85%

3.85% -154.35
11/08/2027 1.55 244,845.65 0.30%

3.89%
FARMERS & MERCHANT WI 9,432.50 3.89%US RT 03.8500% MAT11/08/27 FIXED RATE CD /WI CD
245,000 245,000.00 100.322
247.68

4.10%

4.09% 788.90
11/22/2027 1.59 245,788.90 0.30%

3.90%
WORKERS CREDIT UNI MA 10,045.00 3.90%US RT 04.1000% MAT11/22/27 LICU SHARECERTIFICATE /MA 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: April 01, 2026 Page 23 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 ($)/
Unreal. g/l ($)
Total 2027 12,080,000 2.51% 04/21/2027 $302,944.00

2.54%

3.84%3.84%

1.02$11,938,790.49
$1,150.39
$11,939,940.88
$36,412.13

14.69%
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 ($)/
Unreal. g/l ($)
500,000 500,000.00 99.634
2,604.17

3.75%

3.76% -1,830.00
02/11/2028 08/11/2026 1.77 498,170.00 0.61%

3.95%3.95%
100.00
18,750.00

NR/NR/NR
FHLB BOND 03.750 % DUE Aa1/NR/AA+021128 DTD 021126 FC08112026 245,000 245,000.00 99.905
878.64

3.85%

3.85% -232.75
02/25/2028 1.82 244,767.25 0.30%

3.90%
MORGAN STANLEY BK UT US 9,432.50 3.90%RT 03.8500% MAT 02/25/28FIXED RATE CD /UT CD
245,000 245,000.00 100.172
349.04

4.00%

3.99% 421.40
03/20/2028 1.88 245,421.40 0.30%

3.91%
GOLDMAN SACHS BANK NY 9,800.00 3.91%US RT 04.0000% MAT03/20/28 FIXED RATE CD /NY CD
245,000 245,000.00 99.587
198.68

3.70%

3.72% -1,011.85
03/23/2028 1.89 243,988.15 0.30%

3.92%
OPTUM BK UT US RT 9,065.00 3.92%03.7000% MAT 03/23/28FIXED RATE CD /UT CD
245,000 245,000.00 100.007

0.00 3.90%

3.90% 17.15
03/31/2028 N/A 245,017.15 0.30%
N/A
MANUFACTURERS & TR NY 9,555.00 N/AUS RT 03.9000% MAT03/31/28 FIXED RATE CD /NY CD
245,000 245,000.00 99.994
939.73

5.00%

5.00% -14.70
04/03/2028 04/03/2026 1.90 244,985.30 0.30%

5.00%5.00%
100.00
ARBOR FINL CREDIT MI US RT 12,250.0005.0000% MAT 04/03/28FIXED RATE CD /MI CD
245,000 245,000.00 100.010

28.86 4.30%

4.30% 24.50
04/28/2028 04/30/2026 0.08 245,024.50 0.30%

4.18%4.29%
100.00
DIVERSIFIED MEMBER MI US 10,535.00RT 04.3000% MAT 04/28/28FIXED RATE CD /MI CD
245,000 245,000.00 99.989
785.34

3.90%

3.90% -26.95
05/01/2028 1.99 244,973.05 0.30%

3.91%
USF FED CREDIT UNI FL US RT 9,555.00 3.91%03.9000% MAT 05/01/28LICU SHARE CERTIFICATE /FL CD
1,500,000 1,494,995.25 99.060
21,533.33

3.80%

3.84% -9,095.25
05/15/2028 02/15/2028 1.99 1,485,900.00 1.83%

4.27%4.27%
100.00
57,000.00

NR/NR/NR
AMEREN ILL CO NTS B/E A1/NR/A03.800% 051528DTD052218 FC111518CALL@MW+15BPIncludes 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: April 01, 2026 Page 24 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 ($)/
Unreal. g/l ($)
500,000 499,366.75 98.959
5,055.56

3.25%

3.28% -4,571.75
06/09/2028 2.07 494,795.00 0.61%

3.75%
16,250.00 3.75%

NR/NR/NR
FHLB BOND 03.250 % DUE Aa1/NR/AA+060928 DTD 050818 FC12092018 245,000 244,174.64 99.337
362.47

3.60%

3.62% -798.99
06/16/2028 2.09 243,375.65 0.30%

3.91%
CFG BK MD US RT 8,820.00 3.91%03.6000% MAT 06/16/28FIXED RATE CD /MD CD
245,000 245,000.00 100.006
563.84

4.20%

4.20% 14.70
07/11/2028 04/11/2026 0.03 245,014.70 0.30%

3.99%4.20%
100.00
FIRST FED SVGS BK IN US RT 10,290.0004.2000% MAT 07/11/28FIXED RATE CD /IN CD
245,000 245,000.00 100.034
604.78

5.30%

5.30% 83.30
07/14/2028 04/14/2026 0.04 245,083.30 0.30%

4.40%5.28%
100.00
CY-FAIR FED CREDIT TX US 12,985.00RT 05.3000% MAT 07/14/28FIXED RATE CD /TX CD
245,000 245,000.00 102.378
469.86

5.00%

4.88% 5,826.10
07/17/2028 2.16 250,826.10 0.31%

3.92%
NEW ORLEANS FIREME LA US 12,250.00 3.92%RT 05.0000% MAT 07/17/28FIXED RATE CD /LA CD
245,000 245,000.00 99.518
447.04

3.70%

3.72% -1,180.90
08/14/2028 2.26 243,819.10 0.30%

3.91%
OKLAHOMA EDUCATORS OK 9,065.00 3.91%US RT 03.7000% MAT08/14/28 FIXED RATE CD /OK CD
500,000 493,165.41 97.883
1,747.24

2.88%

2.94% -3,750.41
08/15/2028 2.26 489,415.00 0.60%

3.81%
14,375.00 3.81%

NR/NR/NR
US TSY NOTE 02.875 % DUE Aa1/AA+/NR08/15/28 DTD 08/15/18 FC02/15/19 200,000 199,469.25 98.608
608.33

3.65%

3.70% -2,253.25
09/01/2028 06/01/2028 2.28 197,216.00 0.24%

4.26%4.26%
100.00
7,300.00

NR/NR/NR
PUB SVC ELEC & GAS CO A1/NR/A03.650% 090128DTD090718 FC030119CALL@MW+12.5BP 500,000 499,278.69 98.957
733.70

3.38%

3.41% -4,493.69
09/15/2028 2.33 494,785.00 0.61%

3.82%
16,875.00 3.82%

NR/NR/NR
US TSY NOTE 03.375 % DUE Aa1/AA+/AA+09/15/28 DTD 09/15/25 FC03/15/26 245,000 245,000.00 99.830
284.27

3.85%

3.86% -416.50
09/20/2028 2.35 244,583.50 0.30%

3.92%
MERRICK BK UT US RT 9,432.50 3.92%03.8500% MAT 09/20/28FIXED RATE CD /UT CD
245,000 243,297.25 99.115

47.66 3.55%

3.58% -465.50
09/29/2028 2.39 242,831.75 0.30%

3.92%
CLAXTON BK GA US RT 8,697.50 3.92%03.5500% MAT 09/29/28FIXED RATE CD /GA 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: April 01, 2026 Page 25 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 99.493
2,210.37

3.70%

3.72% -1,242.15
10/10/2028 2.38 243,757.85 0.30%

3.91%
DORT FINL CREDIT U MI US 9,065.00 3.91%RT 03.7000% MAT 10/10/28LICU SHARE CERTIFICATE /MI CD
2,000,000 1,997,682.37 99.215
32,115.38

3.50%

3.53% -13,382.37
10/15/2028 2.37 1,984,300.00 2.44%

3.83%
70,000.00 3.83%

NR/NR/NR
US TSY NOTE 03.500 % DUE Aa1/AA+/AA+10/15/28 DTD 10/15/25 FC04/15/26 245,000 244,735.91 99.208
3,987.12

3.60%

3.63% -1,676.31
10/17/2028 2.37 243,059.60 0.30%

3.93%
BMW BK OF NA NA UT US RT 8,820.00 3.93%03.6000% MAT 10/17/28FIXED RATE CD /UT CD
219,000 219,000.00 100.012
3,784.50

4.35%

4.35% 26.28
11/06/2028 04/06/2026 0.02 219,026.28 0.27%

3.56%4.34%
100.00
FIRST GTY BK HAMMO LA US 9,526.50RT 04.3500% MAT 11/06/28FIXED RATE CD /LA CD
500,000 499,105.25 99.522
7,515.97

3.95%

3.97% -1,495.25
11/14/2028 2.43 497,610.00 0.61%

4.14%
19,750.00 4.14%

NR/NR/NR
CATERPILLAR FINL SERVICE A2/A+/A03.950% 111428DTD111425 FC051426 NTSB/E 500,000 495,704.47 98.250
5,870.17

3.13%

3.18% -4,454.47
11/15/2028 2.46 491,250.00 0.60%

3.83%
15,625.00 3.83%

NR/NR/NR
US TSY NOTE 03.125 % DUE Aa1/AA+/NR11/15/28 DTD 11/15/18 FC05/15/19 1,000,000 1,001,718.38 99.038
10,450.00

3.80%

3.84% -11,338.38
12/22/2028 12/22/2026 2.53 990,380.00 1.22%

4.18%4.18%
100.00
38,000.00

NR/NR/NR
FARMER MAC MED TERM NR/NR/NRNTS 03.800 % DUE 122228DTD 122225 FC 06222026 245,000 245,000.00 99.654
212.11

3.95%

3.96% -847.70
12/22/2028 06/23/2026 2.58 244,152.30 0.30%

4.08%4.08%
100.00
REGENT BK OK US RT 9,677.5003.9500% MAT 12/22/28FIXED RATE CD /OK CD
Total 2028 12,084,000 3.75% 08/09/2028 $452,746.50

3.77%

4.04%4.00%

2.05$12,061,693.62
$-58,165.69
$12,003,527.93
$104,388.16

14.77%
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: April 01, 2026 Page 26 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 ($)/
Unreal. g/l ($)
245,000 243,750.40 99.643
484.63

3.80%

3.81% 374.95
01/12/2029 2.63 244,125.35 0.30%

3.94%
GUARANTY BK MO US RT 9,310.00 3.94%03.8000% MAT 01/12/29FIXED RATE CD /MO CD
1,000,000 993,985.50 100.451

0.00 4.65%

4.63% 10,524.50
02/01/2029 02/01/2028 N/A 1,004,510.00 1.24%
N/AN/A
100.00
46,530.00

NR/NR/NR
US BANCORP NTS B/E A3/A/A04.653% 020129DTD020123 FC080123 245,000 244,987.75 100.434
688.01

4.10%

4.08% 1,075.55
02/06/2029 2.68 246,063.30 0.30%

3.94%
WELLS FARGO BK NA SD US 10,045.00 3.94%RT 04.1000% MAT 02/06/29FIXED RATE CD /SD CD
1,000,000 1,000,003.95 99.825
2,203.47

4.18%

4.18% -1,753.95
03/12/2029 03/12/2027 2.74 998,250.00 1.23%

4.24%4.24%
100.00
41,750.00

NR/NR/NR
FEDERAL HOME LN BANK Aa1/NR/AA+NTS 04.175 % DUE 031229DTD 031225 FC 09122025 245,000 245,000.00 99.180
294.00

3.65%

3.68% -2,009.00
03/19/2029 2.80 242,991.00 0.30%

3.94%
MY CMNTY CREDIT UN TX 8,942.50 3.94%US RT 03.6500% MAT03/19/29 LICU SHARECERTIFICATE /TX CD
1,000,000 975,045.25 97.377
15,168.06

3.35%

3.44% -1,275.25
04/18/2029 2.82 973,770.00 1.20%

4.28%
33,500.00 4.28%

NR/NR/NR
JOHN DEERE CPTL CORP A1/A+/A03.350% 041829DTD041822 FC101822 MEDTERM NTS 650,000 648,380.25 99.715
10,833.33

4.00%

4.01% -232.75
04/30/2029 04/30/2026 2.83 648,147.50 0.80%

4.10%4.10%
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 98.954
15,111.11

4.00%

4.04% 4,944.75
05/15/2029 03/15/2029 2.86 989,540.00 1.22%

4.36%4.36%
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 97.280
5,473.54

3.25%

3.34% 14,611.75
05/22/2029 02/22/2029 2.91 457,216.00 0.56%

4.18%4.18%
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 96.183
10,305.56

3.50%

3.64% -9,585.25
06/15/2029 03/15/2029 2.95 961,830.00 1.18%

4.80%4.80%
100.00
35,000.00

NR/NR/NR
PACIFICORP B/E 03.500% A3/NR/BBB+061529 DTD030119FC061519 CALL@MW+15BPIncludes 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: April 01, 2026 Page 27 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 ($)/
Unreal. g/l ($)
500,000 499,085.25 100.351
5,686.11

4.45%

4.43% 2,669.75
06/29/2029 2.96 501,755.00 0.62%

4.33%
22,250.00 4.33%

NR/NR/NR
TOYOTA MOTOR CREDIT A1/A+/A+CORP 04.450% 062929DTD063022 FC122922CALL@MW+20BP 2,000,000 1,999,005.25 99.520
17,041.67

4.09%

4.11% -8,605.25
07/16/2029 07/16/2027 3.02 1,990,400.00 2.45%

4.25%4.25%
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 98.780
144.99

3.60%

3.64% 1,788.50
09/25/2029 3.24 242,011.00 0.30%

3.98%
AMER EXPRESS NATL UT US 8,820.00 3.98%RT 03.6000% MAT 09/25/29FIXED RATE CD /UT CD
1,000,000 984,716.19 98.805

0.00 3.50%

3.54% 3,333.81
09/30/2029 3.26 988,050.00 1.22%

3.87%
35,000.00 3.87%

NR/NR/NR
US TSY NOTE 03.500 % DUE Aa1/AA+/AA+09/30/29 DTD 09/30/24 FC03/31/25 3,000,000 2,973,745.75 99.339
59,737.50

4.05%

4.08% 6,424.25
10/04/2029 09/04/2029 3.17 2,980,170.00 3.67%

4.25%4.25%
100.00
121,500.00

NR/NR/NR
ACCENTURE CAPITAL INC Aa3/WD/AA04.050% 100429DTD100424 FC040425CALL@MW+10BP 1,000,000 991,647.22 100.406
16,685.08

4.00%

3.98% 12,412.78
10/31/2029 3.26 1,004,060.00 1.24%

3.88%
40,000.00 3.88%

NR/NR/NR
US TSY NOTE 04.000 % DUE Aa1/AA+/AA+10/31/29 DTD 10/31/22 FC04/30/23 1,000,000 983,770.88 100.824
17,206.49

4.13%

4.09% 24,469.12
10/31/2029 3.25 1,008,240.00 1.24%

3.88%
41,250.00 3.88%

NR/NR/NR
US TSY NOTE 04.125 % DUE Aa1/AA+/AA+10/31/29 DTD 10/31/24 FC04/30/25 500,000 500,493.20 100.762
9,687.50

4.65%

4.61% 3,316.80
11/01/2029 10/01/2029 3.13 503,810.00 0.62%

4.41%4.42%
100.00
23,250.00

NR/NR/NR
ONCOR ELEC DELIVERY CO A2/A/A04.650% 110129DTD111324 FC050125CALL@MW+10BP 245,000 244,510.00 100.245
3,534.04

4.05%

4.04% 1,090.25
11/21/2029 3.31 245,600.25 0.30%

3.97%
SALLIE MAE BANK UT US RT 9,922.50 3.97%04.0500% MAT 11/21/29FIXED RATE CD /UT CD
1,000,000 998,380.50 101.606
17,002.67

4.78%

4.71% 17,679.50
11/23/2029 3.27 1,016,060.00 1.25%

4.30%
47,820.00 4.30%

NR/NR/NR
ST STREET BK & TR CO NTS Aa2/AA/AA04.782% 112329DTD112524 FC052325 B/E 245,000 245,000.00 100.411
3,440.07

4.10%

4.08% 1,006.95
11/26/2029 3.32 246,006.95 0.30%

3.98%
STATE BK IL US RT 04.1000% 10,045.00 3.98%MAT 11/26/29 FIXED RATECD /IL 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: April 01, 2026 Page 28 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 ($)/
Unreal. g/l ($)
1,500,000 1,490,677.13 99.984
19,321.77

3.88%

3.88% 9,082.87
11/30/2029 3.35 1,499,760.00 1.84%

3.88%
58,125.00 3.88%

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 99.949
9,797.76

3.88%

3.88% 22,263.24
12/31/2029 3.43 1,016,481.33 1.25%

3.89%
39,408.75 3.89%

NR/NR/NR
US TSY NOTE 03.875 % DUE Aa1/AA+/AA+12/31/29 DTD 12/31/22 FC06/30/23 Total 2029 20,107,000 4.01% 08/11/2029 $805,543.75

4.03%

4.16%4.16%

3.10$19,895,239.81
$113,607.87
$20,008,847.68
$239,847.36

24.61%
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 1,000,004.50 99.935
9,250.00

4.50%

4.50% -654.50
01/17/2030 07/17/2026 3.42 999,350.00 1.23%

4.52%4.52%
100.00
45,000.00

NR/NR/NR
FHLB NTS 04.500 % DUE Aa1/NR/AA+011730 DTD 071725 FC01172026 500,000 499,615.25 101.435
4,733.56

5.01%

4.94% 7,559.75
01/23/2030 01/23/2029 2.58 507,175.00 0.62%

4.46%4.60%
100.00
25,060.00

NR/NR/NR
JPMORGAN CHASE & CO A1/AA-/ANTS 05.012% 012330DTD012324 FC072324CALL@MW+20BP 500,000 464,875.25 93.586
2,125.00

2.55%

2.72% 3,054.75
02/01/2030 11/01/2029 3.58 467,930.00 0.58%

4.39%4.39%
100.00
12,750.00

NR/NR/NR
SOUTHERN CALIF GAS CO Aa3/AA-/A02.550% 020130DTD010920CALL@MW+15BP 245,000 244,938.75 99.746

82.56 4.10%

4.11% -561.05
02/27/2030 04/28/2026 3.61 244,377.70 0.30%

4.17%4.17%
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 92.412
1,875.00

2.25%

2.43% 4,634.75
03/01/2030 12/01/2029 3.68 924,120.00 1.14%

4.38%4.38%
100.00
22,500.00

NR/NR/NR
DTE ELEC CO B/E 02.250% Aa3/A+/A030130 DTD022620CALL@MW+15BP 1,000,000 1,000,004.23 99.813
3,225.00

4.30%

4.31% -1,874.23
03/04/2030 03/04/2027 3.56 998,130.00 1.23%

4.35%4.35%
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: April 01, 2026 Page 29 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 ($)/
Unreal. g/l ($)
500,000 485,050.25 95.850
180.56

