Agenda packet — Orange City Council, May 12, 2026 (part 4 of 5)

AGENCY CMBS
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 2,200,000.00 02/11/2026

3.70%
2,202,750.00
2,202,602.92

99.37 4.07%
2,186,120.20
7,058.33

2.01%
(16,482.72)
Aa1/AA+
AAA

2.15 1.95
3137FNX54 FHMS K-097 A2 2.508
07/25/2029 2,000,000.00 02/18/2026

3.76%
1,919,062.50
1,921,509.14

95.03 4.11%
1,900,588.00
4,180.00

1.74%
(20,921.14)
Aaa/AA+
AA+

3.32 3.09
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,389,113.71

92.74 4.14%
1,391,094.00
2,586.25

1.28%
1,980.29
Aa1/AA+
AAA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137HB2L7 FHMS K-753 A2 4.4 10/25/2030 2,000,000.00 02/18/2026

3.87%
2,040,390.63
2,039,501.60
100.49

4.24%
2,009,774.00
7,333.33

1.84%
(29,727.60)
Aa1/AA+
AAA

4.57 3.97
3137F8ZV8 FHMS K-123 A2 1.621
12/25/2030 2,200,000.00 02/11/2026

3.98%
1,976,648.44
1,982,142.79

89.15 4.22%
1,961,209.80
2,971.83

1.80%
(20,932.99)
Aa1/AA+
AAA

4.74 4.36
Total Agency CMBS 9,900,000.00 3.88%
9,504,671.88
9,534,870.16

95.64 4.16%
9,448,786.00
24,129.75

8.67%
(86,084.16)

3.68 3.35
CASH
CCYUSD Receivable 6,950.57 -- 6,950.57
6,950.57

1.00 6,950.57

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 6,950.57
6,950.57
6,950.57

1.00 6,950.57

0.00 0.01%

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026 2,200,000.00 02/13/2026

3.73%
2,162,545.61
2,172,189.55

98.66 3.94%
2,170,572.80

0.00 1.99%
(1,616.75)
P-1/A-1
NA

0.34 0.43
Total Commercial
Paper 2,200,000.00 3.73%
2,162,545.61
2,172,189.55

98.66 3.94%
2,170,572.80

0.00 1.99%
(1,616.75)

0.34 0.43

CORPORATE
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,947.66
100.48

4.01%
507,430.57
1,661.59

0.47%
2,482.91
A1/A
A+

0.44 0.43
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,979.12
100.53

4.23%
382,010.58
7,627.71

0.35%
2,031.46
A1/A+
NA

0.61 0.50
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
999,251.42
101.16

4.22%
1,011,556.00
10,752.78

0.93%
12,304.58
A1/A
AA-

1.79 1.68
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,236,234.46

99.50 5.06%
1,243,767.50
9,427.22

1.14%
7,533.04
A1/A-
AA-

1.81 0.78
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,477,131.98

99.22 4.03%
1,488,339.00
6,450.00

1.37%
11,207.02
A1/A+
NA

1.89 1.79
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
100.67

4.17%
1,293,609.50
5,343.03

1.19%
8,609.50
Aa3/A
AA-

1.91 1.73
58933YBH7 MERCK & CO INC 4.05
05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,256,776.52
100.12

3.99%
1,251,466.25
18,843.75

1.15%
(5,310.27)
Aa3/A+
NA

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
980,214.89

99.82 4.32%
998,223.00
8,972.22

0.92%
18,008.11
A2/A+
A

2.79 2.58
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,196,888.49
101.46

4.05%
1,217,532.00
9,353.33

1.12%
20,643.51
A1/A+
NA

2.84 2.62
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,373.76
101.83

4.17%
1,272,891.25
5,894.10

1.17%
22,517.49
A1/AA-
NA

2.91 2.60
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 1,000,000.00 --

3.75%
998,465.00
998,497.21

98.81 4.13%
988,106.00
2,261.11

0.91%
(10,391.21)
Aa3/A+
NA

2.94 2.75
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,400.57
101.54

4.23%
1,269,211.25
15,833.33

1.16%
21,810.68
A2/A
A

3.24 2.87
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,959.14
100.09

4.17%
705,667.64
3,865.75

0.65%
1,708.49
Aa3/A+
NA

3.37 3.10
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,271,062.06
101.12

4.29%
1,264,053.75
7,427.08

1.16%
(7,008.31)
A2/A
A

3.38 3.01
40139LBJ1 GUARDIAN LIFE GLOBAL
FUNDING 4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,280,020.44

99.08 4.47%
1,287,991.90
754.54

1.18%
7,971.46
Aa1/AA+
NA

3.49 3.21
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,651.78
100.59

4.42%
834,875.42
12,302.44

0.77%
5,223.64
Aa1/AA+
AAA

3.68 3.30
14913UAX8 CATERPILLAR FINANCIAL
SERVICES CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,601.78
102.31

4.13%
982,173.12
10,624.00

0.90%
23,571.34
A2/A
A+

3.77 3.39
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,724.31
100.87

4.65%
827,102.84
9,152.11

0.76%
8,378.53
Aa3/AA-
AA-

3.78 3.38
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,201,963.10
101.07

4.64%
1,212,854.40
13,365.00

1.11%
10,891.30
Aa3/AA+
AA+

3.78 3.38
57636QAP9 MASTERCARD INC 3.35
03/26/2030 1,200,000.00 03/30/2026

4.28%
1,159,488.00
1,159,515.82

96.70 4.26%
1,160,433.60
558.33

1.06%
917.78
Aa3/A+
NA

3.99 3.68
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030 1,000,000.00 03/30/2026

4.44%
997,420.00
997,421.56

99.85 4.41%
998,526.00
20,173.61

0.92%
1,104.44
A1/A
A+

4.54 4.00
61747YFU4 MORGAN STANLEY 4.654
10/18/2030 2,200,000.00 02/13/2026

4.16%
2,236,300.00
2,235,134.28

99.96 4.68%
2,199,093.60
46,359.01

2.02%
(36,040.68)
A1/A-
A+

4.55 3.17
828807EB9 SIMON PROPERTY GROUP LP 4.3
01/15/2031 1,400,000.00 02/18/2026

4.23%
1,403,920.00
1,403,828.68

98.55 4.64%
1,379,747.60
13,043.33

1.27%
(24,081.08)
A3/A
NA

4.79 4.24
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031 1,300,000.00 02/11/2026

4.22%
1,343,264.00
1,341,823.87
101.83

4.62%
1,323,791.30
12,435.94

1.21%
(18,032.57)
A1/A
AA-

4.82 3.41
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031 1,000,000.00 03/30/2026

4.62%
1,016,100.00
1,016,088.51
101.69

4.61%
1,016,915.00
8,616.25

0.93%
826.49
A2/A-
A

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
02079KBK2 ALPHABET INC 4.1 02/15/2031 1,300,000.00 02/12/2026

4.10%
1,300,075.52
1,300,073.60

99.31 4.26%
1,290,966.30
7,106.67

1.18%
(9,107.30)
Aa2/AA+
NA

4.88 4.35
Total Corporate 29,335,000.00 4.52%
29,266,587.82
29,330,565.02
100.27

4.36%
29,408,335.36
268,204.26

26.98%
77,770.34

3.35 2.84

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 278,772.52 --

3.28%
278,772.52
278,772.52

1.00 3.28%
278,772.52

0.00 0.26%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 278,772.52 3.28%
278,772.52
278,772.52

1.00 3.28%
278,772.52

0.00 0.26%

0.00 0.00

0.00 SUPRANATIONAL
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,000,000.00 07/24/2023

4.19%
1,938,380.00
1,971,688.11

99.32 3.81%
1,986,320.00
15,361.11

1.82%
14,631.89
Aaa/AAA
NA

2.28 2.15
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
635,000.00 03/14/2025

4.20%
632,733.05
633,201.09
100.81

3.90%
640,141.60
800.36

0.59%
6,940.51
Aaa/AAA
NA

3.97 3.63
Total
Supranational 2,635,000.00 4.20%
2,571,113.05
2,604,889.20

99.68 3.84%
2,626,461.60
16,161.48

2.41%
21,572.40

2.69 2.51

US TREASURY
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,000,000.00 09/30/2021

1.01%
2,980,546.88
2,998,061.08

98.59 3.76%
2,957,742.00

71.72 2.71%
(40,319.08)
Aa1/AA+
AA+

0.50 0.49
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 1,500,000.00 03/27/2024

4.18%
1,504,511.72
1,502,669.89
101.15

3.83%
1,517,226.00
5,543.48

1.39%
14,556.11
Aa1/AA+
AA+

2.91 2.71
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,175,928.75
100.83

3.83%
2,218,304.00
247.95

2.03%
42,375.25
Aa1/AA+
AA+

3.00 2.80
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,027,754.34
102.27

3.84%
2,045,312.00
38,839.78

1.88%
17,557.66
Aa1/AA+
AA+

3.08 2.80
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,215,680.09
101.94

3.84%
2,242,625.00
33,181.32

2.06%
26,944.91
Aa1/AA+
AA+

3.17 2.89
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00 --

3.62%
2,540,527.34
2,528,522.23
100.45

3.86%
2,511,132.50
16,574.59

2.30%
(17,389.73)
Aa1/AA+
AA+

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

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,940,008.50

97.64 3.87%
1,952,890.00
5,434.78

1.79%
12,881.50
Aa1/AA+
AA+

3.42 3.19
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,184,214.12
100.01

3.87%
2,200,171.60
232.92

2.02%
15,957.48
Aa1/AA+
AA+

3.50 3.24
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,518,727.98
100.40

3.88%
2,509,960.00
41,988.95

2.30%
(8,767.98)
Aa1/AA+
AA+

3.59 3.25
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,374,698.04
100.83

3.88%
2,419,874.40
33,181.32

2.22%
45,176.36
Aa1/AA+
AA+

3.67 3.33
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,540,721.98
101.27

3.89%
2,531,640.00
17,610.50

2.32%
(9,081.98)
Aa1/AA+
AA+

3.84 3.49
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,761.89
100.38

3.89%
2,710,230.30
9,391.30

2.49%
12,468.41
Aa1/AA+
AA+

3.91 3.58
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,484,281.47

98.96 3.91%
2,474,120.00
247.61

2.27%
(10,161.47)
Aa1/AA+
AA+

4.00 3.68
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,684,687.65

99.89 3.90%
2,697,046.20
43,930.94

2.47%
12,358.55
Aa1/AA+
AA+

4.08 3.68
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,590,687.74

99.39 3.91%
2,584,155.60
32,678.57

2.37%
(6,532.14)
Aa1/AA+
AA+

4.17 3.77
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 2,500,000.00 --

3.68%
2,519,589.84
2,519,115.67

99.83 3.92%
2,495,800.00
16,056.63

2.29%
(23,315.67)
Aa1/AA+
AA+

4.33 3.93
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,388,892.11

98.77 3.93%
2,370,561.60
7,565.22

2.17%
(18,330.51)
Aa1/AA+
AA+

4.42 4.02
Total US Treasury 40,400,000.00 3.77%
40,342,574.24
40,372,413.54
100.11

3.87%
40,438,791.20
302,777.58

37.09%
66,377.66

3.46 3.16
Total Portfolio 109,290,271.84 4.00%
108,719,033.72
108,860,229.58

99.54 4.04%
109,020,479.89
735,162.22
100.00%
160,250.30

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

ACQUISITIONS
Purchase 03/02/2026 31846V203 206,143.80 FIRST AMER:GVT OBLG Y 1.000 3.30% (206,143.80) 0.00 (206,143.80) 0.00
Purchase 03/03/2026 31846V203 2,022,962.27 FIRST AMER:GVT OBLG Y 1.000 3.31% (2,022,962.27) 0.00 (2,022,962.27) 0.00
Purchase 03/16/2026 31846V203 110,579.44 FIRST AMER:GVT OBLG Y 1.000 3.28% (110,579.44) 0.00 (110,579.44) 0.00
Purchase 03/20/2026 31846V203 3.17 FIRST AMER:GVT OBLG
Y 1.000 3.26% (3.17) 0.00 (3.17) 0.00
Purchase 03/20/2026 31846V203 18,526.12 FIRST AMER:GVT OBLG Y 1.000 3.26% (18,526.12) 0.00 (18,526.12) 0.00
Purchase 03/23/2026 31846V203 54,129.75 FIRST AMER:GVT OBLG Y 1.000 3.26% (54,129.75) 0.00 (54,129.75) 0.00
Purchase 03/25/2026 31846V203 61,253.84 FIRST AMER:GVT OBLG Y 1.000 3.27% (61,253.84) 0.00 (61,253.84) 0.00
Purchase 03/26/2026 31846V203 27,163.50 FIRST AMER:GVT OBLG Y 1.000 3.28% (27,163.50) 0.00 (27,163.50) 0.00
Purchase 03/31/2026 025816DY2 1,000,000.00 AMERICAN EXPRESS CO

5.085 01/30/2031 101.610 4.62% (1,016,100.00) (8,475.00) (1,024,575.00) 0.00 Purchase 03/31/2026 24422EYF0 1,000,000.00

JOHN DEERE
CAPITAL CORP 4.375
10/15/2030

99.742 4.44% (997,420.00) (20,173.61) (1,017,593.61) 0.00 Purchase 03/31/2026 57636QAP9 1,200,000.00 MASTERCARD INC 3.35 03/26/2030 96.624 4.28% (1,159,488.00) (558.33) (1,160,046.33) 0.00 Purchase 03/31/2026 91282CNN7 500,000.00

UNITED STATES
TREASURY 3.875
07/31/2030

99.762 3.93% (498,808.59) (3,157.80) (501,966.39) 0.00
Purchase 03/31/2026 91282CLC3 500,000.00

UNITED STATES
TREASURY 4.0
07/31/2029
100.402 3.87% (502,011.72) (3,259.67) (505,271.39) 0.00 Total Purchase 6,700,761.89 (6,674,590.20) (35,624.41) (6,710,214.61) 0.00 TOTAL
ACQUISITIONS 6,700,761.89 (6,674,590.20) (35,624.41) (6,710,214.61) 0.00 464
CONFIDENTIAL | 11
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

DISPOSITIONS
Maturity 03/03/2026 74753DC37 (2,000,000.00)

QUALCOMM
Incorporated
03/03/2026
100.000 3.65% 2,000,000.00 0.00 2,000,000.00 0.00
Total Maturity (2,000,000.00) 2,000,000.00 0.00 2,000,000.00 0.00 Sale 03/02/2026 31846V203 (1,500.00) FIRST AMER:GVT OBLG Y 1.000 3.30% 1,500.00 0.00 1,500.00 0.00
Sale 03/09/2026 31846V203 (985,461.25) FIRST AMER:GVT OBLG Y 1.000 3.28% 985,461.25 0.00 985,461.25 0.00
Sale 03/12/2026 31846V203 (6,339.10) FIRST AMER:GVT OBLG Y 1.000 3.27% 6,339.10 0.00 6,339.10 0.00
Sale 03/31/2026 06368LAQ9 (1,000,000.00) BANK OF MONTREAL

4.7 09/14/2027 100.470 4.91% 1,004,700.00 (2,219.44) 1,006,919.44 7,461.30 Sale 03/31/2026 91282CKD2 (700,000.00)

UNITED STATES
TREASURY 4.25
02/28/2029
101.066 4.18% 707,464.84 (2,506.11) 709,970.95 6,217.72 Sale 03/31/2026 31846V203 (2,346,124.83) FIRST AMER:GVT OBLG Y 1.000 3.28% 2,346,124.83 0.00 2,346,124.83 0.00
Total Sale (5,039,425.18) 5,051,590.02 (4,725.55) 5,056,315.57 13,679.02 TOTAL
DISPOSITIONS (7,039,425.18) 7,051,590.02 (4,725.55) 7,056,315.57 13,679.02 OTHER

TRANSACTIONS
Coupon 03/01/2026 3137FRUT6 0.00 FHMS K-106 A2 2.069
01/25/2030 4.23% 2,586.25 0.00 2,586.25 0.00
Coupon 03/01/2026 3137F8ZV8 0.00 FHMS K-123 A2 1.621
12/25/2030 3.98% 2,971.83 0.00 2,971.83 0.00
Coupon 03/01/2026 3137HB2L7 0.00 FHMS K-753 A2 4.4
10/25/2030 3.87% 7,333.33 0.00 7,333.33 0.00
Coupon 03/01/2026 3137FNX54 0.00 FHMS K-097 A2 2.508
07/25/2029 3.76% 4,180.00 0.00 4,180.00 0.00
465
CONFIDENTIAL | 12
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/01/2026 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 3.70% 7,058.33 0.00 7,058.33 0.00
Coupon 03/08/2026 24422EXD6 0.00 JOHN DEERE CAPITAL
CORP 5.15 09/08/2026 5.18% 13,003.75 0.00 13,003.75 0.00 Coupon 03/14/2026 06368LAQ9 0.00 BANK OF MONTREAL

4.7 09/14/2027 4.91% 23,500.00 0.00 23,500.00 0.00
Coupon 03/15/2026 47786WAD2 0.00 JDOT 2024-B A3 5.2
03/15/2029 5.81% 2,210.00 0.00 2,210.00 0.00
Coupon 03/15/2026 44934QAD3 0.00 HART 2024-B A3 4.84
03/15/2029 5.45% 1,149.50 0.00 1,149.50 0.00
Coupon 03/15/2026 02582JKD1 0.00 AMXCA 2023-3 A 5.23
09/15/2026 5.29% 4,598.04 0.00 4,598.04 0.00
Coupon 03/15/2026 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,558.00 0.00 4,558.00 0.00
Coupon 03/15/2026 47800DAD6 0.00 JDOT 2025 A3 4.23
09/17/2029 5.09% 1,762.50 0.00 1,762.50 0.00
Coupon 03/15/2026 05522RDJ4 0.00 BACCT 2024-1 A 4.93
05/15/2029 4.93% 2,074.71 0.00 2,074.71 0.00
Coupon 03/15/2026 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.92% 1,420.42 0.00 1,420.42 0.00
Coupon 03/15/2026 44935CAD3 0.00 HART 2025-A A3 4.32
10/15/2029 4.84% 2,286.00 0.00 2,286.00 0.00
Coupon 03/15/2026 58768YAD7 0.00 MBALT 2025-A A3 4.61
04/16/2029 4.66% 2,036.08 0.00 2,036.08 0.00
Coupon 03/15/2026 44935DAD1 0.00 HALST 2025-B A3 4.53
04/17/2028 4.53% 1,245.75 0.00 1,245.75 0.00
Coupon 03/15/2026 92970QAE5 0.00 WFCIT 2024-2 A 4.29
10/15/2029 4.29% 2,002.00 0.00 2,002.00 0.00
Coupon 03/15/2026 3133EPDJ1 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.375 09/15/2027

3.81% 43,750.00 0.00 43,750.00 0.00
Coupon 03/15/2026 161571HZ0 0.00 CHAIT 2025-1 A 4.16
07/15/2030 3.70% 3,120.00 0.00 3,120.00 0.00
466
CONFIDENTIAL | 13
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/15/2026 47800CAC0 0.00 JDOT 2023 A3 5.01
11/15/2027 3.39% 483.82 0.00 483.82 0.00
Coupon 03/20/2026 362962AD4 0.00 GMALT 2025-2 A3 4.58
05/22/2028 4.80% 3,759.41 0.00 3,759.41 0.00
Coupon 03/20/2026 36271VAD9 0.00 GMALT 2025-1 A3 4.66
02/21/2028 4.66% 1,669.83 0.00 1,669.83 0.00
Coupon 03/20/2026 459058LR2 0.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 4.125
03/20/2030

4.20% 13,100.05 0.00 13,100.05 0.00
Coupon 03/21/2026 438123AC5 0.00 HAROT 2023-4 A3 5.67
06/21/2028 5.74% 939.43 0.00 939.43 0.00
Coupon 03/21/2026 43815JAC7 0.00 HAROT 2023-1 A3 5.04
04/21/2027 5.09% 122.89 0.00 122.89 0.00
Coupon 03/21/2026 43813YAC6 0.00 HAROT 2024-3 A3 4.57
03/21/2029 4.66% 2,399.25 0.00 2,399.25 0.00
Coupon 03/21/2026 43814VAC1 0.00 HAROT 2025-1 A3 4.57
09/21/2029 4.57% 3,027.62 0.00 3,027.62 0.00
Coupon 03/25/2026 05592XAD2 0.00 BMWOT 2023-A A3

5.47 02/25/2028 5.47% 285.15 0.00 285.15 0.00
Coupon 03/25/2026 096919AD7 0.00 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 1,654.96 0.00 1,654.96 0.00
Coupon 03/25/2026 096924AD7 0.00 BMWOT 2025-A A3

4.56 09/25/2029 4.56% 2,584.00 0.00 2,584.00 0.00
Coupon 03/26/2026 40139LBJ1 0.00

GUARDIAN LIFE

GLOBAL FUNDING

4.179 09/26/2029

4.67% 27,163.50 0.00 27,163.50 0.00
Coupon 03/31/2026 91282CKG5 0.00

UNITED STATES
TREASURY 4.125
03/31/2029

4.53% 45,375.00 0.00 45,375.00 0.00
Coupon 03/31/2026 91282CFL0 0.00

UNITED STATES
TREASURY 3.875
09/30/2029

TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price
Acq/
Disp
Yield
Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/31/2026 91282CGS4 0.00

UNITED STATES
TREASURY 3.625
03/31/2030

3.80% 45,312.50 0.00 45,312.50 0.00
Coupon 03/31/2026 91282CCZ2 0.00

UNITED STATES
TREASURY 0.875
09/30/2026

1.01% 13,125.00 0.00 13,125.00 0.00
Total Coupon 0.00 336,473.90 0.00 336,473.90 0.00
Custody Fee 03/25/2026 CCYUSD (737.46) Cash 0.00% (737.46) 0.00 (737.46) 0.00 Total Custody Fee (737.46) (737.46) 0.00 (737.46) 0.00
Dividend 03/31/2026 31846V203 0.00 FIRST AMER:GVT OBLG
Y 3.28% 6,950.57 0.00 6,950.57 0.00
Total Dividend 0.00 6,950.57 0.00 6,950.57 0.00
Management Fee 03/12/2026 CCYUSD (6,339.10) Cash 0.00% (6,339.10) 0.00 (6,339.10) 0.00 Total
Management Fee (6,339.10) (6,339.10) 0.00 (6,339.10) 0.00 Principal Paydown 03/15/2026 47786WAD2 1,871.83 JDOT 2024-B A3 5.2 03/15/2029 5.81% 1,871.83 -- 1,871.83 0.00
Principal Paydown 03/15/2026 47800CAC0 12,510.79 JDOT 2023 A3 5.01 11/15/2027 3.39% 12,510.79 -- 12,510.79 (0.00)
Principal Paydown 03/21/2026 438123AC5 16,080.03 HAROT 2023-4 A3 5.67 06/21/2028 5.74% 16,080.03 -- 16,080.03 (0.00)
Principal Paydown 03/21/2026 43815JAC7 8,952.79 HAROT 2023-1 A3 5.04 04/21/2027 5.09% 8,952.79 -- 8,952.79 0.00
Principal Paydown 03/21/2026 43813YAC6 22,607.74 HAROT 2024-3 A3 4.57 03/21/2029 4.66% 22,607.74 -- 22,607.74 (0.00)
Principal Paydown 03/25/2026 05592XAD2 7,634.21 BMWOT 2023-A A3

5.47 02/25/2028 5.47% 7,634.21 -- 7,634.21 0.00
Principal Paydown 03/25/2026 096919AD7 25,703.24 BMWOT 2024-A A3

5.18 02/26/2029 5.18% 25,703.24 -- 25,703.24 0.01
Total Principal
Paydown 95,360.63 95,360.63 -- 95,360.63 0.01

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
31846V203 FIRST AMER:GVT OBLG Y
278,772.52
1,117,435.81
2,500,761.89
(3,339,425.18)
278,772.52

0.00 22,962.27

0.00 0.00

0.00 22,962.27
22,962.27
74753DC37 QUALCOMM Incorporated
03/03/2026
02/24/2026
02/24/2026

0.00 1,999,594.45

0.00 (2,000,000.00)

0.00 0.00

0.00 405.55

0.00 405.55
405.55
405.55
CCYUSD Payable

0.00 (998,465.00)

0.00 0.00

0.00 0.00
CCYUSD Receivable
6,950.57
227,606.07

0.00 0.00
6,950.57

0.00 0.00

0.00 Total Cash & Equivalents 285,723.09
2,346,171.33
2,500,761.89
(5,339,425.18)
285,723.09

0.00 22,962.27

0.00 22,962.27
405.55

0.00 405.55
23,367.82 23,367.82

FIXED INCOME
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 03/09/2026
1,000,000.00
998,465.00

0.00 0.00
998,497.21

0.00 0.00
2,261.11
2,261.11

32.21 0.00

32.21 2,293.32
2,293.32
02079KBK2 ALPHABET INC 4.1
02/15/2031
02/12/2026
02/17/2026
1,300,000.00
1,300,074.98

0.00 0.00
1,300,073.60
2,665.00

0.00 7,106.67
4,441.67

4.47 (5.85)
(1.38)
4,440.28
4,440.28
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031
03/30/2026
03/31/2026
1,000,000.00

0.00 1,016,100.00

0.00 1,016,088.51

0.00 (8,475.00)
8,616.25
141.25

0.00 0.00
349,998.72
757.56
1,420.42
757.56
1,420.42

0.90 0.00

0.90 1,421.32
1,421.32
02582JKD1 AMXCA 2023-3 A 5.23
09/15/2026
09/12/2023
09/19/2023
1,055,000.00
1,054,991.45

0.00 0.00
1,054,992.79
2,452.29
4,598.04
2,452.29
4,598.04

1.34 0.00

1.34 4,599.38
4,599.38
05522RDJ4 BACCT 2024-1 A 4.93
05/15/2029
06/06/2024
06/13/2024
505,000.00
504,981.61

0.00 0.00
504,982.09
1,106.51
2,074.71
1,106.51
2,074.71

0.49 0.00

0.49 2,075.20
2,075.20
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
54,922.56
62,551.98

0.00 (7,634.21)
54,918.54

57.03 285.15

50.07 278.19

0.76 0.00

0.76 278.95
278.95
06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
06/27/2024
06/28/2024
1,250,000.00
1,234,782.99

0.00 0.00
1,236,234.46
5,443.89

0.00 9,427.22
3,983.33
1,451.47

0.00 1,451.47
5,434.80
5,434.80
06368LAQ9 BANK OF MONTREAL 4.7
09/14/2027
03/30/2023
03/31/2023

0.00 997,082.99

0.00 (997,238.70)

0.00 21,802.78
25,719.44

0.00 3,916.66
155.71

0.00 155.71
4,072.37
4,072.37
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
357,684.95
383,351.20

0.00 (25,703.23)
357,651.42
330.99
1,654.96
308.80
1,632.77

3.46 0.00

3.46 1,636.23
1,636.23
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029
02/04/2025
02/12/2025
680,000.00
679,948.20

0.00 0.00
679,949.43
516.80
2,584.00
516.80
2,584.00

1.23 0.00

1.23 2,585.23
2,585.23
14913UAX8

CATERPILLAR FINANCIAL
SERVICES CORP 4.8
01/08/2030
01/06/2025
01/08/2025
960,000.00
958,570.32

0.00 0.00
958,601.78
6,784.00

0.00 10,624.00
3,840.00

31.45 0.00

0.00 0.00
1,059,855.58
2,430.93
4,558.00
2,430.93
4,558.00

4.99 0.00

4.99 4,562.99
4,562.99
161571HZ0 CHAIT 2025-1 A 4.16
07/15/2030
02/26/2026
02/27/2026
900,000.00
910,066.62

0.00 0.00
909,706.68
1,664.00
3,120.00
1,664.00
3,120.00

0.00 (359.94)
(359.94)
2,760.06
2,760.06
171239AL0 CHUBB INA HOLDINGS LLC

4.65 08/15/2029
09/26/2024
09/27/2024
1,250,000.00
1,271,605.71

0.00 0.00
1,271,062.06
2,583.33

0.00 7,427.08
4,843.75

0.00 (543.65)
(543.65)
4,300.10
4,300.10
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
02/27/2024
02/29/2024
1,250,000.00
1,250,385.00

0.00 0.00
1,250,373.76
842.01

0.00 5,894.10
5,052.08

0.00 (11.24)
(11.24)
5,040.85
5,040.85
24422EXD6 JOHN DEERE CAPITAL CORP

5.15 09/08/2026
09/05/2023
09/08/2023
505,000.00
504,937.52

0.00 0.00
504,947.66
12,498.05
13,003.75
1,661.59
2,167.29

10.14 0.00

10.14 2,177.43
2,177.43
24422EYF0 JOHN DEERE CAPITAL CORP

4.375 10/15/2030
03/30/2026
03/31/2026
1,000,000.00

0.00 997,420.00

0.00 997,421.56

0.00 (20,173.61)
20,173.61

0.00 1.56

1.56 1.56
3130AEB25 FEDERAL HOME LOAN BANKS

3.25 06/09/2028
07/24/2023
07/25/2023
2,000,000.00
1,963,223.23

0.00 0.00
1,964,595.17
14,805.56

0.00 20,222.22
5,416.67
1,371.94

0.00 1,371.94
6,788.60
6,788.60
3130ANDF4 FEDERAL HOME LOAN BANKS

0.9 07/29/2026
07/29/2021
07/29/2021
5,000,000.00
5,000,000.00

0.00 0.00
5,000,000.00
4,000.00

0.00 7,750.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3130AXQK7 FEDERAL HOME LOAN BANKS

4.75 12/08/2028
01/29/2024
01/30/2024
2,000,000.00
2,034,638.43

0.00 0.00
2,033,578.42
21,902.78

0.00 29,819.44
7,916.67

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.375
09/15/2027
03/27/2023
03/28/2023
2,000,000.00
2,015,772.28

0.00 0.00
2,014,903.82
40,347.22
43,750.00
3,888.89
7,291.67

0.00 (868.46)
(868.46)
6,423.21
6,423.21
3133ERDH1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
04/30/2029
04/29/2024
04/30/2024
2,100,000.00
2,102,698.81

0.00 0.00
2,102,626.44
33,527.08

0.00 41,839.58
8,312.50

0.00 (72.37)
(72.37)
8,240.13
8,240.13
3137F8ZV8 FHMS K-123 A2 1.621
12/25/2030
02/11/2026
02/17/2026
2,200,000.00
1,978,181.75

0.00 0.00
1,982,142.79
2,971.83
2,971.83
2,971.83
2,971.83
3,961.04

0.00 3,961.04
6,932.87
6,932.87
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028
02/11/2026
02/17/2026
2,200,000.00
2,202,708.96

0.00 0.00
2,202,602.92
7,058.33
7,058.33
7,058.33
7,058.33

0.00 (106.03)
(106.03)
6,952.30
6,952.30
3137FNX54 FHMS K-097 A2 2.508
07/25/2029
02/18/2026
02/23/2026
2,000,000.00
1,919,459.25

0.00 0.00
1,921,509.14
4,180.00
4,180.00
4,180.00
4,180.00
2,049.89

0.00 2,049.89
6,229.89
6,229.89
3137FRUT6 FHMS K-106 A2 2.069
01/25/2030
06/12/2025
06/17/2025
1,500,000.00
1,386,606.43

0.00 0.00
1,389,113.71
2,586.25
2,586.25
2,586.25
2,586.25
2,507.28

0.00 2,507.28
5,093.53
5,093.53
3137HB2L7 FHMS K-753 A2 4.4
10/25/2030
02/18/2026
02/23/2026
2,000,000.00
2,040,246.46

0.00 0.00
2,039,501.60
7,333.33
7,333.33
7,333.33
7,333.33

0.00 (744.86)
(744.86)
6,588.47
6,588.47
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028
02/05/2025
02/12/2025
430,000.00
429,966.82

0.00 0.00
429,968.24
612.27
1,669.83
612.27
1,669.83

1.42 0.00

1.42 1,671.25
1,671.25
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 05/29/2025
985,000.00
985,352.52

0.00 0.00
985,329.40
1,378.45
3,759.41
1,378.45
3,759.41

0.00 0.00
1,280,020.44
23,390.79
27,163.50
754.54
4,527.25
486.16

0.00 486.16
5,013.41
5,013.41
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/27/2024
06/28/2024
1,250,000.00
1,247,332.34

0.00 0.00
1,247,400.57
10,885.42

0.00 15,833.33
4,947.92

68.23 0.00

68.23 5,016.15
5,016.15
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028
11/01/2023
11/08/2023
182,741.57
198,804.11

0.00 (16,080.03)
182,726.09
313.14
939.43
287.82
914.10

2.01 0.00

2.01 916.11
916.11
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029
08/09/2024
08/21/2024
607,392.26
629,933.98

0.00 (22,607.74)
607,330.38
799.75
2,399.25
771.05
2,370.55

4.14 0.00

4.14 2,374.69
2,374.69
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029
02/04/2025
02/11/2025
795,000.00
794,981.08

0.00 0.00
794,981.53
1,009.21
3,027.62
1,009.21
3,027.62

0.45 0.00

0.45 3,028.07
3,028.07
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027
02/16/2023
02/24/2023
20,305.57
29,256.86

0.00 (8,952.79)
20,304.61

40.96 122.89

28.43 110.36

0.53 0.00

0.53 110.89
110.89
44934QAD3 HART 2024-B A3 4.84
03/15/2029
07/16/2024
07/24/2024
285,000.00
284,971.83

0.00 0.00
284,972.62
613.07
1,149.50
613.07
1,149.50

0.79 0.00

0.79 1,150.29
1,150.29
44935CAD3 HART 2025-A A3 4.32
10/15/2029
03/04/2025
03/12/2025
635,000.00
634,926.10

0.00 0.00
634,927.83
1,219.20
2,286.00
1,219.20
2,286.00

1.73 0.00

1.73 2,287.73
2,287.73
44935DAD1 HALST 2025-B A3 4.53
04/17/2028
04/24/2025
04/30/2025
330,000.00
329,978.59

0.00 0.00
329,979.45
664.40
1,245.75
664.40
1,245.75

0.85 0.00

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
2,000,000.00
1,970,634.48

0.00 0.00
1,971,688.11
9,527.78

0.00 15,361.11
5,833.33
1,053.62

0.00 1,053.62
6,886.96
6,886.96
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
03/14/2025
03/20/2025
635,000.00
633,162.60

0.00 0.00
633,201.09
11,714.43
13,100.05
800.36
2,185.99

38.49 0.00

38.49 2,224.47
2,224.47
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031
02/11/2026
02/12/2026
1,300,000.00
1,342,753.95

0.00 0.00
1,341,823.87
6,867.61

0.00 12,435.94
5,568.33

0.00 (930.09)
(930.09)
4,638.25
4,638.25
47786WAD2 JDOT 2024-B A3 5.2
03/15/2029
06/11/2024
06/18/2024
508,128.17
509,936.07

0.00 (1,871.83)
508,066.25
1,178.67
2,210.00
1,174.34
2,205.67

2.01 0.00

2.01 2,207.69
2,207.69
47800CAC0 JDOT 2023 A3 5.01
11/15/2027
02/22/2023
03/02/2023
103,373.67
115,876.79

0.00 (12,510.79)
103,367.17
258.04
483.82
230.18
455.96

1.17 0.00

1.17 457.13
457.13
47800DAD6 JDOT 2025 A3 4.23
09/17/2029
03/04/2025
03/11/2025
500,000.00
499,975.31

0.00 0.00
499,975.90
940.00
1,762.50
940.00
1,762.50

0.59 0.00

0.59 1,763.09
1,763.09
532457CQ9 ELI LILLY AND CO 4.2
08/14/2029
08/12/2024
08/14/2024
705,000.00
703,932.93

0.00 0.00
703,959.14
1,398.25

0.00 3,865.75
2,467.50

26.21 0.00

26.21 2,493.71
2,493.71
57629TBV8 MASSMUTUAL GLOBAL
FUNDING II 4.95 01/10/2030 1,200,000.00
1,202,007.20

0.00 0.00
1,201,963.10
8,415.00

0.00 13,365.00
4,950.00

8.15 (52.25)
(44.10)
4,905.90
4,905.90
57636QAP9 MASTERCARD INC 3.35
03/26/2030
03/30/2026
03/31/2026
1,200,000.00

0.00 1,159,488.00

0.00 1,159,515.82

0.00 (558.33)
558.33

0.00 27.82

0.00 0.00
529,949.66
1,085.91
2,036.08
1,085.91
2,036.08

1.40 0.00

1.40 2,037.48
2,037.48
58933YBH7 MERCK & CO INC 4.05
05/17/2028
09/26/2024
09/27/2024
1,250,000.00
1,257,057.74

0.00 0.00
1,256,776.52
14,625.00

0.00 18,843.75
4,218.75

0.00 (281.22)
(281.22)
3,937.53
3,937.53
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030
01/02/2025
01/09/2025
820,000.00
818,695.63

0.00 0.00
818,724.31
5,803.78

0.00 9,152.11
3,348.33

28.68 0.00

28.68 3,377.01
3,377.01
61747YFU4 MORGAN STANLEY 4.654
10/18/2030
02/13/2026
02/17/2026
2,200,000.00
2,235,974.68

0.00 0.00
2,235,134.28
37,826.68

0.00 46,359.01
8,532.33

0.00 (840.40)
(840.40)
7,691.93
7,691.93
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026
02/13/2026
02/17/2026
2,200,000.00
2,165,236.94

0.00 0.00
2,172,189.55

0.00 0.00

0.00 0.00
6,952.61

0.00 6,952.61
6,952.61
6,952.61
64952WFK4 NEW YORK LIFE GLOBAL
FUNDING 4.6 12/05/2029
12/02/2024
12/05/2024
830,000.00
829,643.75

0.00 0.00
829,651.78
9,120.78

0.00 12,302.44
3,181.67

8.03 0.00

8.03 3,189.70
3,189.70
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
03/27/2024
03/28/2024
1,200,000.00
1,196,795.38

0.00 0.00
1,196,888.49
4,753.33

0.00 9,353.33
4,600.00

93.11 0.00

93.11 4,693.11
4,693.11
713448FL7 PEPSICO INC 3.6 02/18/2028
03/27/2024
03/28/2024
1,500,000.00
1,476,101.59

0.00 0.00
1,477,131.98
1,950.00

0.00 6,450.00
4,500.00
1,030.39

0.00 1,030.39
5,530.39
5,530.39
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
380,000.00
379,976.22

0.00 0.00
379,979.12
6,004.79

0.00 7,627.71
1,622.92

2.90 0.00

0.00 0.00
999,251.42
6,669.44

0.00 10,752.78
4,083.33

35.65 0.00

35.65 4,118.98
4,118.98
828807EB9 SIMON PROPERTY GROUP LP

4.3 01/15/2031
02/18/2026
02/19/2026
1,400,000.00
1,403,897.73

0.00 0.00
1,403,828.68
8,026.67

0.00 13,043.33
5,016.67

0.00 (69.05)
(69.05)
4,947.62
4,947.62
857477CU5 STATE STREET CORP 4.536
02/28/2028
02/25/2025
02/28/2025
1,285,000.00
1,285,000.00

0.00 0.00
1,285,000.00
485.73
29,143.80
5,343.03
34,001.10

0.00 0.00

0.00 34,001.10
34,001.10
91282CCZ2 UNITED STATES TREASURY

0.875 09/30/2026
09/30/2021
09/30/2021
3,000,000.00
2,997,730.82

0.00 0.00
2,998,061.08
10,961.54
13,125.00

71.72 2,235.18
330.26

0.00 330.26
2,565.44
2,565.44
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
10/30/2024
10/31/2024
2,000,000.00
1,938,518.33

0.00 0.00
1,940,008.50
169.84
31,250.00
5,434.78
36,514.95
1,490.17

0.00 1,490.17
38,005.12
38,005.12
91282CFL0 UNITED STATES TREASURY

3.875 09/30/2029
10/30/2024
10/31/2024
2,200,000.00
2,183,831.21

0.00 0.00
2,184,214.12
35,598.90
42,625.00
232.92
7,259.02
382.91

0.00 382.91
7,641.93
7,641.93
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029
04/29/2025
04/30/2025
2,500,000.00
2,519,171.50

0.00 0.00
2,518,727.98
33,425.41

0.00 41,988.95
8,563.54

0.00 (443.52)
(443.52)
8,120.02
8,120.02
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00
2,697,713.34

0.00 0.00
2,697,761.89
293.48
54,000.00
9,391.30
63,097.83

48.55 0.00

48.55 63,146.38
63,146.38
91282CGS4 UNITED STATES TREASURY

3.625 03/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,483,947.72

0.00 0.00
2,484,281.47
37,843.41
45,312.50
247.61
7,716.70
333.75

3.75 05/31/2030 2,600,000.00
2,590,497.94

0.00 0.00
2,590,687.74
24,375.00

0.00 32,678.57
8,303.57
201.57
(11.78)
189.80
8,493.37
8,493.37
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/27/2024
03/28/2024
1,500,000.00
2,204,029.94

0.00 (701,247.12)
1,502,669.89
254.08
49,256.11
5,543.48
54,545.51

0.00 (112.92)
(112.92)
54,432.59
54,432.59
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
05/28/2024
05/29/2024
2,200,000.00
2,175,247.28

0.00 0.00
2,175,928.75
37,895.60
45,375.00
247.95
7,727.35
681.47

0.00 681.47
8,408.82
8,408.82
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029 2,000,000.00
2,028,519.12

0.00 0.00
2,027,754.34
30,918.51

0.00 38,839.78
7,921.27

0.00 (764.79)
(764.79)
7,156.48
7,156.48
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/13/2024
06/14/2024
2,200,000.00
2,216,100.57

0.00 0.00
2,215,680.09
24,750.00

0.00 33,181.32
8,431.32

0.00 (420.49)
(420.49)
8,010.83
8,010.83
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00
2,027,187.50
502,011.72

0.00 2,528,522.23
6,408.84
(3,259.67)
16,574.59
6,906.08

0.00 (676.98)
(676.98)
6,229.09
6,229.09
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/27/2024
12/30/2024
2,400,000.00
2,374,112.26

