Agenda packet — Murrieta City Council, January 20, 2026 (part 1 of 3)

The City of Murrieta intends to comply with the Americans with Disabilities Act (ADA). Persons with special needs should call the City Clerk Department at (951) 461-6031 or email at [email protected] at least 72 hours in advance. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Any presentation requiring the use of the City of Murrieta’s equipment must be submitted to the City Clerk ’s department 72 hours prior to the scheduled City Council meeting at City Hall located at 1 Town Square, Murrieta, CA; via email at [email protected] or call (951) 461-6031. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Jon Levell
Mayor
Ron Holliday Lisa DeForest Mayor Pro Tem Council Member Lori Stone Cindy Warren Council Member Council Member Justin Clifton, City Manager
Tiffany Israel, City Attorney
Cristal McDonald, City Clerk

MURRIETA CITY COUNCIL (CC)

MURRIETA COMMUNITY SERVICES DISTRICT (CSD)

MURRIETA FIRE DISTRICT (FD)

MURRIETA LIBRARY BOARD (LB)

MURRIETA REDEVELOPMENT SUCCESSOR AGENCY (RSA)

MURRIETA HOUSING AUTHORITY (HA)

MURRIETA FINANCING AUTHORITY (FA)
YOU MAY VIEW THE MEETING LIVESTREAMED VIA THE CITY’S WEBSITE AT https://murrieta.legistar.com/Calendar.aspx

CITY OF MURRIETA
Council Chambers
1 Town Square
Murrieta, CA 92562
Tuesday, January 20, 2026
4:00 PM REGULAR MEETING

CLOSED SESSION HELD AT

END OF MEETING
1 City Council Meeting Agenda January 20, 2026
4:00 PM REGULAR MEETING

CALL TO ORDER

ROLL CALL

PLEDGE OF ALLEGIANCE

INVOCATION

PRESENTATIONS
Presentation: Santa Stops Volunteers

APPROVAL OF AGENDA

CITY MANAGER - ADMINISTRATIVE UPDATE

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB)

REPORTS/ANNOUNCEMENTS
Governing Body CCB Reports is the opportunity for the City Council to provide a brief report on conferences, seminars, and Commission, Committees, and /or Boards meeting attendance.

Reports shall not exceed three minutes. Governing Body Announcements is the opportunity for the City Council to provide miscellaneous reports and announcements. Announcements shall not exceed two minutes. The City Clerk will use the computerized timer.

PUBLIC COMMENTS (NON-AGENDA)
At this time any person may address the governing bodies on any subject pertaining to City business, which does not relate to any item listed on the printed agenda. Normally no action may be considered or taken by the governing bodies on any matter not listed on the agenda .

Each speaker will be limited to three minutes.

CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 9
All matters listed on the Consent Calendar are to be considered routine by the governing bodies, and will be enacted by one motion in the form listed. There will be no discussion of these items unless, before the governing body votes on the motion to adopt, specific items are removed from the Consent Calendar for separate motions.

1. Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only Recommended Action:

Waive reading, by title only, of all Ordinances and Resolutions. Said Ordinances and Resolutions which appear on the public agenda shall be determined to have been read by title and further reading waived.

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2 City Council Meeting Agenda January 20, 2026

2. Minutes
Recommended Action:

Approve the December 16, 2025 Regular City Council meeting minutes.

3. Monthly Investment Transaction Report for November 2025 Recommended Action:

Receive and file the Monthly Investment Transaction Report for November 2025.

4. Award Contract to American Security Group for Murrieta Children ’s Library Expansion Project Technology Work
Recommended Action:

Approve a Public Works Contract for the Murrieta Children’s Library Expansion Project between the City of Murrieta and Amergroup, Inc. dba American Security Group, in an amount not to exceed $295,959.55, plus 5% contingency;
Approve the exception to bidding requirement in accordance with Municipal Code Section

3.08.280(i); and
Authorize the City Manager and/or designee to execute all necessary documents to facilitate the purchase and installation of the technology work.

5. Assembly Bill 1600 Annual Report of Development Impact Fee Expenditures for Fiscal Year 2024/25
Recommended Action:

Receive and File the Assembly Bill 1600 Annual Report of Development Impact Fee expenditures for Fiscal Year 2024/25.

6. Fiscal Year 2024 Wildfire Prevention Grant Award Resolution Request from CAL FIRE Recommended Action:

Adopt Resolution No. 26-4903 entitled: A Resolution of the City Council of the City of Murrieta, California, Approving and Certifying Grant Application and Project Funding by the State of California Department of Forestry and Fire Protection.

7. Award Contract for Annual On-Call Street Striping, Pavement Marking, and Curb Painting Services
Recommended Action:

Approve a five year on -call agreement with Superior Pavement Markings for street striping, pavement marking, and curb painting services; and
Authorize the City Manager to execute the Agreement.

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3 City Council Meeting Agenda January 20, 2026

8. Termination of Emergency Declaration in Connection with the Restoration of Fire Station 2 Showers and Restroom Facilities
Recommended Action:

Adopt Resolution No. 26-4904, entitled: A Resolution of the City Council of the City of Murrieta, California Terminating the Emergency Declaration in Connection with the Restoration of Showers and Restroom facilities at Murrieta Fire and Rescue Station 2.

9. Right of Way Acceptance of a portion of Fullerton Road Recommended Action:

Adopt Resolution No. 26 -4905 entitled: A Resolution Of The City Council Of The City Of Murrieta, California, Accepting Into The City’s Road System A Portion Of The Rights Of Way Dedication From (I) Parcel Map 12618 Filed In Book 76, Page 15, In The Book Of Maps Of The County Of Riverside, State Of California; And (Ii) Parcel Map 22824 Filed In Book 153, Page 21 Of Book Of Maps Of The County Of County Of Riverside, State Of California.

PULLED CONSENT CALENDAR ITEMS

PUBLIC HEARINGS

10. Public Hearing and Adoption of a Resolution Approving a Street Name Change for Sparkman Drive to “Monroe Avenue” and Adoption of Exemption from CEQA Recommended Action:

Conduct a public hearing and adopt Resolution No. 26 -4906 entitled: A Resolution of the City Council of the City of Murrieta Changing the Name of “Sparkman Drive” to “Monroe Avenue”, Between Murrieta Hot Springs Road and Walsh Center Drive, and Name the Northerly Segment Under Construction to “Monroe Avenue”, Between Walsh Center Drive and the Terminus Near Vista Murrieta Road and finding this action exempt from CEQA; and Direct the City Clerk to promptly forward a copy of Resolution No. 26 -4906 to the Board of Supervisors of Riverside County.

DISCUSSION

11. Fiscal Year 2024/25 Year End Report and Approve Appropriations for Carryover of Unspent Amounts from FY 2024/25 to FY 2025/26
Recommended Action:

Receive and file the report;
Amend the Fiscal Year 2025/26 Operating Budget to include the Fiscal Year 2024/25 Carryover Request; and
Receive and file the list of Fiscal Year 2024/25 Write Off of Uncollectible Accounts Receivable in accordance with the Uncollectible Accounts Receivable Policy.

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4 City Council Meeting Agenda January 20, 2026

12. Approval of Ordinance No. 628-26 Prohibiting the Sale, Distribution and Possession of Kratom
Recommended Action:

Conduct the first reading and introduce Ordinance No. 628 -26 entitled: An Ordinance of the City Council of the City of Murrieta, California Amending the Murrieta Municipal Code by Adding New Chapter 9.40, Prohibiting the Sale, Distribution, and Possession of Kratom.

13. City Council Subcommittees and Appointment of City Affiliated Boards and Commissions
Recommended Action:

Review and discuss the current City Council Subcommittees and City Affiliated Agencies/Organizations and reaffirm or update as needed; Appoint delegates/representatives and alternates to the City Council Subcommittees and City Affiliated Agencies/Organizations; and
Consider and provide direction to City staff as appropriate.

RECONSIDERATION

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS

PUBLIC COMMENTS (NON-AGENDA)

CLOSED SESSION

PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY

ANNOUNCEMENT OF CLOSED SESSION ITEMS

CLOSED SESSION
CS1. Conference with Legal Counsel
The City Council will conduct a closed session with the City Manager, Assistant City Manager, Deputy City Manager, Administrative Services Director and City Attorney pursuant to Government Code section 54956.95(b), to consider the following worker's compensation claim( s): Moore (Case No. ADJ 13403470) and Valle (Case No .

ADJ14545222).

CS2. Conference with Legal Counsel - Anticipated Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(2), because there is a significant exposure to litigation in 2 cases.

CS3. Conference with Legal Counsel – Anticipated Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(4), because the City is considering whether to initiate litigation in one case.

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5 City Council Meeting Agenda January 20, 2026

RECESS TO CLOSED SESSION

RECONVENE FROM CLOSED SESSION

CALL TO ORDER

ROLL CALL

ANNOUNCEMENT OF CLOSED SESSION ACTION

ADJOURNMENT

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6 CITY OF MURRIETA
City Council Meeting Agenda
Report
1/20/2026
Agenda Item No. 1.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Cristal McDonald, City Clerk
PREPARED BY: Kimberly Ramirez, Deputy City Clerk
SUBJECT:

Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only

RECOMMENDATION
Waive reading, by title only, of all Ordinances and Resolutions. Said Ordinances and Resolutions which appear on the public agenda shall be determined to have been read by title and further reading waived.

CITY OF MURRIETA Printed on 1/15/2026Page 1 of 1
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7 CITY OF MURRIETA
City Council Meeting Agenda
Report
1/20/2026
Agenda Item No. 2.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Cristal McDonald, City Clerk
PREPARED BY: Kimberly Ramirez, Deputy City Clerk
SUBJECT:

Minutes

RECOMMENDATION
Approve the December 16, 2025 Regular City Council meeting minutes.

ATTACHMENTS
ATT 1 - December 16, 2025 Minutes
CITY OF MURRIETA Printed on 1/15/2026Page 1 of 1
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8 Meeting Minutes
City Council December 16, 2025

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CITY OF MURRIETA Tuesday, December 16, 2025
Council Chambers 3:30 PM WORKSHOP
1 Town Square 5:00 PM CLOSED SESSION
6 Murrieta, CA 92562

Any presentation requiring the use of the City of Murrieta’s equipment must be submitted to the City Clerk’s department 72 hours prior to the scheduled City Council meeting at City Hall located at 1 Town Square, Murrieta, CA; via email at [email protected] or call (951) 461-6031. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Jon Levell
Mayor

Ron Holliday Lisa DeForest Mayor Pro Tem Council Member

Lori Stone Cindy Warren Council Member Council Member

Justin Clifton, City Manager
Tiffany Israel, City Attorney
Cristal McDonald, City Clerk

MURRIETA CITY COUNCIL (CC)

MURRIETA COMMUNITY SERVICES DISTRICT (CSD)

MURRIETA FIRE DISTRICT (FD)

MURRIETA LIBRARY BOARD (LB)

MURRIETA REDEVELOPMENT SUCCESSOR AGENCY (RSA)

MURRIETA HOUSING AUTHORITY (HA)

MURRIETA FINANCING AUTHORITY (FA)

YOU MAY VIEW THE MEETING LIVESTREAMED VIA THE CITY’S WEBSITE AT https://murrieta.legistar.com/Calendar.aspx
3:30 PM WORKSHOP

CALL TO ORDER

ROLL CALL

Present: Council Member Cindy Warren
Mayor Jon Levell
Mayor Pro Tem Ron Holliday
Council Member Lori Stone
Council Member Lisa DeForest
:00 PM REGULAR MEETING
9 Meeting Minutes
City Council December 16, 2025

Page 2 of 10 ends

Absent: None

WORKSHOP
WS1. Town Square Park Ad Hoc Subcommittee: Policy, Fees, and Signature Events Discussion

Staff report and PowerPoint presentation provided by Special Events Supervisor Laura Frasso and Special Events Coordinator Nadine Kotob.

Assistant City Manager Kristen Crane and Community Services Director Brian Ambrose were available to answer questions from the City Council.

The Town Square Park Amphitheater Subcommittee, comprised of Council Member Holliday and Mayor Warren, provided their rationale and overview of the proposed policy.

The following topics were discussed:
• Purpose statement;
• Fee escalator;
• In-kind support;
• Murrieta Valley Unified School District partnership;
• Cost recovery;
• Seed to Succeed;
• Event types;
• Field maintenance;
• Security;

Public Comments:
.

Kassen Klein: Spoke on lawn maintenance, City Council priorities, private event enforcement and fee escalator.

Brandon: Cost to non-profits and in-kind donations.

Veronica Griffin: Inquired about the process for in kind donation for proposed policy.

Action: The City Council provided support for the proposed policy with consensus on addressing field maintenance, cost escalator, and general fine tuning.

RECESS 4:34 p.m.
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City Council December 16, 2025

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5:00 PM CLOSED SESSION
CALL TO ORDER 5:00 p.m.

ROLL CALL

Present: Council Member Lisa DeForest
Council Member Lori Stone
Council Member Ron Holliday
Mayor Pro Tem Jon Levell
Mayor Cindy Warren

Absent: None
PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY None

ANNOUNCEMENT OF CLOSED SESSION ITEMS

CLOSED SESSION
CS1. Conference with Legal Counsel - Anticipated Litigation The City Council will conduct a closed session, pursuant to Government Code sections 54956.9(d)(2), because there is a significant exposure to litigation in four cases.

CS2. Conference with Legal Counsel - Existing Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: City of Murrieta vs. Koroush Khalighi; Case Number CVME2512084; Riverside County Superior Court, Menifee Justice Center.

RECESS TO CLOSED SESSION 5:01 p.m.
6:00 PM REGULAR MEETING
CALL TO ORDER 6:04 p.m.

ANNOUNCEMENT OF CLOSED SESSION ACTION
City Attorney Tiffany Israel reported the following Closed Session Action: No reportable action for Closed Session Item No. CS1, and a unanimous vote on a purchase price of $42,300 for an easement.

ROLL CALL

Present: Council Member Cindy Warren
Mayor Jon Levell
Mayor Pro Tem Ron Holliday
Council Member Lori Stone
Council Member Lisa DeForest

Absent: None
11 Meeting Minutes
City Council December 16, 2025

Page 4 of 10 ends

PLEDGE OF ALLEGIANCE Kyle and Emma Warren

INVOCATION

PRESENTATIONS
Presentation: Update on Tourism - Explore Murrieta

APPROVAL OF AGENDA
Action: It was moved by Council Member Stone, seconded by Mayor pro Tem Levell, to approve the Agenda for December 16, 2025.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Levell, Warren
Noes: None

Absent: None

CITY MANAGER - ADMINISTRATIVE UPDATE

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB)

REPORTS/ANNOUNCEMENTS

Council Member DeForest: Deferred Reports to the next meeting.

Provided verbal Announcements.

Council Member Stone: Provided attendance/reported the following:
• Western Riverside Council of Governments
(WRCOG)

Provided verbal Announcements.

Council Member Holliday: Provided attendance/reported the following:
• Town Square Park and Amphitheater Subcommittee

Provided Announcements to be made part of the City’s
record.

Mayor Pro Tem Levell: Provided verbal Announcements.

Mayor Warren: Provided attendance/reported the following:
• Riverside County Transportation Commission
(RCTC)

Provided Announcements to be made part of the City’s
record.
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City Council December 16, 2025

Page 5 of 10 ends

PUBLIC COMMENTS (NON-AGENDA)
Philip O'Reilly: Spoke on concerns over the Jefferson Avenue arterial project.

Catherine Barrett
Fischer:

On behalf of the Community Alliance for Riverside’s Economy, displayed a handout and poster, and spoke on concerns over the proposed gateway aviation project.

Connie McConnell: Provided seasonal updates on Murrieta Market Nights.

Tammy Demchuk: Spoke on safety concerns over Warm Springs Park and Reserve.

REORGANIZATION

SELECTION OF PRESIDING OFFICERS

City Clerk McDonald provided instructions on the process for the selection of presiding officers and deemed all council members on an equal basis.

City Clerk McDonald opened the floor for nominations.

Council Member Stone nominated Council Member Levell for Mayor.

Council Member Levell accepted the nomination.

Action: It was moved by Council Member Holliday, seconded by Council Member Warren to close nominations for Mayor.

The motion carried by the following vote:

Ayes: Holliday, Levell, Warren, Stone, DeForest
Noes: None

Action: It was moved by Council Member Holliday, seconded by Council Member Warren to appoint Council Member Holliday as Mayor.

The motion carried by the following vote:

Ayes: Holliday, Levell, Warren, Stone, DeForest
Noes: None

Council Member Warren nominated Council Member Holliday for Mayor Pro Tem.

Council Member Holliday accepted the nomination.

13 Meeting Minutes
City Council December 16, 2025

Page 6 of 10 ends

Action: It was moved by Council Member DeForest, seconded by Mayor Levell to close nominations for Mayor Pro Tem and appoint Council Member Holliday for Mayor Pro Tem.

The motion carried by the following vote:

Ayes: Holliday, Warren, Stone, DeForest, Levell
Noes: None

Public Comments:

Casey Jurado:

Thanked the City Council for their support of Market Nights, Murrieta Arts Council and Main Street Murrieta. Congratulated Mayor Levell.

Robert Frederick: On behalf of Waste Management, thanked Council Member for her leadership and congratulated Mayor Levell.

PRIVILEGE OF THE FLOOR EXTENDED TO OUTGOING MAYOR
Council Member Warren provided her remarks.

PRIVILEGE OF THE FLOOR EXTENDED TO INCOMING MAYOR

Mayor Levell provided his remarks.

RECESS TO RECEPTION 7:05 p.m.

CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 16
Action: It was moved by Council Member Stone, seconded by Mayor Levell to approve Consent Calendar Item Nos. 1-16 with the exception of Item No. 14 which was pulled for discussion by Mayor Pro Tem Holliday.

Mayor Pro Tem Holliday and Mayor Levell recused themselves from item No. 8 due to owning property within 1,00 feet of the project.

Council Member Stone recused herself from Item No. 13 due to owning property within 500 feet of the project.

The motion carried by the following vote:

Ayes: DeForest, Stone, Warren, Holliday, Levell
Noes: None

Absent: None
14 Meeting Minutes
City Council December 16, 2025

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1. Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only Recommended Action:

2. Minutes
Recommended Action:

Approve the December 2, 2025 Regular City Council Meeting minutes.

3. Check Register October 2025
Recommended Action:

Adopt Resolution No. 25-4901 entitled: A Resolution of the City Council of the City of Murrieta, California, Ratifying the Consolidated Check Register for the month of October 2025.

4. Monthly Investment Transaction Report for October 2025 Recommended Action:

Receive and file the Monthly Investment Transaction Report for October 2025.

5. Amending and Restating the Comprehensive Pay Schedule for Fiscal Year 2025/26 Recommended Action:

Adopt Resolution No. 25-4902 entitled: A Resolution of the City Council of the City of Murrieta, California, Amending and Restating the Comprehensive Pay Schedule for Fiscal Year 2025/26.

6. Donation Acceptances for FY 2025/26 Community Services Programs Recommended Action:

Amend the Fiscal Year 2025/26 Operating Budget as referenced in the Fiscal Impact statement; and

Accept donations from various entities totaling $12,200, for multiple events and programs provided by the Community Services Department and the Murrieta Library.

7. Murrieta Housing Authority SB 341 Annual Report for FY 2024/25 Recommended Action:

Receive and file the Murrieta Housing Authority SB 341 Annual Report for Fiscal Year (FY) 2024/25;

Direct staff to file the document with the State Department of Housing and Community Development and place it on the City’s website; and

Find that these actions are not a “project” as defined in the California Environmental Quality Act (CEQA) Guidelines Section 15378.
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City Council December 16, 2025

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8. Authorize the City Manager to Approve Two Amended Purchase Orders and Change Orders for the Murrieta Innovation Center Project
Recommended Action:

Authorize the reallocation of funding within the current budget for project completion, specifically for construction and construction management; and

Authorize the City Manager to approve an amended purchase order and task budget for RWBID Construction Management LLC, as well as a change order and a purchase for the general contractor, Optima RPM, Inc.

Mayor Pro Tem Holliday and Mayor Levell recused themselves from item No. 8 due to owning property within 1,00 feet of the project.

9. Introduction of Assembly Bill 1600 Annual Report of Development Impact Fee Expenditures for Fiscal Year 2024/25
Recommended Action:

Receive an introduction of the Assembly Bill (AB) 1600 Annual Report of Development Impact Fee expenditures for Fiscal Year 2024/25.

10. Agreement with Chandler Asset Management for Investment Advisory Services Recommended Action:

Approve a three-year agreement in the amount of $260,000 with Chandler Asset Management for investment advisory services with the option of two (2) one-year extensions; and

Authorize the Mayor to execute the agreement.

11. Agreement with Hinderliter de Llamas (HdL) for Business License Software Services Recommended Action:

Retroactively approve a three-year agreement in the amount of $47,800 with Hinderliter de Llamas (HdL) for business license software services, with the option of two (2) one-year extensions;

Authorize the City Manager to execute the agreement and all other necessary documents; and

Waive the competitive bidding requirements in accordance with the Murrieta Municipal Code §

3.08.280(G).

12. Notice of Completion - California Oaks Sports Park Tennis Court Lighting Project Recommended Action:

Accept the public improvements for the California Oaks Sports Park Tennis Court Lighting Project, Capital Improvement Project No. 22017; and

Authorize the City Clerk to record a Notice of Completion and release bonds in accordance with State law and City ordinances.
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13. Acceptance of Public Improvements in Parcel Map 38160 Recommended Action:

Accept the Public Improvements in Parcel Map 38160 located at 24960 Adams Avenue; and

Authorize the Municipal Services Department to perform continued maintenance of the aforementioned public improvements in conformance with the City of Murrieta’s maintenance standards.

Council Member Stone recused herself from Item No. 13 due to owning property within 500 feet of the project.

15. Quitclaim Deed to Reserve a Public Right-of-Way Easement for Monroe Avenue Recommended Action:

Approve a Quitclaim Deed to reserve a right-of-way easement on Monroe Avenue over a portion of the parcel granted to the City of Murrieta on document No. 2011-0150720;

Authorize the City Manager to execute the Quitclaim Deed of Easement; and

Direct the City Clerk to record the Quitclaim Deed upon approval by the City Attorney.

16. Grant Deed of Easement to Southern California Edison Recommended Action:

Approve the Grant Deed of Easement to Southern California Edison for a portion of the parcel granted to the City of Murrieta on document No. 2011-0150720; and

Authorize the City Manager to execute the Grant Deed of Easement.

PULLED CONSENT CALENDAR ITEMS

14. Agreement Amendment with Contech Engineered Solutions for Hayes Avenue Bridge at Miller Canyon Creek

Staff report provided by City Engineer Jeff Hitch.

Director of Public Works Bob Moehling was available to answer questions from the City Council.

Public Comments: None

Action: It was moved by Council Member DeForest, seconded by Council Member Warren to Approve Amendment No. 1 to the Agreement with Contech Engineered Solutions for the additional amount of $130,500, to purchase a precast concrete arch culvert system for the Hayes Avenue Bridge at Miller Canyon Creek without Notice for Bids pursuant to California Public Contract Code Section 1102, 20168, and 22050, which includes a 15% contingency in the amount of $20,000, in the event of change orders or price fluctuations; and
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Authorize the City Manager to execute the amendment to the Agreement and future amendments up to the contingency amount.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Warren
Noes: Levell

Absent: None

RECONSIDERATION None

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS

Council Member DeForest: Council Member DeForest requested to consider a policy or ordinance banning Kratom 7-OH, similar to Huntington Beach and to expedite the item.

Consensus was received.

Council Member Stone: None

Council Member Warren:

None
Mayor Pro Tem Holliday: None

Mayor Levell: None

ADJOURNMENT 7:35 p.m.

__________________________
Cristal McDonald, City Clerk
18 CITY OF MURRIETA
City Council Meeting Agenda
Report
1/20/2026
Agenda Item No. 3.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Tanner Benson, Financial Analyst
SUBJECT:

Monthly Investment Transaction Report for November 2025

RECOMMENDATION
Receive and file the Monthly Investment Transaction Report for November 2025.

PRIOR ACTION/VOTE
None.

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

DISCUSSION
This report is filed with the City Council in compliance with Government Code Section 53607, which states that a monthly report of transactions related to the purchase, sale, or exchange of securities is made monthly to the legislative body. The City of Murrieta (City) has both long-term and short-term investments. The City’s managed investment portfolio is for longer-term investments, managed by Chandler Asset Management. The Local Agency Investment Fund (LAIF), managed by the California State Treasurer, is used for short-term investments and functions similarly to a savings account, facilitating cash flow.

This report includes funds under management from Chandler Asset Management, funds deposited with LAIF, and earnings from the Wells Fargo Cash Sweep Program. Bond funds held by the City’sTrustee are not included in this report but are on file and available upon request.

The transactions in the long-term investment portfolio for November 2025 include dispositions of $3,731,840.64 in cash, payables, receivables, principal paydowns, maturities, and sales, as well as a withdrawal for bank fees. Subsequently, these proceeds, together with the dispositions and monthly interest earnings, were reinvested in security and money market fund purchases totaling $4,238,140.21. The monthly transaction report also includes a statement of compliance for each security type, confirming the City’s CITY OF MURRIETA Printed on 1/15/2026Page 1 of 2
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19 1/20/2026
Agenda Item No. 3.
adherence to the applicable Government Code sections, and the City’s investment policy.

The California State Treasurer allocates and reinvests LAIF interest earnings on a quarterly basis. Quarterly interest earnings are reflected in the statement one month following the end of the quarter. The account received the last interest earnings deposit in October 2025 for the previous quarter.

As of November 30, 2025, the City’s Total Ending Book Value (or what the City actually paid for the investments) for both investment accounts (long and short-term accounts) is $155,575,305.22. Both accounts combined had an overall increase of $575,862.70 or 0.37%, which includes any deposits, dispositions, applicable interest earning, and less any realized gain/loss or monthly fees charged to the account.

The City is also earning monthly dividends in the General Checking account. The Wells Fargo “CashSweep Program” allows the City to earn a return on uninvested cash balances in our General Checking Account by automatically "sweeping" cash balances into a Sweep investment vehicle until such balances are otherwise needed to satisfy obligations arising in the account.

The total earnings from the Cash Sweep Program for the month of November were $348,552.49.

Attached are the investment portfolio accounts for Chandler for the month of November (Attachment 1) and the regular monthly statement for LAIF (Attachment 2), which lists all transactions associated with the respective accounts. In addition, Attachment 3 provides a summary of daily transactions for the Wells Fargo Cash Sweep Program.

This report also includes a statement of compliance with state law and the City’sinvestment policy for the various investment categories.

FISCAL IMPACT
The recommended action has no fiscal impact. Interest earnings projections are included in the Fiscal Year 2025/26 Operating Budget.

