Finance Committee
August 25, 2025

SCADA and Instrumentation Upgrades
Landscaping, Security Fencing, and Irrigation Upgrades
On March 13, 2018, by Resolution No. 2018-118, Council approved the submittal of grant applications to the Drinking Water State Revolving Fund and State Water Resources Control Board for Planning/Design and Implementation Funding for the Grayson Water Infrastructure Project.

On May 18, 2022, Staff was notified by the State Water Resources Control Board that the Grayson Water Infrastructure Project had been awarded $653,200 in Planning/Design and Implementation funding.

The Grayson Water Infrastructure Project is currently in design.

DISCUSSION:

On December 29, 2022, President Biden signed the Fiscal Year (FY) 2023 Consolidated Appropriations Act into law. This law included a budget of $1,472,364,541 in funding for Congressionally Directed Spending on drinking water, wastewater, stormwater infrastructure, and water quality protection projects.

In April of 2023, the United States Environmental Protection Agency (EPA) published the Community Grants Program FY 2023 Final Implementation Guidance Document, which included a list of Projects eligible for planning, design, and construction grants; Under the State and Tribal Assistance Grants program, $1,750,000 was appropriated to the Grayson Water Infrastructure Improvements Project.

FISCAL IMPACT:

The Engineering Division of the Utilities Department is seeking $1,750,000 in grant funding to offset design and construction costs associated with the Grayson Water Infrastructure Project; Per the formula provided in the Implementation Guidance Document a local match of $437,500 would be required.

Expenses associated with this effort are housed in the following Capital Improvement Project:
101081 – Grayson System Improvements

ANTICIPATED ENGINEERING EXPENDITURES
Engineering Services Agreement – West Yost Associates $1,464,918 Additional Services (10%) if needed $146,492
City Construction Forces – City Staff Time $50,000
Engineering/Design/Administration – City Staff Time $120,000 TOTAL: $1,781,410
CEQA/NEPA REQUIREMENTS:

California Environmental Quality Act requirements will be identified and completed prior to the Award of a Construction Contract for this Project.
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Finance Committee, August 25, 2025
United States Environmental Protection Agency – Community Grants Program Grayson Water Infrastructure Improvements Project

RECOMMENDED COMMITTEE ACTION:

Staff Recommendations:

Motion recommending the submission of a Grant Application to the United States Environmental Protection Agency - Community Grants Program for the Grayson Water Infrastructure Improvements Project and forwarding to Council for approval.

Approved by:

William Wong, Director of Utilities
Joseph P. Lopez, City Manager
Attachments:

1. Community Grants Program
FY 2023 Final Implementation Guidance
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Community Grants
Program
FY 2023 FINAL IMPLEMENTATION GUIDANCE
APRIL 2023
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Contents
Purpose ........................................................................................................................................... 2 Background.................................................................................................................................... 2 Eligibility ........................................................................................................................................ 2 Technical Corrections ................................................................................................................... 2 Cost Share Requirements ............................................................................................................. 3 Waivers to Cost Share Requirements.......................................................................................... 5 Grant Administration: Community Grants Lifecycle................................................................ 8 Regulations and Requirements .................................................................................................. 11 Appendix A: Statutory Language .............................................................................................. 17 Appendix B: List of EPA Congressionally Directed Spending Community Projects and Funding Levels..................................................................................................................... 19 Appendix C: Technical Corrections-Procedural Information ................................................ 69 Appendix D: Application Forms and Attachments.................................................................. 71 Appendix E: Community Grants Workplan Contents/Outline .............................................. 76 Appendix F: Grant Policies and Resources............................................................................... 78 #7..
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Purpose
This document provides information and guidelines on how the U.S. Environmental Protection Agency (EPA) will award and administer water infrastructure projects identified as Congressionally Directed Spending (CDS) and Community Project Funding (CPF) items in Appropriations Acts. For Fiscal Year (FY) 2023, the Consolidated Appropriations Act (P.L. 117- 328) includes $1,472,364,541 in the State and Tribal Assistance Grants (STAG) account for 715 drinking water, wastewater, stormwater infrastructure, and water quality protection projects.1 Background
President Biden signed the FY 2023 Consolidated Appropriations Act (P.L. 117-328) into law on December 29, 2022. In this law, Congress continued the practice of funding specifically named community infrastructure projects, referred to by the Senate as CDS items and in the House of Representatives as CPF items. Appendix A of this document provides the pertinent section of the Consolidated Appropriations Act, 2023, also referred to as the EPA’s FY 2023 Appropriations Act. Water infrastructure CDS/CPF projects are further referred to as Community Grants projects in this document.

Eligibility
Community Grants projects are designated for the planning, design, and construction of drinking water, wastewater, and stormwater infrastructure and for water quality protection. Eligible Community Grant projects are included in Appropriations Acts. For FY 2023, eligible projects are referenced in the explanatory statement found in Appendix A. Appendix B lists each project that is eligible for funding under the FY 2023 Appropriations Act and identifies the state, recipient name, purpose, and appropriated funding amount of each project. EPA will use the Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF) framework to guide implementation of these Community Grants; the CWSRF and DWSRF eligibilities should be referred to for development of workplans, project scopes, costs, and sub-awards. Funds appropriated for Community Grants projects may not be awarded solely to repay loans received from SRF programs or to repay other debts unless there are explicit instructions to do so in Appropriations Acts or accompanying explanatory statements and/or committee reports. These funds may not be used for operation and maintenance.

Technical Corrections
Should a Community Grant recipient identified in an Appropriations Act need to modify the type, purpose, or named recipient of the Community Grant, a technical correction will be needed.

The Agency’s FY 2006 Appropriations Act (P.L. 109-54) included a permanent authority that allows EPA to make technical corrections to Community Grants only after consultation with Congress, without the need for additional legislation. For example, if a recipient (e.g., City of Salem) is named in the authorizing language but a different legal entity (e.g., Salem Wastewater 1 In the FY 2023 Consolidated Appropriations Act, EPA received a total of 733 CDS/CPF projects for $1,502,588,541. Of this total, 715 projects are for water community projects; this document pertains to these projects.
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Utility) owns the infrastructure, the recipient can request a technical correction. As another example, if the Appropriations Act provides for a specific type of project (e.g., drinking water) when a different type of project (e.g., wastewater) is needed, the recipient can request a technical correction to change the project type.

Appropriate Types of Technical Corrections
A technical correction can be made for all, or part of a project identified in an Appropriations Act to change the recipient, the purpose, or both. The statutory language that provides EPA with the authority to make technical corrections does not limit the extent to which a technical correction can alter the original project, if the new project provides for water quality protection or involves construction2 of drinking water, wastewater, or stormwater infrastructure. Technical corrections cannot, however, be used to change the project purpose to debt repayment, because debt repayment does not meet the statutory terms of the authority. After consultation with the House and Senate Committees on Appropriations, EPA will generally approve changes in purpose that meet the above criteria or changes in recipient where both the original entity and the new entity to be named concur with the change. Any technical correction request involving a change to both the purpose and the recipient entity must be accompanied by additional documentation explaining:
• The need or reason for the change;
• The relationship between the two entities;
• Who initiated the request; and
• The involvement of any third parties, if known.

Additional information on technical corrections is provided in Appendix C.

Cost Share Requirements
Appropriations Acts require each Community Grant recipient to provide a cost share from nonfederal sources unless the recipient is approved for a cost share waiver by EPA. For FY 2023, the cost share amount is 20% of the total grant project cost. All contributions toward cost share should be included in the grant budget and must be categorized in the appropriate grant budget category (see Appendix D for more information on budget development). The source of the cost share must be included in the workplan and payment requests. EPA may pay 80% of costs shown on approved payment requests up to the approved federal funding amount. • All grant funds, including a cost share, can be used only for allowable costs in executing the project. All cost sharing funds must have supporting source documents (a record that supports a transaction).
• Services donated to recipients may be furnished by professional and technical personnel and consultants in accordance with 2 CFR 200.434. Dollar values must be placed on all 2 “The term ‘construction’ means any one or more of the following: preliminary planning to determine the feasibility of treatment works, engineering, architectural, legal, fiscal, or economic investigations or studies, surveys, designs, plans, working drawings, specifications, procedures, field testing of innovative or alternative waste water treatment processes and techniques meeting guidelines promulgated under section 1314(d)(3) of this title, or other necessary actions, erection, building, acquisition, alteration, remodeling, improvement, or extension of treatment works, or the inspection or supervision of any of the foregoing items.” (33 U.S.C. § 1292(1)). #7..
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donated services in accordance with 2 CFR 200.306. All cost sharing funds must be included in the workplan and budget and be part of the grant’s total project costs. • All cost sharing funds must conform to the same laws, regulations, grant conditions, etc., as the federal funds within the grant; recipients may prefer to limit cost sharing to the amount required.

See Appendix D and Appendix F for information on general principles of cost allowability.

Sources of Cost Share
Eligible sources of “non-federal” funds to meet the cost share requirement are described below; recipients can use any or a combination of the following eligible sources if the requirements in 2 CFR 200.306 are met:
1) Public sources3
. The following public funding sources can be used to meet the cost share requirement:
• State appropriations;
• Local government match to the grant project;
• U.S. Department of Housing and Urban Development, Community Development Block Grant funds;
• U.S. Department of Agriculture, Rural Development funds; • Appalachian Regional Commission funds; and,
• The CWSRF and DWSRF programs if those funds are:
o non-federal funds such as loan repayments, interest earnings, bond proceeds, and fees, or
o a state contribution to the SRF above the statutorily required 20% match.

Note: EPA has issued a class deviation document pertaining to CWSRF and a policy memo pertaining to DWSRF that allow Community Grant recipients to use certain sources of funds from the two SRF programs as the non-federal cost share. The class deviation and policy documents allow SRF programs to use the non-federal and nonstate match share of SRF funds to provide loans that Community Grant recipients can use as the cost share for community projects.

Funding made available to jurisdictions through the American Rescue Plan Act of 2021 (ARPA), including ARPA Revenue loss funds, cannot be used to meet the non-federal cost share requirement.
2) Private sources. These include funding from a business or nonprofit contributing to the project.
3) In-kind services. These may include the applicant’s administrative expenses for managing and overseeing the grant and projects, provided that the expenses are not being reimbursed by the federal share of the grant award. In-kind services contributed by other 3 Community Grant recipients can use federal funds from other programs as all, or part, of the cost share only if the statute authorizing those programs specifically allows the funds to be used as match for other federal grants.

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entities may also be allowable as cost share. Force accounts may be used as in-kind services: personnel costs include salaries, wages, and allowable incentive compensation for recipient employees (i.e., who receive W-2 forms) who spend time working on the project. In-kind (cost share) contributions must be verifiable and documented. For example, if the recipient does not intend to charge the EPA assistance agreement for all time employees spend working on the project, the applicant may include salaries or wages in the personnel category for cost share purposes.

Determining Cost Share Amount
For the purposes of calculating the cost share amount, the amount specified in the FY 2023 Appropriations Act for EPA’s contribution represents 80% of the total grant project cost.

Grant applications are not required to reflect costs that exceed total grant project costs as calculated below; this is the minimum total grant project cost required to receive the full FY 2023 appropriation amount.

The following example demonstrates how to calculate the cost share amount using $100,000 as the EPA contribution:

A. Identify the Total Grant Project Cost
Divide the EPA contribution by .80 to calculate the total grant project cost:
$100,000 ÷ 0.80 = $125,000.
$125,000 is the total grant project cost

B. Multiply the Total Grant Project Cost by .20 to determine the cost share amount Total grant project cost x .20 = required cost share amount $125,000 x .20 = $25,000
$25,000 is the required 20% cost share amount

C. Confirm
Total grant project cost = EPA Contribution + Cost Share Amount. $125,000 = $100,000 + $25,000
Waivers to Cost Share Requirements
EPA supports waiving required non-federal cost share for projects located in, or that primarily serve, disadvantaged communities. EPA is using the discretion provided by the FY 2023 Appropriations Act (see Appendix A) to consider waiving or reducing statutorily required nonfederal cost share on Community Grant funds when requested and appropriate. #7..
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For projects identified in the FY 2023 Appropriations Act, EPA will consider the Cost Share Waiver Criteria A – F4
below, in defining disadvantaged communities for the purposes of Community Grants. This set of criteria differs from that which is available when EPA considers requests for waivers from the cost share requirement for projects identified in the FY 2022 Appropriations Act.5 Projects identified in the FY 2023 Appropriations Act that are in communities that meet at least one of the criteria below may request a waiver of the non-federal cost share requirement under the Community Grants Program. Systems that serve large service areas with a specific project that will primarily serve a subset of its service area that meets one of these criteria may also request a waiver.

Waivers to the cost share requirement must be approved by EPA’s Assistant Administrator for Water, in accordance with EPA’s Delegation of Authority 1-102.6 Recipients requesting cost share waivers should submit a written request to the Regional EPA Project Officer for consideration. Waiver requests should include applicable Cost Share Waiver Criteria(s) and any related supporting documentation including source data retrieved from the websites noted below.

Many of the criteria can be found online on the Census Bureau’s website. Recipients can start by entering their community’s name in the search bar and viewing the community’s profile. Tables and graphics from the Census Bureau’s website can be downloaded or embedded in a recipient’s cost share waiver request. Recipients should use the most recent data available. Specific tables with more detailed information and other publicly available datasets beyond the community profile page for each metric are provided below.

Cost Share Waiver Criteria
A. Community median household income (MHI) is less than 80% of State MHI o MHI can be found on a community’s profile page of the US Census Bureau – use the search function to find your community. Communities should use the most recent data available.
o MHI is also available for most communities from the latest annual Census American Community Survey (ACS) data collection. In the few cases where a 4 EPA developed Cost Share Waiver Criteria A – F for the purposes of assessing the appropriateness of waiving the cost share requirement for the 715 drinking water, wastewater, stormwater infrastructure, and water quality protection projects identified in the FY2023 Consolidation Appropriations Act, based on EPA’s Memorandum:

Implementation of the Clean Water and Drinking Water State Revolving Fund Provisions of the Bipartisan Infrastructure Law, March 8, 2022 (see Attachment 1, Appendix E, of the memorandum). 5 EPA’s FY 2022 Community Grants Implementation Guidance identifies three criteria that are not available for consideration of cost share waivers for projects identified in the FY 2023 Appropriations Act: Communities with ≥

3.4% unemployed population ≥ 16 years in civilian labor force, Communities with ≥ 12.1% vacant households, and Communities in counties with Social Vulnerability Index scores higher than 0.80. 6 EPA’s Delegation of Authority 1-102, Grants and Cooperative Agreements for Water Infrastructure Projects or Other Water Resource Projects from Funds Appropriated for the State and Tribal Assistance Grant Account or the Environmental Programs and Management Account, authorizes EPA’s Assistant Administrator for Water and Regional Administrators, “To approve and administer grants and cooperative agreements for water infrastructure projects or other water resource projects from funds appropriated for the State and Tribal Assistance Grant Account or the Environmental Programs and Management Account or any successor accounts, including a project authorized by Section 510 of the Water Quality Act of 1987, P.L. 100-4, 101 Stat. 7,80, EPA's FY 1991 Appropriations Act (P.L. 101-507), and any subsequent public law; and to perform other activities necessary for the effective administration of those grants and cooperative agreements.” #7..
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local jurisdiction's MHI is not available, the surrounding county's MHI may be sufficient. The Census Bureau provides annual 5-Year Average Median Household Income data in Table B19013. Click on the B19013 Table, select GEOS and search under “most common geographies” select “State” and then select the relevant and enter community name in the search bar.

B. Communities with $25,766 or less upper limit of Lowest Quintile Income • Communities can view their Lowest Quintile Income on the Census Bureau website and search by community name and “B19080 HOUSEHOLD INCOME QUINTILE UPPER LIMITS.” Communities should use the most recent data.

C. Communities with ≥ 30.9% Population Living Under 200% of Poverty Level o The US Department of Health and Human Services provides US Federal Poverty Guidelines, including a chart with percentage of poverty levels (i.e., 200%). o More detailed information on the population living under the poverty level can be found in Table S1701: Poverty Status in the Past 12 months for communities.

D. Community with census tracts that have a poverty rate greater than or equal to 20%
o Percent of the poverty rate can be found on a community’s profile page provided by the Census Bureau.
o More detailed information can be found in Table S1701: Poverty Status in the Past 12 months.

E. Combined sewer and drinking water costs are greater than 2% of the 20th percentile household income
o Communities can view their Lowest Quintile Income on the Census Bureau website and search by community name and “B19080 HOUSEHOLD INCOME QUINTILE UPPER LIMITS”. Communities should use the most recent data. o The total bills for one year for residential customers can be found from the community’s local utilities.

F. Communities with ≥ 11.7% Population Receiving Food Stamps/SNAP Benefits o Communities can find the percentage of their population receiving SNAP benefits on the Census Bureau website. Select “view state and local data” to search by state and then City/town or county.

Insular Territories Projects
The non-federal cost share requirement is waived for any community projects located in the U.S. territories. This is consistent with the Omnibus Territories Act of 1977, which authorizes Departments and Agencies to award grants to Insular Territories, such as the U.S. Virgin Islands, without a match requirement.

Tribal Projects
Consistent with the implementation of the Clean Water Indian Set-Aside Grant Program under Clean Water Act (CWA) Section 518 and the Drinking Water Infrastructure Grants Tribal SetAside Program under Safe Drinking Water Act (SDWA) Section 1452(i), which do not require tribal cost share, EPA will waive the non-federal cost share for tribal community projects. #7..
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Grant Administration: Community Grants Lifecycle
EPA’s Community Grant appropriations are STAG infrastructure grants to improve water infrastructure and water quality through funding for drinking water, wastewater, and stormwater projects. Appendix B lists the 715 water CDS/CPF projects identified in the FY 2023 Appropriations Act. These 715 projects are collectively funded “off the top” at a level of $863,108,642 from the FY 2023 general CWSRF appropriations and $609,255,899 from the FY 2023 general DWSRF appropriations.

EPA’s Regional Offices will administer Community Grants as authorized under EPA’s Delegation of Authority 1-102.6 Per EPA’s Delegation of Authority 1-14A, 7 EPA Regional
Administrators are authorized to award grants and cooperative agreements, including Community Grants, that were appropriated in FY 2023.

The following sections describe the lifecycle stages of each award. Additional information on grants policies and resources, including on receiving and managing EPA grants, is listed in Appendix F.

Pre-Award Phase
While Congress directs Community Grant funds to specified recipients for defined projects, recipients are required to fulfill statutory and regulatory requirements before EPA can award grant funding. These requirements include but are not limited to providing necessary information for the National Environmental Policy Act (NEPA) environmental review, review of any preaward costs, and submitting a complete grant application package. Appendix D and Appendix E provide information on grant application package content and submission.

1. NEPA Environmental Review
As required by EPA’s NEPA implementing regulations (40 CFR 6.100-6.406), EPA must complete the NEPA review process before awarding a grant for design and/or construction.

The requirement for an environmental review under NEPA generally does not apply to grants solely for planning activities, such as infrastructure assessments, watershed plans, and wastewater capital improvement plans. Applicants should check with their EPA Regional Contact to determine if NEPA applies to a particular Community Grant. See the Regulations and Requirements section and Appendix F for additional information about NEPA Environmental Review.

2. Pre-award Costs and Procurement Review
Costs incurred prior to grant awards may be eligible for reimbursement if the costs are in conformance with applicable federal and EPA statutes and regulations. Incurred costs are financial obligations: costs owed by an entity as a result of a transaction. The costs may have 7 EPA’s Delegation of Authority 1-14A, Assistance Agreements, authorizes Regional Administrators, the Assistant Administrator for Mission Support, and the Chief Financial Officer, “To take all necessary actions to award, obligate and de-obligate funds for, and administer fellowship, grant, cooperative and loan agreements (hereinafter financial assistance), and to make any final determinations required by law or regulations, with eligible recipients.” #7..
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been paid or remain unpaid. The regulations at 2 CFR 200.458 require that pre-award costs be incurred “…directly pursuant to the negotiation and in anticipation of the Federal award where such costs are necessary for efficient and timely performance of the scope of work.

Such costs are allowable only to the extent that they would have been allowable if incurred after the date of the Federal award and only with the written approval of the Federal awarding agency. If charged to the award, these costs must be charged to the initial budget period of the award, unless otherwise specified by the Federal awarding agency or passthrough entity.” For Community Grants projects identified in the FY 2023 Appropriations Act, pre-award costs must be incurred on or after October 1, 2022, to be considered for eligibility.

Notwithstanding, and consistent with 2 CFR 1500.9, all costs incurred before EPA makes the award are at the recipient’s risk. EPA shall review the eligibility of such costs on a case-bycase basis prior to approving the project budget and awarding the grant.

A review of pre-award costs includes a review of contracts executed prior to award for compliance with applicable procurement regulations as described in Regulations and Requirements.

3. Application Forms, Workplan, and Submitting an Application Upon completion of an environmental review under NEPA, development of a project workplan8, and review of any pre-award costs (including any costs related procurement), applicants should submit a complete grant application package to EPA. The workplan and application must include any pre-award costs. Recipients must ensure that their organizations have registered with the federal government’s System for Award Management (SAM).

Recipients must have an active registration/record with SAM.gov and complete the Grants.gov registration process to apply for any federal funding.

The complete grant application includes several forms, as described in Appendix D. These forms must be downloaded from the Community Grant opportunity package on Grants.gov - generic versions of the standard forms not downloaded from the Grants.gov website will not 8 The SRF appropriations are the vehicles being used to appropriate the CDS/CPF funds. However, the SRF authorities do not govern or authorize the CDS/CPF grants. The Consolidated Appropriations Act is structured so that the CDS/CPF funding is taken from the total amount in the SRF appropriations prior to the SRF allocation to the states. Accordingly, Program Results Codes (PRCs) have been assigned to each CDS/CPF project’s funding based on the SRF account from which each project’s funding was appropriated. However, the authorities governing the CDS/CPF projects are the language in the FY 2023 Consolidated Appropriations Act, which states that, “…$863,108,642 of the funds made available for capitalization grants for the Clean Water State Revolving Funds and $609,255,899 of the funds made available for capitalization grants for the Drinking Water State Revolving Funds shall be for the construction of drinking water, wastewater, and storm water infrastructure and for water quality protection…” and in the explanatory statement accompanying the FY 2023 Consolidated Appropriations Act (Appendix A).” Therefore, CDS/CPF grant/workplan activities may entail construction of drinking water, wastewater, and storm water infrastructure, and water quality protection related tasks, irrespective of EPA’s assignment of PRC. Additionally, there is language in the explanatory statement that indicates the SRF is not intended to be the authority for the CDS/CPF funds. For example, the explanatory statement states: “Applicable Federal requirements that would apply to a Clean Water State Revolving Fund or Drinking Water State Revolving Fund project grant recipient shall apply to a recipient receiving a CDS/CPF grant under this section.” That direction would be unnecessary if Congress was appropriating the CDS/CPF funds under the SRF authorities. #7..
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be accepted. See Appendix D for instructions on how to navigate to the Funding Opportunity Package and download the standard forms. Appendix F includes information on budget development and allowability of costs. In addition to the required forms, grant applicants must submit a project workplan that describes the proposed project, the milestone schedule, the need for the project, and the anticipated environmental and public health benefits (outputs and outcomes). See Community Grants Workplan Contents/Outline in Appendix E for more information.

Applicants must submit a complete application package (with all required forms, a workplan, and additional required documentation) for EPA review and approval, through the grants.gov portal. See additional information in Appendix D.

Post-Award Phase
After receiving an award, the recipient is ready to start working on the activities outlined in the approved workplan. Adhering to various grant regulations and the terms and conditions outlined in the grant agreement are critical to ensuring a successful grant project. • Recipients submit payment requests to EPA for incurred costs. In some cases, pre-award costs may be included. Once the payment request is approved, the recipient can draw down the requested amount. As required by 2 CFR 200.305(b), EPA requires that recipients of EPA financial assistance participate in the Automated Standard Application for Payments (ASAP) system. Recipients must request payment for the minimum amounts needed for actual and immediate cash. Recipients will submit a payment request including supporting documentation such as copies of bills (vouchers, invoices, etc.), along with a description of services rendered, time spent, and charges for EPA review and approval. After review and approval, EPA will pay the recipient for the federal share of the allowable costs shown on the payment request. Information on ASAP is available online. • EPA grants contain General, Administrative, and Programmatic terms and conditions, which include reporting requirements such as filing an interim (annual) Federal Financial Report (FFR), annual MBE/WBE Reporting, and progress report submission. EPA’s General Terms and Conditions are applicable to all EPA awards, and additional terms and conditions for Community Grants awards will be specified in individual award agreements. Recipients should regularly review grant award terms and conditions throughout the life of the project to ensure that the organization remains in compliance with all requirements and must inform EPA if problems arise that jeopardize the completion of the project. EPA Regional Offices perform construction monitoring and oversight.
• Recipients’ personnel payroll and records system must be capable of providing reports on the activities of each employee who works directly on a grant. Charges to federal awards for salaries and wages must be based on records that accurately reflect the work performed.

Activity reports are typically signed by the individual employee and/or by a responsible supervisory official having first-hand knowledge of the activities performed by an employee.

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covered by the reports. 2 CFR 200.430 provides additional information on Standards for Documentation of Personnel Expenses.
• Recipients should contact the EPA Project Officer should any changes to the grant agreement (e.g., workplan, milestone schedule, budget) become necessary for the project to succeed, as soon as possible to discuss the changes. In accordance with 2 CFR 200.308, most changes must be approved by EPA and may require a formal amendment to the assistance agreement. • EPA conducts administrative monitoring, including reviewing recipient invoices/payment requests and programmatic reports, and can request access to all records and conduct grant audits. EPA can disallow costs and take enforcement actions if the recipient fails to remain in compliance.

Closeout Phase
Closeout refers to the process EPA uses to determine that a recipient has completed all the required workplan activities under a grant and confirm that all applicable financial and administrative requirements as described in 2 CFR 200.344 have been met. • Recipients must submit the final progress report according to the terms and conditions listed in the grant agreement and should demonstrate satisfactory completion of all workplan tasks and activities.

• Recipients prepare and submit several reports as part of the grant closeout process. EPA’s Frequently Asked Questions about Closeouts provides information about closeout requirements, procedures, records retention, and associated regulations. EPA provides more information for recipients via the online course on closing out grants.

Regulations and Requirements
Recipients are responsible for compliance with many statutes, regulations, and requirements including but not limited to EPA’s general regulations. In addition, each grant agreement will specify terms and conditions that establish a legally binding agreement between EPA and the recipient including but not limited to EPA’s General Terms and Conditions. Details and information related to several requirements that are of particular importance for recipient compliance prior to receiving grant awards are discussed below. Additional information and resources on these requirements, including recipient responsibilities for compliance, can be found in Appendix F. EPA will review documentation from recipients to assess eligibility of costs incurred in accordance with EPA’s General Principles for Cost Allowability, as described in EPA’s Interim General Budget Development Guidance.

Environmental Review
NEPA and other relevant applicable statutes and Executive Orders, such as the Endangered Species Act (ESA), apply to Community Grants projects authorized by the Annual Appropriations Acts. The applicable NEPA regulations are the Council of Environmental #7..
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Quality’s (CEQ) implementing regulations at 40 CFR Parts 1500-1508 and EPA’s NEPA regulations at 40 CFR Part 6. In accordance with EPA’s NEPA regulations, EPA must complete the NEPA process before issuing a grant award for construction activities.

NEPA and other cross-cutting Federal requirements that apply to the project (i.e., the approval and/or funding of work beyond the conceptual design point) cannot be delegated. Although EPA may fund the recipient’s development of an Environmental Information Document (EID) or other analysis for cross cutting authorities or executive orders in order to provide supporting information, EPA has the legal obligation to make the NEPA related decision, to issue the NEPA documents, to sign NEPA determinations, and to fulfill other cross-cutting Federal requirements before approving or paying for design and/or construction. Therefore, EPA grant funds cannot be used to prepare a federal document, such as an Environmental Assessment (EA) or Environmental Impact Statement (EIS).

When both EPA and another Federal agency are funding the same project, the agencies may negotiate an agreement for one to be the lead agency for performing grant oversight and management activities, including those related to NEPA and other cross-cutting Federal requirements. The lead agency can be the one that is providing the most funds for the project, or the agency that provided the initial funds for the project. The CEQ NEPA regulations at 40 CFR 1501.7(c) provide the factors listed in order of descending importance to determine the lead agency designation. If an EIS is required on a joint or related Federal action, EPA may serve as a co-lead or request to be a cooperating agency. In addition, EPA may adopt another Federal agency’s EIS or EA. Note EPA may adopt another Federal agency’s EA and use it as a basis for its Finding of No Significant Impact (FONSI), provided EPA has independently reviewed the EA and agrees with the analysis and circulates the FONSI and attached EA for the requisite 30-day comment period.

Recipients with CWSRF or DWSRF co-funded projects for which a State Environmental Review Process (SERP) has been completed can submit the completed state analysis for EPA review.

EPA will review the SERP document and will incorporate by reference any pertinent part of that document into EPA’s environmental document. EPA will request additional information from the recipient if necessary for EPA to conduct its own environmental analysis.

Each federal agency has its own regulations pertaining to the NEPA environmental review process. Recipients with projects that have undergone an environmental review by another federal agency may submit documents pertaining to another federal agency’s analysis for EPA review. EPA will independently review these documents to determine if the proposed actions is substantially the same and if it meets the standards of an adequate EIS, EA, or Categorical Exclusion (CATEX) determination. If so, EPA may adopt the federal EIS, EA, or CATEX determination, pursuant to 40 CFR 1506.3. If EPA is unable to adopt the federal EIS, EA, or CATEX determination, EPA will conduct its own environmental review and incorporate by reference any pertinent part of the agency’s environmental document. EPA will request additional information from the recipient if necessary for EPA to conduct its own environmental review. See Appendix F for additional information on CATEX and EID development.

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For design and construction projects for which another federal agency has not completed a NEPA review and projects that CWSRF or DWSRF do not co-fund and/or have not undergone a SERP, recipients will need to determine whether to request a CATEX from EPA or to prepare and submit an EID in order to proceed with a NEPA review.

Procurement
In general, all procurement transactions for professional engineering services and construction contractors must be conducted in a manner that includes and promotes fair and open competition from an adequate number of qualified sources. 2 CFR 200.320 details the specific methods of procurement to be followed and the circumstances under which each method can be used.

Recipients and subrecipients must have and use documented procurement procedures, consistent with State, local or tribal laws and regulation as well as Federal laws and regulations in accordance with the Procurement Standards contained in 2 CFR 200.317 – 2 CFR 200.327.

In accordance with 2 CFR 200.325, recipients must provide EPA with technical specifications on proposed procurements when requested by EPA, including when pre-award costs are being considered for eligibility. In addition, upon request by EPA’s Grants Management Office (GMO) under 2 CFR 200.325 or 2 CFR 200.337, grantees must provide procurement documents to EPA for pre-procurement review when EPA is concerned that the grantee’s procurement procedures or practices do not comply with federal procurement requirements, including but not limited to procurements that do not comply with competition requirements. As provided in 2 CFR 200.332(d) and the terms of conditions of their EPA award, pass-through entities are responsible for monitoring subrecipient compliance with procurement requirements in 2 CFR Parts 200 and 1500. EPA’s GMO may also request that pass-through entities provide EPA with information regarding subrecipient compliance with these requirements.

Selection of Architects and Engineers (projects inclusive of CWSRF-eligible activities) Projects consisting of CWSRF-eligible activities, irrespective of whether such projects are cofunded with CWSRF funding, must comply with the procurement processes for architectural and engineering (A/E) services as identified in 40 U.S.C. 1101 et seq., or an equivalent State requirement. Where equivalent State requirements are complied with, the source of the requirement (e.g., existing State legislation or regulation, etc.) must be stated, and the Governor of the State must provide a certification to accompany the grant application that the State’s A/E procurement requirements are equivalent to 40 U.S.C. 1101 et seq.. In lieu of a certification from the Governor, the Attorney General’s certification submitted with each grant application may include the A/E certification.

EPA’s Disadvantaged Business Enterprise (DBE) Program
EPA’s DBE Program applies to all EPA Assistance Agreements and requires recipients who procure goods and/or services to: employ the good faith efforts, document their efforts, and maintain DBE forms and other documentation from the prime contractor. EPA grant recipients and subrecipients are required to seek and encouraged to utilize disadvantaged business enterprises (DBEs) for their procurement needs under grant agreements. Recipients and subrecipients must ensure that their contracts contain the following term and condition:
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“The contractor shall not discriminate on the basis of race, color, national origin, or sex in the performance of this contract. The contractor shall carry out applicable requirements of 40 CFR Part 33 in the award and administration of contracts awarded under EPA financial assistance agreements. Failure by the contractor to carry out these requirements is a material breach of this contract which may result in termination of this contract or other legally available remedies.”
Other DBE requirements are identified in 40 CFR Part 33.

Davis Bacon Act (DBA)
The DBA requires that all contractors and subcontractors performing construction, alteration, and repair (including painting and decorating) work under federal contracts in excess of $2,000, pay their laborers and mechanics not less than the prevailing wage and fringe benefits for the geographic location. DBA requirements may be extended to federal financial assistance programs by the terms of other statutes (referred to as Davis Bacon and Related Acts (DBRA)) establishing or funding the programs. The FY 2022 Appropriations Act provides that those federal requirements that would apply to a CWSRF or DWSRF project grant recipient shall also apply to a grantee receiving a Community Grant, and the FY 2023 Appropriations Act directs the Agency to follow the guidance in the joint explanatory statement accompanying the FY 2022 Appropriations Act (see Appendix A). Consequently, the FY 2023 Appropriations Act extends DBRA provisions applicable to state revolving fund projects to the Community Grants. Clean Water Act (CWA) Sec. 513 applies DBA requirements to projects for treatment works. DBA requirements apply to all laborers and mechanics employed by contractors and subcontractors with job duties that are physical and manual in nature including: laborers and mechanics, watchmen or guards (under certain conditions), and working foremen (under certain conditions).

