Agenda packet — Lake Elsinore City Council, September 22, 2026 (part 2 of 2)

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: September 22, 2026
Subject: Annexation No. 36 Into Community Facilities District No. 2015-2 (Maintenance Services) for PM 28524 (Collier Avenue Shops) Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 36) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN.

Background
On September 22, 2015, the City Council approved Resolution No. 2015-078 establishing Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore (the "CFD No. 2015-2" or "District") for the purpose of levying special taxes on parcels of taxable property to provide certain services which are necessary to meet increased demands placed upon the City.

PSR Investments LE, LLC (the “Owner”) owns 1.40 gross acres of a vacant lot within the City.

The Owner has requested that the City assist them in annexing territory into CFD No. 2015-2 (Maintenance Services) to cover the costs associated with the maintenance of public improvements. The improvements proposed to be maintained include items such as landscaping, street maintenance, and drainage.

Discussion
The landowner has advised the City that the area described in Exhibit “A” of the Resolution of Intention to be annexed into CFD No. 2015-2 and that a Rate and Method of Apportionment of the special taxes to be levied as described in Exhibit “C”.

CFD 2015-2 Annexation 36

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The original area proposed within Annexation No. 36 will encompass a 7,220 square-foot commercial building. The territory proposed to be annexed into CFD No. 2015-2 will be included in Tax Zone 41. The proposed total maximum tax rate for Tax Zone 41 is $950 per acre per year for Special Tax A, and $9,010 per acre per year for Special Tax B. The maximum annual tax rates are proposed to escalate each year at the greater of Consumer Price Index (CPI) or 2%. See attachment 3 for a maintenance exhibit illustrating which services are being maintained by the CFD.

The Owner has agreed to the annexation into the CFD and submitted a "Consent and Waiver" form on file in the City Clerk's Office, to initiate and conduct proceedings pursuant to the MelloRoos Act of 1982, requesting the annexation of property to CFD No. 2015-2 (Maintenance Services) and consenting to the shortening of election time requirements, waiving analysis and arguments, and waiving all notice requirements relating to the conduct of the election.

The next step to annex the property to CFD No. 2015-2 is to publish a notification of the proposed district along with the "Resolution of Intention" and Boundary Map of the proposed Annexation area. A public hearing on the matter will take place on October 27, 2026, and at that time the Council will formally consider approval of Annexation No. 36.

Fiscal Impact
On March 1 of each year, every taxable property for which a building permit has been issued will be subject to the special taxes in the ensuing Fiscal Year. If the anticipated costs of maintaining the facilities in any given Fiscal Year, prior to buildout of the project, exceeds the special tax revenues available from parcels for which building permits have been issued, then the special tax may also be on undeveloped property within the Tax Zone.

Once developed, Tax Zone 41 will generate $1,330 for maintenance services.

Attachments
Attachment 1 – Project Map
Attachment 2 – Resolution of Intention
Exhibits A – G
Attachment 3 – CFD Maintenance Responsibility Map

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COMMUNITY FACILITIES DISTRICT NO. 2015-2
ANNEXATION NO. 36

PROJECT MAP
RESOLUTION NO. 2026-____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

OF THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 36) AND AUTHORIZING THE LEVY OF

SPECIAL TAXES THEREIN
Whereas, on September 22, 2015, the City Council (the “City Council”) of the City of Lake Elsinore (the “City”) approved Resolution No. 2015-078 establishing Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, County of Riverside, State of California, defined the "CFD No. 2015-2", for the purpose of levying special taxes on parcels of taxable property therein for the purpose of providing certain services which are necessary to meet increased demands placed upon the City;
Whereas, the City Council has received a written instrument from the landowner in the CFD No. 2015-2 to initiate and conduct proceedings pursuant to the Act, to annex territory to CFD No. 2015-2 and consenting to the shortening of election time requirements, waiving analysis and arguments, and waiving all notice requirements relating to the conduct of the election; and Whereas, the City Council has been advised that certain property owners have requested that the area shown in Exhibit D be annexed territory to the boundaries of CFD No. 2015-2, that a rate and method of apportionment of the special tax to be levied therein be established.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, ACTING

EX OFFICIO AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

Section 1. Intent to Annex. The City Council hereby declares that it proposes and intends to conduct proceedings pursuant to Article 3.5 for the annexation to the Community Facilities District of the territory described in Exhibit A attached hereto. The City Council determines that the public convenience and necessity require that such territory be annexed to the Community Facilities District.

Section 2. Name of the Community Facilities District. The name of the existing community facilities district is known as “Community Facilities District No. 2015-2 (Maintenance Services)”.

Section 3. Description of Territory Proposed to be Annexed, Annexation Map. The territory proposed to be annexed are included within the boundaries within which property may annex to CFD No. 2015-2 and are more particularly described and shown on that certain map entitled “Boundaries – Potential Annexation Area Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, County of Riverside, State of California,” as recorded on August 19, 2015 in Book 78 of Maps of Assessment and Community Facilities District,

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The territory proposed to be annexed to CFD No. 2015-2 is described in Exhibit A attached hereto and by this reference made a part hereof. Such territory is also shown and described on the map CC Res. No. 2026-_____

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thereof entitled "Annexation Map No. 36, Community Facilities District No. 2015-2 (Maintenance Services), City of Lake Elsinore, County of Riverside, State of California," which is on file with the City Clerk (the "Annexation Map") and attached hereto as Exhibit D.

Section 4. Description of Authorized Services. The services proposed to be financed by CFD No. 2015-2 (the “Services”) are described in Exhibit B attached hereto. The cost of providing the Services includes “incidental expenses,” which include costs associated with CFD No. 2015-2, determination of the amount of special taxes, collection or payment of special taxes, or costs otherwise incurred in order to carry out the authorized purposes of CFD No. 2015-2. The Services authorized to be financed by CFD No. 2015-2 are in addition to those currently provided in the territory of CFD No. 2015-2 and do not supplant services already available within that territory.

Section 5. Levy of Special Taxes. Except where funds are otherwise available, a special tax sufficient to pay the costs of the Services (including incidental expenses), secured by recordation of a continuing lien against all nonexempt real property in CFD No. 2015-2, will be levied annually within CFD No. 2015-2. The Rate and Method of Apportionment, and manner of collection of the special tax are specified in Exhibit C.

Section 6. Adoption of Annexation Map. Pursuant to Section 3110.5 of the Streets and Highways Code, the City Council adopts the Annexation Map as the map of the area proposed to be annexed to the CFD No. 2015-2. Pursuant to Section 3111 of said Code, the City Clerk shall file the original of the Annexation map in his office and shall file a copy of the Annexation Map with the County Recorder of the County of Riverside no later than 15 days prior to the date of the hearing specified in Section 7 hereof.

Section 7. Public Hearing. The City Council hereby fixes 7:00 p.m., or as soon thereafter as practicable, on Tuesday, October 27, 2026, in the City Council Chambers located at 183 N Main St., Lake Elsinore, California 92530, as the time and place when and where the City Council will conduct a public hearing on the proposed annexation of the said territory to the CFD No. 2015-2.

Section 8. Notice of Public Hearing. The City Clerk is hereby directed to publish, or cause to be published, a notice of said public hearing, in substantially the form attached hereto as Exhibit F, one time in a newspaper of general circulation published in the area of CFD No. 2015-2.

The publication of said notice shall be completed at least seven days prior to the date herein fixed for said hearing. Said notice shall contain the information prescribed by Section 53322 of the Act.

Section 9. Mailing Ballots. In anticipation of its action on Tuesday, October 27, 2026, to call the election on the annexation for the same date, pursuant to waiver of election time limits from the landowners, the City Council hereby authorizes the City Clerk to mail to each landowner in the territory proposed to be annexed to the CFD No. 2015-2 a ballot, the full text of which shall be as set forth in Exhibit G hereto, and shall be included in the ballot pamphlet mailed to each qualified elector. A copy of the waiver and consent form signed by the property owner is attached hereto as Exhibit E and incorporated herein by this reference.

Section 10. Effective Date. This Resolution shall take effect immediately upon its adoption.

Section 11. The City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

CC Res. No. 2026-_____

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Passed a nd Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this 22nd day of September 2026.
_____________________________
Robert E. Magee
Mayor
Attest:
_____________________________
Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2026-___ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of September 22, 2026, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Candice Alvarez, MMC
City Clerk

EXHIBIT A

DESCRIPTION OF PROPOSED TERRITORY TO BE ANNEXED
The City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services) (the “CFD No. 2015- 2”) Annexation No. 36 is currently comprised of one (1) parcel, located within the city boundaries. The property is identified by the following Riverside County Assessor's Parcel Numbers (APNs).

TAX ZONE 41
APN Owners Name
389-200-031 PSR Investments LE, LLC

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015‐2 (MAINTENANCE SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES
The services which may be funded with proceeds of the special tax of CFD No. 2015‐2, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right‐of‐ways, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights and traffic signals; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways,streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and (b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities. Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right‐of‐way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance, servicing; or both of the water quality basin improvements within flood control channel improvements; and
(c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2015‐2; as well as local roads within residential subdivisions located within CFD No. 2015‐2; and any portions adjacent to the properties within CFD No. 2015‐2; and In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

The above services shall be limited to those provided within the boundaries of CFD No. 2015‐2 or for the benefit of the properties within the boundaries of CFD No. 2015‐2, asthe boundary is expanded from time to time by anticipated annexations, and said services may be financed by proceeds of the special tax of CFD No. 2015‐2 only to the extent that they are in addition to those provided in the territory of CFD No. 2015‐2 before CFD No. 2015‐2 was created.

EXHIBIT B

EXHIBIT C

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

OF THE CITY OF LAKE ELSINORE
A Special Tax (the “Special Tax”) shall be levied on and collected from each Assessor’s Parcel (defined below) in Community Facilities District No. 2015-2 (Maintenance Services) (the “CFD No. 2015-2” or “CFD”; defined below), in each Fiscal Year, (defined below), commencing in the Fiscal Year beginning July 1, 2015, in an amount determined by the City Council of the City of Lake Elsinore, acting ex officio as the legislative body of CFD No. 2015-2, by applying the rate and method of apportionment set forth below.

All of the real property in CFD No. 2015-2, unless exempted by law or by the provisions herein, shall be taxed to the extent and in the manner provided herein.

A. DEFINITIONS
“Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on any Assessor’s Parcel Map, or if the land area is not shown on the Assessor’s Parcel Map, the land area as shown on the applicable Final Map, or if the area is not shown on the applicable Final Map, the land area shall be calculated by the Administrator.
“Administrative Expenses” means the actual or reasonably estimated costs directly related to the formation, annexation, and administration of CFD No. 2015-2 including, but not limited to: the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the City or designee thereof or both); the costs to the City, CFD No. 2015-2, or any designee thereof associated with fulfilling the CFD No. 2015-2 disclosure requirements; the costs associated with responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2015-2 or any designee thereof related to an appeal of the Special Tax; and the City's annual administration fees including payment of a proportional share of salaries and benefits of any City employees and City overhead whose duties are related to the administration and third party expenses. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 2015-2 for any other administrative purposes of CFD No. 2015-2, including attorney's fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes. “Administrator” means the City Manager of the City of Lake Elsinore, or his or her designee. “Approved Property” means all Assessor’s Parcels of Taxable Property that are included in a Final Map that was recorded prior to the March 1 preceding the Fiscal Year in which the Special Tax is being levied, and that have not been issued a building permit on or prior to the March 1 preceding the Fiscal year in which the special tax is being levied.
“Assessor’s Parcel” means a lot or parcel of land that is identifiable by an Assessor’s Parcel Number by the County Assessor of the County of Riverside.
“Assessor’s Parcel Map” means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.
“Assessor’s Parcel Number” means that identification number assigned to a parcel by the County Assessor of the County.

City of Lake Elsinore 2
Community Facilities District No. 2015-2 (Maintenance Services) “Building Square Footage” or “BSF” means the floor area square footage reflected on the original construction building permit issued for construction of a building of Non-Residential Property and any Building Square Footage subsequently added to a building of such Taxable Property after issuance of a building permit for expansion or renovation of such building. “Calendar Year” means the period commencing January 1 of any year and ending the following December 31.
“CFD” or “CFD No. 2015-2” means the City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services).
“City” has the meaning set forth in the preamble.
“Contingent Special Tax B Requirement” means that amount required in any Fiscal Year, if the POA is unable to maintain the Service(s) to: (i) pay the costs of Services incurred or otherwise payable in the Calendar Year commencing in such Fiscal Year; (ii) fund an operating reserve for the costs of Services as determined by the Administrator; less a credit for funds available to reduce the annual Special Tax B (Contingent) levy as determined by the Administrator. “County” means the County of Riverside.
“Developed Property” means all Assessor’s Parcels of Taxable Property for which a building permit for new construction has been issued on or prior to March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Exempt Property” means all Assessors’ Parcels designated as being exempt from the Special Tax as provided for in Section G.
“Final Map” means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a condominium plan pursuant to California Civil Code 1352 that creates individual lots for which building permits may be issued without further subdivision. “Fiscal Year” means the period from and including July 1st of any year to and including the following June 30th.
“Land Use Category” or “LUC” means any of the categories contained in Section B hereof to which an Assessor’s Parcel is assigned consistent with the land use approvals that have been received or proposed for the Assessor’s Parcel as of March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Maximum Special Tax” means either Maximum Special Tax A and/or Maximum Special Tax B (Contingent), as applicable.
“Maximum Special Tax A” means the Maximum Special Tax A, as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.

City of Lake Elsinore 3
Community Facilities District No. 2015-2 (Maintenance Services) “Maximum Special Tax B (Contingent)” means the Maximum Special Tax B (Contingent), as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.
“Multi-Family Residential Property” means any Assessor’s Parcel of residential property that consists of a building or buildings comprised of attached Residential Units sharing at least one common wall with another unit.
“Non-Residential Property” or “NR” means all Assessor's Parcels of Taxable Property for which a building permit(s) was issued for a non-residential use. The Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property. “Property Owner’s Association” or “POA” means the property owner’s association or homeowner’s association established to maintain certain landscaping within a Tax Zone. “Proportionately” means for Taxable Property that is: (i) Developed Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Developed Property with the same Tax Zone, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Approved Property with the same Tax Zone, and (iii) Undeveloped Property that the ratio of the actual Special Tax levy per acre to the Maximum Special Tax per acre is the same for all Parcels of Undeveloped Property with the same Tax Zone. “Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator. “Residential Property” means all Assessor’s Parcels of Taxable Property upon which completed Residential Units have been constructed or for which building permits have been or may be issued for purposes of constructing one or more Residential Units. “Service(s)” means services permitted under the Mello-Roos Community Facilities Act of 1982 including, without limitation, those services authorized to be funded by CFD No. 2015-2 as set forth in the documents adopted by the City Council at the time the CFD was formed. “Single Family Residential Property” means any residential property other than Multi-Family Residential Property on an Assessor’s Parcel.
“Special Tax(es)” means the Special Tax A and/or Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property.
“Special Tax A” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax A Requirement. "Special Tax A Requirement" means for each Tax Zone, that amount to be collected in any Fiscal Year to pay for certain costs as required to meet the needs for such Tax Zone of CFD No. 2015-2 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for maintenance services including but not limited to (i) maintenance and lighting of parks, parkways, streets, roads and open space, (ii) maintenance and operation of water quality improvements, (iii) public street sweeping, (iv) fund an operating reserve for the costs of Services as determined by the Administrator, and (v) Administrative Expenses. Under no circumstances shall the Special Tax A Requirement include funds for Bonds.

City of Lake Elsinore 4
Community Facilities District No. 2015-2 (Maintenance Services) “Special Tax B (Contingent)” means the Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Contingent Special Tax B Requirement, if required.
"Taxable Property" means all Assessor’s Parcels within CFD No. 2015-2, which are not Exempt Property.
“Taxable Unit” means a Residential Unit, Building Square Footage, or an Acre. "Tax Zone" means a mutually exclusive geographic area, within which particular Special Tax rates may be levied pursuant to this Rate and Method of Apportionment of Special Tax. Appendix C identifies the Tax Zone in CFD No. 2015-2 at formation; additional Tax Zones may be created when property is annexed into the CFD.
"Tax Zone 1" means the specific geographic area identified on the CFD Boundary Map as Tax Zone 1. "Tract(s)" means an area of land within a subdivision identified by a particular tract number on a Final Map approved for the subdivision.
“Undeveloped Property” means, for each Fiscal Year, all Taxable Property not classified as Developed Property or Approved Property.

B. ASSIGNMENT TO LAND USE CATEGORIES
For each Fiscal Year, all Assessor’s Parcels of Taxable Property within CFD No. 2015-2 shall be classified as Developed Property, Approved Property, or Undeveloped Property, and shall be subject to the levy of Special Taxes as determined pursuant to Sections C and D below. Assessor’s Parcels of Developed Property and Approved Property shall be classified as either Residential Property or Non-Residential Property. Residential Property shall be further classified as Single Family Residential Property or Multi-Family Residential Property and the number of Residential Units shall be determined by the Administrator.

C. MAXIMUM SPECIAL TAX RATES
For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Residential Property, all such Assessor’s Parcels shall be assigned the number of Residential Unit(s) constructed or to be constructed thereon as specified in or shown on the building permit(s) issued or Final Map as determined by the Administrator. For Parcels of undeveloped property zoned for development of single family attached or multi-family units, the number of Residential Units shall be determined by referencing the condominium plan, apartment plan, site plan or other development plan, or by assigning the maximum allowable units permitted based on the underlying zoning for the Parcel. Once a single family attached or multi-family building or buildings have been built on an Assessor's Parcel, the Administrator shall determine the actual number of Residential Units contained within the building or buildings, and the Special Tax A levied against the Parcel in the next Fiscal Year shall be calculated by multiplying the actual number of Residential Units by the Maximum Special Tax per Residential Unit identified for the Tract below or as included in Appendix A as each Annexation occurs.

For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Non-Residential Property, all such Assessor’s City of Lake Elsinore 5
Community Facilities District No. 2015-2 (Maintenance Services) Parcels shall be assigned the number of Building Square Footage or Acres as shown on the Final Map as determined by the Administrator. Once the Administrator determines the actual number of Building Square Footage or Acres for the Assessor’s Parcels, the Special Tax A levied against the Assessor’s Parcel in the next Fiscal Year shall be calculated by multiplying the number of Building Square Footage or Acres by the Maximum Special Tax per Taxable Unit identified for the Tax Zone below or as included in Appendix A as each Annexation occurs.