3.25%

3.39% -5,800.25
03/27/2030 12/27/2029 3.69 479,250.00 0.59%

4.40%4.40%
100.00
16,250.00

NR/NR/NR
ARCHER DANIELS MIDLAND A2/A/A03.250% 032730DTD032720 FC092720 COCALL@MW+40BP 245,000 245,000.00 99.454

25.84 3.85%

3.87% -1,337.70
03/29/2030 3.67 243,662.30 0.30%

4.00%
CUSTOMERS BANK PA US RT 9,432.50 4.00%03.8500% MAT 03/29/30FIXED RATE CD /PA CD
1,000,000 1,001,212.36 100.615
20,000.00

4.00%

3.98% 4,937.64
04/01/2030 3.60 1,006,150.00 1.24%

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 98.695

49.00 3.65%

3.70% 1,276.84
04/29/2030 3.78 241,802.75 0.30%

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 1,000,004.51 99.807
17,201.11

4.52%

4.53% -1,934.51
05/14/2030 05/14/2026 3.66 998,070.00 1.23%

4.57%4.57%
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 99.398
12,465.66

3.75%

3.77% 7,521.62
05/31/2030 3.78 993,980.00 1.22%

3.91%
37,500.00 3.91%

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 89.361
4,916.67

1.50%

1.68% 4,474.75
06/03/2030 03/03/2030 3.95 893,610.00 1.10%

4.31%4.31%
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 99.982
8,273.95

4.45%

4.45% -44.10
06/27/2030 06/27/2026 0.24 244,955.90 0.30%

4.38%4.45%
100.00
TRUIST BK NC US RT 10,902.5004.4500% MAT 06/27/30FIXED RATE CD /NC CD
245,000 245,000.00 99.972
338.30

4.20%

4.20% -68.60
08/19/2030 04/19/2026 3.99 244,931.40 0.30%

4.21%4.21%
100.00
CENTRAL BK AR US RT 10,290.0004.2000% MAT 08/19/30FIXED RATE CD /AR CD
245,000 245,000.00 99.172
832.33

4.00%

4.03% -2,028.60
08/29/2030 08/29/2027 3.99 242,971.40 0.30%

4.21%4.21%
100.00
MORGAN STANLEY PRI NY 9,800.00US RT 04.0000% MAT08/29/30 FIXED RATE CD /NY CD
750,000 750,005.20 99.061
1,436.25

3.83%

3.87% -7,047.70
09/13/2030 09/13/2027 4.04 742,957.50 0.91%

4.06%4.06%
100.00
28,725.00

NR/NR/NR
FNMA NTS 03.830 % DUE Aa1/NR/AA+091330 DTD 031326 FC09132026Includes 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: April 01, 2026 Page 30 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (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 ($)/
Unreal. g/l ($)
245,000 243,285.00 97.863
4,520.08

3.70%

3.78% -3,520.65
09/30/2030 03/31/2026 3.99 239,764.35 0.29%

4.22%4.22%
100.00
JPMORGAN CHASE BK DE US 9,065.00RT 03.7000% MAT 09/30/30FIXED RATE CD /DE CD
500,000 447,160.25 88.438
4,250.00

1.70%

1.92% -4,970.25
10/01/2030 07/01/2030 4.20 442,190.00 0.54%

4.57%4.57%
100.00
8,500.00

NR/NR/NR
SAN DIEGO G & E B/E A1/A/A01.700% 100130DTD092820 FC040121CALL@MW+20BP 245,000 245,000.00 98.264
4,156.27

3.60%

3.66% -4,253.20
10/10/2030 4.06 240,746.80 0.30%

4.02%
OCEANAIR FED CREDI CA US 8,820.00 4.02%RT 03.6000% MAT 10/10/30FIXED RATE CD /CA CD
245,000 244,877.50 98.869
4,153.25

3.75%

3.79% -2,648.45
10/17/2030 4.07 242,229.05 0.30%

4.02%
FIRST FEDERAL BANK FL US 9,187.50 4.02%RT 03.7500% MAT 10/17/30FIXED RATE CD /FL CD
245,000 244,020.42 98.631
3,817.97

3.60%

3.65% -2,374.47
10/24/2030 4.10 241,645.95 0.30%

3.93%
SYNCHRONY BANK UT US RT 8,820.00 3.93%03.6000% MAT 10/24/30FIXED RATE CD /UT CD
1,000,000 998,849.00 98.719
15,120.86

3.63%

3.67% -11,659.00
10/31/2030 4.12 987,190.00 1.21%

3.93%
36,250.00 3.93%

NR/NR/NR
US TSY NOTE 03.625 % DUE Aa1/AA+/AA+10/31/30 DTD 10/31/25 FC04/30/26 500,000 498,090.25 99.021
8,307.29

4.13%

4.17% -2,985.25
11/06/2030 10/06/2030 4.07 495,105.00 0.61%

4.36%4.36%
100.00
20,625.00

NR/NR/NR
SHELL FIN US INC NTS B/E Aa2/AA-/A+04.125% 110630DTD110625 FC050626CALL@MW+10BP 500,000 497,177.13 98.168
5,817.31

3.50%

3.57% -6,337.13
11/30/2030 4.21 490,840.00 0.60%

3.93%
17,500.00 3.93%

NR/NR/NR
US TSY NOTE 03.500 % DUE Aa1/AA+/AA+11/30/30 DTD 11/30/25 FC05/31/26 1,000,000 998,888.06 99.148
9,323.20

3.75%

3.78% -7,408.06
12/31/2030 4.27 991,480.00 1.22%

3.95%
37,500.00 3.95%

NR/NR/NR
US TSY NOTE 03.750 % DUE Aa1/AA+/AA+12/31/30 DTD 12/31/23 FC06/30/24 Total 2030 15,200,000 3.63% 06/18/2030 $546,665.00

3.68%

4.21%4.20%

3.74$14,878,662.70
$-34,047.60
$14,844,615.10
$146,477.03

18.26%
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: April 01, 2026 Page 31 of 39 Consolidated report prepared for City of Glendora
Bond Holdingsas of March 31, 2026 (continued)Maturing 2031 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 ($)/
Unreal. g/l ($)
500,000 500,157.50 98.250
4,257.50

3.93%

4.00% -8,907.50
01/13/2031 01/13/2028 4.27 491,250.00 0.60%

4.34%4.34%
100.00
19,650.00

NR/NR/NR
FARMER MAC MED TERM NR/NR/NRNTS 03.930 % DUE 011331DTD 011326 FC 07132026 1,000,000 999,755.25 99.209
7,987.50

4.05%

4.08% -7,665.25
01/15/2031 01/15/2027 4.27 992,090.00 1.22%

4.23%4.23%
100.00
40,500.00

NR/NR/NR
FNMA NTS 04.050 % DUE Aa1/AA+/AA+011531 DTD 012026 FC07152026 245,000 245,000.00 98.947
484.63

3.80%

3.84% -2,579.85
02/12/2031 4.43 242,420.15 0.30%

4.04%
MEDALLION BK UT US RT 9,310.00 4.04%03.8000% MAT 02/12/31FIXED RATE CD /UT CD
485,000 485,005.20 98.827
1,293.33

3.84%

3.89% -5,694.25
03/06/2031 03/06/2028 4.43 479,310.95 0.59%

4.10%4.10%
100.00
18,624.00

NR/NR/NR
FHLB BOND 03.840 % DUE Aa1/NR/AA+030631 DTD 030626 FC09062026 1,000,000 999,770.83 98.743
2,604.17

3.75%

3.80% -12,340.83
03/06/2031 03/06/2028 4.44 987,430.00 1.21%

4.03%4.03%
100.00
37,500.00

NR/NR/NR
FNMA NTS 03.750 % DUE Aa1/AA+/AA+030631 DTD 030626 FC09062026 500,000 498,470.25 99.055
1,225.00

4.20%

4.24% -3,195.25
03/10/2031 4.40 495,275.00 0.61%

4.41%
21,000.00 4.41%

NR/NR/NR
JOHN DEERE CAPITAL CORP A1/A+/A04.200% 031031DTD031026 FC091026 NTSB/E 1,000,000 996,167.09 99.216
1,477.78

3.80%

3.83% -4,007.09
03/17/2031 4.47 992,160.00 1.22%

3.98%
38,000.00 3.98%

NR/NR/NR
FARMER MAC MED TERM NR/NR/NRNTS 03.800 % DUE 031731DTD 031726 FC 09172026 Total 2031 4,730,000 3.90% 02/20/2031 $184,584.00

3.94%

4.14%4.14%

4.39 $4,724,326.12
$-44,390.02
$4,679,936.10
$19,329.91

5.76%
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 ($)

4.10%4.09%
09/12/2028 N/A 2.42$81,409,272.34 N/A $81,290,004.59
$-119,267.75
82,161,000

3.12% $600,351.26 Total Bond Portfolio 3.09% $2,534,655.75 100% $81,890,355.85
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: April 01, 2026 Page 32 of 39 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. For accounts in options overlaystrategies, the Mandate amount will be applied to previous day's closing market value when calculatingperformance. The Mandate amount will not be applied to the calculation if the option overlay accountperformance shown in this report aggregated with reporting for assets held in other UBS accounts.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. Any Report created on: April 01, 2026 Page 33 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) benchmark 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, yourportfolio 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 are treated 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 ofall 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.

Report created on: April 01, 2026 Page 34 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) 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 privateinvestment 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:Risk: Options involve risk and are not suitable for everyone. Prior to buying or selling an option investors mustread a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosuredocument (ODD). It explains the characteristics and risks of exchange traded options. The options risk disclosuredocument can be accessed at the following web address: www.optionsclearing.com/about/publications/character-risks.Concentrated Equity Solutions (CES): CES managers are not involved in the selection of the underlying stockpositions. The Manager will advise only on the options selection in order to pursue the strategy in connectionwith the underlying stock position(s) deposited in the account. It is important to keep this in mind when evaluating the manager's performance since the account's performance will include the performance of theunderlying equity position that is not being managed. CES use options to seek to achieve your investmentobjectives regarding your concentration stock position. Options strategies change the potential return profile ofyour stock. In certain scenarios, such as call writing, the call position will limit your ability to participate in anypotential increase in the underlying equity position upon which the call was written. Therefore, in some marketconditions, particularly during periods of significant appreciation of the underlying equity position(s), the CESaccount will decrease the performance that would have been achieved had the stock been held long withoutimplementing the CES strategy.Options Overlay: In order to enroll in an Options Overlay Strategy, you will be required to specify a "Mandate"amount for the Strategy. The Mandate size will determine the market exposure in the strategy. Unlike otheradvisory strategies where your Program Fee is typically determined on the value of eligible assets in an account,billing for the MAC Options Overlay Strategy is based on the selected Mandate amount, which may besignificantly more that the account's asset value.The Mandate amount is a nominal figure which determines the number of option positions a client will have inhis or her account. The mandate amount, and in turn the number of options will determine the nominal, ormarket, exposure that a client has in the strategy. You may view the actual value of your Account in your UBSOnline Services Account and UBS Account Statements. While the actual value of assets in your account willfluctuate over time, your Mandate will be a fixed value established by you in your Manager's InvestmentManagement Agreement. You may increase or decrease the Mandate at any time by providing an updatedsigned copy of this agreement to your Financial Advisor provided that with the new mandate amount, theaccount remains in compliance with UBS policies. UBS FS may lower the Mandate at their discretion to ensurecompliance with UBS policies. If UBS lowers your Mandate, you will receive notice. This practice of billing on theMandate amount will result in higher compensation to UBS FS, your Financial Advisor, and the PortfolioManager than if the Program Fee was based on the value of eligible assets in your MAC Options OverlayStrategy account. Options Overlay accounts may have separate minimums, and are not eligible to be included inthe household when calculating assets for fee calculation purposes. As a result, the pricing of your other assetsmay be higher than if these assets were eligible to be included.There is no assurance that the performance of your advisory accounts will exceed the Program Fees and anymargin interest that might be incurred if the strategy is maintaining a debit. In evaluating the performancestatistics of your advisory accounts, you should consider that the interest expense incurred for margin loans willincrease the fees to be applied to your account and reduce the overall performance of your advisory accounts.As a result, the interest expense must be deducted from the overall returns in order to determine the actual netperformance of your accounts. You should note that the percentage return reported on your QuarterlyPerformance Report will NOT have been reduced by the amount of the interest expense paid and, accordingly,actual percentage return will be lower than the reported percentage return.Cash-settled index options do not relate to a particular number of shares. Rather, the underlying instrument ofan index option is usually the value of the underlying index of stocks times a multiplier, which is generally $100.Purchasing an index option does not give the investor the right to purchase or sell all of the stocks that arecontained in the underlying index. Because an index is simply an intangible, representative number, you mightview the purchase of an index option as buying a value that changes over time as market sentiment and pricesfluctuate. Selling options involves a high degree of risk and is not suitable for all investors. Suitabilityrequirements include financial sophistication and the ability to withstand losses.Portfolio: For purposes of this report "portfolio" is defined as all of the accounts presented on the cover page Report created on: April 01, 2026 Page 35 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) or 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 isincreased 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 conservative investor 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.

Report created on: April 01, 2026 Page 36 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) 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.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 more rating 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 assume Report created on: April 01, 2026 Page 37 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) the 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.Estimated Value (Continuous Funds): Estimated Value is based on the latest valuation received from the fundcompany and includes post valuation reinvested dividends. This is not a Market Value.Estimated Value (Drawdown Funds): Estimated Value is based on the latest valuation received from the fundcompany and includes post valuation contributions less post valuation distributions. This is not a Market Value.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.

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.

Report created on: April 01, 2026 Page 38 of 39
Disclosures Applicable to Accounts at UBS Financial Services Inc. (continued) 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 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: April 01, 2026 Page 39 of 39

STAFF REPORT
TO: Mayor and Council Members DATE: April 28, 2026
FROM: Finance DISTRICT(S): Citywide
SUBJECT: Consider Amendment No. 3 with Lance Soll & Lunghard LLP for Financial Accounting and Consulting Services

RECOMMENDATION
That the City Council:

1. Approve Amendment No. 3 with Lance Soll & Lunghard LLP for Financial Accounting and Consulting Services to increase the total contract amount from $350,000 to $570,000 and extend the Term.

STRATEGIC FOCUS AREAS
Goal 2: Maintain Financial Stability and Sustainability (MFSS)

EXECUTIVE SUMMARY
The City entered into an agreement with Lance Soll & Lunghard, LLP (LSL) in November 2023 to provide financial accounting and consulting services. Since that time, a combination of staffing changes and increased operational demands has required expanded consultant support.

Key staff departures, vacancies, and employee leaves created sustained capacity gaps that were further compounded by the implementation of Tyler ERP, which required significant staff time for coordination, testing, and roll-out, as well as ongoing workload demands.

As a result, the City has continued to rely on LSL to maintain continuity of operations and meet service levels.

Amendment No. 3 will increase the total contract sum to $570,000 to align with current expenditures and anticipated needs through the remainder of Fiscal Year 2026.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
November 15, 2023 – City Manager approved the original agreement with LSL in the amount of $45,000.

April 9, 2024 – City Council approved Amendment No. 1, increasing the contract amount to $100,000 and extending the agreement term from one year to two years, with a one-year extension option.

May 13, 2025 – City Council approved Amendment No. 2, increasing the contract amount to $350,000.

DISCUSSION
Since approval of Amendment No. 2, the City has continued to experience staffing vacancies and leaves while also managing major operational efforts, including the implementation of Tyler ERP modules. These factors have significantly impacted internal capacity and increased reliance on consultant support. LSL CPAs has continued to assist with addressing outstanding audit tasks including the implementation of new auditing standards and assisting in reconciling the legacy financial system to the new financial systems (specifically in the area of the bank reconciliations). These short-term investments, have been budgeted, and will allow for staffing efficiencies and better service capacity to the public once the work is completed.

To date, total expenditures under the Agreement are approximately $482,857, with average monthly invoices of approximately $19,000.

Amendment No. 3 will increase the contract amount to $570,000, allowing for the continuation of services through the remainder of Fiscal Year 2026. Consultant support remains necessary to maintain operational continuity while the City addresses staffing levels and ongoing workload demands.

FISCAL IMPACT
The proposed Amendment No. 3 will increase the total contract amount to $570,000. Sufficient budget is available from staffing vacancies and in the Capital Projects Fund 301 and Water Capital Projects Fund 502 within the Citywide ERP Project. Supplementing staff with consulting services is an ideal short term solution for addressing large projects with elevated workload. Their services will no longer be needed as of June 30, 2026, with the full implementation of financial software (final Finance module went live June of 2025 and the Permits module went live in July of 2025).

ENVIRONMENTAL DETERMINATION
There are no CEQA impacts associated with the recommendations in this report.

Prepared By: Desiree Valdivia, Office Coordinator
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: Danny Aleshire, City Attorney
CEQA Review: Not Applicable
Attachments
A. Original Agreement - effective 11.15.2023
B. Amendment No. 1 - effective 04.09.2024
C. Amendment No. 2 - effective 05.13.2025
D. Amendment No. 3

CITY OF GLENDORA

CONTRACT SERVICES AGREEMENT FOR

ACCOUNTING AND CONSULTING SERVICES
THIS CONTRACT SERVICES AGREEMENT (herein “Agreement”) is made and entered into this 15th day of November, 2023, by and between the CITY OF GLENDORA, a California municipal corporation (“City”) and LANCE, SOLL & LUNGHARD, LLP (“LSL CPAS”, “LSL”) a California Corporation (herein “Consultant”).

NOW, THEREFORE, the parties hereto agree as follows:

1. SERVICES OF CONSULTANT

1.1 Scope of Services. In compliance with all of the terms and conditions of this Agreement, the Consultant shall perform the work or services set forth in the “Scope of Services” attached hereto as Exhibit “A” and incorporated herein by reference. Consultant warrants that it has the experience and ability to perform all work and services required hereunder and that it shall diligently perform such work and services in a professional and satisfactory manner.

1.2 Compliance With Law. All work and services rendered hereunder shall be provided in accordance with all ordinances, resolutions, statutes, rules, and regulations of the City and any Federal, State or local governmental agency of competent jurisdiction.

1.3 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.

1.4 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 the Agreement.

1.5 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.

2. COMPENSATION

2.1 Contract Sum. For the services rendered pursuant to this Agreement, Consultant shall be compensated in accordance with the “Schedule of Compensation” attached hereto as Exhibit “C” and incorporated herein by this reference, but not exceeding the maximum contract amount of $45,000 (Forty-Five Thousand Dollars) (“Contract Sum”).

2.2 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 is certifying compliance with all provisions of the Agreement. The invoice shall contain all information specified in Exhibit “C”, and shall detail charges for all necessary and actual expenses DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Agreement – LSL CPAs (Accounting & Consulting Services) 2 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, City will use its best efforts to cause Consultant to be paid within forty five (45) days of receipt 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 the City of any invoice provided by the Consultant shall not constitute a waiver of any rights or remedies provided herein or any applicable law.

2.3 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 to the Consultant, incorporating therein any adjustment in (i) the Contract Sum for the actual cost 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 but not exceeding a total contract amount of Fifty Thousand Dollars ($50,000) or in the time to perform of up to ninety (90) days may be approved by the City Manager. Any greater increases than Fifty Thousand Dollars ($50,000), taken either separately or cumulatively, must be approved by the City Council. No claim for an increase in the Contract Sum or time for performance shall be valid unless the procedures established in this Section are followed.

