Agenda packet, regular meeting — Pleasanton City Council, May 19, 2026 (part 3 of 6)

0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 6.6% 3.1% 18.8% 12.1% 29.2% 16.9% 13.3% 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 Pleasanton Managed Account | Account #11313 | As of March 31, 2026 Portfolio Compared to the Benchmark
24

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DURATION DISTRIBUTION
City of Pleasanton Managed Account | Account #11313 | As of March 31, 2026 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
03/31/2026 6.6% 3.1% 18.8% 12.1% 29.2% 16.9% 13.3% 0.0% 0.0% 12/31/2025 19.5% 12.5% 21.1% 16.0% 20.1% 9.2% 1.6% 0.0% 0.0% 25

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TOTAL RATE OF RETURN* 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years City of Pleasanton Mgd Account 0.43%
Benchmark (0.02%)
*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 Pleasanton Managed Account | Account #11313 | As of March 31, 2026 Total Rate of Return : Inception | 07/01/2025
26

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PORTFOLIO HOLDINGS
27

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HOLDINGS REPORT
City of Pleasanton Managed Account | Account #11313 | 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
096912AD2 BMWLT 2025-1 A3 4.43
06/26/2028 175,000.00 06/03/20254.82%
174,996.15
174,997.17
100.33

4.16%
175,578.73
129.21

0.09%
581.55
NA/AAA
AAA

2.24 1.06
89240NAD4 TLOT 2025-B A3 3.96 11/20/2028 805,000.00 09/09/2025

3.97%
804,855.91
804,880.26

99.52 4.29%
801,138.42
974.05

0.41%
(3,741.84)
Aaa/NA
AAA

2.64 1.61
448970AD5 HALST 2026-A A3 3.97
12/15/2028 590,000.00 01/12/20263.98%
589,913.51
589,919.23

99.64 4.21%
587,887.80
1,041.02

0.30%
(2,031.43)
NA/AAA
AAA

2.71 1.76
36273VAD7 GMALT 2026-1 A3 3.88
01/22/2029 1,050,000.00 02/03/20264.11%
1,049,862.56
1,049,868.70

99.49 4.23%
1,044,691.20
1,244.83

0.54%
(5,177.50)
NA/AAA
AAA

2.81 1.60
58770XAD5 MBALT 2025-B A3 3.88
04/16/2029 1,260,000.00 10/16/20254.57%
1,259,793.23
1,259,819.40

99.46 4.24%
1,253,183.40
2,172.80

0.65%
(6,636.00)
NA/AAA
AAA

3.04 1.64
44935XAD7 HART 2025-B A3 4.36 12/17/2029 265,000.00 06/03/2025

4.36%
264,976.07
264,980.33
100.38

4.15%
265,999.85
513.51

0.14%
1,019.51
NA/AAA
AAA

3.71 1.49
58770YAD3 MBALT 2026-A A3 3.93
01/15/2030 535,000.00 01/13/20263.97%
534,893.91
534,899.01

99.43 4.24%
531,939.27
934.47

0.28%
(2,959.75)
Aaa/NA
AAA

3.79 2.04
47787DAD3 JDOT 2026 A3 3.87 08/15/2030 650,000.00 03/10/2026

4.49%
649,884.82
649,885.82

99.41 4.16%
646,140.30
908.38

0.33%
(3,745.52)
Aaa/NA
AAA

4.38 2.28
89240KAD0 TAOT 2026-A A3 3.86 09/15/2030 770,000.00 01/13/2026

4.13%
769,934.40
769,937.10

99.34 4.22%
764,903.37
1,320.98

0.40%
(5,033.73)
Aaa/AAA
NA

4.46 2.03
43815CAD0 HAROT 2026-1 A3 3.78
09/23/2030 930,000.00 02/10/20263.03%
929,851.85
929,855.56

99.17 4.20%
922,291.23
976.50

0.48%
(7,564.33)
Aaa/NA
AAA

4.48 2.15
87269AAA8 TMUST 261 A 4.25 10/21/2030 690,000.00 03/12/2026

4.26%
689,853.58
689,854.63

99.83 4.36%
688,824.93
896.04

0.36%
(1,029.70)
Aaa/NA
AAA

4.56 2.28
448981AD2 HART 2026-A A3 3.79 02/18/2031 1,240,000.00 02/10/2026

4.30%
1,239,916.30
1,239,918.23

99.15 4.20%
1,229,518.28
2,088.71

0.64%
(10,399.95)
NA/AAA
AAA

4.89 2.24
Total ABS 8,960,000.00 4.12%
8,958,732.29
8,958,815.44

99.47 4.23%
8,912,096.76
13,200.50

4.61%
(46,718.68)

3.75 1.92
AGENCY
3133EMH21 FEDERAL FARM CREDIT BANKS
FUNDING CORP 0.9 06/15/2026 3,000,000.00 06/24/20210.92% 2,997,000.00
2,999,876.17

99.41 3.76%
2,982,414.00
7,950.00

1.54%
(17,462.17)
Aa1/AA+
AA+

0.21 0.20
3130AMSL7 FEDERAL HOME LOAN BANKS 1.03
06/30/2026 3,000,000.00 06/30/20211.03%
3,000,000.00
3,000,000.00

99.33 3.75%
2,979,975.00
7,810.83

1.54%
(20,025.00)
Aa1/AA+
AA+

0.25 0.25
28

Page 294 of 908 ends

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130AMYA4 FEDERAL HOME LOAN BANKS 1.07
06/30/2026 3,000,000.00 06/30/20211.07%
3,000,000.00
3,000,000.00

99.36 3.65%
2,980,935.00
8,114.17

1.54%
(19,065.00)
Aa1/AA+
AA+

0.25 0.25
3130AMWK4 FEDERAL HOME LOAN BANKS 1.02
07/14/2026 3,000,000.00 07/14/20211.03%
2,999,250.00
2,999,957.28

99.21 3.79%
2,976,435.00
6,545.00

1.54%
(23,522.28)
Aa1/AA+
AA+

0.29 0.28
3130AP2P9 FEDERAL HOME LOAN BANKS 0.92
09/30/2026 3,000,000.00 09/30/20211.03%
2,983,500.00
2,998,355.42

98.59 3.81%
2,957,706.00

76.67 1.53%
(40,649.42)
Aa1/AA+
AA+

0.50 0.49
3130APC94 FEDERAL HOME LOAN BANKS 1.07
10/14/2026 3,000,000.00 10/14/20211.09%
2,997,750.00
2,999,758.49

98.52 3.88%
2,955,744.00
14,890.83

1.53%
(44,014.49)
Aa1/AA+
AA+

0.54 0.52
3130APUR4 FEDERAL HOME LOAN BANKS 1.3
11/24/2026 1,840,000.00 12/09/20211.42%
1,829,401.60
1,838,613.02

98.40 3.83%
1,810,499.28
8,438.44

0.94%
(28,113.74)
Aa1/AA+
AA+

0.65 0.63
3130APU78 FEDERAL HOME LOAN BANKS 1.3
11/24/2026 530,000.00 12/09/20211.42%
526,947.20
529,600.49

98.40 3.83%
521,502.51
2,430.64

0.27%
(8,097.98)
Aa1/AA+
AA+

0.65 0.63
3130APVC6 FEDERAL HOME LOAN BANKS

1.375 12/01/2026 3,000,000.00 12/09/20211.46%
2,988,000.00
2,998,389.44

98.40 3.83%
2,951,874.00
13,750.00

1.53%
(46,515.44)
Aa1/AA+
AA+

0.67 0.65
3130AQF65 FEDERAL HOME LOAN BANKS 1.25
12/21/2026 3,000,000.00 12/22/20211.28%
2,995,657.09
2,999,371.77

98.22 3.76%
2,946,735.00
10,416.67

1.53%
(52,636.77)
Aa1/AA+
AA+

0.73 0.71
3130AQG80 FEDERAL HOME LOAN BANKS 1.42
12/29/2026 6,000,000.00 --1.48%
5,982,000.00
5,997,301.42

98.30 3.75%
5,898,222.00
21,773.33

3.05%
(99,079.42)
Aa1/AA+
AA+

0.75 0.73
3130AQEC3 FEDERAL HOME LOAN BANKS 1.37
12/30/2026 3,000,000.00 12/30/20211.37%
3,000,000.00
3,000,000.00

98.23 3.79%
2,946,855.00
10,389.17

1.53%
(53,145.00)
Aa1/AA+
AA+

0.75 0.73
3130AQEF6 FEDERAL HOME LOAN BANKS

1.375 12/30/2026 3,000,000.00 12/30/20211.39%
2,998,500.00
2,999,775.74

98.23 3.79%
2,946,966.00
10,427.08

1.53%
(52,809.74)
Aa1/AA+
AA+

0.75 0.73
3130AQLD3 FEDERAL HOME LOAN BANKS 1.75
01/28/2027 3,000,000.00 02/08/20221.93%
2,975,010.00
2,995,841.88

98.39 3.75%
2,951,679.00
9,187.50

1.53%
(44,162.88)
Aa1/AA+
AA+

0.83 0.81
3130AQW66 FEDERAL HOME LOAN BANKS 2.08
02/25/2027 3,000,000.00 03/08/20222.11%
2,995,500.00
2,999,181.82

98.49 3.80%
2,954,835.00
6,240.00

1.53%
(44,346.82)
Aa1/AA+
AA+

0.91 0.88
Total Agency 44,370,000.00 1.34%
44,268,515.89
44,356,022.94

98.63 3.78%
43,762,376.79
138,440.33

22.65%
(593,646.15)

0.59 0.57

AGENCY CMBS
3137FKZZ2 FHMS K-088 A2 3.69 01/25/2029 1,795,000.00 03/26/2026

4.24%
1,766,883.01
1,766,910.93

98.82 4.09%
1,773,770.54
5,519.63

0.92%
6,859.60
Aaa/AA+
AA+

2.82 2.56
29

Page 295 of 908 ends

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Agency CMBS 1,795,000.00 4.24%
1,766,883.01
1,766,910.93

98.82 4.09%
1,773,770.54
5,519.63

0.92%
6,859.60

2.82 2.56

CORPORATE
46632FSC0 JPMORGAN CHASE BANK, N.A.
06/22/2026 3,000,000.00 06/22/20210.00%
3,000,000.00
3,000,000.00

99.11 5.08%
2,973,309.00

0.00 1.54%
(26,691.00)
Aa2/AAAA0.23

0.22 14913UAR1 CATERPILLAR FINANCIAL SERVICES
CORP 4.4 10/15/2027 1,500,000.00 --4.17%
1,507,375.00
1,505,044.27
100.47

4.08%
1,507,060.50
30,433.33

0.78%
2,016.23
A2/A
A+

1.54 1.45
571748BY7 MARSH & MCLENNAN
COMPANIES INC 4.55 11/08/2027 1,000,000.00 07/21/20254.22% 1,006,950.00
1,004,773.82
100.46

4.25%
1,004,552.00
18,073.61

0.52%
(221.82)
A3/AA1.61

1.43 532457CU0 ELI LILLY AND CO 4.55 02/12/2028 500,000.00 03/19/2025

4.32%
502,955.00
501,871.31
100.81

4.09%
504,025.50
3,096.53

0.26%
2,154.19
Aa3/A+
NA

1.87 1.69
857477CU5 STATE STREET CORP 4.536
02/28/2028 500,000.00 03/19/20254.50%
500,095.00
500,060.69
100.67

4.17%
503,350.00
2,079.00

0.26%
3,289.31
Aa3/A
AA1.911.73
46647PAF3 JPMORGAN CHASE & CO 3.54
05/01/2028 750,000.00 07/22/20254.38%
739,305.00
743,470.60

99.07 4.85%
743,037.75
11,062.50

0.38%
(432.85)
A1/A
AA2.081.03
26444HAE1 DUKE ENERGY FLORIDA LLC 3.8
07/15/2028 1,250,000.00 --4.20%
1,235,640.00
1,239,483.93

99.03 4.24%
1,237,932.50
10,027.78

0.64%
(1,551.43)
A1/A
NA

2.29 2.15
61744YAK4 MORGAN STANLEY 3.591
07/22/2028 750,000.00 07/22/20254.21%
736,972.50
739,970.61

98.82 4.14%
741,183.75
5,162.06

0.38%
1,213.14
A1/AA+2.31

1.25 74340XBX8 PROLOGIS LP 4.0 09/15/2028 1,250,000.00 --

4.38%
1,235,247.50
1,239,203.86

99.37 4.27%
1,242,091.25
2,222.22

0.64%
2,887.39
A2/A
NA

2.46 2.31
023135CS3 AMAZON.COM INC 3.9
11/20/2028 925,000.00 11/17/20253.91%
924,796.50
924,821.01

99.57 4.07%
921,046.55
13,127.29

0.48%
(3,774.46)
A1/AA
AA2.642.45
06051GHD4 BANK OF AMERICA CORP 3.419
12/20/2028 750,000.00 07/22/20254.40%
733,402.50
738,155.42

98.24 4.68%
736,778.25
7,194.15

0.38%
(1,377.17)
A1/AAA2.72

1.63 58989V2M5 MET TOWER GLOBAL FUNDING

4.0 01/14/2029 1,225,000.00 01/07/20264.05%
1,223,419.75
1,223,530.77

98.95 4.40%
1,212,158.33
10,480.56

0.63%
(11,372.45)
Aa3/AAAA2.79

2.59 24422EXH7 JOHN DEERE CAPITAL CORP 4.5
01/16/2029 1,500,000.00 --4.47%
1,500,745.00
1,501,451.89
100.95

4.13%
1,514,298.00
14,062.50

0.78%
12,846.11
A1/A
A+

2.80 2.58
78017DAA6 ROYAL BANK OF CANADA 4.965
01/24/2029 500,000.00 02/20/20254.82%
501,950.00
501,211.67
100.93

4.44%
504,656.00
4,620.21

0.26%
3,444.33
A1/A
AA2.821.71
30

Page 296 of 908 ends

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 500,000.00 03/19/20254.54%
501,095.00
500,802.85
101.46

4.05%
507,305.00
3,897.22

0.26%
6,502.16
A1/A+
NA

2.84 2.62
06406RBN6 BANK OF NEW YORK MELLON
CORP 4.543 02/01/2029 1,250,000.00 --4.38%
1,251,885.00
1,253,752.42
100.50

4.45%
1,256,237.50
9,464.58

0.65%
2,485.08
Aa3/A
AA2.841.73
91159HJK7 US BANCORP 4.653 02/01/2029 1,500,000.00 --

4.30%
1,509,580.00
1,509,170.27
100.46

4.56%
1,506,861.00
11,632.50

0.78%
(2,309.27)
A3/A
A

2.84 1.73
009158BH8 AIR PRODUCTS AND CHEMICALS
INC 4.6 02/08/2029 500,000.00 04/17/20254.37%
503,835.00
502,860.72
100.98

4.23%
504,876.50
3,386.11

0.26%
2,015.78
A2/A
NA

2.86 2.56
756109CF9 REALTY INCOME CORP 4.75
02/15/2029 1,000,000.00 07/22/20254.30%
1,014,460.00
1,011,595.28
100.98

4.38%
1,009,772.00
6,069.44

0.52%
(1,823.28)
A3/ANA2.88

2.57 17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 2,000,000.00 --4.04%
2,046,800.00
2,042,320.32
101.83

4.17%
2,036,626.00
9,430.56

1.05%
(5,694.32)
A1/AANA2.91

2.60 571748BG6

MARSH & MCLENNAN
COMPANIES INC 4.375
03/15/2029
500,000.00
05/22/2025

4.55%
496,995.00
497,670.69
100.20

4.30%
500,981.00
972.22

0.26%
3,310.31
A3/AA2.96

2.52 79466LAR5 SALESFORCE INC 4.65 03/15/2029 425,000.00 03/19/2026

4.65%
425,029.75
425,029.41
100.21

4.57%
425,880.18
988.13

0.22%
850.76
A2/A+
NA

2.96 2.65
00287YDS5 ABBVIE INC 4.8 03/15/2029 1,500,000.00 --

4.23%
1,524,390.00
1,522,800.62
101.61

4.22%
1,524,100.50
3,200.00

0.79%
1,299.88
A2/ANA2.96

2.66 58989V2H6 MET TOWER GLOBAL FUNDING

5.25 04/12/2029 1,000,000.00 07/21/20254.39%
1,029,130.00
1,023,710.96
101.92

4.56%
1,019,219.00
24,645.83

0.53%
(4,491.96)
Aa3/AAAA3.03

2.71 91324PEH1 UNITEDHEALTH GROUP INC 4.0
05/15/2029 500,000.00 02/20/20254.74%
485,910.00
489,596.76

98.97 4.36%
494,834.50
7,555.56

0.26%
5,237.74
A2/A+
A

3.12 2.86
74456QBY1 PUBLIC SERVICE ELECTRICAND
GAS CO 3.2 05/15/2029 1,000,000.00 07/22/20254.27%
962,760.00
969,501.72

97.02 4.23%
970,236.00
12,088.89

0.50%
734.28
A1/A
NA

3.12 2.90
61747YFF7 MORGAN STANLEY 5.449
07/20/2029 750,000.00 --4.87%
762,862.50
759,162.19
101.78

4.81%
763,371.75
8,059.98

0.40%
4,209.56
A1/AA+3.30

2.13 025816EJ4 AMERICAN EXPRESS CO 4.351
07/20/2029 1,750,000.00 --4.27%
1,753,312.50
1,753,140.82

99.93 4.41%
1,748,750.50
15,016.99

0.91%
(4,390.32)
A2/AA3.30

2.15 06051GHM4 BANK OF AMERICA CORP 4.271
07/23/2029 750,000.00 --4.93%
734,265.00
739,601.51

99.59 4.69%
746,943.00
6,050.58

0.39%
7,341.49
A1/AAA3.31

2.16 46647PDU7 JPMORGAN CHASE & CO 5.299
07/24/2029 750,000.00 --4.81%
760,890.00
757,818.38
101.87

4.63%
763,997.25
7,396.52

0.40%
6,178.87
A1/A
AA3.312.14
31

Page 297 of 908 ends

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
30303M8S4 META PLATFORMS INC 4.3
08/15/2029 500,000.00 03/19/20254.47%
496,715.00
497,484.70
100.45

4.16%
502,230.50
2,747.22

0.26%
4,745.80
Aa3/AANA3.38

3.02 171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 500,000.00 04/17/20254.45%
503,710.00
502,882.09
101.12

4.29%
505,621.50
2,970.83

0.26%
2,739.41
A2/A
A

3.38 3.01
857477BD4 STATE STREET CORP 4.141
12/03/2029 500,000.00 05/22/20254.57%
493,045.00
494,732.53

99.63 4.47%
498,157.00
6,786.64

0.26%
3,424.47
Aa3/A
AA3.682.47
89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 1,500,000.00 08/27/20254.19%
1,544,835.00
1,538,763.30
101.62

4.48%
1,524,325.50
16,912.50

0.79%
(14,437.80)
A1/A+
A+

3.78 3.38
341081GP6 FLORIDA POWER & LIGHT CO

4.625 05/15/2030 2,000,000.00 03/05/20264.06%
2,041,320.00
2,040,589.17
100.97

4.36%
2,019,382.00
34,944.44

1.05%
(21,207.17)
Aa2/A+
AA4.123.52
24422EYE3 JOHN DEERE CAPITAL CORP 4.55
06/05/2030 1,000,000.00 03/19/20264.38%
1,006,290.00
1,006,240.92
100.68

4.37%
1,006,750.00
14,661.11

0.52%
509.08
A1/A
A+

4.18 3.72
828807EB9 SIMON PROPERTYGROUP LP 4.3
01/15/2031 2,000,000.00 03/05/20264.33%
1,997,040.00
1,997,083.33

98.55 4.64%
1,971,068.00
18,633.33

1.02%
(26,015.33)
A3/A
NA

4.79 4.24
023135DD5 AMAZON.COM INC 4.25
03/13/2031 1,000,000.00 --4.40%
993,589.00
993,618.33

99.26 4.42%
992,630.00
2,125.00

0.51%
(988.33)
A1/AA
AA4.954.41
Total Corporate 40,075,000.00 4.01%
40,188,597.50
40,192,979.15
100.19

4.42%
40,145,635.55
361,277.94

20.78%
(47,343.60)

2.86 2.37

MONEY MARKET
FUND
X9USDCRGO Dreyfus Govt Cash Management 221,006.95 --

0.00%
221,006.95
221,006.95

1.00 0.00%
221,006.95

0.00 0.11%

0.00 NA/NA
NA

0.00 0.00
Total Money Market
Fund 221,006.95 0.00%
221,006.95
221,006.95

1.00 0.00%
221,006.95

0.00 0.11%

0.00 0.00

0.00 SUPRANATIONAL
45950KDF4 INTERNATIONAL FINANCE CORP

4.375 01/15/2027 1,000,000.00 06/27/20253.89%
1,007,230.00
1,003,704.73
100.40

3.86%
1,003,961.00
9,238.22

0.52%
256.27
Aaa/AAA
NA

0.79 0.76
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,000,000.00
06/17/2025

3.98%
1,972,780.00
1,979,755.13

99.32 3.81%
1,986,320.00
15,361.11

1.03%
6,564.88
Aaa/AAA
NA

2.28 2.15
32

Page 298 of 908 ends

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Supranational 3,000,000.00 3.95%
2,980,010.00
2,983,459.86

99.68 3.83%
2,990,281.00
24,599.33

1.55%
6,821.14

1.78 1.69

US TREASURY
912797QX8 UNITED STATES TREASURY
06/11/2026 760,000.00 03/31/20263.68%
754,524.43
754,600.48

99.29 3.67%
754,607.80

0.00 0.39%

7.32 P-1/A-1+
F1+

0.20 0.19
91282CJT9 UNITED STATES TREASURY 4.0
01/15/2027 3,000,000.00 07/21/20253.95%
3,002,109.38
3,001,124.74
100.20

3.74%
3,005,919.00
25,193.37

1.56%
4,794.26
Aa1/AA+
AA+

0.79 0.77
91282CMP3 UNITED STATES TREASURY 4.125
02/28/2027 2,695,000.00 --3.67%
2,711,219.73
2,705,759.03
100.33

3.75%
2,703,801.87
9,666.85

1.40%
(1,957.16)
Aa1/AA+
AA+

0.91 0.89
91282CMV0 UNITED STATES TREASURY 3.875
03/31/2027 750,000.00 04/17/20253.80%
750,966.80
750,496.35
100.13

3.74%
750,990.00

79.41 0.39%
493.65
Aa1/AA+
AA+

1.00 0.97
91282CMY4 UNITED STATES TREASURY 3.75
04/30/2027 1,000,000.00 05/22/20254.00%
995,273.44
997,365.96

99.96 3.79%
999,576.00
15,745.86

0.52%
2,210.04
Aa1/AA+
AA+

1.08 1.03
91282CKV2 UNITED STATES TREASURY 4.625
06/15/2027 1,000,000.00 06/04/20253.86%
1,014,765.63
1,008,779.56
100.94

3.82%
1,009,375.00
13,595.47

0.52%
595.44
Aa1/AA+
AA+

1.21 1.15
91282CLG4 UNITED STATES TREASURY 3.75
08/15/2027 3,000,000.00 07/22/20253.82%
2,995,664.06
2,997,115.13

99.88 3.84%
2,996,250.00
13,984.81

1.55%
(865.13)
Aa1/AA+
AA+

1.38 1.32
91282CPE5 UNITED STATES TREASURY 3.5
10/31/2027 2,000,000.00 11/24/20253.51%
1,999,609.38
1,999,679.75

99.46 3.85%
1,989,296.00
29,392.27

1.03%
(10,383.75)
Aa1/AA+
AA+

1.59 1.50
91282CLX7 UNITED STATES TREASURY 4.125
11/15/2027 750,000.00 12/19/20244.33%
745,810.55
747,656.28
100.43

3.85%
753,222.75
11,708.39

0.39%
5,566.47
Aa1/AA+
AA+

1.63 1.53
91282CMF5 UNITED STATES TREASURY 4.25
01/15/2028 750,000.00 01/14/20254.48%
745,283.20
747,182.84
100.71

3.83%
755,302.50
6,691.99

0.39%
8,119.66
Aa1/AA+
AA+

1.79 1.70
91282CMS7 UNITED STATES TREASURY 3.875
03/15/2028 750,000.00 03/19/20254.05%
746,279.30
747,565.00
100.11

3.81%
750,849.75
1,342.56

0.39%
3,284.75
Aa1/AA+
AA+

1.96 1.86
91282CMW8 UNITED STATES TREASURY 3.75
04/15/2028 1,000,000.00 04/17/20253.80%
998,515.63
998,985.45

99.86 3.82%
998,633.00
17,307.69

0.52%
(352.45)
Aa1/AA+
AA+

2.04 1.91
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 1,200,000.00 --4.12%
1,182,328.13
1,188,133.96

99.61 3.81%
1,195,266.00
14,579.67

0.62%
7,132.04
Aa1/AA+
AA+

2.17 2.04
91282CNH0 UNITED STATES TREASURY 3.875
06/15/2028 1,500,000.00 06/17/20253.90%
1,499,003.91
1,499,265.46
100.13

3.81%
1,501,992.00
17,086.20

0.78%
2,726.54
Aa1/AA+
AA+

2.21 2.07
33

Page 299 of 908 ends

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CNM9 UNITED STATES TREASURY 3.875
07/15/2028 3,000,000.00 07/22/20253.78%
3,008,203.13
3,006,303.14
100.12

3.82%
3,003,516.00
24,406.08

1.55%
(2,787.14)
Aa1/AA+
AA+

2.29 2.16
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 3,000,000.00 --3.85%
3,040,302.73
3,036,074.06
101.25

3.83%
3,037,500.00
11,413.04

1.57%
1,425.94
Aa1/AA+
AA+

2.42 2.27
91282CNY3 UNITED STATES TREASURY 3.375
09/15/2028 3,000,000.00 09/29/20253.63%
2,978,671.88
2,982,282.47

98.97 3.82%
2,969,064.00
4,677.31

1.54%
(13,218.47)
Aa1/AA+
AA+

2.46 2.33
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 2,000,000.00 --4.05%
2,033,945.31
2,026,719.38
101.91

3.81%
2,038,282.00
252.73

1.06%
11,562.62
Aa1/AA+
AA+

2.50 2.34
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 3,000,000.00 --3.81%
3,053,671.88
3,041,917.74
101.38

3.82%
3,041,484.00
43,990.38

1.57%
(433.74)
Aa1/AA+
AA+

2.67 2.46
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 2,250,000.00 01/27/20263.63%
2,241,826.17
2,242,315.67

99.17 3.82%
2,231,367.75
23,149.04

1.15%
(10,947.92)
Aa1/AA+
AA+

2.71 2.53
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 3,000,000.00 --3.91%
3,008,828.13
3,007,170.78
100.45

3.83%
3,013,593.00
19,889.50

1.56%
6,422.22
Aa1/AA+
AA+

2.84 2.64
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 3,000,000.00 --3.84%
3,029,658.20
3,023,798.27
100.83

3.83%
3,024,960.00
338.11

1.57%
1,161.73
Aa1/AA+
AA+

3.00 2.80
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 3,000,000.00 --3.90%
3,064,218.75
3,052,113.36
101.94

3.84%
3,058,125.00
45,247.25

1.58%
6,011.64
Aa1/AA+
AA+

3.17 2.89
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 3,000,000.00 07/22/20253.83%
3,018,281.25
3,015,145.19
100.45

3.86%
3,013,359.00
19,889.50

1.56%
(1,786.19)
Aa1/AA+
AA+

3.33 3.08
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 3,000,000.00 07/22/20253.85%
3,032,226.56
3,027,122.16
100.83

3.88%
3,024,843.00
41,476.65

1.57%
(2,279.16)
Aa1/AA+
AA+

3.67 3.33
91282CMG3 UNITED STATES TREASURY 4.25
01/31/2030 3,000,000.00 --3.72%
3,062,050.78
3,056,342.66
101.27

3.89%
3,037,968.00
21,132.60

1.57%
(18,374.66)
Aa1/AA+
AA+

3.84 3.49
91282CGZ8 UNITED STATES TREASURY 3.5
04/30/2030 3,000,000.00 09/29/20253.72%
2,971,875.00
2,974,951.43

98.48 3.91%
2,954,298.00
44,088.40

1.53%
(20,653.43)
Aa1/AA+
AA+

4.08 3.71
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 5,000,000.00 --3.74%
5,002,617.19
5,002,596.15

99.39 3.91%
4,969,530.00
62,843.41

2.57%
(33,066.15)
Aa1/AA+
AA+

4.17 3.77
91282CHJ3 UNITED STATES TREASURY 3.75
06/30/2030 5,000,000.00 --3.70%
5,010,468.75
5,009,930.66

99.35 3.92%
4,967,580.00
47,133.98

2.57%
(42,350.66)
Aa1/AA+
AA+

4.25 3.85
91282CNN7 UNITED STATES TREASURY 3.875
07/31/2030 5,000,000.00 --3.75%
5,026,367.19
5,025,673.15

99.83 3.92%
4,991,600.00
32,113.26

2.58%
(34,073.15)
Aa1/AA+
AA+

4.33 3.93
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 5,000,000.00 --3.76%
4,970,507.81
4,971,430.11

98.75 3.93%
4,937,695.00
495.22

2.56%
(33,735.11)
Aa1/AA+
AA+

4.50 4.11
34

Page 300 of 908 ends

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 5,000,000.00 --3.78%
4,939,765.63
4,941,507.16

98.16 3.93%
4,908,010.00
58,653.85

2.54%
(33,497.16)
Aa1/AA+
AA+

4.67 4.21
91282CJX0 UNITED STATES TREASURY 4.0
01/31/2031 8,000,000.00 --3.88%
8,040,546.87
8,040,071.99
100.20

3.95%
8,016,248.00
53,038.67

4.15%
(23,823.99)
Aa1/AA+
AA+

4.84 4.33
91282CQG9 UNITED STATES TREASURY 3.875
03/31/2031 5,000,000.00 03/30/20263.98%
4,975,781.25
4,975,794.51

99.68 3.95%
4,983,985.00
529.37

2.58%
8,190.49
Aa1/AA+
AA+

5.00 4.50
Total US Treasury 95,405,000.00 3.82%
95,651,168.03
95,602,970.07

99.99 3.87%
95,388,089.42
731,132.87

49.37%
(214,880.65)

3.28 3.00
Total Portfolio 193,826,006.95 3.31%
194,034,913.67
194,082,165.35

99.57 3.98%
193,193,257.01
1,274,170.60
100.00%
(888,908.34)

