Murrieta City Council
June 2, 2026

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WHEREAS, the Di strict and the Developer propose to enter into a joint community facilities agreement (the “School District JCFA”) with Murrieta Valley Unified School District (the “School District”) relating to certain facilities proposed to be financed by the District and owned and operated by the School District , and the District expects to enter into the School District JCFA prior to the approval of the issuance of bonds pursuant to the Act; WHEREAS, the District and the Developer propose to enter into a joint community facilities agreement (the “Water District JCFA”) with Western Municipal Water District (the “Water District”) relating to certain facilities proposed to be financed by the Distri ct and owned and operated by the Water District, and the District expects to enter into the Water District JCFA prior to the approval of the issuance of bonds pursuant to the Act;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MURRIETA AS FOLLOWS:

Section 1. The above recitals are true and correct.

Section 2. A community facilities district is proposed to be established under the terms of the Act. It is further proposed that the boundaries of the community facilities district shall be the legal boundaries as described in Exhibit “A” hereto, which boundaries shall, upon recordation of the boundary map for the District, include the entirety of any parcel subject to taxation by the District, and as depicted on the map of the proposed Commu nity Facilities District No. 2026-1 which is on file with the City Clerk. The City Clerk is hereby directed to sign the original map of the District and record it with all proper endorsements thereon with the Assessor-County Clerk-Recorder of the County of Riverside within 15 days after the adoption of this resolution, all as required by Section 3111 of the Streets and Highways Code of the State of California.

Section 3. The name of the proposed community facilities district shall be “Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta.” Section 4. The Facilities proposed to be provided within Community Facilities District No. 2026-1 are public facilities as defined in the Act, which the City, the School District, and the Water District, with respect to certain school facilities and water facilities, respectively, are authorized by law to construct, acquire, own and operate . The City Council hereby finds and determines that the description of the Facilities herein is sufficientl y informative to allow taxpayers within the proposed District to understand what the funds of the District may be used to finance. The Incidental Expenses expected to be incurred include the cost of planning and designing the Facilities, the costs of form ing the District, issuing bonds and levying and collecting the Special Tax within the proposed District. The Facilities may be acquired from one or more of the property owners within the District as completed public improvements or may be constructed from bond or Special Tax proceeds.

All or a portion of the Facilities may be purchased with District funds as completed public facilities pursuant to Section 53314.9 or as discrete portions or phases pursuant to Section 53313.51 of the Act and/or constructed w ith District funds pursuant to Section 53316.2 of the Act. Any portion of the Facilities may be financed through a lease or lease -purchase Docusign Envelope ID: F6EFC87B-D6AD-4035-A00E-15568355A0B0 881
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arrangement if the District hereafter determines that such arrangement is of benefit to the District.

Section 5. Except where funds are otherwise available, it is the intention of the City Council to levy annually in accordance with the procedures contained in the Act the Special Tax, secured by recordation of a continuing lien against all nonexempt real property in the District, sufficient to pay for: (i) the Facilities and Incidental Expenses; and (ii) the principal and interest and other periodic costs on bonds or other indebtedness issued to finance the Facilities and Incidental Expenses, including the establishment and replenishment of any reserve funds deemed necessary by the District, and any remarketing, credit enhancement and liquidity facility fees (including such fees for instruments which serve as the basis of a reserve fund in lieu of cash).

The rate and method of apportionment and manner of collection of the Special Tax are described in detail in Exhibit “C” attached hereto, which Exhibit “C” is incorporated herein by this reference. Exhibit “C” allows each landowner within the District to estimate the max imum amount of the Special Tax that may be levied against each parcel. In the first year in which such Special Tax is levied, the levy shall include an amount sufficient to repay to the District all amounts, if any, transferred to the District pursuant to Section 53314 of the Act and interest thereon.

If the Special Tax is levied against any parcel used for private residential purposes, (i) the maximum Special Tax rate shall be specified as a dollar amount which shall be calculated and established not later than the date on which the parcel is first subject to the Special Tax because of its use for private residential purposes and shall not b e increased over time, except as set forth in Exhibit “C” hereto, (ii) such Special Tax shall not be levied after fiscal year 2067-2068, as described in Exhibit “C” hereto, and (iii) under no circumstances will the Special Tax levied in any fiscal year aga inst any such parcel used for private residential uses be increased as a consequence of delinquency or default by the owner or owners of any other parcel or parcels within the District by more than ten percent (10%) above the amount that would have been levied in that fiscal year had there never been any such delinquencies or defaults.

The Special Tax is based on the expected demand that each parcel of real property within proposed Community Facilities District No. 2026-1 will place on the Facilities and on the benefit that each parcel derives from the right to access the Facilities. The City Council hereby determines that the proposed Facilities are necessary to meet the increased demand placed upon the City and the exis ting infrastructure in the City as a result of the development of the land proposed for inclusion in the District. The City Council hereby determines the rate and method of apportionment of the special tax with respect to the Special Tax set forth in Exhibit “C” to be reasonable. The Special Tax is apportioned to each parcel on the foregoing basis pursuant to Section 53325.3 of the Act and such special tax is not on or based upon the value or ownership of real property. In the event that a portion of the property within Community Facilities District No. 2026-1 shall become for any reason exempt, wholly or partially, from the levy of the Special Tax specified on Exhibit “C,” the City Council shall, on behalf of Community Facilities District No. 2026-1, cause the levy to be increased, subject to the limitation of the maximum Special Tax for a parcel as set forth in Exhibit “C,” to the extent necessary upon the remaining property within proposed Community Facilities District No. 2026-1 which is not exempt in order to yield the Special Tax revenues required for the purposes described in this Section 5. The obligation to pay the Special Tax may be prepaid only as set forth in Section G of Exhibit “C” hereto.

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Section 6. A public hearing (the “Hearing”) on the es tablishment of the proposed Community Facilities District No. 2026-1, the proposed rate and method of apportionment of the Special Tax and the proposed issuance of bonds to finance the Facilities and the Incidental Expenses shall be held at 6:00 p.m., or as soon thereafter as practicable, on April 21, 2026, at the City of Murrieta Council Chambers , 1 Town Square , Murrieta, California. Should the City Council determine to form the District, a special election will be held to authorize the issuance of the bonds and the levy of the special tax in accordance with the procedures contained in Government Code Section 53326. If held, the proposed voting procedure at the election will be a landowner vote with each landowner who is the owner of record of land within the District at the close of the Hearing, or the authorized representative thereof, having one vote for each acre or portion thereof owned within the proposed District. Ballots for the special election may be distributed by mail or by personal service.

Section 7. At the time and place set forth above for the Hearing, the City Council will receive testimony as to whether the proposed Community Facilities District No. 2026-1 shall be established and as to the method of apportionment of the special tax and shall consider:
(a) if an ad valorem property tax is currently being levied on property within proposed Community Facilities District No. 2026-1 for the exclusive purpose of paying principal of or interest on bonds, lease payments or other indebtedness incurred to finance construction of capital facilities; and
(b) if the capital facilities to be financed and constructed by Community Facilities District No. 2026-1 will provide the same serv ices as were provided by the capital facilities mentioned in subsection (a); and
(c) if the City Council makes the findings specified in subsections (a) and (b) above, it will consider appropriate action to determine whether the total annual amount of ad v alorem property tax revenue due from parcels within Community Facilities District No. 2026-1, for purposes of paying principal and interest on the debt identified in subsection (a) above, shall not be increased after the date on which Community Facilities District No. 2026-1 is established, or after a later date determined by the City Council with the concurrence of the legislative body which levied the property tax in question.

Section 8. At the time and place set forth above for the Hearing, any intereste d person, including all persons owning lands or registered to vote within proposed Community Facilities District No. 2026-1, may appear and be heard.

Section 9. Each City officer who is or will be responsible for providing the Facilities within proposed Community Facilities District No. 2026-1, if it is established, is hereby directed to study the proposed District and, at or before the time of the above -mentioned Hearing, file a report with the City Council containing a brief description of the public faci lities by type which will in his or her opinion be required to meet adequately the needs of Community Facilities District No. 2026-1 and an estimate of the cost of providing those public facilities, including the cost of environmental evaluations of such f acilities and an estimate of the fair and reasonable cost of any Incidental Expenses to be incurred.

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Section 10. The District may accept advances of funds or work -in-kind from any source, including, but not limited to, private persons or private entities , for any authorized purpose, including, but not limited to, paying any cost incurred in creating Community Facilities District No. 2026-1. The District may enter into an agreement with the person or entity advancing the funds or work -in-kind, to repay al l or a portion of the funds advanced, or to reimburse the person or entity for the value, or cost, whichever is less, of the work -in-kind, as determined by the City Council, with or without interest.

Section 11. The City Clerk is hereby directed to publi sh a notice (the “Notice”) of the Hearing pursuant to Section 6061 of the Government Code in a newspaper of general circulation published in the area of proposed Community Facilities District No. 2026-1. The City Clerk is further directed to mail a copy o f the Notice to each of the landowners within the boundaries of the District at least 15 days prior to the Hearing. The Notice shall contain the text or a summary of this Resolution, the time and place of the Hearing, a statement that the testimony of all interested persons or taxpayers will be heard, a description of the protest rights of the registered voters and landowners in the proposed district and a description of the proposed voting procedure for the election required by the Act. Such publication shall be completed at least seven (7) days prior to the date of the Hearing.

Section 12. The reasonably expected aggregate maximum principal amount of the bonded indebtedness to be incurred by the District for the Facilities and Incidental Expenses is Eight Million Dollars ($8,000,000).

Section 13. The form of the Reimbursement Agreement is hereby approved. The Mayor, the City Manager, the Assistant City Manager, or their written designees are hereby authorized and directed to execute and deliver the Reimbursement Agreement in the form on file with the City Clerk with such changes, insertions and omissions as may be approved by the officer or officers executing su ch agreement, said execution being conclusive evidence of such approval.

Section 14. Except to the extent limited in any bond resolution or trust indenture related to the issuance of bonds, the City Council hereby reserves to itself all rights and powers set forth in Section 53344.1 of the Act (relating to tenders in full or partial payment).

Section 15. This Resolution shall be effective upon its adoption.

PASSED AND ADOPTED by the City Council at a regular meeting held on the 17th day of March, 2026.

_____________________________
Jon Levell, Mayor
ATTEST:

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Resolution No. 26-4915

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____________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM:

_____________________________
Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 26-4915 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 17th day of March, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

RECUSAL:
_____________________________
Cristal McDonald, City Clerk

DeForest
None
None
Warren, Stone, Holliday, Levell
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EXHIBIT A

BOUNDARY MAP

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EXHIBIT B
Types of Facilities
to Be Financed by
Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta The proposed types of public facilities and expenses to be financed by the District include:

The construction, purchase, modification, expansion , rehabilitation and/or improvement of (i) storm drainage, library, park, law enforcement, fire, streets and bridges, traffic, administration and community center facilities, and other public facilities of the City, including the foregoing public facilities which are included in the City’s fee programs with respect to such facilities and authorized to be financed under the Act (the “City Facilities”) , (ii) interim and permanent school facilities of Murrieta Valley Unified School District, including classrooms, multi-purpose facilities, administration and auxiliary space at school facilities, athletic fields, playgrounds and recreational facilities and improvements thereto, landscaping, access roadways, drainage, sidewalks and gutters and utility lines, furniture, equipment and technology, including technology upgrades and mobile devices and infrastructure therefore, with a useful life of at least five (5) years at such school facilities, including such school facilities Murrieta Valley Unified School District which are included in Murrieta Valley Unified School District’s school fee program (the “School Facilities” ) and (iii) water and sewer facilities to be owned and operated by Western Municipal Water Distri ct including the acquisition of capacity in the sewer system and/or water system of Western Municipal Water District (the “Water Facilities” and together, with the City Facilities and the School Facilities , the “Facilities”), and all appurtenances and appurtenant work in connection with the foregoing Facilities, including the cost of engineering, planning, designing, materials testing, coordination, construction staking, construction management and supervision for such Facilities, and to finance the inciden tal expenses to be incurred, including:
a. The cost of engineering, planning and designing the Facilities; b. All costs, including costs of the property owner petitioning to form the District, associated with the creation of the District, the issuance of t he bonds, the determination of the amount of special taxes to be levied and costs otherwise incurred in order to carry out the authorized purposes of the District; and
c. Any other expenses incidental to the construction, acquisition, modification, rehabilitation, completion and inspection of the Facilities.

Capitalized terms used and not defined herein shall have the meaning set forth in the Rate and Method of Apportionment of Special Taxes for the District.

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EXHIBIT C

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAXES FOR
COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH)

OF THE CITY OF MURRIETA
A Special Tax (all capitalized terms are defined in Section A, “Definitions”, below) shall be applicable to each Assessor’s Parcel of Taxable Property located within the boundaries Community Facilities District No. 2026 -1 (Gierson Ranch) of the City of Murrieta ("CFD No. 2026-1"). The amount of Special Tax to be levied in each Fiscal Year on an Assessor’s Parcel shall be determined by the City Council of the City of Murri eta, acting in its capacity as the legislative body of CFD No. 2026 -1, by applying the appropriate Special Tax for Developed Property, Approved Property, Undeveloped Property, and Provisional Undeveloped Property that is not Exempt Property as set forth below. All of the real property, unless exempted by law or by the provisions hereof in Section F, shall be taxed for the purposes, to the extent and in the manner herein provided.

A. DEFINITIONS

The terms hereinafter set forth have the following meanings:

“Accessory Dwelling Unit” means a residential unit of limited size including a smaller second unit that shares an Assessor’s Parcel with Single Family Residential Property that has a stand - alone Residential Unit.

"Acre” or “Acreage" means the land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map or instrument. The square footage of an Assessor’s Parcel is equal to the Acreage multiplied by 43,560.

"Act" means the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the Gov ernment Code of the State of California.

"Administrative Expenses" means the following actual or reasonably estimated costs directly related to the administration of CFD No. 2026 -1: the costs of computing the Special Taxes and preparing the Special Tax collection schedules (whether by the City or designee thereof or both ); the costs of collecting the Special Taxes (whether by the City or otherwise); the costs of remitting Special Taxes to the Trustee; the costs of the Trustee (including legal counsel) in the discharge of the duties required of it under the Indenture; the costs to the City, CFD No. 2026 -1 or any designee thereof of complying with arbitrage rebate requirements; the costs to the City, CFD No. 2026-1 or any designee thereof of complying with disclosure requirements of the City, CFD No. 2026 -1 and any major pro perty owner associated with applicable federal and state securities laws and the Act; the costs associated with preparing Special Tax disclosure statements and responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2026-1 or any designee thereof related to an appeal of the Special Tax; the costs associated with the release of funds from an escrow account; and the City’s annual administration fees and third Docusign Envelope ID: F6EFC87B-D6AD-4035-A00E-15568355A0B0 888

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party expenses. Administrati ve Expenses shall also include amount s estimated by the CFD Administrator or advanced by the City or CFD No. 2026 -1 for any other administrative purposes of CFD No. 2026 -1, including attorney’s fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes.

"Approved Property" means all Assessor’s Parcels of Taxable Property: (i) that are included in a Final Map that was recorded prior to the January 1 st preceding the Fiscal Year in which the Special Tax is being levied, (ii) that have an assigned Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) that have not been issued a building permit on or before May 1 st preceding the Fiscal Year in which the Special Tax is being levied.

"Assessor’s Parcel" means a lot or parcel of land designated on an Assessor’s Parcel Map with an assigned Assessor’s Parcel Number.

"Assessor’s Parcel Map" means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.

"Assessor’s Parcel Number" means that number assigned to an Assessor’s Parcel by the County for purposes of identification.

"Assigned Special Tax" means the Special Tax of that name described in Section D below.

"Backup Special Tax" means the Special Tax of that name described in Section D below.

"Bonds" means any obligation to repay a sum of money, including obligations in the form of bonds, notes, certificates of participation, long -term leases, loans from government agencies, or loans from banks, other financial institutions, private businesses, or individuals, or long -term contracts, or any refunding thereof, to which Special Tax of CFD No. 2026-1 have been pledged.

"Boundary Map" means a recorded map of the CFD which indicates the boundaries of the CFD.

"Building Permit" means the first legal document issued by a local agency giving official permission for new construction. For purposes of this definition, “Building Permit” may or may not include any subsequent building permit document(s) authorizing new construction on an Assessor’s Parcel that are issued or changed by the City after the first original issuance, as determined by the CFD Administrator as necessary to fairly allocate Special Tax to the Assessor’s Parcel, provided that following such determination the Maximum Special Tax that may be levied in each Fiscal Year on all Assessor’s Parcels of Taxable Property will be at least

1.1 times annual debt service on all outstanding CFD No. 2026 -1 Bonds plus the estimated annual Administrative Expenses for such Fiscal Year.

"Building Square Footage" or "BSF" means the square footage of assessable internal living space, including the square footage of any Accessory Dwelling Unit, exclusive of garages or other structures not used as living space, as determined by reference to the Building Permit for such Assessor’s Parcel.

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"Calendar Year" means the period commencing January 1 of any year and ending the following December 31.

“CFD” or "CFD No. 2026 -1" means Community Facilities Di strict No. 2026 -1 (Gierson Ranch) of the City of Murrieta established by the City under the Act.

“CFD Administrator" means an official of the City, or designee thereof, responsible for determining the Special Tax Requirement, and providing for the levy and collection of the Special Taxes.

“City” means the City of Murrieta.

"City Council" means the City Council of the City of Murrieta, acting as the Legislative Body of CFD No. 2026-1.

“Condominium Plan" means a condominium plan as set forth in Californ ia Civil Code, Section 4285.

"County" means the County of Riverside.

"Developed Property" means all Assessor’s Parcels: (i) that are included in a Final Map that was recorded prior to the January 1 st preceding the Fiscal Year in which the Special Tax is being levied, (ii) that have an Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) for which a Building Permit for new construction was issued on or before May 1 st preceding the Fiscal Year in which the Special Tax is being levied.

"Exempt Property" means all Assessor’s Parcels designated as being exempt from Special Taxes as provided for in Section F.

"Final Map" means a subdivision of property by recordation of a final m ap, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a Condominium Plan pursuant to California Civil Code Section 4285 that creates individual lots for which Buildi ng Permits may be issued without further subdivision.

"Fiscal Year" means the period commencing on July 1 st of any year and ending the following June 30th.

“Indenture” means the indenture, fiscal agent agreement, resolution or other instrument pursuant t o which CFD No. 2026 -1 Bonds are issued, as modified, amended and/or supplemented from time to time, and any instrument replacing or supplementing the same.

“Land Use Category” means any of the categories listed in Table 1 of Section D.

"Maximum Special Tax" means for each Assessor’s Parcel, the maximum Special Tax, determined in accordance with Section D below, that can be levied by CFD No. 2026 -1 in any Fiscal Year on such Assessor’s Parcel.

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“Multifamily Property” means all Assessor’s Parcels of Developed Property for which a Building Permit has been issued for the purpose of constructing a building or buildings comprised of attached Residential Units available for rental by the general public, not for sale to an end user, and under common management, as determined by the CFD Administrator.

"Non-Residential Property" or “NR” means all Assessor's Parcels for which a building permit(s) was issued or will be issued for a non -residential use. The CFD Administrator sha ll make the determination if an Assessor’s Parcel is Non-Residential Property.

"Partial Prepayment Amount" means the amount required to prepay a portion of the Special Tax obligation for an Assessor’s Parcel, as described in Section G.2.

"Prepayment Amount" means the amount required to prepay the Special Tax obligation in full for an Assessor’s Parcel, as described in Section G.1.

“Proportionately” means for Taxable Property that is (i) Developed Property, that the ratio of the actual Special Tax levy to the Assigned Special Tax is the same for all Assessor’s Parcels of Developed Property, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Assessor’s Parcels of Approved Property, and (iii) Undeveloped Property, or Provisional Undeveloped Property, that the ratio of the actual Special Tax levy per Acre to the Maximum Special Tax per Acre is the same for all Assessor’s Parcels of Undeveloped Property, or Provisional Undeveloped Property, as applicable.

"Provisional Undeveloped Property" means all Assessor’s Parcels of Taxable Property that would otherwise be classified as Exempt Property pursuant to the provisions of Section F, but cannot be classified as Exempt Property because to do so would be reduce the Acreage of all Taxable Property below the required minimum Acreage set forth in Section F.

"Rate and Method of Apportionment " means this Rate and Method of Apportionment of Special Tax for CFD No. 2026-1.

"Residential Property" means all A ssessor’s Parcels of Developed Property for which a building permit has been issued for purposes of constructing one or more Residential Units.

“Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one o r more persons, as determined by the CFD Administrator. An Accessory Dwelling Unit that shares an Assessor’s Parcel with a Single Family Residential Property shall not be considered a Residential Unit for purposes of this Rate and Method of Apportionment.

“Single Family Residential Property” means all Assessor’s Parcels of Residential Property other than Multifamily Property.

"Special Tax" or “Special Taxes” means any of the special taxes authorized to be levied within CFD No. 2026-1 pursuant to the Act to fund the Special Tax Requirement.

"Special Tax Requirement " means the amount required in any Fiscal Year to pay: (i) the debt service or the periodic costs on all outstanding Bonds due in the Calendar Year that commences Docusign Envelope ID: F6EFC87B-D6AD-4035-A00E-15568355A0B0 891

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in such Fiscal Year, (ii) Admin istrative Expenses, (iii) the costs associated with the release of funds from an escrow account, (iv) any amount required to replenish any reserve funds established in association with the Bonds, (v) an amount equal to any anticipated shortfall due to Special Tax delinquencies, (vi) for debt service on Bonds anticipated to be issued, and (vii) for the collection or accumulation of funds for the acquisition or construction of facilities authorized by CFD No. 2026-1, provided that the inclusion of such amount does not cause an increase in the levy of Special Tax on Approved Property or Undeveloped Property as set forth in Steps Two or Three of Section E., less (vii) any amounts available to pay debt service or other periodic costs on the Bonds pursuant to the Indenture.

"Taxable Property" means all Assessor’s Parcels within CFD No. 2026 -1 which are not Exempt Property.

“Taxable Unit” means either a Residential Unit or an Acre.

“Trustee” means the trustee, fiscal agent, or paying agent under the Indenture.

"Undeveloped Property" means all Assessor’s Parcels of Taxable Property which are not Developed Property, Approved Property, or Provisional Undeveloped Property.

B. SPECIAL TAX

Commencing Fiscal Year 2025-2026 and for each subsequent Fiscal Year, the Cit y Council shall levy Special Taxes on all Taxable Property, up to the applicable Maximum Special Tax, to fund the Special Tax Requirement.

C. ASSIGNMENT TO LAND USE CATEGORY FOR SPECIAL TAX

Each Fiscal Year, beginning with Fiscal Year 2025 -2026, each As sessor’s Parcel within CFD No. 2026 -1 shall be classified as Taxable Property or Exempt Property. In addition, each Assessor’s Parcel of Taxable Property shall be further classified as Developed Property, Approved Property, Undeveloped Property or Provisional Undeveloped Property.

Assessor’s Parcels of Developed Property shall further be classified as Residential Property or Non-Residential Property. Each Assessor’s Parcel of Residential Property shall further be classified as Single Family Residential Property or Multifamily Property. Each Assessor’s Parcel of Single Family Residential Property shall be further categorized into Land Use Categories based on its Building Square Footage and assigned to its appropriate Assigned Special Tax rate.

In the event that an Assessor’s Parcel for which one or more Building Permits have been issued and the County has not yet assigned final Assessor’s Parcel Number(s) to the Residential Unit(s) (in accordance with the Final Map or Condominium Plan) on such Assessor’ s Parcel, the amount of the Special Tax levy on such Assessor’s Parcel for each Fiscal Year shall be determined as follows: (1) the CFD Administrator shall first determine an amount of the Maximum Special Tax levy for such Assessor’s Parcel, based on the c lassification of such Assessor’s Parcel as Undeveloped Property; (2) the amount of the Special Tax levy for the Residential Units on such Assessor’s Parcel for which Building Permits have been issued shall be determined based on the Assigned Special Tax rates for Developed Property and shall be taxed as Developed Property in Docusign Envelope ID: F6EFC87B-D6AD-4035-A00E-15568355A0B0 892

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accordance with Step 1 of Section E below; and (3) the amount of the Special Tax levy on the Acreage of Taxable Property in such Assessor’s Parcel not subject to the Special Tax levy in clause (2) shall be equal to: (A) the percentage of the Maximum Special Tax rate levied on all other Undeveloped Property pursuant to Step 3 of Section E below, multiplied by the total of the amount determined in clause (1), less (B) the amount determined in clause (2).

D. MAXIMUM SPECIAL TAX

1. Developed Property

The Maximum Special Tax for each Assessor’s Parcel of Single Family Residential Property in any Fiscal Year shall be the greater of (i) the Assigned Special Tax or (ii) the Backup Special Tax.

The Maximum Special Tax for each Assessor’s Parcel of Non -Residential or Multifamily Residential Property shall be the applicable Assigned Special Tax described in Table 1 of Section D.

a. Assigned Special Tax

Each Fiscal Year, each Assessor’s Parcel of Single Family Residential Property, Multifamily Property or Non -Residential shall be subject to an Assigned Special Tax. The Assigned Special Tax applicable to an Assessor's Parcel of Developed Property shall be determined pursuant to Table 1 below.

TABLE 1

ASSIGNED SPECIAL TAX FOR DEVELOPED PROPERTY
(FISCAL YEAR 2025-2026)

Land Use Category
Taxable
Unit
Building Square
Footage
Assigned
Special Tax
Per Taxable
Unit

1. Single Family Residential
Property RU Less than 1,950 sq. ft $3,956.00

2. Single Family Residential
Property RU
1,950 sq. ft to 2,150 sq.
ft $4,067.00

3. Single Family Residential
Property RU Greater than 2,150 sq. ft $4,179.00

4. Multifamily Property Acre N/A $51,476.00

5. Non-Residential Property Acre N/A $51,476.00
On each July 1, commencing July 1, 2026, the Assigned Special Tax rate for Developed Property in shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

b. Multiple Land Use Categories

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In some instances an Assessor’s Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax levied on an Assessor’s Parcel shall be the sum of the Maximum Special Tax for all Land Use Categories located on the Assessor’s Parcel. The CFD Administrator’s allocation to each type of property shall be final.

c. Backup Special Tax

When a Final Map is recorded, the Administrator shall determine which Tax Zone the Final Map area lies within and the Backup Special Tax for an Assessor’s Parcel wi thin the Final Map classified or to be classified as Single Family Property shall calculated according to the following formula.

B = (U x A) / L

The terms above have the following meanings:

B = Backup Special Tax per per Assessor’s Parcel within the Final Map

U = Maximum Special Tax per Acre of Undeveloped Property per Section D.3 below

A = Acreage of Single Family Residential Property expected to exist in such Final Map at the time of calculation, as determined by the Administrator

L = Number of Residential Units expected to exist in such Final Map at the time of calculation, as determined by the Administrator.

In the event any portion of the Final Map is changed or modified, the Backup Special Tax for all Assessor’s Parcels withi n such changed or modified area shall be determined by Table 3 below:

Notwithstanding the foregoing, the Backup Special Tax for an Assessor’s Parcel of Developed Property for which a certificate of occupancy has been granted may not be revised.

In the ev ent any superseding Final Map is recorded as a Final Map within the boundaries of the CFD, the Backup Special Tax for all Assessor’s Parcels within such Final Map shall be $51,476 per Acre. The Backup Special Tax shall not apply to Multifamily Residential Property or Non-Residential Property.

On each July 1, commencing July 1, 2026, the Backup Special Tax rate shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

2. Approved Property

The Maximum Special Tax for each Assessor’s Parcel of Approved Property expected to be classified as Single Family Residential Property shall be the Backup Special Tax computed pursuant to Section D.1.c above.

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The Maximum Special Tax for each Assessor’s Parcel of Approved Property not ex pected to be classified as Single Family Residential Property shall be $51,476 per Acre.

On each July 1, commencing July 1, 2026, the Maximum Special Tax rate for Approved Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

3. Undeveloped Property and Provisional Undeveloped Property that is not Exempt Property pursuant to the provisions of Section F

The Maximum Special Tax for each Assessor’s Parcel of Undeveloped Property and Provisional Undeveloped Property that is not Exempt Property shall be equal to the product of $51,476 per Acre multiplied by the Acreage of such Assessor’s Parcel.

On each July 1, commencing July 1, 2026, the Maximum Special Tax rate for Undeveloped Property and Provisional Undeveloped Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

E. METHOD OF APPORTIONMENT OF THE SPECIAL TAX

Commencing Fiscal Year 2025-2026 and for each subsequent Fiscal Year, the City Council shall levy Special Taxes on all Taxable Property in accordance with the following steps:

Step One: The Special Tax shall be levied Proportionately on each Assessor’s Parcel of Developed Property at up to 100% of the applicable Assigned Special Tax rate to satisfy the Special Tax Requirement.

Step Two: If additional moneys are needed to satisfy the Special Tax Requirement after the first step has been completed, the Special Tax shall be levied Proportionately on each Assessor’s Parcel of Approved Property at up to 100% of the Maximum Special Tax applicable to each such Assessor ’s Parcel as needed to satisfy the Special Tax Requirement.

Step Three: If additional moneys are needed to satisfy the Special Tax Requirement after the first two steps have been completed, the Special Tax shall be levied Proportionately on each Assessor’ s Parcel of Undeveloped Property up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel as needed to satisfy the Special Tax Requirement.

Step Four: If additional moneys are needed to satisfy the Special Tax Requirement after the first three steps have been completed, then the Special Tax levy on each Assessor's Parcel of Developed Property for which the Maximum Special Tax is the Backup Special Tax shall be increased Proportionately from the Assigned Special Tax up to 100% of the Backup Special Tax as needed to satisfy the Special Tax Requirement.

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Step Five: If additional moneys are needed to satisfy the Special Tax Requirement after the first four steps have been completed, the Special Tax shall be levied Proportionately on each Assessor’s Parcel of Provisional Undeveloped Property up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel as needed to satisfy the Special Tax Requirement.

Notwithstanding the above, under no circumstances will the Special Taxe s levied in any Fiscal Year against any Assessor’s Parcel of Residential Property as a result of a delinquency in the payment of the Special Tax applicable to any other Assessor’s Parcel be increased by more than ten percent (10%) above the amount that wou ld have been levied in that Fiscal Year had there never been any such delinquency or default.

F. EXEMPTIONS

The City shall classify as Exempt Property, in the following order of priority, (i) Assessor’s Parcels which are owned by, irrevocably offered fo r dedication, encumbered by or restricted in use by the State of California, Federal or other local governments, including school districts, (ii) Assessor’s Parcels which are used as places of worship and are exempt from ad valorem property taxes because they are owned by a religious organization, (iii) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by a homeowners' association, (iv) Assessor’s Parcels with public or utility easements making impractical their utilization for other than the purposes set forth in the easement, (v) Assessor’s Parcels which are privately owned and are encumbered by or restricted solely for public uses, (vi) Assessor’s Parcels which are classified as Non -Residential P roperty or (vii) Assessor’s Parcels restricted to other types of public uses determined by the City Council, provided that no such classification would reduce the sum of all Taxable Property to less than 8.48 Acres.

Notwithstanding the above, the City Council shall not classify an Assessor’s Parcel as Exempt Property if such classification would reduce the sum of all Taxable Property to less than 8.48 Acres. Assessor's Parcels which cannot be classified as Exempt Property because such classification would reduce the Acreage of all Taxable Property to less than 8.48 Acres will be classified as Provisional Undeveloped Property, and will be subject to Special Tax pursuant to Step Five in Section E.

G. PREPAYMENT OF SPECIAL TAX

The following additional definitions apply to this Section G:
“CFD Public Facilities” means $6,000,000 expressed in 2026 dollars, which shall increase by the Construction Inflation Index on July 1, 2026, and on each July 1 thereafter, or such lower amount (i) determined by the City Council as sufficient to provide the public facilities under the authorized bonding program for CFD No. 2026 -1, or (ii) determined by the City Council concurrently with a covenant that it will not issue any more CFD No. 2026 -1 Bonds to be supported by Special Tax levied under this Rate and Method of Apportionment.

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“Construction Fund” means an account specifically identified in the Indenture or functionally equivalent to hold funds, which are currently available for expenditure to acquire or construct public facilities eligible to be financed by CFD No. 2026-1.

“Construction Inflation Index” means the annual percentage change in the Engineering News - Record Building Cost Index for the City of Los Angeles, measured as of the Calendar Year which ends in the pr evious Fiscal Year. In the event this index ceases to be published, the Construction Inflation Index shall be another index as determined by the City that is reasonably comparable to the Engineering News-Record Building Cost Index for the City of Los Angeles.

“Future Facilities Costs” means the CFD Public Facilities minus (i) public facility costs previously funded from the Construction Fund, (ii) public facility costs available to be funded through existing construction or escrow accounts funded by the O utstanding Bonds, and minus (iii) public facility costs funded by interest earnings on the Construction Fund actually earned prior to the date of prepayment.

“Outstanding Bonds” means all previously issued CFD No. 2026 -1 Bonds issued and secured by the levy of Special Tax which will remain outstanding after the first interest and/or principal payment date following the current Fiscal Year, excluding CFD No. 2026 -1 Bonds to be redeemed at a later date with the proceeds of prior prepayments of Special Tax.

1. Prepayment in Full
The Maximum Special Tax obligation may be prepaid and permanently satisfied for (i) Assessor’s Parcels of Developed Property, (ii) Assessor’s Parcels of Approved Property or Undeveloped Property for which a Building Permit has been is sued, (iii) Approved Property or Undeveloped Property for which a Building Permit has not been issued and (iv) Assessor’s Parcels of Public Property or Property Owner’s Association Property, or Provisional Undeveloped Property that are not Exempt Propert y pursuant to Section F. The Maximum Special Tax obligation applicable to an Assessor’s Parcel may be fully prepaid and the obligation to pay the Special Tax for such Assessor’s Parcel permanently satisfied as described herein; provided that a prepayment may be made only if there are no delinquent Special Taxes with respect to such Assessor’s Parcel at the time of prepayment. An owner of an Assessor’s Parcel intending to prepay the Maximum Special Tax obligation for such Assessor’s Parcel shall provide th e CFD Administrator with written notice of intent to prepay, and within 5 business days of receipt of such notice, the CFD Administrator shall notify such owner of the amount of the non-refundable deposit determined to cover the cost to be incurred by the CFD in calculating the Prepayment Amount (as defined below) for the Assessor’s Parcel. Within 15 days of receipt of such non -refundable deposit, the CFD Administrator shall notify such owner of the Prepayment Amount for the Assessor’s Parcel. Prepayment must be made not less than 60 days prior to the redemption date for any Outstanding Bonds to be redeemed with the proceeds of such prepaid Special Taxes.

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The Prepayment Amount (defined below) shall be calculated as follows (capitalized terms are defined below):

Bond Redemption Amount
plus Redemption Premium
plus Future Facilities Amount
plus Defeasance Amount
plus Administrative Fees and Expenses
less Reserve Fund Credit
Equals: Prepayment Amount

The Prepayment Amount shall be determined as of the proposed prepayment date as follows:

1. Confirm that no Special Tax delinquencies apply to such Assessor’s Parcel.

2. For an Assessor’s Parcel of Developed Property, compute the Maximum Special Tax for the Assessor’s Parcel. For an Assessor’s Parcel of Approved Property or Undeveloped Property for which a Building Permit has been issued, compute the Maximum Special Tax for the Assessor’s Parcel as though it was already designated as Developed Property, based upon the Building Permit which has been issued for the Assessor’s Parcel. For an Assessor’s Parcel of Approved Property or Undeveloped Property for which a Building Permit has not been issued or Provisional Undeveloped Property to be prepaid compute the Maximum Special Tax for the Assessor’s Parcel.

3. Divide the Maximum Special Tax derived pursuant to paragraph 2 by the total amount of Special Taxes that could be levied at the Maximum Special Tax at build out of all Assessor’s Parcels of Taxable Property based on the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property not including any Assessor’s Parcels for which the Special Tax obligation has been previously prepaid.

4. Multiply the quotient derived pursuant to paragraph 3 by the principal amount of the Outstanding Bonds to determine the amount of Outstanding Bonds to be redeemed with the Prepayment Amount (the “Bond Redemption Amount”).

5. Multiply the Bond Redemption Amount by the applicable redemption premium, if any, on the Outstanding Bonds to be redeemed (the “Redemption Premium”).

6. Determine the Future Facilities Costs.

7. Multiply the quotient derived pursuant to paragraph 3 by the amount determined pursuant to paragraph 6 to determine the amount of Future Facilities Costs for the Assessor’s Parcel (the “Future Facilities Amount”).

8. Determine the amount needed to pay interest on the Bond Redemption Amount from the first bond interest and/or principal payment date following the current Fiscal Year until the earliest redemption date for the Outstanding Bonds on which Outstandin g Bonds can be redeemed from Special Tax prepayments.

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9. Determine the Special Taxes levied on the Assessor’s Parcel in the current Fiscal Year which have not yet been paid.

10. Determine the amount the CFD Administrator reasonably expects to derive from t he investment of the Bond Redemption Amount and the Redemption Premium from the date of prepayment until the redemption date for the Outstanding Bonds to be redeemed with the Prepayment Amount.

11. Add the amounts derived pursuant to paragraphs 8 and 9 and subtract the amount derived pursuant to paragraph 10 (the “Defeasance Amount”).

12. Verify the administrative fees and expenses of the CFD, including the cost of computation of the Prepayment Amount, the cost to invest the Prepayment Amount, the cost of r edeeming the Outstanding Bonds, and the cost of recording notices to evidence the prepayment of the Maximum Special Tax obligation for the Assessor’s Parcel and the redemption of Outstanding Bonds (the “Administrative Fees and Expenses”).

13. The reserve f und credit (the “Reserve Fund Credit”) shall equal the lesser of: (a) the expected reduction in the reserve requirement (as defined in the Indenture), if any, associated with the redemption of Outstanding Bonds as a result of the prepayment, or (b) the amo unt derived by subtracting the new reserve requirement (as defined in the Indenture) in effect after the redemption of Outstanding Bonds as a result of the prepayment from the balance in the reserve fund on the prepayment date, but in no event shall such amount be less than zero.

14. The Prepayment Amount is equal to the sum of the Bond Redemption Amount, the Redemption Premium, the Future Facilities Amount, the Defeasance Amount and the Administrative Fees and Expenses, less the Reserve Fund Credit.

15. From the Prepayment Amount, the Bond Redemption Amount, the Redemption Premium, and Defeasance Amount shall be deposited into the appropriate fund as established under the Indenture and be used to redeem Outstanding Bonds or make debt service payments. The Future Facilities Amount shall be deposited into the Construction Fund. The Administrative Fees and Expenses shall be retained by CFD No. 2026-1.

The Prepayment Amount may be sufficient to redeem other than a $5,000 increment of Outstanding Bonds. In suc h event, the increment above $5,000 or an integral multiple thereof will be retained in the appropriate fund established under the Indenture to be used with the next redemption from other Special Tax prepayments of Outstanding Bonds or to make debt service payments.

As a result of the payment of the current Fiscal Year’s Special Tax levy as determined pursuant to paragraph 9 above, the CFD Administrator shall remove the current Fiscal Year’s Special Tax levy for the Assessor’s Parcel from the County tax roll. With respect to any Assessor’s Parcel for which the Maximum Special Tax obligation is prepaid, the City Council shall cause a suitable notice to be recorded in compliance with the Act, to indicate the prepayment of Maximum Special Tax obligation and the release of the Special Tax lien for the Assessor’s Parcel, and the obligation to pay the Special Tax for such Assessor’s Parcel shall cease.

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Notwithstanding the foregoing, no Special Tax prepayment shall be allowed unless the amount of Maximum Special Tax that may be levied each Fiscal Year on all Assessor’s Parcels of Taxable Property after the proposed prepayment will be at least 1.1 times annual debt service for such Fiscal Year on the Outstanding Bonds that will remain outstanding after the prepayment plus the estimated annual Administrative Expenses.

Tenders of Outstanding Bonds in prepayment of the Maximum Special Tax obligation may be accepted upon the terms and conditions established by the City Council pursuant to the Act.

However, the use of Bond tenders shall only be allowed on a case-by-case basis as specifically approved by the City Council.

2. Prepayment in Part
The Maximum Special Tax obligation for an Assessor’s Parcel of Developed Property, Approved Property or Undeveloped Property may be partially prepaid. For purposes of determining the partial prepayment amount, the provisions of Section G.1 shall be modified as provided by the following formula:

PP = ((PE – A) x F) + A
These terms have the following meaning:

PP = Partial Prepayment Amount
PE = the Prepayment Amount calculated according to Section G.1 F = the percent by which the owner of the Assessor’s Parcel(s) is partially prepaying the Maximum Special Tax obligation
A = the Administrative Fees and Expenses determined pursuant to Section G.1 The owner of an Assessor’s Parcel who desires to partially prepay the Maximum Special Tax obligation for the Assessor’s Parcel shall notify the CFD Administrator of (i) such owner’s intent to partially prepay the Maximum Special Tax obligation, (ii) the percentage of the Maximum Special Tax obligation such owner wishes to prepay, and (iii) the company or agency that will be acting as the escrow agent, if any. Within 5 days of receipt of such notice, the CFD Administrator shall notify such prope rty owner of the amount of the non -refundable deposit determined to cover the cost to be incurred by the CFD in calculating the amount of a partial prepayment. Within 15 business days of receipt of such non -refundable deposit, the CFD Administrator shall notify such owner of the amount of the Partial Prepayment Amount for the Assessor’s Parcel. A Partial Prepayment Amount must be made not less than 60 days prior to the redemption date for the Outstanding Bonds to be redeemed with the proceeds of the Parti al Prepayment Amount.

With respect to any Assessor’s Parcel for which the Maximum Special Tax obligation is partially prepaid, the CFD Administrator shall (i) distribute the Partial Prepayment Amount as provided in Paragraph 15 of Section G.1, and (ii) ind icate in the records of the CFD that there has been a Partial Prepayment for the Assessor’s Parcel and that a portion of the Maximum Special Tax obligation equal to the remaining percentage (1.00 - F) of the Maximum Special Tax obligation will continue to be levied on the Assessor’s Parcel pursuant to Section E.

H. TERMINATION OF SPECIAL TAX
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For each Fiscal Year that any CFD No. 2026 -1 Bonds are outstanding the Special Tax shall be levied on all Assessor’s Parcels subject to the Special Tax. The Special T ax shall cease not later than the 2067-2068 Fiscal Year, however, Special Tax will cease to be levied in an earlier Fiscal Year if the CFD Administrator has determined (i) that all the required interest and principal payments on the CFD No. 2026-1 Bonds have been paid; (ii) all authorized facilities of CFD No. 2026-1 have been acquired and all reimbursements to the developer have been paid, (iii) no delinquent Special Taxes remain uncollected and (iv) all other obligations of CFD No. 2026 -1 have been satisfied.

I. MANNER OF COLLECTION

The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 2026 -1 may collect Special Taxes at a different time or in a different manner if necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on delinquent Assessor’s Parcels as permitted by the Act.

J. APPEALS OF SPECIAL TAXES

Any taxpayer may file a written appeal of the Special Taxes on his/her Assessor’s Parcel(s) with the CFD Administrator, provided that the appellant is current in his/her payments of Special Taxes. During pendency of an appeal, all Special Taxes previously levied must be paid on or before the payment date established when the levy was made. The appeal must specify the reasons why the appellant claims the Special Tax is in error. The CFD Admi nistrator shall review the appeal, meet with the appellant if the CFD Administrator deems necessary, and advise the appellant of its determination. If the CFD Administrator agrees with the appellant, the CFD Administrator shall grant a credit to eliminate or reduce future Special Taxes on the appellant’s Assessor’s Parcel(s). No refunds of previously paid Special Taxes shall be made.

The CFD Administrator shall interpret this Rate and Method of Apportionment and make determinations relative to the annual levy and administration of the Special Taxes and any taxpayer who appeals, as herein specified.

K. INTERPRETATION

Interpretations may be made by the Council by ordinance or resolution for purposes of clarifying any vagueness or ambiguity in this Rate and Method of Apportionment.

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RESOLUTION NO. 26-4939

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA, ESTABLISHING COMMUNITY FACILITIES DISTRICT
NO. 2026-1 (GIERSON RANCH) OF THE CITY OF MURRIETA,

AUTHORIZING THE LEVY OF A SPECIAL TAX THEREIN, CALLING

AN ELECTION AND APPROVING AND AUTHORIZING CERTAIN

ACTIONS RELATED THERETO
WHEREAS, the City Council (the “City Council”) of the City of Murrieta (the “City”) has heretofore adopted Resolution No. 26-4915 stating its intention to form Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta (“Community Facilities District No. 2026-1” or the “District”) pursuant to the Mello -Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”); and
WHEREAS, a copy of Resolution No. 26-4915 setting forth a description of the proposed boundaries of Community Facilities District No. 2026-1, the facilities and incidental expenses to be financed by the District and the rate and method of apportionment of the special tax proposed to be levied within the District is on file with the City Clerk; and WHEREAS, notice was published and mailed to all landowners of the land proposed to be included within the District as required by law relative to the intention of this City Council to form proposed Community Facilities District No. 2026-1 and to levy a special tax (the “Special Tax”) and to incur bonde d indebtedness in one or more series in the maximum aggregate principal amount of $8,000,000 therein to finance the facilities and incidental expenses described in Resolution No. 26-4915; and
WHEREAS, due to certain complexities of the proposed formation of Community Facilities District No. 2026 -1 (Gierson Ranch), on April 21, 2026, the public hearing called for such date relative to the proposed formation of Community Facilities District No. 2026 -1 (Gierson Ranch) and the levy of the special tax therein was opened and continued to June 2, 2026; and
WHEREAS, on June 2, 2026 , this City Council conducted a noticed public hearing as required by law relative to the proposed formation of Community Facilities District No. 2026-1, the levy of the Special Tax therein and the issuance of bonded indebtedness by the District; and WHEREAS, at the June 2, 2026, public hearing there was filed with this City Council a report containing a description of the facilities ne cessary to meet the needs of the District and an estimate of the cost of such facilities as required by Section 53321.5 of the Act (the “Engineer’s Report”); and
WHEREAS, at the June 2, 2026 , public hearing all persons desiring to be heard on all matters pertaining to the formation of Community Facilities District No. 2026-1, the levy of the Special Tax and the issuance of bonded indebtedness were heard and full and fair hearings were held; and
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WHEREAS, following the public hearing, this City Council has de termined to authorize the formation of the District to finance the types of facilities (the “Facilities”) and the incidental expenses (the “Incidental Expenses”) set forth in Exhibit A hereto, which are described in more detail in the Engineer’s Report; and
WHEREAS, at the public hearing evidence was presented to this City Council on the matters before it, and the proposed Special Tax to be levied within the District was not precluded by a majority protest of the type described in Section 53324 of the Act, and this City Council at the conclusion of the hearing was fully advised as to all matters relating to the formation of the District, the levy of the Special Tax and the issuance of bonded indebtedness therein; and WHEREAS, this City Council has determined , based on a Certificate of Registrar of Voters of the County of Riverside on file in the office of the City Clerk, that no registered voters have been residing in the proposed boundaries of Community Facilities District No. 2026-1 for each of the 90 days prior to June 2, 2026 and that the qualified electors in Community Facilities District No. 2026-1 are the landowners within the District; and WHEREAS, on the basis of all of the foregoing, this City Council has determined to proceed with the establishment of Community Facilities District No. 2026-1 and to call an election therein to authorize (i) the levy of Special Tax pursuant to the rate and method of apportionment of the special tax, as set forth in Attachment C to Resolution No. 26-4915 (the “Rate and Method”), (ii) the issuance of bonds to finance the Facilities and Incidental Expenses, and (iii) the establishment of an appropriations limit for Community Facilities District No. 2026- 1; and
WHEREAS, in order to facilitate the funding of the Facilities, the legislative body of the District desires to enter into a n Acquisition , Construction and Funding Agreement (the “Acquisition Agreement ”) with Century Communities of California, LLC, a Delaware limited liability company (the “Developer”) and the form of the Acquisition Agreement is on file with the City Clerk; and
WHEREAS, in connection with the proposed formation of the District, the City proposes to enter into a Joint Community Facilities Agreement (the “ School District JCFA”) with the Murrieta Valley Unified School District (the “School District”) and the Developer, relating to certain facilities proposed to be financed by the District and owned and operated by the School District and the form of the School District JCFA is on file with the City Clerk; WHEREAS, in connection with the proposed formation of the District, the City proposes to enter into a Joint Community Facilities Agreement (the “Water District JCFA”) with Western Municipal Water District (the “Water District”), relating to certain facilities proposed to be financed by the District and owned and operated by the Water District and the form of the Water District JCFA is on file with the City Clerk;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF T HE CITY OF MURRIETA AS FOLLOWS:

Section 1. The above recitals is true and correct.
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Section 2. A community facilities district to be designated “Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta” is hereby established pursuant to the Act. The City Council hereby finds and determines that all prior proceedings taken with respect to the establishment of the District were valid and in conformity with the requirements of law, including the Act. This finding is made in accordance with the provisions of Section 53325.1(b) of the Act.