ATTACHMENTS
ATT 1 - Chandler Asset Management Monthly Account Statement for November 2025 ATT 2 - Local Agency Investment Fund (LAIF) Monthly Statement for November 2025 ATT 3 - Wells Fargo Cash Sweep Program November 2025 Statement CITY OF MURRIETA Printed on 1/15/2026Page 2 of 2
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20 MONTHLY ACCOUNT STATEMENT
Murrieta Consolidated | Account | As of November 30, 2025 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Custodian:

US Bank
21 | 2
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Average Modified Duration 1.79
Average Coupon 3.81%
Average Purchase YTM 4.36%
Average Market YTM 3.73%
Average Credit Quality* AA+
Average Final Maturity 2.11
Average Life 1.92
End Values as of
10/31/2025
End Values as of
11/30/2025
Market Value 155,831,122.18 156,585,814.68
Accrued Interest 1,247,727.17 1,231,946.88
Total Market Value 157,078,849.35 157,817,761.56
Income Earned 495,382.39 434,611.60
Cont/WD 0.00 0.00
Par 155,955,393.80 156,464,079.77
Book Value 152,955,769.27 153,531,631.97
Cost Value 152,955,769.27 153,531,631.97
United States 36.32%
Federal Home Loan Banks 11.53%
FHLMC 10.06%
Farm Credit System 6.97%
Massachusetts Mutual Life Insurance 1.35%
New York Life Insurance Company 1.27%
American Express Credit Master Trust 1.23%
International Bank for Recon and Dev 1.17%
*The average credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch. 22 | 3
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 10.1 Compliant
Max % Issuer (MV) 30.0 10.1 Compliant
Max Maturity (Years) 5.0 4.3 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 8.5 Compliant
Max % Issuer (MV) 5.0 0.9 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 25.3 Compliant
Max % Issuer (MV) 5.0 1.3 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
23 | 4
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 18.5 Compliant
Max % Issuer (MV) 30.0 11.5 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.1 Compliant
Max % Issuer (MV) 10.0 0.1 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 1.2 Compliant
Max % Issuer (MV) 10.0 1.2 Compliant
Max Maturity (Years) 5 2 Compliant
24 | 5
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 36.3 Compliant
Max Maturity (Years) 5 4 Compliant
25 | 6
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Book Value 152,955,769.27 150,913,261.27
Maturities/Calls (2,500,000.00) (14,625,000.00)
Principal Paydowns (283,032.21) (2,045,994.86)
Purchases 4,238,140.21 28,302,503.83
Sales (1,005,716.11) (9,210,308.36)
Change in Cash, Payables, Receivables 56,907.68 53,725.65 Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 69,563.13 143,444.44
Ending Book Value 153,531,631.97 153,531,631.97
Month to Date Fiscal Year to Date
(07/01/2025)
Beginning Market Value 155,831,122.18 153,376,376.64
Maturities/Calls (2,500,000.00) (14,625,000.00)
Principal Paydowns (283,032.21) (2,045,994.86)
Purchases 4,238,140.21 28,302,503.83
Sales (1,005,716.11) (9,210,308.36)
Change in Cash, Payables, Receivables 56,907.68 53,725.65 Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 178,829.80 591,067.34 Realized Gain (Loss) 69,563.13 143,444.44
Ending Market Value 156,585,814.68 156,585,814.68
Maturities / Calls
Month to Date (2,500,000.00)
Fiscal Year to Date (14,625,000.00)
Principal Paydowns
Month to Date (283,032.21)
Fiscal Year to Date (2,045,994.86)
Purchases
Month to Date 4,238,140.21
Fiscal Year to Date 28,302,503.83
Sales
Month to Date (1,005,716.11)
Fiscal Year to Date (9,210,308.36)
Interest Received
Month to Date 459,860.69
Fiscal Year to Date 2,481,594.13
Purchased / Sold Interest
Month to Date (9,468.80)
Fiscal Year to Date (55,393.52)
26 | 7
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 266,534.11 02/08/2024

5.09%
266,500.79
266,500.79
100.26

3.91%
267,235.89
414.53

0.17%
735.10
NA/AAA
AAA

1.31 0.21
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 646,946.58 06/20/2024

5.19%
643,509.68
643,509.68
100.28

3.90%
648,745.09
536.97

0.41%
5,235.42
Aaa/AAA
NA

1.31 0.25
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027 13,367.26 07/06/2022

3.64%
13,367.16
13,367.16

99.97 4.28%
13,363.90

20.27 0.01%
(3.26)
Aaa/NA
AAA

1.38 0.04
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 350,000.00 05/17/2024

5.32%
349,959.05
349,959.05
100.99

4.03%
353,475.15
827.56

0.23%
3,516.10
Aaa/NA
AAA

2.13 0.73
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 545,000.00 09/17/2024

4.24%
544,908.28
544,908.28
100.17

4.03%
545,912.33
1,024.60

0.35%
1,004.05
NA/AAA
AAA

2.21 0.71
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 705,000.00 05/20/2025

4.58%
704,988.30
704,988.30
100.82

3.94%
710,793.69
986.61

0.45%
5,805.39
NA/AAA
AAA

2.48 1.20
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 1,086,262.46 02/13/2024

5.21%
1,086,215.21
1,086,215.21
100.87

3.98%
1,095,687.96
2,515.30

0.70%
9,472.75
Aaa/AAA
NA

2.71 0.67
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,320,000.00 09/07/2023

5.23%
1,319,634.10
1,319,634.10
100.97

3.95%
1,332,761.76
3,027.20

0.85%
13,127.66
NA/AAA
AAA

2.79 0.76
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028 800,000.00 10/08/2025

3.97%
799,997.76
799,997.76
100.11

3.93%
800,903.20
529.33

0.51%
905.44
NA/AAA
AAA

2.82 1.60
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 335,000.00 03/11/2024

4.96%
334,981.24
334,981.24
100.81

4.00%
337,700.44
738.49

0.22%
2,719.20
Aaa/NA
AAA

2.96 0.79
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 600,000.00 06/04/2024

5.18%
599,908.86
599,908.86
100.94

3.88%
605,628.60
518.00

0.39%
5,719.74
Aaa/AAA
NA

3.24 0.69
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 640,000.00 04/16/2024

5.23%
639,868.80
639,868.80
101.92

3.82%
652,279.04
1,487.64

0.42%
12,410.24
NA/AAA
AAA

3.38 1.30
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 770,000.00 05/14/2025

4.61%
769,906.14
769,906.14
101.25

3.99%
779,593.43
1,577.64

0.50%
9,687.29
NA/AAA
AAA

3.38 1.85
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 670,000.00 03/04/2025

4.23%
669,957.86
669,957.86
100.77

3.77%
675,167.04
1,259.60

0.43%
5,209.18
Aaa/NA
AAA

3.80 1.55
44935XAD7 HART 2025-B A3 4.36
12/17/2029 585,000.00 06/03/2025

4.36%
584,947.18
584,947.18
100.91

3.87%
590,336.37
1,133.60

0.38%
5,389.19
NA/AAA
AAA

4.05 1.71
92348KDY6 VZMT 2025-3 A1A 4.51
03/20/2030 1,050,000.00 03/25/2025

4.51%
1,049,954.85
1,049,954.85
100.75

4.18%
1,057,850.85
1,446.96

0.68%
7,896.00
Aaa/NA
AAA

4.30 1.24
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030 1,255,000.00 05/06/2025

4.28%
1,254,977.28
1,254,977.28
101.11

3.82%
1,268,929.25
2,387.29

0.81%
13,951.97
NA/AAA
AAA

4.37 2.21
27 | 8
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 370,000.00 05/06/2025

4.28%
369,945.54
369,945.54
100.78

3.78%
372,872.68
659.83

0.24%
2,927.14
Aaa/AAA
NA

4.38 1.44
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030 1,210,000.00 06/03/2025

4.33%
1,209,979.91
1,209,979.91
101.33

3.80%
1,226,106.31
2,333.96

0.78%
16,126.40
NA/AAA
AAA

4.45 2.29
Total ABS 13,218,110.40 4.68%
13,213,508.00
13,213,508.00
100.89

3.92%
13,335,342.97
23,425.39

8.52%
121,834.98

3.29 1.29
AGENCY
3133EPW68

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.125
01/22/2026
1,400,000.00 01/24/2024

4.40%
1,392,860.00
1,392,860.00
100.01

4.01%
1,400,100.80
20,693.75

0.89%
7,240.80
Aa1/AA+
AA+

0.15 0.14
3133ERDZ1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 05/08/2026 1,000,000.00 05/20/2024

4.87%
997,690.00
997,690.00
100.40

3.80%
1,004,032.00
3,034.72

0.64%
6,342.00
Aa1/AA+
AA+

0.44 0.43
3130AWLZ1 FEDERAL HOME LOAN BANKS

4.75 06/12/2026 2,000,000.00 08/16/2023

4.78%
1,998,620.00
1,998,620.00
100.53

3.73%
2,010,628.00
44,597.22

1.28%
12,008.00
Aa1/AA+
AA+

0.53 0.51
3133EPZY4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 5.0 07/30/2026 2,000,000.00 11/09/2023

4.85%
2,007,480.00
2,007,480.00
100.75

3.83%
2,015,076.00
33,611.11

1.29%
7,596.00
Aa1/AA+
AA+

0.66 0.64
3133EPSW6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 08/14/2026 2,405,000.00 08/09/2023

4.58%
2,399,468.50
2,399,468.50
100.55

3.70%
2,418,167.38
32,166.88

1.54%
18,698.88
Aa1/AA+
AA+

0.70 0.68
3130AWTQ3 FEDERAL HOME LOAN BANKS

4.625 09/11/2026 4,500,000.00 --

4.81%
4,476,030.00
4,476,030.00
100.70

3.70%
4,531,423.50
46,250.00

2.89%
55,393.50
Aa1/AA+
AA+

0.78 0.75
3130AXU63 FEDERAL HOME LOAN BANKS

4.625 11/17/2026 1,750,000.00 11/30/2023

4.53%
1,754,427.50
1,754,427.50
100.89

3.67%
1,765,596.00
3,147.57

1.13%
11,168.50
Aa1/AA+
AA+

0.96 0.93
3130AYPN0 FEDERAL HOME LOAN BANKS

4.125 01/15/2027 2,000,000.00 01/30/2024

4.21%
1,995,560.00
1,995,560.00
100.58

3.59%
2,011,642.00
31,166.67

1.28%
16,082.00
Aa1/AA+
AA+

1.13 1.07
3133EP6K6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/26/2027 1,000,000.00 04/08/2024

4.66%
995,520.00
995,520.00
101.13

3.61%
1,011,261.00
8,125.00

0.65%
15,741.00
Aa1/AA+
AA+

1.32 1.26
3130B0TY5 FEDERAL HOME LOAN BANKS

4.75 04/09/2027 1,500,000.00 04/10/2024

4.84%
1,496,115.00
1,496,115.00
101.67

3.48%
1,524,993.00
10,291.67

0.97%
28,878.00
Aa1/AA+
AA+

1.36 1.30
3133ERFJ5 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 05/20/2027 1,000,000.00 05/20/2024

4.69%
994,830.00
994,830.00
101.29

3.59%
1,012,933.00
1,375.00

0.65%
18,103.00
Aa1/AA+
AA+

1.47 1.41
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 3,000,000.00 03/24/2025

4.02%
3,039,480.00
3,039,480.00
102.11

3.53%
3,063,267.00
30,375.00

1.96%
23,787.00
Aa1/AA+
AA+

2.28 2.13
3130AVVX7 FEDERAL HOME LOAN BANKS

3.75 06/09/2028 1,120,000.00 06/07/2023

4.00%
1,107,243.20
1,107,243.20
100.61

3.50%
1,126,825.28
20,066.67

0.72%
19,582.08
Aa1/AA+
AA+

2.53 2.35
28 | 9
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 2,000,000.00 07/06/2023

4.49%
1,956,940.00
1,956,940.00
101.25

3.48%
2,025,018.00
38,222.22

1.29%
68,078.00
Aa1/AA+
AA+

2.53 2.34
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 2,000,000.00 10/12/2023

4.71%
1,981,460.00
1,981,460.00
102.55

3.54%
2,050,946.00
17,250.00

1.31%
69,486.00
Aa1/AA+
AA+

2.81 2.60
Total Agency 28,675,000.00 4.56%
28,593,724.20
28,593,724.20
101.04

3.65%
28,971,908.96
340,373.47

18.50%
378,184.75

1.31 1.23

AGENCY CMBS
3137BSP72 FHMS K-058 A2 2.653
08/25/2026 2,000,000.00 02/09/2023

4.35%
1,890,546.88
1,890,546.88

98.99 3.91%
1,979,744.00
4,421.67

1.26%
89,197.12
Aa1/AA+
AAA

0.73 0.67
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026 859,386.58 09/22/2022

4.23%
828,535.95
828,535.95

99.15 4.09%
852,083.51
2,396.97

0.54%
23,547.56
Aa1/AA+
AAA

0.99 0.88
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 862,000.00 --

4.09%
839,600.51
839,600.51

99.44 3.80%
857,166.77
2,463.88

0.55%
17,566.26
Aa1/AA+
AAA

1.15 0.97
3137F1G44 FHMS K-065 A2 3.243
04/25/2027 1,000,000.00 09/19/2022

4.08%
965,468.75
965,468.75

99.15 3.77%
991,530.00
2,702.50

0.63%
26,061.25
Aa1/AA+
AAA

1.40 1.26
3137FBU79 FHMS K-069 A2 3.187
09/25/2027 1,216,136.65 05/18/2023

4.13%
1,168,203.77
1,168,203.77

98.88 3.75%
1,202,508.62
3,229.86

0.77%
34,304.85
Aa1/AAA
AA+

1.82 1.69
3137F4X72 FHMS K-075 A2 3.65 02/25/2028 1,165,000.00 09/14/2023

4.92%
1,107,478.13
1,107,478.13

99.62 3.74%
1,160,585.82
3,543.54

0.74%
53,107.69
Aa1/AA+
AAA

2.24 2.08
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 1,250,000.00 05/28/2024

4.94%
1,197,265.63
1,197,265.63
100.22

3.74%
1,252,755.00
4,062.50

0.80%
55,489.37
Aa1/AA+
AAA

2.74 2.52
3137FK4M5 FHMS K-085 A2 4.06 10/25/2028 2,000,000.00 05/07/2025

4.12%
1,990,703.13
1,990,703.13
100.73

3.72%
2,014,516.00
6,766.67

1.29%
23,812.87
Aaa/AA+
AA+

2.90 2.66
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 1,500,000.00 08/19/2024

4.12%
1,385,332.03
1,385,332.03

95.38 3.84%
1,430,748.00
2,825.00

0.91%
45,415.97
Aa1/AA+
AAA

3.15 2.90
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029 2,000,000.00 03/27/2025

4.30%
1,932,500.00
1,932,500.00

98.87 3.75%
1,977,480.00
5,703.33

1.26%
44,980.00
Aa1/AAA
AA+

3.24 2.96
3137HA4B9 FHMS K-751 A2 4.412
03/25/2030 2,000,000.00 03/26/2025

4.37%
1,997,890.63
1,997,890.63
101.68

3.90%
2,033,648.00
7,353.33

1.30%
35,757.37
Aaa/AA+
AA+

4.31 3.58
Total Agency CMBS 15,852,523.23 4.33%
15,303,525.41
15,303,525.41

99.40 3.82%
15,752,765.72
45,469.25

10.06%
449,240.31

2.44 2.19
CASH
CCYUSD Receivable 59,933.89 -- 59,933.89
59,933.89

1.00 0.00%
59,933.89

0.00 0.04%

0.00 Aaa/AAA
AAA

0.00 0.00
29 | 10
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Cash 59,933.89
59,933.89
59,933.89

1.00 0.00%
59,933.89

0.00 0.04%

0.00 0.00

0.00 CORPORATE
023135CN4 AMAZON.COM INC 4.6
12/01/2025 425,000.00 11/29/2022

4.60%
424,974.50
424,974.50
100.00

4.60%
425,000.00
9,775.00

0.27%

25.50 A1/AA
AA-

0.00 0.01
037833BY5 APPLE INC 3.25 02/23/2026 1,000,000.00 02/22/2023

4.72%
959,390.00
959,390.00

99.84 3.92%
998,407.00
8,847.22

0.64%
39,017.00
Aaa/AA+
NA

0.23 0.23
57629W6F2 MASSMUTUAL GLOBAL
FUNDING II 4.5 04/10/2026 750,000.00 04/04/2023

4.52%
749,482.50
749,482.50
100.15

4.04%
751,153.50
4,781.25

0.48%
1,671.00
Aa3/AA+
AA+

0.36 0.35
00440EAV9 CHUBB INA HOLDINGS LLC 3.35
05/03/2026 1,000,000.00 09/13/2023

5.23%
954,220.00
954,220.00

99.72 4.01%
997,199.00
2,605.56

0.64%
42,979.00
A2/A
A

0.42 0.42
58989V2F0 MET TOWER GLOBAL FUNDING

5.4 06/20/2026 1,000,000.00 06/12/2023

5.38%
1,000,440.00
1,000,440.00
100.73

4.04%
1,007,313.00
24,150.00

0.64%
6,873.00
Aa3/AA-
AA-

0.55 0.53
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 1,450,000.00 --

4.99%
1,451,925.00
1,451,925.00
100.75

3.94%
1,460,811.20
22,577.71

0.93%
8,886.20
A1/A+
NA

0.69 0.67
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 1,000,000.00 09/13/2023

5.57%
998,810.00
998,810.00
100.94

4.16%
1,009,434.00
15,810.50

0.64%
10,624.00
Aa2/A+
AA

0.71 0.60
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
101.10

3.92%
515,612.04
1,524.69

0.33%
5,749.74
A1/A+
NA

0.94 0.83
48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026 1,575,000.00 --

5.08%
1,576,460.00
1,576,460.00
101.11

3.99%
1,592,433.68
38,676.31

1.02%
15,973.68
Aa2/AA-
AA

1.02 0.89
24422EXF1 JOHN DEERE CAPITAL CORP 4.5
01/08/2027 1,000,000.00 01/10/2024

4.52%
999,460.00
999,460.00
100.76

3.79%
1,007,601.00
17,875.00

0.64%
8,141.00
A1/A
A+

1.11 1.05
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027 1,245,000.00 01/10/2024

4.88%
1,244,688.75
1,244,688.75
101.06

3.90%
1,258,254.27
22,254.38

0.80%
13,565.52
A1/A
AA-

1.14 1.08
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027 1,500,000.00 02/29/2024

4.78%
1,500,810.00
1,500,810.00
101.18

3.81%
1,517,658.00
19,000.00

0.97%
16,848.00
A1/AA-
NA

1.24 1.10
857477CL5 STATE STREET CORP 4.993
03/18/2027 1,210,000.00 03/13/2024

4.99%
1,210,000.00
1,210,000.00
101.34

3.92%
1,226,154.71
12,250.88

0.78%
16,154.71
Aa3/A
AA-

1.30 1.16
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,000,000.00
09/14/2022

4.23%
990,460.00
990,460.00
100.15

3.89%
1,001,453.00
2,333.33

0.64%
10,993.00
A2/A+
A+

1.44 1.31
009158AY2 AIR PRODUCTS AND CHEMICALS
INC 1.85 05/15/2027 1,500,000.00 02/09/2024

4.71%
1,371,945.00
1,371,945.00

97.26 3.80%
1,458,897.00
1,233.33

0.93%
86,952.00
A2/A
NA

1.45 1.41
437076DB5 HOME DEPOT INC 4.875
06/25/2027 740,000.00 --

4.95%
738,545.60
738,545.60
101.65

3.78%
752,200.38
15,632.50

0.48%
13,654.78
A2/A
A

1.57 1.39
30 | 11
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
09290DAH4 BLACKROCK INC 4.6 07/26/2027 750,000.00 07/18/2024

4.57%
750,645.00
750,645.00
101.26

3.80%
759,483.00
11,979.17

0.49%
8,838.00
Aa3/AA-
NA

1.65 1.48
532457CP1 ELI LILLY AND CO 4.15
08/14/2027 1,250,000.00 08/22/2024

4.10%
1,251,637.50
1,251,637.50
100.72

3.71%
1,259,038.75
15,418.40

0.80%
7,401.25
Aa3/A+
NA

1.70 1.54
023135BC9 AMAZON.COM INC 3.15
08/22/2027 1,000,000.00 07/30/2024

4.55%
960,450.00
960,450.00

99.12 3.68%
991,196.00
8,662.50

0.63%
30,746.00
A1/AA
AA-

1.73 1.65
89236TKJ3 TOYOTA MOTOR CREDIT CORP

4.55 09/20/2027 1,000,000.00 06/20/2024

4.89%
989,900.00
989,900.00
101.19

3.86%
1,011,854.00
8,973.61

0.65%
21,954.00
A1/A+
A+

1.80 1.70
64952WFJ7 NEW YORK LIFE GLOBAL
FUNDING 3.9 10/01/2027 1,000,000.00 09/25/2024

3.91%
999,820.00
999,820.00
100.05

3.87%
1,000,538.00
6,500.00

0.64%
718.00
Aa1/AA+
AAA

1.84 1.74
91324PDE9 UNITEDHEALTH GROUP INC 2.95
10/15/2027 1,250,000.00 07/30/2024

4.60%
1,189,300.00
1,189,300.00

98.39 3.85%
1,229,841.25
4,711.81

0.79%
40,541.25
A2/A+
A

1.87 1.79
24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 700,000.00 01/06/2025

4.66%
699,790.00
699,790.00
101.72

3.79%
712,014.10
13,020.00

0.45%
12,224.10
A1/A
A+

2.10 1.95
64952WCX9 NEW YORK LIFE GLOBAL
FUNDING 3.0 01/10/2028 1,000,000.00 08/26/2025

4.04%
976,720.00
976,720.00

98.13 3.93%
981,305.00
11,750.00

0.63%
4,585.00
Aa1/AA+
AAA

2.11 2.00
63743HFW7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.75 02/07/2028
1,500,000.00 06/17/2025

4.40%
1,512,345.00
1,512,345.00
101.49

4.03%
1,522,408.50
22,562.50

0.97%
10,063.50
A2/NA
A

2.19 1.96
57629TBW6 MASSMUTUAL GLOBAL
FUNDING II 4.45 03/27/2028 1,340,000.00 03/20/2025

4.49%
1,338,405.40
1,338,405.40
101.19

3.91%
1,355,952.70
10,600.89

0.87%
17,547.30
Aa3/AA+
AA+

2.32 2.17
74456QBU9 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.7 05/01/2028 750,000.00 06/22/2023

4.79%
715,005.00
715,005.00

99.71 3.82%
747,861.75
2,312.50

0.48%
32,856.75
A1/A
NA

2.42 2.28
341081GN1 FLORIDA POWER & LIGHT CO 4.4
05/15/2028 1,500,000.00 05/22/2023

4.64%
1,484,025.00
1,484,025.00
101.26

3.86%
1,518,925.50
2,933.33

0.97%
34,900.50
Aa2/A+
AA-

2.46 2.16
90331HPS6 US BANK NA 4.73 05/15/2028 1,330,000.00 05/12/2025

4.88%
1,330,000.00
1,330,000.00
100.91

4.44%
1,342,039.16
2,795.96

0.86%
12,039.16
A2/A+
A+

2.46 1.39
87612EBU9 TARGET CORP 4.35 06/15/2028 570,000.00 06/05/2025

4.35%
569,994.30
569,994.30
101.13

3.88%
576,416.49
11,777.63

0.37%
6,422.19
A2/A
A

2.54 2.26
26444HAE1 DUKE ENERGY FLORIDA LLC 3.8
07/15/2028 1,000,000.00 06/04/2025

4.32%
985,120.00
985,120.00

99.95 3.82%
999,549.00
14,355.56

0.64%
14,429.00
A1/A
NA

2.62 2.44
66815L2X6

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.125
08/25/2028
1,000,000.00 08/25/2025

4.03%
1,002,660.00
1,002,660.00
100.44

3.95%
1,004,403.00
11,000.00

0.64%
1,743.00
Aa1/AA+
AAA

2.74 2.54
74456QBX3 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.65 09/01/2028 1,000,000.00 07/24/2025

4.23%
983,400.00
983,400.00

99.29 3.92%
992,945.00
9,125.00

0.63%
9,545.00
A1/A
NA

2.76 2.57
31 | 12
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
437076DH2 HOME DEPOT INC 3.75
09/15/2028 570,000.00 09/08/2025

3.77%
569,629.50
569,629.50

99.98 3.76%
569,868.90
4,512.50

0.36%
239.40
A2/A
A

2.79 2.61
14913UBD1 CATERPILLAR FINANCIAL
SERVICES CORP 3.95 11/14/2028 1,000,000.00 11/26/2025

3.83%
1,003,180.00
1,003,180.00
100.27

3.85%
1,002,657.00
1,865.28

0.64%
(523.00)
A2/A
A+

2.96 2.76
713448GL6 PEPSICO INC 4.1 01/15/2029 1,000,000.00 07/24/2025

4.19%
997,190.00
997,190.00
100.67

3.87%
1,006,651.00
14,577.78

0.64%
9,461.00
A1/A+
NA

3.13 2.79
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 1,500,000.00 01/24/2025

4.96%
1,501,860.00
1,501,860.00
101.98

4.25%
1,529,637.00
25,854.00

0.98%
27,777.00
A2/A-
AA-

3.16 2.00
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 580,000.00 10/17/2025

4.36%
580,000.00
580,000.00

99.99 4.34%
579,937.94
2,596.90

0.37%
(62.06)
A1/A-
A+

3.88 2.68
Total Corporate 39,495,000.00 4.63%
39,072,550.35
39,072,550.35
100.47

3.94%
39,674,104.82
437,212.96

25.34%
601,554.47

1.77 1.56

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 78,512.25 --

3.88%
78,512.25
78,512.25

1.00 3.88%
78,512.25

0.00 0.05%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 78,512.25 3.88%
78,512.25
78,512.25

1.00 3.88%
78,512.25

0.00 0.05%

0.00 0.00

0.00 SUPRANATIONAL
459058LT8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.625 05/05/2028
1,335,000.00 04/29/2025

3.70%
1,332,036.30
1,332,036.30
100.21

3.53%
1,337,867.58
3,495.10

0.85%
5,831.28
Aaa/AAA
NA

2.43 2.30
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
500,000.00 07/24/2023

4.26%
483,115.00
483,115.00

99.88 3.55%
499,390.50
6,756.94

0.32%
16,275.50
Aaa/AAA
NA

2.62 2.44
Total
Supranational 1,835,000.00 3.86%
1,815,151.30
1,815,151.30
100.12

3.54%
1,837,258.08
10,252.05

1.17%
22,106.78

2.48 2.34

US TREASURY
9128285T3 UNITED STATES TREASURY 2.625
12/31/2025 2,500,000.00 09/14/2022

3.76%
2,412,792.97
2,412,792.97

99.89 3.92%
2,497,280.00
27,462.64

1.59%
84,487.03
Aa1/AA+
AA+

0.08 0.08
9128286L9 UNITED STATES TREASURY 2.25
03/31/2026 2,500,000.00 09/14/2022

3.74%
2,377,832.03
2,377,832.03

99.49 3.79%
2,487,332.50
9,581.04

1.59%
109,500.47
Aa1/AA+
AA+

0.33 0.33
32 | 13
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CGV7 UNITED STATES TREASURY 3.75
04/15/2026 2,000,000.00 03/20/2024

4.63%
1,965,703.13
1,965,703.13

99.99 3.75%
1,999,886.00
9,684.07

1.28%
34,182.87
Aa1/AA+
AA+

0.37 0.37
912828U24 UNITED STATES TREASURY 2.0
11/15/2026 3,000,000.00 09/13/2023

4.66%
2,767,031.25
2,767,031.25

98.45 3.66%
2,953,617.00
2,651.93

1.89%
186,585.75
Aa1/AA+
AA+

0.96 0.93
912828YX2 UNITED STATES TREASURY 1.75
12/31/2026 1,750,000.00 12/27/2023

3.96%
1,641,240.23
1,641,240.23

98.03 3.62%
1,715,547.75
12,815.90

1.10%
74,307.52
Aa1/AA+
AA+

1.08 1.05
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 2,500,000.00 11/17/2022

4.02%
2,349,414.06
2,349,414.06

98.61 3.58%
2,465,235.00
10,645.60

1.57%
115,820.94
Aa1/AA+
AA+

1.33 1.29
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 1,300,000.00 12/12/2022

3.87%
1,266,687.50
1,266,687.50

99.56 3.54%
1,294,261.80
17,680.71

0.83%
27,574.30
Aa1/AA+
AA+

1.58 1.51
91282CFB2 UNITED STATES TREASURY 2.75
07/31/2027 2,000,000.00 07/26/2023

4.30%
1,887,109.38
1,887,109.38

98.73 3.54%
1,974,532.00
18,383.15

1.26%
87,422.62
Aa1/AA+
AA+

1.67 1.60
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 2,500,000.00 01/24/2023

3.65%
2,445,117.19
2,445,117.19

99.32 3.53%
2,482,910.00
19,854.97

1.59%
37,792.81
Aa1/AA+
AA+

1.75 1.67
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 1,600,000.00 02/22/2023

4.19%
1,595,500.00
1,595,500.00
101.06

3.52%
1,617,000.00
11,241.76

1.03%
21,500.00
Aa1/AA+
AA+

1.83 1.74
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027 1,400,000.00 06/07/2023

4.05%
1,298,937.50
1,298,937.50

97.63 3.51%
1,366,859.20
1,392.27

0.87%
67,921.70
Aa1/AA+
AA+

1.96 1.89
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 1,500,000.00 11/26/2024

4.24%
1,467,070.31
1,467,070.31
100.00

3.50%
1,500,000.00
17,547.55

0.96%
32,929.69
Aa1/AA+
AA+

2.17 2.05
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 2,750,000.00 09/27/2024

3.51%
2,684,257.81
2,684,257.81

98.44 3.49%
2,707,031.25
22,194.29

1.73%
22,773.44
Aa1/AA+
AA+

2.21 2.10
9128284V9 UNITED STATES TREASURY 2.875
08/15/2028 2,500,000.00 11/12/2024

4.34%
2,374,804.69
2,374,804.69

98.43 3.49%
2,460,840.00
21,093.75

1.57%
86,035.31
Aa1/AA+
AA+

2.71 2.56
91282CNY3 UNITED STATES TREASURY 3.375
09/15/2028 3,000,000.00 09/29/2025

3.64%
2,978,203.13
2,978,203.13

99.69 3.49%
2,990,625.00
21,536.60

1.91%
12,421.87
Aa1/AA+
AA+

2.79 2.62
91282CPC9 UNITED STATES TREASURY 3.5
10/15/2028 2,500,000.00 11/10/2025

3.58%
2,494,433.59
2,494,433.59
100.00

3.50%
2,500,000.00
11,298.08

1.60%
5,566.41
Aa1/AA+
AA+

2.88 2.70
91282CDF5 UNITED STATES TREASURY 1.375
10/31/2028 2,500,000.00 09/16/2025

3.50%
2,344,433.59
2,344,433.59

94.16 3.50%
2,353,907.50
2,943.72

1.50%
9,473.91
Aa1/AA+
AA+

2.92 2.81
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 04/22/2024

4.72%
1,870,625.00
1,870,625.00

98.96 3.50%
1,979,296.00
2,762.43

1.26%
108,671.00
Aa1/AA+
AA+

2.96 2.79
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,250,000.00 01/30/2025