2.57 2.24
Total Market Value +
Accrued 194,467,427.61
35

Page 301 of 908 ends

TRANSACTIONS
36

Page 302 of 908 ends

ACQUISITIONS
Purchase 01/14/2026 58989V2M5 1,225,000.00

MET TOWER GLOBAL
FUNDING 4.0
01/14/2029

99.871 4.05% (1,223,419.75) 0.00 (1,223,419.75) 0.00
Purchase 01/21/2026 448970AD5 590,000.00 HALST 26A A3 3.97 12/15/2028 99.985 3.98% (589,913.51) 0.00 (589,913.51) 0.00 Purchase 01/21/2026 89240KAD0 770,000.00 TAOT 2026-A A3 3.86 09/15/2030 99.991 4.13% (769,934.40) 0.00 (769,934.40) 0.00 Purchase 01/21/2026 58770YAD3 535,000.00 MBALT 2026-A A3 3.93 01/15/2030 99.980 3.97% (534,893.91) 0.00 (534,893.91) 0.00 Purchase 01/28/2026 06406RBN6 750,000.00

BANK OF NEW YORK
MELLON CORP 4.543
02/01/2029
101.122 3.96% (758,415.00) (16,752.31) (775,167.31) 0.00 Purchase 01/28/2026 025816EJ4 750,000.00 AMERICAN EXPRESS CO 4.351 07/20/2029 100.519 4.13% (753,892.50) (725.17) (754,617.67) 0.00 Purchase 01/28/2026 00287YDS5 1,000,000.00 ABBVIE INC 4.8 03/15/2029 102.344 3.98% (1,023,440.00) (17,733.33) (1,041,173.33) 0.00 Purchase 01/28/2026 91159HJK7 1,000,000.00 US BANCORP 4.653 02/01/2029 101.121 4.07% (1,011,210.00) (22,877.25) (1,034,087.25) 0.00 Purchase 01/28/2026 17275RBR2 1,500,000.00 CISCO SYSTEMS INC

4.85 02/26/2029 102.504 3.95% (1,537,560.00) (30,716.67) (1,568,276.67) 0.00 Purchase 01/28/2026 91282CMG3 1,500,000.00

UNITED STATES
TREASURY 4.25
01/31/2030
101.887 3.74% (1,528,300.78) (31,355.30) (1,559,656.08) 0.00 Purchase 01/28/2026 91282CHX2 1,750,000.00

UNITED STATES
TREASURY 4.375
08/31/2028
101.848 3.62% (1,782,333.98) (31,724.79) (1,814,058.77) 0.00 Purchase 01/28/2026 91282CPA3 3,000,000.00

UNITED STATES
TREASURY 3.625
09/30/2030

99.277 3.79% (2,978,320.31) (35,851.65) (3,014,171.96) 0.00 Purchase 01/28/2026 91282CPN5 3,000,000.00

UNITED STATES
TREASURY 3.5
11/30/2030

98.648 3.81% (2,959,453.13) (17,019.23) (2,976,472.36) 0.00 Purchase 01/28/2026 91282CPP0 2,250,000.00

UNITED STATES
TREASURY 3.5
12/15/2028

99.637 3.63% (2,241,826.17) (9,519.23) (2,251,345.40) 0.00 37

Page 303 of 908 ends

TRANSACTION LEDGER
City of Pleasanton Managed Account | Account #11313|01/01/2026 Through 03/31/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss Purchase 01/28/2026 912797TL1 5,000,000.00 UNITED STATES TREASURY 05/05/2026 99.036 3.66% (4,951,803.13) 0.00 (4,951,803.13) 0.00 Purchase 01/30/2026 91282CHF1 3,000,000.00

UNITED STATES
TREASURY 3.75
05/31/2030

99.965 3.76% (2,998,945.31) (18,853.02) (3,017,798.33) 0.00 Purchase 01/30/2026 91282CNN7 3,000,000.00

UNITED STATES
TREASURY 3.875
07/31/2030
100.426 3.77% (3,012,773.44) (57,809.10) (3,070,582.54) 0.00 Purchase 01/30/2026 912797TL1 85,000.00 UNITED STATES
TREASURY 05/05/2026 99.057 3.66% (84,198.13) 0.00 (84,198.13) 0.00 Purchase 02/12/2026 36273VAD7 1,050,000.00 GMALT 2026-1 A3 3.88 01/22/2029 99.987 4.11% (1,049,862.56) 0.00 (1,049,862.56) 0.00 Purchase 02/18/2026 448981AD2 1,240,000.00 HART 2026-A A3 3.79 02/18/2031 99.993 4.30% (1,239,916.30) 0.00 (1,239,916.30) 0.00 Purchase 02/18/2026 43815CAD0 930,000.00 HAROT 2026-1 A3 3.78 09/23/2030 99.984 3.03% (929,851.85) 0.00 (929,851.85) 0.00 Purchase 03/06/2026 341081GP6 2,000,000.00

FLORIDA POWER
& LIGHT CO 4.625
05/15/2030
102.066 4.06% (2,041,320.00) (28,520.83) (2,069,840.83) 0.00 Purchase 03/06/2026 828807EB9 2,000,000.00

SIMON PROPERTY
GROUP LP 4.3
01/15/2031

99.852 4.33% (1,997,040.00) (12,661.11) (2,009,701.11) 0.00 Purchase 03/06/2026 91282CHJ3 2,000,000.00

UNITED STATES
TREASURY 3.75
06/30/2030
100.172 3.71% (2,003,437.50) (13,466.85) (2,016,904.35) 0.00 Purchase 03/06/2026 91282CHF1 2,000,000.00

UNITED STATES
TREASURY 3.75
05/31/2030
100.184 3.70% (2,003,671.88) (19,780.22) (2,023,452.10) 0.00 Purchase 03/06/2026 91282CNN7 2,000,000.00

UNITED STATES
TREASURY 3.875
07/31/2030
100.680 3.71% (2,013,593.75) (7,279.01) (2,020,872.76) 0.00 Purchase 03/06/2026 91282CPA3 2,000,000.00

UNITED STATES
TREASURY 3.625
09/30/2030

99.609 3.72% (1,992,187.50) (31,270.60) (2,023,458.10) 0.00 Purchase 03/06/2026 91282CPN5 2,000,000.00

UNITED STATES
TREASURY 3.5
11/30/2030

99.016 3.73% (1,980,312.50) (18,461.54) (1,998,774.04) 0.00 38

Page 304 of 908 ends

UNITED STATES
TREASURY 4.0
01/31/2031
100.879 3.80% (5,043,945.31) (22,099.45) (5,066,044.76) 0.00 Purchase 03/13/2026 023135DD5 570,000.00 AMAZON.COM INC

4.25 03/13/2031 99.733 4.31% (568,478.10) 0.00 (568,478.10) 0.00 Purchase 03/18/2026 47787DAD3 650,000.00 JDOT 2026 A3 3.87 08/15/2030 99.982 4.49% (649,884.82) 0.00 (649,884.82) 0.00 Purchase 03/20/2026 87269AAA8 690,000.00 TMUST 261 A 4.25 10/21/2030 99.979 4.26% (689,853.58) 0.00 (689,853.58) 0.00 Purchase 03/20/2026 24422EYE3 1,000,000.00 JOHN DEERE CAPITAL CORP 4.55 06/05/2030 100.629 4.38% (1,006,290.00) (13,270.83) (1,019,560.83) 0.00 Purchase 03/20/2026 79466LAR5 425,000.00 SALESFORCE INC 4.65 03/15/2029 100.007 4.65% (425,029.75) (384.27) (425,414.02) 0.00 Purchase 03/23/2026 91282CJX0 3,000,000.00

UNITED STATES
TREASURY 4.0
01/31/2031

99.887 4.02% (2,996,601.56) (16,906.08) (3,013,507.64) 0.00 Purchase 03/27/2026 023135DD5 430,000.00 AMAZON.COM INC

4.25 03/13/2031 98.863 4.51% (425,110.90) (710.69) (425,821.59) 0.00 Purchase 03/31/2026 3137FKZZ2 1,795,000.00 FHMS K-088 A2 3.69 01/25/2029 98.434 4.24% (1,766,883.01) (5,519.63) (1,772,402.64) 0.00 Purchase 03/31/2026 91282CQG9 5,000,000.00

UNITED STATES
TREASURY 3.875
03/31/2031

99.516 3.98% (4,975,781.25) 0.00 (4,975,781.25) 0.00
Purchase 03/31/2026 912797QX8 760,000.00 UNITED STATES
TREASURY 06/11/2026 99.280 3.68% (754,524.43) 0.00 (754,524.43) 0.00 Total Purchase 67,245,000.00 (67,294,210.00) (481,268.16) (67,775,478.16) 0.00 TOTAL
ACQUISITIONS 67,245,000.00 (67,294,210.00) (481,268.16) (67,775,478.16) 0.00

DISPOSITIONS
Maturity 01/09/2026 89236THW8 (1,500,000.00)

TOYOTA MOTOR
CREDIT CORP 0.8
01/09/2026
100.000 1.09% 1,500,000.00 0.00 1,500,000.00 0.00
Maturity 01/27/2026 912797SH1 (495,000.00) UNITED STATES TREASURY 01/27/2026 100.000 3.93% 495,000.00 0.00 495,000.00 0.00 39

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FEDERAL NATIONAL

MORTGAGE
ASSOCIATION 0.55
01/28/2026
100.000 0.55% 3,000,000.00 0.00 3,000,000.00 0.00
Maturity 02/08/2026 037833EB2 (2,000,000.00) APPLE INC 0.7 02/08/2026 100.000 0.73% 2,000,000.00 0.00 2,000,000.00 0.00 Maturity 02/23/2026 037833BY5 (3,000,000.00) APPLE INC 3.25 02/23/2026 100.000 0.87% 3,000,000.00 0.00 3,000,000.00 0.00 Maturity 02/26/2026 45950VPS9 (1,000,000.00)

INTERNATIONAL
FINANCE CORP 0.5
02/26/2026
100.000 1.17% 1,000,000.00 0.00 1,000,000.00 0.00
Total Maturity (10,995,000.00) 10,995,000.00 0.00 10,995,000.00 0.00 Sale 01/28/2026 3130AL3S1 (3,000,000.00)

FEDERAL HOME
LOAN BANKS 0.625
02/17/2026

99.826 0.63% 2,994,780.00 8,385.42 3,003,165.42 (5,220.00) Sale 01/28/2026 3130AKXQ4 (3,000,000.00) FEDERAL HOME LOAN BANKS 0.6 02/12/2026 99.868 0.60% 2,996,040.00 8,300.00 3,004,340.00 (3,960.00) Sale 01/28/2026 3130AKZ25 (3,000,000.00)

FEDERAL HOME
LOAN BANKS 0.65
02/26/2026

99.751 0.65% 2,992,530.00 8,233.33 3,000,763.33 (7,470.00) Sale 01/28/2026 3130ALCV4 (3,000,000.00)

FEDERAL HOME
LOAN BANKS 0.75
02/24/2026

99.774 0.75% 2,993,220.00 9,625.00 3,002,845.00 (6,780.00) Sale 01/28/2026 3130AKXJ0 (3,125,000.00) FEDERAL HOME LOAN BANKS 0.6 02/24/2026 99.764 0.62% 3,117,625.00 8,020.83 3,125,645.83 (7,338.01) Sale 01/28/2026 3133EMUK6 (3,000,000.00)

FEDERAL FARM CREDIT

BANKS FUNDING CORP

1.05 03/25/2026

99.591 1.05% 2,987,730.00 10,762.50 2,998,492.50 (12,270.00) Sale 01/30/2026 3130ALDN1 (3,000,000.00) FEDERAL HOME LOAN BANKS 0.8 03/16/2026 99.634 0.80% 2,989,020.00 8,933.33 2,997,953.33 (10,980.00) Sale 02/12/2026 912797SZ1 (855,000.00) UNITED STATES
TREASURY 03/17/2026 99.668 3.83% 852,165.25 0.00 852,165.25 94.04 Sale 03/06/2026 3130ALUC6 (3,000,000.00)

FEDERAL HOME
LOAN BANKS 1.02
04/15/2026

99.694 1.05% 2,990,820.00 11,985.00 3,002,805.00 (9,083.02) 40

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FEDERAL HOME
LOAN BANKS 0.98
03/30/2026

99.808 0.99% 2,994,240.00 12,740.00 3,006,980.00 (5,734.36) Sale 03/06/2026 91282CKK6 (1,000,000.00)

UNITED STATES
TREASURY 4.875
04/30/2026
100.176 4.20% 1,001,757.81 16,968.23 1,018,726.04 778.78 Sale 03/06/2026 912797SZ1 (435,000.00) UNITED STATES
TREASURY 03/17/2026 99.889 3.74% 434,517.43 0.00 434,517.43 2.68 Sale 03/06/2026 912797TL1 (2,320,000.00) UNITED STATES
TREASURY 05/05/2026 99.401 3.66% 2,306,099.33 0.00 2,306,099.33 (67.67) Sale 03/12/2026 3130AMGW6 (3,000,000.00)

FEDERAL HOME
LOAN BANKS 0.98
05/26/2026

99.423 0.99% 2,982,690.00 8,656.67 2,991,346.67 (17,266.87) Sale 03/12/2026 3130AMCL4 (2,795,000.00)

FEDERAL HOME
LOAN BANKS 1.02
05/19/2026

99.482 1.02% 2,780,521.90 8,948.66 2,789,470.56 (14,478.10) Sale 03/12/2026 91282CLB5 (1,000,000.00)

UNITED STATES
TREASURY 4.375
07/31/2026
100.277 4.12% 1,002,773.44 4,834.25 1,007,607.69 1,844.25 Sale 03/12/2026 91282CLS8 (750,000.00)

UNITED STATES
TREASURY 4.125
10/31/2026
100.258 4.32% 751,933.59 11,281.08 763,214.67 2,816.98
Sale 03/20/2026 912797TL1 (650,000.00) UNITED STATES
TREASURY 05/05/2026 99.538 3.66% 646,994.30 0.00 646,994.30 (34.39) Sale 03/23/2026 91282CHY0 (3,000,000.00)

UNITED STATES
TREASURY 4.625
09/15/2026
100.414 4.04% 3,012,421.88 3,016.30 3,015,438.18 4,270.09 Sale 03/27/2026 3130AMHB1 (2,750,000.00)

FEDERAL HOME
LOAN BANKS 0.875
05/26/2026

99.515 0.90% 2,736,662.50 8,087.67 2,744,750.17 (13,224.11) Sale 03/31/2026 91282CLY5 (3,000,000.00)

UNITED STATES
TREASURY 4.25
11/30/2026
100.316 3.98% 3,009,492.19 42,383.24 3,051,875.43 4,419.11 Sale 03/31/2026 912797TL1 (2,115,000.00) UNITED STATES
TREASURY 05/05/2026 99.647 3.66% 2,107,540.95 0.00 2,107,540.95 (103.03) Total Sale (50,795,000.00) 50,681,575.57 191,161.51 50,872,737.08 (99,783.64) 41

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TRANSACTION LEDGER
City of Pleasanton Managed Account | Account #11313|01/01/2026 Through 03/31/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount Interest Pur/Sold Total Amount Gain/Loss TOTAL
DISPOSITIONS (61,790,000.00) 61,676,575.57 191,161.51 61,867,737.08 (99,783.64) 42

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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.

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.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “asis” 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.

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 yieldsrepresent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end. 43

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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

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MALIA M. COHEN
California State Controller

LOCAL AGENCY INVESTMENT FUND

REMITTANCE ADVICE
Agency Name
Account Number

PLEASANTON
As of 4/15/2026, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 3/31/2026.

Earnings Ratio
Interest Rate
Dollar Day Total
Quarter End Principal Balance
Quarterly Interest Earned
$
$
$

0.00010906180047888

3.98%
5,106,959,071.90
66,500,000.00
556,974.15

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CITY OF PLEASANTON
PARS Post-Employment Benefits Trust 3/1/2026 to 3/31/2026 Susan Hsieh
Director of Finance
City of Pleasanton
123 Main Street
Pleasanton, CA 94566
Account Summary
Source 3/1/2026 Contributions Earnings Expenses Distributions Transfers 3/31/2026 PENSION - Short Term 1075 $21,888,157.35 $0.00 -$284,685.54 $5,925.86 $0.00 $0.00 $21,597,545.95 PENSION - Long Term 1076 $39,962,153.89 $0.00 -$1,931,334.21 $10,881.78 $0.00 $0.00 $38,019,937.90 Totals $61,850,311.24 $0.00 -$2,216,019.75 $16,807.64 $0.00 $0.00 $59,617,483.85 Investment Selection
Source
PENSION - Short Term
PENSION - Long Term
Investment Objective
Source
PENSION - Short Term
PENSION - Long Term
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years PENSION - Short Term -1.30% 0.15% 6.54% 6.57% 3.71% - 6/21/2018 PENSION - Long Term -4.83% -0.87% 15.97% 12.44% 6.84% - 6/21/2018 Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Balance as of
Individual Custom Account
City of Pleasanton - Capital Growth
Plan's Inception Date
Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Annualized Return
Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return.

Past performance does not guarantee future results. Performance returns may not reflect the deduction of applicable fees, which could reduce returns. Information is deemed reliable but may be subject to change.

Individual Custom Account
Account Report for the Period
Balance as of
City of Pleasanton

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Page 1 of 2 ends

Item #8

CITY COUNCIL AGENDA REPORT
May 19, 2026
Finance
TITLE: ACCEPT A REPORT ON CITY MANAGER-APPROVED CONTRACTS AND PURCHASE ORDERS FOR THE QUARTER ENDED MARCH 31, 2026

SUMMARY
This report provides an update on City Manager-approved contracts and purchase orders for the quarter ended March 31, 2026. The City Council approved amendments to the Purchasing Policy on December 16, 2025, including an increase to the City Manager’s approval authority for informal bidding for General Goods and Services and Professional Services. This report provides the City Council with a list of the City Manager's approved contracts and purchase orders within the requested range.

RECOMMENDATION
Staff recommends the City Council accept the report on City Manager-approved agreements for the quarter ended March 31, 2026.

BACKGROUND
Changes to the Purchasing Policy approved by the City Council on December 16, 2025, included increasing the City Manager’s approval authority for informal bidding for General Goods and Services (e.g. Equipment, Office Supplies and Repair Services) and Professional Services (e.g. Consulting and Engineering) from $100,000 to $200,000. At the time, the City Council requested reports on contracts and purchase orders approved within the expanded dollar range of $100,001 to $200,000.

DISCUSSION
The attached report provides the City Council with a list of the City Manager-approved contracts and purchase orders within the requested range. The City Manager approved ten contracts and purchase orders valued between $100,001 to $200,000. The ten agreements had a combined value of $1,729,922 and related to the operations of six different departments.

EQUITY AND SUSTAINABILITY
Not applicable, as this matter is a routine administrative item of City business.

OUTREACH
No outreach was conducted as this item is a routine administrative matter of City business.

STRATEGIC PLAN ALIGNMENT
This matter is aligned with the ONE Pleasanton strategic plan goal of Funding Our Future supporting the City’s financial health and sound fiscal policies.

FISCAL IMPACT

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There is no direct fiscal impact for accepting the report on the City Manager approved agreements.

Prepared by: Submitted by: Approved by:

Dawn DeMarcus, Senior
Budget and Finance Analyst
Susan Hsieh, Director of Finance Gerry Beaudin, City
Manager
Attachments:

1. List of Contracts and POs Approved for the Quarter Ended March 31, 2026

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Attachment 1
Report on City Manager Approved Agreements for Quarter Ended March 31, 2026 Vendor Department Description Amount
STOEL RIVES LLP CITY ATTORNEY LPFD JPA PFAS INVESTIGATION, ET AL. 200,000 $ CAROLLO ENGINEERS PUBLIC WORKS EVALUATION OF GROUNDWATER SUPPLY 107,354 $ GOT POWER INC. PUBLIC WORKS DIESEL GENERATOR REPLACEMENT FOR FS #2 136,818 $ ROTH STAFFING COMPANIES, L.P. HUMAN RESOURCES TEMPORARY STAFFING 150,000 $ GOVCONNECTION, INC. INFORMATION TECHNOLOGY TECH EQUIPMENT, SOFTWARE, AND SOLUTIONS 150,000 $ AGILITY RECRUITING PUBLIC WORKS TEMPORARY STAFFING 190,000 $ 4LEAF INC COMMUNITY & ECONOMIC DEVELOPMENT TEMPORARY STAFFING 195,750 $ LIFE EXTENSIONS CLINICS, INC HUMAN RESOURCES LIFE SCAN WELLNESS 200,000 $ BURKE, WILLIAMS & SORENSEN LLP HUMAN RESOURCES SPECIALIZED LEGAL SERVICES 200,000 $ HINDERLITER, DE LLAMAS & ASSOC FINANCE BUSINESS LICENSE DISCOVERY SERVICES 200,000 $ Total 1,729,922 $

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Page 1 of 2 ends

Item #9

CITY COUNCIL AGENDA REPORT
May 19, 2026
Human Resources
TITLE: ADOPT A RESOLUTION APPROVING THE PROPOSED MEMORANDUM OF

UNDERSTANDING BETWEEN THE CITY OF PLEASANTON AND THE

PLEASANTON POLICE OFFICERS' ASSOCIATION WITH TERM ENDING MAY 31, 2029

SUMMARY
The Memorandum of Understanding (MOU) between the City and the Pleasanton Police Officers' Association (PPOA) expires on May 31, 2026. Representatives from PPOA and the City met and conferred in good faith and have agreed to a successor agreement. The City’s practice is to introduce the key elements of the proposed MOU, receive public input, and allow open discussion before adopting the agreement at the next public meeting. This public input process was conducted at the May 5, 2026 City Council meeting; the final step is for the City Council to approve the successor agreement, with a term ending May 31, 2029.

RECOMMENDATION
Adopt a resolution approving the proposed Memorandum of Understanding between the City of Pleasanton and the Pleasanton Police Officers' Association with term ending May 31, 2029.

BACKGROUND
The current Memorandum of Understanding (MOU) between the City and the Pleasanton Police Officers' Association (PPOA) covers the period June 1, 2023 to May 31, 2026.

Representatives of the City met and conferred with representatives of PPOA and developed a successor agreement with a term ending May 31, 2029.

DISCUSSION
In accordance with the Meyers-Milias-Brown Act, the parties engaged in good faith negotiations regarding matters within the scope of representation, including wages, hours, and other terms and conditions of employment.

EQUITY AND SUSTAINABILITY
Not applicable, as this is a routine matter of City business.

OUTREACH
The agenda for the May 5, 2026 City Council meeting provided an opportunity for public input and comments on the key elements of the tentative agreement.

STRATEGIC PLAN ALIGNMENT
Approval of this action advances the Citywide strategic goal of Optimizing Our Organization by continuously improving the organization’s ability to deliver quality services to the public, supporting our employees’ professional development, hiring top talent, and encouraging

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innovation in how we work.

FISCAL IMPACT
The estimated increase to the budget for the three-year contract is $4.9 million. The financial impact of implementing the successor MOU will be reviewed as part of the City’s budget update. Staff will incorporate any necessary adjustments into the Mid-Year Budget Update in February 2027 and the next biennial budget development process.

Prepared by: Submitted by: Approved by:

Xaviera Scoggins, Director
of Human Resources &
Labor Relations
Xaviera Scoggins, Director of Human
Resources & Labor Relations
Gerry Beaudin, City
Manager
Attachments:

1. Resolution

2. Proposed PPOA MOU

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ATTACHMENT 1
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON

APPROVING A MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF PLEASANTON AND THE PLEASANTON POLICE OFFICERS’
ASSOCIATION FOR THE TERM OF JUNE 1, 2026 THROUGH MAY 31, 2029 WHEREAS, the Memorandum of Understanding between the City of Pleasanton and the Pleasanton Police Officers’ Association expires on May 31, 2026; and WHEREAS, representatives from the City of Pleasanton have met and conferred with representatives of the Pleasanton Police Officers’ Association and prepared a successor agreement covering the period June 1, 2026 through May 31, 2029.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING:

SECTION 1. Approve and authorize the City Manager to execute the Memorandum of Understanding between the City of Pleasanton and the Pleasanton Police Officers’ Association for the term commencing June 1, 2026 through May 31, 2029.

SECTION 2. City Clerk shall certify to the passage of this resolution and enter it into the book of original resolutions.

PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on May 19, 2026.

I, Jocelyn Kwong, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on the 19th day of May 2026, by the following vote:

Ayes:

Noes:

Absent:

Abstain:
_____________________________
Jocelyn Kwong, City Clerk
APPROVED AS TO FORM:
_______________________________
Daniel G. Sodergren, City Attorney

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ATTACHMENT 2
City of Pleasanton
And
Pleasanton Police Officers’
Association
Memorandum of Understanding
June 1, 2026 through May 31, 2029

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MEMORANDUM OF UNDERSTANDING
Pleasanton Police Officers’ Association, and representatives of the City of Pleasanton, have met and conferred in good faith regarding wages, hours, and other terms and conditions of employment of employees in the representation unit specified in Section 1, have exchanged freely information, opinions and proposals, and have endeavored to reach agreement on all matters relating to the employment conditions and employeremployee relations of such employees.

This Memorandum of Understanding is entered into pursuant to the Meyers-MiliasBrown Act (Government Code Section 3500, et seq.) and has been jointly prepared by the parties.

This Memorandum of Understanding shall be presented to the City Council as the joint recommendation of the undersigned for salary and employee benefit adjustments for the period commencing June 1, 2026 and ending May 31, 2029.

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iii

TABLE OF CONTENTS
SECTION 1. RECOGNITION...................................................................................................1 SECTION 2. ASSOCIATION SECURITY ................................................................................1 SECTION 3. DISCRIMINATION ..............................................................................................3 SECTION 4. CONTINUATION OF BENEFITS........................................................................3 SECTION 5. ASSOCIATION REPRESENTATIVES ...............................................................3 SECTION 6. CITY RIGHTS......................................................................................................3 SECTION 7. SALARIES ..........................................................................................................4 SECTION 8. OVERTIME..........................................................................................................8 SECTION 9. COURT TIME......................................................................................................9 SECTION 10. HOLIDAYS......................................................................................................10 SECTION 11. VACATIONS ...................................................................................................10 SECTION 12. SICK LEAVE...................................................................................................13 SECTION 13. LEAVE OF ABSENCE....................................................................................15 SECTION 14. HEALTH AND WELFARE COVERAGE.........................................................16 SECTION 15. RETIREMENT.................................................................................................22 SECTION 16. UNIFORMS .....................................................................................................22 SECTION 17. EDUCATIONAL INCENTIVE TUITION AND BOOK REIMBURSEMENT PROGRAM..............................................................................................................................23 SECTION 18. PROBATIONARY PERIOD ............................................................................24 SECTION 19. PROMOTION ..................................................................................................25 SECTION 20. TRANSFER.....................................................................................................26

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iv
SECTION 21. RESIGNATION, REINSTATEMENT, AND LAYOFF......................................26 SECTION 22. DISCIPLINE ....................................................................................................27 SECTION 23. GRIEVANCES.................................................................................................28 SECTION 24. MEDICAL EXAMINATION..............................................................................30 SECTION 25. OUTSIDE EMPLOYMENT..............................................................................31 SECTION 26. SEPARABILITY OF PROVISIONS.................................................................31 SECTION 27. PRINTING OF MEMORANDUM OF UNDERSTANDING ..............................31 SECTION 28. MISCELLANEOUS .........................................................................................31 SECTION 29. PAST PRACTICES AND EXISTING MEMORANDUM OF UNDERSTANDING ................................................................................................................................................37 EXHIBIT A...............................................................................................................................38 SALARY SCHEDULE.............................................................................................................38 EXHIBIT B...............................................................................................................................41 ANNUAL VACATION SIGN UP AND SHIFT/ASSIGNMENT BID.......................................................41 EXHIBIT C...............................................................................................................................42 SENIORITY SHIFT SIGN UP PROGRAM............................................................................................42 EXHIBIT D...............................................................................................................................45 CATASTROPHIC LEAVE POLICY......................................................................................................45 EXHIBIT E...............................................................................................................................46 POA SURVEY AGENCIES ..................................................................................................................46 EXHIBIT F...............................................................................................................................47 DEFINITION OF UNFORESEEABLE EMERGENCY ..........................................................................47

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1 Section 1. Recognition
Pleasanton Police Officers' Association, hereinafter referred to as "Association" or PPOA, is the formally recognized employee organization for the Police Employees Unit comprised of the classifications of Police Officer and Police Sergeant certified pursuant to the EmployerEmployee Relations Procedures and Resolution No. 98-46, adopted by the City of Pleasanton City Council on May 5, 1998.

Section 2. Association Security

2.1 Dues Deduction
Upon receipt of a written assignment and authorization signed by the employee on the form shown below, the City agrees to deduct from each pay check of such employee in each calendar month an amount which will total the dues required for membership in the Association. The amount so deducted shall be remitted by the City to the officer designated in writing by the official of the Association as the person authorized to receive such funds.

The Association shall notify the City Manager in writing as to the amount of such dues required of its members.

The employee's earnings must be regularly sufficient after other legal and required deductions are made to cover the amount of the dues check-off authorized. When an employee is in a nonpay status for an entire pay period, no withholding will be made to cover that pay period from future earnings. In the case of any employee who is in a non-pay status during only part of the pay period, and the salary is not sufficient to cover the full withholding, no deduction shall be made. In this connection, all other legal and required deductions have priority over Association dues. In addition, in order to meet certain accounting deadlines, all payroll changes connected with the deduction of said Association dues must be made by the fifteenth (15th) of the preceding month.

The Association shall indemnify, defend, and hold the City harmless against any and all claims, demands, suits, proceedings or court orders, or any other liability that may arise out of or by reason of action taken or not taken by the City for the purpose of complying with any of the provisions of this check-off agreement. In addition, the Association shall refund to the City any amounts paid to it in error upon presentation of supporting evidence.

The employee's authorization request shall be in the following terms:
"Date: ___________________________
You are hereby authorized and requested to deduct from wages due me such amount as which will total the current amount of my Association dues as reported to you by the Pleasanton Police Officers' Association and to make such deductions for each and every succeeding month unless and until I revoke this assignment in writing. You are hereby authorized and you are to pay the total amount deducted each month to Pleasanton Police Officers' Association.

This assignment is voluntary.
_________________________________"
Signature

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2 2.2 Communication with Employees
Any representative of the Association shall give notice to the Chief of Police (through the chain of command) when contacting City employees during the duty period of the employees, provided that solicitation for membership or other internal employee organization business shall be conducted only during the off-duty hours of all employees concerned. Prearrangement for routine contact may be made by agreement between the Association and the Chief of Police and when made shall continue until revoked.

2.3 Bulletin Boards
The Association may use portions of City bulletin boards under the following conditions:
(1) All materials must receive the approval of the department or division head or designee in charge of the departmental bulletin board.
(2) All materials must be dated and must identify the organization that published them or requested the posting. Typical postings may include meeting notices, minutes of meetings or organizational informational materials.
(3) The actual posting of materials will be done by the Association as soon as possible after they have been approved by the Department. All posted materials shall comply with the City’s harassment/discrimination standards and shall not include political or personal endorsements or opinions.