Section 3. The boundaries of Community Facilities District No. 2026-1 are established as shown on the map designated “ Proposed Boundary Map Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta, County of Riverside, State of California”, which map is on file in the office of the City Clerk and was recorded pursuant to Sections 3111 and 3113 of the Streets and Highways Code in the County Book of Maps of Assessment and Community Facilities Distric ts in the Assessor -County Clerk-Recorder’s office of the County of Riverside in Book No. 99 Page No. 20 on March 27, 2026 as Instrument No. 2026-0092328.

Section 4. The types of Facilities and Incidental Expenses authorized to be provided for Community Facilities Dis trict No. 2026-1 are those set forth in Exhibit A attached hereto.

The estimated cost of the Facilities and Incidental Expenses to be financed is set forth in the Engineer’s Report, which estimates may change as the Facilities are designed and bid for construction and acquisition, as applicable.

The City is authorized by the Act to contribute revenue to, or to construct or acquire the Facilities, all in accordance with the Act. The City Council finds and determines that the proposed Facilities are necessa ry to meet the increased demand that will be placed upon local agencies and public infrastructure as a result of new development within the District and that the Facilities to be financed, including those to be financed pursuant to the School District JCFA to be entered into with the School District and those to be financed pursuant to the Water District JCFA to be entered into with the Water District , benefit residents of the City and the future residents of the District.

Section 5. Except where funds are otherwise available, it is the intention of this City Council, subject to the approval of the eligible voters of the District, to levy annually a Special Tax at the rates set forth in the Rate and Method on all non -exempt property within the District sufficient to pay for (i) the Facilities, (ii) the principal and interest and other periodic costs on the bonds proposed to be issued to finance the Facilities and Incidental Expenses, including the establishment and replenishment of reserve funds, any remarketing, cred it enhancement and liquidity facility fees and other expenses of the type permitted by Section 53345.3 of the Act; and (iii) the Incidental Expenses. The District expects to incur, and in certain cases has already incurred, Incidental Expenses in connecti on with the creation of the District, the issuance of bonds, the levying and collecting of the Special Tax, the completion and inspection of the Facilities and the annual administration of the bonds and the District. The Rate and Method is described in de tail in Attachment C to Resolution No. 26-4915 and incorporated herein by this reference, and the City Council hereby finds that the Rate and Method contains sufficient detail to allow each landowner within the District to estimate the maximum amount that may be levied against each parcel. As described in greater detail in the Engineer’s Report, which is incorporated by reference herein, the Special Tax is based on the expected demand that each 905

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parcel of real property within Community Facilities District N o. 2026-1 will place on the Facilities and on the benefit that each parcel will derive from the right to access the Facilities and, accordingly, is hereby determined to be reasonable. The Special Tax shall be levied on each assessor’s parcel in accordance with the Rate and Method provided, however, that the Special Tax shall not be levied after Fiscal Year 2067-68. The Special Tax is apportioned to each parcel on the foregoing bases pursuant to Section 53325.3 of the Act and such Special Tax is not on or based upon the ownership of real property or the assessed value of real property.

If Special Taxes of the District are levied against any parcel used for private residential purposes, (i) the maximum Special Tax rate shall be specified as a dollar amount w hich shall be calculated and established not later than the date on which the parcel is first subject to the Special Tax because of its use for private residential purposes and shall not be increased over time except as authorized under the Rate and Method , (ii) the Special Tax shall not be levied after Fiscal Year 2067-68, and (iii) under no circumstances will the Special Tax levied against any such parcel used for private residential uses be increased as a consequence of delinquency or default by the owner or owners of any other parcel or parcels within the District by more than ten percent above the amount that would have been levied in that fiscal year had there never been any such delinquencies or defaults.

The City Manager of the City of Murrieta, will be responsible for preparing annually, or authorizing a designee to prepare, a current roll of special tax levy obligations by assessor’s parcel number and will be responsible for estimating future special tax levies pursuant to Section 53340.2 of the Act.

Section 6. In the event that a portion of the property within Community Facilities District No. 2026-1 shall become for any reason exempt, wholly or partially, from the levy of the Special Tax specified in the Rate and Method, or in the event of delinquencies in th e payment of Special Taxes levied, the City Council shall, on behalf of Community Facilities District No. 2026-1, increase the levy to the extent necessary and permitted by law and these proceedings (including the maximum special tax set forth in the Rate and Method) upon the remaining property within Community Facilities District No. 2026-1 which is not exempt or delinquent in order to yield the required debt service payments on any outstanding bonds of the District, or to prevent the District from default ing on any of its other obligations or liabilities; provided, however, under no circumstances will the Special Tax levied against any parcel used for private residential uses be increased as a consequence of delinquency or default by the owner or owners of any other parcel or parcels within the District by more than ten percent above the amount that would have been levied in that fiscal year had there never been any such delinquencies or defaults. The amount of the Special Tax will be set in accordance wit h the Rate and Method.

The obligation to pay Special Taxes may be prepaid only as set forth in Section G of the Rate and Method.

Section 7. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the Streets and Highways Code, a continuing lie n to secure each levy of the Special Tax shall attach to all non -exempt real property in the District and this lien shall continue in force and effect until the Special Tax obligation is prepaid and permanently satisfied and the lien canceled in accordance with law or until collection of the Special Tax by the District ceases. 906

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Section 8. Consistent with Section 53325.6 of the Act, the City Council finds and determines that the land within Community Facilities District No. 2026-1, if any, devoted primarily to agricultural, timber or livestock uses and being used for the commercial production of agricultural, timber or livestock products is contiguous to other land within Community Facilities District No. 2026-1 and will be benefited by the Facilities proposed to be prov ided within Community Facilities District No. 2026-1.

Section 9. It is hereby further determined that there is no ad valorem property tax currently being levied on property within proposed Community Facilities District No. 2026-1 for the exclusive purpose of paying t he principal of or interest on bonds or other indebtedness incurred to finance the construction of capital facilities which provide the same services to the territory of Community Facilities District No. 2026-1 as are proposed to be provided by the Facilities to be financed by Community Facilities District No. 2026-1.

Section 10. Written protests against the establishment of the District have not been filed by one-half or more of the registered voters within the boundaries of the District or by the property owners of o ne-half (1/2) or more of the area of land within the District. The City Council hereby finds that the proposed Special Tax has not been precluded by a majority protest pursuant to Section 53324 of the Act.

Section 11. An election is hereby called for Community Facili ties District No. 2026-1 on the propositions of levying the Special Tax on the property within Community Facilities District No. 2026-1 and establishing an appropriations limit for the District pursuant to Section 53325.7 of the Act and shall be consolidat ed with the election on the proposition of incurring bonded indebtedness, pursuant to Sections 53351 and 53353.5 of the Act. The language of the propositions to be placed on the ballot is attached hereto as Exhibit B.

Section 12. The date of the election for Communit y Facilities District No. 2026-1 on the propositions of incurring the bonded indebtedness, authorizing the levy of the Special Tax and establishing an appropriations limit for the District shall be June 2, 2026 , or such later date as is consented to by the City Clerk or Deputy City Clerk (referred to herein as the “City Clerk”) of the City of Murrieta; provided that, if the election is to take place sooner than 90 days after June 2, 2026, then the unanimous written consent of each qualified elector within t he District to such election date must be obtained. The polls shall be open for said election immediately following the close of the public hearing on June 2, 2026. The election shall be conducted by the City Clerk. Except as otherwise provided by the A ct, the election shall be conducted in accordance with the provisions of law regulating elections of the City of Murrieta insofar as such provisions are determined by the City Clerk to be applicable. The City Clerk is authorized to conduct the election fo llowing the adoption of this resolution, and all ballots shall be received by, and the City Clerk shall close the election by, 11:00 p.m. on the election day; provided the election shall be closed at such earlier time as all qualified electors have voted a s provided in Section 53326(d) of the Act. Pursuant to Section 53326 of the Act, the ballots for the special election shall be distributed in person, or by mail with return postage prepaid, to the qualified electors within Community Facilities District No . 2026-1. The City Clerk has secured a certificate from the Registrar of Voters of the County of Riverside certifying that there were no registered voters within the District. Accordingly, since there were fewer than 12 registered voters within the Distr ict for each of the 90 days preceding June 2, 2026 , the qualified electors 907

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shall be the landowners within the District and each landowner, or the authorized representative thereof, shall have one vote for each acre or portion thereof that such landowner ow ns within Community Facilities District No. 2026-1, as provided in Section 53326 of the Act. Each landowner within the District has executed and delivered a waiver of certain election law requirements and consenting to the holding of the election on June 2, 2026, which waiver is on file with the City Clerk.

Section 13. The preparation of the Engineer’s Report is hereby ratified. The Engineer’s Report, as submitted, is hereby approved and was made a part of the record of the public hearing regarding the formation o f Community Facilities District No. 2026-1. The Engineer’s Report is ordered to be kept on file with the transcript of these proceedings and open for public inspection.

Section 14. The District may accept advances of funds or work -in-kind from any source, including, but not limited to, private persons or private entities, for any authorized purpose, including, but not limited to, paying any cost incurred in creating Community Facilities District No. 2026-1. The District may enter into an agreement with the person or entity advancing the funds or work -in-kind, to repay all or a portion of the funds advanced, or to reimburse the person or entity for the value, or cost, whichever is less, of the work -in-kind, as determined by the City Council, with or without interest.

Section 15. The form of the Acquisition Agreement on file with the City Clerk is approved as to form, and each of the Mayor, the City Manager, the Assistant City Manager, or their written designees, are authorized to execute the Acquisition Agreement in substantially the form on file with the City Clerk, together with such changes as are approved by the officer executing the same, with the approval of such changes to be conclusively evidenced by the execution and delivery thereof.

Section 16. The form of the School District JCFA on file with the City Clerk is approved as to form, and each of each of the Mayor, the City Manager, the Assistant City Manager, or their written designees, are authorized to execute the School District JCFA in substantially the form on file with the City Cl erk, together with such changes as are approved by the officer executing the same, with the approval of such changes to be conclusively evidenced by the execution and delivery thereof.

Section 17. The form of the Water District JCFA on file with the City Clerk is approved as to form, and each of each of the Mayor, the City Manager, the Assistant City Manager, or their written designees, are authorized to execute the Water District JCFA in substantially the form on file with the City Clerk, together with such change s as are approved by the officer executing the same, with the approval of such changes to be conclusively evidenced by the execution and delivery thereof.

Section 18. This Resolution shall be effective upon its adoption.

PASSED AND ADOPTED this 2nd day of June, 2026.

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____________________________
Jon Levell, Mayor
ATTEST:
_____________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM:

_____________________________
Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 26-4939 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of June, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Cristal McDonald, City Clerk

909

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EXHIBIT A

TYPES OF FACILITIES TO BE FINANCED BY
COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH)

OF THE CITY OF MURRIETA
The proposed types of public facilities and expenses to be financed by the District include:

The construction, purchase, modification, expansion, rehabilitation and/or improvement of (i) storm drainage, library, park, law enforcement, fire, streets and bridges, traffic, administration and community center facilities, and other public facilities of the City, including the foregoing public facilities which are included in the City’s fee programs with respect to such facilities and authorized to be financed under the Act (the “City Facilities”), (ii) interim and permanent school facilities of Murrieta Valley Unified School District, including classrooms, multi-purpose facilities, administration and auxiliary space at school fac ilities, athletic fields, playgrounds and recreational facilities and improvements thereto, landscaping, access roadways, drainage, sidewalks and gutters and utility lines, furniture, equipment and technology, including technology upgrades and mobile devices and infrastructure therefore, with a useful life of at least five (5) years at such school facilities, including such school facilities Murrieta Valley Unified School District which are included in Murrieta Valley Unified School District’s school fee program (the “School Facilities”) and (iii) water and sewer facilities to be owned and operated by Western Municipal Water District including the acquisition of capacity in the sewer system and/or water system of Western Municipal Water District (the “Water Facilities” and together, with the City Facilities and the School Facilities, the “Facilities”), and all appurtenances and appurtenant work in connection with the foregoing Facilities, including the cost of engineering, planning, designing, materials testi ng, coordination, construction staking, construction management and supervision for such Facilities, and to finance the incidental expenses to be incurred, including:
a. The cost of engineering, planning and designing the Facilities; b. All costs, includin g costs of the property owner petitioning to form the District, associated with the creation of the District, the issuance of the bonds, the determination of the amount of special taxes to be levied and costs otherwise incurred in order to carry out the authorized purposes of the District; and
c. Any other expenses incidental to the construction, acquisition, modification, rehabilitation, completion and inspection of the Facilities.

Capitalized terms used and not defined herein shall have the meaning set forth in the Rate and Method of Apportionment of Special Taxes for the District.

910

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EXHIBIT B

BALLOT PROPOSITIONS
COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH)

OF THE CITY OF MURRIETA

SPECIAL TAX AND SPECIAL BOND ELECTION
June 2, 2026

PROPOSITION A: Shall Community Facilities District
No. 2026-1 (Gierson Ranch) of the City of Murrieta (the “District”) incur an indebtedness and issue bonds in one or more series in the maximum aggregate principal
amount of $ 8,000,000, with interest at a rate or rates not to exceed the maximum interest rate permitted by law, to finance the Facilities and the Incidental Expenses
described in Resolution No. 26-4915 of the City Council of the City of Murrieta?
PROPOSITION B: Shall a special tax with a rate a nd
method of apportionment as provided in Resolution No.
26-4915 of the City Council of the City of Murrieta be
levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 26-4915,
including the payment of the princ ipal of and interest on bonds issued to finance the Facilities and Incidental
Expenses?

YES______
NO_______

YES______
NO_______

PROPOSITION C: For each year commencing with
Fiscal Year 2025-26, shall the appropriations limit, as defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for the District be an
amount equal to $8,000,000?

YES______
NO_______

911

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RESOLUTION NO. 26-4940

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF
COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH)

OF THE CITY OF MURRIETA DETERMINING THE NECESSITY TO

INCUR BONDED INDEBTEDNESS IN AN AMOUNT NOT TO EXCEED
$8,000,000 WITHIN COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH) OF THE CITY OF MURRIETA AND CALLING AN

ELECTION THEREIN
WHEREAS, on March 17, 2026 , the City Council of the City of Murrieta (the “City Council”) adopted Resolution No. 26-4915 stating its intention to form Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta (“Community Facilities District No. 2026-1” or the “District”) pursuant to the Mello -Roos Community Facilities Act of 1982, as amended (the “Act”); and
WHEREAS, on March 17, 2026, the City Council also adopted Resolution No. 26-4916 stating its intention to incur bonded indebtedness in the maximum aggregate principal amount of $8,000,000 within proposed Community Facilities District No. 2026-1 to finance (1) the purchase, construction, modification, expansion, improvement or rehabilitation of public facilities identified in Exhibit B to Reso lution No. 26-4915, and (2) the incidental expenses to be incurred in financing such public facilities and services and forming and administering the District, as identified in Exhibit B to Resolution No. 26-4915; and WHEREAS, notice was published as required by law relative to the intention of the City Council to form proposed Community Facilities District No. 2026-1 and to incur bonded indebtedness in the maximum aggregate principal amount of $8,000,000 within the boundaries of proposed Community Facilities District No. 2026-1; and
WHEREAS, due to certain complexities of the proposed formation of Community Facilities District No. 2026 -1 (Gierson Ranch), on April 21, 2026, the public hearing called for such date relative to the proposed formation of Communi ty Facilities District No. 2026 -1 (Gierson Ranch) and the levy of the special tax therein was opened and continued to June 2, 2026; and
WHEREAS, on June 2, 2026, this City Council conducted a noticed public hearing to determine whether it should proceed wi th the formation of Community Facilities District No. 2026-1, issue bonds to pay for the facilities and incidental expenses described in Resolution No. 26-4915 and authorize the rate and method of apportionment of a special tax to be levied within Communit y Facilities District No. 2026-1 for the purposes described in Resolution No. 26-4915; and
WHEREAS, at said hearing all persons desiring to be heard on all matters pertaining to the formation of Community Facilities District No. 2026-1, the levy of a speci al tax and the issuance of bonds to pay for the cost of the proposed facilities and incidental expenses were heard and a full and fair hearing was held; and
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WHEREAS, the City Council subsequent to such hearing adopted Resolution No. _____ establishing Comm unity Facilities District No. 2026-1 (the “Resolution of Formation”) and authorizing the financing of the public facilities (the “Facilities”) and the incidental expenses (the “Incidental Expenses”) described in Exhibit A thereto; and WHEREAS, the City Cou ncil desires to make the necessary findings to incur bonded indebtedness within the District, to declare the purpose for said debt, and to authorize the submittal of a proposition to issue bonded indebtedness to the voters of the District, being the landowners within the proposed District, all as authorized and required by law;

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. It is necessary to incur bonded indebtedness in one or more series in a maximum aggregate principal amount of $8,000,000 within Community Facilities District No. 2026-1.

Section 2. The indebtedness is to be incurred for the purpose of financing the costs of purchasing, constructing, modifying, expanding, improving, or rehabilitating t he Facilities and financing the Incidental Expenses, as described in the Resolution of Formation, and carrying out the powers and purposes of Community Facilities District No. 2026-1, including, but not limited to, financing the costs of selling the bonds, establishing and replenishing bond reserve funds and paying remarketing, credit enhancement and liquidity facility fees and other expenses of the type authorized by Section 53345.3 of the Act.

Section 3. The whole of the property within Community Facilities District No. 2026- 1, other than property exempted from the special tax pursuant to the provisions of the rate and method of apportionment attached to Resolution No. 26-4915 as Exhibit C, shall pay for the bonded indebtedness pursuant to the levy of the special tax authorized by the Resolution of Formation.

Section 4. The maximum term of the bonds to be issued shall in no event exceed 35 years or such longer term as is then permitted by law.

Section 5. The bonds shall bear interest at the rate or rates not to exceed the maximum interest rate permitted by law, payable annually or semiannually, or in part annually and in part semiannually, except the first interest payment may be for a period of less than six months, with the actual rate or rates and times of payment to be determined at the time or times of sale thereof.

Section 6. The bonds may bear a variable or fixed interest rate, provided that such variable rate or fixed rate shall not exceed the maximum rate permitted by Section 53531 of the Act, or any other applicable provision of law limiting the maximum interest rate on the bonds. 913

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Section 7. Pursuant to Section 53351 of the Act, a special election is hereby called for Community Facilities District No. 2026-1 on the proposition of incurring the bonded indebtedness. The proposition relative to incurring b onded indebtedness in the maximum aggregate principal amount of $ 8,000,000 shall be in the form of Proposition A set forth in Exhibit A hereto. In accordance with Sections 53351(h) and 53353.5 of the Act, the election shall be consolidated with the specia l election called on the proposition of levying a special tax within the District as described in the Resolution of Formation, which proposition shall be in the form of Proposition B set forth in Exhibit A, and on the proposition of establishing an appropriations limit for the District, which proposition shall be in the form of Proposition C set forth in Exhibit A.

Section 8. The date of the special election for Community Facilities District No. 2026-1 on the propositions of incurring the bonded indebtedness, authoriz ing the levy of the special tax and setting an appropriations limit shall be June 2 , 202 6, or such later date as is consented to by the City Clerk, or a Deputy City Clerk of the City (referred to herein as the “City Clerk”); provided that, if the election is to take place sooner than 90 days after June 2, 2026, then the unanimous written consent of each qualified elector within the District to such election date must be obtained. The polls shall be open for said election immediately following the public hearing on June 2, 2026. The election shall be conducted by the City Clerk. Except as otherwise provided by the Act, the election shall be conducted in accordance with the provisions of law regulating elections of the City of Murrieta insofar as such provisions are determined by the City Clerk to be applicable. The City Clerk is authorized to conduct the election following the adoption of the Resolution of Formation, and this resolution and all ballots shall be received by and the City Clerk shall close th e election by 11:00 p.m. on the election day; provided the election shall be closed at such earlier time as all qualified electors have voted as provided in Section 53326(d) of the Act. Pursuant to Section 53326 of the Act, the ballots for the special election shall be distributed in person, or by mail with return postage prepaid, to the qualified electors within Community Facilities District No. 2026-1. The City Clerk has secured a certificate of the Registrar of Voters of the County of Riverside certify ing that there were no registered voters within the District. Accordingly, since there were fewer than 12 registered voters within the District for each of the 90 days preceding June 2, 2026 , the qualified electors shall be the landowners within the Distr ict and each landowner, or the authorized representative thereof, shall have one vote for each acre or portion thereof that such landowner owns within Community Facilities District No. 2026-1, as provided in Section 53326 of the Act. Each landowner within the District has executed and delivered a waiver of certain election law requirements and consenting to the holding of the election on June 2, 2026 , which waiver is on file with the City Clerk.

Section 9. This Resolution shall be effective upon its adoption.

PASSED AND ADOPTED this 2nd day of June, 2026.

____________________________
Jon Levell, Mayor

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ATTEST:

_____________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM:

_____________________________
Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 26-4940 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of June, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Cristal McDonald, City Clerk

915

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EXHIBIT A

BALLOT PROPOSITIONS
COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH)

OF THE CITY OF MURRIETA

SPECIAL TAX AND SPECIAL BOND ELECTION
June 2, 2026

PROPOSITION A: Shall Community Facilities District
No. 2026-1 (Gierson Ranch) of the City of Murrieta (the “District”) incur an indebtedness and issue bonds in one or more series in the maximum aggregate principal
amount of $ 8,000,000, with interest at a rate or rates not to exceed the maximum interest rate permitted by law, to finance the Facilities and the Incidental Expenses
described in Resolution No. 26-4915 of the City Council of the City of Murrieta?
PROPOSITION B: Shall a special tax with a rate and
method of apportionment as provided in Resolution No.
26-4915 of the City Council of the City of Murrieta be
levied to pay for the Facilities, Incidental Expenses and other purposes described in Resolution No. 26-4915,
including the paymen t of the principal of and interest on bonds issued to finance the Facilities and Incidental
Expenses?

YES______
NO_______

YES______
NO_______

PROPOSITION C: For each year commencing with
Fiscal Year 2025 -26, shall the appropriations limit, as defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for the District be an
amount equal to $8,000,000?

YES______
NO_______

916

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RESOLUTION NO. 26-4941

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE
BODY OF COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON

RANCH) OF THE CITY OF MURRIETA CERTIFYING ELECTION

RESULTS
WHEREAS, the City Council of the City of Murrieta called and duly held an election on June 2, 2026 within the boundaries of Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta (“Community Facilities District No. 2026-1” or the “District”) pursuant to Resolution Nos. 26-4939 and 26-4940 for the purpose of presenting to the qualified electors within the District Propositions A, B and C, attached hereto as Exhibit A; and WHEREAS, there has been presented to this City Council a certificate of the City Clerk or Deputy City Clerk (referred to herein as the “City Clerk”) canvassing the results of the election, a copy of which is attached hereto as Exhibit B;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MURRIETA AS FOLLOWS:

Section 1. Each of the above recitals is true and correct and is adopted by the legislative body of the District.

Section 2. Propositions A, B and C presented to the qualified electors of the District on June 2, 2026 were approved by more than two -thirds of the votes cast at said election and Propositions A, B and C each has carried. The City Council, acting as the legislative body of the District, is hereby authorized to levy on the land within the District the special tax described in Proposition B for the purposes described therein and to take the necessary steps to levy the special tax authorized by Proposition B and to issue bonds in one or more series in the maximum aggregate principal amount of $8,000,000 specified in Proposition A.

Section 3. The City Clerk is hereby directed to record in the Assessor -County Clerk- Recorder’s office of the County of Riverside within fifteen days of t he date hereof a notice of special tax lien with respect to the District which Bond Counsel to the District shall prepare in the form required by Streets and Highways Code Section 3114.5.

Section 4. This Resolution shall be effective upon its adoption.

PASSED AND ADOPTED this 2nd day of June, 2026.

____________________________
Jon Levell, Mayor

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ATTEST:

_____________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM:

_____________________________
Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 26-4941 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of June, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Cristal McDonald, City Clerk

918

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4920-2406-8248v3/022972-0051

EXHIBIT A

BALLOT PROPOSITIONS
COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH)

OF THE CITY OF MURRIETA

SPECIAL TAX AND SPECIAL BOND ELECTION
June 2, 2026

PROPOSITION A: Shall Community Facilities District
No. 2026-1 (Gierson Ranch) of the City of Murrieta (the “District”) incur an indebtedness and issue bonds in one or more series in the maximum aggregate principal
amount of $ 8,000,000, with interest at a rate or rates not to exceed the maximum interest rate permitted by law, to finance the Facilities and the Incidental Expenses
described in Resolution No. 26-4915 of the City Council of the City of Murrieta?
PROPOSITION B: Shall a special tax with a rate and
method of apportionment as provided in Resolution No.
26-4915 of the City Council of the City of Murrieta be
levied to pay for the Facilities, Incidental Exp enses and other purposes described in Resolution No. 26-4915,
including the payment of the principal of and interest on bonds issued to finance the Facilities and Incidental
Expenses?

YES______
NO_______

YES______
NO_______

PROPOSITION C: For each year commencing with
Fiscal Year 2025 -26, shall the appropriations limit, as defined by subdivision (h) of Section 8 of Article XIII B of the California Constitution, for the District be an
amount equal to $8,000,000?

YES______
NO_______

919

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EXHIBIT B

CERTIFICATE OF CITY CLERK

AS TO THE RESULTS OF THE CANVASS OF THE ELECTION RETURNS I, Cristal McDonald , City Clerk of the City of Murrieta, do hereby certify that I have examined the returns of the Special Tax and Bond Election for Community Facilities District No. 2026-1 (Gierson Ranch ) of the City of Murrieta. The election was held in the City of Murrieta Council Chambers, 1 Town Square, Murrieta, California , on June 2, 2026 . I caused to be delivered ballots to each qualified elector. One (1) ballot was returned.

I further certify that the results of said election and the number of votes cast for and against Propositions A, B, and C are as follows:

PROPOSITION A PROPOSITION B PROPOSITION C
YES: YES: YES:

NO: NO: NO:

TOTAL: TOTAL: TOTAL:

Dated this 2nd day of June, 2026.

CRISTAL MCDONALD, CITY CLERK

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ORDINANCE NO. 636-26

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

MURRIETA, CALIFORNIA, ACTING IN ITS CAPACITY AS THE
LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO.
2026-1 (GIERSON RANCH ) OF THE CITY OF MURRIETA

AUTHORIZING THE LEVY OF SPECIAL TAXES
WHEREAS, on March 17, 2026 , the City Council (the “City Council”) of the City of Murrieta (the “City”) adopted Resolution No. 26-4915 declaring its intention to form Community Facilities District No. 2026-1 of the City of Murrieta (Gierson Ranch) (the “District”) pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, comprising Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of C alifornia (the “Act”), and its Resolution No. 26-4916 declaring its intention to incur bonded indebtedness for the District; and WHEREAS, due to certain complexities of the proposed formation of Community Facilities District No. 2026 -1 (Gierson Ranch), on April 21, 2026, the public hearing called for such date relative to the proposed formation of Community Facilities District No. 2026-1 (Gierson Ranch) and the levy of the special tax therein was opened and continued to June 2, 2026; and WHEREAS, on June 2, 2026, after providing all notice required by the Act, the City Council conducted a noticed public hearing required by the Act relative to the proposed formation of the District, the proposed levy of a special tax therein to finance certain public faciliti es described in Resolution No. 26-4915 and to secure the payment of any bonded indebtedness of the District, and the proposed issuance of bonded indebtedness in one or more series in the maximum aggregate principal amount of $8,000,000, as described in Resolution No. 26-4916; and WHEREAS, at the June 2, 2026 public hearing, all persons desiring to be heard on all matters pertaining to the formation of the District and the proposed levy of the special tax to finance the facilities described in Resolution No. 26-4915 and to secure the payment of bonded indebtedness in the maximum aggregate principal amount of $ 8,000,000 of the District as described in Resolution No. 26-4915 (the “Bonds”) were heard and a full and fair hearing was held; and
WHEREAS, on June 2, 2026, the City Council adopted Resolution Nos. 26-4939 and 26- 4940 which formed the District and called a special election within the District on June 2, 2026 on three propositions relating to the levy of a special tax within the District, the issuance of the Bonds and the establishment of an appropriations limit within the District; and WHEREAS, on June 2, 2026, a special election was held within the District at which the qualified electors approved by more than a two thirds vote Propositions A, B, and C a uthorizing the levy of a special tax within the District for the purposes described in Resolution No. 26-4939, the issuance of the Bonds as described in Resolution No. 26-4940 and establishing an appropriations limit for the District; and

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH) OF THE CITY OF MURRIETA DOES HEREBY ORDAIN AS FOLLOWS:
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Section 1. The above recitals are all true and correct.

Section 2. By the passage of this Ordinance, the City Council authorizes and levies special taxes within the District pursuant to Sections 53328 and 53340 of the Act at the rates and in accordance with the rate and method of apportionment set for th in Attachment C to Resolution No. 26 -4915, which is incorporated by reference herein (the “Rate and Method”). The special taxes are hereby levied commencing in the fiscal year specified in the Rate and Method and in each fiscal year thereafter until payment in full of the Bonds (including any bonds issued to refund the Bonds), payment of all costs of the public facilities and services authorized to be financed by the District, and payment of all costs of administering the District.

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

Section 4. Properties or entities of the state, federal or other local governments shall be exempt from the special tax, except as otherwise provided in Sections 53317.3 and 53317.5 of the Act and Section F of the Rate and Method. No other properties or entities are exempt from the special tax unless the properti es or entities are expressly exempted in Resolution No. 26-4939 or in a resolution of consideration to levy a new special tax or special taxes or to alter the rate or method of apportionment or an existing special tax as provided in Section 53334 of the Act.

Section 5. All of the collections of the special tax shall be used as provided for in the Act, the Rate and Method and Resolution No. 26-4939.

Section 6. The special tax shall be collected in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same penalties and the same procedure, sale and lien priority in case of delinquency as is provided for ad valorem taxes (which such procedures include the exercise of all rights and remedies permitted by law to make corrections, in cluding, but not limited to, the issuance of amended or supplemental tax bills), as such procedure may be modified by law or by this City Council from time to time.
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Section 7. As a cumulative remedy, if any amount levied as a special tax for payment of the interest or principal of the Bonds (including any bonds issued to refund the Bonds), together with any penalties and other charges accruing under this Ordinance, are not paid when due, the City Council may, not later than four years after the due date of the last in stallment of principal on the Bonds (including any bonds issued to refund the Bonds), order that the same be collected by an action brought in the superior court to foreclose the lien of such special tax, as authorized by the Act.

Section 8. The Mayor of the City sha ll sign this Ordinance and the City Clerk or Deputy City Clerk (referred to herein as the “City Clerk”) shall attest to the Mayor’s signature and then cause the same to be published within fifteen (15) days after its passage at least once in The Press Ente rprise, a newspaper of general circulation published and circulated in the City of Murrieta.

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

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

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

Section 12. This Ordinance shall take effect thirty days after its final passage after its passage and adoption, and within fifteen (15) days after its final passage and the City Clerk shall cause it to be posted and published in a newspaper of general circulation, printed, published and circulated in the City in the manner required by law and shall cause a copy of this Ordinance and its certification, to be entered in the Book of Ordinances of the City.

PASSED AND ADOPTED this ___ day of ________, 2026.

Jon Levell, Mayor

ATTEST:

Cristal McDonald, City Clerk

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APPROVED AS TO FORM:

Tiffany J. Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )

I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Ordinance No. 636-26 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the ___th day of _______, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Cristal McDonald, City Clerk

I, Cristal McDonald, City Clerk of the City of Murrieta, California further certify that Ordinance No. 636-26 was duly published according to law and the order of the City Council of said City and the same was so published in Press Enterprise, a newspaper of general circulation on the following date(s):

Introduced Ordinance:

Adopted Ordinance:

In witness whereof, I have hereunto subscribed my name this __ day of ______________, 2026.

Cristal McDonald, City Clerk
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COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH)

OF THE CITY OF MURRIETA

ACQUISITION, CONSTRUCTION AND FUNDING AGREEMENT
THIS ACQUISITION, CONSTRUCTION AND FUNDING AGREEMENT (the “Agreement”) is made and entered into by and between CITY OF MURRIETA (the “City”), acting for and on behalf of itself and COMMUNITY FACILITIES DISTRICT NO. 2026-1 (GIERSON RANCH) OF THE CITY OF MURRIETA (the “Community Facilities District” or “CFD”) and CENTURY COMMUNITIES OF CALIFORNIA, LLC, a Delaware limited liability company (the “Developer”), each individually a “Party” and collectively the “Parties.” WHEREAS, Developer has requested that the C ity consider the formation of the CFD pursuant to the provisions of the Mello -Roos Community Facilities Act of 1982, as amended (the “Act”), and undertake proceedings for the authorization of special taxes and issuance of bonded indebtedness for the paymen t of the construction and/or acquisition of certain improvements to be owned, operated or maintained by the City, the Murrieta Valley Unified School District (the “School District”) and the Western Municipal Water District (the “Water District”) , and incidental expenses in accordance with the Act; and
WHEREAS, in order to proceed in a timely way with development of the property within the CFD which is described in the attached Exhibit “A” (the “Developer Property”), Developer desires to fund through the Community Facilities District (i) the City’s acquisition or construction of certain improvements that are to be owned, operated and maintained by the City or are otherwise required to be constructed by the City (“City Improvements”), as more particularly set forth and described in the Description of Cost Estimates attached hereto as Exhibit “B,” if any (ii) improvements included in the City’s fee programs (the “City Fee Facility Improvements”), as more particularly set forth and described in Exhibit “B,” and (iii) the improvements of the School District and the Water District described in Exhibit “C” hereto (the “Miscellaneous Improvements” and together with the City Improvements and the City Fee Facilities Improvements, collectively the “Improvements”); and WHEREAS, the City is authorized by the Act to form the CFD and to issue bonds secured by Special Taxes (as defined in Section 2.2) of the CFD (the “Bonds”) to fund the Improvements; and
WHEREAS, the City Council has adopted the its City Council Policy N o. 100 -24 dated October 3, 2023 and entitled “Community Facilities District Goals and Policies” (the “Policy”); and WHEREAS, the purpose of this Agreement is to constitute a formal understanding between Developer and the City (pursuant to the requirements of Government Code Section 53313.51 and other provisions of the Act and the Policy) concerning financial and other obligations and responsibilities related to the formation of the Community Facilities District and the Improvements to be financed by the Com munity Facilities District, when and if formed, to the extent funds are available, and to set forth the conditions upon which (1) the Community Facilities District will reimburse Developer or its designee for the cost of the City Improvements constructed b y or on behalf of the Developer and (2) the Community Facilities District will fund the City Fee Facility Improvements thereby satisfying corresponding City fees; and (3) the Community Facilities District will also fund the Miscellaneous Improvements described in Exhibit “C.” 926

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NOW, THEREFORE, it is mutually agreed between the respective Parties as follows:

1. Feasibility Study. The City has retained, at the Developer’s expense, the necessary consultants to analyze the proposed formation of the CFD to finance t he Improvements, including a special tax consultant, bond counsel, and other consultants deemed necessary by the City. The Developer has advanced to the City a sum of money for such costs. From time to time, Developer will make additional advances, withi n 10 business days following receipt from the City of a request for an additional advance, to cover the costs of the formation proceedings and any change proceedings under the Act requested by the Developer. The City will provide to Developer on request a summary of how the advances have been spent and the unexpended balance remaining.

The amounts advanced by the Developer , other than $5,000 (which is non reimbursable) and, to the extent determined reasonable and appropriate by the City, expenses incurred by the Developer for legal and other consultant costs in connection with the formation proceedings, any change proceedings and the issuance of Bonds, will be reimbursa ble to the Developer, without interest, from the proceeds of Bonds. In the event that Bonds are not issued to provide a source of reimbursement to Developer, the City shall not have any liability to Developer to reimburse it for any of the amounts previously advanced by Developer and expended by the City.

Prior to the issuance of the Bonds, the City will request a final advance for any unpaid expenses incurred during preparatory technical, financial and legal work; and following payment of such expenses, t he City shall promptly release the balance, if any, of the advance to the Developer.

Should the City’s expenses exceed the remaining balance, the City will bill the Developer for the difference, which the Developer agrees to pay within 10 days following r eceipt of such billing, subject to the conditions of paragraph one of this section.

2. Sale of Bonds.

2.1 City Policies . The City Council has adopted the Policy, setting forth the City’s policies and procedures concerning the use of special district financing pr ograms to finance the Improvements. Pursuant to the Policy, the total annual amount of the special taxes to be collected with respect to a parcel within the CFD and all other taxes and assessments which will be collected with respect to such parcel from t he secured tax roll must not exceed two percent (2%) of the Fair Market Value (as defined in the Policy) of such parcel at the time of CFD formation.

The Parties hereby agree that, unless waived by the City, at the time of issuance of the Bonds the ratio o f the value of all parcels of property within the CFD to the amount of outstanding community facilities district or assessment district bonds attributable to such parcels (the “Value-to-Lien Ratio”) may not be less than four -to-one (4:1). Unless waived by the City, the Fair Market Value of the property within the CFD for purposes of determining the foregoing ratio will be determined based on the appraised value of the property determined by appraisal made by an appraiser selected by the City with a valuati on date within three (3) months of the issuance of the Bonds, or, with respect to completed homes (as determined in the sole discretion of the City) or issuance of refunding bonds, the assessed value of the property, or some combination thereof.

Subject to satisfaction of the Policy and the requirements of this Agreement, the City shall use reasonable efforts to issue and sell the Bonds in one or more series in an amount sufficient to fund the Improvements in accordance with the schedule for development of the Developer Property. The ultimate decision as to issuance and sizing lies in the sole legislative discretion of the City. 927

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2.2 Security for Payment of Special Taxes.
(a) Concurrently with the issuance and sale of each series of the Bonds, the owner of any land within the CFD which the City has determined, in its sole discretion, to use in the sizing of such series of Bonds (the “Sizing Property”), together with any Sizing Property owned by any affiliate or land bank entity (collectively, an “Account Party”), for which the Maximum Special Taxes for the then -current fiscal year (as defined in the Rate and Method of Apportionment of Special Tax for the CFD (“Rate and Method”) and such Special Tax referred to herein as the “Special Tax” or “Special Taxes”), are equal to or exceed 20% of the aggregate Maximum Special Taxes authorized to be levied on the Sizing Property in such fiscal year, shall cause to be delivered to the City either (i) a renewable irrevocable instrument of credit from a financial institution (rated “A” or better, or otherwise approved by the City ) and approved by the City, or (ii) cash in-lieu thereof (a “Security”). The Security shall be in an amount calculated by multiplying the Special Tax Requirement (as defined in the Rate and Method) for the then current and following fiscal year, by the percentage of the Maximum Special Taxes for the current fiscal year allocable to the Developer Property owned by the Account Party (the “Stated Amount). The Security shall be maintained by the Account Party in each fiscal year until terminated in accordance with Section 2.2(c) below.

While the Security is still required the Stated Amount of such Security shall be reduced as set forth in a Certificate of Reduction or Termination (as defined in Section 2.2(c) below).

The Security shall name the Fiscal Agent as a beneficiary and shall provide that the Fiscal Agent may draw an amount equal to any delinqu encies in payment of semiannual installments of the Special Taxes levied on property owned by the Account Party. The total amount to be drawn under the Security shall not exceed an amount equal to the Special Taxes owed by the Account Party that is delinq uent at the time the draw is made. The amount drawn on the Security shall be applied in the same manner and for the same purposes as the delinquent Special Taxes would have been applied; provided, however the payment of a draw under the Security will not be deemed to cure the delinquency in payment of the Special Taxes.

If, subsequent to a draw on the Security and prior to the satisfaction of any reimbursements due to the institution providing the Security (the “Security Provider”) pursuant to this Agreement, the City receives payment of all or a portion of the delinquent Special Taxes or the proceeds of a sale of delinquent real property pursuant to foreclosure proceedings (“Delinquency Proceeds”) for a parcel for which the Security has been drawn, the Sec urity Provider (or its designee, which may be the Developer) shall be reimbursed for such draws to the extent of Delinquency Proceeds net of the City’s costs of collection. The Security Provider is intended by the Parties to be a third party beneficiary of this Section 2.2.
(b) The Security shall be renewed, or a substitute Security reasonably satisfactory to the City (a “Substitute Security”) provided, not less than thirty (30) calendar days prior to the expiration of the Security or Substitute Security then in effect. If the Account Party provides a Substitute Security to the City, then the Fiscal Agent shall return any existing Security on the effective date of the Substitute Security to the Security Provider.

If the Security is not renewed within thirty (3 0) days prior to its expiration date and the requirements for release or termination of the Security as set forth in Section 2.2(c) below have not then been met, the full amount of the Security may be drawn by the Fiscal Agent and deposited in an account e stablished under the Indenture (as hereinafter defined) or in such account established with a financial institution selected by the City. Thereafter, amounts in such account 928

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shall be held as security, and if Special Taxes owed by the Account Party are not paid prior to delinquency, then such amounts in such account may be applied by the City to pay the delinquent Special Taxes owed by the Account Party with respect to such property on the same terms and conditions applicable hereunder to draws on the Security.

At such time as the Security is renewed, or a Substitute Security is accepted by the Fiscal Agent, or the requirement for the Security has been terminated pursuant to this section, the City or its designee, shall release all amounts in the Security ac count to the Security Provider (or its designee, which may be the Developer) within ten (10) calendar days from the date of renewal or acceptance.
(c) Following the sale or transfer by the Account Party of any property to a person other than the Account Party, or upon the prepayment of the Special Tax obligation for a parcel owned by the Account Party, the Account Party shall notify the Community Facilities District of such event, in writing, and, if requested by the Account Party, the Stated Amount of the Secu rity shall be reduced and be recalculated in accordance with this Section 2.2; provided, however, that any costs associated with the recalculation and reduction shall be borne by the Account Party. Subject to Section 2.2(d) below, the Stated Amount may be reduced to an amount determined by the method of calculation set forth in Section 2.2(a) hereof. The Security shall be terminated upon the earlier of (i) when the Sizing Property owned by, or under option to, the Account Party is responsible for less than 20% of the Maximum Special Taxes applicable to all of the Sizing Property or (ii) when the Account Party has paid (or cause to be paid) all Special Taxes owed by the Account Party in the current fiscal year and the Sizing Property owned by, or under optio n to, the Account Party is expected to be responsible for less than 20% of the Maximum Special Taxes in the next fiscal year.

Reduction or termination of a Security shall occur automatically upon submission to the Security Provider by the Fiscal Agent of a “Certificate of Reduction or Termination” upon valuation of the Certificate of Reduction or Termination by the City. The City shall direct that the Fiscal Agent deliver to the Security Provider such Certificate of Reduction or Termination promptly upon r eceiving from the Account Party a certification which shall be made under penalty of perjury and which shall indicate (i) the legal description of all Sizing Property owned by the Account Party, and either (ii) a recalculation of the new Stated Amount that the Account Party proposes be applicable to the Security or (iii) if termination of the Security is requested, a statement that one of the requirements set forth in the preceding paragraph for termination of the Security has been satisfied.

The Account Pa rty shall notify the City of any events that will result in a reduction of the Stated Amount of the Security and shall provide the City with verification of said events. The Account Party may provide the Fiscal Agent with a Substitute Security in the redu ced amount, and the Fiscal Agent shall release and return to the Security Provider the Security then in effect. The Parties expressly acknowledge that the Account Party’s failure to so notify the City or to reduce the Security at the times prescribed here in shall in no way effect or invalidate sale or transfer of property, or recordation of maps on property.
(d) If any Sizing Property is sold or transferred by an Account Party with the result that the Sizing Property owned by the transferee together with any o f its affiliates (“Transferee”) is responsible for 20% or more of the aggregate Maximum Special Taxes of all Sizing Property, a Security on the same terms specified in Section 2.2(a) above will be furnished by Transferee with respect to all Sizing Property owned by such Transferee. Any applicable purchase 929

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and sale agreement and/or escrow instructions shall notify the Transferee of this Security requirement and obligate the Transferee to provide such Security, if applicable. The Security of the Account Party will not be reduced to reflect the sale or transfer of such Sizing Property until a Security is furnished by the Transferee and accepted by the Fiscal Agent. The issuing financial institution and the form and terms of said Security will be subject to r easonable prior approval by the City. All terms provided in this Section 2.2 are applicable to the Transferee by replacing the term “Account Party” at each place where it occurs in each section with the term “Transferee.” Each provider of a Security for a Transferee shall be an express third party beneficiary of the provisions of this Section 2.2.

Any costs related to the holding or maintaining the Security, including any fees of a fiscal agent, trustee or other depository shall be borne by the Account Party.

2.3 Major Landowner Initial and Continuing Disclosure . An owner of land which is responsible for twenty percent (20%) or more of the Special Tax levy applicable to the Sizing Property in the fiscal year in which the Bonds are issued or in the fiscal year following the fiscal year in which the Bonds are issu ed (a “Major Landowner”) will be required to provide all information regarding the development of its property, including the financing plan for such development, which is necessary to ensure that the official statement for such Bonds complies with the requirements of Rule 15c2 -12 and Rule 10b -5 of the Securities and Exchange Commission (the “Rule”) and all other applicable federal and state securities laws. Additionally, Developer acknowledges that, if it is a Major Landowner at the time of issuance of th e Bonds, it will be necessary that Developer enter into a continuing disclosure agreement to provide such continuing disclosure pertaining to the development of the land owned by Developer to assist in the marketing of the Bonds.

2.4 Bond Issuance Parameters. The terms and conditions upon which each series of the Bonds shall be issued and sold, the method of sale of the Bonds and the pricing of the Bonds shall be determined solely by the City in its legislative discretion in conformance with the Act, the Policy, and this Agreement. Each series of Bonds shall be issued with a term not to exceed 35 years from the date of issuance of the Bonds. The proceeds of the Bonds shall be used in the following priority to (1) fund a reserve fund for the payment of princ ipal and interest with respect to the Bonds in an amount equal to the least of (i) ten percent (10%) of the total bond issue, (ii) maximum annual debt service on Bonds, or (iii) 125% of average annual debt service; (2) fund capitalized interest through the interest payment date on the Bonds for which Special Taxes are not available for payment of debt service on the Bonds or such longer period as requested by the Developer and approved by the City, subject to the Act; (3) reimburse the Developer or its desi gnee pursuant to Section 1 hereof for CFD formation costs advanced by the Developer which have not already been reimbursed to the Developer from collected Special Tax; (4) pay for costs of issuance of the Bonds including, without limitation, underwriter’s discount, bond counsel and disclosure counsel fees, appraisal and special tax consultant fees, printing, fiscal agent fees, and reasonable Developer legal and financial consultant costs; (5) pay for the costs of forming the Community Facilities District; and (6) pay for the actual costs of the Improvements. At the request of the Developer, the City, in consultation with the underwriter of the Bonds, may consider providing for surety or bond insurance in lieu of all or a portion of the reserve fund in order to generate additional proceeds to fund Improvements. The Community Facilities District shall maintain records relating to the disbursements of proceeds of the sale of the Bonds. The Indenture or Resolution or Fiscal Agent Agreement (hereinafter “Indentu re”) for the Bonds shall establish an acquisition and construction fund or improvement fund (herein, the “Improvement Fund”) to be held by the fiscal agent (“Fiscal 930

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Agent”) into which shall be deposited initially the proceeds of the Bonds net of the amount of proceeds required to fund items (1) through (5) in the second preceding sentence. The Indenture shall also establish separate accounts of the Improvement Fund designated the “City Improvements Account,” “City Fee Facility Improvements Account,” and an y Miscellaneous Improvement Account(s) for the Miscellaneous Improvements described in Exhibit “C,” into which shall be deposited such portions of the Improvement Fund as agreed by the Parties and directed by the City in writing at or subsequent to the clo sing of the sale of the Bonds consistent with the following priorities:
(a) An amount sufficient to fund the reasonable, current estimated cost of the City Fee Facility Improvements anticipated to be funded out of the Bonds being issued shall be deposited in t he City Fee Facility Improvements Account (any Special Taxes collected by the CFD remaining after the payment of administrative expenses of the CFD and the reimbursement of the Developer for CFD formation costs and Improvements pursuant to Section 3 hereof shall be deposited into the City Fee Facility Improvements Account at the time of Bond issuance, unless otherwise directed in writing by the Developer);
(b) An amount equal to 20% of the amount funded in (a) shall be deposited in the City Fee Facility Improvements Account; (c) If applicable, an amount to be agreed upon between Developer and the CFD prior to the issuance of Bonds sufficient to fund the reasonable, current estimated costs of the City Improvements shall be deposited, or later transferred, to the City Improvements Account; and
(d) If applicable, an amount to be agreed upon between Developer and the CFD prior to the issuance of Bonds sufficient to fund the reasonable, current estimated cost of the Miscellaneous Improvements described in Exhibit “C” hereto, anticipated to be funded out of the Bonds being issued shall be deposited, or later transferred, to the applicable Miscellaneous Improvement Account(s).