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 thirty (30) 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 DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Agreement – LSL CPAs (Accounting & Consulting Services) 3 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 the Agreement pursuant to this Section.

3.4 Term & Extended 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 one (1) year from the date hereof, except as otherwise provided in the Schedule of Performance (Exhibit “D”). The City Manager may, at his/her sole discretion, extend the Term for one (1) additional one-year term upon giving written notice thereof not later than thirty (30) day’s prior to the expiration of the Term.

4. COORDINATION OF WORK

4.1 Representative of Consultant. Kelly Telford, CPA is hereby designated as being the representative of Consultant authorized to act on its behalf with respect to the work and services specified herein and make all decisions in connection therewith. All personnel of Consultant and any authorized agents shall be under the exclusive direction of the representative of Consultant.

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, and shall keep City informed of any changes.

4.2 Contract Officer. Finance Director or such person as may be designated by the City Manager, is hereby designated as being the representative the City authorized to act in its behalf with respect to the work and services specified herein and to make all decisions in connection therewith (“Contract Officer”).

4.3 Prohibition Against Subcontracting or Assignment. Consultant shall not contract with any entity to perform in whole or in part the work or services required hereunder without the express written approval of the City. Neither this Agreement nor any interest herein may be assigned or transferred, voluntarily or by operation of law, without the prior written approval of City. Any such prohibited assignment or transfer shall be void.

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. Consultant shall perform all services required herein as an independent contractor of City 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, or that it is a member of a joint enterprise with City.

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 own 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 DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Agreement – LSL CPAs (Accounting & Consulting Services) 4 injury, personal injury, and property damage. 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 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. (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 noncontributory 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.

DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Agreement – LSL CPAs (Accounting & Consulting Services) 5 (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.
(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 noncompliance 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 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 of in writing.

DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Agreement – LSL CPAs (Accounting & Consulting Services) 6 (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 project who is brought onto or involved in the project 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 project will be submitted to City for review. (n) Agency’s right to revise specifications. The City reserves the right at any time during the term of the contract 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) Self-insured retentions. Any self-insured retentions must be declared to and approved by City. City reserves the right to require that self-insured retentions be eliminated, lowered, or replaced by a deductible. Self-insurance will not be considered to comply with these specifications unless approved by City.
(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, 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, except claims or liabilities occurring as a result of City’s sole negligence or willful acts or omissions. The indemnity obligation shall be binding on successors and assigns of Consultant and shall survive termination of this Agreement.

6. RECORDS, REPORTS, AND RELEASE OF INFORMATION
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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 and shall keep such records for a period of three years following completion of the services hereunder. 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.

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 or as the Contract Officer shall require.

6.3 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 to Consultant. Consultant shall not release or disclose any such information or work product to persons or entities other than the City without prior written authorization from the Contract Officer.
(b) Consultant 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 the City notice of such court order or subpoena. (c) If Consultant provides any information or work product in violation of this Agreement, then the 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 the City should Consultant 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 thereunder. The 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 the City and to provide the City with the opportunity to review any response to discovery requests provided by Consultant.

6.4 Ownership of Documents. All studies, surveys, data, notes, computer files, reports, records, drawings, specifications, maps, designs, photographs, documents and other materials (the “documents and materials”) prepared by Consultant in the performance of this Agreement shall be the property of the City and shall be delivered to the 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 the City of its full rights of ownership use, reuse, or assignment of the documents and materials hereunder. 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.

7. ENFORCEMENT OF AGREEMENT AND TERMINATION
DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Agreement – LSL CPAs (Accounting & Consulting Services) 8

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. 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, if circumstances warrant. 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. If Consultant does not cure the default, the City may take necessary steps to terminate this Agreement under this Article.

7.3 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 any legal action under this Agreement.

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.

7.4 Termination Prior to Expiration of Term. This Section shall govern any termination of this Contract except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Contract 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 Contract 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 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. 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, but not exceeding the compensation provided therefore in the Schedule of Compensation Exhibit “C”. 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.

7.5 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 DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Agreement – LSL CPAs (Accounting & Consulting Services) 9 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.

8. MISCELLANEOUS

8.1 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 ensure 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

8.2 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.

8.3 Notice. 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.

8.4 Integration; Amendment. 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. This Agreement may be amended at any time by the mutual consent of the parties by an instrument in writing.

8.5 Severability. In the event that part of 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 portions 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.

8.6 Waiver. No delay or omission in the exercise of any right or remedy by non-defaulting party on any default shall impair such right or remedy or be construed as a waiver. A party’s consent to or approval of any act by the other party requiring the party’s consent or approval shall not be deemed to waive or render unnecessary the other party’s consent to or approval of any subsequent act.

DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Agreement – LSL CPAs (Accounting & Consulting Services) 10 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.

8.7 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 any be granted, whether legal or equitable, shall be entitled to reasonable attorney’s fees, whether or not the matter proceeds to judgment.

8.8 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.

8.9 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.

8.10 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 ___________________
Kelly Telford, CPA
Corporate 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) the 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.
[Signatures On The Following Page]
DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Agreement – LSL CPAs (Accounting & Consulting Services) 11 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
William W. Wynder
City Attorney
Kyle Johnson
Finance Director/City Treasurer
ATTEST:

Kathleen R. Sessman
City Clerk/Communications Director
CONTRACTOR:

LANCE, SOLL, & LUNGHARD, LLP (“LSL CPAs”,
“LSL”)
Name: Kelly Telford, CPA
Title: Partner, Government Services
Email Address: [email protected]
Two corporate officer signatures required when Contractor 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.

CONTRACTOR’S SIGNATURES SHALL BE DULY NOTARIZED UNLESS EXECUTED UTILIZING DOCUSIGN. IN ADDITION, THE

APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR’S BUSINESS ENTITY.

DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E Nov 17, 2023 | 7:19 PM PST
Nov 18, 2023 | 10:01 PM PST
01240.0001/535307.1 A-1
EXHIBIT “A”

SCOPE OF SERVICES
I. Consultant will perform the following services:
a. General finance department and accounting work including but not limited to the following:
i. Auditing Services of Capital Assets, Analytics, ACFR review, Cash Analysis, GASB 96 review
ii. General coordination and completion.
iii. Tyler Software implementation
iv. Capital Assets, AP (Vendor Master/Check Invoice History), AR (New Customers/Related open invoices).EUT Agendas, Task Owners v. Monthly CIP Report: Cleanup Overbudgets and prepare carry-forward considering encumbrances.
vi. Budget Preparation: Assist in preparing Mid-Year budget and 2nd year of budget including instructions and OpenGov updates.
vii. Review of Master Fee Schedule
viii. Misc. Accounting tasks such as Bank Reconciliations, Journal Entries, Budget Transfers, and Budget Adjustment review
ix. Availability of Funds Review for Contracts
DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E 01240.0001/535307.1 B-1
EXHIBIT “B”

SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)
Added text is indicated in bold italics, deleted text is indicated in strikethrough. [THIS PAGE INTENTIONALLY LEFT BLANK]
DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E C-1
01240.0001/535307.1
EXHIBIT “C”

SCHEDULE OF COMPENSATION
I. The total compensation for the Services shall not exceed the Contract Sum as provided in Section 2.1 of this Agreement and the same shall be paid in accordance with Section 2.2 of this Agreement.

DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E D-1
01240.0001/535307.1
EXHIBIT “D”

SCHEDULE OF PERFORMANCE
I. Consultant shall perform all services timely in accordance with the following schedule:

Tasks will be continuous, on-going and as directed by City’s Contract Officer.

II. Consultant shall deliver the following tangible work products to the City by the following dates.

A. Letter to the City Council regarding compliance with Article XIIIB of the California Constitution, by no later than December 31st.

B. Management Letter that includes any non-reportable comments or recommendations resulting from Consultant's review of the systems of internal controls in connection with the financial audits, by no later than December 31st.

C. City’s Comprehensive Annual Financial Report (Annual Report), by no later than December 31st
III. The Contract Officer may approve extensions for performance of the services in accordance with Section 3.2.

DocuSign Envelope ID: 9F17296B-F23D-43DB-B681-D25D10B2345E 01240.0001/973063.1
AMENDMENT NO. 1

TO CONTRACT SERVICES AGREEMENT FOR ACCOUNTING AND CONSULTING

SERVICES

THIS AMENDMENT TO THE CONTRACT SERVICES AGREEMENT FOR
ACCOUNTING AND CONSULTANT SERVICES (“Amendment No. 1”) by and between the CITY OF GLENDORA (“City”) and LANCE, SOLL & LUNGHARD, LLP, a California corporation (“Consultant”) is effective as of the 9
th day of April, 2024.

RECITALS
A. City and Consultant entered into that certain Contract Services Agreement for Accounting and Consulting Services, dated November 15, 2023 (“Agreement”).

B. City and Consultant now desire to amend the Agreement to adjust the compensation due to the Consultant under the Agreement and to extend the term of the Agreement.

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 of the Agreement is amended as provided below (deleted text is indicated in strikethrough and added text in bold italics). “2.1 Contract Sum. For the services rendered pursuant to this Agreement, Consultant shall be compensated in accordance with the “Schedule of Compensation” attached hereto as Exhibit “C” and incorporated herein by this reference, but not exceeding the maximum contract amount of $100,000 (One hundred thousand dollars) $45,000 (Forty-Five Thousand Dollars) (“Contract Sum”).”
b. Section 3.4 of the of the Agreement is amended as provided below (deleted text is indicated in strikethrough and added text in bold italics). “3.4 Term and Extended Term. Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect until the completion of the services but not exceeding one (1) year two (2) years from the date hereof, except as otherwise provided in the Schedule of Performance (Exhibit “D”) (“Term”). The City Manager may, at his/her sole discretion, extend the Term for one (1) additional one-year term upon giving written notice thereof not later than thirty (30) days prior to the expiration of the Term.”

2. Continuing Effect of Agreement. Except as amended by this Amendment No. 1, the provisions of the Agreement shall remain unchanged and in full force and effect. From and after the date of this Amendment No. 1, whenever the term “Agreement” appears in the Agreement, it shall mean the Agreement, as amended by this Amendment No. 1 to the Agreement.

DocuSign Envelope ID: C6856C12-AA5F-4CC4-90AF-0139FF636B05 01240.0001/973063.1

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 No. 1 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 No. 1, 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 No. 1.

5. Authority. The persons executing this Amendment No. 1 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 No. 1 on behalf of said party, (iii) by so executing this Amendment No. 1, such party is formally bound to the provisions of this Amendment No. 1, and (iv) the entering into this Amendment No. 1 does not violate any provision of any other agreement to which said party is bound.

6. Counterparts. This Amendment No. 1 may be executed in counterparts, each of which shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument. Delivery of a signed counterpart in electronic form (i.e., PDF) by email shall constitute good and sufficient delivery. The parties are aware that the other party will rely on the telecopied, .pdf or other electronically delivered signatures, and hereby wave any defenses to the enforcement of the terms of this Amendment No. 1 based on the form of signature. [SIGNATURES ON FOLLOWING PAGE]
DocuSign Envelope ID: C6856C12-AA5F-4CC4-90AF-0139FF636B05 01240.0001/973063.1
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 1 to be effective as of 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:

LANCE, SOLL & LUNGHARD, LLP
Name: Kelly Telford, CPA
Title: Partner, Government Services
Email Address: [email protected]
Two corporate officer signatures required when Contractor 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, AND APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS MAY BE REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR OTHER RULES OR REGULATIONS APPLICABLE TO CONSULTANT’S BUSINESS ENTITY.

DocuSign Envelope ID: C6856C12-AA5F-4CC4-90AF-0139FF636B05 Apr 2, 2024 | 10:12 AM PDT
Apr 10, 2024 | 12:57 PM PDT
01240.0001/1015820.1
AMENDMENT NO. 2

TO CONTRACT SERVICES AGREEMENT
THIS AMENDMENT NO. 2 TO CONTRACT SERVICES AGREEMENT
(“Amendment”) is made by and between the CITY OF GLENDORA (“City”) and LANCE, SOLL & LUNGHARD, LLP, a limited liability partnership(“Consultant) effective as of the _____ day of __________, 2025.

RECITALS
A. City and Consultant entered into that certain Contract Services Agreement dated November 15, 2023 (“Original Agreement”) whereby Consultant agreed to provide certain accounting and consulting services. The Original Agreement was subsequently amended pursuant to that certain Amendment No. 1 to Contract Services Agreement, dated April 9, 2024, by and between City and Consultant (“First Amendment”) (as so amended, the “Agreement”).

B. City and Consultant now desire to amend the Agreement to adjust the compensation due to the Consultant under the Agreement.

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 of the Agreement is amended as provided below. “2.1 Contract Sum. For the services rendered pursuant to this Agreement, Consultant shall be compensated in accordance with the “Schedule of Compensation” attached hereto as Exhibit “C” and incorporated herein by this reference, but not exceeding the maximum contract amount of $350,000 (Three hundred fifty thousand dollars)$100,000 (One hundred thousand dollars) (“Contract Sum”).”

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 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.

Docusign Envelope ID: FADF7276-12D5-4A8E-B06F-AAC09CE4537D 13th May
Amendment No. 2 – LSL (Accounting & Consulting Svcs) 05.13.2025 -2- 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]
Docusign Envelope ID: FADF7276-12D5-4A8E-B06F-AAC09CE4537D Amendment No. 2 – LSL (Accounting & Consulting Svcs) 05.13.2025 -3- 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:

LANCE, SOLL & LUNGHARD, LLP
Name: Kelly Telford, CPA
Title: Partner, Government Services
Email Address: [email protected]
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 Docusign Envelope ID: FADF7276-12D5-4A8E-B06F-AAC09CE4537D Apr 29, 2025 | 9:05 AM PDT
May 14, 2025 | 11:51 AM PDT
Amendment No. 3 – LSL (Accounting & Consulting Svcs) 04.28.2026 01240.0001 2110828.1 3/27/2026 AMENDMENT NO. 3

TO CONTRACT SERVICES AGREEMENT
THIS AMENDMENT NO. 3 TO CONTRACT SERVICES AGREEMENT
(“Amendment”) is made by and between the CITY OF GLENDORA (“City”) and LANCE, SOLL & LUNGHARD, LLP, a California limited liability partnership (“Consultant”) effective as of the ____ day of _______, 2026.

RECITALS
A. City and Consultant entered into that certain Contract Services Agreement dated November 15, 2023 (“Original Agreement”), which was subsequently amended pursuant to that certain Amendment No. 1, dated April 9, 2024, and that certain Amendment No. 2, dated May 13, 2025 (as so amended, the “Agreement”), whereby Consultant agreed to provide certain accounting and consulting services.

B. City and Consultant now desire to amend the Agreement to increase the Contract Sum and extend the Term of the Agreement.

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 of the Agreement is hereby amended as follows:
“2.1 Contract Sum. For the services rendered pursuant to this Agreement, Consultant shall be compensated in accordance with the “Schedule of Compensation” attached here to as Exhibit “C” and incorporated herein by this reference, but not exceeding the maximum contract amount of $570,000 (Five Hundred Seventy Thousand Dollars) $350,000 (Three hundred fifty thousand dollars) (Contract Sum).”
b. Section 3.4 of the Agreement is hereby amended as follows:
“3.4 Term & Extended 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 two (2) years from the date hereof, except as otherwise provided in the Schedule of Performance June 30, 2026 (Exhibit “D”) (“Term”). The City manager may, at his/her sole discretion extend the Term for one (1) additional one-year term upon giving written notice thereof not later than thirty (30) day’s prior to the expiration of the Term.”

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 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.

Docusign Envelope ID: 3DF7F651-F636-896B-8350-3E163ABA73DC Amendment No. 3 – LSL (Accounting & Consulting Svcs) 04.28.2026 01240.0001 2110828.1 3/27/2026

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]
Docusign Envelope ID: 3DF7F651-F636-896B-8350-3E163ABA73DC Amendment No. 3 – LSL (Accounting & Consulting Svcs) 04.28.2026 01240.0001 2110828.1 3/27/2026 IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date and year first-above written.

CITY:

CITY OF GLENDORA, a California 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:

LANCE, SOLL & LUNGHARD, LLP, a California
limited liability partnership
Name: Kelly Telford, CPA
Title: Partner, Government Services
Email Address: [email protected]
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: 3DF7F651-F636-896B-8350-3E163ABA73DC Apr 2, 2026 | 1:29 PM PDT

STAFF REPORT
TO: Mayor and Council Members DATE: April 28, 2026
FROM: Police Department DISTRICT(S): Citywide
SUBJECT: Annual Presentation on Military Equipment Policy and Use Report (AB 481)

RECOMMENDATION
That the City Council:

1. Receive and file report.

STRATEGIC FOCUS AREAS
Not applicable

EXECUTIVE SUMMARY
Pursuant to Assembly Bill 481 and Government Code §7072, the Glendora Police Department is required to provide the City Council an annual update as to the military equipment purchased and/or used for the preceding calendar year. In addition, any upcoming purchases of military equipment must be made public, along with the funding source for those purchases. The law requires the Military Equipment Use Policy and annual use report be publicly posted on the law enforcement agency website and a public meeting be held within 30 days to allow for public comment relating to the purchase, use, maintenance cost, and complaints generated as a result of the use of military equipment.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
On September 30, 2021, Governor Newsom signed Assembly Bill 481 into law. Effective January 1, 2022, all California law enforcement agencies were required to, on a yearly basis, make publicly available, information about what types of military equipment was possessed by that respective law enforcement agency. On May 11, 2022, the Glendora City Council enacted Urgency Ordinance 2068, which adopted the Glendora Police Military Equipment Policy and Inventory List, which complied with the requirements of Assembly Bill 481.

DISCUSSION
With the passage of Assembly Bill 481 on September 30, 2021, the purchase, use and funding of certain military equipment was made accessible to the public so that meaningful public input could be sought relative to the purchase, use and funding of that equipment. The Glendora Police Department’s Military Equipment Policy, as adopted by Urgency Ordinance #2068, complies with Assembly Bill 481 and the provisions of Government Code §7070 as follows:

The military equipment identified in the Policy is necessary because there is no reasonable alternative that can achieve the same objective of officer and civilian safety.

The proposed Policy will safeguard the public’s welfare, safety, civil rights, and civil liberties.

If the Police Department purchases military equipment pursuant to the Policy, the equipment is reasonably cost effective compared to any available alternative that can achieve the same objective of officer and civilian safety.

Military Equipment obtained prior to the introduction of the law met the policy that was in effect at the time. If prior uses do not comply with the accompanying Military Equipment Use Policy, corrective action will be taken to remedy nonconforming use and ensure future compliance.

In accordance with the requirements of Assembly Bill 481, and Government Code §7072, the following legislative requirements must be made publicly available:

1. How the military equipment was used and the purpose for its use.

2. A summary of complaints received as a result of the use of military equipment possessed by the law enforcement agency.

3. The results of any internal audits relating to military equipment, including any information about violations of the military equipment use policy and actions taken in response.