Unless special arrangements are made, materials posted will be removed 31 days after the publication date.
(4) The City reserves the right to determine where bulletin boards shall be placed and what portion of them are to be allocated to employee organizations' materials. (5) An employee organization that does not abide by these rules will forfeit its right to have materials posted on City bulletin boards.

2.4 Use of City Buildings
City buildings and other facilities may be made available for use by City employees or the Association or its representatives in accordance with such administrative procedures as may be established by the City Manager or his/her designated representative.

2.5 Advance Notice
Except in cases of emergency, the Association, if affected, shall be given reasonable advance written notice of any ordinance, resolution, rule or regulation directly relating to matters within the scope of representation proposed to be adopted by the City and shall be given the opportunity to meet and confer with the appropriate management representatives prior to adoption.

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3 In case of emergency, the City may adopt or put into practice immediately such measures as are required. At the earliest practicable date thereafter the Association shall be provided with the notice described in the preceding paragraph and be given an opportunity to meet and confer with the appropriate management representatives.

Section 3. Discrimination
Neither the City, the Association, nor any person employed by them shall discriminate against any employee, or applicant for employment because of race, color, religion, sex, national origin, age, medical condition, pregnancy, marital status, sexual orientation or disability, except where such factors are determined to be a bona fide occupational qualification. Furthermore, the City shall not discriminate against any employee because of legitimate employee organization activities.

Section 4. Continuation of Benefits
The Association and the City acknowledge and agree that this Memorandum of Understanding may contain and/or discuss benefits that will affect current retirees and former members of the Association, or current members of the Association who may retire during the term of this Memorandum of Understanding. Neither the City nor the Association warrant or agree that current level of benefits which may be provided to retirees in the form of health benefits will be maintained at the same level beyond the term of this contract, even though it is neither the intention of the City nor the Association to decrease or diminish the value or level of benefits to its retirees by the inclusion of this paragraph in the memorandum of understanding.

Section 5. Association Representatives
City Employees who are official representatives of the Association shall be given reasonable time off with pay to attend meetings with management representatives, or to be present at hearings where matters within the scope of representation are being considered. The use of official time for this purpose shall be reasonable and shall not interfere with the performance of City services as determined by the City. Such employee representatives shall submit requests for excused absences to the Chief of Police or designee, with reasonable notice prior to the scheduled meeting whenever possible. Generally, no more than three (3) employees shall be excused for such purposes. Additional representatives may be authorized by the Chief of Police or designated representative. The Association shall submit a list of the officers of the Association to the Chief of Police and City Manager and notify both in writing at such time there are any changes in such Association officers.

Section 6. City Rights
The rights of the City include, but are not limited to, the exclusive right to determine the mission of its constituent departments, commissions and boards; set standards of service; determine the procedures and standards of selection for employment and promotion; direct its employees, take disciplinary action, relieve its employees from duty because of lack of work or for other legitimate reasons; maintain the efficiency of governmental operations; determine the methods, means and personnel by which government operations are to be conducted; determine the content of job classifications; take all necessary actions to carry out its mission in emergencies; to exercise complete control and discretion over its organization and the technology of performing its work.

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4 None of the aforementioned language will supersede the provisions of this Memorandum of Understanding reached by mutual agreement of both negotiating parties (PPOA and City of Pleasanton).

Section 7. Salaries

7.1 Rates of Pay
The salary ranges for all employees in the Police Employee Unit as set forth in Exhibit A represent, for each classification, the standard rate of pay for full time employment and represent the total compensation due employees, except for overtime compensation and other benefits specifically provided by the City. See Exhibit A for salary ranges for each year covered by this Memorandum of Understanding.

Effective the first pay period on or after June 1, 2026 (June 6, 2026), the salary ranges of all classifications represented by the Association shall be increased by three percent (3%).

Effective the first pay period on or after June 1, 2027 (June 5, 2027), the salary ranges of all classifications represented by the Association shall be increased by three and one-half percent (3.5%).

Effective the first pay period on or after June 1, 2028 (June 3, 2028), the salary ranges of all classifications represented by the Association shall be increased by four percent (4%).

7.2 Field Training Officer Pay
Qualified Field Training Officers having been given a training assignment by a supervisor shall receive an amount equal to five percent (5%) of their regular monthly pay for each month in which they spend forty (40) hours training. If the hours spent training are less than forty in a month, the officer shall receive 5% of their regular hourly rate of pay for each hour spent training. Motorcycle training officers engaged in forty (40) hours of training in a month shall receive Field Training Officer pay.

7.3 Acting Pay
An employee meeting the minimum qualifications may be temporarily promoted to an authorized position on an “acting” basis. The employee temporarily promoted shall be compensated at the pay rate for the position he/she is filling, until such time as the position is filled on a permanent basis or he/she returns to his/her previous position.

7.4 Acting Lieutenant Pay
A Police Sergeant assigned by the Police Chief to serve as acting lieutenant for a minimum consecutive period of seven (7) calendar days shall receive a sum equal to five percent (5%) of their regular hourly rate of pay for each hour worked in said acting assignment. Additionally, a Police Sergeant in an acting assignment remains part of the PPOA bargaining unit and will receive all pay and benefits as proscribed in this agreement.

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5 7.5 Canine Responsibility Pay
Officers assigned canine responsibilities will receive eight (8) hours of pay per pay period, paid at time and one-half the straight time hourly rate of pay, inclusive of education pay, in recognition of the time spent in the care, grooming, feeding and activities related to canine handling.

The parties agree that this provision meets FLSA standards.

7.6 POST Pay
Employees who possess an Intermediate POST Certificate shall receive an amount equal to five percent (5%) of base pay and employees who possess an Advanced POST Certificate shall receive an amount equal to seven percent (7%) of base pay.

Employees will be eligible to begin receiving POST pay after the Human Resources Department receives written confirmation from the Police Chief that all requirements for the applicable POST Certificate have been satisfied. The eligible employee’s POST pay will be effective the first full pay period after the Human Resources’ receipt of the Police Chief’s written confirmation.

7.7 On Call Pay
Employees who on their scheduled time off duty may be placed on an on-call status by a Division Commander. Any such assignment shall be for a minimum period of eight (8) hours or more. Employees so assigned shall receive an amount equal to fifteen percent (15%) of their hourly base rate of pay for each hour spent on call.

7.8 Entrance Salary
The entrance salary for a new employee entering the City service shall be the minimum salary for the class to which he/she is appointed. When circumstances warrant, the Appointing Authority may authorize original appointment or reinstatement at other than the minimum rate.

7.9 Conversion of Pay Rates
Any monthly rate of pay may be converted into any equivalent rate of pay or to any other time basis when, in the judgment of the City Manager, such a conversion is advisable. In determining the equivalent amounts on different time basis, the City Manager shall provide tables or regulations for use in converting monthly salaries to hourly rates, as well as for calculating hourly rates.

7.10 Salary Advancement
Permanent and probationary employees serving in regular established positions shall be advanced from the Initial Placement Step to the next Step in their respective classifications after completion of twelve (12) months of full-time satisfactory service, and thereafter shall be advanced to the next higher step after completion of one (1) year of full-time satisfactory service, in each of the salary steps for the classification until the top of the range is reached.

No salary advancement shall be made so as to exceed any maximum rate established in the pay plan for the class to which the advanced employee's position is allocated.

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6 Advancements shall not be automatic but shall depend upon increased service value of an employee to the City as exemplified by recommendations of his/her supervising official, length of service, performance record, special training undertaken, or other pertinent evidence, within the advancement policy established by the pay plan. Any employee shall not normally be eligible for advancement in pay until he/she has successfully completed his/her probationary period, or any extension thereof, as provided in Section 19.

Changes in an employee's salary because of promotion or demotion establish a new salary anniversary date for that employee. Salary range adjustments for a classification will not establish a new salary anniversary date for employees serving in that classification.

7.11 Salary Step When Salary Range is Increased
Whenever the monthly schedule of compensation for a class is revised, each incumbent in a position to which the revised schedule applies shall be entitled to the step in the revised range which corresponds to the step held by him/her in the previous range.

7.12 Salary Step After Promotion or Demotion
When an employee is promoted from a position in one class to a position in a higher class, he/she shall receive the minimum rate for the higher class; provided, however, that such step is at least five percent (5%) above his/her current wage rate. When an employee is demoted, whether such demotion is voluntary or otherwise, that employee's compensation shall be adjusted to the salary prescribed for the class to which he/she is demoted. The specific rate of pay within the range shall be determined by the City Manager, whose decision shall be final; provided, however, that the employee's rate of pay shall not be set at a lower rate than he/she would have received had he/she remained in the lower class.

7.13 Longevity Pay
Effective the first full pay period following June 1, 2026 (June 6, 2026), employees shall be eligible for two percent (2%) Longevity Pay beginning the first full pay period following the completion of 8 years of sworn peace officer service (minimum of two (2) years with Pleasanton), and four percent (4%) Longevity Pay beginning the first full pay period following the completion of 12 years of sworn peace officer service (minimum of four (4) years with Pleasanton).

Effective the first full pay period following June 1, 2028 (June 3, 2028), employees shall be eligible for three percent (3%) Longevity Pay beginning the first full pay period following the completion of 8 years of sworn peace officer service (minimum of two (2) years with Pleasanton), and six percent (6%) Longevity Pay beginning the first full pay period following the completion of 12 years of sworn peace officer service (minimum of four (4) years with Pleasanton).

The above longevity incentive pay is not cumulative. Employees receive compensation at a level that corresponds to their total length of service.

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7 7.14 Special Assignment Premiums
Effective the first pay period on or after June 1, 2024, employees designated as Crime Scene Investigators shall receive a Crime Scene Investigator premium equal to two and one-half percent (2.5%) of base pay. Effective June 1, 2025, employees designated as Crime Scene Investigators shall receive a Crime Scene Investigator premium equal to five percent (5%) of base pay.

Effective the first pay period on or after June 1, 2024, employees assigned to work as detectives/investigators (including employees assigned to the Special Enforcement Unit) shall receive a Detective Division premium equal to two and one-half percent (2.5%) of base pay.

Effective June 1, 2025, employees assigned to work as detectives/investigators (including employees assigned to the Special Enforcement Unit) shall receive a Detective Division premium equal to five percent (5%) of base pay.

Effective the first pay period on or after June 1, 2024, employees assigned to the Traffic/Motors division shall receive a Motorcycle Patrol premium equal to two and one-half percent (2.5%) of base pay. Effective June 1, 2025, employees assigned to the Traffic/Motors division shall receive a Motorcycle Patrol premium equal to five percent (5%) of base pay.

Due to the nature of their job duties, Police employees assigned to the SWAT Team and Hostage Negotiations Team (HNT) are routinely and consistently exposed to hazardous substances and engage in hazardous activities to implement health and safety procedures.

Beginning June 1, 2024, these employees will receive a SWAT/HNT Assignment Premium Pay equal to two and one-half percent (2.5%) of base pay. Effective June 1, 2025, the SWAT/HNT Assignment Premium Pay shall be increased to five percent (5%) of base pay.

Effective June 1, 2026, there will be a cap of ten percent (10%) for all combined special assignment premium pay over and above salary.

7.15 Bilingual Pay
The parties mutually acknowledge that employees in represented classifications are routinely and consistently assigned to positions requiring communication skills in languages other than English. The City agrees to pay a premium of one hundred dollars ($100.00) per pay period to employees with bilingual skills.

Qualifying languages for bilingual assignment include:
• Spanish
• Mandarin
• Farsi
• Punjabi
• Any foreign language as determined by the City
• American Sign Language (ASL)
Employees receiving bilingual pay will provide bilingual services as needed to provide police services while on duty. Upon the Police Chief’s written recommendation, Human Resources shall approve a bilingual assignment once the employee has undergone appropriate testing and been certified as bilingual. Employees receiving bilingual pay are subject to periodic

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8 recertification as a condition of receiving such payments. The City reserves the right to remove a bilingual qualifying language when it is determined that the need for such services no longer exists, however, the City shall provide the Association with advance written notice and an opportunity to meet and confer prior to implementing any changes to qualifying bilingual languages.

7.16 Shift Differential
Effective the first full pay period following June 1, 2026 (June 6, 2026), employees whose regularly scheduled work shifts include the hours between midnight and 0600 hours will receive a three percent (3%) shift differential for all hours in paid status.

Effective the first full pay period following June 1, 2028 (June 3, 2028), employees whose regularly scheduled work shifts include the hours between midnight and 0600 hours will receive an additional two percent (2%) shift differential for a total of five percent (5%) for all hours in paid status.

Section 8. Overtime

8.1 Shift Extension Overtime
Employees who are required to work in excess of their regular work day shall be entitled to overtime compensation for all hours so worked; provided, however, that the overtime rate shall be computed at one and one-half (1-1/2) times the employee's regular rate of pay as calculated as follows:
1 through 15 minutes 15 minutes
16 through 30 minutes 30 minutes
31 through 45 minutes 45 minutes
46 through 60 minutes 60 minutes

8.2 Non-scheduled Overtime/Call Back
If an employee who has completed his/her regular work day is called back to work, 30 minutes after the completion of his/her scheduled shift, or any extension thereof, he/she shall upon reporting within a reasonable time after notification, will be compensated for all work performed outside of his/her regular duty shift at the overtime rate, commencing with the time of notification, but in no event shall he/she receive less than four (4) hours of overtime compensation for each such call back.

8.3 Mandatory Meetings, Special Events, or Assigned Work Outside Shift Employees who staff a special event or are ordered to perform any official duties outside of their regularly scheduled work hours shall receive a minimum of four (4) hours of pay at time and one-half (1 ½) unless the assigned work is contiguous with the beginning or end of the employees’ regular shift. Employees participating in work covered in this section lasting less than four (4) hours may, at the discretion of the Watch Commander, be assigned to additional law enforcement duties that the Watch Commanders deems legitimate and meaningful to cover the four hours. The Watch Commander will not cause officers to perform frivolous and unnecessary work in order to cover the four-hour time period. Employees who are required to attend a virtual meeting outside of their regularly scheduled work hours shall receive a minimum of two (2) hours of pay at time and one-half (1 ½) hours unless the assigned work is

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9 contiguous with the beginning or end of the employees’ regular shift. Virtual Meeting attendance shall require prior approval of a supervisor or manager.

8.4 Payment
Employees may be compensated for overtime worked either by monetary payment or by compensatory time off at the option of the employee. Compensatory time shall accrue at the rate of one and one-half times the overtime hours worked up to a maximum accrual of onehundred and twenty-five (125) hours. After one hundred and twenty-five (125) hours, all overtime worked shall be paid.

8.5 Use of Compensatory Time off
Compensatory time must be taken in minimum increments of one half (1/2) hour. Utilization of compensatory time off shall be by mutual agreement between the Chief of Police and the employee. Requests for compensatory time off more than ninety (90) days beyond the date of the request will generally not be accepted. Employees will be notified of the status of their request within fifteen (15) days of submission of the request.

Twice per year, employees may be paid for all accrued compensatory time. Said payments shall be made on the first pay date on or after May 1st and on the first pay date on or after November 1st. Written requests for payment must be made by the employee fifteen days in advance of the first pay date in May and November.

Section 9. Court Time

9.1 Local
Employees who are ordered to report to work during their off-duty hours or who are assigned to or placed on telephone stand-by for the purpose of responding to a subpoena or other official notice to appear in court or at Department of Motor Vehicle hearings within the LivermorePleasanton Judicial District and who do so at the specified time shall receive a minimum of four (4) hours pay at time and one-half (1-1/2). This provision does not apply to instances where employees are ordered to report to work less than four (4) hours prior to their regular starting time or are held over less than four (4) hours after their regular quitting time for the purpose of appearing in court. Compensation may be in the form of monetary payment or compensatory time off. On-call Department of Motor Vehicle Hearings shall be subject to compensation as outlined in this section.

9.2 Non-Local
Employees who are ordered to report to work or be assigned to or placed on telephone stand-by during their off-duty hours for the purpose of responding to a subpoena or other official notice to appear in court or at Department of Motor Vehicle hearings outside the LivermorePleasanton Judicial District and who do so at the specified time shall receive a minimum of five (5) hours pay at time and one-half (1-1/2). This provision does not apply to instances where employees are ordered to report to work less than five (5) hours prior to their regular starting time or are held over less than five (5) hours after their regular quitting time for the purpose of appearing in court. Compensation may be in the form of monetary payment or compensatory time off.

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10 Section 10. Holidays

10.1 Holiday In-Lieu Pay
Employees shall be compensated each year for working holidays through receipt of holiday inlieu pay and shall be paid at seven and five-tenths percent (7.5%) of the employee's annual salary exclusive of any overtime and shall be in addition to the employee's regular monthly salary. Holiday in-lieu pay shall be paid in two equal installments, the first installment paid on the first pay date on or after November 1st, and the second installment paid on the first pay date on or after May 1st.

Employees shall receive pro-rated pay upon termination.

Effective the pay period beginning October 26, 2024, holiday in-lieu pay shall be paid on a biweekly basis.

10.2 Additional Paid Time Off
Eighty (80) hours of additional paid time off shall be credited to each employee each January for use during the calendar year in which the hours are credited and are not available for cash out. These hours will be lost if not used by December 31st of each calendar year.

Employees hired between January 1 and July 1 of any calendar year, shall be credited with one half (40 hours) of the yearly annual accrual of additional paid time off subject to the scheduling, approval and observance processes outlined in paragraph one of this section.

Non-probationary members shall schedule the use of these hours during the annual vacation sign-up. Probationary members shall schedule the use of PTO directly with their supervisors.

These additional hours do not extend the maximum time that any employee may schedule during the vacation sign up process.

Section 11. Vacations

11.1 Vacation Eligibility
All full-time employees in classification of police officer and police sergeant shall be entitled to annual vacation leave with pay except the following:
(1) Employees who work on a provisional basis.

11.2 Vacation Accruals
Each eligible employee shall accrue vacation as follows:

Years of Continuous Service Accrual Rate Per Month
First through fourth 6.667
Fifth through ninth 10.000
Tenth through fourteenth 13.334

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11 Fifteenth 14.000
Sixteenth 14.667
Seventeenth 15.334
Eighteenth 16.000
Nineteenth and above 16.667
The maximum monthly accrual rate shall be 16.667 hours.

An employee, except a probationary employee, may be allowed to incur a forty (40) hour deficit beyond his/her accrued vacation.

Once an employee reaches a deficit of forty (40) hours of vacation leave, the employee will not be permitted to use any additional vacation leave until they have accumulated a positive balance of vacation leave.

Effective June 1, 2026, employees hired as laterals, including current employees hired prior to June 1, 2026, shall have their vacation accrual rate adjusted to a rate commensurate with their total years of law enforcement experience as a sworn peace officer, in accordance with the above schedule.

11.3 Vacation Accumulation
An employee will be allowed to have an accumulation of no more than two (2) year's vacation accrual to his/her credit at any one time.

11.4 New Vacation Cap and Implementation
A. New Vacation Cap
Effective January 1, 2013, the vacation cap shall change to four hundred (400) hours.

Thereafter, at any time an employee reaches four hundred (400) hours, the employee will cease accruing vacation until such time as the balance falls below the cap. After January 1, 2013, no employee will be allowed to accrue vacation hours above the cap. However, in the event an employee has requested to take vacation but been denied or there were other circumstances that prevented the employee from taking vacation, the employee may submit a written request to the City Manager, or designated Assistant City Manager, for special consideration to carry over vacation balances beyond four hundred (400) hours.

B. Implementation
Effective February 1, 2012, any vacation hours in excess of three hundred (300) will be placed in a separate vacation bank.

11.5 Separate Vacation Bank
Effective February 1, 2012, any accrued vacation in excess of three hundred (300) hours will be placed in a separate Vacation Bank for each affected employee. Employees shall be entitled to use or sell the hours in the Bank for vacation or for extended leave in the same manner as regular vacation hours. The hours shall be paid out at the pay rate of the employee when utilized.

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12 11.6 Vacation Sell Back
Effective through December 31, 2026, the following process shall remain in effect: Employees may request to sell back up to one hundred twenty (120) hours of accrued vacation in each calendar year. Employees may sell accrued time in one (1) hour increments with a minimum of eight (8) hours on the first pay date on or after February 1st and on the first pay date on or after August 1st of each year.

Written requests for payment must be made by the employee fifteen days in advance of the first pay date in February and August.

Beginning in calendar year 2027, employees may request to sell back vacation hours on either or both the first pay date on or after June 1 and the first pay date on or after December 1. At each pay date, employees may sell back up to the amount of vacation they have accrued during that calendar year as of the pay date(s) elected, up to a maximum of one hundred twenty (120) hours for the year. Written elections must be submitted by December 31 of the preceding calendar year.

Employees may sell accrued time in one (1) hour increments, with a minimum of eight (8) hours.

Elections will not carry over from one calendar year to the next calendar year. An employee who fails to elect by December 31st of the preceding calendar year to sell vacation for the following year will be deemed to have elected not to participate, and they will be prohibited from receiving any vacation sell back during that year.

An employee’s election regarding vacation sell back shall be irrevocable, except in the event of an unforeseeable emergency, as defined by IRS rules and regulations as in effect on September 17, 2024. The definition of “unforeseeable emergency” is included in Exhibit F for reference.

In the event of such unforeseeable emergency, an employee may apply to the Director of Human Resources and Labor Relations to receive vacation sell back in an amount that is reasonably necessary to satisfy the emergency need, up to one hundred twenty (120) hours of accrued vacation leave, including any amounts that may be necessary to pay any federal, state, or local income taxes or penalties reasonably anticipated as a result of the vacation sell back.

11.7 Annual Vacation Sign Up Program
Annual vacation sign-ups will be based on eligibility and seniority and will follow the process, as set forth under the Seniority Shift Sign Up Program, attached as Exhibit C.

Personnel who participate in the Annual Vacation Sign Up will be eligible to identify vacation selections on a seniority basis but may only select up to one year accrued vacation time (PTO time not included).

All annual vacations will be scheduled for the employees’ full work week to include protecting the “weekends’ off on both sides of the week. Multiple weeks in a row can be taken off but must be done in full week increments.

Personnel who have signed up and have been approved for annual vacation will be required to take that time off. Changes will not be granted once annual vacations have been selected

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13 unless extenuating circumstances exist justifying such changes and subject to the Division Commander’s approval.

Requests for vacation outside the annual vacation sign up program will usually not be accepted any earlier than ninety (90) days in advance of the requested time off. The Division Manager will have 30 days in which to make a decision on the request. If the request is made less than 30 days prior to the requested date(s) off, the Division Manager will have a reasonable time in which to make the decision.

11. 8 Vacation Pay at Termination
Employees shall be paid for all accrued vacation leave earned prior to the effective date of termination. Such compensation for earned vacation shall be paid to the employee in one lump sum in a final check.

In the event an employee has a negative vacation accrual balance at the time of separation, the amount owed shall be deducted from the employee’s final pay.

Section 12. Sick Leave

12.1 Sick Leave Accrual
Each full-time employee shall earn sick leave at the rate of eight (8) hours for each month of service.

Employees may accumulate an unlimited number of sick leave hours; except, however, hours accumulated in excess of one thousand four hundred and forty (1440) may be used only to apply toward additional years of retirement service credit under the current PERS "Credit for Unused Sick Leave," Section 20862.8.

An employee may be allowed a sick leave deficit of twenty-four (24) hours beyond that actually earned.

Once an employee reaches a deficit of twenty-four (24 hours) of sick leave, the employee will not be permitted to use any additional sick leave until they have accumulated a positive balance of sick leave. In the event an employee has a negative sick leave accrual balance at the time of separation, the amount owed shall be deducted from the employee’s final pay.

Employees on leave of absence with pay in lieu of temporary disability payments pursuant to Section 4850 of the Labor Code shall accumulate sick leave during said leave of absence, in accordance with the provisions of this section.

12.2 Sick Leave Usage
Sick leave with pay shall be granted to all probationary and permanent full-time employees within the competitive service. Sick leave shall not be considered a right which an employee may use in his/her discretion but shall be allowed only as follows:
(1) In cases of necessity and actual personal sickness or disability of the employee.

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14 (2) For medical and dental appointments of the employee or employee’s immediate family, at the discretion of the immediate supervisor.
(3) For the care of or attendance upon the sickness or disability of members of his/her immediate family. A maximum of forty-eight (48) hours per year of sick leave may be used for this purpose. The immediate family shall consist of the spouse, domestic partner, children, children of a domestic partner, parents, or other individuals whose relationship to the employee is that of a dependent or near dependent.

This provision does not apply if the family sickness or disability occurs while the employee is on vacation leave.

In order to receive compensation while absent on sick leave the employee shall cause notification to his/her immediate supervisor or the Chief of Police prior to the time set for beginning his/her daily duties or as may be specified in Department Policy.

When an absence is more than two consecutive full or partial shifts, the employee may be required to file a physician's certificate or personal affidavit stating the cause of the absence; except, however, if the employee uses excessive sick leave and/or demonstrates a pattern of sick leave misuse, abuse, or falsification (i.e., using sick leave in conjunction with days off, vacation, holidays, or otherwise) the employee may be required to file the physician's statement or personal affidavit following an absence of a single work shift or otherwise comply with the City’s Attendance Management Program. Any proposed changes to the City’s current Attendance Management Program shall be negotiated with the PPOA.

12.3 Bereavement Leave
The parties agree that in the event of a death in the immediate family, employees may take two (2) days of City paid bereavement leave and may request to use up to an additional three (3) days of accrued sick leave for a total of five (5) days at the discretion of the Chief of Police, in the event of a death of an immediate member of his/her family. Bereavement Leave shall be tracked separately from Family Sick Leave as provided in 12.2 (3). Additionally, employees may utilize other paid leaves to extend bereavement leave, subject to approval of the Department.

In this context only, immediate family shall be defined as: spouse, domestic partner, child, foster child who resided with the employee at the time of his/her death, stepchild, mother, father, stepmother, stepfather, mother-in-law, father-in-law, brother, stepbrother, sister, stepsister, brother-in-law, sister-in-law, grandmother, grandfather, spouse’s grandmother, spouse’s grandfather, son-in-law, daughter-in-law or grandchildren.

12.4 Catastrophic Leave
The Catastrophic Leave Policy attached as Exhibit D shall be extended to Association members.

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15 Section 13. Leave of Absence

13.1 General Leave of Absence
Any regular or probationary employee may submit a written request for a general leave of absence up to a maximum of three (3) calendar months. Such written request shall be submitted to the Chief of Police and the Director of Human Resources and Labor Relations and is subject to the sole and final approval of the City Manager. The written request must state the reasons for the leave. The Chief of Police may grant a regular or probationary employee a leave of absence without pay, for a period up to two (2) calendar weeks. Said leaves shall be reported to the Director of Human Resources and Labor Relations.

During said leave, an employee shall not accrue vacation or sick leave benefits or be eligible for holidays, nor shall such time be considered as service time.

13.2 Extended Medical Leave
Any regular employee who is temporarily disabled from work due to a medical condition may, upon written request to the Department Head and the Personnel Director, be granted by the City Manager, a leave of absence without pay for a period not to exceed three (3) months beyond the exhaustion of any accrued sick and vacation leave, except as may be provided by law.

Probationary employees may be eligible for leave as provided by law. All such leave, paid and unpaid, shall run concurrently with Family Medical Leave, California Family Rights Leave and Pregnancy Disability Leave in accordance with City Policy.

With a recommendation by the Chief of Police and approval by the Director of Human Resources and Labor Relations, the City Manager may extend the leave for up to an additional thirty (30) days. In unusual circumstances involving catastrophic illness, the City Manager may, upon the recommendation of the Chief of Police and Director of Human Resources and Labor Relations, extend a leave of absence without pay up to but not exceeding one year from the date of disability.

The term medical disability includes all temporary medical disabilities including pregnancy, childbirth and associated medical conditions.

Such request for medical leave will be considered only upon provision of a physician's statement in the same format utilized for Family Medical Leave (FMLA).

During extended medical leave, an employee shall not accrue vacation or sick leave benefits or be eligible for holidays, nor shall such time be considered as service time.

Any employee returning from extended medical leave shall be required to provide a physician's release to return to duty.

13.3 Jury Leave
Every employee of the City who is called or required to serve as a juror shall be entitled to leave from his/her duties with the City during the period of such service or while necessarily being present in court as a result of such call. The employee shall be paid the difference

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16 between his/her full salary and any payment received by him/her, except travel pay, for such duty.

13.4 Leaves Resulting from Subpoena
Leave of absence with pay shall be granted to a person while going to and from court and answering a subpoena as a witness. The employee shall be paid the difference between his/her full salary and any payment received by him/her, except travel pay, for such duty. Employees shall notify the Division Commander or his/her designee, of such a subpoena as soon as feasible.

13.5 Military Leave
Military leave shall be granted in accordance with the provisions of State or Federal law.

13.6 Return from Leave
Upon the expiration of a regularly approved leave, the employee shall be reinstated in the position held at the time the leave was granted. In the event the approved leave exceeds ninety (90) calendar days for medical leaves or thirty (30) calendar days for all other leaves, the employee may not be guaranteed his/her specific assignment or work schedule. Failure on the part of an employee on leave to report promptly at its expiration shall be cause for discipline up to and including dismissal.

Section 14. Health and Welfare Coverage

14.1 Hospital and Medical - Active Employees
A. Contributions
During the term of this agreement, the City shall offer Kaiser as a health plan option.

All employees participating in the City’s health plans will contribute one of the following two amounts, whichever is greater:

1. $25.00 per month

2. The difference between the family rate of the lowest cost HMO and the premium of the employee’s more expensive plan selection.

Contributions will be deducted from the employee’s paycheck on a pre-tax and bi-weekly basis.

Effective January 2019, all employees participating in the City’s health plans will contribute one of the following amounts, whichever is greater:

1. $25.00 per month for employee only coverage; $25.00 per month for employee +1 coverage; or $50 per month for family coverage

2. The difference between the family rate of the lowest cost HMO and the premium of the employee’s more expensive plan selection.

Contributions will be deducted from the employee’s paycheck on a pre-tax and bi-weekly basis.

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17 B. Plan Co-Pays
The health maintenance organization (HMO) medical plans co-pays shall be ten dollars ($10) for office visits. The prescription drug co-pays shall be ten dollars ($10) for generic, fifteen dollars ($15) for brand and thirty-five dollars ($35) for non-formulary (the Kaiser HMO provides for a two-tier prescription drug plan). The Point of Service (POS) medical plan copays shall be fifteen dollars ($15) for office visits. The prescription drug co-pays shall be ten dollars ($10) for generic, twenty-five ($25) for brand and thirty-five dollars ($35) for nonformulary.