1. Special Tax A
a. Developed Property
(i) Maximum Special Tax A
The Maximum Special Tax A for each Assessor’s Parcel of Developed Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zones annexed and included in Appendix A. The Maximum Special Tax A for Developed Property for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 1 below:

TABLE 1

MAXIMUM SPECIAL TAX A RATES

DEVELOPED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121
(ii) Increase in the Maximum Special Tax A
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. (iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax A that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax A that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.
b. Approved Property
The Maximum Special Tax A for each Assessor’s Parcel of Approved Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Approved property Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 2 below:

City of Lake Elsinore 6
Community Facilities District No. 2015-2 (Maintenance Services) TABLE 2

MAXIMUM SPECIAL TAX A RATES

APPROVED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.
c. Undeveloped Property
The Maximum Special Tax A for each Assessor’s Parcel of Undeveloped Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Undeveloped Property for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 3 below:

TABLE 3

MAXIMUM SPECIAL TAX A RATES

UNDEVELOPED PROPERTY
Tax Zone Tracts Taxable Unit Maximum Special Tax A
1 LLA-2014-2743 Acre $121
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

2. Special Tax B (Contingent)
(i) Maximum Special Tax B (Contingent)
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 1 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for each Tax Zones annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015- 2016 within Tax Zone 1 is identified in Table 4 below:

TABLE 4

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

DEVELOPED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0
City of Lake Elsinore 7
Community Facilities District No. 2015-2 (Maintenance Services) (ii) Increase in the Maximum Special Tax B (Contingent) On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. (iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax B (Contingent) that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax B (Contingent) that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final. b. Approved Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 5 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A.

The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 5 below:

TABLE 5

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

APPROVED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0
On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. c. Undeveloped Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 6 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A.

The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 6 below:

City of Lake Elsinore 8
Community Facilities District No. 2015-2 (Maintenance Services) TABLE 6

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

UNDEVELOPED PROPERTY
Tax Zone
Tracts Taxable Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Acre $0
On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

D. METHOD OF APPORTIONMENT OF ANNUAL SPECIAL TAX

1. Special Tax A
Commencing with Fiscal Year 2015-2016 and for each following Fiscal Year, the Council shall determine the Special Tax A Requirement and shall levy the Special Tax A on all Assessor’s Parcels of Taxable Property until the aggregate amount of Special Tax A equals the Special Tax A Requirement for each Tax Zone. The Special Tax A shall be levied for each Fiscal Year as follows:

First: The Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Developed Property within each Tax Zone up to 100% of the applicable Maximum Special Tax to satisfy the Special Tax A Requirement for such Tax Zone;
Second: If additional moneys are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first step has been completed, the Special Tax A shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax A for Approved Property;
Third: If additional monies are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first two steps has been completed, the Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax A for Undeveloped Property.

2. Special Tax B (Contingent)
Commencing with Fiscal Year 2015-2016 and for each following Fiscal Year, the Council shall determine the Contingent Special Tax B Requirement and shall levy the Special Tax on all Assessor’s Parcels of Taxable Property until the aggregate amount of Special Tax B (Contingent) equals the Contingent Special Tax B Requirement. The Special Tax B (Contingent) shall be levied for each Fiscal Year as follows:

First: The Special Tax shall be levied Proportionately on all Assessor’s Parcels of Developed Property for a Tax Zone up to 100% of the applicable Maximum Special Tax B (Contingent) to satisfy the Contingent Special Tax B Requirement;
Second: If additional moneys are needed to satisfy the Contingent Special Tax B Requirement after the first step has been completed, the Special Tax B (Contingent) shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Approved Property;
City of Lake Elsinore 9
Community Facilities District No. 2015-2 (Maintenance Services) Third: If additional monies are needed to satisfy the Contingent Special Tax B Requirement after the first two steps has been completed, the Special Tax B (Contingent) shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Undeveloped Property.

E. FUTURE ANNEXATIONS
It is anticipated that additional properties will be annexed to CFD No. 2015-2 from time to time. As each annexation is proposed, an analysis will be prepared to determine the annual cost for providing Services. Based on this analysis, the property to be annexed, pursuant to California Government Code section 53339 et seq. will be assigned to the appropriate Maximum Special Tax rate for the Tax Zone when annexed and included in Appendix A.

F. TERM OF SPECIAL TAX
For each Fiscal Year, the Special Taxes shall be levied as long as the Services are being provided.

G. EXEMPTIONS
The City shall classify as Exempt Property within CFD No. 2015-2, any Assessor’s Parcel in any of the following categories; (i) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by any public entity; (ii) Assessor’s Parcels with public or utility easements making impractical their utilization for other than the purposes set forth in the easement; (iii) Assessor’s Parcels which are privately owned but are encumbered by or restricted solely for public uses; or (iv) any Assessor’s Parcel which is in use in the performance of a public function as determined by the Administrator.

H. APPEALS
Any property owner claiming that the amount or application of the Special Taxes are not correct may file a written notice of appeal with the City not later than twelve months after having paid the first installment of the Special Tax that is disputed. A representative(s) of CFD No. 2015-2 shall promptly review the appeal, and if necessary, meet with the property owner, consider written and oral evidence regarding the amount of the Special Tax, and rule on the appeal. If the representative’s decision requires that the Special Tax for an Assessor’s Parcel be modified or changed in favor of the property owner, a cash refund shall not be made, but an adjustment shall be made to the Special Tax on that Assessor’s Parcel in the subsequent Fiscal Year(s).

I. MANNER OF COLLECTION
The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 2015-2 may collect the Special Tax at a different time or in a different manner if necessary to meet its financial obligations.

City of Lake Elsinore 10
Community Facilities District No. 2015-2 (Maintenance Services)

APPENDIX A

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

COST ESTIMATE
Special Tax A Services- The estimate breaks down the costs of providing one year's maintenance services for Fiscal Year 2026-27. These services are being funded by the levy of Special Tax A for Community Facilities District No. 2015-2.

TAX ZONE 41
PM 28524
Special Tax B Contingent Services – The estimate in the table below breaks down the costs of providing one year’s contingent services for Fiscal Year 2026-27. If necessary, these services will be funded by the levy of Special Tax B (Contingent) for Community Facilities District No. 2015-2 Tax Zone 41.

TAX ZONE 41 (CONTINGENT SERVICES)
PM 28524
TAX ZONE 41
FY 2026-27 MAXIMUM SPECIAL TAX RATES

DEVELOPED PROPERTY AND APPROVED PROPERTY
Land Use
Category
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Non-Residential Property Acre $950 $9,010
TAX ZONE 41
FY 2026-27 MAXIMUM SPECIAL TAX RATES

UNDEVELOPED PROPERTY
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Acre $950 $9,010
Item Description Estimated Cost
1 Landscaping $13
2 Streets $130
3 Reserves $37
4 Admin $1,150
Total $1,330
Item Description Estimated Cost
1 Drainage $9,010
2 Reserves $2,252
3 Admin $1,351
Total $12,613
City of Lake Elsinore 11
Community Facilities District No. 2015-2 (Maintenance Services)

TAX ZONE SUMMARY
Annexation
Tax
Zone
Tract
APN
Fiscal
Year
Maximum
Special Tax A
Maximum
Special Tax B Subdivider
Original 1 LLA-2014-2743 2015-16 $121 / Acre $0 / Acre Tractor Supply 1 2 36682 2016-17 $354 / RU $102 / RU Pardee Homes
2 3 PM 29996 2017-18 $951 / Acre $165 / Acre Pasadena Industrial Park, LLC 3 4 PM 36551 2017-18 $2,671 / Acre $201 / Acre ARI Chaney Street, LLC 4 5 TR 32996 2017-18 $378 / RU $321 / RU LE Cottage Lane, LLC 5 6 365-030-001 2018-19 $1,004/ Acre $0 / Acre Lake Elsinore CCR, LLC 6 7 TR 33267 2019-20 $350 / RU $56 / RU Pardee Homes
7 8 PM 37284 2019-20 $1,953 / Acre $0 / Acre Central Plaza 8 9 TR 37305 2019-20 $951 / RU $384 / RU Nichols Rd Partners, LLC 8 10 TR 37305; Lot 169 2019-20 $2,600 / Acre $0 / Acre Nichols Rd Partners, LLC 9 11 TR 32129 & 30698 2020-21 $541 / RU $69 / RU
Donald S. Clurman &
Three Strands Properties, LLC &
Spectrum Communities, LLC
10 12 TR 33370 2021-22 $294 / RU $30 / RU JLJ. LLC
11 13 PM 37534 2021-22 $1,113 / Acre $0 / Acre SRZ Yuma, LLC 12 14 Canceled
12 15 Canceled
13 16 LLA 2019-007 2021-22 $407 / Acre $0 / Acre Wal-Mart Real Estate Business Trust
14 17 TR 38008 2021-22 $366 / RU $123 / RU Tri Pointe Homes IE-SD, Inc. 15 18 TPM 37751 2021-22 $2,188 / Acre $2,540 / Acre Boos-Up Lake Elsinore 16 19 PM 37710 2021-22 $1,034 / Acre $0 / Acre Pennington Industrial, LLC 17 20 TR 37280 2022-23 $323 / RU $5 / RU Lake Elsinore Lakeshore, LLC and Erin Crowder
18 21 TR 38116 2022-23 $387 / RU $82 / RU Tri Pointe Homes IE-SD, Inc. 19 22 TR 38378 2023-24 $358 / RU $7 / RU Vista Emerald, LLC 20 23 TR 28214-9 2023-24 $647 / RU $19 / RU Pulte Home Co. 21 24 BLD-2023-0026B 2023-24 $739 / Acre $288 / Acre Lake Street Properties, LP 22 25 TPM 37710 2024-25 $5,569 / Acre $755 / Acre RA & B Development, LLC 23 26 Canceled
24 27 PM 38195 & PM
38281 2025-26 $1,594 / Acre $0 / Acre
Cambern and Central North,
LLC, & Evergreen-Cambern and
Central South Land, LLC
25 28 TTM 33725 2025-26 $821 / RU $221 / RU KB Home California 29 TTM 25475 2025-26 $604 / RU $157 / RU Management Services 26 30 377-100-003,
377-380-003 2025-26 $5,449 / Acre $2,227 / Acre Cambern Avenue Development Holding Company, LLC 27 31 377-200-045 2025-26 $2,178 / Acre $0 / Acre Parvis Oshideri 28 32 381-320-026 2025-26 $477 / RU $91 / RU Zairey, Inc., a California 33 381-320-020 2025-26 $4,974 / Acre $1,529 / Acre Corporation 29 34 TTM 34249 2025-26 $921 / RU $209 / RU Tri-Pointe Homes IE-SD, Inc. 30 35 TR 37703 2025-26 $1,776 / Acre $0 / Acre In-N-Out Burgers, a California corporation
City of Lake Elsinore 12
Community Facilities District No. 2015-2 (Maintenance Services) Annexation
Tax
Zone
Tract
APN
Fiscal
Year
Maximum
Special Tax A
Maximum
Special Tax B Subdivider
31 36 To Be Determined
32 37 PA No. 2023-06 2025-26 $311 / RU $197 / RU RSI Development Lake Elsinore, LLC
33 38
377-232-006,
377-232-007,
377-232-009
2026-27 $5,094 / Acre $0 / Acre AF Properties, LLC
34 39 PM 20268 2026-27 $4,290 / Acre $0 / Acre Express LP Kick 35 40 PM 20208 2026-27 $1,594 / Acre $0 / Acre 31681 Riverside Drive, LLC 36 41 PM 28524 2026-27 $950 / Acre $9,010 / Acre PSR Investments LE, LLC

ESCALATION OF MAXIMUM SPECIAL TAXES
On each July 1, commencing on July 1, 2016 the Maximum Special Tax shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

City of Lake Elsinore 13
Community Facilities District No. 2015-2 (Maintenance Services)

APPENDIX B

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES
The services which may be funded with proceeds of the special tax of CFD No. 2015-2, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right-of-ways, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights and traffic signals; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways, streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and (b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities. Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right-of-way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance, servicing; or both of the water quality basin improvements within flood control channel improvements; and
(c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2015-2; as well as local roads within residential subdivisions located within CFD No. 2015-2; and any portions adjacent to the properties within CFD No. 2015-2; and In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

The above services shall be limited to those provided within the boundaries of CFD No. 2015-2 or for the benefit of the properties within the boundaries of CFD No. 2015-2, as the boundary is expanded from time to time by anticipated annexations, and said services may be financed by proceeds of the special tax of CFD No. 2015-2 only to the extent that they are in addition to those provided in the territory of CFD No. 2015-2 before CFD No. 2015-2 was created.

EXHIBIT D

ANNEXATION AND POTENTIAL ANNEXATION BOUNDARY MAPS
15§¨¦ NICHOLS RD

COLLIER AVE
389-200-031
ANNEXATION MAP NO. 36
COMMUNITY FACILITIES DISTRICT NO. 2015-2
(MAINTENANCE SERVICES)

CITY OF LAKE ELSINORE,

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA
SHEET 1 OF 1 SHEET THIS MAP SHOWS THE BOUNDARIES OF AREAS TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 2015-2(MAINTENANCE SERVICES), OF THE CITY OF LAKE ELSINORE, COUNTYOF RIVERSIDE, STATE OF CALIFORNIA. THE BOUNDARIES OF WHICH COMMUNITY FACILITIESDISTRICT ARE SHOWN AND DESCRIBED ON THE MAPTHEREOF WHICH WAS PREVIOUSLY RECORDED ONAUGUST 13, 2015 IN BOOK 78 OF MAPS OF ASSESSMENTAND COMMUNITY FACILITIES DISTRICT AT PAGE 73 ANDAS INSTRUMENT NO. 2015-0361493 IN THE OFFICE OF THECOUNTY RECORDER OF THE COUNTY OF RIVERSIDE,STATE OF CALIFORNIA. I HEREBY CERTIFY THAT THE WITHIN MAP SHOWING PROPOSEDBOUNDARIES TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICTNO. 2015-2 (MAINTENANCE SERVICES), CITY OF LAKE ELSINORE,COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, WAS APPROVEDBY THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE AT A REGULARMEETING THEREOF, HELD ON ______ DAY OF ______, 20____, BY RESOLUTION NO. _______________ ___________________________________CITY CLERK CITY OF LAKE ELSINORE FILED IN THE OFFICE OF THE CITY CLERK, CITY OF LAKEELSINORE THIS ______ DAY OF ______, 20___.___________________________________CITY CLERK CITY OF LAKE ELSINORE RECORDED THIS ____ DAY OF _______________, 20____ ATTHE HOUR OF ____ O'CLOCK __M IN BOOK _____PAGE _____ OF MAPS OF ASSESSMENT AND COMMUNITYFACILITIES DISTRICTS IN THE OFFICE OF THE COUNTYRECORDER, IN THE COUNTY OF RIVERSIDE, STATE OFCALIFORNIA. FEE: _____________ NO.: ______________________ PETER ALDANA, ASSESSOR, COUNTY CLERK, RECORDERBY: _______________________________ DEPUTY - THIS ANNEXATION MAP CORRECTLY SHOWS THE LOT OR PARCEL OF LAND INCLUDED WITHIN THE BOUNDARIES OF THE COMMUNITY FACILITIES DISTRICT. FOR DETAILS CONCERNING THE LINES AND DIMENSIONS OF LOTS OR PARCEL REFER TO THE COUNTY ASSESSOR MAPS FOR FISCAL YEAR 2026-27. ^_
CFD 2015-2
TAX ZONE 41
74}|·þ
74}|·þ
15 §¨¦
215 §¨¦

LAKE ELSINORE
XXX-XXX-XXX ASSESSOR PARCEL NUMBER 41 TAX ZONE
LEGEND

PARCEL LINEANNEXATION AREA BOUNDARYCITY BOUNDARY
41 EXHIBIT E

PETITION

PETITION TO THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE REQUESTING ANNEXING TERRITORY INTO COMMUNITY
FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF PROPERTY

WITHIN THE CITY OF LAKE ELSINORE AND A WAIVER WITH

RESPECTS TO CERTAIN PROCEDURAL MATTERS UNDER THE
MELLO-ROOS COMMUNITY FACILITIES ACT OF 1982 AND

CONSENTING TO THE LEVY OF SPECIAL TAXES THEREON TO PAY

THE COSTS OF SERVICES TO BE PROVIDED BY THE COMMUNITY

FACILITIES DISTRICT

1. The undersigned requests that the City Council of the City of Lake Elsinore (the “City”), initiate and conduct proceedings pursuant to the Mello-Roos Community Facilities Act of 1982 (the “Act”) (Government Code Section 53311 et seq.), to annex territory into Community Facilities District No. 2015-2 (Maintenance Services) (the “District”) of the property described below and consents to the annual levy of special taxes on such property to pay the costs of services to be provided by the Community Facilities District.

2. The undersigned requests that the community facilities district provide any services that are permitted under the Act including, but not limited to, all necessary service, operations, administration and maintenance required to keep the landscape lighting, street lighting, flood control facilities, ground cover, shrubs, plants and trees, irrigation systems, graffiti removal, sidewalks and masonry walls, fencing entry monuments, tot lot equipment and associated appurtenant facilities within the district in a healthy, vigorous and satisfactory working condition.

3. The undersigned hereby certifies that as of the date indicated opposite its signature, it is the owner of all the property within the proposed boundaries of the Community Facilities District described in Exhibit A hereto and as shown on the map Exhibit B hereto.

4. The undersigned requests that a special election be held under the Act to authorize the special taxes for the proposed annexation into Community Facilities District No. 2015-2 The undersigned waives any requirement for the mailing of the ballot for the special election and expressly agrees that said election may be conducted by mailed or hand-delivered ballot to be returned as quickly as possible to the designated election official, being the office of the City Clerk and the undersigned request that the results of said election be canvassed and reported to the City Council at the same meeting of the City Council as the public hearing on annexing territory into Community Facilities District No. 2015-2 or at the next available meeting.

5. Pursuant to Sections 53326(a) and 53327(b) of the Act, the undersigned expressly waives all applicable waiting periods for the election and waives the requirement for analysis and arguments relating to the special election, and consents to not having such materials provided to the landowner in the ballot packet, and expressly waives any requirements as to the form of the ballot. The undersigned expressly waives all notice requirements relating to hearings and special elections (except for published notices required by the Act), and whether such requirements are found in the California Elections Code, the California Government Code or other laws or procedures, including but not limited to any notice provided for by compliance with the provisions of Section 4101 of the California Elections Code. The undersigned expressly waives the word limit requirement for the ballots pursuant to Sections 13247 and 9051 of the Elections Code.

6. The undersigned hereby acknowledges and agrees that the measure submitted in connection with the special election referred to herein, as set forth in the ballot provided to the undersigned, asked voters whether or not the District should be authorized to levy a special tax in order to finance services (the "Services"), as specified in the Resolution No. 2015-078, adopted by the City Council of the City on September 22, 2015 (the “Resolution of Formation”). The Resolution of Formation described the Services to be financed by the District. The Rate and Method of Apportionment of the Special Tax for the District (the “Rate and Method”) is included in the ballot materials provided to the undersigned for the election (the “Ballot”). The Rate and Method contains detailed provisions specifying (i) the type of the Special Tax and the amount or rate of the Special Tax to be levied on each parcel of property in the District, (ii) the duration of the Special Tax (the fiscal year after which the Special Tax will no longer be levied), and (iii) the use of the revenue derived from the Special Tax to pay for the Services. The undersigned, having received and reviewed the Rate and Method and the Ballot will be, at the time it votes on the measure submitted to voters in the Ballot, in possession the type and amount or rate of the Special Tax, the duration of the Special Tax and the use of the revenue derived from the Special Tax, is fully informed with respect thereto and has a thorough understanding thereof.

