Agenda packet — Lincoln City Council, August 26, 2025 (part 2 of 3)

RESOLUTION 2025-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LINCOLN

APPROVING AND DESIGNATING THE VOTING DELEGATE AND ALTERNATE(S) TO THE 2025-26 LEAGUE OF CALIFORNIA CITIES ANNUAL CONFERENCE

WHEREAS, the 2025/26 League of California Cities Annual Conference is scheduled for October 8 – 10, 2025 and will be held at the Long Beach Convention Center; and

WHEREAS, Mayor Holly Andreatta and Mayor Pro Tem Ben Brown will be attending the Annual Conference on behalf of the City of Lincoln; and

WHEREAS, the General Assembly is an important opportunity where city officials can directly participate in the development of Cal Cities policy; and

WHEREAS, our City’s appointed voting delegate plays an important role during the General Assembly by representing our city and votes on resolutions; and

WHEREAS, in order to vote at the Annual Business Meeting, the City Council must designate a voting delegate and may appoint up to two alternate voting delegates, one of whom may vote in the event that the designated voting delegate is unable to serve in that capacity.

NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Lincoln does hereby designate and authorize the City of Lincoln’s voting delegate as Mayor Andreatta and alternate as Mayor Pro Tem Brown.

PASSED AND ADOPTED this 26th day of August, 2025 by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

___________________________
Holly Andreatta, Mayor
ATTEST:

Hope Ithurburn, City Clerk
173

1400 K Street, Suite 400, Sacramento, CA 95814 • 916.658.8200 • calcities.org

DATE: Wednesday, July 16, 2025

TO: Mayors, Council Members, City Clerks, and City Managers

RE: DESIGNATION OF VOTING DELEGATES AND ALTERNATES
League of California Cities Annual Conference and Expo, Oct. 8-10, 2025 Long Beach Convention Center

Every year, the League of California Cities convenes a member-driven General Assembly at the Cal Cities Annual Conference and Expo. The General Assembly is an important opportunity where city officials can directly participate in the development of Cal Cities policy.

Taking place on Oct. 10, the General Assembly is comprised of voting delegates appointed by each member city; every city has one voting delegate. Your appointed voting delegate plays an important role during the General Assembly by representing your city and voting on resolutions.

To cast a vote during the General Assembly, your city must designate a voting delegate and up to two alternate voting delegates, one of whom may vote if the designated voting delegate is unable to serve in that capacity. Voting delegates may either be an elected or appointed official.

Action by Council Required. Consistent with Cal Cities bylaws, a city’s voting delegate and up to two alternates must be designated by the city council. Please note that designating the voting delegate and alternates must be done by city council action and cannot be accomplished by individual action of the mayor or city manager alone.

Following council action, please submit your city’s delegates through the online submission portal by Wed., Sept. 24. When completing the Voting Delegate submission form, you will be asked to attest that council action was taken. You will need to be signed in to your My Cal Cities account when submitting the form.

Submitting your voting delegate form by the deadline will allow us time to establish voting delegate/alternate records prior to the conference and provide pre-conference communications with voting delegates.

Conference Registration Required. The voting delegate and alternates must be registered to attend the conference. They need not register for the entire conference; they may register for Friday only. Conference registration is open on the Cal Cities website.

Council Action Advised by September 24, 2025
174
For a city to cast a vote, one voter must be present at the General Assembly and in possession of the voting delegate card and voting tool. Voting delegates and alternates need to pick up their conference badges before signing in and picking up the voting delegate card at the voting delegate desk. This will enable them to receive the special sticker on their name badges that will admit the voting delegate into the voting area during the General Assembly.

Please view Cal Cities’ event and meeting policy in advance of the conference.

Transferring Voting Card to Non-Designated Individuals Not Allowed. The voting delegate card may be transferred freely between the voting delegate and alternates, but only between the voting delegate and alternates. If the voting delegate and alternates find themselves unable to attend the General Assembly, they may not transfer the voting card to another city official.

Seating Protocol during General Assembly. At the General Assembly, individuals with a voting card will sit in a designated area. Admission to the voting area will be limited to the individual in possession of the voting card and with a special sticker on their name badge identifying them as a voting delegate.

The voting delegate desk, located in the conference registration area of the Long Beach Convention Center in Long Beach, will be open at the following times: Wednesday, Oct. 8, 8:00 a.m.-6:00 p.m. and Thursday, Oct. 9, 7:30 a.m.-4:00 p.m. On Friday, Oct. 10, the voting delegate desk will be open at the General Assembly, starting at 7:30 a.m., but will be closed during roll calls and voting.

The voting procedures that will be used at the conference are attached to this memo.

Please share these procedures and this memo with your council and especially with the individuals that your council designates as your city’s voting delegate and alternates.

Once again, thank you for submitting your voting delegate and alternates by Wednesday, Sept. 24. If you have questions, please contact Zach Seals at [email protected].

A
ttachments:
• General Assembly Voting Guidelines
• Information Sheet: Cal Cities Resolutions and the General Assembly 175

1400 K Street, Suite 400, Sacramento, CA 95814 • 916.658.8200 • calcities.org

General Assembly Voting Guidelines

1. One City One Vote. Each member city has a right to cast one vote on matters pertaining to Cal Cities policy.

2. Designating a City Voting Representative. Prior to the Cal Cities Annual Conference and Expo, each city council may designate a voting delegate and up to two alternates; these individuals are identified on the voting delegate form provided to the Cal Cities Credentials Committee.

3. Registering with the Credentials Committee. The voting delegate, or alternates, may pick up the city's voting card at the voting delegate desk in the conference registration area. Voting delegates and alternates must sign in at the voting delegate desk. Here they will receive a special sticker on their name badge and thus be admitted to the voting area at the General Assembly.

4. Signing Initiated Resolution Petitions. Only those individuals who are voting delegates (or alternates), and who have picked up their city’s voting card by providing a signature to the credentials committee at the voting delegate desk, may sign petitions to initiate a resolution.

5. Voting. To cast the city's vote, a city official must have in their possession the city's voting card and voting tool; and be registered with the credentials committee. The voting card may be transferred freely between the voting delegate and alternates but may not be transferred to another city official who is neither a voting delegate nor alternate.

6. Voting Area at General Assembly. At the General Assembly, individuals with a voting card will sit in a designated area. Admission to the voting area will be limited to the individual in possession of the voting card and with a special sticker on their name badge identifying them as a voting delegate.

7. Resolving Disputes. In case of dispute, the credentials committee will determine the validity of signatures on petitioned resolutions and the right of a city official to vote at the General Assembly.

176
Sixty days before the
Annual Conference
and Expo, Cal Cities
members may submit
policy proposals on
issues of importance
to cities. The resolution must
have the concurrence of at least
five additional member cities or
individual members.

How it works: Cal Cities
Resolutions and the General Assembly
General Assembly
General Resolutions Policy Committees
Developing League of California Cities policy is a dynamic process that engages a wide range of members to ensure Cal Cities represents cities with one voice. These policies directly guide Cal Cities’ advocacy to promote local decision-making, and lobby against statewide policies that erode local control.

The resolutions process and General Assembly is one way that city officials can directly participate in the development of Cal Cities policy. If a resolution is approved at the General Assembly, it becomes official Cal Cities policy. Here’s how resolutions and the General Assembly work.

The petitioned
resolution is an
alternate method
to introduce policy
proposals during
the annual conference. The
petition must be signed by
voting delegates from 10% of
member cities, and submitted to
the Cal Cities President at least
24 hours before the beginning
of the General Assembly.

Petitioned Resolutions
The Cal Cities
President assigns
general resolutions
to policy committees
where members
review, debate, and recommend
positions for each policy proposal.

Recommendations are forwarded
to the Resolutions Committee.

Who’s who
The Resolutions Committee
includes representatives
from each Cal Cities
diversity caucus, regional
division, municipal
department, and policy
committee, as well as
individuals appointed by
the Cal Cities president.

Voting delegates
are appointed by each
member city; every city
has one voting delegate.

The General Assembly is a
meeting of the collective
body of all voting
delegates —one from
every member city.

Seven policy committees
meet throughout the year
to review and recommend
positions to take on bills
and regulatory proposals.

Policy committees include
members from each Cal
Cities diversity caucus,
regional division, and
municipal department,
as well as individuals
appointed by the Cal
Cities president.

During the General Assembly, voting delegates
debate and consider general and petitioned
resolutions forwarded by the Resolutions
Committee. Potential Cal Cities bylaws
amendments are also considered at this meeting.

Cal Cities policy
development is a member-
informed process,
grounded in the voices and
experiences of city officials
throughout the state.

For more information visit www.calcities.org/general-assembly Prior to the Annual Conference and Expo
Resolutions Committee
The Resolutions
Committee considers
all resolutions. General
Resolutions approved1 by
either a policy committee
or the Resolutions Committee are next
considered by the General Assembly.

General resolutions not approved, or
referred for further study by both a
policy committee and the Resolutions
Committee do not go to the General
Assembly. All Petitioned Resolutions
are considered by the General
Assembly, unless disqualified.2
During the Annual Conference and Expo
1 The Resolution Committee can amend a general resolution prior to sending it to the General Assembly. 2 Petitioned Resolutions may be disqualified by the Resolutions Committee according to Cal Cities Bylaws Article VI. Sec. 5(f). 177
SUBJECT:

Treasurer's Report for the Period Ending June 30, 2025. (Nita Wracker)
SUBMITTED BY:

Nita Wracker
DEPARTMENT:

Finance
DATE:

August 26, 2025

Item Number 7.H

STAFF RECOMMENDATION:

Receive the City’s Unaudited Treasurers Report for the month ended June 30, 2025
,
in
compliance with Government Code Government Codes 53600.3, 53607 & 53630 through 53683 and as outlined in the City’s Investment Policy.

BACKGROUND/INTRODUCTION:

The City of Lincoln has four investment holdings:

US Bank- Under the care of PFM Investment Management who under the direction of the City Manager and Finance Director direct investment activity in order to both comply with the city’s investment policy, ensure fiscal sustainability and to maximize long-term earnings on behalf of the City. Funds in excess of the City’s immediate cash needs and reserves on hand (held in LAIF) are invested with PFM, held by US Bank.

OPEB Trust- A Section 115 Trust to fund the future retiree healthcare liability. Funds are currently invested with Public Agency Retirement Services (PARS), held by US Bank.

PARS Pension – A Section 115 Trust to contribute to the Unfunded Pension Liability.

Funds are currently invested with PARS, held by US Bank.

LAIF- Managed by the California State Treasurer, the City keeps the majority of its pooled cash within the LAIF account. This investment is fully liquid and serves as the City’s primary cash resource to cover City expenses in excess of funds held in the City’s

STAFF REPORT
178
general checking account.

FINDINGS/ANALYSIS:

As of
June 30, 2025,
investment accounts contained the following activity and balances:

Investments
US Bank

OPEB PARS
Pension
PARS
LAIF
Total
Balance
05/31/2025
$163,992,845.21
$18,021,958.322
$3,583,072.64
$24,423,066.08
$210,020,942.25
Interest/Dividends
Earned
336,363.94
57,886.38
11,531.13

405,781,45
Gains/(Losses)
on Investment
9,016.77

0.00 0.00

9,016.77
Unrealized
Gains/(Losses) on
Investment
765,803.67
514,924.01
102,122.36

1,382,850.04
Net accrued
Income
144,315.66
(69.30)
(13.95)

144,232.41
Fees
(674.87)
(6,546.88)
(1,299.98)

(8,521.73)
Balance June 30,
2025
$165,247,670.38
$18,588,152.53
$3,695,412.20
$24,423,066.08
$211,954,301.19

The investment balances available are more than sufficient to allow the City to meet its expenditure obligations and requirements for the next six months. The attached reports comply with the City of Lincoln Investment Policy and the California Government Codes 53600.3, 53607 & 53630 through 53683.

ATTACHMENTS:

Attachment A - US Bank June 2025.pdf
Attachment B - PARS OPEB.pdf
Attachemnt C - PARS Pension.pdf
179
600 SIXTH STREET
LINCOLN, CA 95648
02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
This statement is for the period from June 1, 2025 to June 30, 2025 Questions?
If you have any questions regarding your account or this statement, please contact your Account Manager.

Account Manager:

ROYA KHAIRZADA
633 W. 5TH STREET, 24TH FLOOR
LOS ANGELES, CA 90071
Phone: 213-615-6804
E-mail: [email protected]

DTATDTDADFAFFTDAFFFFAAADTAAFATDDAFTFADATFFADFFTTTDFTADTTTTDFADDAD 000023923 45 SP 000638998232139 S
180
1010101010101010101010110011010101010011
10100010000010000000
10011101001010110111
11010100001001001110
11000100100001001101
10110011000101010100
10010001110100110101
11010100001011111100
11000110010111110101
10000000110010001000
11001001111110001011
10000010001000010100
10100000011101000111
10001101101011100000
10000010111111110001
10110101110111001110
11000101011000010101
10101011010010000010
11111111111111111111
Market And Cost Reconciliation 3
Cash Reconciliation 4
Asset Summary 5
Asset Detail 6
Income Accrual Detail 26
Investment Activity 36
Plan Expenses 44
Purchases 45
Sales And Maturities 48
Bond Summary 53

Page 2 of 53 ends

02687304
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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025 ......................................................................................................................................................................... ............................................................................................................................................................................................ .................................................................................................................................................................................................... .......................................................................................................................................................................................................... ......................................................................................................................................................................................... ............................................................................................................................................................................................... ..................................................................................................................................................................................................... ............................................................................................................................................................................................................ ........................................................................................................................................................................................... ....................................................................................................................................................................................................

SchedulePage

TABLE OF CONTENTS
181
Interest 336,363.94 336,363.94
Realized Gain/Loss9,016.779,016.77
Change In Unrealized Gain/Loss 765,803.67.00
Net Accrued Income (Current-Prior) 144,315.66 144,315.66 Trust Fees- 674.87- 674.87

Page 3 of 53 ends

02687304
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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025 06/30/202506/30/2025

MARKET BOOK VALUE
Beginning Market And Cost 163,992,845.21 161,539,905.45 Investment Activity
Total Investment Activity 1,255,500.04 489,696.37 Plan Expenses
Total Plan Expenses- 674.87- 674.87
Net Change In Market And Cost 1,254,825.17 489,021.50 Ending Market And Cost 165,247,670.38 162,028,926.95

MARKET AND COST RECONCILIATION
182
1010101010101010101010110011010100010011
10100010000010000000
10011101001000001111
11010100001001000110
11000100100001011001
10110011000101111100
10010001110000011111
11010100001110011100
11000110001111011101
10000000111000111000
11001001110010100011
10000011011100000000
10100111111010010111
10001111111001101000
10011011101101100111
10100111010100110010
11011011011110110101
10101000110010101010
11111111111111111111
Interest 336,363.94
Cash Equivalent Purchases- 417,816.23
Purchases- 3,093,315.02
Cash Equivalent Sales1,358,821.42
Sales/Maturities2,956,579.96
Trust Fees- 674.87

Page 4 of 53 ends

02687304
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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025 Beginning Cash- 1,139,959.20
Investment Activity
Total Investment Activity 1,140,634.07
Plan Expenses
Total Plan Expenses- 674.87
Net Change In Cash 1,139,959.20
Ending Cash.00

CASH RECONCILIATION
183
EstimatedAnnualIncomeisanestimateprovidedforinformationalpurposesonly andshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.The estimatesmaynotrepresenttheactualvalueearnedbyyourinvestmentsand theyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Cash And Equivalents 379,886.79 379,886.79 0.23 U.S. Government Issues 105,332,127.43 102,592,732.68 63.74 Corporate Issues 54,276,541.78 53,831,830.60 32.85 Foreign Issues 3,999,390.50 3,964,753.00 2.42 Accrued Income 1,259,723.88 1,259,723.88 0.76

Page 5 of 53 ends

02687304
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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025 06/30/202506/30/2025% OF

ASSETSMARKETBOOK VALUEMARKET
Total Assets 163,987,946.50 160,769,203.07 99.24 Grand Total 165,247,670.38 162,028,926.95 100.00 Estimated Annual Income 5,758,748.36

ASSET SUMMARY

ASSET SUMMARY MESSAGES
BONDS
184
1010101010101010101010110011010011010011
10100010000010000000
10011101001000001111
11010100001001010010
11000100100000110101
10110011000101110100
10010001110010010001
11010100001011100010
11000110001100011101
10000000100001101000
11001001010110011011
10000010001011000100
10100111001111100111
10001010011010111000
10000000001001110011
10110000110001001010
11011110011100101101
10101001010010101010
11111111111111111111
First Am Govt 379,886.790 379,886.79 379,886.79.00815.37 3.95 Ob Fd Cl Y1.0000.00
31846V203 Asset Minor Code 1
F H L B Deb 3,900,000.000 3,773,874.00 3,615,180.00 158,694.0015,610.83 1.14

1.100% 8/20/2696.766011,817.00
Standard & Poors Rating: AA+
Moodys Rating: Aa1
3130ANMH0 Asset Minor Code 22
F N M A Gtd 996,506.590 976,227.68 931,694.7444,532.942,625.79 3.23 Remic 3.162% 6/25/2797.96503,620.67
Standard & Poors Rating: N/A
Moodys Rating: N/A
3136AX7E9 Asset Minor Code 30
F N M A Gtd 1,084,176.470 1,059,121.15 1,009,596.9849,524.172,768.26 3.14 Remic 3.064% 9/25/2797.68902,640.56
Standard & Poors Rating: N/A
Moodys Rating: N/A
3136AY6X6 Asset Minor Code 30
F N M A Gtd 1,408,825.330 1,409,078.92 1,384,941.3324,137.594,919.15 4.19 Remic 4.190% 7/25/28 100.01806,888.09
Standard & Poors Rating: N/A
Moodys Rating: N/A
3136BQDE6 Asset Minor Code 30

Page 6 of 53 ends

Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

FACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET Money Markets
Total Money Markets 379,886.790 379,886.79 379,886.79.00815.37 3.95 .00
Total Cash And Equivalents 379,886.790 379,886.79 379,886.79.00815.37 3.95 .00
02687304
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CITY OF LINCOLN

ACCOUNT

ASSET DETAIL

DESCRIPTION
Cash And Equivalents
US Government Issues
185
F H L M C 770,000.000 760,667.60 731,500.0029,167.602,190.01 3.45 Mltcl Mtg 3.413% 12/25/2698.78801,971.20
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137BUX60 Asset Minor Code 30
F H L M C 885,000.000 869,291.25 828,892.3840,398.872,355.58 3.25 Mltcl Mt 3.194% 7/25/2798.22503,575.40
Standard & Poors Rating: N/A
Moodys Rating: Aaa
3137FAWS3 Asset Minor Code 30
F H L M C 1,000,000.000 988,660.00 930,312.5058,347.503,000.00 3.64 Mltcl Mt 3.600% 1/25/2898.86604,640.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137F4D41 Asset Minor Code 30
F H L M C 1,500,000.000 1,527,090.00 1,501,289.0625,800.946,023.75 4.73 Mltcl 4.819% 6/25/28 101.80607,035.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HACX2 Asset Minor Code 30
F H L M C 1,506,118.510 1,518,393.38 1,506,080.8412,312.545,995.59 4.74 Mltcl Mt 4.777% 6/25/28 100.81504,285.55
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HAD45 Asset Minor Code 30
F H L M C 1,500,000.000 1,521,825.00 1,477,810.5044,014.505,812.50 4.58 Mltcl Mtg 4.650% 8/25/28 101.45507,905.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HAMH6 Asset Minor Code 30
F H L M C 1,400,000.000 1,424,094.00 1,369,289.6054,804.405,530.00 4.66 Mltcl 4.740% 8/25/28 101.72107,364.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HAQ74 Asset Minor Code 30

Page 7 of 53 ends

02687304
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0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
186
1010101010101010101010110011010010010011
10100010000010000000
10011101001000010111
11010100001001010110
11000100100000011001
10110011000101101100
10010001110011100111
11010100001001010010
11000110001001110101
10000000100110101000
11001001011011100011
10000010100001010000
10100000010001101111
10001011111111110100
10000011010101000011
10100010011010001110
11010010111011000101
10101011010010101010
11111111111111111111
F H L M C 1,380,000.000 1,408,345.20 1,336,001.4672,343.745,577.50 4.75 Mltcl 4.850% 9/25/28 102.05406,141.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HAST4 Asset Minor Code 30
F H L M C 1,095,000.000 1,109,224.05 1,105,948.913,275.144,171.95 4.51 Mltcl Mtg 4.572% 12/25/28 101.29906,361.95
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HBLV4 Asset Minor Code 30
F H L M C 670,000.000 688,016.30 668,063.0319,953.272,830.19 4.94 Mltcl 5.069% 10/25/28 102.68902,525.90
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HB3D4 Asset Minor Code 30
F H L M C 1,055,000.000 1,078,062.30 1,051,968.9926,093.314,272.75 4.76 Mltcl Mtg 4.860% 10/25/28 102.18606,414.40
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HB3G7 Asset Minor Code 30
F H L M C 1,000,000.000 1,033,440.00 1,009,570.3123,869.694,316.67 5.01 Mltcl Mtg 5.180% 3/25/29 103.34405,990.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HCKV3 Asset Minor Code 30
F H L M C 1,370,000.000 1,388,179.90 1,382,814.985,364.925,186.59 4.48 Mltcl Mtg 4.543% 7/25/29 101.32708,466.60
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HDXL9 Asset Minor Code 30
FHLMC Remic 535,000.000 541,623.30 545,689.30- 4,066.00.00 0.00 Series 0.00001% 6/25/29 101.23803,520.30
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HFNZ4 Asset Minor Code 30

Page 8 of 53 ends

02687304
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0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
187
FHLMC Remic 535,000.000 539,836.40 534,981.284,855.12.00 0.00 Series 0.00001% 1/25/30 100.90403,472.15
Standard & Poors Rating: N/A
Moodys Rating: N/A
3137HKXJ8 Asset Minor Code 30
U S Treasury 4,000,000.000 3,715,000.00 3,378,437.50 336,562.503,369.57 0.54 Nt 0.500% 10/31/2792.875024,200.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CAU5 Asset Minor Code 21
U S Treasury 4,560,000.000 4,269,847.20 3,959,380.62 310,466.5814,327.87 1.33 Nt 1.250% 3/31/2893.637027,451.20
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CBS9 Asset Minor Code 21
U S Treasury 1,380,000.000 1,287,388.20 1,199,144.5388,243.671,461.07 1.34 Nt 1.250% 5/31/2893.28908,790.60
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CCE9 Asset Minor Code 21
U S Treasury.000.00.00.00.00 0.00
Nt 0.750% 5/31/2697.05508,456.99
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CCF6 Asset Minor Code 21
U S Treasury 2,000,000.000 1,861,960.00 1,716,093.75 145,866.2567.93 1.34 Nt 1.250% 6/30/2893.098012,820.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CCH2 Asset Minor Code 21
U S Treasury 1,075,000.000 1,037,084.75 1,041,322.26- 4,237.512,802.57 0.65 Nt 0.625% 7/31/2696.47304,246.25
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CCP4 Asset Minor Code 21

Page 9 of 53 ends

02687304
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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
188
1010101010101010101010110011010001010011
10100010000010000000
10011101001000011111
11010100001001001110
11000100100001111001
10110011000101000100
10010001110011110111
11010100001110011000
11000110001110100101
10000000101011000000
11001001001111000011
10000011011101111000
10100011101001000011
10001101011000110000
10001011011000011001
10110000001011011000
11000101011111111101
10101011110010101010
11111111111111111111
U S Treasury 2,500,000.000 2,408,200.00 2,427,050.79- 18,850.795,498.63 0.91 Nt 0.875% 9/30/2696.32809,850.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CCZ2 Asset Minor Code 21
U S Treasury 1,000,000.000 964,340.00 938,887.4725,452.531,895.38 1.17 Nt 1.125% 10/31/2696.43403,990.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
91282CDG3 Asset Minor Code 21
U S Treasury 2,400,000.000 2,217,192.00 2,113,500.00 103,692.0090.41 1.49 Nt 1.375% 12/31/2892.383017,352.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CDP3 Asset Minor Code 21
U S Treasury 3,000,000.000 2,858,430.00 2,739,960.94 118,469.0617,909.84 2.49 Nt 2.375% 3/31/2995.281021,540.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CEE7 Asset Minor Code 21
U S Treasury 1,000,000.000 969,490.00 956,757.8112,732.194,843.75 2.97 Nt 2.875% 4/30/2996.94906,910.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CEM9 Asset Minor Code 21
U S Treasury 1,000,000.000 982,270.00 957,773.4424,496.564,633.15 2.80 Nt 2.750% 4/30/2798.22703,710.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CEN7 Asset Minor Code 21
U S Treasury 1,000,000.000 981,720.00 979,570.312,149.6988.32 3.31 Nt 3.250% 6/30/2998.17207,070.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CEV9 Asset Minor Code 21

Page 10 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
189
U S Treasury 2,000,000.000 1,915,700.00 1,915,312.50387.5021,899.17 2.74 Nt 2.625% 7/31/2995.785014,680.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CFC0 Asset Minor Code 21
U S Treasury 3,000,000.000 3,013,830.00 2,958,398.4455,431.5629,221.31 3.86 Nt 3.875% 9/30/29 100.461021,690.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CFL0 Asset Minor Code 21
U S Treasury 4,000,000.000 4,036,400.00 4,080,632.82- 44,232.8241,589.04 4.09 Nt 4.125% 9/30/27 100.910014,360.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CFM8 Asset Minor Code 21
U S Treasury 1,615,000.000 1,630,390.95 1,599,543.9530,847.0010,883.70 3.96 Nt 4.000% 10/31/29 100.953011,660.30
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CFT3 Asset Minor Code 21
U S Treasury 4,925,000.000 4,899,981.00 4,846,025.4053,955.6071,902.28 3.52 Nt 3.500% 1/31/2899.492020,783.50
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CGH8 Asset Minor Code 21
U S Treasury 1,650,000.000 1,646,320.50 1,632,791.0213,529.485,240.78 3.76 Nt 3.750% 5/31/3099.777013,529.48
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CHF1 Asset Minor Code 21
U S Treasury 1,415,000.000 1,421,141.10 1,411,738.879,402.2323,257.60 4.36 Nt 4.375% 8/15/26 100.43401,499.90
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CHU8 Asset Minor Code 21

Page 11 of 53 ends

02687304
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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
190
1010101010101010101010110011010000010011
10100010000010000000
10011101001000000111
11010100001001001010
11000100100001010101
10110011000101011100
10010001110010000001
11010100001100101000
11000110001011001101
10000000101100000000
11001001000010111011
10000011110111101100
10100100110111001011
10001100111101111100
10001000000100101001
10100010100000011100
11001001111000010101
10101001110010101010
11111111111111111111
U S Treasury 2,000,000.000 2,055,400.00 2,031,093.7524,306.2523,251.37 4.50 Nt 4.625% 9/30/28 102.77009,380.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CJA0 Asset Minor Code 21
U S Treasury 3,225,000.000 3,340,906.50 3,291,515.6349,390.8726,487.94 4.71 Nt 4.875% 10/31/28 103.594015,738.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CJF9 Asset Minor Code 21
U S Treasury 2,170,000.000 2,191,027.30 2,193,432.03- 2,404.7312,818.04 4.58 Nt 4.625% 11/15/26 100.96902,972.90
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CJK8 Asset Minor Code 21
U S Treasury 1,000,000.000 1,007,460.00 993,125.0014,335.001,912.57 4.34 Nt 4.375% 12/15/26 100.74602,070.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CJP7 Asset Minor Code 21
U S Treasury 4,200,000.000 4,237,884.00 4,209,027.3428,856.6670,077.35 3.96 Nt 4.000% 1/31/29 100.902024,906.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CJW2 Asset Minor Code 21
U S Treasury 2,060,000.000 2,075,614.80 2,071,587.504,027.3025,694.02 4.22 Nt 4.250% 3/15/27 100.75804,985.20
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CKE0 Asset Minor Code 21
U S Treasury 2,635,000.000 2,642,298.95 2,628,824.2213,474.7318,312.53 4.11 Nt 4.125% 10/31/26 100.27704,216.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CLS8 Asset Minor Code 21

