Agenda packet, closed session — Lake Elsinore City Council, August 25, 2026 (part 2 of 3)

16. Insurance Requirements .
a. Insurance. Contractor, at Contractor's own cost and expense, shall procure and maintain, for the duration of the contract, unless modified by the City's Risk Manager, the following insurance policies.
i. Workers' Compensation Coverage. Contractor shall maintain Workers' Compensation Insurance andEmployer's Liability Insurance for his/her employees inaccordance with the laws of the State of California. In addition, Contractor shall require each subcontractor to similarly maintain Workers' Compensation Insurance and Employer's Liability Insurance in accordance with the laws of the State of California for all of the subcontractor's employees. Any notice of cancellation or non-renewal of all Workers' Compensation policies must be received by the City at least thirty (30) days prior to such change. The insurer shall agree to waive all rights of subrogation against City, its officers, agents, employees and volunteers for losses arising from work performed by Contractor for City. In the event that Contractor is exempt from Worker's Compensation Insurance and Employer's Liability Insurance for his/her employees in accordance with the laws of the State of California, Contractor shall submit to the City a Certificate of Exemption from Workers Compensation Insurance in a form approved by the City Attorney.
ii. General Liability Coverage. Contractor shall maintain commercial general liability insurance in an amount not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit. Required commercial general liability coverage shall be at least as broad as Insurance Services Office Commercial General Liability occurrence form CG 0001 (ed. 11/88) or Insurance Services Office form number GL 0002 (ed. 1/73) covering comprehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.
iii. Automobile Liability Coverage. Contractor shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Contractor arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence. Automobile liability coverage must be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 ("any auto"). No endorsement may be attached limiting the coverage. b. Endorsements. Each general liability and automobile liability insurance policy shall be with insurers possessing a Best's rating of no less than A:VII and shall be endorsed with the following specific language :
i. Notwithstanding any inconsistent statement in any required insurance policies or any subsequent endorsements attached thereto, the protection offered by all policies, except for Workers’ Compensation, shall bear an endorsement whereby it is provided that, the City and its officers, employees, servants, volunteers and agents and independent contractors, including without limitation, the City Manager and City Attorney, are named as additional insureds. Additional insureds shall be entitled to the full benefit of all insurance policies in the same manner and to the same extent as any other insureds and there shall be no limitation to the benefits conferred upon them other than policy limits to coverages.
ii. This policy shall be considered primary insurance as respects the City,

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its elected or appointed officers, officials, employees, agents and volunteers. Any insurance maintained by the City, including any self-insured retention the City may have, shall be considered excess insurance only and shall not contribute with it. iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company.
iv. The insurer waives all rights of subrogation against the City, its elected or appointed officers, officials, employees or agents.
v. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its elected or appointed officers, officials, employees, agents or volunteers.
vi. The insurance provided by this Policy shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty (30) days written notice has been received by the City.
c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City's option, Contractor shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Contractor shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein. Certificates of such insurance shall be filed with the City on or before commencement of performance of this Agreement. Current certification of insurance shall be kept on file with the City at all times during the term of this Agreement.

17. Notices. Any notice required to be given under this Agreement shall be in writing and either served personally or sent prepaid, first class mail. Any such notice shall be addressed to the other party at the address set forth below. Notice shall be deemed communicated within 48 hours from the time of mailing if mailed as provided in this section.

If to City: City of Lake Elsinore
Attn: City Manager
130 South Main Street
Lake Elsinore, CA 92530
With a copy to: City of Lake Elsinore
Attn: City Clerk
130 South Main Street
Lake Elsinore, CA 92530
If to Contractor: Nathan Ashbrook
Attn: Click or tap here to enter text.
32855 Los Encinos Rd
Temecula, CA 92592

Page 8 ends

18. Assignment and Subcontracting. The parties recognize that a substantial inducement to City for entering into this Agreement is the reputation, experience and competence of Contractor.

Contractor shall be fully responsible to City for all acts or omissions of any subcontractors.

Assignments of any or all rights, duties or obligations of the Contractor under this Agreement will be permitted only with the express consent of the City. Contractor shall not subcontract any portion of the work to be performed under this Agreement without the written authorization of the City. If City consents to such subcontract, Contractor shall be fully responsible to City for all acts or omissions of those subcontractors. Nothing in this Agreement shall create any contractual relationship between City and any subcontractor nor shall it create any obligation on the part of the City to pay or to see to the payment of any monies due to any such subcontractor other than as otherwise is required by law.

19. Waiver. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver of a subsequent breach of the same or any other provision under this Agreement.

20. Litigation Expenses and Attorneys' Fees. If either party to this Agreement commences any legal action against the other party arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable litigation expenses, including court costs, expert witness fees, discovery expenses, and attorneys' fees.

21. Mediation. The parties agree to make a good faith attempt to resolve any disputes arising out of this Agreement through mediation prior to commencing litigation. The parties shall mutually agree upon the mediator and share the costs of mediation equally. If the parties are unable to agree upon a mediator, the dispute shall be submitted to JAMS or its successor in interest. JAMS shall provide the parties with the names of five qualified mediators. Each party shall have the option to strike two of the five mediators selected by JAMS and thereafter the mediator remaining shall hear the dispute. If the dispute remains unresolved after mediation, either party may commence litigation.

22. Prohibited Interests. Contractor maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Contractor, to solicit or secure this Agreement. Further, Contractor warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Contractor, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, City shall have the right to rescind this Agreement without liability. For the term of this Agreement, no member, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

23. Equal Opportunity Employment. Contractor represents that it is an equal opportunity employer and it shall not discriminate against any subcontractor, employee or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination.

24. Prevailing Wages. Contractor is aware of the requirements of California Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Section 16000, et seq., ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on "public works" and "maintenance" projects. Contractor agrees to fully comply with all applicable federal and state labor laws (including, without limitation, if applicable, the Prevailing Wage Laws). It is agreed by the parties that, in connection with the work or services provided pursuant to this Agreement, Contractor shall bear all risks of payment or nonpayment of prevailing wages under California law, and Contractor hereby agrees to defend,

Page 9 ends

indemnify, and hold the City, and its officials, officers, employees, agents, and volunteers, free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. The foregoing indemnity shall survive termination of this Agreement.

25. Severability. If any term or portion of this Agreement is held to be invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions of this Agreement shall continue in full force andeffect.

26. Controlling Law Venue. This Agreement and all matters relating to it shall be governed by the laws of the State of California and any action brought relating to this Agreement shall be held exclusively in a state court in the County of Riverside.

27. Authority to Enter Agreement. Contractor has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and to bind each respective party. The City Manager is authorized to enter into an amendment or otherwise take action on behalf of the City to make the following modifications to the Agreement: (a) a name change; (b) grant extensions of time; (c) non-monetary changes in the scope of services; and/or (d) suspend or terminate the Agreement.

28. Counterparts. This Agreement may be executed in several counterparts, each of which shall constitute one and the same instrument and shall become binding upon the parties when at least one copy hereof shall have been signed by both parties hereto. In approving this Agreement, it shall not be necessary to produce or account for more than one such counterpart.

29. Entire Agreement; Incorporation; Conflict. This Agreement contains the entire understanding between the parties relating to the obligations described herein. All prior or contemporaneous understandings, agreements, representations and statements, oral or written, are superseded in total by this Agreement and shall be of no further force or effect. Contractor’s Proposal is incorporated only for the description of the scope of services and/or the schedule of performance and no other terms and conditions from such proposal shall apply to this Agreement unless specifically agreed to in writing. In the event of conflict, this Agreement shall take precedence over those contained in the Contractor’s Proposal.

30. Amendments. This Agreement may be modified or amended only by a written document executed by both Contractor and City and approved as to form by the City Attorney.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation

“CONTRACTOR”
Nathan Ashbrook, a sole proprietor

Page 10 ends

City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
By: Nathan Ashbrook
Its: Owner
Attachments: Exhibit A – Contractor’s Proposal

EXHIBIT A

CONTRACTOR'S PROPOSAL
[ATTACHED]
Nathan Ashbrook
32855 Los Encinos Rd
Temecula, CA 92592
909-721-2693
[email protected]

Rate Sheet
Service Description Hourly Rate Trip Charge Material Charge Repairs on Vintage Trailers $200 / man $50.00 $0
Maintenance of Vintage Trailers $200 / man $50.00 $0
Servicing of Vintage Trailers $200 / man $50.00 $0
Related Work on Vintage Trailers $200 / man $50.00 $0
*I do not charge more for materials. If they are needed, I purchase them on your behalf.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Adam Gufarotti, Assistant Director of Lake & Community Operations Date: August 25, 2026
Subject: Amendment No. 3 with Blais & Associates, LLC for Grant Writing Services Recommendation
Approve and authorize the City Manager to execute Amendment No. 3 to the Agreement for Professional Services with Blais & Associates, LLC to provide grant writing and administration services in an amount not to exceed $80,000 per fiscal year in such final form as approved by the City Attorney.

Background
Since 2019, B&A has provided the City with grant writing services, including on-call grant consultation and technical support, grant writing, and grant administration services. The original agreement was executed on August 5, 2020, with compensation not to exceed $24,000 annually through June 30, 2021, and allowed the City to extend the term on a 12-month basis for up to two additional renewal terms.

On December 14, 2021, the City Council approved Amendment No. 1, which expanded the services to include the consultant’s November 30, 2021 proposal, increased compensation to an amount not to exceed $40,000 per year, and extended the agreement through June 30, 2024, with two optional 12-month renewal terms at the City Manager’s discretion.

Amendment No. 3 with Blais & Associates for Grant Writing Services

Page 2 of 2 ends

On May 28, 2024, the City Council approved Amendment No. 2, which increased annual compensation to an amount not to exceed $70,000 per fiscal year and extended the agreement through June 30, 2025.

Discussion
Staff proactively monitors and seeks grant funding to support City service needs, capital improvements, and other priority community projects. Based on prior Council actions, B&A’s role has included grant opportunity monitoring, monthly grant activity reporting, on-call grant research, grant application development, and optional grant reporting and management support.

Amendment No. 3 is intended to continue the City’s access to specialized grant writing and administration services through June 30, 2028 with two optional 12-month renewal terms at the City Manager’s discretion and $80,000, while leaving all other terms and conditions of the amended agreement in full force and effect unless specifically revised in the amendment. Staff has previously reported satisfaction with B&A’s performance and has recommended continued use of the consultant to support the City’s efforts to secure outside funding for critical projects and programs. B&A has successfully written 13 grants and has been awarded over $18 million.

Fiscal Impact
Approval of Amendment No. 3 will authorize expenditures in an amount not to exceed $80,000 per fiscal year, to be paid from the Annual Operating Budget and, where allowable, recouped through grant-funded administrative or program costs.

Attachments
Attachment 1 – Amendment No. 3
Exhibit A - Proposal
Attachment 2 – Amendment No. 2
Attachment 3 – Amendment No. 1
Attachment 4 – Original Agreement
AMENDMENT NO. 3

TO AGREEMENT FOR PROFESSIONAL SERVICES
Blais & Associates, LLC
Grant Writing and Administration Services
This Amendment No. 3 to Agreement for Professional Services is made and entered into as of 8/11/2026, by and between the City of Lake Elsinore, a municipal corporation (“City), and Blais & Associates, a Limited Liability Company (“Consultant”).

RECITALS
A. The City and Consultant have entered into that certain Agreement for Professional Services dated as of 8/5/2020, (the “Original Agreement”). Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement.

B. The Original Agreement provided for compensation to Consultant in an amount of twenty-four thousand dollars ($24,000).

C. The Original Agreement had a term of seven (7) months, commencing on 8/5/2020 and ending on 6/30/2021, and has an option to extend the term on a 12-month basis not to exceed two (2) additional terms.

D. Amendment No. 1 to the Original Agreement was executed on 12/14/2021 extending the term to 6/30/24 and increasing compensation to forty thousand dollar ($40,000.00).

E. Amendment No. 2 to the Original Agreement was executed on 05/28/2024 extending the term to 6/30/25 and increasing compensation to seventy thousand dollar ($70,000.00).

F. The parties now desire to extend the term and increase the payment for such services as set forth in this Amendment No 3.

NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein, City and Consultant agree as follows:

1. Section 2c, Term, of the Amended Agreement is hereby amended to read in its entirety as follows:

The term of this Agreement shall commence upon execution of this Agreement and shall continue in full force and effect until 6/30/2028, unless sooner terminated pursuant to the provisions of the Agreement (“Term”).

The City may, at its sole discretion, extend the term of this Agreement on a 12-month basis not to exceed two additional twelve (12) month renewal terms by giving written notice thereof to Consultant not less than thirty (30) days before the end of the contract term, such notice to be exercised by the City Manager.

2. Section 3, Compensation, of the Amended Agreement is hereby amended to read in its entirety as follows:

Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultant’s Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Consultant’s annual compensation exceed eighty thousand dollars ($80,000.00) without additional written authorization from the City. Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

3. Except for the changes specifically set forth herein, all other terms and conditions of the Amended Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have caused this Amendment No. 3 to be executed on the respective dates set forth below.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
“CONSULTANT”
Blais & Associates, LLC
City Manager
Date:

Click or tap here to enter text.

Date: __
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
Attachments: Exhibit A-1 – Consultant’s Proposal
EXHIBIT A-1
CONSULTANT’S PROPOSAL
[ATTACHED]
GRANT RESEARCH, WRITING & MANAGEMENT | 1

COST PROPOSAL
B&A understands that different organizations have varying budget structures and procurement preferences.

As a boutique service provider, we take a client-centered approach and strive to offer fee arrangements that are practical, transparent, and aligned with individual needs. While the table below outlines B&A’s standard service offerings and associated fees, we are open to alternative structures—including hourly, project-based, or all-inclusive arrangements—to align with the client’s preferences, scope, and budget. We welcome further discussion to develop a fee approach that best supports the client’s objectives.

Task Description Frequency Monthly
Cost
Annual
Cost

MONTHLY COSTS
Grant
Research &
Consultation,
Monitoring,
and Fact
Sheets
Develop Grant Strategic Plan; Align with
known grant opportunities; Develop
summary table and schedule.

Monitor/send targeted grant opportunities,
summaries, and fact sheets; Develop Monthly
Grant Activity Reports (GARs); Scheduled
calls to review opportunities and grants inprogress; Go/no-go consultation; Coordination calls; Develop Year-End Grant
Roll-Up Reports.

Monthly Fixed Fee $3,250 $39,000
Fixed Monthly/Annual Budget $3,250 $39,000
GRANT DEVELOPMENT – Quoted Upon Request
Grant
Proposal
Development
& Submittal*
Full scope collaborative grant writing
development to include submission (cost will
vary by application complexity and client
involvement).

This estimates one
mid-complexity
grant per year at
$8,400.
$8,400
Full scope collaborative grant writing
development to include submission (cost will
vary by application complexity and client
involvement).

This estimates one
high-complexity
grant per year
$16,800.
$16,800

*Estimated Annual Budget $64,200
*Grant development fees dependent upon usage

B&A quotes each grant development effort based on the level of effort required to complete a full, compliant, and competitive application, which can vary depending on the complexity, scope, and requirements of the specific grant program. This tailored approach allows us to accurately assess the GRANT RESEARCH, WRITING & MANAGEMENT | 2
resources and writing needed for each opportunity. Grant management services are also quoted based on the level of effort dictated by the grant agreement.

Grant management services are similarly quoted based on the level of effort dictated by the grant agreement. Additional details on B&A’s grant management services can be found in the following Optional Add-On Service section.

OPTIONAL ADD-ON SERVICE: GRANT MANAGEMENT
Task Description Frequency Monthly
Cost
Annual
Cost
Grant
Management
Services
Pre- and post-award grant management
services including file maintenance and
organization; report development and
submission; general grant and project
management; compliance/regulation
requirements review, oversight and
advisement; collaboration/liaison services
with client team and grantor agency; budget
and scope amendments; and other
troubleshooting and advisement, as needed
(cost will vary by grant/financial assistance
agreement, complexity and client
involvement).

Quoted upon
request with grant
agreement.

One full-service
grant management
project estimated
$1,000 to
$2,500/month,
based on level of
effort, complexity,
frequency of
reporting.

Estimated
Range:
$1,000 to
$2,500
Estimated
Range:
$12,000 to
$30,000

GRANT MANAGEMENT SERVICES – COST SAVINGS AND COMPLIANCE SUPPORT B&A’s grant management services provide clients with substantial cost savings and operational efficiency, while offering the expertise of our entire team. By partnering with us, clients avoid the expense of hiring fulltime staff dedicated solely to grant administration.

Beyond financial savings, our Grant Management team ensures that all awarded projects remain compliant with federal, state, and local requirements. We help clients stay on budget, meet reporting deadlines, and remain on track throughout the life of each grant. Should the City of Lake Elsinore ever undergo an audit, our team stands ready to support and provide the necessary documentation and guidance.

Another key benefit is continuity. Staff turnover can often disrupt grant administration. In these scenarios, B&A serves as a consistent thread across projects, providing historical knowledge and helping new City of Lake Elsinore staff quickly onboard and get up to speed with active and pending grants. This continuity GRANT RESEARCH, WRITING & MANAGEMENT | 3
minimizes risk, saves staff time, and ensures that the City of Lake Elsinore’s projects remain well managed regardless of internal transitions.

In short, B&A’s grant management services offer a cost-effective, compliant, and reliable solution for clients looking to maximize the value of their awarded funds.

STANDARD FEE SCHEDULE
Description Fee
Professional Services Fixed Fee
External Consultants (e.g., BCA analysis) Cost – no markup Mileage Prevailing standard IRS rate
Travel (tolls, taxi, airfare, hotel) Cost – no markup
Printing, Copying, Binding, etc. Cost – no markup
Shipping, Express Mail, or Courier Cost – no markup
B&A performs work on a fixed fee not-to-exceed basis. Each project is independently analyzed to determine the projected scope of work. B&A provides a fixed fee not-to-exceed quote for client review and approval prior to beginning work. Any additional one-off requests or activities that fall outside of the scope of work are performed and billed at a time and materials basis. This streamlined approach enables B&A to serve as a good steward of the client’s capital resources and be the most efficient and effective grant services provider possible. B&A may adjust rates annually to align with the cost of doing business. All external consultant fees and direct out-of-pocket expenses are billed at cost (without markup).

Our proposed rates remain valid for a period of 90 calendar days from the date of submission of this fee schedule. Invoices are provided monthly and are payable within 30 days of receipt.

B&A actively integrates the following “cost saving” practices into its operational procedures:
• All out-of-pocket expenses are billed at cost, with no markup to our clients. • B&A utilizes company discounted commercially available printing services (e.g., Staples), as needed, for bulk printing, copying, and binding support, to minimize direct costs. • B&A utilizes company discounted commercially available shipping and delivery services (e.g., FedEx, UPS, or USPS), as needed, for delivery of hard copy materials, significantly reducing expenses. • Receipts for direct expenses can be provided upon request.

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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: Shannon Buckley, Assistant City Manager
Date: August 25, 2026
Subject: Contractor Services Agreement with Jade Window Coverings, LLC for the Design, Purchase, and Installation of the Interior Office Window Coverings in the New City Hall Project (CIP Project No. Z20006)
Recommendation
Approve and authorize the City Manager to execute a Contractor Services Agreement with Jade Window Coverings, LLC for the design, purchase, and installation of the interior office window coverings in the New City Hall Project in an amount not to exceed $63,411.00 in such final form as approved by the City Attorney, authorize the City Manager to execute change orders not to exceed a 10% contingency of $6,341.00 for uncertainties and adjustments, and authorize the City Clerk to record the Notice of Completion once the work is complete.

Background
Construction of the new City Hall is shifting to the final phases. One of the next critical steps is the planned design, procurement, and installation of interior office windows in the new City Hall.

The design of the interior office window features represent a significant effort to carefully coordinate with several construction components.

Several factors must be addressed. These include confirming field dimensions for each window opening; coordinating with the architectural drawings, glazing systems, interior finishes, electrical requirements, and any specialty mounting conditions; selecting products that provide the appropriate balance of light control, privacy, durability, maintainability, and appearance; and verifying that materials meet applicable building, fire, and accessibility.

Jade Window Covering Agreement

Page 2 of 3 ends

The procurement process should also account for manufacturer lead times, approved submittals, color and fabric selections, warranty requirements, delivery scheduling, and coordination with other trades so that installation occurs at the proper stage of construction. During installation, the contractor should protect adjacent finishes, confirm secure anchorage, ensure smooth operation, and complete any required adjustment or programming.

Discussion
The selected contractor must provide all materials, equipment, supervision, coordination, delivery, installation, and incidentals necessary for the design coordination, procurement, and complete installation of window coverings for the project. Work shall be performed in accordance with the approved field measurements, specifications, manufacturer requirements, applicable codes, and the requirements of the City.

Design and Field Coordination
• Verify existing field conditions and confirm final dimensions for each window opening prior to fabrication or ordering.
• Coordinate window covering locations, mounting conditions, glazing systems, interior finishes, ceiling conditions, electrical requirements, and adjacent building components. • Identify any conflicts, unusual conditions, or required modifications and notify the Owner or designated representative before proceeding.
• Confirm product selections, colors, fabrics, opacity, privacy requirements, and light-control performance prior to procurement.

Product Requirements
• Provide window covering products suitable for the intended use, including considerations for durability, maintainability, appearance, privacy, glare reduction, and light control. • Products shall be new, complete, and free from defects, damage, or irregularities. • Materials shall comply with applicable building, fire, accessibility, and procurement requirements.
• Provide manufacturer-recommended hardware, brackets, fasteners, controls, accessories, and related components required for a complete and operational installation.

Procurement
• Coordinate procurement with approved submittals, manufacturer lead times, delivery schedules, and the overall project schedule.
• Do not fabricate or purchase final materials until required approvals have been obtained, unless otherwise authorized in writing.
• Protect materials during shipping, storage, and handling to prevent damage, soiling, warping, or deterioration.

Installation Requirements
Jade Window Covering Agreement

Page 3 of 3 ends

• Install window coverings in accordance with approved, manufacturer instructions, project requirements, and applicable safety standards.
• Provide secure anchorage and proper alignment for all components. • Coordinate installation with other trades to avoid conflicts and ensure work occurs at the appropriate stage of construction.
• Protect adjacent finishes, surfaces, furniture, glazing, and building components from damage during installation.

Given that window covering material purchase represents nearly 85% of the total cost and require specialized installation due to the office windows’ size and depth, expedited approval is essential to avoid delays, control project costs, and ensure timely completion.

Jade Window Coverings is conveniently located on Main Street in Lake Elsinore and has acquired an excellent understanding of this scope of work and is most familiar with the New City Hall. For this reason, Staff believes that having a vendor located in the City and with a proven track record makes the most sense for this component of the new City Hall construction.

Wavier of Competitive Bidding Procedures
Pursuant to Section 3.08.070(G) of the Municipal Code, the City Council has the discretion to waive the competitive bidding requirement that would otherwise be utilized for this purchase.

Because the interior office window covering requires specialized installation, product availability and immediate and time sensitive completion. Jade Window Coverings can meet these requirements. This approach ensures that a single contractor is responsible for the design, procurement, and installation phases of the project.

Fiscal Impact
Funding costs are included in the Fiscal Year 26/27 – 30/31 Capital Improvement Plan (CIP) budget, CIP Project No. Z20006.

Attachments
Attachment 1 – Agreement
Exhibit A – Proposal

Page 1 ends

AGREEMENT FOR CONTRACTOR SERVICES
Jade Windows Coverings LLC
CIP Project No. Z20006/Office Window Coverings
This Agreement for Contractor Services (the “Agreement”) is made and entered into as of August 25, 2026, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Jade Window Coverings LLC ("Contractor").

RECITALS
A. The City has determined that it requires the following services:

Design, Purchase and Installation of Office Window Coverings.

B. Contractor has submitted to City a proposal, dated August 6, 2026, attached hereto as Exhibit A (“Contractor’s Proposal”) and incorporated herein, to provide services and related work to the City pursuant to the terms of this Agreement.

C. Contractor possesses the skill, experience, ability, background, certification and knowledge to perform the services and related work described in this Agreement on the terms and conditions described herein.

D. City desires to retain Contractor to perform the services and related work as provided herein and Contractor desires to provide such services and related work as set forth in this Agreement.

AGREEMENT

1. Scope of Services. Contractor shall perform the services and related work described in Contractor’s Proposal (Exhibit A). Contractor shall provide such services and related work at the time, place, and in the manner specified in Contractor’s Proposal (Exhibit A), subject to the direction of the City through its staff that it may provide from time to time.

2. Time of Performance.
a. Time of Essence. Time is of the essence in the performance of this Agreement. The time for completion of the services and related work to be performed by Contractor is an essential condition of this Agreement. Contractor shall prosecute regularly and diligently the services and related work contemplated pursuant to this Agreement consistent with Contractor’s Proposal (Exhibit A) and shall provide, furnish and pay all labor, materials, necessary tools, expendable equipment, and all taxes, utility and transportation services required to perform such the services and related work.
b. Performance Schedule. Contractor shall commence the services and related work pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services and related work within the time period(s) established in the Contractor’s Proposal (Exhibit A). When requested by Contractor, extensions to the time period(s) specified may be approved in writing by the City Manager.

Page 2 ends

c. Term.

The term of this Agreement shall commence upon execution of this Agreement and shall continue until the services and related work are completed in accordance with the Contractor’s Proposal (Exhibit A).

3. Compensation. Compensation to be paid to Contractor shall be in accordance with the fees set forth in Contractor’s Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Contractor’s compensation exceed $63,411 without additional written authorization from the City. Notwithstanding any provision of Contractor’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

4. Method of Payment. Contractor shall promptly submit billings to the City describing the services and related work performed during the preceding month to the extent that such services and related work were performed. Contractor’s bills shall be segregated by project task, if applicable, such that the City receives a separate accounting for work done on each individual task for which Contractor provides services. Contractor’s bills shall include a brief description of the services performed, the date the services were performed, the number of hours spent and by whom, and a description of any reimbursable expenditures. City shall pay Contractor no later than forty-five (45) days after receipt of the monthly invoice by City staff.

5. Reserved.

6. Suspension or Termination.
a. The City may at any time, for any reason, with or without cause, suspend or terminate this Agreement, or any portion hereof, by serving upon the Contractor at least ten (10) days prior written notice. Upon receipt of such notice, the Contractor shall immediately cease all work under this Agreement, unless the notice provides otherwise. If the City suspends or terminates a portion of this Agreement such suspension or termination shall not make void or invalidate the remainder of this Agreement.
b. In the event this Agreement is terminated pursuant to this Section, the City shall pay to Contractor the actual value of the work performed up to the time of termination, provided that the work performed is of value to the City. Upon termination of the Agreement pursuant to this Section, the Contractor will submit an invoice to the City, pursuant to Section entitled “Method of Payment” herein.

7. Ownership of Documents. All plans, studies, documents and other writings prepared by and for Contractor, its officers, employees and agents and subcontractors in the course of implementing this Agreement, except working notepad internal documents, shall become the property of the City upon payment to Contractor for such work, and the City shall have the sole right to use such materials in its discretion without further compensation to Contractor or to any other party. Contractor shall, at Contractor’s expense, provide such reports, plans, studies, documents and other writings to City upon written request. City acknowledges that any use of such materials in a manner beyond the intended purpose as set forth herein shall be at the sole risk of the City. City further agrees to defend, indemnify and hold harmless Contractor, its officers, officials, agents, employees and volunteers from any claims, demands,

Page 3 ends

actions, losses, damages, injuries, and liability, direct or indirect (including any and all costs and expenses in connection therein), arising out of the City’s use of such materials in a manner beyond the intended purpose as set forth herein.
a. Licensing of Intellectual Property. This Agreement creates a nonexclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in plans, specifications, studies, drawings, estimates, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Contractor under this Agreement ("Documents & Data"). Contractor shall require that all subcontractors agree in writing that City is granted a nonexclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Contractor represents and warrants that Contractor has the legal right to license any and all Documents & Data. Contractor makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Contractor or provided to Contractor by the City. City shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at City’s sole risk. b. Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents & Data either created by or provided to Contractor in connection with the performance of this Agreement shall be held confidential by Contractor. Such materials shall not, without the prior written consent of City, be used by Contractor for any purposes other than the performance of the services under this Agreement. Nor shall such materials be disclosed to any person or entity not connected with the performance of the services under this Agreement. Nothing furnished to Contractor which is otherwise known to Contractor or is generally known, or has become known, to the related industry shall be deemed confidential. Contractor shall not use City’s name or insignia, photographs relating to project for which Contractor’s services are rendered, or any publicity pertaining to the Contractor’s services under this Agreement in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of City.

8. Contractor’s Books and Records.
a. Contractor shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services, or expenditures and disbursements charged to City for a minimum period of three (3) years, or for any longer period required by law, from the date of final payment to Contractor to this Agreement.
b. Contractor shall maintain all documents and records which demonstrate performance under this Agreement for a minimum period of three (3) years, or for any longer period required by law, from the date of termination or completion of this Agreement. c. Any records or documents required to be maintained pursuant to this Agreement shall be made available for inspection or audit, at any time during regular business hours, upon written request by the City Manager, City Attorney, City Auditor or a designated representative of these officers. Copies of such documents shall be provided to the City for inspection at City Hall when it is practical to do so. Otherwise, unless an alternative is mutually

Page 4 ends

agreed upon, the records shall be available at Contractor’s address indicated for receipt of notices in this Agreement.
d. Where City has reason to believe that such records or documents may be lost or discarded due to dissolution, disbandment or termination of Contractor’s business, City may, by written request by any of the above-named officers, require that custody of the records be given to the City and that the records and documents be maintained in City Hall. Access to such records and documents shall be granted to any party authorized by Contractor, Contractor’s representatives, or Contractor’s successor-in-interest.

9. Independent Contractor. It is understood that Contractor, in the performance of the work and services agreed to be performed, shall act as and be an independent contractor and shall not act as an agent or employee of the City.

10. PERS Eligibility Indemnification. In the event that Contractor or any employee, agent, or subcontractor of Contractor providing services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Contractor shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Contractor or its employees, agents, or subcontractors, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City.

Notwithstanding any other federal, state and local laws, codes, ordinances and regulations to the contrary, Contractor and any of its employees, agents, and subcontractors providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in PERS as an employee of City and entitlement to any contribution to be paid by City for employer contribution and/or employee contributions for PERS benefits.

11. Interests of Contractor. Contractor (including principals, associates and management employees) covenants and represents that it does not now have any investment or interest in real property and shall not acquire any interest, direct or indirect, in the area covered by this Agreement or any other source of income, interest in real property or investment which would be affected in any manner or degree by the performance of Contractor’s services hereunder. Contractor further covenants and represents that in the performance of its duties hereunder no person having any such interest shall perform any services under this Agreement.

Contractor is not a designated employee within the meaning of the Political Reform Act because Contractor:
a. will conduct research and arrive at conclusions with respect to his/her rendition of information, advice, recommendation or counsel independent of the control and direction of the City or of any City official, other than normal agreement monitoring; and b. possesses no authority with respect to any City decision beyond rendition of information, advice, recommendation or counsel. (FPPC Reg. 18700(a)(2).)

12. Ability of Contractor. City has relied upon the training and ability of Contractor to perform the services hereunder as a material inducement to enter into this Agreement. Contractor

Page 5 ends

shall therefore provide properly skilled personnel to perform all services under this Agreement.

All work performed by Contractor under this Agreement shall be in accordance with applicable legal requirements and shall meet the standard of quality ordinarily to be expected of competent contractors in Contractor’s field of expertise.

13. Compliance with Laws. Contractor shall use the standard of care in its profession to comply with all applicable federal, state and local laws, codes, ordinances and regulations.

14. Licenses. Contractor represents and warrants to City that it has the licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of Contractor to practice its profession. Contractor represents and warrants to City that Contractor shall, at its sole cost and expense, keep in effect or obtain at all times during the term of this Agreement, any licenses, permits, insurance and approvals which are legally required of Contractor to practice its profession. Contractor shall maintain a City of Lake Elsinore business license.

15. Indemnity. Contractor shall indemnify, defend, and hold harmless the City and its officials, officers, employees, agents, and volunteers from and against any and all losses, liability, claims, suits, actions, damages, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of Contractor or its employees, subcontractors, or agents, by acts for which they could be held strictly liable, or by the quality or character of their work. The foregoing obligation of Contractor shall not apply when (1) the injury, loss of life, damage to property, or violation of law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Contractor or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to property, or violation of law. It is understood that the duty of Contractor to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code. Acceptance by City of insurance certificates and endorsements required under this Agreement does not relieve Contractor from liability under this indemnification and hold harmless clause. This indemnification and hold harmless clause shall apply to any damages or claims for damages whether or not such insurance policies shall have been determined to apply. By execution of this Agreement, Contractor acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

16. Insurance Requirements.
a. Insurance. Contractor, at Contractor’s own cost and expense, shall procure and maintain, for the duration of the contract, unless modified by the City’s Risk Manager, the following insurance policies.
i. Workers’ Compensation Coverage. Contractor shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California. In addition, Contractor shall require each subcontractor to similarly maintain Workers’ Compensation Insurance and Employer’s Liability Insurance in accordance with the laws of the State of California for all of the subcontractor’s employees. Any notice of cancellation or non-renewal of all Workers’ Compensation policies must be received by the City at least thirty (30) days prior to such change. The insurer shall agree to waive all rights of subrogation against City, its officers, agents, employees and volunteers for losses arising from work performed by

Page 6 ends

Contractor for City. In the event that Contractor is exempt from Worker’s Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California, Contractor shall submit to the City a Certificate of Exemption from Workers Compensation Insurance in a form approved by the City Attorney.
ii. General Liability Coverage. Contractor shall maintain commercial general liability insurance in an amount not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit. Required commercial general liability coverage shall be at least as broad as Insurance Services Office Commercial General Liability occurrence form CG 0001 (ed. 11/88) or Insurance Services Office form number GL 0002 (ed. 1/73) covering comprehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.
iii. Automobile Liability Coverage. Contractor shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Contractor arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence.

