Agenda packet — Lake Elsinore City Council, April 28, 2026 (part 3 of 3)

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: April 28, 2026
Subject: SA Warrant Report Dated March 23, 2026 to Mar 29, 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
MARCH 23, 2026
TO MARCH 29, 2026

CITY OF LAKE ELSINORE SA WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
540 SARDA DIAMOND STADIUM 51,250.00 $
GRAND TOTAL 51,250.00 $
Attachment 1 1 OF 1
MARCH 23, 2026
TO MARCH 29, 2026

CITY OF LAKE ELSINORE SA WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
11238 AK SECURITY ALARM LLC 6,250.00 $
11244 COTTER CONSTRUCTION, INC. 45,000.00
GRAND TOTAL 51,250.00 $
Attachment 2 1 OF 1

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: April 28, 2026
Subject: SA Warrant Report Dated March 30, 2026 to April 05, 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
MARCH 30, 2026
TO APRIL 05, 2026

CITY OF LAKE ELSINORE SA WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III 167.70 $
540 SARDA DIAMOND STADIUM 4,388.36
GRAND TOTAL 4,556.06 $
Attachment 1 1 OF 1
MARCH 30, 2026
TO APRIL 05, 2026

CITY OF LAKE ELSINORE SA WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001821 SOUTHERN CALIFORNIA EDISON CO. 36.36 $
11329 AK SECURITY ALARM LLC 4,352.00
11339 LEIBOLD, MCCLENDON & MANN, PC 167.70
GRAND TOTAL 4,556.06 $
Attachment 2 1 OF 1

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY
To: Honorable Agency Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: April 28, 2026
Subject: SA Investment Report for March 2026
Recommendation
Receive and file the Investment Report for March 2026.

Discussion
The Investment Report is a listing of all funds invested for 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.

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1 – Investment Report March 2026

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account $ 3,306,633 $ 46,670 $ (13,783) $ 3,339,520 Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 3,306,633 46,670 (13,783) 3,341,820

INVESTMENTS
Local Agency Investment Funds 60,399,513 - - 60,399,513 CAMP Investments:

CAMP Pool Account 184,719 - - 184,719.06
U.S. Treasury Bond / Note 27,905,275 - - 27,905,275.41
Municipal Bond / Note 200,000 - - 200,000.00
Federal Agency Commercial Mortgage-Backed Security 7,701,964 - - 7,701,964.42 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 6,245,124 - - 6,245,123.64
Sub-total Investments 117,059,080 - - 117,059,080
Market Value Adjustment:

Unrealized Gain/(Loss) at 02/28/2026 1,266,728 - - 1,266,728 Total Investments 118,325,808 - - 118,325,808
Total Pooled Cash and Investments $ 121,632,442 $ 46,670 $ (13,783) $ 121,667,628 TOTAL POOLED CASH AND INVESTMENTS $ 121,667,628
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 March 9, 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 MARCH 31, 2026

FUND NO FUND NAME AMOUNT
100 General $ 10,812,914
101 Supplemental Law Enforcement 8,333
102 Measure Z 16,694,306
106 Affordable Housing In Lieu 1,552,480
107 Developer Agreement Revenue 59,116
109 Road Maintenance and Rehabilitation (SB1) 1,776,848 110 State Gas Tax 1,159,262
111 TUMF C.I.P. 98,879
112 Measure A 1,595,600
114 SB1186 CASP Education Program 93,314
115 Traffic Safety 10,670
116 City Hall-Public Works DIF 548,694
117 Community Center DIF 653,674
118 Lake Side Facility DIF 1,040,075
119 Animal Shelter DIF 35,752
121 T.R.I.P.-2014A 4,637
135 Lighting & Landscape Maintenance - Dist. No. 1 2,402,223 140 Geothermal 13,267
160 PEG Grant 3,371
202 La Strada RBBD 27,059
203 E.L.S.P. - S.T.I.F. 3,815,765
205 Traffic Impact Fee 662,868
211 Storm Drain C.I.P. 2,077,057
221 Quimby Park C.I.P. 35,903
231 Library C.I.P. 974,409
232 City Fire Protection 1,513,614
300 Insurance Service 1,434,438
305 Information Systems Service 3,135,404
310 Support Service 56,874
315 Fleet Service 927,527
320 Facilities Service 3,074,945
331 CFD 2006-1CC Summerly Improvement Area CC 65,416
332 CFD 2006-1 Improvement Area B, Summerly 34,525
333 CFD 2015-4 Terracina 679,118
334 CFD 2015-5 Trieste - Far West Industries 44,301
335 CFD 2003-2E Canyon Hills Improvement Area E 55,499
336 CFD 2006-1FF Summerly Improvement Area FF 42,324
337 CFD 2016-2 Canyon Hills 329,041
338 CFD 2006-1 IA-JJ Summerly Improvement Area 94,102
339 CFD 2006-1 IA-KK Summerly Improvement Area 59,874

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 MARCH 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 MARCH 31, 2026
340 CFD 2006-1 IA-EE Summerly Improvement Area 58,931
345 CFD 2003-2 Improvement Area D, Canyon Hills 690,876 346 CFD 2014-1 Southshore 65,652
347 CFD 2006-1 Improvement Area A, Summerly 72,632
350 CFD 98-1 Summerhill 500,378
351 CFD 2006-1 IA-II Summerly Improvement 105,605
354 CFD 90-2 Tuscany Hills 13,735
355 RAD 2021-1 Canyon Hills Improvement 470,721
357 CFD 2003-2 Canyon Hills Improvement Area 248,593
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 5,580 361 CFD 2022-2 Lakeshore Improvement 4,529
364 CFD 2023-2 Coastal Mission Trail Improvement 5,138
366 CFD 2005-6 City Center Townhomes 122,950
368 CFD 2006-2 Viscaya 135,544
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 432,479 370 CFD 2006-1 IA-HH Summerly Improvement 79,650
371 CFD 2005-1 Serenity 145,852
372 CFD 2005-2 Alberhill Ranch Improvement Area 343,099 374 CFD 2005-4 Lakeview Villas 1,581
375 CFD 2006-4 Clurman 58,150
377 CFD 2006-6 Tessara 46,593
378 CFD 2006-8 Running Deer Estates 46,528
379 CFD 2022-1 Alberhill 171,243
384 CFD 2003-2 Area B Canyon Hills Improvement Area 516,285 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 351,963 386 CFD 2007-4 Mekenna Court 46,293
387 CFD 2007-5 Red Kite 37,208
388 CFD 2007-6 Holiday Inn Express 2,365
390 CFD 2003-2 Area C Canyon Hills Improvement Area 151,951 392 CFD 95-1 City Center 1,426
394 CFD 2005-5 (2012A) Wasson Canyon 116,497
396 CFD 2018-2 Nichols Ranch Improvement Area 99,452
397 CFD 2018-3 Village at Lakeshore 100,095
500 Capital Improvement Plan 3,244,481
510 Successor To RDA Area I, II, & III 516,183
540 Successor To RDA Diamond Stadium 456,802
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 292,813

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 MARCH 31, 2026
608 Trust Deposit & Pre Paid Expense 1,830,936
617 Successor Agency Housing 41,660,889
620 Cost Recovery System 6,888,830
631 Lake Destratification Equipment Replacement 362,223 650 CFD 2003-1 Law & Fire Service 41,293
653 CFD 2009-1 Parks & Lighting Service 1,253
655 CFD 2015-1s Law, Fire, Paramedic Services 14,512
Total Pooled Cash & Investments $ 121,667,628

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.16% $ 184,719
U.S. Treasury Bond / Note Unlimited 23.84% $ 27,905,275 Supra-National Agency Bond / Note 30% 0.00% $ -
Municipal Bond / Note Unlimited 0.17% $ 200,000
Federal Agency Collaterized Mortgage Obligation 40% 6.58% $ 7,701,964 Federal Agency Bond / Note Unlimited 0.00% (1) $ -
Banker's Acceptance 40.00% 0.00% $ -
Corporate Note (Includes Bank Note) 30% 12.32% $ 14,422,484 Commercial Paper 25% 0.00% $ -
Negotiable Certificates of Deposit 30% 0.00% $ -
Asset-Backed Security / Collaterized Mortgage 20% 5.34% $ 6,245,124 Repurchase Agreements Unlimited 0 $ -
Reverse Repurchase Agreements 10.00% 0.00% $ -
LAIF (Local Agency Investment Funds) $150 Million 51.60% (2) $ 60,399,513 Placement Service Deposits (PDS) 30% 0.00% $ -
TOTAL 100.00% $ 117,059,080
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 MARCH 31, 2026
Local Agency Investment Fund
Yield Purchase Date Maturity Rate

3.826% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ 64,399,513 $ (4,000,000) $ 60,399,513 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 MARCH 31, 2026
March 3.826
February 3.871
January 3.931
December 4.025
November 4.096
October 4.150
LAIF Apportionment Rate(2): 4.20
LAIF Earnings Ratio(2): 0.00011512010685708
LAIF Administrative Cost(1)*: 0.27
PMIA Average Life(1): 244
LAIF Fair Value Factor(1): 1.002181483
PMIA Daily(1): 3.97
PMIA Quarter to Date(1): 4.09
Treasuries

57.66%
Agencies

22.68%
Certificates of
Deposit/Bank Notes

9.63%
Time
Deposits

3.31%
Commercial
Paper

5.99%
Corporate
Bonds

0.57%
Loans

0.16%
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
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 04/08/26
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 12/31/25
Chart does not include $855,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
2/28/26
$164.6 billion
CAMP
Investment Portfolio

CITY OF LAKE ELSINORE

ACCOUNT STATEMENT
For the Month Ending
March 31, 2026
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF LAKE ELSINORE
Accounts included in Statement

LAKE ELSINORE - CITY FUNDS
Online Access www.camponline.com Customer Service 1-800-729-7665 Important Messages
CAMP will be closed on 04/03/2026 for Good Friday.