7. The undersigned hereby consents to and expressly waives any and all claims based on any irregularity, error, mistake or departure from the provisions of the Act or other laws of the State and any and all laws and requirements incorporated therein, and no step or action in any proceeding relative to annexing territory into Community Facilities District No. 2015-2 of the portion of the incorporated area of the City of Lake Elsinore or the special election therein shall be invalidated or affected by any such irregularity, error, mistake or departure.

IN WITNESS WHEREOF, I hereunto set my hand this day of , 20 . [NAME OF LANDOWNER]
By:

Name:

Title:

OWNER'S PROPERTY:

TRACT MAP OR PARCEL MAP NO.
or PROJECT NO.

OWNER'S MAILING ADDRESS:

FILED IN THE OFFICE OF THE CITY CLERK OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE THIS DAY OF , 20 .

City Clerk of the City Council of the
City of Lake Elsinore
20 August 26
Erwin Randhawa
Managing Member
389-200-031
26895 Aliso Creek Rd STE B510
Aliso Viejo, CA 92656
INSERT EXHIBIT A: LEGAL DESCRIPTION

1.40 ACRES IN PAR 2 PM 190/030 PM 28524
INSERT EXHIBIT B: TRACT/PARCEL/SUBDIVISION MAP
Acknowledgment Regarding Property to be Included into Community Facilities District No. 2015-2 (Maintenance Services)
The developer/property owner of (Tract No. / Assessor’s Parcel No.) ______________________ hereby acknowledges that:

If the landscaping, drainage, lighting and eligible public improvements within the Community Facilities District No. 2015-2 (Maintenance Services) the maintenance areas of (Assessor’s Parcel Nos.) __________________________, which is to be included in the Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, are completed prior to the levy and collection of special taxes upon property within said tract for the maintenance of such landscape and improvements, the developer/property owner will continue to be responsible for and will maintain the landscaping, drainage, lighting, and eligible public improvements within such maintenance areas at its sole expense, and the City will not assume responsibility for the maintenance of such landscaping, drainage, lighting and eligible public improvements until such time as the City is able to collect such special taxes to pay the costs of the maintenance of such landscaping, drainage, lighting, and eligible public improvements.

DATED: OWNER(S):
___________________ _Erwin Randhawa__________________
(Print Name)
_________________________________
(Signature)
__Managing Member________________
(Title)
_________________________________
(Print Name)
_________________________________
(Signature)
_________________________________
(Title)
8/20/2026

EXHIBIT F

NOTICE OF PUBLIC HEARING ON INTENTION TO ANNEX TERRITORY TO AN EXISTING COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE

SERVICES)
(ANNEXATION NO. 36)
NOTICE IS HEREBY GIVEN that the City Council of the City of Lake Elsinore on September 22, 2026 adopted its Resolution No. 2026-___, in which it declared its intention to annex territory to existing Community Facilities District No. 2015-2 (Maintenance Services) (the "CFD No. 2015-2"), and to levy a special tax to pay for certain maintenance services, all pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982, Chapter 2.5, Part 1, Division 2, Title 5 of the California Government Code.

The resolution describes the territory to be annexed and describes the rate and method of apportionment of the proposed special tax. No change in the tax levied in the existing CFD No. 2015-2 is proposed.

NOTICE IS HEREBY FURTHER GIVEN that the City Council has fixed 7:00 p.m., or as soon thereafter as practicable, Tuesday, October 27, 2026, in the City Council Chambers located at 183 N Main St., Lake Elsinore, California 92530, as the time and place when and where the City Council will conduct a public hearing on the annexation of territory to CFD No. 2015-2. At the hearing, the testimony of all interested persons for or against the annexation of the territory or the levying of the special taxes will be heard. If and to the extent participation in the October 27, 2026 meeting must occur by teleconference, videoconference, or other electronic means authorized by the Ralph M. Brown Act or an Executive Order of the Governor of California, the means and methods for participating in the meeting shall be posted on the Agenda for said meeting, which shall be posted at least 72 hours prior to the meeting on the City of Lake Elsinore (www.lakeelsinore.org), and outside of City Hall at 130 S. Main Street, Lake Elsinore, CA 92530. A copy of the Agenda will be made available upon request to the Lake Elsinore City Clerk's office at 951-848-4115.

DATED: ____________, 20___ _________________________________________ City Clerk of the City of Lake Elsinore

EXHIBIT G

SPECIAL TAX ELECTION

CITY OF LAKE ELSINORE

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) ANNEXATION NO. 36
(October 27, 2026)
This ballot is for the use of the authorized representative of the following owner of land within Annexation No. 36 of the Community Facilities District No. 2015-2 (Maintenance Services) (“CFD No. 2015-2”) of the City of Lake Elsinore:

Name of Landowner
Number of Acres
Owned Total Votes
PSR Investments LE, LLC 1.4 2
According to the provisions of the Mello-Roos Community Facilities Act of 1982, and resolutions of the City Council (the “Council”) of the City of Lake Elsinore (the “City”), the above-named landowner is entitled to cast the number of votes shown above under the heading “Total Votes,” representing the total votes for the property owned by said landowner. The City has sent the enclosed ballot to you so that you may vote on whether or not to approve the special tax.

This special tax ballot is for the use of the property owner of the parcels identified below, which parcels are located within the territory proposed to be annexed to the CFD No. 2015-2, City of Lake Elsinore, County of Riverside, State of California. Please advise the City Clerk, at (951) 848-4115 if the name set forth below is incorrect or if you are no longer one of the owners of these parcels. This special tax ballot may be used to express either support for or opposition to the proposed special tax. To be counted, this special tax ballot must be signed below by the owner or, if the owner is not an individual, by an authorized representative of the owner. The ballot must then be delivered to the City Clerk, either by mail or in person, as follows:

Mail
Delivery: If by mail, place ballot in the return envelope provided, and mail no later than October 13, 2026, two calendar weeks prior to the date set for the election. Mailing later than this deadline creates the risk that the special tax ballot may not be received in time to be counted.

Personal
Delivery: If in person, deliver to the City Clerk at any time up to 7:00 p.m. on October 27, 2026, at the Clerk’s office at 130 S. Main St. Lake Elsinore, CA 92530.

However delivered, this ballot must be received by the Clerk prior to the close of the public meeting on October 27, 2026.

Very truly yours,
Candice Alvarez, MMC,
City Clerk
TO CAST THIS BALLOT, PLEASE RETURN THIS ENTIRE PAGE.

OFFICIAL SPECIAL TAX BALLOT
Name & Address of Property Owner: Assessor’s Parcel Number(s):

PSR Investments LE, LLC
Attn: Erwin Randhawa
26895 Aliso Creek Rd., STE B510
Aliso Viejo, CA 92656
389-200-031

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) ANNEXATION NO. 36
AN “X” OR OTHER MARK WILL CAST ALL VOTES ASSIGNED TO THIS BALLOT SPECIAL TAX BALLOT MEASURE MARK “YES” OR
“NO” WITH AN “X”:

Shall the City Council of the City of Lake Elsinore be authorized to levy a special tax on an annual basis at the rates set forth in the following table:

Land Use Category Taxable Unit Maximum Special
Tax A
Maximum Special
Tax B
Non-Residential Acre $950 $9,010
plus an annual increase on each July 1, commencing on July 1, 2027 the Maximum Special Tax A for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater, to finance certain services within the territory identified on the map entitled “Annexation Map No. 36 of Community Facilities District No. 2015-2 (Maintenance Services) City of Lake Elsinore” including landscaping and street maintenance for Special Tax A, and drainage for Special Tax B as provided in the Rate and Method of Apportionment which is attached as Exhibit C to Resolution No. 2026-__ adopted by the City Council of the City of Lake Elsinore on September 22, 2026 (including incidental expenses) and shall an appropriation limit be established for Community Facilities District No. 2015-2 (Maintenance Services) in the amount of special taxes collected?
YES _________
NO _________
Certification for Special Election Ballot
The undersigned is an authorized representative of the above-named landowner and is the person legally authorized and entitled to cast this ballot on behalf of the above-named landowner.

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct and that this declaration is executed on ____________, 20__.

Erwin Randhawa
Managing Member
Signature
Print Name
Title

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Date: September 22, 2026
Subject: Approval of Community Development Block Grant (CDBG) Supplemental Agreement 2026-2027 Program Year
Recommendation
Approve and authorize the Mayor to execute the Supplemental Agreement between the County of Riverside and the City of Lake Elsinore for the use of 2026-2027 Community Development Block Grant Funds.

Background
At its meeting on December 9, 2025, the City Council approved the Community Development Block Grant (CDBG) projects for the fiscal year 2025-2026. At that time, the City Council decided to allocate FY 2026-2027 funds for the following:
• City of Lake Elsinore
• Boys and Girls Club Scholarship Program
• Vista Community Clinic Program
• Thrifting 4 Gifting - School Zone
• HOPE Pantry Program
• Court Appointed Special Advocate (CASA) program

CDBG Supplemental Agreement 2026 – 2027

Page 2 of 2 ends

Discussion
On August 17, 2026, the City received a “Supplemental Agreement for using 2026-2027 Community Development Block Grant Funds” (Agreement).

Executed copies of the Agreement must be returned to the County of Riverside Housing Homelessness Prevention, and Workforce Solutions (HHPWS) no later than October 18, 2026, for the Board of Supervisors to approve, after which a fully executed agreement will be forwarded to the City along with the “authorized to incur costs.” When staff receive the authorization, funds can be released to the approved projects with the assurance of reimbursement from the County of Riverside to the City of Lake Elsinore.

The City of Lake Elsinore requested $587,000 for the program year 2026-2027. Of the $587,000, thirteen percent (13%) is used for the Riverside County Administrative costs. The Remaining $511,864 is allocated to public service programs and capital improvement. • 2.L.E.94-26 Spring Street ADA Sidewalk Improvement Project $382,630 o ADA Sidewalk Improvement Project Admin * $41,184
• 2.L.E.95-26 Boys and Girls Clubs Scholarship Program $ 8,000 • 2.L.E.96-26-25 Vista Community Clinic Program $21,000 • 0.290-26 School Zone Program $27,000
• 0.289-26 H.O.P.E. Pantry Program $25,000
• 0.288-26 Court Appointed Special Advocate (CASA) Program $7,050 Total $511,864
*Approved by the County to be allocated upon receipt of funds from HUD.

Fiscal Impact
There is no fiscal impact on the 2026-2027 General Fund. Projects are paid through the CDBG reimbursement process once the “authorization to incur costs” has been issued by the County of Riverside
Attachments
Attachment 1 – FY 2026 - 2027 Supplemental Agreement Community Development Block Grant Exhibit A - Boys and Girls Club
Exhibit B - Vista Community Clinic
Exhibit C - Court Appointed Special Advocate (CASA)
Exhibit D - Helping Our People in Elsinore (HOPE) Pantry Exhibit E - Thrifting 4 Gifting School Zone

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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: Damaris Abraham, Community Development Director Date: September 22, 2026
Subject: Amendment No. 1 to the Professional Services Agreement with LSA Associates, Inc. for Environmental Documentation for the Baker Street Industrial Project
Recommendation
Approve and authorize the City Manager to execute Amendment No. 1 to the Agreement for Professional Services with LSA Associates, Inc. (LSA) to increase the contract amount for an additional $27,332.75 for a total contract amount not to exceed $337,682.75, in such final form as approved by the City Attorney.

Background
The City entered into the original Agreement for Professional Services with LSA on May 28, 2024, to prepare the required California Environmental Quality Act (CEQA) compliance documents for the Baker Street Warehouse Project. The total contract amount approved by the City Council was not to exceed $310,350. The cost for preparing the environmental document is paid through the application fee process which pays for the cost of preparing the environmental analysis.

Amendment No. 1 with LSA

Page 2 of 2 ends

Discussion
The applicant has submitted an entitlement application for a new industrial warehouse project located at the intersection of Baker Street and Pierce Street and includes Assessor Parcel Numbers (APNs) 378-020-012, 015, 016, 024, 028, 029, 030, 031, 033, 034, 036, 037, 038, 039, 040, 041, 042, 043, 048, 054; 378-114-064; 389-080-013, and 058.

The project proposes the development of a 212,028 sq. ft. warehouse building, a 788,423 sq. ft. warehouse building, and a truck/trailer parking lot. The project will also include right-of-way improvements on Baker Street and Pierce Street and the realignment of Baker Street to Nichols Road and 33.65 acres of habitat conservation area.

Several technical studies have been prepared for the proposed project including Air Quality, Energy, Greenhouse Gas, and Health Risk Assessment, Noise and Vibration Assessment, Cultural Resources Assessment, Paleontological Resources Assessment, Phase I Environmental Site Assessment, Visual Impact Assessment, Geotechnical/Soils Evaluation, Utility/Services System Study, Vehicle Miles Traveled (VMT) Analysis, and Wildfire Protection Plan and Report.

LSA utilized the above technical studies to prepare detailed analysis for the project as required by CEQA.

LSA has provided environmental document preparation services, including peer review of the supporting technical studies as well as preparing the draft environmental document. However, the preparation of the Administrative Draft Environmental Impact Report (DEIR) required additional time to meet and coordinate including additional rounds of peer review of the technical studies and preparing responses to comments received during the DEIR 45-day public comment period. The amendment would allow LSA to prepare the Finding of Fact and Statement of overriding consideration as well as potential services related to unanticipated comment letters that may be received prior to public hearings and potential continuance of public hearings.

Compensation for the additional services requested under Amendment No. 1 will not exceed $27,332.75 for a new total contract amount not to exceed $337,682.75.

Fiscal Impact
The cost of preparing the environmental review will be paid by fees collected from the developer through the City's cost recovery program. All staff administrative time and consultant costs are paid from the applicant's fees. No General Fund budgets will be allocated or used for the completion of the CEQA documents for the project.

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

TO AGREEMENT FOR PROFESSIONAL SERVICES
LSA ASSOCIATES, INC.

ENVIRONMENTAL DOCUMENTATION FOR THE BAKER STREET INDUSTRIAL PROJECT This Amendment No. 1 to Agreement for Professional Services is made and entered into as of September 22, 2026, by and between the City of Lake Elsinore, a municipal corporation (“City), and LSA Associates, Inc., a California Corporation (“Consultant”).

RECITALS
A. The City and Consultant have entered into that certain Agreement for Professional Services dated as of May 28, 2024 (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 three hundred ten thousand, three hundred fifty dollars ($310,350.00).

C. The Original Agreement had a term until the services and related work are completed in accordance to the Consultant’s Proposal (Exhibit A).

D. 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 June 17, 2026, Proposal (attached to this Amendment No. 1 as Exhibit A-1).

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 2, 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 Schedule of Charges set forth in Consultant’s Proposal (referenced collectively as Exhibit A-1 Amendment No. 1). In no event shall Consultant’s compensation related to Exhibit A-1 to Amendment No. 1 exceed three hundred thirty-seven thousand, six hundred eighty-two and seventy-five hundredths dollars ($337,682.75) 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 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”
LSA Associates, Inc., a California Corporation
City Manager
Date:

Amy Fischer
Chief Executive Officer
Date: __
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
Attachments: Exhibit A-1 – Consultant’s Proposal

EXHIBIT A -
CONSULTANT’S PROPOSAL
[ATTACHED]
1 CONTRACT AMENDMENT
LSA Project #: 20241799 Date: June 17, 2026
Project Name: Baker Street Industrial Project
Client: City of Lake Elsinore Attention: Nancy Huynh
Description of Services
LSA proposes to amend its contract with the City of Lake Elsinore for the Baker Street Industrial Project (LSA Project # 20241799), dated May 28, 2024, to perform the following services:
• Reconcile out of scope services related to reprographics/distribution costs from the Notice or Preparation (NOP) and Notice of Availability (NOA), additional rounds of peer review for the Noise Study, and preparation of 3rd, 4th, and 5th drafts of the Administrative Draft EIR for multiple sections that required reallocation of budget from other tasks in order to proceed under the existing contract.
• Update the Final EIR, Findings of Fact and Statement of Overriding Considerations, and revise the Mitigation Monitoring and Reporting Program in accordance with the Baker Industrial Project – DBESP Addendum, dated May 28, 2026. • Establish a contingency task for potential services related to unanticipated comment letters that may be received prior to public hearings and potential continuance of public hearings.

Notice or Preparation (NOP), Notice of Availability (NOA), peer review Noise Study, and 3rd, 4th, and 5th drafts of the Administrative Draft EIR and Draft EIR LSA scoped for 25 copies of the NOP and NOA and 25 mailings of each, but we printed and shipped 228 copies of the NOP and 193 copies of the NOA. Also, LSA engaged in additional rounds of peer review for the Noise Study that required conference calls with the Applicant team and additional peer review memos to incorporate an expansion of the offsite improvements proposed for the project. Additionally, LSA’s scope included preparation of two administrative drafts of the EIR and a public review draft EIR for dissemination. Based on comments received from the Applicant team and City staff, LSA engaged in a 3rd administrative draft review of the EIR for every section and a 4th administrative draft review for the sections listed below:
o Aesthetics
o Cultural
o Geology & Soils
o GHG
o Land Use
o Minerals
o Population & Housing
o Recreation
o Transportation
o Tribal Cultural Resources
o Utilities
o Wildfire
2 LSA also prepared 5th drafts of the Cultural and Tribal Cultural Resources sections of the EIR to incorporate an expansion of the offsite improvements proposed for the project and to address comments from the Applicant’s legal counsel, which included updating mitigation measures. There was also extensive coordination/consultation with LSA technical staff and the Applicant team during preparation of the Cultural Resources and Biological Resources sections of the EIR that exceeded our anticipated level of effort to address comments on those sections. Finally, our editing team was tasked with updating previously edited EIR sections as the additional comments were received during the week when the Draft EIR was distributed for public review. The cost for these items is $11,632.75.

Update Final EIR, Findings of Fact and Statement of Overriding Considerations, and Mitigation Monitoring and Reporting Program
LSA will revise the Biological Resources section of the Draft EIR in the errata chapter of the Final EIR,1 revise the Findings of Fact and Statement of Overriding Considerations (FFSOC), and revise the Mitigation Monitoring and Reporting Program (MMRP) in accordance with EPD’s updated responses to Comment Letters E and I and the Baker Industrial Project – DBESP Addendum, dated May 28, 2026, that would be approved by all the applicable resources agencies prior to incorporation.

This scope assumes that the Baker Industrial Project – DBESP Addendum and updated responses to Comment Letters E and I provide the basis for all required revisions to the Final EIR, FFSOC, and MMRP and does not include additional rounds of review, responses to subsequent agency comments, or revisions resulting from future changes to the project or biological technical studies.

The cost for this task is $4,500.