4.31%
2,244,726.56
2,244,726.56
102.22

3.52%
2,300,010.75
24,302.49

1.47%
55,284.19
Aa1/AA+
AA+

3.25 2.99
91282CEM9 UNITED STATES TREASURY 2.875
04/30/2029 2,750,000.00 10/30/2025

3.64%
2,681,787.11
2,681,787.11

97.91 3.53%
2,692,530.50
6,770.55

1.72%
10,743.39
Aa1/AA+
AA+

3.41 3.21
33 | 14
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 10/29/2024

4.10%
1,991,093.75
1,991,093.75
101.55

3.54%
2,031,094.00
26,739.13

1.30%
40,000.25
Aa1/AA+
AA+

3.67 3.35
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,750,000.00 12/17/2024

4.26%
2,618,730.47
2,618,730.47

98.52 3.55%
2,709,286.25
21,840.47

1.73%
90,555.78
Aa1/AA+
AA+

3.75 3.47
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 1,700,000.00 02/12/2025

4.49%
1,665,203.13
1,665,203.13
101.61

3.56%
1,727,293.50
5,823.20

1.10%
62,090.37
Aa1/AA+
AA+

3.92 3.59
91282CFY2 UNITED STATES TREASURY 3.875
11/30/2029 3,000,000.00 03/24/2025

4.06%
2,976,679.69
2,976,679.69
101.16

3.56%
3,034,806.00
319.37

1.94%
58,126.31
Aa1/AA+
AA+

4.00 3.68
91282CGB1 UNITED STATES TREASURY 3.875
12/31/2029 3,000,000.00 07/30/2025

3.91%
2,995,312.50
2,995,312.50
101.16

3.57%
3,034,806.00
48,648.10

1.94%
39,493.50
Aa1/AA+
AA+

4.08 3.69
Total US Treasury 57,250,000.00 4.02%
55,394,726.57
55,394,726.57

99.37 3.57%
56,875,988.00
375,213.76

36.32%
1,481,261.43

2.37 2.22
Total Portfolio 156,464,079.77 4.36%
153,531,631.97
153,531,631.97
100.01

3.73%
156,585,814.68
1,231,946.88
100.00%
3,054,182.71

2.11 1.79
Total Market Value
+ Accrued 157,817,761.56
34 | 15
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 11/03/2025 31846V567 30,625.00 FIRST AMER:GVT OBLG Z 1.000 3.95% (30,625.00) 0.00 (30,625.00) 0.00 Purchase 11/04/2025 31846V567 3,026.21 FIRST AMER:GVT OBLG Z 1.000 3.95% (3,026.21) 0.00 (3,026.21) 0.00 Purchase 11/05/2025 31846V567 24,056.70 FIRST AMER:GVT OBLG Z 1.000 3.88% (24,056.70) 0.00 (24,056.70) 0.00 Purchase 11/10/2025 31846V567 56,818.75 FIRST AMER:GVT OBLG Z 1.000 3.82% (56,818.75) 0.00 (56,818.75) 0.00 Purchase 11/17/2025 31846V567 311,692.18 FIRST AMER:GVT OBLG Z 1.000 3.83% (311,692.18) 0.00 (311,692.18) 0.00 Purchase 11/17/2025 31846V567 37,150.34 FIRST AMER:GVT OBLG Z 1.000 3.83% (37,150.34) 0.00 (37,150.34) 0.00 Purchase 11/17/2025 91282CPC9 2,500,000.00 UNITED STATES TREASURY

3.5 10/15/2028 99.777 3.58% (2,494,433.59) (7,932.69) (2,502,366.28) 0.00 Purchase 11/18/2025 31846V567 6,065.80 FIRST AMER:GVT OBLG Z 1.000 3.84% (6,065.80) 0.00 (6,065.80) 0.00 Purchase 11/20/2025 31846V567 20,869.31 FIRST AMER:GVT OBLG Z 1.000 3.81% (20,869.31) 0.00 (20,869.31) 0.00 Purchase 11/20/2025 31846V567 87,021.80 FIRST AMER:GVT OBLG Z 1.000 3.81% (87,021.80) 0.00 (87,021.80) 0.00 Purchase 11/25/2025 31846V567 52,883.55 FIRST AMER:GVT OBLG Z 1.000 3.83% (52,883.55) 0.00 (52,883.55) 0.00 Purchase 11/25/2025 31846V567 110,316.98 FIRST AMER:GVT OBLG Z 1.000 3.83% (110,316.98) 0.00 (110,316.98) 0.00 Purchase 11/28/2025 14913UBD1 1,000,000.00

CATERPILLAR FINANCIAL
SERVICES CORP 3.95
11/14/2028
100.318 3.83% (1,003,180.00) (1,536.11) (1,004,716.11) 0.00 Total Purchase 4,240,526.62 (4,238,140.21) (9,468.80) (4,247,609.01) 0.00 TOTAL
ACQUISITIONS 4,240,526.62 (4,238,140.21) (9,468.80) (4,247,609.01) 0.00

DISPOSITIONS
Maturity 11/15/2025 912828M56 (2,500,000.00) UNITED STATES TREASURY

2.25 11/15/2025 100.000 3.11% 2,500,000.00 0.00 2,500,000.00 68,847.66 Total Maturity (2,500,000.00) 2,500,000.00 0.00 2,500,000.00 68,847.66 Sale 11/26/2025 31846V567 (1,000.00) FIRST AMER:GVT OBLG Z 1.000 3.85% 1,000.00 0.00 1,000.00 0.00 Sale 11/28/2025 31846V567 (1,004,716.11) FIRST AMER:GVT OBLG Z 1.000 3.88% 1,004,716.11 0.00 1,004,716.11 0.00 Total Sale (1,005,716.11) 1,005,716.11 0.00 1,005,716.11 0.00 TOTAL
DISPOSITIONS (3,505,716.11) 3,505,716.11 0.00 3,505,716.11 68,847.66 35 | 16
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
OTHER

TRANSACTIONS
Coupon 11/01/2025 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.94% 4,062.50 0.00 4,062.50 0.00
Coupon 11/01/2025 3137F4X72 0.00 FHMS K-075 A2 3.65
02/25/2028 4.92% 3,543.54 0.00 3,543.54 0.00
Coupon 11/01/2025 74456QBU9 0.00

PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7
05/01/2028

4.79% 13,875.00 0.00 13,875.00 0.00
Coupon 11/01/2025 3137HA4B9 0.00 FHMS K-751 A2 4.412
03/25/2030 4.37% 7,353.33 0.00 7,353.33 0.00
Coupon 11/01/2025 3137BSP72 0.00 FHMS K-058 A2 2.653
08/25/2026 4.35% 4,421.67 0.00 4,421.67 0.00
Coupon 11/01/2025 3137FLMV3 0.00 FHMS K-090 A2 3.422
02/25/2029 4.30% 5,703.33 0.00 5,703.33 0.00
Coupon 11/01/2025 3137BTUM1 0.00 FHMS K-061 A2 3.347
11/25/2026 4.23% 2,401.99 0.00 2,401.99 0.00
Coupon 11/01/2025 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.13% 3,235.37 0.00 3,235.37 0.00
Coupon 11/01/2025 3137FK4M5 0.00 FHMS K-085 A2 4.06
10/25/2028 4.12% 6,766.67 0.00 6,766.67 0.00
Coupon 11/01/2025 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.12% 2,825.00 0.00 2,825.00 0.00
Coupon 11/01/2025 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027

4.09% 2,463.88 0.00 2,463.88 0.00
Coupon 11/01/2025 3137F1G44 0.00 FHMS K-065 A2 3.243
04/25/2027 4.08% 2,702.50 0.00 2,702.50 0.00
Coupon 11/03/2025 00440EAV9 0.00 CHUBB INA HOLDINGS
LLC 3.35 05/03/2026 5.23% 16,750.00 0.00 16,750.00 0.00 Coupon 11/05/2025 459058LT8 0.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 3.625
05/05/2028

3.70% 24,056.70 0.00 24,056.70 0.00
36 | 17
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 11/08/2025 3133ERDZ1 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.75 05/08/2026

4.87% 23,750.00 0.00 23,750.00 0.00
Coupon 11/10/2025 713448FW3 0.00 PEPSICO INC 5.125
11/10/2026 5.13% 13,068.75 0.00 13,068.75 0.00
Coupon 11/10/2025 665859AW4 0.00 NORTHERN TRUST CORP

4.0 05/10/2027 4.23% 20,000.00 0.00 20,000.00 0.00
Coupon 11/15/2025 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.32% 1,551.67 0.00 1,551.67 0.00
Coupon 11/15/2025 02582JKH2 0.00 AMXCA 2024-1 A 5.23
04/16/2029 5.23% 2,789.33 0.00 2,789.33 0.00
Coupon 11/15/2025 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 5,676.00 0.00 5,676.00 0.00
Coupon 11/15/2025 437918AC9 0.00 HAROT 2024-1 A3 5.21
08/15/2028 5.21% 5,049.30 0.00 5,049.30 0.00
Coupon 11/15/2025 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.96% 1,384.67 0.00 1,384.67 0.00
Coupon 11/15/2025 90331HPS6 0.00 US BANK NA 4.73
05/15/2028 4.88% 31,454.50 0.00 31,454.50 0.00
Coupon 11/15/2025 9128285M8 0.00 UNITED STATES TREASURY

3.125 11/15/2028 4.72% 31,250.00 0.00 31,250.00 0.00
Coupon 11/15/2025 009158AY2 0.00

AIR PRODUCTS AND
CHEMICALS INC 1.85
05/15/2027

4.71%
13,875.00 0.00 13,875.00 0.00
Coupon 11/15/2025 912828U24 0.00 UNITED STATES TREASURY

2.0 11/15/2026 4.66% 30,000.00 0.00 30,000.00 0.00
Coupon 11/15/2025 341081GN1 0.00 FLORIDA POWER & LIGHT
CO 4.4 05/15/2028 4.64% 33,000.00 0.00 33,000.00 0.00
Coupon 11/15/2025 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.61% 2,958.08 0.00 2,958.08 0.00
Coupon 11/15/2025 44935XAD7 0.00 HART 2025-B A3 4.36
12/17/2029 4.36% 2,125.50 0.00 2,125.50 0.00
Coupon 11/15/2025 92970QAJ4 0.00 WFCIT 2025-1 A 4.34
05/15/2030 4.33% 4,376.17 0.00 4,376.17 0.00
37 | 18
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 11/15/2025 02582JKP4 0.00 AMXCA 2025-2 A 4.28
04/15/2030 4.28% 4,476.17 0.00 4,476.17 0.00
Coupon 11/15/2025 58769GAD5 0.00 MBALT 2024-B A3 4.23
02/15/2028 4.24% 1,921.13 0.00 1,921.13 0.00
Coupon 11/15/2025 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 4.23% 2,361.75 0.00 2,361.75 0.00
Coupon 11/15/2025 9128283F5 0.00 UNITED STATES TREASURY

2.25 11/15/2027 4.05% 15,750.00 0.00 15,750.00 0.00
Coupon 11/15/2025 912828M56 0.00 UNITED STATES TREASURY

2.25 11/15/2025 3.11% 28,125.00 0.00 28,125.00 0.00
Coupon 11/16/2025 362549AD9 0.00 GMCAR 2025-2 A3 4.28
04/16/2030 4.28% 1,319.67 0.00 1,319.67 0.00
Coupon 11/16/2025 36265WAD5 0.00 GMCAR 2022-3 A3 3.64
04/16/2027 3.64% 84.49 0.00 84.49 0.00
Coupon 11/17/2025 3130AXU63 0.00 FEDERAL HOME LOAN
BANKS 4.625 11/17/2026 4.53% 40,468.75 0.00 40,468.75 0.00 Coupon 11/18/2025 43815PAC3 0.00 HAROT 2022-2 A3 3.73
07/20/2026 3.73% 18.80 0.00 18.80 0.00
Coupon 11/20/2025 379929AD4 0.00 GMALT 2023-3 A3 5.38
11/20/2026 5.38% 93.56 0.00 93.56 0.00
Coupon 11/20/2025 36269FAD8 0.00 GMALT 2024-1 A3 5.09
03/22/2027 5.09% 1,369.87 0.00
1,369.87 0.00
Coupon 11/20/2025 3133ERFJ5 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.5 05/20/2027

4.69% 22,500.00 0.00 22,500.00 0.00
Coupon 11/20/2025 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.58% 2,690.75 0.00 2,690.75 0.00
Coupon 11/20/2025 92348KDY6 0.00 VZMT 2025-3 A1A 4.51
03/20/2030 4.51% 3,946.25 0.00 3,946.25 0.00
Coupon 11/25/2025 05611UAD5 0.00 BMWLT 2024-1 A3 4.98
03/25/2027 5.19% 3,118.95 0.00 3,118.95 0.00
Coupon 11/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 2,590.00 0.00 2,590.00 0.00
38 | 19
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 11/25/2025 05594HAD5 0.00 BMWLT 2025-2 A3 3.97
09/25/2028 3.97% 3,528.89 0.00 3,528.89 0.00
Coupon 11/30/2025 91282CFY2 0.00 UNITED STATES TREASURY

3.875 11/30/2029 4.06% 58,125.00 0.00 58,125.00 0.00
Total Coupon 0.00 514,959.48 0.00 514,959.48 0.00
Custody Fee 11/26/2025 CCYUSD (1,000.00) Cash 0.00% (1,000.00) 0.00 (1,000.00) 0.00 Total Custody Fee (1,000.00) (1,000.00) 0.00 (1,000.00) 0.00 Dividend 11/30/2025 31846V567 0.00 FIRST AMER:GVT OBLG Z 3.90% 1,808.89 0.00 1,808.89 0.00 Total Dividend 0.00 1,808.89 0.00 1,808.89 0.00
Principal Paydown 11/01/2025 3137BTUM1 1,799.91 FHMS K-061 A2 3.347 11/25/2026 4.23% 1,799.91 -- 1,799.91 64.61
Principal Paydown 11/01/2025 3137FBU79 2,074.97 FHMS K-069 A2 3.187 09/25/2027 4.13% 2,074.97 -- 2,074.97 81.78
Principal Paydown 11/15/2025 437918AC9 76,725.38 HAROT 2024-1 A3 5.21 08/15/2028 5.21% 76,725.38 -- 76,725.38 3.33
Principal Paydown 11/16/2025 36265WAD5 14,486.24 GMCAR 2022-3 A3 3.64 04/16/2027 3.64% 14,486.24 -- 14,486.24 0.10
Principal Paydown 11/18/2025 43815PAC3 6,047.00 HAROT 2022-2 A3 3.73 07/20/2026 3.73% 6,047.00 -- 6,047.00 0.36
Principal Paydown 11/20/2025 379929AD4 20,869.31
GMALT 2023-3 A3 5.38
11/20/2026 5.38% 20,869.31 -- 20,869.31 2.51
Principal Paydown 11/20/2025 36269FAD8 56,421.37 GMALT 2024-1 A3 5.09 03/22/2027 5.09% 56,421.37 -- 56,421.37 7.05
Principal Paydown 11/25/2025 05611UAD5 104,608.03 BMWLT 2024-1 A3 4.98 03/25/2027 5.19% 104,608.03 -- 104,608.03 555.73
Total Principal
Paydown 283,032.21 283,032.21 -- 283,032.21 715.47

TOTAL OTHER
TRANSACTIONS 282,032.21 798,800.58 0.00 798,800.58 715.47 39 | 20
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH & EQUIVALENTS
31846V567 FIRST AMER:GVT OBLG Z
78,512.25
343,701.74
740,526.62
(1,005,716.11)
78,512.25

0.00 3,026.21

0.00 0.00

0.00 3,026.21
3,026.21
CCYUSD Receivable
59,933.89
3,026.21

0.00 0.00
59,933.89

0.00 0.00

0.00 Total Cash & Equivalents 138,446.14
346,727.95
740,526.62
(1,005,716.11)
138,446.14

0.00 3,026.21

0.00 0.00

0.00 3,026.21 3,026.21

FIXED INCOME
00440EAV9 CHUBB INA HOLDINGS LLC

3.35 05/03/2026
09/13/2023
09/15/2023
1,000,000.00
954,220.00

0.00 0.00
954,220.00
16,563.89
16,750.00
2,605.56
2,791.67

0.00 0.00

0.00 2,791.67
2,791.67
009158AY2

AIR PRODUCTS AND
CHEMICALS INC 1.85
05/15/2027
02/09/2024
02/13/2024
1,500,000.00
1,371,945.00

0.00 0.00
1,371,945.00
12,795.83
13,875.00
1,233.33
2,312.50

0.00 0.00

0.00 2,312.50
2,312.50
023135BC9 AMAZON.COM INC 3.15
08/22/2027
07/30/2024
07/30/2024
1,000,000.00
960,450.00

0.00 0.00
960,450.00
6,037.50

0.00 8,662.50
2,625.00

0.00 0.00

0.00 2,625.00
2,625.00
023135CN4 AMAZON.COM INC 4.6
12/01/2025
11/29/2022
12/01/2022
425,000.00
424,974.50

0.00 0.00
424,974.50
8,145.83

0.00 9,775.00
1,629.17

0.00 0.00

0.00 1,629.17
1,629.17
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029
04/16/2024
04/23/2024
640,000.00
639,868.80

0.00 0.00
639,868.80
1,487.64
2,789.33
1,487.64
2,789.33

0.00 0.00

0.00 2,789.33
2,789.33
40 | 21
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
02582JKP4 AMXCA 2025-2 A 4.28
04/15/2030
05/06/2025
05/13/2025
1,255,000.00
1,254,977.28

0.00 0.00
1,254,977.28
2,387.29
4,476.17
2,387.29
4,476.17

0.00 0.00

0.00 4,476.17
4,476.17
037833BY5 APPLE INC 3.25 02/23/2026
02/22/2023
02/28/2023
1,000,000.00
959,390.00

0.00 0.00
959,390.00
6,138.89

0.00 8,847.22
2,708.33

0.00 0.00

0.00 2,708.33
2,708.33
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028
10/08/2025
10/15/2025
800,000.00
799,997.76

0.00 0.00
799,997.76
1,411.56
3,528.89
529.33
2,646.67

0.00 0.00

0.00 2,646.67
2,646.67
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027
06/20/2024
06/21/2024
646,946.58
747,561.98

0.00 (104,052.30)
643,509.68
623.79
3,118.95
536.97
3,032.13

0.00 0.00

0.00 3,032.13
3,032.13
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029
01/24/2025
01/27/2025
1,500,000.00
1,501,860.00

0.00 0.00
1,501,860.00
19,599.00

0.00 25,854.00
6,255.00

0.00 0.00

0.00 6,255.00
6,255.00
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026
09/13/2023
09/15/2023
1,000,000.00
998,810.00

0.00 0.00
998,810.00
11,205.50

0.00 15,810.50
4,605.00

0.00 0.00

0.00 4,605.00
4,605.00
09290DAH4 BLACKROCK INC 4.6
07/26/2027
07/18/2024
07/26/2024
750,000.00
750,645.00

0.00 0.00
750,645.00
9,104.17

0.00 11,979.17
2,875.00

0.00 0.00

0.00 2,875.00
2,875.00
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
600,000.00
599,908.86

0.00 0.00
599,908.86
518.00
2,590.00
518.00
2,590.00

0.00 0.00

0.00 2,590.00
2,590.00
14913UBD1

CATERPILLAR FINANCIAL
SERVICES CORP 3.95
11/14/2028
11/26/2025
11/28/2025
1,000,000.00

0.00 1,003,180.00

0.00 (1,536.11)
1,865.28
329.17

0.00 0.00

0.00 329.17
329.17
41 | 22
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,320,000.00
1,319,634.10

0.00 0.00
1,319,634.10
3,027.20
5,676.00
3,027.20
5,676.00

0.00 0.00

0.00 5,676.00
5,676.00
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027
02/29/2024
03/04/2024
1,500,000.00
1,500,810.00

0.00 0.00
1,500,810.00
13,000.00

0.00 19,000.00
6,000.00

0.00 0.00

0.00 6,000.00
6,000.00
24422EXF1 JOHN DEERE CAPITAL CORP

4.5 01/08/2027
01/10/2024
01/17/2024
1,000,000.00
999,460.00

0.00 0.00
999,460.00
14,125.00

0.00 17,875.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
24422EXZ7 JOHN DEERE CAPITAL CORP

4.65 01/07/2028
01/06/2025
01/09/2025
700,000.00
699,790.00

0.00 0.00
699,790.00
10,307.50

0.00 13,020.00
2,712.50

0.00 0.00

0.00 2,712.50
2,712.50
26444HAE1 DUKE ENERGY FLORIDA LLC

3.8 07/15/2028
06/04/2025
06/05/2025
1,000,000.00
985,120.00

0.00 0.00
985,120.00
11,188.89

0.00 14,355.56
3,166.67

0.00 0.00

0.00 3,166.67
3,166.67
3130ATS57 FEDERAL HOME LOAN BANKS

4.5 03/10/2028
03/24/2025
03/25/2025
3,000,000.00
3,039,480.00

0.00 0.00
3,039,480.00
19,125.00

0.00 30,375.00
11,250.00

0.00 0.00

0.00 11,250.00
11,250.00
3130AVVX7 FEDERAL HOME LOAN BANKS

3.75 06/09/2028
06/07/2023
06/09/2023
1,120,000.00
1,107,243.20

0.00 0.00
1,107,243.20
16,566.67

0.00 20,066.67
3,500.00

0.00 0.00

0.00 3,500.00
3,500.00
3130AWC24 FEDERAL HOME LOAN BANKS

4.0 06/09/2028
07/06/2023
07/10/2023
2,000,000.00
1,956,940.00

0.00 0.00
1,956,940.00
31,555.56

0.00 38,222.22
6,666.67

0.00 0.00

0.00 6,666.67
6,666.67
3130AWLZ1 FEDERAL HOME LOAN BANKS

4.75 06/12/2026
08/16/2023
08/17/2023
2,000,000.00
1,998,620.00

0.00 0.00
1,998,620.00
36,680.56

0.00 44,597.22
7,916.67

0.00 0.00

0.00 7,916.67
7,916.67
42 | 23
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

4.625 09/11/2026 4,500,000.00
4,476,030.00

0.00 0.00
4,476,030.00
28,906.25

0.00 46,250.00
17,343.75

0.00 0.00

0.00 17,343.75
17,343.75
3130AXU63 FEDERAL HOME LOAN BANKS

4.625 11/17/2026
11/30/2023
12/01/2023
1,750,000.00
1,754,427.50

0.00 0.00
1,754,427.50
36,871.53
40,468.75
3,147.57
6,744.79

0.00 0.00

0.00 6,744.79
6,744.79
3130AYPN0 FEDERAL HOME LOAN BANKS

4.125 01/15/2027
01/30/2024
01/31/2024
2,000,000.00
1,995,560.00

0.00 0.00
1,995,560.00
24,291.67

0.00 31,166.67
6,875.00

0.00 0.00

0.00 6,875.00
6,875.00
3130B0TY5 FEDERAL HOME LOAN BANKS

4.75 04/09/2027
04/10/2024
04/15/2024
1,500,000.00
1,496,115.00

0.00 0.00
1,496,115.00
4,354.17

0.00 10,291.67
5,937.50

0.00 0.00

0.00 5,937.50
5,937.50
3133EP6K6

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/26/2027
04/08/2024
04/09/2024
1,000,000.00
995,520.00

0.00 0.00
995,520.00
4,375.00

0.00 8,125.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3133EPSW6

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
08/14/2026
08/09/2023
08/14/2023
2,405,000.00
2,399,468.50

0.00 0.00
2,399,468.50
23,148.13

0.00 32,166.88
9,018.75

0.00 0.00

0.00 9,018.75
9,018.75
3133EPW68

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.125
01/22/2026
01/24/2024
01/25/2024
1,400,000.00
1,392,860.00

0.00 0.00
1,392,860.00
15,881.25

0.00 20,693.75
4,812.50

0.00 0.00

0.00 4,812.50
4,812.50
3133EPWK7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
09/22/2028
10/12/2023
10/16/2023
2,000,000.00
1,981,460.00

0.00 0.00
1,981,460.00
9,750.00

0.00 17,250.00
7,500.00

0.00 0.00

0.00 7,500.00
7,500.00
3133EPZY4

FEDERAL FARM CREDIT
BANKS FUNDING CORP 5.0
07/30/2026
11/09/2023
11/10/2023
2,000,000.00
2,007,480.00

0.00 0.00
2,007,480.00
25,277.78

0.00 33,611.11
8,333.33

0.00 0.00

0.00 8,333.33
8,333.33
43 | 24
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
05/08/2026
05/20/2024
05/21/2024
1,000,000.00
997,690.00

0.00 0.00
997,690.00
22,826.39
23,750.00
3,034.72
3,958.33

0.00 0.00

0.00 3,958.33
3,958.33
3133ERFJ5

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
05/20/2027
05/20/2024
05/21/2024
1,000,000.00
994,830.00

0.00 0.00
994,830.00
20,125.00
22,500.00
1,375.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3137BSP72 FHMS K-058 A2 2.653
08/25/2026
02/09/2023
02/14/2023
2,000,000.00
1,890,546.88

0.00 0.00
1,890,546.88
4,421.67
4,421.67
4,421.67
4,421.67

0.00 0.00

0.00 4,421.67
4,421.67
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026
09/22/2022
09/27/2022
859,386.58
830,271.25

0.00 (1,735.30)
828,535.95
2,401.99
2,401.99
2,396.97
2,396.97

0.00 0.00

0.00 2,396.97
2,396.97
3137BVZ82 FHMS K-063 A2 3.43
01/25/2027 862,000.00
839,600.51

0.00 0.00
839,600.51
2,463.88
2,463.88
2,463.88
2,463.88

0.00 0.00

0.00 2,463.88
2,463.88
3137F1G44 FHMS K-065 A2 3.243
04/25/2027
09/19/2022
09/22/2022
1,000,000.00
965,468.75

0.00 0.00
965,468.75
2,702.50
2,702.50
2,702.50
2,702.50

0.00 0.00

0.00 2,702.50
2,702.50
3137F4X72 FHMS K-075 A2 3.65
02/25/2028
09/14/2023
09/19/2023
1,165,000.00
1,107,478.13

0.00 0.00
1,107,478.13
3,543.54
3,543.54
3,543.54
3,543.54

0.00 0.00

0.00 3,543.54
3,543.54
3137FBU79 FHMS K-069 A2 3.187
09/25/2027
05/18/2023
05/23/2023
1,216,136.65
1,170,196.96

0.00 (1,993.19)
1,168,203.77
3,235.37
3,235.37
3,229.86
3,229.86

0.00 0.00

0.00 3,229.86
3,229.86
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
05/28/2024
05/31/2024
1,250,000.00
1,197,265.63

0.00 0.00
1,197,265.63
4,062.50
4,062.50
4,062.50
4,062.50

0.00 0.00

0.00 4,062.50
4,062.50
44 | 25
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137FK4M5 FHMS K-085 A2 4.06
10/25/2028
05/07/2025
05/12/2025
2,000,000.00
1,990,703.13

0.00 0.00
1,990,703.13
6,766.67
6,766.67
6,766.67
6,766.67

0.00 0.00

0.00 6,766.67
6,766.67
3137FLMV3 FHMS K-090 A2 3.422
02/25/2029
03/27/2025
03/31/2025
2,000,000.00
1,932,500.00

0.00 0.00
1,932,500.00
5,703.33
5,703.33
5,703.33
5,703.33

0.00 0.00

0.00 5,703.33
5,703.33
3137H5YC5 FHMS K-748 A2 2.26
01/25/2029
08/19/2024
08/22/2024
1,500,000.00
1,385,332.03

0.00 0.00
1,385,332.03
2,825.00
2,825.00
2,825.00
2,825.00

0.00 0.00

0.00 2,825.00
2,825.00
3137HA4B9 FHMS K-751 A2 4.412
03/25/2030
03/26/2025
03/31/2025
2,000,000.00
1,997,890.63

0.00 0.00
1,997,890.63
7,353.33
7,353.33
7,353.33
7,353.33

0.00 0.00

0.00 7,353.33
7,353.33
341081GN1 FLORIDA POWER & LIGHT CO

4.4 05/15/2028
05/22/2023
05/24/2023
1,500,000.00
1,484,025.00

0.00 0.00
1,484,025.00
30,433.33
33,000.00
2,933.33
5,500.00

0.00 0.00

0.00 5,500.00
5,500.00
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030
05/06/2025
05/14/2025
370,000.00
369,945.54

