Agenda packet — Los Altos City Council, November 18, 2025 (part 1 of 4)

CITY COUNCIL MEETING
AGENDA
November 18, 2025 - 7:00 PM
In Person
PARTICIPATION: Members of the public are invited to participate by attending the meeting at the Los Altos Council Chamber, located at Los Altos City Hall, 1 N. San Antonio Rd, Los Altos, CA, during the meeting.

Public comments are accepted in person at the physical meeting location or via email to [email protected] or through the Public Comment forum on the city website: Public Comments Form.

RULES FOR CONDUCT: According to Los Altos Municipal Code, Section 2.05.010 "Interruptions and rules for conduct": Understanding that the purpose of the city council meetings is to conduct the people's business for the benefit of all the people, in the event that any meeting of the city council is willfully interrupted by a person or group of persons so as to render the orderly conduct of the meeting impossible, the mayor, mayor pro tem, or any other member of the city council acting as the chair may order the removal of the person or persons responsible for the disruption and bar them from further attendance at the council meeting, or otherwise proceed pursuant to Government Code Section 54957.0 or any applicable penal statute or city ordinance.

REMOTE MEETING OBSERVATION: Members of the public may view the meeting via the link below, but will not be permitted to provide public comment via Zoom or telephone. Public comments will be accepted in person, and members of the public may submit written comments by following the instructions below. https://losaltosca-gov.zoom.us/j/89371541982?pwd=jpk9h8OenLEaCbtBd5b0ZQghpXVftU.1 Telephone: 1-669-444-9171 / Webinar ID: 893 7154 1982 / Passcode: 132345 SUBMIT WRITTEN COMMENTS: Before the meeting, comments on matters listed on the agenda may be emailed to [email protected]. Emailed public comments sent directly to the City Council, either as a group or individually, will not be included in the agenda packet but may be disclosable as part of a public records request. Emails sent to [email protected] will be included in the appropriate agenda packet and are also disclosable as part of a public records request.

Please note: Personal information, such as e-mail addresses, telephone numbers, home addresses, and other contact information, is not required to be included with your comments. If this information is included in your written comments, it will become part of the public record. Redactions and/or edits will not be made to public comments, and the comments will be posted as submitted. Please do not include any information in your communication that you do not want to be made public.

Correspondence submitted in hard copy/paper format must be received by 2:00 p.m. on the day of the meeting to ensure distribution prior to the meeting. Hard copy/paper format comments presented during the meeting will be distributed to the City Council the following day. Members of the public may present a copy of their comments or attachments to the City Clerk for distribution to the City Council.

The Mayor will open public comment and will announce the length of time provided for comments during each item.

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AGENDA

CALL MEETING TO ORDER

ESTABLISH QUORUM

PLEDGE OF ALLEGIANCE

REPORT ON CLOSED SESSION

CHANGES TO THE ORDER OF THE AGENDA

SPECIAL ITEMS
Issue Proclamation Recognizing November 12 - 18, 2025 as Community Foundation Week

PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
Members of the audience may bring to the Council's attention any item that is not on the agenda. The Mayor will announce the time speakers will be granted before comments begin. Please be advised that, by law, the City Council is unable to discuss or take action on issues presented during the Public Comment Period.

According to State Law (also known as “The Brown Act”) items must first be noted on the agenda before any discussion or action.

Written Public Comment

CONSENT CALENDAR
These items will be considered by one motion unless any member of the Council or audience wishes to remove an item for discussion. Any item removed from the Consent Calendar for discussion will be handled at the discretion of the Mayor.

1. Approval of Meeting Minutes
Approve the Draft Regular Meeting Minutes for the Meeting of October 28, 2025

2. Adopt the Proposed 2026 City Council Meeting Schedule Adopt the Proposed 2026 City Council Meeting Schedule

3. Approval of the 2026 City Council Reorganization Meeting Date Approve the meeting date of January 13, 2026 for the City Council Reorganization Ceremony and cancel the City Council meeting date of December 2, 2025

4. Acceptance of Treasurer's Report
Receive and file the City’s Treasurer’s Report for the quarter ending September 30, 2025

5. Acceptance of Investment Reports
Receive and file the City’s Investment Portfolio Reports for the quarters ending June 30, 2025, and September 30, 2025

6. Adoption of Resolution - Approve a Successor Memorandum of Understanding Adopt a Resolution to approve a successor Memorandum of Understanding between the City of Los Altos and Sanitary Truck Drivers and Helpers Union Local # 350

7. Adoption of Resolution - On-Call Sanitary Sewer Spot Repairs Adopt a resolution and authorize the City Manager to execute a construction contract with C2R

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Engineering, Inc. of the Total Bid for the On-Call Sanitary Sewer Spot Repairs and CCTV Inspection Services FY 2025-2026 Project in the amount of $174,000.00 on behalf of the City and find the action exempt from review under CEQA pursuant to CEQA guidelines Section 15301 (b)

8. Adoption of Resolution - Downtown Performing Arts Center MOU Adopt a resolution to extend Downtown Performing Arts Center MOU two additional years through November 18, 2027

9. Adoption of Resolution - Prohousing Incentive Program Adopt a resolution authorizing application to and receipt of HCD Prohousing Incentive Program Funds, in the amount of $580,000

10. Adoption of Resolution - Amendment No. 1 with Los Altos Chamber of Commerce Amend contract with Los Altos Chamber of Commerce

11. Adoption of Resolution - Amendment No. 3 with Bear Electrical Solutions, Inc.

Adopt a Resolution authorizing the City Manager to execute Amendment No. 3 to the Maintenance Service Agreement with Bear Electrical Solutions, Inc. to increase the total agreement amount by $250,000

PUBLIC HEARING

12. Adoption of Resolution - Vesting Tentative Map for a Multi-Family Project at 4898 El Camino Real
Hold a Public Hearing and adopt a Resolution approving a Vesting Tentative Map (Application No.

TM25-0001) for the creation of eight-five (85) condominium lots and one common lot at 4898 El Camino Real per the recommended findings and conditions of approval; and find the project is categorically exempt from environmental review pursuant to Section 15332 (In-Fill Development Projects) of the California Environmental Quality Act (CEQA)

13. Adoption of Resolution - Vesting Tentative Map for a New Mixed-Use Project at 996 Loraine Avenue
Hold a Public Hearing and adopt a Resolution approving a Vesting Tentative Map (Application No.

TM22-0005) for the creation of thirteen (13) condominium lots and one (1) common lot at 996 Loraine Avenue per the recommended findings and conditions of approval; and find the project is statutorily exempt from environmental review pursuant to Public Resources Code (PRC) Section 21080.66

14. Introduction of Ordinance - Review and Renewal of Ordinance No. 2023-489 Approving Los Altos Police Policy 709
Review and renew the Ordinance by introducing and waiving further reading of the Ordinance approving Los Altos Police Policy 709 pertaining to the funding, acquisition, and use of military equipment as mandated by Assembly Bill 481. Staff further recommends Council approve the acquisition of the new items of military equipment

DISCUSSION ITEMS

15. Adoption of Resolution- Contract for Drone as First Responder Program Adopt a Resolution to approve a contract with AXON for Drone as a First Reponder Program

INFORMATIONAL ITEMS / COUNCIL Q&A
There will be no discussion or action on Informational Items. The Council Q&A will be included in the packet the day of the meeting.

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16. Tentative Council Calendar and Housing Element Update Implementation Calendar

17. Council Q&A

COUNCIL/STAFF REPORTS AND DIRECTIONS ON FUTURE AGENDA ITEMS

ADJOURNMENT
(Council Norms: It will be the custom to have a recess at approximately 9:00 p.m. Prior to the recess, the Mayor shall announce whether any items will be carried over to the next meeting. The established hour after which no new items will be started is 11:00 p.m. Remaining items, however, may be considered by consensus of the Council.)

SPECIAL NOTICES TO THE PUBLIC
According to the City Council Norms and Procedures: It will be customary to have a recess at approximately 9:00 p.m. Before the recess, the Mayor shall announce whether any items will be carried over to the next meeting. The established hour after which no new items will be started is 11:00 p.m. Remaining items, however, may be considered by consensus of the Council.

In compliance with the Americans with Disabilities Act, the City of Los Altos will make reasonable arrangements to ensure accessibility to this meeting. If you need special assistance to participate in this meeting, please get in touch with the City Clerk at least 72 hours before the meeting.

All public records relating to an open session item on this agenda, which are not exempt from disclosure according to the California Public Records Act, and that are distributed to a majority of the legislative body, will be available for public inspection at the same time that the public records are distributed or made available to the legislative body.

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1 Melissa Thurman
From: joy sheerer <[email protected]>
Sent: Saturday, November 8, 2025 1:09 PM
To: Public Comment
Subject: Dog park design
I am writing to comment in regards to the design of the future Los Altos dog parks. I know that a lot of people are concerned about artificial turf, and the effect of micro plastics. I am concerned about that as well, as I consider myself an environmentalist. However… I still firmly believe that artificial turf is the best material for a dog park.

I believe you may be narrowing your decisions down to artificial turf or decomposed granite. While decompose granite is not an environmental hazard itself, it would still require maintenance to keep the weeds away. That is where the environmental hazard part comes in - the chemicals. The real yucky issue with DC is the amount of dust that is stirred up when anyone slightly drags a foot across the surface, and dogs will be stirring up SO much dust by running across it. It will get in the eyes of the dogs, and all of the people in the park as well. Not to mention that I’ve never seen a dog really play and wrestle on it. Take it from me, I have been to so many dog parks all across the bay area! Look, there is no perfect material, but artificial turf is simply the easiest to maintain, and if we are thinking about the dogs, which we should be, it is perfect for them to play on! I have never once seen a dog not enjoy playing on it! As for the smell issue, which Jonathan Weinberg repeatedly mentioned at the last Town-hall meeting, it is actually untrue that the smell is coming from the turf. It is from the trash receptacles that are in the dog parks. The turf itself does not hold the scent. With properly watered turf, which drains well, the issue is really so minor.

Thank you for listening,
Joy Sheerer

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1 Melissa Thurman
From: Maria Bautista <[email protected]>
Sent: Tuesday, November 18, 2025 11:23 AM
To: Public Comment
Subject: CIty Council Meeting 11 18 25: Item #8 MOU for Performing Arts Center Dear City Council,
Please recognize the piecemeal planning issue with the Downtown Park and performing arts center project.

The Downtown Park was moved from the Central Plazas [DT Vision Plan 2018] to Parking Plaza 1 as part of a plan that incorporates a performing arts center.

How can the City possibly proceed with the park construction phase in early 2026 when there is no indication that a performant arts center is being realized? Before you can approve the MOU in good conscience, the City should require a public update from the Los Altos Mountain View Community Foundation on the status of the $300,000 of public funds granted for theater fundraising.

If the performing arts center is given additional years for consideration with the MOU, any project associated with it should also be put on hold until a complete and comprehensive Master Plan is developed; otherwise, the City is wasting tax payer dollars. The park and the performing arts center require a cohesive plan.

Also, please note there are errors in the resolution before you:
•The 2nd whereas clause: The 2018 Vision Plan refers to “a live theater” not a “performing arts center.”
•The 4th whereas clause statement still states a “theater” •The 6th whereas clause includes Community Cabinet- what is this? Again, until the City has a clear Master Plan for the combined intent of Plazas 1 and 2, it does not make sense to proceed with any projects in those locations.

Thank you for your consideration.

Best,
Maria Bautista

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1 Melissa Thurman
From: [email protected]
Sent: Tuesday, November 18, 2025 2:21 PM
To: Public Comment
Subject: Online Form Submittal: Public Comment Submission to City Council Public Comment Submission to City Council
Submitting Written Comments on Agenda Items
Please note: Personal information, such as email addresses, telephone numbers, home addresses, and other contact information are not required to be included with your comments. If this information is included, they will become part of the public record. Redactions and/or edits will not be made to public comments, and the comments will be posted as they are submitted. Please do not include any information in your communication that you do not want to be made public.

Public comments submitted by 5:00 PM of the meeting date will be included in the agenda packet.

Public comments and any associated attachments are subject to the California Public Records Act.

Your Public Comment For the City Council Meeting of November 18, 2025 at 7PM.

Comment/Objection to Item 12 of the Agenda: Objection to Resolution for Vesting Tentative Map for a Multi-Family Project at 4898 El Camino Real.

Dear Council Members: My objection is on two counts: (1) the project is not categorically exempt from CEQA under 15332 for the reasons described below, and CEQA compliance is
required; and (2) the required variance from the City zoning code for height set forth in Section 14.50.140 of the City Code should not be granted for the reasons set forth below.
(Further - potential objection 3 is that there must be at least 85 parking spaces in the proposed building per Section 14.74.130 of the City zoning code, and it is not clear to me if the proposal contains the proper amount of parking spaces and that should be determined before further consideration.)

1. The project is not categorically exempt. For a categorical

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2 exemption from CEQA to apply, the project must (a) be "consistent with the applicable general plan designation and all applicable general plan policies as well as with applicable zoning designation and regulations" and (d) "Approval of the project would not result in any significant effects relating to traffic, noise, air quality, or water quality."
The project currently would violate the City zoning height requirements, and likely the parking requirements. Because the project would need waivers/variances of these requirements, the project does not meet condition (a) of Section 15332 of CEQA and is therefore not a qualifying in-fill development. The same may be true for the parking requirements, but I cannot tell from the proposal whether there are the required minimum number of parking spaces.

The project does not meet subsection (d) of 15332 either because the project would have a significant effect on traffic on Jordan Avenue, and likely on Marich and Portola for cut through traffic, which was not adequately studied, and no study was done on pedestrian traffic. Further, no study was done considering the additional traffic from the combined projects of this project and the new 110-unit project on Distel. These projects together will undoubtedly add significant cut-through traffic on Marich, Jordan, and Portola Avenues. Further, no study at all was done on pedestrian traffic, and the exemption is not limited to just "automobile traffic". In addition, a large project will add to noise pollution for residents on Jordan and Marich during the long-construction period and likely afterwards because of the echoing of traffic back into the neighborhood from the added height. This was not studied at all, and should be studied by a qualified acoustical engineering firm. The air quality will undoubtedly be affected for a longer period of time to add the out-of-compliance three extra stories to make the building 8 stories. For five stories, which is already in the zoning code, that level of reduced air quality is assumed.

Accordingly, I register an objection and ask the Council to reject the resolution.

Furthermore, the project is not a builder's remedy proposal and therefore is obliged to comply with the zoning code, which is a 5-story height limitation set forth in the City's zoning Code. The Council were elected with the goal of enforcing the City's hard fought zoning plan; there is no call among the citizenry for the Council to grant waivers to the approved zoning plan when a substantial number of local citizens in the impacted
neighborhood object to any such waiver.

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3 Finally, allowing projects far beyond the zoning code, such as this project, by granted variances that are not required to be granted because the code has been approved, will add
substantial capital expenditure infrastructure costs to the citizens water and sewer bills to upgrade the water and sewer mains for substantially greater density of units. Further, our students at Egan and the Charter School come through Jordan and Portola in the morning and afternoon, and therefore a more rigorous traffic analysis (including pedestrian and bicycle traffic) needs to be conducted before giving a variance for 8-stories of development.

The Council already adopted a zoning plan that complies with its housing requirements. The Council should be very judicious in granting variances and should prioritize the concerns of its citizens over those who bear a heavy burden of proof to prove their need for a variance in order to make dense impact in our city that is trying to preserve its single-family neighborhoods in the face of a campaign against such neighborhoods by the state.

Respectfully submitted,
Concerned citizen in the affected neighborhood.

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1 Melissa Thurman
From: James Lloyd <[email protected]>
Sent: Tuesday, November 18, 2025 5:11 PM
To: Public Comment; Pete Dailey; Neysa Fligor; Larry Lang; Sally Meadows; Jonathan Weinberg
Cc: Planning Services; Jolie Houston; Administration
Subject: [External Sender]public comments re items 12 and 13 for tonight's Council meeting Attachments: Los Altos- 4898 El Camino Real- HAA Letter.pdf; Los Altos-996 Loraine Avenue - HAA Letter.pdf
Dear Los Altos City Council,
The California Housing Defense Fund (“CalHDF”) submits the attached public comments re items 12 and 13 for tonight's Council meeting:
 the proposed 12-unit housing development project at 996 Loraine Avenue, which includes 2 lowincome units; and  the proposed 85-unit housing development project at 4898 El Camino Real, which includes 10 very low income units.

Sincerely,
James M. Lloyd
Director of Planning and Investigations
California Housing Defense Fund
[email protected]
CalHDF is grant & donation funded
Donate today - https://calhdf.org/donate/

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Nov 18, 2025
City of Los Altos
1 North San Antonio Road
Los Altos, CA 94022
Re: Proposed Housing Development Project at 4898 El Camino Real By email: [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected];
Cc: [email protected]; [email protected]; [email protected]
Dear Los Altos City Council,
The California Housing Defense Fund (“CalHDF”) submits this letter to remind the City of its obligation to abide by all relevant state laws when evaluating the proposed 85-unit housing development project at 4898 El Camino Real, which includes 10 very low income units.

These laws include the Housing Accountability Act (“HAA”), the Density Bonus Law (“DBL”), AB 130 and California Environmental Quality Act (“CEQA”) guidelines.

The HAA provides the project legal protections. It requires approval of zoning and general plan compliant housing development projects unless findings can be made regarding specific, objective, written health and safety hazards. (Gov. Code, § 65589.5, subds. (d), (j).) The HAA also bars cities from imposing conditions on the approval of such projects that would render the project infeasible (id. at subd. (d)) or reduce the project’s density (id. at subd. (j)) unless, again, such written findings are made. As a development with at least two-thirds of its area devoted to residential uses, the project falls within the HAA’s ambit, and it complies with local zoning code and the City’s general plan. Increased density, concessions, and waivers that a project is entitled to under the DBL (Gov. Code, § 65915) do not render the project noncompliant with the zoning code or general plan, for purposes of the HAA (Gov.

Code, § 65589.5, subd. (j)(3)). The HAA’s protections therefore apply, and the City may not reject the project except based on health and safety standards, as outlined above.

Furthermore, if the City rejects the project or impairs its feasibility, it must conduct “a thorough analysis of the economic, social, and environmental effects of the action.” (Id. at subd. (b).)
2201 Broadway, PH1, Oakland, CA 94612
www.calhdf.org

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CalHDF also writes to emphasize that the DBL offers the proposed development certain protections. The City must respect these protections. In addition to granting the increase in residential units allowed by the DBL, the City must not deny the project the proposed waivers and concessions with respect to front setback, interior side setback, interior side setback landscaping, exterior side setback, rear setback, rear setback landscaping, and building height, upper-story stepbacks, vertical facade articulation, facade entrances, privacy and line of sight, parapet length/screening, pedestrian scaled entrance, interior side yard landscaping, rear yard landscaping, driveway landscaping, transformer fence height, and loading space location. If the City wishes to deny requested waivers, Government Code section 65915, subdivision (e)(1) requires findings that the waivers would have a specific, adverse impact upon health or safety, and for which there is no feasible method to satisfactorily mitigate or avoid the specific adverse impact. If the City wishes to deny requested concessions, Government Code section 65915, subdivision (d)(1) requires findings that the concessions would not result in identifiable and actual cost reductions, that the concessions would have a specific, adverse impact on public health or safety, or that the concessions are contrary to state or federal law. The City, if it makes any such findings, bears the burden of proof. (Gov. Code, § 65915, subd. (d)(4).) Of note, the DBL specifically allows for a reduction in required accessory parking in addition to the allowable waivers and concessions. (Id. at subd. (p).) Additionally, the California Court of Appeal has ruled that when an applicant has requested one or more waivers and/or concessions pursuant to the DBL, the City “may not apply any development standard that would physically preclude construction of that project as designed, even if the building includes ‘amenities’ beyond the bare minimum of building components.” (Bankers Hill150 v. City of San Diego (2022) 74 Cal.App.5th 755, 775.)
Furthermore, the project is exempt from state environmental review under the Class 32 CEQA categorical exemption (In-Fill Development Projects) pursuant to section 15332 of the CEQA Guidelines, as the project is consistent with the applicable general plan designation and all applicable general plan policies as well as the applicable zoning designation and regulations; the proposed development occurs within city limits on a project site of no more than five acres substantially surrounded by urban uses; the project site has no value as habitat for endangered, rare, or threatened species; approval of the project would not result in any significant effects relating to traffic, noise, air quality, or water quality; and the site can be adequately served by all required utilities and public services. Furthermore, the project is eligible for a statutory exemption from CEQA pursuant to AB 130 (Pub. Res. Code, § 21080.66), which was signed into law on June 30, 2025 and effective immediately (Assembly Bill No. 130, 2025-2026 Regular Session, Sec. 74, available here) Caselaw from the California Court of Appeal affirms that local governments err, and may be sued, when they improperly refuse to grant a project a CEQA exemption or streamlined CEQA review to which it is entitled. (Hilltop Group, Inc. v. County of San Diego (2024) 99 Cal.App.5th 890, 911.) 2 of 3

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As you are well aware, California remains in the throes of a statewide crisis-level housing shortage. New housing such as this is a public benefit: by providing affordable housing, it will mitigate the state’s homelessness crisis; it will increase the city’s tax base; it will bring new customers to local businesses; and it will reduce displacement of existing residents by reducing competition for existing housing. It will also help cut down on transportation-related greenhouse gas emissions by providing housing in denser, more urban areas, as opposed to farther-flung regions in the state (and out of state). While no one project will solve the statewide housing crisis, the proposed development is a step in the right direction. CalHDF urges the City to approve it, consistent with its obligations under state law.

CalHDF is a 501(c)(3) non-profit corporation whose mission includes advocating for increased access to housing for Californians at all income levels, including low-income households. You may learn more about CalHDF at www.calhdf.org.

Sincerely,
Dylan Casey
CalHDF Executive Director
James M. Lloyd
CalHDF Director of Planning and Investigations
3 of 3

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Nov 18, 2025
City of Los Altos
1 North San Antonio Road
Los Altos, CA 94022
Re: Proposed Housing Development Project at 996 Loraine Avenue By email: [email protected]; [email protected]; [email protected]; [email protected]; [email protected]; [email protected];
Cc: [email protected]; [email protected]; [email protected]
Dear Los Altos City Council,
The California Housing Defense Fund (“CalHDF”) submits this letter to remind the City of its obligation to abide by all relevant state laws when evaluating the proposed 12-unit housing development project at 996 Loraine Avenue, which includes 2 low-income units. These laws include the Housing Accountability Act (“HAA”), the Density Bonus Law (“DBL”), and AB 130.

Code, § 65589.5, subd. (j)(3)). The HAA’s protections therefore apply, and the City may not reject the project except based on health and safety standards, as outlined above.

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City of San Diego (2022) 74 Cal.App.5th 755, 775.)
The project is eligible for a statutory exemption from CEQA pursuant to AB 130 (Pub. Res.

Code, § 21080.66), which was signed into law on June 30, 2025 and effective immediately (Assembly Bill No. 130, 2025-2026 Regular Session, Sec. 74, available here) Caselaw from the California Court of Appeal affirms that local governments err, and may be sued, when they improperly refuse to grant a project a CEQA exemption or streamlined CEQA review to which it is entitled. (Hilltop Group, Inc. v. County of San Diego (2024) 99 Cal.App.5th 890, 911.) As you are well aware, California remains in the throes of a statewide crisis-level housing shortage. New housing such as this is a public benefit: by providing affordable housing, it will mitigate the state’s homelessness crisis; it will increase the city’s tax base; it will bring new customers to local businesses; and it will reduce displacement of existing residents by reducing competition for existing housing. It will also help cut down on transportation-related greenhouse gas emissions by providing housing in denser, more urban areas, as opposed to farther-flung regions in the state (and out of state). While no one project will solve the statewide housing crisis, the proposed development is a step in the right direction. CalHDF urges the City to approve it, consistent with its obligations under state law.

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Sincerely,
Dylan Casey
CalHDF Executive Director
James M. Lloyd
CalHDF Director of Planning and Investigations
3 of 3

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City Council Staff Report
Meeting Date: November 18, 2025
Prepared By:

Approved By:

Subject: Approval of Meeting Minutes

COUNCIL PRIORITY AREA

RECOMMENDATION
Approve the Draft Regular Meeting Minutes for the Meeting of October 28, 2025

ENVIRONMENTAL IMPACT

FISCAL IMPACT

PREVIOUS COUNCIL CONSIDERATION

BACKGROUND

ANALYSIS

DISCUSSION

ATTACHMENTS

1. 10-28-2025 DRAFT Regular Meeting

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CITY OF LOS ALTOS

CITY COUNCIL MEETING MINUTES
TUESDAY, OCTOBER 28, 2025
7:00 p.m.
1 N. San Antonio Rd. ~ Los Altos, CA
Pete Dailey, Mayor
Neysa Fligor, Vice Mayor
Larry Lang, Councilmember
Sally Meadows, Councilmember
Jonathan D. Weinberg, Councilmember
CALL MEETING TO ORDER – Pete Dailey, Mayor, called the meeting to order at 7:00 p.m.

ESTABLISH QUORUM – All Councilmembers were present.

PLEDGE OF ALLEGIANCE – Pete Dailey, Mayor, led the Pledge of Allegiance.

REPORT ON CLOSED SESSION
There was no Closed Session meeting held.

CHANGES TO THE ORDER OF THE AGENDA
There were no changes to the order of the agenda.

PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
There were no speakers during Public Comment.

CONSENT CALENDAR
Sally Meadows, Councilmember, announced an amendment to Item 1.

Motion by Lang and Second by Fligor to approve the Consent Calendar, as amended. Motion carried unanimously by roll call vote.

1. Approval of Meeting Minutes
Approve the Draft Meeting Minutes for the Regular Meeting of October 14, 2025

2. Adoption of Resolution - Amendment to a Professional Service Agreement Adopt a Resolution authorizing the City Manager to execute an Amendment No.1 to the Professional Service Agreement with Harris & Associates in the Amount of $129,811.06 for the Downtown Parking Lot Resurfacing Project

3. Adoption of Resolution - Fire Protection Services Contract Adopt a resolution regarding fire protection service options in the City of Los Altos

4. Adoption of Resolution - Donation Acceptance
Adopt a resolution accepting a $100,000 donation from the Chou Family for public safety improvements and allocating the full amount to the 999 Fremont Capital Project (Project No. 10004 / CF-01006)

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City of Los Altos
City Council Regular Meeting Minutes
October 28, 2025

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SPECIAL ITEM
Issue Proclamation Recognizing the Chou Family Donation for the 999 Fremont Police Substation
Pete Dailey, Mayor, presented the proclamation to a member of the Chou Family.

PUBLIC HEARING

5. 2025 Los Altos Building Code Updates
Two actions for Council consideration:
• Adopt an Ordinance of the City Council of the City of Los Altos Repealing in its Entirety Title 12 for Buildings and Construction of the Los Altos Municipal Code; and
• Adopt an Ordinance of the City Council of the City of Los Altos Adding Title 12 for Buildings and Construction to the Los Altos Municipal Code Including Chapters

12.04, 12.06, 12.08, 12.10, 12.12, 12.14, 12.16, 12.18, 12.20, 12.22, 12.24, 12.26,

12.28, 12.30, 12.32, 12.34, 12.36, 12.38, and 12.40 to Adopt by Reference the 2025 California Building Codes with Local Amendments; and Find that both actions are exempt from environmental review pursuant to Section 15061(b)(3) and 15308 of the California Environmental Quality Act (CEQA) Guidelines.

Veronica Tinoco, Building Official, presented the report.

Pete Dailey, Mayor, opened the Public Hearing.

The following members of the public spoke regarding the item:
• Bruce Karney • Dash Leeds
• David Cain • Cheryl Weiden
• Bob Mayo • Connie Miller
Pete Dailey, Mayor, closed the Public Hearing.

Motion by Weinberg and Second by Meadows to waive second reading and adopt an Ordinance of the City Council of the City of Los Altos repealing in its Entirety Title 12 for Buildings and Construction of the Los Altos Municipal Code and find that the motion is categorically exempt from CEQA. Motion carried unanimously by roll call vote.

Motion by Weinberg and Second by Meadows to waive second reading and adopt an Ordinance of the City Council of the City of Los Altos Adding Title 12 for Buildings and Construction to the Los Altos Municipal Code Including Chapters 12.04, 12.06, 12.08, 12.10, 12.12, 12.14,

12.16, 12.18, 12.20, 12.22, 12.24, 12.26, 12.28, 12.30, 12.32, 12.34, 12.36, 12.38, and 12.40 to Adopt by Reference the 2025 California Building Codes with Local Amendments; and Find that both actions are exempt from environmental review pursuant to Section 15061(b)(3) and 15308

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City of Los Altos
City Council Regular Meeting Minutes
October 28, 2025

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of the California Environmental Quality Act (CEQA) Guidelines. Motion carried unanimously by roll call vote.

DISCUSSION ITEM

6. Discuss Los Altos Chamber of Commerce Contract Amendment Amend contract with Los Altos Chamber of Commerce
Kim Mosley, Director of the Chamber of Commerce, presented the report.

There were no speakers regarding the item.

The City Council directed staff to return to a future meeting with a contract amendment to remove all portions pertaining to the Los Altos Magazine for FY25-26, FY26-27, and FY27-28.

INFORMATIONAL ITEMS ONLY
There will be no discussion or action on Informational Items

12. Tentative Council Calendar and Housing Element Update Implementation Calendar

13. 10-28-2025 Council QA

COUNCIL/STAFF REPORTS AND DIRECTIONS ON FUTURE AGENDA ITEMS ADJOURNMENT – The regular meeting adjourned at 8:24 p.m.

The meeting minutes were prepared by Melissa Thurman, City Clerk, for approval at the regular meeting on November 18, 2025.
_________________________________ __________________________________ Pete Dailey Melissa Thurman, MMC
Mayor City Clerk
The October 28, 2025, City Council meeting recording may be viewed via the following external website: https://www.youtube.com/@CityofLosAltosCA
The City of Los Altos does not own or operate YouTube. The video referenced in these minutes was live at the time the minutes were published.

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City Council Staff Report
Meeting Date: November 18, 2025
Prepared By: Melissa Thurman
Approved By: Gabe Engeland
Subject: Adopt the Proposed 2026 City Council Meeting Schedule

COUNCIL PRIORITY AREA
General Government

RECOMMENDATION
Adopt the Proposed 2026 City Council Meeting Schedule

ENVIRONMENTAL IMPACT
Not Applicable

FISCAL IMPACT
Not Applicable

PREVIOUS COUNCIL CONSIDERATION
The City Council reviews and adopts their meeting schedule annually.

BACKGROUND
Not Applicable

ANALYSIS
Not Applicable

DISCUSSION
The City Council conducts regular meetings on the second and fourth Tuesday of each month in the Los Altos Council Chambers. In December of each year, the City Council holds its reorganization ceremony on the second Tuesday of the month. However, due to the absence of a second meeting in November, which coincided with the Thanksgiving holiday, staff recommends adding a regular meeting on December 1, 2026, to facilitate city business.

The proposed 2026 meeting dates are listed below and in Attachment 1:

January 13, 2026 May 12, 2026 October 13, 2026
January 27, 2026 May 26, 2026 October 27, 2026
February 10, 2026 June 9, 2026 November 10, 2026
February 24, 2026 June 23, 2026 December 1, 2026
March 10, 2026 July 14, 2026 December 8, 2025
(Council re-organization)

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March 24, 2026 August 25, 2026
April 14, 2026 September 8, 2026
April 28, 2026 September 22, 2026

ATTACHMENTS

1. Attachment 1 - Meeting Schedule

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2026
City Council Meeting Calendar
Regular Meeting Dates Other Holiday Dates Canceled Dates

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S M T W T F S S M T W T F S S M T W T F S
27 28 29 30 1 2 3 1 2 3 4 5 6 7 29 30 1 2 3 4 5
4 5 6 7 8 9 10 8 9 10 11 12 13 14 6 7 8 9 10 11 12
11 12 13 14 15 16 17 15 16 17 18 19 20 21 13 14 15 16 17 18 19 18 19 20 21 22 23 24 22 23 24 25 26 27 28 20 21 22 23 24 25 26 25 26 27 28 29 30 31 29 30 1 2 3 4 5 27 28 29 30 31 1 2 1 2 3 4 5 6 7 6 7 8 9 10 11 12 3 4 5 6 7 8 9
Recognized City Holidays are denoted in Red
July 3 – Independence Day
Oct. 12 – Indigenous Peoples’ Day
Sept. 7 – Labor Day
Feb. 16 – President’s Day June 19 – Juneteenth Day Dec. 24/25 – Christmas Eve/Day Jan. 19 – MLJK's Day May 25 – Memorial Day Nov. 26/27 – Thanksgiving Break January February March
April May June
July August September
October November December
Jan. 1 – New Year’s Day March 31 – Cesar Chavez Day Nov. 11 – Veterans Day Observed

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Dec. 28 to 31 – Holiday Closure

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Toggle the Calendar's year

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City Council Staff Report
Meeting Date: November 18, 2025
Prepared By: Melissa Thurman
Approved By: Gabe Engeland
Subject: Approval of the 2026 City Council Reorganization Meeting Date

COUNCIL PRIORITY AREA
General Government

RECOMMENDATION
Approve the meeting date of January 13, 2026 for the City Council Reorganization Ceremony and cancel the City Council meeting date of December 2, 2025

ENVIRONMENTAL IMPACT
Not applicable

FISCAL IMPACT
Not applicable

PREVIOUS COUNCIL CONSIDERATION
Not applicable

BACKGROUND
Pursuant to the City Council Norms & Policies, Section 2.1:

The reorganization of the Council and the seating of new Councilmembers shall occur at a special meeting held on the earliest available Tuesday following the certification of election results, which is typically on the first or second Tuesday of December. If the certification is delayed because of a recount or other reason, the Council will wait until the certification is final before holding its reorganization special meeting. Seating preferences on the dais shall be made by the Mayor, Vice Mayor and then by seniority of the rest of the members, in that order. If two members have equal seniority based on year elected, then the member with the higher vote count in their most recent election is considered to have higher seniority. A community reception honoring the incoming and outgoing Mayor and Councilmembers will be held immediately following the reorganization meeting.

ANALYSIS
Not applicable

DISCUSSION
On November 4, 2025, the Santa Clara County Registrar of Voters (ROV) conducted a countywide election, which included a short-term seat for the office of Santa Clara County

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Assessor, for which Los Altos Vice Mayor Neysa Fligor was a candidate. As no candidate in the race received 50% of the votes or more, the election was moved to a runoff on December 30, 2025, with the top two candidates in that race listed on the ballot. Based on the preliminary election results released by the Santa Clara County ROV, Vice Mayor Fligor will be one of the two candidates in that runoff election. Therefore, it is recommended that the City Council move the City of Los Altos reorganization ceremony to January 13, 2026, when the preliminary results of the December 30, 2025 runoff election will be made public.

The 2025 City Council meeting calendar had two meeting dates in December 2025. One meeting was scheduled for December 2, 2025, to conduct regular city business, and the other was scheduled for December 9, 2025, to hold the reorganization ceremony. It is recommended that the meeting scheduled for December 2nd be canceled, and all items scheduled for that date be moved to December 9th, which is the traditionally held regular meeting for the month.

Additionally, the City Council Mayoral Appointments are typically assigned during the first meeting in January; however, the appointments for 2026 will be delayed until the second City Council meeting on January 27, 2026, to allow the incoming Mayor to make their final appointment selections. Until that time, the City Council assignments from 2025 will remain in effect.

ATTACHMENTS

1. Attachment 1 - Council Norms

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Council Norms and Procedures
Last Amended/Adopted – January 28, 2025

CITY COUNCIL

NORMS AND PROCEDURES

COUNCILMEMBERS
Pete Dailey
Neysa Fligor
Larry Lang
Sally Meadows
Jonathan Weinberg

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2 COUNCIL NORMS AND PROCEDURES

TABLE OF CONTENTS
SECTION 1: GENERAL

1.1 Purpose

1.2 Values

1.3 Review

1.4 Compliance with Applicable Laws
SECTION 2: MAYOR AND VICE MAYOR SELECTION PROCESS

2.1 Reorganization

2.2 Election of Mayor

2.3 Election of Vice Mayor

2.4 Councilmembers Serving After a Break in Service

2.5 Appointment of Vacancy
SECTION 3: COUNCIL SUBCOMMITTEES

3.1 Responsibility

3.2 Instructions and Expectations

3.3 Reporting

3.4 Standing Subcommittees
SECTION 4: COMMISSIONS AND COMMITTEES

4.1 Responsibility

4.2 Governing

4.3 Commission Liaisons

4.4 Attendance Requirement for Commissioners

4.5 Discipline or Removal of a Commissioner
SECTION 5: AD HOC COMMITTEES AND TASK FORCES

5.1 Instructions and Expectations

5.2 Reports

5.3 Redirection

5.4 Noticing
SECTION 6: ADMINISTRATIVE MATTERS

6.1 Attendance

6.2 Correspondence

6.3 Regional Boards

6.4 Response to Public

6.5 Proclamations

6.6 Reimbursement

6.7 Training

6.8 Limited Use of Electronic Devices during Council meetings

6.9 City Mission and City Seal

6.10 Use of email
SECTION 7: COUNCIL RELATIONSHIP WITH STAFF

7.1 City Manager

7.2 Agenda Item Questions

7.3 Complaints

7.4 Staff
SECTION 8: MEETINGS

8.1 Open to Public

8.2 Broadcasting of City Council Meetings

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3 8.3 Regular Meetings

8.4 Cancelling Meetings

8.5 Special Meetings

8.6 Virtual Meetings

8.7 Closed Sessions

8.8 Annual Retreat

8.9 Quorum

8.10 Minutes

8.11 Adjourned Meetings
SECTION 9: POSTING NOTICE AND AGENDA

9.1 Posting of Notice and Agenda

9.2 Location of Posting
SECTION 10: AGENDA CONTENTS

10.1 Setting the Agenda

10.2 Description of Matters

10.3 Availability to the Public

10.4 Limitation to Act Only on Items on the Agenda

10.5 Order of Agenda

10.6 Change in Order of the Agenda

10.7 Consent Calendar

10.8 Tentative Council Calendar

10.9 Placing items on a future agenda

10.10 Council questions

10.11 Emergency Meetings
SECTION 11: PROCEDURES FOR THE CONDUCT OF PUBLIC MEETINGS

11.1 Role of Mayor

11.2 Rules of Order

11.3 Appeal Procedures

11.4 Public Hearing Procedures

11.5 Staff and Consultant Reports

11.6 Public Comment

11.7 Motions

11.8 Reconsideration of a Council Action

11.9 Council Discussions and Deliberations

11.10 Councilmember Respect

11.11 Council and Staff Reports and Directions on Future Agenda Items

11.12 Conflict of Interest

11.13 Teleconferencing
SECTION 12: CLOSED SESSIONS

12.1 Purpose

12.2 Rule of Confidentiality

12.3 Breach of Rule of Confidentiality

12.4 Agenda

12.5 Permissible Topics

12.6 Rules of Decorum

12.7 Conduct of Meeting

12.8 Public Disclosure After Final Action
SECTION 13: DECORUM

13.1 Councilmembers

13.2 City Employees

13.3 Public

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4 13.4 Noise in the Chambers
SECTION 14: VIOLATIONS OF PROCEDURES
APPENDIX A: ROSENBERG’S RULES OF ORDER (SIMPLE PARLIAMENTARY PROCEDURES FOR THE 21st CENTURY)

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5 SECTION 1. GENERAL

1.1 Purpose. The purpose of these Norms and Procedures is to promote communication, understanding, fairness, and trust among the members of the City Council, staff, and members of the public concerning their roles, responsibilities, and expectations for management of the business of the City of Los Altos. The Norms also inform the public about what to expect from their elected representatives while performing their duties.

