Agenda packet — La Palma City Council, November 4, 2025 (part 2 of 3)

Ordinance No. 2025-03

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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.

CITY OF LA PALMA )
I, NORMA ALLEY, City Clerk of the City of La Palma, California, DO HEREBY CERTIFY that the foregoing Ordinance was adopted by the City Council of said City at a regular meeting of said City Council held on the 4th day of November 2025, and that it was so adopted by called vote as follows:

AYES:

NOES:

Norma I. Alley, MMC
City Clerk

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Agenda Item No. 6 November 4, 2025 | 1
City of La Palma
Agenda Item No. 6
MEETING DATE: November 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Joseph Cisneros, Deputy City Manager
AGENDA TITLE: Resolution Adopting the Measure M2 Expenditure Report for Fiscal Year ending June 30, 2025
RECOMMENDED ACTION:

It is recommended that the City Council adopt a Resolution approving the annual Measure M2 expenditure report for Fiscal Year ending June 30, 2025.

BACKGROUND:

In November 1990, Orange County voters approved Measure M, a half-cent local transportation sales tax. The initial implementation period of this transportation sales tax was twenty years. When the original implementation for Measure M expired in 2011, Measure M2 was put before the voters of Orange County and subsequently approved. Measure M2 is a thirty-year transportation investment plan that focuses solely on improving the County’s transportation system. The Measure includes taxpayer safeguards, one of which is a requirement to report progress publicly regularly. Within six months of the close of the fiscal year, each agency must complete and submit a “Measure M2 Expenditure Report and Accompanying Resolution” to the City Council for adoption and approval.

For fiscal year ended June 30, 2025 (FY25), the City received $329,285 of Measure M Fair Share revenue. The report (Attachment 2) documents $1,069,853 in Measure M2 expenditures in FY25. In FY25, the City was required to use at least $230,328 in local funds for Maintenance of Effort (MOE) for transportation improvements in order to continue receiving Measure M2 revenues, which it did. As a result, the Measure M2 Fund balance on June 30, 2025, was $236,283.

FISCAL IMPACT:

There is no fiscal impact related to approving and adopting the Measure M2 expenditure report.

Adopting the Report and Resolution will ensure that the City receives future Measure M2 allocations.

ATTACHMENTS:

1. Resolution

2. FY24-25 Expenditure Report

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Agenda Item No. 6 November 4, 2025 | 2

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RESOLUTION NO. 2025-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LA PALMA CONCERNING THE MEASURE M2 (M2)

EXPENDITURE REPORT FOR THE CITY OF LA PALMA
WHEREAS, local jurisdictions are required to meet eligibility requirements and submit eligibility verification packages to Orange County Transportation Authority (OCTA) in order to remain eligible to receive M2 funds; and WHEREAS, local jurisdictions are required to adopt an annual M2 Expenditure Report as part of one of the eligibility requirements; and WHEREAS, local jurisdictions are required to account for Net Revenues, developer/traffic impact fees, and funds expended by local jurisdiction in the M2 Expenditure Report that satisfy the Maintenance of Effort requirements; and WHEREAS, the M2 Expenditure Report shall include all Net Revenue fund balances, interest earned and expenditures identified by type and program or project; and
WHEREAS, the M2 Expenditure Report must be adopted and submitted to the OCTA each year within six months of the end of the local jurisdiction’s fiscal year to be eligible to receive Net Revenues as part of M2.

NOW, THEREFORE, BE IT RESOLVED that the City Council for the City of La Palma does hereby inform OCTA that:
a) The M2 Expenditure Report is in conformance with the template provided in the Measure M2 Eligibility Guidelines and accounts for Net Revenues including interest earned, expenditures during the fiscal year, and balances at the end of fiscal year.
b) The M2 Expenditure Report is hereby adopted by the City of La Palma. c) The City of La Palma Deputy City Manager is hereby authorized to sign and submit the M2 Expenditure Report to OCTA for the fiscal year ending June 30, 2025.

PASSED, APPROVED AND ADOPTED by the City Council of the City of La Palma at a regular meeting held on the 4th day of November, 2025. ______________________
Mark Waldman

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Mayor

ATTEST:
_____________________________
Norma I. Alley, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.

CITY OF LA PALMA )
I, NORMA I. ALLEY, City Clerk of the City of La Palma, California, DO HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of said City at a regular meeting of said City Council held on the 4th day of November, 2025, and that it was so adopted by called vote as follows:

AYES:

NOES:

__________________________
Norma I. Alley, MMC
City Clerk

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City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2025
Report Checks
Report Check
Schedule 1 Check
Project Description Ending Balance Check Ending Balance Interest Check A-M Freeway Projects $ - $ -
O Regional Capacity Program (RCP) $ - $ -
P Regional Traffic Signal Synchronization Program (RTSSP) $ - $ - Q Local Fair Share $ - $ -
R High Frequency Metrolink Service $ - $ -
S Transit Extensions to Metrolink $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that
connect Orange County with High-Speed Rail Systems $ - - $ U Senior Mobility Program or Senior Non-Emergency Medical $ - $ - V Community Based Transit/Circulators $ - $ -
W Safe Transit Stops $ - $ -
X Environmental Cleanup Program (Water Quality) $ - $ - Schedule 2 Check
Project Description Revenue/Expenses Check Revenue/Expenses Interest Check
All Total $ - $ -
Schedule 3 Check
Project Description Expenses Check Interest Check
O Regional Capacity Program (RCP) $ - $ -
P Regional Traffic Signal Synchronization Program (RTSSP) $ - $ - Q Local Fair Share $ - $ -
X Environmental Cleanup Program (Water Quality) $ - $ - A-M, R, S, T,U, V, W Other M2 Projects (A-M, R, S, T,U, V, W) $ - $ - Other Expenses Not M2 Related $ -
Schedule 4 Check
Project Description Expenses Check
Q Local Fair Share $ -

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City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2025
Beginning and Ending Balances
Schedule 1
Line
No.

Amount Interest
A-M Freeway Projects 1 $ - $ -
O Regional Capacity Program (RCP) 2 $ 364,164.82 $ -
P Regional Traffic Signal Synchronization Program (RTSSP) 3 - $ - $ Q Local Fair Share 4 $ 619,868.48 $ -
R High Frequency Metrolink Service 5 $ - $ -
S Transit Extensions to Metrolink 6 $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that
connect Orange County with High-Speed Rail Systems 7 - $ - $ U
Senior Mobility Program or Senior Non-Emergency Medical Program
8 - $ - $
V Community Based Transit/Circulators 9 $ - $ -
W Safe Transit Stops 10 $ - $ -
X Environmental Cleanup Program (Water Quality) 11 $ - $ - Other* 12 - $ - $
13 $ 984,033.30 $ -
Monies Made Available During Fiscal Year 14 329,285.47 $ 48,775 $ 15 $ 1,313,318.77 $ 48,775
Expenditures During Fiscal Year 16 1,021,078.22 $ 48,775 $ A-M Freeway Projects 17 $ - $ -
O Regional Capacity Program (RCP) 18 $ 55,957.57 $ -
P Regional Traffic Signal Synchronization Program (RTSSP) 19 - $ - $ Q Local Fair Share 20 $ 236,282.98 $ -
R High Frequency Metrolink Service 21 $ - $ -
S Transit Extensions to Metrolink 22 $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that
connect Orange County with High-Speed Rail Systems 23 - $ - $ U
Senior Mobility Program or Senior Non-Emergency Medical Program
24 - $ - $
V Community Based Transit/Circulators 25 $ - $ -
W Safe Transit Stops 26 $ - $ -
X Environmental Cleanup Program (Water Quality) 27 $ - $ - Other* 28 - $ - $
* Please provide a specific description
Balances at End of Fiscal Year
Balances at Beginning of Fiscal Year
Balances at Beginning of Fiscal Year
Description
Total Monies Available (Sum Lines 13 & 14)

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City of La Palma M2 Expenditure Report
Fiscal Year Ended June 30, 2025
Sources and Uses
Schedule 2
Line
No.

Amount Interest
A-M Freeway Projects 1 $ - $ -
O Regional Capacity Program (RCP) 2 $ - $ -
P Regional Traffic Signal Synchronization Program (RTSSP) 3 $ - $ - Q Local Fair Share 4 $ 329,285 $ 48,775
R High Frequency Metrolink Service 5 $ - $ -
S Transit Extensions to Metrolink 6 $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that connect Orange County with High-Speed Rail Systems 7 - $ - $
U Senior Mobility Program or Senior Non-Emergency Medical Program 8 $ - $ - V Community Based Transit/Circulators 9 $ - $ -
W Safe Transit Stops 10 $ - $ -
X Environmental Cleanup Program (Water Quality) 11 $ - $ - Other* 12 - $ - $
13 329,285 $ 48,775 $
A-M Freeway Projects 14 $ - $ -
O Regional Capacity Program (RCP) 15 $ 308,207 $ -
P Regional Traffic Signal Synchronization Program (RTSSP) 16 $ - $ - Q Local Fair Share 17 $ 712,871 $ 48,775
R High Frequency Metrolink Service 18 $ - $ -
S Transit Extensions to Metrolink 19 $ - $ -
T
Convert Metrolink Station(s) to Regional Gateways that connect Orange County with High-Speed Rail Systems 20 - $ - $
U Senior Mobility Program or Senior Non-Emergency Medical Program 21 $ - $ - V Community Based Transit/Circulators 22 $ - $ -
W Safe Transit Stops 23 $ - $ -
X Environmental Cleanup Program (Water Quality) 24 $ - $ - Other* 25 - $ - $
26 1,021,078 $ 48,775 $
27 (691,793) $ - $
* Please provide a specific description
TOTAL BALANCE (Subtract line 26 from 13)
TOTAL EXPENDITURES (Sum lines 14 to 25)
Description
Revenues:

TOTAL REVENUES (Sum lines 1 to 12)
Expenditures:

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City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2025
Streets and Roads Detailed Use of Funds
Schedule 3
Line
No. MOE
Developer /
Impact
Fees+
O
O
Interest P
P
Interest Q
Q
Interest X
X
Interest
Other
M22
Other
M2
Interest
Other* TOTAL
1 - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ New Street Construction 2 - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Street Reconstruction 3a - $ - $ 308,207.25 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 308,207 $ Street Reconstruction - Pavement 3b - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Signals, Safety Devices, & Street Lights 4 - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Pedestrian Ways & Bikepaths 5 - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Storm Drains 6 - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Storm Damage 7a - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Storm Damage - Pavement 7b - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 8 - $ - $ 308,207.25 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 308,207 $ Right of Way Acquisition 9 - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 10 - $ - $ 308,207.25 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 308,207 $ Patching 11 34,705.00 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 34,705 $ Overlay & Sealing 12 296,837.00 $ - $ - $ - $ - $ - $ 112,870.97 $ 48,774.93 $ - $ - $ - $ - $ - $ 458,483 $ Street Lights & Traffic Signals 13 180,238.00 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 180,238 $ Storm Damage 14 - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Other Street Purpose Maintenance 15a 179,414.00 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 179,414 $ Other Street Purpose Maintenance - Pavement 15b - $ - $ - $ - $ - $ - $ 600,000.00 $ - $ - $ - $ - $ - $ - $ 600,000 $ 16 691,194.00 $ - $ - $ - $ - $ - $ 712,870.97 $ 48,774.93 $ - $ - $ - $ - $ - $ 1,452,840 $ 17 - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $
18 691,194 $ - $ 308,207 $ - $ - $ - $ 712,871 $ 48,775 $ - $ - $ - $ - $ - $ 1,761,047 $ 19 1
Includes direct charges for staff time Legend
2 Other M2 includes A-M, R,S,T,U,V, and W Project
+ Transportation related only A-M
* Please provide a specific description O
P
Q
R
S
T
U
V
W
X
Type of Expenditure
Indirect and/or Overhead
Construction & Right-of-Way
Total Construction1 (Sum Lines 2 to 7b)
Total Construction & Right-of-Way (Sum Lines 8 & 9)
Description
Freeway Projects
Regional Capacity Program (RCP)
Regional Traffic Signal Synchronization Program (RTSSP) Maintenance
Total Maintenance1 (Sum Lines 11 to 15b)
Other
GRAND TOTALS (Sum Lines 1, 10, 16, 17)
Finance Director Confirmation
Any California State Constitution Article XIX streets and road eligible expenditure may be “counted” in local jurisdictions’ calculation of MOE if the activity is supported (funded) by a local jurisdictions’ discretionary funds (e.g. general fund). The California State Controller also provides useful information on Article XIX and the Streets and Highways Code eligible expenditures in its “Guidelines Relating to Gas Tax Expenditures for Cities and Counties”.

I have reviewed and am aware of these guidelines and their applicability in calculating and reporting on Maintenance of Effort expenditures.

Deputy City Manager initial: _______________
Environmental Cleanup Program (Water Quality)
Local Fair Share
High Frequency Metrolink Service
Convert Metrolink Station(s) to Regional Gateways that connect Orange County with High-Speed Rail Systems
Senior Mobility Program or Senior Non-Emergency Medical Program Community Based Transit/Circulators
Safe Transit Stops
Transit Extensions to Metrolink

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City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2025
Local Fair Share Project List
Schedule 4

PROJECT NAME TYPE OF EXPENDITURE AMOUNT INTEREST
Residential Resurfacing - Zone 7 Maintenance - Overlay & Sealing $ 105,030.97 $ 48,774.93 La Palma Avenue - Preliminary Maintenance - Overlay & Sealing $ 7,840.00 Median Rehabilitation Other Street Purpose Maintenance - Pavement $ 600,000.00 TOTAL PROJECT Q EXPENDED $ 48,774.93 712,870.97 $
GRAND TOTAL PROJECT Q EXPENDED $ 761,645.90

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City of La Palma
M2 Expenditure Report
Fiscal Year Ended June 30, 2025
Signature Page
Date
11 Jurisdictions are encouraged to submit MOE eligible expenditures higher than their MOE benchmark, so that should certain expenses be ruled ineligible during an MOE audit, the local jurisdiction still has sufficient MOE expenditures to demonstrate continued achievement of the MOE benchmark.

I hereby certify that:

X All the information attached herein and included in schedules 1 through 4 is true and accurate to the best of my knowledge;
X The interest earned on Net Revenues allocated pursuant to the Ordinance shall be expended only for those purposes for which the Net Revenues were allocated;
X The City of _La Palma_ is aware of the State Controller’s “Guidelines Relating to Gas Tax Expenditures for Cities and Counties”, which is a guide for determining MOE Expenditures for M2 Eligibility purposes; X The City’s Expenditure Report is in compliance with direction provided in the State Controller’s “Guidelines Relating to Gas Tax Expenditures for Cities and Counties;” and X The City of _La Palma_ has expended in this fiscal year an amount of local discretionary funds for streets and roads purposes at least equal to or exceeding the FY 2024-25 MOE benchmark dollar amount 11.

Deputy City Manager (Print Name)
Signature
Joseph Cisneros

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Agenda Item No. 7 November 4, 2025 | 1
City of La Palma
Agenda Item No. 7
MEETING DATE: November 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Joseph Cisneros, Deputy City Manager
AGENDA TITLE: Resolution Authorizing Signatories for the Deposit, Investment, and Payment of Public Funds in the Local Agency Investment Fund (LAIF)
RECOMMENDED ACTION:

It is recommended the City Council adopt a Resolution that updates and authorizes the allowed signatories for the deposit, investment, and payment of public funds in the Local Agency Investment Fund (LAIF).

PURPOSE:

To update the Resolution that authorizes the allowed signatories for the deposit, investment, and payment of public funds
SUMMARY:

On May 6, 2025, the City Council, by resolution, adopted Resolution No. 2025-22, designating Interim City Manager Michael Egan and Deputy City Manager Joseph Cisneros as authorized signatories for all banking and investment transactions conducted on behalf of the City. In addition, the City Council reaffirmed the authority of the City Manager, Police Chief, and Administrative Services Director to order the deposit or withdrawal of monies in the Local Agency Investment Fund (LAIF). These positions were originally designated under Resolution No. 2012-27, and Resolution 2025-22 modifies the authorized signatories to align with current staffing. As administrative transitions occur, the actual names of the identified officials will continue to be transmitted to LAIF as each position transitions.

FISCAL IMPACT:

None.

ATTACHMENTS:

1. Resolution LAIF Authorizing Signatories

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Resolution No. 2025-XX

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RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF LA PALMA DESIGNATING

AUTHORIZED SIGNATORIES AND

AUTHORIZING INVESTMENT OF MONIES IN

THE LOCAL AGENCY INVESTMENT FUND

ON BEHALF OF THE CITY
WHEREAS, The Local Agency Investment Fund is established in the State Treasury under Government Code section 16429.1 et. seq. for the deposit of money of a local agency for purposes of investment by the State Treasurer; and
WHEREAS, the City Council hereby finds that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with Government Code section 16429.1 et. seq. for the purpose of investment as provided therein is in the best interests of the City of La Palma;
NOW THEREFORE, BE IT RESOLVED, that the City Council hereby authorizes the deposit and withdrawal of City of La Palma monies in the Local Agency Investment Fund in the State Treasury in accordance with Government Code section 16429.1 et. seq. for the purpose of investment as provided therein.

NOW, THEREFORE, BE IT FURTHER RESOLVED, that the City Council of the City of La Palma, does find, determine, and declare as follows:

SECTION 1. The following City officials officers holding the title(s) specified hereinbelow or their successors in office are each hereby authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund and may execute and deliver any and all documents necessary or advisable in order to effectuate the purposes of this resolution and the transactions contemplated hereby:

Peter L. Kim Joseph Cisneros Angel Nguyen
(NAME) (NAME) (NAME)
City Manager Deputy City Manager Finance Supervisor
(TITLE) (TITLE) (TITLE)
(SIGNATURE) (SIGNATURE) (SIGNATURE)
SECTION 2. This resolution shall remain in full force and effect until rescinded by City Council by resolution and a copy of the resolution rescinding this resolution is filed with the State Treasurer’s Office.

APPROVED AND ADOPTED, by the City Council of City of La Palma, Orange County, of the State of California at a regular meeting held on 4th day of November 2025. ________________________________
Mark Waldman
Mayor

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Resolution No. 2025-XX

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ATTEST:
__________________________________
Norma I. Alley, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.

CITY OF LA PALMA )
I, Norma I. Alley, City Clerk of the City of La Palma, California, DO HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of said City at a regular meeting of said City Council held on the 4th day of November 2025, and that it was so adopted by called vote as follows:

AYES:

NOES:

ABSENT:

ABSTAIN:
_______________________________
Norma I. Alley, MMC
City Clerk

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Agenda Item No. 8 November 4, 2025 | 1
City of La Palma
Agenda Item No. 8
MEETING DATE: November 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Norma I. Alley, City Clerk
AGENDA TITLE: Resolution Amending the 2026 City Council's Regular Meeting Schedule
RECOMMENDED ACTION:

It is recommended that the City Council adopt a Resolution amending the City’s Council’s Regular Meeting Schedule for January, July, November, and December, 2026.

SUMMARY:

The City Council adopted Ordinance No. 2020-02 on May 5, 2020, that allowed the City Council to meet on the first and third Tuesdays of every month, with the flexibility to adjust the date, time, and frequency of meetings by resolution. Subsequently, on June 2, 2020, the Council adopted Resolution No. 2020-29, reducing the frequency of meetings to once a month, held on the first Tuesday.

A resolution is moving forward to hold the January, November, and December meetings on the second Tuesday of the month and hold a legislative break for the month of July. This format has been effective for both Staff and the City Council in conducting City business and has become standard practice without impacting operations.

If the resolution is approved, the new meeting dates would be as follows:

1. January 13

2. July – Council call a Legislative Break and cancel this meeting

3. November 10

4. December 8
Since 2018, the City Council has canceled and/or rescheduled the first Regular City Council Meeting in January as a result of the holiday closure of City facilities and have continued to do so since that date. Staff is requesting to reschedule the January meeting from January 6, 2026, to January 13, 2026.

Due to busy City summer activities and schedules, it has become standard practice for the Council to call a Legislative Break and cancel the July meeting. This format has been effective for both Staff and City Council in conducting City business.

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Agenda Item No. 8 November 4, 2025 | 2
Since 2006, the City Council has canceled the meetings on the date of the City’s General Municipal Election to allow the residents and Council Members to fully participate in the election. Staff is requesting to reschedule the November meeting from November 3, 2026, to November 10, 2026.

The Orange County Registrar of Voters has also informed the City Clerk that State law mandates the Registrar certify the election within 30 days of the election; therefore, the Registrar is anticipating certification would not be earlier than our December 1, 2026, Council Meeting. In order to accommodate this deadline and allow amicable time for the City to receive the election results to conduct the City Council’s election certification, reorganization, and induction of new City Council members, it is recommended that the Council move the December meeting. In addition, the Holiday Tree Lighting event is traditionally scheduled for the first week in December. Historically, the Mayor would like to close out the year’s events prior to stepping down and as a result, Staff is requesting to move the December City Council meeting to December 8, 2026.

Adoption of this resolution will have positive impact on the operations and work efficiencies for the City. Staff recommends the City Council approve the resolution supporting the scheduling changes for the City Council Regular Meetings.

FISCAL IMPACT:

None.

ATTACHMENTS:

1. Resolution

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Resolution 2025-__

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RESOLUTION NO. 2025-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

LA PALMA, CALIFORNIA AMENDING THE DATES OF

CITY COUNCIL MEETINGS FOR THE MONTHS OF
JANUARY, JULY, NOVEMBER, AND DECEMBER, 2026
WHEREAS, on May 5, 2020, the City Council of the City of La Palma conducted a second reading and adopted Ordinance 2020-02 allowing the City Council to adjust the meeting frequency, dates, and times, by means of Resolution and considered testimony and evidence at the Regular Hearing held with respect thereto; and WHEREAS, since June 2, 2020, by Resolution 2020-29, the City of La Palma has been able to address the reduction in Agenda Items by approving a meeting schedule from twice a month to once a month, meeting on the first Tuesday of each month, that has to date, not impacted City services and operations; and WHEREAS, since 2018, the City Council has cancelled and/or rescheduled the first Regular City Council Meeting in January as a result of the holiday closure of City facilities and has done so without impacting operations; therefore, the January, 2026, Regular Meeting date as calendared will need to be rescheduled to January 13, 2026; and
WHEREAS, the July, 2025, Regular Meeting date as calendared will need to be cancelled to allow the Council to call a Legislative Break accommodating for the busy City summer activities, events, and schedule; and
WHEREAS, the November, 2026, Regular Meeting date as calendared will need to be rescheduled to November 10, 2026, due to the General Election; and WHEREAS, the December, 2026, meeting date as calendared will need to be rescheduled to December 8, 2026, as a result of providing amicable time for the election certification and Holiday Tree lighting event.

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Resolution 2025-__

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NOW, THEREFORE, the City Council of the City of La Palma does hereby adopt a Resolution rescheduling the 2026 City Council Meeting Dates of January to January 13, calling a Legislative break and cancelling the July meeting, rescheduling November to November 10, and rescheduling December to December 8, as permitted by Ordinance No. 2020-02.

APPROVED AND ADOPTED by the City Council of La Palma at a regular meeting on the 4th day of November, 2026.
_______________________________
Mark I. Waldman
Mayor
ATTEST:
_______________________________
Norma I. Alley, MMC
City Clerk

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Resolution 2025-__

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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS.

CITY OF LA PALMA )
I, NORMA I. ALLEY, MMC, City Clerk of the City of La Palma, California, DO HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of said City at a regular meeting of said City Council held on the 4th day of November, 2026, and that it was so adopted by called vote as follows:

AYES:

NOES:

_______________________________
Norma I. Alley, MMC
City Clerk

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Agenda Item No. 9 November 4, 2025 | 1
City of La Palma
Agenda Item No. 9
MEETING DATE: November 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Joseph Cisneros, Deputy City Manager
AGENDA TITLE: Update to Authorized Signatory for City Banking and Investment Transactions
RECOMMENDED ACTION:

It is recommended that the City Council adopt a Resolution revising authorized signatories for the City’s banking and investment accounts.

SUMMARY:

The City Council designates certain City officials, such as the City Manager and Deputy City Manager, to endorse checks, drafts, and other negotiable instruments on behalf of the City for the purpose of conducting banking and investment transactions. These functions include the deposit, withdrawal, transfer, and investment of public funds to support the City’s financial operations.

Due to recent leadership transitions, it is necessary to update the list of authorized signatories. To ensure continuity in financial operations and safeguard the City’s ability to manage and invest its funds without interruption, staff recommends that the City Council adopt a Resolution adding City Manager Peter L. Kim as an authorized signatory for banking and investment transactions on behalf of the City.

This authorization will take effect immediately upon adoption of the Resolution and remain in place until further action is taken by the City Council to amend or update the list of authorized signatories.

FISCAL IMPACT:

None.

ATTACHMENTS:

1. Resolution

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-1 -
RESOLUTION NO. 2025-

A RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF LA PALMA DESIGNATING

AUTHORIZED SIGNATORIES FOR BANKING

AND INVESTMENT TRANSACTIONS ON

BEHALF OF THE CITY
WHEREAS, the City of La Palma maintains various banking and investment accounts for the deposit, transfer, disbursement, and investment of public funds; and WHEREAS, the City conducts its banking and investment activities through institutions including but not limited to City National Bank, the State of California Local Agency Investment Fund (LAIF), and PFM Asset Management LLC, an affiliate of U.S.

Bank through its parent company, U.S. Bancorp; and
WHEREAS, it is necessary for the City Council to designate certain City officials as authorized signatories to endorse checks, drafts, and other negotiable instruments, and to conduct other banking and investment transactions on behalf of the City; and WHEREAS, the City Council previously authorized the Interim City Manager Mike Egan and Deputy City Manager Joseph Cisneros to serve as signatories for these financial functions; and
WHEREAS, due to the recent addition of City Manager Peter L. Kim, it is necessary to update the list of authorized signatories to reflect current personnel; and WHEREAS, the City Council desires to ensure continuity in the City’s financial operations and safeguard the City's ability to manage its funds without interruption.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LA PALMA DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. The following City officials are hereby removed as designated authorized signatories for the City’s banking and investment transactions:
• Michael Egan, Interim City Manager
SECTION 2. The following City officials are hereby designated as authorized signatories for the City’s banking and investment transactions:
• Peter L. Kim, City Manager
• Joseph Cisneros, Deputy City Manager
• Angel Nguyen, Accounting Supervisor

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-2 -
SECTION 3. This resolution shall become effective immediately upon adoption.

SECTION 4. The City Clerk shall certify the adoption of the resolution and shall cause a certified resolution to be filed in the book of original resolutions.

APPROVED AND ADOPTED by the City Council of the City of La Palma at a regular meeting held on the 4th day of November 2025.
________________________________
Mark Waldman
Mayor
ATTEST:
______________________________
Norma I. Alley, MMC
City Clerk

Page 148 of 354 ends

-3 -

STATE OF CALIFORNIA )

COUNTY OF ORANGE ) SS

CITY OF LA PALMA )
I, NORMA I. ALLEY, MMC, City Clerk of the City of La Palma, California, DO HEREBY CERTIFY that the foregoing resolution was adopted by the City Council of said City at a regular meeting of said City Council held on the 4th day of November 2025 and that it was so adopted by called vote as follows:

AYES:

NOES:

________________________________
Norma I. Alley, MMC
City Clerk

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Agenda Item No. 10 November 4, 2025 | 1
City of La Palma
Agenda Item No. 10
MEETING DATE: November 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Joseph Cisneros, Deputy City Manager
AGENDA TITLE: First Quarter Cash and Investment Report, Fiscal Year 2025-26 RECOMMENDED ACTION:

It is recommended that the City Council receive and file the Cash and Investment Report for the first quarter of Fiscal Year 2025-26.

SUMMARY:

In accordance with the City’s Statement of Investment Policy, a quarterly report is prepared to provide the status of the investment portfolio. The cash and investments of all funds are pooled, and no assets are held by fiscal agents. Guided by state law and the City’s Investment Policy, the primary investment objective is to safeguard the principal of the invested funds. The secondary objective is to meet the liquidity needs of the entities, and the third objective is to achieve a return on the invested funds.

Although all investments contain an element of risk, the pooled investments are designed to limit risk exposure and provide liquidity while still generating investment income.

A combination of demand deposit accounts and the Local Agency Investment Fund (LAIF) is used to provide sufficient liquidity to meet the City’s short-term operating requirements. Funds that are unlikely to be spent in the near future are kept in a portfolio that is actively managed by an investment advisor in accordance with the Investment Policy.

Information on the investment portfolio as of September 30, 2025, is as follows:

Short-term Operating Requirements
• Monies held in demand deposit accounts and cash on hand total $2,361,469 • Monies held by Corpay total $272,755
• Monies held in the Local Agency Investment Fund total $17,192,906 o Market value totals $17,226,081
o LAIF fund effective yield for each month during the quarter:
▪ 4.258%, month 1
▪ 4.251%, month 2
▪ 4.212%, month 3
• LAIF fund average life is 254 days

Page 150 of 354 ends

Agenda Item No. 10 November 4, 2025 | 2
Managed Portfolio
• Book value totals $27,814,242
• Market value totals $28,131,241 per US Bank (custodian) and $28,131,238 per PFM (investment manager)
o $12,026,561 US Treasury Bond/Note (42.75%)
o $116,228 Municipal Bond/Note (0.41%)
o $3,127,114 Federal Agency Commercial (11.12%)
o $7,205,651 Corporate Note (25.61%)
o $203,287 Certificates of Deposit (0.72%)
o $5,388,902 Asset-Backed Security (19.16%)
o $63,495 Money Market (0.23%)
• Yield to maturity (based on cost) is 4.37%
• Yield to maturity (based on market value) is 3.86%
• Weighted average maturity is 839 days
• All investments mature within five years of the quarter-end except for $109,970 in corporate notes which were purchased in September 2025, matures in July 2031, and comprises 0.40% of the managed portfolio.

Interest Rate Yield
The following table presents U.S. Treasury yields as of September 30, 2025, and for all quarters back to September 30, 2023. The Federal Reserve Board has dual, congressionally assigned goals of promoting maximum employment and stable prices across a broad range of economic conditions for the benefit and well-being of all American people. After making no change to interest rates since July 2023, the Federal Reserve lowered interest rates at each of its September, November, and December 2024 meetings. From December 2024 through August 2025, the Federal Reserve made no additional changes to interest rates but then lowered them by one-quarter percentage point at the September 2025 meeting. The Federal Reserve’s long-term objective is to maintain the strength of the economy and the labor market while enabling inflation to move down to 2% over the long run.