The term laborer or mechanic does not include workers whose duties are primarily administrative, executive, or clerical, rather than manual. Requirements only apply to construction at the “site of the work,” which has generally been defined as the physical place where the construction occurs. Work conducted off-site is generally not covered. EPA’s Interim Davis-Bacon Act Guidance provides additional information on requirements and compliance.

Build America, Buy America (BABA)
BABA states that: “[N]one of the funds made available for a Federal financial assistance program for infrastructure…may be obligated for a project unless all of the iron, steel, manufactured products, and construction materials used in the project are produced in the United States.” Project means any activity related to the construction, alteration, maintenance, or repair of infrastructure in the United States. This law applies to all Federal financial assistance as defined in section 2 CFR 200.1, whether funded through the Infrastructure Investment and Jobs Act (IIJA) or not. New awards made on or after May 14, 2022, must comply with BABA requirements. EPA provides information and guidance on BABA compliance, implementation, and any applicable waivers. Recipients are required to ensure that procurement plans comply with BABA requirements prior to grants being awarded.
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American Iron and Steel (AIS)
The AIS provision requires recipients to use iron and steel products that are produced in the United States for the construction, alteration, maintenance, or repair of a public water system or treatment works. Compliance with AIS requirements for iron and steel products will satisfy a subset of BABA requirements (e.g., those pertaining to iron and steel); however, BABA also includes requirements pertaining to manufactured goods and construction materials, which must also be met. Projects in compliance with BABA are in compliance with AIS. EPA provides information and guidance on AIS compliance and implementation, any applicable waivers, as well as a step-by-step process for requesting waivers and the circumstances under which waivers may be granted.

Federal Cross-cutting Requirements/Other Applicable Federal Laws Recipients must comply with Federal cross-cutting requirements as well as other applicable Federal laws. These requirements may include but are not limited to – • Environmental Authorities: Archeological and Historic Preservation Act, Pub. L. 93- 291, as amended; Clean Air Act, Pub. L. 95-95, as amended; Clean Water Act, Titles III, IV and V, Pub. L. 92-500, as amended; Coastal Barrier Resources Act, Pub. L. 97-348; Coastal Zone Management Act, Pub. L. 92-583, as amended; Endangered Species Act, Pub. L. 93-205, as amended; Environmental Justice, Executive Order 12898; Flood Plain Management, Executive Order 11988, as amended by Executive Order 12148; Protection of Wetlands, Executive Order 11990, as amended by Executive Order 12608; Farmland Protection Policy Act, Pub. L. 97-98; Fish and Wildlife Coordination Act, Pub. L. 85- 624, as amended; Magnuson-Stevens Fishery Conservation and Management Act, Pub. L. 94-265; National Environmental Policy Act, Pub. L. 91-190; National Historic Preservation Act, Pub. L. 89-655, as amended; Safe Drinking Water Act, Pub L. 93-523, as amended; Wild and Scenic Rivers Act, Pub. L. 90-54, as amended; • Economic and Miscellaneous Authorities: OSHA Worker Health and Safety Standards; Contract Work Hours and Safety Standards Act, Pub. L. 91-54; Debarment and Suspension, Executive Order 12549; Demonstration Cities and Metropolitan Development Act, Pub. L. 89 -754, as amended, and Executive Order 12372; DrugFree Workplace Act, Pub. L. 100-690; Copeland “Anti-kickback” Act, Pub. L. 73-324; Government Neutrality Toward Contractor's Labor Relations, Executive Order 13202, as amended by Executive Order 13208; New Restrictions on Lobbying, Section 319 of Pub. L. 101-121; Prohibitionsrelating to violations of the Clean Water Act or Clean Air Act with respect to Federal contracts, grants, or loans under Section 306 of the Clean Air Act and Section 508 of the Clean Water Act, and Executive Order 11738; Uniform Relocation and Real Property Acquisition Policies Act, Pub. L. 91-646, as amended;
• Civil Rights, Nondiscrimination, Equal Employment Opportunity Authorities: Age Discrimination Act, Pub. L. 94-135; Equal Employment Opportunity, Executive #7..
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Order 11246; Section 13 of the Clean Water Act, Pub. L. 92-500; Section 504 of the Rehabilitation Act, Pub. L 93-112, supplemented by Executive Orders 11914 and 11250; Title VI of the Civil Rights Act, Pub. L 88-352; o Under Title VI of the Civil Rights Act, EPA has a responsibility to ensure that federal funds are not being used to subsidize discrimination based on race, color, or national origin. This prohibition against discrimination under Title VI has been a statutory mandate since 1964, and EPA has had Title VI regulations since 1973.

EPA’s nondiscrimination regulations prohibit recipients of EPA financial assistance from taking actions in their programs or activities that are intentionally discriminatory and/or have a discriminatory effect based on race, color, national origin (including limited English proficiency), age, disability, or sex. • Disadvantaged Business Enterprise Authorities: EPA's FY 1993 Appropriations Act, Pub. L. 102-389; Section 129 of the Small Business Administration Reauthorization and Amendment Act, Pub. L. 100-590; Small, Minority and Women Owned Business Enterprises, Executive Orders 11625, 12138, and 12432.

Regional Contacts
For general questions about the Community Grants Program, or for project specific questions that require the assistance of an EPA Regional Office, contact the EPA Regional Contact. #7..
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Appendix A: Statutory Language
The Consolidated Appropriations Act, 2023,9 contains the following provision:

For environmental programs and infrastructure assistance, including capitalization grants for State revolving funds and performance partnership grants, $4,480,428,000, to remain available until expended, of which— (1) $1,638,861,000 shall be for making capitalization grants for the Clean Water State Revolving Funds under title VI of the Federal Water Pollution Control Act; and of which $1,126,101,000 shall be for making capitalization grants for the Drinking Water State Revolving Funds under section 1452 of the Safe Drinking Water Act: Provided, That $863,108,642 of the funds made available for capitalization grants for the Clean Water State Revolving Funds and $609,255,899 of the funds made available for capitalization grants for the Drinking Water State Revolving Funds shall be for the construction of drinking water, wastewater, and storm water infrastructure and for water quality protection in accordance with the terms and conditions specified for such grants in the explanatory statement described in section 4 (in the matter preceding division A of this consolidated Act) for projects specified for ‘‘STAG—Drinking Water SRF’’ and ‘‘STAG—Clean Water SRF’’ in the table titled ‘‘Interior and Environment Incorporation of Community Project Funding Items/Congressionally Directed Spending Items’’ included for this division in the explanatory statement described in section 4 (in the matter preceding division A of this consolidated Act), and, for purposes of these grants, each grantee shall contribute not less than 20 percent of the cost of the project unless the grantee is approved for a waiver by the Agency[.]

The aforementioned “explanatory statement10” accompanying the Consolidated Appropriations Act, 2023, states:

The bill provides $4,480,428,000 for the State and Tribal Assistance Grants program and includes the following specific funding levels and direction: Community Project Funding Items/Congressionally Directed Spending Items.-From within funds provided for capitalization grants for the Clean Water State Revolving Fund and the Drinking Water State Revolving Fund, the Committees recommend $863,108,642 from the Clean Water SRF and $609,255,899 from the Drinking Water SRF be for Community Project Funding/Congressionally Directed Spending grants for the construction of drinking water, waste-water, and storm-water infrastructure and for water quality protection. The Agency is directed to follow the guidance in the joint explanatory statement accompanying Public Law 117-103.

The aforementioned joint “explanatory statement11” accompanying Public Law 117 - 103, states:
9 P.L. 117-328. 10 Explanatory Statement Explanatory Statement for Division G of P.L. 117-328. 11 Explanatory Statement for Division G of P.L. 117-103. #7..
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Community Project Funding Items/Congressionally Directed Spending Items.—From within funds provided for capitalization grants for the Clean Water State Revolving Fund and the Drinking Water State Revolving Fund, the Committees recommend $443,639,051 from the Clean Water SRF and $397,766,044 from the Drinking Water SRF be for Community Project Funding/Congressionally Directed Spending grants for the construction of drinking water, waste-water, and storm-water infrastructure and for water quality protection. Each project shall provide not less than 20 percent matching funds from non-Federal sources, unless approved for a waiver. Applicable Federal requirements that would apply to a Clean Water State Revolving Fund or Drinking Water State Revolving Fund project grant recipient shall apply to a grantee receiving a CPF grant under this section. The Committees note that the following funding sources are to be treated as nonFederal funds and can be used to meet the non-Federal matching fund requirement: U.S.

Department of Housing and Urban Development, Community Development Block Grant program; U.S. Department of Agriculture, Rural Development Program; and Appalachian Regional Commission grants. Funding made available to jurisdictions through the American Rescue Plan Act of 2021 (P.L. 117–2) are considered Federal funds and may not be applied towards the non-Federal cost share requirement. A detailed list of projects is in the table titled “Interior and Environment Incorporation of Community Project Funding Items/Congressionally Directed Spending Items.” #7..
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Appendix B: List of EPA Congressionally Directed Spending Community Projects and Funding Levels
(FY 2023 Consolidated Appropriations Act)
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
The list below is organized by: (1) Community projects funded by the Clean Water SRF; and (2) Community projects funded by the Drinking Water SRF. Projects are arranged alphabetically by state within each category. Note that EPA made grammatical changes to remove extra spaces, hyphens, and periods. The original CDS list should be referred to for technical corrections.