1.2 Values. Councilmembers shall represent the best interests of the City and community at large. Councilmembers shall treat fellow Councilmembers, members of the public, Commission and Committee members, and staff and consultants with respect, civility, and courtesy. All Councilmembers shall respect each other’s individual points of view and right to disagree. When addressing the public in any way, all Councilmembers shall make certain their opinions are expressed solely as their own, and do not necessarily reflect the opinions of any other Councilmember. Councilmembers shall respect and abide by the decisions of the majority of the Council at all times.

1.3 Review. The City Council shall conduct a review of this document biennially, or whenever a new Councilmember has been seated or Council deems necessary, to assist Councilmembers in being more productive in management of the business of the City. A new Council will consider the document within three months of its first regular meeting.

1.4 Compliance with Applicable Laws. All conduct of the City Council, Commissions, Committees and Subcommittees shall be in full compliance with all applicable laws, including but not limited to State laws such as the Ralph M. Brown Act, the California Public Records Act, and the Political Reform Act, as amended. If there is a conflict between the Norms and Procedures and an applicable law, the applicable law shall govern.

SECTION 2. MAYOR AND VICE MAYOR SELECTION PROCESS

2.1 Reorganization. The reorganization of the Council and the seating of new Councilmembers shall occur at a special meeting held on the earliest available Tuesday following the certification of election results, which is typically on the first or second Tuesday of December. If the certification is delayed because of a recount or other reason, the Council will wait until the certification is final before holding its reorganization special meeting.

Seating preferences on the dais shall be made by the Mayor, Vice Mayor and then by seniority of the rest of the members, in that order. If two members have equal seniority based on year elected, then the member with the higher vote count in their most recent election is considered to have higher seniority.

A community reception honoring the incoming and outgoing Mayor and Councilmembers will be held immediately following the reorganization meeting.

CITY OF LOS ALTOS

CITY COUNCIL NORMS AND PROCEDURES

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6 2.2 Election of Mayor. Only Councilmembers elected by the voters or appointed to the City Council due to the cancelation of an election may serve as Mayor.

The term of office shall be one year. The Councilmember must have served at least 23 months to be eligible for Mayor. A majority vote of the Council is necessary to designate the Mayor. If there is at least one elected Councilmember with a minimum of 23 months of service who has not served as Mayor, he or she shall be designated Mayor before those who have already served as Mayor.

If there are two or more such members who have served more than 23 months and have never served as Mayor, the one having served the longest time on the Council shall be designated as Mayor.

In the event there are two or more members who have never served as Mayor and have served the same length of time, the one who received the greatest number of votes at his/her/their election or re-election to the Council shall become Mayor.

In the event there are two or more members who have served as Mayor, who have served the same continuous length of time, and who have been re-elected to the Council, the one who received the greatest number of votes at his/her/their re-election to the Council shall become Mayor.

In the event three new members are elected to the Council, then an exception to Sections 2.2 and 2.3 will apply, allowing the immediate appointment of a Vice Mayor without the normal 11 months of prior service, and the following year such person may be appointed as the Mayor without the normal 23 months of prior service. Any member re-elected to the Council after a break in service will be treated in the normal sequence for appointment as Vice Mayor and Mayor, without regard to such person’s service prior to the break in service.

The Mayor may be removed from office, for cause, by a 4/5ths affirmative vote of the members. The person is to be advised of the proposed cause for removal at least 72 hours before the action is taken. Requests for an agenda item to consider removal of the Mayor should be made to the City Manager.

2.3 Election of Vice Mayor. Only Councilmembers elected by the voters or appointed to the City Council due to the cancelation of an election may serve as Vice Mayor.

The selection process for determining who shall serve as Vice Mayor will follow that of Mayor, except the Councilmember must have served at least 11 months to be eligible to serve as Vice Mayor.

The Vice Mayor may be removed from office, for cause, by a 4/5ths affirmative vote of the members. The person is to be advised of the proposed cause for removal at least 72 hours before the action is taken. Requests for an agenda item to consider removal of the Vice Mayor should be made to the City Manager.

2.4 Councilmembers Serving After a Break in Service. The time of continuous service for any elected member of the Council who previously served on the Council prior to a break in service shall be considered to have started at his/her/their election after their break in service.

2.5 Appointment of Vacancy. In the event of a vacancy of office by the death or resignation of any Councilmember, the Council shall appoint a new Councilmember within sixty (60) days

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7 after a vacancy becomes effective in compliance with the California Elections Code, unless the Council, by resolution, decides to instead call a special election. In the event of appointment, the Council shall determine the process for appointment prior to the application process and in accordance with State law.

SECTION 3. COUNCIL SUBCOMMITTEES

3.1 Responsibility. The Mayor shall appoint Councilmembers to standing and ad hoc subcommittees as required to accomplish the work of the Council, subject to affirmation by the Council at its next regular meeting. It will be the responsibility of these subcommittees to inform and make recommendations to the Council and submit them to the Council for a vote. Staff shall work with, and support, Council subcommittees as required.

3.2 Instructions and Expectations. The Council shall make certain that all Council subcommittees are properly instructed in their assigned scope of work and responsibilities.

The expected outcome of the committee’s efforts shall be defined in writing and approved by a majority of the City Council.

3.3 Reporting. Council subcommittee members are to keep the Council informed of the work and progress of their subcommittee. These reports or minutes shall be made in writing whenever a recommendation is made to the Council.

3.4 Standing Subcommittees. From time to time, the City Council may vote to establish standing subcommittees. These include: the Council Youth Commission Interview Committee and joint committees with the different school districts that serve Los Altos residents.

The Council Youth Commission Interview Committee consists of two members of the City Council and is responsible for conducting interviews of applicants for the Youth Commission and making recommendations to the City Council regarding the appointments. The Committee meets as needed.

The City/ School District Committees consist of two members of the City Council and two members of the Board of Trustees of the applicable School District. The purpose of the subcommittee is to facilitate communication between the two bodies on issues of mutual concern by both legislative bodies, as directed by the City Council and/or School Board.

Meetings are open to the public and are generally held at least bi-annually.

SECTION 4. COMMISSIONS AND COMMITTEES

4.1 Responsibility. The Council may appoint residents of the community to the City’s nonCouncil standing commissions and committees. Commission and committee members shall represent the interests of the community at-large when serving on these bodies. These commissions and committees will respect the public and staff and shall take seriously their responsibility for reporting to the Council. Each commission is to keep a rotation schedule for representation at City Council meetings by one of its members. Attendance is required when a commission has an item of interest on the Council agenda, so as to be available to answer Council questions.

4.2 Governing. The City’s Commissions and Committees are governed by the Commission Handbook as adopted and amended by the City Council. If there is a conflict between the

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8 Commission Handbook and the Norms and Procedures, the Commission Handbook shall control as to the Commissions and Committees.

4.3 Commission Liaisons. To facilitate the exchange of information between the Council and its Commissions, the Mayor will at least annually make liaison appointments to the Commissions. These appointments shall be ratified by the Council. Councilmembers shall respect the separation between policy making and advisory Commissions by: A) not attempting to lobby or influence Commissions on any item under their consideration; B) attending meetings of assigned Commissions, but not taking a position on an item before the Commission; C) not voting at the Commission’s meeting on any item; and D) assisting the Commission in scheduling recommendations to be heard by the Council.

If an issue arises regarding a member of any Commission, staff may work with the assigned Council Liaison to resolve the issue.

4.4 Attendance Requirement for Commissioners. Commissioners are expected to attend meetings in accordance with the Commissioner Handbook. If a Commissioner is not meeting the attendance requirement, the Commission Chair will first address the issue by talking with the Commissioner and will give the Commissioner an opportunity to meet the requirements. If the Commissioner continues to not meet the attendance requirement, the Chair can give the Commissioner an opportunity to resign from the Commission. If the Commissioner does not want to resign and continues to not meet the attendance requirement, the Chair should discuss with the staff liaison and Council liaison the appropriate action to address it.

4.5 Discipline or Removal of a Commissioner. Commissioners serve at the pleasure of the City Council. The City Council may discipline or remove a Commissioner at any time solely at the discretion of the Council. Any proposed removal can be with or without cause. A Councilmember who wishes to discipline or remove a Commissioner shall indicate their desire to place the discipline or removal on a future agenda at the end of a regular Council meeting. If three or more Councilmembers wish to agendize the discipline or removal of a certain Commissioner, the item will be placed on a Council agenda.

SECTION 5. AD HOC COMMITTEES AND TASK FORCES

5.1 Instructions and Expectations. The Council shall make certain that all Council-appointed Ad Hoc Committees and Task Forces are properly instructed in their assigned scope of work and responsibilities. The expected outcome of the Committee’s or Task Force’s efforts shall be defined in writing and formally approved by a majority of the City Council.

5.2 Reports. Ad Hoc Committees and Task Forces are responsible for keeping the Council informed about issues being considered, and their progress. This is to be accomplished by meeting minutes distributed in the Council meeting packets or through oral reports to Council. Ad Hoc Committees and Task Forces are responsible for advising the Council of any need for information or more specific instructions.

5.3 Redirection. Ad Hoc Committees and Task Forces shall obtain Council concurrence before they proceed in any direction different from the original instructions of the Council.

5.4 Noticing. Per Resolution No. 2015-09, Ad Hoc Committees and Task Forces that are created by the City Council and are composed of less than a quorum of the Council and have

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9 members of City Commissions and/or members of the public on the committee are subject to the provisions of State Law.

SECTION 6. ADMINISTRATIVE MATTERS

6.1 Attendance. City Councilmembers acknowledge that attendance at lawful meetings of the City Council is part of their official duty. Councilmembers shall make a good faith effort to attend all such meetings unless unable. Councilmembers will notify the Mayor or the City Clerk if they will be absent from a meeting.

6.2 Correspondence. With some exceptions, proposed correspondence (including electronic) from individual Councilmembers/Mayor on City stationery shall be reviewed by the Council in draft form prior to release. On occasion, there are urgent requests for correspondence concerning legislation directly affecting municipalities. The Mayor may send a letter without first obtaining Council review if the content of the letter aligns with the Council’s position on the subject issue. A copy of the letter should be sent to all Councilmembers.

City letterhead will be made available for routine, discretionary correspondence (i.e., thank you notes, etc.), or such correspondence will be prepared by staff for signature, without prior consent of the Council. E-mails from Councilmembers should be respectful, professional, and consistent with the City’s Electronic Use Policy.

6.3 Regional Boards. The Mayor shall appoint Councilmembers to Regional Committees/Commissions/Boards as required by the governing bodies. These appointments are subject to affirmation by the Council. The role of the Council on regional boards will vary depending on the nature of the appointment. Representing the interests of Los Altos is appropriate on some boards; this is generally the case when other local governments have their own representation.

The positions taken by the appointed representatives are to be in alignment with the positions that the Council has taken on issues that directly impact the City of Los Altos. If an issue should arise that is specific to Los Altos, and the Council has not taken a position, the issue should be discussed by the Council prior to taking a formal position at a regional board meeting, to assure that it is in alignment with the Council’s position.

Council representatives to such boards shall keep the Council informed of ongoing business through brief oral or written reports to the Council.

Councilmembers shall make a good faith effort to attend all regional meetings that require a quorum of the appointed members to convene a meeting. If a Councilmember is unable to attend, he/she should notify his/her/their alternate as far in advance of the meeting as possible so as to allow the alternate to attend.

Appointments to regional boards shall terminate upon the expiration of Councilmember’s term unless: 1) the Councilmember is reelected and can serve the full term on the regional board; or 2) action is taken by the Council to reappoint the individual to the regional board, and such appointment is consistent with the regional board’s policies.

6.4 Response to Public. It will be the responsibility of the City Manager to ensure a response is provided to all public correspondence for informational requests addressed to the Council.

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10 Staff shall respond to all requests for services and provide a copy of such correspondence to the City Council, as appropriate.

6.5 Proclamations. Proclamations are discretionary public announcements directing attention to a local resident, organization, or event. The Mayor, without formal action of the Council, may issue proclamations. Requests for proclamations should be submitted at least one week in advance. This allows the Mayor to decide if a proclamation should be issued.

Alternatively, the Mayor, at his/her/their discretion, may refer a request to Council.

6.6 Reimbursement. City Councilmembers may be reimbursed for personal expenses for travel to and lodging at conferences or meetings related to their role as a Councilmember.

Reimbursements shall be subject to the City’s Travel and Expense Policy.

Brief reports must be given on any outside meeting attended at the expense of the City at the next regular Council meeting. Reimbursement is conditioned on the submission of this report to the City Council.

6.7 Training.

Ethics: Members of the City Council and commissions shall receive at least two hours of ethics training in general ethics principles and ethics laws relevant to his/her/their public service every two years. New members must receive this training within their first year of service. Members shall attend training sessions that are offered locally in the immediate vicinity of Santa Clara County or by completing online a state-approved public service ethics education program.

An individual who serves on multiple legislative bodies need only receive two hours of ethics training every two years to satisfy this requirement for all applicable public service positions.

Sexual Harassment: In addition, Councilmembers shall receive two hours of sexual harassment prevention training every two years, per State law. New members must receive this training within their first six months of service.

Brown Act: Members of the City Council and those individuals appointed by the City Council to serve on a commission or advisory committee will receive training on the requirements of the Brown Act at the time they begin their service and again when there is a scheduled Commission training.

Anti-Bias: At least every 2 years, Councilmembers and Commissioners will receive anti-bias training organized by the City.

Other Training. From time to time, the City Council may direct that Members of the City Council and Commissions receive training on different topics.

The City Clerk is required to keep training records for five years to document and prove that these continuing education requirements have been satisfied. These documents are public records subject to disclosure under the California Public Records Act.

6.8 Use of Electronic Devices during Council Meetings. The City Council permits and promotes the utilization of technology to ensure efficient and effective conduct of the people’s business, in accordance with applicable open meetings and records laws, due process rights of interested parties, and other applicable law and city policies.

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11 i. Councilmembers’ use of electronic communications and data devices (including – but not limited to – laptop computers, cell phones, tablet computers, pagers, wearable technology, and similar devices), at a meeting during which the Councilmember is subject to the provisions of State Law shall be limited to personal use (note taking, etc.) and to access documents only available to the member (e.g., personal files stored on the cloud) or documents available to the public (e.g. documents on the City’s website, websites available to the public, etc.).
ii. At a meeting during which a Councilmember is subject to the provisions of State Law, the Councilmember may not use electronic devices to read electronic communications from, or send electronic communications to, members of the public, other Councilmembers, and parties to city proceedings. If a Councilmember receives an electronic communication which the member believes to be a family emergency, the Councilmember should ask the Mayor to take a break so the Councilmember may address the issue. The Councilmember should not read the electronic communication during the meeting.

6.9 City Mission and City Seal. The Mission of the City of Los Altos is a statement that reflects the values of our residents. The City Seal is an important symbol of the City of Los Altos.

No change to the City Mission and/or City Seal shall be made without Council approval.

Use of the City Seal shall be by permission of the City Clerk.

6.10 Use of email. City Councilmembers shall strive to use only their City email account for City business.

SECTION 7. COUNCIL RELATIONSHIP WITH STAFF

7.1 City Manager. City Councilmembers are always free to go to the City Manager to discuss any subject. Issues concerning the performance of a Department, or any employee must be directed to the City Manager. City Councilmembers shall not meet with groups of management employees for the purpose of discussing terms of employment or establishing employee policy. Direction to City employees, other than the City Manager or City Attorney, is the prerogative of the City Manager. In passing along critical information, the City Manager will be responsible for contacting all Councilmembers. The City Manager may delegate this responsibility to Department Heads.

7.2 Agenda Item Questions. The Council shall not abuse, embarrass, or harass staff. If a Councilmember has a question on a subject, the Councilmember should contact the City Manager prior to any meeting at which the subject may be discussed. This does not restrict Councilmembers from asking questions during a Council meeting.

7.3 Complaints. Councilmembers shall encourage people to file all complaints related to work or services provided by City staff directly with the City Manager and the appropriate staff member. The City manager and staff shall ensure that all people receive a response. If a Councilmember receives a complaint directly, the Councilmember should forward the complaint to the City Manager. If all Councilmembers are copied on the same complaint

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12 and the City Manager is not copied, the Mayor is responsible for forwarding the complaint to the City Manager.

7.4 Staff. Councilmembers may ask Department Heads for information. This informal system of direct communication is not to be abused.

SECTION 8. MEETINGS

8.1 Open to Public. All meetings of the City Council, except for closed sessions as authorized by law, shall be open to the public. All meetings shall be noticed as required to allow action to be taken by the Council. All meetings of the City Council, with the exception of Closed Sessions, shall be held in a hybrid manner in which members of the public may participate in person or observe via videoconference. Should the City Council be required to hold meetings entirely via videoconference (e.g., natural disaster, State or County health orders), such meetings shall be held in a manner in which members of the public may participate remotely.

8.2 Broadcasting of City Council Meetings. All regular Council meetings and study sessions shall be scheduled in the Community Meeting Chambers to allow for web streaming, unless the number of participants exceeds room capacity. The final decision shall be the responsibility of the Mayor. All regular City Council meetings and study sessions shall be video-recorded, unless the City is unable to do so due to unforeseen circumstances or circumstances beyond the City’s control in which case the meeting shall be audio-recorded.

All other public meetings of the City Council shall be audio recorded as practical. Each such video and audio recording shall be a public record subject to inspection pursuant to State Law. The video recording of meetings of the City Council shall be made available within one week of the meeting by webcast on the City’s website and shall remain on the City’s website permanently. The audio and video record of all meetings under this section shall be kept permanently.

8.3 Regular Meetings. The City Council shall conduct its regular meetings at the time and place established by ordinance. At the first regular meeting in December, the City Council will approve the schedule of meetings for the next calendar year, which shall be the Council’s adopted regular meeting schedule. This practice does not, however, preclude the Mayor or a majority of the members of the City Council from calling additional meetings pursuant to Section 8.5, if necessary. If the Council schedules a meeting that is not part of the adopted regular meeting schedule, that meeting shall be a special meeting or a study session.

It will be the custom to have a recess at approximately 9:00 p.m. Prior to the recess, the Mayor shall announce whether any items will be carried over to the next meeting. The established hour after which no new items will be started is 11:00 p.m. Remaining items, however, may be considered by consensus of the Council.

8.4 Cancelling Meetings. Any meeting of the City Council may be cancelled in advance by majority vote of the Council. The Mayor may cancel a meeting in the case of an emergency or when a majority of members have confirmed in writing to the City Manager their unavailability to attend a meeting or agreement to cancel a meeting.

8.5 Special Meetings. A special meeting may be called at any time by the Mayor or by a majority of the City Council in accordance with State Law. Written notice of any such meeting must specify the purpose of the meeting and the identities of members making the call. Notice of

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13 the meeting must be given in accordance with law. Public comments at special meetings shall be limited to only those items described on the special meeting notice/agenda.

The City Council may hold study sessions or joint meetings with other boards, commissions, committees, or agencies as deemed necessary to attend to City business. These meetings will be coordinated by the City Clerk. Study sessions, which are special meetings, are scheduled to provide Councilmembers the opportunity to better understand a particular item.

While Council may legally take action at any noticed meeting, generally no formal action is taken at study sessions. If action is to be taken at a study session, then the agenda will state that action may be taken.

8.6 Virtual Meetings. If, pursuant to applicable laws or orders, the City Council holds a virtual special or regular meeting, the requirements set forth in the Norms and Procedures shall still apply, to the extent these requirements are feasible. Any feature on the platform hosting the virtual meeting that allows members of the public and/or Councilmembers to communicate outside of the approved methods of communication for the meeting, for example a “chat” feature, shall be disabled during the meeting.

8.7 Closed Sessions. The City Council may hold closed sessions at any time authorized by law (and in consultation with the City Attorney), to consider or hear any matter, which is authorized by law. The Mayor or a majority of the City Council may call closed session meetings at any time. Requests for a closed session should be made to the City Manager.

8.8 Annual Retreat. The City Council shall hold an annual retreat following the reorganization of the Council (typically in December or January). The primary purpose of the retreat shall be to review accomplishments for the past calendar year and to discuss and set priorities for the City Council for the following calendar year. The Mayor may also work with the City Manager to organize other activities for the annual retreat such as team building exercises and having guest speaker(s). The retreat may be held over multiple days.

8.9 Quorum. Three (3) members of the City Council shall constitute a quorum and shall be sufficient to transact business. If less than three Councilmembers appear at a regular meeting, the Mayor, Vice Mayor in the absence of the Mayor, any Councilmember in the absence of the Mayor and Vice Mayor, or in the absence of all Councilmembers, the City Clerk or Deputy City Clerk, shall adjourn the meeting to a stated day and hour.

Business of the City Council may be conducted with a minimum of three members being present; however, pursuant to the California Government Code, matters requiring the expenditure of City funds and all resolutions and non-urgency ordinances must receive three affirmative votes for approval.

8.10 Minutes. Staff shall prepare minutes of all public meetings of the City Council. Copies shall be distributed to each Councilmember. Closed session minutes, if any, shall be approved by all Councilmembers and kept in strict confidence.

8.11 Adjourned Meetings. The City Council may adjourn any regular, adjourned regular, special, or closed session meeting to a time and place specified in the order of adjournment and permitted by law. Similar to all sections in the Norms and Procedures, this section is subject to section 14 of the Norms and Procedures.

SECTION 9. POSTING NOTICE AND AGENDA

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14 9.1 Posting of Notice and Agenda. For every regular, special, or study session meeting, the City Clerk or other authorized person shall post a notice of the meeting, specifying the time and place at which the meeting will be held, and an agenda containing a brief description of all items of business to be discussed at the meeting. This notice and agenda may be combined in a single document. Posting is to be in accordance with State law. The policy of the City shall be that the notice and agenda for regular meetings will be posted by 5:00 p.m. on the Thursday prior to the meeting.

9.2 Location of Posting. The notice and agenda shall be posted in accordance with State law.

SECTION 10. AGENDA CONTENTS

10.1 Setting the Agenda. The Mayor, in consultation with the City Manager or his/her/their designee, and the City Clerk shall organize the agenda.

10.2 Description of Matters. All items of business to be discussed at a meeting of the City Council shall be briefly described on the agenda. The description should set forth the proposed action to be considered so that members of the public will know the nature of the action under review and consideration.

10.3 Availability to the Public. The agenda for any regular, special, or study session meeting, shall be made available to the general public as required by law.

10.4 Limitation to Act Only on Items on the Agenda. No action shall be taken by the City Council on any item not on the posted agenda, subject only to the exceptions listed below:

A. Upon a majority determination that an “emergency exception” (as defined by State Law) exists; or
B. Upon determination by a 4/5 vote of the full City Council, or a unanimous vote if less than a full Council, that an “urgency exception” (as defined by State Law) exists and the Council needs to take immediate action and that the need to take the action came to the attention of the City Council subsequent to posting of the agenda.

C. Two Councilmembers are required to request an item be placed on the agenda for the full Council to determine if the item meets the urgency or emergency exception. This determination is done in accordance with Section 10.4A or 10.4B above and occurs soon after the Council meeting begins. If the Council votes to hear the emergency or urgency item, the item would then be placed as a discussion item on that Council meeting’s agenda.

10.5 Order of Agenda. The prescribed order of the agenda for Regular Meetings of the Council will be as follows: Establish Quorum, Pledge of Allegiance, Closed Session Announcement (if needed), Changes to the Order of the Agenda, Special Items, Public Comments on Items not on the Agenda, Consent Calendar, Public Hearings, Discussion Items, Informational Items, City Council Reports, Future Agenda Items, and Adjournment.

10.6 Changes to the Order of the Agenda. “Changes to the Order of the Agenda” will be an agenda item that is heard soon after the Council meeting begins whereby the Mayor, Councilmembers and/or City staff may request a change to the order in which agenda items are to be considered. The Mayor will ask if there are any changes to the order of the agenda.

Any requested changes will be made in the form of a motion and a vote will be taken. If there are no requests for changes, the agenda will be taken in the prescribed order.

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15 10.7 Consent Calendar. Prior to consideration of the Consent Calendar, a Councilmember may remove an item from the Consent Calendar. At the Mayor’s discretion, items removed from the Consent Calendar may be considered immediately after approval of the balance of the Consent Calendar or elsewhere in the agenda. Councilmembers shall be given the opportunity to ask a clarifying question about a consent item or make a brief comment about an item without having to remove the item from the Consent Calendar. Members of the public will be given the opportunity to provide comments prior to a motion being made. If an item is pulled from the Consent Calendar, public comments shall be heard when the Council considers that item.

10.8 Tentative Council Calendar. The Tentative Council Calendar shall list items pending to come before Council within the next 12 months period and will be included as part of each Council Meeting’s Agenda Packet. City Staff will post the Tentative Council Calendar on the City’s website and make updates to the Tentative Council Calendar, as necessary.

The Tentative Council Calendar shall be included in each City Council regular meeting agenda packet as an Informational Item.

10.9 Placing items on a future agenda. Members of the City Council may have any matter that can be legally agendized placed on the agenda of the City Council by indicating their desire to do so under that portion of the City Council agenda designated, “Future City Council Agenda Items.” Placing an item on a future agenda requires two Councilmembers to support the item if no staff work is required and three Councilmembers if staff work is required.

Unless an item is deemed an urgency exception or emergency exception, as defined in the Norms, Councilmembers shall request the placement of items on future agendas at a public Council meeting.

10.10 Council questions. Councilmembers shall strive to provide questions to city staff on agenda items as early as possible before a council meeting to allow adequate time to respond to the questions. Staff will provide all questions and answers to Council questions to all Councilmembers prior to the subject Council meeting, and, excepting attorney-client communications, to the public as soon as possible. Councilmembers shall strive to notify staff if they plan to raise a specific question at the Council meeting. If a Councilmember feels they need additional information to make a decision on an item, and the item is not time sensitive, the Councilmember may request the item be continued to a future meeting during Changes to the Order of the Agenda.

10.11 Emergency Meetings. The City Council may hold an emergency meeting (as defined in State Law) without complying with either the 24-hour notice requirement, or the 24-hour posting requirement, or both of the notice and posting requirements.

SECTION 11. PROCEDURES FOR THE CONDUCT OF PUBLIC MEETINGS

11.1 Role of Mayor.

A. The Mayor is responsible for running the meeting. If the Mayor is unavailable to run a Council meeting, the Vice Mayor shall run the meeting. The Mayor shall be responsible for maintaining the order and decorum of meetings. It shall be the duty and responsibility of the Mayor to ensure that the rules of operation and decorum contained herein are observed. The Mayor shall maintain control of communication between Councilmembers and among Council, staff and public. The Mayor has the prerogative to be the last Councilmember to

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16 vote on an item. The Mayor and Councilmembers are responsible to self-monitor their own conduct and speaking time to ensure a timely meeting.

B. Communication with Councilmembers

1. Councilmembers shall request the floor from the Mayor before speaking.

2. When one member of the Council has the floor and is speaking, other Councilmembers shall not interrupt or otherwise disturb the speaker.

C. Communication with Members of the Public Addressing the Council

1. The Mayor shall open the floor for public comment as appropriate.

2. Councilmembers may question a person addressing the Council at the conclusion of the person’s comments or upon expiration of the person’s time to speak.

3. Any staff member with an item on the agenda will be available to the City Council to answer questions arising during discussions between Councilmembers and among Councilmembers and members of the public.

4. Members of the public shall direct their questions and comments to the Council.

11.2 Rules of Order. The City Council adopts no specific rules of order except those listed herein.

The City Council shall refer to Rosenberg’s Rules of Order, as a guide for the conduct of meetings, with the following modifications:

A. Although permitted, a motion is not required prior to a general discussion on an agenda item. A pre-motion discussion allows the members to share their thoughts on the agendized item so that a motion can more easily be made that takes into account what appears to be the majority position.

B. All motions, except nominations, require a second.

C. A motion may be amended at the request of the maker and the consent of the person who seconded the motion. Such a procedure is often used to accommodate concerns expressed by other members.

D. A motion to amend may still be used.

The Mayor has the discretion to impose reasonable rules at any particular meeting based upon facts and circumstances found at any particular meeting. These latter rules will be followed unless objected to by a majority of the City Councilmembers present.

11.3 Appeal Procedures. Appellants shall be given the opportunity to speak first. Appellants and applicants responding to appeals may be given a total of up to 10 minutes each to present their positions to the City Council prior to hearing public comments. Appellants shall be given up to 5 minutes of rebuttal time after public comments are heard.

11.4 Public Hearing Procedures. All land use public hearing items shall follow the following procedures:

A. Staff presentation and/or report followed by clarifying questions from the Council B. Disclosure of communications: Councilmembers shall disclose all personal communications with any individual, including, but not limited to, the project applicant, prospective project applicants, neighboring property owners, residents, or any other party regarding development projects. These disclosures shall include a full description of the nature of the discussion, and in particular, any information not presented as part of the public record

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17 C. The Mayor shall open the public hearing
a. Applicant presentation; the applicant shall be given a total of up to 10 minutes to present to the City Council
b. The Council shall take public comments
c. Applicant rebuttal period; the applicant shall be given a total of up to 5 minutes rebuttal time. If there are no public comments, the applicant shall not be given time for rebuttal
D. The Mayor shall close the public hearing
E. Council discussion, consideration, and decision

11.5 Staff and Consultant Reports. Staff and consultant reports will be given a limit of up to 10 minutes. Staff is to assume that the Council has read all materials submitted. Council shall be given an opportunity to ask questions of staff prior to hearing public comments.

11.6 Public Comment.

A. Persons present at meetings of the City Council may comment on individual items on the agenda. During Regular City Council meetings, comments may be offered on items not on the agenda under that portion of the agenda identified for Public Comment.

B. The limit for speakers will be 1 to 3 minutes, depending on the number of speakers, and the number of items that the Council is discussing at that meeting.

A single speaker may cede their time to one other speaker. The designated speaker will be given the time which would have been allocated to the other speaker (to a maximum of five minutes). Individuals wanting to delegate time to another must be present at the meeting and must indicate their desire to cede time to a single individual by noting on a speaker card they are doing so. Persons who have ceded their time will not be permitted to speak on the topic at that meeting. Members of the public are not permitted to cede their time during quasi-judicial proceedings.

C. In order to facilitate an orderly meeting, anyone wishing to address the City Council is asked to fill out a Request to Speak card, indicating their name, address, and agenda item number/topic. A separate card is requested for each item. The request to speak cards shall be turned into the City Clerk before the item is heard by the City Council.

D. Upon addressing the Council, each speaker is requested, but not required, to first state his/her/their/their name, whom they represent and/or city of residence.

E. After the speaker has completed their remarks, Councilmembers may ask questions of the speaker after being acknowledged by the Mayor. Councilmembers shall be respectful of the speakers and shall not enter into a debate with any member of the public.

F. Upon conclusion of the Public Comment section for any item, the Mayor may provide Councilmembers and/or staff with an opportunity to respond to statements made by the public.

G. All Councilmembers shall listen to all public discussion as part of the Council’s community responsibility. Individual Councilmembers should remain open-minded to comments made by the public.

H. The Mayor has the right to ask a member of the public to step down if over the allotted time or if comments are not germane.

11.7 Motions. It will be the practice of the City Council for the Mayor to provide Councilmembers an opportunity to ask questions of staff, comment on, and discuss any agendized item in order to help form a consensus before a motion is offered. After such discussion, the Mayor or any Councilmember may make a motion. Before the motion can be considered or

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18 discussed, it must be seconded. Once a motion has been properly made and seconded, the Mayor shall open the matter to full discussion offering the first opportunity to speak to the moving party, and thereafter, to any Councilmember recognized by the Mayor. Customarily, the Mayor will take the floor after all other Councilmembers have been given the opportunity to speak.

If a motion clearly contains divisible parts, any Councilmember may request the Mayor or moving party divide the motion into separate motions to provide Councilmembers an opportunity for more specific consideration.

Tie Votes: Tie votes shall be lost motions. When all Councilmembers are present, a tie vote on whether to grant an appeal from official action shall be considered a denial of such appeal, unless the Council takes other action to further consider the matter.

If a tie vote results at a time when less than all members of the Council, who may legally participate in the matter, are present, the matter shall be automatically continued to the agenda of the next regular meeting of the Council, unless otherwise ordered by the Council.

11.8 Reconsideration of a Council Action.

Request for Reconsideration by a Councilmember

1. Request by a member of the City Council.

Only a member of the City Council who voted in the majority may request reconsideration. The request may be made at the same meeting, or 144 hours in advance of the next regular meeting. The request needs to be supported by two (2) Councilmembers, including the requesting Councilmember, for it to be added to the agenda. A request added to an agenda shall be structured in a manner that a motion for reconsideration may be considered immediately following approval of the request for reconsideration.

In presenting a request for reconsideration, the City Councilmember making the request should state orally or in writing the reason for the request, without dwelling on the specific details or setting forth various arguments. A member of the public may ask a Council member who voted in the majority to request reconsideration.

2. Motion for Reconsideration.

A motion to reconsider an action taken by the City Council may be made at the same meeting at which the action was taken (including an adjourned or continued meeting), or in accordance with Section 11.8A1. A motion to reconsider an action may be made only by a Councilmember who voted in the majority but may be seconded by any Councilmember and is debatable.

The motion must be approved by a majority of the entire City Council. At the time such motion for reconsideration is heard, testimony shall be limited to the facts giving rise to the motion.

C. Effect of Approval of Motion.

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19 Upon approval of a motion to reconsider, and at such time as the matter is heard, the City Council shall only consider any new evidence or facts not presented previously with regard to the item or a claim of error in applying the facts.

If the motion to reconsider is made and approved at the same meeting at which the initial action was taken and all interested persons (including applicants, owners, supporters, and opponents) are still present, the matter may be reconsidered at that meeting or at the next regular meeting or intervening special meeting (subject to the discretion of the maker of the motion) and no further public notice is required.

If the motion to reconsider is made and approved at the same meeting at which the initial action was taken but all interested persons are not still present, or if the motion is made and approved at the next regular meeting or intervening special meeting, the item shall be scheduled for consideration at the earliest feasible City Council meeting and shall be re-noticed in accordance with the Government Code, the City Municipal Code and the Council Norms and Procedures. The Clerk shall provide notice to all interested parties as soon as possible when a matter becomes the subject of a motion to reconsider.

11.9 Council Discussions and Deliberations.

A. The discussion and deliberations at meetings of the City Council are to secure the mature judgment of Councilmembers on proposals submitted for decision. This purpose is best served by the exchange of thought through discussion and debate.

To the extent possible, Councilmembers should disclose any ex parte communication prior to discussion on an item.

Discussion and deliberation are regulated by these rules in order to assure every member a reasonable and equal opportunity to be heard.

B. Obtaining the Floor for Discussion.

After the Council has commented on an issue, and a motion has been stated to the Council and seconded, any member of the Council has a right to discuss it after obtaining the floor. The member obtains the floor by seeking recognition from the Mayor. A member who has been recognized should limit his/her/their time to 3 minutes.

C. Speaking More Than Once.

To encourage the full participation of all members of the Council, no member or members shall be permitted to monopolize the discussion of the question. If a Councilmember has already spoken, other Councilmembers wishing to speak shall then be recognized. No Councilmember shall be allowed to speak a second time until after all other Councilmembers have had an opportunity to speak.

D. Relevancy of Discussion.

All discussion must be relevant to the issue before the City Council. A Councilmember is given the floor only for the purpose of discussing the pending question; discussion

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20 which departs is out of order. Councilmembers shall avoid repetition and strive to move the discussion along. Arguments, for or against a measure, should be stated as concisely as possible.

A motion, its nature, or consequences, may be debated vigorously. It is never permissible to attack the motives, character, or personality of a member either directly or by innuendo or implication. It is the duty of the Mayor to instantly rule out of order any Councilmember who engages in personal attacks. It is the motion, not its proposer, that is subject to debate.

It is the responsibility of each Councilmember to maintain an open mind on all issues during discussion and deliberation. It is not necessary for all City Councilmembers to speak or give their viewpoints if another Councilmember has already addressed their concerns.

E. Mayor’s Duties During Discussion.

The Mayor has the responsibility of controlling and expediting the discussion. A Councilmember who has been recognized to speak on a question has a right to the undivided attention of the Council.

It is the duty of the Mayor to keep the subject clearly before the members, to rule out irrelevant discussion, and to restate the question whenever necessary.

F. After the Vote.

Once a majority of the Council has approved a motion, no further discussion shall be made unless the item is brought for reconsideration as described previously.