0.00 0.00
2,374,698.04
24,750.00

0.00 33,181.32
8,431.32
585.78

0.00 585.78
9,017.10
9,017.10
91282CMG3 UNITED STATES TREASURY

4.25 01/31/2030
04/29/2025
04/30/2025
2,500,000.00
2,541,623.04

0.00 0.00
2,540,721.98
8,511.74

0.00 17,610.50
9,098.76

0.00 (901.06)
(901.06)
8,197.70
8,197.70
91282CMZ1 UNITED STATES TREASURY

3.875 04/30/2030
05/29/2025
05/30/2025
2,700,000.00
2,684,369.07

0.00 0.00
2,684,687.65
34,971.34

0.00 43,930.94
8,959.60
318.58

3.875 07/31/2030 2,500,000.00
2,020,704.23
498,808.59

0.00 2,519,115.67
6,208.56
(3,157.80)
16,056.63
6,690.27

0.75 (397.91)
(397.16)
6,293.11
6,293.11
91282CNX5 UNITED STATES TREASURY

3.625 08/31/2030
09/29/2025
09/29/2025
2,400,000.00
2,388,678.63

0.00 0.00
2,388,892.11
236.41
43,500.00
7,565.22
50,828.80
213.48

0.00 213.48
51,042.29
51,042.29
91324PEU2 UNITEDHEALTH GROUP INC

4.25 01/15/2029
05/28/2024
05/29/2024
1,000,000.00
979,613.58

0.00 0.00
980,214.89
5,430.56

0.00 8,972.22
3,541.67
601.31

0.00 601.31
4,142.98
4,142.98
92970QAE5 WFCIT 2024-2 A 4.29
10/15/2029
10/17/2024
10/24/2024
560,000.00
559,939.36

0.00 0.00
559,940.78
1,067.73
2,002.00
1,067.73
2,002.00

1.42 0.00

1.42 2,003.42
2,003.42
Total Fixed Income 109,004,548.75
106,177,576.61
4,173,828.31
(1,793,846.44)
108,574,506.49
702,297.06
510,218.84
735,162.22
543,084.00
26,657.71
(9,709.69)
16,948.02
560,032.02 560,032.02
TOTAL PORTFOLIO 109,290,271.84
108,523,747.93
6,674,590.20
(7,133,271.62)
108,860,229.58
702,297.06
533,181.11
735,162.22
566,046.27
27,063.26
(9,709.69)
17,353.57
583,399.84 583,399.84
478
CONFIDENTIAL | 25
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount APRIL 2026
04/01/2026 Dividend 31846V203 0.00 FIRST AMER:GVT OBLG Y 6,950.57 6,950.57 04/15/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 04/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 04/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 04/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 04/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 04/15/2026 Coupon 24422EYF0 1,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 21,875.00 21,875.00 04/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,149.50 1,149.50 04/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 2,968.38 2,968.38 04/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 04/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 04/15/2026 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 2,201.89 2,201.89 04/15/2026 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 34,400.60 34,400.60 04/15/2026 Coupon 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 458.24 458.24 04/15/2026 Principal Paydown 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 14,961.06 14,961.06 04/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 04/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 04/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 04/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 04/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 04/20/2026 Coupon 61747YFU4 2,200,000.00 MORGAN STANLEY 4.654 10/18/2030 51,194.00 51,194.00 04/21/2026 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 888.50 888.50 04/21/2026 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 15,320.56 15,320.56 04/21/2026 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 2,399.25 2,399.25 04/21/2026 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 18,287.21 18,287.21 04/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 04/21/2026 Coupon 43815JAC7 20,305.57 HAROT 2023-1 A3 5.04 04/21/2027 116.66 116.66 04/21/2026 Principal Paydown 43815JAC7 20,305.57 HAROT 2023-1 A3 5.04 04/21/2027 8,875.13 8,875.13 04/27/2026 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 250.36 250.36 04/27/2026 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 2,681.22 2,681.22 04/27/2026 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 1,544.01 1,544.01 479
CONFIDENTIAL | 26
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/27/2026 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 5,329.01 5,329.01 04/27/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 04/27/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 04/27/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 04/27/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 04/27/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 04/27/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 04/30/2026 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
04/30/2026 Coupon 91282CFT3 2,500,000.00 UNITED STATES TREASURY 4.0 10/31/2029 50,000.00 50,000.00 04/30/2026 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 04/30/2026 Coupon 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 April 2026 Total 109,773.73 340,789.02 450,562.75
MAY 2026
05/11/2026 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 9,737.50 9,737.50 05/15/2026 Coupon 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,420.42 1,420.42 05/15/2026 Final Maturity 02582JJZ4 350,000.00 AMXCA 2023-1 A 4.87 05/15/2026 350,000.00 350,000.00 05/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 05/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 05/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 05/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 05/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,137.53 1,137.53 05/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,883.28 15,883.28 05/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 05/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 05/15/2026 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 2,052.82 2,052.82 05/15/2026 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 31,665.68 31,665.68 05/15/2026 Coupon 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 395.78 395.78 05/15/2026 Principal Paydown 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 14,976.79 14,976.79 05/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 05/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 05/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 480
CONFIDENTIAL | 27
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/18/2026 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 05/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 05/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 05/21/2026 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 816.11 816.11 05/21/2026 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 14,758.93 14,758.93 05/21/2026 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 2,329.61 2,329.61 05/21/2026 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 37,522.75 37,522.75 05/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 05/21/2026 Coupon 43815JAC7 20,305.57 HAROT 2023-1 A3 5.04 04/21/2027 79.39 79.39 05/21/2026 Principal Paydown 43815JAC7 20,305.57 HAROT 2023-1 A3 5.04 04/21/2027 8,556.61 8,556.61 05/25/2026 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 238.13 238.13 05/25/2026 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 6,312.18 6,312.18 05/25/2026 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 1,521.00 1,521.00 05/25/2026 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 21,829.22 21,829.22 05/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 05/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 05/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 05/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 05/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 05/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 May 2026 Total 501,505.43 103,894.49 605,399.92
JUNE 2026
06/01/2026 Coupon 91282CHF1 2,600,000.00 UNITED STATES TREASURY 3.75 05/31/2030 48,750.00 48,750.00 06/01/2026 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 06/01/2026 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 06/05/2026 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
06/08/2026 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 06/09/2026 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 06/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 06/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 06/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 481
CONFIDENTIAL | 28
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 06/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,073.47 1,073.47 06/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,577.38 15,577.38 06/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 06/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 06/15/2026 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 1,915.60 1,915.60 06/15/2026 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 20,200.52 20,200.52 06/15/2026 Coupon 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 333.25 333.25 06/15/2026 Principal Paydown 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 13,100.06 13,100.06 06/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 06/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 06/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 06/22/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 06/22/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 06/22/2026 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 746.37 746.37 06/22/2026 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 12,416.46 12,416.46 06/22/2026 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 2,186.71 2,186.71 06/22/2026 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 36,833.76 36,833.76 06/22/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 06/22/2026 Coupon 43815JAC7 20,305.57 HAROT 2023-1 A3 5.04 04/21/2027 43.45 43.45 06/22/2026 Principal Paydown 43815JAC7 20,305.57 HAROT 2023-1 A3 5.04 04/21/2027 8,353.05 8,353.05 06/25/2026 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 209.36 209.36 06/25/2026 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 6,199.18 6,199.18 06/25/2026 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 1,426.77 1,426.77 06/25/2026 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 21,454.06 21,454.06 06/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 06/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 06/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 06/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 06/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 06/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 06/25/2026 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 482
CONFIDENTIAL | 29
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount June 2026 Total 134,134.47 343,316.19 477,450.65
JULY 2026
07/08/2026 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
07/09/2026 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
07/10/2026 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
07/13/2026 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
07/13/2026 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 07/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 07/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 07/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 07/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 07/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 1,010.64 1,010.64 07/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 15,280.31 15,280.31 07/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 07/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 07/15/2026 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 1,828.07 1,828.07 07/15/2026 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 22,782.70 22,782.70 07/15/2026 Coupon 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 278.56 278.56 07/15/2026 Principal Paydown 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 13,573.30 13,573.30 07/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 07/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 07/15/2026 Coupon 828807EB9 1,400,000.00 SIMON PROPERTY GROUP LP 4.3 01/15/2031 30,434.44 30,434.44 07/15/2026 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 07/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 07/20/2026 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 07/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,669.83 1,669.83 07/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 9,347.29 9,347.29 07/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 483
CONFIDENTIAL | 30
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/21/2026 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 687.70 687.70 07/21/2026 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 12,141.75 12,141.75 07/21/2026 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 2,046.43 2,046.43 07/21/2026 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 36,059.58 36,059.58 07/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 07/21/2026 Coupon 43815JAC7 20,305.57 HAROT 2023-1 A3 5.04 04/21/2027 8.37 8.37 07/21/2026 Effective Maturity 43815JAC7 20,305.57 HAROT 2023-1 A3 5.04 04/21/2027 1,992.11 1,992.11 07/24/2026 Coupon 46647PEV4 1,300,000.00 JPMORGAN CHASE & CO 5.14 01/24/2031 33,410.00 33,410.00 07/27/2026 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 181.10 181.10 07/27/2026 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 6,078.71 6,078.71 07/27/2026 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 1,334.16 1,334.16 07/27/2026 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 21,093.61 21,093.61 07/27/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 07/27/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 07/27/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 07/27/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 07/27/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 07/27/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 07/29/2026 Coupon 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 22,500.00 22,500.00 07/29/2026 Final Maturity 3130ANDF4 5,000,000.00 FEDERAL HOME LOAN BANKS 0.9 07/29/2026 5,000,000.00 5,000,000.00 07/30/2026 Coupon 025816DY2 1,000,000.00 AMERICAN EXPRESS CO 5.085 01/30/2031 25,425.00 25,425.00 07/31/2026 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2026 Coupon 91282CLC3 2,500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 50,000.00 50,000.00 07/31/2026 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 07/31/2026 Coupon 91282CNN7 2,500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 48,437.50 48,437.50 July 2026 Total 5,138,349.35 534,640.68 5,672,990.03
AUGUST 2026
08/03/2026 Final Maturity 62479MH30 2,200,000.00 MUFG Bank, Ltd., New York Branch 08/03/2026 2,200,000.00 2,200,000.00 08/14/2026 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 08/17/2026 Coupon 02079KBK2 1,300,000.00 ALPHABET INC 4.1 02/15/2031 26,946.11 26,946.11 08/17/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 08/17/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 484
CONFIDENTIAL | 31
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/17/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 08/17/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 08/17/2026 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 08/17/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 949.01 949.01 08/17/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 14,878.34 14,878.34 08/17/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 08/17/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 08/17/2026 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 1,729.34 1,729.34 08/17/2026 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 23,562.69 23,562.69 08/17/2026 Coupon 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 221.89 221.89 08/17/2026 Principal Paydown 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 12,616.20 12,616.20 08/17/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 08/17/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 08/17/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 08/18/2026 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 08/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,633.53 1,633.53 08/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 50,663.44 50,663.44 08/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 08/21/2026 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 630.33 630.33 08/21/2026 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 11,812.31 11,812.31 08/21/2026 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 1,909.10 1,909.10 08/21/2026 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 35,014.90 35,014.90 08/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 08/25/2026 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 153.39 153.39 08/25/2026 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 5,932.13 5,932.13 08/25/2026 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 1,243.11 1,243.11 08/25/2026 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 20,547.40 20,547.40 08/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,584.00 2,584.00 08/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 19,386.21 19,386.21 08/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 08/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 08/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 485
CONFIDENTIAL | 32
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 08/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 08/26/2026 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 08/28/2026 Coupon 857477CU5 1,285,000.00 STATE STREET CORP 4.536 02/28/2028 29,143.80 29,143.80 08/31/2026 Coupon 91282CFJ5 2,000,000.00 UNITED STATES TREASURY 3.125 08/31/2029 31,250.00 31,250.00 08/31/2026 Coupon 91282CGQ8 2,700,000.00 UNITED STATES TREASURY 4.0 02/28/2030 54,000.00 54,000.00 08/31/2026 Coupon 91282CKD2 1,500,000.00 UNITED STATES TREASURY 4.25 02/28/2029 31,875.00 31,875.00 08/31/2026 Coupon 91282CNX5 2,400,000.00 UNITED STATES TREASURY 3.625 08/31/2030 43,500.00 43,500.00 August 2026 Total 2,394,413.63 383,548.50 2,777,962.13
SEPTEMBER 2026
09/08/2026 Coupon 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 13,003.75 13,003.75 09/08/2026 Final Maturity 24422EXD6 505,000.00 JOHN DEERE CAPITAL CORP 5.15 09/08/2026 505,000.00 505,000.00 09/09/2026 Coupon 002824BR0 1,000,000.00 ABBOTT LABORATORIES 3.7 03/09/2029 18,500.00 18,500.00 09/15/2026 Coupon 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 4,598.04 4,598.04 09/15/2026 Final Maturity 02582JKD1 1,055,000.00 AMXCA 2023-3 A 5.23 09/15/2026 1,055,000.00 1,055,000.00 09/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 09/15/2026 Coupon 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,558.00 4,558.00 09/15/2026 Effective Maturity 161571HT4 1,060,000.00 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 1,060,000.00 09/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 09/15/2026 Coupon 3133EPDJ1 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.375 09/15/2027 43,750.00 43,750.00
09/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 889.00 889.00 09/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 14,627.73 14,627.73 09/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 09/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 09/15/2026 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 1,627.24 1,627.24 09/15/2026 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 25,659.50 25,659.50 09/15/2026 Coupon 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 169.22 169.22 09/15/2026 Principal Paydown 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 12,206.40 12,206.40 09/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 09/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 09/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 486
CONFIDENTIAL | 33
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/21/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,436.79 1,436.79 09/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 62,024.38 62,024.38 09/21/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 09/21/2026 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 574.52 574.52 09/21/2026 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 11,567.46 11,567.46 09/21/2026 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 1,775.76 1,775.76 09/21/2026 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 34,268.55 34,268.55 09/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 3,027.63 3,027.63 09/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 15,697.64 15,697.64 09/21/2026 Coupon 459058LR2 635,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 4.125 03/20/2030 13,096.88 13,096.88
09/25/2026 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 126.35 126.35 09/25/2026 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 5,823.62 5,823.62 09/25/2026 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 1,154.41 1,154.41 09/25/2026 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 20,179.14 20,179.14 09/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,510.33 2,510.33 09/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 37,607.86 37,607.86 09/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 09/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 09/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 09/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 09/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 09/28/2026 Coupon 40139LBJ1 1,300,000.00 GUARDIAN LIFE GLOBAL FUNDING 4.179 09/26/2029 27,163.50 27,163.50
09/28/2026 Coupon 57636QAP9 1,200,000.00 MASTERCARD INC 3.35 03/26/2030 20,100.00 20,100.00 09/30/2026 Coupon 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 13,125.00 13,125.00 09/30/2026 Final Maturity 91282CCZ2 3,000,000.00 UNITED STATES TREASURY 0.875 09/30/2026 3,000,000.00 3,000,000.00 09/30/2026 Coupon 91282CFL0 2,200,000.00 UNITED STATES TREASURY 3.875 09/30/2029 42,625.00 42,625.00 09/30/2026 Coupon 91282CGS4 2,500,000.00 UNITED STATES TREASURY 3.625 03/31/2030 45,312.50 45,312.50 09/30/2026 Coupon 91282CKG5 2,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 45,375.00 45,375.00 September 2026
Total 5,859,662.27 346,915.11 6,206,577.39
487
CONFIDENTIAL | 34
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount OCTOBER 2026
10/13/2026 Coupon 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 8,114.58 8,114.58 10/13/2026 Effective Maturity 713448FW3 380,000.00 PEPSICO INC 5.125 11/10/2026 380,000.00 380,000.00 10/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 10/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 10/15/2026 Coupon 24422EYF0 1,000,000.00 JOHN DEERE CAPITAL CORP 4.375 10/15/2030 21,875.00 21,875.00 10/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 830.00 830.00 10/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 14,077.87 14,077.87 10/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 10/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 10/15/2026 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 1,516.04 1,516.04 10/15/2026 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 24,343.56 24,343.56 10/15/2026 Coupon 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 118.25 118.25 10/15/2026 Principal Paydown 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 14,878.76 14,878.76 10/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 10/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 10/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 10/19/2026 Coupon 61747YFU4 2,200,000.00 MORGAN STANLEY 4.654 10/18/2030 51,194.00 51,194.00 10/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 1,195.93 1,195.93 10/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 62,483.81 62,483.81 10/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,759.42 3,759.42 10/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 108,820.97 108,820.97 10/21/2026 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 519.86 519.86 10/21/2026 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 11,168.99 11,168.99 10/21/2026 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 1,645.25 1,645.25 10/21/2026 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 32,970.33 32,970.33 10/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,967.84 2,967.84 10/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 45,456.41 45,456.41 10/26/2026 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 99.81 99.81 10/26/2026 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 5,112.32 5,112.32 10/26/2026 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 1,067.31 1,067.31 10/26/2026 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 18,471.98 18,471.98 488
CONFIDENTIAL | 35
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/26/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,367.42 2,367.42 10/26/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 36,162.51 36,162.51 10/26/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 10/26/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 10/26/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 10/26/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 10/26/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 10/30/2026 Coupon 3133ERDH1 2,100,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 04/30/2029 49,875.00 49,875.00
October 2026 Total 753,947.52 185,802.51 939,750.03
NOVEMBER 2026
11/02/2026 Coupon 91282CFT3 2,500,000.00 UNITED STATES TREASURY 4.0 10/31/2029 50,000.00 50,000.00 11/02/2026 Coupon 91282CKP5 2,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 46,250.00 46,250.00 11/02/2026 Coupon 91282CMZ1 2,700,000.00 UNITED STATES TREASURY 3.875 04/30/2030 52,312.50 52,312.50 11/16/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 11/16/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 11/16/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 773.22 773.22 11/16/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 13,806.85 13,806.85 11/16/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,286.00 2,286.00 11/16/2026 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 5,212.01 5,212.01 11/16/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,245.75 1,245.75 11/16/2026 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 26,230.75 26,230.75 11/16/2026 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 1,410.56 1,410.56 11/16/2026 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 28,855.91 28,855.91 11/16/2026 Coupon 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 56.14 56.14 11/16/2026 Effective Maturity 47800CAC0 103,373.67 JDOT 2023 A3 5.01 11/15/2027 13,445.69 13,445.69 11/16/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 11/16/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 11/16/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 11/17/2026 Coupon 58933YBH7 1,250,000.00 MERCK & CO INC 4.05 05/17/2028 25,312.50 25,312.50 11/20/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 953.28 953.28 11/20/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 56,513.56 56,513.56 489
CONFIDENTIAL | 36
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/20/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 3,344.08 3,344.08 11/20/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 106,222.01 106,222.01 11/23/2026 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 467.09 467.09 11/23/2026 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 10,921.25 10,921.25 11/23/2026 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 1,519.69 1,519.69 11/23/2026 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 32,171.22 32,171.22 11/23/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,794.73 2,794.73 11/23/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 44,380.59 44,380.59 11/25/2026 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 76.50 76.50 11/25/2026 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 4,881.78 4,881.78 11/25/2026 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 987.57 987.57 11/25/2026 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 18,115.48 18,115.48 11/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,230.01 2,230.01 11/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 35,454.00 35,454.00 11/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 11/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 11/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 11/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 11/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 11/30/2026 Coupon 91282CHF1 2,600,000.00 UNITED STATES TREASURY 3.75 05/31/2030 48,750.00 48,750.00 11/30/2026 Coupon 91282CKT7 2,200,000.00 UNITED STATES TREASURY 4.5 05/31/2029 49,500.00 49,500.00 11/30/2026 Coupon 91282CMA6 2,400,000.00 UNITED STATES TREASURY 4.125 11/30/2029 49,500.00 49,500.00 November 2026
Total 396,211.10 374,894.65 771,105.75
DECEMBER 2026
12/07/2026 Coupon 64952WFK4 830,000.00 NEW YORK LIFE GLOBAL FUNDING 4.6 12/05/2029 19,090.00 19,090.00
12/08/2026 Coupon 3130AXQK7 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 12/08/2028 47,500.00 47,500.00 12/09/2026 Coupon 3130AEB25 2,000,000.00 FEDERAL HOME LOAN BANKS 3.25 06/09/2028 32,500.00 32,500.00 12/15/2026 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 12/15/2026 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 12/15/2026 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 717.53 717.53 490
CONFIDENTIAL | 37
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2026 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 13,112.79 13,112.79 12/15/2026 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,267.24 2,267.24 12/15/2026 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 36,379.35 36,379.35 12/15/2026 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 1,146.73 1,146.73 12/15/2026 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 43,409.20 43,409.20 12/15/2026 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 1,285.51 1,285.51 12/15/2026 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 19,078.55 19,078.55 12/15/2026 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 12/15/2026 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 12/15/2026 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 12/21/2026 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 733.82 733.82 12/21/2026 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 47,056.18 47,056.18 12/21/2026 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,938.67 2,938.67 12/21/2026 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 135,135.17 135,135.17 12/21/2026 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 415.49 415.49 12/21/2026 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 10,466.47 10,466.47 12/21/2026 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 1,397.17 1,397.17 12/21/2026 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 30,680.06 30,680.06 12/21/2026 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,625.71 2,625.71 12/21/2026 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 42,069.04 42,069.04 12/25/2026 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 54.25 54.25 12/25/2026 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 4,700.18 4,700.18 12/25/2026 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 909.37 909.37 12/25/2026 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 17,288.17 17,288.17 12/25/2026 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 2,095.28 2,095.28 12/25/2026 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 32,310.29 32,310.29 12/25/2026 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 12/25/2026 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 12/25/2026 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 12/25/2026 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 12/25/2026 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 12/28/2026 Coupon 437076DC3 1,250,000.00 HOME DEPOT INC 4.75 06/25/2029 29,687.50 29,687.50 491
CONFIDENTIAL | 38
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount December 2026
Total 431,685.45 180,489.31 612,174.76
JANUARY 2027
01/08/2027 Coupon 14913UAX8 960,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.8 01/08/2030 23,040.00 23,040.00
01/11/2027 Coupon 57629TBV8 1,200,000.00 MASSMUTUAL GLOBAL FUNDING II 4.95 01/10/2030 29,700.00 29,700.00
01/11/2027 Coupon 59217GFT1 820,000.00 METROPOLITAN LIFE GLOBAL FUNDING I 4.9 01/09/2030 20,090.00 20,090.00
01/12/2027 Coupon 459058KT9 2,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 35,000.00 35,000.00
01/12/2027 Coupon 78016FZW7 1,000,000.00 ROYAL BANK OF CANADA 4.9 01/12/2028 24,500.00 24,500.00 01/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 01/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 01/15/2027 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 664.64 664.64 01/15/2027 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 12,894.96 12,894.96 01/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,136.27 2,136.27 01/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 35,628.99 35,628.99 01/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 982.86 982.86 01/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 38,047.28 38,047.28 01/15/2027 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 1,202.84 1,202.84 01/15/2027 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 27,332.63 27,332.63 01/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,762.50 1,762.50 01/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 4,189.40 4,189.40 01/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 01/15/2027 Coupon 828807EB9 1,400,000.00 SIMON PROPERTY GROUP LP 4.3 01/15/2031 30,100.00 30,100.00 01/15/2027 Coupon 91324PEU2 1,000,000.00 UNITEDHEALTH GROUP INC 4.25 01/15/2029 21,250.00 21,250.00 01/15/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 01/20/2027 Coupon 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 23,900.00 23,900.00 01/20/2027 Effective Maturity 06051GGF0 1,250,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 1,250,000.00 1,250,000.00 01/20/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 551.09 551.09 01/20/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 42,883.87 42,883.87 01/20/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 2,422.90 2,422.90 492
CONFIDENTIAL | 39
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/20/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 138,454.58 138,454.58 01/21/2027 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 366.03 366.03 01/21/2027 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 10,258.79 10,258.79 01/21/2027 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 1,280.33 1,280.33 01/21/2027 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 30,037.78 30,037.78 01/21/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,465.50 2,465.50 01/21/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 41,224.95 41,224.95 01/25/2027 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 32.83 32.83 01/25/2027 Principal Paydown 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 4,626.89 4,626.89 01/25/2027 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 834.74 834.74 01/25/2027 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 17,001.63 17,001.63 01/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,972.50 1,972.50 01/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 31,773.33 31,773.33 01/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 01/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 01/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 01/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 01/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 01/25/2027 Coupon 46647PEV4 1,300,000.00 JPMORGAN CHASE & CO 5.14 01/24/2031 33,410.00 33,410.00 January 2027 Total 1,684,355.08 291,027.58 1,975,382.66 FEBRUARY 2027
02/01/2027 Coupon 025816DY2 1,000,000.00 AMERICAN EXPRESS CO 5.085 01/30/2031 25,425.00 25,425.00 02/01/2027 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 02/01/2027 Coupon 91282CLC3 2,500,000.00 UNITED STATES TREASURY 4.0 07/31/2029 50,000.00 50,000.00 02/01/2027 Coupon 91282CMG3 2,500,000.00 UNITED STATES TREASURY 4.25 01/31/2030 53,125.00 53,125.00 02/01/2027 Coupon 91282CNN7 2,500,000.00 UNITED STATES TREASURY 3.875 07/31/2030 48,437.50 48,437.50 02/15/2027 Coupon 05522RDJ4 505,000.00 BACCT 2024-1 A 4.93 05/15/2029 2,074.71 2,074.71 02/15/2027 Coupon 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 3,120.00 3,120.00 02/15/2027 Coupon 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 612.63 612.63 02/15/2027 Principal Paydown 44934QAD3 285,000.00 HART 2024-B A3 4.84 03/15/2029 12,242.96 12,242.96 02/15/2027 Coupon 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 2,008.01 2,008.01 02/15/2027 Principal Paydown 44935CAD3 635,000.00 HART 2025-A A3 4.32 10/15/2029 35,285.83 35,285.83 493
CONFIDENTIAL | 40
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2027 Coupon 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 839.23 839.23 02/15/2027 Principal Paydown 44935DAD1 330,000.00 HALST 2025-B A3 4.53 04/17/2028 41,147.40 41,147.40 02/15/2027 Coupon 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 1,084.40 1,084.40 02/15/2027 Principal Paydown 47786WAD2 508,128.17 JDOT 2024-B A3 5.2 03/15/2029 24,769.55 24,769.55 02/15/2027 Coupon 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 1,747.73 1,747.73 02/15/2027 Principal Paydown 47800DAD6 500,000.00 JDOT 2025 A3 4.23 09/17/2029 34,107.44 34,107.44 02/15/2027 Coupon 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 2,036.08 2,036.08 02/15/2027 Principal Paydown 58768YAD7 530,000.00 MBALT 2025-A A3 4.61 04/16/2029 21,958.94 21,958.94 02/16/2027 Coupon 02079KBK2 1,300,000.00 ALPHABET INC 4.1 02/15/2031 26,650.00 26,650.00 02/16/2027 Coupon 171239AL0 1,250,000.00 CHUBB INA HOLDINGS LLC 4.65 08/15/2029 29,062.50 29,062.50 02/16/2027 Coupon 532457CQ9 705,000.00 ELI LILLY AND CO 4.2 08/14/2029 14,805.00 14,805.00 02/16/2027 Coupon 92970QAE5 560,000.00 WFCIT 2024-2 A 4.29 10/15/2029 2,002.00 2,002.00 02/18/2027 Coupon 713448FL7 1,500,000.00 PEPSICO INC 3.6 02/18/2028 27,000.00 27,000.00 02/22/2027 Coupon 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 384.56 384.56 02/22/2027 Principal Paydown 36271VAD9 430,000.00 GMALT 2025-1 A3 4.66 02/21/2028 41,913.43 41,913.43 02/22/2027 Coupon 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 1,894.47 1,894.47 02/22/2027 Principal Paydown 362962AD4 985,000.00 GMALT 2025-2 A3 4.58 05/22/2028 112,062.74 112,062.74 02/22/2027 Coupon 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 317.56 317.56 02/22/2027 Principal Paydown 438123AC5 182,741.57 HAROT 2023-4 A3 5.67 06/21/2028 10,089.26 10,089.26 02/22/2027 Coupon 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 1,165.94 1,165.94 02/22/2027 Principal Paydown 43813YAC6 607,392.26 HAROT 2024-3 A3 4.57 03/21/2029 29,520.74 29,520.74 02/22/2027 Coupon 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 2,308.50 2,308.50 02/22/2027 Principal Paydown 43814VAC1 795,000.00 HAROT 2025-1 A3 4.57 09/21/2029 40,606.86 40,606.86 02/25/2027 Coupon 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 11.73 11.73 02/25/2027 Effective Maturity 05592XAD2 54,922.56 BMWOT 2023-A A3 5.47 02/25/2028 2,574.36 2,574.36 02/25/2027 Coupon 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 761.35 761.35 02/25/2027 Principal Paydown 096919AD7 357,684.95 BMWOT 2024-A A3 5.18 02/26/2029 16,802.64 16,802.64 02/25/2027 Coupon 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 1,851.76 1,851.76 02/25/2027 Principal Paydown 096924AD7 680,000.00 BMWOT 2025-A A3 4.56 09/25/2029 31,451.56 31,451.56 02/25/2027 Coupon 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 2,971.83 2,971.83 02/25/2027 Coupon 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 7,058.33 7,058.33 02/25/2027 Coupon 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 4,180.00 4,180.00 494
CONFIDENTIAL | 41
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2027 Coupon 3137FRUT6 1,500,000.00 FHMS K-106 A2 2.069 01/25/2030 2,586.25 2,586.25 02/25/2027 Coupon 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 7,333.33 7,333.33 02/26/2027 Coupon 17275RBR2 1,250,000.00 CISCO SYSTEMS INC 4.85 02/26/2029 30,312.50 30,312.50 February 2027
Total 454,533.69 380,767.91 835,301.60
Grand Total 420,965,552.46 17,858,571.71 3,466,085.96 21,324,657.66 495
CONFIDENTIAL | 42
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

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

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

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

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

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

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

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

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

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

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest.

LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end. 496
CONFIDENTIAL | 43
City of Orange | Account #10888 | As of March 31, 2026
Execution Time: 04/03/2026 12:05:38 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 497

INVESTMENT REPORT
City of Orange | As of March 31, 2026
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement. 498

TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE

CONSOLIDATED INFORMATION

PORTFOLIO HOLDINGS

TRANSACTIONS
1 499

ECONOMIC UPDATE
2 500
▪
▪
▪
March payrolls reboundedby 178,000 after February’s revised 133,000 decline, but the war in Iran and its disruption of the Strait of Hormuz have pushed crude oil above $112, injecting a potential inflationary shock into an economy contending with sticky core prices above 3%.

The Federal Reserve has held the funds rate at 3.50–3.75% and is signaling a cautionary stance, keeping open the option of delaying cuts if oil‑related inflation proves persistent rather than transitory. As the data flow normalizes, the Chandler team anticipates additional yield curve steepening as the Federal Reserve gradually guides the policy rate toward a more neutral range. The Federal Reserve’s March dot plot still projects one cut this year, yet the Iran-driven energy shock has narrowed the path toward easing.

The Federal Reserve’s March 2026 FOMC meeting ended with policymakers again holding the target range at 3.50%–3.75%, as the Committee maintained its pause following three late ‑2025 rate cuts. Governor Stephen Miran dissented in favor of an additional quarter‑point reduction, while Christopher Waller joined the majority, tipping the vote 11–1 to leave the benchmark rate unchanged.

Meanwhile, President Trump’s nominationof Kevin Warsh to succeed Jerome Powell as chair has hit a roadblock after a Republican senator vowed to block Warsh’s confirmation amid the Justice Department’s ongoing probe of the central bank.

Treasury yields exhibited considerable first-quarter volatility as the Iran conflict injected energy-driven inflation fears into a market grappling with sticky core prices. At March month-end, the 2-year yield stood at 3.79%, up 32 basis points year-to-date, the 10-year at

4.32%, and the 30-year at 4.86%. The 2-year to 10-year spread narrowed to 52 basis points, reflecting pronounced flattening as short rates rose faster than longer maturities. One year ago, that spread stood near 32 basis points, providing context on normalization since the 2022 through 2024 yield curve inversion. The 3-month to 10-year spread was approximately 64 basis points at March month-end.

ECONOMIC UPDATE
3 501
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
March nonfarm payrolls rose by 178,000, a decisive reversal from February’s revised 133,000 decline that had been distorted by a Kaiser Permanente strike affecting over 30,000 healthcare workers and severe winter weather. Healthcare contributed 76,000 positions as striking nurses returned, while construction and leisure rebounded from weather-induced troughs. The unemployment rate edged lowerto

4.3%, though partly from a labor force reduction rather than a hiring acceleration. Meanwhile, the underemployment rate edged up to

8.0% from 7.9% in February. Average hourly earnings rose 0.2% over the month and 3.5% year over year—the slowest annual pace since May 2021.

Source: US Department of Labor Source: US Department of Labor

EMPLOYMENT
4 502
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
Job openings fell to 6.9 million in February from a revised 7.2 million in January, according to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. The ratio of openings to unemployed workers slipped to 0.9, reinforcing the gradual rebalancing of demand and supply. Hires decreased to 4.8 million, the lowest since April 2020, suggesting employers have grown selective about adding headcount. Quits were little changed at 3 million. The data reflects a labor market consistent with the Federal Reserve’s characterization of a no-hire, no-fire environment.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 503

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator
YOY % Change
PCE Core Deflator
YOY % Change
Fed Target
YOY (%) Change
Inflation firmed slightly in February on a headline basis, with the Consumer Price Index (CPI) rising 0.3% for the month, following a 0.2% increase in January. On an annual basis, headline CPI rose 2.4%, unchanged from January. Core CPI, which excludes volatile food and energy prices, increased 0.2% in February, down from January’s 0.3% pace, while the annual rate held steady at 2.5%. The Personal Consumption Expenditures (PCE) Index rose 0.3% in January, easing from a 0.4% gain in December. On a year-over-year basis, headline PCE also edged down to 2.8% from 2.9% the prior month. Core PCE held steady at 0.4% on the month but ticked up to 3.1% annually from

3.0% in December, driven largely by higher healthcare services costs.

Source: US Department of Labor Source: US Department of Commerce

INFLATION
6 504

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
The Conference Board’s Consumer Confidence Index edged up to 91.8 in March from 91.0 in February, a second consecutive gain that nonetheless sits well below the all-time peak of 144.7 from early 2000. The Present Situation component rose 4.6 points to 123.3 on favorable assessments of business and labor conditions, while the Expectations Index slipped 1.7 points to 70.9. Inflation expectations climbed to their highest since August 2025, reflecting tariff passthrough and elevated gasoline prices. February retail sales rebounded

0.6% from January, with stronger auto and broad-based discretionary spending offsetting January’s weather- and vehicle-related weakness; the control group also advanced 0.5%, signaling firmer underlying consumer demand. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

CONSUMER
7 505
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Chicago Fed National Activity Index (CFNAI) fell to ‑0.11 in February, following a positive revision to 0.20 in January. The index’s three‑month moving average edgedup to ‑0.01 from ‑0.02 the prior month. Production and employment related indicators turned negative in February, while sales, orders, and inventories also remained in negative territory. The personal consumption and housing categories slipped modestly but stayed in positive territory. The Conference Board’s Leading Economic Index (LEI) declined 0.1% in January, an improvement from ‑0.2% in December, with consumer expectations and building permits the largest drags on the index. On a year‑over‑year basis, the LEI fell 3.8%, continuing to signal slower economic growth heading into 2026. Notably, the latest LEI data do not yet reflect the impact of the war in Iran.

Source: The Conference Board Source: Federal Reserve Bank of Chicago

LEADING INDICATORS OF ECONOMIC ACTIVITY
8 506
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts rose 7.2% in January to an annualized pace of 1.487 million units, including 935,000 single-family and 552,000 multifamily starts. The January S&P Cotality Case-Shiller 20-City Composite posted a 1.18% year-over-year gain, continuing deceleration from December’s revised 1.43% annual increase. Inflation again outpaced home price appreciation, extending the erosion of real housing returns that began in the second half of 2025. The Freddie Mac 30-year fixed mortgage rate climbed to 6.46% as of April 2, its fifth consecutive weekly rise, reversing progress made when rates dipped below 6% in February. Higher borrowing costs and elevated prices continue to constrain affordability.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change

HOUSING
9 507
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management’s Manufacturing Index rose to 52.7 in March from 52.4, the fastest factory expansion since August 2022 and a third consecutive month above 50. Production accelerated to 55.1 from 53.5, though new orders decelerated to 53.5 from 55.8.

The prices subindex leaped to 78.3 from 70.5, reflecting elevated energy costs, metals tariffs, and Iran-related supply disruptions.

Employment remained in contraction at 48.7. The Services Index eased to 54.0 in March from 56.1 in February but still posted its 21st consecutive month of expansion. With both measures above the 50 threshold, ISM data point toward a resilient if cost-pressured economy.

Source: Institute for Supply Management

SURVEY BASED MEASURES
10 508
Components of GDP 3/25 6/25 9/25 12/25

0.4% 1.7% 2.3% 1.3%

3.8% -2.7% 0.0% 0.6%
-4.7% 4.8% 1.6% -0.2%
-0.4% -0.4% 0.2% -1.2%

0.2% 0.3% 0.2% 0.1%
-0.6% 3.8% 4.4% 0.7%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce The second estimate of real gross domestic product (GDP) showed fourth-quarter growth revised down to 0.7% from the initial 1.4% estimate. The slowdown from 4.4% in the third quarter primarily reflected a sharp pullback in government spending, as the federal government shutdown weighed on activity. Personal Consumption Expenditures also declined across both goods and services.

GROSS DOMESTIC PRODUCT (GDP)
11 509
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
The Federal Reserve left its benchmark interest rate unchanged in March, keeping the target range at 3.50% to 3.75% following three late‑2025 rate cuts that were justified by signs of softening in the labor market. However, policymakers have grown wary of potential inflationary pressures stemming from tariffs, the war in Iran, and the ensuing spike in commodity prices. The Federal Reserve now projects just one rate cut in 2026, even as inflation expectations rise. The Committee also reaffirmed its December decision to halt balance sheet runoff and to reinvest principal and interest payments from its securities holdings, signaling a continued emphasis on maintaining ample reserves and supporting orderly market functioning.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 510
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%
US Treasury Yield Curve
Mar-26
Dec-25
Mar-25
Yield (%)
At March month-end, the 2-year Treasury yield stood at 3.79%, down approximately 9 basis points from one year ago, while the 10-year finished at 4.32%, roughly 11 basis points higher year-over-year. The spread between the two narrowed to 52 basis points, wider by 20 basis points year-over-year. The prior 2-year to 10-year inversion from July 2022 through August 2024 was historically long. The average spread since 2005 is approximately 95 basis points, suggesting the current slope sits well below its long-run norm. The 3-month to 10- year spread stood near 64 basis points at March month-end.

BOND YIELDS
13 511

ACCOUNT PROFILE
14 512

OBJECTIVES
Investment Objectives
The investment objectives of the City of Orange are first, to provide safety of principal to ensure the preservation of capital in the overall portfolio; second, to provide adequate liquidity to meet all requirements which might be reasonably anticipated; and third, to earn a commensurate rate of return.

Chandler Asset Management Performance Objective
The performance objective for the portfolio is to achieve a rate of return over a market cycle that equals or exceeds the return on a market index of similar duration and sector allocation.

Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed income securities consistent with the investment policy and California Government Code. 15 513

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of March 31, 2026 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (BV; ABS, CMO & MBS) 20.0 12.9 Compliant
Max Maturity (Years) 5.0 4.7 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (BV) 20.0 7.0 Compliant
Max % Issuer (BV) 5.0 0.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

COMMERCIAL PAPER
Max % (BV) 40.0 1.3 Compliant
Max % Issuer (BV) 5.0 1.3 Compliant
Max Maturity (Days) 270 125 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (BV) 30.0 18.0 Compliant
Max % Issuer (BV) 5.0 1.4 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FEDERAL AGENCIES
Max % (BV) 75.0 8.1 Compliant
Max % Issuer (BV) 30.0 5.5 Compliant
Max Callables (BV) 20.0 3.1 Compliant
Max Maturity (Years) 5 3 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (BV) 75.0 41.7 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (BV) 100.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
16 514

STATEMENT OF COMPLIANCE
City of Orange Cons | Account #10897 | As of March 31, 2026 Rules Name Limit Actual Compliance
Status Notes
Max % (BV) 20.0 0.2 Compliant
Max % Issuer (BV) 20.0 0.2 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE -BACKED SECURITIES (NON-AGENCY)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (BV) 20.0 0.0 Compliant
Max % Issuer (BV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (BV) 30.0 1.6 Compliant
Max % Issuer (BV) 10.0 1.6 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (BV) 100.0 24.8 Compliant
Max Maturity (Years) 5 4 Compliant
17 515

PORTFOLIO CHARACTERISTICS
City of Orange | Account #10888 | As of March 31, 2026
Benchmark* 3/31/2026
Portfolio
12/31/2025
Portfolio
Average Maturity (yrs) 2.65 3.05 2.90
Average Modified Duration 2.47 2.58 2.47
Average Purchase Yield 4.00% 3.94%
Average Market Yield 3.84% 4.04% 3.76%
Average Quality** AA+ AA+ AA+
Total Market Value 109,755,642 94,541,792
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 18 516

SECTOR DISTRIBUTION
City of Orange | Account #10888 | As of March 31, 2026
Sector as a Percentage of Market Value
Sector 03/31/2026 12/31/2025
US Treasury 37.10% 41.01%
Corporate 26.98% 25.47%
Agency 12.06% 14.05%
ABS 10.54% 11.63%
Agency CMBS 8.67% 2.65%
Supras 2.41% 2.82%
Comm Paper 1.99% 2.12%
Money Mkt Fd 0.26% 0.24%
19 517

ISSUERS
City of Orange | Account #10888 | As of March 31, 2026
Issuer Investment Type % Portfolio
United States US Treasury 37.09%
Federal Home Loan Mortgage Corp Agency CMBS 8.67%
Federal Home Loan Banks Agency 8.23%
Farm Credit System Agency 3.83%
International Bank for Recon and Dev Supras 2.41%
Morgan Stanley Corporate 2.02%
Mitsubishi UFJ Financial Group, Inc. Comm Paper 1.99%
Chase Issuance Trust ABS 1.81%
PepsiCo, Inc. Corporate 1.72%
Honda Auto Receivables Owner Trust ABS 1.48%
Deere & Company Corporate 1.38%
GM Financial Auto Leasing Trust ABS 1.30%
American Express Credit Master Trust ABS 1.29%
Simon Property Group, Inc. Corporate 1.27%
JPMorgan Chase & Co. Corporate 1.21%
State Street Corporation Corporate 1.19%
Alphabet Inc. Corporate 1.18%
Guardian Life Global Funding Corporate 1.18%
Cisco Systems, Inc. Corporate 1.17%
The Home Depot, Inc. Corporate 1.16%
Chubb Limited Corporate 1.16%
Merck & Co., Inc. Corporate 1.15%
Bank of America Corporation Corporate 1.14%
PACCAR Inc Corporate 1.12%
Massachusetts Mutual Life Insurance Corporate 1.11%
Mastercard Incorporated Corporate 1.06%
John Deere Owner Trust ABS 1.03%
BMW Vehicle Owner Trust ABS 1.01%
American Express Company Corporate 0.93%
Royal Bank of Canada Corporate 0.93%
20 518

ISSUERS
City of Orange | Account #10888 | As of March 31, 2026
Issuer Investment Type % Portfolio
UnitedHealth Group Incorporated Corporate 0.92%
Abbott Laboratories Corporate 0.91%
Caterpillar Inc. Corporate 0.90%
Hyundai Auto Receivables Trust ABS 0.85%
New York Life Insurance Company Corporate 0.77%
Metropolitan Life Global Funding I Corporate 0.76%
Eli Lilly and Company Corporate 0.65%
WF Card Issuance Trust ABS 0.52%
Mercedes-Benz Auto Receivables Trust ABS 0.49%
Bank of America Credit Card Trust ABS 0.47%
Hyundai Auto Lease Sec Trust ABS 0.30%
First American Govt Oblig Fund Money Mkt Fd 0.26%
Cash Cash 0.01%
TOTAL 100.00%
21 519

QUALITY DISTRIBUTION
Rating 03/31/2026 12/31/2025
AAA 11.39% 12.41%
AA 64.00% 66.74%
A 20.87% 16.52%
A-1 1.98% 2.11%
NA 1.76% 2.22%
Rating 03/31/2026 12/31/2025
Aaa 8.10% 10.81%
Aa 66.05% 65.70%
A 17.08% 14.39%
P-1 1.98% 2.11%
NA 6.80% 6.99%
Rating 03/31/2026 12/31/2025
AAA 16.49% 12.98%
AA 57.28% 62.21%
A 8.52% 5.94%
NA 17.71% 18.87%
City of Orange | Account #10888 | As of March 31, 2026
S&P Rating Moody’s Rating Fitch Rating
22 520
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 0.6% 11.7% 4.6% 12.6% 21.0% 43.0% 6.4% 0.0% 0.0% ICE BofA 1-5 Year Unsubordinated US Treasury &
Agency Index 0.0% 0.0% 2.5% 35.8% 29.1% 20.5% 12.1% 0.0% 0.0%

DURATION DISTRIBUTION
City of Orange | Account #10888 | As of March 31, 2026
Portfolio Compared to the Benchmark
23 521
TOTAL RATE OF RETURN* 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception City of Orange 0.27% 4.16% 4.93% 4.47% 2.07%
Benchmark 0.20% 3.87% 4.68% 3.93% 1.89%
*Periods over 1 year are annualized.

Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index

INVESTMENT PERFORMANCE
City of Orange | Account #10888 | As of March 31, 2026
Total Rate of Return : Inception | 01/01/2022
24 522

HISTORICAL AVERAGE PURCHASE YIELD
City of Orange | Account #10888 | As of March 31, 2026
Purchase Yield as of 03/31/26 = 4.00%
25 523

CONSOLIDATED INFORMATION
26 524

PORTFOLIO CHARACTERISTICS
City of Orange Cons | Account #10897 | As of March 31, 2026 3/31/2026
Portfolio
12/31/2025
Portfolio
Average Maturity (yrs) 2.04 1.69
Average Modified Duration 1.73 1.44
Average Purchase Yield 3.91% 3.89%
Average Market Yield 3.93% 3.78%
Average Quality** AA+ AA+
Total Market Value 163,794,677 161,935,832
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 27 525

PORTFOLIO HOLDINGS
28 526

HOLDINGS REPORT
City of Orange | Account #10888 | As of March 31, 2026
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
43815JAC7 HAROT 2023-1 A3 5.04
04/21/2027 20,305.57 02/16/2023

5.09%
20,301.79
20,304.61
100.12

4.12%
20,329.28

28.43 0.02%

24.67 Aaa/NA
AAA

1.06 0.12
47800CAC0 JDOT 2023 A3 5.01 11/15/2027 103,373.67 02/22/2023

3.39%
103,354.83
103,367.17
100.29

4.10%
103,670.14
230.18

0.10%
302.97
Aaa/NA
AAA

1.63 0.29
36271VAD9 GMALT 2025-1 A3 4.66
02/21/2028 430,000.00 02/05/2025

4.66%
429,949.26
429,968.24
100.41

4.13%
431,781.06
612.27

0.40%
1,812.82
NA/AAA
AAA

1.90 0.72
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 54,922.56 07/11/2023

5.47%
54,912.83
54,918.54
100.51

4.01%
55,201.62

50.07 0.05%
283.08
NA/AAA
AAA

1.91 0.33
44935DAD1 HALST 2025-B A3 4.53 04/17/2028 330,000.00 04/24/2025

4.53%
329,970.20
329,979.45
100.39

4.20%
331,285.02
664.40

0.30%
1,305.57
NA/AAA
AAA

2.05 1.04
02582JJZ4 AMXCA 2023-1 A 4.87 05/15/2026 350,000.00 06/07/2023

4.92%
349,968.96
349,998.72
100.10

4.09%
350,348.25
757.56

0.32%
349.53
NA/AAA
AAA

0.12 0.12
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 985,000.00 --

4.80%
985,558.36
985,329.40
100.47

4.11%
989,674.81
1,378.45

0.91%
4,345.41
NA/AAA
AAA

2.14 0.92
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 182,741.57 11/01/2023

5.74%
182,709.39
182,726.09
100.87

4.23%
184,329.78
287.82

0.17%
1,603.69
Aaa/NA
AAA

2.22 0.55
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,060,000.00 09/07/2023

5.23%
1,059,706.17
1,059,855.58
100.54

3.99%
1,065,750.50
2,430.93

0.98%
5,894.92
NA/AAA
AAA

2.46 0.44
02582JKD1 AMXCA 2023-3 A 5.23 09/15/2026 1,055,000.00 09/12/2023

5.29%
1,054,952.84
1,054,992.79
100.58

3.98%
1,061,109.51
2,452.29

0.97%
6,116.72
NA/AAA
AAA

0.46 0.44
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 357,684.95 06/04/2024

5.18%
357,630.62
357,651.42
100.66

4.30%
360,041.37
308.80

0.33%
2,389.95
Aaa/AAA
NA

2.91 0.70
47786WAD2 JDOT 2024-B A3 5.2 03/15/2029 508,128.17 06/11/2024

5.81%
508,028.84
508,066.25
100.96

4.07%
513,009.25
1,174.34

0.47%
4,943.00
Aaa/NA
AAA

2.96 0.80
44934QAD3 HART 2024-B A3 4.84 03/15/2029 285,000.00 07/16/2024

5.45%
284,956.99
284,972.62
100.59

4.13%
286,668.68
613.07

0.26%
1,696.06
NA/AAA
AAA

2.96 0.77
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 607,392.26 08/09/2024

4.66%
607,296.84
607,330.38
100.36

4.13%
609,559.43
771.05

0.56%
2,229.06
Aaa/NA
AAA

2.97 0.72
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 530,000.00 05/14/2025

4.66%
529,935.39
529,949.66
100.72

4.21%
533,839.32
1,085.91

0.49%
3,889.66
NA/AAA
AAA

3.04 1.61
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 505,000.00 06/06/2024

4.93%
504,971.67
504,982.09
101.03

4.02%
510,223.72
1,106.51

0.47%
5,241.63
Aaa/AAA
NA

3.12 1.07
29 527

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 500,000.00 03/04/2025

5.09%
499,968.55
499,975.90
100.28

4.08%
501,397.00
940.00

0.46%
1,421.10
Aaa/NA
AAA

3.47 1.49
43814VAC1 HAROT 2025-1 A3 4.57
09/21/2029 795,000.00 02/04/2025

4.57%
794,975.51
794,981.53
100.66

4.03%
800,255.75
1,009.21

0.73%
5,274.21
NA/AAA
AAA

3.48 1.12
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 680,000.00 02/04/2025

4.56%
679,933.02
679,949.43
100.53

4.10%
683,636.64
516.80

0.63%
3,687.21
Aaa/AAA
NA

3.49 1.05
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 560,000.00 10/17/2024

4.29%
559,916.78
559,940.78
100.41

4.05%
562,292.08
1,067.73

0.52%
2,351.30
Aaa/AAA
NA

3.54 1.46
44935CAD3 HART 2025-A A3 4.32 10/15/2029 635,000.00 03/04/2025

4.84%
634,906.34
634,927.83
100.23

4.17%
636,484.63
1,219.20

0.58%
1,556.80
NA/AAA
AAA

3.54 1.25
161571HZ0 CHAIT 2025-1 A 4.16 07/15/2030 900,000.00 02/26/2026

3.70%
910,089.84
909,706.68
100.25

4.08%
902,289.60
1,664.00

0.83%
(7,417.08)
NA/AAA
AAA

4.29 2.14
11,443,995.02 100.51 11,493,177.44 10.54% 2.69
Total ABS 11,434,548.75 4.82% 11,443,875.16 4.09% 20,369.02 49,302.28 0.99 AGENCY
3130ANDF4 FEDERAL HOME LOAN BANKS 0.9
07/29/2026 5,000,000.00 07/29/2021

0.90%
5,010,000.00
5,000,000.00

99.05 3.82%
4,952,670.00
7,750.00

4.54%
(47,330.00)
Aa1/AA+
AA+

0.33 0.32
3133EPDJ1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.375 09/15/2027 2,000,000.00 03/27/2023

3.81%
2,045,720.00
2,014,903.82
100.80

3.81%
2,015,922.00
3,888.89

1.85%
1,018.18
Aa1/AA+
AA+

1.46 1.40
3130AEB25 FEDERAL HOME LOAN BANKS 3.25
06/09/2028 2,000,000.00 07/24/2023

4.15%
1,921,180.00
1,964,595.17

98.96 3.75%
1,979,262.00
20,222.22

1.82%
14,666.83
Aa1/AA+
AA+

2.19 2.07
3130AXQK7 FEDERAL HOME LOAN BANKS 4.75
12/08/2028 2,000,000.00 01/29/2024

4.05%
2,060,660.00
2,033,578.42
102.29

3.84%
2,045,750.00
29,819.44

1.88%
12,171.58
Aa1/AA+
AA+

2.69 2.47
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 2,100,000.00 04/29/2024

4.70%
2,104,263.00
2,102,626.44
102.62

3.84%
2,155,028.40
41,839.58

1.98%
52,401.96
Aa1/AA+
AA+

3.08 2.80
13,141,823.00 100.39 13,148,632.40 12.06% 1.60
Total Agency 13,100,000.00 2.95% 13,115,703.85 3.81% 103,520.14 32,928.55 1.49

AGENCY CMBS
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 2,200,000.00 02/11/2026

3.70%
2,202,750.00
2,202,602.92

99.37 4.07%
2,186,120.20
7,058.33

2.01%
(16,482.72)
Aa1/AA+
AAA

2.15 1.95
30 528

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FNX54 FHMS K-097 A2 2.508 07/25/2029 2,000,000.00 02/18/2026

3.76%
1,919,062.50
1,921,509.14

95.03 4.11%
1,900,588.00
4,180.00

1.74%
(20,921.14)
Aaa/AA+
AA+

3.32 3.09
3137FRUT6 FHMS K-106 A2 2.069 01/25/2030 1,500,000.00 06/12/2025

4.23%
1,365,820.31
1,389,113.71

92.74 4.14%
1,391,094.00
2,586.25

1.28%
1,980.29
Aa1/AA+
AAA

3.82 3.56
3137HB2L7 FHMS K-753 A2 4.4 10/25/2030 2,000,000.00 02/18/2026

3.87%
2,040,390.63
2,039,501.60
100.49

4.24%
2,009,774.00
7,333.33

1.84%
(29,727.60)
Aa1/AA+
AAA

4.57 3.97
3137F8ZV8 FHMS K-123 A2 1.621 12/25/2030 2,200,000.00 02/11/2026

3.98%
1,976,648.44
1,982,142.79

89.15 4.22%
1,961,209.80
2,971.83

1.80%
(20,932.99)
Aa1/AA+
AAA

4.74 4.36
Total Agency CMBS 9,900,000.00 3.88%
9,504,671.88
9,534,870.16

95.64 4.16%
9,448,786.00
24,129.75

8.67%
(86,084.16)

3.68 3.35
CASH
CCYUSD Receivable 6,950.57 -- 6,950.57
6,950.57

1.00 6,950.57

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 6,950.57
6,950.57
6,950.57

1.00 6,950.57

0.00 0.01%

0.00 0.00

0.00 COMMERCIAL
PAPER
62479MH30 MUFG Bank, Ltd., New York
Branch 08/03/2026 2,200,000.00 02/13/2026

3.73%
2,162,545.61
2,172,189.55

98.66 3.94%
2,170,572.80

0.00 1.99%
(1,616.75)
P-1/A-1
NA

0.34 0.43
Total Commercial
Paper 2,200,000.00 3.73%
2,162,545.61
2,172,189.55

98.66 3.94%
2,170,572.80

0.00 1.99%
(1,616.75)

0.34 0.43

CORPORATE
24422EXD6 JOHN DEERE CAPITAL CORP 5.15
09/08/2026 505,000.00 09/05/2023

5.18%
504,641.45
504,947.66
100.48

4.01%
507,430.57
1,661.59

0.47%
2,482.91
A1/A
A+

0.44 0.43
713448FW3 PEPSICO INC 5.125 11/10/2026 380,000.00 11/08/2023

5.13%
379,897.40
379,979.12
100.53

4.23%
382,010.58
7,627.71

0.35%
2,031.46
A1/A+
NA

0.61 0.50
78016FZW7 ROYAL BANK OF CANADA 4.9
01/12/2028 1,000,000.00 03/30/2023

4.95%
997,990.00
999,251.42
101.16

4.22%
1,011,556.00
10,752.78

0.93%
12,304.58
A1/A
AA-

1.79 1.68
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,250,000.00 06/27/2024

5.30%
1,206,175.00
1,236,234.46

99.50 5.06%
1,243,767.50
9,427.22

1.14%
7,533.04
A1/A-
AA-

1.81 0.78
31 529

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
713448FL7 PEPSICO INC 3.6 02/18/2028 1,500,000.00 03/27/2024

4.49%
1,452,735.00
1,477,131.98

99.22 4.03%
1,488,339.00
6,450.00

1.37%
11,207.02
A1/A+
NA

1.89 1.79
857477CU5 STATE STREET CORP 4.536
02/28/2028 1,285,000.00 02/25/2025

4.51%
1,285,000.00
1,285,000.00
100.67

4.17%
1,293,609.50
5,343.03

1.19%
8,609.50
Aa3/A
AA-

1.91 1.73
58933YBH7 MERCK & CO INC 4.05 05/17/2028 1,250,000.00 09/26/2024

3.76%
1,261,775.00
1,256,776.52
100.12

3.99%
1,251,466.25
18,843.75

1.15%
(5,310.27)
Aa3/A+
NA

2.13 1.92
91324PEU2 UNITEDHEALTH GROUP INC 4.25
01/15/2029 1,000,000.00 05/28/2024

5.05%
967,180.00
980,214.89

99.82 4.32%
998,223.00
8,972.22

0.92%
18,008.11
A2/A+
A

2.79 2.58
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 03/27/2024

4.70%
1,194,684.00
1,196,888.49
101.46

4.05%
1,217,532.00
9,353.33

1.12%
20,643.51
A1/A+
NA

2.84 2.62
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 1,250,000.00 02/27/2024

4.84%
1,250,650.00
1,250,373.76
101.83

4.17%
1,272,891.25
5,894.10

1.17%
22,517.49
A1/AA-
NA

2.91 2.60
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 1,000,000.00 --

3.75%
998,465.00
998,497.21

98.81 4.13%
988,106.00
2,261.11

0.91%
(10,391.21)
Aa3/A+
NA

2.94 2.75
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,250,000.00 06/27/2024

4.82%
1,245,987.50
1,247,400.57
101.54

4.23%
1,269,211.25
15,833.33

1.16%
21,810.68
A2/A
A

3.24 2.87
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 705,000.00 08/12/2024

4.25%
703,456.05
703,959.14
100.09

4.17%
705,667.64
3,865.75

0.65%
1,708.49
Aa3/A+
NA

3.37 3.10
171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 1,250,000.00 09/26/2024

4.08%
1,280,725.00
1,271,062.06
101.12

4.29%
1,264,053.75
7,427.08

1.16%
(7,008.31)
A2/A
A

3.38 3.01
40139LBJ1 GUARDIAN LIFE GLOBAL FUNDING

4.179 09/26/2029 1,300,000.00 11/26/2024

4.67%
1,272,336.00
1,280,020.44

99.08 4.47%
1,287,991.90
754.54

1.18%
7,971.46
Aa1/AA+
NA

3.49 3.21
64952WFK4 NEW YORK LIFE GLOBAL FUNDING

4.6 12/05/2029 830,000.00 12/02/2024

4.61%
829,526.90
829,651.78
100.59

4.42%
834,875.42
12,302.44

0.77%
5,223.64
Aa1/AA+
AAA

3.68 3.30
14913UAX8 CATERPILLAR FINANCIAL SERVICES
CORP 4.8 01/08/2030 960,000.00 01/06/2025

4.84%
958,147.20
958,601.78
102.31

4.13%
982,173.12
10,624.00

0.90%
23,571.34
A2/A
A+

3.77 3.39
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 820,000.00 01/02/2025