4. The total annual cost for each type of military equipment, including acquisition, personnel, training, transportation, maintenance, storage, upgrades, and other ongoing costs, and from what source funds will be provided for the military equipment in the calendar year following submission of the annual military equipment report.

5. The quantity of each type of military equipment possessed.

6. Any intention to acquire additional military equipment in the upcoming calendar year and the type of equipment sought.

All of the Military Equipment used in the prior year was used by specially equipped and trained members of the Glendora Police Department and was used during 28 different police trainings. In addition, military equipment described in Glendora Police Department Policy 706 was used on nine (9) occasions during calendar year 2025 to bring high risk incidents to a successful and peaceful resolution.

There are three different avenues for community members to submit complaints related to the use of military equipment:

1. Via email at cityofglendora.gov

2. In writing to: Military Equipment Use Coordinator, 150 S. Glendora Avenue, Glendora, CA 91741

3. By telephone to: 626-914-8250.

There were no complaints submitted for calendar year 2025.

An internal audit was conducted in accordance with established policy and no violations of policy were found to have occurred.

The total annual costs for acquisition, maintenance and other ongoing costs of the Department’s existing military equipment are listed in the attached Military Equipment Policy. The funding source for the military equipment is obtained from the General Fund and from Citizen’s Options for Public Safety (COPS) funds.

The quantity of each piece of military equipment possessed by the Glendora Police Department is described in the attached Military Equipment Policy.

It is anticipated that additional ammunition for specified rifles, designated as military equipment, as well as chemical agents and light/sound diversionary devices, will be purchased during the 2026 calendar year. The purchase of ammunition, chemical agents and light/sound diversionary devices is an ongoing cost associated with training.

The Military Equipment Policy is publicly available on the website. The associated documents in support of the agenda items were publicly posted to comply with the Brown Act, in anticipation of the Council meeting on April 28, 2026.

FISCAL IMPACT
The fiscal impact of acquiring and maintaining the military equipment possessed by the Glendora Police Department is already included in the annual operating budget. The cost of maintenance and acquisition of replacement equipment amounts to approximately $20,000 per year.

ENVIRONMENTAL DETERMINATION
There are no CEQA impacts associated with the recommendations in this report.

Prepared By: Christopher Stabio, Police Captain
Concurs With: Not Applicable
Reviewed By: Michael Randazzo, Chief of Police
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. Glendora_PD_Policy_Manual_policy_Military_Equipment.pdf B. Section 7072.pdf
C. Ordinance 2068 - Urgency Adopting Military Equipment Use Policy (Adopted 05.10.2022) w cert.pdf D_AB481_2025.pdf
Glendora PD Policy Manual
Law Enforcement
Published with permission by Glendora PD
Copyright Lexipol, LLC 2026/04/20, All Rights Reserved. 706
Policy
Military Equipment
706.1 PURPOSE AND SCOPE
The purpose of this policy is to provide guidelines for the approval, acquisition, and reporting requirements of military equipment (Government Code § 7070; Government Code § 7071; Government Code § 7072). 706.1.1 DEFINITIONS
Definitions related to this policy include (Government Code § 7070):

Governing body – The elected or appointed body that oversees the Department.

Military equipment – Includes but is not limited to the following:
706.2 POLICY
• Unmanned, remotely piloted, powered aerial or ground vehicles. • Mine-resistant ambush-protected (MRAP) vehicles or armored personnel carriers. • High mobility multipurpose wheeled vehicles (HMMWV), two-and-one-half-ton trucks, five-ton trucks, or wheeled vehicles that have a breaching or entry apparatus attached. • Tracked armored vehicles that provide ballistic protection to their occupants. • Command and control vehicles that are either built or modified to facilitate the operational control and direction of public safety units.
• Weaponized aircraft, vessels, or vehicles of any kind. • Battering rams, slugs, and breaching apparatuses that are explosive in nature. This does not include a handheld, one-person ram.
• Firearms and ammunition of_.50 caliber or greater, excluding standard-issue shotguns and standard-issue shotgun ammunition.
• Specialized firearms and ammunition of less than_.50 caliber, including firearms and accessories identified as assault weapons in Penal Code § 30510 and Penal Code § 30515, with the exception of standard-issue firearms.
• Any firearm or firearm accessory that is designed to launch explosive projectiles. • Noise-flash diversionary devices and explosive breaching tools. • Munitions containing tear gas or OC, excluding standard, service-issued handheld pepper spray. • Area denial electroshock devices, microwave weapons, water cannons, long-range acoustic devices (LRADs), acoustic hailing devices, and sound cannons.
• Kinetic energy weapons and munitions.
• Any other equipment as determined by a governing body or a state agency to require additional oversight.

Military Equipment - 1
Glendora PD Policy Manual
Law Enforcement
Published with permission by Glendora PD
Copyright Lexipol, LLC 2026/04/20, All Rights Reserved.

Military Equipment
a.
b.
c.
d.
e.

1. 2.
f.
g.

1. a.
b.
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2. 3.

4. 5.

It is the policy of the Glendora Police Department that members of this department comply with the provisions of Government Code § 7071 with respect to military equipment. 706.3 MILITARY EQUIPMENT COORDINATOR
The Captain or authorized designee will act as the Military Equipment Coordinator. The responsibilities of the Military Equipment Coordinator include but are not limited to:

To act as a liaison to the City Council for matters related to the requirements of this policy.

To identify department equipment that qualifies as military equipment in the current possession of the Department, or the equipment the Department intends to acquire that requires approval by the City Council.

To conduct an inventory of all military equipment annually.

To collaborate with allied agencies that may use military equipment within the jurisdiction of Glendora Police Department (Government Code § 7071).

To prepare, schedule, and coordinate an annual community engagement meeting to include:

Publicizing the details of the meeting.

Preparing for public questions regarding the department's funding, acquisition, and use of equipment.

To prepare an annual Military Equipment Report for submission to the Chief of Police and City Council and to ensure the report is made available on the department website (Government Code § 7072).

To establish a procedure for a community member to submit complaints, concerns or questions about the use of military equipment, and the Department's response to those concerns(See Section 706.6). 706.4 MILITARY EQUIPMENT INVENTORY
The following constitutes a list of qualifying equipment for the Department:
706.4.1 RECON SCOUT
Unmanned machine operating on the ground utilized to enhance the safety of the community and officers.

Description, quantity, capabilities, and purchase cost:

Description: Unmanned machine is operated on the ground and is designed to provide audio and visual information while searching an area, typically inside a building, before entry is made by officers.

Quantity: One (1)
Capabilities: This machine operates on two wheels and is controlled remotely by an operator who receives a live audio/video feed from the robot.

Cost: The Recon Scout was purchased in 2014 for $14,100 Purpose: The Recon Scout is used to provide tactical operators information about the structure, layout, and potential hazards of an area that has yet to be searched for subjects or suspects.

Authorized Use: The Recon Scout may be used by operators during a tactical situation if it is determined that the use of this equipment might increase the safety to law enforcement personnel, any subjects or suspects encountered, or the community.

Expected Lifespan: Approximately 10-15 years, depending on the availability of replacement parts and/or maintenance.

Fiscal Impact: Annual maintenance and battery replacement cost is approximately $200.

Military Equipment - 2
Glendora PD Policy Manual
Law Enforcement
Published with permission by Glendora PD
Copyright Lexipol, LLC 2026/04/20, All Rights Reserved.

Military Equipment

6. 7.

1. a.
b.
c.
d.

2. 3.

4. 5.

6. 7.

1. a.
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Training: All Recon Scout operators will undergo training, provided by the S.W.A.T. team, and must demonstrate proficiency prior to using this equipment.

Legal and Procedural Rules: The Recon Scout will only be deployed for official law enforcement purposes. Any deployment will comply with applicable State and Federal laws. 706.4.2 40 MM SINGLE LAUNCHER
Department members utilize 40 MM launchers as a less lethal tool to launch impact rounds or chemical munitions as necessary and appropriate.

Description, quantity, capabilities, and purchase cost:

Description: 40 MM launchers are used by department members as a less lethal tool to launch direct impact munitions as well as chemical munitions. The 40 MM single launcher weighs approximately

3.5 lbs., and has a 14" barrel.

Quantity: One (4)
Capabilities: The Defense Technology 40 MM single launcher is designed to launch direct fired less lethal impact munitions, and/or chemical munitions. Three additional 40MM launchers were purchased from Penn Arms in 2025.

Cost: The Defense Technology single launcher was purchased circa 2003 at a cost of approximately $1500. The cost of the Penn Arms 40MM launchers purchased in 2025 were $1,177 each.

Purpose: The Defense Technology 40 MM single launcher is used to launch less lethal impact munitions as a force option. It is also designed to launch chemical munitions as a force option. The Penn Arms 40MM launchers serve the same purpose and have the same capabilities as the single 40MM launcher purchased from Defense Technologies.

Authorized Use: Only members who have completed an approved training are permitted to deploy this equipment.

Expected Life Span: 25 years.

Fiscal Impact: Annual maintenance is estimated to be less than $50.

Training: All members who deploy the 40 MM single launcher shall complete a two-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

Legal and Procedural Rules: The 40 MM single launcher will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws. 706.4.3 40 MM MULTI LAUNCHER
Department personnel utilize 40 MM launchers as a less lethal tool to launch impact rounds and/or chemical munitions.

Description, quantity, capabilities, and purchase cost:

Description: 40 MM launchers are used by department members as a less lethal tool to launch direct impact munitions as well as chemical munitions. The 40 MM multi launcher's model number is PGL65-40.

Quantity: One (1)
Military Equipment - 3
Glendora PD Policy Manual
Law Enforcement
Published with permission by Glendora PD
Copyright Lexipol, LLC 2026/04/20, All Rights Reserved.

Military Equipment
c.
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2. 3.

4. 5.

6. 7.

1. a.
b.
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2. a.
b.
c.
d.
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3. a.
b.

Capabilities: The 40 MM multi launcher is a pump-action magazine drum launcher with a six-shot capacity with a rifled barrel.

Cost: The Penn Arms 40 MM multi launcher was purchased circa 2008 at a cost of approximately $3500.

Purpose: The Penn Arms 40 MM multi launcher is used to launch less lethal impact munitions as a force option. It is also designed to launch chemical munitions as a force option.

Authorized Use: Only members who have completed an approved training are permitted to deploy this equipment.

Expected Life Span: 25 years.

Fiscal Impact: Annual maintenance is estimated to be less than $50.

Training: All members who deploy the 40 MM multi launcher shall complete a two-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

Legal and Procedural Rules: The 40 MM multi launcher will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws. 706.4.4 40 MM MUNITIONS
Descriptions, quantities, capabilities, purchase costs, and purposes:

Description: Defense Technology 40 MM eXact iMpact Sponge Round; CTS Foam Baton Round.

Quantity: 36- eXact iMpact; 64- CTS Foam Baton
Capabilities: The 40 MM eXact iMpact round is intended to be a direct fired munition fired with a maximum effective range of 131 feet/150 feet, with a velocity of 345 feet per second. The CTS Foam Baton is intended to be a direct fired munition with a maximum effective range of 150 feet and a velocity of 240-260 feet per second.

Cost: $31.20 each/$25.81 respectively.

Purpose: The Defense Technology eXact iMpact round and the CTS Foam baton are intended to be used as an extended range impact weapon.

Descriptions, quantities, capabilities, purchase costs, and purposes:

Description: 40 MM CS (Chlorobenzylidenemalononitrile) Ferret round Quantity: 6
Capabilities: The 40 MM ferret round is intended to allow for the deployment of powder CS within an effective range of 54 yards. This is a non-burning round, suitable for indoor use. It is designed to penetrate barriers such as windows, hollow core doors, wallboards, and thin plywood. Upon impacting the barrier, the nose cone ruptures and delivers 2.3 grams of CS.

Cost: $29.35 each
Purpose: The 40 MM CS Ferret is intended to dislodge barricaded individuals. Its purpose is to minimize the risks to all parties through pain compliance, temporary discomfort and/or incapacitation of potentially violent or dangerous subjects.

Descriptions, quantities, capabilities, purchase costs, and purposes:

Description: 40 MM Spede-Heat Short Range CS (Cholorbenzylidenemalononitrile) Quantity: 6
Military Equipment - 4
Glendora PD Policy Manual
Law Enforcement
Published with permission by Glendora PD
Copyright Lexipol, LLC 2026/04/20, All Rights Reserved.

Military Equipment
c.
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e.

4. 5.

6. 7.

8. 1.

1. 2.

3. 4.

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1. 2.

3. 4.

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4. 5.

Capabilities: The 40 MM short range, Spede-Heat is intended to allow for the deployment of CS in an outdoor environment by the use of a 40 MM single or 40 MM multi-launcher. It delivers 25.2 grams of CS and has fire producing capability.

Cost: $29.65 each
Purpose: The 40 MM Spede-Heat Short Range CS round is primarily used as a crowd control management tool by law enforcement and corrections and allows for the rapid deployment of chemical agents using a 40 MM launcher.

Authorized Use: Only members who have completed an approved training are permitted to deploy these munitions.

Expected Life Span: Until used, though not longer than five years from the date of manufacture.

Fiscal Impact: None
Training: All members who use 40 MM munitions shall complete a two-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

Legal and Procedural Rules: 40 MM munitions will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Policy 300 and applicable laws. 706.4.5 CHEMICAL AGENT CANISTERS
Descriptions, quantities, capabilities, purchase costs, and purposes:

Description: Defense Technology Spede-Heat Pyrotechnic Canister CS (Chlorobenzylidenemalononitrile)
Quantity: 6
Capabilities: The Spede-Heat canister is a continuous discharge pyrotechnic chemical agent grenade that contains 81.2 grams of CS and has a discharge time between 20-40 seconds.

Cost: $39.15 each
Purpose: The Spede-Heat canister is designed primarily for crowd control purposes and, when not used with a shielding device, such as a "Burn Safe," it is intended for outdoor use.

Descriptions, quantities, capabilities, purchase costs, and purposes:

Description: Defense Technology Pocket Tactical CS (Chlorobenzylidenemalononitrile) Cannister Quantity: 6
Capabilities: The Pocket Tactical canister is a continuous discharge pyrotechnic chemical agent grenade that contains 25.2 grams of CS and has a discharge time between 20-40 seconds.

Cost: $31.75 each
Purpose: The Pocket Tactical canister is designed for use by a tactical team for distraction, concealment, rescue, or signaling. The Pocket Tactical can be used in conjunction with smoke canisters to "piggyback" chemical agent into a predominately smoke environment. Unless used in conjunction with a shielding agent, such as a "Burn Safe" the Pocket Tactical is designed for outdoor use.

Authorized Use: Only members who have completed an approved training are permitted to deploy this equipment.

Expected Life Span: Until used, though not longer than five years from the date of manufacture.

Fiscal Impact: None
Military Equipment - 5
Glendora PD Policy Manual
Law Enforcement
Published with permission by Glendora PD
Copyright Lexipol, LLC 2026/04/20, All Rights Reserved.

Military Equipment

6. 7.

1. 1.

2. 3.

4. 5.

2. 3.

4. 5.

6. 1.

1. 2.

3. 4.

5. 2.

3. 4.

5. All members who use chemical agent canisters shall complete a two-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

Legal and Procedural Rules: Chemical agent canisters will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws.

Descriptions, quantities, capabilities, purchase costs, and purposes:

Description: Defense Technology Riot Control CS (Chlorobenzylidenemalononitrile) Quantity: 6
Capabilities: The riot control canister is a continuous discharge pyrotechnic chemical agent grenade that contains 77 grams of CS and has a discharge time between 20-40 seconds.

Cost: $33.75 each
Purpose: The Riot Control canister is designed primarily for crowd control purposes.

Authorized Use: Only members who have completed an approved training are permitted to deploy this equipment.

Expected Life Span: Until used, though not longer than five years from the date of manufacture.

Fiscal Impact: None
All members who use chemical agent canisters shall complete a two-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

Legal and Procedural Rules: Chemical agent canisters will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws.

Descriptions, quantities, capabilities, purchase costs, and purposes:

Description: Defense Technology Oleoresin Capsicum (OC) Vapor Canister Quantity: 6
Capabilities: The OC vapor canister is designed to deliver a high concentration of Oleoresin Capsicum in vapor form, used specifically in confined areas.

Cost: $56.80 each
Purpose: The OC Vapor canister is designed for barricade situations where the use of a pyrotechnic, powder or liquid is not practical or desirable.

Authorized Use: Only members who have completed an approved training are permitted to deploy this equipment.

Expected Life Span: Until used, though not longer than five years from the date of manufacture.

Fiscal Impact: None
All members who use chemical agent canisters shall complete a two-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

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Legal and Procedural Rules: Chemical agent canisters will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws.

Descriptions, quantities, capabilities, ;purchase costs, and purposes:

Description: Defense Technology Tri-Chamber Flameless Oleoresin Capsicum (OC) Vapor Canister Quantity: 6
Capabilities: The Tri-Chamber Flameless canister expels 20 grams of CS (Chlorobenzylidenemalononitrile) OC vapor canister is designed to deliver a high concentration of Oleoresin in approximately 20 seconds. Capsicum in vapor form, used specifically in confined areas.

Cost: $45.95 each
Purpose: The Tri-Chamber flameless OC Vapor canister is designed for use in barricade situations with a reduced fire risk. This device can be used with a shielding canister (burn safe) but is not required for barricade situations where the use of a pyrotechnic, powder or liquid is not practical or desirable.

Authorized Use: Only members who have completed an approved training are permitted to deploy this equipment.

Expected Life Span: Until used, though not longer than five years from the date of manufacture.

Fiscal Impact: None.

All members who use chemical agent canisters shall complete a two-hour course of training, to included a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

Legal and Procedural Rules: Chemical agent canisters will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws. 706.4.6 DISTRACTION DEVICES
Descriptions, quantities, capabilities, purchase costs, purposes, and expected life spans:

Defense Technology Low Roll Distraction Device - Re-loadable Body and Charge:

Description: A distraction device is used to distract a dangerous suspect during high-risk situations, including, but not limited to hostage rescues, search warrant service or other high-risk activities where the risk can be mitigated by the use of a distraction device. The distraction device is composed of a reloadable body and a charge. The body can be used a maximum of 25 times, the charge is a single-use item.

Quantity: 10
Capabilities: The Defense Technology Low Roll Distraction Device is a multi-use, re-loadable, nonbursting, non-fragmenting device that provides a brilliant light and loud sound.

Cost: $100 each
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2. Purpose: The Defense Technology Low Roll distraction Device is used to distract a dangerous suspect during high-risk situations, including but not limited to, hostage rescues, the service of a high-risk search warrant or other high-risk activities where it is necessary to distract/disorient an individual.

Expected Life Span: The re-loadable body can be used 25 times before it is discarded. Lifespan depends on frequency of use.

Defense Technology Low Roll Distraction Device 12 Gram Reload:

Description: Defense Technology Low Roll Distraction Device 12 Gram Reload. the reload for this device is designed to be inserted into the distraction device body and is a single-use item.