For the Month Ending March 31, 2026
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

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

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

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

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

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

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

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

PFM Asset Management
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by
Account Statement - Transaction Summary For the Month Ending March 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
466,400.34
5,753,535.81
(6,035,217.09)

0.00 $184,719.06
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 488.05
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
57,114,224.35
6,005,391.60
(5,609,712.55)
(607,377.59)
$56,902,525.81
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 332,958.14
March 31, 2026 February 28, 2026
Asset Summary
CAMP Pool 184,719.06 466,400.34
CAMP Managed Account 56,902,525.81 57,114,224.35
Total $57,087,244.87 $57,580,624.69
Asset Allocation

0.32%
CAMP Pool

99.68%
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 March 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
$466,400.34
5,753,535.81
(6,035,217.09)
$184,719.06
488.05
$57,114,224.35
(482,517.24)
(5,127,195.31)
6,005,391.60

0.00 (607,377.59)
$56,902,525.81
$57,580,624.69
$57,087,244.87
143,263.79
(25,679.04)
215,373.39
$332,958.14

0.00 5,139,847.24
130,611.86
482,517.24
(6,031,070.64)
278,094.30

0.00 Managed Account Total
56,764,436.10 56,949,155.16
408,682.71
5,139,847.24
482,517.24
130,611.86
(6,031,070.64)
(56,327,448.58)
(337,868.54)

0.00 408,682.71
11,175,064.33
482,517.24
130,611.86
(11,784,606.45)
(56,793,848.92)
(337,868.54)
488.05
Total Accrual Basis Earnings $229,707.39 $230,195.44
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 March 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 28,100,000.00 27,972,136.50 49.00 Municipal Bond / Note 200,000.00 201,877.80 0.35
Federal Agency Commercial
Mortgage-Backed Security
7,825,207.83 7,871,464.54 13.79
Corporate Note 14,056,000.00 14,062,102.04 24.63
Bank Note 525,000.00 528,113.78 0.93
Asset-Backed Security 6,242,239.61 6,266,831.15 10.98
Managed Account Sub-Total 56,948,447.44 56,902,525.81 99.68% Accrued Interest 408,682.71
Total Portfolio 56,948,447.44 57,311,208.52
CAMP Pool 184,719.06 184,719.06 0.32
Total Investments 57,133,166.50 57,495,927.58 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

10.98%
ABS

0.93%
Bank Note

24.13%
Corporate Note

13.79%
Federal Agency
Commercial
Mortgage-Backed
Security

0.32%
Joint Powers
Authority

0.35%
Muni Bond / Note

0.51%
Priv Placement
Bond

48.99%
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

1.97%

5.98% 5.93%

30.95%

45.33%

9.84%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1079

4.19%

4.01%
PFM Asset Management, a division of Page 3
U.S. Bancorp Asset Management, Inc.

Managed Account Issuer Summary For the Month Ending March 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Credit Quality (S&P Ratings)

9.54%
AAA

0.32%
AAAm

1.40%
BBB+

2.75%
NR

4.44%
A

7.86%
A+

3.51%
A1.81%
AA

64.13%
AA+

4.24%
AAIssuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 381,111.00 0.67
Air Products and Chemicals Inc 343,316.02 0.60
Amazon.com Inc 568,262.15 1.00
American Express Co 1,399,725.76 2.45
Analog Devices Inc 401,261.60 0.70
Apple Inc 763,803.58 1.34
BA Credit Card Trust 602,239.12 1.05
Bank of America Corp 682,836.96 1.20
Bank of New York Mellon Corp 467,203.83 0.82
Bayerische Motoren Werke AG 173,008.50 0.30
Berkshire Hathaway Inc 467,638.93 0.82
BlackRock Inc 787,046.60 1.38
Bristol-Myers Squibb Co 210,595.09 0.37
CAMP Pool 184,719.06 0.32
Capital One Financial Corp 490,187.18 0.86
Caterpillar Inc 221,044.05 0.39
Charles Schwab Corp 297,319.50 0.52
Cisco Systems Inc 427,691.46 0.75
Citigroup Inc 1,330,419.45 2.33
Deere & Co 382,267.13 0.67
Discover Card Execution Note Trust 350,723.10 0.61
Federal Home Loan Mortgage Corp 7,367,848.92 12.91
Federal National Mortgage Association 503,615.62 0.88
Fifth Third Auto Trust 160,395.00 0.28
Ford Credit Auto Owner Trust 33,872.77 0.06
GM Financial Consumer Automobile Receiv 97,903.52 0.17
Harley-Davidson Inc 30,022.11 0.05
Home Depot Inc 380,763.38 0.67
Honda Auto Receivables Owner Trust 428,710.41 0.75
Honda Motor Co Ltd 396,389.20 0.69
Hyundai Auto Receivables Trust 163,605.26 0.29
JPMorgan Chase & Co 407,197.13 0.71
PFM Asset Management, a division of Page 4
U.S. Bancorp Asset Management, Inc.

Managed Account Issuer Summary For the Month Ending March 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
Lockheed Martin Corp 60,357.24 0.11
Mars Inc 116,210.26 0.20
Mercedes-Benz Auto Receivables Trust 554,282.85 0.97
Microsoft Corp 745,980.00 1.31
Morgan Stanley 528,113.78 0.93
National Australia Bank Ltd 498,933.50 0.87
National Rural Utilities Cooperative Fi 344,757.35 0.60 Nissan Auto Receivables Owner Trust 14,116.26 0.02
Northern Trust Corp 569,837.07 1.00
Novartis AG 504,319.11 0.88
PACCAR Inc 402,683.20 0.71
Porsche Innovative Lease Owner 100,639.30 0.18
Shell PLC 569,358.10 1.00
State of California 201,877.80 0.35
State Street Corp 203,146.60 0.36
Target Corp 39,372.40 0.07
Texas Instruments Inc 85,639.88 0.15
TotalEnergies SE 569,695.05 1.00
Toyota Auto Receivables Owner Trust 192,633.41 0.34
Toyota Motor Corp 378,420.38 0.66
United States Treasury 27,972,136.50 49.00
UnitedHealth Group Inc 224,149.73 0.39
Verizon Master Trust 416,854.22 0.73
Wells Fargo & Co 403,468.40 0.71
WF Card Issuance Trust 487,519.09 0.85
Total $57,087,244.87 100.00%
PFM Asset Management, a division of Page 5
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 3.72 567.68 74,256.54 74,188.80

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 500,000.00 AA+ Aa1 10/01/24 10/07/24 460,722.66 3.51 1,571.13 475,724.30 472,578.00

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 11,312.15 1,187,813.65 1,197,609.60

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 12,961.84 1,353,507.07 1,372,261.00

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 13,904.52 1,453,116.41 1,472,061.80

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 24,509.67 2,576,269.06 2,594,820.80

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 4,901.93 590,975.86 589,101.60

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 7,352.90 883,156.84 883,652.40

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 7,352.90 880,188.88 883,652.40

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 7,557.15 905,815.87 908,198.30

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 12,254.83 1,481,555.63 1,472,754.00

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 21,650.21 2,584,827.19 2,601,865.40

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 31,862.57 3,849,859.21 3,829,160.40

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 2,113.26 306,225.37 303,796.80 PFM Asset Management, a division of Page 6
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 6,339.78 919,209.31 911,390.40

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 6,868.09 994,921.03 987,339.60

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 1,450,000.00 AA+ Aa1 02/02/26 02/05/26 1,478,320.31 3.72 10,214.09 1,477,313.10 1,468,351.20

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 1,725,000.00 AA+ Aa1 03/13/26 03/17/26 1,752,290.04 3.81 12,151.24 1,752,023.44 1,746,831.60

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 4,150,000.00 AA+ Aa1 03/02/26 03/06/26 4,253,101.56 3.56 29,233.43 4,251,328.95 4,202,522.40 Security Type Sub-Total 28,100,000.00 27,905,275.41 3.85 224,679.37 27,998,087.71 27,972,136.50 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 4.85 807.67 200,000.00 201,877.80 Security Type Sub-Total 200,000.00 200,000.00 4.85 807.67 200,000.00 201,877.80 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 1,215.96 547,250.57 546,597.70 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 358,520.25 AA+ Aa1 05/19/23 05/24/23 347,484.55 4.29 999.97 356,472.39 356,602.52 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 1,477.67 541,485.63 545,939.35 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 1,486.38 543,664.33 545,547.75 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 289,330.44 AA+ Aa1 12/06/23 12/14/23 289,328.12 4.86 1,171.31 289,329.84 292,221.43 PFM Asset Management, a division of Page 7
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 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 KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 428,278.28 AA+ Aa1 07/19/23 07/27/23 428,267.60 4.78 1,704.90 428,273.42 430,748.16 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 2,208.71 552,488.28 556,141.85 FNA 2023-M6 A2
DTD 07/01/2023 4.184% 07/01/2028
3136BQDE6 504,078.87 AA+ Aa1 07/18/23 07/31/23 495,533.16 4.58 1,757.62 500,106.11 503,615.62 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 1,975.00 494,205.12 505,374.50 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 3,100.00 793,873.94 808,060.00 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 1,515.63 368,414.06 380,605.12 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 2,000.00 496,780.35 506,412.50 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 5.14 760.35 179,711.86 183,631.68 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 1,113.75 274,559.91 279,283.40 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 1,104.90 291,704.20 292,516.62 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 1,730.67 441,860.61 447,057.16 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 1,873.99 498,219.45 499,980.20 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 4.41 698.25 189,994.65 191,128.98 Security Type Sub-Total 7,825,207.83 7,701,964.42 4.72 27,895.06 7,788,394.72 7,871,464.54 PFM Asset Management, a division of Page 8
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 1.19 977.50 224,990.41 224,149.73

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 1.26 297.74 174,996.17 173,008.50

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 1.81 881.88 224,824.66 221,044.05

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 1.99 164.67 39,989.22 39,372.40

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 1,758.16 474,826.99 467,203.83

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 3,781.25 743,883.10 745,980.00

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 4.59 573.75 294,891.39 295,648.20

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 2.70 485.56 473,295.11 467,638.93

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 4,950.00 296,330.63 297,319.50

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 6,074.44 496,839.41 498,933.50

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 1,186.18 764,406.05 763,803.58

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 3,805.99 375,463.93 378,420.38

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 1,785.00 342,235.22 344,757.35

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 4.04 499.61 85,784.70 85,639.88 PFM Asset Management, a division of Page 9
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 4.93 937.19 207,401.75 210,595.09

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 1,008.67 59,953.90 60,357.24

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 3,970.31 376,318.00 382,267.13

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 5.92 241.79 748,004.56 778,794.75

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 2,302.56 339,729.53 343,316.02

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 1,980.42 419,911.20 427,691.46

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 4.74 110.97 49,944.14 50,777.20

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 1,609.10 725,221.46 736,269.40

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 4,012.00 169,858.78 172,770.32

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 4,838.00 204,807.58 208,340.68

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 2,399.41 110,061.98 110,953.81

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 6,325.71 290,000.00 292,514.59

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 10,941.10 600,000.00 602,608.80

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 1,583.33 124,456.87 126,921.13 PFM Asset Management, a division of Page 10
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 3,166.67 249,075.95 253,842.25

AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
02665WFQ9 400,000.00 BBB+ A3 09/03/24 09/05/24 399,520.00 4.43 1,271.11 399,660.05 396,389.20

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 4.83 460.00 114,899.74 116,210.26

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 4,216.32 200,000.00 203,146.60

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 7,229.44 399,481.89 402,683.20

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 5,300.00 399,699.82 401,261.60

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 8,480.17 508,584.76 504,319.11

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 2,076.82 124,555.51 123,773.50

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 7,476.56 449,200.02 445,584.60

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 1,749.92 114,947.68 113,967.41

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 6,999.67 459,481.79 455,869.66 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 8,578.68 574,425.55 568,262.15

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 2,208.96 240,000.00 237,785.76