C. Increases in Premiums
During the term of this agreement, the City will pay for any increase in the medical plan premiums up to a maximum of 15% of the lowest cost HMO family rate. The difference will be deducted from the employee’s paycheck on a pre-tax basis.

In the event that the medical premium increase is less than 15%, the City’s sole obligation is to pay the lower percentage increase.

D. Changes to Plan Designs
During the term of this Agreement, the City reserves the right to propose changes to the plan designs and co-pay structure in order to reduce costs to the City and employees. Changes to plan design shall be by mutual agreement.

14.2 Hospital and Medical - Retired Employees
A. Federal or State Legislation
Plan Design
The City reserves the right to meet and confer with the Association for the purposes of coordinating retired employees hospital and medical care in the event Federal or State legislation is implemented that effects retiree's medical insurance.

B. Benefits for Medicare Eligible Retirees
All retirees eligible for Medicare are required to apply for benefits when eligible to remain on the City’s group health plans. Upon qualifying for and receiving parts A and B of Medicare, the City shall not be obligated to contribute a monthly amount in excess of the monthly premium for the Kaiser supplement to Medicare Health Plan through June 30, 2009. For employees who retire after July 1, 2009, the City shall not be obligated to contribute a monthly amount in excess of the monthly premium for the lowest cost HMO health plan supplement to Medicare as provided below.

C. Spousal Continuation of Benefits
In the event the employee is eligible for two-party coverage and the eligible employee is deceased, the amount the City is obligated to pay shall be reduced by 1/2 (one half). If the spouse remarries, the obligation by the City shall terminate.

D. Plan Design for Employees Who Retire Prior to July 1, 2009 Hospital and Medical - Retired Employees
Effective March 1, 1990, for all employees who retire for service after March 1, 1990 the City shall pay for each year of service with the City of Pleasanton, four percent (4%) of the monthly

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18 premium for employee and one dependent of the City's current Kaiser S-1 Health Plan coverage. Effective March 1, 1990 for all employees who retire for disability after March 1, 1990, the City shall pay a percentage of the monthly premium for employee and one dependent of the City's current Kaiser S-1 Health Plan coverage in accordance with the schedule set forth below:

Years of Service City's Contribution
10 20%
11 25%
12 30%
13 35%
14 40%
15 45%
16 48%
17 51%
18 54%
19 57%
20 80%
21 84%
22 88%
23 92%
24 96%
25 + years of service 100%
Upon qualifying for and receiving parts A and B of Medicare, the City shall not be obligated to contribute a monthly amount in excess of the monthly premium for the Kaiser S-1 supplement to Medicare health plan for employee and one dependent. In the case where the eligible employee is deceased the amount the City is obligated to pay shall be reduced by 1/2 (one half).

If the spouse remarries, the obligation by the City shall terminate.

The City reserves the right to meet and confer with the Association for the purposes of coordinating retired employees’ hospital and medical care in the event Federal or State legislation is implemented that effects retiree's medical insurance.

E. Plan Design for Employees Who Retire On or After July 1, 2009 Employees who retire on or after July 1, 2009 will have the same benefit co-pays and plan design as provided to active employees.

F. Vesting Schedule for Employees Hired Before January 1, 2009

1. Service Retirement
For all employees who retire from service, the City shall pay for each year of service with the City of Pleasanton, four percent (4%) of the monthly premium for employee and one dependent of the City's lowest cost HMO health plan. Such monies may be utilized for City plans or for medical premiums for alternate plans selected by the retiree.

2. Disability Retirement
For all employees who retire with disability, the City shall pay a percentage of the monthly premium for employee and one dependent of the City's lowest cost HMO health plan coverage in accordance with the schedule set forth below:

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19 Years of Service City's Contribution
10 20%
11 25%
12 30%
13 35%
14 40%
15 45%
16 48%
17 51%
18 54%
19 57%
20 80%
21 84%
22 88%
23 92%
24 96%
25 + years of service 100%

3. City Contributions
Effective July 1st of each year of this agreement, the monthly contribution paid by the City shall be increased by the same dollar increase in medical insurance as is provided to active employees as set forth in Section 14.1 of this agreement up to the lowest cost HMO two-party rate.

G. Vesting Schedule for Employees Hired After January 1, 2009

1. Service Retirement
For all employees who are hired after January 1, 2009 and retire from service, the City shall provide the following benefit:

Employees who service retire prior to the completion of twenty years of full-time service shall receive four percent (4%) for each year of service of the single plan rate for the lowest cost HMO.

Employees who retire after the completion of twenty (20) years of full-time service will receive four percent (4%) for each year of service of the two-party rate for the lowest cost HMO.

Examples: completion of 19 years = 76% of the single plan rate for the lowest cost HMO and completion of 20 years = 80% of the two-party lowest cost HMO. Such monies may be utilized for City plans or for medical premiums for alternate plans selected by the retiree.

2. Disability Retirement
For all employees who are hired after January 1, 2009 and retire with disability, the City shall pay a percentage of the monthly premium of the City's lowest cost HMO health plan coverage in accordance with the schedule set forth below:

Years of Service City's Contribution
10 20%
11 25%

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20 12 30%
13 35%
14 40%
15 45%
16 48%
17 51%
18 54%
19 57%
20 80%
21 84%
22 88%
23 92%
24 96%
25 + years of service 100%

Employees who leave City service prior to the completion of twenty years of full-time service shall receive the above listed percentage of the single plan rate for the lowest cost HMO.

Employees who retire after the completion of twenty (20) years of full-time service will receive the above-listed percentage of the two-party rate for the lowest cost HMO.

Examples: completion of 19 years = 57% of the single plan rate for the lowest cost HMO and completion of 20 years =80% of the two-party rate for the lowest cost HMO.

H. Vesting Schedule for Employees Hired On or After January 1, 2012

1. Service Retirement
For all employees who are hired on or after January 1, 2012 and retire from service, the City shall provide the following benefit:

Commencing upon the date of hire, the employee will be credited with four percent (4%) for each year of service of the single plan rate for the lowest cost HMO. Upon reaching Medicare eligibility age, the City’s contribution toward the medical premium shall cease.

2. Disability Retirement
For all employees who are hired on or after January 1, 2012 and retire with disability, the City shall pay a percentage of the monthly premium of the single plan rate for the lowest cost HMO health plan coverage in accordance with the schedule set forth below until eligible for Medicare, at which time the contribution toward the medical premium shall cease:

Years of Service City's Contribution
10 20%
11 25%
12 30%
13 35%
14 40%
15 45%

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21 16 48%
17 51%
18 54%
19 57%
20 80%
21 84%
22 88%
23 92%
24 96%
25 + years of service 100%

3. Retiree Health Savings Account
For employees hired after on or January 1, 2012, and who have successfully passed probation, the City will contribute seventy-five dollars ($75) per pay period to their Retiree Heath Savings Account (RHSA). Additionally, each employee eligible for the City contribution will have twenty-five dollars ($25) per pay period deducted pre-tax as an additional employee contribution toward the RHSA. The total pay period contribution to the RHSA will be one hundred dollars ($100).

Employees have a vested right to the funds at the time of deposit. Funds deposited in the RHSA are portable and belong to the employee, regardless of length of service or reason for separation.

4. City Contributions
Effective July 1st of each year of this agreement, the monthly contribution paid by the City shall be increased by the same increase in medical insurance for the lowest cost HMO single or two-party rate as is provided to active employees as set forth in Section 14.1 of this agreement and as applicable under Sections 14.2 G.1, 14.2 G.2, 14.2 H.1 and 14.2 H.2 above.

14.3 Dental
The City shall contribute an amount necessary to provide dental care benefits for the individual employee and eligible dependents. The annual maximum will be $2000 per person per calendar year. Maximum orthodontia coverage shall be $2,000 lifetime allowance.

14.4 Vision
During the term of this Memorandum of Understanding, the City shall contribute the premium necessary for the VSP Vision Plan family coverage for health insurance participants who are not covered by Kaiser.

14.5 Long Term Disability
The City's maximum monthly long-term disability insurance premium contribution shall be twenty-three dollars ($23.00). The City shall not be obligated to contribute an amount in excess of twenty-three dollars ($23.00) throughout the term of this agreement.

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22 14.6 Life, Accidental Death and Dismemberment Insurance The City shall contribute an amount necessary to provide $50,000 life and $50,000 accidental death and dismemberment insurance coverage for Association members. The monthly premium for such insurance coverage shall be paid by the City during the term of this agreement.

Section 15. Retirement

15.1 Payment of Employee Contribution to PERS
Employees classified as “Classic Employees” (i.e., those eligible for the 3% @ 50 or 3% @ 55 retirement benefit) shall contribute ten and one-half percent (10.5%) to the Public Employees’ Retirement System (PERS). Such contributions shall be made pre-tax in accordance with applicable law. Effective June 2, 2018, employees classified as “Classic Employees” will pay an additional one and one-half percent (1.5%) toward the employer’s pension contribution rate for a total PERS contribution of 12%. The parties mutually recognize and acknowledge that the cost-sharing provisions provided herein will be counted towards cost-sharing terms set forth in Government Code section 20516.5.

For employees defined as “new members” by CalPERS pursuant to the Public Employees’ Pension Reform Act (“PEPRA”), will pay a member contribution equal to fifty percent of the normal cost of their retirement benefit as determined by CalPERS.

15.2 PERS Plan Options
The City’s contract with PERS provides for the following options: Credit for Unused Sick Leave; 3% @50 Retirement Formula; Single Highest Year Option; and the PERS Military Buyback Provision.

Effective July 7, 2012, the City modified the formula to provide for the 3%@55 retirement formula with three highest year option for new employees hired on or after the resolution is adopted by the City Council.

For employees hired on/after January 1, 2013 that are defined as “new members” by CalPERS, the City shall provide the 2.7% @ 57 retirement formula established by PEPRA.

Section 16. Uniforms
The City shall provide all necessary safety and protection clothing, as defined by the City Manager. The City shall provide one hundred percent (100%) of the initial purchase price of uniforms for those new employees required to wear a prescribed uniform. The quantity of mandatory uniforms for new employees will be determined by the City Manager and Chief of Police

16.1 Uniform Allowance
The annual uniform allowance of one thousand five hundred dollars ($1,500.00) shall be paid on the first pay day on or after March 1st of each year.

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23 Effective the first pay period in March 2025 (March 7, 2025), the annual uniform allowance of one thousand five hundred dollars($1,500.00) shall be paid on a bi-weekly basis.

Section 17. Educational Incentive Tuition and Book Reimbursement Program

17.1 Educational Incentive
All regular employees are eligible for educational incentive pay for possession of a college degree as specified below:

Classification Eligible Degree Incentive Pay
Police Officer AA 2.5%
BA/BS 5.0%
MS/MA 5.0%
Police Sergeant BS/BA 5.0%
MS/MA 5.0%
The employee's degree must be awarded from a community college, college, or university accredited by one of the Association of Schools and Colleges (standardized list of Associations established by the Human Resources Department) and in a recognized academic or professional field as determined by the Chief of Police and Human Resources. The decision of the Chief of Police shall be final.

Incentive pay shall be a percentage of the monthly base salary. The maximum incentive pay an employee may receive is five percent. Should an employee be promoted to a position requiring the degree for which he/she is currently receiving incentive pay said incentive pay shall cease.

Should an employee be promoted to a Sergeant, incentive pay for BA/BS or MA/MS shall be considered when placing an employee on the appropriate pay step.

To receive incentive pay an employee must submit a copy of his/her diploma, or letter from the college/university registrar attesting to the award of the degree.

17.2 Tuition Reimbursement
Regular full-time employees shall be eligible for reimbursement of tuition expenses for college or university courses successfully completed with a grade of "C" or better provided said courses have been approved in advance by the Chief of Police and the college/universities from which the courses are taken is accredited by one of the Association of Schools and Colleges on the standardized list of Associations established by the Human Resources Department.

Tuition is reimbursed in the amount up to, but not to exceed, the annual registration fees levied by California State University East Bay for internal degrees in effect at the time the employee enrolled in the course(s) for which the tuition reimbursement is requested. Eligible fees shall be limited to: University Fee; Student Body Fee; IRA (Instructional Related Activity) Fee; Facility Fee; University Union Fee; Health Services Fee and ID fee.

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24 The maximum tuition and fee reimbursement an employee may receive per fiscal year shall not exceed the annual maximum levied by California State University East Bay for the four-quarter academic year beginning with the proceeding fall quarter. Employees accepted and enrolled in an undergraduate program are eligible to receive reimbursement up to the full-time equivalent for undergraduate tuition and fees at CSU East Bay. Employees accepted and enrolled in a graduate program are eligible to receive reimbursement up to the full-time equivalent for graduate tuition and fees at CSU East Bay.

Requests for fee reimbursement are to be submitted at the completion of each quarter or semester during which the courses were completed. Official receipt verifying the tuition charges, the tuition paid, and a transcript of grades shall accompany reimbursement request.

Upon request by the City, the employee shall provide an “official” transcript” of grades earned.

17.3 Book Reimbursement
Regular full-time employees may be reimbursed for books required for college/university courses approved by the Chief of Police and successfully completed with a grade of "C" or better. Upon reimbursement, the books shall become the property of the City. The maximum reimbursement for books an employee may receive shall not exceed $300.00 per fiscal year.

To be reimbursed, the employee must submit a receipt from the college or university for the book purchase and an official transcript of grades.

Section 18. Probationary Period

18.1 Length of Probationary Period
All original appointments shall be tentative and subject to a probationary period of eighteen (18) months actual service. All appointments as a result of lateral transfers or re-employment shall be tentative and subject to a probationary period of twelve (12) months of actual service.

All promotional appointments to the position of Police Officer shall be tentative and subject to a probationary period of eighteen (18) months of actual service. All promotional appointments to the classification of Police Sergeant shall be tentative and subject to a probationary period of twelve (12) months actual service. The City Council may by resolution establish a longer probationary period for specified classes.

18.2 Notification Requirements
A probationary employee and his/her department shall be notified by the Human Resources Department of the expiration of the employee's probationary period forty-five (45) days in advance of said date.

Within twenty-one (21) days prior to the expiration date of the probationary period, the Chief of Police shall file with the Human Resources Manager a statement as to whether or not the probationary employee shall be retained in the position.

In order that the probationary employee may be made aware of his/her progress toward both learning and fulfilling the duties and responsibilities of his/her position, he/she shall receive a bi-monthly performance evaluation.

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25 The bi-monthly performance evaluations shall be made in writing and shall be conducted by the employee's immediate supervisor and division commander.

If a probationary employee is off work due to a leave of absence, sick leave or disability leave or any combination thereof for a period exceeding thirty (30) consecutive calendar days, said employee's probationary period shall be extended automatically by the length of said leave.

The employee shall be notified in writing of any extension.

18.3 Extension of Probationary Period
The probationary period may be extended once by the Personnel Officer for a period not to exceed ninety (90) days in order to further evaluate the performance of the probationary employee. The employee shall be notified in writing of any extension.

18.4 Rejection of Probationary Employee - Original Appointment The City Manager may terminate a probationary employee during the probationary period upon written notice without right of appeal in any manner by the probationary employee. Any such employee shall receive fifteen (15) calendar days pay.

18.5 Rejection of Probationary Employee - Promotional Appointment Any employee rejected during the probationary period following a promotional appointment or at the conclusion of the probation period shall be reinstated to a position in the class from which he/she was promoted.

Section 19. Promotion
Promotional or open-promotional examinations may be conducted whenever in the opinion of the Personnel Officer (City Manager) the needs of the service require. Only employees who meet the requirements set forth in the examination announcements may compete in promotional examinations.

Insofar as consistent with the best interests of the service all vacancies in the competitive service shall be filled by promotion from within the competitive service after a promotional examination has been given and a promotional list established.

Upon completion of all promotional testing, the names of the persons having the highest three (3) scores on the eligibility list shall be submitted to the Chief of Police for his/her consideration. Should an eligibility list be established based upon the banding of test scores, the names of persons on the list shall be submitted by band to the Chief of Police for his/her consideration.

If, in the opinion of the Personnel Officer (City Manager), a vacancy in the position could be filled better by an open-competitive examination instead of promotional examination, he/she shall arrange an open-competitive employment list.

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26 Section 20. Transfer
An employee may be transferred by the Appointing Authority to a comparable position. For purposes of this section a comparable position is one with the same maximum salary, involving the performance of similar duties and requiring substantially the same minimum qualifications.

If the transfer involves a change from one department to another both department heads must consent thereto unless the City Manager orders the transfer for purposes of economy and efficiency.

Section 21. Resignation, Reinstatement, and Layoff

21.1 Voluntary Resignation
An employee may resign in good standing by submitting to the Personnel Officer (City Manager) a written resignation stating the reasons therefore and effective date thereof at least two (2) weeks prior thereto.

A statement as to the resigned employee's performance shall be forwarded to the Personnel Officer (City Manager) by the Chief of Police.

21.2 Reinstatement
With the approval of the Personnel Officer (City Manager), a permanent or probationary employee who has resigned in good standing may be reinstated within two (2) years of the effective date of resignation, to a vacant position in the same or comparable class. Upon reinstatement, the employee, for all purposes, shall be considered as though he/she had received a new appointment.

21.3 Layoff
The Chief of Police, with the approval of the City Manager, may layoff an employee in the competitive service because of material changes in duties, organization or shortage of work or funds.

The employee in the classification in which the Chief of Police, with the approval of the City Manager, is laying off who has the least length of total continuous service in the classification shall be laid off first. Should additional layoffs become necessary the seniority of employees having previously changed classifications through displacement shall include their years of service in higher sworn paying classifications. The employee shall be notified of his/her layoff in writing together with the reasons therefore.

Employees scheduled to be laid off may, however, displace the least senior employee in the next lower paying classification of like work who has less seniority.

Employees laid off or who through displacement have changed classification shall have their names placed upon a re-employment list in seniority order. The employee with the highest seniority on a re-employment list for a particular classification when a vacancy exists in the classification shall be offered the appointment. No name shall be carried on a re-employment

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27 list for a period longer than (1) year from the date of layoff from City service or change of classification through displacement.

Section 22. Discipline

22.1 Disciplinary Action
The continued employment of every employee shall be predicated upon good behavior and rendering of efficient service. An employee is subject to disciplinary action and may be discharged, reduced in pay, suspended, or demoted for cause, and such disciplinary action shall be subject to appeal as set forth in Section 23. Any employee discharged, reduced in pay, suspended or demoted for cause shall be furnished the reason for his/her discharge, and the period of duration in writing.

An employee on disciplinary suspension for more than thirty (30) calendar days shall receive prorated benefits for the time not in paid status.

22.2 Causes for Dismissal, Suspension or Demotion
The following, among others, are causes which, if shown to the satisfaction of the City Manager to be related to work performance, are sufficient for disciplinary action:
(1) Absence without leave, or failure to report to work after a leave of absence has expired, or after such leave of absence has been disapproved or revoked. (2) Conviction of a criminal offense. Conviction shall mean a termination of criminal proceedings adverse to the employee upon a verdict, by plea of guilty, upon a judgment against the employee, or upon a plea of nolo contendere, without regard to subsequent disposition of the case by suspension of sentence, probation, or otherwise. (3) Repeated or excessive garnishments.
(4) Permanent or chronic physical or mental disability which incapacitates him/her for the proper performance of his/her duties.
(5) Abuse of sick leave.
(6) Incompetence. Incompetence shall mean want of ability suitable to the work, either as regards natural qualities or experience or deficiency of disposition to use one's ability and experience properly.
(7) Through willful misconduct, causing damage to public property or waste of public supplies.
(8) Being, or having been at the time of employment, subject to any of the disqualifications described in the City Personnel Rules, and having willfully concealed or misrepresented facts in his/her application for employment.
(9) Insubordination. Insubordination shall mean that the employee, having then the ability to do a reasonable act which he/she is directed to do by any officer or employee of the City

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28 with authority to direct his/her activities on the job, willfully fails or neglects to perform the directed act.
(10) Disrespectful or discourteous conduct toward a City officer or official, another employee, or a member of the public.
(11) Willful violation of any of the provisions of the City Ordinances, Resolutions, or department policy relating to the conduct of City officers and employees. (12) Failure to submit to a special medical examination in accordance with Section 24 of this Memorandum of Understanding or failure to appear at the designated time and place for such examination or failure to sign authorizations and/or waivers as required by the provisions of the City Personnel Rules.
(13) Violation of CORI Regulations.
(14) Dishonesty.
(15) Frequent or excessive tardiness, or absence from work. (16) Use of City equipment, supplies or identification (e.g., badges) for any reason other than for official City business.

Section 23. Grievances

23.1 A grievance is any dispute which involves the interpretation or application of any provision of this Memorandum of Understanding excluding, however, those provisions of this Memorandum of Understanding which specifically provide that the decision of any City official shall be final, the interpretation or application of those provisions not being subject to the grievance procedure.

Grievances shall be processed in the following manner:

23.2 (1) Within thirty (30) calendar days after the occurrence of an event giving rise to a grievance, an employee may request in writing to discuss the grievance with such management official in the department as the Chief of Police may designate. (2) If the grievance remains unresolved, the written grievance may be filed with the Chief of Police who shall investigate the grievance and render a decision within fourteen (14) calendar days from the date the grievance is received.
(3) Within fourteen (14) calendar days from receipt of the Chief of Police's decision in Step 2 above, the employee or official of the Association may notify the City Manager in writing that a grievance exists, stating the particulars of the grievance, citing the specific section of this Memorandum of Understanding he/she believes to have been violated, and, if possible, the nature of the determination desired. The City Manager shall have fourteen (14) days in which to consider the grievance and render a decision. No grievance may be processed under paragraph (4) below which has not first been filed and investigated in accordance with this paragraph (3).

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29 (4) The Association may appeal the decision of the City Manager by requesting that the grievance be referred to an impartial arbitrator. The Association's decision to refer the grievance to arbitration shall be made within fourteen (14) days of the notification of the city manager's decision.

The arbitrator shall be designated by mutual agreement between the Association and the City Manager. The fees and expenses of the arbitrator and court reporter shall be shared equally between the City and the Association. Each party, however, shall bear the cost of its own presentation, including preparation and post hearing briefs, if any.

An employee may proceed to arbitration only in grievances involving discipline and only if the Association elects not to represent the employee in the grievance. The arbitrator shall be selected by mutual agreement between the employee and the City Manager. The fees and expenses of the arbitrator and of a court reporter shall be shared equally by the employee and the City. Each party, however, shall bear the cost of its own presentation, including preparation and post hearing briefs, if any.
(5) Decisions of the arbitrators on matters properly before them shall be final and binding on the parties hereto, to the extent permitted by law or the terms of this Agreement.

23.3 The time limits previously set forth shall be considered maximums and every effort shall be made to expedite the process. The limits specified may, however, be extended by mutual agreement of the parties.

23.4 No arbitrator shall entertain, hear, decide or make recommendations on any dispute unless such dispute involves a position in a unit represented by the Association and unless such dispute falls within the definition of a grievance as set forth in subsection 23.1.

23.5 Proposals to add to or change this Memorandum of Understanding or written agreements or addenda supplementary hereto shall not be arbitrable and no proposal to modify, amend or terminate this Memorandum of Understanding, nor any matter or subject arising out of or in connection with such proposal, may be referred to arbitration under this Section. No arbitrator shall have the power to amend or modify this Memorandum of Understanding or written agreement or addenda supplementary hereto or to establish any new terms or conditions of employment.

23.6 No grievance involving demotion, reduction in pay, suspension, dismissal of an employee will be entertained unless it is filed in writing with the City Manager within seven (7) working days of the time at which the affected employee was notified of such action.

23.7 If the City Manager, in pursuance of the procedures outlined in subsection 23.2(3) above, resolves the grievance which involves suspension or discharge, he/she may agree to payment for lost time or to reinstate with or without payment for lost time.

23.8 Complaints which allege that employees are not being compensated in accordance with the provisions of this Memorandum of Understanding shall be considered as grievances. No adjustment shall be retroactive for more than thirty (30) days from the date upon which the complaint was filed. Any other matters of compensation are to be resolved in the meeting and conferring process and if not detailed in the Memorandum of Understanding which results from

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30 such meeting and conferring process shall be deemed withdrawn until the meeting and conferring process is next opened for such discussion.

23.9 No changes in this Memorandum of Understanding or interpretations thereof (except interpretations resulting from arbitration proceeding hereunder) will be recognized unless agreed to by the City Manager and the Association.

23.10 The Association, its members and representatives, agree that it and they will not engage in, authorize, sanction, or support any strike against the City of Pleasanton. The Association, its members and representatives, further agree that it and they will not engage in, authorize, sanction, or support any strike, slowdown, stoppage of work, curtailment of production, concerted refusal of overtime work, refusal to operate designated equipment (provided such equipment is safe and sound) to perform customary duties; and neither the Association nor any representative, therefore, shall engage in job action for the purpose of effecting changes in the directives or decision of management of the City, nor to effect or change of personnel or operations of management or of employees not covered by the Memorandum of Understanding.

23.11 (1) The provisions of this Section shall not abridge any right to which an employee may be entitled under the City Ordinance and resolutions, nor shall it be administered in a manner which would abrogate any power which may be within the sole province and discretion of the City Council.
(2) All grievance of employees in representation units represented by the Association shall be processed under this section.

Section 24. Medical Examination
In the event the department head or City Manager determines there is a necessity for a medical examination, an employee shall submit to such medical examination at any time during such employee's employment. Such examination shall be given by a physician selected by the City and the full cost of such medical examination shall be borne by the City as shall any additional medical examinations required by the City.

Should the employee disagree with the medical opinion of the physician selected by the City, the employee may consult with his/her own physician and, if his/her private physician's report conflicts with that of the City's physician in terms of ability to work at the employee's regular job, then the employee may request a medical evaluation through a third physician mutually agreed upon by the employee and the City. The cost for such examination will be equally shared by the City and the employee and the decision of this third physician concerning the continuing ability of the employee to perform his/her work shall be the basis for returning the employee to his/her regular work.

The above procedures shall be utilized for psychological examinations and evaluations of employees except that the employee shall be notified of the reason for the examination. Should a psychological examination or evaluation report be prepared, such document shall be kept confidential according to the requirements of the state law.

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31 Section 25. Outside Employment
Employees who plan to participate in any gainful occupation other than City service during offduty time must secure written permission to do so from the Chief of Police. The City retains the right to refuse permission to any employee for such outside employment whenever it appears to the City that such outside employment would materially interfere with the proper performance of the City's service for which the employee has been hired, or that such outside employment may place the employee in a position of conflict with the City.

In the event of illness or injury incurred by members so employed or arising out of such employment, the City will in no way be responsible for compensation or any other benefits.

Use of City equipment or City identification by signs, insignia, or dress is permitted only while working for the City.

No employee shall solicit outside employment while on duty for the City nor use his City position as an aid or leverage to gain outside employment.

Section 26. Separability of Provisions
In the event that any provision of this Memorandum of Understanding is declared by a court of competent jurisdiction to be illegal or unenforceable, that provision of the Memorandum of Understanding shall be null and void, but such nullification shall not affect any other provisions of this Memorandum of Understanding, all of which other provisions shall remain in full force and effect.

Section 27. Printing of Memorandum of Understanding
The City shall provide to all employees an electronic copy of the Memorandum of Understanding. In addition, the City shall print sufficient copies of this Memorandum of Understanding in booklet form for distribution to the Pleasanton Police Officers’ Association’s executive board members.

Section 28. Miscellaneous

28.1 Americans with Disabilities Act
The City and the Association recognize that the City has an obligation under law to meet with individual employees who allege a need for reasonable accommodation in the workplace because of a disability. If by reason of the aforesaid requirement the City contemplates action to provide reasonable accommodation to an individual employee in compliance with the ADA which are in potential conflict with any provisions of this Memorandum of Understanding, the Association will be advised of any such proposed accommodation and be afforded an opportunity to discuss same prior to implementation by the City.

28.2 Seniority Shift Sign Up
See Exhibit C attached.

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32 28.3 Hours of Work
4/10 Schedule
The four-10 work schedule will apply to officers and sergeants covered by this Agreement.

However, it is understood and agreed that the Department may propose alternative schedules during the term of this Agreement. Changes shall be by mutual agreement. Officers and sergeants will work four 10 hour shifts each week, then take three consecutive days off.

Exceptions to the 4/10 schedule may be made for individual assignments. At such time that an exception to the 4/10 is being considered, the Department shall notify the POA and shall meet upon request to discuss the details of the scheduling change.

Conditions

1. An employee’s schedule may be suspended and replaced by a “Five-8” work schedule in case of formalized training courses, military leave, and modified duty occurring in any portion of one or more pay periods.

2. The Chief of Police reserves the right to temporarily change work assignment, times and scheduled days off to accommodate for training, transfers, promotions, injuries, workload, emergencies, termination and for those employees placed on Performance Improvement Plans. If such a change is necessary, every effort will be made so as to only affect other Officers in order of reverse seniority. Absent exigent circumstances the Department will provide direct notice to the employee at least 72 hours prior to the change. In the event the Department fails to give an employee at least seventy-two (72) hours prior notice of a shift change, the employee will be paid two (2) hours at time and one-half in addition to all scheduled hours (at the regular rate) for the adjusted shift. It is understood that notice is not required for scheduled or emergency overtime as that is not considered a shift adjustment.

3. The starting and ending time of work shifts will remain a management prerogative. Once established, they may be changed after notice to the Association and upon request, meeting and conferring with the Association regarding the impact of the change in hours.

4. Any leave will be handled on the basis of the hours taken. Absence on a ten hour day will require 10-hours leave. Absence on a nine hour day will require 9-hours leave. Absence on an eight hour day will require 8-hours leave.

Team Policing Schedule
All terms and conditions of this Memorandum of Understanding not otherwise modified in this section shall remain in full force and effect.

Effective January 4, 2014 the Police Department implemented a team based hybrid schedule (TBHS) for Officers and Sergeants assigned to the Operations Division - Patrol Unit. The TBHS consists of Schedule A, which is four (4) ten (10) hour days for employees working Monday through Thursday; and Schedule B, which is three (3) twelve and a half (12.5) hour days for employees working Friday through Sunday. Transition to, and continuation of, this schedule is dependent upon acceptable staffing levels as determined by the Police Chief at the time of transition.

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33 The Department desires to balance the employee’s needs with the Department’s need for flexibility and discretion in assigning personnel to meet operational staffing levels. While balance is desirable, the paramount concern is the need to meet operational requirements of the Department. Nothing included in this section is meant to reduce or infringe upon the City’s rights as identified in Section 6 of the MOU between the PPOA and the City.

Both the Police Chief and the PPOA have the right to discontinue the TBHS based on identified concerns. Notice to discontinue the TBHS shall be given to the other party in written form 45- days prior to the beginning of a shift cycle.

