For APN/Parcel ID(s): 349-240-043, 349-240-045, 349-240-044, 349-240-055, 349-240-056, 349-240-006, 349-240-046, 349-240-047, 349-240-054, 349-380-024 and 349-380-025
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF LAKE ELSINORE, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS:
PARCEL A: (APN: 349-240-043)
PARCEL 1 OF PARCEL MAP NO. 17,808 ON FILE IN BOOK 102 PAGE 47 OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA;
EXCEPTING THEREFROM AN UNDIVIDED ONE-HALF OF ALL OIL AND MINERAL RIGHTS IN AND UNDER SAID LAND, AS RESERVED IN DEED FROM ELLIS S. JOHNSON AND ARLINE JOHNSON, HUSBAND AND WIFE, FILED FOR RECORD MARCH 17, 1954 AS INSTRUMENT NO. 13362 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA;
ALSO EXCEPTING FROM THE REMAINDER OF THE HEREIN DESCRIBED PROPERTY, ALL OIL AND MINERAL RIGHTS UNDER SAID LAND, AS RESERVED IN GUARDIAN’S DEED FROM SECURITY FIRST NATIONAL BANK OF LOS ANGELES, AS GUARDIAN OF THE ESTATE OF ORVAL HAYNES, AN INCOMPETENT PERSON TO AVA, INC., A CORPORATION, FILED FOR RECORD MAY 14, 1958 IN BOOK 2270 PAGE 428 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
PARCEL B: (APN: 349-240-045)
THE EAST ONE-HALF OF THE WEST ONE-HALF OF PARCEL 4 OF PARCEL MAP 8478, AS SHOWN BY MAP ON FILE IN BOOK 31 PAGES 52 AND 53 OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; PURSUANT TO CERTIFICATE OF COMPLIANCE AND WAIVER OF PARCEL MAP RECORDED MARCH 22, 1978 AS INSTRUMENT NO. 54027 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
EXCEPTING THEREFROM THAT PORTION OF LAND CONVEYED TO THE COUNTY OF RIVERSIDE IN RESOLUTION NO. 83-360 ACCEPTING OFFERS OF DEDICATION FOR PUBLIC ROADS RECORDED NOVEMBER 22, 1983 AS INSTRUMENT NO. 243860 OF OFFICIAL RECORDS.
PARCEL C: (APN: 349-240-044)
PARCEL 2 OF PARCEL MAP 17,808 ON FILE IN BOOK 102 PAGE 47 OF PARCEL MAPS, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
EXCEPTING THEREFROM AN UNDIVIDED ONE-HALF OF ALL OIL AND MINERAL RIGHTS IN AND UNDER SAID LAND, AS RESERVED IN DEED FROM ELLIS S. JOHNSON AND ARLINE JOHNSON, HUSBAND AND WIFE, RECORDED MARCH 17, 1954 AS INSTRUMENT NO. 13362 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA;
ALSO EXCEPTING FROM THE REMAINDER OF THE HEREIN DESCRIBED PROPERTY, ALL OIL AND MINERAL RIGHTS UNDER SAID LAND, AS RESERVED IN GUARDIAN’S DEED FROM SECURITY FIRST NATIONAL BANK OF LOS ANGELES, AS GUARDIAN OF THE ESTATE OF ORVAL HAYNES, AN INCOMPETENT PERSON TO AVA, INC., A CORPORATION, RECORDED MAY 14, 1958 IN BOOK 2270 PAGE 428 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
PARCEL D: (APN: 349-240-055)
THAT PORTION OF PARCEL 3 OF PARCEL MAP 8478 AS SHOWN IN PARCEL MAP BOOK 31, PAGES 52 AND 53 THEREOF, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS:
EXHIBIT A
Legal Description
CLTA Preliminary Report Form (02/03/2023) Printed: 10.02.25 @ 09:58 AM
COMMENCING AT THE SOUTHWEST CORNER OF SAID PARCEL 3; THENCE NORTH 89° 30' 48" EAST, ALONG THE SOUTHERLY LINE OF SAID PARCEL 3, A DISTANCE OF 273.55 FEET TO THE POINT OF BEGINNING OF THE PARCEL OF LAND TO BE DESCRIBED; THENCE CONTINUING ALONG LAST MENTIONED SOUTHERLY LINE, NORTH 89° 30' 48" EAST, A DISTANCE 273.55 FEET; THENCE NORTH 02° 22’ 22" EAST, A DISTANCE OF 652.76 FEET TO A POINT ON THE NORTHERLY LINE OF SAID PARCEL 3; THENCE SOUTHERLY 89° 36' 24" WEST, ALONG THE NORTHERLY LINE OF SAID PARCEL 3, A DISTANCE OF 277.00 FEET TO A POINT THAT BEARS NORTH 02° 03' 45" EAST FROM THE POINT OF BEGINNING; THENCE SOUTH 02° 03’ 45" WEST A DISTANCE OF 653.04 FEET TO THE POINT OF BEGINNING.
EXCEPTING THEREFROM THAT PORTION OF LAND CONVEYED TO THE COUNTY OF RIVERSIDE IN RESOLUTION NO. 83-360 ACCEPTING OFFERS OF DEDICATION FOR PUBLIC ROADS RECORDED NOVEMBER 22, 1983 AS INSTRUMENT NO. 243860 OF OFFICIAL RECORDS.
EXCEPTING THEREFROM AN UNDIVIDED ONE-HALF OF ALL OIL AND MINERAL RIGHTS IN AND UNDER SAID LAND PER INSTRUMENT NO. 13362, RECORDED MARCH 17, 1954 OF OFFICIAL RECORDS.
ALSO EXCEPTING THEREFROM ALL OIL, AND MINERAL RIGHTS UNDER SAID LAND PER DEED FILED FOR RECORD MAY 14, 1958 IN BOOK 2270 PAGE 428 OF OFFICIAL RECORDS, OF RIVERSIDE COUNTY, CALIFORNIA.
THIS LEGAL IS MADE PURSUANT TO CERTIFICATE OF COMPLIANCE AND WAIVER OF PARCEL MAP NO. 618, RECORDED OCTOBER 25, 1978 AS INSTRUMENT NO. 225202 OF OFFICIAL RECORDS.
PARCEL E: (APN: 349-240-056)
THAT PORTION OF PARCEL 3 OF PARCEL MAP 8478 AS SHOWN IN PARCEL MAP BOOK 31, PAGES 52 AND 53 THEREOF, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS:
COMMENCING AT THE SOUTHWEST CORNER OF SAID PARCEL 3; THENCE NORTH 89° 30’ 48" EAST, ALONG THE SOUTHERLY LINE OF SAID PARCEL 3, A DISTANCE OF 547.1 FEET TO THE POINT OF BEGINNING OF THE PARCEL OF LAND TO BE DESCRIBED; THENCE CONTINUING ALONG LAST MENTIONED SOUTHERLY LINE NORTH 89° 30’ 48" EAST, A DISTANCE OF 450.00 FEET; THENCE NORTH 02° 22’ 13" EAST, A DISTANCE OF 652.02 FEET TO A POINT ON THE NORTHERLY LINE OF SAID PARCEL 3; THENCE SOUTH 89° 36’ 24" WEST, ALONG THE NORTHERLY LINE OF SAID PARCEL 3, A DISTANCE OF 450.00 FEET TO A POINT THAT BEARS NORTH 02° 22’ 02" EAST, FROM THE POINT OF BEGINNING; THENCE SOUTH 02° 22’ 02" WEST, A DISTANCE OF 652.76 FEET TO THE POINT OF BEGINNING.
EXCEPTING THEREFROM THAT PORTION OF LAND CONVEYED TO THE COUNTY OF RIVERSIDE IN RESOLUTION NO. 83-360 ACCEPTING OFFERS OF DEDICATION FOR PUBLIC ROADS RECORDED NOVEMBER 22, 1983 AS INSTRUMENT NO. 243860 OF OFFICIAL RECORDS.
PARCEL F: (APN: 349-240-006)
THE NORTH HALF OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 28, TOWNSHIP 5 SOUTH, RANGE 4 WEST, SAN BERNARDINO BASE AND MERIDIAN;
EXCEPTING THEREFROM ALL COAL, OIL, GAS AND OTHER MINERAL DEPOSITS TOGETHER WITH THE RIGHT TO PROSPECT FOR, MINE, AND REMOVE THE SAME ACCORDING TO THE PROVISIONS OF THE ACT OF JUNE 1, 1938 (52 STAT. 609) AS EXCEPTED AND RESERVED IN PATENT FROM THE UNITED STATES TO DAVID Y. F. DEA DATED JANUARY 28, 1957 AND RECORDED APRIL 23, 1957 AS INSTRUMENT NO. 29568, BOOK 2076 PAGE 83, OFFICIAL RECORDS.
PARCEL G: (INTENTIONALLY DELETED)
EXHIBIT A
Legal Description
CLTA Preliminary Report Form (02/03/2023) Printed: 10.02.25 @ 09:58 AM
PARCEL H: (APN: 349-240-046)
THAT PORTION OF PARCEL 4 OF PARCEL MAP 8478 AS SHOWN BY MAP ON FILE IN BOOK 31 PAGES 52 AND 53, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
BEGINNING AT THE SOUTHWESTERLY CORNER OF SAID PARCEL 4, THENCE EASTERLY ALONG THE SOUTHERLY LINE OF SAID PARCEL 4, A DISTANCE OF 664 FEET TO THE TRUE POINT OF BEGINNING THENCE NORTHERLY 654.5 FEET TO A POINT ON THE NORTHERLY LINE OF SAID PARCEL 4, WHICH BEARS 669 FEET EAST OF THE NORTHWEST CORNER OF SAID PARCEL 4, THENCE EASTERLY ALONG THE NORTHERLY LINE OF SAID PARCEL 4, A DISTANCE OF 334 FEET, THENCE SOUTHERLY 654 FEET TO A POINT ON THE SOUTHERLY LINE OF SAID PARCEL 4, WHICH BEARS 332 FEET EAST OF THE POINT OF BEGINNING, THENCE WESTERLY ALONG THE SOUTHERLY LINE OF SAID PARCEL 4, A DISTANCE OF 332 FEET TO THE TRUE POINT OF BEGINNING.
EXCEPTING THEREFROM THAT PORTION OF LAND CONVEYED TO THE COUNTY OF RIVERSIDE IN RESOLUTION NO. 83-360 ACCEPTING OFFERS OF DEDICATION FOR PUBLIC ROADS RECORDED NOVEMBER 22, 1983 AS INSTRUMENT NO. 243860 OF OFFICIAL RECORDS.
EXCEPTING THEREFROM AN UNDIVIDED ONE-HALF OF ALL OIL AND MINERAL RIGHTS IN AND UNDER SAID LAND, AS RESERVED IN DEED FROM ELLIS S. JOHNSON AND ALLINE JOHNSON, HUSBAND AND WIFE, FILED FOR RECORD MARCH 17, 1954, AS INSTRUMENT NO. 13362 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA; ALSO EXCEPTING FROM THE REMAINDER OF THE HEREIN DESCRIBED PROPERTY, ALL OIL AND MINERAL RIGHTS UNDER SAID LAND, AS RESERVED IN GUARDIAN’S DEED FROM SECURITY FIRST NATIONAL
BANK OF LOS ANGELES, AS GUARDIAN OF THE ESTATE OF ORVAL HAYNES, AN INCOMPETENT PERSON TO AVA, INC., A CORPORATION FILED FOR RECORD MAY 14, 1958 IN BOOK 2270 PAGE 428 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.
PARCEL I: (APN: 349-240-047)
THE EAST ONE-HALF OF THE EAST ONE-HALF OF PARCEL 4 OF PARCEL MAP 8478, AS SHOWN BY PARCEL MAP BOOK 31, PAGES 52 AND 53 THEREOF, IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
EXCEPTING THEREFROM THAT PORTION OF LAND CONVEYED TO THE COUNTY OF RIVERSIDE IN RESOLUTION NO. 83-360 ACCEPTING OFFERS OF DEDICATION FOR PUBLIC ROADS RECORDED NOVEMBER 22, 1983 AS INSTRUMENT NO. 243860 OF OFFICIAL RECORDS.
EXCEPT THEREFROM AN UNDIVIDED ONE-HALF OF ALL OIL AND MINERAL RIGHTS IN AND UNDER SAID LAND, AS RESERVED IN DEED FROM ELLIS S. JOHNSON AND ALLINE JOHNSON, HUSBAND AND WIFE, FILED FOR RECORD MARCH 17, 1954, AS INSTRUMENT NO. 13362, RIVERSIDE COUNTY RECORDS.
ALSO EXCEPT FROM THE REMAINDER OF THE HEREIN DESCRIBED PROPERTY, ALL OIL AND MINERAL RIGHTS UNDER SAID LAND, AS RESERVED IN GUARDIAN’S DEED FROM SECURITY FIRST NATIONAL BANK OF LOS ANGELES, AS GUARDIAN OF THE ESTATE OF ORVAL HAYNES, AN INCOMPETENT PERSON TO AVA, INC., A CORPORATION FILED FOR RECORD MAY 14, 1958
PARCEL J: (APN: 349-240-054)
THAT PORTION OF PARCEL 3 OF PARCEL MAP 8478, AS SHOWN IN PARCEL MAP BOOK 31, PAGES 52 AND 53 THEREOF, RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, DESCRIBED AS FOLLOWS:
EXHIBIT A
Legal Description
CLTA Preliminary Report Form (02/03/2023) Printed: 10.02.25 @ 09:58 AM
BEGINNING AT THE SOUTHWEST CORNER OF SAID PARCEL 3:
THENCE NORTH 89° 30’ 48" EAST, ALONG THE SOUTHERLY LINE OF SAID PARCEL 3, A DISTANCE OF 273.55 FEET;
THENCE NORTH 02° 03’ 45" EAST, A DISTANCE OF 653.04 FEET TO A POINT ON THE NORTHERLY LINE OF SAID PARCEL 3;
THENCE SOUTH 89° 36’ 24" WEST, ALONG NORTHERLY LINE OF SAID PARCEL 3, A DISTANCE OF 277.00 FEET TO THE NORTHWEST CORNER OF SAID PARCEL 3;
THENCE SOUTH 01° 45’ 32" EAST, ALONG THE WESTERLY LINE OF SAID PARCEL 3, A DISTANCE OF 653.35 FEET TO THE POINT OF BEGINNING.
EXCEPTING THEREFROM THAT PORTION OF LAND CONVEYED TO THE COUNTY OF RIVERSIDE IN RESOLUTION NO. 83-360 ACCEPTING OFFERS OF DEDICATION FOR PUBLIC ROADS RECORDED NOVEMBER 22, 1983 AS INSTRUMENT NO. 243860 OF OFFICIAL RECORDS.
PARCEL K: (APN: 349-380-024)
PARCEL 1 OF PARCEL MAP 7982, AS PER MAP RECORDED IN BOOK 31, PAGE 21, OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
PARCEL L: (APN: 349-380-025)
PARCEL 1 OF PARCEL MAP 8070, AS PER MAP RECORDED IN BOOK 33, PAGE 62 OF THE MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF RIVERSIDE COUNTY.
Exhibit C
Insurance Requirements ׀ Page 1 of 4
DISTRICT's Insurance Requirements is as follows:
Without limiting or diminishing DEVELOPER's obligation to indemnify or hold DISTRICT harmless, DEVELOPER shall procure and maintain or cause to be maintained, at its sole cost and expense, the following insurance coverage’s during the term of this Agreement. As respects to the insurance section only, the DISTRICT (herein refers to the Riverside County Flood Control and Water Conservation District, the County of Riverside, its Agencies, Districts, Special Districts, and Departments, their respective directors, officers, Board of Supervisors, employees, elected or appointed officials, agents or representatives) and CITY as Additional Insureds.
A. Workers' Compensation:
If DEVELOPER has employees as defined by the State of California, DEVELOPER shall maintain statutory Workers' Compensation Insurance (Coverage A) as prescribed by the laws of the State of California. Policy shall include Employers’ Liability (Coverage B) including Occupational Disease with limits not less than $1,000,000 per person per accident. Policy shall be endorsed to waive subrogation in favor of DISTRICT.
B. Commercial General Liability:
Commercial General Liability insurance coverage, including but not limited to, premises liability, unmodified contractual liability, products and completed operations liability, personal and advertising injury, and cross liability coverage, covering claims which may arise from or out of DEVELOPER's performance of its obligations hereunder. Policy shall name the DISTRICT and CITY as Additional Insured. Policy's limit of liability shall not be less than $2,000,000 per occurrence combined single limit. If such insurance contains a general aggregate limit, it shall apply separately to this Agreement or be no less than two (2) times the occurrence limit.
C. Vehicle Liability:
If DEVELOPER's vehicles or mobile equipment are used in the performance of the obligations under this Agreement, then DEVELOPER shall maintain liability insurance for all owned, non-owned or hired vehicles so used in an amount not less than $1,000,000 per occurrence combined single limit. If such insurance contains a general aggregate limit, it shall apply separately to this Agreement or be no less than two (2) times the occurrence limit. Policy shall name the DISTRICT and CITY as Additional Insureds.
Exhibit C
Insurance Requirements ׀ Page 2 of 4
D. Professional Liability:
DEVELOPER shall cause any architect or engineer retained by DEVELOPER in connection with the performance of DEVELOPER's obligations under this Agreement to maintain Professional Liability Insurance providing coverage for the performance of their work included within this Agreement, with a limit of liability of not less than $1,000,000 per occurrence and $2,000,000 annual aggregate. DEVELOPER shall require that, if such Professional Liability Insurance is written on a claims made basis rather than an occurrence basis, such insurance shall continue through the term of this Agreement and that such architect or engineer shall purchase at such architect or engineer's sole expense either 1) an Extended Reporting Endorsement (also known as Tail Coverage); or 2) Prior Dates Coverage from a new insurer with a retroactive date back to the date of, or prior to, the inception of this Agreement; or 3) demonstrate through Certificates of Insurance that such architect or engineer has maintained continuous coverage with the same or original insurer. Coverage provided under items: 1), 2) or 3) shall continue for the term specified in the insurance policy as long as the law allows.
E. General Insurance Provisions – All Lines:
a. Any insurance carrier providing insurance coverage hereunder shall be admitted to the State of California and have an A.M. BEST rating of not less than an A: VIII (A: 8) unless such requirements are waived, in writing, by the DISTRICT Risk Manager. If the DISTRICTꞌs Risk Manager waives a requirement for a particular insurer such waiver is only valid for that specific insurer and only for one policy term.
b. The DEVELOPER must declare its insurance self-insured retention for each coverage required herein. If any such self-insured retention exceeds $500,000 per occurrence each such retention shall have the prior written consent of the DISTRICT Risk Manager before the commencement of operations under this Agreement. Upon notification of self-insured retention deemed unacceptable to the DISTRICT, and at the election of the DISTRICTꞌs Risk Manager, DEVELOPER's carriers shall either: 1) reduce or eliminate such self-insured retention with respect to this Agreement with DISTRICT, or 2) procure a bond which guarantees payment of losses and Exhibit C
Insurance Requirements ׀ Page 3 of 4
related investigations, claims administration, and defense costs and expenses.
c. DEVELOPER shall cause their insurance carrier(s) or its contractor's insurance carrier(s), to furnish DISTRICT with 1) a properly executed original certificate(s) of insurance and certified original copies of endorsements effecting coverage as required herein; and 2) if requested to do so orally or in writing by the DISTRICT Risk Manager, provide original certified copies of policies including all endorsements and all attachments thereto, showing such insurance is in full force and effect. Further, said certificate(s) and policies of insurance shall contain the covenant of the insurance carrier(s) that a minimum of thirty (30) days written notice shall be given to the DISTRICT prior to any material modification, cancellation, expiration or reduction in coverage of such insurance. If DEVELOPER insurance carrier(s) policies does not meet the minimum notice requirement found herein, DEVELOPER shall cause DEVELOPER's insurance carrier(s) to furnish a 30 day Notice of Cancellation Endorsement. d. In the event of a material modification, cancellation, expiration or reduction in coverage, this Agreement shall terminate forthwith, unless DISTRICT receives, prior to such effective date, another properly executed original certificate of insurance and original copies of endorsements or certified original policies, including all endorsements and attachments thereto, evidencing coverages set forth herein and the insurance required herein is in full force and effect. An individual authorized by the insurance carrier to do so on its behalf shall sign the original endorsements for each policy and the certificate of insurance.
e. It is understood and agreed by the parties hereto that DEVELOPER's insurance shall be construed as primary insurance, and DISTRICT's insurance and/or deductibles and/or self-insured retentions or self-insured programs shall not be construed as contributory.
f. If, during the term of this Agreement or any extension thereof, there is a material change in the scope of services or there is a material change in the equipment to be used in the performance of the scope of work which will add additional exposures (such as the use of aircraft, watercraft, cranes, Exhibit C
Insurance Requirements ׀ Page 4 of 4
etc.); or the term of this Agreement, including any extensions thereof, exceeds five (5) years, DISTRICT reserves the right to adjust the types of insurance required under this Agreement and the monetary limits of liability for the insurance coverages currently required herein, if, in the DISTRICT Risk Manager's reasonable judgment, the amount or type of insurance carried by DEVELOPER has become inadequate.
g. DEVELOPER shall pass down the insurance obligations contained herein to all tiers of subcontractors working under this Agreement. h. The insurance requirements contained in this Agreement may be met with a program(s) of self-insurance acceptable to DISTRICT.
i. DEVELOPER agrees to notify DISTRICT and CITY of any claim by a third party or any incident or event that may give rise to a claim arising from the performance of this Agreement.
REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: February 24, 2026
Subject: Renewal of a Software License Agreement with Environmental Systems Research Institute (ESRI) for Geographic Information System (GIS) Software Recommendation
Approve and authorize the City Manager to execute an Enterprise Software License Agreement with Environmental Systems Research Institute (ESRI) for Geographic Information System (GIS) on an unlimited basis, including maintenance for the firm, for a term of three years in an amount not to exceed $60,300 annually, totaling $180,900.00 over the three-year term.
Background
The City of Lake Elsinore has been using ArcGIS products from Environmental Systems Research Institute, Inc. (ESRI) to manage its GIS service needs for over 20 years. These products consist of desktop, server, mobile, and web-based applications, which provide city staff with the ability to create, edit, interact with, and publish maps to the City’s GIS websites. This enables the City to provide useful maps and associated statistical data to its staff and its citizens.
Furthermore, critical city services and software platforms used for planning, permitting, and other key City functions depend on the ArcGIS infrastructure stack to function and provide the necessary geospatial data for everyday city operations.
Agreement with ESRI
Discussion
ESRI provides the licensing for its software to the city via an Enterprise Agreement that allows the city to purchase multiple GIS software product licenses as a bundled, fixed-price package and pay off the cost for the software over a three-year period rather than all at once as a lump-sum payment. This agreement also covers all software maintenance, support, and training over the course of the same three-year term.
Fiscal Impact
Annual cost of $60,300 paid out of the Information Systems Internal Services Fund starting FY 2025-2026 and continuing for the next two Fiscal Years.
Attachments
Attachment 1 – ESRI Quote, License Entitlement, and Enterprise Agreement Quotation # Q-548674
Date: February 2, 2026
Environmental Systems Research Institute, Inc.
380 New York St
Redlands, CA 92373-8100
Phone: (909) 793-2853
DUNS Number: 06-313-4175 CAGE Code: 0AMS3
Customer # 1443 Contract #
City of Lake Elsinore
Administrative Services
130 S Main St
Lake Elsinore, CA 92530-4109
To expedite your order, please attach a copy of ATTENTION: Matt Brown this quotation to your purchase order. PHONE: 9516743124 x315 Quote is valid from: 2/2/2026 To: 5/3/2026 EMAIL: [email protected] Material Qty Term Unit Price Total
193206 1 Year 1 $60,300.00 $60,300.00
Populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription 193206 1 Year 2 $60,300.00 $60,300.00
Populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription 193206 1 Year 3 $60,300.00 $60,300.00
Populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription Subtotal: $180,900.00
Sales Tax: $0.00
Estimated Shipping and Handling (2 Day Delivery): $0.00 Contract Price Adjust: $0.00
Total: $180,900.00
Esri may charge a fee to cover expenses related to any customer requirement to use a proprietary vendor management, procurement, or invoice program.
For questions contact:
Peter Thomas
Email:
[email protected]
Phone:
(909) 369-2192
The items on this quotation are subject to and governed by the terms of this quotation, the most current product specific scope of use document found at https://assets.esri.com/content/dam/esrisites/media/legal/product-specific-terms-of-use/e300.pdf, and your applicable signed agreement with Esri. If no such agreement covers any item quoted, then Esri’s standard terms and conditions found at https://go.esri.com/MAPS apply to your purchase of that item. If any item is quoted with a multi-year payment schedule, Esri may invoice at least 30 days in advance of each anniversary date without the issuance or a Purchase Order, and Customer is required to make all payments without right of cancellation. Third-party data sets included in a quotation as separately licensed items will only be provided and invoiced if Esri is able to provide such data and will be subject to the applicable third-party's terms and conditions. If Esri is unable to provide any such data set, Customer will not be responsible for any further payments for the data set. US Federal government entities and US government prime contractors authorized under FAR 51.1 may purchase under the terms of Esri’s GSA Federal Supply Schedule. Supplemental terms and conditions found at https://www.esri.com/en-us/legal/terms/state-supplemental apply to some US state and local government purchases. All terms of this quotation will be incorporated into and become part of any additional agreement regarding Esri’s offerings. Acceptance of this quotation is limited to the terms of this quotation. Esri objects to and expressly rejects any different or additional terms contained in any purchase order, offer, or confirmation sent to or to be sent by buyer. Unless prohibited by law, the quotation information is confidential and may not be copied or released other than for the express purpose of system selection and purchase/license. The information may not be given to outside parties or used for any other purpose without consent from Esri. Delivery is FOB Origin for customers located in the USA.
THOMASP This offer is limited to the terms and conditions incorporated and attached herein.
Esri Use Only:
Cust. Name
Cust. #
PO #
Esri Agreement #
SMALL ENTERPRISE AGREEMENT
COUNTY AND MUNICIPALITY GOVERNMENT
(E214-3)
This Agreement is by and between the organization identified in the Quotation (“Customer”) and Environmental Systems Research Institute, Inc. (“Esri”).
This Agreement sets forth the terms for Customer’s use of Products and incorporates by reference (i) the Quotation and (ii) the Master Agreement. Should there be any conflict between the terms and conditions of the documents that comprise this Agreement, the order of precedence for the documents shall be as follows: (i) the Quotation, (ii) this Agreement, and (iii) the Master Agreement. This Agreement shall be governed by and construed in accordance with the laws of the state in which Customer is located without reference to conflict of laws principles, and the United States of America federal law shall govern in matters of intellectual property. The modifications and additional rights granted in this Agreement apply only to the Products listed in Table A.
Table A
List of Products
Uncapped Quantities (annual subscription)
ArcGIS Enterprise Software and Extensions
ArcGIS Enterprise (Advanced and Standard)
ArcGIS Monitor
ArcGIS Enterprise Extensions: ArcGIS 3D Analyst, ArcGIS Spatial Analyst, ArcGIS Geostatistical Analyst, ArcGIS
Network Analyst, ArcGIS Data Reviewer
ArcGIS Enterprise Additional Capability Servers
ArcGIS Image Server
ArcGIS Online User Types
ArcGIS Online Viewer User Type
ArcGIS Enterprise User Types
ArcGIS Enterprise Viewer User Type
Capped Quantities (annual subscription)
ArcGIS Online User Types ArcGIS Enterprise User Types
ArcGIS Online Contributor User Type 30 ArcGIS Enterprise Contributor User Type 30 ArcGIS Online Mobile Worker User Type 150 ArcGIS Enterprise Mobile Worker User Type 150 ArcGIS Online Creator User Type 150 ArcGIS Enterprise Creator User Type 150 ArcGIS Online Professional User Type 40 ArcGIS Enterprise Professional User Type 40 ArcGIS Online Professional Plus User Type 40 ArcGIS Enterprise Professional Plus User Type 40 ArcGIS Pro (Add-on Apps) for ArcGIS Online Creator or
Professional User Type
ArcGIS Pro (Add-on Apps) for ArcGIS Enterprise
Creator or Professional User Type
ArcGIS 3D Analyst, ArcGIS Data Reviewer,
ArcGIS Geostatistical Analyst, ArcGIS Network
Analyst, ArcGIS Publisher, ArcGIS Spatial
Analyst, ArcGIS Workflow Manager, ArcGIS
Image Analyst
40 each
ArcGIS 3D Analyst, ArcGIS Data Reviewer,
ArcGIS Geostatistical Analyst, ArcGIS Network
Analyst, ArcGIS Publisher, ArcGIS Spatial
Analyst, ArcGIS Workflow Manager, ArcGIS
Image Analyst
40 each
ArcGIS Online Apps and Other ArcGIS Enterprise Apps and Other ArcGIS Location Sharing for ArcGIS Online 40 ArcGIS Location Sharing for ArcGIS Enterprise 40 ArcGIS Online Service Credits 100,000 ArcGIS Advanced Editing User Type Extension for ArcGIS Enterprise 30
Other Benefits
Number of Esri User Conference registrations provided annually 4 Number of Tier 1 Help Desk individuals authorized to call Esri 4 Five percent (5%) discount on all individual commercially available instructor-led training classes at Esri facilities purchased outside this Agreement
Customer may accept this Agreement by signing and returning the whole Agreement with (i) the Quotation attached, (ii) a purchase order, or (iii) another document that matches the Quotation and references this Agreement (“Ordering Document”). ADDITIONAL OR CONFLICTING TERMS IN CUSTOMER’S PURCHASE
ORDER OR OTHER DOCUMENT WILL NOT APPLY, AND THE TERMS OF THIS AGREEMENT WILL GOVERN. This Agreement is effective as of the date of Esri’s receipt of an Ordering Document, unless otherwise agreed to by the parties (“Effective Date”).
Term of Agreement: Three (3) years
This Agreement supersedes any previous agreements, proposals, presentations, understandings, and arrangements between the parties relating to the licensing of the Products. Except as provided in Article 4— Product Updates, no modifications can be made to this Agreement.
Accepted and Agreed:
(Customer)
By:
Authorized Signature
Printed Name:
Title:
Date:
CUSTOMER CONTACT INFORMATION
Contact: Telephone:
Address: Fax:
City, State, Postal Code: E-mail:
Country:
Quotation Number (if applicable):
1.0—ADDITIONAL DEFINITIONS
In addition to the definitions provided in the Master
Agreement, the following definitions apply to this
Agreement:
“Case” means a failure of the Software or Online
Services to operate according to the Documentation
where such failure substantially impacts operational
or functional performance.
“Deploy”, “Deployed” and “Deployment” mean to
redistribute and install the Products and related
Authorization Codes within Customer’s
organization(s).
“Fee” means the fee set forth in the Quotation.
“Maintenance” means Tier 2 Support, Product
updates, and Product patches provided to Customer
during the Term of Agreement.
“Master Agreement” means the applicable master
agreement for Esri Products incorporated by this
reference that is (i) found at https://www.esri.com/enus/legal/terms/full-master-agreement and available in the installation process requiring acceptance by
electronic acknowledgment or (ii) a signed Esri
master agreement or license agreement that
supersedes such electronically acknowledged
master agreement.
“Product(s)” means the products identified in
Table A—List of Products and any updates to the list
Esri provides in writing.
“Quotation” means the offer letter and quotation
provided separately to Customer.
“Technical Support” means the technical
assistance for attempting resolution of a reported
Case through error correction, patches, hot fixes,
workarounds, replacement deliveries, or any other
type of Product corrections or modifications.
“Tier 1 Help Desk” means Customer’s point of
contact(s) to provide all Tier 1 Support within
Customer’s organization(s).
“Tier 1 Support” means the Technical Support
provided by the Tier 1 Help Desk.
“Tier 2 Support” means the Esri Technical Support
provided to the Tier 1 Help Desk when a Case
cannot be resolved through Tier 1 Support.
2.0—ADDITIONAL GRANT OF LICENSE
2.1 Grant of License. Subject to the terms and
conditions of this Agreement, Esri grants to
Customer a personal, nonexclusive,
nontransferable license solely to use, copy, and
Deploy quantities of the Products listed in
Table A—List of Products for the Term of
Agreement (i) for the applicable Fee and (ii) in
accordance with the Master Agreement.
2.2 Consultant Access. Esri grants Customer the
right to permit Customer’s consultants or
contractors to use the Products exclusively for
Customer’s benefit. Customer will be solely
responsible for compliance by consultants and
contractors with this Agreement and will ensure
that the consultant or contractor discontinues
use of Products upon completion of work for
Customer. Access to or use of Products by
consultants or contractors not exclusively for
Customer’s benefit is prohibited. Customer may
not permit its consultants or contractors to install
Software or Data on consultant, contractor, or
third-party computers or remove Software or
Data from Customer locations, except for the
purpose of hosting the Software or Data on
Contractor servers for the benefit of Customer.
3.0—TERM, TERMINATION, AND EXPIRATION
3.1 Term. This Agreement and all licenses
hereunder will commence on the Effective Date
and continue for the duration identified in the
Term of Agreement, unless this Agreement is
terminated earlier as provided herein. Customer
is only authorized to use Products during the
Term of Agreement. For an Agreement with a
limited term, Esri does not grant Customer an
indefinite or a perpetual license to Products.
3.2 No Use upon Agreement Expiration or
Termination. All Product licenses, all
Maintenance, and Esri User Conference
registrations terminate upon expiration or
termination of this Agreement.
3.3 Termination for a Material Breach. Either party
may terminate this Agreement for a material
breach by the other party. The breaching party
will have thirty (30) days from the date of written
notice to cure any material breach.
3.4 Termination for Lack of Funds. For an
Agreement with government or government-
owned entities, either party may terminate this
Agreement before any subsequent year if
Customer is unable to secure funding through
the legislative or governing body’s approval
process.
3.5 Follow-on Term. If the parties enter into
another agreement substantially similar to this
Agreement for an additional term, the effective
date of the follow-on agreement will be the day
after the expiration date of this Agreement.
4.0—PRODUCT UPDATES
4.1 Future Updates. Esri reserves the right to
update the list of Products in Table A—List of
Products by providing written notice to
Customer. Customer may continue to use all
Products that have been Deployed, but support
and upgrades for deleted items may not be
available. As new Products are incorporated into
the standard program, they will be offered to
Customer via written notice for incorporation into
the Products schedule at no additional charge.
Customer’s use of new or updated Products
requires Customer to adhere to applicable
additional or revised terms and conditions in the
Master Agreement.
4.2 Product Life Cycle. During the Term of
Agreement, some Products may be retired or
may no longer be available to Deploy in the
identified quantities. Maintenance will be subject
to the individual Product Life Cycle Support
Status and Product Life Cycle Support Policy,
which can be found at
https://support.esri.com/en/otherresources/product-life-cycle. Updates for Products in the mature and retired phases may
not be available. Customer may continue to use
Products already Deployed, but Customer will
not be able to Deploy retired Products.
5.0—MAINTENANCE
The Fee includes standard maintenance benefits
during the Term of Agreement as specified in the
most current applicable Esri Maintenance and
Support Program document (found at
https://www.esri.com/enus/legal/terms/maintenance). At Esri’s sole discretion, Esri may make patches, hot fixes, or
updates available for download. No Software other
than the defined Products will receive Maintenance.
Customer may acquire maintenance for other
Software outside this Agreement.
a. Tier 1 Support
1. Customer will provide Tier 1 Support
through the Tier 1 Help Desk to all
Customer’s authorized users.
2. The Tier 1 Help Desk will be fully trained in
the Products.
3. At a minimum, Tier 1 Support will include
those activities that assist the user in
resolving how-to and operational questions
as well as questions on installation and
troubleshooting procedures.
4. The Tier 1 Help Desk will be the initial point
of contact for all questions and reporting of a
Case. The Tier 1 Help Desk will obtain a full
description of each reported Case and the
system configuration from the user. This
may include obtaining any customizations,
code samples, or data involved in the Case.
5. If the Tier 1 Help Desk cannot resolve the
Case, an authorized Tier 1 Help Desk
individual may contact Tier 2 Support. The
Tier 1 Help Desk will provide support in such
a way as to minimize repeat calls and make
solutions to problems available to
Customer’s organization.
6. Tier 1 Help Desk individuals are the only
individuals authorized to contact Tier 2
Support. Customer may change the Tier 1
Help Desk individuals by written notice to
Esri.
b. Tier 2 Support
1. Tier 2 Support will log the calls received
from Tier 1 Help Desk.
2. Tier 2 Support will review all information
collected by and received from the Tier 1
Help Desk including preliminary documented
troubleshooting provided by the Tier 1 Help
Desk when Tier 2 Support is required.
3. Tier 2 Support may request that Tier 1 Help
Desk individuals provide verification of
information, additional information, or
answers to additional questions to
supplement any preliminary information
gathering or troubleshooting performed by
Tier 1 Help Desk.
4. Tier 2 Support will attempt to resolve the
Case submitted by Tier 1 Help Desk.
5. When the Case is resolved, Tier 2 Support
will communicate the information to Tier 1
Help Desk, and Tier 1 Help Desk will
disseminate the resolution to the user(s).
6.0—ENDORSEMENT AND PUBLICITY
This Agreement will not be construed or interpreted
as an exclusive dealings agreement or Customer’s
endorsement of Products. Either party may publicize
the existence of this Agreement.
7.0—ADMINISTRATIVE REQUIREMENTS
7.1 OEM Licenses. Under Esri’s OEM or Solution
OEM programs, OEM partners are authorized to
embed or bundle portions of Esri products and
services with their application or service. OEM
partners’ business model, licensing terms and
conditions, and pricing are independent of this
Agreement. Customer will not seek any discount
from the OEM partner or Esri based on the
availability of Products under this Agreement.
Customer will not decouple Esri products or
services from the OEM partners’ application or
service.
7.2 Annual Report of Deployments. At each
anniversary date and ninety (90) calendar days
prior to the expiration of this Agreement,
Customer will provide Esri with a written report
detailing all Deployments. Upon request,
Customer will provide records sufficient to verify
the accuracy of the annual report.
8.0—ORDERING, ADMINISTRATIVE
PROCEDURES, DELIVERY, AND
DEPLOYMENT
8.1 Orders, Delivery, and Deployment
a. Upon the Effective Date, Esri will invoice
Customer and provide Authorization Codes to
activate the nondestructive copy protection
program that enables Customer to download,
operate, or allow access to the Products. If this
is a multi-year Agreement, Esri may invoice the
Fee up to thirty (30) calendar days before the
annual anniversary date for each year.
b. Undisputed invoices will be due and payable
within thirty (30) calendar days from the date of
invoice. Esri reserves the right to suspend
Customer’s access to and use of Products if
Customer fails to pay any undisputed amount
owed on or before its due date. Esri may charge
Customer interest at a monthly rate equal to the
lesser of one percent (1.0%) per month or the
maximum rate permitted by applicable law on
any overdue fees plus all expenses of collection
for any overdue balance that remains unpaid
ten (10) days after Esri has notified Customer of
the past-due balance.
c. Esri’s federal ID number is 95-2775-732.
d. If requested, Esri will ship backup media to the
ship-to address identified on the Ordering
Document, FOB Destination, with shipping
charges prepaid. Customer acknowledges that
should sales or use taxes become due as a
result of any shipments of tangible media, Esri
has a right to invoice and Customer will pay any
such sales or use tax associated with the receipt
of tangible media.
8.2 Order Requirements. Esri does not require
Customer to issue a purchase order. Customer
may submit a purchase order in accordance with
its own process requirements, provided that if
Customer issues a purchase order, Customer
will submit its initial purchase order on the
Effective Date. If this is a multi-year Agreement,
Customer will submit subsequent purchase
orders to Esri at least thirty (30) calendar days
before the annual anniversary date for each
year.
a. All orders pertaining to this Agreement will be
processed through Customer’s centralized point
of contact.
b. The following information will be included in
each Ordering Document:
(1) Customer name; Esri customer number, if
known; and bill-to and ship-to addresses
(2) Order number
(3) Applicable annual payment due
9.0—MERGERS, ACQUISITIONS, OR
DIVESTITURES
If Customer is a commercial entity, Customer will
notify Esri in writing in the event of (i) a
consolidation, merger, or reorganization of Customer
with or into another corporation or entity;
(ii) Customer’s acquisition of another entity; or (iii) a transfer or sale of all or part of Customer’s
organization (subsections i, ii, and iii, collectively
referred to as “Ownership Change”). There will be
no decrease in Fee as a result of any Ownership
Change.
9.1 If an Ownership Change increases the
cumulative program count beyond the maximum
level for this Agreement, Esri reserves the right
to increase the Fee or terminate this Agreement
and the parties will negotiate a new agreement.
9.2 If an Ownership Change results in transfer or
sale of a portion of Customer’s organization, that
portion of Customer’s organization will transfer
the Products to Customer or uninstall, remove,
and destroy all copies of the Products.
9.3 This Agreement may not be assigned to a
successor entity as a result of an Ownership
Change unless approved by Esri in writing in
advance. If the assignment to the new entity is
not approved, Customer will require any
successor entity to uninstall, remove, and
destroy the Products. This Agreement will
terminate upon such Ownership Change.
REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Candice Alvarez, MMC, Secretary
Date: February 24, 2026
Subject: Minutes of the Regular Successor Agency Meeting of February 10, 2026 Recommendation
Approve the Minutes.