Interest earned on moneys deposited in each of the City Fee Facility Improvements Account, the City Imp rovements Account and the Miscellaneous Improvements Account(s) shall remain in such accounts until such time as all of the Improvements have been funded. Additionally, the Developer may direct the CFD to transfer excess moneys in any of the City Fee Faci lity Improvements Account, the City Improvements Account or the Miscellaneous Improvements Account(s) to another Account. The Indenture shall provide that amounts remaining in the Improvement Fund after funding all proposed Improvements (such completion o f funding to be agreed by the City and the Developer) shall be deposited in the special tax fund or bond service fund and be applied to pay debt service on the Bonds and/or to call Bonds in advance of maturity.

3. Allocation of Special Taxes. Prior to the issuance of Bonds, the City Council of the City, acting as the legislative body of the Community Facilities District, may levy Special Taxes on all parcels classified as Developed Property pursuant to the Rate and Method. Such Special Taxes collected by the City shall first be applied to fund annual administrative expenses of the Community Facilities District and then to fund Improvements in the same manner as the proceeds of Bonds as set forth herein. Upon sale and delivery of the Bonds, the City shall annually levy the Special Tax as provided for in documents pursuant to which the Bonds were issued. Following the issuance of the 931

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last series of Bonds, the City shall have no obligation to levy Special Taxes to reimburse the Developer for the costs of any Improvements not paid for from Bond proceeds.

4. Notice of Special Tax . Developer shall provide written notice to all potential initial purchasers of lots advising of the special tax obligation applicable to the Developer Property in the form required by Section 53341.5 of the Government Code.

5. Design Plans and Specifications . The requirements of this Section shall not apply to any City Improvement that was complete (as determined by the City Council) prior to the adoption by the City Council o f the resolution forming the CFD, but they shall apply to all other City Improvements for which the Acquisition Price is paid. All plans, specifications and bid documents for the City Improvements (“Plans”) constructed or to be constructed by the Develope r shall be prepared by the Developer at the Developer’s initial expense, subject to approval by the applicable public agency. Costs for preparation of the Plans will be eligible for reimbursement, conditioned upon the final approval of the applicable public agency and the availability of funds. Reimbursement of costs for plan revisions will be considered on a case by case basis. All facilities which were not complete prior to the formation of the District, as determined by the City, shall be bid in accor dance with “public works” requirements of Section 7 to be eligible for reimbursement.

6. Construction of Improvements. The requirements of this Section shall not apply to any City Improvement that was complete (as determined by the City Council) prior to t he adoption by the City Council of the resolution forming the CFD, but they shall apply to all other City Improvements for which the Acquisition Price is paid.

6.1 Acquisition of City Improvements . Upon the approval of Plans for a City Improvement, the Develo per will provide for construction of such City Improvement in accordance with Sections 6.2 and 7 of this Agreement. Sections 6.2 and 7 specify the requirements for construction of the City Improvements that the City believes are necessary to ensure that s uch City Improvements are constructed as if they had been constructed under the direction and supervision, or under the authority of the City.

6.2 Acquisition. With respect to City Improvements, a qualified engineering firm (the “Field Engineer”) shall be emp loyed by the Developer to provide all field engineering surveys determined to be necessary by the City’s inspection personnel. Field Engineer shall promptly furnish to City a complete set of grade sheets listing all locations, offsets, etc., in accordance with good engineering practices, and attendant data and reports resulting from Field Engineer’s engineering surveys and/or proposed facility design changes. City shall have the right, but not the obligation, to review, evaluate and analyze whether such results comply with applicable specifications.

As necessary as determined by City, a full -time soil-testing firm, approved by City, shall be employed by the Developer to conduct soil compaction testing and certification. The Developer shall promptly furnis h results of all such compaction testing to the City for its review, evaluation and decision as to compliance with applicable specifications. In the event the compaction is not in compliance with applicable specifications, the Developer shall be fully lia ble and responsible for the costs of achieving compliance. A final report certifying all required compaction in accordance with the specifications shall be a condition of final approval of facilities. 932

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The costs of all surveying, testing and reports associ ated with the City Improvements furnished and constructed by the Developer’s contractor(s) shall be eligible to be paid from funds in the City Improvements Account.

The City shall not be responsible for conducting any environmental, archaeological, biological, or cultural studies or any mitigation requirements that may be requested by appropriate Federal, State, and/or local agencies. Any such work shall be paid for and conducted by the Developer and reimbursed out of the City Improvements Account.

Should the Developer notify the City that the Developer is unable to complete such City Improvement, the City shall have the right but not the obligation to require the Developer to make an irrevocable offer of dedication to the City of the land owned by the Deve loper for the City Improvement identified in the notice and to assume responsibility for the work to be performed thereunder. In the event the City elects to assume the responsibility for any work on a previously awarded contract as described in the prece ding sentence, the following will occur: (i) the Developer will make an irrevocable offer of dedication to the City of the land owned by the Developer for such City Improvement identified in the notice; (ii) to the extent permitted by law and the applicab le contract, the Developer will assign all of the contracts for the work performed to date on the City Improvement identified in the notice to the City, if requested to do so by the City Manager; the City will use its best efforts to complete the City Impr ovement within a reasonable time frame; and upon completion of the City Improvement, to the extent there are Special Taxes or proceeds of the Bonds available following payment to the City for the costs of completing such City Improvement, the Developer wil l be reimbursed for the lesser of the cost or value of the previously unreimbursed satisfactory work performed or paid for by the Developer. The cost of such work will be determined by taking the unreimbursed amounts expended by the Developer under the co ntract(s) taken over by the City and deducting any incremental cost incurred by the City to complete the work under the contracts in question. Incremental cost shall be costs in excess of the sum of the original contract cost plus change orders approved by the City.

7. Public Works Requirements.

7.1 City Requirements . In order that the City Improvements for which the Acquisition Price is paid may be properly and readily acquired by the City, the Developer shall comply with all of the requirements in this Section 7.1 with respect to any such City Improvements to be acquired with funds in the City Improvements Account and the Developer shall provide such proof to the City as the City may reasonably require and at such intervals and in such form as the City may reasonably require, that the requirements under this Section 7.1 have been satisfied as to all such City Improvements. Notwithstanding the foregoing, City Improvements shall only be eligible for financing by the CFD if the City determines that the con ditions under Section 53313.5 have been satisfied with respect to such City Improvements.
(a) The Developer shall prepare a bid package for review, comment and approval by the City Manager or his or her designee (the “City Representative”) for any City Improvements bid after the effective date of this Agreement. (b) For any City Improvements bid after the effective date of this Agreement, the Developer shall, after obtaining sealed bids for the construction of the City Improvements in conformance with the procedure s and requirements of the City, submit to the City written evidence of such competitive bidding procedure, including evidence of the means by which 933

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bids were solicited, a listing of all responsive bids and their amounts, and the name or names of the contractor or contractors to whom the Developer proposes to award the contracts for such construction, which shall be the lowest responsible bidder. (c) For any City Improvements bid after the effective date of this Agreement, the following provisions apply: the Cit y Representative shall attend the bid opening for such City Improvements. If unable to attend the bid opening, the City Representative shall approve or disapprove of a contractor or contractors, in writing, within five (5) business days after receipt from the Developer of the name or names of such contractor or contractors recommended by the Developer. If the City Representative disapproves of any such contractor, the Developer shall select the next lowest responsible bidder from the competitive bids rece ived who is acceptable to the City Representative.
(d) The specifications and bid and contract documents shall require all such contractors to pay prevailing wages and to otherwise comply with applicable provisions of the Labor Code, the Government Code and th e Public Contract Code relating to public works projects and as required by the procedures and standards of the City with respect to the construction of its public works projects.
(e) The Developer shall submit faithful performance and payment bonds in form and substance reasonably acceptable to the City with respect to the City Improvements. (f) The Developer and its contractor and subcontractors shall be required to provide proof of insurance coverage throughout the term of the construction of the City Improvements, which they will construct in conformance with the City’s standard procedures and requirements. The City’s insurance requirements are set out in Section 21 herein. (g) The Developer and all such contractors shall comply with such other requirements relating to the construction of the City Improvements which the City may impose by written notification delivered to the Developer and each such contractor at the time either prior to the receipt of bids by the Developer for the construction of such City Improvem ents or, to the extent required as a result of changes in applicable laws, during the progress of construction thereof; provided that such other requirements shall only be imposed to the extent the City reasonably determines they are required in order to c omply with applicable law. In accordance with Section 7, the Developer shall be deemed the awarding body and shall be solely responsible for compliance and enforcement of the provisions of the Labor Code, Government Code, and Public Contract Code. (h) A “Chan ge Order” is an order from the Developer to a contractor authorizing a change in the work to be performed and a “Significant Change Order” is an order from the Developer to a contractor authorizing a change in the work to be performed where such Change Order is larger than 10% of the contract amount for such City Improvement. After the effective date of this Agreement, the Developer shall receive comments from the City Representative prior to the Developer’s approval of any Significant Change Order. The C ity Representative shall comment on or deny the Significant Change Order request within ten (10) calendar days of receipt of all necessary information. The City’s comments to a Significant Change Order shall not be unreasonably delayed, conditioned or wit hheld. After the effective date of this Agreement, field verification that the work was performed in accordance with a Change Order or a Significant Change Order shall be required, which verification shall be demonstrated by the signature of a City Represe ntative on the Change Order or Significant Change Order. The Developer shall not be entitled to be compensated for costs 934

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associated with a Change Order or a Significant Change Order that has not been approved or if the work has not been verified, as appli cable, by the City Representative in accordance with this Section 7(h).

Developer shall provide proof to the City, at such intervals and in such form as the City may reasonably require, that the foregoing requirements have been satisfied as to all of the C ity Improvements which are funded through Bond proceeds.

8. Inspection; Completion of Construction . The requirements of this Section shall not apply to any City Improvement that was complete (as determined by the City Council) prior to the adoption by the Ci ty Council of the resolution forming the CFD, but they shall apply to all other City Improvements for which the Acquisition Price is paid.

The City shall have primary responsibility for inspecting the City Improvements to assure that the work is being acco mplished in accordance with the Plans. Such inspection does not include inspection for compliance with safety requirements by the Developer’s contractor(s). The City’s personnel shall be granted access to each construction site at all reasonable times fo r the purpose of accomplishing such inspection. Upon satisfaction of the City’s inspectors, the Developer shall notify the City in writing that a City Improvement has been completed in accordance with the Plans. Any actual costs reasonably incurred by the City for inspection not previously paid by the Developer shall be reimbursed from funds in the City Improvements Account.

Within three (3) business days of receipt of written notification from City inspectors that a City Improvement has been completed in accordance with the Plans, the City Representative shall notify the Developer in writing that such City Improvement has been satisfactorily completed. Upon receiving such notification, the Developer shall file a Notice of Completion with the County of Riverside Recorders Office, pursuant to the provisions of Section 3093 of the Civil Code. The Developer shall furnish to the City a duplicate copy of each such Notice of Completion showing thereon the date of filing with the County of Riverside (the “County ”). City will in turn file a notice with the County for acceptance.

9. Liens. With respect to any City Improvement that was complete (as determined by the City Council) prior to the adoption by the City Council of the resolution forming the CFD, prior to any payment by the CFD to the Developer for such City Improvement, the Developer shall provide to the City such evidence or proof as the City shall require that all persons, firms and corporations supplying work, labor, materials, supplies and equipment for the construction of the City Improvements have been paid, and that no claims of liens have been recorded by or on behalf of any such person, firm or corporation. With respect to City Improvements, upon the earlier of (i) receipt of all applicable lien rel eases, or (ii) expiration of the time for the recording of claim of liens as prescribed by Sections 3115 and 3116 of the Civil Code the Developer shall provide to the City such evidence or proof as the City shall require that all persons, firms and corpora tions supplying work, labor, materials, supplies and equipment for the construction of the City Improvements have been paid, and that no claims of liens have been recorded by or on behalf of any such person, firm or corporation.

10. Acquisition; Acquisition Pr ice; Source of Funds . The acquisition price of a City Improvement that was complete (as determined by the City Council) prior to the adoption by the City Council of the resolution forming the CFD shall be its fair market value, as determined by the City Manager or his or her de signee, as of the date of acquisition. The City shall consider input and data 935

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provided by the Developer prior to determining the final fair market value. The Actual Cost (as defined below) of the City Improvement shall be presumed to be its fair market v alue unless there is reasonable evidence that a lower amount is the fair market value.

The costs eligible to be included in the acquisition price of a City Improvement that is not described in the preceding paragraph (the “Actual Costs”) shall include:
(i) The actual hard costs for the construction of such City Improvement as established by the City-approved construction contracts, Change Orders, and approved Significant Change Orders, including costs of payment, performance and maintenance bonds and insurance costs, pursuant to this Agreement;
(ii) The design and engineering costs of such City Improvement including, without limitation, the costs incurred in preparing the Plans; (iii) The costs of environmental evaluations and public agency permits and approvals attributable to the City Improvement;
(iv) Costs incurred by the Developer for construction management and supervision of such City Improvement, not to exceed five percent (5%) of the actual construction cost;
(v) Professional costs associated with the City Improvement such as engineering, inspection, construction staking, materials, testing and similar professional services; and (vi) Costs approved by the City in accordance with the Act of acquiring any real property or interests therein required for the City Improvement including, without limitation, temporary construction easements, temporary by-pass road and maintenance easements.

Provided the Developer has complied with the requirements of this Agreement, the City agrees to pay the acquisition price of a completed City Improve ment to the Developer or its designee within thirty (30) days after the Developer’s satisfaction of the preconditions to such payment stated herein, but only to the extent there are sufficient funds available in the City Improvements Account.

Except in th e case of a City Improvement described in the first paragraph of this Section, the acquisition price to be paid from Bond proceeds for the acquisition of a City Improvement by the City shall be the least of (1) the value of the City Improvement; or (2) the total of the Actual Costs of the City Improvement (“Acquisition Price”). The Actual Cost of the City Improvement shall be presumed to be its Acquisition Price unless there is reasonable evidence that a lower amount is the actual value.

As a condition to the payment of the Acquisition Price, the ownership of the completed City Improvement shall be transferred to the City by grant deed, bill of sale or such other documentation as such public agency may require free and clear of all taxes, liens, encumbrance s, and assessments, but subject to any exceptions determined by the City to not interfere with the actual or intended use of the land or interest therein (including the lien of a community facilities district so long as the subject property is exempt from taxation or is otherwise not taxable by such community facilities district). Upon the transfer of ownership of City Improvements or any portion thereof to the City, the City shall be responsible for the maintenance of such City Improvements or the portion transferred.

Notwithstanding the foregoing, the Acquisition Price of a City Improvement may be paid prior to 936

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transfer of ownership and acceptance of the City Improvement if it is substantially completed at the time of payment. The City Improvement shall be considered “substantially complete” when it has been reasonably determined by the City to be usable, subject to final completion of such items as the final lift or any other items not essential to the primary use or operation of the City Improvement.

For purposes of determining the Acquisition Price to be paid by the Community Facilities District for the acquisition of the City Improvements by the City (other than City Improvements described in the first paragraph of this Section), the value of such Ci ty Improvements shall include the construction costs specified in the City-approved contracts (subject to the next sentence), Change Orders, and City -approved Significant Change Orders conforming to Section 6, as hereinbefore specified. City approval is a condition prior to initiation of contract work for City Improvements bid after the effective date of this Agreement. However, if the City reasonably determines that the additional Actual Costs are excessive and that the value of the City Improvements is less than the total amount of such Actual Costs and such construction costs, the price to be paid for the acquisition of the City Improvements shall be the value thereof as determined by the Engineer, subject, however, to the Developer’s right to appeal to the City Council.

Upon completion of the construction of a City Improvement, the Developer shall deliver or cause to be delivered to the City a Disbursement Request Form in substantially the form of Exhibit “D,” attached hereto, copies of the contract(s) with the contractor(s) who have constructed the City Improvement and other relevant documentation with regard to the payments made to such contractor(s) and each of them for the construction of the City Improvement, documentation evidencing payment of prev ailing wages, and shall also provide to the City invoices and purchase orders with respect to all equipment, materials and labor purchased for the construction of the City Improvements. The City shall require the Engineer to complete its determination of the value of the City Improvements as promptly as is reasonably possible.

The payment of the Acquisition Price of any City Improvement that is included in the City’s fee program shall not preclude the grant of City fee credits to the Developer for such Cit y Improvements.

Notwithstanding the preceding provisions of this Section, the source of funds for the acquisition of the City Improvements or any portion thereof shall be funds in the City Improvements Account. If for any reason beyond the City’s control the Bonds are not sold, the City shall not be required to acquire the City Improvements from the Developer, except to the extent of funds from the collection of Special Taxes. In such event, the Developer shall complete the design and construction and off er to the City ownership of such portions of the City Improvements as are required to be constructed by the Developer as a condition to recordation of subdivision maps for the Developer Property (but only at such times as required by such condition), but n eed not construct any portion of the City Improvements which it is not so required to construct. Reimbursement for these facilities would be made from the collection of Special Taxes over time.

In addition to the foregoing, the City shall have the right t o withhold payment for acquisition of a City Improvement, if:
(a) the Developer or any of its affiliates is delinquent in the payment of any Special Taxes levied by the Community Facilities District on properties then owned by the Developer or any of its affiliates within the CFD, or
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(b) the Developer is not then in substantial compliance with a condition or obligation imposed upon the Developer Property by the City, including but not limited to, payment of all applicable fees, dedication of all applicable rights -of-way or other property and construction requirements.

The City shall immediately provide written notice to the Developer of the decision to withhold any such payment and shall specify the reason for such decision. If the payment is withheld as a result of the delinquency in the payment of Special Taxes, the notice shall identify the delinquent parcels and the amount of such delinquency. If the payment is withheld as a result of substantial non-compliance with a condition or obligation, the notice shall s pecify such condition or obligation and what action will be necessary by the Developer to substantially comply with such condition or obligation. Upon receipt of evidence reasonably satisfactory to the City that the Developer has paid the delinquent Speci al Taxes or complied with the subject condition or obligation, the City shall forthwith make all payments which have been withheld pursuant to the provisions of this Section.

11. Easements and/or Fee Title Ownership Deeds . Without limiting the Developer’s rights to reimbursement for such grants pursuant to Section 10 above, the Developer shall, at the time the City acquires the City Improvements as provided in Section 10 hereof, grant or cause to be granted to the City, by appropriate instruments prescribed by the City, all easements across private property and/or fee title ownership deeds which may be reasonably necessary for the proper operation and maintenance of such City Improvements, or any part thereof, but only to the extent located within the Developer Property.

12. Permits. The Developer shall be responsible for obtaining all necessary construction permits from the City and/or the County (as appropriate) covering construction and installation of the City Improvement.

13. Maintenance. Prior to the transfer of ownership of a City Improvement by the Developer to the City, as provided in Section 10 hereof, the Developer shall be responsible for the maintenance thereof and shall require its contractor(s) to repair all facilities damaged by any party other than the City, prior to acceptance by the City and/or make corrections determined to be necessary by the City’s inspection personnel. The City shall not be permitted to place any City Improvement in service prior to acceptance of the same, unless the Developer otherwise consents in writing.

14. Inspection of Records. The City shall have the right to review all books and records of the Developer pertaining to the costs and expenses incurred by the Developer for the design and construction of the City Improvements d uring normal business hours by making arrangements with the Developer. The Developer shall have the right to review all books and records of the City pertaining to costs and expenses incurred by the City for services of the Engineer by making arrangements with the City.

15. Ownership of Improvements. Notwithstanding the fact that some or all of the City Improvements may be constructed in dedicated street rights-of-way or on property which has been or will be dedicated to the City, each City Improvement shall be and remain the property of the Developer until acquired by the City as provided in this Agreement.

16. Materials and Workmanship Warranty. The requirements of this Section shall not apply to any City Improvement that was complete (as determined by the Ci ty Council) prior to the 938

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adoption by the City Council of the resolution forming the CFD, but they shall apply to all other City Improvements.

Upon the completion of the acquisition of a City Improvement by the City, the performance bond related to such ind ividual City Improvement provided by the Developer pursuant to Section 7.1(e) hereof, shall be reduced by 90%, and the remaining 10% shall serve as a maintenance bond to guarantee that such City Improvement will be free from defects due to faulty workmansh ip or materials for a period of one year.

17. City Fee Facility Improvements . The Developer may be required pursuant to the conditions of development or the fee ordinance to pay certain City fees (the “City Fees”) relating to the City Fee Facility Improvements prior to the availability of proceeds of the Bonds to pay for such City Fee Facility Improvements. In the event such City Fees are paid prior to the availability of Bond proceeds, the amounts paid to the City shall be deemed to be deposits (each a “Depo sit”) that are subject to refund by the City to the Developer in accordance with this Agreement. The City shall place each Deposit in a capital facilities account(s). If the Developer has made any Deposits to the City, then following deposit of Bond proc eeds in the City Fee Facility Improvements Account, the City shall return to the Developer, from the capital account in which the Deposits were deposited the Deposits not previously returned, without interest or other earnings thereon. The City shall be s o obligated to return such Deposits only to the extent that an equivalent amount of the Deposits to be returned is deposited in the City Fee Facility Improvements Account from Bond proceeds or Special Tax collections prior to the issuance of Bonds.

Bond proceeds used to finance City Fee Facility Improvements which relate to the City Fees shall be allocated first for return of all Deposits prior to being allocated to the payment of City Fees not previously deposited by the Developer. Any Deposits that have not been returned to the Developer at the time it is determined that there will be no further Bond proceeds available (i.e. the final series of Bonds to finance the Improvements have been issued) shall be retained by the City and may be used for the purposes for which the City Fee was required, and the unrefunded Deposits shall constitute full and final payment for such City Fees, without any increase of any kind.

18. Miscellaneous Improvements. Improvements unrelated to the City Improvements and the City Fee Facility Improvements are described in Exhibit “C” attached hereto. The amounts deposited in the applicable Miscellaneous Improvements Account(s), if any, will be disbursed for the acquisition or construction of Miscellaneous Improvements in accordance wi th the provisions in the applicable Joint Community Facilities Agreement. Any amounts in the applicable Miscellaneous Improvements Account(s) shall be disbursed at the written direction of the City upon Developer’s submittal of a payment request which will be based upon applicable entity’s payment request form as provided for in the applicable Joint Community Facilities Agreement. Upon receipt of such payment request, the City shall submit a written requisition for payment of the requested amount to the F iscal Agent for the Bonds, who shall directly pay the amount requested to the applicable entity.

19. Independent Contractor . In performing this Agreement, Developer is an independent contractor and not the agent of the City. The City shall not have any respo nsibility for payment to any contractor or supplier of Developer. It is not intended by the Parties that this Agreement create a partnership or joint venture among them and this Agreement shall not otherwise be construed.
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20. Indemnification. Developer shall assume the defense of, indemnify and save harmless, the City, its officers, employees and agents, and the Community Facilities District, its officers, employees and agents, from and against all actions, damages, claims, losses or expenses of every type and description to which they may be subject or put, by reason of, or resulting from such person’s or entity’s performance of its obligations under this Agreement and the construction of the City Improvements and the Miscellaneous Improvements, the failure o f the Developer to provide notice of the Special Tax to be levied by the Community Facilities District pursuant to Section 53341.5 of the Act (but only if the Developer is required by law to provide such notice), or arising out of any alleged misstatements of fact or alleged omission of a material fact made by the Developer, its officers, directors, employees or agents to the City, the Community Facilities District, the underwriter of the Bonds and its counsel, the appraiser, the special tax consultant, the market absorption consultant or bond counsel regarding the Developer, its proposed developments, its property ownership, and any contractual arrangement it may enter into in a disclosure document describing the Community Facilities District and the risks relating to the Bonds. No provision of this Agreement shall in any way limit the extent of Developer’s responsibility for payment of damages resulting from the operations of Developer and its contractors; provided, however that Developer shall not be required to assume the defense or indemnify and save harmless any person or entity as to actions, damages, claims, losses or expenses resulting from the breach of this Agreement, the willful misconduct of such person or entity or their officers, agents, consultants or employees.

21. Insurance Requirements. For City Improvements bid after the effective date of this Agreement for which the Acquisition Price is paid, the Developer shall not commence work on such City Improvement under this Agreement prior to obtainin g insurance with a company or companies acceptable to the City, nor shall the Developer allow any contractor or subcontractor to commence work on their respective contracts until all insurance required by this Agreement have been obtained.

The required insurance, endorsements and policy limits shall be as follows:

A. GENERAL LIABILITY
Developer shall obtain and maintain Commercial General Liability Insurance covering all operations by or on behalf of Contractor or their subcontractors providing insurance f or bodily injury liability and property damage liability for the limits of liability indicated below and including coverage for:
 Premises and Operations
 Products and Completed Operations
 Contractual Liability
 Explosion, collapse and Underground Hazards, including subsidence and any other form of earth movement (if applicable)
 Personal Injury Liability
 Independent Contractors

NOTE: Claims-made or Modified Occurrence Policy are NOT ACCEPTABLE.

1. LIMITS—Limits of liability shall be no less than:
a. Each Occurrence $2,000,000
b. Personal & Advertising Injury $2,000,000
c. Products/Completed Operations Aggregate $4,000,000 940

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d. General Aggregate $4,000,000

2. ENDORSEMENTS—Endorsements MUST be attached to certificate and added to your policy:
a. Additional Insured endorsement naming City as additional insureds. b. Primary and non -contributory wording endorsement stating that the Contractor’s insurance is primary and any insurance maintained by the additional insureds is non-contributory.
c. A Waiver of Subrogation or Waiver of Transfer of Rights of Recovery Against Others To Us shall be issued in favor of those additional insureds named in A.2.a. above.

B. WORKERS COMPENSATION

Workers’ Compensation insurance shall be provided wi th statutory limits as required by applicable state law of regulation. If the Contractor is self-insured, it must provide proof of that fact.

1. LIMITS—Employer’s Liability Limits shall be no less than:
a. Each Accident for Bodily Injury by Accident $1,000,000 b. Each Employee for Bodily Injury by Disease $1,000,000 c. Policy Limit for Bodily Injury by Disease $1,000,000

2. ENDORSEMENTS—Endorsements MUST be attached to certificate and added to your policy:
a. WAIVER OF SUBROGATION—A Waiver of Subrogation or Waiver of Transfer of Rights of Recovery Against Others to Us shall be issued in favor of those additional insureds named in A.2.a. above.

C. AUTOMOBILE

Automobile Liability insurance shall include coverage for all owned (if any), hired and non-owned automobiles.

1. LIMITS—Limits of Liability shall be no less than:
a. Combined Single Limit $1,000,000
or
b. Bodily Injury Each Person Limit $1,000,000
c. Bodily Injury Per Occurrence Limit $1,000,000
d. Property Damage Per Occurrence Limit $1,000,000

2. ENDORSEMENTS—Endorsements MUST be attached to certificate and added to your policy:

a. Additional Insureds as provided in ISO form CA 00 01 or its equivalent naming those additional insureds named in A.2.a. above. b. Primary and non -contributory wording endorsement stating that the contractor’s insurance is primary and any insurance maintained by the additional insureds is non-contributory.
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c. Waiver of Subrogation as provided in ISO form CA 00 01 or its equivalent in favor of those additional insureds named in A.2.a. above.

22. Conflict With Other Agreements . Except as specifically provided herein, nothing contained herein shall be construed as releasing Developer from any condition of development or requirement imposed by any other agreement with City. In the event of a conflicting provision, such other agreement shall prevail unless such conflicting provision is specifically waived or modified in writing by City.

23. Notices. Any notice, payment or instrument required or permitted by this Agreement to be given or delivered to either Party shall be deemed to have been received when personally delivered or seventy-two (72) hours following deposit of the same in any United States Post Office in California, registered or certified, postage prepaid. Any notice to the Community Facilities District or the City shall be addressed to City of Murrieta, 1 Town Square , Murrieta, CA 92562, Attention:

City Manager. Any notice to Developer shall be addressed to Century Communities of California, LLC, 4695 MacArthur Court, Suite 300, Newport Beach, CA, 92660, Attention: Justin Brewer, Executive Vice President.

Each Party may change its address for delivery of notice by delivering written notice of such change of address to the other Party hereto.

24. No Gift or Waiver.

24.1 No Gift or Waiver for City Improvements . The Developer and the City acknowledge that:
(a) The Developer or its predecessor may have constructed or may be constructing City Improvements before funds that will be used to acquire them are available with the expectation that the Developer will be reimbursed for such City Improvements to the extent and in the manner set forth in this Agreement.

The City may inspect City Improveme nts and process Disbursement Request Forms even if funds from the proceeds of Bonds available at the time of such inspection and processing do not exist or are not then sufficient to satisfy the Disbursement Request in full. (b) The Developer may convey City I mprovements to the City and the City may accept such City Improvements even if funds from the proceeds of Bonds available at the time of such conveyance and acceptance do not exist or are not then sufficient to satisfy the Disbursement Request in full.

If the City accepts City Improvements before a Disbursement Request is paid in full, the unpaid balance of the Disbursement Request will be paid from time to time, in any number of installments and irrespective of the length of time payment is deferred, as fu nds from the proceeds of Bonds become available.
(c) The Developer’s conveyance or dedication of City Improvements to the City before the availability of funds from the proceeds of Bonds to acquire the City Improvements is not and shall not be deemed, a gift o r a waiver of the Developer’s right to payment of the purchase price of such City Improvements pursuant to this Agreement. 942

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24.2 No Gift or Waiver for City Fees . The Developer and the City acknowledge that:
(a) Prior to the availability of funds from the proceeds o f Bonds, the Developer or its predecessor may have been or may be required to deposit funds to assure payment of applicable City Fees of the City.

The Developer or its predecessor has deposited or will be depositing such funds with the expectation that the Developer will be reimbursed for these Deposits to the extent and in the manner set forth in this Agreement.
(b) The reimbursement of such Deposits pursuant to Section 17 of this Agreement may occur from time to time, in any number of installments and irrespective of the length of time payment is deferred, as funds become available.

The Developer’s deposit of such funds to the City before the availability of funds to reimburse the Developer is not, and shall not be deemed, a gift or a waiver of the Developer’s right to reimbursement of such Deposits pursuant to this Agreement.

25. General Provisions.

25.1 Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the City and the Developer and their respective heirs, executors, legal repre sentatives, successors, and authorized assigns.

25.2 Amendment. This Agreement may be amended at any time but only in writing signed by each Party hereto.

25.3 Entire Agreement . This Agreement, and the agreements referenced herein, contains the entire understandin g and agreement between the Parties with respect to the matters provided for herein and supersedes all prior agreements and negotiations between the Parties with respect to the subject matter of this Agreement. There are no oral or written representations , understanding, undertakings or agreements which are not contained or expressly referred to herein, and any such representations, understandings or agreements are superseded by this Agreement.

Failure by a Party to insist upon the strict performance of a ny of the provisions of this Agreement by the other Parties hereto, or the failure by a Party to exercise its rights upon the default of another Party, shall not constitute a waiver of such Party’s right to insist and demand strict compliance by such other Parties with the terms of this Agreement thereafter. This Agreement shall be binding upon, and enforceable by and against the Community Facilities District upon the establishment of the Community Facilities District.

25.4 Exhibits. All exhibits attached here to are incorporated into this Agreement by reference.

25.5 Severability. If any part of this Agreement is held to be illegal or unenforceable by a court of competent jurisdiction, the remainder of this Agreement shall be given effect to the fullest extent reasonably possible.

25.6 Waiver. Failure by a Party to insist upon the strict performance of any of the provisions of this Agreement by the other Parties hereto, or the failure by a Party to exercise its rights 943

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upon the default of another Party, shall not constit ute a waiver of such Party’s right to insist and demand strict compliance by such other Parties with the terms of this Agreement thereafter.

25.7 No Third Party Beneficiaries . Except as provided explicitly in this Agreement, no person or entity shall be deemed to be a third party beneficiary hereof, and nothing in this Agreement (either express or implied) is intended to confer upon any person or entity, other than the City, the Community Facilities District, the Developer, and the Security Provider (and their respective successors and assigns), any rights, remedies, obligations or liabilities under or by reason of this Agreement.

25.8 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which shall constitute but one instrument.

25.9 Assignment. Developer may assign all or any of its rights pursuant to this Agreement to a purchaser of all or any portion of the Developer Property. Such a purchaser and assignee shall, as a condition to taking an assignment of such rights, enter into an assignment and assumption agreement with the City and Developer, in a form reasonably acceptable to Developer and the City, whereby such rights assigned are specified and such purchaser agrees, except as may be otherwise specifi cally provided therein, to assume the obligations of Developer pursuant to this Agreement and to be bound thereby. A company that acquires all of the assets of the Developer, including ownership of the Developer itself, shall be deemed a successor and sha ll not require an assignment or assumption agreement to be bound by, and enjoy the benefits of, this Agreement.

25.10 Governing Law. This Agreement and any dispute arising hereunder shall be governed by and interpreted in accordance with the laws of the State of California.

25.11 Construction of Agreement . This Agreement has been reviewed by legal counsel for both the City and Developer and shall be deemed for all purposes to have been jointly drafted by the City and Developer. No presumption or rule that ambiguitie s shall be construed against the drafting Party shall apply to the interpretation or enforcement of this Agreement.

25.12 Termination. The provisions of this Agreement related to the acquisition and financing of the Improvements shall terminate and be of no further force or effect if the first series of Bonds for the CFD are not sold within ten years from the date of this Agreement unle ss extended by agreement of all the Parties. If the City is unable to sell the first series of Bonds for the CFD after diligent, commercially reasonable efforts to do so, this Agreement shall terminate and be of no further force and effect; provided, howe ver, in such event, any collected Special Taxes remaining after the payment of administrative expenses of the CFD and reimbursement to the Developer of CFD formation costs shall be used to pay for Improvements in accordance with this Agreement and Developer shall receive a credit against City Fees otherwise payable to City in the amount so used to pay for City Fee Facility Improvements.

25.13 Attorneys’ Fees . In the event of any action or proceeding, including an arbitration or a reference pursuant to Section 638 et seq., of the Code of Civil Procedure brought by any Party against any other under this Agreement, the prevailing Party shall be entitled to recover its actual attorneys’ fees and all fees, costs and expenses incurred for prosecution, defense, consult ation, or advice in such action or proceeding. In addition to the foregoing, the prevailing Party shall be entitled to its actual attorneys’ fees and all fees, costs and expenses incurred in any post -judgment 944

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proceedings to collect or enforce the judgment . This provision is separate and several and shall survive the merger of this Agreement into any judgment on this Agreement.

25.14 Venue and Forum . Any action at law or in equity arising under this Agreement brought by any Party hereto for the purpose of enfor cing, construing or determining the validity of any provision of this Agreement shall be filed and tried in the Superior Court of the County of Riverside, State of California, and the Parties waive all provisions of law providing for the filing removal or change of venue to any other Court.
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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year written below.

DATED: June 2, 2026
CITY OF MURRIETA, a political subdivision
of the State of California

By:

Justin Clifton, City Manager
ATTEST:

By:

Cristal McDonald, City Clerk

APPROVED AS TO FORM:

CITY ATTORNEY FOR THE CITY OF

MURRIETA

By:

Tiffany Israel, City Attorney

CENTURY COMMUNITIES OF
CALIFORNIA, LLC, a Delaware limited
liability company

By: __________________________
Name: __________________________
Its: __________________________

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LIST OF EXHIBITS

EXHIBIT A - DESCRIPTION OF DEVELOPER PROPERTY

EXHIBIT B - DESCRIPTION OF COST ESTIMATES

EXHIBIT C - MISCELLANEOUS IMPROVEMENTS

EXHIBIT D - DISBURSEMENT REQUEST FORM

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EXHIBIT A

DESCRIPTION OF DEVELOPER PROPERTY
Real property in the City of Murrieta, County of Riverside, State of California, described as follows:

Assessor’s Parcel No. 909-190-001

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EXHIBIT B
DESCRIPTION OF COST ESTIMATES OF THE IMPROVEMENTS (1)
I. CITY FEE FACILITY IMPROVEMENTS.

Estimated Cost of the City Fee Facility Improvements
Description Estimated Cost
Law Enforcement $ 63,879
Fire Facilities 67,838
Streets & Bridges 586,467
Traffic Signals 112,457
Storm Drainage 35,738
General Facilities 25,787
Park Land Facilities 466,841
Community Center 81,748
Public Library 41,516
Total City Fees Facility Improvements $ 1,482,271

II. CITY IMPROVEMENTS.

Estimated Cost of the City Facility Improvements
Description Estimated Cost
Offsite Street Improvements ‐ Washington Ave $ 927,897 Offsite Street Improvements ‐ Vertical Curve 413,800
Total City Facility Improvements $ 1,341,697

(1) Amounts are estimates and subject to change. The Acquisition Price will be funded with Bond proceeds.
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EXHIBIT C

DESCRIPTION OF THE MISCELLANEOUS IMPROVEMENTS
School District facilities included in the School District’s school fee programs, including but not limited to the following:

Description Estimated Cost

Level I School Developer Fee $ 1,179,495
CFD Premium 294,874
Total Estimated School District Facilities Fees $ 1,474,369

Water District facilities included in the Water District’s fee programs, including but not limited to the following:

Description Estimated Cost

Water Capacity Charge $ 646,419
Water Meter, Residential 8,528
Water Capacity, Irrigation 82,034
Water Meter, Irrigation 1,011
Sewer Capacity Fees 864,603
Total Estimated Water District Facilities Fees $ 1,602,595

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EXHIBIT D
CFD NO. 2026-1 (GIERSON RANCH) OF THE CITY OF MURRIETA

DISBURSEMENT REQUEST FORM

1. Community Facilities District No. 2026-1 (Gierson Ranch ) of the City of Murrieta (the “CFD”) is hereby requested to pay from the ________________________ Account, or any applicable account or sub -account thereof, established by the CFD in connection with its 20__ Special Tax Bonds (the “Bonds”) to City of Murrieta (the “City”) as payee, the sum set forth below:
$_____________________ (the Requested Amount”)

2. The Requested Amount represents the payment of City Fees for ___ lot(s) within the boundaries of the CFD (the “Property”).
(Tract No. __________, Lot Nos. ________________).

Or, City Improvements as supported by attached documentation.

3. The Requested Amount is due and payable, and has not formed the basis of any prior request or disbursement.

4. The City, as payee, is hereby directing payment of the Requested Amount be payable to ________________ (the “Developer”), pursuant to the wiring instructions attached hereto.

5. The Requested Amount is authorized and payable pursuant to the terms of the certain Acquisition, Construction and Funding Agreement (the “Agreement”) between the Cit y of Murrieta, acting for and on behalf of itself and the CFD and Developer.

6. Capitalized undefined terms used herein shall have the meaning ascribed to them in the Agreement.
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Dated: DEVELOPER:
________________

By:

Name:

Title:

Dated: CITY OF MURRIETA
By:

Its:

[ATTACH WIRING INSTRUCTIONS]

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JOINT COMMUNITY FACILITIES AND

SCHOOL FACILITIES MITIGATION AGREEMENT

JOINT COMMUNITY FACILITIES AND

SCHOOL FACILITIES MITIGATION AGREEMENT

BY AND AMONG

CITY OF MURRIETA,

MURRIETA VALLEY UNIFIED SCHOOL DISTRICT AND

CENTURY COMMUNITIES OF CALIFORNIA, LLC
(Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta)

THIS JOINT COMMUNITY FACILITIES AN D SCHOOL FACILITIES MITIGATION AGREEMENT (“Agreement”) is made and entered into as of the 1st day of June, 2026, by and among THE CITY OF MURRIETA, a general law ci ty organized and existing under the laws and Constitution of the State of California (“City”), the MURRIETA VALLEY UNIFIED SCHOOL DISTRICT, a California public school district organized and operating pursuant to the applicable provisions of the California Education Code (“School District”), and CENTURY COMMUNITIES OF CALIFORNIA, LLC, a Delaware limited liability company (“Developer”).

R E C I T A L S:

A. Developer intends to develop certain real property (the “Property”) located within the boundaries of the City and School District, consisting of approximately 16 gross acres within Tract Map 39271 (the “Project” ) to be developed with approximately 107 dwelling units, as more fully depicted in Exhibit “A” attached hereto.

B. The Project will require the payment to School District of all or a part of Statutory School Fees (defined below) required to finance School Facili ties (defined below).

In lieu of the Statutory School Fees, the Mitigation Amount (as defined below) is expected to be paid to School District, in whole or in part, from Bond Proceeds (defined below) of Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta (the “CFD”). The City Facilities (defined below) and School Fa cilities are sometimes co llectively referred to herein as the “Facilities.”
C. Pursuant to Developer’s request, the City Council of the City is in the process of forming the CFD pursuant to the Act to finance all or a portion of the Facilities. The City will have responsibility for the formation and administration of the CFD.

D. The City is authorized by Section 53313. 5 of the Act to finance, by means of the CFD, the School Facilities. This Agreement constitutes a “joint community facilities agreement” (“JCFA”) within the meaning of Section 53316.2 of the Act by and among the City, School District and Developer, pursuant to which the CFD will be authorized to finance the School Facilities. Pursuant to Section 53316.2(b) of the Act, a JCFA may be approved by two or more public agencies prior to the adoption of a resolution author izing the issuance of bonds. As provided by Section 53316.6 of the Act, City is responsi ble for constructing, providing, maintaining and operating the City Facilities and the School District is responsible for constructing, providing, maintaining and operating the School Facilities. 953

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E. The provision of the City Facilities and School Facilities is necessitated by the Project, and the Parties hereto find and dete rmine that the residents of the City, School District and CFD will be benefited by the financing of the City Facilities and School Facilities, and that this Agreement is beneficial to the interests of such residents.

ARTICLE I

GENERAL PROVISIONS
Section 1.1. Recitals
The above recitals are true and correct and are hereby incorporated by this reference.

Section 1.2. Definitions
Unless the context clearly otherwise requires, the terms defined in this Section shall, for all purposes of this Agreement, have the meanings herein specified. (a) “Act” means the Mello-Roos Community Facilities Act of 1982, as amended, commencing with California Government Code Section 53311, et seq. (b) “Agreement” means this Joint Community Facilities and School Facilities Mitigation Agreement.
(c) “Amount per Square Foot” means 125% of the amount per square foot authorized to be used by the School District to calculate the then applicable Statutory School Fees. As of the date of this Agreem ent, that amount is $6.46 (1.25 x $5.17 per square foot).
(d) “Assessable Square Feet” means the square footag e within the perimeter of a residential structure, ex cluding any carport, walkways, garages, overhangs, enclosed patios, detached necessary structures or simi lar areas. For purposes of determining the Assessable Square Feet of a dwelling unit, th e School District may rely on the square footage contained on the building permit issued for the dwelling unit. (e) “Bond Proceeds” shall mean those net funds generated by the sale of the Bonds.
(f) “Bond Resolution” means that Resolution, Reso lution Supplement, Fiscal Agent Agreement, Indenture of Trust or othe r equivalent document(s) providing for the issuance of the Bonds.
(g) “Bonds” shall mean those bonds, or other se curities, issued by, or on behalf of the CFD, as authorized by the qualified electors within the CFD. (h) “Certificates of Compliance” means those certificates issued by School District pursuant to Education Code Section 17620(b) to Developer certifying that Developer has paid the Deposit in order to obtain a building permit for a dwelling unit. (i) “CFD” means Community Faciliti es District No. 2026-1 (Gierson Ranch) of the City of Murrieta.
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(j) “City Facilities” means storm drainage, library, park, law enforcement, fire, streets and bridges, traffic, administration and community center facilities, and other public facilities of the City, including the foregoing public facilities which are included in the City’s fee programs with respect to such facilities and authorized to be financed under the Act. (k) “Deposits” shall mean all amounts advanced to School District by Developer prior to the issuance and sale of the Bonds, as security for the future payment, with Bond Proceeds, of the Statutory Sch ool Fees due in connection with Certificates of Compliance issued by School District for dw elling units within the Project prior to the issuance and sale of the Bonds and the funding of the School Fee Fund.
(l) “Disbursement Request” means a request for payment relating to School Facilities in the form attached hereto as Exhibit “B.”
(m) “Mitigation Amount” means for each dwelling uni t within the Project, the Amount per Square Foot multiplied by the Assessable Square Feet of the dwelling unit. (n) “Party” or “Parties” shall mean any one or all of the parties to this Agreement and the CFD.
(o) “Rate and Method” means the Rate and Method of Apportionment of the Special Tax authorizing the levy and collection of special taxes within the CFD pursuant to proceedings undertaken for the formation of the CFD pursuant to the Act. (p) “School Facilities” means those TK-12 school si tes, preschool facilities, school facilities, including cla ssrooms, on-site office space at a school, central support and administrative facilities, interim housing, fu rniture, equipment, te chnology, buses, and transportation facilities needed by School District in order to serve the student population to be generated as a result of development of th e property within the CF D, and also includes costs associated with the maintenance and operat ion of school facilities in accordance with the Act.
(q) “School Fee Fund” means the fund(s), account(s) or sub-account(s) of the CFD (regardless of its designation within the Bond Resolution) into which a portion of the Bond Proceeds may be deposited in accordance with the Bond Resolution to finance the School Facilities.
(r) “Statutory School Fees” means the then-current a pplicable fee levied on new residential development (known as “Level 1” Fees) pursuant to Education Code Section 17620 and Government Code Sections 65995 et se q. or as “alternative school fees” pursuant to Government Code Section 65995.5 (also known as “Level 2 Fees”). (s) “State” means the State of California.
(t) “Special Taxes” means the special taxes authorized to be levied and collected pursuant to the Rate and Method.
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ARTICLE II

FORMATION OF THE CFD AND ISSUANCE OF BONDS
Section 2.1. Formation of the CFD
The City, pursuant to the written request of the Developer, initiated proceedings pursuant to the Act for the formation of the CFD, the authorization of the Special Taxes within the CFD and the authorization of Bonds on behalf of the CFD, with the qualified electors approving the levy of the Special Taxes and the sale of the Bonds.

Section 2.2. Statutory School Fee Deposits
Subsequent to the execution of this Agreem ent and prior to School District’s receipt of Bond Proceeds, Developer may obtain Certificates of Compliance for dwelling units within the Project by posting Deposits equivalent to the Statutory School Fees due with respect to such dwelling units.

Deposits posted prior to the issuance of Bonds will be held unexpended by School District and then released to Developer upon the sale of Bonds to the extent the Mitigation Amounts for such dwelling units have been sa tisfied by the deposit of Bond Proceeds in the School Fee Fund. After the issuance of the last series of Bonds (other than Bonds issued for refunding purposes only), to the extent that all Bond Proceeds deposited into the School Fee Fund are not sufficient to satisfy the Mitigation Amounts for such dwelling units, the portion of the Deposits not satisfied with Bo nd Proceeds shall be retained and used by School District to construct School Facilities.

Section 2.3. Issuance and Sale of Bonds
The City Council of the City, acting as the legislative body of the CFD, may, in its sole discretion, in accordance with its adopted poli cies, adopt the Bond Resolution and issue the Bonds. Prior to the City Council of the City adopting the Bond Resolution, Developer shall notify School District, as soon as practicable, of: i) the estimated issuance date for the Bonds and ii) the estimated amount of proceeds to be deposited in the School Fee Fund. Such initial notification to District shall include a copy of the proposed financing schedule and, when available, information (including pricing information) relating to the sale of the Bonds.