Page 12 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
191
U S Treasury 4,100,000.000 4,201,721.00 4,103,527.3598,193.65491.44 4.27 Nt 4.375% 12/31/29 102.481029,971.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CMD0 Asset Minor Code 21
U S Treasury 3,200,000.000 3,263,136.00 3,243,125.0020,011.0056,729.28 4.17 Nt 4.250% 1/31/30 101.973023,648.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
91282CMG3 Asset Minor Code 21
U S Treasury 1,300,000.000 1,244,295.00 1,158,472.6685,822.344,888.25 1.18 Nt 1.125% 2/28/2795.71505,837.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
912828ZB9 Asset Minor Code 21
U S Treasury 2,500,000.000 2,425,000.00 2,381,434.4643,565.5421,132.60 2.32 Nt 2.250% 8/15/2797.000011,025.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128282R0 Asset Minor Code 21
U S Treasury 2,575,000.000 2,489,999.25 2,418,123.0471,876.217,399.63 2.33 Nt 2.250% 11/15/2796.699012,669.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128283F5 Asset Minor Code 21
U S Treasury 1,900,000.000 1,854,799.00 1,770,488.2884,310.7219,629.83 2.82 Nt 2.750% 2/15/2897.62109,424.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128283W8 Asset Minor Code 21
U S Treasury 3,850,000.000 3,778,120.50 3,675,246.09 102,874.4115,366.00 3.18 Nt 3.125% 11/15/2898.133023,023.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128285M8 Asset Minor Code 21

Page 13 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
192
1010101010101010101010110011010111010011
10100010000010000000
10011101001000001111
11010100001001000110
11000100100001001101
10110011000100000000
10010001110001100111
11010100001100100100
11000110011111110101
10000000100101100000
11001001110000110011
10000011111101101100
10100111110111100011
10001111111010110100
10000110011110000101
10110000001100100100
11000011111011100101
10101011001110011010
11111111111111111111
U S Treasury 2,900,000.000 2,792,729.00 2,649,761.72 142,967.2828,599.45 2.73 Nt 2.625% 2/15/2996.301019,604.00
Standard & Poors Rating: N/A
Moodys Rating: Aa1
9128286B1 Asset Minor Code 21
Adobe Inc 1,150,000.000 1,187,754.50 1,148,240.5039,514.0025,932.50 4.79

4.950% 1/17/30 103.28309,487.50
Standard & Poors Rating: A+
Moodys Rating: A1
00724PAJ8 Asset Minor Code 28
Amazon Com.000.00.00.00.00 0.00

3.300% 4/13/2798.8960- 61,248.00
Standard & Poors Rating: AA
Moodys Rating: A1
023135CF1 Asset Minor Code 28
American 1,000,000.000 967,230.00 996,890.00- 29,660.002,612.50 1.71 Express Co 1.650% 11/04/2696.72304,790.00
Standard & Poors Rating: A-
Moodys Rating: A2
025816CM9 Asset Minor Code 28
American 1,285,000.000 1,291,630.60 1,283,845.517,785.092,781.31 4.84 Express 4.870% 5/15/28 100.51601,079.40
Standard & Poors Rating: AAA
Moodys Rating: N/A
02582JJZ4 Asset Minor Code 31
American 1,200,000.000 1,157,436.00 1,182,444.00- 25,008.004,853.33 1.35 Honda Mtn 1.300% 9/09/2696.45306,072.00
Standard & Poors Rating: A-
Moodys Rating: A3
02665WDZ1 Asset Minor Code 28

Page 14 of 53 ends

02687304
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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET Total US Government Issues 106,725,626.900 105,332,127.43 102,592,732.68 2,739,394.75 676,959.78 3.18 558,694.09
ASSET DETAIL (continued)
Corporate Issues
193
Analog 500,000.000 463,535.00 423,880.0039,655.002,125.00 1.83 Devices Inc 1.700% 10/01/2892.70704,375.00
Standard & Poors Rating: A-
Moodys Rating: A2
032654AU9 Asset Minor Code 28
Bank Of 1,630,000.000 1,636,976.40 1,624,651.5612,324.843,470.09 4.77 America 4.790% 5/15/28 100.42801,075.80 Standard & Poors Rating: AAA
Moodys Rating: N/A
05522RDG0 Asset Minor Code 31
Bank Of 1,260,000.000 1,278,660.60 1,259,929.3118,731.292,760.80 4.86 America 4.930% 5/15/29 101.48102,696.40 Standard & Poors Rating: AAA
Moodys Rating: Aaa
05522RDJ4 Asset Minor Code 31
Bmw US Cap 500,000.000 483,430.00 502,750.00- 19,320.002,413.19 1.29 LLC Extnd 1.250% 8/12/2696.68602,200.00
Standard & Poors Rating: A
Moodys Rating: A2
05565EBW4 Asset Minor Code 28
Bmw US Cap 700,000.000 712,873.00 692,594.0020,279.0013,747.22 4.96 LLC 5.050% 8/11/28 101.83904,368.00
Standard & Poors Rating: A
Moodys Rating: A2
05565ECE3 Asset Minor Code 28
Bmw US Cap 945,000.000 950,329.80 952,134.75- 1,804.9516,663.50 4.57 LLC 4.600% 8/13/27 100.56403,496.50
Standard & Poors Rating: A
Moodys Rating: A2
05565ECQ6 Asset Minor Code 28
BofA Auto 225,000.000 226,032.75 224,984.481,048.2779.75 1.15 Trust 20 1.160% 11/20/29 100.45901,077.75
Standard & Poors Rating: N/A
Moodys Rating: Aaa
05594BAD8 Asset Minor Code 31

Page 15 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
194
1010101010101010101010110011010110010011
10100010000010000000
10011101001000010111
11010100001001000010
11000100100001100001
10110011000100011000
10010001110000010001
11010100001110010100
11000110011010011101
10000000100010100000
11001001111101001011
10000011010111111000
10100000101001101011
10001110011111111000
10000101000010110101
10100010100111100000
11001111011100001101
10101001001110011010
11111111111111111111
Bank Amer.000.00.00.00.00 0.00
Corp Mtn 3.875% 8/01/2599.946027,056.00
Standard & Poors Rating: A-
Moodys Rating: A1
06051GFS3 Asset Minor Code 28
Bank America 1,025,000.000 1,027,726.50 1,010,701.2517,025.2523,286.86 5.07 Mtn 5.080% 1/20/27 100.2660574.00
Standard & Poors Rating: A-
Moodys Rating: A1
06051GLE7 Asset Minor Code 28
Bank Of 1,375,000.000 1,388,337.50 1,374,975.1113,362.393,507.78 5.68 America 5.740% 6/15/28 100.970082.50
Standard & Poors Rating: N/A
Moodys Rating: Aaa
06054YAC1 Asset Minor Code 31
Bank New York 1,525,000.000 1,546,548.25 1,527,836.5018,711.7513,822.47 4.66 Mtn 4.729% 4/20/29 101.41308,418.00
Standard & Poors Rating: AA-
Moodys Rating: Aa2
06405LAH4 Asset Minor Code 28
Blackrock 95,000.00097,010.2094,828.052,182.151,327.10 4.60 Funding 4.700% 3/14/29 102.1160505.40
Standard & Poors Rating: AA-
Moodys Rating: Aa3
09290DAA9 Asset Minor Code 28
Bmw Vehicle 745,000.000 751,377.20 744,926.626,450.58602.21 4.81

4.850% 9/25/29 100.85602,279.70
Standard & Poors Rating: AAA
Moodys Rating: Aaa
096924AD7 Asset Minor Code 31
Capital One 1,285,000.000 1,286,246.45 1,267,632.4218,614.032,524.31 4.42 Multi 4.420% 5/15/28 100.09701,220.75
Standard & Poors Rating: AAA
Moodys Rating: N/A
14041NGD7 Asset Minor Code 31

Page 16 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
195
Caterpillar 1,000,000.000 966,060.00 983,820.00- 17,760.003,418.06 1.19 Finl Mtn 1.150% 9/14/2696.60604,760.00
Standard & Poors Rating: A
Moodys Rating: A2
14913R2Q9 Asset Minor Code 28
Caterpillar 110,000.000 110,834.90 109,701.901,133.001,002.60 4.34 Mtn 4.375% 8/16/29 100.7590822.80
Standard & Poors Rating: A
Moodys Rating: A2
14913UAQ3 Asset Minor Code 28
Cisco Sys Inc 1,000,000.000 1,024,780.00 999,650.0025,130.0016,840.28 4.73

4.850% 2/26/29 102.47804,910.00
Standard & Poors Rating: AA-
Moodys Rating: A1
17275RBR2 Asset Minor Code 28
Citibank N A 1,400,000.000 1,463,798.00 1,392,580.0071,218.0020,761.84 5.55 Sr 5.803% 9/29/28 104.55706,818.00
Standard & Poors Rating: A+
Moodys Rating: Aa3
17325FBB3 Asset Minor Code 28
Citibank N A.000.00.00.00.00 0.00

5.438% 4/30/26 100.7760- 2,012.50
Standard & Poors Rating: A+
Moodys Rating: Aa3
17325FBF4 Asset Minor Code 28
Citibank N A 1,140,000.000 1,161,888.00 1,146,954.0014,934.004,979.52 4.82

4.914% 5/29/30 101.920010,338.60
Standard & Poors Rating: A+
Moodys Rating: Aa3
17325FBP2 Asset Minor Code 28
Comcast 1,100,000.000 1,083,390.00 1,113,156.00- 29,766.009,075.00 3.35 Corporation 3.300% 4/01/2798.49003,212.00
Standard & Poors Rating: A-
Moodys Rating: A3
20030NDK4 Asset Minor Code 28

Page 17 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
196
1010101010101010101010110011010101010011
10100010000010000000
10011101001000011111
11010100001001011010
11000100100000000001
10110011000100110000
10010001110000000001
11010100001001011110
11000110011101001101
10000000101111001000
11001001101001101011
10000010101011010000
10100011010001000111
10001000111000111100
10001101001111101111
10110000110110110110
11011000111000110101
10101001101110011010
11111111111111111111
Cummins Inc 80,000.00080,362.4079,944.00418.40491.11 4.23

4.250% 5/09/28 100.4530229.60
Standard & Poors Rating: A
Moodys Rating: A2
231021AY2 Asset Minor Code 28
Deere John 800,000.000 772,168.00 795,488.00- 23,320.006,422.22 1.76 Mtn 1.700% 1/11/2796.52103,720.00
Standard & Poors Rating: A
Moodys Rating: A1
24422EWA3 Asset Minor Code 28
John Deere 375,000.000 379,503.75 374,733.754,770.006,061.98 5.09 Mtn 5.150% 9/08/26 101.2010393.75
Standard & Poors Rating: A
Moodys Rating: A1
24422EXD6 Asset Minor Code 28
Discover Card 1,565,000.000 1,574,562.15 1,565,733.598,828.563,429.09 4.90 Exe 4.930% 6/15/28 100.61101,330.25
Standard & Poors Rating: AAA
Moodys Rating: Aaa
254683CZ6 Asset Minor Code 31
Ford Credit 1,140,000.000 1,143,442.80 1,139,889.193,553.612,254.67 4.44 Auto 4.450% 10/15/29 100.30204,776.60
Standard & Poors Rating: AAA
Moodys Rating: Aaa
34535KAD0 Asset Minor Code 31
Gm Financial 265,000.000 266,425.70 264,960.991,464.71514.54 4.64 Consume 4.660% 4/16/30 100.53801,091.80
Standard & Poors Rating: AAA
Moodys Rating: Aaa
362549AD9 Asset Minor Code 31
Gm Fin Cons 10,160.57010,146.1410,159.69- 13.555.31 1.26 Auto 1.260% 11/16/2699.858044.09
Standard & Poors Rating: AAA
Moodys Rating: N/A
380146AC4 Asset Minor Code 31

Page 18 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
197
Goldman Sachs 1,400,000.000 1,390,690.00 1,353,009.0037,681.0023,206.94 3.88 Group 3.850% 1/26/2799.33502,996.00
Standard & Poors Rating: BBB+
Moodys Rating: A2
38141GWB6 Asset Minor Code 28
Hsbc USA Inc 1,140,000.000 1,148,994.60 1,139,959.209,035.404,123.00 4.61

4.650% 6/03/28 100.78905,791.20
Standard & Poors Rating: A-
Moodys Rating: A2
40428HR95 Asset Minor Code 28
Hershey Co 1,230,000.000 1,254,403.20 1,228,813.2025,590.0020,611.04 4.66

4.750% 2/24/30 101.98408,917.50
Standard & Poors Rating: A
Moodys Rating: A1
427866BL1 Asset Minor Code 28
Home Depot 1,400,000.000 1,364,230.00 1,284,290.0079,940.0011,651.11 2.87 Inc 2.800% 9/14/2797.44505,222.00
Standard & Poors Rating: A
Moodys Rating: A2
437076BT8 Asset Minor Code 28
Hyundai Auto 54,156.52054,066.0854,154.43- 88.3553.43 2.22 Rec 2.220% 10/15/2699.8330142.37
Standard & Poors Rating: AAA
Moodys Rating: N/A
448977AD0 Asset Minor Code 31
International 1,100,000.000 1,066,978.00 1,075,283.00- 8,305.009,545.56 2.27

2.200% 2/09/2796.99805,951.00
Standard & Poors Rating: A-
Moodys Rating: A3
459200KM2 Asset Minor Code 28
Jpmorgan 310,000.000 313,974.20 310,000.003,974.206,817.08 4.92 Chase Co 4.979% 7/22/28 101.28201,534.50
Standard & Poors Rating: A
Moodys Rating: A1
46647PEL6 Asset Minor Code 28

Page 19 of 53 ends

02687304
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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
198
1010101010101010101010110011010100010011
10100010000010000000
10011101001000000111
11010100001001011110
11000100100000101101
10110011000100101000
10010001110001110111
11010100001011101110
11000110011000100101
10000000101000001000
11001001100100010011
10000010000001000100
10100100001111001111
10001001011101110000
10001110010011011111
10100010011101110010
11010100011111011101
10101011101110011010
11111111111111111111
Lehman Brth 1,000,000.000400.001.00399.00.00 0.03 Mtn Es 0.00001% 1/24/13.0400.00
Standard & Poors Rating: N/A
Moodys Rating: N/A
525ESCIB7 Asset Minor Code 28
Mercedes Benz 1,000,000.000 1,013,210.00 1,006,679.696,530.312,124.44 4.72

4.780% 12/17/29 101.32103,960.00
Standard & Poors Rating: N/A
Moodys Rating: Aaa
58773DAD6 Asset Minor Code 31
National 1,000,000.000 1,015,930.00 1,015,470.00460.0014,133.33 4.72 Rural Mtn 4.800% 3/15/28 101.59303,780.00
Standard & Poors Rating: A-
Moodys Rating: A2
63743HFG2 Asset Minor Code 28
Natixis Ny 1,000,000.000 1,017,670.00 1,000,000.0017,670.0044,568.33 5.51 C D 5.610% 9/18/26 101.76701,790.00
63873QP65 Asset Minor Code 28
Nissan Auto 385,000.000 388,029.95 384,921.853,108.101,014.69 5.88 Lease 5.930% 3/15/28 100.7870- 334.95
Standard & Poors Rating: N/A
Moodys Rating: Aaa
65480MAD5 Asset Minor Code 31
Northern Tr 1,000,000.000 998,780.00 1,009,660.00- 10,880.005,666.67 4.00 Corp Sr 4.000% 5/10/2799.87801,950.00
Standard & Poors Rating: A+
Moodys Rating: A2
665859AW4 Asset Minor Code 28
Pnc Financial 1,000,000.000 983,930.00 996,020.00- 12,090.0011,411.11 2.64

2.600% 7/23/2698.39302,890.00
Standard & Poors Rating: A-
Moodys Rating: A3
693475AX3 Asset Minor Code 28

Page 20 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
199
Pnc Financial 575,000.000 575,839.50 574,902.25937.2511,779.35 4.75

4.758% 1/26/27 100.1460511.75
Standard & Poors Rating: A-
Moodys Rating: A3
693475BL8 Asset Minor Code 28
Pepsico Inc 1,500,000.000 1,527,705.00 1,492,275.0035,430.0027,600.00 4.52

4.600% 2/07/28 101.847011,970.00
Standard & Poors Rating: A+
Moodys Rating: A1
713448GB8 Asset Minor Code 28
Qualcomm Inc 850,000.000 859,001.50 853,570.005,431.504,250.00 4.45

4.500% 5/20/30 101.05905,431.50
Standard & Poors Rating: A
Moodys Rating: A2
747525BU6 Asset Minor Code 28
Roche 1,500,000.000 1,460,220.00 1,478,865.00- 18,645.0010,702.25 2.38 Holdings Inc 2.314% 3/10/2797.34806,345.00
Standard & Poors Rating: AA
Moodys Rating: Aa2
771196BV3 Asset Minor Code 28
Charles 850,000.000 826,047.00 807,457.5018,589.506,825.97 2.52 Schwab Corp 2.450% 3/03/2797.18202,660.50
Standard & Poors Rating: A-
Moodys Rating: A2
808513BY0 Asset Minor Code 28
State Str 980,000.000 989,839.20 980,548.809,290.4021,240.30 5.22 Corp 5.272% 8/03/26 101.0040176.40
Standard & Poors Rating: A
Moodys Rating: Aa3
857477CD3 Asset Minor Code 28
State Str 285,000.000 290,286.75 285,000.005,286.752,564.03 4.75 Corp 4.834% 4/24/30 101.85502,841.45
Standard & Poors Rating: A
Moodys Rating: Aa3
857477DB6 Asset Minor Code 28

Page 21 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
200
1010101010101010101010110011010011010011
10100010000010000000
10011101001000000111
11010100001001001010
11000100100001000001
10110011000100100000
10010001110011111001
11010100001110010000
11000110011011100101
10000000110001011000
11001001000000101011
10000011010110000000
10100100111010111111
10001100111110100000
10010101110111001011
10110101111000001010
11010001011101000101
10101010001110011010
11111111111111111111
Target Corp 1,215,000.000 1,176,849.00 1,216,964.50- 40,115.5010,924.88 2.01

1.950% 1/15/2796.86002,976.75
Standard & Poors Rating: A
Moodys Rating: A2
87612EBM7 Asset Minor Code 28
Texas 1,100,000.000 1,073,424.00 1,032,438.0040,986.005,139.44 2.97 Instruments 2.900% 11/03/2797.58405,016.00
Standard & Poors Rating: A+
Moodys Rating: Aa3
882508BC7 Asset Minor Code 28
Toyota Auto 575,000.000 578,536.25 574,967.053,569.201,219.00 4.74

4.770% 11/15/29 100.61501,960.75
Standard & Poors Rating: AAA
Moodys Rating: N/A
89231HAD8 Asset Minor Code 31
Toyota Mtr Cr.000.00.00.00.00 0.00
Mtn 1.125% 6/18/2697.054019,699.20
Standard & Poors Rating: A+
Moodys Rating: A1
89236TJK2 Asset Minor Code 28
Toyota Mtr 760,000.000 772,122.00 759,133.6012,988.404,661.33 4.72 Corp Mtn 4.800% 5/15/30 101.59507,562.00
Standard & Poors Rating: A+
Moodys Rating: A1
89236TNJ0 Asset Minor Code 28
Toyota Auto 615,000.000 620,836.35 614,999.635,836.721,489.67 5.40 Rec Own 5.450% 3/15/29 100.94901,223.85
Standard & Poors Rating: AAA
Moodys Rating: N/A
89237QAD2 Asset Minor Code 31
Unitedhealth 1,230,000.000 1,218,794.70 1,250,325.80- 31,531.105,815.17 3.73 Group 3.700% 5/15/2799.08907,084.80
Standard & Poors Rating: A+
Moodys Rating: A2
91324PEG3 Asset Minor Code 28

Page 22 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET ASSET DETAIL (continued)
201
Volkswagen 199,865.790 200,357.46 199,854.14503.32349.32 5.71 Auto Loan 5.720% 3/22/27 100.2460- 165.53
Standard & Poors Rating: N/A
Moodys Rating: Aaa
92867YAB0 Asset Minor Code 31
Volkswagen 940,000.000 946,984.20 939,968.047,016.161,292.50 4.47 Auto Ln 4.500% 8/20/29 100.74303,092.60
Standard & Poors Rating: N/A
Moodys Rating: Aaa
92868MAD1 Asset Minor Code 31
Walmart Inc 425,000.000 429,866.25 424,264.755,601.503,235.31 4.30

4.350% 4/28/30 101.14503,310.75
Standard & Poors Rating: AA
Moodys Rating: Aa2
931142FN8 Asset Minor Code 28
Wells Fargo 2,200,000.000 2,228,050.00 2,198,020.0030,030.0047,960.00 5.38 M T N 5.450% 8/07/26 101.27503,696.00
Standard & Poors Rating: A+
Moodys Rating: Aa2
94988J6D4 Asset Minor Code 28
Cooperatieve 1,150,000.000 1,172,482.50 1,149,241.0023,241.5026,373.33 4.71 Mtn 4.800% 1/09/29 101.95508,544.50
Standard & Poors Rating: A+
Moodys Rating: Aa2
21688ABC5 Asset Minor Code 35
National 1,400,000.000 1,429,638.00 1,427,650.001,988.0032,493.07 4.84 Australia 4.944% 1/12/28 102.11703,164.00
Standard & Poors Rating: AA-
Moodys Rating: Aa2
63253QAB0 Asset Minor Code 35

Page 23 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET Total Corporate Issues 55,249,182.880 54,276,541.78 53,831,830.60 444,711.18 519,741.39 4.11 190,025.08
ASSET DETAIL (continued)
Foreign Issues
202
1010101010101010101010110011010010010011
10100010000010000000
10011101001000011111
11010100001001001110
11000100100001101101
10110011000100111000
10010001110010001111
11010100001100100000
11000110011110001101
10000000110110011000
11001001001101010011
10000011111100010100
10100011100100110111
10001101011011101100
10010110101011111011
10100111010011001110
11011101111010101101
10101000001110011010
11111111111111111111
Timeoftradeexecutionandtradingparty(ifnotdisclosed)willbeprovideduponrequest.

Publiclytradedassetsarevaluedinaccordancewithmarketquotationsorvaluationmethodologiesfromfinancialindustryservicesbelievedbyustobereliable.Assetsthatarenot publiclytradedmaybereflectedatvaluesfromotherexternalsources.Assetsforwhichacurrentvalueisnotavailablemaybereflectedatapreviousvalueorasnotvalued,atparvalue, oratanominalvalue.Valuesshowndonotnecessarilyreflectpricesatwhichassetscouldbeboughtorsold.Valuesareupdatedbasedoninternalpolicyandmaybeupdatedless frequentlythanstatementgeneration.

Forfurtherinformation,pleasecontactyouraccountmanagerorrelationshipmanager.

Weprovideacashmanagementadministrativeserviceforthetemporaryinvestmentofprincipalandincomebalancesinyouraccount.Thefeeforprovidingthisservicewillnotexceed $0.42permonthforeach$1,000oftheaveragedailybalanceinvestedunderthecashmanagementadministrativeservice.Thechargeforthisservicehasbeendeductedfromyour account.

National Mtn 1,400,000.000 1,397,270.00 1,387,862.009,408.003,340.94 3.91

3.905% 6/09/2799.80505,376.00
Standard & Poors Rating: AA-
Moodys Rating: Aa2
63254ABE7 Asset Minor Code 35

Page 24 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)

SHARES/MARKETSINCE INCEPTION/ENDINGYIELD ON

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODACCRUALMARKET Total Foreign Issues 3,950,000.000 3,999,390.50 3,964,753.0034,637.5062,207.34 4.47 17,084.50
Total Assets 166,304,696.570 163,987,946.50 160,769,203.07 3,218,743.43 1,259,723.88 3.52 765,803.67
Accrued Income.000 1,259,723.88 1,259,723.88 Grand Total 166,304,696.570 165,247,670.38 162,028,926.95 ASSET DETAIL (continued)

ASSET DETAIL MESSAGES
203
YieldonMarketandAccruedIncomeareestimatesprovidedforinformationalpurposesonlyandshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.Theestimates maynotrepresenttheactualvalueearnedbyyourinvestmentsandtheyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Theassetcategoriesusedinthisstatementmaybegeneralinnature.Forexample,assetslistedunderthe"MutualFunds"categorymayincludeopen-endinvestmentcompanies registeredundertheInvestmentCompanyActof1940(whicharecommonlyknownas"mutualfunds")butmayalsoincludeclosed-endinvestmentcompanies,unitinvestmenttrusts, commontrustfunds,collectivetrustfundsorotherinvestmentsthatareregisteredwith(ornotsubjecttoregistrationwith)theSecuritiesandExchangeCommission.