0.00 0.00
369,945.54
659.83
1,319.67
659.83
1,319.67

0.00 0.00

0.00 1,319.67
1,319.67
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027
07/06/2022
07/13/2022
13,367.26
27,853.30

0.00 (14,486.14)
13,367.16

42.24 84.49

20.27 62.52

0.00 0.00

0.00 62.52

62.52 36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027
02/08/2024
02/15/2024
266,534.11
322,915.11

0.00 (56,414.32)
266,500.79
502.29
1,369.87
414.53
1,282.12

0.00 0.00

0.00 1,282.12
1,282.12
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028
05/20/2025
05/29/2025
705,000.00
704,988.30

0.00 0.00
704,988.30
986.61
2,690.75
986.61
2,690.75

0.00 0.00

0.00 2,690.75
2,690.75
45 | 26
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026
08/08/2023
08/16/2023

0.00 20,866.80

0.00 (20,866.80)

0.00 34.31

93.56 0.00

59.25 0.00

0.00 0.00

59.25 59.25
437076DB5 HOME DEPOT INC 4.875
06/25/2027 06/25/2024
740,000.00
738,545.60

0.00 0.00
738,545.60
12,626.25

0.00 15,632.50
3,006.25

0.00 0.00

0.00 3,006.25
3,006.25
437076DH2 HOME DEPOT INC 3.75
09/15/2028
09/08/2025
09/15/2025
570,000.00
569,629.50

0.00 0.00
569,629.50
2,731.25

0.00 4,512.50
1,781.25

0.00 0.00

0.00 1,781.25
1,781.25
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028
02/13/2024
02/21/2024
1,086,262.46
1,162,937.26

0.00 (76,722.05)
1,086,215.21
2,692.96
5,049.30
2,515.30
4,871.64

0.00 0.00

0.00 4,871.64
4,871.64
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026
08/15/2022
08/24/2022

0.00 6,046.64

0.00 (6,046.64)

0.00 8.15

18.80 0.00

10.66 0.00

0.00 0.00

10.66 10.66
44935XAD7 HART 2025-B A3 4.36
12/17/2029
06/03/2025
06/11/2025
585,000.00
584,947.18

0.00 0.00
584,947.18
1,133.60
2,125.50
1,133.60
2,125.50

0.00 0.00

0.00 2,125.50
2,125.50
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
500,000.00
483,115.00

0.00 0.00
483,115.00
5,298.61

0.00 6,756.94
1,458.33

0.00 0.00

0.00 1,458.33
1,458.33
459058LT8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.625 05/05/2028
04/29/2025
05/06/2025
1,335,000.00
1,332,036.30

0.00 0.00
1,332,036.30
23,524.74
24,056.70
3,495.10
4,027.06

0.00 0.00

0.00 4,027.06
4,027.06
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
670,000.00
669,957.86

0.00 0.00
669,957.86
1,259.60
2,361.75
1,259.60
2,361.75

0.00 0.00

0.00 2,361.75
2,361.75
46 | 27
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47800RAD5 JDOT 2024 A3 4.96
11/15/2028
03/11/2024
03/19/2024
335,000.00
334,981.24

0.00 0.00
334,981.24
738.49
1,384.67
738.49
1,384.67

0.00 0.00

0.00 1,384.67
1,384.67
48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026 12/08/2023
1,575,000.00
1,576,460.00

0.00 0.00
1,576,460.00
31,969.44

0.00 38,676.31
6,706.88

0.00 0.00

0.00 6,706.88
6,706.88
532457CP1 ELI LILLY AND CO 4.15
08/14/2027
08/22/2024
08/23/2024
1,250,000.00
1,251,637.50

0.00 0.00
1,251,637.50
11,095.49

0.00 15,418.40
4,322.92

0.00 0.00

0.00 4,322.92
4,322.92
57629TBW6 MASSMUTUAL GLOBAL
FUNDING II 4.45 03/27/2028
03/20/2025
03/27/2025
1,340,000.00
1,338,405.40

0.00 0.00
1,338,405.40
5,631.72

0.00 10,600.89
4,969.17

0.00 0.00

0.00 4,969.17
4,969.17
57629W6F2 MASSMUTUAL GLOBAL
FUNDING II 4.5 04/10/2026
04/04/2023
04/12/2023
750,000.00
749,482.50

0.00 0.00
749,482.50
1,968.75

0.00 4,781.25
2,812.50

0.00 0.00

0.00 2,812.50
2,812.50
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029
05/14/2025
05/21/2025
770,000.00
769,906.14

0.00 0.00
769,906.14
1,577.64
2,958.08
1,577.64
2,958.08

0.00 0.00

0.00 2,958.08
2,958.08
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028
09/17/2024
09/25/2024
545,000.00
544,908.28

0.00 0.00
544,908.28
1,024.60
1,921.13
1,024.60
1,921.13

0.00 0.00

0.00 1,921.13
1,921.13
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028
05/17/2024
05/23/2024
350,000.00
349,959.05

0.00 0.00
349,959.05
827.56
1,551.67
827.56
1,551.67

0.00 0.00

0.00 1,551.67
1,551.67
58989V2F0 MET TOWER GLOBAL
FUNDING 5.4 06/20/2026
06/12/2023
06/20/2023
1,000,000.00
1,000,440.00

0.00 0.00
1,000,440.00
19,650.00

0.00 24,150.00
4,500.00

0.00 0.00

0.00 4,500.00
4,500.00
47 | 28
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
61748UAK8 MORGAN STANLEY 4.133
10/18/2029
10/17/2025
10/22/2025
580,000.00
580,000.00

0.00 0.00
580,000.00
599.29

0.00 2,596.90
1,997.62

0.00 0.00

0.00 1,997.62
1,997.62
63743HFW7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

4.75 02/07/2028
06/17/2025
06/18/2025
1,500,000.00
1,512,345.00

0.00 0.00
1,512,345.00
16,625.00

0.00 22,562.50
5,937.50

0.00 0.00

0.00 5,937.50
5,937.50
64952WCX9 NEW YORK LIFE GLOBAL
FUNDING 3.0 01/10/2028
08/26/2025
08/27/2025
1,000,000.00
976,720.00

0.00 0.00
976,720.00
9,250.00

0.00 11,750.00
2,500.00

0.00 0.00

0.00 2,500.00
2,500.00
64952WFJ7 NEW YORK LIFE GLOBAL
FUNDING 3.9 10/01/2027
09/25/2024
10/01/2024
1,000,000.00
999,820.00

0.00 0.00
999,820.00
3,250.00

0.00 6,500.00
3,250.00

0.00 0.00

0.00 3,250.00
3,250.00
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027
09/14/2022
09/16/2022
1,000,000.00
990,460.00

0.00 0.00
990,460.00
19,000.00
20,000.00
2,333.33
3,333.33

0.00 0.00

0.00 3,333.33
3,333.33
66815L2X6

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.125
08/25/2028
08/25/2025
08/26/2025
1,000,000.00
1,002,660.00

0.00 0.00
1,002,660.00
7,562.50

0.00 11,000.00
3,437.50

0.00 0.00

0.00 3,437.50
3,437.50
69371RS56 PACCAR FINANCIAL CORP

5.05 08/10/2026 1,450,000.00
1,451,925.00

0.00 0.00
1,451,925.00
16,475.63

0.00 22,577.71
6,102.08

0.00 0.00

0.00 6,102.08
6,102.08
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
510,000.00
509,862.30

0.00 0.00
509,862.30
12,415.31
13,068.75
1,524.69
2,178.13

0.00 0.00

0.00 2,178.13
2,178.13
713448GL6 PEPSICO INC 4.1 01/15/2029
07/24/2025
07/25/2025
1,000,000.00
997,190.00

0.00 0.00
997,190.00
11,161.11

0.00 14,577.78
3,416.67

0.00 0.00

0.00 3,416.67
3,416.67
48 | 29
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
06/22/2023
06/26/2023
750,000.00
715,005.00

0.00 0.00
715,005.00
13,875.00
13,875.00
2,312.50
2,312.50

0.00 0.00

0.00 2,312.50
2,312.50
74456QBX3

PUBLIC SERVICE ELECTRIC
AND GAS CO 3.65
09/01/2028
07/24/2025
07/25/2025
1,000,000.00
983,400.00

0.00 0.00
983,400.00
6,083.33

0.00 9,125.00
3,041.67

0.00 0.00

0.00 3,041.67
3,041.67
78016HZT0 ROYAL BANK OF CANADA

4.875 01/19/2027
01/10/2024
01/19/2024
1,245,000.00
1,244,688.75

0.00 0.00
1,244,688.75
17,196.56

0.00 22,254.38
5,057.81

0.00 0.00

0.00 5,057.81
5,057.81
857477CL5 STATE STREET CORP 4.993
03/18/2027
03/13/2024
03/18/2024
1,210,000.00
1,210,000.00

0.00 0.00
1,210,000.00
7,216.27

0.00 12,250.88
5,034.61

0.00 0.00

0.00 5,034.61
5,034.61
87612EBU9 TARGET CORP 4.35
06/15/2028
06/05/2025
06/10/2025
570,000.00
569,994.30

0.00 0.00
569,994.30
9,711.38

0.00 11,777.63
2,066.25

0.00 0.00

0.00 2,066.25
2,066.25
89236TKJ3 TOYOTA MOTOR CREDIT
CORP 4.55 09/20/2027
06/20/2024
06/21/2024
1,000,000.00
989,900.00

0.00 0.00
989,900.00
5,181.94

0.00 8,973.61
3,791.67

0.00 0.00

0.00 3,791.67
3,791.67
90331HPS6
US BANK NA 4.73 05/15/2028
05/12/2025
05/15/2025
1,330,000.00
1,330,000.00

0.00 0.00
1,330,000.00
29,008.04
31,454.50
2,795.96
5,242.42

0.00 0.00

0.00 5,242.42
5,242.42
9128283F5 UNITED STATES TREASURY

2.25 11/15/2027
06/07/2023
06/09/2023
1,400,000.00
1,298,937.50

0.00 0.00
1,298,937.50
14,551.63
15,750.00
1,392.27
2,590.63

0.00 0.00

0.00 2,590.63
2,590.63
9128283W8 UNITED STATES TREASURY

2.75 02/15/2028
09/27/2024
09/30/2024
2,750,000.00
2,684,257.81

0.00 0.00
2,684,257.81
16,029.21

0.00 22,194.29
6,165.08

0.00 0.00

0.00 6,165.08
6,165.08
49 | 30
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

2.875 08/15/2028
11/12/2024
11/15/2024
2,500,000.00
2,374,804.69

0.00 0.00
2,374,804.69
15,234.38

0.00 21,093.75
5,859.38

0.00 0.00

0.00 5,859.38
5,859.38
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
04/22/2024
04/23/2024
2,000,000.00
1,870,625.00

0.00 0.00
1,870,625.00
28,872.28
31,250.00
2,762.43
5,140.15

0.00 0.00

0.00 5,140.15
5,140.15
9128285T3 UNITED STATES TREASURY

2.625 12/31/2025
09/14/2022
09/15/2022
2,500,000.00
2,412,792.97

0.00 0.00
2,412,792.97
22,112.77

0.00 27,462.64
5,349.86

0.00 0.00

0.00 5,349.86
5,349.86
9128286L9 UNITED STATES TREASURY

2.25 03/31/2026
09/14/2022
09/15/2022
2,500,000.00
2,377,832.03

0.00 0.00
2,377,832.03
4,945.05

0.00 9,581.04
4,635.99

0.00 0.00

0.00 4,635.99
4,635.99
912828M56 UNITED STATES TREASURY

2.25 11/15/2025
06/23/2022
06/24/2022

0.00 2,431,152.34

0.00 (2,431,152.34)

0.00 25,985.05
28,125.00

0.00 2,139.95

0.00 0.00

0.00 2,139.95
2,139.95
912828U24 UNITED STATES TREASURY 2.0
11/15/2026
09/13/2023
09/14/2023
3,000,000.00
2,767,031.25

0.00 0.00
2,767,031.25
27,717.39
30,000.00
2,651.93
4,934.54

0.00 0.00

0.00 4,934.54
4,934.54
912828YX2 UNITED STATES TREASURY

1.75 12/31/2026
12/27/2023
12/28/2023
1,750,000.00
1,641,240.23

0.00 0.00
1,641,240.23
10,319.29

0.00 12,815.90
2,496.60

0.00 0.00

0.00 2,496.60
2,496.60
91282CDF5 UNITED STATES TREASURY

1.375 10/31/2028
09/16/2025
09/17/2025
2,500,000.00
2,344,433.59

0.00 0.00
2,344,433.59

94.96 0.00
2,943.72
2,848.76

0.00 0.00

0.00 2,848.76
2,848.76
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
11/17/2022
11/18/2022
2,500,000.00
2,349,414.06

0.00 0.00
2,349,414.06
5,494.51

0.00 10,645.60
5,151.10

0.00 0.00

0.00 5,151.10
5,151.10
50 | 31
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

2.875 04/30/2029
10/30/2025
10/31/2025
2,750,000.00
2,681,787.11

0.00 0.00
2,681,787.11
218.40

0.00 6,770.55
6,552.14

0.00 0.00

0.00 6,552.14
6,552.14
91282CEW7 UNITED STATES TREASURY

3.25 06/30/2027
12/12/2022
12/13/2022
1,300,000.00
1,266,687.50

0.00 0.00
1,266,687.50
14,236.41

0.00 17,680.71
3,444.29

0.00 0.00

0.00 3,444.29
3,444.29
91282CFB2 UNITED STATES TREASURY

2.75 07/31/2027
07/26/2023
07/27/2023
2,000,000.00
1,887,109.38

0.00 0.00
1,887,109.38
13,899.46

0.00 18,383.15
4,483.70

0.00 0.00

0.00 4,483.70
4,483.70
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027
01/24/2023
01/25/2023
2,500,000.00
2,445,117.19

0.00 0.00
2,445,117.19
13,380.52

0.00 19,854.97
6,474.45

0.00 0.00

0.00 6,474.45
6,474.45
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
12/17/2024
12/20/2024
2,750,000.00
2,618,730.47

0.00 0.00
2,618,730.47
14,718.58

0.00 21,840.47
7,121.89

0.00 0.00

0.00 7,121.89
7,121.89
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
02/22/2023
02/28/2023
1,600,000.00
1,595,500.00

0.00 0.00
1,595,500.00
5,802.20

0.00 11,241.76
5,439.56

0.00 0.00

0.00 5,439.56
5,439.56
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
02/12/2025
02/14/2025
1,700,000.00
1,665,203.13

0.00 0.00
1,665,203.13
187.85

0.00 5,823.20
5,635.36

0.00 0.00

0.00 5,635.36
5,635.36
91282CFY2 UNITED STATES TREASURY

3.875 11/30/2029
03/24/2025
03/25/2025
3,000,000.00
2,976,679.69

0.00 0.00
2,976,679.69
48,913.93

0.00 319.37
(48,594.57)

0.00 0.00

0.00 (48,594.57)
(48,594.57)
91282CGB1 UNITED STATES TREASURY

3.875 12/31/2029
07/30/2025
07/31/2025
3,000,000.00
2,995,312.50

0.00 0.00
2,995,312.50
39,171.20

0.00 48,648.10
9,476.90

0.00 0.00

0.00 9,476.90
9,476.90
51 | 32
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028
11/26/2024
11/27/2024
1,500,000.00
1,467,070.31

0.00 0.00
1,467,070.31
13,267.66

0.00 17,547.55
4,279.89

0.00 0.00

0.00 4,279.89
4,279.89
91282CGV7 UNITED STATES TREASURY

3.75 04/15/2026
03/20/2024
03/21/2024
2,000,000.00
1,965,703.13

0.00 0.00
1,965,703.13
3,502.75

0.00 9,684.07
6,181.32

0.00 0.00

0.00 6,181.32
6,181.32
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
01/30/2025
01/31/2025
2,250,000.00
2,244,726.56

0.00 0.00
2,244,726.56
16,377.76

0.00 24,302.49
7,924.72

0.00 0.00

0.00 7,924.72
7,924.72
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
10/29/2024
10/31/2024
2,000,000.00
1,991,093.75

0.00 0.00
1,991,093.75
20,217.39

0.00 26,739.13
6,521.74

0.00 0.00

0.00 6,521.74
6,521.74
91282CNY3 UNITED STATES TREASURY

3.375 09/15/2028
09/29/2025
09/30/2025
3,000,000.00
2,978,203.13

0.00 0.00
2,978,203.13
13,145.72

0.00 21,536.60
8,390.88

0.00 0.00

0.00 8,390.88
8,390.88
91282CPC9 UNITED STATES TREASURY 3.5
10/15/2028
11/10/2025
11/17/2025
2,500,000.00

0.00 2,494,433.59

0.00 (7,932.69)
11,298.08
3,365.39

0.00 0.00

0.00 3,365.39
3,365.39
91324PDE9 UNITEDHEALTH GROUP INC

2.95 10/15/2027
07/30/2024
07/31/2024
1,250,000.00
1,189,300.00

0.00 0.00
1,189,300.00
1,638.89

0.00 4,711.81
3,072.92

0.00 0.00

0.00 3,072.92
3,072.92
92348KDY6 VZMT 2025-3 A1A 4.51
03/20/2030
03/25/2025
03/31/2025
1,050,000.00
1,049,954.85

0.00 0.00
1,049,954.85
1,446.96
3,946.25
1,446.96
3,946.25

0.00 0.00

0.00 3,946.25
3,946.25
92970QAJ4 WFCIT 2025-1 A 4.34
05/15/2030
06/03/2025
06/10/2025
1,210,000.00
1,209,979.91

0.00 0.00
1,209,979.91
2,333.96
4,376.17
2,333.96
4,376.17

0.00 0.00

0.00 4,376.17
4,376.17
52 | 33
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
Total Fixed Income 156,325,633.64
152,609,041.32
3,497,613.59
(2,713,469.08)
153,393,185.83
1,247,727.17
447,365.68
1,231,946.88
431,585.39

0.00 0.00

0.00 431,585.39 431,585.39
TOTAL PORTFOLIO 156,464,079.77
152,955,769.27
4,238,140.21
(3,719,185.19)
153,531,631.97
1,247,727.17
450,391.89
1,231,946.88
434,611.60