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 3,083.34 335,588.67 331,909.29 PFM Asset Management, a division of Page 11
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 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
Security Type Sub-Total 14,056,000.00 13,896,959.07 4.29 131,779.95 14,008,028.17 14,062,102.04 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 5,578.65 525,235.73 528,113.78 Security Type Sub-Total 525,000.00 525,525.00 4.94 5,578.65 525,235.73 528,113.78 Asset-Backed Security
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 14,110.90 AAA Aaa 09/20/22 09/28/22 14,107.98 4.46 27.97 14,110.19 14,116.26 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 7,734.26 AAA NR 10/04/22 10/12/22 7,732.99 4.82 15.53 7,733.90 7,736.57 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 53,487.59 AAA NR 01/24/23 01/30/23 53,487.56 4.63 110.07 53,487.58 53,560.07 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 29,970.29 NR Aaa 02/13/23 02/23/23 29,967.27 5.05 67.27 29,969.22 30,022.11 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 33,817.65 AAA NR 03/28/23 03/31/23 33,814.12 4.65 69.89 33,816.29 33,872.77 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 121,733.97 AAA NR 08/15/23 08/22/23 121,708.87 5.42 237.82 121,723.45 122,358.22 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 4.79 361.91 169,983.38 170,153.85 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 4.87 411.24 189,992.73 190,189.05 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 4.42 962.58 489,952.07 490,187.18 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 4.93 766.89 349,978.99 350,723.10 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 47,069.79 NR Aaa 11/01/23 11/08/23 47,061.50 5.67 74.13 47,065.58 47,478.88 PFM Asset Management, a division of Page 12
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 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
FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 159,315.16 AAA Aaa 08/15/23 08/23/23 159,305.29 5.53 391.56 159,310.46 160,395.00 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 5.17 928.80 404,941.28 407,197.13 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 5.23 953.02 409,990.57 412,374.31 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 99,992.07 100,639.30 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 4.98 398.40 179,986.75 181,145.52 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 1,150.60 494,898.53 501,514.20 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 4.15 212.11 114,989.80 115,075.21 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 79,995.70 80,228.16 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 1,168.44 552,973.30 554,282.85 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 4.51 571.89 414,986.45 416,854.22 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 89,989.00 90,166.95 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 4.31 478.89 250,000.00 250,939.75 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 4.34 935.51 484,994.52 487,519.09 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 6,569.44 549,871.76 551,624.70 PFM Asset Management, a division of Page 13
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

Managed Account Fair Market Value & Analytics For the Month Ending March 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 98.92 74,188.80 3,747.39 (67.74) DTD 11/15/2016 2.000% 11/15/2026

0.61 3.77
US TREASURY N/B 91282CCH2 500,000.00 BMO 94.52 472,578.00 11,855.34 (3,146.30) DTD 06/30/2021 1.250% 06/30/2028

2.17 3.82
US TREASURY N/B 91282CJR3 1,200,000.00 Citigrou 99.80 1,197,609.60 15,515.85 9,795.95 DTD 01/02/2024 3.750% 12/31/2028

2.57 3.83
US TREASURY N/B 91282CJR3 1,375,000.00 MorganSt 99.80 1,372,261.00 27,607.68 18,753.93 DTD 01/02/2024 3.750% 12/31/2028

2.57 3.83
US TREASURY N/B 91282CJR3 1,475,000.00 JPMorgan 99.80 1,472,061.80 27,368.44 18,945.39 DTD 01/02/2024 3.750% 12/31/2028

2.57 3.83
US TREASURY N/B 91282CJR3 2,600,000.00 MorganSt 99.80 2,594,820.80 29,047.36 18,551.74 DTD 01/02/2024 3.750% 12/31/2028

2.57 3.83
US TREASURY N/B 91282CEV9 600,000.00 Citigrou 98.18 589,101.60 46.91 (1,874.26) DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 900,000.00 BMO 98.18 883,652.40 5,238.34 495.56 DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 900,000.00 BMO 98.18 883,652.40 8,085.99 3,463.52 DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 925,000.00 Citigrou 98.18 908,198.30 5,961.97 2,382.43 DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 1,500,000.00 Citigrou 98.18 1,472,754.00 (4,042.88) (8,801.63) DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 2,650,000.00 MorganSt 98.18 2,601,865.40 36,748.21 17,038.21 DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 3,900,000.00 RBC Capi 98.18 3,829,160.40 (12,491.94) (20,698.81) DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CMG3 300,000.00 Citigrou 101.27 303,796.80 (3,023.51) (2,428.57) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
US TREASURY N/B 91282CMG3 900,000.00 Citigrou 101.27 911,390.40 (8,894.76) (7,818.91) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
US TREASURY N/B 91282CMG3 975,000.00 HSBC 101.27 987,339.60 (9,902.59) (7,581.43) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
US TREASURY N/B 91282CMG3 1,450,000.00 Citigrou 101.27 1,468,351.20 (9,969.11) (8,961.90) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
PFM Asset Management, a division of Page 15
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 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 1,725,000.00 RBC Capi 101.27 1,746,831.60 (5,458.44) (5,191.84) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
US TREASURY N/B 91282CMG3 4,150,000.00 BMO 101.27 4,202,522.40 (50,579.16) (48,806.55) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
Security Type Sub-Total 28,100,000.00 27,972,136.50 66,861.09 (25,951.21) 3.06 3.86 Municipal Bond / Note
CA ST 13063D3N6 200,000.00 WellsFar 100.94 201,877.80 1,877.80 1,877.80 DTD 03/15/2023 4.846% 03/01/2027

0.89 3.79
Security Type Sub-Total 200,000.00 201,877.80 1,877.80 1,877.80 0.89 3.79 Federal Agency Commercial Mortgage-Backed Security
FHMS K058 A2 3137BSP72 550,000.00 BREAN 99.38 546,597.70 19,757.86 (652.87) DTD 11/01/2016 2.653% 08/01/2026

0.35 3.93
FHMS K061 A2 3137BTUM1 358,520.25 Citigrou 99.47 356,602.52 9,117.97 130.13 DTD 01/01/2017 3.347% 11/01/2026

0.57 3.93
FHMS K064 A2 3137BXQY1 550,000.00 MorganSt 99.26 545,939.35 27,134.66 4,453.72 DTD 05/01/2017 3.224% 03/01/2027

0.80 3.91
FHMS K065 A2 3137F1G44 550,000.00 Citigrou 99.19 545,547.75 18,514.55 1,883.42 DTD 07/01/2017 3.243% 04/01/2027

0.95 3.89
FHMS KJ48 A1 3137HBC69 289,330.44 JPMorgan 101.00 292,221.43 2,893.31 2,891.59 DTD 12/01/2023 4.858% 05/01/2028

1.72 4.14
FHMS KJ46 A1 3137HAD45 428,278.28 JPMorgan 100.58 430,748.16 2,480.56 2,474.74 DTD 07/01/2023 4.777% 06/01/2028

1.18 4.07
FHMS K505 A2 3137HACX2 550,000.00 JPMorgan 101.12 556,141.85 648.45 3,653.57 DTD 07/01/2023 4.819% 06/01/2028

1.98 4.14
FNA 2023-M6 A2 3136BQDE6 504,078.87 JPMorgan 99.91 503,615.62 8,082.46 3,509.51 DTD 07/01/2023 4.184% 07/01/2028

2.12 4.13
FHMS K508 A2 3137HAQ74 500,000.00 BMO 101.07 505,374.50 16,342.50 11,169.38 DTD 10/01/2023 4.740% 08/01/2028

2.16 4.14
FHMS K506 A2 3137HAMH6 800,000.00 WellsFar 101.01 808,060.00 19,894.40 14,186.06 DTD 09/01/2023 4.650% 08/01/2028

2.13 4.08
PFM Asset Management, a division of Page 16
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 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 K509 A2 3137HAST4 375,000.00 MorganSt 101.49 380,605.12 17,561.24 12,191.06 DTD 10/01/2023 4.850% 09/01/2028

2.24 4.09
FHMS K507 A2 3137HAMS2 500,000.00 BOFAML 101.28 506,412.50 12,389.00 9,632.15 DTD 09/01/2023 4.800% 09/01/2028

2.20 4.12
FHMS K510 A2 3137HB3D4 180,000.00 JPMorgan 102.02 183,631.68 4,152.06 3,919.82 DTD 11/01/2023 5.069% 10/01/2028

2.28 4.09
FHMS K511 A2 3137HB3G7 275,000.00 BOFAML 101.56 279,283.40 5,073.47 4,723.49 DTD 12/01/2023 4.860% 10/01/2028

2.31 4.10
FHMS K514 A2 3137HBLV4 290,000.00 JPMorgan 100.87 292,516.62 (383.09) 812.42 DTD 02/01/2024 4.572% 12/01/2028

2.40 4.13
FHMS K524 A2 3137HDV56 440,000.00 PIER 101.60 447,057.16 4,355.12 5,196.55 DTD 07/01/2024 4.720% 05/01/2029

2.84 4.09
FHMS K526 A2 3137HDXL9 495,000.00 BMO 101.01 499,980.20 349.97 1,760.75 DTD 08/01/2024 4.543% 07/01/2029

3.00 4.15
FHMS K539 A2 3137HKXJ8 190,000.00 JPMorgan 100.59 191,128.98 1,135.63 1,134.33 DTD 04/01/2025 4.410% 01/01/2030

3.43 4.19
Security Type Sub-Total 7,825,207.83 7,871,464.54 169,500.12 83,069.82 1.84 4.06 Corporate Note
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 Citigrou 04/15/26 99.62 224,149.73 (458.77) (840.68) DTD 05/19/2021 1.150% 05/15/2026

0.12 4.27
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 SUMITR 07/12/26 98.86 173,008.50 (1,939.00) (1,987.67) DTD 08/12/2021 1.250% 08/12/2026

0.36 4.43
CATERPILLAR FINL SERVICE 14913R2U0 225,000.00 JPMorgan 98.24 221,044.05 (2,819.70) (3,780.61) DTD 01/10/2022 1.700% 01/08/2027

0.75 4.04
TARGET CORP (CALLABLE) 87612EBM7 40,000.00 Citigrou 12/15/26 98.43 39,372.40 (559.60) (616.82) DTD 01/24/2022 1.950% 01/15/2027

0.77 3.99
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 Deutsche 12/24/26 98.36 467,203.83 (6,741.67) (7,623.16) DTD 01/26/2022 2.050% 01/26/2027

0.80 4.10
MICROSOFT CORP (CALLABLE) 594918BY9 750,000.00 GoldmanS 11/06/26 99.46 745,980.00 24,037.50 2,096.90 DTD 02/06/2017 3.300% 02/06/2027

0.78 3.95
AMERICAN EXPRESS CO (CALLABLE) 025816CS6 300,000.00 RBS 02/01/27 98.55 295,648.20 18,445.20 756.81 DTD 03/04/2022 2.550% 03/04/2027

0.89 4.16
PFM Asset Management, a division of Page 17
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 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
BERKSHIRE HATHAWAY FIN (CALLABLE) 084664CZ2 475,000.00 SEEL 02/15/27 98.45 467,638.93 1,549.93 (5,656.18) DTD 03/15/2022 2.300% 03/15/2027

0.93 3.97
CHARLES SCHWAB CORP (CALLABLE) 808513BW4 300,000.00 Barclays 01/01/27 99.11 297,319.50 12,394.50 988.87 DTD 09/24/2021 3.300% 04/01/2027

0.94 4.22
NATIONAL AUSTRALIA BK/NY 63254ABE7 500,000.00 CAS 99.79 498,933.50 10,608.50 2,094.09 DTD 06/09/2022 3.905% 06/09/2027