Section 2.4. Bond Proceeds
In the event that the CFD is formed and Bonds are issued, the City, or the CFD (as may be applicable), and Developer shall determine the amount of Bond Proceeds to be deposited into the School Fee Fund or any ap plicable accounts or subaccounts thereof. The Parties hereby acknowledge and agree that, in the event Bonds are issued, Bond Proceeds, to the extent available after the funding of the City Facilities, will be utilized to fund School Facilities in an amount up to the Mitigation Amount for all dwelling units planned for the Project, and prior to and with priority over the funding of fees and facilities of any other public agency participating as a joint communi ty facilities agreement partner with the CFD.

As Bond Proceeds are deposited in the Sch ool Fee Fund, Developer shall receive an Assessable Square Feet credit calculated by di viding the amount deposited into the School Fee Fund by the Amount per Square Foot as of the date of issuance of the Bonds. The purpose of this Agreement is to provide a mechanism by which the CFD may levy Special Taxes and issue Bonds to provide a source of funds to finance School Facilities in lieu of the payment of Statutory School Fees. In the event that Bond Proceeds, in cluding investment earnings 956

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thereon, are not available or sufficient to satisfy the obligation, then Developer shall remain obligated to satisfy the Mitigation Amount due to School District.

Section 2.5. Assessable Square Feet Credit Account
(a) After being notified by Developer that Bond Proc eeds have been deposited into the School Fee Fund, School District will establish a credit account (“Credit Account”) in the amount of Assessable Square Feet for which the Mitigation Amount is deemed satisfied.

Such determination shall be made by dividing the amount deposited in the School Fee Fund by the Amount per Square Foot as of the date of issuance of the Bonds. (b) Once established, School District sha ll deduct from the Credit Account the Assessable Square Feet of dwel ling units for which Deposits had been made pursuant to Section 2.2 and return the corresponding Deposi ts to Developer. If such deduction would result in a negative balance within the Credit Account, School District shall retain a portion of the Deposits such that when added to the Bond Proceeds deposited in the School Fee Fund would result in a balance of zero (0) Assessable Square Feet within the Credit Account. Such retained Deposits may then be used by School District to fund School Facilities. (c) Developer may obtain Certificates of Compliance for dwelling units within the Project by requesting that School District deduct from the Credit Account the Assessable Square Feet of the dwelling unit for which the Certificate of Compliance is being sought. In the event that there is an insufficient balance in the Cr edit Account to cover a request for a Certificate of Compliance, Developer may only obtain a Certificate of Compliance by paying the remaining Mitigation Amount in cash.

Section 2.6. Disbursements for School Facilities
(a) From time to time following the fund ing of the School Fee Fund, School District may notify the City in writing and request a disbursement from the School Fee Fund to fund School Facilities by executing and submitting an executed Disbursement Request to the City. Upon receipt of such Disbursement Request comple ted in accordance with the terms of this Agreement, the CF D shall wire transfer or otherw ise pay to School District, or the designated payee as identified by the School District, such requested funds to the extent that Bond Proceeds are available in the School Fee Fund for such purpose. (b) School District agrees that prior to submitting a Disbursement Request requesting payment from the CFD, it shall review and approve all costs included in its request and will have already paid or incurred such costs of School Facilities from its own funds subsequent to the date of this Agreemen t or will disburse su ch amounts to pay the costs of School Facilities foll owing receipt of funds from the CFD. In the event that School District does not disburse any Bond Proceeds received by it to third parties within five banking days of receipt, it will trace and report to the CFD all earnings, if any, earned by School District, from the date of receipt of such Bond Proceeds by School District to the date of expenditure by School District for capital costs of the School Facilities. School District agrees that in processing the above disbursements it will comply with all legal requirements for the expenditure of Bond Proceeds under the Internal Revenue Code of 1986 and any amendments thereto.

Section 2.7. Responsibility for Mitigation Amounts
(a) The Parties hereto acknowledge and agree that the final responsibility for the payment of the Mitigation Amount for each dwelling unit within the Project lies with Developer.
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(b) If the amounts derived from Bond Proceed s for School Facilities deposited in the School Fee Fund, including investment earnings thereon, if any, are not sufficient to fund the total cost of the Mitigation Amounts, the Parties hereto agree that all responsibility and liability for the amount of such shortfall shall be and remain with Developer, and shall not lie with the CFD, School District, or the City.
(c) School District agrees to utilize or apply funds provided to it by the CFD, in accordance with the Act, the Local Agency Special Tax and Bond Accountability Act (described in Section 4.1 hereof), the requirements of federal tax law compliance with which is necessary in order for interest on the Bonds to be excluded from the gross income of the recipients for federal income tax purposes and other applicable law, and as set forth herein. (d) School District shall indemnify, defend, and hold harmless, the City and the CFD for any act or omission of the School Distri ct with respect to this Agreement; provided, however, that the School District shall not be required to indemnify any person or entity as to damages resulting from negligence or willful misconduct of such person or entity or their officers, agents or employees.

Section 2.8. Mitigation of Statutory School Fee Obligations of Project Developer and School District agree that payment of the Mitigation Amount to School District with respect to any dwelling unit with in the Project, whether with Bond Proceeds or otherwise, shall constitute full mitigation of the obligations due School District in connection with the issuance of a Certificate of Compliance with respect to such dwelling unit.

School District shall have no obligation, re sponsibility, or authority with respect to the issuance and sale of the Bonds, the Bond Proceeds available to finance the construction of School Facilities, the payment of the principal and interest on the Bonds, or for the levy of the Special Taxes to provide for the payment of principal and interest thereon. The City shall have the sole authority and responsibility for all such matters.

The Parties hereto specifically agree that, except as otherwise provided for in Section 2.4, the liabilities of the CFD, including liabilities, if any, of the CFD pursuant to the documents providing for the issuance of Bonds, including the Bond Resolution, shall not be or become liabilities of School District.

Section 2.9. Waiver of State and Local Funding Credits and Right to Protest
In consideration of School District’s agreement with respect to the Project to accept the Mitigation Amounts as full mitigation of the impact of the students generated by the Project upon the School Facilities, and provid ed School District does not breach such agreement, Developer agrees to waive all past, present and future credit against, or fair share reduction in, Mitigation Amounts based upon State matching funding provided to School District or the proceeds from a District-wid e special tax or general obligation bond authorization, or School Fac ilities Improvement Di strict (“SFID”) bond authorization for school facilities. In a ddition, Developer knowin gly waives its right of protest as may be afforded by Government Code Section 66020 or any other provision of law, so long as School District is not in breach of this Agreement.
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Section 2.10. Developer Advance
Within ten (10) business days of execution of this Agreement by School District, if not previously provided, Developer agrees to deposit with School Di strict the amount of Fifteen Thousand Dollars ($15,000) to be used to advance fund School District’s costs in entering into and administerin g the terms of this Agreement. Such advance by Developer may be reimbursed from the proceeds of the sa le of the Bonds, but under no circumstances shall School District or the City be obligated to pay Developer from any other source of funds.

Should this Agreement not be approved for any reason, any remaining balance of the amounts advanced by Developer pursuant to th is Section shall be refunded to Developer upon written notice to School District from Ci ty or Developer that that this Agreement will not be approved and after application of such advance to the payment of District’s costs incident to entry into this Agreement, including without limitation, legal fees associated with the negotiation hereof.

Section 2.11. Administration of the CFD
The City shall have the power and duty to provide for the administration of the CFD, subject to the terms hereof and the Bond Resolution, including employing and compensating all consultants and providing for the various other administration duties set forth in this Agreement. It is understood and agreed by Part ies hereto that School District was not or will not be considered a participant in the pr oceedings relative to formation of the CFD or the issuance of the Bonds, other than as a Party to this Agreement.

ARTICLE III

TERM AND TERMINATION
Section 3.1. Effective Date
This Agreement shall become effective and of full force and effect as of the date (“Effective Date”) it is approved and executed by the last of the Gove rning Board of School District, Developer and the City Council of the City, to be confirmed by the execution hereof by the authorized representatives of the Parties hereto.

Section 3.2. Termination
If the CFD is unable to complete the sale of the Bonds prior to January 1, 2040, any obligation of the Parties, if any, to finance al l or any portion of the Mitigation Amounts with CFD bond proceeds pursuant to this Agreement shall automatically terminate and be of no further force or effect. In such event, School Di strict shall retain all Deposits related to the dwelling units within the Project for which Certificates of Compliance were issued based upon the posting of such Deposits; th ereafter, in order to obtain an additional Certificate of Compliance for a unit within the Project, Develope r shall be required to pay School District the Mitigation Amount for such unit.

ARTICLE IV

ARTICLE IV ADDITIONAL GENERAL PROVISIONS
Section 4.1. Recordkeeping; Inspection of Records
School District hereby agrees to keep an d maintain full and accurate records of all amounts, if any, paid to School District fo r Deposits, Mitigation Amounts and investment earnings thereon and the City or CFD, or the Fiscal Agent on th eir behalf, hereby agrees to 959

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keep and maintain full and accurate records of all amounts, and investment earnings, if any, disbursed to School District fr om the School Fee Fund. Each Party further agrees to make such records available to any other Party he reto, including Developer, during normal business hours upon reasonable prior notice. Al l such records shall be kept and maintained by the appropriate Party as provided by applic able law and their respective policies. School District and Developer agree that they will cooperate with the CFD and the City in providing documentation, reports or other data reasonably required and requested by the City or the CFD in meeting the reporting requirements of the CFD under Sections 50075.1, 50075.3, and 50075.5 and Article 1.5 (commencing with Section 53410) of Chapter 3 of Part 1 of Division 2 of Title 5 of, the Government Code (collect ively, the “Local Agency Special Tax and Bond Accountability Act”). School District’s reporting obligations pursuant to this Section shall be limited to providing reports or other data de tailing the following: (A) the amount of CFD funds received by School District to fund School Facilities, (B) the amount of such CFD funds deposited in separate funds or accounts of School District re flecting Deposits, Mitigation Amounts and the number of dwelling units for which such amounts apply, and (C) School Facilities that have been acquired or constructed, in whole or in part, with CFD funds.

School District’s reporting obligation shall terminate when all CFD funds have been disbursed from the School Fee Fund, or from any account or subaccount thereof that has been allocated Bond Proceeds to finance Mitigation Amounts, and School District has provided to the City a report for the last disbursement received by School District. If no CFD funds have been received by School District or used to finance School Facilities since the previous report, no report shall be required to be deliv ered by School District and the City may rely upon the previous reports so delivered.

Section 4.2. Partial Invalidity
If any part of this Agreement is held to be illegal or unenforceable by a court of competent jurisdiction, the remain der of this Agreement shall be given effect to the fullest extent reasonably possible.

Section 4.3. Successors and Assigns
Developer may assign its righ ts pursuant to this Agreement to a purchaser of the Property, or any portion thereo f, and such purchaser, assi gnee and property owner shall assume the obligations of Developer pursuant to this Agreement and to be bound thereby.

This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Parties hereto.

Section 4.4. Notice
Any notice, payment or instrument required or permitted by this Agreement to be given or delivered to any Party or other person shall be deemed to have been received when personally delivered or upon deposit of the same in the United States Post Office registered or certified, postage prepaid, addressed as follows:

City: City of Murrieta
1 Town Square
Murrieta, CA 92562
Attention: Director of Finance

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With a copy to: Stradlin g Yocca Carlson & Rauth
660 Newport Center Drive, Suite 1600
Newport Beach, CA 92660
Attention: Brian Forbath

School District: Murrieta Valle y Unified School District 41870 McAlby Court
Murrieta CA 92562
Attention: Deputy Superintendent, Business and Operations

With a copy to: Dannis Woliver Kelley
750 B Street, Suite 2600
San Diego, CA 92101
Attention: Meredi th Johnson, Esq.

Developer: Century Communities of California, LLC
4695 MacArthur Court, Suite 300
Newport Beach, CA 92660
Attention: Justin Brewer , Executive Vice President

With a copy to: O’Neil LLP
19800 MacArthur Blvd., Suite 650
Irvine, CA 92612
Attention: John P. Yeager, Esq.

Each Party can change its address for delivery of notice by delivering written notice of such change or address to the other Parties within ten (10) calendar days prior to such change.

Section 4.5. Captions
The captions to Sections used herein are for convenience purposes only and are not part of this Agreement.

Section 4.6. Governing Law
This Agreement shall be governed by, and construed in accordance with, the laws of the State of California applicable to contracts made and performed in said State.

Section 4.7. Entire Agreement
This Agreement contains the entire agreem ent between the Parties with respect to the matters provided for herein and supersed es all prior agreements and negotiations between the Parties with respect to the subject matter of this Agreement.

Section 4.8. Amendments
This Agreement may be amended or modifi ed only in writin g executed by the authorized representative(s) of each of the Parties hereto. 961

#226842 v3 9218.14 P age 10 of 10

JOINT COMMUNITY FACILITIES AND

SCHOOL FACILITIES MITIGATION AGREEMENT
Section 4.9. Section 4.9 Waiver
The failure of any Party hereto to insist on compliance within any of the terms, covenants or conditions of this Agreement by any other Party hereto, shall not be deemed a waiver of such terms, covenants or conditions of this Agreement by such other Party, nor shall any waiver constitute a relinquishment of any other right or power for all or any other times.

Section 4.10. Cooperation and Execution of Documents
The Parties hereto agree to complete and execute any further or additional documents which may be necessary to complete or further the terms of this Agreement.

Section 4.11. Attorneys’ Fees
In the event of the bringing of any action or suit by any Party against any other Party arising out of this Agreement, the Party in whose favor final judgment shall be entered shall be entitled to recover from the losing Party all costs and expenses of suit, including reasonable attorneys’ fees.

Section 4.12. Section 4.12 Exhibits
The following exhibits attached hereto ar e incorporated into this Agreement by reference.

Exhibit Description
“A” Property Depiction
“B” Disbursement Request Form

Section 4.13. Signatories
The signatories hereto represent that they have been appropriately authorized to enter into this Agreement on behalf of the Party for whom they sign.

Section 4.14. Execution in Counterparts
This Agreement may be executed in counterparts, each of which shall be deemed an original.

[Signatures on following page]

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#226842 v3 9218.14 P age 11 of 10

JOINT COMMUNITY FACILITIES AND

SCHOOL FACILITIES MITIGATION AGREEMENT
IN WITNESS WHEREOF, the Parties hereto have executed this Joint Community Facilities and School Facilities Mitigation Agreement as of the day and year written above.

MURRIETA VALLEY UNIFIED SCHOOL

DISTRICT

By:

Dr. Ward Andrus, Superintendent
ATTEST:

By:

Christine Schmidt, Clerk of the Board of Education
of the Murrieta Valley Unified School District

Developer:

CENTURY COMMUNITIES OF CALIFORNIA, LLC,
a Delaware limited liability company

By:

Name:

Its:

CITY OF MURRIETA

By:

Justin Clifton, City Manager

ATTEST:

By
Cristal McDonald, City Clerk

963

#226842 v3 9218.14 Exhibit “A”
EXHIBIT “A”

PROPERTY DEPICTION

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#226842 v3 9218.14 Exhibit “B”
EXHIBIT “B”

DISBURSEMENT REQUEST FORM

1. Community Facilities Di strict No. 2026-1 (Gierson Ranch) of the City of Murrieta (“CFD No. 2026-1”) is hereby requested to pay from the School Fee Fund, or any applicable account or subaccount thereof, established by CFD No. 2026-1 in connection with its Special Tax Bonds (the “Bonds”) to Murrieta Valley Unified School District (“MVUSD”), as payee, the sum set forth below:
$ (the “Requested Amount”)

2. The Requested Amount is due and paya ble, has not formed the basis of any prior request or disbursement and is being made with respect to the obligation of the Property to pay Mitigation Amounts to __________ (“Payee”) as detailed below:

Payment Instructions:

3. The Requested Amount is authorized and payable pursuant to the terms of that certain Joint Community Facilities and Sch ool Facilities Mitigation Agreement, dated as of __________, 2026, by and among Murrieta Va lley Unified School District, Century Communities of California, LLC, a Delaware limited liability company, and the City of Murrieta (the “JCFA”). By requisitioning Bond proceeds as described above, MVUSD is not passing upon, determining or assuming the tax-exempt st atus of the Bonds for federal or California income tax purposes.

4. Capitalized undefined terms used herein shall have the meanings ascribed to them in the JCFA.

Date: Murrieta Valley Unified School District

By:

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JOINT COMMUNITY FACILITIES AGREEMENT

THIS JOINT COMMUNITY FACILITIES AGREEMENT (the “Agreement”) is entered into effective as of the 1 st day of June, 2026, by and amo ng THE CITY OF MURRIETA, a general law city organized and existing under the laws and Constitution of the State of California (“City”), the WESTERN MUNICIPAL WATER DIST RICT, a public agency organized and existing pursuant to Division 20 of the California Water Code (“ WMWD”), and CENTURY COMMUNITIES OF CALIFORNIA, LLC, a Delaware limited liability company (“Developer”). This Agreement is being made in connection with and for the purpose of financing certain public facili ties to be owned, operated or maintained by WMWD from proceeds of bonds issued by Community Facilitie s District No. 2026-1 (Gierson Ranch) of the City (the “CFD”). Capitalized terms used in the Agreement that are not defined in this preamble or in the Recitals shall have the meanings given such terms in Section 2 of this Agreement.

R E C I T A L S:

A. The property depicted in Exhibit “A” he reto, which is located in the City of Murrieta, State of California, constitutes th e land within the boundaries of the CFD (the “Property”). The Property is described in Exhibit “B” hereto.

B. Developer intends to develop the Prope rty into approximately 107 dwelling units pursuant to Tract Map 39271 (“Project”).

C. The City is forming, or has formed, th e CFD for the purpose of financing, among other things, certain facilities to be owned, operated or mainta ined by the City as well as facilities to be owned a nd operated by WMWD (the “ WMWD Facilities”) in satisfaction of the payment of WMWD Fees (defined herein).

D. In conjunction with the i ssuance of building permits for the construction of homes on the Property and/or receipt of water meters for such homes, the Developer has elected to advance WMWD Facilities costs in satisfaction of payment of WMWD Fees (the “ Advances”) before CFD Proceeds are available in sufficient amounts to pay for WMWD Facilities. In such case, the Developer (i) shall be entitled to re imbursement of such Advances solely from CFD Proceeds allocated to WMWD by the City and (ii) shall be deemed to have satisfied WMWD Fees in the amount of such Advances which would otherwise be due to WMWD for WMWD Facilities, all as further described herein.

E. The City will have sole discretion and responsibility for the administration of the CFD.

F. The City is authorized by Section 53313.5 of the Act to assist in the financing of the acquisition and/or construction of the WMWD F acilities. This Agreement constitutes a joint community facilities agreement, within the meaning of Sec tion 53316.2 of the Act, by and among WMWD, the City (on behalf of itself and th e CFD) and the Developer, pursuant to which the CFD will be authorized to finance the acquis ition and/or construction of all or a portion of 966
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the WMWD Facilities. As authorized by S ection 53316.6 of the Act, responsibility for constructing, providing for and operating the WMWD Facilities is delegated to WMWD.

G. The Parties hereto find and determine that the residents residing within the boundaries of WMWD, the City and the CFD w ill be benefited by the construction and/or acquisition of the WMWD Facilities and that this Agreement is beneficial to the interests of such residents.

AGREEMENT
NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, the Parties hereto agree as follows:

1. Recitals. Each of the above recitals is incorporated herein and is true and correct.

2. Definitions. Unless the context clearly ot herwise requires, the terms defined in this Section shall, for all purposes of this Agreement, have the meanings herein specified. a. “Act” means the Mello-Roos Community Facilities Act of 1982, Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the California Government Code.
b. “Advances” means an amount paid by Developer for WMWD Facilities in satisfaction of payment of WMWD Fees prior to the availability of sufficient CFD Proceeds. c. “Agreement” means this Joint Community Facilities Agreement, dated as of June 1, 2026, by and among WMWD, the City (for itself and on behalf of the CFD), and the Developer.
d. “Bond Proceeds” shall mean those net funds generated by the sale of the Bonds and investment earnings thereon.
e. “Bond Resolution” means that Resolution, Resolution Supplement, Fiscal Agent Agreement, Indenture of Trust or other e quivalent document(s) providing for the issuance of the Bonds.
f. “Bonds” shall mean those bonds, or other securities, issued by, or on behalf of the CFD in one or more series, as authorized by the qualified electors within the CFD. g. “CFD” means Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta.
h. “CFD Proceeds ” shall mean one or more of the following sources of funds: (i) Bond Proceeds; (ii) any prepayments of sp ecial taxes in the CFD that are to be applied to authorized facilities of the CFD, includi ng WMWD Facilities, pursuant to the Rate and Method; and (iii) the proceeds of special taxes levied to pay directly for WMWD Facilities. 967
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i. “Developer” means Century Communities of California, LLC, a Delaware limited liability company, and its successors and assigns. j. “Disbursement Request ” means a request for payment relating to WMWD Facilities in the form attached hereto as Exhibit “D.” k. “Other Facilities Accounts of the Improvement Fund ” means the funds, accounts or sub-accounts of the CFD (regardless of their designation within the Bond Resolution or otherwise) into which the CFD Pr oceeds may be deposited in accordance with the Bond Resolution to finance WMWD Facilities.
l. “Party” or “ Parties” shall mean anyone or all of the parties to this Agreement.
m. “Project” means the development by the Developer of approximately 107 residential units on the Property.
n. “Property” means the property that is contem plated to be in the CFD, as depicted in Exhibit “A” attached hereto and described in Exhibit “B” attached hereto. o. “Rate and Method” means the Rate and Method of Apportionment of the Special Tax for the CFD.
p. “Special Taxes ” means the special taxes aut horized to be levied and collected within the CFD pursuant to the Rate and Method. q. “State” means the State of California.
r. “WMWD” means the Western Municipal Water District, a public agency organized and existing pursuant to Division 20 of the California Water Code. s. “WMWD Facilities ” means those water and sewer facilities which are eligible to be funded with WMWD Fees.
t. “WMWD Fees ” means water capacity charge, meter fees, and sewer capacity fees and all components thereof imposed by WMWD upon the Property. u. “WMWD Representative ” means the WMWD General Manager or his designee.

3. Formation of the CFD. The City has form ed, or is in the processing of forming, the CFD to finance the WMWD Faci lities and other facilities. Th e Developer has requested that the City and WMWD enter into this Agreement in order to finance costs related to the WMWD Facilities.
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4. Use of CFD Proceeds. The City and the Developer shall, from time to time as CFD Proceeds become available, determine the amount of CFD Proceeds to be deposited in the Other Facilities Accounts of the Improvement Fund and each subaccount thereof.

5. Disbursements for WMWD Facilities.
a. Upon the funding of the Other Facil ities Accounts of the Improvement Fund, the City shall notify WMWD of the amount of CFD Proceeds to be reserved to fund WMWD Facilities and WMWD may execute and submit a Disbursement Request for payment to the City requesting disbursement of such amount from the Other Facili ties Accounts of the Improvement Fund to the extent such funds are av ailable in the Other Faci lities Accounts of the Improvement Fund. Upon WMWD's receipt of f unds pursuant to such Disbursement Request, Developer shall receive reimbursement of the Advances from WMWD to the extent of the amount of CFD Proceeds received for WMWD Facilities. Upon such notice and WMWD's receipt of such disbursement relating to WMWD Facilities, Developer shal l be deemed to have satisfied the applicable WMWD Fees with respect to the number of dwelling units or lots for which the WMWD Fees would otherwise have b een required in an amount equal to such disbursement.
b. From time to time following the funding of the Other Facilities Accounts of the Improvement Fund from additional CFD Proceeds, the Developer may notify WMWD in writing and WMWD may request a further disbursement from th e Other Facilities Accounts of the Improvement Fund to fund WMWD Faciliti es by submitting an executed Disbursement Request to the CFD. Upon receipt of such Disb ursement Request completed in accordance with the terms of this Agreement, the CFD shall wi re transfer or otherw ise pay to WMWD such requested funds to the extent that CFD Proceeds are available in the Other Facilities Accounts of the Improvement Fund for such purpose. Upon such notice and WMWD's receipt of such disbursement relating to WMWD Facilities, Developer shall be deemed to have satisfied the applicable WMWD Fees with respect to the nu mber of dwelling units or lots for which the WMWD Fees would otherwise have been required in an amount equal to such disbursement. c. WMWD agrees that prior to submitting a Disbursement Request requesting payment from the CFD it shall review and approve all costs included in its request and will have already paid or incurred such co sts of WMWD Facilities from its own funds subsequent to the date of this Agreement, or will disburse su ch amounts to pay the costs of WMWD Facilities following receipt of funds from the CFD. In the event that WMWD does not disburse any CFD Proceeds received by it to third pa rties within five banking days of receipt, it will trace and report to the CFD all earnings, if any, earned by WMWD, from the date of receipt of such CFD Proceeds by WMWD to the date of expenditure by WMWD for capital costs of the WMWD Facilities. Such report shall be delivere d at least semiannually until all CFD Proceeds are expended by WMWD. WMWD agr ees that in processing the above disbursements it will comply with all legal requirements for the ex penditure of CFD Proceeds under the Internal Revenue Code of 1986 and any amendments thereto.
d. WMWD agrees to maintain adequate internal controls over its payment function and to maintain accounting records in accordance with generally accepted accounting procedures. WMWD will, upon request, provide the City and/or Developer with access to WMWD's records related to the WMWD Faciliti es and will provide to the City its annual 969
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financial report certified by an independent certified public acc ountant for purposes of assisting the City in calculating the arbitrage rebate obligation of the CFD, if any. e. The City or the CFD agrees to main tain full and accurate records of all amounts, and investment earnings, if any, expende d from the Other Facilities Accounts of the Improvement Fund. The City or the CFD will, upon request, provide WMWD and/or Developer with access to the City’s or the CFD's records related to the Other Facilities Accounts of the Improvement Fund.
f. Nothing herein shall supersede the oblig ation of an owner of the Property to make an Advance or pay WMWD Fees to WM WD when due. The purpose of this Agreement is to provide a mechanism by which the CFD may issue the Bonds to provi de a source of funds to finance WMWD Facilities in satisfaction of the payment of WMWD Fees. In the event that CFD Proceeds, including investment earnings ther eon, are not available or sufficient to satisfy the obligation, then the Developer shall remain obligated to make an Advance or pay WMWD Fees to WMWD as a condition of receiving water service to the Property.

6. Ownership of WMWD Facilities. At all times, the WMWD Facilities shall be and remain the property of WMWD.

7. Tax Matters. WMWD shall not use B ond Proceeds in any manner that would cause interest on the Bonds to become includab le in gross income for federal income tax purposes. WMWD represents the following with respect to the use of the Bond Proceeds:
a. Private Use. The Bond Proceeds will not be used for any activities that constitute a “Private Use,” meaning any activity that constitutes a trade or business that is carried on by persons or entities, other than governme ntal entities. The l easing of the facilities ꞏ or the access of a person or entity other than a government al unit to property or services on a basis other than as a member of the general public (“ General Public Use ”) shall constitute a Private Use unless WMWD obtains an opinion of bond counsel to the contrary. Use of the Bond Proceeds in a trade or business constitutes General Public Use only if the property is intended to be available and is in fact r easonably available for use on the sa me basis by natural persons not engaged in a trade or business.
b. Management and Service Contracts. The WMWD facilities financed with the Bond Proceeds shall not be subject to management contracts or other arrangements with private parties except in compliance with Internal Revenue Service Revenue Procedure 97-13. c. Expenditure of Bond Proceeds. WMWD reasonably expects to expend the Bond Proceeds on WMWD Facilities within three (3) years from the date of issuance of the Bonds. WMWD agrees that all Bond Proceeds will be expended on capital improvements or used to reimburse prior capital improvement expend itures. To the extent that Bond Proceeds are used to reimburse the Developer or other property owners for f ees previously paid to WMWD, those prepaid impact fees will be deemed to be replaced with Bond Proceeds, and the expenditure of those prepaid impact fees must comply with all of the requirements for the expenditure of Bond Proceeds under applicable law.
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d. WMWD further agrees to maintain a separate accounting for the receipt and expenditure of Bond Proceeds, and to mainta in adequate controls over all Bond Proceeds received by it in accordance with generally acce pted accounting principles. WMWD will, upon request, provide the City with access to WMWD’s records related to the Bond Proceeds received by WMWD and WMWD Facilities financed with Bond Proceeds. If Bond proceeds remain unspent five years after their deposit into the Other Facilitie s Accounts of the Improvement Fund, City shall provide notice to WMWD requiring either the expe nditure or return of said proceeds to the City within a reasonable period of time thereafter.

8. Expectations of the Parties. The Partie s understand and agree that (i) Developer will be making Advances prior to the availability of CFD Proceeds that will be used to pay for WMWD Facilities, (ii) WMWD may be processing and completing payment requests for the payment on such Advances for WMWD Facilities w ith knowledge that there may be insufficient CFD Proceeds available at such time, and (iii) in any such case, the payment of any approved payment requests for such Advances on any WM WD Facilities will be deferred until there are sufficient CFD Proceeds available to pay the A dvances for such WMWD Facilities, at which time the CFD will make such payments in accord ance with this Agreement. At all times, Developer will be making Advances with the expect ation that such Advances will be returned when there are sufficient CFD Proceeds to fi nance WMWD Facilities. The payment of Advances prior to the availability of CFD Proceeds shall not be c onstrued as a dedication or gift of the Advances, or a waiver of the return of the Advances, it being the intention that the WMWD Facilities be paid by the CFD Proceeds to the extent of the availability of CFD Proceeds.

9. Amendment and Assignment. This Agreement may be amended at any time but only in writing signed by each Party hereto. This Agreement may be assigned, in whole or in part, by the Developer to the pu rchaser of any parcel of la nd within the Property, provided, however, such assignment shall not be effective unless and until WMWD and the City have been notified, in writing, of such assignment. Once th e Agreement is assigned to another party, the assignee shall be considered a party hereto, and the assignor shall be re leased of any and all obligations under this Agreemen t. Whenever this Agreement provides the Developer with a right, that right may be exercised by an assignee of that right to the same extent that the Developer could have exercised that right themselves under this Agreement.

10. Entire Agreement. This Agreement contai ns the entire agr eement between the Parties with respect to the matters provided for herein and supersedes all prior agreements and negotiations between the Parties with respect to the subject matter of this Agreement.

11. Notices. Any notice, payment or instrument required or permitted by this Agreement to be given or delivered to either Party shall be deemed to have received when personally delivered or seventy-two hours followi ng deposit of the same in any United States Post Office in California, registered or certified, postage prepaid, addressed as follows:

City: City of Murrieta
1 Town Square
Murrieta, California 92562
Attention: Director of Finance

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With a copy to: Stradling Yocca Carlson & Rauth
660 Newport Center Drive, Suite 1600
Newport Beach, California 92660
Attention: Brian Forbath

WMWD: Western Municipal Water District
14205 Meridian Parkway
Riverside, California 92518
Attention: General Manager

Developer: Century Communities of California, LLC
4695 MacArthur Court, Suite 300
Newport Beach, California 92660
Attention: Justin Brewer, Executive Vice President

With a copy to: O’Neil LLP
19800 MacArthur Boulevard, Suite 650
Irvine, California 92612
Attention: John Yeager

Each Party may change its address for delivery of notice by delivering written notice of such change of address to the other Party hereto.

12. Exhibits. All exhibits attached hereto are incorporated into this Agreement by reference.

13. Attorney’s Fees. In the event of the bringing of any action or suit by any Party against any other Party arising out of this Agr eement, the Party in whose favor final judgment shall be entered shall be entitled to recover from the losing Party all costs and expenses of suit, including reasonable attorneys’ fees.

14. Severability. If any part of this Agreemen t is held to be illegal or unenforceable by court of competent jurisdiction, the remainder of this Agreement shall be given effect to the fullest extent reasonably possible.

15. Governing Law. This Agreement and a ny dispute arising hereunder shall be governed by interpreted in accordance with the la ws of the State of Ca lifornia. Any and all actions and other proceedings aris ing from this Agreement must be initiated and concluded in Riverside County, California.

16. Waiver. Failure by a Party to insist upon the strict performance of any of the provisions of this Agreement by the other Party here to, or the failure by a Party to exercise its rights upon the default of another Party, shall not constitute a waiv er of such Party's right to insist and demand strict compliance by such other Party with the terms of this Agreement thereafter.
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17. No Third Party Beneficiaries. No person or entity other than the CFD, when and if formed, shall be deemed to be a third party be neficiary hereof, and nothing in this Agreement (either express or implied) is intended to c onfer upon any person or en tity, other than WMWD, the City, the CFD, and Developer (and their respective successors and assigns, exclusive of individual homebuyers), any rights, remedies, oblig ations or liabilities under or by reason of this Agreement.

18. Singular and Plural; Gender. As used herein, the singular of any word includes the plural, and terms in the masculine gender shall include the feminine.

19. Counterparts. This Agreement may be ex ecuted in counterparts, each of which shall be deemed an original, but all of which shall constitute but one instrument.

[Signature Page Follows]
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IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and year written above.

CITY OF MURRIETA
By:

Justin Clifton, City Manager
ATTEST:

By: _____________________________
Cristal McDonald, City Clerk

WESTERN MUNICIPAL WATER DISTRICT

Craig D. Miller, General Manager
ATTEST:

By: _____________________________
[ ]

DEVELOPER:

CENTURY COMMUNITIES OF CALIFORNIA, LLC ,
a Delaware limited liability company

By:

Name:

Title:

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EXHIBIT A

DEPICTION OF PROPERTY

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EXHIBIT B

DESCRIPTION OF PROPERTY

THE LAND REFERRED TO HEREIN BELO W IS SITUATED IN THE CITY OF

MURRIETA, COUNTY OF RIVERSIDE, STA TE OF CALIFORNIA, AND CONSISTS OF ASSESSOR’S PARCEL NO. 909-190-001.

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EXHIBIT C

WMWD FACILITIES DESCRIPTION

WMWD Facilities. The type of WMWD Facilities eligible to be financed by the CFD under the Act are as follows:

Those water facilities included in WMWD’s water capacity and connection fee programs used to finance expansion projects, including annexation fees. WMWD Facilities include, but are not limited to the following: water transm ission pipelines, pumping plants, water reservoirs, including all costs of site acqui sition, planning, design, engin eering, legal services, materials testing, coordination, surveying, construction st aking, construction, inspection and any and all appurtenant facilities and appurtenant work relating to the foregoing. Below is the exclusive list of the WMWD Fees payable by the Developer to be financed by the CFD.

Fee Description  Rate*
Water Capacity Charge – Residential 4” Meter  $ 323,210  Per Meter Water Meter Fee – Residential 4” Meter  $  4,506  Per Meter Water Capacity Charge – Irrigation  2” Meter  $  82,034  Per Meter Water Meter Fee –  Irrigation 2” Meter  $  1,069  Per Meter Sewer Capacity Charge  $  8,080  Per EDU
*Fee amounts above are as of May 1st, 2026.

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EXHIBIT D

DISBURSEMENT REQUEST FORM
(WMWD Facilities)

1. Community Facilities District No. 2026-1 (Gierson Ranch) of the City of Murrieta (“CFD”) is hereby requested to pay from the CFD Proceeds to Western Municipal Water District (“WMWD”), as Payee, the sum set forth in 3 below.

2. The undersigned certifies that the amount requested for WMWD Facilities has not formed the basis of prior request or payment, and is being made with respect to the connection of the property described below to the WMWD system.

Amount requested:

For WMWD Facilities: $ ___________________
For Tract/Lot Nos: ___________________________

3. The amount set forth in 3 above is authorized and payable pursuant to the terms of the Joint Community Faci lities Agreement by and among the City of Murrieta (for itself and on behalf of the CFD), WMWD, and Century Communities of Calif ornia, LLC, dated ___________, 2026 (the “ Agreement”). Capitalized terms not defi ned herein shall have the meaning set forth in the Agreement. By requ isitioning CFD Proceeds as described above, WMWD is not passing upon, determining or assumi ng the tax-exempt status of the Bonds for federal or California income tax purposes.

CENTURY COMMUNITIES OF CALIFORNIA,
LLC, a Delaware limited liability company

B y :

N a m e :

Title:

D a t e :

WESTERN MUNICIPAL WATER DISTRICT
B y :

N a m e :

Title:

D a t e :

978

4909-0190-3513/022972-0051

WAIVER OF CERTAIN ELECTION PROCEDURES

WITH RESPECT TO LANDOWNER ELECTION FOR
COMMUNITY FACILITIES DISTRICT NO. 2025-2 (MAINTENANCE SERVICES)

OF THE CITY OF MURRIETA
(ANNEXATION NO. 3— GIERSON RANCH)
The undersigned, Justin Brewer, acting on behalf of Century Communities of California, LLC, a Delaware limited liability company (the “Owner”), hereby certifies to the City of Murrieta (the “City”), with respect to the proposed annexation o f territory Community Facilities District No. 2025-2 (Maintenance Services) of the City of Murrieta (the “District”), as follows:

1. The undersigned has been duly authorized by the Owner and possesses all authority necessary to execute this Waiver on behalf of the Owner in connection with the election to be called by the City Council of the City with respect to the District. The Owner hereby appoints Justin Brewer to act as its authorized representative to vote in the election referred to herein and certifies that his true and exact signature is set forth below:

Signature of Justin Brewer: __________________________________

2. The Owne r is the present owner of 15.98 acres of land as described in Attachment “A” hereto (the “Annexation Territory”) . There are no registered voters residing within the Annexation Territory owned by the Owner and have been none during the 90 -day period preceding June 2, 2026.

3. The Owner has received notice of the June 2, 2026 public hearing to be held by the City Council of the City regarding the approval of (i) annexation of the Annexation Territory to the District and (ii) the levy of sp ecial taxes within the Annexation Territory in accordance with the rate and method for the District . The Owner agrees that it received adequate notice of the June 2, 2026 hearing.

4. The Owner has received from the City and the City has made available to the Owner necessary and relevant information regarding the proposed annexation and levy of the special tax, as set forth in Resolution No. 26-4917 adopted by the City Council on March 17, 2026 (the “Resolution”).

5. The undersigned understands that if the proceedings for the annexation of the Annexation Territory to the District are undertaken on or after June 2, 2026 , an election will be held by the District on the propositions set forth in the sample ball ot attached hereto as Attachment “B” less than 90 days after the close of the June 2, 2026 public hearing as in accordance with Section 53339.7 of the Government Code, without the preparation of an impartial analysis, arguments or rebuttals concerning the election as provided for by Elections Code Sections 9160 to 9167, incl usive, and 9190 and without preparation of a tax rate statement as provided in Section 9401 of the Elections Code and without further notice of such election as required pursuant to the Elections Code or the Government Code. Having been fully advised with respect to the election, in accordance with the authority contained in Government Code Section 53339.7, the Owner waives compliance with the foregoing provisions of the Elections Code and Government Code, with any time limits or other procedural requireme nts pertaining to 979

2 4909-0190-3513/022972-0051
the conduct of the election which are not being complied with and consents to having the election on any date on or after the close of the June 2, 2026 public hearing and consents to the closing of the election as soon as all ballots are received by the City Clerk.

6. The undersigned hereby represents that compliance with the procedural requirements for conducting the election, including the receipt of any ballot arguments and impartial analysis and the time limitations which apply in conn ection with scheduling, mailing and publishing notices for such an election, are unnecessary in light of the fact that the undersigned has received sufficient information r egarding the annexation of the Annexation Territory to the District and imposition of the special tax as set forth in the Resolution to allow it to properly complete the attached ballot. The Owner further waives its right to make any protest or complaint or undertake any legal action challengi ng the validity of the election or the levy o f the special tax to finance services for the benefit of the Annexation Territory in accordance with the rate and method of apportionment of special tax for the District.

Dated: May __, 2026

CENTURY COMMUNITIES OF

CALIFORNIA, LLC,
a Delaware limited liability company

By:___________________________
___________________________
___________________________

980

A-1
4909-0190-3513/022972-0051
ATTACHMENT “A”

DESCRIPTION OF PROPERTY

981

B-1
4909-0190-3513/022972-0051
ATTACHMENT “B”

SAMPLE BALLOT
COMMUNITY FACILITIES DISTRICT NO. 2025-2 (MAINTENANCE SERVICES)

OF THE CITY OF MURRIETA

ANNEXATION AND SPECIAL TAX ELECTION
June 2, 2026
You are entitled to cast 16 votes.

To vote, stamp a cross (+) in the voting square after the word “YES” or after the word “NO”. All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void.

If you wrongly mark, tear, or deface this ballot, return it to the City Clerk and obtain another.

PROPOSITION A: Shall the territory described in Attachment “A” of Resolution No. 26-4917 of the City Council of the City of Murrieta be annexed to Community Facilities District No. 2025 -2 of the City of Murrieta (Maintenance Services)?

YES______
NO_______

PROPOSITION B: Shall a special tax with a rate and method of apportionment as provided in Attachment “B” to Resolution No. 26-4917 of the City Council of the City of Murrieta be levied on property described in Attachment “A” of Resolution No. 26-4917 to pay for the Services and other purposes described in Resolution No. 26-4917?

YES______
NO_______

982

RESOLUTION NO. 26-4942

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA

ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES
DISTRICT NO. 2025 -2 OF THE CITY OF MURRIETA (MAINTENANCE

SERVICES), ANNEXING TERRITORY TO COMMUNITY FACILITIES
DISTRICT NO. 2025 -2 OF THE CITY OF MURRIETA (MAINTENANCE SERVICES), AND CALLING ELECTIONS THEREIN (ANNEXATION NO. 3—GIERSON RANCH)
WHEREAS, on February 4, 2025, the City Council (the “City Council”) of the City of Murrieta adopted Resolution No. 25 -4806 (the “Resolution of Intention”), declaring its intention to establish Community Facilities District No. 2025 -2 of the City of Murrieta (Maintenance Services) (“Community Facilities District N o. 2025 -2” or the “District”) and a Potential Annexation Area therein (the “Potential Annexation Area”) pursuant to the Mello -Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”); and WHEREAS, after a duly noticed public hearing, the City Council adopted Resolution No. 25-4822 (the “Resolution of Formation”) establishing Community Facilities District No. 2025-2 and the Potential Annexation Area and calling a special election therein to authorize (i) the levy of special taxes pursuant to the rate and method of apportionment of the special tax, as set forth in Attachment “A” attached to the Resolution of Formation (the “Original Rate and Method”), and (ii) the establishment of an appropriations limit for Community Facilities District No. 2025-2; and
WHEREAS, pursuant to a petition signed by Century Communities of California, LLC, a Delaware limited liability company (the “Owner”), on March 17, 2026, the City Council adopted Resolution No. 26-4917 (the “Resolution of Intention”), stating its intention to annex the territory described in Attachment “A” to the Resolution of Intention (the “Annexation Territory”) to the District; and
WHEREAS, due to certain complexities of the proposed annexation of the Annexation Territory to the District, on April 21, 2026, the public hearing called for such date relative to the proposed annexation of the Annexation Territory to the District and the levy of special taxes therein was opened and continued to June 2, 2026; and
WHEREAS, a notice of a public hearing to be held on June 2, 2026 was published and mailed to all landowners of the land proposed to be included within the Annexation Territory as required by law relative to the intention of the City Council to annex the Annexation Territory to the District and to levy a special tax in accordance with the Rate and Method (as defined below) ; and
WHEREAS, on June 2, 2026, this City Council held a noticed public hearing as required by law relative to the proposed annexation of the Annexation Territory, the levy of special taxes therein in accordance with the rate and method of apportionment of special tax attached as Attachment “B” to the Resolution of Intention (the “Rate and Method”), which Rate and Method 983

2 4925-2949-0073v5/022972-0051
is identical to the Original Rate and Method in all respects except that Appendix A thereto has been updated in accordance with the terms of the Original Rate and Method to refl ect prior annexations to the District and the annexation described herein; and WHEREAS, at the June 2, 2026 public hearing all persons desiring to be heard on all matters pertaining to the proposed annexation of the Annexation Territory to the District and the levy of the special taxes within the Annexation Territory in accordance with the Rate and Method were heard and a full and fair hearing was held; and
WHEREAS, at the public hearing, evidence was presented to the City Council on the matters before it, and the proposed annexation of the Annexation Territory to the District and the levy of special taxes within the Annexation Territory in accordance with the Rate and Method was not precluded by a majority protest of the type described in Section 53339.6 of the Act, and this City Council at the conclusion of the hearing is fully advised as to all matters relating to the annexation of the Annexation Territory and the levy of the special taxes in accordance with the Rate and Method; and
WHEREAS, the City Council has determined that there have been fewer than twelve registered voters residing in the Annexation Territory for the period of 90 days prior to June 2, 2026 and that the qualified electors in Annexation Territory are the landowners therein; and WHEREAS, on the basis of all of the foregoing, the City Council has determined at this time to proceed with the annexation of the Annexation Territory to the District and to call an election within the Annexation Territory to authorize the levy of special taxes pursuant to the Rate and Method;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY

OF MURRIETA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025 -2 (MAINTENANCE SERVICES) OF THE CITY OF MURRIETA AS FOLLOWS:

Section 1. Each of the above recitals is true and correct.

Section 2. The City Council hereby finds and determines that all prior proceedings taken with respect to the establishment of the District and the proposed annexation of the Annexation Territory to the District were valid and in conformity with the requirements of law, including the Act.

Section 3. The map showing the original boundaries of the District designated “Proposed Boundary Map Community Facilities District No. 2025 -2 (Maintenance Services) of the City of Murrieta, County of Riverside, State of California,” is on file in the office of the City Clerk and was recorded pursuant to Sections 3111 and 3113 of the Streets and Highways Code in the County Book of Maps of Assessment and Community Facilit ies Districts in the Assessor - County Clerk -Recorder’s office of the County of Riverside in Book No. 95 Page No. 27, on February 20, 2025 as Instrument No. 2025-0050551.

In addition, the map showing the Potential Annexation Area designated “Boundaries — Potential Annexation Area Community Facilities District No. 2025 -2 (Maintenance Services) of 984

3 4925-2949-0073v5/022972-0051
the City of Murrieta, County of Riverside, State of California,” is on file in the office of the City Clerk and was recorded pursuant to Sections 3111 and 3113 of the Streets and Highways Code in the County Book of Maps of Assessment and Community Facilities Districts in the Assessor - County Clerk -Recorder’s office of the County of Riverside in Book No. 95 Page No. 26, on February 20, 2025 as Instrument No. 2025-0050550.

In addition, t he map showing the Annexation Territory proposed to be annexed to the District and be made subject to taxation designated “Annexation Map No. 1 Community Facilities District No. 2025-2 (Maintenance Services) of the City of Murrieta, County of Riverside, State of California,” is on file in the office of the City Clerk and was recorded pursuant to Sections 3111 and 3113 of the Streets and Highways Code in the County Book of Maps of Assessment and Community Facilities Districts in the Assessor -County Clerk-Recorder’s office of the County of Riverside in Book No. 99 at Page No. 22, recorded as Instrument No. 2026-0092330 on March 26, 2026.

Section 4. The City Council hereby adopts the Rate and Method attached as Attachment “B” to the Resolution of Intention as the applicable rate and method for the Annexation Territory. Except where funds are otherwise available, it is the intention of the City Council, subject to the approval of the eligible voters within the Annexation Territory, to levy the proposed special taxes at the rates within the Annexation Territory set forth in the Rate and Method on all non-exempt property within the Annexation Territory sufficient to pay for (i) the Services (as defined in the Rate and Method) , (ii) fund an operating reserve for the costs of Services as determined by the City, and (v) Administrative Expenses (as defined in the Rate and Method).

The District expects to incur, and in certain cases has already incurred, Administrative Expenses in connection with the annexation of the Annexation Territory to the District. The rate and method of apportionment of the special tax applicable to the Annexation Territory is described in detail in Attachment “B” to the Resolution of Intention which is incorporated herein by this reference, and the City Council hereby finds that Attachment “B” to the Resolution of Intention contains sufficient detail to allow each landowner within the Annexation Territory to estimate the maximum amount that may be levied against each parcel. The special tax is apportioned to each parcel on the foregoing bases pursuant to Section 53325.3 of the Act and such special tax is not on or based upon the ownership of real property.

Section 5. The City’s City Manager will be responsible for preparing annually, or authorizing a designee to prepare, a current roll of special tax levy obligations by assessor’s parcel number and will be responsible for estimating future special tax levies pursuant to Section 53340.2 of the Act. The special tax may be levied for such period as the Services are needed, as further described in Attachment “B” to the Resolution of Intention.