0.00 0.00

0.00 434,611.60 434,611.60
53 | 34
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount DECEMBER 2025
12/01/2025 Coupon 91282CFY2 0.00 UNITED STATES TREASURY 3.875 11/30/2029 58,125.00 58,125.00 12/01/2025 Dividend 31846V567 0.00 FIRST AMER:GVT OBLG Z 1,808.89 1,808.89 12/01/2025 Coupon 023135CN4 0.00 AMAZON.COM INC 4.6 12/01/2025 9,775.00 9,775.00 12/01/2025 Maturity 023135CN4 (425,000.00) AMAZON.COM INC 4.6 12/01/2025 425,000.00 425,000.00 12/08/2025 Coupon 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 40,241.25 40,241.25 12/09/2025 Coupon 3130AVVX7 1,120,000.00 FEDERAL HOME LOAN BANKS 3.75 06/09/2028 21,000.00 21,000.00 12/09/2025 Coupon 3130AWC24 2,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/09/2028 40,000.00 40,000.00 12/12/2025 Coupon 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 47,500.00 47,500.00 12/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 12/15/2025 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 12/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 12/15/2025 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 4,749.91 4,749.91 12/15/2025 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 65,628.76 65,628.76 12/15/2025 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 12/15/2025 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 12/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 12/15/2025 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 12/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 12/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 12/15/2025 Coupon 87612EBU9 570,000.00 TARGET CORP 4.35 06/15/2028 12,741.88 12,741.88 12/15/2025 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 12/16/2025 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 12/16/2025 Coupon 36265WAD5 13,367.26 GMCAR 2022-3 A3 3.64 04/16/2027 72.13 72.13 12/16/2025 Principal Paydown 36265WAD5 13,367.26 GMCAR 2022-3 A3 3.64 04/16/2027 11,867.00 11,867.00 12/22/2025 Coupon 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 1,142.23 1,142.23 12/22/2025 Principal Paydown 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 45,091.47 45,091.47 12/22/2025 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 12/22/2025 Coupon 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 27,000.00 27,000.00 12/22/2025 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 12/25/2025 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 12/25/2025 Coupon 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 2,684.83 2,684.83 54 | 35
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2025 Principal Paydown 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 72,217.47 72,217.47 12/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 12/25/2025 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 3,569.05 3,569.05 12/25/2025 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 1,906.77 1,906.77 12/25/2025 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,208.34 2,208.34 12/26/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 12/26/2025 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,396.97 2,396.97 12/26/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.89 2,463.89 12/26/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 12/26/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 12/26/2025 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,229.86 3,229.86 12/26/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 12/26/2025 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 12/26/2025 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 12/26/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 12/26/2025 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 12/26/2025 Coupon 437076DB5 740,000.00 HOME DEPOT INC 4.875 06/25/2027 18,037.50 18,037.50 12/31/2025 Coupon 9128285T3 2,500,000.00 UNITED STATES TREASURY 2.625 12/31/2025 32,812.50 32,812.50 12/31/2025 Final Maturity 9128285T3 2,500,000.00 UNITED STATES TREASURY 2.625 12/31/2025 2,500,000.00 2,500,000.00 12/31/2025 Coupon 912828YX2 1,750,000.00 UNITED STATES TREASURY 1.75 12/31/2026 15,312.50 15,312.50 12/31/2025 Coupon 91282CEW7 1,300,000.00 UNITED STATES TREASURY 3.25 06/30/2027 21,125.00 21,125.00 12/31/2025 Coupon 91282CGB1 3,000,000.00 UNITED STATES TREASURY 3.875 12/31/2029 58,125.00 58,125.00 December 2025
Total 3,129,297.75 498,727.97 3,628,025.72
JANUARY 2026
01/07/2026 Coupon 24422EXZ7 700,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 16,275.00 16,275.00 01/08/2026 Coupon 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 22,500.00 22,500.00 01/12/2026 Coupon 459058KT9 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 8,750.00 8,750.00
01/12/2026 Coupon 64952WCX9 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.0 01/10/2028 15,000.00 15,000.00
01/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 55 | 36
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 01/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 01/15/2026 Coupon 26444HAE1 1,000,000.00 DUKE ENERGY FLORIDA LLC 3.8 07/15/2028 19,000.00 19,000.00 01/15/2026 Coupon 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 41,250.00 41,250.00
01/15/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 4,464.97 4,464.97 01/15/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 64,385.73 64,385.73 01/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 01/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 01/15/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 01/15/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 25,307.14 25,307.14 01/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 01/15/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 01/15/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 20,774.00 20,774.00 01/15/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 01/15/2026 Coupon 713448GL6 1,000,000.00 PEPSICO INC 4.1 01/15/2029 19,588.89 19,588.89 01/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 01/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 01/16/2026 Coupon 36265WAD5 13,367.26 GMCAR 2022-3 A3 3.64 04/16/2027 36.14 36.14 01/16/2026 Principal Paydown 36265WAD5 13,367.26 GMCAR 2022-3 A3 3.64 04/16/2027 11,640.84 11,640.84 01/20/2026 Coupon 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 950.97 950.97 01/20/2026 Principal Paydown 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 45,956.14 45,956.14 01/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 01/20/2026 Coupon 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 30,346.88 30,346.88 01/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 01/22/2026 Coupon 3133EPW68 1,400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.125 01/22/2026 28,875.00 28,875.00
01/22/2026 Final Maturity 3133EPW68 1,400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.125 01/22/2026 1,400,000.00 1,400,000.00
01/26/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 01/26/2026 Coupon 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 2,385.13 2,385.13 01/26/2026 Principal Paydown 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 134,574.04 134,574.04 56 | 37
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/26/2026 Coupon 09290DAH4 750,000.00 BLACKROCK INC 4.6 07/26/2027 17,250.00 17,250.00 01/26/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,574.59 2,574.59 01/26/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 33,028.33 33,028.33 01/26/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 01/26/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,391.65 2,391.65 01/26/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 1,808.37 1,808.37 01/26/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 01/26/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 01/26/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 01/26/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,224.00 3,224.00 01/26/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,079.51 2,079.51 01/26/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 01/26/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 01/26/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 01/26/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 01/26/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 01/27/2026 Coupon 06368MJG0 1,500,000.00 BANK OF MONTREAL 5.004 01/27/2029 37,530.00 37,530.00 01/30/2026 Coupon 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 50,000.00 50,000.00
January 2026 Total 1,739,554.10 402,459.62 2,142,013.71 FEBRUARY 2026
02/02/2026 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 02/02/2026 Coupon 91282CGH8 1,500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 26,250.00 26,250.00 02/02/2026 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 02/09/2026 Coupon 63743HFW7 1,500,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.75 02/07/2028 35,625.00 35,625.00
02/10/2026 Coupon 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 36,612.50 36,612.50 02/16/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 02/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 02/16/2026 Coupon 36265WAD5 13,367.26 GMCAR 2022-3 A3 3.64 04/16/2027 0.83 0.83 02/16/2026 Effective Maturity 36265WAD5 13,367.26 GMCAR 2022-3 A3 3.64 04/16/2027 272.88 272.88 02/16/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 4,185.43 4,185.43 57 | 38
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/16/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 63,627.22 63,627.22 02/16/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 02/16/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 02/16/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,280.06 1,280.06 02/16/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 20,286.72 20,286.72 02/16/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 02/16/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,847.90 1,847.90 02/16/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 43,917.68 43,917.68 02/16/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 02/16/2026 Principal Paydown 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 14,243.40 14,243.40 02/17/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 02/17/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 02/17/2026 Coupon 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 54,112.50 54,112.50
02/17/2026 Coupon 532457CP1 1,250,000.00 ELI LILLY AND CO 4.15 08/14/2027 25,937.50 25,937.50 02/17/2026 Coupon 9128283W8 2,750,000.00 UNITED STATES TREASURY 2.75 02/15/2028 37,812.50 37,812.50 02/17/2026 Coupon 9128284V9 2,500,000.00 UNITED STATES TREASURY 2.875 08/15/2028 35,937.50 35,937.50 02/17/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 02/18/2026 Coupon 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 27,630.00 27,630.00 02/20/2026 Coupon 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 756.04 756.04 02/20/2026 Principal Paydown 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 48,523.86 48,523.86 02/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 02/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 02/23/2026 Coupon 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 15,750.00 15,750.00 02/23/2026 Coupon 037833BY5 1,000,000.00 APPLE INC 3.25 02/23/2026 16,250.00 16,250.00 02/23/2026 Final Maturity 037833BY5 1,000,000.00 APPLE INC 3.25 02/23/2026 1,000,000.00 1,000,000.00 02/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 02/25/2026 Coupon 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 1,826.64 1,826.64 02/25/2026 Principal Paydown 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 106,559.92 106,559.92 02/25/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,432.02 2,432.02 02/25/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 32,613.22 32,613.22 02/25/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 58 | 39
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,386.61 2,386.61 02/25/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 1,812.43 1,812.43 02/25/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 02/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 02/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 02/25/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,218.48 3,218.48 02/25/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,083.21 2,083.21 02/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 02/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 02/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 02/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 02/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 02/25/2026 Coupon 66815L2X6 1,000,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.125 08/25/2028 20,625.00 20,625.00
02/26/2026 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 36,000.00 36,000.00 February 2026
Total 1,333,940.54 530,737.12 1,864,677.66
MARCH 2026
03/02/2026 Coupon 74456QBX3 1,000,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.65 09/01/2028 18,250.00 18,250.00
03/02/2026 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 03/02/2026 Coupon 91282CFJ5 2,750,000.00 UNITED STATES TREASURY 3.125 08/31/2029 42,968.75 42,968.75
03/02/2026 Coupon 91282CKD2 2,250,000.00 UNITED STATES TREASURY 4.25 02/28/2029 47,812.50 47,812.50 03/10/2026 Coupon 3130ATS57 3,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 67,500.00 67,500.00 03/11/2026 Coupon 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 104,062.50 104,062.50
03/16/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 03/16/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 03/16/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 03/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 03/16/2026 Coupon 437076DH2 570,000.00 HOME DEPOT INC 3.75 09/15/2028 10,687.50 10,687.50 03/16/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 3,909.18 3,909.1859 | 40
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/16/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 61,682.69 61,682.69 03/16/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 03/16/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 03/16/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,196.21 1,196.21 03/16/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 14,161.97 14,161.97 03/16/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 03/16/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,693.09 1,693.09 03/16/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 45,682.84 45,682.84 03/16/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,488.70 1,488.70 03/16/2026 Principal Paydown 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 23,997.25 23,997.25 03/16/2026 Coupon 91282CNY3 3,000,000.00 UNITED STATES TREASURY 3.375 09/15/2028 50,625.00 50,625.00 03/16/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 03/18/2026 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 03/20/2026 Coupon 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 550.22 550.22 03/20/2026 Principal Paydown 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 52,045.14 52,045.14 03/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 03/20/2026 Coupon 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 22,750.00 22,750.00 03/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 03/23/2026 Coupon 3133EPWK7 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 45,000.00 45,000.00
03/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 03/25/2026 Coupon 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 1,384.42 1,384.42 03/25/2026 Principal Paydown 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 108,646.11 108,646.11 03/25/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,291.24 2,291.24 03/25/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 31,791.15 31,791.15 03/25/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 03/25/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,381.56 2,381.56 03/25/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,122.02 2,122.02 03/25/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 03/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 03/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 03/25/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,212.94 3,212.94 60 | 41
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/25/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,481.83 2,481.83 03/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 03/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 03/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 03/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 03/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 03/26/2026 Coupon 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/26/2027 22,500.00 22,500.00
03/27/2026 Coupon 57629TBW6 1,340,000.00 MASSMUTUAL GLOBAL FUNDING II 4.45 03/27/2028 29,815.00 29,815.00
03/31/2026 Coupon 9128286L9 2,500,000.00 UNITED STATES TREASURY 2.25 03/31/2026 28,125.00 28,125.00 03/31/2026 Final Maturity 9128286L9 2,500,000.00 UNITED STATES TREASURY 2.25 03/31/2026 2,500,000.00 2,500,000.00 03/31/2026 Coupon 91282CEF4 2,500,000.00 UNITED STATES TREASURY 2.5 03/31/2027 31,250.00 31,250.00 03/31/2026 Coupon 91282CFM8 1,600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 33,000.00 33,000.00 March 2026 Total 2,842,611.01 716,932.72 3,559,543.73
APRIL 2026
04/01/2026 Coupon 64952WFJ7 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.9 10/01/2027 19,500.00 19,500.00
04/09/2026 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,625.00 35,625.00 04/10/2026 Coupon 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 16,875.00 16,875.00
04/10/2026 Final Maturity 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 750,000.00 750,000.00
04/15/2026 Coupon 02582JKH2 640,000.00
AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33
04/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 04/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 04/15/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 3,641.38 3,641.38 04/15/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 63,645.55 63,645.55 04/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 04/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 04/15/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,137.68 1,137.68 04/15/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 17,546.79 17,546.79 04/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 61 | 42
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,532.05 1,532.05 04/15/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 52,943.56 52,943.56 04/15/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,382.31 1,382.31 04/15/2026 Principal Paydown 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 26,764.23 26,764.23 04/15/2026 Coupon 91282CGV7 2,000,000.00 UNITED STATES TREASURY 3.75 04/15/2026 37,500.00 37,500.00 04/15/2026 Final Maturity 91282CGV7 2,000,000.00 UNITED STATES TREASURY 3.75 04/15/2026 2,000,000.00 2,000,000.00 04/15/2026 Coupon 91282CPC9 2,500,000.00 UNITED STATES TREASURY 3.5 10/15/2028 43,750.00 43,750.00 04/15/2026 Coupon 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 18,437.50 18,437.50 04/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 04/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 04/20/2026 Coupon 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 329.46 329.46 04/20/2026 Principal Paydown 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 56,427.53 56,427.53 04/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 04/20/2026 Coupon 61748UAK8 580,000.00 MORGAN STANLEY 4.133 10/18/2029 11,719.35 11,719.35 04/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 04/27/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 04/27/2026 Coupon 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 933.54 933.54 04/27/2026 Principal Paydown 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 119,227.98 119,227.98 04/27/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,154.01 2,154.01 04/27/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 31,883.72 31,883.72 04/27/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 04/27/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,375.64 2,375.64 04/27/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 1,821.59 1,821.59 04/27/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 04/27/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 04/27/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 04/27/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,206.35 3,206.35 04/27/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,091.94 2,091.94 04/27/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 04/27/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 04/27/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 04/27/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 62 | 43
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/27/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 04/30/2026 Coupon 91282CDF5 2,500,000.00 UNITED STATES TREASURY 1.375 10/31/2028 17,187.50 17,187.50 04/30/2026 Coupon 91282CEM9 2,750,000.00 UNITED STATES TREASURY 2.875 04/30/2029 39,531.25 39,531.25 04/30/2026 Coupon 91282CFT3 1,700,000.00 UNITED STATES TREASURY 4.0 10/31/2029 34,000.00 34,000.00 April 2026 Total 3,122,352.91 366,026.78 3,488,379.69
MAY 2026
05/01/2026 Coupon 74456QBU9 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 13,875.00 13,875.00
05/04/2026 Coupon 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 16,750.00 16,750.00 05/04/2026 Final Maturity 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 1,000,000.00 1,000,000.00 05/05/2026 Coupon 459058LT8 1,335,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.625 05/05/2028 24,196.88 24,196.88
05/08/2026 Coupon 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 23,750.00 23,750.00
05/08/2026 Final Maturity 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 1,000,000.00 1,000,000.00
05/11/2026 Coupon 665859AW4 1,000,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 20,000.00 20,000.00 05/11/2026 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 13,068.75 13,068.75 05/14/2026 Coupon 14913UBD1 1,000,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.95 11/14/2028 19,750.00 19,750.00
05/15/2026 Coupon 009158AY2 1,500,000.00 AIR PRODUCTS AND CHEMICALS INC 1.85 05/15/2027 13,875.00 13,875.00
05/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 05/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 05/15/2026 Coupon 161571HT4
1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 05/15/2026 Coupon 341081GN1 1,500,000.00 FLORIDA POWER & LIGHT CO 4.4 05/15/2028 33,000.00 33,000.00 05/15/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 3,365.05 3,365.05 05/15/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 61,179.93 61,179.93 05/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 05/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 05/15/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,065.15 1,065.15 05/15/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 16,917.98 16,917.98 05/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 63 | 44
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,345.43 1,345.43 05/15/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 45,036.16 45,036.16 05/15/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,263.66 1,263.66 05/15/2026 Principal Paydown 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 27,140.60 27,140.60 05/15/2026 Coupon 90331HPS6 1,330,000.00 US BANK NA 4.73 05/15/2028 31,454.50 31,454.50 05/15/2026 Coupon 9128283F5 1,400,000.00 UNITED STATES TREASURY 2.25 11/15/2027 15,750.00 15,750.00 05/15/2026 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/15/2026 Coupon 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 30,000.00 30,000.00 05/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 05/18/2026 Coupon 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 40,468.75 40,468.75
05/18/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 05/20/2026 Coupon 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 22,500.00 22,500.00
05/20/2026 Coupon 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 90.11 90.11 05/20/2026 Effective Maturity 36269FAD8 266,534.11 GMALT 2024-1 A3 5.09 03/22/2027 21,244.34 21,244.34 05/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 05/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 05/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 05/25/2026 Coupon 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 438.74 438.74
05/25/2026 Principal Paydown 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 99,614.29 99,614.29 05/25/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,016.38 2,016.38 05/25/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 30,713.67 30,713.67 05/25/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 05/25/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,370.56 2,370.56 05/25/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 1,926.84 1,926.84 05/25/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 05/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 05/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 05/25/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,200.80 3,200.80 05/25/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,226.33 2,226.33 05/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 64 | 45
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 05/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 05/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 05/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 May 2026 Total 2,306,000.12 440,053.51 2,746,053.63
JUNE 2026
06/01/2026 Coupon 91282CFY2 3,000,000.00 UNITED STATES TREASURY 3.875 11/30/2029 58,125.00 58,125.00 06/08/2026 Coupon 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 40,241.25 40,241.25 06/09/2026 Coupon 3130AVVX7 1,120,000.00 FEDERAL HOME LOAN BANKS 3.75 06/09/2028 21,000.00 21,000.00 06/09/2026 Coupon 3130AWC24 2,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/09/2028 40,000.00 40,000.00 06/12/2026 Coupon 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 47,500.00 47,500.00 06/12/2026 Final Maturity 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 2,000,000.00 2,000,000.00 06/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 06/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 06/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 06/15/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 3,099.43 3,099.43 06/15/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 60,001.21 60,001.21 06/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 06/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 06/15/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 995.22 995.22 06/15/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 15,271.36 15,271.36 06/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 06/15/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,186.68 1,186.68 06/15/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 42,484.75 42,484.75 06/15/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,143.34 1,143.34 06/15/2026 Principal Paydown 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 33,428.68 33,428.68 06/15/2026 Coupon 87612EBU9 570,000.00 TARGET CORP 4.35 06/15/2028 12,397.50 12,397.50 06/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 06/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 06/22/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 06/22/2026 Coupon 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 27,000.00 27,000.00 06/22/2026 Final Maturity 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 1,000,000.00 1,000,000.00 65 | 46
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/22/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 06/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 06/25/2026 Coupon 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 25.34 25.34 06/25/2026 Effective Maturity 05611UAD5 646,946.58 BMWLT 2024-1 A3 4.98 03/25/2027 6,106.77 6,106.77 06/25/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,883.80 1,883.80 06/25/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 30,248.08 30,248.08 06/25/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 06/25/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,365.18 2,365.18 06/25/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 1,830.08 1,830.08 06/25/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 06/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 06/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 06/25/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,194.88 3,194.88 06/25/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,099.75 2,099.75 06/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 06/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 06/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 06/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 06/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 06/25/2026 Coupon 437076DB5 740,000.00 HOME DEPOT INC 4.875 06/25/2027 18,037.50 18,037.50 06/30/2026 Coupon 912828YX2 1,750,000.00 UNITED STATES TREASURY 1.75 12/31/2026 15,312.50 15,312.50 06/30/2026 Coupon 91282CEW7 1,300,000.00 UNITED STATES TREASURY 3.25 06/30/2027 21,125.00 21,125.00 06/30/2026 Coupon 91282CGB1 3,000,000.00 UNITED STATES TREASURY 3.875 12/31/2029 58,125.00 58,125.00 June 2026 Total 3,191,470.68 447,966.38 3,639,437.06
JULY 2026
07/07/2026 Coupon 24422EXZ7 700,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 16,275.00 16,275.00 07/08/2026 Coupon 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 22,500.00 22,500.00 07/10/2026 Coupon 64952WCX9 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.0 01/10/2028 15,000.00 15,000.00
07/13/2026 Coupon 459058KT9 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 8,750.00 8,750.00
07/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 66 | 47
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 07/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 07/15/2026 Coupon 26444HAE1 1,000,000.00 DUKE ENERGY FLORIDA LLC 3.8 07/15/2028 19,000.00 19,000.00 07/15/2026 Coupon 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 41,250.00 41,250.00
07/15/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 2,838.92 2,838.92 07/15/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 58,701.02 58,701.02 07/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 07/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 07/15/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 932.10 932.10 07/15/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 15,626.09 15,626.09 07/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 07/15/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,036.92 1,036.92 07/15/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 39,587.84 39,587.84 07/15/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 995.14 995.14 07/15/2026 Principal Paydown 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 31,167.43 31,167.43 07/15/2026 Coupon 713448GL6 1,000,000.00 PEPSICO INC 4.1 01/15/2029 20,500.00 20,500.00 07/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 07/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 07/20/2026 Coupon 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 23,025.00 23,025.00 07/20/2026 Effective Maturity 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 1,000,000.00 1,000,000.00 07/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 07/20/2026 Coupon 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 30,346.88 30,346.88 07/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 07/27/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 07/27/2026 Coupon 06368MJG0 1,500,000.00 BANK OF MONTREAL 5.004 01/27/2029 37,530.00 37,530.00 07/27/2026 Coupon 09290DAH4 750,000.00 BLACKROCK INC 4.6 07/26/2027 17,250.00 17,250.00 07/27/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,753.23 1,753.23 07/27/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 28,099.34 28,099.34 07/27/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 07/27/2026 Principal Paydown 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 977,175.93 977,175.93 07/27/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,360.08 2,360.08 67 | 48
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/27/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 1,934.67 1,934.67 07/27/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 07/27/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 07/27/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 07/27/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,189.31 3,189.31 07/27/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,233.22 2,233.22 07/27/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 07/27/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 07/27/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 07/27/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 07/27/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 07/30/2026 Coupon 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 50,000.00 50,000.00
07/30/2026 Final Maturity 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 2,000,000.00 2,000,000.00
07/31/2026 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 07/31/2026 Coupon 91282CGH8 1,500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 26,250.00 26,250.00 07/31/2026 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 July 2026 Total 4,154,525.54 483,491.32 4,638,016.86
AUGUST 2026
08/07/2026 Coupon 63743HFW7 1,500,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 4.75 02/07/2028 35,625.00
35,625.00
08/10/2026 Coupon 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 36,612.50 36,612.50 08/10/2026 Final Maturity 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 1,450,000.00 1,450,000.00 08/14/2026 Coupon 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 54,112.50 54,112.50
08/14/2026 Final Maturity 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 2,405,000.00 2,405,000.00
08/14/2026 Coupon 532457CP1 1,250,000.00 ELI LILLY AND CO 4.15 08/14/2027 25,937.50 25,937.50 08/17/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 08/17/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 08/17/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 08/17/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 68 | 49
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 2,584.06 2,584.06 08/17/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 57,019.33 57,019.33 08/17/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 08/17/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 08/17/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 867.51 867.51 08/17/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 16,080.33 16,080.33 08/17/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 08/17/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 897.37 897.37 08/17/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 37,744.64 37,744.64 08/17/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 856.96 856.96 08/17/2026 Principal Paydown 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 32,010.11 32,010.11 08/17/2026 Coupon 9128283W8 2,750,000.00 UNITED STATES TREASURY 2.75 02/15/2028 37,812.50 37,812.50 08/17/2026 Coupon 9128284V9 2,500,000.00 UNITED STATES TREASURY 2.875 08/15/2028 35,937.50 35,937.50 08/17/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 08/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 08/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 08/24/2026 Coupon 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 15,750.00 15,750.00 08/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 08/25/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,631.93 1,631.93 08/25/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 27,115.39 27,115.39 08/25/2026 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 2,261.29 2,261.29 08/25/2026 Final Maturity 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 1,022,824.07 1,022,824.07 08/25/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,354.68 2,354.68 08/25/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 54,951.32 54,951.32 08/25/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 08/25/2026 Principal Paydown 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 105,274.69 105,274.69 08/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 08/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 08/25/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,183.38 3,183.38 08/25/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,107.53 2,107.53 08/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 08/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 69 | 50
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 08/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 08/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 08/25/2026 Coupon 66815L2X6 1,000,000.00 NORTHWESTERN MUTUAL GLOBAL FUNDING

4.125 08/25/2028 20,625.00 20,625.00
08/26/2026 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 36,000.00 36,000.00 08/31/2026 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 08/31/2026 Coupon 91282CFJ5 2,750,000.00 UNITED STATES TREASURY 3.125 08/31/2029 42,968.75 42,968.75 08/31/2026 Coupon 91282CKD2 2,250,000.00 UNITED STATES TREASURY 4.25 02/28/2029 47,812.50 47,812.50 August 2026 Total 5,210,127.42 513,680.53 5,723,807.95
SEPTEMBER 2026
09/01/2026 Coupon 74456QBX3 1,000,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.65 09/01/2028 18,250.00 18,250.00
09/10/2026 Coupon 3130ATS57 3,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/10/2028 67,500.00 67,500.00 09/11/2026 Coupon 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 104,062.50 104,062.50
09/11/2026 Final Maturity 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 4,500,000.00 4,500,000.00
09/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 09/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 09/15/2026 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 09/15/2026 Effective Maturity 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,320,000.00 1,320,000.00 09/15/2026 Coupon 437076DH2 570,000.00 HOME DEPOT INC 3.75 09/15/2028 10,687.50 10,687.50
09/15/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 2,336.50 2,336.50 09/15/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 48,621.85 48,621.85 09/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 09/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 09/15/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 801.05 801.05 09/15/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 18,697.32 18,697.32 09/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 09/15/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 764.32 764.32 09/15/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 35,151.28 35,151.28 70 | 51
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 715.05 715.05 09/15/2026 Principal Paydown 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 35,117.51 35,117.51 09/15/2026 Coupon 91282CNY3 3,000,000.00 UNITED STATES TREASURY 3.375 09/15/2028 50,625.00 50,625.00 09/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 09/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 09/18/2026 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 09/21/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,690.75 2,690.75 09/21/2026 Principal Paydown 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 6,894.11 6,894.11 09/21/2026 Coupon 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 22,750.00 22,750.00 09/21/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 09/22/2026 Coupon 3133EPWK7 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 45,000.00 45,000.00
09/25/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 09/25/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,514.88 1,514.88 09/25/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 26,629.74 26,629.74 09/25/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 2,201.41 2,201.41 09/25/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 123,898.64 123,898.64 09/25/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,162.97 2,162.97 09/25/2026 Principal Paydown 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 1,750.98 1,750.98 09/25/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 09/25/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 09/25/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,177.78 3,177.78 09/25/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,111.19 2,111.19 09/25/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 09/25/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 09/25/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 09/25/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 09/25/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 09/28/2026 Coupon 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/26/2027 22,500.00 22,500.00
09/28/2026 Coupon 57629TBW6 1,340,000.00 MASSMUTUAL GLOBAL FUNDING II 4.45 03/27/2028 29,815.00 29,815.00
71 | 52
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/30/2026 Coupon 91282CEF4 2,500,000.00 UNITED STATES TREASURY 2.5 03/31/2027 31,250.00 31,250.00 09/30/2026 Coupon 91282CFM8 1,600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 33,000.00 33,000.00 September 2026
Total 6,118,872.61 547,644.83 6,666,517.44
OCTOBER 2026
10/01/2026 Coupon 64952WFJ7 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.9 10/01/2027 19,500.00 19,500.00
10/09/2026 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,625.00 35,625.00 10/13/2026 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 10,890.63 10,890.63 10/13/2026 Effective Maturity 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 510,000.00 510,000.00 10/15/2026 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 10/15/2026 Coupon 02582JKP4 1,255,000.00 AMXCA 2025-2 A 4.28 04/15/2030 4,476.17 4,476.17 10/15/2026 Coupon 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 2,125.40 2,125.40 10/15/2026 Principal Paydown 437918AC9 1,086,262.46 HAROT 2024-1 A3 5.21 08/15/2028 46,803.06 46,803.06 10/15/2026 Coupon 44935XAD7 585,000.00 HART 2025-B A3 4.36 12/17/2029 2,125.50 2,125.50 10/15/2026 Coupon 47800DAD6 670,000.00 JDOT 2025 A3 4.23 09/17/2029 2,361.75 2,361.75 10/15/2026 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 723.76 723.76 10/15/2026 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 17,229.08 17,229.08 10/15/2026 Coupon 58768YAD7 770,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,958.08 2,958.08 10/15/2026 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 640.41 640.41 10/15/2026 Principal Paydown 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 33,461.75 33,461.75 10/15/2026 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 559.36 559.36 10/15/2026 Principal Paydown 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 37,611.35 37,611.35 10/15/2026 Coupon 91282CPC9 2,500,000.00 UNITED STATES TREASURY 3.5 10/15/2028 43,750.00 43,750.00 10/15/2026 Coupon 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 18,437.50 18,437.50 10/15/2026 Coupon 92970QAJ4 1,210,000.00 WFCIT 2025-1 A 4.34 05/15/2030 4,376.17 4,376.17 10/16/2026 Coupon 362549AD9 370,000.00 GMCAR 2025-2 A3 4.28 04/16/2030 1,319.67 1,319.67 10/19/2026 Coupon 61748UAK8 580,000.00 MORGAN STANLEY 4.133 10/18/2029 11,985.70 11,985.70 10/20/2026 Coupon 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,664.44 2,664.44 10/20/2026 Principal Paydown 362962AD4 705,000.00 GMALT 2025-2 A3 4.58 05/22/2028 74,632.65 74,632.65 10/20/2026 Coupon 92348KDY6 1,050,000.00 VZMT 2025-3 A1A 4.51 03/20/2030 3,946.25 3,946.25 10/26/2026 Coupon 05594HAD5 800,000.00 BMWLT 2025-2 A3 3.97 09/25/2028 2,646.67 2,646.67 72 | 53
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 1,399.93 1,399.93 10/26/2026 Principal Paydown 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 24,371.51 24,371.51 10/26/2026 Coupon 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 1,855.84 1,855.84 10/26/2026 Principal Paydown 3137BTUM1 859,386.58 FHMS K-061 A2 3.347 11/25/2026 280,844.75 280,844.75 10/26/2026 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,157.97 2,157.97 10/26/2026 Principal Paydown 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 69,891.02 69,891.02 10/26/2026 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 10/26/2026 Principal Paydown 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 82,032.57 82,032.57 10/26/2026 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 10/26/2026 Coupon 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 3,172.17 3,172.17 10/26/2026 Principal Paydown 3137FBU79 1,216,136.65 FHMS K-069 A2 3.187 09/25/2027 2,243.27 2,243.27 10/26/2026 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 10/26/2026 Coupon 3137FK4M5 2,000,000.00 FHMS K-085 A2 4.06 10/25/2028 6,766.67 6,766.67 10/26/2026 Coupon 3137FLMV3 2,000,000.00 FHMS K-090 A2 3.422 02/25/2029 5,703.33 5,703.33 10/26/2026 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 10/26/2026 Coupon 3137HA4B9 2,000,000.00 FHMS K-751 A2 4.412 03/25/2030 7,353.33 7,353.33 October 2026 Total 1,179,121.01 215,444.57 1,394,565.58 Grand Total 620,828,150.15 34,327,873.69 5,163,165.34 39,491,039.03 73 | 54
Murrieta Consolidated | Account | As of November 30, 2025 Execution Time: 12/02/2025 03:39:26 PM

IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

NEITHER ICE DATA, ITS AFFILIATES OR THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY , ADEQUACY , ACCURACY , TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND LICENSEE’S USE IS AT LICENSEE’S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest. 74 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
December 16, 2025
LAIF Home
PMIA Average Monthly
Yields

CITY OF MURRIETA

FINANCE DIRECTOR
1 TOWNE SQUARE
MURRIETA, CA 92562
Tran Type Definitions

0.00 Beginning Balance: 2,043,673.26
Account Number:

November 2025 Statement
Account Summary
Total Deposit:

Total Withdrawal:

0.00 Ending Balance: 2,043,673.26
12/16/25, 7:50 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/175

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 11/01/2025 THROUGH 11/30/2025

FUNDS HELD ON COMPANY'S BEHALF IN THE OMNIBUS DEPOSIT ACCOUNT AT BANK ARE

DEPOSITS AND ARE ELIGIBLE FOR FDIC INSURANCE IN ACCORDANCE WITH FDIC RULES AND LIMITS. COMPANY'S MMMF SHARES HELD IN THE OMNIBUS INVESTMENT ACCOUNT IN

BANK'S NAME AT THE CUSTODIAN OF THE MMMF ARE NOT DEPOSITS AND ARE NOT ELIGIBLE FOR FDIC INSURANCE. COMPANY IS THE OWNER OF ITS MMMF SHARES.

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
11-01-2025 Beginning Balance 112,496,218.26
11-03-2025 Sweep Funds Return To DDA 252,853.29
11-04-2025 Sweep Funds Return To DDA 449,853.28
11-05-2025 Sweep Funds Return To DDA 495,654.14
11-06-2025 Sweep Funds Return To DDA 1,325,237.58
11-07-2025 Sweep Funds Return To DDA 233,326.96
11-10-2025 Sweep Funds Return To DDA 40,573.81
11-12-2025 Sweep Funds Return To DDA 778,711.27
11-13-2025 Sweep Funds Return To DDA 1,845,356.38
11-14-2025 Sweep Funds Return To DDA 111,962.06
11-17-2025 Sweep Funds Return To DDA 586,372.79
11-18-2025 Sweep Funds Return To DDA 3,421.19
11-19-2025 Sweep Funds Return To DDA 66,956.44
11-20-2025 Sweep Funds Return To DDA 204,941.50
11-21-2025 Sweep Funds Return To DDA 272,911.06
11-24-2025 Next Day Sweep Purchase 5,140,227.09
11-25-2025 Sweep Funds Return To DDA 589,926.97
11-26-2025 Sweep Funds Return To DDA 1,755,027.08
11-28-2025 Sweep Funds Return To DDA 33,374.89
11-30-2025 Ending Balance 108,589,984.66
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 11-01* 112,243,364.97 4.006 % .000109779 12,321.96
11-02* 112,243,364.97 4.006 % .000109779 12,321.96
11-03 112,243,364.97 3.993 % .000109399 12,279.31
11-04 111,793,511.69 3.940 % .000107968 12,070.12
11-05 111,297,857.55 3.880 % .000106324 11,833.63
11-06 109,972,619.97 3.869 % .000106001 11,657.21

Page 1 of 2 ends

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

FUND SUMMARY
Dividends Earned YTD 4,537,172.10
Federal Withholding YTD .00
7-Day Simple Yield 3.93547 %
Federal Withholding .00
Beginning Balance 112,496,218.26
Shares Purchased 5,140,227.09 +
Shares Redeemed 9,046,460.69 -
Ending Balance 108,589,984.66
Prior Month Dividends Paid to Checking 386,298.65
Dividends Earned in Current Month 348,552.49
Funds Pending Redemption 943,709.90-
76 STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 11-07 109,739,293.01 3.871 % .000106065 11,639.50
11-08* 109,698,719.20 3.871 % .000106065 11,635.19
11-09* 109,698,719.20 3.871 % .000106065 11,635.19
11-10 109,698,719.20 3.884 % .000106432 11,675.45
11-11* 108,920,007.93 3.884 % .000106432 11,592.57
11-12 108,920,007.93 3.890 % .000106597 11,610.55
11-13 107,074,651.55 3.900 % .000106870 11,443.07
11-14 106,962,689.49 3.890 % .000106592 11,401.37
11-15* 106,376,316.70 3.890 % .000106592 11,338.86
11-16* 106,376,316.70 3.890 % .000106592 11,338.86
11-17 106,376,316.70 3.898 % .000106818 11,362.91
11-18 106,372,895.51 3.881 % .000106353 11,313.08
11-19 106,305,939.07 3.862 % .000105817 11,248.98
11-20 106,100,997.57 3.850 % .000105496 11,193.23
11-21 105,828,086.51 3.865 % .000105917 11,208.99
11-22* 105,828,086.51 3.865 % .000105917 11,208.99
11-23* 105,828,086.51 3.865 % .000105917 11,208.99
11-24 110,968,313.60 3.881 % .000106340 11,800.37
11-25 110,378,386.63 3.898 % .000106802 11,788.63
11-26 108,623,359.55 3.915 % .000107274 11,652.46
11-27* 108,589,984.66 3.915 % .000107274 11,648.88
11-28 108,589,984.66 3.958 % .000108441 11,775.61
11-29* 107,646,274.76 3.958 % .000108441 11,673.27
11-30* 107,646,274.76 3.958 % .000108441 11,673.27
TOTAL MTD 348,552.46
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

An Investment in a MMMF is not insured by the Federal Deposit Insurance Corporation or any other government agency. Although the MMMF's seek to preserve the value of customer's investment at $1.00 per share, it is possible to lose money by investing in a MMMF.

Allspring Funds Management, LLC, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC ("Allspring Global"), provides investment advisory and administrative services for the Allspring Funds?. Other subsidiaries of Allspring Global provide sub-advisory and other services for the funds. The funds are distributed by Allspring Funds Distributor, LLC, Member FINRA/SIPC, a subsidiary of Allspring Global.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
11/01/2025 - 11/30/2025

Page 2 of 2 ends

Account Number - DDA
77 CITY OF MURRIETA
City Council Meeting Agenda
Report
1/20/2026
Agenda Item No. 4.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Brian Ambrose, Community Services Director
PREPARED BY: Gretchen Sedlacek, Assistant Management Analyst SUBJECT:

Award Contract to American Security Group for Murrieta Children’s Library Expansion Project Technology Work

RECOMMENDATION
Approve a Public Works Contract for the Murrieta Children’sLibrary Expansion Project between the City of Murrieta and Amergroup, Inc. dba American Security Group, in an amount not to exceed $295,959.55, plus 5% contingency;
Approve the exception to bidding requirement in accordance with Municipal Code Section 3.08.280(i); and Authorize the City Manager and/or designee to execute all necessary documents to facilitate the purchase and installation of the technology work.

PRIOR ACTION/VOTE
On December 17, 2019, the City Council adopted Resolution No. 19-4185, awarding a contract for the Closed- Circuit Television, Video Management System, and Access Control System Project at various City facilities (Vote: 5-0).

On June 3, 2025, the City Council awarded the contract for the Technology Retrofit at the Alderwood Clubhouse, approved the exception to bidding requirement in accordance with Municipal Code Section

3.08.280(i), and authorized the City Manager to execute all agreements (Vote: 5-0).

CITY COUNCIL GOAL
Coordinate and deliver responsive, effective community services.