1. WORK PERIODS, CYCLES AND HOURS
a. Definitions:
• Notwithstanding the overtime standard established in Section 2 of this Side Letter, the City declares, pursuant to the Fair Labor Standards Act, 29 U.S.C. section 207(k), a regularly occurring work period comprised of twenty-eight (28) consecutive days, to begin on January 4, 2014. Each calendar year will consist of thirteen (13) work periods.
• A cycle is a grouping of four (4) or five (5) work periods: January – May (4 work periods), May – September (5 work periods) and September – January (4 work periods)
b. Employees are expected to work 160 work hours during each 28-day work period. • Employees who work Schedule A will meet this requirement during each work period.
• Employees who work the Schedule B will have worked 150 hours during each work period. Therefore, they are required to work an additional thirteen (13) 10-hour days each year; one per 28-day work period. c. Four (4) of the 10-hour days are required training days. The Department will designate the specific work periods and dates for the training.

The remaining nine (9) 10-hour days for the year are designated as relief days. On these relief days, employees shall 1) provide relief coverage for training, 2) attend discretionary training programs, or 3) take part in operational or other activities as designated by the Department.
d. The start and end times of work shifts will remain a management prerogative. Once established, they may be changed after notice to the Association and upon request, meeting and conferring with the Association regarding the impact of the change in hours.

2. OVERTIME
a. Overtime must be approved in advance by the Chief of Police or his or her designee. b. Employees who are required to work in excess of their regularly scheduled 10- or

12.5-hour day shall accrue overtime for this time worked at the rate of time-andone-half the employee’s regular rate of pay.

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34 3. SHIFT TRADES
a. Employees shall be permitted to substitute or “shift trade” for one another, when approved by the employees’ supervisor and the change does not interfere with or otherwise create additional burden on the staffing or operation of the Police Department. When a shift trade occurs, the employee who was originally scheduled to work the shift shall be credited, for FLSA and payroll purposes, as though he or she worked that shift and the employee who works in place of the scheduled employee shall not receive compensation from the City or be credited with hours worked under the FLSA for this time worked. By agreeing to shift trades, both employees acknowledge that they do so freely. Any employee may refuse to shift trade without sanction and without being required to explain or justify the decision.

The City is not required to keep a record of shift trades. b. Shift trades may occur among employees working shifts of different lengths, so long as the trade is made freely and voluntarily by both employees. For example, employees who work 10-hour shifts may trade with employees who work 12.5-hour shifts and vice versa.

4. STAFFING LEVELS
a. Minimum staffing standards apply at all times. Requests to take time off on training or relief days may be denied to meet minimum staffing standards or to accommodate training or operational needs.
b. Minimum staffing levels of Patrol Teams are as follows:
• Schedule A (Monday – Thursday, 10-hour shifts)
Team 1 - Day Watch – Five Officers & One Sergeant
Team 2 - Night Watch – Five Officers & One Sergeant
Team 3 - Morning Watch – Five Officers & One Sergeant
• Schedule B (Friday – Sunday, 12.5-hour shifts)
Team 4 - Day Watch – Five Officers & One Sergeant
Team 5 - Night Watch – Two Officers (Fridays & Saturdays only) Team 6 - Morning Watch – Five Officers & One Sergeant
c. Staffing levels of Patrol Teams, as determined by the Police Chief, may be changed at any time to accommodate the operational needs of the department.

5. ADVANCE NOTICE
a. Absent exigent circumstances, the Department will provide direct notice to the employee at least 72 hours prior to the change. In the event the Department fails to give an employee at least seventy-two (72) hours prior notice of a shift change, the employee will be paid two (2) hours at time and one-half in addition to all scheduled hours (at regular rate) for the adjusted shift. It is understood that notice is not required for scheduled or emergency overtime as that is not considered a shift adjustment.

6. RELIEF POSITIONS
a. Two Sergeants will be designated as Relief Supervisors. • One Sergeant will be required to work Schedule A - Night Watch. This will be designated as the “home shift”.

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35 • One Sergeant will be required to work Schedule B - Night Watch (“home shift”).
b. All but two Officer Positions assigned to work Schedule B - Night Watch will be designated as Relief Officers.
c. All Relief Positions may be moved from their “home shifts” to fill shift vacancies on Schedule A or Schedule B.
• Schedule adjustments shall be made in a manner that will not conflict with an employee’s scheduled Annual Vacation, Paid Time Off, or days off that are adjacent to scheduled time off.
d. The Department will make every effort to provide as much advance notice as possible; however, a minimum of 72- hours advance notice will be provided to the Relief employees prior to an adjustment from their “home shifts” (see Section 4 of this Side Letter).
• Adjustments from Night Watch to Morning Watch on Schedule B are exempt from the 72-hour notice requirement outlined in Section 4 of this Side Letter.

7. MAXIMUM HOURS WORKED
a. In the event an employee is required to work beyond his/her normal shift, the employee shall not be required to work more than 15.5 consecutive hours. b. The Department shall endeavor to provide employees with a minimum of eight hours off between shifts.
c. Maximum hours worked and minimum hours off are subject to change at the discretion of the Police Chief based upon organizational need as a result of emergencies, disasters, and major incidents.

8. VACATION SIGN UPS
a. Only one Patrol Officer at a time will be granted Annual Vacation/Paid Time Off on each watch.
b. Only one Patrol Sergeant at a time will be granted Annual Vacation/Paid Time Off on Schedule A and one on Schedule B.
c. Employees may sign up for leave equal to one year of annual vacation accrual (maximum of five weeks). PTO time is not included.
d. Leave will be accounted for on an hour for hour basis. Thus, absence on a 10-hour day will require 10 hours of vacation leave and absence on a 12.5-hour day will require 12.5 hours of vacation leave.
e. Employees may sign up for vacation leave on their required training days; however, they are required to meet the training requirements.
f. When signing up for vacation leave, employees are required to sign up for their entire work week.
g. Employees may sign up to take their relief days off, as long as they meet their training requirement.

9. SPECIAL CONDITIONS
a. Officers and Sergeants will sign up based on seniority. b. The Police Chief reserves the right to temporarily change work assignments, start and end times and scheduled days off to accommodate training, injuries, workload, emergencies, personnel-related actions (including accommodating employees placed on Performance Improvement Plans), etc. If such a change is necessary,

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36 every effort will be made to seek employees who volunteer to make the change.

Otherwise, the Department will implement changes to impact employees in “reverse seniority” order.
c. To ensure adequate canine coverage, a Canine Officer is required to work on Team 5 (Schedule B - Night Watch). The remaining two Canine Officers may select from Teams 1, 2 and 3 (Schedule A - Day, Night, and Morning Watch, respectively).

However, each Team may have only one Canine Officer serving at a time. d. Staffing of Patrol Teams has priority over collateral assignment training opportunities (i.e., SWAT, CNT, K-9, etc.). However, the Department will strive to accommodate organizational training requirements when feasible. e. Should the need arise for a Field Training Officer (FTO) on one of the six Teams, the Police Chief shall implement a temporary reassignment to meet the Department’s training needs.
f. An employee’s schedule may be suspended and replaced by a “5/8” work schedule to accommodate formalized training courses, military leave, modified duty, etc. occurring in any portion of one or more pay periods.

SCHEDULE MODIFICATIONS The Department and the Association may mutually agree to modify the regular patrol work schedules of employees in represented classifications by mutual agreement. Any changes must be memorialized in a written agreement to be signed by the Chief of Police or the Chief’s designee, and the Association President.

28.4 Deferred Compensation Program
All employees are eligible to participate in the City’s deferred compensation program. The City shall contribute one-half percent (.5%) of the employee’s base compensation into a 457 deferred compensation plan. The contribution is tax-deferred, and counts towards the 457 annual maximum deferral as designated by the IRS. Employees without an existing 457 account with a City sponsored provider must establish one in order to receive the City contribution, but no employee contribution to the account is required.

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37 Section 29. Past Practices and Existing Memorandum of Understanding

29.1 Continuance of working conditions and practices not specifically authorized by ordinance or by resolution of the City Council is not guaranteed by this Memorandum of Understanding.

29.2 This Memorandum of Understanding shall supersede all existing memoranda of understanding between the City and the Association.

29.3 This Memorandum of Understanding represents a complete and final understanding and agreement on all issues negotiated between the City representatives and the Association's representatives.

Made and entered into this ______ day of ________ 2026.

City of Pleasanton Pleasanton Police Officers’ Association By: By:

Gerry Beaudin Brian Jewell

Xaveria Scoggins Jimmy Boland

Tina Pruett DelVaughn Billups

Josh Cerri

Ken White

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38 EXHIBIT A

SALARY SCHEDULE
EFFECTIVE JUNE 6, 2026

POLICE OFFICERS' ASSOCIATION SALARY SCHEDULE-TYLER MUNIS SYSTEM

POSITION STEP HOURLY BI-WEEKLY MONTHLY ANNUAL
POLICE OFFICER A 60.65 $4,852.00 $10,512.67 $126,152
B 63.65 $5,092.00 $11,032.67 $132,392
C 66.85 $5,348.00 $11,587.33 $139,048
D 70.20 $5,616.00 $12,168.00 $146,016
E 73.68 $5,894.40 $12,771.20 $153,254
POLICE SERGEANT A 74.03 $5,922.40 $12,831.87 $153,982
B 77.75 $6,220.00 $13,476.67 $161,720
C 81.63 $6,530.40 $14,149.20 $169,790
D 85.73 $6,858.40 $14,859.87 $178,318
E 90.01 $7,200.80 $15,601.73 $187,221

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39 EFFECTIVE JUNE 5, 2027

POLICE OFFICERS' ASSOCIATION SALARY SCHEDULE-TYLER MUNIS SYSTEM

POSITION STEP HOURLY BI-WEEKLY MONTHLY ANNUAL
POLICE OFFICER A 62.77 $5,021.60 $10,880.13 $130,562
B 65.88 $5,270.40 $11,419.20 $137,030
C 69.19 $5,535.20 $11,992.93 $143,915
D 72.66 $5,812.80 $12,594.40 $151,133
E 76.26 $6,100.80 $13,218.40 $158,621
POLICE SERGEANT A 76.62 $6,129.60 $13,280.80 $159,370
B 80.47 $6,437.60 $13,948.13 $167,378
C 84.49 $6,759.20 $14,644.93 $175,739
D 88.73 $7,098.40 $15,379.87 $184,558
E 93.16 $7,452.80 $16,147.73 $193,773

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40 EFFECTIVE JUNE 3, 2028

POLICE OFFICERS' ASSOCIATION SALARY SCHEDULE-TYLER MUNIS SYSTEM

POSITION STEP HOURLY BI-WEEKLY MONTHLY ANNUAL
POLICE OFFICER A 65.28 $5,222.40 $11,315.20 $135,782
B 68.52 $5,481.60 $11,876.80 $142,522
C 71.96 $5,756.80 $12,473.07 $149,677
D 75.57 $6,045.60 $13,098.80 $157,186
E 79.31 $6,344.80 $13,747.07 $164,965
POLICE SERGEANT A 79.68 $6,374.40 $13,811.20 $165,734
B 83.69 $6,695.20 $14,506.27 $174,075
C 87.87 $7,029.60 $15,230.80 $182,770
D 92.28 $7,382.40 $15,995.20 $191,942
E 96.89 $7,751.20 $16,794.27 $201,531

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41 EXHIBIT B

ANNUAL VACATION SIGN UP AND SHIFT/ASSIGNMENT BID
Annual Vacation Sign-Up Program
Number of Personnel Allowed Off

1. No more than one Traffic Officer will be granted vacation during any given time.

2. No more than one sergeant from the Investigations Division will be granted annual vacation during any given time.

3. No more than one sergeant or one officer from PSU will be granted vacation during any given time.

4. No more than two officers assigned to CIU and SEU will be granted vacation during any given time.

5. No more than one SRO will be granted vacation time during a week when schools is in session.

Any Officer assigned to SRO who signs up for annual vacation during the non-academic school year (Summer) shall be guaranteed their approved annual vacation regardless of any transfer to another Division/other Unit during that calendar year.

6. No more than one ARU Officer will be granted vacation during any given time.

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42 EXHIBIT C

SENIORITY SHIFT SIGN UP PROGRAM
The Operations Division will implement the Seniority Shift Sign-Up Program for work schedule selections (watch and days off) using the following criteria:

Eligibility

1. The program will be available to non-probationary sergeants and officers who are assigned, or who will be assigned, to the Operations Division as of the first pay period of the calendar year.

2. Officers or sergeants who have been, or are expected to be, off duty for more than eight regularly scheduled shifts due to an injury or illness at the time to which he/she has been assigned to select a work schedule (and vacation) will not be allowed to participate in the signup program unless he/she provides a doctor’s verification, in a form acceptable to the Division Commander, stating that the employee will be released for full duty within 30 days after the first pay period of the calendar year. This restriction shall not apply to employees whose absence arises from protected leave under the FMLA/CFRA/PDL due to the birth of child, adoption, or placement of a foster child, as such employees will be allowed to participate in the sign-up program if the employee can identify the date the employee will return for full duty from their protected leave. Such employees may be administratively assigned for the remainder of the Department’s administrative trimester (i.e., 4-month period) if the employee’s return to full duty is not within 30 days of the start of an administrative trimester.

Seniority

1. Sergeants’ seniority will be based on date of promotion. If more than one sergeant were promoted on the same date, seniority will be determined by the individual’s position on the sergeant’s promotional list. If more than one sergeant were promoted on the same date from a banded list, the Chief of Police shall determine seniority.

2. Officers’ seniority will be based on their date of hire as a police officer. If more than one officer was hired on the same date, seniority will be determined by the individual’s position on the hiring list. If officers are hired on the same date, but from a banded list or from different lists, seniority will be determined in the following manner:
a. Lateral Officers will have seniority over academy graduate officers and entry-level officers. If more than one lateral officer is hired on the same date, seniority will be determined by the officer’s tenure as a peace officer.
b. Academy graduate officers will have seniority over entry-level officers. c. If seniority cannot be determined in any other manner, seniority will be determined by the drawing of names.

3. If any person holding a rank higher than officer is returned to the rank of officer, either voluntarily or following a disciplinary action, that individual’s seniority will be based on his/her original date of hire.

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43 4. If any person holding a rank higher than sergeant is returned to the rank of sergeant, either voluntarily or following a disciplinary action, that individual’s seniority will be based on his/her original date of promotion to sergeant.

5. Should an officer or sergeant be re-instated following termination, due to the decision of an arbitrator or a court, the individual’s seniority will be determined as if the individual had not been terminated.

6. Should an officer’s or sergeant’s employment be terminated and the individual later re-hired, seniority will be based solely upon the date of re-hire.

Process

1. In order to facilitate the timely completion of the seniority sign-up program for Operations Division personnel, two weeks prior to the beginning of the process the Operations Division Commander will cause a notice to be posted. The notice will contain the beginning and ending dates of the sign-up process and the blocks of time allocated to all concerned personnel, as described in this memorandum of understanding.

2. Officers will sign-up for their work schedules on or around September 15th, but no later than October 25th.

3. Sergeants will sign-up for their annual shift bid one week before officers.

4. The target date for posting the finalized schedule will be the first week of November.

5. The work schedule will go into effect at the start of the first pay period in January each year.

6. Participating personnel will be assigned a specific block of time during which he/she may select watch and days off.

7. The assigned sign-up times will be no less than two (2) hours between employees.

8. In the event an employee fails to sign-up during his/her two (2) hour block, he/she may only sign-up following the completion of sign-ups on their scheduled date, between the hours of 2200 and 0600. Should the employee fail to sign-up at that time, he/she may sign-up following the completion of the sign-up process for a subsequent day, but again only between the hours of 2200 and 0600. Those failing to sign-up will be subject to assignment at the discretion of the Operations Division Commander.

9. No sign-up blocks will be assigned between 2201 hours and 0559 hours.

10. Once the process is completed, should any of the scenarios set forth in numbers 3 through 6 under Seniority occur, those individuals will not be allowed to sign up for work or vacation schedules until the next annual process.

11. Implementation of the seniority sign-up program will be the responsibility of the Operations Division Commander. The PPOA Board of Directors will assist the Operations Division Commander in the facilitation of the seniority sign-up program.

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44 Special Consideration

1. Canine officers will be included in the program. One canine officer must be assigned to each watch, when practical. Due to the limited number of officers assigned to this special assignment and the need for handler and canine experience, movement among watches is mandatory and canine officers may not stay on the same watch for longer than one year.

Failure to show movement will be grounds for the Chief of Police to deny one or more of those officers’ watch preferences and for the Chief of Police to make the watch assignments.

2. When transfers occur from a special assignment, the individual transferred will be placed on a shift based on shifts available to include those occupied by probationary employees.

3. In cases when sergeants and officers make their shift selection during times when they are not scheduled to work they will not be compensated for that time.

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45 EXHIBIT D

CATASTROPHIC LEAVE POLICY

PURPOSE
The catastrophic leave program permits employees to donate hours of sick leave, vacation leave or compensatory time for the purpose of providing eligible employees, upon approval, additional hours of paid leave.

CATASTROPHIC ILLNESS OR INJURY
A catastrophic illness or injury is a major medical condition that disables the employee from working for a protracted period of time.

ELIGIBLE EMPLOYEE
An employee who because of a catastrophic illness or injury has exhausted his/her accrued sick leave, vacation leave, compensatory time, and:

1. Is ineligible for any city disability income benefits; and

2. Has an acceptable sick leave record as determined by the sick leave administrative committee upon the recommendation of the employee's department head.

DONATING SICK LEAVE
Employees may donate sick leave, vacation leave or compensatory time to an eligible employee approved for catastrophic leave upon completion of the necessary form. Donations of sick leave once made are irrevocable.

REQUESTING/APPROVING CATASTROPHIC LEAVE
Requests for catastrophic leave must be in writing and be accompanied by a physician's certificate attesting to the catastrophic illness or injury.

ADMINISTRATION
The catastrophic leave shall be administered by a committee comprised of two representatives designated by the POA and two representatives designated by the city manager. The committee shall be responsible for reviewing requests for catastrophic leave and determining the requesting employee's eligibility for such leave. The committee shall recommend to the city manager if the request should be approved, the number of catastrophic leave hours to be granted, and under what conditions. The city manager's decision regarding the request shall be final. (NOTE: Per IRS rules and regulations, all donations received by eligible employees are subject to regular payroll tax deductions.)

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46 EXHIBIT E

POA SURVEY AGENCIES
Antioch
Concord
Fremont
Hayward
Livermore
Milpitas
San Leandro
Union City
Walnut Creek

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47 EXHIBIT F

DEFINITION OF UNFORESEEABLE EMERGENCY
For purposes of Section 11.6, the following is the definition of "unforeseeable emergency" as defined by Treasury Regulation § 1.457-6(c)(2): An "unforeseeable emergency” is a severe financial hardship of the participant or beneficiary resulting from an illness or accident of the participant or beneficiary, the participant's or beneficiary's spouse, or the participant's or beneficiary's dependent (as defined in section 152, and, for taxable years beginning on or after January 1, 2005, without regard to section 152(b)(1), (b)(2), and (d)(1)(B)); loss of the participant's or beneficiary's property due to casualty (including the need to rebuild a home following damage to a home not otherwise covered by homeowner's insurance, such as damage that is the result of a natural disaster); or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the participant or the beneficiary. For example, the imminent foreclosure of or eviction from the participant's or beneficiary's primary residence may constitute an unforeseeable emergency. In addition, the need to pay for medical expenses, including non-refundable deductibles, as well as for the cost of prescription drug medication, may constitute an unforeseeable emergency. Finally, the need to pay for the funeral expenses of a spouse or a dependent (as defined in section 152, and, for taxable years beginning on or after January 1, 2005, without regard to section 152(b)(1), (b)(2), and (d)(1)(B)) of a participant or beneficiary may also constitute an unforeseeable emergency. Except as otherwise specifically provided in this paragraph (c)(2)(i), the purchase of a home and the payment of college tuition are not unforeseeable emergencies under this paragraph (c)(2)(i).

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Item #10

CITY COUNCIL AGENDA REPORT
May 19, 2026
Human Resources
TITLE: PUBLIC HEARING: HOLD A PUBLIC HEARING AND RECEIVE AN INFORMATIONAL REPORT REGARDING THE CITY’S VACANCY RATE,

RECRUITMENT, AND RETENTION EFFORTS, PURSUANT TO ASSEMBLY BILL 2561 (GOVERNMENT CODE SECTION 3502.3)

SUMMARY
California Assembly Bill 2561 (AB 2561), which amended the Meyers-Milias-Brown Act (MMBA), requires that all public agencies hold a public hearing each fiscal year to address the status of their vacancy rate, recruitment, and retention efforts.

RECOMMENDATION
Hold a public hearing and receive an informational report regarding the City’s vacancy rate, recruitment, and retention efforts, pursuant to Assembly Bill 2561 (Government Code Section 3502.3).

BACKGROUND
Effective January 1, 2025, AB 2561 added Government Code Section 3502.3 to the Meyers-Milias-Brown Act, requiring cities to conduct an annual public hearing on the status of vacancies, recruitment efforts, and retention activities prior to adoption of the final budget. The legislation was enacted to address the operational impacts of sustained vacancies in local government agencies.

The statute also requires public agencies to identify policy, procedural, or recruitment-related practices that may create obstacles in the hiring process and to provide additional information when vacancy rates exceed 20 percent. In addition, each bargaining unit is afforded an opportunity to participate in the public hearing.

DISCUSSION
During calendar year 2025, the City’s average vacancy rate for regular full-time positions was 7 percent, which was also the vacancy rate as of December 31, 2025. Throughout the year, the City continued evaluating policies, procedures, and recruitment activities to support timely hiring and workforce stability.

As of December 31, 2025, all bargaining units remained significantly below the 20 percent vacancy threshold established in Government Code Section 3502.3. Vacancy rates by bargaining unit ranged from 5 to 14 percent, with the highest rate occurring in the Battalion Chief's Unit, which had one vacancy among seven budgeted positions due to an internal promotion.

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Page 2 of 3 ends

Table 1. Vacancy Rates by Bargaining Unit - 2025
To address vacancies, the City continued implementing process improvements initiated in prior years. Recruitment for police positions remained highly competitive statewide; in response, the Human Resources and Police Departments continued enhanced outreach efforts to support more consistent candidate engagement.

In an effort to maintain staffing and support employee retention, the City engaged in labor negotiations with three of its represented bargaining units to draft successor agreements that would continue to provide competitive compensation and benefits; additionally, the City will implement the NEOGOV Learn module later in 2026 to expand access to structured employee training and development resources that support both onboarding and ongoing professional development across departments.

In compliance with Government Code Section 3502.3(b), the Human Resources Department notified all four represented bargaining units of their opportunity to participate in the public hearing.

EQUITY AND SUSTAINABILITY
Annual vacancy reporting supports the City's values of inclusion and transparency.

OUTREACH
No outreach was conducted, as this item is a routine matter of City business.

STRATEGIC PLAN ALIGNMENT
This informational report supports the ONE Pleasanton strategic goal of Optimizing Our Organization.

FISCAL IMPACT
Thereis no fiscal impact associated with this action.

Prepared by: Submitted by: Approved by:

Sandra Williams,
Management Analyst
Xaviera Scoggins, Director of Human
Resources & Labor Relations
Gerry Beaudin, City
Manager

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Attachments:

None

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Item #11

CITY COUNCIL AGENDA REPORT
May 19, 2026
Library and Recreation
TITLE: AUTHORIZE THE CITY MANAGER TO EXECUTE A FIVE-YEAR

PROFESSIONAL SERVICE AGREEMENT WITH CIVICPLUS FOR RECREATION

MANAGEMENT AND AGENDA AND MEETING MANAGEMENT SOFTWARE IN AN AMOUNT NOT TO EXCEED $563,423 AND NEXTREQUEST IN AN AMOUNT NOT TO EXCEED $92,629

SUMMARY
The Library and Recreation Department and the City Clerk’s Division currently maintain separate software agreements with CivicPlus. As these agreements were approaching expiration, staff negotiated a consolidated five-year agreement that standardizes annual cost increases at 3 percent, compared with the prior 5 percent increases. The negotiated terms will reduce long-term costs and provide greater budget predictability. A new module for public records management will also be added, with the vendor agreeing to keep the same 3 percent annual cost increase.

RECOMMENDATION

1. Approve a five-year professional service agreement with CivicPlus for Recreation Management and Agenda and Meeting Management in an amount not to exceed $563,423

2. Approve a five-year agreement with CivicPlus for NextRequest public records management in an amount not to exceed $92,629.

BACKGROUND
The City of Pleasanton uses multiple CivicPlus software platforms to support core operations, including recreation registration, facility reservations, and agenda and meeting management.

In June 2021, the Library and Recreation Department entered into a multi-year agreement with CivicPlus for Recreation Management software. This platform supports program registration and facility reservations, including recreation programs, parks, picnic areas, gyms, sports fields, and meeting and banquet rooms.

In May 2023, after a Request for Qualifications (RFQ) process, the City Clerk’s Office entered into an agreement for the CivicPlus Agenda and Meeting Management software (AMMS). This platform automates the creation and publication of electronic agenda materials, enables live meeting streaming and recording, provides video indexing, and integrates with our website to meet accessibility standards, including an interface for use on various types of mobile devices.

Prior to 2023, the City had never used an automated system for agenda creation, workflow management, and publication. AMMS has yielded significant resource savings in both staff time and materials compared with the previously paper-based process. The Clerk’s Office is

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satisfied with the system and has been working in the last couple of years to expand its use across all commissions and committees.

With both agreements nearing expiration, staff worked with CivicPlus to evaluate renewal options. Under the existing structure, the agreements included annual fee increases of 5 percent. Staff successfully negotiated a consolidated five-year agreement with a fixed 3 percent annual increase.

DISCUSSION
The consolidated agreement with CivicPlus (Attachment 1) will yield approximately $23,000 in cost savings over the term and simplify contract administration across departments. This agreement also includes the CivicPlus NextRequest program to support citywide management of public records requests (Attachment 2). Like many local agencies, the City has seen an increase in records requests over the last several years. In 2024 and 2025, the City processed 500 or more records requests per year, reflecting a 72 percent increase from 2023. The City has previously used GovQA as its records request solution. However, staff is looking to transition to NextRequest, which is anticipated to help streamline administrative processes with bulk file uploads and redaction capabilities. The public interface also provides an enhanced ability to direct requestors to existing resources before requests are submitted, as well as to prompt for refined requests for clarity.

EQUITY AND SUSTAINABILITY
Not applicable, as this item is a routine matter of City business.

OUTREACH
No outreach was conducted, as this item is a routine matter of City business.

STRATEGIC PLAN ALIGNMENT
Not applicable, as this item is a routine matter of City business.

FISCAL IMPACT
The total cost for the five-year services agreement is $563,423. The total funding for this agreement will be shared between Library and Recreation ($439,086) 00150100-455105 and City Clerk ($124,337) 00112100-455105.

Additionally, the agreement with CivicPlus for NextRequest will be funded by the City Clerk’s Office (00112100-455105) in the amount of $92,629 for a 5-year term.

Prepared by: Submitted by: Approved by:

Michele Crose, Assistant
Director of
Library/Recreation
Jocelyn Kwong, City Clerk
Alexa Jeffress, Assistant City Manager
Heidi Murphy, Director of Library and
Recreation
Gerry Beaudin, City
Manager

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Attachments:

1. Statement of Work for CivicPlus/Recreation Management

2. Statement of Work for NextRequest

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CivicPlus
302 South 4th St. Suite 500
Manhattan, KS 66502
US
Statement of Work
Quote #: Q-107316-1
CivicPlus Pricing
Approval Date:
5/1/2026 11:47 AM
Expires On: 6/30/2026
Client:

City of Pleasanton, CA
Bill To:

PLEASANTON CITY, CALIFORNIA
SALESPERSON Phone EMAIL DELIVERY METHOD PAYMENT METHOD
Maggie Brown [email protected] Net 30
AMM
QTY PRODUCT NAME DESCRIPTION 12 Month
Value

1.00 CivicPlus Media: Closed
Captions/Transcription for Live
Streaming (Machine) Renewal
CivicPlus Media: Closed Captions/Transcription for Live Streaming (Machine); Invoiced monthly based on usage,
priced per minute
USD 0.00

1.00 CivicPlus Media: Closed
Captions/Transcription for Video
On-Demand (Machine)
CivicPlus Media: Closed Captions/Transcription for Video On-Demand (Machine); Invoiced monthly based on
usage and service level, priced per minute
USD 0.00

1.00 AMM Select: Pro Annual Fee Agenda and Meeting Management Annual Fee - Agenda and Minutes Management
USD 6,621.62

1.00 CivicPlus Media: Annual Fee
Renewal
Unlimited storage, unlimited users, up to 3 concurrent
streams
USD 8,265.44

1.00 AMM Select: Live Meeting
Manager Annual Fee Renewal
Agenda and Meeting Management Live Meeting Manager
Annual Fee - Live Meeting, Electronic Voting, Display
Pages
USD 4,196.12

1.00 Third Party Integration Renewal Single third party integration for Integration Hub USD 2,425.50

1.00 AMMS: Platform IdP Integration
Annual Fee Renewal
Single Sign On Custom IdP Integration Annual Fee USD 1,910.63

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Attachment 1

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Rec
QTY PRODUCT NAME DESCRIPTION 12 Month
Value

1.00 Document Management
Renewal
Document Management Module USD 5,249.99

1.00 Recreation Management Annual
Renewal
Recreation Management Annual Fee USD 75,448.23

1.00 Recreation Management:

Platform IdP Integration Annual
Fee Renewal
Custom IdP Integration Annual Fee USD 2,005.59

1.00 Recreation Management
External Processor Annual Fee -
Authorize.net Renewal
Recreation Management Pay Annual maintenance and
support fee
USD 0.00
Initial Term 7/1/2026 - 6/30/2031, Renewal Term 7/1 each calendar year Initial Term Invoice Schedule Year One Annual Total invoiced upon the signature date of this Agreement, subject to proration if the
term begins at signing. Subsequent Annual Totals
invoiced every 12 months starting at Renewal Term.

Annual Subscription One Time Fees Annual Total
Year One USD 106,123.12 USD 0.00 USD 106,123.12
Year Two USD 109,306.82 USD 109,306.82
Year Three USD 112,586.02 USD 112,586.02
Year Four USD 115,963.61 USD 115,963.61
Year Five USD 119,442.51 USD 119,442.51
Subtotal USD 563,422.08
Annual Recurring Services Starting Year 6 USD 123,025.79 Renewal Procedure Automatic 1 year renewal term, unless 60 days notice provided prior to renewal date
Annual Uplift 3% to be applied in year 2
This Statement of Work ("SOW") shall be subject to the terms and conditions of the CivicPlus Master Services Agreement and the applicable Solution and Services terms and conditions located at https://www.civicplus.help/hc/en-us/p/legalstuff (collectively, the "Binding Terms"). By signing this SOW, Client expressly agrees to the terms and conditions of the Binding Terms throughout the term of this SOW.