Contingency task for potential services related to unanticipated comment letters that may be received prior to public hearings and potential continuance of public hearings LSA proposes to establish a contingency task to provide potential services related to unanticipated comment letters that may be received prior to public hearings and potential continuance of public hearings. This contingency task is limited to the following circumstances and would be used only if needed to perform the following services on a time and materials basis:
o Continuance of one public hearing of the project, either Planning Commission or City Council, whereat LSA attendance would include Project Manager Dionisios Glentis and Principal-in-Charge Ryan Bensley. The cost for this task is $3,200. o LSA review of one unanticipated comment letter that totals up to 50 pages of meaningful content (attachments of curriculum vitae or similar contents not included in the page count) and oral response at a public hearing. The cost for this task is $4,000. o Should City staff request a written response from LSA on the unanticipated comment letter, the cost for this task would be $8,000.

Budget
LSA performed the Description of Services above on an hourly basis in accordance with our existing Contract with the City of Lake Elsinore for this project. We estimate that a budget of $23,332.75 1 LSA understands that revisions to responses to Comment Letters E and I are being made by EPD Solutions, Inc., and LSA will receive updated responses to these letters that would require LSA to perform a simple swap of the original responses in the Final EIR.
3 including oral response to one unanticipated comment letter at a public hearing, or $27,332.75 including written response to one unanticipated comment letter, will be sufficient to complete the Description of Services; this includes all expenses and indirect charges. The budget will not be exceeded without your approval. As shown in the Summary of Budget History, approval of the amendment will increase our authorized budget to $333,682.75 or $337,682.75 depending on if one unanticipated comment letter requires oral response at a public hearing or written response for the administrative record.

Current Budget $310,350.00
Amendment Budget $23,332.75 or $27,332.75
Total Budget $333,682.75 or $337,682.75
If you agree with these terms, please provide written authorization below and return a copy to me.

Please contact me at [email protected] or 951-777-2338 if you have any questions.

THE ABOVE STATED TERMS ARE HEREBY ACCEPTED AND AUTHORIZED.

CONSULTANT: CLIENT:

LSA Associates, Inc.

Company Company
Authorized Signature Authorized Signature
Name Name
Title Title
Date Date

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: September 22, 2026
Subject: Assignment of Easement Deed to Elsinore Valley Municipal Water District Related to the Temescal Canyon Bridge Over Temescal Wash Replacement Project
Recommendation
Approve and authorize the City Manager to process the easement documents and instruct staff to forward the document to Elsinore Valley Municipal Water District for recordation.

Background
The existing Temescal Canyon Bridge over Temescal Wash has been rated as functionally obsolete with a low sufficiency rating by Caltrans. The existing bridge is also severely undersized to handle the storm flows, and as a result Temescal Canyon Road westerly of Lake Street is subject to constant flooding and road closure. The City is currently finalizing the right of way certification for the Temescal Canyon Bridge Over Temescal Wash Replacement Project.

Discussion
City Council approved the Purchase and Sale Agreement with Alberhill Holdings, LLC on March 28, 2023. The City obtained a public utility easement for the relocation of an existing 30” Ag Line, which provided an option to grant, transfer, and/or assign the easement rights to any other governmental district, entity or agency. EVMWD is the water and sewer purveyor in the city and owner of the 30” Ag Line. The Public Utility easement covers 6,612 square feet.

Fiscal Impact
There are no fiscal impacts to the City assigning the easement to EVMWD.

Temescal Canyon Bridge Easement

Page 2 of 2 ends

Attachments
Attachment 1 – Assignment of Easement
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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: Traci Williams, Fire Marshal
Date: September 22, 2026
Subject: Consideration of Annual Reporting of Completed State Mandated Fire and Life Safety Inspections by the City of Lake Elsinore in Compliance with SB 1205 for Fiscal Year 2026-2027
Recommendation
Adopt, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACKNOWLEDGING RECEIPT OF A REPORT MADE BY THE FIRE CHIEF OF

THE RIVERSIDE COUNTY FIRE DEPARTMENT REGARDING THE INSPECTION OF

CERTAIN OCCUPANCIES REQUIRING ANNUAL INSPECTIONS IN SUCH OCCUPANCIES PURSUANT TO SECTIONS 13145, 13146 and 17921 OF THE CALIFORNIA HEALTH AND SAFETY CODE.

Background
On September 27, 2018, SB 1205 became effective, and added a new section to the California Health and Safety Code which affects every fire department or fire district in the State. Existing state law requires every fire department or district providing fire protection services to inspect every building used as a public or private school annually. This same annual inspection requirement is applicable to hotels, motels, lodging houses, and apartment houses. This bill also requires every fire department or district to annually report to its administering authority their compliance with the annual inspection requirements of the California Health and Safety Code.

The bill also requires the administering authority to formally acknowledge receipt of the compliance report in a resolution or a similar formal document.

Discussion
The responsibility for conducting the required inspections falls to the Fire Division as directed by the Fire Marshal. In conducting these inspections, Fire Division staff review compliance with such SB 1205

Page 2 of 2 ends

items as fire sprinkler and fire alarm maintenance, safe exiting, fire extinguisher maintenance, conducting fire drills and safe storage of combustibles.

In review of all completed inspections, the Fire Marshal has determined that all required inspections have been completed for Fiscal Year 2025-2026. Adoption of the recommended resolution and transmittal to the appropriate State Agency will meet the City’s obligation under SB 1205.

Environmental Determination
The proposed resolution is exempt from the California Environmental Quality Act (Cal. Publ. Res.

Code §§21000 et seq. “CEQA”) and the State CEQA Guidelines (14. Cal. Code Regs §§15000 et seq.), specifically pursuant to pursuant to Sections 15060(c)(2), 15060(c)(3), and 15061(b)(3) of the CEQA Guidelines because it will not result in a direct or reasonably foreseeable indirect physical change in the environment, because there is no possibility that it may have a significant effect on the environment and because it is not a “project” as that terms is defined in Section 15379 of the State CEQA Guidelines.

Fiscal Impact
There is no fiscal impact related to this action and all costs of the inspection processes are included in the adopted fee resolution.

Attachments
Attachment 1 – Resolution
1 RESOLUTION NO. 2026-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACKNOWLEDGING RECEIPT OF A REPORT MADE BY THE FIRE

CHIEF OF THE RIVERSIDE COUNTY FIRE DEPARTMENT REGARDING THE

INSPECTION OF CERTAIN OCCUPANCIES REQUIRING ANNUAL INSPECTIONS IN SUCH OCCUPANCIES PURSUANT TO SECTIONS 13145, 13146 and 17921 OF THE

CALIFORNIA HEALTH AND SAFETY CODE
Whereas, California Health & Safety Code Section 13146.4 was added in 2018, and became effective on January 1, 2019; and
Whereas, California Health & Safety Code Section 13146.4 requires all fire departments, including the Riverside County Fire Department, that provide fire protection services to report annually to its administering authority on its compliance with Health & Safety Code sections 13146.2 and 13146.3; and
Whereas, California Health & Safety Code Section 13146.2 and 13146.3 requires all fire departments, including the Riverside County Fire Department, that provide fire protection services to perform annual inspections in every building used as a public or private school, hotel, motel, lodging house, apartment house, and certain residential care facilities for compliance with building standards, as provided; and
Whereas, the Council of the City of Lake Elsinore intends this Resolution to fulfill the requirements of the California Health & Safety Code 13146.4 regarding acknowledgment of the Riverside County Fire Department’s compliance with California Health and Safety Code Sections 13146.2 and 13146.3.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lake Elsinore, California: expressly acknowledges the measure of compliance of the Riverside County Fire Department with Health and Safety Code sections 13146.2 and 13146.3 in the City of Lake Elsinore for the time period of July 1, 2026, to June 30, 2027, as follows:

Section 1. The above recitals are true and correct.

Section 2. Educational Group E occupancies, for the purposes of this Resolution, are generally those public and private schools, used by more than six persons at any one time for educational purposes through the 12th grade. The Riverside County Fire Department completed 100% of the annual inspections of the identified Group E occupancies, buildings, structures and/or facilities in the City of Lake Elsinore.

Section 3. Residential Group R occupancies, for the purposes of this Resolution, are generally those occupancies containing sleeping units, and include hotels, motels, apartments (three units or more), etc. as well as other residential occupancies (including a number of residential care facilities). These residential care facilities have a number of different subclassifications, and they may contain residents or clients that have a range of needs, including those related to custodial care, mobility impairments, cognitive disabilities, etc. The residents may also be non-ambulatory or bedridden. The Riverside County Fire Department completed 100% of the annual inspections of the identified Group R occupancies, buildings, structures and/or facilities in the City of Lake Elsinore.

CC Reso No. 2026-
2 of 2
2 Section 4. This Resolution shall take effect immediately upon its adoption.

Section 5. The City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this 22nd day of September 2026.

Robert E. Magee,
Mayor
Attest:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk, of the City of Lake Elsinore, California, hereby certify that Resolution No. 2026- was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of September 22, 2026, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

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: Beau Davis, Acting Director of Recreation
Date: September 22, 2026
Subject: Road Closures for Fall and Winter 2026 Events
Recommendation
Approve temporary road closures for Trunk or Treat on Saturday, October 10th, Dia de Los Muertos on October 24th, and Winterfest on December 5th to Historic Downtown and adjacent streets as outlined in the attached traffic control plans with adjustments permitted as necessary and approved by the City Engineer.

Background
The City of Lake Elsinore is excited to host the annual Trunk or Treat event on October 10, 2026.

This event attracts thousands of Lake Elsinore residents to host and participate in a festive, familyfriendly event highlighting residents, businesses, and Halloween fanfare. Participants host themed experiences out of the “trunks” of their cars, passing out flyers, candy, and crafts.

Temporary road closures for the Trunk or Treat are scheduled from 2:00 pm to 10:00 pm.

Soon after, on October 24, 2026, Studio 395, the Downtown Merchants Association, and the City will collaborate and host the annual Dia de Los Muertos event featuring a vibrant car show, captivating performances, and beautifully crafted altars. Visitors are encouraged to visit downtown to immerse themselves in culture, lively dance, and an array of vendors. Temporary road closures for the Dia de Los Muertos event are scheduled from 1:00 pm to 10:30 pm.

Finally, to kick off the holiday season, the City hosts its renowned Winterfest event and parade on December 5, 2026. Winterfest has become a signature event with multiple generations kicking off the holiday season with food, vendors, visits with Santa, sled runs, and a magical nighttime parade. Temporary road closures for Winterfest are scheduled from 1:00 pm to 11:00 pm.

Additionally, some adjacent streets may be closed on Friday, December 4, 2026, to accommodate staging of materials and sled run set-ups.
2026 Fall and Winter Event Road Closures

Page 2 of 2 ends

Discussion
To ensure public safety, road closures for the upcoming Fall and Winter events are being submitted for City Council approval, with specific maps and details provided in the supporting attachment.

The Riverside County Sheriff’s Department-Lake Elsinore Station, in collaboration with the Public Works Department, the Engineering Department, and the Recreation Department, will coordinate resources to execute the event in alignment with the attached road closure plans. For the highest level of safety, staff recommend enforcing the street closures identified in the attachment, supported by City staff and law enforcement.

Recognizing the need for flexibility in adapting to unforeseen circumstances, the road closure plan may be amended with approval from the City Engineer.

Fiscal Impact
Costs for staffing the road closures are budgeted in the FY 2026/2027 operating budget Attachments
Attachment 1 – 2026 Fall and Winter Road Closure Maps

CITY OF LAKE ELSINORE APPROVAL CITY OF LAKE ELSINORE

PORTABLE CHANGEABLE MESSAGE

BOARD TO BE PLACED DURING EVENT

PORTABLE CHANGEABLE MESSAGE BOARD TO BE
PLACED 1 WEEK PRIOR TO EVENT
SIGN SPACING:
25 MPH - 100'
30-40 MPH - 250'
45+ MPH - 350'
4/4/2025
Dia de Los
Muertos
2026

GRAHAM AVE

ELLIS ST
MAIN
STREET
LEGEND

ROAD CLOSED

ROAD CLOSED TO

THRU TRAFFIC

CITY VEHICLE

DETOUR ROUTE

PUBLIC PARKING
ALLEY

DETOUR/ROAD CLOSED
AHEAD
“SPECIAL EVENT” NO PARKING –
Within all Road Closed Areas
CMS - on Main and Lakeshore
advising of event/road closure/detour
CMS
P

CITY HALL

ELLIS ST GRAHAM AVE

HEALD AVE
P
MAIN
STREET

SULPHUR ST
LINE

HEALD AVE

LIMITED AVE

CULTURAL
CENTER

LANGSTAFF
ST.

RILEY
ST.

SUMNER AVE

CHESTNUT
ST.

PECK ST.

PROSPECT AVE
LIBRARY ST.

SUMNER AVE
ROAD CLOSURES: 2:00 PM to 10:00 PM

Trunk or Treat 2026
SATURDAY, October 10 th
5:00 p.m. to 8:00 p.m.

Road Closure/Detour Plan
130 South Main Street, Lake Elsinore, CA 92530
Event Coordinator: 951-848-0481
SPRING
STREET

SHOPPING
CENTER

CITY PARK
FRANKLIN ST.

P
P
CMS
P CMS
P

CITY OF LAKE ELSINORE APPROVAL CITY OF LAKE ELSINORE
WEBB
N
W E
S

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, City Clerk
Date: September 22, 2026
Subject: Minutes of the Regular Successor Agency Meeting of September 8, 2026 Recommendation
Approve the Minutes.

Attachments
Attachment 1 – Draft Minutes
City of Lake Elsinore Meeting Date:

City Council Meeting September 8, 2026
Minutes - Draft
Meeting Time:

Closed Session: 5:30 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 Successor Agency was called to order at 5:30 p.m.

2. ROLL CALL

Present: 3 - Agency Members Tisdale, and Carroll; and Chair Magee

Absent: 2 - Agency Member Manos; and Vice Chair Sheridan

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

4. SUCCESSOR AGENCY CLOSED SESSION – 5:30 P.M.

4.1 CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs 373-210-040 and 373-210-042
Agency negotiators: Executive Director Simpson, Assistant Executive Director Buckley, and Agency Counsel Leibold
Negotiating parties: Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and Lake Elsinore Storm LP and Golden State Concessions and Catering, Inc. Under negotiation: Price and terms of payment

5. RECESS
The Successor Agency recessed into Closed Session at 5:31 p.m.

Agency Member Manos arrived at 5:32 p.m.

City Council Minutes - Draft September 8, 2026
City of Lake Elsinore Page 2

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

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

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

8. ROLL CALL

Present: 4 - Council/Agency Members Tisdale, Manos, and Carroll; and Mayor/Chair Magee

Absent: 1 - Mayor Pro Tem/Vice Chair Sheridan

9. CLOSED SESSION REPORT
Agency Counsel Leibold reported that one item was discussed; however, no reportable action was taken.

10. PRESENTATIONS/CEREMONIALS

10.1 Constitution Week Proclamation
Present a Proclamation proclaiming the week of September 17-23, 2026 as “Constitution Week" in the City of Lake Elsinore.

Mayor Magee presented the Proclamation to Joyce Hohenadl and Bonnie Hayosh.

11. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
There were no speakers.

12. CITY COUNCIL CONSENT CALENDAR
Moved by Council Member Manos, seconded by Council Member Tisdale to approve the City Council Consent Calendar. The motion carried by the following vote:

Yes (4): Council Members Tisdale, Manos, and Carroll; and Mayor Magee Absent (1): Mayor Pro Tem Sheridan
Carried (4 to 0)

12.1 Minutes of the Regular City Council Meeting of August 25, 2026 Approve the Minutes.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft September 8, 2026
City of Lake Elsinore Page 3

12.2 CC Warrant Report Dated July 27, 2026 to August 2, 2026 Receive and file.

This item was approved on the City Council Consent Calendar.

12.3 CC Warrant Report Dated August 3, 2026 to August 9, 2026 Receive and file.

This item was approved on the City Council Consent Calendar.

12.4 Purchase of Real Property Located on Sannelle Street for Pope Circle Drainage Project (APN 378-254-009)
Approve the purchase of a vacant parcel of real property located on Sannelle Street for the Pope Circle Drainage Project for a purchase price of $64,000, plus closing costs, and authorize the City Manager to execute the Vacant Land Purchase Agreement 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.

12.5 Agreement with Duthie Power Service for City-Owned Generators Maintenance and Repairs
Approve and authorize the City Manager to execute a Contractor Services Agreement with Duthie Power Service for service and maintenance of city-owned generators in an amount not to exceed $35,000 per fiscal year 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 $3,500 for unanticipated costs.

This item was approved on the City Council Consent Calendar.

12.6 Amendment No. 1 to the Special Legal Services Agreement with Fennemore, LLP
Approve and authorize the City Manager to execute Amendment No. 1 to the Special Legal Services Agreement with Fennemore, LLP to provide Special Counsel legal services to the City in final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft September 8, 2026
City of Lake Elsinore Page 4

12.7 Road Closures for Civic Center Grand Opening
Approve temporary road closures for the Civic Center Grand Opening on October 1, 2026, as identified in the attached traffic plans, and allow for changes as necessary and approved by the City Engineer.

This item was approved on the City Council Consent Calendar.

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

Yes (4): Agency Members Tisdale, Manos, and Carroll; and Chair Magee Absent (1): Vice Chair Sheridan
Carried (4 to 0)

13.1 Minutes of the Regular and Special Successor Agency Meetings of August 25, 2026
Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

13.2 SA Warrant Report Dated July 27, 2026 to August 2, 2026 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

13.3 SA Warrant Report Dated August 3, 2026 to August 9, 2026 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

14. PUBLIC HEARINGS

15. BUSINESS ITEMS

15.1 Update on Notice of Violation for Code Enforcement Case No. 26-447 for Super Star Car Wash Located at 29150 Central Avenue
Receive a staff report, take public comments, and provide staff with further direction on the matter.

Planning Manager Huynh presented the staff report.

City Council Minutes - Draft September 8, 2026
City of Lake Elsinore Page 5
City Clerk Alvarez noted that two written communications were received, entered into the record, and distributed to the City Council and the public.

David McLean, Maria McLean, Daniel Freedman, Kimberly Slingerland, and Esmeralda Arroyo were called to speak.

Moved by Mayor Magee, seconded by Council Member Manos to continue this item to the first meeting in October. The motion carried by the following vote:

Yes (4): Council Members Tisdale, Manos, and Carroll; and Mayor Magee Absent (1): Mayor Pro Tem Sheridan
Carried (4 to 0)

16. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES
There were no speakers.

17. CITY MANAGER COMMENTS
City Manager Simpson had no comments.

18. CITY ATTORNEY COMMENTS
City Attorney Leibold had no comments.

19. CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Carroll wished Council Member Tisdale a happy birthday; and thanked staff and the City's first responders for their hard work.

Council Member Tisdale thanked the Riverside Sheriff's Office for taking him on a ride along; and provided an update from the Homeless Task Force.