1.14 4.09
APPLE INC (CALLABLE) 037833DB3 775,000.00 TD Secur 06/12/27 98.56 763,803.58 22,740.83 (602.47) DTD 09/12/2017 2.900% 09/12/2027

1.36 3.94
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WellsFar 100.91 378,420.38 2,137.88 2,956.45 DTD 01/12/2023 4.625% 01/12/2028

1.68 4.09
NATIONAL RURAL UTIL COOP (CALLABLE) 637432NP6 350,000.00 MorganSt 11/07/27 98.50 344,757.35 15,568.35 2,522.13 DTD 02/07/2018 3.400% 02/07/2028

1.70 4.25
TEXAS INSTRUMENTS INC (CALLABLE) 882508BV5 85,000.00 JPMorgan 01/15/28 100.75 85,639.88 (1,403.52) (144.82) DTD 11/18/2022 4.600% 02/15/2028

1.72 4.18
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122DE5 211,000.00 MAXE 11/20/27 99.81 210,595.09 9,012.02 3,193.34 DTD 07/15/2020 3.900% 02/20/2028

1.68 4.00
LOCKHEED MARTIN CORP (CALLABLE) 539830BZ1 60,000.00 Barclays 04/15/28 100.60 60,357.24 465.24 403.34 DTD 05/25/2023 4.450% 05/15/2028

1.93 4.15
JOHN DEERE CAPITAL CORP 24422EXB0 375,000.00 Citigrou 101.94 382,267.13 4,402.13 5,949.13 DTD 07/14/2023 4.950% 07/14/2028

2.13 4.05
CITIBANK NA (CALLABLE) 17325FBB3 750,000.00 Barclays 08/29/28 103.84 778,794.75 32,514.75 30,790.19 DTD 09/29/2023 5.803% 09/29/2028

2.26 4.17
AIR PRODUCTS & CHEMICALS (CALLABLE) 009158BH8 340,000.00 Barclays 01/08/29 100.98 343,316.02 3,768.22 3,586.49 DTD 02/08/2024 4.600% 02/08/2029

2.60 4.23
CISCO SYSTEMS INC (CALLABLE) 17275RBR2 420,000.00 Citigrou 01/26/29 101.83 427,691.46 7,838.46 7,780.26 DTD 02/26/2024 4.850% 02/26/2029

2.64 4.17
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 50,000.00 Citigrou 02/14/29 101.55 50,777.20 867.70 833.06 DTD 03/14/2024 4.700% 03/14/2029

2.69 4.13
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 725,000.00 BOFAML 02/14/29 101.55 736,269.40 10,914.15 11,047.94 DTD 03/14/2024 4.700% 03/14/2029

2.69 4.13
ADOBE INC (CALLABLE) 00724PAF6 170,000.00 SEEL 03/04/29 101.63 172,770.32 2,994.72 2,911.54 DTD 04/04/2024 4.800% 04/04/2029

2.67 4.22
ADOBE INC (CALLABLE) 00724PAF6 205,000.00 BOFAML 03/04/29 101.63 208,340.68 3,646.13 3,533.10 DTD 04/04/2024 4.800% 04/04/2029

2.67 4.22
PFM Asset Management, a division of Page 18
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 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
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 110,000.00 SEEL 04/23/28 100.87 110,953.81 865.81 891.83 DTD 04/23/2025 4.970% 04/23/2029

1.90 4.68
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 290,000.00 WellsFar 04/23/28 100.87 292,514.59 2,514.59 2,514.59 DTD 04/23/2025 4.970% 04/23/2029

1.90 4.68
BANK OF AMERICA CORP (CALLABLE) 06051GMT3 600,000.00 BOFAML 05/09/28 100.43 602,608.80 2,608.80 2,608.80 DTD 05/09/2025 4.623% 05/09/2029

1.95 4.51
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 MorganSt 05/25/29 101.54 126,921.13 2,727.38 2,464.26 DTD 06/25/2024 4.750% 06/25/2029

2.90 4.23
HOME DEPOT INC (CALLABLE) 437076DC3 250,000.00 PNCBank 05/25/29 101.54 253,842.25 5,214.75 4,766.30 DTD 06/25/2024 4.750% 06/25/2029

2.90 4.23
AMERICAN HONDA FINANCE 02665WFQ9 400,000.00 Deutsche 99.10 396,389.20 (3,130.80) (3,270.85) DTD 09/05/2024 4.400% 09/05/2029

3.14 4.69
MARS INC (CALLABLE) 571676AY1 115,000.00 BOFAML 02/01/30 101.05 116,210.26 1,334.46 1,310.52 DTD 03/12/2025 4.800% 03/01/2030

3.50 4.50
STATE STREET CORP (CALLABLE) 857477DB6 200,000.00 MorganSt 03/24/30 101.57 203,146.60 3,146.60 3,146.60 DTD 04/24/2025 4.834% 04/24/2030

3.56 4.41
PACCAR FINANCIAL CORP 69371RT71 400,000.00 TD Secur 100.67 402,683.20 3,303.20 3,201.31 DTD 05/08/2025 4.550% 05/08/2030

3.65 4.37
ANALOG DEVICES INC (CALLABLE) 032654BE4 400,000.00 BOFAML 05/15/30 100.32 401,261.60 1,613.60 1,561.78 DTD 06/16/2025 4.500% 06/15/2030

3.72 4.42
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 510,000.00 JPMorgan 10/05/30 98.89 504,319.11 (4,150.89) (4,265.65) DTD 11/05/2025 4.100% 11/05/2030

4.06 4.37
SHELL FINANCE US INC (CALLABLE) 822905AN5 125,000.00 MorganSt 10/06/30 99.02 123,773.50 (746.50) (782.01) DTD 11/06/2025 4.125% 11/06/2030

4.06 4.36
SHELL FINANCE US INC (CALLABLE) 822905AN5 450,000.00 RBC Capi 10/06/30 99.02 445,584.60 (3,551.40) (3,615.42) DTD 11/06/2025 4.125% 11/06/2030

4.06 4.36
NORTHERN TRUST CORP 665859AY0 115,000.00 BOFAML 99.10 113,967.41 (976.24) (980.27) DTD 11/19/2025 4.150% 11/19/2030

4.12 4.37
NORTHERN TRUST CORP 665859AY0 460,000.00 CIDLY 99.10 455,869.66 (3,573.74) (3,612.13) DTD 11/19/2025 4.150% 11/19/2030

4.12 4.37
AMAZON.COM INC (CALLABLE) 023135CT1 575,000.00 JPMorgan 10/20/30 98.83 568,262.15 (6,122.60) (6,163.40) DTD 11/20/2025 4.100% 11/20/2030

4.10 4.38
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 240,000.00 Citigrou 12/13/30 99.08 237,785.76 (2,214.24) (2,214.24) DTD 01/13/2026 4.248% 01/13/2031

4.23 4.46
PFM Asset Management, a division of Page 19
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 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
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 335,000.00 TD Secur 12/13/30 99.08 331,909.29 (3,703.76) (3,679.38) DTD 01/13/2026 4.248% 01/13/2031

4.23 4.46
Security Type Sub-Total 14,056,000.00 14,062,102.04 165,142.97 54,073.87 2.36 4.24 Bank Note
MORGAN STANLEY BANK NA (CALLABLE) 61690U8E3 525,000.00 Citigrou 07/14/27 100.59 528,113.78 2,588.78 2,878.05 DTD 07/19/2024 4.968% 07/14/2028

1.23 4.53
Security Type Sub-Total 525,000.00 528,113.78 2,588.78 2,878.05 1.23 4.53 Asset-Backed Security
NAROT 2022-B A3 65480JAC4 14,110.90 WellsFar 100.04 14,116.26 8.28 6.07 DTD 09/28/2022 4.460% 05/17/2027

0.13 4.20
GMCAR 2022-4 A3 36265QAD8 7,734.26 RBC Capi 100.03 7,736.57 3.58 2.67 DTD 10/12/2022 4.820% 08/16/2027

0.04 4.13
TAOT 2023-A A3 891940AC2 53,487.59 BOFAML 100.14 53,560.07 72.51 72.49 DTD 01/30/2023 4.630% 09/15/2027

0.24 4.11
HDMOT 2023-A A3 41285JAD0 29,970.29 JPMorgan 100.17 30,022.11 54.84 52.89 DTD 02/23/2023 5.050% 12/15/2027

0.20 4.25
FORDO 2023-A A3 344928AD8 33,817.65 BNPPSA 100.16 33,872.77 58.65 56.48 DTD 03/31/2023 4.650% 02/15/2028

0.30 4.15
HAROT 2023-3 A3 43815QAC1 121,733.97 BOFAML 100.51 122,358.22 649.35 634.77 DTD 08/22/2023 5.410% 02/18/2028

0.41 4.22
BACCT 2023-A1 A1 05522RDG0 170,000.00 BOFAML 100.09 170,153.85 192.34 170.47 DTD 06/16/2023 4.790% 05/15/2028

0.12 4.08
AMXCA 2023-1 A 02582JJZ4 190,000.00 RBC Capi 100.10 190,189.05 205.90 196.32 DTD 06/14/2023 4.870% 05/15/2028

0.12 4.09
COMET 2023-A1 A 14041NGD7 490,000.00 RBC Capi 100.04 490,187.18 299.54 235.11 DTD 05/24/2023 4.420% 05/15/2028

0.12 4.14
DCENT 2023-A2 A 254683CZ6 350,000.00 BOFAML 100.21 350,723.10 770.38 744.11 DTD 06/28/2023 4.930% 06/15/2028

0.20 3.95
HAROT 2023-4 A3 438123AC5 47,069.79 JPMorgan 100.87 47,478.88 417.38 413.30 DTD 11/08/2023 5.670% 06/21/2028

0.59 4.27
PFM Asset Management, a division of Page 20
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 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
FITAT 2023-1 A3 31680EAD3 159,315.16 JPMorgan 100.68 160,395.00 1,089.71 1,084.54 DTD 08/23/2023 5.530% 08/15/2028

0.49 4.19
CHAIT 2023-A1 A 161571HT4 405,000.00 JPMorgan 100.54 407,197.13 2,309.40 2,255.85 DTD 09/15/2023 5.160% 09/15/2028

0.44 3.99
AMXCA 2023-3 A 02582JKD1 410,000.00 Citigrou 100.58 412,374.31 2,392.64 2,383.74 DTD 09/19/2023 5.230% 09/15/2028

0.44 3.98
PILOT 2025-1A A3 73329KAD8 100,000.00 Barclays 100.64 100,639.30 650.01 647.23 DTD 05/21/2025 4.610% 10/20/2028

1.31 4.17
BACCT 2023-A2 A2 05522RDH8 180,000.00 BOFAML 100.64 181,145.52 1,169.69 1,158.77 DTD 12/14/2023 4.980% 11/15/2028

0.60 3.98
AMXCA 2024-1 A 02582JKH2 495,000.00 Barclays 101.32 501,514.20 6,615.67 6,615.67 DTD 04/23/2024 5.230% 04/16/2029

0.99 3.97
HAROT 2025-2 A3 437921AD1 115,000.00 JPMorgan 100.07 115,075.21 88.06 85.41 DTD 05/08/2025 4.150% 10/15/2029

