Trailing Month Trailing 3 Months Trailing 12 Months Year To Date Total Return Performance Periodic Periodic Periodic Periodic City of San Jacinto 0.05% (0.51%) 3.50% 2.74%
BofA ML 1-5 Year U.S. Treasury/Agency 0.34% (0.57%) 3.41% 2.65% Since Inception*
Trailing 3 Years Trailing 5 Years February 1, 2020
Total Return Performance Annualized Annualized Annualized City of San Jacinto 4.08% 1.53% 1.75%
BofA ML 1-5 Year U.S. Treasury/Agency 4.03% 1.46% 1.65% rr
*Original Total return since inception date: December 1, 2012. The BofA ML 1-5 Year U.S. Treasury/Agency benchmark established on February 1, 2020. Year to Date is Fiscal Year to Date.
Annualized total return performance presented for investment periods longer than one year. Return information obtained from Bloomberg.
City of San Jacinto Total Return May 1, 2026 to May 31, 2026
0.05%
(0.51%)
3.50%
2.74%
4.08%
1.53% 1.75%
0.34%
(0.57%)
3.41%
2.65%
4.03%
1.46% 1.65%
(1.00%)
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
Trailing Month Trailing 3 Months Trailing 12 Months Year To Date Trailing 3 Years Trailing 5 Years February 1, 2020 Yield
Total Return Performance vs. Benchmark
City of San Jacinto BofA ML 1-5 Year U.S. Treasury/Agency
Trailing Month Trailing 3 Months Trailing 12 Months Year to Date Total Return Performance Periodic Periodic Periodic Periodic City of San Jacinto 0.05% (0.51%) 3.50% 2.74%
Trailing 3 Years Trailing 5 Years Since Inception*
Total Return Performance Annualized Annualized Annualized City of San Jacinto 4.08% 1.53% 1.52%
*Total return since inception date: December 1, 2012. Year to Date is Fiscal Year to Date.
Annualized total return performance presented for investment periods longer than one year. Return information obtained from Bloomberg.
City of San Jacinto Total Return May 1, 2026 to May 31, 2026
0.05%
(0.51%)
3.50%
2.74%
4.08%
1.53% 1.52%
(6.00%)
(4.00%)
(2.00%)
0.00%
2.00%
4.00%
6.00%
Trailing Month Trailing 3 Months Trailing 12 Months Year to Date Trailing 3 Years Trailing 5 Years Since Inception* Yield
Total Return Performance
City of San Jacinto
Maturity Distribution
May 1, 2026
Beginning Balance
May 31, 2026
Ending Balance Portfolio Allocation
Distribution
Change
0-3 Months $ 116,879.91 $ 125,254.13 1.03% 0.07%
3-6 Months 80,904.42 242,306.46 1.99% 1.32%
6-9 Months 164,759.17 183,132.37 1.50% 0.15%
9-12 Months 603,934.38 309,583.03 2.54% -2.40%
1-2 Years 3,436,954.50 3,255,086.72 26.67% -1.42%
2-3 Years 3,102,628.35 3,188,458.87 26.13% 0.77%
3-4 Years 2,294,188.94 2,833,970.41 23.22% 4.47%
4-5 Years 2,434,369.25 2,065,858.82 16.93% -2.97%
5-6 Years - - 0.00% 0.00%
6 Years + - - 0.00% 0.00%
Total Portfolio $ 12,234,618.91 $ 12,203,650.81 100.00% City of San Jacinto Maturity Distribution Market Value Basis May 1, 2026 to May 31, 2026 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
0-3 M 3-6 M 6-9 M 9-12 M 1-2 Yr 2-3 Yr 3-4 Yr 4-5 Yr 5-6 Yr 6 Yr + Maturity Distribution Comparison
May 1, 2026 May 31, 2026
0-3 M
1.03%
3-6 M
1.99%
6-9 M
1.50%
9-12 M
2.54%
1-2 Yr
26.67%
2-3 Yr
26.13%
3-4 Yr
23.22%
4-5 Yr
16.93%
Maturity Distribution
Security Distribution 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years Total Portfolio Cash $ - $ - $ - $ - $ - $ - $ - $ - $ -
Money Market Funds 125,254 - - - - - - - 125,254
Certificates of Deposit - - - - - - - - -
Commercial Paper - - - - - - - - -
U.S. Treasury Notes - - - - 2,945,455 2,718,882 2,833,970 2,065,859 10,564,166 U.S. Agency Notes - - - - - - - - -
Federal Inst. (GSE)* - - - - - - - - -
Corporate Notes - 227,150 183,132 126,518 299,418 443,899 - - 1,280,119 Asset Backed (ABS) - - - - - - - - -
Municipal Bonds - 15,156 - 183,065 10,213 25,678 - - 234,112 Total $ 125,254 $ 242,306 $ 183,132 $ 309,583 $ 3,255,087 $ 3,188,459 $ 2,833,970 $ 2,065,859 $ 12,203,651 *Mortgage backed securities shown to effective maturity.