Treasury Yield Curve Rates
Quarter End Date 6 Month 1 Year 2 Year 3 Year 5 Year 10 Year September 30, 2023 5.53% 5.46% 5.03% 4.80% 4.60% 4.59%
December 31, 2023 5.26% 4.79% 4.23% 4.01% 3.84% 3.88%
March 31, 2024 5.38% 5.03% 4.59% 4.40% 4.21% 4.20%
June 30, 2024 5.33% 5.09% 4.71% 4.52% 4.33% 4.36%
September 30, 2024 4.38% 3.98% 3.66% 3.58% 3.58% 3.81%
December 31, 2024 4.24% 4.16% 4.25% 4.27% 4.38% 4.58%
March 31, 2025 4.23% 4.03% 3.89% 3.89% 3.96% 4.23%
June 30, 2025 4.29% 3.96% 3.72% 3.68% 3.79% 4.24%
September 30, 2025 3.83% 3.68% 3.60% 3.61% 3.74% 4.16%

Page 151 of 354 ends

Agenda Item No. 10 November 4, 2025 | 3
This table can be used to compare the LAIF and managed portfolio yields against the U.S. Treasury yields.
• At the quarter end, the LAIF fund’s effective yield (4.212%) was higher than Treasury yield rates for all maturities.
• At the quarter end, the managed portfolio’s yield based on cost (4.37%) was higher than Treasury yield rates for all maturities, while the managed portfolio’s yield based on market (3.86%) was higher for maturities between six months and five years but lower for maturities of ten years.

Managed Portfolio Market Value
Until investments are sold, any difference between market and book value is an unrealized gain or loss. During the first quarter of fiscal year 2025-26, the City’s investment managers sold certain investments before their maturity date and realized net gains totaling $16,254.

The market value has been above the book value at the end of each of the last five quarters, resulting in an unrealized gain at the end of each of these quarters. Market values have an inverse relationship with interest rates, so as interest rates decrease, market values increase. The following chart shows the comparison of the managed portfolio’s book value versus market value over the past two years:

Quarter End Date Book Value
Market Value per
Custodian (US
Bank)
Unrealized
Gain/(Loss)
September 30, 2023 $25,892,819 $25,254,108 ($638,711)
December 31, 2023 $25,942,487 $25,871,881 ($70,606)
March 31, 2024 $26,101,690 $25,988,635 ($113,055)
June 30, 2024 $26,290,427 $26,191,407 ($99,020)
September 30, 2024 $26,582,928 $26,960,813 $377,885
December 31, 2024 $26,858,340 $26,954,217 $95,877
March 31, 2025 $27,172,009 $27,402,860 $230,851
June 30, 2025 $27,495,347 $27,769,666 $274,319
September 30, 2025 $27,814,242 $28,131,241 $316,999
ATTACHMENTS:

1. Cash and Investment Report – September 30, 2025

2. Cash and Investment Portfolio Book Value by Type Chart – September 30, 2025

3. PFM Funds, Managed Account Detail of Securities Held – September 30, 2025

Page 152 of 354 ends

ATTACHMENT 1

CITY OF LA PALMA
September 30, 2025
Source of
Purchase Maturity Interest Face Book Market Market
Investment Type Issuer Date Date Rate Value Value Value Valuation Pooled Deposits and Investments*
Local Agency Investment Fund State NA NA 4.340% $ 17,192,906 $ 17,192,906 $ 17,226,081 LAIF Various eligible securities PFM Fund Manager (various issuers) NA various 4.370% 27,994,042 27,814,242 28,131,241 US Bank Deposit accounts NA NA NA NA 2,354,044 2,354,044 2,354,044 NA Cash on hand NA NA NA NA 7,425 7,425 7,425 NA
Funds with Corpay NA NA NA NA 272,755 272,755 272,755 NA Total Pooled Deposits and Investments $ 47,821,172 $ 47,641,372 $ 47,991,546 * The City and Successor Agency pool all cash and investments and neither has monies held by a fiscal agent. Amounts from the pool are available to each entity on demand.

Peter Kim, City Manager
I certify that this investment portfolio is in conformity with the August 2025 Statement of Investment Policy of the City of La Palma as stated in City Council Resolution No. 2025-37. The Investment Program provides sufficient liquidity to meet the next six months' estimated expenditures.

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ATTACHMENT 2
Local Agency
Investment Fund
$17,192,906
36%
PFM Investments
$27,814,242
58%
Funds with Corpay
$272,755
1%
Cash & Deposits
$2,361,469
5%
Cash and Investment Portfolio
Book Value by Type
September 30, 2025

Page 154 of 354 ends

CITY OF LA PALMA

ACCOUNT STATEMENT
For the Month Ending
September 30, 2025
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF LA PALMA

MR JOSEPH CISNEROS
7822 WALKER STREET
LA PALMA, CA 90623
Client Management Team
Accounts included in Statement
995341 OPERATING PORTFOLIO
Online Access www.pfmam.com Customer Service 1-800-338-3383 Important Messages
PFM AM will be closed on 10/13/2025 for Columbus Day.

PFM AM will be closed on 11/11/2025 for Veterans Day.

Robert Montoya
Institutional Sales & Relationship Manager
633 W 5th Street, Suite/Floor 2560
Los Angeles, CA 90071
262-725-1090
[email protected]

Page 155 of 354 ends

For the Month Ending September 30, 2025
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

Average maturity represents the average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. The stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.

Monthly distribution yield represents the net change in the value of one share (normally $1.00 per share) resulting from all dividends declared during the month by a fund expressed as a percentage of the value of one share at the beginning of the month. This resulting net change is then annualized by multiplying it by 365 and dividing it by the number of calendar days in the month.

YTM at Cost The yield to maturity at cost is the expected rate of return, based on the original cost, the annual interest receipts, maturity value and the time period from purchase date to maturity, stated as a percentage, on an annualized basis.

YTM at Market The yield to maturity at market is the rate of return, based on the current market value, the annual interest receipts, maturity value and the time period remaining until maturity, stated as a percentage, on an annualized basis.

Managed Account A portfolio of investments managed discretely by PFMAM according to the client’s specific investment policy and requirements. The investments are directly owned by the client and held by the client’s custodian.

Unsettled Trade A trade which has been executed however the final consummation of the security transaction and payment has not yet taken place.

Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information about a transaction, please contact PFMAM within 60 days of receipt. If you have other concerns or questions regarding your account, or to request an updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.

PFM Asset Management
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE
This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.

Proxy Voting PFMAM does not normally receive proxies to vote on behalf of its clients.

However, it does on occasion receive consent requests. In the event a consent request is received the portfolio manager contacts the client and then proceeds according to their instructions. PFMAM’s Proxy Voting Policy is available upon request by contacting Service Operations at the address below.

Questions About an Account PFMAM’s monthly statement is intended to detail our investment advisory activity as well as the activity of any accounts held by clients in pools that are managed by PFMAM. The custodian bank maintains the control of assets and executes (i.e., settles) all investment transactions. The custodian statement is the official record of security and cash holdings and transactions. PFMAM recognizes that clients may use these reports to facilitate record keeping and that the custodian bank statement and the PFMAM statement should be reconciled and differences resolved.

Many custodians use a settlement date basis which may result in the need to reconcile due to a timing difference.

Account Control PFMAM does not have the authority to withdraw funds from or deposit funds to the custodian outside the scope of services provided by PFMAM. Our clients retain responsibility for their internal accounting policies; implementing and enforcing internal controls and generating ledger entries or otherwise recording transactions.

Market Value Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may be differences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local government investment program is contained in the appropriate fund offering documentation or information statement.

Amortized Cost The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short term securities (those with less than one year to maturity at time of issuance) is amortized on a straightline basis. Such discount or premium with respect to longer term securities is amortized using the constant yield basis.

Tax Reporting Cost data and realized gains / losses are provided for informational purposes only. Please review for accuracy and consult your tax advisor to determine the tax consequences of your security transactions. PFMAM does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information that may be required to be reported to federal, state or other taxing authorities.

Financial Situation In order to better serve you, PFMAM should be promptly notified of any material change in your investment objective or financial situation.

Callable Securities Securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented.

Portfolio The securities in this portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by PFMAM, the FDIC (except for certain non-negotiable certificates of deposit) or any government agency. Investment in securities involves risks, including the possible loss of the amount invested. Actual settlement values, accrued interest, and amortized cost amounts may vary for securities subject to an adjustable interest rate or subject to principal paydowns. Any changes to the values shown may be reflected within the next monthly statement’s beginning values.

Rating Information provided for ratings is based upon a good faith inquiry of selected sources, but its accuracy and completeness cannot be guaranteed.

Shares of some local government investment programs and TERM funds are distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
https://www.finra.org/investors/investor-contacts. A brochure describing the FINRA Regulation Public Disclosure Program is also available from FINRA upon request.

Key Terms and Definitions
Dividends on local government investment program funds consist of interest earned, plus any discount ratably amortized to the date of maturity, plus all realized gains and losses on the sale of securities prior to maturity, less ratable amortization of any premium and all accrued expenses to the fund. Dividends are accrued daily and may be paid either monthly or quarterly. The monthly earnings on this statement represent the estimated dividend accrued for the month for any program that distributes earnings on a quarterly basis. There is no guarantee that the estimated amount will be paid on the actual distribution date.

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by

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Account Statement - Transaction Summary For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
27,891,604.21
1,404,752.82
(1,239,687.85)
11,073.76
$28,067,742.94
PFMAM Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 102,560.35
September 30, 2025 August 31, 2025
Asset Summary
PFMAM Managed Account 28,067,742.94 27,891,604.21
Total $28,067,742.94 $27,891,604.21
Asset Allocation
100.00%
PFMAM Managed
Account
PFM Asset Management, a division of Account 995341 Page 1 U.S. Bancorp Asset Management, Inc.

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Managed Account Summary Statement For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$0.00

0.00 0.00
$0.00

0.00 $27,891,604.21
(155,816.79)
(1,083,871.06)
1,404,752.82

0.00 11,073.76
$28,067,742.94
$27,891,604.21
$28,067,742.94
101,421.02
(2,019.36)
3,158.69
$102,560.35

0.00 1,096,263.11
89,028.97
155,816.79
(1,406,772.18)
(2,799.97)

0.00 Managed Account Total
27,831,823.82 27,831,823.82
204,603.61
1,096,263.11
155,816.79
89,028.97
(1,406,772.18)
(27,655,359.65)
(208,658.01)

0.00 204,603.61
1,096,263.11
155,816.79
89,028.97
(1,406,772.18)
(27,655,359.65)
(208,658.01)

0.00 Total Accrual Basis Earnings $106,746.46 $106,746.46 Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $63,495.45
PFM Asset Management, a division of Account 995341 Page 2 U.S. Bancorp Asset Management, Inc.

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Portfolio Summary and Statistics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 11,950,000.00 12,026,560.78 42.86 Municipal Bond / Note 115,000.00 116,227.97 0.41
Federal Agency Commercial
Mortgage-Backed Security
3,169,322.75 3,127,113.60 11.14
Corporate Note 7,150,000.00 7,205,651.10 25.67
Certificate of Deposit 200,000.00 203,287.40 0.72
Asset-Backed Security 5,346,224.20 5,388,902.09 19.20
Managed Account Sub-Total 27,930,546.95 28,067,742.94 100.00% Accrued Interest 204,603.61
Total Portfolio 27,930,546.95 28,272,346.55
Unsettled Trades 0.00 0.00
Sector Allocation

19.20%
ABS

0.72%
Cert of Deposit

25.67%
Corporate Note

11.14%
Federal Agency
Commercial
Mortgage-Backed
Security

0.41%
Muni Bond / Note

42.86%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

2.22%

4.19%

39.15%

37.42%

9.28%

7.74%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 839

4.37%

3.86%
PFM Asset Management, a division of Account 995341 Page 3 U.S. Bancorp Asset Management, Inc.

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Managed Account Issuer Summary For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Credit Quality (S&P Ratings)

5.27%
A

8.91%
A+

6.02%
A0.72%
A-1

0.65%
AA

54.49%
AA+

2.73%
AA13.85%
AAA

1.13%
BBB+

6.23%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Accenture PLC 35,036.64 0.12
Adobe Inc 203,467.24 0.72
Advanced Micro Devices Inc 100,871.60 0.36
Air Products and Chemicals Inc 141,266.72 0.50
Ally Auto Receivables Trust 186,424.43 0.66
Amazon.com Inc 138,475.68 0.49
American Express Co 664,897.52 2.37
Analog Devices Inc 151,050.60 0.54
Apple Inc 138,156.48 0.49
BA Credit Card Trust 197,289.35 0.70
Bank of America Corp 234,251.32 0.83
Bank of New York Mellon Corp 60,411.48 0.22
BlackRock Inc 131,730.17 0.47
BMW Vehicle Lease Trust 217,908.47 0.78
BP PLC 142,961.42 0.51
Bristol-Myers Squibb Co 40,521.12 0.14
Capital One Financial Corp 441,452.06 1.57
CarMax Inc 83,407.13 0.30
Caterpillar Inc 211,251.72 0.75
Charles Schwab Corp 207,113.33 0.74
Chevron Corp 387,525.53 1.38
Cintas Corp 85,364.65 0.30
Cisco Systems Inc 212,689.76 0.76
Citigroup Inc 423,863.92 1.51
Cooperatieve Rabobank UA 671,767.35 2.40
Cummins Inc 15,112.59 0.05
Deere & Co 111,441.00 0.40
Eli Lilly & Co 131,107.08 0.47
Federal Home Loan Mortgage Corp 2,824,668.98 10.07
Federal National Mortgage Association 302,444.62 1.08
Fifth Third Auto Trust 132,430.22 0.47
Ford Credit Auto Owner Trust 285,782.42 1.02
PFM Asset Management, a division of Account 995341 Page 4 U.S. Bancorp Asset Management, Inc.

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Managed Account Issuer Summary For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Issuer of Holdings Percent
Market Value
GM Financial Consumer Automobile Receiv 330,532.80 1.18 Goldman Sachs Group Inc 151,433.57 0.54
Groupe BPCE 203,287.40 0.72
Harley-Davidson Inc 36,744.95 0.13
Hershey Co 55,872.85 0.20
Home Depot Inc 194,336.51 0.69
Honda Auto Receivables Owner Trust 378,297.90 1.35
Honda Motor Co Ltd 201,944.88 0.72
Honeywell International Inc 131,542.06 0.47
Hormel Foods Corp 111,235.96 0.40
Hyundai Auto Receivables Trust 383,105.51 1.36
Johnson & Johnson 40,791.80 0.15
JPMorgan Chase & Co 552,905.88 1.97
Lockheed Martin Corp 30,187.08 0.11
Los Angeles Unified School District/CA 116,227.97 0.41
Mastercard Inc 131,449.65 0.47
Mercedes-Benz Auto Receivables Trust 199,197.20 0.71
Morgan Stanley 76,498.05 0.27
National Rural Utilities Cooperative Fi 229,737.48 0.82 Nissan Auto Receivables Owner Trust 390,718.42 1.39
PACCAR Inc 206,340.57 0.74
PepsiCo Inc 202,781.20 0.72
PNC Financial Services Group Inc 15,016.20 0.05
State Street Corp 156,603.26 0.56
Target Corp 35,348.08 0.13
Texas Instruments Inc 116,092.27 0.41
Toyota Auto Receivables Owner Trust 589,439.79 2.10
Toyota Motor Corp 165,718.40 0.59
Truist Financial Corp 85,070.38 0.30
Unilever PLC 100,753.00 0.36
United States Treasury 12,026,560.78 42.86
UnitedHealth Group Inc 196,597.64 0.70
Verizon Master Trust 151,246.05 0.54
PFM Asset Management, a division of Account 995341 Page 5 U.S. Bancorp Asset Management, Inc.

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Managed Account Issuer Summary For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Issuer of Holdings Percent
Market Value
Volkswagen Auto Loan Enhanced Trust 197,060.71 0.70
Walmart Inc 45,306.05 0.16
Wells Fargo & Co 393,585.41 1.40
WF Card Issuance Trust 126,032.63 0.45
Total $28,067,742.94 100.00%
PFM Asset Management, a division of Account 995341 Page 6 U.S. Bancorp Asset Management, Inc.

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US TREASURY N/B
DTD 01/16/2024 4.000% 01/15/2027
91282CJT9 650,000.00 AA+ Aa1 02/01/24 02/06/24 650,482.43 3.97 5,510.87 650,218.87 652,437.50

US TREASURY N/B
DTD 02/15/2024 4.125% 02/15/2027
91282CKA8 125,000.00 AA+ Aa1 02/13/24 02/16/24 124,072.27 4.39 658.54 124,560.68 125,722.63

US TREASURY N/B
DTD 02/15/2024 4.125% 02/15/2027
91282CKA8 750,000.00 AA+ Aa1 03/07/24 03/11/24 746,396.48 4.30 3,951.26 748,258.39 754,335.75

US TREASURY N/B
DTD 03/15/2024 4.250% 03/15/2027
91282CKE0 325,000.00 AA+ Aa1 04/10/24 04/12/24 320,543.95 4.76 610.50 322,705.27 327,640.63

US TREASURY N/B
DTD 04/15/2024 4.500% 04/15/2027
91282CKJ9 300,000.00 AA+ Aa1 05/08/24 05/10/24 298,675.78 4.66 6,233.61 299,283.24 303,703.20

US TREASURY N/B
DTD 05/15/2024 4.500% 05/15/2027
91282CKR1 100,000.00 AA+ Aa1 06/25/24 06/26/24 99,972.66 4.51 1,699.73 99,984.22 101,304.70

US TREASURY N/B
DTD 05/15/2024 4.500% 05/15/2027
91282CKR1 700,000.00 AA+ Aa1 06/06/24 06/10/24 699,726.56 4.51 11,898.10 699,845.19 709,132.90

US TREASURY N/B
DTD 06/17/2024 4.625% 06/15/2027
91282CKV2 150,000.00 AA+ Aa1 06/27/24 06/28/24 150,521.48 4.50 2,047.13 150,308.10 152,384.70

US TREASURY N/B
DTD 06/17/2024 4.625% 06/15/2027
91282CKV2 275,000.00 AA+ Aa1 07/10/24 07/11/24 276,654.30 4.40 3,753.07 275,988.39 279,371.95

US TREASURY N/B
DTD 06/17/2024 4.625% 06/15/2027
91282CKV2 300,000.00 AA+ Aa1 07/08/24 07/09/24 301,828.13 4.40 4,094.26 301,089.97 304,769.40

US TREASURY N/B
DTD 06/17/2024 4.625% 06/15/2027
91282CKV2 375,000.00 AA+ Aa1 07/01/24 07/05/24 375,424.80 4.58 5,117.83 375,252.87 380,961.75

US TREASURY N/B
DTD 07/15/2024 4.375% 07/15/2027
91282CKZ3 150,000.00 AA+ Aa1 08/08/24 08/09/24 152,009.77 3.89 1,390.96 151,252.14 151,880.85

US TREASURY N/B
DTD 08/15/2024 3.750% 08/15/2027
91282CLG4 475,000.00 AA+ Aa1 09/05/24 09/06/24 476,781.25 3.61 2,274.97 476,156.32 475,983.25

US TREASURY N/B
DTD 08/15/2024 3.750% 08/15/2027
91282CLG4 800,000.00 AA+ Aa1 09/04/24 09/05/24 802,562.50 3.63 3,831.52 801,661.50 801,656.00 PFM Asset Management, a division of Account 995341 Page 7 U.S. Bancorp Asset Management, Inc.

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US TREASURY N/B
DTD 09/16/2024 3.375% 09/15/2027
91282CLL3 475,000.00 AA+ Aa1 10/01/24 10/04/24 473,088.87 3.52 708.56 473,710.32 472,810.73

US TREASURY N/B
DTD 09/16/2024 3.375% 09/15/2027
91282CLL3 500,000.00 AA+ Aa1 10/02/24 10/04/24 497,656.25 3.54 745.86 498,418.04 497,695.50

US TREASURY N/B
DTD 10/15/2024 3.875% 10/15/2027
91282CLQ2 50,000.00 AA+ Aa1 10/31/24 11/04/24 49,654.30 4.13 894.64 49,756.42 50,246.10

US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
91282CLX7 150,000.00 AA+ Aa1 12/05/24 12/06/24 150,023.44 4.12 2,337.13 150,017.20 151,529.25

US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
91282CLX7 300,000.00 AA+ Aa1 12/02/24 12/04/24 300,058.59 4.12 4,674.25 300,043.45 303,058.50

US TREASURY N/B
DTD 11/15/2024 4.125% 11/15/2027
91282CLX7 300,000.00 AA+ Aa1 12/03/24 12/05/24 300,164.06 4.10 4,674.25 300,120.71 303,058.50

US TREASURY N/B
DTD 12/16/2024 4.000% 12/15/2027
91282CMB4 525,000.00 AA+ Aa1 01/02/25 01/06/25 520,898.44 4.28 6,196.72 521,877.77 529,306.58

US TREASURY N/B
DTD 01/15/2025 4.250% 01/15/2028
91282CMF5 525,000.00 AA+ Aa1 02/03/25 02/06/25 524,282.23 4.30 4,729.28 524,434.07 532,157.33

US TREASURY N/B
DTD 02/18/2025 4.250% 02/15/2028
91282CMN8 200,000.00 AA+ Aa1 03/03/25 03/05/25 201,593.75 3.96 1,085.60 201,295.59 202,836.00

US TREASURY N/B
DTD 03/17/2025 3.875% 03/15/2028
91282CMS7 425,000.00 AA+ Aa1 04/09/25 04/11/25 423,671.88 3.99 727.90 423,875.42 427,672.83

US TREASURY N/B
DTD 05/15/2025 3.750% 05/15/2028
91282CND9 150,000.00 AA+ Aa1 05/12/25 05/15/25 149,068.36 3.97 2,124.66 149,180.18 150,480.45

US TREASURY N/B
DTD 05/15/2025 3.750% 05/15/2028
91282CND9 200,000.00 AA+ Aa1 06/06/25 06/10/25 199,140.63 3.91 2,832.88 199,226.77 200,640.60

US TREASURY N/B
DTD 05/15/2025 3.750% 05/15/2028
91282CND9 350,000.00 AA+ Aa1 06/05/25 06/09/25 348,632.81 3.89 4,957.54 348,771.00 351,121.05

US TREASURY N/B
DTD 06/16/2025 3.875% 06/15/2028
91282CNH0 150,000.00 AA+ Aa1 06/11/25 06/16/25 149,443.36 4.01 1,715.16 149,495.11 150,984.45 PFM Asset Management, a division of Account 995341 Page 8 U.S. Bancorp Asset Management, Inc.

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US TREASURY N/B
DTD 06/16/2025 3.875% 06/15/2028
91282CNH0 400,000.00 AA+ Aa1 07/02/25 07/07/25 401,234.38 3.76 4,573.77 401,140.52 402,625.20

US TREASURY N/B
DTD 07/15/2025 3.875% 07/15/2028
91282CNM9 125,000.00 AA+ Aa1 07/09/25 07/15/25 125,190.43 3.82 1,026.66 125,177.83 125,810.50

US TREASURY N/B
DTD 07/15/2025 3.875% 07/15/2028
91282CNM9 150,000.00 AA+ Aa1 08/01/25 08/06/25 149,894.53 3.90 1,232.00 149,899.91 150,972.60

US TREASURY N/B
DTD 07/15/2025 3.875% 07/15/2028
91282CNM9 350,000.00 AA+ Aa1 07/28/25 07/30/25 350,000.00 3.87 2,874.66 350,000.00 352,269.40

US TREASURY N/B
DTD 08/15/2025 3.625% 08/15/2028
91282CNU1 125,000.00 AA+ Aa1 08/07/25 08/15/25 124,799.81 3.68 578.72 124,808.20 125,000.00

US TREASURY N/B
DTD 08/15/2025 3.625% 08/15/2028
91282CNU1 1,025,000.00 AA+ Aa1 09/02/25 09/04/25 1,024,919.92 3.63 4,745.50 1,024,922.40 1,025,000.00 Security Type Sub-Total 11,950,000.00 11,939,068.40 4.04 106,508.09 11,942,736.06 12,026,560.78 Municipal Bond / Note

LOS ANGELES UNIF SD-B
DTD 05/13/2025 4.382% 07/01/2027
544647KX7 115,000.00 NR Aa2 04/24/25 05/13/25 115,000.00 4.38 1,931.73 115,000.00 116,227.97 Security Type Sub-Total 115,000.00 115,000.00 4.38 1,931.73 115,000.00 116,227.97 Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 106,620.41 AA+ Aa1 03/01/23 03/06/23 100,406.43 4.90 243.89 105,938.60 106,019.49 FNA 2016-M3 A2
DTD 03/01/2016 2.702% 02/01/2026
3136ARTE8 106,482.94 AA+ Aa1 10/06/22 10/12/22 100,459.99 4.51 239.76 105,767.93 105,753.42 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 111,025.15 AA+ Aa1 10/05/23 10/11/23 103,014.86 5.05 211.13 108,679.51 109,594.59 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 114,872.40 AA+ Aa1 03/02/23 03/07/23 106,822.35 4.81 246.02 112,929.29 113,595.71 PFM Asset Management, a division of Account 995341 Page 9 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 114,872.40 AA+ Aa1 05/18/23 05/23/23 109,227.50 4.22 246.02 113,419.16 113,595.71 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 175,000.00 AA+ Aa1 04/12/23 04/17/23 167,036.13 4.10 386.90 172,863.99 172,937.80 FHMS K059 A2
DTD 11/01/2016 3.120% 09/01/2026
3137BSRE5 124,958.14 AA+ Aa1 11/15/23 11/20/23 118,353.90 5.11 324.89 122,541.84 123,896.50 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 81,423.75 AA+ Aa1 05/19/23 05/24/23 78,917.43 4.29 227.10 80,600.90 80,613.18 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 190,000.00 AA+ Aa1 10/17/23 10/20/23 179,134.38 5.33 543.08 185,616.76 188,790.46 FNA 2024-M6 A2
DTD 11/01/2024 3.001% 07/01/2027
3136BTGM9 200,000.00 AA+ Aa1 12/12/24 12/17/24 193,000.00 4.32 500.16 195,023.32 196,691.20 FHMS K067 A2
DTD 09/01/2017 3.194% 07/01/2027
3137FAWS3 205,000.00 AA+ Aa1 06/04/25 06/09/25 200,659.77 4.23 545.64 201,265.57 202,325.57 FHMS K068 A2
DTD 10/01/2017 3.244% 08/01/2027
3137FBBX3 125,000.00 AA+ Aa1 06/17/24 06/21/24 119,248.05 4.80 337.92 121,443.86 123,534.62 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
3137FBU79 92,751.39 AA+ Aa1 06/17/24 06/21/24 88,266.00 4.78 246.33 89,931.58 91,427.74 FHMS K739 A2
DTD 11/01/2020 1.336% 09/01/2027
3137F64P9 221,316.17 AA+ Aa1 10/30/24 11/04/24 204,328.42 4.14 246.40 209,416.54 211,971.54 FHMS K074 A2
DTD 03/01/2018 3.600% 01/01/2028
3137F4D41 135,000.00 AA+ Aa1 02/27/25 03/04/25 132,104.88 4.39 405.00 132,648.58 134,028.68 FHMS K075 A2
DTD 04/01/2018 3.650% 02/01/2028
3137F4X72 120,000.00 AA+ Aa1 05/21/25 05/27/25 117,735.94 4.40 365.00 117,945.39 119,235.36 FHMS K075 A2
DTD 04/01/2018 3.650% 02/01/2028
3137F4X72 140,000.00 AA+ Aa1 03/05/25 03/10/25 137,555.47 4.28 425.83 137,991.19 139,107.92 FHMS K076 A2
DTD 05/01/2018 3.900% 04/01/2028
3137FEZU7 225,000.00 AA+ Aa1 03/04/25 03/07/25 222,521.48 4.27 731.25 222,943.66 224,968.95 PFM Asset Management, a division of Account 995341 Page 10 U.S. Bancorp Asset Management, Inc.

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COOPERAT RABOBANK UA/NY
DTD 01/09/2024 4.850% 01/09/2026
21688ABA9 390,000.00 A+ Aa2 01/02/24 01/09/24 389,851.80 4.87 4,308.42 389,979.17 390,633.75

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/09/2023 4.450% 03/13/2026
63743HFH0 20,000.00 A- A2 02/02/23 02/09/23 19,985.80 4.47 44.50 19,997.94 20,009.00

WELLS FARGO & COMPANY
DTD 04/22/2016 3.000% 04/22/2026
949746RW3 100,000.00 BBB+ A1 03/28/23 03/30/23 94,080.00 5.11 1,325.00 98,920.22 99,418.40

CHARLES SCHWAB CORP (CALLABLE)
DTD 05/13/2021 1.150% 05/13/2026
808513BR5 100,000.00 A- A2 08/01/24 08/02/24 93,667.00 4.91 440.83 97,746.57 98,258.10

AMERICAN HONDA FINANCE
DTD 07/07/2023 5.250% 07/07/2026
02665WEK3 55,000.00 A- A3 07/05/23 07/07/23 54,932.35 5.29 673.75 54,982.71 55,465.52

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/07/2026
89236TMJ1 30,000.00 A+ A1 08/06/24 08/09/24 29,981.40 4.58 204.75 29,991.90 30,159.63

HOME DEPOT INC (CALLABLE)
DTD 12/04/2023 4.950% 09/30/2026
437076CV2 55,000.00 A A2 11/27/23 12/04/23 54,879.55 5.04 7.56 54,955.56 55,571.07

TRUIST FINANCIAL CORP (CALLABLE)
DTD 10/28/2022 5.900% 10/28/2026
89788MAJ1 85,000.00 A- Baa1 10/26/22 10/28/22 85,000.00 5.90 2,131.38 85,000.00 85,070.38

STATE STREET CORP (CALLABLE)
DTD 11/04/2022 5.751% 11/04/2026
857477BX0 25,000.00 A Aa3 11/01/22 11/04/22 25,000.00 5.75 587.08 25,000.00 25,029.20

AMERICAN EXPRESS CO (CALLABLE)
DTD 11/04/2021 1.650% 11/04/2026
025816CM9 100,000.00 A- A2 06/18/24 06/20/24 92,036.00 5.26 673.75 96,214.34 97,502.70 PFM Asset Management, a division of Account 995341 Page 11 U.S. Bancorp Asset Management, Inc.