Community Projects Funded with Clean Water SRF Appropriations (alphabetical by state) STAG—Clean Water State
Revolving Fund
AK Municipality of Anchorage for the Regional Landfill
Leachate Treatment Facility
13,000,000
STAG—Clean Water State
Revolving Fund
AK City of Kenai for Digestor Blower Replacements at the Wastewater Treatment Plant
2,900,000
STAG—Clean Water State
Revolving Fund
AK City of Seldovia for Bloch Street Sewer Line
Replacement
746,000
STAG—Clean Water State
Revolving Fund
AK City of Wasilla for Wastewater Treatment Plant Sludge Digestor
2,500,000
STAG—Clean Water State
Revolving Fund
AK Municipality of Anchorage for the Powder Reserve
Access Project
4,500,000
STAG—Clean Water State
Revolving Fund
AK Municipality of Anchorage for Ruane Road Culvert
Replacement
1,600,000
STAG—Clean Water State
Revolving Fund
AK City of St. George for Potable Water and Sewer Line
Replacement
3,000,000
STAG—Clean Water State
Revolving Fund
AK City of Seward for Sludge Removal for the Lowell Point and SMIC Sewage Treatment Lagoons
2,000,000
STAG—Clean Water State
Revolving Fund
AK City of Soldotna for Wastewater Treatment Plant
Headworks Rehabilitation
680,000
STAG—Clean Water State
Revolving Fund
AK City of Wasilla for Wastewater Treatment Plant Sludge Drying Beds
2,300,000
STAG—Clean Water State
Revolving Fund
AK City of Soldotna for Wastewater Biosolids Dewatering 960,000 #7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
AK Municipality of Anchorage for the Holtan Hills Sewer Access Project
2,500,000
STAG—Clean Water State
Revolving Fund
AK City of Valdez for Municipal Sewer Force Main
Replacement
5,000,000
STAG—Clean Water State
Revolving Fund
AK City of Palmer for Wastewater Treatment System
Upgrade
6,900,000
STAG—Clean Water State
Revolving Fund
AK City of Seldovia for Lower Section of Raw Water
Transmission Line Replacement
414,000
STAG—Clean Water State
Revolving Fund
AK City of Soldotna for pH Control of Wastewater Effluent 320,000 STAG—Clean Water State
Revolving Fund
AK City of Craig for Replacing Lift Stations in the Craig Wastewater Collection and Treatment System
760,000
STAG—Clean Water State
Revolving Fund
AK Petersburg Borough for Water Treatment Plant Clear
Well Replacement
1,600,000
STAG—Clean Water State
Revolving Fund
AK Ketchikan Gateway Borough for Mountain Point
Wastewater Treatment Plant Upgrades
1,760,000
STAG—Clean Water State
Revolving Fund
AK City of Wasilla for Wastewater Treatment Plant Suction Dredge
880,000
STAG—Clean Water State
Revolving Fund
AK Tagiugmiullu Nunamiullu Housing Authority for
Wastewater Replacement Project
1,200,000
STAG—Clean Water State
Revolving Fund
AL City of Dauphin Island Stormwater Management Project 2,000,000 STAG—Clean Water State
Revolving Fund
AL City of Alexander City Coley Water Wastewater
Treatment Plant Project
5,000,000
STAG—Clean Water State
Revolving Fund
AR City of Wilson for Clean Water Infrastructure 2,500,000 STAG—Clean Water State
Revolving Fund
AR City of Yellville Wastewater Collection and Treatment Improvements
2,160,000
STAG—Clean Water State
Revolving Fund
AZ Mohave County for Grace Neal Channel Stormwater
Project
1,250,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
AZ Gila Valley Irrigation District for Highline Canal
Nonpoint Source Pollution Control
333,000
STAG—Clean Water State
Revolving Fund
AZ City of Show Low for Sewer Line Replacement 800,000
STAG—Clean Water State
Revolving Fund
AZ Santa Cruz County for Storm Water Management at
Ephraim Canyon
2,000,000
STAG—Clean Water State
Revolving Fund
AZ Greenlee County for New Model Canal Stormwater
Management
361,000
STAG—Clean Water State
Revolving Fund
AZ Wellton-Mohawk Irrigation and Drainage District for
Wellton Canal Pipeline Project
500,000
STAG—Clean Water State
Revolving Fund
AZ Central Arizona Irrigation and Drainage District for New Water Conveyance System to Enable Nonpoint
Source Pollution Control
934,000
STAG—Clean Water State
Revolving Fund
AZ Pima County for a Stormwater Drain at El Vado Wash 1,200,000 STAG—Clean Water State
Revolving Fund
AZ Silver Creek Flood Control District for Millet Swale Stormwater Management Project
2,224,350
STAG—Clean Water State
Revolving Fund
AZ City of Chandler for a Reclaimed Water Interconnect
Facility
3,000,000
STAG—Clean Water State
Revolving Fund
CA Occidental County Sanitation District for Pipeline
Design and Preconstruction Activities
1,450,000
STAG—Clean Water State
Revolving Fund
CA County of Butte for Palermo Clean Water Consolidation Project
2,500,000
STAG—Clean Water State
Revolving Fund
CA Tolowa Dee-Ni’ Nation for Tolowa Wastewater
Infrastructure Improvements
1,250,000
STAG—Clean Water State
Revolving Fund
CA San Bernardino Valley Municipal Water District for a Stormwater Recharge Project
2,500,000
STAG—Clean Water State
Revolving Fund
CA City of Rialto for the Lake Rialto Habitat Management and Community Open Space
2,000,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
CA City of Santa Paula for the Harvard Boulevard Water
and Sewer Pipeline Replacement
2,000,000
STAG—Clean Water State
Revolving Fund
CA City of Simi Valley for the Sewer Line Replacement
near Easy Street and the Arroyo Simi
1,684,000
STAG—Clean Water State
Revolving Fund
CA Elsinore Valley Municipal Water District Canyon Lake Water Treatment Plant Phase 2 Upgrades
3,000,000
STAG—Clean Water State
Revolving Fund
CA Eastern Municipal Water District Quail Valley Septicto-Sewer Conversion Project2,500,000 STAG—Clean Water State
Revolving Fund
CA Orange County Sanitation District for a Supercritical Water Oxidation Project
3,452,972
STAG—Clean Water State
Revolving Fund
CA County of Santa Cruz for a Boulder Creek Sanitation
District Expansion Project
2,000,000
STAG—Clean Water State
Revolving Fund
CA Eastern Municipal Water District Wine Country Sewer
Infrastructure Project
2,000,000
STAG—Clean Water State
Revolving Fund
CA Western Municipal Water District Western Water
Recycling Facility Project
3,920,000
STAG—Clean Water State
Revolving Fund
CA Padre Dam Municipal Water District—East County
Advanced Water Purification Joint Powers Authority
Project
2,400,000
STAG—Clean Water State
Revolving Fund
CA Yorba Linda Water District Green Crest Lift Station
Rehabilitation Project
300,000
STAG—Clean Water State
Revolving Fund
CA City of San Clemente for Avenida Cordoba/ Via Avila
Storm Drain Improvements
1,600,000
STAG—Clean Water State
Revolving Fund
CA City of Oceanside for the Loma Alta Creek Sewer
Relocation
3,452,972
STAG—Clean Water State
Revolving Fund
CA South Coast Water District for a Coastal Recycled
Water Expansion Program
3,452,972
STAG—Clean Water State
Revolving Fund
CA City of Los Angeles for a Hyperion Water Reclamation Plant Modernization project
3,452,972
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
CA Sacramento Area Sewer District for a Franklin
Community Septic to Sewer Conversion Project
3,000,000
STAG—Clean Water State
Revolving Fund
CA Helendale Community Service District Wastewater
Treatment Plant Tertiary Upgrade Engineering and
Design Project
1,000,000
STAG—Clean Water State
Revolving Fund
CA Big Bear Area Regional Wastewater Agency Replenish
Big Bear Lake Project
1,000,000
STAG—Clean Water State
Revolving Fund
CA San Bernardino County—Desert Knolls Wash Phase IV
Project
2,000,000
STAG—Clean Water State
Revolving Fund
CA City of Twentynine Palms Wastewater Treatment
Facility Phase III
1,275,000
STAG—Clean Water State
Revolving Fund
CA Monterey One Water for a Cybersecurity and SCADA
Resilience Project
1,252,000
STAG—Clean Water State
Revolving Fund
CA City of Coronado for the Parker Pump Station 3,000,000 STAG—Clean Water State
Revolving Fund
CA City of Paramount for the Spane Park Regional
Stormwater Infiltration Facility
2,000,000
STAG—Clean Water State
Revolving Fund
CA City of Redwood City for the Douglas Avenue Pump
Station Project
1,200,000
STAG—Clean Water State
Revolving Fund
CA City/County Association of Governments of San Mateo
County for a Stormwater Capture Project
2,400,000
STAG—Clean Water State
Revolving Fund
CA Western Municipal Water District for a PFAS Treatment and Prevention Project
3,452,972
STAG—Clean Water State
Revolving Fund
CA City of McFarland Wastewater Treatment Plant
Expansion Project
5,000,000
STAG—Clean Water State
Revolving Fund
CA County of San Diego for a Smuggler’s Gulch Dredging
Project
3,452,972
STAG—Clean Water State
Revolving Fund
CNMI Commonwealth Utilities Corporation for an Engineering Report and Assessment
911,302
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
CO Town of La Jara for Wastewater Sewer Lagoon Rehab
Project
600,000
STAG—Clean Water State
Revolving Fund
CO Town of De Beque for Wastewater Treatment Plant 1,246,000 STAG—Clean Water State
Revolving Fund
CO Town of Wellington for a Water Infrastructure Project 608,000 STAG—Clean Water State
Revolving Fund
CT Town of Torrington Water Pollution Control Authority for Harris Drive Pump Station Upgrade
1,600,000
STAG—Clean Water State
Revolving Fund
CT Norwich Public Utilities for Sewer Gravity Pipe Lining Project
800,000
STAG—Clean Water State
Revolving Fund
CT Town of Monroe for Senior Center Septic Tank
Replacement
200,000
STAG—Clean Water State
Revolving Fund
CT Save the Sound for Designing and Demonstrating Green Infrastructure Alternatives Across Bridgeport
200,000
STAG—Clean Water State
Revolving Fund
CT Save the Sound for Hamden Town Center Park-Green
Stormwater Infrastructure
80,000
STAG—Clean Water State
Revolving Fund
CT City of Bridgeport Water Pollution Control Authority (WPCA) for Design of the West Side Wastewater
Treatment Plant Project
3,000,000
STAG—Clean Water State
Revolving Fund
CT Town of Coventry for the Coventry/Bolton Gateway
Sewer Extension Project
1,200,000
STAG—Clean Water State
Revolving Fund
CT Somers Water Pollution Control Authority for Facility Treatment Improvements
945,000
STAG—Clean Water State
Revolving Fund
CT City of Stamford for the Stamford Bioswales Initiative 1,000,000 STAG—Clean Water State
Revolving Fund
CT Western Connecticut Council of Governments for a
Sanitary Sewer Infrastructure Study
200,000
STAG—Clean Water State
Revolving Fund
DE Partnership for the Delaware Estuary, Inc. for The
Mussels for Clean Water Hatchery
1,000,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
DE City of Seaford for Wastewater Treatment Plant
Headworks Replacement
2,500,000
STAG—Clean Water State
Revolving Fund
DE City of Wilmington for Sewer Interceptor Rehabilitation 3,060,000 STAG—Clean Water State
Revolving Fund
DE City of Wilmington for Sewer-Stormwater Separation 4,000,000 STAG—Clean Water State
Revolving Fund
FL Pinellas County Government Anclote Road Stormwater
and Roadway Improvements
2,000,000
STAG—Clean Water State
Revolving Fund
FL Town of Longboat Key Wastewater Main Replacement 3,000,000 STAG—Clean Water State
Revolving Fund
FL Hillsborough County for a Septic to Sewer Project 1,920,000 STAG—Clean Water State
Revolving Fund
FL Pinellas County for a Baypointe Regional Stormwater
Treatment Facility Project
3,000,000
STAG—Clean Water State
Revolving Fund
FL City of Treasure Island for a Master Pump Station
Project
1,217,000
STAG—Clean Water State
Revolving Fund
FL City of Ocoee for a Utility Upgrade Project 1,408,412 STAG—Clean Water State
Revolving Fund
FL City of Wilton Manors for a Stormwater Improvement
Project
1,000,000
STAG—Clean Water State
Revolving Fund
FL City of Hialeah Sewer Line Revitalization 5,000,000
STAG—Clean Water State
Revolving Fund
FL Miami-Dade County Stormwater Drainage
Improvement
420,000
STAG—Clean Water State
Revolving Fund
FL City of Marco Island—Clean Waters Marco Island
Project
260,000
STAG—Clean Water State
Revolving Fund
FL City of Cape Coral Reclaimed Water Transmission
Main, Caloosahatchee River Crossing Project
1,000,000
STAG—Clean Water State
Revolving Fund
FL City of Naples Phase 2 Naples Red Bay Tide Septic
Tank Mitigation
5,000,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
FL City of Sanibel Slough Dredge and Water Quality
Improvement Project
1,000,000
STAG—Clean Water State
Revolving Fund
FL City of Delray Beach for a Water and Wastewater
Infrastructure Project
3,452,972
STAG—Clean Water State
Revolving Fund
FL City of Homestead Septic to Sewer Conversion Project 2,000,000 STAG—Clean Water State
Revolving Fund
FL City of Jacksonville for a Septic Tank Phase Out Project 3,452,972 STAG—Clean Water State
Revolving Fund
FL City of Port St. Lucie—St. Lucie River/C—23 Water
Quality Project
324,483
STAG—Clean Water State
Revolving Fund
FL City of Sanford for Georgetown Stormwater
Improvements
1,086,544
STAG—Clean Water State
Revolving Fund
FL Seminole County for a Washington Street Outfall
Stormwater Project
1,304,000
STAG—Clean Water State
Revolving Fund
FL St. Johns County Stormwater Infrastructure
Improvement Project
400,000
STAG—Clean Water State
Revolving Fund
FL City of Jacksonville Septic Tank to City Sewer
Connection Project
3,300,000
STAG—Clean Water State
Revolving Fund
FL Miami-Dade County Stormwater Local Drainage
Improvement Project for SW 216 Street from Old Cutler
Drive to SW 87 Avenue
420,000
STAG—Clean Water State
Revolving Fund
FL City of North Port Sewer Vacuum Station Installation Project
2,300,000
STAG—Clean Water State
Revolving Fund
FL Town of Southwest Ranches for a Drainage and Water
Quality Project
600,000
STAG—Clean Water State
Revolving Fund
FL Miami-Dade County for a Septic to Sewer Conversion
Project—El Portal & Miami Shores
3,452,972
STAG—Clean Water State
Revolving Fund
FL Miami-Dade County for Remediation of 127th Street
Canal—Opa Locka
3,452,972
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
GA Clayton County Board of Commissioners for Camp
Creek Watershed Flood Reduction Infrastructure
2,688,000
STAG—Clean Water State
Revolving Fund
GA City of Thomson for Stormwater Project 965,000
STAG—Clean Water State
Revolving Fund
GA City of Thomasville for Wastewater Master Plan Phase 1 Implementation
1,200,000
STAG—Clean Water State
Revolving Fund
GA Augusta-Richmond County for Storm Sewer
Improvements
4,093,000
STAG—Clean Water State
Revolving Fund
GA County of Chatham for Storm Water and Sea Level Rise Impact Study
500,000
STAG—Clean Water State
Revolving Fund
GA Bulloch County for Wastewater Infrastructure 3,010,000 STAG—Clean Water State
Revolving Fund
GA City of Waynesboro for Sewer Line Improvements and
Upgrades
2,000,000
STAG—Clean Water State
Revolving Fund
GA City of Colquitt for a Wastewater Pollution Control
Plant Project
1,187,200
STAG—Clean Water State
Revolving Fund
GA City of Leesburg for a Sewage and Clean Water
Infrastructure Project
949,146
STAG—Clean Water State
Revolving Fund
GA City of Tybee Island Stormwater Detention System
Project
2,600,000
STAG—Clean Water State
Revolving Fund
GA City of Roswell for a Children’s Stormwater Garden and Adventure Path Project
3,452,972
STAG—Clean Water State
Revolving Fund
GA Fulton County for the Friendship Pump Station Project 3,452,972 STAG—Clean Water State
Revolving Fund
GA City of College Park for a South East Sewer Wastewater Pump Station Project
2,500,000
STAG—Clean Water State
Revolving Fund
GA City of College Park for Stormwater Upgrades 800,000 STAG—Clean Water State
Revolving Fund
HI City and County of Honolulu for Green Storm Water
Infrastructure
679,000
#7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
HI County of Maui for Recycled Wastewater Distribution 600,000 STAG—Clean Water State
Revolving Fund
HI State of Hawaii for Pearl Harbor Aquifer Recovery
Projects
1,720,000
STAG—Clean Water State
Revolving Fund
HI County of Kaua’i for Sewer Collection Inspection 1,200,000 STAG—Clean Water State
Revolving Fund
IA City of Clive for the Greenbelt Landing Project 500,000 STAG—Clean Water State
Revolving Fund
IA City of Pacific Junction for a Green Infrastructure
Project
1,000,000
STAG—Clean Water State
Revolving Fund
IA City of Dubuque Granger Creek Lift Station
Improvements at Catfish Creek Sanitary Sewer System
1,000,000
STAG—Clean Water State
Revolving Fund
IA City of Maquoketa Wastewater Treatment Plant
Improvements
3,500,000
STAG—Clean Water State
Revolving Fund
ID City of Roberts Clean Water Project 2,000,000
STAG—Clean Water State
Revolving Fund
ID City of Grace Wastewater Collection and Treatment
Systems Improvement
2,560,000
STAG—Clean Water State
Revolving Fund
IL Village of Diamond for Watermain Replacement and
Repair Lift Stations
601,000
STAG—Clean Water State
Revolving Fund
IL City of Cahokia Heights for Sanitary Sewer
Improvements
2,000,000
STAG—Clean Water State
Revolving Fund
IL Village of Cedar Point for Wastewater Treatment Plant Renovation Project
530,000
STAG—Clean Water State
Revolving Fund
IL City of Streator for WWTP Oxidation Ditch and
Maintenance Project
1,200,000
STAG—Clean Water State
Revolving Fund
IL Northern Moraine Water Reclamation District for
Wastewater Treatment Plant Emergency Power
Upgrades
250,000
#7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
IL Metropolitan Water Reclamation District of Chicago for Forging Resilient Communities Program
3,500,000
STAG—Clean Water State
Revolving Fund
IL City of Peoria for Sewer Extension 600,000
STAG—Clean Water State
Revolving Fund
IL City of Streator for Storm Sewer Installation 400,000 STAG—Clean Water State
Revolving Fund
IL Will County for Updates to Fairmont Water and Sewer
System
500,000
STAG—Clean Water State
Revolving Fund
IL City of Mt. Vernon Sanitary Sewer Lining Project 2,411,896 STAG—Clean Water State
Revolving Fund
IL Wheaton Sanitary District for Secondary Clarifier
Upgrades
2,655,400
STAG—Clean Water State
Revolving Fund
IL Village of Heyworth Sanitary Sewer Inflow &
Infiltration Reduction Project
1,600,000
STAG—Clean Water State
Revolving Fund
IL City of Northlake for a Sanitary Sewer Lining
Replacement Project
3,200,000
STAG—Clean Water State
Revolving Fund
IL Village of Hanover Park for a UV Disinfection System Project
600,000
STAG—Clean Water State
Revolving Fund
IL Northern Moraine Wastewater Reclamation District for a Sanitary Sewer Extension Project
2,500,000
STAG—Clean Water State
Revolving Fund
KS City of Garden City for Water Reclamation and Reuse 19,100,000 STAG—Clean Water State
Revolving Fund
KS Wyandotte County for a Kaw Point Wastewater
Treatment Plant Project
2,000,000
STAG—Clean Water State
Revolving Fund
KY Georgetown Municipal Water and Sewer Service
(GMWSS) WWTP1 Upgrade & Expansion
5,000,000
STAG—Clean Water State
Revolving Fund
KY Montgomery County Sanitation District Improvements 3,000,000 #7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
KY City of Bardstown—Bardstown Town Creek
Wastewater Treatment Plant Reactor & Clarifier
Upgrade
2,000,000
STAG—Clean Water State
Revolving Fund
KY Springfield Water & Sewer Commission—Springfield
City Barn Pump Station Replacement
1,399,000
STAG—Clean Water State
Revolving Fund
KY Louisville and Jefferson County Metropolitan Sewer
District for a Neighborhood Drainage Project
1,000,000
STAG—Clean Water State
Revolving Fund
KY Louisville and Jefferson County Metropolitan Sewer
District for Odor Control Improvements
500,000
STAG—Clean Water State
Revolving Fund
LA City of Gonzalez for Wastewater Treatment Upgrades 1,000,000 STAG—Clean Water State
Revolving Fund
LA Lafayette Consolidated Government Sewer Lift Station and Force Main—Downtown Lafayette and University
Avenue Project
5,000,000
STAG—Clean Water State
Revolving Fund
LA City of Monroe Calypso Street Pump Station Project 4,000,000 STAG—Clean Water State
Revolving Fund
MA City of Holyoke for River Terrace Area 21 CSO
Elimination Project—Phase A
2,000,000
STAG—Clean Water State
Revolving Fund
MA Town of Agawam for North Street (White Brook)
Culvert Replacement Project
1,280,000
STAG—Clean Water State
Revolving Fund
MA Town of Medway for Restoring Green Infrastructure for Healthy Rivers and Climate Resilience
1,300,000
STAG—Clean Water State
Revolving Fund
MA City of Melrose for Ell Pond Park Stormwater
Management and Resiliency Project
1,000,000
STAG—Clean Water State
Revolving Fund
MA Town of Foxborough for a Sewer Design Route 1
Project
400,000
STAG—Clean Water State
Revolving Fund
MA City of Watertown for a Stormwater Tree Trench
Project
240,000
STAG—Clean Water State
Revolving Fund
MA City of Framingham for the Lake Waushakum Clean
Water Project
1,700,000
#7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
MA Martha’s Vineyard Airport Commission for Wastewater
Treatment Facility (WWTF) Upgrades
1,000,000
STAG—Clean Water State
Revolving Fund
MA City of Brockton for the Biosolids Sludge Dryer Project 2,000,000 STAG—Clean Water State
Revolving Fund
MA Town of Northborough for Water System Upgrades 491,000 STAG—Clean Water State
Revolving Fund
MA Town of North Reading for Wastewater Collection and
Conveyance System Final Design
1,500,000
STAG—Clean Water State
Revolving Fund
MA City of Gloucester for a Water Pollution Control Facility Project
2,000,000
STAG—Clean Water State
Revolving Fund
MA Town of Reading for Maillet Sommes and Morgan
Stormwater Wetlands
2,000,000
STAG—Clean Water State
Revolving Fund
MA City of Chicopee for a Water Pollution Control Facility 2,854,800 STAG—Clean Water State
Revolving Fund
MD Town of Grantsville for Wastewater Treatment Plant
Upgrade
1,000,000
STAG—Clean Water State
Revolving Fund
MD Prince George’s County for Restoration of Lower
Beaverdam Creek
500,000
STAG—Clean Water State
Revolving Fund
MD Talbot County for Sewer Extension Project and Royal
Oak Pump Station Replacement
911,000
STAG—Clean Water State
Revolving Fund
MD Somerset County for the Smith Island Clean Water
Project
2,250,000
STAG—Clean Water State
Revolving Fund
MD Town of Centreville for Water/Wastewater
Infrastructure Renovation and Upgrade
2,155,000
STAG—Clean Water State
Revolving Fund
MD City of Brunswick for Wastewater and Drinking Water
Treatment Plant Upgrades
550,000
STAG—Clean Water State
Revolving Fund
MD City of Baltimore for Egg Shaped Digesters
Rehabilitation
3,452,972
STAG—Clean Water State
Revolving Fund
ME Town of Dover-Foxcroft for Dover-Foxcroft
Wastewater Treatment Facility Improvements
1,000,000
#7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
ME Greater Augusta Utility District for Sewer Pump Station Consolidation
2,000,000
STAG—Clean Water State
Revolving Fund
ME Town of Mattawamkeag for Mattawamkeag Lagoon
Sludge Dredging
520,000
STAG—Clean Water State
Revolving Fund
ME City of Calais for Calais North Street Sewer
Remediation Project
500,000
STAG—Clean Water State
Revolving Fund
ME Mapleton Sewer District for West Chapman Road
Sanitary Sewer Replacement
783,000
STAG—Clean Water State
Revolving Fund
ME Eagle Lake Water and Sewer District for Eagle Lake
Wastewater Treatment & Pumping Stations Upgrade
1,000,000
STAG—Clean Water State
Revolving Fund
ME Town of Grand Isle for Water and Wastewater
Treatment Plant and Pump Station Upgrades and Sludge
Drying Bed
1,296,000
STAG—Clean Water State
Revolving Fund
ME Winthrop Utilities District for Winthrop Pump Stations Upgrade
1,896,000
STAG—Clean Water State
Revolving Fund
ME York Sewer District for Route 1 Corridor Sewer
Extension
1,500,000
STAG—Clean Water State
Revolving Fund
ME Town of Hampden for Souadabscook Pump Station
Replacement
2,000,000
STAG—Clean Water State
Revolving Fund
ME Town of Windham for North Windham Wastewater
Treatment Facility
2,000,000
STAG—Clean Water State
Revolving Fund
ME Solon Water District for Solon Water Main
Replacement
340,000
STAG—Clean Water State
Revolving Fund
ME Town of Gorham for Feasibility Study for Sewer and
Water Distribution System
240,000
STAG—Clean Water State
Revolving Fund
ME Town of Bar Harbor for Up Island Water Tank Storage 1,439,000 STAG—Clean Water State
Revolving Fund
ME City of Saco for Electrical Phase of the Saco Water
Resource Resiliency Project
1,574,000
#7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
ME Town of Dixfield for a Hall Hill Road Pump Station
Project
514,400
STAG—Clean Water State
Revolving Fund
ME City of Ellsworth for a High Street Pump Station 1,774,075 STAG—Clean Water State
Revolving Fund
ME Loring Development Authority for a Sewer
Replacement and Infiltration/Inflow Removal Project
1,000,000
STAG—Clean Water State
Revolving Fund
ME Town of Blue Hill for a Wastewater Treatment Facility 1,000,000 STAG—Clean Water State
Revolving Fund
ME City of Saco for a Water Resource Resiliency Project 3,452,978 STAG—Clean Water State
Revolving Fund
MI Oscoda Charter Township for Water Distribution
System for Potable Water
3,000,000
STAG—Clean Water State
Revolving Fund
MI Marquette County for KI Sawyer Clean and Safe Water
Initiative
1,500,000
STAG—Clean Water State
Revolving Fund
MI Evergreen Farmington Sanitary Drain Drainage District for Pump Station Improvement Project
4,000,000
STAG—Clean Water State
Revolving Fund
MI City of Bay City for Update to Storm Sewer System—
Banks Area
800,000
STAG—Clean Water State
Revolving Fund
MI Township of Grosse Ile for Upgrades to the Wastewater Treatment Plant
3,452,972
STAG—Clean Water State
Revolving Fund
MI Great Lakes Water Authority for a PFAS Compounds
Remediation Project
3,452,972
STAG—Clean Water State
Revolving Fund
MI West Bloomfield Parks and Recreation Commission for
a Pond Remediation Project
320,000
STAG—Clean Water State
Revolving Fund
MI Macomb County for Lake St. Clair Trash Capture
Project
1,600,000
STAG—Clean Water State
Revolving Fund
MI Port Huron Township Maywood Sanitary Sewer Pump
Station Rehabilitation
1,450,000
STAG—Clean Water State
Revolving Fund
MI Charter Township of Chesterfield Maurice DeMuynck
Anchor Bay Pump Station Repair
4,000,000
#7..
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34 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
MI City of Grand Rapids Water Resource Recovery Facility Groundwater Treatment Project
1,700,000
STAG—Clean Water State
Revolving Fund
MI City of Midland Sylvan Pump Station Detention Basin
Project
1,000,000
STAG—Clean Water State
Revolving Fund
MI Northwestern Oakland Drainage District for a Sanitary Sewer Extension Project
1,000,000
STAG—Clean Water State
Revolving Fund
MI City of Birmingham for a Combined Sewer System
Critical Rehabilitation Program
1,300,000
STAG—Clean Water State
Revolving Fund
MI City of Northville for the Randolph Drain Serenity Point and Riverbank Stabilization Project
560,000
STAG—Clean Water State
Revolving Fund
MI Village of North Adams Lagoon Repair and Compliance 750,000 STAG—Clean Water State
Revolving Fund
MI Berlin Charter Township for a Waste Water Discharge
Line Project
3,040,000
STAG—Clean Water State
Revolving Fund
MN City of Brooten for Water Service Expansion 2,500,000 STAG—Clean Water State
Revolving Fund
MN Shakopee Mdewakanton Sioux Community for
Recycling Facility Project
2,500,000
STAG—Clean Water State
Revolving Fund
MN City of Birchwood Village for a Sewer Lift Station
Replacement Project
480,000
STAG—Clean Water State
Revolving Fund
MN Shorewood Park Sanitary District for the community
sewer expansion project
1,900,000
STAG—Clean Water State
Revolving Fund
MN Northern Township for the Sewer and Water
Infrastructure Project to install water and sanitary sewer extensions
5,000,000
STAG—Clean Water State
Revolving Fund
MO Saline County for Interstate 70 and Highway 65
Interchange Improvements
2,000,000
STAG—Clean Water State
Revolving Fund
MO Village of Pollock for Sewer Collection System 5,061,000 #7..
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35 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
MO City of St. Joseph Mainline Sewer Lining Project 4,000,000 STAG—Clean Water State
Revolving Fund
MO City of Camden for the Point Sewer Project 3,361,707 STAG—Clean Water State
Revolving Fund
MO City of Willard Water Systems Treatment Upgrade 2,978,320 STAG—Clean Water State
Revolving Fund
MS Town of Crawford for Water and Wastewater
Infrastructure
3,000,000
STAG—Clean Water State
Revolving Fund
MS City of Jackson for Savanna Wastewater Treatment
Plant Phase 1B Improvements
4,800,000
STAG—Clean Water State
Revolving Fund
MS City of West Point for Water and Wastewater
Infrastructure
2,500,000
STAG—Clean Water State
Revolving Fund
MS Town of Sardis for Wastewater System Improvements 2,500,000 STAG—Clean Water State
Revolving Fund
MS City of Pearl—North Pearl Interceptor Rehabilitation 3,500,000 STAG—Clean Water State
Revolving Fund
MS Town of Pelahatchie Wastewater Treatment Facility
Upgrade and Sewer Rehab/Replacement
3,500,000
STAG—Clean Water State
Revolving Fund
MS City of Clinton for Regional Wastewater Project 3,200,000 STAG—Clean Water State
Revolving Fund
NC Brunswick County for Northwest Water Treatment Plant to Bell Swamp Transmission Project
2,105,000
STAG—Clean Water State
Revolving Fund
NC Warren County for the Pleasant Hills Wastewater Pump Station Replacement
838,000
STAG—Clean Water State
Revolving Fund
NC City of Wilson for Sewer Collection System
Improvements
3,452,972
STAG—Clean Water State
Revolving Fund
NC City of Winston-Salem for Runnymede Water
Infrastructure Improvements
2,800,000
STAG—Clean Water State
Revolving Fund
NC Town of Kernersville for Beeson Creek Stream
Restoration
2,420,000
#7..
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36 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
NC Town of Holly Springs for a Water Reclamation Project 3,000,000 STAG—Clean Water State
Revolving Fund
NC Town of Holden Beach Greensboro Street Lift Station
#2 Hazard Mitigation Upgrade
2,669,867
STAG—Clean Water State
Revolving Fund
NH Belknap County Conservation District for Reservoir
Road Culvert Replacement Stormwater Project
150,000
STAG—Clean Water State
Revolving Fund
NH Town of Bristol for Pump Station and Force Main 1,050,000 STAG—Clean Water State
Revolving Fund
NH Town of Durham for Bennet Road Stormwater and
Flood Resiliency Project
2,040,000
STAG—Clean Water State
Revolving Fund
NH Southern District YMCA for Erosion Mitigation at
Kingston Lake (Great Pond) Protection
75,000
STAG—Clean Water State
Revolving Fund
NH Town of Winchester for Wastewater Biosolids 1,900,000 STAG—Clean Water State
Revolving Fund
NH City of Dover for Stormwater Management 800,000
STAG—Clean Water State
Revolving Fund
NH Lake Winnipesaukee Association for Comprehensive
Protection Initiative
500,000
STAG—Clean Water State
Revolving Fund
NH Town of Gorham for a Water and Sewage Infrastructure Project
220,000
STAG—Clean Water State
Revolving Fund
NH Town of Derry for the Route 28S Sewer Line Extension Project
3,200,000
STAG—Clean Water State
Revolving Fund
NJ Borough of Woodland for Park Rifle Camp Road Sewer
Line Project
709,000
STAG—Clean Water State
Revolving Fund
NJ Town of Guttenberg for Galaxy CSO Chamber
Elimination Project
394,000
STAG—Clean Water State
Revolving Fund
NJ Borough of Fort Lee for Sewer Pump Station Upgrades 600,000 STAG—Clean Water State
Revolving Fund
NJ Borough of Prospect for Park Main Sewer Line Repair
Project
442,000
#7..
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37 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
NJ Borough of Cliffside Park for Oakdene Avenue
Stormwater Improvements Project
1,000,000
STAG—Clean Water State
Revolving Fund
NJ City of Rahway for Lead Service Line Replacement
Project
1,000,000
STAG—Clean Water State
Revolving Fund
NJ Vernon Township for a Sewer Expansion Project 3,452,972 STAG—Clean Water State
Revolving Fund
NJ City of Hackensack for a Storm Water Discharge
Project
3,452,972
STAG—Clean Water State
Revolving Fund
NJ Township of Teaneck for Belle Avenue Drainage
Improvements
1,060,780
STAG—Clean Water State
Revolving Fund
NJ Township of Bedminster for a Miller Lane Pump Station Project
1,176,000
STAG—Clean Water State
Revolving Fund
NJ Town of Phillipsburg for Sanitary Sewer System
Rehabilitation
3,360,000
STAG—Clean Water State
Revolving Fund
NJ Borough of Rutherford for a Stormwater Management
Project
750,000
STAG—Clean Water State
Revolving Fund
NJ Borough of Edgewater for Pump Station No.4 Project 1,000,000 STAG—Clean Water State
Revolving Fund
NJ County of Essex for an Urban Rooftop Farming
Stormwater Management System
2,823,150
STAG—Clean Water State
Revolving Fund
NJ Town of Parsippany-Troy Hills for the Pump Station
No. 4 Sanitary Sewer Redirection Project
3,452,972
STAG—Clean Water State
Revolving Fund
NJ Township of North Bergen for a Drainage Improvement
Project
3,452,972
STAG—Clean Water State
Revolving Fund
NM El Valle de Los Ranchos Water & Sanitation District for a Sewer Main
1,860,000
STAG—Clean Water State
Revolving Fund
NM Village of Maxwell for Wastewater Treatment Upgrades 1,900,000 #7..
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38 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
NM East Pecos Mutual Domestic Water Consumer’s
Association for Connecting Additional Homes to Sewer
Lines and Centralized Treatment
3,000,000
STAG—Clean Water State
Revolving Fund
NM Town of Edgewood for Water Quality Improvement
Facility
900,000
STAG—Clean Water State
Revolving Fund
NM City of Las Vegas Sewer Rehabilitation Project 1,152,000 STAG—Clean Water State
Revolving Fund
NM Santo Domingo Pueblo for a Wastewater Distribution
System
1,500,000
STAG—Clean Water State
Revolving Fund
NM Santa Clara Pueblo for a Water Treatment and
Wastewater Facility Design
640,000
STAG—Clean Water State
Revolving Fund
NM Town of Mountainair for Wastewater Treatment Facility Improvements
3,000,000
STAG—Clean Water State
Revolving Fund
NV Churchill County for Water Storage Tank 3,000,000
STAG—Clean Water State
Revolving Fund
NV Clark County Water Reclamation District for Logandale Sewer Collection Extension
2,000,000
STAG—Clean Water State
Revolving Fund
NV Incline Village General Improvement District for
Effluent Export Pipeline
1,600,000
STAG—Clean Water State
Revolving Fund
NV City of Sparks for Truckee Meadows Water
Reclamation Facility Disinfection Upgrades
800,000
STAG—Clean Water State
Revolving Fund
NV City of Reno Booth Street Sewer Siphon 1,500,000
STAG—Clean Water State
Revolving Fund
NV City of Fallon Wastewater Treatment Plant Dewatering Press
4,369,600
STAG—Clean Water State
Revolving Fund
NV Southern Nevada Water Authority for a Septic
Conversion Program
3,000,000
STAG—Clean Water State
Revolving Fund
NV Clark County for a Water Infrastructure Project 2,000,000 #7..
- 215 -
39 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
NY Town of Webb for Wastewater Treatment Facility
Infrastructure Improvements
1,000,000
STAG—Clean Water State
Revolving Fund
NY Save the Sound for Hutchinson River Watershed Plan 700,000 STAG—Clean Water State
Revolving Fund
NY Monroe County for Genesee Valley Pump Station 1,000,000 STAG—Clean Water State
Revolving Fund
NY Chemung County for Sewer District WWTP
Consolidation
1,000,000
STAG—Clean Water State
Revolving Fund
NY Town of Poughkeepsie for Hudson Heritage Sewer
System
1,000,000
STAG—Clean Water State
Revolving Fund
NY Suffolk County Oakdale Sewer Expansion Project 5,000,000 STAG—Clean Water State
Revolving Fund
NY Town of Concord Combined Wastewater Treatment
Plant Project
2,000,000
STAG—Clean Water State
Revolving Fund
NY Village of New Square for a Drainage and Flood
Mitigation Improvement Project
2,400,000
STAG—Clean Water State
Revolving Fund
NY Town of Owasco Sanitary Sewer System Improvement
Project
2,500,000
STAG—Clean Water State
Revolving Fund
NY Town of Cornwall for the Hasbrouck Area Drainage
Project
1,650,000
STAG—Clean Water State
Revolving Fund
NY County of Putnam for the Southeast Sewer Diversion
Project
2,125,000
STAG—Clean Water State
Revolving Fund
NY Village of Dolgeville Main Street Sanitary Sewer
Rehabilitation Project
2,640,000
STAG—Clean Water State
Revolving Fund
NY Village of Greenwich Waste Water Treatment Plant
Reconstruction
4,400,000
STAG—Clean Water State
Revolving Fund
NY Village of Dolgeville Fink Creek Flood Mitigation
Project
5,000,000
STAG—Clean Water State
Revolving Fund
NY Village of Canastota—South Canal, Commerce, and
State Street Sewer Separation Project
1,507,605
#7..
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40 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
NY Tioga County Soil and Water Conservation District—
Upper Susquehanna River Watershed Resilience Project
1,580,628
STAG—Clean Water State
Revolving Fund
NY Village of Oneida for the Oneida Castle Sanitary Sewer Collection System Project
4,152,000
STAG—Clean Water State
Revolving Fund
NY Village of Marathon Waste Water Treatment Plant and
Pump Station Rehabilitation
3,480,960
STAG—Clean Water State
Revolving Fund
NY Town of Brookhaven—Mastic/Mastic Beach/Forge
River Sewer District Project
4,250,000
STAG—Clean Water State
Revolving Fund
NY Suffolk County Smithtown Business District Sewer
Extension Project
3,000,000
STAG—Clean Water State
Revolving Fund
NY Suffolk County North Bellport Sewers Project 3,260,000 STAG—Clean Water State
Revolving Fund
NY Town of Southampton Riverside Sewer System Project 5,000,000 STAG—Clean Water State
Revolving Fund
NY Village of Southampton Lake Agawam Algae
Harvesting Project
5,000,000
STAG—Clean Water State
Revolving Fund
OH Cuyahoga County for the MLK Boulevard Sewer
Project
1,000,000
STAG—Clean Water State
Revolving Fund
OH City of Shaker Heights for the Lomond/ Lynnfield
Sanitary Sewer Overflow (SSO) Project
1,600,000
STAG—Clean Water State
Revolving Fund
OH Northeast Ohio Regional Sewer District for a CSO
Elimination Project in Garfield Heights
2,000,000
STAG—Clean Water State
Revolving Fund
OH City of Wilmington New Wastewater Treatment Plant
Project
400,000
STAG—Clean Water State
Revolving Fund
OH Village of Plain City Wastewater Treatment Plant
Expansion Project
1,500,000
STAG—Clean Water State
Revolving Fund
OH Madison County Board of County Commissioners
Summerford Sanitary Sewer Project
765,000
STAG—Clean Water State
Revolving Fund
OH City of Forest Park West Kemper Road Storm Water
Improvement Project
1,209,900
#7..
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41 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
OH City of New Franklin for the Vanderhoof Road Pump
Station East Project
3,000,000
STAG—Clean Water State
Revolving Fund
OH City of Brunswick Healey Creek Storm Water
Management Project
1,500,000
STAG—Clean Water State
Revolving Fund
OH Northeast Ohio Regional Sewer District Smith Road
Storm Water Project
2,724,800
STAG—Clean Water State
Revolving Fund
OH Village of Scio Sanitary Sewer Extension 500,000
STAG—Clean Water State
Revolving Fund
OH Belmont County Water and Sewer District Sanitary
Sewer Project
800,000
STAG—Clean Water State
Revolving Fund
OH City of Kirtland Old Town Sewer Project 820,890
STAG—Clean Water State
Revolving Fund
OH City of Willoughby Chagrin Floodplain Restoration and Protection Project
2,323,000
STAG—Clean Water State
Revolving Fund
OH Board of Lucas County Commissioners for Unsewered
Areas of Curtice-Williston
2,532,832
STAG—Clean Water State
Revolving Fund
OH City of Port Clinton for Phase 1 Sewer & Waterline
Improvements
3,452,972
STAG—Clean Water State
Revolving Fund
OH City of Dayton Wolf Creek Sanitary Liners Installation Project
3,360,000
STAG—Clean Water State
Revolving Fund
OH Adams County Commissioners Alexander Salamon
Airport Sewer Extension
2,845,552
STAG—Clean Water State
Revolving Fund
OH Ross County Board of Commissioners Union Heights
Wastewater Infrastructure Improvements
4,000,000
STAG—Clean Water State
Revolving Fund
OK City of Hinton for Improvements to Wastewater Lagoon System
289,000
STAG—Clean Water State
Revolving Fund
OK Town of Canadian for Wastewater System
Improvements
1,599,000
STAG—Clean Water State
Revolving Fund
OK City of Porter for New Disinfection Facility 1,320,000 #7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
OK City of Perkins for Sewer Line Replacement 320,000
STAG—Clean Water State
Revolving Fund
OK Town of Corn for Rehabilitation of Wastewater Lagoons 640,000 STAG—Clean Water State
Revolving Fund
OK City of Barnsdall for Replacement of Waxhoma Dam
Spillway
1,600,000
STAG—Clean Water State
Revolving Fund
OK City of Wewoka for Dam Rehabilitation 68,000
STAG—Clean Water State
Revolving Fund
OK City of Ponca City for Rehabilitation of Major
Interceptor
1,500,000
STAG—Clean Water State
Revolving Fund
OK City of Ada Wastewater Treatment Plant and Water
Reuse
400,000
STAG—Clean Water State
Revolving Fund
OK City of Midwest City S.E. 15th Street Drainage Project 3,200,000 STAG—Clean Water State
Revolving Fund
OR Talent Irrigation District for Billings Siphon and
Eastside Canal Project
5,000,000
STAG—Clean Water State
Revolving Fund
OR Owyhee Irrigation District for Kingman Lateral Pipeline 3,000,000 STAG—Clean Water State
Revolving Fund
OR Ochoco Irrigation District for McKay Creek
Infrastructure Improvement
2,500,000
STAG—Clean Water State
Revolving Fund
OR City of Carlton for Sewer Collection Pipe Replacement 2,200,000 STAG—Clean Water State
Revolving Fund
OR Clackamas County for a Watershed Protection Project
and Wastewater Facility Decommission
2,000,000
STAG—Clean Water State
Revolving Fund
OR City of Aumsville for a Waste Water Treatment Plant
Project
1,252,950
STAG—Clean Water State
Revolving Fund
PA Wyoming County for Sewage Pollution Prevention 325,000 STAG—Clean Water State
Revolving Fund
PA Freeport Borough for Long-Term Control Plan
Implementation and Improvements
1,500,000
#7..
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43 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
PA City of Lancaster for Combined Sewer Separation 500,000 STAG—Clean Water State
Revolving Fund
PA Lower Ten Mile Joint Sewer Authority for Chartiers
Road Sewer Extension
500,000
STAG—Clean Water State
Revolving Fund
PA Wyoming Valley Sanitary Authority for Restoration,
Retrofits, and Acquisition Projects
3,452,972
STAG—Clean Water State
Revolving Fund
PA Milford Borough for a Central Sewage and Stormwater
Project
3,452,972
STAG—Clean Water State
Revolving Fund
PA Whitpain Township for the Ambler Alley Storm Sewer
Project
220,416
STAG—Clean Water State
Revolving Fund
PA Allegheny County Sanitary Authority for an Effluent
Flushing Water Improvements Project
3,234,170
STAG—Clean Water State
Revolving Fund
PA City of Coatesville for the Ash Park Master Plan
Implementation Phase I
1,000,000
STAG—Clean Water State
Revolving Fund
PA Cumberland Township/Cumberland Twp. Authority
Greenmount Area Sewer Service Engineering Project
1,120,000
STAG—Clean Water State
Revolving Fund
PA Mercersburg Water Authority Water System
Improvement Project
2,000,000
STAG—Clean Water State
Revolving Fund
PA Cranberry Township Brush Creek Water Pollution
Control Facility Plant Solids Processing and Dewatering Upgrades
5,000,000
STAG—Clean Water State
Revolving Fund
PA Crafton Borough for the Broadhead Avenue Sewer
Separation Project
991,758
STAG—Clean Water State
Revolving Fund
PA Bellevue Borough for Straw Avenue Sanitary Sewer
Improvements
720,000
STAG—Clean Water State
Revolving Fund
PA Scott Township for a Sanitary Sewer Repair Project 999,999 STAG—Clean Water State
Revolving Fund
PA Mount Pleasant Township Municipal Authority—
Hickory, Southview and Westland Sanitary Sewer
Project
3,500,000
#7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
RI City of Warwick for Oakland Beach Pump Station
Replacement
2,400,000
STAG—Clean Water State
Revolving Fund
RI City of Pawtucket for Citywide Sewer CCTV and
Cleaning
3,164,000
STAG—Clean Water State
Revolving Fund
RI City of Warwick for Oakland Beach Force Main
Rehabilitation and Lining
1,440,000
STAG—Clean Water State
Revolving Fund
RI City of Warwick for Apponaug Pump Station Upgrades 536,000 STAG—Clean Water State
Revolving Fund
RI Town of Smithfield for a Water and Sewer Project 840,000 STAG—Clean Water State
Revolving Fund
RI Town of Cumberland for a Returning Stormwater
Runoff Project
1,200,000
STAG—Clean Water State
Revolving Fund
RI Town of Bristol for the Sewer Rehabilitation Area 2 and 3 Project
1,248,000
STAG—Clean Water State
Revolving Fund
SC MetroConnects for Union Bleachery Mill Village Sewer Replacement Project
4,000,000
STAG—Clean Water State
Revolving Fund
SC City of Beaufort for Bayard Street Drainage
Improvement and Stormwater Project
800,000
STAG—Clean Water State
Revolving Fund
SC Pickens Regional Joint Water System for a water
treatment plant
4,000,000
STAG—Clean Water State
Revolving Fund
SC Aiken County for Horse Creek Waste Water Treatment
Plant
5,000,000
STAG—Clean Water State
Revolving Fund
SC Pee Dee Council of Governments for Water Treatment
Plant-1 Service Road
423,000
STAG—Clean Water State
Revolving Fund
SC City of Pendleton for Pendleton-Clemson Wastewater
Treatment Plant
5,300,000
STAG—Clean Water State
Revolving Fund
TN City of Luttrell Wastewater Treatment Plant 2,522,800 STAG—Clean Water State
Revolving Fund
TN City Of Maynardville Wastewater System
Improvements
1,600,000
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45 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
TX Village of Salado Stormwater Improvement Project 1,500,000 STAG—Clean Water State
Revolving Fund
TX City of Temple Sanitary Overflow Reduction Project 5,000,000 STAG—Clean Water State
Revolving Fund
TX Montgomery County Municipal Utility District Number
84 Bentwood Drainage Channel Improvement Phase I
Project
2,999,568
STAG—Clean Water State
Revolving Fund
TX Harris County Flood Control District Woodridge
Stormwater Detention Basin
5,000,000
STAG—Clean Water State
Revolving Fund
TX Harris County Flood Control District Q534 Stormwater Detention Basin
5,000,000
STAG—Clean Water State
Revolving Fund
TX Harris County Municipal Utility District 468
Stormwater Detention Basin
2,000,000
STAG—Clean Water State
Revolving Fund
TX City of Kyle for the Reclaimed Water Master Plan
Project
2,000,000
STAG—Clean Water State
Revolving Fund
TX City of Bellaire for a Water and Wastewater Line
Replacement Project
2,400,000
STAG—Clean Water State
Revolving Fund
TX El Paso County Planning & Development Department
Sandhills Wastewater Collection System Project
2,500,000
STAG—Clean Water State
Revolving Fund
TX City of San Juan for a Lift Station Rehabilitation Project 3,452,972 STAG—Clean Water State
Revolving Fund
TX City of Mercedes for an Expansion of Sanitary Sewer
Collection System Project
1,549,044
STAG—Clean Water State
Revolving Fund
TX City of Waco Bull Hide Regional Reclamation Plant
Project
3,000,000
STAG—Clean Water State
Revolving Fund
UT City of Orem Wasatch Front Water Conservation Effort 3,000,000 STAG—Clean Water State
Revolving Fund
UT Logan City for the Biodigester Project 5,000,000
#7..
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46 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
UT Millville City Sewer Project 3,500,000
STAG—Clean Water State
Revolving Fund
UT Summit County Weber River Watershed Resilience
Partnership Project
1,000,000
STAG—Clean Water State
Revolving Fund
VA City of Harrisonburg for Western Raw Water Line
Project Phase 3
1,000,000
STAG—Clean Water State
Revolving Fund
VA Town of South Boston for Storm Sewer Improvements 2,000,000 STAG—Clean Water State
Revolving Fund
VA Amherst County Service Authority for James River
Bank Stabilization
2,000,000
STAG—Clean Water State
Revolving Fund
VA City of Norfolk for Ballentine Place Water and Sewer Replacement
1,600,000
STAG—Clean Water State
Revolving Fund
VA Town of Haymarket for Stormwater Assessment 160,000
STAG—Clean Water State
Revolving Fund
VT Lake Iroquois Association for Beebe Lane Stormwater
Improvements
320,000
STAG—Clean Water State
Revolving Fund
VT Town of Whitingham for Sewer Infrastructure Upgrades 1,000,000 STAG—Clean Water State
Revolving Fund
VT Town of Chelsea for a Pump Station Project 600,000
STAG—Clean Water State
Revolving Fund
WA City of Lake Stevens for Lake Stevens Outlet
Restoration
500,000
STAG—Clean Water State
Revolving Fund
WA City of Long Beach for Lift Station Replacements 1,670,000 STAG—Clean Water State
Revolving Fund
WA Town of Malden for Replacement Municipal Sewer
System
1,911,000
STAG—Clean Water State
Revolving Fund
WA City of Sultan for a Water Treatment Plant Project 1,000,000 STAG—Clean Water State
Revolving Fund
WA City of Washougal Wastewater Treatment Plant Anoxic
Selector Project
1,000,000
#7..
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47 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
WA City of Port Townsend for a Sewer Pump Station
Project
2,500,000
STAG—Clean Water State
Revolving Fund
WA Jefferson County for a Port Hadlock Sewer Project 3,000,000 STAG—Clean Water State
Revolving Fund
WA City of Oak Harbor for an Inflow and Infiltration (I&I) Correction Program
1,950,000
STAG—Clean Water State
Revolving Fund
WA Mountains to Sound Greenway Trust for a Creek
Restoration Project
1,023,632
STAG—Clean Water State
Revolving Fund
WA Town of Steilacoom for a Garrison Springs Creek
Restoration Project
1,500,000
STAG—Clean Water State
Revolving Fund
WI City of Viroqua for a Sewer Project 1,223,400
STAG—Clean Water State
Revolving Fund
WI City of Sun Prairie for a Water Pollution Control
Facility Solar Radiation Project
3,200,000
STAG—Clean Water State
Revolving Fund
WV Mason County Public Service District for Apple Grove Sewer Collection System Project
1,000,000
STAG—Clean Water State
Revolving Fund
WV Elk Valley Public Service District for Elk River
Embankment Stabilization and Sanitary Sewer
Relocations Project
3,887,000
STAG—Clean Water State
Revolving Fund
WV Raleigh County for Raleigh County Piney View—
Batoff Mountain Waterline Extension
1,000,000
STAG—Clean Water State
Revolving Fund
WV Barboursville for Wastewater System Upgrade &
Lagoon Decommissioning
5,000,000
STAG—Clean Water State
Revolving Fund
WV Spencer for Municipal Wastewater System Inflow &
Infiltration Reduction Project
1,652,000
STAG—Clean Water State
Revolving Fund
WV Ansted for Wastewater Treatment Plant Upgrade 4,400,000 STAG—Clean Water State
Revolving Fund
WV Town of Romney for Sewer System Improvements
Project
400,000
#7..
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48 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Clean Water State
Revolving Fund
WV McMechen for Wastewater Treatment Plant 300,000
STAG—Clean Water State
Revolving Fund
WV Greater Harrison County PSD River Crossing
Replacement
500,000
STAG—Clean Water State
Revolving Fund
WV Town of Davis Sewer Collection System Improvements 5,000,000 STAG—Clean Water State
Revolving Fund
WV Shady Spring Public Service District—Glen Morgan
Wastewater Treatment Plant Upgrade
2,000,000
Community Projects Funded with Drinking Water SRF Appropriations (alphabetical by state) STAG—Drinking Water
State Revolving Fund
AK City of Whittier for Well Field Upgrades 1,230,000
STAG—Drinking Water
State Revolving Fund
AK Chickaloon Village Traditional Council for Community Well in Chickaloon
250,000
STAG—Drinking Water
State Revolving Fund
AK City and Borough of Yakutat for Waterline Extension
Project
5,082,000
STAG—Drinking Water
State Revolving Fund
AK City of Nome for Potable Water Distribution and
Wastewater Collection Systems
1,600,000
STAG—Drinking Water
State Revolving Fund
AL Town of Garden City Water System Improvements 520,000 STAG—Drinking Water
State Revolving Fund
AL Mobile County Water, Sewer, and Fire Protection
Authority Water Well Project
1,280,000
STAG—Drinking Water
State Revolving Fund
AR Fulton Waterworks for City of Fulton Water System
Delivery
3,050,000
STAG—Drinking Water
State Revolving Fund
AR Central Arkansas Water for West Pulaski County Water Delivery
12,000,000
STAG—Drinking Water
State Revolving Fund
AZ Bullhead City for New Drinking Water Well
Construction Project
2,000,000
STAG—Drinking Water
State Revolving Fund
AZ Town of Carefree for Silver Saddle Pressure Zone
Waterline Improvement Project
800,000
#7..
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49 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
AZ City of Page for Water Treatment Plant Expansion
Project
456,000
STAG—Drinking Water
State Revolving Fund
AZ City of Douglas for a Supervisory Control and Data
Acquisition System
833,285
STAG—Drinking Water
State Revolving Fund
AZ Town of Kearny for a Water Infrastructure Project 3,000,000 STAG—Drinking Water
State Revolving Fund
AZ Hopi Tribe for a Water Infrastructure Improvement
Project
1,500,000
STAG—Drinking Water
State Revolving Fund
AZ Maricopa-Stanfield Irrigation and Drainage District for the Santa Rosa Canal Project
2,846,076
STAG—Drinking Water
State Revolving Fund
AZ City of Page for New Intake Pipes from Lake Powell 3,432,000 STAG—Drinking Water
State Revolving Fund
CA East Palo Alto for East Palo Alto Water Infrastructure Improvements
800,000
STAG—Drinking Water
State Revolving Fund
CA County of Tulare for Drinking Water Kiosks 200,000
STAG—Drinking Water
State Revolving Fund
CA Woodville Public Utility District for Woodville PUD
Well No. 4 Replacement
1,150,000
STAG—Drinking Water
State Revolving Fund
CA City of Modesto for Grayson Well and Tank
Replacement
1,750,000
STAG—Drinking Water
State Revolving Fund
CA Allensworth Community Services District for
Allensworth Well Solar Array
150,000
STAG—Drinking Water
State Revolving Fund
CA City of Tulare for Water Delivery System 500,000
STAG—Drinking Water
State Revolving Fund
CA City of Dinuba for Well 21 Construction 1,500,000
STAG—Drinking Water
State Revolving Fund
CA Carmichael Water District for Aquifer Storage and
Recharge Well #2
2,500,000
STAG—Drinking Water
State Revolving Fund
CA Citrus Heights Water District for the Highland Avenue Well Project
1,500,000
#7..
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50 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
CA Sacramento County for a Regional Conjunctive Use
Project
2,800,000
STAG—Drinking Water
State Revolving Fund
CA City of Oxnard for a Water Pipeline Replacement 2,846,400 STAG—Drinking Water
State Revolving Fund
CA Cachuma Operation and Maintenance Board for the
Lake Cachuma Pumping Facility Project
500,000
STAG—Drinking Water
State Revolving Fund
CA City of Atwater for the Buhach Road and Gurr Road
Utility Extension
3,000,000
STAG—Drinking Water
State Revolving Fund
CA Solano Irrigation District for Quail Creek Well
Relocation and Associated Conveyance Facilities
2,824,000
STAG—Drinking Water
State Revolving Fund
CA City of Ripon for the SSJID Surface Water Connection Project
3,452,972
STAG—Drinking Water
State Revolving Fund
CA Stanislaus County for a Crows Landing Water Wells
Project
3,452,972
STAG—Drinking Water
State Revolving Fund
CA Valley Center Municipal Water District Lilac Road
Pipeline Replacement Project
3,060,000
STAG—Drinking Water
State Revolving Fund
CA Borrego Water District—Borrego Spring Road
Transmission Main and Sun Gold Pipeline Replacement
Projects
3,392,667
STAG—Drinking Water
State Revolving Fund
CA Orange County Water District PFAS Groundwater
Treatment Project
5,000,000
STAG—Drinking Water
State Revolving Fund
CA Placer County Water Agency Alta Loop Pipeline Project 1,000,000 STAG—Drinking Water
State Revolving Fund
CA City of Sacramento for the Shasta Groundwater Well
Project
3,452,972
STAG—Drinking Water
State Revolving Fund
CA City of Azusa for Aspan Well Treatment and
Rehabilitation
2,500,000
STAG—Drinking Water
State Revolving Fund
CA City of Salinas for the Castroville Seawater Intrusion Project
900,000
#7..
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51 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
CA Soquel Creek Water District for a Water Reliability
Improvement Project
1,416,000
STAG—Drinking Water
State Revolving Fund
CA City of Hemet for the Oakland and Santa Fe Water Main Replacement Project
1,200,000
STAG—Drinking Water
State Revolving Fund
CA Coachella Valley Water District for a Water
Consolidation Project
3,452,972
STAG—Drinking Water
State Revolving Fund
CA City of Santa Fe Springs for Water Well No. 12
Assessment and Treatment
2,200,000
STAG—Drinking Water
State Revolving Fund
CA Water Replenishment District of Southern California for Five Groundwater Well Projects
2,500,000
STAG—Drinking Water
State Revolving Fund
CA City of Pleasanton for a PFAS Treatment and Well
Rehabilitation Project
2,000,000
STAG—Drinking Water
State Revolving Fund
CA Eastern Municipal Water District for the Well 56 & 57 PFAS Removal Project
3,452,972
STAG—Drinking Water
State Revolving Fund
CA City of Pomona for Groundwater Treatment R34 1,600,000 STAG—Drinking Water
State Revolving Fund
CA City of Chino for a Treatment Plant Groundwater Wells 4 & 6 Project
2,000,000
STAG—Drinking Water
State Revolving Fund
CA City of Fowler New Well and System Interconnection
for Drought Resiliency Project
3,005,200
STAG—Drinking Water
State Revolving Fund
CA City of Inglewood for a Water Main Replacement
Project
3,452,972
STAG—Drinking Water
State Revolving Fund
CO Beulah Water Works District for Raw Water Storage 380,000 STAG—Drinking Water
State Revolving Fund
CO Town of Naturita for Wastewater Treatment Plant
Lagoon Upgrade and Collection System
1,250,000
STAG—Drinking Water
State Revolving Fund
CO City of Delta for North Delta Water Line Replacement 380,000 STAG—Drinking Water
State Revolving Fund
CO City of Trinidad for a Drinking Water Infrastructure Project
1,149,000
#7..
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52 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
CO Town of Cheraw for a Regional Consolidation Project 1,625,000 STAG—Drinking Water
State Revolving Fund
CO Town of Superior for Granular Activated Carbon
System at Water Treatment Plant
1,280,000
STAG—Drinking Water
State Revolving Fund
CO City of Aurora for a Waterline Replacement Program 2,800,000 STAG—Drinking Water
State Revolving Fund
CO Town of Minturn for a Water Treatment Plant 2,000,000 STAG—Drinking Water
State Revolving Fund
CO City of Northglenn for Water Treatment Plant
Improvements
2,329,600
STAG—Drinking Water
State Revolving Fund
CT School Hill Water Association for Clean Water for the School Hill Association
1,200,000
STAG—Drinking Water
State Revolving Fund
CT The South Central Regional Water Authority for Lake
Gaillard Water Treatment Plant HVAC and Electrical
Improvements
2,647,000
STAG—Drinking Water
State Revolving Fund
CT The South Central Regional Water Authority for
Seymour Well Treatment Facility Generator
Replacement
716,000
STAG—Drinking Water
State Revolving Fund
CT The Metropolitan District Commission for Northeast
Transmission Water Main
2,500,000
STAG—Drinking Water
State Revolving Fund
CT Norwich Public Utilities for Poquetanuck Cove
Crossing Water Interconnect
800,000
STAG—Drinking Water
State Revolving Fund
DE City of Dover for Water Main Extension and New Well 1,800,000 STAG—Drinking Water
State Revolving Fund
FL City of Fort Myers Water Treatment Expansion Plan 2,500,000 STAG—Drinking Water
State Revolving Fund
FL Town of Lantana for a Water Main Repair Project 1,200,000 STAG—Drinking Water
State Revolving Fund
FL Village of Pinecrest Waterline Lateral Connection
Project
640,000
#7..
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53 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
FL DeSoto County for the Restoration of Shoreline Off the Peace River in DeSoto County
2,500,000
STAG—Drinking Water
State Revolving Fund
FL Lee County for the North Lee County Wellfield
Expansion Project
2,400,000
STAG—Drinking Water
State Revolving Fund
FL City of Hollywood for Membrane Softening Drinking
Water Upgrades
3,452,972
STAG—Drinking Water
State Revolving Fund
GA City of Byron for Walker Road Drinking Water
Improvement
651,000
STAG—Drinking Water
State Revolving Fund
GA Augusta-Richmond County for Water Line Evaluation 1,000,000 STAG—Drinking Water
State Revolving Fund
GA City of Keysville for Water Supply and Water Source
Lines
197,000
STAG—Drinking Water
State Revolving Fund
GA Gwinnett County for Replacement and Upgrade of Aged
Water Distribution Mains
2,988,000
STAG—Drinking Water
State Revolving Fund
GA City of East Point for a Water Main Upgrade Project 1,600,000 STAG—Drinking Water
State Revolving Fund
HI County of Hawai’i for North Kona Deep Well 2,080,000 STAG—Drinking Water
State Revolving Fund
HI County of Hawai’i for Large Water Meter Replacement 80,000 STAG—Drinking Water
State Revolving Fund
IL City of Chicago for Daycare Lead Service Line
Replacement
1,000,000
STAG—Drinking Water
State Revolving Fund
IL City of Edwardsville for Cass Avenue Water Main
Replacement
500,000
STAG—Drinking Water
State Revolving Fund
IL Village of Ivesdale for Water Main Improvements 250,000 STAG—Drinking Water
State Revolving Fund
IL Villages of Bedford Park & Lemont for Water
Connection Project
500,000
STAG—Drinking Water
State Revolving Fund
IL City of Centralia for Water Line Replacement 500,000 #7..
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54 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
IL City of Quincy for Lead Service Line Replacement 400,000 STAG—Drinking Water
State Revolving Fund
IL DuPage County for York Township Drinking Water
Project
300,000
STAG—Drinking Water
State Revolving Fund
IL City of Waukegan for Lead Service Line Replacement 500,000 STAG—Drinking Water
State Revolving Fund
IL City of Lewistown for a Municipal Water Supply
Project
600,000
STAG—Drinking Water
State Revolving Fund
IL City of Litchfield Drinking Water Distribution System Improvements Phase I & II
2,284,429
STAG—Drinking Water
State Revolving Fund
IL City of Greenville Drinking Water Treatment Plant
Construction
750,000
STAG—Drinking Water
State Revolving Fund
IL City of Pana Drinking Water Transmission Main
Replacement
1,881,600
STAG—Drinking Water
State Revolving Fund
IL Sharpsburg & Neighboring Area Water System—Rural
Water Distribution System Phase 3
690,750
STAG—Drinking Water
State Revolving Fund
IL City of Joliet for a Design and Development Project 3,452,972 STAG—Drinking Water
State Revolving Fund
IL Village of Roberts Emergency Water Infrastructure
Needs
90,400
STAG—Drinking Water
State Revolving Fund
IL Village of Manhattan for Well 7 Improvements and
Radium Reduction Treatment Project
3,452,972
STAG—Drinking Water
State Revolving Fund
IL Village of Midlothian for the 149th Street & Pulaski Road Water Main Replacement
1,064,000
STAG—Drinking Water
State Revolving Fund
IL Village of Skokie for Lead Service Line Replacement
Project
2,000,000
STAG—Drinking Water
State Revolving Fund
IL City of Waukegan for a Water Works Improvement
Project
3,452,972
STAG—Drinking Water
State Revolving Fund
IL Village of Oswego for Corrosion Studies 1,800,000
#7..
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55 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
KS Kansas City Board of Public Utilities for Aged Water Line Replacement
10,000,000
STAG—Drinking Water
State Revolving Fund
KY City of Lawrenceburg Water System Improvements
Project
2,000,000
STAG—Drinking Water
State Revolving Fund
KY Nicholas County Water District—Phase 13 Water
System Improvements
1,548,000
STAG—Drinking Water
State Revolving Fund
KY City of Stanton Water Improvements Project 640,000
STAG—Drinking Water
State Revolving Fund
KY Lebanon Water Works Company Tank Project 1,000,000
STAG—Drinking Water
State Revolving Fund
KY Daviess County Water District Waterline Upgrade 640,000 STAG—Drinking Water
State Revolving Fund
KY Letcher County Water and Sewer District Water System Improvements
3,000,000
STAG—Drinking Water
State Revolving Fund
KY City of Hazard Buckhorn Water Treatment Plant and
Transmission Line Project
2,500,000
STAG—Drinking Water
State Revolving Fund
LA Town of Farmerville for Water Metering Project 560,000 STAG—Drinking Water
State Revolving Fund
LA Jackson Parish Hospital for Potable Water System 750,000 STAG—Drinking Water
State Revolving Fund
LA Natchitoches Regional Medical Center for Natchitoches Regional Medical System Potable Water System
1,120,000
STAG—Drinking Water
State Revolving Fund
LA West Calcasieu Cameron Hospital Water Booster
Station (100,000 GPD Avg. Demand) Project
2,000,000
STAG—Drinking Water
State Revolving Fund
MA City of Gardner for Gardner Water Transmission Main 1,000,000 STAG—Drinking Water
State Revolving Fund
MA Town of Sharon for a PFAS Water Treatment Plant
Project
3,452,972
STAG—Drinking Water
State Revolving Fund
MA Town of Millis for a Water Supply PFAS Treatment
Planning, Design, Construction Project
3,452,972
#7..
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56 | Page
STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
MA Town of Somerset for a Hot & Cold Lane Tank THM
Removal System
3,200,000
STAG—Drinking Water
State Revolving Fund
MA Town of Mansfield for the PFAS Treatment for
Dustin/Prescott Wells Project
2,000,000
STAG—Drinking Water
State Revolving Fund
MA Town of Burlington for the Mill Pond PFAS Filter
Facility
1,000,000
STAG—Drinking Water
State Revolving Fund
MA Town of Winchendon for the Central Street Water Main Replacement and Upgrade Project
494,950
STAG—Drinking Water
State Revolving Fund
MD City of Westminster for Advanced Water Purification
System
2,945,000
STAG—Drinking Water
State Revolving Fund
MD Town of North East for Leslie Water Treatment Plant 500,000 STAG—Drinking Water
State Revolving Fund
MD Charles County for WSSC Waldorf Interconnection 250,000 STAG—Drinking Water
State Revolving Fund
MD City of Westminster for a Water Main Replacement at
Route 27
2,150,000
STAG—Drinking Water
State Revolving Fund
ME Gray Water District for Maine Turnpike Crossing Water Main Replacement
1,416,000
STAG—Drinking Water
State Revolving Fund
ME City of Calais for Calais Well and Generator
Replacement
576,000
STAG—Drinking Water
State Revolving Fund
ME Baileyville Utilities District for Palm Street Waterline Replacement
1,592,000
STAG—Drinking Water
State Revolving Fund
ME Stonington Water Company for Stonington Water
Storage Tank Construction
1,000,000
STAG—Drinking Water
State Revolving Fund
ME Anson-Madison Sanitary District for Anson- Madison
Regional PFAS Treatment Facility
500,000
STAG—Drinking Water
State Revolving Fund
ME Town of Limerick for a Water and Sewer Mains
Replacement Project
1,000,000
STAG—Drinking Water
State Revolving Fund
MI City of Benton Harbor for Water System Improvements 800,000 #7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
MI Oakland County for Royal Oak Township Water System
Improvements
1,600,000
STAG—Drinking Water
State Revolving Fund
MI City of Hamtramck for Water System Improvements 3,452,972 STAG—Drinking Water
State Revolving Fund
MI Bruce Township 33 Mile Road & McVicar Water Main
Connection Project
1,600,000
STAG—Drinking Water
State Revolving Fund
MI City of Richmond Main Street Water Main Replacement
(Division to CN RR)
943,000
STAG—Drinking Water
State Revolving Fund
MI Village of Almont W. & E. St. Clair Road
Reconstruction/Water Main & Sewer Replacement
Project
3,950,800
STAG—Drinking Water
State Revolving Fund
MI Township of Clay M—29 Water Main Replacement
Project
2,500,000
STAG—Drinking Water
State Revolving Fund
MI City of St. Clair Water Tower/Booster Station Project 1,000,000 STAG—Drinking Water
State Revolving Fund
MI City of Clawson for a Water Main Reconstruction
Project
710,000
STAG—Drinking Water
State Revolving Fund
MI City of Jackson for the Hupp-Morrell Water
Transmission Connector
4,240,000
STAG—Drinking Water
State Revolving Fund
MI City of Jackson for a M—50 Water Transmission Main 5,000,000 STAG—Drinking Water
State Revolving Fund
MN City of Cologne for Water Tower Repair 500,000
STAG—Drinking Water
State Revolving Fund
MN City of Woodbury for Water Main Replacement Project 468,000 STAG—Drinking Water
State Revolving Fund
MN City of Beaver Bay for Water Intake Repair Project 432,000 STAG—Drinking Water
State Revolving Fund
MN City of Otsego for Drinking Water Treatment
Improvements
3,400,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
MN City of Lafayette for Water Treatment Project 1,000,000 STAG—Drinking Water
State Revolving Fund
MN City of Woodbury for a East Wellfield Manifold Pipe
Project
3,452,972
STAG—Drinking Water
State Revolving Fund
MN City of Plymouth for Zachary Water Treatment Plant
Enhancements
2,000,000
STAG—Drinking Water
State Revolving Fund
MN City of Aitkin Regional Water Tower Upgrade 2,320,000 STAG—Drinking Water
State Revolving Fund
MN City of Aurora—East Mesabi Water Project 4,000,000
STAG—Drinking Water
State Revolving Fund
MO City of Springfield for Booster Pump Station 14,000,000 STAG—Drinking Water
State Revolving Fund
MO City of St. Charles for Well Replacement 2,000,000
STAG—Drinking Water
State Revolving Fund
MO City of Brookfield Drinking Water Project 1,240,000
STAG—Drinking Water
State Revolving Fund
MO City of Republic Water Tower Project 5,000,000
STAG—Drinking Water
State Revolving Fund
MS City of Byram for Water Supply Improvements 4,000,000 STAG—Drinking Water
State Revolving Fund
MS City of Ridgeland Water and Wastewater Infrastructure Improvements
3,500,000
STAG—Drinking Water
State Revolving Fund
MS Mississippi Band of Choctaw Indians Tucker Potable
Water Treatment Plant Project
2,400,000
STAG—Drinking Water
State Revolving Fund
MS City of Jackson—General Filter Repairs at the J.H.