City of San Jacinto Maturity Distribution Market Value Basis as of May 31, 2026 $-
$5,000,000
0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years Maturity Distribution By Type Municipal Bonds
Asset Backed (ABS)
Corporate Notes
Federal Inst. (GSE)*
U.S. Agency Notes
U.S. Treasury Notes
Commercial Paper
Certificates of Deposit
Money Market Funds
Cash
S&P Rating Distribution
May 31, 2026
Ending Balance Portfolio Allocation
Short Term Rating Distribution
A-1+ $ - 0.00%
A-1 - 0.00%
A-2 - 0.00%
Total Short Term Ratings $ - 0.00%
Long Term Rating Distribution
AAA Rating $ 125,254.13 1.03%
AA Rating 11,275,600.76 92.40%
A Rating 802,795.92 6.58%
Below A - 0.00%
Not Rated - 0.00%
Total Long Term Rating $ 12,203,650.81 100.00%
Total Portfolio $ 12,203,650.81 100.00%
Moody's Rating Distribution
May 31, 2026
Ending Balance Portfolio Allocation
Short Term Rating Distribution
P-1 $ - 0.00%
P-2 - 0.00%
Total Short Term Ratings $ - 0.00%
Long Term Rating Distribution
Aaa Rating $ 125,254.13 1.03%
Aa Rating 11,191,790.71 91.71%
A Rating 886,605.97 7.27%
Below A - 0.00%
Not Rated - 0.00%
Total Long Term Rating $ 12,203,650.81 100.00%
Total Portfolio $ 12,203,650.81 100.00%
City of San Jacinto Rating Distribution Market Value Basis as of May 31, 2026 AAA Rating
1.03%
AA Rating
92.40%
A Rating
6.58%
Portfolio Allocation By Standard and Poors' Rating
Aaa Rating
1.03%
Aa Rating
91.71%
A Rating
7.27%
Portfolio Allocation By Moody's Rating
Security Distribution
May 1, 2026
Beginning Balance
Portfolio
Allocation
May 31, 2026
Ending Balance Book Yield
Portfolio
Allocation
Change in
Allocation
Permitted by
Policy* Compliant
Cash $ - 0.00% $ - 0.00% 0.00% 0.00% YES
LGIP - 0.00% - 0.00% 0.00% 0.00% YES
U.S. Treasury Notes 10,724,488.57 87.66% 10,564,166.12 3.95% 86.57% -1.09% NO U.S. Agency Notes - 0.00% - 0.00% 0.00% 0.00% YES
FNMA - 0.00% - 0.00% 0.00% 0.00% YES
FHLMC - 0.00% - 0.00% 0.00% 0.00% YES
FFCB - 0.00% - 0.00% 0.00% 0.00% YES
FHLB - 0.00% - 0.00% 0.00% 0.00% YES
Fed Instrumentality Subtotal $ - 0.00% $ - 0.00% 0.00% 0.00% YES Asset Backed Securities - 0.00% - 0.00% 0.00% 0.00% YES Commercial Paper - 0.00% - 0.00% 0.00% 0.00% YES
Corporate Notes 1,158,205.70 9.47% 1,280,118.83 4.34% 10.49% 1.02% NO Bankers Acceptances - 0.00% - 0.00% 0.00% 0.00% YES
Money Market Funds 116,879.91 0.96% 125,254.13 3.26% 1.03% 0.07% NO Municipal Bonds 235,044.73 1.92% 234,111.74 4.66% 1.92% 0.00% NO Intergovernmental Funds - 0.00% - 0.00% 0.00% 0.00% YES Certificates of Deposit - 0.00% - 0.00% 0.00% 0.00% YES Total Portfolio Market Value $ 12,234,618.91 100.00% $ 12,203,650.81 3.98% 100.00% *Permitted allocation based on aggregate assets as defined within the investment policy.