4.95%
818,310.80
818,724.31
100.87

4.65%
827,102.84
9,152.11

0.76%
8,378.53
Aa3/AA-
AA-

3.78 3.38
57629TBV8 MASSMUTUAL GLOBAL FUNDING
II 4.95 01/10/2030 1,200,000.00 --

4.90%
1,202,338.00
1,201,963.10
101.07

4.64%
1,212,854.40
13,365.00

1.11%
10,891.30
Aa3/AA+
AA+

3.78 3.38
57636QAP9 MASTERCARD INC 3.35
03/26/2030 1,200,000.00 03/30/2026

4.28%
1,159,488.00
1,159,515.82

96.70 4.26%
1,160,433.60
558.33

1.06%
917.78
Aa3/A+
NA

3.99 3.68
24422EYF0 JOHN DEERE CAPITAL CORP 4.375
10/15/2030 1,000,000.00 03/30/2026

4.44%
997,420.00
997,421.56

99.85 4.41%
998,526.00
20,173.61

0.92%
1,104.44
A1/A
A+

4.54 4.00
32 530

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
61747YFU4 MORGAN STANLEY 4.654
10/18/2030 2,200,000.00 02/13/2026

4.16%
2,236,300.00
2,235,134.28

99.96 4.68%
2,199,093.60
46,359.01

2.02%
(36,040.68)
A1/A-
A+

4.55 3.17
828807EB9 SIMON PROPERTY GROUP LP 4.3
01/15/2031 1,400,000.00 02/18/2026

4.23%
1,403,920.00
1,403,828.68

98.55 4.64%
1,379,747.60
13,043.33

1.27%
(24,081.08)
A3/A
NA

4.79 4.24
46647PEV4 JPMORGAN CHASE & CO 5.14
01/24/2031 1,300,000.00 02/11/2026

4.22%
1,343,264.00
1,341,823.87
101.83

4.62%
1,323,791.30
12,435.94

1.21%
(18,032.57)
A1/A
AA-

4.82 3.41
025816DY2 AMERICAN EXPRESS CO 5.085
01/30/2031 1,000,000.00 03/30/2026

4.62%
1,016,100.00
1,016,088.51
101.69

4.61%
1,016,915.00
8,616.25

0.93%
826.49
A2/A-
A

4.84 3.42
02079KBK2 ALPHABET INC 4.1 02/15/2031 1,300,000.00 02/12/2026

4.10%
1,300,075.52
1,300,073.60

99.31 4.26%
1,290,966.30
7,106.67

1.18%
(9,107.30)
Aa2/AA+
NA

4.88 4.35
Total Corporate 29,335,000.00 4.52%
29,266,587.82
29,330,565.02
100.27

4.36%
29,408,335.36
268,204.26

26.98%
77,770.34

3.35 2.84

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 278,772.52 --

3.28%
278,772.52
278,772.52

1.00 3.28%
278,772.52

0.00 0.26%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Money Market
Fund 278,772.52 3.28%
278,772.52
278,772.52

1.00 3.28%
278,772.52

0.00 0.26%

0.00 0.00

0.00 SUPRANATIONAL
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,000,000.00 07/24/2023

4.19%
1,938,380.00
1,971,688.11

99.32 3.81%
1,986,320.00
15,361.11

1.82%
14,631.89
Aaa/AAA
NA

2.28 2.15
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
635,000.00 03/14/2025

4.20%
632,733.05
633,201.09
100.81

3.90%
640,141.60
800.36

0.59%
6,940.51
Aaa/AAA
NA

3.97 3.63
Total Supranational 2,635,000.00 4.20%
2,571,113.05
2,604,889.20

99.68 3.84%
2,626,461.60
16,161.48

2.41%
21,572.40

2.69 2.51

US TREASURY
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,000,000.00 09/30/2021

1.01%
2,980,546.88
2,998,061.08

98.59 3.76%
2,957,742.00

71.72 2.71%
(40,319.08)
Aa1/AA+
AA+

0.50 0.49
33 531

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 1,500,000.00 03/27/2024

4.18%
1,504,511.72
1,502,669.89
101.15

3.83%
1,517,226.00
5,543.48

1.39%
14,556.11
Aa1/AA+
AA+

2.91 2.71
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,200,000.00 05/28/2024

4.53%
2,161,156.25
2,175,928.75
100.83

3.83%
2,218,304.00
247.95

2.03%
42,375.25
Aa1/AA+
AA+

3.00 2.80
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 2,000,000.00 --

4.13%
2,042,382.82
2,027,754.34
102.27

3.84%
2,045,312.00
38,839.78

1.88%
17,557.66
Aa1/AA+
AA+

3.08 2.80
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 2,200,000.00 06/13/2024

4.25%
2,224,578.13
2,215,680.09
101.94

3.84%
2,242,625.00
33,181.32

2.06%
26,944.91
Aa1/AA+
AA+

3.17 2.89
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,500,000.00 --

3.62%
2,540,527.34
2,528,522.23
100.45

3.86%
2,511,132.50
16,574.59

2.30%
(17,389.73)
Aa1/AA+
AA+

3.33 3.08
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,000,000.00 10/30/2024

4.10%
1,915,156.25
1,940,008.50

97.64 3.87%
1,952,890.00
5,434.78

1.79%
12,881.50
Aa1/AA+
AA+

3.42 3.19
91282CFL0 UNITED STATES TREASURY 3.875
09/30/2029 2,200,000.00 10/30/2024

4.10%
2,177,828.13
2,184,214.12
100.01

3.87%
2,200,171.60
232.92

2.02%
15,957.48
Aa1/AA+
AA+

3.50 3.24
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 2,500,000.00 04/29/2025

3.77%
2,523,535.16
2,518,727.98
100.40

3.88%
2,509,960.00
41,988.95

2.30%
(8,767.98)
Aa1/AA+
AA+

3.59 3.25
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,400,000.00 12/27/2024

4.45%
2,366,062.50
2,374,698.04
100.83

3.88%
2,419,874.40
33,181.32

2.22%
45,176.36
Aa1/AA+
AA+

3.67 3.33
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 2,500,000.00 04/29/2025

3.78%
2,550,488.28
2,540,721.98
101.27

3.89%
2,531,640.00
17,610.50

2.32%
(9,081.98)
Aa1/AA+
AA+

3.84 3.49
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 --

4.02%
2,697,195.31
2,697,761.89
100.38

3.89%
2,710,230.30
9,391.30

2.49%
12,468.41
Aa1/AA+
AA+

3.91 3.58
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 2,500,000.00 04/29/2025

3.80%
2,480,664.06
2,484,281.47

98.96 3.91%
2,474,120.00
247.61

2.27%
(10,161.47)
Aa1/AA+
AA+

4.00 3.68
91282CMZ1 UNITED STATES TREASURY 3.875
04/30/2030 2,700,000.00 05/29/2025

4.03%
2,681,542.97
2,684,687.65

99.89 3.90%
2,697,046.20
43,930.94

2.47%
12,358.55
Aa1/AA+
AA+

4.08 3.68
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 2,600,000.00 --

3.84%
2,589,183.60
2,590,687.74

99.39 3.91%
2,584,155.60
32,678.57

2.37%
(6,532.14)
Aa1/AA+
AA+

4.17 3.77
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 2,500,000.00 --

3.68%
2,519,589.84
2,519,115.67

99.83 3.92%
2,495,800.00
16,056.63

2.29%
(23,315.67)
Aa1/AA+
AA+

4.33 3.93
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 2,400,000.00 09/29/2025

3.74%
2,387,625.00
2,388,892.11

98.77 3.93%
2,370,561.60
7,565.22

2.17%
(18,330.51)
Aa1/AA+
AA+

4.42 4.02
Total US Treasury 40,400,000.00 3.77%
40,342,574.24
40,372,413.54
100.11

3.87%
40,438,791.20
302,777.58

37.09%
66,377.66

3.46 3.16
34 532

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Portfolio 109,290,271.84 4.00%
108,719,033.72
108,860,229.58

99.54 4.04%
109,020,479.89
735,162.22
100.00%
160,250.30

3.05 2.58
Total Market Value +
Accrued 109,755,642.11
35 533

HOLDINGS REPORT
City of Orange LAIF Balances | Account #10895 | As of March 31, 2026 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 443,654.33 -- 443,654.33
443,654.33

1.00 443,654.33

0.00 1.05%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 443,654.33
443,654.33
443,654.33

1.00 443,654.33

0.00 1.05%

0.00 0.00

0.00 LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 41,746,849.07 --

3.82%
41,746,849.07
41,746,849.07

1.00 3.82%
41,746,849.07

0.00 98.95%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 41,746,849.07 3.82%
41,746,849.07
41,746,849.07

1.00 3.82%
41,746,849.07

0.00 98.95%

0.00 0.00

0.00 Total Portfolio 42,190,503.40 3.82%
42,190,503.40
42,190,503.40

1.00 3.82%
42,190,503.40

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 42,190,503.40
36 534

HOLDINGS REPORT
City of Orange Bank Balances | Account #10896 | As of March 31, 2026 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
999WEL$14 Wells Fargo 622,915.86 --

0.00%
622,915.86
622,915.86

1.00 0.00%
622,915.86

0.00 5.26%

0.00 NA/NA
NA

0.00 0.00
999WEL$12 Wells Fargo General 137,305.00 --

0.00%
137,305.00
137,305.00

1.00 0.00%
137,305.00

0.00 1.16%

0.00 NA/NA
NA

0.00 0.00
999WEL$15 Wells Fargo 11,088,310.38 12/31/2025

3.54%
11,088,310.38
11,088,310.38

1.00 3.54%
11,088,310.38

0.00 93.58%

0.00 NA/NA
NA

0.00 0.00
Total Cash 11,848,531.24 3.32%
11,848,531.24
11,848,531.24

1.00 3.32%
11,848,531.24

0.00 100.00%

0.00 0.00

0.00 Total Portfolio 11,848,531.24 3.32%
11,848,531.24
11,848,531.24

1.00 3.32%
11,848,531.24

0.00 100.00%

0.00 0.00

0.00 Total Market Value +
Accrued 11,848,531.24
37 535

TRANSACTIONS
38 536

ACQUISITIONS
Purchase 02/12/2026 46647PEV4 1,300,000.00 JPMORGAN CHASE & CO 5.14 01/24/2031 103.328 4.22% (1,343,264.00) (3,341.00) (1,346,605.00) 0.00 Purchase 02/17/2026 3137FG6X8 2,200,000.00 FHMS K-077 A2 3.85 05/25/2028 100.125 3.70% (2,202,750.00) (3,764.44) (2,206,514.44) 0.00 Purchase 02/17/2026 3137F8ZV8 2,200,000.00 FHMS K-123 A2 1.621 12/25/2030 89.848 3.98% (1,976,648.44) (1,584.98) (1,978,233.42) 0.00 Purchase 02/17/2026 62479MH30 2,200,000.00
MUFG Bank, Ltd.,
New York Branch
08/03/2026

98.298 3.73% (2,162,545.61) 0.00 (2,162,545.61) 0.00
Purchase 02/17/2026 02079KBK2 531,000.00 ALPHABET INC 4.1 02/15/2031 99.951 4.11% (530,737.16) (241.90) (530,979.06) 0.00 Purchase 02/17/2026 02079KBK2 769,000.00 ALPHABET INC 4.1 02/15/2031 100.044 4.09% (769,338.36) (350.32) (769,688.68) 0.00 Purchase 02/17/2026 61747YFU4 2,200,000.00 MORGAN STANLEY

4.654 10/18/2030 101.650 4.16% (2,236,300.00) (33,844.92) (2,270,144.92) 0.00 Purchase 02/19/2026 828807EB9 1,400,000.00

SIMON PROPERTY
GROUP LP 4.3
01/15/2031
100.280 4.23% (1,403,920.00) (6,020.00) (1,409,940.00) 0.00 Purchase 02/23/2026 3137FNX54 2,000,000.00 FHMS K-097 A2 2.508 07/25/2029 95.953 3.76% (1,919,062.50) (3,065.33) (1,922,127.83) 0.00 Purchase 02/23/2026 3137HB2L7 2,000,000.00 FHMS K-753 A2 4.4 10/25/2030 102.020 3.87% (2,040,390.63) (5,377.78) (2,045,768.41) 0.00 Purchase 02/23/2026 91282CNN7 2,000,000.00

UNITED STATES
TREASURY 3.875
07/31/2030
101.039 3.62% (2,020,781.25) (4,924.03) (2,025,705.28) 0.00 Purchase 02/24/2026 74753DC37 2,000,000.00

QUALCOMM
Incorporated
03/03/2026

99.929 3.65% (1,998,580.56) 0.00 (1,998,580.56) 0.00
Purchase 02/27/2026 161571HZ0 900,000.00 CHAIT 2025-1 A 4.16 07/15/2030 101.121 3.70% (910,089.84) (1,248.00) (911,337.84) 0.00 Purchase 03/09/2026 002824BR0 470,000.00
ABBOTT
LABORATORIES 3.7
03/09/2029

99.873 3.75% (469,403.10) 0.00 (469,403.10) 0.00
39 537

TRANSACTION LEDGER
City of Orange | Account #10888|01/01/2026 Through 03/31/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Purchase 03/09/2026 002824BR0 530,000.00
ABBOTT
LABORATORIES 3.7
03/09/2029

99.823 3.76% (529,061.90) 0.00 (529,061.90) 0.00
Purchase 03/31/2026 57636QAP9 1,200,000.00 MASTERCARD INC 3.35 03/26/2030 96.624 4.28% (1,159,488.00) (558.33) (1,160,046.33) 0.00 Purchase 03/31/2026 025816DY2 1,000,000.00 AMERICAN EXPRESS CO 5.085 01/30/2031 101.610 4.62% (1,016,100.00) (8,475.00) (1,024,575.00) 0.00 Purchase 03/31/2026 24422EYF0 1,000,000.00

JOHN DEERE
CAPITAL CORP 4.375
10/15/2030

99.742 4.44% (997,420.00) (20,173.61) (1,017,593.61) 0.00 Purchase 03/31/2026 91282CLC3 500,000.00

UNITED STATES
TREASURY 4.0
07/31/2029
100.402 3.87% (502,011.72) (3,259.67) (505,271.39) 0.00 Purchase 03/31/2026 91282CNN7 500,000.00

UNITED STATES
TREASURY 3.875
07/31/2030

99.762 3.93% (498,808.59) (3,157.80) (501,966.39) 0.00
Total Purchase 26,900,000.00 (26,686,701.66) (99,387.11) (26,786,088.77) 0.00 TOTAL
ACQUISITIONS 26,900,000.00 (26,686,701.66) (99,387.11) (26,786,088.77) 0.00

DISPOSITIONS
Maturity 02/08/2026 037833EB2 (3,000,000.00) APPLE INC 0.7 02/08/2026 100.000 0.70% 3,000,000.00 0.00 3,000,000.00 0.00 Maturity 02/13/2026 713448FQ6 (195,000.00) PEPSICO INC 4.55 02/13/2026 100.000 4.57% 195,000.00 0.00 195,000.00 0.00 Maturity 02/17/2026 62479MBH5 (2,000,000.00)
MUFG Bank, Ltd.,
New York Branch
02/17/2026
100.000 4.41% 2,000,000.00 0.00 2,000,000.00 0.00
Maturity 02/21/2026 907818GE2 (470,000.00) UNION PACIFIC CORP

4.75 02/21/2026 100.000 4.77% 470,000.00 0.00 470,000.00 0.00 Maturity 03/03/2026 74753DC37 (2,000,000.00)

QUALCOMM
Incorporated
03/03/2026
100.000 3.65% 2,000,000.00 0.00 2,000,000.00 0.00
Total Maturity (7,665,000.00) 7,665,000.00 0.00 7,665,000.00 0.00 40 538

TRANSACTION LEDGER
City of Orange | Account #10888|01/01/2026 Through 03/31/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Sale 02/27/2026 3137FPJG1 (1,140,000.00) FHMS K-099 A2 2.595 09/25/2029 96.172 4.29% 1,096,359.38 2,136.55 1,098,495.93 17,939.84 Sale 03/31/2026 06368LAQ9 (1,000,000.00) BANK OF MONTREAL

4.7 09/14/2027 100.470 4.91% 1,004,700.00 2,219.44 1,006,919.44 7,461.30 Sale 03/31/2026 91282CKD2 (700,000.00)

UNITED STATES
TREASURY 4.25
02/28/2029
101.066 4.18% 707,464.84 2,506.11 709,970.95 6,217.72
Total Sale (2,840,000.00) 2,808,524.22 6,862.10 2,815,386.32 31,618.86 TOTAL
DISPOSITIONS (10,505,000.00) 10,473,524.22 6,862.10 10,480,386.32 31,618.86 41 539

TRANSACTION LEDGER
City of Orange LAIF Balances | Account #10895|01/01/2026 Through 03/31/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/15/2026 90LAIF$00 59,708.80
Local Agency
Investment Fund State
Pool

1.000 3.93% (59,708.80) 0.00 (59,708.80) 0.00
Purchase 01/15/2026 90LAIF$00 256,724.81
Local Agency
Investment Fund State
Pool

1.000 3.93% (256,724.81) 0.00 (256,724.81) 0.00
Purchase 01/16/2026 90LAIF$00 15,000,000.00
Local Agency
Investment Fund State
Pool

1.000 3.92% (15,000,000.00) 0.00 (15,000,000.00) 0.00
Total Purchase 15,316,433.61 (15,316,433.61) 0.00 (15,316,433.61) 0.00 TOTAL
ACQUISITIONS 15,316,433.61 (15,316,433.61) 0.00 (15,316,433.61) 0.00

DISPOSITIONS
Sale 02/28/2026 90LAIF$00 (14,755,000.00)
Local Agency
Investment Fund State
Pool

1.000 3.86% 14,755,000.00 0.00 14,755,000.00 0.00
Total Sale (14,755,000.00) 14,755,000.00 0.00 14,755,000.00 0.00 TOTAL
DISPOSITIONS (14,755,000.00) 14,755,000.00 0.00 14,755,000.00 0.00 42 540

IMPORTANT DISCLOSURES
2026 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

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

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

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

BENCHMARK DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr Unsubordinated US
Treasury & Agency Index
The ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 44 542
Holdings As Of 03/20/2026
Interest Earnings Projection
03/20/2026 - 06/30/2027
FY 2025-26
(Remaining) FY 2026-27
Start Date 3/20/2026 7/1/2026
End Date 6/30/2026 6/30/2027
Portfolio Beginning Balance 109,395,652$ 110,610,896$ Securities Maturing During Period 2,511,096$ 11,017,456$ Prior Period Income 1,215,244$
Total Reinvestment 2,511,096$ 12,232,700$
Reinvestment Rate, EDSF at Period Start 3.79% 3.79%
Reinvestment Income 95,120$ 463,864$
Maturities After Period 106,884,556$ 95,867,100$
Purchase Yield 4.00% 4.25%
Current Income 1,188,821$ 4,065,204$
Prior Period(s) Reinvestment 2,511,096$
Prior Period(s) Reinvestment Income Carried Forward 95,120$ Total Income 1,215,244$ 4,624,188$
Portfolio Ending Balance 110,610,896$ 115,235,084$
Period Growth (%) *1.11% 4.18%
City of Orange
Portfolio Earnings Estimate
03/20/2026 - 06/30/2027
CAM Account 10888
*Period Growth (%) rate is not annualized
Please note: The estimates in this report are based on current portfolio holdings and use assumptions derived from currently available data, and may fluctuate depending on market conditions, portfolio activity and other factors. While the firm uses best efforts when compiling these projections, there is no guarantee that these estimates will be realized.

Past performance is not indicative of future results.
543
Agenda Item
Orange City Council
Item #: 3.16. 5/12/2026 File #: 26-0172
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Adam Jevec, Chief of Police

1. SUBJECT
Annual Military Equipment Report per California Assembly Bill No. 481

2. SUMMARY
Assembly Bill No. 481 requires all law enforcement agencies to prepare an annual Military Equipment Report following the adoption of a policy for the acquisition and use of military equipment. This annual report, proposed Resolution No. 11676 renewing Ordinance No. 03-22, and non-substantive policy revisions are being submitted for consideration and acceptance.

3. RECOMMENDED ACTION

1. Receive and file annual Military Equipment Report.

2. Adopt Resolution No. 11676 renewing Ordinance No. 03-22 and adopting the newly revised policy in accordance with Government Code § 7071. A Resolution of the City Council of the City of Orange, renewing its military equipment policy.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 1: Maintain Strong Emergency and Safety Services

6. DISCUSSION AND BACKGROUND
In June 2022, the City Council approved Ordinance No. 03-22, adopting a policy for the acquisition and use of military equipment by the Orange Police Department. Pursuant to Assembly Bill No. 481 (AB 481), codified as Government Code sections § 7070 through § 7075, the bill also requires submittal of an annual Military Equipment Report (annual report) detailing the following:

1. A summary of how the military equipment was used and the purpose of its use.

2. A summary of any complaints or concerns received concerning the military equipment.

3. The results of any internal audits, any information about violations of the military equipment use policy, and any actions taken in response.

4. The total annual cost for each type of military equipment, including acquisition, personnel, training, transportation, maintenance, storage, upgrade, and other ongoing costs, and from what source funds will be provided for the military equipment in the calendar year following City of Orange Printed on 5/7/2026Page 1 of 2
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544
Item #: 3.16. 5/12/2026 File #: 26-0172
what source funds will be provided for the military equipment in the calendar year following submission of the annual Military Equipment Report.

5. The quantity possessed for each type of military equipment.

6. If the law enforcement agency intends to acquire additional military equipment in the next year, and the quantity sought for each type of military equipment.

Staff has reviewed and revised its military equipment use policy and created an annual report pursuant to the requirements of AB 481.

Staff recommends accepting the annual report and determining that each type of equipment in the annual report has complied with the standards for approval set forth in Government Code section 7071(d). Additionally, staff recommends Council adopt Resolution No. 11676 affirming Ordinance 03-

22. Finally, staff recommends Council implement the non-substantive policy revision recommendations and adopt the newly revised policy. Once documents are reviewed and renewed, they will be made available on the Orange Police Department’spublic website and followed by a community engagement meeting.

7. ATTACHMENTS
· Attachment 1 Resolution No. 11676
· Attachment 2 Ordinance No. 03-22
· Attachment 3 Orange Police Department Policy 706, Updated 2026 · Attachment 4 2026 Annual Military Equipment Report
City of Orange Printed on 5/7/2026Page 2 of 2
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545
Agenda Item
Orange City Council
Item #: 3.16. 5/12/2026 File #: 26-0172
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Adam Jevec, Chief of Police

1. SUBJECT
Annual Military Equipment Report per California Assembly Bill No. 481

3. RECOMMENDED ACTION

1. Receive and file annual Military Equipment Report.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 1: Maintain Strong Emergency and Safety Services

1. A summary of how the military equipment was used and the purpose of its use.

2. A summary of any complaints or concerns received concerning the military equipment.

3. The results of any internal audits, any information about violations of the military equipment use policy, and any actions taken in response.

4. The total annual cost for each type of military equipment, including acquisition, personnel, training, transportation, maintenance, storage, upgrade, and other ongoing costs, and from what source funds will be provided for the military equipment in the calendar year following City of Orange Printed on 5/7/2026Page 1 of 2
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Item #: 3.16. 5/12/2026 File #: 26-0172
what source funds will be provided for the military equipment in the calendar year following submission of the annual Military Equipment Report.

5. The quantity possessed for each type of military equipment.

6. If the law enforcement agency intends to acquire additional military equipment in the next year, and the quantity sought for each type of military equipment.

Staff has reviewed and revised its military equipment use policy and created an annual report pursuant to the requirements of AB 481.

A RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF ORANGE , RENEWING ITS
MILITARY EQUIPMENT POLICY.

WHEREAS, on September 30, 202 1, Governor Gavin Newsom signed into law Assembly Bill 481 (“AB 481”), adding Chapter 12.8, “Funding, Acquisition and Use of Military Equipment”, to Division 7 of Title 1 of the Government Code (Sections 7070 – 7075), relating to the use of military equipment by California law enforcement agencies; and

WHEREAS, AB 481 seeks to provide transparency, oversight, and an opportunity for meaningful public input on decisions regarding whether and how military equipment is funded, acquired, or used; and

WHEREAS, AB 481 requires, the Orange Police Department to submit to the City Council an annual military equipment report for each type of military equipment approved by the City Council; and

WHEREAS, the City Council shall review its Ordinance approving the funding, acquisition, or use of military equipment at least annually and vote on whether to renew the Ordinance at a regular meeting; and

WHEREAS, the City Council shall determine, based on the Annual Military Equipment report submitted, whether each type of military equipment identified in the annual report has complied with the standards for approval set forth in its Ordinance; and

WHEREAS, the City Council has reviewed the Annual Military Report submitted by the Orange Police Department and determined the military equipment has complied with the standards for approval set forth in its Ordinance; and

WHEREAS, the City Council voted to renew Ordinance No. 03 -22 by resolution of the City Council set forth below.

NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Orange as follows:

SECTION I:

The above recitals are true and correct and are a substantial part of this resolution.

SECTION II:

City of Orange Ordinance No. 03-22 is hereby renewed.

548
2 SECTION III:

The City Council finds that this Resolution is not subject to the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly.

SECTION IV:

The City Clerk shall certify to passage and adoption thereof.

ADOPTED this ____ day of ____________________, 2026

Daniel R. Slater, Mayor, City of Orange

ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney, City of Orange

STATE OF CALIFORNIA )

COUNTY OF ORANGE )

CITY OF ORANGE )

I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the day of , 20 26 by the following vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange
549
ORDINANCE NO. 03- 22

AN ORDINANCE OF THE CITY COUNCIL OF THE

CITY OF ORANGE ADOPTING A POLICY FOR

THE USE OF MILITARY EQUIPMENT BY THE

CITY OF ORANGE POLICE DEPARTMENT
WHEREAS, on September 30, 2021, Governor Gavin Newsom signed into law Assembly Bill No. 481 ( AB 481), relating to the use of military equipment by law enforcement agencies; and
WHEREAS, AB 481, codified as Government Code sections 7070 through 7075, requires law enforcementagenciesto obtain approval of the applicable governing body, by an ordinance adopting a "military equipment" usepolicy, at a regular meeting held pursuant to open meeting laws, prior to taking certain actions relating to the funding, acquisition, or use of military equipment. The term " military equipment" is defined in California Government Code section 7070; and
WHEREAS, AB 481 allows the governing body of a city to approve the funding, acquisition, or use of military equipment within its jurisdiction only if it makes specified determinations; and
WHEREAS,theproposedmilitaryequipmentusepolicyisattachedheretoasExhibit A" and incorporated herein by this reference( the" Military Equipment Policy"); and WHEREAS, the Military Equipment Policy was published on the City of Orange Police Department's internet website on April 4, 2022, more than 30 daysbefore the Military Equipment Policy was first consideredat a public meeting before the City Council on May 10, 2022; and
WHEREAS, the Military Equipment Policy meets the requirements of California Government Code section 7070, subdivision( d).

NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF ORANGE
DOES HEREBY ORDAIN AS FOLLOWS:

SECTION I
The recitals stated above are true and correct, incorporated herein, and form the basis for the adoption of this Ordinance.

SECTION II
1) TheproposedOrdinanceis exemptfromtheprovisionsof theCaliforniaEnvironmental Quality Act ( CEQA) per State CEQA Guidelines Section 15060(c)(2) and 15060(c)(3), because the Ordinance simply provides procedural noticing and posting requirements. The Attachment 2
550
proposedOrdinancedoesnot causechangesto the residentialdensityestablishedin the GeneralPlan. It doesnot involve a specific site or developmentproject, anddoesnot otherwise result in a physical change that could causean impact to the environment.

Adoption of the Ordinance is therefore not a "project" as defined in CEQA Guideline 15378.
2) The proposedOrdinanceis exempt from CEQA per CEQA Guideline 15061(b)(3) becauseit canbe seenwith certainty, afterreview andevaluationof thefactsregarding the Ordinance and its application, that there is substantial evidence that adoption of the Ordinance would not have a significant effect on the environment and the common sense exemption applies.
3) In the unlikely event adoption of the Ordinance would constitute a project under CEQA, it is categorically exempt from the provisions of CEQA per CEQA Guideline 15321(a) Class 21, Enforcement Actions by Regulatory Agencies) because said adoption is an action taken by the City as a regulatory agency and involves " enforcement of a law, generalrule, standard, or objective, administered or adoptedby the regulatory agency."

SECTION III
Based on the above facts, in addition to information provided to the City Council at the public meeting, the City Council approves and adopts the Military Equipment Policy, basedon the following findings:

1. The military equipment identified in the Military Equipment Policy is necessarybecausethere are no reasonablealternatives that can achieve the sameobjectives of officer and civilian safety.

2. The Military Equipment Policy will safeguardthe public' s welfare, safety, civil rights, and civil liberties.

3. The military equipment identified in the Military Equipment Policy is reasonably cost effective compared to available alternatives that can achieve the same objective of officer and civilian safety.

4. All prior military equipment usecomplied with the City' spolicies that were in effect at the time.

SECTION IV
If anysection, subdivision, paragraph, sentence, clauseor phraseof this Ordinanceis foranyreasonheldtobeinvalidorunconstitutional, suchdecisionshallnotaffectthevalidity of the remaining portions of this Ordinance. The City Council hereby declaresthat it would havepassedthis Ordinance, andeachsection, subdivision, paragraph, sentence, clauseand phrasethereof,irrespectiveof thefactthatanyone(ormore) section, subdivision,paragraph, sentence, clauseor phrasehadbeendeclared invalid or unconstitutional. 2 551

SECTION V
TheCity Clerkis herebydirectedto certify theadoptionof this Ordinanceandcause thesameto bepublishedasrequiredby law. This Ordinanceshalltakeeffectthirty( 30) days from and after the date of its final passage.

ADOPTED this 14th day of June, 2022.
4111 4
Mark A. Murphy, Mayor, C. y of Orange
ATTEST:

Weinee
PamelaColeman, City Clerk, City of Orange

STATE OF CALIFORNIA )

COUNTY OF ORANGE )

CITY OF ORANGE
I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify thatthe foregoingOrdinancewasintroducedat theregularmeetingof the City Councilheldon the 10th day of May, 2022, and thereafter at the regular meeting of said City Council duly held on the 14th day of June, 2022 was duly passedand adoptedby the following vote, to wit:

AYES: COUNCILMEMBERS: Murphy, Nichols, Monaco, Barrios, Dumitru, Gutierrez NOES: COUNCILMEMBERS: Tavoularis
ABSENT: COUNCILMEMBERS: None
ABSTAIN: COUNCILMEMBERS: None
aLf-t- e_e_A/ M_4(
Pamela Coleman, City Clerk, City of Orange
Attachment: Exhibit A
3 552
Policy
706
Orange Police Department
Orange PD Policy Manual
Copyright Lexipol, LLC 2026/04/09, All Rights Reserved.

Published with permission by Orange Police Department
Military Equipment - 1
Military Equipment
706.1 PURPOSE AND SCOPE
The purpose of this policy is to provide guidelines for the approval, acquisition, and reporting requirements of military equipment (Government Code § 7070; Government Code § 7071; Government Code § 7072).
706.1.1 DEFINITIONS
Definitions related to this policy include (Government Code § 7070):

Governing body – The elected or appointed body that oversees the Department.

Military equipment – Includes but is not limited to the following:
• Unmanned, remotely piloted, powered aerial or ground vehicles. • Mine-resistant ambush-protected (MRAP) vehicles or armored personnel carriers. • High mobility multipurpose wheeled vehicles (HMMWV), two-and-one-half-ton trucks, five-ton trucks, or wheeled vehicles that have a breaching or entry apparatus attached. • Tracked armored vehicles that provide ballistic protection to their occupants. • Command and control vehicles that are either built or modified to facilitate the operational control and direction of public safety units. • Weaponized aircraft, vessels, or vehicles of any kind. • Battering rams, slugs, and breaching apparatuses that are explosive in nature. This does not include a handheld, one-person ram.
• Firearms and ammunition of_.50 caliber or greater, excluding standard-issue shotguns and standard-issue shotgun ammunition.
• Specialized firearms and ammunition of less than_.50 caliber, including firearms and accessories identified as assault weapons in Penal Code § 30510 and Penal Code § 30515, with the exception of standard-issue firearms.
• Any firearm or firearm accessory that is designed to launch explosive projectiles. • Noise-flash diversionary devices and explosive breaching tools. • Munitions containing tear gas or OC, excluding standard, service-issued handheld pepper spray.
• Area denial electroshock devices, microwave weapons, water cannons, long-range acoustic devices (LRADs), acoustic hailing devices, and sound cannons. • Kinetic energy weapons and munitions.
• Any other equipment as determined by a governing body or a state agency to require additional oversight.

Attachment 3
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Orange Police Department
Orange PD Policy Manual
Military Equipment
Copyright Lexipol, LLC 2026/04/09, All Rights Reserved.

Published with permission by Orange Police Department
Military Equipment - 2
706.2 POLICY
It is the policy of the Orange Police Department that members of this department comply with the provisions of Government Code § 7071 with respect to military equipment. 706.3 MILITARY EQUIPMENT COORDINATOR
The Chief of Police should designate an employee of this department to act as the military equipment coordinator. The responsibilities of the military equipment coordinator include but are not limited to:
(a) Acting as liaison to the governing body for matters related to the requirements of this policy.
(b) Identifying department equipment that qualifies as military equipment in the current possession of the Department, or the equipment the Department intends to acquire that requires approval by the governing body.
(c) Conducting an inventory of all military equipment at least annually. (d) Collaborating with any allied agency that may use military equipment within the jurisdiction of Orange Police Department (Government Code § 7071). (e) Preparing for, scheduling, and coordinating the annual community engagement meeting to include:

1. Publicizing the details of the meeting.

2. Preparing for public questions regarding the department's funding, acquisition, and use of equipment.
(f) Preparing the annual military equipment report for submission to the Chief of Police and ensuring that the report is made available on the department website (Government Code § 7072).
(g) Establishing the procedure for a person to register a complaint or concern, or how that person may submit a question about the use of a type of military equipment, and how the Department will respond in a timely manner.
706.4 MILITARY EQUIPMENT INVENTORY
The following constitutes a list of qualifying equipment for the Department:

See attachment: Military Equipment Inventory - 2026.pdf 706.5 APPROVAL
The Chief of Police or the authorized designee shall obtain approval from the governing body by way of an ordinance adopting the military equipment policy. As part of the approval process, the Chief of Police or the authorized designee shall ensure the proposed military equipment policy is submitted to the governing body and is available on the department website at least 30 days prior to any public hearing concerning the military equipment at issue (Government Code § 7071). The military equipment policy must be approved by the governing body prior to engaging in any of the following (Government Code § 7071):
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Orange Police Department
Orange PD Policy Manual
Military Equipment
Copyright Lexipol, LLC 2026/04/09, All Rights Reserved.

Published with permission by Orange Police Department
Military Equipment - 3
(a) Requesting military equipment made available pursuant to 10 USC § 2576a. (b) Seeking funds for military equipment, including but not limited to applying for a grant, soliciting or accepting private, local, state, or federal funds, in-kind donations, or other donations or transfers.
(c) Acquiring military equipment either permanently or temporarily, including by borrowing or leasing.
(d) Collaborating with another law enforcement agency in the deployment or other use of military equipment within the jurisdiction of this department. (e) Using any new or existing military equipment for a purpose, in a manner, or by a person not previously approved by the governing body.
(f) Soliciting or responding to a proposal for, or entering into an agreement with, any other person or entity to seek funds for, apply to receive, acquire, use, or collaborate in the use of military equipment.
(g) Acquiring military equipment through any means not provided above. 706.6 EXIGENT CIRCUMSTANCES
In exigent circumstances and with the approval of the Chief of Police or their designee, the department may acquire, borrow and/or use military equipment that is not included in the Military Equipment Use Policy. If the department acquires, borrows, and/or used military equipment in exigent circumstances, in accordance with this section, it must take all of the following actions:
• Provide written notice of that acquisition nor use to the City Council within 30 days following the commencement of the exigent circumstances, unless such information is confidential or privileged under local, state or federal law. • If it is anticipated that the use will continue beyond the exigent circumstances, the department will submit a proposed amendment to the Military Equipment Use Policy to the City Council within 90 days following the borrowing, acquisition, and/or use, and receive approval, as applicable, from the City Council. • Include the military equipment in the department's next annual Military Equipment Report.
706.6.1 COORDINATION WITH OTHER JURISDICTIONS
Military equipment used by any employee of this department shall be approved for use and in accordance with this department policy. Military equipment used by other jurisdictions that are providing mutual aid to this department shall comply with their respective military equipment use policies in rendering mutual aid should not be used by any other law enforcement agency or personnel in this jurisdiction unless the military equipment is approved for use in accordance with this policy.
706.7 ANNUAL REPORT
Upon approval of a military equipment policy, the Chief of Police or the authorized designee should submit a military equipment report to the governing body for each type of military equipment 555
Orange Police Department
Orange PD Policy Manual
Military Equipment
Copyright Lexipol, LLC 2026/04/09, All Rights Reserved.

Published with permission by Orange Police Department
Military Equipment - 4
approved within one year of approval, and annually thereafter for as long as the military equipment is available for use (Government Code § 7072).

The Chief of Police or the authorized designee should also make each annual military equipment report publicly available on the department website for as long as the military equipment is available for use. The report shall include all information required by Government Code § 7072 for the preceding calendar year for each type of military equipment in department inventory. 706.8 COMMUNITY ENGAGEMENT
Within 30 days of submitting and publicly releasing the annual report, the Department shall hold at least one well-publicized and conveniently located community engagement meeting, at which the Department should discuss the report and respond to public questions regarding the funding, acquisition, or use of military equipment. The procedures by which members of the public may register complaints or concerns or submit questions about the use of each specific type of military equipment are governed by department policy: Personnel Complaints. 556
Orange PD Policy Manual
Copyright Lexipol, LLC 2026/04/09, All Rights Reserved.

Published with permission by Orange Police Department
Attachments - 5
Attachments
557
Attachment
Orange PD Policy Manual
Copyright Lexipol, LLC 2026/04/09, All Rights Reserved.

Published with permission by Orange Police Department
Military Equipment Inventory - 2026.pdf - 6
Military Equipment Inventory - 2026.pdf
Military Equipment Inventory - 2026.pdf
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2026 Orange Police Department Military Equipment Inventory List Equipment Type: Unmanned Aerial System (UAS); CA Gov’t Code §7070(c)(1) Description: DJI Mavic 2 Enterprise Dual; Quad propellers; FAA Flight number FA37MCM7CN Quantity: 1 Lifespan: 3-5 years
Capabilities: 24mm camera with ½.3” 12MP sensor and FLIR thermal imaging sensor. Together they can capture up to UHD 4 K resolution video at 30 fps, or thermal imaging images and temperature data. Speeds of up to

44.7mph and up to 31 minutes of flight time
Manufacturer’s Description: Flagship consumer drone with built in FLIR capabilities Purpose/Authorized Uses: Utilized to enhance the department’s mission of protecting lives and property when other means and resources are not available or are less effective Fiscal Impacts: $4,622.00 inventory
Legal/Procedural Rules Governing Use: Governed by FAA; All applicable State, Federal and Local laws governing police Search & Seizure
Training Required: Part 107 FAA Certificate; Authorized department quarterly training Compliance Mechanisms: Department Policy – Unmanned Aerial Systems (UAS) Operations

Equipment Type: Unmanned Aerial System (UAS); CA Gov’t Code §7070(c)(1) Description: DJI Mavic 2 Pro; Quad propeller; FAA Flight number FA3LXY33RA and FA3LXY4WW4 Quantity: 2 Lifespan: 3-5 years
Capabilities: 970 grams; Flight time up to 30 minutes
Manufacturer’s Description: To make a drone that exists where engineering, technology, and the needs of the aerial photographer converge. A drone that embodies all DJI's advanced, signature technologies, and is able to redefine what is possible for the world of aerial photography Purpose/Authorized Uses: Utilized to enhance the department’s mission of protecting lives and property when other means and resources are not available or are less effective Fiscal Impacts: $2,392.00 each; $4,784.00 inventory
Legal/Procedural Rules Governing Use: Governed by FAA; All applicable State, Federal and Local laws governing police Search & Seizure
Training Required: Part 107 FAA Certificate; Authorized department quarterly training Compliance Mechanisms: Department Policy – Unmanned Aerial Systems (UAS) Operations

Equipment Type: Unmanned Aerial System (UAS); CA Gov’t Code §7070(c)(1) Description: DJI Phantom 4 Pro; Quad propeller; FAA Flight number FA3LXXTELR and FA3LXXX9NK Quantity: 2 Lifespan: 3-5 years
Capabilities: 30-minute flight time; 4K video; 5 direction obstacle sensing; up to 42 miles per hour; 1338 grams Manufacturer’s Description: An up dated camera is equipped with a 1 -inch 20 -megapixel sensor capable of shooting 4K/60fps video and Burst Mode stills at 14 fps. The adoption of titanium alloy and magnesium alloy construction increases the rigidity of the airframe and reduces weight, making the Phantom 4 Pro similar in weight to the Phantom 4. The Flight Autonomy system adds dual rear vision sensors and infrared sensing systems for a total of 5-direction of obstacle sensing and 4-direction of obstacle avoidance Purpose/Authorized Uses: Utilized to enhance the department’s mission of protecting lives and property when other means and resources are not available or are less effective Fiscal Impacts: $2,807.00 each; $5,614.00 inventory
Legal/Procedural Rules Governing Use: Governed by FAA; All applicable State, Federal and Local laws governing police Search & Seizure
Training Required: Part 107 FAA Certificate; Authorized department quarterly training Compliance Mechanisms: Department Policy – Unmanned Aerial Systems (UAS) Operations

559
Equipment Type: Unmanned Aerial System (UAS); CA Gov’t Code §7070(c)(1) Description: Mini 2; Quad propellers; FAA Flight number FA3FAP49RT Quantity: 1 Lifespan: 3-5 years
Capabilities: 249 grams; Flight time 31 minute; 4K video resolution; Speeds of up to 36mph Manufacturer’s Description: Small, lightweight consumer drone Purpose/Authorized Uses: Utilized to enhance the department’s mission of protecting lives and property when other means and resources are not available or are less effective Fiscal Impacts: $499.00 inventory
Legal/Procedural Rules Governing Use: Governed by FAA; All applicable State, Federal and Local laws governing police Search & Seizure
Training Required: Part 107 FAA Certificate; Authorized department quarterly training Compliance Mechanisms: Department Policy – Unmanned Aerial Systems (UAS) Operations

Equipment Type: Unmanned Aerial System (UAS); CA Gov’t Code §7070(c)(1) Description: Mini 3; Quad propellers; FAA Flight number FA3KNR3KLY Quantity: 1 Lifespan: 3-5 years
Capabilities: 248 grams; Flight time 38 minute; 4K video resolution; Speeds of up to 36mph Manufacturer’s Description: Small, lightweight consumer drone Purpose/Authorized Uses: Utilized to enhance the department’s mission of protecting lives and property when other means and resources are not available or are less effective Fiscal Impacts: $699.00 inventory
Legal/Procedural Rules Governing Use: Governed by FAA; All applicable State, Federal and Local laws governing police Search & Seizure
Training Required: Part 107 FAA Certificate; Authorized department quarterly training Compliance Mechanisms: Department Policy – Unmanned Aerial Systems (UAS) Operations

Equipment Type: Unmanned Aerial System (UAS); CA Gov’t Code §7070(c)(1) Description: Matrice 30T; Quad propellers; FAA Flight number FA37FCHMYM Quantity: 1 Lifespan: 3-5 years
Capabilities: The Matrice 30T has a 48-megapixel camera; 5x-16x optical zoom; 5K/30 fps video resolution; 41- minute max flight time; Speeds of up to 45 mph; 3770 grams.

Manufacturer’s Description: The DJI Matrice 30T is designed for first responder use in harsh conditions. It is a powerful, yet portable drone made for public safet y. With over 41 minutes of flight time with an integrated camera, the 30T is small and mobile while still providing the image resolution needed for public safety tasks.

Purpose/Authorized Uses: Utilized to enhance the department’s mission of protecting lives and property when other means and resources are not available or are less effective Fiscal Impacts: $13,999.00 inventory
Legal/Procedural Rules Governing Use: Governed by FAA; All applicable State, Federal and Local laws governing police Search & Seizure
Training Required: Part 107 FAA Certificate; Authorized department quarterly training Compliance Mechanisms: Department Policy – Unmanned Aerial Systems (UAS) Operations

Equipment Type: Unmanned Aerial System (UAS); CA Gov’t Code §7070(c)(1) Description: Avata 2; FAA Flight number FA3AFCE7CM
Quantity: 1 Lifespan: 3-5 years
Capabilities: The Avata 2 has a 12 -megapixel camera; 4K/100 fps video resolution; 23-minute max flight time; Speeds of up to 27 m/sec.

Manufacturer’s Description: The DJI Avata 2 is designed to be lighter and more agile than other UAS systems, enabling it to navigate freely in tight spaces. A newly designed controller allows for easy operation during 560
advanced maneuvers, and the UAS’ ability to flip forward and backwards make it ideal for indoor operation.

With 23 minutes of flight time , a co mpact design, and an integrated high-resolution camera, the Avata 2 can quickly be deployed for a multitude of public safety tasks.

Purpose/Authorized Uses: Utilized to enhance the department’s mission of protecting lives and property when other means and resources are not available or are less effective Fiscal Impacts: $1,292.99 inventory
Legal/Procedural Rules Governing Use: Governed by FAA; All applicable State, Federal and Local laws governing police Search & Seizure
Training Required: Part 107 FAA Certificate; Authorized department quarterly training Compliance Mechanisms: Department Policy – Unmanned Aerial Systems (UAS) Operations

Equipment Type: Wheeled Vehicle that has a breaching or entry apparatus attached; CA Gov’t Code §7070(c)(3) Description: Lenco BearCat G2 (Armored Rescue Vehicle); Black armored, wheel vehicle; White reflective agency name; red/blue lights; siren / PA system; Removable hydraulic boom/ram Quantity: 1 Lifespan: 25 years
Capabilities: The Lenco BearCat is an armored tactical response & rescue vehicle produced on the Ford F -550 commercial truck chassis platform.

Specifications:
• Cruising speed: 75 MPH/ Max speed 90 MPH
• Stop distance with full load: 50 MPH -128’
• Engine 6.7L V8 Turbo Diesel
• 450 horsepower & 935 Ib-ft torque
• Operating range approximately 200 miles (4-6 mpg).
• Weight: approx. 17,550 lbs.
• 40-gallon fuel tank
• Fuel tank protected by 1.4” steel
• Tires equipped with run flats
• 98 ½ inches wide (8.2 feet)
• 106 inches tall (8.8 feet)
Ballistic Capabilities:
• All 6 sides armored with Mil-Spec steel armor
• Testing has defeated (10) rounds from .50 CAL ball ammo at 0 degrees • Armor provides multi-hit protection from .30 cal rounds including windows Manufacturer’s Description: Enhances the safety of Police, EMS, Tactica l Response Teams, EOD units and Firefighters. The vehicle can provide enhanced personal protection and survivability in threatening environments including but not limited to Natural Disasters, Riot Control, Barricaded Suspects, Search and Rescue and Hostage Situations. The Lenco Bearcat is four-wheel drive and will operate in most weather and terrain conditions. The vehicle features Ballistic Armor, weapon ports, a top mounted rotating turret with adjustable height stand, and an array of specific electrical and mechanical options to meet the user’s specific needs Purpose/Authorized Uses: ARV may be used for the following types of inci dents; high risk search warrants, armed barricaded suspects in a structure or vehicle, armed suspects in an open area (large field, parking lot, etc.), SWAT call-outs, assisting an outside jurisdiction, downed person(s) rescues where a person(s) have been shot and is in need of rescue to get medical attention when the suspect(s) still poses a threat, evacuations from an active area where a threat of gun fire still exist, terrorist incident, mobile field force deployments for riot situations, for any event w here the ARV would be deemed necessary to assist police officers and the public at risk, or SWAT and Mobile Field Force training
Fiscal Impacts: $266,069 initial cost; $1,750 annual maintenance Legal/Procedural Rules Governing Use: Authorized by the Watch Commander Training Required: Initial training by Lenco provided to training cadre ; Initial training provided by LASD Special Enforcement Bureau; Agency authorized orientation and annual training Compliance Mechanisms: Department Policy – Vehicle Use
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Equipment Type: Command and Control Vehicle; CA Gov’t Code §7070(c)(5) Description: 2002 Mattman Specialty Vehicle; Freightliner MT55 Command Coac h; Black and white box truck clearly marked with reflective Agency name; red/blue lights; siren / PA system Quantity: 1 Lifespan: 25 years
Capabilities: Incident Command vehicle; Dispatch center; conference room; transportation of equipment to be used at on scene of mobile command
Manufacturer’s Description: The Freightliner MT -55 is a true heavy -duty delivery or emergency response vehicle. The MT-55's heavy-duty chassis offers a gross vehicle weight rating between 20,000 and 30,000 pounds and can accept freight up to 1,500 cubic feet.