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NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 11/02/2023 5.600% 11/13/2026
63743HFK3 40,000.00 A- A2 10/30/23 11/02/23 39,986.00 5.61 858.67 39,994.58 40,650.40

PACCAR FINANCIAL CORP
DTD 11/25/2024 4.500% 11/25/2026
69371RT55 35,000.00 A+ A1 11/18/24 11/25/24 34,970.25 4.54 551.25 34,982.60 35,271.28

WELLS FARGO BANK NA (CALLABLE)
DTD 12/11/2023 5.254% 12/11/2026
94988J6F9 290,000.00 A+ Aa2 12/04/23 12/11/23 290,000.00 5.25 4,655.63 290,000.00 294,167.01

CATERPILLAR FINL SERVICE
DTD 01/08/2024 4.500% 01/08/2027
14913UAE0 95,000.00 A A2 01/02/24 01/08/24 94,897.40 4.54 985.63 94,954.96 95,735.49

PNC FINANCIAL SERVICES (CALLABLE)
DTD 01/24/2023 4.758% 01/26/2027
693475BL8 15,000.00 A- A3 01/19/23 01/24/23 15,000.00 4.76 128.86 15,000.00 15,016.20

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2027
882508CE2 115,000.00 A+ Aa3 02/05/24 02/08/24 114,926.40 4.62 778.81 114,965.73 116,092.27

ELI LILLY & CO (CALLABLE)
DTD 02/09/2024 4.500% 02/09/2027
532457CJ5 130,000.00 A+ Aa3 02/07/24 02/09/24 129,931.10 4.52 845.00 129,967.90 131,107.08

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 02/22/2024 4.900% 02/22/2027
110122EE4 40,000.00 A A2 02/14/24 02/22/24 39,956.80 4.94 212.33 39,979.23 40,521.12

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.800% 02/26/2027
17275RBQ4 160,000.00 AA- A1 02/21/24 02/26/24 159,792.00 4.85 746.67 159,899.26 161,920.96

CHEVRON USA INC
DTD 02/26/2025 4.405% 02/26/2027
166756AZ9 175,000.00 AA- Aa2 02/24/25 02/26/25 175,000.00 4.41 749.46 175,000.00 176,474.90

CHARLES SCHWAB CORP (CALLABLE)
DTD 03/02/2017 3.200% 03/02/2027
808513AQ8 110,000.00 A- A2 04/23/25 04/24/25 107,500.80 4.49 283.56 108,069.67 108,855.23

JOHN DEERE CAPITAL CORP
DTD 03/07/2024 4.850% 03/05/2027
24422EXM6 110,000.00 A A1 03/04/24 03/07/24 109,897.70 4.88 385.31 109,949.49 111,441.00

AMERICAN HONDA FINANCE
DTD 03/13/2024 4.900% 03/12/2027
02665WFD8 80,000.00 A- A3 03/11/24 03/13/24 79,956.00 4.92 206.89 79,978.03 80,919.84

STATE STREET CORP (CALLABLE)
DTD 03/18/2024 4.993% 03/18/2027
857477CL5 70,000.00 A Aa3 03/13/24 03/18/24 70,000.00 4.99 126.21 70,000.00 71,077.44 PFM Asset Management, a division of Account 995341 Page 12 U.S. Bancorp Asset Management, Inc.

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HORMEL FOODS CORP (CALLABLE)
DTD 03/08/2024 4.800% 03/30/2027
440452AK6 55,000.00 A- A1 03/05/24 03/08/24 54,946.65 4.84 7.33 54,978.46 55,617.98

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.850% 04/04/2027
00724PAE9 80,000.00 A+ A1 04/01/24 04/04/24 79,960.00 4.87 1,907.67 79,979.19 81,173.68

UNITEDHEALTH GROUP INC (CALLABLE)
DTD 03/21/2024 4.600% 04/15/2027
91324PEY4 195,000.00 A+ A2 03/19/24 03/21/24 193,640.85 4.85 4,136.17 194,293.30 196,597.64

WALMART INC
DTD 04/28/2025 4.100% 04/28/2027
931142FL2 45,000.00 AA Aa2 04/23/25 04/28/25 44,994.15 4.11 784.13 44,995.38 45,306.05

GOLDMAN SACHS BANK USA (CALLABLE)
DTD 05/21/2024 5.414% 05/21/2027
38151LAG5 80,000.00 A+ A1 05/15/24 05/21/24 80,000.00 5.41 1,564.04 80,000.00 80,614.08

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.875% 06/25/2027
437076DB5 40,000.00 A A2 06/17/24 06/25/24 39,867.60 5.00 520.00 39,921.24 40,662.04

BLACKROCK FUNDING INC (CALLABLE)
DTD 07/26/2024 4.600% 07/26/2027
09290DAH4 130,000.00 AA- Aa3 07/17/24 07/26/24 129,996.10 4.60 1,079.72 129,997.76 131,730.17

HONEYWELL INTERNATIONAL (CALLABLE)
DTD 08/01/2024 4.650% 07/30/2027
438516CX2 130,000.00 A A2 07/29/24 08/01/24 129,996.10 4.65 1,024.29 129,997.74 131,542.06

PACCAR FINANCIAL CORP
DTD 08/06/2024 4.450% 08/06/2027
69371RT30 70,000.00 A+ A1 08/01/24 08/06/24 69,906.90 4.50 475.90 69,941.36 70,803.39

UNILEVER CAPITAL CORP (CALLABLE)
DTD 08/12/2024 4.250% 08/12/2027
904764BU0 100,000.00 A+ A1 08/08/24 08/12/24 99,869.00 4.30 578.47 99,916.72 100,753.00 AMAZON.COM INC (CALLABLE)
DTD 06/06/2018 3.150% 08/22/2027
023135BC9 140,000.00 AA A1 04/09/25 04/10/25 136,409.00 4.30 477.75 137,101.13 138,475.68

HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
437076BT8 100,000.00 A A2 04/24/25 04/25/25 96,766.00 4.24 132.22 97,329.29 98,103.40

ACCENTURE CAPITAL INC (CALLABLE)
DTD 10/04/2024 3.900% 10/04/2027
00440KAA1 35,000.00 AA- Aa3 10/01/24 10/04/24 34,954.85 3.95 671.13 34,969.21 35,036.64 PFM Asset Management, a division of Account 995341 Page 13 U.S. Bancorp Asset Management, Inc.

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TOYOTA MOTOR CREDIT CORP
DTD 10/10/2024 4.350% 10/08/2027
89236TMS1 35,000.00 A+ A1 10/07/24 10/10/24 34,986.35 4.36 731.65 34,990.63 35,296.77

AMERICAN HONDA FINANCE
DTD 10/23/2024 4.450% 10/22/2027
02665WFT3 65,000.00 A- A3 10/21/24 10/23/24 64,955.15 4.47 1,277.52 64,968.64 65,559.52

JPMORGAN CHASE & CO (CALLABLE)
DTD 10/23/2023 6.070% 10/22/2027
46647PDW3 120,000.00 A A1 10/16/23 10/23/23 120,000.00 6.07 3,217.10 120,000.00 122,386.08

APPLE INC (CALLABLE)
DTD 11/13/2017 3.000% 11/13/2027
037833DK3 140,000.00 AA+ Aaa 04/09/25 04/10/25 135,685.20 4.27 1,610.00 136,441.83 138,156.48

BP CAP MARKETS AMERICA (CALLABLE)
DTD 05/17/2024 5.017% 11/17/2027
10373QBY5 140,000.00 A- A1 05/15/24 05/17/24 140,000.00 5.02 2,614.41 140,000.00 142,961.42

MASTERCARD INC (CALLABLE)
DTD 09/05/2024 4.100% 01/15/2028
57636QBA1 60,000.00 A+ Aa3 09/03/24 09/05/24 59,967.00 4.12 519.33 59,977.17 60,317.82

ADOBE INC (CALLABLE)
DTD 01/17/2025 4.750% 01/17/2028
00724PAH2 120,000.00 A+ A1 01/14/25 01/17/25 119,936.40 4.77 1,171.67 119,950.77 122,293.56

COOPERAT RABOBANK UA/NY
DTD 01/21/2025 4.883% 01/21/2028
21688ABK7 275,000.00 A+ Aa2 01/13/25 01/21/25 275,000.00 4.88 2,611.05 275,000.00 281,133.60

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 80,000.00 A- A1 08/07/25 08/08/25 78,531.20 4.18 408.00 78,614.31 78,834.80

PEPSICO INC (CALLABLE)
DTD 02/07/2025 4.450% 02/07/2028
713448GA0 200,000.00 A+ A1 02/05/25 02/07/25 199,916.00 4.47 1,335.00 199,933.36 202,781.20

CISCO SYSTEMS INC (CALLABLE)
DTD 02/24/2025 4.550% 02/24/2028
17275RBW1 50,000.00 AA- A1 02/19/25 02/24/25 49,946.00 4.59 233.82 49,956.34 50,768.80

HERSHEY COMPANY (CALLABLE)
DTD 02/24/2025 4.550% 02/24/2028
427866BK3 55,000.00 A A1 02/19/25 02/24/25 54,962.05 4.57 257.20 54,969.37 55,872.85

JOHNSON & JOHNSON (CALLABLE)
DTD 02/20/2025 4.550% 03/01/2028
478160DH4 40,000.00 AAA Aaa 02/18/25 02/20/25 39,976.80 4.57 151.67 39,981.26 40,791.80

MASTERCARD INC (CALLABLE)
DTD 02/27/2025 4.550% 03/15/2028
57636QBF0 70,000.00 A+ Aa3 02/18/25 02/27/25 69,946.80 4.58 141.56 69,956.74 71,131.83 PFM Asset Management, a division of Account 995341 Page 14 U.S. Bancorp Asset Management, Inc.

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ADVANCED MICRO DEVICES (CALLABLE)
DTD 03/24/2025 4.319% 03/24/2028
007903BJ5 100,000.00 A A2 03/10/25 03/24/25 100,000.00 4.32 83.98 100,000.00 100,871.60

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2 100,000.00 A A1 04/15/24 04/22/24 100,000.00 5.57 2,460.53 100,000.00 102,184.10

GOLDMAN SACHS GROUP INC (CALLABLE)
DTD 04/23/2025 4.937% 04/23/2028
38141GC77 70,000.00 BBB+ A2 04/15/25 04/23/25 70,000.00 4.94 1,516.76 70,000.00 70,819.49

STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.543% 04/24/2028
857477DA8 60,000.00 A Aa3 04/22/25 04/24/25 60,000.00 4.54 1,188.75 60,000.00 60,496.62 CINTAS CORPORATION NO. 2 (CALLABLE)
DTD 05/02/2025 4.200% 05/01/2028
17252MAR1 85,000.00 A- A3 04/28/25 05/02/25 84,891.20 4.25 1,477.58 84,905.51 85,364.65

CITIGROUP INC (CALLABLE)
DTD 05/07/2025 4.643% 05/07/2028
172967PZ8 145,000.00 BBB+ A3 05/01/25 05/07/25 145,000.00 4.64 2,692.94 145,000.00 146,002.82

CUMMINS INC (CALLABLE)
DTD 05/09/2025 4.250% 05/09/2028
231021AY2 15,000.00 A A2 05/06/25 05/09/25 14,989.50 4.28 251.46 14,990.81 15,112.59

BANK OF NY MELLON CORP (CALLABLE)
DTD 06/10/2025 4.441% 06/09/2028
06406RCH8 60,000.00 A Aa3 06/03/25 06/10/25 60,000.00 4.44 821.59 60,000.00 60,411.48

AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 06/11/2025 4.300% 06/11/2028
009158BN5 140,000.00 A A2 06/09/25 06/11/25 139,906.20 4.32 1,839.44 139,915.44 141,266.72

TARGET CORP (CALLABLE)
DTD 06/10/2025 4.350% 06/15/2028
87612EBU9 35,000.00 A A2 06/05/25 06/10/25 34,999.65 4.35 469.44 34,999.73 35,348.08

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.250% 06/15/2028
032654BD6 150,000.00 A- A2 06/12/25 06/16/25 149,838.00 4.29 1,859.38 149,853.26 151,050.60

AMERICAN EXPRESS CO (CALLABLE)
DTD 07/26/2024 5.043% 07/26/2028
025816DV8 20,000.00 A- A2 07/22/24 07/26/24 20,000.00 5.04 182.11 20,000.00 20,341.26

PACCAR FINANCIAL CORP
DTD 08/08/2025 4.000% 08/08/2028
69371RT97 100,000.00 A+ A1 08/04/25 08/08/25 99,941.00 4.02 588.89 99,943.95 100,265.90

CHEVRON USA INC (CALLABLE)
DTD 08/13/2025 4.050% 08/13/2028
166756BH8 210,000.00 AA- Aa2 08/11/25 08/13/25 209,983.20 4.05 1,134.00 209,984.24 211,050.63 PFM Asset Management, a division of Account 995341 Page 15 U.S. Bancorp Asset Management, Inc.

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LOCKHEED MARTIN CORP (CALLABLE)
DTD 07/28/2025 4.150% 08/15/2028
539830CK3 30,000.00 A- A2 07/23/25 07/28/25 29,961.90 4.19 217.88 29,964.01 30,187.08

CATERPILLAR FINL SERVICE
DTD 08/15/2025 4.100% 08/15/2028
14913UBB5 115,000.00 A A2 08/11/25 08/15/25 114,983.90 4.11 602.47 114,984.57 115,516.23

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 08/25/2025 4.150% 08/25/2028
63743HFZ0 45,000.00 NR A2 08/19/25 08/25/25 44,949.60 4.19 186.75 44,951.22 45,121.64

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 08/25/2025 4.150% 08/25/2028
63743HFZ0 45,000.00 NR A2 08/20/25 08/25/25 45,000.00 4.15 186.75 45,000.00 45,121.64

TOYOTA MOTOR CREDIT CORP
DTD 09/05/2025 4.050% 09/05/2028
89236TNR2 100,000.00 A+ A1 09/02/25 09/05/25 99,877.00 4.09 292.50 99,880.05 100,262.00

BANK OF AMERICA CORP (CALLABLE)
DTD 01/24/2025 4.979% 01/24/2029
06051GMK2 230,000.00 A- A1 01/17/25 01/24/25 230,000.00 4.98 2,131.29 230,000.00 234,251.32

MORGAN STANLEY (CALLABLE)
DTD 04/17/2025 4.994% 04/12/2029
61747YFY6 75,000.00 A- A1 04/14/25 04/17/25 75,000.00 4.99 1,706.28 75,000.00 76,498.05

AMERICAN EXPRESS CO (CALLABLE)
DTD 04/25/2025 4.731% 04/25/2029
025816ED7 40,000.00 A- A2 04/22/25 04/25/25 40,063.20 4.69 820.04 40,054.63 40,630.36

AMERICAN EXPRESS CO (CALLABLE)
DTD 04/25/2025 4.731% 04/25/2029
025816ED7 50,000.00 A- A2 04/21/25 04/25/25 50,000.00 4.73 1,025.05 50,000.00 50,787.95 Security Type Sub-Total 7,150,000.00 7,110,675.50 4.70 75,293.29 7,128,096.94 7,205,651.10 Certificate of Deposit

NATIXIS NY BRANCH
DTD 09/20/2023 5.610% 09/18/2026
63873QP65 200,000.00 A-1 P-1 09/18/23 09/20/23 200,000.00 5.61 405.17 200,000.00 203,287.40 Security Type Sub-Total 200,000.00 200,000.00 5.61 405.17 200,000.00 203,287.40 Asset-Backed Security
ALLYA 2022-1 A3
DTD 05/18/2022 3.310% 11/15/2026
02008JAC0 69.69 AAA Aaa 05/10/22 05/18/22 69.68 3.31 0.10 69.69 69.67 PFM Asset Management, a division of Account 995341 Page 16 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
HART 2022-B A3
DTD 07/20/2022 3.720% 11/16/2026
44918MAD2 3,425.16 AAA NR 07/12/22 07/20/22 3,425.15 3.72 5.66 3,425.16 3,424.25 CARMX 2022-2 A3
DTD 04/28/2022 3.490% 02/16/2027
14317HAC5 6,535.17 AAA Aaa 04/21/22 04/28/22 6,534.18 3.49 10.14 6,534.89 6,531.35 COPAR 2022-1 A3
DTD 05/04/2022 3.170% 04/15/2027
14043QAC6 12,268.01 AAA NR 04/26/22 05/04/22 12,265.33 3.17 17.28 12,267.17 12,242.13 TAOT 2022-C A3
DTD 08/16/2022 3.760% 04/15/2027
89231CAD9 13,476.28 AAA NR 08/08/22 08/16/22 13,474.02 3.76 22.52 13,475.53 13,460.51 HART 2023-A A3
DTD 04/12/2023 4.580% 04/15/2027
448979AD6 26,677.98 AAA NR 04/04/23 04/12/23 26,675.37 4.58 54.30 26,676.98 26,710.42 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 28,115.82 AAA NR 07/12/22 07/20/22 28,115.16 3.97 49.61 28,115.61 28,099.26 GMCAR 2022-3 A3
DTD 07/13/2022 3.640% 04/16/2027
36265WAD5 10,477.15 NR Aaa 07/06/22 07/13/22 10,477.08 3.64 15.89 10,477.13 10,468.94 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
14043GAD6 19,046.07 AAA Aaa 08/02/22 08/10/22 19,044.71 3.66 30.98 19,045.61 19,020.82 ALLYA 2022-2 A3
DTD 10/12/2022 4.760% 05/17/2027
02008MAC3 43,526.68 AAA Aaa 10/04/22 10/12/22 43,526.14 4.76 92.08 43,526.48 43,571.16 CARMX 2022-4 A3
DTD 10/31/2022 5.340% 08/16/2027
14318UAD3 48,596.33 AAA NR 10/26/22 10/31/22 48,584.94 5.35 115.34 48,591.87 48,776.52 MBART 2022-1 A3
DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 56,885.00 AAA Aaa 11/15/22 11/22/22 56,873.75 5.21 131.72 56,880.55 57,097.75 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 62,247.12 AAA NR 10/04/22 10/12/22 62,236.92 4.82 125.01 62,243.18 62,358.98 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 38,250.86 AAA NR 01/24/23 01/30/23 38,250.84 4.63 78.71 38,250.85 38,331.42 MBART 2023-1 A3
DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 20,465.04 AAA NR 01/18/23 01/25/23 20,462.59 4.51 41.02 20,463.96 20,501.53 PFM Asset Management, a division of Account 995341 Page 17 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
NAROT 2023-A A3
DTD 04/26/2023 4.910% 11/15/2027
65480WAD3 81,875.91 NR Aaa 04/18/23 04/26/23 81,861.44 4.91 178.67 81,869.17 82,131.86 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 36,623.14 NR Aaa 02/13/23 02/23/23 36,619.46 5.05 82.20 36,621.45 36,744.95 TAOT 2023-B A3
DTD 05/23/2023 4.710% 02/15/2028
891941AD8 68,219.07 NR Aaa 05/16/23 05/23/23 68,215.26 4.71 142.81 68,217.16 68,466.30 BMWOT 2023-A A3
DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 26,050.96 AAA NR 07/11/23 07/18/23 26,046.35 5.47 23.75 26,048.56 26,234.96 FORDO 2023-B A3
DTD 06/26/2023 5.230% 05/15/2028
344930AD4 55,120.70 AAA NR 06/21/23 06/26/23 55,119.95 5.23 128.12 55,120.30 55,521.81 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 62,049.86 NR Aaa 07/11/23 07/19/23 62,039.28 5.48 150.57 62,044.11 62,590.56 BMWLT 2025-1 A3
DTD 06/10/2025 4.430% 06/26/2028
096912AD2 55,000.00 AAA NR 06/03/25 06/10/25 54,998.79 4.43 40.61 54,999.01 55,420.31 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 131,222.19 AAA Aaa 08/15/23 08/23/23 131,214.05 5.53 322.51 131,217.49 132,430.22 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 100,000.00 AAA NR 09/07/23 09/15/23 99,972.28 5.17 229.33 99,982.77 101,205.40 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 70,000.00 NR Aaa 12/07/23 12/14/23 69,990.60 4.98 154.93 69,993.94 70,858.97 NAROT 2024-A A3
DTD 05/22/2024 5.280% 12/15/2028
65479UAD0 200,000.00 NR Aaa 05/14/24 05/22/24 199,981.32 5.28 469.33 199,986.46 202,333.80 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/15/2029
161571HV9 225,000.00 AAA NR 01/24/24 01/31/24 224,965.73 4.60 460.00 224,976.69 227,130.30 TAOT 2024-C A3
DTD 07/30/2024 4.880% 03/15/2029
89237QAD2 80,000.00 AAA NR 07/23/24 07/30/24 79,999.95 4.88 173.51 80,000.00 80,893.20 HART 2024-B A3
DTD 07/24/2024 4.840% 03/15/2029
44934QAD3 90,000.00 AAA NR 07/16/24 07/24/24 89,986.42 4.84 193.60 89,989.71 90,987.39 PFM Asset Management, a division of Account 995341 Page 18 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
HAROT 2024-3 A3
DTD 08/21/2024 4.570% 03/21/2029
43813YAC6 120,000.00 NR Aaa 08/09/24 08/21/24 119,981.15 4.57 152.33 119,985.39 120,952.44 GMCAR 2024-3 A3
DTD 07/10/2024 5.130% 04/16/2029
38013KAD2 100,000.00 AAA Aaa 07/02/24 07/10/24 99,984.61 5.13 213.75 99,988.36 101,267.60 HART 2024-C A3
DTD 10/16/2024 4.410% 05/15/2029
448976AD2 90,000.00 AAA NR 10/08/24 10/16/24 89,993.41 4.41 176.40 89,994.89 90,684.99 TAOT 2024-D A3
DTD 10/17/2024 4.400% 06/15/2029
89239TAD4 50,000.00 AAA Aaa 10/10/24 10/17/24 49,997.21 4.40 97.78 49,997.78 50,341.35 FORDO 2024-C A3
DTD 09/20/2024 4.070% 07/15/2029
34532UAD1 120,000.00 AAA NR 09/17/24 09/20/24 119,999.18 4.07 217.07 119,999.58 120,290.64 ALLYA 2024-2 A3
DTD 09/27/2024 4.140% 07/16/2029
02007NAC2 80,000.00 AAA NR 09/24/24 09/27/24 79,991.73 4.14 147.20 79,993.55 80,193.04 VALET 2024-1 A3
DTD 11/26/2024 4.630% 07/20/2029
92868RAD0 70,000.00 AAA Aaa 11/19/24 11/26/24 69,993.41 4.63 99.03 69,994.64 70,808.71 TAOT 2025-A A3
DTD 01/29/2025 4.640% 08/15/2029
89240JAD3 125,000.00 NR Aaa 01/22/25 01/29/25 124,994.99 4.64 257.78 124,996.02 126,582.88 GMCAR 2024-4 A3
DTD 10/16/2024 4.400% 08/16/2029
38014AAD3 70,000.00 AAA Aaa 10/08/24 10/16/24 69,986.52 4.40 128.33 69,989.05 70,481.88 VALET 2025-1 A3
DTD 03/25/2025 4.500% 08/20/2029
92868MAD1 125,000.00 NR Aaa 03/18/25 03/25/25 124,995.75 4.50 171.88 124,996.44 126,252.00 COMET 2024-A1 A
DTD 09/24/2024 3.920% 09/15/2029
14041NGE5 240,000.00 AAA NR 09/17/24 09/24/24 239,953.15 3.92 418.13 239,962.25 240,277.68 HAROT 2025-1 A3
DTD 02/11/2025 4.570% 09/21/2029
43814VAC1 195,000.00 AAA NR 02/04/25 02/11/25 194,993.99 4.57 247.54 194,995.05 197,138.76 BMWOT 2025-A A3
DTD 02/12/2025 4.560% 09/25/2029
096924AD7 135,000.00 AAA Aaa 02/04/25 02/12/25 134,986.70 4.56 102.60 134,988.71 136,253.20 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 60,000.00 NR Aaa 04/29/25 05/08/25 59,993.30 4.15 110.67 59,993.99 60,206.70 PFM Asset Management, a division of Account 995341 Page 19 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
WFCIT 2024-A2 A
DTD 10/24/2024 4.290% 10/15/2029
92970QAE5 125,000.00 AAA Aaa 10/17/24 10/24/24 124,981.43 4.29 238.33 124,984.73 126,032.63 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
44935CAD3 170,000.00 AAA NR 03/04/25 03/12/25 169,974.92 4.32 326.40 169,977.99 171,298.46 TAOT 2025-B A3
DTD 04/30/2025 4.340% 11/15/2029
89231HAD8 100,000.00 AAA NR 04/24/25 04/30/25 99,994.27 4.34 192.89 99,995.10 100,814.90 GMCAR 2025-1 A3
DTD 01/15/2025 4.620% 12/17/2029
362955AD8 85,000.00 NR Aaa 01/09/25 01/15/25 84,993.68 4.62 174.53 84,994.81 85,955.40 NAROT 2025-A A3
DTD 05/27/2025 4.490% 12/17/2029
65481GAD7 105,000.00 NR Aaa 05/20/25 05/27/25 104,979.84 4.49 209.53 104,981.50 106,252.76 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 120,000.00 NR Aaa 01/14/25 01/23/25 119,974.48 4.78 254.93 119,978.07 121,597.92 AMXCA 2025-1 A
DTD 02/11/2025 4.560% 12/17/2029
02582JKM1 260,000.00 AAA NR 02/04/25 02/11/25 259,942.25 4.57 526.93 259,949.29 263,820.18 TAOT 2025-C A3
DTD 07/30/2025 4.110% 03/15/2030
89238VAD0 110,000.00 AAA Aaa 07/22/25 07/30/25 109,988.41 4.11 200.93 109,988.82 110,549.23 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 150,000.00 NR Aaa 03/25/25 03/31/25 149,993.55 4.51 206.71 149,994.54 151,246.05 FORDO 2025-B A3
DTD 09/26/2025 3.910% 04/15/2030
34532BAG6 110,000.00 NR Aaa 09/23/25 09/26/25 109,988.13 3.91 59.74 109,988.58 109,969.97 AMXCA 2025-2 A
DTD 05/13/2025 4.280% 04/15/2030
02582JKP4 190,000.00 AAA NR 05/06/25 05/13/25 189,996.56 4.28 361.42 189,996.87 191,815.07 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 125,000.00 AAA NR 06/05/25 06/12/25 124,999.52 4.31 239.44 125,000.00 126,430.38 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
17305EHA6 275,000.00 AAA Aaa 06/18/25 06/26/25 274,925.39 4.31 3,120.49 274,929.02 277,861.10 COMET 2025-A1 A
DTD 09/16/2025 3.820% 09/16/2030
14041NGF2 170,000.00 AAA NR 09/09/25 09/16/25 169,967.77 3.82 270.58 169,968.57 169,911.43 PFM Asset Management, a division of Account 995341 Page 20 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CJT9 650,000.00 MorganSt 100.38 652,437.50 1,955.07 2,218.63 DTD 01/16/2024 4.000% 01/15/2027

1.24 3.71
US TREASURY N/B 91282CKA8 125,000.00 RBC Capi 100.58 125,722.63 1,650.36 1,161.95 DTD 02/15/2024 4.125% 02/15/2027

1.32 3.70
US TREASURY N/B 91282CKA8 750,000.00 MorganSt 100.58 754,335.75 7,939.27 6,077.36 DTD 02/15/2024 4.125% 02/15/2027

1.32 3.70
US TREASURY N/B 91282CKE0 325,000.00 Nomura 100.81 327,640.63 7,096.68 4,935.36 DTD 03/15/2024 4.250% 03/15/2027

1.40 3.69
US TREASURY N/B 91282CKJ9 300,000.00 MorganSt 101.23 303,703.20 5,027.42 4,419.96 DTD 04/15/2024 4.500% 04/15/2027

1.45 3.69
US TREASURY N/B 91282CKR1 100,000.00 WellsFar 101.30 101,304.70 1,332.04 1,320.48 DTD 05/15/2024 4.500% 05/15/2027

1.53 3.69
US TREASURY N/B 91282CKR1 700,000.00 Nomura 101.30 709,132.90 9,406.34 9,287.71 DTD 05/15/2024 4.500% 05/15/2027

1.53 3.69
US TREASURY N/B 91282CKV2 150,000.00 MorganSt 101.59 152,384.70 1,863.22 2,076.60 DTD 06/17/2024 4.625% 06/15/2027

1.61 3.67
US TREASURY N/B 91282CKV2 275,000.00 JPMorgan 101.59 279,371.95 2,717.65 3,383.56 DTD 06/17/2024 4.625% 06/15/2027

1.61 3.67
US TREASURY N/B 91282CKV2 300,000.00 MorganSt 101.59 304,769.40 2,941.27 3,679.43 DTD 06/17/2024 4.625% 06/15/2027

1.61 3.67
US TREASURY N/B 91282CKV2 375,000.00 BOFAML 101.59 380,961.75 5,536.95 5,708.88 DTD 06/17/2024 4.625% 06/15/2027

1.61 3.67
US TREASURY N/B 91282CKZ3 150,000.00 JPMorgan 101.25 151,880.85 (128.92) 628.71 DTD 07/15/2024 4.375% 07/15/2027

1.69 3.66
US TREASURY N/B 91282CLG4 475,000.00 WellsFar 100.21 475,983.25 (798.00) (173.07) DTD 08/15/2024 3.750% 08/15/2027

1.79 3.65
US TREASURY N/B 91282CLG4 800,000.00 CABRERA 100.21 801,656.00 (906.50) (5.50) DTD 08/15/2024 3.750% 08/15/2027

1.79 3.65
US TREASURY N/B 91282CLL3 475,000.00 MorganSt 99.54 472,810.73 (278.14) (899.59) DTD 09/16/2024 3.375% 09/15/2027

1.87 3.64
US TREASURY N/B 91282CLL3 500,000.00 JPMorgan 99.54 497,695.50 39.25 (722.54) DTD 09/16/2024 3.375% 09/15/2027

1.87 3.64
US TREASURY N/B 91282CLQ2 50,000.00 MorganSt 100.49 50,246.10 591.80 489.68 DTD 10/15/2024 3.875% 10/15/2027

1.91 3.64
PFM Asset Management, a division of Account 995341 Page 22 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CLX7 150,000.00 JPMorgan 101.02 151,529.25 1,505.81 1,512.05 DTD 11/15/2024 4.125% 11/15/2027

1.99 3.64
US TREASURY N/B 91282CLX7 300,000.00 JPMorgan 101.02 303,058.50 2,999.91 3,015.05 DTD 11/15/2024 4.125% 11/15/2027

1.99 3.64
US TREASURY N/B 91282CLX7 300,000.00 MorganSt 101.02 303,058.50 2,894.44 2,937.79 DTD 11/15/2024 4.125% 11/15/2027

1.99 3.64
US TREASURY N/B 91282CMB4 525,000.00 Nomura 100.82 529,306.58 8,408.14 7,428.81 DTD 12/16/2024 4.000% 12/15/2027

2.07 3.63
US TREASURY N/B 91282CMF5 525,000.00 JPMorgan 101.36 532,157.33 7,875.10 7,723.26 DTD 01/15/2025 4.250% 01/15/2028

2.15 3.64
US TREASURY N/B 91282CMN8 200,000.00 MorganSt 101.42 202,836.00 1,242.25 1,540.41 DTD 02/18/2025 4.250% 02/15/2028

2.23 3.64
US TREASURY N/B 91282CMS7 425,000.00 JPMorgan 100.63 427,672.83 4,000.95 3,797.41 DTD 03/17/2025 3.875% 03/15/2028

2.32 3.62
US TREASURY N/B 91282CND9 150,000.00 JPMorgan 100.32 150,480.45 1,412.09 1,300.27 DTD 05/15/2025 3.750% 05/15/2028

2.44 3.63
US TREASURY N/B 91282CND9 200,000.00 JPMorgan 100.32 200,640.60 1,499.97 1,413.83 DTD 05/15/2025 3.750% 05/15/2028

2.44 3.63
US TREASURY N/B 91282CND9 350,000.00 JPMorgan 100.32 351,121.05 2,488.24 2,350.05 DTD 05/15/2025 3.750% 05/15/2028