Page 25 of 53 ends

02687304
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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025 ASSET DETAIL MESSAGES (continued)
204
1010101010101010101010110011010001010011
10100010000010000000
10011101001000010111
11010100001001010110
11000100100000001101
10110011000100010000
10010001110010011111
11010100001011101010
11000110011001011101
10000000111011110000
11001001011001110011
10000010000000111100
10100000011100011011
10001011111100101000
10011110100110100001
10110101000010011000
11001010011110010101
10101000101110011010
11111111111111111111
379,886.790First Am Govt Ob Fd Cl Y 0.041,759.05815.371,759.05815.37 31846V20307/01/25
3,900,000.000F H L B Deb 1.100% 8/20/2612,035.833,575.00.0015,610.83 3130ANMH0
996,506.590F N M A Gtd Remic 3.162% 6/25/272,543.982,710.962,629.152,625.79 3136AX7E9
1,084,176.470F N M A Gtd Remic 3.064% 9/25/272,685.252,856.472,773.462,768.26 3136AY6X6
1,408,825.330F N M A Gtd Remic 4.190% 7/25/284,908.884,929.724,919.454,919.15 3136BQDE6
770,000.000F H L M C Mltcl Mtg 3.413% 12/25/262,190.012,190.012,190.012,190.01 3137BUX60
885,000.000F H L M C Mltcl Mt 3.194% 7/25/272,355.582,355.582,355.582,355.58 3137FAWS3
1,000,000.000F H L M C Mltcl Mt 3.600% 1/25/283,000.003,000.003,000.003,000.00 3137F4D41
1,500,000.000F H L M C Mltcl 4.819% 6/25/286,023.756,023.756,023.756,023.75 3137HACX2
1,506,118.510F H L M C Mltcl Mt 4.777% 6/25/286,000.745,995.616,000.765,995.59 3137HAD45
1,500,000.000F H L M C Mltcl Mtg 4.650% 8/25/285,812.505,812.505,812.505,812.50 3137HAMH6
1,400,000.000F H L M C Mltcl 4.740% 8/25/285,530.005,530.005,530.005,530.00 3137HAQ74

Page 26 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Cash And Equivalents
Total Cash And Equivalents1,759.05815.371,759.05815.37
US Government Issues

INCOME ACCRUAL DETAIL
205
1,380,000.000F H L M C Mltcl 4.850% 9/25/285,577.505,577.505,577.505,577.50 3137HAST4
1,095,000.000F H L M C Mltcl Mtg 4.572% 12/25/284,171.954,171.954,171.954,171.95 3137HBLV4
670,000.000F H L M C Mltcl 5.069% 10/25/282,830.192,830.192,830.192,830.19 3137HB3D4
1,055,000.000F H L M C Mltcl Mtg 4.860% 10/25/284,272.754,272.754,272.754,272.75 3137HB3G7
1,000,000.000F H L M C Mltcl Mtg 5.180% 3/25/294,316.674,316.674,316.674,316.67 3137HCKV3
1,370,000.000F H L M C Mltcl Mtg 4.543% 7/25/295,186.595,186.595,186.595,186.59 3137HDXL9
535,000.000FHLMC Remic Series 0.00001% 6/25/29.002,009.822,009.82.00 3137HFNZ4
535,000.000FHLMC Remic Series 0.00001% 1/25/30.001,966.131,966.13.00 3137HKXJ8
4,000,000.000U S Treasury Nt 0.500% 10/31/271,739.131,630.44.003,369.57 91282CAU5
4,560,000.000U S Treasury Nt 1.250% 3/31/289,655.744,672.13.0014,327.87 91282CBS9
1,380,000.000U S Treasury Nt 1.250% 5/31/288,672.131,413.948,625.001,461.07 91282CCE9
.000U S Treasury Nt 0.750% 5/31/262,375.41154.922,530.33.00 91282CCF6
2,000,000.000U S Treasury Nt 1.250% 6/30/2810,497.242,070.6912,500.0067.93 91282CCH2
1,075,000.000U S Treasury Nt 0.625% 7/31/262,245.77556.80.002,802.57 91282CCP4

Page 27 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
206
1010101010101010101010110011010000010011
10100010000010000000
10011101001000001111
11010100001001010010
11000100100000100001
10110011000100001000
10010001110011101001
11010100001001011010
11000110011100110101
10000000111100110000
11001001010100001011
10000010101010101000
10100111000010010011
10001010011001100100
10011101111010010001
10100111101001011100
11000110111001111101
10101010101110011010
11111111111111111111
2,500,000.000U S Treasury Nt 0.875% 9/30/263,705.601,793.03.005,498.63 91282CCZ2
1,000,000.000U S Treasury Nt 1.125% 10/31/26978.26917.12.001,895.38 91282CDG3
2,400,000.000U S Treasury Nt 1.375% 12/31/2813,742.222,848.1916,500.0090.41 91282CDP3
3,000,000.000U S Treasury Nt 2.375% 3/31/2912,069.675,840.17.0017,909.84 91282CEE7
1,000,000.000U S Treasury Nt 2.875% 4/30/292,500.002,343.75.004,843.75 91282CEM9
1,000,000.000U S Treasury Nt 2.750% 4/30/272,391.302,241.85.004,633.15 91282CEN7
1,000,000.000U S Treasury Nt 3.250% 6/30/2913,646.412,691.9116,250.0088.32 91282CEV9
2,000,000.000U S Treasury Nt 2.625% 7/31/2917,548.344,350.83.0021,899.17 91282CFC0
3,000,000.000U S Treasury Nt 3.875% 9/30/2919,692.629,528.69.0029,221.31 91282CFL0
4,000,000.000U S Treasury Nt 4.125% 9/30/2728,027.4013,561.64.0041,589.04 91282CFM8
1,615,000.000U S Treasury Nt 4.000% 10/31/295,617.395,266.31.0010,883.70 91282CFT3
4,925,000.000U S Treasury Nt 3.500% 1/31/2857,617.0614,285.22.0071,902.28 91282CGH8
1,650,000.000U S Treasury Nt 3.750% 5/31/30.003,043.03- 2,197.755,240.78 91282CHF1
1,415,000.000U S Treasury Nt 4.375% 8/15/2618,127.245,130.36.0023,257.60 91282CHU8

Page 28 of 53 ends

02687304
55- -01-B -62 -185-04
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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
207
2,000,000.000U S Treasury Nt 4.625% 9/30/2815,669.407,581.97.0023,251.37 91282CJA0
3,225,000.000U S Treasury Nt 4.875% 10/31/2813,671.2012,816.74.0026,487.94 91282CJF9
2,170,000.000U S Treasury Nt 4.625% 11/15/264,636.318,181.73.0012,818.04 91282CJK8
1,000,000.000U S Treasury Nt 4.375% 12/15/2620,192.313,595.2621,875.001,912.57 91282CJP7
4,200,000.000U S Treasury Nt 4.000% 1/31/2956,154.7013,922.65.0070,077.35 91282CJW2
2,060,000.000U S Treasury Nt 4.250% 3/15/2718,556.797,137.23.0025,694.02 91282CKE0
2,635,000.000U S Treasury Nt 4.125% 10/31/269,451.638,860.90.0018,312.53 91282CLS8
4,100,000.000U S Treasury Nt 4.375% 12/31/2975,317.6814,861.2689,687.50491.44 91282CMD0
3,200,000.000U S Treasury Nt 4.250% 1/31/3045,458.5611,270.72.0056,729.28 91282CMG3
1,300,000.000U S Treasury Nt 1.125% 2/28/273,695.991,192.26.004,888.25 912828ZB9
2,500,000.000U S Treasury Nt 2.250% 8/15/2716,470.994,661.61.0021,132.60 9128282R0
2,575,000.000U S Treasury Nt 2.250% 11/15/272,676.464,723.17.007,399.63 9128283F5
1,900,000.000U S Treasury Nt 2.750% 2/15/2815,299.724,330.11.0019,629.83 9128283W8
3,850,000.000U S Treasury Nt 3.125% 11/15/285,557.919,808.09.0015,366.00 9128285M8

Page 29 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
208
1010101010101010101010110011010111010011
10100010000010000000
10011101001000011111
11010100001001011110
11000100100001010101
10110011000101000100
10010001110101001011
11010100001001001100
11000110010111110101
10000000101001111000
11001000110000000011
10000010101010100100
10100011110101101111
10001001101001011000
10000000000101011011
10101011101101111000
11010110111111001101
10101001001010110010
11111111111111111111
2,900,000.000U S Treasury Nt 2.625% 2/15/2922,290.756,308.70.0028,599.45 9128286B1
1,150,000.000Adobe Inc 4.950% 1/17/3021,188.754,743.75.0025,932.50 00724PAJ8
.000Amazon Com 3.300% 4/13/275,280.001,320.006,600.00.00 023135CF1
1,000,000.000American Express Co 1.650% 11/04/261,237.501,375.00.002,612.50 025816CM9
1,285,000.000American Express 4.870% 5/15/282,781.315,214.965,214.962,781.31 02582JJZ4
1,200,000.000American Honda Mtn 1.300% 9/09/263,553.331,300.00.004,853.33 02665WDZ1
500,000.000Analog Devices Inc 1.700% 10/01/281,416.67708.33.002,125.00 032654AU9
1,630,000.000Bank Of America 4.790% 5/15/283,470.096,506.426,506.423,470.09 05522RDG0
1,260,000.000Bank Of America 4.930% 5/15/292,760.805,176.505,176.502,760.80 05522RDJ4
500,000.000Bmw US Cap LLC Extnd 1.250% 8/12/261,892.36520.83.002,413.19 05565EBW4
700,000.000Bmw US Cap LLC 5.050% 8/11/2810,801.392,945.83.0013,747.22 05565ECE3
945,000.000Bmw US Cap LLC 4.600% 8/13/2713,041.003,622.50.0016,663.50 05565ECQ6
225,000.000BofA Auto Trust 20 1.160% 11/20/2979.75815.63815.6379.75 05594BAD8

Page 30 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total US Government Issues 635,391.50 278,904.62 237,336.34 676,959.78 Corporate Issues
INCOME ACCRUAL DETAIL (continued)
209
.000Bank Amer Corp Mtn 3.875% 8/01/252,583.33258.342,841.67.00 06051GFS3
1,025,000.000Bank America Mtn 5.080% 1/20/2718,947.694,339.17.0023,286.86 06051GLE7
1,375,000.000Bank Of America 5.740% 6/15/283,507.786,577.086,577.083,507.78 06054YAC1
1,525,000.000Bank New York Mtn 4.729% 4/20/297,812.706,009.77.0013,822.47 06405LAH4
95,000.000Blackrock Funding 4.700% 3/14/29955.01372.09.001,327.10 09290DAA9
745,000.000Bmw Vehicle 4.850% 9/25/29602.212,831.002,831.00602.21 096924AD7
1,285,000.000Capital One Multi 4.420% 5/15/282,524.314,733.084,733.082,524.31 14041NGD7
1,000,000.000Caterpillar Finl Mtn 1.150% 9/14/262,459.72958.34.003,418.06 14913R2Q9
110,000.000Caterpillar Mtn 4.375% 8/16/29601.56401.04.001,002.60 14913UAQ3
1,000,000.000Cisco Sys Inc 4.850% 2/26/2912,798.614,041.67.0016,840.28 17275RBR2
1,400,000.000Citibank N A Sr 5.803% 9/29/2813,991.686,770.16.0020,761.84 17325FBB3
.000Citibank N A 5.438% 4/30/261,170.68453.171,623.85.00 17325FBF4
1,140,000.000Citibank N A 4.914% 5/29/30147.423,685.50- 1,146.604,979.52 17325FBP2
1,100,000.000Comcast Corporation 3.300% 4/01/276,050.003,025.00.009,075.00 20030NDK4

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02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
210
1010101010101010101010110011010110010011
10100010000010000000
10011101001000000111
11010100001001011010
11000100100001111001
10110011000101011100
10010001110100111101
11010100001011111100
11000110010010011101
10000000101110111000
11001000111101111011
10000010000000110000
10100100101011100111
10001000001100010100
10000011011001101011
10111001000110111100
11011010011000100101
10101011001010110010
11111111111111111111
80,000.000Cummins Inc 4.250% 5/09/28207.78283.33.00491.11 231021AY2
800,000.000Deere John Mtn 1.700% 1/11/275,288.891,133.33.006,422.22 24422EWA3
375,000.000John Deere Mtn 5.150% 9/08/264,452.601,609.38.006,061.98 24422EXD6
1,565,000.000Discover Card Exe 4.930% 6/15/283,429.096,429.546,429.543,429.09 254683CZ6
1,140,000.000Ford Credit Auto 4.450% 10/15/292,254.674,227.504,227.502,254.67 34535KAD0
265,000.000Gm Financial Consume 4.660% 4/16/30583.15939.571,008.18514.54 362549AD9
10,160.570Gm Fin Cons Auto 1.260% 11/16/2611.6517.0023.345.31 380146AC4
1,400,000.000Goldman Sachs Group 3.850% 1/26/2718,715.284,491.66.0023,206.94 38141GWB6
1,140,000.000Hsbc USA Inc 4.650% 6/03/28.004,123.00.004,123.00 40428HR95
1,230,000.000Hershey Co 4.750% 2/24/3015,742.294,868.75.0020,611.04 427866BL1
1,400,000.000Home Depot Inc 2.800% 9/14/278,384.443,266.67.0011,651.11 437076BT8
54,156.520Hyundai Auto Rec 2.220% 10/15/2686.18128.84161.5953.43 448977AD0
1,100,000.000International 2.200% 2/09/277,528.892,016.67.009,545.56 459200KM2
310,000.000Jpmorgan Chase Co 4.979% 7/22/285,530.841,286.24.006,817.08 46647PEL6

Page 32 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
211
1,000,000.000Mercedes Benz 4.780% 12/17/292,124.443,983.333,983.332,124.44 58773DAD6
1,000,000.000National Rural Mtn 4.800% 3/15/2810,133.334,000.00.0014,133.33 63743HFG2
1,000,000.000Natixis Ny C D 5.610% 9/18/2639,893.334,675.00.0044,568.33 63873QP65
385,000.000Nissan Auto Lease 5.930% 3/15/281,014.691,902.541,902.541,014.69 65480MAD5
1,000,000.000Northern Tr Corp Sr 4.000% 5/10/272,333.333,333.34.005,666.67 665859AW4
1,000,000.000Pnc Financial 2.600% 7/23/269,244.442,166.67.0011,411.11 693475AX3
575,000.000Pnc Financial 4.758% 1/26/279,499.482,279.87.0011,779.35 693475BL8
1,500,000.000Pepsico Inc 4.600% 2/07/2821,850.005,750.00.0027,600.00 713448GB8
850,000.000Qualcomm Inc 4.500% 5/20/30.001,912.50- 2,337.504,250.00 747525BU6
1,500,000.000Roche Holdings Inc 2.314% 3/10/277,809.752,892.50.0010,702.25 771196BV3
850,000.000Charles Schwab Corp 2.450% 3/03/275,090.561,735.41.006,825.97 808513BY0
980,000.000State Str Corp 5.272% 8/03/2616,934.844,305.46.0021,240.30 857477CD3
285,000.000State Str Corp 4.834% 4/24/301,415.961,148.07.002,564.03 857477DB6
1,215,000.000Target Corp 1.950% 1/15/278,950.501,974.38.0010,924.88 87612EBM7

Page 33 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL INCOME ACCRUAL DETAIL (continued)
212
1010101010101010101010110011010101010011
10100010000010000000
10011101001000001111
11010100001001000010
11000100100000011001
10110011000101110100
10010001110100101101
11010100001100110110
11000110010101001101
10000000100011010000
11001000101001011011
10000011111100011000
10100111010011001011
10001110101011010000
10001011010100110001
10101011010111101010
11001101111100011101
10101011101010110010
11111111111111111111
1,100,000.000Texas Instruments 2.900% 11/03/272,481.112,658.33.005,139.44 882508BC7
575,000.000Toyota Auto 4.770% 11/15/291,219.002,079.582,079.581,219.00 89231HAD8
.000Toyota Mtr Cr Mtn 1.125% 6/18/263,260.00240.003,500.00.00 89236TJK2
760,000.000Toyota Mtr Corp Mtn 4.800% 5/15/301,621.333,040.00.004,661.33 89236TNJ0
615,000.000Toyota Auto Rec Own 5.450% 3/15/291,489.672,501.002,501.001,489.67 89237QAD2
1,230,000.000Unitedhealth Group 3.700% 5/15/272,022.673,792.50.005,815.17 91324PEG3
199,865.790Volkswagen Auto Loan 5.720% 3/22/27423.811,081.371,155.86349.32 92867YAB0
940,000.000Volkswagen Auto Ln 4.500% 8/20/291,292.503,525.003,525.001,292.50 92868MAD1
425,000.000Walmart Inc 4.350% 4/28/301,694.691,540.62.003,235.31 931142FN8
2,200,000.000Wells Fargo M T N 5.450% 8/07/2637,968.339,991.67.0047,960.00 94988J6D4
1,150,000.000Cooperatieve Mtn 4.800% 1/09/2921,773.334,600.00.0026,373.33 21688ABC5
1,400,000.000National Australia 4.944% 1/12/2826,725.075,768.00.0032,493.07 63253QAB0
1,400,000.000National Mtn 3.905% 6/09/2726,120.114,555.8327,335.003,340.94 63254ABE7

Page 34 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total Corporate Issues 403,639.16 186,035.7869,933.55 519,741.39 Foreign Issues
INCOME ACCRUAL DETAIL (continued)
213

Page 35 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total Foreign Issues74,618.5114,923.8327,335.0062,207.34 Grand Total 1,115,408.22 480,679.60 336,363.94 1,259,723.88 INCOME ACCRUAL DETAIL (continued)
214
1010101010101010101010110011010100010011
10100010000010000000
10011101001000010111
11010100001001000110
11000100100000110101
10110011000101101100
10010001110101011011
11010100001110000110
11000110010000100101
10000000100100010000
11001000100100100011
10000011010110001100
10100000001101000011
10001111001110011100
10001000001000000001
10111001111100101110
11000001011011110101
10101001101010110010
11111111111111111111
06/13/2025Received Accrued Interest On Sale Of6,600.00
Amazon Com 3.300% 4/13/27
Income Credit 6,600.00 USD
06/16/2025American Express 4.870% 5/15/285,214.96
$0.00406/Pv On 1,285,000.00 Pv Due 6/15/25
06/13/2025Received Accrued Interest On Sale Of2,841.67
Bank Amer Corp Mtn 3.875% 8/01/25
Income Credit 2,841.67 USD
06/16/2025Bank Of America 4.790% 5/15/286,506.42
$0.00399/Pv On 1,630,000.00 Pv Due 6/15/25
06/16/2025Bank Of America 4.930% 5/15/295,176.50
$0.00411/Pv On 1,260,000.00 Pv Due 6/15/25
06/16/2025Bank Of America 5.740% 6/15/286,577.08
$0.00478/Pv On 1,375,000.00 Pv Due 6/15/25

Page 36 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
Interest
Amazon Com 3.300% 4/13/27
023135Cf1
American Express 4.870% 5/15/28
02582Jjz4
Bank Amer Corp Mtn 3.875% 8/01/25
06051Gfs3
Bank Of America 4.790% 5/15/28
05522Rdg0
Bank Of America 4.930% 5/15/29
05522Rdj4
Bank Of America 5.740% 6/15/28
06054Yac1
Bmw Vehicle 4.850% 9/25/29
096924Ad7

INVESTMENT ACTIVITY
215
06/25/2025Bmw Vehicle 4.850% 9/25/292,831.00
$0.00380/Pv On 745,000.00 Pv Due 6/25/25
06/20/2025BofA Auto Trust 20 1.160% 11/20/29815.63
$0.00363/Pv On 225,000.00 Pv Due 6/20/25
06/16/2025Capital One Multi 4.420% 5/15/284,733.08
$0.00368/Pv On 1,285,000.00 Pv Due 6/15/25
06/13/2025Paid Accrued Interest On Purchase Of- 1,146.60 Citibank N A 4.914% 5/29/30
Income Debit 1,146.60- USD
06/13/2025Received Accrued Interest On Sale Of1,623.85
Citibank N A 5.438% 4/30/26
Income Credit 1,623.85 USD
06/16/2025Discover Card Exe 4.930% 6/15/286,429.54
$0.00411/Pv On 1,565,000.00 Pv Due 6/15/25
06/25/2025F H L M C Mltcl 4.740% 8/25/285,530.00
$0.00395/Pv On 1,400,000.00 Pv Due 6/25/25

Page 37 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
BofA Auto Trust 20 1.160% 11/20/29
05594Bad8
Capital One Multi 4.420% 5/15/28
14041Ngd7
Citibank N A 4.914% 5/29/30
17325Fbp2
Citibank N A 5.438% 4/30/26
17325Fbf4
Discover Card Exe 4.930% 6/15/28
254683CZ6
F H L M C Mltcl 4.740% 8/25/28
3137Haq74
F H L M C Mltcl 4.819% 6/25/28
3137Hacx2
INVESTMENT ACTIVITY (continued)
216
1010101010101010101010110011010011010011
10100010000010000000
10011101001000010111
11010100001001010010
11000100100001011001
10110011000101100100
10010001110111010101
11010100001011111000
11000110010011100101
10000000111101000000
11001000000000011011
10000010000001001000
10100000111000110011
10001010101101001100
10010011101100010101
10101110011001010110
11000100011001101101
10101000001010110010
11111111111111111111
06/25/2025F H L M C Mltcl 4.819% 6/25/286,023.75
$0.00402/Pv On 1,500,000.00 Pv Due 6/25/25
06/25/2025F H L M C Mltcl 4.850% 9/25/285,577.50
$0.00404/Pv On 1,380,000.00 Pv Due 6/25/25
06/25/2025F H L M C Mltcl 5.069% 10/25/282,830.19
$0.00422/Pv On 670,000.00 Pv Due 6/25/25
06/25/2025F H L M C Mltcl Mt 3.194% 7/25/272,355.58
$0.00266/Pv On 885,000.00 Pv Due 6/25/25
06/25/2025F H L M C Mltcl Mt 3.600% 1/25/283,000.00
$0.00300/Pv On 1,000,000.00 Pv Due 6/25/25
06/25/2025F H L M C Mltcl Mt 4.777% 6/25/286,000.76
$0.00398/Pv On 1,507,412.51 Pv Due 6/25/25
06/25/2025F H L M C Mltcl Mtg 3.413% 12/25/262,190.01
$0.00284/Pv On 770,000.00 Pv Due 6/25/25
06/25/2025F H L M C Mltcl Mtg 4.543% 7/25/295,186.59
$0.00379/Pv On 1,370,000.00 Pv Due 6/25/25

Page 38 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
F H L M C Mltcl 4.850% 9/25/28
3137Hast4
F H L M C Mltcl 5.069% 10/25/28
3137Hb3D4
F H L M C Mltcl Mt 3.194% 7/25/27
3137Faws3
F H L M C Mltcl Mt 3.600% 1/25/28
3137F4D41
F H L M C Mltcl Mt 4.777% 6/25/28
3137Had45
F H L M C Mltcl Mtg 3.413% 12/25/26
3137Bux60
F H L M C Mltcl Mtg 4.543% 7/25/29
3137Hdxl9
INVESTMENT ACTIVITY (continued)
217
06/25/2025F H L M C Mltcl Mtg 4.572% 12/25/284,171.95
$0.00381/Pv On 1,095,000.00 Pv Due 6/25/25
06/25/2025F H L M C Mltcl Mtg 4.650% 8/25/285,812.50
$0.00388/Pv On 1,500,000.00 Pv Due 6/25/25
06/25/2025F H L M C Mltcl Mtg 4.860% 10/25/284,272.75
$0.00405/Pv On 1,055,000.00 Pv Due 6/25/25
06/25/2025F H L M C Mltcl Mtg 5.180% 3/25/294,316.67
$0.00432/Pv On 1,000,000.00 Pv Due 6/25/25
06/25/2025F N M A Gtd Remic 3.064% 9/25/272,773.46
$0.00255/Pv On 1,086,046.22 Pv Due 6/25/25
06/25/2025F N M A Gtd Remic 3.162% 6/25/272,629.15
$0.00264/Pv On 997,639.86 Pv Due 6/25/25
06/25/2025F N M A Gtd Remic 4.190% 7/25/284,919.45
$0.00349/Pv On 1,408,911.87 Pv Due 6/25/25

Page 39 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
F H L M C Mltcl Mtg 4.572% 12/25/28
3137Hblv4
F H L M C Mltcl Mtg 4.650% 8/25/28
3137Hamh6
F H L M C Mltcl Mtg 4.860% 10/25/28
3137Hb3G7
F H L M C Mltcl Mtg 5.180% 3/25/29
3137Hckv3
F N M A Gtd Remic 3.064% 9/25/27
3136Ay6X6
F N M A Gtd Remic 3.162% 6/25/27
3136Ax7E9
F N M A Gtd Remic 4.190% 7/25/28
3136Bqde6
FHLMC Remic Series 0.00001% 1/25/30
3137Hkxj8
INVESTMENT ACTIVITY (continued)
218
1010101010101010101010110011010010010011
10100010000010000000
10011101001000001111
11010100001001010110
11000100100001110101
10110011000101111100
10010001110110100011
11010100001001001000
11000110010110001101
10000000111010000000
11001000001101100011
10000010101011011100
10100111100110111011
10001011001000000000
10010000110000100101
10111100110010010010
11001000111110000101
10101010001010110010
11111111111111111111
06/25/2025FHLMC Remic Series 0.00001% 1/25/301,966.13
$0.00368/Pv On 535,000.00 Pv Due 6/25/25
06/25/2025FHLMC Remic Series 0.00001% 6/25/292,009.82
$0.00376/Pv On 535,000.00 Pv Due 6/25/25
06/02/2025Interest From 5/1/25 To 5/31/251,759.05
06/16/2025Ford Credit Auto 4.450% 10/15/294,227.50
$0.00371/Pv On 1,140,000.00 Pv Due 6/15/25
06/16/2025Gm Fin Cons Auto 1.260% 11/16/2623.34
$0.00105/Pv On 22,226.72 Pv Due 6/16/25
06/16/2025Gm Financial Consume 4.660% 4/16/301,008.18
$0.00380/Pv On 265,000.00 Pv Due 6/16/25
06/16/2025Hyundai Auto Rec 2.220% 10/15/26161.59
$0.00185/Pv On 87,347.97 Pv Due 6/15/25
06/16/2025Mercedes Benz 4.780% 12/17/293,983.33
$0.00398/Pv On 1,000,000.00 Pv Due 6/15/25

Page 40 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
FHLMC Remic Series 0.00001% 6/25/29
3137Hfnz4
First Am Govt Ob Fd Cl Y
31846V203
Ford Credit Auto 4.450% 10/15/29
34535Kad0
Gm Fin Cons Auto 1.260% 11/16/26
380146Ac4
Gm Financial Consume 4.660% 4/16/30
362549Ad9
Hyundai Auto Rec 2.220% 10/15/26
448977Ad0
Mercedes Benz 4.780% 12/17/29
58773Dad6
INVESTMENT ACTIVITY (continued)
219
06/10/2025National Mtn 3.905% 6/09/2727,335.00

0.019525 USD/$1 Pv On 1,400,000 Par Value Due 6/10/25
06/16/2025Nissan Auto Lease 5.930% 3/15/281,902.54
$0.00494/Pv On 385,000.00 Pv Due 6/15/25
06/13/2025Paid Accrued Interest On Purchase Of- 2,337.50 Qualcomm Inc 4.500% 5/20/30
Income Debit 2,337.50- USD
06/16/2025Toyota Auto 4.770% 11/15/292,079.58
$0.00362/Pv On 575,000.00 Pv Due 6/15/25
06/16/2025Toyota Auto Rec Own 5.450% 3/15/292,501.00
$0.00407/Pv On 615,000.00 Pv Due 6/15/25
06/13/2025Received Accrued Interest On Sale Of3,500.00
Toyota Mtr Cr Mtn 1.125% 6/18/26
Income Credit 3,500.00 USD
06/02/2025U S Treasury Nt 0.750% 5/31/262,362.50

0.00375 USD/$1 Pv On 630,000 Par Value Due 5/31/25

Page 41 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
National Mtn 3.905% 6/09/27
63254Abe7
Nissan Auto Lease 5.930% 3/15/28
65480Mad5
Qualcomm Inc 4.500% 5/20/30
747525Bu6
Toyota Auto 4.770% 11/15/29
89231Had8
Toyota Auto Rec Own 5.450% 3/15/29
89237Qad2
Toyota Mtr Cr Mtn 1.125% 6/18/26
89236Tjk2
U S Treasury Nt 0.750% 5/31/26
91282Ccf6
INVESTMENT ACTIVITY (continued)
220
1010101010101010101010110011010001010011
10100010000010000000
10011101001000000111
11010100001001001110
11000100100000010101
10110011000101010100
10010001110110110011
11010100001110000010
11000110010001011101
10000000110111101000
11001000011001000011
10000011010111110100
10100100011110010111
10001101101111000100
10011000111101111111
10101110100011000100
11011111011010111101
10101010101010110010
11111111111111111111
06/13/2025Received Accrued Interest On Sale Of167.83
U S Treasury Nt 0.750% 5/31/26
Income Credit 167.83 USD
06/02/2025U S Treasury Nt 1.250% 5/31/288,625.00

0.00625 USD/$1 Pv On 1,380,000 Par Value Due 5/31/25
06/30/2025U S Treasury Nt 1.250% 6/30/2812,500.00

0.00625 USD/$1 Pv On 2,000,000 Par Value Due 6/30/25
06/30/2025U S Treasury Nt 1.375% 12/31/2816,500.00

0.006875 USD/$1 Pv On 2,400,000 Par Value Due 6/30/25
06/30/2025U S Treasury Nt 3.250% 6/30/2916,250.00

0.01625 USD/$1 Pv On 1,000,000 Par Value Due 6/30/25
06/13/2025Paid Accrued Interest On Purchase Of- 2,197.75 U S Treasury Nt 3.750% 5/31/30
Income Debit 2,197.75- USD
06/16/2025U S Treasury Nt 4.375% 12/15/2621,875.00

0.021875 USD/$1 Pv On 1,000,000 Par Value Due 6/15/25

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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
Total U S Treasury Nt 0.750% 5/31/262,530.33
U S Treasury Nt 1.250% 5/31/28
91282Cce9
U S Treasury Nt 1.250% 6/30/28
91282Cch2
U S Treasury Nt 1.375% 12/31/28
91282Cdp3
U S Treasury Nt 3.250% 6/30/29
91282Cev9
U S Treasury Nt 3.750% 5/31/30
91282CHF1
U S Treasury Nt 4.375% 12/15/26
91282Cjp7
INVESTMENT ACTIVITY (continued)
221
06/30/2025U S Treasury Nt 4.375% 12/31/2989,687.50

0.021875 USD/$1 Pv On 4,100,000 Par Value Due 6/30/25
06/20/2025Volkswagen Auto Ln 4.500% 8/20/293,525.00
$0.00375/Pv On 940,000.00 Pv Due 6/20/25
06/20/2025Volkswagen Auto Loan 5.720% 3/22/271,155.86
$0.00477/Pv On 242,487.47 Pv Due 6/20/25

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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
U S Treasury Nt 4.375% 12/31/29
91282Cmd0
Volkswagen Auto Ln 4.500% 8/20/29
92868Mad1
Volkswagen Auto Loan 5.720% 3/22/27
92867Yab0
Total Interest 336,363.94
INVESTMENT ACTIVITY (continued)
222
1010101010101010101010110011010000010011
10100010000010000000
10011101001000011111
11010100001001001010
11000100100000111001
10110011000101001100
10010001110111000101
11010100001100110010
11000110010100110101
10000000110000101000
11001000010100111011
10000011111101100000
10100011000000011111
10001100001010001000
10011011100001001111
10111100001000000000
11010011111101010101
10101000101010110010
11111111111111111111
06/26/2025Collected- 674.87
Charged For Period 05/01/2025 Thru 05/31/2025

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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
Trust Fees
Trust Fees
Total Trust Fees- 674.87
Total Trust Fees- 674.87
Total Plan Expenses- 674.87

PLAN EXPENSES
223
06/02/2025Purchased 10,987.500.00- 10,987.5010,987.50 10,987.5 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/2/25
31846V203
06/10/2025Purchased 27,335 27,335.000.00- 27,335.0027,335.00 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/10/25
31846V203
06/16/2025Purchased 107,718.520.00- 107,718.52 107,718.52 107,718.52 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/16/25
31846V203
06/16/2025Purchased 9,938.720.00- 9,938.729,938.72 9,938.72 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/16/25
31846V203
06/20/2025Purchased 48,118.170.00- 48,118.1748,118.17 48,118.17 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/20/25
31846V203
06/25/2025Purchased 16,242.620.00- 16,242.6216,242.62 16,242.62 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/25/25
31846V203
06/25/2025Purchased 62,538.200.00- 62,538.2062,538.20 62,538.2 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/25/25
31846V203

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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Cash And Equivalents

PURCHASES
224
1010101010101010101010110011010111010011
10100010000010000000
10011101001000000111
11010100001001000110
11000100100001101001
10110011000100001100
10010001110010101101
11010100001011100100
11000110001010011101
10000000111101111000
11001001010001010011
10000010000111101000
10100100100011001111
10001111011111101000
10001111100010100001
10100110001111010110
11001011111011111101
10101001100110001010
11111111111111111111
06/30/2025Purchased 134,937.500.00- 134,937.50 134,937.50 134,937.5 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/30/25
31846V203
06/12/2025Purchased 1,650,000.000.00- 1,632,791.02 1,632,791.02 1,650,000 Par Value Of
U S Treasury Nt 3.750% 5/31/30
Trade Date 6/12/25
Purchased Through Citigroup Global Markets Inc.