Purpose/Authorized Uses: To provide a means of transportation for equipment and to be used on scene as the Incident Commander/SWAT Commander command and control vehicle Fiscal Impacts: $362,538.00 initial cost; $3,000 annual maintenance Legal/Procedural Rules Governing Use: Authorized by the Incident Commander / Watch Commander Training Required: Agency authorized orientation; yearly agency training Compliance Mechanisms: Operational use under the review of the Incident Commander or Watch Commander

Equipment Type: Command and Control Vehicle; CA Gov’t Code §7070(c)(5) Description: 2003 Mattman Specialty Vehicle; Workhorse P30042 SWAT Equipment Truck; Black and white box truck clearly marked with reflective Agency name; red/blue lights; siren / PA system Quantity: 1 Lifespan: 25 years
Capabilities: Provides a tactical command post location that can assist with the response to critical incidents; contains designated areas for equipment storage and crisis negotiation operations Manufacturer’s Description: Step-van used for a variety of purposes Purpose/Authorized Uses: Designated as tactical command post during SWAT activations Fiscal Impacts: $150,000 Initial cost; $1,300 annual maintenance Legal/Procedural Rules Governing Use: Department Policy – Crisis Response Unit Training Required: Agency authorized orientation; yearly agency training Compliance Mechanisms: Department Policy – Crisis Response Unit

Equipment Type: Explosive Breaching Tools; CA Gov’t Code §7070(c)(7) Description: Remington 870 Wingmaster breaching shotgun; a specially converted shotgun designed to fire a specialty round to defeat or destroy deadbolts, hinges and locks Quantity: 2 Lifespan: round and use dependent
Capabilities: Range is 6 inches or less
Manufacturer’s Description: A specially converted 12-gauge shotgun that fires a specialty breaching round Purpose/Authorized Uses: Used to force entry into a structure by disabling the door lock mechanisms, doorknobs, hinges, dead bolts, safety chains and pad locks on both wooden or hollow core doors; Shotgun is used to rapidly destroy a deadbolt, hinge or lock while reducing the dang er to people behind or around the targeted door; SWAT equipment subject to Department Policy – Crisis Response Unit Fiscal Impacts: $765.77 each; $1,531.54 inventory
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police Search & Seizure; SWAT equipment subject to Department Policy – Crisis Response Unit Training Required: POST approved Tactical Breaching for trainers; 16 hours “Breaching Course”; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Crisis Response Unit

Equipment Type: Explosive Breaching Ammunition; CA Gov’t Code §7070(c)(7) Description: Royal Arms, TESAR-1, Orange CAP 275 Grain Copper Frangible Breaching Round 562
Quantity: 45; Ideal inventory - 25 Lifespan: N/A
Capabilities: When deployed, can defeat door lock mechanisms, doorknobs, hinges, dead bolts, safety chains and pad locks on both wooden or hallow core doors
Manufacturer’s Description: Orange Cap 2-3/4” 275 Grain Compressed Copper Frangible 12 Gauge Shotgun Slug
Slug Material: Copper Powder
Velocity: 1,750 Ft p/sec -18” Barrel
Use: For Wood Doors, Solid & Hollow
Defeats: Solid Wood Doors, Locks & Hinges
Purpose/Authorized Uses: Used to force entry into a structure by disabling the door lock mechanisms, doorknobs, hinges, dead bolts, safety chains and pad locks on both wooden or hollow core doors; used to rapidly destroy a deadbolt, hinge or lock while reducing the danger to people behind or around the targeted door; SWAT equipment subject to Department Policy – Crisis Response Unit Fiscal Impacts: $4.50 per round; $112.50 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police Search & Seizure; SWAT equipment subject to Department Policy – Crisis Response Unit Training Required: POST approved Tactical Breaching for trainers; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Crisis Response Unit

Equipment Type: Explosive Breaching Ammunition; CA Gov’t Code §7070(c)(7) Description: Royal Arms FTR-P1 Training Ammunition (Poly Shot) Quantity: 45; Ideal inventory - 50 Lifespan: N/A
Capabilities: Ideal for training on breaching locking mechanisms on solid and hollow core doors Manufacturer’s Description: Royal Arms Frangible Training Breaching Ammunition offers a low -cost round for Tactical Teams to practice, without the heavy recoil of Breaching Rounds so you can shoot these all day long. This load is designed for pump shotguns and will not function Semi Auto. It has enough power to effectively breach training doors yet has 1/3 the recoil and payload. The round is non -toxic and has no metal projectiles and is loaded with #4 polyethylene shot
Purpose/Authorized Uses : Used to train on how to force entry into a structure by disabling the door lock mechanisms, doorknobs, hinges, dead bolts, safety chains and pad locks on both wooden or hollow core doors; Used to force entry into a structure by disabling the door lock mechanisms, doorknobs, hinges, dead bolts, safety chains and pad locks on both wooden and hollow core doors; SWAT equipment subject to Department Policy – Crisis Response Unit
Fiscal Impacts: $2.00 per round; $100.00 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police Search & Seizure; SWAT equipment subject to Department Policy – Crisis Response Unit Training Required: POST approved Tactical Breaching for trainers; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Crisis Response Unit

Equipment Type: Firearms of less than .50 caliber; CA Gov’t Code §7070(c)(10) Description: Colt LE M4 AR 15 16.1 556 30 RD
Quantity: 167 Lifespan: Round and use dependent
Capabilities: Operational range 1 mile
Manufacturer’s Description: To be used as precision weapon to address a threat with more precision and/or at greater distance than a handgun, if present and feasible Purpose/Authorized Uses: Officers may deploy the patrol rifle in any circumstance where the officer can articulate a reasonable expectation that the rifle may be needed. Examples of some general guidelines for deploying the patrol rifle may include, but are not limited to:
• Situations where the officer reasonably anticipates an armed encounter 563
• When an officer is faced with a situation that may require accurate and effective fire at long range • Situations where an officer reasonably expects the need to meet or exceed a suspect's firepower • When an officer reasonably believes that there may be a need to fire on a barricaded person or a person with a hostage
• When an officer reasonably believes that a suspect may be wearing body armor • When authorized or requested by a supervisor
• When needed to euthanize an animal
Fiscal Impacts: $1,088.10 each; $181,714.33 inventory
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force
Training Required: P.O.S.T. approved 16-hour class; Quarterly qualifications Compliance Mechanisms: Department Policy - Firearms

Equipment Type: Firearms of less than .50 caliber; CA Gov’t Code §7070(c)(10) Description: Accuracy International AT Law Enforcement, .308 Caliber Quantity: 2 Lifespan: Round and use dependent
Capabilities: The Accuracy Internation al AT Law Enforcement rifle fires with extreme precision at different distances. The barrel, which is shorter than common hunting / long distance rifles, allows for tactical applications.

Accuracy International supplies multiple law enforcement agencies with high quality precision rifles.

Manufacturer’s Description: The AT is a culmination of ideas and requests from both the law enforcement community and civilian tactical shooters, resulting in a tactical rifle system that delivers leading-edge capability and unmatched value. The AT provides the end user with the latest in Accuracy International’s long line of battle- proven features and adheres to A ccuracy International’s long -standing dedication to accuracy, reliability, ruggedness, and quality.

Purpose/Authorized Uses: Used as a long-rage precision weapon system capable of delivering accurately placed shots on target through a greater magnification at longer ranges Fiscal Impacts: $11,118.71 each; $22,235.42
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force
Training Required: Basic SWAT School; Basic Sniper School Compliance Mechanisms: Department Policy – Firearms; Crisis Response Unit

Equipment Type: Firearms of less than .50 caliber; CA Gov’t Code §7070(c)(10) Description: Stiller TAC 30, Grayboe Ridgeback, Timney Model 510 Trigger, .308 Caliber Quantity: 3 Lifespan: Round and use dependent
Capabilities: The Stiller Tac 30 Rifle is a custom-built rifle made by Jim Gruning with Gruning Precision. The rifles fire with extreme precision at different distances. They have custom heavy barrels which are shorter than any other common hunting/ long distance rifle which allows for tactical applications. Gr uning precision supplies multiple law enforcement agencies across the United States with custom rifles. Thorough annual inspections of each rifle are free of charge.

Manufacturer’s Description: Specialties include customizing the bolt action rifle, M1A, AR15, and AR10 style rifles. Gruning manufactures a complete line of durable products, including scope rings, bases, and mounts Purpose/Authorized Uses: Used as a long-rage precision weapon system capable of delivering accurately placed shots on target through a greater magnification at longer ranges Fiscal Impacts: $5,715.00 each; $17,145.00 inventory
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force
Training Required: Basic SWAT School; Basic Sniper School Compliance Mechanisms: Department Policy – Firearms; Crisis Response Unit

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Equipment Type: Firearms of less than .50 caliber; CA Gov’t Code §7070(c)(10) Description: Remington 700 Police LTR .308 bolt Action
Quantity: 1 Lifespan: Round and use dependent
Capabilities: The Remington 700 Police LTR is one of the most popular police sniper rifles used. It is known for its accuracy, durability and reliability. The department’s Remington 700 has been modified with a Gruning precision heavy barrel and Timney trigger system. The custom heavy barrel is shorter than any other common hunting / long distance rifle which allows for tactical applications.

Manufacturer’s Description: Specialties include customizing the bolt action rifle, M1A, AR15, and AR10 style rifles. Remington manufactures a complete line of durable products, including scope rings, bases, and mounts Purpose/Authorized Uses: Used as a long-rage precision weapon system capable of delivering accurately placed shots on target through a greater magnification at longer ranges.

Fiscal Impacts: $814.14 each
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force
Training Required: Basic SWAT School; Basic Sniper School Compliance Mechanisms: Department Policy – Firearms; Crisis Response Unit

Equipment Type: Ammunition of less than .50 caliber; CA Gov’t Code §7070(c)(10) Description: Winchester Q3131, Full Metal Jacket 5.56MM, 55 Grain Training Ammunition; 1000 rounds/case Quantity: 33,000 rounds; ideal inventory – 96,000 rounds Lifespan: N/A Capabilities: 3240 fps; 1282 ft-lbs
Manufacturer’s Description: Winchester USA Centerfire Rifle Ammunition is the ideal choice for training or extended sessions at the range providing great performance at a value price. Winchester Q3131A features a 55- grain full metal jacket bullet in a fully reloadable boxer primed brass case. This is some of the most sought after and hard to find ammunition. It is Winchester's version of the legendary XM-193 load Purpose/Authorized Uses: Used for training environments as ammunition for rifles Fiscal Impacts: $0.45 per round; $43,200.00 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force
Training Required: P.O.S.T. approved 16-hour class; Quarterly qualifications Compliance Mechanisms: Department Policy – Firearms; Use of Force

Equipment Type: Ammunition of less than .50 caliber; CA Gov’t Code §7070(c)(10) Description: Winchester RA223R, Ranger, Pointed Soft Point .223 REM, 55 grain Duty Ammunition; 1000 rounds/case
Quantity: 5,000 rounds; ideal inventory – 6,000 rounds Lifespan: N/A Capabilities: 3240 fps; 1282 ft-lbs
Manufacturer’s Description: This Winchester Ranger 223 Remington ammo features a 55 Grain Pointed Soft Point bullet. Winchester Ranger is the highest quality hollow point ammunition money can buy. This Winchester Ranger .223 55 grain Power Point Soft Point is intended for Law Enforcement use. This Winchester Ranger .223 Remington is new ammo and is not Police Department surplus. This Winchester Ranger 223 Remington has a muzzle velocity of 3240 feet per second and a muzzle energy of 1282 foot pounds. Winchester Ranger ammo is reloadable, features brass cases and boxer primers. This ammunition is non-corrosive Purpose/Authorized Uses: Used as duty round for rifle
Fiscal Impacts: $0.66 per round; $3,960.00 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force
Training Required: P.O.S.T. approved 16-hour class; Quarterly qualifications Compliance Mechanisms: Department Policy – Firearms; Use of Force

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Equipment Type: Ammunition of less than .50 caliber; CA Gov’t Code §7070(c)(10) Description: Hornady 80725, .308 WIN Tactical Application Police (TAP), 168 Grain, ELD Match TAP Precision; 200 rounds per case
Quantity: 2,400; ideal inventory – 3,000 Lifespan: N/A
Capabilities: This ammunition is used by a wide range of police agencies in the US. It is known for its accuracy, stopping power and rarely over penetrates. It can be used in multiple SWAT applications including but not limited to, short range engagements, long range engagements, barricaded subjects, barrier shooting and hostage rescue shots; 2700 fps
Manufacturer’s Description: Hornady® 308 WIN TAP 168 gr. ELD® MATCH TAP PRECISION® ammunition was designed as an improvement on the 168 gr. A-MAX TAP PRECISION® load by incorporating the new ELD® Match bullet. The 168 gr. ELD® Match bullet with Heat Shield® tip delivers the excellent terminal performance TAP Precision® is known for, but features a resilient, heat resistant polymer tip that improves the ballistic coefficient, resulting in higher impact velocities, less drop, less wind drift, and more energy on target.

Purpose/Authorized Uses: Used as duty round for rifle.

Fiscal Impacts: $1.25 each; $3,750.00 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force
Training Required: Basic Sniper School; monthly training and qualification Compliance Mechanisms: Department Policy – Firearms; Use of Force, Crisis Response Unit

Equipment Type: “Flashbang” grenade; CA Gov’t Code §7070(c)(12) Description: Defense Technology 8922NRSC, Low Roll II Non-Reloadable Distraction Device with Safety Clip Quantity: 20; ideal inventory - 20 Lifespan: 5 years
Capabilities: Diversionary devices are categorized as a low order explosive that deflagrates rather than detonate.

Their burn rate is measured in feet per second vs. miles per second (high order explosive). Initiation of the device is through a thermal process, which generates a sudden and rapid escape of gases from the device resulting in a brilliant light and loud noise. This deflagration may disorient and confuse a person by causing “sensory overload” for a few seconds and provide a tactical advantage for SWAT teams.

Manufacturer’s Description: The Low Roll II™ Non-Reloadable Distraction Device® utilizes an M201A1 type fuse with Hex design steel body. This compact version of the 8933 Low Roll body is the newest version of the original reusable non-bursting canister that limits movement and rolling once deployed. The compact Distraction Device unit fits safely in your hand and packs all the power of the full size 12 -Gram Distraction Device unit. This steel body is designed to reduce rolling, fit in tactical pouches easily and deliver the safest and most effective stimuli in the i ndustry. The compact Distraction Device unit should only be deployed in areas that have been visually observed to be clear of potential hazards.

Purpose/Authorized Uses: Used as distraction light and sound device during tactical operation Fiscal Impacts: $79.89 each; $1,597.80 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit
Training Required: 16-hour POST approved Diversionary Device Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Crisis Response Unit

Equipment Type: Tear Gas; CA Gov’t Code §7070(c)(12)
Description: Defense Technology 1072; Spede Heat CS Continuous Discharge Chemical Grenade Quantity: 5; ideal inventory 5 Lifespan: 5 years
Capabilities: Ideal use is for crowd control or other outdoor uses Manufacturer’s Description: The Spede -Heat™ Grenade is a high volume, continuous discharge grenade available in OC, CN or CS. In the OC, CN and CS configurations, pelletized chemical agent is discharged through four (4) gas ports located on top of the canister, three (3 ) on the side, and one (1) on the bottom. Designed 566
specifically for outdoor use in crowd control situations, the SpedeHeat™ Grenade is built on the old-style larger canister. It is a high-volume continuous burn device that expels its payload in approximate ly 20 - 40 seconds from a single source. The longer burn time may allow for throwback by individuals wearing burn protection such as a welder’s mitt. The canisters may be protected from advancing individuals with the use of less lethal impact munitions. The device should be deployed utilizing wind advantage. It should NOT be deployed onto rooftops, in crawl spaces, or indoors due to its fire-producing capability. Hand throw or launch. Launching of grenades will provide deploying officers additional stand-off distances. Affords very good coverage for large outdoor areas.

Purpose/Authorized Uses: Used in tactical situations to gain compliance Fiscal Impacts: $29.50 each; $147.50 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit
Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Tear Gas; CA Gov’t Code §7070(c)(12)
Description: Defense Technology 1016 Pocket Tactical CS Grenade Quantity: 4; ideal inventory 5 Lifespan: 5 years
Capabilities: Due to its smaller size, the operator can carry it on their person. It can be used to contain smoke or other chemical agents
Manufacturer’s Description: The Pocket Tactical Grenade is a quick burning, reduced volume, continuous discharge grenade available in OC, CN, CS, and Saf -Smoke™. Pelletized chemical agent or smoke is discharged through one (1) gas port located on the bottom of the canister. The Pocket Tactical Grenade is a small, lightweight, easily carried device that provides a medium volume of c hemical agent or smoke for certain situations. It was designed with the tactical team in mind for distraction, concealment, rescue, or signaling. The pocket grenade is not specifically intended as a crowd management device; however, it can be used in chemical configurations in conjunction with larger smoke canisters to “ piggyback” chemical agent into a predominately smoke environment. This device should be deployed utilizing wind advantage Purpose/Authorized Uses: Used in tactical situations to gain compliance Fiscal Impacts: $20 each; $100 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit
Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Tear Gas; CA Gov’t Code §7070(c)(12)
Description: Defense Technology Flameless Tri-Chamber CS, Model 1032 Quantity: 11; ideal inventory - 10 Lifespan: 5 years
Capabilities: Capable of being used for crowd control and barricaded subjects Manufacturer’s Description: The Tri -Chamber Flameless Grenade is designed for indoor use. This grenade’s pyrotechnic contents are burned within an internal can that is one of three in this design. The internal combustion allows the chemical-laden smoke to be released through three (3 ) ports on the outer canister side while safely containing any of the fire -producing properties within the two internal canisters. The fuse is shrouded to further protect surrounding materials from the possibility of fire. The Tri -Chamber Flameless Grenade can be used in crowd control as well as tactical deployment situations by Law Enforcement and Corrections but was designed with the barricade situation in mind. Its applications in tactical situations are primarily to detect and/or dislodge barricaded sub jects. The purpose of the Tri -Chamber Flameless Grenade is to minimize the risks to all parties through pain compliance, temporary discomfort, and/or incapacitation of potentially violent or dangerous subjects. The Tri-Chamber Flameless Grenade provides the option of delivering a pyrotechnic chemical device indoors, maximizing the chemicals’ effectiveness via heat and vaporization, while 567
minimizing or negating the chance of fire to the structure. The actual smoke and chemical content is minimal enough that oxygen displacement concerns and LCT is rarely reached. It is a viable option when chemical-laden powders or liquids are ineffective or inappropriate for the situation. As with all pyrotechnic carriers, contamination will be greater than that experienced with powders or liquids Purpose/Authorized Uses: Used in tactical situations to gain compliance Fiscal Impacts: $31.23 each; $312.30 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit
Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Tear Gas; CA Gov’t Code §7070(c)(14)
Description: Defense Technology Ferret 40mm CS Powder, Model # 2292 Quantity: 8; ideal inventory -25 Lifespan: 5 years
Capabilities: Designed to disperse non-flammable chemical agent creating temporary discomfort through pain compliance; used at a distance and launched from 40mm device Manufacturer’s Description: The Ferret® 40mm Round is a frangible projectile filled with chemical agent. It is designed to deliver chemical agents in barricade situations from a 40mm launcher. Spin stabilization from barrel rifling affords maximum stand-off distance and accuracy for safety. The Ferret® 40mm Round is non-burning and suitable for indoor use. Used primarily by tactical teams, it is designed to penetrate barriers, such as windows, hollow core doors, wallboard and thin plywood. Upon impacting the barrier, the nose cone rup tures and instantaneously delivers a small chemical payload inside of a structure or vehicle. In a tactical deployment situation, the Ferret® 40mm is primarily used to dislodge barricaded subjects from very small, confined areas.

Its purpose is to minimize the risks to all parties through pain compliance, temporary discomfort and/or incapacitation of potentially violent or dangerous subjects. The Ferret® 40mm Round is available with either liquid or powder carriers for the agent. Once delivered, powder carriers tend to keep the agent airborne longer than liquid carriers and may have more effect. Liquid carriers contain red dye to aid in shot placement. Shot placement and trajectory considerations should be based on hardness of the barrier. However, accuracy is dependent on the operator and the condition of the launcher. Velocity and barricade penetration results will vary between launchers, temperature conditioning and impact angle Purpose/Authorized Uses: Used in tactical situations to gain compliance Fiscal Impacts: $24.28 each; $607.00 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit
Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Tear Gas; CA Gov’t Code §7070(c)(14)
Description: Defense Technology OC Vapor Aerosol Grenade, Model # 1056 Quantity: 0; ideal inventory - 5 Lifespan: 5 years
Capabilities: Designed to disperse non -flammable, high concentration, OC chemical agent creating through a powerful mist. This causes temporary discomfort through pain compliance; intended for indoor use and requires minimal effort to decontaminate.

Manufacturer’s Description: The Defense Technology® OC Vapo r Aerosol Grenade is for law enforcement and corrections use to deliver a high concentration of Oleoresin Capsicum (OC) in a powerful mist. The grenade is designed for indoor use in confined areas and once deployed, inflames the mucous membranes and expose d skin resulting in an intense burning sensation. The incapacitating effect of the OC Vapor on the subject is dramatic yet requires minimal decontamination. Removing the subject from the affected area to fresh air will 568
resolve respiratory effects within minutes. The OC Vapor Aerosol Grenade is ideal for cell extractions or barricade situations where the use of pyrotechnic, powder or liquid devices is not practical or desired.

Purpose/Authorized Uses: Used in tactical situations to gain compliance Fiscal Impacts: $55.95 each; $279.75 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit
Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Tear Gas; CA Gov’t Code §7070(c)(14)
Description: Defense Technology OC Pocket Tactical Grenade, Model # 1019 Quantity: 0; ideal inventory - 5 Lifespan: 5 years
Capabilities: Designed to disperse non -flammable, high concentration, OC chemical agent created through a powerful mist. This causes temporary discomfort through pain compliance; intended for indoor use and requires minimal effort to decontaminate.

Manufacturer’s Description: The Pocket Tactical OC Grenade is a quick burning, reduced volume, continuous discharge grenade. Pelletized chemical agent is discharged through one (1) gas port located on the bottom of the canister. The Pocket Tactical Grenade is a small, lightweight, easily carried device that provides a medium volume of chemical agent or smoke for certain situations. It was designed with the tactical team in mind for distraction, concealment, rescue, or signaling. The pocket grenade is not sp ecifically intended as a crowd management device; however, it can be used in chemical configurations in conjunction with larger smoke canisters to “ piggyback” chemical agent into a predominately smoke environment. This device should be deployed utilizing wind advantage.

Purpose/Authorized Uses: Used in tactical situations to gain compliance.

Fiscal Impacts: $36.49 each; $182.45 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit
Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Projectile Launch Platform; CA Gov’t Code §7070(c)(14) Description: Combined Tactical Systems LC5 Chemical Agent Canister Launching Cup Quantity: 0; ideal inventory - 2 Lifespan: Use and round dependent Capabilities: Used to gain compliance; able to fire baffled smoke and CS munitions Manufacturer’s Description: The LC5 Launching Cups are designed for the 5200 series grenades. The cups can be attached to virtually any 12ga shotgun, and the munition launched with our model 2600 launching cartridge.

These can be fired from most 12ga smooth bore shotguns.

Purpose/Authorized Uses: Used in tactical situations to gain compliance Fiscal Impacts: $359.93 each; $719.86 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Projectile Munition; CA Gov’t Code §7070(c)(14) Description: Combined Tactical Systems 2600 – 12 Gauge Launching Cartridge Munition Quantity: 0; ideal inventory - 40 Lifespan: 5 years
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Capabilities: Used with 12-gauge shotgun in conjunction with CTS LC5 Launching Cup. Used in tactical situations to gain compliance.

Manufacturer’s Description: The Model 2600 Launching Cartridge is a shortened 12 Gauge cartridge designed to be manually loaded into the chamber for each shot and used in conjunction with the Model LC5 launching cup.

Purpose/Authorized Uses: Used in tactical situations to gain compliance.

Fiscal Impacts: $7.09 per round;/ $283.60 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques

Equipment Type: Tear Gas; CA Gov’t Code §7070(c)(14)
Description: Combined Tactical Systems CS Baffled Canister Grenade, Pyro Low Flame Potential, Model #5230B Quantity: 0; ideal inventory - 10 Lifespan: 5 years
Capabilities: Used in tactical situations to gain compliance.

Manufacturer’s Description: The 5230B CS Canister Baffled Grenade is a large diameter burning grenade that discharges a high volume of smoke and chemical agent through multiple emission ports. It expels its payload in approximately 20‐40 seconds. The payload is discharged through four emission ports. This launchable canister is 6.20 inch by 2.6 inch and holds approximately 25 gm of active agent.

Purpose/Authorized Uses: Used in tactical situations to gain compliance Fiscal Impacts: $50.48 each; $504.80 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit
Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Tear Gas; CA Gov’t Code §7070(c)(14)
Description: Combined Tactical Systems Smoke Baffled Canister Grenade, Pyro Low Flame Potential, Model #5210B
Quantity: 0; ideal inventory - 10 Lifespan: 5 years
Capabilities: Used in tactical situations for concealment and as a signaling device.

Manufacturer’s Description: The 5210 White Smoke Canister is a pyrotechnic smoke device used for concealment or as a signaling device. It expels its payload in approximately 20‐40 seconds. The payload is discharged through five emission ports. This launchable canister is 6.20 in ch by 2.60 in ch and holds approximately 460 gm of active smoke.

Purpose/Authorized Uses: Used in tactical situations for concealment and as a signaling device.

Fiscal Impacts: $55.94 each; $559.40 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit
Training Required: 40-hour POST Approved Chemical Agent Instructor School; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Projectile Launch Platform ; CA Gov’t Code §7070(c)(14) Description: Lewis Machine & Tool, Model 40 MTS; 40 MM Launcher Quantity: 10 Lifespan: Use and round dependent
Capabilities: Used to gain compliance; able to fire sponge rounds and chemical agent ferret rounds 570
Manufacturer’s Description: The 40LMTS is a tactical 40mm single shot launcher that features an expandable stock and an adjustable Integrated Front Grip (IFG) with a light rail. The Ambidextrous Lateral Sling Mount (LSM) and QD mounting systems allow both a single- and two-point sling attachment. The 40LMTS will fire standard 40mm Less Lethal ammunition, up to 4.8 inches in cartridge length. This weapon is NOT designed to fire 40mm High Velocity HE ammunitions. The Picatinny Rail Mounting System will accept a wide array of enhanced optics/sighting systems
Purpose/Authorized Uses: Used to gain compliance as less lethal control device and deliver chemical agents when necessary
Fiscal Impacts: $855.55 each; $8555.50 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: Agency authorized orientation course; annual refresher Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Projectile Launch Platform; CA Gov’t Code §7070(c)(14) Description: Defense Technology Model 1425 40 MM Launcher Quantity: 14 Lifespan: Use and round dependent
Capabilities: Used to gain compliance; able to fire sponge rounds and chemical agent ferret rounds Manufacturer’s Description: The 40LMTS is a tactical 40mm single shot launcher that features an expandable stock and an adjustable Integrated Front Grip (IFG) with a light rail. The Ambidextrous Lateral Sling Mount (LSM) and QD mounting systems allow both a single- and two-point sling attachment. The 40LMTS will fire standard 40mm Less Lethal ammunition, up to 4.8 inches in cartridge length. This weapon is NOT designed to fire 40mm High Velocity HE ammunitions. The Picatinny Rail Mounting System will accept a wide array of enhanc ed optics/sighting systems
Purpose/Authorized Uses: Used to gain compliance as less lethal control device and deliver chemical agents when necessary
Fiscal Impacts: $855.55 each; $11,977.70 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: Agency authorized orientation course; annual refresher Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Projectile Launch Platform; CA Gov’t Code §7070(c)(14) Description: Penn Arms PGL65-40 Multi-Launcher
Quantity: 1 Lifespan: Use and round dependent
Capabilities: Used to gain compliance; able to fire sponge rounds and chemical agent ferret rounds Manufacturer’s Description: PENN ARMS has set the standard for less -lethal launchers worldwide for over 20 years. Their patented designs are small, lightweight, and operationally versatile. Constructed out of the highest grade of materials to a high standard of quality, PENN ARMS is Dedicated To Your Mission® Purpose/Authorized Uses: Used to gain compliance as less lethal control device and deliver chemical agents when necessary
Fiscal Impacts: $3,300 inventory
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: Agency authorized orientation course; annual refresher Compliance Mechanisms: Department Policy – Control Devices and Techniques; Crisis Response Unit

Equipment Type: Projectile Munition; CA Gov’t Code §7070(c)(14) Description: Defense Technology 6325 40mm Smokeless Exact Impact Sponge Quantity: 150; ideal inventory - 450 Lifespan: 5 years
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Capabilities: launched from a 40mm launcher to gain compliance as less lethal control device Manufacturer’s Description: The 40mm eXact iMpact™ Sponge Round has evolved from the design of the 40mm XM1006 projectile, developed by the US Army Research Laboratory. This lightweight, high -speed projectile incorporates a plastic body and a foam (sponge) nose which is spin stabilized via the incorporated rifling collar and the 40mm launcher’s rifled barrel. The round utilizes smokeless powder as the propellant and has velocities that are extremely consistent. The 40mm eXact iMpact™ Sponge Round is a “point-of-aim, point-of-impact” direct fire round that is most commonly used by tactical teams in situations where maximum deliverable energy is desired for the incapacitation of an aggressive, non-compliant subject. In many municipalities, these are being selected for both tactical call outs and as an available option for patrol. The 40mm eXact iMpact™ Sponge Round is intended for direct fire deployment. The operator should be adequately trained in the use of Less Lethal Impact Munitions and have a thorough understanding of the round and considerations fo r selecting shot placement such as level of threat, target distance, size and clothing. The 40mm eXact iMpact™ Sponge Round will prove most successful for incapacitation when used within its optimal energy range of approximately 5 – 40 meters, although it may used in situations from 1.5 – 50 meters. The optimal zone offers the necessary energy and accuracy to target the large muscle groups of the buttocks, thigh, and even the knees of the subject. These areas provide sufficient pain stimulus, while greatly reducing serious or life -threatening injuries. The 40mm eXact iMpact™ Sponge Round can also be deployed in crowd control situations to protect the riot line, cover or enhance chemical munitions, or targeting specific agitators and organizers of the crowd. When used in this fashion, it is primarily both a psychological deterrent and physiological distraction serving as a pain compliance device to either get the crowd or subject moving or keeping them at a designated distance Purpose/Authorized Uses: Used to gain compliance and break windows on vehicle and structures Fiscal Impacts: $19.16 per round;/ $8,622.00 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: Agency authorized orientation course; annual refresher Compliance Mechanisms: Department Policy – Control Devices and Techniques

Equipment Type: Projectile Launch Platform; CA Gov’t Code §7070(c)(14) Description: PepperBall, Full Tactical Carbine (FTC) Launcher Quantity: 2 Lifespan: Round and use dependent
Capabilities: Launches small less lethal inert or chemical agent rounds to gain compliance Manufacturer’s Description: FTC is a high -capacity, semi -automatic launcher that is perfect for crowd management and mobile field force operations. Reliable and accurate, it features a hopper that can hold up to 180 rounds and a flexible air source configuration
Purpose/Authorized Uses: Less lethal control device used to gain compliance Fiscal Impacts: $360.00 each; $720.00 inventory
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: 16-hour PepperBall Instructor / Armorer Certification Course; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques

Equipment Type: Projectile Launch Platform; CA Gov’t Code §7070(c)(14) Description: Tippman, Model 68 Carbine projectile launcher Quantity: 4 Lifespan: Round and use dependent
Capabilities: Launches small less lethal inert or chemical agent rounds to gain compliance Manufacturer’s Description: Original maker bought by PepperBall Purpose/Authorized Uses: Less lethal control device used to gain compliance Fiscal Impacts: $499.50 each; $1,998.00 inventory
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques 572
Training Required: 16-hour PepperBall Instructor / Armorer Certification Course; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques

Equipment Type: Projectile Launch Platform; CA Gov’t Code §7070(c)(14) Description: Mission Less Lethal, M2100, MLR Full Auto Carbine Launcher Quantity: 2 Lifespan: Round and use dependent
Capabilities: Launches small less lethal inert or chemical agent rounds to gain compliance Manufacturer’s Description: Technical Specs
Item: PepperBall Launcher; Type: Full Auto Launcher; Approx. No. of Shots: 200; Overall Height: (In.) 21 in; Container Size: 135.2 oz.; Spray Line Length (Ft.) 60 to 160; Color: Black/Orange Purpose/Authorized Uses: Less lethal control device used to gain compliance Fiscal Impacts: $599.20 each; $1,198.40 inventory
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: 16-hour PepperBall Instructor / Armorer Certification Course; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques

Equipment Type: Projectile Munition; CA Gov’t Code §7070(c)(14) Description: Mission Less Lethal M1120500 Pepper Projectiles (OC2 (1% OC and 4% PAVA) Quantity: Discontinued; 4,000 inventory Lifespan: 3 years Capabilities: able to be launched and used to gain compliance through chemical agent irritation Manufacturer’s Description: Mission Less Lethal is a supplier of less-lethal pepper round launchers for nearly 20 years. our products are widely used by thousands of Federal, State, Local, International police, military, and private security agencies.

Purpose/Authorized Uses: Less lethal control munition used to gain compliance Fiscal Impacts: $1.33 per round; $5,320.00 inventory
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: 16-hour PepperBall Instructor / Armorer Certification Course; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques

Equipment Type: Projectile Munition; CA Gov’t Code §7070(c)(14) Description: PepperBall LiveX Projectiles (5% PAVA)
Quantity: 2,200; 2,200 ideal inventory Lifespan: 3 years Capabilities: able to be launched and used to gain compliance through chemical agent irritation Manufacturer’s Description: Our most potent and powerful concentration of PAVA pepper powder. At 5% PAVA, a LIVE-X™ round contains double the amount of PAVA chemical agent of a regular PepperBall ® LIVE SD™ round.

PAVA is based on one of the hottest of the six capsaicinoids found in pepper plants. PepperBall products contain only safe, pure, non -oil-based PAVA and are non-flammable. Ingredient consistency ensures each projectile operates with quality and effectiveness
Purpose/Authorized Uses: Less lethal control munition used to gain compliance Fiscal Impacts: $2.14 per round; $4,708.00 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: 16-hour PepperBall Instructor / Armorer Certification Course; Agency authorized orientation course; annual refresher
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Compliance Mechanisms: Department Policy – Control Devices and Techniques

Equipment Type: Projectile Munition; CA Gov’t Code §7070(c)(14) Description: PepperBall Live Projectiles (2% PAVA)
Quantity: Discontinued; 1,275 inventory Lifespan: 3 years Capabilities: Able to be launched and used to gain compliance through chemical agent irritation Manufacturer’s Description: The live PepperBall® round contains 2.0% PAVA. It is effective for direct impact and area saturation when there is no line of sight. PAVA is based on one of the hottest of the six capsaicinoids found in pepper plants. PepperBall products contain only safe, pure, n on-oil-based PAVA and are non -flammable.

Ingredient consistency ensures each projectile operates with quality and effectiveness.

Purpose/Authorized Uses: Less lethal control munition used to gain compliance Fiscal Impacts: $1.63 per round; $2,078.25 inventory
Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: 16-hour PepperBall Instructor / Armorer Certification Course; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques

Equipment Type: Projectile Munition; CA Gov’t Code §7070(c)(14) Description: PepperBall Inert Projectiles (No irritant) Quantity: 1,500; ideal inventory - 1,500 Lifespan: 3 years Capabilities: Able to be launched and used to gain compliance through pain of impact Manufacturer’s Description: Containing a harmless, scented powder, this projectile is best suited for practice or direct impact when chemical exposure is not desired
Purpose/Authorized Uses: Less lethal control munition used to gain compliance Fiscal Impacts: $0.74 per round; $1,110.00 to maintain ideal inventory Legal/Procedural Rules Governing Use: All applicable State, Federal and Local laws governing police use of force; Department Policy – Use of Force; Crisis Response Unit; Control Devices and Techniques Training Required: 16-hour PepperBall Instructor / Armorer Certification Course; Agency authorized orientation course; annual refresher
Compliance Mechanisms: Department Policy – Control Devices and Techniques

Equipment Type: Specialty Impact Munition (SIM) Weapon; CA Gov’t Code §7070(c)(14) Description: Glock 17 – 9mm – SIMUNTION PISTOL
Quantity: 7 Lifespan: Use and round dependent
Capabilities: Provides realistic training by actual weight/ look of real pistol using non-lethal munitions Manufacturer’s Description: N/A
Purpose/Authorized Uses: Training scenarios
Fiscal Impacts: $0; converted old pistols
Legal/Procedural Rules Governing Use: Department Policy - Training Training Required: 24-hour Simunition FX Scenario Instructor and Safety Certification Course for Instructors and Facilitators; Agency authorized orientation course; annual refresher Compliance Mechanisms: Department Policy - Training

Equipment Type: Specialty Impact Munition (SIM) Weapon; CA Gov’t Code §7070(c)(14) Description: Glock 22; .40 Caliber SIMUNTION PISTOL
Quantity: 3 Lifespan: Use and round dependent
Capabilities: Provides realistic training by actual weight/look of real pistol using non-lethal munitions Manufacturer’s Description: N/A
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Purpose/Authorized Uses: Training scenarios
Fiscal Impacts: $0; converted old pistols
Legal/Procedural Rules Governing Use: Department Policy - Training Training Required: 24-hour Simunition FX Scenario Instructor and Safety Certification Course for Instructors and Facilitators; Agency authorized orientation course; annual refresher Compliance Mechanisms: Department Policy - Training

Equipment Type: Specialty Impact Munition (SIM) Weapon; CA Gov’t Code §7070(c)(14) Description: Force on Force M4/M16 Conversion Bolt Kit
Quantity: 20 Lifespan: Use and round dependent
Capabilities: Provides realistic training by allowing operator to use their actual rifle with a bolt that is used for non-lethal munitions.

Manufacturer’s Description:
• Designed to fire Force on Force 5.56mm marker rounds
• Doesn’t interfere with on-gun accessories
• Prevents firing of lethal ammunition
Purpose/Authorized Uses: Training scenarios
Fiscal Impacts: $329.99 each; $6,599.80 inventory
Legal/Procedural Rules Governing Use: Department Policy – Training; Crisis Response Unit Training Required: 24-hour Simunition FX Scenario Instructor and Safety Certification Course for Instructors and Facilitators; Agency authorized orientation course; annual refresher Compliance Mechanisms: Department Policy - Training

Equipment Type: Specialty Impact Munition (SIM) Weapon; CA Gov’t Code §7070(c)(14) Description: Simunition FX Original Marking Cartridge – 9mm Quantity: 500 Lifespan: 3 years
Capabilities: Used in SIM weapons to provide realistic training Manufacturer’s Description: The FX® marking cartridges, which come in six colors, are at the core of the FX® Training System known as "the world's most realistic close -range combat training system". The patented, reduced-energy, non -lethal cartridges leave a detergent -based, water -soluble color -marking compound. The visible impacts allow accurate assessment of simulated lethality. The cartridges are available in .38 cal. and 9mm and feature tactical accuracy up to 25 feet (7.6 meters). The 5.56mm is tactically accurate with ball cartridges to 100 feet (30 meters). No special ballistic facilities are required. They meet the need for a force -on-force and person-to-person training system that is realistic, effective, inexpensive, adaptable and fully portable Purpose/Authorized Uses: Training scenarios
Fiscal Impacts: $0.51 each; $253 / case of 500
Legal/Procedural Rules Governing Use: Department Policy – Training; Crisis Response Unit Training Required: 24-hour Simunition FX Scenario Instructor and Safety Certification Course for Instructors and Facilitators; Agency authorized orientation course; annual refresher Compliance Mechanisms: Department Policy - Training

Equipment Type: Specialty Impact Munition (SIM) Weapon; CA Gov’t Code §7070(c)(14) Description: Simunition FX Original Marking Cartridge – .223 Quantity: 3,500 Lifespan: 3 years
Capabilities: Used in SIM weapons to provide realistic training Manufacturer’s Description: The FX® marking cartridges, which come in six colors, are at the core of the FX® Training System known as "the world's most realistic close -range combat training system". The patented, reduced-energy, non -lethal cartridges leave a detergent -based, water -soluble color -marking compound. The visible impacts allow accurate assessment of simulated lethality. The cartridges are available in .38 cal. and 9mm and feature tactical accuracy up to 25 feet (7.6 meters). The 5.56mm is tactically accurate with ball cartridges to 575
100 feet (30 meters). No special ballistic facilities are required. They meet the need for a force -on-force and person-to-person training system that is realistic, effective, inexpensive, adaptable and fully portable Purpose/Authorized Uses: Training scenarios
Fiscal Impacts: $0.51 each; $253 / case of 500 (Total - $1,771.00) Legal/Procedural Rules Governing Use: Department Policy – Training; Crisis Response Unit Training Required: 24-hour Simunition FX Scenario Instructor and Safety Certification Course for Instructors and Facilitators; Agency authorized orientation course; annual refresher Compliance Mechanisms: Department Policy - Training

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DEDICATED TO SERVICE

SUPPORT SERVICES DIVISION

2026 ANNUAL MILITARY EQUIPMENT REPORT
The Orange Police Department’s Military Equipment Policy No. 706 requires the Police Department to present an annual report to the City Council. The annual report, as mandated by Government Code sections 7071 & 7072, requires the Police Department to present the following:

1. Summary of Use
A summary of how the military equipment was used and the purpose of its use. • The Annual Report (Attachment A) lists a summary of the purpose and use of military equipment by the Orange Police Department.

2. Complaints and Concerns
A summary of any complaints or concerns received concerning the military equipment. • None.

3. Internal Audits
The results of any internal audits, any information about violations of the military equipment use policy, and any actions taken in response.
• The results of the internal audits are documented in the Military Equipment Policy, which includes updated quantities for military equipment.
• There have been no violations of the military equipment use policy.

4. Annual Costs
The total annual cost for each type of military equipment, including acquisition, personnel, training, transportation, maintenance, storage, upgrades, and other ongoing costs, and from what source funds will be provided for the military equipment in the calendar year following submission of the annual military equipment report.
• The Military Equipment Policy document includes costs for equipment with applicable expenses.

5. Quantity and Type of Equipment
The quantity possessed for each type of military equipment. • The quantity and description of each item is documented in the Military Equipment Policy.

6. Future Acquisition
If the law enforcement agency intends to acquire additional military equipment in the next year, the quantity sought for each type of military equipment.
• The Orange Police Department is looking to purchase six new equipment items. o Two items involve the chemical agent, OC. The department already uses OC, and this item merely provides another method of delivery. We are looking to purchase five (5) Defense Technology OC Vapor Aerosol Grenades (Model #1056) and f ive (5) Defense Technology Pocket Tactical OC Grenades (Model #1019).
o One item involves the chemical agent, CS. The department already uses CS, and this item merely provides another method of delivery. We are looking to purchase ten (10) Combined Tactical Systems CS Baffled Canister Grenades (Model #5230B) Attachment 4
577
o One item involves smoke. It is used for officer safety to conceal or signal officers during tactical situations. We are looking to purchase ten (10) Combined Tactical Systems Smoke Baffled Canister Grenades (Model #5210B).
o The remaining two items are launching cups and launching cartridge munitions and required to use the above CS Grenade and Smoke Grenade. We are looking to purchase two (2) Combined Tactical Systems chemical agent launching cups and forty (40) Combined Tactical Systems 12- gauge launching cartridge munitions.

• The replenishment of military equipment may become necessary if current inventories are used or become expired throughout the next year. Current purchasing protocols will be followed if these purchases become necessary.

• If circumstances arise that require or necessitate the Orange Police Department to acquire new military equipment, the appropriate purchasing protocols will be followed, depending on the price and/or type of equipment.

578
Agenda Item
Orange City Council
Item #: 3.17. 5/12/2026 File #: 26-0177
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Approval of the Landscape Maintenance Districts 86-2 (Santiago Hills) and 15-1 (Santiago Hills Overlay) Preliminary Engineer’s Report for Fiscal Year 2026-2027

2. SUMMARY
The City declares its intention to assess an annual levy, approve the Preliminary Engineer’sReport, and set a public hearing. The total assessments to be levied from Landscape Maintenance Assessment Districts 86-2 (Santiago Hills) and Landscape Maintenance Assessment District 15-1 (Santiago Hills Overlay) for Fiscal Year 2026-2027 are $533,651 and $401,663, respectively.

Assessment for the Santiago Hills Overlay includes staff recommendation of an annual adjustment of

3.0% based on the Consumer Price Index for the Los Angeles-Long Beach-Anaheim area.

3. RECOMMENDED ACTION

1. Adopt Resolution No. 11677. A Resolution of the City Council of the City of Orange regarding Landscape Maintenance Assessment Districts 86-2 (Santiago Hills), and 15-1 (Santiago Hills Overlay) declaring its intention to provide for an annual levy and collection of assessments for Fiscal Year 2026-2027; set a time and place for a public hearing to receive public testimony on the foregoing matters; and give preliminary approval of the certified Engineer’s Report for Landscape Maintenance Assessment Districts 86-2 (Santiago Hills) and 15-1 (Santiago Hills Overlay).

2. Declare the intent to levy an annual assessment, and establish June 9, 2026, at 6:00 p.m. in the Council Chamber, 300 E Chapman Avenue, Orange, CA 92866, as the time and place for the Public Hearing on the assessments.

4. FISCAL IMPACT
There is no direct fiscal impact to the City. The approval of the annual assessment for Fiscal Year 2026-2027 will generate $958,221 with a proposed expenditure of $1,080,468 in the Santiago Hills Landscape Maintenance District (291) Fund and will be included in the FY 2026-2027 Budget Adoption.
291-0000-40330 Assessment 86-2 $533,651
291-0000-40330 Assessment 15-1 $401,663
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Item #: 3.17. 5/12/2026 File #: 26-0177
291-5902-48001 Reimbursement $ 22,907
Total $958,221

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology

6. DISCUSSION AND BACKGROUND
In 1987, Landscape Maintenance District 86-2 (LMD 86-2) was established to maintain the landscape improvements constructed by Assessment District 86-1 (District) in Santiago Hills. Annually, a detailed accounting of expenses is compiled, and a new assessment is calculated for the benefiting property owners.

This year’sassessment for a single-family detached unit is $369.44 and $221.66 for condos. This is the same as last year and the largest assessment currently allowed. Revenue in the District is derived from assessments paid by property owners, both residential and commercial, as well as the Rancho Santiago Community College District who reimburses the District for the cost to maintain the parkways adjacent to the school.

On April 14, 2015, the City Council approved the formation of a new district (LMD 15-1) to exactly overlay the existing LMD 86-2 and to provide additional funding necessary to sustain standard landscape maintenance and continue capital improvement projects. The annual assessment for LMD 15-1 was approved by the property owners on June 9, 2015.

The proposed Fiscal Year 2026-2027 (FY27) budget for the combined LMD 86-2 and LMD 15-1 indicates the amount of funding required to maintain District landscape and provides a capital budget to replace aging landscaping and infrastructure over time. Additional revenues to fund the District may be obtained through the overlay district, LMD 15-1, and a separate agreement with Rancho Santiago Community College District. The existing LMD 86-2 will stay at the maximum assessment; however, the assessment for LMD 15-1 is permitted to increase annually, up to 3.0%, consistent with Consumer Price Index (CPI) increases for the Los Angeles-Long Beach-Anaheim area. Public Works Department staff recommend assessing the CPI adjustment of 3.0% to continue capital renovations of the aging landscape. The assessment for 15-1 for a single-family detached unit will increase by $8.38 from $279.30 to $287.68. The assessment for 15-1 condominiums will increase by $5.94 from $198.31 to $204.25.

The maximum FY27 assessment total for LMD 86-2 is $533,651. The maximum FY27 assessment total for LMD 15-1 is $401,663, which includes the 3.0% CPI adjustment. Revenues of $22,907 from Rancho Santiago Community College District are included in the assessment total as a reimbursement for landscape maintenance costs paid by LMD 86-2 and LMD 15-1. This totals $958,221 in revenue.

Expenditures in FY27 are anticipated to be approximately $1,080,468. The projected year-end reserve fund balance is $1,412,130. Reserve funds will be used to supplement any deficit in FY27 expenditures.

The attached Preliminary Engineer’sReports contains detailed information about the assessment. It is proposed to schedule the Public Hearing on June 9, 2026 at 6:00 p.m., at the Orange City Hall Council Chamber, 300 E Chapman Avenue, Orange, CA 92866.

7. ATTACHMENTS
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Item #: 3.17. 5/12/2026 File #: 26-0177
· Resolution No. 11677
· Preliminary Engineer’s Report for the Annual Levy Assessment Landscape Maintenance District No. 86-2 Fiscal Year 2026-2027
· Preliminary Engineer’s Report for the Annual Levy Assessment Landscape Maintenance District No. 15-1 Fiscal Year 2026-2027
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581
Agenda Item
Orange City Council
Item #: 3.17. 5/12/2026 File #: 26-0177
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Approval of the Landscape Maintenance Districts 86-2 (Santiago Hills) and 15-1 (Santiago Hills Overlay) Preliminary Engineer’s Report for Fiscal Year 2026-2027

Assessment for the Santiago Hills Overlay includes staff recommendation of an annual adjustment of

3.0% based on the Consumer Price Index for the Los Angeles-Long Beach-Anaheim area.

3. RECOMMENDED ACTION

4. FISCAL IMPACT
There is no direct fiscal impact to the City. The approval of the annual assessment for Fiscal Year 2026-2027 will generate $958,221 with a proposed expenditure of $1,080,468 in the Santiago Hills Landscape Maintenance District (291) Fund and will be included in the FY 2026-2027 Budget Adoption.
291-0000-40330 Assessment 86-2 $533,651
291-0000-40330 Assessment 15-1 $401,663
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Item #: 3.17. 5/12/2026 File #: 26-0177
291-5902-48001 Reimbursement $ 22,907
Total $958,221

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology

7. ATTACHMENTS
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Item #: 3.17. 5/12/2026 File #: 26-0177
· Resolution No. 11677
· Preliminary Engineer’s Report for the Annual Levy Assessment Landscape Maintenance District No. 86-2 Fiscal Year 2026-2027
· Preliminary Engineer’s Report for the Annual Levy Assessment Landscape Maintenance District No. 15-1 Fiscal Year 2026-2027
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RESOLUTION NO. 11677

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF ORANGE REGARDING LANDSCAPE
MAINTENANCE ASSESSMENT DISTRICTS 86 -2
(SANTIAGO HILLS) & 15 -1 (SANTIAGO HILLS

OVERLAY) DECLARING ITS INTENTION TO

PROVIDE FOR AN ANNUAL LEVY AND

COLLECTION OF ASSESSMENTS FOR FISCAL
YEAR 2026-2027; SET A TIME AND PLACE FOR A

PUBLIC HEARING TO RECEIVE PUBLIC
TESTIMONY ON THE FOREGOING MATTERS;

AND GIVE PRELIMINARY APPROVAL OF THE
CERTIFIED ENGINEER’S REPORT FOR

LANDSCAPE MAINTENANCE ASSESSMENT
DISTRICTS 86 -2 (SANTIAGO HILLS) & 15 -1
(SANTIAGO HILLS OVERLAY)

WHEREAS, the City Council of the City of Orange previously formed City of Orange Landscape Maintenance Districts No. 86 -2 & 15 -1 (hereinafter “Maintenance Districts”) and desires to initiate proceedings for the levy of annual increased assessments in connection with the Maintenance Districts, pursuant to the provisions of the Landscaping and Lighting Act of 1972, Part 2 of Division 15 of the Streets and Highways Code of California, beginning with Section 22500 (hereinafter the “Act”), Government Code Sectio n 53753 and the provisions of the article 13D of the California Constitution (hereinafter “Article 13D”) and such constitutional provisions and statutes are referred to collectively as the “Applicable Law”; and

WHEREAS, there has now been presented to the City Council the Certified Engineer’s Reports (hereinafter “Report”) as required by the Applicable Law that describes the proposed annual levy of assessments for each parcel for fiscal year 2026-2027 and the proposed changes to the Maintenance Districts or improvements; and

WHEREAS, the City Council has carefully examined and reviewed the Reports and is satisfied with each and all of the items and documents set forth therein and has made a preliminary determination that the assessments on each parcel have been proportioned in accordance with the benefits received by each parcel and that such assessments do not exceed the estimated reasonable cost of providing the service; and

WHEREAS, at this time the City Council determines to commence proceedings to provide for the annual levy of assessments for fiscal year 2026 -2027 to pay for the costs and expenses necessary for the maintenance of the improvements in the Maintenance Districts.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange as follows:

585
2 SECTION I:

That the above recitals are all true and correct.

SECTION II:

That the public interest and convenience require the undertaking of proceedings for the annual levy and collection of assessments to pay the costs and expenses for the maintenance of the improvements within the Maintenance Districts, which in general include: the maintenance, repair, removal or replacement of any of the landscaping improvements, including walkways, signage, irrigation, trimming, spraying, fertilizing, etc., and as such maintenance is more particular described in the Report on file with the City Clerk (hereinafter “maintenance of improvements”).

SECTION III:

That the maintenance of improvements are of direct benefit to the properties within the boundaries of the Maintenance Districts, which the City Council previously declared to be the area benefited and which area is more particularly described in the bound ary map open for public inspection and on file with the City Clerk bearing the designation of the Maintenance District.