Section 6. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the Streets a nd Highways Code, a continuing lien to secure each levy of the special tax shall attach to all non-exempt real property in the Annexation Territory and this lien shall continue in force and effect until the levy of the special tax by the District ceases in accordance with the Rate and Method.

Section 7. Consistent with Section 53325.6 of the Act, the City Council finds and determines that the land within the Annexation Territory, if any, devoted primarily to agricultural, 985

4 4925-2949-0073v5/022972-0051
timber or livestock uses and being used for the commercial production of agricultural, timber or livestock products is contiguous to other land within the Annexation Territory and will be benefited by the Services proposed to be provided within Community Facilities District No. 2025- 2 and the Annexation Territory.

Section 8. It is hereby further determined that there is no ad valorem property tax currently being levied on property within the Annexation Territory for the exclusive purpose of paying for the same services as are proposed to be provided by Community Facilities District No. 2025-2.

Section 9. Written protests against the annexation of the Annexation Territory to the District and the levy of the special tax therein have not been filed by one -half or more of the registered voters within the boundaries of the Annexation Territory or by the property owners of one-half or more of the area of land within the boundaries of the Annexation Territory or the District. The City Council hereby finds that the proposed special tax for the Annexation Territory has not been precluded by a majority protest pursuant to Section 53324 of the Act.

Section 10. An election is hereby called for the Annexation Territory on the propositions of annexation to the District and the levying the special tax on the property within such Annexation Territory, pursuant to Section 53339.7 of the Act. The propositions to be placed on the ballot for the Annexation Territory are attached hereto as Attachment “A.” Section 11. The date of the foregoing election for the proposed Annexation Territory shall be June 2, 2026, or such later date as is consented to by the City Clerk and the landowners within the Annexation Territory. The City Clerk shall conduct the elections. Except as otherwise provided by the Act, the elections shall be conducted by personally delivered or mailed ballot and, except as otherwise provided by the Act, the elections shall be conducted in accordance with the provisions of law regulating elections of the City insofar as such provisions are determined by the City Clerk to be applicable.

Section 12. It is hereby found that there are not more than twelve registered voters within the territory of the Annexation Territory, and, pursuant to Section 53339.7 of the Act, each landowner who is the owner of record on the date hereof, or the authorized representative thereof, shall have one vote for each acre or portion thereof that he or she owns within the Annexation Territory.

Section 13. This Resolution shall be effective upon its adoption.

PASSED AND ADOPTED this 2nd day of June, 2026.

____________________________
Jon Levell, Mayor

986

5 4925-2949-0073v5/022972-0051
ATTEST:

_____________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM:

_____________________________
Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 26-4942 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of June, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Cristal McDonald, City Clerk

987

A-1
4925-2949-0073v5/022972-0051
ATTACHMENT “A”

BALLOT PROPOSITIONS
COMMUNITY FACILITIES DISTRICT NO. 2025-2 (MAINTENANCE SERVICES)

OF THE CITY OF MURRIETA

ANNEXATION AND SPECIAL TAX ELECTION
June 2, 2026
PROPOSITION A: Shall the territory described in Attachment “A” of Resolution No. 26-4917 of the City Council of the City of Murrieta be annexed to Community Facilities District No. 2025-2 of the City of Murrieta (Maintenance Services)?

YES______
NO_______

PROPOSITION B: Shall a special tax with a rate and method of apportionment as provided in Attachment “B” to Resolution No. 26-4917 of the City Council of the City of Murrieta be levied on property described in Attachment “A” of Resolution No. 26-4917 to pay for the Services and other purposes described in Resolution No. 26-4917?

YES______
NO_______

988

4910-6987-2281v4/022972-0051
RESOLUTION NO. 26-4943

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

MURRIETA, CALIFORNIA, ACTING IN ITS CAPACITY

AS THE LEGISLATIVE BODY OF COMMUNITY
FACILITIES DISTRICT NO. 2025 -2 (MAINTENANCE

SERVICES) CERTIFYING THE RESULTS OF THE JUNE
2, 2026 ANNEXATION AND SPECIAL TAX ELEC TION
(ANNEXATION NO. 3—GIERSON RANCH)
WHEREAS, the City Council (the “ City Council ”) of City of Murrieta (the “ City”) called and duly held an election on June 2, 2026 within the boundaries of certain territory (the “Annexation Territory”) described in Attachment “A” to Resolution No. 26-4917 adopted by the City Council on March 17, 2026 , which territory is to be annexed to Community Facilities District No. 2025 -2 of the City of Murrieta (Mainte nance Services) (“Community Facilities District No. 2025-2” or the “District”) pursu ant to Resolution No . 26-4942 for the purpose of presenting to the qualified electors within the Annexation Territory the propositions attached hereto as Attachment A; and
WHEREAS, there has been presented to this City Council a certificate of the City Clerk canvassing the results of the election, a copy of which is attached hereto as Attachment B;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MURRIETA AS FOLLOWS:

Section 1. Each of the above recitals is true and correct.

Section 2. Propositions A and B presented to the qualified electors of the District on June 2, 2026 were approved by two -thirds or more of the votes cast at said election and Propositions A and B each has carried. The City Council, acting as the legislative body of the District, is hereby authorized to levy on the land within the District the special tax described in Proposition A for the purposes described therein.

Section 3. The City Clerk is hereby directed to record in the Assessor -County Clerk- Recorder’s office of the County of Riverside within fifteen days of the date hereof a notice of special tax lien with respect to the Distr ict which Bond Counsel to the District shall prepare in the form required by Streets and Highways Code Section 3114.5.

Section 4. This Resolution shall be effective upon its adoption. 989
4910-6987-2281v4/022972-0051
PASSED AND ADOPTED this 2nd day of June, 2026.

____________________________
Jon Levell, Mayor
ATTEST:

_____________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM:

_____________________________
Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 26-4943 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of June, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Cristal McDonald, City Clerk

990

A-1
4910-6987-2281v4/022972-0051
ATTACHMENT “A”

BALLOT PROPOSITIONS
COMMUNITY FACILITIES DISTRICT NO. 2025-2 (MAINTENANCE SERVICES)

OF THE CITY OF MURRIETA

ANNEXATION AND SPECIAL TAX ELECTION
June 2, 2026
PROPOSITION A: Shall the territory described in Attachment “A” of Resolution No. 26-4917 of the City Council of the City of Murrieta be annexed to Community Facilities District No. 2025 -2 of the City of Murrieta (Maintenance Services)?

YES______
NO_______

PROPOSITION B: Shall a special tax with a rate and method of apportionment as provided in Attachment “B” to Resolution No. 26-4917 of the City Council of the City of Murrieta be levied on property described in Attachment “A” of Resolution No. 26-4917 to pay for the Services and other purposes described in Resolution No. 26-4917?

YES______
NO_______

991

B-1
4910-6987-2281v4/022972-0051

ATTACHMENT “B”

CERTIFICATE OF CITY CLERK

AS TO THE RESULTS OF THE CANVASS OF THE ELECTION RETURNS I, Cristal McDonald, City Clerk of the City of Murrieta, do hereby certify that I have examined the returns of the Special Tax and Annexation Election for Community Facilities District No. 2025-2 (Maintenance Services) of the City of Murrieta. The election was held in the City of Murrieta Council Chambers, 1 Town Square, Murrieta, California, on June 2, 2026 . I caused to be delivered ballots to each qualified elector. One (1) ballot was returned.

I further certify that the results of said election and the n umber of votes cast for and against Propositions A and B are as follows:

PROPOSITION A PROPOSITION B
YES: YES:

NO: NO:

TOTAL: TOTAL:

Dated this 2nd day of June, 2026.

CRISTAL MCDONALD, CITY CLERK
992
993

4919-1222-8761/022972-0051

WAIVER OF CERTAIN ELECTION PROCEDURES

WITH RESPECT TO LANDOWNER ELECTION FOR
COMMUNITY FACILITIES DISTRICT NO. 2025-S (SAFETY SERVICES)

OF THE CITY OF MURRIETA
(ANNEXATION NO. 1— GIERSON RANCH)
The undersigned, Justin Brewer, acting on behalf of Century Communities of California, LLC, a Delaware limited liability company (the “Owner”), hereby certifies to the City of Murrieta (the “City”), with respect to the proposed annexation of territory Community Facilities District No. 2025-S (Safety Services) of the City of Murrieta (the “District”), as follows:

1. The undersigned has been duly authorized by the Owner and possesses all authority necessary to execute this Waiver on behalf of the Owner in connection with the election to be called by the City Council of the City with respect to the District. The Owner hereby appoints Justin Brewer to act as its authorized representative to vote in the election referred to herein and certifies that his true and exact signature is set forth below:

Signature of Justin Brewer: __________________________________

2. The Owner is the present owner of 15.98 acres of land as described in Attachment “A” hereto (the “Annexation Territory”) . There are no registered voters residing within the Annexation Territory owned by the Owner and have been none during the 90 -day period preceding June 2, 2026.

3. The Owner has received notice of the June 2, 2026 public hearing to be held by the City Council of the City regarding the approval of (i) annexation of the Annexation Territory to the District and (ii) the levy of sp ecial taxes within the Annexation Territory in accordance with the rate and method for the District . The Owner agrees that it received adequate notice of the June 2, 2026 hearing.

4. The Owner has received from the City and the City has made available to the Owner n ecessary and relevant information regarding the proposed annexation and levy of the special tax, as set forth in Resolution No. 26-4918 adopted by the City Council on March 17, 2026 (the “Resolution”).

5. The undersigned understands that if the proceedings for the annexation of the Annexation Territory to the District are undertaken on or after June 2, 2026 , an election will be held by the District on the propositions set forth in the sample ball ot attached hereto as Attachment “B” less than 90 days after t he close of the June 2, 2026 public hearing as in accordance with Section 53339.7 of the Government Code, without the preparation of an impartial analysis, arguments or rebuttals concerning the election as provided for by Elections Code Sections 9160 to 91 67, inclusive, and 9190 and without preparation of a tax rate statement as provided in Section 9401 of the Elections Code and without further notice of such election as required pursuant to the Elections Code or the Government Code. Having been fully advi sed with respect to the election, in accordance with the authority contained in Government Code Section 53339.7, the Owner waives compliance with the foregoing provisions of the Elections Code and Government Code, with any time limits or other procedural r equirements pertaining to 994

2 4919-1222-8761/022972-0051
the conduct of the election which are not being complied with and consents to having the election on any date on or after the close of the June 2, 2026 public hearing and consents to the closing of the election as soon as all ballots are received by the City Clerk.

6. The undersigned hereby represents that compliance with the procedural requirements for conducting the election, including the receipt of any ballot arguments and impartial analysis and the time limitations which apply in connection with scheduling, mailing and publishing notices for such an election, are unnecessary in light of the fact that the undersigned has received sufficient information r egarding the annexation of the Annexation Territory to the District and imposition of the special tax as set forth in the Resolution to allow it to properly complete the attached ballot. The Owner further waives its right to make any protest or complaint or undertake any legal action challengi ng the validity of the election or the levy of the special tax to finance services for the benefit of the Annexation Territory in accordance with the rate and method of apportionment of special tax for the District.

Dated: May __, 2026

CENTURY COMMUNITIES OF

CALIFORNIA, LLC,
a Delaware limited liability company

By:___________________________
___________________________
___________________________

995

A-1
4919-1222-8761/022972-0051
ATTACHMENT “A”

DESCRIPTION OF PROPERTY

996

B-1
4919-1222-8761/022972-0051
ATTACHMENT “B”

SAMPLE BALLOT
COMMUNITY FACILITIES DISTRICT NO. 2025-S (SAFETY SERVICES)

OF THE CITY OF MURRIETA

ANNEXATION AND SPECIAL TAX ELECTION
June 2, 2026
You are entitled to cast 16 votes.

To vote, stamp a cross (+) in the voting square after the word “YES” or after the word “NO”. All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void.

If you wrongly mark, tear, or deface this ballot, return it to the City Clerk and obtain another.

PROPOSITION A: Shall the territory described in Attachment “A” of Resolution No. 26-4918 of the City Council of the City of Murrieta be annexed to Community Facilities District No. 2025-S of the City of Murrieta (Safety Services)?

YES______
NO_______

PROPOSITION B: Shall a special tax with a rate and method of apportionment as provided in Attachment “B” to Resolution No. 26-4918 of the City Council of the City of Murrieta be levied on property described in Attachment “A” of Resolution No. 26-4918 to pay for the Services and other purposes described in Resolution No. 26-4918?

YES______
NO_______

997

RESOLUTION NO. 26-4944

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA

ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES
DISTRICT NO. 2025-S OF THE CITY OF MURRIETA (SAFETY SERVICES), ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2025-S OF THE CITY OF MURRIETA ( SAFETY SERVICES ), AND CALLING ELECTIONS THEREIN (ANNEXATION NO. 1—GIERSON
RANCH)
WHEREAS, on June 3, 2025, the City Council (the “City Council”) of the City of Murrieta adopted Resolution No. 25-4838 (the “Resolution of Intention”), declaring its intention to establish Community Facilities District No. 2025-S of the City of Murrieta (Safety Services) (“Community Facilities District No. 2025-S” or the “District”) and a Potential Annexation Area therein (the “Potential Annexation Area”) pursuant to the Mello -Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”); and
WHEREAS, after a duly noticed public hearing, the City Council adopted Resolution No. 25-4874 (the “Resolution of Formation”) establishing Community Facilities District No. 2025-S and the Potential Annexation Area and calling a special election therein to authorize (i) the levy of special taxes pursuant to the rate and method of apportionment of the special tax, as set forth in Attachment “A” attached to the Resolution of Formation (the “Orig inal Rate and Method”), and (ii) the establishment of an appropriations limit for Community Facilities District No. 2025-S; and
WHEREAS, pursuant to a petition signed by Century Communities of California, LLC, a Delaware limited liability company (the “Owner”), on March 17, 2026, the City Council adopted Resolution No. 26-4918 (the “Resolution of Intention”), stating its intention to annex the territory described in Attachment “A” to the Resolution of Intention (the “Annexation Territory”) to the District; and
WHEREAS, due to certain complexities of the proposed annexation of the Annexation Territory to the District, on April 21, 2026, the public hearing called for such date relative to the proposed annexation o f the Annexation Territory to the District and the levy of special taxes therein was opened and continued to June 2, 2026; and
WHEREAS, a notice of a public hearing to be held on June 2, 2026 was published and mailed to all landowners of the land proposed to be included within the Annexation Territory as required by law relative to the intention of the City Council to annex the Annexation Territory to the District and to levy a special tax in accordance with the Rate and Method (as defined below) ; and
WHEREAS, on June 2, 2026, this City Council held a noticed public hearing as required by law relative to the proposed annexation of the Annexation Territory, the levy of special taxes therein in accordance with the rate and method of apportionment of speci al tax attached as Attachment “B” to the Resolution of Intention (the “Rate and Method”), which Rate and Method 998

2 4907-0440-0281v4/022972-0051
is identical to the Original Rate and Method in all respects except that Appendix A thereto has been updated in accordance with the terms of the Original Rate and Method to reflect prior annexations to the District and the annexation described herein; and WHEREAS, at the June 2, 2026 public hearing all persons desiring to be heard on all matters pertaining to the proposed annexation of the Annexat ion Territory to the District and the levy of the special taxes within the Annexation Territory in accordance with the Rate and Method were heard and a full and fair hearing was held; and
WHEREAS, at the public hearing, evidence was presented to the City Council on the matters before it, and the proposed annexation of the Annexation Territory to the District and the levy of special taxes within the Annexation Territory in accordance with the Rate and Method was not precluded by a majority protest of the type described in Section 53339.6 of the Act, and this City Council at the conclusion of the hearing is fully advised as to all matters relating to the annexation of the Annexation Territory and the levy of t he special taxes in accordance with the Rate and Method; and
WHEREAS, the City Council has determined that there have been fewer than twelve registered voters residing in the Annexation Territory for the period of 90 days prior to June 2, 2026 and that the qualified electors in Annexation Territory are the landowners therein; and WHEREAS, on the basis of all of the foregoing, the City Council has determined at this time to proceed with the annexation of the Annexation Territory to the District and to call a n election within the Annexation Territory to authorize the levy of special taxes pursuant to the Rate and Method;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY

OF MURRIETA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025-S (SAFETY SERVICES ) OF THE CITY OF MURRIETA AS FOLLOWS:

Section 1. Each of the above recitals is true and correct.

Section 2. The City Council hereby finds and determines that all prior proceedings taken with respect to the establishment of the District and the proposed annexation of the Annexation Territory to the District were valid and in conformity with the requirements of law, including the Act.

Section 3. The map showing the original boundaries of the District design ated “Proposed Boundary Map Community Facilities District No. 2025-S (Safety Services) of the City of Murrieta, County of Riverside, State of California,” is on file in the office of the City Clerk and was recorded pursuant to Sections 3111 and 3113 of the Streets and Highways Code in the County Book of Maps of Assessment and Community Fac ilities Districts in the Assessor -County Clerk- Recorder’s office of the County of Riverside in Book No. 96 Page No. 51, on June 10, 2025 as Instrument No. 2025-0175991.

In addition, the map showing the Potential Annexation Area designated “Boundaries — Potential Annexation Area Community Facilities District No. 2025-S (Safety Services) of the City 999

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of Murrieta, County of Riverside, State of California,” is on file in the office of the City Clerk and was recorded pursuant to Sections 3111 and 3113 of the Streets and Highways Code in the County Book of Maps of Assessment and Community Facilities Districts in the Assessor -County Clerk- Recorder’s office of the County of Riverside in Book 96 Page No. 52, on June 10, 2025 as Instrument No. 2025-0175992.

In addition , t he map showing the Annexation Territory proposed to be annexed to the District and be made subject to taxation designated “Annexation Map No. 1 Community Facilities District No. 2025-S (Safety Services ) of the City of Murrieta, County of Riverside, Stat e of California,” is on file in the office of the City Clerk and was recorded pursuant to Sections 3111 and 3113 of the Streets and Highways Code in the County Book of Maps of Assessment and Community Facilities Districts in the Assessor -County Clerk-Recorder’s office of the County of Riverside in Book No. 99 at Page No. 21, recorded as Instrument No. 2026-0092329 on March 26, 2026.

Section 4. The City Council hereby adopts the Rate and Method attached as Attachment “B” to the Resolution of Intention as the applicable rate and method for the Annexation Territory. Except where funds are otherwise available, it is the intention of the City Council, subject to the approval of the eligible voters within the Annexation Territory, to levy the proposed special taxes at the rates within the Annexation Territory set forth in the Rate and Method on all non-exempt property within the Annexation Territory sufficient to pay for (i) the Services (as defined in the Rate and Method) , (ii) fund an operating reserve fo r the costs of Services as determined by the City, and (v) Administrative Expenses (as defined in the Rate and Method).

The District expects to incur, and in certain cases has already incurred, Administrative Expenses in connection with the annexation of the Annexation Territory to the District. The rate and method of apportionment of the special tax applicable to the Annexation Territory is described in detail in Attachment “B” to the Resolution of Intention which is incorporated herein by this reference, and the City Council hereby finds that Attachment “B” to the Resolution of Intention contains sufficient detail to allow each landowner within the Annexation Territory to estimate the maximum amount that may be levie d against each parcel. The special tax is apportioned to each parcel on the foregoing bases pursuant to Section 53325.3 of the Act and such special tax is not on or based upon the ownership of real property.

Section 5. The City’s City Manager will be resp onsible for preparing annually, or authorizing a designee to prepare, a current roll of special tax levy obligations by assessor’s parcel number and will be responsible for estimating future special tax levies pursuant to Section 53340.2 of the Act. The special tax may be levied for such period as the Services are needed, as further described in Attachment “B” to the Resolution of Intention.

Section 6. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the Streets and Highways Code, a continuing lien to secure each levy of the special tax shall attach to all non-exempt real property in the Annexation Territory and this lien shall continue in force and effect until the levy of the special tax by the District ceases in accordance with the Rate and Method.

Section 7. Consistent with Section 53325.6 of the Act, the City Council finds and determines that the land within the Annexation Territory, if any, devoted primarily to agricultural, 1000

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timber or livestock uses and being used for the commercial production of agricultural, timber or livestock products is contiguous to other land within the Annexation Territory and will be benefited by the Services proposed to be provided within Community Facilities District No. 2025- S and the Annexation Territory.

Section 8. It is hereby further determined that there is no ad valorem property tax currently being levied on property within the Annexation Territory for the e xclusive purpose of paying for the same services as are proposed to be provided by Community Facilities District No. 2025-S.

Section 9. Written protests against the annexation of the Annexation Territory to the District and the levy of the special tax therein have not been filed by one -half or more of the registered voters within the boundaries of the Annexation Territory or by the property owners of one-half or more of the area of la nd within the boundaries of the Annexation Territory or the District. The City Council hereby finds that the proposed special tax for the Annexation Territory has not been precluded by a majority protest pursuant to Section 53324 of the Act.

Section 10. An election is hereby called for the Annexation Territory on the propositions of annexation to the District and the levying the special tax on the property within such Annexation Territory, pursuant to Section 53339.7 of the Act. The propositions to be placed on the ballot for the Annexation Territory are attached hereto as Attachment “A.” Section 11. The date of the foregoing election for the proposed Annexation Territory shall be June 2, 2026, or such later date as is consented to by the City Clerk and the landowners within the Annexation Territory. The City Clerk shall conduct the elections. Except as otherwise provided by the Act, the elections shall be conducted by personally delivered or mailed ballot and, except as otherwise provided by the A ct, the elections shall be conducted in accordance with the provisions of law regulating elections of the City insofar as such provisions are determined by the City Clerk to be applicable.

Section 12. It is hereby found that there are not more than twelve registered voters within the territory of the Annexation Territory, and, pursuant to Section 53339.7 of the Act, each landowner who is the owner of record on the date hereof, or the authorized representative thereof, shall have one vote for each acre or portion thereof that he or she owns within the Annexation Territory.

Section 13. This Resolution shall be effective upon its adoption.

PASSED AND ADOPTED this 2nd day of June, 2026.

____________________________
Jon Levell, Mayor

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ATTEST:

_____________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM:

_____________________________
Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 26-4944 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of June, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Cristal McDonald, City Clerk

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ATTACHMENT “A”

BALLOT PROPOSITIONS
COMMUNITY FACILITIES DISTRICT NO. 2025-S (SAFETY SERVICES)

OF THE CITY OF MURRIETA

ANNEXATION AND SPECIAL TAX ELECTION
June 2, 2026
PROPOSITION A: Shall the territory described in Attachment “A” of Resolution No. 26-4918 of the City Council of the City of Murrieta be annexed to Community Facilities District No. 2025-S of the City of Murrieta (Safety Services)?

YES______
NO_______

PROPOSITION B: Shall a special tax with a rate and method of apportionment as provided in Attachment “B” to Resolution No. 26-4918 of the City Council of the City of Murrieta be levied on property described in Attachment “A” of Resolution No. 26-4918 to pay for the Services and other purposes described in Resolution No. 26-4918?

YES______
NO_______

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RESOLUTION NO. _____

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025-S (SAFETY
SERVICES) CERTIFYING THE RESULTS OF THE JUNE 2, 2026
ANNEXATION AND SPECIAL TAX ELECTION (ANNEXATION NO. 1—

GIERSON RANCH)
WHEREAS, the City Council (the “ City Council ”) of City of Murrieta (the “ City”) called and duly held an election on June 2, 2026 within the boundaries of certain territory (the “Annexation Territory”) described in Attachment “A” to Resolution No. 26-4918 adopted by the City Council on March 17, 2026 , which territory is to be annexed to Community Facilities District No. 2025-S of the City of Murrieta ( Safety Services ) (“Community Facilities District No. 2025-S” or the “District”) pursu ant to Resolution No . 26-4944 for the purpose of presenting to the qualified electors within the Annexation Territory the propositions attached her eto as Attachment A; and
WHEREAS, there has been presented to this City Council a certificate of the City Clerk canvassing the results of the election, a copy of which is attached hereto as Attachment B;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MURRIETA AS FOLLOWS:

Section 1. Each of the above recitals is true and correct.

Section 2. Propositions A and B presented to the qualified electors of the District on June 2, 2026 were approved by two -thirds or more of the votes cast at said election and Propositions A and B each has carried. The City Council, acting as the legislative body of the District, is hereby authorized to levy on the land within the District the special tax described in Proposition A for the purposes described therein.

Section 3. The City Clerk is hereby directed to record in the Assessor -County Clerk- Recorder’s office of the County of Riverside within fifteen days of the date hereof a notice of special tax lien with respect to the Distr ict which Bond Counsel to the District shall prepare in the form required by Streets and Highways Code Section 3114.5.

Section 4. This Resolution shall be effective upon its adoption.

PASSED AND ADOPTED this 2nd day of June, 2026.

____________________________
Jon Levell, Mayor

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ATTEST:

_____________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM:

_____________________________
Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 26-4945 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 2nd day of June, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Cristal McDonald, City Clerk

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ATTACHMENT “A”

BALLOT PROPOSITIONS
COMMUNITY FACILITIES DISTRICT NO. 2025-S (SAFETY SERVICES)

OF THE CITY OF MURRIETA

ANNEXATION AND SPECIAL TAX ELECTION
June 2, 2026
PROPOSITION A: Shall the territory described in Attachment “A” of Resolution No. 26-4918 of the City Council of the City of Murrieta be annexed to Community Facilities District No. 2025-S of the City of Murrieta (Safety Services)?

YES______
NO_______

PROPOSITION B: Shall a special tax with a rate and method of apportionment as provided in Attachment “B” to Resolution No. 26-4918 of the City Council of the City of Murrieta be levied on property described in Attachment “A” of Resolution No. 26-4918 to pay for the Services and other purposes described in Resolution No. 26-4918?

YES______
NO_______

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ATTACHMENT “B”

CERTIFICATE OF CITY CLERK

AS TO THE RESULTS OF THE CANVASS OF THE ELECTION RETURNS I, Cristal McDonald, City Clerk of the City of Murrieta, do hereby certify that I have examined the returns of the Special Tax and Annexation Election for Community Facilities District No. 2025-S (Safety Services) of the City of Murrieta. The election was hel d in the City of Murrieta Council Chambers, 1 Town Square, Murrieta, California, on June 2, 2026 . I caused to be delivered ballots to each qualified elector. One (1) ballot was returned.

I further certify that the results of said election and the number of votes cast for and against Propositions A and B are as follows:

PROPOSITION A PROPOSITION B
YES: YES:

NO: NO:

TOTAL: TOTAL:

Dated this 2nd day of June, 2026.

CRISTAL MCDONALD, CITY CLERK
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CITY OF MURRIETA
City Council Meeting Agenda
Report
6/2/2026
Agenda Item No. 16.

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

Fiscal Year 2025/26 Third Quarter Financial Status Report and Proposed Budget Adjustments

ABSTRACT
This Third Quarter Budget Update reports on Fiscal Year 2025/26 through March 31, 2026, and requests approval of budget adjustments. General Fund and Measure T revenues are tracking as expected, and expenditures are near the quarter mark, reflecting approved staffing updates and early capital outlay activity.

Staff recommends targeted budget amendments to align revenues and expenditures with actual activity and updated projections. Overall, the budget is tracking largely as planned.

RECOMMENDATION
Receive and file the report; and
Approve the adjustments to the Fiscal Year 2025/26 Operating Budget as referenced in the Fiscal Impact section of this report.

PRIOR ACTION/VOTE
On June 3, 2025, the City Council, the Boards of Directors of the Murrieta Fire District (MFD), the Community Services District (CSD), the Murrieta Library District (MLD), the Housing Authority (HA), and the City Council acting as Successor to the Redevelopment Agency (SA), adopted a joint Resolution (25-4837, MFD 25-225, CSD 25-285, MLB 25-201, RSA 25-35, and MHA 25-45) approving the Operating Budgets for Fiscal Years 2025/26 and 2026/27 (Vote: 5-0).

Subsequently, the City Council, the Boards of Directors of the MFD, CSD, MLD, SA, and the HA approved amendments to the Fiscal Year 2025/26 Operating Budget on December 2, 2025, and March 3, 2026 (Vote: 5- 0).

STRATEGIC ALIGNMENT
This item aligns with the City Council goal of: maintaining a high performing organization that values fiscal CITY OF MURRIETA Printed on 5/28/2026Page 1 of 10
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sustainability, transparency, accountability and organizational efficiency relating to an administrative priority.

DISCUSSION
The City of Murrieta (City) adopts a biennial budget every two years, starting in odd-numbered years. The budget period runs from July 1 to June 30. The Government Finance Officers Association (GFOA) recommends that all governments implement a formal process to compare the budget to actual results to monitor financial performance. To comply with these best practices, staff prepares quarterly budget reports for the City Council to review and consider. These reports ensure transparency and provide opportunities for staff to adjust the Operating Budget based on analyzed trends.

This Third Quarter Budget Update Report serves two (2) purposes:

1. Provide a Fiscal Year 2025/26 Budget Update through the Third Quarter of the Fiscal Year (July 1 - March 31, 2026); and

2. Request City Council approval of Revenue budget adjustments based on year-to-date actuals and appropriate Expenditure budgets for several accounts in Attachment 3; Third Quarter Budget Updates provide an update on Revenue collections and Expenditures to date. Staff has provided the City Council with two (2) significant budget updates to Revenues and Expenditures at the December 2, 2025, and March 3, 2026, City Council Meetings. This budget update includes a few new Expenditure budget requests and adjustments. This budget update also includes modifications to Revenue budgets based on year-to-date collections, all of which will be discussed later in the report.

The table below provides a Summary of General Fund Revenues collected through the end of the Third Quarter, March 31, 2026. The discussion regarding Expenditures, Measure T, and Citywide Proposed Adjustments will follow the Revenue discussion.

General Fund Revenues
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As of March 31, 2026, the City’sGeneral Fund has collected $43,271,828, which is approximately 55% of the $79,159,440 Amended Revenue Budget. Some revenues, such as Property Taxes and Franchise Taxes, are not received monthly, unlike expenses for routine services and personnel that can be anticipated monthly.

Therefore, the General Fund, as well as other funds with certain semi-annual revenue collections, will not always reflect their expected balances until the Fiscal Year has closed. · Sales Tax receipts are collected on a two-month delay. As of March 31, 2026, the City has collected Sales Tax receipts through January. For this year, Sales Tax was budgeted three percent (3%) higher than the Fiscal Year 2024/25 Amended Budget, or approximately two percent (2%) higher than the Fiscal Year 2024/25 final sales tax revenue. For the seven months of collections, Sales Tax receipts are tracking 3.6%, or $554,606, higher than at this point in the prior year. Shortly after preparing this report, the February 2026 Sales Tax receipts were reported, and collections came in lower than anticipated. Based on collections received through February 2026 and the Sales Tax forecast for the remainder of the fiscal year, staff now projects revenues will fall short of the amended budget by approximately $267,000, or 1%.
· The City has several Property Tax accounts that typically receive revenues at various points during the Fiscal Year, typically ranging from October through June. In the Third Quarter, Staff can gauge if revenues will be in line with the proposed budget. Staff conducted a year-over-year analysis on Property Tax revenues, and the revenues overall appear on track with the current budget. However, staff will propose minor budget updates for these accounts later in this report to better align the budget with the anticipated revenues.
· The Other Miscellaneous Revenues category includes Interest Earnings, Miscellaneous Revenues, and Revenue from Other Agencies. These revenues are trending lower than expected through the Third Quarter, to 43% of the Amended Budget. There are two (2) main accounts that are causing the Misc. Revenues to appear lower: Interest Income and Intergovernmental Revenues for the Police Department (PD):
o At the time this report was prepared, Interest has been recorded for the First and Second Quarters. Additionally, in the Third Quarter, it was determined that Measure T Interest Income should be recorded in Measure T rather than grouped with the General Fund. From the Second Quarter Interest Allocation onward, staff will be recording Measure T and General Fund Interest Allocations separately. Staff will propose a movement of budget from the General Fund to Measure T in this account to reflect this decision later in this report. o The Police Department has an agreement with the City of Menifee to provide Dispatch Services. These services are billed quarterly after each quarter is completed. The City’sbillings are currently up to date through the Second Quarter of the Fiscal Year and are tracking at 61% of the budget. The third quarter billing is likely to occur between May and June 2026. The fourth quarter billing is expected shortly after the end of the fiscal year, and it will be accounted for as part of the 4th quarter year-end budget report.
· License and Permit Fees are continuing to trend higher, at 83% of the budget. The City has collected an additional $415,530 during the Third Quarter of the Fiscal Year. This collection builds on the 759 Multi-Family residential unit permits issued in the First Quarter and the additional 17 residential permits issued during the Second Quarter. During the Third Quarter, the City issued permits for two (2) multi- family buildings (12 units total), a single-family residential improvement, an attached Accessory Dwelling Unit (ADU), and two (2) detached ADUs. Additionally, the City issued 59 Commercial Permits for various projects, including solar projects, additions to commercial buildings, and cell sites.

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The remaining revenue sources are tracking close to or as expected based on the Amended Budget and the timing of revenue receipts/collections. Any revenue adjustments based on year-to-date actuals will be addressed later in the report, along with proposed Expenditure adjustments.

General Fund Expenditures
Certain Expenditures, such as salaries and internal service charges (allocations), remain consistent throughout the year. However, other Expenditures, such as Capital Outlay, are usually one-time purchases and may therefore not be evenly distributed throughout the year. Below is a table reflecting the General Fund’s Expenditures through the Third Quarter.

The General Fund has an Amended Expenditure Budget of $82,158,005, out of which $58,142,632, or approximately 71%, has been spent as of March 31, 2026. · Personnel expenditures are tracking slightly behind the point expected for the end of Quarter 3 at 71% due to some unfilled positions. Had staff not implemented a Vacancy Factor for all departments as part of the Biennial Budget, Personnel costs would be even lower at approximately 67% of the budget.

Considering that certain benefit-related costs, such as accrual buyouts, occur in December and June each year, staff is proposing to maintain the personnel budget as currently forecasted. · Capital Outlay Expenditures are typically one-time purchases for vehicles, fixtures, and equipment. As of March 31, Capital Outlay expenditures have increased by 14%, with 94% of the total budgeted expenditures utilized. The primary increase in the Third Quarter was due to PD's Vehicle Upfitting, which prepared four (4) of their vehicles for service.
· One-Time Expenditures have been separated from routine O&M and Capital Outlay Expenditures, isolating costs that are for one-time charges. Currently, the One-Time expenses for the General Fund have been marginally utilized. The expenses in this category currently are for Special Event Items, kitchen appliances for the Community Center, and door repair maintenance. · Capital Improvement Plan (CIP) Expenditures are budgeted in the Capital Improvement Budget, which is budgeted in a sub-ledger of the Operating Budget; however, when CIP Projects incur expenses, the Expenditures are reflected on the General Ledger and appear in the total Expenditures to date. The CIP Budget provides for the non-routine maintenance or replacement of existing public facilities and assets, as well as the construction or acquisition of new facilities and assets. Funding for these CITY OF MURRIETA Printed on 5/28/2026Page 4 of 10
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assets, as well as the construction or acquisition of new facilities and assets. Funding for these expenditures typically utilizes assigned fund balance and/or sustainability reserves set aside for Capital Projects. These expenditures have been categorized separately to indicate that they differ from the Operating Budget.

Measure T
Revenues
As of March 31, 2026, Measure T has collected $17,642,564, which is approximately 60% of the $28,881,479 Amended Revenue Budget.
· Sales Tax receipts are the primary source of revenue for Measure T. As mentioned above in the General Fund section, Sales Tax is collected with a two-month delay. Measure T has collected Sales Tax receipts through January. Similar to the General Fund Sales Tax, the Measure T Sales Tax receipts are tracking 3.3%, or $617,116, higher than at this point in the prior year. Shortly after preparing this report, the February 2026 Sales Tax receipts were reported, and collections came in lower than anticipated. Based on collections received through February 2026 and the Sales Tax forecast for the remainder of the fiscal year, staff now projects revenues will fall short of the amended budget by approximately $265,000, or 0.9%.
· In the Third Quarter, it was determined that Measure T Investment Interest Income should be recorded in Measure T rather than grouped with the General Fund. From the Second Quarter Interest Allocation onward, Staff will be recording Measure T and General Fund Interest Allocations separately. As such, the Other Miscellaneous Revenue category will see a significant increase in revenue, and staff will propose an adjustment to the Other Miscellaneous Revenue budget later in the report. At the time of CITY OF MURRIETA Printed on 5/28/2026Page 5 of 10
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propose an adjustment to the Other Miscellaneous Revenue budget later in the report. At the time of this report, the Quarter 2 Investment Interest Allocation is the only revenue received in Measure T’s Other Miscellaneous Revenue category.

Expenditures
Measure T has an Amended Expenditure Budget of $32,507,631, out of which $25,566,797, or approximately 79%, has been spent as of March 31, 2026.
· Personnel expenditures are slightly behind the mid-year point at 69% due to some unfilled positions and some positions that were charged to other Funds but have since been corrected and added to the Measure T Fund. Had the budget not included a Vacancy Factor, Personnel costs would be close to 65% of the budget. Similar to the General Fund, and considering that certain benefit-related costs, such as accrual buyouts, occur in December and June each year, staff is proposing to maintain the personnel budget as currently forecasted.
· Operations and maintenance (O&M) expenditures are 49% of the budget, which is expected due to the irregular timing of expenditures throughout the Fiscal Year. O&M expenditures grew 11% during the Third Quarter. Some of the larger contributors to this increase from the Second Quarter are Fire expenditures for Safety equipment and for the emergency radio subscription agreement with the County. Additionally, the Weed Abatement Program has begun activity in the Third Quarter and is likely to continue through the end of the Fiscal Year.
· Capital Improvement Plan (CIP) Expenditures are budgeted in the Capital Improvement Budget, which is budgeted in a sub-ledger of the Operating Budget; however, when CIP Projects incur expenses, the Expenditures are reflected on the General Ledger and appear in the total Expenditures to date. The CIP Budget provides for the maintenance or replacement of existing public facilities and assets, as well as the construction or acquisition of new facilities and assets. Funding for these expenditures typically utilizes Reserves set aside for Capital Projects from Special Revenue Funds. These expenditures have been categorized separately to indicate that they differ from the Operating Budget. · One-Time Expenditures have been separated from the standard O&M and Capital Outlay to show the difference between recurring costs to keep the City operating and costs that are isolated or that are one-time charges. Currently, the One-Time expenses for Measure T are at 49% of the Amended Budget, increasing 12% from the Second Quarter. The expenses in this category currently are for Fire facility repairs and furniture replacement.
· Measure T Transfers Out exceed what would typically be expected for the midpoint of the FY by 9%.

This is due to a one-time lump-sum transfer to establish the Fleet Replacement Fund.

Third Quarter Adjustments
Occasional adjustments to the Operating Budget are necessary. Considering that the City prepares a biennial budget, it is challenging to anticipate every need over a two-year timeframe and to predict changes in economic conditions. Furthermore, it is common for items to be overlooked and inadvertently excluded from the budget. This Budget Update requests a few department-requested Expenditure appropriations based on the actual costs of budgeted items, for unplanned expenditures, and for expenditure budgets that were inadvertently excluded during the Biennial Budget development process.

The proposed Citywide (all-funds) adjustments include an increase in budget Expenditures of $348,971 and a net increase in budget Revenues of $672,270. The following table summarizes the proposed Citywide CITY OF MURRIETA Printed on 5/28/2026Page 6 of 10
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net increase in budget Revenues of $672,270. The following table summarizes the proposed Citywide changes.

Revenues
· Staff conducted a year-over-year analysis on Property Tax revenues for the General Fund, the Fire District, and the Library. Overall, the revenues appear on track with the current budget. Based on staff review and analysis, staff is proposing a net decrease of $104,154 in the budget for Property Tax revenues for the General Fund. This is primarily the result of increases in current and unsecured Property Tax revenues, partially offset by significant reductions in supplemental and prior-year Property Tax levies. Similar to the General Fund, the net decrease in Property Tax revenue for the Fire District Fund is $74,200, with a similar impact on the specific Property Tax category. Lastly, the Library District Fund experienced similar trends within the Property Tax revenue categories, resulting in a net CITY OF MURRIETA Printed on 5/28/2026Page 7 of 10
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Fund experienced similar trends within the Property Tax revenue categories, resulting in a net proposed reduction of $7,000. Staff is also proposing to increase the VLF Property Tax budget in the General Fund by $601,700.
· Staff proposes a net increase in Revenues for the Other Miscellaneous Revenues category by $259,816.
o Staff recommends reallocating $1,200,000 of the budget for Investment Interest Income from the General Fund to the Measure T Fund. During the Third Quarter, it was determined that Measure T Investment Interest Income should be recorded in the Measure T Fund rather than grouped with the General Fund. From the Second Quarter Investment Interest Allocation onward, Staff will be recording Measure T Fund and General Fund Interest Allocations separately. This budget adjustment has no budgetary impact on the overall budget. o Additionally, staff proposes to add a budget to the City’sFederal Treasury Asset Forfeiture Fund revenue account for $259,816. This is to account for revenues earned in a prior period and that were received throughout the current FY.
· Staff also proposes two changes in revenues for Charges for Services. In total, staff is proposing a net decrease of $3,892 to Charges for Services.
o Staff proposes to decrease Charges for Services for Other Fire Services by $37,000. These Other Fire Services revenues are typically earned from Fire’ssupport and time at events held by the City and other entities. This decrease in anticipated revenues is based on Fire’s anticipated events for the remainder of the FY.
o Additionally, staff proposes an increase to Charges for Services for Vehicle Services of $33,108. This revenue is recorded as internal service revenue for the City’s Vehicle Replacement Program and will be offset by the increase in Allocation expenses.

Below is a summary of the Expenditure appropriations being requested:
· Staff proposes $294,847 in budgetary adjustments to the O&M Budget for the following reasons:
o The Police Department requested $112,416 in additional budget to cover High Profile Out of State case costs, and for PD Forensic lab services that have arisen over the course of the Third Quarter.
o Due to the rising fuel costs, staff proposes increasing the Fire and PD Vehicle fuel budgets by $56,600. Increasing PD’s fuel budget by $8,000 and the Fire’s fuel budget by $48,600. o The remaining budget appropriation requests in O&M total $125,831 for items that were either inadvertently excluded or items that have arisen since its adoption. · A Capital Outlay increase of $21,016 for the purchase of playground equipment for staff to repair the playground at Vintage Reserve Park within Lighting & Landscape District 12. · Allocations for the City’s Vehicle Replacement Program’s internal service allocation charge are proposed to increase by $33,108. This increase is due to updated estimates of the future costs of various Fire Department vehicles. This results in increases to annual Allocations for the General Fund CITY OF MURRIETA Printed on 5/28/2026Page 8 of 10
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and Measure T of $11,520 and $21,588, respectively.

Schedule of Authorized Positions
New positions, staffing changes, or position reclassifications are sometimes necessary to ensure operational efficiency and effectiveness. Staff is proposing no changes to the Schedule of Authorized Positions, and the total Full-Time Equivalent positions is 472.09. The full detail Schedule of Authorized Positions is included in this report as Attachment 5.

Fund Balance
The General Fund is projected to have an available or Unassigned Fund Balance of $30,749,916 at the end of Fiscal Year 2025/26. This balance takes into account a negative variance of approximately $3.9 million between budgeted Revenues and Expenditures (or use of Unassigned Fund Balance), a $7,365,435 million planned contribution to Operating Reserves, a planned use of reserves of Operating Reserves of $2,275,000, and Capital Improvement Project allocations of approximately $1.2 million.

Measure T Fund is projected to have an Unassigned Fund Balance of $18,640,711 at the end of the Fiscal Year. This balance takes into account an approx. $2.5 million negative variance between budgeted Revenues and Expenditures (or use of Unassigned Fund Balance), a $1,070,504 million planned contribution to Operating Reserves, $6,280,521 million planned use of reserve towards Capital Improvement Projects and the Vehicle Replacement Program, and Capital Improvement Project allocations totaling $4,649,767 million.

The most appropriate time to report the Unassigned Fund Balance is at the end of the fiscal year, typically upon completion of the audit and the Annual Comprehensive Financial Report. All other times are projections and subject to change.

The Fire District, Community Facilities District, and Library District Funds are projected to end the fiscal year with no available fund balance, as these departments’operations are supported by the Measure T Fund.

These funds will be true-up at the end of the fiscal year and reported in the Fourth Quarter budget update report. Below is a summarized version of this information. A complete list of the overall changes by fund is included in Attachment 4.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

CEQA AND REGULATORY OVERVIEW
This action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the CITY OF MURRIETA Printed on 5/28/2026Page 9 of 10
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1017
6/2/2026
Agenda Item No. 16.
environment, directly or indirectly.

FISCAL IMPACT
The proposed Third Quarter budgetary amendments to the Fiscal Year 2025/26 Operating Budget include a $348,971 net increase in Expenditures appropriation and a net $672,270 increase in revenue. Attachment 3 includes a comprehensive list of the requested appropriations by the General Ledger account.