Council Member Manos invited the community to attend the Emergency Preparedness Fair from 8:30 a.m. to 1:00 p.m. on Saturday, September 19, 2026 in the Lowe's parking lot; encouraged the community to attend MariachiFest on September 19, 2026 at Diamond Stadium; and announced the Ophelia Theatre Group's production of The Humans by Stephen Karam on September 18, 19, and 20, 2026 at the UCC Community Center.

Mayor Magee announced the Lake Elsinore Storm has advanced to the Playoffs and invited the community to attend the Playoff Game at 6:05 p.m. on Thursday, September 10, 2026.

City Council Minutes - Draft September 8, 2026
City of Lake Elsinore Page 6

20. ADJOURNMENT
The Lake Elsinore City Council adjourned at 7:45 p.m. to the next Regular meeting on Tuesday, September 22, 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: September 22, 2026
Subject: SA Warrant Report Dated August 10, 2026 to August 16, 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
AUG 10, 2026
TO AUG 16, 2026

CITY OF LAKE ELSINORE SA WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
540 SARDA DIAMOND STADIUM 25,667.50 $
GRAND TOTAL 25,667.50 $
Attachment 1 1 OF 1
AUG 10, 2026
TO AUG 16, 2026

CITY OF LAKE ELSINORE SA WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
12227 AK SECURITY ALARM LLC 23,480.00 $
12249 PROSTAFF, LLC 2,187.50
GRAND TOTAL 25,667.50 $
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: September 22, 2026
Subject: SA Warrant Report Dated August 17, 2026 to August 23, 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
AUG 17, 2026
TO AUG 23, 2026

CITY OF LAKE ELSINORE SA WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III 18,014.00 $
GRAND TOTAL 18,014.00 $
Attachment 1 1 OF 1
AUG 17, 2026
TO AUG 23, 2026

CITY OF LAKE ELSINORE SA WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA27000333 RP LANDSCAPE & IRRIGATION 1,660.00 $
12299 LEIBOLD, MCCLENDON & MANN, PC 16,354.00
GRAND TOTAL 18,014.00 $
Attachment 2 1 OF 1

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: September 22, 2026
Subject: SA Investment Report for August 2026
Recommendation
Receive and file the Investment Report for August 2026.

Discussion
The Investment Report is a listing of all funds invested for the City of Lake Elsinore and includes funds held for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report.

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1 – Investment Report August 2026

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account $ 2,538,015 $ 54,235 $ (167,850) $ 2,424,400 Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 2,538,015 54,235 (167,850) 2,426,700

INVESTMENTS
Local Agency Investment Funds 36,177,558 - - 36,177,558 CAMP Investments:

CAMP Pool Account 578,107 - - 578,106.69
U.S. Treasury Bond / Note 34,888,563 - - 34,888,562.50
Municipal Bond / Note 200,000 - - 200,000.00
Federal Agency Commercial Mortgage-Backed Security 7,722,508 - - 7,722,508.29 Federal Agency Bond / Note - - - -
Corporate Note 16,479,985 - - 16,479,985.07
Certificate of Deposit - - - -
Bank Note 525,525 - - 525,525.00
Asset-Backed Security 7,441,965 - - 7,441,965.02
Sub-total Investments 104,014,211 - - 104,014,211
Market Value Adjustment:

Unrealized Gain/(Loss) at 07/31/2026 (135,787) - - (135,787) Total Investments 103,878,424 - - 103,878,424
Total Pooled Cash and Investments $ 106,416,439 $ 54,235 $ (167,850) $ 106,305,123 TOTAL POOLED CASH AND INVESTMENTS $ 106,305,123
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 September 10, 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 AUGUST 31, 2026

FUND NO FUND NAME AMOUNT
100 General $ 5,528,483
102 Measure Z 12,442,517
106 Affordable Housing In Lieu 1,820,260
107 Developer Agreement Revenue 323,575
109 Road Maintenance and Rehabilitation (SB1) 2,586,869 110 State Gas Tax 1,740,010
111 TUMF C.I.P. 1,162,652
112 Measure A 1,822,638
114 SB1186 CASP Education Program 98,779
115 Traffic Safety 7,048
116 City Hall-Public Works DIF 110,693
117 Community Center DIF 727,607
118 Lake Side Facility DIF 421,995
119 Animal Shelter DIF 3,858
121 T.R.I.P.-2014A 3,213
135 Lighting & Landscape Maintenance - Dist. No. 1 2,698,870 140 Geothermal 13,384
150 C.D.B.G. 266,663
160 PEG Grant 6,317
202 La Strada RBBD 27,298
203 E.L.S.P. - S.T.I.F. 3,849,426
205 Traffic Impact Fee 784,886
211 Storm Drain C.I.P. 2,284,170
221 Quimby Park C.I.P. 140,515
231 Library C.I.P. 879,237
232 City Fire Protection 1,655,965
300 Insurance Service 47,660
305 Information Systems Service 2,627,179
310 Support Service 31,818
315 Fleet Service 1,460,830
320 Facilities Service 2,875,901
331 CFD 2006-1CC Summerly Improvement Area CC 56,984
332 CFD 2006-1 Improvement Area B, Summerly 16,985
333 CFD 2015-4 Terracina 556,142
334 CFD 2015-5 Trieste - Far West Industries 45,192
335 CFD 2003-2E Canyon Hills Improvement Area E 49,999
336 CFD 2006-1FF Summerly Improvement Area FF 35,268
337 CFD 2016-2 Canyon Hills 9,303
338 CFD 2006-1 IA-JJ Summerly Improvement Area 86,345
339 CFD 2006-1 IA-KK Summerly Improvement Area 52,004

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 AUGUST 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 AUGUST 31, 2026
340 CFD 2006-1 IA-EE Summerly Improvement Area 47,637
345 CFD 2003-2 Improvement Area D, Canyon Hills 763,340 346 CFD 2014-1 Southshore 66,231
347 CFD 2006-1 Improvement Area A, Summerly 17,906
350 CFD 98-1 Summerhill 61,587
351 CFD 2006-1 IA-II Summerly Improvement 108,218
354 CFD 90-2 Tuscany Hills 66,904
355 RAD 2021-1 Canyon Hills Improvement 123,640
357 CFD 2003-2 Canyon Hills Improvement Area 69,992
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 6,772 361 CFD 2022-2 Lakeshore Improvement 5,549
364 CFD 2023-2 Coastal Mission Trail Improvement 5,280
366 CFD 2005-6 City Center Townhomes 115,272
368 CFD 2006-2 Viscaya 114,405
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 177,429 370 CFD 2006-1 IA-HH Summerly Improvement 87,472
371 CFD 2005-1 Serenity 42,119
372 CFD 2005-2 Alberhill Ranch Improvement Area 81,967
374 CFD 2005-4 Lakeview Villas 5,281
375 CFD 2006-4 Clurman 82,530
377 CFD 2006-6 Tessara 65,780
378 CFD 2006-8 Running Deer Estates 55,439
379 CFD 2022-1 Alberhill 57,848
384 CFD 2003-2 Area B Canyon Hills Improvement Area 634,198 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 141,288 386 CFD 2007-4 Mekenna Court 56,331
387 CFD 2007-5 Red Kite 27,071
388 CFD 2007-6 Holiday Inn Express 5,890
390 CFD 2003-2 Area C Canyon Hills Improvement Area 73,811 392 CFD 95-1 City Center 1,442
394 CFD 2005-5 (2012A) Wasson Canyon 51,800
395 CFD 2018-1 Wasson Canyon II Improvement Area 1,304
396 CFD 2018-2 Nichols Ranch Improvement Area 149,443
397 CFD 2018-3 Village at Lakeshore 99,669
540 Successor To RDA Diamond Stadium 2,918,382
603 Endowment Trust - Carl Graves 73,020
604 Endowment Trust - Korn Memorial 38,461
605 Public Improvement Trust 3,394,099
606 Mobile Source Air Polution Reduction 320,435
608 Trust Deposit & Pre Paid Expense 1,816,556

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 AUGUST 31, 2026
617 Successor Agency Housing 39,434,774
620 Cost Recovery System 5,225,031
631 Lake Destratification Equipment Replacement 218,042 650 CFD 2003-1 Law & Fire Service 21,605
653 CFD 2009-1 Parks & Lighting Service 4,320
655 CFD 2015-1s Law, Fire, Paramedic Services 11,014
Total Pooled Cash & Investments $ 106,305,123

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.56% $ 578,107
U.S. Treasury Bond / Note Unlimited 33.54% $ 34,888,563 Supra-National Agency Bond / Note 30% 0.00% $ -
Municipal Bond / Note Unlimited 0.19% $ 200,000
Federal Agency Collaterized Mortgage Obligation 40% 7.42% $ 7,722,508 Federal Agency Bond / Note Unlimited 0.00% (1) $ -
Banker's Acceptance 40.00% 0.00% $ -
Corporate Note (Includes Bank Note) 30% 16.35% $ 17,005,510 Commercial Paper 25% 0.00% $ -
Negotiable Certificates of Deposit 30% 0.00% $ -
Asset-Backed Security / Collaterized Mortgage 20% 7.15% $ 7,441,965 Repurchase Agreements Unlimited 0 $ -
Reverse Repurchase Agreements 10.00% 0.00% $ -
LAIF (Local Agency Investment Funds) $150 Million 34.78% (2) $ 36,177,558 Placement Service Deposits (PDS) 30% 0.00% $ -
TOTAL 100.00% $ 104,014,211
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 AUGUST 31, 2026
Local Agency Investment Fund
Date Daily Quarter to Date Average Maturity
08/30/26 3.87 3.85 271
08/29/26 3.87 3.85 272
08/28/26 3.87 3.85 273
08/27/26 3.87 3.85 274
08/26/26 3.87 3.85 271
08/25/26 3.87 3.85 272
08/24/26 3.87 3.85 274
08/23/26 3.87 3.85 276
08/22/26 3.87 3.85 277
08/21/26 3.87 3.85 278
08/20/26 3.87 3.85 279
08/19/26 3.87 3.85 279
08/18/26 3.87 3.85 280
08/17/26 3.87 3.85 282
08/16/26 3.85 3.85 285
08/15/26 3.85 3.85 286
08/14/26 3.87 3.85 285
08/13/26 3.87 3.85 283
08/12/26 3.86 3.85 278
08/11/26 3.86 3.84 280
08/10/26 3.86 3.84 278
08/09/26 3.86 3.84 280
08/08/26 3.86 3.84 280
08/07/26 3.86 3.84 280
08/06/26 3.86 3.84 280
08/05/26 3.86 3.84 280
08/04/26 3.86 3.84 281
08/03/26 3.86 3.84 281
08/02/26 3.85 3.84 281
08/01/26 3.85 3.84 281
07/31/26 3.85 3.84 281
07/30/26 3.85 3.84 277
07/29/26 3.85 3.84 279
07/28/26 3.85 3.84 279
07/27/26 3.85 3.84 282
07/26/26 3.85 3.84 281
07/25/26 3.85 3.84 282

CALIFORNIA STATE TREASURER

FIONA MA, CPA
PMIA Daily Effective Yield
*Daily yield does not reflect capital gains or losses Updated: 9/2/2026 Yield Purchase Date Maturity Rate

3.850% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ 69,142,558 $ (32,965,000) $ 36,177,558 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 AUGUST 31, 2026
CAMP
Investment Portfolio

CITY OF LAKE ELSINORE

ACCOUNT STATEMENT
For the Month Ending
August 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.

CAMP will be closed on 10/12/2026 for Columbus Day.

For the Month Ending August 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 August 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
679,582.02
12,905,351.62
(13,006,826.95)

0.00 $578,106.69
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 3,006.80
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
56,608,955.41
12,898,119.20
(2,560,668.34)
(110,485.66)
$66,835,920.61
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 247,016.48
August 31, 2026 July 31, 2026
Asset Summary
CAMP Pool 578,106.69 679,582.02
CAMP Managed Account 66,835,920.61 56,608,955.41
Total $67,414,027.30 $57,288,537.43
Asset Allocation

0.86%
CAMP Pool

99.14%
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 August 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
$679,582.02
12,905,351.62
(13,006,826.95)
$578,106.69
3,006.80
$56,608,955.41
(509,246.47)
(2,051,421.87)
12,898,119.20

0.00 (110,485.66)
$66,835,920.61
$57,288,537.43
$67,414,027.30
340,590.36
(107,621.63)
14,047.75
$247,016.48
175,000.00
2,057,436.13
334,576.10
334,246.47
(13,005,740.83)
10,104,482.13

0.00 Managed Account Total
67,483,085.01 68,061,191.70
346,984.50
2,057,436.13
509,246.47
334,576.10
(13,005,740.83)
(57,145,629.44)
(357,903.57)

0.00 346,984.50
15,064,263.08
509,246.47
334,576.10
(25,911,092.45)
(57,825,211.46)
(357,903.57)
3,006.80
Total Accrual Basis Earnings $222,054.37 $225,061.17
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 August 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 35,150,000.00 34,383,256.58 51.00 Municipal Bond / Note 200,000.00 200,507.60 0.30
Federal Agency Commercial
Mortgage-Backed Security
7,837,405.53 7,797,888.45 11.57
Corporate Note 16,641,000.00 16,505,622.52 24.48
Bank Note 525,000.00 526,460.02 0.78
Asset-Backed Security 7,439,437.00 7,422,185.44 11.01
Managed Account Sub-Total 67,792,842.53 66,835,920.61 99.14% Accrued Interest 346,984.50
Total Portfolio 67,792,842.53 67,182,905.11
CAMP Pool 578,106.69 578,106.69 0.86
Total Investments 68,370,949.22 67,761,011.80 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

11.01%
ABS

0.78%
Bank Note

24.31%
Corporate Note

11.57%
Federal Agency
Commercial
Mortgage-Backed
Security

0.86%
Joint Powers
Authority

0.30%
Muni Bond / Note

0.17%
Priv Placement
Bond

51.00%
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

3.54% 4.19%

14.30%

24.29%

21.72%

31.96%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1101

4.24%

4.51%
PFM Asset Management, a division of Page 3
U.S. Bancorp Asset Management, Inc.

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

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

4.73%
A

7.45%
A+

2.37%
A2.09%
AA

63.69%
AA+

3.55%
AA8.82%
AAA

0.86%
AAAm

3.14%
BBB+

3.30%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 376,329.38 0.56
Air Products and Chemicals Inc 339,386.30 0.50
Amazon.com Inc 557,127.28 0.83
American Express Co 1,205,629.69 1.79
Analog Devices Inc 395,344.80 0.59
Apple Inc 764,114.35 1.13
BA Credit Card Trust 939,430.29 1.39
Bank of America Corp 676,961.22 1.00
Bank of New York Mellon Corp 471,053.23 0.70
Berkshire Hathaway Inc 470,083.28 0.70
BlackRock Inc 777,070.80 1.15
BMW Vehicle Lease Trust 244,589.38 0.36
Bristol-Myers Squibb Co 209,363.27 0.31
CAMP Pool 578,106.69 0.86
Capital One Financial Corp 553,518.15 0.82
Caterpillar Inc 223,093.13 0.33
Charles Schwab Corp 298,463.40 0.44
Cisco Systems Inc 422,254.98 0.63
Citigroup Inc 1,314,948.60 1.95
Deere & Co 378,120.38 0.56
Federal Home Loan Mortgage Corp 6,911,648.72 10.25
Federal National Mortgage Association 886,239.73 1.31
Fifth Third Auto Trust 84,126.60 0.12
Ford Credit Auto Owner Trust 283,647.67 0.42
GM Financial Consumer Automobile Receiv 89,888.22 0.13
Goldman Sachs Group Inc 1,319,254.60 1.96
Home Depot Inc 376,042.13 0.56
Honda Auto Receivables Owner Trust 606,662.51 0.90
Honda Motor Co Ltd 393,671.60 0.58
Hyundai Auto Receivables Trust 162,471.04 0.24
JPMorgan Chase & Co 844,180.86 1.25
Lockheed Martin Corp 59,904.78 0.09
PFM Asset Management, a division of Page 4
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
Mars Inc 114,416.38 0.17
Mercedes-Benz Auto Receivables Trust 919,800.41 1.36
Microsoft Corp 747,287.25 1.11
Morgan Stanley 1,339,004.17 1.99
National Australia Bank Ltd 498,502.50 0.74
National Rural Utilities Cooperative Fi 344,093.75 0.51 Northern Trust Corp 559,771.70 0.83
Novartis AG 495,383.91 0.73
NVIDIA Corp 380,998.80 0.57
PACCAR Inc 397,922.40 0.59
Porsche Innovative Lease Owner 100,146.10 0.15
Shell PLC 560,231.13 0.83
State of California 200,507.60 0.30
State Street Corp 200,269.60 0.30
T-Mobile US Trust 225,074.48 0.33
Target Corp 39,676.92 0.06
Texas Instruments Inc 85,037.74 0.13
TotalEnergies SE 559,241.55 0.83
Toyota Auto Receivables Owner Trust 374,205.75 0.56
Toyota Motor Corp 375,692.25 0.56
United States Treasury 34,383,256.58 51.00
Verizon Master Trust 415,527.47 0.62
Wells Fargo & Co 401,373.60 0.60
WF Card Issuance Trust 483,878.20 0.72
Total $67,414,027.30 100.00%
PFM Asset Management, a division of Page 5
U.S. Bancorp Asset Management, Inc.