Fewell Water Treatment Plant
2,800,000
STAG—Drinking Water
State Revolving Fund
MS Town of Brooksville Water and Wastewater
Infrastructure Improvements
2,500,000
STAG—Drinking Water
State Revolving Fund
MS Town of Leakesville Jernigan Water Main Extension 1,826,424 #7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
MS City of Gulfport Northwood Water Main Replacement 1,600,000 STAG—Drinking Water
State Revolving Fund
NC City of Oxford for the Kerr Lake Regional Water
Treatment Plant Improvement Project
3,452,972
STAG—Drinking Water
State Revolving Fund
NC Town of Hillsborough for a Water Booster Pump
Station
1,267,500
STAG—Drinking Water
State Revolving Fund
NC City of Sanford for Triangle Regional Governments
Water Treatment Plant Improvements
3,326,400
STAG—Drinking Water
State Revolving Fund
NC Sampson County Expansion of Water Treatment
Facilities
1,000,000
STAG—Drinking Water
State Revolving Fund
NH Town of Jaffrey for Water Main Replacement 1,000,000 STAG—Drinking Water
State Revolving Fund
NH Town of Winchester for Pump Station and Water Main 2,000,000 STAG—Drinking Water
State Revolving Fund
NH City of Dover for a Regional Emergency Drinking
Water Distribution Interconnection
3,452,972
STAG—Drinking Water
State Revolving Fund
NJ Keyport Borough for Water Main Replacement and
Upgrade Project
2,347,000
STAG—Drinking Water
State Revolving Fund
NJ City of Cape May for Drinking Water Treatment Plant
Expansion
600,000
STAG—Drinking Water
State Revolving Fund
NJ Town of Dover for Lead Service Line Replacement
Project
250,000
STAG—Drinking Water
State Revolving Fund
NJ Borough of Fair Lawn for a Water Treatment Facility
Project
3,452,972
STAG—Drinking Water
State Revolving Fund
NJ Township of Mahwah for a Water Department Filtration System
800,000
STAG—Drinking Water
State Revolving Fund
NJ Borough of Park Ridge for a Water Remediation Project 3,452,972 STAG—Drinking Water
State Revolving Fund
NJ Moorestown Township for the Kings Highway/Main
Street Water Main Replacement
2,240,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
NJ Willingboro Municipal Utilities Authority for the Well 5A PFOS Treatment System Upgrade
3,452,972
STAG—Drinking Water
State Revolving Fund
NJ Borough of Netcong for Water Service Line
Replacements
600,000
STAG—Drinking Water
State Revolving Fund
NJ Borough of Flemington for Potable Water Well #11 1,200,000 STAG—Drinking Water
State Revolving Fund
NJ Borough of Alpha for a Elevated Water Storage
Replacement Project
3,320,561
STAG—Drinking Water
State Revolving Fund
NJ City of Garfield for a Lead Piping Removal and
Replacement Project
2,400,000
STAG—Drinking Water
State Revolving Fund
NJ Morris County Parks Commission for the Boonton
Reservoir Improvement Project
600,000
STAG—Drinking Water
State Revolving Fund
NJ Township of Montclair for PFOAS and Perchlorate
Treatment — Rand Well
2,056,000
STAG—Drinking Water
State Revolving Fund
NJ City of Elizabeth for Replacement of Known Lead
Service Lines
2,170,000
STAG—Drinking Water
State Revolving Fund
NJ Lower Township Municipal Utilities Authority—North
Cape May Watermain Replacement
1,953,918
STAG—Drinking Water
State Revolving Fund
NM Village of Cimarron for Waterline Replacement 700,000 STAG—Drinking Water
State Revolving Fund
NM City of Gallup for New Water Wells 1,300,000
STAG—Drinking Water
State Revolving Fund
NM Town of Springer for Water Distribution System
Improvements
1,265,000
STAG—Drinking Water
State Revolving Fund
NM City of Santa Rosa for Water System Improvements 800,000 STAG—Drinking Water
State Revolving Fund
NV City of North Las Vegas for Robinson Well Rehab 2,500,000 STAG—Drinking Water
State Revolving Fund
NV Virgin Valley Water District for Arsenic Treatment
Plant
3,040,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
NV City of Ely for Lower East Ely Water Mains Upgrade 2,430,000 STAG—Drinking Water
State Revolving Fund
NV Truckee Meadows Water Authority Spanish Springs
Nitrate and Arsenic Treatment Plant
3,000,000
STAG—Drinking Water
State Revolving Fund
NV Moapa Valley Water District for Water Transmission
Line Replacement
2,476,640
STAG—Drinking Water
State Revolving Fund
NV Virgin Valley Water District for Water Line
Replacement
2,660,000
STAG—Drinking Water
State Revolving Fund
NY City of Syracuse for Intake No.2 Extension 1,500,000 STAG—Drinking Water
State Revolving Fund
NY Village of Cuba for Water System Improvements 1,000,000 STAG—Drinking Water
State Revolving Fund
NY City of Long Beach for Water Mains Replacement 1,000,000 STAG—Drinking Water
State Revolving Fund
NY Village of Kiryas Joel for Phase II Water Treatment
Facility Improvements
1,500,000
STAG—Drinking Water
State Revolving Fund
NY Town of Hempstead for an East Meadow Dioxane
Mitigation Project
5,000,000
STAG—Drinking Water
State Revolving Fund
NY Genesee County Water Security and Resiliency North
Water Storage Tank Project
2,000,000
STAG—Drinking Water
State Revolving Fund
NY Cayuga County Water and Sewer Authority Installation of an Alternate Water Connection in the Town of
Sennett
560,000
STAG—Drinking Water
State Revolving Fund
NY Town of Newburgh for the Colden Park Watermain
Replacement Project Phase III
3,452,972
STAG—Drinking Water
State Revolving Fund
NY Town of Putnam Valley for a Potable Watermain and
Treatment Plant Installation Project
2,800,000
STAG—Drinking Water
State Revolving Fund
NY City of Middletown for Water Systems Improvement
Phase III Project
3,452,972
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
NY Village of Freeport for Security Improvements to Water Operations
240,000
STAG—Drinking Water
State Revolving Fund
NY Town of Beekmantown Drinking Water Remediation 750,000 STAG—Drinking Water
State Revolving Fund
NY Town of Ticonderoga for Route 74 Neighborhood Water
Source and Distribution
4,000,000
STAG—Drinking Water
State Revolving Fund
NY Town of Schuyler Falls Morrisonville Water District
Improvements
2,562,500
STAG—Drinking Water
State Revolving Fund
NY City of Glen Cove for Installation of Packed Tower
Aeration System at Duck Pond Road Well Station
3,452,972
STAG—Drinking Water
State Revolving Fund
NY Town of Schuyler—Graham, Newport, and Brown Road
Water District Project
1,000,000
STAG—Drinking Water
State Revolving Fund
NY Town of Orwell Water System Improvements 2,351,200
STAG—Drinking Water
State Revolving Fund
NY City of Norwich Water Main Replacement 2,850,000
STAG—Drinking Water
State Revolving Fund
NY Village of Fultonville for Drinking Water Upgrades
Project
45,000
STAG—Drinking Water
State Revolving Fund
NY Suffolk County Water Authority Calverton Connection
Project (South River Road)
5,000,000
STAG—Drinking Water
State Revolving Fund
NY Town of Riverhead Clean Water Project 2,000,000
STAG—Drinking Water
State Revolving Fund
OH Ironton for Water Main Extension and Booster Station Improvements Project
2,000,000
STAG—Drinking Water
State Revolving Fund
OH Cleveland Water for Potable Water System Upgrade 1,000,000 STAG—Drinking Water
State Revolving Fund
OH Southwest Licking Community Water and Sewer
District 161 Water Tower Project
2,134,300
STAG—Drinking Water
State Revolving Fund
OH Village of Seville Water Transmission Main
Replacement
1,000,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
OH Village of Adena Water Meter Replacement Project 174,240 STAG—Drinking Water
State Revolving Fund
OH City of Toronto Walton Acres Phase 1 Waterline
Improvement Project
600,000
STAG—Drinking Water
State Revolving Fund
OH Geauga County Board of County Commissioners
Services Center Water System Upgrade
520,000
STAG—Drinking Water
State Revolving Fund
OH City of Portsmouth Water Treatment Plant 4,000,000
STAG—Drinking Water
State Revolving Fund
OK City of Waurika for Improvements to Water Treatment
Plant
3,892,000
STAG—Drinking Water
State Revolving Fund
OK McCurtain County for Water Line Replacement 4,000,000 STAG—Drinking Water
State Revolving Fund
OK Town of Maysville for Improvements to Water
Treatment Plant
4,000,000
STAG—Drinking Water
State Revolving Fund
OK City of Oilton for Improvements to Water Treatment
Plant
80,000
STAG—Drinking Water
State Revolving Fund
OK City of Barnsdall for Improvements to Water Treatment Plant
880,000
STAG—Drinking Water
State Revolving Fund
OK Cleveland County for Water System Extension 4,000,000 STAG—Drinking Water
State Revolving Fund
OK City of Watonga for Improvements to Water Treatment
Plant
2,000,000
STAG—Drinking Water
State Revolving Fund
OK City of Lawton for Alternate Groundwater Supply 4,000,000 STAG—Drinking Water
State Revolving Fund
OK City of Edmond Water Treatment Plant Expansion 5,000,000 STAG—Drinking Water
State Revolving Fund
OK City of Seminole Water Tower Replacement 4,351,281
STAG—Drinking Water
State Revolving Fund
OR City of Falls City for Water System Project 1,600,000 #7..
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
OR City of Burns for Water System Improvements 3,500,000 STAG—Drinking Water
State Revolving Fund
OR City of Prairie City for Water Distribution System
Improvements
602,000
STAG—Drinking Water
State Revolving Fund
OR City of Redmond for Water System Construction 2,000,000 STAG—Drinking Water
State Revolving Fund
OR City of Grants Pass for Water Treatment Plant
Relocation Project
2,000,000
STAG—Drinking Water
State Revolving Fund
OR City of Paisley for Water System Improvements 2,820,000 STAG—Drinking Water
State Revolving Fund
OR Confederated Tribes of Warm Springs for the Warm
Springs Public Water System Drinking Water
Infrastructure including through an interagency
agreement with the Indian Health Service
5,000,000
STAG—Drinking Water
State Revolving Fund
OR Tualatin Valley Water District for the Willamette Water Supply System Construction Project
3,000,000
STAG—Drinking Water
State Revolving Fund
PA Meadville Area Water Authority for Tank Rehab 390,000 STAG—Drinking Water
State Revolving Fund
PA Municipal Water Authority of Aliquippa for Water
Distribution System Improvements
500,000
STAG—Drinking Water
State Revolving Fund
PA Ashland Area Municipal Authority for S.R. 61
Waterline Replacement Project
416,000
STAG—Drinking Water
State Revolving Fund
PA Albert Gallatin Municipal Authority for Distribution System Expansion
500,000
STAG—Drinking Water
State Revolving Fund
PA Redbank Valley Municipal Authority for Water System
Improvements
500,000
STAG—Drinking Water
State Revolving Fund
PA East Dunkard Water Authority Waterline System 2,734,400 STAG—Drinking Water
State Revolving Fund
RI Town of Jamestown Water for Transmission and
Distribution Line Replacement Project
2,500,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
RI Providence Water Supply Board for Cybersecurity
Protection
212,000
STAG—Drinking Water
State Revolving Fund
RI Providence Water Supply Board for Lead Service Line
Replacement
2,288,000
STAG—Drinking Water
State Revolving Fund
SC Greenville Water for Adkins Water Transmission Main
Line Project
5,400,000
STAG—Drinking Water
State Revolving Fund
SC City of Aiken for Shaws Creek Water Treatment Plant 4,500,000 STAG—Drinking Water
State Revolving Fund
TN City of Oak Ridge Water Treatment Plan Transmission
Main
5,000,000
STAG—Drinking Water
State Revolving Fund
TN Town of Tellico Plains Water Treatment Plant 800,000 STAG—Drinking Water
State Revolving Fund
TX City of West University Place for the Milton Street
Waterline Replacement Project
2,500,000
STAG—Drinking Water
State Revolving Fund
TX San Antonio Water Systems Generators for Critical
Infrastructure Protection Project
2,000,000
STAG—Drinking Water
State Revolving Fund
UT Jordan Valley Water Conservancy District Emergency
Drinking Water
2,873,120
STAG—Drinking Water
State Revolving Fund
UT Herriman City Water Line Replacement 3,243,520
STAG—Drinking Water
State Revolving Fund
UT Kearns Improvement District Water Infrastructure
Project
1,760,000
STAG—Drinking Water
State Revolving Fund
UT Tooele City Corporation—Tooele Valley Water Well
and Storage Project
4,000,000
STAG—Drinking Water
State Revolving Fund
VA Rockbridge County for Raw Water Pumping Station 3,000,000 STAG—Drinking Water
State Revolving Fund
VA Spotsylvania County for the Motts Run Water
Treatment Plant Expansion Project
3,452,972
STAG—Drinking Water
State Revolving Fund
VT Town of Randolph for North Wells and Reservoir
Project
775,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
VT City of Barre for Route 302 Water Main Replacement 2,240,000 STAG—Drinking Water
State Revolving Fund
VT Royalton Fire District 1 for Water Improvement Projects 670,000 STAG—Drinking Water
State Revolving Fund
WA City of West Richland for Flat Top Community Park
Well Replacement and Hazard Elimination
2,500,000
STAG—Drinking Water
State Revolving Fund
WA Public Utility District #1 of Wahkiakum County for
Puget Island Water System Mainline Improvement
Project
261,000
STAG—Drinking Water
State Revolving Fund
WA Cowlitz County for Shadow Mountain Water System
Extension and Booster Pump Station
1,500,000
STAG—Drinking Water
State Revolving Fund
WA City of Bridgeport for Water System Improvements 751,000 STAG—Drinking Water
State Revolving Fund
WA City of Pomeroy for Water System Improvements 436,000 STAG—Drinking Water
State Revolving Fund
WA Public Utility District No. 1 of Skamania County—
Carson Water Treatment Plant Rebuild
3,000,000
STAG—Drinking Water
State Revolving Fund
WA Skagit Public Utility District for the Alger Interstate 5 Waterline Relocation
2,000,000
STAG—Drinking Water
State Revolving Fund
WA Town of Winthrop Watermain Reconstruction 667,000
STAG—Drinking Water
State Revolving Fund
WA City of Issaquah for the Aquifer Project 600,000
STAG—Drinking Water
State Revolving Fund
WA Muckleshoot Tribe for a Water System Improvements
Project
3,452,972
STAG—Drinking Water
State Revolving Fund
WI Town of Campbell for PFAS Remediation in Drinking
Water Wells
1,666,000
STAG—Drinking Water
State Revolving Fund
WI Rib Mountain Sanitary District for Drinking Water Plant and PFAS Mitigation
1,667,000
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
WI City of Park Falls for Water and Sewer Aging
Infrastructure Improvements
1,667,000
STAG—Drinking Water
State Revolving Fund
WI Eau Claire Waterworks for Drinking Water
Infrastructure
1,666,000
STAG—Drinking Water
State Revolving Fund
WI Town of Peshtigo for Safe Drinking Water
Infrastructure
1,667,000
STAG—Drinking Water
State Revolving Fund
WI City of Wausau for Drinking Water PFAS Response
Project
1,667,000
STAG—Drinking Water
State Revolving Fund
WI City of Milwaukee for a Clean Water Initiative 3,452,972 STAG—Drinking Water
State Revolving Fund
WI Village of New Glarus for a Water Tower Project 1,000,000 STAG—Drinking Water
State Revolving Fund
WV Ravenswood for Sewage Treatment Plant 3,500,000
STAG—Drinking Water
State Revolving Fund
WV Union for Pickaway Waterline Extension 400,000
STAG—Drinking Water
State Revolving Fund
WV Logan Water Department for Alternate Source Water 500,000 STAG—Drinking Water
State Revolving Fund
WV Berkeley County Public Service Water District for
Bunker Hill Water Mainline Upgrade
3,000,000
STAG—Drinking Water
State Revolving Fund
WV Keyser for Water Treatment Plant and System
Improvements
8,000,000
STAG—Drinking Water
State Revolving Fund
WV City of Mannington for Water Meter Upgrades 229,000
STAG—Drinking Water
State Revolving Fund
WV Branchland Midkiff PSD for Kentucky Fork of 4 Mile
Creek Water Extension
370,000
STAG—Drinking Water
State Revolving Fund
WV Gilmer County PSD for Waterline Extension Upgrade 350,000 STAG—Drinking Water
State Revolving Fund
WV Marshall County Commission Grand Vue Park
Waterline Replacement
410,438
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STAG Account
State
Project
(Recipient Name and Purpose)
Amount ($)
STAG—Drinking Water
State Revolving Fund
WV Town of Newburg Independence Water Supply Line
Project
2,000,000
STAG—Drinking Water
State Revolving Fund
WV Town of Triadelphia Village of Valley Grove Water
System Improvements
5,000,000
STAG—Drinking Water
State Revolving Fund
WV Kingwood Water Works (WISDOM Project) 4,000,000
STAG—Drinking Water
State Revolving Fund
WV Town of Harrisville Mellin Ridge Water Line Extension 400,000 STAG—Drinking Water
State Revolving Fund
WV Wyoming County Commission Hanover Waterline
Extension
450,000
STAG—Drinking Water
State Revolving Fund
WV New Haven Public Service District Old Gwinn Road
Water Main Extension
1,000,000
#7..
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Appendix C: Technical Corrections-Procedural Information Examples of Acceptable Technical Corrections
Below are three common types of corrections that are generally acceptable. All examples assume concurrence from the original recipient and the new recipient to be named, if applicable.

Original Language
Purpose (P) or
Recipient (R)? New Language
Anytown for wastewater
infrastructure improvements P
Anytown for water infrastructure
improvements
Anytown for wastewater
infrastructure improvements R
Greater Anytown-Area Regional
Sewer Authority for wastewater
infrastructure improvements
Anytown for wastewater
infrastructure improvements P, R
Greater Anytown-Area Regional
Water Authority for drinking water
infrastructure improvements
Technical corrections cannot: 1) change the purpose to a non-construction project unless it otherwise provides for water quality protection; 2) change the purpose to construction of infrastructure that is not drinking, waste, or stormwater-related unless it otherwise provides for water quality protection; 3) change the purpose to debt repayment; or 4) transfer funds to another Federal Agency.

Who Can Request a Technical Correction?
Technical correction requests must be in writing and, for a change in purpose, must be originated by the original recipient. A request involving a change in recipient can be initiated by either the original recipient or the new entity to be named, but such a request requires the written concurrence of the other party. Requests involving a change in both recipient and purpose can also be initiated by either entity with concurrence from the other; however, the original earmark recipient must specifically acknowledge both the change in purpose and the change in recipient in their concurrence. Any request for technical corrections from parties other than the original recipient or the new entity will generally not be considered.