ATTACHMENTS
ATT 1 - FY 2025/26 Third Quarter Budget to Actual Report - Major Funds ATT 2 - FY 2025/26 Third Quarter Budget to Actual Report - All Funds ATT 3 - Proposed Third Quarter Budget Requests
ATT 4 - Fund Balances for All Funds (Estimated)
ATT 5 - Fiscal Year 2025/26 Authorized Position List
CITY OF MURRIETA Printed on 5/28/2026Page 10 of 10
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1018
Fiscal Year 2025/26 Third Quarter Budget Summary of Major Funds FY 2025/26
Amended
Budget
FY 2025/26
YTD thru
3/31/2026
Variance
Amount
% of Budget
Used thru
3/31/2026
Proposed
Adjustments
%
Change
FY 2025/26
Proposed Amended
Budget
Revenues
Taxes-Sales Tax 55,421,017 $ 32,989,334$ 22,431,683$ 60% - $ 0% 55,421,017$ Taxes-Property 36,822,948 19,939,580 16,883,368 54% (185,354) -0.50% 36,637,594 Charges for Services 27,760,359 19,393,777 8,366,583 70% (3,892) -0.01% 27,756,467 Other Misc Revenue 38,991,334 32,612,954 6,378,380 84% 259,816 1% 39,251,150 Special Assessments 12,177,660 6,318,840 5,858,819 52% - 0% 12,177,660 Taxes-VLF/Property Tax Comp 11,555,300 6,078,617 5,476,683 53% 601,700 5% 12,157,000 Tax-Special Tax 9,412,035 5,033,908 4,378,127 53% - 0% 9,412,035 Taxes-Transient Occupancy Tax 2,663,600 1,828,296 835,304 69% - 0% 2,663,600 Taxes-Franchises 5,444,800 1,720,819 3,723,981 32% - 0% 5,444,800 Taxes-Other 3,118,289 2,071,855 1,046,434 66% - 0% 3,118,289 License/Permit Fees 2,007,900 1,652,672 355,228 82% - 0% 2,007,900 Taxes-Business Licenses 1,281,500 895,579 385,921 70% - 0% 1,281,500 Taxes-Property Transfer 710,100 466,309 243,791 66% - 0% 710,100 Loan/Bond/Lease Proceeds 3,000 2,998 2 100% - 0% 3,000 Total Revenue 207,369,842 $ 131,005,538$ 76,364,304$ 63% 672,270 $ 0.32% 208,042,111$ Expenditures
Personnel Costs 102,425,303 $ 71,275,160$ 31,150,143$ 70% - $ 0% 102,425,303$ Operations & Maintenance 67,047,708 39,908,940 27,138,768 60% 294,847 0.44% 67,342,555 Capital Outlay 5,586,101 2,223,892 3,362,209 40% 21,016 0.38% 5,607,117 Capital Improvement Plan Expenditures - 14,197,943 (14,197,943) 0% - 0% - One-Time Expenditure 1,316,087 299,951 1,016,135 23% - 0% 1,316,087 Allocations 12,642,395 9,735,211 2,907,184 77% 33,108 0.26% 12,675,502 Total Expenditures 189,017,593$ 137,641,096$ 51,376,497$ 73% 348,971 $ 0.18% 189,366,564$ Contributions to Unassigned Fund Balance18,352,248 323,299 18,675,547 Total Expenditures Sources 207,369,842$ 44,464,082 $ 208,042,111 $ Transfers
Transfer In 19,635,945 $ 16,094,520$ 3,541,425$ 82% - $ 0% 19,635,945$ Transfer Out 19,635,945 16,094,520 3,541,425 82% - 0% 19,635,945 Net Transfers - $ -$ -$ - $ - $

CITYWIDE
5/7/20261019
Fiscal Year 2025/26 Third Quarter Budget Summary of Major Funds FY 2025/26
Amended
Budget
FY 2025/26
YTD thru
3/31/2026
% of Budget
through
3/31/2026
Proposed
Adjustments % Change
FY 2025/26
Proposed Amended
Budget
Revenues
Taxes-Sales Tax 26,574,538 $ 15,816,456$ 60% - $ 0% 26,574,538$ Taxes-VLF/Property Tax Comp 11,555,300 6,078,617 53% 601,700 5% 12,157,000 Taxes-Property 12,657,754 7,256,667 57% (104,154) -1% 12,553,600 Other Misc Revenue 10,954,561 4,757,377 43% (1,200,000) -11% 9,754,561 Taxes-Franchises 5,386,800 1,704,852 32% - 0% 5,386,800 Charges for Services 5,354,079 2,817,712 53% - 0% 5,354,079 License/Permit Fees 1,992,700 1,649,739 83% - 0% 1,992,700 Special Assessments - - 0% - 0% - Taxes-Transient Occupancy Tax 2,663,600 1,828,296 69% - 0% 2,663,600 Taxes-Business Licenses 1,281,500 895,579 70% - 0% 1,281,500 Taxes-Property Transfer 710,100 466,309 66% - 0% 710,100 Loan/Bond/Lease Proceeds - - 0% - 0% - Transfer In 28,508 223 1% - 0% 28,508 Total Revenue 79,159,440 $ 43,271,828$ 55% (702,454) $ -1% 78,456,986$ Use of Unassigned Fund Balance 2,998,565 0% 3,942,343 Total Revenue Sources 82,158,005$ 0% 82,399,329 $
Expenditures
Personnel Costs 53,819,419 $ 37,983,418$ 71% 89,161 $ 0% 53,908,580$ Operations & Maintenance 14,647,612 8,439,459 58% 140,643 1% 14,788,255 Capital Outlay 492,995 463,792 94% - 0% 492,995 Capital Improvement Plan Expenditures - 1,552,471 0% - 0% - One-Time Expenditure 321,353 2,273 1% - 0% 321,353 Allocations 8,388,276 6,291,207 75% 11,520 0% 8,399,796 Transfer Out 4,488,350 3,410,013 76% - 0% 4,488,350 Total Expenditures 82,158,005$ 58,142,632$ 71% 241,324 $ 0% 82,399,329 $

GENERAL FUND
5/8/20261020
Fiscal Year 2025/26 Third Quarter Budget Summary of Major Funds FY 2025/26
Amended
Budget
FY 2025/26
YTD thru
3/31/2026
% of Budget
through
3/31/2026
Proposed
Adjustments % Change
FY 2025/26
Proposed Amended
Budget
Revenue
Taxes-Sales Tax 28,846,479 $ 17,172,879$ 60% - $ 0% 28,846,479$ Other Misc Revenue 35,000 469,686 1342% 1,200,000 3429% 1,235,000 Total Revenue 28,881,479 $ 17,642,564$ 61% 1,200,000 $ 4% 30,081,479 $ Use of Unassigned Fund Balance 3,626,152 0% 2,448,940 Total Revenue Sources 32,507,631$ 0% 32,530,419 $
Expenditures
Personnel Costs 13,773,687 $ 9,546,060$ 69% - $ 0% 13,773,687$ Operations & Maintenance 1,870,003 910,313 49% 1,200 0.07% 1,871,203 Capital Outlay 737,899 393,780 53% - 0% 737,899 Capital Improvement Plan Expenditures - 1,478,009 0% - 0% - One-Time Expenditure 449,549 219,156 49% - 0% 449,549 Allocations 1,713,990 1,285,493 75% 21,588 1.26% 1,735,578 Transfer Out 13,962,503 11,733,988 84% - 0% 13,962,503 Total Expenditures 32,507,631$ 25,566,797$ 79% 22,788 $ 0% 32,530,419 $

MEASURE T
5/8/20261021
Fiscal Year 2025/26 Third Quarter Budget Summary of Major Funds FY 2025/26
Amended
Budget
FY 2025/26
YTD thru
3/31/2026
% of Budget
Used thru
3/31/2026
Proposed
Adjustments % Change
FY 2025/26
Proposed Amended
Budget
Revenue
Taxes-Property 18,156,100$ 10,374,531$ 57% (74,200) $ -0.41% 18,081,900$ Other Misc Revenue 1,624,210 1,431,579 88% - 0% 1,624,210 Charges for Services 726,360 526,253 72% (37,000) -5% 689,360 Special Assessments 1,588,135 873,138 55% - 0% 1,588,135 License/Permit Fees 15,200 2,933 19% - 0% 15,200 Transfer In 6,245,501 4,766,985 76% - 0% 6,245,501 Total Revenue 28,355,506$ 17,975,418$ 63% (111,200) $ 0% 28,244,306 $ Use of Unassigned Fund Balance 181,124 340,744 Total Revenue Sources 28,536,630$ 0% 28,585,050 $
Expenditures
Personnel Costs 23,056,077$ 16,380,755$ 71% - $ 0% 23,056,077$ Operations & Maintenance 3,352,393 1,699,489 51% 48,420 2% 3,400,813 One-Time Expenditure 89,310 19,025 21% - 0% 89,310 Allocations 2,038,850 1,529,138 75% - 0% 2,038,850 Total Expenditures 28,536,630$ 19,628,406$ 69% 48,420 0% 28,585,050$

FIRE DISTRICT
5/7/20261022
Fiscal Year 2025/26 Third Quarter Budget Summary of Major Funds FY 2025/26
Amended
Budget
FY 2025/26
YTD thru
3/31/2026
% of Budget
Used thru
3/31/2026
Proposed
Adjustments % Change
FY 2025/26
Proposed Amended
Budget
Revenue
Special Assessments 2,113,400$ 1,180,859$ 56% - $ 0% 2,113,400$ Charges for Services 634,800 644,453 102% - 0% 634,800 Other Misc Revenue 221,200 142,258 64% - 0% 221,200 Transfer In 2,576,164 1,932,123 75% - 0% 2,576,164 Total Revenue 5,545,564 $ 3,899,692$ 70% - $ 0% 5,545,564$ Use of Unassigned Fund Balance 63,000
Total Revenue Sources 5,608,564$ 0% 5,545,564 $
Expenditures
Personnel Costs 2,167,556 $ 1,777,887$ 82% (89,161) $ -4% 2,078,394 $ Operations & Maintenance 3,483,970 2,435,289 70% 18,020 1% 3,501,990 Capital Outlay - 2,562 0% - 0% - One-Time Expenditure 101,500 35,195 35% - 0% 101,500 Allocations (694,142) (129,772) 19% - 0% (694,142) Internal Service Fund Allocations 549,680 274,840 50% - 0% 549,680 Transfer Out - - 0% - 0% - Total Expenditures 5,608,564$ 4,396,000$ 78% (71,141) $ -1% 5,537,422 $ Contribution to Fund Balance - 8,142 Total Expenditure Uses 5,608,564$ 5,545,564 $

COMMUNITY SERVICES DISTRICT
5/7/20261023
Fiscal Year 2025/26 Third Quarter Budget Summary of Major Funds FY 2025/26
Amended
Budget
FY 2025/26
YTD thru
3/31/2026
% of Budget
Used thru
3/31/2026
Proposed
Adjustments % Change
FY 2025/26
Proposed Amended
Budget
Revenue
Taxes-Property 3,153,200 $ 1,809,035$ 57% (7,000) $ 0% 3,146,200$ Other Misc Revenue 711,818 112,881 16% - 0% 711,818 Charges for Services 28,400 19,821 70% - 0% 28,400 Transfer In 92,395 69,296 75% - 0% 92,395 Total Revenue 3,985,813 $ 2,011,033$ 50% (7,000) $ 0% 3,978,813$ Expenditures
Personnel Costs 2,097,267 $ 1,413,716$ 67% - $ 0% 2,097,267$ Operations & Maintenance 862,626 479,844 56% 25,119 3% 887,745 One-Time Expenditure 7,375 - 0% - 0% 7,375 Allocations 391,330 293,497 75% - 0% 391,330 Total Expenditures 3,358,598$ 2,187,057$ 65% 25,119 $ 1% 3,383,717 $ Contribution to Fund Balance 627,215$ 595,096 $ Total Expenditure Uses 3,985,813$ 3,978,813 $

LIBRARY
5/7/20261024
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED

REVENUES
1100000 40001 Taxes-Property-Currentrent 10,182,000$ 10,182,000$ 5,719,453$ 56% 1100000 40002 Taxes-VLF/Property Tax Compty Tax Compensation11,555,300 11,555,300 6,078,617 53% 1100000 40003 Taxes-Current-Unsecuredcured 518,300 530,654 530,654 100% 1100000 40004 Taxes-Prior Year 392,600 392,600 277,620 71% 1100000 40006 Taxes-Current-Supplementallemental 448,500 448,500 122,780 27% 1100000 40007 Taxes-Current-SBOE 225,500 225,500 90,452 40% 1100000 40008 Taxes-Current-HOX 78,200 78,200 34,571 44% 1100000 40011 Taxes-RDA Disolution Distribon Distributions800,300 800,300 481,137 60% 1100000 40015 Taxes-Sales Tax Rev. Abatement2500 (199,462) (199,462) (47,679) 24% 1100000 40016 Taxes-Sales Tax2500 26,574,000 26,774,000 15,864,135 59% 1100000 40019 Taxes-Franchises 5,369,800 5,369,800 1,688,877 31% 1100000 40020 Taxes-Business Licenses 1,281,500 1,281,500 895,579 70% 1100000 40023 Taxes-Property TransferTax 710,100 710,100 466,309 66% 1100000 40024 Taxes-TOT STVR 113,600 113,600 74,622 66% 1100000 40025 Taxes-Transient Occupancy Tax 2,550,000 2,550,000 1,753,673 69% 1100000 40026 Taxes-Motor Vehicle Lic In Lie 162,500 169,255 169,255 100% 1100000 41110 Chrg for Svc-Waste Management 550,000 550,000 - 0% 1100000 42223 Intergvt Rev-County Reimb 25,400 25,400 - 0% 1100000 43402 Chrg for Svc-Admin CostCost 472,230 472,230 354,173 75% 1100000 44401 Interest-Income 5,052,900 5,052,900 1,494,356 30% 1100000 44421 Interest-To Be Distributed - - 1,715,595 0% 1100000 44422 Interest-Non Distributable 375,000 375,000 514,348 137% 1100000 44451 Interest-Unrealized Gain/LosseGain/Loss - - (2,465,522) 0% 1100000 44462 Lease/Rental-IncomeGain/Loss 3,100 3,100 - 0% 1100000 45539 Fines-Miscellaneous Fines 2,750 2,750 2,857 104% 1100000 47802 Misc-Directnl Sign ProgSign Program 4,000 18,600 9,300 50% 1100000 47853 Misc-OtherShort 258,100 58,100 76,819 132% 1100000 47899 Misc.-Prior Year RevenuesGovPartner - - 1,223 0% 1101400 47899 Misc.-Prior Year RevenuesGovPartner - - 5 0% 1101600 41169 License/Permit-MiscellaneousPermit 1,000 1,000 - 0% 1101600 42221 Intergvt Rev -State ReimbReimbursement 75,000 75,000 127,915 171% 1101600 47815 Misc-Reimbursements - - 1,120 0% 1101600 47853 Misc-OtherShort 400 400 440 110% 5/7/2026
1 1025
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1101600 47899 Misc.-Prior Year RevenuesGovPartner - - 17,627 0% 1102200 47853 Misc-OtherShort 200 200 16 8% 1102200 47899 Misc.-Prior Year RevenuesGovPartner - - 1 0% 1102400 41030 Chrg for Svc-ApplealsAdminFee 100 100 - 0% 1102400 43801 Chrg for Svc-PhotoCopy/MicroCopying/Microfilm63,600 63,600 56,675 89% 1102400 47853 Misc-OtherShort 1,500 1,500 609 41% 1102400 47899 Misc.-Prior Year RevenuesGovPartner - - 1 0% 1102600 41035 Chrg for Svc-CC Convenience Fe 1,700 1,700 885 52% 1102600 41121 License/Permit-Permit Issue FeIssue Fee 3,000 3,000 5,196 173% 1102600 43401 Chrg for Svc-CFD AdministrativAdministration149,000 158,549 118,911 75% 1102600 43414 Chrg for Svc-Recovery of Costsery of Costs 7,000 7,000 4,029 58% 1102600 44401 Interest-Income - - 3 0% 1102600 45539 Fines-Miscellaneous Fines 50,000 50,000 22,568 45% 1102600 47805 Misc-Bus Pass SalesSales 800 800 451 56% 1102600 47852 Misc-Cash Over/Short - - 167 0% 1102600 47853 Misc-OtherShort 4,400 4,400 2,706 61% 1102600 47899 Misc.-Prior Year RevenuesGovPartner - - 23 0% 1103120 41035 Chrg for Svc-CC Convenience Fe 1,800 1,800 2,303 128% 1103120 43625 Chrg for Svc-Police Services - 3,500 3,476 99% 1103120 47702 Misc-Donations - 500 - 0% 1103120 47815 Misc-Reimbursements 2,300 2,300 1,676 73% 1103120 47853 Misc-OtherShort 3,100 4,000 4,946 124% 1103120 47899 Misc.-Prior Year RevenuesGovPartner - - 1,132 0% 1103130 42224 Intergvt Rev-Other AgencyAgency 3,081,000 3,081,000 1,879,676 61% 1103130 47815 Misc-Reimbursements 12,000 12,000 11,468 96% 1103160 40019 Taxes-Franchises 17,000 17,000 15,975 94% 1103160 42223 Intergvt Rev-County ReimbRiembursement 8,000 8,000 10,000 125% 1103160 43612 Chrg for Svc-Police SecuritySecurity 30,000 30,000 3,489 12% 1103160 45501 Fines-Traffic Safety 113,000 113,000 16,667 15% 1103160 45523 Fines-P.C. 1202.5 63,500 63,500 66,733 105% 1103160 47853 Misc-OtherShort 4,400 4,400 3,733 85% 1103180 42221 Intergvt Rev -State ReimbReimbursement 284,700 284,700 207,409 73% 1103180 42222 Intergvt Rev-Federal ReimbReimbursement 185,000 185,000 118,004 64% 1103180 42223 Intergvt Rev-County ReimbRiembursement 197,000 197,000 93,195 47% 5/7/2026
2 1026
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1103180 42224 Intergvt Rev-Other AgencyAgency 683,500 683,500 341,467 50% 1103180 42255 Intergvt Rev-State P.O.S.T.P.O.S.T. 70,000 70,000 33,936 48% 1103180 43612 Chrg for Svc-Police SecuritySecurity 100,000 100,000 47,964 48% 1103180 43625 Chrg for Svc-Police ServicesServices 62,000 78,000 62,479 80% 1103180 47813 Misc-Other ReimbursementsSales 100 100 - 0% 1103180 47853 Misc-OtherShort 5,000 5,000 - 0% 1104140 41167 License/Permit-Temporary SignPermit - - 271 0% 1104140 42223 Intergvt Rev-County ReimbRiembursement 23,800 23,800 - 0% 1104140 42256 Intergvt Rev-Vehicle AbatementAbatement 14,000 14,000 1,732 12% 1104140 43421 Chrg for Services-Abatement 10,000 10,000 - 0% 1104140 43636 Chrg for Svc-Vector ControlControl 13,800 13,800 1,770 13% 1104140 45512 Fines-Administrative Citations 47,000 47,000 18,184 39% 1104140 47803 Misc-Vacant Home Property Registration 4,500 4,500 5,928 132% 1104140 47899 Misc.-Prior Year RevenuesGovPartner - - 511 0% 1104400 41121 License/Permit-Permit Issue FeIssue Fee 328,000 328,000 277,931 85% 1104400 41146 Lic/Permit-Permit Fee STVRPermits Non Residential12,000 12,000 10,646 89% 1104400 43301 Chrg for Svc-Plan ChecksChecks 444,600 494,600 188,717 38% 1104400 43305 Chrg for Svc-Inspection ChargeCharges 3,500 6,500 6,692 103% 1104400 43308 Chrg for Svc-General Plan FeePlan Fee 17,500 17,500 9,789 56% 1104400 47853 Misc-OtherShort 10,000 10,000 7,820 78% 1104400 47899 Misc.-Prior Year RevenuesGovPartner - - 8 0% 1104600 41132 License/Permit-Permits ResidenResidential 339,000 370,000 331,582 90% 1104600 41133 Lic/Permit-MiscPermits ResidenPermits Residential493,200 525,000 546,876 104% 1104600 41144 License/Permit-Permits Non ResNon Residential244,600 244,600 102,737 42% 1104600 41145 Lic/Permit-MiscPermits Non ResPermits Non Resident58,700 58,700 40,606 69% 1104600 41157 License & Permit-Misc.PermitPermit 129,200 129,200 96,795 75% 1104600 41169 License/Permit-MiscellaneousPermit 269,600 269,600 213,379 79% 1104600 42233 Intergvt Rev-SB118/AB1379 CASPAgency 23,000 23,000 10,055 44% 1104600 43301 Chrg for Svc-Plan ChecksChecks 877,900 877,900 613,824 70% 1104600 47853 Misc-OtherShort 31,500 31,500 24,115 77% 1104600 47899 Misc.-Prior Year RevenuesGovPartner - - 0.45 0% 1105000 41121 License/Permit-Permit Issue FeIssue Fee 9,000 9,000 4,568 51% 1105000 43726 Chrg for Svc-Special EventsEvents 38,500 38,500 7,009 18% 1105000 47705 Misc.-Donations/SponsorSponsors 16,000 33,800 21,850 65% 5/7/2026
3 1027
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1105000 47853 Misc-Other - - (51) 0% 1105000 47899 Misc.-Prior Year Revenues - - 3,965 0% 1105100 42223 Intergvt Rev-County ReimbRiembursement - - 4,105 0% 1105100 42224 Intergvt Rev-Other AgencyAgency - 90,921 93,113 102% 1106120 41121 License/Permit-Permit Issue FeIssue Fee 26,200 26,200 8,999 34% 1106120 41157 License & Permit-Misc.PermitPermit 7,900 7,900 3,761 48% 1106120 41158 License/Permit-TransportationPermit 8,500 8,500 6,392 75% 1106120 43301 Chrg for Svc-Plan ChecksChecks 1,683,100 1,683,100 903,526 54% 1106120 43305 Chrg for Svc-Inspection ChargeCharges 485,700 485,700 306,821 63% 1106120 43415 Chg for Svc-Reimb Damage Citye to City Property60,000 - (14,106) 0% 1106120 47853 Misc-OtherShort 85,800 85,800 53,066 62% 1106120 47899 Misc.-Prior Year RevenuesGovPartner - - 1 0% 1106145 47813 Misc-Other ReimbursementsSales 5,000 - - 0% 1106155 47817 Misc-LCFS Credits 31,200 - - 0% 1106160 47813 Misc-Other Reimbursements 100 - - 0% 1106545 47813 Misc-Other Reimbursements - 5,000 - 0% 1106550 43415 Chg for Svc-Reimb Damage City - 60,000 9,276 15% 1106555 43805 Chrg for Svc-EV Charging - 200,000 130,010 65% 1106555 47817 Misc-LCFS Credits - 31,200 28,520 91% 1106555 47845 Misc-Sale of Non-Capital AsCapital Assets - 2,535 2,534 100% 1106560 47813 Misc-Other Reimbursements - 100 - 0% 1110000 40015 Taxes-Sales Tax Rev. Abatement2500 (19,921) (19,921) (1,937) 10% 1110000 40016 Taxes-Sales Tax2500 28,716,400 28,866,400 17,174,816 59% 1110000 44401 Interest-Income - - 469,686 0% 1110000 44422 Interest-Non Distributable - 35,000 - 0% 1180000 44401 Interest-Income 2,400 2,400 1,891 79% 1180030 45501 Fines-Traffic Safety 12,500 12,500 14,306 114% 1193120 42221 Intergvt Rev -State ReimbReimbursement 6,000 6,000 - 0% 1193120 45534 Fines-False Alarm 65,000 65,000 33,799 52% 1270000 44401 Interest-Income 75,000 75,000 20,364 27% 1270060 46601 Develop Partic-Developer Impac 71,900 325,537 510,361 157% 1280000 44401 Interest-Income 337,000 337,000 137,275 41% 1290000 44401 Interest-Income 15,000 15,000 6,584 44% 1290060 46601 Develop Partic-Developer Impac 24,600 161,936 200,897 124% 5/7/2026
4 1028
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1300000 44401 Interest-Income 70,000 70,000 31,808 45% 1300060 46601 Develop Partic-Developer Impac 48,900 235,059 428,706 182% 1310000 44401 Interest-Income 10,000 10,000 45,640 456% 1310060 46601 Develop Partic-Developer Impac 32,900 537,901 280,546 52% 1320000 44401 Interest-Income 64,000 64,000 25,582 40% 1330000 44401 Interest-Income 242,000 242,000 111,338 46% 1330060 46601 Develop Partic-Developer Impac 298,600 2,504,481 3,166,901 126% 1340000 44401 Interest-Income 205,000 205,000 91,303 45% 1340060 46601 Develop Partic-Developer Impac 125,200 382,512 359,320 94% 1350000 44401 Interest-Income 428,000 428,000 180,065 42% 1360000 44401 Interest-Income 142,000 142,000 69,898 49% 1360060 46601 Develop Partic-Developer Impac 127,500 457,927 776,285 170% 1370000 44401 Interest-Income 75,000 75,000 36,536 49% 1370060 46601 Develop Partic-Developer Impac 47,600 264,319 470,928 178% 1380000 44401 Interest-Income 445,000 445,000 242,632 55% 1380060 46601 Develop Partic-Developer Impac 829,000 4,049,606 4,394,225 109% 1400000 44401 Interest-Income 2,000 2,000 361 18% 1410000 44401 Interest-Income 7,500 7,500 5,457 73% 1510000 40001 Taxes-Property-Currentrent 14,341,900 14,341,900 8,013,940 56% 1510000 40003 Taxes-Current-Unsecuredcured 730,300 730,300 743,535 102% 1510000 40004 Taxes-Prior Year 555,600 555,600 389,826 70% 1510000 40006 Taxes-Current-Supplementallemental 632,000 632,000 172,036 27% 1510000 40007 Taxes-Current-SBOE 295,700 295,700 117,089 40% 1510000 40008 Taxes-Current-HOX 98,600 98,600 48,440 49% 1510000 40011 Taxes-RDA Disolution Distribon Distributions1,502,000 1,502,000 889,664 59% 1510000 44401 Interest-Income 106,200 106,200 4,503 4% 1510000 44462 Lease/Rental-IncomeGain/Loss 124,500 124,500 93,082 75% 1510000 47702 Miscellaneous-Donations 5,100 5,100 5,820 114% 1510000 47813 Misc-Other ReimbursementsSales 58,000 58,000 - 0% 1510000 47821 Misc-Special Events-BarbequeBarbeque 34,000 34,000 - 0% 1510000 47853 Misc-OtherShort 4,100 4,100 439 11% 1513520 40041 Spec Assess-Unit of Benefit Assessment 1,575,207 1,575,207 857,188 54% 1513520 40042 Spec Assess-Unit of Benefit Prior Year 12,928 12,928 15,950 123% 1513520 42221 Intergvt Rev -State ReimbReimbursement 1,000,000 1,262,310 1,290,300 102% 5/7/2026
5 1029
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1513520 43301 Chrg for Svc-Plan ChecksChecks 275,700 275,700 210,716 76% 1513520 43305 Chrg for Svc-Inspection ChargeCharges 207,600 207,600 101,092 49% 1513520 43573 Chrg for Svc-Fire EngineeringEngineering 81,100 81,100 44,133 54% 1513520 43579 Chrg for Svc-Other Fire ServicServices 43,600 43,600 6,253 14% 1513520 45520 Fines-AML System Enhancement 30,000 30,000 29,385 98% 1513520 47852 Misc-Cash Over/Short - - 0.40 0% 1513520 47899 Misc.-Prior Year RevenuesGovPartner - - 8,013 0% 1513580 47899 Misc.-Prior Year RevenuesGovPartner - - 37 0% 1513590 41169 License/Permit-MiscellaneousPermit 15,200 15,200 2,933 19% 1513590 43305 Chrg for Svc-Inspection ChargeCharges 36,960 36,960 16,520 45% 1513590 43580 Chrg for Svc-Annual Business IBusiness Inspections37,900 37,900 35,247 93% 1513590 43583 Chrg for Svc-State Mandated InMandated Inspections43,500 43,500 112,293 258% 1610000 44401 Interest-Income - - 11,486 0% 1710000 44401 Interest-Income 40,000 40,000 - 0% 1715120 43726 Chrg for Svc-Special Events 2,600 - - 0% 1715120 47706 Misc.-Donate-Military BannerMilitary Banner Progra300 - 44 0% 1715120 47815 Misc-Reimbursements 200 - - 0% 1715120 47853 Misc-OtherShort 21,000 - 15,238 0% 1715120 47899 Misc.-Prior Year RevenuesGovPartner - - 1 0% 1715144 40052 Spec Assess-Measure WW Rates & 824,300 824,300 460,535 56% 1715144 41035 Chrg for Svc-CC Convenience Fe 18,600 18,600 11,930 64% 1715144 43711 Chrg for Svc-Recreation Prograation Programs385,875 385,875 328,039 85% 1715144 43712 Chrg for Svc-Park UsageUsage 8,000 8,000 13,414 168% 1715144 43713 Chrg for Svc-Adult & Youth Spolt and Youth Sports5,200 5,200 (9) 0% 1715144 43714 Chrg for Svc-Pool ProgramsPrograms 2,600 2,600 1,818 70% 1715144 43715 Chrg for Svc-Rec MembershipsPark Membership fees17,100 17,100 12,662 74% 1715144 43726 Chrg for Svc-Special EventsEvents 3,500 3,500 3,628 104% 1715144 44401 Interest-Income - - 3,766 0% 1715144 44461 Lease/Rental-Community RoomGain/Loss 21,500 21,500 15,179 71% 1715144 44462 Lease/Rental-IncomeGain/Loss 20,700 20,700 16,271 79% 1715144 47705 Misc.-Donations/SponsorSponsors - 2,000 2,000 100% 1715144 47815 Misc-Reimbursements - - 2,860 0% 1715144 47852 Misc-Cash Over/Short - - 6 0% 1715162 40052 Spec Assess-Measure WW Rates & 1,289,100 - 719,856 0% 5/7/2026
6 1030
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1715162 43301 Chrg for Svc-Plan ChecksChecks 2,800 - - 0% 1715162 43305 Chrg for Svc-Inspection ChargeCharges 1,125 - - 0% 1715162 43712 Chrg for Svc-Park UsageUsage - - 1,854 0% 1715162 43737 Chg for Ser-Field Electrc Rmbric Reimbursement120,100 - 76,169 0% 1715162 44401 Interest-Income 12,200 - - 0% 1715162 44462 Lease/Rental-IncomeGain/Loss 102,100 - 70,587 0% 1715162 47702 Miscellaneous-Donations 200 - - 0% 1715162 47853 Misc-OtherShort 1,000 - 400 0% 1715166 43712 Chrg for Svc-Park UsageUsage 67,300 67,300 85,961 128% 1716520 43726 Chrg for Svc-Special EventsEvents - 2,600 8,098 311% 1716520 47706 Misc.-Donate-Military BannerMilitary Banner Progra- 300 100 33% 1716520 47815 Misc-Reimbursements - 200 3,418 1709% 1716520 47853 Misc-OtherShort - 21,000 1,127 5% 1716562 40052 Spec Assess-Measure WW Rates & - 1,289,100 468 0% 1716562 43301 Chrg for Svc-Plan ChecksChecks - 2,800 - 0% 1716562 43305 Chrg for Svc-Inspection ChargeCharges - 1,125 - 0% 1716562 43737 Chg for Ser-Field Electrc Rmbric Reimbursement- 120,100 100,889 84% 1716562 44401 Interest-Income - 12,200 2,408 20% 1716562 44462 Lease/Rental-IncomeGain/Loss - 102,100 8,802 9% 1716562 47702 Miscellaneous-Donations - 200 - 0% 1716562 47853 Misc-OtherShort - 1,000 50 5% 1800050 40051 Spec Assess-Rates & Charges& Charges 1,772,100 1,772,100 976,123 55% 1810050 40051 Spec Assess-Rates & Charges& Charges 197,000 197,000 108,510 55% 1820050 40051 Spec Assess-Rates & Charges& Charges 483,700 483,700 266,461 55% 1830050 40051 Spec Assess-Rates & Charges& Charges 43,900 43,900 24,188 55% 1840050 40051 Spec Assess-Rates & Charges& Charges 105,900 105,900 58,336 55% 1850050 40051 Spec Assess-Rates & Charges& Charges 15,100 15,100 8,300 55% 1860050 40051 Spec Assess-Rates & Charges& Charges 57,900 57,900 31,872 55% 1880050 40051 Spec Assess-Rates & Charges& Charges 141,900 141,900 78,161 55% 1890050 40051 Spec Assess-Rates & Charges& Charges 4,900 4,900 2,689 55% 2000000 44401 Interest-Income 2,000 2,000 454 23% 2000050 40053 Spec Assess-LLD 535,585 535,585 278,703 52% 2020000 44401 Interest-Income 3,300 3,300 1,524 46% 2020050 40053 Spec Assess-LLD 152,234 152,234 77,146 51% 5/7/2026
7 1031
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
2030000 44401 Interest-Income 200 200 236 118% 2030050 40053 Spec Assess-LLD 20,028 20,028 13,093 65% 2040000 44401 Interest-Income 4,700 4,700 1,996 42% 2040050 40053 Spec Assess-LLD 58,882 58,882 30,897 52% 2050000 44401 Interest-Income 100 100 12 12% 2050050 40053 Spec Assess-LLD 29,514 29,514 15,951 54% 2060000 44401 Interest-Income 2,600 2,600 1,017 39% 2060050 40053 Spec Assess-LLD 19,338 19,338 10,300 53% 2070000 44401 Interest-Income 900 900 272 30% 2070050 40053 Spec Assess-LLD 32,272 32,272 16,962 53% 2080000 44401 Interest-Income 5,000 5,000 1,469 29% 2080050 40053 Spec Assess-LLD 151,834 151,834 77,028 51% 2090000 44401 Interest-Income 1,100 1,100 308 28% 2090050 40053 Spec Assess-LLD 58,921 58,921 30,597 52% 2100050 40053 Spec Assess-LLD 158,675 158,675 75,424 48% 2110050 40053 Spec Assess-LLD 51,236 51,236 28,446 56% 2120000 44401 Interest-Income 50,000 50,000 23,229 46% 2120050 40053 Spec Assess-LLD 709,241 709,241 380,053 54% 2130050 40053 Spec Assess-LLD 321,386 321,386 169,482 53% 2140000 44401 Interest-Income 600 600 645 107% 2140050 40053 Spec Assess-LLD 59,369 59,369 30,520 51% 2150000 44401 Interest-Income 400 400 - 0% 2150050 40053 Spec Assess-LLD 125,236 125,236 65,918 53% 2160000 44401 Interest-Income 16,000 16,000 4,864 30% 2160050 40053 Spec Assess-LLD 655,076 655,076 338,160 52% 2170000 44401 Interest-Income 4,800 4,800 1,997 42% 2170050 40053 Spec Assess-LLD 64,367 64,367 35,201 55% 2180000 44401 Interest-Income 2,400 2,400 386 16% 2180050 40053 Spec Assess-LLD 111,065 111,065 58,410 53% 2190000 44401 Interest-Income 6,000 6,000 - 0% 2190050 40053 Spec Assess-LLD 438,916 438,916 227,981 52% 2200000 44401 Interest-Income 7,300 7,300 1,805 25% 2200050 40053 Spec Assess-LLD 191,441 191,441 103,202 54% 2210000 44401 Interest-Income 19,000 19,000 5,567 29% 5/7/2026
8 1032
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
2210050 40053 Spec Assess-LLD 323,778 323,778 167,746 52% 2220000 44401 Interest-Income 200 200 152 76% 2220050 40053 Spec Assess-LLD 7,602 7,602 4,101 54% 2230000 44401 Interest-Income 10,500 10,500 4,336 41% 2230050 40053 Spec Assess-LLD 197,982 197,982 105,085 53% 2240000 44401 Interest-Income 200 200 201 100% 2240050 40053 Spec Assess-LLD 38,574 38,574 19,996 52% 2250000 44401 Interest-Income 18,000 18,000 4,513 25% 2250050 40053 Spec Assess-LLD 365,557 365,557 188,698 52% 2260000 44401 Interest-Income 1,000 1,000 403 40% 2260050 40053 Spec Assess-LLD 12,616 12,616 6,786 54% 2270000 44401 Interest-Income 10,500 10,500 4,600 44% 2270050 40053 Spec Assess-LLD 92,979 92,979 46,770 50% 2280000 44401 Interest-Income 400 400 280 70% 2280050 40053 Spec Assess-LLD 74,159 74,159 38,680 52% 2290000 44401 Interest-Income 500 500 207 41% 2290050 40053 Spec Assess-LLD 9,341 9,341 3,737 40% 2310000 44401 Interest-Income - - 915 0% 2310050 40053 Spec Assess-LLD 64,521 64,521 33,254 52% 2320000 40018 Taxes-Special Taxes Mello-Roos - - 4,350 0% 2340000 40018 Taxes-Special Taxes Mello-Roos - - 25,398 0% 3020000 44401 Interest-Income 495,000 495,000 224,406 45% 3020060 42211 Intergvt Rev-Local TransportatTransportation funds3,329,000 3,329,000 2,194,823 66% 3060000 40031 Taxes-2103 Gas Tax 1,007,460 1,007,460 722,816 72% 3060000 40032 Taxes-2105 Gas Tax 704,736 704,736 453,743 64% 3060000 40033 Taxes-2106 Gas Tax 444,287 444,287 292,135 66% 3060000 40034 Taxes-2107 Gas Tax 961,806 961,806 603,160 63% 3060000 44401 Interest-Income 419,100 419,100 166,712 40% 3070000 42221 Intergvt Rev -State ReimbReimbursement 2,904,570 2,904,570 1,773,472 61% 3070000 44401 Interest-Income 231,000 231,000 117,921 51% 3110000 40001 Taxes-Property-Currentrent 2,545,400 2,545,400 1,426,265 56% 3110000 40003 Taxes-Current-Unsecuredcured 129,600 129,600 132,329 102% 3110000 40004 Taxes-Prior Year 98,300 98,300 69,325 71% 3110000 40006 Taxes-Current-Supplementallemental 112,100 112,100 30,618 27% 5/7/2026
9 1033
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
3110000 40007 Taxes-Current-SBOE 44,200 44,200 17,024 39% 3110000 40008 Taxes-Current-HOX 17,500 17,500 8,621 49% 3110000 40011 Taxes-RDA Disolution Distribon Distributions206,100 206,100 124,853 61% 3110000 44401 Interest-Income 53,700 53,700 20,253 38% 3110000 44461 Lease/Rental-Community RoomGain/Loss 7,000 7,000 435 6% 3110000 47804 Misc-Lost Book ReplacementReplacement 2,750 2,750 2,255 82% 3110000 47848 Misc-Promotional Item SalesCapital Assets 225 225 75 33% 3110050 41035 Chrg for Svc-CC Convenience Fe 800 800 574 72% 3110050 43801 Chrg for Svc-PhotoCopy/MicroCopying/Microfilm11,900 11,900 8,748 74% 3110050 43802 Chrg for Svc-Notary ServicesServices 600 600 315 53% 3110050 43803 Chrg for Svc-Passport Servicesort Services 15,100 15,100 10,183 67% 3110050 45539 Fines-Miscellaneous Fines 16,500 16,500 11,476 70% 3110050 47701 Donation-Friends of the Librarof the Library 77,500 77,500 64,150 83% 3110050 47702 Miscellaneous-Donations 547,193 547,193 11,534 2% 3110050 47815 Misc-Reimbursements 6,750 6,750 2,702 40% 3115900 47705 Misc.-Donations/SponsorSponsors - 200 - 0% 3115900 47899 Misc.-Prior Year RevenuesGovPartner - - 0.33 0% 3160000 44401 Interest-Income 165,000 165,000 73,370 44% 3190000 44401 Interest-Income 100 100 - 0% 3190060 42224 Intergvt Rev-Other AgencyAgency - 56,263 - 0% 3220000 44401 Interest-Income 15,000 15,000 7,281 49% 3220000 44422 Interest-Non Distributable 48,000 48,000 - 0% 3220000 47853 Misc-OtherShort 6,500 6,500 - 0% 3230000 44401 Interest-Income 80,000 80,000 18,373 23% 3360000 44401 Interest-Income 32,000 32,000 17,363 54% 3360060 42232 Intergvt Rev-AB2766 FundsAgency 143,000 143,000 110,872 78% 3380000 44401 Interest-Income 2,000 2,000 1,997 100% 3380000 47810 Misc-Lawsuit Settlementsement 168,000 168,000 79,243 47% 3410010 42222 Intergvt Rev-Federal ReimbReimbursement 590,000 590,000 493,055 84% 3500030 42224 Intergvt Rev-Other AgencyAgency - 2,500 227,442 9098% 3530000 44401 Interest-Income 8,000 8,000 5,264 66% 3530010 42221 Intergvt Rev -State ReimbReimbursement - - 275,566 0% 3530050 42221 Intergvt Rev -State ReimbReimbursement 29,840 29,840 17,804 60% 3530050 42224 Intergvt Rev-Other AgencyAgency - - 27,847 0% 5/7/2026
10 1034
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
3550000 44401 Interest-Income - - 544 0% 3550030 42221 Intergvt Rev -State ReimbReimbursement - 120,000 - 0% 3550030 42222 Intergvt Rev-Federal ReimbReimbursement - 186,000 101,244 54% 3570050 42221 Intergvt Rev -State ReimbReimbursement - 14,760 796,305 5395% 3570050 42222 Intergvt Rev-Federal ReimbReimbursement - - 763 0% 3580000 44401 Interest-Income - - 52,677 0% 3580030 42221 Intergvt Rev -State ReimbReimbursement - 211,234 48,182 23% 3580050 42221 Intergvt Rev -State ReimbReimbursement - 2,972,052 4,373,757 147% 3580050 42223 Intergvt Rev-County ReimbRiembursement - - 191,521 0% 3610000 44401 Interest-Income 20 20 18 88% 3740000 44401 Interest-Income 75,000 75,000 6,078 8% 3760030 42222 Intergvt Rev-Federal ReimbReimbursement - 15,978 41,234 258% 3770010 42222 Intergvt Rev-Federal Reimb - - 244,997 0% 3770030 42222 Intergvt Rev-Federal ReimbReimbursement - - 579,526 0% 3770050 42222 Intergvt Rev-Federal ReimbReimbursement - - 177,531 0% 3800000 44401 Interest-Income - - 55 0% 3800060 42222 Intergvt Rev-Federal ReimbReimbursement - - 2,318 0% 4020000 44401 Interest-Income 750 750 266 35% 4020030 42221 Intergvt Rev -State ReimbReimbursement 8,000 8,000 3,703 46% 4030000 44401 Interest-Income 10,000 10,000 4,168 42% 4040000 44401 Interest-Income 6,000 6,000 6,682 111% 4040030 42222 Intergvt Rev-Federal Reimb - - 259,816 0% 4050000 44401 Interest-Income - - 531 0% 4110000 44401 Interest-Income 3,300 3,300 - 0% 4110030 42221 Intergvt Rev -State ReimbReimbursement 355,900 355,900 229,523 64% 4310000 44401 Interest-Income 45,000 45,000 19,318 43% 4316120 40051 Spec Assess-Rates & Charges& Charges 522,000 522,000 31,877 6% 5020000 44401 Interest-Income 6,200 6,200 2,648 43% 5110000 44401 Interest-Income 14,000 14,000 5,877 42% 5130000 44401 Interest-Income 50,000 50,000 17,152 34% 5510000 44401 Interest-Income 232,500 232,500 98,463 42% 5510060 46601 Develop Partic-Developer Impac 327,300 327,300 201,170 61% 5760000 44401 Interest-Income 12,000 12,000 36,272 302% 6010000 40013 Taxes-RDA Increment 02-24992499 48,700 48,700 - 0% 5/7/2026
11 1035
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
6020000 40013 Taxes-RDA Increment 02-24992499 2,807,194 2,807,194 499,347 18% 6020000 44401 Interest-Income 17,000 17,000 23,559 139% 6550000 44401 Interest-Income - - 149 0% 6560000 40018 Taxes-Special Taxes Mello-Roos 3,619,488 3,619,488 3,029,065 84% 6560000 44401 Interest-Income 72,000 72,000 41,245 57% 6570000 40018 Taxes-Special Taxes Mello-Roos 627,638 627,638 538,544 86% 6570000 44401 Interest-Income 13,700 13,700 (6,433) -47% 6580000 40018 Taxes-Special Taxes Mello-Roos 3,491,875 3,491,875 2,978,250 85% 6580000 44401 Interest-Income 52,000 52,000 (319) -1% 7010000 44401 Interest-Income 40,000 40,000 144,295 361% 7010000 44451 Interest-Unrealized Gain/LosseGain/Loss - - (8,958) 0% 7018100 43416 Chrg for Srv-Ins Recov/Subrogance/Subrogation/Rest- - 500 0% 7018100 43913 Chrg for Svc-Risk ManagementManagement14,160,853 14,160,853 10,244,495 72% 7018100 44401 Interest-Income 21,100 21,100 - 0% 7018100 44451 Interest-Unrealized Gain/LosseGain/Loss - - (749) 0% 7018100 47813 Misc-Other ReimbursementsSales 2,500 72,500 73,636 102% 7018100 47899 Misc.-Prior Year RevenuesGovPartner - - 295 0% 7150000 44401 Interest-Income 40,000 40,000 129,168 323% 7150000 81020 Proceeds from Sale of CapitalAssets - 3,000 2,998 100% 7158200 43924 Chrg for Svc-Vehicle Services 1,937,961 1,937,961 1,453,470 75% 7260000 44401 Interest-Income 115,000 115,000 45,571 40% 7268340 40019 Taxes-Franchises 58,000 58,000 15,967 28% 7268340 43901 Chrg for Svc-GIS ProcessingProcessing 18,500 18,500 12,516 68% 7268340 43902 Chrg for Svc-Information Technrmation Technology4,899,407 4,899,407 3,674,555 75% 7268340 47899 Misc.-Prior Year RevenuesGovPartner - - 0.01 0% 8100000 44401 Interest-Income 20,000 20,000 7,942 40% 8110000 40018 Taxes-Special Taxes Mello-Roos 1,673,035 1,673,035 (1,541,699) -92% 8110000 44401 Interest-Income 300,000 300,000 198,744 66% TOTAL REVENUES 195,464,253$ 207,369,842$ 131,005,538$ 63% 5/7/2026
12 1036
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED

EXPENDITURES
1100060 64080 Supplies-Office - $ -$ 18$ 0% 1100060 64360 Training & Development - - 294 0% 1101000 51080 Part-Time Salary (PARS) 92,250 92,250 61,495 67% 1101000 52450 Benefit-Worker's Compensation 2,934 2,934 1,906 65% 1101000 53200 Benefit-PARS Retirement 1,199 1,199 799 67% 1101000 53700 Taxes-FICA/Medicare Employer 1,350 1,350 892 66% 1101000 53980 Vacancy Factor (3,909) (3,909) - 0% 1101000 62440 Other-Special Dept Expenditure 3,000 3,000 1,171 39% 1101000 62520 Other-Suspense-Expenses - - 270 0% 1101000 62720 Printing 700 700 540 77% 1101000 62960 Program-Community Relations - - 44 0% 1101000 63120 Program-Marketing 500 500 560 112% 1101000 63880 Subscription-Membership, Dues, & Publications500 500 342 68% 1101000 64080 Supplies-Office 1,500 1,500 332 22% 1101000 64360 Training & Development 43,755 43,755 21,963 50% 1101000 64640 Utilities-Telephone 5,000 5,000 2,633 53% 1101000 69100 Srvcs-Information Technology 16,600 16,600 12,450 75% 1101000 69200 Liab & Property Ins Charges 5,990 5,990 4,493 75% 1101200 60440 Contract Srvcs-Legal 483,660 483,660 231,811 48% 1101400 51020 Salary & Wages 1,441,142 1,575,346 978,787 62% 1101400 51040 Overtime 1,000 1,000 - 0% 1101400 51044 FLSA Overtime - - 15 0% 1101400 51080 Part-Time Salary (PARS) - - 18,823 0% 1101400 51100 Leave-Administrative Buyout Leave 26,420 26,420 1,398 5% 1101400 51110 Leave-Annual Buyoutave 204,780 204,780 39,774 19% 1101400 51120 Leave-Compensated Absences/S - - 1,100 0% 1101400 51140 Leave-Holiday Buyout 7,150 7,150 1,761 25% 1101400 52000 Allowance-Auto 7,056 7,056 8,248 117% 1101400 52200 Allowance-Mobile CommunicationDevice 2,371 2,371 2,651 112% 1101400 52400 Benefit-ADD/ Life Insurance 10,144 10,144 2,444 24% 1101400 52450 Benefit-Worker's Compensation 11,537 11,537 7,484 65% 1101400 52700 Benefit-Deferred CompensationMatching - - 7,398 0% 5/7/2026
13 1037
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1101400 52701 Benefit-Deferred Comp NTWD401aMatching - - 27,367 0% 1101400 52800 Benefit-Dental 11,311 11,311 6,602 58% 1101400 53000 Benefit-Short/Long Term Disability 16,360 16,360 3,043 19% 1101400 53100 Benefit-Retiree Medicals 31,000 31,000 7,527 24% 1101400 53200 Benefit-PARS Retirement - - 245 0% 1101400 53300 Benefit-PERS Health 138,384 138,384 119,445 86% 1101400 53400 Benefit-PERS Retirement 257,247 257,247 171,197 67% 1101400 53500 Benefit-Tuition Reimb. - - 3,500 0% 1101400 53600 Benefit-Vision 4,247 4,247 2,449 58% 1101400 53700 Taxes-FICA/Medicare Employer 20,926 20,926 15,659 75% 1101400 53800 Taxes-Unemployment Insurance - - 2,250 0% 1101400 53980 Vacancy Factor (103,627) (103,627) - 0% 1101400 60440 Contract Srvcs-Legal 16,680 16,680 2,634 16% 1101400 60480 Contract Srvcs-Other 13,500 13,500 15,527 115% 1101400 62440 Other-Special Dept Expenditure 8,300 8,300 4,933 59% 1101400 62520 Other-Suspense-Expenses - - 12,087 0% 1101400 62680 Postage 2,000 2,000 1,034 52% 1101400 62720 Printing 500 500 720 144% 1101400 63120 Program-Marketing 43,000 43,000 44,219 103% 1101400 63880 Subscription-Membership, Dues, & Publications4,335 4,335 3,991 92% 1101400 64080 Supplies-Office 1,000 1,000 1,009 101% 1101400 64360 Training & Development 38,039 38,039 15,624 41% 1101400 69100 Srvcs-Information Technology 180,250 180,250 135,187 75% 1101400 69200 Liab & Property Ins Charges 142,140 142,140 106,605 75% 1101600 51040 Overtime - - 1,002 0% 1101600 53100 Benefit-Retiree Medicals 1,102,470 1,102,470 871,006 79% 1101600 53300 Benefit-PERS Health - - 5,010 0% 1101600 53400 Benefit-PERS Retirement - - 10,813 0% 1101600 53980 Vacancy Factor (44,099) (44,099) - 0% 1101600 60015 TOT Agreement 427,180 427,180 240,955 56% 1101600 60320 Contract Srvcs-Consultant 12,500 233,929 9,448 4% 1101600 60480 Contract Srvcs-Other 233,200 274,882 145,109 53% 1101600 60520 Contract Srvcs-Property Tax 115,500 115,500 - 0% 1101600 60840 Equipment-Furniture < $5000 5,000 5,000 - 0% 5/7/2026
14 1038
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1101600 61050 Fees-Misc Admin - - 1 0% 1101600 61560 Other Interest Expense - 13,885 10,694 77% 1101600 61680 Fees-Penalties/Late Fees - - 86 0% 1101600 61720 Fees-Property Taxes 16,500 16,500 16,261 99% 1101600 61910 Lease-Facility Rent - 101,282 75,046 74% 1101600 62000 Maintenance-Building - 58,416 70,900 121% 1101600 62280 Other-City Manager Contingency 200,000 184,640 37,735 20% 1101600 62440 Other-Special Dept Expenditure 21,000 35,984 12,549 35% 1101600 62520 Other-Suspense-Expenses - - 7,453 0% 1101600 62680 Postage - - 272 0% 1101600 62720 Printing 4,000 4,000 - 0% 1101600 62800 Prior Period Expense - - 2,613 0% 1101600 62960 Program-Community Relations 80,912 80,912 - 0% 1101600 63880 Subscription-Membership, Dues, & Publications76,716 89,076 109,821 123% 1101600 64360 Training & Development 6,245 6,245 - 0% 1101600 64520 Utilities-Electric - 13,000 10,596 82% 1101600 64600 Utilities-Natural Gas - 350 76 22% 1101600 69200 Liab & Property Ins Charges 30,609 30,609 22,957 75% 1101600 69300 Srvcs-Fleet Maintenance 10,360 10,360 7,770 75% 1101700 62440 Other-Special Dept Expenditure - - 66 0% 1101700 64200 Supplies-Safety - - 76 0% 1101800 60480 Contract Srvcs-Other 1,000 1,000 311 31% 1101800 62440 Other-Special Dept Expenditure 131,140 131,140 95,863 73% 1101800 62800 Prior Period Expense - - 244 0% 1101800 63480 Srvcs-Animal Control Services 431,075 467,506 447,008 96% 1102100 51020 Salary & Wages 515,000 515,000 311,585 61% 1102100 51044 FLSA Overtime - - 2 0% 1102100 51080 Part-Time Salary (PARS) - - 423 0% 1102100 51100 Leave-Administrative Buyout Leave 16,230 16,230 8,260 51% 1102100 51110 Leave-Annual Buyoutave 220 220 - 0% 1102100 51140 Leave-Holiday Buyout 1,970 1,970 - 0% 1102100 52000 Allowance-Auto 3,600 3,600 2,473 69% 1102100 52200 Allowance-Mobile CommunicationDevice 720 720 494 69% 1102100 52400 Benefit-ADD/ Life Insurance 2,600 2,600 614 24% 5/7/2026
15 1039
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1102100 52450 Benefit-Worker's Compensation 4,120 4,120 2,394 58% 1102100 52700 Benefit-Deferred CompensationMatching - - 1,000 0% 1102100 52701 Benefit-Deferred Comp NTWD401aMatching - - 3,400 0% 1102100 52800 Benefit-Dental 5,050 5,050 2,449 49% 1102100 53000 Benefit-Short/Long Term Disability 5,905 5,905 888 15% 1102100 53200 Benefit-PARS Retirement - - 5 0% 1102100 53300 Benefit-PERS Health 47,970 47,970 38,911 81% 1102100 53400 Benefit-PERS Retirement 85,300 85,300 58,940 69% 1102100 53600 Benefit-Vision 1,896 1,896 909 48% 1102100 53700 Taxes-FICA/Medicare Employer 7,480 7,480 4,654 62% 1102100 53980 Vacancy Factor (27,922) (27,922) - 0% 1102100 60440 Contract Srvcs-Legal - - 176 0% 1102100 60480 Contract Srvcs-Other - 5,453 3,405 62% 1102100 62440 Other-Special Dept Expenditure 2,000 2,000 467 23% 1102100 62520 Other-Suspense-Expenses - - 294 0% 1102100 63880 Subscription-Membership, Dues, & Publications1,440 1,440 330 23% 1102100 64080 Supplies-Office 2,000 2,000 178 9% 1102100 64360 Training & Development 14,491 14,491 5,439 38% 1102100 69100 Srvcs-Information Technology 96,260 96,260 72,195 75% 1102100 69200 Liab & Property Ins Charges 41,620 41,620 31,215 75% 1102200 51020 Salary & Wages 574,900 574,900 404,642 70% 1102200 51040 Overtime 600 600 325 54% 1102200 51044 FLSA Overtime - - 40 0% 1102200 51110 Leave-Annual Buyoutave 12,880 12,880 8,869 69% 1102200 51120 Leave-Compensated Absences/S 340 340 - 0% 1102200 51140 Leave-Holiday Buyout 5,390 5,390 - 0% 1102200 52200 Allowance-Mobile CommunicationDevice 480 480 330 69% 1102200 52400 Benefit-ADD/ Life Insurance 3,433 3,433 875 25% 1102200 52450 Benefit-Worker's Compensation 4,604 4,604 3,112 68% 1102200 52700 Benefit-Deferred CompensationMatching - - 7,399 0% 1102200 52800 Benefit-Dental 6,312 6,312 4,258 67% 1102200 53000 Benefit-Short/Long Term Disability 8,779 8,779 1,670 19% 1102200 53100 Benefit-Retiree Medicals 2,000 2,000 948 47% 1102200 53300 Benefit-PERS Health 72,370 72,370 69,324 96% 5/7/2026
16 1040
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1102200 53400 Benefit-PERS Retirement 87,100 87,100 70,274 81% 1102200 53600 Benefit-Vision 2,370 2,370 1,580 67% 1102200 53700 Taxes-FICA/Medicare Employer 8,350 8,350 6,044 72% 1102200 53980 Vacancy Factor (31,311) (31,311) - 0% 1102200 60020 Advertising 6,000 6,000 3,249 54% 1102200 60440 Contract Srvcs-Legal 300,000 337,327 101,719 30% 1102200 60480 Contract Srvcs-Other 72,500 105,424 20,897 20% 1102200 62440 Other-Special Dept Expenditure 40,450 40,450 14,575 36% 1102200 62520 Other-Suspense-Expenses - - 4,400 0% 1102200 62680 Postage 1,000 1,000 651 65% 1102200 62800 Prior Period Expense - - 1,625 0% 1102200 63640 Pre-Employment Expenses 140,140 140,140 54,813 39% 1102200 63760 Staff-Recruitment Expense 10,500 10,500 4,237 40% 1102200 63880 Subscription-Membership, Dues, & Publications8,222 8,222 5,643 69% 1102200 64080 Supplies-Office 4,000 4,000 701 18% 1102200 64360 Training & Development 32,967 32,967 11,651 35% 1102200 69100 Srvcs-Information Technology 210,870 210,870 158,153 75% 1102200 69200 Liab & Property Ins Charges 46,670 46,670 35,003 75% 1102400 51020 Salary & Wages 690,200 606,626 395,620 65% 1102400 51040 Overtime 8,050 7,032 1,373 20% 1102400 51044 FLSA Overtime - - 865 0% 1102400 51100 Leave-Administrative Buyout Leave 1,160 1,160 1,841 159% 1102400 51110 Leave-Annual Buyoutave 13,240 13,240 22,087 167% 1102400 51120 Leave-Compensated Absences/S - - 1 0% 1102400 51140 Leave-Holiday Buyout 4,960 4,960 - 0% 1102400 52000 Allowance-Auto 3,600 3,600 2,473 69% 1102400 52200 Allowance-Mobile CommunicationDevice 1,680 1,468 1,228 84% 1102400 52400 Benefit-ADD/ Life Insurance 3,354 2,930 829 28% 1102400 52450 Benefit-Worker's Compensation 4,575 3,997 2,996 75% 1102400 52700 Benefit-Deferred CompensationMatching - - 3,560 0% 1102400 52701 Benefit-Deferred Comp NTWD401aMatching - - 1,474 0% 1102400 52800 Benefit-Dental 7,574 6,617 3,827 58% 1102400 53000 Benefit-Short/Long Term Disability 9,062 7,917 1,408 18% 1102400 53100 Benefit-Retiree Medicals 2,000 2,000 1,272 64% 5/7/2026
17 1041
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1102400 53300 Benefit-PERS Health 99,640 87,045 57,227 66% 1102400 53400 Benefit-PERS Retirement 99,200 86,661 71,368 82% 1102400 53600 Benefit-Vision 2,844 2,485 1,422 57% 1102400 53700 Taxes-FICA/Medicare Employer 10,140 8,858 6,174 70% 1102400 53980 Vacancy Factor (35,131) (30,690) - 0% 1102400 60040 Advertising-Legal 25,000 25,000 13,806 55% 1102400 60440 Contract Srvcs-Legal 254,450 254,450 100,754 40% 1102400 60480 Contract Srvcs-Other 29,800 143,713 68,862 48% 1102400 60920 Equipment-Software < $5000 86,157 86,157 61,751 72% 1102400 62080 Maintenance-Equipment 500 500 10 2% 1102400 62160 Maintenance-Software Licenses 119,613 119,613 112,070 94% 1102400 62440 Other-Special Dept Expenditure 4,000 4,000 855 21% 1102400 62520 Other-Suspense-Expenses - - 620 0% 1102400 62680 Postage 300 300 733 244% 1102400 62720 Printing 700 700 241 34% 1102400 63520 Srvcs-Elections - - 147 0% 1102400 63880 Subscription-Membership, Dues, & Publications3,000 3,000 2,659 89% 1102400 64080 Supplies-Office 3,500 3,500 1,030 29% 1102400 64360 Training & Development 5,320 5,320 3,365 63% 1102400 64640 Utilities-Telephone - 500 320 64% 1102400 69100 Srvcs-Information Technology 194,880 194,880 146,160 75% 1102400 69200 Liab & Property Ins Charges 52,470 52,470 39,353 75% 1102600 51020 Salary & Wages 1,626,600 1,626,600 1,050,977 65% 1102600 51040 Overtime 400 400 93 23% 1102600 51044 FLSA Overtime - - 903 0% 1102600 51100 Leave-Administrative Buyout Leave 13,230 13,230 2,235 17% 1102600 51110 Leave-Annual Buyoutave 47,970 47,970 17,734 37% 1102600 51120 Leave-Compensated Absences/S 6,450 6,450 29 0% 1102600 51140 Leave-Holiday Buyout 5,940 5,940 - 0% 1102600 52000 Allowance-Auto 3,600 3,600 2,473 69% 1102600 52200 Allowance-Mobile CommunicationDevice 1,200 1,200 824 69% 1102600 52400 Benefit-ADD/ Life Insurance 8,350 8,350 2,234 27% 1102600 52450 Benefit-Worker's Compensation 12,423 12,423 8,084 65% 1102600 52700 Benefit-Deferred CompensationMatching - - 18,861 0% 5/7/2026
18 1042
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1102600 52701 Benefit-Deferred Comp NTWD401aMatching - - 3,400 0% 1102600 52800 Benefit-Dental 20,198 20,198 12,986 64% 1102600 53000 Benefit-Short/Long Term Disability 22,908 22,908 4,405 19% 1102600 53100 Benefit-Retiree Medicals 7,980 7,980 5,088 64% 1102600 53300 Benefit-PERS Health 240,220 240,220 221,174 92% 1102600 53400 Benefit-PERS Retirement 268,700 268,700 195,415 73% 1102600 53600 Benefit-Vision 7,584 7,584 4,819 64% 1102600 53700 Taxes-FICA/Medicare Employer 24,080 24,080 15,507 64% 1102600 53800 Taxes-Unemployment Insurance - - 2,763 0% 1102600 53980 Vacancy Factor (92,440) (92,440) - 0% 1102600 60200 Contract Srvcs-Audit 60,600 60,600 40,468 67% 1102600 60320 Contract Srvcs-Consultant - - 844 0% 1102600 60440 Contract Srvcs-Legal 41,250 41,250 9,246 22% 1102600 60480 Contract Srvcs-Other 61,682 61,682 31,732 51% 1102600 60520 Contract Srvcs-Property Tax 98,000 98,000 102,130 104% 1102600 60800 Equipment < $5000 3,700 3,700 - 0% 1102600 60840 Equipment-Furniture < $5000 15,000 15,000 4,472 30% 1102600 61000 Fees-Bank Administration 10,500 22,900 24,934 109% 1102600 61200 Fees-Credit Card Merchant 5,300 5,300 3,050 58% 1102600 61480 Fees-Investment Admin Expense 49,000 49,000 24,191 49% 1102600 62160 Maintenance-Software Licenses 62,500 63,750 68,358 107% 1102600 62520 Other-Suspense-Expenses - - 2,402 0% 1102600 62680 Postage 10,500 10,500 9,741 93% 1102600 62720 Printing 4,658 4,658 5,257 113% 1102600 62800 Prior Period Expense - - 404 0% 1102600 63127 Program-Bus Passes 500 500 855 171% 1102600 63360 Program-Special Events - - 125 0% 1102600 63760 Staff-Recruitment Expense 300 300 - 0% 1102600 63880 Subscription-Membership, Dues, & Publications5,706 5,706 5,960 104% 1102600 64080 Supplies-Office 5,800 5,800 3,832 66% 1102600 64280 Training-Conference/Meeting 17,500 17,500 8,102 46% 1102600 64360 Training & Development 6,748 6,748 456 7% 1102600 64370 Travel-Mileage - - 336 0% 1102600 69100 Srvcs-Information Technology 374,817 374,817 281,113 75% 5/7/2026
19 1043
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1102600 69200 Liab & Property Ins Charges 136,510 136,510 102,382 75% 1103120 51020 Salary & Wages 449,140 449,140 291,503 65% 1103120 51040 Overtime 4,500 4,500 - 0% 1103120 51044 FLSA Overtime - - 350 0% 1103120 51100 Leave-Administrative Buyout Leave 6,320 6,320 - 0% 1103120 51110 Leave-Annual Buyoutave 32,830 32,830 19,943 61% 1103120 51120 Leave-Compensated Absences/S 710 710 - 0% 1103120 51140 Leave-Holiday Buyout 7,770 7,770 - 0% 1103120 51200 POST/Educational Certificate Pay 12,939 12,939 - 0% 1103120 52200 Allowance-Mobile CommunicationDevice 480 480 492 102% 1103120 52300 Allowance-Uniform 1,850 1,850 1,271 69% 1103120 52400 Benefit-ADD/ Life Insurance 1,507 1,507 582 39% 1103120 52450 Benefit-Worker's Compensation 42,505 42,505 23,941 56% 1103120 52700 Benefit-Deferred CompensationMatching - - 1,099 0% 1103120 52701 Benefit-Deferred Comp NTWD401aMatching - - 1,771 0% 1103120 52800 Benefit-Dental 2,525 2,525 1,703 67% 1103120 53000 Benefit-Short/Long Term Disability 3,908 3,908 683 17% 1103120 53100 Benefit-Retiree Medicals 3,990 3,990 2,220 56% 1103120 53300 Benefit-PERS Health 41,610 41,610 28,996 70% 1103120 53400 Benefit-PERS Retirement 175,400 175,400 135,316 77% 1103120 53600 Benefit-Vision 948 948 632 67% 1103120 53700 Taxes-FICA/Medicare Employer 6,580 6,580 4,578 70% 1103120 53980 Vacancy Factor (31,820) (31,820) - 0% 1103120 60440 Contract Srvcs-Legal 59,370 59,370 79,123 133% 1103120 60480 Contract Srvcs-Other 879,133 959,133 660,280 69% 1103120 60880 Equipment-Safety 43,700 49,891 55,272 111% 1103120 61200 Fees-Credit Card Merchant - - 1,750 0% 1103120 61440 Fees-Filing 2,650 2,650 904 34% 1103120 61960 Maintenance-General Maint/Repa 6,500 6,500 295 5% 1103120 62000 Maintenance-Building 180,819 180,819 92,111 51% 1103120 62120 Maintenance-Radio Equipment 5,000 5,000 3,815 76% 1103120 62160 Maintenance-Software Licenses 28,197 36,187 27,934 77% 1103120 62200 Maintenance-Vehicle 371,900 371,900 207,228 56% 1103120 62210 Misc. Vehicle Expense - - 96 0% 5/7/2026
20 1044
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1103120 62220 Vehicle Fuel 450,000 450,000 315,592 70% 1103120 62440 Other-Special Dept Expenditure 30,500 30,500 12,398 41% 1103120 62520 Other-Suspense-Expenses - - 3,403 0% 1103120 62680 Postage 12,000 12,000 6,693 56% 1103120 62720 Printing 22,500 22,500 14,437 64% 1103120 62800 Prior Period Expense - - 2,090 0% 1103120 63040 Program-Dare 5,000 5,000 - 0% 1103120 63060 Program-Citizens AcademyAcademy 5,500 5,500 3,987 72% 1103120 63065 Program-ExplorerExplorer 12,000 12,000 9,179 76% 1103120 63160 Program-Police Athletic League 1,000 1,000 - 0% 1103120 63360 Program-Special Events - 8,000 8,438 105% 1103120 63440 Program-Youth Court 5,000 5,000 3,392 68% 1103120 63800 Staff-Uniform Expense 14,200 14,200 12,495 88% 1103120 63880 Subscription-Membership, Dues, & Publications23,105 23,105 20,081 87% 1103120 64040 Supplies-Maintenance 15,000 15,000 7,722 51% 1103120 64080 Supplies-Office 45,000 45,000 17,343 39% 1103120 64200 Supplies-Safety 94,600 94,600 27,883 29% 1103120 64280 Training-Conference/Meeting 1,500 1,500 208 14% 1103120 64520 Utilities-Electric 140,000 140,000 88,460 63% 1103120 64600 Utilities-Natural Gas 10,000 10,000 3,178 32% 1103120 64640 Utilities-Telephone 116,000 116,000 104,357 90% 1103120 64660 Utilities-Water 16,000 16,000 - 0% 1103120 69100 Srvcs-Information Technology 590,580 590,580 442,935 75% 1103120 69200 Liab & Property Ins Charges 70,710 70,710 53,033 75% 1103120 69300 Srvcs-Fleet Maintenance 781,673 781,673 586,255 75% 1103120 71030 Machinery & Equipment 244,575 244,575 244,575 100% 1103120 71060 Vehicles - 233,620 204,417 87% 1103130 51020 Salary & Wages 2,781,570 2,781,570 1,867,361 67% 1103130 51040 Overtime 473,400 473,400 316,669 67% 1103130 51044 FLSA Overtime - - 52,713 0% 1103130 51060 Part-Time Salary (PERS) 159,440 159,440 115,209 72% 1103130 51070 Part-Time Salary (none) 39,990 39,990 - 0% 1103130 51110 Leave-Annual Buyoutave 33,920 33,920 7,782 23% 1103130 51120 Leave-Compensated Absences/S 12,710 12,710 5,583 44% 5/7/2026
21 1045
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1103130 51140 Leave-Holiday Buyout 61,700 61,700 14,482 23% 1103130 51170 Leave-Personal BuyoutBuyout 30 30 - 0% 1103130 51200 POST/Educational Certificate Pay 16,800 16,800 11,812 70% 1103130 52300 Allowance-Uniform 15,600 15,600 13,778 88% 1103130 52400 Benefit-ADD/ Life Insurance 9,979 9,979 2,556 26% 1103130 52450 Benefit-Worker's Compensation 27,762 27,762 18,252 66% 1103130 52700 Benefit-Deferred CompensationMatching - - 33,487 0% 1103130 52800 Benefit-Dental 37,872 37,872 24,470 65% 1103130 53000 Benefit-Short/Long Term Disability 47,473 47,473 8,177 17% 1103130 53100 Benefit-Retiree Medicals 3,990 3,990 2,544 64% 1103130 53300 Benefit-PERS Health 450,410 450,410 385,729 86% 1103130 53400 Benefit-PERS Retirement 545,600 545,600 406,137 74% 1103130 53500 Benefit-Tuition Reimb. - - 2,835 0% 1103130 53600 Benefit-Vision 14,220 14,220 9,085 64% 1103130 53700 Taxes-FICA/Medicare Employer 50,120 50,120 35,267 70% 1103130 53980 Vacancy Factor (191,303) (191,303) - 0% 1103130 60480 Contract Srvcs-Other 23,500 47,001 17,943 38% 1103130 60800 Equipment < $5000 10,000 10,000 6,319 63% 1103130 62080 Maintenance-Equipment 500 500 1,291 258% 1103130 62160 Maintenance-Software Licenses 266,306 266,306 20,239 8% 1103130 62520 Other-Suspense-Expenses - - 6,138 0% 1103130 62720 Printing - - 39 0% 1103130 62800 Prior Period Expense - - 65 0% 1103130 63120 Program-Marketing - - 8 0% 1103130 63460 Program-Happiness Comm - - 2,446 0% 1103130 63880 Subscription-Membership, Dues, & Publications2,798 2,798 3,441 123% 1103130 64080 Supplies-Office 2,500 2,500 2,222 89% 1103130 64280 Training-Conference/Meeting 1,000 1,000 1,374 137% 1103130 64320 Training-POST 10,000 10,000 7,015 70% 1103130 64360 Training & Development 22,238 22,238 14,592 66% 1103130 64480 Utilities-Communications 110,716 110,716 75,725 68% 1103130 64640 Utilities-Telephone 11,100 11,100 5,796 52% 1103130 69100 Srvcs-Information Technology 125,440 125,440 94,080 75% 1103130 69200 Liab & Property Ins Charges 293,640 293,640 220,230 75% 5/7/2026
22 1046
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1103160 51020 Salary & Wages 9,034,000 9,034,000 6,108,366 68% 1103160 51040 Overtime 1,628,000 1,628,000 1,272,942 78% 1103160 51044 FLSA Overtime - - 87,907 0% 1103160 51080 Part-Time Salary (PARS) 18,030 18,030 7,400 41% 1103160 51100 Leave-Administrative Buyout Leave 16,860 16,860 5,811 34% 1103160 51110 Leave-Annual Buyoutave 186,000 186,000 116,966 63% 1103160 51120 Leave-Compensated Absences/S 107,610 107,610 51,559 48% 1103160 51140 Leave-Holiday Buyout 488,050 488,050 267,180 55% 1103160 51160 Leave-Sick Buyout 570 570 - 0% 1103160 51170 Leave-Personal BuyoutBuyout 6,350 6,350 - 0% 1103160 51200 POST/Educational Certificate Pay 339,066 339,066 32,400 10% 1103160 52100 Allowance-Safety - - 4,806 0% 1103160 52300 Allowance-Uniform 100,800 100,800 74,429 74% 1103160 52400 Benefit-ADD/ Life Insurance 11,603 11,603 2,856 25% 1103160 52450 Benefit-Worker's Compensation 1,225,840 1,225,840 736,524 60% 1103160 52700 Benefit-Deferred CompensationMatching - - 126,001 0% 1103160 52800 Benefit-Dental 74,482 74,482 51,300 69% 1103160 53000 Benefit-Short/Long Term Disability 39,655 39,655 10,533 27% 1103160 53100 Benefit-Retiree Medicals 21,950 21,950 13,992 64% 1103160 53200 Benefit-PARS Retirement 234 234 96 41% 1103160 53300 Benefit-PERS Health 1,119,970 1,119,970 901,323 80% 1103160 53400 Benefit-PERS Retirement 3,053,100 3,053,100 2,423,167 79% 1103160 53500 Benefit-Tuition Reimb. - - 7,385 0% 1103160 53600 Benefit-Vision 27,966 27,966 18,407 66% 1103160 53700 Taxes-FICA/Medicare Employer 154,870 154,870 112,580 73% 1103160 53950 Recovered Costs-Benefit Allocfit Allocation - - (7,501) 0% 1103160 53980 Vacancy Factor (706,200) (706,200) - 0% 1103160 61960 Maintenance-General Maint/Repa 11,500 11,500 2,023 18% 1103160 62160 Maintenance-Software Licenses 200 200 8,585 4293% 1103160 62520 Other-Suspense-Expenses - - 39,954 0% 1103160 63050 Program-SWAT 30,000 30,000 19,335 64% 1103160 63880 Subscription-Membership, Dues, & Publications210 210 - 0% 1103160 63960 Supplies-K-9 32,000 31,400 19,689 63% 1103160 69100 Srvcs-Information Technology 348,160 348,160 261,120 75% 5/7/2026
23 1047
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1103160 69200 Liab & Property Ins Charges 1,168,880 1,168,880 876,660 75% 1103160 71030 Machinery & Equipment 14,200 14,800 14,800 100% 1103180 51020 Salary & Wages 8,053,405 8,053,405 4,937,501 61% 1103180 51040 Overtime 912,390 912,390 806,687 88% 1103180 51044 FLSA Overtime - - 53,191 0% 1103180 51100 Leave-Administrative Buyout Leave 13,210 13,210 8,411 64% 1103180 51110 Leave-Annual Buyoutave 284,270 284,270 94,210 33% 1103180 51120 Leave-Compensated Absences/S 39,730 39,730 29,299 74% 1103180 51140 Leave-Holiday Buyout 329,730 329,730 202,952 62% 1103180 51170 Leave-Personal BuyoutBuyout 7,290 7,290 - 0% 1103180 51200 POST/Educational Certificate Pay 245,849 245,849 25,920 11% 1103180 52100 Allowance-Safety - - 2,987 0% 1103180 52200 Allowance-Mobile CommunicationDevice 1,920 1,920 1,319 69% 1103180 52300 Allowance-Uniform 76,500 76,500 50,109 66% 1103180 52400 Benefit-ADD/ Life Insurance 16,357 16,357 3,530 22% 1103180 52450 Benefit-Worker's Compensation 896,747 896,747 508,301 57% 1103180 52700 Benefit-Deferred CompensationMatching - - 97,531 0% 1103180 52800 Benefit-Dental 72,588 72,588 44,579 61% 1103180 53000 Benefit-Short/Long Term Disability 51,450 51,450 10,746 21% 1103180 53100 Benefit-Retiree Medicals 35,560 35,560 20,028 56% 1103180 53300 Benefit-PERS Health 1,019,780 1,019,780 797,146 78% 1103180 53400 Benefit-PERS Retirement 2,909,000 2,909,000 2,005,126 69% 1103180 53500 Benefit-Tuition Reimb. - - 25,893 0% 1103180 53600 Benefit-Vision 27,255 27,255 16,540 61% 1103180 53700 Taxes-FICA/Medicare Employer 133,875 133,875 88,618 66% 1103180 53980 Vacancy Factor (615,971) (615,971) - 0% 1103180 60480 Contract Srvcs-Other 95,110 95,110 28,132 30% 1103180 60800 Equipment < $5000 10,000 10,000 - 0% 1103180 60880 Equipment-Safety 8,000 8,000 2,338 29% 1103180 61560 Other Interest Expense 2,400 2,400 264 11% 1103180 62160 Maintenance-Software Licenses 67,550 67,550 73,354 109% 1103180 62520 Other-Suspense-Expenses - - 32,799 0% 1103180 62800 Prior Period Expense - - 205 0% 1103180 63400 Program-Undercover/Investigative Expense 20,000 20,000 31,823 159% 5/7/2026
24 1048
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1103180 63880 Subscription-Membership, Dues, & Publications11,726 11,726 4,310 37% 1103180 63960 Supplies-K-9 - - 278 0% 1103180 64080 Supplies-Office 5,000 5,000 7,024 140% 1103180 64200 Supplies-Safety 24,234 24,234 18,483 76% 1103180 64320 Training-POST 186,810 186,810 126,249 68% 1103180 64360 Training & Development 188,298 188,298 123,384 66% 1103180 64480 Utilities-Communications 18,875 18,875 6,981 37% 1103180 69100 Srvcs-Information Technology 425,950 425,950 319,462 75% 1103180 69200 Liab & Property Ins Charges 913,500 913,500 685,125 75% 1103520 69300 Srvcs-Fleet Maintenance 296,839 296,839 222,630 75% 1104100 51020 Salary & Wages 604,200 567,937 327,104 58% 1104100 51100 Leave-Administrative Buyout Leave 11,150 11,150 - 0% 1104100 51110 Leave-Annual Buyoutave 10,260 10,260 15,145 148% 1104100 51140 Leave-Holiday Buyout 4,880 4,880 - 0% 1104100 52000 Allowance-Auto 3,600 3,600 2,473 69% 1104100 52200 Allowance-Mobile CommunicationDevice 1,200 1,200 494 41% 1104100 52400 Benefit-ADD/ Life Insurance 3,644 3,644 674 18% 1104100 52450 Benefit-Worker's Compensation 4,834 4,834 2,514 52% 1104100 52700 Benefit-Deferred CompensationMatching - - 3,014 0% 1104100 52701 Benefit-Deferred Comp NTWD401aMatching - - 2,153 0% 1104100 52800 Benefit-Dental 5,050 5,050 2,555 51% 1104100 53000 Benefit-Short/Long Term Disability 7,763 7,763 1,007 13% 1104100 53300 Benefit-PERS Health 76,220 76,220 42,431 56% 1104100 53400 Benefit-PERS Retirement 94,200 94,200 52,197 55% 1104100 53600 Benefit-Vision 1,896 1,896 948 50% 1104100 53700 Taxes-FICA/Medicare Employer 8,770 8,770 4,918 56% 1104100 53980 Vacancy Factor (33,507) (33,507) - 0% 1104100 60020 Advertising 10,000 10,000 3,992 40% 1104100 60440 Contract Srvcs-Legal 21,520 21,520 15,114 70% 1104100 60480 Contract Srvcs-Other 50,000 50,000 7,500 15% 1104100 62170 Maintenance-MIC 5,000 5,000 97 2% 1104100 62200 Maintenance-Vehicle 2,000 2,000 - 0% 1104100 62520 Other-Suspense-Expenses - - 2,286 0% 1104100 62680 Postage 1,000 1,000 57 6% 5/7/2026
25 1049
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1104100 62720 Printing 500 500 370 74% 1104100 62800 Prior Period Expense - - 2,697 0% 1104100 62976 Program- ICSC 50,000 50,000 9,489 19% 1104100 62977 Program-Innovation CenterCenter 22,500 22,500 - 0% 1104100 62978 Program-Shop Local ProgramCenter 40,000 40,000 5,872 15% 1104100 62979 Program-Data AnalysisCenter 30,000 30,000 - 0% 1104100 63120 Program-Marketing 46,500 46,500 11,058 24% 1104100 63121 Program-MIC Marketing 20,000 20,000 9,215 46% 1104100 63880 Subscription-Membership, Dues, & Publications47,500 47,500 30,470 64% 1104100 63881 Subscription-MIC MembershpDues& Publications8,500 8,500 2,150 25% 1104100 63921 Supplies-MIC 1,500 1,500 - 0% 1104100 64080 Supplies-Office 1,500 1,500 163 11% 1104100 64440 Travel-Official Meetings - - 159 0% 1104100 69100 Srvcs-Information Technology 27,530 27,530 20,648 75% 1104100 69200 Liab & Property Ins Charges 52,130 52,130 39,098 75% 1104100 69300 Srvcs-Fleet Maintenance 10,476 10,476 7,857 75% 1104140 51020 Salary & Wages 597,310 597,310 409,158 69% 1104140 51040 Overtime 8,700 8,700 3,924 45% 1104140 51044 FLSA Overtime - - 605 0% 1104140 51110 Leave-Annual Buyoutave 620 620 559 90% 1104140 51140 Leave-Holiday Buyout 830 830 - 0% 1104140 52000 Allowance-Auto 360 360 247 69% 1104140 52200 Allowance-Mobile CommunicationDevice 72 72 49 69% 1104140 52300 Allowance-Uniform 4,000 4,000 2,748 69% 1104140 52400 Benefit-ADD/ Life Insurance 2,399 2,399 653 27% 1104140 52450 Benefit-Worker's Compensation 12,184 12,184 9,456 78% 1104140 52700 Benefit-Deferred CompensationMatching - - 6,704 0% 1104140 52701 Benefit-Deferred Comp NTWD401aMatching - - 226 0% 1104140 52800 Benefit-Dental 7,701 7,701 5,089 66% 1104140 53000 Benefit-Short/Long Term Disability 9,015 9,015 1,717 19% 1104140 53300 Benefit-PERS Health 98,359 98,359 95,475 97% 1104140 53400 Benefit-PERS Retirement 103,170 103,170 79,893 77% 1104140 53600 Benefit-Vision 2,891 2,891 1,888 65% 1104140 53700 Taxes-FICA/Medicare Employer 8,933 8,933 5,867 66% 5/7/2026
26 1050
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1104140 53980 Vacancy Factor (34,262) (34,262) - 0% 1104140 60440 Contract Srvcs-Legal 95,290 95,290 41,561 44% 1104140 60480 Contract Srvcs-Other 77,000 77,000 9,537 12% 1104140 62520 Other-Suspense-Expenses - - 407 0% 1104140 62680 Postage 5,000 5,000 4,071 81% 1104140 62720 Printing 3,500 3,500 1,916 55% 1104140 63880 Subscription-Membership, Dues, & Publications1,500 1,500 907 60% 1104140 64080 Supplies-Office 3,500 3,500 374 11% 1104140 64200 Supplies-Safety 465 465 290 62% 1104140 64360 Training & Development 4,227 4,227 1,700 40% 1104140 64640 Utilities-Telephone 6,000 6,000 3,487 58% 1104140 69100 Srvcs-Information Technology 60,200 60,200 45,150 75% 1104140 69200 Liab & Property Ins Charges 60,940 60,940 45,705 75% 1104140 69300 Srvcs-Fleet Maintenance 28,223 28,223 21,167 75% 1104400 51020 Salary & Wages 1,651,310 1,651,310 1,075,712 65% 1104400 51040 Overtime 5,880 5,880 (384) -7% 1104400 51044 FLSA Overtime - - 1,128 0% 1104400 51100 Leave-Administrative Buyout Leave 2,270 2,270 2,053 90% 1104400 51110 Leave-Annual Buyoutave 24,570 24,570 13,979 57% 1104400 51140 Leave-Holiday Buyout 6,120 6,120 - 0% 1104400 52000 Allowance-Auto 2,520 2,520 1,731 69% 1104400 52200 Allowance-Mobile CommunicationDevice 504 504 568 113% 1104400 52400 Benefit-ADD/ Life Insurance 9,995 9,995 2,142 21% 1104400 52450 Benefit-Worker's Compensation 17,794 17,794 11,538 65% 1104400 52700 Benefit-Deferred CompensationMatching - - 20,274 0% 1104400 52701 Benefit-Deferred Comp NTWD401aMatching - - 1,581 0% 1104400 52800 Benefit-Dental 16,032 16,032 10,288 64% 1104400 53000 Benefit-Short/Long Term Disability 24,280 24,280 4,038 17% 1104400 53100 Benefit-Retiree Medicals 6,150 6,150 3,816 62% 1104400 53300 Benefit-PERS Health 224,063 224,063 166,792 74% 1104400 53400 Benefit-PERS Retirement 294,090 294,090 212,326 72% 1104400 53600 Benefit-Vision 6,020 6,020 3,816 63% 1104400 53700 Taxes-FICA/Medicare Employer 24,041 24,041 16,263 68% 1104400 53980 Vacancy Factor (92,068) (92,068) - 0% 5/7/2026
27 1051
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1104400 60040 Advertising-Legal 20,000 20,000 9,584 48% 1104400 60080 Commission-Planning 12,000 12,000 - 0% 1104400 60320 Contract Srvcs-Consultant 12,000 39,220 11,928 30% 1104400 60440 Contract Srvcs-Legal 52,390 52,390 77,332 148% 1104400 60480 Contract Srvcs-Other 575,000 782,208 169,285 22% 1104400 62520 Other-Suspense-Expenses - - 2,695 0% 1104400 62680 Postage 7,500 7,500 1,324 18% 1104400 62720 Printing 2,000 2,000 - 0% 1104400 62800 Prior Period Expense - - 3,237 0% 1104400 63880 Subscription-Membership, Dues, & Publications5,000 5,000 5,224 104% 1104400 64080 Supplies-Office 3,000 3,000 519 17% 1104400 64280 Training-Conference/Meeting - - 14,976 0% 1104400 64360 Training & Development 12,740 12,740 3,087 24% 1104400 64640 Utilities-Telephone - - 307 0% 1104400 69100 Srvcs-Information Technology 258,030 258,030 193,523 75% 1104400 69200 Liab & Property Ins Charges 138,540 138,540 103,905 75% 1104600 51020 Salary & Wages 1,377,800 1,404,012 955,739 68% 1104600 51040 Overtime 5,460 5,460 776 14% 1104600 51044 FLSA Overtime - - 122 0% 1104600 51100 Leave-Administrative Buyout Leave 4,000 4,000 - 0% 1104600 51110 Leave-Annual Buyoutave 21,430 21,430 1,119 5% 1104600 51120 Leave-Compensated Absences/S 620 620 - 0% 1104600 51140 Leave-Holiday Buyout 4,500 4,500 - 0% 1104600 52000 Allowance-Auto 720 720 494 69% 1104600 52200 Allowance-Mobile CommunicationDevice 1,104 1,104 1,088 99% 1104600 52400 Benefit-ADD/ Life Insurance 5,021 5,146 1,458 28% 1104600 52450 Benefit-Worker's Compensation 18,300 18,510 14,563 79% 1104600 52700 Benefit-Deferred CompensationMatching - - 16,602 0% 1104600 52701 Benefit-Deferred Comp NTWD401aMatching - - 452 0% 1104600 52800 Benefit-Dental 16,664 17,245 12,312 71% 1104600 53000 Benefit-Short/Long Term Disability 20,244 20,681 4,349 21% 1104600 53100 Benefit-Retiree Medicals 3,990 3,990 1,272 32% 1104600 53300 Benefit-PERS Health 215,458 220,885 186,305 84% 1104600 53400 Benefit-PERS Retirement 214,640 218,602 171,838 79% 5/7/2026
28 1052
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1104600 53600 Benefit-Vision 6,257 6,475 4,566 71% 1104600 53700 Taxes-FICA/Medicare Employer 20,266 20,648 14,041 68% 1104600 53980 Vacancy Factor (77,459) (77,459) - 0% 1104600 60440 Contract Srvcs-Legal 4,800 4,800 381 8% 1104600 60480 Contract Srvcs-Other 225,000 225,000 80,732 36% 1104600 60880 Equipment-Safety 2,000 2,000 801 40% 1104600 62520 Other-Suspense-Expenses - - 1,541 0% 1104600 62680 Postage 1,500 1,500 459 31% 1104600 62720 Printing 1,500 1,500 1,037 69% 1104600 63800 Staff-Uniform Expense 2,200 2,200 - 0% 1104600 63880 Subscription-Membership, Dues, & Publications8,500 8,500 10,584 125% 1104600 64080 Supplies-Office 3,900 3,900 778 20% 1104600 64330 Program-CASP 5,000 5,000 2,998 60% 1104600 64360 Training & Development 13,404 13,404 8,903 66% 1104600 64640 Utilities-Telephone 3,800 3,800 1,450 38% 1104600 69100 Srvcs-Information Technology 269,400 269,400 202,050 75% 1104600 69200 Liab & Property Ins Charges 122,590 122,590 91,942 75% 1104600 69300 Srvcs-Fleet Maintenance 13,220 13,220 9,915 75% 1105000 51020 Salary & Wages 174,450 174,450 120,321 69% 1105000 51040 Overtime 26,040 26,040 9,071 35% 1105000 51044 FLSA Overtime - - 1,156 0% 1105000 51110 Leave-Annual Buyoutave 8,430 8,430 2,452 29% 1105000 51140 Leave-Holiday Buyout 3,290 3,290 - 0% 1105000 52200 Allowance-Mobile CommunicationDevice 480 480 607 126% 1105000 52400 Benefit-ADD/ Life Insurance 874 874 232 27% 1105000 52450 Benefit-Worker's Compensation 1,160 1,160 2,244 193% 1105000 52700 Benefit-Deferred CompensationMatching - - 3,644 0% 1105000 52800 Benefit-Dental 2,525 2,525 1,703 67% 1105000 53000 Benefit-Short/Long Term Disability 3,065 3,065 550 18% 1105000 53300 Benefit-PERS Health 50,290 50,290 26,416 53% 1105000 53400 Benefit-PERS Retirement 35,800 35,800 26,763 75% 1105000 53600 Benefit-Vision 948 948 632 67% 1105000 53700 Taxes-FICA/Medicare Employer 2,910 2,910 1,914 66% 1105000 53980 Vacancy Factor (12,410) (12,410) - 0% 5/7/2026
29 1053
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1105000 60440 Contract Srvcs-Legal - - 4,529 0% 1105000 60840 Equipment-Furniture < $5000 3,000 3,000 - 0% 1105000 62440 Other-Special Dept Expenditure 27,345 27,345 24,054 88% 1105000 62520 Other-Suspense-Expenses - - 3,229 0% 1105000 63360 Program-Special Events 203,302 221,102 91,361 41% 1105000 63880 Subscription-Membership, Dues, & Publications3,170 3,170 3,480 110% 1105000 64360 Training & Development 3,804 3,804 1,209 32% 1105000 69100 Srvcs-Information Technology 6,440 6,440 4,830 75% 1105000 69200 Liab & Property Ins Charges 18,280 18,280 13,710 75% 1105100 60440 Contract Srvcs-Legal 1,330 1,330 - 0% 1105100 60480 Contract Srvcs-Other 120,000 682,874 598,231 88% 1105100 60880 Equipment-Safety 1,200 1,200 381 32% 1105100 62000 Maintenance-Building - - 1,665 0% 1105100 62200 Maintenance-Vehicle 3,000 3,000 - 0% 1105100 62220 Vehicle Fuel 4,800 4,800 - 0% 1105100 62440 Other-Special Dept Expenditure 1,000 1,000 - 0% 1105100 62520 Other-Suspense-Expenses - - 275 0% 1105100 63120 Program-Marketing 2,500 2,500 - 0% 1105100 63320 Program-Special Department Expense 10,000 10,000 3,015 30% 1105100 63800 Staff-Uniform Expense 900 900 205 23% 1105100 63880 Subscription-Membership, Dues, & Publications600 600 120 20% 1105100 64080 Supplies-Office 2,000 2,000 1,311 66% 1105100 64280 Training-Conference/Meeting 2,000 2,000 136 7% 1105100 64360 Training & Development 3,623 3,623 - 0% 1105144 60800 Equipment < $5000 16,390 16,390 870 5% 1105144 60840 Equipment-Furniture < $5000 3,000 3,000 - 0% 1105144 62000 Maintenance-Building 10,000 10,000 1,403 14% 1105144 69300 Srvcs-Fleet Maintenance 26,771 23,819 17,864 75% 1105144 71010 Furniture & Fixtures 6,000 6,000 - 0% 1105162 69300 Srvcs-Fleet Maintenance 47,313 31,166 23,375 75% 1105900 60480 Contract Srvcs-Other 2,000 2,000 - 0% 1105900 60760 Equipment-Computers < $5000 7,500 7,500 - 0% 1105900 62000 Maintenance-Building 16,463 16,463 - 0% 1106120 51020 Salary & Wages 1,101,479 1,101,479 802,188 73% 5/7/2026
30 1054
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1106120 51040 Overtime 18,207 18,207 7,096 39% 1106120 51044 FLSA Overtime - - 969 0% 1106120 51100 Leave-Administrative Buyout Leave 16,220 16,220 8,104 50% 1106120 51110 Leave-Annual Buyoutave 16,710 16,710 22,453 134% 1106120 51120 Leave-Compensated Absences/S 5,600 5,600 - 0% 1106120 51140 Leave-Holiday Buyout 3,170 3,170 279 9% 1106120 52000 Allowance-Auto 1,800 1,800 1,236 69% 1106120 52200 Allowance-Mobile CommunicationDevice 2,040 2,040 1,081 53% 1106120 52400 Benefit-ADD/ Life Insurance 7,518 7,518 1,385 18% 1106120 52450 Benefit-Worker's Compensation 15,093 15,093 11,574 77% 1106120 52700 Benefit-Deferred CompensationMatching - - 13,667 0% 1106120 52701 Benefit-Deferred Comp NTWD401aMatching - - 1,700 0% 1106120 52800 Benefit-Dental 12,119 12,119 7,528 62% 1106120 53000 Benefit-Short/Long Term Disability 17,559 17,559 3,004 17% 1106120 53100 Benefit-Retiree Medicals 2,000 2,000 1,272 64% 1106120 53300 Benefit-PERS Health 199,463 199,463 148,506 74% 1106120 53400 Benefit-PERS Retirement 271,430 271,430 162,326 60% 1106120 53500 Benefit-Tuition Reimb. - - 2,095 0% 1106120 53600 Benefit-Vision 4,550 4,550 2,797 61% 1106120 53700 Taxes-FICA/Medicare Employer 17,662 17,662 12,273 69% 1106120 53800 Taxes-Unemployment Insurance - - 3,127 0% 1106120 53980 Vacancy Factor (68,505) (68,505) - 0% 1106120 60240 Contract Srvcs-Traffic SignalSignal Maintenance290,000 861 - 0% 1106120 60360 Contract Srvcs-Engineering 270,000 270,000 134,906 50% 1106120 60440 Contract Srvcs-Legal 34,790 34,790 30,904 89% 1106120 60480 Contract Srvcs-Other 115,000 140,516 - 0% 1106120 60600 Contract Srvcs-Plan Check 750,000 750,000 461,007 61% 1106120 60640 Contract Srvcs-Inspection 500,000 500,000 283,280 57% 1106120 60880 Equipment-Safety 600 600 - 0% 1106120 60920 Equipment-Software < $5000 2,000 3,425 390 11% 1106120 62520 Other-Suspense-Expenses - - 57 0% 1106120 62680 Postage 630 630 160 25% 1106120 62720 Printing 520 520 305 59% 1106120 63800 Staff-Uniform Expense 750 500 - 0% 5/7/2026
31 1055
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1106120 63880 Subscription-Membership, Dues, & Publications2,500 2,500 2,172 87% 1106120 64040 Supplies-Maintenance 210,000 5,000 - 0% 1106120 64080 Supplies-Office 3,120 3,120 1,356 43% 1106120 64360 Training & Development 7,728 7,728 4,447 58% 1106120 64640 Utilities-Telephone 2,600 1,640 717 44% 1106120 69100 Srvcs-Information Technology 250,870 250,870 188,152 75% 1106120 69200 Liab & Property Ins Charges 105,870 105,870 79,403 75% 1106120 69300 Srvcs-Fleet Maintenance 17,398 13,567 10,175 75% 1106145 51020 Salary & Wages 579,403 - 310,618 0% 1106145 51040 Overtime 6,060 - 7,658 0% 1106145 51044 FLSA Overtime - - 856 0% 1106145 51110 Leave-Annual Buyoutave 1,950 - 598 0% 1106145 51120 Leave-Compensated Absences/S 2,140 - 527 0% 1106145 51140 Leave-Holiday Buyout 720 - - 0% 1106145 52000 Allowance-Auto 3,600 - 2,473 0% 1106145 52200 Allowance-Mobile CommunicationDevice 720 - 494 0% 1106145 52400 Benefit-ADD/ Life Insurance 2,466 - 625 0% 1106145 52450 Benefit-Worker's Compensation 56,981 - 36,946 0% 1106145 52700 Benefit-Deferred CompensationMatching - - 3,404 0% 1106145 52701 Benefit-Deferred Comp NTWD401aMatching - - 3,400 0% 1106145 52800 Benefit-Dental 6,628 - 3,296 0% 1106145 53000 Benefit-Short/Long Term Disability 7,723 - 1,074 0% 1106145 53300 Benefit-PERS Health 86,600 - 58,120 0% 1106145 53400 Benefit-PERS Retirement 118,825 - 59,545 0% 1106145 53600 Benefit-Vision 2,489 - 1,225 0% 1106145 53700 Taxes-FICA/Medicare Employer 10,075 - 4,707 0% 1106145 53980 Vacancy Factor (35,455) - - 0% 1106145 60560 Contract Srvcs-Street Sweeping 46,000 - 21,593 0% 1106145 60880 Equipment-Safety 3,000 - 1,259 0% 1106145 61440 Fees-Filing 1,500 - - 0% 1106145 62440 Other-Special Dept Expenditure 3,200 - 2,597 0% 1106145 63800 Staff-Uniform Expense 8,500 - 2,778 0% 1106145 63880 Subscription-Membership, Dues, & Publications210 - 245 0% 1106145 64080 Supplies-Office 500 - 203 0% 5/7/2026
32 1056
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1106145 64360 Training & Development 2,415 - 797 0% 1106145 64520 Utilities-Electric 24,000 - 3,188 0% 1106145 64640 Utilities-Telephone 7,500 - 2,576 0% 1106145 69100 Srvcs-Information Technology 105,830 - - 0% 1106145 69200 Liab & Property Ins Charges 63,790 - - 0% 1106145 69300 Srvcs-Fleet Maintenance 58,184 - - 0% 1106150 60480 Contract Srvcs-Other 20,500 - - 0% 1106150 61040 Fees-Bond Administration 500 - - 0% 1106150 61960 Maintenance-General Maint/Repa 80,000 - - 0% 1106150 64560 Utilities-Electric-Street Lighting 80,000 - 12,192 0% 1106155 51020 Salary & Wages 251,620 - 163,221 0% 1106155 51040 Overtime 4,080 - 2,583 0% 1106155 51044 FLSA Overtime - - 95 0% 1106155 51110 Leave-Annual Buyoutave - - 487 0% 1106155 51140 Leave-Holiday Buyout 310 - 32 0% 1106155 52400 Benefit-ADD/ Life Insurance 1,526 - 294 0% 1106155 52450 Benefit-Worker's Compensation 89,469 - 51,299 0% 1106155 52700 Benefit-Deferred CompensationMatching - - 1,446 0% 1106155 52800 Benefit-Dental 3,787 - 2,239 0% 1106155 53000 Benefit-Short/Long Term Disability 4,476 - 701 0% 1106155 53100 Benefit-Retiree Medicals 2,000 - 1,272 0% 1106155 53300 Benefit-PERS Health 53,870 - 38,254 0% 1106155 53400 Benefit-PERS Retirement 49,000 - 35,238 0% 1106155 53600 Benefit-Vision 1,422 - 830 0% 1106155 53700 Taxes-FICA/Medicare Employer 3,710 - 2,549 0% 1106155 53980 Vacancy Factor (18,611) - - 0% 1106155 60480 Contract Srvcs-Other 15,000 - 6,011 0% 1106155 60880 Equipment-Safety 1,500 - 596 0% 1106155 61440 Fees-Filing 3,000 - 1,727 0% 1106155 62000 Maintenance-Building 404,000 - 177,486 0% 1106155 63800 Staff-Uniform Expense 300 - 269 0% 1106155 64040 Supplies-Maintenance 10,000 - 3,573 0% 1106155 64080 Supplies-Office 500 - 175 0% 1106155 64360 Training & Development 1,256 - - 0% 5/7/2026
33 1057
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1106155 64520 Utilities-Electric 367,500 - 198,959 0% 1106155 64600 Utilities-Natural Gas 15,000 - 1,111 0% 1106155 64640 Utilities-Telephone 2,700 - 959 0% 1106155 64660 Utilities-Water 21,875 - 1,790 0% 1106155 69100 Srvcs-Information Technology 7,280 - - 0% 1106155 69200 Liab & Property Ins Charges 39,490 - - 0% 1106155 69300 Srvcs-Fleet Maintenance 44,063 - - 0% 1106160 51020 Salary & Wages 130,200 - - 0% 1106160 52200 Allowance-Mobile CommunicationDevice 480 - - 0% 1106160 52400 Benefit-ADD/ Life Insurance 1,353 - - 0% 1106160 52450 Benefit-Worker's Compensation 1,877 - - 0% 1106160 52800 Benefit-Dental 1,262 - - 0% 1106160 53000 Benefit-Short/Long Term Disability 2,210 - - 0% 1106160 53300 Benefit-PERS Health 26,000 - - 0% 1106160 53400 Benefit-PERS Retirement 54,000 - - 0% 1106160 53600 Benefit-Vision 474 - - 0% 1106160 53700 Taxes-FICA/Medicare Employer 1,890 - - 0% 1106160 53980 Vacancy Factor (8,790) - - 0% 1106160 60480 Contract Srvcs-Other - - 1,230 0% 1106160 62200 Maintenance-Vehicle 81,900 - 29,391 0% 1106160 62220 Vehicle Fuel 65,000 - - 0% 1106500 60440 Contract Srvcs-Legal - - 13,203 0% 1106500 62520 Other-Suspense-Expenses - - 347 0% 1106500 64040 Supplies-Maintenance - - 732 0% 1106500 64360 Training & Development - - 159 0% 1106500 69300 Srvcs-Fleet Maintenance - 2,952 2,214 75% 1106520 60480 Contract Srvcs-Other - - 37,329 0% 1106520 69300 Srvcs-Fleet Maintenance - 16,147 12,110 75% 1106545 51020 Salary & Wages - 579,403 13,563 2% 1106545 51040 Overtime - 6,060 - 0% 1106545 51110 Leave-Annual Buyoutave - 1,950 483 25% 1106545 51120 Leave-Compensated Absences/S - 2,140 - 0% 1106545 51140 Leave-Holiday Buyout - 720 - 0% 1106545 52000 Allowance-Auto - 3,600 - 0% 5/7/2026
34 1058
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1106545 52200 Allowance-Mobile CommunicationDevice - 720 - 0% 1106545 52400 Benefit-ADD/ Life Insurance - 2,466 28 1% 1106545 52450 Benefit-Worker's Compensation - 56,981 105 0% 1106545 52700 Benefit-Deferred CompensationMatching - - 1,000 0% 1106545 52800 Benefit-Dental - 6,628 160 2% 1106545 53000 Benefit-Short/Long Term Disability - 7,723 57 1% 1106545 53300 Benefit-PERS Health - 86,600 3,040 4% 1106545 53400 Benefit-PERS Retirement - 118,825 3,503 3% 1106545 53600 Benefit-Vision - 2,489 59 2% 1106545 53700 Taxes-FICA/Medicare Employer - 10,075 234 2% 1106545 53980 Vacancy Factor - (35,455) - 0% 1106545 60240 Contract Srvcs-Traffic SignalSignal Maintenance - - 383 0% 1106545 60480 Contract Srvcs-Other - - 10,325 0% 1106545 60560 Contract Srvcs-Street Sweeping - 46,000 2,744 6% 1106545 60880 Equipment-Safety - 3,000 434 14% 1106545 61440 Fees-Filing - 1,500 - 0% 1106545 61910 Lease-Facility Rent - - 2,272 0% 1106545 62440 Other-Special Dept Expenditure - 3,200 5,586 175% 1106545 62520 Other-Suspense-Expenses - - 2,735 0% 1106545 63800 Staff-Uniform Expense - 8,750 2,266 26% 1106545 63880 Subscription-Membership, Dues, & Publications- 210 639 304% 1106545 64040 Supplies-Maintenance - 205,000 50,603 25% 1106545 64080 Supplies-Office - 500 465 93% 1106545 64360 Training & Development - 2,415 4,523 187% 1106545 64520 Utilities-Electric - 24,000 - 0% 1106545 64640 Utilities-Telephone - 8,460 1,403 17% 1106545 69100 Srvcs-Information Technology - 105,830 79,373 75% 1106545 69200 Liab & Property Ins Charges - 63,790 47,842 75% 1106545 69300 Srvcs-Fleet Maintenance - 62,015 46,511 75% 1106550 60240 Contract Srvcs-Traffic SignalSignal Maintenance - 290,000 133,756 46% 1106550 60480 Contract Srvcs-Other - 20,500 12,561 61% 1106550 61040 Fees-Bond Administration - 500 - 0% 1106550 61960 Maintenance-General Maint/Repa - 80,000 47,949 60% 1106550 62800 Prior Period Expense - - 240 0% 5/7/2026
35 1059
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1106550 64040 Supplies-Maintenance - - 18,125 0% 1106550 64560 Utilities-Electric-Street Lighting - 80,000 20,925 26% 1106555 51020 Salary & Wages - 251,620 26,820 11% 1106555 51040 Overtime - 4,080 - 0% 1106555 51110 Leave-Annual Buyoutave - - 483 0% 1106555 51140 Leave-Holiday Buyout - 310 - 0% 1106555 52400 Benefit-ADD/ Life Insurance - 1,526 47 3% 1106555 52450 Benefit-Worker's Compensation - 89,469 4,195 5% 1106555 52700 Benefit-Deferred CompensationMatching - - 1,500 0% 1106555 52800 Benefit-Dental - 3,787 377 10% 1106555 53000 Benefit-Short/Long Term Disability - 4,476 109 2% 1106555 53100 Benefit-Retiree Medicals - 2,000 - 0% 1106555 53300 Benefit-PERS Health - 53,870 7,857 15% 1106555 53400 Benefit-PERS Retirement - 49,000 6,918 14% 1106555 53600 Benefit-Vision - 1,422 138 10% 1106555 53700 Taxes-FICA/Medicare Employer - 3,710 433 12% 1106555 53980 Vacancy Factor - (18,611) - 0% 1106555 60440 Contract Srvcs-Legal - - 473 0% 1106555 60480 Contract Srvcs-Other - 15,000 - 0% 1106555 60880 Equipment-Safety - 1,500 600 40% 1106555 61440 Fees-Filing - 3,000 653 22% 1106555 62000 Maintenance-Building - 404,000 51,015 13% 1106555 62520 Other-Suspense-Expenses - - 4,036 0% 1106555 63800 Staff-Uniform Expense - 300 - 0% 1106555 64040 Supplies-Maintenance - 10,000 459 5% 1106555 64080 Supplies-Office - 500 128 26% 1106555 64360 Training & Development - 1,256 - 0% 1106555 64520 Utilities-Electric - 367,500 142,097 39% 1106555 64600 Utilities-Natural Gas - 15,000 3,430 23% 1106555 64640 Utilities-Telephone - 2,700 576 21% 1106555 64660 Utilities-Water - 21,875 13,600 62% 1106555 69100 Srvcs-Information Technology - 7,280 5,460 75% 1106555 69200 Liab & Property Ins Charges - 39,490 29,617 75% 1106555 69300 Srvcs-Fleet Maintenance - 44,063 33,047 75% 5/7/2026
36 1060
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1106560 51020 Salary & Wages - 130,200 23,635 18% 1106560 51100 Leave-Administrative Buyout Leave - - 571 0% 1106560 51110 Leave-Annual Buyoutave - - 1,098 0% 1106560 51140 Leave-Holiday Buyout - - 456 0% 1106560 52200 Allowance-Mobile CommunicationDevice - 480 74 15% 1106560 52400 Benefit-ADD/ Life Insurance - 1,353 20 2% 1106560 52450 Benefit-Worker's Compensation - 1,877 114 6% 1106560 52800 Benefit-Dental - 1,262 109 9% 1106560 53000 Benefit-Short/Long Term Disability - 2,210 42 2% 1106560 53300 Benefit-PERS Health - 26,000 5,809 22% 1106560 53400 Benefit-PERS Retirement - 54,000 2,595 5% 1106560 53600 Benefit-Vision - 474 40 8% 1106560 53700 Taxes-FICA/Medicare Employer - 1,890 349 18% 1106560 53980 Vacancy Factor - (8,790) - 0% 1106560 62200 Maintenance-Vehicle - 81,900 11,573 14% 1106560 62220 Vehicle Fuel - 65,000 36,522 56% 1107500 60480 Contract Srvcs-Other - - 13,320 0% 1107500 70000 Construction - - 1,539,151 0% 1107500 71020 Software & Intangible Assets - 34,525 3,375 10% 1111600 53100 Benefit-Retiree Medicals - - 1,351 0% 1111600 62960 Program-Community Relations 102,000 102,000 69,179 68% 1111600 64360 Training & Development 6,038 6,038 - 0% 1112100 51020 Salary & Wages 110,700 110,700 75,241 68% 1112100 51140 Leave-Holiday Buyout 710 710 - 0% 1112100 52200 Allowance-Mobile CommunicationDevice 480 480 330 69% 1112100 52400 Benefit-ADD/ Life Insurance 731 731 168 23% 1112100 52450 Benefit-Worker's Compensation 886 886 578 65% 1112100 52700 Benefit-Deferred CompensationMatching - - 1,200 0% 1112100 52800 Benefit-Dental 1,262 1,262 852 67% 1112100 53000 Benefit-Short/Long Term Disability 1,893 1,893 345 18% 1112100 53300 Benefit-PERS Health 21,280 21,280 16,076 76% 1112100 53400 Benefit-PERS Retirement 19,500 19,500 14,906 76% 1112100 53600 Benefit-Vision 474 474 316 67% 1112100 53700 Taxes-FICA/Medicare Employer 1,610 1,610 1,105 69% 5/7/2026
37 1061
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1112100 53980 Vacancy Factor (6,381) (6,381) - 0% 1112100 69100 Srvcs-Information Technology - 2,430 1,823 75% 1112200 51020 Salary & Wages 100,500 100,500 52,532 52% 1112200 51044 FLSA Overtime - - 964 0% 1112200 51110 Leave-Annual Buyoutave 5,990 5,990 1,110 19% 1112200 51140 Leave-Holiday Buyout 200 200 - 0% 1112200 52400 Benefit-ADD/ Life Insurance 723 723 76 11% 1112200 52450 Benefit-Worker's Compensation 804 804 411 51% 1112200 52700 Benefit-Deferred CompensationMatching - - 804 0% 1112200 52800 Benefit-Dental 1,262 1,262 852 67% 1112200 53000 Benefit-Short/Long Term Disability 1,718 1,718 231 13% 1112200 53300 Benefit-PERS Health 24,290 24,290 16,076 66% 1112200 53400 Benefit-PERS Retirement 15,200 15,200 13,485 89% 1112200 53600 Benefit-Vision 474 474 316 67% 1112200 53700 Taxes-FICA/Medicare Employer 1,460 1,460 813 56% 1112200 53980 Vacancy Factor (6,105) (6,105) - 0% 1112200 69100 Srvcs-Information Technology 2,430 2,430 1,823 75% 1112200 69200 Liab & Property Ins Charges 8,970 8,970 6,728 75% 1112600 51020 Salary & Wages 154,200 154,200 104,081 67% 1112600 51040 Overtime 280 280 349 124% 1112600 51044 FLSA Overtime - - 147 0% 1112600 51110 Leave-Annual Buyoutave 3,200 3,200 - 0% 1112600 51120 Leave-Compensated Absences/S 440 440 - 0% 1112600 51140 Leave-Holiday Buyout 2,190 2,190 - 0% 1112600 52400 Benefit-ADD/ Life Insurance 546 546 153 28% 1112600 52450 Benefit-Worker's Compensation 1,236 1,236 803 65% 1112600 52700 Benefit-Deferred CompensationMatching - - 1,452 0% 1112600 52800 Benefit-Dental 2,525 2,525 1,703 67% 1112600 53000 Benefit-Short/Long Term Disability 2,636 2,636 477 18% 1112600 53300 Benefit-PERS Health 37,980 37,980 32,152 85% 1112600 53400 Benefit-PERS Retirement 23,400 23,400 18,083 77% 1112600 53600 Benefit-Vision 948 948 632 67% 1112600 53700 Taxes-FICA/Medicare Employer 2,240 2,240 1,471 66% 1112600 53980 Vacancy Factor (9,273) (9,273) - 0% 5/7/2026
38 1062
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1112600 61000 Fees-Bank Administration - - 955 0% 1112600 69100 Srvcs-Information Technology 4,850 4,850 3,638 75% 1112600 69200 Liab & Property Ins Charges 13,840 13,840 10,380 75% 1113120 60480 Contract Srvcs-Other 80,000 - - 0% 1113120 60880 Equipment-Safety 19,500 18,690 5,708 31% 1113120 61280 Debt Service-Principal - 150,000 155,808 104% 1113120 61560 Other Interest Expense - - 59,232 0% 1113120 63055 Program-UAS 30,000 30,000 22,241 74% 1113120 64210 Supplies-PD Medical Supplies 5,000 - - 0% 1113120 71030 Machinery & Equipment 536,408 542,218 356,094 66% 1113130 51020 Salary & Wages 942,940 942,940 636,191 67% 1113130 51040 Overtime 125,600 125,600 80,833 64% 1113130 51044 FLSA Overtime - - 21,143 0% 1113130 51110 Leave-Annual Buyoutave 8,830 8,830 24,500 277% 1113130 51120 Leave-Compensated Absences/S 7,250 7,250 3,317 46% 1113130 51140 Leave-Holiday Buyout 16,720 16,720 10,839 65% 1113130 51200 POST/Educational Certificate Pay 5,400 5,400 2,438 45% 1113130 52300 Allowance-Uniform 3,800 3,800 5,667 149% 1113130 52400 Benefit-ADD/ Life Insurance 4,720 4,720 1,095 23% 1113130 52450 Benefit-Worker's Compensation 8,597 8,597 5,707 66% 1113130 52700 Benefit-Deferred CompensationMatching - - 15,201 0% 1113130 52800 Benefit-Dental 11,362 11,362 7,345 65% 1113130 53000 Benefit-Short/Long Term Disability 15,250 15,250 2,655 17% 1113130 53100 Benefit-Retiree Medicals - - 324 0% 1113130 53300 Benefit-PERS Health 171,600 171,600 132,720 77% 1113130 53400 Benefit-PERS Retirement 162,800 162,800 123,575 76% 1113130 53600 Benefit-Vision 4,266 4,266 2,726 64% 1113130 53700 Taxes-FICA/Medicare Employer 15,580 15,580 11,289 72% 1113130 53980 Vacancy Factor (65,494) (65,494) - 0% 1113130 69100 Srvcs-Information Technology 20,450 20,450 15,338 75% 1113130 69200 Liab & Property Ins Charges 90,560 90,560 67,920 75% 1113160 51020 Salary & Wages 1,981,850 1,981,850 1,374,721 69% 1113160 51040 Overtime 39,910 39,910 10,779 27% 1113160 51044 FLSA Overtime - - 13,135 0% 5/7/2026
39 1063
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1113160 51100 Leave-Administrative Buyout Leave 7,350 7,350 - 0% 1113160 51110 Leave-Annual Buyoutave 43,750 43,750 1,116 3% 1113160 51120 Leave-Compensated Absences/S 2,030 2,030 667 33% 1113160 51140 Leave-Holiday Buyout 101,040 101,040 37,809 37% 1113160 51170 Leave-Personal BuyoutBuyout 5,880 5,880 - 0% 1113160 51200 POST/Educational Certificate Pay 63,358 63,358 6,080 10% 1113160 52100 Allowance-Safety - - 1,021 0% 1113160 52300 Allowance-Uniform 25,200 25,200 16,604 66% 1113160 52400 Benefit-ADD/ Life Insurance 2,496 2,496 790 32% 1113160 52450 Benefit-Worker's Compensation 254,335 254,335 164,084 65% 1113160 52700 Benefit-Deferred CompensationMatching - - 22,341 0% 1113160 52800 Benefit-Dental 17,674 17,674 11,185 63% 1113160 53000 Benefit-Short/Long Term Disability 8,801 8,801 2,448 28% 1113160 53100 Benefit-Retiree Medicals 2,000 2,000 13,603 680% 1113160 53300 Benefit-PERS Health 271,500 271,500 209,632 77% 1113160 53400 Benefit-PERS Retirement 690,200 690,200 556,740 81% 1113160 53500 Benefit-Tuition Reimb. - - 4,779 0% 1113160 53600 Benefit-Vision 6,636 6,636 4,148 63% 1113160 53700 Taxes-FICA/Medicare Employer 31,170 31,170 23,319 75% 1113160 53980 Vacancy Factor (142,207) (142,207) - 0% 1113160 69100 Srvcs-Information Technology 28,620 28,620 21,465 75% 1113160 69200 Liab & Property Ins Charges 211,810 211,810 158,857 75% 1113180 51020 Salary & Wages 952,410 952,410 470,269 49% 1113180 51040 Overtime 5,920 5,920 2,123 36% 1113180 51044 FLSA Overtime - - 8,601 0% 1113180 51080 Part-Time Salary (PARS) 36,060 36,060 23,594 65% 1113180 51110 Leave-Annual Buyoutave 34,260 34,260 60,972 178% 1113180 51120 Leave-Compensated Absences/S 4,740 4,740 1,891 40% 1113180 51140 Leave-Holiday Buyout 64,620 64,620 19,927 31% 1113180 51170 Leave-Personal BuyoutBuyout 2,260 2,260 - 0% 1113180 51200 POST/Educational Certificate Pay 21,938 21,938 1,406 6% 1113180 52100 Allowance-Safety - - 396 0% 1113180 52300 Allowance-Uniform 14,400 14,400 5,540 38% 1113180 52400 Benefit-ADD/ Life Insurance 660 660 130 20% 5/7/2026
40 1064
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1113180 52450 Benefit-Worker's Compensation 147,387 147,387 64,488 44% 1113180 52700 Benefit-Deferred CompensationMatching - - 8,542 0% 1113180 52800 Benefit-Dental 7,574 7,574 3,616 48% 1113180 53000 Benefit-Short/Long Term Disability 3,042 3,042 656 22% 1113180 53100 Benefit-Retiree Medicals 2,730 2,730 3,966 145% 1113180 53200 Benefit-PARS Retirement 469 469 306 65% 1113180 53300 Benefit-PERS Health 116,960 116,960 73,102 63% 1113180 53400 Benefit-PERS Retirement 373,800 373,800 194,625 52% 1113180 53600 Benefit-Vision 2,844 2,844 1,343 47% 1113180 53700 Taxes-FICA/Medicare Employer 15,400 15,400 10,343 67% 1113180 53980 Vacancy Factor (72,299) (72,299) - 0% 1113180 69100 Srvcs-Information Technology 14,310 14,310 10,733 75% 1113180 69200 Liab & Property Ins Charges 136,290 136,290 102,218 75% 1113520 51020 Salary & Wages 92,300 92,300 63,350 69% 1113520 51040 Overtime 650 650 333 51% 1113520 52400 Benefit-ADD/ Life Insurance 273 273 76 28% 1113520 52450 Benefit-Worker's Compensation 744 744 489 66% 1113520 52700 Benefit-Deferred CompensationMatching - - 2,000 0% 1113520 52800 Benefit-Dental 1,262 1,262 852 67% 1113520 53000 Benefit-Short/Long Term Disability 1,656 1,656 291 18% 1113520 53300 Benefit-PERS Health 24,290 24,290 16,048 66% 1113520 53400 Benefit-PERS Retirement 14,000 14,000 10,993 79% 1113520 53600 Benefit-Vision 474 474 316 67% 1113520 53700 Taxes-FICA/Medicare Employer 1,350 1,350 899 67% 1113520 53980 Vacancy Factor (5,480) (5,480) - 0% 1113520 60480 Contract Srvcs-Other 424,050 424,050 188,219 44% 1113520 60840 Equipment-Furniture < $5000 18,900 18,900 - 0% 1113520 60880 Equipment-Safety 181,000 181,000 50,936 28% 1113520 61280 Debt Service-Principal 83,119 83,119 - 0% 1113520 61560 Other Interest Expense 8,340 8,340 - 0% 1113520 62160 Maintenance-Software Licenses 83,470 83,470 27,322 33% 1113520 63250 Rental Expense 31,755 31,755 - 0% 1113520 63880 Subscription-Membership, Dues, & Publications175 175 - 0% 1113520 64280 Training-Conference/Meeting 2,475 2,475 525 21% 5/7/2026
41 1065
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1113520 64330 Program-CASP - - 880 0% 1113520 64360 Training & Development 2,500 2,500 909 36% 1113520 69100 Srvcs-Information Technology 2,050 2,050 1,537 75% 1113520 69200 Liab & Property Ins Charges 36,230 36,230 27,173 75% 1113520 69300 Srvcs-Fleet Maintenance 600,000 600,000 450,000 75% 1113520 71030 Machinery & Equipment - 138,079 37,686 27% 1113540 71060 Vehicles - 1 - 0% 1113580 51020 Salary & Wages 1,940,110 1,940,110 1,259,059 65% 1113580 51040 Overtime 589,320 589,320 331,599 56% 1113580 51043 Fire Standard Overtime 111,150 111,150 93,525 84% 1113580 51044 FLSA Overtime - - 63,816 0% 1113580 51045 Strike Team Overtime 80,088 80,088 222,311 278% 1113580 51120 Leave-Compensated Absences/S 40 40 - 0% 1113580 51140 Leave-Holiday Buyout 44,230 44,230 6,248 14% 1113580 51200 POST/Educational Certificate Pay 57,959 57,959 8,563 15% 1113580 52200 Allowance-Mobile CommunicationDevice 480 480 330 69% 1113580 52300 Allowance-Uniform 24,050 24,050 15,249 63% 1113580 52400 Benefit-ADD/ Life Insurance 12,348 12,348 2,818 23% 1113580 52450 Benefit-Worker's Compensation 763,336 763,336 516,831 68% 1113580 52701 Benefit-Deferred Comp NTWD401aMatching - - 2,400 0% 1113580 52703 Bnft-MERP(MFA) - 26,400 18,543 70% 1113580 52800 Benefit-Dental 16,411 16,411 10,218 62% 1113580 53000 Benefit-Short/Long Term Disability 7,202 7,202 1,773 25% 1113580 53300 Benefit-PERS Health 285,540 285,540 220,463 77% 1113580 53400 Benefit-PERS Retirement 640,000 640,000 449,606 70% 1113580 53500 Benefit-Tuition Reimb. - - 2,379 0% 1113580 53600 Benefit-Vision 6,162 6,162 3,792 62% 1113580 53700 Taxes-FICA/Medicare Employer 38,050 38,050 29,226 77% 1113580 53980 Vacancy Factor (204,169) (204,169) - 0% 1113580 60800 Equipment < $5000 7,800 7,800 3,928 50% 1113580 60840 Equipment-Furniture < $5000 53,500 53,500 1,521 3% 1113580 62000 Maintenance-Building 330,500 348,349 213,706 61% 1113580 63800 Staff-Uniform Expense 9,800 9,800 - 0% 1113580 69100 Srvcs-Information Technology 30,840 30,840 23,130 75% 5/7/2026
42 1066
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1113580 69200 Liab & Property Ins Charges 320,680 320,680 240,510 75% 1113580 71030 Machinery & Equipment 21,000 21,000 - 0% 1113590 51020 Salary & Wages 99,700 99,700 68,532 69% 1113590 51040 Overtime 7,240 7,240 2,678 37% 1113590 51044 FLSA Overtime - - 251 0% 1113590 51140 Leave-Holiday Buyout 190 190 - 0% 1113590 52300 Allowance-Uniform 1,850 1,850 1,271 69% 1113590 52400 Benefit-ADD/ Life Insurance 273 273 76 28% 1113590 52450 Benefit-Worker's Compensation 3,401 3,401 2,219 65% 1113590 52700 Benefit-Deferred CompensationMatching - - 2,000 0% 1113590 52800 Benefit-Dental 1,262 1,262 852 67% 1113590 53000 Benefit-Short/Long Term Disability 1,790 1,790 314 18% 1113590 53300 Benefit-PERS Health 16,230 16,230 13,498 83% 1113590 53400 Benefit-PERS Retirement - - 1,811 0% 1113590 53600 Benefit-Vision 474 474 316 67% 1113590 53700 Taxes-FICA/Medicare Employer 1,550 1,550 1,084 70% 1113590 53980 Vacancy Factor (5,358) (5,358) - 0% 1113590 69100 Srvcs-Information Technology 2,050 2,050 1,537 75% 1113590 69200 Liab & Property Ins Charges 8,200 8,200 6,150 75% 1114100 60020 Advertising 30,000 30,000 10,348 34% 1114100 62800 Prior Period Expense - - 5,000 0% 1114100 63120 Program-Marketing 50,000 50,000 45,886 92% 1114100 63880 Subscription-Membership, Dues, & Publications5,000 5,000 5,000 100% 1114100 64280 Training-Conference/Meeting 10,000 10,000 6,657 67% 1114100 64360 Training & Development 9,057 9,057 6,198 68% 1114140 51020 Salary & Wages 258,770 258,770 152,691 59% 1114140 51040 Overtime 3,330 3,330 1,448 43% 1114140 51044 FLSA Overtime - - 79 0% 1114140 51140 Leave-Holiday Buyout 510 510 - 0% 1114140 52300 Allowance-Uniform 2,000 2,000 1,374 69% 1114140 52400 Benefit-ADD/ Life Insurance 819 819 229 28% 1114140 52450 Benefit-Worker's Compensation 6,707 6,707 3,951 59% 1114140 52700 Benefit-Deferred CompensationMatching - - 3,196 0% 1114140 52800 Benefit-Dental 3,787 3,787 2,555 67% 5/7/2026
43 1067
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1114140 53000 Benefit-Short/Long Term Disability 4,476 4,476 785 18% 1114140 53300 Benefit-PERS Health 41,970 41,970 38,129 91% 1114140 53400 Benefit-PERS Retirement 51,800 51,800 34,495 67% 1114140 53600 Benefit-Vision 1,422 1,422 948 67% 1114140 53700 Taxes-FICA/Medicare Employer 3,800 3,800 2,298 60% 1114140 53980 Vacancy Factor (15,176) (15,176) - 0% 1114140 60480 Contract Srvcs-Other - 18,700 - 0% 1114140 69100 Srvcs-Information Technology 11,530 11,530 8,647 75% 1114140 69200 Liab & Property Ins Charges 23,200 23,200 17,400 75% 1114400 51020 Salary & Wages 105,500 105,500 72,403 69% 1114400 52400 Benefit-ADD/ Life Insurance 589 589 162 28% 1114400 52450 Benefit-Worker's Compensation 844 844 556 66% 1114400 52800 Benefit-Dental 1,262 1,262 852 67% 1114400 53000 Benefit-Short/Long Term Disability 1,803 1,803 332 18% 1114400 53300 Benefit-PERS Health - - 16,076 0% 1114400 53400 Benefit-PERS Retirement 16,000 16,000 12,576 79% 1114400 53600 Benefit-Vision 474 474 316 67% 1114400 53700 Taxes-FICA/Medicare Employer 1,530 1,530 1,040 68% 1114400 53980 Vacancy Factor (5,120) (5,120) - 0% 1114400 69100 Srvcs-Information Technology 6,680 6,680 5,010 75% 1114400 69200 Liab & Property Ins Charges 7,840 7,840 5,880 75% 1114600 51020 Salary & Wages 68,900 68,900 45,343 66% 1114600 51040 Overtime - - 229 0% 1114600 52400 Benefit-ADD/ Life Insurance 273 273 76 28% 1114600 52450 Benefit-Worker's Compensation 551 551 350 64% 1114600 52800 Benefit-Dental 1,262 1,262 852 67% 1114600 53000 Benefit-Short/Long Term Disability 1,149 1,149 212 18% 1114600 53300 Benefit-PERS Health 18,350 18,350 13,731 75% 1114600 53400 Benefit-PERS Retirement 10,500 10,500 7,853 75% 1114600 53600 Benefit-Vision 474 474 316 67% 1114600 53700 Taxes-FICA/Medicare Employer 1,000 1,000 661 66% 1114600 53980 Vacancy Factor (4,098) (4,098) - 0% 1114600 69100 Srvcs-Information Technology 2,430 2,430 1,823 75% 1115100 51020 Salary & Wages 125,700 125,700 74,499 59% 5/7/2026
44 1068
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1115100 51140 Leave-Holiday Buyout 2,290 2,290 - 0% 1115100 52200 Allowance-Mobile CommunicationDevice 480 480 330 69% 1115100 52400 Benefit-ADD/ Life Insurance 273 273 146 53% 1115100 52450 Benefit-Worker's Compensation 1,006 1,006 1,853 184% 1115100 52700 Benefit-Deferred CompensationMatching - - 2,146 0% 1115100 52800 Benefit-Dental 1,262 1,262 852 67% 1115100 53000 Benefit-Short/Long Term Disability 1,879 1,879 342 18% 1115100 53300 Benefit-PERS Health 24,290 24,290 16,076 66% 1115100 53400 Benefit-PERS Retirement 19,000 19,000 13,012 68% 1115100 53600 Benefit-Vision 474 474 316 67% 1115100 53700 Taxes-FICA/Medicare Employer 1,820 1,820 1,028 56% 1115100 53900 Allocate Personnel Costs - (75,808) - 0% 1115100 53980 Vacancy Factor (6,156) (6,156) - 0% 1115100 69100 Srvcs-Information Technology 2,430 2,430 1,823 75% 1115100 69200 Liab & Property Ins Charges 10,520 10,520 7,890 75% 1115120 51020 Salary & Wages 67,500 67,500 46,696 69% 1115120 51040 Overtime 820 820 1,288 157% 1115120 51110 Leave-Annual Buyoutave 1,800 1,800 - 0% 1115120 52400 Benefit-ADD/ Life Insurance 273 273 76 28% 1115120 52450 Benefit-Worker's Compensation 2,173 2,173 1,489 69% 1115120 52700 Benefit-Deferred CompensationMatching - - 1,013 0% 1115120 52800 Benefit-Dental 1,262 1,262 852 67% 1115120 53000 Benefit-Short/Long Term Disability 1,153 1,153 212 18% 1115120 53300 Benefit-PERS Health 11,900 11,900 10,280 86% 1115120 53400 Benefit-PERS Retirement 10,200 10,200 8,103 79% 1115120 53600 Benefit-Vision 474 474 316 67% 1115120 53700 Taxes-FICA/Medicare Employer 990 990 710 72% 1115120 53980 Vacancy Factor (3,942) (3,942) - 0% 1115120 61280 Debt Service-Principal - 100,000 93,550 94% 1115120 61560 Other Interest Expense 10,815 10,815 2,451 23% 1115120 61920 Lease-Vehicle 100,000 - - 0% 1115120 69100 Srvcs-Information Technology 2,430 2,430 1,823 75% 1115120 69200 Liab & Property Ins Charges 5,930 5,930 4,448 75% 1115120 71030 Machinery & Equipment - 57,600 - 0% 5/7/2026
45 1069
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1115162 62040 Maintenance-Landscape 270,000 270,000 75,449 28% 1115900 51080 Part-Time Salary (PARS) 123,620 123,620 79,339 64% 1115900 52450 Benefit-Worker's Compensation 989 989 603 61% 1115900 53200 Benefit-PARS Retirement 1,607 1,607 1,031 64% 1115900 53700 Taxes-FICA/Medicare Employer 1,800 1,800 1,150 64% 1115900 53980 Vacancy Factor (5,121) (5,121) - 0% 1115900 69100 Srvcs-Information Technology 16,850 16,850 12,638 75% 1115900 69200 Liab & Property Ins Charges 9,260 9,260 6,945 75% 1116120 51020 Salary & Wages 326,930 326,930 122,895 38% 1116120 51040 Overtime 6,075 6,075 10,725 177% 1116120 51044 FLSA Overtime - - 579 0% 1116120 51100 Leave-Administrative Buyout Leave 350 350 - 0% 1116120 51110 Leave-Annual Buyoutave 2,050 2,050 2,055 100% 1116120 51120 Leave-Compensated Absences/S 270 270 1,027 381% 1116120 51140 Leave-Holiday Buyout 5,690 5,690 - 0% 1116120 52200 Allowance-Mobile CommunicationDevice 480 480 - 0% 1116120 52400 Benefit-ADD/ Life Insurance 1,938 1,938 231 12% 1116120 52450 Benefit-Worker's Compensation 10,590 10,590 4,165 39% 1116120 52700 Benefit-Deferred CompensationMatching - - 1,836 0% 1116120 52800 Benefit-Dental 3,156 3,156 1,277 40% 1116120 53000 Benefit-Short/Long Term Disability 5,334 5,334 538 10% 1116120 53300 Benefit-PERS Health 54,530 54,530 21,216 39% 1116120 53400 Benefit-PERS Retirement 57,250 57,250 26,643 47% 1116120 53600 Benefit-Vision 1,185 1,185 474 40% 1116120 53700 Taxes-FICA/Medicare Employer 4,830 4,830 1,951 40% 1116120 53980 Vacancy Factor (19,226) (19,226) - 0% 1116120 69100 Srvcs-Information Technology 7,280 7,280 5,460 75% 1116120 69200 Liab & Property Ins Charges 28,920 28,920 21,690 75% 1116155 51020 Salary & Wages 187,600 187,600 60,513 32% 1116155 51040 Overtime 1,890 1,890 857 45% 1116155 51044 FLSA Overtime - - 59 0% 1116155 51110 Leave-Annual Buyoutave - - 1,127 0% 1116155 51120 Leave-Compensated Absences/S - - 47 0% 1116155 51140 Leave-Holiday Buyout 340 340 541 159% 5/7/2026
46 1070
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1116155 52400 Benefit-ADD/ Life Insurance 819 819 95 12% 1116155 52450 Benefit-Worker's Compensation 66,303 66,303 19,015 29% 1116155 52700 Benefit-Deferred CompensationMatching - - 1,313 0% 1116155 52800 Benefit-Dental 3,787 3,787 1,062 28% 1116155 53000 Benefit-Short/Long Term Disability 3,260 3,260 247 8% 1116155 53300 Benefit-PERS Health 16,230 16,230 17,999 111% 1116155 53400 Benefit-PERS Retirement 28,500 28,500 10,525 37% 1116155 53600 Benefit-Vision 1,422 1,422 395 28% 1116155 53700 Taxes-FICA/Medicare Employer 2,760 2,760 935 34% 1116155 53980 Vacancy Factor (12,516) (12,516) - 0% 1116155 69100 Srvcs-Information Technology 6,140 6,140 - 0% 1116155 69200 Liab & Property Ins Charges 19,140 19,140 - 0% 1116160 61240 Debt Service-Interest 10,000 - - 0% 1116160 61280 Debt Service-Principal 221,000 221,000 63,475 29% 1116160 61560 Other Interest Expense - 10,000 5,685 57% 1116555 69100 Srvcs-Information Technology - - 4,605 0% 1116555 69200 Liab & Property Ins Charges - - 14,355 0% 1116560 61280 Debt Service-Principal - - 6,986 0% 1116560 61560 Other Interest Expense - - 621 0% 1116560 61920 Lease-Vehicle - 2,019 - 0% 1117500 60440 Contract Srvcs-Legal - - 929 0% 1117500 60480 Contract Srvcs-Other - - 4,350 0% 1117500 62720 Printing - - 1,093 0% 1117500 70000 Construction - - 1,472,595 0% 1117500 71010 Furniture & Fixtures - - 135 0% 1117500 71060 Vehicles - 1 - 0% 1118340 51020 Salary & Wages 217,100 217,100 148,951 69% 1118340 51040 Overtime 11,280 11,280 7,523 67% 1118340 51100 Leave-Administrative Buyout Leave 1,170 1,170 - 0% 1118340 51110 Leave-Annual Buyoutave 5,870 5,870 2,984 51% 1118340 51140 Leave-Holiday Buyout 2,640 2,640 - 0% 1118340 52200 Allowance-Mobile CommunicationDevice 960 960 659 69% 1118340 52400 Benefit-ADD/ Life Insurance 1,354 1,354 258 19% 1118340 52450 Benefit-Worker's Compensation 1,827 1,827 1,202 66% 5/7/2026
47 1071
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1118340 52700 Benefit-Deferred CompensationMatching - - 824 0% 1118340 52800 Benefit-Dental 2,525 2,525 1,703 67% 1118340 53000 Benefit-Short/Long Term Disability 3,732 3,732 669 18% 1118340 53300 Benefit-PERS Health 20,740 20,740 25,697 124% 1118340 53400 Benefit-PERS Retirement 43,200 43,200 32,996 76% 1118340 53600 Benefit-Vision 948 948 632 67% 1118340 53700 Taxes-FICA/Medicare Employer 3,310 3,310 2,415 73% 1118340 53980 Vacancy Factor (12,666) (12,666) - 0% 1118340 69200 Liab & Property Ins Charges 18,800 18,800 14,100 75% 1127500 60480 Contract Srvcs-Other - - 297 0% 1127500 60600 Contract Srvcs-Plan Check - - 992 0% 1127500 62680 Postage - - 627 0% 1127500 70000 Construction - - 889,318 0% 1180030 60880 Equipment-Safety 14,000 14,000 6,924 49% 1180030 61000 Fees-Bank Administration - - 7 0% 1180030 61480 Fees-Investment Admin Expense 50 50 21 42% 1193120 51040 Overtime - 50,870 71,141 140% 1193120 51044 FLSA Overtime - - 837 0% 1193120 61000 Fees-Bank Administration 10 10 - 0% 1193120 61480 Fees-Investment Admin Expense 20 20 - 0% 1193120 62440 Other-Special Dept Expenditure 10,100 10,100 2,893 29% 1193120 63080 Program-Every 15 Min 10,000 10,000 - 0% 1270060 61000 Fees-Bank Administration - - 92 0% 1270060 61480 Fees-Investment Admin Expense 850 850 353 41% 1280060 61000 Fees-Bank Administration - - 514 0% 1280060 61480 Fees-Investment Admin Expense - - 1,595 0% 1287500 60360 Contract Srvcs-Engineering - - 43,563 0% 1287500 60480 Contract Srvcs-Other - - 210,841 0% 1290060 61000 Fees-Bank Administration - - 24 0% 1290060 61480 Fees-Investment Admin Expense 30 30 74 246% 1300060 61000 Fees-Bank Administration 90 90 113 126% 1300060 61480 Fees-Investment Admin Expense 450 450 327 73% 1307500 71030 Machinery & Equipment - - 32,867 0% 1310050 61240 Debt Service-Interest - 35,000 - 0% 5/7/2026
48 1072
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1310060 61000 Fees-Bank Administration - - 131 0% 1310060 61480 Fees-Investment Admin Expense 500 500 228 46% 1317500 60480 Contract Srvcs-Other - - 226 0% 1317500 70000 Construction - - 846,541 0% 1320060 61000 Fees-Bank Administration - - 100 0% 1320060 61480 Fees-Investment Admin Expense 1,200 1,200 295 25% 1330060 61000 Fees-Bank Administration - - 401 0% 1330060 61480 Fees-Investment Admin Expense 2,600 2,600 1,113 43% 1337500 60480 Contract Srvcs-Other - - 59,658 0% 1337500 70000 Construction - - 296,272 0% 1337500 71150 Improvements Other than Buildings - - 195,477 0% 1340060 61000 Fees-Bank Administration - - 332 0% 1340060 61480 Fees-Investment Admin Expense 2,500 2,500 994 40% 1350060 61000 Fees-Bank Administration - - 667 0% 1350060 61480 Fees-Investment Admin Expense - - 2,036 0% 1357500 60360 Contract Srvcs-Engineering - - 87,780 0% 1360060 61000 Fees-Bank Administration - - 246 0% 1360060 61480 Fees-Investment Admin Expense 250 250 704 282% 1367500 70000 Construction - - 3,390 0% 1370060 61000 Fees-Bank Administration - - 129 0% 1370060 61480 Fees-Investment Admin Expense 100 100 369 369% 1380060 61000 Fees-Bank Administration - - 824 0% 1380060 61480 Fees-Investment Admin Expense 5,100 5,100 2,249 44% 1400060 61000 Fees-Bank Administration 20 20 5 24% 1400060 61480 Fees-Investment Admin Expense 250 250 37 15% 1410060 61000 Fees-Bank Administration 20 20 19 95% 1410060 61480 Fees-Investment Admin Expense 60 60 55 92% 1513520 51020 Salary & Wages 1,257,430 1,270,132 838,942 66% 1513520 51040 Overtime 11,700 11,700 10,630 91% 1513520 51044 FLSA Overtime - - 395 0% 1513520 51045 Strike Team Overtime 80,000 80,000 94,355 118% 1513520 51100 Leave-Administrative Buyout Leave 690 690 - 0% 1513520 51110 Leave-Annual Buyoutave 18,340 18,340 43,744 239% 1513520 51140 Leave-Holiday Buyout 9,170 9,170 374 4% 5/7/2026
49 1073
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1513520 52200 Allowance-Mobile CommunicationDevice 1,680 1,680 1,154 69% 1513520 52300 Allowance-Uniform 4,300 4,300 2,954 69% 1513520 52400 Benefit-ADD/ Life Insurance 8,296 8,296 1,738 21% 1513520 52450 Benefit-Worker's Compensation 199,362 199,362 137,615 69% 1513520 52700 Benefit-Deferred CompensationMatching - - 9,786 0% 1513520 52701 Benefit-Deferred Comp NTWD401aMatching - - 2,125 0% 1513520 52800 Benefit-Dental 10,099 10,099 6,602 65% 1513520 53000 Benefit-Short/Long Term Disability 15,622 15,622 2,545 16% 1513520 53100 Benefit-Retiree Medicals 185,160 185,160 134,276 73% 1513520 53300 Benefit-PERS Health 76,110 76,110 105,635 139% 1513520 53400 Benefit-PERS Retirement 410,200 410,200 264,137 64% 1513520 53600 Benefit-Vision 3,792 3,792 2,449 65% 1513520 53700 Taxes-FICA/Medicare Employer 19,900 19,900 14,465 73% 1513520 53980 Vacancy Factor (96,658) (96,658) - 0% 1513520 60010 Administrative Costs 300,450 300,450 225,338 75% 1513520 60080 Commission-Planning - - (1,156) 0% 1513520 60440 Contract Srvcs-Legal 62,800 62,800 23,345 37% 1513520 60480 Contract Srvcs-Other 226,950 226,950 83,995 37% 1513520 60520 Contract Srvcs-Property Tax 161,650 161,650 145,096 90% 1513520 60760 Equipment-Computers < $5000 4,800 4,800 - 0% 1513520 60880 Equipment-Safety 45,000 45,000 11,950 27% 1513520 60920 Equipment-Software < $5000 1,500 1,500 80 5% 1513520 61000 Fees-Bank Administration 300 300 68 23% 1513520 61200 Fees-Credit Card Merchant 2,500 2,500 - 0% 1513520 61280 Debt Service-Principal 60,741 60,741 45,877 76% 1513520 61440 Fees-Filing 6,500 6,500 7,317 113% 1513520 61480 Fees-Investment Admin Expense 1,450 1,450 441 30% 1513520 61560 Other Interest Expense 16,440 16,440 8,454 51% 1513520 62000 Maintenance-Building 20,000 20,000 4,829 24% 1513520 62080 Maintenance-Equipment 1,500 1,500 457 30% 1513520 62120 Maintenance-Radio Equipment 8,500 8,500 7,108 84% 1513520 62160 Maintenance-Software Licenses 27,590 29,010 24,581 85% 1513520 62220 Vehicle Fuel 165,000 165,000 124,234 75% 1513520 62440 Other-Special Dept Expenditure 18,055 18,055 7,077 39% 5/7/2026
50 1074
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action