2.44 3.63
US TREASURY N/B 91282CNH0 150,000.00 BMO 100.66 150,984.45 1,541.09 1,489.34 DTD 06/16/2025 3.875% 06/15/2028

2.52 3.63
US TREASURY N/B 91282CNH0 400,000.00 WellsFar 100.66 402,625.20 1,390.82 1,484.68 DTD 06/16/2025 3.875% 06/15/2028

2.52 3.63
US TREASURY N/B 91282CNM9 125,000.00 JPMorgan 100.65 125,810.50 620.07 632.67 DTD 07/15/2025 3.875% 07/15/2028

2.60 3.64
US TREASURY N/B 91282CNM9 150,000.00 JPMorgan 100.65 150,972.60 1,078.07 1,072.69 DTD 07/15/2025 3.875% 07/15/2028

2.60 3.64
US TREASURY N/B 91282CNM9 350,000.00 MorganSt 100.65 352,269.40 2,269.40 2,269.40 DTD 07/15/2025 3.875% 07/15/2028

2.60 3.64
US TREASURY N/B 91282CNU1 125,000.00 JPMorgan 100.00 125,000.00 200.19 191.80 DTD 08/15/2025 3.625% 08/15/2028

2.69 3.64
US TREASURY N/B 91282CNU1 1,025,000.00 RBC Capi 100.00 1,025,000.00 80.08 77.60 DTD 08/15/2025 3.625% 08/15/2028

2.69 3.64
PFM Asset Management, a division of Account 995341 Page 23 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Security Type Sub-Total 11,950,000.00 12,026,560.78 87,492.38 83,824.72 1.94 3.66 Municipal Bond / Note
LOS ANGELES UNIF SD-B 544647KX7 115,000.00 RaymondJ 101.07 116,227.97 1,227.97 1,227.97 DTD 05/13/2025 4.382% 07/01/2027

1.65 3.85
Security Type Sub-Total 115,000.00 116,227.97 1,227.97 1,227.97 1.65 3.85 Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2 3137BNGT5 106,620.41 CantorFi 99.44 106,019.49 5,613.06 80.89 DTD 04/01/2016 2.745% 01/01/2026

0.28 4.17
FNA 2016-M3 A2 3136ARTE8 106,482.94 MorganSt 99.31 105,753.42 5,293.43 (14.51) DTD 03/01/2016 2.702% 02/01/2026

0.35 4.21
FHMS K736 A2 3137FNWX4 111,025.15 INTL_FC 98.71 109,594.59 6,579.73 915.08 DTD 09/01/2019 2.282% 07/01/2026

0.68 4.01
FHMS K057 A2 3137BRQJ7 114,872.40 CantorFi 98.89 113,595.71 6,773.36 666.42 DTD 09/01/2016 2.570% 07/01/2026

0.68 3.99
FHMS K057 A2 3137BRQJ7 114,872.40 JPMorgan 98.89 113,595.71 4,368.21 176.55 DTD 09/01/2016 2.570% 07/01/2026

0.68 3.99
FHMS K058 A2 3137BSP72 175,000.00 CantorFi 98.82 172,937.80 5,901.67 73.81 DTD 11/01/2016 2.653% 08/01/2026

0.84 3.87
FHMS K059 A2 3137BSRE5 124,958.14 MorganSt 99.15 123,896.50 5,542.60 1,354.66 DTD 11/01/2016 3.120% 09/01/2026

0.87 3.91
FHMS K061 A2 3137BTUM1 81,423.75 Citigrou 99.00 80,613.18 1,695.75 12.28 DTD 01/01/2017 3.347% 11/01/2026

1.03 4.15
FHMS K063 A2 3137BVZ82 190,000.00 TD Secur 99.36 188,790.46 9,656.08 3,173.70 DTD 03/01/2017 3.430% 01/01/2027

1.13 3.84
FNA 2024-M6 A2 3136BTGM9 200,000.00 WellsFar 98.35 196,691.20 3,691.20 1,667.88 DTD 11/01/2024 3.001% 07/01/2027

1.51 3.97
FHMS K067 A2 3137FAWS3 205,000.00 JPMorgan 98.70 202,325.57 1,665.80 1,060.00 DTD 09/01/2017 3.194% 07/01/2027

1.68 3.89
FHMS K068 A2 3137FBBX3 125,000.00 WellsFar 98.83 123,534.62 4,286.57 2,090.76 DTD 10/01/2017 3.244% 08/01/2027

1.75 3.84
FHMS K069 A2 3137FBU79 92,751.39 BOFAML 98.57 91,427.74 3,161.74 1,496.16 DTD 11/01/2017 3.187% 09/01/2027

1.84 3.90
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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Commercial Mortgage-Backed Security
FHMS K739 A2 3137F64P9 221,316.17 IFP 95.78 211,971.54 7,643.12 2,555.00 DTD 11/01/2020 1.336% 09/01/2027

1.68 3.86
FHMS K074 A2 3137F4D41 135,000.00 WellsFar 99.28 134,028.68 1,923.80 1,380.10 DTD 03/01/2018 3.600% 01/01/2028

2.12 3.87
FHMS K075 A2 3137F4X72 120,000.00 Citigrou 99.36 119,235.36 1,499.42 1,289.97 DTD 04/01/2018 3.650% 02/01/2028

2.23 3.87
FHMS K075 A2 3137F4X72 140,000.00 MIZU 99.36 139,107.92 1,552.45 1,116.73 DTD 04/01/2018 3.650% 02/01/2028

2.23 3.87
FHMS K076 A2 3137FEZU7 225,000.00 BMO 99.99 224,968.95 2,447.47 2,025.29 DTD 05/01/2018 3.900% 04/01/2028

2.32 3.85
FHMS K077 A2 3137FG6X8 140,000.00 MorganSt 99.80 139,723.92 1,687.20 1,496.66 DTD 06/01/2018 3.850% 05/01/2028

2.40 3.87
FHMS K743 A2 3137H14B9 200,000.00 WellsFar 94.69 189,376.60 3,384.41 2,217.22 DTD 06/01/2021 1.770% 05/01/2028

2.49 3.93
FHMS K079 A2 3137FGZT5 240,000.00 WellsFar 99.97 239,924.64 2,315.26 2,003.20 DTD 08/01/2018 3.926% 06/01/2028

2.53 3.88
Security Type Sub-Total 3,169,322.75 3,127,113.60 86,682.33 26,837.85 1.61 3.92 Corporate Note
COOPERAT RABOBANK UA/NY 21688ABA9 390,000.00 JPMorgan 100.16 390,633.75 781.95 654.58 DTD 01/09/2024 4.850% 01/09/2026

0.27 4.48
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFH0 20,000.00 Scotiaca 02/13/26 100.05 20,009.00 23.20 11.06 DTD 02/09/2023 4.450% 03/13/2026

0.39 4.24
WELLS FARGO & COMPANY 949746RW3 100,000.00 WellsFar 99.42 99,418.40 5,338.40 498.18 DTD 04/22/2016 3.000% 04/22/2026

0.54 4.07
CHARLES SCHWAB CORP (CALLABLE) 808513BR5 100,000.00 Citigrou 04/13/26 98.26 98,258.10 4,591.10 511.53 DTD 05/13/2021 1.150% 05/13/2026

0.60 4.06
AMERICAN HONDA FINANCE 02665WEK3 55,000.00 MIZU 100.85 55,465.52 533.17 482.81 DTD 07/07/2023 5.250% 07/07/2026

0.74 4.12
TOYOTA MOTOR CREDIT CORP 89236TMJ1 30,000.00 MIZU 100.53 30,159.63 178.23 167.73 DTD 08/09/2024 4.550% 08/07/2026

0.83 3.92
HOME DEPOT INC (CALLABLE) 437076CV2 55,000.00 JPMorgan 08/30/26 101.04 55,571.07 691.52 615.51 DTD 12/04/2023 4.950% 09/30/2026

0.89 3.94
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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
TRUIST FINANCIAL CORP (CALLABLE) 89788MAJ1 85,000.00 Suntrust 10/28/25 100.08 85,070.38 70.38 70.38 DTD 10/28/2022 5.900% 10/28/2026

0.07 5.74
STATE STREET CORP (CALLABLE) 857477BX0 25,000.00 Deutsche 11/04/25 100.12 25,029.20 29.20 29.20 DTD 11/04/2022 5.751% 11/04/2026

0.09 5.45
AMERICAN EXPRESS CO (CALLABLE) 025816CM9 100,000.00 Suntrust 10/04/26 97.50 97,502.70 5,466.70 1,288.36 DTD 11/04/2021 1.650% 11/04/2026

1.06 4.03
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFK3 40,000.00 MIZU 10/13/26 101.63 40,650.40 664.40 655.82 DTD 11/02/2023 5.600% 11/13/2026

0.98 4.12
PACCAR FINANCIAL CORP 69371RT55 35,000.00 MUFG 100.78 35,271.28 301.03 288.68 DTD 11/25/2024 4.500% 11/25/2026

1.10 3.81
WELLS FARGO BANK NA (CALLABLE) 94988J6F9 290,000.00 WellsFar 11/09/26 101.44 294,167.01 4,167.01 4,167.01 DTD 12/11/2023 5.254% 12/11/2026

1.06 4.03
CATERPILLAR FINL SERVICE 14913UAE0 95,000.00 JPMorgan 100.77 95,735.49 838.09 780.53 DTD 01/08/2024 4.500% 01/08/2027

1.22 3.89
PNC FINANCIAL SERVICES (CALLABLE) 693475BL8 15,000.00 PNCBank 01/26/26 100.11 15,016.20 16.20 16.20 DTD 01/24/2023 4.758% 01/26/2027

0.32 2.84
TEXAS INSTRUMENTS INC (CALLABLE) 882508CE2 115,000.00 BOFAML 01/08/27 100.95 116,092.27 1,165.87 1,126.54 DTD 02/08/2024 4.600% 02/08/2027

1.24 3.87
ELI LILLY & CO (CALLABLE) 532457CJ5 130,000.00 Deutsche 01/09/27 100.85 131,107.08 1,175.98 1,139.18 DTD 02/09/2024 4.500% 02/09/2027

1.24 3.86
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122EE4 40,000.00 Citigrou 01/22/27 101.30 40,521.12 564.32 541.89 DTD 02/22/2024 4.900% 02/22/2027

1.27 3.96
CISCO SYSTEMS INC (CALLABLE) 17275RBQ4 160,000.00 Deutsche 01/26/27 101.20 161,920.96 2,128.96 2,021.70 DTD 02/26/2024 4.800% 02/26/2027

1.28 3.90
CHEVRON USA INC 166756AZ9 175,000.00 BOFAML 100.84 176,474.90 1,474.90 1,474.90 DTD 02/26/2025 4.405% 02/26/2027

1.35 3.79
CHARLES SCHWAB CORP (CALLABLE) 808513AQ8 110,000.00 Barclays 12/02/26 98.96 108,855.23 1,354.43 785.56 DTD 03/02/2017 3.200% 03/02/2027

1.31 3.99
JOHN DEERE CAPITAL CORP 24422EXM6 110,000.00 Barclays 101.31 111,441.00 1,543.30 1,491.51 DTD 03/07/2024 4.850% 03/05/2027

1.36 3.91
AMERICAN HONDA FINANCE 02665WFD8 80,000.00 TD Secur 101.15 80,919.84 963.84 941.81 DTD 03/13/2024 4.900% 03/12/2027

1.38 4.12
STATE STREET CORP (CALLABLE) 857477CL5 70,000.00 MorganSt 02/18/27 101.54 71,077.44 1,077.44 1,077.44 DTD 03/18/2024 4.993% 03/18/2027

1.34 3.92
PFM Asset Management, a division of Account 995341 Page 26 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
HORMEL FOODS CORP (CALLABLE) 440452AK6 55,000.00 WellsFar 02/28/27 101.12 55,617.98 671.33 639.52 DTD 03/08/2024 4.800% 03/30/2027

1.37 4.03
HORMEL FOODS CORP (CALLABLE) 440452AK6 55,000.00 WellsFar 02/28/27 101.12 55,617.98 671.33 639.52 DTD 03/08/2024 4.800% 03/30/2027

1.37 4.03
ADOBE INC (CALLABLE) 00724PAE9 80,000.00 BOFAML 03/04/27 101.47 81,173.68 1,213.68 1,194.49 DTD 04/04/2024 4.850% 04/04/2027

1.34 3.85
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEY4 195,000.00 BOFAML 03/15/27 100.82 196,597.64 2,956.79 2,304.34 DTD 03/21/2024 4.600% 04/15/2027

1.38 4.06
WALMART INC 931142FL2 45,000.00 WellsFar 100.68 45,306.05 311.90 310.67 DTD 04/28/2025 4.100% 04/28/2027

1.49 3.68
GOLDMAN SACHS BANK USA (CALLABLE) 38151LAG5 80,000.00 GoldmanS 05/21/26 100.77 80,614.08 614.08 614.08 DTD 05/21/2024 5.414% 05/21/2027

0.61 4.64
HOME DEPOT INC (CALLABLE) 437076DB5 40,000.00 MorganSt 05/25/27 101.66 40,662.04 794.44 740.80 DTD 06/25/2024 4.875% 06/25/2027

1.57 3.89
BLACKROCK FUNDING INC (CALLABLE) 09290DAH4 130,000.00 BOFAML 06/26/27 101.33 131,730.17 1,734.07 1,732.41 DTD 07/26/2024 4.600% 07/26/2027

1.66 3.85
HONEYWELL INTERNATIONAL (CALLABLE) 438516CX2 130,000.00 Deutsche 06/30/27 101.19 131,542.06 1,545.96 1,544.32 DTD 08/01/2024 4.650% 07/30/2027

1.67 3.98
PACCAR FINANCIAL CORP 69371RT30 70,000.00 MUFG 101.15 70,803.39 896.49 862.03 DTD 08/06/2024 4.450% 08/06/2027

1.75 3.82
UNILEVER CAPITAL CORP (CALLABLE) 904764BU0 100,000.00 JPMorgan 07/12/27 100.75 100,753.00 884.00 836.28 DTD 08/12/2024 4.250% 08/12/2027

1.72 3.84
AMAZON.COM INC (CALLABLE) 023135BC9 140,000.00 MAXE 05/22/27 98.91 138,475.68 2,066.68 1,374.55 DTD 06/06/2018 3.150% 08/22/2027

1.73 3.81
HOME DEPOT INC (CALLABLE) 437076BT8 100,000.00 FTNF 06/14/27 98.10 98,103.40 1,337.40 774.11 DTD 09/14/2017 2.800% 09/14/2027

1.82 3.84
ACCENTURE CAPITAL INC (CALLABLE) 00440KAA1 35,000.00 JPMorgan 09/04/27 100.10 35,036.64 81.79 67.43 DTD 10/04/2024 3.900% 10/04/2027

1.84 3.84
TOYOTA MOTOR CREDIT CORP 89236TMS1 35,000.00 Citigrou 100.85 35,296.77 310.42 306.14 DTD 10/10/2024 4.350% 10/08/2027

1.88 3.93
AMERICAN HONDA FINANCE 02665WFT3 65,000.00 JPMorgan 100.86 65,559.52 604.37 590.88 DTD 10/23/2024 4.450% 10/22/2027

1.91 4.08
JPMORGAN CHASE & CO (CALLABLE) 46647PDW3 120,000.00 JPMorgan 10/22/26 101.99 122,386.08 2,386.08 2,386.08 DTD 10/23/2023 6.070% 10/22/2027

0.99 4.80
PFM Asset Management, a division of Account 995341 Page 27 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
APPLE INC (CALLABLE) 037833DK3 140,000.00 JPMorgan 08/13/27 98.68 138,156.48 2,471.28 1,714.65 DTD 11/13/2017 3.000% 11/13/2027

1.93 3.67
BP CAP MARKETS AMERICA (CALLABLE) 10373QBY5 140,000.00 Deutsche 10/17/27 102.12 142,961.42 2,961.42 2,961.42 DTD 05/17/2024 5.017% 11/17/2027

1.92 4.04
MASTERCARD INC (CALLABLE) 57636QBA1 60,000.00 BOFAML 12/15/27 100.53 60,317.82 350.82 340.65 DTD 09/05/2024 4.100% 01/15/2028

2.11 3.87
ADOBE INC (CALLABLE) 00724PAH2 120,000.00 JPMorgan 12/17/27 101.91 122,293.56 2,357.16 2,342.79 DTD 01/17/2025 4.750% 01/17/2028

2.09 3.88
COOPERAT RABOBANK UA/NY 21688ABK7 275,000.00 BOFAML 102.23 281,133.60 6,133.60 6,133.60 DTD 01/21/2025 4.883% 01/21/2028

2.15 3.87
NATIONAL RURAL UTIL COOP (CALLABLE) 637432NP6 80,000.00 Deutsche 11/07/27 98.54 78,834.80 303.60 220.49 DTD 02/07/2018 3.400% 02/07/2028

2.16 4.08
PEPSICO INC (CALLABLE) 713448GA0 200,000.00 MorganSt 01/07/28 101.39 202,781.20 2,865.20 2,847.84 DTD 02/07/2025 4.450% 02/07/2028

2.15 3.83
CISCO SYSTEMS INC (CALLABLE) 17275RBW1 50,000.00 GoldmanS 01/24/28 101.54 50,768.80 822.80 812.46 DTD 02/24/2025 4.550% 02/24/2028

2.20 3.88
HERSHEY COMPANY (CALLABLE) 427866BK3 55,000.00 RBC Capi 01/24/28 101.59 55,872.85 910.80 903.48 DTD 02/24/2025 4.550% 02/24/2028

2.20 3.87
JOHNSON & JOHNSON (CALLABLE) 478160DH4 40,000.00 JPMorgan 02/01/28 101.98 40,791.80 815.00 810.54 DTD 02/20/2025 4.550% 03/01/2028

2.22 3.72
MASTERCARD INC (CALLABLE) 57636QBF0 70,000.00 Deutsche 02/15/28 101.62 71,131.83 1,185.03 1,175.09 DTD 02/27/2025 4.550% 03/15/2028

2.25 3.87
ADVANCED MICRO DEVICES (CALLABLE) 007903BJ5 100,000.00 JPMorgan 02/24/28 100.87 100,871.60 871.60 871.60 DTD 03/24/2025 4.319% 03/24/2028

2.29 3.96
JPMORGAN CHASE & CO (CALLABLE) 46647PEE2 100,000.00 JPMorgan 04/22/27 102.18 102,184.10 2,184.10 2,184.10 DTD 04/22/2024 5.571% 04/22/2028

1.45 4.50
GOLDMAN SACHS GROUP INC (CALLABLE) 38141GC77 70,000.00 GoldmanS 04/23/27 101.17 70,819.49 819.49 819.49 DTD 04/23/2025 4.937% 04/23/2028

1.46 4.67
STATE STREET CORP (CALLABLE) 857477DA8 60,000.00 MorganSt 04/24/27 100.83 60,496.62 496.62 496.62 DTD 04/24/2025 4.543% 04/24/2028

1.47 4.44
CINTAS CORPORATION NO. 2 (CALLABLE) 17252MAR1 85,000.00 MUFG 04/01/28 100.43 85,364.65 473.45 459.14 DTD 05/02/2025 4.200% 05/01/2028

2.35 4.04
CITIGROUP INC (CALLABLE) 172967PZ8 145,000.00 Citigrou 05/07/27 100.69 146,002.82 1,002.82 1,002.82 DTD 05/07/2025 4.643% 05/07/2028

1.50 4.64
PFM Asset Management, a division of Account 995341 Page 28 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
CUMMINS INC (CALLABLE) 231021AY2 15,000.00 JPMorgan 04/09/28 100.75 15,112.59 123.09 121.78 DTD 05/09/2025 4.250% 05/09/2028

2.36 3.96
BANK OF NY MELLON CORP (CALLABLE) 06406RCH8 60,000.00 MorganSt 06/09/27 100.69 60,411.48 411.48 411.48 DTD 06/10/2025 4.441% 06/09/2028

1.61 4.32
AIR PRODUCTS & CHEMICALS (CALLABLE) 009158BN5 140,000.00 JPMorgan 05/11/28 100.90 141,266.72 1,360.52 1,351.28 DTD 06/11/2025 4.300% 06/11/2028

2.45 3.98
TARGET CORP (CALLABLE) 87612EBU9 35,000.00 GoldmanS 05/15/28 100.99 35,348.08 348.43 348.35 DTD 06/10/2025 4.350% 06/15/2028

2.46 3.98
ANALOG DEVICES INC (CALLABLE) 032654BD6 150,000.00 BOFAML 05/15/28 100.70 151,050.60 1,212.60 1,197.34 DTD 06/16/2025 4.250% 06/15/2028

2.46 3.99
AMERICAN EXPRESS CO (CALLABLE) 025816DV8 20,000.00 MorganSt 07/26/27 101.71 20,341.26 341.26 341.26 DTD 07/26/2024 5.043% 07/26/2028

1.71 4.43
PACCAR FINANCIAL CORP 69371RT97 100,000.00 MUFG 100.27 100,265.90 324.90 321.95 DTD 08/08/2025 4.000% 08/08/2028

2.66 3.91
CHEVRON USA INC (CALLABLE) 166756BH8 210,000.00 BOFAML 07/13/28 100.50 211,050.63 1,067.43 1,066.39 DTD 08/13/2025 4.050% 08/13/2028

2.63 3.86
LOCKHEED MARTIN CORP (CALLABLE) 539830CK3 30,000.00 JPMorgan 07/15/28 100.62 30,187.08 225.18 223.07 DTD 07/28/2025 4.150% 08/15/2028

2.63 3.96
CATERPILLAR FINL SERVICE 14913UBB5 115,000.00 BOFAML 100.45 115,516.23 532.33 531.66 DTD 08/15/2025 4.100% 08/15/2028

2.67 3.95
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFZ0 45,000.00 MUFG 07/25/28 100.27 45,121.64 172.04 170.42 DTD 08/25/2025 4.150% 08/25/2028

2.66 4.06
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFZ0 45,000.00 MAXE 07/25/28 100.27 45,121.64 121.64 121.64 DTD 08/25/2025 4.150% 08/25/2028

2.66 4.06
TOYOTA MOTOR CREDIT CORP 89236TNR2 100,000.00 MUFG 100.26 100,262.00 385.00 381.95 DTD 09/05/2025 4.050% 09/05/2028

2.73 3.98
BANK OF AMERICA CORP (CALLABLE) 06051GMK2 230,000.00 BOFAML 01/24/28 101.85 234,251.32 4,251.32 4,251.32 DTD 01/24/2025 4.979% 01/24/2029

2.16 4.38
MORGAN STANLEY (CALLABLE) 61747YFY6 75,000.00 MorganSt 04/12/28 102.00 76,498.05 1,498.05 1,498.05 DTD 04/17/2025 4.994% 04/12/2029

2.31 4.54
AMERICAN EXPRESS CO (CALLABLE) 025816ED7 40,000.00 RBS 04/25/28 101.58 40,630.36 567.16 575.73 DTD 04/25/2025 4.731% 04/25/2029

2.35 4.45
AMERICAN EXPRESS CO (CALLABLE) 025816ED7 50,000.00 MorganSt 04/25/28 101.58 50,787.95 787.95 787.95 DTD 04/25/2025 4.731% 04/25/2029

2.35 4.45
PFM Asset Management, a division of Account 995341 Page 29 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Security Type Sub-Total 7,150,000.00 7,205,651.10 94,975.60 77,554.16 1.63 4.07 Certificate of Deposit
NATIXIS NY BRANCH 63873QP65 200,000.00 WellsFar 101.64 203,287.40 3,287.40 3,287.40 DTD 09/20/2023 5.610% 09/18/2026

0.95 3.82
Security Type Sub-Total 200,000.00 203,287.40 3,287.40 3,287.40 0.95 3.82 Asset-Backed Security
ALLYA 2022-1 A3 02008JAC0 69.69 Barclays 99.96 69.67 (0.01) (0.02) DTD 05/18/2022 3.310% 11/15/2026

0.04 4.40
HART 2022-B A3 44918MAD2 3,425.16 Barclays 99.97 3,424.25 (0.90) (0.91) DTD 07/20/2022 3.720% 11/16/2026

0.04 4.38
CARMX 2022-2 A3 14317HAC5 6,535.17 BOFAML 99.94 6,531.35 (2.83) (3.54) DTD 04/28/2022 3.490% 02/16/2027

0.08 4.30
COPAR 2022-1 A3 14043QAC6 12,268.01 WellsFar 99.79 12,242.13 (23.20) (25.04) DTD 05/04/2022 3.170% 04/15/2027

0.21 4.20
TAOT 2022-C A3 89231CAD9 13,476.28 Citigrou 99.88 13,460.51 (13.51) (15.02) DTD 08/16/2022 3.760% 04/15/2027

0.27 4.22
HART 2023-A A3 448979AD6 26,677.98 BOFAML 100.12 26,710.42 35.05 33.44 DTD 04/12/2023 4.580% 04/15/2027

0.26 4.15
CARMX 2022-3 A3 14318MAD1 28,115.82 RBC Capi 99.94 28,099.26 (15.90) (16.35) DTD 07/20/2022 3.970% 04/15/2027

0.22 4.28
GMCAR 2022-3 A3 36265WAD5 10,477.15 BOFAML 99.92 10,468.94 (8.14) (8.19) DTD 07/13/2022 3.640% 04/16/2027

0.13 4.32
COPAR 2022-2 A3 14043GAD6 19,046.07 JPMorgan 99.87 19,020.82 (23.89) (24.79) DTD 08/10/2022 3.660% 05/17/2027

0.28 4.18
ALLYA 2022-2 A3 02008MAC3 43,526.68 JPMorgan 100.10 43,571.16 45.02 44.68 DTD 10/12/2022 4.760% 05/17/2027

0.20 4.28
CARMX 2022-4 A3 14318UAD3 48,596.33 Barclays 100.37 48,776.52 191.58 184.65 DTD 10/31/2022 5.340% 08/16/2027

0.32 4.29
MBART 2022-1 A3 58768PAC8 56,885.00 SMBC 100.37 57,097.75 224.00 217.20 DTD 11/22/2022 5.210% 08/16/2027

0.35 4.21
GMCAR 2022-4 A3 36265QAD8 62,247.12 RBC Capi 100.18 62,358.98 122.06 115.80 DTD 10/12/2022 4.820% 08/16/2027

0.26 4.18
PFM Asset Management, a division of Account 995341 Page 30 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
TAOT 2023-A A3 891940AC2 38,250.86 BOFAML 100.21 38,331.42 80.58 80.57 DTD 01/30/2023 4.630% 09/15/2027

0.43 4.19
MBART 2023-1 A3 58770AAC7 20,465.04 SUMITR 100.18 20,501.53 38.94 37.57 DTD 01/25/2023 4.510% 11/15/2027

0.44 4.15
NAROT 2023-A A3 65480WAD3 81,875.91 MIZU 100.31 82,131.86 270.42 262.69 DTD 04/26/2023 4.910% 11/15/2027

0.42 4.17
HDMOT 2023-A A3 41285JAD0 36,623.14 JPMorgan 100.33 36,744.95 125.49 123.50 DTD 02/23/2023 5.050% 12/15/2027

0.38 4.24
TAOT 2023-B A3 891941AD8 68,219.07 RBC Capi 100.36 68,466.30 251.04 249.14 DTD 05/23/2023 4.710% 02/15/2028

0.60 4.15
BMWOT 2023-A A3 05592XAD2 26,050.96 TD Secur 100.71 26,234.96 188.61 186.40 DTD 07/18/2023 5.470% 02/25/2028

0.53 4.20
FORDO 2023-B A3 344930AD4 55,120.70 Citigrou 100.73 55,521.81 401.86 401.51 DTD 06/26/2023 5.230% 05/15/2028

0.62 4.19
ALLYA 2023-1 A3 02007WAC2 62,049.86 BOFAML 100.87 62,590.56 551.28 546.45 DTD 07/19/2023 5.460% 05/15/2028

0.61 4.09
BMWLT 2025-1 A3 096912AD2 55,000.00 MUFG 100.76 55,420.31 421.52 421.30 DTD 06/10/2025 4.430% 06/26/2028

1.57 3.99
FITAT 2023-1 A3 31680EAD3 131,222.19 JPMorgan 100.92 132,430.22 1,216.17 1,212.73 DTD 08/23/2023 5.530% 08/15/2028

0.68 4.24
CHAIT 2023-A1 A 161571HT4 100,000.00 JPMorgan 101.21 101,205.40 1,233.12 1,222.63 DTD 09/15/2023 5.160% 09/15/2028

0.92 3.89
BACCT 2023-A2 A2 05522RDH8 70,000.00 BOFAML 101.23 70,858.97 868.37 865.03 DTD 12/14/2023 4.980% 11/15/2028

1.07 3.92
NAROT 2024-A A3 65479UAD0 200,000.00 MIZU 101.17 202,333.80 2,352.48 2,347.34 DTD 05/22/2024 5.280% 12/15/2028

0.91 4.09
CHAIT 2024-A1 A 161571HV9 225,000.00 JPMorgan 100.95 227,130.30 2,164.57 2,153.61 DTD 01/31/2024 4.600% 01/15/2029

1.23 3.91
TAOT 2024-C A3 89237QAD2 80,000.00 MUFG 101.12 80,893.20 893.25 893.20 DTD 07/30/2024 4.880% 03/15/2029

1.13 3.97
HART 2024-B A3 44934QAD3 90,000.00 Citigrou 101.10 90,987.39 1,000.97 997.68 DTD 07/24/2024 4.840% 03/15/2029

1.16 3.97
HAROT 2024-3 A3 43813YAC6 120,000.00 JPMorgan 100.79 120,952.44 971.29 967.05 DTD 08/21/2024 4.570% 03/21/2029

1.16 3.96
PFM Asset Management, a division of Account 995341 Page 31 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
GMCAR 2024-3 A3 38013KAD2 100,000.00 RBC Capi 101.27 101,267.60 1,282.99 1,279.24 DTD 07/10/2024 5.130% 04/16/2029

0.93 3.95
HART 2024-C A3 448976AD2 90,000.00 Barclays 100.76 90,684.99 691.58 690.10 DTD 10/16/2024 4.410% 05/15/2029

1.42 3.94
TAOT 2024-D A3 89239TAD4 50,000.00 MIZU 100.68 50,341.35 344.14 343.57 DTD 10/17/2024 4.400% 06/15/2029

1.31 3.95
FORDO 2024-C A3 34532UAD1 120,000.00 Citigrou 100.24 120,290.64 291.46 291.06 DTD 09/20/2024 4.070% 07/15/2029

1.48 3.96
ALLYA 2024-2 A3 02007NAC2 80,000.00 BOFAML 100.24 80,193.04 201.31 199.49 DTD 09/27/2024 4.140% 07/16/2029

0.93 4.02
VALET 2024-1 A3 92868RAD0 70,000.00 WellsFar 101.16 70,808.71 815.30 814.07 DTD 11/26/2024 4.630% 07/20/2029

1.66 4.00
TAOT 2025-A A3 89240JAD3 125,000.00 TD Secur 101.27 126,582.88 1,587.89 1,586.86 DTD 01/29/2025 4.640% 08/15/2029

1.46 3.84
GMCAR 2024-4 A3 38014AAD3 70,000.00 MIZU 100.69 70,481.88 495.36 492.83 DTD 10/16/2024 4.400% 08/16/2029

1.21 3.90
VALET 2025-1 A3 92868MAD1 125,000.00 Barclays 101.00 126,252.00 1,256.25 1,255.56 DTD 03/25/2025 4.500% 08/20/2029

1.77 4.00
COMET 2024-A1 A 14041NGE5 240,000.00 BOFAML 100.12 240,277.68 324.53 315.43 DTD 09/24/2024 3.920% 09/15/2029

1.85 3.91
HAROT 2025-1 A3 43814VAC1 195,000.00 MUFG 101.10 197,138.76 2,144.77 2,143.71 DTD 02/11/2025 4.570% 09/21/2029

1.59 3.95
BMWOT 2025-A A3 096924AD7 135,000.00 WellsFar 100.93 136,253.20 1,266.50 1,264.49 DTD 02/12/2025 4.560% 09/25/2029

1.40 3.97
HAROT 2025-2 A3 437921AD1 60,000.00 JPMorgan 100.34 60,206.70 213.40 212.71 DTD 05/08/2025 4.150% 10/15/2029

1.94 4.14
WFCIT 2024-A2 A 92970QAE5 125,000.00 WellsFar 100.83 126,032.63 1,051.20 1,047.90 DTD 10/24/2024 4.290% 10/15/2029

1.92 3.91
HART 2025-A A3 44935CAD3 170,000.00 Barclays 100.76 171,298.46 1,323.54 1,320.47 DTD 03/12/2025 4.320% 10/15/2029

1.69 3.93
TAOT 2025-B A3 89231HAD8 100,000.00 Barclays 100.81 100,814.90 820.63 819.80 DTD 04/30/2025 4.340% 11/15/2029

1.76 3.94
GMCAR 2025-1 A3 362955AD8 85,000.00 CRAG 101.12 85,955.40 961.72 960.59 DTD 01/15/2025 4.620% 12/17/2029

1.33 3.85
PFM Asset Management, a division of Account 995341 Page 32 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
NAROT 2025-A A3 65481GAD7 105,000.00 BNP Sec 101.19 106,252.76 1,272.92 1,271.26 DTD 05/27/2025 4.490% 12/17/2029

1.98 3.95
MBART 2025-1 A3 58773DAD6 120,000.00 SGAS 101.33 121,597.92 1,623.44 1,619.85 DTD 01/23/2025 4.780% 12/17/2029

1.42 3.92
AMXCA 2025-1 A 02582JKM1 260,000.00 WellsFar 101.47 263,820.18 3,877.93 3,870.89 DTD 02/11/2025 4.560% 12/17/2029

2.06 3.93
TAOT 2025-C A3 89238VAD0 110,000.00 RBC Capi 100.50 110,549.23 560.82 560.41 DTD 07/30/2025 4.110% 03/15/2030

2.19 3.94
VZMT 2025-3 A1A 92348KDY6 150,000.00 BOFAML 100.83 151,246.05 1,252.50 1,251.51 DTD 03/31/2025 4.510% 03/20/2030

1.92 4.18
FORDO 2025-B A3 34532BAG6 110,000.00 Barclays 99.97 109,969.97 (18.16) (18.61) DTD 09/26/2025 3.910% 04/15/2030

2.17 3.97
AMXCA 2025-2 A 02582JKP4 190,000.00 RBC Capi 100.96 191,815.07 1,818.51 1,818.20 DTD 05/13/2025 4.280% 04/15/2030

2.36 3.93
BACCT 2025-A1 A 05522RDK1 125,000.00 BOFAML 101.14 126,430.38 1,430.86 1,430.38 DTD 06/12/2025 4.310% 05/15/2030

2.43 3.90
CCCIT 2025-A1 A 17305EHA6 275,000.00 Citigrou 101.04 277,861.10 2,935.71 2,932.08 DTD 06/26/2025 4.300% 06/21/2030

2.52 3.91
COMET 2025-A1 A 14041NGF2 170,000.00 WellsFar 99.95 169,911.43 (56.34) (57.14) DTD 09/16/2025 3.820% 09/16/2030

2.75 3.89
Security Type Sub-Total 5,346,224.20 5,388,902.09 43,330.05 43,187.02 1.50 3.99 Managed Account Sub-Total 27,930,546.95 28,067,742.94 316,995.73 235,919.12 1.73 3.86 Total Investments $28,272,346.55
$204,603.61
$28,067,742.94
Accrued Interest
Securities Sub-Total $27,930,546.95 $316,995.73 $235,919.12 1.73 3.86% PFM Asset Management, a division of Account 995341 Page 33 U.S. Bancorp Asset Management, Inc.