Automobile liability coverage must be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 (“any auto”). No endorsement may be attached limiting the coverage.
b. Endorsements. Each general liability and automobile liability insurance policy shall be with insurers possessing a Best’s rating of no less than A:VII and shall be endorsed with the following specific language:
i. The City, its elected or appointed officers, officials, employees, agents and volunteers are to be covered as additional insured with respect to liability arising out of work performed by or on behalf of the Contractor, including materials, parts or equipment furnished in connection with such work or operations. ii. This policy shall be considered primary insurance as respects the City, its elected or appointed officers, officials, employees, agents and volunteers.

Page 7 ends

v. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its elected or appointed officers, officials, employees, agents or volunteers.
vi. The insurance provided by this Policy shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty (30) days written notice has been received by the City.
c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City’s option, Contractor shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Contractor shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

Certificates of such insurance shall be filed with the City on or before commencement of performance of this Agreement. Current certification of insurance shall be kept on file with the City at all times during the term of this Agreement.

If to City: City of Lake Elsinore
Attn: City Manager
130 South Main Street
Lake Elsinore, CA 92530
With a copy to: City of Lake Elsinore
Attn: City Clerk
130 South Main Street
Lake Elsinore, CA 92530
If to Contractor: Jade Window Coverings LLC
Attn: Alex Arellano
113 S. Main Street, Suite D
Lake Elsinore, CA 92530

18. Entire Agreement. This Agreement constitutes the complete and exclusive statement of Agreement between the City and Contractor. All prior written and oral communications, including correspondence, drafts, memoranda, and representations, are superseded in total by this Agreement.

19. Amendments. This Agreement may be modified or amended only by a written document executed by both Contractor and City and approved as to form by the City Attorney.

20. Assignment and Subcontracting. The parties recognize that a substantial inducement to City for entering into this Agreement is the reputation, experience and competence of Contractor and the subcontractors listed in Exhibit B. Contractor shall be fully responsible to City for all acts or omissions of any subcontractors. Assignments of any or all rights, duties or

Page 8 ends

obligations of the Contractor under this Agreement will be permitted only with the express consent of the City. Contractor shall not subcontract any portion of the work to be performed under this Agreement except as provided in Exhibit B without the written authorization of the City. If City consents to such subcontract, Contractor shall be fully responsible to City for all acts or omissions of those subcontractors. Nothing in this Agreement shall create any contractual relationship between City and any subcontractor nor shall it create any obligation on the part of the City to pay or to see to the payment of any monies due to any such subcontractor other than as otherwise is required by law.

21. Waiver. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver of a subsequent breach of the same or any other provision under this Agreement.

22. Severability. If any term or portion of this Agreement is held to be invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions of this Agreement shall continue in full force and effect.

23. Controlling Law Venue. This Agreement and all matters relating to it shall be governed by the laws of the State of California and any action brought relating to this Agreement shall be held exclusively in a state court in the County of Riverside.

24. Litigation Expenses and Attorneys’ Fees. If either party to this Agreement commences any legal action against the other party arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable litigation expenses, including court costs, expert witness fees, discovery expenses, and attorneys’ fees.

25. Mediation. The parties agree to make a good faith attempt to resolve any disputes arising out of this Agreement through mediation prior to commencing litigation. The parties shall mutually agree upon the mediator and share the costs of mediation equally. If the parties are unable to agree upon a mediator, the dispute shall be submitted to JAMS or its successor in interest. JAMS shall provide the parties with the names of five qualified mediators. Each party shall have the option to strike two of the five mediators selected by JAMS and thereafter the mediator remaining shall hear the dispute. If the dispute remains unresolved after mediation, either party may commence litigation.

26. Authority to Enter Agreement. Contractor has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and to bind each respective party. The City Manager is authorized to enter into an amendment or otherwise take action on behalf of the City to make the following modifications to the Agreement: (a) a name change; (b) grant extensions of time; (c) nonmonetary changes in the scope of services; and/or (d) suspend or terminate the Agreement.

27. Prohibited Interests. Contractor maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Contractor, to solicit or secure this Agreement. Further, Contractor warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Contractor, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, City shall have the right to rescind this Agreement without liability. For the term of this Agreement, no member, officer or employee of City, during the term of his or her service

Page 9 ends

with City, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

28. Equal Opportunity Employment. Contractor represents that it is an equal opportunity employer and it shall not discriminate against any subcontractor, employee or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination.

29. Prevailing Wages. Contractor is aware of the requirements of California Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Section 16000, et seq., ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on "public works" and "maintenance" projects.

Contractor agrees to fully comply with all applicable federal and state labor laws (including, without limitation, if applicable, the Prevailing Wage Laws). It is agreed by the parties that, in connection with the Work or Services provided pursuant to this Agreement, Contractor shall bear all risks of payment or non-payment of prevailing wages under California law, and Contractor hereby agrees to defend, indemnify, and hold the City, and its officials, officers, employees, agents, and volunteers, free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. The foregoing indemnity shall survive termination of this Agreement.

30. Execution. This Agreement may be executed in several counterparts, each of which shall constitute one and the same instrument and shall become binding upon the parties when at least one copy hereof shall have been signed by both parties hereto. In approving this Agreement, it shall not be necessary to produce or account for more than one such counterpart. [Signatures on next page]

Page 10 ends

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation

City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
“CONTRACTOR”
Jade Window Coverings, LLC

By: Alex Arellano
Its: Managing Member
Attachments: Exhibit A – Contractor’s Proposal
Exhibit B – List of Subcontractors

EXHIBIT A

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACH IF APPLICABLE]
Sales Rep: Alex Arellano
Invoice #: LECity080626
Date:

Customer Info:

Name: Gus Papagolos email: [email protected]
Address: 130 S. Main Street, City: Lake Elsinore State: CA ZIP: 92530 Phone #: 951-764-2417 APROX. DELIVERY DATE: 15-20 Business Days
2 $1,126
1 $1,201
2 $2,402
2 $2,890
1 $860
1 $1,201
2 $2,350
1 $1,201
1 $948
3 $3,798
2 $2,693
1 $1,201
2 $2,837
1 $1,201
1 $579
2 $2,890
2 $1,171
1 $1,201
1 $1,201
1 $1,201
1 $635
1 $948
3 $3,065
1 $1,201
1 $1,201
2 $2,127
1 $547
2 $1,275
1 $637
2 $1,275
2 $1,275
3 $1,912
2 $1,275
2nd Floor - Office 15
2nd Floor - Hallway
2nd Floor - Office 18
3rd Floor - Office 4
3rd Floor - Office 5
2nd Floor - Office 17
2nd Floor - Office 16
3rd Floor - Council
Meeting Room
2nd Floor - Hallway
3rd Floor - Office 9
3rd Floor - Office 8
2nd Floor - Office 13
3rd Floor - Office 6
3rd Floor - Office 7
2nd Floor - Office 14
8/6/2026
Room # of
Windows
Option 1 Option 2
Price Top Treatment
(Frame Type)
Option 3 Option 4
Louver/Slat Size Pattern/Color
Window Covering Type Control(s)
(Cords/Tilt Bar)
2nd Floor - Office 23
2nd Floor - Office 24
2nd Floor - Back Office
2nd Floor - 22
2nd Floor - Office 21
2nd Floor - Lobby
2nd Floor - Office 19
2nd Floor - Office 20
3rd Floor - Hall
3rd Floor - Office 3
3rd Floor - Office 1
3rd Floor - Office 2
3rd Floor - Office 10
2nd Floor - Office 11
2nd Floor - Office 12
2nd Floor - Office 25
2nd Floor - Office 26
2nd Floor - Hallway 3
Alta - Fabric Vertical Blind
(Free Hanging - No Insert /Grover)
Std
(Approx. 3.5 inches)
San Simeon - Sand
Bar VF51-104 Wand Control Only Matching Fabric Valance
951-437-1227
Jade Window Coverings LLC. 113 S. Main st. Suite D, Lake Elsinore CA, 92530 Page 1 of 5 2 $1,780
1 $948
2 $705
1 $781
1 $1,298
2 $1,275
2 $1,275
4 $2,550
2 $1,275
Option 3 Option 4
Price
Louver/Slat Size Pattern/Color Control(s)
(Cords/Tilt Bar)
Top Treatment
(Frame Type)
1st Floor - Office 29
1st Floor - Office 27
1st Floor - Office 28
Room # of
Windows Window Covering Type
Option 1 Option 2
2nd Floor - Office 31
3rd Floor - Office 32
Entry
1st Floor - Hallway
1st Floor - Office 30
Third Floor: Hallway, Office 1, Office 2, Office 3 and Office 4 Third Floor: Office 5, Council Meeting Room, Office 6, Office 7, Office 8 Alta - Fabric Vertical Blind Std
(Approx. 3.5 inches)
San Simeon - Sand
Bar VF51-104 Wand Control Only Matching Fabric Valance
Third Floor: Office 9, Office 10
Lobby
Jade Window Coverings LLC. 113 S. Main st. Suite D, Lake Elsinore CA, 92530 Page 2 of 5 Second Floor: Office 19, Office 20, Office 21, Lobby Cubicles, Back-Office Second Floor: Office 22, Office 23, Office 24, Office 25, Office 26 Second Floor: Office 11, Office 12, Hallway, Office 13, Office 14 Second Floor: Office 15, Office 16, Office 17, Hallway, Office 18 Jade Window Coverings LLC. 113 S. Main st. Suite D, Lake Elsinore CA, 92530 Page 3 of 5 Total Type Date Other
$38,047
$25,364
Customer Signature: Date: LIC#1033434
* Customers own measurements: I understand that the measurements supplied by me will be used to custom make products that are not cancellable or returnable for any reason except for warranty repair. I will verify that the sizes are correct and will notify Jade Window Coverings of any needed changes in person within 24 hrs. of signing this contract:

Customer's Initials: ____________________
* Customer is responsible for moving furniture, wall decor, or any other items within a 4 ft. radius from the windows. Customer acknowledges that Jade Window Coverings will not be responsible for broken/damaged items not removed within at least a 4 ft radius from the windows at the time of installation. Customer's Initials ____________ I understand that JADE WINDOW COVERINGS will be ordering custom made products on my behalf and that changes or cancellations can only be made within 24hrs. of signing this contract. We at Jade Window Coverings are happy to help with choices, but the ultimate decision with respect to product, style, and color is yours. Your deposit signifies your agreement to the specified product, style, and color. We cannot be responsible for buyers remorse. Once the order has been processed for production NO CHANGES OR CANCELLATIONS WILL BE ACCEPTED! - Customer's Initials:___________________ * Customer authorizes □ - Does not authorize □ Jade Window Coverings to take before/after pictures of the job site and use those pictures in social media, website, and/or print media for advertising and promotional purposes. Customer's Initials: ____________________ Deposit Required:

Final Installation
Total # of Windows 69
* Inside Mount: All custom window coverings are manufactured with manufactures' own specs; The manufacturer may deduct up to 5/8" from width on each side for clearance on all blinds and shades or for shutters installed with a "Z" frame when inside mounted, and a 1/4" to 5/8" deduction on height for vertical application products . These deductions are based on the smallest width/height dimension of the window sill. These deductions can create gaps of up to 1" allowing window glass to be exposed from the inside or outside of the window, hindering privacy, exposing hardware such as screws and brackets and allowing light to filter from the sides. Customer acknowledges that these deductions are not in control of Jade Window Coverings and are necessary for the optimal performance of the selected window treatments: Initials:_______________ Notes: Product: 58501 - Freight = $4910
Total: $63,411
Payment/Deposit Info:

Second Floor: Hallway, Office 27, Office 28
First Floor: Hallway, Office 30, Office 31, Office 32
First Floor: Main Entry, Lobby/Garage Area
What's Included:

1. Installation

2. 5 year Manufacturer Warranty

3. 3 year no fee - Service/Maintenance Call - Exclusions apply

4. 1 year no fee - Parts on accidental damage - Exclusions apply Notes:

1. Windows over 190" width will have to be broken into two separate rails - Due to window configuration (window frames) we don't recommend splitting in even halves Jade Window Coverings LLC. 113 S. Main st. Suite D, Lake Elsinore CA, 92530 Page 4 of 5

JADE WINDOW COVERINGS - INSTALLATION TERMS, WARRANTY AND AGREEMENT Congratulations and thank you on your purchase of fine custom window treatments. Please read this addendum thoroughly.

The following explains what to expect from your window treatments and outlines our company policies with respect to our obligations and your obligations. We thank you for your business and confidence.

1. Your order/invoice and Deposit/Payment: for custom window treatments becomes a binding contract. Once your deposit has been received, processing of your order begins. Due to your window treatments being custom made (Ordered and made to fit your windows and/or doors), once your ordered has been processed, your CUSTOM PRODUCTS ARE NOT RETURNABLE AND CANNOT BE CANCELLED.

In the event that an order has not been processed by the manufacturer, a charge will be made for that cancellation, that charge will be 10% of the order with a minimum of $125.00.

2. Deposit: All sales require a minimum 50% deposit at the time the order is placed. The remaining balance must be paid in full at the time of installation or pick up/Delivery. WE DO NOT BILL.

3. All ordered products are made custom to your window sizes. If you change anything about your window opening(s) after your order has been placed, additional fees will apply if modifications for installation become necessary. Keep in mind the need for new window treatments is very possible.

4. We do not patch holes or paint during the removal of current window coverings or move furniture.

5. We are happy to help with choices, but the ultimate decision with respect to product, style, and color is yours. Your deposit signifies your agreement to the specified product, style, and color. We cannot be responsible for buyers remorse.

6. We do not guarantee 100% room darkening with any window treatments.

7. Complete warranty information for your particular window treatment/product(s) is available upon request.

8. Installation warranty: Jade Window Coverings will install the products purchased through Jade Window Coverings in a professional and workmanlike manner and in accordance with industry standards. If anything goes wrong with the operation or installation of the blind or blinds within the first 30 days (calendar), Jade Window Coverings will return and repair the problem at no charge (except in cases of improper use or abuse). After 30 calendar days a minimum $85.00 service trip fee will be charged plus any additional charges required to address any repairs and additional calls, including warranty repairs. Sales receipt required on all service items. Please note that for warranty repairs/replacements, exact color matches are not guaranteed.

9. Installation appointment times are approximate and schedule by area: At least 2hrs flexibility is required. The homeowner or responsible adult must be at the home during these times. Due to extensive travel and traffic times, installers are scheduled by areas. A responsible adult with funds for payment in full must be available at the site when we are scheduled. Ask your sales person when we install in your area. Jade Window Coverings has given the buyer its best estimate and delivery time for order.

Factory production schedules change without notice, therefore delivery time is an estimate and does not obligate us.

Installation price quoted is for normal installation into wood or plaster. It does not include removal of existing window treatments, moving furniture, jobs over eight feet from the floor, or any special type of installation. The quoted installation price includes one trip to install custom products at the job site, additional trips are billed at customary prices. Delivery time quoted is only an estimate based on average service from the factory.

10. Payment Due: All funds and COD'S (Charge on Deliveries) are due upon installation or delivery. Installers are not permitted to leave an installation site unless they collect all funds due. If an order is incomplete, payment must be collected in full for all installed items. The customer hereby agrees to pay for all goods at the time of installation. There will be a $55.00 fee charged for each check returned by your bank for any reason.

Exclusions: Normal installation charges cover only the installation of window coverings in installation-ready locations. They do not cover moving furniture or taking down old window coverings. Any old window coverings including drapery and drapery rods must be removed and disposed by the home-owner prior to installation, unless agreed between the customer and Jade Window Coverings as part of the initial sale. Jade Window Coverings reserves the right to refuse to install the product at a location which at the discretion of Jade Window Coverings and its employees is deemed unsafe, not installationready, unhealthy, or misrepresented. Jade Window coverings is not responsible for construction defects such as uneven window sills, loose plaster, cracks in surfaces, crumbling concrete, dry rot damage, cracked tiles or minor installation scars.

Upon default in any terms, conditions or agreement on the part of the purchaser, the said purchaser agrees that Jade Window Coverings may (1) retake possession of the property sold hereunder and/or (2) sell the said property at a public auction or by private sale, or otherwise, and/or (3) declare the balance of the purchase price immediately due and payable. these remedies shall be cumulative and in the event of suit heron, purchaser agrees to pay any reasonable attorney's fee in addition to any expenses incurred in said suit. If you believe your merchandise to be defective, contact Jade Window Coverings within thirty (30) days of receipt of merchandise. We are not responsible once the merchandise has been cut or hung by the customer. there are no allowances for labor. Estimates of quantity needed are done as a service to the customer and absolute accuracy is not implied nor guaranteed. I (said purchaser/customer) have read and agreed to the terms and conditions stated. I further agree to pay reasonable collection or attorney's fees of collection or litigation as necessary to collect monies due to Jade Window Coverings under this contract.

Jade Window Coverings LLC 113 S. Main St, Suite D. Lake Elsinore CA. 92530 Page 5 of 5

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Yu Tagai, City Engineer
Date: August 25, 2026
Subject: Approval of Final Tract Maps 35337-3, 35337-4, and 35337, Spyglass Recommendation
Approve Final Tract Maps No. 35337-3, 35337-4, and 35337 subject to the City Engineer‘s acceptance as being true and correct, authorize the City Clerk to sign the maps and arrange for their recordation, and approve and authorize the City Manager to execute the construction agreements.

Background
The proposed Final Tract Maps No. 35337-3, 35337-4, and 35337 are located north of Camino Del Norte and east of Elsinore Hills Road. The maps are the final three (3) phases of a five (5) phase project within the Spyglass Ranch Specific Plan. Final Tract Map No. 35337-3 consists of approximately 52.28 acres and proposes 109 residential lots, five (5) lettered lots, and eight (8) open space lots. Final Tract Map No. 35337-4 consists of approximately 39.42 acres and proposes 94 residential lots, four (4) lettered lots, and seven (7) open space lots. Final Map No. 35337 consists of approximately 23.19 acres and proposes 35 residential lots, three (3) lettered lot, and seven (7) open space lots. In total, there will be 238 residential lots within the three (3) final tract maps. The average residential lot size of 7,635 square feet with the smallest and largest parcel being 5,050 and 35,127 square feet, respectively.

All future public improvements have been secured.

Discussion
Per the Subdivision Map Act Section 66474.1, the final tract maps have been reviewed and determined to substantially conform to the previously approved Tentative Tract Map No. 35337.

All Conditions of Approval relative to the final map approval have been completed.

Tract Map 35337 Spyglass

Page 2 of 2 ends

Fiscal Impact
Public improvements are to be constructed by the developer. The surety posted will be sufficient for the City to complete the construction if needed. Staff time was utilized to prepare the documents.

Attachments
Attachment 1 – Final Index Maps
Attachment 2 – Vicinity Map
Attachment 3 – Construction Agreements

EXHIBIT C

VICINITY MAP

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Yu Tagai, City Engineer
Date: August 25, 2026
Subject: Amendment No. 3 to the Professional Services Agreement with Chen Ryan Associates for the Murrieta Creek Multi-Use Trail Project Recommendation
Approve and authorize the City Manager to execute Amendment No. 3 to the Professional Services Agreement with Chen Ryan Associates for geotechnical testing and construction support services for the Murrieta Creek Multi-Use Trail Project in the amount of $60,200 for a total contract amount not to exceed $772,208.83 in such final form as approved by City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $6,020 for unanticipated costs.

Background
The Murrieta Creek Trail is a multi-jurisdiction, active transportation trail that is consistent with the City’s General Plan and Eastlake Specific Plan adopted in 2017. The proposed Murrieta Creek Multi-Use Trail would extend between Skylark Drive and the Lake Levee Trail. On September 27, 2022, City Council approved a professional services agreement with Chen Ryan Associates to provide final design and right of way services for the project. City Council approved Amendment No. 1 on March 25, 2025, for additional environmental assessments and bid support services, and Amendment No. 2 was approved on August 12, 2025, to provide construction design and support services.

Discussion
The project has incurred delays due to weather, unforeseen construction issues including prolonged saturated soil conditions, and nesting period for the Least Bell’s Vireo beginning April 2026 and ongoing. Due to the presence and nesting of the Least Bell’s Vireo, the project was required to close off more than half the trail segment and also limiting access into and out of the project site.

Amendment No. 3 Chen Ryan

Page 2 of 2 ends

Chen Ryan Associates has been working with the City and closely coordinating with the contractor and subcontractors. Amendment No. 3 will allow Chen Ryan to complete material testing duties and provide construction design support for the remainder of the project.

Fiscal Impact
Amendment No. 3 to Professional Services Agreement with Chen Ryan Associates will result in a cost of $60,200 plus an additional 10% contingency. This work has been programmed in the City’s CIP budget.

Attachments
Attachment 1 – Amendment No. 3
Exhibit A – Proposal
Attachment 2 – Amendment No. 2
Attachment 3 – Amendment No. 1
Attachment 4 – Original Agreement
AMENDMENT NO. 3

TO AGREEMENT FOR PROFESSIONAL SERVICES
Chen Ryan Associates
Engineering Construction Documents PS&E Phase & Construction Support Services This Amendment No. 3 to Agreement for Professional Services is made and entered into as of 8/25/2026, by and between the City of Lake Elsinore, a municipal corporation (“City), and Chen Ryan Associates, Inc., a Corporation (“Consultant”).

RECITALS
A. The City and Consultant have entered into that certain Agreement for Professional Services dated as of 9/27/2022, (the “Original Agreement”). Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement.

B. The Original Agreement provided for compensation to Consultant in an amount of Five Hundred Sixty-Five Thousand, Nine Hundred Forty-Three Dollars and Eighty-Three Cents ($565,943.83).

C. Amendment No. 1 was executed on 3/25/25 to increase compensation to a not to exceed amount of $601,643.83.

D. Amendment No. 2 was executed on 8/12/25 to increase compensation to a not to exceed amount of $712,008,.83.

E. The parties now desire to amend the scope of services and increase the payment for such services as set forth in this Amendment No. 3.

NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein, City and Consultant agree as follows:

1. Section 1, Scope of Services, of the Original Agreement is hereby amended to add the following:

Consultant shall also perform the services described in Consultant’s 8/13/2026 Proposal (attached to this Amendment No. 3 as Exhibit A-3).

Consultant shall provide such services at the time, place, and in the manner specified in Exhibit A-3, subject to the direction of the City through its staff that it may provide from time to time.

2. Section 3, Compensation, of the Original Agreement is hereby amended to add the following:

Notwithstanding the foregoing, for purposes of Amendment No. 3 and the term thereof, compensation to be paid to Consultant shall be in accordance with the Schedule of Charges fees set forth in Consultant’s Proposal (referenced collectively as Exhibit A-3 Amendment No. 3). In no event shall Consultant’s compensation related to Exhibit A-3 to Amendment No. 3 exceed Seven Hundred Seventy-Two Thousand, Two Hundred Eight dollars and Eighty-Three cents ($772,208.83) without additional written authorization from the City Council.

Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A-3 respectively, shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

3. Except for the changes specifically set forth herein, all other terms and conditions of the Original Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have caused this Amendment No. 1 to be executed on the respective dates set forth below.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
“CONSULTANT”
Chen Ryan Associates, Inc., a corporation
City Manager
Date:

Ross Duenas, Principal
Date: __
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
Attachments: Exhibit A-1 – Consultant’s Proposal
EXHIBIT A-2
CONSULTANT’S PROPOSAL
[ATTACHED]
1 August 13, 2026
Yu Tagai
City Engineer
Re: Murrieta Creek Trail PS&E Project Amendment #3
Dear Mr. Tagai,
We thank you for your consideration of this amendment request to provide continued professional services to the City of Lake Elsinore (the “Client” or “City”) for the Murrieta Creek Trail project “the Project”.

Project Understanding
CR Associates (“CRA”) and the City of Lake Elsinore entered into an Agreement for Professional Services for the Project on September 30, 2022 which will be amended to perform the following scope of services.

Additional Scope of Services
Task 7 Bid and Construction Period Support
Task 7.4 – Construction Period Geotechnical Testing Support The CRA team will provide the following geotechnical support during the construction period as requested, to the extent budgeted:

Support Activity Remaining Effort
Observation of excavation, and compaction testing during subgrade preparation, aggregate base placement, and asphalt concrete paving for trail and roadway. Assumed 130 hr
Special inspection during construction of bridge micropiles:
verification of micropile locations and plumbness, micropile rod casing, coupler and group material, casing depth and bond length, and load testing.

Assumed 100 hr
Laboratory testing: micropile grout for compaction testing, soil and aggregate base for maximum density / optimum moisture content, and concrete compressive strength. Weekly
Geotechnical Assumptions and Exclusions:
 On-site asphalt concrete density testing will be performed with a nuclear gauge.  Asphalt concrete maximum density, bitumen content, and gradation testing are excluded. For asphalt concrete compaction testing, we assume to use the maximum density values from the approved mix designs.
2  Contractor batch plant quality control records will be reviewed by the Construction Manager for bitumen content and aggregate gradation
Anticipated Project Schedule
We will perform the work as expeditiously as possible along a mutually agreed to schedule.

Fee and Billing
CRA will perform the scope of services outlined above in accordance with the payment method described in the approved Agreement for Professional Services, for the amount listed below. Fees will be invoiced monthly based upon the percentage of services performed as of the invoice date.

Total Amended Amount (Additional Funds + Transferred Funds)……$69,000 Transferred Funds…………………………………………………………………………..$8,800
Additional Funds Requested……………………………………………………………$60,200 The amended amount cost totals $69,000 which is reflected in the scope and fee herein. There is a remaining surplus in the contract due to tasks not required for PS&E which equate to $8,800. This excess would be used under a task reallocation of existing dollars to reduce the above request. Based on the values, a new contract cost addition of $60,200 is requested for the remaining portion of services outlined above for the construction phase. This additional cost would be granted from contingency and/or supplemented with a new allocation for the services under construction.

AMENDMENT NO. 2

TO AGREEMENT FOR PROFESSIONAL SERVICES
Chen Ryan Associates
Engineering Construction Documents PS&E Phase
This Amendment No. 2 to Agreement for Professional Services is made and entered into as of 8/12/2025, by and between the City of Lake Elsinore, a municipal corporation (“City), and Chen Ryan Associates, Inc., a Corporation (“Consultant”).

B. The Original Agreement provided for compensation to Consultant in an amount of Five Hundred Sixty Five Nine Hundred Forty Three dollars and Eighty Three Cents ($565,943.83).

C. The Original Agreement had a term of services ending on 6/30/2025.

D. Amendment No. 1, approved March 25, 2025, increased the Consultant compensation in an amount of $35,700.

E. The parties now desire to amend the scope of services, term and increase the payment for such services as set forth in this Amendment No. 2.

NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein, City and Consultant agree as follows:

1. Section 1, Scope of Services, of the Original Agreement is hereby amended to add the following:

Consultant shall also perform the services described in Consultant’s 6/13/2025 Proposal (attached to this Amendment No. 2 as Exhibit A-1).

Consultant shall provide such services at the time, place, and in the manner specified in Exhibit A-1, subject to the direction of the City through its staff that it may provide from time to time.

2. Section 3, Compensation, of the Original Agreement is hereby amended to read in its entirety as follows:

Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultant’s Proposal (Exhibit A to the Original Agreement) and Consultant’s 3/12/2025 Proposal (Exhibit A-1 to Amendment No. 1), and Consultant’s 6/13/2025 Proposal (Exhibit A-2 to Amendment No. 2).

In no event shall Consultant’s compensation related to Exhibit A to the Original Agreement exceed Five Hundred Sixty Five Nine Hundred Forty Three dollars and Eighty Three cents ($565,943.83) without additional written authorization from the City. In no event shall Consultant’s compensation related to Exhibit A-1 to Amendment No. 1 exceed Thirty Five Thousand Seven Hundred dollars ($35,700). In no event shall Consultant’s compensation related to Exhibit A-2 to Amendment No. 2 exceed One Hundred Ten Thousand Three Hundred Sixty Five dollars Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 ($110,365). Total compensation shall not exceed Seven Hundred Twelve Thousand Eight dollars and Eighty Three cents ($712,008.83).

Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A-1 respectively, shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

3. Except for the changes specifically set forth herein, all other terms and conditions of the Original Agreement shall remain in full force and effect.

Monique Chen, Principal; In-Charge
Date: __
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
Attachments: Exhibit A-1 – Consultant’s Proposal
Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 8/22/2025 | 2:53 PM PDT
8/24/2025 | 3:51 PM PDT
8/25/2025 | 4:52 PM PDT 8/25/2025 | 4:51 PM PDT
8/25/2025 | 5:04 PM PDT
EXHIBIT A-2
CONSULTANT’S PROPOSAL
[ATTACHED]
Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 1 June 13, 2025
Yu Tagai
Senior Civil Engineer
Re: Murrieta Creek Trail PS&E Project Amendment #2
Dear Mr. Tagai,
We thank you for your consideration of this amendment request to provide continued professional services to the City of Lake Elsinore (the “Client” or “City”) for the Murrieta Creek Trail project “the Project”.

Additional Scope of Services
Task 7 Bid and Construction Period Support
Task 7.3 – Construction Period Support
The CRA team will assist the City during the construction period as requested, to the extent budgeted.

The CRA team will provide the following types of support services: responding to Contractor RFIs, reviewing material submittals (up to two (2) review cycles per submittal), performing site walks (up to five (5), attended by up to two (2) staff) to observe the progress of the work, and attending intermittent construction meetings. Material and shop drawing submittal will be reviewed only for conformance with the information given in the Construction Documents. Such review and approvals or other actions will not extend to means, methods, techniques, equipment choice and usage, sequences, schedules, or procedures of construction or to related safety procedures and programs.

Assumptions and Exclusions
 Bridge design submittals will not require any alterations to the current abutment designs.  Value engineering services are excluded.
 Services to address revisions to structural design due to contractor errors during construction and unforeseeable conditions encountered during construction are excluded.

Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 2 Task 7.4 – Construction Period Geotechnical Testing Support The CRA team will provide the following geotechnical support during the construction period as requested, to the extent budgeted:

Support Activity Frequency
Observation and compaction testing during subgrade preparation, aggregate base placement, and asphalt concrete paving for trail and roadway.

Daily (pending progress
of construction)
Observation of excavation for proposed retaining wall foundations and bridge abutments, including review of excavation bottoms. Continuous Compaction testing of retaining wall, bridge abutment, and other miscellaneous backfill. Continuous
Sampling and verification of concrete reinforcing steel. As required Sampling and testing of concrete: fabrication of concrete test cylinders, slump, temperature, and air content. Varies
Special inspection during construction of bridge micropiles:
verification of micropile locations and plumbness, micropile rod casing, coupler and group material, casing depth and bond length, and load testing.

Continuous
Special inspection during placement of concrete for retaining wall foundations, bridge abutments, and other structural design elements. Verification of mix design and reinforcement placement, and bridge abutment anchor bolts.

Continuous
Laboratory testing: micropile grout for compaction testing, soil and aggregate base for maximum density / optimum moisture content, and concrete compressive strength. Weekly
Geotechnical Assumptions and Exclusions:
 On-site asphalt concrete density testing will be performed with a nuclear gauge.  Asphalt concrete maximum density, bitumen content, and gradation testing are excluded. For asphalt concrete compaction testing, we assume to use the maximum density values from the approved mix designs.
 Contractor batch plant quality control records will be reviewed by the Construction Manager for bitumen content and aggregate gradation.

Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 3 Anticipated Project Schedule
It is anticipated that the construction period will be completed within twelve (12) months.

Fee and Billing
CRA will perform the scope of services outlined above in accordance with the payment method described in the approved Agreement for Professional Services. Fees will be invoiced monthly based upon the percentage of services performed as of the invoice date.

Total amended amount…………………………………………………………………………….$110,365 Task 7.3 Construction Period Support……………………….$24,500
Task 7.4 Construction Period Geotechnical Testing…..$85,865 Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 8/22/2025 | 12:14 PM PDT
Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3

CITY OF LAKE ELSINORE

TO BE POSTED IN A CONSPICUOUS PLACE
Business Name:

Business Location:

Owner Name(s):

BUSINESS LICENSE NO.

Issue Date:

Description:

Expiration Date:

BUSINESS LICENSE
THIS IS YOUR LICENSE • NOT TRANSFERABLE
3900 5TH AVE STE 310 Business Type:

SAN DIEGO, CA 92103-3112
CHEN RYAN ASSOCIATES, INC.
3900 5TH AVE STE 310
SAN DIEGO, CA 92103-3112
This business license is issued for revenue purposes only and does not grant authorization to operate a business. This business license is issued without verification that the holder is subject to or exempted from licensing by the state, county, federal government, or any other governmental agency.

Administrative Services - Licensing
130 South Main Street, Lake Elsinore, CA 92530
PH (951) 674-3124
CHEN RYAN ASSOCIATES, INC.

MONIQUE CHEN

PROFESSIONAL/ENGINEERS

TRAFFIC ENGINEERING, DESIGN &

TRANSPORTAION PLANNING
024247
9/1/2025 8/31/2026
Starting January 1, 2021, Assembly Bill 1607 requires the prevention of gender-based discrimination of business establishments. A full notice is available in English or other languages by going to: https://www.dca.ca.gov/publications/ Docusign Envelope ID: 0BDC9715-4844-4CEB-9B0D-D9817C546FA3 AMENDMENT NO. 1

TO AGREEMENT FOR PROFESSIONAL SERVICES
Chen Ryan Associates
Engineering Construction Documents PS&E Phase
This Amendment No. 1 to Agreement for Professional Services is made and entered into as of 3/25/2025, by and between the City of Lake Elsinore, a municipal corporation (“City), and Chen Ryan Associates, Inc., a Corporation (“Consultant”).