City of San Jacinto Market Value Basis Security Distribution May 1, 2026 to May 31, 2026 $-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
Cash
LGIP
UST
Agency
FNMA
FHLMC
FFCB
FHLB
ABS
CP
Corp
BA
MMF
Muni
Inter Gov
CD
Asset Balance By Security Type
(in millions)
May 1, 2026 May 31, 2026
UST
86.57%
Corp
10.49%
MMF
1.03%
Muni
1.92%
Ending Portfolio Allocation
Security Distribution
May 1, 2026
Beginning Balance
Portfolio
Allocation
May 31, 2026
Ending Balance Book Yield
Portfolio
Allocation
Change in
Allocation
Permitted by
Policy* Compliant
Cash $ - 0.00% $ - 0.00% 0.00% 0.00% YES
U.S. Treasury Notes 10,422,213.12 87.48% 10,308,191.62 3.95% 86.35% -1.13% NO U.S. Agency Notes - 0.00% - 0.00% 0.00% 0.00% YES
FNMA - 0.00% - 0.00% 0.00% 0.00% YES
FHLMC - 0.00% - 0.00% 0.00% 0.00% YES
FFCB - 0.00% - 0.00% 0.00% 0.00% YES
FHLB - 0.00% - 0.00% 0.00% 0.00% YES
Fed Instrumentality Subtotal $ - 0.00% $ - 0.00% 0.00% 0.00% YES Asset Backed Securities - 0.00% - 0.00% 0.00% 0.00% YES Commercial Paper - 0.00% - 0.00% 0.00% 0.00% YES
Corporate Notes 1,143,006.20 9.59% 1,272,954.20 4.34% 10.66% 1.07% NO Bankers Acceptances - 0.00% - 0.00% 0.00% 0.00% YES
Money Market Funds 116,879.91 0.98% 125,254.13 3.26% 1.05% 0.07% NO Municipal Bonds 231,830.55 1.95% 231,830.55 4.66% 1.94% 0.00% NO Intergovernmental Funds - 0.00% - 0.00% 0.00% 0.00% YES Certificates of Deposit - 0.00% - 0.00% 0.00% 0.00% YES Total Portfolio Historical Cost $ 11,913,929.78 100.00% $ 11,938,230.50 3.98% 100.00% *Permitted allocation based on aggregate assets as defined within the investment policy.