Swift External Ref#: Djcaxnzzaaayzaaa
1,650,000 Par Value At 98.95703152 %
91282CHF1
06/12/2025Purchased 600,000.000.00- 606,954.00 606,954.00 600,000 Par Value Of
Citibank N A 4.914% 5/29/30
Trade Date 6/12/25
Purchased Through BofA Securities, Inc.

Swift External Ref#: Djcaxn2Zaaayzaaa
600,000 Par Value At 101.159 %
17325FBP2

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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total First Am Govt Ob Fd Cl Y 417,816.230.00- 417,816.23 417,816.23 Total Cash And Equivalents 417,816.230.00- 417,816.23 417,816.23 US Government Issues
Total U S Treasury Nt 3.750% 5/31/30 1,650,000.000.00- 1,632,791.02 1,632,791.02 Total Government Issues 1,650,000.000.00- 1,632,791.02 1,632,791.02 Corporate Issues
Total Citibank N A 4.914% 5/29/30 600,000.000.00- 606,954.00 606,954.00 PURCHASES (continued)
225
06/12/2025Purchased 850,000.000.00- 853,570.00 853,570.00 850,000 Par Value Of
Qualcomm Inc 4.500% 5/20/30
Trade Date 6/12/25
Purchased Through BofA Securities, Inc.

Swift External Ref#: Djcaxn2caaayzaaa
850,000 Par Value At 100.42 %
747525BU6

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02687304
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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Qualcomm Inc 4.500% 5/20/30 850,000.000.00- 853,570.00 853,570.00 Total Corporate Issues 1,450,000.000.00- 1,460,524.00 1,460,524.00 Total Purchases 3,517,816.230.00- 3,511,131.25 3,511,131.25 PURCHASES (continued)
226
1010101010101010101010110011010110010011
10100010000010000000
10011101001000011111
11010100001001000010
11000100100001000101
10110011000100010100
10010001110011011011
11010100001001010100
11000110001111110101
10000000111010111000
11001001011100101011
10000010101101111100
10100011111101000111
10001110111010100100
10001100111110010001
10110100100100010010
11000111011100010101
10101011100110001010
11111111111111111111
06/03/2025Sold- 1,138,200.150.00 1,138,200.15- 1,138,200.15.00 1,138,200.15 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/3/25
31846V203
06/13/2025Sold- 219,946.400.00 219,946.40- 219,946.40.00 219,946.4 Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/13/25
31846V203
06/26/2025Sold 674.87- 674.870.00674.87- 674.87.00
Units Of
First Am Govt Ob Fd Cl Y
Trade Date 6/26/25
31846V203
06/25/2025Paid Down- 1,294.000.001,294.00- 1,293.97.03
1,294 Par Value Of
F H L M C Mltcl Mt 4.777% 6/25/28
Trade Date 6/25/25
3137HAD45
06/25/2025Paid Down- 1,869.750.001,869.75- 1,741.13128.62 1,869.75 Par Value Of
F N M A Gtd Remic 3.064% 9/25/27
Trade Date 6/25/25
3136AY6X6

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02687304
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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Cash And Equivalents
Total First Am Govt Ob Fd Cl Y- 1,358,821.420.00 1,358,821.42- 1,358,821.42.00 Total Cash And Equivalents- 1,358,821.420.00 1,358,821.42- 1,358,821.42.00 US Government Issues
Total F H L M C Mltcl Mt 4.777% 6/25/28- 1,294.000.001,294.00- 1,293.97.03

SALES AND MATURITIES
227
06/25/2025Paid Down- 1,133.270.001,133.27- 1,059.5673.71 1,133.27 Par Value Of
F N M A Gtd Remic 3.162% 6/25/27
Trade Date 6/25/25
3136AX7E9
06/25/2025Paid Down- 86.540.0086.54- 85.071.47

86.54 Par Value Of
F N M A Gtd Remic 4.190% 7/25/28
Trade Date 6/25/25
3136BQDE6
06/12/2025Sold- 630,000.000.00 610,091.02- 617,641.79- 7,550.77 630,000 Par Value Of
U S Treasury Nt 0.750% 5/31/26
Trade Date 6/12/25
Sold Through Wells Fargo Securities, LLC
Swift External Ref#: Djcaxnz2Aaayzaaa
630,000 Par Value At 96.83984444 %
91282CCF6

Page 49 of 53 ends

02687304
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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Total F N M A Gtd Remic 3.064% 9/25/27- 1,869.750.001,869.75- 1,741.13128.62 Total F N M A Gtd Remic 3.162% 6/25/27- 1,133.270.001,133.27- 1,059.5673.71 Total F N M A Gtd Remic 4.190% 7/25/28- 86.540.0086.54- 85.071.47 Total U S Treasury Nt 0.750% 5/31/26- 630,000.000.00 610,091.02- 617,641.79- 7,550.77 Total Government Issues- 634,383.560.00 614,474.58- 621,821.52- 7,346.94 Corporate Issues
SALES AND MATURITIES (continued)
228
1010101010101010101010110011010101010011
10100010000010000000
10011101001000010111
11010100001001011010
11000100100000100101
10110011000100111100
10010001110011001011
11010100001110011110
11000110001000100101
10000000110111010000
11001001001000001011
10000011010001010100
10100000000101101011
10001000011101100000
10000100110011001011
10100110110101000100
11010000111000101101
10101011000110001010
11111111111111111111
06/12/2025Sold- 1,200,000.000.00 1,183,416.00- 1,122,468.0060,948.00 1,200,000 Par Value Of
Amazon Com 3.300% 4/13/27
Trade Date 6/12/25
Sold Through Barclays Capital Inc. Fixed In
Swift External Ref#: Djcaxn51Aaayzaaa
1,200,000 Par Value At 98.618 %
023135CF1
06/12/2025Sold- 200,000.000.00 199,764.00- 226,820.00- 27,056.00 200,000 Par Value Of
Bank Amer Corp Mtn 3.875% 8/01/25
Trade Date 6/12/25
Sold Through Goldman Sachs & Co. LLC
Swift External Ref#: Djcaxn57Aaayzaaa
200,000 Par Value At 99.882 %
06051GFS3
06/12/2025Sold- 250,000.000.00 251,852.50- 250,000.001,852.50 250,000 Par Value Of
Citibank N A 5.438% 4/30/26
Trade Date 6/12/25
Sold Through Bank Of New York
Swift External Ref#: Djcaxn54Aaayzaaa
250,000 Par Value At 100.741 %
17325FBF4
06/16/2025Paid Down- 12,066.150.0012,066.15- 12,065.101.05 12,066.15 Par Value Of
Gm Fin Cons Auto 1.260% 11/16/26
Trade Date 6/16/25
380146AC4

Page 50 of 53 ends

02687304
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CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Total Amazon Com 3.300% 4/13/27- 1,200,000.000.00 1,183,416.00- 1,122,468.0060,948.00 Total Bank Amer Corp Mtn 3.875% 8/01/25- 200,000.000.00 199,764.00- 226,820.00- 27,056.00 Total Citibank N A 5.438% 4/30/26- 250,000.000.00 251,852.50- 250,000.001,852.50 Total Gm Fin Cons Auto 1.260% 11/16/26- 12,066.150.0012,066.15- 12,065.101.05 SALES AND MATURITIES (continued)
229
06/16/2025Paid Down- 33,191.450.0033,191.45- 33,190.171.28 33,191.45 Par Value Of
Hyundai Auto Rec 2.220% 10/15/26
Trade Date 6/15/25
448977AD0
06/12/2025Sold- 640,000.000.00 619,193.60- 638,579.20- 19,385.60 640,000 Par Value Of
Toyota Mtr Cr Mtn 1.125% 6/18/26
Trade Date 6/12/25
Sold Through BofA Securities, Inc.

Swift External Ref#: Djcaxn5+aaayzaaa
640,000 Par Value At 96.749 %
89236TJK2
06/20/2025Paid Down- 42,621.680.0042,621.68- 42,619.202.48 42,621.68 Par Value Of
Volkswagen Auto Loan 5.720% 3/22/27
Trade Date 6/20/25
92867YAB0

Page 51 of 53 ends

02687304
55- -01-B -62 -185-04
0101 -11-03184-04

CITY OF LINCOLN

ACCOUNT
Period from June 1, 2025 to June 30, 2025

SHARES/TRANSACTIONREALIZED

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSS Total Hyundai Auto Rec 2.220% 10/15/26- 33,191.450.0033,191.45- 33,190.171.28 Total Toyota Mtr Cr Mtn 1.125% 6/18/26- 640,000.000.00 619,193.60- 638,579.20- 19,385.60 Total Volkswagen Auto Loan 5.720% 3/22/27- 42,621.680.0042,621.68- 42,619.202.48 Total Corporate Issues- 2,377,879.280.00 2,342,105.38- 2,325,741.6716,363.71 Total Sales And Maturities- 4,371,084.260.00 4,315,401.38- 4,306,384.619,016.77 SALES AND MATURITIES (continued)
230
1010101010101010101010110011010100010011
10100010000010000000
10011101001000001111
11010100001001011110
11000100100000001001
10110011000100100100
10010001110010111101
11010100001100101110
11000110001101001101
10000000110000010000
11001001000101110011
10000011111011000000
10100111011011100011
10001001111000101100
10000111101111111011
10110100011110000000
11011100011111000101
10101001000110001010
11111111111111111111
Realizedgain/lossshouldnotbeusedfortaxpurposes.

Page 52 of 53 ends

02687304
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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

SALES AND MATURITIES MESSAGES
231
< 20251,000,000.00400.00 0.00
2025.00.00 0.00
2026 25,784,317.09 25,443,454.87 15.56 2027 37,240,548.85 36,456,313.09 22.28 2028 54,309,943.84 53,960,976.80 32.98 2029 36,100,000.00 36,075,874.15 22.05 2030 11,490,000.00 11,671,040.80 7.13 Aaa9,984,865.79 10,046,711.56 6.14
Aa1 86,035,000.00 84,526,611.00 51.66 Aa29,600,000.00 9,664,075.00 5.91
Aa35,000,000.00 5,076,246.15 3.10
A18,150,000.00 8,260,137.15 5.05
A2 14,920,000.00 14,733,971.90 9.01
A34,975,000.00 4,867,573.50 2.98
N/A 26,259,943.99 25,415,063.45 15.53 Not Provided1,000,000.00 1,017,670.00 0.62
AAA 10,429,317.09 10,492,906.72 6.41 AA+3,900,000.00 3,773,874.00 2.31
AA1,925,000.00 1,890,086.25 1.16
AA-5,420,000.00 5,495,246.45 3.36
A+ 12,630,000.00 12,804,798.70 7.83
A 10,780,000.00 10,704,145.70 6.54
A- 10,490,000.00 10,317,036.60 6.31
BBB+1,400,000.00 1,390,690.00 0.85
N/A 107,950,492.69 105,721,605.29 64.62 Not Provided1,000,000.00 1,017,670.00 0.61

Page 53 of 53 ends

02687304
55- -01-B -62 -185-04
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CITY OF LINCOLN
ACCOUNT Period from June 1, 2025 to June 30, 2025

PERCENTAGE
OF

PAR VALUEMARKET VALUECATEGORY

MATURITY SUMMARY
Total 165,924,809.78 163,608,059.71 100.00

MOODY'S RATING
Total 165,924,809.78 163,608,059.71 100.00

S&P RATING
Total 165,924,809.78 163,608,059.71 100.00

BOND SUMMARY
232
10101010101010101010
10110011010011010011
10100010000010000000
10011101001000001111
11010100001001001010
11000100100001100101
10110011000100101100
10010001110000110011
11010100001001010000
11000110001110001101
10000000101001000000
11001001100001001011
10000010101100000100
10100111101110010011
10001100011011111100
10011100001011101111
10100011111011111000
11011001011101011101
10101000100110001010
11111111111111111111
233

CITY OF LINCOLN
ATTENTION: CITY MANAGER
600 6TH STREET
LINCOLN, CA 95648-1825
00273201
30- -01-B -62 -185-01
0102 -11-02877-01

PARS/CITY OF LINCOLN POST EMPLOYMENT

BENEFITS TRUST- OPEB
This statement is for the period from June 1, 2025 to June 30, 2025 Questions?
If you have any questions regarding your account or this statement, please contact your Account Manager.

Account Manager:

RODION BUTYRSKI
18300 VON KARMAN
SUITE 500
IRVINE CA 92612
Phone: 949-224-7211
E-mail: [email protected]

ADFFDFDFFADTTAFFTTADAAFDTAAFFAFTAFAADTDFTDADFTTFDFFFTFDAFDFDADTFT 000000404 18 SP 000638998208180 P
234
1010101010101010101010110011011000101011
10101010000010010010
10011011111000010101
10101110110001010110
10000110011100001101
10010011000010000100
10010001100101101001
11000000001010111010
11011010010111101101
10000000100010111000
11101000101101010011
10000010001011110100
10100101110011110011
10001010000100000100
10010001011001000101
10110000111110101110
11010000110011001101
10101010101010011010
11111111111111111111
Market And Cost Reconciliation 3
Cash Reconciliation 4
Asset Summary 5
Asset Detail 6
Income Accrual Detail 10
Investment Activity 12
Plan Expenses 14
Purchases 15
Sales And Maturities 18

Page 2 of 18 ends

00273201
30- -01-B -62 -185-01
0102 -11-02877-01
PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025
......................................................................................................................................................................... ............................................................................................................................................................................................ .................................................................................................................................................................................................... .......................................................................................................................................................................................................... ......................................................................................................................................................................................... ............................................................................................................................................................................................... ..................................................................................................................................................................................................... ............................................................................................................................................................................................................ ...........................................................................................................................................................................................

SchedulePage

TABLE OF CONTENTS
235
*IncludesProfessionalFees,ContractAdministratorFeesandInvestmentAdvisoryFees Interest1,283.091,283.09
Dividends56,603.2956,603.29
Change In Unrealized Gain/Loss 514,924.01.00
Net Accrued Income (Current-Prior)- 69.30- 69.30
Administrative Expenses*- 3,121.66- 3,121.66
Trust Fees- 3,425.22- 3,425.22

Page 3 of 18 ends

00273201
30- -01-B -62 -185-01
0102 -11-02877-01
PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025
06/30/202506/30/2025

MARKET BOOK VALUE
Beginning Market And Cost 18,021,958.32 18,153,555.62 Investment Activity
Total Investment Activity 572,741.0957,817.08 Plan Expenses
Total Plan Expenses- 6,546.88- 6,546.88
Net Change In Market And Cost 566,194.2151,270.20 Ending Market And Cost 18,588,152.53 18,204,825.82

MARKET AND COST RECONCILIATION

MARKET AND COST RECONCILIATION MESSAGES
236
1010101010101010101010110011011000000011
10101010000010010010
10011011110100010101
10101110110001001010
10000110011100000001
10010011000010110000
10010000100001111001
11000000001101111000
11011010011000010101
10000000101111001000
11101001001100001011
10000011000010111100
10100100100111110011
10001110111100001100
10010001000111101011
10110001100011001000
11001000110000000101
10101011001010011010
11111111111111111111
*IncludesProfessionalFees,ContractAdministratorFeesandInvestmentAdvisoryFees Interest1,283.09
Dividends56,603.29
Cash Equivalent Purchases- 19,756.65
Mutual Fund Purchases- 38,129.73
Cash Equivalent Sales6,546.88
Administrative Expenses*- 3,121.66
Trust Fees- 3,425.22

Page 4 of 18 ends

Period from June 1, 2025 to June 30, 2025
Beginning Cash.00
Investment Activity
Total Investment Activity6,546.88
Plan Expenses
Total Plan Expenses- 6,546.88
Net Change In Cash.00
Ending Cash.00
00273201
30- -01-B -62 -185-01
0102 -11-02877-01
PARS/CITY OF LINCOLN 115P-OPEB

CASH RECONCILIATION

CASH RECONCILIATION MESSAGES
237
EstimatedAnnualIncomeisanestimateprovidedforinformationalpurposesonly andshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.The estimatesmaynotrepresenttheactualvalueearnedbyyourinvestmentsand theyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Cash And Equivalents 358,010.66 358,010.66 1.92 Mutual Funds-Equity 10,912,700.53 10,414,687.74 58.71 Mutual Funds-Fixed Income 7,316,227.55 7,430,913.63 39.36 Accrued Income1,213.791,213.79 0.01

Page 5 of 18 ends

00273201
30- -01-B -62 -185-01
0102 -11-02877-01
PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025
06/30/202506/30/2025% OF

ASSETSMARKETBOOK VALUEMARKET
Total Assets 18,586,938.74 18,203,612.03 99.99 Grand Total 18,588,152.53 18,204,825.82 100.00 Estimated Annual Income 492,453.58

ASSET SUMMARY

ASSET SUMMARY MESSAGES

CASH EQUIV & ACCR

MUTUAL FUNDS
238
1010101010101010101010110011011000000011
10101010000010010010
10011011110000001101
10101110110001010010
10000110011101011001
10010010000010000100
10010111100000100111
11000000001010100010
11011010001001110101
10000000101111111000
11101000000110111011
10000011000010011100
10100011010101101011
10001110000100100100
10010110011101011111
10101100101111001000
11000011010101110101
10101010101010000010
11111111111111111111
First Am Govt 358,010.660 358,010.66 358,010.66.00 358,010.661,213.79 Ob Fd Cl X1.0000.00.00 4.26
31846V336 Asset Minor Code 1
Cohen & 10,593.146 521,924.30 553,903.32- 31,979.02 553,903.32.00 Steers Instl Realty Shares49.2700- 1,049.42- 31,979.02 3.04 19247U106 Asset Minor Code 98
Columbia 2,726.46382,557.3076,855.735,701.5776,855.73.00 Small Cap Growth Inst330.28006,679.835,701.57 0.00
19765Y340 Asset Minor Code 98
Columbia 35,953.551 1,394,997.78 1,394,238.89758.89 1,394,238.89.00 Contrarian Core Fund38.800074,423.85758.89 0.65
19766M709 Asset Minor Code 98
Fidelity 22,096.919 1,266,816.37 1,145,808.91 121,007.46 1,145,808.91.00 International Index Fund57.330030,935.69 121,007.46 2.71 315911727 Asset Minor Code 98
Emerald 3,065.75683,265.9381,492.621,773.3181,492.62.00 Growth Institutional27.16007,909.651,773.31 2.49
317609253 Asset Minor Code 98

Page 6 of 18 ends

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PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Money Markets
Total Money Markets 358,010.660 358,010.66 358,010.66.00 358,010.661,213.79 .00.00 4.25
Total Cash And 358,010.660 358,010.66 358,010.66.00 358,010.661,213.79 Equivalents.00.00 4.25
Mutual Funds-Equity

ASSET DETAIL
Cash And Equivalents
Mutual Funds
239
Goldman Sachs 20,775.267 470,559.80 471,526.82- 967.02 452,900.82.00 Gqg Ptnrs Intl Opps R622.65008,102.3617,658.98 2.00
38147N269 Asset Minor Code 98
Hartford 51,315.474 975,507.16 896,221.1779,285.99 896,221.17.00 Schroders Emerging Markets19.010057,473.3379,285.99 1.17 41665X859 Asset Minor Code 98
Lazard Cl 16,638.851 298,833.76 270,496.7828,336.98 270,496.78.00 List Infrastr Inst17.96001,677.9728,336.98 2.76
52106N459 Asset Minor Code 98
Mfs 9,779.532 467,363.83 451,397.7715,966.06 451,397.77.00 International Growth R647.790011,833.2315,966.06 1.47 552746356 Asset Minor Code 98
Nyli Cbre 19,354.916 276,194.65 268,705.067,489.59 273,317.47.00 Global Infrastructure14.2700- 383.632,877.18 2.14
56064L280 Asset Minor Code 98
Putnam Core 13,516.993 610,697.74 593,536.9017,160.84 593,536.90.00 Equity Fund Y45.180030,413.2317,160.84 0.70
74676P839 Asset Minor Code 98
Schwab U S 175,076.000 4,278,857.44 4,013,533.68 265,323.76 4,013,533.68.00 Large Cap Etf24.4400 199,586.64 265,323.76 1.17 808524201 Asset Minor Code 94
Undiscovered 2,254.591 185,124.47 196,970.09- 11,845.62 196,970.09.00 Mgrs Behavioral Value82.11005,140.47- 11,845.62 2.02
904504479 Asset Minor Code 98
Baird 202,008.366 1,989,782.41 2,025,796.03- 36,013.62 2,025,796.03.00 Aggregate Bond Fd Instl9.850024,186.79- 36,013.62 4.06 057071854 Asset Minor Code 99

Page 7 of 18 ends

00273201
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PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Total Mutual Funds-Equity 383,147.459 10,912,700.53 10,414,687.74 498,012.79 10,400,674.15.00 432,743.20 512,026.38 1.47
Mutual Funds-Fixed Income
ASSET DETAIL (continued)
240
1010101010101010101010110011011000000011
10101010000010010010
10011011101100010101
10101110110001001010
10000110011101001001
10010010000011110100
10010110100011011011
11000000001100111100
11011010010100110101
10000000101010110000
11101000110110010011
10000011010111011100
10100010001000010011
10001010110101100000
10000111000100111011
10101110111111101110
11000100010110000101
10101001101010100010
11111111111111111111
Dodge Cox 92,342.984 1,167,215.32 1,194,241.94- 27,026.62 1,194,241.94.00 Income12.64008,280.81- 27,026.62 4.22
256210105 Asset Minor Code 99
Ishares Core 18,115.000 1,797,008.00 1,815,199.27- 18,191.27 1,815,199.27.00 U.S. Aggregate Bond Etf99.200019,926.50- 18,191.27 3.81 464287226 Asset Minor Code 95
Nyli MacKay 64,572.063 336,420.45 340,039.30- 3,618.85 340,039.30.00 High Yield Corp Bd Fd R65.21003,853.91- 3,618.85 6.24 56063N881 Asset Minor Code 99
Pgim Total 112,814.679 1,358,288.74 1,388,168.73- 29,879.99 1,388,168.73.00 Return Bond Cl R612.040016,854.51- 29,879.99 4.73
74440B884 Asset Minor Code 99
Voya 75,940.003 667,512.63 667,468.3644.27 667,468.36.00 Intermediate Bond Fund Class R68.79009,078.2944.27 4.77 92913L569 Asset Minor Code 99

Page 8 of 18 ends

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PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Total Mutual Funds-Fixed 565,793.095 7,316,227.55 7,430,913.63- 114,686.08 7,430,913.63.00 Income82,180.81- 114,686.08 4.31
Total Mutual Funds 948,940.554 18,228,928.08 17,845,601.37 383,326.71 17,831,587.78.00 514,924.01 397,340.30 2.61
Total Assets 1,306,951.214 18,586,938.74 18,203,612.03 383,326.71 18,189,598.441,213.79 514,924.01 397,340.30 2.64
Accrued Income.0001,213.791,213.79
Grand Total 1,306,951.214 18,588,152.53 18,204,825.82 ASSET DETAIL (continued)
241
Timeoftradeexecutionandtradingparty(ifnotdisclosed)willbeprovideduponrequest.

Forfurtherinformation,pleasecontactyouraccountmanagerorrelationshipmanager.