B. The Original Agreement provided for compensation to Consultant in an amount of Five Hundred Sixty Five Nine Hundred Forty Three dollars and Eighty Three Cents ($565,943.83).

C. The parties now desire to amend the scope of services and increase the payment for such services as set forth in this Amendment No 1.

NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein, City and Consultant agree as follows:

1. Section 1, Scope of Services, of the Original Agreement is hereby amended to add the following:

Consultant shall also perform the services described in Consultant’s 3/12/2025 Proposal (attached to this Amendment No. 1 as Exhibit A).

Consultant shall provide such services at the time, place, and in the manner specified in Exhibit A, subject to the direction of the City through its staff that it may provide from time to time.

2. Section 3, Compensation, of the Original Agreement is hereby amended to read in its entirety as follows:

In no event shall Consultant’s compensation related to Exhibit A to the Original Agreement exceed Five Hundred Sixty Five Nine Hundred Forty Three dollars and Eighty Three cents ($565,943.83) without additional written authorization from the City. In no event shall Consultant’s compensation related to Exhibit A to Amendment No. 1 exceed Thirty Five Thousand Seven Hundred dollars ($35,700.00). Total compensation shall not exceed Six Hundred one thousand six hundred forty three dollars and eighty three cents ($601,643.83).

Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3 Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A respectively, shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

3. Except for the changes specifically set forth herein, all other terms and conditions of the Original Agreement shall remain in full force and effect.

Monique Chen, Principal In-Charge
Date: __
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]
Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3 1 March 12, 2025
Yu Tagai
Senior Civil Engineer
Re: Murrieta Creek Trail PS&E Project Amendment #1
Dear Mr. Tagai,
We thank you for your consideration of this amendment request to provide continued professional services to the City of Lake Elsinore (the “Client” or “City”) for the Murrieta Creek Trail project “the Project”.

Through collaboration with City staff during the development of the PS&E, the Project will require the following amended services.

Additional Scope of Services
Task 5 Right-of-Way Support
Task 5.4 – Offer Package Preparation and Property Rights Acquisition/Negotiations The CRA team will prepare Just Compensation documents and perform coordination as required due to the change in ownership for parcels 370-120-063 and 371-100-020, respectively.

Deliverables: Just Compensation document (.pdf)
Task 6 Environmental Support
Task 6.12 – Crotch’s Bumble Bee Habitat Assessment
The CRA team will conduct a habitat assessment for the Crotch’s bumble bee (Bombus crotchii), via vegetation mapping using the Manual of California Vegetation communities. The habitat assessment will be conducted to identify areas with the highest concentration of floral resources within the impact area.

The habitat assessment is assumed to be completed in a single day.

Following the habitat assessment, the CRA team will prepare a Habitat Mapping Report documenting the baseline habitat and species composition, as well as a map and GIS files of the habitat mapping. This task assumes one (1) round of minor revisions from the City prior to submittal to the California Department of Fish and Wildlife (CDFW) and one (1) round of minor revisions and comments from CDFW. If additional rounds of comments or substantial revisions are requested, additional authorization may be required. The report will be submitted electronically to CDFW no less than 120 days prior to initiation of activities within CDFW jurisdiction.

Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3 2 If the habitat assessment identifies the presence of suitable habitat, the CRA team will prepare and submit a survey plan for Crotch’s bumble bee to CDFW for review and comment. Prior to preparation of the draft survey plan, the CRA team will submit the name and qualifications of the proposed qualified biologist(s) to CDFW for approval.

The survey plan will identify the timing, number, and duration of survey efforts, and procedures to follow, should Crotch’s bumble bee be detected within the project area. This task assumes one (1) round of minor revisions and comments from CDFW. If additional rounds of comments or substantial revisions are requested, additional authorization may be required. The plan will be submitted electronically to CDFW no less than 90 days prior to initiation of activities within CDFW jurisdiction.

If the habitat assessment identifies the presence of suitable habitat, the CRA team will complete protocollevel surveys of the impact area for the Crotch’s bumble bee following the Rusty Patched bumble bee survey guidelines issued by U.S. Fish and Wildlife, titled Survey Protocols for the Rusty Patched Bumble Bee (Bombus affinis) and dated April 12, 2019, as required by the project Streambed Alteration Agreement.
the CRA team will conduct four (4) field surveys of the impact areas during the appropriate season, between February 1 and October 31. Each survey will be spaced between two (2) and four (4) weeks apart.

Bumble bee species observed during the survey will be identified but will not be captured or handled to avoid potential take. If a Crotch’s bumble bee is detected or suspected, the location and observation details will be documented, including photographs. Dr. Douglas Yanega, University of California, Riverside bumble bee expert, will confirm species identification for non-capture photos as a subconsultant to the CRA team. Each survey is assumed to be completed in a single day. A stand-alone report of findings will be prepared to document the survey effort. This task assumes one (1) round of minor revisions and comments from CDFW. If additional rounds of comments or substantial revisions are requested, additional authorization may be required. This task does not include collecting additional information or revising survey methods, if requested by CDFW. The survey results report will be submitted electronically to CDFW within 30 days of completion of the survey efforts and no less than 30 days prior to initiation of activities within CDFW jurisdiction.

Deliverables: Draft and Final Habitat Mapping Report, Survey Plan, Survey Field Report (.pdf) Task 7 Bid and Construction Period Support
Task 7.1 – Bid Period Support
The CRA team will support the City during the bid period as requested and to the extent budgeted. Support services may include attendance at a pre-bid meeting, review of RFI’s, and assistance in preparing bid addenda. Up to twenty (20) hours have been budgeted for this task.

Task 7.2 – Record Drawings
Following the conclusion of construction, based on a consolidated, red-lined plan set provided by the City, the CRA team will update the Final Plans to reflect the as-built condition.

Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3 3 Anticipated Project Schedule
We will provide our services as expeditiously as practicable to meet a mutually agreed upon schedule.

Additional Services
Any services not specifically described in the above scope, as well as any changes in the scope the Client requests, will be considered Additional Services and will be performed at our then-current hourly rates.

Additional services we can provide include, but are not limited to, the following:
 Providing any other services not expressly included in this Scope of Services  Services during bid and construction
 Preparation of technical studies and design plans not included in this Scope of Services  Payment of any agency fees
 Endowment fund management and coordination
 Protective instrument coordination
 Implementation and/or maintenance of mitigation measures Fee and Billing
CRA will perform the scope of services outlined above in accordance with the payment method described in the approved Agreement for Professional Services. Fees will be invoiced monthly based upon the percentage of services performed as of the invoice date.

Task 5.4 Right-of-Way Support……………………………………………$3,000
Task 6.12A Crotch’s Bumble Bee Habitat Assessment…………$6,500 Task 6.12B Crotch’s Bumble Bee Survey Plan and Surveys….$17,200 Task 7.1 Bid Period Support………………………………………………..$4,000
Task 7.2 Record Drawings……………………………………………………$5,000
Total amount additional funds requested…..………………………$35,700 Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3 Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3 Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3 Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3 Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3 Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3

CITY OF LAKE ELSINORE

TO BE POSTED IN A CONSPICUOUS PLACE
Business Name:

Business Location:

Owner Name(s):

BUSINESS LICENSE NO.

Issue Date:

Description:

Expiration Date:

BUSINESS LICENSE
THIS IS YOUR LICENSE • NOT TRANSFERABLE
3900 5TH AVE STE 310 Business Type:

Administrative Services - Licensing
130 South Main Street, Lake Elsinore, CA 92530
PH (951) 674-3124
CHEN RYAN ASSOCIATES, INC.

MONIQUE CHEN

PROFESSIONAL/ENGINEERS

TRAFFIC ENGINEERING, DESIGN &

TRANSPORTAION PLANNING
024247
9/1/2024 8/31/2025
Starting January 1, 2021, Assembly Bill 1607 requires the prevention of gender-based discrimination of business establishments. A full notice is available in English or other languages by going to: https://www.dca.ca.gov/publications/ Docusign Envelope ID: 40D21E58-1B32-445C-A56D-CEDCA2471EC3

Page 1 ends

AGREEMENT FOR PROFESSIONAL SERVICES
Chen Ryan Associates
Engineering Construction Documents PS&E Phase
This Agreement for Professional Services (the “Agreement”) is made and entered into as of September 27, 2022, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Chen Ryan Associates Inc., a Corporation ("Consultant").

RECITALS
A. The City has determined that it requires the following professional services:

Engineering Construction Documents PS&E Phase
B. Consultant has submitted to City a proposal, dated September 2, 2022, attached hereto as Exhibit A (“Consultant’s Proposal”) and incorporated herein, to provide professional services to City pursuant to the terms of this Agreement.

C. Consultant possesses the skill, experience, ability, background, certification and knowledge to perform the services described in this Agreement on the terms and conditions described herein.

D. City desires to retain Consultant to perform the services as provided herein and Consultant desires to provide such professional services as set forth in this Agreement.

AGREEMENT

1. Scope of Services. Consultant shall perform the services described in Consultant’s Proposal (Exhibit A). Consultant shall provide such services at the time, place, and in the manner specified in Consultant’s Proposal, subject to the direction of the City through its staff that it may provide from time to time.

2. Time of Performance.
a. Time of Essence. Time is of the essence in the performance of this Agreement. The time for completion of the professional services to be performed by Consultant is an essential condition of this Agreement. Consultant shall prosecute regularly and diligently the professional services contemplated pursuant to this Agreement according to the agreed upon performance schedule in Consultant’s Proposal (Exhibit A). b. Performance Schedule. Consultant shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services within the time period(s) established in the Consultant’s Proposal (Exhibit A). When requested by Consultant, extensions to the time period(s) specified may be approved in writing by the City Manager.

DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

Page 2 ends

c. Term. The term of this Agreement shall commence upon execution of this Agreement and shall continue until the services and related work are completed in accordance with the Consultant’s Proposal (Exhibit A).

3. Compensation. Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultants’ Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Consultant’s compensation exceed Five Hundred Sixty-Five Thousand Nine Hundred Forty-Three dollars and Eighty-Three cents ($565,943.83) without additional written authorization from the City. Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

4. Method of Payment. Consultant shall promptly submit billings to the City describing the services and related work performed during the preceding month to the extent that such services and related work were performed. Consultant’s bills shall be segregated by project task, if applicable, such that the City receives a separate accounting for work done on each individual task for which Consultant provides services. Consultant’s bills shall include a brief description of the services performed, the date the services were performed, the number of hours spent and by whom, and a description of any reimbursable expenditures. City shall pay Consultant no later than forty-five (45) days after receipt of the monthly invoice by City staff.

5. Background Checks. At any time during the term of this Agreement, the City reserves the right to make an independent investigation into the background of Consultant’s personnel who perform work required by this Agreement, including but not limited to their references, character, address history, past employment, education, social security number validation, and criminal or police records, for the purpose of confirming that such personnel are lawfully employed, qualified to provide the subject service or pose a risk to the safety of persons or property in and around the vicinity of where the services will be rendered or City Hall. If the City makes a reasonable determination that any of Consultant’s prospective or then current personnel is deemed objectionable, then the City may notify Consultant of the same. Consultant shall not use that personnel to perform work required by this Agreement, and if necessary, shall replace him or her with a suitable worker.

6. Suspension or Termination.
a. The City may at any time, for any reason, with or without cause, suspend or terminate this Agreement, or any portion hereof, by serving upon the Consultant at least ten (10) days prior written notice. Upon receipt of such notice, the Consultant shall immediately cease all work under this Agreement, unless the notice provides otherwise. If the City suspends or terminates a portion of this Agreement such suspension or termination shall not make void or invalidate the remainder of this Agreement.
b. In the event this Agreement is terminated pursuant to this Section, the City shall pay to Consultant the actual value of the work performed up to the time of termination, provided that the work performed is of value to the City. Upon termination of the Agreement pursuant to this Section, the Consultant will submit an invoice to the City, pursuant to Section entitled “Method of Payment” herein.

DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

Page 3 ends

7. Plans, Studies, Documents.
a. Ownership of Documents. All plans, studies, documents and other writings prepared by and for Consultant, its officers, employees and agents and subcontractors in the course of implementing this Agreement, except working notepad internal documents, shall become the property of the City upon payment to Consultant for such work, and the City shall have the sole right to use such materials in its discretion without further compensation to Consultant or to any other party. Consultant shall, at Consultant’s expense, provide such reports, plans, studies, documents and other writings to City upon written request. City shall have sole determination of the public’s rights to documents under the Public Records Act, and any thirdparty requests of Consultant shall be immediately referred to City, without any other actions by Consultant.
b. Licensing of Intellectual Property. This Agreement creates a nonexclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in plans, specifications, studies, drawings, estimates, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Consultant under this Agreement ("Documents & Data"). Consultant shall require that all subcontractors agree in writing that City is granted a nonexclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Consultant represents and warrants that Consultant has the legal right to license any and all Documents & Data. Consultant makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Consultant or provided to Consultant by the City. City shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at City’s sole risk. c. Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents & Data either created by or provided to Consultant in connection with the performance of this Agreement shall be held confidential by Consultant. Such materials shall not, without the prior written consent of City, be used by Consultant for any purposes other than the performance of the services under this Agreement. Nor shall such materials be disclosed to any person or entity not connected with the performance of the services under this Agreement. Nothing furnished to Consultant which is otherwise known to Consultant or is generally known, or has become known, to the related industry shall be deemed confidential. Consultant shall not use City’s name or insignia, photographs relating to project for which Consultant’s services are rendered, or any publicity pertaining to the Consultant’s services under this Agreement in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of City.

8. Consultant’s Books and Records.
a. Consultant shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services, or expenditures and disbursements charged to City for a minimum period of three (3) years, or for any longer period required by law, from the date of final payment to Consultant to this Agreement.

DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

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b. Consultant shall maintain all documents and records which demonstrate performance under this Agreement for a minimum period of three (3) years, or for any longer period required by law, from the date of termination or completion of this Agreement. c. Any records or documents required to be maintained pursuant to this Agreement shall be made available for inspection or audit, at any time during regular business hours, upon written request by the City Manager, City Attorney, City Auditor or a designated representative of these officers. Copies of such documents shall be provided to the City for inspection at City Hall when it is practical to do so. Otherwise, unless an alternative is mutually agreed upon, the records shall be available at Consultant’s address indicated for receipt of notices in this Agreement.
d. Where City has reason to believe that such records or documents may be lost or discarded due to dissolution, disbandment or termination of Consultant’s business, City may, by written request by any of the above-named officers, require that custody of the records be given to the City and that the records and documents be maintained in City Hall. Access to such records and documents shall be granted to any party authorized by Consultant, Consultant’s representatives, or Consultant’s successor-in-interest.

9. Independent Contractor.
a. Consultant is and shall at all times remain as to the City a wholly independent contractor pursuant to California Labor Code Section 3353. The personnel performing the services under this Agreement on behalf of Consultant shall at all times be under Consultant’s exclusive direction and control. Neither City nor any of its officers, employees, or agents shall have control over the conduct of Consultant or any of Consultant’s officers, employees, or agents, except as set forth in this Agreement. Consultant shall not at any time or in any manner represent that it or any of its officers, employees, or agents are in any manner officers, employees, or agents of the City. Consultant shall not incur or have the power to incur any debt, obligation, or liability whatsoever against City, or bind City in any manner. b. Notwithstanding any other federal, state and local laws, codes, ordinances and regulations to the contrary and except for the fees paid to Consultant as provided in the Agreement, Consultant and any of its employees, agents, and subcontractors providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in PERS as an employee of City and entitlement to any contribution to be paid by City for employer contribution and/or employee contributions for PERS benefits.

10. PERS Eligibility Indemnification. In the event that Consultant or any employee, agent, or subcontractor of Consultant providing services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Consultant shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Consultant or its employees, agents, or subcontractors, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City.

11. Interests of Consultant. Consultant (including principals, associates and professional employees) covenants and represents that it does not now have any investment or interest in real property and shall not acquire any interest, direct or indirect, in the area covered DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

Page 5 ends

by this Agreement or any other source of income, interest in real property or investment which would be affected in any manner or degree by the performance of Consultant’s services hereunder. Consultant further covenants and represents that in the performance of its duties hereunder no person having any such interest shall perform any services under this Agreement.

Consultant is not a designated employee within the meaning of the Political Reform Act because Consultant:
a. will conduct research and arrive at conclusions with respect to his/her rendition of information, advice, recommendation or counsel independent of the control and direction of the City or of any City official, other than normal agreement monitoring; and b. possesses no authority with respect to any City decision beyond rendition of information, advice, recommendation or counsel. (FPPC Reg. 18700(a)(2).)

12. Professional Ability of Consultant. City has relied upon the professional training and ability of Consultant to perform the services hereunder as a material inducement to enter into this Agreement. Consultant shall therefore provide properly skilled professional and technical personnel to perform all services under this Agreement. All work performed by Consultant under this Agreement shall be in accordance with applicable legal requirements and shall meet the standard of quality ordinarily to be expected of competent professionals in Consultant’s field of expertise.

13. Compliance with Laws.
a. Consultant shall comply with all local, state and federal laws and regulations applicable to the services required hereunder, including any rule, regulation or bylaw governing the conduct or performance of Consultant and/or its employees, officers, or board members.
b. Consultant represents that it has obtained and will maintain at all times during the term of this Agreement all professional and/or business licenses, certifications and/or permits necessary for performing the services described in this Agreement, including a City business license.

14. Licenses. Consultant represents and warrants to City that it has the licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of Consultant to practice its profession. Consultant represents and warrants to City that Consultant shall, at its sole cost and expense, keep in effect or obtain at all times during the term of this Agreement, any licenses, permits, insurance and approvals which are legally required of Consultant to practice its profession. Consultant shall maintain a City of Lake Elsinore business license.

15. Indemnity. Consultant shall indemnify, defend, and hold harmless the City and all of its officials, officers, employees, agents, and volunteers from and against any and all losses, liability, damages, claims, suits, actions, costs and expenses including attorney’s fees, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of Consultant or its employees, subcontractors, or agents, by acts for which they could be held strictly liable, or by the quality or character of their work. The foregoing obligation of Consultant shall not apply when (1) the injury, DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

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loss of life, damage to property, or violation of law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Consultant or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to property, or violation of law. It is understood that the duty of Consultant to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code. Acceptance by City of insurance certificates and endorsements required under this Agreement does not relieve Consultant from liability under this indemnification and hold harmless clause. This indemnification and hold harmless clause shall apply to any damages or claims for damages whether or not such insurance policies shall have been determined to apply.

By execution of this Agreement, Consultant acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

16. Insurance Requirements.
a. Insurance. Consultant, at Consultant’s own cost and expense, shall procure and maintain, for the duration of the contract, unless modified by the City’s Risk Manager, the following insurance policies.
i. Workers’ Compensation Coverage. Consultant shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California. In addition, Consultant shall require each subcontractor to similarly maintain Workers’ Compensation Insurance and Employer’s Liability Insurance in accordance with the laws of the State of California for all of the subcontractor’s employees. Any notice of cancellation or non-renewal of all Workers’ Compensation policies must be received by the City at least thirty (30) days prior to such change. The insurer shall agree to waive all rights of subrogation against City, its officers, agents, employees and volunteers for losses arising from work performed by Consultant for City. In the event that Consultant is exempt from Worker’s Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California, Consultant shall submit to the City a Certificate of Exemption from Workers Compensation Insurance in a form approved by the City Attorney.
ii. General Liability Coverage. Consultant shall maintain commercial general liability insurance in an amount not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit. Required commercial general liability coverage shall be at least as broad as Insurance Services Office Commercial General Liability occurrence form CG 0001 (ed. 11/88) or Insurance Services Office form number GL 0002 (ed. 1/73) covering comprehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.

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iii. Automobile Liability Coverage. Consultant shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence.

Automobile liability coverage must be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 (“any auto”). No endorsement may be attached limiting the coverage.
iv. Professional Liability Coverage. Consultant shall maintain professional errors and omissions liability insurance appropriate for Consultant’s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Consultant’s services under this Agreement, whether such services are provided by the Consultant or by its employees, subcontractors, or sub consultants. The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single limit per occurrence basis. b. Endorsements. Each general liability and automobile liability insurance policy shall be with insurers possessing a Best’s rating of no less than A:VII and shall be endorsed with the following specific language:
i. Notwithstanding any inconsistent statement in any required insurance policies or any subsequent endorsements attached thereto, the protection offered by all policies, except for Workers’ Compensation, shall bear an endorsement whereby it is provided that, the City and its officers, employees, servants, volunteers and agents and independent contractors, including without limitation, the City Manager and City Attorney, are named as additional insureds. Additional insureds shall be entitled to the full benefit of all insurance policies in the same manner and to the same extent as any other insureds and there shall be no limitation to the benefits conferred upon them other than policy limits to coverages.
ii. This policy shall be considered primary insurance as respects the City, its elected or appointed officers, officials, employees, agents and volunteers.

Any insurance maintained by the City, including any self-insured retention the City may have, shall be considered excess insurance only and shall not contribute with it. iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company.
iv. The insurer waives all rights of subrogation against the City, its elected or appointed officers, officials, employees or agents. v. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its elected or appointed officers, officials, employees, agents or volunteers.
vi. The insurance provided by this Policy shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty (30) days written notice has been received by the City.

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c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City’s option, Consultant shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Consultant shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

Attn: Monique Chen, Principal In-Charge
3900 Fifth Avenue, Ste 310
San Diego, CA 92103

18. Assignment and Subcontracting. The parties recognize that a substantial inducement to City for entering into this Agreement is the professional reputation, experience and competence of Consultant and the subcontractors listed in Exhibit B. Consultant shall be fully responsible to City for all acts or omissions of any subcontractors. Assignments of any or all rights, duties or obligations of the Consultant under this Agreement will be permitted only with the express consent of the City. Consultant shall not subcontract any portion of the work to be performed under this Agreement except as provided in Exhibit B without the written authorization of the City. If City consents to such subcontract, Consultant shall be fully responsible to City for all acts or omissions of those subcontractors. Nothing in this Agreement shall create any contractual relationship between City and any subcontractor nor shall it create any obligation on the part of the City to pay or to see to the payment of any monies due to any such subcontractor other than as otherwise is required by law.

19. Waiver. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver of a subsequent breach of the same or any other provision under this Agreement.

20. Litigation Expenses and Attorneys’ Fees. If either party to this Agreement commences any legal action against the other party arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable litigation expenses, including court costs, expert witness fees, discovery expenses, and attorneys’ fees.

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22. Prohibited Interests. Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, City shall have the right to rescind this Agreement without liability. For the term of this Agreement, no member, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

23. Equal Opportunity Employment. Consultant represents that it is an equal opportunity employer and it shall not discriminate against any subcontractor, employee or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination.

24. Prevailing Wages. Consultant is aware of the requirements of California Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Section 16000, et seq., ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on "public works" and "maintenance" projects.

Consultant agrees to fully comply with all applicable federal and state labor laws (including, without limitation, if applicable, the Prevailing Wage Laws). It is agreed by the parties that, in connection with the Work or Services provided pursuant to this Agreement, Consultant shall bear all risks of payment or non-payment of prevailing wages under California law, and Consultant hereby agrees to defend, indemnify, and hold the City, and its officials, officers, employees, agents, and volunteers, free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. The foregoing indemnity shall survive termination of this Agreement.

27. Authority to Enter Agreement. Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

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make this Agreement and to bind each respective party. The City Manager is authorized to enter into an amendment or otherwise take action on behalf of the City to make the following modifications to the Agreement: (a) a name change; (b) grant extensions of time; (c) nonmonetary changes in the scope of services; and/or (d) suspend or terminate the Agreement.

29. Entire Agreement; Incorporation; Conflict. This Agreement contains the entire understanding between the parties relating to the obligations described herein. All prior or contemporaneous understandings, agreements, representations and statements, oral or written, are superseded in total by this Agreement and shall be of no further force or effect. Consultant’s Proposal is incorporated only for the description of the scope of services and/or the schedule of performance and no other terms and conditions from such proposal shall apply to this Agreement unless specifically agreed to in writing. In the event of conflict, this Agreement shall take precedence over those contained in the Consultant’s Proposal.

30. Amendments. This Agreement may be modified or amended only by a written document executed by both Consultant and City and approved as to form by the City Attorney. [Signatures on next page]
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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
Assistant City Manager
“CONSULTANT”
Chen Ryan Associates, Inc., a Corporation
By: Monique Chen
Its: Principal In-Charge
Attachments: Exhibit A – Consultant’s Proposal
Exhibit B – List of Subcontractors
DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7 9/28/2022 | 4:56 PM PDT
9/28/2022 | 6:45 PM PDT
9/30/2022 | 5:36 PM PDT 9/30/2022 | 5:07 PM PDT
10/2/2022 | 8:25 PM PDT

EXHIBIT A

EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]
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SCOPE OF WORK
CR Associates and our teaming partners (“the Consultant”) will develop engineering construction documents to support the proposed project. It is understood that the Plans, Specifications, and Estimate (PS&E) phase will build directly upon the preliminary design and environmental analysis developed during the Project Alignment and Environmental Document (PA/ED) phase. It is assumed that the trail alignment will not deviate from the PA/ED alignment and that the environmental and private parcel impacts described in the PA/ED documentation will be unchanged – with the exception of between Stoneman Street and Skylark Drive. It is assumed that all environmental mitigation will be done through the purchase of credits at a mitigation bank. It is also assumed that the project will be exempt from flood control requirements and that FEMA map revisions will not be required.

Scope of Services
Task 1 – Project Management and Meetings
CR Associates (CRA) will perform project management and administration services consisting of invoicing (with associated back up), monitoring progress against budget, and overall quality assurance (QA) throughout the project duration, assumed to be twelve months. Specific quality control (QC) efforts for each deliverable document are included in the task covering that document.

CRA will prepare contracts for required Subconsultant services. This task will also consist of: monitoring Subconsultant progress against budget and schedule, reviewing monthly Subconsultant invoices and associated back up.

CRA will attend virtual meetings as identified herein. Meetings in this Scope of Services are as follows:
 Kick-off Meeting with City Staff
 Monthly Meetings with City Staff (up to 12)
CRA will spend time each month coordinating with City staff via email and telephone.

As requested, CRA will assist City staff with presenting to the City’s Planning Commission and/or City Council. It is assumed that up to two (2) total presentations may be performed.

Task 1 – Deliverables:
 Schedule (PDF format)
 A typed summary for each meeting (PDF format)
 Action Item Matrix for monthly meetings (Excel format) Task 2 – Construction Documents, Specifications, and Estimate (PS&E) (75% and 100%) Task 2.1 – Field Walk
The Consultant will schedule and attend one (1) field walk with City staff to review the project location and to observe readily visible existing conditions and facilities.

September 2, 2022
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Task 2.2 – Construction Plans
Based on the final 30% Preliminary Engineering design, the Consultant will prepare 75% and 100% (mylar) construction documents for City review and comment. The design will be based on the following standards: City of Lake Elsinore Design Standards, Riverside County Regional Standards, and the 2014 California Manual on Uniform Traffic Control Devices (CA-MUTCD). The design will consist of the following sheets:
 Cover Sheet, (1 Sheet)
 General Notes Sheet, (1 Sheet)
 Construction Details, (2 Sheets)
 Trail Plan and Profile, 1” = 40’ Scale (9 Sheets)
 Utility Protection / Relocation Plan, 1” = 80’ Scale (2 Sheets)  Landscape Notes and Details, (2 Sheets)
 Landscape Plans, 1” = 40’ scale (4 Sheets)
 Temporary Irrigation Notes and Details, (2 Sheets)
 Temporary Irrigation Plans, 1” = 40’ scale (4 Sheets)  Fencing and Signage Notes and Details, (2 Sheets)
 Fencing and Signage Plan, 1” = 40’ scale (4 Sheets)
 Wayfinding Notes and Details, (2 Sheets)
 Structural Engineering Notes and Details, (2 Sheets)
 Construction Access and Fencing Plan (2 Sheets)
 Trail Cross Sections (taken at approximate 100’ intervals), 1” = 40’ horiz | 1” = 8’ vert, (4 Sheets) It is assumed that the Construction Plans will be permitted only through the City of Lake Elsinore and the Elsinore Valley Municipal Water District (EVMWD). Environmental resource agency permitting will be performed as part of Task 6.

Additional information for select plan sheet types are as follows:

Structural Engineering Notes and Details
Structural engineering notes, details, and supporting calculations will be prepared for the following items:
abutment foundations for the prefabricated bridge (assumed pedestrian and light vehicular loading), retaining wall, vehicle access gate foundations, wood fencing foundations, signage poles and foundations, and kiosk foundation. The structural design will be based on the 2019 California Building Code. It is assumed that only the design intent for the vehicle access gate, wood fencing, and kiosk will be shown on the Construction Plans, and that these project elements will require deferred submittals prepared by the Contractor.

Construction Access and Construction Fencing Plan
CRA will prepare a Construction Access and Construction Fencing Plan to identify allowable construction accessways (assumed to be a combination of the Levee Trail, Stoneman Street, and Skylark Drive) and storage and laydown areas for the Contractor. The plan will be prepared at a large scale (1”=200’ for example) over Near-map aerial imagery and will portray the proposed trail alignment along with general notes and callouts regarding how/when the Contractor may access the construction zone. The plan will also provide general information regarding construction fencing requirements near sensitive habitats. It is assumed that the Contractor will be required to prepare detailed traffic control plans for review and approval by the City prior to construction.

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Task 2.3 Drainage Report
A Drainage Report will be prepared for the project to analyze and size the proposed drainage infrastructure. The drainage report will include the following sections: Introduction, methodology, hydrologic and hydraulic analysis, and conclusions/recommendations. The report will be prepared in accordance with the City’s standard for the preparation of drainage studies in effect at the time of execution of this contract. Although the project is expected to result in an increase in impervious area and an associated increase in peak flow rate, mitigation (detention) is assumed to be unwarranted since the project drains directly to the back basin and portions of the project are within the floodplain.

Task 2.4– Opinion of Probable Construction Cost (OPCC)
The Consultant will prepare an OPCC as part of each PS&E submittal. The OPCC will be presented to show the proposed bid items, unit prices, contingencies, and an overall cost.

Task 2.5 – Technical Special Provisions
The Consultant will prepare Technical Special Provisions as part of each PS&E submittal. The Technical Special Provisions will be prepared in 2021 “Greenbook” format. The Consultant will also utilize City provided special provisions as necessary. Additional source documents may be used by the Consultant for project features not covered by the City special provisions or Greenbook. It is assumed the City will prepare the Upfront Special Provisions and provide a template for the Technical Special Provisions.

Task 2.6 – Geotechnical Investigation
The Consultant will perform site exploration by advancing up to four (4) exploratory borings along the trail alignment. It is anticipated that two (2) borings, to a depth of 25 feet, will be made in the vicinity of the proposed retaining wall, and one (1) boring, to a depth of 50 feet, will be made on each side of the proposed bridge. The borings will be drilled with truck-mounted hollow-stem auger drilling equipment to the target depths or to practical refusal, whichever is first encountered.

Representative soil samples will be collected for laboratory analysis. Laboratory analysis is anticipated to include unit weight, moisture content, sieve analysis, plastic index, consolidation, direct shear strength, maximum density, optimum moisture content, corrosivity, and R-value.

Based on the field exploration and laboratory analysis, a draft and final Geotechnical Investigation report will be prepared. The report will include the following: site geology, surface conditions, subsurface conditions, groundwater, seismicity and seismic hazards, scour, corrosion, foundations, retaining wall, embankment fills, temporary slopes and excavations, lateral earth pressure, and general grading and earthwork.

It is assumed that no encroachment permit(s) or fees will be required to perform the field exploration, and that adequate site access will be provided by the City.

It is further assumed that the geotechnical exploration will not occur during the avian breeding season (January 15th through September 15th) and will occur in non-sensitive areas that do not require additional environmental permitting and resource agency coordination. As such, no pre-construction nesting bird surveys and/or biological monitoring are included. Similarly, it is assumed that no archeological and/or Native American monitoring during the geotechnical exploration will be required.

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Task 2 – Deliverables:
 Construction Plans (24”x36”) (PDF format)
 Draft and Final Drainage Report (PDF format)
 OPCC (PDF format)
 Technical Specifications (Word format)
 Draft and Final Geotechnical Report (PDF format)
Task 3 – Transportation Project Guidance Document
CRA will prepare a Transportation Project Guidance Document in accordance with the Riverside County Santa Ana Region MS4 Permit. The report will document the implementation of LID principles and BMPs to the extent practicable. It is assumed this project will be considered Category 4 since it is a new Class I bikeway.

Task 3 – Deliverables:
 Draft and Final Transportation Guidance Document (PDF format) Task 4 – Agency and Utility Coordination
Task 4.1 – Coordination with Agencies and Utilities
The Consultant will submit the 75% and 100% plans developed under Task 2 for conflict check to the utility providers located in the project area. These are assumed to be: EVMWD, Crown Castle, SoCal Edison, Frontier Communications, Spectrum, and SoCal Gas. The Consultant will attend up to three (3) virtual meetings with utility provider staff to coordinate the conflict review(s). It is assumed that any required utility relocations will be shown on a Utility Relocation Plan sheet within the construction documents developed under Task 2. It is assumed that utility impacts will be limited to one (1) EVMWD fire hydrant relocation and EVWMD sanitary sewer manhole adjustments to grade.

Task 4.2 – Utility Certifications
The Consultant will prepare a Caltrans Utility Certification Liability Package for the project. It is anticipated that this package will include Notice to Owners, Utility Agreements (if necessary), Utility Relocation Plans (if necessary), and Reports of Investigation.