Attachments
Attachment 1 – Draft Minutes
City of Lake Elsinore Meeting Date:
City Council Meeting February 10, 2026
Minutes - Draft
Meeting Time:
Closed Session: NONE
Mayor Magee Open Session: 7:00 P.M.
Mayor Pro Tem Sheridan
Council Member Tisdale Cultural Center
Council Member Manos 183 N. Main Street
Council Member Carroll Lake Elsinore, CA 92530
1. CALL TO ORDER – 7:00 OP.M.
The Regular Meetings of the City Council and the Successor Agency were called to order at 7:00 p.m.
2. PLEDGE OF ALLEGIANCE
Mayor Magee led the Pledge of Allegiance.
3. ROLL CALL
Present: 5 - Council/Agency Members Tisdale, Manos, and Carroll; Mayor Pro Tem/Vice Chair Sheridan; and Mayor/Chair Magee
Absent: 0 - None
4. PRESENTATIONS/CEREMONIALS
4.1 Riverside County Sheriff's Office 2025 Fourth Quarter Statistical Update Lieutenant Clark presented the update.
5. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
John Leonard was called to speak.
Kimberly Davidson was called to speak.
City Council Minutes - Draft February 10, 2026
City of Lake Elsinore Page 2
6. CITY COUNCIL CONSENT CALENDAR
Moved by Council Member Tisdale, Seconded by Council Member Carroll to approve the City Council Consent Calendar.
Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Carried (5 to 0)
6.1 Minutes of the Regular City Council Meeting of January 27, 2026 Approve the Minutes.
This item was approved on the City Council Consent Calendar.
6.2 CC Warrant Report Dated January 12, 2026 to January 18, 2026 Receive and file.
This item was approved on the City Council Consent Calendar.
6.3 CC Warrant Report Dated January 19, 2026 to January 25, 2026 Receive and file.
This item was approved on the City Council Consent Calendar.
6.4 County Service Area 152 Setting the Benefit Assessment Unit Rate for Fiscal Year 2026-27 for the City of Lake Elsinore to Fund the City’s National Pollutant Discharge Elimination System (NPDES) Permit Compliance Activities
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, MAINTAINING COUNTY SERVICE AREA 152 AND
AUTHORIZING THE BENEFIT ASSESSMENT UNIT RATE FOR FISCAL YEAR 2026-27 FOR THE CITY OF LAKE ELSINORE TO FUND THE CITY’S NATIONAL
POLLUTION DISCHARGE ELIMINATION SYSTEM (NPDES) PERMIT
PROGRAM.
This item was approved on the City Council Consent Calendar.
City Council Minutes - Draft February 10, 2026
City of Lake Elsinore Page 3
6.5 Lake Elsinore Community Facilities District No. 2015-1 (Safety Services) Declaring Its Intention to Consider Annexing Territory APN Nos. 381-320-020 and 381-320-026 Annexation No. 16
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-1 OF THE CITY OF LAKE
ELSINORE (SAFETY SERVICES), DECLARING ITS INTENTION TO CONSIDER ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2015-1 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES).
This item was approved on the City Council Consent Calendar.
6.6 Annexation No. 28 Into Community Facilities District No. 2015-2 (Maintenance Services) for APN Nos. 381-320-020 and 381-320-026 (Bamiyan Marketplace)
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)
OF THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 28) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN.
This item was approved on the City Council Consent Calendar.
6.7 Fiscal Year 2025-2026 Mid-year Operating Budget Status Report
1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING THE FISCAL YEAR 2025-26 ANNUAL OPERATING BUDGET FOR MID-YEAR ADJUSTMENTS; and
2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, REVISING THE SCHEDULE OF AUTHORIZED POSITIONS.
This item was approved on the City Council Consent Calendar.
6.8 Public Works Agreement with Hester Roofing for the Hard Deck Concrete Roofing System on the New City Hall Project (CIP Project No. Z20006) Approve and authorize the City Manager to execute a Public Works Agreement with Hester Roofing for the hard deck concrete roofing system on the New City Hall Project (CIP Project No. Z20006) in an amount not to exceed $470,820 in such final form as approved by the City Attorney, authorize the City Manager to execute change orders not to exceed a 10% contingency of $47,082 for construction uncertainties and adjustments, and authorize the City Clerk to record the Notice of Completion upon satisfactory completion of the entire scope of work and, thereafter, return the withheld retention to the contractor.
This item was approved on the City Council Consent Calendar.
City Council Minutes - Draft February 10, 2026
City of Lake Elsinore Page 4
6.9 Second Amendment to the On-call Minor Construction and Repair Services Agreements in Support of the City of Lake Elsinore Construction and Maintenance Operations
Approve and authorize the City Manager to execute Amendment No. 2 to the Contractor Services Agreements with Endresen Development, Inc., Cotter Construction, Inc. and B&B Nurseries, Inc. (dba The Landscape Center) to extend the original agreements for an additional 1-year term at the same annual not to exceed amount of $600,000 with Endresen Development, Inc., $500,000 with Cotter Construction, Inc., and $325,000 with B&B Nurseries, Inc. (dba The Landscape Center) in such final form as approved by the City Attorney.
This item was approved on the City Council Consent Calendar.
6.10 Amendment No. 1 to the On-Call Services Agreement with J&M Leyva Enterprises in Support of City of Lake Elsinore Minor Construction, Maintenance, and Operations
Approve and authorize the City Manager to execute Amendment No. 1 to the OnCall Services Agreement with J&M Leyva Enterprises for minor construction and repair Services to increase compensation by an additional $100,000.00 for a total amount not to exceed $200,000.00 in such final form as approved by the City Attorney.
This item was approved on the City Council Consent Calendar.
6.11 Amendment No. 3 to Agreement with Advanced Heating & Air Conditioning for A/C Replacement at Fire Station No. 85
Approve and authorize the City Manager to execute Amendment No. 3 to the OnCall Contractor Services Agreement with Advanced Heating & Air Conditioning for A/C replacement at Fire Station No. 85, increasing the compensation by an additional $14,500.00 for a total amount not to exceed $59,500.00 in such final form as approved by the City Attorney.
This item was approved on the City Council Consent Calendar.
City Council Minutes - Draft February 10, 2026
City of Lake Elsinore Page 5
7. SUCCESSOR AGENCY CONSENT CALENDAR
Moved by Agency Member Carroll, Seconded by Vice Chair Sheridan to approve the Successor Agency Consent Calendar.
Yes (5): Agency Members Tisdale, Manos, and Carroll; Vice Chair Sheridan; and Chair Magee
Carried (5 to 0)
7.1 Minutes of the Regular Successor Agency Meeting of January 27, 2026 Approve the Minutes.
This item was approved on the Successor Agency Consent Calendar.
7.2 SA Warrant Report Dated January 12, 2026 to January 18, 2026 Receive and file.
This item was approved on the Successor Agency Consent Calendar.
7.3 SA Warrant Report Dated January 19, 2026 to January 25, 2026 Receive and file.
This item was approved on the Successor Agency Consent Calendar.
8. PUBLIC HEARING
8.1 Resolutions of Necessity to Acquire Property - APN 374-173-004 (Berthanna Taylor) and APN 373-151-014 (Leticia Cervantes)
1. Conduct a public hearing on the proposed Resolutions of Necessity;
2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, DECLARING THAT THE PUBLIC INTEREST AND
NECESSITY REQUIRE THE ACQUISITION BY EMINENT DOMAIN OF
ASSESSOR PARCEL NO. 373-151-014 FOR THE CITY OF LAKE ELSINORE CITY CENTER PARKING PROJECT; and
3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, DECLARING THAT THE PUBLIC INTEREST AND
NECESSITY REQUIRE THE ACQUISITION BY EMINENT DOMAIN OF
ASSESSOR PARCEL NO. 374-173-004 FOR THE CITY OF LAKE ELSINORE CITY CENTER PARKING PROJECT.
The Public Hearing was opened at 7:14 p.m.
City Attorney Leibold presented the staff report.
City Council Minutes - Draft February 10, 2026
City of Lake Elsinore Page 6
Leticia Cervantes was called to speak.
The Public Hearing was closed at 7:26 p.m.
Moved by Council Member Tisdale, Seconded by Mayor Pro Tem Sheridan to adopt the Resolution in Recommendation No. 2.
Yes (4): Council Members Tisdale and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
No (1): Council Member Manos
Carried (4 to 1
Moved by Council Member Manos, Seconded by Mayor Pro Tem Sheridan to adopt the Resolution in Recommendation No. 3.
Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Carried (5 to 0)
9. BUSINESS ITEMS - NONE
10. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES
Lauren Venerable was called to speak.
11. CITY MANAGER COMMENTS
Assistant City Manager Buckley had no comments.
12. CITY ATTORNEY COMMENTS
City Attorney Leibold had no comments.
13. CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Carroll shared his participation in Opening Day for the Lake Elsinore Girls Softball with Planning Commissioner Martin; and shared his attendance at the Triple Crown Sports West Coast Challenge from February 6-8, 2026 at Rosetta Canyon Sports Park.
Council Member Tisdale thanked Supervisor Speigel for hosting the District 2 Homeless Symposium on February 11, 2026 at Norco College; noted that he will be out working with the City's Homeless Task Force on Thursday night; and reminded residents to dump water after the rain storms to prevent mosquito issues and to contact the Northwest Mosquito and Vector Control District services for mosquito and vector control services.
Council Member Manos reported on his attendance at the Southern California Association of Governments Regional Council meeting on February 5, 2026.
City Council Minutes - Draft February 10, 2026
City of Lake Elsinore Page 7
Mayor Pro Tem Sheridan reported on his attendance at the Riverside Transit Agency TNow meeting on January 28, 2026 at Launch Pointe and Budget & Finance meeting on February 4, 2026; invited the community to attend the Lake Elsinore Historical Society's fourth Ruth Atkins Speaker Series event at 7:00 p.m. on March 25, 2026 in the Cultural Center; shared that he was a guest speaker at the Boys & Girls Club of Southwest County Clubhouse in Lake Elsinore on January 26, 2026; shared his attendance at the Elsinore Valley Champions Special Needs Baseball Opening Day at Christensen Park in Canyon Hills; invited the community to participate in the COPS for Kids Golf Classic on May 1, 2026 at the Glen Ivy Golf Club in Corona; and shared "The Riverside County Chronicles," a journal of the History of Riverside County, California.
Mayor Magee reported on his attendance at the Riverside County Transportation Commission and Executive Committee meetings on January 29, 2026 and the Western Riverside County Regional Conservation Authority meeting on February 2, 2026.
14. ADJOURNMENT
The Lake Elsinore City Council adjourned at 7:50 p.m. to the next Regular meeting of Tuesday, February 24, 2026 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.
Candice Alvarez, MMC
City Clerk
REPORT TO SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: February 24, 2026
Subject: SA Warrant Report Dated January 26, 2026 to February 01, 2026 Recommendation
Receive and file.
Discussion
The Warrant Report lists all general checks issued for the Successors Agency of the Redevelopment Agency of the City of Lake Elsinore for the above-mentioned period.
Attachments
Attachment 1 – SA Warrant Summary
Attachment 2 – SA Warrant List
JANUARY 26, 2026
TO FEBRUARY 01, 2026
CITY OF LAKE ELSINORE SA WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III 102,231.25 $
540 SARDA DIAMOND STADIUM 10,733.80
GRAND TOTAL 112,965.05 $
Attachment 1 1 OF 1
JANUARY 26, 2026
TO FEBRUARY 01, 2026
CITY OF LAKE ELSINORE SA WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001396 LAKE ELSINORE STORM, LP 101,626.25 $
APA26001389 GOLDEN STATE CONCESSIONS & CATERING 10,698.24 APA26001407 SOUTHERN CALIFORNIA EDISON CO. 35.56
10922 KPA SERVICES, LLC 605.00
GRAND TOTAL 112,965.05 $
Attachment 2 1 OF 1
REPORT TO SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: February 24, 2026
Subject: SA Warrant Report Dated February 02, 2026 to February 08, 2026 Recommendation
Receive and file.
Discussion
The Warrant Report lists all general checks issued for the Successors Agency of the Redevelopment Agency of the City of Lake Elsinore for the above-mentioned period.
Attachments
Attachment 1 – SA Warrant Summary
Attachment 2 – SA Warrant Listing
FEBRUARY 02, 2026
TO FEBRUARY 08, 2026
CITY OF LAKE ELSINORE SA WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III 5,632.50 $
540 SARDA DIAMOND STADIUM 12,600.00
GRAND TOTAL 18,232.50 $
Attachment 1 1 OF 1
FEBRUARY 02, 2026
TO FEBRUARY 08, 2026
CITY OF LAKE ELSINORE SA WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001431 HDL COREN & CONE 5,632.50 $
10939 COTTER CONSTRUCTION, INC. 12,600.00
GRAND TOTAL 18,232.50 $
Attachment 2 1 OF 1
REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Date: February 24, 2026
Subject: First Amendment to Legal Services Agreement with Leibold McClendon & Mann, PC
Recommendation
Approve and authorize the Executive Director to execute the First Amendment to Legal Services Agreement with Leibold McClendon & Mann, PC for ongoing legal services to the Successor Agency.
Background
Leibold McClendon & Mann PC (LMM) served as General Counsel to the former Redevelopment Agency of the City of Lake Elsinore from July 1, 1997, until the Agency was dissolved by law on January 31, 2012. Since dissolution, LMM has and continues to provide legal services to the Successor Agency.
Discussion
LMM routinely advises the Successor Agency in connection with its enforceable obligations, including the Summerly DDA and the Diamond Stadium, and compliance with the Dissolution Act.
LMM also routinely represents the Successor Agency in matters before the Riverside Countywide Oversight Board and the California Department of Finance.
In 2024, the Department of Finance requested that the Agreement for legal services to the Successor Agency be documented in a separate standalone agreement distinct from the Legal Services Agreement to the City (“City Agreement”). The Agreement for Legal Services to the Successor Agency was approved by the Successor Agency on October 22, 2024.
First Amendment to Legal Services Agreement
On January 27, 2026, the City Council met in Closed Session to review the performance of the City Attorney and authorized and directed the City Attorney to prepare an update to the City LMM routinely advises the Successor Agency in connection with its enforceable obligations, including the Summerly DDA and the Diamond Stadium, and compliance with the Dissolution Act. LMM also routinely represents the Successor Agency in matters before the Riverside Countywide Oversight Board and the California Department of Finance.
In 2024, the Department of Finance requested that the Agreement for legal services to the Successor Agency be documented in a separate standalone agreement distinct from the Legal Services Agreement to the City (“City Agreement”). The Agreement for Legal Services to the Successor Agency was approved by the Successor Agency on October 22, 2024.
On January 27, 2026, the City Council met in Closed Session to review the performance of the City Attorney and authorized and directed the City Attorney to prepare an update to the City Agreement. The Amended and Restated City Agreement is included on the City Council Consent Calendar.
The purpose of the proposed First Amendment is to conform the Successor Agency Legal Services Agreement to the City Agreement and to continue the relationship with LMM as Agency Counsel. There is no change to the scope of services which includes all matters relating to the Recognized Obligations Payment Schedule (ROPS), implementation of enforceable obligations (including the Summerly DDA and Stadium obligations), and real property transactions.
LMM has provided excellent services to the Successor Agency and has successfully defended the Successor Agency’s interests against Department of Finance challenges. LMM possesses the expertise and institutional knowledge necessary to serve the best interests of the Successor Agency.
Fiscal Impact
Funds for these services to the Successor Agency are paid with RPTTF allocated for administrative costs and enforceable obligations through the ROPS process.
Attachments
Attachment 1 – First Amendment
Attachment 2 – Legal Services Agreement
LMM 1st Amend to Legal Services Agreement - Successor Agency
FIRST AMENDMENT TO LEGAL SERVICES AGREEMENT
This First Amendment to the Legal Services Agreement (“First Amendment”), dated for identification purposes as of January 1, 2026 (“Date of First Amendment”), is entered into by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore, a public body, corporate and politic (the “Agency”), on the one hand, and Leibold, McClendon & Mann, a professional corporation (“LMM”), on the other hand.
RECITALS
A. By that certain Legal Services Agreement dated October 22, 2024 (the “Agreement”), the Agency engaged LMM to perform the duties of the office of the General Counsel to the Agency. Capitalized terms not otherwise defined herein shall be as defined in the Agreement unless otherwise designated.
B. The Agency and LMM mutually desire to amend the Agreement as set forth in this First Amendment.
NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein and incorporating the above Recitals, Agency and LMM agree as follows:
AGREEMENT
1. Exhibit A “Schedule of Charges” is amended and restated in its entirety as attached hereto.
2. Except as provided herein, the terms and conditions set forth in the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF the parties have caused this First Amendment to be executed on the date first written above.
SUCCESSOR AGENCY OF THE LEIBOLD MCCLENDON &
REDEVELOPMENT AGENCY OF THE MANN, P.C.
CITY OF LAKE ELSINORE
By: Jason Simpson, Executive Director By: Barbara Leibold, Shareholder ATTEST:
Candice Alvarez, MMC, Agency Secretary
LMM 1st Amend to Legal Services Agreement - Successor Agency EXHIBIT “A”
SCHEDULE OF CHARGES
Legal Services. Commencing as of the Date of First Amendment, LMM shall be compensated by Agency for the performance of Legal Services at a public law rate of $370 per hour for attorneys and $185 per hour for paralegals.
Third Party Reimbursements. All legal services provided to the Agency for which the Agency receives reimbursement from a third party, as determined according to the mutual agreement of the parties on a case-by-case basis, shall be billed at $575 for Shareholder/Of Counsel and $475 for associate attorneys. If LMM believes that a matter falls within the reimbursed services category, LMM shall first seek approval from the Agency Executive Director.
Issuer’s Counsel for Municipal Bonds. Commencing as of the Date of First Amendment all legal services provided in connection with any bond financing shall be compensated at the rate of $595 per hour for attorneys and $185 per hour for paralegals.
Adjustments to Rates. On July 1, 2027, all rates provided in this Exhibit shall be automatically adjusted for changes in the cost of living for the most recently published eighteen (18) month period, as shown by the U.S. Department of Labor in its All Urban Consumer Index set forth for the Riverside area.
Commencing July 1, 2028, and every July 1 thereafter during the Term of the Agreement, all rates provided in this Exhibit shall be automatically adjusted for changes in the cost of living for the most recently published twelve (12) month period, as shown by the U.S. Department of Labor in its All Urban Consumer Index set forth for the Riverside area.
Cost Reimbursement.
The Agency shall reimburse LMM for all reasonable and necessary out-of-pocket expenses incurred by LMM in providing legal services. Authorized reimbursable expenses shall include, but are not limited to, printing and copying expenses (at $0.15 per page, or at cost if provided by third party copy services), mileage expenses at the rate allowed by the Internal Revenue Service (except as provided below), court fees, computerized research time (e.g., Lexis or Westlaw), extraordinary mail or delivery costs (e.g., courier, overnight and express delivery), actual fees and expenses (no mark-up) for consultants retained by LMM, and similar costs relating to the services that are generally chargeable to a client. However, no separate charge shall be made by LMM for secretarial or word processing services, and no mileage shall be charged for attendance at any meeting scheduled within the City of Lake Elsinore.
1 AGREEMENT FOR LEGAL SERVICES
This Agreement for Legal Services (the “Agreement”) is made and entered into as of the 22nd day of October, 2024, by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore, a public body, corporate and politic (the “Agency”), on the one hand, and Leibold, McClendon & Mann, a professional corporation (“LMM”), on the other hand.
RECITALS
A. The former Redevelopment Agency of the City of Lake Elsinore engaged LMM to perform the duties of the office of Agency General Counsel by Agreement dated July 1, 1997 and by amendment thereafter.
B. LMM served as General Counsel to the former Redevelopment Agency of the City of Lake Elsinore from July 1, 1997 until the Agency was dissolved on January 31, 2012, pursuant to Assembly Bill 1x 26, as amended by AB 1484. Since its dissolution, LMM has provided legal services to the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore.
C. LMM possesses the skill, experience, ability, background, certification and knowledge to provide the services described in this Agreement on the terms and conditions described herein.
D. Agency and LMM desire to enter into this Agreement to provide for continuity in the provision of legal services to the Agency.
AGREEMENT
1. Scope of Services. By this Agreement, Agency retains LMM to perform the duties of Agency General Counsel. LMM shall provide said services at the time, place, and in the manner subject to the direction of the Agency Board. In connection with the performance of the duties of the Agency General Counsel, Agency agrees to be truthful with LMM, to cooperate with LMM’s representation, and to make available, in prompt and businesslike manner, all necessary and available documentation and background data as may be necessary from time to time.
2. Term of Agreement. The terms and conditions under this Agreement shall commence on July 1, 2024 and shall continue thereafter until amended or terminated by written agreement.
3. Compensation. Compensation to be paid to LMM shall be in accordance with the Schedule of Charges set forth in Exhibit A, which is attached hereto and incorporated herein by reference.
4. Method of Payment. LMM shall submit monthly billings to Agency describing the work performed during the preceding month. LMM’s bills shall include a brief description of the services performed, the date the services were performed, the number of hours spent and by whom, and a description of any reimbursable expenditures. Services will be billed in increments of one-tenth (1/10th) of an hour. Agency shall pay LMM no later than 30 days after approval of the monthly invoice by the Agency Executive Director or designee.
5. Termination. LMM serves at the will of the Agency Board. This Agreement may be terminated by the Agency immediately for cause or by either party without cause upon thirty (30) 2 SA Counsel. Legal Services Agreement
days’ written notice of termination. Upon termination, LMM shall be entitled to compensation for services performed up to the effective date of termination.
6. Ownership of Documents. All writings prepared by LMM in the course of implementing this Agreement, except working notepad, preliminary draft and internal documents, are the property of the Agency.
7. LMM’s Books and Records.
a. LMM shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services, or expenditures and disbursements charged to Agency for a minimum period of three (3) years, or for any longer period required by law, from the date of payment to LMM under this Agreement. b. LMM shall maintain all documents and records which demonstrate performance under this Agreement for a minimum period of three (3) years, or for any longer period required by law, from the date of termination of this Agreement.
c. Any records or documents required to be maintained pursuant to this Agreement shall be made available for inspection or audit by the Agency Executive Director, Agency Auditor or Agency Member(s), at any time during regular business hours, upon written request by the Agency Council. Copies of such documents shall be provided to the Agency for inspection at Agency Hall when it is practical to do so. Otherwise, unless an alternative is mutually agreed upon, the records shall be available at LMM’s address indicated for receipt of notices in this Agreement. Nothing herein shall require or permit the release or inspection of any privileged document without the express written waiver of such privilege by the Agency Board. d. Where Agency has reason to believe that such records or documents may be lost or discarded due to dissolution, disbandment or termination of LMM’s business, Agency may, by written request by any of the above-named officers, require that custody of the records be given to the Agency and that the records and documents be maintained in Agency Hall.
8. Independent Contractor. It is understood that LMM, in the performance of the work and services agreed to be performed, shall act as and be an independent contractor and shall not act as an agent or employee of the Agency. LMM shall obtain no rights to retirement benefits or other benefits which accrue to Agency’s employees, and LMM hereby expressly waives any claim it may have to any such rights.
9. Interests of LMM. LMM (including principals, associates and professional employees) covenants and represents that it does not now have any investment or interest in real property and shall not acquire any interest, direct or indirect, in the area covered by this Agreement or any other source of income, interest in real property or investment which would be affected in any manner or degree by the performance of LMM’s services hereunder. LMM further covenants and represents that in the performance of its duties hereunder no person having any such interest shall perform any services under this Agreement.
10. Professional Ability of LMM. Agency has relied upon the professional training and ability of LMM to perform the services hereunder as a material inducement to enter into this Agreement.
LMM shall therefore provide properly skilled professional and technical personnel to perform all 3 SA Counsel. Legal Services Agreement
services under this Agreement. All work performed by LMM under this Agreement shall be in accordance with applicable legal requirements and shall meet the standard of quality ordinarily to be expected of competent professionals in LMM’s field of expertise.
11. Compliance with Laws. LMM shall use the standard of care in its profession to comply with all applicable federal, state and local laws, codes, ordinances and regulations.
12. Licenses. LMM represents and warrants to Agency that it has the licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of LMM to practice its profession. LMM represents and warrants to Agency that LMM shall, at its sole cost and expense, keep in effect or obtain at all times during the term of this Agreement, any licenses, permits, insurance and approvals which are legally required of LMM to practice its profession.
13. Indemnity. LMM agrees to defend, indemnify and hold harmless the Agency, its officers, officials, agents, employees and volunteers from and against any and all claims, demands, actions, losses, damages, injuries, and liability, direct or indirect (including any and all costs and expenses in connection therein), arising out of the performance of this Agreement or its failure to comply with any of its obligations contained in this Agreement, except for any such claim arising out of the sole negligence or willful misconduct of the Agency, its officers, agents, employees or volunteers.
14. Professional Liability Coverage. LMM shall maintain professional errors and omissions liability insurance for protection against claims alleging negligent acts, errors or omissions which may arise from LMM’s operations under this Agreement, whether such operations by the LMM or by its employees, subcontractors, or subconsultants. The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single limit per occurrence basis.
15. Notices. Any notice required to be given under this Agreement shall be in writing and either served personally or sent prepaid, first class mail. Any such notice shall be addressed to the other party at the address set forth below. Notice shall be deemed communicated within 48 hours from the time of mailing if mailed as provided in this section.
If to Agency: Successor Agency of the Redevelopment Agency of the City of Lake Elsinore
Attn: Agency Executive Director
130 South Main Street
Lake Elsinore, CA 92530
If to LMM: Leibold, McClendon & Mann, P.C.
Attn: Barbara Leibold
9841 Irvine Center Drive, Suire 230
Irvine, CA 92680
16. Entire Agreement. This Agreement is an amendment and restatement of the Existing Agreement and constitutes the complete and exclusive statement of Agreement between the Agency and LMM. All prior written and oral communications, including the Existing Agreement, correspondence, drafts, memoranda, and representations, are superseded in total by this Agreement. 4 SA Counsel. Legal Services Agreement
17. Amendments. This Agreement may be modified or amended only by a written document executed by both LMM and Agency and approved as to form by the Agency Counsel.
18. Assignment and Subcontracting. The parties recognize that a substantial inducement to Agency for entering into this Agreement is the professional reputation, experience and competence of LMM. LMM shall be fully responsible to Agency for all acts or omissions of any subcontractors.
Assignments of any or all rights, duties or obligations of the LMM under this Agreement will be permitted only with the express consent of the Agency. LMM shall not subcontract any portion of the work to be performed under this Agreement without the written authorization of the Agency. If Agency consents to such subcontract, LMM shall be fully responsible to Agency for all acts or omissions of those subcontractors. Nothing in this Agreement shall create any contractual relationship between Agency and any subcontractor nor shall it create any obligation on the part of the Agency to pay or to see to the payment of any monies due to any such subcontractor other than as otherwise is required by law.
19. Waiver. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver of a subsequent breach of the same or any other provision under this Agreement.
20. Severability. If any term or portion of this Agreement is held to be invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions of this Agreement shall continue in full force and effect.
21. Controlling Law Venue. This Agreement and all matters relating to it shall be governed by the laws of the State of California and any action brought relating to this Agreement shall be held exclusively in a state court in the County of Riverside.
22. Litigation Expenses and Attorneys’ Fees. If either party to this Agreement commences any legal action against the other party arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable litigation expenses, including court costs, expert witness fees, discovery expenses, and attorneys’ fees.
23. Mediation. The parties agree to make a good faith attempt to resolve any disputes arising out of this Agreement through mediation prior to commencing litigation. The parties shall mutually agree upon the mediator and share the costs of mediation equally. It the parties are unable to agree upon a mediator, the dispute shall be submitted to JAMS/ENDISPUTE (“JAMS”) or its successor in interest. JAMS shall provide the parties with the names of five qualified mediators. Each party shall have the option to strike two of the five mediators selected by JAMS and thereafter the mediator remaining shall hear the dispute. If the dispute remains unresolved after mediation, either party may commence litigation.
24. Execution. This Agreement may be executed in several counterparts, each of which shall constitute one and the same instrument and shall become binding upon the parties when at least one copy hereof shall have been signed by both parties hereto. In approving this Agreement, it shall not be necessary to produce or account for more than one such counterpart.
25. Authority to Enter Agreement. LMM has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and to bind each respective party.
5 SA Counsel. Legal Services Agreement
26. Prohibited Interests. LMM maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for LMM, to solicit or secure this Agreement. Further, LMM warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for LMM, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, Agency shall have the right to rescind this Agreement without liability. For the term of this Agreement, no member, officer or employee of Agency, during the term of his or her service with Agency, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.
27. Equal Opportunity Employment. LMM represents that it is an equal opportunity employer and it shall not discriminate against any subcontractor, employee or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex or age. Such nondiscrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination. LMM shall also comply with all relevant provisions of Agency’s Minority Business Enterprise program, Affirmative Action Plan or other related programs or guidelines currently in effect or hereinafter enacted.
IN WITNESS WHEREOF the parties have caused this Agreement to be executed on the date first written above.
SUCCESSOR AGENCY OF THE /: LEIBOLD, REDEVELOPMENT
AGENCY OF THE MCCLENDON & MANN, P.C.
CITY OF LAKE ELSINORE:
____________________________________
__________________
___________
By: Jason Simpson, Executive Director By: Barbara Leibold ATTEST:
________________________
Agency Secretary
EXHIBIT “A”
SCHEDULE OF CHARGES
Legal services provided to the Successor Agency shall be compensated at a rate of $325 per hour for shareholder/partner attorneys and $275 for associate attorneys; services provided by paralegals shall be compensated at a rate of $120 per hour.
Third Party Reimbursements. All legal services provided to the Agency for which the Agency receives reimbursement from a third party, as determined according to the mutual agreement of the parties on a case-by-case basis, shall be billed at LMM’s then current published standard private client rates, minus ten percent (10%). If LMM believes that a matter falls within the reimbursed services category, LMM shall first seek approval from the Agency Executive Director.
Adjustments to Rates. The rates provided in this Exhibit shall be automatically adjusted as follows:
On July 1, 2025 and every July 1st thereafter during the term of the Agreement, all rates shall be adjusted for changes in the cost of living for the most recently published twelve (12) month period, as shown by the U.S. Department of Labor in its All Urban Consumer Index set forth for the Riverside area.
Cost Reimbursement and Exceptions. The Agency shall reimburse LMM for all reasonable and necessary out-of-pocket expenses incurred by LMM in providing legal services. Authorized reimbursable expenses shall include, but are not limited to, printing and copying expenses (at $0.15 per page, or at cost if provided by third party copy services), mileage expenses at the rate allowed by the Internal Revenue Service (except as provided below), court fees, computerized research time (e.g., Lexis or Westlaw), extraordinary mail or delivery costs (e.g., courier, overnight and express delivery), actual fees and expenses (no mark-up) for consultants retained by LMM, and similar costs relating to the services that are generally chargeable to a client. However, no separate charge shall be made by LMM for secretarial or word processing services, and no mileage shall be charged for attendance at any meeting scheduled within the City of Lake Elsinore.
REPORT TO SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: February 24, 2026
Subject: SA Investment Report for January 2026
Recommendation
Receive and file the Investment Report for January 2026 Background and Discussion
The Investment Report is a listing of all funds invested in the City of Lake Elsinore and includes funds held for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report. The Review of Investment Performance for the quarter ended December 31, 2025, is included
Fiscal Impact
No fiscal impact.
Attachments
Attachment 1 – Investment Report for January 2026
CITY OF LAKE ELSINORE
INVESTMENT REPORT
BANK DEPOSITS OUTSTANDING BOOK
CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:
General Checking Account $ 20,568,910 $ 66,224 $ (37,704) $ 20,597,430 Cash On Hand:
Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 20,568,910 66,224 (37,704) 20,599,730
INVESTMENTS
Local Agency Investment Funds 53,649,513 - - 53,649,513 CAMP Investments:
CAMP Pool Account 133,288 - - 133,287.76
U.S. Treasury Bond / Note 26,571,874 - - 26,571,874.05
Municipal Bond / Note 200,000 - - 200,000.00
Federal Agency Commercial Mortgage-Backed Security 8,349,986 - - 8,349,985.98 Federal Agency Bond / Note - - - -
Corporate Note 13,896,959 - - 13,896,959.07
Certificate of Deposit - - - -
Bank Note 525,525 - - 525,525.00
Asset-Backed Security 6,409,671 - - 6,409,671.45
Sub-total Investments 109,736,817 - - 109,736,817
Market Value Adjustment:
Unrealized Gain/(Loss) at 12/31/2025 1,266,728 - - 1,266,728 Total Investments 111,003,545 - - 111,003,545
Total Pooled Cash and Investments $ 131,572,455 $ 66,224 $ (37,704) $ 131,603,275 TOTAL POOLED CASH AND INVESTMENTS $ 131,603,275
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 24, 2025. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures.
Jason P. Simpson February 13, 2026
City Manager Date
C I T Y O F L A K E E L S I N O R E
INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF JANUARY 31, 2026
FUND NO FUND NAME AMOUNT
100 General $ 12,671,633
102 Measure Z 13,702,210
106 Affordable Housing In Lieu 1,573,460
109 Road Maintenance and Rehabilitation (SB1) 1,445,567 110 State Gas Tax 1,027,864
112 Measure A 1,120,456
114 SB1186 CASP Education Program 91,054
116 City Hall-Public Works DIF 521,234
117 Community Center DIF 635,175
118 Lake Side Facility DIF 1,013,633
119 Animal Shelter DIF 23,939
121 T.R.I.P.-2014A 2,637
135 Lighting & Landscape Maintenance - Dist. No. 1 2,428,202 140 Geothermal 13,267
160 PEG Grant 1,763
202 La Strada RBBD 27,059
203 E.L.S.P. - S.T.I.F. 3,815,765
205 Traffic Impact Fee 616,732
211 Storm Drain C.I.P. 2,077,057
221 Quimby Park C.I.P. 32,091
231 Library C.I.P. 969,392
232 City Fire Protection 1,487,885
300 Insurance Service 1,396,277
305 Information Systems Service 3,583,973
310 Support Service 74,861
315 Fleet Service 1,044,588
320 Facilities Service 3,214,588
331 CFD 2006-1CC Summerly Improvement Area CC 87,790
332 CFD 2006-1 Improvement Area B, Summerly 84,219
333 CFD 2015-4 Terracina 678,942
334 CFD 2015-5 Trieste - Far West Industries 77,118
335 CFD 2003-2E Canyon Hills Improvement Area E 85,663
336 CFD 2006-1FF Summerly Improvement Area FF 109,136
337 CFD 2016-2 Canyon Hills 669,706
338 CFD 2006-1 IA-JJ Summerly Improvement Area 173,468
339 CFD 2006-1 IA-KK Summerly Improvement Area 134,347
340 CFD 2006-1 IA-EE Summerly Improvement Area 145,033
345 CFD 2003-2 Improvement Area D, Canyon Hills 992,600 346 CFD 2014-1 Southshore 65,652
347 CFD 2006-1 Improvement Area A, Summerly 115,681
C I T Y O F L A K E E L S I N O R E
POOLED CASH AND INVESTMENTS BY FUND
AS OF JANUARY 31, 2026
FUND NO FUND NAME AMOUNT
C I T Y O F L A K E E L S I N O R E
POOLED CASH AND INVESTMENTS BY FUND
AS OF JANUARY 31, 2026
350 CFD 98-1 Summerhill 571,468
351 CFD 2006-1 IA-II Summerly Improvement 213,964
354 CFD 90-2 Tuscany Hills 543
355 RAD 2021-1 Canyon Hills Improvement 475,527
357 CFD 2003-2 Canyon Hills Improvement Area 459,929
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 7,010 361 CFD 2022-2 Lakeshore Improvement 5,918
364 CFD 2023-2 Coastal Mission Trail Improvement 6,553
366 CFD 2005-6 City Center Townhomes 178,331
368 CFD 2006-2 Viscaya 236,914
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 829,330 370 CFD 2006-1 IA-HH Summerly Improvement 160,702
371 CFD 2005-1 Serenity 294,302
372 CFD 2005-2 Alberhill Ranch Improvement Area 842,996 374 CFD 2005-4 Lakeview Villas 2,178
375 CFD 2006-4 Clurman 156,265
377 CFD 2006-6 Tessara 106,034
378 CFD 2006-8 Running Deer Estates 116,124
379 CFD 2022-1 Alberhill 268,411
384 CFD 2003-2 Area B Canyon Hills Improvement Area 913,697 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 996,946 386 CFD 2007-4 Mekenna Court 86,591
387 CFD 2007-5 Red Kite 56,450
388 CFD 2007-6 Holiday Inn Express 2,365
390 CFD 2003-2 Area C Canyon Hills Improvement Area 387,585 392 CFD 95-1 City Center 1,426
394 CFD 2005-5 (2012A) Wasson Canyon 146,851
395 CFD 2018-1 Wasson Canyon II Improvement Area 367
396 CFD 2018-2 Nichols Ranch Improvement Area 269,176
397 CFD 2018-3 Village at Lakeshore 188,785
500 Capital Improvement Plan 9,377,236
540 Successor To RDA Diamond Stadium 777,276
603 Endowment Trust - Carl Graves 72,382
604 Endowment Trust - Korn Memorial 38,124
605 Public Improvement Trust 3,293,852
606 Mobile Source Air Polution Reduction 269,840
608 Trust Deposit & Pre Paid Expense 1,847,656
617 Successor Agency Housing 42,574,349
620 Cost Recovery System 6,957,895
631 Lake Destratification Equipment Replacement 371,488
FUND NO FUND NAME AMOUNT
C I T Y O F L A K E E L S I N O R E
POOLED CASH AND INVESTMENTS BY FUND
AS OF JANUARY 31, 2026
655 CFD 2015-1s Law, Fire, Paramedic Services 10,500
Total Pooled Cash & Investments $ 131,603,275
MAXIMUM DIVERSIFICATION CURRENT
TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.12% $ 133,288
U.S. Treasury Bond / Note Unlimited 24.21% $ 26,571,874 Supra-National Agency Bond / Note 30% 0.00% $ -
Municipal Bond / Note Unlimited 0.18% $ 200,000
Federal Agency Collaterized Mortgage Obligation 40% 7.61% $ 8,349,986 Federal Agency Bond / Note Unlimited 0.00% (1) $ -
Banker's Acceptance 40.00% 0.00% $ -
Corporate Note (Includes Bank Note) 30% 13.14% $ 14,422,484 Commercial Paper 25% 0.00% $ -
Negotiable Certificates of Deposit 30% 0.00% $ -
Asset-Backed Security / Collaterized Mortgage 20% 5.84% $ 6,409,671 Repurchase Agreements Unlimited 0 $ -
Reverse Repurchase Agreements 10.00% 0.00% $ -
LAIF (Local Agency Investment Funds) $150 Million 48.89% (2) $ 53,649,513 Placement Service Deposits (PDS) 30% 0.00% $ -
TOTAL 100.00% $ 109,736,817
Note:
(1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. (2) Investment in LAIF may not exceed $75 million in each agency.
C I T Y O F L A K E E L S I N O R E
SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING JANUARY 31, 2026
Local Agency Investment Fund
PMIA/LAIF Performance Report
as of 02/05/26
Quarterly Performance
Quarter Ended 12/31/25
PMIA Average Monthly
Effective Yields(1)
LAIF Apportionment Rate(2): 4.20 January 3.931
LAIF Earnings Ratio(2): 0.00011512010685708 December 4.025 LAIF Administrative Cost(1)*: 0.27 November 4.096
LAIF Fair Value Factor(1): 1.002181483 October 4.150
PMIA Daily(1): 3.97 September 4.212
PMIA Quarter to Date(1): 4.09 August 4.251
PMIA Average Life(1): 244
Pooled Money Investment Account
Monthly Portfolio Composition (1)
12/31/25
$162.6 billion
Time
Deposits
3.25%
Commercial
Paper
5.38%
Corporate
Bonds
0.58%
Loans
0.16%
Certificates of
Deposit/Bank Notes
9.22%
Treasuries
56.48%
Agencies
24.93%
Chart does not include $910,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Daily rates are now available here. View PMIA Daily Rates Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) .
*The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.
Source:
(1) State of California, Office of the Treasurer
(2) State of California, Office of the Controller
Yield Purchase Date Maturity Rate
4.150% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ 60,435,255 $ (5,549,676) $ 54,885,578 Note:
Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained.
C I T Y O F L A K E E L S I N O R E
LOCAL AGENCY INVESTMENT FUND
TRANSACTION SUMMARY
FOR THE MONTH ENDING OCTOBER 31, 2025
CAMP
Investment Portfolio
Account Statement - Transaction Summary For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
954,567.99
836,861.82
(1,658,142.05)
0.00 $133,287.76
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 806.73
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
56,182,421.48
1,635,886.28
(742,689.27)
(32,007.99)
$57,043,610.50
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 163,156.39
January 31, 2026 December 31, 2025
Asset Summary
CAMP Pool 133,287.76 954,567.99
CAMP Managed Account 57,043,610.50 56,182,421.48
Total $57,176,898.26 $57,136,989.47
Asset Allocation
0.23%
CAMP Pool
99.77%
CAMP Managed
Account
PFM Asset Management, a division of Page 1
U.S. Bancorp Asset Management, Inc.