11.10 Councilmember Respect. Councilmembers shall abide by the majority decision of the Council, even if in the minority. Councilmembers appointed to serve on regional boards and committees shall maintain the Council’s position on an item, even if the Councilmember disagrees with that position.

11.11 Council and Staff Reports and Directions on Future Agenda Items. Council and staff reports at the end of Council meetings shall be limited to announcing Council, Regional Board activities on which Councilmembers serve, City and City-sponsored activities.

Community groups may announce their activities during Public Comments at the beginning of Council meetings.

11.12 Conflict of Interest. If a Councilmember becomes aware of a potential conflict of interest that would require the Councilmember to not participate in a discussion or vote on an agenda item before the City Council, the Councilmember should discuss with the City Attorney prior to agenda item being heard by the City Council. The Councilmember is expected to follow the direction of the City Attorney. If the Councilmember decides to request an opinion from the California Fair Political Practices Commission (“FPPC”), the Councilmember shall disclose at the next scheduled Council Meeting that such a request has been made. If the Councilmember is still waiting for the FPPC opinion at the time the agenda item will be heard by the City Council, the Councilmember may abstain from participating until the FPPC opinion is received. Upon receiving the FPPC opinion, the

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21 Councilmember shall share the opinion with the City Council and public at the next scheduled Council meeting.

11.13 Teleconferencing. City Council members may participate in meetings via teleconference in accordance with State law and relevant Attorney General opinions. Members participating via teleconferencing must fulfill all requirements under State law. All meetings of the City Council must have a majority of members present in the physical meeting location within the City.

At the beginning of a meeting in which a member is participating via noticed teleconference, the Mayor, or the Vice Mayor if the Mayor is participating remotely, will ask the member(s) participating via teleconference to confirm the teleconference location was properly noticed according to State Law, the teleconference location is accessible to members of the public and whether anyone is present in the teleconference location besides the member. At a meeting in which a member is participating under AB 2449, the Mayor will ask the member to confirm whether a member of the public aged 18 or older is present in the room at the remote location with the member and the general nature of the relationship with any such individual.

SECTION 12. CLOSED SESSIONS

12.1 Purpose. It is the policy of the City Council to conduct its business in public to the greatest extent possible. However, state law recognizes that, in certain circumstances, public discussion could potentially jeopardize the public interest, compromise the City’s position, and could cost the taxpayers of Los Altos financially. Therefore, closed sessions shall be held from time to time as allowed by law. The procedures for the conduct of these meetings shall be the same as for public meetings, except that the public will be excluded for the closed session portion of the meeting.

Prior to convening the closed session portion of the meeting, the Mayor or City Clerk shall publicly announce the closed session items and ask for public input regarding any items on the closed session agenda.

City Councilmembers shall keep all written materials and verbal information provided to them in closed session in complete confidence to ensure that the City’s position is not compromised. No mention of information in these materials shall be made to anyone other than Councilmembers, the City Attorney or City Manager, except where authorized by a majority of the City Council.

12.2 Rule of Confidentiality. The City Council recognizes that breaches in confidentiality can severely prejudice the City’s position in litigation, labor relations and real estate negotiations. Further, breaches of confidentiality can create a climate of distrust among Councilmembers and can harm the Council’s ability to communicate openly in closed sessions, thereby impairing the Council’s ability to perform its official duties.

The City Council further recognizes that confidentiality of discussions and documents are at the core of a closed session. Confidentiality is essential if the closed session is to serve its purpose. Therefore, the City Council will adhere to a strict policy of confidentiality for closed sessions.

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22 12.3 Breach of Rule of Confidentiality. No person who attends a closed session may disclose any statements, discussions, or documents used in a closed session except where specifically authorized by State law. Any authorized disclosure shall be in strict compliance with these rules and State Law. Violation of this rule shall be considered a breach of this rule of confidentiality.

12.4 Agenda. The agenda for a closed session will contain that information required to be disclosed pursuant to State Law.

12.5 Permissible Topics. All closed sessions will be held in strict compliance with the State Law.

The City Attorney, or his/her/their designee, will advise in advance on topics that may be discussed in a closed session.

12.6 Rules of Decorum.

A. The same high standard of respect and decorum as apply to public meetings shall apply to closed sessions. There shall be courtesy, respect and tolerance for all viewpoints and for the right of Councilmembers to disagree. Councilmembers shall strive to make each other feel comfortable and safe to express their points of view. All Councilmembers have the right to insist upon strict adherence to this rule.

B. Prior to a vote, the Mayor shall ensure that the motion is clearly stated and clearly understood by all Councilmembers.

C. The Mayor shall keep the discussion moving forward so that debate and a vote can occur in the time allotted for the closed session. The Mayor will determine the order of debate in a fair manner.

12.7 Conduct of Meeting.

A. The Mayor will call the closed session to order promptly at its scheduled time.

B. The Mayor will keep discussion focused on the permissible topics.

C. The use of handouts and visual aids such as charts is encouraged to focus debate and promote understanding of the topic. All such materials are strictly confidential.

D. If the City Council in closed session has provided direction to City staff on proposed terms and conditions for any type of negotiations, whether it be related to property acquisitions or disposal, a proposed or pending claim or litigation, or employee negotiations, all contact with the other party will be through the designated City person(s) representing the City in the handling of the matter. A Councilmember, not so designated by the Council, will not under any circumstances have any contact or discussion with the other party or its representative concerning the matter, which was discussed in the closed session, and will not communicate any discussions conducted in closed session to such party.

12.8 Public Disclosure After Final Action.

A. State Law requires that, as a body, the City Council make certain public disclosure of closed session decisions when those actions have become final. Accordingly, the Mayor or the City Attorney shall publicly report any final action taken in closed session, and the vote, including abstentions, as directed by State Law.

B. The report may be oral or written. The report will state any reportable action taken by the Council and how each Councilmember voted, if applicable. All other closed session discussions will remain confidential. Unless authorized by the majority of the

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23 City Council and if permitted under applicable law, the report will not state the debate or discussion that occurred.

SECTION 13. DECORUM

13.1 Councilmembers. Members of the City Council value and recognize the importance of the trust invested in them by the public to accomplish the business of the City. Councilmembers shall accord the utmost courtesy to each other, City employees, and the public appearing before the City Council. When speaking, a Councilmember’s tone should remain neutral and non-verbal communication aspects should be considerate and polite. Formal business attire is required only when Council meetings, workshops, or study sessions are held in Community Meeting Chambers and/or televised.

13.2 City Employees. Members of the City staff shall observe the same rules of order and decorum applicable to the City Council. City staff shall act at all times in a business and professional manner towards Councilmembers and members of the public.

13.3 Public. Members of the public attending City Council meetings shall observe the same rules of order and decorum applicable to the City Council. City Code Chapter 2.05, Public Meeting Rules for Conduct, shall apply to all City Council Meetings.

13.4 Noise in the Chambers. Noise emanating from the audience, whether expressing opposition or support within the Community Meeting Chambers or lobby area, which disrupts City Council meetings, shall not be permitted. All cellular phones and other consumer electronic devices shall be muted while in the chambers. Refusal is grounds for removal.

SECTION 14. VIOLATIONS OF PROCEDURES
Unless otherwise approved by at least a majority of Councilmembers or prohibited by law or due to circumstances beyond the City’s control, for example, a declared state of emergency, all Councilmembers are required to comply with these Norms and Procedures.

Nothing in these Norms and Procedures shall invalidate a properly noticed and acted upon action of the City Council in accordance with State Law. Violations of these Norms and Procedures may be subject to review under the City Council Accountability Policy.

This document shall remain in effect until modified by the City Council.

AMENDED AND APPROVED: January 28, 2025.

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24 APPENDIX A
ROSENBERG’S RULES OF ORDER

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City Council Staff Report
Meeting Date: November 18, 2025
Prepared By: Jessie Kim
Approved By: Gabe Engeland
Subject: Acceptance of Treasurer's Report

COUNCIL PRIORITY AREA
General Government

RECOMMENDATION
Receive and file the City’s Treasurer’s Report for the quarter ending September 30, 2025

ENVIRONMENTAL IMPACT
None.

FISCAL IMPACT
None.

PREVIOUS COUNCIL CONSIDERATION
August 26, 2025

BACKGROUND

ANALYSIS

DISCUSSION
The Treasurer’s Report for the quarter ending September 30, 2025 is attached for review. The report provides quarter-end balances for all City treasury accounts and the check registers for the period July 1 through September 30, 2025, documenting disbursements made during the quarter.

As of September 30, the City maintained funds in the following treasury and investment accounts:

1. US Bank General Checking: This account is used to meet the City’s daily operational cash needs, including the deposit of City revenues and disbursement of funds for payroll, vendor payments, and other obligations. It provides immediate liquidity for all day-to-day transactions.

2. Local Agency Investment Fund (LAIF): Managed by the California State Treasurer, LAIF serves as the City’s primary liquidity reserve beyond the general checking account.

It is a fully liquid investment pool used to fund short-term operating expenses when checking balances are insufficient.

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3. California Cooperative Liquid Assets Securities System (CalCLASS): In Q1 FY25-26, the City began using CalCLASS, a Joint Powers Authority investment pool created specifically for California public agencies. It offers daily liquidity, invests in high-quality short-term instruments. While similar to LAIF, CalCLASS provides portfolio diversification and competitive yields, helping the City balance safety, liquidity, and return. The City now uses both CalCLASS and LAIF to reduce risk and improve flexibility in managing short-term cash.

4. Public Trust Advisors (PTA): PTA is a professional investment advisory firm that manages the City’s longer-term investment portfolio. Investments with maturities of 1 to 12 months are held in a custody account at US Bank and managed by PTA using a ladder strategy to support cash flow needs. Funds not expected to be needed for 12 months or more are invested by PTA in a strategic portfolio.

The balances for each of the City’s Treasury accounts as of September 30, 2025 are as follows:

In addition, the City’s check register for the quarter has been organized by month for clarity. The disbursement totals for each month are as follows.
• July 2025: $2,323,624
• August 2025: $6,351,450
• September 2025: $3,276,403
Total disbursements for the quarter amounted to $11,951,477.

ATTACHMENTS

1. Attachment I. Check Register July 2025 – September 2025

ATTACHMENTS

1. Attachment 1 - Check Register

Page 54 of 533 ends

Page 55 of 533 ends

Check Register
July 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200000 07/03/2025 10092 AACIS INVESTMENTS INC 125.49
200001 07/03/2025 10258 BEAUCHAINE CONSULTING GROUP LLC 10,497.50 200002 07/03/2025 10267 BERLINER COHEN LLP 33,877.29
200003 07/03/2025 10573 COMCAST 107.29
200004 07/03/2025 11179 INTERSTATE TRAFFIC CONTROL PRODUCTS INC. 1,216.95 200005 07/03/2025 11394 KMVT COMMUNITY TELEVISION 16,109.89 200006 07/03/2025 11463 LATC MEDIA INC 1,016.00
200007 07/03/2025 11846 National Construction Rentals Inc. 3,440.64 200008 07/03/2025 11921 OAK ALARM COMPANY 7,726.00
200009 07/10/2025 10092 AACIS INVESTMENTS INC 143.42
200010 07/10/2025 10103 AMAZON CAPITAL SERVICES INC 781.71 200011 07/10/2025 10258 BEAUCHAINE CONSULTING GROUP LLC 877.50 200012 07/10/2025 10274 BETTE FOLEY 66.24
200013 07/10/2025 10366 California Academy for Economic Development 0.00 200014 07/10/2025 10381 CALIFORNIA WATER SERVICE 2,840.73 200015 07/10/2025 10515 Christopher K. Boucher 14,756.50 200016 07/10/2025 10582 CONCENTRA MEDICAL CENTERS 654.00 200017 07/10/2025 10899 FRANCOTYP-POSTALIA INC 159.00
200018 07/10/2025 11277 JOINT VENTURE SILICON VALLEY NETWORK 7,500.00 200019 07/10/2025 11291 Joshua Alan Schiller / Sinister Dexter 1,000.00 200020 07/10/2025 11394 KMVT COMMUNITY TELEVISION 2,040.35 200021 07/10/2025 11445 LAFCO 3,817.47
200022 07/10/2025 11463 LATC MEDIA INC 1,600.00
200023 07/10/2025 11474 LC ACTION POLICE SUPPLY 4,033.06 200024 07/10/2025 11571 LOOKINGPOINT INC. 10,509.50
200025 07/10/2025 11587 LOS ALTOS PEACE OFFICERS ASSOCIATION 5,272.81 200026 07/10/2025 11642 MALCOLM TAAM 3,117.50
200027 07/10/2025 11747 Michael Lang 250.00
200028 07/10/2025 11852 NAVIA BENEFIT SOLUTIONS 2,024.10 200029 07/10/2025 12050 PINA SHAH 496.46
200030 07/10/2025 12104 Public Risk Innovation Solutions and Management 7,689.38 200031 07/10/2025 12187 RICHARD T CAMPBELL 518.40
200032 07/10/2025 12252 SAN FRANCISCO DAILY LLC 225.00
200033 07/10/2025 12269 SANITARY TRUCK DRIVERS & HELPERS 976.00 200034 07/10/2025 12449 SPOKE HS INC 175.00
200035 07/10/2025 12694 TYLER TECHNOLOGIES INC 4,680.00 200036 07/10/2025 12705 ULINE 12,891.64
200037 07/10/2025 12725 VALLEY OIL COMPANY 7,837.07
200038 07/10/2025 12834 WHITLOCK & WEINBERGER TRANSPORTAION INC 4,892.50 200039 07/17/2025 10057 AIMEE MAJOR 600.00
200040 07/17/2025 10077 ALL CITY MANAGEMENT SERVICES INC 25,635.73 200041 07/17/2025 10103 AMAZON CAPITAL SERVICES INC 1,409.45 200042 07/17/2025 10246 BAY AREA PL SERVICES 450.00
200043 07/17/2025 10258 BEAUCHAINE CONSULTING GROUP LLC 7,840.00 200044 07/17/2025 10386 CAL-LINE EQUIPMENT INC 844.06

Page 56 of 533 ends

Check Register
July 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200045 07/17/2025 10381 CALIFORNIA WATER SERVICE 2,424.24 200046 07/17/2025 10483 CHEVRON AND TEXACO BUSINESS CARD SERVICES 108.44 200047 07/17/2025 10491 CHIEN-SHENG TSENG 1,319.45
200048 07/17/2025 10574 COMCAST BUSINESS 926.78
200049 07/17/2025 10604 COUNTY OF SANTA CLARA - DEPT OF ENVIRO HEALTH 1,157.00 200050 07/17/2025 10607 COUNTY OF SANTA CLARA-OFFICE of the SHERIFF 500.00 200051 07/17/2025 10636 D&M TRAFFIC SERVICES INC 33,381.34 200052 07/17/2025 10677 DEL CONTE'S LANDSCAPING INC. 24,029.00 200053 07/17/2025 10722 DLT SOLUTIONS LLC 7,465.49
200054 07/17/2025 10757 DYNO KAM 400.00
200055 07/17/2025 10775 EEC ENVIRONMENTAL 15,480.00
200056 07/17/2025 10788 Elizabeth Checke 400.00
200057 07/17/2025 10789 ELIZABETH KWAN 122.07
200058 07/17/2025 10943 GB Auto Service Inc/ Bruce's Tire & Auto 2,584.81 200059 07/17/2025 11179 INTERSTATE TRAFFIC CONTROL PRODUCTS INC. 8,628.59 200060 07/17/2025 11245 JENNIFER TANNOUS 1,375.00
200061 07/17/2025 11582 LOS ALTOS HARDWARE INC 866.16
200062 07/17/2025 11675 MARK ENTERPRISES TECHNOLOGIES LLC 2,000.00 200063 07/17/2025 11835 NAPA AUTO PARTS 5,500.27
200064 07/17/2025 11913 HONEY BUCKET 848.75
200065 07/17/2025 11923 ODP BUSINESS SOLUTIONS LLC 24.43 200066 07/17/2025 11937 OPENPATH SECURITY INC. 178.85
200067 07/17/2025 11956 PACIFIC GAS AND ELECTRIC CO 6,352.46 200068 07/17/2025 11959 PACIFIC OFFICE AUTOMATION INC. 842.65 200069 07/17/2025 12021 PENINSULA UNIFORMS AND ARTISAN EMBROIDERY 8,505.38 200070 07/17/2025 12030 PETER RIECHERS - RIECHERS ENGINEERING 1,065.00 200071 07/17/2025 12036 PETTY CASH CUSTODIAN 000PET28 191.90 200072 07/17/2025 12941 PIVOT INTERIORS 198,586.86
200073 07/17/2025 12089 PREFERRED ALLIANCE INC 232.48
200074 07/17/2025 12092 PRESTIGE PRINTING AND GRAPHICS 122.51 200075 07/17/2025 12096 PRIMO BRANDS 304.75
200076 07/17/2025 12144 MICHAEL RAMON 208.75
200077 07/17/2025 12194 RINGCENTRAL INC. 4,278.43
200078 07/17/2025 12353 SHAW HR CONSULTING 410.00
200079 07/17/2025 12414 SLAKEY BROTHERS INC. 101.07
200080 07/17/2025 12428 SODEXO INC. 53.62
200081 07/17/2025 12439 SOUTH BAY REGIONAL PUBLIC SAFETY 12.67 200082 07/17/2025 12475 STAPLES ADVANTAGE 115.45
200083 07/17/2025 12495 STERICYCLE INC 114.87
200084 07/17/2025 12502 STEVEN SPILLMAN 300.00
200085 07/17/2025 12555 SWVIN I ARGUETA NOVA 725.00
200086 07/17/2025 12646 TOP DOG POLICE K9 TRAINING AND CONSULTING LLC 275.00 200087 07/17/2025 12666 TRI-CITY LOCK COMPANY 9,983.78
200088 07/17/2025 12672 TRISTAR RISK MANAGEMENT 29,531.30 200089 07/17/2025 12694 TYLER TECHNOLOGIES INC 14,112.86

Page 57 of 533 ends

Check Register
July 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200090 07/17/2025 12828 WESTLAKE HARDWARE INC 253.08
200091 07/17/2025 12933 ZORO TOOLS INC 900.96
200092 07/24/2025 10074 ALINA SHKRAB 117.75
200093 07/24/2025 10102 Amazon Capital Services Inc 1,498.15 200094 07/24/2025 10103 AMAZON CAPITAL SERVICES INC 1,691.32 200095 07/24/2025 12943 AMERICAN PRINTING, LLC 856.63
200096 07/24/2025 10125 ANDERSON BRULE ARCHITECTS 17,357.42 200097 07/24/2025 10144 ANN OLIVER 227.61
200098 07/24/2025 10153 APWA - AMERICAN PUBLIC WORKS ASSOCIATION 1,228.00 200099 07/24/2025 10188 AT&T 3,441.31
200100 07/24/2025 10212 BADAWI & ASSOCIATES 2,500.00
200101 07/24/2025 12955 BASE COMMUNICATION 2,325.00
200102 07/24/2025 10250 BAY CITIES JOINT POWERS INSURANCE AUTHORITY 3,807.55 200103 07/24/2025 10384 CALLANDER ASSOCIATES LANDSCAPE ARCHITECTURE INC. 8,633.33 200104 07/24/2025 10396 Can V. Huynh 1,150.00
200105 07/24/2025 10483 CHEVRON AND TEXACO BUSINESS CARD SERVICES 895.55 200106 07/24/2025 10530 CITIBANK N.A. 196.32
200107 07/24/2025 10539 CITY OF PALO ALTO 689.48
200108 07/24/2025 10573 COMCAST 1,005.89
200109 07/24/2025 10573 COMCAST 220.04
200110 07/24/2025 10573 COMCAST 117.22
200111 07/24/2025 10573 COMCAST 133.23
200112 07/24/2025 10573 COMCAST 133.23
200113 07/24/2025 10582 CONCENTRA MEDICAL CENTERS 296.00 200114 07/24/2025 99998 DANIEL CHAVEZ 157.50
200115 07/24/2025 10647 DANIEL SWAN 8,000.00
200116 07/24/2025 10787 ELEMENT C 2,600.00
200117 07/24/2025 99999 Kathryn Krauss 81.83
200118 07/24/2025 99999 Kayla Hopkins 910.61
200119 07/24/2025 10815 ERIC ROSENTHAL 65.05
200120 07/24/2025 10827 EVERBRIDGE INC 8,106.10
200121 07/24/2025 10834 F & S AUTO BODY INC. 3,393.66
200122 07/24/2025 10918 FV ARCHITECTURE LLC 20,600.00
200123 07/24/2025 10943 GB Auto Service Inc/ Bruce's Tire & Auto 5,293.99 200124 07/24/2025 10999 GRAINGER 336.79
200125 07/24/2025 11006 GRANITE ROCK CO 691.05
200126 07/24/2025 11040 HALO Recognition 8,672.87
200127 07/24/2025 11041 STRUCTECH ENGINEERING 8,676.71
200128 07/24/2025 11049 Hanson Bridgett LLP 6,254.00
200129 07/24/2025 11105 HINDERLITER DE LLAMAS & ASSOC 14,651.30 200130 07/24/2025 11195 IT MANAGEMENT CORP 7.21
200131 07/24/2025 11276 JOHNSTONE SUPPLY 1,462.28
200132 07/24/2025 11332 Kathleen M McCarty 862.40
200133 07/24/2025 11358 KENNETH HOWELL PETERSON 1,372.80 200134 07/24/2025 11420 Krishnan Alampallam Ramaiyer 77.97

Page 58 of 533 ends

Check Register
July 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200135 07/24/2025 11454 LANGUAGE LINE SERVICES 89.30
200136 07/24/2025 11582 LOS ALTOS HARDWARE INC 43.64
200137 07/24/2025 11688 MAS MODERN MARKETING INC 1,218.34 200138 07/24/2025 12939 MC CITADEL LLC 53,192.45
200139 07/24/2025 11956 PACIFIC GAS AND ELECTRIC CO 23,994.30 200140 07/24/2025 12102 PSCMA 440.00
200141 07/24/2025 12155 RAYMOND C. ROAN 600.00
200142 07/24/2025 12273 SANTA CLARA COUNTY 407.50
200143 07/24/2025 12320 SCOTT GERDES 676.31
200144 07/24/2025 12321 PERMITIUM 285.00
200145 07/24/2025 12379 SHRI GOPAL GARG 181.01
200146 07/24/2025 12484 Statewide Traffic Safety and Signs Inc. 945.91 200147 07/24/2025 12527 SUMMIT AUTO BODY & PAINTING 16,144.76 200148 07/24/2025 12528 SUMMIT UNIFORMS LLC 328.13
200149 07/24/2025 12661 TRB AND ASSOCIATES INC 185,183.41 200150 07/24/2025 12712 UNITED STATES POSTAL SERVICE 8,500.00 200151 07/24/2025 12739 Veena Jain 291.58
200152 07/24/2025 12761 VICTORY TACTICAL GEAR LLC 8,451.83 200153 07/24/2025 12821 WEST COAST ARBORISTS INC 4,950.00 200154 07/24/2025 12933 ZORO TOOLS INC 41.45
200155 07/31/2025 10183 ASSOCIATION OF BAY AREA GOVERMENTS 4,200.60 200156 07/31/2025 10103 AMAZON CAPITAL SERVICES INC 1,457.03 200157 07/31/2025 10113 AMMIRATO CONSTRUCTION 215.21
200158 07/31/2025 12949 AMY ERIKSSON 450.00
200159 07/31/2025 10188 AT&T 7,966.11
200160 07/31/2025 10252 BAY2BAY OFFICE SOLUTIONS INC 1,087.98 200161 07/31/2025 10257 Bear Electrical Solutions Inc. 680.00 200162 07/31/2025 10260 BELKORP AG LLC 476.90
200163 07/31/2025 10261 BELLECCI & ASSOCIATES 45,341.90 200164 07/31/2025 10267 BERLINER COHEN LLP 23,876.55
200165 07/31/2025 12956 CALED 800.00
200166 07/31/2025 10373 CALIFORNIA DEPT OF TAX AND FEE ADMIN 26.00 200167 07/31/2025 10388 CALTRANS 2,024.24
200168 07/31/2025 10438 CENTURY GRAPHICS 4,441.82
200169 07/31/2025 10530 CITIBANK N.A. 2,632.92
200170 07/31/2025 10534 CITY OF CUPERTINO 358.86
200171 07/31/2025 10582 CONCENTRA MEDICAL CENTERS 200.00 200172 07/31/2025 10585 CONSERVATION EARTH 2,550.00
200173 07/31/2025 10613 CPS HR CONSULTING 2,895.70
200174 07/31/2025 10647 DANIEL SWAN 5,000.00
200175 07/31/2025 10789 ELIZABETH KWAN 150.06
200176 07/31/2025 10813 EPS INC 5,100.00
200177 07/31/2025 10849 ARIA ELECTRIC CONSTRUCTION 118,445.50 200178 07/31/2025 10878 FOLGER GRAPHICS INC 180.06
200179 07/31/2025 10999 GRAINGER 1,414.69

Page 59 of 533 ends

Check Register
July 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200180 07/31/2025 11009 GREATAMERICA FINANCIAL SERVICES CORP. 115.67 200181 07/31/2025 11049 Hanson Bridgett LLP 63,335.94
200182 07/31/2025 11070 HD SUPPLY FACILITIES MAINTENANCE LTD 986.51 200183 07/31/2025 11169 INTERACTIVE DATA LLC 283.80
200184 07/31/2025 11235 Jayashri Sharma 73.77
200185 07/31/2025 11276 JOHNSTONE SUPPLY 9,899.98
200186 07/31/2025 11303 Jun Zhang 725.00
200187 07/31/2025 11463 LATC MEDIA INC 900.00
200188 07/31/2025 11509 LEXISNEXIS RISK DATA MGT LLC 314.90 200189 07/31/2025 11509 LEXISNEXIS RISK DATA MGT LLC 1,920.00 200190 07/31/2025 11516 LIEBERT CASSIDY WHITMORE 10,605.00 200191 07/31/2025 11559 LOBBYCENTRAL 4,104.00
200192 07/31/2025 11580 LOS ALTOS CHAMBER OF COMMERCE 1,700.00 200193 07/31/2025 11584 LOS ALTOS HISTORY MUSEUM 18,750.00 200194 07/31/2025 12939 MC CITADEL LLC 48,699.79
200195 07/31/2025 11737 METRO MOBILE COMMUNICATIONS 382.50 200196 07/31/2025 11744 MICHAEL BAKER INTERNATIONAL 8,323.72 200197 07/31/2025 11747 Michael Lang 3,000.00
200198 07/31/2025 11769 MISSION TRAIL WASTE SYSTEMS 41,131.93 200199 07/31/2025 11800 MOTOROLA SOLUTIONS INC. 1,500.00 200200 07/31/2025 11838 NARINDER KASTURIA 58.77
200201 07/31/2025 11852 NAVIA BENEFIT SOLUTIONS 2,045.00 200202 07/31/2025 11903 NOLL & TAM ARCHITECTS 700.00
200203 07/31/2025 11941 O'REILLY AUTO ENTERPRISES LLC 917.45 200204 07/31/2025 11923 ODP BUSINESS SOLUTIONS LLC 515.61 200205 07/31/2025 11956 PACIFIC GAS AND ELECTRIC CO 262.11 200206 07/31/2025 11956 PACIFIC GAS AND ELECTRIC CO 12.48 200207 07/31/2025 11964 Page & Turnbull Inc. 1,300.00
200208 07/31/2025 12027 PERRY THORWALDSON 14,000.00
200209 07/31/2025 12959 PICKLEBALL CENTRAL 9,159.96
200210 07/31/2025 12080 POWERDMS INC 17,426.23
200211 07/31/2025 12105 PUBLIC TRUST ADVISORS LLC 2,870.16 200212 07/31/2025 12149 RANCHO 76 INC 799.57
200213 07/31/2025 12155 RAYMOND C. ROAN 1,000.00
200214 07/31/2025 12219 ROSS RECREATION EQUIPMENT INC. 236.34 200215 07/31/2025 12274 SANTA CLARA COUNTY CENTRAL FIRE PROTECTION 763,926.00 200216 07/31/2025 12407 SITEIMPROVE INC 2,940.69
200217 07/31/2025 12428 SODEXO INC. 53.62
200218 07/31/2025 12439 SOUTH BAY REGIONAL PUBLIC SAFETY 103.30 200219 07/31/2025 12449 SPOKE HS INC 175.00
200220 07/31/2025 12484 Statewide Traffic Safety and Signs Inc. 127.76 200221 07/31/2025 12495 STERICYCLE INC 269.14
200222 07/31/2025 12535 SUNNYVALE FORD INC 327.71
200223 07/31/2025 12545 Susmita Mukherjee 447.94
200224 07/31/2025 12634 T-Mobile USA Inc. 1,575.30

Page 60 of 533 ends

Check Register
July 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200225 07/31/2025 12590 Tesla Energy Operations Inc 1,167.41 200226 07/31/2025 12590 Tesla Energy Operations Inc 166.96 200227 07/31/2025 12657 TRANS BAY ELEVATOR CORPORATION 120.00 200228 07/31/2025 12661 TRB AND ASSOCIATES INC 780.00
200229 07/31/2025 12671 TRI-SIGNAL INTEGRATION INC 746.75 200230 07/31/2025 12689 TURF STAR INC 3,351.20
200231 07/31/2025 12705 ULINE 366.90
200232 07/31/2025 12762 VIJAY KUMAR DHIR 114.75
200233 07/31/2025 12840 WILLIAM LAI 52.00
Total: 2,323,623.95

Page 61 of 533 ends

Check Register
August 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200234 08/07/2025 10183 ASSOCIATION OF BAY AREA GOVERMENTS 10,602.00 200235 08/07/2025 10102 Amazon Capital Services Inc 82.87 200236 08/07/2025 10103 AMAZON CAPITAL SERVICES INC 611.04 200237 08/07/2025 10163 ARGO CONSTRUCTION INC. 131,905.92 200238 08/07/2025 10188 AT&T 2,323.38
200239 08/07/2025 10190 AT&T MOBILITY 2,639.03
200240 08/07/2025 10242 BAY AREA AIR QUALITY MANAGEMENT DISTRICT 288.00 200241 08/07/2025 10250 BAY CITIES JOINT POWERS INSURANCE AUTHORITY 25,694.46 200242 08/07/2025 10371 CALIFORNIA BUILDING STANDARDS COMMISSION 2,149.20 200243 08/07/2025 10381 CALIFORNIA WATER SERVICE 1,803.34 200244 08/07/2025 10545 CIVICPLUS LLC 14,700.00
200245 08/07/2025 10550 CLEANSWEEP SERVICES INC. 16,905.24 200246 08/07/2025 10573 COMCAST 107.43
200247 08/07/2025 10573 COMCAST 267.13
200248 08/07/2025 10607 COUNTY OF SANTA CLARA-OFFICE of the SHERIFF 5,953.49 200249 08/07/2025 99998 FUSE SERVICE INC 668.59
200250 08/07/2025 99998 MIKE COUNSIL PLUMBING LLC 241.60 200251 08/07/2025 10692 DEPARTMENT OF CONSERVATION 6,601.54 200252 08/07/2025 10701 Dex Background Investigations 3,942.40 200253 08/07/2025 10753 DUNN-EDWARDS CORPORATION 59.32
200254 08/07/2025 99999 Bryan Van Horn 946.18
200255 08/07/2025 11041 STRUCTECH ENGINEERING 0.00
200256 08/07/2025 11062 HARUN MUSAEFENDIC 430.00
200257 08/07/2025 11071 HdL COREN & CONE 2,491.06
200258 08/07/2025 11143 HYCU Inc. 21,312.00
200259 08/07/2025 11320 JENNIFER KAPNEK 1,500.00
200260 08/07/2025 11274 JOHNSON ROBERTS & ASSOCIATES INC 273.00 200261 08/07/2025 11516 LIEBERT CASSIDY WHITMORE 528.00 200262 08/07/2025 11846 National Construction Rentals Inc. 1,042.44 200263 08/07/2025 11937 OPENPATH SECURITY INC. 1,200.00 200264 08/07/2025 11956 PACIFIC GAS AND ELECTRIC CO 116.85 200265 08/07/2025 11956 PACIFIC GAS AND ELECTRIC CO 2,772.99 200266 08/07/2025 11956 PACIFIC GAS AND ELECTRIC CO 4.26 200267 08/07/2025 11956 PACIFIC GAS AND ELECTRIC CO 6,356.30 200268 08/07/2025 11956 PACIFIC GAS AND ELECTRIC CO 109.08 200269 08/07/2025 11956 PACIFIC GAS AND ELECTRIC CO 155.25 200270 08/07/2025 11956 PACIFIC GAS AND ELECTRIC CO 90.13 200271 08/07/2025 11959 PACIFIC OFFICE AUTOMATION INC. 710.19 200272 08/07/2025 11999 PAY PLUS SOLUTIONS 1,304.00
200273 08/07/2025 12159 REBARTS INTERIORS LLC 884.07
200274 08/07/2025 99997 Chin-Chaun Chang 551.00
200275 08/07/2025 99997 Doug Uno 547.00
200276 08/07/2025 99997 Financial GPS Group 551.00
200277 08/07/2025 99997 Maria Guzman 338.00
200278 08/07/2025 99997 Maria Guzman 338.00

Page 62 of 533 ends

Check Register
August 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200279 08/07/2025 99997 Marjan Yahyanejad Aslaghmeyuni 259.00 200280 08/07/2025 99997 Marjan Yahyanejad Aslaghmeyuni 1,094.00 200281 08/07/2025 99997 Mayra Montousse 280.00
200282 08/07/2025 99997 Mayra Montousse 280.00
200283 08/07/2025 99997 Shanelle Peterson 369.00
200284 08/07/2025 99997 Shyamal Patankar 551.00
200285 08/07/2025 99997 Sophie Lin 0.00
200286 08/07/2025 99997 Sophie Lin 0.00
200287 08/07/2025 99997 Sophie Lin 0.00
200288 08/07/2025 12194 RINGCENTRAL INC. 4,349.16
200289 08/07/2025 12209 ROGER EDSTROM 551.00
200290 08/07/2025 12323 SDI PRESENCE LLC 15,761.33
200291 08/07/2025 12495 STERICYCLE INC 114.88
200292 08/07/2025 12557 SYN-TECH SYSTEMS INC. 550.00
200293 08/07/2025 12571 TANIA KATBI 30.00
200294 08/07/2025 12957 TNVC Inc 7,128.21
200295 08/07/2025 12697 U.S. BANK 2,729.00
200296 08/07/2025 12950 VERITONE, INC. 3,200.00
200297 08/07/2025 12803 WARRIORS BASKETBALL ACADEMY 551.00 200298 08/07/2025 12806 WATRY DESIGN INC. 58,374.75
200299 08/07/2025 12828 WESTLAKE HARDWARE INC 118.65
200300 08/14/2025 10005 3SI SECURITY SYSTEMS INC 960.00 200301 08/14/2025 10020 ABC STEEL FENCE LLC 2,100.00
200302 08/14/2025 10068 ALERT PLUMBING INC 11,100.00
200303 08/14/2025 10103 AMAZON CAPITAL SERVICES INC 40.20 200304 08/14/2025 10188 AT&T 9,083.38
200305 08/14/2025 10250 BAY CITIES JOINT POWERS INSURANCE AUTHORITY 1,793,703.00 200306 08/14/2025 10261 BELLECCI & ASSOCIATES 705.00
200307 08/14/2025 10381 CALIFORNIA WATER SERVICE 5,263.79 200308 08/14/2025 10381 CALIFORNIA WATER SERVICE 98,699.79 200309 08/14/2025 10410 Careers In Government Inc. 1,500.00 200310 08/14/2025 10437 CENTRALSQUARE TECHNOLOGIES LLC 41,422.36 200311 08/14/2025 10540 CITY OF PALO ALTO - REV COLLECTIONS 270,126.58 200312 08/14/2025 10545 CIVICPLUS LLC 13,026.51
200313 08/14/2025 10582 CONCENTRA MEDICAL CENTERS 487.00 200314 08/14/2025 10617 CREATIVE WINDOW INTERIORS INC 2,850.00 200315 08/14/2025 99998 SELI KISOS 385.70
200316 08/14/2025 99998 VINCENT AU 378.04
200317 08/14/2025 10749 DUANE WENDEROTH 415.09
200318 08/14/2025 10753 DUNN-EDWARDS CORPORATION 419.64 200319 08/14/2025 10791 ELLISON'S TOWING INC 148.50
200320 08/14/2025 99999 BRIAN WERNER 1,129.95
200321 08/14/2025 99999 JESSICA VERNON 318.95
200322 08/14/2025 99999 Justin Lemus 30.00
200323 08/14/2025 99999 Kevin Vitorelo 223.98