Task 4 - Deliverables:
 Caltrans Utility Certification Liability Package
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Task 5 – Right-of-Way Support
The Consultant will provide the City with right-of-way support services to assist in securing right-of-way actions from these four (4) properties.

APN Owner Full or Partial Acquisition TCE
371-100-020 Phyllis L Partial Yes
371-100-003 Tsun Full No
370-120-001 NP Lake Elsinore Commerce, LLC Partial Yes
370-120-063 Recently sold by Prebble Partial Yes
It is understood that the trail will not be located within the EVMWD sanitary sewer easement between Stoneman Street and Skylark Drive.

Task 5.1 – Property Owner Outreach (Project Introduction Letters) The Consultant will prepare a “Project Introduction Letter” based on a provided City template for each of the four (4) affected properties. The draft letters will be provided to the City for review and comment.

The Consultant will mail the final version of each letter to each of the affected properties.

Task 5.2 –Legal Description, Plat Maps, and Title Reports The Consultant will prepare up to four (4) plat map and legal descriptions to support the proposed rightof-way acquisitions. The Consultant will obtain preliminary title reports for each of the four (4) affected properties. The Consultant will review these documents to verify ownership and identify incumbrances.

Prior to preparing the plat maps and legal descriptions, the Consultant will prepare up to one (1) revision to the previously prepared private property acquisition maps for City review and approval.

Task 5.3 – Appraisal Coordination
The Consultant will prepare estimates and opinions of value for the affected properties and will prepare one (1) appraisal report for each. The appraisals will conform to the Uniform Standards of Professional Appraisal Practice (USPAP), the Appraisal Institute’s Code of Ethics, and federal policies and regulations, where applicable. Additionally, the Consultant will coordinate with a third-party appraiser to complete an independent appraisal review.

Assumptions:
 Appraisals will not be required for the EVMWD sanitary sewer easement.  Appraisal summary statements will be provided for each appraisal.  Appraisals will only evaluate land value and assumes no damages to property improvements.  It is assumed that Phase II Site Assessments will not be required.  It is assumed that the appraisal reviews will not be conducted as desk reviews.

Task 5.4 – Offer Package Preparation and Property Rights Acquisitions/Negotiations The Consultant will perform acquisition negotiation services to acquire rights to the four (4) impacted properties. The Consultant will assist the City in developing right-of-way documents in accordance with the City’s right-of-way procedures manual. The Consultant will draft the acquisition documents using City-approved forms for pre-acquisition review prior to offers being made to the property owners. It is assumed each negotiation will start with an in-person presentation of the purchase offer, if feasible.

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The Consultant will make note of communicated property owner issues, concerns, and differences, and will document that information in the individual parcel negotiation diary. The Consultant will work with City staff throughout the negotiation process until settlement is reached.

As part of this task, the Consultant will:
 Prepare offer letters, summary statements, and a list of compensable items, in accordance with state or federal regulations.
 Present a written purchase offer to each owner or their representative.  Communicate and negotiate with each property owner.
 Prepare and assemble acquisition contracts, deeds, and related acquisition documents required for the acquisition of the necessary property interests.  Prepare impasse letters, as needed.
 Provide the necessary documents and diary logs for litigation support in the event an acquisition is unable to be settled via voluntary means.
 Transmit closed acquisition documents to the City.

The Consultant will perform quality assurance to ensure that the acquisition files adhere to local, state, and federal laws and regulations, as well as being compliant with federal Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA) requirements.

Assumptions:
 The four (4) affected properties will be acquired within twelve months from notice to proceed.  Relocation assistance will not be required and would only be provided as an additional service.  Eminent domain support assumes that impasse letters, copies, and owner files and diaries will be provided to the City’s attorney. Additional eminent domain services, including but not limited to deposition, court testimony, and providing expert witness services will not be required and would only be provided as an additional service.

Task 5.5 – Escrow Coordination (Optional Scope)
If authorized by the City, the Consultant will assist with obtaining signatures on agreement documents and process property owner payments through the City for closings. Once the acquisition agreement(s) signatures are obtained from the property owner and the City, the Consultant will open escrow with the City’s preferred escrow company. The Consultant will oversee escrow instructions and will deliver them to the City for approval. The Consultant will coordinate payment between the Grantor, City, and the Escrow Company. Additionally, the Consultant will assist in obtaining signatures on other necessary documentation such as grant deeds and temporary construction easement deeds to convey title.

Task 5.6 – Caltrans Right-of-Way Certification
The Consultant will assist the City in obtaining right-of-way approval or certification documenting that real property interests have been secured and that the right-of-way activities were conducted in accordance with the applicable policies and procedures. During this process, the Consultant will coordinate and attend certification planning activities, and meet with the City and project stakeholders to determine project requirements. The Consultant will prepare the Caltrans certification submittal package that will contain the certification form and the necessary completed backup documents. This is assumed to generally include deeds, resolutions of necessity, final orders of condemnation, access DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

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agreements, cooperative agreements and permits and utility documents. The Consultant will evaluate right-of-way process for correctness and consistency following the Caltrans review check-off.

Task 5 – Deliverables (for the four (4) affected properties):
 Project introduction letters (mailed to each owner).
 Preliminary title reports (PDF format).
 Plat and legal descriptions (PDF format).
 Appraisal reports and independent appraisal review reports (PDF format).  Acquisition offer document packages (PDF format).
 Acquisition documents (PDF format).
 Administration settlement memorandums, as applicable (PDF format).  Impasse letters, where applicable (PDF format).
 Escrow documentation (PDF format).
 Final title policy (PDF format).
 Caltrans certification forms and documents (PDF format).

Task 6 – Environmental Support
Task 6.1 – Compensatory Mitigation Support
The Consultant will assist the City in mitigation planning and implementation. It is assumed that compensatory mitigation will solely include the purchase of off-site mitigation credits from the Riverpark Mitigation Bank or alternative agency-approved bank. Under this task the Consultant will assist the City, as requested and to the extent budgeted, during continued mitigation negotiations with the regulatory permitting agencies (U.S. Army Corps of Engineers [USACE], Regional Water Quality Control Board [RWQCB], and California Department of Fish and Wildlife [CDFW], collectively).

Task 6.2 – Fencing and Signage Plans
As part of the Construction Plans developed under Task 2.2, the Consultant will prepare Fencing and Signage Plans as follows:

Fencing and Signage Plan / Fencing and Signage Notes and Details The Consultant will prepare a fencing and signage plan, and associated details, to depict the location and materiality of the proposed wood fencing, gates, environmental signage, anti-littering signage, wayfinding signage, and kiosks. It is assumed the kiosk will include an orientation map and interpretive signage and the environmental and anti-littering signage will be consistent with the proposed wayfinding signage design described below.

Prior to preparing the construction details, conceptual illustrations for the kiosk and signs, and a material selection board for the fence and gates, will be prepared for City review. The conceptual illustrations and material selection board will be typical for the purpose of establishing a comprehensive approval for the aesthetic and materials of these elements. One (1) concept illustration will be created for the kiosk and each sign type. It is assumed that revisions to the conceptual illustrations will be incorporated into the 75% Construction Plans, and that a preferred fence and gate type will be selected prior to beginning the 75% design.

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Based on the approved conceptual illustrations, the kiosk and signage construction details will depict the following information: message schedule, control dimensions, materials, finishes, typestyles, color specifications, and elevations (where appropriate). Copy layouts, camera-ready artwork/patterns, sections, and other information is assumed to be provided by the sign fabricator as part of the shop drawing submittal.

Wayfinding Notes and Details
The Consultant will prepare notes, details, and messaging for the proposed wayfinding signage. It is assumed the wayfinding signs will be developed in accordance with the design intent portrayed in the ActiveLE Plan.

Prior to preparing the construction details, conceptual illustrations of the wayfinding signage will be prepared for City review. It is assumed the wayfinding signage types will include: confirmation signs, turn / off-trail signs, and decision signs. The conceptual illustrations will be typical for the purpose of establishing a comprehensive approval for the aesthetic and materials of the wayfinding signs. One (1) concept illustration will be created for each wayfinding sign type. It is assumed that revisions to the conceptual illustrations will be incorporated into the 75% Construction Plans.

The wayfinding construction details will depict the following information: message schedule, control dimensions, materials, finishes, typestyles, color specifications, and elevations (where appropriate). Copy layouts, camera-ready artwork/patterns, sections, and other information is assumed to be provided by the sign fabricator/Contractor as part of the shop drawing submittal.

Task 6.3 – Paleontological Resource Surveys
As a subconsultant to Helix, Material Culture Consulting (MCC) will perform research to determine the paleontological and geological context of the project area, including reviews of available published geologic maps, scientific literature, and online paleontological databases. Additionally, a paleontological records search will be requested from the Western Science Center to identify known fossil localities within the project boundaries, and localities from similar deposits within a one-mile radius. MCC will conduct a paleontological field survey of the project site, which is assumed to be completed by one paleontologist in one eight-hour day.

This background research will be used to determine the paleontological potential of the geologic units within the project area, including those that may be encountered in the subsurface. The project area will be mapped onto high-resolution geologic maps available and overlain with the paleontological potential rankings for ease of reference. The results of the paleontological study will be compiled in a memorandum that complies with applicable local and state regulations. The paleontological memorandum will include recommendations for further paleontological tasks, if any, which would be performed as an additional service.

Task 6.4 – Paleontological Resources Monitoring and Treatment Plan Prior to the commencement of project-related ground-disturbance, MCC will prepare a Paleontological Resources Impact Mitigation Program (PRIMP) to guide paleontological monitoring efforts. The PRIMP will also include an inadvertent discovery protocol that will provide a framework for the treatment of inadvertent discovery of paleontological resources during construction.

DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

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Task 6.5 – MHSCP and DBESP Updates
It is understood that between Stoneman Street and Skylark Drive the trail will no longer be located within the EVMWD sanitary sewer easement, and will instead run immediately north of, and adjacent to, the easement; within an area that was previously studied during the PA/ED phase. As such, the Consultant will update the project’s: Multiple Species Habitat Conservation Plan (MHSCP), Biological Technical Report, and Determination of Biologically Equivalent or Superior Preservation (DBESP) documents, as applicable. The revised documents will be routed to City staff for one (1) round of revision prior to submitting to the resource agencies as part of the environmental permitting package. It is anticipated that this revised trail alignment will encroach into additional sensitive resources (smooth tarplant and riparian habitats). Updates to these documents based on criteria other than the trail realignment as stated above is not included in this task. Re-validation of existing conditions or field survey to document areas beyond the previously studied area is not included in this task.

Task 6.6 – Final MND Addendum 1
To document the new trail alignment between Stoneman Street and Skylark Drive and the associated updates to the project’s mitigation measures, the Consultant will prepare an administrative Addendum to the Final Mitigated Negative Declaration (MND) that was developed during the PA/ED phase. A draft administrative Addendum will be routed to City staff for one (1) round of review prior to finalizing. Upon finalizing, the Consultant will assist the City with processing the administrative Addendum. It is understood that a public review period is not required.

Task 6.7 – Regulatory Permits
The Consultant will provide support to the City for the preparation of permit application packages and processing the required permits with the regulatory agencies, as follows. It is assumed that the no new field surveys or validations will be required.

Prior to submittal to the USACE, RWQCB, and CDFW, the Consultant will submit an electronic copy of the draft permit application materials to the City for review. The Consultant will revise the draft permit application materials based on one (1) set of consolidated comments provided by the City. The Consultant will then finalize the permit application materials and submit electronic copies of the final permit application materials to the appropriate regulatory agencies.

Aquatic Resource Delineation Report
The Consultant will prepare an aquatic resource delineation report (ARDR) for the project based on the field data obtained by the Consultant in 2020 and 2021. The ARDR will be prepared in conformance with current regulatory standards in reporting on existing waters of the U.S. subject to the regulatory jurisdiction of the USACE pursuant to Clean Water Act Section 404, waters of the State subject to the regulatory jurisdiction of the RWQCB pursuant to CWA Section 401 and State Porter-Cologne Water Quality Act (Porter-Cologne), streambed and riparian habitat subject to the regulatory jurisdiction of the CDFW pursuant to California Fish and Game Code (CFG Code) Sections 1600 et seq. The report will describe the delineation methods, existing agency jurisdiction, and applicable regulations.

DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

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Agency Pre-Application Meeting and Liaison
As requested and to the extent budgeted, the Consultant will assist the Client in coordinating and attending up to three (3) pre-filing meetings with the USACE, CDFW, and/or RWQCB to discuss the project, present the jurisdictional delineation findings, and establish the course for project permitting.

Clean Water Act Section 404 Nationwide Permit
Based on the PA/ED design, it is assumed that the project will qualify for the preparation and submittal of a Request for Nationwide Permit 14 (Linear Transportation Projects) Verification package to the USACE. The Consultant will prepare the following draft materials as part of the 404 permit: cover letter, Pre-Construction Notification, and additional pages. The Consultant also will submit the ARDR and previously-prepared documentation addressing Endangered Species Act compliance (e.g., MSHCP Consistency Report, etc.), National Historic Preservation Act Section 106 compliance (e.g., Cultural Resources Technical Report, Historical Resources Technical Report, etc.), California Environmental Quality Act (CEQA) documentation, and a description of the project.

CWA Section 401 Request for Water Quality Certification Based on the PA/ED design, it is assumed that the project will require the preparation and submittal of a Request for Clean Water Act 401 Water Quality Certification application to the RWQCB for impacts to waters of the State. Any isolated waters of the State subject to Waste Discharge Requirements pursuant to the State Porter-Cologne Water Quality Control Act are assumed to also be incorporated into the 401 Water Quality Certification. Issuance of a 401 certification by the RWQCB or demonstration that the RWQCB did not take action on the certification request is a material part of fulfilling the conditions of the CWA Section 404 Nationwide Permit.

According to the new regulatory procedures by the RWQCB, the permitting efforts also will require an alternatives analysis relative to the spatial and functional impact of the project. Based on the PA/ED design, the Consultant anticipates the project would be considered a Tier I or Tier II project, which requires on-site evaluations of avoidance, minimization, and impact alternatives. The Consultant will prepare the following draft materials as part of the 401 request: cover letter, Request for Water Quality Certification application form, ARDR, and a Tier I or Tier II alternatives analysis. The Consultant will also submit the project’s CEQA documentation, Transportation Project Guidance Document (Water Quality Management Plan), Drainage Report (as applicable), project description, and the plans for permanent Best Management Practices. The Consultant assumes that the City is responsible for the required application and other fees necessary for submittal to the RWQCB.

California Fish and Game Code Section 1602 Notification of Lake or Streambed Alteration Based on the PA/ED design, it is assumed that the project will require the preparation and submittal of a Standard 5-year Section 1602 Streambed Alteration Agreement request to the CDFW for impacts to jurisdictional streambed and/or riparian habitat. The Consultant will prepare the following draft materials as part of the 1602 agreement request: cover letter, Notification of Lake or Streambed Alteration application form, ARDR, and DBESP. The Consultant will also submit the project’s CEQA documentation, which will be required by the CDFW before the 1602 agreement can be issued. A DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

Page 11 of 12 ends

standard application fee is also required by the CDFW. It is assumed that the City is responsible for the required application and other fees necessary for submittal to the CDFW.

Regulatory Permit Processing
Once permit applications are submitted to the appropriate regulatory agencies, as requested and to the extent budgeted, the Consultant will provide support to the City during agency processing of permit application materials. It is assumed that the City will elect the Consultant to serve as the primary point of contact for the regulatory agencies and will lead coordination efforts. Specific support tasks expected to be provided by the Consultant include performing outreach to the agencies via phone and e-mail correspondence; coordinating with the City and project team regarding additional information needs during permit processing; and preparing additional information in response to agency comments.

Task 6.8 – Graphic Simulations
To support the environmental regulatory permitting, the Consultant will prepare one (1) photo simulation of the trail and one (1) plan view illustration of the trail. The location of each graphic will be coordinated with the City prior to commencement. It is assumed that prior to the graphics being submitted to the resource agencies that one (1) round of revisions based on City comments will be performed. It is also assumed that one (1) round of revisions to the graphics based on resource agency review will be performed.

Task 6.9 – Environmental Re-Validation and Update(s) to Mitigation, Monitoring, and Reporting Program (MMRP)
As part of the project’s PA/ED phase, the City adopted a Final Initial Study/Mitigated Negative Declaration (IS/MND) and a Mitigation Monitoring and Reporting Program (MMRP) in compliance with the California Environmental Quality Act (CEQA). Unless otherwise stated in the Scope of Services, it is assumed that preparation of subsequent CEQA documentation for the project will not be required.

During the PS&E phase the Consultant will review and evaluate the project design refinements to 1) confirm/re-validate that the conclusions and mitigation measures, as identified in the adopted Final IS/MND and MMRP, remain applicable, and 2) determine whether the potential exists for the project to result in any new significant environmental effects or substantially increase the severity of previously identified significant effects. The Consultant will prepare a brief CEQA re-validation memorandum summarizing the results of this review as part of the administrative Addendum described in Task 6.6.

If required, the Consultant will update the MMRP to reflect the changes made to the mitigation measures identified in the adopted Final IS/MND and MMRP due to design refinements and/or specific requirements contained in the regulatory permits to be obtained for the project (as part of Task 6.7).

The updated MMRP will be revised one (1) time before being finalized.

Task 6 – Deliverables:
 Draft and Final Paleontological Resource Assessment memorandum (MS Word and PDF formats)  Draft and Final PRIMP (MS Word and PDF formats)
 Draft and Final ARDR (MS Word and PDF formats)
DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

Page 12 of 12 ends

 Draft and Final MHSCP and DBESP (PDF format)
 Draft and Final MND administrative Addendum (PDF format)  Graphic Simulations (PDF format)
 Draft and Final permit application packages (PDF format)  Draft and Final CEQA Re-validation memorandum (MS Word and PDF formats)  Draft and Final MMRP, if required (MS Word and PDF formats) Additional Services
Any services not specifically described in the above scope, as well as any changes in the scope the Client requests, will be considered Additional Services and will be performed at our then-current hourly rates.

Prior to commencing the Additional Services, Consultant shall obtain prior written approval from the Client. Additional services we can provide include, but are not limited to, the following:
 Attendance at additional meetings beyond those identified in the Scope of Services.  Providing any other services not expressly included in the Scope of Services.  SWPPP or Water Pollution Control Plan.
 Erosion Control plans.
 Traffic Control plans.
 Visual renderings beyond those identified in the Scope of Services.  Permanent irrigation design.
 Construction Plans beyond those identified in the Scope of Services.  Lighting and electrical design.
 Franchise utility studies and/or design.
 Water or sanitary sewer design beyond one (1) temporary irrigation water service, one (1) fire hydrant relocation, and adjusting sanitary sewer manholes to grade.  Custom bridge design.
 Utility potholing.
 Preparation of technical studies not included in the Scope of Services.  Bid and Construction Services.
 Hazardous and remediation services.
 Phase II Site Assessments.
 Environmental study or analysis beyond those identified in the Scope of Services.  Cultural Resources Monitoring Plan (mitigation measure CUL-2).  Environmental field studies.
 Payment of any fees.

Information Provided By Client
We shall be entitled to rely on the completeness and accuracy of information provided by the Client.

The Client shall provide information requested by CR Associates during the project.

Project Schedule
We will provide our services as expeditiously as practicable to meet a mutually agreed upon schedule.

Compensation
Chen Ryan will perform the scope of services outlined above on a lump sum basis in accordance with the Fee Schedule.

DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7 Senior Project Principal Principal Senior Senior Project Senior Utility Professional Manager Professional Analyst II Analyst I Support President Assoc Sr PM Sr Designer Designer Biologist Planner Prof Scientist Tech Manager R/W Agent R/W Agent Coordinator Controller Task Description $296.92 $247.43 $179.80 $138.56 $117.12 $90.00 $227.82 $149.24 $110.26 $96.47 $90.79 $338.51 $242.65 $227.10 $154.56 $127.88 $168.12 $121.90 $88.27 $98.06 $138.72 Task 1 - Project Management and Meetings 6 68 38 20 0 0 4 10 0 0 0 6 6 0 8 0 0 0 0 12 0 $ - $ 36,514.20

1.1 Kick-off Meeting 2 2 2 2 2 2 2 $ - $ 3,048.02

1.2 Monthly Meetings (12 Months) 12 18 2 8 4 4 8 12 $ - $ 12,592.96

1.3 Schedule and Progress Reports 6 $ - $ 1,484.58

1.4 Presentation to PC and CC (Up to 2 Total) 12 6 6 $ - $ 4,879.32

1.5 Project Management 6 36 12 12 $ - $ 14,509.32
Task 2 - Plans, Specifications, and Estimate - 75% and 100% 22 120 168 230 78 24 18 40 40 138 161 2 0 4 0 0 0 0 0 0 0 $ 46,710.00 $ 200,300.63

2.1 Field Walk 8 8 8 8 $ - $ 6,434.32

2.2 Construction Plans 16 82 110 144 78 10 28 40 126 161 $ 20,535.00 AARK $ 132,080.71

2.3 Drainage Report 2 10 32 54 24 $ - $ 18,463.98

2.4 Opinion of Probable Construction Cost 2 4 6 24 4 12 $ - $ 7,742.40

2.5 Technical Special Provisions 2 12 8 4 $ - $ 5,555.64

2.6 Geotechnical Investigation 4 4 4 2 4 $ 26,175.00 Inland $ 30,023.58 Task 3 - Transportation Project Guidance Document 2 8 12 22 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ - $ 8,319.20

3.1 Transportation Project Guidance Document 2 8 12 22 6 $ - $ 8,319.20 Task 4 - Agency and Utility Coordination 0 26 16 10 14 0 0 4 0 0 0 0 0 0 0 0 8 0 0 40 0 $ - $ 18,199.58

4.1 Coordination with Agencies and Utilities 16 8 6 10 4 4 24 $ - $ 11,022.72

4.2 Utility Certification 10 8 4 4 4 16 $ - $ 7,176.86
Task 5 - Right-of-Way Support 0 30 28 24 0 0 0 0 0 0 0 0 0 0 0 0 58 96 126 0 5 $ 18,030.00 $ 67,081.72

5.1 Property Owner Outreach (Project Introduction Letters) 4 2 4 2 8 $ - $ 3,215.00

5.2 Legal Description, Plat Maps, and Title Reports 4 6 4 4 8 $ 18,030.00 Geocentric $ 22,300.44

5.3 Appraisal Coordination 6 6 4 4 4 4 $ - $ 4,630.78

5.4 Offer Package Preparation and Property Rights Acquisitions/Negoatations 6 6 4 44 60 90 5 $ - $ 26,466.80

5.5 Escrow Coordination (Optional Scope) 4 2 4 2 4 20 $ - $ 4,492.80

5.6 Caltrans Right-of-Way Certification 6 6 4 2 12 12 $ - $ 5,975.90 Task 6 - Environmental Support 0 66 68 62 12 2 2 4 10 20 20 88 36 204 182 112 0 0 0 0 0 $ 34,790.00 $ 206,728.50

6.1 Compensatory Mitigation Support 8 6 4 36 $ - $ 15,798.84

6.2 Fencing and Signage Plans 6 6 12 12 2 2 $ 25,550.00 Graphic
Solutions
$ 32,312.76

6.3 Paleontological Resource Surveys 8 4 4 4 2 $ 6,775.00 Material Culture
Consulting
$ 11,452.68

6.4 Paleontological Resources Monitoring and Treatment Plan 8 4 4 4 2 $ 2,465.00 Material Culture
Consulting
$ 7,142.68

6.5 MHSCP and DBESP Updates 6 6 4 6 30 30 12 $ - $ 18,133.04

6.6 Final MND Addendum 1 4 2 2 4 46 $ - $ 8,879.42

6.7 Regulatory Permits 12 30 18 40 168 150 50 $ - $ 92,128.44

6.8 Graphic Simulations 6 6 12 2 2 4 10 20 20 $ - $ 10,306.50

6.9 Environmental Re-Validation and Update(s) to Mitigation, Monitoring, and Reporting Program (MMRP) 8 4 4 2 24 2 4 $ - $ 10,574.14 Expenses $ 7,000.00 $ 1,000.00 $ 20,800.00 $ 28,800.00
All Tasks Total 30 318 330 368 104 32 24 58 50 158 181 96 42 208 190 112 66 96 126 52 5 $ 99,530.00 $ 565,943.83 Other Sub Cost Sub Name
Epic Land Solutions
Murrieta Creek Trail PS&E
9/2/2022
CR Associates
CR Associates Schmidt Design Group Helix Environmental
Cost
CR Associates
Murrieta Creek Trail PS 9/2/2022
DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

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CITY OF LAKE ELSINORE

TO BE POSTED IN A CONSPICUOUS PLACE
Business Name:

Business Location:

Owner Name(s):

BUSINESS LICENSE NO.

Issue Date:

Description:

Expiration Date:

BUSINESS LICENSE
THIS IS YOUR LICENSE • NOT TRANSFERABLE
3900 5TH AVE STE 310 Business Type:

Administrative Services - Licensing
130 South Main Street, Lake Elsinore, CA 92530
PH (951) 674-3124
CHEN RYAN ASSOCIATES, INC.

MONIQUE CHEN

PROFESSIONAL/ENGINEERS

TRAFFIC ENGINEERING, DESIGN &

TRANSPORTAION PLANNING
024247
9/1/2022 8/31/2023
Starting January 1, 2021, Assembly Bill 1607 requires the prevention of gender-based discrimination of business establishments. A full notice is available in English or other languages by going to: https://www.dca.ca.gov/publications/ DocuSign Envelope ID: 91A88BF1-DF5A-43DD-A8CD-007A0D54C5D7

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Rick De Santiago, Public Works Manager
Date: August 25, 2026
Subject: Purchase of One (1) Crew Cab Truck
Recommendation
Approve and authorize the City Manager to execute a Purchase Order with Moss Brothers for the purchase of one (1) crew cab truck in an amount not to exceed $64,622.44 in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $6,462 for unanticipated costs.

Background
The Public Works Department requires reliable, multi-passenger vehicles capable of transporting crews, tools, and equipment to various job sites throughout the City. Current fleet units assigned to field crews are aging, increasingly unreliable, and lack the seating capacity needed for efficient team deployment.

To address these operational needs, staff evaluated available fleet options and identified a crew cab truck offered by Moss Brothers Chevrolet that meets the City’s requirements for capacity, durability, and performance.

Discussion
The proposed crew cab truck provides several key advantages for Public Works operations:
 Seating for 5-6 passengers, allowing the full crew to travel together.  Durable cargo bed suitable for hauling tools, materials, and supplies.  Towing capability is appropriate for demanding job sites, including transport of trailers, equipment, and heavier loads.
 Improves response efficiency for maintenance, construction support, and emergency operations.
 Aligns with the City’s ongoing efforts to modernize and maintain a dependable fleet.

Crew Cab Truck Purchase

Page 2 of 2 ends

Staff contacted three local companies for quotes and received the following:

Company Name Amount
Moss Brothers $64,622.44
Aaron Chevrolet $65,810.65
Diamond Chevrolet $68,134.06
Fiscal Impact
Funds are available in the City’s Fiscal Year 2026-27 Internal Service Fund.

Attachments
Attachment 1 – Quote

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: Candice Alvarez, MMC, Secretary
Date: August 25, 2026
Subject: Minutes of the Regular Successor Agency Meeting of August 11, 2026 Recommendation
Approve the Minutes
Attachments
Attachment 1 – Draft Minutes
City of Lake Elsinore Meeting Date:

City Council Meeting August 11, 2026
Minutes - Draft
Meeting Time:

Closed Session: 5:00 P.M.

Mayor Magee Open Session: 7:00 P.M.

Mayor Pro Tem Sheridan
Council Member Tisdale Cultural Center
Council Member Manos 183 N. Main Street
Council Member Carroll Lake Elsinore, CA 92530

1. CALL TO ORDER
The Regular Meeting of the City Council was called to order at 5:00 p.m.

2. ROLL CALL

Present: 5 - Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee

Absent: 0 - None

3. PUBLIC COMMENTS ON CLOSED SESSION ITEMS
There were no speakers.

4. CLOSED SESSION – 5:00 P.M.

4.1 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN’s 371-090-022, 003, 004, 371-150-010 & 371-160-007 Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and GMB Land, LLC/Steve Galvez Under negotiation: Price and terms of payment

4.2 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN’s 363-130-060 and 363-130-054
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Chen J Chen Under negotiation: Price and terms of payment
City Council Minutes - Draft August 11, 2026
City of Lake Elsinore Page 2

4.3 CONFERENCE WITH LEGAL COUNSEL--EXISTING LITIGATION
(Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: DS & RS Investment LLC, et al. v. City of Lake Elsinore, et al.; Riverside Superior Court Case No. CVME2402627

4.4 CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
(Existing litigation pursuant to paragraph (1) of subdivision (d) of Gov’t Code Section 54956.9
Name of case: City of Lake Elsinore v Harry E. Mitchell, Debra Mitchell, and Administrator of the Estate of Harry Edward Mitchell; and All Persons Unknown Claiming an Interest in the Property Commonly Described as 164 Main Street, Lake Elsinore, California (Case Number: CVRI2102535)

5. RECESS
The City Council recessed into Closed Session at 5:01 p.m.

6. RECONVENE/CALL TO ORDER - 7:00 P.M.

The Regular Meeting of the City Council reconvened and the Regular Meeting of the Successor Agency was called to order at 7:00 p.m.

7. PLEDGE OF ALLEGIANCE
Mayor Magee led the Pledge of Allegiance.

8. ROLL CALL

Present: 5 - Council/Agency Members Tisdale, Manos, and Carroll; Mayor Pro Tem/Vice Chair Sheridan; and Mayor/Chair Magee

Absent: 0 - None

9. CLOSED SESSION REPORT
City Attorney Leibold reported that all four items were discussed; however, no reportable action was taken.

10. PRESENTATIONS/CEREMONIALS

10.1 CalFire 2026 Second Quarter Statistical Update
This item was continued to August 25, 2026.

11. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
Leo Zoller and Nick Fitch were called to speak.

City Council Minutes - Draft August 11, 2026
City of Lake Elsinore Page 3

12. CITY COUNCIL CONSENT CALENDAR
Moved by Council Member Manos, seconded by Mayor Pro Tem Sheridan to approve the City Council Consent Calendar with Agenda Item No. 12.6 and 12.7 being removed for discussion. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)

12.1 Minutes of the Regular City Council Meeting of July 28, 2026 Approve the Minutes.

This item was approved on the City Council Consent Calendar.

12.2 CC Warrant Report Dated June 29, 2026 to July 5, 2026 Receive and file.

This item was approved on the City Council Consent Calendar.

12.3 CC Warrant Report Dated July 6, 2026 to July 12, 2026 Receive and file.

This item was approved on the City Council Consent Calendar.

12.4 Amendment No. 1 to the Short Form Purchase of Service Contract with Principal Interest for Security Services at the New City Hall Construction Site (CIP Project No. Z20006)
Approve and authorize the City Manager to execute Amendment No. 1 to the Short Form Purchase of Service Contract with Principal Interest for Security Services at the new City Hall construction site (CIP Project No. Z20006) for an additional amount not to exceed $50,544.00 in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft August 11, 2026
City of Lake Elsinore Page 4

12.5 Amendment No. 1 to the Law Enforcement Agreement with the County of Riverside Sheriff’s Department for Law Enforcement Services Approve and authorize the Mayor to execute Amendment No. 1 to the Law Enforcement Agreement with the County of Riverside Sheriff's Department for Law Enforcement Service to amend the Level of Service in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

12.6 Public Works Agreement with Precision Works, Inc. for the Demolition of the Building Located at 164 S. Main St.

Approve and authorize the City Manager to execute a Public Works Construction Agreement with Precision Works, Inc. in an amount not to exceed $198,000.00 for the demolition of the building located at 164 S. Main St., in such final form as approved by the City Attorney, authorize the City Manager to execute change orders not to exceed the 10% contingency amount of $19,800.00, and authorize the City Clerk to record the Notice of Completion once work is completed.

This item was removed from the City Council Consent Calendar for discussion.

12.7 Frontier Foodservice purchase for the Design, Purchase, and Installation of Kitchen Appliances for the New City Hall Rooftop (CIP Project No. Z20006) Approve and authorize the City Manager to purchase from Frontier Foodservice services and equipment for the Design, Purchase, and Installation of the Kitchen Appliances for the New City Hall Rooftop in an amount not to exceed $147,375.96; authorize the City Manager to execute Change Orders not to exceed a 10% contingency amount of
$14,737.00 for uncertainties and adjustments.

This item was removed from the City Council Consent Calendar for discussion.

12.8 Purchase of Real Property located at the northeast corner of Main Street and Prospect Street for Downtown Parking (APN 373-151-014)
Approve the purchase of a vacant parcel of real property located at the northeast corner of Main Street and Prospect Street for downtown parking purposes for a purchase price of $135,000, plus closing costs, and authorize the City Manager to execute the Agreement For Purchase and Sale and Joint Escrow Instructions and such other ancillary documents as may be necessary to complete the purchase, in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft August 11, 2026
City of Lake Elsinore Page 5

12.9 Biennial Review of the Conflict of Interest Code
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING RESOLUTION NO. 2024-47 UPDATING THE CITY OF LAKE ELSINORE CONFLICT OF INTEREST CODE.

This item was approved on the City Council Consent Calendar.

12.10 City Voting Delegate and Alternate for the 2026 League of California Cities Annual Conference
Appoint Council Member Manos as the City’s Voting Delegate and City Manager Simpson as the City's Alternate Voting Delegate for the 2026 League of California Cities Annual Conference to be held in Anaheim, CA, September 23-25, 2026.