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Managed Account Security Transactions & Interest For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
09/04/25 US TREASURY N/B
DTD 08/15/2025 3.625% 08/15/2028
09/02/25 91282CNU1 1,025,000.00 (1,024,919.92) (2,019.36) (1,026,939.28) 09/05/25 TOYOTA MOTOR CREDIT CORP
DTD 09/05/2025 4.050% 09/05/2028
09/02/25 89236TNR2 100,000.00 (99,877.00) 0.00 (99,877.00) 09/16/25 COMET 2025-A1 A
DTD 09/16/2025 3.820% 09/16/2030
09/09/25 14041NGF2 170,000.00 (169,967.77) 0.00 (169,967.77) 09/26/25 FORDO 2025-B A3
DTD 09/26/2025 3.910% 04/15/2030
09/23/25 34532BAG6 110,000.00 (109,988.13) 0.00 (109,988.13) Transaction Type Sub-Total 1,405,000.00 (1,404,752.82) (2,019.36) (1,406,772.18)

INTEREST
09/01/25 JOHNSON & JOHNSON (CALLABLE)
DTD 02/20/2025 4.550% 03/01/2028
09/01/25 478160DH4 0.00 965.61 965.61
09/25/25 FNA 2024-M6 A2
DTD 11/01/2024 3.001% 07/01/2027
09/01/25 3136BTGM9 0.00 500.16 500.16
09/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
09/01/25 3137BTUM1 0.00 227.31 227.31
09/25/25 FHMS K051 A2
DTD 12/01/2015 3.308% 09/01/2025
09/01/25 3137BM7C4 0.00 95.61 95.61
09/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
09/01/25 3137BNGT5 0.00 250.45 250.45
09/25/25 FHMS K063 A2
DTD 03/01/2017 3.430% 01/01/2027
09/01/25 3137BVZ82 0.00 543.08 543.08
09/25/25 FHMS K736 A2
DTD 09/01/2019 2.282% 07/01/2026
09/01/25 3137FNWX4 0.00 211.47 211.47
09/25/25 FHMS K077 A2
DTD 06/01/2018 3.850% 05/01/2028
09/01/25 3137FG6X8 0.00 449.17 449.17
09/25/25 FHMS K069 A2
DTD 11/01/2017 3.187% 09/01/2027
09/01/25 3137FBU79 0.00 246.75 246.75
09/25/25 FHMS K059 A2
DTD 11/01/2016 3.120% 09/01/2026
09/01/25 3137BSRE5 0.00 325.00 325.00
09/25/25 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
09/01/25 3137BSP72 0.00 386.90 386.90
PFM Asset Management, a division of Account 995341 Page 34 U.S. Bancorp Asset Management, Inc.

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INTEREST
09/25/25 FHMS K068 A2
DTD 10/01/2017 3.244% 08/01/2027
09/01/25 3137FBBX3 0.00 337.92 337.92
09/25/25 FHMS K739 A2
DTD 11/01/2020 1.336% 09/01/2027
09/01/25 3137F64P9 0.00 246.66 246.66
09/25/25 FHMS K076 A2
DTD 05/01/2018 3.900% 04/01/2028
09/01/25 3137FEZU7 0.00 731.25 731.25
09/25/25 FHMS K067 A2
DTD 09/01/2017 3.194% 07/01/2027
09/01/25 3137FAWS3 0.00 545.64 545.64
09/25/25 FHMS K057 A2
DTD 09/01/2016 2.570% 07/01/2026
09/01/25 3137BRQJ7 0.00 492.94 492.94
09/25/25 FHMS K079 A2
DTD 08/01/2018 3.926% 06/01/2028
09/01/25 3137FGZT5 0.00 785.20 785.20
09/25/25 FHMS K074 A2
DTD 03/01/2018 3.600% 01/01/2028
09/01/25 3137F4D41 0.00 405.00 405.00
09/25/25 FNA 2016-M3 A2
DTD 03/01/2016 2.702% 02/01/2026
09/01/25 3136ARTE8 0.00 240.15 240.15
09/25/25 FHMS K075 A2
DTD 04/01/2018 3.650% 02/01/2028
09/01/25 3137F4X72 0.00 790.83 790.83
09/25/25 FHMS K743 A2
DTD 06/01/2021 1.770% 05/01/2028
09/01/25 3137H14B9 0.00 295.00 295.00
09/02/25 CHARLES SCHWAB CORP (CALLABLE)
DTD 03/02/2017 3.200% 03/02/2027
09/02/25 808513AQ8 0.00 1,760.00 1,760.00
09/02/25 MONEY MARKET FUND
DTD 01/01/2010 0.000% --
09/02/25 MONEY0002 0.00 304.05 304.05
09/05/25 JOHN DEERE CAPITAL CORP
DTD 03/07/2024 4.850% 03/05/2027
09/05/25 24422EXM6 0.00 2,667.50 2,667.50
09/12/25 AMERICAN HONDA FINANCE
DTD 03/13/2024 4.900% 03/12/2027
09/12/25 02665WFD8 0.00 1,960.00 1,960.00
09/13/25 NATIONAL RURAL UTIL COOP
(CALLABLE)
DTD 02/09/2023 4.450% 03/13/2026
09/13/25 63743HFH0 0.00 445.00 445.00
09/14/25 HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
09/14/25 437076BT8 0.00 1,400.00 1,400.00
PFM Asset Management, a division of Account 995341 Page 35 U.S. Bancorp Asset Management, Inc.

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INTEREST
09/15/25 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
09/15/25 05522RDK1 0.00 448.96 448.96
09/15/25 HART 2022-B A3
DTD 07/20/2022 3.720% 11/16/2026
09/15/25 44918MAD2 0.00 21.43 21.43
09/15/25 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
09/15/25 44935CAD3 0.00 612.00 612.00
09/15/25 WFCIT 2024-A2 A
DTD 10/24/2024 4.290% 10/15/2029
09/15/25 92970QAE5 0.00 446.88 446.88
09/15/25 FORDO 2023-B A3
DTD 06/26/2023 5.230% 05/15/2028
09/15/25 344930AD4 0.00 258.74 258.74
09/15/25 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/15/2029
09/15/25 161571HV9 0.00 862.50 862.50
09/15/25 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
09/15/25 58773DAD6 0.00 478.00 478.00
09/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
09/15/25 41285JAD0 0.00 173.32 173.32
09/15/25 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
09/15/25 161571HT4 0.00 430.00 430.00
09/15/25 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
09/15/25 02007WAC2 0.00 304.80 304.80
09/15/25 TAOT 2024-D A3
DTD 10/17/2024 4.400% 06/15/2029
09/15/25 89239TAD4 0.00 183.33 183.33
09/15/25 ALLYA 2022-1 A3
DTD 05/18/2022 3.310% 11/15/2026
09/15/25 02008JAC0 0.00 14.34 14.34
09/15/25 ALLYA 2024-2 A3
DTD 09/27/2024 4.140% 07/16/2029
09/15/25 02007NAC2 0.00 276.00 276.00
09/15/25 AMXCA 2025-1 A
DTD 02/11/2025 4.560% 12/17/2029
09/15/25 02582JKM1 0.00 988.00 988.00
09/15/25 US TREASURY N/B
DTD 03/15/2024 4.250% 03/15/2027
09/15/25 91282CKE0 0.00 6,906.25 6,906.25
09/15/25 ALLYA 2022-2 A3
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09/18/25 STATE STREET CORP (CALLABLE)
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09/24/25 ADVANCED MICRO DEVICES
(CALLABLE)
DTD 03/24/2025 4.319% 03/24/2028
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09/25/25 BMWLT 2025-1 A3
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DTD 03/08/2024 4.800% 03/30/2027
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PAYDOWNS
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PAYDOWNS
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Managed Account Security Transactions & Interest For the Month Ending September 30, 2025 CITY OF LA PALMA - OPERATING PORTFOLIO - 995341 - (14205145) Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
09/03/25 TOYOTA MOTOR CREDIT CORP
DTD 11/20/2023 5.400% 11/20/2026
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DTD 12/15/2023 4.375% 12/15/2026
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DTD 11/15/2023 4.625% 11/15/2026
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DTD 01/16/2024 4.000% 01/15/2027
09/23/25 91282CJT9 75,000.00 75,313.48 595.11 75,908.59 257.82 287.97 FIFO Transaction Type Sub-Total 1,075,000.00 1,083,871.06 12,392.05 1,096,263.11 2,649.54 6,145.02 Managed Account Sub-Total (165,064.97) 99,401.66 (65,663.31) 3,158.69 6,210.84 Total Security Transactions ($165,064.97) $99,401.66 ($65,663.31) $3,158.69 $6,210.84 PFM Asset Management, a division of Account 995341 Page 42 U.S. Bancorp Asset Management, Inc.

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Agenda Item No. 11 November 4, 2025 | 1
City of La Palma
Agenda Item No. 11
MEETING DATE: November 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Joseph Cisneros, Deputy City Manager
AGENDA TITLE: Information Technology (IT) Firewall Upgrade RECOMMENDED ACTION:

It is recommended that the City Council authorize the City Manager to execute a five-year service agreement with Fortinet for firewall services in an amount not to exceed $29,362.50.

SUMMARY:

The City of La Palma currently uses a Palo Alto firewall and backup application to manage data backups for its core network systems, including file servers, financial applications, and departmental data. While the system has been reliable, the City’s IT contractor, Infinity Technologies, recommends transitioning to Fortinet to improve performance, security, and disaster recovery capabilities.

The Palo Alto firewall service, now operating on a month-to-month basis, provides both local and cloud backups but could expose the City with extended downtime in the event of a major system failure. To strengthen the City’s IT infrastructure and ensure faster recovery, Infinity Technologies recommends replacing Palo Alto with Fortinet’s integrated backup solution, offering enhanced reliability and security.

Given the cost of services and equipment, the City and its IT contractor obtained competitive pricing from multiple vendors. The following summarizes the received quotes:

Service Provider Price Term
Intelli-Tech $29,362.50 (tax/shipping included) 5 Years SHI International Corp $27,441.00 (tax/shipping NOT included) 5 Years CDW-G $30,445.97 (tax/shipping NOT included) 5 Years
The transition to Fortinet is expected to take approximately three to four months and, if approved, will begin next month. The process will be completed without any interruption to the City’s firewall services.

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Agenda Item No. 11 November 4, 2025 | 2
FISCAL IMPACT:

The estimated cost for the transition to Intelli-Tech Fortinet solution, including hardware, software licensing, configuration, and support, is $29,362.50. Funding for this service is available in the Adopted Fiscal Year 2025–26 Budget (Account 001-180-6040-0000) and will be incorporated into future operating budgets.

ATTACHMENTS:

1. Intelli-Tech Quote

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1652 Yeager Avenue
La Verne, CA 91750
(909) 394-5188 DATE
fax (909) 394-5190 09/12/25

BILLING
City of La Palma
7822 Walker Street
La Palma, CA 90623
Attn: Cesar Vazquez

SHIP TERMS
City of La Palma Net 30
7822 Walker Street FOB
La Palma, CA 90623
Attn: Cesar Vazquez
# Qty Part No. Description ETA Price Extended
1 2 FG-120G-BDL-809-60 Fortinet FortiGate 120G Hardware Bundle - 5 Years 1-2 Weeks 12,050.00 $ 24,100.00 $ FortiGate-120G Hardware plus 5 Year FortiCare Premium and FortiGuard Enterprise Protection. Includes FortiConverter service. 2 1 FG-70G-BDL-809-60 Fortinet FortiGate 70G Hardware Bundle - 5 Years 1-2 Weeks 2,900.00 $ 2,900.00 $ FortiGate-70G Hardware plus 5 Year FortiCare Premium and FortiGuard Enterprise Protection - Desktop - Wired - Gigabit Ethernet - HTTPS,HTTP - Power adapter - 100-240V AC, Max 12.8W
Sub-total $ 27,000.00
Tax 8.75% $ 2,362.50
Shipping (estimated) $ -
NOTE: ALL CUSTOM ORDERS ARE NON-CANCELABLE/NON-RETURNABLE E-waste $ - NOTE: PRICING AND AVAILABILITY IS SUBJECT TO CHANGE WITHOUT NOTICE Grand Total $ 29,362.50 NOTE: PRICING IS CONTINGENT ON QUANTITY QUOTED ABOVE

PURCHASE ORDER NO
RFQ #

DEPARTMENT
[email protected] [email protected] Cesar Vazquez Kevin Praeger
714-202-0255 (909) 394-5188 x4515
QUOTE
QUOTATION NO.

CV091225A-KP

CONTACT ACCOUNT TEAM

Page 1 of 1 ends

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FortiGate FortiWiFi 70G Series
IPS NGFW Threat Protection Interfaces

2.5 Gbps 1.5 Gbps 1.3 Gbps Multiple GE RJ45
Variants with Wifi and internal storage
Highlights
Gartner® Magic Quadrant™
Leaders for both Network
Firewalls and SD‑WAN
Unparalleled performance
enabled by Fortinet’s
patented ASIC and the
FortiOS operating system
Enterprise-grade protection
with FortiGuard AI-Powered
Security Services
Simplified operations with
centralized management
for networking and security,
automated workflows, deep
analytics, and self-healing
Inclusive SD-WAN and
wireless controller in every
FortiGate appliance at no
extra cost
Rich portfolio for any
business budget and need
Converged Next-Generation Firewall and SD-WAN
The FortiGate FortiWiFi 70G series integrate firewalling, SD-WAN, and security in one appliance, making them perfect for building secure networks at distributed enterprise sites and transforming WAN architecture at any scale.

The 70G series runs on FortiOS, the industry’s first converged networking and security operating system. This single OS approach enables businesses to gain benefits of operational efficiency and unified protection from the seamless integration of Fortinet Solutions within a Hybrid Mesh Firewall architecture.

As a cornerstone of the Fortinet Security Fabric platform, the FortiGate NGFW works seamlessly with FortiGuard AI-Powered Security Services to deliver coordinated, automated, end-to-end threat protection in real time.

The 70G family is built on the patented SD-WAN-based ASIC, which delivers unmatched performance over traditional CPUs with lower cost and reduced power consumption. This application-specific design and embedded multi-core processor further accelerate the convergence of networking and security functions in the 70G family to optimize secure connections and deliver a robust user experience at branch locations.

Data Sheet

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Use Cases
Perimeter Protection
• Protect networks from malicious traffic, guard against file-based threats, block web-based attacks, and secure applications and data with natively integrated FortiGuard AI-Powered Security Services
• Inspect and control incoming and outgoing traffic based on defined security policies • Perform real-time SSL inspection (including TLS 1.3) with full visibility into users, devices, and applications across the attack surface
• Accelerate performance, protection, and energy efficiency with Fortinet’s patented SPU with converged security and networking technologies
Secure SD-WAN
• FortiGate enables best-of-breed WAN edge with integrated SD-WAN, WAN optimization, security, and unified management from a single FortiOS operating system • FortiGate, built on a patented SD-WAN-based ASIC, delivers faster application identification to avoid delays in accessing applications and accelerates overlay performance regardless of location
• Enhances hybrid working with a comprehensive SASE solution by integrating cloud-delivered SD-WAN with security service edge (SSE)
• Achieves operational efficiencies at any scale through automation, deep analytics, and selfhealing Secure Branch
• The Fortinet Security Fabric platform enables FortiGate NGFWs to automatically discover and secure IoT devices for faster branch onboarding
• Fully integrated with FortiSwitch secure Ethernet switches and FortiAP access points, FortiGate easily extends security to WAN, LAN, and WLAN at branch offices for unified protection and reliable connectivity
• FortiGate and Fortinet products work seamlessly with FortiManager to centralize visibility and simplify management across locations for IT teams
• FortiGate HA support ensures continuous network protection and minimizes downtime in the event of hardware failures or network disruptions
Universal ZTNA
Control access to applications no matter where the user is and no matter where the application is hosted for universal application of access policies. • Provide extensive authentications, checks, and enforce policy prior to granting application access every time
• Agent-based access with FortiClient or agentless access via proxy portal for guest or BYOD 2 FortiGate FortiWiFi 70G Series Data Sheet

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FortiGuard AI-Powered Security Services
FortiGuard AI-Powered Security Services is part of Fortinet’s layered defense and tightly integrated into our FortiGate NGFWs and other products. Infused with the latest threat intelligence from FortiGuard Labs, these services protect organizations against modern attack vectors and threats, including zero-day and sophisticated AI-powered attacks.

Network and file security
Network and file security services protect against network and file-based threats. With over 18,000 signatures, our industry-leading intrusion prevention system (IPS) uses AI/ML models for deep packet/SSL inspection, detecting and blocking malicious content, and applying virtual patches for newly discovered vulnerabilities. Anti-malware protection defends against both known and unknown file-based threats, combining antivirus and sandboxing for multi-layered security. Application control improves security compliance and provides real-time visibility into applications and usage.

Web/DNS security
Web/DNS security services protect against DNS-based attacks, malicious URLs (including those in emails), and botnet communications. DNS filtering blocks the full spectrum of DNSbased attacks while URL filtering uses a database of over 300 million URLs to identify and block malicious links. Meanwhile, IP reputation and anti-botnet services guard against botnet activity and DDoS attacks. FortiGuard Labs blocks over 500 million malicious/phishing/ spam URLs weekly, and blocks 32,000 botnet command-and-control attempts every minute, demonstrating the robust protection offered through Fortinet.

SaaS and data security
SaaS and data security services cover key security needs for application use and data protection. This includes data loss prevention to ensure visibility, management, and protection (blocking exfiltration) of data in motion across networks, clouds, and users. Our inline cloud access security broker service protects data in motion, at rest, and in the cloud, enforcing compliance standards and managing account, user, and cloud app usage. Services also assess infrastructure, validate configurations, and highlight risks and vulnerabilities, including IoT device detection and vulnerability correlation.

Zero-Day threat prevention
Zero-day threat prevention is achieved through AI-powered inline malware prevention to analyze file content to identify and block unknown malware in real time, delivering sub-second protection across all NGFWs. The service also integrates the MITRE ATT&CK matrix to speed up investigations. Integrated into FortiGate NGFWs, the service provides comprehensive defense by blocking unknown threats, streamlining incident response, and reducing security overhead.

OT security
With over 1000 virtual patches, 1100+ OT applications, and 3300+ protocol rules, integrated OT security capabilities detect threats targeting OT infrastructure, perform vulnerability correlation, apply virtual patching, and utilize industry-specific protocol decoders for robust defense of OT environments and devices.
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FortiOS Everywhere
FortiOS, Fortinet’s Real-Time Network Security Operating System FortiOS is the operating system that powers Fortinet Security Fabric platform, enabling enforcement of security policies and holistic visibility across the entire attack surface.

FortiOS provides a unified framework for managing and securing networks, cloud-based, hybrid, or a convergence of IT, OT, and IoT. FortiOS enables seamless and efficient interoperation across Fortinet products with consistent and consolidated AI-powered protection across today’s hybrid environments.

Unlike traditional point solutions, Fortinet adopts a holistic approach to cybersecurity, aiming to reduce complexities, eliminate security silos, and improve operational efficiencies.

By consolidating security functions into a single platform, FortiOS simplifies management, reduces costs, and enhances overall security posture. Together, FortiGate and FortiOS create intelligent, adaptive protection to help organizations reduce complexity, eliminate security silos, and optimize user experience.

By integrating generative AI (GenAI), FortiOS further enhances the ability to analyze network traffic and threat intelligence, detects deviations or anomalies more effectively, and provides more precise remediation recommendations, ensuring minimum performance impact without compromising security.

Learn more about what’s new in FortiOS. https://www.fortinet.com/products/fortigate/fortios Available in
Appliance
Virtual
Hosted
Cloud
Container
Intuitive easy to use view into the network and
endpoint vulnerabilities
Comprehensive view of network performance,
security, and system status
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Fortinet ASICs: Unrivaled Security, Unprecedented Performance Powered by the only purpose-built SPU
Traditional firewalls cannot protect against today’s content and connection-based threats because they rely on off-the-shelf general-purpose central processing units (CPUs), leaving a dangerous security gap. Fortinet’s custom SPUs deliver the power you need to radically increase speed, scale, and efficiency while greatly improving user experience and reducing footprint and power requirements. Fortinet’s SPUs deliver up to 520 Gbps of protected throughput to detect emerging threats and block malicious content while ensuring your network security solution does not become a performance bottleneck.

Fortinet ASICs are designed to be energy-efficient, leading to lower power consumption and improved TCO. They deliver industry-leading throughput, handle more traffic and perform security inspections faster, reduce latency for quicker packet processing and minimize network delays.

Fortinet SPUs are designed with integrated security functions like zero trust, SSL, IPS, and VXLAN to name but a few, dramatically improving the performance of these functions that competitors traditionally implement in software.

Secure SD-WAN ASIC SP5
• Combines a RISC-based CPU with Fortinet’s proprietary SPU content and network processors for unmatched performance
• Delivers the industry’s fastest application identification and steering for efficient business operations
• Accelerates IPsec VPN performance for the best user experience on direct internet access • Enables best-of-breed NGFW security and deep SSL inspection with high performance • Extends security to the access layer to enable SD-Branch transformation with accelerated and integrated switch and access point connectivity
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Unified Management for Optimal Security and Efficiency
Whether you are a small business or a large enterprise, Fortinet provides centralized control, visibility, and automation for your security infrastructure.

FortiManager: Centralized management at scale for distributed enterprises FortiManager, powered by FortiAI, is a centralized management solution for the Fortinet Security Fabric. It streamlines mass provisioning and policy management for FortiGate, FortiGate VM, cloud security, SD-WAN, SD-Branch, FortiSASE, and ZTNA in hybrid environments. Additionally, FortiManager provides real-time monitoring of the entire managed infrastructure and automates network operation workflows. Leveraging GenAI in FortiAI, it further enhances Day 0–1 configurations and provisioning, and Day N troubleshooting and maintenance, unlocking the full potential of the Fortinet Security Fabric and significantly boosting operational efficiency.

FortiGate Cloud: Simplified management for small and mid-size businesses FortiGate Cloud is a SaaS service offering simplified management, security analytics, and reporting for Fortinet FortiGate NGFWs to help you more efficiently manage your devices and reduce cyber risk. It simplifies the initial deployment, setup, and ongoing management of FortiGates and downstream connected devices such as FortiAP, FortiSwitch, and FortiExtender, with zero-touch provisioning. It provides real-time and historical visibility into traffic analytics and security threats to reduce risks and improve security posture. View various threats, web traffic, and system events stored in the cloud for up to a year, with predefined reports to meet compliance and deliver actionable insights.

GenAI in FortiManager helps manage networks
effortlessly—generate configuration and policy
scripts, troubleshoot issues, and execute
recommended actions.

FortiGate Cloud provides intuitive management
and analytics solution with end-to-end visibility,
logging and reporting for SMB.

FortiConverter Service
Migration to FortiGate NGFW made easy
The FortiConverter Service provides hassle-free migration to help organizations transition quickly and easily from a wide range of legacy firewalls to FortiGate NGFWs. The service eliminates errors and redundancy by employing best practices with advanced methodologies and automated processes. Organizations can accelerate their network protection with the latest FortiOS technology.
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Hardware
FortiGate 70G/71G
FortiWiFi 70G/71G
Interfaces

1. Signed Firmware Switch

2. 1x Console Port
1x USB Port

3. 2x GE RJ45 WAN Ports

4. 2x GE RJ45 FortiLink Ports

5. 6x GE RJ45 Ethernet Ports
FortiGate 70G

BLE/RESET BLE
Signed Firmware
BLE
1 PWR STATUS HA
2 3 4 5 6 A B WAN1 WAN2

LINK/ACT

SPEED H
L
Signed
Firmware
WAN2 WAN1 B A 6 5 4 3 2 1
1 2 3 4 5
Interfaces

1. Signed Firmware Switch

2. 1x Console Port
1x USB Port

3. 2x GE RJ45 WAN Ports

4. 2x GE RJ45 FortiLink Ports

5. 6x GE RJ45 Ethernet Ports

6. 3x WiFi Antenna Ports
FortiWiFi 70G

BLE/RESET BLE
Signed Firmware
BLE
1 PWR STATUS HA WIFI
2 3 4 5 6 A B WAN1 WAN2

LINK/ACT

SPEED H
L
Signed
Firmware
WAN2 WAN1 B A 6 5 4 3 2 1

WIFI WIFI WIFI
1 2 3 4 5 6
SP5 TPM DESKTOP GE 64GB
SP5 TPM DESKTOP GE a/b/g/n/ac-W2/ax 64GB
7 FortiGate FortiWiFi 70G Series Data Sheet

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Hardware
FortiGate 70G/71G-POE
FortiWiFi 70G-POE
Interfaces

1. Signed Firmware Switch

2. 1x Console Port
1x USB Port

3. 2x GE RJ45 WAN Ports

4. 4x GE RJ45 FortiLink Ports

5. 4x GE RJ45 PoE/+ Ports
FortiGate 70G POE

BLE/RESET BLE

SIGNED FIRMWARE
BLE
1 PWR
STATUS
HA
2 3 4 5 6 A B
WAN2
WAN1 MAX PoE
PoE+
PoE+

LINK/ACT
H
L
SIGNED

FIRMWARE
WAN2
WAN1 DC+54V B
A
6 5
4 3 2
1 PoE+
1 2 3 4 5
Interfaces

1. Signed Firmware Switch

2. 1x Console Port
1x USB Port

3. 2x GE RJ45 WAN Ports

4. 4x GE RJ45 FortiLink Ports

5. 4x GE RJ45 Ethernet Ports

6. 3x WiFi Antenna Ports
POE

BLE/RESET BLE

SIGNED FIRMWARE
BLE
1 PWR

WIFI STATUS
HA
2 3 4 5 6 A B
WAN2
WAN1 MAX PoE
PoE+
PoE+

LINK/ACT
H
L
FortiWiFi 70G
SIGNED

FIRMWARE
WAN2
WAN1 DC+54V B
A
6 5
4 3 2
1 PoE+
WIFI
WIFI
WIFI
1 2 3 4 5 6
SP5 TPM DESKTOP GE 64GB
SP5 TPM DESKTOP GE a/b/g/n/ac-W2/ax 64GB
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Hardware Features
Superior Wireless Coverage
A built-in dual-band, dual-stream access point is integrated on the FortiWiFi 70G series which provides the industry’s latest high-speed WiFi-6 (802.11ax) wireless access.

Trusted Platform Module (TPM)
The FortiGate FortiWiFi 70G series features a dedicated module that hardens physical networking appliances by generating, storing, and authenticating cryptographic keys.

Hardware-based security mechanisms protect against malicious software and phishing attacks.