Page 63 of 533 ends

Check Register
August 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200324 08/14/2025 99999 LEVI LNENICKA 74.00
200325 08/14/2025 12937 EPIC PRODUCTIONS OF PHOENIX 300,000.00 200326 08/14/2025 10855 FEDEX 49.90
200327 08/14/2025 10861 FERGUSON US HOLDING INC 235.96
200328 08/14/2025 10878 FOLGER GRAPHICS INC 7,343.90
200329 08/14/2025 11040 HALO Recognition 2,765.24
200330 08/14/2025 11049 Hanson Bridgett LLP 22,909.98
200331 08/14/2025 11070 HD SUPPLY FACILITITES MAINTENANCE LTD 174.03 200332 08/14/2025 11085 HEONG R. KIM or KI KIM 60.93
200333 08/14/2025 11169 INTERACTIVE DATA LLC 11.70
200334 08/14/2025 11195 IT MANAGEMENT CORP 7.21
200335 08/14/2025 11293 JOYCE TSUNODA 64.32
200336 08/14/2025 11331 KATHLEEN BLANCHARD 680.09
200337 08/14/2025 11394 KMVT COMMUNITY TELEVISION 16,319.32 200338 08/14/2025 11396 KNOWBE4 INC 548.70
200339 08/14/2025 11455 Language Testing International 165.00 200340 08/14/2025 11463 LATC MEDIA INC 3,052.75
200341 08/14/2025 11534 LINDE GAS & EQUIPMENT INC. 99.91 200342 08/14/2025 11586 LOS ALTOS MOUNTAIN VIEW COMMUNITY FOUNDATION 300,000.00 200343 08/14/2025 11589 LOS ALTOS SCHOOL DISTRICT 18,713.51 200344 08/14/2025 11629 MADHU TANEJA 267.99
200345 08/14/2025 11642 MALCOLM TAAM 468.75
200346 08/14/2025 11747 Michael Lang 900.00
200347 08/14/2025 11766 Ming Ju Wu 322.25
200348 08/14/2025 11767 MISAC NO. CA REGIONAL DIV 610.00 200349 08/14/2025 11913 HONEY BUCKET 848.75
200350 08/14/2025 11941 O'REILLY AUTO ENTERPRISES LLC 269.40 200351 08/14/2025 11956 PACIFIC GAS AND ELECTRIC CO 167.59 200352 08/14/2025 12089 PREFERRED ALLIANCE INC 232.48
200353 08/14/2025 12092 PRESTIGE PRINTING AND GRAPHICS 7,042.77 200354 08/14/2025 12096 PRIMO BRANDS 214.82
200355 08/14/2025 12104 Public Risk Innovation Solutions and Management 7,593.31 200356 08/14/2025 99997 Silvia Fang 77.25
200357 08/14/2025 12166 REDWOOD TRADING POST 900.80
200358 08/14/2025 12215 SAE CONSULTING ENGINEERING 21,397.25 200359 08/14/2025 12238 Safety-Kleen Systems Inc. 129.50 200360 08/14/2025 12252 SAN FRANCISCO DAILY LLC 142.50
200361 08/14/2025 12253 SAN FRANCISCO PUC 1,237.10
200362 08/14/2025 12256 SAN JOSE WATER COMPANY 464.87
200363 08/14/2025 12273 SANTA CLARA COUNTY 4,823.50
200364 08/14/2025 12321 PERMITIUM 50.00
200365 08/14/2025 12491 STEPHANIE CHAUDRU de RAYNAL 4,000.00 200366 08/14/2025 12495 STERICYCLE INC 521.54
200367 08/14/2025 12528 SUMMIT UNIFORMS LLC 1,739.06
200368 08/14/2025 12601 The Lew Edwards Group 13,500.00

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Check Register
August 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200369 08/14/2025 12646 TOP DOG POLICE K9 TRAINING AND CONSULTING LLC 275.00 200370 08/14/2025 12657 TRANS BAY ELEVATOR CORPORATION 120.00 200371 08/14/2025 12661 TRB AND ASSOCIATES INC 140,379.26 200372 08/14/2025 12672 TRISTAR RISK MANAGEMENT 48,795.04 200373 08/14/2025 12694 TYLER TECHNOLOGIES INC 6,520.00 200374 08/14/2025 12944 TZE ON CHOW 3,400.00
200375 08/14/2025 12698 U.S. BANK 74,997.81
200376 08/14/2025 12707 UNDERGROUND SERVICE ALERT 15,605.76 200377 08/14/2025 12809 WECO INDUSTRIES LLC 3,965.93
200378 08/21/2025 10007 4IMPRINT INC 953.70
200379 08/21/2025 10183 ASSOCIATION OF BAY AREA GOVERMENTS 4,200.60 200380 08/21/2025 10069 ALEXIS IWASAKI 756.00
200381 08/21/2025 10092 AACIS INVESTMENTS INC 71.85
200382 08/21/2025 10103 AMAZON CAPITAL SERVICES INC 1,372.90 200383 08/21/2025 10125 ANDERSON BRULE ARCHITECTS 12,950.28 200384 08/21/2025 10131 ANDREW MARSHALL MEROVICH 2,052.60 200385 08/21/2025 10190 AT&T MOBILITY 720.79
200386 08/21/2025 10190 AT&T MOBILITY 720.79
200387 08/21/2025 10190 AT&T MOBILITY 2,639.03
200388 08/21/2025 10274 BETTE FOLEY 126.55
200389 08/21/2025 10480 CHESS WIZARDS INC 2,872.80
200390 08/21/2025 10540 CITY OF PALO ALTO - REV COLLECTIONS 936,443.21 200391 08/21/2025 10545 CIVICPLUS LLC 26,443.20
200392 08/21/2025 10573 COMCAST 220.04
200393 08/21/2025 10574 COMCAST BUSINESS 926.78
200394 08/21/2025 10582 CONCENTRA MEDICAL CENTERS 463.00 200395 08/21/2025 10632 CUPERTINO SUPPLY INC. 67.46
200396 08/21/2025 99998 NEIL R HAMILTON 910.61
200397 08/21/2025 12946 DONG VINH RESTAURANT EQUIPMENT SUPPLIES INC. 15,989.65 200398 08/21/2025 99999 Glen Kuo 17.00
200399 08/21/2025 99999 Tracie Banuelos (Employee) 46.00 200400 08/21/2025 10875 Flock Group Inc. 42,000.00
200401 08/21/2025 10878 FOLGER GRAPHICS INC 14,060.76
200402 08/21/2025 10957 GIANT CONSTRUCTION INC. 425,478.59 200403 08/21/2025 10962 GIULIANI & KULL INC 255.00
200404 08/21/2025 10962 GIULIANI & KULL INC 170.00
200405 08/21/2025 10962 GIULIANI & KULL INC 510.00
200406 08/21/2025 10962 GIULIANI & KULL INC 680.00
200407 08/21/2025 10962 GIULIANI & KULL INC 255.00
200408 08/21/2025 10962 GIULIANI & KULL INC 255.00
200409 08/21/2025 10962 GIULIANI & KULL INC 340.00
200410 08/21/2025 10962 GIULIANI & KULL INC 170.00
200411 08/21/2025 10962 GIULIANI & KULL INC 340.00
200412 08/21/2025 10989 GOVCONNECTION INC. 8,422.50
200413 08/21/2025 11010 GREEN HALO SYSTEMS INC 3,348.00

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Check Register
August 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200414 08/21/2025 11041 STRUCTECH ENGINEERING 0.00
200415 08/21/2025 11072 HEATHER CRESSALL 663.19
200416 08/21/2025 11165 INSIGHT PUBLIC SECTOR INC 11,452.10 200417 08/21/2025 11360 KENNETH NJUGUNA MBURU 4,680.00
200418 08/21/2025 11394 KMVT COMMUNITY TELEVISION 2,066.88 200419 08/21/2025 11509 LEXISNEXIS RISK DATA MGT LLC 960.00 200420 08/21/2025 11516 LIEBERT CASSIDY WHITMORE 760.00 200421 08/21/2025 11586 LOS ALTOS MOUNTAIN VIEW COMMUNITY FOUNDATION 917.70 200422 08/21/2025 11617 LYN ROGERS 214.20
200423 08/21/2025 11687 MARYAM MOSHIRY 1,230.00
200424 08/21/2025 11767 MISAC NO. CA REGIONAL DIV 350.00 200425 08/21/2025 99996 HOME DEPOT 6,579.55
200426 08/21/2025 11866 NEW BEGINNINGS PRINTING LLC 369.98 200427 08/21/2025 11937 OPENPATH SECURITY INC. 264.36
200428 08/21/2025 11956 PACIFIC GAS AND ELECTRIC CO 9,048.30 200429 08/21/2025 11956 PACIFIC GAS AND ELECTRIC CO 2,203.45 200430 08/21/2025 11956 PACIFIC GAS AND ELECTRIC CO 10,446.92 200431 08/21/2025 11956 PACIFIC GAS AND ELECTRIC CO 9,787.38 200432 08/21/2025 12092 PRESTIGE PRINTING AND GRAPHICS 95.84 200433 08/21/2025 12415 RACHEL SLICK 9,000.00
200434 08/21/2025 99997 Bettina Chen 745.00
200435 08/21/2025 99997 BEVY KELLS 551.00
200436 08/21/2025 99997 Desiree Cruz 551.00
200437 08/21/2025 99997 ROBERTSON STEPHENS 551.00
200438 08/21/2025 99997 Gaurav Bhaya 551.00
200439 08/21/2025 99997 Lisa Friendly 209.18
200440 08/21/2025 99997 Western Wheelers 551.00
200441 08/21/2025 12965 RISE PERFORMNG ARTS LLC 931.00
200442 08/21/2025 12282 SANTA CLARA COUNTY POLICE CHIEFS' ASSOCIATION 450.00 200443 08/21/2025 12342 SHAIJA SALIM ALI 570.00
200444 08/21/2025 12353 SHAW HR CONSULTING 632.50
200445 08/21/2025 12366 SHEZADI MERCHANT 570.00
200446 08/21/2025 12388 SILICON SHORES CORPORATION 1,764.00 200447 08/21/2025 12452 Sportzania Inc. 5,054.70
200448 08/21/2025 12526 SUMAN SIDANA 120.48
200449 08/21/2025 12613 THOMAS SARSFIELD 6,509.30
200450 08/21/2025 12620 TIANJIAO WANG 1,071.00
200451 08/21/2025 12694 TYLER TECHNOLOGIES INC 20,664.92 200452 08/21/2025 12739 Veena Jain 204.59
200453 08/21/2025 12747 VERIZON WIRELESS 40.01
200454 08/21/2025 12747 VERIZON WIRELESS 393.83
200455 08/21/2025 12828 WESTLAKE HARDWARE INC 131.97
200456 08/21/2025 12857 WORLD CUP SOCCER CAMPS & CLINICS 3,804.00 200457 08/21/2025 12887 YOGA WITH MIKI 1,543.50
200458 08/28/2025 12962 ACE PARKING III LLC 14,969.98

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Check Register
August 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200459 08/28/2025 10031 ACHIEVEMENT ENGINEERING CORP. 2,572.00 200460 08/28/2025 10103 AMAZON CAPITAL SERVICES INC 162.11 200461 08/28/2025 10246 BAY AREA PL SERVICES 450.00
200462 08/28/2025 10483 CHEVRON AND TEXACO BUSINESS CARD SERVICES 150.39 200463 08/28/2025 10531 CITIES ASSOCIATION OF SANTA CLARA COUNTY 8,698.00 200464 08/28/2025 99998 TESLA ENERGY 166.96
200465 08/28/2025 99998 THEODORE CHEN 85.00
200466 08/28/2025 10677 DEL CONTE'S LANDSCAPING INC. 8,953.00 200467 08/28/2025 10701 Dex Background Investigations 3,724.60 200468 08/28/2025 99999 Alex Watanabe 17.00
200469 08/28/2025 99999 Denize Gray 1,237.43
200470 08/28/2025 99999 Dyno Kam 143.28
200471 08/28/2025 99999 Tracie Banuelos 84.35
200472 08/28/2025 10855 FEDEX 47.34
200473 08/28/2025 10999 GRAINGER 2,055.70
200474 08/28/2025 11009 GREATAMERICA FINANCIAL SERVICES CORP. 87.29 200475 08/28/2025 11040 HALO Recognition 1,067.48
200476 08/28/2025 11040 HALO Recognition 8,237.76
200477 08/28/2025 11165 INSIGHT PUBLIC SECTOR INC 296.55 200478 08/28/2025 11174 INTERNATIONAL CODE COUNCIL INC. 3,555.12 200479 08/28/2025 11186 IRVINE & JACHENS INC 1,505.93
200480 08/28/2025 11323 Karl L Konnerth 96.00
200481 08/28/2025 11587 LOS ALTOS PEACE OFFICERS ASSOCIATION 6,651.07 200482 08/28/2025 11767 MISAC NO. CA REGIONAL DIV 130.00 200483 08/28/2025 99996 American Heating Technologies 4,279.15 200484 08/28/2025 11913 HONEY BUCKET 181.89
200485 08/28/2025 11956 PACIFIC GAS AND ELECTRIC CO 37.55 200486 08/28/2025 11956 PACIFIC GAS AND ELECTRIC CO 2,610.73 200487 08/28/2025 11956 PACIFIC GAS AND ELECTRIC CO 203.39 200488 08/28/2025 11956 PACIFIC GAS AND ELECTRIC CO 2,081.42 200489 08/28/2025 11956 PACIFIC GAS AND ELECTRIC CO 17.36 200490 08/28/2025 11961 PACKAGE PRODUCTS AND SERVICES INC 12,506.49 200491 08/28/2025 12044 PHAM QUANG 300.00
200492 08/28/2025 12092 PRESTIGE PRINTING AND GRAPHICS 204.52 200493 08/28/2025 12967 RAPIDSOS INC 9,995.00
200494 08/28/2025 99997 Andrew Carp 551.00
200495 08/28/2025 99997 Christy Golshan 338.00
200496 08/28/2025 99997 Christy Golshan 338.00
200497 08/28/2025 99997 Gakuto Seita 349.00
200498 08/28/2025 99997 Minsi Su 1,250.00
200499 08/28/2025 99997 Monica Tellado 551.00
200500 08/28/2025 99997 Ntaliia Zarichna 428.00
200501 08/28/2025 99997 Stella Loh 625.00
200502 08/28/2025 99997 Ying Chun Lin 738.00
200503 08/28/2025 12269 SANITARY TRUCK DRIVERS & HELPERS 2,074.00

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Check Register
August 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200504 08/28/2025 12274 SANTA CLARA COUNTY CENTRAL FIRE PROTECTION 763,536.00 200505 08/28/2025 12428 SODEXO INC. 53.62
200506 08/28/2025 12439 SOUTH BAY REGIONAL PUBLIC SAFETY 4,249.00 200507 08/28/2025 12495 STERICYCLE INC 538.28
200508 08/28/2025 12651 TRAFFIC LOGIX CORPORATION 1,235.00 200509 08/28/2025 12661 TRB AND ASSOCIATES INC 94,415.21 200510 08/28/2025 12672 TRISTAR RISK MANAGEMENT 5,185.33 200511 08/28/2025 12705 ULINE 1,407.09
200512 08/28/2025 12806 WATRY DESIGN INC. 91,300.15
200513 08/28/2025 12828 WESTLAKE HARDWARE INC 59.98
Total: 6,351,449.97

Page 68 of 533 ends

Check Register
September 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200514 09/04/2025 10092 AACIS INVESTMENTS INC 156.95
200515 09/04/2025 10103 AMAZON CAPITAL SERVICES INC 903.18 200516 09/04/2025 10103 AMAZON CAPITAL SERVICES INC 451.13 200517 09/04/2025 10103 AMAZON CAPITAL SERVICES INC 10.89 200518 09/04/2025 10114 AMS.NET INC 47,673.88
200519 09/04/2025 10202 AXON ENTERPRISE INC 9,579.75
200520 09/04/2025 10212 BADAWI & ASSOCIATES 20,842.20
200521 09/04/2025 10267 BERLINER COHEN LLP 28,062.44
200522 09/04/2025 10530 CITIBANK N.A. 180.67
200523 09/04/2025 10573 COMCAST 128.48
200524 09/04/2025 10573 COMCAST 107.43
200525 09/04/2025 99999 Brian Werner 260.09
200526 09/04/2025 10937 GARDENLAND CENTER INC 1,495.46
200527 09/04/2025 10989 GOVCONNECTION INC. 1,793.00
200528 09/04/2025 10999 GRAINGER 2,889.66
200529 09/04/2025 11006 GRANITE ROCK CO 846.93
200530 09/04/2025 11058 HARRIS AND ASSOCIATES 10,370.00 200531 09/04/2025 11287 JOSEPH F CANNIZZARO 500.00
200532 09/04/2025 11336 WEBTOWN DRY CLEANERS 2,719.15
200533 09/04/2025 11394 KMVT COMMUNITY TELEVISION 18,386.20 200534 09/04/2025 11463 LATC MEDIA INC 508.00
200535 09/04/2025 11509 LEXISNEXIS RISK DATA MGT LLC 161.00 200536 09/04/2025 11582 LOS ALTOS HARDWARE INC 453.19
200537 09/04/2025 11767 MISAC NO. CA REGIONAL DIV 625.00 200538 09/04/2025 11852 NAVIA BENEFIT SOLUTIONS 2,040.40 200539 09/04/2025 11956 PACIFIC GAS AND ELECTRIC CO 94.59 200540 09/04/2025 11956 PACIFIC GAS AND ELECTRIC CO 11,568.97 200541 09/04/2025 11956 PACIFIC GAS AND ELECTRIC CO 103.14 200542 09/04/2025 11959 PACIFIC OFFICE AUTOMATION INC. 581.21 200543 09/04/2025 12149 RANCHO 76 INC 187.00
200544 09/04/2025 99997 Roger Mormoto 551.00
200545 09/04/2025 99997 Stefanie Friedland 551.00
200546 09/04/2025 12199 ROBERT HALF 1,922.40
200547 09/04/2025 12252 SAN FRANCISCO DAILY LLC 757.50
200548 09/04/2025 12284 Santa Clara County Roads & Airports 24,403.91 200549 09/04/2025 12475 STAPLES ADVANTAGE 274.11
200550 09/04/2025 12672 TRISTAR RISK MANAGEMENT 19,298.55 200551 09/04/2025 12697 U.S. BANK 1,364.00
200552 09/04/2025 12755 VESTIS 1,040.85
200553 09/04/2025 12756 VESTRA RESOURCES INC 1,816.00
200554 09/11/2025 10183 ASSOCIATION OF BAY AREA GOVERMENTS 4,200.60 200555 09/11/2025 10103 AMAZON CAPITAL SERVICES INC 2,102.18 200556 09/11/2025 10182 Associated Business Machines 549.67 200557 09/11/2025 10188 AT&T 4,120.24
200558 09/11/2025 10361 C2R ENGINEERING INC 6,018.90

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Check Register
September 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200559 09/11/2025 10381 CALIFORNIA WATER SERVICE 109,367.84 200560 09/11/2025 10530 CITIBANK N.A. 4,526.93
200561 09/11/2025 10537 CITY OF MOUNTAIN VIEW 642.66
200562 09/11/2025 10550 CLEANSWEEP SERVICES INC. 16,941.08 200563 09/11/2025 10574 COMCAST BUSINESS 926.78
200564 09/11/2025 10582 CONCENTRA MEDICAL CENTERS 942.00 200565 09/11/2025 10613 CPS HR CONSULTING 2,338.75
200566 09/11/2025 10636 D&M TRAFFIC SERVICES INC 8,338.50 200567 09/11/2025 10640 DAHL'S EQUIPMENT RENTALS INC 909.21 200568 09/11/2025 10653 Darryl Pang 375.00
200569 09/11/2025 10733 Dosanjh Family Automotive Retailing Group Inc. 467.33 200570 09/11/2025 10753 DUNN-EDWARDS CORPORATION 567.39 200571 09/11/2025 99999 Brian Werner 702.32
200572 09/11/2025 11006 GRANITE ROCK CO 4,314.30
200573 09/11/2025 11041 STRUCTECH ENGINEERING 126,877.08 200574 09/11/2025 11154 IMPEC GROUP INC 300.00
200575 09/11/2025 11195 IT MANAGEMENT CORP 389.21
200576 09/11/2025 11274 JOHNSON ROBERTS & ASSOCIATES INC 468.00 200577 09/11/2025 11276 JOHNSTONE SUPPLY 4,986.76
200578 09/11/2025 11585 JOINT COMMUNITY VOLUNTEER SERVICE AWARDS 10,000.00 200579 09/11/2025 11331 KATHLEEN BLANCHARD 138.49
200580 09/11/2025 11516 LIEBERT CASSIDY WHITMORE 3,571.50 200581 09/11/2025 12969 LITTLE DAVID PEST CONTROL INC. 1,650.00 200582 09/11/2025 11582 LOS ALTOS HARDWARE INC 2,015.57 200583 09/11/2025 11582 LOS ALTOS HARDWARE INC 11.40
200584 09/11/2025 11586 LOS ALTOS MOUNTAIN VIEW COMMUNITY FOUNDATION 70,000.00 200585 09/11/2025 11587 LOS ALTOS PEACE OFFICERS ASSOCIATION 1,653.58 200586 09/11/2025 11769 MISSION TRAIL WASTE SYSTEMS 72,160.72 200587 09/11/2025 11810 MUNICIPAL MAINTENANCE EQUIPMENT INC 1,044.23 200588 09/11/2025 11941 O'REILLY AUTO ENTERPRISES LLC 325.48 200589 09/11/2025 11921 OAK ALARM COMPANY 427.50
200590 09/11/2025 11999 PAY PLUS SOLUTIONS 652.00
200591 09/11/2025 12089 PREFERRED ALLIANCE INC 232.48
200592 09/11/2025 12104 Public Risk Innovation Solutions and Management 7,414.06 200593 09/11/2025 99997 Shri Gopal Garg 222.51
200594 09/11/2025 99997 Sandy Mingia 51.19
200595 09/11/2025 12161 RED WING BUSINESS ADVANTAGE ACCOUNT 1,509.14 200596 09/11/2025 12194 RINGCENTRAL INC. 4,851.52
200597 09/11/2025 12199 ROBERT HALF 1,537.92
200598 09/11/2025 12968 RUFF RUFF PET PRODUCTS 5,115.66 200599 09/11/2025 12269 SANITARY TRUCK DRIVERS & HELPERS 1,054.00 200600 09/11/2025 12416 SMARTCOVER SYSTEMS 21,423.08
200601 09/11/2025 12475 STAPLES ADVANTAGE 767.09
200602 09/11/2025 12535 SUNNYVALE FORD INC 1,006.44
200603 09/11/2025 12634 T-Mobile USA Inc. 787.65

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Check Register
September 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200604 09/11/2025 12661 TRB AND ASSOCIATES INC 87,790.31 200605 09/11/2025 12670 TRIPEPI SMITH and ASSOCIATES INC. 5,937.50 200606 09/11/2025 12672 TRISTAR RISK MANAGEMENT 59,487.93 200607 09/11/2025 12698 U.S. BANK 64,299.13
200608 09/11/2025 12705 ULINE 13,426.68
200609 09/11/2025 12707 UNDERGROUND SERVICE ALERT 4,643.59 200610 09/11/2025 12747 VERIZON WIRELESS 400.45
200611 09/11/2025 12762 VIJAY KUMAR DHIR 217.01
200612 09/18/2025 10041 ADOBE ANIMAL HOSPITAL 448.20
200613 09/18/2025 10063 ALAMEDA COUNTY SHERIFF'S OFFICE 350.00 200614 09/18/2025 10103 AMAZON CAPITAL SERVICES INC 2,866.02 200615 09/18/2025 10125 ANDERSON BRULE ARCHITECTS 9,031.75 200616 09/18/2025 10188 AT&T 398.70
200617 09/18/2025 10208 BACKFLOW PREVENTION SPECIALISTS INC. 225.00 200618 09/18/2025 10250 BAY CITIES JOINT POWERS INSURANCE AUTHORITY 908.31 200619 09/18/2025 10255 BAYSIDE EQUIPMENT COMPANY 2,883.76 200620 09/18/2025 10341 BROADCAST MUSIC INC 446.00
200621 09/18/2025 10361 C2R ENGINEERING INC 326,623.60
200622 09/18/2025 10379 CALIFORNIA PEACE OFFICERS' ASSOC. 1,470.00 200623 09/18/2025 10431 CDW GOVERNMENT INC. 1,955.31
200624 09/18/2025 10491 CHIEN-SHENG TSENG 278.59
200625 09/18/2025 10530 CITIBANK N.A. 2,512.89
200626 09/18/2025 10536 CITY OF MORGAN HILL 3,000.00
200627 09/18/2025 10540 CITY OF PALO ALTO - REV COLLECTIONS 1,687.31 200628 09/18/2025 10607 COUNTY OF SANTA CLARA-OFFICE of the SHERIFF 500.00 200629 09/18/2025 10636 D&M TRAFFIC SERVICES INC 1,275.57 200630 09/18/2025 10663 DAVID J. POWERS & ASSOCIATES INC. 17,157.50 200631 09/18/2025 10733 Dosanjh Family Automotive Retailing Group Inc. 222.83 200632 09/18/2025 99999 Brian Werner 89.96
200633 09/18/2025 99999 David Lopez 701.41
200634 09/18/2025 99999 Emily Wong 820.12
200635 09/18/2025 99999 Heather Cressall 481.17
200636 09/18/2025 99999 Jennifer Pena 826.02
200637 09/18/2025 99999 Katie Krauss 838.98
200638 09/18/2025 99999 Levi Lnenicka 144.63
200639 09/18/2025 99999 Tracie Banuelos 1,118.58
200640 09/18/2025 10849 ARIA ELECTRIC CONSTRUCTION 249,612.50 200641 09/18/2025 10875 Flock Group Inc. 11,800.00
200642 09/18/2025 10899 FRANCOTYP-POSTALIA INC 86.85
200643 09/18/2025 10943 GB Auto Service Inc/ Bruce's Tire & Auto 1,326.76 200644 09/18/2025 10999 GRAINGER 1,364.62
200645 09/18/2025 11007 GRASSROOTS ECOLOGY 26,132.25
200646 09/18/2025 11049 Hanson Bridgett LLP 29,627.00
200647 09/18/2025 11105 HINDERLITER DE LLAMAS & ASSOC 2,655.14 200648 09/18/2025 11155 IMPERIAL SPRINKLER SUPPLY 3,021.66

Page 71 of 533 ends

Check Register
September 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200649 09/18/2025 11165 INSIGHT PUBLIC SECTOR INC 287.25 200650 09/18/2025 11169 INTERACTIVE DATA LLC 85.00
200651 09/18/2025 11250 JET MULCH INC. 8,440.08
200652 09/18/2025 11276 JOHNSTONE SUPPLY 453.91
200653 09/18/2025 11336 WEBTOWN DRY CLEANERS 3,472.60
200654 09/18/2025 11454 LANGUAGE LINE SERVICES 37.60
200655 09/18/2025 11509 LEXISNEXIS RISK DATA MGT LLC 1,977.60 200656 09/18/2025 11509 LEXISNEXIS RISK DATA MGT LLC 157.00 200657 09/18/2025 11534 LINDE GAS & EQUIPMENT INC. 24.80 200658 09/18/2025 12969 LITTLE DAVID PEST CONTROL INC. 125.00 200659 09/18/2025 11582 LOS ALTOS HARDWARE INC 1,672.53 200660 09/18/2025 11668 HRWORKS! 1,925.00
200661 09/18/2025 11737 METRO MOBILE COMMUNICATIONS 620.39 200662 09/18/2025 12976 MICHAEL A CHILCOTE 400.00
200663 09/18/2025 12953 MIDSTATE BARRIER, INC. 77,375.00 200664 09/18/2025 11767 MISAC NO. CA REGIONAL DIV 130.00 200665 09/18/2025 11798 MOTION PICTURE LICENSING CORP 809.42 200666 09/18/2025 11835 NAPA AUTO PARTS 44.20
200667 09/18/2025 11864 NETSENTIAL.COM INC. 1,000.00
200668 09/18/2025 12975 NORTHERN CALIFORNIA REGIONAL TRAINING CENTER 1,000.00 200669 09/18/2025 11941 O'REILLY AUTO ENTERPRISES LLC 168.00 200670 09/18/2025 11921 OAK ALARM COMPANY 1,084.50
200671 09/18/2025 11956 PACIFIC GAS AND ELECTRIC CO 29,090.71 200672 09/18/2025 11956 PACIFIC GAS AND ELECTRIC CO 29,445.03 200673 09/18/2025 11959 PACIFIC OFFICE AUTOMATION INC. 452.58 200674 09/18/2025 12059 PITNEY BOWES GLOBAL FINANCIAL SERVICES LLC 680.21 200675 09/18/2025 12096 PRIMO BRANDS 174.85
200676 09/18/2025 12149 RANCHO 76 INC 59.95
200677 09/18/2025 99997 Anessa Farber 551.00
200678 09/18/2025 99997 Cub Scout Pack 501 551.00
200679 09/18/2025 99997 Kathy Carlson 551.00
200680 09/18/2025 99997 SFKAHM 980.00
200681 09/18/2025 12161 RED WING BUSINESS ADVANTAGE ACCOUNT 6,550.80 200682 09/18/2025 12166 REDWOOD TRADING POST 296.61
200683 09/18/2025 12199 ROBERT HALF 1,922.40
200684 09/18/2025 12256 SAN JOSE WATER COMPANY 236.69
200685 09/18/2025 12273 SANTA CLARA COUNTY 534.00
200686 09/18/2025 12274 SANTA CLARA COUNTY CENTRAL FIRE PROTECTION 764,381.00 200687 09/18/2025 12321 PERMITIUM 250.00
200688 09/18/2025 12364 SHEPPARD MULLIN RICHTER AND HAMPTON LLP 364.80 200689 09/18/2025 12495 STERICYCLE INC 114.87
200690 09/18/2025 12527 SUMMIT AUTO BODY & PAINTING 8,657.67 200691 09/18/2025 12528 SUMMIT UNIFORMS LLC 3,083.29
200692 09/18/2025 12529 SUN RIDGE SYSTEMS 2,223.25
200693 09/18/2025 12535 SUNNYVALE FORD INC 676.36

Page 72 of 533 ends

Check Register
September 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200694 09/18/2025 12601 The Lew Edwards Group 13,500.00 200695 09/18/2025 12125 THE RADAR SHOP 1,372.00
200696 09/18/2025 12646 TOP DOG POLICE K9 TRAINING AND CONSULTING LLC 275.00 200697 09/18/2025 12964 TOWNSEND PUBLIC AFFAIRS, INC 2,000.00 200698 09/18/2025 12657 TRANS BAY ELEVATOR CORPORATION 120.00 200699 09/18/2025 12725 VALLEY OIL COMPANY 25,530.29
200700 09/18/2025 12755 VESTIS 866.90
200701 09/18/2025 12806 WATRY DESIGN INC. 91,127.68
200702 09/25/2025 12962 ACE PARKING III LLC 14,084.08
200703 09/25/2025 10058 AIR FILTER SUPPLY INC 268.87
200704 09/25/2025 10068 ALERT PLUMBING INC 11,968.89
200705 09/25/2025 10092 AACIS INVESTMENTS INC 131.87
200706 09/25/2025 10103 AMAZON CAPITAL SERVICES INC 197.74 200707 09/25/2025 10188 AT&T 6,874.85
200708 09/25/2025 10190 AT&T MOBILITY 3,467.27
200709 09/25/2025 10246 BAY AREA PL SERVICES 300.00
200710 09/25/2025 10257 Bear Electrical Solutions Inc. 5,331.80 200711 09/25/2025 10258 BEAUCHAINE CONSULTING GROUP LLC 26,142.50 200712 09/25/2025 10261 BELLECCI & ASSOCIATES 9,744.00
200713 09/25/2025 10267 BERLINER COHEN LLP 29,151.68
200714 09/25/2025 10274 BETTE FOLEY 105.48
200715 09/25/2025 10296 BLACH SCHOOL 5,512.50
200716 09/25/2025 10370 CALIFORNIA BUILDING OFFICIALS 2,345.00 200717 09/25/2025 10381 CALIFORNIA WATER SERVICE 1,899.07 200718 09/25/2025 10384 CALLANDER ASSOCIATES LANDSCAPE ARCHITECTURE INC. 34,882.19 200719 09/25/2025 12973 CARLOS RUIZ 1,150.00
200720 09/25/2025 10421 CARTER YOUNGBLOOD 1,150.00
200721 09/25/2025 12974 CHARLES ATKINS 1,227.00
200722 09/25/2025 10483 CHEVRON AND TEXACO BUSINESS CARD SERVICES 461.90 200723 09/25/2025 10540 CITY OF PALO ALTO - REV COLLECTIONS 2,145.14 200724 09/25/2025 10550 CLEANSWEEP SERVICES INC. 16,995.76 200725 09/25/2025 10573 COMCAST 220.04
200726 09/25/2025 10573 COMCAST 128.48
200727 09/25/2025 10582 CONCENTRA MEDICAL CENTERS 442.00 200728 09/25/2025 12977 CONCEPT SEATING GOVERNMENT LLC 4,490.54 200729 09/25/2025 10663 DAVID J. POWERS & ASSOCIATES INC. 757.25 200730 09/25/2025 10677 DEL CONTE'S LANDSCAPING INC. 34,686.00 200731 09/25/2025 10701 Dex Background Investigations 390.00 200732 09/25/2025 10711 DIANE SASAKI 1,150.00
200733 09/25/2025 10749 DUANE WENDEROTH 133.52
200734 09/25/2025 10775 EEC ENVIRONMENTAL 9,475.00
200735 09/25/2025 10779 EIAN BURTON 1,150.00
200736 09/25/2025 10785 ELB US Inc. 21,403.27
200737 09/25/2025 99999 Elizabeth Checke 1,211.72
200738 09/25/2025 99999 Erica Ewing 973.44

Page 73 of 533 ends

Check Register
September 2025

CHECK NUMBER CHECK DATE VENDOR NUMBER VENDOR NAME AMOUNT 200739 09/25/2025 99999 Josh Cottrell 260.00
200740 09/25/2025 99999 Ryan Burke 213.00
200741 09/25/2025 99999 Steve Spillman 56.48
200742 09/25/2025 10815 ERIC ROSENTHAL 257.28
200743 09/25/2025 10999 GRAINGER 708.02
200744 09/25/2025 11075 HECTOR LOPEZ 1,150.00
200745 09/25/2025 11154 IMPEC GROUP INC 103,449.00
200746 09/25/2025 11240 JEFF DONOVAN 1,150.00
200747 09/25/2025 11267 JOHN MILLER 75.79
200748 09/25/2025 11269 JOHN W PARKER II 1,150.00
200749 09/25/2025 11359 KENNETH LAMMAY 1,150.00
200750 09/25/2025 11534 LINDE GAS & EQUIPMENT INC. 24.80 200751 09/25/2025 12969 LITTLE DAVID PEST CONTROL INC. 1,525.00 200752 09/25/2025 11582 LOS ALTOS HARDWARE INC 347.70
200753 09/25/2025 11587 LOS ALTOS PEACE OFFICERS ASSOCIATION 1,653.58 200754 09/25/2025 11621 M2 California Ventures Inc 2,062.56 200755 09/25/2025 11713 MCKESSON MEDICAL - SURGICAL 49,295.34 200756 09/25/2025 11956 PACIFIC GAS AND ELECTRIC CO 52.09 200757 09/25/2025 11956 PACIFIC GAS AND ELECTRIC CO 1,951.01 200758 09/25/2025 12947 PATRIOT3, INC. 40,643.06
200759 09/25/2025 11995 PAUL RAMIREZ 1,150.00
200760 09/25/2025 12021 PENINSULA UNIFORMS AND ARTISAN EMBROIDERY 6,364.06 200761 09/25/2025 12104 Public Risk Innovation Solutions and Management 7,353.44 200762 09/25/2025 12108 PUMP REPAIR SERVICE CO 2,318.23 200763 09/25/2025 12972 RANDY SIMON 1,150.00
200764 09/25/2025 99997 BEVY KELLS 551.00
200765 09/25/2025 99997 Bhavika Bhatt 35.00
200766 09/25/2025 99997 Los Altos Art Docents 551.00
200767 09/25/2025 99997 Robin Johnston 551.00
200768 09/25/2025 12166 REDWOOD TRADING POST 7,782.24
200769 09/25/2025 12379 SHRI GOPAL GARG 154.64
200770 09/25/2025 12428 SODEXO INC. 53.62
200771 09/25/2025 12495 STERICYCLE INC 619.73
200772 09/25/2025 12526 SUMAN SIDANA 117.44
200773 09/25/2025 12570 TANGENT COMPUTER INC 328.06
200774 09/25/2025 12657 TRANS BAY ELEVATOR CORPORATION 400.00 200775 09/25/2025 12672 TRISTAR RISK MANAGEMENT 5,185.33 200776 09/25/2025 12694 TYLER TECHNOLOGIES INC 8,680.00 200777 09/25/2025 12705 ULINE 278.73
200778 09/25/2025 12725 VALLEY OIL COMPANY 8,063.88
200779 09/25/2025 11336 WEBTOWN DRY CLEANERS 2,640.40
200780 09/25/2025 12821 WEST COAST ARBORISTS INC 7,000.00 200781 09/25/2025 12828 WESTLAKE HARDWARE INC 94.91
Total: 3,276,402.93

Page 74 of 533 ends

City Council Staff Report
Meeting Date: November 18, 2025
Prepared By: Jessie Kim
Approved By: Gabe Engeland
Subject: Acceptance of Investment Reports

COUNCIL PRIORITY AREA
General Government

RECOMMENDATION
Receive and file the City’s Investment Portfolio Reports for the quarters ending June 30, 2025, and September 30, 2025

ENVIRONMENTAL IMPACT
None.

FISCAL IMPACT
None.

PREVIOUS COUNCIL CONSIDERATION

BACKGROUND
This report provides the City’s quarterly investment update covering the quarters ending June 30, 2025 and September 30, 2025.

Note: Because this is the first investment report presented since the start of the fiscal year and the meeting occurs in November, this report includes a summary of both Q4 of FY24-25 (ending June 30, 2025) and Q1 of FY25-26 (ending September 30, 2025).

The City’s investment portfolio is managed by Public Trust Advisors (PTA) and structured in accordance with the City’s Investment Policy and California Government Code Sections 53600– 53609. The portfolio emphasizes safety, liquidity, and steady returns.

ANALYSIS
The table below summarizes key changes in investment performance between the quarters ending June 30 and September 30, 2025.

Page 75 of 533 ends

DISCUSSION
The increase in book yield from 4.190% to 4.339% is due to maturing investments being reinvested at higher interest rates before recent changes to federal policy. This helps the City lock in strong returns ahead of further rate movement. At the same time, the market yield declined by 22 basis points, consistent with softening Treasury yields following the first Federal Reserve rate cut earlier in the year. As of September 30, markets were also beginning to price in the possibility of additional cuts, which have since occurred.

The total portfolio value increased slightly from $54.2 million to $54.7 million, reflecting normal reinvestment activity and favorable pricing on new purchases.