1.39 4.14
BAAT 2025-1A A3 05594BAD8 80,000.00 BOFAML 100.29 80,228.16 233.68 232.46 DTD 05/12/2025 4.350% 11/20/2029

1.11 4.13
MBART 2025-1 A3 58773DAD6 550,000.00 WellsFar 100.78 554,282.85 609.02 1,309.55 DTD 01/23/2025 4.780% 12/17/2029

1.06 4.09
VZMT 2025-3 A1A 92348KDY6 415,000.00 BOFAML 100.45 416,854.22 1,872.06 1,867.77 DTD 03/31/2025 4.510% 03/20/2030

1.47 4.31
GMCAR 2025-2 A3 362549AD9 90,000.00 TD Secur 100.19 90,166.95 180.20 177.95 DTD 05/14/2025 4.280% 04/16/2030

1.23 4.17
BACCT 2025-A1 A 05522RDK1 250,000.00 BOFAML 100.38 250,939.75 940.70 939.75 DTD 06/12/2025 4.310% 05/15/2030

1.99 4.16
WFCIT 2025-A1 A 92970QAJ4 485,000.00 WellsFar 100.52 487,519.09 2,527.14 2,524.57 DTD 06/10/2025 4.340% 05/15/2030

1.99 4.12
CCCIT 2025-A1 A 17305EHA6 550,000.00 Citigrou 100.30 551,624.70 1,773.91 1,752.94 DTD 06/26/2025 4.300% 06/21/2030

2.08 4.16
TAOT 2026-A A3 89240KAD0 140,000.00 BNP Sec 99.34 139,073.34 (914.73) (915.21) DTD 01/21/2026 3.860% 09/16/2030

2.12 4.20
HAROT 2026-1 A3 43815CAD0 145,000.00 MUFG 99.17 143,798.10 (1,178.80) (1,179.83) DTD 02/18/2026 3.780% 09/23/2030

2.16 4.20
HART 2026-A A3 448981AD2 165,000.00 BOFAML 99.15 163,605.26 (1,383.60) (1,384.46) DTD 02/18/2026 3.790% 02/18/2031

2.25 4.20
PFM Asset Management, a division of Page 21
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 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
Security Type Sub-Total 6,242,239.61 6,266,831.15 21,707.51 22,141.38 1.05 4.10 Managed Account Sub-Total 56,948,447.44 56,902,525.81 427,678.27 138,089.71 2.47 4.01 Joint Powers Authority
CAMP Pool 184,719.06 1.00 184,719.06 0.00 0.00 0.00
Liquid Sub-Total 184,719.06 184,719.06 0.00 0.00 0.00
Total Investments $57,495,927.58
$408,682.71
$57,087,244.87
Accrued Interest
Securities Sub-Total $57,133,166.50 $427,678.27 $138,089.71 2.47 4.01% PFM Asset Management, a division of Page 22
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 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
03/06/26 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
03/02/26 91282CMG3 4,150,000.00 (4,253,101.56) (16,565.61) (4,269,667.17) 03/17/26 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
03/13/26 91282CMG3 1,725,000.00 (1,752,290.04) (9,113.43) (1,761,403.47) Transaction Type Sub-Total 5,875,000.00 (6,005,391.60) (25,679.04) (6,031,070.64)

INTEREST
03/01/26 MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
03/01/26 571676AY1 0.00 2,760.00 2,760.00
03/01/26 CA ST
DTD 03/15/2023 4.846% 03/01/2027
03/01/26 13063D3N6 0.00 4,846.00 4,846.00
03/25/26 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
03/01/26 3137HBLV4 0.00 1,104.90 1,104.90
03/25/26 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
03/01/26 3137HDV56 0.00 1,730.67 1,730.67
03/25/26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
03/01/26 3137HAMH6 0.00 3,100.00 3,100.00
03/25/26 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
03/01/26 3137HB3G7 0.00 1,113.75 1,113.75
03/25/26 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
03/01/26 3137HB3D4 0.00 760.35 760.35
03/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
03/01/26 3137HBC69 0.00 3,121.73 3,121.73
03/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
03/01/26 3137HACX2 0.00 2,208.71 2,208.71
03/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
03/01/26 3137HAD45 0.00 1,708.14 1,708.14
03/25/26 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
03/01/26 3137HAQ74 0.00 1,975.00 1,975.00
03/25/26 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
03/01/26 3137BSP72 0.00 1,215.96 1,215.96
03/25/26 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
03/01/26 3137F1G44 0.00 1,486.38 1,486.38
PFM Asset Management, a division of Page 23
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

INTEREST
03/25/26 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
03/01/26 3137BXQY1 0.00 1,477.67 1,477.67
03/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.184% 07/01/2028
03/01/26 3136BQDE6 0.00 1,757.81 1,757.81
03/25/26 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
03/01/26 3137HAST4 0.00 1,515.63 1,515.63
03/25/26 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
03/01/26 3137HDXL9 0.00 1,873.99 1,873.99
03/25/26 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
03/01/26 3137HAMS2 0.00 2,000.00 2,000.00
03/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
03/01/26 3137BTUM1 0.00 1,005.53 1,005.53
03/25/26 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
03/01/26 3137HKXJ8 0.00 698.25 698.25
03/04/26 AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
03/04/26 025816CS6 0.00 3,825.00 3,825.00
03/05/26 AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
03/05/26 02665WFQ9 0.00 8,800.00 8,800.00
03/12/26 APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
03/12/26 037833DB3 0.00 11,237.50 11,237.50
03/14/26 BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
03/14/26 09290DAA9 0.00 18,212.50 18,212.50
03/15/26 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
03/15/26 14318MAD1 0.00 7.86 7.86
03/15/26 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
03/15/26 448981AD2 0.00 469.01 469.01
03/15/26 BERKSHIRE HATHAWAY FIN
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
03/15/26 084664CZ2 0.00 5,462.50 5,462.50
03/15/26 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
03/15/26 02582JJZ4 0.00 771.08 771.08
03/15/26 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
03/15/26 254683CY9 0.00 1,149.33 1,149.33
PFM Asset Management, a division of Page 24
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

INTEREST
03/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
03/15/26 31680EAD3 0.00 806.25 806.25
03/15/26 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
03/15/26 02582JKH2 0.00 2,157.37 2,157.37
03/15/26 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
03/15/26 344928AD8 0.00 149.58 149.58
03/15/26 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
03/15/26 65480JAC4 0.00 69.30 69.30
03/15/26 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
03/15/26 14041NGD7 0.00 1,804.83 1,804.83
03/15/26 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
03/15/26 254683CZ6 0.00 1,437.92 1,437.92
03/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
03/15/26 41285JAD0 0.00 155.27 155.27
03/15/26 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
03/15/26 05522RDH8 0.00 747.00 747.00
03/15/26 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
03/15/26 161571HT4 0.00 1,741.50 1,741.50
03/15/26 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
03/15/26 92970QAJ4 0.00 1,754.08 1,754.08
03/15/26 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
03/15/26 05522RDK1 0.00 897.92 897.92
03/15/26 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
03/15/26 89240KAD0 0.00 450.33 450.33
03/15/26 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
03/15/26 58773DAD6 0.00 2,190.83 2,190.83
03/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
03/15/26 891940AC2 0.00 243.95 243.95
03/15/26 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
03/15/26 02582JKD1 0.00 1,786.92 1,786.92
03/15/26 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
03/15/26 05522RDG0 0.00 678.58 678.58
03/15/26 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
03/15/26 437921AD1 0.00 397.71 397.71
PFM Asset Management, a division of Page 25
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

INTEREST
03/16/26 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
03/16/26 36265QAD8 0.00 71.43 71.43
03/16/26 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
03/16/26 362549AD9 0.00 321.00 321.00
03/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
03/18/26 43815QAC1 0.00 615.31 615.31
03/20/26 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
03/20/26 92348KDY6 0.00 1,559.71 1,559.71
03/20/26 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
03/20/26 73329KAD8 0.00 384.17 384.17
03/20/26 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
03/20/26 05594BAD8 0.00 290.00 290.00
03/21/26 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
03/21/26 43815CAD0 0.00 502.43 502.43
03/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
03/21/26 438123AC5 0.00 241.97 241.97
03/29/26 CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
03/29/26 17325FBB3 0.00 21,761.25 21,761.25
Transaction Type Sub-Total 0.00 130,611.86 130,611.86

PAYDOWNS
03/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.184% 07/01/2028
03/01/26 3136BQDE6 57.55 57.55 0.00 57.55 0.98 0.47
03/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
03/01/26 3137HBC69 86,717.85 86,717.85 0.00 86,717.85 0.69 0.18 03/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
03/01/26 3137HAD45 813.50 813.50 0.00 813.50 0.02 0.01
03/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
03/01/26 3137BTUM1 1,992.88 1,992.88 0.00 1,992.88 61.34 12.84 03/15/26 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
03/15/26 344928AD8 4,783.62 4,783.62 0.00 4,783.62 0.50 0.20 03/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
03/15/26 891940AC2 9,739.90 9,739.90 0.00 9,739.90 0.00 0.00 PFM Asset Management, a division of Page 26
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