SECTION IV:

That the Reports are preliminarily approved and ordered to be on file with the City Clerk and open for public inspection. The Report contains a full and detailed description of the existing works of improvement, the boundaries of the Maintenance District and any zones therein, and the proposed assessments upon parcels within the Maintenance District.

SECTION V:

The City shall give notice of the time and place of the public hearing to all property owners of record within the Maintenance District subject to a levy of assessment.

SECTION VI:

Notice is hereby given that Tuesday, June 9th, 2026, at 6:00 p.m. at City Hall, 300 E.

Chapman Avenue, Orange, CA 92866, is the time and place fixed by the City Council for hearing protests or objections in reference to the proposed annual levy of assessments for the Maintenance District in accordance with Government Code Section 53753 and Article 13D and to any other matters contained in this Resolution. Any persons who wish to object to the proceedings or the annual levy should file a written protest wit h the City Clerk prior to the time set for the public hearings.

SECTION VII:

For any and all information relating to these proceedings, including information relating to protest procedure, your attention is directed to the person designated below:
586
3 Tawnie Schraan, Senior Civil Engineer
City of Orange Public Works Department
P.O. Box 449 - 300 East Chapman Avenue
Orange, California 92866-0449
(714) 744-5528

ADOPTED this ____ day of ____________________, 2026

Daniel R. Slater, Mayor, City of Orange

ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney,
City of Orange

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.

CITY OF ORANGE )

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange
587
Engineer’s Report
City of Orange
Landscape Maintenance District No. 86-2
1 CITY OF ORANGE
PRELIMINARY ENGINEER’S REPORT

FOR THE ANNUAL LEVY

ASSESSMENT LANDSCAPE MAINTENANCE
DISTRICT NO. 86-2
FISCAL YEAR 2026-2027

LANDSCAPE MAINTENANCE DISTRICT NO. 86-2

SANTIAGO HILLS

Intent Meeting: May 12, 202 6
Public Hearing: June 9, 202 6

LMD 86-2 Preliminary ER FY 2026-27
588
589
3 Engineer’s Report
City of Orange
Landscape Maintenance District No. 86-2

TABLE OF CONTENTS
AFFIDAVIT FOR THE ENGINEER’S REPORT ........................................................ 2 INTRODUCTION ........................................................................................................... 4 PART I — PLANS AND SPECIFICATIONS ................................................................. 6 A. Description of the District .................................................................................................... 6 B. Improvements and Services .................................................................................................. 6 PART II — METHOD OF APPORTIONMENT ......................................................... 10 A. General .................................................................................................................................. 10 B. Benefit Analysis .................................................................................................................... 10 C. Assessment Methodology ................................................................................................... 12 PART III — DISTRICT BUDGET ................................................................................ 14 PART IV — DISTRICT DIAGRAMS ............................................................................. 16 PART V — ASSESSMENT ROLL .................................................................................. 18

590
4 Engineer’s Report
City of Orange
Landscape Maintenance District No. 86-2

INTRODUCTION
Pursuant to the provisions of the Landscaping and Lighting Act of 1972, being Part 2 o f Division 15 of the California Streets and Highways Code, commencing with Section 22500 (hereafter referred to as the “1972 Act”), and in compliance with the substantive and p rocedural requirements of the California State Constitution Articles XIIIC and XIIID (hereafter referred to as the “California Constitut ion”) , the City Council of the City of Orange, County of Orange, St ate of California (hereafter referred to as “City”), in connection with the annual levy and col lection of assessments of the special benefit assessment district designated as:

Landscape Maintenance District No. 86-2
(hereafter referred to as the “District”), which in cludes all lots and parcels of land that specially benefit from the improvements within the District. This Engineer’s Report (hereafter referred to as “Report”) has been prepared in connection with the annual levy and collections of assessments for said District pursuant to Chapter 1, Article 4 of the 1972 Act.

The City Council proposes to levy and collect annua l assessments on the County tax rolls to provide ongoing funding for the costs and expenses required to service and maintain the landscaping improvements originally installed in connection wit h the development of properties within the District. The improvements to be provided by the Di strict and the assessments described herein are made pursuant to the 1972 Act.

This Report describes the District, the improvement s, and the proposed assessments to be levied in Fiscal Year 2026-2027 against properties in connect ion with the special benefits the properties will receive from the maintenance and servicing of the D istrict improvements. The annual assessments to be levied on properties within the District will provide a funding source for the continued operation and maintenance of local landscaping impr ovements installed in connection with the development of properties within the District. The assessments described in this Report are based on an estimate of the direct expenditures, incident al expenses, and fund balances that will be necessary to maintain and service the improvements.

The word “parcel,” for the purposes of this Report, refers to an individual property assigned its own Assessor’s Parcel Number (APN) by the Orange County Assessor’s Office. The Orange County Auditor/Controller uses Assessor’s Parcel Numbers a nd specific Fund Numbers to identify properties to be assessed on the tax roll for the special benefit assessments.

This Report has been prepared and presented to the City Council to address any proposed changes to the District or improvements, if any, and the pr oposed budget and assessments for Fiscal Year 2026-2027. The City Council will conduct a noticed public hearing to consider public testimonies, comments and written protests regarding the levy an d collection of assessments for Fiscal Year 2026-2027. Upon conclusion of the public hearing, i f majority protest does not exist the City Council may approve this Report (as submitted or am ended) and levy the assessments for Fiscal Year 2026-2027. In such case, the assessments for f iscal year 2026-2027 shall be submitted to the Orange County Auditor/Controller for inclusion on t he property tax roll for each parcel. If the proposed annual assessments for this District excee d the maximum assessment described herein (as approved by the property owners), the new or increa sed assessment must be confirmed through another property owner protest ballot proceeding before such an assessment may be imposed.

This Report consists of five (5) parts:
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Part I
Plans and Specifications: A description of the District boundaries and the im provements associated with the District. The District is being formed as a single benefit zone encompassing all properties within the territory identified as Landscape and Maintenance District No 86-2.

Part II
The Method of Apportionment: A discussion of benefits the improvements and servi ces provide to properties within the District and the method of calculating each property’s proportional special benefit and annual assessment.

Part III
The District Budget: An estimate of the annual costs to operate, maintai n and service the landscaping and appurtenant facilities installed an d constructed as part of the development of properties within the District. This budget include s an estimate of anticipated direct maintenance costs and incidental expenses. The special benefit assessments are based on the overall operation costs minus any costs that are considered general b enefit. The proposed assessments for Fiscal Year 2026-2027, and each subsequent year shall be based on the estimated net annual cost of operating, maintaining and servicing the improvements for that fiscal year as well as funds to be collected in installments to perform maintenance activities that cannot be reasonably collected in a single fiscal year’s assessments.

Part IV
District Diagram: A Diagram showing the exterior boundaries of the Di strict is provided in this Report and includes all parcels that will receive special benefits from the improvements. Reference is hereby made to the Orange County Assessor’s Parcel Maps for a detailed description of the lines and dimensions of each lot and parcel of land within the District.

Part V
Assessment Roll: A listing of the proposed assessment amounts to be levied on Assessor’s Parcel within the District for Fiscal Year 2026-2027. The proposed assessment amount for each parcel is based on the parcel’s proportional special benefit as outlined in the method of apportionment. 592
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PART I — PLANS AND SPECIFICATIONS
A. Description of the District
The assessment district boundary is shown on a map entitled Assessment Diagram, Landscape Maintenance District No. 86-2, City of Orange, whic h is on file with the City Clerk of the City of Orange. A reduced scale copy of the Diagram can be found in Part IV of this document.

B. Improvements and Services

Improvements and Services Permitted Pursuant to the 1972 Act As generally defined by the Landscaping and Lighting Act of 1972 and applicable to this District, the improvements and associated assessments may include one or more of the following:
1) The installation or planting of landscaping;
2) The installation or construction of statuary, fountains, and other ornamental structures and facilities;
3) The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof; 4) The installation of park or recreational improvements, including, but not limited to, all of the following:
a) Land preparation, such as grading, leveling, cutting and filling, sod, landscaping, irrigation systems, sidewalks, and drainage.
b) Lights, playground equipment, play courts, and public restrooms. 5) The maintenance or servicing, of any of the foregoi ng including the furnishing of services and materials for the ordinary and usual maintenance, o peration, and servicing of any improvement including but not limited to:
a) Repair, removal, or replacement of all or any part of any improvements; b) Grading, clearing, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities; c) Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, or treating for disease or injury; d) The removal of trimmings, rubbish, debris, and other solid waste; e) The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti;
f) Electric current or energy, gas, or other illuminating agent for any public lighting facilities or for the lighting or operation of any other improvements; g) Water for the irrigation of any landscaping, the operation of any fountains, or the maintenance of any other improvements.
6) Incidental expenses associated with the improvements including, but not limited to:
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a) The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment;
b) Compensation payable to the County for collection of assessments; c) Compensation of any engineer or attorney employed to render services; d) Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements;

Description of Planned Improvements
The landscape improvements are generally described as follows:
a) Parkway and Recreation Areas:
• Newport Boulevard - approximately 18-foot wide zone (including the width of the sidewalk) from the back of the curb to the property line, and corner cutoffs at intersections, on the east side from Chapman Avenue to 312 feet south of the centerline of Skylark Place.
• Chapman Avenue - approximately 18-foot wide zone (i ncluding the width of the sidewalk) from the back of the curb to the property line, and corner cutoffs at intersections, on south side from Newport Boulevard to Jamboree Road. • Canyon View Avenue - approximately 30-foot wide zon es (including the width of the sidewalk) from the back of the curb to the property line, and corner cutoffs at intersections, on both sides from Newport Boulevard to Jamboree Road. • White Oak Ridge – approximately 17-foot wide zones (including the width of the sidewalk) from the back of the curb to the property line, and corner cutoffs at intersections, on both sides from Newport Boulevard to Canyon View Avenue. • Trails End Lane - approximately 17-foot wide zone o n the west side and approximately 28- to 32-foot wide zone on the east side (includin g the width of the sidewalks), both zones from the back of the curb to the property lin e, and corner cutoffs at intersections, from White Oak Ridge to Chapman Avenue.
• Handy Creek Corridor - from the intersection of Cha pman Avenue and Newport Boulevard to White Oak Ridge and from White Oak Rid ge to the intersection of Canyon View Avenue and Handy Creek Road (Lot 20, a portion of Lot 11, and Lot D of Tract No. 12417) including concrete walkways which also serve as emergency access ways. • Paseo - approximately 50-foot wide zone from the Pa rk to White Oak Ridge and from White Oak Ridge to Old Camp Road (Lots A and B of T ract No. 12417) and approximately 35-foot wide zone from the Paseo to W hite Oak Ridge (Lot C of Tract No. 12417) including surface and subsurface drainag e facilities and concrete walkways which also serve as emergency access ways.
• Handy Creek Road - approximately 10-foot wide zone (including the width of the sidewalks) on south side from the back of the curb to the property line form the end of Handy Creek Corridor (Lot D, Tract No. 12417) near Canyon View Avenue to the northerly terminus of the street.
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• Fort Road - approximately 17-foot wide zones (inclu ding the width of the sidewalks) from the back of the curb to the property line on s outh side from White Oak Ridge to Jamboree Road.
• Santiago Canyon Road - approximately 18-foot wide z one (including the width of the sidewalk) from back of curb to back of sidewalk on north and south sides from Newport Boulevard to Jamboree Road.
• Old Camp Road - approximately 4-foot wide zones fro m back of curb to property line on both sides from Canyon View Avenue to the northerly terminus of the street. • Skylark Place - approximately 18-foot wide zones (i ncluding the width of the sidewalk) from back of the curb to the property line on both sides from White Oak Ridge to Newport Boulevard.
• Jamboree Road - variable width zone (including the width of the bike trail-sidewalk) from the back of the curb to the property line on t he west side from Canyon View Avenue to Chapman Avenue.
• Additional Areas - areas adjacent to the 18-foot wi de zones along Skylark Place, Chapman Avenue, and Jamboree Road have been dedicat ed to the City with tracts 12672,12741,12711,15398 and PM 92-195. Such areas h ave been landscaped by the developers and the sprinkler systems tied into the District's. b) Medians
• Chapman Avenue - 14-foot wide median from Newport Boulevard to Jamboree Road. • White Oak Ridge - 14-foot wide medians at Newport B oulevard and Canyon View Avenue.
• Trails End Lane - 14-foot wide median from White Oak Ridge to Chapman Avenue. • Jamboree Road - 24-foot wide median from southerly City limits to Santiago Canyon Road.
• Santiago Canyon Road - Variable width from Newport Boulevard to Jamboree Road. • Newport Boulevard - 22-foot wide median from Chapma n Avenue to Santiago Canyon Road.
c) The following items are excluded from the Maintenance District:
• The 8 +/- acre Santiago Hills Park is excluded from this Landscape Maintenance District. • Sidewalks along all Maintenance District streets ar e excluded from this Landscape Maintenance District.
• The equestrian trail along Canyon View Avenue is ex cluded from this Landscape Maintenance District.
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d) Maintenance shall include, but not be limited to:
• repair, removal, replacement or installation of all or any part of any included improvement such as storm drains and pedestrian walkways in the paseos; • providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, and treating for disease or injury; and • the removal of trimmings, rubbish, debris, and other solid waste.

The maintenance of the District improvements genera lly include, but are not limited to all materials, equipment, utilities, labor and incidental expenses including administrative expenses for annual operation of the District as well as the performance of occasional repairs, replacement and expanded maintenance activities associated with those improv ements. Detailed maps and descriptions of the location and extent of the improvements to be maint ained by the District are on file at the City and by reference are made part of this Report.

The estimated annual cost to provide and maintain t he improvements within the District shall be allocated to each property in proportion to the spe cial benefits received. The Method of Apportionment described in this Report utilizes commonly accepted assessment engineering practices and has been established pursuant to the 1972 Act and the provisions of the California Constitution. 596
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10 PART II — METHOD OF APPORTIONMENT
A. General
The 1972 Act permits the establishment of assessmen t districts by agencies for the purpose of providing certain public improvements, which include the construction, maintenance, and servicing of public landscaping and appurtenant facilities. The 1972 Act further requires that the cost of these improvements be levied according to benefit rather than assessed value:

“The net amount to be assessed upon lands within an assessment district may be apportioned by any formu la or method which fairly distributes the net amount among all assessable lots or parcels in proportion to th e estimated benefits to be received by each such lot or parcel from the improvements.”

The method of apportionment described in this Repor t for allocation of special benefit assessments utilizes commonly accepted engineering practices and have been established pursuant to the 1972 Act and the provisions of the California Constitution. The formula used for calculating assessments in this District reflect the composition of the parcels, and the improvements and services provided, to fairly apportion the costs based on benefit to each parcel.

B. Benefit Analysis
Each of the proposed improvements, the associated c osts and assessments have been carefully reviewed, identified and allocated based on special benefit pursuant to the provisions of the California Constitution and 1972 Act. The improvements provided by this District and for which properties will be assessed have been identified as necessary, required and/or desired for the orderly development of the residential properties within the District to t heir full potential. As such, the ongoing operation , servicing and maintenance of these improvements would be the financial obligation of those properties.

Therefore, the improvements and the annual costs of ensuring the maintenance and operation of the improvements are a distinct and special benefit to the residential properties within the District.

Special Benefit
The method of apportionment (method of assessment) established herein is based on the premise that each assessed parcel within the District receives s pecial benefits from the improvements and the desirability and security of those properties is enhanced by the presence of well-maintained landscaping in close proximity to those properties.

The special benefits associated with the landscaping and open space improvements are specifically:
• Enhanced desirability of properties through association with the improvements. • Improved aesthetic appeal of properties providing a positive representation of the area and properties.
• Enhanced adaptation of the urban environment within the natural environment from adequate green space and landscaping.
• Environmental enhancement through improved erosion resistance, dust and debris control, and fire prevention.
• Increased sense of pride in ownership of property within the District resulting from well- maintained improvements associated with the properties. 597
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11 • Enhanced quality of life through well-maintained green space and landscaped areas. • Reduced criminal activity and property-related crimes (especially vandalism) against properties in the District through well-maintained surrounding s and amenities including abatement of graffiti.
• Enhanced environmental quality of the parcels by m oderating temperatures, providing oxygenation and attenuating noise.

The parkways and medians consist of landscaped areas along the edge of or within the middle of streets and highways in the District. The District also has landscaped corridors extending through the developed area, which provide access to Santiago Hills Park. The improvements in these areas consist of trees, shrubs, ornamental vegetation, and appurtenant improvements.

The improvements extend throughout the development area and serve several purposes. The landscaped parkways along the streets and highways enhance the public walkways throughout the District and allow pedestrian access to the residents in the area. These parkways also provide passive and active recreational uses as well as the aesthet ic enhancement for the total development area.

Landscaped median islands also provide similar enhancements for the residents in the area.

The landscaped recreation/pedestrian corridors throughout the District provide for open space and recreational uses, which connect to the park site throughout the development area. Besides contributing to the active and passive recreation use in the are a, the corridors aesthetically enhance the area within the District.

Maintenance of these public improvements primarily renders a people oriented benefit to the properties within the boundaries of the District and, as such, relates to the number of persons in each dwelling unit on each property. These benefits are direct and special to the properties within the District.

The preceding special benefits all contribute to the overall esthetic value and desirability of each of the assessed parcels within the District and thereby pr ovide a special enhancement to these properties.

Furthermore, it has been determined that the lack o f funding to properly service and maintain the improvements would likely have a direct negative impact on the properties within the District.

General Benefit
In reviewing the District improvements, the proximity of those improvements to both properties within the District and those outside the District as well as the reasons for installing and constructing suc h improvements, it is evident that the improvements are solely the result of developing properties within the District and the ongoing maintenance and operation of these improvements will directly affect the properties within the District. Although the improv ements are visible to the public at large, the construction and installation of these improvements were necessary for the development of properties within the District and are not required nor necess arily desired by any properties or developments outside the District boundary and any public access or use of the improvements by others is incidental.

Therefore, it has been determined that the improvements and the ongoing maintenance, servicing and operation of those improvements provide no measurab le general benefit to properties outside the District or to the public at large, but clearly provide distinct and special benefits to properties within the District.
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12 C. Assessment Methodology
The benefit formula used to determine the assessment obligation for each parcel should be based upon both the improvements that benefit the parcels as well as the use of each property as compared to other parcels that benefit from those specific improvements. The method of apportionment established for most benefit assessment districts utilizes a weight ed method of apportionment known as an Equivalent Benefit Unit (EBU) methodology The Equiv alent Benefit Unit method of apportionment uses the single-family home site as the basic unit of assessment. A single-family residential property equals one Equivalent Benefit Unit (“EBU”). Every other la nd use is converted to EBUs based on an assessment formula that equates the property’s specific development status, type of development (land use), and size of the property, as compared to a single-family home site.

The EBU method of apportioning benefit is typically seen as the most appropriate and equitable assessment methodology for districts formed under the 1972 Act, as the benefit to each parcel from the improvements are apportioned as a function of land use type, size and development.

EBU Application by Land Use:

Single-Family Residential — This land use is defined as a fully subdivided re sidential home site with or without a structure. This land use is assessed 1.0 EBU per lot or parcel. This is the base value that the other land use types are compared and weighted against (i.e. Equivalent Benefit Unit or EBU).

Multi-Family Residential — This land use is defined as a fully subdivided re sidential parcel that has more than one residential unit developed on the property. This land use is assessed 0.6 EBU per dwelling unit.

Mixed Use Property — This land use is defined as property developed fo r either commercial or industrial use. This land use type is assessed at 11.0 EBUs per gross acre.

Exempt Parcels — This land use identifies properties that are not assessed and are assigned 0.0 EBU.

This land use classification may include, but is not limited, to lots or parcels identified as public streets and other roadways (typically not assigned an APN b y the County); dedicated public easements, open space areas and right-of-ways including greenbelts and parkways; utility right-of-ways; common areas, sliver parcels and bifurcated lots or any other pro perty that cannot be developed; park properties and other publicly owned properties that are part of th e District improvements or that have little or no improvement value. These types of parcels are consi dered to receive little or no benefit from the improvements and are therefore exempted from assessment.

Lots 9, 10, 11, 15, and 19 of Tract No. 12417 have been assigned 0.0 EBU because they have been excluded from the District. The cost of maintaining the landscape improvements on these publicly owned parcels is not paid by the District but rather from the general fund of the public agency owning the parcel. Therefore, these publicly owned parcels do not receive any special benefit from the District.

The following table provides a listing of land use types, land use code designations, the Equivalent Benefit Unit factor applied to that land use type, and the multiplying factor used to calculate each parcel’s individual EBU.
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13 Land Use Codes and Equivalent Benefit Units

Property Type Equivalent Benefit
Unit
Multiplier
Single-family Residential 1.000 Unit/Lot/Parcel
Multi-family Residential 0.600 Units/Dwelling Units
Mixed Use 11.000 Acreage
Exempt 0.000 Parcel

The benefit formula applied to parcels within the D istrict is based on the preceding Equivalent Benefit Unit (EBU) table. Each parcel's EBU correla tes the parcel’s special benefit received as compared to the other parcels benefiting from the improvements.

The following formula is used to calculate each parcel’s EBU (proportional benefit).

Parcel Type EBU x Multiplier (Acres or Unit) = Parcel’s EBU The total number of Equivalent Benefit Units (EBUs) is the sum of all individual EBUs applied to parcels that receive a special benefit from the imp rovement. An assessment amount per EBU (Rate) for each improvement is established by taking the t otal cost of the improvement and dividing that amount by the total number of EBUs of parcels benef iting from the improvement. This Rate is then applied back to each parcel’s individual EBU to det ermine the parcel’s proportionate benefit and assessment obligation for that improvement.

The Maximum allowable assessment rate of $369.44 EB U (single family) generates an assessment total of $533,650.77.

Total Balance to Levy / Total EBU = Assessment Rate per EBU Assessment Rate per EBU x Parcel’s EBU = Parcel’s Assessment

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14 PART III — DISTRICT BUDGET
The following budget outlines the estimated costs to maintain the improvements for 2026-2027.

ANNUAL LEVY OF ASSESSMENT
LANDSCAPE MAINTENANCE DISTRICT NO. 86-2
City of Orange

ESTIMATED COSTS

OPERATION & MAINTENANCE FUND BALANCE FROM PRIOR YEA RS
Estimated Fund Balance (Includes 15-1 & 86-2) as of April 2026 $1,412,130 The estimated budget necessary for the 2026-2027 Fiscal Year for the District is as follows:

BUDGET ITEM COST

ANNUAL MAINTENANCE
Landscaping $376,744
Tree Trimming $121,064
Electrical Maintenance $9,500
Misc. Contract Services $0
Repair/ Maintenance Services $187,037
Supplies $7,417
Other Professional Services $1,100
Telephone $1,000
Electricity $20,000
Water $221,950
Salaries & Benefits $59,348
City Administrative Services $75,308
Capital Replacement/ Dedicated Reserves -
TOTAL EST. LANDSCAPE MAINTENANCE EXPENDITURES $1,08 0,468

ESTIMATED REVENUE
Landscape Maintenance District No. 86-2 $533,651
Rancho Santiago Community College District $22,907
Proposed Benefit Assessment FY 2026/27 (LMD 15-1)
(See LMD 15-1 Engineer’s Report for specifics)
• CPI Adjustment (Current Year 3.0%)
• Unused CPI Adjustment (Carry over from prior years)

$389,964
$11,699
$0
TOTAL ESTIMATED REVENUE $958,221

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15 FUNDS TO BE TAKEN FROM RESERVES

$(122,247)

●This Budget Estimate is for the purpose of establis hing an Annual Assessment. It may vary from the adopted City Budge t. All assessments collected by the District may only be used for Dist rict expenditures regardless of the Budget Estimate.

BALANCE TO LEVY FOR 86-2 $533,651
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16 PART IV — DISTRICT DIAGRAMS
The parcels within the Landscape Maintenance Distri ct No 86-2 consist of all lots, parcels and subdivisions of land located in the planned residential development known as Santiago Hills.

The following diagram incorporates all parcels with in the District, as the same existed at the time this Report was prepared. The combination of this m ap and the Assessment Roll contained in this Report constitute the Assessment Diagram for the Landscape and Maintenance District No. 86-2. 603
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18 PART V — ASSESSMENT ROLL
Parcel identification for each lot or parcel within the District is based on available parcel maps and property data from the Orange County Assessor’s Off ice, as they existed at the time this Engineer’s Report was prepared and the City Council adopted th e Resolution of Intention. A listing of the lots and parcels to be assessed within this District along with the assessment amounts is provided herein.

If any parcel submitted for collection is identifie d by the County Auditor/Controller to be an invalid parcel number for the fiscal year, a corrected parc el number and/or new parcel numbers will be identified and resubmitted to the County Auditor/Co ntroller. The assessment amount to be levied and collected for the resubmitted parcel or parcels shall be based on the method of apportionment and assessment rate described in this Report as app roved by the City Council. Therefore, if a single parcel is subdivided to multiple parcels, the asses sment amount applied to each of the new parcels shall be recalculated and applied according to the approved method of apportionment and assessment rate rather than a proportionate share of the original assessment.

The following is a list of the parcels and proposed assessment amounts for Fiscal Year 2026-2027 for each of the parcels within the District as dete rmined by the assessment rates and method of apportionment described herein:
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Landscape Maintenance District No. 15-1
1 CITY OF ORANGE
PRELIMINARY ENGINEER’S REPORT

FOR THE ANNUAL LEVY ASSESSMENT

LANDSCAPE MAINTENANCE
DISTRICT NO. 15-1
FISCAL YEAR 2026-2027

LANDSCAPE MAINTENANCE DISTRICT NO. 15-1

SANTIAGO HILLS

Intent Meeting: May 12, 202 6
Public Hearing: June 9, 202 6

LMD 15-1 Preliminary ER FY 2026-27
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TABLE OF CONTENTS
AFFIDAVIT FOR THE ENGINEER’S REPORT .................................................. 2 INTRODUCTION ..................................................................................................... 4 Overview ..................................................................................................................................... 4 District’s Facilities ..................................................................................................................... 4 Assessment Background ........................................................................................................... 4 PLANS & SPECIFICATIONS ................................................................................... 5 FISCAL YEAR 2026-27 ESTIMATE OF COST AND BUDGET ............................. 8 Budget for Fiscal Year 2026-27 ............................................................................................... 8 METHOD OF APPORTIONMENT ...................................................................... 10 Method of Apportionment .................................................................................................... 10 Discussion of Benefit .............................................................................................................. 10 Benefit Factors ......................................................................................................................... 11 Benefit Finding ........................................................................................................................ 14 Zones of Benefit ...................................................................................................................... 17 Method of Assessment ........................................................................................................... 18 Residential Properties ............................................................................................................. 19 Commercial Properties ........................................................................................................... 20 Vacant/Undeveloped Properties........................................................................................... 21 Other Properties ...................................................................................................................... 21 Annual Cost Indexing ............................................................................................................. 22 Appeals of Assessments Levied to Property ....................................................................... 22 Assessment Funds Must Be Expended Within the District Area .................................... 23 ASSESSMENT .......................................................................................................... 24 ASSESSMENT DIAGRAM ...................................................................................... 25 ASSESSMENT ROLL .............................................................................................. 27

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INTRODUCTION
Overview
The City of Orange (the “City”) services and maintains perimeter and median landscaping, interior walkways and paseos, and other improvements (“Impro vements”) in the Santiago Hills neighborhoods in the eastern part of the City. This Engineer’s Report ("Report") was prepared to establish the budget for the Improvements (as descr ibed below) that will be funded by the new 2026-2027 assessments, if approved, and other reven ue, to determine the general and special benefits received from the Improvements by property within the Improvement District (“District”), and to determine the method of assess ment apportionment to lots and parcels. This Report and the assessments have been made pursuant to the Landscaping and Lighting Act of 1972, Part 2 of Division 15 of the California Stree ts and Highways Code (the "Act") and Article XIIID of the California Constitution (the “Article”).

Landscape Maintenance District (LMD) No. 15-1 was f ormed in 2015. This assessment district is identical to the existing Landscape Maintenance Dis trict No. 86-2 in its geographic boundaries, parcels to be assessed, Improvements to be serviced , maintained, or repaired and budgeted cost centers. The assessments collected, if approved, wi ll be in addition to those collected for Landscape Maintenance District 86-2.

District’s Facilities
The City’s landscape facilities to be funded by ass essments within this District are located in the Santiago Hills neighborhoods of the City. The Impro vements generally include entrance signs, traffic islands and medians, parkways, recreation a reas, paseos, lighting, and the infrastructure required to support these Improvements.

Assessment Background
The City formed Landscape Maintenance District No. 86-2 in 1987 to service and maintain the specific landscape facilities and improvements rele vant to this report. Revenues from that district remain relatively flat, there is not an inflation a djustment provision, while the costs to maintain and service these facilities and improvements have risen steadily. In 2007 the City began to decrease service levels in an effort to contain cos ts within available revenues. The service levels continued to decrease to offset the effects of risi ng utilities, labor and materials costs until the creation of LMD No. 15-1.

In order to restore service levels and make needed repairs and improvements to the District’s facilities, the LMD No. 15-1 that exactly overlaid the existing assessment district, was formed. 609
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PLANS & SPECIFICATIONS
The City maintains landscaping and other improvemen ts in locations within the proposed Assessment District’s boundaries. The work and impr ovements proposed to be undertaken by the Landscape Maintenance District No. 15-1 and the cos t thereof paid from the levy of the annual Assessment provide special benefit to Assessor Parcels within the District as defined in the Method of Assessment herein. In addition to the definition s provided by the Landscaping and Lighting Act of 1972, (the “Act”) the work and improvements are generally described as follows:

Entrance Sign
The entrance signs with landscape improvements to be maintained are to be located at the following locations within the District:
• Chapman Avenue at Newport Boulevard (southeast corner) • Newport Boulevard at Canyon View Avenue (northeast corner) Parkways and Recreation Areas
The landscaped parkways and recreation areas to be maintained by the District are located as follows:
• Newport Boulevard – approximately 18-foot wide zone (including the width of the sidewalk) from the back of the curb to the property line, and corner cutoffs at intersections, on the east side from Santiago Canyon Road to 312 feet south of the centerline of Skylark Place. • Chapman Avenue – approximately 18-foot wide zone (i ncluding the width of the sidewalk) from the back of the curb to the property line, and corner cutoffs at intersections, on both sides from Newport Boulevard to Jamboree Road.
• Canyon View Avenue – approximately 30-foot wide zon e (including the width of the sidewalk) from the back of the curb to the property line, and corner cutoffs at intersections, on both sides from Newport Boulevard to Jamboree Road.
• White Oak Ridge – approximately 17-foot wide zone ( including the width of the sidewalk) from the back of the curb to the property line, and corner cutoffs at intersections, on both sides from Newport Boulevard to Canyon View Avenue.
• Trails End Lane – approximately 17-foot wide zone o n the west side and approximately 28- to 32-foot wide zone on the east side (including th e width of the sidewalk), both zones from the back of the curb to the property line, and corn er cutoffs at intersections, from White Oak Ridge to Chapman Avenue.
• Handy Creek Corridor – from the intersection of Cha pman Avenue and Newport Boulevard to White Oak Ridge, and from White Oak Ridge to the intersection of Canyon View Avenue and Aspen Street (Lot 20, a portion of Lot 11, and Lot D of Tract 12417) including concrete walkways which also serve as emergency access ways.
• Paseo – approximately 50-foot wide zone from Santia go Hills Park to White Oak Ridge and from White Oak Ridge to Old Camp Road (Lots A and B of tract No. 12417) and approximately 35-foot wide zone from the Paseo to W hite Oak Ridge (Lot C of Tract No. 12417) including surface and subsurface drainage fa cilities and concrete walkways which also serve as emergency access ways.
• Aspen Street – approximately 10-foot wide zone (inc luding the width of the sidewalk) on south side from the back of the curb to the propert y line from the end of Handy Creek 610
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Corridor (Lot D, Tract No. 12417) near Canyon View Avenue to the northerly terminus of the street.
• Fort Road – approximately 17-foot wide zone (includ ing the width of the sidewalk) from the back of the curb to the property line on south side from White Oak Ridge to Jamboree Road.
• Santiago Canyon Road – approximately 18-foot wide z one (including the width of the sidewalk) from the back of the curb to the property line on north and south sides from Newport Boulevard to Jamboree Road.
• Old Camp Road – approximately 4-foot wide zone from the back of the curb to the property line on both sides from Canyon View Avenue to northerly terminus of the street. • Skylark Place – approximately 18-foot wide zone (in cluding the width of the sidewalk) from the back of the curb to the property line on both s ides from White Oak Ridge to Newport Boulevard.
• Jamboree Road – variable width zone (including widt h of the bike trail-sidewalk) from back of the curb to the property line on the west side f rom Canyon View Avenue to Santiago Canyon Road.
• Additional Areas – areas adjacent to the 18-foot wi de zones along Skylark Place, Chapman Avenue, and Jamboree Road have been dedicated to th e City with tracts 12672, 12741, 12711, 15398 and PM 92-195. Such areas have been la ndscaped by the developers and the sprinkler systems tied to the District’s.

Traffic Islands and Medians
• The landscaped islands and medians to be maintained by the District are located as follows:
• Chapman Avenue – 14-foot wide median from Newport Boulevard to Jamboree Road. • White Oak Ridge – 14-foot wide medians at Newport Boulevard and Canyon View Avenue. • Trails End Lane – 14-foot wide median from White Oak Ridge to Chapman Avenue. • Jamboree Road – 24-foot wide median from southerly City limits to Santiago Canyon road. • Santiago Canyon Road – Variable width from Newport Boulevard to Jamboree Road. • Newport Boulevard – 22-foot wide median from Chapma n Avenue to Santiago Canyon Road.

Excluded Improvements
The following items are excluded from the District:
• The 8+/- acre Santiago Hills Park is excluded from this District • The City’s public safety facility on East Fort Road is excluded from this District • Chapman Hills Elementary School is excluded from this District • Santiago Canyon College is excluded from this Distr ict (Note that while some public improvements along the College frontage are maintained along with District Improvements, the College pays directly into the District’s fund to compensate for that work) • Sidewalks along all streets within the District are excluded • The Equestrian trail along Canyon View Avenue is excluded from this District Definitions
Installation, maintenance and servicing of Improvements, may include, but are not limited to, turf and play areas, landscaping, ground cover, shrubs and trees, irrigation systems, sidewalks, parking 611
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lots, drainage systems, lighting, fencing, entry mo numents, recreational facilities, security patrols to protect the Improvements, graffiti removal and repa inting, and labor, materials, supplies, utilities and equipment, as applicable, at each of the locati ons owned, operated or maintained by the District.

As applied herein, “Installation” means the constru ction of Improvements, including, but not limited to, land preparation (such as grading, leve ling, cutting and filling), sod, landscaping, irrig ation systems, walkways and drainage, lights, and recreational facilities. “Maintenance” means the furnishing of services and materials for the ordinary and usual maintenance, operation and servicing of any Improve ment, including repair, removal or replacement of all or any part of any Improvement; providing fo r the life, growth, health, and beauty of landscaping, including cultivation, irrigation, tri mming, spraying, fertilizing, or treating for disea se or injury; the removal of trimmings, rubbish, debris, and other solid waste, and the cleaning, sandblasting, and painting of walls and other Improvements to remove or cover graffiti. “Servicing” means the furnishing of electric curren t, or energy, gas or other illuminating agent for any public lighting facilities or for the lighting or operation of any other Improvements; or water fo r the irrigation of any landscaping, the operation of any fountains, or the maintenance of any other Improvements.

Incidental expenses include all of the following: ( a) The costs of preparation of the report, includin g plans, specifications, estimates, diagram, and Asse ssment; (b) the costs of printing, advertising, and the giving of published, posted, and mailed notices ; (c) compensation payable to the County for collection of Assessments; (d) compensation of any engineer or attorney employed to render services in proceedings pursuant to this part; (e) any other expenses incidental to the construction, installation, or maintenance and servicing of the I mprovements; (f) any expenses incidental to the issuance of bonds or notes pursuant to Streets & Hi ghways Code Section 22662.5; and (g) costs associated with any elections held for the approval of a new or increased assessment (Streets & Highways Code §22526).

Modifications to the District structure could inclu de, but are not limited to, substantial changes or expansion of the Improvements provided, substantial changes in the service provided, modifications or restructuring of the District including annexati on or detachment of specific parcels, revisions in the method of apportionment, or proposed new or increased assessments.

The Assessment proceeds will be exclusively used fo r Improvements within the District plus incidental expenses.
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FISCAL YEAR 2026-27 ESTIMATE OF COST AND BUDGET
Budget for Fiscal Year 2026-27
The following budget shows the cost of the Improvem ents that would be funded by the District in Fiscal Year 2026-27. This table shows the total com bined expenditures associated with the Improvements for both Landscape Maintenance Distric ts (No. 15-1 and No. 86-2). Accordingly, revenues from both Districts are also shown.

BUDGET ITEM COST

$389,964
$11,699
$0
TOTAL ESTIMATED REVENUE $958,221

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FUNDS TO BE TAKEN FROM RESERVES

$(122,247)
District Expenditures will be adjusted to match the maximum allowable assessment.

BALANCE TO LEVY FOR 15-1 $401,663

Notes to Estimate of Costs:

1. The Act requires that proceeds from the Assessments must be deposited into a special fund that has been set up for the revenues and expenditures o f the District. Moreover, funds raised by the Assessment shall be used only for the purposes stat ed within this Report. Any balance remaining at the end of the Fiscal Year, June 30, must be carrie d over to the next Fiscal Year. The District may also establish a dedicated reserve fund for conting encies and special projects as well as a dedicated capital improvement fund for accumulating funds for larger capital improvement projects or capital renovation needs. Any remaining balance would eithe r be placed in the dedicated reserve fund, the capital improvement fund, or would be used to reduce future years' Assessments.

2. The rate shown here is for a single family home or its equivalent. For the definition of the term SFE and rates for other types of property, see the section titled, “Method of Assessment Apportionment” and the sections following it in this report.

3. The total cost of the services and Improvements is the total assessment amount of $ 356,873 plus the value of the general benefit contributions from the City described in the section titled, “Method of Assessment Apportionment.”

4. The Assessment allows for an annual adjustment tied to the Consumer Price Index (the “CPI”), as detailed in the section titled “Method of Apport ionment – Annual Cost Indexing.” For Fiscal Year 2026-2027, the CPI is 3.0% for the Los Angeles -Long Beach-Anaheim area as of December 2025. Due to the remaining fund balance from Fiscal Year 2025-26, the Public Works staff recommends setting the CPI adjustment at 3.0% (maximum allowed) for Fiscal Year 2026-2027. 614
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10 Enhanced Level
of Service + Baseline Level
of Service = Final Level
of Service

METHOD OF APPORTIONMENT
Method of Apportionment
This section of the Engineer's Report explains the benefits to be derived from the Improvements and the methodology used to apportion the total assessment to properties within the District.

The method used for apportioning the Assessment is based upon the relative special benefits to be derived by the properties in the District over and above general benefits conferred on real property or to the public at large. The Assessment is apport ioned to lots and parcels in proportion to the relative special benefit from the Improvements. The apportionment of special benefit is a two-step process: the first step is to identify the types of special benefit arising from the Improvements and the second step is to allocate the Assessments to p roperty based on the estimated relative special benefit for each type of property.

This section of the Engineer’s report includes a di scussion of the benefits to be provided by the proposed Improvements and the method of apportionme nt of assessments within the District. The formula below identifies the final level of service as the sum of the baseline level of service (witho ut this proposed Assessment) and the enhanced level of service to be funded by the proposed Assessment.

Discussion of Benefit
In summary, the Assessments can only be levied base d on the special benefit to property. This benefit is received by property over and above any general benefits. With reference to the requirements for assessments, Section 22573 of the Landscaping and Lighting Act of 1972 states:
"The net amount to be assessed upon lands within an assessment district may be apportioned by any formu la or method which fairly distributes the net amount among all assessable lots or parcels in proportion to th e estimated benefits to be received by each such lot or parcel from the improvements." Proposition 218, as codified in Article XIIID of th e California Constitution, has confirmed that assessments must be based on the special benefit to property and that the value of the special benefits must be equal to or exceed the cost of the assessment:
"No assessment shall be imposed on any parcel which exceeds the reasonable cost of the proportional spe cial benefit conferred on that parcel."
The following benefit categories summarize the type s of special benefit to residential, commercial, industrial and other lots and parcels resulting fro m the Improvements to be provided with the assessment proceeds. These types of special benefits are summarized as follows:

A. Proximity to Improved Landscaped Areas and Other Public Improvements within the District.

B. Access to Improved landscaped areas and Other Publi c Improvements within the District. 615
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11 C. Improved Views within the District.

D. Extension of a property’s outdoor areas and green s paces for properties within close proximity to the Improvements.

E. Creation of individual lots for residential and com mercial use that, in absence of the Assessments, would not have been created.

In this case, the recent Silicon Valley Taxpayers Association, Inc. v. Santa Clara County Open Space Authority (SVTA) decision in 2008 provides enhanced clarity to the d efinitions of special benefits to properties from similar improvements in three distinct areas:
• Proximity
• Expanded or improved access
• Views
The SVTA decision also clarifies that a special benefit is a service or improvement that provides a direct advantage to a parcel and that indirect or d erivative advantages resulting from the overall public benefits from a service or improvement are g eneral benefits. The SVTA decision also provides specific guidance that Improvements are a direct advantage and special benefit to property that is proximate to a facility that is improved by an assessment:

The characterization of a benefit may depend on whet her the parcel receives a direct advantage from the improvement (e.g. proximity to a park) or receives a n indirect, derivative advantage resulting from the overall public benefits of the improvement (e.g. general enhancement of the district’s property values).

Proximity, improved access and views, in addition t o the other special benefits listed herein further strengthen the basis of these Assessments.

Moreover, the Dahms v. Downtown Pomona Prop. & Bus. Improvement Dist . ( Dahms) decision in 2009 further clarified that certain services and Improve ments funded by assessments, that are over and above what otherwise would be provided and that oth er property in general and the public do not share or receive are 100% special benefit. The assessment-funded services upheld by Dahms included streetscape maintenance and security services.

Benefit Factors
The special benefits from the Improvements are further detailed below:

Proximity to Improved Landscaped Areas within the District The boundaries of the District were developed in co njunction and concurrent with the planning and design of the subdivisions and Improvements, and th us have been carefully drawn to only include the properties in the City of Orange that are proxi mate to the Improvements and that would materially benefit from the Improvements. In other words, the District has been narrowly drawn to include the properties that receive special benefit s from the Improvements. Therefore, property in the District enjoys unique and valuable proximity t o the Improvements that the public at large and property outside the District do not share.

In the absence of the Assessments, the Improvements would not be provided and the public improvements funded in the District would be degrad ed due to insufficient funding for maintenance, upkeep and repair. Therefore, the Asse ssments provide Improvements that are over and above what otherwise would be provided. Improve ments that are over and above what otherwise would be provided do not by themselves tr anslate into special benefits but when

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12 combined with the unique proximity and access enjoy ed by parcels in the District, they provide a direct advantage and special benefit to property in the District.

Access to Improved Landscaped Areas within the District Since the parcels in the District are nearly the on ly parcels that enjoy close access to the Improvements, they directly benefit from the unique close access to improved landscaping areas and other public improvements that are provided by the Assessments. This is a direct advantage and special benefit to property in the District.

Improved Views within the Assessment Districts
The City, by maintaining permanent public improveme nts funded by the Assessments in the District, provides improved views to properties in the District. The properties in the District enjoy close and unique proximity, access and views of the specific Improvements funded in the District; therefore, the improved and protected views provide d by the Assessments are another direct and tangible advantage that is uniquely conferred upon property in the District.

Extension of a Property’s Outdoor Areas and Green Space s for Properties within Close Proximity to the Improvements
In large part because it is cost prohibitive to pro vide large open land areas on property in the District, the residential, commercial and other ben efiting properties in the District do not have larg e outdoor areas and green spaces. The Improvements wi thin the District provide additional outdoor areas that serve as an effective extension of the l and area for proximate properties because the Improvements are uniquely proximate and accessible to property in close proximity to the Improvements. The Improvements, therefore, provide an important, valuable and desirable extension of usable land area for the direct advantage and special benefit of properties in the District because such properties have uniquely good and close proximity to the Improvements.

Creation of Individual Lots for Residential and Commerci al Use that, in Absence of the Assessments, Would Not Have Been Created
In most of the District, the original owner/develop er(s) of the property within the District agreed unanimously to the Assessments. The Assessments pro vide the necessary funding for public improvements that were approved as a condition of d evelopment and subdivision approval.

Therefore, such Assessments allowed the original pr operty to be subdivided and for development of the parcels to occur. As parcels were sold, new own ers were informed of the Assessments through the title reports, and in some cases, through Depar tment of Real Estate “White Paper” reports that the parcels were subject to assessment. Purchase of property was also an “agreement” to pay the Assessment. Therefore, in the absence of the Assess ments, the lots within most of the District would not have been created. These parcels, and the Improvements that were constructed on the parcels, receive direct advantage and special benefit from the Assessments. 617
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13 Special
Benefit +
General
Benefit =
Total
Benefit

Summary of Relative Weight of Benefit Factors
A solid argument could be made that the Creation of Individual Lots benefit comprises 100% of the benefit because the Improvements were incorporated into the original planning and design of the subdivision, and thus were deemed to be necessary a nd required for the development of the lot.

Without those Improvements and associated benefit, the lots would not have been created in the first place. Nevertheless, four other definitive be nefits accruing to the parcels within the District are identified, and an allowance should be made within the overall relative importance of benefits. The table below illustrates the relative benefit level of the five identified benefits used in this Report.

Benefit Factor

Proximity

Relative Weight

10%
Access 10%
Views 10%
Outdoor Area or Green Space Extension 10%
Creation of Individual Lots for Development 60%
Total Benefit 100%

General Versus Special Benefit
Article XIIIC of the California Constitution requir es any local agency proposing to increase or impose a benefit assessment to “separate the genera l benefits from the special benefits conferred on a parcel.” The rationale for separating special and general benefits is to ensure that property owners subject to the benefit assessment are not paying fo r general benefits. An assessment can fund special benefits but cannot fund general benefits. Accordin gly, a separate estimate of the special and general benefit is given in this section.

In other words:

There is no widely-accepted or statutory formula fo r general benefit. General benefits are benefits from improvements or services that are not special in nature, are not “particular and distinct” and are not “over and above” benefits received by other properties. SVTA provides some clarification by indicating that general benefits provide “an ind irect, derivative advantage” and are not necessaril y proximate to the improvements.

In this Report, the general benefit is liberally estimated and described, and then budgeted so that it is funded by sources other than the Assessment.
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14 Benefit
+ to the
Public
at Large
Benefit to Real
Property Inside
the Assessment
District that is
Indirect and
Derivative
+
Benefit to Real
Property
= Outside the
Assessment
District
General
Benefit

The starting point for evaluating general and speci al benefits is the current, baseline level of servi ce.

The Assessment will fund Improvements “over and abo ve” this general, baseline level and the general benefits estimated in this section are over and above the baseline.

A formula to estimate the general benefit is listed below:

Special benefit, on the other hand, is defined in t he state constitution as “a particular and distinct benefit over and above general benefits conferred o n real property located in the district or to the public at large.” The SVTA decision indicates that a special benefit is confer red to a property if it “receives a direct advantage from the improvement ( e.g., proximity to a park).” In these Assessments, as noted, properties in the District h ave close and unique proximity, views and access to the Improvements and uniquely improved desirabil ity from the Improvements and other properties and the public at large do not receive s ignificant benefits because they do not have proximity, access or views of the Improvements. The refore, the overwhelming proportion of the benefits conferred to property is special, and is o nly minimally received by property outside the Assessment Districts or the public at large.

Benefit Finding
Quantification of General Benefit
In this section, the general benefit from landscapi ng and other types of Improvements is liberally estimated and described, and then budgeted so that it is funded by sources other than the Assessment.

Benefit to Property Outside the Assessment Districts
Properties within the District receive almost all o f the special benefits from the Improvements because properties in the District enjoy unique clo se proximity and access to the Improvements that are not enjoyed by other properties or the public a t large. However, certain properties within the proximity/access radius of the Improvements, but ou tside of the boundaries of the District, may receive some benefit from the Improvements. Since t his benefit is conferred to properties outside the District boundaries, it contributes to the over all general benefit calculation and will not be funded by the Assessments. The general benefit to p roperty outside of the District is calculated with the parcel and data analysis performed by SCI Consulting Group.

Since the properties outside the District but with frontage abutting the Improvements receive benefit but cannot be assessed by the District, thi s is a form of general benefit to other property.

The primary ways that parcels outside the district benefit by the Improvements is from proximity, 619
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15 Assumptions:
47 parcel outside the District
1517 parcels in the District
Calculation:

General Benefit to property outside the
District =
47/(47+1517) * 40% = 1.20%

access, views and extension of outdoor space, which account for 40% of the available benefit.

Therefore, parcels that abut the landscape areas an d are not separated from the Improvements by a privacy fence are counted for this general benefit. The general benefit to property outside of the District is calculated as follows.

Benefit to Property Inside the Assessment Districts that is Indirect and Derivative The “indirect and derivative” benefit to property w ithin the District is particularly difficult to calculate. A solid argument can be presented that all benefit within the District is special, because the Improvements are clearly “over and above” and “part icular and distinct” when compared with the baseline level of service and the unique proximity, access and views of the Improvements enjoyed by benefiting properties in the District.

Nevertheless, the SVTA decision indicates there may be general benefit “co nferred on real property located in the district.” A measure of the general benefits to property within the Assessment area is the percentage of land area within the District tha t is publicly owned and used for regional purposes such as major roads, rail lines and other regional facilities because such properties used for regiona l purposes could provide indirect benefits to the pub lic at large. Approximately 7.15% of the land area in the District is used for such regional purp oses, so this is a measure of the general benefits to property within the District.

Benefit To The Public At Large
The general benefit to the public at large can be e stimated by the proportionate amount of time that the District’s Improvements including landscaping a re used and enjoyed by individuals who are not residents, employees, customers or property owners in the District. It should be noted that these Improvements do not attract the public at large in the same way as park improvements – and they confer far less benefit to the public at large than do similar park improvements.

One way to measure the special benefit to the gener al public is by the car trips through an area with Improvements. Of the five ways benefits are conferr ed (proximity, access, views, extension of a property’s green space, and creation of lots), the only benefit that is conferred by way of pass-by ca r trips is views, which accounts for 10% of the total benefits. For pass-by car trips, the benefit of views is found to be approximately half that of res idents, employees, customers or property owners in the District due to the brevity of the views. Therefore the relative benefit factor is reduced to 5%. 620
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16 1.16%

11.31% 11.3% = 10.0%
= 11.6%

21.6% TOTAL GENERAL BENEFIT
100.0% x 11.6% Out -of -District General Benefits
Property within the District 7.15%
Public at Large 3.00%
Total In -District 11.35% 11.4% x 88.4%

1.20%
In -District General Benefits
Outside the District
Relative Percent of
General Overall General
Benefit Benefit Benefit

Next, the views factors are weighted by the relevan t number of car trips. Using the lane miles as representative of pass-by traffic, an analysis show s that 60% of the lane miles are on arterial or collector streets where the general public has view s of the landscaping. Therefore (60% of 5% =)

3.0% of the benefits from the Improvements are general benefits to the public at large.