Procedure for Making a Technical Correction
Recipients requesting a technical correction should first consult their EPA Regional Contact to discuss the need for, and evaluate the appropriateness of, a technical correction. When appropriate and necessary, the EPA Regional Office will submit technical corrections to EPA Headquarters for consultation with and resolution by Congress. #7..
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EPA Regional Offices provide all written requests that are consistent with this Guidance to EPA Headquarters for review and submission to the Agency’s Liaison to the House and Senate Committees on Appropriations (“Appropriations Liaison”). The Appropriations Liaison initiates consultation with the House and Senate Committees on Appropriations. EPA approves proposed corrections after the Appropriations Liaison transmits confirmation of consultation with the Committees.12 EPA may then proceed with administering projects within the scope of approved corrected language.

When a Technical Correction is Unnecessary
All changes in the project purpose require a technical correction. All changes in the recipient require a technical correction unless the intended recipient is an agency of the original recipient or is wholly owned or controlled by the recipient (e.g., the recipient is listed as Anytown, USA, but the intended recipient is the Anytown Department of Water Quality). In such cases, a grant may be made to the intended recipient without a technical correction.

Withdrawing or Reversing a Technical Correction
Technical corrections requests that have been approved by EPA can be reversed (i.e., reverted to the original appropriation language). Reversing a technical correction requires a new technical correction following the procedures outlined above. Technical corrections requests that have not been approved by EPA Headquarters can be withdrawn. Withdrawal procedures depend on how far along the request went in the Congressional consultation process. • If the request has not yet been provided to Congress for consultation, the request will simply be removed from the submission list. Upon confirmation from EPA Headquarters that the request was removed, the Region can proceed under the scope of the original language.
• If the request has been sent to Congress for consultation, but not yet returned, EPA Headquarters will request its removal from consideration and will notify the Region when they can proceed under the scope of the original language. • If the consultation process was already completed, EPA will send the language reversal back to Congress in a subsequent request.

Administering a Technically Corrected Project
Technical corrections made under the technical corrections authority should be administered in accordance with the guidance document from the fiscal year of appropriation. 12 If the circumstances surrounding a technical correction for a particular project change after consultation with the Committees and EPA decides not to approve the request, EPA will notify the Committees in a subsequent request. #7..
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Appendix D: Application Forms and Attachments
The following registration steps must be completed prior to submitting an application package:
☐ Registration in SAM.gov. Unique Entity Identifiers (UEIs) are assigned during the SAM.gov registration process. Recipients with active SAM.gov registrations prior to April 2022 automatically have a UEI but may need to complete entity validation within SAM.gov.

Recipients must be registered in SAM.gov. Recipients may refer to the Entity Registration Checklist and obtain SAM.gov assistance via the Federal Service Desk at 1-866-606-8220 or fsd.gov (M-F 8am-8pm ET).
☐ Registration in Grants.gov. Once registered in SAM.gov, recipients who have a SAM.gov registration can then register with Grants.gov and assign Grants.gov Roles. Please note that only an Authorized Organization Representative (AOR) can submit an application on behalf of the recipient.

Grants.gov instructions, and Training Resources & Videos are available online.

Grants.gov assistance is available 24 hours a day, 7 days a week at 1-800-518-4726 or [email protected] (closed on federal holidays).

Complete application packages must be submitted through Grants.gov and must include the following:

1. ☐ Application for Federal Assistance (SF 424) with authorized signatures submitted.

2. ☐ Additional information for SF424, Block #19 (if applicable): Is application subject to review by State under Executive Order 12372 Process? Select the appropriate box. If box “a” is selected, enter the date the application was submitted to the State SPOC (generally, applicants must submit the SF424 or summary thereof to the State SPOC to meet the requirements under Executive Order 12372).
• California. All EPA programs and activities subject to Intergovernmental Review have been selected for State Single Point of Contact (SPOC) review. Community Grant Applications for projects in California should be submitted to the California SPOC at [email protected].
• Utah. Only applications for EPA financial assistance subject to Intergovernmental Review submitted by Utah state agencies have been selected for SPOC review. Applications by local governments, nonprofit organizations and other entities are not reviewed by the Utah SPOC.

Utah state agencies are to submit their Community Grant applications to [email protected].
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No other SPOCs have selected EPA programs and activities subject to Intergovernmental Review for SPOC review, however there may be requirements for submission of Federal grant applications to SPOCs or other state agencies based on state law that are independent of 40 CFR Part 29. EPA encourages applicants to comply with state requirements but does not enforce those requirements.
• Intergovernmental Review SPOC List provides contact information for each SPOC.
• Fact sheet for Applicants Intergovernmental Review Process provides additional information on Intergovernmental Review.

3. ☐ Budget Information for Non-Construction Programs (SF 424A). ☐ Budget Detail-Breakdown by Object Class Categories.

RAIN-2019-G02 at https://www.epa.gov/grants/rain-2019-g02 • Costs for hiring construction contractors would be reflected in SF 424A Category g “Construction.”
• Costs for building or repairing facilities and related demolition and site preparation work or for remediating contamination are to be classified as SF424A Category g “Construction.”
• Costs for hiring Architectural and Engineering firms for design/project management services would be categorized in SF 424A Category f “Contractual.” • Construction activities carried out by the applicant’s own employees (“force account”) are to be classified as SF 424A Category a “Personnel.” • Information on cost allowability is provided in 2 CFR Part 200, Subpart E. Recipients may review EPA’s training course on budget development. EPA reviews costs included in project budgets as part of the application/pre award process to ensure they conform with general principles of cost allowability:
o A cost is eligible if it is permitted by statute, program guidance, or regulations. o A cost is reasonable if it does not exceed that which would be incurred by a prudent person under the circumstances prevailing at the time the decision was made to incur the cost.
o Costs must be allocable: costs must be incurred either directly or indirectly to carry out the project and must be charged proportionately across all benefitting cost centers.
o Costs must be necessary for the project being funded.

Allowable costs are:
o Adequately documented.
o Conform to limitations of laws, regulations, etc. and grant terms and conditions. o Consistent with recipient’s policies/procedures – same factors apply to both federal and non-federal activities.
o Accorded to consistent treatment – a cost may not be assigned as direct if a similar cost incurred for the same purpose has been allocated as an indirect cost. #7..
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o Not included as a cost or used to meet a matching requirement for any other federal grant.
o Consistent with generally accepted accounting principles

4. ☐ Use the Project Narrative Attachment Form to submit the Workplan. The workplan should include tasks, milestones, and expected environmental results or outcomes (See Appendix E).

5. ☐ Use the Other Attachments Form to submit the Current Indirect Cost Rate Negotiation Agreement. If applicable, include Rate and Signature pages (i.e., Sections 1 and 3) of the approved Indirect Cost Rate Agreement with application.

EPA Policy on Indirect Rate Costs (IDC) effective 10/1/2018, RAIN-2018-G02.

Prior to drawing down EPA funds for IDCs, and/or using unrecovered IDCs as costshare, recipients must have an approved rate and an EPA- approved budget that includes IDCs.
• IDCs are those that are nor readily identifiable with a particular activity but are necessary to the general operation of the recipient organization and the conduct of the proposed project (such as general administration expenses).

6. ☐ EPA Key Contacts Form (EPA Form 5700-4).

7. ☐ Pre-Award Compliance Review Report (EPA Form 4700-4), current form with authorized signature. See Tips for Completing EPA Form 4700-4.

8. ☐ Use the Other Attachments Form to submit the Certification Regarding Lobbying (EPA Form 6600-06) with authorized signature. All applicants, including Tribes, are required to submit this certification if the total federal dollar awarded to the applicant/recipient is greater than $100,000 for the life of the grant.

9. ☐ Use the Other Attachments Form to submit the Disclosure of Lobbying Activities (Form SF-LLL), with authorized signature attached with the grant application package. For all other applicants, form is required for reporting entity, whether subawardee or prime federal recipient, at the initiation or receipt of a covered federal action, or a material change to a previous filing, pursuant to Title 31 U.S.C Section 1352. Used by applicants to disclose lobbying activities that have been secured to influence the outcome of a federal grant action. #7..
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Accessing the Application Package
NOTE: Do not use the “SEARCH” bar located at the top right of the Grants.gov webpage to find Application Packages.

To locate Application Package:

1. Go to directly to the funding opportunity on Grants.gov.

2. In the “Package” tab, scroll down the page to locate Assistance Listing Number 66.202 (listed under the column heading “CFDA”) for the application package.

REMINDERS:
• Do NOT use the “SEARCH” bar located at the top right of the Grants.gov screen to find Application Packages. Follow the instructions above. • Recipients must ensure appropriate role(s) and access in Grants.gov Workspace are assigned within recipient entity as applicable; each entity’s EBiz point of contact (POC) is the person that authorizes or assigns Grants.gov roles. Additional information on Grants.gov role assignment is available online. • There are a series of automated emails generated by Grants.gov during the application submission process. See sample email below. • Obtain a Tracking Number from Grants.gov Support technicians when contacting the Grants.gov Support Center for assistance. This Tracking Number is used to help ensure your issue(s) is fully addressed.
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Please contact the Grants.gov Support Center by phone (1-800-518-4726) or email ([email protected]) for technical support or questions. Help is available 24 hours a day, 7 days a week, excluding federal holidays.

ALERT: It is important to read the automated emails generated by Grants.gov as the messages provide application status updates during the submission process. Below is a sample automated email indicating that an application has been sent to the funding agency with an assigned tracking number.
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Appendix E: Community Grants Workplan Contents/Outline
Name of Applicant and Project Title
Project Objective(s) and Need
Narrative, how project will resolve need/purpose.

Project Description
Narrative, maps, photographs, relevant design parameters etc. Clearly defined scope of work, outlining all activities to be performed under the grant; detailed description of the proposed project, summary of deliverables. Framework for managing the project, explanation of the approach, procedures, and controls for ensuring that awarded grant funds will be expended in a timely and efficient manner, evaluating performance and reporting progress toward achieving the expected outputs and outcomes. How tasks/activities will be undertaken. The scope of work must be in conformance with the project description. Budget narrative that links the budget to workplan tasks activities and includes source(s) of non-federal cost share.

Milestone Schedule
Narrative or tabular depiction of each grant activity’s estimated start and end dates, interim milestones, deliverables, and project completion. The length of the grant award project period should be consistent with the milestone schedule.

Environmental Results/Benefits
Narrative or tabular linkage of each grant activity with the applicable EPA Strategic Plan goal and objective (i.e. EPA’s FY2022 – FY2026 Strategic Plan Goal 5: Ensure Clean and Safe Water for All Communities, Objective 5.1: Ensure Safe Drinking Water and Reliable Water Infrastructure), anticipated environmental results, anticipated environmental outputs, and anticipated environmental outcomes. • Outputs: environmental activities, efforts, and/or associated work products related to environmental goals or objectives, that will be produced or provided over a period of time or by a specified date. Outputs should be well-defined and may be quantitative or qualitative but must be measurable during an assistance agreement funding period. • Outcomes: the results, effects or consequences that will occur from carrying out an environmental program or activity that is related to an environmental or programmatic goal or objective. Outcomes should be well-defined to the maximum extent practicable, and may be environmental, behavioral, health-related, or programmatic in nature, must be quantitative, and may not necessarily be achievable within an assistance agreement funding period.

Workplan Requirements for Identifying Contractors
Contractual selection must comply with the competitive Procurement Standards set forth in 2 CFR 200.317 – 2 CFR 200.327. EPA’s Contracts and Subawards solicitation clause provides more information about partnerships, and the Best Practice Guide for Procuring #7..
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Services, Supplies, and Equipment Under EPA Assistance Agreements can assist community project recipients in complying with procurement requirements. In general, all procurement transactions for professional engineering services and construction contractors must be conducted in a manner that promotes fair and open competition from an adequate number of qualified sources. 2 CFR 200.320 discusses the specific methods of procurement to be followed and the circumstances under which each method can be used.

Workplan Requirements for Identifying Subrecipients
Any proposed subawards must comply with regulatory standards as implemented in EPA’s Subaward Policy. In almost all cases, for-profit firms and individual consultants are not proper subrecipients. For-profit firms and individual consultants would more likely be considered contractors.
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Appendix F: Grant Policies and Resources
Grants Management Training for Applicants and Recipients • EPA’s online training courses are free and are designed to introduce potential EPA grant recipients to key aspects of the entire grant lifecycle, from preparation of an application through grant closeout.
• Information on EPA Form 4700-4 is available online, see Tips for Completing EPA Form 4700-4
EPA Grant Policies
• EPA grant policies may affect how recipients manage and administer EPA assistance agreements.

Budget Development
• Community Grant recipients may refer to Interim General Budget Development Guidance for Applicants and Recipients of EPA Financial Assistance to learn more about cost eligibility and preparation of the budget component of the application package.

Selected Items of Cost
EPA POs and grant specialists review costs included in project budgets as part of the application.

Allowability of costs is based on several factors specified in 2 CFR Part 200, Subpart E.

EPA’s Guidance on Selected Items of Cost for Recipients provides information on the allowability of specific costs.

Environmental Review
The National Environmental Policy Act (NEPA) requires evaluation of how federal grant actions may affect the quality of the environment. Under NEPA, environmental impacts must be considered before EPA can award the grant.
• The Categorical Exclusion (CATEX) Checklist provides information on assessing whether a project may be considered for a CATEX. EPA’s list of actions that can be categorically excluded is contained within 40 CFR Part 6 Subpart B. EPA makes CATEX determinations based on its own regulations and can use information collected as part of another federal agency’s NEPA process. Recipients having a CATEX determination resulting from another agency’s NEPA review of their project may provide that information to EPA as part of any request for a CATEX.

The following tools may be used to support development of Environmental Information Documents (EIDs).
• The sample EID Outline provides optional format and content on what to include in an EID.
• The Infrastructure Task Force Preliminary Engineering Report provides a recommended format for preliminary engineering reports (PER) for use when planning drinking water and wastewater infrastructure.
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Procurement
• EPA’s Best Practice Guide for Procuring Services, Supplies and Equipment Under EPA Assistance Agreements describes the financial transactions covered by the competitive procurement requirements and other rules you must follow when awarding and administering EPA funded contracts.
• Community grant recipients must follow their own procurement procedures, which must be documented and comply with State, local or tribal laws and regulation as well as Federal laws and Uniform Grant Guidance (UGG) procurement regulations. Projects inclusive of CWSRF-eligible activities, irrespective of whether such projects are cofunded with CWSRF funding, must comply with the procurement processes for architectural and engineering (A/E) services as identified in 40 U.S.C. 1101 et seq., or an equivalent State requirement.

Davis Bacon
• The Davis-Bacon Act requires that all contractors and subcontractors performing construction, alteration, and repair (including painting and decorating) work under federal contracts in excess of $2,000, pay their laborers and mechanics not less than the prevailing wage and fringe benefits for the geographic location. Personnel costs include salaries, wages, and allowable incentive compensation for recipient employees (i.e., who receive W-2 forms) who spend time working on the project and are not subject to Davis Bacon.

EPA’s Disadvantaged Business Enterprise (DBE) Program
• EPA’s DBE Program applies to all EPA Assistance Agreements and requires recipients who procure goods and/or services to: employ the good faith efforts, document their efforts and maintain DBE forms and other documentation from the prime contractor, and report their procurement and DBE activities even if there isn’t anything to report.

Build America, Buy America (BABA)
• Recipients are required to ensure that procurement plans comply with BABA requirements prior to grants being awarded. Requirements call for all the iron, steel, manufactured products, and construction materials used in the project to be produced in the United States.

American Iron and Steel (AIS)
• The AIS provision requires recipients to use iron and steel products that are produced in the United States for the construction, alteration, maintenance, or repair of a public water system or treatment works. Compliance with AIS requirements correspond to for iron and steel products will satisfy a subset of BABA requirements, (e.g., those pertaining to iron and steel), however BABA also includes requirements pertaining to manufactured goods and construction materials, which must also be met. Projects that are in compliance with BABA are in compliance with AIS.

EPA Community Grants program
• The EPA Community Grants web page will be updated as new information becomes available.
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Reporting waste, fraud, abuse, or other suspected violations of law • The EPA Office of Inspector General is an independent oversight office charged with preventing and detecting waste, fraud, and abuse by EPA and U.S. Chemical Safety and Hazard Investigations Board employees, grantees, contractors, and others. It does this through audits and investigations of Agency programs and operations, often in response to complaints submitted to the OIG Hotline regarding alleged violations of law, needless spending, or intentional deception.
• Suspected waste, fraud, abuse, or other violations of law can be reported anonymously or confidentially to the OIG Hotline via phone at (888) 546-8740, email, or online form.

Listen to this podcast to learn more about the hotline.

Whistleblower Protection
• A whistleblower is a federal employee, an employee of a federal contractor, subcontractor, grantee, or subgrantee or personal services contractor who discloses what the individual believes to be evidence of a gross waste of federal funds, a substantial danger to public health or safety, or any of the following related to a federal contract or grant: gross mismanagement, abuse of authority, or other violation of law, rule, or regulation.
• Because of the important public service these individuals perform when they come forward, whistleblower protection laws prohibit reprisal against them, such as firing, demotion, or other discrimination, and protect the identities of those who make anonymous or confidential disclosures, such as via the OIG Hotline. Learn more about Whistleblower Protection here.
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CITY OF MODESTO

COMMITEE AGENDA REPORT
DATE OF MEETING:

August 25, 2025
Date: August 1, 2025
TO: Finance Committee
Rosa Escutia-Braaton, Chair
David Wright, Vice-Chair
Nick Bavaro, Member
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: Annual Investment Report – Fiscal Year 2024-2025 CONTACT: Calogero Maniscalco, Senior Financial Analyst, [email protected], (209) 577-5219
DESCRIPTION:

Consider delegating the responsibility for investment transactions to the Director of Finance and accepting the Annual Investment Report for Fiscal Year 2024-2025 and forwarding to Council for approval. (Funding Source: Various Funds)
STRATEGIC PLAN ELEMENT:

This item supports the City of Modesto 2025-2026 Strategic Plan focus of Governance and Service Delivery under Goal H: Achieve Long-Term Financial Sustainability.

BACKGROUND:

The City’s Finance Department submits a monthly investment report to Council and the City Manager. The final of these reports each fiscal year is an annual report. Attached are the June investment reports (see attachment list below) generated by Public Financial Management (PFM) Asset Management, the City’s investment advisor. Investments in the portfolio (Attachment 4) are for the City of Modesto, Modesto Public Financing Authority, Community Facilities Districts, Tuolumne River Regional Park, Successor Agency to the Redevelopment Agency, and the Modesto-Ceres Fire Protection Agency Joint Powers Authority.

Pursuant to the Government Code, the authority of the City Council to invest or to reinvest funds of the City, or to sell or exchange securities, may be delegated for a one-year period to the Treasurer, who shall thereafter assume full responsibility for those transactions until the delegation of authority is revoked or expires. The Finance Department is responsible for the deposit and invests City fund as defined in the City Municipal Code 2-3.404. The Director of Finance fulfills the Treasurer responsibilities for the City of Modesto, and so the authority is #8..
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Finance Committee, August 25, 2025
Annual Investment Report – Fiscal Year 2024-2025

provided to this position. This authority is an annual renewal the City needs to document through a Council action as defined in the Government Code.

DISCUSSION:

It is the function of the Finance Department to deposit and invest funds in accordance with sound treasury management and to safeguard the principal and maintain the liquidity needs of the City.

The Treasurer must be authorized on an annual basis to carry out these functions. The purpose of the Monthly and Annual Investment Reports are to keep the City Council and City Manager informed of the City’s investment portfolio. As shown in Attachment 2, on June 30, 2025, the City had a closing market value of $527,960,088 in its investment portfolio.

The U.S. Treasury yield curve steepened over the quarter. The front end of the yield curve moved lower amid expectations for Fed rate cuts while longer-dated tenors rose on concerns regarding the longer-term impacts of the proposed federal reconciliation bill. The 3-month Treasury was relatively unchanged given no rate cuts from the Fed while 2- and 5-year Treasuries fell by 15-16 bps to 3.72% and 3.80% respectively. In addition, the 2-year traded over a wide 60 basis point (bps) range during the quarter, highlighting the elevated volatility. The 10-year Treasury increased by 2 bps to 4.23% while the 30-year Treasury increased by 16 bps to 4.78% as investors demanded more yield to make investments further out the curve.

U.S. Treasury Yields
Fiscal Year End
6/30/25
Fiscal Year End
6/30/24
Change
Year on Year
3-month 4.29% 5.35% (1.06%)
1-year 3.97% 5.11% (1.08%)
2-year 3.72% 4.75% (1.14%)
3-year 3.69% 4.55% (0.86%)
5-year 3.80% 4.38% (0.58%)
FISCAL IMPACT:

As mentioned, as of June 30, 2025, the City’s investment portfolio had an approximate market value of $528.0 million. For the year ending June 30, 2025, the City’s securities portfolio returned

6.40% versus the benchmark return of 6.07% (gross fees). This is a gross outperformance of 33 basis points (0.33%) against the benchmark.

The City’s portfolio is well balanced. The portfolio has sufficient liquidity with 42.46% in maturities under two years and 10.48% in overnight securities. The City’s portfolio remains diversified in U.S. government securities, corporate notes, negotiable CDs, and asset-backed securities. The #8..
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Finance Committee, August 25, 2025
Annual Investment Report – Fiscal Year 2024-2025

City’s diversification has led to increased investment earnings vs the benchmark over the prior fiscal year.

In June, the approximate yield of the City’s combined investments was 4.09% (see Attachment 3) on a weighted average. For the portfolio of securities alone, the yield to maturity on cost was

4.02%. For comparative purposes, the yields (as of June 30, 2025) of other investments commonly used by public agencies are listed below:

Local Agency Investment Fund: 4.27%
1-Year U.S. Treasury Note: 4.07%
2-Year U.S. Treasury Note: 3.75%

The Portfolio maintains sufficient liquidity to meet the City's projected expenditure requirements for at least the next six months.

RECOMMENDED COMMITTEE ACTION:

Staff Recommendations:

Motion delegating the responsibility for investment transactions to the Director of Finance and accepting the Annual Investment Report for Fiscal Year 2024-2025 and forwarding to Council for approval.

Approved by:

DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:

1. Monthly Investment Report

2. Account Statement

3. Combined Yields

4. Portfolio Holdings and Earnings Projections

5. Cash with Fiscal Agent
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PORTFOLIO HOLDINGS
Attachment 1
Percentages may not total to 100% due to rounding.

Investment Type No. of Investments Amount Invested
CAMP 1 $79,725,922.37
Federal Agency CMO 28 $84,984,297.56
U.S. Treasury 48 $237,783,015.80
Negotiable CD 1 $3,548,636.00
Corporate Note 36 $82,212,549.98
Asset-Backed 21 $37,905,666.72
Municipal 2 $1,800,000.00
Total Invested 137 $527,960,088.43
Sector Allocation
June 30, 2025 versus May 31, 2025
Sector June 30, 2025 May 31, 2025 Change in Allocation Permitted by Policy
U.S. Treasury 45.0% 46.4% -1.3% 100%
Federal Agency CMO 16.1% 16.1% -0.1% 100%
Negotiable CD 0.7% 0.7% 0.0% 30%
Corporate Note 15.6% 15.2% 0.4% 30%
Asset-Backed 7.2% 6.0% 1.1% 20%
Municipal 0.3% 0.4% -0.1% 100%
CAMP 15.1% 15.2% -0.1% 100%
* Total invested includes only the bolded numbers
* * Amount invested are market values excluding accrued interest Additional, detailed information regarding security types and investment activity may be found in Attachment 2 accompanying this memo. Moreover, the addendum data will confirm continued compliance with the investment policy as well as with California Government Code.

RECENT ACTIVITY & CORPORATE EXPOSURE
Increasing geopolitical tension in the Middle East adds to the already uncertain outlook. While the ceasefire has eased immediate concerns, future flare-ups may pressure domestic inflation through higher oil and energy prices. As expected, at the meeting held on June 18 the Federal Reserve (Fed) held the target range for the overnight rate unchanged at 4.25% to 4.50%. In its press release, the Fed noted uncertainty has diminished since April but remains elevated. During the press conference, Fed Chair Jerome Powell noted that the effect, size, and duration of tariffs are all highly uncertain and that warrants the Fed remaining on hold as it continues to observe the data. he Fed’s “dot plot” continued to show a median expectation of 50 basis points (bps) of rate cuts over the remainder of the year while its Summary of Economic Projections showed a weaker outlook for both gross domestic product (GDP) and PCE inflation. Fed Chair Powell emphasized the divergence of views across the committee noting eight members called for two cuts in 2025 while seven members project none. During the month, in the LongTerm Portfolio, we bought three 4.5- to 5-year asset-backed securities. We also purchased a 2.5-year corporate note and two 4.5 to 5-year U.S. Treasuries. Purchases were made by using the proceeds of one maturing Treasury bill and selling three 6-month U.S. Treasuries, one 6-month municipal, and two 1-year U.S. Treasuries. In the Short-Term Portfolio, there were no trading activity during this month. #8..
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Long-Term Portfolio Total Return
June 30, 2025
1 Month Trailing
12 Months
Trailing 36
Months
Trailing 60
Months
Since
Inception5
City of Modesto Investment Portfolio1,2,3 0.80% 6.40% 3.64% 1.31% 2.23% Modesto Performance Benchmark4 0.74% 6.07% 3.23% 0.91% 1.93% Average Portfolio Yields
June 30, 2025
Past
Month
Past 3
Months
Past
Year
Past 3
Years
Past 5
Years
City of Modesto Investment Portfolio 4.02% 4.02% 3.76% 2.81% 2.35% City of Modesto Short-Term Portfolio 4.24% 4.40% 4.68% 4.55% - $117.7
$43.9
$69.4
$88.2
$112.5
$96.1
$-
$30.0
$60.0
$90.0
$120.0
$150.0
Under 6
Months
6-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years
Millions
Maturity Distribution
June 30, 2025

1. Performance is calculated on trade-date basis, gross (i.e., before fees) in accordance the CFA Institute's Global Investment Performance Standards (GIPS).

2. Performance numbers for periods greater than 1 year are presented on an annualized basis unless otherwise noted.

3. The performance calculation excludes any funds not invested in the 1-5 year strategy.

4. Performance benchmark through December 31, 2018 was the ICE BofA 1-3 Year U.S. Treasury Index, and is now the ICE BofA 1-5 Year U.S. Treasury Index, sourced from Bloomberg Finance L.P.

5. Inception date is 3/31/04.

PERFORMANCE
Yields on 3-month, 2-year, and 10-year U.S. Treasuries ended June at 4.29%, 3.72%, and 4.23%, representing decreases of -4 bps, -18 bps, and -17 bps, respectively. Investment-grade (IG) corporate bond spreads inched tighter through June following notable retracement from prior months and now sit below their multi-year averages. Asset-backed securities (ABS) retraced from April wides, although to a lesser extent than similar duration IG corporates. Tightening spreads led to outperformance in these sectors, as compared to similar duration Treasuries. Agency-backed commercial MBS (CMBS) and mortgage-backed securities (MBS) also posted strong excess returns in June as waning bond volatility supported performance in mortgage-related sectors. As a result of lower interest rates during the month, both the portfolio and its benchmark returned positive performance in June, and the portfolio outperformed the benchmark. Since inception, the portfolio continues to produce strong performance and has outperformed the benchmark by 30 basis points each year on average.

Detail may not add to total due to rounding
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INVESTMENT POLICY
The City’s investment policy embraces the following standards: the prudent investor rule, requiring the safety of principal, through prudent and safe investments; sufficient liquidity to meet expected and unforeseen cash flows; generation of an above-market, risk-adjusted rate of return (meaning, returnsexpectations taking safety and liquidity into account). No investments longer than five years are permitted.

Some investments have maturity limits of 270 days or less. The table below details the City’s permitted investments.

Investment Type
Maximum
Maturity
Maximum
Specified
% of Portfolio
Maximum
% per
Issuer
Minimum Quality
Requirements
Local Agency Bonds 5 Years None None None
Treasury Obligations 5 Years None None None
State Obligations 5 Years None None A rating
CA Local Agency Obligations 5 Years None None A rating
Federal Agencies 5 Years None None None
Supranationals 5 Years 30 percent 5 percent AA
Banker’s Acceptances 180 days 40 percent 5 percent Federal Reserve eligible Commercial Paper 270 days 25 percent 5 percent A1/P1 rating Negotiable Certificates of Deposit 5 Years 30 percent 5 percent A rating Certificates of Deposit 1 Year 20 percent 5 percent FDIC insured or collateralized
Repurchase Agreements 90 days None 5 percent None
Reverse Repurchase Agreements 92 days
20 percent of
combined base
value
5 percent None
Medium Term Notes 5 Years 30 percent 5 percent A rating Money Market Mutual Funds N/A 20 percent 10
percent Multiple
Mortgage and Asset-backed
Securities 5 Years 20 percent 5 percent AA Rating
CAMP N/A None None N/A
LAIF N/A N/A None N/A
The City is not required to include a list of investments held by our bond trustees; however, staff believes the City Council should be kept informed of these investments. These investments are identified on Attachment A.

LONG TERM PORTFLIO INCOME RETURN
Monthly Income Return

0.30%
Fiscal Year-to-Date Income Return

3.26%
Prior 12 Months Income Return

3.26%
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Economic Summary
Source: Bloomberg Finance L.P. as of July 8, 2025. Yellow dots represent activity impacting effective tariff rate (top). Bloomberg Finance L.P., Bureau of Labor Statistics and Bureau of Economic Analysis. The shading represents the deciles of each data point using 30 years of historical data. *Median forecasts sourced from Bloomberg Finance L.P. as of July 9, 2025. (bottom) Uncertainty Remains High
China +10%

3.7%
China +10%
Canada/Mexico +25%
Canadian energy +10%

11.5%
USMCA exemption for
Canada/Mexico

5.6%
Steel & aluminum
+25%

6.6%
+10% reciprocal
tariff

13.4%
China +50%

27.5%
China to 125%
Pause on other
reciprocal tariffs

26.9%
China to 30%

12.6%
Steel & aluminum
+25%

13.2%
Add appliances to steel &
aluminum

13.4%
New reciprocal tariffs
announced and set for
implementation Aug 1st
0%
5%
10%
15%
20%
25%
30%
3-Feb 17-Feb 3-Mar 17-Mar 31-Mar 14-Apr 28-Apr 12-May 26-May 9-Jun 23-Jun 7-Jul Effective Tariff Rate
Select Activity from February 3, 2025 to July 8, 2025
2023 2024 2025
CPI YoY 6.4 6.0 5.0 4.9 4.0 3.0 3.2 3.7 3.7 3.2 3.1 3.4 3.1 3.2 3.5 3.4 3.3 3.0 2.9 2.5 2.4 2.6 2.7 2.9 3.0 2.8 2.4 2.3 2.4 Unemployment
Rate 3.5 3.6 3.5 3.4 3.6 3.6 3.5 3.7 3.8 3.9 3.7 3.8 3.7 3.9 3.9 3.9 4.0 4.1 4.2 4.2 4.1 4.1 4.2 4.1 4.0 4.1 4.2 4.2 4.2 U.S. Real GDP
QoQ 2.8 2.4 4.4 3.2 1.6 3.0 3.1 2.4 -0.5 2.1%
Est.*
Consumption
QoQ 4.9 1.0 2.5 3.5 1.9 2.8 3.7 4.0 0.5 1.9%
Est.*
Worse Neutral Better
Economic Momentum Slows Amid Uncertainty
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Source: Federal Reserve; Bloomberg Finance L.P.. Individual dots represent each Fed members’ judgement of the midpoint of the appropriate target range for the federal funds rate at each year-end. As of June 2025(top). Federal Reserve, latest economic projections as of June 2025. (bottom).

Economic Summary
The Latest Fed “Dot Plot”
0%
1%
2%
3%
4%
5%
Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy Jun-25 FOMC Projections
Mar-25 Median
Jun-25 Median
2025 2026 2027 Longer Term
2 cuts 1 cut 1 cut 3.0%

3.9%

3.6% 3.4%

3.0%
0%
1%
2%
3%
4%
5%
6%
2025 2026 2027 Longer
Run
Federal Funds Rate
Mar Projections Jun Projections
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Source: ICE BofA 1-5 year Indices via Bloomberg Finance L.P., MarketAxess and PFMAM as of 06/31/2025. Spreads on ABS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.

Economic Summary
Credit Spreads Narrowed in June

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%
Jun-23 Dec-23 Jun-24 Dec-24 Jun-25
Corporate Notes A-AAA Yield Spreads
-0.1%

0.0%

0.1%

0.2%

0.3%

0.4%
Jun-23 Dec-23 Jun-24 Dec-24 Jun-25
Federal Agency Yield Spread

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%
Jun-23 Dec-23 Jun-24 Dec-24 Jun-25
Asset-Backed Securities AAA Yield Spreads
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U.S. Treasury Yields
Source: Bloomberg Finance L.P., as of 06/30/2025.

Economic Summary

5.5%

5.0%

4.5%

4.0%

3.5%

3.0%

2.5%

2.0%

1.5%

1.0%

0.5%

0.0%
06/30/2024
05/31/2025
06/30/2025
3-mo 2-yr 5-yr 10-yr 30-yr
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The views expressed within this material constitute the perspective and judgment of U.S.

Bancorp Asset Management, Inc. at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon current opinion as of the date of issue and are also subject to change. Opinions and data presented are not necessarily indicative of future events or expected performance. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. No representation is made as to its accuracy or completeness.

PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investment advisory services. U.S.

Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc.

For more information regarding PFMAM’s services or entities, please visit www.pfmam.com.