This item was approved on the City Council Consent Calendar.

12.11 Amendment No. 2 to the Agreement with GEI Consultants, Inc. for Lake Water Quality Testing & Reporting
Approve and authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement with GEI Consultants, Inc. for lake water quality testing and reporting for an additional amount of $50,000 for a new not to exceed amount of $200,000 in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

12.12 Notice of Decision – Planning Commission Approval of Planning Application No. 2026-04 for a Conditional Use Permit to Legalize an Existing Cattery Located in a Residential Accessory Structure at 131 Via De La Valle Receive and file the Notice of Decision for Planning Application No. 2026-04 approved by the Planning Commission on July 21, 2026.

This item was approved on the City Council Consent Calendar.

12.13 Amendment No. 2 to Contractor Services Agreements for On-Call Geotechnical Services
Approve and authorize the City Manager to execute Amendment No. 2 to the Contractor Services Agreements with LOR Geotechnical Group, Inc. and ALTA California Geotechnical, Inc. for on-call geotechnical testing services to extend the terms for an additional 12 months in the amounts not to exceed $80,000 per fiscal year in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft August 11, 2026
City of Lake Elsinore Page 6

12.14 Approval of Parcel Map No. 39310 for Financing Purposes Approve Parcel Map No. 39310 for financing purposes, subject to the City Engineer's acceptance as being true and correct and authorize the City Clerk to sign the Parcel Map and arrange for its recordation.

This item was approved on the City Council Consent Calendar.

12.15 Professional Services Agreement with Fehr & Peers for Traffic Engineering Services to Evaluate the Alberhill Region
Approve and authorize the City Manager to execute a Professional Services Agreement with Fehr & Peers for Traffic Engineering Services to Evaluate the Alberhill Region in an amount not to exceed $50,000 in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $5,000 for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar.

12.16 Purchase of Two (2) Traffic Signal Bucket Trucks
Approve and authorize the City Manager to execute a Purchase Order with Altec Industries, Inc., for the purchase of two (2) Traffic Signal Bucket Trucks in an amount not to exceed $414,616.45 in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $41,461 for unanticipated costs.

This item was approved on the City Council Consent Calendar.

ITEMS REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR FOR DISCUSSION

12.6 Public Works Agreement with Precision Works, Inc. for the Demolition of the Building Located at 164 S. Main St.

City Attorney Leibold presented the staff report.

Ace Vallejos was called to speak.

City Council Minutes - Draft August 11, 2026
City of Lake Elsinore Page 7
Moved by Council Member Carroll, seconded by Mayor Pro Tem Sheridan to approve staff’s recommendation. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)

Ace Vallejos was called to speak.

Moved by Council Member Manos, seconded by Council Member Carroll to approve staff’s recommendation. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)

13. SUCCESSOR AGENCY CONSENT CALENDAR
Moved by Vice Chair Sheridan, seconded by Agency Member Manos to approve the Successor Agency Consent Calendar. The motion carried by the following vote:

Yes (5): Agency Members Tisdale, Manos, and Carroll; Vice Chair Sheridan; and Chair Magee
Absent (0): None
Carried (5 to 0)

13.1 Minutes of the Regular Successor Agency Meeting of July 28, 2026 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

City Council Minutes - Draft August 11, 2026
City of Lake Elsinore Page 8

13.2 SA Warrant Report Dated June 29, 2026 to July 5, 2026 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

13.3 SA Warrant Report Dated July 6, 2026 to July 12, 2026 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

14. PUBLIC HEARINGS

15. BUSINESS ITEMS

16. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES
Jeanie Corral, Adelia Libuszowski, Isaiah Acuna, Jamie Madden, Danielle Goking, Orquidea Wilcox, Briana Wilcox, Frances Mirabella, Michele Campbell, Daniel Miller, Ace Vallejos, and Ruben Villamil were called to speak.

17. CITY MANAGER COMMENTS
City Manager Simpson wished his wife a happy 30th anniversary.

18. CITY ATTORNEY COMMENTS
City Attorney Leibold clarified and addressed additional concerns regarding the Ambassador Hotel.

19. CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Carroll thanked the community for attending National Night Out on August 4, 2026 at McVicker Canyon Park.

Council Member Tisdale shared updates from the Homeless Task Force; highlighted the success of the "Boots in the Sand" event on August 8, 2026 at Launch Pointe; and congratulated his daughter, Lauren, on graduating from the U.S. Air Force boot camp.

Council Member Manos requested that the City Attorney draft a moratorium on data centers; spoke on the action taken on the Ambassador Hotel; reported on his attendance at the Airport Land Use Commission meeting; and spoke on the City's use of flock cameras.

Mayor Pro Tem Sheridan reminded the community that they may ride Riverside Transit Agency buses for 25 cents through August 31, 2026 and youth may ride free through December 31, 2027; and shared his participation in the Elsinore Valley Regional Pony Baseball Leadership & Certification weekend with Council Member Carroll.

City Council Minutes - Draft August 11, 2026
City of Lake Elsinore Page 9
Mayor Magee invited the community to attend and participate in the SCCA Autocross event August 15-16,2026 at Diamond Stadium; and announced the grand opening of the Ice Cave on August 23, 2026.

20. ADJOURNMENT
The Lake Elsinore City Council adjourned at 8:15 p.m. to the next Regular meeting of Tuesday, August 25, 2026 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.

Candice Alvarez, MMC
City Clerk

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: August 25, 2026
Subject: SA Warrant Report Dated July 13, 2026 to July 19, 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
JULY 13, 2026
TO JULY 19, 2026

CITY OF LAKE ELSINORE SA WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III 1,660.00 $
540 SARDA DIAMOND STADIUM 20,314.75
GRAND TOTAL 21,974.75 $
Attachment 1 1 OF 1
JULY 13, 2026
TO JULY 19, 2026

CITY OF LAKE ELSINORE SA WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA27000125 RP LANDSCAPE & IRRIGATION 1,660.00 $
12069 ENDRESEN DEVELOPMENT, INC. 20,314.75
GRAND TOTAL 21,974.75 $
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: August 25, 2026
Subject: SA Warrant Report Dated July 20, 2026 to July 26, 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
JULY 20, 2026
TO JULY 26, 2026

CITY OF LAKE ELSINORE SA WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
540 SARDA DIAMOND STADIUM 1,312.50 $
GRAND TOTAL 1,312.50 $
Attachment 1 1 OF 1
JULY 20, 2026
TO JULY 26, 2026

CITY OF LAKE ELSINORE SA WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
12109 PROSTAFF, LLC 1,312.50 $
GRAND TOTAL 1,312.50 $
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: August 25, 2026
Subject: SA Investment Report for July 2026
Recommendation
Receive and file the Investment Report for July 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. The review of the Investment Performance for the quarter ending June 30, 2026, is included.

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1 – Investment Report July 2026

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account $ 12,563,288 $ 64,242 $ (500,074) $ 12,127,456 Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 12,563,288 64,242 (500,074) 12,129,756

INVESTMENTS
Local Agency Investment Funds 69,142,558 - - 69,142,558 CAMP Investments:

CAMP Pool Account 679,582 - - 679,582.02
U.S. Treasury Bond / Note 26,758,925 - - 26,758,924.81
Municipal Bond / Note 200,000 - - 200,000.00
Federal Agency Commercial Mortgage-Backed Security 7,567,296 - - 7,567,296.20 Federal Agency Bond / Note - - - -
Corporate Note 15,081,934 - - 15,081,933.57
Certificate of Deposit - - - -
Bank Note 525,525 - - 525,525.00
Asset-Backed Security 6,773,368 - - 6,773,367.69
Sub-total Investments 126,729,188 - - 126,729,188
Market Value Adjustment:

Unrealized Gain/(Loss) at 07/31/2026 (135,787) - - (135,787) Total Investments 126,593,400 - - 126,593,400
Total Pooled Cash and Investments $ 139,156,689 $ 64,242 $ (500,074) $ 138,723,157 TOTAL POOLED CASH AND INVESTMENTS $ 138,723,157
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 09, 2026. 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 August 7, 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 JULY 31, 2026

FUND NO FUND NAME AMOUNT
100 General $ 9,498,024
102 Measure Z 22,188,494
106 Affordable Housing In Lieu 1,765,469
107 Developer Agreement Revenue 323,575
109 Road Maintenance and Rehabilitation (SB1) 2,399,370 110 State Gas Tax 1,561,024
111 TUMF C.I.P. 121,781
112 Measure A 1,969,289
114 SB1186 CASP Education Program 97,591
116 City Hall-Public Works DIF 102,466
117 Community Center DIF 722,067
118 Lake Side Facility DIF 414,074
119 Animal Shelter DIF 80,816
135 Lighting & Landscape Maintenance - Dist. No. 1 2,713,832 140 Geothermal 13,384
150 C.D.B.G. 266,663
160 PEG Grant 4,886
202 La Strada RBBD 27,298
203 E.L.S.P. - S.T.I.F. 3,849,426
205 Traffic Impact Fee 768,722
211 Storm Drain C.I.P. 2,277,771
221 Quimby Park C.I.P. 116,031
231 Library C.I.P. 876,661
232 City Fire Protection 1,645,010
300 Insurance Service 25,138
305 Information Systems Service 2,727,534
310 Support Service 41,452
315 Fleet Service 963,456
320 Facilities Service 3,024,330
331 CFD 2006-1CC Summerly Improvement Area CC 158,846
332 CFD 2006-1 Improvement Area B, Summerly 123,765
333 CFD 2015-4 Terracina 1,127,017
334 CFD 2015-5 Trieste - Far West Industries 120,589
335 CFD 2003-2E Canyon Hills Improvement Area E 144,933 336 CFD 2006-1FF Summerly Improvement Area FF 155,343
338 CFD 2006-1 IA-JJ Summerly Improvement Area 259,988
339 CFD 2006-1 IA-KK Summerly Improvement Area 198,055
340 CFD 2006-1 IA-EE Summerly Improvement Area 208,474
345 CFD 2003-2 Improvement Area D, Canyon Hills 1,655,660 346 CFD 2014-1 Southshore 66,231

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 JULY 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 JULY 31, 2026
347 CFD 2006-1 Improvement Area A, Summerly 187,632
350 CFD 98-1 Summerhill 1,010,553
351 CFD 2006-1 IA-II Summerly Improvement 325,831
354 CFD 90-2 Tuscany Hills 530
355 RAD 2021-1 Canyon Hills Improvement 1,180,863
357 CFD 2003-2 Canyon Hills Improvement Area 676,456
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 8,245 361 CFD 2022-2 Lakeshore Improvement 6,980
364 CFD 2023-2 Coastal Mission Trail Improvement 6,728
366 CFD 2005-6 City Center Townhomes 231,982
368 CFD 2006-2 Viscaya 353,589
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 1,137,870 370 CFD 2006-1 IA-HH Summerly Improvement 252,439
371 CFD 2005-1 Serenity 426,180
372 CFD 2005-2 Alberhill Ranch Improvement Area 1,121,431 374 CFD 2005-4 Lakeview Villas 5,895
375 CFD 2006-4 Clurman 211,954
376 CFD 2006-3 La Strada 4,289
377 CFD 2006-6 Tessara 161,904
378 CFD 2006-8 Running Deer Estates 154,649
379 CFD 2022-1 Alberhill 442,596
384 CFD 2003-2 Area B Canyon Hills Improvement Area 1,393,581 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 1,277,278 386 CFD 2007-4 Mekenna Court 139,053
387 CFD 2007-5 Red Kite 98,460
388 CFD 2007-6 Holiday Inn Express 5,890
390 CFD 2003-2 Area C Canyon Hills Improvement Area 509,882 392 CFD 95-1 City Center 1,442
394 CFD 2005-5 (2012A) Wasson Canyon 260,102
395 CFD 2018-1 Wasson Canyon II Improvement Area 4,355
396 CFD 2018-2 Nichols Ranch Improvement Area 344,957
397 CFD 2018-3 Village at Lakeshore 283,839
500 Capital Improvement Plan 4,984,914
510 Successor To RDA Area I, II, & III 3,153,429
540 Successor To RDA Diamond Stadium 2,929,939
603 Endowment Trust - Carl Graves 73,020
604 Endowment Trust - Korn Memorial 38,461
605 Public Improvement Trust 3,322,909
606 Mobile Source Air Polution Reduction 320,435
608 Trust Deposit & Pre Paid Expense 1,813,082

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 JULY 31, 2026
617 Successor Agency Housing 39,450,809
620 Cost Recovery System 5,246,934
631 Lake Destratification Equipment Replacement 357,255 Total Pooled Cash & Investments $ 138,723,157

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.54% $ 679,582
U.S. Treasury Bond / Note Unlimited 21.12% $ 26,758,925 Supra-National Agency Bond / Note 30% 0.00% $ -
Municipal Bond / Note Unlimited 0.16% $ 200,000
Federal Agency Collaterized Mortgage Obligation 40% 5.97% $ 7,567,296 Federal Agency Bond / Note Unlimited 0.00% (1) $ -
Banker's Acceptance 40.00% 0.00% $ -
Corporate Note (Includes Bank Note) 30% 12.32% $ 15,607,459 Commercial Paper 25% 0.00% $ -
Negotiable Certificates of Deposit 30% 0.00% $ -
Asset-Backed Security / Collaterized Mortgage 20% 5.34% $ 6,773,368 Repurchase Agreements Unlimited 0 $ -
Reverse Repurchase Agreements 10.00% 0.00% $ -
LAIF (Local Agency Investment Funds) $150 Million 54.56% (2) $ 69,142,558 Placement Service Deposits (PDS) 30% 0.00% $ -
TOTAL 100.00% $ 126,729,188
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 JULY 31, 2026
Local Agency Investment Fund
July 3.84
June 3.816
May 3.810
April 3.811
March 3.826
February 3.871
LAIF Apportionment Rate(2): 3.92
LAIF Earnings Ratio(2): 0.00010743238142967
LAIF Administrative Cost(1)*: 0.22
PMIA Average Life(1): 269
LAIF Fair Value Factor(1): 0.998872382
PMIA Daily(1): 3.83
PMIA Quarter to Date(1): 3.81
Treasuries

57.20%
Agencies

21.76%
Certificates of
Deposit/Bank Notes

10.82%
Time
Deposits

2.78%
Commercial
Paper

6.72%
Corporate
Bonds

0.60%
Loans

0.12%
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 08/12/26
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 06/30/26
Chart does not include $749,000.00 in mortgages, which equates to 0.0004%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
06/30/26
$193.1 billion
Yield Purchase Date Maturity Rate

3.840% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ 80,489,926 $ (11,347,368) $ 69,142,558 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 JULY 31, 2026
CAMP
Investment Portfolio

CITY OF LAKE ELSINORE

ACCOUNT STATEMENT
For the Month Ending
July 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 09/07/2026 for Labor Day.

For the Month Ending July 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. If you do not receive a report from the custodian on at least a quarterly basis, please notify your relationship manager at your custodian and PFMAM.

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 July 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
11,542.53
1,234,044.79
(566,005.30)

0.00 $679,582.02
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 294.49
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
57,217,104.72
554,871.02
(923,514.63)
(239,505.70)
$56,608,955.41
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 317,105.59
July 31, 2026 June 30, 2026
Asset Summary
CAMP Pool 679,582.02 11,542.53
CAMP Managed Account 56,608,955.41 57,217,104.72
Total $57,288,537.43 $57,228,647.25
Asset Allocation

1.19%
CAMP Pool

98.81%
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 July 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
$11,542.53
1,234,044.79
(566,005.30)
$679,582.02
294.49
$57,217,104.72
(461,113.26)
(462,401.37)
554,871.02

0.00 (239,505.70)
$56,608,955.41
$57,228,647.25
$57,288,537.43
303,544.62

0.00 13,560.97
$317,105.59

0.00 463,072.57
302,873.42
461,113.26
(554,871.02)
(672,188.23)

0.00 Managed Account Total
57,145,629.44 57,825,211.46
357,896.19
463,072.57
461,113.26
302,873.42
(554,871.02)
(57,508,095.92)
(468,838.87)

0.00 357,896.19
1,029,077.87
461,113.26
302,873.42
(1,788,915.81)
(57,519,638.45)
(468,838.87)
294.49
Total Accrual Basis Earnings $198,779.07 $199,073.56
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 July 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 26,875,000.00 26,329,110.79 45.95 Municipal Bond / Note 200,000.00 200,736.80 0.35
Federal Agency Commercial
Mortgage-Backed Security
7,680,523.20 7,662,353.71 13.38
Corporate Note 15,241,000.00 15,129,251.30 26.41
Bank Note 525,000.00 526,500.98 0.92
Asset-Backed Security 6,770,565.80 6,761,001.83 11.80
Managed Account Sub-Total 57,292,089.00 56,608,955.41 98.81% Accrued Interest 357,896.19
Total Portfolio 57,292,089.00 56,966,851.60
CAMP Pool 679,582.02 679,582.02 1.19
Total Investments 57,971,671.02 57,646,433.62 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

11.80%
ABS

0.92%
Bank Note

25.90%
Corporate Note

13.38%
Federal Agency
Commercial
Mortgage-Backed
Security

1.19%
Joint Powers
Authority

0.35%
Muni Bond / Note

0.51%
Priv Placement
Bond

45.95%
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

3.74%

6.29%

7.73%

33.60%

25.65%

22.99%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1095

4.19%

4.42%
PFM Asset Management, a division of Page 3
U.S. Bancorp Asset Management, Inc.

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

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

5.87%
A

7.36%
A+

2.79%
A2.46%
AA

60.67%
AA+

4.18%
AA9.56%
AAA

1.19%
AAAm

2.38%
BBB+

3.54%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 377,233.87 0.66
Air Products and Chemicals Inc 339,717.80 0.59
Amazon.com Inc 557,038.15 0.97
American Express Co 1,206,226.43 2.11
Analog Devices Inc 395,956.00 0.69
Apple Inc 763,646.25 1.33
BA Credit Card Trust 940,719.30 1.64
Bank of America Corp 678,655.96 1.18
Bank of New York Mellon Corp 470,208.68 0.82
Bayerische Motoren Werke AG 174,868.23 0.31
Berkshire Hathaway Inc 469,847.20 0.82
BlackRock Inc 778,308.48 1.36
Bristol-Myers Squibb Co 209,464.13 0.37
CAMP Pool 679,582.02 1.19
Capital One Financial Corp 554,302.37 0.97
Caterpillar Inc 222,669.00 0.39
Charles Schwab Corp 298,035.60 0.52
Cisco Systems Inc 422,707.32 0.74
Citigroup Inc 1,317,233.70 2.30
Deere & Co 378,756.00 0.66
Federal Home Loan Mortgage Corp 6,774,693.93 11.82
Federal National Mortgage Association 887,659.78 1.55
Fifth Third Auto Trust 98,321.94 0.17
Ford Credit Auto Owner Trust 284,002.50 0.50
GM Financial Consumer Automobile Receiv 89,948.70 0.16
Goldman Sachs Group Inc 568,811.85 0.99
Harley-Davidson Inc 2,102.07 0.00
Home Depot Inc 376,836.38 0.66
Honda Auto Receivables Owner Trust 357,627.57 0.62
Honda Motor Co Ltd 394,230.80 0.69
Hyundai Auto Receivables Trust 162,636.21 0.28
JPMorgan Chase & Co 844,596.89 1.47
PFM Asset Management, a division of Page 4
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
Lockheed Martin Corp 59,970.24 0.10
Mars Inc 114,608.31 0.20
Mercedes-Benz Auto Receivables Trust 945,581.20 1.65
Microsoft Corp 746,517.75 1.30
Morgan Stanley 526,500.98 0.92
National Australia Bank Ltd 498,391.50 0.87
National Rural Utilities Cooperative Fi 344,104.60 0.60 Northern Trust Corp 560,791.17 0.98
Novartis AG 496,617.60 0.87
NVIDIA Corp 381,687.15 0.67
PACCAR Inc 398,696.80 0.70
Porsche Innovative Lease Owner 100,236.80 0.17
Shell PLC 561,128.70 0.98
State of California 200,736.80 0.35
State Street Corp 200,277.60 0.35
Target Corp 39,616.68 0.07
Texas Instruments Inc 85,155.89 0.15
TotalEnergies SE 561,563.98 0.98
Toyota Auto Receivables Owner Trust 382,935.15 0.67
Toyota Motor Corp 376,260.75 0.66
United States Treasury 26,329,110.79 45.95
Verizon Master Trust 415,564.40 0.73
Wells Fargo & Co 401,493.20 0.70
WF Card Issuance Trust 484,344.28 0.85
Total $57,288,537.43 100.00%
PFM Asset Management, a division of Page 5
U.S. Bancorp Asset Management, Inc.

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

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 600,000.00 AA+ Aa1 07/01/25 07/03/25 589,054.69 3.75 1,695.65 591,857.49 582,328.20

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 04/01/25 04/04/25 878,414.06 3.87 2,543.48 884,799.35 873,492.30

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 06/02/25 06/05/25 875,566.41 3.98 2,543.48 882,117.65 873,492.30

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 925,000.00 AA+ Aa1 08/01/25 08/05/25 902,236.33 3.94 2,614.13 907,684.78 897,755.98

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 1,200,000.00 AA+ Aa1 03/03/25 03/06/25 1,161,562.50 4.06 3,391.30 1,173,357.31 1,164,656.40

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 1,500,000.00 AA+ Aa1 05/01/25 05/06/25 1,476,796.88 3.65 4,239.13 1,483,360.03 1,455,820.50

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 3,900,000.00 AA+ Aa1 09/02/25 09/05/25 3,841,652.34 3.67 11,021.74 3,854,763.08 3,785,133.30

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 34.65 305,713.69 298,793.10

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 3.65 103.94 917,629.98 896,379.30

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 3.67 112.60 993,283.95 971,077.58

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 3.72 167.46 1,475,070.37 1,444,166.65

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 3.81 199.22 1,749,808.10 1,718,060.33

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 3.56 479.28 4,242,984.94 4,133,304.55

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 650,000.00 AA+ Aa1 06/29/26 06/30/26 637,152.34 4.15 9,860.39 637,398.37 631,211.10 PFM Asset Management, a division of Page 6
U.S. Bancorp Asset Management, Inc.

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

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 1,800,000.00 AA+ Aa1 06/01/26 06/04/26 1,759,640.63 4.21 27,305.71 1,761,012.41 1,747,969.20

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 2,000,000.00 AA+ Aa1 04/01/26 04/07/26 1,974,843.75 3.94 30,339.67 1,976,508.50 1,942,188.00

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 3,000,000.00 AA+ Aa1 05/01/26 05/06/26 2,953,945.31 4.01 45,509.51 2,956,273.46 2,913,282.00 Security Type Sub-Total 26,875,000.00 26,758,924.81 3.81 142,161.34 26,793,623.46 26,329,110.79 Municipal Bond / Note
CA ST
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 03/09/23 03/15/23 200,000.00 4.85 4,038.33 200,000.00 200,736.80 Security Type Sub-Total 200,000.00 200,000.00 4.85 4,038.33 200,000.00 200,736.80 Federal Agency Commercial Mortgage-Backed Security
FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 202,252.62 AA+ Aa1 04/06/23 04/12/23 193,735.89 3.98 447.15 202,084.11 201,728.18 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 353,418.86 AA+ Aa1 05/19/23 05/24/23 342,540.19 4.29 985.74 352,435.38 351,990.69 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 1,477.67 544,371.86 546,549.30 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 1,486.38 545,644.23 545,604.40 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 256,992.54 AA+ Aa1 12/06/23 12/14/23 256,990.48 4.86 1,040.39 256,992.09 257,707.49 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 272,838.57 AA+ Aa1 07/19/23 07/27/23 272,831.76 4.78 1,086.12 272,835.93 273,407.71 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 548,900.02 AA+ Aa1 07/13/23 07/20/23 554,382.43 4.59 2,204.29 551,012.68 550,547.27 PFM Asset Management, a division of Page 7
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending July 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
FNA 2023-M6 A2
DTD 07/01/2023 4.172% 07/01/2028
3136BQDE6 491,120.60 AA+ Aa1 07/18/23 07/31/23 482,794.57 4.58 1,707.45 487,806.89 487,153.33 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 1,975.00 494,961.46 500,512.00 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 3,100.00 794,675.74 800,022.40 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 1,515.63 369,239.91 376,257.00 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 500,000.00 AA+ Aa1 09/20/23 09/28/23 494,023.50 5.07 2,000.00 497,186.45 501,443.50 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 5.14 760.35 179,746.93 181,385.10 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 1,113.75 274,613.61 275,959.75 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 1,104.90 291,508.29 289,517.44 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 1,730.67 441,677.18 440,589.16 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 1,873.99 497,917.99 493,179.88 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 4.41 698.25 189,995.08 188,292.66 FNA 2026-M11 2A2
DTD 05/01/2026 4.250% 05/01/2031
3136G5V64 410,000.00 AA+ Aa1 06/26/26 06/29/26 405,003.13 4.53 1,452.08 405,009.27 400,506.45 Security Type Sub-Total 7,680,523.20 7,567,296.20 4.74 27,759.81 7,649,715.08 7,662,353.71 Corporate Note

BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 08/12/21 08/16/21 174,947.50 1.26 1,026.91 174,999.68 174,868.23 PFM Asset Management, a division of Page 8
U.S. Bancorp Asset Management, Inc.

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

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A1 01/11/22 01/13/22 223,863.75 1.81 244.38 224,900.62 222,669.00

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 01/19/22 01/24/22 39,932.00 1.99 34.67 39,993.77 39,616.68

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A Aa3 01/26/22 01/28/22 473,945.50 2.10 135.24 474,897.36 470,208.68

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 03/14/23 03/17/23 721,942.50 4.36 12,031.25 746,289.75 746,517.75

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 A- A2 01/13/23 01/18/23 277,203.00 4.59 3,123.75 296,732.33 297,026.40

BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 03/15/22 03/17/22 466,089.00 2.70 4,127.22 473,889.84 469,847.20

CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 02/17/23 02/22/23 284,925.00 4.66 3,300.00 297,553.75 298,035.60

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa2 01/13/23 01/18/23 488,325.00 4.50 2,820.28 497,725.55 498,391.50

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 8,677.85 766,846.11 763,646.25

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 02/08/23 02/10/23 376,282.50 4.55 915.36 375,377.08 376,260.75

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 350,000.00 A- A1 02/17/23 02/22/23 329,189.00 4.76 5,751.67 343,634.28 344,104.60

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 85,000.00 A+ Aa3 05/11/23 05/18/23 87,043.40 4.04 1,802.94 85,638.49 85,155.89

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 211,000.00 A A2 03/09/23 03/13/23 201,583.07 4.93 3,680.19 208,037.67 209,464.13

LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
539830BZ1 60,000.00 A- A2 05/23/23 05/25/23 59,892.00 4.49 563.67 59,961.14 59,970.24 PFM Asset Management, a division of Page 9
U.S. Bancorp Asset Management, Inc.

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

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 375,000.00 A A1 07/21/23 07/25/23 377,865.00 4.78 876.56 376,125.82 378,756.00

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 750,000.00 A+ Aa3 10/02/23 10/04/23 746,280.00 5.92 14,749.29 748,255.86 769,379.25

AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
009158BH8 340,000.00 A A3 02/06/24 02/08/24 339,547.80 4.63 7,515.89 339,759.27 339,717.80

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 420,000.00 AA- A1 02/21/24 02/26/24 419,853.00 4.86 8,770.42 419,920.77 422,707.32

BLACKROCK INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 50,000.00 AA- Aa3 03/05/24 03/14/24 49,909.50 4.74 894.31 49,950.07 50,213.45

BLACKROCK INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 725,000.00 AA- Aa3 03/06/24 03/14/24 725,355.25 4.69 12,967.43 725,197.91 728,095.03

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 170,000.00 A+ A1 04/02/24 04/04/24 169,775.60 4.83 2,652.00 169,873.51 171,012.69

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 205,000.00 A+ A1 04/01/24 04/04/24 204,694.55 4.83 3,198.00 204,827.64 206,221.18

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
95000U3T8 110,000.00 BBB+ A1 04/16/25 04/23/25 110,088.00 4.95 1,488.24 110,052.35 110,410.63

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
95000U3T8 290,000.00 BBB+ A1 04/15/25 04/23/25 290,000.00 4.97 3,923.54 290,000.00 291,082.57

BANK OF AMERICA CORP (CALLABLE)
DTD 05/09/2025 4.623% 05/09/2029
06051GMT3 600,000.00 A- A1 05/06/25 05/09/25 600,000.00 4.62 6,318.10 600,000.00 598,638.60

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 125,000.00 A A2 06/17/24 06/25/24 124,193.75 4.90 593.75 124,508.96 125,612.13

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 250,000.00 A A2 06/18/24 06/25/24 248,627.50 4.88 1,187.50 249,164.60 251,224.25

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 7,137.78 399,690.94 394,230.80 PFM Asset Management, a division of Page 10
U.S. Bancorp Asset Management, Inc.

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

MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
571676AY1 115,000.00 A A2 03/05/25 03/12/25 114,875.80 4.83 2,300.00 114,907.56 114,608.31

GOLDMAN SACHS GROUP INC (CALLABLE)
DTD 04/20/2026 4.594% 04/20/2030
38141GE83 275,000.00 BBB+ A2 04/13/26 04/20/26 275,000.00 4.59 3,544.40 275,000.00 272,040.45

GOLDMAN SACHS GROUP INC (CALLABLE)
DTD 04/20/2026 4.594% 04/20/2030
38141GE83 300,000.00 BBB+ A2 04/14/26 04/20/26 300,324.00 4.56 3,866.62 300,295.96 296,771.40

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/23/2026 4.408% 04/23/2030
46647PFL5 445,000.00 A A1 04/15/26 04/23/26 445,000.00 4.41 5,339.80 445,000.00 438,989.39

STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
857477DB6 200,000.00 A Aa3 04/22/25 04/24/25 200,000.00 4.83 2,604.99 200,000.00 200,277.60

PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
69371RT71 400,000.00 A+ A1 05/05/25 05/08/25 399,380.00 4.59 4,196.11 399,520.54 398,696.80

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
032654BE4 400,000.00 A A2 06/12/25 06/16/25 399,648.00 4.52 2,300.00 399,721.60 395,956.00

NOVARTIS CAPITAL CORP (CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
66989HAY4 510,000.00 AA- Aa3 11/03/25 11/05/25 508,470.00 4.17 4,995.17 508,678.82 496,617.60

SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 125,000.00 A+ Aa2 11/03/25 11/06/25 124,520.00 4.21 1,217.45 124,585.00 121,984.50

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 4,382.81 449,253.15 439,144.20

NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 115,000.00 A+ A2 11/12/25 11/19/25 114,943.65 4.16 954.50 114,951.12 112,158.23

NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 460,000.00 A+ A2 11/13/25 11/19/25 459,443.40 4.18 3,818.00 459,515.88 448,632.94 AMAZON.COM INC (CALLABLE)
DTD 11/20/2025 4.100% 11/20/2030
023135CT1 575,000.00 AA A1 11/17/25 11/20/25 574,384.75 4.12 4,649.51 574,463.36 557,038.15

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 4.25 509.76 240,000.00 234,391.92 PFM Asset Management, a division of Page 11
U.S. Bancorp Asset Management, Inc.

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

TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 335,000.00 A+ Aa3 01/07/26 01/13/26 335,613.05 4.21 711.54 335,550.69 327,172.06

NVIDIA CORP (CALLABLE)
DTD 06/18/2026 4.500% 06/15/2031
67066GAR5 390,000.00 AA Aa1 06/15/26 06/18/26 389,259.00 4.54 2,096.25 389,276.18 381,687.15 Security Type Sub-Total 15,241,000.00 15,081,933.57 4.35 167,995.10 15,204,524.98 15,129,251.30 Bank Note

MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
61690U8E3 525,000.00 A+ Aa3 07/18/24 07/19/24 525,525.00 4.94 1,231.65 525,176.14 526,500.98 Security Type Sub-Total 525,000.00 525,525.00 4.94 1,231.65 525,176.14 526,500.98 Asset-Backed Security
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 16,084.95 AAA NR 01/24/23 01/30/23 16,084.94 4.63 33.10 16,084.95 16,096.61 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 2,101.33 NR Aaa 02/13/23 02/23/23 2,101.11 5.05 4.72 2,101.27 2,102.07 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 67,937.63 AAA NR 08/15/23 08/22/23 67,923.62 5.42 132.72 67,932.80 68,188.32 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 31,475.08 NR Aaa 11/01/23 11/08/23 31,469.54 5.67 49.57 31,472.66 31,661.32 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 97,966.81 AAA Aaa 08/15/23 08/23/23 97,960.74 5.53 240.78 97,964.33 98,321.94 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 5.17 928.80 404,948.82 405,607.50 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 5.23 953.02 409,991.78 410,671.17 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 99,993.05 100,236.80 PFM Asset Management, a division of Page 12
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
BACCT 2023-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 4.98 398.40 179,988.34 180,488.88 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 1,150.60 494,898.53 498,528.86 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 4.15 212.11 114,990.70 114,748.04 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 79,996.07 80,017.36 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 550,000.00 NR Aaa 04/08/25 04/09/25 553,673.83 4.62 1,168.44 552,726.54 552,086.15 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 4.51 571.89 414,987.50 415,564.40 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 89,989.83 89,948.70 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 4.31 478.89 250,000.00 249,490.50 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 4.34 935.51 484,994.92 484,344.28 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
17305EHA6 550,000.00 AAA Aaa 06/18/25 06/26/25 549,850.79 4.31 2,627.78 549,881.06 547,854.45 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
89240KAD0 140,000.00 AAA Aaa 01/13/26 01/21/26 139,988.07 3.86 240.18 139,989.34 138,482.12 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
43815CAD0 145,000.00 NR Aaa 02/10/26 02/18/26 144,976.90 3.78 152.25 144,979.45 143,029.89 MBART 2026-1 A3
DTD 05/20/2026 4.360% 10/15/2030
58769MAD2 395,000.00 AAA NR 05/12/26 05/20/26 394,913.97 4.37 765.42 394,918.18 393,495.05 TAOT 2026-B A3
DTD 04/21/2026 4.130% 12/16/2030
89240QAD7 230,000.00 AAA Aaa 04/14/26 04/21/26 229,951.49 4.14 422.18 229,954.97 228,356.42 PFM Asset Management, a division of Page 13
U.S. Bancorp Asset Management, Inc.