Access Layer Security
FortiLink protocol enables you to converge security and the network access by integrating the FortiSwitch into the FortiGate as a logical extension of the NGFW. These FortiLink enabled ports can be reconfigured as regular ports as needed.

Compact and Reliable Form Factor
Designed for small environments, you can place it on a desktop or wall-mount it. It is small, lightweight, yet highly reliable with a superior MTBF (Mean Time Between Failure), minimizing the chance of a network disruption.

Signed Firmware Hardware Switch
The signed firmware switch is a physical security switch. It is by default set to the highest security level. The highest security level ensures that only an appropriately validated FortiOS firmware can be loaded on the FortiGate. This adds an additional physical layer of security to the FortiGate, acting as a key deterrent to and reducing risk of compromise. 9 FortiGate FortiWiFi 70G Series Data Sheet

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Specifications
FG-70G FG-71G FG-70G-POE FG-71G-POE
Hardware Specifications
Hardware Accelerated GE WAN Ports 2 2 2 2
Hardware Accelerated GE RJ45 Ports 6 6 2 2
Hardware Accelerated GE RJ45 FortiLink Ports (Default) 2 2 2 2 Hardware Accelerated GE RJ45 POE/+Ports — — 4 4
USB Port 1 1 1 1
Console Port (RJ45) 1 1 1 1
Internal Storage — 64GB SSD — 64GB SSD
Trusted Platform Module (TPM)    
Bluetooth Low Energy (BLE)    
Signed Firmware Hardware Switch    
System Performance* — Enterprise Traffic Mix
IPS Throughput 2 2.5 Gbps
NGFW Throughput 2, 4 1.5 Gbps
Threat Protection Throughput 2, 5 1.3 Gbps
System Performance and Capacity
Firewall Throughput (1518 / 512 / 64 byte UDP packets) 10 / 10 / 10 Gbps Firewall Latency (64 byte UDP packets) 2.46 μs
Firewall Throughput (Packets Per Second) 15 Mpps
Concurrent Sessions (TCP) 1.4 M
New Sessions/Second (TCP) 100 000
Firewall Policies 5000
IPsec VPN Throughput (512 byte) 1 7.1 Gbps
Gateway-to-Gateway IPsec VPN Tunnels 200
Client-to-Gateway IPsec VPN Tunnels 500
SSL-VPN Throughput N/A
Concurrent SSL-VPN Users (Recommended Maximum, Tunnel Mode) N/A SSL Inspection Throughput (IPS, avg. HTTPS) 3 1.4 Gbps
SSL Inspection CPS (IPS, avg. HTTPS) 3 715
SSL Inspection Concurrent Session (IPS, avg. HTTPS) 3 140 000 Application Control Throughput (HTTP 64K) 2 3.6 Gbps
CAPWAP Throughput (HTTP 64K) 6.8 Gbps
Virtual Domains (Default / Maximum) 10 / 10
Maximum Number of FortiSwitches Supported 24
Maximum Number of FortiAPs (Total / Tunnel Mode) 96 / 48 Maximum Number of FortiTokens 500
High Availability Configurations Active-Active, Active-Passive, Clustering Note: All performance values are “up to” and vary depending on system configuration. 1 IPsec VPN performance test uses AES256-SHA256.
2 IPS (Enterprise Mix), Application Control, NGFW and Threat Protection are measured with Logging enabled.
3 SSL Inspection performance values use an average of HTTPS sessions of different cipher suites.
4 NGFW performance is measured with Firewall, IPS and Application Control enabled. 5 Threat Protection performance is measured with Firewall, IPS, Application Control and Malware Protection enabled.
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FG-70G FG-71G FG-70G-POE FG-71G-POE
Dimensions
Height x Width x Length (inches) 1.6 x 8.5 x 6.3
Height x Width x Length (mm) 40.5 x 216 x 160
Weight 2.01 lbs (0.91 kg) 2.05 lbs (0.93 kg) 2.145 lbs (0.973 kg) 2.19 lbs (0.993 kg) Form Factor Desktop
Operating Environment and Certifications
Input Rating 12V DC, 3A
Power Supply Efficiency Rating 80Plus Compliant
Maximum Current 100V/0.4A ,240V/0.2A
Total Available PoE Power Budget* — — 60 W 60 W
Power Required Powered by External DC Power Adapter, 100–240V AC, 50/60 Hz Power Consumption (Average / Maximum) 12.3 W / 12.8 W 13.4 W / 14.1 W 70.3 W / 72.5 W 76 W / 79 W Heat Dissipation 43.65 BTU/hr 48.08 BTU/hr 247.23 BTU/hr 269.39 BTU/hr Operating Temperature 32°F to 104°F (0°C to 40°C)
Storage Temperature -31°F to 158°F (-35°C to 70°C)
Humidity 10% to 90% non-condensing
Noise Level Fanless
Operating Altitude Up to 10 000 ft (3048 m)
Compliance FCC, ICES, CE, RCM, VCCI, BSMI, UL/cUL, CB
Certifications USGv6/IPv6
* Maximum loading on each PoE/+ port is 30 W (802.3at).

Specifications
Note: All performance values are “up to” and vary depending on system configuration. 1 IPsec VPN performance test uses AES256-SHA256.
2 IPS (Enterprise Mix), Application Control, NGFW and Threat Protection are measured with Logging enabled.
3 SSL Inspection performance values use an average of HTTPS sessions of different cipher suites.
4 NGFW performance is measured with Firewall, IPS and Application Control enabled. 5 Threat Protection performance is measured with Firewall, IPS, Application Control and Malware Protection enabled.
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Specifications
FWF-70G FWF-71G FWF-70G-POE
Hardware Specifications
Hardware Accelerated GE WAN Ports 2 2 2
Hardware Accelerated GE RJ45 Ports 6 6 2
Hardware Accelerated GE RJ45 FortiLink Ports (Default) 2 2 2 Hardware Accelerated GE RJ45 PoE/+ Ports — — 4
USB Port 1 1 1
Console Port (RJ45) 1 1 1
Internal Storage — 64GB SSD —
Trusted Platform Module (TPM)   
Bluetooth Low Energy (BLE)   
Signed Firmware Hardware Switch   
Antenna Ports (SMA) 3 3 3
Wireless Interface Dual Radio (2.4 GHz/ 5 GHz), 802.11 a/b/g/n/ac/ax System Performance* — Enterprise Traffic Mix
IPS Throughput 2 2.5 Gbps
NGFW Throughput 2, 4 1.5 Gbps
Threat Protection Throughput 2, 5 1.3 Gbps
System Performance and Capacity
Firewall Throughput (1518 / 512 / 64 byte UDP packets) 10 / 10 / 10 Gbps Firewall Latency (64 byte UDP packets) 2.46 μs
Firewall Throughput (Packets Per Second) 15 Mpps
Concurrent Sessions (TCP) 1.4 M
New Sessions/Second (TCP) 100 000
Firewall Policies 5000
IPsec VPN Throughput (512 byte) 1 7.1 Gbps
Gateway-to-Gateway IPsec VPN Tunnels 200
Client-to-Gateway IPsec VPN Tunnels 500
SSL-VPN Throughput N/A
Concurrent SSL-VPN Users (Recommended Maximum, Tunnel Mode) N/A SSL Inspection Throughput (IPS, avg. HTTPS) 3 1.4 Gbps
SSL Inspection CPS (IPS, avg. HTTPS) 3 715
SSL Inspection Concurrent Session (IPS, avg. HTTPS) 3 140 000 Application Control Throughput (HTTP 64K) 2 3.6 Gbps
CAPWAP Throughput (HTTP 64K) 6.8 Gbps
Virtual Domains (Default / Maximum) 10 / 10
Maximum Number of FortiSwitches Supported 24
Maximum Number of FortiAPs (Total / Tunnel Mode) 96 / 48 Maximum Number of FortiTokens 500
High Availability Configurations Active-Active, Active-Passive, Clustering Note: All performance values are “up to” and vary depending on system configuration. 1 IPsec VPN performance test uses AES256-SHA256.
2 IPS (Enterprise Mix), Application Control, NGFW and Threat Protection are measured with Logging enabled.
3 SSL Inspection performance values use an average of HTTPS sessions of different cipher suites.
4 NGFW performance is measured with Firewall, IPS and Application Control enabled. 5 Threat Protection performance is measured with Firewall, IPS, Application Control and Malware Protection enabled.
12 FortiGate FortiWiFi 70G Series Data Sheet

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FWF-70G FWF-71G FWF-70G-POE
Dimensions
Height x Width x Length (inches) 1.6 x 8.5 x 6.3
Height x Width x Length (mm) 40.5 x 216 x 160
Weight 2.23 lbs (1.01 kg) 2.27 lbs (1.03 kg) 2.36 lbs (1.07 kg) Form Factor Desktop
Operating Environment and Certifications
Input Rating 12V DC, 3A
Power Supply Efficiency Rating 80Plus Compliant
Maximum Current 100V/0.4A ,240V/0.2A
Total Available PoE Power Budget* — — 60 W
Power Required Powered by External DC Power Adapter, 100–240V AC, 50/60 Hz Power Consumption (Average / Maximum) 16.9 W / 17.6 W 16.9 W / 17.6 W 74.9 W / 77.7 W Heat Dissipation 60.02 BTU/hr 60.02 BTU/hr 264.96 BTU/hr Operating Temperature 32°F to 104°F (0°C to 40°C)
Storage Temperature -31°F to 158°F (-35°C to 70°C)
Humidity 10% to 90% non-condensing
Noise Level — — 17.75 dBA
Operating Altitude Up to 10 000 ft (3048 m)
Compliance FCC, ICES, CE, RCM, VCCI, BSMI, UL/cUL, CB
Certifications USGv6/IPv6
* Maximum loading on each PoE/+ port is 30 W (802.3at).

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Subscriptions
FortiGuard Bundles
FortiGuard Labs delivers a number of security intelligence services to augment the FortiGate firewall platform.

You can easily optimize the protection capabilities of your FortiGate with one of these FortiGuard Bundles.

FortiCare Services
Fortinet prioritizes customer success through FortiCare Services, optimizing the Fortinet Security Fabric solution.

Our comprehensive lifecycle services include Design, Deploy, Operate, Optimize, and Evolve. The FortiCare Elite, one of the service variants, offers heightened SLAs and swift issue resolution with a dedicated support team. This advanced support option includes an Extended End-of-Engineering-Support of 18 months, providing flexibility. Access the intuitive FortiCare Elite Portal for a unified view of device and security health, streamlining operational efficiency and maximizing Fortinet deployment performance.

Service Category Service Offering A-la-carte
Bundles
Enterprise
Protection
Unified Threat
Protection
Advanced Threat
Protection
FortiGuard Security
Services
IPS — IPS, Malicious/Botnet URLs • • • •
Anti-Malware Protection (AMP)—AV, Botnet Domains, Mobile Malware, Virus Outbreak Protection, Content Disarm and Reconstruct 3, AI‑based Heurestic AV, FortiGate Cloud Sandbox
• • • •
URL, DNS and Video Filtering — URL, DNS and Video 3 Filtering, Malicious Certificate
• • •
Anti-Spam • •
AI-based Inline Malware Prevention 3 • •
Data Loss Prevention (DLP) 1 • •
Attack Surface Security — IoT Device Detection, IoT Vulnerability Correlation and Virtual Patching, Security Rating, Outbreak Check • •
OT Security—OT Device Detection, OT vulnerability correlation and Virtual Patching, OT Application Control and IPS 1
•
Application Control ------------included with FortiCare Subscription------------ Inline CASB 3 ------------included with FortiCare Subscription------------ SD-WAN and SASE
Services
SD-WAN Underlay Bandwidth and Quality Monitoring Models up to FG/ FWF-60F series
SD-WAN Underlay and Application Monitoring Service FG-70F series and above
SD-WAN Overlay-as-a-Service •
SD-WAN Connector for FortiSASE Secure Private Access •
SASE expansion for SD-WAN (SD-WAN SPA Connector license plus FortiSASE starter kit for n* users) 2
Selected
models only2
SASE connector for FortiSASE Secure Edge Management
(with 10Mbps Bandwidth)
Desktop
models only
NOC and SOC
Services
FortiConverter Service for one time configuration conversion • • Managed FortiGate Service—available 24x7, with Fortinet NOC experts performing device setup, network, and policy change management •
FortiGate Cloud—Management, Analysis, and One Year Log Retention • FortiManager Cloud •
FortiAnalyzer Cloud •
FortiGuard SOCaaS—24x7 cloud-based managed log monitoring, incident triage, and SOC escalation service
•
Hardware and
Software Support
FortiCare Essentials Desktop
models only
FortiCare Premium • • • •
FortiCare Elite •
Base Services Device/OS Detection, GeoIPs, Trusted CA Certificates, Internet Services and Botnet IPs, DDNS (v4/v6), Local Protection, PSIRT Check, Anti-Phishing
------------included with FortiCare Subscription------------

1. Full features available when running FortiOS 7.4.1.

2. See the FortiSASE Ordering Guide for supported models and their associated number of user licenses.

3. Not available for FortiGate/FortiWiFi 40F, 60E, 60F, 80E, and 90E series from 7.4.4 onwards. Not available for FortiGate/FortiWiFi 30G and 50G series in any OS build. 14 FortiGate FortiWiFi 70G Series Data Sheet

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Ordering Information
Product SKU Description
FortiGate 70G FG-70G 10 x GE RJ45 ports (including 7 x Internal Ports, 2 x WAN Ports, 1 x DMZ Port).

FortiGate 70G-POE FG-70G-POE 10x GE RJ45 ports (including 4x Internal ports, 4x GE RJ45 PoE ports, 2x WAN ports).

FortiGate 71G FG-71G 10 x GE RJ45 ports (including 7 x Internal Ports, 2 x WAN Ports, 1 x DMZ Port). 64GB SSD storage.

FortiGate 71G-POE FG-71G-POE 10x GE RJ45 ports (including 4x Internal ports, 4x GE RJ45 PoE ports, 2x WAN ports), 64GB SSD.

FortiWiFi 70G FWF-70G-[RC] 10 x GE RJ45 ports (including 2 x WAN Ports, 1 x DMZ Port, 7 x Internal Ports), Wireless (802.11a/b/g/n/ax) dual radio.

Region Code X.

FortiWiFi 70G-POE FWF-70G-POE 10x GE RJ45 ports (including 4x Internal ports, 4x GE RJ45 PoE ports, 2x WAN ports), Wireless (802.11a/b/g/n/ax) dual radio.

FortiWiFi 71G FWF-71G-[RC] 10 x GE RJ45 ports (including 2 x WAN Ports, 1 x DMZ Port, 7 x Internal Ports), Wireless (802.11a/b/g/n/ax) dual radio, 64GB SSD storage. Region Code X.

Optional Accessories
AC Power Adaptor SP-FG50G-POE-PDC-5 Pack of 5 AC power adaptors for FG-50/51G-SFP-POE, FG/FWF-70G-POE, and FG-71G-POE. Power cable SP-FGPCOR-XX sold separately.

AC Power Adaptor SP-FG60E-PDC-5 Pack of 5 AC power adaptors for FG/FWF 60E/61E, 60F/61F, 70/71F, FG-70G/71G/FWF-70G/71G, 80E/81E, 80/81F, and 90/91G and FDC-100G. Power cable SP-FG60CPCOR-XX sold separately.

Wall Mount Kit SP-FG60F-MOUNT-20 Pack of 20 wall mount kits for FG/FWF-60F, FG-70G/71G, FG-90G/91G and FG/FWF-80F series.

Mounting Ear Brackets SP-EAR-FG90G-10 10 pairs pack mounting ear brackets for FG-5xG series, except FG-5xG-SPF-POE; FG-7xG series, except FG-7xG-POE; FG-90/91G.

Rack Mount Tray SP-RACKTRAY-02 Rack mount tray for all FortiGate E, F, and G series desktop models.

RC (regional code): A, B, D, E, F, I, J, N, P , S, V, and Y Visit https://www.fortinet.com/resources/ordering-guides for related ordering guides. 15 FortiGate FortiWiFi 70G Series Data Sheet

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Copyright © 2025 Fortinet, Inc. All rights reserved. Fortinet®, FortiGate®, FortiCare® and FortiGuard®, and certain other marks are registered trademarks of Fortinet, Inc., and other Fortinet names herein may also be registered and/or common law trademarks of Fortinet. All other product or company names may be trademarks of their respective owners. Performance and other metrics contained herein were attained in internal lab tests under ideal conditions, and actual performance and other results may vary. Network variables, different network environments and other conditions may affect performance results. Nothing herein represents any binding commitment by Fortinet, and Fortinet disclaims all warranties, whether express or implied, except to the extent Fortinet enters a binding written contract, signed by Fortinet’s SVP Legal and above, with a purchaser that expressly warrants that the identified product will perform according to certain expressly-identified performance metrics and, in such event, only the specific performance metrics expressly identified in such binding written contract shall be binding on Fortinet. For absolute clarity, any such warranty will be limited to performance in the same ideal conditions as in Fortinet’s internal lab tests. Fortinet disclaims in full any covenants, representations, and guarantees pursuant hereto, whether express or implied. Fortinet reserves the right to change, modify, transfer, or otherwise revise this publication without notice, and the most current version of the publication shall be applicable. www.fortinet.com
May 26, 2025
FGFWF-70G-DAT-R05-20250526
Fortinet Corporate Social Responsibility Policy
Fortinet is committed to driving progress and sustainability for all through cybersecurity, with respect for human rights and ethical business practices, making possible a digital world you can always trust. You represent and warrant to Fortinet that you will not use Fortinet’s products and services to engage in, or support in any way, violations or abuses of human rights, including those involving illegal censorship, surveillance, detention, or excessive use of force. Users of Fortinet products are required to comply with the Fortinet EULA and report any suspected violations of the EULA via the procedures outlined in the Fortinet Whistleblower Policy.

Page 217 of 354 ends

FortiGate 120G Series
IPS NGFW Threat Protection Interfaces

5.3 Gbps 3.1 Gbps 2.8 Gbps Multiple GE RJ45, SFP, and 10GE SFP+ Slots Variants with internal storage
Highlights
Gartner® Magic
Quadrant™ Leaders for
both Network Firewalls and
WAN Edge Infrastructure
Secure Networking with
FortiOS for converged
networking and security
State-of-the-art
unparalleled performance
with Fortinet’s patented
SPU and vSPU processors
Enterprise security
with consolidated AI/
ML-powered FortiGuard
services
Deep visibility into
applications, users, and
devices beyond traditional
firewall techniques
Artificial Intelligence, Machine Learning Security with Deep Visibility The FortiGate 120G series next-generation firewall (NGFW) combines artificial intelligence (AI)-powered security and machine learning (ML) to deliver threat protection at any scale.

Get deeper visibility into your network and see applications, users, and devices before they become threats.

Powered by a rich set of AI/ML security capabilities that extend into an integrated security fabric platform, the FortiGate 120G Series delivers secure networking that is broad, deep, and automated. Secure your network end to end with advanced edge protection that includes web, content, and device security, while network segmentation and secure SD-WAN reduce complexity and risk in hybrid IT networks. This security fabric seamlessly extends across your entire environment, including a Hybrid Mesh Firewall architecture, ensuring consistent policy enforcement and threat protection across all network segments.

Universal zero-trust network access (ZTNA) automatically controls, verifies, and facilitates user access to applications, reducing lateral threats by providing access only to validated users.

Ultra-fast threat protection and SSL inspection provides security at the edge you can see without impacting performance.

Data Sheet

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Use Cases
Next Generation Firewall (NGFW)
• FortiGuard Labs’ suite of AI-Powered Security Services, natively integrated with your NGFW, secures web, content, and devices and protects networks from ransomware, malware, zero days, and sophisticated AI-powered cyberattacks
• Real-time SSL inspection (including TLS 1.3) provides full visibility into users, devices, and applications across the attack surface
• Fortinet’s patented SPU technology provides industry-leading high-performance protection Secure SD-WAN
• FortiGate WAN Edge powered by one OS and unified security and management framework and systems transforms and secures WANs
• Delivers superior quality of experience and effective security posture for hybrid working models, SD-Branch, and cloud-first WAN use cases
• Achieve operational efficiencies at any scale through automation, deep analytics, and selfhealing Universal ZTNA
• Control access to applications no matter where the user is and no matter where the application is hosted for universal application of access policies • Provide extensive authentications, checks, and enforce policy prior to granting application access every time
• Agent-based access with FortiClient or agentless access via proxy portal for guest or BYOD 2 FortiGate 120G Series Data Sheet

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Unlike traditional point solutions, Fortinet adopts a holistic approach to cybersecurity, aiming to reduce complexities, eliminate security silos, and improve operational efficiencies.

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Secure SD-WAN ASIC SP5
• Combines a RISC-based CPU with Fortinet’s proprietary security processing unit (SPU) content and network processors for unmatched performance • Delivers the industry’s fastest application identification and steering for efficient business operations
• Accelerates IPsec VPN performance for the best user experience on direct internet access • Enables best-of-breed NGFW security and deep SSL inspection with high performance • Extends security to access layer to enable SD-Branch transformation with accelerated and integrated switch and access point connectivity
5 FortiGate 120G Series Data Sheet

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FortiManager
Centralized management at scale for distributed enterprises FortiManager, powered by FortiAI, is a centralized management solution for the Fortinet Security Fabric. It streamlines mass provisioning and policy management for FortiGate, FortiGate VM, cloud security, SD-WAN, SD-Branch, FortiSASE, and ZTNA in hybrid environments. Additionally, FortiManager provides real-time monitoring of the entire managed infrastructure and automates network operation workflows. Leveraging GenAI in FortiAI, it further enhances Day 0–1 configurations and provisioning, and Day N troubleshooting and maintenance, unlocking the full potential of the Fortinet Security Fabric and significantly boosting operational efficiency.

GenAI in FortiManager helps manage networks
effortlessly—generates configuration and policy
scripts, troubleshoots issues, and executes
recommended actions.

FortiCare Services
Expertise at your service
Fortinet prioritizes customer success through FortiCare Services, optimizing the Fortinet Security Fabric solution. Our comprehensive life-cycle services include Design, Deploy, Operate, Optimize, and Evolve. The FortiCare Elite, one of the service offerings, provides heightened SLAs and swift issue resolution with a dedicated support team. This advanced support option includes an extended end-of-engineering support of 18 months, providing flexibility and access to the intuitive FortiCare Elite portal for a unified view of device and security health, streamlining operational efficiency and maximizing Fortinet deployment performance.
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Hardware
FortiGate 120G/121G Series
Hardware Features
Interfaces

1. 1x RJ45 Console Port

2. 2x RJ45 HA and Management Ports

3. 16x GE RJ45 Ports

4. 4x 10GE SFP+ FortiLink Slots

5. 8x SFP Ports

AC LINE
100-240V AC
50-60Hz 1.5A MAX

USB CONSOLE
HA 1
MGMT
3 5 7
2 4 6 8 18 20 22 24
9 11 13 15 17 19 21 23
10 12 14 16
FortiGate 120G
X1 X3
X2 X4 BLE

BLE/RESET
1 2 3 4 5
SP5 TPM 1RU DUAL AC 480GB
Trusted Platform Module (TPM)
The FortiGate 120G series features a dedicated module that hardens physical networking appliances by generating, storing, and authenticating cryptographic keys. Hardware-based security mechanisms protect against malicious software and phishing attacks.

Dual power supply
Power supply redundancy is essential in the operation of mission-critical networks. The FortiGate 120G series offers dual built-in non-hot swappable power supplies.

Access layer security
FortiLink protocol enables you to converge security and network access by integrating the FortiSwitch into the FortiGate as a logical extension of the firewall. These FortiLink-enabled ports can be reconfigured as regular ports as needed.
7 FortiGate 120G Series Data Sheet

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FORTIGATE 120G FORTIGATE 121G
Hardware Specifications
Hardware Accelerated GE RJ45 Ports 16
GE RJ45 Management / HA 1 / 1
Hardware Accelerated GE SFP Slots 8
Hardware Accelerated 10 GE SFP+
FortiLink Slots (default)
4 USB Ports 1
Console (RJ45) Port 1
Internal Storage — 1 x 480 GB SSD
Trusted Platform Module (TPM) 
Bluetooth Low Energy (BLE) 
Signed Firmware Hardware Switch —
System Performance* — Enterprise Traffic Mix
IPS Throughput 2 5.3 Gbps
NGFW Throughput 2, 4 3.1 Gbps
Threat Protection Throughput 2, 5 2.8 Gbps
System Performance and Capacity
Firewall Throughput
(1518 / 512 / 64 byte UDP packets)
39 / 39 / 28 Gbps
Firewall Latency (64 byte UDP packets) 3.17 μs
Firewall Throughput
(Packets Per Second)
42 Mpps
Concurrent Sessions (TCP) 3 M
New Sessions/Second (TCP) 140 000
Firewall Policies 10 000
IPsec VPN Throughput (512 byte) 1 35 Gbps
Gateway-to-Gateway IPsec VPN
Tunnels
2000
Client-to-Gateway IPsec VPN Tunnels 16 000
SSL-VPN Throughput 1.5 Gbps
Concurrent SSL-VPN Users
(Recommended Maximum, Tunnel
Mode)
500
SSL Inspection Throughput
(IPS, avg. HTTPS) 3
3 Gbps
SSL Inspection CPS (IPS, avg. HTTPS) 3 2100
SSL Inspection Concurrent Session
(IPS, avg. HTTPS) 3
315 000
Application Control Throughput
(HTTP 64K) 2

6.7 Gbps
CAPWAP Throughput (HTTP 64K) 35 Gbps
Virtual Domains (Default / Maximum) 10 / 10
Maximum Number of FortiSwitches
Supported
48*
Maximum Number of FortiAPs
(Total / Tunnel Mode)
128 / 64
Maximum Number of FortiTokens 5000
High Availability Configurations Active-Active, Active-Passive, Clustering FORTIGATE 120G FORTIGATE 121G
Dimensions
Height x Width x Length (inches) 1.73 x 17 x 10
Height x Width x Length (mm) 44 x 432 x 254
Weight 12.17 lbs (5.52 kg)
Form Factor
(supports EIA/non-EIA standards)
Rack Mount, 1RU
Operating Environment and Certifications
Input Rating 100-240VAC, 60-50Hz
Power Supply Efficiency Rating N/A
Redundant Power Supplies Yes (Default dual non-swappable AC PSU for 1+1 Redundancy)
Maximum Current 1.0A @100V, 0.5A @240V
Power Consumption
(Average / Maximum)
38 W / 40 W 43 W / 47 W
Heat Dissipation 138 BTU/hr 159 BTU/h
Operating Temperature 32°F to 104°F (0°C to 40°C)
Storage Temperature -31°F to 158°F (-35°C to 70°C)
Humidity 20% to 90% noncondensing10% to 90% noncondensing Noise Level 49 dBA
Air Flow Side to back
Operating Altitude Up to 10 000 ft (3048 m)
Compliance FCC Part 15B, Class A, CE, RCM, VCCI,
UL/cUL, CB, BSMI
Certifications USGv6/IPv6
* FortiOS 7.6.1+ is required for supporting up to 48 FSW. All prior releases support up to 32. 8 FortiGate 120G Series Data Sheet

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Subscriptions
FortiGuard Bundles
FortiGuard AI-Powered Security Bundles provide a comprehensive and meticulously curated selection of security services to combat known, unknown, zero-day, and emerging AI-based threats. These services are designed to prevent malicious content from breaching your defenses, protect against web-based threats, secure devices throughout IT/OT/IoT environments, and ensure the safety of applications, users, and data. All bundles include FortiCare Premium Services featuring 24x7x365 availability, one-hour response for critical issues, and nextbusiness-day response for noncritical matters.

1. Full features available when running FortiOS 7.4.1.

2. See the FortiSASE Ordering Guide for supported models and their associated number of user licenses.

3. Not available for FortiGate/FortiWiFi 40F, 60E, 60F, 80E, and 90E series from 7.4.4 onwards. Not available for FortiGate/FortiWiFi 30G and 50G series in any OS build. 9 FortiGate 120G Series Data Sheet

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Ordering Information
Product SKU Description
FortiGate 120G FG-120G 18x GE RJ45 ports (including 1x MGMT port, 1x HA port, 16x switch ports), 8x GE SFP slots, 4x 10GE SFP+ slots, SP5 hardware accelerated, dual AC power supplies.

FortiGate 121G FG-121G 18x GE RJ45 ports (including 1x MGMT port, 1x HA port, 16x switch ports), 8x GE SFP slots, 4x 10GE SFP+ slots, SP5 hardware accelerated, 480GB onboard SSD storage, dual AC power supplies.

Transceivers
1 GE SFP SX Transceiver Module FN-TRAN-SX 1 GE SFP SX transceiver module for all systems with SFP and SFP/SFP+ slots. 1 GE SFP LX Transceiver Module FN-TRAN-LX 1 GE SFP LX transceiver module for all systems with SFP and SFP/SFP+ slots. 1 GE SFP RJ45 Transceiver Module FN-TRAN-GC 1 GE SFP RJ45 transceiver module for all systems with SFP and SFP/SFP+ slots. 10 GE SFP+ RJ45 Transceiver Module FN-TRAN-SFP+GC 10 GE SFP+ RJ45 transceiver module for systems with SFP+ slots. 10 GE SFP+ Transceiver Module, Long Range FN-TRAN-SFP+LR 10 GE SFP+ transceiver module, long range for all systems with SFP+ and SFP/SFP+ slots. 10 GE SFP+ Transceiver Module, Extended Range FN-TRAN-SFP+ER 10 GE SFP+ transceiver module, extended range for all systems with SFP+ and SFP/SFP+ slots. 10 GE SFP+ Transceiver Module, Short Range FN-TRAN-SFP+SR 10GE SFP+ transceiver module, short range for systems with SFP+ and SFP/SFP+ slots. 10 GE SFP+ Transceiver Module, 30km Long Range FN-TRAN-SFP+BD27 10GE SFP+ transceiver module, 30km long range single BiDi for systems with SFP+ and SFP/SFP+ slots (connects to FN-TRAN-SFP+BD33, ordered separately).
10 GE SFP+ Transceiver Module, (connects to
FN‑TRAN‑SFP+BD27, ordered separately)
FN-TRAN-SFP+BD33 10GE SFP+ transceiver module, 30km long range single BiDi for systems with SFP+ and SFP/SFP+ slots (connects to FN-TRAN-SFP+BD27, ordered separately).

Cables
10 GE SFP+ Passive Direct Attach Cable 1m FN-CABLE-SFP+1 10 GE SFP+ passive direct attach cable, 1m for systems with SFP+ and SFP/SFP+ slots. 10 GE SFP+ Passive Direct Attach Cable 3m FN-CABLE-SFP+3 10 GE SFP+ passive direct attach cable, 3m for systems with SFP+ and SFP/SFP+ slots. 10 GE SFP+ Passive Direct Attach Cable 5m FN-CABLE-SFP+5 10 GE SFP+ passive direct attach cable, 5m for systems with SFP+ and SFP/SFP+ slots.