Disclosures
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CITY OF MODESTO - Combined Portfolio

ACCOUNT STATEMENT
For the Month Ending
June 30, 2025
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF MODESTO
ATTN: Accounts Payable
P.O. BOX 642
MODESTO, CA 95353
Client Management Team
Accounts included in Statement
57710050 CITY OF MODESTO
57710062 CITY OF MODESTO SHORT-TERM
Online Access https://www.pfmam.com Customer Service 1-717-232-2723 Monique Spyke
Managing Director
1 California Street Ste. 1000
San Francisco, CA 94111-5411
415-393-7270
[email protected]
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For the Month Ending June 30, 2025
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

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

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

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

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

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

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

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

PFM Asset Management
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by
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For the Month Ending June 30, 2025
Account Statement
Consolidated Summary Statement
CITY OF MODESTO - Combined Portfolio
Investment Allocation
Investment Type Closing Market Value Percent
Asset-Backed Security 37,905,666.72 7.18
Corporate Note 72,423,084.16 13.72
Bank Note 9,789,465.82 1.85
Certificate of Deposit 3,548,636.00 0.67
Federal Agency Commercial Mortgage-Backed Security 84,984,297.56 16.10 Municipal Bond / Note 1,800,000.00 0.34
U.S. Treasury Bond / Note 237,783,015.80 45.04
CAMP Pool 79,725,922.37 15.10
Total $527,960,088.43 100.00%
Portfolio Summary
and Income
Closing
Portfolio Holdings Market Value
Cash Dividends
PFMAM Managed Account 1,516,799.08 448,234,166.06
CAMP Pool 0.00 79,725,922.37
Total $1,516,799.08 $527,960,088.43
Maturity Distribution (Fixed Income Holdings)
Portfolio Holdings Closing Market Value Percent
81,525,922.37
10,808,014.60
11,099,372.31
2,200,345.46
43,895,825.03
74,644,717.94
84,257,318.34
112,540,060.17
106,988,512.21

0.00 15.44

2.05 2.10

0.42 8.31

14.14 15.96

21.32 20.26

0.00 Under 30 days
31 to 60 days
61 to 90 days
91 to 180 days
181 days to 1 year
1 to 2 years
2 to 3 years
3 to 4 years
4 to 5 years
Over 5 years
Total $527,960,088.43
858
100.00%
Weighted Average Days to Maturity
Sector Allocation

7.18%
ABS

13.72%
Corporate Note

1.85%
Bank Note

0.67%
Cert of Deposit

16.10%
Federal Agency
Commercial
Mortgage-Backed
Security

0.34%
Muni Bond / Note

45.04%
US TSY Bond / Note

15.10%
CAMP Pool
PFM Asset Management Summary Page 1
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Managed Account Summary Statement For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
$444,453,209.17
(1,520,026.91)
(16,553,901.84)
19,746,445.81

0.00 2,108,439.83
$448,234,166.06
1,084,662.63
(110,917.29)
543,053.74
$1,516,799.08
Total
445,566,704.90
3,024,896.93
16,619,594.15
1,520,026.91
1,018,970.32
(19,857,363.10)
(443,881,902.10)
(2,636,363.64)
Total Accrual Basis Earnings $1,374,564.37
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Transaction Summary - Managed Account
_________________
_________________
_______________________________________________ _______________________________________________ Reconciling Transactions Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary - Managed Account
900,000.00
16,619,594.15
1,018,970.32
620,026.91
(19,857,363.10)

48.03 0.00
Cash Balance
Closing Cash Balance $746,316.47
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 1 U.S. Bancorp Asset Management, Inc.
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Portfolio Summary and Statistics For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 239,720,000.00 237,783,015.80 53.05 Municipal Bond / Note 1,800,000.00 1,800,000.00 0.40
Federal Agency Commercial
Mortgage-Backed Security
83,638,491.17 84,984,297.56 18.96
Corporate Note 71,875,000.00 72,423,084.16 16.16
Certificate of Deposit 3,500,000.00 3,548,636.00 0.79
Bank Note 9,635,000.00 9,789,465.82 2.18
Asset-Backed Security 37,608,086.95 37,905,666.72 8.46
Managed Account Sub-Total 447,776,578.12 448,234,166.06 100.00% Accrued Interest 3,024,896.93
Total Portfolio 447,776,578.12 451,259,062.99
Unsettled Trades 0.00 0.00
Sector Allocation

8.46%
ABS

2.18%
Bank Note

0.79%
Cert of Deposit

16.16%
Corporate Note

18.96%
Federal Agency
Commercial
Mortgage-Backed
Security

0.40%
Muni Bond / Note

53.05%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

5.78%

9.79%

16.65%

18.80%

25.11%

23.87%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1011

4.10%

4.04%
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 2 U.S. Bancorp Asset Management, Inc.
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Managed Account Issuer Summary For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Credit Quality (S&P Ratings)

3.98%
A

9.20%
A+

0.47%
A1.72%
AA

73.17%
AA+

1.68%
AA7.92%
AAA

1.86%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 2,947,757.63 0.66
American Express Co 3,124,784.13 0.70
Apple Inc 5,217,695.60 1.17
BA Credit Card Trust 3,221,444.84 0.72
Bank of America Corp 9,992,952.38 2.23
Bank of New York Mellon Corp 6,130,731.96 1.37
BlackRock Inc 372,690.19 0.08
Bristol-Myers Squibb Co 2,200,345.46 0.49
Citigroup Inc 10,756,997.40 2.41
Cooperatieve Rabobank UA 3,548,636.00 0.79
Deere & Co 2,617,137.60 0.59
Eli Lilly & Co 2,960,605.25 0.66
Federal Home Loan Mortgage Corp 81,641,241.97 18.25
Federal National Mortgage Association 3,343,055.59 0.75 Fifth Third Auto Trust 2,251,496.11 0.50
GM Financial Consumer Automobile Receiv 1,050,375.09 0.23 Goldman Sachs Group Inc 3,024,612.00 0.68
Home Depot Inc 3,516,584.03 0.79
Honda Auto Receivables Owner Trust 1,939,749.85 0.43
Hyundai Auto Receivables Trust 3,676,723.60 0.82
JPMorgan Chase & Co 12,373,796.05 2.77
Kenvue Inc 2,355,089.60 0.53
Kubota Credit Owner Trust 2,467,599.79 0.55
Mastercard Inc 2,523,351.04 0.56
Microsoft Corp 5,917,953.00 1.32
Morgan Stanley 4,083,076.00 0.91
PACCAR Inc 1,157,691.78 0.26
PepsiCo Inc 2,708,144.28 0.61
State Board of Administration Finance C 1,800,000.00 0.40 State Street Corp 1,914,848.50 0.43
Target Corp 353,524.77 0.08
Toyota Auto Receivables Owner Trust 1,449,646.98 0.32
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 3 U.S. Bancorp Asset Management, Inc.
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Managed Account Issuer Summary For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Issuer of Holdings Percent
Market Value
Toyota Motor Corp 2,888,547.20 0.65
United States Treasury 237,783,015.80 53.17
USAA Auto Owner Trust 2,337,177.65 0.52
Walmart Inc 5,912,672.16 1.32
Wells Fargo & Co 5,706,389.82 1.28
Total $447,268,141.10 100.00%
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 4 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 07/31/2023 4.750% 07/31/2025
91282CHN4 10,805,000.00 AA+ Aa1 07/30/24 07/31/24 10,799,091.02 4.81 214,085.26 10,804,505.07 10,808,014.60

US TREASURY N/B
DTD 09/15/2022 3.500% 09/15/2025
91282CFK2 11,115,000.00 AA+ Aa1 09/16/24 09/16/24 11,061,595.90 4.00 114,170.38 11,103,832.91 11,099,372.31

US TREASURY N/B
DTD 02/28/2019 2.500% 02/28/2026
9128286F2 1,360,000.00 AA+ Aa1 03/01/21 03/01/21 1,479,850.00 0.70 11,364.13 1,375,892.44 1,345,018.24

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 4,645,000.00 AA+ Aa1 04/06/22 04/07/22 4,259,973.05 2.76 7,762.70 4,579,521.07 4,533,636.13

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 6,000,000.00 AA+ Aa1 12/03/21 12/07/21 5,838,281.25 1.15 10,027.17 5,974,652.89 5,856,150.00

US TREASURY N/B
DTD 03/31/2021 0.750% 03/31/2026
91282CBT7 2,480,000.00 AA+ Aa1 09/07/21 09/09/21 2,479,031.25 0.76 4,675.41 2,479,841.06 2,418,823.36

US TREASURY N/B
DTD 03/31/2021 0.750% 03/31/2026
91282CBT7 4,925,000.00 AA+ Aa1 04/29/21 04/30/21 4,896,719.73 0.87 9,284.84 4,920,701.27 4,803,510.10

US TREASURY N/B
DTD 05/15/2023 3.625% 05/15/2026
91282CHB0 11,085,000.00 AA+ Aa1 05/14/25 05/15/25 11,029,141.99 4.14 51,320.84 11,036,205.07 11,043,974.42

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 1,405,000.00 AA+ Aa1 06/23/21 06/25/21 1,396,987.11 0.87 892.52 1,403,513.99 1,363,659.28

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 4,615,000.00 AA+ Aa1 04/06/22 04/07/22 4,253,551.76 2.76 2,931.66 4,535,314.38 4,479,208.24

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 4,800,000.00 AA+ Aa1 06/06/22 06/08/22 4,399,125.00 2.99 3,049.18 4,707,851.17 4,658,764.80

US TREASURY N/B
DTD 08/31/2021 0.750% 08/31/2026
91282CCW9 4,640,000.00 AA+ Aa1 04/06/22 04/07/22 4,258,106.25 2.75 11,631.52 4,538,763.70 4,471,980.96

US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 4,310,000.00 AA+ Aa1 04/05/22 04/07/22 3,968,398.83 2.77 9,479.64 4,214,844.15 4,151,573.02

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
912828U24 4,545,000.00 AA+ Aa1 06/06/22 06/08/22 4,355,920.90 3.01 11,609.51 4,486,444.97 4,431,552.26 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 5 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 9,220,000.00 AA+ Aa1 07/05/22 07/07/22 8,981,576.56 2.85 77,937.02 9,135,900.52 8,994,543.34

US TREASURY N/B
DTD 04/30/2020 0.500% 04/30/2027
912828ZN3 6,480,000.00 AA+ Aa1 08/03/22 08/05/22 5,791,500.00 2.92 5,458.70 6,213,997.69 6,109,428.24

US TREASURY N/B
DTD 06/30/2020 0.500% 06/30/2027
912828ZV5 5,545,000.00 AA+ Aa1 08/09/22 08/10/22 4,920,754.30 2.99 75.34 5,290,055.96 5,203,200.66

US TREASURY N/B
DTD 08/15/2017 2.250% 08/15/2027
9128282R0 1,200,000.00 AA+ Aa1 08/29/22 08/31/22 1,142,625.00 3.30 10,143.65 1,175,433.36 1,163,859.60

US TREASURY N/B
DTD 08/15/2017 2.250% 08/15/2027
9128282R0 2,985,000.00 AA+ Aa1 09/01/22 09/06/22 2,830,036.52 3.40 25,232.32 2,918,427.55 2,895,100.76

US TREASURY N/B
DTD 09/30/2022 4.125% 09/30/2027
91282CFM8 2,370,000.00 AA+ Aa1 11/01/22 11/03/22 2,354,539.45 4.27 24,574.18 2,362,916.79 2,391,292.08

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 2,715,000.00 AA+ Aa1 12/06/22 12/08/22 2,752,755.47 3.81 18,868.51 2,732,990.86 2,739,497.45

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 3,160,000.00 AA+ Aa1 12/13/22 12/14/22 3,229,495.31 3.63 21,961.14 3,193,226.71 3,188,512.68

US TREASURY N/B
DTD 11/02/2020 0.500% 10/31/2027
91282CAU5 8,775,000.00 AA+ Aa1 01/04/23 01/06/23 7,472,803.71 3.91 7,391.98 8,144,260.24 8,148,754.58

US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2027
91282CGC9 4,250,000.00 AA+ Aa1 06/01/23 06/05/23 4,266,933.59 3.78 447.52 4,259,257.70 4,267,765.00

US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
91282CBJ9 1,340,000.00 AA+ Aa1 01/31/23 01/31/23 1,163,182.81 3.66 4,192.13 1,248,589.58 1,243,006.78

US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2028
91282CGH8 2,220,000.00 AA+ Aa1 05/16/23 05/18/23 2,218,265.63 3.52 32,410.77 2,219,047.56 2,208,467.10

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 1,245,000.00 AA+ Aa1 03/03/23 03/07/23 1,231,188.28 4.25 16,645.11 1,237,616.04 1,254,288.95

US TREASURY N/B
DTD 03/31/2021 1.250% 03/31/2028
91282CBS9 2,555,000.00 AA+ Aa1 05/08/23 05/09/23 2,299,400.20 3.49 8,028.01 2,411,475.28 2,392,019.11 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 6 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2028
91282CGT2 2,675,000.00 AA+ Aa1 05/01/23 05/02/23 2,672,178.71 3.65 24,374.66 2,673,421.96 2,669,984.38

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 2,810,000.00 AA+ Aa1 05/01/23 05/01/23 2,796,937.89 3.60 16,569.84 2,802,603.38 2,794,412.93

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 6,530,000.00 AA+ Aa1 05/03/23 05/04/23 6,559,844.14 3.40 38,505.71 6,546,927.50 6,493,778.09

US TREASURY N/B
DTD 04/01/2024 4.125% 03/31/2029
91282CKG5 3,450,000.00 AA+ Aa1 04/09/24 04/11/24 3,411,861.33 4.37 35,772.54 3,420,497.76 3,496,223.10

US TREASURY N/B
DTD 04/30/2024 4.625% 04/30/2029
91282CKP5 4,430,000.00 AA+ Aa1 10/16/24 10/17/24 4,571,725.39 3.85 34,519.09 4,551,224.33 4,567,919.19

US TREASURY N/B
DTD 04/30/2024 4.625% 04/30/2029
91282CKP5 5,190,000.00 AA+ Aa1 05/02/24 05/03/24 5,201,961.33 4.57 40,441.10 5,199,420.74 5,351,580.27

US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 1,430,000.00 AA+ Aa1 06/06/24 06/07/24 1,442,959.38 4.30 5,450.41 1,440,413.79 1,468,821.64

US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 4,190,000.00 AA+ Aa1 06/05/24 06/06/24 4,224,698.44 4.31 15,970.08 4,217,871.55 4,303,750.12

US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
91282CKX8 2,920,000.00 AA+ Aa1 07/01/24 07/02/24 2,896,959.38 4.43 337.23 2,901,169.87 2,973,722.16

US TREASURY N/B
DTD 07/31/2024 4.000% 07/31/2029
91282CLC3 2,105,000.00 AA+ Aa1 08/01/24 08/02/24 2,119,636.33 3.85 35,122.10 2,117,170.97 2,124,405.99

US TREASURY N/B
DTD 09/03/2024 3.625% 08/31/2029
91282CLK5 7,550,000.00 AA+ Aa1 09/04/24 09/05/24 7,565,630.86 3.58 91,477.07 7,563,269.64 7,511,366.65

US TREASURY N/B
DTD 09/30/2024 3.500% 09/30/2029
91282CLN9 8,695,000.00 AA+ Aa1 10/02/24 10/03/24 8,670,205.66 3.56 76,496.99 8,673,651.81 8,605,337.16

US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2029
91282CLR0 4,850,000.00 AA+ Aa1 11/01/24 11/04/24 4,838,064.45 4.18 33,706.18 4,839,514.30 4,918,583.85

US TREASURY N/B
DTD 12/02/2024 4.125% 11/30/2029
91282CMA6 6,315,000.00 AA+ Aa1 12/05/24 12/06/24 6,326,347.27 4.08 22,063.68 6,325,185.57 6,406,516.98 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 7 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 12/31/2024 4.375% 12/31/2029
91282CMD0 12,365,000.00 AA+ Aa1 01/06/25 01/07/25 12,337,468.55 4.43 1,470.02 12,339,886.65 12,669,290.29

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 3,470,000.00 AA+ Aa1 02/04/25 02/05/25 3,457,123.04 4.33 61,515.81 3,458,074.92 3,537,907.90

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 5,215,000.00 AA+ Aa1 06/04/25 06/05/25 5,274,279.88 3.98 92,451.00 5,273,449.82 5,317,057.55

US TREASURY N/B
DTD 02/28/2023 4.000% 02/28/2030
91282CGQ8 8,565,000.00 AA+ Aa1 03/04/25 03/05/25 8,580,724.80 3.96 114,510.33 8,579,823.97 8,646,967.05

US TREASURY N/B
DTD 03/31/2025 4.000% 03/31/2030
91282CMU2 10,775,000.00 AA+ Aa1 04/01/25 04/02/25 10,828,875.00 3.89 108,338.80 10,826,486.40 10,873,074.05

US TREASURY N/B
DTD 05/31/2023 3.750% 05/31/2030
91282CHF1 5,400,000.00 AA+ Aa1 06/04/25 06/05/25 5,339,039.06 4.00 17,151.64 5,339,854.84 5,387,342.40 Security Type Sub-Total 239,720,000.00 234,247,351.76 3.58 1,581,895.42 237,794,999.75 237,783,015.80 Municipal Bond / Note

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 505,000.00 AA Aa2 09/03/20 09/16/20 508,570.35 1.11 3,176.45 505,000.00 505,000.00

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 1,295,000.00 AA Aa2 09/03/20 09/16/20 1,295,000.00 1.26 8,145.55 1,295,000.00 1,295,000.00 Security Type Sub-Total 1,800,000.00 1,803,570.35 1.22 11,322.00 1,800,000.00 1,800,000.00 Federal Agency Commercial Mortgage-Backed Security
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 2,383,107.68 AA+ Aa1 05/19/23 05/24/23 2,309,752.64 4.29 6,646.88 2,353,788.93 2,354,944.11 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 4,000,000.00 AA+ Aa1 08/16/23 08/18/23 3,773,125.00 4.94 10,746.67 3,890,848.11 3,939,100.00 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 2,275,000.00 AA+ Aa1 08/16/23 08/18/23 2,144,987.30 4.93 6,148.19 2,210,924.41 2,238,852.53 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 8 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2LJ3 3,530,000.00 AA+ Aa1 08/17/23 08/22/23 3,301,101.56 4.97 9,169.18 3,411,826.83 3,467,141.29 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 3,430,461.12 AA+ Aa1 09/20/23 09/28/23 3,376,626.89 5.19 13,721.84 3,395,181.77 3,479,376.07 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 1,865,616.73 AA+ Aa1 09/07/23 09/14/23 1,837,716.42 5.01 7,229.26 1,847,587.82 1,888,916.42 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 2,771,061.07 AA+ Aa1 07/19/23 07/27/23 2,770,991.80 4.78 11,031.13 2,771,018.99 2,793,340.40 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 3,500,000.00 AA+ Aa1 07/13/23 07/20/23 3,534,958.00 4.59 14,055.42 3,521,152.05 3,562,664.00 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 3,342,975.36 AA+ Aa1 07/18/23 07/31/23 3,286,301.48 4.58 11,672.56 3,308,099.13 3,343,055.59 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 1,995,269.20 AA+ Aa1 09/19/23 09/28/23 1,995,259.22 5.27 8,765.88 1,995,263.39 2,036,208.14 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 3,800,000.00 AA+ Aa1 09/07/23 09/14/23 3,743,786.60 4.99 14,725.00 3,762,559.37 3,854,674.40 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 3,850,000.00 AA+ Aa1 10/11/23 10/19/23 3,765,546.40 5.25 15,207.50 3,792,641.94 3,915,646.35 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 2,890,000.00 AA+ Aa1 10/25/23 10/31/23 2,797,858.13 5.60 11,680.42 2,825,350.50 2,948,903.98 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 3,800,000.00 AA+ Aa1 09/20/23 09/28/23 3,754,578.60 5.07 15,200.00 3,768,773.86 3,872,010.00 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 1,465,000.00 AA+ Aa1 11/14/23 11/21/23 1,460,764.69 5.14 6,188.40 1,462,030.12 1,504,153.59 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 2,125,000.00 AA+ Aa1 11/28/23 12/07/23 2,118,894.88 4.93 8,606.25 2,120,690.25 2,171,108.25 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 1,935,000.00 AA+ Aa1 12/11/23 12/21/23 1,953,069.03 4.79 8,062.50 1,947,936.33 1,984,189.64 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 9 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
3137HBFY5 2,190,000.00 AA+ Aa1 01/10/24 01/18/24 2,211,875.91 4.50 8,621.30 2,205,957.84 2,228,736.72 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 2,220,000.00 AA+ Aa1 02/01/24 02/08/24 2,242,197.78 4.34 8,458.20 2,236,342.09 2,248,473.72 FHMS K518 A2
DTD 03/01/2024 5.400% 01/01/2029
3137HC2L5 2,715,000.00 AA+ Aa1 03/19/24 03/28/24 2,780,553.68 4.83 12,217.50 2,765,736.61 2,820,730.25 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
3137HC2C5 3,355,000.00 AA+ Aa1 03/05/24 03/14/24 3,455,603.03 4.67 14,971.69 3,431,063.56 3,479,067.90 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
3137HBPD0 3,750,000.00 AA+ Aa1 02/14/24 02/22/24 3,851,025.00 4.79 16,875.00 3,825,593.61 3,893,613.75 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
3137HBPM0 3,750,000.00 AA+ Aa1 02/29/24 03/07/24 3,862,488.75 4.79 17,115.63 3,834,809.93 3,904,541.25 FHMS K520 A2
DTD 04/01/2024 5.180% 03/01/2029
3137HCKV3 2,125,000.00 AA+ Aa1 04/23/24 04/30/24 2,133,625.38 5.09 9,172.92 2,131,871.83 2,195,696.62 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 3,245,000.00 AA+ Aa1 07/16/24 07/25/24 3,264,927.54 4.58 12,763.67 3,261,691.41 3,307,651.22 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 3,850,000.00 AA+ Aa1 06/05/24 06/13/24 3,849,988.45 4.80 15,409.63 3,850,000.00 3,933,494.95 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 3,500,000.00 AA+ Aa1 08/07/24 08/15/24 3,532,739.00 4.33 13,250.42 3,527,448.90 3,545,853.50 FHMS K530 A2
DTD 11/01/2024 4.792% 09/01/2029
3137HHJL6 3,980,000.00 AA+ Aa1 11/19/24 11/27/24 4,000,723.86 4.67 15,893.47 3,998,715.29 4,072,152.92 Security Type Sub-Total 83,638,491.17 83,111,067.02 4.84 323,606.51 83,454,904.87 84,984,297.56 Corporate Note

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 11/13/2020 0.750% 11/13/2025
110122DN5 2,230,000.00 A A2 06/23/21 06/25/21 2,210,888.90 0.95 2,230.00 2,228,401.35 2,200,345.46

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/28/2021 0.750% 01/28/2026
06406RAQ0 3,465,000.00 A Aa3 02/02/21 02/04/21 3,465,831.60 0.75 11,044.69 3,465,095.95 3,393,080.46 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 10 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note

MICROSOFT CORP (CALLABLE)
DTD 08/08/2016 2.400% 08/08/2026
594918BR4 3,000,000.00 AAA Aaa 02/23/22 02/25/22 3,033,150.00 2.14 28,600.00 3,008,209.95 2,948,772.00

BANK OF AMERICA NA (CALLABLE)
DTD 08/18/2023 5.526% 08/18/2026
06428CAA2 3,750,000.00 A+ Aa2 08/15/23 08/18/23 3,749,700.00 5.53 76,558.13 3,749,886.94 3,803,107.50

MASTERCARD INC (CALLABLE)
DTD 11/21/2016 2.950% 11/21/2026
57636QAG9 2,560,000.00 A+ Aa3 12/20/22 12/22/22 2,434,099.20 4.33 8,391.11 2,515,322.64 2,523,351.04

JP MORGAN CHASE BANK NA (CALLABLE)
DTD 12/08/2023 5.110% 12/08/2026
48125LRU8 850,000.00 AA- Aa2 06/03/24 06/04/24 849,226.50 5.15 2,775.01 849,546.92 860,713.40

JP MORGAN CHASE BANK NA (CALLABLE)
DTD 12/08/2023 5.110% 12/08/2026
48125LRU8 3,500,000.00 AA- Aa2 12/05/23 12/08/23 3,500,000.00 5.11 11,426.53 3,500,000.00 3,544,114.00

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 365,000.00 A A2 01/19/22 01/24/22 364,379.50 1.99 3,281.96 364,808.06 353,524.77

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 3,000,000.00 AAA Aaa 12/14/22 12/16/22 2,914,170.00 4.06 39,875.00 2,966,877.68 2,969,181.00

GOLDMAN SACHS BANK USA (CALLABLE)
DTD 05/21/2024 5.414% 05/21/2027
38151LAG5 3,000,000.00 A+ A1 05/21/25 05/22/25 3,018,870.00 5.08 18,046.67 3,016,845.79 3,024,612.00

HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
437076BT8 3,610,000.00 A A2 01/26/23 01/30/23 3,405,674.00 4.16 30,043.22 3,512,625.89 3,516,584.03

JPMORGAN CHASE & CO (CALLABLE)
DTD 02/24/2022 2.947% 02/24/2028
46647PCW4 1,535,000.00 A A1 09/14/23 09/18/23 1,403,557.95 5.13 15,958.41 1,456,513.61 1,499,764.08

KENVUE INC (CALLABLE)
DTD 10/17/2023 5.050% 03/22/2028
49177JAF9 2,300,000.00 A A1 06/27/25 06/30/25 2,354,303.00 4.12 31,941.25 2,354,250.66 2,355,089.60

WALMART INC (CALLABLE)
DTD 04/18/2023 3.900% 04/15/2028
931142FB4 1,220,000.00 AA Aa2 05/16/23 05/18/23 1,217,279.40 3.95 10,044.67 1,218,454.17 1,221,298.08

APPLE INC (CALLABLE)
DTD 05/10/2023 4.000% 05/10/2028
037833ET3 5,200,000.00 AA+ Aaa 05/16/23 05/18/23 5,216,380.00 3.93 29,466.67 5,209,286.96 5,217,695.60

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 495,000.00 A A1 07/13/23 07/14/23 501,732.00 4.64 11,366.44 499,087.82 507,038.40 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 11 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 895,000.00 A A1 07/14/23 07/18/23 903,690.45 4.73 20,551.44 900,288.79 916,766.40

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 1,165,000.00 A A1 07/11/23 07/14/23 1,163,264.15 4.98 26,751.31 1,163,945.95 1,193,332.80

PACCAR FINANCIAL CORP
DTD 08/10/2023 4.950% 08/10/2028
69371RS64 1,130,000.00 A+ A1 08/17/23 08/21/23 1,122,914.90 5.09 21,907.88 1,125,568.35 1,157,691.78

TOYOTA MOTOR CREDIT CORP
DTD 09/11/2023 5.250% 09/11/2028
89236TLB9 2,800,000.00 A+ A1 09/06/23 09/11/23 2,795,128.00 5.29 44,916.67 2,796,748.95 2,888,547.20

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 5,650,000.00 A+ Aa3 09/26/23 09/29/23 5,650,000.00 5.80 83,788.87 5,650,000.00 5,906,865.95

BANK OF AMERICA CORP (CALLABLE)
DTD 01/24/2025 4.979% 01/24/2029
06051GMK2 2,060,000.00 A- A1 04/01/25 04/02/25 2,082,824.80 4.66 44,730.78 2,080,937.15 2,088,537.18

STATE STREET CORP (CALLABLE)
DTD 08/20/2024 4.530% 02/20/2029
857477CN1 1,900,000.00 A Aa3 08/14/24 08/20/24 1,900,000.00 4.53 31,319.92 1,900,000.00 1,914,848.50

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 365,000.00 AA- Aa3 03/05/24 03/14/24 364,339.35 4.74 5,098.85 364,497.40 372,690.19

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 1,295,000.00 A+ A1 04/03/24 04/05/24 1,296,709.40 4.77 15,022.00 1,296,316.91 1,327,772.57

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 1,580,000.00 A+ A1 04/01/24 04/04/24 1,577,645.80 4.83 18,328.00 1,578,179.88 1,619,985.06

BANK OF NEW YORK MELLON (CALLABLE)
DTD 04/22/2025 4.729% 04/20/2029
06405LAH4 2,700,000.00 AA- Aa2 05/06/25 05/07/25 2,727,216.00 4.45 24,472.58 2,725,909.75 2,737,651.50

PEPSICO INC (CALLABLE)
DTD 07/17/2024 4.500% 07/17/2029
713448FX1 1,935,000.00 A+ A1 07/15/24 07/17/24 1,932,000.75 4.53 39,667.50 1,932,530.23 1,964,814.48

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 660,000.00 A+ Aa3 08/12/24 08/14/24 658,554.60 4.25 10,549.00 658,789.83 662,372.70

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 2,290,000.00 A+ Aa3 08/13/24 08/14/24 2,293,343.40 4.17 36,601.83 2,292,807.20 2,298,232.55 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 12 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note

PEPSICO INC (CALLABLE)
DTD 02/07/2025 4.600% 02/07/2030
713448GB8 730,000.00 A+ A1 02/05/25 02/07/25 728,773.60 4.64 13,432.00 728,862.88 743,329.80

WALMART INC (CALLABLE)
DTD 04/28/2025 4.350% 04/28/2030
931142FN8 1,140,000.00 AA Aa2 04/23/25 04/28/25 1,138,027.80 4.39 8,678.25 1,138,090.86 1,152,622.08

WALMART INC (CALLABLE)
DTD 04/28/2025 4.350% 04/28/2030
931142FN8 3,500,000.00 AA Aa2 05/01/25 05/02/25 3,531,465.00 4.15 26,643.75 3,530,508.12 3,538,752.00 Security Type Sub-Total 71,875,000.00 71,505,140.05 4.28 803,510.39 71,779,196.64 72,423,084.16 Certificate of Deposit

COOPERAT RABOBANK UA/NY
DTD 07/20/2023 5.080% 07/17/2026
21684LGS5 3,500,000.00 A+ Aa2 07/17/23 07/20/23 3,500,000.00 5.08 80,997.78 3,500,000.00 3,548,636.00 Security Type Sub-Total 3,500,000.00 3,500,000.00 5.08 80,997.78 3,500,000.00 3,548,636.00 Bank Note

WELLS FARGO BANK NA (CALLABLE)
DTD 08/09/2023 5.450% 08/07/2026
94988J6D4 5,635,000.00 A+ Aa2 08/15/23 08/17/23 5,621,645.05 5.54 122,843.00 5,630,057.42 5,706,389.82

MORGAN STANLEY BANK NA (CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
61690U8B9 1,360,000.00 A+ Aa3 05/28/24 05/30/24 1,360,000.00 5.50 7,277.51 1,360,000.00 1,388,245.84

MORGAN STANLEY BANK NA (CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
61690U8B9 2,640,000.00 A+ Aa3 05/30/24 05/31/24 2,645,570.40 5.45 14,126.93 2,643,395.55 2,694,830.16 Security Type Sub-Total 9,635,000.00 9,627,215.45 5.51 144,247.44 9,633,452.97 9,789,465.82 Asset-Backed Security
CCCIT 2023-A1 A1
DTD 12/11/2023 5.230% 12/08/2027
17305EGW9 835,000.00 AAA Aaa 12/04/23 12/11/23 834,895.29 5.23 2,790.06 834,933.98 837,504.16 KCOT 2023-2A A3
DTD 07/26/2023 5.280% 01/18/2028
500945AC4 890,000.00 NR Aaa 07/18/23 07/26/23 889,775.19 5.29 2,088.53 889,872.11 897,321.14 BAAT 2023-1A A3
DTD 07/31/2023 5.530% 02/15/2028
06428AAC2 1,140,343.68 NR Aaa 07/25/23 07/31/23 1,140,300.46 5.53 2,802.71 1,140,318.71 1,148,037.57 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 13 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 1,927,418.23 AAA NR 08/15/23 08/22/23 1,927,020.80 5.42 3,765.43 1,927,185.33 1,939,749.85 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
89231FAD2 672,098.85 AAA NR 08/08/23 08/15/23 671,946.82 5.17 1,541.35 672,007.92 675,714.07 USAOT 2023-A A3
DTD 09/15/2023 5.580% 05/15/2028
90291VAC4 2,324,111.50 AAA Aaa 09/07/23 09/15/23 2,323,704.78 5.58 5,763.80 2,323,853.02 2,337,177.65 BAAT 2023-2A A3
DTD 11/21/2023 5.740% 06/15/2028
06054YAC1 2,925,000.00 NR Aaa 11/15/23 11/21/23 2,924,947.06 5.74 7,462.00 2,924,968.26 2,953,270.13 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 765,000.00 AAA NR 11/07/23 11/14/23 764,917.53 5.54 1,883.60 764,945.28 773,932.91 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 2,234,114.69 AAA Aaa 08/15/23 08/23/23 2,233,976.18 5.53 5,490.96 2,234,027.81 2,251,496.11 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 3,020,000.00 AAA NR 09/07/23 09/15/23 3,019,162.86 5.17 6,925.87 3,019,439.05 3,054,684.70 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 3,090,000.00 AAA NR 09/12/23 09/19/23 3,089,861.88 5.23 7,182.53 3,089,908.99 3,124,784.13 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 1,130,000.00 AAA NR 11/03/23 11/13/23 1,129,851.41 5.54 2,782.31 1,129,898.22 1,142,254.85 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 1,365,000.00 NR Aaa 12/07/23 12/14/23 1,364,816.68 4.98 3,021.20 1,364,873.13 1,379,328.41 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 365,000.00 NR Aaa 01/09/24 01/17/24 364,926.60 4.85 737.60 364,946.57 366,802.37 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/16/2029
161571HV9 3,390,000.00 AAA NR 01/24/24 01/31/24 3,389,483.70 4.60 6,930.67 3,389,623.99 3,414,519.87 KCOT 2025-1A A3
DTD 02/19/2025 4.670% 06/15/2029
50117FAC5 1,550,000.00 NR Aaa 02/11/25 02/19/25 1,549,946.84 4.67 3,217.11 1,549,955.29 1,570,278.65 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
44935CAD3 2,525,000.00 AAA NR 03/04/25 03/12/25 2,524,627.56 4.32 4,848.00 2,524,654.60 2,534,468.75 PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 14 U.S. Bancorp Asset Management, Inc.
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Managed Account Detail of Securities Held For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
HART 2025-B A3
DTD 06/11/2025 4.360% 12/17/2029
44935XAD7 960,000.00 AAA NR 06/03/25 06/11/25 959,913.31 4.36 2,325.33 959,914.52 966,024.96 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 680,000.00 AAA Aaa 05/06/25 05/14/25 679,899.90 4.28 1,212.67 679,902.95 683,572.72 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 1,830,000.00 AAA NR 06/05/25 06/12/25 1,829,993.05 4.31 4,162.74 1,830,000.00 1,842,116.43 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
17305EHA6 3,990,000.00 AAA Aaa 06/18/25 06/26/25 3,988,917.51 4.31 2,382.92 3,988,920.94 4,012,627.29 Security Type Sub-Total 37,608,086.95 37,602,885.41 5.00 79,317.39 37,604,150.67 37,905,666.72 Managed Account Sub-Total 447,776,578.12 441,397,230.04 4.10 3,024,896.93 445,566,704.90 448,234,166.06 $447,776,578.12 $441,397,230.04 4.10% $3,024,896.93 $445,566,704.90 $448,234,166.06 $451,259,062.99
$3,024,896.93
Total Investments
Accrued Interest
Securities Sub-Total
PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 15 U.S. Bancorp Asset Management, Inc.
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Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CHN4 10,805,000.00 WellsFar 100.03 10,808,014.60 8,923.58 3,509.53 DTD 07/31/2023 4.750% 07/31/2025