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

US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2028
91282CGH8 3,900,000.00 AA+ Aa1 08/04/26 08/05/26 3,862,371.09 4.18 11,869.57 3,864,193.91 3,857,189.70

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 600,000.00 AA+ Aa1 04/01/25 04/04/25 585,609.37 3.87 3,338.32 590,145.03 581,718.60

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 3,338.32 592,081.86 581,718.60

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 5,007.47 882,608.92 872,577.90

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 5,146.57 908,160.74 896,816.18

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 8,345.79 1,483,819.09 1,454,296.50

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 21,699.05 3,856,010.77 3,781,170.90

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 1,108.70 305,583.45 298,148.40

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 3,326.09 917,228.03 894,445.20

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 3,603.26 992,867.24 968,982.30

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 5,358.70 1,474,499.38 1,441,050.60

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 6,375.00 1,749,243.84 1,714,353.30

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 15,336.96 4,240,862.18 4,124,386.20

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 65.09 637,635.97 630,068.40 PFM Asset Management, a division of Page 6
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending August 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 4.21 180.25 1,761,746.49 1,744,804.80

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 3.94 200.28 1,976,953.44 1,938,672.00

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 2,175,000.00 AA+ Aa1 08/03/26 08/06/26 2,114,422.85 4.38 217.80 2,115,380.88 2,108,305.80

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 4.01 300.41 2,957,100.27 2,908,008.00

US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 3,700,000.00 AA+ Aa1 08/04/26 08/05/26 3,607,210.94 4.30 370.51 3,608,745.44 3,586,543.20 Security Type Sub-Total 35,150,000.00 34,888,562.50 3.93 95,188.14 34,914,866.93 34,383,256.58 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 4,846.00 200,000.00 200,507.60 Security Type Sub-Total 200,000.00 200,000.00 4.85 4,846.00 200,000.00 200,507.60 Federal Agency Commercial Mortgage-Backed Security
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 321,928.02 AA+ Aa1 05/19/23 05/24/23 312,018.68 4.29 897.91 321,267.92 320,756.52 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 517,720.63 AA+ Aa1 08/16/23 08/18/23 488,356.17 4.94 1,390.94 513,102.01 514,755.64 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 1,486.38 546,139.20 545,895.35 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 255,877.88 AA+ Aa1 12/06/23 12/14/23 255,875.83 4.86 1,035.88 255,877.45 256,275.00 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 272,350.43 AA+ Aa1 07/19/23 07/27/23 272,343.64 4.78 1,084.18 272,347.91 272,604.53 PFM Asset Management, a division of Page 7
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 548,463.17 AA+ Aa1 07/13/23 07/20/23 553,941.22 4.59 2,202.54 550,481.56 549,418.04 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 491,065.41 AA+ Aa1 07/18/23 07/31/23 482,740.31 4.58 1,714.64 487,891.29 486,713.59 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 1,975.00 495,152.62 499,920.50 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 800,000.00 AA+ Aa1 09/07/23 09/14/23 788,165.60 4.99 3,100.00 794,878.29 799,112.80 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 1,515.63 369,448.79 375,687.38 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 2,000.00 497,289.05 500,868.50 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 5.14 760.35 179,755.79 181,074.60 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 1,113.75 274,627.17 275,526.35 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 1,104.90 291,458.87 289,103.03 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 1,730.67 441,630.89 439,895.28 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 1,873.99 497,841.94 492,299.77 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 4.41 698.25 189,995.19 187,919.88 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 1,452.08 405,086.40 399,526.14 FHMS K565 A2
DTD 08/01/2026 4.000% 07/01/2031
3137GBX34 425,000.00 AA+ Aa1 08/11/26 08/20/26 412,016.25 4.69 1,416.67 412,089.01 410,535.55 PFM Asset Management, a division of Page 8
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Security Type Sub-Total 7,837,405.53 7,722,508.29 4.76 28,553.76 7,796,361.35 7,797,888.45 Corporate Note

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 1.81 563.13 224,919.61 223,093.13

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 99.67 39,994.91 39,676.92

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 2.10 946.70 474,914.96 471,053.23

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 1,718.75 746,891.41 747,287.25

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 A- A2 01/13/23 01/18/23 277,203.00 4.59 3,761.25 297,192.56 297,490.50

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 5,037.64 474,038.52 470,083.28

CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 02/17/23 02/22/23 284,925.00 4.66 4,125.00 297,859.53 298,463.40

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 4,447.36 497,947.09 498,502.50

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 10,550.76 767,456.13 764,114.35

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 02/08/23 02/10/23 376,282.50 4.55 2,360.68 375,355.37 375,692.25

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 4.76 793.33 343,984.05 344,093.75

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 4.04 173.78 85,601.93 85,037.74

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 4.93 251.44 208,196.65 209,363.27

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 4.49 786.17 59,962.95 59,904.78 PFM Asset Management, a division of Page 9
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending August 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 2,423.44 376,077.78 378,120.38

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 750,000.00 A+ Aa3 10/02/23 10/04/23 746,280.00 5.92 18,376.17 748,318.68 767,307.00

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 4.63 999.22 339,766.83 339,386.30

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 4.86 282.92 419,923.18 422,254.98

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 1,090.14 49,951.56 50,133.60

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 15,807.01 725,192.02 726,937.20

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 3,332.00 169,877.19 170,602.65

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 205,000.00 A+ A1 04/01/24 04/04/24 204,694.55 4.83 4,018.00 204,832.66 205,726.73

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 1,943.82 110,049.93 110,377.74

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 5,124.62 290,000.00 290,995.86

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 8,629.60 600,000.00 598,697.40

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 125,000.00 A A2 06/17/24 06/25/24 124,193.75 4.90 1,088.54 124,522.20 125,347.38

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 2,177.08 249,187.14 250,694.75

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 8,604.44 399,698.66 393,671.60 PFM Asset Management, a division of Page 10
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending August 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 2,760.00 114,909.52 114,416.38

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 4,597.19 275,000.00 272,029.45

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 5,015.12 300,287.44 296,759.40

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 6,974.44 445,000.00 439,006.30

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 3,410.66 200,000.00 200,269.60

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 5,712.78 399,530.28 397,922.40

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 3,800.00 399,727.12 395,344.80

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 6,737.67 508,702.48 495,383.91

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 1,647.14 124,592.42 121,789.38

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 5,929.69 449,266.51 438,441.75

NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 115,000.00 A+ A2 11/12/25 11/19/25 114,943.65 4.16 1,352.21 114,951.99 111,954.34

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 5,408.83 459,524.48 447,817.36 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 6,614.10 574,472.89 557,127.28

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 1,359.36 240,000.00 233,422.56 PFM Asset Management, a division of Page 11
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending August 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 1,897.44 335,541.03 325,818.99

GOLDMAN SACHS GROUP INC (CALLABLE)
DTD 04/23/2025 5.218% 04/23/2031
38141GC93 750,000.00 BBB+ A2 08/04/26 08/05/26 754,665.00 5.07 13,914.67 754,583.75 750,465.75

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 3,558.75 389,287.32 380,998.80

MORGAN STANLEY PVT BANK (CALLABLE)
DTD 07/21/2025 4.734% 07/18/2031
61776NVG5 825,000.00 A+ Aa3 08/04/26 08/05/26 818,334.00 4.92 4,664.96 818,421.87 812,544.15 Security Type Sub-Total 16,641,000.00 16,479,985.07 4.45 194,867.67 16,605,512.60 16,505,622.52 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 3,405.15 525,160.94 526,460.02 Security Type Sub-Total 525,000.00 525,525.00 4.94 3,405.15 525,160.94 526,460.02 Asset-Backed Security
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 7,995.94 AAA NR 01/24/23 01/30/23 7,995.94 4.63 16.45 7,995.94 7,998.81 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 56,143.99 AAA NR 08/15/23 08/22/23 56,132.41 5.42 109.68 56,140.21 56,285.24 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 28,070.40 NR Aaa 11/01/23 11/08/23 28,065.46 5.67 44.21 28,068.34 28,216.65 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 83,830.67 AAA Aaa 08/15/23 08/23/23 83,825.48 5.53 206.04 83,828.63 84,126.60 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 5.17 928.80 404,950.72 405,174.56 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 5.23 953.02 409,992.09 410,165.23 PFM Asset Management, a division of Page 12
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending August 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
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 99,993.30 100,146.10 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 4.98 398.40 179,988.74 180,353.34 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 1,150.60 494,898.53 497,973.96 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 4.15 212.11 114,990.92 114,685.70 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 78,285.66 NR Aaa 05/06/25 05/12/25 78,280.26 4.35 104.05 78,281.90 78,263.82 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 525,110.34 NR Aaa 04/08/25 04/09/25 528,617.91 4.62 1,115.57 527,654.03 526,705.10 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 4.51 571.89 414,987.76 415,527.47 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 89,990.04 89,888.22 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 4.31 478.89 250,000.00 249,185.75 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 485,000.00 AAA NR 06/03/25 06/10/25 484,991.95 4.34 935.51 484,995.02 483,878.20 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 4,598.61 549,883.42 547,641.60 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 3.86 240.18 139,989.54 138,390.56 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 3.78 152.25 144,979.83 143,058.45 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 4.37 765.42 394,919.66 393,095.31 PFM Asset Management, a division of Page 13
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending August 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
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 4.14 422.18 229,955.75 227,816.38 FORDO 2026-B A3
DTD 06/23/2026 4.390% 02/15/2031
34536DAD5 285,000.00 AAA NR 06/16/26 06/23/26 284,990.03 4.39 556.07 284,990.79 283,647.67 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
448981AD2 165,000.00 AAA NR 02/10/26 02/18/26 164,988.86 3.79 277.93 164,990.53 162,471.04 HAROT 2026-3 A3
DTD 08/12/2026 4.520% 02/18/2031
43815XAD4 265,000.00 AAA NR 08/04/26 08/12/26 264,945.38 4.53 632.17 264,946.53 264,416.47 TMUST 2026-2A A
DTD 08/14/2026 4.740% 03/20/2031
87268UAA5 225,000.00 NR Aaa 08/06/26 08/14/26 224,963.89 4.74 503.63 224,965.05 225,074.48 BACCT 2026-A1 A
DTD 05/14/2026 4.220% 04/15/2031
05522RDL9 515,000.00 NR Aaa 05/07/26 05/14/26 514,948.19 4.22 965.91 514,952.50 509,891.20 BMWOT 2026-A A3
DTD 08/19/2026 4.590% 04/25/2031
05595NAD1 245,000.00 AAA NR 08/11/26 08/19/26 244,978.86 4.59 374.85 244,979.52 244,589.38 COMET 2026-A1 A
DTD 07/16/2026 4.480% 07/15/2031
14041NGJ4 555,000.00 AAA NR 07/09/26 07/16/26 554,871.02 4.48 3,108.00 554,873.90 553,518.15 Security Type Sub-Total 7,439,437.00 7,441,965.02 4.56 20,123.78 7,441,183.19 7,422,185.44 Managed Account Sub-Total 67,792,842.53 67,258,545.88 4.24 346,984.50 67,483,085.01 66,835,920.61 Joint Powers Authority
CAMP Pool 578,106.69 AAAm NR 578,106.69 0.00 578,106.69 578,106.69 Liquid Sub-Total 578,106.69 578,106.69 0.00 578,106.69 578,106.69 $68,370,949.22 $67,836,652.57 4.24% $346,984.50 $68,061,191.70 $67,414,027.30 $67,761,011.80
$346,984.50
Total Investments
Accrued Interest
Securities Sub-Total
PFM Asset Management, a division of Page 14
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending August 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 91282CGH8 3,900,000.00 RBC Capi 98.90 3,857,189.70 (5,181.39) (7,004.21) DTD 01/31/2023 3.500% 01/31/2028

1.37 4.31
US TREASURY N/B 91282CEV9 600,000.00 BMO 96.95 581,718.60 (3,890.77) (8,426.43) DTD 06/30/2022 3.250% 06/30/2029

2.66 4.41
US TREASURY N/B 91282CEV9 600,000.00 Citigrou 96.95 581,718.60 (7,336.09) (10,363.26) DTD 06/30/2022 3.250% 06/30/2029

2.66 4.41
US TREASURY N/B 91282CEV9 900,000.00 BMO 96.95 872,577.90 (2,988.51) (10,031.02) DTD 06/30/2022 3.250% 06/30/2029

2.66 4.41
US TREASURY N/B 91282CEV9 925,000.00 Citigrou 96.95 896,816.18 (5,420.15) (11,344.56) DTD 06/30/2022 3.250% 06/30/2029

2.66 4.41
US TREASURY N/B 91282CEV9 1,500,000.00 Citigrou 96.95 1,454,296.50 (22,500.38) (29,522.59) DTD 06/30/2022 3.250% 06/30/2029

2.66 4.41
US TREASURY N/B 91282CEV9 3,900,000.00 RBC Capi 96.95 3,781,170.90 (60,481.44) (74,839.87) DTD 06/30/2022 3.250% 06/30/2029

2.66 4.41
US TREASURY N/B 91282CMG3 300,000.00 Citigrou 99.38 298,148.40 (8,671.91) (7,435.05) DTD 01/31/2025 4.250% 01/31/2030

3.15 4.44
US TREASURY N/B 91282CMG3 900,000.00 Citigrou 99.38 894,445.20 (25,839.96) (22,782.83) DTD 01/31/2025 4.250% 01/31/2030

3.15 4.44
US TREASURY N/B 91282CMG3 975,000.00 HSBC 99.38 968,982.30 (28,259.89) (23,884.94) DTD 01/31/2025 4.250% 01/31/2030

3.15 4.44
US TREASURY N/B 91282CMG3 1,450,000.00 Citigrou 99.38 1,441,050.60 (37,269.71) (33,448.78) DTD 01/31/2025 4.250% 01/31/2030

3.15 4.44
US TREASURY N/B 91282CMG3 1,725,000.00 RBC Capi 99.38 1,714,353.30 (37,936.74) (34,890.54) DTD 01/31/2025 4.250% 01/31/2030

3.15 4.44
US TREASURY N/B 91282CMG3 4,150,000.00 BMO 99.38 4,124,386.20 (128,715.36) (116,475.98) DTD 01/31/2025 4.250% 01/31/2030

3.15 4.44
US TREASURY N/B 91282CNX5 650,000.00 BNP Sec 96.93 630,068.40 (7,083.94) (7,567.57) DTD 09/02/2025 3.625% 08/31/2030

3.62 4.46
US TREASURY N/B 91282CNX5 1,800,000.00 RBC Capi 96.93 1,744,804.80 (14,835.83) (16,941.69) DTD 09/02/2025 3.625% 08/31/2030

3.62 4.46
US TREASURY N/B 91282CNX5 2,000,000.00 RBC Capi 96.93 1,938,672.00 (36,171.75) (38,281.44) DTD 09/02/2025 3.625% 08/31/2030

3.62 4.46
US TREASURY N/B 91282CNX5 2,175,000.00 BMO 96.93 2,108,305.80 (6,117.05) (7,075.08) DTD 09/02/2025 3.625% 08/31/2030

3.62 4.46
PFM Asset Management, a division of Page 15
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending August 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 91282CNX5 3,000,000.00 RBC Capi 96.93 2,908,008.00 (45,937.31) (49,092.27) DTD 09/02/2025 3.625% 08/31/2030

3.62 4.46
US TREASURY N/B 91282CNX5 3,700,000.00 BNP Sec 96.93 3,586,543.20 (20,667.74) (22,202.24) DTD 09/02/2025 3.625% 08/31/2030

3.62 4.46
Security Type Sub-Total 35,150,000.00 34,383,256.58 (505,305.92) (531,610.35) 3.01 4.43 Municipal Bond / Note
CA ST 13063D3N6 200,000.00 WellsFar 100.25 200,507.60 507.60 507.60 DTD 03/15/2023 4.846% 03/01/2027

0.49 4.33
Security Type Sub-Total 200,000.00 200,507.60 507.60 507.60 0.49 4.33 Federal Agency Commercial Mortgage-Backed Security
FHMS K061 A2 3137BTUM1 321,928.02 Citigrou 99.64 320,756.52 8,737.84 (511.40) DTD 01/01/2017 3.347% 11/01/2026

0.20 4.10
FHMS K064 A2 3137BXQY1 517,720.63 MorganSt 99.43 514,755.64 26,399.47 1,653.63 DTD 05/01/2017 3.224% 03/01/2027

0.40 4.14
FHMS K065 A2 3137F1G44 550,000.00 Citigrou 99.25 545,895.35 18,862.15 (243.85) DTD 07/01/2017 3.243% 04/01/2027

0.55 4.24
FHMS KJ48 A1 3137HBC69 255,877.88 JPMorgan 100.16 256,275.00 399.17 397.55 DTD 12/01/2023 4.858% 05/01/2028

1.41 4.57
FHMS KJ46 A1 3137HAD45 272,350.43 JPMorgan 100.09 272,604.53 260.89 256.62 DTD 07/01/2023 4.777% 06/01/2028

1.11 4.45
FHMS K505 A2 3137HACX2 548,463.17 JPMorgan 100.17 549,418.04 (4,523.18) (1,063.52) DTD 07/01/2023 4.819% 06/01/2028

1.59 4.56
FNA 2023-M6 A2 3136BQDE6 491,065.41 JPMorgan 99.11 486,713.59 3,973.28 (1,177.70) DTD 07/01/2023 4.190% 07/01/2028

1.74 4.57
FHMS K508 A2 3137HAQ74 500,000.00 BMO 99.98 499,920.50 10,888.50 4,767.88 DTD 10/01/2023 4.740% 08/01/2028

1.78 4.62
FHMS K506 A2 3137HAMH6 800,000.00 WellsFar 99.89 799,112.80 10,947.20 4,234.51 DTD 09/01/2023 4.650% 08/01/2028

1.76 4.58
FHMS K509 A2 3137HAST4 375,000.00 MorganSt 100.18 375,687.38 12,643.50 6,238.59 DTD 10/01/2023 4.850% 09/01/2028

1.87 4.63
PFM Asset Management, a division of Page 16
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending August 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 K507 A2 3137HAMS2 500,000.00 BOFAML 100.17 500,868.50 6,845.00 3,579.45 DTD 09/01/2023 4.800% 09/01/2028

1.82 4.58
FHMS K510 A2 3137HB3D4 180,000.00 JPMorgan 100.60 181,074.60 1,594.98 1,318.81 DTD 11/01/2023 5.069% 10/01/2028

1.90 4.63
FHMS K511 A2 3137HB3G7 275,000.00 BOFAML 100.19 275,526.35 1,316.42 899.18 DTD 12/01/2023 4.860% 10/01/2028

1.94 4.64
FHMS K514 A2 3137HBLV4 290,000.00 JPMorgan 99.69 289,103.03 (3,796.68) (2,355.84) DTD 02/01/2024 4.572% 12/01/2028

2.03 4.62
FHMS K524 A2 3137HDV56 440,000.00 PIER 99.98 439,895.28 (2,806.76) (1,735.61) DTD 07/01/2024 4.720% 05/01/2029

2.47 4.65
FHMS K526 A2 3137HDXL9 495,000.00 BMO 99.45 492,299.77 (7,330.46) (5,542.17) DTD 08/01/2024 4.543% 07/01/2029

2.63 4.68
FHMS K539 A2 3137HKXJ8 190,000.00 JPMorgan 98.91 187,919.88 (2,073.47) (2,075.31) DTD 04/01/2025 4.410% 01/01/2030

3.07 4.71
FNA 2026-M11 2A2 3136G5V64 410,000.00 WellsFar 97.45 399,526.14 (5,476.99) (5,560.26) DTD 05/01/2026 4.250% 05/01/2031

4.15 4.84
FHMS K565 A2 3137GBX34 425,000.00 BOFAML 96.60 410,535.55 (1,480.70) (1,553.46) DTD 08/01/2026 4.000% 07/01/2031

4.37 4.77
Security Type Sub-Total 7,837,405.53 7,797,888.45 75,380.16 1,527.10 1.89 4.55 Corporate Note
CATERPILLAR FINL SERVICE 14913R2U0 225,000.00 JPMorgan 99.15 223,093.13 (770.62) (1,826.48) DTD 01/10/2022 1.700% 01/08/2027

0.35 4.14
TARGET CORP (CALLABLE) 87612EBM7 40,000.00 Citigrou 12/15/26 99.19 39,676.92 (255.08) (317.99) DTD 01/24/2022 1.950% 01/15/2027

0.38 4.12
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 Deutsche 12/24/26 99.17 471,053.23 (2,892.27) (3,861.73) DTD 01/26/2022 2.050% 01/26/2027