These changes are expected and reflect the City’s ongoing investment strategy to:
• Maintain the safety and liquidity of public funds
• Maximize interest earnings when market conditions allow • Remain aligned with market trends and the City’s Investment Policy

ATTACHMENTS

1. Attachment 1 - PTA Investment Portfolio

2. Attachment 2 - PTA Investment Portfolio

Page 76 of 533 ends

04/01/2025 to 06/30/2025
City of Los Altos
Investment Report

Page 77 of 533 ends

John Grady | Managing Director
[email protected]
Mark Creger | Director, Portfolio Management
[email protected]
Tom Tight | Managing Director
[email protected]
Manuel N. San Luis | Vice President, Portfolio Management [email protected]
Relationship Managers Portfolio Manager
Relationship Management Team
Table of Contents
Executive Summary
• Portfolio Overview 3
• Maturity Distribution 4
• Maturity Distribution 5
• Rating Distribution 6
• Security Distribution – Market Value 7
• Security Distribution – Historical Cost 8
Supporting Reports
• Portfolio Holdings 9
• Transactions 19
• Income 27
• GASB 40 35
• Portfolio Activity Summary 54
Disclaimers

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Public Trust Advisors 3
04/01/2025 to 06/30/2025
City of Los Altos
Portfolio Overview
03/31/25 06/30/25
Duration 0.686 0.508
Years to Effective Maturity 0.790 0.582
Years to Final Maturity 0.905 0.681
Coupon Rate 3.930 4.104
Book Yield 4.081 4.190
Market Yield 4.196 4.125
Benchmark Yield -- --
Portfolio Summary
Asset Allocation
Portfolio Characteristics
Summary 03/31/25 06/30/25
Historical Cost $52,941,904.99 $53,547,502.96
Book Value 53,085,540.35 53,620,957.25
Accrued Interest 384,755.81 380,538.66
Net Pending Transactions 36,658.54 56,177.74
Book Value Plus Accrued $53,506,954.70 $54,057,673.65
Net Unrealized Gain/Loss 82,888.05 97,519.20
Market Value Plus Accrued $53,589,842.75 $54,155,192.85 Period Income Income
Interest Income $530,989.98
Net Amortization/Accretion Income 19,728.95
Net Realized Gain/Loss 0.02
Net Income $550,718.95
Income Summary
Detail may not add to total due to rounding.

Executive Summary

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Public Trust Advisors 4
04/01/2025 to 06/30/2025
City of Los Altos
Maturity Distribution by Security Type
Portfolio Overview
Issuer Value
Federated Hermes, Inc. 34.65%
Government of The United States 34.33%
Federal Home Loan Mortgage Corporation 6.09%
Bank of America Corporation 1.27%
Wells Fargo & Company 1.07%
The Toronto-Dominion Bank 0.96%
ANZ Group Holdings Limited 0.94%
Nordea Bank Abp 0.93%
Coöperatieve Rabobank U.A. 0.91%
Toyota Motor Corporation 0.85%
Top Ten Holdings Maturity Distribution by Type
Security Distribution 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total ABS $344,918.61 $200,553.79 $367,407.83 $679,660.69 $2,344,579.27 $332,687.91 -- -- -- $4,269,808.11 CASH 56,177.74 56,177.74
CD 1,027,440.04 911,749.82 1,939,189.86
CORP 1,645,026.56 810,756.70 509,012.79 836,971.92 2,630,515.30 6,432,283.27 FED INST (GSE) 220,086.72 565,092.76 2,724,493.57 168,548.88 3,678,221.93 MMFUND 18,764,165.96 18,764,165.96
US GOV 2,252,127.82 1,132,026.00 3,534,952.34 3,835,605.33 7,834,713.25 18,589,424.74 YANKEE 425,921.24 425,921.24
TOTAL $23,062,416.70 $3,390,863.26 $5,402,386.95 $5,352,237.94 $16,446,051.21 $501,236.79 -- -- -- $54,155,192.85 • Maturity Distribution

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Public Trust Advisors 5
04/01/2025 to 06/30/2025
City of Los Altos
WAL Distribution by Security Type
Portfolio Overview
Security
Distribution 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years 5+ Years Portfolio Total ABS $425,050.21 $605,395.89 $1,539,475.50 $1,142,448.91 $557,437.60 -- -- -- -- $4,269,808.11 TOTAL $425,050.21 $605,395.89 $1,539,475.50 $1,142,448.91 $557,437.60 -- -- -- -- $4,269,808.11 • Maturity Distribution
Issuer Value
Federated Hermes, Inc. 34.65%
Government of The United States 34.33%
Federal Home Loan Mortgage Corporation 6.09%
Bank of America Corporation 1.27%
Wells Fargo & Company 1.07%
The Toronto-Dominion Bank 0.96%
ANZ Group Holdings Limited 0.94%
Nordea Bank Abp 0.93%
Coöperatieve Rabobank U.A. 0.91%
Toyota Motor Corporation 0.85%
Top Ten Holdings WAL Distribution by Type

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Public Trust Advisors 6
04/01/2025 to 06/30/2025
City of Los Altos
Portfolio Overview
S&P Rating Distribution Moody’s Rating Distribution
Allocation by Standard and Poor’s Rating Allocation by Moody’s Rating S&P Rating Distribution Jun 30, 2025
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
A-1+ $0.00 0.00%
A-1
A-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
AAA $22,150,138.86 40.90%
AA $23,843,520.70 44.03%
A $6,146,927.59 11.35%
Below A $802,704.98 1.48%
Not Rated $1,211,900.72 2.24%
Total Long Term Ratings $54,155,192.85 100.00%
Portfolio Total $54,155,192.85 100.00%
Moody's Rating Distribution Jun 30, 2025
Ending Balance
Portfolio
Allocation
Short Term Rating Distribution
P-1 $0.00 0.00%
P-2
Total Short Term Ratings $0.00 0.00%
Long Term Rating Distribution
Aaa $21,437,590.15 39.59%
Aa $26,311,894.38 48.59%
A $4,418,377.14 8.16%
Below A $334,769.52 0.62%
Not Rated $1,652,561.66 3.05%
Total Long Term Ratings $54,155,192.85 100.00%
Portfolio Total $54,155,192.85 100.00%
• Rating Distribution

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Public Trust Advisors 7
04/01/2025 to 06/30/2025
City of Los Altos
Market Value Basis Security Distribution
Asset Balance by Security Type
Security Distribution Mar 31, 2025
Ending Balance
Mar 31, 2025
Portfolio Allocation
Jun 30, 2025
Ending Balance
Jun 30, 2025
Portfolio Allocation
Change in
Allocation Book Yield
Cash $36,658.54 0.07% $56,177.74 0.10% 0.04% 0.00%
U.S. Treasury Notes $21,313,215.06 39.77% $18,589,424.74 34.33% (5.44%) 4.18% Federal Instrumentality (GSE) 3,744,698.36 6.99% 3,678,221.93 6.79% (0.20%) 3.30% Money Market Funds $11,558,745.23 21.57% $18,764,165.96 34.65% 13.08% 3.96% Corporate Notes 8,912,549.72 16.63% 6,858,204.51 12.66% (3.97%) 4.71% Asset-Backed Securities 6,089,980.36 11.36% 4,269,808.11 7.88% (3.48%) 4.68% CD 1,933,995.49 3.61% 1,939,189.86 3.58% (0.03%) 5.45%
Portfolio Total $53,589,842.75 100.00% $54,155,192.85 100.00% 4.19% Portfolio Overview
• Security Distribution – Market Value

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Public Trust Advisors 8
04/01/2025 to 06/30/2025
City of Los Altos
Historic Cost Basis Security Distribution
Asset Balance by Security Type
Portfolio Overview
Security Distribution Mar 31, 2025
Ending Balance
Mar 31, 2025
Portfolio Allocation
Jun 30, 2025
Ending Balance
Jun 30, 2025
Portfolio Allocation
Change in
Allocation Book Yield
Cash $36,658.54 0.07% $56,177.74 0.10% 0.04% 0.00%
U.S. Treasury Notes $20,878,858.81 39.41% $18,301,329.51 34.14% (5.27%) 4.18% Federal Instrumentality (GSE) 3,748,189.74 7.07% 3,669,114.59 6.84% (0.23%) 3.30% Money Market Funds $11,558,745.23 21.82% $18,764,165.96 35.01% 13.19% 3.96% Corporate Notes 8,773,167.88 16.56% 6,704,752.95 12.51% (4.05%) 4.71% Asset-Backed Securities 6,132,943.33 11.58% 4,258,139.96 7.94% (3.63%) 4.68% CD 1,850,000.00 3.49% 1,850,000.00 3.45% (0.04%) 5.45%
Portfolio Total $52,978,563.53 100.00% $53,603,680.70 100.00% 4.19% • Security Distribution – Historical Cost

Page 84 of 533 ends

Public Trust Advisors 9
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
CASH 0.00%
Receivable
CCYUSD

0.00%
06/30/25
06/30/25

0.00 --
-- 56,177.74 $56,177.74$56,177.74
$56,177.74

1.00 $56,177.74
$0.00 $0.00 0.10% N--

0.00%

0.00%
AAA
Aaa

CASH TOTAL
06/30/25
06/30/25

0.00 --
-- 56,177.74 $56,177.74$56,177.74
$56,177.74

1.00 $56,177.74
$0.00 $0.00 0.10% N--

0.00%

0.00%
AAA
Aaa
MMFUND 0.00%

FEDERATED HRMS TRS SVC
60934N872

3.96%
06/30/25
06/30/25

0.00 --
-- 18,764,165.96 $18,764,165.96$18,764,165.96
$18,764,165.96

1.00 $18,764,165.96
$0.00 $0.00 34.65% N--

3.96%
--
--
AAAm
Aaa

MMFUND TOTAL
06/30/25
06/30/25

0.00 --
-- 18,764,165.96 $18,764,165.96$18,764,165.96
$18,764,165.96

1.00 $18,764,165.96
$0.00 $0.00 34.65% N--

3.96%
--
--
AAAm
Aaa
US GOV 0.00%

UNITED STATES TREASURY
91282CEY3

3.00%
07/15/25
07/15/25

0.04 --
-- 1,625,000.00 $1,614,161.14$1,624,849.27
$1,624,131.39

99.95 $1,646,621.03
$22,489.64 ($717.88) 3.04% N--

3.24%

4.23%
--
AA+
Aa1

UNITED STATES TREASURY
91282CFK2

3.50%
09/15/25
09/15/25

0.21 10/06/22
10/11/22 600,000.00 587,976.56599,108.52
599,343.75

99.89 605,506.79
6,163.04 235.23 1.12% N--

4.23%

3.99%
--
AA+
Aa1

UNITED STATES TREASURY
91282CFW6

4.50%
11/15/25
11/15/25

0.37 12/16/22
12/16/22 1,125,000.00 1,140,468.751,127,078.22
1,125,560.31
100.05
1,132,026.00
6,465.69 (1,517.91) 2.09% N--

3.99%

4.34%
--
AA+
Aa1

UNITED STATES TREASURY
91282CGE5

3.88%
01/15/26
01/15/26

0.52 01/30/23
02/01/23 2,550,000.00 2,544,123.052,548,884.62
2,546,563.47

99.87 2,592,148.24
45,584.77 (2,321.16) 4.79% N--

3.96%

4.13%
--
AA+
Aa1

UNITED STATES TREASURY
91282CGL9

4.00%
02/15/26
02/15/26

0.60 03/02/23
03/03/23 930,000.00 913,725.00926,383.27
928,828.41

99.87 942,804.10
13,975.69 2,445.14 1.74% N--

4.64%

4.20%
--
AA+
Aa1

UNITED STATES TREASURY
91282CGV7

3.75%
04/15/26
04/15/26

0.77 05/01/23
05/03/23 1,150,000.00 1,147,349.611,149,267.14
1,147,012.69

99.74 1,156,085.44
9,072.75 (2,254.45) 2.13% N--

3.83%

4.08%
--
AA+
Aa1

UNITED STATES TREASURY
91282CHB0

3.63%
05/15/26
05/15/26

0.85 06/01/23
06/05/23 1,700,000.00 1,683,332.031,694,867.28
1,693,691.40

99.63 1,701,561.99
7,870.58 (1,175.88) 3.14% N--

3.98%

4.06%
--
AA+
Aa1

UNITED STATES TREASURY
91282CHH7

4.13%
06/15/26
06/15/26

0.93 06/29/23
06/29/23 975,000.00 965,478.52971,792.44
976,199.71
100.12
977,957.91
1,758.20 4,407.27 1.81% N--

4.48%

3.99%
--
AA+
Aa1
Portfolio Holdings
Supporting Reports

Page 85 of 533 ends

Public Trust Advisors 10
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's

UNITED STATES TREASURY
91282CHM6

4.50%
07/15/26
07/15/26

0.99 08/01/23
08/03/23 1,550,000.00 1,547,517.581,549,101.12
1,558,158.69
100.53
1,590,336.17
32,177.49 9,057.57 2.94% N--

4.56%

3.98%
--
AA+
Aa1

UNITED STATES TREASURY
91282CHU8

4.38%
08/15/26
08/15/26

1.07 09/06/23
09/11/23 1,100,000.00 1,089,515.631,095,816.67
1,104,769.53
100.43
1,122,849.64
18,080.11 8,952.87 2.07% N--

4.73%

3.97%
--
AA+
Aa1

UNITED STATES TREASURY
91282CHY0

4.63%
09/15/26
09/15/26

1.15 10/03/23
10/05/23 1,000,000.00 992,851.56996,961.11
1,008,046.88
100.80
1,021,620.25
13,573.37 11,085.77 1.89% N--

4.89%

3.93%
--
AA+
Aa1

UNITED STATES TREASURY
91282CJC6

4.63%
10/15/26
10/15/26

1.23 11/09/23
11/13/23 450,000.00 448,734.38449,427.57
454,007.81
100.89
458,386.40
4,378.59 4,580.24 0.85% N--

4.73%

3.91%
--
AA+
Aa1

UNITED STATES TREASURY
91282CJK8

4.63%
11/15/26
11/15/26

1.32 12/07/23
12/11/23 1,250,000.00 1,259,814.451,254,772.19
1,262,109.38
100.97
1,269,493.04
7,383.66 7,337.18 2.34% N--

4.34%

3.89%
--
AA+
Aa1

UNITED STATES TREASURY
91282CJP7

4.38%
12/15/26
12/15/26

1.40 --
-- 2,350,000.00 2,366,281.252,358,337.60
2,367,533.21
100.75
2,372,027.74
4,494.54 9,195.61 4.38% N--

4.12%

3.84%
--
AA+
Aa1

US GOV TOTAL
05/09/26
05/09/26

0.82 --
-- 18,355,000.00 $18,301,329.51$18,346,647.04
$18,395,956.63
100.22
$18,589,424.74
$193,468.12 $49,309.59 34.33% N--

4.18%

4.04%
--
AA+
Aa1
GSE MBS 0.00%
FHMS K-053 A2
3137BN6G4

3.00%
12/01/25
12/25/25

0.42 08/04/22
08/09/22 221,246.20 $218,696.68$220,514.41
$219,534.53

99.23 $220,086.72
$552.19 ($979.88) 0.41% Y--

3.33%
--
--
AA+
Aa1
FHMS K-054 A2
3137BNGT5

2.75%
01/01/26
01/25/26

0.50 --
-- 448,892.11 431,930.65444,671.77
444,087.48

98.93 445,114.32
1,026.84 (584.29) 0.82% Y--

4.24%
--
--
AA+
Aa1
FNA 2016-M03 A2
3136ARTE8

2.70%
02/01/26
02/25/26

0.50 08/31/22
09/06/22 121,242.71 205,503.07135,817.11
119,705.44

98.73 119,978.44
273.00 (16,111.67) 0.22% N--
(18.16%)
--
--
AA+
Aa1
FHMS K-736 A2
3137FNWX4

2.28%
07/01/26
07/25/26

0.91 10/05/23
10/11/23 240,968.84 223,583.31233,992.93
236,302.55

98.06 236,760.79
458.24 2,309.62 0.44% N--

5.33%
--
--
AA+
Aa1
FHMS K-057 A2
3137BRQJ7

2.57%
07/01/26
07/25/26

0.89 --
-- 494,203.11 464,743.98484,195.19
485,858.64

98.31 486,917.06
1,058.42 1,663.45 0.90% Y--

4.63%
--
--
AA+
Aa1
FHMS K-058 A2
3137BSP72

2.65%
08/01/26
08/25/26

1.07 04/06/23
04/12/23 400,000.00 383,156.25393,674.98
392,621.04

98.16 393,505.37
884.33 (1,053.94) 0.73% Y--

3.98%
--
--
AA+
Aa1
Portfolio Holdings
Supporting Reports

Page 86 of 533 ends

Public Trust Advisors 11
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
FNA 2016-M12 A2
3136AUKX8

2.52%
09/01/26
09/25/26

0.83 11/20/23
11/27/23 266,427.41 270,620.13268,203.49
260,847.11

97.91 261,406.39
559.28 (7,356.38) 0.48% N--

0.00%
--
--
AA+
Aa1
FHMS K-059 A2
3137BSRE5

3.12%
09/01/26
09/25/26

1.10 11/15/23
11/20/23 275,000.00 260,465.82268,421.55
271,172.77

98.61 271,887.77
715.00 2,751.22 0.50% Y--

5.16%
--
--
AAA
Aa1
FHMS K-062 A2
3137BUX60

3.41%
12/01/26
12/25/26

1.37 --
-- 550,000.00 524,326.17536,853.94
543,336.53

98.79 544,900.82
1,564.29 6,482.59 1.01% N--

5.04%
--
--
AA+
Aa1
FHMS K-063 A2
3137BVZ82

3.43%
01/01/27
01/25/27

1.37 10/17/23
10/20/23 275,000.00 259,273.44267,165.69
271,731.79

98.81 272,517.83
786.04 4,566.10 0.50% Y--

5.40%
--
--
AA+
Aa1
FHMS K-065 A2
3137F1G44

3.24%
04/01/27
04/25/27

1.65 11/09/23
11/14/23 260,000.00 244,938.28251,665.64
255,894.89

98.42 256,597.54
702.65 4,229.25 0.47% Y--

5.11%
--
--
AA+
Aa1
FHMS K-092 A1
3137FLYU2

3.13%
06/01/28
10/25/28

1.51 10/25/23
10/30/23 171,040.84 181,876.80177,592.27
168,103.46

98.28 168,548.88
445.42 (9,488.81) 0.31% Y--

0.64%
--
--
AA+
Aa1

GSE MBS TOTAL
08/30/26
09/29/26

1.02 --
-- 3,724,021.22 $3,669,114.59$3,682,768.96
$3,669,196.22

98.53 $3,678,221.93
$9,025.70 ($13,572.74) 6.79% --

3.30%
--
--
AA+
Aa1
CORP 0.00%

JPMORGAN CHASE & CO
46625HMN7

3.90%
07/15/25
07/15/25

0.04 03/10/22
03/14/22 225,000.00 $232,026.75$225,000.00
$224,915.20

99.96 $228,961.45
$4,046.25 ($84.80) 0.42% Y--

3.90%

4.72%
--
A
A1

MORGAN STANLEY
6174468C6

4.00%
07/23/25
07/23/25

0.06 06/22/22
06/24/22 85,000.00 84,900.5584,997.98
84,920.07

99.91 86,412.29
1,492.22 (77.91) 0.16% N--

4.04%

5.38%
--
AA1

INTERNATIONAL BUSINESS

MACHINES CORP
459200KS9

4.00%
07/27/25
07/27/25

0.07 07/20/22
07/27/22 375,000.00 375,000.00375,000.00
374,834.45

99.96 381,251.12
6,416.67 (165.55) 0.70% N--

4.00%

4.51%
--
AA3

INTEL CORP
458140AS9

3.70%
07/29/25
07/29/25

0.08 01/30/23
02/01/23 200,000.00 195,476.00199,853.05
199,343.77

99.67 202,468.21
3,124.44 (509.29) 0.37% Y--

4.67%

7.68%

7.82%
BBB
Baa1

BANK OF AMERICA CORP
06051GFS3

3.88%
08/01/25
08/01/25

0.09 03/10/22
03/14/22 225,000.00 232,420.50225,196.01
224,878.44

99.95 228,511.26
3,632.81 (317.56) 0.42% N--

2.84%

4.43%
--
AA1
Portfolio Holdings
Supporting Reports

Page 87 of 533 ends

Public Trust Advisors 12
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's

COLGATE-PALMOLIVE CO
194162AM5

3.10%
08/15/25
08/15/25

0.12 08/01/22
08/09/22 55,000.00 54,949.4054,997.84
54,894.80

99.81 55,538.92
644.11 (103.04) 0.10% N--

3.13%

4.59%
--
A+
Aa3

WALMART INC
931142EW9

3.90%
09/09/25
09/09/25

0.19 09/06/22
09/09/22 150,000.00 149,895.00149,993.02
149,864.99

99.91 151,684.99
1,820.00 (128.03) 0.28% N--

3.92%

4.32%
--
AA
Aa2

COMMONWEALTH BANK

OF AUSTRALIA (NEW YORK

BRANCH)
20271RAS9

5.50%
09/12/25
09/12/25

0.20 09/07/23
09/12/23 250,000.00 250,230.00250,023.82
250,445.26
100.18
254,607.70
4,162.44 421.44 0.47% N--

5.45%

4.53%
--
AAAa2

HOME DEPOT INC
437076CR1

4.00%
09/15/25
09/15/25

0.20 09/12/22
09/19/22 55,000.00 54,980.2054,998.55
54,942.85

99.90 55,590.62
647.78 (55.70) 0.10% Y08/15/25

4.01%

4.45%

4.78%
A
A2

AMERICAN HONDA FINANCE
CORP
02665WEQ0

5.80%
10/03/25
10/03/25

0.26 10/02/23
10/04/23 175,000.00 174,837.25174,978.13
175,477.27
100.27
177,958.38
2,481.11 499.14 0.33% N--

5.85%

4.67%
--
AA3

LOCKHEED MARTIN CORP
539830BU2

4.95%
09/15/25
10/15/25

0.24 --
-- 175,000.00 174,818.55174,979.61
175,049.17
100.03
176,877.92
1,828.75 69.57 0.33% Y09/15/25

4.99%

4.80%

4.76%
AA2

UNITEDHEALTH GROUP INC
91324PEN8

5.15%
10/15/25
10/15/25

0.29 10/25/22
10/28/22 80,000.00 79,992.8079,999.09
80,134.85
100.17
81,004.63
869.78 135.77 0.15% N--

5.15%

4.52%
--
A+
A2

BRISTOL-MYERS SQUIBB CO
110122DN5

0.75%
11/13/25
11/13/25

0.36 02/22/22
02/24/22 125,000.00 118,435.00124,328.73
123,383.13

98.71 123,508.13
125.00 (945.60) 0.23% Y10/13/25

2.23%

4.30%

5.33%
A
A2

AUSTRALIA AND NEW

ZEALAND BANKING GROUP

LTD (NEW Y
05254JAA8

5.09%
12/08/25
12/08/25

0.43 11/29/22
12/08/22 250,000.00 250,000.00250,000.00
250,594.97
100.24
251,407.64
812.67 594.97 0.46% N--

5.09%

4.52%
--
AAAa2

TOYOTA MOTOR CREDIT
CORP
89236TLJ2

4.80%
01/05/26
01/05/26

0.49 01/02/24
01/05/24 175,000.00 174,865.25174,964.37
175,427.68
100.24
179,534.34
4,106.67 463.31 0.33% N--

4.84%

4.31%
--
A+
A1

CITIGROUP INC
172967KG5

3.70%
01/12/26
01/12/26

0.51 04/27/23
05/01/23 200,000.00 194,698.00198,905.38
199,283.30

99.64 202,757.19
3,473.89 377.92 0.37% N--

4.76%

4.38%
--
BBB+
A3
Portfolio Holdings
Supporting Reports

Page 88 of 533 ends

Public Trust Advisors 13
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP
63743HFH0

4.45%
02/13/26
03/13/26

0.61 02/03/23
02/09/23 125,000.00 124,536.25124,890.98
125,052.50
100.04
126,721.25
1,668.75 161.52 0.23% Y02/13/26

4.58%

4.38%

4.38%
AA2

BANK OF AMERICA CORP
06051GFX2

3.50%
04/19/26
04/19/26

0.78 05/11/23
05/16/23 175,000.00 170,066.75173,587.18
173,788.43

99.31 175,013.43
1,225.00 201.24 0.32% N--

4.54%

4.38%
--
AA1

WELLS FARGO & CO
949746RW3

3.00%
04/22/26
04/22/26

0.79 03/28/23
03/30/23 200,000.00 188,176.00196,700.74
197,794.12

98.90 198,944.12
1,150.00 1,093.38 0.37% N--

5.11%

4.39%
--
BBB+
A1

CATERPILLAR FINANCIAL

SERVICES CORP
14913UAA8

4.35%
05/15/26
05/15/26

0.85 05/08/23
05/15/23 250,000.00 249,882.50249,964.36
250,141.92
100.06
251,531.51
1,389.58 177.56 0.46% N--

4.37%

4.28%
--
A
A2

TOYOTA MOTOR CREDIT
CORP
89236TKT1

4.45%
05/18/26
05/18/26

0.85 05/15/23
05/18/23 210,000.00 209,878.20209,962.66
210,366.67
100.17
211,482.87
1,116.21 404.00 0.39% N--

4.47%

4.24%
--
A+
A1

AMERICAN HONDA FINANCE
CORP
02665WEK3

5.25%
07/07/26
07/07/26

0.96 --
-- 200,000.00 199,730.80199,905.32
201,678.95
100.84
206,753.95
5,075.00 1,773.63 0.38% N--

5.30%

4.40%
--
AA3

BANK OF NEW YORK MELLON
CORP
06406RBJ5

4.41%
07/24/26
07/24/26

0.07 --
07/26/22 250,000.00 250,554.20250,012.40
249,891.82

99.96 254,704.31
4,812.49 (120.57) 0.47% Y07/24/25

4.34%

5.74%

4.97%
A
Aa3

TRUIST FINANCIAL CORP
89788MAH5

4.26%
07/28/26
07/28/26

0.08 --
07/28/22 130,000.00 130,065.00130,001.71
129,947.66

99.96 132,301.31
2,353.65 (54.05) 0.24% Y07/28/25

4.24%

5.81%

4.70%
ABaa1

STATE STREET CORP
857477CD3

5.27%
07/04/26
08/03/26

0.96 07/31/23
08/03/23 200,000.00 200,000.00200,000.00
202,008.32
101.00
206,343.08
4,334.76 2,008.32 0.38% Y07/04/26

5.27%

4.32%

4.25%
A
Aa3

PACCAR FINANCIAL CORP
69371RS56

5.05%
08/10/26
08/10/26

1.05 08/03/23
08/10/23 125,000.00 124,937.50124,975.85
126,304.84
101.04
128,777.23
2,472.40 1,328.99 0.24% N--

5.07%

4.08%
--
A+
A1

BANK OF AMERICA NA
06428CAA2

5.53%
07/18/26
08/18/26

0.99 08/14/23
08/18/23 275,000.00 275,000.00275,000.00
278,900.20
101.42
284,514.47
5,614.26 3,900.20 0.53% Y07/18/26

5.53%

4.23%

4.13%
A+
Aa2
Portfolio Holdings
Supporting Reports

Page 89 of 533 ends

Public Trust Advisors 14
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's

HOME DEPOT INC
437076CV2

4.95%
08/30/26
09/30/26

1.12 11/27/23
12/04/23 105,000.00 104,770.05104,891.15
106,037.20
100.99
107,351.01
1,313.81 1,146.05 0.20% Y08/30/26

5.04%

4.13%

4.07%
A
A2

PEPSICO INC
713448FW3

5.13%
10/10/26
11/10/26

1.22 11/08/23
11/10/23 65,000.00 64,982.4564,991.78
65,818.95
101.26
66,290.88
471.93 827.18 0.12% Y10/10/26

5.13%

4.16%

4.10%
A+
A1

GOLDMAN SACHS GROUP
INC
38145GAH3

3.50%
11/16/26
11/16/26

1.22 08/07/23
08/09/23 200,000.00 188,710.00195,016.63
197,660.46

98.83 198,535.46
875.00 2,643.83 0.37% Y11/16/25

5.41%

4.38%

6.65%
BBB+
A2

WELLS FARGO BANK NA
94988J6F9

5.25%
11/10/26
12/11/26

1.30 12/04/23
12/11/23 375,000.00 375,000.00375,000.00
380,407.46
101.44
381,502.05
1,094.58 5,407.46 0.70% Y11/10/26

5.25%

4.21%

4.15%
A+
Aa2

JOHN DEERE CAPITAL CORP
24422EXF1

4.50%
01/08/27
01/08/27

1.43 01/02/24
01/08/24 200,000.00 199,778.00199,883.90
201,256.99
100.63
205,581.99
4,325.00 1,373.10 0.38% N--

4.54%

4.07%
--
A
A1

AUSTRALIA AND NEW

ZEALAND BANKING GROUP

LTD (NEW Y
05253JAZ4

4.75%
01/18/27
01/18/27

1.45 01/08/24
01/18/24 250,000.00 250,000.00250,000.00
252,546.28
101.02
257,923.01
5,376.74 2,546.28 0.48% N--

4.75%

4.06%
--
AAAa2

COMCAST CORP
20030NBY6

3.30%
02/01/27
02/01/27

1.46 10/31/23
11/02/23 200,000.00 186,160.00192,932.89
197,186.55

98.59 199,936.55
2,750.00 4,253.66 0.37% Y11/01/26

5.66%

4.22%

4.40%
AA3

CORP TOTAL
03/26/26
04/02/26

0.64 --
-- 6,335,000.00 $6,289,752.95$6,315,933.11
$6,345,179.54
100.17
$6,432,283.27
$87,103.73 $29,246.43 11.88% --

4.70%

4.57%

4.90%
A
A1
CD 0.00%
Toronto-Dominion Bank - New
York Branch
89115B6K1

5.60%
10/27/25
10/27/25

0.32 10/27/22
10/31/22 500,000.00 $500,000.00$500,000.00
$501,856.15
100.37
$521,222.82
$19,366.67 $1,856.15 0.96% N--

5.60%

4.31%
--
A+
Aa2
Nordea ABP - New York Branch
65558UYF3

5.53%
11/03/25
11/03/25

0.34 11/02/22
11/03/22 500,000.00 500,000.00500,000.00
501,685.70
100.34
506,217.23
4,531.53 1,685.70 0.93% N--

5.53%

4.53%
--
AAAa3
Coöperatieve Rabobank U.A.,
New York Branch
21684LGS5

5.08%
07/17/26
07/17/26

1.01 07/17/23
07/20/23 475,000.00 475,000.00475,000.00
481,600.70
101.39
492,660.28
11,059.58 6,600.70 0.91% N--

5.08%

3.73%
--
A+
Aa2
Portfolio Holdings
Supporting Reports

Page 90 of 533 ends

Public Trust Advisors 15
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
Natixis, New York Branch
63873QP65

5.61%
09/18/26
09/18/26

1.16 09/18/23
09/20/23 375,000.00 375,000.00375,000.00
381,625.50
101.77
419,089.54
37,464.04 6,625.50 0.77% N--

5.61%

3.72%
--
A+
A1

CD TOTAL
03/15/26
03/15/26

0.68 --
-- 1,850,000.00 $1,850,000.00$1,850,000.00
$1,866,768.05
100.92
$1,939,189.86
$72,421.82 $16,768.05 3.58% N--

5.45%

4.09%
--
A+
Aa3
ABS 0.00%
BACCT 2023-1 A
05522RDG0

4.79%
05/15/26
05/15/26

0.84 06/08/23
06/16/23 120,000.00 $119,972.83$119,991.93
$120,513.28
100.43
$120,768.74
$255.47 $521.35 0.22% Y--

4.85%

4.33%
--
AAA
NA
AMXCA 2023-1 A
02582JJZ4

4.87%
05/15/26
05/15/26

0.84 06/07/23
06/14/23 140,000.00 139,987.58139,995.88
140,722.53
100.52
141,025.55
303.02 726.65 0.26% Y--

4.92%

4.31%
--
AAA
NA
BMWOT 2022-A A3
05602RAD3

3.21%
09/25/25
08/25/26

0.14 05/10/22
05/18/22 11,781.45 12,066.9911,799.94
11,760.18

99.82 11,766.48

6.30 (39.76) 0.02% Y--

2.11%
--
--
AAA
Aaa
COPAR 2021-1 A3
14044CAC6

0.77%
09/15/25
09/15/26

0.04 10/19/21
10/27/21 1,916.36 2,817.401,964.65
1,913.30

99.84 1,913.95

0.66 (51.36) 0.00% Y--
(20.86%)
--
--
AAA
Aaa
TAOT 2022-B A3
89238FAD5

2.93%
11/15/25
09/15/26

0.16 04/07/22
04/13/22 21,278.62 21,689.8021,308.88
21,225.47

99.75 21,253.18

27.71 (83.41) 0.04% Y--

2.06%
--
--
AAA
Aaa
GMCAR 2021-4 A3
362554AC1

0.68%
08/16/25
09/16/26

0.04 10/13/21
10/21/21 252.04 373.34256.04
251.64

99.84 251.71

0.07 (4.40) 0.00% Y--
(22.03%)
--
--
AAA
Aaa
HART 2022-A A3
448977AD0

2.22%
08/15/25
10/15/26

0.08 03/09/22
03/16/22 9,134.84 10,006.069,166.27
9,119.60

99.83 9,128.61

9.01 (46.68) 0.02% Y--
(2.31%)
--
--
AAA
NA
BACCT 2023-2 A
05522RDH8

4.98%
11/16/26
11/16/26

1.30 12/07/23
12/14/23 170,000.00 169,977.17169,988.54
171,798.24
101.06
172,174.51
376.27 1,809.70 0.32% Y--

5.04%

4.23%
--
NA
Aaa
GMCAR 2022-1 A3
380146AC4

1.26%
08/16/25
11/16/26

0.04 01/11/22
01/19/22 3,386.86 4,317.553,419.69
3,382.06

99.86 3,383.83

1.78 (37.64) 0.01% Y--
(12.92%)
--
--
AAA
NA
ALLYA 2022-1 A3
02008JAC0

3.31%
10/15/25
11/16/26

0.14 05/10/22
05/18/22 25,336.38 28,172.9025,577.88
25,300.87

99.86 25,338.14

37.27 (277.01) 0.05% Y--
(3.34%)
--
--
AAA
Aaa
HDMOT 2022-A A3
41284YAD8

3.06%
09/15/25
02/16/27

0.09 04/12/22
04/20/22 18,091.43 22,256.7618,346.11
18,068.17

99.87 18,092.77

24.60 (277.94) 0.03% Y--
(11.95%)
--
--
AAA
Aaa
Portfolio Holdings
Supporting Reports

Page 91 of 533 ends

Public Trust Advisors 16
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
GMCAR 2022-2 A3
362585AC5

3.10%
01/16/26
02/16/27

0.24 04/05/22
04/13/22 25,217.39 25,212.1225,216.83
25,130.29

99.65 25,162.86

32.57 (86.54) 0.05% Y--

3.13%
--
--
AAA
Aaa
CARMX 2022-2 A3
14317HAC5

3.49%
12/15/25
02/16/27

0.22 04/21/22
04/28/22 33,565.30 35,985.3433,801.37
33,488.21

99.77 33,540.27

52.06 (313.16) 0.06% Y--

0.33%
--
--
AAA
Aaa
TAOT 2022-C A3
89231CAD9

3.76%
05/15/26
04/15/27

0.39 08/08/22
08/16/22 42,439.59 42,432.5042,438.45
42,312.56

99.70 42,383.48

70.92 (125.89) 0.08% Y--

3.80%
--
--
AAA
NA
CARMX 2022-3 A3
14318MAD1

3.97%
04/15/26
04/15/27

0.36 07/12/22
07/20/22 87,298.68 87,296.6287,298.35
87,108.34

99.78 87,262.37
154.03 (190.01) 0.16% Y--

4.00%
--
--
AAA
NA
GMCAR 2022-3 A3
36265WAD5

3.64%
02/16/26
04/16/27

0.26 07/06/22
07/13/22 41,960.84 41,960.5541,960.80
41,880.80

99.81 41,944.44

63.64 (80.01) 0.08% Y--

3.67%
--
--
NA
Aaa
ALLYA 2022-2 A3
02008MAC3

4.76%
04/15/26
05/17/27

0.37 10/04/22
10/12/22 144,179.16 144,177.37144,178.87
144,234.07
100.04
144,539.09
305.02 55.20 0.27% Y--

4.81%
--
--
AAA
Aaa
NAROT 2022-B A3
65480JAC4

4.46%
09/15/26
05/17/27

0.53 09/20/22
09/28/22 107,001.45 106,979.31106,996.55
106,961.07

99.96 107,173.17
212.10 (35.48) 0.20% Y--

4.51%
--
--
AAA
Aaa
HART 2022-C A3
44933DAD3

5.39%
05/15/26
06/15/27

0.41 11/01/22
11/09/22 142,830.97 142,830.28142,830.92
143,339.29
100.36
143,681.45
342.16 508.38 0.27% Y--

5.45%
--
--
AAA
NA
DCENT 2022-3 A
254683CW3

3.56%
07/15/25
07/15/27

0.04 08/02/22
08/09/22 300,000.00 299,962.77299,999.49
299,906.58

99.97 300,381.25
474.67 (92.91) 0.55% Y--

3.59%

4.34%
--
AAA
Aaa
CARMX 2022-4 A3
14318UAD3

5.34%
07/15/26
08/16/27

0.47 10/26/22
10/31/22 136,898.16 136,866.05136,891.49
137,336.16
100.32
137,661.07
324.91 444.67 0.25% Y--

5.41%
--
--
AAA
NA
MBART 2022-1 A3
58768PAC8

5.21%
08/15/26
08/16/27

0.51 11/15/22
11/22/22 158,950.56 158,919.12158,943.30
159,442.06
100.31
159,810.12
368.06 498.76 0.30% Y--

5.28%
--
--
AAA
Aaa
TAOT 2023-A A3
891940AC2

4.63%
10/15/26
09/15/27

0.56 01/24/23
01/30/23 103,518.14 103,518.09103,518.08
103,564.14
100.04
103,777.16
213.02 46.06 0.19% Y--

4.67%
--
--
AAA
NA
TAOT 2022-D A3
89239HAD0

5.30%
10/15/26
09/15/27

0.55 11/01/22
11/08/22 67,380.14 67,373.4867,378.71
67,709.73
100.49
67,868.45
158.72 331.02 0.13% Y--

5.36%
--
--
NA
Aaa
Portfolio Holdings
Supporting Reports

Page 92 of 533 ends

Public Trust Advisors 17
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
AMXCA 2022-4 A
02582JJX9