YieldonMarketandAccruedIncomeareestimatesprovidedforinformationalpurposesonlyandshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.Theestimates maynotrepresenttheactualvalueearnedbyyourinvestmentsandtheyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Page 9 of 18 ends

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Period from June 1, 2025 to June 30, 2025

ASSET DETAIL MESSAGES
242
1010101010101010101010110011011000000011
10101010000010010010
10011011101000011101
10101110110001011010
10000110011101111101
10010010000010010000
10010101100000100001
11000000001000010100
11011010010010110101
10000000111011100000
11101001011010010011
10000010011010000100
10100111101000111011
10001001100111000100
10000000100100101001
10110101110100100010
11010011110011010101
10101011001010001010
11111111111111111111
358,010.660First Am Govt Ob Fd Cl X 0.041,283.091,213.791,283.091,213.79 31846V33607/01/25
10,593.146Cohen & Steers Instl Realty Shares 1.50.004,879.764,879.76.00 19247U10606/30/2506/30/25
16,638.851Lazard Cl List Infrastr Inst 0.50.001,783.321,783.32.00 52106N45906/20/2506/23/25
19,354.916Nyli Cbre Global Infrastructure 0.31.002,478.222,478.22.00 56064L28006/30/2506/30/25
175,076.000Schwab U S Large Cap Etf 0.29.0012,622.9812,622.98.00 80852420106/25/2506/30/25
202,008.366Baird Aggregate Bond Fd Instl 0.40.006,648.866,648.86.00 05707185406/24/2506/25/25
92,342.984Dodge Cox Income 0.53.0012,605.0612,605.06.00 25621010506/25/2506/26/25
18,115.000Ishares Core U.S. Aggregate Bond Etf 3.78.005,850.585,850.58.00 46428722606/02/2506/05/25
64,572.063Nyli MacKay High Yield Corp Bd Fd R6 0.33.001,772.801,772.80.00 56063N88106/30/2506/30/25
112,814.679Pgim Total Return Bond Cl R6 0.57.005,433.465,433.46.00 74440B88412/22/2206/30/25

Page 10 of 18 ends

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PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Cash And Equivalents
Total Cash And Equivalents1,283.091,213.791,283.091,213.79 Mutual Funds-Equity
Total Mutual Funds-Equity.0021,764.2821,764.28.00
Mutual Funds-Fixed Income

INCOME ACCRUAL DETAIL
243
75,940.003Voya Intermediate Bond Fund Class R6 0.42.002,528.252,528.25.00 92913L56906/30/2506/30/25

Page 11 of 18 ends

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PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total Mutual Funds-Fixed Income.0034,839.0134,839.01.00 Grand Total1,283.0957,817.0857,886.381,213.79
INCOME ACCRUAL DETAIL (continued)
244
1010101010101010101010110011011000000011
10101010000010010010
10011011100100000101
10101110110001010110
10000110011101100101
10010010000011011000
10010100100101101111
11000000001011100010
11011010001101000101
10000000101011011000
11101000111110010011
10000010010100011000
10100101011011010011
10001010011011011100
10001111101101111111
10111011101101010010
11011000110100010101
10101010101010111010
11111111111111111111
06/02/2025Interest From 5/1/25 To 5/31/251,283.09
06/24/20250.033025 USD/Share On 201,330.602 Shares Due 6/25/256,648.86 Dividend Payable 06/25/25
06/30/20250.465 USD/Share On 10,494.105 Shares Due 6/30/254,879.76 Dividend Payable 06/30/25
06/25/20250.138 USD/Share On 91,340.992 Shares Due 6/26/2512,605.06 Dividend Payable 06/26/25
06/05/20250.322969 USD/Share On 18,115 Shares Due 6/5/255,850.58 06/20/20250.10783 USD/Share On 16,538.212 Shares Due 6/23/251,783.32 Dividend Payable 06/23/25

Page 12 of 18 ends

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PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
Interest
First Am Govt Ob Fd Cl X
31846V336
Total Interest1,283.09
Dividends
Baird Aggregate Bond Fd Instl
057071854
Cohen & Steers Instl Realty Shares
19247U106
Dodge Cox Income
256210105
Ishares Core U.S. Aggregate Bond Etf
464287226
Lazard Cl List Infrastr Inst
52106N459
Nyli Cbre Global Infrastructure
56064L280

INVESTMENT ACTIVITY
245
06/30/20250.1292 USD/Share On 19,181.25 Shares Due 6/30/252,478.22 Dividend Payable 06/30/25
06/30/20250.0276 USD/Share On 64,231.794 Shares Due 6/30/251,772.80 Dividend Payable 06/30/25
06/30/2025Dividend From 6/1/25 To 6/30/255,433.46
06/30/2025Schwab U S Large Cap Etf12,622.98

0.0721 USD/Share On 175,076 Shares Due 6/30/25
06/30/2025Dividend From 6/1/25 To 6/30/252,528.25

Page 13 of 18 ends

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PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
Nyli MacKay High Yield Corp Bd Fd R6
56063N881
Pgim Total Return Bond Cl R6
74440B884
Schwab U S Large Cap Etf
808524201
Voya Intermediate Bond Fund Class R6
92913L569
Total Dividends56,603.29
INVESTMENT ACTIVITY (continued)
246
1010101010101010101010110011011000000011
10101010000010010010
10011011100000000101
10101110110001011110
10000110011100010101
10010010000011001100
10010011100111000111
11000000001001010100
11011010011110011101
10000000111001101000
11101000100010011011
10000011010000010100
10100111110011101011
10001011011000001100
10001011100100001111
10100010100011101010
11011010110001111101
10101000101010011010
11111111111111111111
06/26/2025Paid To Phase II Systems- 3,121.66
Pars Trust Admin Fee
Per Directive Dated 06/24/25
06/26/2025Collected- 3,425.22
Charged For Period 05/01/2025 Thru 05/31/2025

Page 14 of 18 ends

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PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
Administrative Expenses
Contract Administrator Fees
Administrative Fee
Total Administrative Fee- 3,121.66
Total Contract Administrator Fees- 3,121.66
Total Administrative Expenses- 3,121.66
Trust Fees
Trust Fees
Total Trust Fees- 3,425.22
Total Trust Fees- 3,425.22
Total Plan Expenses- 6,546.88

PLAN EXPENSES
247
06/03/2025Purchased 1,283.090.00- 1,283.091,283.09 1,283.09 Units Of
First Am Govt Ob Fd Cl X
Trade Date 6/3/25
31846V336
06/05/2025Purchased 5,850.580.00- 5,850.585,850.58 5,850.58 Units Of
First Am Govt Ob Fd Cl X
Trade Date 6/5/25
31846V336
06/30/2025Purchased 12,622.980.00- 12,622.9812,622.98 12,622.98 Units Of
First Am Govt Ob Fd Cl X
Trade Date 6/30/25
31846V336
06/30/2025Purchased 99.04199.041.00- 4,879.764,879.76
Shares
Cohen & Steers Instl Realty Shares @ 49.27 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
19247U106
06/20/2025Purchased100.639.00- 1,783.321,783.32
100.639 Shares
Lazard Cl List Infrastr Inst @ 17.72 USD
Through Reinvestment Of Cash Dividend Due 6/23/25
52106N459

Page 15 of 18 ends

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PARS/CITY OF LINCOLN 115P-OPEB
Period from June 1, 2025 to June 30, 2025

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Cash And Equivalents
Total First Am Govt Ob Fd Cl X 19,756.650.00- 19,756.6519,756.65 Total Cash And Equivalents 19,756.650.00- 19,756.6519,756.65 Mutual Funds-Equity
Total Cohen & Steers Instl Realty Shares99.041.00- 4,879.764,879.76

PURCHASES
248
1010101010101010101010110011010000000011
10101010011110010010
10011011111100010101
10101110110001011010
10000110011100001001
10010010000010001100
10010010100001001001
11000000001000100110
11011010000101100101
10000000101111100000
11101000010101100011
10000010100010101100
10100010001100110111
10001110011000001000
10000111101000111111
10101101101010000010
11010111110010001101
10101000101010010010
11111111111111111111
06/30/2025Purchased173.666.00- 2,478.222,478.22
173.666 Shares
Nyli Cbre Global Infrastructure @ 14.27 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
56064L280
06/24/2025Purchased677.764.00- 6,648.866,648.86
677.764 Shares
Baird Aggregate Bond Fd Instl @ 9.81 USD
Through Reinvestment Of Cash Dividend Due 6/25/25
057071854
06/25/2025Purchased 1,001.992.00- 12,605.0612,605.06 1,001.992 Shares
Dodge Cox Income @ 12.58 USD
Through Reinvestment Of Cash Dividend Due 6/26/25
256210105
06/30/2025Purchased340.269.00- 1,772.801,772.80
340.269 Shares
Nyli MacKay High Yield Corp Bd Fd R6 @ 5.21 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
56063N881

Page 16 of 18 ends

Period from June 1, 2025 to June 30, 2025

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Lazard Cl List Infrastr Inst100.639.00- 1,783.321,783.32 Total Nyli Cbre Global Infrastructure173.666.00- 2,478.222,478.22 Total Mutual Funds-Equity373.346.00- 9,141.309,141.30
Mutual Funds-Fixed Income
Total Baird Aggregate Bond Fd Instl677.764.00- 6,648.866,648.86 Total Dodge Cox Income 1,001.992.00- 12,605.0612,605.06 Total Nyli MacKay High Yield Corp Bd Fd R6340.269.00- 1,772.801,772.80 00273201
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PARS/CITY OF LINCOLN 115P-OPEB
PURCHASES (continued)
249
06/30/2025Purchased451.284.00- 5,433.465,433.46
451.284 Shares
Pgim Total Return Bond Cl R6 @ 12.04 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
74440B884
06/30/2025Purchased287.628.00- 2,528.252,528.25
287.628 Shares
Voya Intermediate Bond Fund Class R6 @ 8.79 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
92913L569

Page 17 of 18 ends

Period from June 1, 2025 to June 30, 2025

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Pgim Total Return Bond Cl R6451.284.00- 5,433.465,433.46 Total Voya Intermediate Bond Fund Class R6287.628.00- 2,528.252,528.25 Total Mutual Funds-Fixed Income 2,758.937.00- 28,988.4328,988.43 Total Purchases 22,888.933.00- 57,886.3857,886.38 00273201
30- -01-B -62 -185-01
0102 -11-02877-01
PARS/CITY OF LINCOLN 115P-OPEB
PURCHASES (continued)
250
1010101010101010101010110011010000000011
10101010011110010010
10011011111000011101
10101110110001001010
10000110011100111101
10010010000011101000
10010001100010110011
11000000001100001110
11011010000011100101
10000000111110110000
11101001111001100011
10000011101111110100
10100111101100011111
10001101001010101100
10000000001000101101
10110110100001001110
11000000010111011101
10101010001010111010
11111111111111111111
Realizedgain/lossshouldnotbeusedfortaxpurposes.
06/26/2025Sold- 3,425.220.003,425.22- 3,425.22.00- 3,425.22 3,425.22 Units Of.00
First Am Govt Ob Fd Cl X
Trade Date 6/26/25
31846V336
06/26/2025Sold- 3,121.660.003,121.66- 3,121.66.00- 3,121.66 3,121.66 Units Of.00
First Am Govt Ob Fd Cl X
Trade Date 6/26/25
31846V336

Page 18 of 18 ends

Period from June 1, 2025 to June 30, 2025

PRIOR MARKET /

SHARES/TRANSACTIONREALIZEDPRIOR MARKET

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSSREALIZED GAIN/LOSS Cash And Equivalents
Total First Am Govt Ob Fd- 6,546.880.006,546.88- 6,546.88.00- 6,546.88 Cl X.00
Total Cash And- 6,546.880.006,546.88- 6,546.88.00- 6,546.88 Equivalents.00
Total Sales And- 6,546.880.006,546.88- 6,546.88.00- 6,546.88 Maturities.00
00273201
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SALES AND MATURITIES

SALES AND MATURITIES MESSAGES
251

CITY OF LINCOLN
ATTENTION: CITY MANAGER
600 6TH STREET
LINCOLN, CA 95648-1825
00273201
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PARS/CITY OF LINCOLN POST EMPLOYMENT

BENEFITS TRUST- PENSION
This statement is for the period from June 1, 2025 to June 30, 2025 Questions?
If you have any questions regarding your account or this statement, please contact your Account Manager.

Account Manager:

RODION BUTYRSKI
18300 VON KARMAN
SUITE 500
IRVINE CA 92612
Phone: 949-224-7211
E-mail: [email protected]

ADFFDFDFFADTTAFFTTADAAFDTAAFFAFTAFAADTDFTDADFTTFDFFFTFDAFDFDADTFT 000000404 18 SP 000638998208180 P
252
1010101010101010101010110011010000000011
10101010001110010010
10011011100100000101
10101110110001000110
10000100011100100001
10010101000010001100
10010100100100110011
11000000001101000010
11011010011100010101
10000000100111100000
11101000010100011011
10000010000110010100
10100101101110111011
10001110001011101100
10011111110000010101
10111100010000111110
11010010010011100101
10101011001010100010
11111111111111111111
Market And Cost Reconciliation 3
Cash Reconciliation 4
Asset Summary 5
Asset Detail 6
Income Accrual Detail 10
Investment Activity 12
Plan Expenses 14
Purchases 15
Sales And Maturities 18

Page 2 of 18 ends

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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025
......................................................................................................................................................................... ............................................................................................................................................................................................ .................................................................................................................................................................................................... .......................................................................................................................................................................................................... ......................................................................................................................................................................................... ............................................................................................................................................................................................... ..................................................................................................................................................................................................... ............................................................................................................................................................................................................ ...........................................................................................................................................................................................

SchedulePage

TABLE OF CONTENTS
253
*IncludesProfessionalFees,ContractAdministratorFeesandInvestmentAdvisoryFees Interest284.77284.77
Dividends11,246.3611,246.36
Change In Unrealized Gain/Loss 102,122.36.00
Net Accrued Income (Current-Prior)- 13.95- 13.95
Administrative Expenses*- 620.64- 620.64
Trust Fees- 679.34- 679.34

Page 3 of 18 ends

00273201
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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025
06/30/202506/30/2025

MARKET BOOK VALUE
Beginning Market And Cost 3,583,072.64 3,615,325.50 Investment Activity
Total Investment Activity 113,639.5411,517.18 Plan Expenses
Total Plan Expenses- 1,299.98- 1,299.98
Net Change In Market And Cost 112,339.5610,217.20 Ending Market And Cost 3,695,412.20 3,625,542.70

MARKET AND COST RECONCILIATION

MARKET AND COST RECONCILIATION MESSAGES
254
1010101010101010101010110011010000000011
10101010001110010010
10011011100000000101
10101110110001001110
10000100011101010001
10010101000010011000
10010011100110011011
11000000001111110100
11011010001111001101
10000000110101010000
11101000001000010011
10000011000010011000
10100111000110000011
10001111001000111100
10011011111001100101
10100101011110000110
11010000010110001101
10101001001010000010
11111111111111111111
*IncludesProfessionalFees,ContractAdministratorFeesandInvestmentAdvisoryFees Interest284.77
Dividends11,246.36
Cash Equivalent Purchases- 3,957.97
Mutual Fund Purchases- 7,573.16
Cash Equivalent Sales1,299.98
Administrative Expenses*- 620.64
Trust Fees- 679.34

Page 4 of 18 ends

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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025
Beginning Cash.00
Investment Activity
Total Investment Activity1,299.98
Plan Expenses
Total Plan Expenses- 1,299.98
Net Change In Cash.00
Ending Cash.00

CASH RECONCILIATION

CASH RECONCILIATION MESSAGES
255
EstimatedAnnualIncomeisanestimateprovidedforinformationalpurposesonly andshouldnotbereliedonformakinginvestment,trading,ortaxdecisions.The estimatesmaynotrepresenttheactualvalueearnedbyyourinvestmentsand theyprovidenoguaranteeofwhatyourinvestmentsmayearninthefuture.

Cash And Equivalents79,696.9579,696.95 2.15
Mutual Funds-Equity 2,159,124.79 2,062,231.26 58.43 Mutual Funds-Fixed Income 1,456,319.64 1,483,343.67 39.41 Accrued Income270.82270.82 0.01

Page 5 of 18 ends

00273201
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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025
06/30/202506/30/2025% OF

ASSETSMARKETBOOK VALUEMARKET
Total Assets 3,695,141.38 3,625,271.88 99.99 Grand Total 3,695,412.20 3,625,542.70 100.00 Estimated Annual Income98,137.93

ASSET SUMMARY

ASSET SUMMARY MESSAGES

CASH EQUIV & ACCR

MUTUAL FUNDS
256
1010101010101010101010110011010000000011
10101010001010010010
10011011111100010101
10101110110001011110
10000100011101010001
10010101000010001000
10010010100010001011
11000000001110110000
11011010011011001101
10000000111110010000
11101000110001000011
10000010110001000100
10100000001111011011
10001100111011010000
10011110000001101111
10101011011101010110
11011011110101011101
10101011001010000010
11111111111111111111
First Am Govt 79,696.95079,696.9579,696.95.0079,696.95270.82 Ob Fd Cl X1.0000.00.00 4.26
31846V336 Asset Minor Code 1
Cohen & 2,067.886 101,884.74 108,337.08- 6,452.34 108,337.08.00 Steers Instl Realty Shares49.2700- 204.85- 6,452.34 3.04 19247U106 Asset Minor Code 98
Columbia541.60016,399.6515,386.861,012.7915,386.86.00
Small Cap Growth Inst330.28001,326.921,012.79 0.00
19765Y340 Asset Minor Code 98
Columbia 7,134.127 276,804.13 276,997.17- 193.04 276,997.17.00 Contrarian Core Fund38.800014,767.65- 193.04 0.65
19766M709 Asset Minor Code 98
Fidelity 4,351.198 249,454.18 226,243.7923,210.39 226,243.79.00 International Index Fund57.33006,091.6823,210.39 2.71 315911727 Asset Minor Code 98
Emerald608.70016,532.2916,285.74246.5516,285.74.00
Growth Institutional27.16001,570.44246.55 2.49
317609253 Asset Minor Code 98

Page 6 of 18 ends

00273201
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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Money Markets
Total Money Markets 79,696.95079,696.9579,696.95.0079,696.95270.82 .00.00 4.25
Total Cash And 79,696.95079,696.9579,696.95.0079,696.95270.82 Equivalents.00.00 4.25
Mutual Funds-Equity

ASSET DETAIL
Cash And Equivalents
Mutual Funds
257
Goldman Sachs 4,008.89490,801.4591,130.42- 328.9787,393.89.00 Gqg Ptnrs Intl Opps R622.65001,563.473,407.56 2.00
38147N269 Asset Minor Code 98
Hartford 10,279.039 195,404.53 179,738.7515,665.78 179,738.75.00 Schroders Emerging Markets19.010011,512.5215,665.78 1.17 41665X859 Asset Minor Code 98
Lazard Cl 3,314.25259,523.9753,993.265,530.7153,993.26.00 List Infrastr Inst17.9600334.245,530.71 2.76
52106N459 Asset Minor Code 98
Mfs 1,976.43494,453.7891,320.063,133.7291,320.06.00 International Growth R647.79002,391.483,133.72 1.47
552746356 Asset Minor Code 98
Nyli Cbre 3,856.27055,028.9753,636.671,392.3054,455.73.00 Global Infrastructure14.2700- 76.44573.24 2.14
56064L280 Asset Minor Code 98
Putnam Core 2,593.270 117,163.94 113,995.403,168.54 113,995.40.00 Equity Fund Y45.18005,834.863,168.54 0.70
74676P839 Asset Minor Code 98
Schwab U S 34,811.000 850,780.84 797,711.3853,069.46 797,711.38.00 Large Cap Etf24.440039,684.5453,069.46 1.17
808524201 Asset Minor Code 94
Undiscovered424.94634,892.3237,454.68- 2,562.3637,454.68.00 Mgrs Behavioral Value82.1100968.88- 2,562.36 2.02
904504479 Asset Minor Code 98
Baird 40,287.823 396,835.06 404,836.33- 8,001.27 404,836.33.00 Aggregate Bond Fd Instl9.85004,823.73- 8,001.27 4.06
057071854 Asset Minor Code 99

Page 7 of 18 ends

Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Total Mutual Funds-Equity 75,967.616 2,159,124.79 2,062,231.2696,893.53 2,059,313.79.00 85,765.3999,811.00 1.47
Mutual Funds-Fixed Income
00273201
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PARS/CITY OF LINCOLN 115P-PENSION
ASSET DETAIL (continued)
258
1010101010101010101010110011010000000011
10101010001010010010
10011011111000011101
10101110110001001110
10000100011101100101
10010101000011101100
10010001100001110001
11000000001010011000
11011010011101001101
10000000101111000000
11101001011101000011
10000011111100011100
10100101101111110011
10001111101001110100
10011001100001111101
10110000010110011010
11001100010000001101
10101001101010101010
11111111111111111111
Dodge Cox 18,386.322 232,403.11 240,318.86- 7,915.75 240,318.86.00 Income12.64001,648.79- 7,915.75 4.22
256210105 Asset Minor Code 99
Ishares Core 3,602.000 357,318.40 361,166.85- 3,848.45 361,166.85.00 U.S. Aggregate Bond Etf99.20003,962.20- 3,848.45 3.81 464287226 Asset Minor Code 95
Nyli MacKay 12,794.46666,659.1767,376.21- 717.0467,376.21.00 High Yield Corp Bd Fd R65.2100763.62- 717.04 6.24
56063N881 Asset Minor Code 99
Pgim Total 22,560.143 271,624.12 278,174.36- 6,550.24 278,174.36.00 Return Bond Cl R612.04003,370.48- 6,550.24 4.73
74440B884 Asset Minor Code 99
Voya 14,957.882 131,479.78 131,471.068.72 131,471.06.00 Intermediate Bond Fund Class R68.79001,788.158.72 4.77 92913L569 Asset Minor Code 99

Page 8 of 18 ends

Period from June 1, 2025 to June 30, 2025

UNREALIZED

GAIN (LOSS)ADJ PRIOR MARKET /

SHARES/MARKETSINCE INCEPTION/ADJ PRIOR MARKETENDING ACCRUAL

DESCRIPTIONFACE AMOUNTPRICE/UNITBOOK VALUECURRENT PERIODUNREALIZED GAIN/LOSSYIELD ON MARKET Total Mutual Funds-Fixed 112,588.636 1,456,319.64 1,483,343.67- 27,024.03 1,483,343.67.00 Income16,356.97- 27,024.03 4.31
Total Mutual Funds 188,556.252 3,615,444.43 3,545,574.9369,869.50 3,542,657.46.00 102,122.3672,786.97 2.61
Total Assets 268,253.202 3,695,141.38 3,625,271.8869,869.50 3,622,354.41270.82 102,122.3672,786.97 2.65
Accrued Income.000270.82270.82
Grand Total 268,253.202 3,695,412.20 3,625,542.70 00273201
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PARS/CITY OF LINCOLN 115P-PENSION
ASSET DETAIL (continued)
259
Timeoftradeexecutionandtradingparty(ifnotdisclosed)willbeprovideduponrequest.

Forfurtherinformation,pleasecontactyouraccountmanagerorrelationshipmanager.

Page 9 of 18 ends

Period from June 1, 2025 to June 30, 2025
00273201
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PARS/CITY OF LINCOLN 115P-PENSION

ASSET DETAIL MESSAGES
260
1010101010101010101010110011010000000011
10101010001010010010
10011011110100000101
10101110110001000010
10000100011101111101
10010101000010100100
10010000100100111111
11000000001001101110
11011010000010111101
10000000111111111000
11101000111001000011
10000011110010000000
10100111011100011011
10001100010101101100
10010110101000101011
10111110001111101010
11000111010111001101
10101000001010011010
11111111111111111111
79,696.950First Am Govt Ob Fd Cl X 0.04284.77270.82284.77270.82 31846V33607/01/25
2,067.886Cohen & Steers Instl Realty Shares 1.50.00952.58952.58.00 19247U10606/30/2506/30/25
3,314.252Lazard Cl List Infrastr Inst 0.50.00355.21355.21.00 52106N45906/20/2506/23/25
3,856.270Nyli Cbre Global Infrastructure 0.31.00493.76493.76.00 56064L28006/30/2506/30/25
34,811.000Schwab U S Large Cap Etf 0.29.002,509.872,509.87.00 80852420106/25/2506/30/25
40,287.823Baird Aggregate Bond Fd Instl 0.40.001,326.031,326.03.00 05707185406/24/2506/25/25
18,386.322Dodge Cox Income 0.53.002,509.782,509.78.00
25621010506/25/2506/26/25
3,602.000Ishares Core U.S. Aggregate Bond Etf 3.78.001,163.331,163.33.00 46428722606/02/2506/05/25
12,794.466Nyli MacKay High Yield Corp Bd Fd R6 0.33.00351.27351.27.00 56063N88106/30/2506/30/25
22,560.143Pgim Total Return Bond Cl R6 0.57.001,086.561,086.56.00 74440B88412/22/2206/30/25

Page 10 of 18 ends

Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Cash And Equivalents
Total Cash And Equivalents284.77270.82284.77270.82
Mutual Funds-Equity
Total Mutual Funds-Equity.004,311.424,311.42.00
Mutual Funds-Fixed Income
00273201
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PARS/CITY OF LINCOLN 115P-PENSION

INCOME ACCRUAL DETAIL
261
14,957.882Voya Intermediate Bond Fund Class R6 0.42.00497.97497.97.00 92913L56906/30/2506/30/25

Page 11 of 18 ends

00273201
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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025

SHARES/EXPAYANNBEGINNINGINCOMEINCOMEENDING

FACE AMOUNTDESCRIPTIONDATEDATERATEACCRUALEARNEDRECEIVEDACCRUAL Total Mutual Funds-Fixed Income.006,934.946,934.94.00
Grand Total284.7711,517.1811,531.13270.82
INCOME ACCRUAL DETAIL (continued)
262
1010101010101010101010110011010000000011
10101010001010010010
10011011110000011101
10101110110001011010
10000100011100100101
10010100000010010000
10010111100101100001
11000000001110110100
11011010010011011101
10000000111111001000
11101001110011110011
10000011110010100000
10100000101110000011
10001100101101000100
10010001110010011111
10100011000011101010
11001100110010111101
10101001101010000010
11111111111111111111
06/02/2025Interest From 5/1/25 To 5/31/25284.77
06/24/20250.033025 USD/Share On 40,152.652 Shares Due 6/25/251,326.03 Dividend Payable 06/25/25
06/30/20250.465 USD/Share On 2,048.552 Shares Due 6/30/25952.58 Dividend Payable 06/30/25
06/25/20250.138 USD/Share On 18,186.816 Shares Due 6/26/252,509.78 Dividend Payable 06/26/25
06/05/20250.322969 USD/Share On 3,602 Shares Due 6/5/251,163.33 06/20/20250.10783 USD/Share On 3,294.206 Shares Due 6/23/25355.21 Dividend Payable 06/23/25

Page 12 of 18 ends

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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
Interest
First Am Govt Ob Fd Cl X
31846V336
Total Interest284.77
Dividends
Baird Aggregate Bond Fd Instl
057071854
Cohen & Steers Instl Realty Shares
19247U106
Dodge Cox Income
256210105
Ishares Core U.S. Aggregate Bond Etf
464287226
Lazard Cl List Infrastr Inst
52106N459
Nyli Cbre Global Infrastructure
56064L280

INVESTMENT ACTIVITY
263
06/30/20250.1292 USD/Share On 3,821.669 Shares Due 6/30/25493.76 Dividend Payable 06/30/25
06/30/20250.0276 USD/Share On 12,727.044 Shares Due 6/30/25351.27 Dividend Payable 06/30/25
06/30/2025Dividend From 6/1/25 To 6/30/251,086.56
06/30/2025Schwab U S Large Cap Etf2,509.87

0.0721 USD/Share On 34,811 Shares Due 6/30/25
06/30/2025Dividend From 6/1/25 To 6/30/25497.97

Page 13 of 18 ends

00273201
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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
Nyli MacKay High Yield Corp Bd Fd R6
56063N881
Pgim Total Return Bond Cl R6
74440B884
Schwab U S Large Cap Etf
808524201
Voya Intermediate Bond Fund Class R6
92913L569
Total Dividends11,246.36
INVESTMENT ACTIVITY (continued)
264
1010101010101010101010110011010000000011
10101010001010010010
10011011101100000101
10101110110001000010
10000100011100110101
10010100000011100000
10010110100110011101
11000000001000101010
11011010001110011101
10000000111010000000
11101001000011011011
10000011100111100000
10100001110011111011
10001000011100000000
10000000101011111011
10100001010011001100
11001011110001001101
10101010101010100010
11111111111111111111
06/26/2025Paid To Phase II Systems- 620.64
Pars Trust Admin Fee
Per Directive Dated 06/24/25
06/26/2025Collected- 679.34
Charged For Period 05/01/2025 Thru 05/31/2025

Page 14 of 18 ends

00273201
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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025

DATEDESCRIPTIONCASH
Administrative Expenses
Contract Administrator Fees
Administrative Fee
Total Administrative Fee- 620.64
Total Contract Administrator Fees- 620.64
Total Administrative Expenses- 620.64
Trust Fees
Trust Fees
Total Trust Fees- 679.34
Total Trust Fees- 679.34
Total Plan Expenses- 1,299.98

PLAN EXPENSES
265
06/03/2025Purchased 284.77284.770.00- 284.77284.77
Units Of
First Am Govt Ob Fd Cl X
Trade Date 6/3/25
31846V336
06/05/2025Purchased 1,163.330.00- 1,163.331,163.33 1,163.33 Units Of
First Am Govt Ob Fd Cl X
Trade Date 6/5/25
31846V336
06/30/2025Purchased 2,509.870.00- 2,509.872,509.87 2,509.87 Units Of
First Am Govt Ob Fd Cl X
Trade Date 6/30/25
31846V336
06/30/2025Purchased 19.33419.334.00- 952.58952.58
Shares
Cohen & Steers Instl Realty Shares @ 49.27 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
19247U106
06/20/2025Purchased 20.04620.046.00- 355.21355.21
Shares
Lazard Cl List Infrastr Inst @ 17.72 USD
Through Reinvestment Of Cash Dividend Due 6/23/25
52106N459

Page 15 of 18 ends

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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Cash And Equivalents
Total First Am Govt Ob Fd Cl X 3,957.970.00- 3,957.973,957.97 Total Cash And Equivalents 3,957.970.00- 3,957.973,957.97 Mutual Funds-Equity
Total Cohen & Steers Instl Realty Shares19.334.00- 952.58952.58

PURCHASES
266
1010101010101010101010110011010000000011
10101010001010010010
10011011101000001101
10101110110001010010
10000100011100000001
10010100000010000100
10010101100101100111
11000000001100000010
11011010001000011101
10000000101011010000
11101000101111011011
10000010101010111000
10100100010011010011
10001011001110100100
10000111001011101001
10111010011000000000
11011100010100011101
10101000001010001010
11111111111111111111
06/30/2025Purchased 34.60134.601.00- 493.76493.76
Shares
Nyli Cbre Global Infrastructure @ 14.27 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
56064L280
06/24/2025Purchased135.171.00- 1,326.031,326.03
135.171 Shares
Baird Aggregate Bond Fd Instl @ 9.81 USD
Through Reinvestment Of Cash Dividend Due 6/25/25
057071854
06/25/2025Purchased199.506.00- 2,509.782,509.78
199.506 Shares
Dodge Cox Income @ 12.58 USD
Through Reinvestment Of Cash Dividend Due 6/26/25
256210105
06/30/2025Purchased 67.42267.422.00- 351.27351.27
Shares
Nyli MacKay High Yield Corp Bd Fd R6 @ 5.21 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
56063N881

Page 16 of 18 ends

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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Lazard Cl List Infrastr Inst20.046.00- 355.21355.21 Total Nyli Cbre Global Infrastructure34.601.00- 493.76493.76 Total Mutual Funds-Equity73.981.00- 1,801.551,801.55
Mutual Funds-Fixed Income
Total Baird Aggregate Bond Fd Instl135.171.00- 1,326.031,326.03 Total Dodge Cox Income199.506.00- 2,509.782,509.78
Total Nyli MacKay High Yield Corp Bd Fd R667.422.00- 351.27351.27 PURCHASES (continued)
267
06/30/2025Purchased 90.24690.246.00- 1,086.561,086.56
Shares
Pgim Total Return Bond Cl R6 @ 12.04 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
74440B884
06/30/2025Purchased 56.65256.652.00- 497.97497.97
Shares
Voya Intermediate Bond Fund Class R6 @ 8.79 USD
Through Reinvestment Of Cash Dividend Due 6/30/25
92913L569

Page 17 of 18 ends

00273201
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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025

SHARES/

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONCASHBOOK VALUE
Total Pgim Total Return Bond Cl R690.246.00- 1,086.561,086.56 Total Voya Intermediate Bond Fund Class R656.652.00- 497.97497.97 Total Mutual Funds-Fixed Income548.997.00- 5,771.615,771.61 Total Purchases 4,580.948.00- 11,531.1311,531.13 PURCHASES (continued)
268
1010101010101010101010110011010000000011
10101010001010010010
10011011100100010101
10101110110001011110
10000100011100011001
10010100000011001100
10010100100000101001
11000000001111110100
11011010010111101101
10000000111011101000
11101001001011011011
10000010100100100100
10100110100000111011
10001000110010111100
10001000000010111111
10110100000001110000
11010111010011011101
10101001101010111010
11111111111111111111
Realizedgain/lossshouldnotbeusedfortaxpurposes.
06/26/2025Sold 679.34- 679.340.00679.34- 679.34.00- 679.34 Units Of.00
First Am Govt Ob Fd Cl X
Trade Date 6/26/25
31846V336
06/26/2025Sold 620.64- 620.640.00620.64- 620.64.00- 620.64 Units Of.00
First Am Govt Ob Fd Cl X
Trade Date 6/26/25
31846V336

Page 18 of 18 ends

00273201
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PARS/CITY OF LINCOLN 115P-PENSION
Period from June 1, 2025 to June 30, 2025

PRIOR MARKET /

SHARES/TRANSACTIONREALIZEDPRIOR MARKET

DATEDESCRIPTIONFACE AMOUNTCOMMISSIONPROCEEDSBOOK VALUEGAIN/LOSSREALIZED GAIN/LOSS Cash And Equivalents
Total First Am Govt Ob Fd- 1,299.980.001,299.98- 1,299.98.00- 1,299.98 Cl X.00
Total Cash And- 1,299.980.001,299.98- 1,299.98.00- 1,299.98 Equivalents.00
Total Sales And- 1,299.980.001,299.98- 1,299.98.00- 1,299.98 Maturities.00

SALES AND MATURITIES

SALES AND MATURITIES MESSAGES
269
SUBJECT:

Staff Recommends the City Council Adopt a Resolution
Authorizing a Budget Augmentation of $250,000 from the
Available Unencumbered Balance of Fund 2410 to CIP 622, Police Department IT Room Expansion Project, and Authorize the City Engineer to Approve Change Orders not to exceed $375,400 for Additional Changes During Construction. (Araceli Cazarez)
SUBMITTED BY:

Araceli Cazarez
DEPARTMENT:

Engineering
DATE:

August 26, 2025

Item Number 7.I

STAFF RECOMMENDATION:

Staff recommends the City Council adopt a resolution authorizing a budget augmentation of $250,000 from the available unencumbered balance of Fund 2410 to CIP 622 – Police Department IT Room Expansion Project, and authorize the City Engineer to approve change orders not to exceed $375,400 for additional changes during construction.