0.40 4.15
MICROSOFT CORP (CALLABLE) 594918BY9 750,000.00 GoldmanS 11/06/26 99.64 747,287.25 25,344.75 395.84 DTD 02/06/2017 3.300% 02/06/2027

0.42 4.15
AMERICAN EXPRESS CO (CALLABLE) 025816CS6 300,000.00 RBS 02/01/27 99.16 297,490.50 20,287.50 297.94 DTD 03/04/2022 2.550% 03/04/2027

0.49 4.23
BERKSHIRE HATHAWAY FIN (CALLABLE) 084664CZ2 475,000.00 SEEL 02/15/27 98.96 470,083.28 3,994.28 (3,955.24) DTD 03/15/2022 2.300% 03/15/2027

0.52 4.26
PFM Asset Management, a division of Page 17
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending August 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
CHARLES SCHWAB CORP (CALLABLE) 808513BW4 300,000.00 Barclays 01/01/27 99.49 298,463.40 13,538.40 603.87 DTD 09/24/2021 3.300% 04/01/2027

0.55 4.19
NATIONAL AUSTRALIA BK/NY 63254ABE7 500,000.00 CAS 99.70 498,502.50 10,177.50 555.41 DTD 06/09/2022 3.905% 06/09/2027

0.75 4.30
APPLE INC (CALLABLE) 037833DB3 775,000.00 TD Secur 06/12/27 98.60 764,114.35 23,051.60 (3,341.78) DTD 09/12/2017 2.900% 09/12/2027

0.98 4.31
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WellsFar 100.18 375,692.25 (590.25) 336.88 DTD 01/12/2023 4.625% 01/12/2028

1.31 4.45
NATIONAL RURAL UTIL COOP (CALLABLE) 637432NP6 350,000.00 MorganSt 11/07/27 98.31 344,093.75 14,904.75 109.70 DTD 02/07/2018 3.400% 02/07/2028

1.36 4.63
TEXAS INSTRUMENTS INC (CALLABLE) 882508BV5 85,000.00 JPMorgan 01/15/28 100.04 85,037.74 (2,005.66) (564.19) DTD 11/18/2022 4.600% 02/15/2028

1.36 4.58
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122DE5 211,000.00 MAXE 11/20/27 99.22 209,363.27 7,780.20 1,166.62 DTD 07/15/2020 3.900% 02/20/2028

1.35 4.45
LOCKHEED MARTIN CORP (CALLABLE) 539830BZ1 60,000.00 Barclays 04/15/28 99.84 59,904.78 12.78 (58.17) DTD 05/25/2023 4.450% 05/15/2028

1.58 4.54
JOHN DEERE CAPITAL CORP 24422EXB0 375,000.00 Citigrou 100.83 378,120.38 255.38 2,042.60 DTD 07/14/2023 4.950% 07/14/2028

1.76 4.48
CITIBANK NA (CALLABLE) 17325FBB3 750,000.00 Barclays 08/29/28 102.31 767,307.00 21,027.00 18,988.32 DTD 09/29/2023 5.803% 09/29/2028

1.85 4.62
AIR PRODUCTS & CHEMICALS (CALLABLE) 009158BH8 340,000.00 Barclays 01/08/29 99.82 339,386.30 (161.50) (380.53) DTD 02/08/2024 4.600% 02/08/2029

2.25 4.68
CISCO SYSTEMS INC (CALLABLE) 17275RBR2 420,000.00 Citigrou 01/26/29 100.54 422,254.98 2,401.98 2,331.80 DTD 02/26/2024 4.850% 02/26/2029

2.28 4.62
BLACKROCK INC (CALLABLE) 09290DAA9 50,000.00 Citigrou 02/14/29 100.27 50,133.60 224.10 182.04 DTD 03/14/2024 4.700% 03/14/2029

2.28 4.59
BLACKROCK INC (CALLABLE) 09290DAA9 725,000.00 BOFAML 02/14/29 100.27 726,937.20 1,581.95 1,745.18 DTD 03/14/2024 4.700% 03/14/2029

2.28 4.59
ADOBE INC (CALLABLE) 00724PAF6 170,000.00 SEEL 03/04/29 100.35 170,602.65 827.05 725.46 DTD 04/04/2024 4.800% 04/04/2029

2.33 4.65
ADOBE INC (CALLABLE) 00724PAF6 205,000.00 BOFAML 03/04/29 100.35 205,726.73 1,032.18 894.07 DTD 04/04/2024 4.800% 04/04/2029

2.33 4.65
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 110,000.00 SEEL 04/23/28 100.34 110,377.74 289.74 327.81 DTD 04/23/2025 4.970% 04/23/2029

1.54 4.86
PFM Asset Management, a division of Page 18
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 290,000.00 WellsFar 04/23/28 100.34 290,995.86 995.86 995.86 DTD 04/23/2025 4.970% 04/23/2029

1.54 4.86
BANK OF AMERICA CORP (CALLABLE) 06051GMT3 600,000.00 BOFAML 05/09/28 99.78 598,697.40 (1,302.60) (1,302.60) DTD 05/09/2025 4.623% 05/09/2029

1.59 4.77
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 MorganSt 05/25/29 100.28 125,347.38 1,153.63 825.18 DTD 06/25/2024 4.750% 06/25/2029

2.55 4.64
HOME DEPOT INC (CALLABLE) 437076DC3 250,000.00 PNCBank 05/25/29 100.28 250,694.75 2,067.25 1,507.61 DTD 06/25/2024 4.750% 06/25/2029

2.55 4.64
AMERICAN HONDA FINANCE 02665WFQ9 400,000.00 Deutsche 98.42 393,671.60 (5,848.40) (6,027.06) DTD 09/05/2024 4.400% 09/05/2029

2.73 4.97
MARS INC (CALLABLE) 571676AY1 115,000.00 BOFAML 02/01/30 99.49 114,416.38 (459.42) (493.14) DTD 03/12/2025 4.800% 03/01/2030

3.16 4.96
GOLDMAN SACHS GROUP INC (CALLABLE) 38141GE83 275,000.00 GoldmanS 04/20/29 98.92 272,029.45 (2,970.55) (2,970.55) DTD 04/20/2026 4.594% 04/20/2030

2.43 4.94
GOLDMAN SACHS GROUP INC (CALLABLE) 38141GE83 300,000.00 RBC Capi 04/20/29 98.92 296,759.40 (3,564.60) (3,528.04) DTD 04/20/2026 4.594% 04/20/2030

2.43 4.94
JPMORGAN CHASE & CO (CALLABLE) 46647PFL5 445,000.00 JPMorgan 04/23/29 98.65 439,006.30 (5,993.70) (5,993.70) DTD 04/23/2026 4.408% 04/23/2030

2.44 4.84
STATE STREET CORP (CALLABLE) 857477DB6 200,000.00 MorganSt 03/24/30 100.13 200,269.60 269.60 269.60 DTD 04/24/2025 4.834% 04/24/2030

3.23 4.78
PACCAR FINANCIAL CORP 69371RT71 400,000.00 TD Secur 99.48 397,922.40 (1,457.60) (1,607.88) DTD 05/08/2025 4.550% 05/08/2030

3.31 4.70
ANALOG DEVICES INC (CALLABLE) 032654BE4 400,000.00 BOFAML 05/15/30 98.84 395,344.80 (4,303.20) (4,382.32) DTD 06/16/2025 4.500% 06/15/2030

3.39 4.84
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 510,000.00 JPMorgan 10/05/30 97.13 495,383.91 (13,086.09) (13,318.57) DTD 11/05/2025 4.100% 11/05/2030

3.72 4.86
SHELL FINANCE US INC (CALLABLE) 822905AN5 125,000.00 MorganSt 10/06/30 97.43 121,789.38 (2,730.62) (2,803.04) DTD 11/06/2025 4.125% 11/06/2030

3.73 4.80
SHELL FINANCE US INC (CALLABLE) 822905AN5 450,000.00 RBC Capi 10/06/30 97.43 438,441.75 (10,694.25) (10,824.76) DTD 11/06/2025 4.125% 11/06/2030

3.73 4.80
NORTHERN TRUST CORP 665859AY0 115,000.00 BOFAML 97.35 111,954.34 (2,989.31) (2,997.65) DTD 11/19/2025 4.150% 11/19/2030

3.78 4.85
NORTHERN TRUST CORP 665859AY0 460,000.00 CIDLY 97.35 447,817.36 (11,626.04) (11,707.12) DTD 11/19/2025 4.150% 11/19/2030

3.78 4.85
PFM Asset Management, a division of Page 19
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
AMAZON.COM INC (CALLABLE) 023135CT1 575,000.00 JPMorgan 10/20/30 96.89 557,127.28 (17,257.47) (17,345.61) DTD 11/20/2025 4.100% 11/20/2030

3.76 4.92
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 240,000.00 Citigrou 12/13/30 97.26 233,422.56 (6,577.44) (6,577.44) DTD 01/13/2026 4.248% 01/13/2031

3.90 4.94
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 335,000.00 TD Secur 12/13/30 97.26 325,818.99 (9,794.06) (9,722.04) DTD 01/13/2026 4.248% 01/13/2031

3.90 4.94
GOLDMAN SACHS GROUP INC (CALLABLE) 38141GC93 750,000.00 BNP Sec 04/23/30 100.06 750,465.75 (4,199.25) (4,118.00) DTD 04/23/2025 5.218% 04/23/2031

3.22 5.21
NVIDIA CORP (CALLABLE) 67066GAR5 390,000.00 GoldmanS 05/15/31 97.69 380,998.80 (8,260.20) (8,288.52) DTD 06/18/2026 4.500% 06/15/2031

4.19 5.05
MORGAN STANLEY PVT BANK (CALLABLE) 61776NVG5 825,000.00 BOFAML 07/18/30 98.49 812,544.15 (5,789.85) (5,877.72) DTD 07/21/2025 4.734% 07/18/2031

3.50 5.09
Security Type Sub-Total 16,641,000.00 16,505,622.52 25,637.45 (99,890.08) 2.25 4.67 Bank Note
MORGAN STANLEY BANK NA (CALLABLE) 61690U8E3 525,000.00 Citigrou 07/14/27 100.28 526,460.02 935.02 1,299.08 DTD 07/19/2024 4.968% 07/14/2028

0.84 4.62
Security Type Sub-Total 525,000.00 526,460.02 935.02 1,299.08 0.84 4.62 Asset-Backed Security
TAOT 2023-A A3 891940AC2 7,995.94 BOFAML 100.04 7,998.81 2.87 2.87 DTD 01/30/2023 4.630% 09/15/2027

0.05 3.52
HAROT 2023-3 A3 43815QAC1 56,143.99 BOFAML 100.25 56,285.24 152.83 145.03 DTD 08/22/2023 5.410% 02/18/2028

0.24 4.40
HAROT 2023-4 A3 438123AC5 28,070.40 JPMorgan 100.52 28,216.65 151.19 148.31 DTD 11/08/2023 5.670% 06/21/2028

0.43 4.51
FITAT 2023-1 A3 31680EAD3 83,830.67 JPMorgan 100.35 84,126.60 301.12 297.97 DTD 08/23/2023 5.530% 08/15/2028

0.29 4.36
CHAIT 2023-A1 A 161571HT4 405,000.00 JPMorgan 100.04 405,174.56 286.83 223.84 DTD 09/15/2023 5.160% 09/15/2028

0.04 4.08
AMXCA 2023-3 A 02582JKD1 410,000.00 Citigrou 100.04 410,165.23 183.56 173.14 DTD 09/19/2023 5.230% 09/15/2028

0.04 4.22
PFM Asset Management, a division of Page 20
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending August 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
PILOT 2025-1A A3 73329KAD8 100,000.00 Barclays 100.15 100,146.10 156.81 152.80 DTD 05/21/2025 4.610% 10/20/2028

0.89 4.49
BACCT 2023-A2 A2 05522RDH8 180,000.00 BOFAML 100.20 180,353.34 377.51 364.60 DTD 12/14/2023 4.980% 11/15/2028

0.20 4.05
AMXCA 2024-1 A 02582JKH2 495,000.00 Barclays 100.60 497,973.96 3,075.43 3,075.43 DTD 04/23/2024 5.230% 04/16/2029

0.60 4.29
HAROT 2025-2 A3 437921AD1 115,000.00 JPMorgan 99.73 114,685.70 (301.45) (305.22) DTD 05/08/2025 4.150% 10/15/2029

1.00 4.46
BAAT 2025-1A A3 05594BAD8 78,285.66 BOFAML 99.97 78,263.82 (16.44) (18.08) DTD 05/12/2025 4.350% 11/20/2029

0.70 4.43
MBART 2025-1 A3 58773DAD6 525,110.34 WellsFar 100.30 526,705.10 (1,912.81) (948.93) DTD 01/23/2025 4.780% 12/17/2029

0.82 4.46
VZMT 2025-3 A1A 92348KDY6 415,000.00 BOFAML 100.13 415,527.47 545.31 539.71 DTD 03/31/2025 4.510% 03/20/2030

1.07 4.50
GMCAR 2025-2 A3 362549AD9 90,000.00 TD Secur 99.88 89,888.22 (98.53) (101.82) DTD 05/14/2025 4.280% 04/16/2030

0.90 4.46
BACCT 2025-A1 A 05522RDK1 250,000.00 BOFAML 99.67 249,185.75 (813.30) (814.25) DTD 06/12/2025 4.310% 05/15/2030

1.61 4.55
WFCIT 2025-A1 A 92970QAJ4 485,000.00 WellsFar 99.77 483,878.20 (1,113.75) (1,116.82) DTD 06/10/2025 4.340% 05/15/2030

1.61 4.52
CCCIT 2025-A1 A 17305EHA6 550,000.00 Citigrou 99.57 547,641.60 (2,209.19) (2,241.82) DTD 06/26/2025 4.300% 06/21/2030

1.71 4.55
TAOT 2026-A A3 89240KAD0 140,000.00 BNP Sec 98.85 138,390.56 (1,597.51) (1,598.98) DTD 01/21/2026 3.860% 09/16/2030

1.60 4.64
HAROT 2026-1 A3 43815CAD0 145,000.00 MUFG 98.66 143,058.45 (1,918.45) (1,921.38) DTD 02/18/2026 3.780% 09/23/2030

1.78 4.56
MBART 2026-1 A3 58769MAD2 395,000.00 MUFG 99.52 393,095.31 (1,818.66) (1,824.35) DTD 05/20/2026 4.360% 10/15/2030

1.94 4.65
TAOT 2026-B A3 89240QAD7 230,000.00 MIZU 99.05 227,816.38 (2,135.11) (2,139.37) DTD 04/21/2026 4.130% 12/16/2030

1.98 4.66
FORDO 2026-B A3 34536DAD5 285,000.00 Citigrou 99.53 283,647.67 (1,342.36) (1,343.12) DTD 06/23/2026 4.390% 02/15/2031

2.10 4.66
HART 2026-A A3 448981AD2 165,000.00 BOFAML 98.47 162,471.04 (2,517.82) (2,519.49) DTD 02/18/2026 3.790% 02/18/2031

1.88 4.64
PFM Asset Management, a division of Page 21
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending August 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 2026-3 A3 43815XAD4 265,000.00 BOFAML 99.78 264,416.47 (528.91) (530.06) DTD 08/12/2026 4.520% 02/18/2031

2.17 4.66
TMUST 2026-2A A 87268UAA5 225,000.00 Barclays 100.03 225,074.48 110.59 109.43 DTD 08/14/2026 4.740% 03/20/2031

2.25 4.77
BACCT 2026-A1 A 05522RDL9 515,000.00 BOFAML 99.01 509,891.20 (5,056.99) (5,061.30) DTD 05/14/2026 4.220% 04/15/2031

2.43 4.67
BMWOT 2026-A A3 05595NAD1 245,000.00 Barclays 99.83 244,589.38 (389.48) (390.14) DTD 08/19/2026 4.590% 04/25/2031

2.15 4.71
COMET 2026-A1 A 14041NGJ4 555,000.00 Barclays 99.73 553,518.15 (1,352.87) (1,355.75) DTD 07/16/2026 4.480% 07/15/2031

2.63 4.62
Security Type Sub-Total 7,439,437.00 7,422,185.44 (19,779.58) (18,997.75) 1.43 4.50 Managed Account Sub-Total 67,792,842.53 66,835,920.61 (422,625.27) (647,164.40) 2.49 4.51 Joint Powers Authority
CAMP Pool 578,106.69 1.00 578,106.69 0.00 0.00 0.00
Liquid Sub-Total 578,106.69 578,106.69 0.00 0.00 0.00
Total Investments $67,761,011.80
$346,984.50
$67,414,027.30
Accrued Interest
Securities Sub-Total $68,370,949.22 ($422,625.27) ($647,164.40) 2.49 4.51% PFM Asset Management, a division of Page 22
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending August 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
08/06/26 US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
08/03/26 91282CNX5 2,175,000.00 (2,114,422.85) (34,065.64) (2,148,488.49) 08/05/26 GOLDMAN SACHS GROUP INC
(CALLABLE)
DTD 04/23/2025 5.218% 04/23/2031
08/04/26 38141GC93 750,000.00 (754,665.00) (11,088.25) (765,753.25) 08/05/26 US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
08/04/26 91282CNX5 3,700,000.00 (3,607,210.94) (57,586.28) (3,664,797.22) 08/05/26 MORGAN STANLEY PVT BANK
(CALLABLE)
DTD 07/21/2025 4.734% 07/18/2031
08/04/26 61776NVG5 825,000.00 (818,334.00) (1,844.29) (820,178.29) 08/05/26 US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2028
08/04/26 91282CGH8 4,500,000.00 (4,456,582.03) (2,139.95) (4,458,721.98) 08/12/26 HAROT 2026-3 A3
DTD 08/12/2026 4.520% 02/18/2031
08/04/26 43815XAD4 265,000.00 (264,945.38) 0.00 (264,945.38) 08/14/26 TMUST 2026-2A A
DTD 08/14/2026 4.740% 03/20/2031
08/06/26 87268UAA5 225,000.00 (224,963.89) 0.00 (224,963.89) 08/19/26 BMWOT 2026-A A3
DTD 08/19/2026 4.590% 04/25/2031
08/11/26 05595NAD1 245,000.00 (244,978.86) 0.00 (244,978.86) 08/20/26 FHMS K565 A2
DTD 08/01/2026 4.000% 07/01/2031
08/11/26 3137GBX34 425,000.00 (412,016.25) (897.22) (412,913.47) Transaction Type Sub-Total 13,110,000.00 (12,898,119.20) (107,621.63) (13,005,740.83)

INTEREST
08/25/26 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
08/01/26 3137F1G44 0.00 1,486.38 1,486.38
08/25/26 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
08/01/26 3137HAST4 0.00 1,515.63 1,515.63
08/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
08/01/26 3137HBC69 0.00 1,040.39 1,040.39
08/25/26 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
08/01/26 3137HB3D4 0.00 760.35 760.35
08/25/26 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
08/01/26 3137HAMS2 0.00 2,000.00 2,000.00
PFM Asset Management, a division of Page 23
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Managed Account Security Transactions & Interest For the Month Ending August 31, 2026

INTEREST
08/25/26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
08/01/26 3137HAMH6 0.00 3,100.00 3,100.00
08/25/26 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
08/01/26 3137HDXL9 0.00 1,873.99 1,873.99
08/25/26 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
08/01/26 3137BSP72 0.00 447.15 447.15
08/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
08/01/26 3137BTUM1 0.00 985.74 985.74
08/25/26 FNA 2026-M11 2A2
DTD 05/01/2026 4.250% 05/01/2031
08/01/26 3136G5V64 0.00 1,452.08 1,452.08
08/25/26 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
08/01/26 3137HB3G7 0.00 1,113.75 1,113.75
08/25/26 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
08/01/26 3137HBLV4 0.00 1,104.90 1,104.90
08/25/26 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
08/01/26 3137HAQ74 0.00 1,975.00 1,975.00
08/25/26 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
08/01/26 3137HKXJ8 0.00 698.25 698.25
08/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
08/01/26 3136BQDE6 0.00 1,714.83 1,714.83
08/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
08/01/26 3137HACX2 0.00 2,204.29 2,204.29
08/25/26 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
08/01/26 3137BXQY1 0.00 1,477.67 1,477.67
08/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
08/01/26 3137HAD45 0.00 1,171.92 1,171.92
08/25/26 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
08/01/26 3137HDV56 0.00 1,730.67 1,730.67
08/06/26 MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
08/06/26 594918BY9 0.00 12,375.00 12,375.00
08/07/26 NATIONAL RURAL UTIL COOP
(CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
08/07/26 637432NP6 0.00 5,950.00 5,950.00
PFM Asset Management, a division of Page 24
U.S. Bancorp Asset Management, Inc.