4.95%
10/15/25
10/15/27

0.28 10/27/22
11/03/22 120,000.00 119,994.05119,999.45
120,158.20
100.13
120,422.20
264.00 158.75 0.22% Y--

5.00%

4.54%
--
AAA
NA
NAROT 2023-A A3
65480WAD3

4.91%
12/15/26
11/15/27

0.63 04/18/23
04/26/23 166,466.13 166,436.72166,457.90
166,811.34
100.21
167,174.61
363.27 353.44 0.31% Y--

4.97%
--
--
NA
Aaa
HAROT 2023-2 A3
437927AC0

4.93%
01/15/27
11/15/27

0.67 05/23/23
05/30/23 141,245.93 141,223.05141,239.46
141,648.68
100.29
141,958.16
309.49 409.22 0.26% Y--

4.99%
--
--
AAA
Aaa
HDMOT 2023-A A3
41285JAD0

5.05%
09/15/26
12/15/27

0.53 02/13/23
02/23/23 100,270.17 100,260.08100,267.73
100,474.19
100.20
100,699.24
225.05 206.46 0.19% Y--

5.11%
--
--
NA
Aaa
TAOT 2023-B A3
891941AD8

4.71%
04/15/27
02/15/28

0.72 05/16/23
05/23/23 168,933.66 168,924.22168,930.76
169,241.36
100.18
169,594.99
353.63 310.60 0.31% Y--

4.76%
--
--
NA
Aaa
FORDO 2023-A A3
344928AD8

4.65%
01/15/27
02/15/28

0.65 03/28/23
03/31/23 88,768.60 88,759.3488,765.99
88,866.30
100.11
89,049.76
183.46 100.32 0.16% Y--

4.70%
--
--
AAA
NA
GMCAR 2023-2 A3
362583AD8

4.47%
01/16/27
02/16/28

0.66 04/04/23
04/12/23 99,448.19 99,445.4699,447.47
99,424.16

99.98 99,609.38
185.22 (23.31) 0.18% Y--

4.51%
--
--
AAA
Aaa
BMWOT 2023-A A3
05592XAD2

5.47%
02/25/27
02/25/28

0.70 07/11/23
07/18/23 63,955.48 63,944.1463,951.98
64,335.54
100.59
64,393.85

58.31 383.56 0.12% Y--

5.54%
--
--
AAA
NA
NAROT 2023-B A3
65480MAD5

5.93%
04/15/27
03/15/28

0.73 10/18/23
10/25/23 105,000.00 104,978.69104,992.79
105,826.81
100.79
106,103.55
276.73 834.02 0.20% Y--

6.01%
--
--
NA
Aaa
DCENT 2023-1 A
254683CY9

4.31%
03/16/26
03/15/28

0.69 04/04/23
04/11/23 300,000.00 299,982.60299,995.27
299,725.86

99.91 300,300.53
574.67 (269.41) 0.55% Y--

4.35%

4.48%
--
NA
Aaa
HART 2023-B A3
44933XAD9

5.48%
03/15/27
04/17/28

0.72 07/11/23
07/19/23 64,965.82 64,963.0164,964.92
65,382.64
100.64
65,540.87
158.23 417.73 0.12% Y--

5.54%
--
--
AAA
NA
FORDO 2023-B A3
344930AD4

5.23%
05/15/27
05/15/28

0.77 06/21/23
06/26/23 137,746.32 137,744.46137,745.66
138,499.45
100.55
138,819.63
320.18 753.79 0.26% Y--

5.29%
--
--
AAA
NA
GMCAR 2023-3 A3
36267KAD9

5.45%
06/16/27
06/16/28

0.80 07/11/23
07/19/23 67,329.85 67,327.2567,328.95
67,754.76
100.63
67,907.66
152.89 425.81 0.13% Y--

5.51%
--
--
AAA
Aaa
Portfolio Holdings
Supporting Reports

Page 93 of 533 ends

Public Trust Advisors 18
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Coupon
Effective
Maturity
Final Maturity
Duration
Trade Date
Settle Date
Par Value Original Cost
Book Value
Market Value
Market Price
MV + Accrued
Accrued Balance
Net Unrealized
Gain/Loss
% of Market
Value
Callable
Next Call Date
Book Yield
YTM
YTC
S&P
Moody's
HAROT 2023-4 A3
438123AC5

5.67%
09/21/27
06/21/28

0.94 11/01/23
11/08/23 85,000.00 84,985.0384,994.37
85,906.53
101.07
86,040.40
133.88 912.16 0.16% Y--

5.74%
--
--
NA
Aaa
FITAT 2023-1 A3
31680EAD3

5.53%
07/15/27
08/15/28

0.85 08/15/23
08/23/23 244,140.37 244,125.23244,134.75
246,047.47
100.78
246,647.51
600.04 1,912.72 0.46% Y--

5.60%
--
--
AAA
Aaa
CHAIT 2023-1 A
161571HT4

5.16%
09/15/26
09/15/28

1.15 09/07/23
09/15/23 380,000.00 379,894.66379,955.71
384,391.62
101.16
385,263.09
871.47 4,435.91 0.71% Y--

5.23%
--
--
AAA
NR

ABS TOTAL
08/29/26
10/24/27

0.65 --
-- 4,245,688.84 $4,258,139.96$4,246,442.19
$4,260,963.56
100.36
$4,269,808.11
$8,844.55 $14,521.37 7.88% Y--

4.68%

4.38%
--
AAA
Aaa
YANKEE 0.00%

NATIONAL AUSTRALIA BANK

LTD (NEW YORK BRANCH)
63253QAA2

4.97%
01/12/26
01/12/26

0.51 01/04/23
01/12/23 415,000.00 $415,000.00$415,000.00
$416,246.50
100.30
$425,921.24
$9,674.73 $1,246.50 0.79% N--

4.97%

4.39%
--
AAAa2

YANKEE TOTAL
01/12/26
01/12/26

0.51 01/04/23
01/12/23 415,000.00 $415,000.00$415,000.00
$416,246.50
100.30
$425,921.24
$9,674.73 $1,246.50 0.79% N--

4.97%

4.39%
--
AAAa2

PORTFOLIO TOTAL
01/29/26
03/06/26

0.51 --
-- 53,745,053.76 $53,603,680.70$53,677,134.99
$53,774,654.19

65.66 $54,155,192.85
$380,538.66 $97,519.20 100.00% --

4.19%

4.17%

4.79%
AA
Aa2
Portfolio Holdings
Supporting Reports

Page 94 of 533 ends

Public Trust Advisors 19
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount

PACCAR FINANCIAL CORP
69371RR73
(250,000.00) Maturity 04/07/25 04/07/25 100.000 ($250,000.00) $0.00 Maturity $250,000.00

BROWN-FORMAN CORP
115637AS9
(115,000.00) Maturity 04/15/25 04/15/25 100.000 (115,000.00) 0.00 Maturity 115,000.00

BANK OF NEW YORK MELLON CORP
06406RAN7
(260,000.00) Maturity 04/24/25 04/24/25 100.000 (260,000.00) 0.00 Maturity 260,000.00 CINTAS NO 2 CORP
17252MAP5
(175,000.00) Maturity 05/01/25 05/01/25 100.000 (175,000.00) 0.00 Maturity 175,000.00

CATERPILLAR FINANCIAL SERVICES CORP
14913R2V8
(125,000.00) Maturity 05/13/25 05/13/25 100.000 (125,000.00) 0.00 Maturity 125,000.00 COMET 2022-2 A
14041NGA3

0.00 Maturity 05/15/25 05/15/25 100.000 0.00 0.00 Maturity 0.00 DCENT 2022-2 A
254683CS2

0.00 Maturity 05/15/25 05/15/25 100.000 0.00 0.00 Maturity 0.00

UNITED STATES TREASURY
912828XB1
(1,725,000.00) Maturity 05/15/25 05/15/25 100.000 (1,725,000.00) 0.00 Maturity 1,725,000.00 AMXCA 2022-2 A
02582JJT8

0.00 Maturity 05/15/25 05/15/25 100.000 0.00 0.00 Maturity 0.00

PNC BANK NA (DELAWARE)
69353REQ7
(250,000.00) Maturity 06/01/25 06/01/25 100.000 (250,000.00) 0.00 Maturity 250,000.00

HERSHEY CO
427866BF4
(130,000.00) Maturity 06/01/25 06/01/25 100.000 (130,000.00) 0.00 Maturity 130,000.00

HONEYWELL INTERNATIONAL INC
438516CB0
(175,000.00) Maturity 06/01/25 06/01/25 100.000 (175,000.00) 0.00 Maturity 175,000.00

TRUIST FINANCIAL CORP
05531FBE2
(231,000.00) Maturity 06/05/25 06/05/25 100.000 (231,000.00) 0.00 Maturity 231,000.00

NATIONAL AUSTRALIA BANK LTD (NEW YORK

BRANCH)
63254ABD9
(255,000.00) Maturity 06/09/25 06/09/25 100.000 (255,000.00) 0.00 Maturity 255,000.00

NATIONAL RURAL UTILITIES COOPERATIVE

FINANCE CORP
63743HFE7
(100,000.00) Maturity 06/15/25 06/15/25 100.000 (100,000.00) 0.00 Maturity 100,000.00

UNITED STATES TREASURY
912828ZW3
(1,000,000.00) Maturity 06/30/25 06/30/25 100.000 (1,000,000.00) 0.00 Maturity 1,000,000.00 Maturity Total ($4,791,000.00) $0.00 $4,791,000.00
FHMS K-054 A2
3137BNGT5
(889.77) Principal
Paydown
04/01/25 04/01/25 ($889.76) ($0.01) Direct $889.76
FHMS K-053 A2
3137BN6G4
(328.53) Principal
Paydown
04/01/25 04/01/25 (328.53) 0.00 Direct 328.53
Transactions

Page 95 of 533 ends

Public Trust Advisors 20
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
FNA 2016-M12 A2
3136AUKX8
(506.30) Principal
Paydown
04/01/25 04/01/25 (506.30) 0.00 Direct 506.30
FHMS K-736 A2
3137FNWX4
(373.03) Principal
Paydown
04/01/25 04/01/25 (373.03) (0.00) Direct 373.03
FHMS K-092 A1
3137FLYU2
(3,690.53) Principal
Paydown
04/01/25 04/01/25 (3,690.53) (0.00) Direct 3,690.53
FNA 2016-M03 A2
3136ARTE8
(192.88) Principal
Paydown
04/01/25 04/01/25 (192.89) 0.01 Direct 192.89
FHMS K-057 A2
3137BRQJ7
(632.21) Principal
Paydown
04/01/25 04/01/25 (632.21) 0.00 Direct 632.21
CARMX 2022-4 A3
14318UAD3
(14,875.02) Principal
Paydown
04/15/25 04/15/25 (14,875.02) 0.00 Direct 14,875.02
HART 2022-A A3
448977AD0
(6,263.92) Principal
Paydown
04/15/25 04/15/25 (6,263.92) (0.00) Direct 6,263.92
CARMX 2021-3 A3
14317DAC4
(8,133.78) Principal
Paydown
04/15/25 04/15/25 (8,133.78) (0.00) Direct 8,133.78
TAOT 2022-C A3
89231CAD9
(5,390.86) Principal
Paydown
04/15/25 04/15/25 (5,390.86) (0.00) Direct 5,390.86
NAROT 2023-A A3
65480WAD3
(16,222.26) Principal
Paydown
04/15/25 04/15/25 (16,222.26) (0.00) Direct 16,222.26
WOART 2021-D A3
98163KAC6
(6,454.98) Principal
Paydown
04/15/25 04/15/25 (6,454.99) 0.01 Direct 6,454.99
HDMOT 2022-A A3
41284YAD8
(10,225.18) Principal
Paydown
04/15/25 04/15/25 (10,225.17) (0.01) Direct 10,225.17
CARMX 2022-2 A3
14317HAC5
(7,636.79) Principal
Paydown
04/15/25 04/15/25 (7,636.79) (0.00) Direct 7,636.79
FORDO 2023-A A3
344928AD8
(7,606.38) Principal
Paydown
04/15/25 04/15/25 (7,606.38) (0.00) Direct 7,606.38
HART 2023-B A3
44933XAD9
(285.25) Principal
Paydown
04/15/25 04/15/25 (285.25) 0.00 Direct 285.25
ALLYA 2022-1 A3
02008JAC0
(9,818.94) Principal
Paydown
04/15/25 04/15/25 (9,818.94) 0.00 Direct 9,818.94
HART 2022-C A3
44933DAD3
(18,776.55) Principal
Paydown
04/15/25 04/15/25 (18,776.56) 0.01 Direct 18,776.56
TAOT 2023-A A3
891940AC2
(9,238.53) Principal
Paydown
04/15/25 04/15/25 (9,238.53) 0.00 Direct 9,238.53
FORDO 2022-A A3
345286AC2
(4,316.54) Principal
Paydown
04/15/25 04/15/25 (4,316.54) (0.00) Direct 4,316.54
Transactions

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Public Trust Advisors 21
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
ALLYA 2022-2 A3
02008MAC3
(22,382.49) Principal
Paydown
04/15/25 04/15/25 (22,382.49) 0.00 Direct 22,382.49
TAOT 2022-B A3
89238FAD5
(6,337.98) Principal
Paydown
04/15/25 04/15/25 (6,337.98) (0.00) Direct 6,337.98
CARMX 2022-3 A3
14318MAD1
(12,843.42) Principal
Paydown
04/15/25 04/15/25 (12,843.42) 0.00 Direct 12,843.42
HDMOT 2023-A A3
41285JAD0
(9,995.94) Principal
Paydown
04/15/25 04/15/25 (9,995.94) (0.00) Direct 9,995.94
COPAR 2021-1 A3
14044CAC6
(5,462.65) Principal
Paydown
04/15/25 04/15/25 (5,462.65) 0.00 Direct 5,462.65
TAOT 2022-D A3
89239HAD0
(6,028.07) Principal
Paydown
04/15/25 04/15/25 (6,028.07) 0.00 Direct 6,028.07
MBART 2022-1 A3
58768PAC8
(19,047.34) Principal
Paydown
04/15/25 04/15/25 (19,047.34) (0.00) Direct 19,047.34
TAOT 2023-B A3
891941AD8
(7,899.97) Principal
Paydown
04/15/25 04/15/25 (7,899.97) 0.00 Direct 7,899.97
NAROT 2022-B A3
65480JAC4
(11,644.00) Principal
Paydown
04/15/25 04/15/25 (11,644.00) 0.00 Direct 11,644.00
GMCAR 2022-1 A3
380146AC4
(4,575.74) Principal
Paydown
04/16/25 04/16/25 (4,575.74) (0.00) Direct 4,575.74
GMCAR 2022-2 A3
362585AC5
(5,397.63) Principal
Paydown
04/16/25 04/16/25 (5,397.63) 0.00 Direct 5,397.63
GMCAR 2021-4 A3
362554AC1
(3,582.87) Principal
Paydown
04/16/25 04/16/25 (3,582.87) (0.00) Direct 3,582.87
GMCAR 2022-3 A3
36265WAD5
(8,517.72) Principal
Paydown
04/16/25 04/16/25 (8,517.72) 0.00 Direct 8,517.72
GMCAR 2023-2 A3
362583AD8
(9,036.95) Principal
Paydown
04/16/25 04/16/25 (9,036.95) 0.00 Direct 9,036.95
HAROT 2021-4 A3
43815GAC3
(5,232.37) Principal
Paydown
04/21/25 04/21/25 (5,232.36) (0.01) Direct 5,232.36
BMWOT 2022-A A3
05602RAD3
(5,346.59) Principal
Paydown
04/25/25 04/25/25 (5,346.59) (0.00) Direct 5,346.59
BMWOT 2023-A A3
05592XAD2
(5,567.60) Principal
Paydown
04/25/25 04/25/25 (5,567.60) 0.00 Direct 5,567.60
FNA 2016-M03 A2
3136ARTE8
(206.89) Principal
Paydown
05/01/25 05/01/25 (206.88) (0.01) Direct 206.88
FHMS K-092 A1
3137FLYU2
(4,211.59) Principal
Paydown
05/01/25 05/01/25 (4,211.59) (0.00) Direct 4,211.59
Transactions

Page 97 of 533 ends

Public Trust Advisors 22
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
FHMS K-057 A2
3137BRQJ7
(962.16) Principal
Paydown
05/01/25 05/01/25 (962.16) (0.00) Direct 962.16
FHMS K-054 A2
3137BNGT5
(11,558.22) Principal
Paydown
05/01/25 05/01/25 (11,558.22) 0.01 Direct 11,558.22
FHMS K-736 A2
3137FNWX4
(1,483.25) Principal
Paydown
05/01/25 05/01/25 (1,483.25) (0.00) Direct 1,483.25
FHMS K-053 A2
3137BN6G4
(15,655.74) Principal
Paydown
05/01/25 05/01/25 (15,655.74) 0.00 Direct 15,655.74
FNA 2016-M12 A2
3136AUKX8
(567.00) Principal
Paydown
05/01/25 05/01/25 (567.00) 0.00 Direct 567.00
FITAT 2023-1 A3
31680EAD3
(4,973.77) Principal
Paydown
05/15/25 05/15/25 (4,973.77) (0.00) Direct 4,973.77
HART 2022-C A3
44933DAD3
(18,557.64) Principal
Paydown
05/15/25 05/15/25 (18,557.64) (0.00) Direct 18,557.64
HART 2022-A A3
448977AD0
(5,800.50) Principal
Paydown
05/15/25 05/15/25 (5,800.50) 0.00 Direct 5,800.50
NAROT 2022-B A3
65480JAC4
(11,079.56) Principal
Paydown
05/15/25 05/15/25 (11,079.56) 0.00 Direct 11,079.56
HART 2023-B A3
44933XAD9
(4,886.82) Principal
Paydown
05/15/25 05/15/25 (4,886.82) (0.00) Direct 4,886.82
FORDO 2022-A A3
345286AC2
(4,334.63) Principal
Paydown
05/15/25 05/15/25 (4,334.63) 0.00 Direct 4,334.63
CARMX 2022-2 A3
14317HAC5
(7,407.98) Principal
Paydown
05/15/25 05/15/25 (7,407.98) 0.00 Direct 7,407.98
COMET 2022-2 A
14041NGA3
(335,000.00) Principal
Paydown
05/15/25 05/15/25 (335,000.00) 0.00 Direct 335,000.00
MBART 2022-1 A3
58768PAC8
(17,702.15) Principal
Paydown
05/15/25 05/15/25 (17,702.15) (0.00) Direct 17,702.15
WOART 2021-D A3
98163KAC6
(6,263.35) Principal
Paydown
05/15/25 05/15/25 (6,263.35) 0.00 Direct 6,263.35
CARMX 2022-4 A3
14318UAD3
(14,164.78) Principal
Paydown
05/15/25 05/15/25 (14,164.78) (0.00) Direct 14,164.78
AMXCA 2022-2 A
02582JJT8
(370,000.00) Principal
Paydown
05/15/25 05/15/25 (370,000.00) 0.00 Direct 370,000.00
TAOT 2022-B A3
89238FAD5
(6,138.70) Principal
Paydown
05/15/25 05/15/25 (6,138.70) 0.00 Direct 6,138.70
HAROT 2023-2 A3
437927AC0
(8,148.02) Principal
Paydown
05/15/25 05/15/25 (8,148.02) (0.00) Direct 8,148.02
Transactions

Page 98 of 533 ends

Public Trust Advisors 23
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
HDMOT 2022-A A3
41284YAD8
(9,570.45) Principal
Paydown
05/15/25 05/15/25 (9,570.45) 0.00 Direct 9,570.45
HDMOT 2023-A A3
41285JAD0
(9,912.32) Principal
Paydown
05/15/25 05/15/25 (9,912.32) 0.00 Direct 9,912.32
TAOT 2023-B A3
891941AD8
(11,866.30) Principal
Paydown
05/15/25 05/15/25 (11,866.30) 0.00 Direct 11,866.30
ALLYA 2022-2 A3
02008MAC3
(21,289.70) Principal
Paydown
05/15/25 05/15/25 (21,289.70) (0.00) Direct 21,289.70
TAOT 2022-C A3
89231CAD9
(5,235.24) Principal
Paydown
05/15/25 05/15/25 (5,235.24) 0.00 Direct 5,235.24
ALLYA 2022-1 A3
02008JAC0
(9,069.51) Principal
Paydown
05/15/25 05/15/25 (9,069.51) 0.00 Direct 9,069.51
DCENT 2022-2 A
254683CS2
(270,000.00) Principal
Paydown
05/15/25 05/15/25 (270,000.00) 0.00 Direct 270,000.00
NAROT 2023-A A3
65480WAD3
(15,171.36) Principal
Paydown
05/15/25 05/15/25 (15,171.36) (0.00) Direct 15,171.36
FORDO 2023-A A3
344928AD8
(7,368.52) Principal
Paydown
05/15/25 05/15/25 (7,368.51) (0.01) Direct 7,368.51
TAOT 2023-A A3
891940AC2
(8,702.01) Principal
Paydown
05/15/25 05/15/25 (8,702.01) 0.00 Direct 8,702.01
COPAR 2021-1 A3
14044CAC6
(5,037.27) Principal
Paydown
05/15/25 05/15/25 (5,037.27) 0.00 Direct 5,037.27
CARMX 2021-3 A3
14317DAC4
(5,398.48) Principal
Paydown
05/15/25 05/15/25 (5,398.48) 0.00 Direct 5,398.48
FORDO 2023-B A3
344930AD4
(2,149.07) Principal
Paydown
05/15/25 05/15/25 (2,149.07) 0.00 Direct 2,149.07
TAOT 2022-D A3
89239HAD0
(5,717.46) Principal
Paydown
05/15/25 05/15/25 (5,717.46) 0.00 Direct 5,717.46
CARMX 2022-3 A3
14318MAD1
(12,266.31) Principal
Paydown
05/15/25 05/15/25 (12,266.31) 0.00 Direct 12,266.31
GMCAR 2022-2 A3
362585AC5
(5,269.58) Principal
Paydown
05/16/25 05/16/25 (5,269.58) 0.00 Direct 5,269.58
GMCAR 2022-1 A3
380146AC4
(4,173.40) Principal
Paydown
05/16/25 05/16/25 (4,173.40) 0.00 Direct 4,173.40
GMCAR 2023-3 A3
36267KAD9
(3,394.89) Principal
Paydown
05/16/25 05/16/25 (3,394.89) 0.00 Direct 3,394.89
GMCAR 2023-2 A3
362583AD8
(8,636.83) Principal
Paydown
05/16/25 05/16/25 (8,636.83) (0.00) Direct 8,636.83
Transactions

Page 99 of 533 ends

Public Trust Advisors 24
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
GMCAR 2022-3 A3
36265WAD5
(8,072.34) Principal
Paydown
05/16/25 05/16/25 (8,072.34) (0.00) Direct 8,072.34
GMCAR 2021-4 A3
362554AC1
(3,291.43) Principal
Paydown
05/16/25 05/16/25 (3,291.43) (0.00) Direct 3,291.43
HAROT 2021-4 A3
43815GAC3
(2,699.83) Principal
Paydown
05/21/25 05/21/25 (2,699.84) 0.01 Direct 2,699.84
BMWOT 2023-A A3
05592XAD2
(5,478.49) Principal
Paydown
05/25/25 05/25/25 (5,478.49) 0.00 Direct 5,478.49
BMWOT 2022-A A3
05602RAD3
(5,170.94) Principal
Paydown
05/25/25 05/25/25 (5,170.94) (0.00) Direct 5,170.94
FNA 2016-M03 A2
3136ARTE8
(194.47) Principal
Paydown
06/01/25 06/01/25 (194.47) 0.00 Direct 194.47
FHMS K-057 A2
3137BRQJ7
(24,202.52) Principal
Paydown
06/01/25 06/01/25 (24,202.52) (0.00) Direct 24,202.52
FHMS K-092 A1
3137FLYU2
(3,867.37) Principal
Paydown
06/01/25 06/01/25 (3,867.37) 0.00 Direct 3,867.37
FHMS K-054 A2
3137BNGT5
(9,393.21) Principal
Paydown
06/01/25 06/01/25 (9,393.21) 0.00 Direct 9,393.21
FNA 2016-M12 A2
3136AUKX8
(507.76) Principal
Paydown
06/01/25 06/01/25 (507.76) 0.00 Direct 507.76
FHMS K-053 A2
3137BN6G4
(811.69) Principal
Paydown
06/01/25 06/01/25 (811.69) (0.00) Direct 811.69
FHMS K-736 A2
3137FNWX4
(374.02) Principal
Paydown
06/01/25 06/01/25 (374.02) (0.00) Direct 374.02
CARMX 2022-4 A3
14318UAD3
(14,082.06) Principal
Paydown
06/15/25 06/15/25 (14,082.06) (0.00) Direct 14,082.06
ALLYA 2022-2 A3
02008MAC3
(20,588.53) Principal
Paydown
06/15/25 06/15/25 (20,588.53) 0.00 Direct 20,588.53
FITAT 2023-1 A3
31680EAD3
(15,885.86) Principal
Paydown
06/15/25 06/15/25 (15,885.86) 0.00 Direct 15,885.86
CARMX 2022-2 A3
14317HAC5
(7,025.57) Principal
Paydown
06/15/25 06/15/25 (7,025.57) 0.00 Direct 7,025.57
HART 2023-B A3
44933XAD9
(4,862.11) Principal
Paydown
06/15/25 06/15/25 (4,862.11) 0.00 Direct 4,862.11
TAOT 2023-B A3
891941AD8
(11,300.07) Principal
Paydown
06/15/25 06/15/25 (11,300.07) (0.00) Direct 11,300.07
HART 2022-A A3
448977AD0
(5,598.56) Principal
Paydown
06/15/25 06/15/25 (5,598.56) 0.00 Direct 5,598.56
Transactions

Page 100 of 533 ends

Public Trust Advisors 25
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
CARMX 2022-3 A3
14318MAD1
(11,510.66) Principal
Paydown
06/15/25 06/15/25 (11,510.66) (0.00) Direct 11,510.66
TAOT 2022-D A3
89239HAD0
(5,626.24) Principal
Paydown
06/15/25 06/15/25 (5,626.24) 0.00 Direct 5,626.24
HDMOT 2023-A A3
41285JAD0
(9,924.71) Principal
Paydown
06/15/25 06/15/25 (9,924.71) (0.00) Direct 9,924.71
HART 2022-C A3
44933DAD3
(17,862.72) Principal
Paydown
06/15/25 06/15/25 (17,862.72) 0.00 Direct 17,862.72
ALLYA 2022-1 A3
02008JAC0
(8,825.61) Principal
Paydown
06/15/25 06/15/25 (8,825.61) (0.00) Direct 8,825.61
MBART 2022-1 A3
58768PAC8
(17,198.28) Principal
Paydown
06/15/25 06/15/25 (17,198.28) (0.00) Direct 17,198.28
FORDO 2023-B A3
344930AD4
(10,104.62) Principal
Paydown
06/15/25 06/15/25 (10,104.62) 0.00 Direct 10,104.62
HDMOT 2022-A A3
41284YAD8
(9,517.28) Principal
Paydown
06/15/25 06/15/25 (9,517.28) 0.00 Direct 9,517.28
FORDO 2022-A A3
345286AC2
(3,333.94) Principal
Paydown
06/15/25 06/15/25 (3,333.93) (0.01) Direct 3,333.93
COPAR 2021-1 A3
14044CAC6
(4,667.66) Principal
Paydown
06/15/25 06/15/25 (4,667.66) (0.00) Direct 4,667.66
FORDO 2023-A A3
344928AD8
(7,297.19) Principal
Paydown
06/15/25 06/15/25 (7,297.19) 0.00 Direct 7,297.19
NAROT 2022-B A3
65480JAC4
(10,611.64) Principal
Paydown
06/15/25 06/15/25 (10,611.64) (0.00) Direct 10,611.64
TAOT 2022-B A3
89238FAD5
(5,654.40) Principal
Paydown
06/15/25 06/15/25 (5,654.40) (0.00) Direct 5,654.40
WOART 2021-D A3
98163KAC6
(1,258.97) Principal
Paydown
06/15/25 06/15/25 (1,258.97) (0.00) Direct 1,258.97
TAOT 2022-C A3
89231CAD9
(5,005.62) Principal
Paydown
06/15/25 06/15/25 (5,005.62) (0.00) Direct 5,005.62
TAOT 2023-A A3
891940AC2
(8,625.27) Principal
Paydown
06/15/25 06/15/25 (8,625.27) (0.00) Direct 8,625.27
NAROT 2023-A A3
65480WAD3
(14,509.89) Principal
Paydown
06/15/25 06/15/25 (14,509.89) 0.00 Direct 14,509.89
HAROT 2023-2 A3
437927AC0
(10,606.05) Principal
Paydown
06/15/25 06/15/25 (10,606.05) 0.00 Direct 10,606.05
GMCAR 2021-4 A3
362554AC1
(3,185.66) Principal
Paydown
06/16/25 06/16/25 (3,185.66) 0.00 Direct 3,185.66
Transactions

Page 101 of 533 ends

Public Trust Advisors 26
04/01/2025 to 06/30/2025
City of Los Altos
Description
Identifier
Current Units Type Trade Date Settle Date Price Principal Realized Gain/Loss
Broker Amount
GMCAR 2022-1 A3
380146AC4
(4,022.05) Principal
Paydown
06/16/25 06/16/25 (4,022.05) (0.00) Direct 4,022.05
GMCAR 2023-3 A3
36267KAD9
(4,275.27) Principal
Paydown
06/16/25 06/16/25 (4,275.27) 0.00 Direct 4,275.27
GMCAR 2022-3 A3
36265WAD5
(7,939.29) Principal
Paydown
06/16/25 06/16/25 (7,939.29) (0.00) Direct 7,939.29
GMCAR 2022-2 A3
362585AC5
(5,197.48) Principal
Paydown
06/16/25 06/16/25 (5,197.49) 0.01 Direct 5,197.49
GMCAR 2023-2 A3
362583AD8
(8,460.23) Principal
Paydown
06/16/25 06/16/25 (8,460.23) (0.00) Direct 8,460.23
BMWOT 2023-A A3
05592XAD2
(5,233.22) Principal
Paydown
06/25/25 06/25/25 (5,233.22) 0.00 Direct 5,233.22
BMWOT 2022-A A3
05602RAD3
(4,783.02) Principal
Paydown
06/25/25 06/25/25 (4,783.02) (0.00) Direct 4,783.02
Principal Paydown Total ($1,898,732.80) $0.02 $1,898,732.80 Transactions

Page 102 of 533 ends

Public Trust Advisors 27
04/01/2025 to 06/30/2025
City of Los Altos
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
ALLYA 2022-1 A3
02008JAC0
11/16/26 25,336.38 $319.04 $0.01
($0.00)
$0.00 ($698.28) $0.00 ($379.24) $359.81
$0.00
ALLYA 2022-2 A3
02008MAC3
05/17/27 144,179.16 2,082.47 0.01
(0.00)

0.24 0.00 0.00 2,082.72 2,218.42

0.00 AMXCA 2022-2 A
02582JJT8
05/15/25 0.00 1,533.03 0.00

0.00 3.50 0.00 0.00 1,536.54 2,090.50

0.00 AMXCA 2022-4 A
02582JJX9
10/15/27 120,000.00 1,485.00 0.00

0.00 0.54 0.00 0.00 1,485.54 1,485.00

0.00 AMXCA 2023-1 A
02582JJZ4
05/15/26 140,000.00 1,704.51 0.00

0.00 0.97 0.00 0.00 1,705.48 1,704.51

0.00 AMERICAN HONDA FINANCE CORP
02665WEK3
07/07/26 50,000.00 656.25 0.00

0.00 0.00 (21.85) 0.00 634.40 0.00

0.00 AMERICAN HONDA FINANCE CORP
02665WEK3
07/07/26 85,000.00 1,115.63 0.00

0.00 8.86 0.00 0.00 1,124.49 0.00

0.00 AMERICAN HONDA FINANCE CORP
02665WEK3
07/07/26 65,000.00 853.13 0.00

0.00 35.43 0.00 0.00 888.55 0.00

0.00 AMERICAN HONDA FINANCE CORP
02665WEQ0
10/03/25 175,000.00 2,537.50 0.00

0.00 21.16 0.00 0.00 2,558.66 5,075.00

0.00 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
(NEW Y
05253JAZ4
01/18/27 250,000.00 2,968.75 0.00

0.00 0.00 0.00 0.00 2,968.75 0.00

0.00 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD
(NEW Y
05254JAA8
12/08/25 250,000.00 3,180.00 0.00

0.00 0.00 0.00 0.00 3,180.00 6,360.00

0.00 BACCT 2023-1 A
05522RDG0
05/15/26 120,000.00 1,437.00 0.00

0.00 2.22 0.00 0.00 1,439.22 1,437.00

0.00 BACCT 2023-2 A
05522RDH8
11/16/26 170,000.00 2,116.50 0.00

0.00 1.69 0.00 0.00 2,118.19 2,116.50

0.00 TRUIST FINANCIAL CORP
05531FBE2
06/05/25 0.00 1,519.47 0.00

0.00 0.00 (353.08) 0.00 1,166.38 4,273.50

0.00 BMWOT 2023-A A3
05592XAD2
02/25/28 63,955.48 1,006.65 0.01

0.00 1.43 0.00 0.00 1,008.08 1,021.49

0.00 BMWOT 2022-A A3
05602RAD3
08/25/26 11,781.45 166.70 0.00
(0.00)

0.00 (58.73) 0.00 107.97 174.89

0.00 BANK OF AMERICA CORP
06051GFS3
08/01/25 225,000.00 2,179.69 0.00

0.00 0.00 (575.37) 0.00 1,604.32 0.00

0.00 BANK OF AMERICA CORP
06051GFX2
04/19/26 175,000.00 1,531.25 0.00

0.00 431.22 0.00 0.00 1,962.47 3,062.50

0.00

Page 103 of 533 ends

Public Trust Advisors 28
04/01/2025 to 06/30/2025
City of Los Altos
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

BANK OF NEW YORK MELLON CORP
06406RAN7
04/24/25 0.00 138.00 0.00

0.00 0.00 0.00 0.00 138.00 1,080.00

0.00 BANK OF NEW YORK MELLON CORP
06406RAN7
04/24/25 0.00 127.78 0.00

0.00 63.12 0.00 0.00 190.90 1,000.00

0.00 BANK OF NEW YORK MELLON CORP
06406RBJ5
07/24/26 170,000.00 1,875.95 0.00

0.00 0.00 (49.05) 0.00 1,826.90 0.00

0.00 BANK OF NEW YORK MELLON CORP
06406RBJ5
07/24/26 80,000.00 882.80 0.00

0.00 0.00 0.00 0.00 882.80 0.00

0.00 BANK OF AMERICA NA
06428CAA2
08/18/26 275,000.00 3,799.13 0.00

0.00 0.00 0.00 0.00 3,799.13 0.00

0.00 BRISTOL-MYERS SQUIBB CO
110122DN5
11/13/25 125,000.00 234.38 0.00

0.00 453.60 0.00 0.00 687.98 468.75

0.00 BROWN-FORMAN CORP
115637AS9
04/15/25 0.00 156.53 0.00

0.00 0.00 0.00 0.00 156.53 2,012.50

0.00 COMET 2022-2 A
14041NGA3
05/15/25 0.00 1,428.96 0.00

0.00 2.18 0.00 0.00 1,431.14 1,948.58

0.00 COPAR 2021-1 A3
14044CAC6
09/15/26 1,916.36 17.45 0.00
(0.00)

0.00 (897.72) 0.00 (880.27) 22.64

0.00 CARMX 2021-3 A3
14317DAC4
06/15/26 0.00 5.36 0.00
(0.00)

0.00 (361.60) 0.00 (356.24) 8.67

0.00 CARMX 2022-2 A3
14317HAC5
02/16/27 33,565.30 385.23 0.00
(0.00)

0.00 (352.19) 0.00 33.04 419.46

0.00 CARMX 2022-3 A3
14318MAD1
04/15/27 87,298.68 1,039.73 0.00
(0.00)

0.27 0.00 0.00 1,040.00 1,104.34

0.00 CARMX 2022-4 A3
14318UAD3
08/16/27 136,898.16 2,105.51 0.00
(0.00)

3.92 0.00 0.00 2,109.42 2,207.85

0.00 CATERPILLAR FINANCIAL SERVICES CORP
14913R2V8
05/13/25 0.00 376.83 0.00

0.00 4.87 0.00 0.00 381.70 1,615.00

0.00 CATERPILLAR FINANCIAL SERVICES CORP
14913R2V8
05/13/25 0.00 119.00 0.00

0.00 0.12 0.00 0.00 119.12 510.00

0.00 CATERPILLAR FINANCIAL SERVICES CORP
14913UAA8
05/15/26 250,000.00 2,718.75 0.00

0.00 9.95 0.00 0.00 2,728.70 5,437.50

0.00 CHAIT 2023-1 A
161571HT4
09/15/28 380,000.00 4,902.00 0.00

0.00 8.80 0.00 0.00 4,910.80 4,902.00

0.00 CINTAS NO 2 CORP
17252MAP5
05/01/25 0.00 301.88 0.00

0.00 0.67 0.00 0.00 302.54 1,811.25

0.00 CINTAS NO 2 CORP
17252MAP5
05/01/25 0.00 201.25 0.00

0.00 5.94 0.00 0.00 207.19 1,207.50

0.00

Page 104 of 533 ends

Public Trust Advisors 29
04/01/2025 to 06/30/2025
City of Los Altos
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