Managed Account Summary Statement For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
$954,567.99
836,861.82
(1,658,142.05)
$133,287.76
806.73
$56,182,421.48
(174,189.27)
(568,500.00)
1,635,886.28
0.00 (32,007.99)
$57,043,610.50
$57,136,989.47
$57,176,898.26
138,468.66
(16,630.43)
41,318.16
$163,156.39
0.00 568,769.34
138,199.32
174,189.27
(1,652,516.71)
771,358.78
0.00 Managed Account Total
56,458,537.63 56,591,825.39
267,226.76
568,769.34
174,189.27
138,199.32
(1,652,516.71)
(55,525,582.84)
(216,153.83)
0.00 267,226.76
2,226,911.39
174,189.27
138,199.32
(2,489,378.53)
(56,480,150.83)
(216,153.83)
806.73
Total Accrual Basis Earnings $212,668.94 $213,475.67
Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $0.00
PFM Asset Management, a division of Page 2
U.S. Bancorp Asset Management, Inc.
Portfolio Summary and Statistics For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 27,575,000.00 27,109,011.78 47.42 Municipal Bond / Note 200,000.00 202,622.60 0.35
Federal Agency Commercial
Mortgage-Backed Security
8,473,670.54 8,577,977.22 15.00
Corporate Note 14,056,000.00 14,162,737.26 24.77
Bank Note 525,000.00 531,847.05 0.93
Asset-Backed Security 6,406,789.46 6,459,414.59 11.30
Managed Account Sub-Total 57,236,460.00 57,043,610.50 99.77% Accrued Interest 267,226.76
Total Portfolio 57,236,460.00 57,310,837.26
CAMP Pool 133,287.76 133,287.76 0.23
Total Investments 57,369,747.76 57,444,125.02 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation
11.30%
ABS
0.93%
Bank Note
24.26%
Corporate Note
15.00%
Federal Agency
Commercial
Mortgage-Backed
Security
0.23%
Joint Powers
Authority
0.35%
Muni Bond / Note
0.51%
Priv Placement
Bond
47.42%
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
0.61%
3.29%
8.63%
41.90%
31.38%
14.19%
0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1060
4.24%
3.76%
PFM Asset Management, a division of Page 3
U.S. Bancorp Asset Management, Inc.
Managed Account Issuer Summary For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Credit Quality (S&P Ratings)
4.46%
A
7.91%
A+
4.23%
A1.82%
AA
63.77%
AA+
4.26%
AA9.51%
AAA
0.23%
AAAm
0.71%
BBB+
3.10%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 384,977.25 0.67
Air Products and Chemicals Inc 346,408.66 0.61
Amazon.com Inc 575,052.33 1.01
American Express Co 1,404,142.36 2.46
Analog Devices Inc 405,456.00 0.71
Apple Inc 766,594.35 1.34
BA Credit Card Trust 605,025.19 1.06
Bank of America Corp 688,576.16 1.20
Bank of New York Mellon Corp 467,465.08 0.82
Bayerische Motoren Werke AG 172,563.30 0.30
Berkshire Hathaway Inc 467,876.90 0.82
BlackRock Inc 793,078.43 1.39
Bristol-Myers Squibb Co 211,550.29 0.37
CAMP Pool 133,287.76 0.23
Capital One Financial Corp 490,869.26 0.86
CarMax Inc 10,048.36 0.02
Caterpillar Inc 221,049.90 0.39
Charles Schwab Corp 298,160.70 0.52
Cisco Systems Inc 430,741.50 0.75
Citigroup Inc 1,341,391.80 2.35
Deere & Co 385,245.38 0.67
Discover Card Execution Note Trust 671,641.84 1.17
Federal Home Loan Mortgage Corp 8,050,462.19 14.07
Federal National Mortgage Association 527,515.03 0.92
Fifth Third Auto Trust 192,994.55 0.34
Ford Credit Auto Owner Trust 44,006.22 0.08
GM Financial Consumer Automobile Receiv 118,911.58 0.21 Harley-Davidson Inc 43,917.02 0.08
Home Depot Inc 384,507.75 0.67
Honda Auto Receivables Owner Trust 324,731.05 0.57
Honda Motor Co Ltd 403,688.00 0.71
JPMorgan Chase & Co 408,363.53 0.71
PFM Asset Management, a division of Page 4
U.S. Bancorp Asset Management, Inc.
Managed Account Issuer Summary For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
Lockheed Martin Corp 60,767.70 0.11
Mars Inc 117,493.32 0.21
Mercedes-Benz Auto Receivables Trust 557,271.55 0.97
Microsoft Corp 747,563.25 1.31
Morgan Stanley 531,847.05 0.93
National Australia Bank Ltd 501,115.00 0.88
National Rural Utilities Cooperative Fi 347,140.15 0.61 Nissan Auto Receivables Owner Trust 23,664.23 0.04
Northern Trust Corp 575,017.25 1.01
Novartis AG 510,025.50 0.89
PACCAR Inc 407,248.00 0.71
Porsche Innovative Lease Owner 101,075.00 0.18
Shell PLC 574,092.65 1.00
State of California 202,622.60 0.35
State Street Corp 205,471.60 0.36
Target Corp 39,371.72 0.07
Texas Instruments Inc 86,323.79 0.15
TotalEnergies SE 575,009.78 1.01
Toyota Auto Receivables Owner Trust 213,686.31 0.37
Toyota Motor Corp 380,884.88 0.67
United States Treasury 27,109,011.78 47.40
UnitedHealth Group Inc 223,315.65 0.39
Verizon Master Trust 418,271.03 0.73
Wells Fargo & Co 407,610.00 0.71
WF Card Issuance Trust 490,698.75 0.86
Total $57,176,898.26 100.00%
PFM Asset Management, a division of Page 5
U.S. Bancorp Asset Management, Inc.
Managed Account Detail of Securities Held For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
U.S. Treasury Bond / Note
US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
912828U24 75,000.00 AA+ Aa1 01/13/23 01/17/23 70,441.41 3.72 323.20 74,064.15 74,075.40
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 225,000.00 AA+ Aa1 07/01/24 07/03/24 198,641.60 4.49 248.62 208,526.38 213,073.20
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,275,000.00 AA+ Aa1 09/04/24 09/06/24 1,169,364.26 3.59 1,408.84 1,206,569.46 1,207,414.80
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,300,000.00 AA+ Aa1 08/01/24 08/05/24 1,173,960.94 3.96 1,436.46 1,219,855.85 1,231,089.60
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 2,100,000.00 AA+ Aa1 06/06/24 06/11/24 1,857,597.66 4.39 2,320.44 1,950,661.26 1,988,683.20
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 2,400,000.00 AA+ Aa1 10/01/24 10/07/24 2,211,468.75 3.51 2,651.93 2,275,353.97 2,272,780.80
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,200,000.00 AA+ Aa1 10/31/24 11/05/24 1,182,093.75 4.14 3,977.90 1,187,130.75 1,204,780.80
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,375,000.00 AA+ Aa1 01/02/25 01/07/25 1,344,653.32 4.36 4,558.01 1,352,306.16 1,380,478.00
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,475,000.00 AA+ Aa1 02/03/25 02/06/25 1,444,693.36 4.33 4,889.50 1,451,893.15 1,480,876.40
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 2,600,000.00 AA+ Aa1 12/03/24 12/06/24 2,565,773.44 4.10 8,618.78 2,574,938.48 2,610,358.40
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 600,000.00 AA+ Aa1 07/01/25 07/03/25 589,054.69 3.75 1,723.76 590,549.74 592,242.00
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 04/01/25 04/04/25 878,414.06 3.87 2,585.64 882,363.08 888,363.00
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 06/02/25 06/05/25 875,566.41 3.98 2,585.64 879,256.92 888,363.00
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 925,000.00 AA+ Aa1 08/01/25 08/05/25 902,236.33 3.94 2,657.46 904,912.78 913,039.75 PFM Asset Management, a division of Page 6
U.S. Bancorp Asset Management, Inc.
Managed Account Detail of Securities Held For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
U.S. Treasury Bond / Note
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 1,500,000.00 AA+ Aa1 05/01/25 05/06/25 1,476,796.88 3.65 4,309.39 1,480,683.39 1,480,605.00
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 2,650,000.00 AA+ Aa1 03/03/25 03/06/25 2,565,117.19 4.06 7,613.26 2,581,765.60 2,615,735.50
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 3,900,000.00 AA+ Aa1 09/02/25 09/05/25 3,841,652.34 3.67 11,204.42 3,847,488.76 3,849,573.00
US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 300,000.00 AA+ Aa1 11/04/25 11/07/25 306,820.31 3.66 35.22 306,472.81 305,859.30
US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 900,000.00 AA+ Aa1 01/02/26 01/07/26 920,285.16 3.65 105.66 919,973.08 917,577.90
US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 975,000.00 AA+ Aa1 10/01/25 10/06/25 997,242.19 3.67 114.47 995,712.73 994,042.73 Security Type Sub-Total 27,575,000.00 26,571,874.05 3.92 63,368.60 26,890,478.50 27,109,011.78 Municipal Bond / Note
CA ST
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 03/09/23 03/15/23 200,000.00 4.85 4,038.33 200,000.00 202,622.60 Security Type Sub-Total 200,000.00 200,000.00 4.85 4,038.33 200,000.00 202,622.60 Federal Agency Commercial Mortgage-Backed Security
FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 550,000.00 AA+ Aa1 04/06/23 04/12/23 526,839.84 3.98 1,215.96 546,104.97 545,826.60 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 361,280.92 AA+ Aa1 05/19/23 05/24/23 350,160.25 4.29 1,007.67 358,688.15 359,537.37 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 550,000.00 AA+ Aa1 08/16/23 08/18/23 518,804.69 4.94 1,477.67 540,042.51 546,676.35 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 550,000.00 AA+ Aa1 06/08/23 06/13/23 527,033.20 4.42 1,486.38 542,674.38 546,420.05 PFM Asset Management, a division of Page 7
U.S. Bancorp Asset Management, Inc.
Managed Account Detail of Securities Held For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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 KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 377,191.87 AA+ Aa1 12/06/23 12/14/23 377,188.85 4.86 1,527.00 377,191.04 383,529.07 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 429,592.77 AA+ Aa1 07/19/23 07/27/23 429,582.06 4.78 1,710.14 429,587.53 432,999.01 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 550,000.00 AA+ Aa1 07/13/23 07/20/23 555,493.40 4.59 2,208.71 552,673.97 560,745.35 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 524,950.13 AA+ Aa1 07/18/23 07/31/23 516,050.58 4.58 1,829.21 520,515.24 527,515.03 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 500,000.00 AA+ Aa1 10/11/23 10/19/23 489,032.00 5.25 1,975.00 493,831.88 509,684.50 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 800,000.00 AA+ Aa1 09/07/23 09/14/23 788,165.60 4.99 3,100.00 793,477.99 813,857.60 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 375,000.00 AA+ Aa1 10/25/23 10/31/23 363,043.88 5.60 1,515.63 368,006.87 383,403.00 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 500,000.00 AA+ Aa1 09/20/23 09/28/23 494,023.50 5.07 2,000.00 496,579.85 510,527.50 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 180,000.00 AA+ Aa1 11/14/23 11/21/23 179,479.62 5.14 760.35 179,694.54 185,225.04 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 275,000.00 AA+ Aa1 11/28/23 12/07/23 274,209.93 4.93 1,113.75 274,533.39 281,461.95 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 290,000.00 AA+ Aa1 02/01/24 02/08/24 292,899.71 4.34 1,104.90 291,801.10 294,902.16 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 440,000.00 AA+ Aa1 07/16/24 07/25/24 442,702.04 4.58 1,730.67 441,951.28 450,078.64 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 535,654.86 AA+ Aa1 06/05/24 06/13/24 535,653.25 4.80 2,143.96 535,654.86 548,852.86 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 495,000.00 AA+ Aa1 08/07/24 08/15/24 499,630.23 4.33 1,873.99 498,368.56 503,943.66 PFM Asset Management, a division of Page 8
U.S. Bancorp Asset Management, Inc.
Managed Account Detail of Securities Held For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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 K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 190,000.00 AA+ Aa1 04/15/25 04/24/25 189,993.35 4.41 698.25 189,994.44 192,791.48 Security Type Sub-Total 8,473,670.54 8,349,985.98 4.73 30,479.24 8,431,372.55 8,577,977.22 Corporate Note
UNITEDHEALTH GROUP INC (CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2 225,000.00 A+ A2 05/17/21 05/19/21 224,608.50 1.19 546.25 224,977.33 223,315.65
BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 08/12/21 08/16/21 174,947.50 1.26 1,026.91 174,994.42 172,563.30
CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 01/11/22 01/13/22 223,863.75 1.81 244.38 224,786.68 221,049.90
TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 01/19/22 01/24/22 39,932.00 1.99 34.67 39,986.94 39,371.72
BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A Aa3 01/26/22 01/28/22 473,945.50 2.10 135.24 474,791.80 467,465.08
MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 03/14/23 03/17/23 721,942.50 4.36 12,031.25 742,679.78 747,563.25
AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 A- A2 01/13/23 01/18/23 277,203.00 4.59 3,123.75 293,970.91 296,108.40
BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 03/15/22 03/17/22 466,089.00 2.70 4,127.22 472,997.75 467,876.90
CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 02/17/23 02/22/23 284,925.00 4.66 3,300.00 295,719.07 298,160.70
NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa2 01/13/23 01/18/23 488,325.00 4.50 2,820.28 496,396.33 501,115.00
APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 775,000.00 AA+ Aaa 01/19/23 01/23/23 741,062.75 3.94 8,677.85 763,186.01 766,594.35
TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 02/08/23 02/10/23 376,282.50 4.55 915.36 375,507.35 380,884.88 PFM Asset Management, a division of Page 9
U.S. Bancorp Asset Management, Inc.
Managed Account Detail of Securities Held For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
Corporate Note
NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 350,000.00 A- A1 02/17/23 02/22/23 329,189.00 4.76 5,751.67 341,535.69 347,140.15
TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 85,000.00 A+ Aa3 05/11/23 05/18/23 87,043.40 4.04 1,802.94 85,857.81 86,323.79
BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 211,000.00 A A2 03/09/23 03/13/23 201,583.07 4.93 3,680.19 207,083.79 211,550.29
LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
539830BZ1 60,000.00 A- A2 05/23/23 05/25/23 59,892.00 4.49 563.67 59,950.28 60,767.70
JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 375,000.00 A A1 07/21/23 07/25/23 377,865.00 4.78 876.56 376,414.08 385,245.38
CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 750,000.00 A+ Aa3 10/02/23 10/04/23 746,280.00 5.92 14,749.29 747,882.40 785,718.00
AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
009158BH8 340,000.00 A A2 02/06/24 02/08/24 339,547.80 4.63 7,515.89 339,714.70 346,408.66
CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 420,000.00 AA- A1 02/21/24 02/26/24 419,853.00 4.86 8,770.42 419,906.45 430,741.50
BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 50,000.00 AA- Aa3 03/05/24 03/14/24 49,909.50 4.74 894.31 49,941.22 51,166.35
BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 725,000.00 AA- Aa3 03/06/24 03/14/24 725,355.25 4.69 12,967.43 725,233.04 741,912.08
ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 170,000.00 A+ A1 04/02/24 04/04/24 169,775.60 4.83 2,652.00 169,851.59 174,523.02
ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 205,000.00 A+ A1 04/01/24 04/04/24 204,694.55 4.83 3,198.00 204,797.78 210,454.23
WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
95000U3T8 110,000.00 BBB+ A1 04/16/25 04/23/25 110,088.00 4.95 1,488.24 110,066.71 112,092.75
WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
95000U3T8 290,000.00 BBB+ A1 04/15/25 04/23/25 290,000.00 4.97 3,923.54 290,000.00 295,517.25 PFM Asset Management, a division of Page 10
U.S. Bancorp Asset Management, Inc.
Managed Account Detail of Securities Held For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
Corporate Note
BANK OF AMERICA CORP (CALLABLE)
DTD 05/09/2025 4.623% 05/09/2029
06051GMT3 600,000.00 A- A1 05/06/25 05/09/25 600,000.00 4.62 6,318.10 600,000.00 608,044.80
HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 125,000.00 A A2 06/17/24 06/25/24 124,193.75 4.90 593.75 124,431.02 128,169.25
HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 250,000.00 A A2 06/18/24 06/25/24 248,627.50 4.88 1,187.50 249,031.95 256,338.50
AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
02665WFQ9 400,000.00 A- A3 09/03/24 09/05/24 399,520.00 4.43 7,137.78 399,644.80 403,688.00
MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
571676AY1 115,000.00 A A2 03/05/25 03/12/25 114,875.80 4.83 2,300.00 114,895.87 117,493.32
STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
857477DB6 200,000.00 A Aa3 04/22/25 04/24/25 200,000.00 4.83 2,604.99 200,000.00 205,471.60
PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
69371RT71 400,000.00 A+ A1 05/05/25 05/08/25 399,380.00 4.59 4,196.11 399,462.86 407,248.00
ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
032654BE4 400,000.00 A- A2 06/12/25 06/16/25 399,648.00 4.52 2,300.00 399,689.02 405,456.00
NOVARTIS CAPITAL CORP (CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
66989HAY4 510,000.00 AA- Aa3 11/03/25 11/05/25 508,470.00 4.17 4,995.17 508,538.43 510,025.50
SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 125,000.00 A+ Aa2 11/03/25 11/06/25 124,520.00 4.21 1,217.45 124,540.98 124,802.75
SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 450,000.00 A+ Aa2 11/04/25 11/06/25 449,136.00 4.17 4,382.81 449,173.84 449,289.90
NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 115,000.00 A+ A2 11/12/25 11/19/25 114,943.65 4.16 954.50 114,945.98 115,003.45
NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 460,000.00 A+ A2 11/13/25 11/19/25 459,443.40 4.18 3,818.00 459,464.96 460,013.80 AMAZON.COM INC (CALLABLE)
DTD 11/20/2025 4.100% 11/20/2030
023135CT1 575,000.00 AA A1 11/17/25 11/20/25 574,384.75 4.12 4,649.51 574,406.88 575,052.33 PFM Asset Management, a division of Page 11
U.S. Bancorp Asset Management, Inc.
Managed Account Detail of Securities Held For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
Corporate Note
TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 240,000.00 A+ Aa3 01/06/26 01/13/26 240,000.00 4.25 509.76 240,000.00 240,004.08
TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 335,000.00 A+ Aa3 01/07/26 01/13/26 335,613.05 4.21 711.54 335,607.59 335,005.70 Security Type Sub-Total 14,056,000.00 13,896,959.07 4.29 153,694.28 14,002,064.09 14,162,737.26 Bank Note
MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
61690U8E3 525,000.00 A+ Aa3 07/18/24 07/19/24 525,525.00 4.94 1,231.65 525,265.41 531,847.05 Security Type Sub-Total 525,000.00 525,525.00 4.94 1,231.65 525,265.41 531,847.05 Asset-Backed Security
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 10,047.00 AAA NR 07/12/22 07/20/22 10,046.76 3.97 17.73 10,046.93 10,048.36 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 23,642.36 AAA Aaa 09/20/22 09/28/22 23,637.47 4.46 46.86 23,641.00 23,664.23 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 28,244.55 AAA NR 10/04/22 10/12/22 28,239.92 4.82 56.72 28,243.08 28,277.35 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 73,363.33 AAA NR 01/24/23 01/30/23 73,363.29 4.63 150.97 73,363.32 73,522.23 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 43,798.63 NR Aaa 02/13/23 02/23/23 43,794.22 5.05 98.30 43,796.91 43,917.02 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 43,888.24 AAA NR 03/28/23 03/31/23 43,883.67 4.65 90.70 43,886.33 44,006.22 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 151,847.33 AAA NR 08/15/23 08/22/23 151,816.02 5.42 296.65 151,833.05 152,913.60 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 320,000.00 NR Aaa 04/04/23 04/11/23 319,981.44 4.31 612.98 319,992.01 320,205.44 PFM Asset Management, a division of Page 12
U.S. Bancorp Asset Management, Inc.
Managed Account Detail of Securities Held For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 170,000.00 AAA NR 06/08/23 06/16/23 169,961.51 4.79 361.91 169,982.07 170,475.66 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 190,000.00 AAA NR 06/07/23 06/14/23 189,983.15 4.87 411.24 189,992.16 190,590.14 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 490,000.00 AAA NR 05/17/23 05/24/23 489,887.64 4.42 962.58 489,948.31 490,869.26 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 350,000.00 AAA Aaa 06/21/23 06/28/23 349,952.72 4.93 766.89 349,977.40 351,436.40 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 55,598.63 NR Aaa 11/01/23 11/08/23 55,588.84 5.67 87.57 55,593.31 56,190.70 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 191,359.39 AAA Aaa 08/15/23 08/23/23 191,347.52 5.53 470.32 191,353.33 192,994.55 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 405,000.00 AAA NR 09/07/23 09/15/23 404,887.73 5.17 928.80 404,937.55 408,363.53 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 410,000.00 AAA NR 09/12/23 09/19/23 409,981.67 5.23 953.02 409,989.97 413,610.05 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 100,000.00 AAA NR 05/14/25 05/21/25 99,989.29 4.61 140.86 99,991.58 101,075.00 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 180,000.00 NR Aaa 12/07/23 12/14/23 179,975.83 4.98 398.40 179,985.97 181,749.78 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 495,000.00 AAA NR 04/16/24 04/23/24 494,898.53 5.23 1,150.60 494,898.53 503,833.77 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 115,000.00 NR Aaa 04/29/25 05/08/25 114,987.15 4.15 212.11 114,989.35 115,626.75 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 80,000.00 NR Aaa 05/06/25 05/12/25 79,994.48 4.35 106.33 79,995.52 80,531.36 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 550,000.00 NR Aaa 04/08/25 04/09/25 553,673.83 4.62 1,168.44 553,095.26 557,271.55 PFM Asset Management, a division of Page 13
U.S. Bancorp Asset Management, Inc.
Managed Account Detail of Securities Held For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 415,000.00 NR Aaa 03/25/25 03/31/25 414,982.16 4.51 571.89 414,985.93 418,271.03 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 90,000.00 AAA Aaa 05/06/25 05/14/25 89,986.75 4.28 160.50 89,988.58 90,634.23 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 250,000.00 AAA NR 06/05/25 06/12/25 249,999.05 4.31 478.89 250,000.00 252,799.75 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 485,000.00 AAA NR 06/03/25 06/10/25 484,991.95 4.34 935.51 484,994.32 490,698.75 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
17305EHA6 550,000.00 AAA Aaa 06/18/25 06/26/25 549,850.79 4.31 2,627.78 549,867.15 555,673.80 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
89240KAD0 140,000.00 AAA Aaa 01/13/26 01/21/26 139,988.07 3.86 150.11 139,988.16 140,164.08 Security Type Sub-Total 6,406,789.46 6,409,671.45 4.71 14,414.66 6,409,357.08 6,459,414.59 Managed Account Sub-Total 57,236,460.00 55,954,015.55 4.24 267,226.76 56,458,537.63 57,043,610.50 Joint Powers Authority
CAMP Pool 133,287.76 AAAm NR 133,287.76 0.00 133,287.76 133,287.76 Liquid Sub-Total 133,287.76 133,287.76 0.00 133,287.76 133,287.76 $57,369,747.76 $56,087,303.31 4.24% $267,226.76 $56,591,825.39 $57,176,898.26 $57,444,125.02
$267,226.76
Total Investments
Accrued Interest
Securities Sub-Total
PFM Asset Management, a division of Page 14
U.S. Bancorp Asset Management, Inc.
Managed Account Fair Market Value & Analytics For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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 912828U24 75,000.00 JPMorgan 98.77 74,075.40 3,633.99 11.25 DTD 11/15/2016 2.000% 11/15/2026
0.77 3.68
US TREASURY N/B 91282CCH2 225,000.00 BMO 94.70 213,073.20 14,431.60 4,546.82 DTD 06/30/2021 1.250% 06/30/2028
2.34 3.56
US TREASURY N/B 91282CCH2 1,275,000.00 MorganSt 94.70 1,207,414.80 38,050.54 845.34 DTD 06/30/2021 1.250% 06/30/2028
2.34 3.56
US TREASURY N/B 91282CCH2 1,300,000.00 BMO 94.70 1,231,089.60 57,128.66 11,233.75 DTD 06/30/2021 1.250% 06/30/2028
2.34 3.56
US TREASURY N/B 91282CCH2 2,100,000.00 BMO 94.70 1,988,683.20 131,085.54 38,021.94 DTD 06/30/2021 1.250% 06/30/2028
2.34 3.56
US TREASURY N/B 91282CCH2 2,400,000.00 BMO 94.70 2,272,780.80 61,312.05 (2,573.17) DTD 06/30/2021 1.250% 06/30/2028
2.34 3.56
US TREASURY N/B 91282CJR3 1,200,000.00 Citigrou 100.40 1,204,780.80 22,687.05 17,650.05 DTD 01/02/2024 3.750% 12/31/2028
2.73 3.60
US TREASURY N/B 91282CJR3 1,375,000.00 MorganSt 100.40 1,380,478.00 35,824.68 28,171.84 DTD 01/02/2024 3.750% 12/31/2028
2.73 3.60
US TREASURY N/B 91282CJR3 1,475,000.00 JPMorgan 100.40 1,480,876.40 36,183.04 28,983.25 DTD 01/02/2024 3.750% 12/31/2028
2.73 3.60
US TREASURY N/B 91282CJR3 2,600,000.00 MorganSt 100.40 2,610,358.40 44,584.96 35,419.92 DTD 01/02/2024 3.750% 12/31/2028
2.73 3.60
US TREASURY N/B 91282CEV9 600,000.00 Citigrou 98.71 592,242.00 3,187.31 1,692.26 DTD 06/30/2022 3.250% 06/30/2029
3.19 3.66
US TREASURY N/B 91282CEV9 900,000.00 BMO 98.71 888,363.00 9,948.94 5,999.92 DTD 06/30/2022 3.250% 06/30/2029
3.19 3.66
US TREASURY N/B 91282CEV9 900,000.00 BMO 98.71 888,363.00 12,796.59 9,106.08 DTD 06/30/2022 3.250% 06/30/2029
3.19 3.66
US TREASURY N/B 91282CEV9 925,000.00 Citigrou 98.71 913,039.75 10,803.42 8,126.97 DTD 06/30/2022 3.250% 06/30/2029
3.19 3.66
US TREASURY N/B 91282CEV9 1,500,000.00 Citigrou 98.71 1,480,605.00 3,808.12 (78.39) DTD 06/30/2022 3.250% 06/30/2029
3.19 3.66
US TREASURY N/B 91282CEV9 2,650,000.00 MorganSt 98.71 2,615,735.50 50,618.31 33,969.90 DTD 06/30/2022 3.250% 06/30/2029
3.19 3.66
US TREASURY N/B 91282CEV9 3,900,000.00 RBC Capi 98.71 3,849,573.00 7,920.66 2,084.24 DTD 06/30/2022 3.250% 06/30/2029
3.19 3.66
PFM Asset Management, a division of Page 15
U.S. Bancorp Asset Management, Inc.
Managed Account Fair Market Value & Analytics For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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 91282CMG3 300,000.00 Citigrou 101.95 305,859.30 (961.01) (613.51) DTD 01/31/2025 4.250% 01/31/2030
3.66 3.72
US TREASURY N/B 91282CMG3 900,000.00 Citigrou 101.95 917,577.90 (2,707.26) (2,395.18) DTD 01/31/2025 4.250% 01/31/2030
3.66 3.72
US TREASURY N/B 91282CMG3 975,000.00 HSBC 101.95 994,042.73 (3,199.46) (1,670.00) DTD 01/31/2025 4.250% 01/31/2030
3.66 3.72
Security Type Sub-Total 27,575,000.00 27,109,011.78 537,137.73 218,533.28 2.89 3.62 Municipal Bond / Note
CA ST 13063D3N6 200,000.00 WellsFar 101.31 202,622.60 2,622.60 2,622.60 DTD 03/15/2023 4.846% 03/01/2027
1.02 3.60
Security Type Sub-Total 200,000.00 202,622.60 2,622.60 2,622.60 1.02 3.60 Federal Agency Commercial Mortgage-Backed Security
FHMS K058 A2 3137BSP72 550,000.00 BREAN 99.24 545,826.60 18,986.76 (278.37) DTD 11/01/2016 2.653% 08/01/2026
0.51 3.80
FHMS K061 A2 3137BTUM1 361,280.92 Citigrou 99.52 359,537.37 9,377.12 849.22 DTD 01/01/2017 3.347% 11/01/2026
0.73 3.73
FHMS K064 A2 3137BXQY1 550,000.00 MorganSt 99.40 546,676.35 27,871.66 6,633.84 DTD 05/01/2017 3.224% 03/01/2027
0.95 3.66
FHMS K065 A2 3137F1G44 550,000.00 Citigrou 99.35 546,420.05 19,386.85 3,745.67 DTD 07/01/2017 3.243% 04/01/2027
1.10 3.66
FHMS KJ48 A1 3137HBC69 377,191.87 JPMorgan 101.68 383,529.07 6,340.22 6,338.03 DTD 12/01/2023 4.858% 05/01/2028
1.90 3.86
FHMS KJ46 A1 3137HAD45 429,592.77 JPMorgan 100.79 432,999.01 3,416.95 3,411.48 DTD 07/01/2023 4.777% 06/01/2028
1.34 3.99
FHMS K505 A2 3137HACX2 550,000.00 JPMorgan 101.95 560,745.35 5,251.95 8,071.38 DTD 07/01/2023 4.819% 06/01/2028
2.12 3.80
FNA 2023-M6 A2 3136BQDE6 524,950.13 JPMorgan 100.49 527,515.03 11,464.45 6,999.79 DTD 07/01/2023 4.181% 07/01/2028
2.27 3.88
FHMS K508 A2 3137HAQ74 500,000.00 BMO 101.94 509,684.50 20,652.50 15,852.62 DTD 10/01/2023 4.740% 08/01/2028
2.31 3.82
PFM Asset Management, a division of Page 16
U.S. Bancorp Asset Management, Inc.
Managed Account Fair Market Value & Analytics For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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 K506 A2 3137HAMH6 800,000.00 WellsFar 101.73 813,857.60 25,692.00 20,379.61 DTD 09/01/2023 4.650% 08/01/2028
2.28 3.81
FHMS K509 A2 3137HAST4 375,000.00 MorganSt 102.24 383,403.00 20,359.12 15,396.13 DTD 10/01/2023 4.850% 09/01/2028
2.39 3.83
FHMS K507 A2 3137HAMS2 500,000.00 BOFAML 102.11 510,527.50 16,504.00 13,947.65 DTD 09/01/2023 4.800% 09/01/2028
2.34 3.82
FHMS K510 A2 3137HB3D4 180,000.00 JPMorgan 102.90 185,225.04 5,745.42 5,530.50 DTD 11/01/2023 5.069% 10/01/2028
2.42 3.80
FHMS K511 A2 3137HB3G7 275,000.00 BOFAML 102.35 281,461.95 7,252.02 6,928.56 DTD 12/01/2023 4.860% 10/01/2028
2.46 3.83
FHMS K514 A2 3137HBLV4 290,000.00 JPMorgan 101.69 294,902.16 2,002.45 3,101.06 DTD 02/01/2024 4.572% 12/01/2028
2.55 3.84
FHMS K524 A2 3137HDV56 440,000.00 PIER 102.29 450,078.64 7,376.60 8,127.36 DTD 07/01/2024 4.720% 05/01/2029
2.98 3.90
FHMS K522 A2 3137HDJJ0 535,654.86 MorganSt 102.46 548,852.86 13,199.61 13,198.00 DTD 06/01/2024 4.803% 05/01/2029
2.86 3.89
FHMS K526 A2 3137HDXL9 495,000.00 BMO 101.81 503,943.66 4,313.43 5,575.10 DTD 08/01/2024 4.543% 07/01/2029
3.14 3.92
FHMS K539 A2 3137HKXJ8 190,000.00 JPMorgan 101.47 192,791.48 2,798.13 2,797.04 DTD 04/01/2025 4.410% 01/01/2030
3.57 3.96
Security Type Sub-Total 8,473,670.54 8,577,977.22 227,991.24 146,604.67 2.05 3.83 Corporate Note
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 Citigrou 04/15/26 99.25 223,315.65 (1,292.85) (1,661.68) DTD 05/19/2021 1.150% 05/15/2026
0.28 3.78
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 SUMITR 07/12/26 98.61 172,563.30 (2,384.20) (2,431.12) DTD 08/12/2021 1.250% 08/12/2026
0.52 3.93
CATERPILLAR FINL SERVICE 14913R2U0 225,000.00 JPMorgan 98.24 221,049.90 (2,813.85) (3,736.78) DTD 01/10/2022 1.700% 01/08/2027
0.92 3.62
TARGET CORP (CALLABLE) 87612EBM7 40,000.00 Citigrou 12/15/26 98.43 39,371.72 (560.28) (615.22) DTD 01/24/2022 1.950% 01/15/2027
0.93 3.64
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 Deutsche 12/24/26 98.41 467,465.08 (6,480.42) (7,326.72) DTD 01/26/2022 2.050% 01/26/2027
0.96 3.70
PFM Asset Management, a division of Page 17
U.S. Bancorp Asset Management, Inc.
Managed Account Fair Market Value & Analytics For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
MICROSOFT CORP (CALLABLE) 594918BY9 750,000.00 GoldmanS 11/06/26 99.68 747,563.25 25,620.75 4,883.47 DTD 02/06/2017 3.300% 02/06/2027
0.89 3.63
AMERICAN EXPRESS CO (CALLABLE) 025816CS6 300,000.00 RBS 02/01/27 98.70 296,108.40 18,905.40 2,137.49 DTD 03/04/2022 2.550% 03/04/2027
1.04 3.77
BERKSHIRE HATHAWAY FIN (CALLABLE) 084664CZ2 475,000.00 SEEL 02/15/27 98.50 467,876.90 1,787.90 (5,120.85) DTD 03/15/2022 2.300% 03/15/2027
1.07 3.67
CHARLES SCHWAB CORP (CALLABLE) 808513BW4 300,000.00 Barclays 01/01/27 99.39 298,160.70 13,235.70 2,441.63 DTD 09/24/2021 3.300% 04/01/2027
1.06 3.84
NATIONAL AUSTRALIA BK/NY 63254ABE7 500,000.00 CAS 100.22 501,115.00 12,790.00 4,718.67 DTD 06/09/2022 3.905% 06/09/2027
1.30 3.73
APPLE INC (CALLABLE) 037833DB3 775,000.00 TD Secur 06/12/27 98.92 766,594.35 25,531.60 3,408.34 DTD 09/12/2017 2.900% 09/12/2027
1.49 3.60
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WellsFar 101.57 380,884.88 4,602.38 5,377.53 DTD 01/12/2023 4.625% 01/12/2028
1.85 3.78
NATIONAL RURAL UTIL COOP (CALLABLE) 637432NP6 350,000.00 MorganSt 11/07/27 99.18 347,140.15 17,951.15 5,604.46 DTD 02/07/2018 3.400% 02/07/2028
1.83 3.82
TEXAS INSTRUMENTS INC (CALLABLE) 882508BV5 85,000.00 JPMorgan 01/15/28 101.56 86,323.79 (719.61) 465.98 DTD 11/18/2022 4.600% 02/15/2028
1.84 3.80
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122DE5 211,000.00 MAXE 11/20/27 100.26 211,550.29 9,967.22 4,466.50 DTD 07/15/2020 3.900% 02/20/2028
1.80 3.77
LOCKHEED MARTIN CORP (CALLABLE) 539830BZ1 60,000.00 Barclays 04/15/28 101.28 60,767.70 875.70 817.42 DTD 05/25/2023 4.450% 05/15/2028
2.09 3.86
JOHN DEERE CAPITAL CORP 24422EXB0 375,000.00 Citigrou 102.73 385,245.38 7,380.38 8,831.30 DTD 07/14/2023 4.950% 07/14/2028
2.29 3.77
CITIBANK NA (CALLABLE) 17325FBB3 750,000.00 Barclays 08/29/28 104.76 785,718.00 39,438.00 37,835.60 DTD 09/29/2023 5.803% 09/29/2028
2.35 3.90
AIR PRODUCTS & CHEMICALS (CALLABLE) 009158BH8 340,000.00 Barclays 01/08/29 101.88 346,408.66 6,860.86 6,693.96 DTD 02/08/2024 4.600% 02/08/2029
2.70 3.93
CISCO SYSTEMS INC (CALLABLE) 17275RBR2 420,000.00 Citigrou 01/26/29 102.56 430,741.50 10,888.50 10,835.05 DTD 02/26/2024 4.850% 02/26/2029
2.74 3.96
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 50,000.00 Citigrou 02/14/29 102.33 51,166.35 1,256.85 1,225.13 DTD 03/14/2024 4.700% 03/14/2029
2.79 3.90
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 725,000.00 BOFAML 02/14/29 102.33 741,912.08 16,556.83 16,679.04 DTD 03/14/2024 4.700% 03/14/2029
2.79 3.90
PFM Asset Management, a division of Page 18
U.S. Bancorp Asset Management, Inc.
Managed Account Fair Market Value & Analytics For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
ADOBE INC (CALLABLE) 00724PAF6 170,000.00 SEEL 03/04/29 102.66 174,523.02 4,747.42 4,671.43 DTD 04/04/2024 4.800% 04/04/2029
2.84 3.90
ADOBE INC (CALLABLE) 00724PAF6 205,000.00 BOFAML 03/04/29 102.66 210,454.23 5,759.68 5,656.45 DTD 04/04/2024 4.800% 04/04/2029
2.84 3.90
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 110,000.00 SEEL 04/23/28 101.90 112,092.75 2,004.75 2,026.04 DTD 04/23/2025 4.970% 04/23/2029
2.07 4.35
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 290,000.00 WellsFar 04/23/28 101.90 295,517.25 5,517.25 5,517.25 DTD 04/23/2025 4.970% 04/23/2029
2.07 4.35
BANK OF AMERICA CORP (CALLABLE) 06051GMT3 600,000.00 BOFAML 05/09/28 101.34 608,044.80 8,044.80 8,044.80 DTD 05/09/2025 4.623% 05/09/2029
2.12 4.22
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 MorganSt 05/25/29 102.54 128,169.25 3,975.50 3,738.23 DTD 06/25/2024 4.750% 06/25/2029
3.06 3.94
HOME DEPOT INC (CALLABLE) 437076DC3 250,000.00 PNCBank 05/25/29 102.54 256,338.50 7,711.00 7,306.55 DTD 06/25/2024 4.750% 06/25/2029
3.06 3.94
AMERICAN HONDA FINANCE 02665WFQ9 400,000.00 Deutsche 100.92 403,688.00 4,168.00 4,043.20 DTD 09/05/2024 4.400% 09/05/2029
3.24 4.12
MARS INC (CALLABLE) 571676AY1 115,000.00 BOFAML 02/01/30 102.17 117,493.32 2,617.52 2,597.45 DTD 03/12/2025 4.800% 03/01/2030
3.58 4.22
STATE STREET CORP (CALLABLE) 857477DB6 200,000.00 MorganSt 03/24/30 102.74 205,471.60 5,471.60 5,471.60 DTD 04/24/2025 4.834% 04/24/2030
3.72 4.12
PACCAR FINANCIAL CORP 69371RT71 400,000.00 TD Secur 101.81 407,248.00 7,868.00 7,785.14 DTD 05/08/2025 4.550% 05/08/2030
3.82 4.08
ANALOG DEVICES INC (CALLABLE) 032654BE4 400,000.00 BOFAML 05/15/30 101.36 405,456.00 5,808.00 5,766.98 DTD 06/16/2025 4.500% 06/15/2030
3.89 4.15
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 510,000.00 JPMorgan 10/05/30 100.01 510,025.50 1,555.50 1,487.07 DTD 11/05/2025 4.100% 11/05/2030
4.23 4.10
SHELL FINANCE US INC (CALLABLE) 822905AN5 125,000.00 MorganSt 10/06/30 99.84 124,802.75 282.75 261.77 DTD 11/06/2025 4.125% 11/06/2030
4.23 4.16
SHELL FINANCE US INC (CALLABLE) 822905AN5 450,000.00 RBC Capi 10/06/30 99.84 449,289.90 153.90 116.06 DTD 11/06/2025 4.125% 11/06/2030
4.23 4.16
NORTHERN TRUST CORP 665859AY0 115,000.00 BOFAML 100.00 115,003.45 59.80 57.47 DTD 11/19/2025 4.150% 11/19/2030
4.29 4.15
NORTHERN TRUST CORP 665859AY0 460,000.00 CIDLY 100.00 460,013.80 570.40 548.84 DTD 11/19/2025 4.150% 11/19/2030
4.29 4.15
PFM Asset Management, a division of Page 19
U.S. Bancorp Asset Management, Inc.