Quantity: 11
Capabilities: The Defense Technology Low Roll Distraction Device 12 Gram Reload is designed to be used in conjunction with the Low Roll Distraction Device Body and will produce a brilliant light and loud sound and is used to distract, or momentarily disorient potentially dangerous suspects.

Cost: $44.85 each
Purpose: The Defense Technology Low Roll Distraction Device 12 Gram Reload is used to distract a dangerous suspect during high-risk situations, including but not limited to, hostage rescues, the service of a high-risk search warrant or other high-risk activities where it is necessary to distract/disorient an individual.

Expected Life Span: This is a single use item.

Authorized Use: Only members who have completed an approved training are permitted to deploy this equipment.

Fiscal Impact: None
Training: All members who use these distraction devices shall complete a 2-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

Legal and Procedural Rules: These distraction devices will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws. 706.4.7 RIFLES
Description, Quantity. Capabilities, and Purchase Cost:

Description: Colt M4 .223 caliber carbine, capable of automatic and semi-automatic fire, or semiautomatic only. Firearm that is fired from the shoulder, having a long spiral grooved barrel to make projectiles spin, thereby being more accurate over a greater distance.

Quantity: 49
Capabilities: To provide precision fire to a threat at greater accuracy and greater distances than that of a handgun.

Cost: $750
Description: Speer Gold Dot LE .223 caliber 55 grain soft tip ammunition. Ammunition specifically designed to be used with the Colt M4 .223 caliber rifle.

Quantity: 15,000 rounds
Cost: $309for 500 rounds
Purpose: The purpose of the Colt M4 carbine is to provide accurate shot placement against a threat over a long distance. It is also for use against individuals who are wearing ballistic body armor.

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Military Equipment

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Authorized Use: Only members who have completed an approved training are permitted to deploy this equipment.

Expected Life Span: 10-15 years, depending on severity of use.

Fiscal Impact: Annual maintenance cost is estimated at $50 per rifle.

Training: All members who deploy the Colt M4 carbine will attend and pass a POST Certified Training Course, taught by a POST Certified Rifle Instructor. The training includes a written and a practical application test. In addition, members who operate the rifle must qualify annually.

Legal and Procedural Rules: The Colt M4 .223 caliber carbine shall only be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws. The deployment of the rifle shall also be in compliance with Glendora Police Department Policy 416.6. 706.4.8 MOBILE COMMAND POST VEHICLE
Description, quantity, capabilities, and purchase cost:

Description: Freightliner Chassis (custom built) vehicle.

Quantity: One (1)
Capabilities: The Mobile Command Post can be utilized for Foothills Special Enforcement Team (F.S.

E.T.) operations and other critical incidents, preplanned large events, DUI checkpoints, natural disasters, and community events.

Purchase cost: Approximately $150,000, funded by a California Office of Traffic Safety (O.T.S.) Grant.

Purpose: To be used based on the specific circumstances of a given F.S.E.T. operation, critical incident, large event, DUI checkpoint, natural disaster, or community event that is taking place.

Authorized Use: The Mobile Command Post shall be used by members trained in its use.

Expected Lifespan: Twenty-year lifespan on chassis and vehicle structure. Upgrades as needed to ensure updated and properly maintained IT systems.

Fiscal Impact: Annual maintenance is approximately $5,000 Training: The driver/operator shall receive training in the safe handling of the vehicle. A Class C California Driver License is required to drive the vehicle. Driver/operators will also receive training in the proper set-up and break down of the Mobile Command Post when deployed for events and operations.

Legal and Procedural Rules: The Mobile Command Post vehicle shall only be used for official law enforcement purposes. The driver/operator shall be in compliance with Glendora Police Department Policy 704.
706.4.9 ARMORED RESCUE VEHICLE
Description, quantity, capabilities, and purchase cost:

Description: IAG Sentinel ARV, built on a 2022 Ford F550 chassis Quantity: One (1)
Capabilities: Armor rated up to.50 caliber rounds. Entire cabin and undercarriage is blast resistant. Offroad, heavy-duty adaptive suspension ensuring excellent handling both on and off road. Additional ground clearance: critical in disaster relief scenarios, or rugged environments where other vehicles cannot pass.

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Military Equipment
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2. Cost; $340,000. Obtained through COPS funds (Citizens Options for Public Safety). COPS was created in 1996 via California State Legislation AB3229. These funds are distributed through the California Supplemental Law Enforcement Services Fund (SLESF). SLESF funds are grant funds and the enabling legislation mandates each municipality will receive funds annually to be spent on "frontline law enforcement services." Purpose: The Sentinel is a four-door, four-wheel drive armored rescue vehicle that is purpose built for critical incidents and rescue scenarios.

Authorized Use: The use of armored vehicles is based on the specific circumstances of a given critical incident. Armored vehicles shall only be used by members trained in its use.

Expected Lifespan: Twenty-five (25) years
Fiscal Impact: Annual maintenance is estimated between $500 - $5000.

Training: THe driver/operator shall receive training in the safe handling of the vehicle. A Class C California Driver License is required to drive the vehicle.

Legal and Procedural Rules: The IAG Sentinel ARV shall only be used for official law enforcement purposes.

The driver/operator shall be in compliance with Glendora Police Department Policy 704. 706.4.10 SMALL UNARMED AIRCRAFT SYSTEMS (SUAS)
DJI Mavic Enterprise 3T
Description, quantity, capabilities, and purchase cost:

Description: DJI Mavic Enterprise 3T, small unmanned aerial system Quantity: One (1)
Capabilities: Compact and portable; 45-min Max Flight Time; 56x Hybrid Zoom; 640x512 px Thermal Camera; DJI O3 Enterprise Transmission; Centimeter-level Positioning with RTK Cost: $6500
Purpose: To enhance the Department's Mission of protecting lives and property. The sUAS can support first responders in any hazardous incident which would benefit from an aerial perspective. These uses could include search and rescue, barricaded suspects and high-risk tactical operations, disaster response, and video photographic documentation of crime scenes.

Authorized Use: Department personnel may operate the sUAS if they are a certified Remote Pilot. The authorized use of sUAS is governed in the Glendora Police Department Police Manual Section 606.

Expected Lifespan: 5 years
Fiscal Impact: Annual maintenance is estimated at approximately $800 Training: Only those members who have completed Remote Pilot Certification from the Federal Aviation Administration (part 107) are authorized to operate the Department's sUAS.

Legal and Procedural Rules: The DJI Mavic Enterprise 3T shall only be used for official law enforcement purposes. The pilot/operator shall be in compliance with Glendora Police Department Policy 606.

DJI Matrice 30T
Description, quantity, capabilities, and purchase cost:

Description: DJI Matrice 30T, small unmanned aerial system Quantity: One (1)
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Capabilities: Compact and portable; 41-min Max Flight Time; 48 MP; 5x-16x Optical Zoom; 200x Max Hybrid Zoom; 640x512 px Thermal Camera; Laser Range Finder 3M - 1200M; Centimeter-level Positioning with RTK; Added Optional High Volume Loudspeaker; Added Optional External Light Source.

Cost: $13,990
Purpose: To enhance the Department's Mission of protecting lives and property. The sUAS can support first responders in any hazardous incident which would benefit from an aerial perspective. These uses could include search and rescue, barricaded suspects and high-risk tactical operations, disaster response, and video photographic documentation of crime scenes.

Authorized Use: Department personnel may operrate the sUAS if they are a certified Remote Pilot. The authorized use of sUAS is governed in the Glendora Police Department Police Manual Section 606.

Expected Lifespan: 5 years
Fiscal Impact: Annual maintenance is estimated at approximatley $1500 Training: Only those members who have completed Remote Pilot Certification from the Federal Aviation Administration (Part 107) are authorized to operate the Department's sUAS.

Legal and Procedural Rules: The DJI Matrice 30T shall only be used for official law enforcement purposes.

The pilot/operator shall be in compliance with Glendora Police Department Policy 606.

DJI Avata II
Description, quantity, capabilities, and purchase cost:

Description: DJI Avata II, small unmanned aerial system Quantity: One (1)
Capabilities: Compact and portable; 25-min Max Flight Time; 1 MPS; Binocular Fish Eye Visual Positioning System, added external light source.

Cost: $1,500
Purpose: To enhance the Department's Mission of protecting lives and property. The sUAS can support first responders in any hazardous incident which would benefit from an aerial perspective. This sUAS is designed to operate inside of buildings for the purpose of locating individuals who are avoiding discovery by law enforcement.

Authorized Use: Department personnel may operate the sUAS if they are a certified Remote Pilot operating in the national airspace. The authorized use of sUAS is governed in the Glendora Police Department Police Manual Section 606.

Expected Lifespan: 5 years
Fiscal Impact: Annual maintenance is estimated at approximately $100 Training: Only those members who have completed Remote Pilot Certification from the Federal Aviation Administration (Part 107) are authorized to operate the Department's sUAS in the national airspace.

Legal and Procedural Rules: The DJI Avata II shall only be used for official law enforcement purposes. The pilot/operator shall be in compliance with Glendora Police Department Policy 606. 706.5 APPROVAL
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3. The Chief of Police or the authorized designee shall obtain approval from the City Council by way of an ordinance adopting the military equipment policy. As part of the approval process, the Chief of Police or the authorized designee shall ensure the proposed military equipment policy is submitted to the City Council and is available on the department website at least 30 days prior to any public hearing concerning the military equipment at issue (Government Code § 7071). The military equipment policy must be approved by the City Council prior to engaging in any of the following (Government Code § 7071):

Requesting military equipment made available pursuant to 10 USC § 2576a.

Seeking funds for military equipment, including but not limited to applying for a grant, soliciting or accepting private, local, state, or federal funds, in-kind donations, or other donations or transfers.

Acquiring military equipment either permanently or temporarily, including by borrowing or leasing.

Collaborating with another law enforcement agency in the deployment or other use of military equipment within the jurisdiction of this department.

Using any new or existing military equipment for a purpose, in a manner, or by a person not previously approved by the governing body.

Soliciting or responding to a proposal for, or entering into an agreement with, any other person or entity to seek funds for, apply to receive, acquire, use, or collaborate in the use of military equipment.

Acquiring military equipment through any means not provided above. 706.6 COMPLIANCE
Department members are bound to adhere to this policy, in addition to state and local laws and ordinances when employing the use of military equipment at any time. Violations of the law or this policy may result in criminal or administrative investigations and/or actions.

Members of the public may register complaints or submit questions or concerns about the use of each type of military equipment in this policy by any of the following means:

Via email through the City of Glendora website (cityofglendora.gov) . Under DEPARTMENTS, select "Contact Glendora Police."
Via telephone to: (626) 914-8250
Via mail to: Glendora Police Department, Attn: Military Equipment Use Coordinator, 150 S Glendora Ave, Glendora, CA 91741
The Glendora Police Department is committed to responding to complaints, concerns, and questions received through any of the above methods in a timely manner.
706.7 COORDINATION WITH OTHER JURISDICTIONS
Military equipment used by any member of this Department shall be approved for use and in accordance with this policy. Military equipment used by other jurisdictions that are providing mutual aid to this Department or operating in conjunction in a law enforcement capacity with this Department, shall comply with their respective military equipment use policies in rendering mutual aid or in conducting their law enforcement activities.

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Military Equipment
706.8 ANNUAL REPORT
Upon approval of a military equipment policy, the Chief of Police or the authorized designee should submit a military equipment report to the governing body for each type of military equipment approved within one year of approval, and annually thereafter for as long as the military equipment is available for use (Government Code § 7072).

The Chief of Police or the authorized designee should also make each annual military equipment report publicly available on the department website for as long as the military equipment is available for use. The report shall include all information required by Government Code § 7072 for the preceding calendar year for each type of military equipment in department inventory.
706.9 COMMUNITY ENGAGEMENT
Within 30 days of submitting and publicly releasing the annual report, the Department shall hold at least one wellpublicized and conveniently located community engagement meeting, at which the Department should discuss the report and respond to public questions regarding the funding, acquisition, or use of military equipment.

Military Equipment - 13
Section 7072 - Annual military equipment report
(a) A law enforcement agency that receives approval for a military equipment use policy pursuant to Section 7071 shall submit to the governing body an annual military equipment report for each type of military equipment approved by the governing body within one year of approval, and annually thereafter for as long as the military equipment is available for use. The law enforcement agency shall also make each annual military equipment report required by this section publicly available on its internet website for as long as the military equipment is available for use. The annual military equipment report shall, at a minimum, include the following information for the immediately preceding calendar year for each type of military equipment:
(1) A summary of how the military equipment was used and the purpose of its use. (2) A summary of any complaints or concerns received concerning the military equipment.
(3) The results of any internal audits, any information about violations of the military equipment use policy, and any actions taken in response. (4) The total annual cost for each type of military equipment, including acquisition, personnel, training, transportation, maintenance, storage, upgrade, and other ongoing costs, and from what source funds will be provided for the military equipment in the calendar year following submission of the annual military equipment report. (5) The quantity possessed for each type of military equipment. (6) If the law enforcement agency intends to acquire additional military equipment in the next year, the quantity sought for each type of military equipment. (b) Within 30 days of submitting and publicly releasing an annual military equipment report pursuant to this section, the law enforcement agency shall hold at least one well-publicized and conveniently located community engagement meeting, at which the general public may discuss and ask questions regarding the annual military equipment report and the law enforcement agency's funding, acquisition, or use of military equipment.

Ca. Gov. Code § 7072
Added by Stats 2021 ch 406 (AB 481),s 2, eff. 1/1/2022.

URGENCY ORDINANCE NO. 2068

AN URGENCY ORDINANCE ADOPTING A MILITARY EQUIPMENT

USE POLICY CONSISTENT WITH THE REQUIREMENTS OF
ASSEMBLY BILL NO. 481

THE CITY COUNCIL
City of Glendora, California
WHEREAS, On September 30, 2021, Governor Gavin Newsom signed into law Assembly Bill No. 481 (“AB 481”), relating to the use of military equipment by law enforcement agencies and which requires law enforcement agencies to adopt a military equipment use policy (“Policy”) prior to taking certain actions relating to the funding, acquisition, or use of military equipment as defined by the law; and
WHEREAS, AB 481, codified at Government Code §§ 7070 through 7075, requires law enforcement agencies to obtain approval of the applicable governing body, by an ordinance adopting a “military equipment” use policy, at a regular meeting held pursuant to open meeting laws, prior to taking certain actions relating to the funding, acquisition, or use of military equipment. The term “military equipment” is defined in Government Code § 7070; and WHEREAS, AB 481 requires adoption of the Policy by City Council before the law enforcement agency can take action to request military equipment as defined by the statute; seek funds (such as grants or in-kind donations) for acquiring military equipment; actually acquire military equipment, either permanently or temporarily by owning, borrowing, or leasing; collaborate with other law enforcement agencies to deploy or use military equipment in the agency’s territorial jurisdiction; use new or existing military equipment in a manner not previously subject to AB 481 scope; solicit or respond to a proposal for, or enter into an agreement with, any person or entity to seek funds for, apply for, acquire, use, or collaborate in using military equipment; or to acquire military equipment through any other means not specifically detailed in the statute; and
WHEREAS, AB 481 allows the governing body of a city to approve the funding, acquisition, or use of defined military equipment within its jurisdiction only if it makes specified determinations; and
WHEREAS, the proposed Policy is found within Glendora Police Department (”GPD”) Policy No. 706 (Exhibit “A”); and
WHEREAS, the proposed Policy No. 706 was published on the GPD internet website on April 6, 2022. The same was presented to City Council on May 10, 2022, and WHEREAS, this ordinance and GPD Policy No. 706 (Exhibit “A” attached hereto) and the “Glendora Police Department Military Equipment Inventory List” (Exhibit “B” attached hereto) meets the requirements of Government Code §§ 7070(d) and 7071(a)(1); and WHEREAS, once adopted, the Policy will be made publicly available on the Police Department’s website for as long as the covered military equipment is available for use; and DocuSign Envelope ID: B635029C-F95B-4FB5-8C91-162FFEC28BFE Urgency Ordinance 2068 Page 2 of 4
WHEREAS, in accordance with AB 481, the Policy is being agendized as an open session item at a regular meeting of the City Council, and public comment on the item will be allowed in accordance with the Brown Act; and
WHEREAS, this Ordinance shall be reviewed by the City Council at least annually, and based on an annual military equipment report that will be submitted to the City Council pursuant to AB 481, the City Council shall determine whether each type of military equipment identified in the report has complied with the standards for continued approval.

NOW, THEREFORE, the CITY COUNCIL of the CITY OF GLENDORA does ordain as follows:

SECTION 1. DETERMINATIONS. The foregoing recitals are true and correct and incorporated herein by this reference. Based on the foregoing recitals, in addition to information provided to the City Council at the public meeting to consider the same, the City Council determines as follows:

1. The military equipment identified in GPD Policy No. 706, and the attached “Glendora Police Department Military Equipment Inventory List” (collectively, the “Policy”), are necessary, because there are no reasonable alternatives that can achieve the same objectives of officer and civilian safety.

2. The Policy will safeguard the public’s welfare, safety, civil rights, and civil liberties.

3. The military equipment identified in the Policy are reasonably cost effective compared to available alternatives that can achieve the same objective of officer and civilian safety.

4. Prior military equipment use complied with the military equipment use policy that was in effect at the time, or if prior uses did not comply with the accompanying military equipment use policy, corrective action has been taken to remedy nonconforming uses and ensure future compliance.

5. Therefore, the City Council hereby approves and adopts the attached Glendora Police Military Equipment Use Policy No. 706 (Exhibit “A”), and attached “Military Equipment Inventory List” (Exhibit “B”).

SECTION 2. URGENCY FINDINGS. The City Council finds and declares this ordinance to be an urgency measure, to take effect immediately upon its adoption, pursuant to Government Code § 36937(b). The facts constituting the emergency are as follows:

On September 30, 2021, Governor Gavin Newsom signed into law AB 481, relating to the use of “military equipment” by law enforcement agencies.

AB 481 requires a law enforcement agency to obtain approval from the applicable governing body, via adoption of a “military equipment” use policy by ordinance, prior to the agency funding, acquiring, or using military equipment.

DocuSign Envelope ID: B635029C-F95B-4FB5-8C91-162FFEC28BFE Urgency Ordinance 2068 Page 3 of 4
The GPD has been diligently preparing the “military equipment” use policy and attached “Military Equipment Inventory List” since AB 481 was signed into law.

Nevertheless, given the extensive requirements and notice provisions in the law, which includes mandatory publication of the proposed policy 30-days prior to public hearing, the policy and ordinance could not be made ready for hearing in time to accommodate the 30-day delay in effectiveness of the ordinance.

Because this ordinance did not become effective prior to January 1, 2022, the City may be prohibited from using “military equipment”, as the term is defined in Government Code § 7070, until the ordinance becomes effective.

Such a delay would curtail the GPD’s ability to use less-lethal tools, and hinder the effectiveness of GPD in preventing and addressing crime in the City, which in turn, would put the health, safety, and welfare of citizens at increased risk.