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

INTEREST
08/08/26 AIR PRODUCTS & CHEMICALS
(CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
08/08/26 009158BH8 0.00 7,820.00 7,820.00
08/12/26 BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
08/12/26 05565EBW4 0.00 1,093.75 1,093.75
08/15/26 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
08/15/26 05522RDK1 0.00 897.92 897.92
08/15/26 TAOT 2026-B A3
DTD 04/21/2026 4.130% 12/16/2030
08/15/26 89240QAD7 0.00 791.58 791.58
08/15/26 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
08/15/26 02582JKH2 0.00 2,157.37 2,157.37
08/15/26 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
08/15/26 437921AD1 0.00 397.71 397.71
08/15/26 MBART 2026-1 A3
DTD 05/20/2026 4.360% 10/15/2030
08/15/26 58769MAD2 0.00 1,435.17 1,435.17
08/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
08/15/26 41285JAD0 0.00 8.84 8.84
08/15/26 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
08/15/26 58773DAD6 0.00 2,190.83 2,190.83
08/15/26 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
08/15/26 448981AD2 0.00 521.12 521.12
08/15/26 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
08/15/26 05522RDH8 0.00 747.00 747.00
08/15/26 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
08/15/26 02582JKD1 0.00 1,786.92 1,786.92
08/15/26 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
08/15/26 92970QAJ4 0.00 1,754.08 1,754.08
08/15/26 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
08/15/26 161571HT4 0.00 1,741.50 1,741.50
08/15/26 FORDO 2026-B A3
DTD 06/23/2026 4.390% 02/15/2031
08/15/26 34536DAD5 0.00 1,042.62 1,042.62
08/15/26 BACCT 2026-A1 A
DTD 05/14/2026 4.220% 04/15/2031
08/15/26 05522RDL9 0.00 1,811.08 1,811.08
PFM Asset Management, a division of Page 25
U.S. Bancorp Asset Management, Inc.

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

INTEREST
08/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
08/15/26 31680EAD3 0.00 451.46 451.46
08/15/26 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
08/15/26 89240KAD0 0.00 450.33 450.33
08/15/26 TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
08/15/26 882508BV5 0.00 1,955.00 1,955.00
08/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
08/15/26 891940AC2 0.00 62.06 62.06
08/16/26 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
08/16/26 362549AD9 0.00 321.00 321.00
08/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
08/18/26 43815QAC1 0.00 306.29 306.29
08/20/26 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
08/20/26 92348KDY6 0.00 1,559.71 1,559.71
08/20/26 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
08/20/26 05594BAD8 0.00 290.00 290.00
08/20/26 BRISTOL-MYERS SQUIBB CO
(CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
08/20/26 110122DE5 0.00 4,114.50 4,114.50
08/20/26 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
08/20/26 73329KAD8 0.00 384.17 384.17
08/21/26 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
08/21/26 43815CAD0 0.00 456.75 456.75
08/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
08/21/26 438123AC5 0.00 148.72 148.72
08/26/26 CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
08/26/26 17275RBR2 0.00 10,185.00 10,185.00
08/31/26 US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
08/31/26 91282CNX5 0.00 241,515.63 241,515.63
Transaction Type Sub-Total 0.00 334,576.10 334,576.10

MATURITY
08/12/26 BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
08/12/26 05565EBW4 175,000.00 175,000.00 0.00 175,000.00 52.50 0.00 PFM Asset Management, a division of Page 26
U.S. Bancorp Asset Management, Inc.

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

PAYDOWNS
08/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
08/01/26 3137HAD45 488.14 488.14 0.00 488.14 0.01 0.00
08/25/26 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
08/01/26 3137BXQY1 32,279.37 32,279.37 0.00 32,279.37 1,830.85 330.31 08/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
08/01/26 3137HBC69 1,114.66 1,114.66 0.00 1,114.66 0.01 0.00 08/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
08/01/26 3136BQDE6 55.19 55.19 0.00 55.19 0.94 0.37
08/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
08/01/26 3137BTUM1 31,490.84 31,490.84 0.00 31,490.84 969.33 87.63 08/25/26 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
08/01/26 3137BSP72 202,252.62 202,252.62 0.00 202,252.62 8,516.73 168.51 08/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
08/01/26 3137HACX2 436.85 436.85 0.00 436.85 (4.36) (1.68) 08/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
08/15/26 891940AC2 8,089.01 8,089.01 0.00 8,089.01 0.00 0.00 08/15/26 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
08/15/26 58773DAD6 24,889.66 24,889.66 0.00 24,889.66 (166.26) (122.07) 08/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
08/15/26 41285JAD0 2,101.33 2,101.33 0.00 2,101.33 0.22 0.06 08/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
08/15/26 31680EAD3 14,136.14 14,136.14 0.00 14,136.14 0.88 0.35 08/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
08/18/26 43815QAC1 11,793.64 11,793.64 0.00 11,793.64 2.43 0.81 08/20/26 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
08/20/26 05594BAD8 1,714.34 1,714.34 0.00 1,714.34 0.12 0.08 08/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
08/21/26 438123AC5 3,404.68 3,404.68 0.00 3,404.68 0.60 0.25 Transaction Type Sub-Total 334,246.47 334,246.47 0.00 334,246.47 11,151.50 464.62 SELL
PFM Asset Management, a division of Page 27
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending August 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
SELL
08/06/26 US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
08/03/26 91282CEV9 300,000.00 291,386.72 980.30 292,367.02 (1,417.97) (3,568.88) FIFO 08/06/26 US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
08/03/26 91282CEV9 1,200,000.00 1,165,546.87 3,921.19 1,169,468.06 3,984.37 (7,928.37) FIFO 08/14/26 US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2028
08/07/26 91282CGH8 25,000.00 24,761.72 33.29 24,795.01 2.93 (0.98) FIFO 08/19/26 US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2028
08/12/26 91282CGH8 150,000.00 148,611.33 271.06 148,882.39 58.60 22.16 FIFO 08/20/26 US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2028
08/13/26 91282CGH8 425,000.00 421,115.23 808.42 421,923.65 215.82 105.25 FIFO Transaction Type Sub-Total 2,100,000.00 2,051,421.87 6,014.26 2,057,436.13 2,843.75 (11,370.82) Managed Account Sub-Total (10,337,450.86) 232,968.73 (10,104,482.13) 14,047.75 (10,906.20) Total Security Transactions ($10,337,450.86) $232,968.73 ($10,104,482.13) $14,047.75 ($10,906.20) PFM Asset Management, a division of Page 28
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending August 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 679,582.02
08/03/26 08/03/26 Purchase - Incoming Wires 1.00 10,000,000.00 10,679,582.02 08/05/26 08/05/26 Redemption - Principal 38141GC93 1.00 (754,665.00) 9,924,917.02 08/05/26 08/05/26 Redemption - Interest 38141GC93 1.00 (11,088.25) 9,913,828.77 08/05/26 08/05/26 Redemption - Principal 61776NVG5 1.00 (818,334.00) 9,095,494.77 08/05/26 08/05/26 Redemption - Interest 61776NVG5 1.00 (1,844.29) 9,093,650.48 08/05/26 08/05/26 Redemption - Interest 91282CGH8 1.00 (2,139.95) 9,091,510.53 08/05/26 08/05/26 Redemption - Principal 91282CGH8 1.00 (4,456,582.03) 4,634,928.50 08/05/26 08/05/26 Redemption - Principal 91282CNX5 1.00 (3,607,210.94) 1,027,717.56 08/05/26 08/05/26 Redemption - Interest 91282CNX5 1.00 (57,586.28) 970,131.28 08/06/26 08/06/26 Purchase - Interest 594918BY9 1.00 12,375.00 982,506.28 08/06/26 08/06/26 Purchase - Principal 91282CEV9 1.00 1,456,933.59 2,439,439.87 08/06/26 08/06/26 Purchase - Interest 91282CEV9 1.00 4,901.49 2,444,341.36 08/06/26 08/06/26 Redemption - Principal 91282CNX5 1.00 (2,114,422.85) 329,918.51 08/06/26 08/06/26 Redemption - Interest 91282CNX5 1.00 (34,065.64) 295,852.87 08/07/26 08/07/26 Purchase - Interest 637432NP6 1.00 5,950.00 301,802.87 08/10/26 08/10/26 Purchase - Interest 009158BH8 1.00 7,820.00 309,622.87 08/12/26 08/12/26 Purchase - Interest 05565EBW4 1.00 1,093.75 310,716.62 08/12/26 08/12/26 Purchase - Principal 05565EBW4 1.00 175,000.00 485,716.62 08/12/26 08/12/26 Redemption - Principal 43815XAD4 1.00 (264,945.38) 220,771.24 08/14/26 08/14/26 Purchase - Principal 91282CGH8 1.00 24,761.72 245,532.96 08/14/26 08/14/26 Purchase - Interest 91282CGH8 1.00 33.29 245,566.25 PFM Asset Management, a division of Page 29
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending August 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
08/14/26 08/14/26 Redemption - Principal 87268UAA5 1.00 (224,963.89) 20,602.36 08/17/26 08/17/26 Purchase - Interest 882508BV5 1.00 1,955.00 22,557.36 08/17/26 08/17/26 Purchase - Interest 02582JKD1 1.00 1,786.92 24,344.28 08/17/26 08/17/26 Purchase - Interest 02582JKH2 1.00 2,157.37 26,501.65 08/17/26 08/17/26 Purchase - Interest 05522RDH8 1.00 747.00 27,248.65 08/17/26 08/17/26 Purchase - Interest 05522RDK1 1.00 897.92 28,146.57 08/17/26 08/17/26 Purchase - Interest 05522RDL9 1.00 1,811.08 29,957.65 08/17/26 08/17/26 Purchase - Interest 161571HT4 1.00 1,741.50 31,699.15 08/17/26 08/17/26 Purchase - Interest 31680EAD3 1.00 451.46 32,150.61 08/17/26 08/17/26 Purchase - Interest 34536DAD5 1.00 1,042.62 33,193.23 08/17/26 08/17/26 Purchase - Interest 362549AD9 1.00 321.00 33,514.23 08/17/26 08/17/26 Purchase - Interest 41285JAD0 1.00 8.84 33,523.07 08/17/26 08/17/26 Purchase - Interest 437921AD1 1.00 397.71 33,920.78 08/17/26 08/17/26 Purchase - Interest 448981AD2 1.00 521.12 34,441.90 08/17/26 08/17/26 Purchase - Interest 58769MAD2 1.00 1,435.17 35,877.07 08/17/26 08/17/26 Purchase - Interest 58773DAD6 1.00 2,190.83 38,067.90 08/17/26 08/17/26 Purchase - Interest 891940AC2 1.00 62.06 38,129.96 08/17/26 08/17/26 Purchase - Interest 89240KAD0 1.00 450.33 38,580.29 08/17/26 08/17/26 Purchase - Interest 89240QAD7 1.00 791.58 39,371.87 08/17/26 08/17/26 Purchase - Interest 92970QAJ4 1.00 1,754.08 41,125.95 08/17/26 08/17/26 Purchase - Principal 31680EAD3 1.00 14,136.14 55,262.09 08/17/26 08/17/26 Purchase - Principal 891940AC2 1.00 8,089.01 63,351.10 PFM Asset Management, a division of Page 30
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending August 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
08/17/26 08/17/26 Purchase - Principal 58773DAD6 1.00 24,889.66 88,240.76 08/17/26 08/17/26 Purchase - Principal 41285JAD0 1.00 2,101.33 90,342.09 08/18/26 08/18/26 Purchase - Interest 43815QAC1 1.00 306.29 90,648.38 08/18/26 08/18/26 Purchase - Principal 43815QAC1 1.00 11,793.64 102,442.02 08/19/26 08/19/26 Purchase - Interest 91282CGH8 1.00 271.06 102,713.08 08/19/26 08/19/26 Purchase - Principal 91282CGH8 1.00 148,611.33 251,324.41 08/19/26 08/19/26 Redemption - Principal 05595NAD1 1.00 (244,978.86) 6,345.55 08/20/26 08/20/26 Purchase - Interest 110122DE5 1.00 4,114.50 10,460.05 08/20/26 08/20/26 Purchase - Interest 05594BAD8 1.00 290.00 10,750.05 08/20/26 08/20/26 Purchase - Interest 73329KAD8 1.00 384.17 11,134.22 08/20/26 08/20/26 Purchase - Interest 92348KDY6 1.00 1,559.71 12,693.93 08/20/26 08/20/26 Purchase - Interest 91282CGH8 1.00 808.42 13,502.35 08/20/26 08/20/26 Purchase - Principal 91282CGH8 1.00 421,115.23 434,617.58 08/20/26 08/20/26 Purchase - Principal 05594BAD8 1.00 1,714.34 436,331.92 08/20/26 08/20/26 Redemption - Principal 3137GBX34 1.00 (412,016.25) 24,315.67 08/20/26 08/20/26 Redemption - Interest 3137GBX34 1.00 (897.22) 23,418.45 08/21/26 08/21/26 Purchase - Interest 438123AC5 1.00 148.72 23,567.17 08/21/26 08/21/26 Purchase - Interest 43815CAD0 1.00 456.75 24,023.92 08/21/26 08/21/26 Purchase - Principal 438123AC5 1.00 3,404.68 27,428.60 08/25/26 08/25/26 Purchase - Interest 3137BXQY1 1.00 1,477.67 28,906.27 08/25/26 08/25/26 Purchase - Interest 3137F1G44 1.00 1,486.38 30,392.65 08/25/26 08/25/26 Purchase - Interest 3137HACX2 1.00 2,204.29 32,596.94 PFM Asset Management, a division of Page 31
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending August 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
08/25/26 08/25/26 Purchase - Interest 3137HAD45 1.00 1,086.12 33,683.06 08/25/26 08/25/26 Purchase - Interest 3137HAMH6 1.00 3,100.00 36,783.06 08/25/26 08/25/26 Purchase - Interest 3137HAMS2 1.00 2,000.00 38,783.06 08/25/26 08/25/26 Purchase - Interest 3137HAQ74 1.00 1,975.00 40,758.06 08/25/26 08/25/26 Purchase - Interest 3137HAST4 1.00 1,515.63 42,273.69 08/25/26 08/25/26 Purchase - Interest 3137HB3D4 1.00 760.35 43,034.04 08/25/26 08/25/26 Purchase - Interest 3137HB3G7 1.00 1,113.75 44,147.79 08/25/26 08/25/26 Purchase - Interest 3137HBC69 1.00 1,040.39 45,188.18 08/25/26 08/25/26 Purchase - Interest 3136BQDE6 1.00 1,714.83 46,903.01 08/25/26 08/25/26 Purchase - Interest 3136G5V64 1.00 1,452.08 48,355.09 08/25/26 08/25/26 Purchase - Interest 3137BSP72 1.00 447.15 48,802.24 08/25/26 08/25/26 Purchase - Interest 3137HBLV4 1.00 1,104.90 49,907.14 08/25/26 08/25/26 Purchase - Interest 3137HDV56 1.00 1,730.67 51,637.81 08/25/26 08/25/26 Purchase - Interest 3137HDXL9 1.00 1,873.99 53,511.80 08/25/26 08/25/26 Purchase - Interest 3137HKXJ8 1.00 698.25 54,210.05 08/25/26 08/25/26 Purchase - Correction to Interest 3137HAD45 from 08/25/2026 1.00 1,171.92 55,381.97 08/25/26 08/25/26 Purchase - Interest 3137BTUM1 1.00 985.74 56,367.71 08/25/26 08/25/26 Purchase - Principal 3137BXQY1 1.00 32,279.37 88,647.08 08/25/26 08/25/26 Purchase - Principal 3137HAD45 1.00 488.14 89,135.22 08/25/26 08/25/26 Purchase - Principal 3137BSP72 1.00 202,252.62 291,387.84 08/25/26 08/25/26 Purchase - Principal 3137BTUM1 1.00 31,490.84 322,878.68 08/25/26 08/25/26 Purchase - Principal 3137HBC69 1.00 1,114.66 323,993.34 PFM Asset Management, a division of Page 32
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending August 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
08/25/26 08/25/26 Purchase - Principal 3136BQDE6 1.00 55.19 324,048.53 08/25/26 08/25/26 Purchase - Principal 3137HACX2 1.00 436.85 324,485.38 08/25/26 08/25/26 Redemption - Reversal of Interest 3137HAD45 from 08/25/2026 1.00 (1,086.12) 323,399.26 08/26/26 08/26/26 Purchase - Interest 17275RBR2 1.00 10,185.00 333,584.26 08/31/26 08/31/26 Purchase - Interest 91282CNX5 1.00 241,515.63 575,099.89 08/31/26 09/01/26 Accrual Income Div Reinvestment - Distributions 1.00 3,006.80 578,106.69 578,106.69
578,106.69
578,106.69
932,709.87
8,669.04

0.00 (34,246,051.65)
33,869,590.35
954,567.99
3,006.80
578,106.69

0.00 (13,006,826.95)
12,905,351.62
679,582.02
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
August January-August

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

Lake Elsinore City CouncilSeptember 22, 2026

Lake Elsinore City Council
September 22, 2026