Managed Account Fair Market Value & Analytics For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
AMAZON.COM INC (CALLABLE) 023135CT1 575,000.00 JPMorgan 10/20/30 100.01 575,052.33 667.58 645.45 DTD 11/20/2025 4.100% 11/20/2030
4.27 4.10
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 240,000.00 Citigrou 12/13/30 100.00 240,004.08 4.08 4.08 DTD 01/13/2026 4.248% 01/13/2031
4.40 4.25
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 335,000.00 TD Secur 12/13/30 100.00 335,005.70 (607.35) (601.89) DTD 01/13/2026 4.248% 01/13/2031
4.40 4.25
Security Type Sub-Total 14,056,000.00 14,162,737.26 265,778.19 160,673.17 2.51 3.93 Bank Note
MORGAN STANLEY BANK NA (CALLABLE) 61690U8E3 525,000.00 Citigrou 07/14/27 101.30 531,847.05 6,322.05 6,581.64 DTD 07/19/2024 4.968% 07/14/2028
1.39 4.26
Security Type Sub-Total 525,000.00 531,847.05 6,322.05 6,581.64 1.39 4.26 Asset-Backed Security
CARMX 2022-3 A3 14318MAD1 10,047.00 RBC Capi 100.01 10,048.36 1.60 1.43 DTD 07/20/2022 3.970% 04/15/2027
0.06 3.77
NAROT 2022-B A3 65480JAC4 23,642.36 WellsFar 100.09 23,664.23 26.76 23.23 DTD 09/28/2022 4.460% 05/17/2027
0.18 3.98
GMCAR 2022-4 A3 36265QAD8 28,244.55 RBC Capi 100.12 28,277.35 37.43 34.27 DTD 10/12/2022 4.820% 08/16/2027
0.11 3.83
TAOT 2023-A A3 891940AC2 73,363.33 BOFAML 100.22 73,522.23 158.94 158.91 DTD 01/30/2023 4.630% 09/15/2027
0.30 3.95
HDMOT 2023-A A3 41285JAD0 43,798.63 JPMorgan 100.27 43,917.02 122.80 120.11 DTD 02/23/2023 5.050% 12/15/2027
0.27 4.11
FORDO 2023-A A3 344928AD8 43,888.24 BNPPSA 100.27 44,006.22 122.55 119.89 DTD 03/31/2023 4.650% 02/15/2028
0.36 3.95
HAROT 2023-3 A3 43815QAC1 151,847.33 BOFAML 100.70 152,913.60 1,097.58 1,080.55 DTD 08/22/2023 5.410% 02/18/2028
0.48 4.00
DCENT 2023-A1 A 254683CY9 320,000.00 RBC Capi 100.06 320,205.44 224.00 213.43 DTD 04/11/2023 4.310% 03/15/2028
0.11 3.81
BACCT 2023-A1 A1 05522RDG0 170,000.00 BOFAML 100.28 170,475.66 514.15 493.59 DTD 06/16/2023 4.790% 05/15/2028
0.28 3.84
PFM Asset Management, a division of Page 20
U.S. Bancorp Asset Management, Inc.
Managed Account Fair Market Value & Analytics For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
AMXCA 2023-1 A 02582JJZ4 190,000.00 RBC Capi 100.31 190,590.14 606.99 597.98 DTD 06/14/2023 4.870% 05/15/2028
0.28 3.82
COMET 2023-A1 A 14041NGD7 490,000.00 RBC Capi 100.18 490,869.26 981.62 920.95 DTD 05/24/2023 4.420% 05/15/2028
0.28 3.83
DCENT 2023-A2 A 254683CZ6 350,000.00 BOFAML 100.41 351,436.40 1,483.68 1,459.00 DTD 06/28/2023 4.930% 06/15/2028
0.36 3.85
HAROT 2023-4 A3 438123AC5 55,598.63 JPMorgan 101.06 56,190.70 601.86 597.39 DTD 11/08/2023 5.670% 06/21/2028
0.65 4.11
FITAT 2023-1 A3 31680EAD3 191,359.39 JPMorgan 100.85 192,994.55 1,647.03 1,641.22 DTD 08/23/2023 5.530% 08/15/2028
0.56 4.08
CHAIT 2023-A1 A 161571HT4 405,000.00 JPMorgan 100.83 408,363.53 3,475.80 3,425.98 DTD 09/15/2023 5.160% 09/15/2028
0.60 3.84
AMXCA 2023-3 A 02582JKD1 410,000.00 Citigrou 100.88 413,610.05 3,628.38 3,620.08 DTD 09/19/2023 5.230% 09/15/2028
0.60 3.83
PILOT 2025-1A A3 73329KAD8 100,000.00 Barclays 101.08 101,075.00 1,085.71 1,083.42 DTD 05/21/2025 4.610% 10/20/2028
1.63 4.00
BACCT 2023-A2 A2 05522RDH8 180,000.00 BOFAML 100.97 181,749.78 1,773.95 1,763.81 DTD 12/14/2023 4.980% 11/15/2028
0.76 3.76
AMXCA 2024-1 A 02582JKH2 495,000.00 Barclays 101.78 503,833.77 8,935.24 8,935.24 DTD 04/23/2024 5.230% 04/16/2029
1.14 3.74
HAROT 2025-2 A3 437921AD1 115,000.00 JPMorgan 100.55 115,626.75 639.60 637.40 DTD 05/08/2025 4.150% 10/15/2029
1.55 3.84
BAAT 2025-1A A3 05594BAD8 80,000.00 BOFAML 100.66 80,531.36 536.88 535.84 DTD 05/12/2025 4.350% 11/20/2029
1.30 3.88
MBART 2025-1 A3 58773DAD6 550,000.00 WellsFar 101.32 557,271.55 3,597.72 4,176.29 DTD 01/23/2025 4.780% 12/17/2029
1.17 3.71
VZMT 2025-3 A1A 92348KDY6 415,000.00 BOFAML 100.79 418,271.03 3,288.87 3,285.10 DTD 03/31/2025 4.510% 03/20/2030
1.62 4.12
GMCAR 2025-2 A3 362549AD9 90,000.00 TD Secur 100.70 90,634.23 647.48 645.65 DTD 05/14/2025 4.280% 04/16/2030
1.32 3.79
BACCT 2025-A1 A 05522RDK1 250,000.00 BOFAML 101.12 252,799.75 2,800.70 2,799.75 DTD 06/12/2025 4.310% 05/15/2030
2.14 3.83
WFCIT 2025-A1 A 92970QAJ4 485,000.00 WellsFar 101.18 490,698.75 5,706.80 5,704.43 DTD 06/10/2025 4.340% 05/15/2030
2.14 3.83
PFM Asset Management, a division of Page 21
U.S. Bancorp Asset Management, Inc.
Managed Account Fair Market Value & Analytics For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
CCCIT 2025-A1 A 17305EHA6 550,000.00 Citigrou 101.03 555,673.80 5,823.01 5,806.65 DTD 06/26/2025 4.300% 06/21/2030
2.24 3.84
TAOT 2026-A A3 89240KAD0 140,000.00 BNP Sec 100.12 140,164.08 176.01 175.92 DTD 01/21/2026 3.860% 09/16/2030
2.22 3.84
Security Type Sub-Total 6,406,789.46 6,459,414.59 49,743.14 50,057.51 1.07 3.85 Managed Account Sub-Total 57,236,460.00 57,043,610.50 1,089,594.95 585,072.87 2.44 3.76 Joint Powers Authority
CAMP Pool 133,287.76 1.00 133,287.76 0.00 0.00 0.00
Liquid Sub-Total 133,287.76 133,287.76 0.00 0.00 0.00
Total Investments $57,444,125.02
$267,226.76
$57,176,898.26
Accrued Interest
Securities Sub-Total $57,369,747.76 $1,089,594.95 $585,072.87 2.44 3.76% PFM Asset Management, a division of Page 22
U.S. Bancorp Asset Management, Inc.
Managed Account Security Transactions & Interest For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
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
01/07/26 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
01/02/26 91282CMG3 900,000.00 (920,285.16) (16,630.43) (936,915.59) 01/13/26 TOTALENERGI CAP USA LLC
(CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
01/06/26 89158TAA7 240,000.00 (240,000.00) 0.00 (240,000.00) 01/13/26 TOTALENERGI CAP USA LLC
(CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
01/07/26 89158TAA7 335,000.00 (335,613.05) 0.00 (335,613.05) 01/21/26 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
01/13/26 89240KAD0 140,000.00 (139,988.07) 0.00 (139,988.07) Transaction Type Sub-Total 1,615,000.00 (1,635,886.28) (16,630.43) (1,652,516.71)
INTEREST
01/25/26 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
01/01/26 3137HAMS2 0.00 2,000.00 2,000.00
01/25/26 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
01/01/26 3137HDV56 0.00 1,730.67 1,730.67
01/25/26 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
01/01/26 3137HAQ74 0.00 1,975.00 1,975.00
01/25/26 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
01/01/26 3137HDXL9 0.00 1,873.99 1,873.99
01/25/26 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
01/01/26 3137HDJJ0 0.00 2,144.20 2,144.20
01/25/26 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
01/01/26 3137F1G44 0.00 1,486.38 1,486.38
01/25/26 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
01/01/26 3137BXQY1 0.00 1,477.67 1,477.67
01/25/26 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
01/01/26 3137HAST4 0.00 1,515.63 1,515.63
01/25/26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
01/01/26 3137HAMH6 0.00 3,100.00 3,100.00
01/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
01/01/26 3136BQDE6 0.00 1,829.38 1,829.38
PFM Asset Management, a division of Page 23
U.S. Bancorp Asset Management, Inc.
Managed Account Security Transactions & Interest For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
01/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
01/01/26 3137HBC69 0.00 1,531.52 1,531.52
01/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
01/01/26 3137BTUM1 0.00 1,009.81 1,009.81
01/25/26 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
01/01/26 3137HB3G7 0.00 1,113.75 1,113.75
01/25/26 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
01/01/26 3137HBLV4 0.00 1,104.90 1,104.90
01/25/26 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
01/01/26 3137HB3D4 0.00 760.35 760.35
01/25/26 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
01/01/26 3137BNGT5 0.00 194.80 194.80
01/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
01/01/26 3137HAD45 0.00 1,712.12 1,712.12
01/25/26 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
01/01/26 3137HKXJ8 0.00 698.25 698.25
01/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
01/01/26 3137HACX2 0.00 2,208.71 2,208.71
01/25/26 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
01/01/26 3137BSP72 0.00 1,215.96 1,215.96
01/08/26 CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
01/08/26 14913R2U0 0.00 1,912.50 1,912.50
01/12/26 TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
01/12/26 89236TKQ7 0.00 8,671.88 8,671.88
01/14/26 JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
01/14/26 24422EXB0 0.00 9,281.25 9,281.25
01/14/26 MORGAN STANLEY BANK NA
(CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
01/14/26 61690U8E3 0.00 13,041.00 13,041.00
01/15/26 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
01/15/26 02582JKD1 0.00 1,786.92 1,786.92
01/15/26 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
01/15/26 437921AD1 0.00 397.71 397.71
PFM Asset Management, a division of Page 24
U.S. Bancorp Asset Management, Inc.
Managed Account Security Transactions & Interest For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
01/15/26 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
01/15/26 254683CY9 0.00 1,149.33 1,149.33
01/15/26 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
01/15/26 02582JKH2 0.00 2,157.37 2,157.37
01/15/26 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
01/15/26 05522RDG0 0.00 678.58 678.58
01/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
01/15/26 891940AC2 0.00 323.69 323.69
01/15/26 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
01/15/26 14041NGD7 0.00 1,804.83 1,804.83
01/15/26 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
01/15/26 05522RDH8 0.00 747.00 747.00
01/15/26 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
01/15/26 92970QAJ4 0.00 1,754.08 1,754.08
01/15/26 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
01/15/26 05522RDK1 0.00 897.92 897.92
01/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
01/15/26 41285JAD0 0.00 212.73 212.73
01/15/26 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
01/15/26 65480JAC4 0.00 108.16 108.16
01/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
01/15/26 31680EAD3 0.00 961.94 961.94
01/15/26 TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
01/15/26 87612EBM7 0.00 390.00 390.00
01/15/26 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
01/15/26 02582JJZ4 0.00 771.08 771.08
01/15/26 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
01/15/26 14318MAD1 0.00 58.46 58.46
01/15/26 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
01/15/26 344928AD8 0.00 194.79 194.79
01/15/26 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
01/15/26 58773DAD6 0.00 2,190.83 2,190.83
01/15/26 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
01/15/26 254683CZ6 0.00 1,437.92 1,437.92
PFM Asset Management, a division of Page 25
U.S. Bancorp Asset Management, Inc.
Managed Account Security Transactions & Interest For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
01/15/26 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
01/15/26 161571HT4 0.00 1,741.50 1,741.50
01/16/26 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
01/16/26 362549AD9 0.00 321.00 321.00
01/16/26 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
01/16/26 36265QAD8 0.00 158.32 158.32
01/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
01/18/26 43815QAC1 0.00 759.43 759.43
01/20/26 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
01/20/26 92348KDY6 0.00 1,559.71 1,559.71
01/20/26 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
01/20/26 73329KAD8 0.00 384.17 384.17
01/20/26 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
01/20/26 05594BAD8 0.00 290.00 290.00
01/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
01/21/26 438123AC5 0.00 284.63 284.63
01/26/26 BANK OF NY MELLON CORP
(CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
01/26/26 06406RBA4 0.00 4,868.75 4,868.75
01/31/26 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
01/31/26 91282CMG3 0.00 46,218.75 46,218.75
Transaction Type Sub-Total 0.00 138,199.32 138,199.32
PAYDOWNS
01/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
01/01/26 3136BQDE6 50.54 50.54 0.00 50.54 0.86 0.45
01/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
01/01/26 3137HBC69 1,115.90 1,115.90 0.00 1,115.90 0.01 0.00 01/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
01/01/26 3137BTUM1 765.22 765.22 0.00 765.22 23.55 6.05 01/25/26 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
01/01/26 3137BNGT5 85,158.51 85,158.50 0.00 85,158.50 3,526.09 84.54 01/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
01/01/26 3137HAD45 498.28 498.28 0.00 498.28 0.02 0.01
PFM Asset Management, a division of Page 26
U.S. Bancorp Asset Management, Inc.
Managed Account Security Transactions & Interest For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
PAYDOWNS
01/25/26 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
01/01/26 3137HDJJ0 59.45 59.45 0.00 59.45 0.00 0.00
01/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
01/15/26 31680EAD3 17,379.86 17,379.86 0.00 17,379.86 1.08 0.56 01/15/26 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
01/15/26 344928AD8 6,380.32 6,380.32 0.00 6,380.32 0.67 0.28 01/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
01/15/26 891940AC2 10,531.17 10,531.17 0.00 10,531.17 0.01 0.00 01/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
01/15/26 41285JAD0 6,751.37 6,751.37 0.00 6,751.37 0.68 0.27 01/15/26 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
01/15/26 65480JAC4 5,460.18 5,460.18 0.00 5,460.18 1.13 0.33 01/15/26 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
01/15/26 14318MAD1 7,623.14 7,623.14 0.00 7,623.14 0.18 0.05 01/16/26 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
01/16/26 36265QAD8 11,172.16 11,172.16 0.00 11,172.16 1.83 0.60 01/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
01/18/26 43815QAC1 16,603.00 16,603.00 0.00 16,603.00 3.42 1.59 01/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
01/21/26 438123AC5 4,640.18 4,640.18 0.00 4,640.18 0.82 0.45 Transaction Type Sub-Total 174,189.28 174,189.27 0.00 174,189.27 3,560.35 95.18 SELL
01/13/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
01/07/26 91282CCH2 600,000.00 568,500.00 269.34 568,769.34 37,757.81 12,055.56 FIFO Transaction Type Sub-Total 600,000.00 568,500.00 269.34 568,769.34 37,757.81 12,055.56 Managed Account Sub-Total (893,197.01) 121,838.23 (771,358.78) 41,318.16 12,150.74 Total Security Transactions ($893,197.01) $121,838.23 ($771,358.78) $41,318.16 $12,150.74 PFM Asset Management, a division of Page 27
U.S. Bancorp Asset Management, Inc.
Account Statement For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
Opening Balance 954,567.99
01/07/26 01/07/26 Redemption - Principal 91282CMG3 1.00 (920,285.16) 34,282.83 01/07/26 01/07/26 Redemption - Interest 91282CMG3 1.00 (16,630.43) 17,652.40 01/08/26 01/08/26 Purchase - Interest 14913R2U0 1.00 1,912.50 19,564.90 01/12/26 01/12/26 Purchase - Interest 89236TKQ7 1.00 8,671.88 28,236.78 01/13/26 01/13/26 Purchase - Interest 91282CCH2 1.00 269.34 28,506.12 01/13/26 01/13/26 Purchase - Principal 91282CCH2 1.00 568,500.00 597,006.12 01/13/26 01/13/26 Redemption - Principal 89158TAA7 1.00 (240,000.00) 357,006.12 01/13/26 01/13/26 Redemption - Principal 89158TAA7 1.00 (335,613.05) 21,393.07 01/14/26 01/14/26 Purchase - Interest 24422EXB0 1.00 9,281.25 30,674.32 01/14/26 01/14/26 Purchase - Interest 61690U8E3 1.00 13,041.00 43,715.32 01/15/26 01/15/26 Purchase - Interest 87612EBM7 1.00 390.00 44,105.32 01/15/26 01/15/26 Purchase - Interest 02582JJZ4 1.00 771.08 44,876.40 01/15/26 01/15/26 Purchase - Interest 02582JKD1 1.00 1,786.92 46,663.32 01/15/26 01/15/26 Purchase - Interest 02582JKH2 1.00 2,157.37 48,820.69 01/15/26 01/15/26 Purchase - Interest 05522RDG0 1.00 678.58 49,499.27 01/15/26 01/15/26 Purchase - Interest 05522RDH8 1.00 747.00 50,246.27 01/15/26 01/15/26 Purchase - Interest 05522RDK1 1.00 897.92 51,144.19 01/15/26 01/15/26 Purchase - Interest 14041NGD7 1.00 1,804.83 52,949.02 01/15/26 01/15/26 Purchase - Interest 14318MAD1 1.00 58.46 53,007.48 01/15/26 01/15/26 Purchase - Interest 161571HT4 1.00 1,741.50 54,748.98 01/15/26 01/15/26 Purchase - Interest 254683CY9 1.00 1,149.33 55,898.31 PFM Asset Management, a division of Page 28
U.S. Bancorp Asset Management, Inc.
Account Statement For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
01/15/26 01/15/26 Purchase - Interest 254683CZ6 1.00 1,437.92 57,336.23 01/15/26 01/15/26 Purchase - Interest 31680EAD3 1.00 961.94 58,298.17 01/15/26 01/15/26 Purchase - Interest 344928AD8 1.00 194.79 58,492.96 01/15/26 01/15/26 Purchase - Interest 41285JAD0 1.00 212.73 58,705.69 01/15/26 01/15/26 Purchase - Interest 437921AD1 1.00 397.71 59,103.40 01/15/26 01/15/26 Purchase - Interest 58773DAD6 1.00 2,190.83 61,294.23 01/15/26 01/15/26 Purchase - Interest 65480JAC4 1.00 108.16 61,402.39 01/15/26 01/15/26 Purchase - Interest 891940AC2 1.00 323.69 61,726.08 01/15/26 01/15/26 Purchase - Interest 92970QAJ4 1.00 1,754.08 63,480.16 01/15/26 01/15/26 Purchase - Principal 14318MAD1 1.00 7,623.14 71,103.30 01/15/26 01/15/26 Purchase - Principal 344928AD8 1.00 6,380.32 77,483.62 01/15/26 01/15/26 Purchase - Principal 31680EAD3 1.00 17,379.86 94,863.48 01/15/26 01/15/26 Purchase - Principal 41285JAD0 1.00 6,751.37 101,614.85 01/15/26 01/15/26 Purchase - Principal 891940AC2 1.00 10,531.17 112,146.02 01/15/26 01/15/26 Purchase - Principal 65480JAC4 1.00 5,460.18 117,606.20 01/16/26 01/16/26 Purchase - Interest 362549AD9 1.00 321.00 117,927.20 01/16/26 01/16/26 Purchase - Interest 36265QAD8 1.00 158.32 118,085.52 01/16/26 01/16/26 Purchase - Principal 36265QAD8 1.00 11,172.16 129,257.68 01/20/26 01/20/26 Purchase - Interest 05594BAD8 1.00 290.00 129,547.68 01/20/26 01/20/26 Purchase - Interest 43815QAC1 1.00 759.43 130,307.11 01/20/26 01/20/26 Purchase - Interest 73329KAD8 1.00 384.17 130,691.28 01/20/26 01/20/26 Purchase - Interest 92348KDY6 1.00 1,559.71 132,250.99 PFM Asset Management, a division of Page 29
U.S. Bancorp Asset Management, Inc.
Account Statement For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
01/20/26 01/20/26 Purchase - Principal 43815QAC1 1.00 16,603.00 148,853.99 01/21/26 01/21/26 Purchase - Interest 438123AC5 1.00 284.63 149,138.62 01/21/26 01/21/26 Purchase - Principal 438123AC5 1.00 4,640.18 153,778.80 01/21/26 01/21/26 Redemption - Principal 89240KAD0 1.00 (139,988.07) 13,790.73 01/26/26 01/26/26 Purchase - Interest 06406RBA4 1.00 4,868.75 18,659.48 01/26/26 01/26/26 Purchase - Interest 3137BXQY1 1.00 1,477.67 20,137.15 01/26/26 01/26/26 Purchase - Interest 3137F1G44 1.00 1,486.38 21,623.53 01/26/26 01/26/26 Purchase - Interest 3137HACX2 1.00 2,208.71 23,832.24 01/26/26 01/26/26 Purchase - Interest 3137HAD45 1.00 1,712.12 25,544.36 01/26/26 01/26/26 Purchase - Interest 3137HAMH6 1.00 3,100.00 28,644.36 01/26/26 01/26/26 Purchase - Interest 3137HAMS2 1.00 2,000.00 30,644.36 01/26/26 01/26/26 Purchase - Interest 3137HAQ74 1.00 1,975.00 32,619.36 01/26/26 01/26/26 Purchase - Interest 3137HAST4 1.00 1,515.63 34,134.99 01/26/26 01/26/26 Purchase - Interest 3137HB3D4 1.00 760.35 34,895.34 01/26/26 01/26/26 Purchase - Interest 3137HB3G7 1.00 1,113.75 36,009.09 01/26/26 01/26/26 Purchase - Interest 3137HBC69 1.00 1,531.52 37,540.61 01/26/26 01/26/26 Purchase - Interest 3137HBLV4 1.00 1,104.90 38,645.51 01/26/26 01/26/26 Purchase - Interest 3137HDJJ0 1.00 2,144.20 40,789.71 01/26/26 01/26/26 Purchase - Interest 3137HDV56 1.00 1,730.67 42,520.38 01/26/26 01/26/26 Purchase - Interest 3137HDXL9 1.00 1,873.99 44,394.37 01/26/26 01/26/26 Purchase - Interest 3137HKXJ8 1.00 698.25 45,092.62 01/26/26 01/26/26 Purchase - Interest 3136BQDE6 1.00 1,829.38 46,922.00 PFM Asset Management, a division of Page 30
U.S. Bancorp Asset Management, Inc.
Account Statement For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
01/26/26 01/26/26 Purchase - Interest 3137BNGT5 1.00 194.80 47,116.80 01/26/26 01/26/26 Purchase - Interest 3137BSP72 1.00 1,215.96 48,332.76 01/26/26 01/26/26 Purchase - Interest 3137BTUM1 1.00 1,009.81 49,342.57 01/26/26 01/26/26 Purchase - Principal 3137BTUM1 1.00 765.22 50,107.79 01/26/26 01/26/26 Purchase - Principal 3137BNGT5 1.00 85,158.50 135,266.29 01/26/26 01/26/26 Purchase - Correction to Principal 3137HBC69 from 01/01/2026 1.00 1,115.90 136,382.19 01/26/26 01/26/26 Purchase - Principal 3137HAD45 1.00 498.28 136,880.47 01/26/26 01/26/26 Purchase - Principal 3137HDJJ0 1.00 59.45 136,939.92 01/26/26 01/26/26 Purchase - Principal 3137HBC69 1.00 1,115.91 138,055.83 01/26/26 01/26/26 Purchase - Principal 3136BQDE6 1.00 50.54 138,106.37 01/26/26 01/26/26 Redemption - Reversal of Principal 3137HBC69 from 01/01/2026 1.00 (1,115.91) 136,990.46 01/30/26 01/30/26 IP Fees December 2025 1.00 (4,240.37) 132,750.09 01/30/26 01/30/26 U.S. Bank Fees November 2025 1.00 (269.06) 132,481.03 01/30/26 02/02/26 Accrual Income Div Reinvestment - Distributions 1.00 806.73 133,287.76 PFM Asset Management, a division of Page 31
U.S. Bancorp Asset Management, Inc.
Account Statement For the Month Ending January 31, 2026
CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned 133,287.76
133,287.76
133,287.76
244,633.78
806.73
0.00 (1,658,142.05)
836,861.82
954,567.99
806.73
133,287.76
0.00 (1,658,142.05)
836,861.82
954,567.99
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Month of Fiscal YTD
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
January January-January
3.85%
PFM Asset Management, a division of Page 32
U.S. Bancorp Asset Management, Inc.
Investment Performance Review
CAMP Accounts
Investment Performance Review
For the Quarter Ended December 31, 2025
Client Management Team
PFM Asset Management
A division of U.S. Bancorp Asset Management, Inc
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public
CITY OF LAKE ELSINORE
Market Update
2 Current Market Themes
▸ U.S. economy remains resilient but government shutdown obscures data ▹ Inflation print likely biased lower due to data collection gaps and technical adjustments ▹ Unemployment rate trends higher with net new job creation near zero ▹ Strong consumer and business spending, along with steadier trade dynamics, support growth ▸ The Fed lowered the target rate by 50 basis points in the fourth quarter to 3.50-3.75% ▹ Fed Chair Powell acknowledged ongoing challenges in achieving the Fed’s dual mandate of maximum employment and price stability
▹ The Fed’s December “dot plot” indicates 25 bps of cuts in both 2026 and 2027, but the wide dispersion in underlying projections highlights differing views on path forward ▹ Markets view policy is skewed towards additional easing assuming a more dovish Chair takes office in mid-2026
▸ Treasury yield curve continues to steepen but remains inverted inside 2 years ▹ Front end Treasury yields moved lower during the fourth quarter on Fed rate cut expectations ▹ Yields were range bound as volatility waned into year end ▹ Credit spreads widened marginally but remain near historically narrow levels Source: Details on market themes and economic indicators provided throughout the body of the presentation. Bloomberg Finance L.P., as of December 31, 2025.
CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Market Update
3 2.7%
2.6%
2.0%
2.5%
3.0%
3.5%
4.0%
May-24 Nov-24 May-25 Nov-25
Consumer Price Index
Year-over-year Change
CPI Core CPI
Gaps in data collection
led to a drop in headline
and core inflation
Source: FOMC Chair Jerome Powell Press Conference, December 10, 2025. Bureau of Labor Statistics and Bloomberg Finance L.P. as of November 2025.
Fed Chair Powell: "The data may be distorted ... because [it] was not collected in October and half of November." Energy
Apparel
Food at Home
Transportation
Home
Furnishings
Price Increases For Key Goods
3-Month Annualized Inflation Rates (Sep-25)
2024
3-Month
Average 2024
+4.1% -0.9%
+5.3% +1.2%
+3.1%
+3.2%
+4.6%
-1.2%
+1.8%
-0.5%
Data Distortions Bias Inflation Lower
CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Market Update
4 -300
-200
0 -100
100
200
300
400
Dec-24 Jun-25 Dec-25
Thousands
Monthly Change In Nonfarm Payrolls Unemployment Rate
Private Ex Health Care & Edu Health Care & Edu Govt
-22K Avg
-173K
Deferred
government
resignations
Private education and health
services remain the primary
driver of payroll gains
56K 50K
4.4%
3%
4%
5%
Dec-22 Dec-23 Dec-24 Dec-25
Fed Chair Powell: “[S]upply of workers has also gone way down, so the unemployment rate hasn’t moved that much. It is a labor market that seems to have significant downside risks…” Labor Market Continues to Cool
CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Market Update
Source: FOMC Chair Jerome Powell Press Conference, December 10, 2025. Bureau of Labor Statistics and Bloomberg Finance L.P. as of December 2025. 5 Fed’s Updated Summary of Economic Projections
Fed Chair Powell: "[T]he baseline [expectation] would be solid growth next year" ... "[We] feel like we have made progress this year in nontariff-related inflation."
1.7%
2.0% 1.9% 1.8%
0%
1%
2%
3%
2025 2026 2027
PCE Inflation
Sep Projections
2028 Longer
Run
Change in Real GDP
Sep Projections Dec Projections
2.3%
2.9%
2.4%
2.1% 2.0% 2.0%
0%
1%
2%
3%
4%
2025 2026 2027 2028 Longer
Run
Dec Projections
4.5% 4.2%
0%
1%
2%
3%
4%
5%
6%
2025 2028 Longer
Run
Unemployment Rate
Sep Projections Dec Projections
4.4% 4.2% 4.2%
2026 2027
Federal Funds Rate
3.6% 3.4% 3.1% 3.1% 3.0%
0%
1%
2%
3%
4%
5%
2025 2026 2027 2028 Longer
Run
Sep Projections Dec Projections
CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Market Update
Source: FOMC Chair Jerome Powell Press Conference, December 10, 2025. Federal Reserve, latest median economic projections, as of December 2025. 6 0%
1%
2%
3%
4%
Dec-25 FOMC Projections
Sep-25 Median
Dec-25 Median
2025 2027
1 cut
2026
1 cut
2028
0 cuts
The December Fed “Dot Plot”
Fed Chair Powell: “[I]t is very unusual to have persistent tension between the two parts of the mandate… But it is not like the normal situation where everyone agrees on the direction and what to do. It is more spread out.” Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy 5%
Longer Term
3.0%
Source: FOMC Chair Jerome Powell Press Conference, December 10, 2025. Federal Reserve; Bloomberg Finance L.P.. Individual dots represent each Fed members’ judgement of
CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Market Update
the midpoint of the appropriate target range for the federal funds rate at each year-end. As of December 2025. 7 3.63%
3.50%
3.47%
3.73%
3.94%
4.17%
4.84%
3.00%
4.00%
4.50%
5.00%
5.50%
Yield
Maturity
U.S. Treasury Yield Curve
1 Year Range
December 31, 2025
September 30, 2025
3mo 2yr 5yr 7yr 10yr 20yr 30yr
Treasury Yield Curve Nears Dis-inversion
CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Market Update
Source: Bloomberg Finance L.P., as of December 31, 2025. 8 3.47%
0%
1%
2% 1.90%
3%
4%
5%
6%
2005 2010 2015 2020 2025
2-Year Treasury
2-Year Treasury Yield
5-Year Avg 10-Year Avg 20-Year Avg
3.21%
2.31%
Treasury Yields Remain Above Historical Averages
CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Market Update
Source: Bloomberg Finance L.P., as of December 31, 2025. 9 Source: ICE BofA 1-5 year Indices via Bloomberg Finance L.P. as of December 31, 2025. Spreads on ABS and MBS are option-adjusted spreads based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries. 140
120
100
80 60
40 20
0 -20
Federal
Agency
Agency
CMBS
Agency MBS AAA Auto
ABS
AAA Credit
Card ABS
AAA
Corp
AA
Corp
A
Corp
BBB
Corp
Basis Points
Sector Yield Spreads
1-5 Year Yield Spreads
2025 Range Dec-25 Spread
CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Market Update
CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index. 10 1.12% 1.08% 1.14% 1.19% 1.26%
0%
2%
4%
6%
8%
U.S. Treasury
Agency
ABS
Corp
A-AAA
Corp BBB
Fixed-Income Index Total Returns in 4Q 2025
1-5 Year Indices
Fourth Quarter 2025 Returns 1-Year Return
5.74%
5.37% 5.33%
7.05%
6.31%
0%
2%
4%
6%
8%
U.S. Treasury
Agency
ABS
Corp
A-AAA
Corp BBB
CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Market Update
Source: ICE BofA Indices. ABS Indices are 0-5 year, based on weighted average life. As of December 31, 2025. 11 Portfolio Review
12 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Snapshot
1. Total market value includes accrued interest and balances invested in CAMP, as of December 31, 2025.
Yield and duration calculations exclude balances invested in CAMP.
The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg Financial LP.
An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.
Portfolio Snapshot - CAMP-LAKE ELSINORE CITY FUNDS¹
Credit Quality - S&P
10%
43%
28%
5% 4%
35%
28%
21%
11%
10%
0%
20% 15%
50%
40%
30%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 47%
Corporate | 25%
Agency CMBS | 15%
ABS | 11%
Joint Powers Authority | 2%
Municipal | <1%
Sector Allocation
AAA| 9%
AAAm | 2%
AA+ | 63%
AA| 2%
AA- | 4%
A+ | 7%
A | 4%
A- | 4%
BBB+ | 1%
Not Rated | 3%
Portfolio Statistics
Total Market Value
Managed Account Sub-Total
Accrued Interest
Pool
Portfolio Effective Duration
Benchmark Effective Duration
Yield At Cost
Yield At Market
Portfolio Credit Quality
$57,353,143.11
$56,182,421.48
$216,153.64
$954,567.99
2.48 years
2.47 years
4.25%
3.70%
AA
13 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Summary
1.7%
11.2%
24.9%
0.4%
15.2%
46.7%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
CAMP - $954,568
ABS - $6,423,452
Corporate - $14,260,254
Municipal - $206,110
Agency CMBS - $8,696,719
U.S. Treasury - $26,812,040
Portfolio Allocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 14 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Compliance
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM").
Certificate of Compliance
During the reporting period for the quarter ended December 31, 2025, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.
Acknowledged : PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. 15 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Characteristics
Historical Sector Allocation - CAMP-LAKE ELSINORE CITY FUNDS 45%
1%
16%
21%
12%
2%Sep-25
47%
15%
25%
11%
2%Dec-25
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 2% 1% <1%
16 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Performance
1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is September 30, 2010.
2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.
3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.
4. The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg Financial LP.
8.0%
6.0%
4.0%
2.0%
0.0%
Return
Portfolio Performance
Portfolio Benchmark
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years¹ Interest Earned² $506,139 $1,948,597 $4,709,876 $5,573,579 $8,798,552 Change in Market Value $164,089 $1,363,270 $2,893,593 $52,833 $1,481,654 Total Dollar Return $670,228 $3,311,867 $7,603,469 $5,626,412 $10,280,206 Total Return³
Portfolio 1.18% 6.12% 4.96% 1.66% 2.17%
Benchmark⁴ 1.12% 5.74% 4.48% 1.34% 1.83%
3 Months 1 Year 3 Years 5 Years 10 Years
Difference 0.07% 0.38% 0.48% 0.32% 0.34%
17 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Performance
1. The lesser of 10 years or since inception is shown. Performance inception date is September 30, 2010.
2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.
3. Realized gains / (losses) are shown on an amortized cost basis.
Accrual Basis Earnings - CAMP-LAKE ELSINORE CITY FUNDS
Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned² $506,139 $1,948,597 $4,709,876 $5,573,579 $8,798,552 Realized Gains / (Losses)³ $7,981 $95,640 ($749,448) ($988,568) ($429,108) Change in Amortized Cost $84,940 $337,601 $1,166,463 $1,066,305 $1,031,885 Total Earnings $599,060 $2,381,838 $5,126,891 $5,651,315 $9,401,328 18 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Summary
Issuer Diversification
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds.
Security Type / Issuer Market Value (%) S&P / Moody's / Fitch U.S. Treasury 47.5%
United States Treasury 47.5% AA / Aa / AA
Agency CMBS 15.4%
Federal Home Loan Mortgage Corp 14.5% AA / Aa / AA
Federal National Mortgage Association 0.9% AA / Aa / AA Municipal 0.4%
State of California 0.4% AA / Aa / AA
Corporate 25.3%
Adobe Inc 0.7% A / A / NR
Air Products and Chemicals Inc 0.6% A / A / NR
Amazon.com Inc 1.0% AA / A / AA
American Express Co 0.5% A / A / A
Analog Devices Inc 0.7% A / A / A
Apple Inc 1.4% AA / Aaa / NR
Bank of America Corp 1.1% A / A / AA
Bank of New York Mellon Corp 0.8% A / Aa / AA
Bayerische Motoren Werke AG 0.3% A / A / NR
Berkshire Hathaway Inc 0.8% AA / Aa / A
BlackRock Inc 1.4% AA / Aa / NR
Bristol-Myers Squibb Co 0.4% A / A / NR
Caterpillar Inc 0.4% A / A / A
Charles Schwab Corp 0.5% A / A / A
Cisco Systems Inc 0.8% AA / A / NR
Citigroup Inc 1.4% A / Aa / A
Deere & Co 0.7% A / A / A
Home Depot Inc 0.7% A / A / A
Honda Motor Co Ltd 0.7% A / A / NR
Security Type / Issuer Market Value (%) S&P / Moody's / Fitch Corporate 25.3%
Lockheed Martin Corp 0.1% A / A / A
Mars Inc 0.2% A / A / NR
Microsoft Corp 1.3% AAA / Aaa / NR
Morgan Stanley 1.0% A / Aa / AA
National Australia Bank Ltd 0.9% AA / Aa / NR
National Rural Utilities Cooperative Fi 0.6% A / A / A
Northern Trust Corp 1.0% A / A / A
Novartis AG 0.9% AA / Aa / NR
PACCAR Inc 0.7% A / A / NR
Shell PLC 1.0% A / Aa / AA
State Street Corp 0.4% A / Aa / AA
Target Corp 0.1% A / A / A
Texas Instruments Inc 0.2% A / Aa / NR
Toyota Motor Corp 0.7% A / A / A
UnitedHealth Group Inc 0.4% A / A / A
Wells Fargo & Co 0.7% BBB / A / A
ABS 11.4%
American Express Co 2.0% AAA / NR / AAA
BA Credit Card Trust 1.1% AAA / Aaa / AAA
Bank of America Corp 0.1% NR / Aaa / AAA
Capital One Financial Corp 0.9% AAA / NR / AAA
CarMax Inc 0.0% AAA / NR / AAA
Citigroup Inc 1.0% AAA / Aaa / NR
Discover Card Execution Note Trust 1.2% AAA / Aaa / AAA Fifth Third Auto Trust 0.4% AAA / Aaa / NR
Ford Credit Auto Owner Trust 0.1% AAA / NR / AAA
19 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Summary
Issuer Diversification
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds.