CITIGROUP INC
172967KG5
01/12/26 200,000.00 1,850.00 0.00

0.00 507.42 0.00 0.00 2,357.42 0.00

0.00 COLGATE-PALMOLIVE CO
194162AM5
08/15/25 55,000.00 426.25 0.00

0.00 4.36 0.00 0.00 430.61 0.00

0.00 COMCAST CORP
20030NBY6
02/01/27 200,000.00 1,650.00 0.00

0.00 1,062.40 0.00 0.00 2,712.40 0.00

0.00 COMMONWEALTH BANK OF AUSTRALIA (NEW YORK

BRANCH)
20271RAS9
09/12/25 250,000.00 3,436.88 0.00

0.00 0.00 (29.70) 0.00 3,407.18 0.00

0.00 Coöperatieve Rabobank U.A., New York Branch
21684LGS5
07/17/26 475,000.00 6,099.53 0.00

0.00 0.00 0.00 0.00 6,099.53 0.00

0.00 JOHN DEERE CAPITAL CORP
24422EXF1
01/08/27 200,000.00 2,250.00 0.00

0.00 18.37 0.00 0.00 2,268.37 0.00

0.00 DCENT 2022-2 A
254683CS2
05/15/25 0.00 1,095.60 0.00

0.00 0.95 0.00 0.00 1,096.55 1,494.00

0.00 DCENT 2022-3 A
254683CW3
07/15/27 300,000.00 2,670.00 0.00

0.00 3.36 0.00 0.00 2,673.36 2,670.00

0.00 DCENT 2023-1 A
254683CY9
03/15/28 300,000.00 3,232.50 0.00

0.00 1.35 0.00 0.00 3,233.85 3,232.50

0.00 FNA 2016-M03 A2
3136ARTE8
02/25/26 121,242.71 820.34 0.01
(0.01)

0.00 (6,270.37) 0.00 (5,450.02) 821.68

0.00 FNA 2016-M12 A2
3136AUKX8
09/25/26 266,427.41 1,681.43 0.01

0.00 0.00 (391.30) 0.00 1,290.14 1,666.66

0.00 FHMS K-053 A2
3137BN6G4
12/25/25 221,246.20 1,699.70 0.00
(0.00)
206.11 0.00 0.00 1,905.81 1,741.62

0.00 FHMS K-054 A2
3137BNGT5
01/25/26 246,890.66 1,732.47 0.00
(0.00)
984.59 0.00 0.00 2,717.06 1,759.95

0.00 FHMS K-054 A2
3137BNGT5
01/25/26 202,001.45 1,417.47 0.00
(0.00)
664.77 0.00 0.00 2,082.24 1,439.96

0.00 FHMS K-057 A2
3137BRQJ7
07/25/26 247,101.56 1,640.49 0.00
(0.00)
989.00 0.00 0.00 2,629.49 1,668.12

0.00 FHMS K-057 A2
3137BRQJ7
07/25/26 247,101.56 1,640.49 0.00
(0.00)
1,334.16 0.00 0.00 2,974.65 1,668.12

0.00 FHMS K-058 A2
3137BSP72
08/25/26 400,000.00 2,652.99 0.00

0.00 1,232.22 0.00 0.00 3,885.21 2,652.99

0.00 FHMS K-059 A2
3137BSRE5
09/25/26 275,000.00 2,145.00 0.00

0.00 1,254.21 0.00 0.00 3,399.21 2,145.00

0.00 FHMS K-062 A2
3137BUX60
12/25/26 275,000.00 2,346.45 0.00

0.00 1,022.12 0.00 0.00 3,368.57 2,346.45

0.00

Page 105 of 533 ends

Public Trust Advisors 30
04/01/2025 to 06/30/2025
City of Los Altos
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due
FHMS K-062 A2
3137BUX60
12/25/26 275,000.00 2,346.45 0.00

0.00 976.14 0.00 0.00 3,322.59 2,346.45

0.00 FHMS K-063 A2
3137BVZ82
01/25/27 275,000.00 2,358.12 0.00

0.00 1,209.60 0.00 0.00 3,567.72 2,358.12

0.00 FHMS K-065 A2
3137F1G44
04/25/27 260,000.00 2,107.95 0.00

0.00 1,071.14 0.00 0.00 3,179.09 2,107.95

0.00 FHMS K-092 A1
3137FLYU2
10/25/28 171,040.84 1,367.37 0.00
(0.01)

0.00 (978.78) 0.00 388.58 1,398.02

0.00 FHMS K-736 A2
3137FNWX4
07/25/26 240,968.84 1,383.97 0.00
(0.01)
1,741.46 0.00 0.00 3,125.42 1,388.21

0.00 FITAT 2023-1 A3
31680EAD3
08/15/28 244,140.37 3,589.44 0.00
(0.00)

1.52 0.00 0.00 3,590.96 3,640.71

0.00 FORDO 2023-A A3
344928AD8
02/15/28 88,768.60 1,157.31 0.00
(0.01)

1.10 0.00 0.00 1,158.40 1,203.34

0.00 FORDO 2023-B A3
344930AD4
05/15/28 137,746.32 1,923.40 0.01

0.00 0.20 0.00 0.00 1,923.61 1,951.88

0.00 FORDO 2022-A A3
345286AC2
06/15/26 0.00 17.83 0.00
(0.01)

0.00 (314.80) 0.00 (296.98) 24.70

0.00 GMCAR 2021-4 A3
362554AC1
09/16/26 252.04 8.75 0.00
(0.00)

0.00 (483.74) 0.00 (474.99) 11.60

0.00 GMCAR 2023-2 A3
362583AD8
02/16/28 99,448.19 1,255.21 0.00
(0.00)

0.32 0.00 0.00 1,255.53 1,303.88

0.00 GMCAR 2022-2 A3
362585AC5
02/16/27 25,217.39 256.40 0.01

0.00 0.72 0.00 0.00 257.12 276.89

0.00 GMCAR 2022-3 A3
36265WAD5
04/16/27 41,960.84 491.70 0.00
(0.01)

0.04 0.00 0.00 491.73 528.90

0.00 GMCAR 2023-3 A3
36267KAD9
06/16/28 67,329.85 989.05 0.01

0.00 0.26 0.00 0.00 989.32 1,006.47

0.00 GMCAR 2022-1 A3
380146AC4
11/16/26 3,386.86 30.21 0.00
(0.00)

0.00 (433.65) 0.00 (403.45) 36.91

0.00 GOLDMAN SACHS GROUP INC
38145GAH3
11/16/26 200,000.00 1,750.00 0.00

0.00 865.94 0.00 0.00 2,615.94 3,500.00

0.00 HDMOT 2022-A A3
41284YAD8
02/16/27 18,091.43 246.22 0.00
(0.01)

0.00 (1,211.68) 0.00 (965.46) 286.09

0.00 HDMOT 2023-A A3
41285JAD0
12/15/27 100,270.17 1,449.75 0.00
(0.01)

1.25 0.00 0.00 1,451.00 1,516.71

0.00 HERSHEY CO
427866BF4
06/01/25 0.00 195.00 0.00

0.00 275.84 0.00 0.00 470.84 585.00

0.00

Page 106 of 533 ends

Public Trust Advisors 31
04/01/2025 to 06/30/2025
City of Los Altos
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

HOME DEPOT INC
437076CR1
09/15/25 55,000.00 550.00 0.00

0.00 1.74 0.00 0.00 551.74 0.00

0.00 HOME DEPOT INC
437076CV2
09/30/26 105,000.00 1,299.38 0.00

0.00 20.94 0.00 0.00 1,320.32 0.00

0.00 HAROT 2023-2 A3
437927AC0
11/15/27 141,245.93 1,897.43 0.00
(0.00)

2.35 0.00 0.00 1,899.78 1,938.52

0.00 HAROT 2023-4 A3
438123AC5
06/21/28 85,000.00 1,204.89 0.00

0.00 1.41 0.00 0.00 1,206.30 1,204.89

0.00 HAROT 2021-4 A3
43815GAC3
01/21/26 0.00 5.86 0.01
(0.01)

0.00 (135.63) 0.00 (129.77) 7.80

0.00 HONEYWELL INTERNATIONAL INC
438516CB0
06/01/25 0.00 393.75 0.00

0.00 200.23 0.00 0.00 593.98 1,181.25

0.00 HART 2022-A A3
448977AD0
10/15/26 9,134.84 97.40 0.01
(0.00)

0.00 (302.54) 0.00 (205.13) 114.83

0.00 HART 2022-C A3
44933DAD3
06/15/27 142,830.97 2,284.17 0.01
(0.00)

0.04 0.00 0.00 2,284.22 2,416.40

0.00 HART 2023-B A3
44933XAD9
04/17/28 64,965.82 978.14 0.01
(0.00)

0.30 0.00 0.00 978.45 1,002.58

0.00 INTEL CORP
458140AS9
07/29/25 200,000.00 1,850.00 0.00

0.00 477.58 0.00 0.00 2,327.58 0.00

0.00 INTERNATIONAL BUSINESS MACHINES CORP
459200KS9
07/27/25 375,000.00 3,750.00 0.00

0.00 0.00 0.00 0.00 3,750.00 0.00

0.00 JPMORGAN CHASE & CO
46625HMN7
07/15/25 225,000.00 2,193.75 0.00

0.00 0.00 (92.52) 0.00 2,101.23 0.00

0.00 LOCKHEED MARTIN CORP
539830BU2
10/15/25 80,000.00 990.00 0.00

0.00 20.30 0.00 0.00 1,010.30 1,980.00

0.00 LOCKHEED MARTIN CORP
539830BU2
10/15/25 95,000.00 1,175.63 0.00

0.00 0.00 (4.26) 0.00 1,171.37 2,351.25

0.00 MBART 2022-1 A3
58768PAC8
08/16/27 158,950.56 2,405.83 0.00
(0.01)

4.25 0.00 0.00 2,410.08 2,530.75

0.00 FEDERATED HRMS TRS SVC
60934N872
06/30/25 18,764,165.96 144,733.03 0.00

0.00 0.00 0.00 0.00 144,733.03 125,213.83
56,177.74

MORGAN STANLEY
6174468C6
07/23/25 85,000.00 850.00 0.00

0.00 8.35 0.00 0.00 858.35 0.00

0.00 NATIONAL AUSTRALIA BANK LTD (NEW YORK BRANCH)
63253QAA2
01/12/26 415,000.00 5,152.23 0.00

0.00 0.00 0.00 0.00 5,152.23 0.00

0.00 NATIONAL AUSTRALIA BANK LTD (NEW YORK BRANCH)
63254ABD9
06/09/25 0.00 1,685.83 0.00

0.00 0.00 0.00 0.00 1,685.83 4,462.50

0.00

Page 107 of 533 ends

Public Trust Advisors 32
04/01/2025 to 06/30/2025
City of Los Altos
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE
CORP
63743HFE7
06/15/25 0.00 425.50 0.00

0.00 22.01 0.00 0.00 447.51 1,035.00

0.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE
CORP
63743HFE7
06/15/25 0.00 283.67 0.00

0.00 0.63 0.00 0.00 284.30 690.00

0.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE
CORP
63743HFH0
03/13/26 125,000.00 1,390.63 0.00

0.00 37.84 0.00 0.00 1,428.46 0.00

0.00 Natixis, New York Branch
63873QP65
09/18/26 375,000.00 5,244.97 0.00

0.00 0.00 0.00 0.00 5,244.97 0.00

0.00 NAROT 2022-B A3
65480JAC4
05/17/27 107,001.45 1,370.94 0.00
(0.00)

2.75 0.00 0.00 1,373.70 1,437.02

0.00 NAROT 2023-B A3
65480MAD5
03/15/28 105,000.00 1,556.62 0.00

0.00 2.22 0.00 0.00 1,558.84 1,556.62

0.00 NAROT 2023-A A3
65480WAD3
11/15/27 166,466.13 2,311.84 0.00
(0.00)

3.63 0.00 0.00 2,315.47 2,412.01

0.00 Nordea ABP - New York Branch
65558UYF3
11/03/25 500,000.00 6,912.50 0.00

0.00 0.00 0.00 0.00 6,912.50 13,825.00

0.00 PNC BANK NA (DELAWARE)
69353REQ7
06/01/25 0.00 1,354.17 0.00

0.00 273.89 0.00 0.00 1,628.06 4,062.50

0.00 PACCAR FINANCIAL CORP
69371RR73
04/07/25 0.00 118.75 0.00

0.00 0.37 0.00 0.00 119.12 3,562.50

0.00 PACCAR FINANCIAL CORP
69371RS56
08/10/26 125,000.00 1,578.13 0.00

0.00 5.28 0.00 0.00 1,583.41 0.00

0.00 PEPSICO INC
713448FW3
11/10/26 65,000.00 832.82 0.00

0.00 1.45 0.00 0.00 834.27 1,665.63

0.00 STATE STREET CORP
857477CD3
08/03/26 200,000.00 2,636.00 0.00

0.00 0.00 0.00 0.00 2,636.00 0.00

0.00 Toronto-Dominion Bank - New York Branch
89115B6K1
10/27/25 500,000.00 7,077.78 0.00

0.00 0.00 0.00 0.00 7,077.78 0.00

0.00 TAOT 2023-A A3
891940AC2
09/15/27 103,518.14 1,346.19 0.00
(0.00)

0.02 0.00 0.00 1,346.22 1,400.86

0.00 TAOT 2023-B A3
891941AD8
02/15/28 168,933.66 2,181.38 0.01
(0.00)

0.99 0.00 0.00 2,182.37 2,246.41

0.00 TAOT 2022-C A3
89231CAD9
04/15/27 42,439.59 469.57 0.00
(0.01)

0.83 0.00 0.00 470.39 495.69

0.00 TOYOTA MOTOR CREDIT CORP
89236TKT1
05/18/26 210,000.00 2,336.25 0.00

0.00 10.33 0.00 0.00 2,346.58 4,672.50

0.00

Page 108 of 533 ends

Public Trust Advisors 33
04/01/2025 to 06/30/2025
City of Los Altos
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

TOYOTA MOTOR CREDIT CORP
89236TLJ2
01/05/26 175,000.00 2,100.00 0.00

0.00 17.12 0.00 0.00 2,117.12 0.00

0.00 TAOT 2022-B A3
89238FAD5
09/15/26 21,278.62 219.13 0.00
(0.00)

0.00 (63.79) 0.00 155.34 242.74

0.00 TAOT 2022-D A3
89239HAD0
09/15/27 67,380.14 1,003.54 0.01

0.00 0.66 0.00 0.00 1,004.21 1,044.46

0.00 TRUIST FINANCIAL CORP
89788MAH5
07/28/26 65,000.00 692.25 0.00

0.00 0.00 0.00 0.00 692.25 0.00

0.00 TRUIST FINANCIAL CORP
89788MAH5
07/28/26 65,000.00 692.25 0.00

0.00 0.00 (5.75) 0.00 686.50 0.00

0.00 UNITED STATES TREASURY
912828XB1
05/15/25 0.00 4,455.46 0.00

0.00 4,490.47 0.00 0.00 8,945.93 18,328.13

0.00 UNITED STATES TREASURY
912828ZW3
06/30/25 0.00 621.55 0.00

0.00 6,439.50 0.00 0.00 7,061.04 1,250.00

0.00 UNITED STATES TREASURY
91282CEY3
07/15/25 425,000.00 3,205.11 0.00

0.00 576.47 0.00 0.00 3,781.58 0.00

0.00 UNITED STATES TREASURY
91282CEY3
07/15/25 1,200,000.00 9,049.72 0.00

0.00 403.26 0.00 0.00 9,452.99 0.00

0.00 UNITED STATES TREASURY
91282CFK2
09/15/25 600,000.00 5,192.93 0.00

0.00 1,067.43 0.00 0.00 6,260.36 0.00

0.00 UNITED STATES TREASURY
91282CFW6
11/15/25 1,125,000.00 12,619.01 0.00

0.00 0.00 (1,378.20) 0.00 11,240.81 25,312.50

0.00 UNITED STATES TREASURY
91282CGE5
01/15/26 2,550,000.00 24,839.61 0.00

0.00 511.12 0.00 0.00 25,350.73 0.00

0.00 UNITED STATES TREASURY
91282CGL9
02/15/26 930,000.00 9,351.38 0.00

0.00 1,429.73 0.00 0.00 10,781.11 0.00

0.00 UNITED STATES TREASURY
91282CGV7
04/15/26 1,150,000.00 10,731.40 0.00

0.00 227.52 0.00 0.00 10,958.92 21,562.50

0.00 UNITED STATES TREASURY
91282CHB0
05/15/26 1,700,000.00 15,360.92 0.00

0.00 1,436.39 0.00 0.00 16,797.30 30,812.50

0.00 UNITED STATES TREASURY
91282CHH7
06/15/26 975,000.00 10,045.03 0.00

0.00 813.08 0.00 0.00 10,858.11 20,109.38

0.00 UNITED STATES TREASURY
91282CHM6
07/15/26 1,550,000.00 17,533.84 0.00

0.00 210.57 0.00 0.00 17,744.41 0.00

0.00 UNITED STATES TREASURY
91282CHU8
08/15/26 1,100,000.00 12,097.72 0.00

0.00 906.53 0.00 0.00 13,004.25 0.00

0.00 UNITED STATES TREASURY
91282CHY0
09/15/26 1,000,000.00 11,436.82 0.00

0.00 604.33 0.00 0.00 12,041.15 0.00

0.00

Page 109 of 533 ends

Public Trust Advisors 34
04/01/2025 to 06/30/2025
City of Los Altos
Income
Description
Identifier
Final
Maturity
Current Units Interest Income Realized Gain
Realized Loss
Accretion
Income
Amortization
Expense
Misc
Income
Net Income Interest Received
Interest Due

UNITED STATES TREASURY
91282CJC6
10/15/26 450,000.00 5,179.07 0.00

0.00 107.09 0.00 0.00 5,286.16 10,406.25

0.00 UNITED STATES TREASURY
91282CJK8
11/15/26 1,250,000.00 14,410.60 0.00

0.00 0.00 (837.87) 0.00 13,572.73 28,906.25

0.00 UNITED STATES TREASURY
91282CJP7
12/15/26 1,850,000.00 20,214.93 0.00

0.00 0.00 (1,209.14) 0.00 19,005.80 40,468.75

0.00 UNITED STATES TREASURY
91282CJP7
12/15/26 500,000.00 5,463.50 0.00

0.00 0.00 (167.72) 0.00 5,295.78 10,937.50

0.00 UNITEDHEALTH GROUP INC
91324PEN8
10/15/25 80,000.00 1,030.00 0.00

0.00 0.78 0.00 0.00 1,030.78 2,060.00

0.00 WALMART INC
931142EW9
09/09/25 150,000.00 1,462.50 0.00

0.00 9.08 0.00 0.00 1,471.58 0.00

0.00 WELLS FARGO & CO
949746RW3
04/22/26 200,000.00 1,500.00 0.00

0.00 994.01 0.00 0.00 2,494.01 3,000.00

0.00 WELLS FARGO BANK NA
94988J6F9
12/11/26 375,000.00 4,925.63 0.00

0.00 0.00 0.00 0.00 4,925.63 9,851.25

0.00 WOART 2021-D A3
98163KAC6
10/15/26 0.00 10.33 0.01
(0.00)

0.00 (428.25) 0.00 (417.92) 15.36

0.00 Receivable
CCYUSD
06/30/25 56,177.74 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 Portfolio Total 53,745,053.76 $530,989.98 $0.16
($0.14) $37,836.49 ($18,107.55) $0.00 $550,718.95 $515,687.93$56,177.74

Page 110 of 533 ends

Public Trust Advisors 35
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Ally Auto Receivables Trust
2022-1
Ally Auto Receivables Trust
2022-1
02008JAC0
ABS

0.05%
(3.34%)

4.34% 0.14 AAAAaa
10/15/25
11/16/26 25,336.38 $37.27 $25,577.88$25,615.15
$25,300.87
$25,338.14
Ally Auto Receivables Trust
2022-1 0.05%
(3.34%)

4.34% 0.14 AAAAaa 25,336.38 $37.27 $25,577.88$25,615.15 $25,300.87
$25,338.14
Ally Auto Receivables Trust
2022-2
Ally Auto Receivables Trust
2022-2
02008MAC3
ABS

0.27%

4.81%

4.70% 0.37 AAAAaa
04/15/26
05/17/27 144,179.16 $305.02 $144,178.87$144,483.89
$144,234.07
$144,539.09
Ally Auto Receivables Trust
2022-2 0.27%

4.81%

4.70% 0.37 AAAAaa 144,179.16 $305.02 $144,178.87$144,483.89 $144,234.07
$144,539.09
American Express Credit
Account Master Trust , series
2023-1
American Express Credit
Account Master Trust , series 2023-1
02582JJZ4
ABS

0.26%

4.92%

4.31% 0.84 AAANA
05/15/26
05/15/26 140,000.00 $303.02 $139,995.88$140,298.90
$140,722.53
$141,025.55
American Express Credit
Account Master Trust , series
2023-1 0.26%

4.92%

4.31% 0.84 AAANA 140,000.00 $303.02 $139,995.88$140,298.90 $140,722.53
$141,025.55
American Express Credit
Account Master Trust 2022-4
American Express Credit
Account Master Trust 2022-4
02582JJX9
ABS

0.22%

5.00%

4.54% 0.28 AAANA
10/15/25
10/15/27 120,000.00 $264.00 $119,999.45$120,263.45
$120,158.20
$120,422.20
American Express Credit
Account Master Trust 2022-4 0.22%

5.00%

4.54% 0.28 AAANA 120,000.00 $264.00 $119,999.45$120,263.45 $120,158.20
$120,422.20
American Honda Finance
Corporation

Page 111 of 533 ends

Public Trust Advisors 36
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
American Honda Finance
Corporation
02665WEQ0
CORP

0.33%

5.85%

4.67% 0.26 AA3
10/03/25
10/03/25 175,000.00 $2,481.11 $174,978.13$177,459.24
$175,477.27
$177,958.38
American Honda Finance
Corporation
02665WEK3
CORP

0.10%

5.06%

4.40% 0.96 AA3
07/07/26
07/07/26 50,000.00 1,268.75 50,091.6951,360.44
50,419.74
51,688.49
American Honda Finance
Corporation
02665WEK3
CORP

0.16%

5.29%

4.40% 0.96 AA3
07/07/26
07/07/26 85,000.00 2,156.88 84,962.7587,119.63
85,713.55
87,870.43
American Honda Finance
Corporation
02665WEK3
CORP

0.12%

5.49%

4.40% 0.96 AA3
07/07/26
07/07/26 65,000.00 1,649.38 64,850.8866,500.25
65,545.66
67,195.03
American Honda Finance
Corporation 0.71%

5.55%

4.52% 0.63 AA3 375,000.00 $7,556.11 $374,883.45$382,439.56 $377,156.22
$384,712.34
Australia & New Zealand
Banking Group Ltd., New York
Branch
Australia & New Zealand
Banking Group Ltd., New York Branch
05254JAA8
CORP

0.46%

5.09%

4.52% 0.43 AAAa2
12/08/25
12/08/25 250,000.00 $812.67 $250,000.00$250,812.67
$250,594.97
$251,407.64
Australia & New Zealand
Banking Group Ltd., New York Branch
05253JAZ4
CORP

0.48%

4.75%

4.06% 1.45 AAAa2
01/18/27
01/18/27 250,000.00 5,376.74 250,000.00255,376.74
252,546.28
257,923.01
Australia & New Zealand
Banking Group Ltd., New York
Branch 0.94%

4.92%

4.29% 0.95 AAAa2 500,000.00 $6,189.40 $500,000.00$506,189.40 $503,141.25
$509,330.65
BA Credit Card Trust, Series
2023-1
BA Credit Card Trust, Series
2023-1
05522RDG0
ABS

0.22%

4.85%

4.33% 0.84 AAANA
05/15/26
05/15/26 120,000.00 $255.47 $119,991.93$120,247.39
$120,513.28
$120,768.74
BA Credit Card Trust, Series
2023-1 0.22%

4.85%

4.33% 0.84 AAANA 120,000.00 $255.47 $119,991.93$120,247.39 $120,513.28
$120,768.74
Ba Credit Card Trust, Series
2023-2

Page 112 of 533 ends

Public Trust Advisors 37
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Ba Credit Card Trust, Series
2023-2
05522RDH8
ABS

0.32%

5.04%

4.23% 1.30 NAAaa
11/16/26
11/16/26 170,000.00 $376.27 $169,988.54$170,364.81
$171,798.24
$172,174.51
Ba Credit Card Trust, Series
2023-2 0.32%

5.04%

4.23% 1.30 NAAaa 170,000.00 $376.27 $169,988.54$170,364.81 $171,798.24
$172,174.51
Bank of America Corporation
Bank of America Corporation
06051GFS3
CORP

0.42%

2.84%

4.43% 0.09 AA1
08/01/25
08/01/25 225,000.00 $3,632.81 $225,196.01$228,828.82
$224,878.44
$228,511.26
Bank of America Corporation
06051GFX2
CORP

0.32%

4.54%

4.38% 0.78 AA1
04/19/26
04/19/26 175,000.00 1,225.00 173,587.18174,812.18
173,788.43
175,013.43
Bank of America Corporation

0.75%

3.58%

4.41% 0.39 AA1 400,000.00 $4,857.81 $398,783.19$403,641.00 $398,666.87
$403,524.68
Bank of America, National
Association
Bank of America, National
Association
06428CAA2
CORP

0.53%

5.53%

4.13% 0.99 A+Aa2
07/18/26
08/18/26 275,000.00 $5,614.26 $275,000.00$280,614.26
$278,900.20
$284,514.47
Bank of America, National
Association 0.53%

5.53%

4.13% 0.99 A+Aa2 275,000.00 $5,614.26 $275,000.00$280,614.26 $278,900.20
$284,514.47
Bmw Vehicle Owner Trust 2022-A
Bmw Vehicle Owner Trust 2022-A
05602RAD3
ABS

0.02%

2.11%

4.51% 0.14 AAAAaa
09/25/25
08/25/26 11,781.45 $6.30 $11,799.94$11,806.24
$11,760.18
$11,766.48
Bmw Vehicle Owner Trust 2022-A

0.02%

2.11%

4.51% 0.14 AAAAaa 11,781.45 $6.30 $11,799.94$11,806.24
$11,760.18
$11,766.48
Bmw Vehicle Owner Trust 2023-A
Bmw Vehicle Owner Trust 2023-A
05592XAD2
ABS

0.12%

5.54%

4.69% 0.70 AAANA
02/25/27
02/25/28 63,955.48 $58.31 $63,951.98$64,010.29
$64,335.54
$64,393.85
Bmw Vehicle Owner Trust 2023-A

0.12%

5.54%

4.69% 0.70 AAANA 63,955.48 $58.31 $63,951.98$64,010.29
$64,335.54
$64,393.85
Bristol-Myers Squibb Company
Bristol-Myers Squibb Company
110122DN5
CORP

0.23%

2.23%

4.30% 0.36 AA2
11/13/25
11/13/25 125,000.00 $125.00 $124,328.73$124,453.73
$123,383.13
$123,508.13

Page 113 of 533 ends

Public Trust Advisors 38
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Bristol-Myers Squibb Company

0.23%

2.23%

4.30% 0.36 AA2 125,000.00 $125.00 $124,328.73$124,453.73 $123,383.13
$123,508.13
Capital One Prime Auto
Receivables Trust 2021-1
Capital One Prime Auto
Receivables Trust 2021-1
14044CAC6
ABS

0.00%
(20.86%)

4.66% 0.04 AAAAaa
09/15/25
09/15/26 1,916.36 $0.66 $1,964.65$1,965.31
$1,913.30
$1,913.95
Capital One Prime Auto
Receivables Trust 2021-1 0.00%
(20.86%)

4.66% 0.04 AAAAaa 1,916.36 $0.66 $1,964.65$1,965.31
$1,913.30
$1,913.95
CarMax Auto Owner Trust 2022-2
CarMax Auto Owner Trust 2022-2
14317HAC5
ABS

0.06%

0.33%

4.57% 0.22 AAAAaa
12/15/25
02/16/27 33,565.30 $52.06 $33,801.37$33,853.43
$33,488.21
$33,540.27
CarMax Auto Owner Trust 2022-2

0.06%

0.33%

4.57% 0.22 AAAAaa 33,565.30 $52.06 $33,801.37$33,853.43 $33,488.21
$33,540.27
CarMax Auto Owner Trust 2022-3
CarMax Auto Owner Trust 2022-3
14318MAD1
ABS

0.16%

4.00%

4.61% 0.36 AAANA
04/15/26
04/15/27 87,298.68 $154.03 $87,298.35$87,452.39
$87,108.34
$87,262.37
CarMax Auto Owner Trust 2022-3

0.16%

4.00%

4.61% 0.36 AAANA 87,298.68 $154.03 $87,298.35$87,452.39 $87,108.34
$87,262.37
CarMax Auto Owner Trust 2022-4
CarMax Auto Owner Trust 2022-4
14318UAD3
ABS

0.25%

5.41%

4.72% 0.47 AAANA
07/15/26
08/16/27 136,898.16 $324.91 $136,891.49$137,216.39
$137,336.16
$137,661.07
CarMax Auto Owner Trust 2022-4

0.25%

5.41%

4.72% 0.47 AAANA 136,898.16 $324.91 $136,891.49$137,216.39 $137,336.16
$137,661.07
Caterpillar Financial Services
Corporation
Caterpillar Financial Services
Corporation
14913UAA8
CORP

0.46%

4.37%

4.28% 0.85 AA2
05/15/26
05/15/26 250,000.00 $1,389.58 $249,964.36$251,353.94
$250,141.92
$251,531.51
Caterpillar Financial Services
Corporation 0.46%

4.37%

4.28% 0.85 AA2 250,000.00 $1,389.58 $249,964.36$251,353.94 $250,141.92
$251,531.51
Chase Issuance Trust, Series
2023-1

Page 114 of 533 ends

Public Trust Advisors 39
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Chase Issuance Trust, Series
2023-1
161571HT4
ABS

0.71%

5.23%

4.21% 1.15 AAANR
09/15/26
09/15/28 380,000.00 $871.47 $379,955.71$380,827.18
$384,391.62
$385,263.09
Chase Issuance Trust, Series
2023-1 0.71%

5.23%

4.21% 1.15 AAANR 380,000.00 $871.47 $379,955.71$380,827.18 $384,391.62
$385,263.09
Citigroup Inc.

Citigroup Inc.
172967KG5
CORP

0.37%

4.76%

4.38% 0.51 BBB+A3
01/12/26
01/12/26 200,000.00 $3,473.89 $198,905.38$202,379.27
$199,283.30
$202,757.19
Citigroup Inc.

0.37%

4.76%

4.38% 0.51 BBB+A3 200,000.00 $3,473.89 $198,905.38$202,379.27 $199,283.30
$202,757.19
Colgate-Palmolive Company
Colgate-Palmolive Company
194162AM5
CORP

0.10%

3.13%

4.59% 0.12 A+Aa3
08/15/25
08/15/25 55,000.00 $644.11 $54,997.84$55,641.95
$54,894.80
$55,538.92
Colgate-Palmolive Company

0.10%

3.13%

4.59% 0.12 A+Aa3 55,000.00 $644.11 $54,997.84$55,641.95 $54,894.80
$55,538.92
Comcast Corporation
Comcast Corporation
20030NBY6
CORP

0.37%

5.66%

4.22% 1.46 AA3
02/01/27
02/01/27 200,000.00 $2,750.00 $192,932.89$195,682.89
$197,186.55
$199,936.55
Comcast Corporation

0.37%

5.66%

4.22% 1.46 AA3 200,000.00 $2,750.00 $192,932.89$195,682.89 $197,186.55
$199,936.55
Commonwealth Bank of
Australia, New York Branch
Commonwealth Bank of
Australia, New York Branch
20271RAS9
CORP

0.47%

5.45%

4.53% 0.20 AAAa2
09/12/25
09/12/25 250,000.00 $4,162.44 $250,023.82$254,186.26
$250,445.26
$254,607.70
Commonwealth Bank of
Australia, New York Branch 0.47%

5.45%

4.53% 0.20 AAAa2 250,000.00 $4,162.44 $250,023.82$254,186.26 $250,445.26
$254,607.70
Coöperatieve Rabobank U.A.,
New York Branch
Coöperatieve Rabobank U.A.,
New York Branch
21684LGS5
CD

0.91%

5.08%

3.73% 1.01 A+Aa2
07/17/26
07/17/26 475,000.00 $11,059.58 $475,000.00$486,059.58
$481,600.70
$492,660.28

Page 115 of 533 ends

Public Trust Advisors 40
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Coöperatieve Rabobank U.A.,
New York Branch 0.91%

5.08%

3.73% 1.01 A+Aa2 475,000.00 $11,059.58 $475,000.00$486,059.58 $481,600.70
$492,660.28
Discover Card Execution Note
Trust
Discover Card Execution Note
Trust
254683CW3
ABS

0.56%

3.59%

4.34% 0.04 AAAAaa
07/15/25
07/15/27 300,000.00 $474.67 $299,999.49$300,474.15
$299,906.58
$300,381.25
Discover Card Execution Note
Trust 0.56%

3.59%

4.34% 0.04 AAAAaa 300,000.00 $474.67 $299,999.49$300,474.15 $299,906.58
$300,381.25
Discover Card Execution Note
Trust, Series 2023-1
Discover Card Execution Note
Trust, Series 2023-1
254683CY9
ABS

0.56%

4.35%

4.48% 0.69 NAAaa
03/16/26
03/15/28 300,000.00 $574.67 $299,995.27$300,569.94
$299,725.86
$300,300.53
Discover Card Execution Note
Trust, Series 2023-1 0.56%

4.35%

4.48% 0.69 NAAaa 300,000.00 $574.67 $299,995.27$300,569.94 $299,725.86
$300,300.53
Federal Home Loan Mortgage
Corporation
Federal Home Loan Mortgage
Corporation
3137BN6G4

GSE MBS

0.41%

3.33%

4.38% 0.42 AA+Aa1
12/01/25
12/25/25 221,246.20 $552.19 $220,514.41$221,066.60
$219,534.53
$220,086.72
Federal Home Loan Mortgage
Corporation
3137BNGT5

GSE MBS

0.45%

4.37%

4.52% 0.50 AA+Aa1
01/01/26
01/25/26 246,890.66 564.76 244,405.12244,969.89
244,248.12
244,812.88
Federal Home Loan Mortgage
Corporation
3137BNGT5

GSE MBS

0.37%

4.08%

4.52% 0.50 AA+Aa1
01/01/26
01/25/26 202,001.45 462.08 200,266.65200,728.73
199,839.37
200,301.45
Federal Home Loan Mortgage
Corporation
3137FNWX4

GSE MBS

0.44%

5.33%

4.25% 0.91 AA+Aa1
07/01/26
07/25/26 240,968.84 458.24 233,992.93234,451.17
236,302.55
236,760.79
Federal Home Loan Mortgage
Corporation
3137BRQJ7

GSE MBS

0.45%

4.31%

4.29% 0.89 AA+Aa1
07/01/26
07/25/26 247,101.56 529.21 242,798.14243,327.35
242,929.32
243,458.53
Federal Home Loan Mortgage
Corporation
3137BRQJ7

GSE MBS

0.45%

4.94%

4.29% 0.89 AA+Aa1
07/01/26
07/25/26 247,101.56 529.21 241,397.05241,926.26
242,929.32
243,458.53

Page 116 of 533 ends

Public Trust Advisors 41
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Federal Home Loan Mortgage
Corporation
3137BSP72

GSE MBS

0.73%

3.98%

4.23% 1.07 AA+Aa1
08/01/26
08/25/26 400,000.00 884.33 393,674.98394,559.32
392,621.04
393,505.37
Federal Home Loan Mortgage
Corporation
3137BSRE5

GSE MBS

0.50%

5.16%

4.22% 1.10 AAAAa1
09/01/26
09/25/26 275,000.00 715.00 268,421.55269,136.55
271,172.77
271,887.77
Federal Home Loan Mortgage
Corporation
3137BUX60

GSE MBS

0.50%

5.08%

4.16% 1.37 AA+Aa1
12/01/26
12/25/26 275,000.00 782.15 268,288.20269,070.34
271,668.27
272,450.41
Federal Home Loan Mortgage
Corporation
3137BUX60

GSE MBS

0.50%

5.00%

4.16% 1.37 AA+Aa1
12/01/26
12/25/26 275,000.00 782.15 268,565.74269,347.89
271,668.27
272,450.41
Federal Home Loan Mortgage
Corporation
3137BVZ82

GSE MBS

0.50%

5.40%

4.16% 1.37 AA+Aa1
01/01/27
01/25/27 275,000.00 786.04 267,165.69267,951.73
271,731.79
272,517.83
Federal Home Loan Mortgage
Corporation
3137F1G44

GSE MBS

0.47%

5.11%

4.09% 1.65 AA+Aa1
04/01/27
04/25/27 260,000.00 702.65 251,665.64252,368.29
255,894.89
256,597.54
Federal Home Loan Mortgage
Corporation
3137FLYU2

GSE MBS

0.31%

0.64%

4.14% 1.51 AA+Aa1
06/01/28
10/25/28 171,040.84 445.42 177,592.27178,037.68
168,103.46
168,548.88
Federal Home Loan Mortgage
Corporation 6.09%

4.46%

4.26% 1.06 AA+Aa1 3,336,351.10 $8,193.43 $3,278,748.36$3,286,941.79 $3,288,643.68
$3,296,837.11
Federal National Mortgage
Association
Federal National Mortgage
Association
3136ARTE8

GSE MBS

0.22%
(18.16%)

4.89% 0.50 AA+Aa1
02/01/26
02/25/26 121,242.71 $273.00 $135,817.11$136,090.11
$119,705.44
$119,978.44
Federal National Mortgage
Association
3136AUKX8

GSE MBS

0.48%

0.00%

4.90% 0.83 AA+Aa1
09/01/26
09/25/26 266,427.41 559.28 268,203.49268,762.77
260,847.11
261,406.39
Federal National Mortgage
Association 0.70%
(6.10%)

4.90% 0.73 AA+Aa1 387,670.12 $832.27 $404,020.60$404,852.87 $380,552.55
$381,384.82
Fifth Third Auto Trust 2023-1
Fifth Third Auto Trust 2023-1
31680EAD3
ABS