PAYDOWNS
03/15/26 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
03/15/26 254683CY9 320,000.00 320,000.00 0.00 320,000.00 18.56 7.53 03/15/26 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
03/15/26 14318MAD1 2,375.10 2,375.12 0.00 2,375.12 0.08 0.03 03/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
03/15/26 31680EAD3 15,639.81 15,639.81 0.00 15,639.81 0.97 0.47 03/15/26 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
03/15/26 65480JAC4 4,534.32 4,534.32 0.00 4,534.32 0.94 0.24 03/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
03/15/26 41285JAD0 6,924.99 6,924.99 0.00 6,924.99 0.70 0.25 03/16/26 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
03/16/26 36265QAD8 10,047.80 10,047.80 0.00 10,047.80 1.65 0.48 03/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
03/18/26 43815QAC1 14,748.07 14,748.07 0.00 14,748.07 3.04 1.30 03/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
03/21/26 438123AC5 4,141.83 4,141.83 0.00 4,141.83 0.73 0.38 Transaction Type Sub-Total 482,517.22 482,517.24 0.00 482,517.24 90.20 24.38 SELL
03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 700,000.00 665,437.50 1,571.13 667,008.63 46,238.28 13,419.04 FIFO 03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 1,275,000.00 1,212,046.88 2,861.71 1,214,908.59 42,682.62 2,985.23 FIFO 03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 225,000.00 213,890.63 505.01 214,395.64 15,249.03 4,769.82 FIFO 03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 1,300,000.00 1,235,812.50 2,917.82 1,238,730.32 61,851.56 13,048.78 FIFO 03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 500,000.00 475,312.49 1,122.23 476,434.72 14,589.83 333.91 FIFO 03/17/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/13/26 91282CCH2 1,400,000.00 1,324,695.31 3,674.03 1,328,369.34 34,671.87 (6,128.10) FIFO Transaction Type Sub-Total 5,400,000.00 5,127,195.31 12,651.93 5,139,847.24 215,283.19 28,428.68 PFM Asset Management, a division of Page 27
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 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
Managed Account Sub-Total (395,679.05) 117,584.75 (278,094.30) 215,373.39 28,453.06 Total Security Transactions ($395,679.05) $117,584.75 ($278,094.30) $215,373.39 $28,453.06 PFM Asset Management, a division of Page 28
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 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 CAMP Pool
Opening Balance 466,400.34
03/02/26 03/02/26 Purchase - Interest 13063D3N6 1.00 4,846.00 471,246.34 03/02/26 03/02/26 Purchase - Interest 571676AY1 1.00 2,760.00 474,006.34 03/04/26 03/04/26 Purchase - Interest 025816CS6 1.00 3,825.00 477,831.34 03/05/26 03/05/26 Purchase - Interest 02665WFQ9 1.00 8,800.00 486,631.34 03/06/26 03/06/26 Purchase - Principal 91282CCH2 1.00 3,802,500.00 4,289,131.34 03/06/26 03/06/26 Purchase - Interest 91282CCH2 1.00 8,977.90 4,298,109.24 03/06/26 03/06/26 Redemption - Interest 91282CMG3 1.00 (16,565.61) 4,281,543.63 03/06/26 03/06/26 Redemption - Principal 91282CMG3 1.00 (4,253,101.56) 28,442.07 03/12/26 03/12/26 Purchase - Interest 037833DB3 1.00 11,237.50 39,679.57 03/16/26 03/16/26 Purchase - Interest 084664CZ2 1.00 5,462.50 45,142.07 03/16/26 03/16/26 Purchase - Interest 09290DAA9 1.00 18,212.50 63,354.57 03/16/26 03/16/26 Purchase - Interest 02582JJZ4 1.00 771.08 64,125.65 03/16/26 03/16/26 Purchase - Interest 02582JKD1 1.00 1,786.92 65,912.57 03/16/26 03/16/26 Purchase - Interest 02582JKH2 1.00 2,157.37 68,069.94 03/16/26 03/16/26 Purchase - Interest 05522RDG0 1.00 678.58 68,748.52 03/16/26 03/16/26 Purchase - Interest 05522RDH8 1.00 747.00 69,495.52 03/16/26 03/16/26 Purchase - Interest 05522RDK1 1.00 897.92 70,393.44 03/16/26 03/16/26 Purchase - Interest 14041NGD7 1.00 1,804.83 72,198.27 03/16/26 03/16/26 Purchase - Interest 14318MAD1 1.00 7.86 72,206.13 03/16/26 03/16/26 Purchase - Interest 161571HT4 1.00 1,741.50 73,947.63 03/16/26 03/16/26 Purchase - Interest 254683CY9 1.00 1,149.33 75,096.96 PFM Asset Management, a division of Page 29
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 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 CAMP Pool
03/16/26 03/16/26 Purchase - Interest 254683CZ6 1.00 1,437.92 76,534.88 03/16/26 03/16/26 Purchase - Interest 31680EAD3 1.00 806.25 77,341.13 03/16/26 03/16/26 Purchase - Interest 344928AD8 1.00 149.58 77,490.71 03/16/26 03/16/26 Purchase - Interest 362549AD9 1.00 321.00 77,811.71 03/16/26 03/16/26 Purchase - Interest 36265QAD8 1.00 71.42 77,883.13 03/16/26 03/16/26 Purchase - Interest 41285JAD0 1.00 155.27 78,038.40 03/16/26 03/16/26 Purchase - Interest 437921AD1 1.00 397.71 78,436.11 03/16/26 03/16/26 Purchase - Interest 448981AD2 1.00 469.01 78,905.12 03/16/26 03/16/26 Purchase - Interest 58773DAD6 1.00 2,190.83 81,095.95 03/16/26 03/16/26 Purchase - Interest 65480JAC4 1.00 69.30 81,165.25 03/16/26 03/16/26 Purchase - Interest 891940AC2 1.00 243.95 81,409.20 03/16/26 03/16/26 Purchase - Interest 89240KAD0 1.00 450.33 81,859.53 03/16/26 03/16/26 Purchase - Interest 92970QAJ4 1.00 1,754.08 83,613.61 03/16/26 03/16/26 Purchase - Correction to Interest 36265QAD8 from 03/16/2026 1.00 71.43 83,685.04 03/16/26 03/16/26 Purchase - Principal 254683CY9 1.00 320,000.00 403,685.04 03/16/26 03/16/26 Purchase - Principal 14318MAD1 1.00 2,375.12 406,060.16 03/16/26 03/16/26 Purchase - Principal 31680EAD3 1.00 15,639.81 421,699.97 03/16/26 03/16/26 Purchase - Principal 344928AD8 1.00 4,783.62 426,483.59 03/16/26 03/16/26 Purchase - Principal 41285JAD0 1.00 6,924.99 433,408.58 03/16/26 03/16/26 Purchase - Principal 891940AC2 1.00 9,739.90 443,148.48 03/16/26 03/16/26 Purchase - Principal 65480JAC4 1.00 4,534.32 447,682.80 03/16/26 03/16/26 Purchase - Principal 36265QAD8 1.00 10,047.80 457,730.60 PFM Asset Management, a division of Page 30
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 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 CAMP Pool
03/16/26 03/16/26 Redemption - Reversal of Interest 36265QAD8 from 03/16/2026 1.00 (71.42) 457,659.18 03/17/26 03/17/26 Purchase - Principal 91282CCH2 1.00 1,324,695.31 1,782,354.49 03/17/26 03/17/26 Purchase - Interest 91282CCH2 1.00 3,674.03 1,786,028.52 03/17/26 03/17/26 Redemption - Principal 91282CMG3 1.00 (1,752,290.04) 33,738.48 03/17/26 03/17/26 Redemption - Interest 91282CMG3 1.00 (9,113.43) 24,625.05 03/18/26 03/18/26 Purchase - Interest 43815QAC1 1.00 615.31 25,240.36 03/18/26 03/18/26 Purchase - Principal 43815QAC1 1.00 14,748.07 39,988.43 03/20/26 03/20/26 Purchase - Interest 05594BAD8 1.00 290.00 40,278.43 03/20/26 03/20/26 Purchase - Interest 73329KAD8 1.00 384.17 40,662.60 03/20/26 03/20/26 Purchase - Interest 92348KDY6 1.00 1,559.71 42,222.31 03/23/26 03/23/26 Purchase - Interest 438123AC5 1.00 241.97 42,464.28 03/23/26 03/23/26 Purchase - Interest 43815CAD0 1.00 502.43 42,966.71 03/23/26 03/23/26 Purchase - Principal 438123AC5 1.00 4,141.83 47,108.54 03/25/26 03/25/26 Purchase - Interest 3137BXQY1 1.00 1,477.67 48,586.21 03/25/26 03/25/26 Purchase - Interest 3137F1G44 1.00 1,486.38 50,072.59 03/25/26 03/25/26 Purchase - Interest 3137HACX2 1.00 2,208.71 52,281.30 03/25/26 03/25/26 Purchase - Interest 3137HAD45 1.00 1,708.14 53,989.44 03/25/26 03/25/26 Purchase - Interest 3137HAMH6 1.00 3,100.00 57,089.44 03/25/26 03/25/26 Purchase - Interest 3137HAMS2 1.00 2,000.00 59,089.44 03/25/26 03/25/26 Purchase - Interest 3137HAQ74 1.00 1,975.00 61,064.44 03/25/26 03/25/26 Purchase - Interest 3137HAST4 1.00 1,515.63 62,580.07 03/25/26 03/25/26 Purchase - Interest 3137HB3D4 1.00 760.35 63,340.42 PFM Asset Management, a division of Page 31
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 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 CAMP Pool
03/25/26 03/25/26 Purchase - Interest 3137HB3G7 1.00 1,113.75 64,454.17 03/25/26 03/25/26 Purchase - Interest 3137HBC69 1.00 3,121.73 67,575.90 03/25/26 03/25/26 Purchase - Interest 3137HBLV4 1.00 1,104.90 68,680.80 03/25/26 03/25/26 Purchase - Interest 3137HDV56 1.00 1,730.67 70,411.47 03/25/26 03/25/26 Purchase - Interest 3137HDXL9 1.00 1,873.99 72,285.46 03/25/26 03/25/26 Purchase - Interest 3137HKXJ8 1.00 698.25 72,983.71 03/25/26 03/25/26 Purchase - Interest 3136BQDE6 1.00 1,757.81 74,741.52 03/25/26 03/25/26 Purchase - Interest 3137BSP72 1.00 1,215.96 75,957.48 03/25/26 03/25/26 Purchase - Interest 3137BTUM1 1.00 1,005.53 76,963.01 03/25/26 03/25/26 Purchase - Principal 3137BTUM1 1.00 1,992.88 78,955.89 03/25/26 03/25/26 Purchase - Principal 3137HAD45 1.00 813.50 79,769.39 03/25/26 03/25/26 Purchase - Principal 3137HBC69 1.00 86,717.85 166,487.24 03/25/26 03/25/26 Purchase - Principal 3136BQDE6 1.00 57.55 166,544.79 03/27/26 03/27/26 IP Fees February 2026 1.00 (3,860.06) 162,684.73 03/27/26 03/27/26 U.S. Bank Fees January 2026 1.00 (214.97) 162,469.76 03/30/26 03/30/26 Purchase - Interest 17325FBB3 1.00 21,761.25 184,231.01 03/31/26 04/01/26 Accrual Income Div Reinvestment - Distributions 1.00 488.05 184,719.06 PFM Asset Management, a division of Page 32
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 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 184,719.06
184,719.06
184,719.06
150,994.85
2,390.78

0.00 (10,036,914.44)
9,267,065.51
954,567.99
488.05
184,719.06

0.00 (6,035,217.09)
5,753,535.81
466,400.34
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
March January-March

3.80%
PFM Asset Management, a division of Page 33
U.S. Bancorp Asset Management, Inc.

Page 1 of 3 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Barbara Leibold, City Attorney
Date: April 28, 2026
Subject: Ordinance Regulating Electric Bicycles and Other Electric Transportation Devices
Recommendation
Introduce by title only and wave further reading of AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADDING TITLE 10, CHAPTER 10.54 OF THE

LAKE ELSINORE MUNICIPAL CODE TO REGULATE AND PROVIDE FOR EFFECTIVE

ENFORCEMENT REGARDING ELECTRIC BICYCLES AND OTHER ELECTRIC

TRANSPORTATION DEVICES
Background
Over the last few years, the City and the region as a whole have experienced a noticeable increase in the use of electric bicycles (e-bikes), motorized bicycles, motorized scooters and similar electric mobility devices operating on streets and bike paths. While these devices provide mobility benefits, their rapid growth has created safety concerns and confusion regarding where they may be legally operated.

Common concerns noted in the region include a lack of helmets by e-bike operators and passengers, reckless speeds, inattention, carrying too many passengers, and the increased potential for collisions due to use on sidewalks and roadways. The California Vehicle Code governs the operation of these devices on public streets and roadways. However, the Vehicle Code provides limited guidance for operation on City-owned and maintained facilities such as parks, trails, pathways, and open space areas.

E-Bike Ordinance

Page 2 of 3 ends

The proposed ordinance establishes operational rules, safety requirements, penalties, and enforcement measures to improve public safety and address the risks associated with the increased use of e-bikes in the community.