Special Considerations of Improvements Outside of District The benefits are categorized into to two geographic groupings of Improvements: In-District Improvements that include parkways, medians and pas eos that are either inside the district boundaries, or are traffic medians that directly ab ut or front the district; and Out-of-District Improvements that are parkways or medians that are both outside the District boundaries and are not abutting, fronting or lying adjacent to the Dis trict. Based on weighted square footage of the various types of Improvements, Out-of-District Impr ovements count for approximately 11.6% of the total benefits. These Out-of-District benefits are found to be entirely General Benefit. For example some Improvements at Santiago Canyon Colleg e are maintained, but the funding for this work comes entirely from the College as general benefit funds.

The In-District Improvements, conversely, provide a pproximately 88.4% of the total benefits. The general benefits provided by these Improvements are discussed above.

Total General Benefits
Using a sum of these three measures of general bene fit plus the special considerations of general benefit from Out-of-District benefits (both weighted accordingly), we find that approximately 21.6% of the benefits conferred by the Improvements may b e general in nature and should be funded by sources other than the Assessment. This calculation is shown below.

Although this analysis finds that 21.6% of the Asse ssment may provide general benefits from the Improvements, the Assessment Engineer establishes a requirement for a minimum contribution from sources other than the Assessments of 22%. Thi s minimum contribution above the measure of general benefits will serve to provide additional coverage for any other general benefits.

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17 Final Step – Calculate the Current General Benefit Contribution from the City This general benefit cannot be funded from the Asse ssments; it must be funded from other sources such as the City’s General Fund or other non-Distri ct funds. These contributions can also be in the form of in-lieu contributions to the installation a nd maintenance of the Improvements such as other City assets that support and protect the Improvemen ts. The City of Orange will contribute both monetary and in-lieu resources to ensure that the g eneral benefits conferred by the proposed Improvements are not funded by the District’s property owners.

A summary and quantification of these other contributions from the City is discussed below:

The City of Orange owns, maintains, rehabilitates a nd replaces curb and gutter along the border of the District Improvements. This curb and gutter ser ves to support, contain, retain, manage irrigation flow and growth, and provide a boundary for the Improvements. The contribution from the City towards general benefit from the maintenan ce, rehabilitation, and replacement of the curb and gutter is conservatively estimated to be 5%.

The City owns and maintains a storm drainage system along the border of the District Improvements. This system serves to prevent floodin g and associated damage to the Improvements, and manage urban runoff including local pollutants loading from the Improvements.

The contribution from the City towards general bene fit from the maintenance, and operation of the local storm drainage system is conservatively estimated to be 5%.

The City owns and maintains local public streets al ong the border of the District Improvements.

These public streets provide access to the Improvements for residents’ enjoyment as well as efficient maintenance. The contribution from the City towards general benefit from the maintenance of local public streets is conservatively estimated to be 5%.

The value of the construction of the Improvements c an be quantified and monetized as an annuity.

Since this construction was performed and paid for by non-assessment funds, this “annuity” can be used to offset general benefit costs, and is conservatively estimated to contribute 10%.

The total General Benefit is liberally quantified a t 22% which is entirely offset by the conservativel y quantified total non-Assessment contribution toward s general benefit described above of 25%.

Therefore, no additional General Benefit must be funded by the City.

Zones of Benefit
The boundaries of the District were developed in co njunction and concurrent with the planning and design of the subdivisions and Improvements, and th us include only the properties in the City of Orange that are proximate to the Improvements and t hat would materially benefit from the Improvements. Certain other properties surrounding the District were not part of the designed association between the Improvements and the assess ed areas, and are generally less proximate to the Improvements. In other words, the boundaries of the District have been narrowly drawn to include only properties that will specially benefit from the Improvements, and would receive a declining level of service if the Assessments were not approved.

The SVTA decision indicates:

In a well-drawn district — limited to only parcels r eceiving special benefits from the improvement — ev ery parcel within that district receives a shared special benef it. Under section 2, subdivision (i), these benefit s can be construed as being general benefits since they are not “particular and distinct” and are not “over and above” the benefits received by other properties “located in the district.” 622
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18 We do not believe that the voters intended to inval idate an assessment district that is narrowly drawn t o include only properties directly benefiting from an improve ment. Indeed, the ballot materials reflect otherwise . Thus, if an assessment district is narrowly drawn, the fact that a benefit is conferred throughout the district does not make it general rather than special. In that circumstance, the characterization of a benefit may depend on whet her the parcel receives a direct advantage from the improve ment (e.g., proximity to park) or receives an indire ct, derivative advantage resulting from the overall public benefit s of the improvement (e.g., general enhancement of the district’s property values).

In the District, the advantage that each parcel rec eives from the Improvements is direct, and the boundaries are narrowly drawn to include only parce ls that benefit from the Assessment. Therefore, the even spread of Assessment throughout the narrow ly drawn district is indeed consistent with the SVTA decision. For the most part, the benefits from the Improvements within the District do not vary further based on proximity of the parcels to t he Improvements because the increased benefits of greater proximity to the Improvements are genera lly offset by a parallel increase in negative factors such as higher levels of traffic, noise, etc. that comes with increased proximity.

There are two distinct neighborhoods within the Dis trict: Santiago Hills and Hillsdale. Santiago Hills is a complex neighborhood with arterial and c ollector streets traversing the residential areas and a commercial area on the northeast portion. In addition, Santiago Hills has a system of walking paths, or paseos, that provide additional benefits not found in the Hillsdale neighborhood. Hillsdale is a relatively small neighborhood, linear in shape centered on one residential street (Hillsdale Driv e) with Improvements along only one exterior frontage (Santiago Canyon Road).

In order to most conservatively assure that Assessm ents are proportional to the relative level of special benefits in the District, two zones have be en created. Zone of Benefit A (or “Zone A”) consists of all of the parcels that lie within the Santiago Hills neighborhood bounded generally by Chapman Avenue, Jamboree Road, Canyon View Avenue, Skylark Lane and Newport Boulevard.

Zone A receives the full complement of special benefits.

Zone of Benefit B (“Zone B”) consists of all the pa rcels that lie within the Hillsdale neighborhood lying generally north of Santiago Canyon Road. A de tailed analysis of the proportionate benefits received by the Hillsdale neighborhood as compared to the Santiago Hills neighborhood based on the weighted areas of parkways, paseos, and traffic medians within or proximate to the two zones shows that the Hillsdale neighborhood (Zone B) rece ives approximately 75% as much special benefit as the Santiago neighborhood (Zone A). Ther efore Assessments for parcels in Zone B are reduced approximately 20% from the rates for Zone A (see Assessment Diagram).

Method of Assessment
As previously discussed, the proposed Assessments w ill provide comprehensive Improvements that will clearly confer special benefits to properties in the District. The allocation of special benefits to property is partially based on the type of property and the size of property. These benefits can also partially be measured by the occupants on property in the District because such parcel population density is a measure of the relative benefit a parc el receives from the Improvements. It should be noted that many other types of “traditional” assess ments also use parcel population densities to apportion the Assessments. For example, the assessm ents for sewer systems, roads and water systems are typically allocated based on the popula tion density of the parcels assessed. Therefore, the apportionment of benefit is reasonably based on the type of parcel, the size of parcels and the population density of parcels.
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City of Orange
Landscape Maintenance District No. 15-1
19 The next step in apportioning Assessments is to det ermine the relative special benefit for each property. This process involves determining the rel ative benefit received by each property in relation to a single family home, or, in other words, on the basis of Single Family Equivalents (SFE). This SFE methodology is commonly used to distribute Asse ssments in proportion to estimated special benefit and is generally recognized as providing th e basis for a fair and appropriate distribution of Assessments. For the purposes of this Engineer’s Re port, all properties are designated a SFE value, which is each property’s relative benefit in relati on to a single family home on one parcel. In this case, the "benchmark" property is the single family detached dwelling which is one Single Family Equivalent or one SFE.

Not only residential improved property will be asse ssed, because commercial and other properties may also receive direct benefits from the Improvements, and will be assessed.

A fixed or flat Assessment is proposed for all sing le family residential properties regardless of occupancy or parcel size. Assessments on multi-fami ly residential parcels vary based on the number of dwelling units. Assessments on commercial proper ty are levied on an acreage basis because larger properties generally support larger buildings and h ave higher numbers of employees, customers and guests who would benefit from proximity and improve d access to well-maintained and improved landscaping.

Finally, the special benefits to be derived from th e proposed Assessments will be conferred on property and are not based on a specific property o wner’s use of the improvements, a specific property owner’s occupancy of property, or the prop erty owner’s demographic status such as age or number of dependents. The benefits conferred to pro perty are related to the average number of people who could potentially live on, work at, or o therwise could occupy a property, not how the property is currently used by the present owner. Th erefore, the number of people who could or potentially live on, work at or otherwise occupy a property is one indicator of the relative level of benefit received by a property.

In conclusion, the Assessment Engineer determined t hat the appropriate method of assessment apportionment should be based on the type of proper ty, the relative size of the property, property location, its relative population and its proximity to Improvements. This method is further described below.

Residential Properties
Certain residential properties in the District that contain a single residential dwelling unit are assigned one Single Family Equivalent or 1.0 SFE. D etached or attached houses and zero-lot line houses are included in this category of single fami ly residential property. If there is more than one single family detached dwelling on a parcel, it wil l be charged one SFE per single family detached dwelling.

Properties with more than one residential unit (oth er than parcels with more than one detached single family dwelling as described above) are designated as multi-family residential properties. These properties benefit from the Improvements in proport ion to the number of dwelling units that occupy each property, the average number of people who reside in multi-family residential units versus the average number of people who reside in a single family home (Population Density Factor) and the relative size of each type of residential d welling unit (Square Foot Factor). The population density factors for the area in Orange County encom passing the District, as depicted in the following table, provide the basis for determining the SFE factors for residential properties. Using the total population in a certain property type in the area of the District from the 2010 Census and 624
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
20 dividing it by the total number of such households, finds that approximately 3.21 persons occupy each single family residence, whereas an average of 2.93 persons occupy each condominium. The ratio of 3.21 people on average for a single family residence and 2.93 people per dwelling unit in a condominium unit results in a population density eq uivalent of 0.91 for condominiums. Next, the relative building areas are factored into the analysis because special benefits are related to the average size of a property, in addition to average populati on densities. For a condominium, this calculation results in an SFE factor of 0.71 per dwelling unit.

Table 1 – Residential Density and Assessment Factors

Type of Residential Property
Pop. Density
Equivalent
SqFt
Factor
SFE
Factor

Single Family Residential

1.00 1.00

1.00 Condominium 0.91 0.78 0.71

There are no other multi-family property types (e.g ., duplex, triplex, fourplex, apartments) in the District, and none are foreseen in the future. Therefore no SFE-based assessment rate is calculated.

Commercial Properties
SFE values for commercial land uses are based on th e equivalence of special benefit on a land area basis between single family residential property an d the average commercial property. The SFE values for various commercial land uses are further defined by using average employee densities because the special benefit factors described previ ously can be measured by the average number of people who work at commercial properties.

In order to determine employee density factors, the findings from the San Diego Association of Governments Traffic Generators Study (the “SANDAG S tudy”) are used because these findings were approved by the State Legislature as being a g ood representation of the average number of employees per acre of land area for commercial prop erties. As determined by the SANDAG Study, the average number of employees per acre for general commercial property is 24.

In comparison, the average number of people residin g in a single family home in the area is 3.21.

Since the average lot size for a single family home in the District is approximately 0.12 acres, the average number of residents per acre of residential property is 26.8.

The employee density per acre is roughly equal to ( or 0.9 times) the population density of single family residential property per acre (24 employees per acre / 26.8 residents per acre). However, the benefit derived by employees on commercial properti es is less than that derived by a resident on residential property, generally due to less time of use of services and Improvements. The Assessment Engineer determines that this factor is 0.5 for commercial to 1 for residential. Table 2 below shows the average employees per acre of land area or portion thereof for various types of commercial properties and lists the relative SFE fa ctors per 0.12 acre for properties in each land use category.
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Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
21 Commercial properties in excess of 5 acres generall y involve uses that are more land intensive relative to building areas and number of employees (lower coverage ratios). As a result, the benefit factors for commercial property land area in excess of 5 acres is determined to be the SFE rate per

0.12 acre for the first 5 acres and the relevant SFE rate per each additional acre over 5 acres.

Table 2 – Commercial Density and Assessment Factors

Type of Commercial Land Use
Average
Employees
per Acre 1
SFE Unit
per

0.12 Acre
s

2 General Commercial

24 0.500
Office 3 68 1.420
Shopping Center 24 0.500

1. Source: San Diego Association of Governments Traffic Generators Study.

2. The SFE factors for commercial and industrial parce ls are applied by the 0.12 acre of land area or portion thereof. (Therefore, the minimum assessment for any assessable parcel in these categories is the SFE Units listed herein.) The rates apply up to first 5 acres of parcel size. Additional acreage i s benefited at the rate shown above per acre or portion thereof.

3. Currently there are no parcels in the District in t he Office category. This rate is included in the event General Commercial space is converted to Office space.

Vacant/Undeveloped Properties
The benefit to undeveloped properties is determined to be proportional to the corresponding benefits for similar type developed properties, but at a lower rate due to the lack of improvements on the property. A measure of the benefits accruing to the underlying land is the average value of land in relation to Improvements for developed prop erty. An analysis of the assessed valuation data from the County of Orange found that approximately 55% of the assessed value of improved properties is classified as the land value. It is r easonable to assume, therefore, that approximately 55% of the benefits are related to the underlying l and and 45% are related to the improvements and the day-to-day use of the property. Using this rati o, the SFE factor for vacant/undeveloped parcels is 0.55 per parcel.

Other Properties
Article XIIID stipulates that publicly owned proper ties must be assessed unless there is clear and convincing evidence that those properties receive no special benefit from the Assessment.

All properties that are specially benefited are ass essed. Certain other publicly owned property that lie within the District boundaries, including Santiago Canyon College, Chapman Hills Elementary School, Santiago Hills Park, and City of Orange pub lic safety facility on East Fort Road, are not assessed. These are discussed below.

Santiago Canyon College: The College lies within th e District and certain Improvements lie on their property. Although the College is not assessed in this District, the College pays for any special 626
Engineer’s Report
City of Orange
Landscape Maintenance District No. 15-1
22 benefit through a separate agreement with the City, and that monetary contribution is shown in Table 1. In addition, all benefit attributable for the College property is included in the General Benefit calculation shown above.

Chapman Hills Elementary School: Any special benefi t attributable to the School buildings and parking lots are entirely offset by the benefit pro vided to the neighborhood by the outdoor fields.

This facility was also included in the list of regi onal facilities in the calculation of general benef it to properties inside the district that is indirect and derivative above.

Santiago Hills Park: Any special benefit attributab le to the Park is entirely offset by the benefit provided to the neighborhoods by park facilities. T his facility was also included in the list of regional facilities in the calculation of general b enefit to properties inside the district that is in direct and derivative above.

City of Orange Public Safety Facility on East Fort Road: Any special benefit received by this facility is entirely offset by the benefit provided back to the neighborhood similar to other in-lieu contributions to the General Benefit contributions that are funded by the City’s General Fund or other non-District funds.

Miscellaneous, small and other parcels such as road s, right-of-way parcels, and common areas typically do not generate significant numbers of em ployees, residents, customers or guests, and have limited economic value. These miscellaneous parcels receive minimal, if any, benefit from the Improvements and are assessed an SFE benefit factor of zero SFEs.

Annual Cost Indexing
The Assessment is subject to an annual adjustment t ied to the Consumer Price Index-U for the Los Angeles-Long Beach-Anaheim area as of December of e ach succeeding year (the “CPI”), with a maximum annual adjustment not to exceed 3%. Any cha nge in the CPI in excess of 3% shall be cumulatively reserved as the “Unused CPI” and shall be used to increase the maximum authorized assessment rate in years in which the CPI is less t han 3%. The maximum authorized assessment rate is equal to the maximum assessment rate in the firs t fiscal year the Assessment was levied adjusted annually by the minimum of either 3% or the change in the CPI plus any Unused CPI as described above.

Appeals of Assessments Levied to Property
Any property owner who feels that the Assessment le vied on the subject property is in error as a result of incorrect information being used to apply the foregoing method of assessment may file a written appeal with the City of Orange City Manager or his or her designee. Any such appeal is limited to correction of an Assessment during the t hen-current Fiscal Year and applicable law. Upon the filing of any such appeal, the City Manager or his or her designee will promptly review the appeal and any information provided by the property owner. If the City Manager or his or her designee finds that the Assessment should be modified, the a ppropriate changes shall be made to the Assessment Roll. If any such changes are approved after the Assessment Roll has been filed with the County for collection, the City Manager or his or h er designee is authorized to refund to the property owner the amount of any approved reduction . Any dispute over the decision of the City Manager or his or her designee shall be referred to the Orange City Council, and the decision of the City Council shall be final.
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City of Orange
Landscape Maintenance District No. 15-1
23 Assessment Funds Must Be Expended Within the District Area The net available Assessment funds, after incidenta l, administrative, financing and other costs shall be expended exclusively for Improvements within the boundaries of the District or as described herein, and appropriate incidental and administrati ve costs as defined in the Plans and Specifications section.
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24 ASSESSMENT
The amount to be paid for said Improvements and the expense incidental thereto, to be paid by the District for the Fiscal Year 2026-27 is generally as follows:

Table 3 – Summary Cost Estimate
For Landscape Maintenance District No. 15 -1
For Fiscal Year 2026-27

BUDGET ITEM COS
T

ANNUAL MAINTENANCE
Operating Expenses

$945,812
Salaries & Benefits $59,348
Administration and Project Management $75,308
Capital Expenses/ Revenues -
Total for Services $1,080,468
Less Other Revenue ($556,558)
Taken from Reserve Funds $122,247

Net Amount of Assessment $401,663
As required by the Act, an Assessment Diagram showi ng the exterior boundaries of the Improvement District is hereto attached and incorpo rated herein by reference. The distinctive number of each parcel or lot of land in the Distric t is its Assessor Parcel Number appearing on the Assessment Roll.
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Landscape Maintenance District No. 15-1
25 ASSESSMENT DIAGRAM
The parcels proposed to be assessed in Landscape Ma intenance District No. 15-1 are shown on the Assessment Diagram, which is on file with the City Clerk of the City of Orange, and includes all those properties included in the original formation of LMD No. 86-2. The following Assessment Diagram is for general location only and is not to be considered the official boundary map. The lines and dimensions of each lot or parcel within t he District are those lines and dimensions as shown on the maps of the Assessor of the County of Orange, for Fiscal Year 2026-2027, and are incorporated herein by reference, and made a part of this Diagram and this Report. 630
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Landscape Maintenance District No. 15-1
26 631
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Landscape Maintenance District No. 15-1
27 ASSESSMENT ROLL
An Assessment Roll (a listing of all parcels assess ed within the Assessment District and the amount of the Assessment) will be filed with the City Cler k and is, by reference, made part of this Report and is available for public inspection during norma l office hours at the City Hall at 300 East Chapman Avenue, Orange, California 92866.

Each lot or parcel listed on the Assessment Roll is shown and illustrated on the latest County Assessor records and these records are, by referenc e made part of this Report. These records shall govern for all details concerning the description of the lots or parcels. 632
Agenda Item
Orange City Council
Item #: 3.18. 5/12/2026 File #: 26-0178
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Approval of the Landscape Maintenance Assessment District 94-1 (Sycamore Crossing) Preliminary Engineer’s Report for Fiscal Year 2026-2027

2. SUMMARY
The City declares its intention to assess an annual levy, approve the Preliminary Engineer’sReport, and set a public hearing. Staff recommends no increase in the assessments for Fiscal Year 2026- 2027. The total assessment to be levied in Landscape Maintenance Assessment District 94-1 (Sycamore Crossing) will be $47,877.

3. RECOMMENDED ACTION

1. Adopt Resolution No. 11678. A Resolution of the City Council of the City of Orange regarding Landscape Maintenance Assessment District 94-1 (Sycamore Crossing) declaring its intention to provide for an annual levy and collection of assessments for Fiscal Year 2026-2027; set a time and place for a public hearing to receive public testimony on the foregoing matters and give preliminary approval to the certified Engineer’sReport for Landscape Maintenance Assessment District 94-1 (Sycamore Crossing).

4. FISCAL IMPACT
There is no direct fiscal impact to the City. The approval of the annual assessment will generate $47,877 in revenue with a proposed expenditure of $54,725 in the Sycamore Crossing Landscape Maintenance District Fund (293) will be included in the FY 2026-2027 Budget Adoption.

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology

6. DISCUSSION AND BACKGROUND
In 1995, Landscape Maintenance District No. 94-1 (LMD 94-1) was established to maintain the landscape and flood control improvements along Santiago Creek that were constructed by Tract No. 14752 (Sycamore Crossing). Resolution 8462 approved Conditional Use Permit 2088-94 for Tentative Tract 15053 (Sycamore Crossing) and Resolution 8463 approved Tentative Tract Map City of Orange Printed on 5/7/2026Page 1 of 2
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Item #: 3.18. 5/12/2026 File #: 26-0178
15053, which is part of Tract 14751.

Annually, a detailed accounting of expenses is completed, and a new assessment is calculated for the benefiting property owners. All assessments are recommended to remain the same for Fiscal Year 2026-2027 (FY27) as they are for the current fiscal year. The 124 units in the interior of the Tract are currently assessed at $293.08. The 36 units adjacent to the landscape improvement have a 2% premium and are currently assessed at $298.94 per unit. The senior citizen housing site is currently assessed at $597.88 per year. In addition, the City owns two lots within the District that pay into the District. The larger lot which remains as open space is assessed at $117.23 per year and the smaller lot for a future water well is $58.62 per year.

The total expenditure for FY27 is estimated to be $54,725. The proposed assessment will generate $47,877 in revenue. The projected year-end Reserve Fund balance is $141,505 and the District is funded entirely by annual assessment revenue. The deficit revenue between the annual assessment and the expenditure is $6,848. Reserve funds will be used to supplement any potential deficit in FY27 expenditures.

The attached Preliminary Engineer’sReport contains detailed information about the assessment. It is proposed to schedule the Public Hearing on June 9, 2026, at 6:00 p.m.at City Hall Council Chamber, 300 E Chapman Avenue, Orange, CA 92866.

7. ATTACHMENTS
· Resolution No. 11678
· Preliminary Engineer’s Report for the Annual Levy Assessment Landscape Maintenance District No. 94-1 Fiscal Year 2026-2027
City of Orange Printed on 5/7/2026Page 2 of 2
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634
Agenda Item
Orange City Council
Item #: 3.18. 5/12/2026 File #: 26-0178
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Approval of the Landscape Maintenance Assessment District 94-1 (Sycamore Crossing) Preliminary Engineer’s Report for Fiscal Year 2026-2027

3. RECOMMENDED ACTION

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology

6. DISCUSSION AND BACKGROUND
In 1995, Landscape Maintenance District No. 94-1 (LMD 94-1) was established to maintain the landscape and flood control improvements along Santiago Creek that were constructed by Tract No. 14752 (Sycamore Crossing). Resolution 8462 approved Conditional Use Permit 2088-94 for Tentative Tract 15053 (Sycamore Crossing) and Resolution 8463 approved Tentative Tract Map City of Orange Printed on 5/7/2026Page 1 of 2
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635
Item #: 3.18. 5/12/2026 File #: 26-0178
15053, which is part of Tract 14751.

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF ORANGE REGARDING LANDSCAPE
MAINTENANCE ASSESSMENT DISTRICT 94 -1
(SYCAMORE CROSSING) DECLARING ITS

INTENTION TO PROVIDE FOR AN ANNUAL

LEVY AND COLLECTION OF ASSESSMENTS
FOR FISCAL YEAR 2026 -2027; SET A TIME AN D

PLACE FOR A PUBLIC HEARING TO RECEIVE

PUBLIC TESTIMONY ON THE FOREGOING
MATTERS; AND GIVE PRELIMINARY
APPROVAL TO THE CERTIFIED ENGINEER’S

REPORT FOR LANDSCAPE MAINTENANCE
ASSESSMENT DISTRICT 94 -1 (SYCAMORE

CROSSING)

WHEREAS, the City Council of the City of Orange previously formed City of Orange Landscape Maintenance District No. 94 -1 (hereinafter “Maintenance District”) and desires to initiate proceedings for the levy of annual increased assessments in connection with the Maintenance District, pursuant to the provisions of the Landscaping and Lighting Act of 1972, Part 2 of Division 15 of the Streets and Highways Code of California, beginning with Section 22500 (hereinafter the “Act”), Government Code Section 53753 an d the provisions of the article 13D of the California Constitution (hereinafter “Article 13D”) and such constitutional provisions and statutes are referred to collectively as the “Applicable Law;” and

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange as follows:

637
2 SECTION I:

That the above recitals are all true and correct.

SECTION II:

SECTION III:

SECTION IV:

SECTION V:

The City shall give notice of the time and place of the public hearing to all property owners of record within the Maintenance District subject to a levy of assessment.

SECTION VI:

Notice is hereby given that Tuesday, June 9th, 2026, at 6:00 p.m. at City Hall, 300 E.

Chapman Avenue, Orange, CA 92866, is the time and place fixed by the City Council for hearing protests or objections in reference to the proposed annual levy of assessments for the Maintenance District in accordance with Government Code Section 53753 and Article 13D and to any other matters contained in this Resolution. Any persons who wish to object to the proceedings or the annual levy should file a written protest wi th the City Clerk prior to the time set for the public hearings.

SECTION VII:

For any and all information relating to these proceedings, including information relating to protest procedure, your attention is directed to the person designated below:

638
3 Tawnie Schraan, Senior Civil Engineer
City of Orange Public Works Department
P.O. Box 449 - 300 East Chapman Avenue
Orange, California 92866-0449
(714) 744-5528

ADOPTED this ____ day of ____________________, 2026

Daniel R. Slater, Mayor, City of Orange

ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney,
City of Orange

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.

CITY OF ORANGE )

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange

639
Engineer’s Report
City of Orange
Landscape Maintenance District No. 94-1
1 CITY OF ORANGE
PRELIMINARY ENGINEER’S REPORT

FOR THE ANNUAL LEVY ASSESSMENT

LANDSCAPE MAINTENANCE
DISTRICT NO. 94-1
FISCAL YEAR 2026-2027

LANDSCAPE MAINTENANCE DISTRICT NO. 94-1

SYCAMORE CROSSING

Intent Meeting: May 12, 202 6
Public Hearing: June 9, 202 6

LMD 94-1 Preliminary ER FY 2026-27
640
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3 Engineer’s Report
City of Orange
Landscape Maintenance District No. 94-1

TABLE OF CONTENTS
AFFIDAVIT FOR THE ENGINEER’S REPORT .......................................................... 2 INTRODUCTION ............................................................................................................. 4 PART I — PLANS AND SPECIFICATIONS ................................................................... 6 A. Description of the District ...................................................................................................... 6 B. Improvements and Services .................................................................................................... 6 PART II — METHOD OF APPORTIONMENT ............................................................ 7 A. Background ............................................................................................................................... 7 B. Method of Assessment ............................................................................................................ 7 C. Financial Analysis ..................................................................................................................... 9 PART III — DISTRICT BUDGET ................................................................................. 10 PART IV — DISTRICT DIAGRAMS .............................................................................. 12 PART V — ASSESSMENT ROLL ................................................................................... 14

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4 Engineer’s Report
City of Orange
Landscape Maintenance District No. 94-1

INTRODUCTION
Pursuant to the provisions of the Landscaping and Lighting Act of 1972, being Part 2 o f Division 15 of the California Streets and Highways Code, commencing wit h Section 22500 (hereafter referred to as the “1972 Act”), and in compliance with the substantive and p rocedural requirements of the California State Constitution Articles XIIIC and XIIID (hereafter referred to as the “California Constitut ion”) , the City Council of the City of Orange, County of Orange, State of California (hereafter referred to as “City”), in connection with the annual levy and collection o f assessments of the special benefit assessment district designated as:

Landscape Maintenance District No. 94-1
(hereafter referred to as the “District”), which includes all lots and parcels of land that specially benefit from the improvements within the District. This Engineer’s Report (hereafter referred to as “Report”) has been prepared in connection with the annual levy and collections of assessments for said District pursuant to Chapter 1, Article 4 of the 1972 Act.

This Report describes the District, the improvement s, and the proposed assessments to be levied in Fiscal Year 2026-2027 against properties in connect ion with the special benefits the properties will receive from the maintenance and servicing of the District improvements. The annual assessments to be levied on properties within the District will pr ovide a funding source for the continued operation and maintenance of local landscaping improvements installed in connection with the development of properties within the District. The assessments des cribed in this Report are based on an estimate of the direct expenditures, incidental expenses, and fund balances that will be necessary to maintain and service the improvements.

The word “parcel,” for the purposes of this Report, refers to an individual property assigned its own Assessor’s Parcel Number (APN) by the Orange County Assessor’s Office. The Orange County Auditor/Controller uses Assessor’s Parcel Numbers and specific Fund Numbers to identify properties to be assessed on the tax roll for the special benefit assessments.

This Report has been prepared and presented to the City Council to address any proposed changes to the District or improvements, if any, and the proposed budget and assessments for Fiscal Year 2026- 2027. The City Council will conduct a noticed public hearing to consider public testimonies, comments and written protests regarding the levy and collection of assessments for Fiscal Year 2026-2027. Upon conclusion of the public hearing, if majority protest does not exist the City Council may approve this Report (as submitted or amended) and levy the asses sments for Fiscal Year 2026-2027. In such case, the assessments for fiscal year 2026-2027 shall be submitted to the Orange County Auditor/Controller for inclusion on the property tax roll for each par cel. If the proposed annual assessments for this District exceed the maximum assessment described herein (as approved by the property owners), the new or increased assessment must be confirmed throu gh another property owner protest ballot proceeding before such an assessment may be imposed.
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5 Engineer’s Report
City of Orange
Landscape Maintenance District No. 94-1

This Report consists of five (5) parts:

Part I
Plans and Specifications: A description of the District boundaries and the improvements associated with the District. The District has been formed as a single benefit zone encompassing all properties within the territory identified as Landscape and Maintenance District No 94-1.

Part III
The District Budget: An estimate of the annual costs to operate, maintai n and service the landscaping and appurtenant facilities installed an d constructed as part of the development of properties within the District. This budget includes an estimate of anticipated direct maintenance costs and incidental expenses. The special benefit assess ments are based on the overall operation costs minus any costs that are considered general benefit. The proposed assessments for Fiscal Year 2026- 2027, and each subsequent year shall be based on th e estimated net annual cost of operating, maintaining and servicing the improvements for that fiscal year as well as funds to be collected in installments to perform maintenance activities that cannot be reasonably collected in a single fiscal year’s assessments.

Part V
Assessment Roll: A listing of the proposed assessment amounts to be levied on Assessor’s Parcel within the District for Fiscal Year 2026-2027. The proposed assessment amount for each parcel is based on the parcel’s proportional special benefit as outlined in the method of apportionment. 644
6 Engineer’s Report
City of Orange
Landscape Maintenance District No. 94-1

PART I — PLANS AND SPECIFICATIONS
A. Description of the District
The assessment district boundary is shown on a map entitled Assessment Diagram, Landscape Maintenance District No. 94-1, City of Orange, which is on file with the City Clerk of the City of Orange.

A reduced scale copy of the Diagram can be found in Part IV of this document.

All parcels of real property affected are more particularly described in maps prepared in accordance with Section 327 of the Revenue and Taxation Code, which are on file in the Office of the Orange County Assessor, and which are made a part of this report by reference.

B. Improvements and Services

Improvements and Services Permitted Pursuant to the 1972 Act The location of the works of improvement to be maintained under these proceedings is described as follows:

A. Lot E Tract 14752 - Generally a 23-foot wide strip of land along the northerly upper banks of Santiago Creek within Tract 14752;
B. Lot F Tract 14752 - Generally a 55-foot wide strip of land along the southerly upper banks of Santiago Creek with Tract 14752;
C. Lot C Tract 14752 - Generally an irregular shaped parcel adjacent to Lot F Tract 14752.

A general description of the works of improvement to be maintained under these proceedings are those generally described as follows:

A. Ornamental shrubs, trees, and ground cover
B. Habitat area including natural shrubs, trees, and ground cover C. Complete irrigation system including pipes, valves, sprinkler heads, and controller D. Soil cement erosion protection

The following items are excluded from the Maintenance District:

A. The center low flow channel of Santiago Creek.

B. Complete recreation trail/maintenance road including asphalt, signing, striping, and lighting.

Maintenance shall include, but not be limited to:

A. Repair, removal, or replacement of all or any part of any included improvement; B. Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, and treating for disease or injury; and C. The removal of trimmings, rubbish, debris, and other solid waste. 645
7 Engineer’s Report
City of Orange
Landscape Maintenance District No. 94-1

PART II — METHOD OF APPORTIONMENT
A. Background
The Landscaping and Lighting Act of 1972 provides t hat assessments may be apportioned by any formula or method, which fairly distributes costs a mong all lots or parcels within the district in proportion to the estimated benefits received. It i s necessary to identify the special benefit that th e Works of Improvement will render to the properties within the Assessment District. It is also necessary that the properties receive a special and direct benefit as distinguished from benefit to th e general public.

B. Method of Assessment
Identify the Special Benefit

First of all, it is necessary to identify the special benefit that the public improvement will render to the properties within the boundaries of Landscape Maint enance District No. 94-1. The improvements consist of landscaping and a recreation trail/maint enance road along the upper banks of Santiago Creek. The creek was a natural flood control channe l running through Tentative Tract 14752. As a condition for developing the tract, it was necessar y to improve the creek to provide 100-year flood protection consistent with the National Flood Insur ance Program. Alternative designs were looked at ranging from a concrete lined channel to a multi-use natural looking channel. The later was chosen to provide a visually pleasing channel with landsca ping along both banks, erosion control bank protection, a useful recreation trail and a maintenance road. An interesting biotic habitat was added to fulfill 404 & 401 permit requirements.

The Orange County Flood Control District owns and m aintains the center 96-foot wide low flow channel. The City of Orange owns and LMD 94-1 maintains 23 feet on the north side and 55 feet on the south side of the channel.

The special and direct benefits that each property owner will receive are:

• The Landscape Maintenance District fulfills the fin ancial obligation of the property owners to maintain the improvements in Santiago Creek installed by the Tract development and as required by Conditional Use Permit 2088-94, condition of app roval of Tract 15053 and the Development Agreement for Sycamore Crossing.
• A pleasing landscape visible at the entrance to the tract. • Enhanced desirability of district properties through association with the improvements. • Enhancement of the urban environment by providing open space and landscaping. • Necessary flood protection provided by the improvements. • Improved erosion resistance, dust control and fire prevention. • There are many homes in the District that back up t o Santiago Creek and the landscape improvement. Their back fences are made of wrought iron so they can enjoy the beauty and spaciousness of the landscape improvement.
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8 Engineer’s Report
City of Orange
Landscape Maintenance District No. 94-1

Prior to 2011, the recreation trail, which begins within the Tract boundary and provides direct access to Hart Park, a City park with numerous recreation facilities, was considered as a special benefit. The recreation trail has been extended through the District and is now incorporated into the City regional trail system. This altered the special benefit of t he recreation trail within the District. District f unds are no longer used for the maintenance of the trail pavement, stripping and rail safety fence.

Apportionment of Cost

In further making the analysis, it is necessary tha t the property owners receive a special and direct benefit distinguished from that of the general public. In this case, an in-depth analysis was made, and several factors are being used in the final method and spread of assessments. In analyzing the overall district, it is noted that there are two types of d evelopment. There are 160 single family detached residential units on the north side of Santiago Cre ek and a 1.385 acre commercial site on the south side recently developed with senior housing.

All 160 residential units are relatively the same except for the fact that 36 units back up to the landscape improvement. The developer has placed an approximat e 2% lot premium on these lots. This same differential was used in determining the assessment. A unit cost factor of 1.02 is assigned to these 3 6 units and the remaining 124 units have a cost facto r of 1.0. The commercial site has been developed as low income housing for senior citizens.

The unit cost for the current FY 2025-2026 is $293. 08 per unit for a total levy of $47,877.49. No increase is recommended for fiscal year 2026-2027. The levy will remain at $293.08. Therefore, the assessment levied on the 124 interior residential units will be $293.08, and for the 36 residential units along the channel it will be $298.94. In analyzing the special benefit to the senior citizen housing site we recognize the fact that seniors are generally not mobile enough to use the bike and pedestrian trail and therefore have limited access to the landscape improvement. The special benefit is limited to the visibility of the landscaping from the north facing units. With this in mind, a unit cost factor of 2. 04 was assigned to the seniors housing site and the assessment levied will be $597.88. Since the enactment of Prop 218, publicly owned property within the District is no longer exempt from assessment. There are two lots within the boundaries of the District that are owned by the City of Orange. One is a small lot to be used in the future for a domestic water well. The other is a larger lot that will some day be used for recreation purposes. The special benefi t to these lots is minimal at this time. A unit cos t factor of 0.20 is assigned to the well site and a unit cost factor of 0.40 to the recreation site. The City will be levied $58.62 and $117.23 respectively. The total of the assessments levied on all the parcels will be $47,877.49.

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9 Engineer’s Report
City of Orange
Landscape Maintenance District No. 94-1

C. Financial Analysis
The facilities, which are to be maintained by this landscape maintenance district, were installed by the developer of Tract No. 14752. The estimated costs of maintenance, operation, and administration of the facilities are shown in Part III.

Resolution 8462 approved Condition Use permit 2088- 94 for Tentative Tract 15053 and Resolution 8463 approved Tentative Tract Map 15053, which is a part of Tract 14751. Both resolutions contain the following condition:

“To the satisfaction of the City of Orange’s Public Works Department and City Engineer, prior to the recordation of Final Tract M ap 15053, the City shall form a landscape maintenance district which shall include the project for the purpose of levying and collecting an assessment to maintain the open space dedicated to the City by Tentative Tract 14752 and defining in Exhibit E- 1 of the development agreement for this project. Said assessment shall not exceed the sum of $28.00 per month per residential unit in the project but may increase an nually in accordance with the applicable increase maintenance cost index as provi ded in the Engineering News Record or such other comparable index as the partie s shall agree. The future homeowner’s contributions (financial payments) towards the maintenance of Santiago Creek open space shall be included in the disclosure requirement to future buyers.”

The individual 2026-2027 assessments, tabulated by Assessor's Parcel Number, are on file with the City Clerk of the City of Orange, and can be found in Part V, Assessment Roll.

The 1972 Act permits carrying forward surpluses or recovering deficits in subsequent fiscal years.

Costs for the District are reviewed annually and su bsequent year's assessments will be credited or debited, as necessary.

The total assessment to be levied for fiscal year 2026-2027 by the district is recommended to be $47,877.49. This assessment is the same as fiscal year 2025-2026.

The assessments for Landscape Maintenance District No. 94-1, City of Orange, have been apportioned in direct accordance with the special a nd direct benefits that each parcel receives from the maintenance, operation, and administration of the Works of Improvement. 648
Engineer’s Report
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Landscape Maintenance District No. 94-1
10 PART III — DISTRICT BUDGET
The following budget outlines the estimated costs to maintain the improvements for 2026-2027.

ANNUAL LEVY OF ASSESSMENT
LANDSCAPE MAINTENANCE DISTRICT NO. 94-1
City of Orange

ESTIMATED COSTS

OPERATION & MAINTENANCE FUND BALANCE FROM PRIOR YEA RS
Estimated Fund Balance as of April 2026 $141,505

The estimated budget necessary for the 2026-2027 Fiscal Year for the District is as follows:

BUDGET ITEM COST

ANNUAL MAINTENANCE
Salaries & Benefits

$8,478
Telephone $125
Water $8,050
Electricity $400
Landscape Maintenance $19,332
Landscape Repairs $7,347
Other Professional & Consulting $800
Contractual Services, Tree Trimming Contract $6,516
Contractual Services, Electrical Maintenance $0
Contractual Services, Misc. Contract Services $0
Office Supplies & Operating Expenses $150
City Administrative Services $3,527
TOTAL LANDSCAPE MAINTENANCE EXPENSES $54,725

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Engineer’s Report
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Landscape Maintenance District No. 94-1
11 FUNDS TO BE TAKEN FROM RESERVE $(6,848)

● This Budget Estimate is for the purpose of establis hing an Annual Assessment. It may vary from the adopted City Budge t. All assessments collected by the District may only be used for Dist rict expenditures regardless of the Budget Estimate.

BALANCE TO LEVY (maximum assessment) $47,877
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Engineer’s Report
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Landscape Maintenance District No. 94-1
12 PART IV — DISTRICT DIAGRAMS
The following diagram incorporates all parcels within the District, as the same existed at the time this Report was prepared. The combination of this map and the Assessment Roll contained in this Report constitute the Assessment Diagram for the Landscape and Maintenance District No. 94-1, also known as Sycamore Crossing.
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Engineer’s Report
City of Orange
Landscape Maintenance District No. 94-1
13 652
Engineer’s Report
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Landscape Maintenance District No. 94-1
14 PART V — ASSESSMENT ROLL
Parcel identification for each lot or parcel within the District is based on available parcel maps and property data from the Orange County Assessor’s Off ice, as they existed at the time this Engineer’s Report was prepared and the City Council adopted th e Resolution of Intention. A listing of the lots and parcels to be assessed within this District along with the assessment amounts is provided herein.

The following is a list of the parcels and proposed assessment amounts for Fiscal Year 2026-2027 for each of the parcels within the District as determin ed by the assessment rates and method of apportionment described herein:
653
Agenda Item
Orange City Council
Item #: 3.19. 5/12/2026 File #: 26-0258
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Authorization for the Director of Public Works to sign a grant agreement and related documents with the State Coastal Conservancy for the OC River Walk-Upland Habitat Restoration Design Project

2. SUMMARY
This resolution gives authority to the Director of Public Works to be the signing authority of grant documents related to the $1,472,000 in grant funding received from the California Coastal Conservancy for the Upland Habitat Restoration Project, a component of the larger OC River Walk project.

3. RECOMMENDED ACTION
Adopt Resolution No. 11679. A Resolution of the City Council of the City of Orange approving the grant of funds from the State Coastal Conservancy for the Upland Habitat Restoration Design Project and authorizing the Director of Public Works to sign a grant agreement and related documents.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology.

6. DISCUSSION AND BACKGROUND
The City has been an active participant in the OC River Walk project including participation in the establishment of a master plan for the project in 2021 and execution of a cooperative agreement for the project with the City of Anaheim in 2023. Specifically, the cornerstone for the City of Orange’s participation in the project is the development of improvements contemplated in the OC River Walk Master Plan on property, north of Katella Avenue, directly adjacent to the Stadium Prominade Shopping Center. This property is directly across the Santa Ana River from the Honda Center and the OC Vibe project. This project also has significance for the City’sefforts on economic revitalization for the West Katella Avenue area.

In late 2025, Public Works Department staff submitted a grant proposal to the California Coastal Conservancy for the OC River Walk-Upland Habitat Restoration Project along the Santa Ana River Trail (SART). This project is proposed as part of the larger OC River Walk Project which aims to transform a 1.7-mile stretch of the Santa Ana River (River) into a regional open space that connects City of Orange Printed on 5/7/2026Page 1 of 2
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Item #: 3.19. 5/12/2026 File #: 26-0258
surrounding communities to the natural resources of the River.

This phase of the project will develop plans to restore native upland habitat, improve access to the riverbank, and enhance flood control within an unused, undeveloped area next to the River and the SART. This work applies to property that the City has a lease option for from the Orange County Flood Control District as part of the Santa Ana River Trail development projects.

The design will improve the area into a more inviting open space that includes a segment of the SART, and create shaded rest areas, scenic overlooks, and gathering spaces. It will also reopen an adjacent 0.45-mile pedestrian trail. These improvements will reduce heat island effects, filter stormwater, restore habitat, and create a functional green space that promotes recreation, active transportation, and public health.

On April 23, 2026, the California Coastal Conservancy approved funding for the City’s proposed project in the amount of $1,472,000. This grant amount will fund the design phase of this project.

Staff anticipates being able to return to the California Coastal Conservancy for construction funding once design work is complete.

The City’sadoption of an Authorization Resolution is a requirement of the SCC grant and is needed to execute a grant funding agreement.

7. ATTACHMENTS
· Resolution No. 11679
· SCC City of Orange Funding Recommendation 04232026
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Agenda Item
Orange City Council
Item #: 3.19. 5/12/2026 File #: 26-0258
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Christopher Cash, Public Works Director

1. SUBJECT
Authorization for the Director of Public Works to sign a grant agreement and related documents with the California Coastal Conservancy for the OC River Walk-Upland Habitat Restoration Design Project

3. RECOMMENDED ACTION
Adopt Resolution No. 11679. A Resolution of the City Council of the City of Orange approving the grant of funds from the State Coastal Conservancy for the Upland Habitat Restoration design project and authorizing the Director of Public Works to sign a grant agreement and related documents.

4. FISCAL IMPACT
None.

5. STRATEGIC PLAN GOALS
Goal 5: Improve Infrastructure, Mobility, and Technology.

In late 2025, Public Works Department staff submitted a grant proposal to the California Coastal Conservancy for the OC River Walk-Upland Habitat Restoration Project along the Santa Ana River Trail (SART). This project is proposed as part of the larger OC River Walk Project which aims to transform a 1.7-mile stretch of the Santa Ana River (River) into a regional open space that connects City of Orange Printed on 5/7/2026Page 1 of 2
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Item #: 3.19. 5/12/2026 File #: 26-0258
surrounding communities to the natural resources of the River.

On April 23, 2026, the California Coastal Conservancy approved funding for the City’s proposed project in the amount of $1,472,000. This grant amount will fund the design phase of this project.

Staff anticipates being able to return to the California Coastal Conservancy for construction funding once design work is complete.

The City’sadoption of an Authorization Resolution is a requirement of the SCC grant and is needed to execute a grant funding agreement.

7. ATTACHMENTS
· Resolution No. 11679
· SCC City of Orange Funding Recommendation 04232026
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RESOLUTION NO. 11679

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF ORANGE APPROVING THE GRANT OF

FUNDS FROM THE STATE COASTAL

CONSERVANCY FOR THE UPLAND HABITAT

RESTORATION DESIGN PROJECT AND

AUTHORIZING THE DIRECTOR OF PUBLIC

WORKS TO SIGN A GRANT AGREEMENT AND

RELATED DOCUMENTS

WHEREAS, the Legislature of the State of California has established the State Coastal Conservancy (“Conservancy”) under Division 21 of the California Public Resources Code, and has authorized the Conservancy to award grants to public agencies and nonprofit organizations to implement the provisions of Division 21; and

WHEREAS, the Conservancy awards grants for projects that it determines are consistent with Division 21 of the Public Resources Code and with the Conservancy’s Strategic Plan and that best achieve the Conservancy’s statutory objectives, in light of limited funding; and

WHEREAS, at its April 23, 2026, meeting, the Conservancy adopted a resolution authorizing a grant to The City of Orange (“Grantee”) for the Upland Habitat Restoration Project (“the project”). The resolution was adopted by the Conservancy pursuant to and is included in the Conservancy April 23, 2026, staff recommendation, a copy of which is on file with the G rantee and with the Conservancy; and

WHEREAS, the Conservancy requires that the governing body of the grantee certify through a resolution that it approves the award of Conservancy grant funding and authorizes the execution by a representative of the Grantee of a grant agreement on terms and conditions required by the Conservancy grant agreement number to be determined.

NOW, THEREFORE, the City Council of the City of Orange does hereby resolve as follows:

1. Approves the award of grant funding from the Conservancy for the project.

2. Acknowledges that it has or will have sufficient funds to complete the project and, if any property is acquired as part of the project to operate and maintain the property, and, if any facilities are constructed as a part of the project, to operate and mai ntain the facilities for a reasonable period, not less than the useful life of the facilities.

3. Agrees to be bound by all terms and conditions of the grant agreement and any other agreement or instrument as may be required by the Conservancy and as may be necessary to fulfill the terms of the grant agreement and to complete the project.

4. Authorizes Department of Public Works Director or designee to negotiate and execute on behalf of the G rantee all agreements and instruments necessary to complete the 658
2 project and to comply with the Conservancy's grant requirements, including, without limitation, the grant agreement.

ADOPTED this ____ day of ____________________, 2026

Daniel R. Slater, Mayor, City of Orange

ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney,
City of Orange

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.

CITY OF ORANGE )

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange
659
660
661
662
663
664
665
Agenda Item
Orange City Council
Item #: 3.20. 5/12/2026 File #: 26-0158
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Monica Espinoza, Human Resources Director

1. SUBJECT
Letters of Understanding between the City of Orange and the Orange City Firefighters, Inc. Local 2384 of the International Union of Fire Fighters AFL-CIO, the Orange City Fire Management Association, the City of Orange Police Association, and the City of Orange Police Management Association

2. SUMMARY
Resolution No. 11680 establishes a Letter of Understanding between the City of Orange and the Orange City Firefighters, Inc. Local 2384 of the International Union of Fire Fighters AFL-CIO effective July 1, 2026 through and including June 30, 2027.

Resolution No. 11681 establishes a Letter of Understanding between the City of Orange and the Orange City Fire Management Association effective July 1, 2026 through and including June 30, 2027.

Resolution No. 11682 establishes a Letter of Understanding between the City of Orange and the City of Orange Police Association effective July 1, 2026 through and including June 30, 2027.

Resolution No. 11683 establishes a Letter of Understanding between the City of Orange and the City of Orange Police Management Association effective July 1, 2026 through and including June 30, 2027.

3. RECOMMENDED ACTION

1. Adopt Resolution No. 11680. A Resolution of the City Council of the City of Orange establishing a Letter of Understanding between the City of Orange and the Orange City Firefighters, Inc. Local 2384 of the International Association of Fire Fighters, AFL-CIO effective July 1, 2026 through and including June 30, 2027.

2. Adopt Resolution No. 11681. A Resolution of the City Council of the City of Orange establishing a Letter of Understanding between the City of Orange and the Orange City Fire Management Association effective July 1, 2026 through and including June 30, 2027.

3. Adopt Resolution No. 11682. A Resolution of the City Council of the City of Orange establishing a Letter of Understanding between the City of Orange and the City of Orange Police Association effective July 1, 2026 through and including June 30, 2027.

4. Adopt Resolution No. 11683. A Resolution of the City Council of the City of Orange City of Orange Printed on 5/7/2026Page 1 of 3
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4. Adopt Resolution No. 11683. A Resolution of the City Council of the City of Orange establishing a Letter of Understanding between the City of Orange and the City of Orange Police Management Association effective July 1, 2026 through and including June 30, 2027.

4. FISCAL IMPACT
Orange City Firefighters, Local 2384: The total cost is approximately $572,200, of which $550,700 is funded through the General Fund.

Orange City Fire Management Association: The total cost is approximately $41,800, of which all is funded through the General Fund.

City of Orange Police Association: The total cost is approximately $859,800, of which $858,800 is funded through the General Fund.

City of Orange Police Management Association: The total cost is approximately $265,700, of which $259,400 is funded through the General Fund.

These adjustments are included in the FY27 budget.