Please note that this document is a SOW and not an invoice. Upon signing and submitting this SOW, Client will receive the applicable invoice according to the terms of the invoicing schedule outlined herein.

Client may issue purchase orders for its internal, administrative use only, and not to impose any contractual terms. Any terms contained in any such purchase orders issued by the Client are considered null and will not alter the Binding Terms, the Agreement or this SOW.

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Acceptance of Quote # Q-107316-1
The undersigned acknowledges having read, understood, and agreed to be bound by the binding terms and conditions incorporated into this SOW. This SOW shall become effective as of the date of the last signature below (“Effective Date”).

For CivicPlus Billing Information, please visit https://www.civicplus.com/verify/ Authorized Client Signature CivicPlus
___________________________________
By (please sign):
___________________________________
By (please sign):
___________________________________
Printed Name:
___________________________________
Printed Name:
___________________________________
Title:
___________________________________
Title:
___________________________________
Date:
___________________________________
Date:
___________________________________
Organization Legal Name:
___________________________________
Billing Contact:
___________________________________
Title:
___________________________________
Billing Phone Number:
___________________________________
Billing Email:
___________________________________
Billing Address:
___________________________________
Mailing Address: (If different from above)
___________________________________
PO Number: (Info needed on Invoice (PO or Job#) if
required)

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CivicPlus
302 South 4th St. Suite 500
Manhattan, KS 66502
US
Statement of Work
Quote #: Q-119891-1
CivicPlus Pricing
Approval Date:
4/23/2026 1:22 PM
Expires On: 5/31/2026
Client:

City of Pleasanton, CA
Bill To:

PLEASANTON CITY, CALIFORNIA
SALESPERSON Phone EMAIL DELIVERY METHOD PAYMENT METHOD
Gabby Bond [email protected] Net 30
One-time(s)
QTY PRODUCT NAME DESCRIPTION 12 Month
Value

1.00 NextRequest PT Standard
Implementation
Standard Implementation (Virtual Only): Admin Users: 1
Kickoff Call, 1 Admin Training. Staff Users have Access to a monthly webinar for general training and questions USD 1,500.00

1.00 NextRequest: Platform IdP
Integration Implementation Fee
Platform IdP Integration Implementation Fee USD 1,575.00

1.00 NextRequest External Processor
Implementation - Authorize.net
Includes setting CivicPlus Pay configuration, configuring CivicPlus products for accepting payments, advanced
troubleshooting with our partner's support.

USD 3,000.00
Recurring Service(s)
QTY PRODUCT NAME DESCRIPTION 12 Month
Value

1.00 NextRequest PT Standard Plan NextRequest Standard Plan for local agencies; Unlimited Staff Users, Up to 10 Admin-Publisher Users, Up to 2TB
Storage. Core Features: Review & Redaction Features,
Payments, IT & Compliance Features
USD 12,788.00

1.00 NextRequest: Platform IdP
Integration Annual Fee
Platform IdP Integration Annual Fee USD 1,874.00

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ATTACHMENT 2

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QTY PRODUCT NAME DESCRIPTION 12 Month
Value

1.00 NextRequest External Processor
Annual Fee - Authorize.net
Pay Maintenance and Support Annual Fee USD 1,785.00
Initial Term Beginning at signing and ending 6/30/2031, Renewal Term 7/1 each calendar year
Initial Term Invoice Schedule Year One Annual Total invoiced upon the signature date of this Agreement, subject to proration if the
term begins at signing. Subsequent Annual Totals
invoiced every 12 months starting at Renewal Term.

Annual Subscription One Time Fees Annual Total
Year One USD 15,681.30 USD 6,075.00 USD 21,756.30
Year Two USD 16,940.41 USD 16,940.41
Year Three USD 17,448.62 USD 17,448.62
Year Four USD 17,972.08 USD 17,972.08
Year Five USD 18,511.24 USD 18,511.24
Subtotal USD 92,628.66
Annual Recurring Services Starting Year 6 USD 19,066.58 Renewal Procedure Automatic 1 year renewal term, unless 60 days notice provided prior to renewal date
Annual Uplift 3% to be applied in year 2
This Statement of Work ("SOW") shall be subject to the terms and conditions of the CivicPlus Master Services Agreement and the applicable Solution and Services terms and conditions located at https://www.civicplus.help/hc/en-us/p/legalstuff (collectively, the "Binding Terms"). By signing this SOW, Client expressly agrees to the terms and conditions of the Binding Terms throughout the term of this SOW.

Total Investment – Initial Term to be prorated based on signature date.

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Acceptance of Quote # Q-119891-1
The undersigned acknowledges having read, understood, and agreed to be bound by the binding terms and conditions incorporated into this SOW. This SOW shall become effective as of the date of the last signature below (“Effective Date”).

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Item #12

CITY COUNCIL AGENDA REPORT
May 19, 2026
Public Works - Engineering Division
TITLE: ADOPT A RESOLUTION AMENDING THE FISCAL YEAR 2026/27 BUDGET TO INCORPORATE A LIST OF PROJECTS FUNDED BY SENATE BILL 1, THE ROAD AND REPAIR ACCOUNTABILITY ACT OF 2017

SUMMARY
Senate Bill 1 (SB 1), the Road Repair and Accountability Act of 2017, was enacted to address significant statewide funding shortfalls for multimodal transportation. SB 1 created the Road Maintenance and Rehabilitation Account (RMRA), which provides funding to cities and counties for eligible street and road maintenance projects.

To receive RMRA funds, the City Council must adopt a resolution identifying the projects proposed to be funded with those revenues. The project list must include a description and location of each proposed project, an anticipated completion schedule, and the estimated useful life of the improvements. For fiscal year (FY) 2026/27, the City anticipates receiving approximately $2,211,053 in RMRA funding.

RECOMMENDATION
Adopt a resolution amending the FY 2026/27 budget to incorporate a list of street improvements to be funded by SB 1, the Road Repair and Accountability Act of 2017.

BACKGROUND
Senate Bill 1 (SB 1) was passed by the California Legislature and signed into law by the Governor in April 2017 to address significant statewide funding shortfalls for multimodal transportation. SB 1 funds are distributed throughout California through the Road Maintenance and Rehabilitation Account (RMRA). To receive RMRA funding, the City must annually adopt a resolution identifying all projects proposed to be funded with those revenues. The project list must include a description and location of each proposed project, the anticipated completion schedule, and the estimated useful life of the improvements.

DISCUSSION
The City programmed fiscal year (FY) 2026/27 SB 1 funding in the Streets Capital Improvement Program (CIP) under Annual Resurfacing and Reconstruction of Various Streets, CIP No. 27503, and Annual Slurry Sealing of Various Streets, CIP No. 27504. These projects will provide roadway resurfacing and slurry seal treatments on various streets throughout the city.

The City uses a Pavement Management System (PMS) to identify streets in need of resurfacing. The PMS divides the City's street network into approximately 1,388 segments, each of which is inspected and condition-rated every two years. Based on these evaluations, staff develops street maintenance projects that include both full street reconstruction, such as repaving, and preventive maintenance, such as slurry sealing. The PMS is intended to

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rehabilitate streets that are failing or near failure while extending the service life of streets that remain in good condition through timely preventive maintenance.

Annual Resurfacing and Reconstruction of Various Streets, CIP No. 27503 This project will resurface approximately 893,000 square feet of roadway pavement.

Construction is scheduled to begin in spring 2027 and be completed by winter 2027. The resurfacing treatments are expected to extend the useful life of the treated roadway by an additional 10 to 15 years. The streets proposed for resurfacing with SB 1 funding are listed below.

STREET NAME BEGIN LOCATION END LOCATION
VINEYARD AVENUE 130 FEET EAST OF

LEONA PLACE

THIESSEN STREET
(WEST)

VINEYARD AVENUE THIESSEN STREET
(WEST)
1860 FEET EAST OF

THIESSEN STREET
(WEST)
VINEYARD AVENUE 1860 FEET EAST OF

THIESSEN STREET
(WEST)
1050 FEET EAST OF

MACHADO PLACE
VINEYARD AVENUE 1050 FT EAST OF

MACHADO PLACE

RUBY HILL BOULEVARD

VINEYARD AVENUE RUBY HILL BOULEVARD WEST OF ISABEL
AVENUE

VINEYARD AVENUE FIRST STREET BERNAL AVENUE

SUNOL BOULEVARD VALLEY AVENUE /

JUNIPERO STREET

BERNAL AVENUE

SYCAMORE ROAD SUNOL BOULEVARD SYCAMORE CREEK
WAY
Annual Slurry Sealing of Various Streets, CIP No. 27504 This project will slurry seal approximately 750,000 square feet of roadway pavement by applying a thin coat of asphalt-aggregate slurry to the existing pavement. Construction is scheduled to begin in September 2027 and be completed by October 2027. The slurry seal treatments are expected to extend the useful life of the treated roadway by an additional 6 to 8 years. The streets proposed for slurry sealing with SB 1 funding are listed below.

STREET NAME BEGIN LOCATION END LOCATION
AMBER LANE HAMILTON WAY 350 FEET NORTH OF

HAMILTON WAY

AMBER LANE HAMILTON WAY ROMEO COURT

AMBER LANE ROMEO COURT CARRIAGE DRIVE

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MATTHEW COURT ARLINGTON DRIVE END

ARLINGTON COURT ARLINGTON DRIVE END

ARLINGTON DRIVE HAMILTON WAY MATTHEW COURT

BLOSSOM COURT AMBER LANE END

HANOVER COURT HAMILTON WAY END

HAMILTON WAY ARLINGTON DRIVE AMBER LANE

ARLINGTON DRIVE MATTHEW COURT CARRIAGE DRIVE

ARLINGTON DRIVE SUNOL BOULEVARD HAMILTON WAY

BRIANNE COURT CARRIAGE DRIVE END

STANTON COURT HAMILTON WAY END

ROMEO COURT AMBER LAN END

CARRIAGE DRIVE HAPPY VALLEY ROAD ARLINGTON DRIVE

RANDALL COURT HAMILTON WAY END

LANSING COURT HAMILTON WAY END

SYCAMORE CREEK
WAY

SYCAMORE ROAD SUMMIT CREEK LANE

SYCAMORE CREEK
WAY
SUMMIT CREEK LANE 73 FEET EAST OF

DALTON CREEK WAY

SYCAMORE CREEK
WAY
73 FEET EAST OF
DALTON

CREEK WAY
END

SUMMIT CREEK LANE SYCAMORE CREEK
WAY

SUMMIT CREEK COURT

SUMMIT CREEK COURT SUMMIT CREEK LANE END

SUNNY BROOK WAY SYCAMORE CREEK
WAY

DALTON CREEK WAY
SUNSET CREEK LANE SUMMIT CREEK LANE 195 FEET WEST OF

SUNSET CREEK COURT
SUNSET CREEK LANE 195 FEET WEST OF

SUNSET CREEK COURT
END

DALTON CREEK WAY SYCAMORE CREEK
WAY

SUNSET CREEK LANE

HANIFEN WAY SYCAMORE CREEK
WAY

SUNSET CREEK LANE

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ELLIS COURT SUNSET CREEK LANE END

HIDDEN CREEK COURT SYCAMORE CREEK
WAY
END
SB 1 funds supplement other local street and road maintenance funding sources and have been essential to maintaining the City’s transportation infrastructure despite continually increasing costs.

EQUITY AND SUSTAINABILITY
Approval of this action will advance the Climate Action Plan (CAP 2.0) in Transportation and Land Use by promoting an effective transportation system and improving bike and pedestrian access for the community.

OUTREACH
No outreach was conducted for this item as it is a routine matter of City business.

STRATEGIC PLAN ALIGNMENT
Approval of this action advances the citywide ONE Pleasanton strategic plan goal of Investing in Our Environment, Strategy 1 – Implement the four-year Capital Improvement Program (CIP) to complete design and construction of budgeted capital projects.

FISCAL IMPACT
The City expects to receive approximately $2,211,053 in FY 2026/27 RMRA funding under SB

1. These funds are programmed in the FY 2026/27 Streets Capital Improvement Program (CIP) under Annual Resurfacing and Reconstruction of Various Streets, CIP No. 27503, and Annual Slurry Sealing of Various Streets, CIP No. 27504. Approval of this resolution will amend the FY 2026/27 budget to incorporate the SB 1 project list.

Prepared by: Submitted by: Approved by:

Adam Nelkie, Assistant Dir.
of Public Works -
Engineering
Siew-Chin Yeong, Director of Public
Works
Gerry Beaudin, City
Manager
Attachments:

1. SB 1 Resolution for FY 2026-27

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ATTACHMENT 1
RESOLUTION NO._______

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON ADOPTING A LIST OF PROJECTS FOR THE FISCAL YEAR 2026-2027 FUNDED BY SB 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017
WHEREAS, Senate Bill 1 (SB 1), the Road Repair and Accountability Act of 2017 (Chapter 5, Statutes of 2017) was passed by the Legislature and Signed into law by the Governor in April 2017 to address the significant multimodal transportation funding shortfalls statewide; and
WHEREAS, SB 1 includes accountability and transparency provisions that will ensure the residents of our City are aware of the projects proposed for funding in our community and which projects have been completed each fiscal year; and WHEREAS, the City must adopt by resolution a list of projects proposed to receive fiscal year funding from the Road Maintenance and Rehabilitation Account (RMRA), created by SB 1, which must include a description and the location of each proposed project, a proposed schedule for the project’s completion, and the estimated useful life of the improvement; and WHEREAS, the City will receive an estimated $2,211,053 in RMRA funding in Fiscal Year 2026-2027 from SB 1; and
WHEREAS, this is the 10th year in which the City is receiving SB 1 funding and will enable the City to continue essential road maintenance and rehabilitation projects, safety improvements, repairing and replacing aging bridges, and increasing access and mobility options for the traveling public that would not have otherwise been possible without SB 1; and WHEREAS, the City has undergone a robust public process to ensure public input into our community’s transportation priorities/the project list; and WHEREAS, the City used a Pavement Management System to develop the SB 1 project list to ensure revenues are being used on the most high-priority and cost-effective projects that also meet the community's priorities for transportation investment; and WHEREAS, the funding from SB 1 will help the City maintain and rehabilitate local streets, add active transportation infrastructure throughout the City this year and hundreds of similar projects into the future; and
WHEREAS, the 2023 California Statewide Local Streets and Roads Needs Assessment found that the City’s streets and roads are in an “good” condition and this revenue will help us increase the overall quality of our road system and over the next decade will bring our streets and roads into a “good to excellent” condition; and
WHEREAS, the SB 1 project list and overall investment in our local streets and roads infrastructure with a focus on basic maintenance and safety, investing in complete streets infrastructure, and using cutting-edge technology, materials and practices, will have significant positive co-benefits statewide.

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Resolution No.

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NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING:

SECTION 1. The foregoing recitals are true and correct.

SECTION 2. Amends the Streets CIP for FY 26/27, incorporating the following planned projects to be funded with Road Maintenance and Rehabilitation Account revenues:

Annual Resurfacing and Reconstruction of Various Streets, CIP No. 27503.

This project will resurface approximately 893,000 square feet of roadway pavement.

STREET NAME BEGIN LOCATION END LOCATION
VINEYARD AVENUE 130 FEET EAST OF

LEONA PLACE

THIESSEN STREET
(WEST)

VINEYARD AVENUE THIESSEN STREET
(WEST)
1860 FEET EAST OF

THIESSEN STREET
(WEST) VINEYARD AVENUE 1860 FEET EAST OF

THIESSEN STREET
(WEST)
1050 FEET EAST OF

MACHADO PLACE
VINEYARD AVENUE 1050 FT EAST OF

MACHADO PLACE RUBY HILL BOULEVARD

VINEYARD AVENUE RUBY HILL BOULEVARD WEST OF ISABEL
AVENUE

VINEYARD AVENUE FIRST STREET BERNAL AVENUE

SUNOL BOULEVARD VALLEY AVENUE /

JUNIPERO STREET BERNAL AVENUE

SYCAMORE ROAD SUNOL BOULEVARD SYCAMORE CREEK WAY
Annual Slurry Sealing of Various Streets, CIP No. 27504 This project will slurry seal approximately 750,000 square feet of roadway pavement by applying a thin coat of asphalt-aggregate slurry to the existing pavement. Construction is scheduled to begin in September 2027 and be completed by October 2027. The slurry seal treatments are expected to extend the useful life of the treated roadway by an additional 6 to 8 years. The streets proposed for slurry sealing with SB 1 funding are listed below.

STREET NAME BEGIN LOCATION END LOCATION
AMBER LANE HAMILTON WAY 350 FEET NORTH OF

HAMILTON WAY

AMBER LANE HAMILTON WAY ROMEO COURT

AMBER LANE ROMEO COURT CARRIAGE DRIVE

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Resolution No.

Page 3 of 4 ends

STREET NAME BEGIN LOCATION END LOCATION

MATTHEW COURT ARLINGTON DRIVE END

ARLINGTON COURT ARLINGTON DRIVE END

ARLINGTON DRIVE HAMILTON WAY MATTHEW COURT

BLOSSOM COURT AMBER LANE END

HANOVER COURT HAMILTON WAY END

HAMILTON WAY ARLINGTON DRIVE AMBER LANE

ARLINGTON DRIVE MATTHEW COURT CARRIAGE DRIVE

ARLINGTON DRIVE SUNOL BOULEVARD HAMILTON WAY

BRIANNE COURT CARRIAGE DRIVE END

STANTON COURT HAMILTON WAY END

ROMEO COURT AMBER LAN END

CARRIAGE DRIVE HAPPY VALLEY ROAD ARLINGTON DRIVE

RANDALL COURT HAMILTON WAY END

LANSING COURT HAMILTON WAY END

SYCAMORE CREEK WAY SYCAMORE ROAD SUMMIT CREEK LANE
SYCAMORE CREEK WAY SUMMIT CREEK LANE 73 FEET EAST OF

DALTON CREEK WAY
SYCAMORE CREEK WAY 73 FEET EAST OF
DALTON

CREEK WAY
END

SUMMIT CREEK LANE SYCAMORE CREEK WAY SUMMIT CREEK COURT

SUMMIT CREEK COURT SUMMIT CREEK LANE END

SUNNY BROOK WAY SYCAMORE CREEK WAY DALTON CREEK WAY
SUNSET CREEK LANE SUMMIT CREEK LANE 195 FEET WEST OF

SUNSET CREEK COURT
SUNSET CREEK LANE 195 FEET WEST OF

SUNSET CREEK COURT END

DALTON CREEK WAY SYCAMORE CREEK WAY SUNSET CREEK LANE

HANIFEN WAY SYCAMORE CREEK WAY SUNSET CREEK LANE

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Resolution No.

Page 4 of 4 ends

STREET NAME BEGIN LOCATION END LOCATION

ELLIS COURT SUNSET CREEK LANE END

HIDDEN CREEK COURT SYCAMORE CREEK WAY END
PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on May 19, 2026.

Ayes:

Noes:

Absent:

Abstain:
_____________________________
Jocelyn Kwong, City Clerk
APPROVED AS TO FORM:
____________________________
Daniel G. Sodergren, City Attorney

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Item #13

CITY COUNCIL AGENDA REPORT
May 19, 2026
Public Works - Engineering Division
TITLE: AUTHORIZE THE CITY MANAGER TO GRANT THE AMADOR THEATER PROPERTY AT 1155 SANTA RITA ROAD TO THE PLEASANTON UNIFIED

SCHOOL DISTRICT AND ADOPT A RESOLUTION OF SUMMARY VACATION FOR ACCESS AND UTILITY EASEMENT AT 1331 SANTA RITA ROAD FOR THE

PLEASANTON UNIFIED SCHOOL DISTRICT

SUMMARY
On January 19, 1988, the City of Pleasanton and the Amador Valley Joint Union High School District (AVJUHSD) entered into an Agreement to Convey Amador Theater to the City, Including Terms and Conditions Regulating the Management and Use (1988 Agreement).

AVJUHSD subsequently conveyed, by Grant Deed, the Amador Theater property on the campus of Amador Valley High School at 1155 Santa Rita Road to the City. The Grant Deed also conveyed to the City an Access and Utility Easement (AUE) across the adjoining AVJUHSD property at 1331 Santa Rita Road.

On September 1, 2024, the City entered into an Amador Theater Transfer Agreement (2024 Agreement) (Attachment 5) to convey the theater property back to Pleasanton Unified School District (PUSD), successor to AVJUHSD. The property transfer has not yet occurred because the surrounding PUSD property at 1331 Santa Rita Road remains subject to the AUE held by the City, which encloses utility services for the theater that are no longer needed.

To vacate the AUE, the California Streets & Highways Code requires the City to notify utility purveyors that may operate facilities within the easement. Through this process, the City learned that a 20-foot-wide strip of utility easement along the PUSD’s Santa Rita Road frontage must remain. This recommended action vacates the remaining easement area and facilitates transfer of the Amador Theater to PUSD to facilitate PUSD’s development of the theater property.

RECOMMENDATION

1. Authorize the City Manager to execute a Grant Deed conveying the Amador Theater property back to the PUSD (Attachment 1).

2. Adopt a Resolution of Summary Vacation for the AUE, reserving a 20-foot-wide strip of utility easement along the Santa Rita Road frontage for current and future public utilities (Attachment 2).

3. Authorize the City Manager to execute a Quitclaim Deed for the AUE (Attachment 3).

4. Authorize the City Clerk to record the Grant Deed and Quitclaim Deed with the Alameda County Clerk-Recorder.

BACKGROUND

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On January 19, 1988, the City and the Amador Valley Joint Union High School District (AVJUHSD) entered into the 1988 Agreement for the transfer of the Amador Theater property to the City. On April 21, 1988, AVJUHSD conveyed, by Grant Deed (Instrument No. 88- 095274), the property located within the campus of Amador Valley High School at 1155 Santa Rita Road, as well as an Access and Utility Easement on the adjoining property at 1331 Santa Rita Road, to the City. Section I.e. of the 1988 Agreement provides: "The District [PUSD] shall have and retain the right to repurchase the [theater] property for $100 if the City shall ever cease management and operation of a City theater on the property or fifty years from the date of this Agreement, whichever comes first."
As AVJUHSD's successor, PUSD expressed interest in having the theater property returned to the District after voters passed Measure I in 2022, which led to the 2024 Agreement. Due to the AUE on the adjoining PUSD property, which contains utilities serving the theater and surrounding areas, the City contacted the purveyors of those utilities, including PG&E and AT&T. The purveyors requested that a 20-foot strip of utility easement along Santa Rita Road be reserved, while the remaining areas that formerly served the theater be vacated.

DISCUSSION
To implement the 2024 Agreement, the City must execute and record a Grant Deed conveying the theater property back to PUSD. Using Measure I voter-approved bond funds, PUSD plans to demolish the theater and construct improvements that better serve Amador Valley High School. Recordation of the Grant Deed will transfer ownership of the property to PUSD.

California Streets and Highways Code section 8330 et seq. prescribes the process the City must use to vacate the AUE. The City sent formal notices to utility purveyors asking whether they object to the AUE vacation. No objections were submitted within the allowed timeframe; however, a 20-foot strip of utility easement along Santa Rita Road must be reserved for continued use by those purveyors. The remainder of the easement is no longer necessary and may be summarily vacated by the City Council. Execution and recordation of a Quitclaim Deed will complete the easement modifications.

EQUITY AND SUSTAINABILITY
Not applicable, as this item is an administrative matter of City business.

OUTREACH
Notification letters were sent to easement beneficiaries as required by California Streets and Highways Code section 8335(b)(5). No easement beneficiary submitted an objection to the proposed vacation.

STRATEGIC PLAN ALIGNMENT
Not applicable, as this item is an administrative matter of City business.

FISCAL IMPACT
There is no fiscal impact associated with this action.

Page 391 of 908 ends

Page 3 of 3 ends

Prepared by: Submitted by: Approved by:

Michael Stella, City
Engineer
Siew-Chin Yeong, Director of Public
Works
Gerry Beaudin, City
Manager
Attachments:

1. Grant Deed of the Amador Theater property at 1155 Santa Rita Road

2. Resolution of Summary Vacation for Public Utility Easement

3. Quitclaim Deed of Access and Utility Easement across 1331 Santa Rita Road

4. Vicinity Map

5. 2025 Amador Theater Transfer Agreement

Page 392 of 908 ends

Attachment 1
RECORDING REQUESTED BY:

City of Pleasanton
AND WHEN RECORDED MAIL TO:

City of Pleasanton
Attention: City Clerk
P.O. Box 520
Pleasanton, CA 94566
MAIL TAX STATEMENTS TO:

SAME AS ABOVE
Space Above This Line For Recorder’s Use Only
The Undersigned grantor(s) declare(s):

CITY TRANSFER TAX $0.00
DOCUMENTARY TRANSFER TAX $ Release of easement
SURVEY MONUMENT FEE $0.00
R&T Code 11911 Value or consideration is less than $100 Computed on the consideration or value of property conveyed; OR computed on the consideration or value less liens or encumbrances remaining at time of sale.

Recording requested pursuant to
APN 946-3367-4-4 Government Code Sections §27383 & §6103 (No Fee; Government Agency)

GRANT DEED
FOR VALUABLE CONSIDERATION, receipt and adequacy of which are hereby acknowledged, the CITY OF PLEASANTON, a municipal corporation (“Grantor”), pursuant to Resolution No. 2026-____ adopted by the Pleasanton City Council on May 19, 2026, attached hereto as Exhibit C, hereby GRANT to:

THE PLESANTON UNIFIED SCHOOL DISTRICT, a public school district organized and existing under the laws of the State of California (“Grantee”),
All that real property situated in the City of Pleasanton, County of Alameda, State of California, commonly referred to as 1155 Santa Rita Road and/or the Amador Theater property, as described in Exhibit A and as depicted on Exhibit B, attached hereto and made a part hereof.

Executed as of this ___________ day of ______________________, 2026.

City of Pleasanton “Grantor” Pleasanton Unified School District “Grantee” Gerry Beaudin, City Manager Maurice Ghysels, Ed.D, Superintendent Approved as to Form:

Daniel G. Sodergren, City Attorney
Attest:

Jocelyn Kwong, City Clerk

Page 393 of 908 ends

NOTARY ACKNOWLEDGMENT ATTACHED

Page 394 of 908 ends

EXHIBIT ‘A’

LEGAL DESCRIPTION

AMADOR THEATER

TRANSFER AREA

PARCEL B
REAL PROPERTY IN THE CITY OF PLEASANTON, ALAMEDA COUNTY, STATE OF CALIFORNIA.

BEING THE AREA DESCRIBED IN THE GRANT DEED RECORDED WITH DOCUMENT NUMBER 88-095274 ON APRIL 21, 1988, ALAMEDA COUNTY RECORDS AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE MONUMENT AT THE INTERSECTION OF SANTA RITA ROAD AND BLACK AVENUE, AS SHOWN ON PARCEL MAP NO. 2764 RECORDED IN BOOK 107, PAGE 8 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY; THENCE, ALONG THE CENTERLINE OF SAID SANTA RITA ROAD SOUTH 08° 53’19" WEST A DISTANCE OF 1,577.93 FEET TO A POINT FROM WHENCE A

MONUMENT AT THE INTERSECTION OF SAID SANTA RITA ROAD AND STANLEY BOULEVARD BEARS SOUTH 08° 53’19" WEST A DISTANCE OF 681.62 FEET; THENCE, LEAVING SAID CENTERLINE OF SANTA RITA ROAD NORTH 81° 06’41" WEST A DISTANCE OF 39.00 FEET TO THE WESTERLY LINE OF SAID SANTA RITA ROAD; THENCE, NORTH 81°06'41" WEST, A DISTANCE OF 268.30 FEET; THENCE NORTH 08°53'19" EAST, A DISTANCE OF 39.00 FEET; THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 7.44 FEET AND THE POINT OF BEGINNING OF THIS DESCRIPTION.

THENCE FROM SAID POINT OF BEGINNING, NORTH 08°53'19" EAST, A DISTANCE OF 110.00 FEET; THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 41.00 FEET;
THENCE SOUTH 08°53'19" WEST, A DISTANCE OF 8.00 FEET;
THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 6.00 FEET;
THENCE SOUTH 08°53'19" WEST, A DISTANCE OF 32.00 FEET;
THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 55.50 FEET;
THENCE NORTH 08°53'19" EAST, A DISTANCE OF 6.00 FEET;
THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 24.75 FEET;
THENCE NORTH 08°53'19" EAST, A DISTANCE OF 10.00 FEET;
THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 29.25 FEET;
THENCE SOUTH 08°53'19" WEST, A DISTANCE OF 102.00 FEET; THENCE NORTH 81°06'41" WEST, A DISTANCE OF 29.25 FEET;
THENCE NORTH 08°53'19" EAST, A DISTANCE OF 10.00 FEET;
THENCE NORTH 81°06'41" WEST, A DISTANCE OF 24.75 FEET;

Page 395 of 908 ends

THENCE NORTH 08°53'19" EAST, A DISTANCE OF 6.00 FEET;
THENCE NORTH 81°06'41" WEST, A DISTANCE OF 102.50 FEET TO THE POINT OF BEGINNING.

CONTAINING 14,020 SQUARE FEET OR 0.322 ACRES, MORE OR LESS.

SEE EXHIBIT 'B', PLAT TO ACCOMPANY DESCRIPTION, ATTACHED HERETO AND MADE A PART HEREOF.

END OF DESCRIPTION
APRIL 28, 2026
RYAN M. SEXTON / PLS 9177

Page 396 of 908 ends

SANTA RITA ROAD PARCEL B

AMADOR THEATER

CITY OF PLEASANTON PLAT TO ACCOMPANY ALAMEDA COUNTY STATE OF CALIFORNIA

DESCRIPTION

EXHIBIT 'B'

BUILDING RELATIONSHIPS ONE PROJECT AT A TIME
3875 hopyard road, suite 345 Tel 925.847.1556
PLEASANTON, CA 94588 Fax 925.847.1557

BLACK AVENUE
STANLEY BLVD.