Visit https://www.fortinet.com/resources/ordering-guides for related ordering guides. 10 FortiGate 120G Series Data Sheet

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Copyright © 2025 Fortinet, Inc. All rights reserved. Fortinet®, FortiGate®, FortiCare® and FortiGuard®, and certain other marks are registered trademarks of Fortinet, Inc., and other Fortinet names herein may also be registered and/or common law trademarks of Fortinet. All other product or company names may be trademarks of their respective owners. Performance and other metrics contained herein were attained in internal lab tests under ideal conditions, and actual performance and other results may vary. Network variables, different network environments and other conditions may affect performance results. Nothing herein represents any binding commitment by Fortinet, and Fortinet disclaims all warranties, whether express or implied, except to the extent Fortinet enters a binding written contract, signed by Fortinet’s SVP Legal and above, with a purchaser that expressly warrants that the identified product will perform according to certain expressly-identified performance metrics and, in such event, only the specific performance metrics expressly identified in such binding written contract shall be binding on Fortinet. For absolute clarity, any such warranty will be limited to performance in the same ideal conditions as in Fortinet’s internal lab tests. Fortinet disclaims in full any covenants, representations, and guarantees pursuant hereto, whether express or implied. Fortinet reserves the right to change, modify, transfer, or otherwise revise this publication without notice, and the most current version of the publication shall be applicable. www.fortinet.com
April 8, 2025
FG-120G-DAT-R13-20250408
Fortinet Corporate Social Responsibility Policy
Fortinet is committed to driving progress and sustainability for all through cybersecurity, with respect for human rights and ethical business practices, making possible a digital world you can always trust. You represent and warrant to Fortinet that you will not use Fortinet’s products and services to engage in, or support in any way, violations or abuses of human rights, including those involving illegal censorship, surveillance, detention, or excessive use of force. Users of Fortinet products are required to comply with the Fortinet EULA and report any suspected violations of the EULA via the procedures outlined in the Fortinet Whistleblower Policy.

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Agenda Item No. 12 November 4, 2025 | 1
City of La Palma
Agenda Item No. 12
MEETING DATE: November 4, 2025
TO: City Council
FROM: City Manager
SUBMITTED BY: Joseph Cisneros, Deputy City Manager
AGENDA TITLE: Agreement with City Advisors LLC, for Professional Planning and Community Development Staff Augmentation Services
RECOMMENDED ACTION:

It is recommended that the City Council:

1. Approve a Professional Consultant Services Agreement with City Advisors, LLC, a limited liability company, to provide professional planning and Community Development staff augmentation services; and

2. Authorize the City Manager to execute the agreement, in the amount not-to-exceed of $50,000, and any necessary amendments, subject to approval as to form by the City Attorney.

BACKGROUND:

Following the recent departure of the Community Development and Public Works Director, the City requires professional planning support and staff augmentation services to sustain critical operations within the Community Development Department, including entitlement processing, long-range planning, and various special projects.

City Advisors, LLC brings extensive experience in municipal planning, CEQA compliance, and project management, and has successfully provided these services to numerous California cities.

DISCUSSION:

Under the proposed agreement, City Advisors, LLC will provide professional planning services to support City staff and ensure the timely processing of development applications, environmental reviews, and long-range planning initiatives.

The Scope of Work includes the following primary service areas:

1. Staff Augmentation: City Advisors will provide interim or supplemental staffing support during vacancies or transitions. Services may include overseeing daily operations, supervising staff, reviewing work products, and representing the Department at City Council or Committee meetings.

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Agenda Item No. 12 November 4, 2025 | 2

2. Entitlement Review and Processing: The assigned Contract Planner will manage entitlement applications, including project review for consistency with the General Plan and Zoning Ordinance, coordinating interdepartmental and external review, preparing staff reports and hearing materials, ather nd presenting projects to approval bodies.

3. Long-Range Planning: City Advisors may manage long-range planning efforts such as Zoning Ordinance updates, Housing Element implementation, and policy streamlining projects.

Services include research, drafting amendments, preparing reports and presentations, and coordinating public hearings and study sessions.

4. Development Plan Review: The consultant will review building permit plans for zoning compliance, consistency with entitlements, and conformance with applicable regulations and policies.

5. CEQA Analysis: In partnership with its subconsultant, City Advisors will prepare CEQA and NEPA documentation, including EIRs, Mitigated Negative Declarations, technical studies, and categorical exemption analyses.

6. Special Planning Projects: City Advisors will assist with special assignments such as process improvement initiatives, permit software implementation, strategic planning, and other assignments as needed by the City to complete various special projects.

The term of the agreement will commence upon execution and remain in effect through June 30, 2026. This will allow the City to continue providing quality services while recruiting a full-time employee to fill the vacancy in the Community Development Department.

FISCAL IMPACT:

Sufficient funding for this agreement is available through salary savings and will be provided from the Community Development Administration and Housing Authority Funds (Acc# 001-510-6000-00000 & 038-710-6000-00000). The total not-to-exceed amount of the agreement is $50,000.

ATTACHMENTS:

1. City Advisors Agreement

2. City Advisors Statement of Qualifications and Proposal

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2905/001784-0004
17755573.6 a10/30/25

AGREEMENT FOR CONSULTANT SERVICES

CITY ADVISORS, LLC
THIS AGREEMENT FOR CONSULTANT SERVICES (hereinafter, the “Agreement”), is entered into as of November 4, 2025, by and between the CITY OF LA PALMA, a municipal corporation (hereinafter, the “City”), and CITY ADVISORS, LLC, a limited liability company (hereinafter, the “Consultant”). The Consultant and the City are hereafter together referred to as the “Parties” and each individually as a “Party.”

RECITALS
A. The City requires the services of, and desires to retain, a consultant to perform the services set forth and described in the Scope of Work attached hereto as Exhibit “A” and incorporated herein by this reference (hereinafter, the “Consultant Services”).

B. By virtue of the Consultant’s expertise, experience, and background, the Consultant is qualified to perform the Consultant Services for and on behalf of the City.

C. The City and the Consultant mutually desire to enter into this Agreement for the provision of the Consultant Services by the Consultant for and on behalf of the City, in accordance with the terms and conditions set forth herein.

EXECUTORY AGREEMENTS
NOW, THEREFORE, in consideration of the facts recited above and the covenants, conditions, and promises contained herein, the City and the Consultant mutually agree as follows:

1. RETENTION AND DUTIES OF CONSULTANT

1.1 Retention of Consultant. The City hereby retains the Consultant, and the Consultant accepts this retention from the City, to perform the Consultant Services as set forth in the Scope of Work attached hereto as Exhibit “A”.

1.2 Term. This Agreement shall commence on November 4, 2025, and shall be in full force and effect through June 30, 2026, unless sooner terminated pursuant to the provision of this Agreement.

1.3 Standard of Performance. The Parties mutually acknowledge that the City has retained the Consultant to perform the Consultant Services based upon the special skills, expertise, and experience of the Consultant. Accordingly, in performing the Consultant Services, the Consultant shall use the skill and care that a highly specialized professional with significant expertise in the field, would use under similar circumstances. To the extent that the Consultant retains sub-consultants or subcontractors to perform any portion of any of the Consultant Services, to the extent permitted hereunder, the Consultant has a duty to the City to ensure that the tasks and services performed by such sub-consultants and subcontractors meet the same highly specialized professional level, skill, and expertise expected of the Consultant.

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1.4 Licenses, Permits, Fees, and Approvals. The 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 Consultant Services prior to commencing work. The Consultant and its employees, agents, and sub-consultants or subcontractors shall, at their sole cost and expense, keep in effect at all times during the term of this Agreement any licenses, permits, and approvals that are legally required for the performance of the Consultant Services. The Consultant shall have the sole obligation to pay for any fees, assessments, and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the Consultant’s performance of the Consultant Services, and shall indemnify, defend and hold harmless the City and City Personnel against any such fees, assessments, taxes, penalties or interest levied, assessed, or imposed against the City hereunder.

1.5 Personnel. The Consultant shall at all times allocate sufficient qualified personnel as required to perform the Consultant Services. The Consultant represents that the Consultant Services will be performed by the Consultant or under its direct supervision, and that all personnel engaged in such work shall be fully qualified and shall be authorized and permitted under applicable Federal, State and local law to perform such tasks and services. The Consultant shall pay all wages, salaries, and other amounts due to such personnel in connection with their performance of the Consultant Services and as required by law.

1.6 Materials. The Consultant shall equip itself with all necessary goods, materials, equipment and personal property to perform the services specified in this Agreement.

The Consultant shall at all times ensure that all goods, materials, equipment and personal property included within the Consultant Services shall be of good quality, fit for the purpose intended.

1.7 Warranty. By executing this Agreement, the Consultant warrants that the Consultant (i) has thoroughly investigated and considered the Consultant Services to be performed, (ii) has carefully considered how the Consultant Services should be performed, and (iii) fully understands the facilities, difficulties, and restrictions attending performance of the Consultant Services.

1.8 Coordination With City. In the performance of the Consultant Services, the Consultant shall report to and receive instructions from the City Manager of the City or his or her designee (“Contract Administrator”). Tasks or services other than those specifically described in the Scope of Work shall not be performed by the Consultant or any sub-consultant or subcontractor without the prior written approval of the Contract Administrator pursuant to Section 1.11 herein.

1.9 Subcontracting Prohibited. The Consultant shall not subcontract the performance of any of the Consultant Services without the prior written approval of the Contract Administrator.

1.10 Project Manager. The Consultant agrees that the following person shall be the project manager on behalf of the Consultant under this Agreement, and shall be principally responsible for performing the Consultant Services:

STEPHANIE TOMAINO, AICP

CEO AND MANAGING PRINCIPAL

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Notwithstanding the foregoing, the Parties acknowledge that persons other than the abovedesignated project manager of the Consultant may perform tasks or services under this Agreement if the performance of such tasks or services is under the supervision and control of the Consultant’s project manager. The Consultant shall not alter the assignment of the above-designated project manager without the prior written approval of the Contract Administrator.

1.11 Additional Services. If the City changes the scope of the Consultant Services to be performed by the Consultant, or if the Consultant is requested to perform services not specifically described in the Scope of Work (“Additional Services”), the Consultant shall perform such services as are necessary to complete the work, and compensation for the work performed shall be paid by the City in accordance with the Budget and Fee Schedule attached hereto as Exhibit “B” and incorporated herein by this reference, or as otherwise may be agreed in writing by the City and the Consultant. It is expressly understood by the Consultant that the provisions of this Section 1.11 shall not apply to services specifically set forth in the Scope of Work or reasonably contemplated therein. The Consultant hereby acknowledges that it accepts the risk that the services to be provided pursuant to the Scope of Services may be more costly or time consuming than the Consultant anticipates and that the Consultant shall not be entitled to additional compensation therefor. Unless contradictory of this Section 1.11, all provisions in this Agreement applicable to the Consultant’s performance of the Consultant Services shall also apply to the Additional Services.

2. COMPENSATION TO CONSULTANT

2.1 Payment by the City. The City shall pay to the Consultant for the performance of the Consultant Services compensation in accordance with the Budget and Fee Schedule attached hereto as Exhibit “B” and not to exceed fifty-thousand dollars ($50,000) during the term of the agreement unless this agreement is mutually amended by both parties.

2.2 Invoices. The Consultant shall invoice the City on a monthly basis for all work performed by the Consultant under this Agreement. Invoices shall include billings for all charges, including authorized direct costs incurred by the Consultant during the month covered by the invoice. All charges for labor or professional services shall describe with specificity the services rendered and shall set forth the number of hours worked and hourly rates in accordance with the Budget and Fee Schedule. Within forty-five (45) days of receipt of an invoice, and upon determination by the City that the invoice is in order and that the Consultant has performed all requested or required services in a timely and competent manner, the City shall pay such invoice.

2.3 Record of Payment. The Consultant shall maintain records on all services for and charges to the City under this Agreement for a period of not less than twenty-four (24) months, or for any longer period required by law, after the termination of this Agreement, and make such records available for review and audit if requested by the City at any time during the term, or within twenty-four (24) months, or for any longer period required by law, after the termination of this Agreement. All such records shall be maintained in accordance with generally accepted accounting principles and shall be clearly identified and readily accessible.

3. LEGAL RESPONSIBILITIES

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3.1 Compliance with Law. The Consultant shall keep fully informed of all Federal and State laws and regional, county, and municipal ordinances and regulations which may in any manner affect those employed by the Consultant or the performance by the Consultant of any tasks or services for or on behalf of the City. The Consultant shall at all times observe and comply with all such laws, ordinances, and regulations, and shall be responsible for the compliance therewith of all work and services performed by the Consultant by or on behalf of the City.

3.2 Independent Contractor. The Consultant is retained as an independent contractor only, for the sole purpose of rendering the Consultant Services, and is not an employee of the City. The City shall have the right to control the Consultant only as to results of the Consultant’s services rendered pursuant to this Agreement, and the City shall not have the right to control the means by which the Consultant accomplishes the services performed under this Agreement.

3.3 Non-Discrimination. The Consultant shall not discriminate against any employee or applicant for employment because of any impermissible classification pursuant to Federal or State law, including, but not limited to, race, color, religion, national origin, gender, physical or mental disability, age, military status, sexual orientation, gender identity, gender expression, or marital or familial status. The Consultant shall incorporate the foregoing provisions in all subcontracts.

3.4 Proprietary Information. All proprietary information developed by the Consultant in connection with, or resulting from, this Agreement, including but not limited to inventions, discoveries, improvements, copyrights, patents, maps, reports, textual material, or software programs, shall be the sole and exclusive property of the City, without restriction or limitation upon their use. The Consultant agrees that the compensation to be paid pursuant to this Agreement includes adequate and sufficient compensation for any proprietary information developed in connection with or resulting from the performance of the Consultant Services under this Agreement. The Consultant further understands and agrees that full disclosure of all proprietary information developed in connection with, or resulting from, the performance of services by the Consultant under this Agreement shall be made to the City, and that the Consultant shall do all things necessary and proper to perfect and maintain ownership of such proprietary information by the City. The Consultant hereby agrees to deliver such proprietary information to the City upon the expiration or termination of this Agreement. It is understood and agreed that the proprietary information prepared pursuant to this Agreement is prepared specifically for the City and is not necessarily suitable for any future or other use. The Parties agree that, until final approval by the City, all data, plans, specifications, reports, and other documents are confidential and will not be released to third parties without prior written consent of both Parties unless required by law.

3.5 Patented and Copyright Materials. The Consultant shall assume all costs arising from the use of patented or copyrighted materials, including but not limited to equipment, devices, processes, and software programs, used or incorporated in the services or work performed by the Consultant under this Agreement. Pursuant to Section 3.7 herein, the Consultant shall indemnify, defend (with legal counsel acceptable to the City), and hold the City and its elected and appointed boards, members, officials, officers, agents, representatives, employees, and volunteers

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(“City Personnel”) harmless from any and all suits, actions, or proceedings of every nature for or on account of the use of any patented or copyrighted materials.

3.6 Prevailing Wages. The Parties have determined that prevailing wage laws do not apply to this Agreement because the Consultant Services do not include construction, alteration, demolition, installation, or repair work or other otherwise exempt under California’s prevailing wage laws (Lab. Code, § 1720 et seq.). Notwithstanding the foregoing, it is agreed by the Parties that, in connection with performance of the Consultant Services, including, without limitation, any and all public works (as defined by applicable law), the Consultant shall bear all risks of payment or non-payment of prevailing wages under California law and/or the implementation of Labor Code Section 1781, as the same may be amended from time to time, and/or any other similar law. Pursuant to Section 3.7 herein, the Consultant shall indemnify, defend (with legal counsel acceptable to the City), and hold the City and City Personnel harmless from and against any liability, loss, damage, cost or expenses (including but not limited to reasonable attorneys’ fees, expert witness fees, court costs, and costs incurred related to any inquiries or proceedings) arising from or related to (i) the noncompliance by the Consultant or any party performing the Consultant Services of any applicable local, state, and/or federal law, including, without limitation, any applicable federal and/or state labor laws (including, without limitation, the requirement to pay state prevailing wages and hire apprentices); (ii) the implementation of Section 1781 of the Labor Code, as the same may be amended from time to time, or any other similar law; and/or (iii) failure by the Consultant or any party performing the Consultant Services on the Consultant’s behalf to provide any required disclosure or identification as required by Labor Code Section 1781, as the same may be amended from time to time, or any other similar law.

3.7 Indemnification.

3.7.1 Indemnification of the City. Except as set forth in subdivision 3.7.2, the Consultant shall indemnify, defend (with legal counsel acceptable to the City), and hold harmless the City and City Personnel from and against any and all actions, suits, claims, demands, judgments, attorneys fees, costs, damages to persons or property, losses penalties, obligations, expenses, or liabilities (“Claims”) that may be asserted or claimed by any person or entity arising out of the Consultant’s performance of any tasks or services for or on behalf of the City, whether or not there is concurrent active or passive negligence on the part of the City and/or any City Personnel, but excluding any Claims arising from the sole negligence or willful misconduct of the City or any City Personnel. The Consultant shall defend any action or actions filed in connection with any such claims or liabilities, and shall pay all costs and expenses, including attorney’s fees incurred in connection therewith. The Consultant shall promptly pay any judgment rendered against the City or any City Personnel for any such claims or liabilities. In the event the City and/or any City Personnel is made a party to any action or proceeding filed or prosecuted for any such Claims arising out of or in connection with the work being performed or services being provided under this Agreement, the Consultant shall pay to the City any and all costs and expenses incurred by the City or City Personnel in such action or proceeding, together with reasonable attorney’s fees and expert witness fees.

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3.7.2 Design Professionals. The provisions of this subdivision 3.7.2 apply only in the event that the Consultant is a “design professional” within the meaning of the California Civil Code Section 2782.8(c). If the Consultant is a “design professional” within the meaning of Section 2782.8(c), then notwithstanding subdivision 3.7.1 above, to the fullest extent permitted by law (including, without limitation, Civil Code Sections 2782 and 2782.6), the Consultant shall defend (with legal counsel reasonably acceptable to the City), indemnify, and hold harmless the City and City Personnel from and against any Claim that arises out of, pertains to, or relates to, directly or indirectly, in whole or in part, the negligence, recklessness, or willful misconduct of the Consultant, any sub-consultant, subcontractor, or any other person directly or indirectly employed by them, or any person that any of them control, arising out of the Consultant’s performance of any task or service for or on behalf of the City under this Agreement. Such obligations to defend, hold harmless, and indemnify the City or any City Personnel, shall not apply to the extent that such Claims are caused in part by the sole negligence or willful misconduct of the City or such City Personnel. The Consultant’s cost to defend the City and/or City Personnel against any such Claim shall not exceed the Consultant’s proportionate percentage of fault with respect to that Claim; however, pursuant to Civil Code section 2782.8(a), in the event that one or more defendants is unable to pay its share of defense costs due to bankruptcy or dissolution of the business, the Consultant shall meet and confer with the City (and, if applicable, other parties) regarding any unpaid defense costs. To the extent the Consultant has a duty to indemnify the City or any City Personnel under this subdivision (b), the Consultant shall be responsible for all incidental and consequential damages resulting directly or indirectly, in whole or in part, from the Consultant’s negligence, recklessness, or willful misconduct.

3.8 Retention of Funds. The Consultant hereby authorizes the City to deduct from any amount payable to the Consultant (whether arising out of this Agreement or otherwise) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate the City for any losses, costs, liabilities, or damages suffered by the City, and all amounts for which the City may be liable to third parties, by reason of the Consultant's negligent acts, errors, or omissions, or willful misconduct, in performing or failing to perform the Consultant's obligations under this Agreement. The City in its sole and absolute discretion, may withhold from any payment due to the Consultant, without liability for interest, an amount sufficient to cover such claim. The failure of the City to exercise such right to deduct or withhold shall not act as a waiver of the Consultant's obligation to pay the City any sums the Consultant owes the City.

3.9 Insurance. The Consultant shall not commence the performance of any work or services under this Agreement until the Consultant has obtained all insurance required hereunder, nor shall the Consultant allow any sub-consultant or subcontractor to commence services until all such insurance has been obtained by the sub-consultant or subcontractor. Current certification of insurance shall be kept on file with the City at all times during the term of this Agreement. The City reserves the right to require complete, certified copies of all required insurance policies, at any time. All insurance policies shall be issued by an insurance company currently authorized by the California Department of Insurance to transact business of insurance or 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

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City’s Risk Manager. The Consultant shall take out and maintain at all times during the performance of this Agreement the following policies of insurance:

3.9.1 Workers Compensation Insurance to cover the Consultant’s employees as required by law; and the Consultant shall require all subcontractors to provide such compensation insurance for all of the latter’s employees. Each such policy of worker compensation insurance shall carry the following endorsements:
(a) “The insurer waives all rights of subrogation against THE CITY OF LA PALMA, its officers, officials, agents, employees, and representatives.”
(b) “This insurance policy shall not be canceled, limited or nonrenewed by the insurer until thirty (30) days after receipt by THE CITY OF LA PALMA of a written notice of such cancellation, limitation, or reduction of coverage.”

3.9.2 Comprehensive General Liability Insurance for bodily injury, death, and property damage which may arise from the negligent performance of the Consultant, its employees, agents representatives, successors, and assigns while performing work or services under this Agreement, in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate. Each such policy of insurance shall be in a form satisfactory to the City and shall contain the following endorsements:
(a) “THE CITY OF LA PALMA, its officers, officials,
employees, and representatives, are hereby declared to be additional insureds under the terms of this policy with respect to the operations and activities of the named insured at or from the premises of THE CITY OF LA PALMA described above.” (b) “This insurance policy shall not be canceled, limited, or not renewed until thirty (30) days after receipt by THE CITY OF LA PALMA of a written notice of such cancellation, limitation, or reduction of coverage.” (c) “This insurance policy is primary insurance and no insurance held or owned by the designated additional insureds shall be called upon or looked to cover a loss under said policy; THE CITY OF LA PALMA shall not be liable for the payment of premiums or assessments on this policy.”

3.9.3 Comprehensive Automobile Liability Insurance, The Consultant warrants and agrees that it has and will maintain sufficient automobile liability insurance necessary to cover the risks associated with this Agreement.

3.9.4 Professional Liability Insurance to protect the City from the Consultant’s negligent acts, errors, and omissions of a professional nature, with coverage in a 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 the Consultant agrees to maintain continuous coverage through a period no less than three (3) years after completion of the services required by this Agreement.

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3.9.5 Renewal of Insurance. At least thirty (30) days prior to the expiration of any policy of insurance required under Paragraph 3.9.1, 3.9.2, 3.9.3 or 3.9.4, a signed complete certificate of insurance, with all endorsements provided herein, showing that such insurance coverage has been renewed or extended, shall be filed with the City.

3.9.6 Prohibited Insurance Provisions. Insurance policies required under Paragraph 3.9.1, 3.9.2, 3.9.3 or 3.9.4, shall not include any limiting provision or endorsement that has not been submitted to the City for approval. By way of example, additional insured endorsements shall not be limited to “ongoing operations,” exclude contractual liability, restrict coverage to the “sole” liability of the Consultant, or contain any other limitation contrary to this Agreement.

3.9.7 Variations to Insurance Requirements. The City may, but is not required to, approve in writing a variation in the foregoing insurance requirements, upon a determination that the coverage, scope, limits, and forms of such insurance are either not commercially available, or that the City’s interests are otherwise fully protected.

3.10 Conflicts of Interest.

3.10.1 City Personnel. No City Personnel shall have any financial interest, direct or indirect, in this Agreement, or participate in any decision relating to this Agreement that affects his or her financial interest or the financial interest of any corporation, partnership, association or other entity in which he or she is interested, in violation of any federal, state or city statute, ordinance or regulation. The Consultant shall not employ any such person while this Agreement is in effect.

3.10.2 Consultant. The Consultant represents, warrants and covenants that he, she or it presently has no interest, direct or indirect, which would interfere with or impair in any manner or degree the performance of the Consultant’s obligations and responsibilities under this Agreement. The Consultant further agrees that while this Agreement is in effect, the Consultant shall not acquire or otherwise obtain any interest, direct or indirect, that would interfere with or impair in any manner or degree the performance of the Consultant’s obligations and responsibilities under this Agreement.

The Consultant acknowledges that pursuant to the provisions of the Political Reform Act (Government Code section 87100 et seq.), the City may determine the Consultant to be a “consultant” as that term is defined by the Act. In the event the City makes such a determination, the Consultant agrees to complete and file a “Statement of Economic Interest” with the City Clerk to disclose such financial interests as required by the City. In such event, the Consultant further agrees to require any other person doing work under this Agreement to complete and file a “Statement of Economic Interest” to disclose such other person’s financial interests as required by the City.

3.11 No Undue Influence. The Consultant declares and warrants that no undue influence or pressure is used against or in concert with any officer or employee of the City in connection with the award, terms or implementation of this Agreement, including any method of coercion, confidential financial arrangement, or financial inducement. No officer or employee of the City shall receive compensation, directly or indirectly, from the Consultant, or from any

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officer, employee, or agent of the Consultant, in connection with the award of this Agreement or any work to be conducted as a result of this Agreement. The Consultant further warrants that it has not employed or retained any company or person other than a bona fide employee working for the Consultant, to solicit or secure this Agreement and that it has not paid or agreed to pay any company or person any fee, commission, percentage, brokerage fee, gift, or any other consideration contingent upon, or resulting from, the award or making of this Agreement. For breach or violation of this warranty, the City shall have the right to annul this Agreement without liability or, in its discretion, to deduct from the Agreement price or consideration, or otherwise recover, the full amount of such fee, commission, percentage, brokerage fee, gift or contingent fee.

3.12 No Benefit to Arise to City Employees. No member, officer, or employee of the City, or their designees or agents, and no public official who exercises authority over or has responsibilities with respect to this Agreement during his/her tenure or for one (1) year thereafter, shall have any interest, direct or indirect, in any agreement or sub-agreement, or the proceeds thereof, for the Consultant Services to be performed under this Agreement.

4. RIGHTS AND REMEDIES

4.1 Termination By the City. The City reserves and has the right and privileges, at its sole discretion and with or without cause at any time during the term of this Agreement, of suspending, canceling or terminating this Agreement or any work in connection with this Agreement with or without any breach or failure to perform of the Consultant. Upon receipt of any notice of termination from the City, the Consultant shall immediately cease all services hereunder except such as may be specifically approved in writing by the Contract Administrator.

In the event of termination under this Section 4.1, all finished or unfinished data, studies, maps, reports, and other items prepared by the Consultant shall become the property of the City, and the Consultant shall promptly deliver such items to the City. In the event of termination under this Section 4.1, the City shall pay the Consultant for all authorized services performed and for all authorized and invoiced expenses incurred up to the date of termination of this Agreement, on a time and materials basis in accordance with the Budget and Fee Schedule attached hereto as Exhibit “B”.

4.2 Performance to the City’s Satisfaction. The Consultant agrees to perform all work to the reasonable satisfaction of the City. If the services performed under this Agreement are not satisfactory, the City has the right to take appropriate action, including but not limited to:
(i) meeting with the Consultant, its agents or subcontractors to review the quality of the work and resolve matters of concern; (ii) requiring the Consultant to have the work repeated at no additional fee until it is satisfactory; (iii) withholding payment of the City’s compensation to the Consultant for any unsatisfactory work performed; (iv) suspending delivery of work to the Consultant for an indefinite time; and/or (v) terminating this Agreement.

4.3 Default, Remedies.

4.3.1 Default of Insurance Requirements. In addition to any other remedies at law or equity the City may have if the Consultant fails to provide or maintain any insurance policies or policy endorsements to the extent and within the time required by Section 3.9 herein, the City may, at its sole option, exercise any of the following

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remedies, which are alternatives to other remedies the City may have and are not the exclusive remedy for the Consultant’s breach:
(a) Obtain such insurance and deduct and retain the amount of the premiums for such insurance from any sums due under this Agreement; (b) Order the Consultant to stop work under this Agreement or withhold any payment that becomes due to the Consultant hereunder, or both, until the Consultant demonstrates compliance with the insurance requirements herein; and/or
(c) Immediately terminate this Agreement.

4.3.2 Other Defaults. In addition to any other remedies at law or equity the City may have, if the Consultant materially breaches any of the terms of this Agreement, the City's remedies shall include, but not be limited to, any or all of the following:
(a) Immediately terminate this Agreement; and/or
(b) Take over the work and prosecute the same to completion by contract with another consultant or otherwise, and the Consultant shall be liable to the extent that the total cost for completion of the services required hereunder, including costs incurred by the City in retaining a replacement consultant and similar expenses, exceeds the Budget contained in Exhibit “B”.

4.4 Force Majeure. Any time period specified in this Agreement for performance of services shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of the City or 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 delaying Party shall within ten (10) days of the commencement of such delay notify the other Party in writing of the causes of the delay (“Force Majeure Event”). If the Consultant is the delaying Party, the City 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 City such delay is justified. The City’s determination shall be final and conclusive upon the parties to this Agreement. In no event shall the Consultant be entitled to recover damages against the City for any delay in the performance of this Agreement, however caused. The Consultant’s sole remedy shall be extension of this Agreement pursuant to this section. For the avoidance of doubt, Force Majeure shall not include (a) financial distress nor the inability of either party to make a profit or avoid a financial loss, (b) changes in the market prices or conditions, or (c) a party’s financial inability to perform its obligations hereunder. The current events related to the COVID-19 pandemic are known and shall not constitute Force Majeure Event, future impacts of the COVID-19 pandemic may be considered a Force Majeure Event to the extent that they prevent the performance of a Party's obligations under this Agreement.

5. MISCELLANEOUS

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5.1 Notices. All notices, invoices or other instruments required or permitted to be given under this Agreement shall be served by personal delivery or deposited in a United States mail depository, postage prepaid, and addressed as follows:

If to the City: CITY OF LA PALMA
7822 Walker Street
La Palma, CA 90623
If to the Consultant: City Advisors, LLC
P.O. Box 1292
Costa Mesa, CA 92628
Attn: Stephanie Tomaino, AICP
[email protected] | (949) 485-1960
or such other address or person as either Party may indicate to the other in writing. Service of any instrument by mail shall be deemed effective forty-eight (48) hours after deposit in a United States mail depository, postage prepaid, and addressed as set forth above.

5.2 Integration. This Agreement represents the entire understanding of the City and the Consultant as to those matters contained herein, and no prior oral or written understanding shall be of any force or effect with regard to those matters covered by this Agreement. This Agreement may not be modified, altered, or amended except in writing signed by both the City and the Consultant. The Contract Administrator is hereby authorized to approve and effectuate amendments to this Agreement to the extent permitted by applicable law.

5.3 Construction, Venue. This Agreement shall be construed in accordance with the laws of the State of California and as if drafted by both parties hereto. 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. Legal actions concerning any dispute, claim, or matter arising out of or in relation to this Agreement shall be instituted and maintained in the Superior Courts of the State of California in the County of Orange, or in any other appropriate court with jurisdiction in such County, and the Consultant agrees to submit to the personal jurisdiction of such court.

5.4 Rights and Remedies are Cumulative. Except as may be expressly set forth 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 or other rights or remedies as may be permitted by law or in equity shall not preclude the exercise by such Party, at the same or different times, of any other rights or remedies to which such Party may be entitled.