Security Type / Issuer Market Value (%) S&P / Moody's / Fitch ABS 11.4%
GM Financial Consumer Automobile Receiv 0.2% AAA / Aaa / AAA Harley-Davidson Inc 0.1% NR / Aaa / AAA
Honda Auto Receivables Owner Trust 0.6% AAA / Aaa / AAA JPMorgan Chase & Co 0.7% AAA / NR / AAA
Mercedes-Benz Auto Receivables Trust 1.0% NR / Aaa / AAA Nissan Auto Receivables Owner Trust 0.1% AAA / Aaa / NR Porsche Innovative Lease Owner 0.2% AAA / NR / AAA
Toyota Auto Receivables Owner Trust 0.1% AAA / NR / AAA Verizon Master Trust 0.7% NR / Aaa / AAA
WF Card Issuance Trust 0.9% AAA / NR / AAA
Total 100.0%
20 Portfolio Transactions
21 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP Security Description Coupon
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)
BUY
10/1/2025 10/6/2025 975,000.00 91282CMG3 US TREASURY N/B 4.25% 1/31/2030 1,004,786.52 3.67% 11/3/2025 11/5/2025 510,000.00 66989HAY4 NOVARTIS CAPITAL CORP (CALLABLE) 4.10% 11/5/2030 508,470.00 4.17% 11/3/2025 11/6/2025 125,000.00 822905AN5 SHELL FINANCE US INC (CALLABLE) 4.12% 11/6/2030 124,520.00 4.21% 11/4/2025 11/6/2025 450,000.00 822905AN5 SHELL FINANCE US INC (CALLABLE) 4.12% 11/6/2030 449,136.00 4.17% 11/4/2025 11/7/2025 300,000.00 91282CMG3 US TREASURY N/B 4.25% 1/31/2030 310,250.34 3.66% 11/12/2025 11/19/2025 115,000.00 665859AY0 NORTHERN TRUST CORP 4.15% 11/19/2030 114,943.65 4.16% 11/13/2025 11/19/2025 460,000.00 665859AY0 NORTHERN TRUST CORP 4.15% 11/19/2030 459,443.40 4.18% 11/17/2025 11/20/2025 575,000.00 023135CT1 AMAZON.COM INC (CALLABLE) 4.10% 11/20/2030 574,384.75 4.12% Total BUY
CALL
3,510,000.00 3,545,934.66 0.00
12/4/2025 12/4/2025 164,000.00 110122DE5 BRISTOL-MYERS SQUIBB CO (CALLABLE) 3.90% 2/20/2028 166,318.47 3.76% 3,749.34 Total CALL
INTEREST
164,000.00 166,318.47 3,749.34
10/1/2025 10/1/2025 808513BW4 CHARLES SCHWAB CORP (CALLABLE) 3.30% 4/1/2027 4,950.00 10/1/2025 10/25/2025 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 10/1/2025 10/25/2025 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,718.70 10/1/2025 10/25/2025 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 22 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
10/1/2025 10/25/2025 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 10/1/2025 10/25/2025 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 10/1/2025 10/25/2025 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,829.99 10/1/2025 10/25/2025 3137HKXJ8 FHMS K539 A2 4.41% 1/1/2030 698.25 10/1/2025 10/25/2025 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 10/1/2025 10/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 536.57 10/1/2025 10/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 10/1/2025 10/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,015.29 10/1/2025 10/25/2025 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 10/1/2025 10/25/2025 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,545.96 10/1/2025 10/25/2025 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 10/1/2025 10/25/2025 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 10/1/2025 10/25/2025 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 10/1/2025 10/25/2025 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,144.92 10/1/2025 10/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 10/1/2025 10/25/2025 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 10/1/2025 10/25/2025 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 For the Quarter Ended December 31, 2025
23 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
10/4/2025 10/4/2025 00724PAF6 ADOBE INC (CALLABLE) 4.80% 4/4/2029 9,000.00 10/15/2025 10/15/2025 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 897.92 10/15/2025 10/15/2025 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 10/15/2025 10/15/2025 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 10/15/2025 10/15/2025 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 10/15/2025 10/15/2025 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 397.71 10/15/2025 10/15/2025 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 1,010.63 10/15/2025 10/15/2025 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 10/15/2025 10/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 139.52 10/15/2025 10/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 169.44 10/15/2025 10/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 10/15/2025 10/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,209.43 10/15/2025 10/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,190.83 10/15/2025 10/15/2025 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 10/15/2025 10/15/2025 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 10/15/2025 10/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 451.98 10/15/2025 10/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 For the Quarter Ended December 31, 2025
24 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
10/15/2025 10/15/2025 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 1,754.08 10/15/2025 10/15/2025 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 10/15/2025 10/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 263.76 10/15/2025 10/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 308.24 10/16/2025 10/16/2025 362549AD9 GMCAR 2025-2 A3 4.28% 4/16/2030 321.00 10/16/2025 10/16/2025 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 298.94 10/18/2025 10/18/2025 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 989.31 10/20/2025 10/20/2025 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 1,559.71 10/20/2025 10/20/2025 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 384.17 10/20/2025 10/20/2025 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 290.00 10/21/2025 10/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 351.53 10/23/2025 10/23/2025 95000U3T8 WELLS FARGO & COMPANY (CALLABLE) 4.97% 4/23/2029 9,940.00 10/24/2025 10/24/2025 857477DB6 STATE STREET CORP (CALLABLE) 4.83% 4/24/2030 4,834.00 10/27/2025 10/27/2025 89115B6K1 TORONTO DOMINION BANK NY 5.60% 10/27/2025 25,690.00 11/1/2025 11/1/2025 13077DQD7 CALIFORNIA ST UNIV-B 0.86% 11/1/2025 366.35 11/1/2025 11/25/2025 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 11/1/2025 11/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 For the Quarter Ended December 31, 2025
25 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
11/1/2025 11/25/2025 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 11/1/2025 11/25/2025 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 11/1/2025 11/25/2025 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 11/1/2025 11/25/2025 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,716.46 11/1/2025 11/25/2025 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 11/1/2025 11/25/2025 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 11/1/2025 11/25/2025 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,144.66 11/1/2025 11/25/2025 3137HKXJ8 FHMS K539 A2 4.41% 1/1/2030 698.25 11/1/2025 11/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 445.38 11/1/2025 11/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,014.17 11/1/2025 11/25/2025 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 11/1/2025 11/25/2025 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,540.82 11/1/2025 11/25/2025 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 11/1/2025 11/25/2025 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 11/1/2025 11/25/2025 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,833.51 11/1/2025 11/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 11/1/2025 11/25/2025 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 For the Quarter Ended December 31, 2025
26 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
11/1/2025 11/25/2025 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 11/3/2025 11/3/2025 65558UYF3 NORDEA BANK ABP NEW YORK 5.53% 11/3/2025 12,442.50 11/7/2025 11/7/2025 3135G06G3 FANNIE MAE 0.50% 11/7/2025 1,625.00 11/8/2025 11/8/2025 69371RT71 PACCAR FINANCIAL CORP 4.55% 5/8/2030 9,100.00 11/9/2025 11/9/2025 06051GMT3 BANK OF AMERICA CORP (CALLABLE) 4.62% 5/9/2029 13,869.00 11/15/2025 11/15/2025 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 897.92 11/15/2025 11/15/2025 91324PEC2 UNITEDHEALTH GROUP INC (CALLABLE) 1.15% 5/15/2026 1,293.75 11/15/2025 11/15/2025 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 11/15/2025 11/15/2025 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 11/15/2025 11/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,119.84 11/15/2025 11/15/2025 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 11/15/2025 11/15/2025 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 11/15/2025 11/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 147.15 11/15/2025 11/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 273.97 11/15/2025 11/15/2025 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 11/15/2025 11/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 11/15/2025 11/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 For the Quarter Ended December 31, 2025
27 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
11/15/2025 11/15/2025 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 11/15/2025 11/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,190.83 11/15/2025 11/15/2025 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 1,754.08 11/15/2025 11/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 111.34 11/15/2025 11/15/2025 912828U24 US TREASURY N/B 2.00% 11/15/2026 750.00 11/15/2025 11/15/2025 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 397.71 11/15/2025 11/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 238.81 11/15/2025 11/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 406.91 11/15/2025 11/15/2025 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 11/15/2025 11/15/2025 539830BZ1 LOCKHEED MARTIN CORP (CALLABLE) 4.45% 5/15/2028 1,335.00 11/16/2025 11/16/2025 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 249.09 11/16/2025 11/16/2025 362549AD9 GMCAR 2025-2 A3 4.28% 4/16/2030 321.00 11/18/2025 11/18/2025 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 908.88 11/20/2025 11/20/2025 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 1,559.71 11/20/2025 11/20/2025 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 290.00 11/20/2025 11/20/2025 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 384.17 11/21/2025 11/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 327.99 For the Quarter Ended December 31, 2025
28 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
12/1/2025 12/25/2025 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 12/1/2025 12/25/2025 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,144.45 12/1/2025 12/25/2025 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,829.60 12/1/2025 12/25/2025 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 12/1/2025 12/25/2025 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 12/1/2025 12/25/2025 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 12/1/2025 12/25/2025 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,536.78 12/1/2025 12/25/2025 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,714.50 12/1/2025 12/25/2025 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 12/1/2025 12/25/2025 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 12/1/2025 12/25/2025 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 12/1/2025 12/25/2025 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 12/1/2025 12/25/2025 3137HKXJ8 FHMS K539 A2 4.41% 1/1/2030 698.25 12/1/2025 12/25/2025 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 12/1/2025 12/25/2025 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 12/1/2025 12/25/2025 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 12/1/2025 12/25/2025 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 For the Quarter Ended December 31, 2025
29 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
12/1/2025 12/25/2025 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 12/1/2025 12/25/2025 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 343.14 12/1/2025 12/25/2025 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 1,012.06 12/9/2025 12/9/2025 63254ABE7 NATIONAL AUSTRALIA BK/NY 3.90% 6/9/2027 9,762.50 12/15/2025 12/15/2025 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 214.83 12/15/2025 12/15/2025 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 126.40 12/15/2025 12/15/2025 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 12/15/2025 12/15/2025 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 240.92 12/15/2025 12/15/2025 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 1,754.08 12/15/2025 12/15/2025 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 12/15/2025 12/15/2025 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 1,149.33 12/15/2025 12/15/2025 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 12/15/2025 12/15/2025 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 12/15/2025 12/15/2025 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 12/15/2025 12/15/2025 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 12/15/2025 12/15/2025 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 1,033.50 12/15/2025 12/15/2025 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 897.92 For the Quarter Ended December 31, 2025
30 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
12/15/2025 12/15/2025 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,190.83 12/15/2025 12/15/2025 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 12/15/2025 12/15/2025 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 397.71 12/15/2025 12/15/2025 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 363.23 12/15/2025 12/15/2025 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 12/15/2025 12/15/2025 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 83.64 12/15/2025 12/15/2025 032654BE4 ANALOG DEVICES INC (CALLABLE) 4.50% 6/15/2030 8,950.00 12/16/2025 12/16/2025 362549AD9 GMCAR 2025-2 A3 4.28% 4/16/2030 321.00 12/16/2025 12/16/2025 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 200.80 12/18/2025 12/18/2025 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 829.03 12/20/2025 12/20/2025 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 384.17 12/20/2025 12/20/2025 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 1,559.71 12/20/2025 12/20/2025 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 290.00 12/21/2025 12/21/2025 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 304.95 12/21/2025 12/21/2025 17305EHA6 CCCIT 2025-A1 A 4.30% 6/21/2030 11,496.53 12/25/2025 12/25/2025 437076DC3 HOME DEPOT INC (CALLABLE) 4.75% 6/25/2029 8,906.25 12/31/2025 12/31/2025 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 124,687.50 For the Quarter Ended December 31, 2025
31 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
INTEREST
12/31/2025 12/31/2025 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 184,843.75 12/31/2025 12/31/2025 91282CCH2 US TREASURY N/B 1.25% 6/30/2028 49,375.00 Total INTEREST 0.00 658,651.78 0.00
MATURITY
10/27/2025 10/27/2025 450,000.00 89115B6K1 TORONTO DOMINION BANK NY 5.60% 10/27/2025 450,000.00 11/1/2025 11/1/2025 85,000.00 13077DQD7 CALIFORNIA ST UNIV-B 0.86% 11/1/2025 85,000.00 11/3/2025 11/3/2025 450,000.00 65558UYF3 NORDEA BANK ABP NEW YORK 5.53% 11/3/2025 450,000.00 11/7/2025 11/7/2025 650,000.00 3135G06G3 FANNIE MAE 0.50% 11/7/2025 650,000.00 Total MATURITY 1,635,000.00 1,635,000.00 0.00
PAYDOWNS
10/1/2025 10/25/2025 59.76 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 59.76 0.57 10/1/2025 10/25/2025 1,268.54 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,268.54 0.01 10/1/2025 10/25/2025 39,863.63 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 39,863.63 187.99 10/1/2025 10/25/2025 63.65 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 63.65 10/1/2025 10/25/2025 400.07 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 400.08 4.05 10/1/2025 10/25/2025 562.86 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 562.86 10/15/2025 10/15/2025 6,439.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 6,439.00 0.32 For the Quarter Ended December 31, 2025
32 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
PAYDOWNS
10/15/2025 10/15/2025 245,000.00 14041NGB1 COMET 2022-A3 A 4.95% 10/15/2027 245,000.00 15.53 10/15/2025 10/15/2025 8,144.62 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 8,144.62 0.37 10/15/2025 10/15/2025 11,681.01 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 11,681.01 10/15/2025 10/15/2025 8,520.41 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 8,520.41 0.06 10/15/2025 10/15/2025 5,998.11 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 5,998.11 0.42 10/15/2025 10/15/2025 19,441.89 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 19,441.89 0.69 10/16/2025 10/16/2025 12,411.76 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 12,411.76 0.77 10/18/2025 10/18/2025 17,841.60 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 17,841.60 1.91 10/21/2025 10/21/2025 4,983.59 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 4,983.59 0.53 11/1/2025 11/25/2025 759.96 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 759.96 7.12 11/1/2025 11/25/2025 492.32 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 492.32 0.01 11/1/2025 11/25/2025 997.97 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 997.97 11/1/2025 11/25/2025 50.03 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 50.03 0.47 11/1/2025 11/25/2025 52.68 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 52.68 11/1/2025 11/25/2025 44,692.88 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 44,692.88 155.29 11/15/2025 11/15/2025 6,186.55 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 6,186.55 0.29 11/15/2025 11/15/2025 8,372.08 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 8,372.08 0.06 For the Quarter Ended December 31, 2025
33 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
PAYDOWNS
11/15/2025 11/15/2025 18,733.91 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 18,733.91 0.64 11/15/2025 11/15/2025 7,854.19 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 7,854.19 0.34 11/15/2025 11/15/2025 11,319.36 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 11,319.36 11/15/2025 11/15/2025 5,581.61 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 5,581.61 0.37 11/16/2025 11/16/2025 12,022.62 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 12,022.62 0.71 11/18/2025 11/18/2025 17,711.93 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 17,711.93 1.83 11/21/2025 11/21/2025 4,876.18 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 4,876.18 0.50 12/1/2025 12/25/2025 598.54 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 598.54 0.01 12/1/2025 12/25/2025 805.97 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 805.97 6.96 12/1/2025 12/25/2025 1,300.30 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,300.26 -0.04 12/1/2025 12/25/2025 64.23 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 64.23 12/1/2025 12/25/2025 60.25 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 60.25 0.54 12/1/2025 12/25/2025 64,849.88 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 64,849.88 144.86 12/15/2025 12/15/2025 15,529.33 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 15,529.33 0.52 12/15/2025 12/15/2025 6,697.47 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 6,697.47 0.28 12/15/2025 12/15/2025 10,248.39 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 10,248.39 12/15/2025 12/15/2025 7,611.10 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 7,611.10 0.05 For the Quarter Ended December 31, 2025
34 CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)
PAYDOWNS
12/15/2025 12/15/2025 4,906.42 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 4,906.42 0.31 12/15/2025 12/15/2025 5,172.69 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 5,172.69 0.24 12/16/2025 12/16/2025 10,574.82 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 10,574.82 0.60 12/18/2025 12/18/2025 15,437.43 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 15,437.43 1.54 12/21/2025 12/21/2025 4,300.19 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 4,300.19 0.43 Total PAYDOWNS 670,541.78 670,541.75 537.15
SELL
11/17/2025 11/20/2025 200,000.00 91282CCH2 US TREASURY N/B 1.25% 6/30/2028 189,330.85 3,694.65 Total SELL 200,000.00 189,330.85 3,694.65
For the Quarter Ended December 31, 2025
35 Portfolio Holdings
36 CITY OF LAKE ELSINORE Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value U.S. Treasury
US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
912828U24 75,000.00 AA+ Aa1 1/13/2023 1/17/2023 70,441.41 3.72 194.75 73,963.07 74,009.03
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 225,000.00 AA+ Aa1 7/1/2024 7/3/2024 198,641.60 4.49 7.77 207,967.98 212,950.12
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,300,000.00 AA+ Aa1 8/1/2024 8/5/2024 1,173,960.94 3.96 44.89 1,217,124.22 1,230,378.50
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,275,000.00 AA+ Aa1 9/4/2024 9/6/2024 1,169,364.26 3.59 44.03 1,204,228.32 1,206,717.37
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 2,700,000.00 AA+ Aa1 6/6/2024 6/11/2024 2,388,339.85 4.39 93.23 2,501,478.07 2,555,401.50
US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 2,400,000.00 AA+ Aa1 10/1/2024 10/7/2024 2,211,468.75 3.51 82.87 2,271,086.12 2,271,468.00
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,375,000.00 AA+ Aa1 1/2/2025 1/7/2025 1,344,653.32 4.36 142.44 1,351,675.18 1,382,788.00
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,475,000.00 AA+ Aa1 2/3/2025 2/6/2025 1,444,693.36 4.33 152.80 1,451,250.42 1,483,354.40
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 2,600,000.00 AA+ Aa1 12/3/2024 12/6/2024 2,565,773.44 4.10 269.34 2,574,239.36 2,614,726.40
US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,200,000.00 AA+ Aa1 10/31/2024 11/5/2024 1,182,093.75 4.14 124.31 1,186,771.93 1,206,796.80
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 1,500,000.00 AA+ Aa1 5/1/2025 5/6/2025 1,476,796.88 3.65 134.67 1,480,225.10 1,482,891.00
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 925,000.00 AA+ Aa1 8/1/2025 8/5/2025 902,236.33 3.94 83.05 904,438.27 914,449.45
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 600,000.00 AA+ Aa1 7/1/2025 7/3/2025 589,054.69 3.75 53.87 590,325.85 593,156.40
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 2,650,000.00 AA+ Aa1 3/3/2025 3/6/2025 2,565,117.19 4.06 237.91 2,580,156.97 2,619,774.10
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 3,900,000.00 AA+ Aa1 9/2/2025 9/5/2025 3,841,652.34 3.67 350.14 3,846,243.27 3,855,516.60 For the Quarter Ended December 31, 2025
37 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Trade
Date
Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Value
U.S. Treasury
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 4/1/2025 4/4/2025 878,414.06 3.87 80.80 881,946.02 889,734.60
US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 6/2/2025 6/5/2025 875,566.41 3.98 80.80 878,767.24 889,734.60
US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 975,000.00 AA+ Aa1 10/1/2025 10/6/2025 997,242.19 3.67 17,340.69 996,115.00 996,671.33
US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 300,000.00 AA+ Aa1 11/4/2025 11/7/2025 306,820.31 3.66 5,335.60 306,598.55 306,668.10 Security Type Sub-Total 27,275,000.00 26,182,331.08 3.94 24,853.96 26,504,600.94 26,787,186.30 Municipal
CA ST
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 3/9/2023 3/15/2023 200,000.00 4.85 3,230.67 200,000.00 202,879.80 Security Type Sub-Total 200,000.00 200,000.00 4.85 3,230.67 200,000.00 202,879.80 Joint Powers Authority
CAMP Pool 954,567.99 AAAm NR 954,567.99 0.00 954,567.99 954,567.99 Security Type Sub-Total 954,567.99 954,567.99 0.00 954,567.99 954,567.99 Corporate
UNITEDHEALTH GROUP INC
(CALLABLE)
91324PEC2 225,000.00 A+ A2 5/17/2021 5/19/2021 224,608.50 1.19 330.63 224,970.79 222,788.48 DTD 05/19/2021 1.150% 05/15/2026
BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 8/12/2021 8/16/2021 174,947.50 1.26 844.62 174,993.54 172,213.83
CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 1/11/2022 1/13/2022 223,863.75 1.81 1,838.13 224,767.69 220,529.25
TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 1/19/2022 1/24/2022 39,932.00 1.99 359.67 39,985.80 39,280.72 38 CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Corporate
BANK OF NY MELLON CORP
(CALLABLE)
06406RBA4 475,000.00 A Aa3 1/26/2022 1/28/2022 473,945.50 2.10 4,192.53 474,774.20 466,200.62 DTD 01/26/2022 2.050% 01/26/2027
MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 3/14/2023 3/17/2023 721,942.50 4.36 9,968.75 742,078.12 747,097.50
AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 A- A2 1/13/2023 1/18/2023 277,203.00 4.59 2,486.25 293,510.68 295,655.70
BERKSHIRE HATHAWAY FIN
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 3/15/2022 3/17/2022 466,089.00 2.70 3,216.81 472,849.07 467,517.80
CHARLES SCHWAB CORP
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 2/17/2023 2/22/2023 284,925.00 4.66 2,475.00 295,413.29 298,010.10
NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa2 1/13/2023 1/18/2023 488,325.00 4.50 1,193.19 496,174.79 501,125.50
APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 775,000.00 AA+ Aaa 1/19/2023 1/23/2023 741,062.75 3.94 6,804.93 762,576.00 765,493.08
TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 2/8/2023 2/10/2023 376,282.50 4.55 8,141.93 375,529.07 380,836.12
NATIONAL RURAL UTIL COOP
(CALLABLE)
637432NP6 350,000.00 A- A1 2/17/2023 2/22/2023 329,189.00 4.76 4,760.00 341,185.93 346,556.70 DTD 02/07/2018 3.400% 02/07/2028
TEXAS INSTRUMENTS INC
(CALLABLE)
882508BV5 85,000.00 A+ Aa3 5/11/2023 5/18/2023 87,043.40 4.04 1,477.11 85,894.37 86,330.34 DTD 11/18/2022 4.600% 02/15/2028
BRISTOL-MYERS SQUIBB CO
(CALLABLE)
110122DE5 211,000.00 A A2 3/9/2023 3/13/2023 201,583.07 4.93 2,994.44 206,924.81 211,415.04 DTD 07/15/2020 3.900% 02/20/2028
LOCKHEED MARTIN CORP
(CALLABLE)
539830BZ1 60,000.00 A- A2 5/23/2023 5/25/2023 59,892.00 4.49 341.17 59,948.47 60,733.92 DTD 05/25/2023 4.450% 05/15/2028
MORGAN STANLEY BANK NA
(CALLABLE)
61690U8E3 525,000.00 A+ Aa3 7/18/2024 7/19/2024 525,525.00 4.94 12,099.15 525,280.10 532,320.60 DTD 07/19/2024 4.968% 07/14/2028
For the Quarter Ended December 31, 2025
39 CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Corporate
JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 375,000.00 A A1 7/21/2023 7/25/2023 377,865.00 4.78 8,610.94 376,462.13 385,098.00
CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 750,000.00 A+ Aa3 10/2/2023 10/4/2023 746,280.00 5.92 11,122.42 747,821.39 786,504.75
AIR PRODUCTS & CHEMICALS
(CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
009158BH8 340,000.00 A A2 2/6/2024 2/8/2024 339,547.80 4.63 6,212.56 339,707.44 345,968.02
CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 420,000.00 AA- A1 2/21/2024 2/26/2024 419,853.00 4.86 7,072.92 419,904.12 431,093.04
BLACKROCK FUNDING INC
(CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 725,000.00 AA- Aa3 3/6/2024 3/14/2024 725,355.25 4.69 10,127.85 725,238.80 741,110.95
BLACKROCK FUNDING INC
(CALLABLE)
09290DAA9 50,000.00 AA- Aa3 3/5/2024 3/14/2024 49,909.50 4.74 698.47 49,939.77 51,111.10 DTD 03/14/2024 4.700% 03/14/2029
ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 205,000.00 A+ A1 4/1/2024 4/4/2024 204,694.55 4.83 2,378.00 204,792.88 210,227.50
ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 170,000.00 A+ A1 4/2/2024 4/4/2024 169,775.60 4.83 1,972.00 169,847.99 174,335.00
WELLS FARGO & COMPANY
(CALLABLE)
95000U3T8 290,000.00 BBB+ A1 4/15/2025 4/23/2025 290,000.00 4.97 2,722.46 290,000.00 295,398.06 DTD 04/23/2025 4.970% 04/23/2029
WELLS FARGO & COMPANY
(CALLABLE)
95000U3T8 110,000.00 BBB+ A1 4/16/2025 4/23/2025 110,088.00 4.95 1,032.66 110,069.07 112,047.54 DTD 04/23/2025 4.970% 04/23/2029
BANK OF AMERICA CORP
(CALLABLE)
06051GMT3 600,000.00 A- A1 5/6/2025 5/9/2025 600,000.00 4.62 4,006.60 600,000.00 607,959.60 DTD 05/09/2025 4.623% 05/09/2029
HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 125,000.00 A A2 6/17/2024 6/25/2024 124,193.75 4.90 98.96 124,418.09 128,155.50
HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 250,000.00 A A2 6/18/2024 6/25/2024 248,627.50 4.88 197.92 249,009.94 256,311.00
AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
02665WFQ9 400,000.00 A- A3 9/3/2024 9/5/2024 399,520.00 4.43 5,671.11 399,637.25 404,038.80 For the Quarter Ended December 31, 2025
40 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Trade
Date
Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Value
Corporate
MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
571676AY1 115,000.00 A A2 3/5/2025 3/12/2025 114,875.80 4.83 1,840.00 114,893.96 117,525.74
STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
857477DB6 200,000.00 A Aa3 4/22/2025 4/24/2025 200,000.00 4.83 1,799.32 200,000.00 205,906.20
PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
69371RT71 400,000.00 A+ A1 5/5/2025 5/8/2025 399,380.00 4.59 2,679.44 399,453.34 407,387.60
ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
032654BE4 400,000.00 A- A2 6/12/2025 6/16/2025 399,648.00 4.52 800.00 399,683.63 405,426.80
NOVARTIS CAPITAL CORP
(CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
66989HAY4 510,000.00 AA- Aa3 11/3/2025 11/5/2025 508,470.00 4.17 3,252.67 508,515.26 509,456.34
SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 450,000.00 A+ Aa2 11/4/2025 11/6/2025 449,136.00 4.17 2,835.94 449,160.75 449,941.05
SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 125,000.00 A+ Aa2 11/3/2025 11/6/2025 124,520.00 4.21 787.76 124,533.72 124,983.63
NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 460,000.00 A+ A2 11/13/2025 11/19/2025 459,443.40 4.18 2,227.17 459,456.54 460,498.18
NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 115,000.00 A+ A2 11/12/2025 11/19/2025 114,943.65 4.16 556.79 114,945.13 115,124.55 AMAZON.COM INC (CALLABLE)
DTD 11/20/2025 4.100% 11/20/2030
023135CT1 575,000.00 AA A1 11/17/2025 11/20/2025 574,384.75 4.12 2,684.93 574,397.54 575,626.75 Security Type Sub-Total 14,006,000.00 13,846,871.02 4.32 144,913.20 13,948,745.46 14,115,341.00 Agency CMBS
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 85,158.51 AA+ Aa1 4/11/2023 4/14/2023 81,632.41 4.32 194.80 85,073.96 84,937.61 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 550,000.00 AA+ Aa1 4/6/2023 4/12/2023 526,839.84 3.98 1,215.96 545,532.17 545,289.25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 362,046.14 AA+ Aa1 5/19/2023 5/24/2023 350,901.91 4.29 1,009.81 359,182.75 360,027.37 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 550,000.00 AA+ Aa1 8/16/2023 8/18/2023 518,804.69 4.94 1,477.67 539,320.96 546,198.40 41 CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Agency CMBS
FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 550,000.00 AA+ Aa1 6/8/2023 6/13/2023 527,033.20 4.42 1,486.38 542,179.41 545,939.35 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 378,307.77 AA+ Aa1 12/6/2023 12/14/2023 378,304.74 4.86 1,531.52 378,306.91 384,835.09 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 430,091.04 AA+ Aa1 7/19/2023 7/27/2023 430,080.32 4.78 1,712.12 430,085.62 433,864.66 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 550,000.00 AA+ Aa1 7/13/2023 7/20/2023 555,493.40 4.59 2,208.71 552,766.82 561,089.65 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 525,000.66 AA+ Aa1 7/18/2023 7/31/2023 516,100.26 4.58 1,829.19 520,416.51 528,275.62 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 500,000.00 AA+ Aa1 10/11/2023 10/19/2023 489,032.00 5.25 1,975.00 493,646.47 510,396.50 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 800,000.00 AA+ Aa1 9/7/2023 9/14/2023 788,165.60 4.99 3,100.00 793,281.25 813,404.00 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 375,000.00 AA+ Aa1 10/25/2023 10/31/2023 363,043.88 5.60 1,515.63 367,804.70 384,261.00 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 500,000.00 AA+ Aa1 9/20/2023 9/28/2023 494,023.50 5.07 2,000.00 496,480.24 510,527.00 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 275,000.00 AA+ Aa1 11/28/2023 12/7/2023 274,209.93 4.93 1,113.75 274,520.21 281,572.50 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 180,000.00 AA+ Aa1 11/14/2023 11/21/2023 179,479.62 5.14 760.35 179,685.94 185,075.10 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 290,000.00 AA+ Aa1 2/1/2024 2/8/2024 292,899.71 4.34 1,104.90 291,849.29 294,919.27 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 440,000.00 AA+ Aa1 7/16/2024 7/25/2024 442,702.04 4.58 1,730.67 441,996.36 449,962.48 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 535,714.31 AA+ Aa1 6/5/2024 6/13/2024 535,712.70 4.80 2,144.20 535,714.31 548,810.92 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 495,000.00 AA+ Aa1 8/7/2024 8/15/2024 499,630.23 4.33 1,873.99 498,442.71 503,744.67 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 190,000.00 AA+ Aa1 4/15/2025 4/24/2025 189,993.35 4.41 698.25 189,994.33 192,905.29 Security Type Sub-Total 8,561,318.43 8,434,083.33 4.73 30,682.90 8,516,280.92 8,666,035.73 For the Quarter Ended December 31, 2025
42 CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value ABS
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 17,670.14 AAA NR 7/12/2022 7/20/2022 17,669.72 3.97 31.18 17,670.02 17,669.57 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 29,102.54 AAA Aaa 9/20/2022 9/28/2022 29,096.52 4.46 57.69 29,100.75 29,133.13 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 39,416.71 AAA NR 10/4/2022 10/12/2022 39,410.25 4.82 79.16 39,414.55 39,472.21 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 83,894.50 AAA NR 1/24/2023 1/30/2023 83,894.46 4.63 172.64 83,894.48 84,087.29 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 50,550.00 NR Aaa 2/13/2023 2/23/2023 50,544.91 5.05 113.46 50,547.93 50,702.20 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 50,268.56 AAA NR 3/28/2023 3/31/2023 50,263.32 4.65 103.89 50,266.28 50,399.56 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 168,450.33 AAA NR 8/15/2023 8/22/2023 168,415.59 5.42 329.09 168,433.84 169,630.32 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 320,000.00 NR Aaa 4/4/2023 4/11/2023 319,981.44 4.31 612.98 319,991.69 320,325.44 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 190,000.00 AAA NR 6/7/2023 6/14/2023 189,983.15 4.87 411.24 189,991.87 190,695.02 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 490,000.00 AAA NR 5/17/2023 5/24/2023 489,887.64 4.42 962.58 489,946.42 490,939.33 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 170,000.00 AAA NR 6/8/2023 6/16/2023 169,961.51 4.79 361.91 169,981.42 170,566.95 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 350,000.00 AAA Aaa 6/21/2023 6/28/2023 349,952.72 4.93 766.89 349,976.61 351,768.90 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 60,238.81 NR Aaa 11/1/2023 11/8/2023 60,228.21 5.67 94.88 60,232.85 60,896.20 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 208,739.25 AAA Aaa 8/15/2023 8/23/2023 208,726.30 5.53 513.03 208,732.43 210,469.90 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 405,000.00 AAA NR 9/7/2023 9/15/2023 404,887.73 5.17 928.80 404,935.70 408,811.46 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 410,000.00 AAA NR 9/12/2023 9/19/2023 409,981.67 5.23 953.02 409,989.68 414,043.83 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 100,000.00 AAA NR 5/14/2025 5/21/2025 99,989.29 4.61 140.86 99,991.34 101,137.00 For the Quarter Ended December 31, 2025
43 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Trade
Date
Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Value
ABS
BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 180,000.00 NR Aaa 12/7/2023 12/14/2023 179,975.83 4.98 398.40 179,985.58 181,868.40 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 495,000.00 AAA NR 4/16/2024 4/23/2024 494,898.53 5.23 1,150.60 494,898.53 504,356.99 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 115,000.00 NR Aaa 4/29/2025 5/8/2025 114,987.15 4.15 212.11 114,989.13 115,703.46 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 80,000.00 NR Aaa 5/6/2025 5/12/2025 79,994.48 4.35 106.33 79,995.43 80,530.08 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 550,000.00 NR Aaa 4/8/2025 4/9/2025 553,673.83 4.62 1,168.44 553,155.89 557,960.15 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 415,000.00 NR Aaa 3/25/2025 3/31/2025 414,982.16 4.51 571.89 414,985.67 418,298.42 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 90,000.00 AAA Aaa 5/6/2025 5/14/2025 89,986.75 4.28 160.50 89,988.38 90,682.11 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 250,000.00 AAA NR 6/5/2025 6/12/2025 249,999.05 4.31 478.89 250,000.00 253,005.75 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 485,000.00 AAA NR 6/3/2025 6/10/2025 484,991.95 4.34 935.51 484,994.21 491,438.38 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
17305EHA6 550,000.00 AAA Aaa 6/18/2025 6/26/2025 549,850.79 4.31 656.94 549,864.84 556,386.60 Security Type Sub-Total 6,353,330.84 6,356,214.95 4.73 12,472.91 6,355,955.52 6,410,978.65 Managed Account Sub Total 56,395,649.27 55,019,500.38 4.25 216,153.64 55,525,582.84 56,182,421.48 Securities Sub Total $57,350,217.26 $55,974,068.37 4.25% $216,153.64 $56,480,150.83 $57,136,989.47 Accrued Interest $216,153.64
Total Investments $57,353,143.11
44 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Appendix
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.
PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sources external to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements.
While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO.
It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.
Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any sales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to be lower than the performance shown.
The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion as of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and data presented are not necessarily indicative of future events or expected performance.
PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investment advisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S.
Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.
For more information regarding PFMAM's services or entities, please visit www.pfmam.com.
Further distribution is not permitted without prior written consent. 45 CITY OF LAKE ELSINORE
For the Quarter Ended December 31, 2025
Appendix
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust’s investment objectives, risks, charges and expenses before investing in the Trust. This and other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’s Information Statement may be obtained by calling 1-800-729-7665 or is available on the Trust’s website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP Term Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.
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.
In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.
Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.
ICE Bank of America Indices provided by Bloomberg Financial Markets.
Money market fund/cash balances are included in performance and duration computations.
Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.
Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.
MBS maturities are represented by expected average life. 46
REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: February 24, 2026
Subject: Comprehensive User Fee Study
Recommendation
Open the Public Hearing and continue the item to the March 24, 2026 regular City Council meeting.
Background
The City of Lake Elsinore engaged Willdan Financial Services (Willdan) to determine the full costs incurred by the City to support the various activities for which the City charges user fees. Due to the complexity and the breadth of performing a comprehensive review of fees, Willdan employed a variety of fee methodologies to identify the full costs of individual fee and program activities.
The Comprehensive User Fee Study has been available for review in the City Clerk’s Office and is attached. In order to provide additional time for review of the Study by the public and the development community, a continuance of this matter to the March 24, 2026 City Council meeting is requested.
Attachment
Attachment 1 - Willdan Financial Services Comprehensive User Fee Study City of Lake Elsinore
User Fee Study
February 13, 2026
i Comprehensive User Fee Study
TABLE OF CONTENTS
TABLE OF CONTENTS ................................................................................................. i Executive Summary .................................................................................................. 1 User Fee Background ............................................................................................... 2 Background .................................................................................................................................................. 2 California User Fee History .......................................................................................................................... 2 Additional Policy Considerations ................................................................................................................. 3 Study Objective ....................................................................................................... 4 Scope of the Study ....................................................................................................................................... 4 Aim of the Report......................................................................................................................................... 5 Project Approach and Methodology ........................................................................... 6 Conceptual Approach................................................................................................................................... 6 Fully Burdened Hourly Rates........................................................................................................................ 6 Summary Steps of the Study ........................................................................................................................ 7 Allowable Costs ............................................................................................................................................ 7 Methodology ................................................................................................................................................ 8 Quality Control/Quality Assurance .............................................................................................................. 8 Reasons for cost increases/decreases over current fees............................................................................. 8 City Staff Contributions ................................................................................................................................ 9 Lake Elsinore User Fees .......................................................................................... 10 Cost Recovery............................................................................................................................................. 10 Subsidization .............................................................................................................................................. 10 Impact on Demand (Elasticity) ................................................................................................................... 11 Summary .................................................................................................................................................... 11 City Clerk.............................................................................................................. 12 Analysis ...................................................................................................................................................... 12 Planning ............................................................................................................... 13 Analysis ...................................................................................................................................................... 13 Code Enforcement ................................................................................................. 14 Analysis ...................................................................................................................................................... 14 Vehicle Abatement ................................................................................................ 15 ii Comprehensive User Fee Study
Analysis ...................................................................................................................................................... 15 Fire ..................................................................................................................... 16 Analysis ...................................................................................................................................................... 16 Weed Abatement ................................................................................................... 17 Analysis ...................................................................................................................................................... 17 Community Services ............................................................................................. 18 Analysis ...................................................................................................................................................... 18 Engineering .......................................................................................................... 19 Analysis ...................................................................................................................................................... 19 Building ................................................................................................................ 20 Analysis ...................................................................................................................................................... 20 Police ................................................................................................................... 21 Analysis ...................................................................................................................................................... 21 Appendix A – Total Allowable Cost to be Recovered .................................................. 22 Appendix B –Fully Burdened Hourly Rates ................................................................ 23 Appendix C – Cost Recovery Analysis ....................................................................... 27
1 Comprehensive User Fee Study
Executive Summary
The City of Lake Elsinore engaged Willdan Financial Services (Willdan) to determine the full costs incurred by the City to support the various activities for which the City charges user fees. Due to the complexity and the breadth of performing a comprehensive review of fees, Willdan employed a variety of fee methodologies to identify the full costs of individual fee and program activities. This report and the appendices herein identify 100% full cost recovery for City services. Appendix C details the full cost and suggested fees as determined through discussion with departmental staff. The recommended fees identified herein are either at or less than full cost recovery.
2 Comprehensive User Fee Study
User Fee Background
Background
As part of a general cost recovery strategy, local governments adopt user fees to fund programs and services that provide limited or no direct benefit to the community as a whole (“User Fees”). As cities struggle to maintain levels of service and variability of demand, they have become increasingly aware of subsidies provided by the General Fund and have implemented cost-recovery targets. To the extent that governments use general tax monies to provide individuals with private benefits, and not require them to pay the full cost of the service (and, therefore, receive a subsidy), the government is limiting funds that may be available to provide other community-wide benefits. In effect, the government is using community funds to pay for private benefits. Unlike most revenue sources, cities have more control over the level of user fees they charge to recover costs, or the subsidies they can institute.
Fees in California are required to conform to the statutory requirements of the California Constitution, Proposition 218, Proposition 26, and the California Code of Regulations. The Code also requires that the City Council adopt fees by either ordinance or resolution, and that any fees in excess of the estimated total cost of rendering the related services must be approved by a popular vote of two-thirds of those electors voting because the charge would be considered a tax and not a fee. There are no fees suggested to be set above the cost of service and as such a public vote is not required.
California User Fee History
Before Proposition 13, in times of fiscal shortages, California cities were able to raise property taxes, which funded everything from police and recreation to development-related services. However, this situation changed with the passage of Proposition 13 in 1978.
Proposition 13 established the era of revenue limitation in California local government. In subsequent years, the state saw a series of additional limitations to local government revenues. Proposition 4 (1979) defined the difference between a tax and a fee: a fee can be no greater than the cost of providing the service; and Proposition 218 (1996) further limited the imposition of taxes for certain classes of fees. As a result, cities were required to secure a supermajority vote in order to enact or increase taxes. Due to the thresholds needed to increase local taxes, cities have less control and very few successful options for new revenues.
The State of California took a series of actions in the 1990’s and 2000’s to improve the State’s fiscal situation, at the expense of local governments. In 2004-05, the Educational Revenue Augmentation Funds (“ERAF”) take-away of property taxes and the reduction of Vehicle License Fees further reduced local tax revenues.
In addition, on November 2, 2010, California voters approved Proposition 26, the “Stop Hidden Taxes Initiative”, which is aimed at defining “regulatory fees” as a special tax rather than a fee, thus requiring approval by two-thirds vote of local voters. These regulatory fees are typically intended to mitigate the societal and environmental impacts of a business or person’s activities. Proposition 26 contains seven categories of exceptions. The fees analyzed as part of a User Fee study typically fall under categories one through five consisting of charges for specific benefits, government service, regulatory need, for use of government property, or a fine/penalty.
3 Comprehensive User Fee Study
Additional Policy Considerations
State regulations require that municipalities update their fee schedules to reflect the actual costs of certain public services primarily benefiting users. User Fees recover costs associated with the provision of specific services benefiting the user, thereby typically reducing the use of General Fund monies for such purposes.
In addition to collecting the direct cost of labor and materials associated with processing and administering user services, it is common for local governments to recover reasonable support costs. Support costs are those costs relating to a local government’s central service departments that are allocable to the local government’s operating departments. Central services support cost allocations were incorporated using the resulting indirect overhead percentages determined through the City’s Cost Allocation Plan. A Cost Allocation Plan identifies the central service functions of the City such as Finance, City Manager, and Human Resources and allocates their cost to the departments and funds of the City that they support. This plan was used in the User Fee study to account for the burden placed upon central services by the operating departments in order to allocate a proportionate share of central service cost through the study.
As labor effort and costs associated with the provision of services fluctuate over time, a significant element in the development of any fee schedule is that it has the flexibility to remain current. Therefore, it is recommended that the City include an inflationary factor in the resolution adopting the fee schedule to allow the City to annually increase or decrease the fees by changes in a pre-approved inflationary index, as described below. However, such inflationary increases shall not exceed the reasonable estimated cost of providing the services each year.
The City may employ many different inflationary factors. The most commonly used inflator is some form of the Consumer Price Index (CPI) as it is widely well known and accepted. A similar inflator is the implicit price deflator for GDP, which is much like the CPI except that while the CPI is based on the same “basket” of goods and services every year, the price deflators’ “basket” can change year to year. Since the primary factor for the cost of a City’s services is usually the costs of the personnel involved, tying an inflationary factor that connects more directly to the personnel costs can also be suitable if there is a clear method, or current practice of obtaining said factor.
Each City should use an inflator that they believe works the best for their specific situation and needs but cannot rely solely on the CPI increase as it is incumbent upon each agency to ensure the amount of the fees charged does not exceeds the reasonable estimated costs of providing the services. It is also recommended that the City perform this internal review annually with a comprehensive review of services and fees performed every five years, which would include adding, amending, or removing fees for programs/services.
4 Comprehensive User Fee Study
Study Objective
As the City of Lake Elsinore seeks to efficiently manage limited resources and adequately respond to increased service demands, it needs a variety of tools. A User Fee Study provides assurance that the City has the best information and the best resources available to make sound decisions, fairly and legitimately set fees, maintain compliance with state law and local policies, and meet the needs of the City administration and its constituency. Given the limitations on raising revenue in local government, the City recognizes that a User Fee Study is a very cost-effective way to understand the total cost of services and identify potential fee deficiencies. Essentially, a User Fee is a payment for a requested service provided by a local government that primarily benefits an individual or group.
The total cost of each service included in this analysis is based on the full cost of providing City services, including direct salaries and benefits of City staff, direct departmental costs, and indirect costs from central service support. This study determines the full cost recovery fee for the City to provide each service; however, each fee is set at the City’s discretion, up to 100% of the total cost, as specified in this report.