5. STRATEGIC PLAN GOALS
Goal 1: Maintain Strong Emergency and Safety Services
Goal 4: Improve Employee Retention and Recruitment

6. DISCUSSION AND BACKGROUND
In February 2026, the City began the collective bargaining process with the Orange City Firefighters, Local 2384, the Orange City Fire Management, the City of Orange Police Association, and the City of Orange Police Management Association, collectively the “Parties”.The current contracts between the Parties expire on June 30, 2026.

The Parties agree to incorporate these provisions into future Memoranda of Understanding in 2027.

Until such time, all specified terms and conditions of employment set forth within Memoranda of Understandings (MOUs) and Side Letter Agreements (SLA) within Resolution Nos. 11521, 11627, 11516, 11657, 11598, and 11493 shall remain in full force and effect through and including June 30, 2027. Elements of the one-year contract extension include:

TERM July 1, 2026 - June 30, 2027.

COMPENSATION Effective June 28, 2026, 3.0% cost of living adjustment to base salary effective June
28, 2026. Annual Salary Tables are
attached as Appendices A through D.

HOLIDAYS Add the third Monday in January as Martin
Luther King Jr. Holiday.

VACATION CONVERSION Modify vacation conversion provision pursuant to the Internal Revenue Code
Section 451 (Constructive Receipt).

PARITY AGREEMENT If the City of Orange Police Association (COPA) negotiates and receives any
additional base salary increases greater
than three percent (3%) during the term of
this Agreement, the same percentage
increases shall automatically be applied to
the base salaries of members of the
Orange City Firefighters, Inc. Local 2384 of
the International Association of Fire
Fighters AFL-CIO, the Orange City Fire
Management Association, and the City of
Orange Police Management Association.

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Item #: 3.20. 5/12/2026 File #: 26-0158
TERM July 1, 2026 - June 30, 2027.

COMPENSATION Effective June 28, 2026, 3.0% cost of living adjustment to base salary effective June
28, 2026. Annual Salary Tables are
attached as Appendices A through D.

HOLIDAYS Add the third Monday in January as Martin
Luther King Jr. Holiday.

VACATION CONVERSION Modify vacation conversion provision pursuant to the Internal Revenue Code
Section 451 (Constructive Receipt).

All groups took these terms to a vote of their membership and ratified the Tentative Agreement. City Council approval is required to finalize these agreements in the form of a Letter of Understanding.

7. ATTACHMENTS
· Attachment 1 Resolution No. 11680
· Attachment 2 Resolution No. 11681
· Attachment 3 Resolution No. 11682
· Attachment 4 Resolution No. 11683
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668
Agenda Item
Orange City Council
Item #: 3.20. 5/12/2026 File #: 26-0158
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Monica Espinoza, Human Resources Director

Resolution No. 11681 establishes a Letter of Understanding between the City of Orange and the Orange City Fire Management Association effective July 1, 2026 through and including June 30, 2027.

Resolution No. 11682 establishes a Letter of Understanding between the City of Orange and the City of Orange Police Association effective July 1, 2026 through and including June 30, 2027.

Resolution No. 11683 establishes a Letter of Understanding between the City of Orange and the City of Orange Police Management Association effective July 1, 2026 through and including June 30, 2027.

3. RECOMMENDED ACTION

4. Adopt Resolution No. 11683. A Resolution of the City Council of the City of Orange City of Orange Printed on 5/7/2026Page 1 of 3
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Item #: 3.20. 5/12/2026 File #: 26-0158

4. FISCAL IMPACT
Orange City Firefighters, Local 2384: The total cost is approximately $572,200, of which $550,700 is funded through the General Fund.

Orange City Fire Management Association: The total cost is approximately $41,800, of which all is funded through the General Fund.

City of Orange Police Association: The total cost is approximately $859,800, of which $858,800 is funded through the General Fund.

City of Orange Police Management Association: The total cost is approximately $265,700, of which $259,400 is funded through the General Fund.

These adjustments are included in the FY27 budget.

5. STRATEGIC PLAN GOALS
Goal 1: Maintain Strong Emergency and Safety Services
Goal 4: Improve Employee Retention and Recruitment

The Parties agree to incorporate these provisions into future Memoranda of Understanding in 2027.

TERM July 1, 2026 - June 30, 2027.

COMPENSATION Effective June 28, 2026, 3.0% cost of living adjustment to base salary effective June
28, 2026. Annual Salary Tables are
attached as Appendices A through D.

HOLIDAYS Add the third Monday in January as Martin
Luther King Jr. Holiday.

VACATION CONVERSION Modify vacation conversion provision pursuant to the Internal Revenue Code
Section 451 (Constructive Receipt).

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Item #: 3.20. 5/12/2026 File #: 26-0158
TERM July 1, 2026 - June 30, 2027.

COMPENSATION Effective June 28, 2026, 3.0% cost of living adjustment to base salary effective June
28, 2026. Annual Salary Tables are
attached as Appendices A through D.

HOLIDAYS Add the third Monday in January as Martin
Luther King Jr. Holiday.

VACATION CONVERSION Modify vacation conversion provision pursuant to the Internal Revenue Code
Section 451 (Constructive Receipt).

A RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF ORANGE ESTABLISHING A

LETTER OF UNDERSTANDING BETWEEN THE

CITY OF ORANGE AND THE CITY OF ORANGE
CITY FIREFIGHTERS, INC. LOCAL 2384 OF THE

INTERNATIONAL ASSOCIATION OF FIRE
FIGHTERS, AFL-CIO EFFECTIVE JULY 1, 2026
THROUGH AND INCLUDING JUNE 30, 2027

WHEREAS, the City of Orange, hereinafter referred to as “City”, and the Orange City Firefighters, Inc. Local 2384 of the International Association of Fire Fighters, AFL -CIO, hereinafter referred to as “Union”, collectively the “Parties”, have met and conferred in accordance with requirements of the Meyers-Milias-Brown Act; and

WHEREAS, the Parties have reached agreement on wages, hours, and other terms and conditions of employment effective July 1, 2026 through and including June 30, 2027 and the City Council desires to enter into a Letter of Understanding “LOU” setting forth specified terms and conditions of employment for the Union’s membership for the period of July 1, 2026 through and including June 30, 2027; and

WHEREAS, the Parties agree to incorporate the provisions of this LOU into a new Memorandum of Understanding “MOU” at a future date in 2027, and until then all specified terms and conditions of employment in Resolution No. 11627 remain operative; and

WHEREAS, all salary ranges for the classifications covered herein must be authorized by the City Council and published by the City in order for the salary range to be considered pension- reportable, pursuant to California Public Employees’ Retirement System law; and

WHEREAS, the City Council has consulted with the City Manager and Human Resources Director concerning the proposed employment terms contained in the attached LOU.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the attached LOU is approved and incorporated by reference as Exhibit A as though fully set forth herein and furthermore authorize staff to adjust the departmental salary and benefit accounts in the FY27 budget to reflect the cost of the contract provisions.

ADOPTED this ____ day of ____________________, 2026

Daniel R. Slater, Mayor, City of Orange

Attachment 1
672
2 ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney, City of Orange

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.

CITY OF ORANGE )

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange
673

EXHIBIT “A”

A LETTER OF UNDERSTANDING

ENTERED INTO BY AND BETWEEN THE CITY OF ORANGE AND
THE ORANGE CITY FIREFIGHTERS, INC. LOCAL 2384 OF THE INTERNATIONAL

UNION OF FIRE FIGHTERS, AFL-CIO
EFFECTIVE JULY 1, 2026 THROUGH AND INCLUDING JUNE 30, 2027

This Letter of Understanding “LOU” is entered into by and between the City of Orange (the “City”) and the Orange City Firefighters, Inc. Local 2384 of the International Association of Fire Fighters, AFL-CIO “Union”, collectively the “Parties”. The LOU contains agreed upon terms and conditions of employment of the Union, including salary and benefit adjustments, for the period of July 1, 2026, through and including June 30, 2027.

In February 2026, the City and Union met and engaged in the Meet and Confer process to establish its next contract. These discussions resulted in this LOU between the City and the Union, who have agreed to the following terms:

Term of Agreement
July 1, 2026 through June 30, 2027
Salary Increases
A three percent (3.0%) cost of living adjustment effective June 28, 2026 for all covered classifications as incorporated in Appendix A.

Holidays
Amend Article IX, Section 1 by adding the third Monday in January as Martin Luther King Jr.

Holiday.

Vacation - Constructive Receipt
Amend Article X, Section 3 Vacation Conversion to implement Constructive Receipt language pursuant to the Internal Revenue Code Section 451. Revised Article to read:

An employee may convert up to fifty percent (50%) of their current annual vacation accrual into cash in lieu of time off with pay on an annual basis . An employee requesting such a conversion may convert twice in a fiscal year, h owever, the total amount converted per fiscal year shall not exceed fifty percent (50%) of the employee’s annual accrual. Employees serving their initial hire probationary period shall not be eligible for vacation conversion.

On or before December 15, 2026, and every December 15th thereafter, a qualified employee who elects to cash out accrued vacation for the following year shall submit written request to the Human Resources Department stating their irrevocable election(s).

674

The City shall administer the cash out twice annually, starting in June 202 7 and every June and December thereafter. The City shall make the cash outs in the second paycheck in June and December. Such cash outs shall be paid at the employee’s net rate of pay.

Me-Too Parity Clause
In the event that the City of Orange Police Association (COPA) negotiates and receives any additional base salary increase(s) greater than three percent (3.0%) during the term of this Agreement, the same percentage increase(s) shall automatically be applied to the base salaries of members of the City Firefighters Local 2384 under the same effective date and terms.

Memorandum of Understanding
The Parties agree to incorporate the provisions contained in this LOU into a successor Memorandum of Understanding “MOU” in 2027 and further agree that all terms within the existing MOU remain operative.

The Parties agree that except as specifically modified by this Amendment that this Amendment shall not modify any previously negotiated and agreed upon Memorandum of Understanding and that all such terms and conditions contained therein shall remain in full for ce and effect ; notwithstanding the expiration of the term of any applicable MOU, Orange City Firefighters Local 2384 Management shall be entitled to the salary increases set forth in such LOU as provided in Appendix A.

Ratification and Execution
The Parties acknowledge that this L OU shall not be in full force and effect until ratified by the Union and adopted by the City Council of the City of Orange. Subject to the foregoing, this LOU is hereby executed by the authorized representative of the City and Orange City Firefighters Local 2384 and entered into on this _____ day of ________________, 2026.

CITY OF ORANGE ORANGE CITY FIREFIGHTERS, INC. LOCAL 2384 OF THE

INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS, AFL-CIO

Dated:________________________________ Dated:________________________________

By:__________________________________ By:___________________________________ Monica Espinoza, Human Resources Director Miguel Gonzalez, President

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney, City of Orange
675

APPENDIX A

ORANGE CITY FIREFIGHTERS, INC. LOCAL 2384 OF THE

INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS, AFL-CIO

ANNUAL SALARY RANGES

EFFECTIVE JUNE 28, 2026

3.00% Cost of Living Adjustment

CLASSIFICATION A/1 B/2 C/3 D/4 E/5
FIRE CAPTAIN $148,011
FIRE ENGINEER $104,306 $109,522 $114,997 $120,745 $126,777 FIRE INSPECTOR/INVESTIGATOR $139,396
FIRE SAFETY SPECIALIST $94,863 $99,609 $104,590 $109,819 $115,306 FIREFIGHTER $92,057 $96,668 $101,500 $106,568 $111,907

HAZARDOUS MATERIALS
SPECIALIST $104,825 $110,066 $115,566 $121,350 $127,419 PLAN EXAMINER $104,825 $110,066 $115,566 $121,350 $127,419

676
RESOLUTION NO. 11681

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF ORANGE ESTABLISHING A LETTER OF

UNDERSTANDING BETWEEN THE CITY OF

ORANGE AND THE ORANGE CITY FIRE

MANAGEMENT ASSOCIATION EFFECTIVE JULY
1, 2026 THROUGH AND INCLUDING JUNE 30, 2027

WHEREAS, the City of Orange, hereinafter referred to as “City”, and the Orange Fire Management Association, hereinafter referred to as “Association”, collectively the “Parties” have met and conferred in accordance with requirements of the Meyers-Milias-Brown Act; and

WHEREAS, the Parties have reached agreement on wages, hours, and other terms and conditions of employment effective July 1, 2026 through and including June 30, 2027 and the City Council desires to enter into a Letter of Understanding “LOU” setting forth specified terms and conditions of employment for the Association’s covered employees for the period of July 1, 2026 through and including June 30, 2027; and

WHEREAS, the City Council has consulted with the City Manager and Human Resources Director concerning the proposed employment terms contained in the attached LOU.

ADOPTED this ____ day of ____________________, 2026

Daniel R. Slater, Mayor, City of Orange

677
2 ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney, City of Orange

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.

CITY OF ORANGE )

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange
678

EXHIBIT “A”

A LETTER OF UNDERSTANDING

ENTERED INTO BY AND BETWEEN THE CITY OF ORANGE AND

THE ORANGE CITY FIRE MANAGEMENT ASSOCIATION
EFFECTIVE JULY 1, 2026 THROUGH AND INCLUDING JUNE 30, 2027

This Letter of Understanding “LOU” is entered into by and between the City of Orange (the “City”) and the Orange City Fire Management Association “Association”, collectively the “Parties”. The LOU contains agreed upon terms and conditions of employment of the Association, including salary and benefit adjustments, for the period of July 1, 2026, through and including June 30, 2027.

In March 2026, the City and Association met and engaged in the Meet and Confer process to establish its next contract. These discussions resulted in this LOU between the City and the Association, who have agreed to the following terms:

Holidays
Amend Article IX, Section 1(B) by adding the third Monday in January as Martin Luther King Jr.

Holiday.

Vacation Conversion - Constructive Receipt
Amend Article X, Section 3 Vacation Conversion to implement Constructive Receipt language pursuant to the Internal Revenue Code. Revised Article to read:

An employee may convert up to fifty percent (50%) of their current annual vacation accrual into cash in lieu of time off with pay on an annual basis. An employee requesting such a conversion may convert twice in a fiscal year, however, the total amount co nverted per fiscal year shall not exceed fifty percent (50%) of the employee’s annual accrual. Employees serving their initial hire probationary period shall not be eligible for vacation conversion.

The City shall administer the cash out twice annually, starting in June 2027 and every June and December thereafter. The City shall make the cash outs in the second paycheck in June and December. Such cash outs shall be paid at the employee’s net rate of pay.

679

Me-Too Parity Clause
In the event that the City of Orange Firefighters Local 2384 negotiates and receives any additional base salary increase(s) greater than three percent (3.0%) during the term of this Agreement, the same percentage increase(s) shall automatically be applied to the base salaries of members of the Orange City Fire Management Association under the same effective date and terms.

Ratification and Execution
The Parties acknowledge that this L OU shall not be in full force and effect until ratified by the Association and adopted by the City Council of the City of Orange. Subject to the foregoing, this LOU is hereby executed by the authorized representative of the City and Orange City Fire Management Association and entered into on this day of , 2026.

CITY OF ORANGE ORANGE CITY FIRE MANAGEMENT

ASSOCIATION

Dated:________________________________ Dated:________________________________

By:__________________________________ By:__________________________________ Monica Espinoza, Human Resources Director Robert J. Stefano, President

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney, City of Orange

680

APPENDIX A

ORANGE CITY FIRE MANAGEMENT ASSOCIATION

MONTHLY SALARY RANGES
EFFECTIVE JUNE 28, 2026

3.00% Cost of Living Adjustment

CLASSIFICATION A/1 B/2 C/3 D/4 E/5 F/6

EMERGENCY MEDICAL SERVICES
MGR $116,777 $122,735 $128,977 $135,564 $142,486 $149,729 FIRE BATTALION CHIEF $158,678 $166,798 $175,277 $184,226 $193,619 $203,495 SR EMERGENCY MEDICAL SVCS MGR $139,730 $146,874 $154,339 $162,225 $170,494 $179,195

681
1 RESOLUTION NO. 11682

A RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF ORANGE ESTABLISHING A

LETTER OF UNDERSTANDING BETWEEN THE

CITY OF ORANGE AND THE CITY OF ORANGE
POLICE ASSOCIATION EFFECTIVE JULY 1, 2026
THROUGH AND INCLUDING JUNE 30, 2027

WHEREAS, the City of Orange, hereinafter referred to as “City”, and the City of Orange Police Association bargaining unit , hereinafter referred to as “Association” , collectively the “Parties”, have met and conferred in accordance with requirements of the M eyers-Milias-Brown Act; and

WHEREAS, the Parties have reached agreement on wages, hours, and other terms and conditions of employment effective July 1, 2026 through and including June 30, 2027 and the City Council desires to enter into a Letter of Understanding “LOU” setting forth specified terms and conditions of employment for the Association’s covered employees for the period of July 1, 2026 through and including June 30, 2027; and

WHEREAS, the City Council has consulted with the City Manager and Human Resources Director concerning the proposed employment terms contained in the attached LOU.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the attached LOU is approved and incorporated by reference as Exhibit A as though fully set forth herein and furthermore authorizes staff to adjust the departmental salary and benefit accounts in the FY27 budget to reflect the cost of the contract provisions.

ADOPTED this ____ day of ____________________, 2026

Daniel R. Slater, Mayor, City of Orange

682
2 ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney, City of Orange

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.

CITY OF ORANGE )

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange

683

EXHIBIT “A”

A LETTER OF UNDERSTANDING

ENTERED INTO BY AND BETWEEN THE CITY OF ORANGE AND

THE CITY OF ORANGE POLICE ASSOCIATION
EFFECTIVE JULY 1, 2026 THROUGH AND INCLUDING JUNE 30, 2027

This Letter of Understanding “LOU” is entered into by and between the City of Orange (the “City”) and the City of Orange Police Association “Association”, collectively the “Parties”. The LOU contains agreed upon terms and conditions of employment of the Association, including salary and benefit adjustments, for the period of July 1, 2026, through and including June 30, 2027.

In March 2026, the City and the Association met and engaged in the Meet and Confer process to establish its next contract. These discussions resulted in this LOU between the City and the Association, who have agreed to the following terms:

Term of Agreement
July 1, 2026 through and including June 30, 2027
Salary Increases
A three percent (3.0%) cost of living adjustment effective June 28, 2026 , for all covered classifications as incorporated in Appendix A.

Holidays
Amend Article XIII Section 1(B) by increasing the annual holiday pay hours to one hundred and fifteen (115) hours. Amend Article XIII Section 2 by adding the third Monday in January as Martin Luther King Jr. Holiday to the list of observed holidays.

Vacation Conversion – Constructive Receipt
Amend Article XIV Section 3 Vacation Conversion to implement Constructive Receipt language pursuant to the Internal Revenue Code. Revised Article to read:

An employee may convert up to fifty percent (50%) of their current annual vacation accrual into cash in lieu of time off with pay on an annual basis. An employee requesting such a conversion may convert twice in a fiscal year, h owever, the total amount converted per fiscal year shall not exceed fifty percent (50%) of the employee’s annual accrual. Employees serving their initial hire probationary period shall not be eligible for vacation conversion.

The Parties agree that except as specifically modified by this Amendment that this Amendment shall not modify any previously negotiated and agreed upon Memorandum of Understanding and that all such terms and conditions contained therein shall remain in full for ce and effect ; notwithstanding the expiration of the term of any applicable MOU, COPA shall be entitled to the salary increases set forth in such LOU as provided in Appendix A.

Ratification and Execution
The Parties acknowledge that this L OU shall not be in full force and effect until ratified by the Association and adopted by the City Council of the City of Orange. Subject to the foregoing, this LOU is hereby executed by the authorized representative of the City and COPA and entered into on this _____ day of _______________, 2026.

CITY OF ORANGE CITY OF ORANGE POLICE ASSOCIATION

Dated:________________________________ Dated:________________________________

By:__________________________________ By: __________________________________ Monica Espinoza, Human Resources Director Yash Patel, Police Officer

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney, City of Orange

685

APPENDIX A

CITY OF ORANGE POLICE ASSOCIATION ANNUAL SALARY RANGES

EFFECTIVE JUNE 28, 2026

3.0% Cost of Living Adjustment

CLASSIFICATION A/1 B/2 C/3 D/4 E/5 F/6 G/7
CIVILIAN INVESTIGATIVE OFFICER $66,793 $70,205 $73,777 $77,547 $81,502 $85,655 $89,079 COURT LIAISON OFFICER $63,543 $66,781 $70,192 $73,777 $77,534 $81,489 $84,740 CRIME PREVENTION SPECIALIST $69,513 $73,060 $76,780 $80,698 $84,814 $89,140 $92,712 FORENSIC SVCS SPECIALIST $66,793 $70,205 $73,777 $77,547 $81,502 $85,655 $89,079 HOMELESS OUTREACH SPECIALIST $65,471 $68,820 $72,318 $76,014 $79,883 $83,961 $87,323 PARKING CONTROL OFFICER II $56,646 $59,550 $62,579 $65,780 $69,142 $72,652 $75,557 POLICE ADMINISTRATIVE ASST $60,453 $63,543 $66,781 $70,180 $73,764 $77,522 $80,624 POLICE ARMORER $60,453 $63,543 $66,781 $70,180 $73,764 $77,522 $80,624 POLICE CLERK $54,446 $57,214 $60,131 $63,209 $66,423 $69,809 $72,603 POLICE CODE ENFORCEMENT OFFICR $78,746 $82,763 $86,977 $91,415 $96,074 $100,981 $105,023 POLICE DISPATCH SHIFT SUPERVSR $80,328 $84,431 $88,732 $93,256 $98,015 $103,021 $107,136 POLICE DISPATCHER $73,431 $77,176 $81,119 $85,247 $89,598 $94,171 $97,941 POLICE JAILER $60,453 $63,543 $66,781 $70,180 $73,764 $77,522 $80,624 POLICE OFFICER $100,536 $105,678 $111,055 $116,715 $122,685 $128,927 $134,094 POLICE RECORDS CLERK $54,446 $57,214 $60,131 $63,209 $66,423 $69,809 $72,603 POLICE RECORDS SHIFT SUPERVISR $73,431 $77,176 $81,119 $85,247 $89,598 $94,171 $97,941 POLICE SERVICES OFFICER $60,453 $63,543 $66,781 $70,180 $73,764 $77,522 $80,624 POLICE SUBPOENAS/WARRANTS SPEC $60,453 $63,543 $66,781 $70,180 $73,764 $77,522 $80,624 POLICE TRAINING COORDINATOR $63,543 $66,781 $70,192 $73,777 $77,534 $81,489 $84,740 POLICE VOLUNTEER COORDINATOR $69,513 $73,060 $76,780 $80,698 $84,814 $89,140 $92,712 PROPERTY OFFICER $64,828 $68,128 $71,614 $75,260 $79,104 $83,121 $86,458 SENIOR POLICE CLERK $60,156 $63,221 $66,447 $69,834 $73,394 $77,139 $80,216 686
RESOLUTION NO. 11683

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF ORANGE ESTABLISHING A LETTER OF

UNDERSTANDING BETWEEN THE CITY OF

ORANGE AND THE CITY OF ORANGE POLICE

MANAGEMENT ASSOCIATION EFFECTIVE JULY
1, 2026 THROUGH AND INCLUDING JUNE 30, 2027

WHEREAS, the City of Orange, hereinafter referred to as “City”, and the City of Orange Police Management Association, hereinafter referred to as “Association” , collectively the “Parties”, have met and conferred in accordance with requirements of the M eyers-Milias-Brown Act; and

WHEREAS, the Parties have reached agreement on wages, hours, and other terms and conditions of employment effective July 1, 2026 through and including June 30, 2027 and the City Council desires to enter into a Letter of Understanding “LOU” setting forth specified terms and conditions of employment for the Association’s covered employees for the period of July 1, 2026 through and including June 30, 2027; and

WHEREAS, the City Council has consulted with the City Manager and Human Resources Director concerning the proposed employment terms contained in the attached LOU.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the attached LOU is approved and incorporated by reference as Exhibit A as though fully set forth herein and furthermore authorizes staff to adjust the departmental salary and benefit accounts in the FY27 budget to reflect the cost of the contract provisions.

ADOPTED this ____ day of ____________________, 2026

Daniel R. Slater, Mayor, City of Orange

Attachment 4
687
2 ATTEST:

Pamela Coleman, City Clerk, City of Orange

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney, City of Orange

STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.

CITY OF ORANGE )

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

Pamela Coleman, City Clerk, City of Orange

688

EXHIBIT “A”

A LETTER OF UNDERSTANDING

ENTERED INTO BY AND BETWEEN THE CITY OF ORANGE AND

THE CITY OF ORANGE POLICE MANAGEMENT ASSOCIATION EFFECTIVE JULY 1, 2026 THROUGH AND INCLUDING JUNE 30, 2027

This Letter of Understanding “LOU” is entered into by and between the City of Orange (the “City”) and the City of Orange Police Management Association “Association”, collectively the “Parties”.

The LOU contains agreed upon terms and conditions of employment of the Association, including salary and benefit adjustments, for the period of July 1, 2026, through and including June 30, 2027.

In February 2026, the City and the Association met and engaged in the Meet and Confer process to establish its next contract. These discussions resulted in this LOU between the City and the Association, who have agreed to the following terms:

Term of Agreement
July 1, 2026 through and including June 30, 2027
Salary Increases
A three percent (3%) cost of living adjustment effective Ju ne 28, 2026 for all covered classifications as incorporated in Appendix A.

Holidays
Amend Article XI(B) by increasing annual holiday pay hours to one hundred twenty (120) hours.

Amend Article XI(E) by adding the third Monday in January as Martin Luther King Jr. Holiday to the list of observed holidays.

Amend Article XI(C) to reflect that, effective July 1, 2026, holiday pay hours shall not be reported to CalPERS as special compensation for New Members (PEPRA) and is not pensionable compensation for New Members (PEPRA) pursuant to CalPERS Regulations, Section 571.1(b)(4).

Amend Article XI(C) to reflect that, effective January 1, 2027, covered employees considered New Members (PEPRA) will no longer have the ability to cash out holiday pay hours and shall receive their holiday pay hours in equal bi -weekly payments, and holiday pay hours shall be reported to CalPERS as special compensation and is pensionable compensation for New Members (PEPRA) pursuant to CalPERS Regulations, Section 571.1(b)(4).

Vacation Conversion
Amend Article XII Section 3 Vacation Conversion to implement Constructive Receipt language pursuant to the Internal Revenue Code. Revised Article to read:

exceed fifty percent (50%) of the employee’s annual accrual. Employees serving their initial hire probationary period shall not be eligible for vacation conversion.

Me-Too Parity Clause
In the event that the City of Orange Police Association negotiates and receives any other monetary compensation increase during the term of this Agreement, including but not limited to special ty pays, incentive pays, premium pays, stipends, educational incentives, certification pay, longevity pay adjustments, one-time payments, bonuses, uniform allowances, holiday pay, or any other form of compensation that increases total cash remuneration, such increase(s) shall likewise be provided to members of the City of Orange Police Management Association under the same effective date, percentage or monetary value, and equivalent terms and conditions, unless expressly excluded by mutual written agreement of the Parties.

For purposes of this provision, “monetary compensation increase” shall include any newly created pay category or enhancement to an existing pay category that results in additional compensation.

The Parties agree that except as specifically modified by this Amendment that this Amendment shall not modify any previously negotiated and agreed upon Memorandum of Understanding and that all such terms and conditions contained therein shall remain in full for ce and effect ; notwithstanding the expiration of the term of any applicable MOU, the Association shall be entitled to the salary increases set forth in such LOU as provided in Appendix A.

Ratification and Execution
The Parties acknowledge that this L OU shall not be in full force and effect until ratified by the Association and adopted by the City Council of the City of Orange. Subject to the foregoing, this LOU is hereby executed by the authorized representative of the City and the Association and entered into on this day of , 2026.

[Signatures on next page]

690

CITY OF ORANGE CITY OF ORANGE

POLICE MANAGEMENT ASSOCIATION

Dated:________________________________ Dated:________________________________

By:__________________________________ By: __________________________________ Monica Espinoza, Human Resources Director John Mancini, Police Lieutenant

APPROVED AS TO FORM:

Nathalie Adourian, City Attorney, City of Orange

691

APPENDIX A

POLICE MANAGEMENT ASSOCIATION ANNUAL SALARY RANGES

EFFECTIVE JUNE 28, 2026

3.0% Cost of Living Adjustment

CLASSIFICATION A/1 B/2 C/3 D/4 E/5 F/6 G/7 H/8
POLICE CAPTAIN $198,118 $208,241 $218,834 $230,007 $241,737 $254,060 $264,220 POLICE COMMUNICATIONS MANAGER $103,589 $108,892 $114,429 $120,275 $126,406 $132,845 $137,493 POLICE LIEUTENANT $162,287 $170,580 $179,257 $188,403 $198,020 $208,105 $220,589 $229,414 POLICE RECORDS MANAGER $103,082 $108,348 $113,860 $119,670 $125,775 $132,178 $136,813 POLICE SERGEANT $131,609 $138,345 $145,378 $152,794 $160,606 $168,776 $178,899 $186,055

692
Agenda Item
Orange City Council
Item #: 8.1. 5/12/2026 File #: 26-0082
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Russell Bunim, Community Development Director

1. SUBJECT
Public Hearing to consider the introduction and First Reading of an ordinance to update regulations for Residential Care Facilities and Daycare Homes to ensure consistency with State Law

2. SUMMARY
The proposed ordinance amends the Orange Municipal Code to bring the City’sregulations regarding Residential Care Facilities and Family Day Care Homes into compliance with State law, specifically the California Community Care Facilities Act (Health and Safety Code Sections 1500-1569.889) and Family Day Care Homes Act (Health and Safety Code Sections 1597.40-1597.46), and updates to related definitions and land use tables for consistency. Staff requests a continuance of the item to the May 26, 2026, Regular City Council meeting.

3. RECOMMENDED ACTION
Continue the Public Hearing to the May 26, 2026, Regular City Council Meeting.

4. ATTACHMENTS
· None
City of Orange Printed on 5/7/2026Page 1 of 1
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693
Agenda Item
Orange City Council
Item #: 8.1. 5/12/2026 File #: 26-0082
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Russell Bunim, Community Development Director

1. SUBJECT
Public Hearing to consider the introduction and First Reading of an ordinance to update regulations for Residential Care Facilities and Daycare Homes to ensure consistency with State Law

3. RECOMMENDED ACTION
Continue the Public Hearing to the May 26, 2026, Regular City Council Meeting.

4. ATTACHMENTS
· None
City of Orange Printed on 5/7/2026Page 1 of 1
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694
Agenda Item
Orange City Council
Item #: 8.2. 5/12/2026 File #: 26-0014
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Russell Bunim, Community Development Director

1. SUBJECT
Public Hearing to consider the Fiscal Year 2026-2027 Annual Action Plan for the Community Development Block Grant and HOME Investment Partnerships Programs

2. SUMMARY
Consideration and approval of proposed funding allocations for public projects, programs, economic development activities, and administrative expenses funded through the Community Development Block Grant and HOME Investment Partnerships Programs.

3. RECOMMENDED ACTION

1. Conduct and close Public Hearing.

2. Approve the draft Fiscal Year 2026-2027 Annual Action Plan and authorize the City Manager or his designee to execute the Fiscal Year 2026-2027 Memorandum of Understanding with City departments, Subrecipient Agreements with non-profit agencies, and all related U.S. Department of Housing and Urban Development documents.

3. Authorize staff to incorporate comments received at the Public Hearing and make non-material corrections to the Annual Action Plan, if required, before submitting to the Department of Housing and Urban Development.

4. FISCAL IMPACT
All public projects, programs, and administration will be fully funded by the Community Development Block Grant Fund (310) and HOME Investment Partnerships Program (317).

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Public Communication Strategy and Quality of Life

6. DISCUSSION AND BACKGROUND
The U.S. Department of Housing and Urban Development (HUD) requires jurisdictions that receive annual Community Development Block Grant (CDBG) or HOME Investment Partnerships (HOME) funding to prepare a Consolidated Plan (CP). The CP evaluates local housing and community development needs and establishes a data-driven, place-based framework to guide funding decisions. Implementation of the CP occurs through Annual Action Plans (AAPs), which identify specific actions and activities to address the priority needs outlined in the CP.

The City is currently preparing its 2026-2027 AAP, representing the second year of the 2025-2029 City of Orange Printed on 5/7/2026Page 1 of 4
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Item #: 8.2. 5/12/2026 File #: 26-0014
The City is currently preparing its 2026-2027 AAP, representing the second year of the 2025-2029 CP. The CP establishes five priority goals for the use of CDBG and HOME funds during fiscal years 2026-2030:

1. Economic Development

2. Homelessness

3. Affordable Housing

4. Public Programs

5. Public Infrastructure and Capital Improvement Projects Notice of Funding Availability
To align funding with these priorities, the City issued a Notice of Funding Availability (NOFA) on November 27, 2025. Applications were accepted through January 26, 2026, with technical assistance provided upon request. The City received nine applications for public service programs and one application for a public infrastructure project from the following organizations:

1. Assistance League

2. Boys & Girls Club of Central Orange Coast

3. Fair Housing

4. Families Forward

5. Friendly Center

6. Harm Reduction Circle

7. The Hub OC

8. Los Angeles Wealth and Opportunity Institute

9. Orange Police Department

10.Orange Public Works Department
Citizen Participation
The CDBG Committee (Committee) held a public hearing on February 12, 2026, during which applicants presented their proposals and responded to questions. The Committee reconvened on March 12, 2026, to deliberate and develop funding recommendations for City Council consideration.

These preliminary recommendations were based on estimated entitlement amounts of $910,000 for CDBG and $304,529 for HOME. The Committee’srecommendations are reflected in Column D of Attachment 1.

On April 10, 2026, the City received HUD’sofficial award letter confirming entitlement amounts of $998,622 for CDBG and $343,806.81 for HOME (Attachment 2). Based on these final allocations, staff adjusted the initial funding recommendations in accordance with the Committee’s direction should the entitlement be higher than estimated, as summarized below:
· Public Programs: excess of estimated funds to be distributed proportionally to each awarded program.
· Public Facilities and Infrastructure: difference to be allocated to the Business Assistance City of Orange Printed on 5/7/2026Page 2 of 4
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Item #: 8.2. 5/12/2026 File #: 26-0014
· Public Facilities and Infrastructure: difference to be allocated to the Business Assistance Program.

These revised funding recommendations are reflected in Column E of Attachment 1 and have been incorporated into the draft 2026-2027 AAP (Attachment 3).

Other updates to draft AAP
Furthermore, a HOME funded Affordable Housing activity has been added to the AAP to reserve funds for a future project. In accordance with HUD requirements, at least 15% of the annual HOME allocation will be set aside for projects developed by Community Housing Development Organizations (CHDOs) and is reflected in the updated AAP activity as a potential resource for future affordable housing development. Staff will return to the City Council at a later date with specific project recommendations for consideration.

The specific breakdown of funding for the HOME activities is reflected in Attachment 1.

Prior Year Resources
An analysis of prior year resources identified approximately $58,694 in unused prior year funds available for programming. Unused funds become available when a prior year funded project is completed under budget. HUD requires that all funds be fully accounted for in the AAP. Public service programs are subject to a cap of 15% of the annual CDBG entitlement and administrative costs are capped at 20%. Public Capital Improvement and Public Infrastructure projects are not subject to a funding cap and therefore the only qualifying category eligible for the additional funds.

As a result, staff recommends allocating $12,000 to the Public Works Street Rehabilitation and ADA Wheelchair Ramps Project for the project delivery costs related to consultant support services in developing the Environmental Review, public noticing, and Labor Compliance, including Section 3 reporting. Additionally, staff recommends the remaining $46,694 be allocated to the Business Assistance Façade Program, as the only other eligible activity not subject to a cap.

Accordingly, the total adjusted allocations for the qualifying projects are reflected in column F of Attachment 1, as follows:
· Business Assistance Façade Program: $141,716
· 26-27 Street Rehabilitation and ADA Wheelchair Ramp Replacement: $566,082 In addition, HOME has $251,762 in prior year resources to be allocated to future affordable housing projects, bringing that revised total to $509,617, reflected in Attachment 1. 30-Day Public Review Period
The draft 2026-2027 AAP was made available for public review and comment from April 9, 2026, through May 11, 2026, at City facilities and on the City’s website. As of this writing, no public comments have been received.

Recommendation
Staff recommends the draft 2026-2027 AAP for submission to HUD for approval.

7. ATTACHMENTS
· Attachment 1 Summary of Funding Recommendations
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Item #: 8.2. 5/12/2026 File #: 26-0014
· Attachment 2 Award Letter for Fiscal Year 2026-2027
· Attachment 3 Draft 2026-2027 Annual Action Plan
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698
Agenda Item
Orange City Council
Item #: 8.2. 5/12/2026 File #: 26-0014
TO: Honorable Mayor and Members of the City Council
THRU: Jarad Hildenbrand, City Manager
FROM: Russell Bunim, Community Development Director

1. SUBJECT
Public Hearing to consider the Fiscal Year 2026-2027 Annual Action Plan for the Community Development Block Grant and HOME Investment Partnerships Programs

3. RECOMMENDED ACTION

1. Conduct and close Public Hearing.

4. FISCAL IMPACT
All public projects, programs, and administration will be fully funded by the Community Development Block Grant Fund (310) and HOME Investment Partnerships Program (317).

5. STRATEGIC PLAN GOALS
Goal 3: Enhance Public Communication Strategy and Quality of Life

The City is currently preparing its 2026-2027 AAP, representing the second year of the 2025-2029 City of Orange Printed on 5/7/2026Page 1 of 4
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699
Item #: 8.2. 5/12/2026 File #: 26-0014
The City is currently preparing its 2026-2027 AAP, representing the second year of the 2025-2029 CP. The CP establishes five priority goals for the use of CDBG and HOME funds during fiscal years 2026-2030:

1. Economic Development

2. Homelessness

3. Affordable Housing

4. Public Programs

1. Assistance League

2. Boys & Girls Club of Central Orange Coast

3. Fair Housing

4. Families Forward

5. Friendly Center

6. Harm Reduction Circle

7. The Hub OC

8. Los Angeles Wealth and Opportunity Institute

9. Orange Police Department

These preliminary recommendations were based on estimated entitlement amounts of $910,000 for CDBG and $304,529 for HOME. The Committee’srecommendations are reflected in Column D of Attachment 1.

On April 10, 2026, the City received HUD’sofficial award letter confirming entitlement amounts of $998,622 for CDBG and $343,806.81 for HOME (Attachment 2). Based on these final allocations, staff adjusted the initial funding recommendations in accordance with the Committee’s direction should the entitlement be higher than estimated, as summarized below:
· Public Programs: excess of estimated funds to be distributed proportionally to each awarded program.
· Public Facilities and Infrastructure: difference to be allocated to the Business Assistance City of Orange Printed on 5/7/2026Page 2 of 4
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· Public Facilities and Infrastructure: difference to be allocated to the Business Assistance Program.

These revised funding recommendations are reflected in Column E of Attachment 1 and have been incorporated into the draft 2026-2027 AAP (Attachment 3).

The specific breakdown of funding for the HOME activities is reflected in Attachment 1.

Recommendation
Staff recommends the draft 2026-2027 AAP for submission to HUD for approval.

7. ATTACHMENTS
· Attachment 1 Summary of Funding Recommendations
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· Attachment 2 Award Letter for Fiscal Year 2026-2027
· Attachment 3 Draft 2026-2027 Annual Action Plan
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Estimated Actual Prior Year
$910,000.00 $998,622.00 Unused Funds
Public Services (15% of Grant) $136,500 $149,793 $0
Organization Program
Amount Requested for
2027
Recommended
Award Adjusted Award Adjusted Award
Assistance League Operation School Bell $20,000 $15,000 $16,462 Ineligible Boys & Girls Club of Central Orange Coast College Bound & Workforce Development $25,000 $6,500 $7,133 Ineligible Families Forward Families Forward Affordable Housing $24,000 $17,500 $19,204 Ineligible Friendly Center Friendly Mart $25,000 $17,500 $19,204 Ineligible Harm Reduction Circle PEV-Supported Mobile Peer Navigation & Outreach Program $11,000 $0 $0 Ineligible Hub OC The Hub OC Community Centers $50,000 $40,000 $43,895 Ineligible Los Angeles Wealth & Opportunity Institute Orange Empowerment Initiative $61,000 $0 $0 Ineligible Orange Police Department Bike Patrol Program $50,000 $40,000 $43,895 Ineligible $266,000 $136,500 $149,793 $149,793
Facilities and Construction $591,500 $649,104 $58,694
Organization Project
Amount Requested for
2026
Recommended
Award Adjusted Award Adjusted Award
Orange Public Works CDBG Fiscal Year 26-27 Street Rehabilitation and ADA Wheelchair Ramp Replacement
$554,082 $554,082 $554,082 $566,082
Business Assistance Program Business Façade Program $37,418 $37,418 $95,022 $141,716 $591,500 $591,500 $649,104 $707,798
Admin (20% of Grant) $182,000 $199,724 $0
Organization Program
Amount Requested for
2026
Recommended
Award Adjusted Award Adjusted Award
Fair Housing Foundation Fair housing services $25,000 $25,000 $25,000 Ineligible CDBG Administration Administration $157,000 $157,000 $174,724 Ineligible $182,000 $182,000 $199,724 $199,724
Activity Entitlement Breakdown Prior Year Resources Adjusted Total Administration 10% $34,380.68 Ineligible N/A
CHDO set-aside 15% $51,571.02 N/A N/A
Affordable Housing Developments $257,855.11 $251,762.00 $509,617.11 Total $343,806.81 $251,762.00 $595,568.81
Summary of Funding Breakdown for HOME Activities
Total Administration
Total Public Services
Total Facilities and Construction
Summary of the Funding Recommendations for CDBG 2026-2027 Program Year 703
704
705
Community Development Block Grant &
HOME Investment Partnerships Program
Draft
2026-2027 Annual Action Plan
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2 Table of Contents
Executive Summary ....................................................................................................................................... 3 AP-05 Executive Summary - 24 CFR 91.200(c), 91.220(b) ........................................................................ 3 PR-05 Lead & Responsible Agencies – 91.200(b) ...................................................................................... 5 AP-10 Consultation – 91.100, 91.200(b), 91.215(l) ................................................................................... 6 AP-12 Participation – 91.105, 91.200(c) ................................................................................................. 12 Expected Resources .................................................................................................................................... 14 AP-15 Expected Resources – 91.220(c)(1,2) ........................................................................................... 14 Annual Goals and Objectives ...................................................................................................................... 18 Projects ................................................................................................................................................... 22 AP-35 Projects – 91.220(d) ..................................................................................................................... 22 AP-38 Project Summary .......................................................................................................................... 24 AP-50 Geographic Distribution – 91.220(f) ............................................................................................. 32 Affordable Housing ..................................................................................................................................... 33 AP-55 Affordable Housing – 91.220(g) ................................................................................................... 33 AP-60 Public Housing – 91.220(h) ........................................................................................................... 35 AP-65 Homeless and Other Special Needs Activities – 91.220(i) ............................................................ 36 AP-75 Barriers to affordable housing – 91.220(j) ................................................................................... 39 AP-85 Other Actions – 91.220(k) ............................................................................................................ 40 Program Specific Requirements .................................................................................................................. 43 707
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3 Executive Summary
AP-05 Executive Summary - 24 CFR 91.200(c), 91.220(b)

1. Introduction
The City of Orange qualifies as an Entitlement Jurisdiction for Community Development Block Grant (CDBG) funds and a Participating Jurisdiction for HOME Investment Partnerships (HOME) funds. The U.S. Department of Housing and Urban Development (HUD) allocates these funds to the City annually. The FY 2026-27 Action Plan is the second Annual Action Plan of the 2025-2029 Consolidated Plan and provides a concise summary of the actions, activities, and the specific federal and other resources that will be used to address the priority needs identified by the Consolidated Plan.

2. Summarize the objectives and outcomes identified in the Plan The City of Orange conducted community needs assessment during the preparation of the five- year strategic plan (The 2025-2029 Consolidated Plan) and identified the following high priority needs:

1. Economic Development

2. Affordable Rental Housing

3. Public Services

4. Homeless Population Needs

5. Public Capital and Infrastructure Improvements

6. Fair Housing Services

7. Tenant Based Rental Assistance

3. Evaluation of past performance
The City and the CDBG Program Committee considered the past performance of the CDBG subrecipients when determining the allocation of CDBG funds to proposed FY 2026-27 activities. The CDBG Program Committee considered funding requests from nonprofit organizations based upon the proposed benefit to low- and moderate- income residents, their experience in carrying out the proposed activities, and meeting the CDBG requirements. CDBG funding was allocated only to activities that address the high priority needs of the 2025-2029 Consolidated Plan.

4. Summary of Citizen Participation Process and consultation process The City advertised the availability of CDBG funds on November 25, 2025, in the Orange City News and held two Public Hearings on March 12, 2026 (CDBG Program Committee), and May 12, 2026 (City Council) and one public meeting on February 12, 2026 (CDBG Committee). 708
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4 5. Summary of public comments
The 30-day public review period for the Draft Action Plan started Thursday, April 9, 2026 and ended on Monday, May 11, 2026. However, the City continued to accept public comments up until submittal to HUD. No public comments were received during the public review period.

6. Summary of comments or views not accepted and the reasons for not accepting them.

No comments or views were received.

7. Summary
The City allocated the CDBG funds to primarily benefit low- and moderate- income households. The CDBG beneficiaries are either income-qualified residents that receive direct services or residents of neighborhoods where at least 51 percent of the population is low and moderate Income.

The City received the following amounts for FY 2026-27:

1. CDBG - $998,622

2. HOME - $343,806.81
See Section AP-35 Projects for a detailed description of each activity. Below is a summary of the CDBG activities and allocations:
 Program Administration - $194,724 in CDBG funds for program administration and fair housing activities.
 Public Facilities - $649,104 in CDBG funds for street improvements, ADA ramps, and business assistance.
 Public Services - $149,793 in CDBG funds for public services activities.

For the HOME funds, the City is considering applications for subsidy gap assistance for affordable housing development proposals received. Eligible proposals will be subject to CDBG Program Committee review and City Council approval. HOME specific percentage cap requirements for the HOME Allocation of $343,806.81 and the amounts planned for Administration, and caps are calculated as follows:
 Program Administration - $34,380.68 in HOME funds for the planning and administration of the program.
 Community Housing Development Organization (CHDO) Set-Aside - $51,571.02 for affordable housing developments by a CHDO.
 Affordable Housing Development - $257,855.11 for affordable housing development. 709
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5 PR-05 Lead & Responsible Agencies – 91.200(b)

1. Agency/entity responsible for preparing/administering the Consolidated Plan Describe the agency/entity responsible for preparing the Consolidated Plan and those responsible for administration of each grant program and funding source.

Agency Role Name Department/Agency
CDBG Administrator ORANGE Community Development
Department
HOME Administrator ORANGE Community Development
Department
Table 1 – Responsible Agencies
Narrative (optional)
Consolidated Plan Public Contact Information
Jessica Herrera
Housing Manager
Community Development Department
300 East Chapman Avenue, Orange, California 92866
Telephone: (714) 744-7270 Fax: (714) 744-7222
Email: [email protected]
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6 AP-10 Consultation – 91.100, 91.200(b), 91.215(l)

1. Introduction
The City advertised the availability of CDBG funds, solicited input from nonprofit agencies, and encouraged resident participation in the development of the FY 2026–27 Action Plan through multiple outreach methods. These efforts included publication of a notice in the Orange City News, posting information on the City’s website, and direct email notification to local nonprofit agencies.

Provide a concise summary of the jurisdiction’s activities to enhance coordination between public and assisted housing providers and private and governmental health, mental health and service agencies (91.215(l))
The City maintains ongoing coordination with public and assisted housing providers, as well as private and governmental health, mental health, and social service agencies. The City works closely with the Orange County Housing Authority to support housing programs and ensure access to resources for low- and moderate-income residents.

The City is served by major regional healthcare providers, including UC Irvine Medical Center, Children’s Hospital of Orange County (CHOC), and St. Joseph Hospital of Orange. To strengthen access to healthcare, the City supported the development of new medical office facilities on both the St. Joseph and CHOC campuses. The St. Joseph facility, completed in 2024, focuses on women’s and family health services, while the CHOC outpatient facility, completed in 2025, expands access to pediatric care. Access to quality healthcare remains a priority, particularly for residents in assisted housing.

The City also supports mental health services through coordination with the County of Orange, including efforts to establish facilities serving low-income individuals experiencing mental health challenges.

Additionally, the City allocated Senate Bill 104 funds to support services at the Hub Resource Center (HRC), located in the City of Orange. The HRC provides coordinated access to housing, health, and supportive services for vulnerable populations. Services include on-site consultations with public and private agencies, case management, and referrals to housing resources. Key partners include the Orange Police Department’s Homeless Engagement Assistance & Resources Team (HEART), Volunteers of America (VOA), and the Orange County Health Care Agency.

Describe coordination with the Continuum of Care and efforts to address the needs of homeless persons (particularly chronically homeless individuals and families, families with children, veterans, and unaccompanied youth) and persons at risk of homelessness.

The County of Orange serves as the lead agency for the Continuum of Care (CoC) system. The City supports the County’s efforts to implement coordinated and effective programs addressing the needs of individuals and families experiencing homelessness, including chronically homeless persons, veterans, families with children, and unaccompanied youth. 711
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7 The City collaborates with the Orange County Housing Authority in support of funding applications and programs that address homelessness and housing instability. In addition, the City utilizes Senate Bill 104 funds to support the Hub Resource Center, where CoC services are centralized to improve accessibility and service coordination. Through the HRC, CoC partners provide on-site consultations, facilitate connections to housing and supportive services, and assist with transportation and follow-up care as needed.

Describe consultation with the Continuum(s) of Care that serves the jurisdiction's area in determining how to allocate ESG funds, develop performance standards for and evaluate outcomes of projects and activities assisted by ESG funds, and develop funding, policies and procedures for the operation and administration of HMIS The City of Orange is not a recipient of ESG funds.

2. Describe Agencies, groups, organizations, and others who participated in the process and describe the jurisdiction’s consultations with housing, social service agencies and other entities
N/A
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8 Table 2 – Agencies, groups, organizations who participated 1 Agency/Group/Organization Assistance League of Orange Agency/Group/Organization Type Services - Children
Services - Education
What section of the Plan was addressed by
Consultation?
Anti-poverty strategy
Non-Housing Community Development Needs
Briefly describe how the
Agency/Group/Organization was consulted. What
are the anticipated outcomes of the consultation or
areas for improved coordination?
The City consulted the appropriate agencies for the development of the FY 2026-27 Action Plan through holding a series of meetings and public hearings before the CDBG Committee and the City Council. The outcome of these consultations is the result of the proposed activities for funding with FY2026-27 CDBG funds.
2 Agency/Group/Organization Friendly Center, Inc.