5.5 Severability. If any term or provision of this Agreement is found by a court of competent jurisdiction to be invalid, illegal or unenforceable in any jurisdiction, the invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable term or provision in any other jurisdiction. Upon a determination that any term or provision is invalid, illegal or unenforceable, the Parties shall negotiate in good faith to modify this Agreement to effect the original intent of the Parties as

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closely as possible in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.

5.6 Assignment. The Consultant shall not assign or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the City; and any such assignment or other transfer without such consent shall be void.

5.7 Consultant not a City Agent. Except as the City may specify in writing, the Consultant shall have no authority, express or implied, to act on behalf of the City in any capacity whatsoever as an agent. This Agreement does not grant to the Consultant any authority, express or implied, to bind the City to any obligation whatsoever.

5.8 Attorney’s Fees. In the event any action is commenced by one Party to this Agreement against the other to enforce any of the rights or obligations arising from this Agreement, the prevailing Party in such action, in addition to any other relief and recovery ordered by the court, shall be entitled to recover all statutory costs, together with reasonable attorney’s fees.

5.9 Successors and Assigns. Subject to the provisions of Paragraphs 1.9 and

5.6 hereinabove, this Agreement, and all of the covenants, terms, and conditions hereof, shall be binding upon, and inure to the benefit of, the City, the Consultant, and their respective successors and assigns.

5.10 Authority of Signatories. The persons executing this Agreement on behalf of the Parties hereto warrant that they are duly authorized to execute this Agreement on behalf of said Parties and that by so executing this Agreement the Parties are formally bound to the provisions of this Agreement.

5.11 No Waiver. No waiver by either Party of any of the provisions of this Agreement shall be effective unless explicitly set forth in writing and signed by the Party so waiving. Except as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

5.12 No Third-Party Beneficiaries. This Agreement benefits solely the Parties to this Agreement and their respective permitted successors and assigns and nothing in this Agreement, express or implied, confers on any other person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

5.13 Non-Liability of City Personnel. No City Personnel 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 its successor, or for breach of any obligation of the terms of this Agreement.

5.14 Execution. The persons executing this Agreement on behalf of each of the Parties hereto represent and 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

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this Agreement, such Party is formally bound to the provisions of this Agreement, and (iv) that entering into this Agreement does not violate any provision of any other Agreement to which said Party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors, and assigns of the Parties.

5.15 Survival. The terms, provisions, representations and certification contained in this Agreement, or inferable therefrom, shall survive the termination of this Agreement and the payment of the compensation hereinabove provided.

5.16 Section Headings and Subheadings. The section headings and subheadings contained in this Agreement are included for convenience only and shall not limit or otherwise affect the terms of this Agreement.

5.17 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.

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IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above.

CITY OF LA PALMA
By:

Peter Kim, City Manager
ATTEST:

Norma I. Alley, MMC
City Clerk

CITY ADVISORS, LLC
By:

Stephanie Tomaino, AICP CEO and Managing
Principal
APPROVED AS TO FORM:

COLANTUONO, HIGHSMITH & WHATLEY, PC
By:

City Attorney, City of La Palma

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EXHIBIT A
-1-

EXHIBIT A
Scope of Work
The Consultant offers a full complement of planning services including the following:

Staff Augmentation
City Advisors may provide staff augmentation services to support the City during staffing vacancies or transitions. Services include providing supervisory direction and oversight of Department staff, coordinating daily operations, reviewing work products, and maintaining continuity of service across divisions. The Consultant may also attend City Council and Commission meetings, as needed, to represent the Department, present agenda items, and provide professional recommendations.

Entitlement Review and Processing
The assigned Contract Planner will serve as the Project Manager responsible for reviewing and processing discretionary planning applications. The Contract Planner will oversee all aspects of the entitlement case processing, which may include, but are not limited to: reviewing development proposals for consistency with the Zoning Ordinance, General Plan, and other local policies and regulations; routing applications to other City departments, divisions, and outside third-party technical consultants; consolidating comments into completeness letters; communicating project statuses and City comments to applicants; coordinating meetings between applicants and City staff; processing and reviewing application resubmittals and revisions; reviewing projects for CEQA compliance; coordinating environmental impact assessment and CEQA documentation with outside consultants (if necessary); working with City staff to schedule public hearings; requesting conditions of approval from other divisions; drafting public hearing notices, staff reports, resolutions, and conditions of approval; finalizing agenda packets following review by staff; preparing PowerPoint presentations; and presenting projects and staff recommendations to approval bodies. The Consultant will also ensure all associated administrative tasks are completed, including: monitoring developer deposits, logging billable hours and tasks, maintaining public records and correspondence in the City’s records database (i.e., shared server), renaming files, and organizing project folders for easy access.

Long-Range Planning
The assigned Contract Planner may serve as the Project Manager for various long-range planning assignments, such as: City-initiated Zoning Ordinance Amendments; streamlining initiatives; ordinances for compliance with current State legislation; Housing Element program implementation; Specific Plan updates; and comprehensive Zoning Code updates. The Contract Planner will work with the staff supervisor to refine the project-specific scope of work, identify City needs, and understand the Planning Division’s expectations and goals of the long-range planning assignment. The Contract Planner’s responsibilities may include, but are not limited to:
reviewing the current Zoning Ordinance and local regulations; reviewing current State legislation; researching regulations from other surrounding cities; discussing challenges and opportunities for improvement with staff; preparing detailed Zoning Ordinance amendments in track-changes; identifying areas where policy direction is needed from staff, Commission, and/or City Council;

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EXHIBIT A
-2-
conducting study sessions on items needing further discussion; drafting public hearing notices, staff reports, resolutions, and attachments; finalizing agenda packets following review by staff; preparing PowerPoint presentations; attending public meetings; presenting to approval bodies; and participating in any implementation tasks as directed by staff, such as creating handouts, assisting with website updates, and presenting to in-house planning staff.

Development Plans Review
The assigned Contract Planner may conduct zoning compliance reviews of building permit plans, including, but not limited to: architectural site plans, elevations, technical reports, landscape plans, grading plans, and other documentation routinely submitted to the Planning Division. Plans will be reviewed for consistency and substantial compliance with the City’s Zoning Ordinance, applicable conditions of approval tied to associated entitlement permits, and other applicable policies and regulations.

CEQA Analysis
Through our subconsultant, Terra Nova Planning & Research, Inc., City Advisors provides cost-effective, high-quality CEQA and NEPA documentation. Their services include environmental assessments, technical studies, and preparation of Environmental Impact Reports, Mitigated Negative Declarations, and technical memos to support the use of categorical and statutory exemptions. With a strong record of compliance under CEQA, NEPA, and SEPA, Terra Nova’s staff bring extensive regulatory expertise and practical insight into the political and strategic context of local projects. Their approach emphasizes common-sense, actionable analysis and the use of CEQA streamlining tools (such as categorical exemptions and Section 15183) to expedite review, reduce costs, and maintain full regulatory compliance.

Special Planning Projects
City Advisors is available to provide project management support on additional planning assignments, such as: Code implementation, permit process improvements, permit software upgrade implementation, standard operating procedures creation, strategic planning, and other special projects. Beyond planning, City Advisors provides specialty support related to community outreach, engagement, and economic development. We work with cities to provide flexible planning support that can be adapted to fit the City’s specific staffing needs and budgetary constraints.

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EXHIBIT B
-1-

EXHIBIT B
Budget and Fee Schedule
Invoices will be submitted to the Contract Supervisor at the beginning of each month with a detailed list of services rendered and number of hours associated with each task. Below are the billing rates applicable through the duration of the professional services agreement. City Advisors only employs professionals performing at a senior-level and above.

November 1, 2025, through December 31, 2026:

Position Billing Rate
Managing Principal (On-Site) $165.00 per hour
Managing Principal (Remote) $145.00 per hour
Senior Planner (Remote) $130.00 per hour
CEQA Subcontractor Rates:

Position Billing Rate
Principal Planner $195.00 per hour
Senior Planner $160.00 per hour
Associate Planner $140.00 per hour

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STATEMENT OF QUALIFICATIONS
www.city-advisors.com

ON-CALL PLANNING SERVICES

PRESENTED TO

PREPARED BY

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CONTENTS
COVER LETTER 03
SERVICES PROVIDED 15
APPENDIX: RESUMES 24
REFERENCES 21
COST PROPOSAL 12
GENERAL QUALIFICATIONS 04
KEY STAFF 06

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Dear City Staff:

Thank you for considering City Advisors for on-call support in both general and specialized planning services. It is our pleasure to submit this Statement of Qualifications, where you will find detailed information about our comprehensive capabilities and commitment to creating meaningful community impacts. Our team is composed of seasoned professionals, each bringing a wealth of experience in planning, development, land use policy, and CEQA analysis. Together, we aim to effectively support and enhance the work of your Department while upholding the highest standards of service and innovation.

At City Advisors, we see ourselves as an extension of your community rather than a distant corporate entity. We believe in prioritizing community impact over profits, a principle that is deeply embedded in our lean operational model. This not only ensures cost efficiency but also guarantees that the value we deliver is directly felt by the city and its stakeholders. Choosing City Advisors means opting for a partner that understands the unique dynamics and challenges faced by smaller organizations. We are a nimble team capable of swiftly adapting to the specific needs of any city, fueled by our passion to contribute positively to a future rooted in sustainability, inclusion, and vibrant community growth.

Our dedication goes far beyond merely completing projects. We are committed to building meaningful, long-term partnerships with City staff to create a lasting and beneficial impact on the community. Upholding this commitment, we operate under a satisfaction-guaranteed philosophy:
should you be unhappy with our work, we will rectify it at no additional cost. Please do not hesitate to contact me directly with any questions regarding our Statement of Qualifications. 3 P.O. BOX 1292 COSTA MESA, CA, 92628 949.485.1960
WWW.CITY-ADVISORS.COM
Sincerely,
Stephanie Tomaino, AICP
CEO and Managing Principal
Official Name and
Address
City Advisors, LLC
P.O. Box 1292
Costa Mesa, CA 92628
www.city-advisors.com
Primary Contact
Stephanie Tomaino, AICP
[email protected]
(949) 485-1960

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4 SUPPORTING CITIES

ONE PROJECT

AT A TIME
City Advisors is not just a contract planning firm but a dedicated partner committed to public service and impactful community engagement. Founded by an experienced public sector planner, we specialize in both current and long-range planning with a deep-rooted understanding of the public sector's unique needs. Our agile, small-business model enables us to adapt quickly to the evolving scopes of our clients' projects, all while upholding the principles of integrity, ethical rigor, and honesty that serve as the foundation of our practice.

More than just completing projects, City Advisors is committed to creating meaningful, longterm partnerships with City staff. We prioritize community impact over profits - a commitment reflected in our lean organizational structure and limited overhead. These cost savings are directly passed onto our client cities, further cementing our dedication to serving the public interest. Whether it's alleviating work backlogs, executing high-impact planning projects, or enhancing customer service in collaboration with City staff, our focus remains on generating a tangible, positive impact on the communities we serve.

To guarantee your satisfaction, we operate under a clear philosophy: if you're not satisfied with our work, we'll make it right at no additional cost. It's not just about doing a job for us; it's about making a lasting difference in the communities we are privileged to serve. www.City-Advisors.com

GENERAL QUALIFICATIONS

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WHO WE ARE
We are a collective of highly-experienced
professionals deeply rooted in California's
diverse communities. Our unique strength
lies in our adaptability and multidisciplinary
approach to updating municipal regulatory
documents. Built to be agile, we excel in
offering high-quality technical support
tailored to meet any budget constraints.

We bring together experts across various
fields to craft solutions uniquely suited to
your community's needs.
5 GENERAL QUALIFICATIONS
Legal Name &
Address
City Advisors, LLC
P.O. Box 1292
Costa Mesa, CA 92628
Organization
Structure Single Member LLC
Year Established 2022
# of Employees 1
Office Location
City Advisors operates as a
fully digital and remote firm,
leveraging the power of
technology to serve clients
without the constraints of a
physical office location.

Entitlement Management
Advanced/Long-Range Planning
Plan Checks and Ministerial Permits
Special Projects & Planning Assignments
Environmental Planning (through our
partner Terra Nova Planning & Research)
Economic Development
CORE SERVICES:

We believe every city, regardless of its means, should have access to top-tier, reliable technical support. Prioritizing community impact above all, we're committed to delivering quality, on-time solutions tailored to each city’s unique needs.

OUR MISSION:

We distinguish ourselves with flexible contracts, adaptable to any city’s budgetary constraints.

Our unique strength lies in our adaptability and multidisciplinary approach to supporting city planning teams. And when you partner with us, expect to work with a team of seasoned city planners, all operating at senior levels, ensuring expertise at every touchpoint.

WHAT SETS CITY ADVISORS APART?

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KEY STAFF

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6 MEET YOUR CITY ADVISORS
7 As the hands-on owner of City Advisors, Stephanie brings over 16 years of expertise to every project. Before consulting, she was an in-house planner for multiple Southern California cities, including San Clemente and Irvine. Her portfolio spans the review of diverse development applications, from residential subdivisions and mixed-use developments to commercial redevelopments and wireless telecommunications facilities.

Stephanie spearheads the company's Advanced Planning initiatives, drawing on her extensive background in implementing Municipal Codes and land use policies to modernize Zoning Codes for communities throughout California. Her expertise lies in updating Zoning Ordinances to implement housing element programs, comply with new State legislation, and streamline zoning practices. As a highly organized project manager, Stephanie boasts a stellar track record in leading advanced planning projects, seamlessly coordinating between planners, attorneys, and managers to achieve exceptional outcomes. Her expertise extends to successfully presenting these projects before various city boards, including the Design Review Board, Cultural Heritage Committee, Planning Commission, and City Council. Stephanie brings a decade-long commitment to active volunteer leadership in the profession, having served in various executive roles on both State and local APA boards. With a background in academia as an Adjunct Professor at UC Irvine, she is uniquely positioned to educate and inform community members on the intricacies of zoning, land use, and development.

MANAGING PRINCIPAL

KEY STAFF

STEPHANIE TOMAINO, AICP
Diverse experience working alongside development, real
estate, design, and construction teams.

Versatile and adaptable leader with extensive network
through professional and volunteer positions.

Skilled in analyzing land use law to implement best
practices for modernizing and streamlining Zoning Codes Advocate of common-sense, solutions-based planning
Resume provided in Appendix.

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MEET YOUR CITY ADVISORS
8 Joshua is a local government professional with over 11 years working in the public and private sectors with diverse experience across Northern and Southern California municipalities. Starting as an in-house Planner, he progressed to versatile project management roles spanning Community Development and City Administration, culminating to an Assistant Director of Community Development. Joshua has honed in a variety of areas, including land use planning, zoning regulations, housing development, code enforcement, economic development, and community engagement. His experience spans urban, rural, and coastal settings. Joshua is versatile in reviewing and interpreting complex regulatory frameworks and is a strong communicator with stakeholders and applicants. His expertise extends to effective work planning, executing Specific Plans, Housing Element initiatives, current planning tasks, staff report drafting, entitlement application reviews, zoning code implementation, and efficient administrative operations. Passionate about making a positive impact in the community, Joshua is a committed leader in his community. Joshua is a Commissioner for the City of Sacramento Historic Preservation Commission and serves as President within his local Homeowners Association. Joshua’s technical and professional skills in the Planning profession enables him to adapt in any setting and he is trusted for his strong leadership ability.

SENIOR PLANNER

KEY STAFF

JOSHUA MONTEMAYOR, MPA
Extensive cannabis regulation experience across three cities, including ordinance development, entitlement processing, and conducting annual reviews
Collaborative communication approach rooted in building relationships and trust with stakeholders.

Skilled public speaker with a track record of engaging
presentations to City Councils and Commissioners.

Resume provided in Appendix.

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MEET YOUR CITY ADVISORS
9 City Advisors partners with Terra Nova’s Principal and Project Manager, Nicole Criste, to provide efficient and practical environmental solutions. Ms. Criste has been with Terra Nova since 1985 and will serve as the Project Manager for CEQA projects. She has extensive experience in the preparation of CEQA documents, including Exemptions, Initial Studies and Environmental Impact Reports (EIR). Major EIR projects include the Lafayette Warehouse Project EIR and Apple Valley Downtown Specific Plan and EIR in the Town of Apple Valley, DSRT Surf Specific Plan and EIR in Palm Desert, Downtown Palm Springs Specific Plan, EIR and Addenda in Palm Springs, and the CV Commerce Center project in Cathedral City, which proposes a master planned, multi-building warehouse campus.

She has conducted and managed the preparation of several community General Plans, including those for the cities of La Quinta (2002 and 2012), Apple Valley and Banning. She also assisted Twentynine Palms in updating its Housing Element for the 2021-2029 planning period, and managed City-initiated and private sector CEQA documents in the City. Among her public sector clients, Ms. Criste has provided land use and environmental planning services to a number of cities, including San Clemente, Twentynine Palms, Palm Springs, La Quinta, Palm Desert, Cathedral City, Desert Hot Springs, Coachella and Rancho Mirage.

In addition to extensive land use and community planning experience, Ms. Criste also provides expert services in environmental, land use and development design analysis, fiscal and economic impact analysis, market research and marketing strategy development. She also works with a number of attorneys as a CEQA expert, providing technical analysis in support of court actions in southern California and Sacramento. Ms. Criste is a graduate of Scripps College with a Bachelor of Arts degree in European Studies.

CEQA PROJECT MANAGER

KEY STAFF

NICOLE CRISTE

SUBCONSULTANT

TO CITY ADVISORS

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MEET YOUR CITY ADVISORS
10 Kelly Clark has been with Terra Nova since 2011. She holds a Bachelor of Science in Conservation and Resource Studies from the University of California, Berkeley. Ms. Clark has provided research and analysis required for CEQA and NEPA documents, local green building policies and various development projects throughout the Coachella Valley, including the Specific Plans for the DSRT Surf and Apple Valley Village projects, and EIRs and Initial Studies for retail projects in Rancho Mirage, Riverside County, Desert Hot Springs, San Bernardino and Twentynine Palms. She was the principal author of the Twentynine Palms Wastewater Treatment Plant Initial Study, and the Catana Specific Plan in Rancho Mirage. Ms. Clark has developed an excellent understanding of air quality and greenhouse gas modeling, and prepares air quality models, including most of the air quality analyses for Terra Nova’s Initial Studies.

ADDITIONAL CEQA SUPPORT

KELLY CLARK CEQA SENIOR PLANNER

SUBCONSULTANT TO CITY ADVISORS

NATHALY CASTILLO-OROZCO CEQA ASSISTANT PLANNER
Nathaly Castillo-Orozco joined Terra Nova in 2023, bringing a fresh perspective with a Bachelor’s degree in Environmental Science from UC Santa Barbara. She is actively involved in drafting environmental documentation, including Initial Studies for multiple projects in the Coachella Valley and EIRs for a commercial solar project in Twentynine Palms and the CV Commerce Center in Cathedral City. Nathaly's background includes analyzing energy consumption and advocating for federal energy policy changes to enhance reliability.

CANDICE WEBER CEQA ASSISTANT PLANNER
Candice Weber has been with Terra Nova since 2021, initially serving as the firm’s GIS specialist before expanding her role to include planning and environmental documentation. She has contributed to key projects such as the Social Justice Element for Twentynine Palms, Initial Studies for industrial and residential projects, and a bike trail connector in Coachella. Candice also brings academic experience as an adjunct professor at College of the Desert, where she teaches GIS and Conservation of Natural Resources courses.

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COST PROPOSAL
11

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PLANNING RATES
12 SCHEDULE OF RATES

THROUGH
DECEMBER 31,
2026

POSITION BILLING RATE
Principal Planner (on-site) $165.00/hour
Principal Planner (remote) $145.00/hour
Senior Planner (remote) $130.00/hour
Invoices will be submitted to the Contract Supervisor at the beginning of each month with a detailed list of services rendered and number of hours associated with each task. Below are the billing rates applicable through the duration of the professional services agreement. City Advisors only employs professionals performing at a senior-level and above.

OTHER

EXPENSES
Automobile travel Time + Current IRS rate
Commercial travel Cost + 10%
Other reimbursable materials Cost + 10%

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CEQA RATES

THROUGH

DECEMBER
31, 2026
Terra Nova invoices its clients on a cost-basis using an hourly billing system. Each planning effort is typically broken down by task and assigned the necessary staff time at the applicable hourly rate. These rates are subject to annual escalation, generally based on the Consumer Price Index (CPI), to reflect changes in the cost of providing services.

Administrative Fee
City Advisors applies a one-time 5% fee
to the total cost of the CEQA proposal
to cover administrative processing and
reimbursement expenses.

Automobile travel Time + Current IRS rate
Other reimbursable
materials Cost + 10%
13 SCHEDULE OF RATES

POSITION BILLING RATE
Principal Planner $195.00/hour
Senior Planner $160.00/hour
Associate Planner $140.00/hour
Assistant Planner $115.00/hour
Graphic Design Specialist $65.00/hour
Administrative Assistant $45.00/hour
OTHER

EXPENSES

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SERVICES

PROVIDED

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14 OUR ADVANTAGE
Choosing City Advisors means partnering with a firm that not only understands the unique needs of your city but also stands out from the competition through our unwavering commitment to transparency, collaborative decision-making, and serving the public interest.

Our approach is designed to exceed conventional practices, offering a partnership that ensures your city’s goals are met with innovative solutions and dedicated support. We leverage the breadth of our network to incorporate a wide array of professional expertise, enriching your Community Development Department with invaluable insights and enhanced capabilities. We are committed to managing projects with efficiency, accountability, and honesty, always prioritizing the community’s needs. Here’s how City Advisors stands apart:

Public Sector Expertise
City Advisors excels in navigating city government intricacies, with a deep understanding of interdepartmental dynamics, particularly with Community Development and City Manager offices. Our focus on economic development drives us to deliver practical, innovative solutions aimed at fostering local business growth. This expertise ensures that we provide tailored, effective planning strategies for each city we serve.

Unwavering Dedication to Public Interests
Unique to our firm, our commitment is exclusively to city governments. By not engaging with developers or other private sector clients, we eliminate potential conflicts of interest, ensuring our undivided loyalty lies with representing and advancing your city’s best interests.

Comprehensive Planning Capabilities
Unlike many firms that may focus exclusively on either current or advanced planning, we boast a team of seasoned planners adept in both domains. This dual capability ensures a comprehensive approach to both immediate and future planning needs. City Advisors stands out as a versatile and reliable partner, equipped to handle the full spectrum of planning challenges.
15 OUR EXPERIENCE

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Our Contract Planners are proficient in overseeing all aspects of case processing. This includes reviewing development proposals for consistency with the Zoning Ordinance, General Plan, and other local regulations. We coordinate the routing of applications to relevant City departments and divisions, consolidate feedback into Notice of Incompleteness letters, and communicate project statuses and City comments to applicants. Additionally, we facilitate meetings between applicants and City staff, process and review application resubmittals and revisions, and collaborate with City staff to schedule public hearings. We also draft public hearing notices, staff reports, resolutions, and conditions of approval, finalize agenda packets following staff review, prepare PowerPoint presentations, and present projects and staff recommendations to approval bodies.

Beyond core planning services, our team ensures meticulous handling of all associated administrative tasks. This includes monitoring developer deposits, logging billable hours and project tasks, and maintaining accurate financial records. We also manage public records and correspondence in the City’s database, update statuses in the City’s permit software, rename files, and organize project folders.

CURRENT PLANNING
16 OUR EXPERIENCE
Bellflower
Costa Mesa
Irvine
Laguna Beach
Laguna Niguel
Lake Forest
Lomita
Mission Viejo
Pacifica
Sausalito
Sebastopol
San Clemente
Tiburon
Ukiah
Westminster, CA
ENTITLEMENTS MANAGED IN:

To ensure seamless integration with City processes, our Contract Planners proactively schedule initial training sessions with staff to familiarize themselves with the
City’s permits and planning software, records database, developer deposit accounting software, shared network
drive, digital project folders, and agenda software system (if any). We establish relationships with internal and
external reviewers, including building, public works
development engineering, OCFA liaison, traffic, code
enforcement, landscape consultant, and technical
reviewers (e.g., WQMP, traffic, hydrology).

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The dynamic and ever-evolving nature of advanced planning projects requires an adaptive approach that collaborates closely with staff to consistently refine project-specific scopes of work while keeping the city’s goals and primary objectives at the forefront. We excel in comprehensively reviewing current Zoning Ordinances, local regulations, and State legislation to ensure compliance and relevance. Our expertise includes evaluating implementation methods to identify areas for improvement and conducting research on regulations from surrounding cities to inform best practices.

Our team has prepared detailed Zoning Ordinance amendments, using tracked changes and summary tables for clarity. Identifying areas where policy direction is needed from staff, the Commission, and/or City Council has been a key part of our role. We have conducted study sessions for items requiring further discussion and prepared environmental documentation for CEQA compliance. Collaborating with staff to schedule public meetings, we have drafted public hearing notices, staff reports, resolutions, and attachments, finalized agenda packets, and prepared PowerPoint presentations for approval bodies. Our participation has extended to implementation tasks such as creating handouts, assisting with website updates, and presenting to in-house planning staff.

ADVANCED PLANNING
17 OUR EXPERIENCE
Coachella
Costa Mesa
Eastvale
El Segundo
La Mesa
Laguna Niguel
Lake Forest
Lomita
Pacifica
Sausalito
Sebastopol
San Clemente
San Marcos
Vacaville
Westminster, CA
PROJECTS MANAGED IN:

To ensure effective communication and progress, we
have established regular check-in meetings with staff to review progress, address blockers, and receive
necessary direction and clarification. We strive to use these check-ins as working meetings to make efficient
use of the City's limited resources. Our approach has
always been to ensure that meetings are productive,
conclude on time, and result in clear, actionable items for all parties involved.

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CEQA ANALYSIS
18 Terra Nova is a highly experienced firm specializing in environmental assessment and planning services, offering competitive rates without compromising on quality. Unlike larger firms, Terra Nova provides affordable, high-caliber technical documents, making them an excellent choice for projects requiring cost-effective environmental analysis. Their expertise includes conducting comprehensive land surveys, natural resource assessments, and a variety of specialized studies essential for informed environmental decision-making. With a proven track record, Terra Nova has successfully prepared and processed hundreds of environmental documents in compliance with the California Environmental Quality Act (CEQA), National Environmental Policy Act (NEPA), and the Washington State Environmental Policy Act (SEPA).

The firm’s experience is diverse, encompassing the preparation of Environmental Impact Statements (EIS) and Environmental Impact Reports (EIR) for projects such as multi-species habitat conservation plans, major stormwater and highway infrastructure projects, comprehensive and general plans, zoning ordinances, large-scale mixed-use resort developments, and energy projects. Terra Nova has also developed various NEPA documents for federal agencies, including the Bureau of Land Management, Bureau of Reclamation, Bureau of Indian Affairs, Federal Highway Administration, U.S. Economic Development Administration, and the U.S. Department of Energy. Their staff possesses extensive knowledge of the laws and regulations governing environmental documentation at the federal, state, county, and local levels.

Terra Nova approaches CEQA documentation with a practical and common-sense methodology, ensuring that their analyses are both relevant and actionable. They understand the importance of the political context in which projects are situated and use this understanding to inform their environmental analysis. This approach enables them to provide insights that are not only technically sound but also strategically aligned with the broader objectives of the project. Moreover, Terra Nova specializes in leveraging CEQA streamlining provisions, such as categorical exemptions and Section 15183, to explore alternatives to preparing costly initial studies. By utilizing these provisions, they are able to expedite the environmental review process, reduce costs, and keep projects on track, all while maintaining rigorous compliance with environmental regulations.

OUR EXPERIENCE

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SPECIAL PROJECTS
19 At City Advisors, we pride ourselves on our ability to tackle a diverse range of special projects with a high level of versatility and adaptability. Our team’s extensive experience working across various departments and divisions enables us to spearhead new initiatives efficiently, aligning closely with city priorities and strategic goals. Below are key areas where we have provided exceptional service:

Customer Service and Permit Process Improvements
We have revamped application processes and handouts, enhancing the clarity and usability for both city staff and applicants. Our involvement in the implementation of new permit software, electronic plan reviews, and digital entitlement submittals allows us to effectively embrace cutting-edge technology and master the technical nuances required to optimize permit process improvements.

Development of Internal Policies and Procedures
Recognizing the need for consistent and efficient internal operations, we craft tailored policies and procedures that strengthen organizational structure and enhance daily function within city departments.

Economic Development Strategies
We develop and execute economic development strategies that stimulate local economies, attract new businesses, and support existing ones. Our strategic approach focuses on sustainable growth and long-term prosperity for the community.

Staff Training and Skills Development
Recognizing the importance of continuous learning, we can provide comprehensive training programs that enhance the skills and knowledge of city staff. These initiatives are designed to elevate service delivery and adapt to evolving urban challenges.

Implementation of City Council Strategic Priorities
Our team excels at translating City Council’s strategic priorities into actionable plans, ensuring that these priorities are effectively integrated into the city’s operational objectives and community initiatives.

PLANNING SERVICES

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REFERENCES

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20 OUR EXPERIENCE

CURRENT PLANNING
21 REFERENCES
Description of Services Provided: Serve as Project Manager for current planning Entitlements, including Conditional Use Permits, site development plans, subdivision maps, and cannabis applications. Tasks include coordinating department reviews, maintaining timelines leading up to public hearings, and drafting staff reports, findings, and resolutions.

Contact Information: Craig Schlatter, Community Development Director Phone: 707-463-6219 | Email: [email protected]

CITY OF UKIAH, COMMUNITY DEVELOPMENT DEPARTMENT

CITY OF LAGUNA NIGUEL, PLANNING DIVISION
Description of Services Provided: Serve as the Project Planner for assigned discretionary planning applications. Project management includes coordinating application reviews with other departments/divisions, technical consultants, and management staff; preparing staff reports, resolutions, and agenda packets; and presenting projects at public hearings.

Contact Information: Katie Crockett, Planning Manager
Email: [email protected] | Phone: (949) 362-4363 Description of Services Provided: Managing and coordinating comprehensive design review processes to ensure preservation of town’s unique visual character; ensuring compliance with zoning regulations and neighborhood aesthetic consistency; presenting projects to the Design Review Board; and facilitating community notifications.

Contact Information: Dina Tasini, Community Development Director Phone: (415) 435-7393 | Email: [email protected]

TOWN OF TIBURON, COMMUNITY DEVELOPMENT DEPARTMENT

CITY OF WESTMINSTER, PLANNING DIVISION
Description of Services Provided: Oversee the functions of the Current Planning Team, including reviewing Planning Commission staff reports and resolutions. Support the implementation of the Westminster Mall Specific Plan. Serve as the Project Manager for developer deposit-based applications, including billboard applications, Conditional Use Permits for sensitive land uses, and new residential development under SB330.

Contact Information: Adolfo Ozaeta, Assistant City Manager Email: [email protected] | Phone: (714) 548-3462

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La Palma City CouncilNovember 4, 2025

La Palma City Council
November 4, 2025