Page 397 of 908 ends

Attachment 2

Page 1 of 2 ends

RESOLUTION NO. 2026-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON OF SUMMARY VACATION FOR PUBLIC UTILITY EASEMENT AT 1331 SANTA RITA ROAD
WHEREAS, on April 21, 1988, the Amador Valley Joint Unified School District granted to City of Pleasanton, a municipal corporation, an access and utility easement across property identified as 1331 Santa Rita Road (Assessor Parcel Number 946-3367-4-5) according to a Grant Deed recorded as Instrument #88-095274; and
WHEREAS, the Pleasanton Unified School District, as successor to the Amador Valley Joint Unified School District, entered into an Amador Theater Transfer Agreement dated September 1, 2024, to convey property at 1155 Santa Rita Road (Assessor Parcel Number 946- 3367-4-4) from the City to the District, a conveyance that requires the City to quitclaim the access easement and portions of the utility easement across 1331 Santa Rita Road; and WHEREAS, the City Council, as legislative body, has been granted the authority to summarily vacate public easements that are no longer needed or relevant according to the regulatory procedure prescribed by §8330 et seq. of the California Streets and Highways Code; and
WHEREAS, local utility purveyors who benefit from the access and utility easement held by the City were sent formal notices about the proposed vacation with said purveyors asking that a 20-foot wide utility easement be reserved along the Santa Rita Road frontage but all other areas of the original easement were no longer needed.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING:

SECTION 1. This Resolution of Summary Vacation for Access and Utility Easement at 1331 Santa Rita Road is hereby adopted based on the following:
• The summary vacation of Access and Utility Easement is made under California Streets and Highways Code §8330 et seq.
• The portion of the Access and Utility Easement to be summarily vacated was conveyed via Grant Deed recorded as Instrument #88-095274 on April 21, 1988. • This Resolution is prima facie evidence that described portions of the Access and Utility Easement are determined to be excess.
• That from and after the date this Resolution is recorded, the described portions of the Access and Utility Easement no longer constitute a street, highway, or public easement.
• That all entities having any right, title, or interest in the described portion of the Access and Utility Easement being vacated have been notified of this action.

SECTION 2. The City Manager shall execute the Quitclaim of Access and Utility Easement across 1331 Santa Rita Road as authorized by this Resolution.

SECTION 3. The City Clerk shall cause a certified copy of this Resolution, as attested under seal, to be recorded without acknowledgment, certificate of acknowledgment, or further

Page 398 of 908 ends

Page 2 of 2 ends

proof in the office of the Alameda County Recorder together with the fully executed Quitclaim of Access and Utility Easement across 1331 Santa Rita Road.

PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on May 19, 2026.

Ayes:

Noes:

Absent:

Abstain:
__________________________
Jocelyn Kwong, City Clerk
APPROVED AS TO FORM:
_________________________________
Daniel G. Sodergren, City Attorney

Page 399 of 908 ends

Attachment 3
RECORDING REQUESTED BY:

City of Pleasanton
AND WHEN RECORDED MAIL TO:

City of Pleasanton
Attention: City Clerk
P.O. Box 520
Pleasanton, CA 94566
MAIL TAX STATEMENTS TO:

SAME AS ABOVE
Space Above This Line For Recorder’s Use Only
The Undersigned grantor(s) declare(s):

Recording requested pursuant to
APN 946-3367-4-5 Government Code Sections §27383 & §6103 (No Fee; Government Agency)

QUITCLAIM DEED
FOR VALUABLE CONSIDERATION, receipt and adequacy of which are hereby acknowledged, the CITY OF PLEASANTON, a municipal corporation (“City”), pursuant to Resolution No. 2026-____ adopted by the Pleasanton City Council on May 19, 2026, attached hereto as Exhibit C, hereby RELEASE, REMISE, AND QUITCLAIM to:

THE PLESANTON UNIFIED SCHOOL DISTRICT, a public school district organized and existing under the laws of the State of California (“District”), any and all right, title, and interest City may have in and to the described portion of the

ACCESS AND UTILITY EASEMENT
as described in Exhibit A and as depicted on Exhibit B, attached hereto and made a part hereof.

Executed as of this ___________ day of ______________________, 2026.

City of Pleasanton
_________________________________
Gerry Beaudin, City Manager
Approved as to Form:
__________________________________
Daniel G. Sodergren, City Attorney

Page 400 of 908 ends

Attest:
____________________________________
Jocelyn Kwong, City Clerk

NOTARY ACKNOWLEDGMENT ATTACHED

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EXHIBIT ‘A’

LEGAL DESCRIPTION

AMADOR THEATER

ACCESS AND UTILITY EASEMENT QUITCLAIM AREA

PARCEL A
REAL PROPERTY IN THE CITY OF PLEASANTON, ALAMEDA COUNTY, STATE OF CALIFORNIA.

BEING THE AREA DESCRIBED AS AN ACCESS AND UTILITY EASEMENT IN THE GRANT DEED RECORDED WITH DOCUMENT NUMBER 88-095274 ON APRIL 21, 1988, ALAMEDA COUNTY RECORDS AND MORE PARTICULARLY DESCRIBED AS FOLLOWS:

THENCE FROM SAID POINT OF BEGINNING, NORTH 81°06'41" WEST, A DISTANCE OF 268.30 FEET; THENCE NORTH 08°53'19" EAST, A DISTANCE OF 39.00 FEET;
THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 109.94 FEET; THENCE SOUTH 08°53'19" WEST, A DISTANCE OF 6.00 FEET;
THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 24.75 FEET;
THENCE SOUTH 08°53'19" WEST, A DISTANCE OF 10.00 FEET;
THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 29.25 FEET;
THENCE NORTH 08°53'19" EAST, A DISTANCE OF 102.00 FEET; THENCE NORTH 81°06'41" WEST, A DISTANCE OF 29.25 FEET;
THENCE SOUTH 08°53'19" WEST, A DISTANCE OF 10.00 FEET;
THENCE NORTH 81°06'41" WEST, A DISTANCE OF 24.75 FEET;
THENCE SOUTH 08°53'19" WEST, A DISTANCE OF 6.00 FEET;
THENCE NORTH 81°06'41" WEST, A DISTANCE OF 55.50 FEET;
THENCE NORTH 08°53'19" EAST, A DISTANCE OF 32.00 FEET;
THENCE NORTH 81°06'41" WEST, A DISTANCE OF 6.00 FEET;

Page 402 of 908 ends

THENCE NORTH 08°53'19" EAST, A DISTANCE OF 8.00 FEET;
THENCE NORTH 81°06'41" WEST, A DISTANCE OF 41.00 FEET;
THENCE NORTH 08°53'19" EAST, A DISTANCE OF 7.93 FEET;
THENCE SOUTH 81°06'41" EAST, A DISTANCE OF 260.86 FEET; THENCE SOUTH 08°53'19" WEST, A DISTANCE OF 156.93 FEET TO THE POINT OF BEGINNING.

CONTAINING 27,207 SQUARE FEET OR 0.625 ACRES, MORE OR LESS.

SEE EXHIBIT 'B', PLAT TO ACCOMPANY DESCRIPTION, ATTACHED HERETO AND MADE A PART HEREOF.

END OF DESCRIPTION
APRIL 28, 2026
RYAN M. SEXTON / PLS 9177

Page 403 of 908 ends

SANTA RITA ROAD PARCEL A

CITY OF PLEASANTON

ALAMEDA COUNTY STATE OF CALIFORNIA

PLAT TO ACCOMPANY

DESCRIPTION

EXHIBIT 'B'

BUILDING RELATIONSHIPS ONE PROJECT AT A TIME
3875 hopyard road, suite 345 Tel 925.847.1556
PLEASANTON, CA 94588 Fax 925.847.1557

BLACK AVENUE
STANLEY BLVD.

Page 404 of 908 ends

Attachment 4

Page 1 of 1 ends

Vicinity Map

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AMADOR THEATER TRANSFER AGREEMENT

BETWEEN

PLEASANTON UNIFIED SCHOOL DISTRICT
AND

CITY OF PLEASANTON
i
1 This Amador Theater Transfer Agreement(" Agreement") is entered into by and between the Pleasanton Unified School District, a public school district organized and existing under the laws of the State of California(" District") and the City of Pleasanton, a municipal corporation existing under the law of the State of California(" City"). The District and City may each be referred to individually as " Party" and together as the " Parties" in this Agreement.

RECITALS
WHEREAS, on January 19, 1988, the City of Pleasanton and the Amador Valley Joint Union High School District ( the " AVJUHSD") entered into an Agreement to Convey Amador Theater to the City Including Terms and Conditions Regulating the Management and Use ( the " 1988 Agreement") whereby the AVJUHSD conveyed by grant deed, see Exhibit A, the Amador Theater property located on the campus of Amador Valley High School at 1155 Santa Rita Road, Pleasanton to the City; and
WHEREAS, the 1988 grant deed attached as Exhibit A was subject to the terms and conditions set forth in the 1988 Agreement; and
WHEREAS, the District is the successor to the Amador Valley Joint Union High School District; and
WHEREAS, the 1988 Agreement, in Section I. e. provides that: " The District shall have and retain the right to repurchase the Property for$ 100. 00 if the City shall ever cease management and operation of a City theater on the Property or fifty years from the date of this Agreement, whichever comes first."; and
WHEREAS, the District wishes to have the Amador Theater returned to the District; and WHEREAS, District and City agree to cooperate for advance notice to the City if the Amador Theater is decommissioned so that any community theater events can be timely discontinued, and the City can remove personal property and equipment from the Amador Theater.

NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, the Parties agree as follows:
1 Attachment 5

Page 406 of 908 ends

i
i

AGREEMENT

1. Reconveyance. The City shall reconvey to the District the Amador Theater property described in Exhibit A (the " Property") by Grant Deed subject to reservation of the existing access and utility easements as described in Exhibit A.

2. Consideration. The District shall pay the City One Hundred Dollars ($ 100. 00) for the reconveyance ofthe Property ( the" Cash Payment").
a. The Property shall not include those personal property items or improvements installed by the City which the City removes pursuant to Section 6, below.

3. Reconveyance of Title.
a. The City shall take all actions necessary to convey the Property to the District no later than September 1, 2024.
b. The District will pay the Cash Payment for the Property to the City within ten ( 10) days of the Effective Date of this Agreement.
c. At the discretion of the District, reconveyance may occur by escrow through a title company selected by the District.
i. Ifthe District elects to have the reconveyance occur through escrow established by a title company, the District and the City shall jointly prepare escrow instructions.

1. The District shall be responsible for the cost of title insurance and title report costs. The Parties shall equally split the cost of any recording fees and escrow fees.

4. Reconveyance of Property in As- Is Condition, Representations and Warranties. Except as stated in this Section 4, the District and the City agree that the reconveyance of the Property shall be in an as- is condition, subject to the City' s removal of City property as provided in Section 6, below. The City represents and warrants that, to the best of its knowledge and except as disclosed to the District in writing:
a. City has made no written commitments or agreements materially and adversely affecting the Property, or any part thereof, or any interest therein, that will survive the conveyance ofthe Property to the District.
b. As of the Effective Date, there are no mechanics', materialmen' s, or similar claims or liens presently claimed or which will be claimed against the Property for work performed or commenced for the City or on the City' s behalf. c. As of the Effective Date, there are not any written or oral leases or contractual rights or options to lease, purchase, or otherwise enjoy possession, rights or interests of any nature in and to the Property and no persons shall have any right of possession to the Property as ofthe conveyance to the District.
2

Page 407 of 908 ends

d. City has not, and will not prior to conveyance to the District, entered into any lien, encumbrance, easement or license agreement, or any other agreement permitting others to use the Property, or any portion thereof, or convey any part of the Property. e. Neither this Agreement nor anything provided to be done hereunder including the transfer of title to the District violates or shall violate any contract, agreement, or instrument to which City is a party.
f. There are no claims, proceedings, initiatives, referenda, moratoria, resolutions, governmental investigations or litigations pending or, to the best of City' s knowledge, threatened against the City, which affect the Property or the City' s ability to convey the Property to the District.
g. During City' s ownership of the Property, there has been no production, storage, or disposal on the Property of any Hazardous Materials and Hazardous Materials have not been dumped, buried, leaked, or otherwise released upon, in or under the Property or otherwise released upon, in or under the Property. City has complied with all laws, regulations, and ordinances relating to the use of all Hazardous Materials used on the Property. There is no proceeding or inquiry by any federal, state or local governmental agency with respect to the use, production, storage, release or migration of Hazardous Material on, through or across the Property, and there is no contamination of Hazardous Materials on, at, about, or within the Property. For purposes of this section, " Hazardous Material" means any hazardous or toxic substance, material or waste that is: ( i) regulated by any governmental authority, the State of California or the United States; ( ii) defined as an " acutely hazardous waste," extremely hazardous waste,"" hazardous waste," or" waste" under Sections 25110. 02, 25115, 25117, or 25124 of the California Health and Safety Code, or listed pursuant to Sections 25141 and 25141. 5 of the California Health and Safety Code, Division 20, Chapter 6. 5 ( Hazardous Waste Control); ( iii) defined as a" hazardous material," " hazardous substance," or" hazardous waste" under Section 25501 of the California Health and Safety Code, Division 20, Chapter 6. 95 ( Hazardous Materials Release Response Plans and Inventory); (iv) defined as a" hazardous substance" under Section 25281 of the California Health and Safety Code Division 20 Chapter

6. 7 ( Underground Storage of Hazardous Substances); ( v) petroleum; ( vi) asbestos; vii) listed under Chapter 10 Division 4. 5 of Title 22 or defined as hazardous or extremely hazardous pursuant to Division 21. 5 of Title 26 ofthe California Code of Regulations; ( viii) designated as a" hazardous waste" pursuant to Section 6903 ofthe Federal Resource Conservation and Recovery Act, 42 U.S. C. Section 6901 et seq.; ix) defined as a" hazardous substance" pursuant to Section 9601 ofthe Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S. C.

Section 9601 et seq.; ( x) any flammable substances or explosives; or( xi) any radioactive material.
h. City is not in default of any of its obligations or liabilities pertaining to the Property, nor are there any existing facts, circumstances, conditions, or events that would constitute or result in any default on the giving of notice, the passage of time, or both. i. The City has not received written notice from any governmental agency that the Property is in violation of any statute or regulation.
3

Page 408 of 908 ends

City shall indemnify, defend, and hold harmless the District and its Board and members thereof, employees, agents, and representatives, from and against any claims for damages resulting from the inaccuracy of any of the above representations.

5. Covenants. The City covenants that it shall not permit any new liens, encumbrances, or easements to be placed on the Property; nor shall the City enter into any agreement regarding the sale, rental, management, repair, improvement, or any other matter affecting the Property that would be binding on the District or the Property after reconveyance.

6. Scheduling and Removal of City Property.
a. In recognition of the City' s advance scheduling of theater events, the District agrees to continue to allow City to use the property until August 31, 2024. b. The City may store its personal property and equipment on the Property as outlined in Exhibit B. However, upon 60 days advance notice by District, City shall remove such personal property and equipment.
c. The Parties agree to cooperate to allow the City, its contractors and agents, entry onto the Property and into Amador Theater to remove City personal property, equipment, and improvements that the City installed at the Amador Theater.

7. Notice. All notices and other communications shall be addressed as follows:

District: Pleasanton Unified School District
5758 W. Las Positas Blvd.

Pleasanton, CA 94588
Attn: Superintendent
City: City of Pleasanton
123 Main Street
P. O. Box 520
Pleasanton, CA 94566
Attn: City Manager

8. Governing Law; Venue. This Agreement shall be governed by and interpreted under the laws of the State of California, with venue being the Superior Court ofthe State of California for Alameda County.

9. Successors and Assigns. The terms and provisions of this Agreement shall extend to and be binding upon and inure to the benefit of the successors and permitted assigns of the respective Parties; provided, however, that neither Party shall have the right to assign its rights or obligations under this Agreement without express written approval of the other Party.
4

Page 409 of 908 ends

Docusign Envelope ID: 19F9E110- E96E- 470C- 95B5- 5D2F80B4524C

10. Execution in Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original ofthe Agreement. Electronic signature pages transmitted to other Parties to this Agreement shall be deemed equivalent to original signatures on counterparts.

11. Warranty of Authority. Each of the persons signing this Agreement represents and warrants that such person has been duly authorized to sign this Agreement on behalf of the Party indicated, and each of the Parties by signing this Agreement warrants and represents that such Party is legally authorized and entitled to enter into this Agreement.

12. Time is of Essence. Time is of essence in this Agreement.

13. Effective Date. The" Effective Date" of this Agreement shall be the date of execution in full by the Parties.

14. 1988 Agreement. In the event of any conflict between this Agreement and the 1988 Agreement, this Agreement shall control.

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their respective officers thereunto duly authorized as ofthe latest date written below.

CITY OF PLEASANTON PLEASANTON UNIFIED SCHOOL

DISTRICT
rsigned by:
c uvi( t SUS
Ge Beaudin, City Manager By: Mau ri ce ysel s
Date: Title: Maurice Ghysels, Interim superintendent
Date: 8/ 27/ 2024
Attest:

Joyn Kvkng, ty Clerk
Approved t Form:

Daniel G. So ergren, Vity Attorney
5

Page 410 of 908 ends

EXHIBIT A - GRANT DEED
BB- 5274
Recorded dt the request of
CITY-- OF PLEASANTOIV i
i t tire,,'?'!. " G" U
DA 1
Return to
F E'Ili Z' C. GAIAOSON, County Record.' r
City Attorney APR Z 1 1988
AM Pit?
P. 0. Box 5.2.0 7180111001021112131141516
Pleasantont CA 94566
Escrow No_ ....._________
Glrant Deed (corporation)
For value received AMADOR VALLEY JOINT UNION HIGH SCHOOL DISTRICT GRANT__$.... to CITY OF PLEASANTON, a municipal corporation, all that real property situate in the
County of Alameda, State of California, described as follows:

See Exhibit A, attached hereto and incorporated herein by this reference .

DOCUMENTARY TRANSFER TAX $---.....

None
ElCOMPUTED ON FULL VALUE OF PROPERTY CONVEYED, OR

COMPUTED ON FULL VALUE LESS LIENS& ENCUMBRANCES

REMAINING THEREON AT TIME OF SALE,
Signature of declarant or agent determining tax- firm nome.

IN WITNESS WHEREOF, said corporation has executed these presents by its officers thereunto duly authorized, this ------ ............. day of .

By .'._ By ----------------------------------------------------------- Secretary Vico President

Page 411 of 908 ends

r . Fa- 095274

EXHIBIT A
A. P. No. 946- 3367- 4- 3 )
That portion of the City of Pleasanton, County of Alameda, State of California, described as follow:

Commmencing at the monument at the intersection of Santa Rita Road and Black Avenue, as shown on Parcel Map No. 2764
recorded in Book 107, Page 8 of Maps, in the office of the County Recorder of said County; thence, along the centreline of said Santa Rita Road S . 08 06107" W. , 1, 577. 93 feet to a point from whence a monument at the intersection of said Santa Rita Road and Stanley Boulevard bears S. 08 06 ' 07" W. , 681. 62 feet; thence, Leaving said centerline of Santa Rita Road N. 81 53153" W. , 39 . 00 feet to the westerly line of said Santa Rita Road, hereinafter referred to a Point A; thence, continuing N. 81 53153" W. , 268. 31 feet; thence, N. 08 06107" E. , 39 . 00 feet; thence, S . 81 53 ' 53" E. , 7 . 44 feet to the POINT OF BEGINNING of this description; thence, along a line between the existing auditorium and gymnasium N. 08 06 ' 07" E. , 110 . 00 feet; thence, leaving said line S. 81 53 ' 53" E. ,

41. 00 feet; thence, S . 08 06 ' 07" W. , 8:- 00 feet; thence, S. 81 53153" E. , 6. 00 feet; thence, S. 08 06107" W. , 32 . 00 feet; thence, S . 81 53 ' 53" E. , 55. 50 feet; thence, N. 08 06107" E. , 6. 00 feet; thence, S. 81 53153" E. , 24. 75 feet; thence, N. 08 06 ' 07" E. , 10 . 00 feet; thence, S. 81 53153" E. , 29. 25 feet; thence, S. 08 06 ' 07" W. , 102. 00 feet; thence, N. 81 53 ' 53" W. , 29. 25 feet; thence,
N. 08 06107" E. , 10. 00 feet; thence, N. 81 53 ' 53" W. , 24. 75 feet; thence, N. 08 06107" E. , 6 . 00 feet; thence,
N. 81 53 ' 53" W. , 102. 50 feet to the point of beginning.

Containing an area of 14, 020 square feet ( 0 . 32 acre) more or less.

Together with an access and utility easement described as follows :

BEGINNING at the above- described Point A; thence,
N. 81 53153" W. , 268. 31 feet; thence, N. 08 06107" E. , 39 . 00 feet; thence, S. 81 53 ' 53" E. , 109 . 94 feet; thence, S. 08 06 ' 07" W. , 6. 00 feet; thence, S. 81 53153" E. , 24. 75 feet; thence, S . 08 06107" W. , 10 . 00 feet; thence,
S. 81 53153" E. , 29. 25 feet; thence, N. 08 06107" E. , 102 . 00 feet; thence, N. 81 53153" W. , 29. 25 feet; thence,
S. 08 06 ' 07" W. , 10 . 00 feet; thence, N. 81 53 ' 53" W. , 24 . 75 feet; thence, S. 08 06107" W. , 6. 00 feet; thence,
N. 81 53 ' 53" W. , 55. 50 feet; thence, N. 08 06107" E. , 32 . 00 feet; thence, N. 81 53153" W. , 6 . 00 feet; thence,

Page 412 of 908 ends

F°- 095274
N. 08 06100" E. , 8 . 00 feet; thence, N. 81 53153" W. , 41. 00 feet; thence, N. 08 06107" E. , 7 . 93 feet; thence,
S. 81 53153" E. , 260 . 86 feet to said westerly line of Santa Rita Road; thence, along said line S . 08 06 ' 07" W. , 156 . 93 feet to the point of beginning.

Containing an area of 27, 209 square feet ( 0 . 62 acre) more or less.

Subject to the terms and conditions set forth in the " Agreement to Convey Amador Theater to City Including Terms and Conditions Regulating Management and Use" , attached hereto as Exhibit B.

RV/ AVT2

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EXHIBIT B - AMADOR THEATER EQUIPMENT LIST

1. PRIOR TO SEPTEMBER 1, 2024
Items the City will remove prior to September 1, 2024
Entire shop area and office area
Dumpster rental
Dressing room
Chairs— 6 red padded chairs in lobby, black folding chairs in Shop, all office chairs Box office— all supplies, including ticket printer and computer Janitorial supplies
Booster seats
4x8 Platforms
Change/ Remove all locks on all doors. 30- 40 in total - Upon removal, PUSD will need to have a locksmith ready to install new cylinders on all locks Items the City would leave in the space:

Speakers ( hanging)
Soundboard
Lightboard
Lights that are installed
Grand Piano and downstairs piano
Sound shells
Music stands
Choral risers
Chairs— all theater seats including the red handicap seats, all grey stacking chairs on stage
Tables
Projector/ Screen/ Roland HDMI video switcher
Microphones - ( 2/ SM58, 2/ SM57, 2/ Boom Stands, 2/ Straight Stands) Wireless Mics— 2 Shure
Floor mics— 4
Stage monitors - 4

2. BEFORE DEMOLITION
Items City will remove
Hire someone to move the piano in the pit
All 3 sets of the front doors
Speakers ( hanging)
Soundboard
Lightboard
Lights that are installed ( TBD)
Projector/ Screen/ Roland HDMI video switcher
Microphones - 3 w/ 3 stands & 3 50 ft cables ( 2/ SM58, 2/ SM57, 2/ Boom Stands, 2/ Straight Stands)
Wireless Mics— 2 Shure

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Item #16

CITY COUNCIL AGENDA REPORT
May 19, 2026
Finance
TITLE: ADOPT A RESOLUTION ACCEPTING THE FISCAL YEAR 2026/27 MID-TERM

UPDATE FOR OPERATING AND CAPITAL BUDGET, AND APPROVE A

REVISED FIVE-YEAR WATER CAPITAL IMPROVEMENT PROGRAM

SUMMARY
This report presents the Mid-Term Budget Update recommending adjustments to the fiscal year (FY) 2026/27 Operating and Capital Budget, as adopted by the City Council on June 17, 2025. The recommended adjustments span the General Fund, Enterprise Funds, Internal Service Funds, Special Revenue Funds, and Capital Projects Funds, including a revised fiveyear Water Capital Improvement Program. The recommended adjustments are based on the latest financial projection, including updated tax and fee analyses and revised expenditure needs identified since budget adoption. These adjustments reflect the City's ongoing commitment to proactive fiscal stewardship and the continued delivery of quality services to the community.

At the time of this report’s preparation, the U.S. economic outlook is clouded by a high degree of uncertainty, largely driven by the unpredictable duration and scale of the Middle East conflict. Elevated gas prices and persistent inflation are squeezing household budgets, while a softening labor market and rising recession risk are undermining business and consumer confidence. The pace and direction of the U.S. economy will ultimately hinge on how the conflict unfolds — the longer and more severe it proves to be, the greater the risk of broader and more lasting economic damage.

The following key assumptions are reflected in the General Fund as part of the FY 2026/27 Mid-Term Budget Update:
• Revenues. Economic uncertainty is weighing on the City's two largest revenue sources.

Sales tax is projected to fall below the adopted budget levels, and property tax revenues are expected to be lower due to resolved assessment appeals anticipated to be enrolled in the FY 2026/27 tax roll and slower growth in the two preceding years. These decreases are partially offset by higher business license tax, development fees, recreation fees, and other revenues; however, the net effect is an overall reduction in General Fund revenues.
• Expenditures. Overall expenditures are projected to be higher than the adopted budget, driven by increased costs across categories such as vehicle and building maintenance, professional services, and an additional contribution to the Fire Apparatus Fund for the replacement of an aging fire engine. These increases are partially offset by lower general liability insurance premiums and claims costs, as well as reduced personnel costs attributable to a higher vacancy factor. • Overview. The General Fund structural deficit persists in the out years. To ensure continued service delivery, the budget is balanced with the one-time use of various

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reserves, including the Capital Reserve, Strategic Plan Implementation Reserve, Pension Trust Funds, and Retiree Medical Trust Funds. The FY 2026/27 Mid-Term Budget continues to reflect the City Council’s priorities of protecting core services, investing in community infrastructure, and advancing economic development initiatives that serve the long-term interests of the City and its residents.

For the Capital Budget, the net adjustments represent a decrease of $1.89 million in expenditures, mainly due to changes to the Sewer, Water, and Transportation and Streets categories to properly reflect updated cost estimates, funding availability, and project delivery timing.

RECOMMENDATION
Adopt a resolution accepting the Fiscal Year 2026/27 Mid-Term Update for Operating and Capital Budget, and approve a revised five-year Water Capital Improvement Program.

BACKGROUND
The City follows a three-step operating budget process that begins with the approval of a twoyear budget (Budget), with adoption of a Mid-Term Budget after the first year of the Budget, and adoption of Mid-Year Budget adjustments at the midpoint of each Budget year. For the Mid-Term Budget process, staff conducts a thorough review of recent years' actual expenditures and revenues, as well as current fiscal year actuals, to project estimated budget needs for the coming fiscal year. Additionally, staff routinely monitors various local and regional economic indicators and works with consultants to review and update estimates for the City’s major revenue sources, ensuring that budget estimates reflect the most current and reliable financial information available.

Certain program areas, including vehicle replacement, do not have sufficient funds and could not be adequately addressed in this Mid-Term Budget due to competing priorities. The anticipated costs for these programs are outlined below. Funding sources must be identified in the near term to ensure core City operations are not impacted.

The FY 2026/27 Mid-Term Budget continues to prioritize essential city services, including public safety, water, sewer, waste management, road maintenance, and traffic management, while committing funding to programs that maintain the quality of life for Pleasanton residents, including library, youth, and senior services. The budget also reflects the City Council's commitment to economic vitality and growth, with adjustments allocating funds to advance City Council priority projects identified in the recent City Council workshop, including developing a Fiber Master Plan and updating the Downtown Specific Plan.

DISCUSSION
General Fund Overview
When the FY 2026/27 budget was adopted in June 2025, the balancing of the General Fund included using $5.20 million in one-time resources, consisting of $2.00 million from Capital Reserve, $2.00 million from Pension Trust Funds, and $1.20 million from Retiree Medical Trust Funds, all of which were directed toward sustaining core services and programs. Based on the updated analysis, staff recommends increasing the draw on Capital Reserve by $0.50 million to

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$2.50 million and also utilizing $0.30 million from the Strategic Plan Implementation Reserve, bringing the total one-time funding used to balance the General Fund in the Mid-Term Budget to $6.00 million. It should be emphasized that using one-time resources to fund ongoing operating needs is only a temporary solution and is not sustainable.

As shown in Table 1 below, recommended adjustments consist of decreasing revenues by $0.40 million and increasing expenditures by $0.17 million. It should be noted that the increase to the expenditure budget was initially greater than $1.40 million but was offset by adjustments resulting from an increase in the staff vacancy factor assumption from 2.0 to 3.0 percent. To close the resulting deficit based on adjustments to revenues and expenditures, staff recommends utilizing an additional $0.50 million from the Capital Reserve Fund and using $0.30 million from the Strategic Plan Implementation Reserve. With the recommended adjustments, the fund balance for the Capital Reserve Fund is projected to be at $2.62 million at the end of FY 2026/27.

Table 1. General Fund Overview
General Fund Overview by Category
General Fund Revenues
As presented in Table 2 below, General Fund revenues are estimated to decrease by approximately $0.40 million based on revised projections from evaluating more current revenue trends and economic data, as well as year-to-date actual revenues. A decrease to the City’s two largest revenues, Property Tax and Sales Tax, is the primary reason for the overall net decrease.

Highlighted major revenue adjustments include:
• A decrease of $1.87 million in Property Tax based on updated projections from the City’s consultant. Persistent high mortgage rates and reduced sales activities due to low inventory levels remain a concern, along with an increasing number of reassessments resulting in reduced assessed valuation. Given the overall housing shortage in the Tri-Valley along with high demand, it is anticipated that the local housing market will not see any major correction.

Nevertheless, in the near-term, there are some signs of the local and regional housing market cooling down, as evidenced by a slower or no growth in secured tax numbers based on the latest data reported by the Alameda County Assessor’s Office. Property Tax is the City’s largest revenue source.
• A decrease of $0.89 million in Sales Tax due to slowing consumer spending in select spending categories, based on the most recent projection from the City’s consultant. Sales Tax is the City’s second largest revenue source.
• An increase of $0.55 million in Business License Tax due to a projected increase in gross receipts. The adopted budget estimate is conservative compared to the final FY 2024/25 actual and the projected total for the current fiscal year, both of which hit $6.70 million.

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• An increase of $0.62 million in Development Services Fee revenues, based on known development activities for the next fiscal year. This increase is considered one-time revenue. • An increase of $0.49 million in Recreation Fee revenues, largely based on increasing demand for facility rentals but also for various community programs and classes.
• An increase of $0.70 million in Other Revenues, mostly based on reimbursements and interfund overhead charges associated with new positions added to enterprise programs in the adopted budget, which are expected to be filled in FY 2026/27.