BACKGROUND/INTRODUCTION:

On February 13, 2024, City Council adopted a resolution authorizing the City Manager to award the contract for construction with CNW Construction, Inc. for $627,000 and authorize the City Engineer to approve change orders up to $125,400 for the Police Department IT Room Expansion Project.

The project was originally intended to convert the old evidence storage area into a new IT room with additional office space and evidence processing area. However, during construction, a few changes in the design were made and the new layout includes:

IT server room (approximately 15’x13’)
Expansion of women’s locker room (approximately 8’x13’) in lieu of the new office.

Card reader access added to door previously not identified as being necessary New entry from existing locker room into new expansion area New platforms for lockers.

Evidence processing room (approximately 14’x23’) with:

Power in ceiling for retractable cords
Isolated air circulation
Power outside of wall for battery charging stations.

With these changes, the original $125,400 contingency was significantly impacted by approximately $68,000. There were several other changes that prompted additional costs, including addition of T-bar ceiling, replacement of existing door, fiber optic, and power conduit

STAFF REPORT
270
modifications for an additional $20,000 in contingency cost.

However, there is one pending change order that will exceed the project contingency; during the preparation phase for the installation of the new 1200-amp switchgear, the subcontractor, JTE, requested that the PG&E commitment drawings be provided to facilitate proper coordination with PG&E. Once the drawings were received, JTE initiated coordination efforts with PG&E to finalize approval of the new switchgear and plan the necessary work for replacing the existing 600-amp switchgear. During the onsite review, it was discovered that the existing switchgear only contained (2) 4-inch conduits. Based on PG&E and Greenbook’s requirements, the contractor informed the team that (4) 5-inch conduits would be required for the new 1200-amp gear. Further review of the PG&E commitment drawings confirmed this requirement and indicated that the applicant is responsible for installing the conduits.

However, although this requirement is clearly shown in the PG&E commitment drawings, those drawings were not included in the original bid documents provided to the Contractor.

FINDINGS/ANALYSIS:

Based on the installation of the required conduits, this is a change in scope and the work is necessary for PG&E to provide service for the new switchgear. Based on the additional work that needs to be completed, including labor and material, the additional $250,000 will bring the total contingency amount to $375,400.

ENVIRONMENTAL REVIEW:

This project is not subject to the California Environmental Quality Act (“CEQA”), as codified at Public Resources Code §§ 21000, et seq., and as further governed by 14 California Code of Regulations §§ 15000, et seq., because it is not a project as contemplated by 14 C.C.R. § 15378. Even if this project were subject to CEQA, the City Council finds this project exempt from the requirements of CEQA pursuant to 14 C.C.R. § 15061(b)(3), because there is no possibility it will have a significant effect on the environment.

FISCAL IMPACT:

The project is an approved budgeted CIP from fiscal year 2023/25. The project is funded as follows:

Budgeted
CIP 622 Police Department IT Room Expansion
Fund 2410 $950,000

Encumbered project costs
Fund 2410
Stantec - Design $102,050

Actual Project Costs
Fund 2410
Construction (CNW Construction, Inc.) $627,000
Construction Contingency (20%) $125,400
Construction Management/Inspection $ 94,050
Total Project Cost to Date $846,450

Available Unencumbered Project Budget $15,202

Remaining Estimated Project Costs
271
Fund 2410
Additional Estimated Construction Cost $250,000

Budgeted Augmentation Requested
Fund 2410 $(250,000)

Fund Balances
Fund Balance prior to Amendment Updated Fund Balance Fund 2410 $1,995,728 $1,745,728

ATTACHMENTS:

Resolution, 2025 - PD IT Budget Augmentation.docx
272
Resolution No. 2025-

Page 1 of 2 ends

RESOLUTION 2025-

A RESOLUTION AUTHORIZING A BUDGET AUGMENTATION OF $250,000 FROM THE AVAILABLE UNENCUMBERED BALANCE OF FUND 2410 TO CIP 622 –

POLICE DEPARTMENT IT ROOM EXPANSION PROJECT AND AUTHORIZE THE CITY ENGINEER TO APPROVE CHANGE ORDERS NOT TO EXCEED $375,400 FOR

ADDITIONAL CHANGES DURING CONSTRUCTION

WHEREAS, the budget for FY 2023/25 includes CIP 622 Police Department IT Room Expansion Project; and

WHEREAS, the project is funded by Fund 2410 – PFE - Police; and

WHEREAS, during construction a few changes in the design were made that impacted the contract and original contingency; and

WHEREAS, additional coordination with PG&E for the new switchgear installation has prompted additional project cost not originally captured when the project was bid; and

WHEREAS, the additional work is expected to exceed the current contingency.

NOW THEREFORE BE IT RESOLVED:

The City Council of the City of Lincoln authorizes a budget augmentation of $ 250,000 from the available unencumbered balance of Fund 2410 to CIP 622 – Police Department IT Room Expansion Project and authorize the City Engineer to approve change orders not to exceed $375,400 for additional changes during construction.

PASSED AND ADOPTED this 26th day of August, 2025 by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

___________________________
Holly Andreatta, Mayor

ATTEST:

273
Resolution No. 2025-

Page 2 of 2 ends

Hope Ithurburn, City Clerk

274
SUBJECT:

Waive Second Reading and Adopt by Title only an Ordinance acting in its capacity as the legislative body of the City of Lincoln Community Facilities District No. 2025-1 (Joiner Ranch East) authorizing the levy of Special Taxes. (Nita Wracker) SUBMITTED BY:

Nita Wracker
DEPARTMENT:

Finance
DATE:

August 26, 2025

Item Number 7.J

STAFF RECOMMENDATION:

Staff recommends that the City Council waive second reading and adopt by title only Ordinance 1098B, acting in its capacity as the legislative body of the City of Lincoln Community Facilities District No. 2025-1 (Joiner Ranch East) authorizing the levy of Special Taxes.

BACKGROUND/INTRODUCTION:

On August 12, 2025, the City Council adopted a Resolution establishing the City of Lincoln Community Facilities District No. 2025-1 (Joiner Ranch East) and Calling an Election therein, and adopted a Resolution Determining Necessity to Incur Bonded Indebtedness for City of Lincoln Community Facilities District No. 2025-1 (Joiner Ranch East), and adopted a Resolution Certifying Election Results. Additionally City Council waived first reading and introduced by title only Ordinance 1098B, acting in its capacity as the legislative body of the City of Lincoln Community Facilities District No. 2025-1 (Joiner Ranch East) authorizing the levy of Special Taxes.

FISCAL IMPACT:

The Special Tax rates range from $3,464 for units under 1,625 sq/ft to $4,016 for units greater than 2,000 sq/ft. The special taxes will escalate annually by 2%.

ATTACHMENTS:

4._Ordinance__City_of_Lincoln_CFD_No._2025-1__Joiner_Ranch_East___4929-9503- 5732_3.docx

STAFF REPORT
275
Stradling Yocca Carlson & Rauth
Draft of July 23, 2025

4929-9503-5732v3/024161-0011
ORDINANCE NO. 1098B

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LINCOLN,

CALIFORNIA, ACTING I N ITS CAPACITY AS TH E LEGISLATIVE BODY O F CITY OF LINCOLN COMM UNITY FACILITIES DISTRICT NO. 2025-1 (JOINER

RANCH EAST) AUTHORIZING THE LEVY OF SPECIAL TAXES
WHEREAS, on June 24, 2025, the City Council (the “City Council”) of the City of Lincoln (the “City”) adopted Resolution No. 2025-087 declaring its intention to form City of Lincoln Community Facilities District No. 2025-1 (Joiner Ranch East) (the “District”) pursuant to the Mello- Roos Community Facilities Act of 1982, as amended, comprising Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”), and its Resolution No. 2025-088 declaring its intention to incur bonded indebtedness for the District; and WHEREAS, on August 12, 2025, after providing all notice required by the Act, the Ci ty Council conducted a noticed public hearing required by the Act relative to the proposed formation of the District, the proposed levy of a special tax therein to finance certain public facilities described in Resolution No. 2025-087 and to secure the payment of any bonded indebtedness of the District, and the proposed issuance of bonded indebtedness in one or more series in the maximum aggregate principal amount of $ 23,500,000, as described in Resolution No. 25-088; and
WHEREAS, at the August 12, 2025 public hearing, all persons desiring to be heard on all matters pertaining to the formation of the District and the proposed levy of the special tax to finance the facilities described in Resolution No. 2025-087 and to secure the payment of bonded indebtedness in the maximum aggregate principal amount of $ 23,500,000 of the District as described in Resolution No. 2025-088 (the “Bonds”) were heard and a full and fair hearing was held; and
WHEREAS, on August 12, 2025, the City Council adopted Resolution No s. 2025-120, 2025-121, and 2025-122 which formed the District and called a special election within the District on August 12, 2025 on three propositions relating to the levy of a special tax within the District, the issuance of the Bonds and the establishment of an appropriations limit within the District; and WHEREAS, on August 12, 2025, a special election was held within the District at which the qualified electors approved by more than a two thirds vote Propositions A, B, and C authorizing the levy of a special tax within the District for the purposes described in Resolution 2025-120, the issuance of the Bonds as described in Resolution No. 2025-121 and establishing an appropriations limit for the District; and

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LINCOLN, CALIFORNIA,

ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF CITY OF LINCOLN COMMUNITY FACILITIES DISTRICT NO. 2025 -1 (JOINER R ANCH EAST) DOES HEREBY ORDAIN AS FOLLOWS:
276
2 4929-9503-5732v3/024161-0011
Section 1. The above recitals are all true and correct.

Section 2. By the passage of this Ordinance, the City Council authorizes and levies special taxes within the District pursuant to Sections 53328 and 53340 of the Act at the rates and in accordance with the rate and method of apportionment set forth in Attachment C to Resolution No. 2025-087, which is incorporated by reference herein (the “Rate and Method”). The special taxes are hereby levied commencing in the fiscal year specified in the Rate and Method and in each fiscal year thereafter until payment in full of the Bonds (including any bonds issued to refund the Bonds), payment of all costs of the public facilities and services authorized to be financed by the District, and payment of all costs of administering the District.

Section 3. Each of the Mayor, the City Manager, the Assistant City Manager , the Director of Finance, or their written designees (each, an “Authorized Officer”), acting alone, is hereby authorized and directed each fiscal year to determine the specific special tax rates and amounts to be levied in such fiscal year on each parcel of real property within the District, in the manner and as provided in the Rate and Method. The special tax rate levied on a parcel pursuant to the Rate and Method shall not exceed the maximum rate set forth in the Rate and Method for such parcel, but the special tax may be levied at a lower rate. Each Authorized Officer is hereby authorized and directed to provide all necessary information to the Treasurer-Tax Collector of the County of Placer and to otherwise take all actions necessary in order to effect proper billing and collection of the special tax, so that the special tax shall be levied and collected in sufficient amounts and at times necessary to satisfy the financial obligations of the District in each fiscal year, and with respect to Special Tax, until the Bonds are paid in full, the facilities have been paid for, and provision has been made for payment of all of the administrative costs of the District.

Section 4. Properties or entities of the state, federal or other local governments shall be exempt from the special tax, except as o therwise provided in Sections 53317.3 and 53317.5 of the Act and Section G of the Rate and Method. No other properties or entities are exempt from the special tax unless the properties or entities are expressly exempted in Resolution No. 2025- 120 or in a resolution of consideration to levy a new special tax or special taxes or to alter the rate or method of apportionment or an existing special tax as provided in Section 53334 of the Act.

Section 5. All of the collections of the special tax shall be used as provided f or in the Act, the Rate and Method and Resolution No. 2025-120.

Section 6. The special tax shall be collected in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same penalties and the same procedure, sale and lien priority in case of delinquency as is provided for ad valorem taxes (which such procedures include the exercise of all rights and remedies permitted by law to make corrections, including, but not limited to, the issuance of amended or supplemental tax bills), a s such procedure may be modified by law or by this City Council from time to time.

Section 7. As a cumulative remedy, if any amount levied as a special tax for payment of the interest or principal of the Bonds (including any bonds issued to refund the Bonds), together with any penalties and other charges accruing under this Ordinance, are not paid when due, the City Council may, not later than four years after the due date of the last installment of principal on the Bonds (including any bonds issued to refund the Bonds), order that the same be collected by an action brought in the superior court to foreclose the lien of such special tax, as authorized by the Act.
277
3 4929-9503-5732v3/024161-0011
Section 8. The Mayor of the City shall sign this Ordinance and the City Clerk or Deputy City Clerk (referred to herein as the “City Clerk”) shall attest to the Mayor’s signature and then cause the same to be published within fifteen (15) days after its passage at least once in The Lincoln New Messenger, a newspaper of general circulation published and circulated in the City of Lincoln.

Section 9. The specific authorization for adoption of this Ordinance is pursuant to the provisions of Section 53340 of the Act.

Section 10. The City Clerk is hereby authorized to transmit a certified copy of this ordinance to the Treasurer -Tax Collector of the County of Placer, and to perform all other acts which are required by the Act, this Ordinance or by law in order to accomplish the purpose of this Ordinance.

Section 11. A full reading of this Ordinance is dispensed with prior to its final passage, a written or printed copy having been available to the City Council and the public a day prior to its final passage.

Section 12. This Ordinance shall take effect thirty days after its final passage.

PASSED AND ADOPTED this 26th day of August, 2025, by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

RECUSED:

______________________________
Holly Andreatta, Mayor
[Seal]

ATTEST:

_______________________________
Hope Ithurburn, City Clerk

278
SUBJECT:

Lincoln Public Library Funding and Community Aspirations Report from Constructive Disruption, Inc. (Kathryn Hunt) SUBMITTED BY:

Kathryn Hunt
DEPARTMENT:

Library
DATE:

August 26, 2025

Item Number 9.A

STAFF RECOMMENDATION:

Staff recommends the City Council receive the
Lincoln Public Library Funding and Community
Aspirations Report from Constructive Disruption, Inc.

BACKGROUND/INTRODUCTION:

In November 2024, staff executed a contract with Constructive Disruption, Inc. for a report assessing both current library services and community aspirations regarding library services.

This report was triggered by the City Council’s strategic goal 10 to conducting an analysis of current and future City library service and facility needs, as well as the June 30 th
, 2024 notice
that Sierra College would be withdrawing from the Lincoln Public Library at Twelve Bridges Joint Use Agreement on June 30, 2025. The goal of the report project was to gain important information about what services community aspired to receive from their library, as well as an assessment of how changes to library funding could affect the library’s ability to meet these community aspirations.

FINDINGS/ANALYSIS:

Between December 2024 and May 2025, Constructive Disruption, Inc. staff worked with library staff and members of the project planning team to collect community input. This included input from the project planning team members and their networks; the Library Advisory Board and Library Advisory Committee; library staff of all levels; and the community at large via a public survey, outreach materials distributed via library programs, and community town hall and design thinking events. The final report synthesized this information with data from the Library and City planning documents. This report highlights the impact of funding on library services historically, and identifies three potential paths forward: a reduction in services due to the loss of Sierra College’s contribution, a maintenance of current funding, and the challenges of adding a new partner with new service expectations. There is also a discussion of what a more robustly funded model of the library may be able to provide, and some general recommendations. All of the paths other than the funded model present challenges to

STAFF REPORT
279
providing the library services the community desires, given that the Library is currently funded well below the state median per capita and the current demands on the General Fund.

FISCAL IMPACT:

There is no fiscal impact, as this is a report only.

ATTACHMENTS:

Lincoln Library Funding and Community Aspirations Report 2025.pdf 280
Lincoln
Library
Funding
and
Community
Aspirations
Report
Prepared by Constructive Disruption
2025
281
Lincoln Library Funding and
Community Aspirations Report
Executive Summary 2
History of Lincoln 5
Community Demographics 8
An Overview of the Lincoln Public Library 1 2
Lincoln Public Library’s Budget in Context 16
Comparing Lincoln With Its Peers 20
The Lincoln Community’s Vision of the Library 2 6
Strengths 2 6
Opportunities 2 7
Aspirations 30
Paths Forward for the Lincoln Public Library 3 3
A Loss in Service: Maintaining a single-location service point at Twelve Bridges with 75% of the current budget 3 6
The status quo: maintaining a single-location service point at Twelve Bridges with the current budge t 3 9
Adding a new partner — and adding additional services 4 2 A Funded Model 4 5
Future Considerations for Library Service 5 2
Notes on Developing the Paths Forward 5 3
Methodology and Resources 5 6
About Constructive Disruption 63
page 1
282

Executive Summary

The

Lincoln

Public

Library

facing,

2025

and

the

several

years

come,

signiﬁcant

challenge

with

its

budget,

Sierra

College,

original

participant

the

joint

use

agreement

for

the

Twelve

Bridges

location,

has

given

its

notice

withdraw

from

the

agreement.

This

withdrawal

causes

the

Library

lose

25%,

worth

$222,212

the

FY25

budget,

its

budget.

While

the

City

has

agreed

sustain

the

Library

current

levels

order

give

time

for

new

solutions

found,

the

situation

grave.

There

are

good

options

for

the

replacement

these

funds

the

timeframe

needed.

Lincoln

community

has

enjoyed

sustained

period

rapid

growth,

which

anticipated

continue

throughout

the

several

decades.

Growing

from

community

approximately

12,000

2000

than

50,000

today,

projections

from

the

General

Plan

estimate

Lincoln

will

have

than

130,000

residents

within

the

25 years.

During

this

time

rapid

growth,

however,

Lincoln

has

faced

ﬁnancial

challenges,

and

the

Library’s

budget

has

not

been

able

grow

the

pace

necessary

maintain

steady

level

services;

the

Lincoln

Public

Library’s

budget,

had

maintained

level

support

since

2008

pace

with

the

growth

population

and

with

inﬂation,

should

125%

larger

than

the

FY23

allocation,

approximately

$2,242,422.

Not

only

does

Lincoln

have

grapple

with

this

immediate

budget

shortfall,

must

while

grappling

with

decades

underinvestment

that

have

left

the

Library

without

the

ability

withstand

funding

and

service

cuts.

the

same

time,

the

Lincoln

Public

Library

staff

have

been

working

hard

serve

students

and

the

community

this

challenging

funding

environment,

and

provide

level

service

that

far

exceeds

the

available

resources

all

categories
.

When

compared

their

peers

terms

staffing

expenditures

and

staffing

capacity,

cannot

overstated

how

thoughtful,

efficient,

and

committed

the

Lincoln

Public

Library

staff

are

ensuring

patrons

receive

personalized

and

meaningful

service.

Lincoln’s

overall

expenditures

are

less

than

half

the

statewide

median,

and

only

29%

the

statewide

average;

only

29 of

the

186

public

libraries

California

have

lower

page

2 283

overall

expenditure

per

capita.

Furthermore,

the

182

public

libraries

California

who

reported

staff

expenditure

data,

only

19 have

lower

per

capita

ﬁgure

spending

staff

than

Lincoln.

This

low

level

investment

out

alignment

with

the

City’s

plans

and

policies

that

demonstrate

support

for

proportionate

and

thoughtful

level

library

service

that

accessible

members

across

the

community.

What

essential

note

that,

even

its

current

level

funding,

and

certainly

before

the

25%

reduction

that

comes

from

Sierra

College

pulling

out

the

joint

use

agreement,

the

Library

not

able

adequately

meet

the

demand

either

its

public

school

stakeholders

because

does

not

have

enough

staff.

This

report

the

three

most

likely

paths

for

library

service

Lincoln

over

the

ﬁve

years:

●

loss

service:

maintaining

single-location

service

point

Twelve

Bridges

with

75%

the

current

budget.

This

report

recommends

the

services

provided

the

Library

restructured

adequately

represent

the

investment

each

remaining

party:

the

City

funds

85%

the

budget,

well

holding

the

responsibility

for

maintenance.

The

hours,

services,

programs,

and

collections

must

repositioned

ensure

the

signiﬁcant

majority

the

beneﬁt

library

services

will

directly

impact

community

users,

opposed

users

from

the

school.

Service

this

level

will

see

40-50%

cut

staffing

and

open

hours.

●

The

status

quo:

maintaining

single-location

service

point

Twelve

Bridges

with

the

current

budget.

For

this

option

viable

the

timeframe

necessary

requires

additional

investment

from

the

school

district

and

reopening

and

renegotiation

the

MOU.

●

Adding

new

partner

—

and

adding

additional

services.

The

City

wishes

see

new

partner

come

replace

Sierra

College;

replacing

the

funding

lost

Sierra

College’s

withdrawal

ﬁnding

new

partner

will

not

maintain

current

Library

service

because

that

partner

will

come

with

service

expectations

and

the

need

for

additional

infrastructure

manage

the

level

investment.

Since

page

3 284

any

new

partner

providing

such

substantial

annual

investment

will

expect

see

services

that

meet

their

needs

commensurate

with

that

investment,

this

path

means

even

the

City

able

ﬁnd

such

substantial

partner,

there

will

not

increase

access,

hours,

service

the

Twelve

Bridges

location.

This

report

does

contain

suggestions

for

what

funded

model

could

look

like.

Such

model

would

incorporate

the

kinds

services

and

offerings

the

community

expressed

their

interest

during

the

engagement

portion

this

project

and

focus

strongly

opportunities

for

increased

access.

page

4 285

History of Lincoln
The

city

Lincoln

was

founded

1859,

then

village,

when

the

original

townsite

was

surveyed.

Intended

temporary

terminus

the

California

Central

Railroad,

the

railroad’s

president,

Charles

Lincoln

Wilson,

gave

the

town

its

name.

Lincoln

was

formally

incorporated

1890.

Lincoln

has

long

history

settlement

from

well

before

the

railroad,

beginning

with

the

Nisenan,

Miwuk,

and

Maidu

peoples,

who

are

indigenous

Northern

California

and

have

been

present

their

homelands

what

now

the

greater

Sacramento

Metropolitan

Area

for

than

5,000

years.

Until

termination

Congress

1964,

the

area

was

home

multiple

rancherias,

mini-reservations,

including

the

Nevada

City

Rancheria

the

Nisenan

and

the

Auburn

Rancheria

the

Miwuk

and

Maidu,

now

part

the

United

Auburn

Indian

Community

(UAIC).

The

UAIC

owns

and

operates

the

Thunder

Valley

Casino

Resort,

the

area’s

ﬁrst

casino,

which

opened

2003.

Following

the

completion

the

railroad,

which

continued

past

Lincoln,

the

town

remained

relatively

small

until

the

discovery

coal

the

1870s,

which,

during

mining,

uncovered

high

quality

clay

deposits.

result

these

clay

deposits,

Gladding,

McBean

Co.

was

founded

1875

and

remains

leading

industry

Lincoln,

noted

ceramics

and

architectural

terracotta

pioneer

—

Gladding,

McBean

Co.

terracotta

what

makes

the

distinctive

architecture

many

the

buildings

Stanford

University,

for

example.

Even

this

industry

grew,

the

areas

surrounding

downtown

central

Lincoln

remained

mostly

agricultural

rural.

Lincoln

remained

“sleepy”

until

the

mid

1990s,

when

the

greater

Sacramento

Metropolitan

Area

saw

signiﬁcant

level

rapid

development.

Between

2000,

when

the

population

was

approximately

12,000,

and

2010,

when

had

grown

43,000,

Lincoln

grew

282

percent;

the

time,

Lincoln

was

the

fastest-growing

city

over

10,000

the

United

States,

and

was

the

fastest-growing

city

California

for

two

years

row

prior

the

2008-2009

recession.

The

2020

census

shows

Lincoln

have

population

approximately

49,000,

and

the

most

recent

California

Public

Library

Statistics
,

from

2022-2023,

shows

the

population

52,313.

page

5 286

The

City

Lincoln

has

ambitious

plan

for

expansion

and

annexation

that

will,

once

ﬁnished,

potentially

grow

the

population

than

130,000,

with

anticipated

doubling

the

current

population

approximately

100,000

the

20-25

years.

The

village

concept,

laid

out

the

General

Plan

Update

adopted

March

2008,

plans

for

seven

individual

villages

within

the

city,

each

linked

Lincoln’s

historic

downtown,

which

will

act

central

gathering

place

for

the

community.

Each

village

planned

have

its

own

commercial

center,

mix

high

density,

medium

density,

and

low

density

residential

areas

interconnected

walking

and

biking

trails,

and

high

level

open

and

green

space

help

retain

the

“small

town

feel.”

City

Lincoln

Development

Map

Lincoln

grows,

city

leadership,

through

the

village

model,

has

expressed

dedication

retaining

what

made

Lincoln

special

when

was

city

10,000.

Lincoln

Mayor

Holly

Andreatta,

when

speaking

with

Business

View

Magazine

2022,

shared,

“There

are

many

special

characteristics

about

Lincoln

that

make

home.

Lincoln

growing,

but

the

downtown

holds

all

together.

It’s

still

got

that

old

feel

it.”

This

feeling

about

Lincoln

was

also

mentioned

focus

groups

held

part

this

project,

page

6 287

with

planning

team

participants

noting

that

“Lincoln

growing

VERY

fast

—

how

[do

we]

keep

what

special…

why

people

are

moving

here.”

Former

City

Council

member

Paul

Joiner,

the

same

article

Mayor

Andreatta,

added

“[w]e’ve

heard

two

phrases

from

visitors

and

from

folks

who

are

new

Lincoln,

they

say

it’s

Mayberry,

it’s

Hallmark.