The principal goal of the study was to help the City determine the full cost of the services that the City provides. In addition, Willdan established a series of additional objectives including:
Developing a rational basis for setting fees
Identifying subsidy amount, if applicable, of each fee in the model Ensuring compliance with State law
Developing an updatable and comprehensive list of fees Maintaining accordance with City policies and goals
The study results will help the City better understand its true costs of providing services and may serve as a basis for making informed policy decisions regarding the most appropriate fees, if any, to collect from individuals and organizations that require individualized services from the City.
Scope of the Study
The scope of this study encompasses a review and calculation of the user fees charged by the following Lake Elsinore departments and fee groups:
City Clerk
Planning
Code Enforcement
Vehicle Abatement
Fire
Weed Abatement
Community Services
Engineering
Building
Police
The study involved the identification of existing and potential new fees, fee schedule restructuring, data collection and analysis, orientation and consultation, quality control, communication and presentations, and calculation of individual service costs (fees) or program cost recovery levels. 5 Comprehensive User Fee Study
Aim of the Report
The User Fee Study focused on the cost of City services, as City staff currently provide them at existing, known, or reasonably anticipated service and staff level needs. This report provides a summary of the study results, and a general description of the approach and methods Willdan and City staff used to determine the recommended fee schedule. The report is not intended to document all of the numerous discussions throughout the process, nor is it intended to provide an influential dissertation on the qualities of the utilized tools, techniques, or alternative approaches.
6 Comprehensive User Fee Study
Project Approach and Methodology
Conceptual Approach
The basic concept of a User Fee Study is to determine the “reasonable cost” of each service provided by the City for which it charges a user fee. The full cost of providing a service may not necessarily become the City’s fee, but it serves as the objective basis as to the maximum amount that may be collected.
The standard fee limitation established in California law for such fees is the “estimated, reasonable cost” principle. In order to maintain compliance with the letter and spirit of this standard, every component of the fee study process included a related review. The use of budget figures, time estimates, and improvement valuation clearly indicates reliance upon estimates for some data.
Fully Burdened Hourly Rates
The total cost of each service included in this analysis is primarily based on the Fully Burdened Hourly Rates (FBHRs) that were determined for City personnel directly involved in providing services. The FBHRs include not only personnel salary and benefits (see Appendix B), but also any costs that are reasonably ascribable to personnel. The cost elements that are included in the calculation of fully burdened rates are:
Salaries & benefits of personnel involved
Operating costs applicable to fee operations
Departmental support, supervision, and administration overhead Indirect City-wide overhead costs calculated through the Cost Allocation Plan An important factor in determining the fully burdened rate is in the calculation of productive hours for personnel. This calculation takes the available workable hours in a year of 2,080 and adjusts this figure to 1,650 productive or billable hours to account for calculated or anticipated hours’ employees are involved in non-billable activities such as paid vacation, sick leave, holidays, and other considerations as necessary.
Dividing the full cost, including overhead, of a position by the number of productive hours provides the FBHR.
The FBHRs are then used in conjunction with time estimates, when appropriate for how a service is provided, to calculate a fee’s cost based on the personnel and the amount of their time that is involved in providing each service.
7 Comprehensive User Fee Study
Summary Steps of the Study
The process of the study is straightforward and simple in concept. The following list provides a summary of the study process steps:
Allowable Costs
This report identifies three types of costs that, when combined, constitute the fully burdened cost of a service (Appendix A). Costs are defined as
direct labor, including salary and benefits,
departmental overhead costs, and the City’s
central services overhead, where
departmental and central service overhead
costs constitute support costs. These cost
types are defined as follows:
Direct Labor (Personnel Costs): The
costs related to staff salaries for
time spent directly on fee-related
services.
Departmental Overhead: A
proportional allocation of
departmental overhead costs,
including operation costs such as supplies and materials that are necessary for the department to function.
Central Services Overhead: These costs, as provided via the City’s Cost Allocation Plan, represent services provided by those Central Services Departments whose primary function is to support other City departments.
Data Analysis
Department Interviews
Time Estimates
Labor Costs
Cost Allocation Plan
Building Cost Layers
Direct Services
Indirect Services
Department Overhead
City-Wide Overhead
Set Fees
Define the Full Cost of
Services
Set Cost Recovery Policy
8 Comprehensive User Fee Study
Methodology
The three methods of analysis for calculating fees used in this report are the:
Case Study Method (Standard Unit Cost Build-Up Approach): This approach estimates the actual labor and material costs associated with providing a unit of service to a single user. This analysis is suitable when City staff time requirements do not vary dramatically for a service, or for special projects where the time and cost requirements are easy to identify at the project’s outset. Further, the method is effective in instances when a staff member from one department assists on an application, service or permit for another department on an as-needed basis. Costs are estimated based upon interviews with City staff regarding the time typically spent on tasks, a review of available records, and a time and materials analysis.
Program Cost Approach: In some instances, the underlying data is not available or varies widely, leaving a standard unit cost build-up approach impractical. In addition, market factors and policy concerns (as opposed to actual costs) tend to influence rental based fee levels more than other types of services. Willdan employed a different methodology where appropriate to fit a program’s needs and goals. Typical programmatic approach cases are valuation-based fees, Recreation programs, and instances where a program cost is divided over the user base to obtain a per applicant cost for shared cost services.
Valuation Based Fees: This manner of collection is used when the valuation of the improvement can be used as a proxy for the amount of effort it would take for City staff to complete the service provided. More specifically, this approach is commonly used for certain User Fees in the Building Division. It is generally accepted that as a project’s size scales up, the cost of the project increases, and the amount of effort needed to review and inspect also increases. Using valuation-based fees provides for a system that can adjust as project sizes scale. Land is not included in the valuation.
Quality Control/Quality Assurance
All study components are interrelated, thus flawed data at any step in the process will cause the ultimate results to be inconsistent and unsound. The elements of our Quality Control process for User Fee calculations include:
Involvement of knowledgeable City staff
Clear instructions and guidance to City staff
Reasonableness tests and validation
Internal and external reviews
Cross-checking
Reasons for cost increases/decreases over current fees
Within the fee tables in Appendix C, the differences are identified between the full costs calculated through the study and the fee levels currently in effect. The reasons for differences between the two can arise from a number of possible factors including:
9 Comprehensive User Fee Study
Previous fee levels may have been set at levels less than full cost intentionally, based on policy decisions
Position staffing levels, seniority, and the positions that complete fee and service activity may vary from when the previous costs were calculated
Personnel and materials costs could have increased at levels that differed from any inflationary factors used to increase fees since the last study
Changes in processes and procedures within a department, or the City as a whole Changes in the demand for services in a City may have also changed the staffing or cost structure of departments over time
City Staff Contributions
As part of the study process, Willdan received tremendous support and cooperation from City staff, which contributed and reviewed a variety of components to the study, including:
Budget and other cost data
Staffing structures
Fee and service structures, organization, and descriptions Direct work hours (billable/non-billable)
Time estimates to complete work tasks
Review of draft results and other documentation
A User Fee Study requires significant involvement of the managers and line staff from the departments on top of their existing workloads and competing priorities. The contributions from City staff were critical to this study. We would like to express our appreciation to the City and its staff for their assistance, professionalism, positive attitudes, helpful suggestions, responsiveness, and overall cooperation. 10 Comprehensive User Fee Study
Lake Elsinore User Fees
Cost Recovery
The cost recovery models, by department/division fee type, are presented in detail in Appendix C. Full cost recovery is determined by summing the estimated amount of time each position (in increments of minutes or hours) spends to render a service. Time estimates for each service rendered were obtained through interviews conducted with City staff for each department/division fee included in the study. The resulting cost recovery amount represents the total cost of providing each service. The City’s current fee being charged for each service, if applicable, is provided in this section, as well, for reference.
It is important to note that the time data used to determine the amount of time each employee spends assisting in the provision of the services listed on the fee schedule is essential in identifying the total cost of providing each service and will differ from City to City depending on staffing, positions involved, experience of staff, the use of consultants, and the policies and procedures in place for each City.
Specifically, in providing services, a number of employees are often involved in various aspects of the process, spending anywhere from a few minutes to several hours on the service.
The primary goal of this study was to identify the cost of City services, to provide information to help the City make informed decisions regarding the actual fee levels and charges. The responsibility of determining the final fee levels is a complicated task. City staff must consider many issues in formulating recommendations, and the City Council must consider those same issues and more in making the final decisions.
City staff assumes the responsibility to develop specific fee level recommendations to present to the City Council. Unfortunately, there are no hard and fast rules to guide the City, since many of the considerations are based on the unique characteristics of the City of Lake Elsinore, and administrative and political discretion. However, in setting the level of full cost recovery for each fee, one should consider whether the service solely benefits one end user or the general community.
Subsidization
Recalling the definition of a user fee helps guide decisions regarding subsidization. The general standard is that individuals (or groups) who receive a wholly private benefit should pay 100% of the full cost of the services. In contrast, services that are simply public benefit should be funded entirely by the general fund’s tax dollars. Unfortunately, for the decision makers, some services fall into the range between these two extremes.
Further complicating the decision, opponents of fees often assert that the activities subject to the fees provide economic, cultural, “quality of life,” or other community benefits that exceed the costs to the City, but it is important to distinguish the difference between any purported possible benefits that may be conveyed through the result of activities of the service receiver and the direct benefit being conveyed through the City providing the service to the requestor.
It is recommended the City consider such factors during its deliberations regarding appropriate fee levels. 11 Comprehensive User Fee Study
Of course, subsidization can be an effective public policy tool since it can be used to reduce fees to encourage certain activities (such as to ensure public safety) or allow some people to be able to afford to receive services they otherwise could not at the full cost. In addition, subsidies can be an appropriate and justifiable action, such as to allow citizens to rightfully access services, without overburdensome costs.
Despite the intent, it is important for the City and public to understand that subsidies must be covered by another revenue source, typically the General Fund’s other unrestricted funds.
Impact on Demand (Elasticity)
Economic principles of elasticity suggest that increased costs for services (higher fees) will eventually curtail the demand for the services; whereas lower fees may spark an incentive to utilize the services and encourage certain actions. Either of these conditions may be a desirable effect to the City. However, the level of the fees that would cause demand changes is largely unknown. The cost of service study did not attempt to evaluate the economic or behavioral impacts of higher or lower fees; nevertheless, the City should consider the potential impacts of these issues when deciding on fee levels.
Summary
City staff is recommending setting user fees at suggested fee amounts as detailed in Appendix C. City and departmental goals, City Council priorities, policy initiatives, past performance, implementation issues, and other internal and external factors should influence staff recommendations and City Council decisions. In this case, the proper identification of additional services (new or existing services) and the update to a consistent and comprehensive fee schedule were the primary objectives of this study. City staff has reviewed the full costs and identified the recommended fee levels for consideration by City Council.
The following sections provide background for each department, division, and fee group and the results of this study’s analysis of their fees. For the full list of each fee’s analysis, refer to Appendix C of this report. 12 Comprehensive User Fee Study
City Clerk
The City Clerk compiles and maintains the official records of the City, making them readily accessible and ensuring transparency to the public. Appointed by the City Manager, the City Clerk is the local official who administers democratic processes by conducting fair and impartial municipal elections. Additionally, the City Clerk acts as the Compliance Officer for Federal, State and local statutes and prepares, certifies and/or adheres to public notice requirements with regard to legal documents, ordinances, resolutions, and public hearings. The City Clerk's department also codifies and disseminates the City's Municipal code, promotes public awareness of government processes, provides meeting, administrative, and legislative support to the Mayor, City Council Members, and Commissioners, and arranges for both ceremonial and official functions.
Analysis
Willdan individually reviewed the services associated with the City Clerk. The review also consisted of an evaluation of existing services in an effort to update the fee schedule.
The services listed under City Clerk services consist of a few flat cost-based fees, copy fees, and others set by the State. The analysis of the cost-based services relied upon a standard unit cost build-up approach, whereby we determined the reasonable cost of each fee occurrence using staff time to recover the direct cost of staff and the pro-rata share of departmental costs, including indirect costs for City central services.
Willdan then compared the calculated full cost against the current fee amount to determine, if charged, whether the current fee is recovering the costs associated with the requested service. The analysis found that current fees are not in line with the full cost of providing service. Staff is recommending the fees be adjusted as detailed in Appendix C. As a result, there would be:
An increase to 4 fees;
1 new fee, Passport Photo Fee, will be added;
15 fees would remain as currently set, and;
the average fee change would be an increase of 30% .
13 Comprehensive User Fee Study
Planning
The Planning Division of the Community Development Department operates to assist citizens, businesses, and City departments in managing land to insure that land use complies with the General Plan and Zoning regulations and meets the needs of the City and its citizens. The Planning Division does this by maintaining records of zoning districts, subdivision maps, site plans, conditional use permits, etc. The Division also coordinates with the Planning Commission to process and review site plans and subdivision maps and approves land use and other zoning applications. In addition, the Division works with the Planning Commission and City Council to modify and update the City’s General Plan and Zoning Ordinance. The General Plan, which defines the long-range goals and intentions regarding the nature and direction of future development within the City, contains elements on land use, transportation, park and recreational facilities, urban design, and housing as well as details regarding the City’s zoning districts.
Analysis
Willdan individually reviewed the services and programs associated with the Planning Division. The review also consisted of an evaluation of existing services in an effort to update the fee schedule.
The analysis of Planning services relied primarily upon a standard unit cost build-up approach, whereby the reasonable cost of each fee occurrence was determined using staff time involved in providing services to recover the direct cost of staff and the pro-rata share of departmental costs, including indirect costs for City central services. Willdan then compared the calculated full cost against the current fee amount to determine, if charged, whether the current fee is recovering the costs associated with the requested service. The analysis found that current fees are not in line with the updated cost of providing services. It is recommended that the City adjust fees at or near full cost recovery as detailed in Appendix C. As a result, there would be:
An increase to 36 fees;
19 fees would decrease;
5 new fees would be added;
27 fees would remain as currently set, and;
the average fee change would be an increase of 8% for current fees. 14 Comprehensive User Fee Study
Code Enforcement
The Code Enforcement Division is dedicated to enhancing the quality of life in the City of Lake Elsinore through public awareness, education and fair and impartial enforcement of City and State Codes. Their dedicated, enthusiastic, professionally trained officers are committed to serving the community.
Analysis
Willdan individually reviewed the services associated with the Code Enforcement Division. The review also consisted of an evaluation of existing services in an effort to update the fee schedule.
The analysis of the Code Enforcement services relied primarily upon a standard unit cost build-up approach for fees, whereby the reasonable cost of each fee occurrence was determined using staff time involved with providing the service to recover the direct cost of staff and the pro-rata share of departmental costs, including indirect costs for City Central Services. Willdan then compared the calculated full cost against the current fee amount to determine, if charged, whether the current fee is recovering the costs associated with the requested service. The analysis found that fees are currently not in line with the updated full cost of providing services. Staff is recommending the fees be adjusted to full cost recovery as detailed in Appendix C. As a result, there would be:
An increase to 4 fees;
2 fees would remain as currently set;
2 new Impound fees would be added;
3 fees would change to a Contract Counsel rate from a flat fee; 1 fee would change to a per sq ft from a flat fee, and; the average fee change would be an increase of 6% for current fees. 15 Comprehensive User Fee Study
Vehicle Abatement
Vehicle Abatement is a program within Code Enforcement. The programs provides for the removal of vehicles that are abandoned or stored in the public right-of-way, unregistered, or inoperative.
Analysis
Willdan individually reviewed the services associated with Vehicle Abatement. The review also consisted of an evaluation of existing services in an effort to update the fee schedule.
The analysis of the Vehicle Abatement services relied primarily upon a standard unit cost build-up approach for fees, whereby the reasonable cost of each fee occurrence was determined using staff time involved with providing the service to recover the direct cost of staff and the pro-rata share of departmental costs, including indirect costs for City Central Services. Willdan then compared the calculated full cost against the current fee amount to determine, if charged, whether the current fee is recovering the costs associated with the requested service. The analysis found that fees are well below the full cost of providing services.
Staff is recommending the fees be adjusted to full cost recovery as detailed in Appendix C. As a result, there would be:
An increase to 5 fees, and;
the average fee change would be an increase of 37%.
16 Comprehensive User Fee Study
Fire
The Fire Services Division contracts with both Riverside County Fire and Cal Fire. This coordination provides the citizens of Lake Elsinore with fire, emergency response as well as prevention, with the highest service.
Analysis
Willdan individually reviewed the services and programs associated with Fire Services Division. The review also consisted of an evaluation of existing services in an effort to update the fee schedule.
The analysis of Fire services relied primarily upon a standard unit cost build-up approach, whereby the reasonable cost of each fee occurrence was determined using staff time involved in providing services to recover the direct cost of staff and the pro-rata share of departmental costs, including indirect costs for City central services. Willdan then compared the calculated full cost against the current fee amount to determine, if charged, whether the current fee is recovering the costs associated with the requested service. The analysis found that current fees are not in line with the updated cost of providing services. It is recommended that the City adjust fees at or near full cost recovery as detailed in Appendix C. As a result, there would be:
An increase to 11 fees;
6 fees would decrease;
207 new fees would be added, and;
the average fee change would be an increase of 32%.
17 Comprehensive User Fee Study
Weed Abatement
Analysis
Willdan individually reviewed the services associated with Weed Abatement. The review also consisted of an evaluation of existing services in an effort to update the fee schedule.
The analysis of the Weed Abatement services relied primarily upon a standard unit cost build-up approach for fees, whereby the reasonable cost of each fee occurrence was determined using staff time involved with providing the service to recover the direct cost of staff and the pro-rata share of departmental costs, including indirect costs for City Central Services. Willdan then compared the calculated full cost against the current fee amount to determine, if charged, whether the current fee is recovering the costs associated with the requested service. The analysis found that fees are currently below the updated full cost of providing services. Staff is recommending the fees be adjusted to full cost recovery as detailed in Appendix C. As a result, there would be:
An increase to 2 fees;
2 fees would remain as currently set, and;
the average fee change would be an increase of 12%.
18 Comprehensive User Fee Study
Community Services
The Community Services Department provides a variety of programs that educate, entertain, and enrich the community. The Department delivers exceptional special events for the entire family. Arranges for services and programs that are needed by those with special needs, teens, and seniors. Provides professional leadership through recreational programs, services, and events that enhance the quality of life in the community.
Analysis
Willdan individually reviewed the services and programs associated with the Community Services Department. The review also consisted of an evaluation of existing services in an effort to update the fee schedule.
The analysis of most Community Services programs encompassed facility rentals and other recreation services. The fee for use for government owned facilities and property can be set discretionally by the City, typically based on past usage characteristics, policy goals, and surrounding jurisdiction comparison. The cost of capital acquisition, maintenance, repair, and upgrade to the City and subsequently the public is offset through rental or use fees. As such these fees should be set using the knowledge of activity use for the facilities, policy desires of the City, and market factors when desirable. It is generally accepted that some Parks and Recreation programs provide a measure of public benefit to the residents and City as a whole, and as such is it common for services to bear significant subsidies. In addition, cities generally want to ensure that their programs and services remain affordable to the community at large, and that the programs remain competitive with surrounding jurisdictions. For most fees in Parks & Recreation a standard cost of service approach was used, but some of the additional cost considerations above were not included as this is primarily an operational cost analysis study that does not include considerations for capital. The analysis found that the current fees for facility use and services are below the cost of providing them. The analysis also included a cost recovery analysis for Parks and Recreation as a whole and it was determined to be operating at around 10% cost recovery. The suggested fees listed under Parks, Special Events, Lake Division, and Facilities fees detailed in Appendix C. would result in:
An increase for 36 fees;
46 fees would decrease;
13 fees would be variably adjusted;
15 new fees will be added, and;
the remaining fees would remain as currently set.
19 Comprehensive User Fee Study
Engineering
The Engineering Division is responsible for the development of public infrastructure and all physical improvements within the public right-of-way. These improvements include the development of public streets (roadways, curbs, gutters and sidewalks), traffic controls including signals, striping, signage and storm drains. The Department provides public counter support, development review for grading, drainage and traffic issues, and timely inspections of Capital Improvement and Private Development projects.
Analysis
Willdan individually reviewed the services associated with the Engineering Division. The review also consisted of an evaluation of existing services in an effort to update the fee schedule.
The analysis of Engineering services relied primarily upon a standard unit cost build-up approach, whereby the reasonable cost of each fee occurrence was determined using staff time involved in providing services to recover the direct cost of staff and the pro-rata share of departmental costs, including indirect costs for City central services. Willdan then compared the calculated full cost against the current fee amount to determine, if charged, whether the current fee is recovering the costs associated with the requested service. The analysis found that most of the current fees are underfunding the cost of most of the services.
Staff is recommending the fees be adjusted as detailed in Appendix C. As a result, there would be:
An increase to 37 fees;
4 fees would decrease;
11 new fees will be added;
1 fee would change to a flat from percentage based fee; 2 fees would change to time and materials from a flat fee, and; 18 fees would remain as currently set.
20 Comprehensive User Fee Study
Building
The Building and Safety Department provides quality service to the community in a manner that is courteous, efficient and knowledgeable. They continue their commitment to excellent public safety and quality of life by building strong partnerships with the residents, businesses, and the ever developing community. They continually strive to improve their services through innovative programming, technology, and the enforcement of the highest standards of safety.
Analysis
Willdan individually reviewed the services and programs associated with the Building Department. The review also consisted of an evaluation of existing services in an effort to update the fee schedule.
The analysis of Building services relied primarily upon a standard unit cost build-up approach (except for fees related to the Building Permit program), whereby we determined the reasonable cost of each fee occurrence using staff time to recover the direct cost of staff and pro-rata share of departmental costs, including indirect costs for City Central Services. The analysis found that services are currently well below the full cost of providing them. It is recommended that the City adjust fees at or near full cost recovery as detailed in Appendix C. As a result, there would be:
an increase to 35 fees;
1 fee would decrease;
5 fees would remain as currently set;
1 fee would change to flat from a valuation fee;
4 new fees will be added, and;
the average estimated fee increase would be around 317% for flat fees.
In addition to the above referenced fees listed under Building, the Building Permit fees are also provided by this department. For the Building Permit fees, valuation is used as a proxy for the effort needed to provide services on a case-by-case basis. This method is an industry standard widely used by other jurisdictions to evaluate the cost of providing service. It is generally understood that the larger and more complex a project is, the more time and effort that is required to provide the service. Project valuation also follows that movement where more complex construction types and building sizes result in more staff effort needed to ensure compliance with the Building Code. By using a combination of either project valuation or historical revenue figures along with a multiplier or cost recovery analysis for historical and anticipated future trends, current cost recovery along with variability in charges due to project type and scale is determined. The result of the cost analysis completed for the Building Permit program found that the program is currently operating at 74% cost recovery based on activity levels from fiscal year 2020-2024.
Staff is recommending that the fees be increased to 100% cost recovery.
21 Comprehensive User Fee Study
Police
The mission of the Lake Elsinore Sheriff’s Station is to provide the community with law enforcement services through the determined pursuit of criminal offenders and by using innovative crime prevention tactics. This is accomplished through a partnership with the community that uses mutual trust and transparency to enhance the quality of life for the residents, while reducing crime and protecting the individual rights of every citizen. Service above self.
Analysis
No analysis was made of the Police fees and they are recommended to remain as currently set. 22 Comprehensive User Fee Study
Appendix A – Total Allowable Cost to be Recovered
Below are the total allowable costs that may be recovered through User Fees; however, only a portion of the total allowable cost is recovered as staff not only works on services related to User Fees, but also works on an array of other City functions during the operational hours of the City. The amounts listed below will not reconcile to City budgets as costs that should not be included in overhead for personnel in the application of determining fully burdened hourly rates were excluded. Examples of these costs are capital, debt, monetary transfers, contract costs, and any other costs that are charged directly to the service requestor.
City of Lake Elsinore- User Fee Study
Overhead Rate Calculations
Department
Total Employee
Services
Department
Operations &
Administration
Direct
Overhead %
Indirect
Allocation %
100: ADMINISTRATION - PUBLIC W 3,038,255 1,714,855 56% 0% 100: CITY CLERK 608,750 231,330 38% 0%
100: CITY MANAGER 1,143,870 159,360 14% 0%
100: COMMUNITY DEVELOPMENT 4,478,660 2,166,349 48% 29%
100: COMMUNITY SERVICES 3,431,730 1,751,810 51% 22%
100: COMMUNITY SUPPORT 412,360 156,400 38% 43%
100: EMERGENCY SERVICES 264,140 163,320 62% 14%
100: ENGINEERING 2,386,870 747,080 31% 62%
100: LAKE MAINTENANCE 316,660 107,500 34% 46%
100: PUBLIC WORKS 1,709,100 947,500 55% 52%
180: LAUNCH POINTE 1,426,695 821,910 58% 9%
305: INFORMATION SYSTEMS SERVICE 954,540 176,500 18% 0% 315: FLEET SERVICE 579,575 167,600 29% 0%
320: FACILITIES SERVICE 537,740 77,200 14% 0%
23 Comprehensive User Fee Study
Appendix B –Fully Burdened Hourly Rates
Below are fully burdened hourly rates of staff positions that provide for the services detailed in Appendix C. The FBHRs were used to determine the full cost of each service. They include the salary and benefit costs for each position as well as all applicable overhead amounts for each position. When a central service department position works on a fee or project in the purview of an operating department, the overhead rates of the operating department (shown in Appendix A) will be applied to that central service positions’ salary and benefit rate for full cost recovery since indirect overhead cost only applies to non-central service functions of the City. For any user fee service request that is outside the scope of the fees detailed in Appendix C, or for services for which there is no fee currently set, the City can charge up to the full cost of the FBHR for personnel involved.
24 Comprehensive User Fee Study
City of Lake Elsinore- User Fee Study
Fully Burdened Hourly Rate Calculation
Department Title
Fully Burdened
Hourly Rate
100: COMMUNITY DEVELOPMENT CD: ADMIN ASSISTANT $124.42
100: COMMUNITY DEVELOPMENT CD: ASSISTANT PLANNER $156.43 100: COMMUNITY DEVELOPMENT CD: ASSOCIATE PLANNER $173.81 100: COMMUNITY DEVELOPMENT CD: ASST COMM DEV DIRECTOR $312.31 100: COMMUNITY DEVELOPMENT CD: B & S MANAGER $288.26
100: COMMUNITY DEVELOPMENT CD: BUILDING INSPECTOR $143.10 100: COMMUNITY DEVELOPMENT CD: CANNABIS COORDINATOR $255.50 100: COMMUNITY DEVELOPMENT CD: CE MANAGER $288.26
100: COMMUNITY DEVELOPMENT CD: CE SUPERVISOR $182.50
100: COMMUNITY DEVELOPMENT CD: CEI $126.01
100: COMMUNITY DEVELOPMENT CD: CEII $143.10
100: COMMUNITY DEVELOPMENT CD: COMM DEV TECH $126.01
100: COMMUNITY DEVELOPMENT CD: DIRECTOR OF COMMUNITY DEVELOPMENT $325.88 100: COMMUNITY DEVELOPMENT CD: DIRECTOR OF ECONOMIC DEVELOPMENT $381.88 100: COMMUNITY DEVELOPMENT CD: ECONOMIC DEVELOPMENT MANAGER $288.26 100: COMMUNITY DEVELOPMENT CD: MANAGEMENT ANALYST $173.81 100: COMMUNITY DEVELOPMENT CD: PARKING ENFORCEMENT OFFICER $77.76 100: COMMUNITY DEVELOPMENT CD: PLANNING MANAGER $288.26 100: COMMUNITY DEVELOPMENT CD: PRINCIPAL PLANNER $255.50 100: COMMUNITY DEVELOPMENT CD: SENIOR PLANNER $207.70
100: COMMUNITY DEVELOPMENT CD: SR COMM DEV TECH $155.52 100: CITY CLERK Clerk: ADMIN ASSISTANT $96.91
100: CITY CLERK Clerk: CITY CLERK $246.18
100: CITY CLERK Clerk: DEPUTY CITY CLERK $127.96
100: CITY MANAGER CM: ACM $284.28
100: CITY MANAGER CM: CM $325.27
100: CITY MANAGER CM: EXECUTIVE ASSISTANT I $87.18
100: CITY MANAGER CM: EXECUTIVE ASSISTANT II $104.87
100: COMMUNITY SUPPORT Comm Support: ADMIN ASSISTANT $127.13 100: COMMUNITY SUPPORT Comm Support: COMMUNITY SUPPORT MANAGER $294.53 100: COMMUNITY SUPPORT Comm Support: DIRECTOR OF ADMINISTRATIVE SERVICES $332.96 100: COMMUNITY SUPPORT Comm Support: DIRECTOR OF COMMUNITY SUPPORT $332.96 100: COMMUNITY SUPPORT Comm Support: MANAGEMENT ANALYST $177.59 100: COMMUNITY SUPPORT Comm Support: SENIOR MANAGEMENT ANALYST $214.88 100: COMMUNITY SERVICES CS: ADMIN ASSISTANT $121.43
100: COMMUNITY SERVICES CS: ASSISTANT COMMUNITY SERVICES DIRECTOR $304.80 100: COMMUNITY SERVICES CS: COMM SERVICES COORDINATOR $127.22 100: COMMUNITY SERVICES CS: DIRECTOR OF COMM SERVICES $318.03 100: COMMUNITY SERVICES CS: MANAGEMENT ANALYST $169.63
100: COMMUNITY SERVICES CS: PROJECT ASSISTANT $82.68
100: COMMUNITY SERVICES CS: RECREATION SUPERVISOR $178.11 100: COMMUNITY SERVICES CS: SPECIAL EVENTS COORDINATOR $127.22 25 Comprehensive User Fee Study
City of Lake Elsinore- User Fee Study
Fully Burdened Hourly Rate Calculation
Department Title
Fully Burdened
Hourly Rate
100: COMMUNITY SERVICES CS: SPECIAL EVENTS MANAGER $281.32 100: COMMUNITY SERVICES CS: SR. MANAGEMENT ANALYST $205.25 100: EMERGENCY SERVICES EMS: EMERGENCY SERVICES MANAGER $285.49 100: ENGINEERING Eng: ADMIN ASSISTANT $136.06
100: ENGINEERING Eng: ASSISTANT CITY ENGINEER $300.16
100: ENGINEERING Eng: ASSISTANT ENGINEER $178.33
100: ENGINEERING Eng: ASSOCIATE ENGINEER $214.78
100: ENGINEERING Eng: CIP ENGINEER $227.13
100: ENGINEERING Eng: CIP SPECIALIST $178.71
100: ENGINEERING Eng: CITY ENGINEER $432.42
100: ENGINEERING Eng: ENGINEERING INSPECTOR $179.65
100: ENGINEERING Eng: ENGINEERING TECH $142.55
100: ENGINEERING Eng: LAND DEVELOPMENT ENGINEER $227.13 100: ENGINEERING Eng: SR CIVIL ENGINEER $285.10
100: ENGINEERING Eng: SR. CONSTRUCTION INSPECTOR $205.70 100: ENGINEERING Eng: TRAFFIC ENGINEER $315.22
100: FINANCE Finance: ACCOUNT SPECIALIST II $92.85
100: FINANCE Finance: ACCOUNT SPECIALIST III $95.84
100: FINANCE Finance: ACCOUNTANT $119.04
100: FINANCE Finance: ASST ADMIN SERVICES DIRECTOR $213.91 100: FINANCE Finance: FINANCE MANAGER $197.43
100: FINANCE Finance: FISCAL OFFICER $154.76
100: FINANCE Finance: SENIOR ACCOUNTANT $144.04
100: FIRE SERVICES Fire: ADMIN ASSISTANT $88.22
100: FIRE SERVICES Fire: DEPUTY FIRE MARSHAL $243.95
100: FIRE SERVICES Fire: FIRE INSPECTOR $185.20
100: FIRE SERVICES Fire: FIRE SAFETY SPECIALIST $212.50 100: HUMAN RESOURCES HR: HR MANAGER $213.27
100: HUMAN RESOURCES HR: HR SPECIALIST $120.91
100: HUMAN RESOURCES HR: PAYROLL SPECIALIST $120.91
100: HUMAN RESOURCES HR: SENIOR HR ANALYST $155.60
100: LAKE MAINTENANCE Lake Maint: MW II $128.31
100: ADMINISTRATION - PUBLIC W PW Admin: ACCOUNT SPECIALIST II $119.71 100: ADMINISTRATION - PUBLIC W PW Admin: ADMIN ASSISTANT $109.86 100: ADMINISTRATION - PUBLIC W PW Admin: LEAD WORKER $126.35 100: ADMINISTRATION - PUBLIC W PW Admin: MANAGEMENT ANALYST $153.47 100: ADMINISTRATION - PUBLIC W PW Admin: MW I $111.27
100: ADMINISTRATION - PUBLIC W PW Admin: MW II $111.27
100: ADMINISTRATION - PUBLIC W PW Admin: MW III $119.71 100: ADMINISTRATION - PUBLIC W PW Admin: PW INSPECTOR $141.96 100: ADMINISTRATION - PUBLIC W PW Admin: PW MANAGER $254.53 100: ADMINISTRATION - PUBLIC W PW Admin: PW SUPERINTENDENT $215.25 26 Comprehensive User Fee Study
City of Lake Elsinore- User Fee Study
Fully Burdened Hourly Rate Calculation
Department Title
Fully Burdened
Hourly Rate
100: ADMINISTRATION - PUBLIC W PW Admin: PW SUPERVISOR $161.15 100: PUBLIC WORKS PW: LEAD WORKER $167.37
100: PUBLIC WORKS PW: MW I $147.39
100: PUBLIC WORKS PW: MW II $147.39
100: PUBLIC WORKS PW: MW III $158.57
100: PUBLIC WORKS PW: PW SUPERVISOR $213.46
180: LAUNCH POINTE 180: Launch: ASSISTANT COMMUNITY SERVICES DIRECTOR $293.50 180: LAUNCH POINTE 180: Launch: COMM SERVICES COORDINATOR $122.50 180: LAUNCH POINTE 180: Launch: RECREATION SUPERVISOR $171.50 305: INFORMATION SYSTEMS SERVICE 305: IT: ASST IT DIRECTOR $208.87 305: INFORMATION SYSTEMS SERVICE 305: IT: GIS TECH $95.70 305: INFORMATION SYSTEMS SERVICE 305: IT: IT ADMINISTRATOR $163.03 305: INFORMATION SYSTEMS SERVICE 305: IT: IT MANAGER $192.79 305: INFORMATION SYSTEMS SERVICE 305: IT: IT TECH $83.21 305: INFORMATION SYSTEMS SERVICE 305: IT: IT TECH II $90.67 315: FLEET SERVICE 315: Fleet: LEAD WORKER $104.12
315: FLEET SERVICE 315: Fleet: MWII $91.69
315: FLEET SERVICE 315: Fleet: PW SUPERVISOR $132.79
320: FACILITIES SERVICE 320: Facilities: MWI $81.33
320: FACILITIES SERVICE 320: Facilities: MWII $81.33
27 Comprehensive User Fee Study
Appendix C – Cost Recovery Analysis
The following tables provide the results of the analysis, resulting full cost recovery amount, and recommended fees. For fees, services, and penalties in which the full cost, existing fee, and suggested fee is listed as “NA”, the amount or percentage was not calculable. This is most common when either the current or the suggested fee includes a variable component that is not comparable on a one-to-one basis, a full cost was not calculated (for penalties, fines, market-based fees, or items not included in the study), or when there is not a current fee amount to compare against.
City Clerk Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 1 Copies - Black & White (8.5x11 to 11x17)* $0.33 Per Page $20.55 98% $0.33 $02 Copies - Color (8.5x11 to 11x17)* $0.44 Per Page $20.55 98% $0.44 $03 Copies - Black & White (Larger than 11x17)* $2.61 Per Page Including Blue Prints, Maps, Plotter $20.55 87% $2.61 $0 4 Media $15.67 $52.62 62% $20.00 $45 Municipal Code - Books N/A Available on Website Only NA NA N/A $06 Municipal Code - Supplements Per Page Copy Fee Quarterly NA NA Per Page Copy Fee $07 Building Plan Duplication - Processing Fee $13.06 Must obtain Architect/Engineer approval; Plus actual cost of paper/media $52.62 71% $15.00 $2
8 FPPC Documents (as statutory defined, Includes Forms 700, 501, 460) SET BY FPPC Set by the Fair Political Practices Commission NA NA SET BY FPPC $0 9 FPPC Documents (as statutory defined, Includes Forms 700, 501, 460) - Research for documents five years or older SET BY FPPC Set by the Fair Political Practices Commission NA NA SET BY FPPC $0 10 FPPC Documents (as statutory defined, Includes Forms 700, 501, 460) - Late Filings (Up to $100 Maximum) SET BY FPPC Set by the Fair Political Practices Commission NA NA SET BY FPPC $0 11 Notice of Intent to Circulate Petition $200.00 Per Day Fee is refunded if within one (1) year of the date of filing the Notice of Intent, the City Clerk certifies the sufficiency of the petition per Elections Code 9103(b). $200 max.