Table 2. General Fund Overview by Category
General Fund Expenditures
General Fund expenditures are projected to increase by approximately $0.17 million. The major adjustments to existing budget items include increases to: the professional services budget based on anticipated development activities; the City’s fleet repair and maintenance and utility budget categories, including electricity, water, and recycled water; and funding for Alameda County Animal Services. New budget requests include funding to advance the City Council's priority projects, including the development of the Fiber Master Plan and updates to the Downtown Specific Plan, as well as funding for the implementation of new budget development software. These increases are offset by reductions to the general liability and legal claim budget based on updated insurance premium information, along with a change in the vacancy savings assumption from 2.0 to 3.0 percent.

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Personnel Budget
A decrease of approximately $0.74 million is mainly due to a change in the vacancy savings assumption from 2.0 to 3.0 percent based on analysis of the personnel budget versus actuals in recent years. As shown in Table 3 below, staff recommends adding two 0.5 full-time equivalent (FTE) Senior Accountant positions, reclassifying two Information Technology Coordinator II positions, and a series of minor position budget reallocations within Public Works and Library & Recreation to more accurately reflect the work duties split between the General Fund and nonGeneral Funds. These actions will increase the personnel budget in the General Fund by $0.28 million; however, 50.0 percent of the costs ($0.11 million) for the two Senior Accountant positions ($0.23 million) will be covered by reimbursements from the City of Livermore in FY 2026/27.

Starting in FY 2027/28, 100.0 percent of these two positions will be covered through reimbursements as all finance responsibilities related to the Livermore-Pleasanton Fire Department fully transition from Livermore to Pleasanton.

Table 3. General Fund Position Change Summary
Non-personnel Budget
The non-personnel expenses identified in Table 2 above (all expense categories other than Personnel) are projected to increase by a net total of $0.91 million as described in more detail below.
• Transportation and Training – A net increase of approximately $0.32 million, mostly due to additional vehicle repair and maintenance costs needed to keep the City’s aging fleet operating; travel and training budget for Police and Public Works for necessary professional development and training; and additional fuel costs due to rising gasoline prices. • Repairs and Maintenance – A net increase of approximately $0.15 million based on additional funding for facilities repair and maintenance and an adjustment to the General Fund’s contribution to the Vehicle Replacement Internal Service Fund due to reallocation of the City’s paratransit program vehicle replacement budget. • Materials and Supplies – A net increase of approximately $0.40 million based on a series of adjustments. Major adjustments include professional services funding for land development permit/inspection related costs ($0.30 million), the Downtown Specific Plan updates ($0.15

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million), and Fiber Master Plan ($0.15 million); funding for Alameda County election costs ($0.18 million); funding for new budget software ($0.18 million, where $0.10 million is onetime); additional utility costs due to a combination of rate increases and more up-to-date projections based on year-to-date actual usage information ($0.14 million); and additional funding for Alameda County Animal Services-related costs ($0.16 million). These, along with a series of small adjustments, are offset with various decreases, with the largest adjustment to the general liability and legal claims budget, a decrease of $1.26 million. • Capital Outlay and Debt Services – A net increase of $0.05 million based on reallocation to the Library & Recreation budget to purchase a new library projector and automated material handling equipment. The increase is offset by decreases in other expenditure categories.

General Fund Reserves and Fund Balance
Projected total General Fund reserves at the end of FY 2026/27 are $56.93 million, with the unrestricted General Fund reserve at $35.04 million. The City’s current reserve policy requires a minimum reserve between 16.7 and 25.0 percent of annual operating expenses, with a target of

20.0 percent. The unrestricted General Fund reserve of $35.04 million equals 21.8 percent of the Mid-Term General Fund operating expenses.

Table 4. General Fund Reserves
Anticipated Funding Needs
It is important to note that the citywide operating budget presented to and adopted by the City Council each fiscal year does not address all of the City’s operating needs. Due to resource and revenue constraints, many of the necessary funding needs are excluded, and this mid-term budget is no exception. Below are several major, near-term one-time funding needs that will need to be addressed and will affect the General Fund. Staff will present suitable funding recommendations for the City Council’s consideration during FY 2026/27.

Fire Vehicle Replacement
As identified in the City’s Asset Management Plan, approximately one-third of the fire vehicles and equipment are in poor condition, and just over ten percent are in fair condition. The City’s fire engines and trucks are due for replacement. The typical service life of fire apparatus is generally 10 to 12 years, with a 10-year replacement cycle commonly used for planning purposes. However, actual replacement timelines are often extended due to operational needs, funding availability, and the time it takes to receive ordered vehicles. As fleets age, repair and maintenance costs also increase. In recent years, the City’s annual vehicle repair and maintenance costs have increased significantly, with public safety vehicles accounting for a significant share.

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Post-COVID, the cost of fire apparatus has increased substantially, along with delivery wait time, which is now approximately 4 to 5 years. In FY 2024/25 and FY 2023/24, the City placed orders for a fire engine and an air and light truck totaling $2.60 million, using reserves and bank loans. The FY 2026/27 Mid-Term Budget includes appropriating $1.60 million in the Fire Apparatus Replacement Fund for the purchase of another fire engine and increasing the General Fund’s contribution to this Fund by $0.50 million. With these adjustments, at the end of FY 2026/27, the Fire Apparatus Replacement Fund is projected to have a fund balance of approximately $0.9 million. Should an emergency acquisition become necessary due to irreparable damage, the City will need to identify additional funding resources, including $0.50 million Emergency Reserve maintained in the General Fund. FY 2026/27 replacement for police vehicles is expected to be funded from the Police Vehicle and Equipment Replacement Fund.

The City needs to identify funding to replace two more fire engines and a ladder truck in the near term, totaling approximately $5.3 million. These apparatuses were placed in service in 2016 and 2018. With a 4- to 5-year wait time, the average life of these vehicles would be at least 14 to 15 years if orders were placed in FY 2026/27. However, due to resource constraints, the Mid-Term Budget could not include even partial funding for these three vehicles.

General Liability Insurance Assessment on Livermore-Pleasanton Fire Department (LPFD) LPFD was previously a member of the California Joint Powers Risk Management Authority (CJPRMA) for general liability insurance coverage. Due to increased costs, LPFD withdrew from CJPRMA and joined the Bay Cities Joint Powers Insurance Authority (BCJPIA) on July 1, 2025, to achieve savings. Even though LPFD has departed CJPRMA, former members remain responsible for any additional assessments tied to the years they participated in the pool.

To address CJPRMA’s negative equity position, current and past members will be charged additional cash assessments, with the estimated LPFD’s share totaling $1.28 million. Final approval of cash assessments by the CJPRMA Board is expected in the first half of FY 2026/27. Pleasanton and Livermore each will be responsible for $0.64 million of the assessment. CJPRMA is also discussing additional assessments on members to achieve a $22.50 million net equity target. This means LPFD’s share of the assessment may increase.

Once the CJPRMA Board makes its final decision, staff will research and present the necessary budget adjustments. No resources are currently available in the FY 2026/27 Mid-Term Budget to set aside for the City's portion of the assessment.

General Fund Ten-Year Financial Forecast
The General Fund long-term financial forecast projects the future financial outcome and serves as a fiscal management tool to guide policy and decision-making. It helps the City to assess its fiscal sustainability and develop practical strategies to identify resources to maintain essential community services. Staff presented the updated General Fund Ten-Year Financial Forecast to the City Council at the February 17 meeting. For that update, staff used the FY 2026/27 numbers from the adopted biennial budget.

For the latest update, FY 2026/27 numbers are based on the staff-recommended Mid-Term Updates presented in this report. The assumptions used to generate the forecast from FY 2027/28 to FY 2034/35 largely remain the same, with minimal adjustments. These changes include updating out-year numbers for the Property Tax and Sales Tax revenue categories based on the latest

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projection data from the City’s consultant; lowering the City’s general liability insurance costs using more up-to-date information from the BCJPIA and projected claims; and removing one-time revenue and expenditure budget items in the FY 2026/27 Mid-Term budget, such as $0.50 million development service related inspection and plan check revenues and $0.30 million expenditures for the Strategic Plan-directed downtown specific plan updates and fiber master plan. Higher property taxes than the projection presented in the mid-year update, together with lower general liability insurance costs, help improve the financial picture, as these numbers are significant and have a compounding impact on the forecast. The proposed salary and benefit updates in the Police Officer Association (POA) labor contract are not included because they have not yet been finalized; however, the forecast includes baseline annual adjustments for the POA group.

The City’s expenditures are expected to continue outpacing revenues in future forecast years, due to rising operating costs and revenue limitations. Based on the underlying assumptions, the baseline scenario forecast projects annual deficits ranging from $7.16 million to $8.31 million between FY 2027/28 and FY 2030/31. These annual deficit numbers decrease between FY 2031/32 and FY 2034/35, ranging from $4.44 million to $5.68 million. This decrease starting in FY 2031/32 is primarily due to an anticipated shift in the City staff’s pension profile with a higher percentage of employees belonging to the California Public Employees’ Pension Reform Act (PEPRA) plan each year, as well as a gradual decrease in the number of retirees under the classic plan. Please note that the forecast does not address the $44.00 million annual infrastructure funding gap identified in the Asset Management Plan. The updated baseline General Fund ten-year financial forecast is attached to the staff report.

Enterprise Funds
Water Operations and Maintenance Fund
As shown in Table 5 below, recommended changes to the Water Operations and Maintenance Fund include an increase in revenues of $7.44 million, an increase in net transfers of $0.94 million, and an increase in operating expenses of $4.46 million. The result of these adjustments is an increase in net income by $2.86 million and an estimated ending fund balance of $17.75 million, which equals 38.0 percent of the total FY 2026/27 operating budget. The City’s reserve policy requires reserves to stay between 30.0 and 40.0 percent, with a target of 35.0 percent. The City Council approved a two-year rate increase at the October 7, 2025 meeting. Adjustments to revenue reflect projected additional revenue from these rate increases, which went into effect on January 1, 2026.

Major expenditure adjustments to the Water operating budget include an increase in Zone 7 water purchase cost ($2.43 million); an adjustment to the overhead charges from the General Fund based on revised personnel budget allocations ($0.28 million); an increase in professional services budget ($1.08 million) to fund various initiatives and studies included in the Water Rate Study and Water System Master Plan, such as cross connection control plan, water loss program, water flow modeling, Supervisory Control and Data Acquisition (SCADA) preventative maintenance program, along with funding for legal fees and finance audits; and vehicle costs ($0.98 million) to purchase various trucks necessary for operation. A $0.94 million increase in transfers to the Water Capital Fund is also recommended, from $0.66 million to $1.60 million.

The City issued water revenue bonds in June 2024 to fund critical, near-term water infrastructure and capacity improvement projects. Additional debt issuance will be necessary to fund other capital

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needs to ensure the Water Utility infrastructure remains reliable and safe. Maintaining a strong financial position, both in terms of operations and reserve levels, will be critical for the City to retain its high bond rating and minimize borrowing costs.

Table 5. Water Operations and Maintenance Fund Overview Sewer Operations and Maintenance Fund
As shown in Table 6 below, recommended changes to the Sewer Operations and Maintenance Fund include increasing revenues and expenses by $1.14 million and $0.60 million, respectively, and decreasing net transfers by $1.00 million. The result of these adjustments is a net income of $0.07 million, and an estimated ending fund balance of $7.03 million, which equals 34.3 percent of FY 2026/27 operating budget. The City’s policy requires reserves equal to a minimum of 30.0 percent, a maximum of 40.0 percent and a target of 35.0 percent.

The Sewer Utility’s FY 2026/27 Mid-Term operating budget presented here no longer includes any capital contribution, with the removal of a $1.00 million transfer from the Sewer Operations and Maintenance Fund to the Sewer Capital Fund. Revenue adjustments reflect the expected rate increase from the Dublin San Ramon Services District (DSRSD) and current revenue trends.

Recommended adjustments to the expenditure budget include increasing sewer service costs from DSRSD ($0.72 million), offset by an overall $0.12 million reduction to all other expenditures.

It should be noted that this is an interim solution to ensure critical operating needs are met while preserving the reserve level until the rate study, which will determine an appropriate level of additional revenue needed to sustain operations and upkeep the infrastructure, is completed and adopted by the City Council. The initial rate study workshop with the City Council was held on April 21, 2026, and the next meeting is scheduled for June 2026. While staff intends to recommend rate adjustments effective January 1, 2027, with the rate study currently underway, no rate increaserelated budget adjustments are included at this time. Once the rate adjustments are adopted by the City Council, staff will present necessary budget amendments at a later date.

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Table 6. Sewer Operations and Maintenance Fund Overview Other Enterprise Funds
Below is a summary of the recommended adjustments to the City’s other Enterprise Fund operations. • (Cemetery Operating Fund) A decrease of revenue by $0.07 million due to the stoppage of casket plot sales starting in January 2026 and a decrease of expenditure by $0.05 million based on adjustments to the contract service and personnel budget.
• (Golf Operating Fund) An increase of revenue by $0.22 million based on the rate increase scheduled to go into effect starting on July 1, 2026, and an increase of $0.06 million based on personnel budget adjustments.
• (Paratransit Operating Fund) Adjustments include $0.49 million in revenues and $0.52 million in expenditures in the Paratransit Fund, along with a removal of the $0.05 million transfer from the General Fund.
• (Storm Drain Operating Fund) An increase of expenditure by $0.12 million based on personnel budget adjustments.

Repair and Replacement Funds
As shown in Table 7 below, there is an overall decrease in revenues by $1.25 million; an increase in expenditures by $1.38 million; and an increase in net transfer by $0.50 million across all of the City’s Repair & Replacement Internal Service Funds.

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Table 7. Repair and Replacement Fund Changes
Special Revenue Funds
Recommended changes to special revenue funds include increasing revenue estimates by $0.47 million and expenditure estimates by $0.93 million collectively. Changes include:
• An increase of expenditure by $0.19 million in the Community Access Television Fund to support TV30 facility relocation.
• A decrease of expenditure by $0.02 million in the Community Development Block Grant Fund based on grants awarded to local organizations, as well as minor personnel cost updates.
• An increase of expenditure by $0.02 million in the HOME Program Fund based on updated grant award totals.
• A decrease of expenditure by $0.01 million in the Lower Income Housing Fund based on updated grant award totals.

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• A decrease of expenditure by $0.02 million in the Measure D Fund based on personnel budget reallocation.
• An increase of revenue and expenditure by $0.35 million in the Miscellaneous Donations Fund based on donations from the Friends of the Library. • An increase of revenue and expenditure by $0.12 million in the Miscellaneous Operating Grants Fund based on a series of adjustments, including a removal of the English as a Second Language grant budget ($0.06 million) and adjustments to several State grants ($0.18 million) for the Police Department, including a selective traffic enforcement program grant, ballistic vest grant, and cannabis grant.
• An increase of expenditure by $0.03 million in the Urban Forestry Fund based on additional tree planting and travel & training budget.
• An increase of expenditure across multiple Opioid Settlement Funds (Funds 175, 176, 177, 178, and 179) to add a budget ($0.22 million) to fund one clinician in the Police Department’s Alternative Resource Unit, which provides mental health and homeless outreach programs to the community.
• An increase of expenditure by $0.06 million in the Pleasanton Garbage Service Rate Reserve Fund for added personnel costs.

For full details, please refer to the FY 2026/27 Mid-Term Budget Adjustment Summary table in the Operating Budget Tables section.

Capital Fund Overview
The FY 2026/27 Mid-Term Capital Budget continues to invest in infrastructure to support community services, with significant funding directed toward water, sewer, transportation, and street projects. The budget also allocates funds to address deferred maintenance and advance critical, time-sensitive capital needs, ensuring that Pleasanton's infrastructure remains reliable, safe, and capable of supporting high-quality service delivery for years to come.

The FY 2026/27 Mid-Term Capital Budget totals approximately $30.82 million, a decrease of $1.89 million from the adopted budget of approximately $32.71 million. All the projects are funded by revenues traditionally earmarked for the City’s Capital Improvement Program (CIP). CIP Table 1 below highlights all the proposed Mid-Term adjustments by project category. Additional details are included in the Adjustments by Project Category section below, as shown in CIP Tables 2, 3, and 4.

Please note that the adopted budget for these tables only reflects the budget for projects with adjustments.

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CIP Table 1: Mid-Term Adjustments by Project Category Overview Adjustments by Project Category
Sewer CIP
Staff recommends an increase of $1.15 million to the Sewer CIP Mid-Term Budget. This includes a decrease of approximately $0.83 million to postpone two projects and an increase of approximately $1.98 million to add three projects to support State-mandated inspections to replace aging infrastructure, to accommodate scope due to revised estimates, and to complete emergency repairs necessary to meet regulatory requirements.

CIP Table 2: FY 2027 Sewer CIP Projects Mid-Term Adjustments Transportation & Streets CIP

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Staff recommends a decrease of approximately $1.30 million to the Transportation & Streets CIP Budget. This decrease of $1.30 million is based on available resources in the street-related funds.

CIP Table 3: FY 2027 Transportation and Streets CIP Projects Mid-Term Adjustments Water CIP
Staff recommends a $1.74 million decrease to the Water CIP Budget. This includes a $11.38 million decrease to the City Groundwater Supply Project. The updated plan includes restoring the budget for this important project in outer years instead to better align with the revised Water CIP project schedule. An increase of approximately $9.64 million is programmed to several projects based on revised cost estimates resulting from scope changes and to accelerate spending for the Water Meter Replacement Project, which is experiencing failing infrastructure. These changes will also help to advance critical capital projects to meet regulatory requirements.

CIP Table 4: FY 2027 Water CIP Projects Mid-Term Adjustments Five-Year Water Capital Improvement Program (CIP)
The City’s Capital Improvement Program includes significant investments in water projects over the next five years, totaling more than $77.00 million. Some of these projects are expected to be funded through bond issuance. As such, staff has updated the 5-Year Water CIP, and the projected

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expenditures are presented in CIP Table 5 below. CIP Table 6 presents the 5-Year Water CIP resources/revenues by category. The information is intended to provide the City Council and the community with an overview of the planned capital investment for the City’s water program.

CIP Table 5: Five-Year Water CIP Project Expenditures
CIP Table 6: Five-Year Water CIP Resources
There were no adjustments in the Facilities, Miscellaneous, Parks, and Storm Drain project categories.

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CIP Revenue Adjustments by Source
As part of the Mid-Term Capital Budget update, staff recommends a decrease of $1.00 million in transfers to the Sewer Capital Fund from the Sewer Operating Fund and an increase of $1.00 million in transfers to the Water Capital Fund from the Water Operating Fund. These adjustments will ensure adequate reserves remain in the Sewer Operating Fund, and additional resources are available to fund water capital projects.

CIP Table 7: FY 2027 CIP Mid-Term Revenue by Source

EQUITY AND SUSTAINABILITY
Ensuring the City's long-term fiscal sustainability is essential to continuing to provide programs and services to serve all of Pleasanton's diverse communities.

OUTREACH
No outreach was conducted, as this item is a routine matter of City business.

STRATEGIC PLAN ALIGNMENT
Approval of this action advances the ONE Pleasanton strategic goal of Funding Our Future, reflecting the City's ongoing commitment to long-term fiscal sustainability.

FISCAL IMPACT
The Operating Budget update includes adjustments to several funds, including the General Fund, Enterprise Funds, Internal Service Funds, Special Revenue Funds, and Capital Projects Funds. Below is the summary of recommended mid-term adjustments to the FY 2026/27 Operating and Capital Budget:
• The FY 2026/27 General Fund revenue budget will decrease by $0.40 million; the General Fund expenditure budget will increase by $0.17 million. • All Other Operating Fund budgets for FY 2026/27 will increase revenues by $8.45 million and increase expenditures by $8.03 million.
• There is no change for the FY 2027 Capital revenue budget; the Capital project expenditure budget will decrease by $1.89 million.

For details, please refer to the attached FY 2026/27 Mid-Term Update Operating and Capital Budget report (Attachment 2).

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Prepared by: Submitted by: Approved by:

Chris Yi, Financial Services
Manager
Susan Hsieh, Director of
Finance
Susan Hsieh, Director of Finance Gerry Beaudin, City
Manager
Attachments:

1. Attachment 1 - Resolution adopting FY 2027 Mid-Term Budget Update

2. Attachment 2 - Resolution Exhibit A - FY 2027 Mid-Term Update Operating and Capital Budget

3. Attachment 3 - Resolution Exhibit B - Five-Year Water Capital Improvement Program

4. Attachment 4 - General Fund Ten-Year Financial Forecast Update

5. Attachment 5 - FY 2027 Mid-Term Budget Update Presentation

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ATTACHMENT 1
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, ACCEPTING THE FISCAL YEAR 2026/27 MID-TERM UPDATE FOR OPERATING

AND CAPITAL BUDGET AND APPROVING A REVISED FIVE-YEAR WATER

CAPITAL IMPROVEMENT PROGRAM
WHEREAS, the City adopted the FY 2025/26 – FY 2026/27 Two-Year Operating and Capital Budget, including the Five-Year Capital Improvement Program on June 17, 2025; and WHEREAS, it is fiscally prudent to review the Two-Year Operating and Capital Budget to refine revenue projections and expenditures; and
WHEREAS, at a public hearing on May 19, 2026, staff presented a report detailing the recommended Mid-Term Operating and Capital Budget adjustments for FY 2026/27, including a revised five-year water capital improvement program.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING:

SECTION 1: Adopts the Mid-Term Operating and Capital Budget adjustments for FY 2026/27, including a revised five-year water capital improvement program (Exhibit B), and FY 2026/27 Mid-Term Update Operating and Capital Budget (Exhibit A).

SECTION 2: Authorizes revenue, transfer and expenditure adjustments to the FY 2026/27 Adopted Operating and Capital Budget.

SECTION 3: Approve a revised five-year water capital improvement program for debt issuance purposes.

SECTION 4: This resolution shall become effective immediately upon its passage and adoption.

PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on May 19, 2026.

Ayes:

Noes:

Absent:

Abstain:

Jocelyn Kwong, City Clerk
APPROVED AS TO FORM:

Daniel G. Sodergren, City Attorney

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Page | 1
City of Pleasanton, CA
FY2026/27 Mid-Term Update
Operating & Capital Budget
1 EXHIBIT A

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Table of Contents

OPERATING BUDGET TABLES
FY 2026/27 Mid-Term Budget Adjustment Summary.................................................. 4 Estimated Changes in Fund Balances......................................................................... 5 Summary of Revenues and Expenditures - Citywide ................................................. 7 General Fund Operating Budget Summary - Revenues............................................. 8 General Fund Operating Budget Summary - Expenditures ....................................... 8 General Fund Transfer Summary................................................................................. 9 Personnel Allocation Adjustment Summary – Non-General Fund.......................... 10

CAPITAL BUDGET TABLES
CIP Fund Balance Summary - All Funds ................................................................... 12 CIP Budget Summary By Projects ............................................................................. 13 New Capital Project Sheets ........................................................................................ 18 2

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OPERATING BUDGET TABLES
FY 2026/27 Mid-Term Update
3

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FY 2026/27 Mid-Term Budget Adjustment Summary
4

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Estimated Changes in Fund Balances
5

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Estimated Changes in Fund Balances (Continued)
6

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Summary of Revenues and Expenditures – Citywide
7

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General Fund Operating Budget Summary – Revenues
General Fund Operating Budget Summary – Expenditures
8

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General Fund Transfer Summary
9

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Personnel Allocation Adjustment Summary – Non-General Fund 10

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CAPITAL BUDGET TABLES
FY 2026/27 Mid-Term Update
11

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CIP Fund Balance Summary - All Funds
12

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CIP Budget Summary By Projects
13

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CIP Budget Summary By Projects (Continued)
14

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CIP Budget Summary By Projects (Continued)
15

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CIP Budget Summary By Projects (Continued)
16

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CIP Budget Summary By Projects (Continued)
17

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New Capital Project (1 of 3)
18

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New Capital Project (2 of 3)
19

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New Capital Project (3 of 3)
20

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Exhibit B
Five-Year Water Utility Capital Improvement Program

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Attachment 4
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Actual Actual Actual Budget Budget Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Revenues
Property Taxes 86,075,776 90,241,390 92,605,525 96,546,900 99,575,000 102,970,500 106,801,000 110,784,700 114,917,000 119,352,800 123,959,800 128,744,600 133,714,100 Sales & Use Taxes 26,183,661 23,963,541 25,286,992 25,803,500 25,814,500 26,490,800 27,296,100 28,117,700 28,941,500 29,809,700 30,704,000 31,625,100 32,573,800 Business License Tax 5,853,515 5,802,541 6,706,963 6,500,000 6,695,000 6,895,900 7,102,800 7,315,900 7,535,400 7,761,500 7,994,300 8,234,100 8,481,100 Transient Occupancy Tax 5,004,019 5,259,180 5,337,470 5,471,300 5,580,700 5,692,300 5,806,100 5,922,200 6,040,600 6,161,400 6,284,600 6,410,300 6,538,500 Other Taxes 1,351,006 1,545,656 1,478,456 1,450,000 1,462,000 1,491,200 1,521,000 1,551,400 1,582,400 1,614,000 1,646,300 1,679,200 1,712,800 Franchise Taxes 3,284,092 3,440,134 3,534,124 3,491,400 3,545,800 3,634,400 3,725,300 3,818,400 3,913,900 4,011,700 4,112,000 4,214,800 4,320,200 Permits 3,592,588 3,872,848 4,985,810 3,872,000 3,309,550 3,408,800 3,511,100 3,616,400 3,724,900 3,836,600 3,951,700 4,070,300 4,192,400 Recreation Revenues 4,197,090 4,663,652 4,954,749 4,907,198 5,223,876 5,380,600 5,542,000 5,708,300 5,879,500 6,055,900 6,237,600 6,424,700 6,617,400 Other Revenue 17,202,970 12,961,296 28,771,964 12,444,464 14,160,176 14,280,300 14,653,100 15,035,900 15,429,100 15,832,900 16,247,600 16,673,600 17,111,200 Subtotal Revenues 152,744,716 151,750,238 173,662,053 160,486,762 165,366,602 170,244,800 175,958,500 181,870,900 187,964,300 194,436,500 201,137,900 208,076,700 215,261,500 Transfers-In 4,883,453 3,751,843 1,367,145 2,887,000 3,994,000 1,391,800 1,433,600 1,476,600 1,520,900 1,566,500 1,613,500 1,661,900 1,711,800 Use of Reserves* 2,300,000 349,150
Total Revenues $ 155,502,080 157,628,169 $ 175,029,198 $ 163,722,912 $ 171,660,602 $ 171,636,600 $ 177,392,100 $ 183,347,500 $ 189,485,200 $ 196,003,000 $ 202,751,400 $ 209,738,600 $ 216,973,300 $ Expenditures
PersonnelSalaries & Benefits (excluding Pension) 57,906,756 62,490,945 66,897,881 65,353,341 67,486,109 70,948,376 73,275,147 75,735,356 78,281,462 80,944,753 83,660,022 86,493,081 89,408,158 Pension (includes LPFD) 20,501,373 21,139,934 22,998,077 26,425,053 28,040,198 29,189,900 30,803,200 30,674,900 30,484,800 29,288,200 29,366,600 28,624,300 28,377,600 LPFD Salaries & Benefits (Pleasanton only) 15,702,552 18,280,053 19,452,555 19,128,997 19,850,609 20,743,900 21,677,400 22,652,900 23,672,300 24,737,600 25,850,800 27,014,100 28,229,700 Subtotal Personnel Costs 94,110,681 101,910,933 109,348,513 110,907,391 115,376,915 120,882,176 125,755,747 129,063,156 132,438,562 134,970,553 138,877,422 142,131,481 146,015,458 Non-Personnel CostsTransportation & Training 1,693,003 1,795,505 1,625,519 1,673,859 1,796,559 1,832,500 1,869,200 1,906,600 1,944,700 1,983,600 2,023,300 2,063,800 2,105,100 Repairs & Maintenance (Includes all R&R Funds 6,531,803 8,028,209 5,495,860 5,475,285 5,793,895 5,967,700 6,146,700 6,331,100 6,521,000 6,716,600 6,918,100 7,125,600 7,339,400 Materials, Supplies & Services 24,916,946 26,549,008 30,823,954 31,591,098 33,389,627 34,117,600 35,599,300 37,171,300 38,840,800 40,615,900 42,505,200 44,518,200 46,665,400 Capital Outlay 1,829,159 1,484,449 2,361,407 1,002,025 1,099,025 1,121,000 1,143,400 1,166,300 1,189,600 1,213,400 1,237,700 1,262,500 1,287,800 Leases & Others 482,932 1,056,866 13,717,017 365,000 365,000 372,300 379,700 387,300 395,000 402,900 411,000 419,200 427,600 Fire (Pleasanton only) 2,479,516 3,167,911 3,142,786 3,194,604 3,194,604 3,290,400 3,389,100 3,490,800 3,595,500 3,703,400 3,814,500 3,928,900 4,046,800 Subtotal Non-Personnel Costs 39,429,765 40,585,543 57,166,542 43,301,871 45,638,710 46,701,500 48,527,400 50,453,400 52,486,600 54,635,800 56,909,800 59,318,200 61,872,100 Operating Transfers 5,953,932 9,083,029 1,328,970 3,270,000 1,600,000 1,648,000 1,697,400 1,748,300 1,800,700 1,854,700 1,910,300 1,967,600 2,026,600 Capital Projects Transfers 7,905,144 2,277,255 5,871,578 1,000,000 3,250,000 3,500,000 3,750,000 4,000,000 4,250,000 4,500,000 4,750,000 5,000,000 5,250,000 Deferred Infrastructure - - - 5,221,000 5,541,000 6,060,000 5,976,000 5,892,000 5,805,000 5,717,000 5,627,000 6,000,000 6,250,000 Total Expenditures $ 153,856,759 147,399,522 $ 173,715,603 $ 163,700,262 $ 171,406,625 $ 178,791,676 $ 185,706,547 $ 191,156,856 $ 196,780,862 $ 201,678,053 $ 208,074,522 $ 214,417,281 $ 221,414,158 $ Annual Surplus / (Deficit)** 10,228,647 $ 1,645,321 $ 1,313,595 $ 22,650 $ 253,977 $ $ (8,314,447) (7,155,076) $ (7,809,356) $ (7,295,662) $ (5,675,053) $ (5,323,122) $ (4,678,681) $ (4,440,858) $ *Use of reserves from prior years are reflected in the actuals.**Available resources in FY 2022/23 were retained in the General Fund to meet the City's 20.0% reserve target. 16.7% is the minimum reserve recommended by the Government Finance Officers Association.Other Notes(1) The proposed salary and benefit updates in the Police Officer Association (POA) labor contract are not included because they have not yet been finalized; however, the forecast includes baseline annual adjustments for the POA group.(2) The forecast does not address the $44.00 million annual infrastructure funding gap identified in the Asset Management Plan.

City of Pleasanton
General Fund Ten-Year Financial Forecast
Summary Level - Baseline Scenari
o

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Pleasanton City CouncilMay 19, 2026

Pleasanton City Council
May 19, 2026