California law categorizes electric bicycles into three classifications:

1. Class 1 Electric Bicycle: An electric bicycle equipped with a motor that provides assistance only when the rider is pedaling and ceases to provide assistance when the bicycle reaches a speed of 20 miles per hour.

2. Class 2 Electric Bicycle: An electric bicycle equipped with a motor that may be used exclusively to propel the bicycle and ceases to provide assistance when the bicycle reaches a speed of 20 miles per hour.

Discussion
The proposed ordinance introduces several key provisions to ensure the safe and responsible operation of electric bicycles and other electric mobility devises. It establishes local regulations that clarify where and how electric bicycles, motorized bicycles, and motorized scooters may operate on City-owned and maintained property and properties that are publicly accessible, while reaffirming that the California Vehicle Code continues to govern their use on public streets and roadways.

Use on Public Streets and Roadways. Operation of electric bicycles, motorized bicycles, and motorized scooters on public streets and roadways will remain governed by the California Vehicle Code. Riders will be required to comply with all traffic laws and traffic-control devices, including stop signs and traffic signals.

Operation on Trails and Pathways. Electric bicycles and similar devices are prohibited on sidewalks, open space conservation areas, playgrounds, parks, landscaped areas, athletic fields, sport courts, school ground or public trail not specifically designated as a bicycle path or route, unless specifically posted.

E-Bike Ordinance

Page 3 of 3 ends

Class 1 and Class 2 electric bicycles may be ridden, and Class 3 electric bicycles are prohibited, on the following public trails within the City:

1. All skate parks, designated as such, owned or operated by the City

2. BMX Pump Track

3. Lake Elsinore Levee Trail

4. Murrieta Creek Trail
Helmet Requirements. Helmet requirements under the ordinance are aligned with state law. All persons under eighteen must wear a properly fitted and fastened bicycle helmet while operating or riding as a passenger on an electric bicycle, or while operating an motorized scooter on a public street, bikeway, or trail. In addition, all operators and passengers of a Class 3 electric bicycle are required to wear a properly fitted and fastened helmet regardless of age.

Safety Standards. E-bikes must be equipped with essential safety features in compliance with state and federal safety standards, such as a front-facing white light for night riding, as well as reflectors on both wheels and the rear. Additionally, riders are required to stay as close as practicable to the right-hand curb or utilize designated bike lanes and travel in the same direction as vehicles. The ordinance also prohibits tampering with or modifying an electric bicycle so as to change the speed capability of the bicycle unless he or she appropriately replaces the label indicating the classification.

Unsafe Operation Prohibited. In addition to location-based restrictions, the ordinance establishes a general safety standard prohibiting the operation of electric bicycles, motorized bicycles, or motorized scooters in an unsafe manner that endangers the safety of any person or property. “Unsafe manner” includes operating in such a way as that violates any provision of State law or the City’s municipal code, riding in prohibited areas, underaged riders or illegal modifications, or constitutes a danger to the operator, a passenger, other motorists, other riders, or pedestrians in the area. The ordinance makes it unlawful to operate e-bikes on highways, roadways, other public areas while performing stunts such as wheelies, endo wheelies (stoppies) or other reckless or dangerous behavior. Operating an electric bicycle while utilizing a hand-held mobile communication device, such as using a mobile phone to text, is also prohibited.

Enforcement and Penalties. Violations of the ordinance are subject to administrative citations or may be subject to enforcement and punishment as a misdemeanor. Violations are also deemed to be a public nuisance. Parents of minors are responsible for any fees or penalties associated with a violation of the ordinance. Any person found in violation of any provision of this Chapter may, in lieu of payment of a fine or other penalty, be required to complete a City-approved training and education class on the safe operation of electric bicycles. In certain circumstances, including obstruction of public rights of way, electric bicycles can be impounded.

Fiscal Impact
None.

Attachments
Attachment 1 – E-Bike Ordinance
ORDINANCE NO. __________

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADDING TITLE 10, CHAPTER 10.54 OF THE LAKE ELSINORE

MUNICIPAL CODE TO REGULATE AND PROVIDE FOR EFFECTIVE

ENFORCEMENT REGARDING ELECTRIC BICYCLES AND OTHER ELECTRIC

TRANSPORTATION DEVICES
WHEREAS, the City of Lake Elsinore (“City”) is a municipal corporation, duly organized under the constitution and laws of the State of California; and WHEREAS, the California Legislature has recognized electric bikes/e-bikes should no longer be regulated like scooters or mopeds and the same rules of the road apply to both e-bikes and human-powered bicycles (A.B. 1096); and
WHEREAS, the Legislature defines an “electric bicycle” as a bicycle with fully operable pedals and an electric motor of less than 750 watts, and created 3 classes of electric bicycles under California Vehicle Code Section 312.5; and
WHEREAS, pursuant to California Vehicle Code Section 21207.5(a), class 3 electric bicycles are not to be operated on specified paths or trails unless permitted by ordinance; and WHEREAS, pursuant to California Vehicle Code Section 21207.5(b), a local agency having jurisdiction over a bicycle path or trail, equestrian trail, or hiking or recreational trail, may prohibit, by ordinance, the operation of a class 1 or class 2 electric bicycle on that path or trail; and
WHEREAS, electric bicycle regulations are necessary to protect the public health, safety and welfare;
WHEREAS, the widespread use of electric bicycles did not exist at the time the City’s municipal sidewalks, parks, trails and certain other public areas were established and developed, and is contrary to the original intent underlying the establishment and development of these areas for passive, non-vehicular use, and may be detrimental to the safety of electric cyclists and the general public;
WHEREAS, given the number of pedestrians on these areas of the City, regulation of electric bicycles and other electric transportation devices, to the extent permitted by State law, is necessary and will promote the safe and efficient use of the City’s parks, sidewalks, trails and other public areas;
WHEREAS, the City, therefore, has identified a need to address objective health, safety, and welfare concerns and regulations regarding electric bicycles and other electric transportation devices; and,
WHEREAS, parental co-responsibility for violations, risk and harm caused by minors in their custody and/or control will help encourage compliance with the law, discourage recidivism, and therefore, encourage and protect public health, safety and welfare.

Ord. No. 2026-___

Page 2 of 9 ends

NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES ORDAIN AS FOLLOWS:

SECTION 1. Chapter 10.54 is hereby added to the Lake Elsinore Municipal Code to read as follows:

Chapter 10.54

ELECTRIC BICYCLES AND OTHER ELECTRIC TRANSPORTATION DEVICES Sections:

10.54.010 Purpose.

10.54.020 Definitions.

10.54.030 Operation and Use of Electric Bicycles and Electric Motorcycles.

10.54.040 Regulations Provided upon Retail Sale or Rental of an Electric Regulated Mobility Device.

10.54.050 Enforcement and Penalties.

10.54.060 Exemptions.

10.54.010 Purpose.
(a) The purpose and intent of this chapter is to regulate the operation and use of electric bicycles and electric motorcycles in accordance with State law in order to promote and protect the health, safety, and general welfare of residents and visitors within the City, and in compliance with other requirements imposed upon the City. The City is authorized to regulate and enforce this activity pursuant to California Constitution, Art. 11, Section 7, Vehicle Code Sections 312.5, 21207, and 21200-21212, Government Code Sections 38771, and other provisions of law. (b) The City Council finds and declares that these regulations are directly related to objective health, safety, and welfare concerns created by the use of electric bicycles and other electric transportation devices, including public health and safety, pedestrian access and safety, health and safety of operators and passengers, vehicular traffic and the right and ability of the public to safely access and utilize public and other property within the City.

10.54.020 Definitions.

For purposes of this chapter, the following definitions shall apply, unless the context clearly indicates otherwise:
“Bicycle” shall have the same meaning as set forth in California Vehicle Code Section 231, as amended from time to time.
“Electric Bicycle” or “E-Bike” shall have the same meaning as set forth in California Vehicle Code Section 312.5, as amended from time to time, and shall be categorized as follows:

Ord. No. 2026-___

Page 3 of 9 ends

3. Class 3 Electric Bicycle: An electric bicycle equipped with a motor that provides assistance only when the rider is pedaling and ceases to provide assistance when the bicycle reaches a speed of 28 miles per hour. Such electric bicycles shall be equipped with a speedometer. "Electric Personal Assistive Mobility Device" shall have the same meaning as set forth in California Vehicle Code Section 313, as amended from time to time. "Electrically Motorized Boards" shall have the same meaning as set forth in California Vehicle Code Section 313.5, as amended from time to time.
"Electric Motorcycle" shall mean any electric-powered two- or three-wheeled vehicle with a motor of more than 750 watts, lacks operable pedals, and/or can attain a speed greater than 20 miles per hour on motor power alone. Such vehicles shall not be considered an electric bicycle and shall be treated as a motorcycle as defined by California Vehicle Code Sections 400(a) and 400(b).
"Highway" shall mean any publicly maintained way or place open to the use of the public for purposes of vehicular travel, including streets.
"Hours of Darkness" shall mean all times of the week that occur between 30 minutes past sunset to 30 minutes before sunrise.
"Low-Speed Vehicle" shall have the same meaning as set forth in California Vehicle Code Section 385.5, as amended from time to time.
"Motorized Scooter" shall have the same meaning as set forth in California Vehicle Code Section 407.5, as amended from time to time.
"Operator" shall mean any person who owns, operates, or controls a regulated mobility device. "Public Area" shall mean any outdoor area open to the public for public use, whether owned or operated by the City, other governmental agency or a private party. "Regulated Mobility Device" shall include electric bicycles, electric personal assistive mobility devices, electrically motorized boards, low-speed vehicles, electric motorcycles, motorized scooters, shared mobility devices and other similar vehicles. "Rider" shall mean a traveler riding on a regulated mobility device who is not operating it. "Seat" shall mean a device manufactured, designed, and factory- installed/appropriately installed on a regulated mobility device for the purpose of providing points of contact that support an operator or rider in a sitting position on the regulated mobility device including foot support. When transporting passengers, this term shall mean a device, or devices, manufactured, designed, and factory-installed/appropriately-installed on a regulated mobility device, for the purpose of providing points of contact that support each rider in a sitting position, including foot pegs, separate from the operator's seat such that each person operating or riding on the regulated mobility device is seated on the device to allow for their individual occupancy with individual foot support.
"Shared Mobility Device" shall have the same meaning as set forth in California Civil Code Section 2505, as amended from time to time.

Ord. No. 2026-___

Page 4 of 9 ends

"Unsafe manner" shall mean operating in such a way as that violates any provision of State law or the City’s municipal code, including riding in prohibited areas, underaged riders or illegal modifications, or constitutes a danger to the operator, a passenger, other motorists, other riders, or pedestrians in the area.
"Wheelie" shall mean an acrobatic stunt where the front tire or wheel is lifted off the ground due to extreme torque being applied to the rear wheel while in motion.

10.54.030 Operation and Use of Electric Bicycles and Other Regulated Mobility Device.

A. Operation in Compliance with City Regulations. It shall be unlawful for any person to ride or operate any electric bicycle, electric motorcycle, motor-driven cycle, any electric or motorized conveyance, or regulated mobility device unless such ride or operation complies with the provisions of this Chapter 10.54.