DISCUSSION
The City of Murrieta (City) contracted with RC Construction Services, Inc., to construct the Murrieta Children's Library Expansion Project, and construction began in the first week of October 2025. The 4,500-square-foot expansion will include a multipurpose storytime room, a spacious area for book stacks, restrooms, staff offices, and storage. The plans also call for remodeling the existing children's library space to transform it into an CITY OF MURRIETA Printed on 1/15/2026Page 1 of 2
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78 1/20/2026
Agenda Item No. 4.
and storage. The plans also call for remodeling the existing children's library space to transform it into an engaging section for tweens. Lastly, the Carol Carson Garden of Verses outdoor space, located on the north end of the Library, will be expanded, and features will be added to activate the space for a variety of exciting, year-round programming.

A separate contract (Attachment No. 1) is required for low-voltage wiring and information technology-related services needed in the new and remodeled spaces. It includes installing low-voltage wiring and data cabling for key card access points, Wi-Fi access points, data connections for workstations, and security cameras. Staff recommends approval of a Public Works Contract with Amergroup, Inc. for this technology work.

In 2019, the City entered into an agreement with Amergroup, Inc. to design and install comprehensive video surveillance and access control systems similar to those found at City Hall, the Murrieta Public Library, and Murrieta Police Department facilities. This agreement followed all necessary bidding requirements.

In 2025, the City entered into another agreement with Amergroup, Inc. for similar systems at the Alderwood Clubhouse, to maintain system consistency across City properties. Staff recommended at that time that the City Council approve the exception to the bidding requirements and award the contract to Amergroup, Inc.

Murrieta Municipal Code Section 3.08.280(I) allows exceptions for the acquisition of information technology software and related services based on requirements and specific evaluation criteria established by the City, which result in the best value to the City. Staff recommends that the City Council approve the exception to the bidding requirements again for the technology work needed at the Library.

Amergroup, Inc. will warranty its installation to be free of defects in material and workmanship for a period of one year. After this period, ongoing maintenance will be incorporated into the City's existing annual maintenance agreement.

FISCAL IMPACT
The total fiscal impact of this contract is $295,959.55, plus 5% contingency. Sufficient funding is available within the approved budget in CIP 21027.

ATTACHMENTS
ATT 1 - Contract between City of Murrieta and Amergroup, Inc. dba American Security Group ATT 2 - Access Control, IP Video, PA and WAP Systems Proposal #1017610 CITY OF MURRIETA Printed on 1/15/2026Page 2 of 2
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79 For City Clerk Use Only

Contract No._________

PUBLIC WORKS CONSTRUCTION CONTRACT
WITH THE CITY OF MURRIETA (“CITY”)
Project Name/Description (“Project”): Children’s Area Library Expansion Technology Work Contractor Name (“Contractor”): Amergroup, Inc. dba American Security Group Contractor Business Type: Corporation
Contractor Address: P.O. Box 48, Vista, CA 92085
Contractor Representative Name and Title (“Contractor Representative”): Chase Keene, Account Executive
Contractor Representative Work Phone: (760) 727-4020
Contractor Representative Email: [email protected]
Contract Days: Until completion of the project, not to exceed term date.

Liquidated Damages Sum (per day): $500
Termination Date: October 31, 2026
Total Not-To-Exceed Contract Amount (“Contract Sum”): $295,959.55, plus 5% contingency City Department Contact (“Project Manager”): Michael Amado Department Contact Work Phone: (961) 461-6026
Department Contact Email: [email protected]
Is Federal Funding Being Used to Fund Any Part of The Project (Yes/No): No

80 RECITALS
The City desires to contract with a Contractor to provide services as more further set forth herein.

The Contractor is the sole -source of the equipment necessary to maintain system consistency throughout the City.

The City Council has approved an exception to normal bidding requirements.

Contractor submitted a quote for the services.

Scope of Work:

Access Control, IP Video, Public Address, & WAP Systems per Proposal No. 1017561 dated 10/22/2025 from American Security Group.

IP Video System:
- Installation of (11) IP cameras as specified on plans - Installation of server to support VMS
- Installation of UPS
- Installation of network switch
- Full system programming, commissioning, and end-user training on operation of system

Access Control System:
- Installation of access control panel
- Installation of (12) card readers as shown on plans
- Installation of electrified door hardware
- Installation of all necessary cabling for access control system - Installation of all necessary cable management throughout free air cable run spaces - Full system programming, commissioning, and end-user training on operation of system

Wireless Access Points:
- Installation of (16) WAP's
- Installation of all necessary cabling
- Installation of all necessary cable management throughout free air cable run spaces - Full system programming, commissioning, and end-user training on operation of system

PA System:
- Installation of (22) speakers
- Installation of amplifier
- Installation of all necessary cabling
- Installation of all necessary cable management throughout free air cable run spaces - Full system programming, commissioning, and end-user training on operation of system

81 Add Alt - PA System:
- Installation of (7) speakers
- Installation of all necessary cabling
- Installation of all necessary cable management throughout free air cable run spaces - Full system programming, commissioning, and end-user training on operation of system

Customer is responsible for providing the following:(where applicable) - 110 VAC power outlets
- Internet connection/IP address
- Client workstation PC or PC's
- P.O.T.S phone lines for alarm communications
- Access to work areas during work hours

82 This Contract, made and entered into effective on the date executed by the City, by and between the City of Murrieta, a municipal corporation, hereinafter referred to as " City," and the above- referenced Contractor.

The City and Contractor, for the consideration hereinafter named, mutually agree as follows:

1. SCOPE OF WORK.

1.1 The Contractor shall perform all of the work, furnish all labor, materials, equipment, tools, utility services, and transportation, and comply with all of the specifications and requirements in the Bid Documents for the above entitled Project. All such wor k shall be performed in a good and workmanlike manner, as reasonably determined by the City, and shall be performed in compliance with all local, state, and federal laws and regulations. As used herein, “Bid Documents” refers to all of the documents included in the solicitation of bids for the Project, including but not limited to, any Invitation for Bids, Instructions to Bidders, Bid or Bid Proposal, Contract Documents, Special Provisions, Technical Provisions, Construction Plans, Standard Plans, Drawings, Reference Specifications, all applicable permit requirements, any addenda, any applicable Project Labor Agreement, and any other documents included, referenced, or incorporated therein. The Bid Documents are incorporated into this Contract and made part hereof.

In the event of any conflict between the terms of the Bid Documents and this Contract, the terms of this Contract shall govern.

2. CONTRACT DOCUMENTS.

2.1 The provisions of the 2024 Edition of the Standard Specifications for Public Works Construction, as updated by errata, (“Greenbook”) are incorporated herein, except as explicitly modified by the Bid Documents or further herein. In the event of any conflict between the provisions of the Greenbook and this Contract, the terms of this Contract and the Exhibits attached hereto shall govern.

2.2 Copies of the Standard Specifications for Public Works Construction are available from the publisher:

Building News, Inc. (BNi)
990 Park Center Drive, Suite E Vista, CA 92081
(760) 734-1113
www.bnibooks.com

2.3 The aforementioned Standard Specifications will control the General Provisions, construction materials, and construction methods for this Contract except as amended by the Plans and Specifications of this Contract.

2.4 Where the Plans or Specifications describe portions of the work in general terms, but not in complete detail, it is understood that the item is to be furnished and installed completed and in place and that only the best general practice is to be used.

83 2.5 Unless otherwise specified, Contractor shall furnish all labor, materials, tools, equipment, and incidentals, and do all the work involved in executing the Contract.

2.6 The Contract Documents include this Contract, the Bid Documents, the Standard Specifications, any and all Exhibits thereto, all design documents, and contract change orders and all bonds and insurance documents. The Contract Documents are complementary, and what is called for by any one document shall be as binding as if called for by all. Any conflict between this Contract and any other Contract Document shall be resolved in favor of this Contract with the exception that any later amendments hereto or chan ge orders shall take precedence over this Contract.

3. CITY APPROVAL.

3.1 All labor, materials, tools, equipment, and services shall be furnished and work performed and completed under the direction and supervision and subject to the approval of City or its authorized representatives.

4. LICENSES, PERMITS FEES AND ASSESSMENTS

4.1 Contractor shall obtain at its sole cost and expense such licenses, permits, registrations, and approvals as may be required by law for the performance of the services required by this Contract. Contractor shall have the sole obligation to pay for any fees, assessments and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for the Contractor’s performance of the services required by this Contract, and shall indemnify, defend and hold harmless City, its officers, employees or agents of City, against any such fees, assessments, taxes, penalties or interest levied, assessed or imposed against City hereunder.

5. CONTRACT AMOUNT AND SCHEDULE.

5.1 City agrees to pay and Contractor agrees to receive and accept the prices set forth in the ir bid as full compensation for furnishing all materials, performing all work, and fulfilling all obligations hereunder. Said compensation shall cover all expenses, losses, damages, and consequences arising out of the nature of the work during its progress or prior to its acceptance, including those for well and faithfully completing the work and the whole thereof in the manner and time specified in the aforesaid contr act documents and also including those arising from actions of the elements, unforeseen difficulties or obstructions encountered in the prosecution of the work, suspension or discontinuance of the work, and all other unknowns or risks of any description connected with the work. The total of all payments made to Contractor shall not exceed the Contract Sum set forth above.

5.2 Contractor agrees to complete the work on the Project in a period not to exceed the Contract Days set forth above , commencing upon the date stated in the Notice to Proceed issued by City. Construction shall not commence until bonds and insurance are approved by City. Contract Days shall be computed as calendar days and not as working or business days.

Time is of the essence. If the work is not completed within said time period, liquidated damages shall apply. The term of this Agreement shall expire one (1) year following City’s acceptance of the Project.
84 6. PAYMENT AND INVOICING.

6.1 All invoices shall include a copy of Contractor’s Certified Payroll and proof that Certified Payroll has been submitted to the DIR. Contractor shall also submit a list of the prevailing wage rates (including federal prevailing wage rates, if applicable) for all employees and subcontractors providing services under this Contract, as applicable, with Contractor’s first invoice. If these rates change at any time during the term of the Contract, Contractor shall submit a new list of rates to the City with its f irst invoice following the effective date of the rate change.

Additionally, Contractor shall submit the following information with each monthly invoice: (1) an updated Project schedule reflecting all work completed and the percentage completion of all scheduled work; (2) the number of units completed for any work being performed on a unit price basis; (3) a report documenting all issues, concerns, and delays the Contractor’s method of addressing said concerns; (4) in the event Contractor is not meeting the approved Project schedule, a resource-loaded recovery schedule demonstrating how Contractor will meet the approved Project schedule; (5) a list of all deliverables in process and the status of each deliverable; (6) a list of any pending requests for information or clarification and change orders and the status of each item on the list; and (7) a log of all pending corrective work and/or warranty items identified by either Party and the status of such work and/or warranty items.

6.2 Payment.
a. Payments Made by City. City shall independently review each invoice submitted by the Contractor to determine whether the work performed and expenses incurred are in compliance with the provisions of this Contract. Except as to any charges for work performed or expenses incurred by Contractor which are disputed by City, City will cause Contractor to be paid any progress payment within thirty (30) days of receipt of Contractor’s correct and undisputed invoice; however, Contractor acknowledges and agrees that due to City warrant run procedures, the City cannot guarantee that payment will occur within this time period.

In the event that City does not cause Contractor to be paid any progress payment within thirty (30) days of receipt of an undisputed and properly submitted invoice and provided the Project is for construction, Contractor shall be entitled to the payment of interest to the extent allowed under Public Contract Code § 20104.50. In the event any charges or expenses are disputed by City, the original invoice shall be returned by City to Contractor, not later than seven (7) days after receipt by the City, for correction and resubmission. Returned invoices shall be accompanied by a document setting forth in writing the reasons why the payment request was r ejected. Review and payment by the City of any invoice provided by the Contractor shall not constitute a waiver of any rights or remedies provided herein or any applicable law.

6.3 Payments Made by Contractor to Subcontractors. In accordance with § 7108.5 of the California Business and Professions Code, Contractor shall remit payments owed to subcontractors within seven (7) calendar days after receiving payments by City if payments a re owed by Contractor to any subcontractor, unless otherwise agreed to in the applicable subcontract between Contractor and Subcontractor or unless otherwise authorized by California law, but in no event less than fifteen (15) calendar days for any Subcont ractor qualifying as a small business enterprise, and within thirty (30) calendar days if payments are owed by Contractor to any Subcontractor other than a small business enterprise.
85 6.4 Retention. Pursuant to § 9203 of the Public Contract Code, City will deduct a five percent (5%) retention from all progress payments, which shall be released to Contractor no later than sixty (60) days from completion of the work in accordance with § 7107 of the Public Contract Code. In the event of a dispute between City and Contractor, City may withhold from the final payment an amount not to exceed one hundred fifty percent (150%) of the disputed amount.

6.5 Waiver. Payment to Contractor for work performed pursuant to this Agreement shall not be deemed to waive any defects in work performed by Contractor.

7. ADDITIONAL WORK AND CHANGE ORDERS.

7.1 City shall have the right at any time during the performance of the services, without invalidating this Contract, to order extra work beyond that specified in the Scope of Work or make changes by altering, adding to or deducting from said work. No such extra work may be undertaken unless a written change order is first given by the City to the Contractor, incorporating therein any adjustment in (i) the Contract Sum, and/or (ii) the time to perform this Contract, which said adjustments are subject to the wri tten approval of the Contractor (“Change Order”). All Change Orders must be signed by the Contractor and City prior to commencing the extra work thereunder.

7.2 Any increase in compensation of up to the amount of contingency approved by the City Council at the time the Project was awarded to Contractor plus any additional subsequent contingency approved by the City Council, if any, taken either separately or cumulatively, or any increase in the time to perform of up to one hundred eighty (180) days and which are not detrimental to the Work or to the interest of the City, may be approved by the City Manager. Any greater increases, taken either separately or cumulatively, must be approved by the City Council.

7.3 Any adjustment in the Contract Sum for a Change Order must be in accordance with the unit prices or rates set forth in the Contractor’s Bid. If the rates in the Contractor’s Bid do not cover the type of work in the Change Order, the cost of such work shall not exceed an amount agreed upon in writing and signed by Contractor and City. If the cost of the Change Order cannot be agreed upon, the City will pay for actual work of the Change Order completed, to the satisfaction of the City, as follows:
a. Labor: The cost of labor shall be the actual cost for wages of workers and subcontractors performing the work for the Change Order at the time such work is performed. The use of labor classifications that would increase the cost of such work shall not be permitted. For purposes of this Section, wages shall include total compensation, including fringe benefits. For work that is self-performed by the Contractor, a markup not to exceed fifteen percent (15%) of the actual cost of labor for that portion of work is allowable. For work performed by a Subcontractor, a markup of fifteen percent (15%) of the actual cost of labor for work performed by the Subcontractor’s own forces is allowable, plus two and one-half percent (2.5%) thereon for Contractor markup regardless of which tier of Subcontractor actually performed the work. b. Materials and Equipment: The cost of materials and equipment shall be the actual cost to Contractor or the lowest current price which such materials and equipment 86 are reasonably available at the time the work is performed, whichever is lower. For purposes of this Section, Contractor may include a markup on the cost of materials and equipment of not more than fifteen percent (15%). Material re-stocking charges shall be limited to five percent (5%) and Contractor must provide evidence of any related charges from the supplier. For rental equipment, City will not pay Contractor for the use of tools and equipment that have a replacement value of $750 or less.
c. If the cost of the extra work cannot be agreed upon, the Contractor must provide a daily report that includes invoices for labor, materials and equipment costs for the work performed under the Change Order. The daily report must include: list of names of workers, classifications, and hours worked; description and list of quantities of materials used; type of equipment, size, identification number, and hours of operation, including loading and transportation, if applicable; description of other City authorized services and expenditures in such detail as the City may require. Failure to submit a daily report by the close of the next working day may, at the City’s sole and absolute discretion, waive the Contractor’s rights for that day.

7.4 It is expressly understood by Contractor that the provisions of this Section shall not apply to services specifically set forth in the Scope of Work. Contractor hereby acknowledges that it accepts the risk that the services to be provided pursuant to the Scope of Work may be more costly or time consuming than Contractor anticipates and that Contractor shall not be entitled to additional compensation therefor. City may in its sole and absolute discretion have similar work done by other contractors.

7.5 No claim for an increase in the Contract Sum or time for performance shall be valid unless the procedures established in this Section are followed.

7.6 Additional work shall not include work performed by any of the following:
a. Superintendent(s).
b. Assistant Superintendent(s).
c. Project Engineer(s).
d. Project Manager(s).
e. Scheduler(s).
f. Estimator(s)
g. Drafting or detailing
h. Small tools (with a replacement value under $500)
i. Home or field office expenses, including staff, materials, and supplies.
j. Trailer or storage rental and expenses, whether on the Site or off the Site.
87 k. Data processing personnel and equipment
l. Site fencing
m. Utilities, including, without limitation, gas, electric, sewer, water, telephones.
n. Telephone, facsimile, e-mail and copier.
o. Overhead, administrative, or general expenses of any kind. p. Loss of efficiency or productivity, or other impact costs caused by the effects of the Additional Work on the performance of other work or the work of other trades on the Project.
q. Capital expenses, including interest on capital employed in connection with Additional Work.
r. Legal costs.
s. Federal, State, or local income and franchise taxes. t. Profit.

7.7 The term “markup” shall be defined as including the full amount of compensation and expenses including overhead and profit not included in the actual allowable costs. For all Change Orders, unless a lump sum amount is approved by the City, Contractor shall submit an itemized breakdown of the Change Order costs with all markups clearly identified.

7.8 City may also, with or without cause, issue deductive Change Orders reducing or removing any portion of the Scope of Work, upon provision of notice to Contractor.

In the event the City desires to issue a deductive Change Order. Any adjustment in the Contra ct sum for a deductive Change Order shall be calculated in the same manner as a Change Order for Additional Work as set forth in this Section.

8. PAYMENTS/ACCEPTANCE OF WORK.

8.1 Any conflicting language in the Standard Specifications relating to payments and acceptance of work is hereby replaced with the following:
a. The closure date for the purpose of making partial progress payments will be the last day of each month. Contractor shall prepare the approximate measurement of the work performed through the closure date and submit it to City for approval by the tenth (10th) day of the following month. Payments will be withheld pending receipt of any outstanding reports required by the Contract Documents. A full five percent (5%) retention will be deducted from all progress payments. Partial p ayments on the Contract price shall not be considered as an acceptance of any part of the work.
88 b. Upon completion of the work, Contractor shall so notify the Project Manager, in writing, submit satisfactory evidence of payment for equipment, materials and labor, and submit the "Contractor’s Affidavit." Upon receipt of the notification, the Project Manager shall promptly, by personal inspection, determine the actual status of the work in accordance with the terms of the Contract. If he finds materials, equipment, or workmanship that do not meet the terms of the Contract, he shall prepare a preliminary punch list of such items and submit it to Contractor.

Final determination of acceptability shall be made by City. Upon acceptance of the work, City shall file a Notice of Completion. The conditions of the guarantee shall commence on the date that City files a Notice of Completion. City shall make final payment to Contractor in the manner provided by law following the expiration of thirty -five (35) days after filing the Notice of Completion.
c. The final payment shall include the entire sum found to be due hereunder after deducting all previous payments and such other lawful amounts as the terms of this Contract describe.

9. LIQUIDATED DAMAGES; EXTENSION OF TIME.

9.1 In accordance with Government Code Section 53069.85, Contractor agrees to forfeit and pay to City the Liquidated Damages Sum set forth above per day for each calendar day completion is delayed beyond the time allowed pursuant to Section 5 of this Contract. Such sum shall be deducted from any payments due to or to become due to Contractor.

9.2 The time period(s) specified for performance of the services rendered pursuant to this Contract shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of the Contractor, including, but not restricted to, acts of God or of the public enemy, unusually severe weather, fires, earthquake s, floods, epidemics, quarantine restrictions, riots, strikes, freight embargoes, wars, litigation, and/or acts of any governmental agency, including the City, i f the Contractor shall within ten (10) days of the commencement of such delay notify the Project Manager in writing of the causes of the delay. The Project Manager shall ascertain the facts and the extent of delay, and extend the time for performing the services for the period of the enforced delay when and if in the judgment of the Project Manager such delay is justified. The Project Manager’s determination shall be final and conclusive upon the Parties to this Agreement. In no event shall Contractor be entitled to recover damages against the City for any delay in the performance of this Agreement, however caused, Contractor’s sole remedy being extension of the Agreement pursuant to this Section.

10. WAIVER OF CLAIMS.

10.1 Unless a shorter time is specified elsewhere in this Contract, on or before making final request for payment, Contractor shall submit to City, in writing, all claims for compensation under or arising out of this Contract; the acceptance by Contractor of the final payment shall constitute a waiver of all claims against City under or arising out of this Contract except those previously made in writing and request for payment. Contractor shall be required to execute an affidavit, release, and indemnify agreement with each claim for payment.

11. PREVAILING WAGES.
89 11.1 Public Work. The Parties acknowledge that the work to be performed under this Contract is a “public work” as defined in Labor Code § 1720 and that this Contract is therefore subject to the requirements of Division 2, Part 7, Chapter 1 (commencing with § 1720) of the California Labor Code relating to public works contracts and the rules and regulations established by the Department of Industrial Relations (“DIR”) implementing such statutes. The work performed under this Contract is subject to compliance moni toring and enforcement by the DIR.

Contractor shall post job site notices, as prescribed by regulation.

11.2 Registration with DIR. Pursuant to Labor Code § 1771.1, Contractor and all subcontractors must be registered with, and pay an annual fee to, the DIR prior to and during the performance of any work under this Contract.

11.3 Prevailing Wages. Contractor shall pay prevailing wages to the extent required by Labor Code § 1771. Pursuant to Labor Code § 1773.2, copies of the prevailing rate of per diem wages are on file at City Hall and will be made available to any interested part y on request. By initiating any work under this Contract, Contractor acknowledges receipt of a copy of the DIR determination of the prevailing rate of per diem wages, and Contractor shall post a copy of the same at each job site where work is performed under this Contract. If this Contract is subject to the payment of federal prevailing wages under the Davis-Bacon Act (40 U.S.C. § 3141 et seq.), then Contractor shall pay the higher of either the state or federal prevailing wage applicable to each person employed on the Project.

11.4 Penalty for Failure to Pay Prevailing Wages. Contractor shall comply with and be bound by the provisions of Labor Code §§ 1774 and 1775 concerning the payment of prevailing rates of wages to workers and the penalties for failure to pay prevailing wages. Th e Contractor shall, as a penalty to the City, forfeit two hundred dollars ($200) for each calendar day, or portion thereof, for each worker paid less than the prevailing rates as determined by the DIR for the work or craft in which the worker is employed f or any public work done pursuant to this Contract by Contractor or by any subcontractor.

11.5 Payroll Records. Contractor shall comply with and be bound by the provisions of Labor Code § 1776, which requires Contractor and each subcontractor to: keep accurate payroll records and verify such records in writing under penalty of perjury, as specified in § 1776; certify and make such payroll records available for inspection as provided by § 1776; and inform the City of the location of the records.

11.6 Apprentices. Contractor shall comply with and be bound by the provisions of Labor Code §§ 1777.5, 1777.6, and 1777.7 and California Code of Regulations Title 8, §§ 200, et seq. concerning the employment of apprentices on public works projects. Contractor s hall be responsible for compliance with these aforementioned sections for all apprenticeable occupations.

Prior to commencing work under this Contract, Contractor shall provide City with a copy of the information submitted to any applicable apprenticeship program. Within sixty (60) days after concluding work pursuant to this Contract, Contractor and each of its subcontractors shall submit to the City a verified statement of the journeyman and apprentice hours performed under this Contract.

11.7 Eight-Hour Work Day. Contractor acknowledges that eight (8) hours labor constitutes a legal day’s work. Contractor shall comply with and be bound by Labor Code § 1810. 90 1.1 Penalties for Excess Hours. Contractor shall comply with and be bound by the provisions of Labor Code § 1813 concerning penalties for workers who work excess hours.

The Contractor shall, as a penalty to the City, forfeit twenty -five dollars ($25) for each worker employed in the performance of this Contract by the Contractor or by any subcontractor for each calendar day during which such worker is required or permitted to work more than eight (8) hours in any one calendar day and forty (40) hours in any one calendar week in violation of the provisions of Division 2, Part 7, Chapter 1, Article 3 of the Labor Code. Pursuant to Labor Code § 1815, work performed by employees of Contractor in excess of eight (8) hours per day, and forty (40) hours during any one week shall be permitted upon public work upon compensation for all hours worked in excess of 8 hours per day at not less than one and one-half (1½) times the basic rate of pay.

11.8 Contractor’s Responsibility for Subcontractors. For every subcontractor who will perform work under this Contract, Contractor shall be responsible for such subcontractor’s compliance with Division 2, Part 7, Chapter 1 (commencing with § 1720) of the California Labor Code, and shall make such compliance a requirement in any contract with any subcontractor for work und er this Contract. Contractor shall be required to take all actions necessary to enforce such contractual provisions and ensure subcontractor’s compliance, including without limitation, conducting a review of the certified payroll records of the subcontractor on a periodic basis or upon becoming aware of the failure of the subcontractor to pay his or her workers the specified prevailing rate of wages. Contractor shall diligently take corrective action to halt or rectify any such failure by any subcontractor.

12. WORKERS' COMPENSATION LIABILITY INSURANCE.

12.1 California Labor Code §§ 1860 and 3700 provide that every employer will be required to secure the payment of compensation to its employees if it has employees.

12.2 In accordance with the provisions of California Labor Code § 1861, Contractor certifies as follows:
“I am aware of the provisions of § 3700 of the Labor Code which require every employer to be insured against liability for workers’ compensation or to undertake self -insurance in accordance with the provisions of that code, and I will comply with such prov isions before commencing the performance of the work of this contract.”

13. INDEMNIFICATION.

13.1 All work covered by this Contract done at the site of construction or in preparing or delivering materials to the site shall be at the risk of Contractor alone.

13.2 Contractor shall indemnify, defend with legal counsel approved by City, and hold harmless City, its officers, officials, employees and volunteers (each, an “Indemnitee”) from and against all liability, loss, damage, expense, cost (including without limitation reasonable legal counsel fees, expert fees and all other costs and fees of litigation) of every nature arising out of or in connection with Contractor's performance of work under this Contract or its failure to comply with any of its obligations contained in this Contract, except such loss or damage which is caused by the sole or active negligence or willful misconduct of the City. Should conflict of interest principles preclude a single legal counsel from representing both City and Contractor, or should 91 City otherwise find Contractor’s legal counsel unacceptable, then Contractor shall reimburse the City its costs of defense, including without limitation reasonable legal counsels’ fees, expert fees and all other costs and fees of litigation. The Contractor shall promptly pay any final judgment rendered against the City (and its officers, officials, employees and volunteers) with respect to claims determined by a trier of fact to have been the result of the Contractor’s negligent, reckless or wrongful performance. It is expressly understood and agreed that the foregoing provisions are intended to be as broad and inclusive as is permitted by the law of the State of California and will survive termination of this Contract.

13.3 Contractor obligations under this Section apply regardless of whether or not such claim, charge, damage, demand, action, proceeding, loss, stop notice, cost, expense, judgment, civil fine or penalty, or liability was caused in part or contributed to by an Indemnitee.

However, without affecting the rights of City under any provision of this Contract, Contractor shall not be required to indemnify and hold harmless City for liability attributable to the active negligence of City, provided such active negligenc e is determined by agreement between the parties or by the findings of a court of competent jurisdiction. In instances where City is shown to have been actively negligent and where City’s active negligence accounts for only a percentage of the liability involved, the obligation of Contractor will be for that entire portion or percentage of liability not attributable to the active negligence of City.

13.4 City shall timely notify Contractor of the receipt of any third -party claim relating to the work under this Agreement. City shall be entitled to recover from Contractor its reasonable costs incurred in providing such notification.

14. INSURANCE.

14.1 Without limiting Contractor’s indemnification of City, and prior to commencement of any services under this Contract, Contractor shall obtain, provide and maintain at its own expense during the term of this Contract, policies of insurance of the type and amounts described in Exhibit “B” attached hereto and incorporated herein.

15. CONTRACTOR'S INDEPENDENT INVESTIGATION.

15.1 No plea of ignorance of conditions that exist or that may hereafter exist or of conditions of difficulties that may be encountered in the execution of the work under this Contract, as a result of failure to make the necessary independent examinations and investigations, and no plea of reliance on initial investigations or reports prepared by City for purposes of letting this Contract out to bid will be accepted as an excuse for any failure or omission on the part of Contractor to fulfill in every detail al l requirements of this Contract. Nor will such reasons be accepted as a basis for any claims whatsoever for extra compensation or for an extension of time.

15.2 By executing this Contract, Contractor warrants that Contractor (i) has thoroughly investigated and considered the scope of work to be performed, (ii) has carefully considered how the services should be performed, and (iii) fully understands the facilities, difficulties and restric tions attending performance of the services under this Contract. If the services involve work upon any site, Contractor warrants that Contractor has investigated the site and is or will be fully acquainted with the conditions ther e existing, prior to commencement of services hereunder.
92 16. WARRANTY.