0.08 4.34
US TREASURY N/B 91282CFK2 11,115,000.00 Nomura 99.86 11,099,372.31 37,776.41 (4,460.60) DTD 09/15/2022 3.500% 09/15/2025

0.21 4.31
US TREASURY N/B 9128286F2 1,360,000.00 GoldmanS 98.90 1,345,018.24 (134,831.76) (30,874.20) DTD 02/28/2019 2.500% 02/28/2026

0.64 4.10
US TREASURY N/B 91282CBQ3 4,645,000.00 Nomura 97.60 4,533,636.13 273,663.08 (45,884.94) DTD 03/01/2021 0.500% 02/28/2026

0.65 4.12
US TREASURY N/B 91282CBQ3 6,000,000.00 WellsFar 97.60 5,856,150.00 17,868.75 (118,502.89) DTD 03/01/2021 0.500% 02/28/2026

0.65 4.12
US TREASURY N/B 91282CBT7 2,480,000.00 WellsFar 97.53 2,418,823.36 (60,207.89) (61,017.70) DTD 03/31/2021 0.750% 03/31/2026

0.73 4.16
US TREASURY N/B 91282CBT7 4,925,000.00 MorganSt 97.53 4,803,510.10 (93,209.63) (117,191.17) DTD 03/31/2021 0.750% 03/31/2026

0.73 4.16
US TREASURY N/B 91282CHB0 11,085,000.00 MorganSt 99.63 11,043,974.42 14,832.43 7,769.35 DTD 05/15/2023 3.625% 05/15/2026

0.84 4.06
US TREASURY N/B 91282CCF6 1,405,000.00 BOFAML 97.06 1,363,659.28 (33,327.83) (39,854.71) DTD 06/01/2021 0.750% 05/31/2026

0.89 4.18
US TREASURY N/B 91282CCF6 4,615,000.00 Nomura 97.06 4,479,208.24 225,656.48 (56,106.14) DTD 06/01/2021 0.750% 05/31/2026

0.89 4.18
US TREASURY N/B 91282CCF6 4,800,000.00 Citigrou 97.06 4,658,764.80 259,639.80 (49,086.37) DTD 06/01/2021 0.750% 05/31/2026

0.89 4.18
US TREASURY N/B 91282CCW9 4,640,000.00 RBC Capi 96.38 4,471,980.96 213,874.71 (66,782.74) DTD 08/31/2021 0.750% 08/31/2026

1.14 3.95
US TREASURY N/B 91282CCZ2 4,310,000.00 RBC Capi 96.32 4,151,573.02 183,174.19 (63,271.13) DTD 09/30/2021 0.875% 09/30/2026

1.22 3.92
US TREASURY N/B 912828U24 4,545,000.00 RBC Capi 97.50 4,431,552.26 75,631.36 (54,892.71) DTD 11/15/2016 2.000% 11/15/2026

1.33 3.90
US TREASURY N/B 912828V98 9,220,000.00 JPMorgan 97.55 8,994,543.34 12,966.78 (141,357.18) DTD 02/15/2017 2.250% 02/15/2027

1.56 3.83
US TREASURY N/B 912828ZN3 6,480,000.00 Nomura 94.28 6,109,428.24 317,928.24 (104,569.45) DTD 04/30/2020 0.500% 04/30/2027

1.78 3.77
US TREASURY N/B 912828ZV5 5,545,000.00 WellsFar 93.84 5,203,200.66 282,446.36 (86,855.30) DTD 06/30/2020 0.500% 06/30/2027

1.95 3.74
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Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 9128282R0 1,200,000.00 BNPPSA 96.99 1,163,859.60 21,234.60 (11,573.76) DTD 08/15/2017 2.250% 08/15/2027

2.03 3.75
US TREASURY N/B 9128282R0 2,985,000.00 HSBC 96.99 2,895,100.76 65,064.24 (23,326.79) DTD 08/15/2017 2.250% 08/15/2027

2.03 3.75
US TREASURY N/B 91282CFM8 2,370,000.00 BOFAML 100.90 2,391,292.08 36,752.63 28,375.29 DTD 09/30/2022 4.125% 09/30/2027

2.11 3.73
US TREASURY N/B 91282CFU0 2,715,000.00 Nomura 100.90 2,739,497.45 (13,258.02) 6,506.59 DTD 10/31/2022 4.125% 10/31/2027

2.19 3.74
US TREASURY N/B 91282CFU0 3,160,000.00 JPMorgan 100.90 3,188,512.68 (40,982.63) (4,714.03) DTD 10/31/2022 4.125% 10/31/2027

2.19 3.74
US TREASURY N/B 91282CAU5 8,775,000.00 WellsFar 92.86 8,148,754.58 675,950.87 4,494.34 DTD 11/02/2020 0.500% 10/31/2027

2.27 3.74
US TREASURY N/B 91282CGC9 4,250,000.00 Nomura 100.42 4,267,765.00 831.41 8,507.30 DTD 01/03/2023 3.875% 12/31/2027

2.36 3.72
US TREASURY N/B 91282CBJ9 1,340,000.00 HSBC 92.76 1,243,006.78 79,823.97 (5,582.80) DTD 02/01/2021 0.750% 01/31/2028

2.50 3.73
US TREASURY N/B 91282CGH8 2,220,000.00 BNPPSA 99.48 2,208,467.10 (9,798.53) (10,580.46) DTD 01/31/2023 3.500% 01/31/2028

2.41 3.74
US TREASURY N/B 91282CGP0 1,245,000.00 TD Secur 100.75 1,254,288.95 23,100.67 16,672.91 DTD 02/28/2023 4.000% 02/29/2028

2.47 3.73
US TREASURY N/B 91282CBS9 2,555,000.00 BNPPSA 93.62 2,392,019.11 92,618.91 (19,456.17) DTD 03/31/2021 1.250% 03/31/2028

2.65 3.73
US TREASURY N/B 91282CGT2 2,675,000.00 RBS 99.81 2,669,984.38 (2,194.33) (3,437.58) DTD 03/31/2023 3.625% 03/31/2028

2.57 3.72
US TREASURY N/B 91282CHA2 2,810,000.00 Barclays 99.45 2,794,412.93 (2,524.96) (8,190.45) DTD 05/01/2023 3.500% 04/30/2028

2.65 3.73
US TREASURY N/B 91282CHA2 6,530,000.00 GoldmanS 99.45 6,493,778.09 (66,066.05) (53,149.41) DTD 05/01/2023 3.500% 04/30/2028

2.65 3.73
US TREASURY N/B 91282CKG5 3,450,000.00 BMO 101.34 3,496,223.10 84,361.77 75,725.34 DTD 04/01/2024 4.125% 03/31/2029

3.41 3.77
US TREASURY N/B 91282CKP5 4,430,000.00 JPMorgan 103.11 4,567,919.19 (3,806.20) 16,694.86 DTD 04/30/2024 4.625% 04/30/2029

3.47 3.78
US TREASURY N/B 91282CKP5 5,190,000.00 GoldmanS 103.11 5,351,580.27 149,618.94 152,159.53 DTD 04/30/2024 4.625% 04/30/2029

3.47 3.78
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Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CKT7 1,430,000.00 JPMorgan 102.71 1,468,821.64 25,862.26 28,407.85 DTD 05/31/2024 4.500% 05/31/2029

3.56 3.78
US TREASURY N/B 91282CKT7 4,190,000.00 JPMorgan 102.71 4,303,750.12 79,051.68 85,878.57 DTD 05/31/2024 4.500% 05/31/2029

3.56 3.78
US TREASURY N/B 91282CKX8 2,920,000.00 Citigrou 101.84 2,973,722.16 76,762.78 72,552.29 DTD 07/01/2024 4.250% 06/30/2029

3.65 3.78
US TREASURY N/B 91282CLC3 2,105,000.00 Citigrou 100.92 2,124,405.99 4,769.66 7,235.02 DTD 07/31/2024 4.000% 07/31/2029

3.68 3.79
US TREASURY N/B 91282CLK5 7,550,000.00 Citigrou 99.49 7,511,366.65 (54,264.21) (51,902.99) DTD 09/03/2024 3.625% 08/31/2029

3.79 3.79
US TREASURY N/B 91282CLN9 8,695,000.00 TD Secur 98.97 8,605,337.16 (64,868.50) (68,314.65) DTD 09/30/2024 3.500% 09/30/2029

3.88 3.79
US TREASURY N/B 91282CLR0 4,850,000.00 HSBC 101.41 4,918,583.85 80,519.40 79,069.55 DTD 10/31/2024 4.125% 10/31/2029

3.92 3.80
US TREASURY N/B 91282CMA6 6,315,000.00 WellsFar 101.45 6,406,516.98 80,169.71 81,331.41 DTD 12/02/2024 4.125% 11/30/2029

4.00 3.80
US TREASURY N/B 91282CMD0 12,365,000.00 BNP Sec 102.46 12,669,290.29 331,821.74 329,403.64 DTD 12/31/2024 4.375% 12/31/2029

4.06 3.81
US TREASURY N/B 91282CMG3 3,470,000.00 BNP Sec 101.96 3,537,907.90 80,784.86 79,832.98 DTD 01/31/2025 4.250% 01/31/2030

4.07 3.81
US TREASURY N/B 91282CMG3 5,215,000.00 HSBC 101.96 5,317,057.55 42,777.67 43,607.73 DTD 01/31/2025 4.250% 01/31/2030

4.07 3.81
US TREASURY N/B 91282CGQ8 8,565,000.00 Nomura 100.96 8,646,967.05 66,242.25 67,143.08 DTD 02/28/2023 4.000% 02/28/2030

4.17 3.81
US TREASURY N/B 91282CMU2 10,775,000.00 BNP Sec 100.91 10,873,074.05 44,199.05 46,587.65 DTD 03/31/2025 4.000% 03/31/2030

4.25 3.82
US TREASURY N/B 91282CHF1 5,400,000.00 RBS 99.77 5,387,342.40 48,303.34 47,487.56 DTD 05/31/2023 3.750% 05/31/2030

4.44 3.84
Security Type Sub-Total 239,720,000.00 237,783,015.80 3,535,664.04 (11,983.95) 2.42 3.90 Municipal Bond / Note
FLORIDA ST BRD OF ADM 341271AD6 505,000.00 BOFAML 100.00 505,000.00 (3,570.35) 0.00 DTD 09/16/2020 1.258% 07/01/2025

0.01 2.36
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Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Municipal Bond / Note
FLORIDA ST BRD OF ADM 341271AD6 1,295,000.00 BOFAML 100.00 1,295,000.00 0.00 0.00 DTD 09/16/2020 1.258% 07/01/2025

0.01 2.36
Security Type Sub-Total 1,800,000.00 1,800,000.00 (3,570.35) 0.00 0.01 2.36 Federal Agency Commercial Mortgage-Backed Security
FHMS K061 A2 3137BTUM1 2,383,107.68 Citigrou 98.82 2,354,944.11 45,191.47 1,155.18 DTD 01/01/2017 3.347% 11/01/2026

1.26 4.16
FHMS K064 A2 3137BXQY1 4,000,000.00 MorganSt 98.48 3,939,100.00 165,975.00 48,251.89 DTD 05/01/2017 3.224% 03/01/2027

1.51 4.13
FHMS K065 A2 3137F1G44 2,275,000.00 Citigrou 98.41 2,238,852.53 93,865.23 27,928.12 DTD 07/01/2017 3.243% 04/01/2027

1.65 4.07
FHMS K066 A2 3137F2LJ3 3,530,000.00 CantorFi 98.22 3,467,141.29 166,039.73 55,314.46 DTD 08/01/2017 3.117% 06/01/2027

1.74 3.99
FHMS K507 A1 3137HAMR4 3,430,461.12 BOFAML 101.43 3,479,376.07 102,749.18 84,194.30 DTD 09/01/2023 4.800% 04/01/2028

2.27 4.10
FHMS K506 A1 3137HAMG8 1,865,616.73 WellsFar 101.25 1,888,916.42 51,200.00 41,328.60 DTD 09/01/2023 4.650% 05/01/2028

2.40 4.07
FHMS KJ46 A1 3137HAD45 2,771,061.07 JPMorgan 100.80 2,793,340.40 22,348.60 22,321.41 DTD 07/01/2023 4.777% 06/01/2028

1.85 4.23
FHMS K505 A2 3137HACX2 3,500,000.00 JPMorgan 101.79 3,562,664.00 27,706.00 41,511.95 DTD 07/01/2023 4.819% 06/01/2028

2.64 4.10
FNA 2023-M6 A2 3136BQDE6 3,342,975.36 JPMorgan 100.00 3,343,055.59 56,754.11 34,956.46 DTD 07/01/2023 4.190% 07/01/2028

2.78 4.15
FHMS KJ47 A1 3137HAMN3 1,995,269.20 JPMorgan 102.05 2,036,208.14 40,948.92 40,944.75 DTD 09/01/2023 5.272% 08/01/2028

2.15 4.23
FHMS K506 A2 3137HAMH6 3,800,000.00 WellsFar 101.44 3,854,674.40 110,887.80 92,115.03 DTD 09/01/2023 4.650% 08/01/2028

2.79 4.10
FHMS K508 A2 3137HAQ74 3,850,000.00 BMO 101.71 3,915,646.35 150,099.95 123,004.41 DTD 10/01/2023 4.740% 08/01/2028

2.81 4.10
FHMS K509 A2 3137HAST4 2,890,000.00 MorganSt 102.04 2,948,903.98 151,045.85 123,553.48 DTD 10/01/2023 4.850% 09/01/2028

2.89 4.07
FHMS K507 A2 3137HAMS2 3,800,000.00 BOFAML 101.90 3,872,010.00 117,431.40 103,236.14 DTD 09/01/2023 4.800% 09/01/2028

2.85 4.10
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Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Commercial Mortgage-Backed Security
FHMS K510 A2 3137HB3D4 1,465,000.00 JPMorgan 102.67 1,504,153.59 43,388.90 42,123.47 DTD 11/01/2023 5.069% 10/01/2028

2.92 4.13
FHMS K511 A2 3137HB3G7 2,125,000.00 BOFAML 102.17 2,171,108.25 52,213.37 50,418.00 DTD 12/01/2023 4.860% 10/01/2028

2.96 4.10
FHMS K512 A2 3137HBCF9 1,935,000.00 JPMorgan 102.54 1,984,189.64 31,120.61 36,253.31 DTD 12/01/2023 5.000% 11/01/2028

2.97 4.12
FHMS K513 A2 3137HBFY5 2,190,000.00 BMO 101.77 2,228,736.72 16,860.81 22,778.88 DTD 01/01/2024 4.724% 12/01/2028

3.09 4.11
FHMS K514 A2 3137HBLV4 2,220,000.00 JPMorgan 101.28 2,248,473.72 6,275.94 12,131.63 DTD 02/01/2024 4.572% 12/01/2028

3.05 4.12
FHMS K518 A2 3137HC2L5 2,715,000.00 JPMorgan 103.89 2,820,730.25 40,176.57 54,993.64 DTD 03/01/2024 5.400% 01/01/2029

3.17 4.16
FHMS K517 A2 3137HC2C5 3,355,000.00 BOFAML 103.70 3,479,067.90 23,464.87 48,004.34 DTD 03/01/2024 5.355% 01/01/2029

3.19 4.11
FHMS K515 A2 3137HBPD0 3,750,000.00 WellsFar 103.83 3,893,613.75 42,588.75 68,020.14 DTD 02/01/2024 5.400% 01/01/2029

3.09 4.15
FHMS K516 A2 3137HBPM0 3,750,000.00 MorganSt 104.12 3,904,541.25 42,052.50 69,731.32 DTD 03/01/2024 5.477% 01/01/2029

3.13 4.15
FHMS K520 A2 3137HCKV3 2,125,000.00 BOFAML 103.33 2,195,696.62 62,071.24 63,824.79 DTD 04/01/2024 5.180% 03/01/2029

3.30 4.16
FHMS K524 A2 3137HDV56 3,245,000.00 PIER 101.93 3,307,651.22 42,723.68 45,959.81 DTD 07/01/2024 4.720% 05/01/2029

3.47 4.15
FHMS K522 A2 3137HDJJ0 3,850,000.00 MorganSt 102.17 3,933,494.95 83,506.50 83,494.95 DTD 06/01/2024 4.803% 05/01/2029

3.37 4.15
FHMS K526 A2 3137HDXL9 3,500,000.00 BMO 101.31 3,545,853.50 13,114.50 18,404.60 DTD 08/01/2024 4.543% 07/01/2029

3.62 4.16
FHMS K530 A2 3137HHJL6 3,980,000.00 JPMorgan 102.32 4,072,152.92 71,429.06 73,437.63 DTD 11/01/2024 4.792% 09/01/2029

3.75 4.17
Security Type Sub-Total 83,638,491.17 84,984,297.56 1,873,230.54 1,529,392.69 2.77 4.13 Corporate Note
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122DN5 2,230,000.00 BOFAML 10/13/25 98.67 2,200,345.46 (10,543.44) (28,055.89) DTD 11/13/2020 0.750% 11/13/2025

0.36 4.46
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Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
BANK OF NY MELLON CORP (CALLABLE) 06406RAQ0 3,465,000.00 US_BANC 12/28/25 97.92 3,393,080.46 (72,751.14) (72,015.49) DTD 01/28/2021 0.750% 01/28/2026

0.56 4.32
MICROSOFT CORP (CALLABLE) 594918BR4 3,000,000.00 TD Secur 05/08/26 98.29 2,948,772.00 (84,378.00) (59,437.95) DTD 08/08/2016 2.400% 08/08/2026

1.04 4.05
BANK OF AMERICA NA (CALLABLE) 06428CAA2 3,750,000.00 BOFAML 07/17/26 101.42 3,803,107.50 53,407.50 53,220.56 DTD 08/18/2023 5.526% 08/18/2026

0.99 4.28
MASTERCARD INC (CALLABLE) 57636QAG9 2,560,000.00 CSFirstB 08/21/26 98.57 2,523,351.04 89,251.84 8,028.40 DTD 11/21/2016 2.950% 11/21/2026

1.27 4.04
JP MORGAN CHASE BANK NA (CALLABLE) 48125LRU8 850,000.00 Citigrou 11/08/26 101.26 860,713.40 11,486.90 11,166.48 DTD 12/08/2023 5.110% 12/08/2026

1.31 4.25
JP MORGAN CHASE BANK NA (CALLABLE) 48125LRU8 3,500,000.00 JPMorgan 11/08/26 101.26 3,544,114.00 44,114.00 44,114.00 DTD 12/08/2023 5.110% 12/08/2026

1.31 4.25
TARGET CORP (CALLABLE) 87612EBM7 365,000.00 Citigrou 12/15/26 96.86 353,524.77 (10,854.73) (11,283.29) DTD 01/24/2022 1.950% 01/15/2027

1.47 4.10
MICROSOFT CORP (CALLABLE) 594918BY9 3,000,000.00 GoldmanS 11/06/26 98.97 2,969,181.00 55,011.00 2,303.32 DTD 02/06/2017 3.300% 02/06/2027

1.42 4.00
GOLDMAN SACHS BANK USA (CALLABLE) 38151LAG5 3,000,000.00 GoldmanS 05/21/26 100.82 3,024,612.00 5,742.00 7,766.21 DTD 05/21/2024 5.414% 05/21/2027

0.86 4.86
HOME DEPOT INC (CALLABLE) 437076BT8 3,610,000.00 TD Secur 06/14/27 97.41 3,516,584.03 110,910.03 3,958.14 DTD 09/14/2017 2.800% 09/14/2027

2.04 4.06
JPMORGAN CHASE & CO (CALLABLE) 46647PCW4 1,535,000.00 BOFAML 02/24/27 97.70 1,499,764.08 96,206.13 43,250.47 DTD 02/24/2022 2.947% 02/24/2028

1.57 4.84
KENVUE INC (CALLABLE) 49177JAF9 2,300,000.00 JPMorgan 02/22/28 102.40 2,355,089.60 786.60 838.94 DTD 10/17/2023 5.050% 03/22/2028

2.45 4.16
WALMART INC (CALLABLE) 931142FB4 1,220,000.00 Barclays 03/15/28 100.11 1,221,298.08 4,018.68 2,843.91 DTD 04/18/2023 3.900% 04/15/2028

2.56 3.89
APPLE INC (CALLABLE) 037833ET3 5,200,000.00 HSBC 04/10/28 100.34 5,217,695.60 1,315.60 8,408.64 DTD 05/10/2023 4.000% 05/10/2028

2.62 3.90
JOHN DEERE CAPITAL CORP 24422EXB0 495,000.00 SBSC 102.43 507,038.40 5,306.40 7,950.58 DTD 07/14/2023 4.950% 07/14/2028

2.74 4.13
JOHN DEERE CAPITAL CORP 24422EXB0 895,000.00 TD Secur 102.43 916,766.40 13,075.95 16,477.61 DTD 07/14/2023 4.950% 07/14/2028

2.74 4.13
JOHN DEERE CAPITAL CORP 24422EXB0 1,165,000.00 Citigrou 102.43 1,193,332.80 30,068.65 29,386.85 DTD 07/14/2023 4.950% 07/14/2028

2.74 4.13
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Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
PACCAR FINANCIAL CORP 69371RS64 1,130,000.00 TD Secur 102.45 1,157,691.78 34,776.88 32,123.43 DTD 08/10/2023 4.950% 08/10/2028

2.81 4.15
TOYOTA MOTOR CREDIT CORP 89236TLB9 2,800,000.00 BOFAML 103.16 2,888,547.20 93,419.20 91,798.25 DTD 09/11/2023 5.250% 09/11/2028

2.88 4.21
CITIBANK NA (CALLABLE) 17325FBB3 5,650,000.00 Citigrou 08/29/28 104.55 5,906,865.95 256,865.95 256,865.95 DTD 09/29/2023 5.803% 09/29/2028

2.86 4.32
BANK OF AMERICA CORP (CALLABLE) 06051GMK2 2,060,000.00 Citigrou 01/24/28 101.39 2,088,537.18 5,712.38 7,600.03 DTD 01/24/2025 4.979% 01/24/2029

2.34 4.64
STATE STREET CORP (CALLABLE) 857477CN1 1,900,000.00 HSBC 02/20/28 100.78 1,914,848.50 14,848.50 14,848.50 DTD 08/20/2024 4.530% 02/20/2029

2.42 4.56
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 365,000.00 Citigrou 02/14/29 102.11 372,690.19 8,350.84 8,192.79 DTD 03/14/2024 4.700% 03/14/2029

3.29 4.12
ADOBE INC (CALLABLE) 00724PAF6 1,295,000.00 TD Secur 03/04/29 102.53 1,327,772.57 31,063.17 31,455.66 DTD 04/04/2024 4.800% 04/04/2029

3.34 4.10
ADOBE INC (CALLABLE) 00724PAF6 1,580,000.00 BOFAML 03/04/29 102.53 1,619,985.06 42,339.26 41,805.18 DTD 04/04/2024 4.800% 04/04/2029

3.34 4.10
BANK OF NEW YORK MELLON (CALLABLE) 06405LAH4 2,700,000.00 JPMorgan 04/20/28 101.39 2,737,651.50 10,435.50 11,741.75 DTD 04/22/2025 4.729% 04/20/2029

2.58 4.56
PEPSICO INC (CALLABLE) 713448FX1 1,935,000.00 Citigrou 06/17/29 101.54 1,964,814.48 32,813.73 32,284.25 DTD 07/17/2024 4.500% 07/17/2029

3.56 4.15
ELI LILLY & CO (CALLABLE) 532457CQ9 660,000.00 MorganSt 07/14/29 100.36 662,372.70 3,818.10 3,582.87 DTD 08/14/2024 4.200% 08/14/2029

3.66 4.16
ELI LILLY & CO (CALLABLE) 532457CQ9 2,290,000.00 JPMorgan 07/14/29 100.36 2,298,232.55 4,889.15 5,425.35 DTD 08/14/2024 4.200% 08/14/2029

3.66 4.16
PEPSICO INC (CALLABLE) 713448GB8 730,000.00 MorganSt 01/07/30 101.83 743,329.80 14,556.20 14,466.92 DTD 02/07/2025 4.600% 02/07/2030

4.02 4.20
WALMART INC (CALLABLE) 931142FN8 1,140,000.00 BOFAML 03/28/30 101.11 1,152,622.08 14,594.28 14,531.22 DTD 04/28/2025 4.350% 04/28/2030

4.26 4.13
WALMART INC (CALLABLE) 931142FN8 3,500,000.00 KEYB 03/28/30 101.11 3,538,752.00 7,287.00 8,243.88 DTD 04/28/2025 4.350% 04/28/2030

4.26 4.13
Security Type Sub-Total 71,875,000.00 72,423,084.16 917,944.11 643,887.52 2.24 4.24 Certificate of Deposit
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Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Certificate of Deposit
COOPERAT RABOBANK UA/NY 21684LGS5 3,500,000.00 RABO UA 101.39 3,548,636.00 48,636.00 48,636.00 DTD 07/20/2023 5.080% 07/17/2026

0.99 3.82
Security Type Sub-Total 3,500,000.00 3,548,636.00 48,636.00 48,636.00 0.99 3.82 Bank Note
WELLS FARGO BANK NA (CALLABLE) 94988J6D4 5,635,000.00 WellsFar 07/07/26 101.27 5,706,389.82 84,744.77 76,332.40 DTD 08/09/2023 5.450% 08/07/2026

0.97 4.29
MORGAN STANLEY BANK NA (CALLABLE) 61690U8B9 1,360,000.00 MorganSt 05/26/27 102.08 1,388,245.84 28,245.84 28,245.84 DTD 05/30/2024 5.504% 05/26/2028

1.79 4.68
MORGAN STANLEY BANK NA (CALLABLE) 61690U8B9 2,640,000.00 MorganSt 05/26/27 102.08 2,694,830.16 49,259.76 51,434.61 DTD 05/30/2024 5.504% 05/26/2028

1.79 4.68
Security Type Sub-Total 9,635,000.00 9,789,465.82 162,250.37 156,012.85 1.31 4.45 Asset-Backed Security
CCCIT 2023-A1 A1 17305EGW9 835,000.00 Citigrou 100.30 837,504.16 2,608.87 2,570.18 DTD 12/11/2023 5.230% 12/08/2027

0.43 4.51
KCOT 2023-2A A3 500945AC4 890,000.00 JPMorgan 100.82 897,321.14 7,545.95 7,449.03 DTD 07/26/2023 5.280% 01/18/2028

0.87 4.40
BAAT 2023-1A A3 06428AAC2 1,140,343.68 BOFAML 100.67 1,148,037.57 7,737.11 7,718.86 DTD 07/31/2023 5.530% 02/15/2028

0.68 4.60
HAROT 2023-3 A3 43815QAC1 1,927,418.23 BOFAML 100.64 1,939,749.85 12,729.05 12,564.52 DTD 08/22/2023 5.410% 02/18/2028

0.69 4.53
TAOT 2023-C A3 89231FAD2 672,098.85 BNPPSA 100.54 675,714.07 3,767.25 3,706.15 DTD 08/15/2023 5.160% 04/17/2028

0.74 4.48
USAOT 2023-A A3 90291VAC4 2,324,111.50 JPMorgan 100.56 2,337,177.65 13,472.87 13,324.63 DTD 09/15/2023 5.580% 05/15/2028

0.60 4.70
BAAT 2023-2A A3 06054YAC1 2,925,000.00 BOFAML 100.97 2,953,270.13 28,323.07 28,301.87 DTD 11/21/2023 5.740% 06/15/2028

0.75 4.51
TAOT 2023-D A3 89239FAD4 765,000.00 JPMorgan 101.17 773,932.91 9,015.38 8,987.63 DTD 11/14/2023 5.540% 08/15/2028

0.96 4.33
FITAT 2023-1 A3 31680EAD3 2,234,114.69 JPMorgan 100.78 2,251,496.11 17,519.93 17,468.30 DTD 08/23/2023 5.530% 08/15/2028

0.77 4.58
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Managed Account Fair Market Value & Analytics For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
CHAIT 2023-A1 A 161571HT4 3,020,000.00 JPMorgan 101.15 3,054,684.70 35,521.84 35,245.65 DTD 09/15/2023 5.160% 09/15/2028

1.15 4.23
AMXCA 2023-3 A 02582JKD1 3,090,000.00 Citigrou 101.13 3,124,784.13 34,922.25 34,875.14 DTD 09/19/2023 5.230% 09/15/2028

1.15 4.32
HART 2023-C A3 44918CAD4 1,130,000.00 BNPPSA 101.08 1,142,254.85 12,403.44 12,356.63 DTD 11/13/2023 5.540% 10/16/2028

0.89 4.34
BACCT 2023-A2 A2 05522RDH8 1,365,000.00 BOFAML 101.05 1,379,328.41 14,511.73 14,455.28 DTD 12/14/2023 4.980% 11/15/2028

1.30 4.25
GMCAR 2024-1 A3 36268GAD7 365,000.00 Barclays 100.49 366,802.37 1,875.77 1,855.80 DTD 01/17/2024 4.850% 12/18/2028

0.89 4.35
CHAIT 2024-A1 A 161571HV9 3,390,000.00 JPMorgan 100.72 3,414,519.87 25,036.17 24,895.88 DTD 01/31/2024 4.600% 01/16/2029

1.46 4.16
KCOT 2025-1A A3 50117FAC5 1,550,000.00 JPMorgan 101.31 1,570,278.65 20,331.81 20,323.36 DTD 02/19/2025 4.670% 06/15/2029

2.36 4.19
HART 2025-A A3 44935CAD3 2,525,000.00 Barclays 100.38 2,534,468.75 9,841.19 9,814.15 DTD 03/12/2025 4.320% 10/15/2029

1.90 4.20
HART 2025-B A3 44935XAD7 960,000.00 JPMorgan 100.63 966,024.96 6,111.65 6,110.44 DTD 06/11/2025 4.360% 12/17/2029

2.08 4.12
GMCAR 2025-2 A3 362549AD9 680,000.00 TD Secur 100.53 683,572.72 3,672.82 3,669.77 DTD 05/14/2025 4.280% 04/16/2030

2.14 4.09
BACCT 2025-A1 A 05522RDK1 1,830,000.00 BOFAML 100.66 1,842,116.43 12,123.38 12,116.43 DTD 06/12/2025 4.310% 05/15/2030

2.65 4.12
CCCIT 2025-A1 A 17305EHA6 3,990,000.00 Citigrou 100.57 4,012,627.29 23,709.78 23,706.35 DTD 06/26/2025 4.300% 06/21/2030

2.77 4.12
Security Type Sub-Total 37,608,086.95 37,905,666.72 302,781.31 301,516.05 1.40 4.33 Managed Account Sub-Total 447,776,578.12 448,234,166.06 6,836,936.02 2,667,461.16 2.33 4.04 Total Investments $451,259,062.99
$3,024,896.93
$448,234,166.06
Accrued Interest
Securities Sub-Total $447,776,578.12 $6,836,936.02 $2,667,461.16 2.33 4.04% PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 24 U.S. Bancorp Asset Management, Inc.
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Managed Account Security Transactions & Interest For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
06/11/25 HART 2025-B A3
DTD 06/11/2025 4.360% 12/17/2029
06/03/25 44935XAD7 960,000.00 (959,913.31) 0.00 (959,913.31) 06/05/25 US TREASURY N/B
DTD 05/31/2023 3.750% 05/31/2030
06/04/25 91282CHF1 5,400,000.00 (5,339,039.06) (2,766.39) (5,341,805.45) 06/05/25 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
06/04/25 91282CMG3 5,215,000.00 (5,274,279.88) (76,532.29) (5,350,812.17) 06/12/25 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
06/05/25 05522RDK1 1,830,000.00 (1,829,993.05) 0.00 (1,829,993.05) 06/26/25 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
06/18/25 17305EHA6 3,990,000.00 (3,988,917.51) 0.00 (3,988,917.51) 06/30/25 KENVUE INC (CALLABLE)
DTD 10/17/2023 5.050% 03/22/2028
06/27/25 49177JAF9 2,300,000.00 (2,354,303.00) (31,618.61) (2,385,921.61) Transaction Type Sub-Total 19,695,000.00 (19,746,445.81) (110,917.29) (19,857,363.10)