KEY ACCOUNT DESCRIPTION
2025/26

ADOPTED BUDGET
2025/26

AMENDED BUDGET

YTD THRU
3/31/2026 % USED
1513520 62520 Other-Suspense-Expenses - - 15,358 0% 1513520 62680 Postage 5,880 5,880 4,200 71% 1513520 62720 Printing 3,300 3,300 2,057 62% 1513520 62800 Prior Period Expense - - 6,407 0% 1513520 62860 Program-AMR System Enhancement 80,000 378,570 86,541 23% 1513520 62960 Program-Community Relations 8,761 8,761 5,276 60% 1513520 63360 Program-Special Events 32,000 32,000 4,765 15% 1513520 63800 Staff-Uniform Expense 1,500 1,500 - 0% 1513520 63880 Subscription-Membership, Dues, & Publications7,545 7,545 9,481 126% 1513520 64040 Supplies-Maintenance 1,200 1,200 230 19% 1513520 64080 Supplies-Office 9,969 9,969 2,284 23% 1513520 64175 Supplies-EMS Medical 74,000 74,000 57,795 78% 1513520 64200 Supplies-Safety 40,500 40,500 1,763 4% 1513520 64280 Training-Conference/Meeting 9,865 9,865 3,272 33% 1513520 64360 Training & Development 26,381 26,381 14,048 53% 1513520 64520 Utilities-Electric 24,500 24,500 15,860 65% 1513520 64640 Utilities-Telephone 42,000 42,000 33,545 80% 1513520 69100 Srvcs-Information Technology 329,460 329,460 247,095 75% 1513520 69200 Liab & Property Ins Charges 1,093,250 1,093,250 819,938 75% 1513540 51020 Salary & Wages 104,110 104,110 16,939 16% 1513540 51040 Overtime 2,950 2,950 913 31% 1513540 51044 FLSA Overtime - - 77 0% 1513540 51110 Leave-Annual Buyoutave 1,770 1,770 - 0% 1513540 51120 Leave-Compensated Absences/S 3,110 3,110 - 0% 1513540 52200 Allowance-Mobile CommunicationDevice 480 480 - 0% 1513540 52400 Benefit-ADD/ Life Insurance 273 273 10 4% 1513540 52450 Benefit-Worker's Compensation 3,405 3,405 5,509 162% 1513540 52800 Benefit-Dental 1,262 1,262 109 9% 1513540 53000 Benefit-Short/Long Term Disability 1,553 1,553 44 3% 1513540 53100 Benefit-Retiree Medicals - - 9,326 0% 1513540 53300 Benefit-PERS Health 23,800 23,800 3,854 16% 1513540 53400 Benefit-PERS Retirement 24,500 24,500 2,960 12% 1513540 53600 Benefit-Vision 474 474 40 8% 1513540 53700 Taxes-FICA/Medicare Employer 1,550 1,550 260 17% 5/7/2026
51 1075
Fiscal Year 2025/26 Third Quarter Update - June 2, 2026 Council Action