City of San Jacinto Historical Cost Basis Security Distribution May 1, 2026 to May 31, 2026 $-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
Cash
UST
Agency
FNMA
FHLMC
FFCB
FHLB
ABS
CP
Corp
BA
MMF
Muni
Inter Gov
CD
Asset Balance By Security Type
(in millions)
May 1, 2026 May 31, 2026
UST
86.35%
Corp
10.66%
MMF
1.05%
Muni
1.94%
Ending Portfolio Allocation
Policy
Section Description Compliance Requirement Compliant
Policy
Section Description Compliance Requirement Compliant
IX. 1,2 Municipal Bonds Rated A or better by 1 NRSRO, 5% issuer limitation, 30% total portfolio limit, 5-year maturity limit Compliant IX. 14
Pass-Through
Securities
Issuer debt rated at least A by 2 NRSRO's; Must be rated in the AA category by 2 NRSRO's; 20% total portfolio limit, 5-year maturity limit Compliant IX. 1 U.S. Treasury No limitations Compliant
IX. 2 Federal Agency No limitations Compliant
IX. 3
Bankers
Acceptances
Rated A1 or better and have long term debt rated A or better by 2 NRSRO's; Maturity ≤ to 180 days, 40% total portfolio limit, 5% issuer limit Compliant IX. 4
Federally Insured
Time Deposits
Limited to amounts covered under federal insurance; 20% total portfolio limit in combination with IX.5; 5-year maturity limit Compliant IX. 17.b Money Market Funds Registered with SEC under 1940 Act, have highest ranking by 2 NRSRO's; retained advisor registered (or exempt from registration) with 5-years experience investing in securities authorized by CA 53601 and at least $500 million of assets; 20% total portfolio limit
Compliant
IX. 5 Time Deposits
Fully collateralized per CA law, 20% limit when combined with IX.4; Issuer must have long-term debt rated A or higher and/or short-term debt rated A1 or higher by 2 NRSRO's, 5-year maturity limit
Compliant IX. 18 Supranationals
US dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by IBRD, IFC, or IADB; rated AA or higher by 1 NRSRO; 30% total portfolio limit; 10% issuer limit; 5-year maturity limit Compliant
IX. 6 CDARS 30% limit in combination of CD's (including CDARS); 5-year maturity limit Compliant X.A.1 Futures and Options Prohibited Compliant IX. 7 Negotiable CD's
Issuer must have long-term debt rated A or higher and/or short-term debt rated A1 or higher by 2 NRSRO's; Maturity ≤ to 5 years, 30% total portfolio limit, 5% issuer limit
Compliant X.A.2
Inverse Floaters,
Range Notes, and
Mortgage Derived
IO Strips
Prohibited Compliant
IX. 8
Collateralized
Bank Deposits
Collateralized with pleged securities per CA Government Code Section 53651
Compliant X.A.3
Potential Zero
Accrual Securities Prohibited Compliant
X.A.5
Purchasing
Securities on
Margin
Prohibited Compliant
X.A.6
Reverse Repos or
other leverage Prohibited Compliant
X.A.7
Foreign Currency
Securities
Prohibited Compliant
X.B.2
Single Issuer
Limitation
5% issuer limitation, except U.S. Government, its agencies & enterprises, Money Market Mutual Funds, Mutual Funds, LAIF, LGIP's, and Supranationals Compliant IX. 11
Local Agency
Investment Fund
70% total portfolio limit, up to the maximum permitted balance Compliant X.C.2 Callable Security
Limitation
20% of total portfolio (excluding Make Whole Call securities) Compliant IX. 12
Local Government
Investment Pools
Riveride County Investment Fund limited to 70% of the portfolio; JPA Pools limited to 50% of the portfolio Compliant X.C.3
Maximum Security
Maturity
Individual security maturities limited to 5-years or less Compliant IX. 13 Corporate Bonds
Corporations organized and operating in the U.S. or depository institutions licensed by the U.S. or any state and operating in the U.S.; Rated in the A category or better by 2 NRSRO's, 5-year maturity limit; 30% total portfolio limit, 5% issuer limit
Compliant X.C.4
Portfolio Duration
Limitation
Average portfolio duration will be managed to be approximatly equal to the Market Benchmark selected by the City (typically +/- 20 of benchmark duration)
Compliant
IX. 9
Repurchase
Agreements
Collateralized at 102% in accordance with policy; 1-year maturity limit, no % portfolio limit, collateral held by custodian bank; subject to master repurchase agreement substantially in SIFMA's form
Compliant
IX. 10 Commercial Paper
Issuer is organized and operating in the U.S. with assets of at least $500 million; Issuer short-term ratings of A1 or higher and long-term ratings of A or higher by 2 NRSRO's; Maturity ≤ 270 days; 25% total portfolio limit; 5% issuer limit
Compliant
City of San Jacinto Portfolio Compliance May 1, 2026 to May 31, 2026 IX. 17.e Mutual Funds
Invests in securities authorized by specified provisions in CA Government Code Section 53601; have highest ranking by 2 NRSRO's; retained advisor registered (or exempt from registration) with 5-years experience investing in securities authorized by CA 53601 and at least $500 million of assets; 10% per fund limit; 20% limit when combined with IX.17.b
Compliant
Additional Disclosure
This information is for the sole purposes of the client and is not intended to provide specific advice or recommendations. Please review the contents of this information carefully. Should you have any questions regarding the information presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us.