16.1 Contractor warrants all work under the Contract (which for purposes of this Section shall be deemed to include unauthorized work which has not been removed and any non conforming materials incorporated into the work) to be of good quality and free from any defective or faulty material and workmanship. Contractor agrees that for a period of one year (or the period of time specified elsewhere in the Contract or in any guarantee or warranty provided by any manufacturer or supplier of equipment or materials incorporated into the work, whichever is later) after the date of final acceptance, Contractor shall within ten (10) days after being notified in writing by the City of any defect in the work or non conformance of the work to the Contract, commence and prosecute with due diligence all work necessary to fulfill the terms of the warranty at its sole cost and expense. Contractor shall act as soon as requested by the City in response to an emergency. In addition, Contractor shall, at its sole cost and expense, repair, remove and replace any portions of the work (or work of other contractors) damaged by its defective work or which becomes damaged in the course of repairing or replacing defective work. For any work so corrected, Contractor’s obligation hereunder to c orrect defective work shall be reinstated for an additional one year period, commencing with the date of acceptance of such corrected work.

Contractor shall perform such tests as the City may require to verify that any corrective actions, including, without limitation, redesign, repairs, and replacements comply with the requirements of the Contract. All costs associated with such corrective actions and testing, including the removal, replacement, and reinstitution of equipment and materials necessary to gain access, shall be the sole responsibility of the Contractor. All warranties and guarantees of subcontractors, suppliers and manufacturers with respect to any portion of the work, whether express or implied, are deemed to be obtained by Contractor for the benefit of the City, regardless of whether or not such warranties and guarantees have been transferred or assigned to the City by separate agreement and Contractor agrees to enforce such warranties and guarantees, if necessary, on behalf of the City.

In the event that Contractor fails to perform its obligations under this Section, or under any other warranty or guaranty under this Contract, to the reasonable satisfaction of the City, the City shall have the right to correct and replace any defective or non conforming work and any work damaged by such work or the replacement or correction thereof at Contractor’s sole expense. Contractor shall be obligated to fully reimburse the City for any expenses incurred hereunder upon demand.

17. CONFLICT OF INTEREST.

17.1 Contractor covenants that neither it, nor any officer or principal of its firm, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Contractor’s performance of services under this Contract. Contractor further covenants that in the performance of this Contract, no person having any such interest shall be employed by it as an officer, employee, agent or subcontractor without the express written consent of the Project Manager. Contractor agrees to at all times avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City in the performance of this Contract.

17.2 No officer or employee of the City shall have any financial interest, direct or indirect, in this Contract nor shall any such officer or employee participate in any decision relating to the Contract which affects his financial interest or the financial interest of any corporation, partnership or association in which he is, directly or indirectly, interested, in violation 93 of any State statute or regulation. The Contractor warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Contract.

17.3 Contractor warrants that they have no blood or marriage relationship, and that they are not in any way associated with any City officer or employee, or any architect, engineer, or other preparer of the Drawings and Specifications for this project. Contractor further warrants that no person in his employ has been employed by City within one (1) year of the date of Notice Inviting Bids. Contractor’s duties and services under this Contract shall not include preparing or assisting the City with any portion of the City’s preparation of a request for proposals, request for qualifications, or any other solicitation regarding a subsequent or additional contract with the City. The City shall at all times retain responsibility for public contracting, including with respect to any subsequent phase of this project. Contractor’s participation in the planning, discussions, or drawing of project plans or specifications shall be limited to conceptual, preliminary, or initial plans or specifications. Contractor shall cooperat e with the City to ensure that all bidders for a subsequent contract on any subsequent phase of this Project have access to the same information, including all conceptual, preliminary, or initial plans or specifications prepared by Contractor pursuant to this Contract.

17.4 Contractor warrants that neither it nor any of its employees, agents, or representatives has offered or given any gratuities or promises to City's employees, agents, or representatives with a view toward securing this Contract or securing favorable treatme nt with respect thereto.

18. CONTRACTOR’S AFFIDAVIT.

18.1 After completion of the work contemplated by this Contract, Contractor shall file with the City Manager his affidavit stating that all workmen and persons employed, all firms supplying materials, and all subcontractors upon the project have been paid in full, and that there are no claims outstanding against the project for either labor or materials, except certain items, if any, to be set forth in an affidavit covering disputed claims or items in connection with a Stop Notice that has been filed under the provisions of the laws of the State of California.

19. SIGNATURE OF CONTRACTOR

19.1 Corporations: The signature must contain the name of the corporation, must be signed by the President and Secretary or Assistant Secretary, and the corporate seal must be affixed. Other persons may sign for the corporation in lieu of the above if a certified copy of a resolution of the corporate board of directors so authorizing them to do so is on file in the City Clerk's office.

19.2 Partnerships: Names of all persons comprising the partnership or co - partnership must be stated. The Contract must be signed by all partners comprising the partnership unless proof in the form of a certified copy of a certificate of partnership acknowledging signer to be a general partner is presented to the City, in which case the general partner may sign.

19.3 Joint Ventures: Bids submitted as joint ventures must so state and the Contract is to be signed by each joint venturer.

94 19.4 Individuals: Bids submitted by individuals must be signed by the bidder, unless an up-to-date power of attorney is on file in the City, in which case said person may sign for the individual. The above rules also apply in the case of the use of a fictitious firm name. In addition, however, where the fictitious name is used, it must be so indicated in the signature.

20. SECURITY.

20.1 Performance and Payment Bonds. Concurrently with execution of this Agreement, Contractor shall deliver to the City all of the following bonds:
a. A performance bond securing the faithful performance of this Agreement, in an amount not less than 100% of the total compensation for this Contract. b. A payment bond, securing the payment of all persons furnishing labor and/or materials in connection with the work under this Agreement, in an amount not less than 100% of the total compensation for this Agreement.

20.2 All bonds shall be on the applicable forms provided in Exhibit “C” and Exhibit “D” attached hereto and made part hereof. The bonds shall each contain the original notarized signature of an authorized officer of the surety and affixed thereto shall be a ce rtified and current copy of his/her power of attorney. The bonds shall be unconditional and remain in force during the entire term of the Agreement until released.

20.3 Sufficiency of Insurer or Surety. Insurance and bonds required by this Contract shall be satisfactory only if issued by companies qualified to do business in California, rated “A-” or better in the most recent edition of Best’s Rating Guide, The Key Rating Guide or in the Federal Register, and only if they are of a financial category Class VII or better. If the City determines that the work to be performed under this Agreement creates an increased or decreased risk of loss to the City, the Contractor agrees that the minimum limits of the insurance policies and the bonds may be changed accordingly upon receipt of written notice from the City’s Risk Manager.

20.4 Release of Securities. City shall release the performance bond and payment bond when the following have occurred:
a. Contractor has made a written request for release and provided evidence of satisfaction of all other requirements under this Contract; b. the Project has been accepted; and
c. after passage of the time within which lien claims are required to be made pursuant to applicable laws; if lien claims have been timely filed, City shall hold the payment bond until such claims have been resolved, Contractor has provided statutory bond, or otherwise as required by applicable law.

20.5 In accordance with Section 22300 of the Public Contracts Code, Contractor may substitute securities for any monies withheld by City to ensure performance under the Contract.
95 20.6 At the request and expense of Contractor, securities equivalent to the amount withheld shall be deposited with City or with a State or Federally chartered bank or an escrow agent who shall pay such monies to Contractor upon notification by City of Contractor's satisfactory completion of the Contract. The type of securities deposited and the method of release shall be approved by the City Attorney's office.

21. DEFAULTS.

21.1 Default of Contractor. Contractor’s failure to comply with the provisions of this Contract shall constitute a default. In the event that Contractor is in default for cause under the terms of this Agreement, City shall have no obligation or duty to continue compensating Contractor for any work performed after the date of default and can terminate or suspend this Agreement immediately by written notice to Contractor. If the Project Manager determines that Contractor is in default in the performance of any of the terms or conditions of this Contract, the Project Manager shall cause to be served upon Contractor a written notice of the default. Contractor shall have ten (10) days after service upon it of said notice in which to cure the default by rendering a sat isfactory performance, or such longer time as is approved by the City. In the event that Contractor fails to cure its default within such period of time or if the default reoccurs, the City shall have the right, notwithstanding any other provision of this Contract, to terminate this Contract without further notice and without prejudice to any other remedy to which it may be entitled at law, in equity or under this Contract.

21.2 Suspension and Termination.
a. The City may at any time, for any reason, with or without cause, suspend this Contract, or any portion hereof, by serving upon Contractor at least ten (10) days prior written notice. Upon receipt of said notice, Contractor shall immediately cease all work under this Agreement, unless the notice provides otherwise. If the City suspends a portion of this Agreement such suspension shall not make void or invalidate the remainder of this Agreement. b. This Contract may be terminated by either party for cause. In the event Contractor desires to the terminate the Agreement for cause, Contractor shall provide City with notice of the basis for the termination for cause and an opportunity to cure of not less than ten (30) calendar days. The City may terminate this Contract without cause upon thirty (30) days’ written notice of termination. Upon termination, Contractor shall be entitled to compensation for completion of any portion of the Project accepted by C ity up to the effective date of termination unless any portion of the Project is accepted by City after termination in which event Contractor shall be paid for such completed portion.

22. RESOLUTION OF CLAIMS.

22.1 In the event of any dispute or controversy with the City over any matter whatsoever, the Contractor shall not cause any delay or cessation in or of work, but shall proceed with the performance of the work in dispute. The Contractor shall retain any and all rights provided that pertain to the resolution of disputes and protests between the Parties. The disputed work will be categorized as an “unresolved dispute” and payment, if any, shall be as later determined as set forth below. The Contractor shall keep accurate, detailed records of all disputed work, claims and other disputed matters.
96 22.2 Section 20104 et seq. of the California Public Contract Code prescribes a process utilizing informal conferences, non -binding judicial -supervised mediation, and judicial arbitration to resolve disputes on construction claims of $375,000 or less. Section 92 04 of the Public Contract Code prescribes a process for negotiation and mediation to resolve disputes on construction claims. The intent of this Section is to implement Sections 20104 et seq. and Section 9204 of the California Public Contract Code. This Section shall be construed to be consistent with said statutes.

22.3 For purposes of these procedures, “claim” means a separate demand by the Contractor, after the City has denied Contractor’s timely and duly made request for payment for extra work and/or a time extension, for (A) a time extension, (B) payment of money or damages arising from work done by or on behalf of the Contractor pursuant to the Contract and payment of which is not otherwise expressly provided for or the Contractor is not otherwise entitled to, or (C) an amount the payment of which is disputed by the City.

22.4 The following requirements apply to all claims to which this section applies:
a. Claim Submittal. The claim shall be in writing and include the documents necessary to substantiate the claim. Claims governed by this procedure must be filed on or before the date of final payment. Nothing in this section is intended to extend the time limit or supersede notice requirements otherwise provided in the Contract for the filing of claims, including all requirements pertaining to compensation or payment for extra work, disputed work, and/or changed conditions. Failure to follow such contractual requirements shall bar any claims or subsequent lawsuits for compensation or payment thereon. b. Supporting Documentation. The Contractor shall submit all claims in the following format:
(i) Summary of the claim, including references to the specific Contract Document provisions upon which the claim is based. (ii) List of documents relating to claim: (a) Specifications, (b) Drawings, (c) Clarifications (Requests for Information), (d) Schedules, and (e) Other. (iii) Chronology of events and correspondence related to the claim.
(iv) Statement of grounds for the claim.
(v) Analysis of the claim’s cost, if any.
(vi) Analysis of the claim’s time/schedule impact, if any. c. City’s Response. Upon receipt of a claim pursuant to this section, City shall conduct a reasonable review of the claim and, within a period not to exceed 45 calendar days, shall provide the Contractor a written statement identifying what portion of the claim is disputed and what portion is undisputed. Any payment due on an undisputed portion of the claim will be processed and made within 60 calendar days after the City issues its written statement. 97 (i) If the City needs approval from the City Council to provide the Contractor a written statement identifying the disputed portion and the undisputed portion of the claim, and the City Council does not meet within the 45 calendar days or within the mutually agreed to extension of time following receipt of a claim sent by registered mail or certified mail, return receipt requested, the City shall have up to three days following the next duly publicly noticed meeting of the City Council after the 45-day period, or extension, expires to provide the Contractor a written statement identifying the disputed portion and the undisputed portion. (ii) Within 30 calendar days of receipt of a claim, the City may request in writing additional documentation supporting the claim or relating to defenses or claims the City may have against the Contractor. If additional information is thereafter required, it shall be requested and provided pursuant to this subdivision, upon mutual Contract of City and the Contractor.
(iii) The City’s written response to the claim, as further documented, shall be submitted to the Contractor within 30 calendar days (if the claim is less than $50,000, within 15 calendar days) after receipt of the further documentation, or within a period of time no greater than that taken by the Contractor in producing the additional information or requested documentation, whichever is greater.
d. Meet and Confer. If the Contractor disputes the City’s written response, or the City fails to respond within the time prescribed, the Contractor may so notify the City, in writing, either within 15 calendar days of receipt of the City’s response or within 15 calendar days of the City’s failure to respond within the time prescribed, respectively, and demand an informal conference to meet and confer for settlement of the issues in dispute. Upon receipt of a demand, the City shall schedule a meet and confer co nference within 30 calendar days for settlement of the dispute.
e. Mediation. Within 10 business days following the conclusion of the meet and confer conference, if the claim or any portion of the claim remains in dispute, the City shall provide the Contractor a written statement identifying the portion of the claim that remains in dispute and the portion that is undisputed. Any payment due on an undisputed portion of the claim shall be processed and made within 60 calendar days after the City issues its written statement. Any disputed portion of the claim, as identified b y the Contractor in writing, shall be submitted to nonbinding mediation, with the City and the Contractor sharing the associated costs equally. The City and Contractor shall mutually agree to a mediator within 10 business days after the disputed portion of the claim has been identified in writing, unless the Parties agree to select a mediator at a later time.
(i) If the Parties cannot agree upon a mediator, each Party shall select a mediator and those mediators shall select a qualified neutral third Party to mediate with regard to the disputed portion of the claim. Each Party shall bear the fees and costs charged by its respective mediator in connection with the selection of the neutral mediator. (ii) For purposes of this section, mediation includes any nonbinding process, including, but not limited to, neutral evaluation or a dispute review board, in which an independent third party or board assists the Parties in dispute resolution through 98 negotiation or by issuance of an evaluation. Any mediation utilized shall conform to the timeframes in this section.
(iii) Unless otherwise agreed to by the City and the Contractor in writing, the mediation conducted pursuant to this section shall excuse any further obligation under Public Contract Code Section 20104.4 to mediate after litigation has been commenced. (iv) All unresolved claims shall be considered jointly in a single mediation, unless a new unrelated claim arises after mediation is completed. f. City’s Responses. The City’s failure to respond to a claim from the Contractor within the time periods described in this section or to otherwise meet the time requirements of this section shall result in the claim being deemed rejected in its entirety. A claim that is denied by reason of the City’s failure to have responded to a claim, or its failure to otherwise meet the time requirements of this section, shall not constitute an adverse finding with regard to the merits of the claim or the responsibility of qualifications of the Contractor. City’s failure to respond shall not waive City’s rights to any subsequent procedures for the resolution of disputed claims.
g. Government Code Claims. If following the mediation, the claim or any portion remains in dispute, the Contractor must comply with the claim procedures set forth in Government Code section 900 et seq. prior to filing any lawsuit against the City. Such Government Code claims and any subsequent lawsuit based upon the Government Code claims shall be limited to those matters that remain unresolved after all procedures pertaining to extra work, disputed work, construction claims, and/or changed condit ions, includi ng any required mediation, have been followed by Contractor. If no such Government Code claim is submitted, or if the prerequisite contractual requirements are not satisfied, no action against the City may be filed. A Government Code claim must be filed no earlier than the date that Contractor completes all contractual prerequisites to filing a Government Code claim, including any required mediation. A Government Code claim shall be inclusive of all unresolved claims unless a new unrelated claim arises after the Government Code claim is submitted. For purposes of Government Code section 900 et seq., the running of the period of time within which a claim must be filed shall be tolled from the time the Contractor submits his or her written claim to the City until the time the claim is denied, including any period of time utilized by the meet and confer conference or mediation that does not result in a complete resolutions of all claims.
h. (h) Civil Actions for Claims of $375,000 or Less. The following procedures are established for all civil actions filed to resolve claims totaling $375,000 or less:
(i) Within 60 calendar days, but no earlier than 30 calendar days, following the filing or responsive pleadings, the court shall submit the matter to non-binding mediation unless waived by mutual stipulation of both Parties or unless mediation was held prior to commencement of the action in accordance with Public Contract Code section 9204 and the procedures in this Section. The mediation process shall provide for the selection within 15 calendar days by both Parties of a disinterested third person as mediator, shall be commenced within 30 calendar days of the submittal, and shall be concluded within 15 calendar days from the commencement of the mediation unless a time requirement is extended upon a good cause showing 99 to the court or by stipulation of both Parties. If the Parties fail to select a mediator within the 15 - day period, either Party may petition the court to appoint the mediator. (ii) If the matter remains in dispute, the case shall be submitted to judicial arbitration pursuant to Chapter 2.5 (commencing with Section 1141.10) of Title 3 of Part 3 of the Code of Civil Procedure, notwithstanding Section 1141.11 of that code. The Civil Discovery Act (Title 4 (commencing with Section 2016.010) of Part 4 of the Code of Civil Procedure) shall apply to any proceeding brought under this subdivision consistent with the rules pertaining to judicial arbitration.
(iii) Upon stipulation of the Parties, arbitrators appointed for these purposes shall be experienced in construction law, and, upon stipulation of the Parties, mediators and arbitrators shall be paid necessary and reasonable hourly rates of pay not to exceed their customary rate, and such fees and expenses shall be paid equally by the Parties, except in the case of arbitration where the arbitrator, for good cause, determines a different division. (iv) In addition to Chapter 2.5 (commencing with Section 1141.10) of Title 3 of Part 3 of the Code of Civil Procedure, any Party who after receiving an arbitration award requests a trial de novo but does not obtain a more favorable judgment shall, in addition to payment of costs and fees under that chapter, pay the attorney’s fees of the other Party arising out of the trial de novo.

23. NOTICE TO CITY OF CLAIMS OR LABOR DISPUTES.

23.1 Whenever Contractor has knowledge that any actual or potential labor dispute is delaying or threatens to delay the timely performance of the Contract, Contractor shall immediately give notice thereof, including all relevant information with respect thereto, to City.

24. RECORDS, REPORTS, AND RELEASE OF INFORMATION

24.1 Records. Contractor shall keep, and require subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports, studies, certified and accurate copies of payroll records in compliance with all applicable laws, or other do cuments relating to the disbursements charged to City and services performed hereunder (the “books and records”), as shall be necessary to perform the services required by this Contract and enable the Project Manager to evaluate the performance of such ser vices. Any and all such documents shall be maintained in accordance with generally accepted accounting principles and shall be complete and detailed. The Project Manager shall have full and free access to such books and records at all times during normal b usiness hours of City, including the right to inspect, copy, audit and make records and transcripts from such records. Such records shall be maintained for a period of 3 years following completion of the services hereunder, and the City shall have access t o such records in the event any audit is required. In the event of dissolution of Contractor’s business, custody of the books and records may be given to City, and access shall be provided by Contractor’s successor in interest. Notwithstanding the above, t he Contractor shall fully cooperate with the City in providing access to the books and records if a public records request is made and disclosure is required by law including but not limited to the California Public Records Act.

24.2 Reports. Contractor shall periodically prepare and submit to the Project Manager such reports concerning the performance of the services required by this Contract as the 100

Project Manager shall require. Contractor hereby acknowledges that the City is greatly concerned about the cost of work and services to be performed pursuant to this Contract. For this reason, Contractor agrees that if Contractor becomes aware of any facts, circumstances, techniques, or events that may or will materially increase or decrease the cost of the work or services contemplated herein, Contractor shall promptly notify the Project Manager of said fact, circumstance, technique or event and the estimated increased or decreased cost related thereto.

24.3 Ownership of Documents. All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents and other materials (the “documents and materials”) prepared by Contractor, its employees, subcontr actors and agents in the performance of this Contract shall be the property of City and shall be delivered to City upon request of the Project Manager or upon the termination of this Contract, and Contractor shall have no claim for further employment or ad ditional compensation as a result of the exercise by City of its full rights of ownership use, reuse, or assignment of the documents and materials hereunder. Any use, reuse or assignment of such completed documents for other projects and/or use of uncompleted documents without specific written authorization by the Contractor will be at the City’s sole risk and without liability to Contractor, and Contractor’s guarantee and warranties shall not extend to such use, reuse or assignment. Contractor may retain copies of such documents for its own use. Contractor shall have an unrestricted right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any documents or materials prepared by them, and in the event Contractor f ails to secure such assignment, Contractor shall indemnify City for all damages resulting therefrom. Moreover, Contractor with respect to any documents and materials that may qualify as “works made for hire” as defined in 17 U.S.C. § 101, such documents and materials are hereby deemed “works made for hire” for the City.

24.4 Confidentiality and Release of Information. Information gained or work product produced by Contractor in performance of this Contract shall be considered confidential, unless such information is in the public domain or already known to Contractor. Contractor shall not release or disclose any such information or work product to persons or entities other than City without prior written authorization from the Project Manager.

24.5 Contractor, its officers, employees, agents or subcontractors, shall not, without prior written authorization from the Project Manager or unless requested by the City Attorney, voluntarily provide documents, declarations, letters of support, testimony at depositions, response to interrogatories or other information concerning the work performed under this Contract. Response to a subpoena or court order shall not be considered “voluntary” provided Contractor gives City notice of such court order or subpoena.

24.6 If Contractor, or any officer, employee, agent or subcontractor of Contractor, provides any information or work product in violation of this Contract, then City shall have the right to reimbursement and indemnity from Contractor for any damages, costs and fees, including attorneys’ fees, caused by or incurred as a result of Contractor’s conduct.

24.7 Contractor shall promptly notify City should Contractor, its officers, employees, agents or subcontractors be served with any summons, complaint, subpoena, notice of deposition, request for documents, interrogatories, request for admissions or other discov ery request, court order or subpoena from any party regarding this Contract and the work performed there under. City retains the right, but has no obligation, to represent Contractor or be present at 101

any deposition, hearing or similar proceeding. Contractor agrees to cooperate fully with City and to provide City with the opportunity to review any response to discovery requests provided by Contractor. However, this right to review any such response does not imply or mean the right by City to control, direct, or rewrite said response.

25. UTILITY LOCATION.

25.1 To the extent required by Government Code § 4215, City will compensate Contractor for the cost of locating, repairing damage not due to the failure of Contractor to exercise reasonable care, and removing or relocating utility facilities not identified by C ity in the Bid Documents with reasonable accuracy, and for equipment on the project necessarily idled during such work. Nothing herein shall be deemed to require City to indicate the presence of existing service laterals or appurtenances whenever the presence of such utilities on the project site can be inferred from the presence of other visible facilities, such as buildings, meters, and junction boxes, on or adjacent to the site of the construction; provided, however, nothing herein shall relieve City from identifying main or trunklines in the plans and specifications. If Contractor, while performing the work, discovers utility facilities not identified by City in the plans or specifications, Contractor shall immediately notify City and the utility in writ ing. This Contract is subject to Government Code§§ 4126 through 4216.9. Contractor must notify utilities and obtain an identification number before excavation or be subject to liability for damages to subsurface installations.

26. REGIONAL NOTIFICATION CENTERS.

26.1 Contractor agrees to contact the appropriate regional notification center in accordance with Government Code Section 4216.2.

27. TRENCH PROTECTION AND EXCAVATION.

27.1 Pursuant to Labor Code § 6705, if this Project requires the excavation of any trench or trenches five feet or more in depth, Contractor shall submit, in advance of such excavation, a detailed plan showing the design of shoring, bracing, sloping, or other provisions to be made for worker protection from the hazard of caving ground during the excavation of such trench or trenches.

27.2 The plan shall be reviewed and accepted by the City, or a registered civil or structural engineer employed by the City to whom authority has been delegated, prior to the excavation. If the plan varies from the shoring system standards, the plan shall be pr epared by a registered civil or structural engineer.

27.3 This Section shall not be deemed to allow the use of a shoring, sloping, or protective system less effective than that required by the Construction Safety Orders.

27.4 This Section shall not be construed to impose tort liability on the City or any of its employees.

27.5 Full compensation for sheeting, shoring, bracing, sloping, and all other provisions required for worker protection shall be considered as included in the contract price shown in the appropriate Bid Item, and no additional compensation will be allowed therefor. 102

28. PROTECTION AND CARE OF WORK AND MATERIALS.

28.1 The Contractor shall adopt reasonable methods, including providing and maintaining storage facilities, during the life of the Contract to furnish continuous protection to the work, and the equipment, materials, papers, documents, plans, studies and/or other components thereof to prevent losses or damages, and shall be responsible for all such damages, to persons or property, until acceptance of the work by City, except such losses or damages as caused by City’s own negligence. Stored materials shall be reas onably accessible for inspection. Contractor shall not, without City’s consent, assign, sell, mortgage, hypothecate, or remove equipment or materials which have been installed or delivered and which may be necessary for the completion of the work.

29. HAZARDOUS CONDITIONS.

29.1 Contractor shall, without disturbing the condition, notify City, in writing, as soon as Contractor, or any of Contractor's subcontractors, agents, or employees have knowledge and reporting is possible, of the discovery of any of the following conditions:
a. The presence of any material that Contractor believes is hazardous waste, as defined in Section 25117 of the Health and Safety Code; b. Subsurface or latent physical conditions at the site differing from those indicated in the specifications; or
c. Unknown physical conditions at the site of any unusual nature, different materially for those ordinarily encountered and generally recognized as inherent in work of the character provided for in this Contract.

29.2 Pending a determination by City of appropriate action to be taken, Contractor shall provide security measures (e.g., fences) adequate to prevent the hazardous waste or physical conditions from causing bodily injury to any person.

29.3 City shall promptly investigate the reported conditions. If City, through and in the exercise of its sole discretion, determines that the conditions do materially differ or do involve hazardous waste, and will cause a decrease or increase in Contractor's cost of, or time required for, performance of any part of the work, then City shall issue a change order.

29.4 In the event of a dispute between City and Contractor as to whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in Contractor's cost of, or time required for, performance of any part of the work, Contractor shall not be excused from any scheduled completion date, and shall proceed with all work to be performed under the contract. Contractor shall retain any and all rights that pertain to the resolution of disputes and protests between the parties.

30. CARB COMPLIANCE.

30.1 For a project involving the use of in-use off-road diesel-fueled vehicles, as defined by 13 CCR 2449, Contractor shall obtain copies of the valid Certificates of Reported Compliance, as described in 13 CCR 2449(n), for the fleet performing services pursuan t to this contract and all listed subcontractors, if applicable, prior to commencing any work pursuant to this 103

Contract or any renewed contract with that fleet. Contractor shall indemnify, defend and hold harmless the District, its officers, agents, employees and directors from any liability imposed arising from Contractor’s violation of any regulation set forth in 13 CCR 2449.

31. INSPECTION.

31.1 The work shall be subject to inspection and testing by City and its authorized representatives during manufacture and construction and all other times and places, including, without limitation, the plans of Contractor and any of its suppliers. Contractor shall provide all reasonable facilities and assistance for the safety and convenience of inspectors. All inspections and tests shall be performed in such manner as to not unduly delay the work. The work shall be subject to final inspection and acceptance notwithstanding any payments or other prior inspections. Such final inspection shall be made within a reasonable time after completion of the work.

32. CONTRACTOR STATUS.

32.1 Contractor shall have no authority to bind City in any manner, or to incur any obligation, debt or liability of any kind on behalf of or against City, whether by contract or otherwise, unless such authority is expressly conferred under this Contract or is otherwise expressly conferred in writing by City. Contractor shall not at any time or in any manner represent that Contractor or any of Contractor’s officers, employees, or agents are in any manner officials, officers, employees or agents of City. N either Contractor, nor any of Contractor’s officers, employees or agents, shall obtain any rights to retirement, health care or any other benefits which may otherwise accrue to City’s employees. Contractor expressly waives any claim Contractor may have to any such rights.

32.2 Neither the City nor any of its employees shall have any control over the manner, mode or means by which Contractor, its agents or employees, perform the services required herein, except as otherwise set forth herein. City shall have no voice in the select ion, discharge, supervision or control of Contractor’s employees, servants, representatives or agents, or in fixing their number, compensation or hours of service. Contractor shall perform all services required herein as an independent contractor of City a nd shall remain at all times as to City a wholly independent contractor with only such obligations as are consistent with that role. City shall not in any way or for any purpose become or be deemed to be a partner of Contractor in its business or otherwise or a joint venturer or a member of any joint enterprise with Contractor, and Contractor shall make no representation to that effect.