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

Managed Account Fair Market Value & Analytics For the Month Ending July 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 91282CEV9 600,000.00 Citigrou 97.05 582,328.20 (6,726.49) (9,529.29) DTD 06/30/2022 3.250% 06/30/2029

2.74 4.30
US TREASURY N/B 91282CEV9 900,000.00 BMO 97.05 873,492.30 (4,921.76) (11,307.05) DTD 06/30/2022 3.250% 06/30/2029

2.74 4.30
US TREASURY N/B 91282CEV9 900,000.00 BMO 97.05 873,492.30 (2,074.11) (8,625.35) DTD 06/30/2022 3.250% 06/30/2029

2.74 4.30
US TREASURY N/B 91282CEV9 925,000.00 Citigrou 97.05 897,755.98 (4,480.35) (9,928.80) DTD 06/30/2022 3.250% 06/30/2029

2.74 4.30
US TREASURY N/B 91282CEV9 1,200,000.00 MorganSt 97.05 1,164,656.40 3,093.90 (8,700.91) DTD 06/30/2022 3.250% 06/30/2029

2.74 4.30
US TREASURY N/B 91282CEV9 1,500,000.00 Citigrou 97.05 1,455,820.50 (20,976.38) (27,539.53) DTD 06/30/2022 3.250% 06/30/2029

2.74 4.30
US TREASURY N/B 91282CEV9 3,900,000.00 RBC Capi 97.05 3,785,133.30 (56,519.04) (69,629.78) DTD 06/30/2022 3.250% 06/30/2029

2.74 4.30
US TREASURY N/B 91282CMG3 300,000.00 Citigrou 99.60 298,793.10 (8,027.21) (6,920.59) DTD 01/31/2025 4.250% 01/31/2030

3.23 4.33
US TREASURY N/B 91282CMG3 900,000.00 Citigrou 99.60 896,379.30 (23,905.86) (21,250.68) DTD 01/31/2025 4.250% 01/31/2030

3.23 4.33
US TREASURY N/B 91282CMG3 975,000.00 HSBC 99.60 971,077.58 (26,164.61) (22,206.37) DTD 01/31/2025 4.250% 01/31/2030

3.23 4.33
US TREASURY N/B 91282CMG3 1,450,000.00 Citigrou 99.60 1,444,166.65 (34,153.66) (30,903.72) DTD 01/31/2025 4.250% 01/31/2030

3.23 4.33
US TREASURY N/B 91282CMG3 1,725,000.00 RBC Capi 99.60 1,718,060.33 (34,229.71) (31,747.77) DTD 01/31/2025 4.250% 01/31/2030

3.23 4.33
US TREASURY N/B 91282CMG3 4,150,000.00 BMO 99.60 4,133,304.55 (119,797.01) (109,680.39) DTD 01/31/2025 4.250% 01/31/2030

3.23 4.33
US TREASURY N/B 91282CNX5 650,000.00 BNP Sec 97.11 631,211.10 (5,941.24) (6,187.27) DTD 09/02/2025 3.625% 08/31/2030

3.70 4.36
US TREASURY N/B 91282CNX5 1,800,000.00 RBC Capi 97.11 1,747,969.20 (11,671.43) (13,043.21) DTD 09/02/2025 3.625% 08/31/2030

3.70 4.36
US TREASURY N/B 91282CNX5 2,000,000.00 RBC Capi 97.11 1,942,188.00 (32,655.75) (34,320.50) DTD 09/02/2025 3.625% 08/31/2030

3.70 4.36
US TREASURY N/B 91282CNX5 3,000,000.00 RBC Capi 97.11 2,913,282.00 (40,663.31) (42,991.46) DTD 09/02/2025 3.625% 08/31/2030

3.70 4.36
PFM Asset Management, a division of Page 15
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending July 31, 2026

0.56 4.19
Security Type Sub-Total 200,000.00 200,736.80 736.80 736.80 0.56 4.19 Federal Agency Commercial Mortgage-Backed Security
FHMS K058 A2 3137BSP72 202,252.62 BREAN 99.74 201,728.18 7,992.29 (355.93) DTD 11/01/2016 2.653% 08/01/2026

0.07 3.64
FHMS K061 A2 3137BTUM1 353,418.86 Citigrou 99.60 351,990.69 9,450.50 (444.69) DTD 01/01/2017 3.347% 11/01/2026

0.26 4.08
FHMS K064 A2 3137BXQY1 550,000.00 MorganSt 99.37 546,549.30 27,744.61 2,177.44 DTD 05/01/2017 3.224% 03/01/2027

0.47 4.12
FHMS K065 A2 3137F1G44 550,000.00 Citigrou 99.20 545,604.40 18,571.20 (39.83) DTD 07/01/2017 3.243% 04/01/2027

0.62 4.20
FHMS KJ48 A1 3137HBC69 256,992.54 JPMorgan 100.28 257,707.49 717.01 715.40 DTD 12/01/2023 4.858% 05/01/2028

1.48 4.50
FHMS KJ46 A1 3137HAD45 272,838.57 JPMorgan 100.21 273,407.71 575.95 571.78 DTD 07/01/2023 4.777% 06/01/2028

1.18 4.38
FHMS K505 A2 3137HACX2 548,900.02 JPMorgan 100.30 550,547.27 (3,835.16) (465.41) DTD 07/01/2023 4.819% 06/01/2028

1.67 4.50
FNA 2023-M6 A2 3136BQDE6 491,120.60 JPMorgan 99.19 487,153.33 4,358.76 (653.56) DTD 07/01/2023 4.172% 07/01/2028

1.81 4.51
FHMS K508 A2 3137HAQ74 500,000.00 BMO 100.10 500,512.00 11,480.00 5,550.54 DTD 10/01/2023 4.740% 08/01/2028

1.86 4.56
FHMS K506 A2 3137HAMH6 800,000.00 WellsFar 100.00 800,022.40 11,856.80 5,346.66 DTD 09/01/2023 4.650% 08/01/2028

1.83 4.52
FHMS K509 A2 3137HAST4 375,000.00 MorganSt 100.34 376,257.00 13,213.12 7,017.09 DTD 10/01/2023 4.850% 09/01/2028

1.94 4.56
FHMS K507 A2 3137HAMS2 500,000.00 BOFAML 100.29 501,443.50 7,420.00 4,257.05 DTD 09/01/2023 4.800% 09/01/2028

1.90 4.53
FHMS K510 A2 3137HB3D4 180,000.00 JPMorgan 100.77 181,385.10 1,905.48 1,638.17 DTD 11/01/2023 5.069% 10/01/2028

1.98 4.56
PFM Asset Management, a division of Page 16
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending July 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 K511 A2 3137HB3G7 275,000.00 BOFAML 100.35 275,959.75 1,749.82 1,346.14 DTD 12/01/2023 4.860% 10/01/2028

2.01 4.57
FHMS K514 A2 3137HBLV4 290,000.00 JPMorgan 99.83 289,517.44 (3,382.27) (1,990.85) DTD 02/01/2024 4.572% 12/01/2028

2.10 4.55
FHMS K524 A2 3137HDV56 440,000.00 PIER 100.13 440,589.16 (2,112.88) (1,088.02) DTD 07/01/2024 4.720% 05/01/2029

2.55 4.59
FHMS K526 A2 3137HDXL9 495,000.00 BMO 99.63 493,179.88 (6,450.35) (4,738.11) DTD 08/01/2024 4.543% 07/01/2029

2.70 4.61
FHMS K539 A2 3137HKXJ8 190,000.00 JPMorgan 99.10 188,292.66 (1,700.69) (1,702.42) DTD 04/01/2025 4.410% 01/01/2030

3.14 4.65
FNA 2026-M11 2A2 3136G5V64 410,000.00 WellsFar 97.68 400,506.45 (4,496.68) (4,502.82) DTD 05/01/2026 4.250% 05/01/2031

4.21 4.78
Security Type Sub-Total 7,680,523.20 7,662,353.71 95,057.51 12,638.63 1.77 4.45 Corporate Note
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 SUMITR 99.92 174,868.23 (79.27) (131.45) DTD 08/12/2021 1.250% 08/12/2026

0.03 3.73
CATERPILLAR FINL SERVICE 14913R2U0 225,000.00 JPMorgan 98.96 222,669.00 (1,194.75) (2,231.62) DTD 01/10/2022 1.700% 01/08/2027

0.43 4.12
TARGET CORP (CALLABLE) 87612EBM7 40,000.00 Citigrou 12/15/26 99.04 39,616.68 (315.32) (377.09) DTD 01/24/2022 1.950% 01/15/2027

0.45 4.09
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 Deutsche 12/24/26 98.99 470,208.68 (3,736.82) (4,688.68) DTD 01/26/2022 2.050% 01/26/2027

0.47 4.17
MICROSOFT CORP (CALLABLE) 594918BY9 750,000.00 GoldmanS 11/06/26 99.54 746,517.75 24,575.25 228.00 DTD 02/06/2017 3.300% 02/06/2027

0.49 4.22
AMERICAN EXPRESS CO (CALLABLE) 025816CS6 300,000.00 RBS 02/01/27 99.01 297,026.40 19,823.40 294.07 DTD 03/04/2022 2.550% 03/04/2027

0.57 4.26
BERKSHIRE HATHAWAY FIN (CALLABLE) 084664CZ2 475,000.00 SEEL 02/15/27 98.92 469,847.20 3,758.20 (4,042.64) DTD 03/15/2022 2.300% 03/15/2027

0.60 4.08
CHARLES SCHWAB CORP (CALLABLE) 808513BW4 300,000.00 Barclays 01/01/27 99.35 298,035.60 13,110.60 481.85 DTD 09/24/2021 3.300% 04/01/2027

0.63 4.30
NATIONAL AUSTRALIA BK/NY 63254ABE7 500,000.00 CAS 99.68 498,391.50 10,066.50 665.95 DTD 06/09/2022 3.905% 06/09/2027

0.83 4.29
PFM Asset Management, a division of Page 17
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending July 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
APPLE INC (CALLABLE) 037833DB3 775,000.00 TD Secur 06/12/27 98.54 763,646.25 22,583.50 (3,199.86) DTD 09/12/2017 2.900% 09/12/2027

1.05 4.26
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WellsFar 100.34 376,260.75 (21.75) 883.67 DTD 01/12/2023 4.625% 01/12/2028

1.38 4.38
NATIONAL RURAL UTIL COOP (CALLABLE) 637432NP6 350,000.00 MorganSt 11/07/27 98.32 344,104.60 14,915.60 470.32 DTD 02/07/2018 3.400% 02/07/2028

1.40 4.56
TEXAS INSTRUMENTS INC (CALLABLE) 882508BV5 85,000.00 JPMorgan 01/15/28 100.18 85,155.89 (1,887.51) (482.60) DTD 11/18/2022 4.600% 02/15/2028

1.40 4.47
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122DE5 211,000.00 MAXE 11/20/27 99.27 209,464.13 7,881.06 1,426.46 DTD 07/15/2020 3.900% 02/20/2028

1.39 4.39
LOCKHEED MARTIN CORP (CALLABLE) 539830BZ1 60,000.00 Barclays 04/15/28 99.95 59,970.24 78.24 9.10 DTD 05/25/2023 4.450% 05/15/2028

1.65 4.48
JOHN DEERE CAPITAL CORP 24422EXB0 375,000.00 Citigrou 101.00 378,756.00 891.00 2,630.18 DTD 07/14/2023 4.950% 07/14/2028

1.84 4.41
CITIBANK NA (CALLABLE) 17325FBB3 750,000.00 Barclays 08/29/28 102.58 769,379.25 23,099.25 21,123.39 DTD 09/29/2023 5.803% 09/29/2028

1.93 4.53
AIR PRODUCTS & CHEMICALS (CALLABLE) 009158BH8 340,000.00 Barclays 01/08/29 99.92 339,717.80 170.00 (41.47) DTD 02/08/2024 4.600% 02/08/2029

2.27 4.63
CISCO SYSTEMS INC (CALLABLE) 17275RBR2 420,000.00 Citigrou 01/26/29 100.64 422,707.32 2,854.32 2,786.55 DTD 02/26/2024 4.850% 02/26/2029

2.31 4.58
BLACKROCK INC (CALLABLE) 09290DAA9 50,000.00 Citigrou 02/14/29 100.43 50,213.45 303.95 263.38 DTD 03/14/2024 4.700% 03/14/2029

2.37 4.52
BLACKROCK INC (CALLABLE) 09290DAA9 725,000.00 BOFAML 02/14/29 100.43 728,095.03 2,739.78 2,897.12 DTD 03/14/2024 4.700% 03/14/2029

2.37 4.52
ADOBE INC (CALLABLE) 00724PAF6 170,000.00 SEEL 03/04/29 100.60 171,012.69 1,237.09 1,139.18 DTD 04/04/2024 4.800% 04/04/2029

2.41 4.56
ADOBE INC (CALLABLE) 00724PAF6 205,000.00 BOFAML 03/04/29 100.60 206,221.18 1,526.63 1,393.54 DTD 04/04/2024 4.800% 04/04/2029

2.41 4.56
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 110,000.00 SEEL 04/23/28 100.37 110,410.63 322.63 358.28 DTD 04/23/2025 4.970% 04/23/2029

1.62 4.84
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 290,000.00 WellsFar 04/23/28 100.37 291,082.57 1,082.57 1,082.57 DTD 04/23/2025 4.970% 04/23/2029

1.62 4.84
BANK OF AMERICA CORP (CALLABLE) 06051GMT3 600,000.00 BOFAML 05/09/28 99.77 598,638.60 (1,361.40) (1,361.40) DTD 05/09/2025 4.623% 05/09/2029

1.67 4.77
PFM Asset Management, a division of Page 18
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending July 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
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 MorganSt 05/25/29 100.49 125,612.13 1,418.38 1,103.17 DTD 06/25/2024 4.750% 06/25/2029

2.64 4.57
HOME DEPOT INC (CALLABLE) 437076DC3 250,000.00 PNCBank 05/25/29 100.49 251,224.25 2,596.75 2,059.65 DTD 06/25/2024 4.750% 06/25/2029

2.64 4.57
AMERICAN HONDA FINANCE 02665WFQ9 400,000.00 Deutsche 98.56 394,230.80 (5,289.20) (5,460.14) DTD 09/05/2024 4.400% 09/05/2029

2.81 4.91
MARS INC (CALLABLE) 571676AY1 115,000.00 BOFAML 02/01/30 99.66 114,608.31 (267.49) (299.25) DTD 03/12/2025 4.800% 03/01/2030

3.16 4.90
GOLDMAN SACHS GROUP INC (CALLABLE) 38141GE83 275,000.00 GoldmanS 04/20/29 98.92 272,040.45 (2,959.55) (2,959.55) DTD 04/20/2026 4.594% 04/20/2030

2.51 4.93
GOLDMAN SACHS GROUP INC (CALLABLE) 38141GE83 300,000.00 RBC Capi 04/20/29 98.92 296,771.40 (3,552.60) (3,524.56) DTD 04/20/2026 4.594% 04/20/2030

2.51 4.93
JPMORGAN CHASE & CO (CALLABLE) 46647PFL5 445,000.00 JPMorgan 04/23/29 98.65 438,989.39 (6,010.61) (6,010.61) DTD 04/23/2026 4.408% 04/23/2030

2.52 4.83
STATE STREET CORP (CALLABLE) 857477DB6 200,000.00 MorganSt 03/24/30 100.14 200,277.60 277.60 277.60 DTD 04/24/2025 4.834% 04/24/2030

3.31 4.79
PACCAR FINANCIAL CORP 69371RT71 400,000.00 TD Secur 99.67 398,696.80 (683.20) (823.74) DTD 05/08/2025 4.550% 05/08/2030

3.39 4.64
ANALOG DEVICES INC (CALLABLE) 032654BE4 400,000.00 BOFAML 05/15/30 98.99 395,956.00 (3,692.00) (3,765.60) DTD 06/16/2025 4.500% 06/15/2030

3.47 4.79
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 510,000.00 JPMorgan 10/05/30 97.38 496,617.60 (11,852.40) (12,061.22) DTD 11/05/2025 4.100% 11/05/2030

3.81 4.79
SHELL FINANCE US INC (CALLABLE) 822905AN5 125,000.00 MorganSt 10/06/30 97.59 121,984.50 (2,535.50) (2,600.50) DTD 11/06/2025 4.125% 11/06/2030

3.81 4.76
SHELL FINANCE US INC (CALLABLE) 822905AN5 450,000.00 RBC Capi 10/06/30 97.59 439,144.20 (9,991.80) (10,108.95) DTD 11/06/2025 4.125% 11/06/2030

3.81 4.76
NORTHERN TRUST CORP 665859AY0 115,000.00 BOFAML 97.53 112,158.23 (2,785.42) (2,792.89) DTD 11/19/2025 4.150% 11/19/2030

3.86 4.79
NORTHERN TRUST CORP 665859AY0 460,000.00 CIDLY 97.53 448,632.94 (10,810.46) (10,882.94) DTD 11/19/2025 4.150% 11/19/2030

3.86 4.79
AMAZON.COM INC (CALLABLE) 023135CT1 575,000.00 JPMorgan 10/20/30 96.88 557,038.15 (17,346.60) (17,425.21) DTD 11/20/2025 4.100% 11/20/2030

3.84 4.91
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 240,000.00 Citigrou 12/13/30 97.66 234,391.92 (5,608.08) (5,608.08) DTD 01/13/2026 4.248% 01/13/2031

3.98 4.84
PFM Asset Management, a division of Page 19
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending July 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 97.66 327,172.06 (8,440.99) (8,378.63) DTD 01/13/2026 4.248% 01/13/2031

3.98 4.84
NVIDIA CORP (CALLABLE) 67066GAR5 390,000.00 GoldmanS 05/15/31 97.87 381,687.15 (7,571.85) (7,589.03) DTD 06/18/2026 4.500% 06/15/2031

4.28 5.00
Security Type Sub-Total 15,241,000.00 15,129,251.30 47,317.73 (75,273.68) 2.18 4.57 Bank Note
MORGAN STANLEY BANK NA (CALLABLE) 61690U8E3 525,000.00 Citigrou 07/14/27 100.29 526,500.98 975.98 1,324.84 DTD 07/19/2024 4.968% 07/14/2028

0.92 4.63
Security Type Sub-Total 525,000.00 526,500.98 975.98 1,324.84 0.92 4.63 Asset-Backed Security
TAOT 2023-A A3 891940AC2 16,084.95 BOFAML 100.07 16,096.61 11.67 11.66 DTD 01/30/2023 4.630% 09/15/2027

0.08 3.73
HDMOT 2023-A A3 41285JAD0 2,101.33 JPMorgan 100.04 2,102.07 0.96 0.80 DTD 02/23/2023 5.050% 12/15/2027

0.04 4.17
HAROT 2023-3 A3 43815QAC1 67,937.63 BOFAML 100.37 68,188.32 264.70 255.52 DTD 08/22/2023 5.410% 02/18/2028

0.26 4.02
HAROT 2023-4 A3 438123AC5 31,475.08 JPMorgan 100.59 31,661.32 191.78 188.66 DTD 11/08/2023 5.670% 06/21/2028

0.43 4.35
FITAT 2023-1 A3 31680EAD3 97,966.81 JPMorgan 100.36 98,321.94 361.20 357.61 DTD 08/23/2023 5.530% 08/15/2028

0.31 4.42
CHAIT 2023-A1 A 161571HT4 405,000.00 JPMorgan 100.15 405,607.50 719.77 658.68 DTD 09/15/2023 5.160% 09/15/2028

0.12 3.96
AMXCA 2023-3 A 02582JKD1 410,000.00 Citigrou 100.16 410,671.17 689.50 679.39 DTD 09/19/2023 5.230% 09/15/2028

0.12 3.92
PILOT 2025-1A A3 73329KAD8 100,000.00 Barclays 100.24 100,236.80 247.51 243.75 DTD 05/21/2025 4.610% 10/20/2028

0.96 4.41
BACCT 2023-A2 A2 05522RDH8 180,000.00 BOFAML 100.27 180,488.88 513.05 500.54 DTD 12/14/2023 4.980% 11/15/2028

0.29 4.07
AMXCA 2024-1 A 02582JKH2 495,000.00 Barclays 100.71 498,528.86 3,630.33 3,630.33 DTD 04/23/2024 5.230% 04/16/2029

0.68 4.24
PFM Asset Management, a division of Page 20
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending July 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
HAROT 2025-2 A3 437921AD1 115,000.00 JPMorgan 99.78 114,748.04 (239.11) (242.66) DTD 05/08/2025 4.150% 10/15/2029

1.06 4.39
BAAT 2025-1A A3 05594BAD8 80,000.00 BOFAML 100.02 80,017.36 22.88 21.29 DTD 05/12/2025 4.350% 11/20/2029

0.76 4.36
MBART 2025-1 A3 58773DAD6 550,000.00 WellsFar 100.38 552,086.15 (1,587.68) (640.39) DTD 01/23/2025 4.780% 12/17/2029

0.77 4.33
VZMT 2025-3 A1A 92348KDY6 415,000.00 BOFAML 100.14 415,564.40 582.24 576.90 DTD 03/31/2025 4.510% 03/20/2030

1.15 4.49
GMCAR 2025-2 A3 362549AD9 90,000.00 TD Secur 99.94 89,948.70 (38.05) (41.13) DTD 05/14/2025 4.280% 04/16/2030

0.86 4.38
BACCT 2025-A1 A 05522RDK1 250,000.00 BOFAML 99.80 249,490.50 (508.55) (509.50) DTD 06/12/2025 4.310% 05/15/2030

1.68 4.47
WFCIT 2025-A1 A 92970QAJ4 485,000.00 WellsFar 99.86 484,344.28 (647.67) (650.64) DTD 06/10/2025 4.340% 05/15/2030

1.69 4.42
CCCIT 2025-A1 A 17305EHA6 550,000.00 Citigrou 99.61 547,854.45 (1,996.34) (2,026.61) DTD 06/26/2025 4.300% 06/21/2030

1.79 4.52
TAOT 2026-A A3 89240KAD0 140,000.00 BNP Sec 98.92 138,482.12 (1,505.95) (1,507.22) DTD 01/21/2026 3.860% 09/16/2030

1.82 4.49
HAROT 2026-1 A3 43815CAD0 145,000.00 MUFG 98.64 143,029.89 (1,947.01) (1,949.56) DTD 02/18/2026 3.780% 09/23/2030

1.73 4.60
MBART 2026-1 A3 58769MAD2 395,000.00 MUFG 99.62 393,495.05 (1,418.92) (1,423.13) DTD 05/20/2026 4.360% 10/15/2030

2.02 4.59
TAOT 2026-B A3 89240QAD7 230,000.00 MIZU 99.29 228,356.42 (1,595.07) (1,598.55) DTD 04/21/2026 4.130% 12/16/2030

2.06 4.51
FORDO 2026-B A3 34536DAD5 285,000.00 Citigrou 99.65 284,002.50 (987.53) (988.13) DTD 06/23/2026 4.390% 02/15/2031

2.18 4.59
HART 2026-A A3 448981AD2 165,000.00 BOFAML 98.57 162,636.21 (2,352.65) (2,354.15) DTD 02/18/2026 3.790% 02/18/2031

1.96 4.55
BACCT 2026-A1 A 05522RDL9 515,000.00 BOFAML 99.17 510,739.92 (4,208.27) (4,211.80) DTD 05/14/2026 4.220% 04/15/2031

2.50 4.59
COMET 2026-A1 A 14041NGJ4 555,000.00 Barclays 99.87 554,302.37 (568.65) (569.61) DTD 07/16/2026 4.480% 07/15/2031

2.71 4.57
Security Type Sub-Total 6,770,565.80 6,761,001.83 (12,365.86) (11,587.95) 1.41 4.39 PFM Asset Management, a division of Page 21
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending July 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
Managed Account Sub-Total 57,292,089.00 56,608,955.41 (298,091.86) (536,674.03) 2.48 4.42 Joint Powers Authority
CAMP Pool 679,582.02 1.00 679,582.02 0.00 0.00 0.00
Liquid Sub-Total 679,582.02 679,582.02 0.00 0.00 0.00
Total Investments $57,646,433.62
$357,896.19
$57,288,537.43
Accrued Interest
Securities Sub-Total $57,971,671.02 ($298,091.86) ($536,674.03) 2.48 4.42% PFM Asset Management, a division of Page 22
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending July 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
07/16/26 COMET 2026-A1 A
DTD 07/16/2026 4.480% 07/15/2031
07/09/26 14041NGJ4 555,000.00 (554,871.02) 0.00 (554,871.02) Transaction Type Sub-Total 555,000.00 (554,871.02) 0.00 (554,871.02)

INTEREST
07/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
07/01/26 3137HAD45 0.00 1,660.48 1,660.48
07/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
07/01/26 3137BTUM1 0.00 993.36 993.36
07/25/26 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
07/01/26 3137HAQ74 0.00 1,975.00 1,975.00
07/25/26 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
07/01/26 3137HDV56 0.00 1,730.67 1,730.67
07/25/26 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
07/01/26 3137HKXJ8 0.00 698.25 698.25
07/25/26 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
07/01/26 3137HDXL9 0.00 1,873.99 1,873.99
07/25/26 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
07/01/26 3137BXQY1 0.00 1,477.67 1,477.67
07/25/26 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
07/01/26 3137HBLV4 0.00 1,104.90 1,104.90
07/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.172% 07/01/2028
07/01/26 3136BQDE6 0.00 1,768.83 1,768.83
07/25/26 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
07/01/26 3137BSP72 0.00 1,006.07 1,006.07
07/25/26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
07/01/26 3137HAMH6 0.00 3,100.00 3,100.00
07/25/26 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
07/01/26 3137HB3G7 0.00 1,113.75 1,113.75
07/25/26 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
07/01/26 3137HB3D4 0.00 760.35 760.35
07/25/26 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
07/01/26 3137HAMS2 0.00 2,000.00 2,000.00
PFM Asset Management, a division of Page 23
U.S. Bancorp Asset Management, Inc.

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

INTEREST
07/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
07/01/26 3137HBC69 0.00 1,046.17 1,046.17
07/25/26 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
07/01/26 3137HAST4 0.00 1,515.63 1,515.63
07/25/26 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
07/01/26 3137F1G44 0.00 1,486.38 1,486.38
07/25/26 FNA 2026-M11 2A2
DTD 05/01/2026 4.250% 05/01/2031
07/01/26 3136G5V64 0.00 1,452.08 1,452.08
07/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
07/01/26 3137HACX2 0.00 2,218.81 2,218.81
07/08/26 CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
07/08/26 14913R2U0 0.00 1,912.50 1,912.50
07/12/26 TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
07/12/26 89236TKQ7 0.00 8,671.88 8,671.88
07/13/26 TOTALENERGI CAP USA LLC
(CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
07/13/26 89158TAA7 0.00 12,213.00 12,213.00
07/14/26 JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
07/14/26 24422EXB0 0.00 9,281.25 9,281.25
07/14/26 MORGAN STANLEY BANK NA
(CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
07/14/26 61690U8E3 0.00 13,041.00 13,041.00
07/15/26 TAOT 2026-B A3
DTD 04/21/2026 4.130% 12/16/2030
07/15/26 89240QAD7 0.00 791.58 791.58
07/15/26 TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
07/15/26 87612EBM7 0.00 390.00 390.00
07/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
07/15/26 41285JAD0 0.00 36.43 36.43
07/15/26 FORDO 2026-B A3
DTD 06/23/2026 4.390% 02/15/2031
07/15/26 34536DAD5 0.00 764.59 764.59
07/15/26 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
07/15/26 437921AD1 0.00 397.71 397.71
07/15/26 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
07/15/26 448981AD2 0.00 521.12 521.12
PFM Asset Management, a division of Page 24
U.S. Bancorp Asset Management, Inc.

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

INTEREST
07/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
07/15/26 31680EAD3 0.00 518.86 518.86
07/15/26 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
07/15/26 89240KAD0 0.00 450.33 450.33
07/15/26 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
07/15/26 65480JAC4 0.00 1.30 1.30
07/15/26 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
07/15/26 92970QAJ4 0.00 1,754.08 1,754.08
07/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
07/15/26 891940AC2 0.00 95.32 95.32
07/15/26 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
07/15/26 05522RDK1 0.00 897.92 897.92
07/15/26 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
07/15/26 161571HT4 0.00 1,741.50 1,741.50
07/15/26 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
07/15/26 02582JKD1 0.00 1,786.92 1,786.92
07/15/26 BACCT 2026-A1 A
DTD 05/14/2026 4.220% 04/15/2031
07/15/26 05522RDL9 0.00 1,811.08 1,811.08
07/15/26 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
07/15/26 05522RDH8 0.00 747.00 747.00
07/15/26 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
07/15/26 02582JKH2 0.00 2,157.37 2,157.37
07/15/26 MBART 2026-1 A3
DTD 05/20/2026 4.360% 10/15/2030
07/15/26 58769MAD2 0.00 1,435.17 1,435.17
07/15/26 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
07/15/26 58773DAD6 0.00 2,190.83 2,190.83
07/16/26 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
07/16/26 362549AD9 0.00 321.00 321.00
07/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
07/18/26 43815QAC1 0.00 361.38 361.38
07/20/26 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
07/20/26 73329KAD8 0.00 384.17 384.17
07/20/26 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
07/20/26 92348KDY6 0.00 1,559.71 1,559.71
PFM Asset Management, a division of Page 25
U.S. Bancorp Asset Management, Inc.

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

INTEREST
07/20/26 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
07/20/26 05594BAD8 0.00 290.00 290.00
07/21/26 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
07/21/26 43815CAD0 0.00 456.75 456.75
07/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
07/21/26 438123AC5 0.00 165.53 165.53
07/26/26 BANK OF NY MELLON CORP
(CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
07/26/26 06406RBA4 0.00 4,868.75 4,868.75
07/31/26 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
07/31/26 91282CMG3 0.00 201,875.00 201,875.00
Transaction Type Sub-Total 0.00 302,873.42 302,873.42

PAYDOWNS
07/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
07/01/26 3137BTUM1 2,730.25 2,730.25 0.00 2,730.25 84.04 9.60 07/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
07/01/26 3137HACX2 1,099.98 1,099.98 0.00 1,099.98 (10.99) (4.42) 07/25/26 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
07/01/26 3137BSP72 252,809.61 252,809.61 0.00 252,809.61 10,645.66 473.92 07/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
07/01/26 3137HAD45 144,281.06 144,281.06 0.00 144,281.06 3.60 1.45 07/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.172% 07/01/2028
07/01/26 3136BQDE6 12,838.79 12,838.79 0.00 12,838.79 217.66 90.27 07/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
07/01/26 3137HBC69 1,428.03 1,428.03 0.00 1,428.03 0.01 0.00 07/15/26 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
07/15/26 65480JAC4 349.82 349.81 0.00 349.81 0.06 0.00
07/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
07/15/26 891940AC2 8,620.52 8,620.52 0.00 8,620.52 0.00 0.00 07/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
07/15/26 31680EAD3 14,623.87 14,623.87 0.00 14,623.87 0.91 0.38 07/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
07/15/26 41285JAD0 6,554.26 6,554.26 0.00 6,554.26 0.66 0.19 PFM Asset Management, a division of Page 26
U.S. Bancorp Asset Management, Inc.