Yes,

the

architecture

and

our

history

play

role

that,

but

it’s

the

people

that

make

Lincoln

great,

and

it’s

the

people

that

you

want

around.”

City

Manager

Sean

Scully

said,

“What

think

really

different

about

Lincoln

that

blend

between

rural

lifestyle

and

modern

convenience.

We’re

not

center

point

all

commerce

Placer

County,

but

you

live

the

community,

most

the

things

that

are

really

important

families

exist

here

and

are

really

nice.

It’s

very

diverse

place,

and

really

does

feel

Hallmark

Norman

Rockwellian

Americana.”

This

approach

has

been

consistent

for

decades.

the

“Lincoln

Today”

section

the

2003

Community

Library

Needs

Assessment

prepared

Stockton

Associates,

the

consultants

the

time

wrote:

[t]he

city

has

small,

historic

town

charm

that

most

residents

want

see

continued.

This

evidenced

the

strong

desire

for

the

existing

Carnegie

Library

continue

function

library

after

the

new

library

built.

Long-time

residents

can

easily

get

the

feeling

that

their

town

being

overtaken

newcomers

anxious

bring

their

urban

lifestyles

the

small

town,

yet

many

newcomers

Lincoln

want

precisely

"get

away"

from

the

big

city,

urban

environment.

Lincoln's

citizens

and

town

government

have

dealt

with

this

immense

change

and

has

developed

"can

do"

approach

city

governance

and

citizen

involvement.

The

town

clearly

welcomes

newcomers

yet

wants

maintain

much

the

beneﬁts

small

town

possible.

While

Lincoln

today

the

midst

enormous

transition,

maintains

its

direction

family-oriented

community,

good

place

raise

children,

maintain

family

values,

and

create

sense

history

and

roots.

place

where

everyone

welcome.

page

7 288

Community Demographics

The

population

Lincoln

has

experienced

signiﬁcant

growth

over

the

past

15 years,

with

the

population

rising

from

11,205

2000

nearly

52,000

today.

With

than

half-dozen

new

neighborhoods

under

construction,

there

are

thousands

homes

planned

for

residency

over

the

coming

25 years.

This

residential

development

will

nearly

triple

the

population

Lincoln.

Development

through

planned

growth

strategy

around

“village”

concept,

with

each

village

integrating

its

own

residential,

commercial

and

recreational

areas.

the

concept

level,

there

should

incorporated

into

each

village

infrastructure

and

operational

support

sustain

and

anchor

the

delivery

library

services

the

village

level.

The

2023

Lincoln

population

51,629.
1 up

6.3%

from

the

2010

Census

count

42,819.

Age
2 The

median

age

Lincoln

nearly

44 years

old,

with

32%

the

population

aged

60 and

above.

The

youth

population

(under

24)

30%

the

community.

38%

the

community

the

prime

their

working

ages,

from

24 through

59 years

old.

generational

terms,

Lincoln

young

place.

The

2 U.S.

Census

Bureau.

"Age

and

Sex."

American

Community

Survey,

ACS

5-Year

Estimates

Detailed

Tables,

Table

B19001,

2023.

Accessed

April

2024.

1 American

Community

Survey,

ACS

5-Year

Estimates

Detailed

Tables.

Accessed

April

2024.

page

8 289

younger

Generations

Alpha

Beta,

and

Gen

comprise

the

majority

the

population

(52%).

Generation

smaller

percentage

the

whole;

1 out

6 belong

this

group

(16%).

Even

smaller

the

silent

generation;

fewer

than

1 out

10 belong.

One

quarter

the

population

are

baby

boomers

(24%).

Race

Ethnicity
3 7

out

10 community

members

Lincoln

are

white

(72%),

while

1 out

12 are

Asian.

There

are

signiﬁcantly

smaller

populations

American

Indian

(3%),

Black

African

American

(4%)

Native

Hawaiian/Paciﬁc

Islander

(1%).

Together,

1 out

12 residents

belong

these

groups.

The

Hispanic

Latino

population

crosses

several

race

categories.

Together,

this

segment

Lincoln

1 out

5 people

(19%).

The

majority

the

Hispanic

Latino

population

Mexican

origin

(74%).

Language

Spoken

Home
4 Most

people

Lincoln

speak

English

home

(85%).

For

those

who

speak

another

language

home,

the

predominant

language

Spanish

(48%),

followed

other

Indo

European

languages

(26%)

and

then

Asian

languages

(22%).

4 U.S.

Census

Bureau.

"Language

Spoken

Home.”

American

Community

Survey,

ACS

5-Year

Estimates

Detailed

Tables,

2023.

Accessed

April

2024.

3 U.S.

Census

Bureau.

"Demographic

and

Housing

Estimates.”

American

Community

Survey,

ACS

5-Year

Estimates

Detailed

Tables,

2023.

Accessed

April

2024.

page

9 290

Housing

Households
5 There

are

19,481

households

Lincoln.

the

coming

25 years,

anticipated

that

the

number

households

will

increase

50%

result

planned

development.

The

Village

1 and

7 developments

underway

will

alone

increase

the

number

households

25%.

Economics
6 The

median

individual

income

Lincoln

just

above

the

rest

the

State

California.

Lincoln

USA

$51,978

$49,595

$42,220

Similarly,

the

median

household

income

the

rest

the

State

California.

Lincoln

USA

$108,108

$95,521

$80,610

closer

look

household

income

provides

nuanced

view:

6 U.S.

Census

Bureau.

"Household

Income

the

Past

12 Months

(in

2023

Inﬂation-Adjusted

Dollars)."

American

Community

Survey,

ACS

5-Year

Estimates

Detailed

Table.

Accessed

April

2024.

5 U.S.

Census

Bureau.

"Households

and

Families."

American

Community

Survey,

ACS

5-Year

Estimates

Detailed

Tables,

2023.

Accessed

April

2024.

page

10 291

1 out

5 households

earn

nearly

double

the

median

household

income

(20%),

and

almost

half

households

make

less

than

the

median

household

income

(45%).

This

data

suggests

there

wealth

disparity

when

considering

household

income

Lincoln,

looking

the

highest

and

lowest

levels

earning.

With

the

scale

planned

development,

the

distribution

housing

types

(for

example,

Village

36%

the

planned

units

will

for

low

density

residential

—

larger

homes

larger

lots,

and

therefore,

higher

price

points

—

while

half

that,

18%,

allocated

for

high

density

residential,

which

will

likely

include

affordable

housing

and

apartment

options),

and

the

relative

cost

new

housing

overall,

can

anticipated

that

the

wealthiest

and

most

highly

educated

segments

the

population

for

Lincoln

the

segment

that

will

continue

grow.

This

proﬁle

aligns

many

cases

with

the

projections

the

2003

Community

Library

Needs

Assessment

prepared

Stockton

Associates,

which,

section

5.4,

“Lincoln’s

Future,”

shared:

can

anticipate

that

this

group

new

residents

will

have

higher

average

education

level

than

the

current

average

Lincoln

resident,

that

large

portion

them

will

young

families

with

children,

that

there

will

large

portion

55+

new

residents

due

the

increase

housing

stock

the

retirement

communities

Lincoln,

and

that

there

will

diversity

among

the

new

residents,

reﬂective

the

general

trend

throughout

California.

The

Lincoln

resident

the

future

will

probably

very

different

from

the

resident

today,

but

will

have

many

the

same

values.

page

11 292

An Overview of the Lincoln Public Library

Lincoln’s

ﬁrst

library

was

built

about

twenty

years

after

incorporation,

1909,

and

was

funded

Carnegie

grant

with

the

required

community

funding

coming

from

Gladding,

McBean

Co.

and

Lincoln

residents.

Located

downtown,

the

Carnegie

library

served

the

community

for

over

hundred

years

before

closing

2011.

Prior

the

Carnegie,

Lincoln's

earliest

library

facility

was

1890

reading

room

Ahart’s

Hall,

opened

the

year

that

Lincoln

was

incorporated

and

supported

public

taxation

starting

1904.

1906,

Mabel

Prentiss,

State

Library

organizer,

appeared

before

the

Lincoln

city

board

trustees

and

explained

state

law

relative

establishment

public

libraries

and

spurring

the

interest

and

investment

that

resulted

the

support

for

the

Carnegie

library

facility

and

its

services.

Lincoln’s

current

library,

located

the

Twelve

Bridges

area,

was

opened

2007

support

the

tremendous

growth

that

Lincoln

had

experienced

the

early

2000s.

The

large,

modern

40,000

square

foot

library

was

designed

joint-use

library,

with

unique

three-way

agreement

between

the

Western

Placer

Uniﬁed

School

District,

Sierra

College,

and

the

City

Lincoln.

The

co-located

Twelve

Bridges

High

School

opened

2021;

Sierra

College’s

co-located

campus

was

not

built,

and,

after

ten

years

support

for

the

facility,

withdrawing

page

12 293

from

the

joint

use

agreement

June

2025.

The

joint

use

agreement

has

the

City

funding

60%

the

library’s

budget,

Sierra

College,

25%,

and

the

Western

Placer

Uniﬁed

School

District,

15%.

Lincoln

has

small

staff

—

6.52 full

time

equivalent,

FTE

—

tasked

with

providing

services

the

over

1,200

students

the

Twelve

Bridges

High

School

well

the

Lincoln

community.

The

Library

open

average

36 hours

week,

and

offers:

●

large

collection;

●

multiple

digital

collection

offerings,

including

OverDrive,

Kanopy,

and

Hoopla;

●

materials

Native

American

history,

issues,

and

culture,

funded

annually

with

the

United

Auburn

Indian

Community;

●

signiﬁcant

seating

space;

●

multiple

meeting

rooms

varying

sizes,

including

small

study

rooms;

●

40 public

access

computers;

●

exam

proctoring;

●

adult

literacy

tutoring,

via

volunteers;

●

remote

pickup

via

holds

lockers

the

Twelve

Bridges

location

and

the

Lincoln

Community

Center;

and,

●

small

outreach

program,

offering

off-site

engagement

and

programs.

2022-2023,

Lincoln

Public

Library

held

354

programs,

with

attendance

7,953.

Lincoln

member

the

NorthNet

Library

System,

consolidated

regional

system

over

40 libraries

northern

California,

and

one

nine

similar

systems

throughout

the

state

supported

part

the

California

State

Library.

NorthNet

Library

System

members

resources,

participate

aggregated

purchasing

materials,

and

collaborate

programming

and

staff

training,

with

goal

“to

achieve

efficiencies

and

realize

further

economies

scale.”

page

13 294

Budget

The

Library’s

operating

(non-capital)

budget

2022-2023

was

reported

$975,699,

and

the

main

expenditures

are

presented

the

table

below.

Lincoln’s

total

budget

for

its

library

ranks

the

9th

percentile

compared

the

rest

the

State.

54%

the

total

budget

expended

staffing.

This

cost

relatively

low

compared

other

libraries,

reﬂecting

the

small

size

the

staff.

37%

the

budget

allocated

annual

operating

costs.

the

budget

allocated

collections.

Public

Facilities

Elements

(PFE)

fees

are

used

fund

library

collections.

Most

libraries

strive

spend

least

10%

their

annual

budget

their

collections.

Lincoln

9%,

but

these

collection

funds

are

not

funds

guaranteed

through

the

municipal

budget;

they

are

funded

through

PFE

fees,

which

are

nature

intended

support

the

expansion

library

services

relation

the

growth

the

community.

Right

now,

the

PFE

fees

are

subsidizing

the

Library

budget

instead

additively

supporting

the

expansion

library

collections

other

infrastructure

development

support

community

growth.

The

Lincoln

Public

Library

further

supported

the

Friends

Lincoln

Library

(FOLL),

which

was

awarded

the

2025

Service

Organization

the

Year

Award

the

page

14 FY

2022-2023

Lincoln

Public

Library

Total

Budget

$975,699

Salaries

Wages

$397,779

Staff

beneﬁts

$127,036

Physical

collections

$56,350

Digital

collections

$27,057

Other

annual

operating

costs

$364,832

295

Lincoln

Area

Chamber

Commerce.

FOLL

gives

approximately

$100,000

per

year

support

the

Library,

including,

2025:

●

$22,500

support

literacy

programs

and

programs

for

young

people,

such

Read

Across

Lincoln,

the

Summer

Reading

Program,

Read

Baby

Literacy

Kits,

Family

Story

Time,

Free

Book

Giveaways,

School

Tours,

and

the

Teen

Advisory

Board

Meetings;

●

$38,000

for

the

library’s

collection,

including

Large

Books,

Adult

Spanish

Language

Books,

Children

and

Teen

Magazines,

Hoopla,

and

Kanopy;

●

$35,950

for

library

programs,

events

and

outreach

activities,

such

Mother

Goose

the

Loose,

Family

Movie

Night,

the

Downtown

Book

Locker,

Monthly

Newsletter,

Community

Outreach

Activities,

and

Group

Library

Tours.

with

the

PFE

fees,

the

level

support

from

the

Friends

double-edged

sword:

the

funding

essential

supporting

and

providing

these

services,

access,

and

programs,

but

the

majority

these

items

are

core

services

the

Library

and

should

fully

funded

and

represented

the

Library’s

municipal

budget

with

any

annual

discretionary

funding

supporting

capital

projects

and

additional

access.

page

15 296

Lincoln Public Library’s Budget in Context

Historical

Budget

Overview,

Lincoln

Public

Library
7 Over

the

past

ﬁfteen

years,

the

Lincoln

Public

Library

has

had

wildly

variable

annual

budget.

The

ﬁrst

three

years

the

table

demonstrate

spending

that

supported

service

both

the

Carnegie

and

Twelve

Bridges

libraries,

with

the

budget

ﬁfteen

years

ago

17%

greater

than

currently.

Expenditures

per

capita

have

also

varied

signiﬁcantly,

from

low

$8.64

2012-2013

high,

2008-2009,

$27.29.

can

challenging

maintain

service

levels

and

retain

staff

with

such

variable

funding,

and

can

clearly

seen

the

7 California

State

Library.

California

Public

Library

Statistics:

State

Data

Key

Ratios,

Resources,

Expenditure
,

ca.countingopinions.com/index.php?page_id=3
.

Accessed

19 April

2025.

page

16 Year

Total

Operating

Budget

Expenditures

Per

Capita

Expenditure

Staffing

2008-2009

$1,197,177

$27.29

64.28%

2009-2010

$944,783

$22.67

53.75%

2010-2011

$814,222

$18.83

50.44%

2011-2012

$496,713

$11.40

57.88%

2012-2013

$378,793

$8.64

58.63%

2013-2014

$434,671

$9.62

49.30%

2014-2015

Statistics

not

reported

accurately

2015-2016

$705,912

$11.32

55.37%

2016-2017

$600,851

$11.78

56.99%

2017-2018

$608,133

$12.39

51.74%

2018-2019

$890,265

$15.77

51.93%

2019-2020

$1,144,310

$16.20

49.54%

2020-2021

$867,037

$15.75

51.76%

2021-2022

$943,271

$18.26

59.86%

2022-2023

$996,632

$18.65

53.79%

297

dashed

orange

line

the

chart

below,

representing

the

trend

funding

overall,

which

shows

that

funding

has

not

been

keeping

pace

with

growth

over

the

past

15 years,

even

the

City

has

made

investments

the

library

following

the

signiﬁcant

ﬁnancial

struggles

following

2009.

that

time,

Lincoln

has

added

approximately

10,000

new

residents

while

the

overall

support

for

library

services

have

continued

decline;

any

allocation

City

funds

must

keep

pace

with

population

growth

order

maintain

the

current

level

services

the

Library

provides

—

while

also

noting

that

public

expectations

for

library

service

are

still

the

levels

provided

before

the

budget

cuts.

the

2050

General

Plan,

developed

2008,

there

are

multiple

policies

that

suggest

the

library

should

have

seen

continued

investment

over

these

past

15 years;

these

policies

are

part

Goal

PSF-9

the

Community

Facilities

section:

“To

ensure

that

adequate

community

facilities

are

provided

and

are

conveniently

located

order

meet

the

needs

residents

the

city.”

Policy

statements

include:

●

Policy

PFS‐9.3

Expand

Library

Services

The

City

shall

continue

expand

library

services,

according

adopted

City

library

standards

(0.7

square

feet

per

capita),

meet

the

educational,

informational,

and

cultural

needs

all

community

residents.

page

17 298

●

Policy

PFS‐9.4

Funding

Mechanism

for

Libraries

The

City

shall

provide

funding

mechanism

for

the

construction

and

operation

libraries

within

the

city.

●

Policy

PFS‐9.5

Siting

Libraries

The

City

shall

locate

libraries

near

adjacent

other

City

facilities,

such

schools

and

parks,

wherever

possible.

●

Policy

PFS‐9.6

Community

Facilities

The

City

shall

ensure

that

community

facilities,

including

senior

adult

services

center,

gymnasiums,

aquatic

center,

and

library,

planned

and

provided

for

future

residents

the

city.

These

policy

statements

suggest

that

the

City

intended,

the

time

developing

their

long-range

plan,

than

double

the

available

library

square

footage

(0.7

square

feet

per

resident

the

eventual

130,000

residents

equals

total

91,000

square

feet

library

service

space);

ensure

library

services

were

funded

the

City;

that

libraries

would

located

near

schools

and

parks,

both

which

are

well-represented

the

various

village

annexation

plans;

and

that

these

kinds

municipally

funded

community

facilities

(parks,

libraries,

community

centers)

were

important

and

vital,

not

just

for

residents

now,

but

for

future

residents.

These

sentiments

are

continuation

decades

similar

perspectives

the

importance

library

services,

stretching

back

1988,

when,

highlighted

the

2003

Community

Library

Needs

Assessment:

[T]he

City

Council

adopted

General

Plan

that

recognized

the

need

expand

replace

public

facilities,

including

additional

library

services.

The

Public

Facilities

element

the

General

Plan,

amended

1998,

supported

Library

facilities

construction

and

suggested

additional

24,000

square

feet

library

space

would

required

meet

the

library

needs

the

community.

The

Facilities

Element

further

stated

that

libraries

should

located

adjacent

other

facilities

such

schools

and

parks,

wherever

possible.

Community

sentiment

reﬂects

the

need

for

additional

library

services

and

supports

the

idea

joint-use

facilities.

However,

after

the

work

develop

the

joint

use

service

agreement

and

the

adoption

the

2050

General

Plan,

City

investment

the

library

moved

the

opposite

direction,

starting

steep

downward

decline,

dropping

approximately

third

the

page

18 299

investment

the

Library

the

time

the

plan’s

drafting

and

reducing

available

library

hours

and

square

footage.

the

years

following

the

development

the

General

Plan,

Lincoln

faced

signiﬁcant

ﬁnancial

issues,

with

the

City

overall

facing

65%

reduction

its

budget

between

FY08

and

FY12.

then

City

Manager

Jim

Estep

shared

the

FY09

budget

narrative,

“[t]his

past

year

the

City

Lincoln

faced

its

most

challenging

budget

shortfall

30 years…

commercial

and

industrial

development

has

fallen

short

providing

the

tax

base

needed

for

core

city

services.”

Each

the

several

years

saw

additionally

challenging

budget

years;

all

general

fund

departments

were

impacted

staff

reductions

and

signiﬁcant

budget

cuts.

the

FY11

budget

narrative,

City

Manager

Estep

shared,

“Over

the

last

three

years

the

City

has

struggled

maintain

the

level

service

provided

the

departments

funded

the

General

Fund.

Different

strategies

have

been

used

each

year

develop

budget

that

balances

service

levels

and

funding

availability,

but

each

year,

for

the

past

three

years,

the

City

has

had

use

one-time

revenue

and

staffing/operating

expense

reductions

revenues

continued

plummet.

2007-08

the

General

Fund

budgeted

expenditures

equated

$456

per

capita,

and

this

year

those

expenditures

are

budgeted

drop

$281

per

capita

38 percent

reduction).”

FY12,

much

the

same:

“The

question

facing

the

City

how

continue

provide

the

level

service

that

the

citizens

Lincoln

expect

with

greatly

reduced

numbers.”

Even

Lincoln

had

wanted

maintain

level

support

for

library

services,

the

ﬁnancial

situation

did

not

allow

the

municipality

so.

However,

even

after

the

impact

these

factors

years

later,

investment

has

not

returned

similar

levels

support

service,

never

mind

growth

service.

page

19 300

Comparing Lincoln With Its Peers

When

considering

the

work

library

and

its

level

investment

support,

can

helpful

look

key

statistics

comparison

with

other

California

libraries.

Drawing

from

the

most

recent

California

Public

Library

Statistics
,

covering

2022-2023,

possible

position

Lincoln’s

access

resources

against

those

across

the

state,

with

the

statistics

and

their

comparisons

giving

sense

the

impact

the

library’s

use

and

strength

its

funding.

While

these

ﬁgures,

with

many

the

ﬁgures

the

report,

are

several

ﬁscal

years

old,

using

them

allows

ensure

like-for-like

comparison

ﬁscal

years

across

libraries

and

the

state

whole.

the

table

below,

Lincoln

Public

Library

compared

against

the

statewide

median

(which

draws

the

line

between

the

top

and

bottom

half

the

state)

and

the

statewide

average.

California’s

libraries

are

incredibly

diverse,

and

the

statewide

average

can

challenging

ﬁgure,

within

the

state

there

are

some

signiﬁcantly

underfunded

libraries

well

multiple

libraries

with

substantial

service

areas

and

even

substantial

budgets.

page

20 FY

2022-2023

Lincoln

Public

Library

Statewide

Median

Statewide

Average

Library

visits

per

capita

4.02 2.12

3.39 Collection

per

capita

2.10 1.83

2.55 Content

Use

per

capita

5.95 4.12

6.73 Expenditures

per

capita

$18.65

$41.11

$65.18

Staff

Expenditures

per

capita

$10.03

$30.54

$44.28

Total

Staff

FTE

per

1,000

population

0.12 .30

.44

301

order

help

place

Lincoln

context,

the

key

statistics

are

represented

terms

number

per

capita,

which

further

balances

these

large

discrepancies.

The

table

shows

statistics

for

library

visits

per

capita;

for

how

many

physical

collection

items

are

owned

per

capita;

the

content

use,

which

the

circulation

physical

materials

plus

the

circulation,

use,

access

digital

materials,

per

capita;

the

overall

expenditures

per

capita;

the

expenditures

just

staff

per

capita;

and,

ﬁnally,

the

number

staff

per

1,000

people

the

library

serves.

evidenced

the

table,

Lincoln

well

above

the

median

for

visits

per

capita,

which

may

explained

part

library

use

students

and

support

the

school,

well

highlighting

anecdotal

evidence

from

community

engagement

about

residents

from

around

the

greater

Sacramento

area

choosing

use

Lincoln’s

library

over

other

area

libraries.

also

especially

notable

considering

the

Library’s

limited

hours.

Similarly,

the

collection

and

content

use

per

capita

demonstrate

that

the

collection

offers

access

materials

than

the

typical

Californian

public

library.

Again,

some

this

may

driven

school

use,

and

the

collection

size

certainly

result

the

joint

use

agreement,

especially

when

considering

the

opening

day

collection

items

that

were

included

potentially

support

Sierra

College

students.

important

note

that

the

collection

size,

currently

around

121,600

items,

signiﬁcantly

older,

with

67%

the

items

with

publication

and/or

acquisition

dates

ten

years

old;

approximately

18%

the

collection

has

not

circulated

the

last

ﬁve

years.

When

looking

the

resources

Lincoln

Public

Library

has

access

order

provide

the

services

highlighted

above,

the

picture

stark.

Lincoln’s

overall

expenditures

are

less

than

half

the

statewide

median,

and

only

29%

the

statewide

average;

only

29 of

the

186

public

libraries

California

have

lower

overall

expenditure

per

capita.

the

182

public

libraries

California

who

reported

staff

expenditure

data,

only

19 have

lower

per

capita

ﬁgure

spending

staff

than

Lincoln.

Lincoln’s

expenditure

$10.03

per

capita

one-third

the

state

median

and

23%

the

state

average.

With

only

6.52 full

time

equivalents

staff

time,

Lincoln

Public

Library’s

twelve

staff

members

are

having

manage

large

facility,

complex

joint

use

page

21 302

agreement,

and

signiﬁcant

collection

for

competing

audiences

and

interests

with

extremely

limited

resources.

When

considering

these

expenditure

ﬁgures,

important

remember

they

represent

the

Lincoln

Public

Library

their

current

level

funding.

the

Library

has

take

25%

cut

its

budget,

those

ﬁgures

drop

$13.99

(overall

expenditures

per

capita)

and

$7.52

(staff

expenditures

per

capita,

assuming

staff

expenses

take

proportionate

cut).

$13.99

per

capita

for

overall

expenditures,

only

12 libraries

the

state

have

lower

rate

support;

$7.52

per

capita

for

staffing,

Lincoln

drops

into

the

bottom

ten

libraries

the

state

overall,

with

only

nine

libraries

having

lower

per

capita

expenditure

rate

staff.

may

further

illuminating

compare

Lincoln’s

ﬁgures

with

those

libraries

typically

seen

comparisons

the

Library

and

the

City,

and

which

are

also

located

the

same

geographic

region:

Roseville,

Folsom,

and

the

Placer

County

Library

system.

2022-2023

Lincoln

Public

Library

Roseville

Folsom

Placer

County

Library

visits

per

capita

4.02 2.38

2.05 1.39

Collection

per

capita

2.10 1.07

1.11 1.04

Content

Use

per

capita

6.08 7.63

6.59 3.79

Expenditures

per

capita

$18.65

$24.55

$25.65

$41.11

Staff

Expenditures

per

capita

$10.03

$16.26

$16.79

$26.73

Total

Staff

FTE

per

1,000

population

0.12 0.19

0.17 0.23

Lincoln

Public

Library

often

uses

nearby

Roseville

for

peer

comparisons.

Roseville

functions

reference

point

because

its

geographic

adjacency

and

because

page

22 303

community

members

report

comparing

Lincoln

services

those

offered

Roseville,

with

its

larger

size

and

larger

sales

tax

base.

looking

the

table

the

page,

Lincoln

Public

Library

does

have

visits

per

capita

and

larger

collection

per

capita,

but

Roseville

sees

about

17%

use

from

collection

that

nearly

half

the

size

Lincoln’s

—

suggesting

the

items

offered

Roseville

are

pertinent

the

community

and/or

are

better

alignment

with

the

needs

patrons

using

the

space.

Lincoln

spends

approximately

24%

less

its

library

per

capita

than

Roseville,

and

38%

less

per

capita

staff,

though

that

ﬁgure

roughly

alignment

with

the

size

difference

the

staff.

Spending

alignment

with

Roseville

would

add

$308,647

Lincoln’s

budget

its

FY23

levels,

for

total

$1,027,279;

applied

staffing,

that

could

result

additional

3.5 FTE

for

Lincoln.

Folsom

often

used

greater

Sacramento

area

comparison

that

seen

alignment

with

Lincoln,

municipal

library

with

single

location.

Again,

with

Roseville,

Lincoln

sees

higher

use

terms

visits

and

offers

larger

collection;

Folsom’s

collection

used

slightly

lower

rate

than

Lincoln’s.

Folsom

spends

about

27%

its

library

per

capita

than

Lincoln,

and

slightly

their

staffing,

their

staff

about

30%

larger

than

Lincoln’s

but

their

expenditures

staff

approximately

40%

greater

than

Lincoln’s.

Funding

staff

expenses

the

same

level

Folsom

would

result

additional

$353,635

Lincoln’s

FY23

budget,

for

total

$1,350,267,

which

would

support

additional

4 FTE.

There

awareness

that

Placer

County

Library

system

has

experienced

its

own

ﬁnancial

difficulties,

but

that

awareness

may

not

align

with

the

real

basis

comparison.

Considering

the

disparity

between

Lincoln

and

Placer

County

noted

the

table

above,

likely

Lincoln

would

beneﬁt

from

joining

the

County

system,

least

the

short

term;

what

would

saved

the

consolidation

services

would

likely

support

the

number

staff

Lincoln

needs

run

its

Twelve

Bridges

facility.

retaining

local

control

and

retaining

access

library

services

Lincoln,

for

Lincoln

priority,

the

City

Lincoln

needs

invest

substantially

the

library

than

the

current

level.

page

23 304

choose

compare

Lincoln’s

expenditures

per

capita

and

the

percentage

the

budget

spent

staffing

with

just

its

counterparts

Placer

County

—

Roseville,

Loomis,

and

the

Placer

County

Library

system

—

Lincoln

has

the

lowest

per

capita

funding

and

the

lowest

expenditure

staff

far,

demonstrated

the

table

below

comparing

the

four

library

service

providers.