INTEREST
06/25/25 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
06/01/25 3137HBPD0 0.00 16,875.00 16,875.00
06/25/25 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
06/01/25 3137HBLV4 0.00 8,458.20 8,458.20
06/25/25 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
06/01/25 3137HAQ74 0.00 15,207.50 15,207.50
06/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
06/01/25 3137HDJJ0 0.00 15,409.63 15,409.63
06/25/25 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
06/01/25 3137HC2C5 0.00 14,971.69 14,971.69
06/25/25 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
06/01/25 3137HAMG8 0.00 7,237.34 7,237.34
06/25/25 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
06/01/25 3137BXQY1 0.00 10,746.67 10,746.67
06/25/25 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
06/01/25 3137HACX2 0.00 14,055.42 14,055.42
06/25/25 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
06/01/25 3137HAST4 0.00 11,680.42 11,680.42
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Managed Account Security Transactions & Interest For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method

INTEREST
06/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
06/01/25 3137HAD45 0.00 11,040.61 11,040.61
06/25/25 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
06/01/25 3137HAMH6 0.00 14,725.00 14,725.00
06/25/25 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
06/01/25 3137HBCF9 0.00 8,062.50 8,062.50
06/25/25 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
06/01/25 3137HBFY5 0.00 8,621.30 8,621.30
06/25/25 FHMS K520 A2
DTD 04/01/2024 5.180% 03/01/2029
06/01/25 3137HCKV3 0.00 9,172.92 9,172.92
06/25/25 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
06/01/25 3137HB3G7 0.00 8,606.25 8,606.25
06/25/25 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
06/01/25 3137HAMS2 0.00 15,200.00 15,200.00
06/25/25 FHMS K518 A2
DTD 03/01/2024 5.400% 01/01/2029
06/01/25 3137HC2L5 0.00 12,217.50 12,217.50
06/25/25 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
06/01/25 3137HBPM0 0.00 17,115.63 17,115.63
06/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
06/01/25 3136BQDE6 0.00 11,673.27 11,673.27
06/25/25 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
06/01/25 3137HDV56 0.00 12,763.67 12,763.67
06/25/25 FHMS K530 A2
DTD 11/01/2024 4.792% 09/01/2029
06/01/25 3137HHJL6 0.00 15,893.47 15,893.47
06/25/25 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
06/01/25 3137HDXL9 0.00 13,250.42 13,250.42
06/25/25 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
06/01/25 3137HB3D4 0.00 6,188.40 6,188.40
06/25/25 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
06/01/25 3137F1G44 0.00 6,148.19 6,148.19
06/25/25 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
06/01/25 3137F2LJ3 0.00 9,169.18 9,169.18
06/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
06/01/25 3137BTUM1 0.00 6,660.46 6,660.46
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Managed Account Security Transactions & Interest For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method

INTEREST
06/25/25 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
06/01/25 3137HAMN3 0.00 8,786.03 8,786.03
06/25/25 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
06/01/25 3137HAMR4 0.00 13,789.80 13,789.80
06/02/25 MONEY MARKET FUND
DTD 01/01/2010 0.000% --
06/02/25 MONEY0002 0.00 1,932.83 1,932.83
06/08/25 CCCIT 2023-A1 A1
DTD 12/11/2023 5.230% 12/08/2027
06/08/25 17305EGW9 0.00 21,835.25 21,835.25
06/08/25 JP MORGAN CHASE BANK NA
(CALLABLE)
DTD 12/08/2023 5.110% 12/08/2026
06/08/25 48125LRU8 0.00 111,142.50 111,142.50
06/15/25 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
06/15/25 05522RDH8 0.00 5,664.75 5,664.75
06/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
06/15/25 31680EAD3 0.00 10,965.46 10,965.46
06/15/25 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/16/2029
06/15/25 161571HV9 0.00 12,995.00 12,995.00
06/15/25 KCOT 2023-2A A3
DTD 07/26/2023 5.280% 01/18/2028
06/15/25 500945AC4 0.00 3,916.00 3,916.00
06/15/25 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
06/15/25 44918CAD4 0.00 5,216.83 5,216.83
06/15/25 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
06/15/25 89231FAD2 0.00 2,967.00 2,967.00
06/15/25 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
06/15/25 02582JKD1 0.00 13,467.25 13,467.25
06/15/25 BAAT 2023-1A A3
DTD 07/31/2023 5.530% 02/15/2028
06/15/25 06428AAC2 0.00 5,654.15 5,654.15
06/15/25 KCOT 2025-1A A3
DTD 02/19/2025 4.670% 06/15/2029
06/15/25 50117FAC5 0.00 6,032.08 6,032.08
06/15/25 USAOT 2023-A A3
DTD 09/15/2023 5.580% 05/15/2028
06/15/25 90291VAC4 0.00 11,719.32 11,719.32
06/15/25 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
06/15/25 44935CAD3 0.00 9,090.00 9,090.00
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Managed Account Security Transactions & Interest For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method

INTEREST
06/15/25 BAAT 2023-2A A3
DTD 11/21/2023 5.740% 06/15/2028
06/15/25 06054YAC1 0.00 13,991.25 13,991.25
06/15/25 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
06/15/25 89239FAD4 0.00 3,531.75 3,531.75
06/15/25 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
06/15/25 161571HT4 0.00 12,986.00 12,986.00
06/16/25 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
06/16/25 362549AD9 0.00 2,587.02 2,587.02
06/16/25 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
06/16/25 36268GAD7 0.00 1,475.21 1,475.21
06/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
06/18/25 43815QAC1 0.00 9,333.57 9,333.57
06/30/25 US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2027
06/30/25 91282CGC9 0.00 82,343.75 82,343.75
06/30/25 US TREASURY N/B
DTD 12/31/2024 4.375% 12/31/2029
06/30/25 91282CMD0 0.00 270,484.38 270,484.38
06/30/25 US TREASURY N/B
DTD 06/30/2020 0.500% 06/30/2027
06/30/25 912828ZV5 0.00 13,862.50 13,862.50
06/30/25 US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
06/30/25 91282CKX8 0.00 62,050.00 62,050.00
Transaction Type Sub-Total 0.00 1,018,970.32 1,018,970.32

MATURITY
06/03/25 TREASURY BILL
DTD 02/04/2025 0.000% 06/03/2025
06/03/25 912797PL5 900,000.00 900,000.00 0.00 900,000.00 2,005.45 0.00 Transaction Type Sub-Total 900,000.00 900,000.00 0.00 900,000.00 2,005.45 0.00

PAYDOWNS
06/25/25 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
06/01/25 3137HAMR4 16,988.71 16,988.71 0.00 16,988.71 266.60 179.47 06/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
06/01/25 3136BQDE6 205.37 205.37 0.00 205.37 3.48 2.20
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Managed Account Security Transactions & Interest For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method

PAYDOWNS
06/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
06/01/25 3137BTUM1 4,865.61 4,865.61 0.00 4,865.61 149.77 63.43 06/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
06/01/25 3137HAD45 2,380.79 2,380.79 0.00 2,380.79 0.06 0.04 06/25/25 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
06/01/25 3137HAMG8 2,082.96 2,082.96 0.00 2,082.96 31.15 20.66 06/25/25 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
06/01/25 3137HAMN3 4,586.66 4,586.66 0.00 4,586.66 0.03 0.02 06/15/25 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
06/15/25 89231FAD2 17,901.15 17,901.15 0.00 17,901.15 4.05 2.46 06/15/25 USAOT 2023-A A3
DTD 09/15/2023 5.580% 05/15/2028
06/15/25 90291VAC4 196,173.42 196,173.42 0.00 196,173.42 34.33 22.13 06/15/25 BAAT 2023-1A A3
DTD 07/31/2023 5.530% 02/15/2028
06/15/25 06428AAC2 86,596.06 86,596.06 0.00 86,596.06 3.28 1.93 06/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
06/15/25 31680EAD3 145,370.61 145,370.61 0.00 145,370.61 9.02 5.74 06/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
06/18/25 43815QAC1 142,875.57 142,875.57 0.00 142,875.57 29.46 17.50 Transaction Type Sub-Total 620,026.91 620,026.91 0.00 620,026.91 531.23 315.58 SELL
06/05/25 US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
06/04/25 91282CBH3 7,980,000.00 7,780,811.72 10,333.22 7,791,144.94 523,999.22 (72,313.28) FIFO 06/05/25 US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
06/04/25 91282CBH3 595,000.00 580,148.24 770.46 580,918.70 18,524.02 (9,300.69) FIFO 06/09/25 US TREASURY N/B
DTD 03/31/2022 2.500% 03/31/2027
06/04/25 91282CEF4 910,000.00 887,889.84 4,351.09 892,240.93 32,916.40 846.56 FIFO 06/10/25 US TREASURY N/B
DTD 02/28/2019 2.500% 02/28/2026
06/05/25 9128286F2 1,850,000.00 1,827,814.45 12,819.29 1,840,633.74 (185,216.80) (45,679.92) FIFO 06/12/25 NJ TPK AUTH -B-TXBL
DTD 02/04/2021 1.047% 01/01/2026
06/12/25 646140DP5 505,000.00 497,409.85 2,364.62 499,774.47 (7,590.15) (7,590.15) FIFO 06/23/25 US TREASURY N/B
DTD 09/30/2022 4.125% 09/30/2027
06/20/25 91282CFM8 3,010,000.00 3,023,874.22 28,496.31 3,052,370.53 33,509.76 22,957.85 FIFO PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 29 U.S. Bancorp Asset Management, Inc.
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Managed Account Security Transactions & Interest For the Month Ending June 30, 2025 CITY OF MODESTO - Combined Portfolio
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
06/30/25 US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
06/27/25 91282CBJ9 2,110,000.00 1,955,953.52 6,557.32 1,962,510.84 124,374.61 (9,956.70) FIFO Transaction Type Sub-Total 16,960,000.00 16,553,901.84 65,692.31 16,619,594.15 540,517.06 (121,036.33) Managed Account Sub-Total (1,672,517.06) 973,745.34 (698,771.72) 543,053.74 (120,720.75) Total Security Transactions ($1,672,517.06) $973,745.34 ($698,771.72) $543,053.74 ($120,720.75) PFM Asset Management, a division of CITY OF MODESTO - COMBINED PORTFOLIO Page 30 U.S. Bancorp Asset Management, Inc.
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Attachment 3
City of Modesto Combined Yields
Month
Ending
Combined
Yield
CAMP
Balance
CAMP Monthly
Distribution Yields
Long Term
Amortized Cost
Balance
Long Term Portfolio
Yield
Short Term
Amortized Cost
Balance
Short Term
Portfolio Yield
5/31/2023 2.71% 47,763,982.55 5.16% 360,186,419.97 2.10% 41,114,697.00 5.21% 6/30/2023 2.75% 47,969,832.62 5.24% 360,251,679.25 2.14% 41,289,235.20 5.21% 7/31/2023 2.94% 48,186,346.94 5.31% 360,659,807.46 2.35% 41,419,189.81 5.28% 8/31/2023 3.14% 48,412,208.12 5.52% 392,278,686.76 2.60% 41,598,139.19 5.44% 9/30/2023 3.36% 48,632,969.13 5.55% 392,056,693.34 2.85% 41,767,569.64 5.55% 10/31/2023 3.40% 48,862,493.00 5.56% 393,319,562.86 2.89% 41,829,190.02 5.63% 11/30/2023 3.46% 49,086,612.73 5.58% 396,095,890.19 2.97% 41,987,235.92 5.60% 12/31/2023 3.51% 49,318,080.86 5.55% 393,872,751.60 3.03% 42,137,084.04 5.60% 1/31/2024 3.54% 49,549,288.20 5.54% 395,563,681.33 3.07% 42,286,932.15 5.60% 2/29/2024 3.57% 49,765,331.51 5.50% 400,022,027.47 3.13% 42,269,831.92 5.45% 3/31/2024 3.59% 49,996,308.29 5.48% 397,576,602.33 3.16% 42,372,823.25 5.35% 4/30/2024 3.61% 50,219,345.80 5.44% 398,650,446.11 3.19% 42,473,217.00 5.35% 5/31/2024 3.68% 50,450,429.25 5.43% 399,100,250.21 3.29% 42,706,970.79 5.27% 6/30/2024 3.76% 50,674,988.39 5.43% 399,326,031.56 3.39% 42,808,365.69 5.27% 7/31/2024 3.79% 50,908,210.76 5.43% 400,074,642.53 3.44% 43,066,591.51 5.14% 8/31/2024 3.65% 36,112,852.04 5.41% 400,899,946.42 3.34% 43,149,544.75 5.10% 9/30/2024 3.73% 21,244,197.28 5.29% 401,135,133.05 3.54% 43,205,826.11 4.78% 10/31/2024 3.80% 35,394,422.01 5.03% 403,285,397.15 3.62% 32,709,563.98 4.65% 11/30/2024 3.83% 36,072,860.08 4.87% 404,702,479.08 3.67% 32,740,820.12 4.65% 12/31/2024 3.84% 28,695,113.02 4.73% 405,389,405.62 3.71% 32,773,649.87 4.65% 1/31/2025 3.92% 28,806,032.00 4.55% 405,929,868.49 3.82% 32,806,480.28 4.65% 2/28/2025 3.96% 28,905,743.58 4.51% 407,804,449.58 3.87% 32,836,151.16 4.65% 3/31/2025 4.09% 44,039,271.43 4.47% 408,339,752.77 4.00% 32,869,009.39 4.65% 4/30/2025 4.09% 44,200,320.85 4.45% 409,488,391.09 4.01% 32,900,814.33 4.65% 5/31/2025 4.12% 79,438,306.43 4.42% 410,441,768.77 4.04% 32,935,133.33 4.31% 6/30/2025 4.09% 79,725,922.37 4.40% 412,622,161.85 4.02% 32,944,543.05 4.24% Notes:

1. Long and Short Term Portfolio AC Balance is the amortized cost value of the separately managed portfolios.

2. Long and Short Term Portfolio Yields are the separately managed portfolios yield at costs. #8..

Attachment 4
City of Modesto - Portfolio Holdings and Earnings Projections Issuer Par Maturity Date Current Yield
Years to
Maturity
Expected
Earnings
Rate to June
30, 2026
Expected
Earnings to
June 30,
2026
Main Portfolio
Federal Agency CMBS
FHLMC 2,383,108 11/1/2026 4.160% 1 136,993 4.29% 102,254 FHLMC 4,000,000 3/1/2027 4.130% 2 329,587 4.94% 197,536 FHLMC 2,275,000 4/1/2027 4.070% 2 196,851 4.93% 112,267 FHLMC 3,530,000 6/1/2027 3.990% 2 336,753 4.97% 175,342 FHLMC 3,430,461 4/1/2028 4.100% 3 490,814 5.19% 178,079 FHLMC 1,865,617 5/1/2028 4.070% 3 265,119 5.01% 93,406
FHLMC 3,500,000 6/1/2028 4.100% 3 469,913 4.59% 160,748 FHLMC 2,771,061 6/1/2028 4.230% 3 387,007 4.78% 132,387 FNMA 3,342,975 7/1/2028 4.150% 3 459,732 4.58% 152,965
FHLMC 3,800,000 8/1/2028 4.100% 3 585,640 4.99% 189,502 FHLMC 1,995,269 8/1/2028 4.230% 3 325,082 5.27% 105,191 FHLMC 3,850,000 8/1/2028 4.100% 3 624,852 5.25% 202,190 FHLMC 3,800,000 9/1/2028 4.100% 3 612,329 5.07% 192,839 FHLMC 2,890,000 9/1/2028 4.070% 3 514,310 5.60% 161,970 FHLMC 1,465,000 10/1/2028 4.130% 3 245,067 5.14% 75,231 FHLMC 2,125,000 10/1/2028 4.100% 3 340,991 4.93% 104,678 FHLMC 1,935,000 11/1/2028 4.120% 3 309,633 4.79% 92,636 FHLMC 2,190,000 12/1/2028 4.110% 3 337,388 4.50% 98,517 FHLMC 2,220,000 12/1/2028 4.120% 3 330,331 4.34% 96,457 FHLMC 3,750,000 1/1/2029 4.150% 4 629,962 4.79% 179,498 FHLMC 3,750,000 1/1/2029 4.150% 4 630,265 4.79% 179,584 FHLMC 3,355,000 1/1/2029 4.110% 4 549,489 4.67% 156,568 FHLMC 2,715,000 1/1/2029 4.160% 4 460,314 4.83% 131,159 FHLMC 2,125,000 3/1/2029 4.160% 4 396,707 5.09% 108,058 FHLMC 3,850,000 5/1/2029 4.150% 4 709,772 4.80% 184,916 FHLMC 3,245,000 5/1/2029 4.150% 4 569,999 4.58% 148,501 FHLMC 3,500,000 7/1/2029 4.160% 4 607,451 4.33% 151,655 FHLMC 3,980,000 9/1/2029 4.170% 4 776,004 4.67% 185,854 U.S. Treasury
U.S. Treasury 10,805,000 7/31/2025 4.340% 0 44,109 3.66% 395,562 U.S. Treasury 11,115,000 9/15/2025 4.308% 0 93,701 3.64% 404,210 U.S. Treasury 1,360,000 2/28/2026 4.103% 1 6,359 1.64% 22,350 U.S. Treasury 6,000,000 2/28/2026 4.121% 1 46,125 1.94% 116,676 U.S. Treasury 4,645,000 2/28/2026 4.121% 1 85,289 3.01% 139,907 U.S. Treasury 4,925,000 3/31/2026 4.158% 1 32,146 1.53% 75,326 U.S. Treasury 2,480,000 3/31/2026 4.158% 1 14,125 1.45% 35,868 U.S. Treasury 11,085,000 5/15/2026 4.060% 1 401,528 4.07% 450,632 U.S. Treasury 1,405,000 5/31/2026 4.179% 1 11,197 1.09% 15,255 U.S. Treasury 4,615,000 5/31/2026 4.179% 1 116,947 2.82% 130,276 U.S. Treasury 4,800,000 5/31/2026 4.179% 1 131,830 3.04% 145,693 U.S. Treasury 4,640,000 8/31/2026 3.950% 1 149,280 2.75% 127,605 U.S. Treasury 4,310,000 9/30/2026 3.920% 1 149,366 2.77% 119,296 U.S. Treasury 4,545,000 11/15/2026 3.900% 1 188,453 3.01% 136,750 U.S. Treasury 9,220,000 2/15/2027 3.830% 2 428,727 2.85% 263,001 U.S. Treasury 6,480,000 4/30/2027 3.770% 2 346,572 2.92% 189,086 U.S. Treasury 5,545,000 6/30/2027 3.740% 2 331,868 2.99% 165,934 U.S. Treasury 1,200,000 8/15/2027 3.750% 2 84,280 3.30% 39,642 U.S. Treasury 2,985,000 8/15/2027 3.750% 2 215,783 3.40% 101,496 U.S. Treasury 2,370,000 9/30/2027 3.730% 2 228,066 4.27% 101,270 U.S. Treasury 8,775,000 10/31/2027 3.740% 2 802,051 3.91% 343,199 U.S. Treasury 2,715,000 10/31/2027 3.740% 2 241,748 3.81% 103,444 U.S. Treasury 3,160,000 10/31/2027 3.740% 2 267,938 3.63% 114,651 U.S. Treasury 4,250,000 12/31/2027 3.720% 3 402,147 3.78% 160,595 U.S. Treasury 1,340,000 1/31/2028 3.730% 3 127,046 3.66% 49,071 U.S. Treasury 2,220,000 1/31/2028 3.740% 3 202,163 3.52% 78,084 U.S. Treasury 1,245,000 2/29/2028 3.730% 3 141,173 4.25% 52,904 U.S. Treasury 2,555,000 3/31/2028 3.730% 3 245,627 3.49% 89,208 U.S. Treasury 2,675,000 3/31/2028 3.720% 3 268,698 3.65% 97,587 U.S. Treasury 2,810,000 4/30/2028 3.730% 3 287,042 3.60% 101,227 U.S. Treasury 6,530,000 4/30/2028 3.730% 3 629,471 3.40% 221,987 U.S. Treasury 3,450,000 3/31/2029 3.770% 4 566,481 4.37% 150,924 U.S. Treasury 5,190,000 4/30/2029 3.780% 4 910,280 4.57% 237,323 U.S. Treasury 4,430,000 4/30/2029 3.780% 4 654,099 3.85% 170,533 U.S. Treasury 4,190,000 5/31/2029 3.780% 4 708,550 4.31% 180,727 U.S. Treasury 1,430,000 5/31/2029 3.780% 4 240,833 4.30% 61,429 U.S. Treasury 2,920,000 6/30/2029 3.780% 4 517,510 4.43% 129,289 U.S. Treasury 2,105,000 7/31/2029 3.790% 4 330,896 3.85% 80,950 U.S. Treasury 7,550,000 8/31/2029 3.790% 4 1,127,529 3.58% 270,222 U.S. Treasury 8,695,000 9/30/2029 3.790% 4 1,318,073 3.56% 309,785 U.S. Treasury 4,850,000 10/31/2029 3.800% 4 879,793 4.18% 202,730 U.S. Treasury 6,315,000 11/30/2029 3.800% 4 1,140,600 4.08% 257,942 U.S. Treasury 12,365,000 12/31/2029 3.810% 5 2,465,984 4.43% 547,164 U.S. Treasury 3,470,000 1/31/2030 3.810% 5 690,461 4.33% 150,369 U.S. Treasury 5,215,000 1/31/2030 3.810% 5 952,817 3.98% 207,505 U.S. Treasury 8,565,000 2/28/2030 3.810% 5 1,582,992 3.96% 339,080 U.S. Treasury 10,775,000 3/31/2030 3.820% 5 1,991,771 3.89% 419,018 Earnings to
Maturity
June 30, 2025
#8..

Attachment 4
City of Modesto - Portfolio Holdings and Earnings Projections Issuer Par Maturity Date Current Yield
Years to
Maturity
Expected
Earnings
Rate to June
30, 2026
Expected
Earnings to
June 30,
2026
Earnings to
Maturity
June 30, 2025
Negotiable CD
Rabobank Nederland 3,500,000 7/17/2026 3.820% 1 186,081 5.08% 177,800 Corporate Note
Bristol-Myers Squibb Co 2,230,000 11/13/2025 4.460% 0 7,894 2.57% 57,239 The Bank Of New York Mellon Corporation 3,465,000 1/28/2026 4.323% 1 14,993 1.91% 66,109 Wells Fargo & Company 5,635,000 8/7/2026 4.290% 1 344,499 5.54% 312,016 Microsoft Corp 3,000,000 8/8/2026 4.050% 1 71,003 2.14% 64,149 Bank Of America Co 3,750,000 8/18/2026 4.280% 1 235,168 5.53% 207,334 Mastercard Inc 2,560,000 11/21/2026 4.040% 1 154,537 4.33% 110,817 JPMorgan Chase & Co 3,500,000 12/8/2026 4.250% 1 257,740 5.11% 178,850 JPMorgan Chase & Co 850,000 12/8/2026 4.250% 1 63,068 5.15% 43,764 Target Corp 365,000 1/15/2027 4.100% 2 11,202 1.99% 7,249 Microsoft Corp 3,000,000 2/6/2027 4.000% 2 195,398 4.06% 121,707 Goldman Sachs Group Inc 3,000,000 5/21/2027 4.860% 2 288,025 5.08% 152,361 Home Depot Inc 3,610,000 9/14/2027 4.060% 2 331,454 4.16% 150,100 JPMorgan Chase & Co 1,535,000 2/24/2028 4.840% 3 209,073 5.13% 78,753 Kenvue Inc. 2,300,000 3/22/2028 4.160% 3 258,791 4.12% 94,838 Wal-Mart Stores Inc 1,220,000 4/15/2028 3.890% 3 134,661 3.95% 48,188 Apple Inc 5,200,000 5/10/2028 3.900% 3 585,011 3.93% 204,334 Morgan Stanley 1,360,000 5/26/2028 4.680% 3 217,590 5.50% 74,854 Morgan Stanley 2,640,000 5/26/2028 4.680% 3 418,145 5.45% 143,848 Deere & Company 1,165,000 7/14/2028 4.130% 3 176,577 4.98% 58,064 Deere & Company 495,000 7/14/2028 4.130% 3 69,878 4.64% 22,978 Deere & Company 895,000 7/14/2028 4.130% 3 128,713 4.73% 42,325 Paccar Financial Corp 1,130,000 8/10/2028 4.150% 3 179,307 5.09% 57,561 Toyota Motor Corp 2,800,000 9/11/2028 4.210% 3 474,390 5.29% 148,120 Citigroup Inc 5,650,000 9/29/2028 4.320% 3 1,066,250 5.80% 327,870 Bank Of America Co 2,060,000 1/24/2029 4.640% 4 342,691 4.66% 95,922 State Street Corporation 1,900,000 2/20/2029 4.560% 4 313,861 4.53% 86,070 Blackrock Inc. 365,000 3/14/2029 4.120% 4 64,146 4.74% 17,305 Adobe 1,580,000 4/4/2029 4.100% 4 287,507 4.83% 76,376
Adobe 1,295,000 4/4/2029 4.100% 4 232,527 4.77% 61,770
The Bank Of New York Mellon Corporation 2,700,000 4/20/2029 4.560% 4 457,311 4.45% 120,085 Pepsico Inc 1,935,000 7/17/2029 4.150% 4 355,329 4.53% 87,750 Eli Lilly & Co 660,000 8/14/2029 4.160% 4 115,708 4.25% 28,043 Eli Lilly & Co 2,290,000 8/14/2029 4.160% 4 393,752 4.17% 95,431 Pepsico Inc 730,000 2/7/2030 4.200% 5 156,115 4.64% 33,857 Wal-Mart Stores Inc 1,140,000 4/28/2030 4.130% 5 241,668 4.39% 50,033 Wal-Mart Stores Inc 3,500,000 4/28/2030 4.130% 5 701,324 4.15% 145,198 Asset-Backed Securities
Citigroup Inc 835,000 12/8/2027 4.510% 2 106,677 5.23% 43,701 Kubota Credit Owners Trust 890,000 1/18/2028 4.400% 3 120,134 5.29% 47,048 Bank of America Auto Trust 1,140,344 2/15/2028 4.600% 3 165,889 5.53% 63,072 Honda Auto Receivables 1,927,418 2/18/2028 4.530% 3 275,375 5.42% 104,374 Toyota Motor Corp 672,099 4/17/2028 4.480% 3 97,206 5.17% 34,717 USAA Owners Trust 2,324,111 5/15/2028 4.700% 3 373,348 5.58% 129,783 Bank of America Auto Trust 2,925,000 6/15/2028 4.510% 3 497,280 5.74% 167,907 Fifth Third Auto Trust 2,234,115 8/15/2028 4.580% 3 386,646 5.53% 123,578 Toyota Motor Corp 765,000 8/15/2028 4.330% 3 132,660 5.54% 42,400 American Express Co 3,090,000 9/15/2028 4.320% 3 519,455 5.23% 161,638 Chase Issurance 3,020,000 9/15/2028 4.230% 3 501,409 5.17% 156,022 Hyundai Auto Receivables 1,130,000 10/16/2028 4.340% 3 206,613 5.54% 62,636 Bank Of America Co 1,365,000 11/15/2028 4.250% 3 229,957 4.98% 68,018 Gm Financial Securitized Term 365,000 12/18/2028 4.350% 3 61,507 4.85% 17,719 Chase Issurance 3,390,000 1/16/2029 4.160% 4 554,103 4.60% 156,055 Kubota Credit Owners Trust 1,550,000 6/15/2029 4.190% 4 286,819 4.67% 72,399 Hyundai Auto Receivables 2,525,000 10/15/2029 4.200% 4 468,975 4.32% 109,168 Hyundai Auto Receivables 960,000 12/17/2029 4.120% 4 187,123 4.36% 41,876 Municipal Securities
Florida State Board of Administration Finance 505,000 7/1/2025 2.360% 0 15 3.56% 17,970 Florida State Board of Administration Finance 1,295,000 7/1/2025 2.360% 0 45 3.56% 46,086 Overnight Investments 79,725,922 Varies Varies 3.45% 2,749,108 Totals (Main Portfolio) 527,502,500 50,340,502 3.91% 20,617,110 Notes:

1. Earnings projections are based on stated par value, future market expectations and current investment positions.

2. Earnings on overnight investments are based on the investment balances and the Fed Funds Futures rates.

3. Callable securities priced above par are considered to be called on their next call date. #8..

Attachment 5
Issue Name / Type Trustee Bank Investment Total Amount
Instl Res Tre and Agny Cash Adv6541 $273,529.87
Financial Guaranty Insurance Pol $1.00
CAMP $2,222,610.64
Total $2,496,141.51
Instl Res Tre and Agny Cash Adv6541 $309,194.88
Letter of Credit $1.00
CAMP $5,498,462.57
Total $5,807,658.45
2018 Wastewater Refunding Bank of New York Fidelity Inv MM Trsy Only $196.02 Fairview Village Refunding US Bank First American Treasury Obligation Fund $198,614.11 Blackrock Federal Fund Instl 30 $186.08
CAMP $3,148,035.65
Total $3,148,221.73
Other Post Employment Benefits Section 115
Trust PARS HighMark Plus Moderate $1,941,245.22
Pension Section 115 Trust PARS HighMark Plus Moderately Conservative $3,142,028.81 Athens Administrators (New Third Party
Administrator - Worker's Compensation) Wells Fargo Bank $522,229.42 George Hills Company - General Liability Claims
Administration Services California Bank & Trust $58,698.14 Kemper Sports Management Inc. BMO Harris Bank Business Money Market $121,032.79 Stanislaus Community Foundation Modesto Commerce Bank Charles Schwab $833,381.25 Village One #2 Refunding Bank of New York
Cash with Fiscal Agent Investments
As of June 30, 2025
2008 Water Refunding COP Bank of New York
2008 Lease Revenue Bonds Bank of New York
#8..
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CITY OF MODESTO

COMMITTEE AGENDA REPORT
DATE OF MEETING:

August 25, 2025
Date: July 17, 2025
TO: Finance Committee
Rosa Escutia-Braaton, Chair
David Wright, Vice-Chairs
Nick Bavaro, Member
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: River Trunk Realignment Construction Project - New Bond Issuance CONTACT: DeAnna Christensen, Director of Finance, [email protected] 209-577-5387
DESCRIPTION:

Consider the issuance of Wastewater Revenue Bonds, Series 2025 in a not to exceed aggregate principal amount of $60,000,000 to finance the construction of the River Trunk Realignment – Pump Station Construction Project and forwarding to Council for approval. (Funding Source: Sewer Fund)
STRATEGIC PLAN ELEMENT:

This item supports the City of Modesto 2025-2026 Strategic Plan focus of Governance and Service Delivery under Goal H: Achieve Financial Sustainability.

BACKGROUND:

The 2007 Wastewater Collection System Master Plan (WWCSMP) identified key hydraulic and condition deficiencies in the City’s wastewater collection system; These conclusions were reevaluated as part of the 2016 WWCSMP. The River Trunk Realignment was one of the main priority projects identified in the 2016 WWCSMP and addresses deficiencies in the River Trunk, Sutter Trunks, and Beard Brook Siphon.

The River Trunk consists of a pipeline that ranges from 24-inches to 60-inches in diameter that conveys flow from the Beard Industrial Park to the City of Modesto Regional Water Recycling Facility – Sutter Campus (Sutter Campus). The total length of the River Trunk is approximately five (5) miles and conveys approximately 24 percent of the City’s domestic wastewater flow. The Beard Brook Siphon consists of a 48-inch diameter trunk that starts at the west end of Oregon Drive, at the Gallo facility, and crosses under Beard Brook Park to Morton Boulevard. The current location of the River Trunk, adjacent to the Tuolumne River, poses access limitations to operations staff and could be subject to catastrophic damage in the event of elevated river flows. The Beard Brook Siphon also poses access limitations. As City staff evaluated these #9..
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Finance Committee, August 25, 2025
River Trunk Realignment Construction Project - New Bond Issuance

projects, consideration was given to realigning the River Trunk away from its current location to an alternate route within the public right-of-way and replacing the Beard Brook Siphon with a gravity system. Additional consideration was given to realigning the Sutter Trunk to connect to the new River Trunk.

The Utilities Department have made significant efforts to hire consultants to assist with design services for this project and address acquisition of property located at 131 9th Street, Modesto to facilitate the requirements for this project.

Due to the magnitude of the entire River Trunk project in terms of construction and costs, the project was split into three (3) separate sub-projects:
1) River Trunk Pump Station - Project No. 1 (the “Project”), to be financed with the prosed bond issuance) included the design of a major lift station and force-mains, and the gravity sewer crossing under Beard Brook Park.
2) River Trunk Gravity System – Project No. 2, gravity trunks system along Colorado Avenue
3) River Trunk Shackelford – Project No. 3 includes the pump station for the Shackelford Crossing.

The River Trunk Gravity System – Project No. 2 has been completed and River Trunk Shackelford – Project No. 3 is currently under construction.

DISCUSSION:

Project Bid
The River Trunk Pump Station - Project No. 1 was advertised for bids on April 30, 2025. Bids were publicly opened on July 1, 2025, pursuant to City Charter Section 1307. A total of four (4) bids were received and following review of bid packages, Shimmick Construction Company, Inc, of Irvine, CA, was the bidder with the lowest responsive bid. The bid tabulation is attached.

The bid analysis is:

Number of bids received 4
Number of bids within 10% of engineer’s estimate 1
Number of bids above the engineer’s estimate 4
Number of bids below the engineer’s estimate 0
Percent of lowest responsive bid above the engineer’s estimate 9.02% The lowest responsive bid was provided by Shimmick Construction Company, Inc, of Irvine, CA, which is 9.02% above the engineer’s estimate. The next bid was 26.72% above the engineer’s estimate and the highest bid received was 67.69% above the engineer’s estimate. Bidder competition and participation were evident as the City received four (4) bids.

Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $1000,000 for material, equipment or contractual services to be formally bid. The award of contract for the construction of River Trunk Realignment – Pump Station Project to Shimmick Construction Company, Inc, of Irvine, CA, conforms to the Modesto Municipal Code, 8-3.203. #9..
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Finance Committee, August 25, 2025
River Trunk Realignment Construction Project - New Bond Issuance