Agency/Group/Organization Type Services - Children
Services - Elderly Persons
Services - Persons with Disabilities
Services – Education
Services – Employment
What section of the Plan was addressed by
Consultation?
Anti-poverty strategy
Non-Housing Community Development Needs
Briefly describe how the
Agency/Group/Organization was consulted. What
are the anticipated outcomes of the consultation or
areas for improved coordination?
The City consulted the appropriate agencies for the development of the FY 2026-27 Action Plan through holding a series of meetings and public hearings before the CDBG Committee and the City Council. The outcome of these consultations is the result of the proposed activities for funding with FY2026-27 CDBG funds.
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9 3 Agency/Group/Organization Fair Housing Foundation
Agency/Group/Organization Type Service - Housing
Service - Fair Housing
What section of the Plan was addressed by
Consultation?
Barriers to affordable housing
Briefly describe how the
Agency/Group/Organization was consulted. What
are the anticipated outcomes of the consultation or
areas for improved coordination?
The City consulted the appropriate agencies for the development of the FY 2026-27 Action Plan through holding a series of meetings and public hearings before the CDBG Committee and the City Council. The outcome of these consultations is the result of the proposed activities for funding with FY2026-27 CDBG funds.
4 Agency/Group/Organization Boys & Girls Club of Central Orange Coast Agency/Group/Organization Type Services – Children
Services – Education
Services – Employment
Services - Health
What section of the Plan was addressed by
Consultation?
Non-Housing Community Development
Briefly describe how the
Agency/Group/Organization was consulted. What
are the anticipated outcomes of the consultation or
areas for improved coordination?
The City consulted the appropriate agencies for the development of the FY 2026-27 Action Plan through holding a series of meetings and public hearings before the CDBG Committee and the City Council. The outcome of these consultations is the result of the proposed activities for funding with FY2026-27 CDBG funds.

Agency/Group/Organization Families Forward
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10 5 Agency/Group/Organization Type Housing
Services – Housing
Services – Homeless
Services – Health
Services – Education
Services - Employment
What section of the Plan was addressed by
Consultation?
Homelessness Needs Assessment
Homelessness Strategy
Briefly describe how the
Agency/Group/Organization was consulted. What
are the anticipated outcomes of the consultation or
areas for improved coordination?
The City consulted the appropriate agencies for the development of the FY 2026-27 Action Plan through holding a series of meetings and public hearings before the CDBG Committee and the City Council. The outcome of these consultations is the result of the proposed activities for funding with FY2026-27 CDBG funds.
6 Agency/Group/Organization The HUB OC
Agency/Group/Organization Type Services - Children
Services - Education
What section of the Plan was addressed by
Consultation?
Anti-poverty strategy
Non-Housing Community Development Needs
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11 Briefly describe how the
Agency/Group/Organization was consulted. What
are the anticipated outcomes of the consultation or
areas for improved coordination?
The City consulted the appropriate agencies for the development of the FY 2026-27 Action Plan through holding a series of meetings and public hearings before the CDBG Committee and the City Council. The outcome of these consultations is the result of the proposed activities for funding with FY2026-27 CDBG funds.

Identify any Agency Types not consulted and provide rationale for not consulting The City issued a Notice of Funding Availability inviting all eligible agencies to participate.

Other local/regional/state/federal planning efforts considered when preparing the Plan Name of Plan Lead Organization How do the goals of your Strategic Plan overlap with the goals of each plan? Continuum of Care County of Orange The City collaborates with the County of Orange to implement strategic goals and policies under the Continuum of Care.

Table 3 – Other local / regional / federal planning efforts Narrative (optional)
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12 AP-12 Participation – 91.105, 91.200(c)

1. Summary of citizen participation process/Efforts made to broaden citizen participation. Summarize citizen participation process and how it impacted goal-setting.

The City advertised the availability of CDBG and HOME funds, held public meetings, solicited input from nonprofit agencies, and encouraged residents to participate in the development of the FY 2026-27 Action Plan through a variety of methods. The feedback received through this process was considered when setting program goals.

Citizen Participation Outreach
Sort Order Mode of Outreach Target of Out
reach
Summary of
response/attendance
Summary of
comments received
Summary of comment
s not accepted
and reasons
URL (If
applicable)
1 Newspaper Ad
Non-
targeted/broa
d community
nonprofits
and city
departments
Notice of Funding
Availability was
published in Orange
City News on November
25, 2025, City's web
site.

N/A N/A N/A
2 Email
nonprofits
and city
departments
Notice of Funding
Availability was emailed
to nonprofit agencies
on the City's CDBG

N/A N/A N/A
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13 Table 4 – Citizen Participation Outreach
Program interest list
and those who
expressed interest.
3 Public Hearing
Non-
targeted/broa
d community
nonprofit
agencies and
city
departments
The CDBG Committee
held a public hearing on
March 12, 2026 with
representatives from
nonprofit agencies to
receive presentations
on the project/program
proposals by nonprofit
agencies and various
city departments.

Agencies in
attendance
discussed programs,
projects, and
community needs.

N/A N/A
4 Public Meeting
Non-
targeted/broa
d community
nonprofit
agencies and
city
departments
The CDBG Program
Committee held a
public meeting on
February 12, 2026 to
discuss funding
recommendations on
the project/program
proposals by nonprofit
agencies and various
city departments.

The CDBG
committee
discussed programs
and projects and
developed funding
recommendations
with contingencies
for the final
allocation
announcement.

N/A N/A
5 Public Hearing
Non-
targeted/broa
d community
nonprofit
agencies and
city
departments
The City Council held a
public hearing on May
12, 2026 to review and
approve the FY2026-27
AAP draft funding
recommendations.

No public comments
were received at the
public hearing.

N/A N/A
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14 Expected Resources
AP-15 Expected Resources – 91.220(c)(1,2)
Introduction
The primary objective of the Community Development Block Grant (CDBG) program is to develop viable urban communities by providing decent housing, a suitable living environment, and expanded economic opportunities, principally for low- and moderate-income persons in accordance with Title I of the Housing and Community Development Act of 1974, as amended.

The City allocates CDBG funds to eligible activities that address identified community needs and national objectives, including but not limited to fair housing services, economics development, public services, and public infrastructure improvements such as street enhancements.

Eligible activities under the HOME Investment Partnerships (HOME) Program include, but are not limited to, acquisition, rehabilitation, new construction of affordable housing, homebuyer assistance, and tenant-based rental assistance. The City will prioritize the use of HOME funds for activities that increase and preserve the supply of affordable housing, including acquisition, rehabilitation, and development of affordable rental housing, in accordance with 24 CFR Part 92.

To achieve its housing and community development priorities, the City will utilize a combination of federal, State, and local funding resources, as available. The allocation of these resources is based on project-specific factors, including feasibility, funding availability, and alignment with identified needs and priorities. The City will strategically leverage CDBG, HOME, and other available funding sources to maximize program impact, promote cost-effectiveness, and increase the number of households served.

The funding amounts and uses identified in the following table represent anticipated allocations and potential eligible activities. Actual funding decisions will be made on an annual basis through the Action Plan process and may not include all eligible categories listed. The City retains the flexibility to adjust funding allocations in response to changing community needs, funding levels, and program requirements.
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15 Anticipat
ed
Resource
s
Program
Sourc
e of
Funds
Uses of
Funds
Expected Amount Available Year 5 Expected
Amount
Available
Remaind
er of
ConPlan
$
Narrative
Description
Annual
Allocatio
n: $
Program
Income: $
Prior Year
Resources:
$
Total:
$
CDBG public
-
feder
al
Acquisition
Admin and
Planning
Economic
Development
Housing
Public
Improvement
s
Public
Services
$998,622 $0 $58,694
$1,057,31
6 $2,457,00
0 The City
allocates CDBG
funds for a
variety of
activities
including fair
housing
services, street
improvements,
and public
services.
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16 Anticipat
ed
Resource
s
Program
Sourc
e of
Funds
Uses of
Funds
Expected Amount Available Year 5 Expected
Amount
Available
Remaind
er of
ConPlan
$
Narrative
Description
Annual
Allocatio
n: $
Program
Income: $
Prior Year
Resources:
$
Total:
$
HOME public
-
feder
al
Acquisition,
Homebuyer
assistance,
Homeowner
rehab,
Multifamily
rental new
construction,
Multifamily
rental rehab,
New
construction
for
ownership,
and
TBRA
$343,806
.81 $0 $251,762
$595,568.
81 $822,228.
30 The City
allocates
HOME funds
for the
acquisition,
rehabilitation,
or
development
of affordable
rental housing.

Additionally,
Tenant-based
rental
assistance will
be a new
activity in the
new program
year.

Table 5 - Expected Resources – Priority Table
Explain how federal funds will leverage those additional resources (private, state and local funds), including a description of how matching requirements will be satisfied.

The City utilizes CDBG and HOME funds as foundational resources to support housing and community development activities and to leverage additional public and private investment. Through strategic coordination and funding alignment, the City maximizes the 721
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17 impact of federal resources by combining them with State, local, and private funding sources.

In addition to CDBG and HOME funds, the City accesses a variety of complementary funding sources to address identified needs. These include former Redevelopment Agency housing set-aside funds, which are used to support affordable housing development; Permanent Local Housing Allocation (PLHA) funds, which support regional efforts such as navigation centers serving individuals experiencing homelessness; and Senate Bill 104 (SB-104) funds which are used to provide supportive services to vulnerable populations, including persons experiencing homelessness. These resources are coordinated to expand the scope and effectiveness of eligible activities and to address gaps that cannot be met by federal funds alone.

The City also facilitates the leveraging of HOME funds by encouraging and supporting affordable housing developers in securing additional financing. Developers receiving HOME assistance are expected to pursue multiple funding sources, which may include Low- Income Housing Tax Credits (LIHTC), private debt and equity, State housing programs, and other local subsidies. This layered financing approach increases overall project feasibility and allows HOME funds to be used efficiently.

To meet HOME Program match requirement, the City utilizes eligible non-federal contributions, including local housing funds such as former Redevelopment Agency housing set-aside funds. The City has historically provided these funds in the form of loans to affordable housing developments, which qualify as eligible match contributions. The City will continue to monitor and document match contributions in accordance with HUD requirements to ensure ongoing compliance.

Through these coordinated efforts, the City enhances its ability to deliver affordable housing, supportive services, and community improvements while ensuring compliance with federal leveraging and match requirements.

If appropriate, describe publicly owned land or property located within the jurisdiction that may be used to address the needs identified in the plan.

Discussion
AP-35 lists all of the FY 2026-27 Community Development Block Grant projects. 722
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18 Annual Goals and Objectives
AP-20 Annual Goals and Objectives
Goals Summary Information
Please see next page.
723
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19 Sort
Order
Goal Name Star Year End
Year
Category Geographic
Area
Needs Addressing Funding Goal Outcome
Indicator
1 Economic
Development
2025 2029 Economic
Development
City of
Orange
Economic
Development
CDBG:
$95,022
Businesses
Assisted: 2
2 Affordable
Housing
2025 2029 Affordable
Housing
City of
Orange
Housing to low-
and moderate
income pe
HOME:
$309,426.13
11 HOME units
built
3 Public Service
Programs
2025 2029 Non-Housing
Community
Development
City of
Orange
Public services/
homelessness/
Non-homeless
special need
CDBG:
$149,793
HOME: $0
Public service
activities for
Low/Moderate
Income
Housing
Benefit: 1,825
Persons
Assisted
4 Public Facilities 2025 2029 Non-Housing
Community
Development
City of
Orange
Public Facilities
and
Infrastructure
Improvements
CDBG:
$554,082
HOME: $0
Public facility
or
infrastructure
activities for
low/moderate
income
housing
benefit: 4,813
households
assisted.
724
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20 5 Administration/
Planning
2025 2029 Administration City of
Orange
Planning and
Adminsration of
CDBG and HOME
funds, including
Fair Housing
Services
CDBG:
$199,724
HOME:
$34,380.68
Successful
administration
of program
year and
management
of funds.

Table 6 – Goals Summary
Goal Descriptions
1 Goal Name Economic Development
Goal
Description
Financial assistance to for-profit businesses for exterior building improvements in low- and moderate-income (LMA) areas.
2 Goal Name Affordable Housing
Goal
Description
Provide affordable housing to extremely low-, low-, and moderate-income households. 3 Goal Name Homelessness
Goal
Description
Addressing homelessness by providing housing units to homeless families. 4 Goal Name Community Development - Public Service Programs Goal
Description
Services for low to moderate income individuals and families, fair housing, resources for homeless individuals 5 Goal Name Community Development - Public Facilities
Goal
Description
Public facilities improvements: infrastructure improvements including sewers, ADA, sidewalks, streets, etc. 725
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21 6 Goal Name Tenant Based Rental Assistance
Goal
Description
Provide assistance to households experiencing or at risk of experiencing homelessness with a security deposit in
accordance with State Law and deposit assistance for establishing utilities. 7 Goal Name Administration/Planning
Goal
Description
Administration and planning for grant management.
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22 Projects
AP-35 Projects – 91.220(d)
Introduction
The FY 2026-27 Action Plan identifies priority housing and community development activities that will be undertaken to provide community services, public facilities, and decent, affordable housing to address the needs of low- and moderate-income residents.

Note each project below begins with one of the following codes to indicate the type of activity it is:

ED – Economic Development
PS – Public Service
PF – Public Facilities and Infrastructure
AD – Planning and Administration
Projects
# Project Name
1 PS – FHF Orange Fair Housing Program
2 PF – 26-27 Street Rehabilitation and ADA Wheelchair Ramp Replacement
3 ED – Business Assistance Facade Program
4 PS – Boys & Girls Club College Bound and Workforce Development 5 PS – Families Forward Affordable Housing Services
6 PS – The Hub OC Community Centers
7 PS – Bike Patrol Program - Community Oriented Policing 8 PS – Assistance League Operation School Bell
9 PS – Friendly Mart Community Food Orange
10 AH – Affordable Housing
11 AD – Planning and Administration
Table 7 - Project Information
Describe the reasons for allocation priorities and any obstacles to addressing underserved needs
The City allocates Community Development Block Grant (CDBG) funds in a manner that is consistent with the priorities and goals identified in the 2025–2029 Consolidated Plan and in compliance with applicable federal regulations. Funding decisions are guided by the overarching objective of benefiting low- and moderate-income persons and addressing the City’s highest 727
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23 priority community development and housing needs.

The City, in coordination with the CDBG Program Committee, evaluates funding requests from nonprofit and community-based organizations using established criteria. These criteria include the extent to which proposed activities meet a national objective, the level of benefit provided to low- and moderate-income residents, the applicant’s demonstrated administrative and programmatic capacity, the financial feasibility and cost-effectiveness of the proposed activity, and the availability of funding. Priority is given to programs and projects that address critical needs, demonstrate measurable outcomes, and leverage additional resources.

Despite these efforts, the City faces several obstacles in fully addressing underserved needs. The primary constraint is the limited availability of federal resources relative to the level of need, particularly in areas such as affordable housing, homelessness services, and public services.

Increasing construction and development costs, as well as limited availability of suitable sites, further constrain the City’s ability to expand affordable housing opportunities. Additionally, capacity limitations among smaller nonprofit service providers and increasing demand for services among vulnerable populations present ongoing challenges.

The City seeks to mitigate these obstacles by prioritizing high-impact activities, leveraging additional funding sources, and supporting partnerships with experienced service providers.

However, unmet needs may persist due to funding limitations and external market conditions beyond the City’s control.
728
Annual Action Plan
2026
24 AP-38 Project Summary
Project Summary Information
1 Project Name FHF Orange Fair Housing Program
Target Area CDBG eligible areas within the City of Orange Goals Supported Community Development – Public Services Program
Needs Addressed Fair housing counseling
Funding CDBG: $25,000
Description Providing Fair Housing Services to low and
moderate income Orange residents.

Target Date 6/30/2027
Estimate the number and type of
families that will benefit from
the proposed activities
150 low- and moderate-income persons
Location Description Low- and moderate-income areas.

Planned Activities The Fair Housing Foundation (FHF) will provide fair housing education, counseling, and
enforcement; and related housing activities to
affirmatively further housing laws on behalf of
the City to comply with federal regulations.

CDBG Matrix Code : 05J – Fair Housing Activities
(subject to public services cap)
2 Project Name FY26-27 Street Rehabilitation and ADA
Wheelchair Ramp Replacement
Target Area CDBG Eligible Areas within the City of Orange Goals Supported Community Development – Public Services Facilities
Needs Addressed Public Infrastructure improvements
Funding CDBG: $566,082
729
Annual Action Plan
2026
25 Description This project includes the construction of sidewalk access ramps at various locations throughout the
City. These access ramps will improve
accessibility for the disabled to comply with the
Americans with Disabilities Act.

Target Date 6/30/2028
Estimate the number and type of
families that will benefit from
the proposed activities
4,813 low- and moderate-income disabled
persons
Location Description Various city locations.

Planned Activities This project includes street rehabilitation improvements at the following locations:

Highland Street and Park Lane; Maplewood
Street and Madison Avenue; Killingsworth
Avenue and Malena Drive; Sherman Avenue and
Malena Drive; and Bennett Avenue and Malena
Drive. The project also includes the installation
and/or improvement of 18 ADA-accessible curb
ramps at various locations throughout the City,
including 12 full reconstructions and 6 truncated
dome replacements. These improvements will
enhance accessibility for persons with disabilities
and support compliance with the Americans with
Disabilities Act (ADA).

Final project locations and scope may be
adjusted based on field conditions, project
feasibility, and available funding, in accordance
with the City’s adopted Citizen Participation Plan.

CDBG Matrix Code : 03K – Street Improvements
3 Project Name Business Assistance Façade Program
Target Area City-wide
Goals Supported Economic Development
Needs Addressed Assistance to qualifying businesses in low- income areas for façade improvements for
economic development support.

Funding CDBG: $141,716
730
Annual Action Plan
2026
26 Description Assistance to qualifying businesses serving low- and moderate-income areas.

Target Date 6/30/2027
Estimate the number and type of
families that will benefit from
the proposed activities
2 business assisted
Location Description 300 E. Chapman Avenue
Planned Activities Assistance for façade improvements in low- and moderate-income areas.

CDBG Matrix Code : 18A – Economic
Development: Direct Financial Assistance to For-
Profit Businesses
4 Project Name Boys & Girls Club College Bound and Workforce Development
Target Area CDBG Eligible Areas within the City of Orange Goals Supported Community Development – Public Services Needs Addressed Public services for low- and moderate-income persons
Funding CDBG: $7,133
Description This program provides educational and
workforce development for low to moderate-
income youth. The services include college
readiness support and career development to
help youth transition from high school to post-
secondary education and employment, including
apprenticeship and job placement opportunities.

These services aim to improve educational
attainment for economically disadvantaged
youth and support long-term economic self-
sufficiency.

Target Date 6/30/2027
Estimate the number and type of
families that will benefit from
the proposed activities
100 low- and moderate-income persons
Location Description 340 N. Main Street
731
Annual Action Plan
2026
27 Planned Activities Youth development services including academic support, enrichment, reading skills, college
readiness, workforce development, and mental
health services.

CDBG Matrix Code : 05D – Youth Services
5 Project Name Families Forward Affordable Housing Services Target Area 67 W. Struck Avenue
Goals Supported Community Development – Public Services Program
Needs Addressed Supportive services to extreme low, low and moderate households
Funding $19,204
Description This program provides supportive services such as case management, housing navigation, and
coordination of services to support individuals
and families experiencing or at risk of
homelessness.

Target Date 6/30/2027
Estimate the number and type of
families that will benefit from
the proposed activities
130
Location Description 62-unit affordable housing complex Planned Activities Housing stability and supportive services include case management, housing navigation, and
coordination of services ranging from mental
health counseling, food, financial literacy, life
skills education, and career coaching for low-
income families who are experiencing
homelessness or at risk of homelessness.

CDBG Matrix Code : 05Z - Other Public Services
Not Listed in 03T and 05A-05Y
Project Name The Hub OC Community Centers
732
Annual Action Plan
2026
28 6 Target Area CDBG Eligible Areas within the City of Orange Goals Supported Community Development – Public Services Program
Needs Addressed Public Services for low to moderate income persons.

Funding CDBG: $43,895
Description Youth-focused educational and enrichment
services designed to strengthen academic
outcomes and long-term stability for children
living in low-income households in the City of
Orange. The program will operate at Lemon
Grove Apartments and Citrus Grove Apartments,
two affordable housing communities that
together are home to hundreds of families.

Target Date 6/30/2027
Estimate the number and type of
families that will benefit from
the proposed activities
175 low-income and at-risk youth.

Location Description 1120 N. Lemon Street, Orange, CA 92867 1148 N. Lemon Street, Orange, CA 92867
426 W. Almond Avenue, Orange, CA 92867
Planned Activities The program will provide youth tutoring and enrichment activities for at risk youth at
affordable housing communities in the City of
Orange.

CDBG Matrix Code : 05D - Youth Services
7 Project Name Bike Patrol Program - Community Oriented Policing
Target Area Low- and Moderate-Income Areas within the City of Orange
Goals Supported Community Development – Public Services Program
Needs Addressed Public services for homeless individuals and low- and moderate-income persons. Promotion of
crime awareness and prevention throughout the
community. CDBG funds will be used to pay for
community oriented policing.
733
Annual Action Plan
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29 Funding CDBG: $43,895
Description This program will provide a crime awareness and prevention program through a community-
oriented policing strategy designed to improve
the quality of life in high density housing located
in low - income areas of the City.

Target Date 6/30/2027
Estimate the number and type of
families that will benefit from
the proposed activities
10,000 low-income persons
Location Description City-wide qualifying CDBG areas
Planned Activities This program will provide a community-oriented policing strategy designed to improve the quality
of life in high density housing located in low -
income areas of the City.

CDBG Matrix Code : 05I – Crime Awareness
8 Project Name Assistance League Operation School Bell
Target Area CDBG Eligible Areas within the City of Orange Goals Supported Community Development – Public Services Program
Needs Addressed Public services for low to moderate income persons
Funding CDBG: $16,462
Description This program will provide school
clothing/uniforms, undergarments, shoe
vouchers, and hygiene kits to Low Income
elementary school (Kindergarten to Sixth Grade)
students in the Orange Unified School District
(OUSD).

Target Date 6/30/2027
Estimate the number and type of
families that will benefit from
the proposed activities
139 low- and moderate-income students
Location Description 124 South Orange Street
Orange, CA 92866
734
Annual Action Plan
2026
30 Planned Activities The program will provide school clothing and hygiene kits to Low Income OUSD elementary
school (Kindergarten to Sixth Grade) students.

CDBG Matrix Code : 05D - Youth Services
9 Project Name Friendly Mart Community Food Orange
Target Area CDBG Eligible Areas within the City of Orange Goals Supported Community Development – Public Services Program
Needs Addressed Public services for low-to-moderate income persons
Funding CDBG: $19,204
Description This program provides weekly free food
distributions to low-income residents to address
food insecurity and basic needs in the City.

Target Date 6/30/2025
Estimate the number and type of
families that will benefit from
the proposed activities
1050 low- and moderate-income persons
Location Description 147 West Rose Avenue
Orange, CA 92867
1820 North Meats Avenue
Orange, CA 92865
Planned Activities The program will provide fresh produce, non- perishable food, hygiene products at two
Friendly Center sites.

CDBG Matrix Code : 05W – Food Banks
10 Project Name Affordable Housing
Target Area City-Wide
Goals Supported Affordable Housing
Needs Addressed Affordable housing for income qualifying individuals and families
Funding HOME Developer Funds: $509,617.11
HOME CHDO: $51,571.02
735
Annual Action Plan
2026
31 Description Funds to be allocated to an affordable housing project that will assist income qualifying persons
in the City of Orange.

Target Date 06/30/2028
Estimate the number and type of
families that will benefit from
the proposed activities
2 Affordable Units
Location Description City-wide
Planned Activities Development of affordable housing units. 11 Project Name Planning and Administration
Target Area City of Orange
Goals Supported Administration/Planning
Needs Addressed Public facilities infrastructure and improvements; public services/homeless/non-homeless special
need; housing rehabilitation and development –
new construction.

Funding CDBG: $174,724
HOME: $34,380.68
Description Planning and administration of grant funding.

Target Date 6/30/2027
Estimate the number and type of
families that will benefit from
the proposed activities
Low to moderate income individuals throughout
the City of Orange.

Location Description 300 E Chapman Avenue
Planned Activities Administration and planning of grant funding.

CDBG Matrix Code : 21A – General Program
Administration
736
Annual Action Plan
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32 AP-50 Geographic Distribution – 91.220(f)
Description of the geographic areas of the entitlement (including areas of low-income and minority concentration) where assistance will be directed The City allocates CDBG funds to geographic areas that meet the criteria for low- and moderate- income (LMI) area benefit, as defined by HUD. These areas are identified based on the most recent available Census data and are characterized by concentrations of low- and moderate- income households.

Activities that qualify under the LMI area benefit national objective are primarily located within eligible census tracts and block groups where at least 51% of residents are low- and moderate- income. In addition, activities that provide direct benefit to individuals or households (limited clientele activities) are made available on a citywide basis, provided that beneficiaries meet HUD income eligibility requirements.

Geographic Distribution
Target Area Percentage of Funds
Low- and Moderate-Income Areas 100
Table 8 - Geographic Distribution
Rationale for the priorities for allocating investments geographically The City allocates CDBG funds geographically to ensure compliance with the national objective of benefiting LMI persons. Priority is given to projects located in or serving LMI areas, where needs related to infrastructure, accessibility, and public services are most pronounced.

This targeted approach enables the City to concentrate limited federal resources in areas with the greatest need, while also ensuring that eligible low- and moderate-income residents throughout the City have access to programs and services.

Discussion
The City primarily allocates CDBG funds to public facility and infrastructure improvements, including street and accessibility enhancements, located within eligible LMI areas. In addition, the City funds public service activities that benefit low- and moderate-income persons, including services provided on a citywide basis to income-qualified households.

Through this approach, the City ensures that all funded activities meet one of the CDBG national objectives and are consistent with the priorities identified in the Consolidated Plan. 737
Annual Action Plan
2026
33 Affordable Housing
AP-55 Affordable Housing – 91.220(g)
Introduction
During the needs assessment process, the City identified the provision and preservation of affordable housing as a high priority need. In response, the City prioritizes the use of CDBG and HOME funds for eligible housing activities to the extent feasible, consistent with program regulations and funding availability.

The City will continue to actively solicit and collaborate with affordable housing developers to support the acquisition, rehabilitation, and development of affordable housing projects during FY 2026–2027. Through these efforts, the City seeks to expand and preserve the supply of safe, decent, and affordable housing for low- and moderate-income households.

In addition, the Orange County Housing Authority will continue to administer Section 8 Housing Choice Voucher assistance within the City, providing rental assistance to approximately 337 low- income households. This program serves as a critical component of the City’s overall housing strategy by increasing housing affordability and access to private market rental units for eligible residents.

One Year Goals for the Number of Households to be
Supported
Homeless 0
Non-Homeless 11
Special-Needs 0
Total 11
Table 9 - One Year Goals for Affordable Housing by Support Requirement One Year Goals for the Number of Households Supported
Through
Rental Assistance 0
The Production of New Units 0
Rehab of Existing Units 0
Acquisition of Existing Units 0
Total 0
Table 10 - One Year Goals for Affordable Housing by Support Type 738
Annual Action Plan
2026
34 Discussion
See the previous portions of this section for discussion. 739
Annual Action Plan
2026
35 AP-60 Public Housing – 91.220(h)
Introduction
There is no public housing in the City of Orange.

Actions planned during the next year to address the needs to public housing Not Applicable
Actions to encourage public housing residents to become more involved in management and participate in homeownership
Not Applicable
If the PHA is designated as troubled, describe the manner in which financial assistance will be provided or other assistance
Not Applicable
Discussion
Not Applicable
740
Annual Action Plan
2026
36 AP-65 Homeless and Other Special Needs Activities – 91.220(i) Introduction
The City identified homelessness and special needs populations as priority areas during the needs assessment process. While no FY 2026–27 CDBG or HOME applications were received for homeless-related programs, the City will utilize alternative funding sources to support services and operations for homeless populations, including the two regional navigation centers in Buena Park and Placentia.

The City also allocates SB-104 funding to the HRC, which serves individuals experiencing homelessness and other vulnerable populations. The HRC provides food, hygiene, and shower services, and acts as a centralized location for coordination with Continuum of Care (CoC) partners, facilitating access to housing, social services, and supportive programs.

Describe the jurisdictions one-year goals and actions for reducing and ending homelessness including reaching out to homeless persons (especially unsheltered persons) and assessing their individual needs
While the City does not receive Emergency Solutions Grant (ESG) funding, it actively supports the Orange County CoC strategies to address homelessness. The City participates in the North Orange County Service Planning Area and collaborates with the County of Orange and other local jurisdictions to coordinate services for homeless individuals and families.

The City prioritizes CDBG funds for homeless programs when applications are received and supports the operation and service delivery of the HRC through SB-104 funding. HRC staff assess individual needs and connect clients with housing, mental and physical health resources, employment and training programs, and other supportive services to maximize outcomes and leverage additional resources.

Addressing the emergency shelter and transitional housing needs of homeless persons The City continues to support nonprofit programs that provide emergency shelter and transitional housing for homeless individuals and families. This includes CDBG allocations, SB-104 funded services, and coordination with CoC partners to ensure access to short-term housing and supportive programs.

Helping homeless persons (especially chronically homeless individuals and families, families with children, veterans and their families, and unaccompanied youth) make the transition to permanent housing and independent living, including shortening the period of time that individuals and families experience homelessness, facilitating access for homeless individuals and families to affordable housing units, and preventing individuals and families who were recently homeless from becoming homeless again
To facilitate transitions to permanent housing, the City collaborates with the Orange County 741
Annual Action Plan
2026
37 Housing Authority (OCHA) on multiple programs, including:
 Section 8 Housing Choice Vouchers: Providing rental assistance to homeless and low- income families.
 CoC Permanent Supportive Housing (PSH) Program: Currently serving 23 Orange households, combining rental assistance with supportive services.  HUD-VASH Program: Serving 29 homeless veterans as of March 2, 2026, combining VA case management with rental assistance.

Furthermore, the City used SB-104 funding for services at the HRC that provides basic needs services including food, clothing, showers, and laundry, and in addition, offers access to continuum of care partners on-site in a centralized setting to ensure that individuals are able to receive the support they need. On-site partner agencies offer support for connection to housing, mental and physical wellness, and childcare needs to allow parents more opportunities to improve their situation.

The City is also launched a TBRA program in January 2025 at the City in order to assist families and individuals from becoming homeless by offering housing assistance.

Helping low-income individuals and families avoid becoming homeless, especially extremely low-income individuals and families and those who are: being discharged from publicly funded institutions and systems of care (such as health care facilities, mental health facilities, foster care and other youth facilities, and corrections programs and institutions); or, receiving assistance from public or private agencies that address housing, health, social services, employment, education, or youth needs.

The City supports OCHA’s applications for the Rental Assistance for Non-Elderly Persons with Disabilities (NED) Program, which provides incremental Section 8 vouchers. The goal of the Program is to enable Non-Elderly, Disabled households to transition from health care institutions or skilled nursing care to independent living with appropriate services. As of March 2, 2026, one Orange household was participating in this Program.

The City also supports OCHA’s applications for the Family Unification Program (FUP), which provides Section 8 Rental Assistance to eligible families whose lack of adequate housing is a primary factor in the separation or threat of imminent separation of children from their families. The Program also provides vouchers for up to 18 months to emancipated youth (18- to 21-year-old children that left foster care at age 16 or older and lack adequate housing). The Orange County Social Services Agency refers potential FUP participants to OCHA, which administers the housing component of the Program. As of March 2, 2026, 14 Orange households were FUP participants.

Discussion
The City collaborates with nonprofit providers and CoC partners to ensure comprehensive 742
Annual Action Plan
2026
38 outreach and service delivery. The Orange Police Department’s Homeless Engagement Assistance and Resource Team (HEART) conducts field outreach to connect unsheltered individuals with services. HRC staff coordinate with CoC partners on-site to provide case management, social services, and referrals to mental and physical health services, childcare, employment, and housing resources.

Through these efforts, the City maintains a coordinated, multi-faceted approach to reducing homelessness, transitioning individuals and families to permanent housing, and preventing future episodes of homelessness.
743
Annual Action Plan
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39 AP-75 Barriers to affordable housing – 91.220(j)
Introduction:

The City faces structural barriers to the development of affordable housing, primarily due to limited vacant land availability, high land costs, and site-specific constraints. These factors make it challenging to develop financially feasible housing projects targeted to low- and moderate- income households. Additionally, the City’s historic downtown district is subject to specific zoning regulations and design standards, which may further limit opportunities for affordable housing development.

Recognizing these constraints, the City continues to allocate HOME funds and local housing funds to support affordable housing projects to the extent feasible, with a focus on increasing the supply of rental and ownership opportunities for low- and moderate-income residents.

Actions it planned to remove or ameliorate the negative effects of public policies that serve as barriers to affordable housing such as land use controls, tax policies affecting land, zoning ordinances, building codes, fees and charges, growth limitations, and policies affecting the return on residential investment
The City employs a range of strategies to reduce the impact of public policies that may serve as barriers to affordable housing, including land use controls, zoning ordinances, development fees, and other regulatory requirements. Planned and ongoing actions include:
 Regulatory Incentives and Concessions: The City provides discretionary incentives to developers that incorporate affordable housing into their projects. Concessions may include increased residential density through the City’s Density Bonus Ordinance or deferral of impact fees.
 Ongoing Policy Review: The City periodically reviews land use regulations, zoning standards, and building codes to identify and address potential barriers to affordable housing, with a focus on aligning development incentives with the City’s Consolidated Plan housing goals.
 Leveraging Funding Sources: The City uses HOME funds, local housing set-aside funds, and other available financing to support affordable housing developments, reducing the financial burden on developers and improving project feasibility.

Discussion:
744
Annual Action Plan
2026
40 Through a combination of financial support, regulatory incentives, and policy review, the City actively works to reduce barriers to affordable housing while maintaining compliance with local zoning and historic preservation requirements.

These measures are designed to increase the supply of affordable housing units, improve project feasibility, and support the City’s overall housing strategy for low- and moderate-income residents.AP-85 Other Actions – 91.220(k) Introduction:

The City of Orange will undertake a range of actions to address the priority needs of low- and moderate-income (LMI) households, as identified in the 2025–2029 Consolidated Plan. These actions include expanding and preserving affordable housing opportunities for extremely low- income households, addressing homelessness, and supporting public service programs that provide essential services such as food, shelter, and supportive services to low-income children and families.

The City allocates CDBG funds to the Fair Housing Foundation to affirmatively further fair housing by providing fair housing education, outreach, enforcement, and landlord/tenant mediation services. In addition, in January 2025, the City launched a Tenant-Based Rental Assistance (TBRA) program to assist eligible households experiencing housing instability.

Actions planned to address obstacles to meeting underserved needs The City will continue to support activities that address homelessness, housing affordability, and the provision of essential public services. The City collaborates with the Orange County Housing Authority (OCHA) to expand access to Housing Choice Vouchers (Section 8) for low-income households.

The City will allocate CDBG and HOME funds in a manner consistent with the priority needs identified in the Consolidated Plan, with an emphasis on serving extremely low-, low-, and moderate-income households. Public service funding will prioritize programs that address homelessness, food insecurity, and supportive services.

Additionally, the City will continue implementation of its Tenant-Based Rental Assistance (TBRA) program to assist qualifying households in achieving and maintaining housing stability.

Actions planned to foster and maintain affordable housing The City will take actions to preserve and expand the supply of affordable housing. These actions include providing financial assistance for the rehabilitation of existing affordable housing units and working with property owners and developers to maintain affordability restrictions on at- risk units.

The City will continue to support the development of new affordable housing through partnerships with nonprofit and for-profit developers, including Community Housing Development Organizations (CHDOs), and through the use of available federal, state, and local 745
Annual Action Plan
2026
41 funding resources.

Actions planned to reduce lead-based paint hazards
Due to limited CDBG resources, the City does not directly fund lead-based paint hazard evaluation and reduction activities. However, the City supports the County of Orange’s efforts to address lead-based paint hazards and will refer residents to available county programs.

The City will continue to comply with HUD’s Lead Safe Housing Rule (24 CFR Part 35) for all applicable federally assisted housing activities. The City conducts periodic inspections of HOME- assisted properties and will identify and address potential lead-based paint hazards in accordance with federal requirements.

If additional funding becomes available, the City will coordinate with the County to expand lead hazard reduction efforts, particularly in lower-income neighborhoods such as El Modena, where older housing stock may pose increased risks.

Actions planned to reduce the number of poverty-level families The City will implement strategies to reduce poverty by promoting economic opportunities and access to supportive services for low-income residents. In accordance with Section 3 of the Housing and Urban Development Act of 1968, the City will encourage employment and contracting opportunities generated by CDBG-funded projects to be directed toward low- and very low-income persons and businesses.

The City will continue to collaborate with OCHA to support participation in the Housing Choice Voucher Program and the Family Self-Sufficiency (FSS) Program. The FSS Program assists participants in achieving economic independence through goal-setting, case management, and connections to services such as job training, education, childcare, transportation, and healthcare.

As of March 2, 2026, there are 5 Orange Households enrolled in FSS.

Additionally, the City will support CDBG-funded public service programs that provide job training, employment placement, and youth development services.

Actions planned to develop institutional structure
The City of Orange maintains an institutional structure that supports the effective delivery of housing and community development programs. The Community Development Department includes the Administration, Building, Code Enforcement, Economic Development, Housing, and Planning Divisions, which collectively coordinate housing, planning, and community development activities.

The Planning Division is responsible for land use planning, including preparation and implementation of the Housing Element, administration of zoning and development standards, and oversight of the permitting process, including implementation of State-mandated programs 746
Annual Action Plan
2026
42 such as the Density Bonus Program.

The Housing Division administers the CDBG and HOME programs and is responsible for the preparation and implementation of the Consolidated Plan, Annual Action Plans, and the Consolidated Annual Performance and Evaluation Report (CAPER). The Division coordinates with other City departments and external partners to ensure compliance with federal requirements and effective program delivery.

The City will continue to partner with nonprofit organizations, including CHDOs, and affordable housing developers to expand and preserve affordable housing opportunities. The City also encourages nonprofit service providers to apply for CDBG funding to deliver programs that benefit LMI residents.

Actions planned to enhance coordination between public and private housing and social service agencies
The City will continue to strengthen coordination among public agencies, private organizations, and nonprofit service providers to improve the delivery of housing and supportive services.

City staff participates in the Orange County Housing Authority Advisory Committee to provide input on regional housing issues and to support coordination of housing resources. The City also maintains ongoing partnerships with nonprofit organizations that provide essential services, including homelessness assistance, food distribution, and supportive services.

Through these collaborative efforts, the City aims to ensure that housing and supportive services are delivered in a coordinated, efficient, and effective manner that maximizes available resources and addresses the needs of LMI residents.

Discussion:

The actions described above reflect the City’s comprehensive approach to addressing priority housing and community development needs, as identified in the Consolidated Plan. These efforts are designed to ensure compliance with HUD requirements while effectively utilizing available resources to benefit low- and moderate-income households. 747
Annual Action Plan
2026
43 Program Specific Requirements
AP-90 Program Specific Requirements – 91.220(l)(1,2,4)
Introduction:

Community Development Block Grant Program (CDBG)
Reference 24 CFR 91.220(l)(1)
Projects planned with all CDBG funds expected to be available during the year are identified in the Projects Table. The following identifies program income that is available for use that is included in projects to be carried out.

1. The total amount of program income that will have been received before the start of the next program year and that has not yet been reprogrammed 0

2. The amount of proceeds from section 108 loan guarantees that will be used during the year to address the priority needs and specific objectives identified in the grantee's strategic plan. 0

3. The amount of surplus funds from urban renewal settlements 0

4. The amount of any grant funds returned to the line of credit for which the planned use has not been included in a prior statement or plan 0

5. The amount of income from float-funded activities 0
Total Program Income: 0
Other CDBG Requirements

1. The amount of urgent need activities 0

2. The estimated percentage of CDBG funds that will be used for activities that benefit persons of low and moderate income. Overall Benefit - A consecutive period of one, two or three years may be used to determine that a minimum overall benefit of 70% of CDBG funds is used to benefit persons of low and moderate income. Specify the years covered that include this Annual Action Plan. 100.00%
748
Annual Action Plan
2026
44 HOME Investment Partnership Program (HOME)
Reference 24 CFR 91.220(l)(2)

1. A description of other forms of investment being used beyond those identified in Section

92.205 is as follows:

In addition to eligible activities described in 24 CFR 92.205, the City utilizes Low- and Moderate-Income Housing Asset (LMIHA) funds to leverage HOME program investments and support the development and preservation of affordable housing. While this funding source is limited, the City maximizes its impact by combining LMIHA funds with HOME funds where feasible.

The City will also pursue and encourage the use of other financing sources, including but not limited to Low-Income Housing Tax Credits (LIHTC), tax-exempt bond financing, and other federal, state, and local resources, to support affordable housing development. These leveraged resources are intended to increase the feasibility and sustainability of affordable housing projects.

2. A description of the guidelines that will be used for resale or recapture of HOME funds when used for homebuyer activities as required in 92.254, is as follows:

The City does not currently allocate HOME funds for homebuyer activities, including direct homeownership assistance. Therefore, the City has not established resale or recapture guidelines pursuant to 24 CFR 92.254.

3. If the City elects to fund homebuyer activities in the future, it will adopt and implement resale or recapture provisions in compliance with 24 CFR 92.254 to ensure continued affordability and compliance with HOME program requirements. A description of the guidelines for resale or recapture that ensures the affordability of units acquired with HOME funds? See 24 CFR

92.254(a)(4) are as follows:

The City does not use HOME funds to support for-sale housing activities. Accordingly, the City is not required to establish resale or recapture guidelines for HOME-assisted homeownership units at this time.

Should the City choose to fund homeownership activities in the future, it will establish affordability requirements and resale or recapture provisions consistent with 24 CFR

92.254(a)(4) to ensure long-term affordability.

4. Plans for using HOME funds to refinance existing debt secured by multifamily housing that is rehabilitated with HOME funds along with a description of the refinancing guidelines required that will be used under 24 CFR 92.206(b), are as follows:

The City does not currently use HOME funds to refinance existing debt secured by multifamily 749
Annual Action Plan
2026
45 housing.

If the City elects to use HOME funds for refinancing in the future, it will adopt refinancing guidelines in accordance with 24 CFR 92.206(b). These guidelines will ensure that refinancing is necessary to permit or continue affordability, that it is part of a rehabilitation project, and that it complies with all applicable HOME program requirements. 750
Agenda Item
Orange City Council
Item #: 8.3. 5/12/2026 File #: 26-0257
TO: Honorable Mayor and Members of the City Council
FROM: Jarad Hildenbrand, City Manager

1. SUBJECT
Public Hearing to discuss and consider a draft City Charter

2. SUMMARY
On March 10, 2026, the Orange City Council reviewed the processes to adopt a city charter while also reviewing a sample charter for policy discussion purposes. Following discussion, the City Council directed staff to proceed with the process to consider adoption of a city charter, including the required public hearings. This public hearing serves as the first of two required public hearings before the City Council may consider placing a charter measure on the November 2026 General Municipal Election ballot.

3. RECOMMENDED ACTION

1. Conduct and close the Public Hearing.

2. Review and discuss the draft City Charter.

3. Provide direction to City staff for the second public hearing scheduled for June 23, 2026.

4. FISCAL IMPACT
Adoption of a City Charter does not create an immediate fiscal impact; however, charter city status may provide future fiscal flexibility related to procurement, contracting, local governance, and municipal affairs.

As the City continues evaluating long-term fiscal sustainability, service delivery expectations, and future revenue options, charter city status provides an opportunity to preserve local decision-making authority and improve flexibility in municipal operations.

5. STRATEGIC PLAN GOALS
Adoption of a City Charter could support or affect multiple goals outlined in the Fiscal Years 2025- 2030 Citywide Strategic Plan.

6. DISCUSSION AND BACKGROUND
On March 10, 2026, the City Council reviewed a sample charter for policy discussion purposes and discussed the advantages, limitations, and procedural requirements associated with transitioning from a general law city to a charter city. The City Council reviewed the process outlined in California Government Code Sections 34450 through 34462 and provided direction to proceed with preparation of a draft “Home Rule Charter” for further consideration.

A charter city derives its authority directly from the California Constitution and has greater local control over municipal affairs, while a general law city operates primarily under the general laws established by the State Legislature. Charter city authority is most commonly exercised in areas such as municipal contracting, public works procurement, local elections, and internal governance City of Orange Printed on 5/7/2026Page 1 of 4
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as municipal contracting, public works procurement, local elections, and internal governance structures.

The proposed draft charter for the City of Orange is intentionally structured as a simple and flexible Home Rule Charter. It preserves the existing Council-Manager form of government while providing the City with greater authority over municipal affairs, particularly in procurement, contracting, fiscal administration, and local governance.

Importantly, the draft charter does not attempt to alter state law requirements related to housing law compliance, land use consistency, tax voter approval thresholds, or public utility disposition requirements where state law controls. Instead, the draft charter preserves general law treatment in those areas unless otherwise permitted by law.

Timeline
California Government Code Sections 34450 through 34462 require that the City hold at least two public hearings before the City Council may vote to place a charter measure on the November 2026 ballot. Additionally, state law requires at least 30 days between the first and second public hearing, followed by at least 21 days after the second public hearing before the City Council may take formal action to place the measure on the ballot.

To meet the Orange County Registrar of Voters deadlines for inclusion in the November 3, 2026 General Municipal Election, the City must adhere to the following schedule:

Step Deadline
Conduct First Public Hearing May 12, 2026
Conduct Second Public Hearing June 23, 2026
Conduct Vote to Place Charter Measure on November 2026 Ballot July 14, 2026 Signed Resolutions Sent to Orange County Registrar of Voters July 17, 2026 Last Day to Submit Direct Arguments and Impartial Analysis July 31, 2026 Election Day November 3, 2026
The May 12, 2026 public hearing serves as the first of the two required public hearings. Staff requests City Council direction regarding any revisions to the draft charter prior to the second required public hearing scheduled for June 23, 2026.

Draft Charter Analysis
The proposed draft charter has been structured as a straightforward Home Rule Charter focused on preserving local control while avoiding unnecessary complexity or provisions that would create legal uncertainty. The charter can generally be grouped into six major policy areas:

1. Incorporation of Powers and Municipal Affairs (Articles I and II) · Establishes the City’s authority as a charter city under the California Constitution · Confirms all powers available to charter cities over municipal affairs · Preserves all existing ordinances, resolutions, contracts, and obligations · Declares that the charter shall be broadly interpreted in favor of municipal self-governance · Maintains compliance with general law land use requirements, including General Plan consistency, zoning regulations, subdivision laws, and housing law compliance unless City of Orange Printed on 5/7/2026Page 2 of 4
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otherwise modified by lawful ordinance

2. Form of Government and City Council Structure (Articles III and IV) · Preserves the existing Council-Manager form of government · Confirms all municipal powers remain vested in the City Council except where otherwise provided by law
· Maintains the Mayor as the presiding officer of the City Council · Preserves flexibility regarding district elections, at-large elections, and future lawful adjustments to election methods
· Maintains eligibility requirements for elected office

3. Term Limits and Vacancy Procedures (Articles V and VII) · Establishes a two-term lifetime limit for Mayor
· Establishes a three-term lifetime limit for City Council Members · Clarifies treatment of partial terms for term limit purposes · Establishes procedures for filling permanent vacancies pursuant to Government Code · Provides procedures for temporary suspension of elected or appointed officers facing felony criminal proceedings

4. Procurement, Contracting, and Local Control (Article VI) · Provides the City full authority over municipal contracting procedures and public works procurement
· Establishes authority for best-value procurement, design-build authority, alternative project delivery methods, and professional services selection
· Clarifies the City’s authority to establish exemptions from state public contracting statutes where permitted to charter cities
· Preserves local authority over prevailing wage procedures where constitutionally permitted · Includes liberal construction language to maximize municipal authority over local affairs

5. City Assets, Public Utilities, and Eminent Domain (Article VI) • Restricts the use of eminent domain for transfer of private property to another private party without owner consent
• Preserves the City’sauthority to purchase, lease, hold, and dispose of City-owned real and personal property
• Clarifies that disposition of City-owned public utilities remains subject to all applicable state law requirements, including voter approval where required City of Orange Printed on 5/7/2026Page 3 of 4
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6. Fiscal Responsibility and Legal Provisions (Articles VIII and IX) • Requires adoption of a balanced annual budget
• Requires an independent annual audit presented publicly • Preserves constitutional voter approval thresholds for taxes • Requires a two-thirds vote of the full City Council before placing a City-sponsored tax measure on the ballot
• Includes severability, amendment procedures, violations, definitions, and effective date provisions
Staff requests City Council direction regarding any desired revisions to the draft charter prior to the second required public hearing scheduled for June 23, 2026.

7. CONCLUSION
The proposed draft City Charter is intended to provide the City with greater local control over municipal affairs, administrative flexibility, and long-term fiscal and operational flexibility available to charter cities under the California Constitution.

This first public hearing provides the City Council an opportunity to review the draft charter, discuss policy direction, and identify any revisions prior to the second required public hearing scheduled for June 23, 2026.

Staff requests City Council direction regarding any desired modifications to the draft charter so those revisions may be incorporated for further consideration before potential placement of a charter measure on the November 2026 General Municipal Election ballot.

8. ATTACHMENTS
· Draft City Charter
City of Orange Printed on 5/7/2026Page 4 of 4
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Agenda Item
Orange City Council
Item #: 8.3. 5/12/2026 File #: 26-0257
TO: Honorable Mayor and Members of the City Council
FROM: Jarad Hildenbrand, City Manager

1. SUBJECT
Public Hearing to discuss and consider a draft City Charter

3. RECOMMENDED ACTION

1. Conduct and close the Public Hearing.

2. Review and discuss the draft City Charter.

3. Provide direction to City staff for the second public hearing scheduled for June 23, 2026.

5. STRATEGIC PLAN GOALS
Adoption of a City Charter could support or affect multiple goals outlined in the Fiscal Years 2025- 2030 Citywide Strategic Plan.

A charter city derives its authority directly from the California Constitution and has greater local control over municipal affairs, while a general law city operates primarily under the general laws established by the State Legislature. Charter city authority is most commonly exercised in areas such as municipal contracting, public works procurement, local elections, and internal governance City of Orange Printed on 5/7/2026Page 1 of 4
powered by Legistar™
755
Item #: 8.3. 5/12/2026 File #: 26-0257
as municipal contracting, public works procurement, local elections, and internal governance structures.

To meet the Orange County Registrar of Voters deadlines for inclusion in the November 3, 2026 General Municipal Election, the City must adhere to the following schedule:

1. Incorporation of Powers and Municipal Affairs (Articles I and II) · Establishes the City’s authority as a charter city under the California Constitution · Confirms all powers available to charter cities over municipal affairs · Preserves all existing ordinances, resolutions, contracts, and obligations · Declares that the charter shall be broadly interpreted in favor of municipal self-governance · Maintains compliance with general law land use requirements, including General Plan consistency, zoning regulations, subdivision laws, and housing law compliance unless City of Orange Printed on 5/7/2026Page 2 of 4
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756
Item #: 8.3. 5/12/2026 File #: 26-0257
otherwise modified by lawful ordinance

8. ATTACHMENTS
· Draft City Charter
City of Orange Printed on 5/7/2026Page 4 of 4
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Draft Charter: May 12, 2026 Public Hearing

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Orange City CouncilMay 12, 2026

Orange City Council
May 12, 2026