SECTION 3. SEVERABILITY If any section, subsection, sentence, clause or phrase of this Ordinance is for any reason held invalid by a court of competent jurisdiction, such a decision shall not affect the validity of the remaining portions of this Ordinance. The City Council declares that it would have passed this Ordinance and each section, subsection, sentence, clause, or phrase thereof, irrespective of the fact that one or more sections, subsections, sentences, clauses, or phrases, be declared invalid.

SECTION 4. CEQA The City Council finds that this Ordinance is not subject to the California Environmental Quality Act (“CEQA”) pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly.

SECTION 5. EFFECTIVE DATE This ordinance is hereby declared to be an urgency measure and shall become effective immediately upon adoption by at least a fourfifths (4/5) vote of the City Council pursuant to Government Code § 36937(b).

SECTION 6. CERTIFICATION The City Clerk shall certify as to the passage and adoption of this ordinance, and the City Clerk shall cause the same to be posted and codified in the manner required by law.

PASSED, APPROVED and ADOPTED this 10th day of May, 2022.

City Council of Glendora, California
BY:

KAREN K. DAVIS
Mayor
DocuSign Envelope ID: B635029C-F95B-4FB5-8C91-162FFEC28BFE Urgency Ordinance 2068 Page 4 of 4
APPROVED AS TO FORM:

Aleshire & Wynder, LLP
WILLIAM W. WYNDER
City Attorney

CERTIFICATION
I, Kathleen R. Sessman, City Clerk/Communications Director of the City of Glendora, California, do hereby certify that the foregoing Urgency Ordinance was duly approved and adopted at a Regular Meeting of the City Council on the 10th day of May, 2022, by the following roll call vote:

AYES: COUNCIL MEMBERS: Allawos, Fredendall, Thompson, Boyer, Davis.

NOES: COUNCIL MEMBERS: None.

ABSENT: COUNCIL MEMBERS: None.

ABSTAIN: COUNCIL MEMBERS: None.

Dated: May 11, 2022
KATHLEEN R. SESSMAN
City Clerk/Communications Director
DocuSign Envelope ID: B635029C-F95B-4FB5-8C91-162FFEC28BFE Jul 11, 2022 | 1:57 PM PDT
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Published with permission by Glendora Police Department Military Equipment - 1
Glendora Police Department
Glendora PD Policy Manual
Military Equipment
706.1 PURPOSE AND SCOPE
The purpose of this policy is to provide guidelines for the approval, acquisition, and reporting requirements of military equipment (Government Code § 7070; Government Code § 7071; Government Code § 7072).
706.1.1 DEFINITIONS
Definitions related to this policy include (Government Code § 7070):

Governing body – City of Glendora City Council.

Military equipment – Includes but is not limited to the following:
• Unmanned, remotely piloted, powered aerial or ground vehicles. • Mine-resistant ambush-protected (MRAP) vehicles or armored personnel carriers. • High mobility multipurpose wheeled vehicles (HMMWV), two-and-one-half-ton trucks, fiveton trucks, or wheeled vehicles that have a breaching or entry apparatus attached. • Tracked armored vehicles that provide ballistic protection to their occupants. • Command and control vehicles that are either built or modified to facilitate the operational control and direction of public safety units.
• Weaponized aircraft, vessels, or vehicles of any kind. • Battering rams, slugs, and breaching apparatuses that are explosive in nature. This does not include a handheld, one-person ram.
• Firearms and ammunition of .50 caliber or greater, excluding standard-issue shotguns and standard-issue shotgun ammunition.
• Specialized firearms and ammunition of less than .50 caliber, including firearms and accessories identified as assault weapons in Penal Code § 30510 and Penal Code § 30515, with the exception of standard-issue firearms.
• Any firearm or firearm accessory that is designed to launch explosive projectiles. • Noise-flash diversionary devices and explosive breaching tools. • Munitions containing tear gas or OC, excluding standard, service-issued handheld pepper spray.
• TASER® Shockwave, microwave weapons, water cannons, and long-range acoustic devices (LRADs).
• Kinetic energy weapons and munitions.
• Any other equipment as determined by a governing body or a state agency to require additional oversight.

Policy
706
Exhibit A
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• Notwithstanding the previous 15 bullet-points, "military equipment" does not include general equipment not designated as prohibited or controlled by the Federal Defense Logistics Agency (DLA).
706.2 POLICY
It is the policy of the Glendora Police Department that members of this department comply with the provisions of Government Code § 7071 with respect to military equipment. 706.3 MILITARY EQUIPMENT COORDINATOR
The Captain or authorized designee will act as the Military Equipment Coordinator. The responsibilities of the Military Equipment Coordinator include but are not limited to:
(a) Acting as liaison to the City Council for matters related to the requirements of this policy. (b) Identifying department equipment that qualifies as military equipment in the current possession of the Department, or the equipment the Department intends to acquire that requires approval by the City Council..
(c) Conducting an inventory of all military equipment at least annually. (d) Collaborating with any allied agency that may use military equipment within the jurisdiction of Glendora Police Department (Government Code § 7071). (e) Preparing for, scheduling, and coordinating the annual community engagement meeting to include:

1. Publicizing the details of the meeting.

2. Preparing for public questions regarding the department's funding, acquisition, and use of equipment.
(f) Preparing the annual military equipment report for submission to the Chief of Police and City Council and ensuring that the report is made available on the department website (Government Code § 7072).
(g) Establishing the procedure for a person to register a complaint or concern, or how that person may submit a question about the use of a type of military equipment, and how the Department will respond in a timely manner (See Section 706.6 below). 706.4 MILITARY EQUIPMENT INVENTORY
The following constitutes a list of qualifying equipment for the Department:
706.4.1 RECON SCOUT
Unmanned machine operating on the ground utilized to enhance the safety of the community and officers.

A. Description, quantity, capabilities, and purchase cost:

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1. Description: Unmanned machine is operated on the ground and is designed to provide audio and visual information while searching an area, typically inside a building, before entry is made by officers

2. Quantity: One (1)

3. Capabilities: This machine operates on two wheels and is controlled remotely by an operator who receives a live audio/video feed from the robot.

4. Cost: The Recon Scout was purchased in 2014 for $14,100 B. Purpose: The Recon Scout is used to provide tactical operators information about the structure, layout, and potential hazards of an area that has yet to be searched for subjects or suspects.

C. Authorized Use: The Recon Scout may be used by operators during a tactical situation if it is determined that the use of this equipment might increase the safety to law enforcement personnel, any subjects or suspects encountered, or the community.

D. Expected Lifespan: Approximately 10-15 years, depending on the availability of replacement parts and/or maintenance.

E. Fiscal Impact: Annual maintenance and battery replacement cost is approximately $200.

F. Training: All Recon Scout operators will undergo training, provided by the S.W.A.T. team, and must demonstrate proficiency prior to using this equipment.

G. Legal and Procedural Rules: The Recon Scout will only be deployed for official law enforcement purposes. Any deployment will comply with applicable State and Federal laws. 706.4.2 40 MM SINGLE LAUNCHER
40 MM launchers are utilized by Department personnel as a less lethal tool to launch impact rounds.

A. Description, quantity, capabilities, and purchase cost:

1. Description:40 MM launchers are used by department members as a less lethal tool to launch direct impact munitions as well as chemical munitions. The 40 MM single launcher weighs approximately 3.5 lbs., with a 14" barrel.

2. Quantity: One (1)

3. Capabilities: The Defense Technology 40 MM single launcher is designed to launch direct fired less lethal impact munitions.

4. Cost: The Defense Technology single launcher was purchased circa 2003 at a cost of approximately $1500.

B. Purpose: The Defense Technology 40 MM single launcher is used to launch less lethal impact munitions as a use of force option. It is also designed to launch chemical munitions as a use of force option.

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C. Authorized Use: Only officers who have completed an approved training are permitted to deploy this equipment.

D. Expected Life Span:25 years.

E. Fiscal Impact: Annual maintenance is estimated to be less than $50.

F. Training: All officers who deploy the 40 MM single launcher shall complete a two- hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification takes place annually.

G. Legal and Procedural Rules: The 40 MM single launcher will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department policy 300 and applicable laws.
706.4.3 3 40 MM MULTI LAUNCHER
40 MM launchers are utilized by Department personnel as a less lethal tool to launch impact rounds.

A. Description, quantity, capabilities, and purchase cost:

1. Description: 40 MM launchers are used by department members as a less lethal tool to launch direct impactmunitions as well as chemical munitions.The 40MM multi launcher launcher's model number is PGL65-40.

2. Quantity: One (1)

3. Capabilities: The 40 MM multi launcher is a pump-action magazine drum launcher with a six-shot capacity with a rifled barrel.

4. Cost: The Penn Arms 40 MM multi launcher was purchased circa 2008 at a cost of approximately $3500.

B. Purpose: The Penn Arms 40 MM multi launcher is used to launch less lethal impact munitions as a use of force option. It is also designed to launch chemical munitions as a use of force option.

C. Authorized Use: Only officers who have completed an approved training are permitted to deploy this equipment.

D. Expected Life Span:25 years.

E. Fiscal Impact: Annual maintenance is estimated to be less than $50.

F. Training: All officers who deploy the 40 MM multi launcher shall complete a two- hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification takes place annually.

G. Legal and Procedural Rules: The 40 MM multi launcher will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws.
706.4.4 4 40 MM MUNITIONS
A. Descriptions, quantities, capabilities, purchase costs, and purposes:

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1. Description: Defense Technology 40 MM eXact iMpact Sponge Round.

2. Quantity:22

3. Capabilities: The 40 MM eXact iMpact round is intended to be a direct fired munition fired with a minimum safe range of five feet and a maximum effective range of 131 feet, with a velocity of 345 feet per second.

4. Cost:$28.65 each

5. Purpose: The Defense Technology eXact iMpact round is intended to be used as an extended range impact weapon.

6. Description:40 MM CS (Chlorobenzylidenemalononitrile) Ferret round

7. Quantity:10

8. Capabilities: The 40 MM ferret round is intended to allow for the deployment of powder CS within an effective range of 54 yards. This is a non-burning round, suitable for indoor use. It is designed to penetrate barriers such as windows, hollow core doors, wallboards, and thin plywood. Upon impacting the barrier, the nose cone ruptures and delivers 2.3 grams of CS.

9. Cost: $27.85 each

10. Purpose: The 40 MM CS Ferret is intended to dislodge barricaded individuals. Its purpose is to minimize the risks to all parties through pain compliance, temporary discomfort and/or incapacitation of potentially violent or dangerous subjects.

11. Description: 40 Mm Spede-Heat Short Range CS (Cholorbenzylidenemalononitrile)

12. Quantity: 5

13. Capabilities: The 40 MM short range, Spede-Heat is intended to allow for the deployment of CS in an outdoor environment by the use of a 40 MM single or 40 MM multi-launcher. It delivers 25.2 grams of CS and has fire producing capability.

14. Cost: $22.10 each

15. Purpose: The 40 MM Spede-Heat Short Range CS round is primarily used as a crowd control management tool by law enforcement and corrections and allows for the rapid deployment of chemical agents using a 40 MM launcher.

B. Authorized Use: Only officers who have completed an approved training are permitted to deploy these munitions
C. Expected Life Span: Until used, though not longer than five years from the date of manufacturer
D. Fiscal Impact: None
E. Training: All officers who use 40 MM munitions shall complete a two-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

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F. Legal and Procedural Rules:40 MM munitions will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Policy 300 and applicable laws.
706.4.5 CHEMICAL AGENT CANNISTERS
A. Descriptions, quantities, capabilities, purchase costs, and purposes:

1. Description: Defense Technology Spede-Heat Pyrotechnic Cannister CS (Chlorobenzylidenemalononitrile)

2. Quantity:10

3. Capabilities: The Spede-Heat cannister is a continuous discharge pyrotechnic chemical agent grenade that contains 81.2 grams of CS and has a discharge time between 20-40 seconds.

4. Cost:$33.00 each

5. Purpose: The Spede-Heat cannister is designed primarily for crowd control purposes and, when not used with a shielding device, such as a "Burn Safe," it is intended for outdoor use.

6. Description: Defense Technology Pocket Tactical CS
(Chlorobenzylidenemalononitrile) Cannister

7. Quantity:3

8. Capabilities: The Pocket Tactical cannister is a continuous discharge pyrotechnic chemical agent grenade that contains 25.2 grams of CS and has a discharge time between 20-40 seconds.

9. Cost:$28.00 each

10. Purpose: The Pocket Tactical cannister is designed for use by a tactical team for distraction, concealment, rescue, or signaling. The Pocket Tactical can be used in conjunction with smoke cannisters to "piggyback" chemical agent into a predominately smoke environment. Unless used in conjunction with a shielding agent, such as a "Burn Safe" the Pocket Tactical is designed for outdoor use.

B. Authorized Use: Only officers who have completed an approved training are permitted to deploy this equipment.

C. Expected Life Span: Until used, though not longer than five years from the date of manufacture.

D. Fiscal Impact: None
E. All officers who use chemical agent cannisters shall complete a two-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

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F. Legal and Procedural Rules: Chemical agent cannisters will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws.
706.4.6 DISTRACTION DEVICES
A. Descriptions, quantities, capabilities, purchase costs, purposes, and expected life spans:

1. Description: Defense Technology Low Roll Distraction Device- Reloadable Body and Charge. A distraction device is used to distract a dangerous suspect during high-risk situations, including, but not limited to hostage rescues, search warrant service or other high-risk activities where the risk can be mitigated by the use of a distraction device.

The distraction device is composed of a reloadable body and a charge. The body can be used a maximum of 25 times, the charge is a single-use item.

2. Quantity:15

3. Capabilities: The Defense Technology Low Roll Distraction Device is a multi- use, reloadable, non-bursting, non-fragmenting device that provides a brilliant light and loud sound and is used to distract, or momentarily disorient potentially dangerous suspects.

4. Cost:$100 each

5. Purpose: The Defense Technology Low Roll Distraction Device is used to distract a dangerous suspect during high-risk situations, including but not limited to, hostage rescues, the service of a high-risk search warrant or other high-risk activities where it is necessary to distract/disorient and individual.

6. Expected Life Span: The reloadable body can be used 25 times before it is discarded.

Lifespan depends on frequency of use.

7. Description: Defense Technology Low Roll Distraction Device 12 Gram Reload. The reload for this device is designed to be inserted into the distraction device body and is a single-use item.

8. Quantity: 24

9. Capabilities: The Defense Technology Low Roll Distraction Device 12 Gram Reload is designed to be used in conjunction with the Low Roll Distraction Device Body and will produce a brilliant light and loud sound and is used to distract, or momentarily disorient potentially dangerous suspects.

10. Cost: $36.75 each

11. Purpose: The Defense Technology Low Roll Distraction Device 12 Gram Reload is used to distract a dangerous suspect during high-risk situations, including but not limited to, hostage rescues, the service of a high-risk search warrant or other high-risk activities where it is necessary to distract/disorient an individual.

B. Expected Life Span: This is a single use item.

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C. Authorized Use: Only officers who have completed an approved training are permitted to deploy this equipment.

D. Fiscal Impact: None
E. Training: All officers who use these distraction devices shall complete a 2-hour course of training, to include a written test and practical application provided by members of the S.W.A.T. team. Recertification will take place annually.

F. Legal and Procedural Rules: These distraction devices will be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws.
706.4.7 RIFLES
A. Description, Quantity. Capabilities, and Purchase Cost:

1. Description: Colt M4.223 caliber carbine, capable of automatic and semi- automatic fire, or semi-automatic only. Firearm that is fired from the shoulder, having a long spiral grooved barrel to make projectiles spin, thereby being more accurate over a greater distance.

2. Quantity:49

3. Capabilities: To provide precision fire to a threat at greater accuracy and greater distances than that of a handgun.

4. Cost:$750

5. Description: Speer Gold Dot LE.223 caliber 55 grain soft tip ammunition. Ammunition specifically designed to be used with the Colt M4.223 caliber rifle.

6. Quantity:15,000 rounds

7. Cost:$155 for 200 rounds
B. Purpose: The purpose of the Colt M4 carbine is to provide accurate shot placement against a threat over a long distance. It is also for use against individuals who are wearing ballistic body armor.

C. Authorized Use: Only officers who have completed an approved training are permitted to deploy this equipment.

D. Expected Life Span:10-15 years, depending on severity of use.

E. Fiscal Impact: Annual maintenance cost is estimated at $50 per rifle.

F. Training: All officers who deploy the Colt M4 carbine will attend and pass a POST certified training course, taught by a POST certified rifle instructor. The training includes a written and a practical application test. In addition, members who operate the rifle must qualify annually.

G. Legal and Procedural Rules: The Colt M4.223 caliber carbine shall only be used for official law enforcement purposes and shall only be used in compliance with Glendora Police Department Policy 300 and applicable laws. The deployment of the rifle shall also be in compliance with Glendora Police Department Policy 416.6.

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706.4.8 MOBILE COMMAND POST VEHICLE
A. Description, quantity, capabilities, and purchase cost:

1. Description: Freightliner Chassis (custom built) vehicle.

2. Quantity: One (1)

3. Capabilities: The Mobile Command Post can be utilized for Foothills Special Enforcement Team (F.S.E.T.) operations and other critical incidents, preplanned large events, DUI checkpoints, natural disasters, and community events.

4. Purchase cost: Approximately $150,000, funded by an Office of Traffic Safety (O.T.S.) grant.

B. Purpose: To be used based on the specific circumstances of a given F.S.E.T. operation, critical incident, large event, DUI checkpoint, natural disaster, or community event that is taking place.

C. Authorized Use: The Mobile Command Post shall be used by officers trained in its use D. Expected Lifespan: Twenty-year lifespan on chassis and vehicle structure. Upgrades as needed to ensure updated and properly maintained IT systems.

E. Fiscal Impact: Annual maintenance is approximately $5,000 F. Training: The driver/operator shall receive training in the safe handling of the vehicle. A class C driver license is required to drive the vehicle. Driver/operators will also receive training in the proper set-up and break down of the Mobile Command Post when deployed for events and operations.

G. Legal and Procedural Rules: The Mobile Command Post vehicle shall only be used for official law enforcement purposes. The driver/operator shall be in compliance with Glendora Police Department Policy 704.
706.4.9 ARMORED PERSONNEL CARRIER
A. Description, quantity, capabilities, and purchase cost:

1. Description: Peacekeeper, built on a 1973 Dodge chassis.

2. Quantity: One (1)

3. Capabilities: Designed to provide ballistic protection (to withstand multiple bullet strikes from small arms fire as well as low level explosions).

4. Cost: Obtained through the Law Enforcement Support Program (LESO, formerly the 1033 Program) in 1999.

B. Purpose: To be used in response to critical incidents to enhance officer and community safety, improve scene containment and stabilization, or for display at a community event.

C. Authorized Use: The use of armored vehicles shall only be authorized by a Watch Commander based on the specific circumstances of a given critical incident. Armored vehicles shall be used only by officers trained in its use.

D. Expected Lifespan: Twenty-five (25) years.

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E. Fiscal Impact: Annual maintenance is estimated between $0 and $1000.