B. Helmet Requirement. All operators and passengers riding or operating an electric bicycle or other regulated mobility device who are under 18 years of age shall wear a properly fitted and fastened bicycle helmet, as specified in California Vehicle Code Sections 21212 and 21213.

All operators and passengers of Class 3 E-bikes shall wear a properly fitted and fastened bicycle helmet,
C. Direction of Travel. The operator of a bicycle, electric bicycle, electric scooter, electric skateboard or other regulated mobility device shall travel in the same direction as vehicles are required to be driven, regardless of whether or not the operator is in the roadway, highway, or in a bike lane.

D. Passenger Restrictions. No person riding or operating an electric bicycle, motor-driven cycle, any electric or motorized conveyance, or other regulated mobility device shall transport another person upon an electric bicycle, motor-driven cycle, any electric or motorized conveyance, or other regulated mobility device unless:

1. Such passenger is seated upon a seat attached to the regulated mobility device and designed for such use, and in a safe manner; and

2. The operator is at least 16 years of age and possesses a valid driver's license or is at least 18 years of age.

E. Requirements During Hours of Darkness.

1. During hours of darkness, electric bicycles, electric personal assistive mobility devices, and electrically motorized boards shall only be operated by persons 16 years of age or older.

2. During hours of darkness, electric bicycles, electric personal assistive mobility devices, and electrically motorized boards shall only be operated with a front lamp emitting a white light visible from a distance of 300 feet and a rear solid or flashing red light with a built-in reflector visible from a distance of 500 feet.

F. Prohibited Actions.

1. It shall be unlawful for any person to ride or operate any electric bicycle, electric motorcycle, motor-driven cycle, any electric or motorized conveyance, or regulated mobility device in an unsafe manner.

2. It shall be unlawful to operate any regulated mobility device on highways, roadways, sidewalks or other public areas while performing stunts such as wheelies, endo wheelies (stoppies) or other reckless or dangerous behavior.

Ord. No. 2026-___

Page 5 of 9 ends

3. It shall be unlawful to operate any regulated mobility device while utilizing a hand-held mobile communication device, such as using a mobile phone to text.

4. It shall be unlawful to operate any regulated mobility upon any sidewalk open space conservation area, playground, park, landscaped area, athletic fields, sport courts, school ground or public trail not specifically designated as a bicycle path or route, unless specifically posted.
i. Class 1 and Class 2 electric bicycles may be ridden, and Class 3 electric bicycles are prohibited, on the following public trails within the City:

1. All skate parks, designated as such, owned or operated by the City

2. BMX Pump Track

3. Lake Elsinore Levee Trail

4. Murrieta Creek Trail
G. Use of Designated Lanes.

1. Any regulated mobility device, including all electric bicycles, must use designated bicycle lanes where available, and must comply with Sections 21202 and 21208 of the California Vehicle Code regarding use of the right-hand curb and bicycle lanes.

2. Electric bicycle operators must yield the right-of-way to all pedestrians and maintain a cautious speed that does not endanger pedestrian safety.

H. Age Requirements for Electric Bicycles.

1. A person must be 16 years of age or older to operate a Class 3 electric bicycle.

I. Compliance with Safety Standards. All electric bicycles and other regulated mobility devices shall meet the following criteria:

1. Comply with the equipment and manufacturing requirements for bicycles adopted by the United States Consumer Product Safety Commission (16 C.F.R. 1512.1, et seq.).

2. Operate in a manner so that the electric motor is disengaged or ceases to function when the brakes are applied or operate in a manner such that the motor is engaged through a switch or mechanism that, when released or activated, will cause the electric motor to disengage or cease to function.

3. A person shall not tamper with or modify an electric bicycle so as to change the speed capability of the bicycle unless he or she appropriately replaces the label indicating the classification.

J. Electric Motorcycles. Electric motorcycles shall not be operated within the limits of the City without the following:

1. The operator shall have a valid motorcycle license as required by California Vehicle Code Section 12500(b); and

2. The electric motorcycle shall have, and the operator shall carry proof of, valid registration and license plate as required by California Vehicle Code Section 4000(a)(1); and

3. All operators and riders shall wear a helmet approved by the United States Department of Transportation (DOT) as required by California Vehicle Code Section 27803(b); and Ord. No. 2026-___

Page 6 of 9 ends

4. All operators shall have and maintain evidence of financial responsibility (Insurance) as required by California Vehicle Code Section 16028a or other State law.

10.54.040 Regulations Provided upon Retail Sale or Rental of an Electric Regulated Mobility Device.

A. Every business selling or renting any electric bicycle or other regulated mobility device shall supply a copy of this Chapter (LEMC Chapter 10.54) to every person(s) purchasing or renting an electric regulated mobility device and shall maintain proof of providing such copy for minimum of three years. Records of proof shall be provided to the City immediately upon request by any Enforcement Officer of the City, the City Manager or designee during normal business hours of the store or business.

B. Every store or business selling or renting an electric regulated mobility device must apply a label that is permanently affixed to each electric regulated mobility device that contains, among other things, the classification number of the electric device as specified.

C. Vehicles not classified as electric bicycles under this code must not be advertised, sold, offered for sale, or labeled as electric bicycles, including a vehicle that is modified to attain a speed greater than 20 miles per hour on motor power alone or to have motor power of more than 750 watts
D. The sale of a product or device that can modify the speed capability of an electric bicycle such that it no longer meets the definition of an electric bicycle, as provided by this Chapter, is prohibited.

10.54.050 Enforcement and Penalties.

A. This Chapter may be enforced by any Enforcement Officer, as that term is defined in Section

1.20.020 of this Code.

B. It shall be a violation of this Code to fail to comply with a lawful order or command of the any Enforcement Officer.

C. Responsibility of Parent or Legal Guardian. Each parent or legal guardian having custody or control of a minor who violates this Chapter shall be jointly and severally liable with such minor for such violation.

D. Violations and Penalties.

1. Each violation of this Chapter, and each day a violation occurs or continues shall constitute a separate and distinct violation.

2. Each violation of this Chapter shall be subject to an administrative citation pursuant to Chapter 1.20 of this Code.

3. Each violation of this Chapter shall be a misdemeanor and be subject to enforcement and punishment pursuant to Sections 1.06.050 and 1.16.010 of this Code.

4. Violation of any provision of this Chapter is a public nuisance and may be abated by any means available by law, including injunction.

5. Any person found in violation of any provision of this Chapter may, in lieu of payment of a fine or other penalty, be required to complete a City-approved training and education class on the safe operation of electric bicycles or other regulated mobility device. Payment for the costs for such class shall be the responsibility of the offender.

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Proof of completion must be provided to the City within 90 days of the violation notice if such class is required. The violation shall not be deemed adjudicated until the offender provides such notice timely.

6. Impoundment. A bicycle, electric bicycle or other regulated mobility device may be impounded by any Enforcement Officer when any of the following conditions are present:
(a) Obstruction of Public Areas. The device is left upon public property or other public areas in such a manner as to block or impede pedestrian or vehicular traffic, obstruct ingress or egress to any building, stairway, ramp, or similar space, or otherwise create a hazard to public safety.
(b) Excessive Duration. The device has been left unattended in a public area for a period of more than seventy-two (72) hours.
(c) Abandonment. The device shows objective signs of abandonment, disuse, or neglect, such as broken or missing parts, flat tires, accumulation of debris, or conditions evidencing that the device has been discarded and is not reasonably intended to be retrieved.
(d) Incident to Citation or Arrest. The operator of the device has been criminally cited or arrested for a violation of this Chapter or of any other applicable law or ordinance, and impoundment of the device is necessary to enforce compliance or protect public safety.
(e) In the event of any impoundment pursuant to this Chapter, the City shall:
i. Provide the person from whom the bicycle, electric bicycle or other regulated mobility device was impounded with a receipt and instructions for retrieval of the property, which shall be given in person at the time of impoundment, or promptly mailed by first class mail to the person at the last known address.
ii. If the Enforcement Officer has knowledge that the person from whom the bicycle, electric bicycle or other regulated mobility device was impounded is not the owner, the Enforcement Officer shall make reasonable efforts to identify the owner, and if identified, shall mail by first class mail a receipt and instructions for retrieval of the item. iii. The receipt and instructions shall notify the person that the bicycle, electric bicycle or other regulated mobility device must be claimed within 60 days after the City obtained possession or the property will be disposed of in accordance with Civil Code section 2080.10. iv. Within said 60 days, the owner may retrieve the bicycle, electric bicycle or other regulated mobility device upon payment of the fees and costs provided by the City, may authorize in writing another person to pay and retrieve the item, or may notify the City that the person is unable to retrieve it within 60 days because the person is in police custody and request the City hold the item, in which case, the City may hold it for a period not longer than 10 months total.
v. In the event of a violation by a juvenile, the bicycle, electric bicycle or other regulated mobility device may be released only to a responsible Ord. No. 2026-___

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adult. The fee for storage and other costs incurred by the City or Sheriff’s Office shall be paid prior to release of the item. In the event the bicycle, electric bicycle or other regulated mobility device is not retrieved within 60 days, it may be disposed of pursuant to Civil Code section 2080.10.

10.54.060 Exemptions.

A. Public Agency Personnel. Notwithstanding any other provision of this chapter, or any other section of this code, City and public agency personnel may operate regulated mobility devices or other vehicles at any place in the City in the performance of their official duties.

B. Disability. This chapter is not intended to apply to or otherwise restrict regulated mobility devices used in a safe manner by physically disabled persons as defined under the Americans with Disabilities Act (42 U.S.C. Sections 12101 et seq.).

SECTION 2. Severability. If any section, subsection, sentence, clause, phase, or portion of this Ordinance is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have adopted this Ordinance, and each section, subsection, subdivision, sentence, clause, phrase or portion thereof, irrespective of the fact that any one or more sections, subsections, subdivisions, sentences, clauses, phrases or portions might subsequently be declared invalid or unconstitutional.

SECTION 3. CEQA. The City Council finds that this Ordinance is not subject to the California Environmental Quality Act (“CEQA”) pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Division 6, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly.

SECTION 4. Effective Date. This Ordinance shall become effective at 12:01 a.m. on the thirtyfirst (31st) day after the date of adoption.

SECTION 5. Certification. The City Clerk shall certify to the passage of this Ordinance and cause a synopsis of the same to be published according to law.

Passed and Adopted this ______ day of _______________ 2026. ____________________________
Robert Magee, Mayor

Ord. No. 2026-___

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ATTEST:
___________________________
Candice Alvarez, MMC
City Clerk
I, Candice Alvarez, City Clerk of the City of Lake Elsinore, do herby certify that the foregoing Ordinance No. 2026-________ was introduced at the Regular meeting of __________, 2026, and adopted by the City Council of the City of Lake Elsinore at its Regular meeting of __________, 2026, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

I further certify that said Synopsis was published as required by law in a newspaper of general circulation in the City of Lake Elsinore, California on the _____ day of ____________, 2026, and on the _____ day of _____________, 2026.
___________________________
Candice Alvarez, MMC
City Clerk

Lake Elsinore City CouncilApril 28, 2026

Lake Elsinore City Council
April 28, 2026