Lincoln

were

support

the

library

the

county

average

$35.20

per

capita,

which

would

still

place

Lincoln

the

bottom

50%

libraries

the

state

for

funding

per

capita
,

the

Library’s

budget

would

nearly

double,

adding

additional

$865,780

the

FY23

budget,

for

total

$1,862,412.

Long

term,

the

Lincoln

Public

Library

staff

are

managing

provide

level

service

that

far

exceeds

the

available

resources

all

categories.

The

staff’s

ability

seen

stakeholders

strength;

for

example,

Board

members

that

the

statistics

for

visits

and

use

demonstrate

library

“services

resonates

with

our

residents,”

that

partnerships

with

the

Friends

and

the

school

district

“allows

maximize

what

can

each

do,”

that

the

“beautiful,

welcoming”

multi-use

facility

“an

untapped

resource,”

and

that

“staff

and

customer

service

A+...

[there

is]

attention

each

individual

patron.”

They

also

highlight

the

need

for

“focus

sustainability,

and

not

just

for

cost

savings.”

page

24 Library

Total

Operating

Budget

Expenditures

Per

Capita

Expenditure

Staffing

Lincoln

$996,632

$18.65

53.79%

Loomis

$373,163

$56.48

75.79%

Roseville

$3,754,875

$24.55

66.24%

Placer

County

$8,157,658

$41.11

65.03%

County

average

$35.20

65.21%

305

Over

the

past

17 years,

the

community

has

increased

its

population

24%.

the

same

time,

the

Library

budget

has

contracted

overall

each

year,

that

today

17%

lower

than

was

2008.

consider

inﬂation

over

this

time

period
8 ,

purchasing

power,

the

Library’s

budget

has

shrunk

45%

over

the

same

time

period.

further

emphasize

how

hard

working

the

staff

the

Lincoln

Public

Library

are,

consider

that,

over

this

time

period

when

the

population

growing

and

the

budget

has

been

diminishing,

they

have

offered

nearly

the

same

level

access

2009/2010

terms

hours

open

the

public,

when

the

two

library

facilities

offered

combined

42 hours

access

week

compared

the

current

average

36 hours

per

week.

The

Lincoln

Public

Library’s

budget,

had

maintained

level

support

since

2008

pace

with

the

growth

population

and

with

inﬂation,

should

125%

larger

than

the

FY23

allocation,

approximately

$2,242,422.

For

every

funding

Lincoln

allocating

the

Library,

should

$9.

Anything

less

has,

over

each

these

intervening

years,

represented

loss

funding

and

service

opportunities

for

the

Lincoln

Public

Library

and

the

community

serves.

This

path

decreasing

ﬁnancial

support

the

face

population

growth

and

City

expansion

directly

contradicts

the

village

concept

model

and

critically

underfunding

library

services

—

even

before

the

loss

funding

from

Sierra

College

pulling

out

the

joint

use

agreement.

8 U.S.

Bureau

Labor

Statistics.

Consumer

Price

Index

Calculator.

https://www.bls.gov/data/inﬂation_calculator.htm.

page

25 306

The Lincoln Community’s Vision of the Library

The

Lincoln

Public

Library

great

example

library

working

hard

possible

within

its

constraints.

Output

measures

discussed

elsewhere

this

report,

such

annual

visits

and

circulation

materials,

speak

strengths

the

face

ﬁscal

adversity.

Community

engagement

provides

additional

insights.

The

Methodology

section

beginning

page

55 details

the

community

engagement

techniques

deployed

part

the

research

and

analysis

for

this

report,

especially

relates

strengths,

opportunities,

and

aspirations.

One

these

techniques

was

community

survey

taken

1,847

individuals,

which

referenced

this

report

“Community

Survey”

“survey.”

Other

techniques

involved

interviews,

focus

groups,

and

various

opportunities

for

in-person,

virtual,

and

self-directed

engagements.

Strengths

The

Library’s

strongest

connection

the

community

providing

access

content.

the

community

survey,

learned

that:

Eight

(8)

out

10 patrons

visit

the

Library

borrow

physical

materials

(81%).

This

far

the

leading

reason

people

make

visits.

One

(1)

out

5 library

community

respondents

indicated

that

their

primary

connection

the

Library

accessing

its

premium

digital

content

(20%).

The

majority

the

non-Overdrive

content

funded

through

the

Friends.

The

Library

can

consider

there

distinct

set

digital

patrons,

that

is,

individuals

who

primarily

use

the

e-Library.

Considering

that

most

patrons

who

visit

the

library

borrow

physical

materials,

not

surprising

that

there

strong

alignment

the

community

around

making

access

the

facility

easier.

Over

half

the

respondents

would

extended

hours

during

the

weekend

and

consistent

schedule

throughout

the

year

(58%).

page

26 307

Slightly

less

than

half

the

respondents

expressed

desire

for

extended

evening

hours

(44%).

general,

strength

that

should

noted

the

high

level

awareness

and

support

for

library

services

Lincoln,

including

through

City

leadership.

Library

service

acknowledged

key

resource

the

City’s

2023-2025

Strategic

Plan,

where

Goal

10 states:

“Conduct

analysis

current

and

future

City

library

service

and

facility

needs…

Staff

initiate

analysis

the

City’s

library

service

and

facility

needs,

which

include

examination

the

use

repurpose

the

Carnegie

Library.”

Opportunities

concept,

opportunity

relation

the

Library

identiﬁed

community

need

desire

that

can

met

fulﬁlled

with

Library

programs

and

services.

Community

needs

identiﬁed

through

engagement

and

background

research

are

identiﬁed

the

context

the

following

discussion

about

opportunities.

The

primary

opportunity

for

the

Library

capitalize

its

position

content

provider

many

the

community

extending

service

hours

into

the

evenings

and

Saturdays,

way

that

provides

for

consistent

year-round

schedule

open

hours.

Extended

service

hours

would

also

enhance

opportunities

for

the

Library

foster

community

connections,

alignment

with

the

values

reﬂected

the

village

model,

such

offering

programs

and

providing

space

for

range

users.

secondary

opportunity

that

can

accomplished

extending

service

hours

become

bona

ﬁde

community

destination
.

This

secondary

opportunity

direct

alignment

with

the

village

concept

model

promoted

the

City.

Currently,

the

community

survey

indicates

that

just

1 out

5 community

members

use

the

Library

attend

events

study,

work,

relax,

meet

friends

and/or

bring

children.

page

27 308

basis

for

this

lower

than

desired

level

use

the

limited

open

hours

the

Library

open

the

public.

average

36 open

hours

per

week,

the

Library

not

viewed

available

community

destination

beyond

the

standard

school

and

work

day.

Current

teen

interns

conducted

interviews

with

their

peers,

and

recurrent

theme

that

emerged

from

these

that

students

with

after-school

obligations

cannot

get

the

Library

during

the

week

because

the

Library

closed

the

time

the

structured

parts

their

school

day

experience

are

done.

What

remarkable

here

that

the

very

students

who

might

seem

have

heightened

access

the

Library

because

its

campus

location

also

encounter

barriers

access

the

Library

due

its

limited

hours.

third

opportunity

for

the

Library

strengthen

its

position

community

builder

through

programming
.

The

Library

already

offers

appealing

range

programs

that

are

scope

and

scale

beyond

what

reﬂective

its

level

staffing.

also

has

ample

square

footage

support

range

activities

within

its

Twelve

Bridges

location.

Based

community

interest

and

participation

the

programming

that

offered,

clear

that

there

opportunity

heighten

the

impact

the

Library

fortifying

its

staff

and

budget

support

and

varied

programming.

Currently,

the

overall

budget

and

staffing

capacity

limits

access

the

space

and

also

constrains

the

timing

and

frequency

Library

programming.

When

asked

consider

how

spend

any

additional

dollars

the

Library

might

receive

for

programming,

community

survey

respondents

indicated

that

they

would

spend

just

about

3 out

ﬁve

dollars

over

programs

for

youth.

These

programs

would

encompass:

●

Regular

activities

for

children,

such

Storytime,

Read

Dog,

and

Homework

Help;

●

Regular

activities

for

teens,

developed

with

teen

input;

●

Special

events

for

children,

teens

and

their

families

Family

Art

Night

Battle

the

Books;

●

Programs

that

help

youth

build

reading

and

school

skills.

page

28 309

For

community

even

half

the

size

Lincoln,

baseline

level

for

sustaining

youth

programming

and

engagement

should

least

one

full-time

credentialed

youth

services

librarian

and

another

full-time

credentialed

school

librarian/media

specialist.

Lincoln

has

neither

these

roles

staffed

fully,

and

this

means

that

the

youth

population

town

are

under-served

when

comes

programs

for

youth

and

the

kind

academic,

curricular

support

that

the

special

purview

school

librarian/

media

specialist.

Lincoln

develops

its

village

model

and

attracts

new

families

with

children,

these

families

will

come

from

other

municipalities

with

expectations

about

baseline

public

library

services.

addition

collections

and

space,

large

part

healthy

library

ecosystem

municipality

robust

proﬁle

activities

and

curricular

support

for

children

and

students

all

ages.

addition

programming

for

youth,

there

also

interest

adult

programming,

notably

creative

cultural

experiences

such

concerts,

author

visits,

and

art

events.

Survey

respondents

would

see

2 out

every

5 dollars

additional

library

program

and

event

funding

earmarked

for

these

types

experiences.

Pursuing

opportunities

that

meet

community

needs

calls

for,

above

all

else,

staffing

the

Library

support

extending

open

hours.

Extended

open

hours

provide

support

for

the

opportunities

discussed

above.

There

also

signiﬁcant

community

support

for

this.

than

half

the

survey

respondents

want

see

extended

hours

during

the

weekend,

along

with

consistent

year-round

schedule

for

Library

hours

(58%).

Additionally,

2 out

5 respondents

indicated

desire

for

extended

open

hours

the

evenings

(44%).

These

results

all

suggest

that

major

opportunity

for

the

Library

improve

extend

service

hours.

also

suggests

that

the

Library

facing

budget

challenges,

preserving

open

hours

should

main

priority.

page

29 310

Finally,

fourth

opportunity

for

the

Library

strengthen

its

position

content

provider

undertaking

collection-wide

audit

its

physical

materials,

right-sizing

the

collection

match

the

needs

the

community.

Given

the

popularity

using

the

collection

—

again,

8 out

10 survey

respondents

report

visiting

the

library

for

materials

their

top

activity

—

and

the

overall

older

age

the

collection,

there

opportunity

reﬁne

the

physical

collection

and

enhance

digital

offerings.

Aspirations

The

clearest

aspiration

for

the

Library

capitalize

its

position

content

provider

many

the

community

creating

long

term

plan

extend

access

physical

collections

and

shared

community

spaces

each

village
.

The

community

survey

indicated

there

less

interest

other

options

for

easing

access

borrowing,

such

the

expansion

Library

Hold

Lockers,

adding

branches

throughout

the

City,

and

providing

pop-up

Library

services

regular

schedule

community

events.

Around

1 out

4 respondents

indicate

interest

these

speciﬁc

efforts.

spite

these

survey

outcomes,

access

was

far

and

away

the

most

pressing

need

expressed

participants

direct

community

engagement

opportunities.

step

for

the

Library

determine

what

modalities

are

optimal

for

the

community

part

extending

access

every

village.

these

engagements,

staff

and

community

members

highlighted

desire

for

combination

of:

●

mobile

service,

self-service,

and

full-service

options;

●

dedicated

outreach

team

with

bookmobile

and/or

mobile

service

vehicles

bring

access

the

collection

and

programming

other

areas

the

community;

●

additional

physical

location,

particularly

the

northern

area

the

city;

and,

●

timeline

for

bringing

Carnegie

back

into

service

option,

whether

self-service

location

or,

capitalize

its

location

downtown

and

the

square,

space

for

gathering

and

events.

page

30 311

re-opening

the

Carnegie

Library

with

some

self-service

options

for

collection

access,

complemented

design

spaces

that

make

bona

ﬁde

community

destination

for

solo

study

work

and

for

collaboration

among

community

members

would

provide

intimate

complement

the

expansive

Twelve

Bridges

location.

Over

half

the

community

members

surveyed

are

interested

library

refresh

that

offers:

●

comfortable,

lounge-like

spaces

(66%);

●

spaces

that

promote

focus

and

individual

work

(56%);

and,

●

spaces

use/charge

your

own

personal

device.

surveying

the

community,

evident

that

nearly

9 out

10 people

tend

bring

their

own

computer,

tablet,

phone

the

Library

they

plan

spend

time

there.

This

means

that

revitalization

the

Carnegie

Library

would

not

call

for

large

build-out

public-access

computer

workstations

but

rather

strong

electrical

and

wiﬁ

network

infrastructure

accessible

users’

personal

devices.

secondary

aspiration

create

community

awareness

about

library

services

beyond

the

basics.

This

includes

raising

awareness

about

the

existing

library

hours,

which

include

substantial

hours

Saturdays,

overcome

the

perception

lack

access

the

weekend.

Many

community

members

are

familiar

with

core

services

offered

any

given

library,

such

access

book

collections

and

technology.

Aligned

with

this,

half

community

survey

respondents

indicated

they

are

familiar

with

accessible

library

materials,

such

large

materials,

audiobooks,

and

the

digital

library.

Beyond

content

provision,

survey

respondents

are

far

less

familiar

with

Library

services.

About

1 out

4 respondents

are

familiar

with:

●

Online

reading

programs

offered

the

Library

(26%)

●

Large

community

events,

the

Lincoln

Book

Festival

(23%)

page

31 312

Few

residents

are

aware

the

24/7

Library

Hold

lockers,

likely

because

this

very

new

service.

sustained

marketing

effort

will

foster

engagement

with

the

Library

for

all

that

accomplishing

now.

Marketing

will

also

help

current

and

incoming

residents

continue

envision

how

the

Library

has

the

potential

fulﬁll

core

community

needs

such

building

connections

among

residents

and

creating

shared,

readily

accessible

community

destinations

each

village.

Taking

active

steps

from

the

Library

promote

its

current

efforts

would

call

for

speciﬁc

marketing

expertise

part

staff

role

the

Library

and/or

support

from

external

paid

partnership

with

vendor.

These

opportunities

and

aspirations

call

upon

City

Lincoln

stakeholders

and

leadership

review

the

2050

General

Plan’s

agenda

for

Library

Services.

the

City

has

proceeded

with

its

ambitious

village

model

vision

for

its

future,

library

services

need

considered

key

components,

alongside

parks,

schools,

and

community

centers.

page

32 313

Paths Forward for the Lincoln Public Library

than

15 years

declining

investment

the

Library,

when

combined

with

existing

community

growth,

planned

annexations

and

expansions,

and

Sierra

College

pulling

out

from

the

joint

use

agreement,

has

placed

the

Lincoln

Public

Library

precarious

ﬁnancial

and

service

provision

situation.

There

are

good

options

available;

the

City

Lincoln

will

either

need

take

position

that

library

services

are

not

part

the

vision

they

have

for

Lincoln’s

future,

which

would

seem

direct

conﬂict

with

the

“feel”

Lincoln

and

commitments

the

2050

General

Plan,

will

need

commit

long

and

gradual

re-investment

library

services.

The

ﬁnancial

picture

further

complicated

the

requirements

the

grant

from

the

State

California

that

support

the

construction

the

Twelve

Bridges

location,

which

stipulates

the

facility

must

used

public

library

for

40 years

following

the

grant

award,

until

2047;

otherwise,

the

City

responsible

for

paying

back

the

full

$10

million

the

grant.

Even

with

the

three

party

joint

use

agreement,

the

City

Lincoln

will

the

one

required

absorb

the

greatest

risk

the

facility

cannot

used

public

library.

her

February

2025

work

session

with

the

Lincoln

City

Council,

Lincoln

Library

Director

Kathryn

Hunt

highlighted

multiple

potential

major

solutions

the

funding

issue

created

Sierra

College’s

withdrawal.

Many

those

solutions

are

covered

throughout

this

report.

However,

there

are

two

mentioned

the

work

session

that

are

not

addressed

here:

●

Closure

the

Library
.

the

Twelve

Bridges

location

closed

library

before

2057,

the

City

will

have

repay

the

State

California

the

$10

million

construction

grant

●

Change

Governance

—

Privatization

joining

the

County
.

Any

change

governance

will

result

loss

local

control,

with

extremely

uncertain

cost

savings

and

service

impacts.

These

are

also

multi-year

processes

requiring

negotiations

with

partners

and

approval

from

the

State.

page

33 314

Options

handing

the

Twelve

Bridges

facility

over

the

school

district

the

library

returning

just

offering

service

out

the

Carnegie

—

itself

not

viable

option,

work

has

been

done

the

2,300

square

foot

facility

bring

current

accessibility

standards

—

are

not

possible

due

the

stipulations

the

construction

funding

and

article

9 of

the

joint

use

Memorandum

Understanding

(MOU),

most

notably

stating

that

“[t]he

Agencies

may

only

use

the

Library

joint

use,

co-located

public

library,

for

the

beneﬁt

the

City,

the

College

and

the

School

District,

and

for

other

purpose.”

painting

picture

the

options

Lincoln

has

this

moment

for

its

library,

there

are

three

that

stand

out

realistic

given

the

timeframe:

●

loss

service:

maintaining

single-location

service

point

Twelve

Bridges

with

75%

the

current

budget.

With

Sierra

College

pulling

out

the

joint

use

agreement,

the

library

losing

25%

its

current

budget,

$222,212,

which

will

have

dramatic

impact

the

services

the

Library

can

provide.

this

worst-case

scenario,

services

provided

the

Library

must

restructured

adequately

represent

the

investment

each

party.

With

the

City

funding

85%

the

budget,

well

holding

the

responsibility

for

maintenance

and

use

the

building,

the

hours,

services,

programs,

and

collections

must

repositioned

ensure

the

signiﬁcant

majority

the

beneﬁt

library

services

will

directly

impact

community

users,

opposed

users

from

the

school.

addition,

due

the

current

funding

structure,

the

25%

cut

will

mainly

need

come

from

staffing,

which

could

represent

loss

equivalent

3 to

3.5 FTE,

stretching

already

thin

level

coverage

the

breaking

point

and

resulting

additional

and

signiﬁcant

reductions

open

hours.

●

The

status

quo:

maintaining

single-location

service

point

Twelve

Bridges

with

the

current

budget.

For

this

option

viable

the

timeframe

necessary

requires

additional

investment

from

the

school

district,

which

will

need

triple

its

current

investment

order

maintain

the

level

service

the

Library

currently

providing

the

high

school

and

its

students.

Even

with

this

investment,

the

Library

should

make

adjustments

its

hours

better

meet

the

page

34 315

needs

the

community

members

looking

use

the

library,

adequately

balancing

the

open

hours

reﬂect

the

investment

each

party,

and

the

school

district

will

need

acknowledge

that

access

every

morning

the

library

facility

with

the

current

staffing

level

not

possibility.

This

need

for

morning

hours

prevents

the

Library

from

fully

meeting

the

needs

its

greater

community

member

users.

Replacing

the

funding

lost

Sierra

College’s

withdrawal

ﬁnding

new

partner

will

not

maintain

Library

service

status

quo

because

that

partner

will

come

with

service

expectations

and

the

need

for

additional

infrastructure

manage

the

level

investment.

this

covered

the

option.

●

Adding

new

partner

—

and

adding

additional

services.

The

City

wishes

see

new

partner

come

replace

Sierra

College,

but

must

made

clear

that

there

realistic

opportunity

replicate

the

current

joint

use

agreement,

which

provided

signiﬁcant

beneﬁt

incoming

funding

from

Sierra

College

without

similar

level

service

provision,

mainly

due

the

college

not

building

the

anticipated

campus.

The

City

will

never

again

able

ﬁnd

partner

willing

contribute

25%

the

overall

budget

with

discernable

return

service/no

additions

services

offered.

The

three-party

agreement

was

boon

for

Lincoln,

and

now

that

will

longer

place,

needs

recognized

that

such

agreement

will

not

return.

Any

new

partner

coming

with

such

substantial

annual

investment

will

expect

see

services

that

meet

their

needs

commensurate

with

that

investment;

this

means

even

the

City

able

ﬁnd

such

substantial

partner,

there

will

not

increase

core

access,

hours,

service

the

Twelve

Bridges

location.

What

essential

note

that,

even

its

current

level

funding,

and

certainly

before

the

25%

reduction

that

comes

from

Sierra

College

pulling

out

the

joint

use

agreement,

the

Library

not

able

adequately

meet

the

demand

either

its

public

school

stakeholders

because

does

not

have

enough

staff.

This

through

fault

the

staff,

who

work

diligently

provide

the

highest

level

service

they

can

with

their

constrained

resources.

page

35 316

A Loss in Service: Maintaining a single-location service point

Twelve

Bridges

with

75%

the

current

budget

Operating

75%

the

current

budget

will

devastating

blow

library

services

Lincoln;

unfortunately,

also

the

most

likely

path

forward

the

City

cannot

acknowledge

the

need

rethink

its

approach

the

Library’s

budget.

Because

the

current

funding

structure,

the

25%

cut

will

need

come

almost

entirely

from

staffing,

which

could

represent

loss

equivalent

3 to

3.5 FTE,

stretching

already

thin

level

coverage

the

breaking

point

and

resulting

additional

and

signiﬁcant

reductions

open

hours.

Library

Director

Kathryn

Hunt,

her

work

session

presentation

Council

February

2025,

highlighted

that

the

need

operate

75%

funding

would

require

50%

cut

staff,

“dissolving

most

seasonal

positions”

and

cutting

“dissolving

several

beneﬁtted

positions”

and

40%

reduction

open

hours.

While

further

minor

savings

would

come

result

these

drastic

staff

and

access

changes,

fewer

programs

will

offered,

reducing

programming

supplies

and

costs,

fewer

materials

might

purchased,

and

some

minor

savings

janitorial,

none

these

add

any

signiﬁcant

way

make

for

the

disastrous

reductions

needed

that

will

come

from

staffing.

signiﬁcant

decisions

will

have

made

with

staffing,

hours,

and

the

collection,

soon

possible

—

even

with

the

bridge

funding

provided

the

City

for

the

two

years

—

the

Library

should

restructure

its

hours,

deprioritizing

morning

hours

and

shifting

evening

access,

and

potentially

closing

additional

days

the

week

order

reallocate

part-time

hours

offer

both

morning

and

evening

hours.

this

worst-case

scenario,

services

provided

the

Lincoln

Public

Library

will

need

thoroughly

restructured,

and

must

done

adequately

represent

the

investment

funding

each

remaining

party.

This

will

obviously

require

the

MOU

reopened

and

renegotiated,

and

future

MOU

can

have

stronger

language

around

the

responsibility

and

commitment

funding

support

and

less

language

around

service

provision

details,

many

which

appear

unenforced

this

time.

page

36 317

With

the

City

funding

85%

the

budget,

well

holding

the

responsibility

for

maintenance

and

use

the

building,

the

hours,

services,

programs,

and

collections

must

repositioned

ensure

the

signiﬁcant

majority

the

beneﬁt

library

services

will

directly

impact

community

users,

opposed

users

from

the

school;

school

needs

for

morning

access

are

currently

main

driver

the

open

hours,

evidenced

the

change

hours

during

the

summer

when

school

break.

40%

reduction

open

hours

based

the

City

funding

the

majority

the

budget

would

render

the

Library’s

open

hours

23 hours

per

week.

schedule

that

factors

the

community

desire

for

consistent

open

hours

with

some

evening

and

weekend

access

could

modeled

this

way:

DAY

OPEN

HOURS

Monday

Closed

Tuesday

1 –

7 PM

Wednesday

10 –

2 PM

Thursday

1 –

7 PM

Friday

10 –

2 PM

Saturday

9 –

12 PM

Sunday

Closed

This

schedule

also

takes

into

consideration

community

desire

keep

the

Library

hours

consistent

throughout

the

calendar

year.

Operating

75%

the

budget

will

make

the

gap

between

the

service

Lincoln

can

actually

provide

and

the

service

looks

should

able

provide,

perceived

the

community

through

the

appearance

the

Twelve

Bridges

location,

even

wider.

seen

above,

library

service

3 to

4 FTE

would

have

schedule

with

fewer

open

days,

fewer

open

hours,

very

limited

programming,

and

outreach

activities.

Filling

the

gaps

represented

these

enormous

staffing

costs

virtually

impossibility.

With

over

7,500

volunteer

hours

FY23,

Lincoln

already

outpacing

the

average

its

neighboring

peers

(Placer

County,

Loomis,

Roseville,

and

Folsom)

919%.

Those

volunteers

also

give

their

time

what

already

signiﬁcant

pace,

with

Lincoln’s

168

volunteers

donating

their

time

level

three

times

higher

than

their

page

37 318

highest

neighboring

peer,

Folsom,

whose

136

volunteers

give

just

over

2,500

hours.

While

volunteer

efforts

can

substantially

enhance

the

connection

the

Library

its

community,

they

not

replace

the

impact

credentialed,

paid

staff
.

With

the

looming

cut

the

Library

budget,

there

will

not

enough

staff

capacity

coordinate

volunteer

efforts

than

those

are

already

given.

page

38 319

The status quo: maintaining a single-location service point

Twelve

Bridges

with

the

current

budget

For

this

option

viable

the

timeframe

necessary

requires

additional

investment

from

the

school

district,

which

will

need

triple

its

current

investment,

from

15%

45%,

order

maintain

the

level

service

the

Library

currently

providing

the

high

school

and

its

students.

While

the

City

has

pledged

the

bridge

support

would

the

best

time

implement

stepped

process

towards

equitable

investment.

Even

with

the

school

adding

additional

ﬁnancial

support,

the

Library

should

make

adjustments

its

hours

better

meet

the

needs

the

community

members

looking

use

the

library,

adequately

balancing

the

open

hours,

and

the

school

district

will

need

acknowledge

that

access

every

morning

the

library

facility

with

the

current

staffing

level

not

possibility.

This

need

for

morning

hours

prevents

the

Library

from

fully

meeting

the

needs

its

greater

community

member

users.

with

the

option,

balanced

schedule

terms

hours

access

would

look

the

variable

summer

schedule

than

the

current

“regular”

schedule,

with

service

generally

available

two

mornings

9am

and

evening

hours

available

two

evenings

until

7pm

while

potentially

retaining

the

full

9am

5pm

Saturday

schedule.

the

school

needs

access

additional

mornings

during

the

week,

will

need

fund

additional

School

Librarian

Technicians

and

task

the

Technicians

with

monitoring

morning

hours.

its

current

state,

the

Library

has

additional

staffing

challenges

beyond

the

hours

access:

the

last

year,

there

has

been

100%

turnover

part-time

staff

working

under

20 hours.

Part-time

staff

are

critical

ensuring

variety

library

hours

can

offered,

and

each

staff

member

represents

investment

training,

conﬁdence,

and

expertise

that

lost

when

they

need

replaced.

The

Memorandum

Understanding

(MOU)

will

need

reopened

and

revised

regardless

steps
.

Both

parties

should

take

the

opportunity

ensure

the

revised

document

clearly

outlines

funding

responsibilities

and

the

beneﬁts

accorded

the

level

investment

and

maintains

speciﬁcs

only

those

speciﬁcs

will

page

39 320

enforced.

the

time

the

original

MOU’s

development,

the

following

was,

through

that

document,

assured

true

and

remain

funded:

●

From

Article

15,

Element

Section

15.1:

that

set

Library

Minimum

Service

Standards

would

maintained,

set

out

high

level

detail

Exhibit

including

recommendations

for

hours,

number

seats,

number

computers,

staff

work

space

square

footage,

and

more.

●

From

Article

15,

Element

Section

15.2:

that

any

the

three

agencies

could

“provide

additional

library

services

the

Library,

their

own

cost,

and

subject

approval

the

Lincoln

City

Council,

which

approval

shall

not

unreasonably

withheld”

●

From

Article

15,

Element

Section

15.4:

that

“[t]he

Library

will

employ

Library

Media

Teacher

holding

valid

credential

authorizing

services

librarian

issued

the

State

Board

Education

Commission

for

Teacher

Preparation

and

Licensing.”

●

From

Article

16,

Element

that

“the

Library

will

open

for

the

public

for

not

less

than

64-1/2

hours

per

week

follows:

Monday

through

Thursday