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

PAYDOWNS
07/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
07/18/26 43815QAC1 12,220.17 12,220.17 0.00 12,220.17 2.52 0.89 07/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
07/21/26 438123AC5 3,556.91 3,556.91 0.00 3,556.91 0.63 0.28 Transaction Type Sub-Total 461,113.27 461,113.26 0.00 461,113.26 10,944.76 572.56 SELL
07/16/26 US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
07/09/26 91282CEV9 475,000.00 462,401.37 671.20 463,072.57 2,616.21 (1,903.20) FIFO Transaction Type Sub-Total 475,000.00 462,401.37 671.20 463,072.57 2,616.21 (1,903.20) Managed Account Sub-Total 368,643.61 303,544.62 672,188.23 13,560.97 (1,330.64) Total Security Transactions $368,643.61 $303,544.62 $672,188.23 $13,560.97 ($1,330.64) PFM Asset Management, a division of Page 27
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending July 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 11,542.53
07/08/26 07/08/26 Purchase - Interest 14913R2U0 1.00 1,912.50 13,455.03 07/13/26 07/13/26 Purchase - Interest 89158TAA7 1.00 12,213.00 25,668.03 07/13/26 07/13/26 Purchase - Interest 89236TKQ7 1.00 8,671.88 34,339.91 07/14/26 07/14/26 Purchase - Interest 24422EXB0 1.00 9,281.25 43,621.16 07/14/26 07/14/26 Purchase - Interest 61690U8E3 1.00 13,041.00 56,662.16 07/15/26 07/15/26 Purchase - Interest 87612EBM7 1.00 390.00 57,052.16 07/15/26 07/15/26 Purchase - Interest 02582JKD1 1.00 1,786.92 58,839.08 07/15/26 07/15/26 Purchase - Interest 02582JKH2 1.00 2,157.37 60,996.45 07/15/26 07/15/26 Purchase - Interest 05522RDH8 1.00 747.00 61,743.45 07/15/26 07/15/26 Purchase - Interest 05522RDK1 1.00 897.92 62,641.37 07/15/26 07/15/26 Purchase - Interest 05522RDL9 1.00 1,811.08 64,452.45 07/15/26 07/15/26 Purchase - Interest 161571HT4 1.00 1,741.50 66,193.95 07/15/26 07/15/26 Purchase - Interest 31680EAD3 1.00 518.86 66,712.81 07/15/26 07/15/26 Purchase - Interest 34536DAD5 1.00 764.59 67,477.40 07/15/26 07/15/26 Purchase - Interest 41285JAD0 1.00 36.43 67,513.83 07/15/26 07/15/26 Purchase - Interest 437921AD1 1.00 397.71 67,911.54 07/15/26 07/15/26 Purchase - Interest 448981AD2 1.00 521.12 68,432.66 07/15/26 07/15/26 Purchase - Interest 58769MAD2 1.00 1,435.17 69,867.83 07/15/26 07/15/26 Purchase - Interest 58773DAD6 1.00 2,190.83 72,058.66 07/15/26 07/15/26 Purchase - Interest 65480JAC4 1.00 1.30 72,059.96 07/15/26 07/15/26 Purchase - Interest 891940AC2 1.00 95.32 72,155.28 PFM Asset Management, a division of Page 28
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending July 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
07/15/26 07/15/26 Purchase - Interest 89240KAD0 1.00 450.33 72,605.61 07/15/26 07/15/26 Purchase - Interest 89240QAD7 1.00 791.58 73,397.19 07/15/26 07/15/26 Purchase - Interest 92970QAJ4 1.00 1,754.08 75,151.27 07/15/26 07/15/26 Purchase - Principal 31680EAD3 1.00 14,623.87 89,775.14 07/15/26 07/15/26 Purchase - Principal 41285JAD0 1.00 6,554.26 96,329.40 07/15/26 07/15/26 Purchase - Principal 65480JAC4 1.00 349.81 96,679.21 07/15/26 07/15/26 Purchase - Principal 891940AC2 1.00 8,620.52 105,299.73 07/16/26 07/16/26 Purchase - Interest 362549AD9 1.00 321.00 105,620.73 07/16/26 07/16/26 Purchase - Principal 91282CEV9 1.00 462,401.37 568,022.10 07/16/26 07/16/26 Purchase - Interest 91282CEV9 1.00 671.20 568,693.30 07/16/26 07/16/26 Redemption - Principal 14041NGJ4 1.00 (554,871.02) 13,822.28 07/20/26 07/20/26 Purchase - Interest 92348KDY6 1.00 1,559.71 15,381.99 07/20/26 07/20/26 Purchase - Interest 73329KAD8 1.00 384.17 15,766.16 07/20/26 07/20/26 Purchase - Interest 43815QAC1 1.00 361.38 16,127.54 07/20/26 07/20/26 Purchase - Interest 05594BAD8 1.00 290.00 16,417.54 07/20/26 07/20/26 Purchase - Principal 43815QAC1 1.00 12,220.17 28,637.71 07/21/26 07/21/26 Purchase - Interest 438123AC5 1.00 165.53 28,803.24 07/21/26 07/21/26 Purchase - Interest 43815CAD0 1.00 456.75 29,259.99 07/21/26 07/21/26 Purchase - Principal 438123AC5 1.00 3,556.91 32,816.90 07/27/26 07/27/26 Purchase - Interest 06406RBA4 1.00 4,868.75 37,685.65 07/27/26 07/27/26 Purchase - Interest 3137BXQY1 1.00 1,477.67 39,163.32 07/27/26 07/27/26 Purchase - Interest 3137F1G44 1.00 1,486.38 40,649.70 PFM Asset Management, a division of Page 29
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending July 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
07/27/26 07/27/26 Purchase - Interest 3137HACX2 1.00 2,208.71 42,858.41 07/27/26 07/27/26 Purchase - Interest 3137HAD45 1.00 1,660.48 44,518.89 07/27/26 07/27/26 Purchase - Interest 3137HAMH6 1.00 3,100.00 47,618.89 07/27/26 07/27/26 Purchase - Interest 3137HAMS2 1.00 2,000.00 49,618.89 07/27/26 07/27/26 Purchase - Interest 3137HAQ74 1.00 1,975.00 51,593.89 07/27/26 07/27/26 Purchase - Interest 3137HAST4 1.00 1,515.63 53,109.52 07/27/26 07/27/26 Purchase - Interest 3137HB3D4 1.00 760.35 53,869.87 07/27/26 07/27/26 Purchase - Interest 3137HB3G7 1.00 1,113.75 54,983.62 07/27/26 07/27/26 Purchase - Interest 3137HBC69 1.00 1,046.17 56,029.79 07/27/26 07/27/26 Purchase - Correction to Interest 3136BQDE6 from 07/25/2026 1.00 1,768.83 57,798.62 07/27/26 07/27/26 Purchase - Interest 3136BQDE6 1.00 1,752.08 59,550.70 07/27/26 07/27/26 Purchase - Interest 3136G5V64 1.00 1,452.08 61,002.78 07/27/26 07/27/26 Purchase - Interest 3137BSP72 1.00 1,006.07 62,008.85 07/27/26 07/27/26 Purchase - Interest 3137BTUM1 1.00 993.36 63,002.21 07/27/26 07/27/26 Purchase - Interest 3137HBLV4 1.00 1,104.90 64,107.11 07/27/26 07/27/26 Purchase - Interest 3137HDV56 1.00 1,730.67 65,837.78 07/27/26 07/27/26 Purchase - Interest 3137HDXL9 1.00 1,873.99 67,711.77 07/27/26 07/27/26 Purchase - Interest 3137HKXJ8 1.00 698.25 68,410.02 07/27/26 07/27/26 Purchase - Principal 3137BTUM1 1.00 2,730.26 71,140.28 07/27/26 07/27/26 Purchase - Principal 3137HBC69 1.00 1,428.03 72,568.31 07/27/26 07/27/26 Purchase - Principal 3136BQDE6 1.00 12,838.79 85,407.10 07/27/26 07/27/26 Purchase - Principal 3137HACX2 1.00 1,099.98 86,507.08 PFM Asset Management, a division of Page 30
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending July 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
07/27/26 07/27/26 Redemption - Reversal of Interest 3136BQDE6 from 07/25/2026 1.00 (1,752.08) 84,755.00 07/28/26 07/28/26 Purchase-Interest 3137HACX2 1.00 2,218.81 86,973.81 07/28/26 07/28/26 Purchase-Principal 3137HAD45 1.00 144,281.06 231,254.87 07/28/26 07/28/26 Purchase-Principal 3137BSP72 1.00 252,809.61 484,064.48 07/28/26 07/28/26 Purchase-Principal 3137BTUM1 1.00 2,730.25 486,794.73 07/28/26 07/28/26 Redemption-Interest 3137HACX2 1.00 (2,208.71) 484,586.02 07/28/26 07/28/26 Redemption-Principal 3137BTUM1 1.00 (2,730.26) 481,855.76 07/29/26 07/29/26 IP Fees June 2026 1.00 (4,200.52) 477,655.24 07/29/26 07/29/26 U.S. Bank Fees May 2026 1.00 (242.71) 477,412.53 07/31/26 07/31/26 Purchase - Interest 91282CMG3 1.00 201,875.00 679,287.53 07/31/26 08/03/26 Accrual Income Div Reinvestment - Distributions 1.00 294.49 679,582.02 PFM Asset Management, a division of Page 31
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending July 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 679,582.02
679,582.02
679,582.02
91,168.41
5,662.24

0.00 (21,239,224.70)
20,964,238.73
954,567.99
294.49
679,582.02

0.00 (566,005.30)
1,234,044.79
11,542.53
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
July January-July

3.78%
PFM Asset Management, a division of Page 32
U.S. Bancorp Asset Management, Inc.

Investment Performance Review
For the Quarter Ended June 30, 2026
PFM Asset Management
A division of U.S. Bancorp Asset Management, Inc
213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public

CITY OF LAKE ELSINORE

CITY OF LAKE ELSINORE
633 W 5th Street, 25th Floor
Los Angeles, CA 90071
213-356-2010
Market Update
Market Update
PFM Asset Management | pfmam.com 2
Current Market Themes
▸ U.S. growth remains resilient as AI-driven investment offsets a moderating consumer ▹ Headline inflation may be at or near its peak as the energy shock fades, though flare-ups in the Middle East conflict and potential delayed passthroughs to core inflation remain key risks ▹ The labor market is in balance, though real wage growth remains modest ▹ AI investment continues to drive growth while fueling inflation in tech-related categories ▸ The Federal Reserve (Fed) left policy rates unchanged at 3.50-3.75% ▹ New Fed Chair Kevin Warsh stressed restoring price stability ▹ Forward guidance was removed to refocus markets on economic fundamentals and incoming data rather than the Fed's policy response
▹ Nine participants projected a 2026 rate hike though Warsh did not submit projections ▸ Treasury yields moved higher on a more hawkish Fed
▹ Given current pricing of Fed rate hikes, we continue to find value in the front end ▹ Longer-term rates face two-sided risks from inflation and growth dynamics ▹ Credit spreads remain tight as resilient growth, stable labor conditions, and strong demand outweigh valuation concerns
Source: Details on market themes and economic indicators provided throughout the body of the presentation. Bloomberg Finance L.P., as of June 30, 2026.

For the Quarter Ended June 30, 2026
CITY OF LAKE ELSINORE Market Update
PFM Asset Management | pfmam.com 3
Source: Bloomberg Finance L.P. and Bureau of Labor Statistics. CPI as of May 2026. Market implied inflation expectations shown using 1-year and 5-year inflation swaps as of June 30, 2026.

For the Quarter Ended June 30, 2026
Market Update
Implications of the Energy Shock
▸ Higher energy costs lift headline inflation but the Fed remains attentive to broader passthroughs to core goods and services
▹ Oil prices ended the quarter near pre-conflict levels after peaking in April ▹ Headline inflation may be at or near peak as energy supply normalizes ▹ Fed remains focused on long-run inflation expectations

2.1%

2.4%
2%
3%
4%
Jun-25 Sep-25 Dec-25 Mar-26 Jun-26
Forward Inflation Expectations
June 30, 2025 to June 30, 2026
1-year 5-year
Energy prices push
headline CPI higher

4.2%

2.9%
0%
1%
2%
3%
4%
5%
May-25 Aug-25 Nov-25 Feb-26 May-26
Consumer Price Index
Year-over-Year Change
CPI Core CPI

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 4
3Q26

4.4% 4Q26

4.3%
2Q27
Jun ‘26 4.3%

4.2%

3.0%

3.5%

4.0%

4.5%

5.0%
Jun-23 Jun-24 Jun-25 Jun-26 Jun-27
Unemployment Rate
Mean Forecast
Actual
-2%
May-23
0%
The personal savings rate is near a
two-decade low at 3.0%
2%
4%
6%
8%
May-24 May-25 May-26
Real Spending & Income
Year-Over-Year Change
Real Personal Spending
Real Personal Income
For the Quarter Ended June 30, 2026
Market Update
Source: Bloomberg Finance L.P. and Bureau of Economic Analysis as of May 2026. Bureau of Labor Statistics as of June 2026. Survey responses after June 26, 2026, included in mean and forecast range. Shading represents the central 80% of the forecasts.

Labor Market Remains Balanced But Purchasing Power Erodes

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 5
Source: Bloomberg Finance L.P. and Bureau of Economic Analysis as of March 2026. Tech investment contains contributions to GDP from computers and peripheral equipment, information processing For the Quarter Ended June 30, 2026
Market Update
Technology Investment Offsets Moderating Consumption

2.9%

2.5%

4.7%

3.4%

0.8%

3.6%

3.3%

1.9%
-0.6%

3.8%

4.4%

0.5%

2.1%
-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%
1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 Contribution to U.S. Real GDP
Tech Investment GDP Personal Consumption
contributed 0.4% to 1Q26 GDP,
the lowest amount since 2022

CITY OF LAKE ELSINORE
equipment, and software.

PFM Asset Management | pfmam.com 6
Sources: Bloomberg Finance L.P. as of June 30, 2026, Bureau of Economic Analysis as of March 31, 2026, and Department of Labor as of June 19, 2026. Survey responses after June 26, 2026, included Factors Shaping Our Economic Outlook
For the Quarter Ended June 30, 2026
Market Update
▸ Geopolitical uncertainty and
supply chain disruptions
▸ Savings rate near record low
▸ Increasing retail credit card
balances
▸ Fed policy uncertainty
▸ Core inflation passthrough from
energy shock modest thus far
▸ U.S. growth near trend but led
by AI investment
▸ Low layoffs and stable
unemployment rate
▸ Corporate fundamentals
▸ Supportive fiscal policy
Negative Neutral Positive
0 10
20 30
40 50
60 Mar-26 Apr-26 May-26 Jun-26
Hormuz Ship Traffic
Daily Volume

4.4%

0.5%

2.1%

2.5%

1.9%
0%
1%
2%
3%
4%
5%
Q3 '25 Q4 '25 Q1 '26 Q2 '26 Q3 '26
U.S. GDP Forecasts
Range Actual Median Forecast
215
in median and forecast range. Shading represents the central 80% of the forecasts. 150
170
190
210
230
250
270
290
Jun-22 Jun-23 Jun-24 Jun-25 Jun-26
Initial Jobless Claims
Jobless claims remain
low and stable

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 7
For the Quarter Ended June 30, 2026
Market Update
Hawkish Lean Less Forward Guidance New Task Forces
▸ Fed voted unanimously to keep
rates unchanged
Source: Federal Reserve and Kevin Warsh as of June 17, 2026. ▸ New Chair Kevin Warsh
reaffirmed commitment to 2%
inflation target, noting the Fed has
“some work to do”
▸ Dot plot showed 9 of 18
participants projected at least one
hike in 2026
▸ Five task forces established with
initial findings expected by yearend
▸ Covers communications, balance
sheet, data, productivity and jobs,
and inflation framework
▸ 2% inflation target not in scope of
task forces
▸ Statement pared back and more
factual in nature
▸ No dot or projections submitted by
Warsh
▸ Chair Warsh argued markets
should focus on economic
fundamentals and incoming data
rather than anticipated policy
responses
New Fed Leadership and a Modified Approach

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 8
Source: Federal Reserve; Bloomberg Finance L.P. Individual dots represent each Fed member’s judgement of the midpoint of the appropriate target range for the federal funds rate at each year-end. As of For the Quarter Ended June 30, 2026
Market Update
The Latest Fed “Dot Plot”
The Fed acknowledged inflation remained above the 2% target. However, it noted economic growth is expanding at a solid pace while the unemployment rate has remained little changed.

Fed Participants’Assessments of ‘Appropriate’ Monetary Policy 5%
0%
1%
2%
3%
4%
Jun-26 FOMC Projections
Mar-26 Median
Jun-26 Median
2026

3.8%
2027

3.6%
Longer Term

3.1%
June 17, 2026.
2028

3.4%

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 9

2.3%

2.0% 2.0%
0%
1%
2%
3%
4%
2026 2027 2028 Longer
Run
PCE Inflation
Mar Projections Jun Projections

3.6%

2.2% 2.3% 2.2%

2.0%
0%
1%
2%
3%
2026 2027 2028 Longer
Run
Change in Real GDP
Mar Projections Jun Projections
For the Quarter Ended June 30, 2026
Market Update

4.3% 4.3% 4.2% 4.2%
0%
2%
4%
6%
2026 2027 2028 Longer
Run
Unemployment Rate
Mar Projections Jun Projections

3.8% 3.6% 3.4% 3.1%
1%
0%
3%
2%
5%
4%
2026 2027 2028 Longer
Run
Federal Funds Rate
Mar Projections Jun Projections
Source: Federal Reserve, latest economic projections as of June 2026.

Fed’s Updated Summary of Economic Projections

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 10
For the Quarter Ended June 30, 2026
Market Update

3.50%

3.75%

4.00%

4.25%
Mar-26 Apr-26 May-26 Jun-26
2-Year Treasury Yield Moves Higher
2-Year U.S. Treasury Yield
March 31, 2026 – June 30, 2026
Apr 29th
Fed signals a long
pause given uncertainty
from the energy shock
Jun 17th
Fed meeting more
hawkish than expected
May 11-15th
CPI and PPI exceeded
expectations and provided
the first indication of the
impact of the energy shock
May 29th
Announcement of
tentative agreement
between U.S. & Iran
Source: Bloomberg Finance L.P., as of June 30, 2026.

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 11
For the Quarter Ended June 30, 2026
Market Update

4.00%

3.81%

4.17%

4.23%

4.34%

4.47%

4.96% 4.95%

3.00%

3.50%

4.50%

5.00%

5.50%
Yield
Maturity
Treasury Yields Rise Across the Curve
U.S. Treasury Yield Curve
1 Year Range
June 30, 2026
March 31, 2026
Source: Bloomberg Finance L.P., as of June 30, 2026.
3mo 2yr 5yr 7yr 10yr 20yr 30yr

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 12
Source: ICE BofA 1-5 year Indices via Bloomberg Finance L.P. as of June 30, 2026. Spreads on ABS and MBS are option-adjusted spreads based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.

For the Quarter Ended June 30, 2026
Market Update
100
80 60
40 20
0 -20 Federal
Agency
Agency
CMBS
Mortgage
Backed
AAA Auto
ABS
AAA Credit
Card ABS
AAA
Corp
AA
Corp
A
Corp
BBB
Corp
Sector Yield Spreads
1-5 Year Yield Spreads
2026 Range 6/30/2026 3/31/2026
CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index.

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 13
Fixed-Income Index Excess Returns
For the Quarter Ended June 30, 2026
Market Update

0.00%
-0.04%

0.17%

0.80%

0.18%

0.47% 0.46%

0.83%
-0.25%

0.00%

0.25%

0.50%

0.75%

1.00%
2Q26 1-Year
Federal Agency
Excess Returns
1-5 Year Indices
Agency CMBS ABS Corp A-AAA
Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. Agency CMBS represented by ICE BofA Agency CMBS Index. As of June 30, 2026.

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 14
For the Quarter Ended June 30, 2026
Market Update
Fixed-Income Index Total Returns in 2Q 2026
1-5 Year Indices

2.71%

2.99%

3.95%

3.65%

4.25%
0%
1%
2%
3%
4%
5%
U.S. Treasury
Agency
ABS
Corp
A-AAA
Corp BBB
1-Year Return

0.23%
Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of June 30, 2026.

0.33%

0.75% 0.71%

1.09%
0%
1%
2%
3%
4%
5%
U.S. Treasury
Agency
ABS
Corp
A-AAA
Corp BBB
Second Quarter 2026 Returns

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 15
2-Year Treasury Yield Remains Attractive
For the Quarter Ended June 30, 2026
Market Update

4.17%
0%
1%
2%
3%
4%
5%
6%
2016 2018 2020 2022 2024 2026
2-Year Treasury
2-Year Treasury Yield
10-Year Avg 20-Year Avg Fed Funds Upper Bound
Source: Bloomberg Finance L.P., as of June 30, 2026.

2.46%

1.88%

CITY OF LAKE ELSINORE
PFM Asset Management | pfmam.com 16
Portfolio Review
Portfolio Review
PFM Asset Management | pfmam.com 17

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Portfolio Snapshot

1. Total market value includes accrued interest and balances invested in CAMP, as of June 30, 2026.

Yield and duration calculations exclude balances invested in CAMP.

The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg Financial LP.

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.

Portfolio Snapshot – CAMP - LAKE ELSINORE CITY FUNDS¹
Credit Quality - S&P
15% 16%
32%
36%
1%
5%
35%
28%
21%
11%
10%
0%
30%
20%
40%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 47%
Corporate | 28%
Agency CMBS | 14%
ABS | 11%
Municipal | <1%
Joint Powers Authority | <1%
Sector Allocation
AAA| 9%
AAAm | <1%
AA+ | 63%
AA| 2%
AA- | 4%
A+ | 7%
A | 6%
A- | 3%
BBB+ | 2%
Not Rated | 4%
Portfolio Statistics
Total Market Value
Managed Account Sub-Total
Accrued Interest
Pool
Portfolio Effective Duration
Benchmark Effective Duration
Yield At Cost
Yield At Market
Portfolio Credit Quality
$57,697,486.12
$57,217,104.72
$468,838.87
$11,542.53

2.53 years

2.46 years

4.18%

4.31%
AA
PFM Asset Management | pfmam.com 18

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Portfolio Summary
<1.0%

10.9%

27.5%
<1.0%

14.1%

47.1%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Joint Powers Authority - $11,543
ABS - $6,273,869
Corporate - $15,883,397
Municipal - $204,101
Agency CMBS - $8,122,614
U.S. Treasury - $27,201,963
PortfolioAllocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided.

PFM Asset Management | pfmam.com 19

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Compliance
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended June 30, 2026, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.

PFM Asset Management | pfmam.com 20

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Portfolio Activity
Portfolio Activity – CAMP - LAKE ELSINORE CITY FUNDS
Net Activity by Sector
($ millions)
U.S. Treasury
ABS
Agency CMBS
Corporate
($10.0) ($5.0) $0.0 $10.0
Sales/Maturities
$5.0
Purchases
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net Activity
Corporate $1,184,583
Agency CMBS $266,862
ABS $19,009
U.S. Treasury ($839,058)
Total Net Activity $631,396
PFM Asset Management | pfmam.com 21

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Portfolio Characteristics
Historical Sector Allocation – CAMP - LAKE ELSINORE CITY FUNDS 49%
14%
26%
11%Mar-26
47%
14%
28%
11%Jun-26
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM.

PFM Asset Management | pfmam.com 22

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Portfolio Performance

1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is September 30, 2010.

2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.

3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.

4. The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg Financial LP.

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%
Return
Portfolio Performance
Portfolio Benchmark
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years¹ Interest Earned² $571,304 $2,107,832 $5,358,040 $6,437,388 $9,673,285 Change in Market Value ($356,285) ($350,970) $2,119,234 ($336,318) $258,238 Total Dollar Return $215,019 $1,756,862 $7,477,274 $6,101,070 $9,931,523 Total Return³
Portfolio 0.36% 3.10% 4.72% 1.85% 1.99%
Benchmark⁴ 0.23% 2.71% 4.30% 1.51% 1.64%
3 Months 1 Year 3 Years 5 Years 10 Years
Difference 0.13% 0.40% 0.41% 0.34% 0.35%
PFM Asset Management | pfmam.com 23

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Portfolio Performance

1. The lesser of 10 years or since inception is shown. Performance inception date is September 30, 2010.

2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.

3. Realized gains / (losses) are shown on an amortized cost basis.

Accrual Basis Earnings – CAMP - LAKE ELSINORE CITY FUNDS Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned² $571,304 $2,107,832 $5,358,040 $6,437,388 $9,673,285 Realized Gains / (Losses)³ $47,746 $212,175 ($461,490) ($884,485) ($334,271) Change in Amortized Cost $25,050 $259,525 $1,004,402 $1,196,008 $1,138,536 Total Earnings $644,100 $2,579,532 $5,900,951 $6,748,912 $10,477,549 PFM Asset Management | pfmam.com 24

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Portfolio Summary
Issuer Diversification
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds.

Security Type / Issuer Market Value (%) S&P / Moody's / Fitch U.S. Treasury 47.2%
United States Treasury 47.2% AA / Aa / AA
Agency CMBS 14.1%
Federal Home Loan Mortgage Corp 12.5% AA / Aa / AA
Federal National Mortgage Association 1.6% AA / Aa / AA Municipal 0.4%
State of California 0.4% AA / Aa / AA
Corporate 27.5%
Adobe Inc 0.7% A / A / NR
Air Products and Chemicals Inc 0.6% A / A / NR
Amazon.com Inc 1.0% AA / A / AA
American Express Co 0.5% A / A / A
Analog Devices Inc 0.7% A / A / A
Apple Inc 1.3% AA / Aaa / NR
Bank of America Corp 1.0% A / A / AA
Bank of New York Mellon Corp 0.8% A / Aa / AA
Bayerische Motoren Werke AG 0.3% A / A / NR
Berkshire Hathaway Inc 0.8% AA / Aa / A
BlackRock Inc 1.4% AA / Aa / NR
Bristol-Myers Squibb Co 0.4% A / A / NR
Caterpillar Inc 0.4% A / A / A
Charles Schwab Corp 0.5% A / A / A
Cisco Systems Inc 0.7% AA / A / NR
Citigroup Inc 1.4% A / Aa / AA
Deere & Co 0.7% A / A / A
Goldman Sachs Group Inc 1.0% BBB / A / A
Home Depot Inc 0.7% A / A / A
Security Type / Issuer Market Value (%) S&P / Moody's / Fitch Corporate 27.5%
Honda Motor Co Ltd 0.7% BBB / A / A
JPMorgan Chase & Co 0.8% A / A / AA
Lockheed Martin Corp 0.1% A / A / A
Mars Inc 0.2% A / A / NR
Microsoft Corp 1.3% AAA / Aaa / NR
Morgan Stanley 0.9% A / Aa / AA
National Australia Bank Ltd 0.9% AA / Aa / NR
National Rural Utilities Cooperative Fi 0.6% A / A / A
Northern Trust Corp 1.0% A / A / A
Novartis AG 0.9% AA / Aa / NR
NVIDIA Corp 0.7% AA / Aa / NR
PACCAR Inc 0.7% A / A / NR
Shell PLC 1.0% A / Aa / AA
State Street Corp 0.4% A / Aa / AA
Target Corp 0.1% A / A / NR
Texas Instruments Inc 0.2% A / Aa / NR
TotalEnergies SE 1.0% A / Aa / NR
Toyota Motor Corp 0.7% A / A / A
Wells Fargo & Co 0.7% BBB / A / A
ABS 10.9%
American Express Co 1.6% AAA / NR / AAA
BA Credit Card Trust 1.6% AAA / Aaa / AAA
Bank of America Corp 0.1% NR / Aaa / AAA
Citigroup Inc 1.0% AAA / Aaa / NR
Fifth Third Auto Trust 0.2% AAA / Aaa / NR
Ford Credit Auto Owner Trust 0.5% AAA / NR / AAA
PFM Asset Management | pfmam.com 25

Security Type / Issuer Market Value (%) S&P / Moody's / Fitch ABS 10.9%
GM Financial Consumer Automobile Receiv 0.2% AAA / Aaa / NR Harley-Davidson Inc 0.0% NR / Aaa / AAA
Honda Auto Receivables Owner Trust 0.6% AAA / Aaa / AAA Hyundai Auto Receivables Trust 0.3% AAA / NR / AAA
JPMorgan Chase & Co 0.7% AAA / NR / AAA
Mercedes-Benz Auto Receivables Trust 1.6% AAA / Aaa / AAA Nissan Auto Receivables Owner Trust 0.0% AAA / Aaa / NR Porsche Innovative Lease Owner 0.2% AAA / NR / AAA
Toyota Auto Receivables Owner Trust 0.7% AAA / Aaa / AAA Verizon Master Trust 0.7% NR / Aaa / AAA
WF Card Issuance Trust 0.8% AAA / NR / AAA
Total 100.0%
PFM Asset Management | pfmam.com 26
Portfolio Transactions
Portfolio Transactions
PFM Asset Management | pfmam.com 27
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV) BUY
4/1/2026 4/7/2026 2,000,000.00 91282CNX5 US TREASURY N/B 3.62% 8/31/2030 1,982,330.16 3.94% 4/13/2026 4/20/2026 275,000.00 38141GE83 GOLDMAN SACHS GROUP INC (CALLABLE) 4.59% 4/20/2030 275,000.00 4.59% 4/14/2026 4/21/2026 230,000.00 89240QAD7 TAOT 2026-B A3 4.13% 12/16/2030 229,951.49 4.14% 4/14/2026 4/20/2026 300,000.00 38141GE83 GOLDMAN SACHS GROUP INC (CALLABLE) 4.59% 4/20/2030 300,324.00 4.56% 4/15/2026 4/23/2026 445,000.00 46647PFL5 JPMORGAN CHASE & CO (CALLABLE) 4.40% 4/23/2030 445,000.00 4.41% 5/1/2026 5/6/2026 3,000,000.00 91282CNX5 US TREASURY N/B 3.62% 8/31/2030 2,973,744.90 4.01% 5/7/2026 5/14/2026 515,000.00 05522RDL9 BACCT 2026-A1 A 4.22% 4/15/2031 514,948.19 4.22% 5/12/2026 5/20/2026 395,000.00 58769MAD2 MBART 2026-1 A3 4.36% 10/15/2030 394,913.97 4.37% 6/1/2026 6/4/2026 1,800,000.00 91282CNX5 US TREASURY N/B 3.62% 8/31/2030 1,776,662.37 4.21% 6/15/2026 6/18/2026 390,000.00 67066GAR5 NVIDIA CORP (CALLABLE) 4.50% 6/15/2031 389,259.00 4.54% 6/16/2026 6/23/2026 285,000.00 34536DAD5 FORDO 2026-B A3 4.39% 2/15/2031 284,990.03 4.39% 6/26/2026 6/29/2026 410,000.00 3136G5V64 FNA 2026-M11 2A2 4.25% 5/1/2031 406,358.41 4.53% 6/29/2026 6/30/2026 650,000.00 91282CNX5 US TREASURY N/B 3.62% 8/31/2030 644,963.82 4.15% Total BUY 10,695,000.00 10,618,446.34 0.00