NA NA $200.00 $0
12 Subpoena Fees - Subpoenaed Staff as
Witness $275.00 Per Day NA NA $275.00 $0
13 Subpoena Fees - Subpoena for Records $15.00 Per Day NA NA $15.00 $014 Recorded Documents SET BY COUNTY RECORDER Fees as set by the County Recorder
NA NA
SET BY COUNTY RECORDER $0
15 Mailing documents ACTUAL COST Cost of Postage NA NA ACTUAL COST $016 Certification of Documents $19.59 $57.50 65% $20.00 $017 Candidate Filing Fee $25.00 Municipal Code 2.09.030. Per Election Code Section 10228, $25 max $374.14 93% $25.00 $0
28 City Clerk Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 18 Appeals to City Council - Any $261.17 Not Planning Commission Appeals $577.36 13% $500.00 $23919 Passport Acceptance Fee SET BY DEPT OF STATE NA NA SET BY DEPT OF STATE $020 Passport Photo Fee NEW $39.25 62% $15.00 NA *Electronically Stored Records or Data Except as specifically listed in this Fee Schedule, the department may charge duplication costs of producing an electronic copy of a non-exempt public record including: All programming and computer services costs where production of the record requires data compilation, extraction or programming for all such productions, the charges shall be based on the compensation for the actual employee performing the production multiplied by the amount of time spent programming, etc. Time shall be billed in fifteen (15) minute increments with no minimum grace period 29 Planning Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Unit Fee Δ 1 Abandonment $6,529.35 flat
Review & Environmental Clearance
$6,373.29 0% $6,370.00 flat -$159
2 Annexation $10,446.96 deposit $10,438.69 0% $10,430.00 deposit -$173 Planning Commission Appeal - Applicant appeal $635.15 flat $2,073.35 69% $640.00 flat $5 4 Planning Commission Appeal - Non- Applicant appeal $265.49 flat $531.75 6% $500.00 flat $235 5 Building Permit (Planning Division review for compliance with conditions) 20% of Building Permit Fee NA NA 20% of Building Permit Fee $0 6 CUP - Major $10,446.96 flat $10,060.15 0% $10,060.00 flat -$3877 CUP - Minor $5,223.48 flat $5,910.76 0% $5,910.00 flat $6878 Design Review - Commercial & Industrial Projects $11,594.82 flat $10,829.16 0% $10,820.00 flat -$775 9 Design Review - Residential Projects $11,190.00 flat $10,704.58 0% $10,700.00 flat -$49010 Design Review - Minor $5,616.55 flat $5,500.00 0% $5,500.00 flat -$11711 Modification - Commercial & Industrial $5,796.76 flat $5,655.58 0% $5,650.00 flat -$147 12 Modification - Residential $5,594.34 flat $5,463.67 0% $5,460.00 flat -$13413 Modification - Minor Design Review $3,063.57 flat $2,978.39 0% $2,970.00 flat -$9414 Modification - CUP Major $3,917.61 flat $5,006.97 0% $5,000.00 flat $1,08215 Modification - CUP Minor $2,898.77 flat $3,187.80 0% $3,180.00 flat $28116 Development Agreement - City Staff Review $20,240.99 deposit $19,667.33 0% $19,660.00 deposit -$581 17 Development Agreement - City
Attorney Review $2,611.74 deposit NA NA $2,620.00 deposit $8 18 Development Agreement - Amendment $5,223.48 deposit NA NA $5,230.00 deposit $7 19 Environmental Review - Initial Study/ND/MND (Consultant Prepared) $14,364.57 deposit Plus Actual Cost $17,397.88 0% $17,390.00 deposit $3,025 20 Environmental Review - Environmental Impact Report (Consultant Prepared) $27,568.23 deposit Plus Cost Of Consultant $30,276.07 0% $30,270.00 deposit $2,702 21 Environmental Review - Other CEQA
Review $2,154.69 deposit Plus Cost Of Consultant $2,388.02 0% $2,380.00 deposit $225 30 Planning Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Unit Fee Δ 22 Environmental Review - Mitigation
Monitoring $11,752.83 deposit Plus Cost Of Consultant $16,103.85 0% $16,100.00 deposit $4,347 23 Environmental Review - 3rd Party Review $2,611.74 deposit Plus Cost Of Consultant NA NA $2,620.00 deposit $8 24 Environmental Review - LEAPS/JPR (Lake Elsinore Acquisition Process/Joint Project Review) $1,958.81 deposit Plus $1,500 deposit for JPR $4,059.37 0% $4,050.00 flat $2,091 25 Dept. of Fish & Wildlife - Negative Declaration/Mitigated Negative Declaration Set by Dept. of Fish and Wildlife NA NA Set by Dept. of Fish and Wildlife $0 26 Dept. of Fish & Wildlife - Environmental Impact Report Set by Dept. of Fish and Wildlife NA NA Set by Dept. of Fish and Wildlife $0 27 Dept. of Fish & Wildlife - Exemption (Categorical/Statutory) Set by Dept. of Fish and Wildlife NA NA Set by Dept. of Fish and Wildlife $0 28 General Plan Amendment $10,638.40 flat $16,191.19 0% $16,190.00 flat $5,55229 Landscape Plan Check including Inspection - Minor $2,428.92 flat $3,268.41 0% $3,260.00 flat $831 30 Landscape Plan Check including Inspection - Major $4,618.86 flat $4,467.82 0% $4,460.00 flat -$159 31 Landscape Plan Check including Inspection-Special 3rd Party Cost $0.00 NA 3rd Party Cost $0 32 Preliminary Application (Pre- Application Review) $4,570.55 flat $6,124.30 25% $4,570.00 flat -$1 33 Request for Review of City Council Decision $1,493.19 flat $1,754.94 0% $1,750.00 flat $257 34 Reversion to Acreage $4,633.23 flat $4,509.75 0% $4,500.00 flat -$13335 Review of Technical Studies - Fiscal Impact Report 3rd Party Cost NA NA 3rd Party Cost $0 36 Review of Technical Studies - Hydrology and Hydraulic Report 3rd Party Cost NA NA 3rd Party Cost $0 37 Review of Technical Studies - Soils Report 3rd Party Cost NA NA 3rd Party Cost $0 38 Review of Technical Studies - Traffic Study 3rd Party Cost NA NA 3rd Party Cost $0 39 Review of Technical Studies - Other Studies 3rd Party Cost NA NA 3rd Party Cost $0 31 Planning Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Unit Fee Δ 40 Temporary Signs (Per LEMC §17.196.160) $95.33 flat $149.91 7% $140.00 flat $45 41 Change of Face (Previously Approved Signs) $95.33 flat $149.91 7% $140.00 flat $45 42 Counter Review (New Signs) $127.98 flat $181.41 1% $180.00 flat $5243 Staff Review (when further Sign Review is required) $300.35 flat $369.00 2% $360.00 flat $60 44 Freestanding Sign Review $492.31 flat $967.33 1% $960.00 flat $46845 Center Identification Sign $6,128.45 flat $5,904.09 0% $5,900.00 flat -$22846 Uniform Sign Program $4,244.08 flat $6,086.61 18% $5,000.00 flat $75647 Specific Plan (Including Amendments) $32,646.76 flat $33,961.17 0% $33,960.00 flat $1,313 48 Specific Plan (Including Amendments) - Substantial Conformance Determination $2,999.58 flat $3,772.86 0% $3,770.00 flat $770
49 Supplemental ABC Application $131.89 flat $189.02 5% $180.00 flat $4850 Surface Mining / Reclamation Plan $16,198.02 deposit Plus review of technical study fees $15,744.36 0% $15,740.00 deposit -$458 51 Surface Mining / Reclamation Plan - Fiscal Assurance Report $1,606.22 deposit NA NA $1,610.00 deposit $4 52 TPM - Revised Map (including Vesting) $3,845.40 flat $5,339.90 0% $5,330.00 flat $1,485 53 Tentative Parcel Map $12,464.53 flat $12,912.37 0% $12,910.00 flat $44554 Tentative Tract Map (Including Vesting) $28,729.15 flat $28,585.18 0% $28,580.00 flat -$149 55 Tentative Tract Map (Including Vesting) Revisions $11,752.83 flat $11,994.56 0% $11,990.00 flat $237 56 TUP - Short-Term (3 days or less) $95.33 flat $264.17 2% $260.00 flat $16557 TUP - Extended (4 to 30 days) $257.26 flat Flat Fee, plus $500 refundable security deposit
$422.87 1% $420.00 flat $163
58 TUP - Seasonal (120 days) $1,243.19 flat Plus $500 refundable security deposit $1,834.76 0% $1,830.00 flat $587 59 Variance $5,223.48 deposit $5,741.08 0% $5,740.00 flat $51760 Zone Change $9,141.09 deposit $10,539.12 0% $10,530.00 flat $1,38961 Further Review 1/4 Of The Original Application Fee
Applied at the City's discretion as needed after 4 Cycle Review NA NA 1/4 Of The Original Application Fee $0
32 Planning Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Unit Fee Δ 62 Additional Meeting $652.94
Applied at the City's discretion as needed after 5 meeting NA NA $650.00 -$3
63 Extension of Time
1/4 Of The Original Application Fee
NA NA 1/4 Of The Original Application Fee $0
64 Planning BLDG Permit Plan check Major $148.87 flat $149.91 7% $140.00 flat -$9 65 Special Service Letter $95.33 $231.99 1% $230.00 $13566 Records Research $31.76 No charge for 1st five minutes $63.01 5% $60.00 $28 67 Environmental Impact Report
Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
68 General Plan Text
Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
69 General Plan Map
Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
70 Master Environmental Assessment (not including maps) Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
71 Rancho Laguna Redevelopment Plan
Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
72 Redevelopment Plan
Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
73 Specific Plan Text
Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
74 Urban Design Study
Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
75 Zoning Code Text
Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
33 Planning Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Unit Fee Δ 76 Zoning Map (color)
Actual Reproduction Cost
NA NA Actual Reproduction Cost $0
77 Zoning Ordinance Chapters
Actual Reproduction Cost
each NA NA Actual Reproduction Cost each $0
78 Residential Activity Report and Color Map Actual Reproduction Cost NA NA Actual Reproduction Cost $0 79 Regional Market Trade Area Report and Color Map Actual Reproduction Cost NA NA Actual Reproduction Cost $0 80 Review of Fault Hazard Report (Geologic Report) by Riverside County Geologist Set by Riverside County
$587.00 max, set by Riverside County NA NA Set by Riverside County $0 81 Clean-up Deposit for Sales & Construction Trailers, Signage, Landscape, etc. $1,305.87 NA NA $1,300.00 -$6
82 Shipping or Mailing Actual Cost NA NA Actual Cost $083 Planning Commission Use Determination New flat $1,984.57 0% $1,980.00 flat NA 84 Minor Exception New flat $2,567.44 0% $2,560.00 flat NA85 Administrative Review - Donation Boxes, Large Daycares, or Other as Required by LEMC New flat $777.66 1% $770.00 flat NA
86 Certificate of Appropriateness New flat $1,428.66 1% $1,420.00 flat NA87 Residential Compliance Review - Two or Less Dwelling Units New flat $1,776.95 0% $1,770.00 flat NA 34 Code Enforcement Fees
Item No. Title
Current
Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 1 Initial Complaint No Charge $209.52 NA No Charge $02 First investigation No Charge $381.24 NA No Charge $03 Follow up investigation $326.47 $381.24 0% $381.24 $554 Nuisance Abatement Hearing $2,285.27 $2,295.96 0% $2,295.96 $115 Warrant Preparation $779.60 NA NA Contract Counsel fee NA6 Warrant signature / courthouse $779.60 NA NA Contract Counsel fee NA7 Warrant return / courthouse $779.60 NA NA Contract Counsel fee NA8 Structure Abatement $2,872.91 $3,104.40 0% $3,100.00 $2279 Graffiti Abatement costs after NOV has been issued $259.87 Plus penalty $38.62 0% $38.62 per sq ft NA 10 Illegal Dumping $194.57 Plus 3rd party cost as needed $214.64 0% $214.64 $20 11 Property Impound Cost Recovery
Fee New $143.10 0% $143.10 NA
12 Daily Impound Fee New per day NA NA $25.00 NA
35 Vehicle Abatement Fees
Item No. Title Current Fee/Charge Unit Full Cost Subsidy % Suggested Fee Fee Δ 1 Initial Complaint $100.35 $152.28 1% $150.00 $502 First Inspection $127.03 $338.31 41% $200.00 $733 Subsequent Follow-Up Inspection $40.65 each $152.28 67% $50.00 $94 Tow Vehicle $127.03 $209.52 5% $200.00 $735 Abatement Hearing $190.55 $1,866.67 89% $200.00 $9 36 Fire Prevention Fees
Item No. Title Current Fee/Charge Unit Full Cost Subsidy % Suggested Fee Fee Δ 1 Fire Sprinkler Systems $0.00
2 New 13, 13R Fire Sprinkler System - up to 250 sprinkler heads New Flat $397.70 0% $397.00 NA3 New 13, 13R Fire Sprinkler System - 251 to 500 sprinkler heads New Flat $596.55 0% $596.00 NA4 New 13, 13R Fire Sprinkler System - 500+ sprinkler heads New Flat $1,193.09 0% $1,193.00 NA5 New 13, 13R Fire Sprinkler System $487.09 Per sprinkler head $7.41 6% $7.00 -$4806 New 13D Residential Fire Sprinkler System (Base fee Per Model) $487.09 Base $503.95 0% $503.00 $167 New 13D Residential Fire Sprinkler System (Per Sprinkler Head) New Per sprinkler head $7.41 6% $7.00 NA8 TI 13, 13R Fire Sprinkler System $487.09 Flat $503.95 0% $503.00 $169 TI 13, 13R Fire Sprinkler System (Per Sprinkler Head) $487.09 Per sprinkler head $7.41 6% $7.00 -$48010 TI 13D Residential Fire Sprinkler System New Flat $397.70 0% $397.00 NA11 TI 13D Residential Fire Sprinkler System (Per Sprinkler Head) New Per sprinkler head $7.41 6% $7.00 NA12 Water System Permits13 New Underground Fire Line $881.98 Flat $980.59 0% $980.00 $9814 Fire Pump (Per Pump) New Flat $1,325.17 0% $1,325.00 NA15 Emergency Underground Fire Line Repair New Flat $828.04 0% $828.00 NA16 Above Ground Tank (Temporary Water Supply/Construction) New Flat $596.55 0% $596.00 NA17 Fire Alarm $0.00 18 New Alarm System New Flat $1,007.90 0% $1,007.00 NA19 New Alarm System New Per device $7.41 6% $7.00 NA20 TI Fire Alarm System New Flat $663.32 0% $663.00 NA21 TI Fire Alarm System (Per initiating or notification device) New Per device $7.41 6% $7.00 NA22 FACP Modification New Flat $397.70 0% $397.00 NA23 Water Flow (Monitoring) Alarm System Only $591.56 Flat $931.02 0% $931.00 $33924 Fire Protection Systems $0.00 25 Special Extinguishing Systems (FM200, Dry Chem, Spray Mist, etc.) (Per system) $603.31 Per System $809.05 0% $809.00 $20626 Smoke Control System-Rationale, Analysis and Plan Review New Flat $2,386.19 0% $2,386.00 NA27 Other Systems $0.00 28 Hood & Duct Automatic Extinguishing System (Per system) $603.31 Per System $917.37 0% $917.00 $31429 Ovens, Industrial baking or drying, furnace or kiln Special Equipment (Per oven) New Per oven $344.57 0% $344.00 NA30 Dust Collection Special Equipment (Per system) New Per System $596.55 0% $596.00 NA31 Solar Photovoltaic System Plan Check and Inspection New Hourly $397.70 0% $397.00 NA32 Refrigeration System New Per System $490.30 0% $490.00 NA33 Spray Booths (Per Booth/System) New Per Booth/System $642.85 0% $642.00 NA34 Liquified Petroleum Gases (LPG) Special System (Per System) New Per System $689.15 0% $689.00 NA35 Gas Systems (Med Gas, Industrial Gas, LPG) (Per System) New Per System $642.85 0% $642.00 NA36 Emergency Responder Radio Coverage (Per System) New Per System $397.70 0% $397.00 NA37 Generator - Cell Sites (Per Gen/Site) New Per Gen/Site $397.70 0% $397.00 NA38 Generator New Per generator $503.95 0% $503.00 NA39 Battery Systems (Residential / Commercial Charging System) (Per System) New Per System $397.70 0% $397.00 NA40 Battery Systems Facilities New Flat $1,498.19 0% $1,498.00 NA 37 Fire Prevention Fees
Item No. Title Current Fee/Charge Unit Full Cost Subsidy % Suggested Fee Fee Δ 41 Hazardous Materials $0.00
42 Chemical Classification Disclosure Review <10 Chemicals New Flat $503.95 0% $503.00 NA43 Chemical Classification Disclosure Review 10-25 Chemicals New Flat $702.80 0% $702.00 NA44 Chemical Classification Disclosure Review 26-100 Chemicals New Flat $1,114.15 0% $1,114.00 NA45 Chemical Classification Disclosure Review >100 Chemicals New Flat $1,564.97 0% $1,564.00 NA46 High Piled Storage $0.00 47 High Piled Combustible Storage Up to 12,000 square feet $532.80 Flat $702.80 0% $702.00 $16948 High Piled Combustible Storage 12,001-50,000 square feet $532.80 Flat $1,007.90 0% $1,007.00 $47449 High Piled Combustible Storage 50,001-100,000 square feet $532.80 Flat $1,299.34 0% $1,299.00 $76650 High Piled Combustible Storage >100,000 square feet $532.80 Flat $1,604.44 0% $1,604.00 $1,07151 Access and Water Supply $0.00 52 Access and Water Supply Only - Commercial Construction Inspection New Flat $397.70 0% $397.00 NA53 Access and Water Supply Only - Residential Construction Inspection - One Lot $158.01 Base $138.90 1% $138.00 -$20 54 Each Additional Lot New Each additional lot $27.78 3% $27.00 NA55 Tanks $0.00 56 Underground Storage Tanks Install or Removal $765.24 Per tank $732.17 0% $732.00 -$3357 Aboveground Storage Tank Install or Removal $765.24 Per tank $625.92 0% $625.00 -$14058 Alterations to Gas Stations (No tank alterations) New Flat $397.70 0% $397.00 NA59 Other Fees $0.00 60 Work without Approval or Permit New Penalty $277.80 0% $277.00 NA61 Fire Stand-by $434.85 Per Hour per Person $610.20 0% $610.00 $17562 Alternative Materials and Methods (4 hour minimum, hourly thereafter) $1,160.92 First 4 hours $1,066.64 0% $1,066.00 -$9563 Consultant Fire Plan Review New Actual Costs NA NA Actual Costs NA64 3rd Review and subsequent submittals (Per Hour) New Per hour $212.50 0% $212.00 NA65 Expedited/Overtime Plan Review (Per Hour) New Per hour $318.75 0% $318.00 NA66 Over the Counter/Misc. Revisions Plan Review (Per Plan Review) New Per Plan Review $159.38 0% $159.00 NA67 Drilling / Blasting Permit - Initial New Minimum 2 hours - hourly after $397.70 0% $397.00 NA68 Business license inspection New $1,378.29 0% $1,378.00 NA69 Planning Applications70 Accessory Dwelling Unit New $456.88 0% $456.00 NA71 CUP - Major New $637.50 0% $637.00 NA72 CUP - Major Revision New $212.50 0% $212.00 NA73 CUP - Minor New $425.00 0% $425.00 NA74 CUP - Minor Revision New $106.25 0% $106.00 NA75 Environ Assessment/Neg Dec New $159.38 0% $159.00 NA76 Final Site Development New $212.50 0% $212.00 NA77 Fuel Modification Plan/Inspection (4 hour minimum, hourly thereafter, plus City Attorney) New $822.70 0% $822.00 NA 78 Land Division Phasing Map New $637.50 0% $637.00 NA79 Landscape Plan Review - Commercial New $212.50 0% $212.00 NA 38 Fire Prevention Fees
Item No. Title Current Fee/Charge Unit Full Cost Subsidy % Suggested Fee Fee Δ 80 Landscape Plan Review - Industrial New $212.50 0% $212.00 NA81 Landscape Inspection New $212.50 0% $212.00 NA82 Major Modification - Tract Map (Per Subdiv Ord) New $159.38 0% $159.00 NA83 Minor Modification - Tract Map (Per Subdiv Ord) New $106.25 0% $106.00 NA84 Plot Plan - Major New $796.88 0% $796.00 NA85 Plot Plan - Major Revision New $212.50 0% $212.00 NA86 Plot Plan - Minor (New Development) New $371.88 0% $371.00 NA87 Plot Plan - Minor Revision New $106.25 0% $106.00 NA88 Plot Plan Minor - Detached Accessory Structure New $371.88 0% $371.00 NA89 Plot Plan Minor - Wall & Fence Plan Review New $212.50 0% $212.00 NA90 Pre-Application Review New $318.75 0% $318.00 NA91 Pre-Existing Non-Conforming Use Verification New $212.50 0% $212.00 NA92 Site Plan Conceptual Review New $212.50 0% $212.00 NA93 Small Wireless Facility/Eligible Facilities Request New $212.50 0% $212.00 NA94 Substantial Conformance New $265.63 0% $265.00 NA95 Tentative Parcel Map - Commercial / Industrial New $690.63 0% $690.00 NA96 Tentative Parcel Map - Finance New $212.50 0% $212.00 NA97 Tentative Parcel Map - Residential New $690.63 0% $690.00 NA98 Tentative Parcel Map - Revised New $212.50 0% $212.00 NA99 Tentative Tract Map - Minor Condition Change New $212.50 0% $212.00 NA100 Time Extension - City Approved Project New $212.50 0% $212.00 NA101 Time Extension - Plot Plan (5-10 Yrs) New $425.00 0% $425.00 NA102 TUP - Major New $425.00 0% $425.00 NA103 TUP - Major (501C) New $425.00 0% $425.00 NA104 TUP - Minor New $212.50 0% $212.00 NA105 TUP - Minor (501C) New $212.50 0% $212.00 NA106 Miscellaneous Review New $212.50 0% $212.00 NA107 Building Support: 108 Development Plan Check and Inspections (Residential-New and Additions Group R) Per Square Feet109 0-1,999 Square Feet New $397.70 0% $397.00 NA110 2,000-4,999 Square Feet New $497.12 0% $497.00 NA111 5,000-9,999 Square Feet New $596.55 0% $596.00 NA112 10,000-24,999 Square Feet New $695.97 0% $695.00 NA113 25,000-49,999 Square Feet New $894.82 0% $894.00 NA114 50,000-100,000 Square Feet New $1,093.67 0% $1,093.00 NA115 >100,000 Square Feet New $1,391.94 0% $1,391.00 NA116 Hazardous Use by Square Footage (New Construction or added space for Group H)117 0-1,999 Square Feet New $397.70 0% $397.00 NA118 2,000-4,999 Square Feet New $695.97 0% $695.00 NA119 5,000-9,999 Square Feet New $994.24 0% $994.00 NA120 10,000-24,999 Square Feet New $1,193.09 0% $1,193.00 NA121 25,000-49,999 Square Feet New $1,491.37 0% $1,491.00 NA 39 Fire Prevention Fees
Item No. Title Current Fee/Charge Unit Full Cost Subsidy % Suggested Fee Fee Δ 122 50,000-100,000 Square Feet New $1,690.21 0% $1,690.00 NA123 >100,000 Square Feet New $1,988.49 0% $1,988.00 NA124125 0-1,999 Square Feet New $397.70 0% $397.00 NA126 2,000-4,999 Square Feet New $497.12 0% $497.00 NA127 5,000-9,999 Square Feet New $596.55 0% $596.00 NA128 10,000-24,999 Square Feet New $695.97 0% $695.00 NA129 25,000-49,999 Square Feet New $894.82 0% $894.00 NA130 50,000-100,000 Square Feet New $1,093.67 0% $1,093.00 NA131 >100,000 Square Feet New $1,391.94 0% $1,391.00 NA132 Buildings for Commercial Uses (New Construction or added Space for All Occupancies other than H and R)133 0-1,999 Square Feet New $397.70 0% $397.00 NA134 2,000-4,999 Square Feet New $497.12 0% $497.00 NA135 5,000-9,999 Square Feet New $596.55 0% $596.00 NA136 10,000-24,999 Square Feet New $695.97 0% $695.00 NA137 25,000-49,999 Square Feet New $894.82 0% $894.00 NA138 50,000-100,000 Square Feet New $1,093.67 0% $1,093.00 NA139 >100,000 Square Feet New $1,391.94 0% $1,391.00 NA140 Tenant Improvement (New Construction, Additions and Major Remodels for All Occupancies other than H and R)141 0-1,999 Square Feet New $397.70 0% $397.00 NA142 2,000-4,999 Square Feet New $497.12 0% $497.00 NA143 5,000-9,999 Square Feet New $596.55 0% $596.00 NA144 10,000-24,999 Square Feet New $695.97 0% $695.00 NA145 25,000-49,999 Square Feet New $894.82 0% $894.00 NA146 50,000-100,000 Square Feet New $1,093.67 0% $1,093.00 NA147 >100,000 Square Feet New $1,391.94 0% $1,391.00 NA148 Renewable Permit Fees (Issued at Annual Fire-Life Safety Inspection (105 Permits)149 Aerosol Products (Level 2 & 3) New $92.60 1% $92.00 NA150 Amusement Building New $138.90 1% $138.00 NA151 Aviation Facilities New $185.20 0% $185.00 NA152 Cellulose Nitrate Storage New $92.60 1% $92.00 NA153 Combustible Dust Producing Operations New $92.60 1% $92.00 NA154 Combustible Fiber Storage New $138.90 1% $138.00 NA155 Compressed Gases New $185.20 0% $185.00 NA156 Covered and open mall buildings New $231.50 0% $231.00 NA157 Cryogenic Fluids New $185.20 0% $185.00 NA158 Cutting and Welding New $92.60 1% $92.00 NA159 Dry Cleaning New $185.20 0% $185.00 NA160 Exhibits and Trade Shows New $185.20 0% $185.00 NA161 Explosives New $370.39 0% $370.00 NA162 Fire Hydrants and Valves New $92.60 1% $92.00 NA163 Flammable and Combustible Liquids New $138.90 1% $138.00 NA Shell Buildings for All Commercial Uses (New Construction or added space for All Occupancies other than H and R) 40 Fire Prevention Fees
Item No. Title Current Fee/Charge Unit Full Cost Subsidy % Suggested Fee Fee Δ 164 Floor Finishing New $92.60 1% $92.00 NA165 Fruit and Crop Ripening New $92.60 1% $92.00 NA166 Fumigation and Insecticidal Fogging New $92.60 1% $92.00 NA167 Hazardous Materials New $185.20 0% $185.00 NA168 HPM Facilities New $138.90 1% $138.00 NA169 High Piled Combustible Storage <12,000 Square Feet New $138.90 1% $138.00 NA170 High Piled Combustible Storage 12,001-50,000 Square Feet New $370.39 0% $370.00 NA171 High Piled Combustible Storage >100,000 Square Feet New $648.19 0% $648.00 NA172 Hot Work Operation New $92.60 1% $92.00 NA173 Industrial Ovens New $92.60 1% $92.00 NA174 Lumber Yard/Woodworking Plants New $185.20 0% $185.00 NA175 Liquid or gas-fueled vehicles or equipment in assembly buildings New $92.60 1% $92.00 NA176 LP-gas New $138.90 1% $138.00 NA177 Magnesium New $92.60 1% $92.00 NA178 Miscellaneous Combustible Storage New $185.20 0% $185.00 NA179 Mobile Food Preparation Vehicles New $92.60 1% $92.00 NA180 Motor Fuel Dispensing Facilities New $138.90 1% $138.00 NA181 Open Burning New $92.60 1% $92.00 NA182 Open Flames and Torches New $92.60 1% $92.00 NA183 Open Flames and Candles New $92.60 1% $92.00 NA184 Organic Coatings New $138.90 1% $138.00 NA185 Outdoor Assembly Events New NA NA See special events NA186 Places of Assembly New $138.90 1% $138.00 NA187 Plant Extraction Systems New $185.20 0% $185.00 NA188 Private Fire Hydrant New $92.60 1% $92.00 NA189 Pyrotechnic special effects material New NA NA See fireworks display NA 190 Proxylin Plastics New $92.60 1% $92.00 NA191 Refrigeration Equipment New $185.20 0% $185.00 NA192 Repair Garages and Motor Fuel- Dispensing Facilities New $324.10 0% $324.00 NA193 Spraying or Dipping Operations New $92.60 1% $92.00 NA194 Storage of scrap tires and tire byproducts New $92.60 1% $92.00 NA195 Temporary membrane structures and tents New NA NA See special events NA196 Tire-Rebuilding Plants New $92.60 1% $92.00 NA197 Waste Handling New $138.90 1% $138.00 NA198 Wood Products New $138.90 1% $138.00 NA199 CO2 Dispensing System New $92.60 1% $92.00 NA200 CO2 Enrichment New $92.60 1% $92.00 NA201 Gas Detection New $185.20 0% $185.00 NA202 Energy Storage Systems New $277.80 0% $277.00 NA 41 Fire Prevention Fees
Item No. Title Current Fee/Charge Unit Full Cost Subsidy % Suggested Fee Fee Δ 203 Special Events204 Special Event Permit - With tents and or canopies > 400 square feet New $490.30 0% $490.00 NA205 Blasting Permits New $397.70 0% $397.00 NA206 Fireworks Displays New $582.90 0% $582.00 NA207 Annual Life Safety Inspections - All Occupancies other than R208 <3,600 Square Feet New $185.20 0% $185.00 NA209 3,600 - 25,000 Square Feet New $324.10 0% $324.00 NA210 25,000 - 50,000 Square Feet New $462.99 0% $462.00 NA211 50,001 - 350,000 Square Feet New $509.29 0% $509.00 NA212 >350,000 Square Feet New $972.29 0% $972.00 NA213 R-1 Occupancies i.e. Hotels, Motels214 <25 units New $509.29 0% $509.00 NA215 26-50 units New $601.89 0% $601.00 NA216 51-75 units New $740.79 0% $740.00 NA217 76-100 units New $833.39 0% $833.00 NA218 >100 units New $972.29 0% $972.00 NA219 R-2 (Apartment, Residential Permanent 3+)220 3-16 units New $277.80 0% $277.00 NA221 17-25 units New $462.99 0% $462.00 NA222 26-50 units New $601.89 0% $601.00 NA223 51-75 units New $740.79 0% $740.00 NA224 76-100 units New $833.39 0% $833.00 NA225 >100 units New $972.29 0% $972.00 NA226 Per additional 10 units New $27.78 3% $27.00 NA227 R-2.1/R-4 Occupancies 228 Care Facility Commercial 0-50 State Licensed New $324.10 0% $324.00 NA229 Care Facility Commercial 51-99 State Licensed New $416.69 0% $416.00 NA230 Care Facility Commercial 100-150 State Licensed New $509.29 0% $509.00 NA231 Care Facility Commercial ≥151 State Licensed New $648.19 0% $648.00 NA232 Day Care Facilities Residential 8-14 Fire Clearance New $663.32 0% $663.00 NA233 Day Care Facility Commercial 0-50 New $138.90 1% $138.00 NA234 Day Care Facility Commercial 51-100 New $185.20 0% $185.00 NA235 Day Care Facility Commercial 101-150 New $277.80 0% $277.00 NA236 Day Care Facility Commercial >150 New $324.10 0% $324.00 NA237 Reinspection Fees238 2nd re-inspection fee (after initial and first inspection) New $277.80 0% $277.00 NA239 2nd re-inspection penalty New $370.39 0% $370.00 NA240 3rd plus re-inspection penalty New $462.99 0% $462.00 NA241 Hourly Rates242 Inspection New $185.20 0% $185.00 NA243 Plan Review New $212.50 0% $212.00 NA244 Supplemental inspection fee (Per 1 hour or portion thereof) New $185.20 0% $185.00 NA 42 Fire Prevention Fees
Item No. Title Current Fee/Charge Unit Full Cost Subsidy % Suggested Fee Fee Δ 245 Supplemental plan review (Per 1 hour or portion thereof) New $212.50 0% $212.00 NA246 Certificate of Occupancy Inspection New $138.90 1% $138.00 NA247 Fire Lane Plan Check and Inspection New $198.85 0% $198.00 NA248 Defensible Space Inspections New $185.20 0% $185.00 NA249 Engineering Review250 Lot Line Adjustment / Lot Merger New $212.50 0% $212.00 NA 43 Weed Abatement Fees
Item No. Title
Current
Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 1 Weed Abatement Actual Cost
3rd party cost plus 29% indirect. Staff cost will be recovered at their fully burdened hourly rates.
NA NA Actual Cost $0
2 Administrative Fee $457.05 $462.78 0% $462.00 $53 Appeal Filing Fee $65.29 Refunded if Appeal is Granted $121.97 1% $121.00 $564 Late Fee/Penalty for NonPayment 10% NA NA 10% $0 44 Community Services Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 1 Lap Swim/Exercise Classes $5.22 Per Participant $9.29 68% $3.00 -$22 Swim Lessons $58.76 Per Participant/Per Day NA NA $50.00 -$93 Open Swim $2.61 Per Child 0-12 Years Old $8.84 77% $2.00 -$14 Open Swim $3.92 Per Adult 12 Years and Older $8.84 66% $3.00 -$15 Open Swim Punch Pass $26.12 12 Punches For Adult or Child NA NA $20.00 -$66 Adult Softball League Hosted by City $549.11 - $641.84 Per Team Plus Materials/Supplies NA NA $500.00 Varies 7 Adult Sport League Hosted by City $743.04 Per Team Plus Materials/Supplies NA NA $600.00 -$1438 Adult Sport League Hosted by Outside League $1,034.25 Per Team Plus Materials/Supplies NA NA $750.00 -$284 9 Contract Class: Registration Setup $515.00 Charge Class Instructor $301.80 67% $100.00 -$41510 Contract Class: Participant (On City Property) 25% of class fee NA NA 25% of class fee $0 11 Contract Class: Participant (Off City Property) 15% of class fee Evaluated Yearly NA NA 15% of class fee $0 12 Application Fee for Palm Tree Removal $130.59 Plus the cost of 3rd party removal NA NA $130.00 -$1 13 Senior Center Coffee $0.51 Per cup 55 and older $0.50 1% $0.50 $014 Senior Center Activities $2.06-$12.33 Per person 55 and older NA NA $2.00-$25.00 Varies15 Senior Center Events $5.14-$15.41 Per person 55 and older avge event size 60 ppl NA NA $2.00-$25.00 Varies 16 Senior Center Trips $2.06-$30.83 Per person 55 and older NA NA $2.00-$40.00 Varies17 Drop- In Basketball $1.03 Per person 18 and older (max 40 participants) $2.81 29% $2.00 $1 18 Drop-In Basketball Youth $1.03 per person Kinder to 12th (max 40 participants) $2.70 26% $2.00 $1 19 Drop- In Pickleball $5.14 per person Max 8 participants $7.43 33% $5.00 $020 ARISE Programming $2.06- $5.14 Per person Special Needs Activities NA NA $2.00-$10.00 Varies21 Military Banner Program $190.18 Per Banner NA NA $190.18 $022 Youth Room Membership $5.00 Per person NA NA $5.00 $023 DENC Activities $10.00 - 25.00 Per person NA NA $5.00-$35.00 Varies24 Equipment Rental $5.00 Per Participant/Per Day NA NA $5.00 $025 Camps $125.00 per person $294.77 49% $150.00 $2526 Science Camp $125.00 Per person $198.94 25% $150.00 $2527 AM Extended Care $20.00 Per person $25.30 1% $25.00 $5 45 Community Services Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 28 PM Extended Care $20.00 Per person $37.95 34% $25.00 $529 Outdoors Camp $80.00 per person NA NA $150.00 $70 46 Park Fees
Item No. Title
Current
Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 1 Tennis Court $147.56 Per Season 1 Day/Week For 10 Weeks NA NA $150.00 $22 Tennis/Basketball Court $27.25 Per Reservation 1 Hr. Reservation NA NA $30.00 $33 Shelter/Gazebo $56.15 Per Use (1 Day) Reservation Charge NA NA $50.00 -$64 Grass Rental Area $131.89 Per Season 6 Mo/Team Up To 5 Hrs./Week/Team NA NA $130.00 -$25 Baseball/Softball $131.89 Per Season 6 Mo/Team Up To 5 Hrs./Week/Team NA NA $130.00 -$26 Soccer/Football $131.89 Per Season 6 Mo/Team Up To 5 Hrs./Week/Team $232.23 14% $200.00 $687 Baseball/ Softball Tournament $39.18 Per Hour Plus PW Staff Time NA NA $40.00 $18 Baseball/ Softball Tournament $248.12 Per Day Plus PW Staff Time NA NA $250.00 $29 Pickleball Court $6.25 Per court/hour Per court and 1 hour reservation. Available for 1, 2 or 4 court rentals NA NA $7.50 $110 For Profit Surcharge 100% Per Rental Any for profit usage of fields will be assessed a 100% surcharge of rental NA NA 100% $011 Non Resident Surcharge 50% Per Rental Any non-resident usage of fields or lights will be assessed a 50% surcharge of rental NA NA 50% $1
12 Soccer/ Football Tournament $39.18 Per Hour Plus PW Staff Time NA NA $40.00 $113 Soccer/ Football Tournament $237.67 Per Day Plus PW Staff Time NA NA $230.00 -$814 Snack Bar Rental $107.73 Per Season NA NA $150.00 $4215 Snack Bar Non-Emergency Call Out $116.22 Per Call Out Minimum amount NA NA $330.00 $21416 Storage Container Rental $86.19 Per Mo NA NA $100.00 $1417 Field Lighting Charge $20.89 Per Hour NA NA $20.00 -$118 RCSP - All Fields (Except Blue) $142.34 4 Hr. Block 8am-12pm, 12pm-4pm, 4pm-8pm NA NA $140.00 -$2 47 Park Fees
Item No. Title
Current
Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 19 RCSP - Blue Field $176.29 4 Hr. Block 8am-12pm, 12pm-4pm, 4pm-8pm NA NA $175.00 -$120 RCSP - Softball Fields (Green,Orange,Yellow, Red) $235.06 Per Field/Day NA NA $230.00 -$5 21 RCSP - Main Championship Field (Blue) $293.82 Per Field/Day NA NA $290.00 -$4 22 RCSP - Lights $22.20 Per Hour NA NA $22.00 $023 RCSP - Snack Bar $282.07 Per Day (up to $300 per Weekend)
NA NA $280.00 -$2
24 RCSP - Snack Bar Reservation/Cleaning Deposit $195.88 NA NA $195.00 -$1 25 RCSP - Snack Bar Key Deposit $67.91 NA NA $67.00 -$126 RCSP - Cancellation Fee - More Than 14 Days Notice $0.00 NA NA $0.00 $0 27 RCSP - Cancellation Fee - More Than 7 Days Notice But Less Than 14 Days Notice $91.41 NA NA $90.00 -$1
28 RCSP - Cancellation Fee - Between 2 Days and 7 Days Notice $130.59 NA NA $130.00 -$1 29 RCSP - Cancellation Fee - Less 2
Days Notice $130.59 NA NA $130.00 -$1
30 RCSP - Cancellation Fee - Due to Weather/City Closing Park $0.00 Refund or Credit Provided NA NA $0.00 $0 31 RCSP - Lake Elsinore Non-Profit League Youth Teams $423.10 Per Season/Team Schedule Required. Seasons Consists of Jan 1 - June 30th, July 1 - Dec 31st or Per League Season/Schedule. NA NA $420.00 -$3 32 RCSP - Lake Elsinore Non-Profit League Youth Teams - All Other Sports Fields $130.59 Per Season/Team Schedule Required NA NA $130.00 -$1 33 RCSP - Lake Elsinore Non-Profit League Youth Teams - Snack Fee $261.17 Per Day NA NA $260.00 -$1 34 RCSP - Lake Elsinore Non-Profit League Youth Teams - Lights $19.59 Per Hour Metered Usage NA NA $20.00 $0 48 Park Fees
Item No. Title
Current
Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 35 RCSP - Tournament Facility Fee $2,872.91 Per Tournament Friday, Saturday, and Sunday Tournaments. Noon Friday until 10pm Sunday. Lights included. NA NA $2,880.00 $736 RCSP - Tournament Facility Fee $2,742.33 Per Tournament Saturday and Sunday Tournaments (Two Day Tournaments). 7am Saturday until 10pm Sunday. Lights included.
NA NA $2,740.00 -$2
37 Athletic Facility Rental Fee $5-$250 per hour Based on type of athletic facility. NA NA $5-$250 $038 Public Works Call Out Varies or the PW rate
Based on the hours and manpower needed for response/request. NA NA Varies or the PW rate $0
49 Special Event Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ1 Permit Fee: Administration $326.47 Per Application General cost to review special event application by all events committed individuals. Applications Submitted 60+ days out $3,751.96 97% $100.00 $226
2 Permit Fee: Small $326.47 Per Application Applications Submitted 60+ days out $4,257.07 91% $400.00 $743 Permit Fee: Medium $326.47 Per Application Applications Submitted 60+ days out $4,839.60 91% $450.00 $1244 Permit Fee: Large $326.47 Per Application Applications Submitted 60+ days out $7,851.89 94% $500.00 $1745 Application Submission Fee New Per Application Due on submission of application, fees will be applied to permit fees if they proceed. Non-refundable $63.61 21% $50.00 NA
6 Late Application Fee <60 days New Per Application Fee for applications submitted less than 60 days out. NA NA 30% of Permit Fee NA7 Late Application Fee <30 days New Per Application Fee for applications submitted less than 30 days out. NA NA 50% of Permit Fee NA8 Application Change Fee $50.00 per change in application details Fee for changes made to applications after submission and review has began. NA NA $50.00 $0 9 Deposit(s) Determined By Size of Event and/or Location As Required NA NA $1,000.00 NA10 Cleaning Fee Determined By Size of Event and/or Location As Required NA NA $500.00 NA11 City of Lake Elsinore Business License
See Business License Fee As Required NA NA See Business License Fee $0 12 Fire Department Fees Determined By Fire Department As Required NA NA Determined By Fire Department $013 Fire Prevention Fees FBHR of Personnel as Determined by Fire Dept.