F. Training: The driver/operator shall receive training in the safe handling of the vehicle. A class C driver license is required to drive the vehicle.

G. Legal and Procedural Rules: The Peacekeeper shall only be used for official law enforcement purposes. The driver/operator shall be in compliance with Glendora Police Department Policy 704.
706.5 APPROVAL
The Chief of Police or the authorized designee shall obtain approval from the City Council by way of an ordinance adopting the military equipment policy. As part of the approval process, the Chief of Police or the authorized designee shall ensure the proposed military equipment policy is submitted to the City Council and is available on the department website at least 30 days prior to any public hearing concerning the military equipment at issue (Government Code § 7071). The military equipment policy must be approved by the City Council prior to engaging in any of the following (Government Code § 7071):
(a) Requesting military equipment made available pursuant to 10 USC § 2576a. (b) Seeking funds for military equipment, including but not limited to applying for a grant, soliciting or accepting private, local, state, or federal funds, in-kind donations, or other donations or transfers.
(c) Acquiring military equipment either permanently or temporarily, including by borrowing or leasing.
(d) Collaborating with another law enforcement agency in the deployment or other use of military equipment within the jurisdiction of this department.
(e) Using any new or existing military equipment for a purpose, in a manner, or by a person not previously approved by the governing body.
(f) Soliciting or responding to a proposal for, or entering into an agreement with, any other person or entity to seek funds for, apply to receive, acquire, use, or collaborate in the use of military equipment.
(g) Acquiring military equipment through any means not provided above. 706.6 COMPLIANCE
Department members are bound to adhere to this policy, in addition to state and local laws and ordinances when employing the use of military equipment at any time. Violations of the law or this policy may result in criminal or administrative investigations and/or actions.

Members of the public may register complaints or submit questions or concerns about the use of each type of military equipment in this policy by any of the following means:

1. Via email through the City of Glendora website (cityofglendora.org). Under DEPARTMENTS, select "Contact Glendora Police."

2. Via telephone to: (626) 914-8250
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3. Via mail to: Glendora Police Department, Attn: Military Equipment Use Coordinator, 150 S Glendora Ave, Glendora, CA 91741
The Glendora Police Department is committed to responding to complaints, concerns, and questions received through any of the above methods in a timely manner. 706.7 COORDINATION WITH OTHER JURISDICTIONS
Military equipment used by any member of this Department shall be approved for use and in accordance with this policy. Military equipment used by other jurisdictions that are providing mutual aid to this Department or operating in conjunction in a law enforcement capacity with this Department, shall comply with their respective military equipment use policies in rendering mutual aid or in conducting their law enforcement activities.
706.8 ANNUAL REPORT
Upon approval of a military equipment policy, the Chief of Police or the authorized designee should submit a military equipment report to the governing body for each type of military equipment approved within one year of approval, and annually thereafter for as long as the military equipment is available for use (Government Code § 7072).

The Chief of Police or the authorized designee should also make each annual military equipment report publicly available on the department website for as long as the military equipment is available for use. The report shall include all information required by Government Code § 7072 for the preceding calendar year for each type of military equipment in department inventory. 706.9 COMMUNITY ENGAGEMENT
Within 30 days of submitting and publicly releasing the annual report, the Department shall hold at least one well-publicized and conveniently located community engagement meeting, at which the Department should discuss the report and respond to public questions regarding the funding, acquisition, or use of military equipment.

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ANNUAL PRESENTATION ON MILITARY EQUIPMENT POLICY
AND USE REPORT (AB 481)

POLICE DEPARTMENT

CITY COUNCIL MEETING
APRIL 28, 2026

CHRIS STABIO, CAPTAIN

BACKGROUND
On September 30, 2021, Governor Newsom signed
Assembly Bill 481 (AB 481) which required law
enforcement agencies to adopt a military equipment
and use policy by ordinance.

Pursuant to Government Code §7072, the Glendora
Police Department is required to provide an annual
update containing the following information.

LEGISLATIVE REQUIREMENTS PER GC §7072(A)(1)
• Requires reporting on how the military equipment
was used and the purpose for its use.
• The equipment was used in training and during
the service of 9 different high-risk operations
during the calendar year 2025.

LEGISLATIVE REQUIREMENTS PER GC §7026(A)(2) AND
§7026(A)(3)
• Requires disclosure of the number of complaints received related to the use of military equipment.
• None
• Requires disclosure of the results of any internal audits, including any violations of this policy and actions taken as a result.
• No violations of this policy took place.

LEGISLATIVE REQUIREMENTS PER GC §7026(A)(4)
• Requires disclosure of the annual cost of each piece of equipment, including ongoing costs and the source of funding for the following calendar year.
• Total annual cost is approximately $20,000
• This includes:
• Ammunition
• Chemical Agents
• Noise/Flash Diversionary Devices
• Equipment Maintenance
LEGISLATIVE REQUIREMENTS PER GC §7026(A)(5) AND
§7026(A)(6)
• Requires disclosure of the quantity of each piece of
military equipment.
• This is contained within Glendora Police Policy
706.
• What additional equipment will be acquired in
2026.
• Ammunition, chemical agents and noise/flash
diversionary devices.

ASSEMBLY BILL 481 REQUIREMENTS
Annual review of the Military Equipment Use ordinance by the governing body, with an option to either disapprove or amend the Military Equipment Use Policy, if it determines that the military equipment does not comply with standards for approval.

Hold at least one well-publicized and conveniently located community engagement meeting within 30 days of submitting and publicly releasing the annual military equipment report. The current report was posted in compliance with the Brown Act.

ASSEMBLY BILL 481 REQUIREMENTS
The Police Department’s policy has been drafted to meet the requirement of AB 481 as follows:
• The military equipment identified in the Policy is necessary because there is no reasonable alternative that can achieve the same objective of officer and civilian safety.
• The proposed Policy will safeguard the public’s welfare, safety, civil rights, and civil liberties.
• If the Police Department purchases military equipment, pursuant to the Policy, the equipment is reasonably cost-effective, compared to any available alternative that can achieve the same objective of officer and civilian safety.
• Military equipment obtained prior to the introduction of the law met the Policy that was in effect at the time. If prior uses do not comply with the accompanying Military Equipment Use Policy, corrective action will be taken to remedy the non-conforming use and ensure future compliance.

ASSEMBLY BILL 481 REQUIREMENTS
Currently, the Police Department’s Military Equipment Inventory includes:
• A robot
• Rifles
• Less Lethal Munitions
• Chemical Agents and Delivery Devices
• Noise/Flash Diversionary Devices
• A Mobile Command Post
• An Armored Rescue Vehicle
• An Unmanned Aerial System (Drone)
This equipment has been in use for several years and is used only by specialized teams, comprised of trained personnel. In addition, these items, apart from the rifles, are considered less lethal equipment and are to be used under specific circumstances. The Policy includes a detailed description of all items and their use in carrying out police objectives.

RECOMMENDATION
Receive and file report.

STAFF REPORT
TO: Mayor and Council Members DATE: April 28, 2026
FROM: Finance DISTRICT(S): Citywide
SUBJECT: Resolution Authorizing Investment of Monies in the Local Agency Investment Fund (LAIF) and Designating Authorized Officers

RECOMMENDATION
That the City Council:

1. Adopt a City Council Resolution entitled, "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

GLENDORA AUTHORIZING AND ADOPTING THE INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND (LAIF) AND DESIGNATING AUTHORIZED OFFICERS."

STRATEGIC FOCUS AREAS
Goal 2: Maintain Financial Stability and Sustainability (MFSS)

EXECUTIVE SUMMARY
The Local Agency Investment Fund (LAIF) is a voluntary investment program administered by the California State Treasurer’s Office that allows local agencies to invest funds in a high-quality, pooled investment portfolio. Adoption of the proposed resolution will authorize the City to continue participating in LAIF and update the list of City officers authorized to deposit and withdraw funds on behalf of the City. This action ensures that the City’s investment practices remain current, compliant, and aligned with administrative best practices.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
The City Council last adopted a resolution authorizing participation in the Local Agency Investment Fund (LAIF) in 2012, which designated specific individuals by name and title to conduct transactions on behalf of the City.

The proposed resolution supersedes the prior authorization and updates the designated officers to reflect current organizational structure and best practices. This includes adding the position of Accounting Supervisor to the list of authorized officers to better align with the City’s evolving operational needs.

DISCUSSION
LAIF provides local agencies with a secure and liquid investment option, offering daily access to funds while earning a competitive rate of return. Participation in LAIF is governed by Section 16429.1 of the California Government Code.

The proposed resolution updates the City’s authorization by:

Reaffirming the City’s participation in LAIF; and
Designating authorized officers by position, rather than by individual name, to streamline future administrative updates.

Authorizing positions instead of individuals eliminates the need to return to City Council for updates when staffing changes occur, improving administrative efficiency while maintaining appropriate internal controls.

The authorized officers identified in the resolution are responsible for initiating deposits and withdrawals in accordance with City investment policies and procedures.

FISCAL IMPACT
There is no direct fiscal impact associated with adopting the proposed resolution. Participation in LAIF provides the City with a safe and liquid investment option and supports prudent cash management practices.

ENVIRONMENTAL DETERMINATION
There are no CEQA impacts associated with the recommendations in this report.

Prepared By: Desiree Valdivia, Office Coordinator
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: Danny Aleshire, City Attorney
CEQA Review: Not Applicable
Attachments
A_Resolution_CC_2026-.pdf
RESOLUTION CC 2026-____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GLENDORA

AUTHORIZING AND ADOPTING THE INVESTMENT OF MONIES IN THE

LOCAL AGENCY INVESTMENT FUND (LAIF) AND DESIGNATING

AUTHORIZED OFFICERS

THE CITY COUNCIL
City of Glendora, California
WHEREAS, pursuant to Chapter 730 of the Statutes of 1976, Section 16429.1 was added to the California Government Code to create the Local Agency Investment Fund (LAIF) in the State Treasury for the deposit of funds of local agencies for investment by the State Treasurer; and,
WHEREAS, the City Council finds that the deposit and withdrawal of monies in the Local Agency Investment Fund, in accordance with the provisions of Section 16429.1 of the California Government Code, is in the best interest of the City of Glendora.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GLENDORA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. The City Council hereby authorizes the deposit and withdrawal of City of Glendora monies in the Local Agency Investment Fund in accordance with Section 16429.1 of the California Government Code, for the purpose of investment as provided therein. This authorization includes verification by the State Treasurer’s Office of all banking information provided in connection with such transactions.

SECTION 2. The individuals holding the following positions with the City of Glendora, or their duly appointed successors in office, are hereby authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund:

Finance Director Assistant Finance Director
Accounting Manager Accounting Supervisor
SECTION 3. The City Clerk shall certify to the passage and adoption of this Resolution and shall enter the same in the Book of Original Resolutions.

PASSED, APPROVED AND ADOPTED by the City Council of the City of Glendora this __ day of ________, ____.

BY:

DAVID FREDENDALL
Mayor
Resolution (LB) YYYY-## Page 2 of 2
APPROVED AS TO FORM:

Aleshire & Wynder, LLP

DANNY ALESHIRE
City Attorney

CERTIFICATION
I, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Glendora at a regular meeting held on the ___ day of ______, _____, by the following vote:

AYES: MEMBERS:

NOES: MEMBERS:

ABSENT: MEMBERS:

ABSTAIN: MEMBERS:

Dated:

KATHLEEN R. SESSMAN, MMC
City Clerk/Communications Director

STAFF REPORT
TO: Mayor and Council Members DATE: April 28, 2026
FROM: City Manager DISTRICT(S): Citywide
SUBJECT: Workshop Framework and One-Time Funding Direction

RECOMMENDATION
That the City Council:

1. Provide direction on the make-up, focus, structure, and timing of the three workshops in the series;

2. Receive a presentation on available one-time funding, including total dollar amounts by category and budget cycle;

3. Provide direction on the priorities for the use of one-time funds, including but not limited to: current city facility upgrades and maintenance, streets and roads, and larger capital projects such as the Library and Corporate Yard;

4. Provide any other direction to staff as deemed appropriate.

STRATEGIC FOCUS AREAS
Goal 3: New + Revitalized Facilities
Goal 4: Sustainable Infrastructure

EXECUTIVE SUMMARY
On March 24, 2026, the City Council unanimously directed staff to conduct a series of three City Council workshops, one each month, to:

Evaluate the use of one-time funds,
Review current capital needs and facility conditions,
Explore funding options including grants and private financing, and Consider the potential formation, scope, and structure of a future advisory committee, if needed.

Staff is seeking additional direction on the make-up, focus, structure and timing the three workshops. Additionally staff is requesting additional direction on one-time funding, including total dollar amounts priorities for the use of those funds. This direction, if provided, will allow staff to provide a more comprehensive list of options for City Council consideration during the workshops.

LEGISLATIVE HISTORY / PREVIOUS ACTIONS
Date Action
January 13, 2026
During a comprehensive city facility and civic center discussion, staff committed to returning with a broader conversation regarding one-time uses of available resources with the mid-year budget update.

February 24, 2026
City Council received a report on one-time funding. The City Council discussed the possibility of creating a citizen ad-hoc or City Council Sub-Committee to discuss capitalrelated matters. The City Council voted 5–0 to receive and file the report; no direction was given on the use of one-time funds. Staff pledged to return with information on advisory groups.

March 24, 2026
Staff presented a report on citizen ad-hoc committees, City Council Sub-Committees, and direction on the use of one-time funds. A motion to immediately fund the Corporate Yard in phases did not move forward. A subsequent motion by Councilmember Thompson, seconded by Mayor Fredendall, to conduct a series of three City Council workshops (one each month) passed unanimously 5–0. The workshops are to evaluate the use of one-time funds, review current capital needs and facility conditions, explore funding options including grants and private financing, and consider the potential formation, scope, and structure of a future advisory committee, if needed.

DISCUSSION
Workshop Series Framework
Staff recommends the following framework for the three-workshop series, consistent with the City Council's March 24, 2026 direction. After reviewing the comments by the City Council and reviewing the current status of various projects with applicable departments, staff is recommending the City Council consider workshops over the next 6-7 months in order to allow for current evaluations and assessments to be completed to ensure policy decisions are made with all available information. For example, staff is currently working with MHP Structural Engineers on an update to the 2023 Library Structural Assessment and with IDS Group, Inc. and Public Works staff on possible phasing of the Public Works Yard. Staff anticipates these reviews to be completed in late summer.

As presented, the draft schedule for workshops would also allow staff adequate time between workshops to complete works associated with City Council direction provided to staff at each workshop.

Workshop Recommended Focus
Workshop 1
(no later than
June 2026)

1. How We Got Here: Overview of strategic plans, community surveys, polling, infrastructure/facility needs and related information shared with the public over the past 5 years.

2. One-Time Funding:
a. Finalized dollar amount
b. Adopted list of specific projects
c. Timelines
Workshop 2
(no later than
September 2026)

1. Library
a. Historical Overview
b. Recap of Repairs and Structural Assessments
c. Updated Structural Assessment
d. Estimated Costs
e. Continuation of services during a project
f. Funding Options

2. Public Works Yard
a. Historical Overview
b. Update of Construction Drawings and Environmental Work c. Possible Phasing Opportunities / Service Delivery Impacts d. Funding Options

3. Follow-up from Workshop 1
Workshop 3
(no later than
December 2026)

1. Funding Options
a. Grants
b. Land Sales
c. Issuance of Debt
d. Other

2. Potential Formation of a Future Advisory Committee
a. Scope, structure, and timing of a future citizen advisory committee

3. Follow-up from Workshops 1 & 2

4. Next Steps
Available One-Time Funding
On February 24, 2026, staff presented a comprehensive overview of anticipated one-time discretionary funding opportunities. The following table summarizes the available one-time funding by category and budget cycle; the amounts represent categorical totals that exist across several funds, including the General Fund, Measure E/Z, GUSD JUA, and Pension Reserve. Further, totals are additive. If no action was taken, at the end of FY 2031, estimated one-time available funds would be $41,169,000. A detailed breakdown of these amounts is included on Attachment A.

Funding Source FY 2025–27 FY 2027–29 FY 2029–31
Available Fund Balance/Reserve $6,860,000 $569,000 $260,000 Reallocation of CIP / Re-prioritization of
Projects $1,900,000 — —
Property Sales $5,120,000 $4,000,000 $4,000,000
Pension Set Aside $13,820,000 $240,000 $180,000
OPEB Set Aside $4,080,000 $80,000 $60,000
TOTALS $31,780,000 $4,889,000 $4,500,000
Fiscal Guardrails for One-Time Funding
The March 24, 2026 staff report presented a Decision Matrix with options for the amount of one-time funding the City Council may wish to consider. The amounts below are available for use now. Generally, impacts from the use of one-time funding include: limited operational flexibility during future economic downturns; diminished ability to address one-time infrastructure issues; and potential downgrade of bond rating resulting in increased borrowing costs.

Option Amount Policy Implications
A – Conservative $5 million and under
Allows for future financial flexibility
during economic downturn; likely
does not impact bond rating
B – Moderate $5–$8 million
Allows for future financial flexibility
during economic downturn; likely
does not impact bond rating
C – Moderate+ $8–$12 million
Allows for moderate financial
flexibility during economic
downturns (e.g., one year of
flexibility)
D – Aggressive $12+ million
Limits flexibility on community
service impacts and likely impacts
bond ratings
Depending on the amount selected, staff can make recommendations on where those funds would come from, and what strategies can be used to replace them, if possible. For example, if the City Council selected $10 million in one-time funding, a possible allocation could be:

Amount Source of Funding
$1,000,000 General Fund Reserve
$2,000,000 Measure E/Z Fund Balance
$2,100,000 San Jose Sale
$4,000,000
Pension Reserve. Direction could be given to replenish funding with a future local agency property development anticipated in the FY 2027- 2029 two-year budget cycle.
$900,000 Reallocation of CIP
$10,000,000 TOTAL
Priority Categories for One-Time Funding
Since 2018, the City has implemented broad organizational and operational reforms to modernize service delivery, improve efficiency, and address long-standing deferred maintenance. Key changes included restructuring departments, centralizing functions, outsourcing landscape maintenance, and creating a dedicated Building Services Division. These efforts reduced costs - most notably saving over $500,000 annually in landscape services - while increasing service levels, improving coordination, and enabling a more proactive approach to maintaining parks, streets, and facilities. Staffing was strategically realigned, with total positions reduced from 18 to 16, while shifting resources toward field operations and direct service delivery, allowing the City to do more with fewer overall staff.

Savings and efficiencies were reinvested into critical infrastructure, significantly increasing funding for facilities, streets, and maintenance programs. Facilities spending grew from about $350,000 in 2018 to $1.4 million annually today, while non-major project street maintenance and pavement preservation programs expanded from approximately $15,000 in 2018 to $1,000,000 in the current budget, to improve long-term roadway conditions.

Overall, the City has increased net annual maintenance-related investment by approximately $2 million annually, reflecting a deliberate policy to reinvest in core assets. While meaningful progress has been made, the City continues to face ongoing challenges related to decades of deferred maintenance.