INTEREST
4/1/2026 4/1/2026 808513BW4 CHARLES SCHWAB CORP (CALLABLE) 3.30% 4/1/2027 4,950.00 4/1/2026 4/25/2026 3136BQDE6 FNA 2023-M6 A2 4.17% 7/1/2028 1,760.08 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 28
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
4/1/2026 4/25/2026 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,463.52 4/1/2026 4/25/2026 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 999.97 4/1/2026 4/25/2026 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 4/1/2026 4/25/2026 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 4/1/2026 4/25/2026 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 4/1/2026 4/25/2026 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 4/1/2026 4/25/2026 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 4/1/2026 4/25/2026 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,704.90 4/1/2026 4/25/2026 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 4/1/2026 4/25/2026 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 4/1/2026 4/25/2026 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 4/1/2026 4/25/2026 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 4/1/2026 4/25/2026 3137HKXJ8 FHMS K539 A2 4.41% 1/1/2030 698.25 4/1/2026 4/25/2026 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 4/1/2026 4/25/2026 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 4/1/2026 4/25/2026 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 4/1/2026 4/25/2026 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 29
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
4/4/2026 4/4/2026 00724PAF6 ADOBE INC (CALLABLE) 4.80% 4/4/2029 9,000.00 4/15/2026 4/15/2026 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 897.92 4/15/2026 4/15/2026 448981AD2 HART 2026-A A3 3.79% 2/18/2031 521.12 4/15/2026 4/15/2026 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 397.71 4/15/2026 4/15/2026 89240KAD0 TAOT 2026-A A3 3.86% 9/16/2030 450.33 4/15/2026 4/15/2026 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 52.45 4/15/2026 4/15/2026 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 4/15/2026 4/15/2026 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 4/15/2026 4/15/2026 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 734.18 4/15/2026 4/15/2026 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 206.37 4/15/2026 4/15/2026 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 4/15/2026 4/15/2026 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 4/15/2026 4/15/2026 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 1,754.08 4/15/2026 4/15/2026 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 4/15/2026 4/15/2026 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 4/15/2026 4/15/2026 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 126.12 4/15/2026 4/15/2026 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 30
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
4/15/2026 4/15/2026 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,190.83 4/15/2026 4/15/2026 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 131.04 4/15/2026 4/15/2026 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 4/16/2026 4/16/2026 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 31.07 4/16/2026 4/16/2026 362549AD9 GMCAR 2025-2 A3 4.28% 4/16/2030 321.00 4/18/2026 4/18/2026 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 548.82 4/20/2026 4/20/2026 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 384.17 4/20/2026 4/20/2026 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 290.00 4/20/2026 4/20/2026 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 1,559.71 4/21/2026 4/21/2026 43815CAD0 HAROT 2026-1 A3 3.78% 9/23/2030 456.75 4/21/2026 4/21/2026 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 222.40 4/23/2026 4/23/2026 95000U3T8 WELLS FARGO & COMPANY (CALLABLE) 4.97% 4/23/2029 9,940.00 4/24/2026 4/24/2026 857477DB6 STATE STREET CORP (CALLABLE) 4.83% 4/24/2030 4,834.00 5/1/2026 5/25/2026 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 5/1/2026 5/25/2026 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 5/1/2026 5/25/2026 3136BQDE6 FNA 2023-M6 A2 4.17% 7/1/2028 1,752.37 5/1/2026 5/25/2026 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 31
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
5/1/2026 5/25/2026 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 5/1/2026 5/25/2026 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,702.88 5/1/2026 5/25/2026 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 5/1/2026 5/25/2026 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 5/1/2026 5/25/2026 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 5/1/2026 5/25/2026 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 5/1/2026 5/25/2026 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 997.82 5/1/2026 5/25/2026 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 5/1/2026 5/25/2026 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 5/1/2026 5/25/2026 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 5/1/2026 5/25/2026 3137HKXJ8 FHMS K539 A2 4.41% 1/1/2030 698.25 5/1/2026 5/25/2026 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,215.96 5/1/2026 5/25/2026 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,056.34 5/1/2026 5/25/2026 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 5/5/2026 5/5/2026 66989HAY4 NOVARTIS CAPITAL CORP (CALLABLE) 4.10% 11/5/2030 10,455.00 5/6/2026 5/6/2026 822905AN5 SHELL FINANCE US INC (CALLABLE) 4.12% 11/6/2030 11,859.38 5/8/2026 5/8/2026 69371RT71 PACCAR FINANCIAL CORP 4.55% 5/8/2030 9,100.00 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 32
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
5/9/2026 5/9/2026 06051GMT3 BANK OF AMERICA CORP (CALLABLE) 4.62% 5/9/2029 13,869.00 5/15/2026 5/15/2026 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 5/15/2026 5/15/2026 539830BZ1 LOCKHEED MARTIN CORP (CALLABLE) 4.45% 5/15/2028 1,335.00 5/15/2026 5/15/2026 448981AD2 HART 2026-A A3 3.79% 2/18/2031 521.12 5/15/2026 5/15/2026 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 5/15/2026 5/15/2026 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 94.04 5/15/2026 5/15/2026 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 397.71 5/15/2026 5/15/2026 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 771.08 5/15/2026 5/15/2026 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 5/15/2026 5/15/2026 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 111.41 5/15/2026 5/15/2026 89240KAD0 TAOT 2026-A A3 3.86% 9/16/2030 450.33 5/15/2026 5/15/2026 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 5/15/2026 5/15/2026 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 1,754.08 5/15/2026 5/15/2026 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 33.58 5/15/2026 5/15/2026 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 678.58 5/15/2026 5/15/2026 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,804.83 5/15/2026 5/15/2026 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,190.83 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 33
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
5/15/2026 5/15/2026 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 5/15/2026 5/15/2026 912828U24 US TREASURY N/B 2.00% 11/15/2026 750.00 5/15/2026 5/15/2026 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 897.92 5/15/2026 5/15/2026 89240QAD7 TAOT 2026-B A3 4.13% 12/16/2030 633.27 5/15/2026 5/15/2026 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 653.17 5/15/2026 5/15/2026 91324PEC2 UNITEDHEALTH GROUP INC (CALLABLE) 1.15% 5/15/2026 1,293.75 5/15/2026 5/15/2026 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 165.76 5/16/2026 5/16/2026 362549AD9 GMCAR 2025-2 A3 4.28% 4/16/2030 321.00 5/18/2026 5/18/2026 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 481.42 5/19/2026 5/19/2026 665859AY0 NORTHERN TRUST CORP 4.15% 11/19/2030 11,931.25 5/20/2026 5/20/2026 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 290.00 5/20/2026 5/20/2026 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 384.17 5/20/2026 5/20/2026 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 1,559.71 5/20/2026 5/20/2026 023135CT1 AMAZON.COM INC (CALLABLE) 4.10% 11/20/2030 11,787.50 5/21/2026 5/21/2026 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 202.18 5/21/2026 5/21/2026 43815CAD0 HAROT 2026-1 A3 3.78% 9/23/2030 456.75 6/1/2026 6/25/2026 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.99 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 34
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
6/1/2026 6/25/2026 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,515.63 6/1/2026 6/25/2026 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,050.62 6/1/2026 6/25/2026 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,113.75 6/1/2026 6/25/2026 3136BQDE6 FNA 2023-M6 A2 4.17% 7/1/2028 1,759.79 6/1/2026 6/25/2026 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 1,975.00 6/1/2026 6/25/2026 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 3,100.00 6/1/2026 6/25/2026 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,208.71 6/1/2026 6/25/2026 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 2,000.00 6/1/2026 6/25/2026 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,104.90 6/1/2026 6/25/2026 3137HKXJ8 FHMS K539 A2 4.41% 1/1/2030 698.25 6/1/2026 6/25/2026 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 1,886.85 6/1/2026 6/25/2026 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,486.38 6/1/2026 6/25/2026 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 1,477.67 6/1/2026 6/25/2026 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 1,122.81 6/1/2026 6/25/2026 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 760.35 6/1/2026 6/25/2026 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 995.53 6/1/2026 6/25/2026 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 1,730.67 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 35
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
6/9/2026 6/9/2026 63254ABE7 NATIONAL AUSTRALIA BK/NY 3.90% 6/9/2027 9,762.50 6/15/2026 6/15/2026 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 16.63 6/15/2026 6/15/2026 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,157.37 6/15/2026 6/15/2026 437921AD1 HAROT 2025-2 A3 4.15% 10/15/2029 397.71 6/15/2026 6/15/2026 92970QAJ4 WFCIT 2025-A1 A 4.34% 5/15/2030 1,754.08 6/15/2026 6/15/2026 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 92.33 6/15/2026 6/15/2026 89240QAD7 TAOT 2026-B A3 4.13% 12/16/2030 791.58 6/15/2026 6/15/2026 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 129.54 6/15/2026 6/15/2026 05522RDK1 BACCT 2025-A1 A 4.31% 5/15/2030 897.92 6/15/2026 6/15/2026 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,437.92 6/15/2026 6/15/2026 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 1,741.50 6/15/2026 6/15/2026 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 64.34 6/15/2026 6/15/2026 05522RDL9 BACCT 2026-A1 A 4.22% 4/15/2031 1,871.45 6/15/2026 6/15/2026 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 747.00 6/15/2026 6/15/2026 448981AD2 HART 2026-A A3 3.79% 2/18/2031 521.12 6/15/2026 6/15/2026 032654BE4 ANALOG DEVICES INC (CALLABLE) 4.50% 6/15/2030 9,000.00 6/15/2026 6/15/2026 58769MAD2 MBART 2026-1 A3 4.36% 10/15/2030 1,195.97 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 36
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

INTEREST
6/15/2026 6/15/2026 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 1,786.92 6/15/2026 6/15/2026 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 582.91 6/15/2026 6/15/2026 89240KAD0 TAOT 2026-A A3 3.86% 9/16/2030 450.33 6/15/2026 6/15/2026 58773DAD6 MBART 2025-1 A3 4.78% 12/17/2029 2,190.83 6/16/2026 6/16/2026 362549AD9 GMCAR 2025-2 A3 4.28% 4/16/2030 321.00 6/18/2026 6/18/2026 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 419.71 6/20/2026 6/20/2026 92348KDY6 VZMT 2025-3 A1A 4.51% 3/20/2030 1,559.71 6/20/2026 6/20/2026 73329KAD8 PILOT 2025-1A A3 4.61% 10/20/2028 384.17 6/20/2026 6/20/2026 05594BAD8 BAAT 2025-1A A3 4.35% 11/20/2029 290.00 6/21/2026 6/21/2026 17305EHA6 CCCIT 2025-A1 A 4.30% 6/21/2030 11,825.00 6/21/2026 6/21/2026 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 183.15 6/21/2026 6/21/2026 43815CAD0 HAROT 2026-1 A3 3.78% 9/23/2030 456.75 6/25/2026 6/25/2026 437076DC3 HOME DEPOT INC (CALLABLE) 4.75% 6/25/2029 8,906.25 6/30/2026 6/30/2026 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 176,718.75 Total INTEREST 0.00 468,705.54 0.00
For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 37
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

MATURITY
5/15/2026 5/15/2026 225,000.00 91324PEC2 UNITEDHEALTH GROUP INC (CALLABLE) 1.15% 5/15/2026 225,000.00 Total MATURITY 225,000.00 225,000.00 0.00

PAYDOWNS
4/1/2026 4/25/2026 37.38 3136BQDE6 FNA 2023-M6 A2 4.17% 7/1/2028 37.38 0.29 4/1/2026 4/25/2026 28,398.12 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 28,398.12 0.06 4/1/2026 4/25/2026 508.20 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 508.20 0.01 4/1/2026 4/25/2026 773.39 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 773.39 4.42 4/15/2026 4/15/2026 5,076.90 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 5,076.90 0.25 4/15/2026 4/15/2026 7,623.61 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 7,623.61 0.27 4/15/2026 4/15/2026 17,579.44 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 17,579.44 0.51 4/15/2026 4/15/2026 10,525.64 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 10,525.64 4/15/2026 4/15/2026 5,067.60 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 5,067.60 0.20 4/16/2026 4/16/2026 7,734.26 36265QAD8 GMCAR 2022-4 A3 4.82% 8/16/2027 7,734.26 0.35 4/18/2026 4/18/2026 14,949.14 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 14,949.14 1.26 4/21/2026 4/21/2026 4,280.55 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 4,280.55 0.37 5/1/2026 5/25/2026 613.99 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 613.99 0.01 5/1/2026 5/25/2026 1,412.86 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,412.86 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 38
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

PAYDOWNS
5/1/2026 5/25/2026 42,134.81 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 42,134.81 166.75 5/1/2026 5/25/2026 44.35 3136BQDE6 FNA 2023-M6 A2 4.17% 7/1/2028 44.35 0.34 5/1/2026 5/25/2026 819.01 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 819.01 4.08 5/15/2026 5/15/2026 7,056.87 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 7,056.87 0.23 5/15/2026 5/15/2026 170,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 170,000.00 15.67 5/15/2026 5/15/2026 4,560.91 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 4,560.91 0.20 5/15/2026 5/15/2026 15,244.54 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 15,244.54 0.43 5/15/2026 5/15/2026 190,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 190,000.00 6.85 5/15/2026 5/15/2026 9,389.10 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 9,389.10 5/15/2026 5/15/2026 4,923.77 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 4,923.77 0.18 5/15/2026 5/15/2026 490,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 490,000.00 45.17 5/18/2026 5/18/2026 13,689.16 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 13,689.16 1.10 5/21/2026 5/21/2026 4,026.40 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 4,026.40 0.34 6/1/2026 6/25/2026 37.75 3136BQDE6 FNA 2023-M6 A2 4.17% 7/1/2028 37.75 0.28 6/1/2026 6/25/2026 10,036.46 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 10,036.46 0.11 6/1/2026 6/25/2026 1,098.89 3137HBC69 FHMS KJ48 A1 4.85% 5/1/2028 1,098.89 6/1/2026 6/25/2026 778.74 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 778.74 3.31 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 39
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV)

PAYDOWNS
6/1/2026 6/25/2026 52,802.96 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 52,802.96 153.98 6/15/2026 6/15/2026 13,900.50 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 13,900.50 0.38 6/15/2026 6/15/2026 4,376.31 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 4,376.31 0.16 6/15/2026 6/15/2026 8,867.38 891940AC2 TAOT 2023-A A3 4.63% 9/15/2027 8,867.38 6/15/2026 6/15/2026 350,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 350,000.00 19.05 6/15/2026 6/15/2026 4,123.27 65480JAC4 NAROT 2022-B A3 4.46% 5/17/2027 4,123.27 0.17 6/15/2026 6/15/2026 6,634.22 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 6,634.22 0.21 6/18/2026 6/18/2026 12,937.87 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 12,937.87 0.99 6/21/2026 6/21/2026 3,730.85 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 3,730.85 0.30 Total PAYDOWNS 1,525,795.20 1,525,795.20 428.28
SELL
4/1/2026 4/7/2026 1,200,000.00 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 1,209,526.76 9,585.65 4/1/2026 4/7/2026 600,000.00 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 604,763.39 4,179.53 4/14/2026 4/21/2026 225,000.00 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 227,428.99 1,856.41 4/14/2026 4/20/2026 500,000.00 91282CCH2 US TREASURY N/B 1.25% 6/30/2028 475,531.98 -2,636.45 4/15/2026 4/20/2026 475,000.00 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 480,097.21 3,941.75 5/1/2026 5/6/2026 1,375,000.00 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 1,387,361.23 15,194.58 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 40
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade Settle Maturity Transact Yield Realized
Date Date Par ($) CUSIP Security Description Coupon Date Amount ($) at Market G/L (BV) SELL
5/1/2026 5/6/2026 150,000.00 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 151,348.50 1,542.28 5/1/2026 5/6/2026 1,300,000.00 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 1,311,686.98 6,189.56 5/7/2026 5/14/2026 475,000.00 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 479,422.68 4,589.26 6/1/2026 6/4/2026 850,000.00 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 856,011.42 4,209.49 6/1/2026 6/4/2026 75,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 74,501.44 -45.31 6/15/2026 6/18/2026 350,000.00 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 346,697.15 -540.13 6/24/2026 6/25/2026 19,449.97 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 19,496.36 21.95 6/26/2026 6/29/2026 150,000.00 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 148,884.97 -111.45 6/29/2026 6/30/2026 475,000.00 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 463,496.09 -659.11 Total SELL 8,219,449.97 8,236,255.15 47,318.01
For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 41
Portfolio Holdings
Portfolio Holdings
PFM Asset Management | pfmam.com 42
CITY OF LAKE ELSINORE Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value U.S. Treasury

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 600,000.00 AA+ Aa1 7/1/2025 7/3/2025 589,054.69 3.75 52.99 591,633.12 584,601.60

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 925,000.00 AA+ Aa1 8/1/2025 8/5/2025 902,236.33 3.94 81.69 907,208.82 901,260.80

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 3,900,000.00 AA+ Aa1 9/2/2025 9/5/2025 3,841,652.34 3.67 344.43 3,853,515.39 3,799,910.40

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 1,675,000.00 AA+ Aa1 3/3/2025 3/6/2025 1,621,347.66 4.06 147.93 1,636,790.72 1,632,012.80

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 4/1/2025 4/4/2025 878,414.06 3.87 79.48 884,381.16 876,902.40

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 6/2/2025 6/5/2025 875,566.41 3.98 79.48 881,626.37 876,902.40

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 1,500,000.00 AA+ Aa1 5/1/2025 5/6/2025 1,476,796.88 3.65 132.47 1,482,900.97 1,461,504.00

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 1,725,000.00 AA+ Aa1 3/13/2026 3/17/2026 1,752,290.04 3.81 30,580.63 1,750,371.05 1,728,774.30

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 900,000.00 AA+ Aa1 1/2/2026 1/7/2026 920,285.16 3.65 15,955.11 918,031.30 901,969.20

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 975,000.00 AA+ Aa1 10/1/2025 10/6/2025 997,242.19 3.67 17,284.70 993,699.95 977,133.30

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 300,000.00 AA+ Aa1 11/4/2025 11/7/2025 306,820.31 3.66 5,318.37 305,843.71 300,656.40

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 4,150,000.00 AA+ Aa1 3/2/2026 3/6/2026 4,253,101.56 3.56 73,570.79 4,245,105.20 4,159,080.20

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 1,450,000.00 AA+ Aa1 2/2/2026 2/5/2026 1,478,320.31 3.72 25,705.46 1,475,640.27 1,453,172.60

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 650,000.00 AA+ Aa1 6/29/2026 6/30/2026 637,152.34 4.15 7,875.51 637,161.06 635,908.00

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 3,000,000.00 AA+ Aa1 5/1/2026 5/6/2026 2,953,945.31 4.01 36,348.51 2,955,447.64 2,934,960.00 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 43

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 1,800,000.00 AA+ Aa1 6/1/2026 6/4/2026 1,759,640.63 4.21 21,809.10 1,760,279.22 1,760,976.00

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 2,000,000.00 AA+ Aa1 4/1/2026 4/7/2026 1,974,843.75 3.94 24,232.34 1,976,064.09 1,956,640.00 Security Type Sub-Total 27,350,000.00 27,218,709.97 3.82 259,598.99 27,255,700.04 26,942,364.40 Municipal
CA ST
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 3/9/2023 3/15/2023 200,000.00 4.85 3,230.67 200,000.00 200,870.40 Security Type Sub-Total 200,000.00 200,000.00 4.85 3,230.67 200,000.00 200,870.40 Joint Powers Authority
CAMP Pool 11,542.53 AAAm NR 11,542.53 0.00 11,542.53 11,542.53 Security Type Sub-Total 11,542.53 11,542.53 0.00 11,542.53 11,542.53 Corporate

BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 8/12/2021 8/16/2021 174,947.50 1.26 844.62 174,998.80 174,383.12

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A1 1/11/2022 1/13/2022 223,863.75 1.81 1,838.13 224,881.63 222,211.58

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 1/19/2022 1/24/2022 39,932.00 1.99 359.67 39,992.63 39,532.72

BANK OF NY MELLON CORP
(CALLABLE)
06406RBA4 475,000.00 A Aa3 1/26/2022 1/28/2022 473,945.50 2.10 4,192.53 474,879.77 469,290.98 DTD 01/26/2022 2.050% 01/26/2027

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 3/14/2023 3/17/2023 721,942.50 4.36 9,968.75 745,688.09 746,052.75

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 A- A2 1/13/2023 1/18/2023 277,203.00 4.59 2,486.25 296,272.09 296,679.60 PFM Asset Management | pfmam.com 44
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Corporate

BERKSHIRE HATHAWAY FIN
(CALLABLE)
084664CZ2 475,000.00 AA Aa2 3/15/2022 3/17/2022 466,089.00 2.70 3,216.81 473,741.16 468,733.33 DTD 03/15/2022 2.300% 03/15/2027

CHARLES SCHWAB CORP
(CALLABLE)
808513BW4 300,000.00 A- A2 2/17/2023 2/22/2023 284,925.00 4.66 2,475.00 297,247.97 297,925.50 DTD 09/24/2021 3.300% 04/01/2027

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa2 1/13/2023 1/18/2023 488,325.00 4.50 1,193.19 497,504.02 497,966.50

APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 775,000.00 AA+ Aaa 1/19/2023 1/23/2023 741,062.75 3.94 6,804.93 766,236.10 764,035.30

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 2/8/2023 2/10/2023 376,282.50 4.55 8,141.93 375,398.79 376,801.88

NATIONAL RURAL UTIL COOP
(CALLABLE)
637432NP6 350,000.00 A- A1 2/17/2023 2/22/2023 329,189.00 4.76 4,760.00 343,284.52 344,031.45 DTD 02/07/2018 3.400% 02/07/2028

TEXAS INSTRUMENTS INC
(CALLABLE)
882508BV5 85,000.00 A+ Aa3 5/11/2023 5/18/2023 87,043.40 4.04 1,477.11 85,675.04 85,369.07 DTD 11/18/2022 4.600% 02/15/2028

BRISTOL-MYERS SQUIBB CO
(CALLABLE)
110122DE5 211,000.00 A A2 3/9/2023 3/13/2023 201,583.07 4.93 2,994.44 207,878.69 209,843.30 DTD 07/15/2020 3.900% 02/20/2028

LOCKHEED MARTIN CORP
(CALLABLE)
539830BZ1 60,000.00 A- A2 5/23/2023 5/25/2023 59,892.00 4.49 341.17 59,959.33 60,068.34 DTD 05/25/2023 4.450% 05/15/2028

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 375,000.00 A A1 7/21/2023 7/25/2023 377,865.00 4.78 8,610.94 376,173.87 379,647.75

MORGAN STANLEY BANK NA
(CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
61690U8E3 525,000.00 A+ Aa3 7/18/2024 7/19/2024 525,525.00 4.94 12,099.15 525,191.20 527,234.93

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 750,000.00 A+ Aa3 10/2/2023 10/4/2023 746,280.00 5.92 11,122.42 748,193.03 771,626.25

AIR PRODUCTS & CHEMICALS
(CALLABLE)
009158BH8 340,000.00 A A3 2/6/2024 2/8/2024 339,547.80 4.63 6,212.56 339,751.83 341,178.78 DTD 02/08/2024 4.600% 02/08/2029
For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 45
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Corporate

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 420,000.00 AA- A1 2/21/2024 2/26/2024 419,853.00 4.86 7,072.92 419,918.38 424,459.98

BLACKROCK FUNDING INC
(CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 725,000.00 AA- Aa3 3/6/2024 3/14/2024 725,355.25 4.69 10,127.85 725,203.80 732,194.90

BLACKROCK FUNDING INC
(CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 50,000.00 AA- Aa3 3/5/2024 3/14/2024 49,909.50 4.74 698.47 49,948.59 50,496.20

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 170,000.00 A+ A1 4/2/2024 4/4/2024 169,775.60 4.83 1,972.00 169,869.82 171,661.24

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 205,000.00 A+ A1 4/1/2024 4/4/2024 204,694.55 4.83 2,378.00 204,822.63 207,003.26

WELLS FARGO & COMPANY
(CALLABLE)
95000U3T8 290,000.00 BBB+ A1 4/15/2025 4/23/2025 290,000.00 4.97 2,722.46 290,000.00 291,414.91 DTD 04/23/2025 4.970% 04/23/2029

WELLS FARGO & COMPANY
(CALLABLE)
95000U3T8 110,000.00 BBB+ A1 4/16/2025 4/23/2025 110,088.00 4.95 1,032.66 110,054.77 110,536.69 DTD 04/23/2025 4.970% 04/23/2029

BANK OF AMERICA CORP
(CALLABLE)
06051GMT3 600,000.00 A- A1 5/6/2025 5/9/2025 600,000.00 4.62 4,006.60 600,000.00 599,710.80 DTD 05/09/2025 4.623% 05/09/2029

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 250,000.00 A A2 6/18/2024 6/25/2024 248,627.50 4.88 197.92 249,142.06 252,474.25

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 125,000.00 A A2 6/17/2024 6/25/2024 124,193.75 4.90 98.96 124,495.72 126,237.13

AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
02665WFQ9 400,000.00 BBB+ A3 9/3/2024 9/5/2024 399,520.00 4.43 5,671.11 399,683.22 395,794.00

MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
571676AY1 115,000.00 A A2 3/5/2025 3/12/2025 114,875.80 4.83 1,840.00 114,905.61 115,342.59

GOLDMAN SACHS GROUP INC
(CALLABLE)
38141GE83 275,000.00 BBB+ A2 4/13/2026 4/20/2026 275,000.00 4.59 2,491.61 275,000.00 273,447.90 DTD 04/20/2026 4.594% 04/20/2030

GOLDMAN SACHS GROUP INC
(CALLABLE)
38141GE83 300,000.00 BBB+ A2 4/14/2026 4/20/2026 300,324.00 4.56 2,718.12 300,304.48 298,306.80 DTD 04/20/2026 4.594% 04/20/2030
For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 46
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Corporate

JPMORGAN CHASE & CO
(CALLABLE)
46647PFL5 445,000.00 A A1 4/15/2026 4/23/2026 445,000.00 4.41 3,705.17 445,000.00 441,215.28 DTD 04/23/2026 4.408% 04/23/2030

STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
857477DB6 200,000.00 A Aa3 4/22/2025 4/24/2025 200,000.00 4.83 1,799.32 200,000.00 202,001.40

PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
69371RT71 400,000.00 A+ A1 5/5/2025 5/8/2025 399,380.00 4.59 2,679.44 399,510.81 402,536.80

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
032654BE4 400,000.00 A A2 6/12/2025 6/16/2025 399,648.00 4.52 800.00 399,716.08 399,025.20

NOVARTIS CAPITAL CORP
(CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
66989HAY4 510,000.00 AA- Aa3 11/3/2025 11/5/2025 508,470.00 4.17 3,252.67 508,655.17 501,052.56

SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 450,000.00 A+ Aa2 11/4/2025 11/6/2025 449,136.00 4.17 2,835.94 449,239.78 441,868.50

SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 125,000.00 A+ Aa2 11/3/2025 11/6/2025 124,520.00 4.21 787.76 124,577.59 122,741.25

NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 460,000.00 A+ A2 11/13/2025 11/19/2025 459,443.40 4.18 2,227.17 459,507.29 453,352.54

NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 115,000.00 A+ A2 11/12/2025 11/19/2025 114,943.65 4.16 556.79 114,950.25 113,338.14 AMAZON.COM INC (CALLABLE)
DTD 11/20/2025 4.100% 11/20/2030
023135CT1 575,000.00 AA A1 11/17/2025 11/20/2025 574,384.75 4.12 2,684.93 574,453.83 565,110.58

TOTALENERGI CAP USA LLC
(CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 335,000.00 A+ Aa3 1/7/2026 1/13/2026 335,613.05 4.21 6,641.04 335,560.28 329,355.25

TOTALENERGI CAP USA LLC
(CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 240,000.00 A+ Aa3 1/6/2026 1/13/2026 240,000.00 4.25 4,757.76 240,000.00 235,956.00

NVIDIA CORP (CALLABLE)
DTD 06/18/2026 4.500% 06/15/2031
67066GAR5 390,000.00 AA Aa1 6/15/2026 6/18/2026 389,259.00 4.54 633.75 389,265.04 388,619.40 Security Type Sub-Total 15,766,000.00 15,607,458.57 4.37 165,530.02 15,726,733.76 15,717,866.68 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 47
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Dated Date/Coupon/Maturity CUSIP Par Rating Rating Date Date Cost at Cost Interest Cost Value Agency CMBS
FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 455,062.23 AA+ Aa1 4/6/2023 4/12/2023 435,899.84 3.98 1,006.07 454,209.16 453,611.04 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 356,149.11 AA+ Aa1 5/19/2023 5/24/2023 345,186.40 4.29 993.36 354,897.22 354,527.92 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 550,000.00 AA+ Aa1 8/16/2023 8/18/2023 518,804.69 4.94 1,477.67 543,650.29 545,977.30 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 550,000.00 AA+ Aa1 6/8/2023 6/13/2023 527,033.20 4.42 1,486.38 545,149.25 545,052.75 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 258,420.57 AA+ Aa1 12/6/2023 12/14/2023 258,418.50 4.86 1,046.17 258,420.10 259,423.76 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 417,119.63 AA+ Aa1 7/19/2023 7/27/2023 417,109.23 4.78 1,660.48 417,115.43 418,007.26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 550,000.00 AA+ Aa1 7/13/2023 7/20/2023 555,493.40 4.59 2,208.71 552,209.74 552,459.05 FNA 2023-M6 A2
DTD 07/01/2023 4.172% 07/01/2028
3136BQDE6 503,959.39 AA+ Aa1 7/18/2023 7/31/2023 495,415.70 4.58 1,752.08 500,416.19 500,657.95 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 800,000.00 AA+ Aa1 9/7/2023 9/14/2023 788,165.60 4.99 3,100.00 794,474.05 801,533.60 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 500,000.00 AA+ Aa1 10/11/2023 10/19/2023 489,032.00 5.25 1,975.00 494,771.13 501,950.50 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 375,000.00 AA+ Aa1 10/25/2023 10/31/2023 363,043.88 5.60 1,515.63 369,032.00 377,091.38 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 500,000.00 AA+ Aa1 9/20/2023 9/28/2023 494,023.50 5.07 2,000.00 497,084.28 502,597.00 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 180,000.00 AA+ Aa1 11/14/2023 11/21/2023 179,479.62 5.14 760.35 179,738.10 181,922.22 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 275,000.00 AA+ Aa1 11/28/2023 12/7/2023 274,209.93 4.93 1,113.75 274,600.10 276,900.25 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 290,000.00 AA+ Aa1 2/1/2024 2/8/2024 292,899.71 4.34 1,104.90 291,557.53 290,008.12 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 440,000.00 AA+ Aa1 7/16/2024 7/25/2024 442,702.04 4.58 1,730.67 441,723.30 442,180.64 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 495,000.00 AA+ Aa1 8/7/2024 8/15/2024 499,630.23 4.33 1,873.99 497,993.76 495,795.96 For the Quarter Ended June 30, 2026
PFM Asset Management | pfmam.com 48

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Trade
Date
Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Value
Agency CMBS
FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 190,000.00 AA+ Aa1 4/15/2025 4/24/2025 189,993.35 4.41 698.25 189,994.97 189,687.26 FNA 2026-M11 2A2
DTD 05/01/2026 4.250% 05/01/2031
3136G5V64 410,000.00 AA+ Aa1 6/26/2026 6/29/2026 405,003.13 4.53 1,452.08 404,932.43 404,274.35 Security Type Sub-Total 8,095,710.92 7,971,543.95 4.72 28,955.54 8,061,969.03 8,093,658.31 ABS
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 349.82 AAA Aaa 9/20/2022 9/28/2022 349.75 4.46 0.69 349.81 349.90 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 24,705.47 AAA NR 1/24/2023 1/30/2023 24,705.46 4.63 50.84 24,705.47 24,725.83 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 8,655.59 NR Aaa 2/13/2023 2/23/2023 8,654.71 5.05 19.43 8,655.32 8,661.12 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 80,157.80 AAA NR 8/15/2023 8/22/2023 80,141.27 5.42 156.60 80,151.79 80,496.78 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 35,031.99 NR Aaa 11/1/2023 11/8/2023 35,025.82 5.67 55.18 35,029.19 35,247.44 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 112,590.68 AAA Aaa 8/15/2023 8/23/2023 112,583.70 5.53 276.72 112,587.71 113,077.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 405,000.00 AAA NR 9/7/2023 9/15/2023 404,887.73 5.17 928.80 404,946.92 406,020.20 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 410,000.00 AAA NR 9/12/2023 9/19/2023 409,981.67 5.23 953.02 409,991.48 411,148.82 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 100,000.00 AAA NR 5/14/2025 5/21/2025 99,989.29 4.61 140.86 99,992.80 100,284.80 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 180,000.00 NR Aaa 12/7/2023 12/14/2023 179,975.83 4.98 398.40 179,987.94 180,575.46 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 495,000.00 AAA NR 4/16/2024 4/23/2024 494,898.53 5.23 1,150.60 494,898.53 499,072.86 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 115,000.00 NR Aaa 4/29/2025 5/8/2025 114,987.15 4.15 212.11 114,990.47 114,746.89 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 80,000.00 NR Aaa 5/6/2025 5/12/2025 79,994.48 4.35 106.33 79,995.98 80,038.32 PFM Asset Management | pfmam.com 49

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Trade
Date
Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
Value
ABS
MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 550,000.00 NR Aaa 4/8/2025 4/9/2025 553,673.83 4.62 1,168.44 552,788.58 552,410.10 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 415,000.00 NR Aaa 3/25/2025 3/31/2025 414,982.16 4.51 571.89 414,987.23 415,703.43 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 90,000.00 AAA Aaa 5/6/2025 5/14/2025 89,986.75 4.28 160.50 89,989.62 90,011.25 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 485,000.00 AAA NR 6/3/2025 6/10/2025 484,991.95 4.34 935.51 484,994.82 485,150.35 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 250,000.00 AAA NR 6/5/2025 6/12/2025 249,999.05 4.31 478.89 250,000.00 249,906.75 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
17305EHA6 550,000.00 AAA Aaa 6/18/2025 6/26/2025 549,850.79 4.31 656.94 549,878.70 549,070.50 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
89240KAD0 140,000.00 AAA Aaa 1/13/2026 1/21/2026 139,988.07 3.86 240.18 139,989.14 138,655.58 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
43815CAD0 145,000.00 NR Aaa 2/10/2026 2/18/2026 144,976.90 3.78 152.25 144,979.07 143,304.51 MBART 2026-1 A3
DTD 05/20/2026 4.360% 10/15/2030
58769MAD2 395,000.00 AAA NR 5/12/2026 5/20/2026 394,913.97 4.37 765.42 394,916.71 394,257.80 TAOT 2026-B A3
DTD 04/21/2026 4.130% 12/16/2030
89240QAD7 230,000.00 AAA Aaa 4/14/2026 4/21/2026 229,951.49 4.14 422.18 229,954.18 228,658.64 FORDO 2026-B A3
DTD 06/23/2026 4.390% 02/15/2031
34536DAD5 285,000.00 AAA NR 6/16/2026 6/23/2026 284,990.03 4.39 278.03 284,990.48 284,802.21 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
448981AD2 165,000.00 AAA NR 2/10/2026 2/18/2026 164,988.86 3.79 277.93 164,990.20 162,808.47 BACCT 2026-A1 A
DTD 05/14/2026 4.220% 04/15/2031
05522RDL9 515,000.00 NR Aaa 5/7/2026 5/14/2026 514,948.19 4.22 965.91 514,950.95 513,159.39 Security Type Sub-Total 6,261,491.35 6,264,417.43 4.57 11,523.65 6,263,693.09 6,262,344.93 Managed Account Sub Total 57,673,202.27 57,262,129.92 4.18 468,838.87 57,508,095.92 57,217,104.72 Securities Sub Total $57,684,744.80 $57,273,672.45 4.18% $468,838.87 $57,519,638.45 $57,228,647.25 Accrued Interest $468,838.87
Total Investments $57,697,486.12
PFM Asset Management | pfmam.com 50

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Appendix
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.

PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sources external to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements.

While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO.

It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any sales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to be lower than the performance shown.

The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion as of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and data presented are not necessarily indicative of future events or expected performance.

PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investment advisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S.

Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.

For more information regarding PFMAM's services or entities, please visit www.pfmam.com.

Further distribution is not permitted without prior written consent.

PFM Asset Management | pfmam.com 51

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Appendix
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust’s investment objectives, risks, charges and expenses before investing in the Trust. This and other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’s Information Statement may be obtained by calling 1-800-729-7665 or is available on the Trust’s website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP Term Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.

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

In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.

Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

ICE Bank of America Indices provided by Bloomberg Financial Markets.

Money market fund/cash balances are included in performance and duration computations.

Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.

Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.

MBS maturities are represented by expected average life.

PFM Asset Management | pfmam.com 52

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Appendix
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.

Agencies: Federal agency securities and/or Government-sponsored enterprises.

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 straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.

Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.

Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.

Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector added or subtracted from the overall portfolio performance.

Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.

Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compounding on investment returns, while nominal yield does not.

FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.

Interest Rate: Interest per year divided by principal amount and expressed as a percentage.

Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.

Maturity: The date upon which the principal or stated value of an investment becomes due and payable.

Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.

Par Value: The nominal dollar face amount of a security.

Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security.

PFM Asset Management | pfmam.com 53

CITY OF LAKE ELSINORE
For the Quarter Ended June 30, 2026
Appendix
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.

Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and maturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.

Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whose decisions are binding on its members.

Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.

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

U.S. Treasury: The department of the U.S. government that issues Treasury securities.

Yield: 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.

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.

PFM Asset Management | pfmam.com 54

Page 1 of 3 ends

Lake Elsinore City CouncilAugust 25, 2026

Lake Elsinore City Council
August 25, 2026