Per Hour 2 Hr. Minimum NA NA FBHR of Personnel as Determined by Fire Dept. $0 14 Sherriff's Department Fees Determined By Sherriff's Department As Required NA NA Determined By Sherriff's Department $015 Additional Fees or City Staff Determined By Size of Event and/or Location As Required NA NA Determined By FBHR of Staff Time & Material $016 Road Closure $65.29 Billed based on size of road closure, staff needs, equipment needs NA NA Determined By FBHR of Staff Time & Material NA 17 Non-Profit $24.41 - $67.11 With Activity NA NA $100.00 $018 For Profit - Up to 5,000 Participants $36.61 - $91.53 Per Vendor NA NA $40 - $100 $019 For Profit - Over 5,000 Participants $85.43 - $183.37 Per Vendor NA NA $90 - $200 $020 Non Sale Vendor $32.65 $273.68 82% $50.00 $1721 Film Permit $65.29 $354.85 58% $150.00 $8522 Skate Park Rental $130.59 $668.63 25% $500.00 $369 50 Lake Division
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 1 Daily Lake Use Pass $13.06 Day Use Only $35.27 72% $10.00 -$32 Annual Lake Use Pass (Resident) $130.59 NA NA $130.00 -$13 Annual Lake Use Pass (Non-Resident) $195.88 NA NA $200.00 $44 Annual Lakefront Use Pass (Resident) $130.59 NA NA $130.00 -$15 Annual Lakefront Use Pass (Non-Resident) $195.88 NA NA $200.00 $46 Annual Commercial Lake Use Pass (Resident Business) $457.05 NA NA $450.00 -$7 7 Annual Commercial lake Use Pass (Non-resident Business) $652.94 NA NA $650.00 -$3 8 Daily Launch Pass (formerly Lake or launch fee) $13.06 Day Use Only NA NA $10.00 -$39 Annual Launch and Park Pass (Resident) $130.59 NA NA $130.00 -$110 Annual Launch and Park Pass (Non-Resident) $195.88 parking pass includes launching
NA NA $200.00 $4
11 Daily Parking Pass Pass (Per Motorized Vehicle) $13.06 Day Use Only NA NA $10-$60 Varies12 Annual Parking Pass (Per Vehicle, Resident) $130.59 NA NA $130.00 -$113 Annual Parking Pass (Per Vehicle, Non-Resident) $195.88 NA NA $200.00 $414 Adult Resort Use Fee- Additional Passenger (Per Person, 17+ Years) $6.53 Day Use Only $7.68 35% $5.00 -$2 15 Adult Daily Resort Use Pass- walk-in (Per Person, 17+ Years) $6.53 Day Use Only $7.68 35% $5.00 -$2 16 Long-Term RV Site Rental (4 Mo Max) $1400-$2000 Snowbird $1500-2500 Per Month NA NA $1400 - $2500 Varies 17 Full Hookups RV Site Rental $50 - $370 Per Night (range accounts for discounts and holiday premiums) NA NA $50 - $370 Varies 18 Late Check-out (3pm Check-Out) $26.12 NA NA $30.00 $419 Booking fee $6.53 NA NA $5.00 -$220 Extra Vehicle (2 Vehicles Included In Camp Fee) $6.53 4 Max NA NA $30.00 $23 51 Lake Division
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 21 Tent fee (2-man tent only 4'X6') $26.12 Requires RV On-Site NA NA $20.00 -$622 Boat/RV/Etc. Storage Fee (Dependent on the size of RV) $152.53 - $488.10 Per Month NA NA $150-$500 Varies 23 Dump Station Fee $19.59 NA NA $20.00 $024 Pet Fee $6.53 $7.68 35% $5.00 -$225 Yurt Rental $91.53 - $610.14 Per Night NA NA $100-$600 Varies26 Trailer Rental $120.80 - $610.14 Per Night NA NA $100-$700 Varies27 General Store Merchandise $1-$100 NA NA Cost + 30% Varies28 Senior/ Military Discount 10% 1 Discounts cannot be combined 52 Facility Fees
Item No. Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Fee Δ 1 Security Contract Review $94.13 Per Rental Any Rental IF; Alcohol Is Served or With Attendance of 200+ $189.44 47% $100.00 $62 Alcohol- For Extra Costs Incurred Due To Alcohol Usage and Permitting $94.13 Per Rental Only When Alcohol Is Served $189.44 47% $100.00 $6 3 Tables $61.09 Set Up Any Rental $53.66 7% $50.00 -$114 Chairs $58.03 Set Up Any Rental $53.66 7% $50.00 -$85 Neighborhood Center Fees New per hour Non Profit Starting at X NA NA $80.00 NA6 Neighborhood Center Fees New per hour For Profit Starting at X NA NA $125.00 NA7 Neighborhood Center Fees New per hour Non Resident Starting at X NA NA $175.00 NA8 Lake Community Center New per hour Non Profit Starting at X NA NA $100.00 NA9 Lake Community Center New per hour For Profit Starting at X NA NA $150.00 NA10 Lake Community Center New per hour Non Resident Starting at X NA NA $225.00 NA11 Senior Activity Center New per hour Non Profit Starting at X NA NA $50.00 NA12 Senior Activity Center New per hour For Profit Starting at X NA NA $110.00 NA13 Senior Activity Center New per hour Non Resident Starting at X NA NA $150.00 NA14 Cultural Arts Center New per hour Non Profit Starting at X NA NA $80.00 NA15 Cultural Arts Center New per hour For Profit Starting at X NA NA $125.00 NA16 Cultural Arts Center New per hour Non Resident Starting at X NA NA $175.00 NA 53 Engineering
Item No. Major Group Group Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Unit Fee Δ1 Engineering Plan Checks All Grading Plan Check 91% grading permit fee NA NA 91% grading permit fee $02 Grading/Drainage Inspection Fees
Grading/Drainage Inspection Permit 100 Cubic Yards or Less: $220.00 $2,075.11 0% $2,070.00 $1,850 3 Grading/Drainage
Inspection Fees
Grading/Drainage Inspection Permit 101 - 1,000 Cubic Yards $220.00 for the first 100 cubic yards plus $50 for each additional 100 cubic yards or fraction thereof. $3,807.80 0% $3,800.00 for the first 100 cubic yards $3,580 4 Grading/Drainage
Inspection Fees
Grading/Drainage Inspection Permit 1,001 - 10,000 Cubic Yards: $670.00 for the first 1,000 cubic yards, plus $50 for each additional 1,000 cubic yards or fraction thereof. $6,353.84 0% $6,350.00
for the first 1,000 cubic yards, plus $50 for each additional 1,000 cubic yards or fraction thereof. $5,680
5 Grading/Drainage
Inspection Fees
Grading/Drainage Inspection Permit 10,001 - 100,000 Cubic Yards: $1,120.00 for the first 10,000 cubic yards, plus $190 for each additional 10,000 cubic yards or fraction thereof. $8,975.87 0% $8,970.00
for the first 10,000 cubic yards, plus $190 for each additional 10,000 cubic yards or fraction thereof. $7,850
6 Grading/Drainage
Inspection Fees
Grading/Drainage Inspection Permit 100,001 - 400,000 Cubic Yards: $2,830.00 for the first 100,000 cubic yards, plus $110 for each additional 10,000 cubic yards or fraction thereof. $8,975.87 0% $8,970.00
for the first 100,000 cubic yards, plus $110 for each additional 10,000 cubic yards or fraction thereof. $6,140
7 Grading/Drainage
Inspection Fees
Grading/Drainage Inspection Permit Over 400,000 Cubic Yards: $6,130.00 for the first 400,000 cubic yards, plus $110 for each additional $8,975.87 0% $8,970.00
for the first 400,000 cubic yards, plus $110 for each
$2,840
8 Grading/Drainage
Inspection Fees
Grading/Drainage Inspection Permit Reinspection fee $95.00 per hour NA NA Time and Materials (T&M) For Inspector + Admin Fee NA 9 Grading/Drainage
Inspection Fees
Grading/Drainage Inspection Permit
Inspection for which no fee is specifically indicated/One time inspection $110.00 per hour Min 1/2 hr $247.68 3% $240.00 per hour $130 10 Engineering Plan Check
Fee
Other Plan Checks
Additional Plan Review, required by changes, additions or revisions to approved plans. $110.00 per hour Min 4 hrs NA NA Time and Materials (T&M) + Admin Fee NA 11 Engineering Plan Checks Subdivisions/Commercial Final Tract Map $1,700.00 + lot fee Plus GIS Fee $10,302.07 71% $3,000.00 + lot fee $1,30012 Engineering Plan Checks Subdivisions/Commercial Final Tract Map $55.00 per lot Plus GIS Fee $179.65 64% $65.00 per lot $1013 Engineering Plan Checks Subdivisions/Commercial Parcel Map $1,600.00 + lot fee Plus GIS Fee $10,302.07 71% $3,000.00 + lot fee $1,40014 Engineering Plan Checks Subdivisions/Commercial Parcel Map $45.00 per lot Plus GIS Fee $179.65 58% $75.00 per lot $3015 Engineering Plan Checks Subdivisions/Commercial Redesigned Tract/Parcel Maps in Process $450.00 per sheet $2,479.22 0% $2,470.00 plus $500/sheet $2,020 16 Engineering Plan Checks Subdivisions/Commercial Revised Approved Tract/Parcel Maps $450.00 per sheet Plus GIS Fee $2,479.22 0% $2,470.00 plus $500/sheet $2,02017 Engineering Plan Checks Subdivisions/Commercial Public Works Improvement Plans - 0- $50,000 4.5% Based on Engineer's Estimate; Plus GIS Fee 14.7% 69% 4.5% $0 18 Engineering Plan Checks Subdivisions/Commercial Public Works Improvement Plans - $50,000-$300,000 4.0% Based on Engineer's Estimate; Plus GIS Fee 17.1% 77% 4.0% $0 19 Engineering Plan Checks Subdivisions/Commercial Public Works Improvement Plans - $300,000-$700,000 3.5% Based on Engineer's Estimate; Plus GIS Fee 3.9% 9% 3.5% $0 20 Engineering Plan Checks Subdivisions/Commercial Public Works Improvement Plans - $700,000-$1,000,000 3.0% Based on Engineer's Estimate; Plus GIS Fee NA NA 3.0% $0 54 Engineering
Item No. Major Group Group Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Unit Fee Δ21 Engineering Plan Checks Subdivisions/Commercial Public Works Improvement Plans - $1,000,000 and greater 2.5% Based on Engineer's Estimate; Plus GIS Fee NA NA 2.5% $0 22 Engineering Plan Checks Subdivisions/Commercial Revised or Redesigned Public Works Improvement Plans $450.00 per sheet Plus GIS Fee $2,903.36 0% $2,900.00 plus $500/sheet $2,450 23 Engineering Plan Checks Single Family Residential- Non Subdivision Public Works Improvement Plans 7.5% Based on Engineer's Estimate; Plus GIS Fee $2,500.00 0% $2,500.00 $2,500 24 Engineering Plan Checks Single Family Residential- Non Subdivision Precise Grading-Based on Total Cubic Yards See grading fees schedule form ED 2001- 01 $2,590.07 3% $2,500.00 Total CY + engineer's estimate NA 25 Engineering Plan Checks Other Plan Checks Lot Line Adjustments-Two Lots Only $400.00 $2,410.33 0% $2,410.00 $2,01026 Engineering Plan Checks Other Plan Checks Lot Line Adjustment-More than two lots $500.00 + per lot $2,410.33 0% $2,410.00 + per lot $1,910 27 Engineering Plan Checks Other Plan Checks Lot Line Adjustment-More than two lots $55.00 per lot $179.65 58% $75.00 per lot $20 28 Engineering Plan Checks Other Plan Checks Dedication: Easement, Right of Way $440.00 $2,621.77 0% $2,620.00 $2,18029 Engineering Plan Checks Other Plan Checks Certificate of Compliance $450.00 $2,621.77 0% $2,620.00 $2,17030 Engineering Plan Checks Other Plan Checks Parcel Merger $400.00 +per lot $2,621.77 0% $2,620.00 + per lot $2,22031 Engineering Plan Checks Other Plan Checks Parcel Merger $25.00 per lot $179.65 58% $75.00 per lot $5032 Engineering Plan Checks Other Plan Checks Street Abandonment/Vacation $1,100.00 Plus cost of publication & postage $3,149.06 0% $3,140.00 $2,04033 Engineering Plan Checks Other Plan Checks Certificate of Correction $450.00 $1,994.01 0% $1,990.00 $1,54034 Engineering Plan Checks Other Plan Checks Water Quality Management Plan (WQMP) Plan Check - Preliminary and/or Final: Large Project WQMP review for equal to or over 100k sf of development $1,750.00 per report $5,524.68 0% $5,500.00 per report $3,750 35 Engineering Plan Checks Other Plan Checks
Water Quality Management Plan (WQMP) Plan Check - Preliminary and/or Final: Smaller than 100k sf of development $3,500k $1,750.00 per report $4,200.05 17% $3,500.00 per report $1,750 36 Engineering Plan Checks Reports/Studies Traffic Impact Analysis (small Projects/Minor) New flat fee $3,081.66 0% $3,080.00 flat fee NA 37 Engineering Plan Checks Reports/Studies Traffic Impact Analysis (Large Projects/Major) New flat fee $4,959.72 0% $4,950.00 flat fee NA 38 Engineering Plan Checks Reports/Studies Drainage/Hydrology/Hydraulics Report (Small Projects) New flat fee $2,869.59 0% $2,860.00 flat fee NA 39 Engineering Plan Checks Reports/Studies Drainage/Hydrology/Hydraulics Report (Large Projects) New flat fee $4,981.38 0% $4,980.00 flat fee NA40 Engineering Plan Checks Reports/Studies Geotech Report New flat fee $2,653.38 0% $2,650.00 flat fee NA41 Improvement Inspection Fee Encroachment Permit EP - 0-$50,000 6.5% Based on Engineer's Estimate 15.8% 59% 6.5% $0 55 Engineering
Item No. Major Group Group Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Unit Fee Δ42 Improvement Inspection Fee Encroachment Permit EP - $50,000 - $300,000 5.5% Based on Engineer's Estimate 31.3% 82% 5.5% $0 43 Improvement
Inspection Fee Encroachment Permit EP - $300,000 - $700,000 5.0% Based on Engineer's Estimate 8.8% 43% 5.0% $0 44 Improvement
Inspection Fee Encroachment Permit EP - $700,000 - $1,000,000 4.5% Based on Engineer's Estimate 5.1% 13% 4.5% $0 45 Improvement
Inspection Fee Encroachment Permit EP - $1,000,000 AND UP 4.0% Based on Engineer's Estimate 4.5% 11% 4.0% $0 46 Improvement
Inspection Fee Encroachment Permit EP Driveway - Residential $110.00 $495.36 0% $495.00 $385 47 Improvement
Inspection Fee Encroachment Permit EP Driveway - Commercial $110.00 $495.36 0% $495.00 $385 48 Improvement
Inspection Fee Encroachment Permit EP Curb & Gutter $110.00 + per linear foot $495.36 0% $495.00 + per linear foot $385 49 Improvement
Inspection Fee Encroachment Permit EP Curb & Gutter $70.00 per linear foot NA NA $50.00 per linear foot -$20 50 Improvement
Inspection Fee Encroachment Permit EP Sidewalk $110.00 + per linear foot $315.71 0% $315.00 + per linear foot $205 51 Improvement
Inspection Fee Encroachment Permit EP Sidewalk $70.00 per linear foot NA NA $50.00 per linear foot -$20 52 Improvement
Inspection Fee Encroachment Permit EP Paving $100.00 + per linear foot $495.36 0% $495.00 + per linear foot $395 53 Improvement
Inspection Fee Encroachment Permit EP Paving $70.00 per linear foot NA NA $50.00 per linear foot -$20 54 Improvement
Inspection Fee Encroachment Permit EP One time Inspection $110.00 $315.71 0% $315.00 $205 55 Improvement
Inspection Fee Encroachment Permit EP Road Closure Permit $110.00 $315.71 0% $315.00 $205 56 Transportation Permit Oversize/Overweight Load Transportation Permit: Annual $90.00 Permit limited by California DoT $136.06 34% $90.00 $0 57 Transportation Permit Oversize/Overweight Load Transportation Permit: Per Trip $16.00 Permit limited by California DoT $136.06 88% $16.00 $0 58 Utilities Improvement
Inspection Encroachment Permit EP under 1000 linear feet $550.00 + l.f. Based on Linear Feet of Trench $966.29 48% $500.00 + l.f. -$50 59 Utilities Improvement
Inspection Encroachment Permit EP under 1000 linear feet $0.45 l.f. Based on Linear Feet of Trench $7.83 87% $1.00 l.f. $1 60 Utilities Improvement
Inspection Encroachment Permit EP Over 1000 linear feet $675.00 + l.f. Based on Linear Feet of Trench $1,565.12 36% $1,000.00 + l.f. $325 61 Utilities Improvement
Inspection Encroachment Permit EP Over 1000 linear feet $0.35 l.f. Based on Linear Feet of Trench $1.57 52% $0.75 l.f. $0 62 Utilities Improvement
Inspection
Encroachment Permit EP One time Inspection - i.e., potholes, bellholes, splice pits, etc. $120.00 $315.71 0% $315.00 $195 63 Other Fees Miscellaneous Any application not covered by adopted fees Actual cost + 40% NA NA Actual cost + 40% $0 64 Other Fees Encroachment Permit Traffic Control Inspection City Engineers Hourly Billing Rate per hour $711.89 51% $350.00 per hour $0 65 Other Fees Miscellaneous Overtime Inspections (Holiday's, weekends, after hours) 1.5 Approved Hourly Billing Rate NA NA 1.5 Approved Hourly Billing Rate $0 66 Other Fees Penalties Work started without a permit: Valuation $0 to $200 4 times normal fee penalty NA NA 4 times normal fee $0 67 Other Fees Penalties Work started without a permit: Valuation $200 or over 3 times normal fee penalty NA NA 3 times normal fee $0 56 Engineering
Item No. Major Group Group Title Current Fee/Charge Unit Notes Full Cost Subsidy % Suggested Fee Unit Fee Δ68 Other Fees As-Built Fee New $1,418.00 0% $1,418.00 NA69 Other Fees Bond Release New $1,109.04 0% $1,109.00 NA70 NPDES Fee Inspection Fee: Construction New $500.01 0% $500.00 NA71 Engineering Plan Checks Other Plan Checks Traffic Control Plan Checks Fee New Plus 3rd party costs $563.71 2% $550.00 NA72 Other Fees GIS Fee New Applies to all Public Improvement fees NA NA Time Based NA 73 Other Fees Shipping Charge for Plan Checks Fee New NA NA Actual Cost NA 57 Building
Item No. Group Title
Current
Fee/Charge Current Unit Notes Full Cost Subsidy % Suggested Fee Suggested Unit Fee Δ
1 All Building Permits not listed
Refer to ICC Valuation Fee Table
NA NA
Refer to ICC Valuation Fee Table $0
2 Industrial/Commercial Trash Enclosure $45.00 4 inspection stop $500.36 0% $500.00 Base Fee $4553 Industrial/Commercial Occupancy Permit $35.00 1 inspection stop $201.17 1% $200.00 Base Fee $1654 Residential Patio/Deck: Wood $45.00 4 inspection stop $500.36 0% $500.00 Base Fee $4555 Residential Patio/Deck: Allumawood $45.00 1 inspection stop $201.17 1% $200.00 Base Fee $1556 Residential Concrete Block Walls $22.00 per Lin Ft 3 inspection stop $202.06 1% $200.00 Base Fee $1787 Residential Pilaster w/Wood, etc between $12.00 per Lin Ft Add Valuation for more than 4; 3 inspection stop $202.06 1% $200.00 Base Fee $188 8 Residential Retaining Walls: up to 3’ in height $7.00 per Sq Ft 3 inspection stop $202.06 1% $200.00 Base Fee $1939 Residential Footings/Slab for future Room Additions $7.00 per Sq Ft 1 inspection stop $202.06 1% $200.00 Base Fee $19310 Residential Manufactured Housing: On Permanent Slab $5.00 per Sq Ft 1 inspection stop $202.06 1% $200.00 Base Fee $19511 Residential Manufactured Housing: Seismic Bracing $86.25 1 inspection stop $202.06 1% $200.00 Base Fee $11412 Residential Pools/Spas: Gunite $30.00 per Sq Ft 4 inspection stop $297.46 3% $290.00 Base Fee $26013 Residential Stucco $2.00 per Sq Ft 2 inspection stop $202.06 1% $200.00 Base Fee $19814 Residential Complete Solar System $451.00 for minimum valuation $15,000, maximum fee $499 $449.19 2% $440.00 -$1115 Miscellaneous Access Ramp at Sales Trailer $58.75 1 inspection stop $202.06 1% $200.00 Base Fee $14116 Miscellaneous Monopole/Cellular By Valuation $202.06 0% $202.00 Valuation NA17 Fee Schedule Reroofing $3.00 per Sq Ft 1-2 inspection stop $202.06 1% $200.00 Base Fee $19718 Fee Schedule Boat Docks $72.00 1 inspection stop $202.06 1% $200.00 Base Fee $12819 Fee Schedule Meter Reset $45.00 1 inspection stop $89.70 11% $80.00 Base Fee $3520 Fee Schedule Septic Tank Removal $25.00 1 inspection stop $113.55 3% $110.00 Base Fee $8521 Fee Schedule Demolition ($1000.00 valuation per unit) $50.00 each structure 1 inspection stop $113.55 3% $110.00 Base Fee $60 22 Fee Schedule Sales Office Conversion ($ 500.00 Valuation) $50.00 each 1 inspection stop $164.10 2% $160.00 Base Fee $11023 Fee Schedule Issuance Fee $30.00 each Permit 1 inspection stop $49.74 20% $40.00 each Permit $1024 Fee Schedule Professional Development Fee $5.00 each Permit 1 inspection stop NA NA $5.00 each Permit $025 Fee Schedule Inspections outside normal business hours $110.00 per hour Minimum 4 hours $214.64 2% $210.00 per hour $10026 Fee Schedule Re-Inspection fee New per hour $120 base fee plus penalty $120.00 0% $120.00 per hour NA27 Fee Schedule Inspection for which no fee is specifically indicated $25.00 per hour Minimum 1/2 an hour $143.10 2% $140.00 per hour $11528 Fee Schedule Additional plan review required by change, additions, or revisions to approved plans $55.00 per hour $125 Hourly. Minimum 1/2 an hour $125.00 0% $125.00 per hour $70 29 Fee Schedule Accessibility Inspection New Hourly 1 inspection stop $215.68 3% $210.00 Hourly NA30 Fee Schedule Special Inspection $125.00 1 inspection stop plus report $572.39 0% $570.00 $44531 Fee Schedule Light Standards New 2 inspection stop $113.55 3% $110.00 Base Fee NA32 Fee Schedule Addressing New Hourly $125 Hourly $221.89 1% $220.00 Hourly NA33 Fee Schedule Records Retention - Small Sheet $0.26 1 inspection stop $258.20 3% $250.00 Per Sheet $25034 Fee Schedule Records Retention - Large Sheet $1.06 1 inspection stop $258.20 3% $250.00 Per Sheet $24935 Electrical Permits36 Permit Issuance 1. For the issuance of each permit $30.00 each Permit 1 inspection stop $49.74 20% $40.00 each Permit $1037 Permit Issuance 2. Professional Development fee $5.00 1 inspection stop NA NA $5.00 each Permit $038 Unit Fee Schedule Electrical Permits - New Construction $45.00 $308.88 3% $300.00 Base Fee $25539 Unit Fee Schedule Electrical Permits - Misc $45.00 $130.01 0% $130.00 Base Fee $8540 Mechanical Permits41 Permit Issuance 1. For the issuance of each permit $30.00 1 inspection stop $49.74 20% $40.00 $10 58 Building
Item No. Group Title
Current
Fee/Charge Current Unit Notes Full Cost Subsidy % Suggested Fee Suggested Unit Fee Δ
42 Permit Issuance 2. Professional Development fee $5.00 1 inspection stop NA NA $5.00 $043 Unit Fee Schedule Mechanical Permits - New Construction $45.00 $308.88 3% $300.00 Base Fee $25544 Unit Fee Schedule Mechanical Permits - Misc $45.00 $130.01 0% $130.00 Base Fee $8545 Plumbing Permits46 Permit Issuance 1. For the issuance of each permit $30.00 1 inspection stop $49.74 20% $40.00 $1047 Permit Issuance 2. Professional Development fee $5.00 1 inspection stop NA NA $5.00 $048 Unit Fee Schedule Plumbing Permits - New Construction $45.00 $308.88 3% $300.00 Base Fee $25549 Unit Fee Schedule Plumbing Permits - Misc $45.00 $130.01 0% $130.00 Base Fee $85 59 Valuation Amount Base Permit Fee Plan Check Fee Plan Review Fee Seismic Group R Seismic All Others
Based on ICC
Valuation
75% of Building
Permit
20% of Building
Permit
Set by State Set by State
500.00$ 60.30$ 45.23$ 12.06$ 0.50$ 0.50$
600.00$ 63.99$ 45.95$ 12.78$ 0.50$ 0.50$
700.00$ 67.67$ 46.70$ 13.53$ 0.50$ 0.50$
800.00$ 71.36$ 53.51$ 14.26$ 0.50$ 0.50$
900.00$ 75.04$ 56.28$ 15.01$ 0.50$ 0.50$
1,000.00$ 78.73$ 59.04$ 15.73$ 0.50$ 0.50$
1,100.00$ 82.41$ 61.80$ 16.48$ 0.50$ 0.50$
1,200.00$ 86.10$ 64.56$ 17.21$ 0.50$ 0.50$
1,300.00$ 89.78$ 67.34$ 17.96$ 0.50$ 0.50$
1,400.00$ 93.47$ 70.10$ 18.69$ 0.50$ 0.50$
1,500.00$ 97.15$ 72.86$ 19.43$ 0.50$ 0.50$
1,600.00$ 100.84$ 75.63$ 20.17$ 0.50$ 0.50$
1,700.00$ 104.52$ 78.39$ 20.90$ 0.50$ 0.50$
1,800.00$ 108.21$ 81.15$ 21.64$ 0.50$ 0.50$
1,900.00$ 111.89$ 83.91$ 22.38$ 0.50$ 0.50$
2,000.00$ 115.58$ 86.68$ 23.12$ 0.50$ 0.50$
3,000.00$ 101.17$ 75.87$ 20.23$ 0.50$ 0.60$
4,000.00$ 117.92$ 88.44$ 23.58$ 0.50$ 0.84$
5,000.00$ 134.67$ 101.00$ 26.93$ 0.50$ 1.05$
6,000.00$ 151.42$ 114.06$ 30.28$ 0.60$ 1.26$
7,000.00$ 168.17$ 126.12$ 33.63$ 0.70$ 1.47$
8,000.00$ 184.92$ 138.69$ 36.98$ 0.80$ 1.68$
9,000.00$ 201.67$ 151.25$ 40.33$ 0.90$ 1.89$
10,000.00$ 218.42$ 163.82$ 43.68$ 1.00$ 2.10$
11,000.00$ 235.17$ 176.37$ 47.03$ 1.10$ 2.31$
12,000.00$ 251.92$ 188.94$ 50.38$ 1.20$ 2.52$
13,000.00$ 268.67$ 201.50$ 53.73$ 1.30$ 2.73$
14,000.00$ 285.42$ 214.07$ 57.08$ 1.40$ 2.94$
15,000.00$ 302.17$ 226.62$ 60.43$ 1.50$ 3.15$
16,000.00$ 318.92$ 239.19$ 63.78$ 1.60$ 3.36$
17,000.00$ 335.67$ 251.75$ 67.13$ 1.70$ 3.57$
18,000.00$ 352.42$ 264.32$ 70.48$ 1.80$ 3.78$
19,000.00$ 369.17$ 276.87$ 73.83$ 1.90$ 3.99$
20,000.00$ 385.92$ 289.44$ 77.18$ 2.00$ 4.20$
21,000.00$ 402.67$ 302.00$ 80.53$ 2.10$ 4.41$
Chart of Building Permit Fees
Based on Valuation of Project
60 Valuation Amount Base Permit Fee Plan Check Fee Plan Review Fee Seismic Group R Seismic All Others
Based on ICC
Valuation
75% of Building
Permit
20% of Building
Permit
Set by State Set by State
Chart of Building Permit Fees
Based on Valuation of Project
22,000.00$ 419.42$ 314.57$ 83.88$ 2.20$ 4.62$
23,000.00$ 436.17$ 327.13$ 87.23$ 2.30$ 4.83$
24,000.00$ 452.92$ 339.70$ 90.58$ 2.40$ 5.04$
25,000.00$ 469.67$ 352.27$ 93.93$ 2.50$ 5.25$
26,000.00$ 483.74$ 362.81$ 96.75$ 2.60$ 5.46$
27,000.00$ 495.80$ 371.85$ 99.16$ 2.70$ 5.67$
28,000.00$ 507.86$ 381.57$ 101.57$ 2.80$ 5.88$
29,000.00$ 519.92$ 389.94$ 103.98$ 2.90$ 6.09$
30,000.00$ 531.98$ 398.99$ 106.40$ 3.00$ 6.30$
31,000.00$ 544.04$ 408.03$ 108.81$ 3.10$ 6.51$
32,000.00$ 556.10$ 417.08$ 111.22$ 3.20$ 6.72$
33,000.00$ 568.16$ 426.12$ 113.63$ 3.30$ 6.93$
34,000.00$ 580.22$ 435.17$ 116.04$ 3.40$ 7.14$
35,000.00$ 592.28$ 444.21$ 118.46$ 3.50$ 7.35$
36,000.00$ 604.34$ 453.26$ 120.87$ 3.60$ 7.56$
37,000.00$ 616.40$ 462.30$ 123.28$ 3.70$ 7.77$
38,000.00$ 628.46$ 471.35$ 125.69$ 3.80$ 7.98$
39,000.00$ 640.52$ 480.39$ 128.10$ 3.90$ 8.19$
40,000.00$ 652.58$ 489.44$ 130.52$ 4.00$ 8.40$
41,000.00$ 664.64$ 498.48$ 132.93$ 4.10$ 8.61$
42,000.00$ 676.70$ 507.53$ 135.34$ 4.20$ 8.82$
43,000.00$ 688.76$ 516.57$ 137.75$ 4.30$ 9.03$
44,000.00$ 700.82$ 525.62$ 140.16$ 4.40$ 9.24$
45,000.00$ 712.88$ 534.66$ 142.58$ 4.50$ 9.45$
46,000.00$ 724.94$ 543.71$ 144.99$ 4.60$ 9.66$
47,000.00$ 737.00$ 552.75$ 147.40$ 4.70$ 9.87$
48,000.00$ 749.06$ 561.80$ 149.81$ 4.80$ 10.08$
49,000.00$ 761.12$ 570.84$ 152.22$ 4.90$ 10.29$
50,000.00$ 773.18$ 579.89$ 154.64$ 5.00$ 10.50$
51,000.00$ 785.58$ 589.17$ 157.12$ 5.10$ 10.71$
52,000.00$ 793.95$ 595.46$ 158.79$ 5.20$ 10.92$
53,000.00$ 802.33$ 601.74$ 160.47$ 5.30$ 11.13$
54,000.00$ 810.70$ 608.03$ 162.14$ 5.40$ 11.34$
55,000.00$ 819.08$ 614.30$ 163.82$ 5.50$ 11.55$
56,000.00$ 827.45$ 620.58$ 165.49$ 5.60$ 11.76$
61 Valuation Amount Base Permit Fee Plan Check Fee Plan Review Fee Seismic Group R Seismic All Others
Based on ICC
Valuation
75% of Building
Permit
20% of Building
Permit
Set by State Set by State
Chart of Building Permit Fees
Based on Valuation of Project
57,000.00$ 835.83$ 626.87$ 167.17$ 5.70$ 11.97$
58,000.00$ 844.20$ 633.15$ 168.84$ 5.80$ 12.18$
59,000.00$ 852.58$ 639.42$ 170.52$ 5.90$ 12.39$
60,000.00$ 860.95$ 645.71$ 172.19$ 6.00$ 12.60$
61,000.00$ 869.33$ 651.99$ 173.87$ 6.10$ 12.81$
62,000.00$ 877.70$ 658.28$ 175.54$ 6.20$ 13.02$
63,000.00$ 886.08$ 664.55$ 177.22$ 6.30$ 13.23$
64,000.00$ 894.45$ 670.83$ 178.89$ 6.40$ 13.44$
65,000.00$ 902.83$ 677.12$ 180.57$ 6.50$ 13.65$
70,000.00$ 944.70$ 708.53$ 188.94$ 7.00$ 14.70$
75,000.00$ 986.58$ 739.93$ 197.32$ 7.50$ 15.75$
80,000.00$ 1,028.45$ 771.34$ 205.69$ 8.00$ 16.80$
85,000.00$ 1,070.33$ 802.74$ 214.07$ 8.50$ 17.85$
88,000.00$ 1,095.45$ 821.59$ 219.09$ 9.00$ 18.48$
90,000.00$ 1,112.20$ 834.15$ 222.44$ 9.50$ 18.90$
95,000.00$ 1,154.08$ 865.55$ 230.82$ 10.00$ 19.95$
100,000.00$ 1,195.95$ 896.96$ 239.19$ 10.50$ 31.00$
105,000.00$ 1,232.80$ 924.60$ 246.56$ 11.00$ 21.97$
110,000.00$ 1,266.30$ 949.73$ 253.26$ 11.50$ 23.10$
120,000.00$ 1,333.30$ 999.98$ 266.66$ 12.00$ 25.20$
125,000.00$ 1,366.80$ 1,025.10$ 273.36$ 12.50$ 26.20$
130,000.00$ 1,400.30$ 1,050.23$ 280.06$ 13.00$ 27.30$
135,000.00$ 1,433.80$ 1,075.35$ 286.76$ 13.50$ 28.30$
140,000.00$ 1,467.30$ 1,100.48$ 293.46$ 14.00$ 29.40$
145,000.00$ 1,500.80$ 1,125.60$ 300.16$ 14.50$ 30.50$
150,000.00$ 1,534.30$ 1,150.73$ 306.86$ 15.00$ 31.50$
155,000.00$ 1,567.80$ 1,175.85$ 313.56$ 15.50$ 32.55$
160,000.00$ 1,601.30$ 1,200.98$ 320.26$ 16.00$ 33.60$
165,000.00$ 1,634.80$ 1,226.10$ 326.96$ 16.50$ 34.65$
170,000.00$ 1,668.30$ 1,251.23$ 333.66$ 17.00$ 35.70$
175,000.00$ 1,701.80$ 1,276.35$ 340.36$ 17.50$ 36.75$
180,000.00$ 1,735.30$ 1,301.48$ 347.06$ 18.00$ 37.80$
185,000.00$ 1,768.80$ 1,326.60$ 353.76$ 18.50$ 38.85$
190,000.00$ 1,802.30$ 1,351.73$ 360.46$ 19.00$ 39.90$
200,000.00$ 1,869.30$ 1,401.98$ 373.86$ 20.00$ 42.00$
210,000.00$ 1,936.30$ 1,452.23$ 387.26$ 21.00$ 44.10$
62 Valuation Amount Base Permit Fee Plan Check Fee Plan Review Fee Seismic Group R Seismic All Others
Based on ICC
Valuation
75% of Building
Permit
20% of Building
Permit
Set by State Set by State
Chart of Building Permit Fees
Based on Valuation of Project
220,000.00$ 2,003.30$ 1,502.48$ 400.66$ 22.00$ 46.20$
230,000.00$ 2,070.30$ 1,552.73$ 414.06$ 23.00$ 48.30$
240,000.00$ 2,137.30$ 1,602.98$ 427.46$ 24.00$ 50.40$
250,000.00$ 2,204.30$ 1,653.23$ 440.86$ 25.00$ 52.50$
260,000.00$ 2,271.30$ 1,703.48$ 454.26$ 26.00$ 54.60$
270,000.00$ 2,338.30$ 1,753.73$ 467.66$ 27.00$ 56.70$
280,000.00$ 2,405.30$ 1,803.98$ 481.06$ 28.00$ 58.80$
290,000.00$ 2,472.30$ 1,854.23$ 494.46$ 29.00$ 60.90$
300,000.00$ 2,539.30$ 1,904.48$ 507.86$ 30.00$ 63.00$
310,000.00$ 2,606.30$ 1,954.73$ 521.26$ 31.00$ 65.10$
320,000.00$ 2,673.30$ 2,004.98$ 534.66$ 32.00$ 67.20$
330,000.00$ 2,740.30$ 2,055.23$ 548.06$ 33.00$ 69.30$
340,000.00$ 2,807.30$ 2,105.48$ 561.46$ 34.00$ 71.40$
350,000.00$ 2,874.30$ 2,155.73$ 574.86$ 35.00$ 73.50$
360,000.00$ 2,941.30$ 2,205.98$ 588.26$ 36.00$ 75.60$
370,000.00$ 3,008.30$ 2,256.23$ 601.66$ 37.00$ 77.70$
380,000.00$ 3,075.30$ 2,306.48$ 615.06$ 38.00$ 79.80$
390,000.00$ 3,142.30$ 2,356.73$ 628.46$ 39.00$ 81.90$
400,000.00$ 3,209.30$ 2,406.98$ 641.86$ 40.00$ 84.00$
410,000.00$ 3,276.30$ 2,457.23$ 655.26$ 41.00$ 86.10$
420,000.00$ 3,343.30$ 2,507.48$ 668.66$ 42.00$ 88.20$
430,000.00$ 3,410.30$ 2,557.73$ 682.06$ 43.00$ 90.30$
440,000.00$ 3,477.30$ 2,607.98$ 695.46$ 44.00$ 92.40$
450,000.00$ 3,544.30$ 2,658.23$ 708.86$ 45.00$ 94.50$
460,000.00$ 3,611.30$ 2,708.48$ 722.26$ 46.00$ 96.60$
470,000.00$ 3,678.30$ 2,758.73$ 735.66$ 47.00$ 98.70$
480,000.00$ 3,745.30$ 2,808.98$ 749.06$ 48.00$ 100.80$
490,000.00$ 3,812.30$ 2,859.23$ 762.46$ 49.00$ 102.90$
500,000.00$ 3,879.30$ 2,909.48$ 775.86$ 50.00$ 105.00$
510,000.00$ 3,889.35$ 2,917.01$ 777.87$ 51.00$ 107.10$
520,000.00$ 3,953.00$ 2,964.75$ 790.60$ 52.00$ 109.20$
530,000.00$ 4,016.65$ 3,012.48$ 803.33$ 53.00$ 111.30$
540,000.00$ 4,080.30$ 3,060.23$ 816.06$ 54.00$ 113.40$
550,000.00$ 4,143.95$ 3,107.96$ 828.79$ 55.00$ 115.50$
560,000.00$ 4,207.60$ 3,155.70$ 841.52$ 56.00$ 117.60$
570,000.00$ 4,271.25$ 3,203.43$ 854.25$ 57.00$ 119.70$
63 Valuation Amount Base Permit Fee Plan Check Fee Plan Review Fee Seismic Group R Seismic All Others
Based on ICC
Valuation
75% of Building
Permit
20% of Building
Permit
Set by State Set by State
Chart of Building Permit Fees
Based on Valuation of Project
580,000.00$ 4,334.90$ 3,251.18$ 866.98$ 58.00$ 121.80$
590,000.00$ 4,398.55$ 3,298.91$ 879.71$ 59.00$ 123.90$
600,000.00$ 4,462.20$ 3,346.65$ 892.44$ 60.00$ 126.00$
610,000.00$ 4,525.85$ 3,394.38$ 905.17$ 61.00$ 128.10$
620,000.00$ 4,589.50$ 3,442.13$ 917.90$ 62.00$ 130.20$
630,000.00$ 4,653.15$ 3,489.86$ 930.63$ 63.00$ 132.30$
640,000.00$ 4,716.80$ 3,537.60$ 943.36$ 64.00$ 134.40$
650,000.00$ 4,780.45$ 3,585.33$ 956.09$ 65.00$ 136.50$
660,000.00$ 4,844.10$ 3,633.08$ 968.82$ 66.00$ 138.60$
670,000.00$ 4,907.75$ 3,680.81$ 981.55$ 67.00$ 140.70$
680,000.00$ 4,971.40$ 3,728.55$ 994.28$ 68.00$ 142.80$
690,000.00$ 5,035.05$ 3,776.28$ 1,007.01$ 69.00$ 144.90$ 700,000.00$ 5,098.70$ 3,824.03$ 1,019.74$ 70.00$ 147.00$ 710,000.00$ 5,162.35$ 3,871.76$ 1,032.47$ 71.00$ 149.10$ 720,000.00$ 5,226.00$ 3,919.50$ 1,045.20$ 72.00$ 151.20$ 730,000.00$ 5,289.65$ 3,967.23$ 1,057.93$ 73.00$ 153.30$ 740,000.00$ 5,353.30$ 4,014.98$ 1,070.66$ 74.00$ 155.40$ 750,000.00$ 5,416.95$ 4,062.71$ 1,083.39$ 75.00$ 157.50$ 760,000.00$ 5,480.60$ 4,110.45$ 1,096.12$ 76.00$ 159.60$ 770,000.00$ 5,544.25$ 4,158.18$ 1,108.85$ 77.00$ 161.70$ 780,000.00$ 5,607.90$ 4,205.93$ 1,121.58$ 78.00$ 163.80$ 790,000.00$ 5,671.55$ 4,253.66$ 1,134.31$ 79.00$ 165.90$ 800,000.00$ 5,735.20$ 4,301.40$ 1,147.04$ 80.00$ 168.00$ 810,000.00$ 5,798.85$ 4,349.14$ 1,159.77$ 81.00$ 170.10$ 820,000.00$ 5,862.50$ 4,396.88$ 1,172.50$ 82.00$ 172.20$ 830,000.00$ 5,926.15$ 4,444.61$ 1,185.23$ 83.00$ 174.30$ 840,000.00$ 5,989.80$ 4,492.35$ 1,197.96$ 84.00$ 176.40$ 850,000.00$ 6,053.45$ 4,540.09$ 1,210.69$ 85.00$ 178.50$ 860,000.00$ 6,117.10$ 4,587.84$ 1,223.42$ 86.00$ 180.60$ 870,000.00$ 6,180.75$ 4,635.58$ 1,236.15$ 87.00$ 182.70$ 880,000.00$ 6,244.40$ 4,683.33$ 1,248.88$ 88.00$ 184.80$ 890,000.00$ 6,308.05$ 4,731.07$ 1,261.61$ 89.00$ 186.90$ 900,000.00$ 6,371.70$ 4,778.82$ 1,274.34$ 90.00$ 189.00$ 910,000.00$ 6,435.35$ 4,826.56$ 1,287.07$ 91.00$ 191.10$ 920,000.00$ 6,499.00$ 4,874.30$ 1,299.80$ 92.00$ 193.20$ 930,000.00$ 6,562.65$ 4,922.05$ 1,312.53$ 93.00$ 195.30$ 64 Valuation Amount Base Permit Fee Plan Check Fee Plan Review Fee Seismic Group R Seismic All Others
Based on ICC
Valuation
75% of Building
Permit
20% of Building
Permit
Set by State Set by State
Chart of Building Permit Fees
Based on Valuation of Project
940,000.00$ 6,626.30$ 4,969.79$ 1,325.26$ 94.00$ 197.40$ 950,000.00$ 6,689.95$ 5,017.54$ 1,337.99$ 95.00$ 199.50$ 960,000.00$ 6,753.60$ 5,065.28$ 1,350.72$ 96.00$ 201.60$ 970,000.00$ 6,817.25$ 5,113.02$ 1,363.45$ 97.00$ 203.70$ 980,000.00$ 6,880.90$ 5,160.77$ 1,376.18$ 98.00$ 205.80$ 990,000.00$ 6,944.55$ 5,208.51$ 1,388.91$ 99.00$ 207.90$ 1,000,000.00$ 7,008.20$ 5,256.26$ 1,401.64$ 100.00$ 210.00$ 65 Police
Item
No. Title Current Fee/Charge Unit Legal Authority Notes Full Cost Subsidy % Suggested Fee Fee Δ 1 REPORTS
2 Arrest / Booking Report $24.00 GC 7922.525 and GC 7922.545 NA NA $24.00 $0 3 Crime / Traffic Collisions Reports $25.00 GC 7922.525 and GC 7922.545 NA NA $25.00 $0 4 Crime / Traffic Collisions Reports with
Photos $30.00 GC 7922.525 and GC 7922.545 NA NA $30.00 $0 5 VICR FEE
6 Vehicle Impound Cost Recovery Fee $181.00 R-96-269, VC 22650 NA NA $181.00 $0 66 27368 Via Industria, Suite 200
Temecula, California 92590-4856
800.755.6864 | Fax: 888.326.6864
951.587.3500 | Fax: 951.587.3510
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