Staff recommends the City Council discuss and provide direction, if possible, on priorities for the use of one-time funds. Based on prior City Council discussions and community input, the following categories are presented for consideration of prioritization.

Current City Facility Upgrades/Maintenance
Deferred maintenance on City facilities is estimated at approximately $50 million, with an investment of more than $250 million needed to bring facilities to levels that would provide for modern work-spaces and greater accessibility to the public. Facility Condition Assessments conducted by Bureau Veritas identified deficiencies across multiple City facilities, including roofing, exterior walls, electrical systems, HVAC, and parking lots.

The conversation on facilities needs over the past five years has been robust, and while the City has made significant strides, under investment and lack of more dedicated funding will continue to strain the City's ability to more thoroughly address its facilities.

Streets/Roads
Community surveys consistently identify streets and infrastructure among the City's most pressing challenges. The City has made generational investments in infrastructure over the past seven years, including improved street conditions with an upward Pavement Condition Index (PCI) trend, reversing decades of decline. However, decades of under-investment cannot be reversed overnight - the City Council has identified a need for an additional $3-$3.5 million in annual funding to improve streets from a PCI of 63 to a PCI of 70.

Larger Capital Projects
Library: The MHP Structural Engineers Library Structural Assessment and Visioning Study identified significant structural and seismic deficiencies, aging mechanical, electrical, and plumbing systems, and building envelope limitations that materially affect the Library's long-term viability. In 2023 these costs were estimated at $8.5 million.

Community survey results showed that residents place a high value on infrastructure investment, though a Libraryonly measure received comparatively lower support (45%) than a citywide facilities measure (53%). Currently, the City is working with MHP Structural Engineers on an update to the 2023 report, which will more fully incorporate past structural assessments from the 1980's and significant work done in 2003 and 2004. Additionally, the report will included updated cost estimates, including seismic/structural improvements needed for the City's emergency operations center to remain at the location. In line with City Council direction, staff is currently working with the State on a budget appropriation to help address more than 50 years of documented facility issues.

Corporate Yard: The City Corporate Yard at 1250 Vladimir Street houses the Streets, Facilities, and Fleet Divisions, with plans to relocate the Parks, Trees, and Landscape Division to the site. A facility assessment determined that existing buildings are outdated and obsolete, with inadequate restrooms and insufficient office, training, and nonexistent traffic management system space. The recommendation was to demolish existing buildings and construct four new buildings totaling approximately 18,310 square feet. The grand total construction cost estimate, including bonds and escalation, was approximately $12.6 million. The City Yard Improvements are budgeted in the City's 5- year Capital Improvement Program, with $1,046,650 budgeted for FY 2025. The City Council approved a Professional Service Agreement with IDS Group, Inc. in the amount of $725,581 for design and construction documents. At this time, no funding source exists for the completion of the construction phase and staff is working to find solutions for a phased approach.

FISCAL IMPACT
There is no fiscal impact associated with the recommendations in this report. As City Council direction on the use of one-time funds is provided, staff will evaluate the fiscal impact of each policy decision on the City.

ENVIRONMENTAL DETERMINATION
There is no CEQA impacts associated with the recommendations in this report. As City Council direction on onetime funding and larger projects is provided, staff will evaluate possible CEQA impacts Prepared By: Adam Raymond, City Manager
Concurs With: Not Applicable
Reviewed By: Moises Lopez, Assistant City Manager
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. Discretionary One-time Funding FINAL.pdf
B_PowerPoint.pdf
Anticiapted One-Time Discretionary Funding Opportunities Attachment A FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 FY 2025-27 FY 2027-29 FY 2029-31 Available Fund
Balance/Reserve $ 6,860,000 $ 569,000 $ 260,000
In Excess of Policy 1
$ 2,280,000 $ 569,000 $ 260,000
45%
30% $ 4,580,000
Reallocation of CIP $ 1,900,000 $ - $ -
Reprioritization of Projects $ 1,000,000
GUSD Pool 2
$ 900,000
Property Sales $ 5,120,000 $ 4,000,000 $ 4,000,000
San Jose 3
$ 2,990,000
Dale 4
$ 2,130,000
Other Local Agency
Development 5
$ 4,000,000 $ 4,000,000
Pension Set Aside $ 13,820,000 $ 240,000 $ 180,000
Section 115 Trust 6
$ 6,090,000
Reserve 7
$ 7,730,000 $ 240,000 $ 180,000
OPEB Set Aside $ 4,080,000 $ 80,000 $ 60,000
Section 115 Trust 6
$ 2,060,000
Reserve 7
$ 2,020,000 $ 80,000 $ 60,000
Grand Totals $ 13,780,000 $ 4,080,000 $ 4,060,000 $ 13,820,000 $ 240,000 $ 180,000 $ 2,280,000 $ 569,000 $ 260,000 $ 900,000 $ - $ - $ 1,000,000 $ - $ - $ 31,780,000 $ 4,889,000 $ 4,500,000 1 2
3 4
5 6
7 These funds are generally restricted. Currently, these funds have been set aside for investment in the Section 115 Trusts as cash on hand/liquidity allows through the City Council Adopted General Fund Reserve Policy. The monies may be accessed immediately by the City until they are invested in the Section 115 Trusts, at which time they may only be used to offset future/current pension liabilities. See note 6 with respect to pension and OPEB liabilities outstanding.

NOTES
Category: One-Time
Discretionary Funding
Staff anticipated an estimated $2.1 million to be received by June 30, 2027 for the sale of the Dale site. This funding will be dependent upon approval of a development in accordance with the City's standards and actions by the Planning Commission and City Council.

GUSD JUA
105 301
Capital Projects Totals
101
General Fund
102
Pension
103
Measures E/Z
The General Fund reserve policy is a minimum of 30% to maximum of 45% of prior year operational expenditures. Total of $4.6 million is the amount in excess of the reserve minimum (30%). The amount in the Measure E/Z fund balance is available in it's entirety ($2.3 million). The City's Reserve Policy provides the City Council time to make decisions in economic downturns or funding loss from the State of California without significant impacts to service delivery to the community. Further this funding provides a stabilization to meet debt requirements, which partially resulted in the City's AAA bond ratings. Per the existing financial policies of the City Council, when General Fund revenues exceed expenditures it allows the City to set aside monies in reserve, future capital projects, stabilization of CalPERS pension/OPEB costs, as well as general liabilities, worker's compensation, fleet maintenance and technology costs. More specifically, when revenues exceed expenditures, the City's financial policies allocated that amount at the following percentages 50% to the Capital Projects Fund, 30% to the PERS Rate Stabilization Fund, 10% to OPEB Section 115 Trust (held in General Fund) and 10% to Internal Service Funds.

The City and Glendora Unified School District (GUSD) have a long history of partnering on community assets (e.g. middle school parks, high school pool, etc.). GUSD has a current pool renovation project, in which the CIty has contributed $600,000 to the $3.9 million dollar project. Additionally, the City Council approved an additional contribution of up to $900,000 that is dependent on the City's financial performance through June 30, 2027.

The sale of the San Jose site provided the City with $3.99 million. The City Council previously allocated $1 million of these proceeds to achieve initiatives in the City's strategic and economic development action plans (8/27/2024).

These funds are generally restructured and may only be used to pay for CalPERS retirement costs (Pension) or reimburse qualifying retired employees' medical premiums (OPEB). The monies may be accessed by the City to pay for specific liabilities, requiring certification of the expense. Currently, the City's CalPERS unfunded accrued liability (UAL) is $21.7 million, which is anticipated to be reduced to $10.3 million next year with CalPERS better than anticipated asset returns. Additionally, the City has an other post employment benefits (OPEB) liability of approximately $5.6 million. Finally, the City has an outstanding pension obligation bond principal amount of approximately $51 million.

Amounts represent possible funding received through sale and development of land owned other local agencies over the next five years.

WORKSHOP SERIES DIRECTION & ONE-TIME FUNDING

PRIORITIES
CITY MANAGER’S OFFICE

CITY COUNCIL MEETING
APRIL 28, 2026

ADAM RAYMOND, CITY MANAGER

RECOMMENDATION
THAT THE CITY COUNCIL:

1. Provide direction on the make-up, focus, structure, and timing of the three workshops in the series;

2. Receive a presentation on available one-time funding, including total dollar amounts by category and budget cycle;

3. Provide direction on priorities for the use of one-time funds — including current city facility upgrades and maintenance, streets and roads, and larger capital projects; and

4. Provide any other direction to staff as deemed appropriate.

EXECUTIVE SUMMARY
ON MARCH 24, 2026, COUNCIL

UNANIMOUSLY DIRECTED STAFF TO

CONDUCT THREE MONTHLY

WORKSHOPS
• Evaluate the use of one-time funds
• Review current capital needs and facility
conditions
• Explore funding options including grants
and private financing
• Consider potential formation of a future
advisory committee
Staff is seeking direction on workshop focus,
timing, and one-time funding priorities.

LEGISLATIVE HISTORY
JANUARY 13, 2026

CIVIC CENTER

DISCUSSION
Staff committed to
returning with a broader
conversation on one-time
uses of available
resources.

FEBRUARY 24, 2026

ONE-TIME FUNDING
REPORT
Council received report;
voted 5–0 to receive and
file. No direction given on
use of funds.

MARCH 24, 2026

WORKSHOP SERIES

APPROVED
Council unanimously
directed staff (5–0) to
conduct three monthly
workshops.

WORKSHOP SERIES

FRAMEWORK
Workshop 1 — No later than June
2026

HOW WE GOT HERE
• OVERVIEW OF STRATEGIC PLANS,

COMMUNITY SURVEYS, POLLING, AND

INFRASTRUCTURE/FACILITY NEEDS SHARED
WITH THE PUBLIC OVER THE PAST 5 YEARS

ONE-TIME FUNDING
• FINALIZED DOLLAR AMOUNT
• ADOPTED LIST OF SPECIFIC PROJECTS
• TIMELINES
Workshop 2 — No later than
September 2026

LIBRARY
• HISTORICAL OVERVIEW, RECAP OF REPAIRS,

UPDATED STRUCTURAL ASSESSMENT,

ESTIMATED COSTS, CONTINUATION OF

SERVICES, FUNDING OPTIONS

PUBLIC WORKS YARD
• HISTORICAL OVERVIEW, UPDATE OF

CONSTRUCTION DRAWINGS AND

ENVIRONMENTAL WORK, POSSIBLE PHASING

OPPORTUNITIES, FUNDING OPTIONS
FOLLOW-UP FROM WORKSHOP 1
WORKSHOPS 1 & 2

FUNDING OPTIONS
• GRANTS
• LAND SALES
• ISSUANCE OF DEBT
• OTHER OPTIONS

POTENTIAL FUTURE ADVISORY

COMMITTEE
• SCOPE, STRUCTURE, AND TIMING OF A

FUTURE CITIZEN ADVISORY COMMITTEE

FOLLOW-UP & NEXT STEPS
• FOLLOW-UP FROM WORKSHOPS 1 & 2
• IMPLEMENTATION NEXT STEPS
WORKSHOP 3 — NO LATER THAN DECEMBER
2026

AVAILABLE ONE-TIME

FUNDING

AVAILABLE ONE-TIME FUNDING
Funding Source FY 2025–27 FY 2027–29 FY 2029–31
Available Fund Balance / Reserve $6,860,000 $569,000 $260,000 Reallocation of CIP / Re-prioritization $1,900,000 — —
Property Sales $5,120,000 $4,000,000 $4,000,000
Pension Set-Aside $13,820,000 $240,000 $180,000
OPEB Set-Aside $4,080,000 $80,000 $60,000
TOTALS* $31,780,000 $4,889,000 $4,500,000
* Totals are additive. For example, if no action was taken, at the end of FY 2031, estimated one-time available funds would be $41,169,000
* Totals span the General Fund, Measure E/A, GUSD JUA, and Pension Reserve. See Attachment A for detailed breakdown.

Lower-Risk Options
OPTION A — CONSERVATIVE (≤ $5M)
• PRESERVES FINANCIAL FLEXIBILITY

DURING DOWNTURNS
• LIKELY NO BOND RATING IMPACT
OPTION B — MODERATE ($5M–$8M)
• PRESERVES FINANCIAL FLEXIBILITY DURING

DOWNTURNS
• LIKELY NO BOND RATING IMPACT
Higher-Impact Options
OPTION C — MODERATE+ ($8M–$12M)
• ALLOWS MODERATE FLEXIBILITY DURING
DOWNTURNS (~1 YEAR)
• LIKELY NO BOND RATING IMPACT
OPTION D — AGGRESSIVE ($12M+)
• LIMITS SERVICE FLEXIBILITY; MAY IMPACT BOND

RATINGS
• MAY REDUCE FUTURE CAPACITY FOR

INFRASTRUCTURE NEEDS
FISCAL GUARDRAILS — FOUR OPTIONS
EXAMPLE: $10 MILLION ALLOCATION
• ILLUSTRATIVE ONLY
• PENDING COUNCIL DIRECTION ON

TARGET AMOUNT AND PRIORITIES
• PENSION RESERVE DRAW COULD BE

REPLENISHED THROUGH FUTURE

LOCAL-AGENCY PROPERTY
DEVELOPMENT IN FY 2027–29
SAMPLE $10M ALLOCATION
Amount Source of Funding
$1,000,000 General Fund Reserve
$2,000,000 Measure E/Z Fund Balance
$2,100,000 San Jose Sale
$4,000,000 Pension Reserve
$900,000 Reallocation of CIP
$10,000,000 TOTAL

PRIORITY CATEGORIES

ORGANIZATIONAL & OPERATIONAL

REFORMS
• RESTRUCTURED DEPARTMENTS AND

CENTRALIZED FUNCTIONS
• OUTSOURCED LANDSCAPE
MAINTENANCE — SAVING $500K+

ANNUALLY
• CREATED A DEDICATED BUILDING

SERVICES DIVISION
• INCREASED SERVICE LEVELS AND

IMPROVED COORDINATION

STRATEGIC STAFFING

REALIGNMENT
• TOTAL POSITIONS REDUCED FROM 18 TO
16 • RESOURCES SHIFTED TOWARD FIELD

OPERATIONS AND DIRECT SERVICE

DELIVERY
• ENABLED A MORE PROACTIVE

APPROACH TO MAINTAINING PARKS,

STREETS, AND FACILITIES
• DOING MORE WITH FEWER OVERALL
STAFF
REFORM & EFFICIENCY SINCE 2018

FACILITIES SPENDING
• $350K IN 2018 → $1.4M ANNUALLY
TODAY

STREET MAINTENANCE & PAVEMENT

PRESERVATION
• NON-MAJOR PROJECT PROGRAMS
GREW FROM $15K IN 2018 TO $1M IN THE

CURRENT BUDGET
• TARGETED TO IMPROVE LONG-TERM

ROADWAY CONDITIONS

NET ANNUAL INVESTMENT
• INCREASED BY APPROXIMATELY $2

MILLION ANNUALLY

PROGRESS & REMAINING

CHALLENGES
• REFLECTS A DELIBERATE POLICY TO

REINVEST IN CORE ASSETS
• MEANINGFUL PROGRESS MADE — BUT

DECADES OF DEFERRED MAINTENANCE
REMAIN

COUNCIL DIRECTION REQUESTED
• DISCUSS AND PROVIDE DIRECTION, IF

POSSIBLE, ON PRIORITIES FOR THE USE

OF ONE-TIME FUNDS
• CATEGORIES PRESENTED ARE BASED ON

PRIOR COUNCIL DISCUSSIONS AND

COMMUNITY INPUT

REINVESTMENT IN CORE ASSETS
Current City Facility Upgrades /
Maintenance
• $50 MILLION IN DEFERRED

MAINTENANCE ON CITY FACILITIES
• $250 MILLION+ NEEDED TO

MODERNIZE WORKSPACES AND

IMPROVE PUBLIC ACCESSIBILITY
• BUREAU VERITAS FACILITY CONDITION

ASSESSMENTS IDENTIFIED DEFICIENCIES

IN ROOFING, EXTERIOR WALLS,

ELECTRICAL, HVAC, AND PARKING LOTS
• SIGNIFICANT PROGRESS MADE;

CONTINUED UNDER-INVESTMENT WILL

STRAIN FUTURE CAPACITY
Streets & Roads
• CONSISTENTLY IDENTIFIED IN

COMMUNITY SURVEYS AS A TOP

PRIORITY
• GENERATIONAL INVESTMENT OVER PAST
SEVEN YEARS; UPWARD PCI TREND

REVERSING DECADES OF DECLINE
• $3–$3.5 MILLION ANNUALLY IN

ADDITIONAL FUNDING NEEDED TO MOVE
PCI FROM 63 TO 70
• DECADES OF UNDER-INVESTMENT

CANNOT BE REVERSED OVERNIGHT

FACILITIES & STREETS

LIBRARY
• MHP STRUCTURAL ENGINEERS IDENTIFIED

SIGNIFICANT STRUCTURAL AND SEISMIC

DEFICIENCIES, AGING MEP SYSTEMS, AND

BUILDING ENVELOPE LIMITATIONS
• 2023 ESTIMATE: $8.5 MILLION IN STRUCTURAL
AND MECHINAL UPGRAGES; UPDATED

ASSESSMENT AND COSTS IN PROGRESS
• UPDATED REPORT WILL INCLUDE SEISMIC/STRUCTURAL IMPROVEMENTS TO

PRESERVE THE EMERGENCY OPERATIONS
CENTER
• COMMUNITY SURVEY: 45% SUPPORT LIBRARYONLY MEASURE VS. 53% FOR CITYWIDE

FACILITIES
• STAFF WORKING WITH THE STATE ON A

BUDGET APPROPRIATION

CORPORATE YARD
• 1250 VLADIMIR STREET: HOUSES STREETS, FACILITIES, FLEET; PARKS/TREES/LANDSCAPE

TO BE RELOCATED TO SITE
• ASSESSMENT: EXISTING BUILDINGS
OUTDATED AND OBSOLETE; INADEQUATE

RESTROOMS, OFFICE, AND TRAINING SPACE
• RECOMMENDATION: DEMOLISH AND REBUILD
FOUR NEW BUILDINGS TOTALING ~18,310 SQ
FT
• CONSTRUCTION ESTIMATE: ~$12.6 MILLION
• IDS GROUP DESIGN AND CONSTRUCTION DOCUMENTS AGREEMENT ($725,581)

APPROVED
• NO FUNDING SOURCE IDENTIFIED FOR
CONSTRUCTION; STAFF EXPLORING PHASED

APPROACH
LARGER CAPITAL PROJECTS — LIBRARY &

CORPORATE YARD

REQUESTED DIRECTION
Staff respectfully requests City Council direction on:

1. Workshop Series — Confirm make-up, focus, structure, and timing of the three workshops.

2. One-Time Funding — Select a target amount (Options A–D) or other amount.

3. Priorities — Indicate priorities across facility upgrades, streets & roads, and larger capital projects.

4. Other Direction — Any additional direction to staff as deemed appropriate.

No fiscal impact associated with the recommendations. Fiscal and CEQA impacts of specific policy decisions will be evaluated as direction is provided.