0.46%

5.60%

4.68% 0.85 AAAAaa
07/15/27
08/15/28 244,140.37 $600.04 $244,134.75$244,734.80
$246,047.47
$246,647.51

Page 117 of 533 ends

Public Trust Advisors 42
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Fifth Third Auto Trust 2023-1

0.46%

5.60%

4.68% 0.85 AAAAaa 244,140.37 $600.04 $244,134.75$244,734.80 $246,047.47
$246,647.51
Ford Credit Auto Owner Trust
2023-A
Ford Credit Auto Owner Trust
2023-A
344928AD8
ABS

0.16%

4.70%

4.53% 0.65 AAANA
01/15/27
02/15/28 88,768.60 $183.46 $88,765.99$88,949.44
$88,866.30
$89,049.76
Ford Credit Auto Owner Trust
2023-A 0.16%

4.70%

4.53% 0.65 AAANA 88,768.60 $183.46 $88,765.99$88,949.44 $88,866.30
$89,049.76
Ford Credit Auto Owner Trust
2023-B
Ford Credit Auto Owner Trust
2023-B
344930AD4
ABS

0.26%

5.29%

4.58% 0.77 AAANA
05/15/27
05/15/28 137,746.32 $320.18 $137,745.66$138,065.84
$138,499.45
$138,819.63
Ford Credit Auto Owner Trust
2023-B 0.26%

5.29%

4.58% 0.77 AAANA 137,746.32 $320.18 $137,745.66$138,065.84 $138,499.45
$138,819.63
GM Financial Consumer
Automobile Receivables Trust
2021-4
GM Financial Consumer
Automobile Receivables Trust 2021-4
362554AC1
ABS

0.00%
(22.03%)

4.27% 0.04 AAAAaa
08/16/25
09/16/26 252.04 $0.07 $256.04$256.11
$251.64
$251.71
GM Financial Consumer
Automobile Receivables Trust
2021-4 0.00%
(22.03%)

4.27% 0.04 AAAAaa 252.04 $0.07 $256.04$256.11
$251.64
$251.71
GM Financial Consumer
Automobile Receivables Trust
2022-1
GM Financial Consumer
Automobile Receivables Trust 2022-1
380146AC4
ABS

0.01%
(12.92%)

4.50% 0.04 AAANA
08/16/25
11/16/26 3,386.86 $1.78 $3,419.69$3,421.47
$3,382.06
$3,383.83
GM Financial Consumer
Automobile Receivables Trust
2022-1 0.01%
(12.92%)

4.50% 0.04 AAANA 3,386.86 $1.78 $3,419.69$3,421.47
$3,382.06
$3,383.83

Page 118 of 533 ends

Public Trust Advisors 43
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
GM Financial Consumer
Automobile Receivables Trust
2023-2
GM Financial Consumer
Automobile Receivables Trust 2023-2
362583AD8
ABS

0.18%

4.51%

4.55% 0.66 AAAAaa
01/16/27
02/16/28 99,448.19 $185.22 $99,447.47$99,632.69
$99,424.16
$99,609.38
GM Financial Consumer
Automobile Receivables Trust
2023-2 0.18%

4.51%

4.55% 0.66 AAAAaa 99,448.19 $185.22 $99,447.47$99,632.69 $99,424.16
$99,609.38
Gm Financial Consumer
Automobile Receivables Trust
2022-2
Gm Financial Consumer
Automobile Receivables Trust 2022-2
362585AC5
ABS

0.05%

3.13%

4.58% 0.24 AAAAaa
01/16/26
02/16/27 25,217.39 $32.57 $25,216.83$25,249.40
$25,130.29
$25,162.86
Gm Financial Consumer
Automobile Receivables Trust
2022-2 0.05%

3.13%

4.58% 0.24 AAAAaa 25,217.39 $32.57 $25,216.83$25,249.40 $25,130.29
$25,162.86
Gm Financial Consumer
Automobile Receivables Trust
2022-3
Gm Financial Consumer
Automobile Receivables Trust 2022-3
36265WAD5
ABS

0.08%

3.67%

4.39% 0.26 NAAaa
02/16/26
04/16/27 41,960.84 $63.64 $41,960.80$42,024.45
$41,880.80
$41,944.44
Gm Financial Consumer
Automobile Receivables Trust
2022-3 0.08%

3.67%

4.39% 0.26 NAAaa 41,960.84 $63.64 $41,960.80$42,024.45
$41,880.80
$41,944.44
Gm Financial Consumer
Automobile Receivables Trust
2023-3
Gm Financial Consumer
Automobile Receivables Trust 2023-3
36267KAD9
ABS

0.13%

5.51%

4.72% 0.80 AAAAaa
06/16/27
06/16/28 67,329.85 $152.89 $67,328.95$67,481.85
$67,754.76
$67,907.66

Page 119 of 533 ends

Public Trust Advisors 44
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Gm Financial Consumer
Automobile Receivables Trust
2023-3 0.13%

5.51%

4.72% 0.80 AAAAaa 67,329.85 $152.89 $67,328.95$67,481.85 $67,754.76
$67,907.66
Harley-Davidson Motorcycle
Trust 2022-A
Harley-Davidson Motorcycle
Trust 2022-A
41284YAD8
ABS

0.03%
(11.95%)

4.48% 0.09 AAAAaa
09/15/25
02/16/27 18,091.43 $24.60 $18,346.11$18,370.71
$18,068.17
$18,092.77
Harley-Davidson Motorcycle
Trust 2022-A 0.03%
(11.95%)

4.48% 0.09 AAAAaa 18,091.43 $24.60 $18,346.11$18,370.71 $18,068.17
$18,092.77
Harley-Davidson Motorcycle
Trust 2023-A
Harley-Davidson Motorcycle
Trust 2023-A
41285JAD0
ABS

0.19%

5.11%

4.72% 0.53 NAAaa
09/15/26
12/15/27 100,270.17 $225.05 $100,267.73$100,492.78
$100,474.19
$100,699.24
Harley-Davidson Motorcycle
Trust 2023-A 0.19%

5.11%

4.72% 0.53 NAAaa 100,270.17 $225.05 $100,267.73$100,492.78 $100,474.19
$100,699.24
Honda Auto Receivables 2023-2
Owner Trust
Honda Auto Receivables 2023-2
Owner Trust
437927AC0
ABS

0.26%

4.99%

4.56% 0.67 AAAAaa
01/15/27
11/15/27 141,245.93 $309.49 $141,239.46$141,548.94
$141,648.68
$141,958.16
Honda Auto Receivables 2023-2
Owner Trust 0.26%

4.99%

4.56% 0.67 AAAAaa 141,245.93 $309.49 $141,239.46$141,548.94 $141,648.68
$141,958.16
Honda Auto Receivables 2023-4
Owner Trust
Honda Auto Receivables 2023-4
Owner Trust
438123AC5
ABS

0.16%

5.74%

4.61% 0.94 NAAaa
09/21/27
06/21/28 85,000.00 $133.88 $84,994.37$85,128.24
$85,906.53
$86,040.40
Honda Auto Receivables 2023-4
Owner Trust 0.16%

5.74%

4.61% 0.94 NAAaa 85,000.00 $133.88 $84,994.37$85,128.24 $85,906.53
$86,040.40

Page 120 of 533 ends

Public Trust Advisors 45
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Hyundai Auto Receivables Trust
2022-A
Hyundai Auto Receivables Trust
2022-A
448977AD0
ABS

0.02%
(2.31%)

4.43% 0.08 AAANA
08/15/25
10/15/26 9,134.84 $9.01 $9,166.27$9,175.29
$9,119.60
$9,128.61
Hyundai Auto Receivables Trust
2022-A 0.02%
(2.31%)

4.43% 0.08 AAANA 9,134.84 $9.01 $9,166.27$9,175.29
$9,119.60
$9,128.61
Hyundai Auto Receivables Trust
2022-C
Hyundai Auto Receivables Trust
2022-C
44933DAD3
ABS

0.27%

5.45%

4.59% 0.41 AAANA
05/15/26
06/15/27 142,830.97 $342.16 $142,830.92$143,173.07
$143,339.29
$143,681.45
Hyundai Auto Receivables Trust
2022-C 0.27%

5.45%

4.59% 0.41 AAANA 142,830.97 $342.16 $142,830.92$143,173.07 $143,339.29
$143,681.45
Hyundai Auto Receivables Trust
2023-B
Hyundai Auto Receivables Trust
2023-B
44933XAD9
ABS

0.12%

5.54%

4.65% 0.72 AAANA
03/15/27
04/17/28 64,965.82 $158.23 $64,964.92$65,123.15
$65,382.64
$65,540.87
Hyundai Auto Receivables Trust
2023-B 0.12%

5.54%

4.65% 0.72 AAANA 64,965.82 $158.23 $64,964.92$65,123.15 $65,382.64
$65,540.87
Intel Corporation
Intel Corporation
458140AS9
CORP

0.37%

4.67%

7.68% 0.08 BBBBaa1
07/29/25
07/29/25 200,000.00 $3,124.44 $199,853.05$202,977.50
$199,343.77
$202,468.21
Intel Corporation

0.37%

4.67%

7.68% 0.08 BBBBaa1 200,000.00 $3,124.44 $199,853.05$202,977.50 $199,343.77
$202,468.21
International Business
Machines Corporation
International Business
Machines Corporation
459200KS9
CORP

0.70%

4.00%

4.51% 0.07 AA3
07/27/25
07/27/25 375,000.00 $6,416.67 $375,000.00$381,416.67
$374,834.45
$381,251.12

Page 121 of 533 ends

Public Trust Advisors 46
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
International Business
Machines Corporation 0.70%

4.00%

4.51% 0.07 AA3 375,000.00 $6,416.67 $375,000.00$381,416.67 $374,834.45
$381,251.12
JPMorgan Chase & Co.

JPMorgan Chase & Co.
46625HMN7
CORP

0.42%

3.90%

4.72% 0.04 AA1
07/15/25
07/15/25 225,000.00 $4,046.25 $225,000.00$229,046.25
$224,915.20
$228,961.45
JPMorgan Chase & Co.

0.42%

3.90%

4.72% 0.04 AA1 225,000.00 $4,046.25 $225,000.00$229,046.25 $224,915.20
$228,961.45
John Deere Capital Corporation
John Deere Capital Corporation
24422EXF1
CORP

0.38%

4.54%

4.07% 1.43 AA1
01/08/27
01/08/27 200,000.00 $4,325.00 $199,883.90$204,208.90
$201,256.99
$205,581.99
John Deere Capital Corporation

0.38%

4.54%

4.07% 1.43 AA1 200,000.00 $4,325.00 $199,883.90$204,208.90 $201,256.99
$205,581.99
Lockheed Martin Corporation
Lockheed Martin Corporation
539830BU2
CORP

0.15%

5.05%

4.76% 0.24 AA2
09/15/25
10/15/25 80,000.00 $836.00 $79,976.29$80,812.29
$80,022.48
$80,858.48
Lockheed Martin Corporation
539830BU2
CORP

0.18%

4.93%

4.76% 0.24 AA2
09/15/25
10/15/25 95,000.00 992.75 95,003.3295,996.07
95,026.69
96,019.44
Lockheed Martin Corporation

0.33%

4.99%

4.76% 0.24 AA2 175,000.00 $1,828.75 $174,979.61$176,808.36 $175,049.17
$176,877.92
Mercedes-Benz Auto Receivables
Trust 2022-1
Mercedes-Benz Auto Receivables
Trust 2022-1
58768PAC8
ABS

0.30%

5.28%

4.66% 0.51 AAAAaa
08/15/26
08/16/27 158,950.56 $368.06 $158,943.30$159,311.36
$159,442.06
$159,810.12
Mercedes-Benz Auto Receivables
Trust 2022-1 0.30%

5.28%

4.66% 0.51 AAAAaa 158,950.56 $368.06 $158,943.30$159,311.36 $159,442.06
$159,810.12
Money Market Obligations Trust
- Federated Treasury Obligations
Fund
Money Market Obligations Trust
- Federated Treasury Obligations Fund
60934N872
MMFUND

34.68%

3.96%

3.96% 0.00 AAAmAaa
06/30/25
06/30/25 18,764,165.96 $0.00 $18,764,165.96$18,764,165.96 $18,764,165.96
$18,764,165.96

Page 122 of 533 ends

Public Trust Advisors 47
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Money Market Obligations Trust
- Federated Treasury Obligations
Fund 34.68%

3.96%

3.96% 0.00 AAAmAaa 18,764,165.96 $0.00 $18,764,165.96$18,764,165.96 $18,764,165.96
$18,764,165.96
Morgan Stanley
Morgan Stanley
6174468C6
CORP

0.16%

4.04%

5.38% 0.06 AA1
07/23/25
07/23/25 85,000.00 $1,492.22 $84,997.98$86,490.20
$84,920.07
$86,412.29
Morgan Stanley

0.16%

4.04%

5.38% 0.06 AA1 85,000.00 $1,492.22 $84,997.98$86,490.20 $84,920.07
$86,412.29
National Australia Bank
Limited, New York Branch
National Australia Bank
Limited, New York Branch
63253QAA2
YANKEE

0.79%

4.97%

4.39% 0.51 AAAa2
01/12/26
01/12/26 415,000.00 $9,674.73 $415,000.00$424,674.73
$416,246.50
$425,921.24
National Australia Bank
Limited, New York Branch 0.79%

4.97%

4.39% 0.51 AAAa2 415,000.00 $9,674.73 $415,000.00$424,674.73 $416,246.50
$425,921.24
National Rural Utilities
Cooperative Finance Corporation
National Rural Utilities
Cooperative Finance Corporation
63743HFH0
CORP

0.23%

4.58%

4.38% 0.61 AA2
02/13/26
03/13/26 125,000.00 $1,668.75 $124,890.98$126,559.73
$125,052.50
$126,721.25
National Rural Utilities
Cooperative Finance Corporation 0.23%

4.58%

4.38% 0.61 AA2 125,000.00 $1,668.75 $124,890.98$126,559.73 $125,052.50
$126,721.25
Natixis, New York Branch
Natixis, New York Branch
63873QP65
CD

0.77%

5.61%

3.72% 1.16 A+A1
09/18/26
09/18/26 375,000.00 $37,464.04 $375,000.00$412,464.04
$381,625.50
$419,089.54
Natixis, New York Branch

0.77%

5.61%

3.72% 1.16 A+A1 375,000.00 $37,464.04 $375,000.00$412,464.04 $381,625.50
$419,089.54
Nissan Auto Receivables 2022-B
Owner Trust
Nissan Auto Receivables 2022-B
Owner Trust
65480JAC4
ABS

0.20%

4.51%

4.57% 0.53 AAAAaa
09/15/26
05/17/27 107,001.45 $212.10 $106,996.55$107,208.65
$106,961.07
$107,173.17

Page 123 of 533 ends

Public Trust Advisors 48
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Nissan Auto Receivables 2022-B
Owner Trust 0.20%

4.51%

4.57% 0.53 AAAAaa 107,001.45 $212.10 $106,996.55$107,208.65 $106,961.07
$107,173.17
Nissan Auto Receivables 2023-A
Owner Trust
Nissan Auto Receivables 2023-A
Owner Trust
65480WAD3
ABS

0.31%

4.97%

4.63% 0.63 NAAaa
12/15/26
11/15/27 166,466.13 $363.27 $166,457.90$166,821.17
$166,811.34
$167,174.61
Nissan Auto Receivables 2023-A
Owner Trust 0.31%

4.97%

4.63% 0.63 NAAaa 166,466.13 $363.27 $166,457.90$166,821.17 $166,811.34
$167,174.61
Nissan Auto Receivables 2023-B
Owner Trust
Nissan Auto Receivables 2023-B
Owner Trust
65480MAD5
ABS

0.20%

6.01%

4.93% 0.73 NAAaa
04/15/27
03/15/28 105,000.00 $276.73 $104,992.79$105,269.52
$105,826.81
$106,103.55
Nissan Auto Receivables 2023-B
Owner Trust 0.20%

6.01%

4.93% 0.73 NAAaa 105,000.00 $276.73 $104,992.79$105,269.52 $105,826.81
$106,103.55
Nordea ABP - New York Branch
Nordea ABP - New York Branch
65558UYF3
CD

0.94%

5.53%

4.53% 0.34 AAAa3
11/03/25
11/03/25 500,000.00 $4,531.53 $500,000.00$504,531.53
$501,685.70
$506,217.23
Nordea ABP - New York Branch

0.94%

5.53%

4.53% 0.34 AAAa3 500,000.00 $4,531.53 $500,000.00$504,531.53 $501,685.70
$506,217.23
PACCAR Financial Corp.

PACCAR Financial Corp.
69371RS56
CORP

0.24%

5.07%

4.08% 1.05 A+A1
08/10/26
08/10/26 125,000.00 $2,472.40 $124,975.85$127,448.25
$126,304.84
$128,777.23
PACCAR Financial Corp.

0.24%

5.07%

4.08% 1.05 A+A1 125,000.00 $2,472.40 $124,975.85$127,448.25 $126,304.84
$128,777.23
PepsiCo, Inc.

PepsiCo, Inc.
713448FW3
CORP

0.12%

5.13%

4.10% 1.22 A+A1
10/10/26
11/10/26 65,000.00 $471.93 $64,991.78$65,463.70
$65,818.95
$66,290.88
PepsiCo, Inc.

0.12%

5.13%

4.10% 1.22 A+A1 65,000.00 $471.93 $64,991.78$65,463.70
$65,818.95
$66,290.88
State Street Corporation

Page 124 of 533 ends

Public Trust Advisors 49
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
State Street Corporation
857477CD3
CORP

0.38%

5.27%

4.25% 0.96 AAa3
07/04/26
08/03/26 200,000.00 $4,334.76 $200,000.00$204,334.76
$202,008.32
$206,343.08
State Street Corporation

0.38%

5.27%

4.25% 0.96 AAa3 200,000.00 $4,334.76 $200,000.00$204,334.76 $202,008.32
$206,343.08
The Bank of New York Mellon
Corporation
The Bank of New York Mellon
Corporation
06406RBJ5
CORP

0.32%

4.30%

4.97% 0.07 AAa3
07/24/26
07/24/26 170,000.00 $3,272.49 $170,012.40$173,284.89
$169,926.44
$173,198.93
The Bank of New York Mellon
Corporation
06406RBJ5
CORP

0.15%

4.42%

4.97% 0.07 AAa3
07/24/26
07/24/26 80,000.00 1,540.00 80,000.0081,540.00
79,965.38
81,505.38
The Bank of New York Mellon
Corporation 0.47%

4.34%

4.97% 0.07 AAa3 250,000.00 $4,812.49 $250,012.40$254,824.88 $249,891.82
$254,704.31
The Goldman Sachs Group, Inc.

The Goldman Sachs Group, Inc.
38145GAH3
CORP

0.37%

5.41%

4.38% 1.22 BBB+A2
11/16/26
11/16/26 200,000.00 $875.00 $195,016.63$195,891.63
$197,660.46
$198,535.46
The Goldman Sachs Group, Inc.

0.37%

5.41%

4.38% 1.22 BBB+A2 200,000.00 $875.00 $195,016.63$195,891.63 $197,660.46
$198,535.46
The Home Depot, Inc.

The Home Depot, Inc.
437076CR1
CORP

0.10%

4.01%

4.45% 0.20 AA2
09/15/25
09/15/25 55,000.00 $647.78 $54,998.55$55,646.33
$54,942.85
$55,590.62
The Home Depot, Inc.
437076CV2
CORP

0.20%

5.04%

4.07% 1.12 AA2
08/30/26
09/30/26 105,000.00 1,313.81 104,891.15106,204.96
106,037.20
107,351.01
The Home Depot, Inc.

0.30%

4.68%

4.20% 0.81 AA2 160,000.00 $1,961.59 $159,889.69$161,851.28 $160,980.05
$162,941.64
Toronto-Dominion Bank - New
York Branch
Toronto-Dominion Bank - New
York Branch
89115B6K1
CD

0.96%

5.60%

4.31% 0.32 A+Aa2
10/27/25
10/27/25 500,000.00 $19,366.67 $500,000.00$519,366.67
$501,856.15
$521,222.82
Toronto-Dominion Bank - New
York Branch 0.96%

5.60%

4.31% 0.32 A+Aa2 500,000.00 $19,366.67 $500,000.00$519,366.67 $501,856.15
$521,222.82

Page 125 of 533 ends

Public Trust Advisors 50
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Toyota Auto Receivables 2022-B
Owner Trust
Toyota Auto Receivables 2022-B
Owner Trust
89238FAD5
ABS

0.04%

2.06%

4.49% 0.16 AAAAaa
11/15/25
09/15/26 21,278.62 $27.71 $21,308.88$21,336.59
$21,225.47
$21,253.18
Toyota Auto Receivables 2022-B
Owner Trust 0.04%

2.06%

4.49% 0.16 AAAAaa 21,278.62 $27.71 $21,308.88$21,336.59 $21,225.47
$21,253.18
Toyota Auto Receivables 2022-C
Owner Trust
Toyota Auto Receivables 2022-C
Owner Trust
89231CAD9
ABS

0.08%

3.80%

4.56% 0.39 AAANA
05/15/26
04/15/27 42,439.59 $70.92 $42,438.45$42,509.37
$42,312.56
$42,383.48
Toyota Auto Receivables 2022-C
Owner Trust 0.08%

3.80%

4.56% 0.39 AAANA 42,439.59 $70.92 $42,438.45$42,509.37
$42,312.56
$42,383.48
Toyota Auto Receivables 2022-D
Owner Trust
Toyota Auto Receivables 2022-D
Owner Trust
89239HAD0
ABS

0.13%

5.36%

4.48% 0.55 NAAaa
10/15/26
09/15/27 67,380.14 $158.72 $67,378.71$67,537.43
$67,709.73
$67,868.45
Toyota Auto Receivables 2022-D
Owner Trust 0.13%

5.36%

4.48% 0.55 NAAaa 67,380.14 $158.72 $67,378.71$67,537.43 $67,709.73
$67,868.45
Toyota Auto Receivables 2023-A
Owners Trust
Toyota Auto Receivables 2023-A
Owners Trust
891940AC2
ABS

0.19%

4.67%

4.59% 0.56 AAANA
10/15/26
09/15/27 103,518.14 $213.02 $103,518.08$103,731.10
$103,564.14
$103,777.16
Toyota Auto Receivables 2023-A
Owners Trust 0.19%

4.67%

4.59% 0.56 AAANA 103,518.14 $213.02 $103,518.08$103,731.10 $103,564.14
$103,777.16
Toyota Auto Receivables 2023-B
Owner Trust
Toyota Auto Receivables 2023-B
Owner Trust
891941AD8
ABS

0.31%

4.76%

4.50% 0.72 NAAaa
04/15/27
02/15/28 168,933.66 $353.63 $168,930.76$169,284.40
$169,241.36
$169,594.99

Page 126 of 533 ends

Public Trust Advisors 51
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
Toyota Auto Receivables 2023-B
Owner Trust 0.31%

4.76%

4.50% 0.72 NAAaa 168,933.66 $353.63 $168,930.76$169,284.40 $169,241.36
$169,594.99
Toyota Motor Credit
Corporation
Toyota Motor Credit
Corporation
89236TLJ2
CORP

0.33%

4.84%

4.31% 0.49 A+A1
01/05/26
01/05/26 175,000.00 $4,106.67 $174,964.37$179,071.03
$175,427.68
$179,534.34
Toyota Motor Credit
Corporation
89236TKT1
CORP

0.39%

4.47%

4.24% 0.85 A+A1
05/18/26
05/18/26 210,000.00 1,116.21 209,962.66211,078.87
210,366.67
211,482.87
Toyota Motor Credit
Corporation 0.72%

4.64%

4.27% 0.69 A+A1 385,000.00 $5,222.88 $384,927.03$390,149.90 $385,794.34
$391,017.22
Truist Financial Corporation
Truist Financial Corporation
89788MAH5
CORP

0.12%

4.26%

4.70% 0.08 ABaa1
07/28/26
07/28/26 65,000.00 $1,176.83 $65,000.00$66,176.83
$64,973.83
$66,150.65
Truist Financial Corporation
89788MAH5
CORP

0.12%

4.22%

4.70% 0.08 ABaa1
07/28/26
07/28/26 65,000.00 1,176.83 65,001.7166,178.53
64,973.83
66,150.65
Truist Financial Corporation

0.24%

4.24%

4.70% 0.08 ABaa1 130,000.00 $2,353.65 $130,001.71$132,355.36 $129,947.66
$132,301.31
United States Department of
The Treasury
United States Department of
The Treasury
91282CEY3
US GOV

0.80%

3.55%

4.23% 0.04 AA+Aa1
07/15/25
07/15/25 425,000.00 $5,881.91 $424,911.31$430,793.22
$424,772.82
$430,654.73
United States Department of
The Treasury
91282CEY3
US GOV

2.25%

3.14%

4.23% 0.04 AA+Aa1
07/15/25
07/15/25 1,200,000.00 16,607.73 1,199,937.961,216,545.69 1,199,358.56
1,215,966.30
United States Department of
The Treasury
91282CFK2
US GOV

1.12%

4.23%

3.99% 0.21 AA+Aa1
09/15/25
09/15/25 600,000.00 6,163.04 599,108.52605,271.57
599,343.75
605,506.79
United States Department of
The Treasury
91282CFW6
US GOV

2.09%

3.99%

4.34% 0.37 AA+Aa1
11/15/25
11/15/25 1,125,000.00 6,465.69 1,127,078.221,133,543.91 1,125,560.31
1,132,026.00
United States Department of
The Treasury
91282CGE5
US GOV

4.79%

3.96%

4.13% 0.52 AA+Aa1
01/15/26
01/15/26 2,550,000.00 45,584.77 2,548,884.622,594,469.40 2,546,563.47
2,592,148.24

Page 127 of 533 ends

Public Trust Advisors 52
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
United States Department of
The Treasury
91282CGL9
US GOV

1.74%

4.64%

4.20% 0.60 AA+Aa1
02/15/26
02/15/26 930,000.00 13,975.69 926,383.27940,358.96
928,828.41
942,804.10
United States Department of
The Treasury
91282CGV7
US GOV

2.14%

3.83%

4.08% 0.77 AA+Aa1
04/15/26
04/15/26 1,150,000.00 9,072.75 1,149,267.141,158,339.89 1,147,012.69
1,156,085.44
United States Department of
The Treasury
91282CHB0
US GOV

3.15%

3.98%

4.06% 0.85 AA+Aa1
05/15/26
05/15/26 1,700,000.00 7,870.58 1,694,867.281,702,737.86 1,693,691.40
1,701,561.99
United States Department of
The Treasury
91282CHH7
US GOV

1.81%

4.48%

3.99% 0.93 AA+Aa1
06/15/26
06/15/26 975,000.00 1,758.20 971,792.44973,550.64
976,199.71
977,957.91
United States Department of
The Treasury
91282CHM6
US GOV

2.94%

4.56%

3.98% 0.99 AA+Aa1
07/15/26
07/15/26 1,550,000.00 32,177.49 1,549,101.121,581,278.61 1,558,158.69
1,590,336.17
United States Department of
The Treasury
91282CHU8
US GOV

2.08%

4.73%

3.97% 1.07 AA+Aa1
08/15/26
08/15/26 1,100,000.00 18,080.11 1,095,816.671,113,896.78 1,104,769.53
1,122,849.64
United States Department of
The Treasury
91282CHY0
US GOV

1.89%

4.89%

3.93% 1.15 AA+Aa1
09/15/26
09/15/26 1,000,000.00 13,573.37 996,961.111,010,534.48
1,008,046.88
1,021,620.25
United States Department of
The Treasury
91282CJC6
US GOV

0.85%

4.73%

3.91% 1.23 AA+Aa1
10/15/26
10/15/26 450,000.00 4,378.59 449,427.57453,806.16
454,007.81
458,386.40
United States Department of
The Treasury
91282CJK8
US GOV

2.35%

4.34%

3.89% 1.32 AA+Aa1
11/15/26
11/15/26 1,250,000.00 7,383.66 1,254,772.191,262,155.86 1,262,109.38
1,269,493.04
United States Department of
The Treasury
91282CJP7
US GOV

3.45%

4.09%

3.84% 1.40 AA+Aa1
12/15/26
12/15/26 1,850,000.00 3,538.25 1,857,320.851,860,859.10 1,863,802.74
1,867,340.99
United States Department of
The Treasury
91282CJP7
US GOV

0.93%

4.23%

3.84% 1.40 AA+Aa1
12/15/26
12/15/26 500,000.00 956.28 501,016.76501,973.04
503,730.47
504,686.75
United States Department of
The Treasury 34.36%

4.18%

4.04% 0.82 AA+Aa1 18,355,000.00 $193,468.12 $18,346,647.04$18,540,115.15 $18,395,956.63
$18,589,424.74
UnitedHealth Group
Incorporated
UnitedHealth Group
Incorporated
91324PEN8
CORP

0.15%

5.15%

4.52% 0.29 A+A2
10/15/25
10/15/25 80,000.00 $869.78 $79,999.09$80,868.86
$80,134.85
$81,004.63

Page 128 of 533 ends

Public Trust Advisors 53
04/01/2025 to 06/30/2025
City of Los Altos
GASB 40
Issuer
Identifier
Security Type
% of Market Value
Book Yield
Market Yield
Duration S&P
Moody's
Effective Maturity
Final Maturity
Current Units Accrued Book Value
Book Value + Accrued
Market Value
Market Value + Accrued
UnitedHealth Group
Incorporated 0.15%

5.15%

4.52% 0.29 A+A2 80,000.00 $869.78 $79,999.09$80,868.86
$80,134.85
$81,004.63
Walmart Inc.

Walmart Inc.
931142EW9
CORP

0.28%

3.92%

4.32% 0.19 AAAa2
09/09/25
09/09/25 150,000.00 $1,820.00 $149,993.02$151,813.02
$149,864.99
$151,684.99
Walmart Inc.

0.28%

3.92%

4.32% 0.19 AAAa2 150,000.00 $1,820.00 $149,993.02$151,813.02 $149,864.99
$151,684.99
Wells Fargo & Company
Wells Fargo & Company
949746RW3
CORP

0.37%

5.11%

4.39% 0.79 BBB+A1
04/22/26
04/22/26 200,000.00 $1,150.00 $196,700.74$197,850.74
$197,794.12
$198,944.12
Wells Fargo & Company

0.37%

5.11%

4.39% 0.79 BBB+A1 200,000.00 $1,150.00 $196,700.74$197,850.74 $197,794.12
$198,944.12
Wells Fargo Bank, National
Association
Wells Fargo Bank, National
Association
94988J6F9
CORP

0.71%

5.25%

4.15% 1.30 A+Aa2
11/10/26
12/11/26 375,000.00 $1,094.58 $375,000.00$376,094.58
$380,407.46
$381,502.05
Wells Fargo Bank, National
Association 0.71%

5.25%

4.15% 1.30 A+Aa2 375,000.00 $1,094.58 $375,000.00$376,094.58 $380,407.46
$381,502.05
Portfolio Total
100.00%

4.19%

4.13% 0.51 AAAa2
01/29/26
03/06/26 53,688,876.02 $380,538.66 $53,620,957.25$54,001,495.91 $53,718,476.45
$54,099,015.11

Page 129 of 533 ends

Public Trust Advisors 54
04/01/2025 to 06/30/2025
City of Los Altos
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
Receivable
CCYUSD
CASH
06/30/25
$36,658.54
$36,658.54
$36,658.54
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$56,177.74
$56,177.74
$56,177.74

FEDERATED HRMS TRS SVC
60934N872
MMFUND
06/30/25
11,558,745.23
11,558,745.23
11,558,745.23
7,205,420.73

0.00 0.00

0.00 125,213.83

0.00 0.00

0.00 18,764,165.96
18,764,165.96
18,764,165.96
AMXCA 2022-2 A
02582JJT8
ABS
05/15/25
369,918.16
369,419.29
369,419.29

0.00 0.00

0.00 (370,000.00)
2,090.50

0.00 0.00

0.00 0.00
COMET 2022-2 A
14041NGA3
ABS
05/15/25
334,946.47
334,557.47
334,557.47

0.00 0.00

0.00 (335,000.00)
1,948.58

0.00 0.00

0.00 0.00
DCENT 2022-2 A
254683CS2
ABS
05/15/25
269,978.05
269,549.94
269,549.94

0.00 0.00

0.00 (270,000.00)
1,494.00

0.00 0.00

0.00 0.00
HAROT 2021-4 A3
43815GAC3
ABS
01/21/26
11,385.40
7,905.24
7,905.24

0.00 0.00

0.00 (7,932.20)

7.80 0.00

0.01 0.00

0.00 0.00

0.00 BACCT 2023-1 A
05522RDG0
ABS
05/15/26
119,972.83
120,541.45
120,541.45

0.00 0.00

0.00 0.00
1,437.00

0.00 0.00
521.35
119,972.83
120,513.28
119,991.93
AMXCA 2023-1 A
02582JJZ4
ABS
05/15/26
139,987.58
140,776.79
140,776.79

0.00 0.00

0.00 0.00
1,704.51

0.00 0.00
726.65
139,987.58
140,722.53
139,995.88
FORDO 2022-A A3
345286AC2
ABS
06/15/26
17,177.26
11,945.15
11,945.15

0.00 0.00

0.00 (11,985.10)

24.70 0.00
(0.01)

0.00 0.00

0.00 0.00
CARMX 2021-3 A3
14317DAC4
ABS
06/15/26
24,922.64
13,491.37
13,491.37

0.00 0.00

0.00 (13,532.26)

8.67 0.00

0.00 0.00

0.00 BMWOT 2022-A A3
05602RAD3
ABS
08/25/26
27,738.37
26,995.41
26,995.41

0.00 0.00

0.00 (15,300.55)
174.89

0.00 (0.00)
(39.76)
12,066.99
11,760.18
11,799.94
COPAR 2021-1 A3
14044CAC6
ABS
09/15/26
25,116.52
16,989.40
16,989.40

0.00 0.00

0.00 (15,167.58)

22.64 0.00
(0.00)
(51.36)
2,817.40
1,913.30
1,964.65
TAOT 2022-B A3
89238FAD5
ABS
09/15/26
40,171.25
39,236.91
39,236.91

0.00 0.00

0.00 (18,131.08)
242.74

0.00 (0.00)
(83.41)
21,689.80
21,225.47
21,308.88

Page 130 of 533 ends

Public Trust Advisors 55
04/01/2025 to 06/30/2025
City of Los Altos
Portfolio Activity Summary
Description
Identifier
Security Type
Final Maturity
Beginning Original Cost
Beginning Market Value
Beginning Book Value
Purchases
Purchased Accrued
Sales
Disposed Accrued
Maturities
Paydowns
Interest Received
Transfers
Realized Gain/Loss
Unrealized Gain/Loss
Ending Original Cost
Ending Market Value
Ending Book Value
GMCAR 2021-4 A3
362554AC1
ABS
09/16/26
15,274.84
10,257.85
10,257.85

0.00 0.00

0.00 (10,059.96)

11.60 0.00
(0.00)
(4.40)
373.34
251.64
256.04
HART 2022-A A3
448977AD0
ABS
10/15/26
29,353.62
26,680.44
26,680.44

0.00 0.00

0.00 (17,662.98)
114.83

0.00 0.01
(46.68)
10,006.06
9,119.60
9,166.27
WOART 2021-D A3
98163KAC6
ABS
10/15/26
21,508.84
13,929.74
13,929.74

0.00 0.00

0.00 (13,977.31)

15.36 0.00

0.00 0.00

0.00 BACCT 2023-2 A
05522RDH8
ABS
11/16/26
169,977.17
171,767.46
171,767.46

0.00 0.00

0.00 0.00
2,116.50

0.00 0.00
1,809.70
169,977.17
171,798.24
169,988.54
GMCAR 2022-1 A3
380146AC4
ABS
11/16/26
20,598.18
16,073.01
16,073.01

0.00 0.00

0.00 (12,771.19)

36.91 0.00
(0.00)
(37.64)
4,317.55
3,382.06
3,419.69
ALLYA 2022-1 A3
02008JAC0
ABS
11/16/26
58,989.67
52,883.83
52,883.83

0.00 0.00

0.00 (27,714.06)
359.81

0.00 0.00
(277.01)
28,172.90
25,300.87
25,577.88
HDMOT 2022-A A3
41284YAD8
ABS
02/16/27
58,318.61
47,229.19
47,229.19

0.00 0.00

0.00 (29,312.90)
286.09

0.00 (0.00)
(277.94)
22,256.76
18,068.17
18,346.11
GMCAR 2022-2 A3
362585AC5
ABS
02/16/27
41,073.50
40,870.78
40,870.78

0.00 0.00

0.00 (15,864.70)
276.89

0.00 0.01
(86.54)
25,212.12
25,130.29
25,216.83
CARMX 2022-2 A3
14317HAC5
ABS
02/16/27
59,646.95
55,438.23
55,438.23

0.00 0.00

0.00 (22,070.34)
419.46

0.00 0.00
(313.16)
35,985.34
33,488.21
33,801.37
TAOT 2022-C A3
89231CAD9
ABS
04/15/27
58,061.61
57,826.72
57,826.72

0.00 0.00

0.00 (15,631.72)
495.69

0.00 (0.00)
(125.89)
42,432.50
42,312.56
42,438.45
CARMX 2022-3 A3
14318MAD1
ABS
04/15/27
123,916.14
123,597.22
123,597.22

0.00 0.00

0.00 (36,620.39)
1,104.34

0.00 0.00
(190.01)
87,296.62
87,108.34
87,298.35
GMCAR 2022-3 A3
36265WAD5
ABS
04/16/27
66,489.73
66,277.94
66,277.94

0.00 0.00

0.00 (24,529.35)
528.90

0.00 (0.01)
(80.01)
41,960.55
41,880.80
41,960.80
ALLYA 2022-2 A3
02008MAC3
ABS
05/17/27
208,437.29
208,562.21
208,562.21

0.00 0.00

0.00 (64,260.72)
2,218.42

0.00 0.00

55.20 144,177.37
144,234.07
144,178.87

Page 131 of 533 ends

Los Altos City CouncilNovember 18, 2025

Los Altos City Council
November 18, 2025