32.3 The experience, knowledge, capability and reputation of Contractor, its principals and employees were a substantial inducement for the City to enter into this Contract.

Therefore, Contractor shall not contract with any other entity to perform in whole or i n part the services required hereunder without the express written approval of the City. All subcontractors shall obtain, at its or Contractor’s expense, such licenses, permits, registrations and approvals (including from the City) as may be required by la w for the performance of any services or work under this Contract. In addition, neither this Agreement nor any interest herein may be transferred, assigned, conveyed, hypothecated or encumbered voluntarily or by operation of law, whether for the benefit of creditors or otherwise, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more 104

than twenty five percent (25%) of the present ownership and/or control of Contractor, taking all transfers into account on a cumulative basis. In the event of any such unapproved transfer, including any bankruptcy proceeding, this Agreement shall be void. No approved transfer shall release the Contractor or any surety of Contractor of any liability hereunder without the express consent of City.

33. GENERAL TERMS.

33.1 Waiver. Waiver by any party to this Contract of any term, condition, or covenant of this Contract shall not constitute a waiver of any other term, condition, or covenant.

Waiver by any party of any breach of the provisions of this Contract shall not constitute a w aiver of any other provision or a waiver of any subsequent breach or violation of any provision of this Contract. Acceptance by City of any work or services by Contractor shall not constitute a waiver of any of the provisions of this Contract. No d elay or omission in the exercise of any right or remedy by a non-defaulting party on any default shall impair such right or remedy or be construed as a waiver. Any waiver by either party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement.

33.2 Rights and Remedies Are Cumulative. Except with respect to rights and remedies expressly declared to be exclusive in this Contract, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party.

33.3 Unfair Business Practices Claims. Pursuant to Public Contract Code § 7103.5, in entering into this Contract, Contractor offers and agrees to assign to the City all rights, title, and interest in and to all causes of action it may have under § 4 of the Clayton Act (15 U.S.C. § 15) or under the Cartwright Act (Chapter 2, (commencing with § 16700) of Part 2 of Division 7 of the Business and Professions Code), arising from purchases of goods, services or materials related to this Agreement. This assignment shall be made and become effective at the time the City tenders final payment to the Contractor without further acknowledgment by the Parties.

33.4 Discrimination. Contractor covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry, or other protected class in the performance of this Contract. Contractor shall take affirmative action to insure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry, or other protected class.

33.5 Unauthorized Aliens. Contractor hereby promises and agrees to comply with all of the provisions of the Federal Immigration and Nationality Act, 8 U.S.C. § 1101 et seq., as amended, and in connection therewith, shall not employ unauthorized aliens as defined therein.

Should Contractor so employ such unauthorized aliens for the performance of work and/or services covered by this Contract, and should any liability or sanctions be imposed against City for such use of unauthorized aliens, Contractor hereby agrees to and shall reimburse City for the cost of all 105

such liabilities or sanctions imposed, together with any and all costs, including attorneys’ fees, incurred by City.

33.6 Non-liability of City Officers and Employees. No officer or employee of the City shall be personally liable to the Contractor, or any successor in interest, in the event of any default or breach by the City or for any amount which may become due to the Con tractor or to its successor, or for breach of any obligation of the terms of this Contract.

33.7 Governing Law. This Agreement shall be interpreted, construed and governed both as to validity and to performance of the parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Riverside, State of California, or any other appropriate court in such county, and Contractor covenants and agrees to submit to the personal jurisdiction of such court in the event of such action. In the event of litigation in a U.S. District Court, venue shall lie exclusively in the Central District of California, in the County of Riverside, State of California.

33.8 Provisions Required By Law. Each and every provision of law and clause required by law to be inserted in this Contract shall be deemed to be inserted herein, and the Contract shall be read and enforced as though it were included herein. If through mistake or otherwise any such provision is not inserted, or is not correctly inserted, then upon application of either party, the contract shall forthwith be physically amended to make such insertion or correction.

33.9 Severability. In the event that any one or more of the phrases, sentences, clauses, paragraphs, or sections contained in this Contract shall be declared invalid or unenforceable by a valid judgment or decree of a court of competent jurisdiction, such inval idity or unenforceability shall not affect any of the remaining phrases, sentences, clauses, paragraphs, or sections of this Contract which are hereby declared as severable and shall be interpreted to carry out the intent of the parties hereunder unless the invalid provision is so material that its invalidity deprives either party of the basic benefit of their bargain or renders this Contract meaningless.

33.10 Interpretation. The terms of this Contract shall be construed in accordance with the meaning of the language used and shall not be construed for or against either party by reason of the authorship of this Contract or any other rule of construction which mi ght otherwise apply.

33.11 Counterparts. This Contract may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, whether the signatures are originals, electronic, facsimiles or digital. All such counterparts shal l together constitute but one and the same Contract. All signatures on bonds must be originals.

33.12 Written Notice. Any written notice required to be given in any part of the Contract Documents shall be performed by depositing the same in the U.S. Mail, postage prepaid, directed to the address of Contractor as set forth above, and to City addressed to the Project Manager as follows:

City of Murrieta
1 Town Square
106

Murrieta, CA 92562

34. CONTRACT MODIFICATIONS

34.1 Additional terms and conditions of this Contract, if any, or any modifications or revisions to the standard terms and conditions herein are made a part hereof as set forth in the “Contract Modifications” attached hereto as Exhibit A and incorporated herein by this reference. In the event of a conflict between the provisions of Exhibit A and any other provisions of this Contract, the provisions of Exhibit A shall govern.

35. FEDERAL FUNDING.

35.1 If federal funding is being utilized to fund any part of the Project, as indicated on the Cover Page of this Contract, the terms of Exhibit E are hereby incorporated herein by this reference. If no federal funding is being utilized, Exhibit may be omitted.

[SIGNATURES ON FOLLOWING PAGE]
107

01375.0001 1008641.2 10/8/2025 -28-

IN WITNESS WHEREOF, the Parties hereto have executed this Contract on the date and year set forth below.

CITY OF MURRIETA ATTEST:

By:_____________________________ By:_____________________________ Justin Clifton, City Manager Cristal McDonald, City Clerk Date: ___________________________ Date: ___________________________

APPROVED AS TO FORM

ALESHIRE & WYNDER, LLP
By: ____________________________
Tiffany Israel, City Attorney

CONTRACTOR:

By:_____________________________ By:_____________________________ Name: Click or tap here to enter text. Name: Click or tap here to enter text.

Title: Click or tap here to enter text. Title: Click or tap here to enter text.

Date: ___________________________ Date: ___________________________

Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chair person of the Board, President or any Vice President; and 2) Secretary, any Assistant Secretary, Chief Financial Officer or any Assistant Treasurer. (Cal. Corp. Code § 313.) Appropriate attestations shall be included as may be required by the bylaws, articles of incorporation or other rules or regulations applicable to Contractor’s business City.

108

01375.0001 1008641.2 10/8/2025

EXHIBIT A

CONTRACT MODIFICATIONS
(Superseding Contract Boilerplate)

Click or tap here to enter text.

109

01375.0001 1008641.2 10/8/2025

EXHIBIT B

INSURANCE REQUIREMENTS

Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder by the Contractor, its agents, representatives, or employees.

MINIMUM SCOPE AND LIMIT OF INSURANCE

Coverage shall be at least as broad as:

1. Commercial General Liability (CGL): Insurance Services Office Form CG 00 01 covering CGL on an “occurrence” basis, including products and completed operations, property damage, bodily injury and personal & advertising injury with limits no less than $2,000,000 per occurrence. If a general aggregate limit applies, either the general aggregate limit shall apply separately to this project/location (ISO CG 25 03 or 25 04) or the general aggregate limit shall be twice the required occurrence limit.

2. Automobile Liability: Insurance Services Office Form Number CA 0001 covering, Code 1 (any auto), or if Contractor has no owned autos, Code 8 (hired) and 9 (non-owned), with limit no less than $1,000,000 per accident for bodily injury and property damage.

3. Workers’ Compensation insurance as required by the State of California, with Statutory Limits, and Employer’s Liability Insurance with limit of no less than $1,000,000 per accident for bodily injury or disease. (Not required if Contractor provides written verification it has no employees)

5. Cyber: Vendor/Contractor shall procure and maintain for the duration of the contract insurance against claims for security breaches, system failures, injuries to persons, damages to software, or damages to property (including computer equipment) which may arise from or in connection with the performance of the work hereunder by the Vendor, its agents, representatives, or employees. Vendor shall procure and maintain for the duration of the contract insurance claims arising out of their services and including, but not limited to loss, damage, theft or other misuse of data, infringement of intellectual property, invasion of privacy and breach of data.

Cyber Liability Insurance, with limits not less than $2,000,000 per occurrence or claim, $2,000,000 aggregate. Coverage shall be sufficiently broad to respond to the duties and obligations as is undertaken by Vendor in this agreement and shall include, but not be limited to, claims involving security breach, system failure, data recovery, business interruption, cyber extortion, social engineering, infringement of intellectual property, including but not limited to infringement of copyright, trademark, trade dress, invasion of privacy violations, information theft, damage to or destruction of electronic information, release of private information, and alteration of electronic information. The policy shall 110

01375.0001 1008641.2 10/8/2025
provide coverage for breach response costs, regulatory fines and penalties as well as credit monitoring expenses.

If the Contractor maintains broader coverage and/or higher limits than the minimums shown above, the City requires and shall be entitled to the broader coverage and/or the higher limits maintained by the Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.

Other Insurance Provisions
The insurance policies are to contain, or be endorsed to contain, the following provisions:

Additional Insured Status
The City, its officers, officials, employees, and volunteers are to be covered as additional insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of the Contractor including materials, parts, or equipment furnished in connection with such work or operations. General liability coverage can be provided in the form of an endorsement to the Contractor's insurance (at least as broad as ISO Form CG 20 10 11 85 or if not available, through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 if a later edition is used).

Primary Coverage
For any claims related to this contract, the Contractor’s insurance coverage shall be primary and non -contributory and at least as broad as ISO CG 20 01 04 13 as respects the City, its officers, officials, employees, and volunteers. Any insurance or self -insurance maintained by the City, its officers, officials, employees, or volunteers shall be excess of the Contractor’s insurance and shall not contribute with it. This requirement shall also apply to any Excess or Umbrella liability policies.

Umbrella or Excess Policy
The Contractor may use Umbrella or Excess Policies to provide the liability limits as required in this agreement. This form of insurance will be acceptable provided that all of the Primary and Umbrella or Excess Policies shall provide all of the insurance coverages herein required, including, but not limited to, primary and non -contributory, additional insured, Self -Insured Retentions (SIRs), indemnity, and defense requirements. The Umbrella or Excess policies shall be provided on a true “following form” or broader coverage basis, with coverage at least as broad as provided on the underlying Commercial General Liability insurance. No insurance policies maintained by the Additional Insureds, whether primary or excess, and which also apply to a loss covered hereunder, shall be called upon to contribute to a loss until the Contractor’s primary and excess liability policies are exhausted.

Notice of Cancellation
Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to the City.

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Waiver of Subrogation
Contractor hereby grants to City a waiver of any right to subrogation which any insurer of said Contractor may acquire against the City by virtue of the payment of any loss under such insurance.

Contractor agrees to obtain any endorsement that may be neces sary to affect this waiver of subrogation, but this provision applies regardless of whether or not the City has received a waiver of subrogation endorsement from the insurer.

Self-Insured Retentions
Self-insured retentions must be declared to and approved by the City. The City may require the Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense ex penses within the retention. The policy language shall provide, or be endorsed to provide, that the self -insured retention may be satisfied by either the named insured or City. The CGL and any policies, including Excess liability policies, may not be subje ct to a self -insured retention (SIR) or deductible that exceeds $25,000 unless approved in writing by City. Any and all deductibles and SIRs shall be the sole responsibility of Contractor or subcontractor who procured such insurance and shall not apply to the Indemnified Additional Insured Parties. City may deduct from any amounts otherwise due Contractor to fund the SIR/deductible. Policies shall NOT contain any self-insured retention (SIR) provision that limits the satisfaction of the SIR to the Named. Th e policy must also provide that Defense costs, including the Allocated Loss Adjustment Expenses, will satisfy the SIR or deductible. City reserves the right to obtain a copy of any policies and endorsements for verification.

Acceptability of Insurers
Insurance is to be placed with insurers authorized to conduct business in the state with a current A.M. Best’s rating of no less than A:VII, unless otherwise acceptable to the City.

Claims Made Policies (note – should be applicable only to professional liability, see below) If any of the required policies provide claims-made coverage:

1. The Retroactive Date must be shown, and must be before the date of the contract or the beginning of contract work.

2. Insurance must be maintained and evidence of insurance must be provided for at least five (5) years after completion of the contract of work.

3. If coverage is canceled or non -renewed, and not replaced with another claims -made policy form with a Retroactive Date prior to the contract effective date, the Contractor must purchase “extended reporting” coverage for a minimum of five (5) years after completion of work.

Verification of Coverage
Contractor shall furnish the City with original certificates and amendatory endorsements or copies of the applicable policy language effecting coverage required by this clause and a copy of the Declarations and Endorsements Pages of the CGL and any Excess policies listing all policy endorsements. All certificates and endorsements and copies of the Declarations & Endorsements pages are to be received and approved by the City before work commences. However, failure to obtain the requi red documents prior to the work beginning shall not waive the Contractor’s 112

01375.0001 1008641.2 10/8/2025
obligation to provide them. The City reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time.

City reserves the right to modify these requirements, in cluding limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

Subcontractors
Contractor shall require and verify that all subcontractors maintain insurance meeting all the requirements stated herein, and Contractor shall ensure that City is an additional insured on insurance required from subcontractors.

Duration of Coverage
CGL & Excess liability policies for any construction related work, including, but not limited to, maintenance, service, or repair work, shall continue coverage for a minimum of 5 years for Completed Operations liability coverage. Such Insurance must be maintained, and evidence of insurance must be provided for at least five (5) years after completion of the contract of work.

Special Risks or Circumstances
City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

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01375.0001 1008641.2 10/8/2025

EXHIBIT C

PERFORMANCE BOND

We, _________, as Principal, and ____________, as Surety, jointly and severally, firmly bind ourselves, our heirs, representatives, successors and assigns, as set forth herein, to the City of Murrieta (“City”) for payment of the penal sum of __________ U.S. Dollars and ____ Cents ($_______). City and Principal have entered into an contract, or are about to enter into the contract attached hereto and incorporated by reference herein, for completion of public works for the property(ies) referenced in said contract. Surety herein approves of the terms and conditions of said contract and binds itself to faithfully perform the obligations of Principal therein if Principal fails to so perform. Surety acknowledges that the contract herein referenced shall be that document as executed by City and Principal.

THE CONDITION OF THIS OBLIGATION IS SUCH that if the Principal shall in all things stand to and abide by, and well and truly keep and perform all of the covenants, conditions, and provisions in said agreement, and any alteration thereof made as therein pro vided, on Principal's part to be kept and performed at the time and in the manner therein specified, and shall indemnify and save harmless the City, City’s engineer, and their consultants, and each of their officials, directors, officers, employees and age nts, as therein stipulated, then this obligation shall become null and void; otherwise, it shall be and remain in full force and effect.

Surety agrees that should it fail to take over and diligently perform the contract upon Principal's default after notice and within the time specified in the agreement, Surety will promptly on demand deposit with City such amount as City may reasonably estimate as the cost of completing all of Principal's obligations. Surety's obligatio n for payment herein shall exist, notwithstanding any controversy between Principal and City regarding Principal's failure under the agreement, and payment by Surety should b e conclusively presumed between the parties herein to relieve, as demanded, Surety's obligations herein and shall be deemed proper payment as between Principal and Surety.

Surety agrees that no change, extension of time, alteration, or addition to the terms of the contract, or the work to be performed thereunder or the plans and specifications, or any matters unknown to Surety which may affect Surety's risk shall in any wise affect its obligation on this bond, and it does thereby waive notice thereof.

Principal and Surety agree that if the City is required to engage the services of an attorney in connection with the enforcement of this bond, each shall pay City's reasonable attorneys' fees incurred, with or without suit, in addition to the above sum.

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01375.0001 1008641.2 10/8/2025
Executed this day of _________, ____.

Seal of Corporation _____________

By:____________________________________
Authorized Representative of Principal

Title: _____________

(ATTACH ACKNOWLEDGEMENT OF AUTHORIZED REPRESENTATIVES)

Any claims under this bond may be addressed to:

_________________________ ____________________________________ Name Address
____________________________________
City and State
____________________________________
Telephone Number

By:____________________________________
Attorney in Fact or other Representative
(ATTACH ACKNOWLEDGEMENT OF AUTHORIZED REPRESENTATIVE)
Furnish the name, address and phone number of the company agent as well as the surety company.

01375.0001 1008641.2 10/8/2025

EXHIBIT D

PAYMENT BOND

We, ______, as Principal, and ____________, as Surety, jointly and severally, firmly bind ourselves, our heirs, representatives, successors and assigns, as set forth herein, to the City of Murrieta (“City”) and those for whose benefit this bond insures in the sum of ______________ U.S. Dollars and ______ Cents ($________). City and Principal have entered into a contract, or are about to enter into the contract attached hereto and incorporated by reference herein, for completion of public works for the prope rty(ies) referenced in said agreement. Surety herein approves of the terms and conditions of said contract and binds itself to faithfully perform the obligations of Principal therein if Principal fails to so perform. Surety acknowledges that the contract herein referenced shall be that document as executed by City and Principal. If Principal or any of Principal's contractors or subcontractors, fails to pay any of the persons named in §§ 9000, et seq. of the California Civil Code employed in the performanc e of the agreement for materials furnished or for labor thereon of any kind, or for amounts due under the Unemployment Insurance Code with respect to such work or labor, then Surety shall pay the same in an amount not exceeding the sum specified above, and also shall pay, in case suit is brought upon this bond, such reasonable attorneys' fees as shall be fixed by the court.

Surety agrees that it shall pay the amounts due the persons above named and diligently perform the contract upon Principal's default after notice and within the time specified in the agreement. If Surety fails to perform within the times specified in the agreement, Surety shall promptly on demand deposit with City such amount as City may reasonably estimate as the cost of completing all of Principal's obligations. Surety's obligation for payment herein shall extend, notwithstanding any controversy between P rincipal and City regarding Principal's failure under the contract.

Principal and Surety agree that any payment by Surety pursuant to this paragraph should be conclusively presumed between the parties herein to relieve, as demanded, Surety's obligation herein and shall be deemed proper payment as between Principal and Surety.

This bond shall insure to the benefit of any and all of the persons named in §§ 9000, et seq. of the California Civil Code so as to give a right of action to them or their assigns in any suit brought upon this bond.

Surety agrees that no change, extension of time, alteration, or addition to the terms of the agreement, or the work to be performed thereunder, or the plans and specifications, or any matters unknown to Surety which might affect Surety's risk, shall in any way affect its obligation on this bond, and it does hereby waive notice thereof.

Principal and Surety agree that should City become a party to any action on this bond, that each will also pay City's reasonable attorneys' fees incurred therein in addition to the above sums.

SIGNATURE PAGE TO FOLLOW

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01375.0001 1008641.2 10/8/2025
Executed this day of _________, ____.

Seal of Corporation _____________

By:____________________________________
Authorized Representative of Principal

Title: _____________

(ATTACH ACKNOWLEDGEMENT OF AUTHORIZED REPRESENTATIVES)

Any claims under this bond may be addressed to:

_________________________ ____________________________________ Name Address
____________________________________
City and State
____________________________________
Telephone Number

Sureties must be authorized to do business in and have an agent for service of process in California and be on the accredited list of the United States Treasury Department (their bonds will be limited to such amounts as would be acceptable to the Treasury Department), and otherwise meet the requirements of the agreement.
117
Proposal
Date
12/16/2025
Proposal #
1017610
Customer
City of Murrieta
Mike Amado
1 Town Square
Murrieta, CA 92562
Ship To
Murrieta Library
8 Town Square
Murrieta, CA 92562
Net 30
Total
Subtotal
Tax (8.75%)
PO Box 48 Vista CA, 92085 www.amsecgroup.com
Voice 760-727-4020 Fax 760-727-4027
CA LIC 665638
DescriptionQty Rate Total

CITY OF MURRIETA - LIBRARY EXPANSION
Access Control, IP Video, Public Address, & WAP Systems

IP VIDEO SYSTEM
Hanwha Cameras
Wisenet 7 X-plus series network IR vandal indoor camera, 4K (8MP Max) @ 30fps, motorized vari-focal lens 3x (2.8~8.4mm), triple codec H.265/H.264/MJPEG with WiseStreamII technology, Extreme WDR, USB and CVBS port for easy installation, advanced video analytics, sound classification and business analytics, high powered IR LEDs range of 131.23', shock detection, audio playback, true D/N, dual SD cards slots, hallway view, HLC, defog detection, DIS (Gyro), 12VDC/PoE, IP52, IK10, -25°C ~ +60°C (-13°F ~ +140°F)

4.00 1,109.1925 4,436.77T
Wisenet P series network vandal outdoor Multi-Directional camera [AI ON] 4CH x 8MP @ 15FPS / [AI OFF] 4CH x 8MP @ 20FPS, Motorized Varifocal Lens 3.3~5.7mm (FoV H:
109°~56°, V: 55°~31°), triple codec H.265/H.264/MJPEG, 120dB WDR; IR viewable length [PoE+] 15m (49ft) / [HPoE] 20m (65ft), USB port for easy installation, Analytics events based on AI engine: Object detection [Person/Vehicle (Car/Bus/Truck/Motorcycle/Bicycle)], IVA (Virtual line/Area, Enter/Exit, Loitering, direction, intrusion), Appear/Disappear, WiseNR ?(using AI engine), WiseStream?(Based on AI engine), I/O Box compatibility; TPM with FIPS 140-2 level2, micro SD card 512GB x2, IP66, IK10, NEMA4X, Operating Temperature:
-40°C~+55°C(-40°F~+131°F), PoE+ /HPoE, Hard-coated dome bubble

5.00 2,366.27 11,831.35T
Hanwha Network vandal outdoor 2CH AI IR dome camera, (6MP X 2 sensors) 12MP @ 15fps,

3.4~6.8mm(2x) (95.08°~47.64°) motorized varifocal lens, Triple codec (H.265/H.264/MJPEG), IR viewable length 25m (82ft), USB port for easy installation, Day & Night (ICR), extremeWDR (120dB), DIS, Handover, Analytics events based on AI engine: Object detection(Person/Face/Vehicle/License plate), IVA (Virtual line/Area, Enter/Exit, Loitering, direction, intrusion), Analytics events : Defocus detection, Motion detection, Tampering, Audio detection, Sound classification, Appear/Disappear, FIPS 140-2, micro SD card 512GB, IP66, NEMA4X, IK10, Operating temperature: -40°C~+55°C(-40°F ~ +131°F), Power: PoE+, Metal shielded RJ-45, Hard-coated dome bubble

2.00 1,515.89 3,031.78T
Samsung Accessory, White Wall Mount7.00 58.42 408.94T
Hanwha Hanging mount for PNM-C7083RVD/7082RVD and PNM-C12083RVD/12082RVD2.00 29.58 59.16T Samsung Cap adaptor for the PNM-9084QZ (Will fit the following accessories: SBP-300WMW1, SBP-390WMW1, SBP-300LMW, SBP-300CMW)

5.00 55.462 277.31T
Samsung Accessory, Corner Mount Adapter for use with SBP-300WMW - White4.00 58.42 233.68T Samsung Accessory, Pendant Mount - White1.00 58.42 58.42T Server/NVR

Page 1 ends

118
Proposal
Date
12/16/2025
Proposal #
1017610
Customer
City of Murrieta
Mike Amado
1 Town Square
Murrieta, CA 92562
Ship To
Murrieta Library
8 Town Square
Murrieta, CA 92562
Net 30
Total
Subtotal
Tax (8.75%)
PO Box 48 Vista CA, 92085 www.amsecgroup.com
Voice 760-727-4020 Fax 760-727-4027
CA LIC 665638
DescriptionQty Rate Total
BCD218-PVS-216-240T-16
(1) Xeon Silver 4216 - 16GB (2x8GB) (2) 240GB
M.2 SSD BOSS Card (15) 16TB SATA HDD (4)
1GbE RJ45 (2) 1100W PSU PSU Windows Server
2019 5YR NBD Warranty
Configuration Information
Option 1: (365 Days) Recording Server: 240TB
Raw - 193TB Usable RAID 6

1.00 83,093.85 83,093.85T
UPS
APC SMT3000C Smart-UPS 3000VA, Tower, LCD 120V with SmartConnect Port1.00 2,999.43 2,999.43T Meraki Network Switches
C9300 48-port PoE+, 715wac PS, w/MERAKI1.00 10,195.28 10,195.28T Meraki C9300 48-port Enterprise License, 3 year1.00 2,256.71 2,256.71T Video Management Software (VMS)
Milestone XProtect Professional+ Device License11.00 169.38909 1,863.28 One year Care Plus for Milestone XProtect Professional+ Device License11.00 31.58091 347.39 Misc. Cabling & Connectors
General Cable GenSPEED 6 Cat 6 Copper Cable Plenum, Blue6.00 681.53 4,089.18T Misc Connectors and Hardware11.00 40.50 445.50T
**(2) cat6 drops per camera**
Labor for Installation & Programming
Project Management16.00 105.00 1,680.00
Sound & Signal Technician (Journeyman - Prevailing Wage)56.00 140.00 7,840.00 Sound & Signal Technician (Apprentice - Prevailing Wage)56.00 105.00 5,880.00

ACCESS CONTROL SYSTEM
Control Panel
(SSP-D2) - Native IP-ready intelligent controller with an embedded reader interface module allowing control of two doors, support for up to 64 doors, 6 MB RAM, 4 Form-C relay outputs and 8 programmable inputs (supervised). Supports both IP/POE and RS 485 downstream devices.

1.00 1,519.60 1,519.60T
(RSC-2) - Dual Reader Interface Sub Controller Series 3B: 2 Readers, 8 Supervised Inputs, 6 Relay Outputs.

5.00 1,025.15 5,125.75T
Enclosures & Power Supply
LifeSafety Power FPO150-B100C8D8PE4M FLEXPOWER MCLASS Unified Power System, 150W, 12/24 VDC, 8-Doors, 8-Lock, 8 AUX Outputs

2.00 954.055 1,908.11T

Page 2 ends

119
Proposal
Date
12/16/2025
Proposal #
1017610
Customer
City of Murrieta
Mike Amado
1 Town Square
Murrieta, CA 92562
Ship To
Murrieta Library
8 Town Square
Murrieta, CA 92562
Net 30
Total
Subtotal
Tax (8.75%)
PO Box 48 Vista CA, 92085 www.amsecgroup.com
Voice 760-727-4020 Fax 760-727-4027
CA LIC 665638
DescriptionQty Rate Total
12 VDC, 7Ah Battery4.00 35.00 140.00T
Card Readers
HID Signo 40 Reader, mobile-ready, black wallswitch with silver trim. Pigtail connection.

Standard profile: iClass, MIFARE Classic, Prox, Indala, EM4102, Seos, CSN, DESFire. 3.15"W x

4.78"L x 0.77"D.

12.00 296.90167 3,562.82T
Door Hardware
Schlage - ND Series Cylindrical Lock, Storeroom Function, Fail Safe/Secure Field Selectable, SPARTA Lever 12/24V Selectable, Matte Black, REX

12.00 755.30 9,063.60T
Ives Steel Hinge, 5BB1 4.5X4.5 CON TW4 62612.00 250.00 3,000.00T **Door hardware is BUDGETARY - Need door hardware schedule** Software & Licensing
1 Additional Sub-Controller License (2 Readers)6.00 122.00 732.00T Cabling & Connectors
22/2, 22/4, 18/4, 22/6 Shielded Plenum (COMBO)4.00 1,685.26 6,741.04T Misc Connectors and Hardware1.00 250.00 250.00T
Labor for Installation & Programming
Project Management40.00 105.00 4,200.00
Sound & Signal Technician (Journeyman - Prevailing Wage)96.00 140.00 13,440.00 Sound & Signal Technician (Apprentice - Prevailing Wage)96.00 105.00 10,080.00 WAPS
Wireless Access Points
Meraki MR36 Wi-Fi 6 Indoor AP8.00 717.2425 5,737.94T
Meraki MR78 Wi-Fi 6 Outdoor AP8.00 1,355.21375 10,841.71T Meraki MR Ent License 3 Year16.00 392.8775 6,286.04T
Cabling & Connectors
General Cable GenSPEED 6 Cat 6 Copper Cable Plenum, Blue8.00 681.53 5,452.24T Connectors and Hardware1.00 175.00 175.00T
**(2) cat6 drops per WAP**
Labor for Installation & Programming
Project Management16.00 105.00 1,680.00
Sound & Signal Technician (Journeyman - Prevailing Wage)40.00 140.00 5,600.00

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Murrieta City CouncilJanuary 20, 2026

Murrieta City Council
January 20, 2026