Public Trust Advisors, LLC (Public Trust) statements and reports are intended to detail our investment advisory activity as well as the activity of certain client accounts managed by Public Trust. The custodian bank maintains the control of assets and executes and settles all investment transactions. The custodian statement is the official record of security and cash holdings transactions. Public Trust recognizes that clients may use these reports to facilitate record keeping; therefore, it is recommended that the client reconcile this information with their custodian bank statement. Many custodians use a settlement date basis that may result in the need to reconcile due to a timing difference. The underlying market value, amortized cost, and accrued interest may differ between the custodian and this statement or report. This can be attributed to differences in calculation methodologies and pricing sources used.
Public Trust does not have the authority to withdraw funds from or deposit funds to the custodian. Our clients retain responsibility for their internal accounting policies, implementing and enforcing internal controls, and generating ledger entries or otherwise recording transactions. The total market value represents prices obtained from various sources; it may be impacted by the frequency at which prices are reported, and such prices are not guaranteed. Prices received from pricing vendors are generally based on current market quotes but when such quotes are not available, the pricing vendors use a variety of techniques to estimate value. These estimates, particularly for fixed-income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not reflect all the factors that affect the value of the security including liquidity risk. The prices provided are not firm bids or offers. Certain securities may reflect N/A or unavailable where the price for such security is generally not available from a pricing source. The market value of a security, including those priced at par value, may differ from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. The securities in this investment portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by Public Trust, the FDIC (except for certain non-negotiable certificates of deposit), or any government agency unless specifically stated otherwise.
Clients may be permitted to establish one or more unmanaged accounts for the purposes of client reporting. Clients may also be permitted to provide externally managed assets for the purposes of client reporting. Public Trust defines unmanaged accounts or assets as one where the investment direction remains the sole responsibility of the client rather than the Investment Manager.
Unmanaged accounts or external assets do not receive ongoing supervision and monitoring services. The Investment Manager does not make any investment recommendations and may not charge a fee for reporting on these accounts or assets. The primary purpose for this service is to include unmanaged accounts or assets owned by the client in the performance reports provided by the Investment Manager. The Investment Manager assumes no liability for the underlying performance of any unmanaged accounts or assets, and it is the client’s sole responsibility for the accuracy or correctness of any such performance.
Beginning and ending balances are based on market value plus accrued interest on a trade date basis. Statements and reports made available to the end user either from Public Trust or through the online reporting platform may present information and portfolio analytics using various optional methods including, but not limited to, historical cost, amortized cost, and market value. All information is assumed to be correct, but the accuracy has not been confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The data in this report is unaudited and is only applicable for the date denoted on the report. Market values may change day-to-day based on numerous circumstances such as trading volume, news released about the underlying issuer, issuer performance, etc. Underlying market values may be priced via numerous aspects as certain securities are short term in nature and not readily traded. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings.
Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.
The investment advisor providing these services is Public Trust Advisors, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940, as amended. Registration with the SEC does not imply a certain level of skill or training. Public Trust is required to maintain a written disclosure brochure of our background and business experience. If you would like to receive a copy of our current disclosure brochure, Privacy Policy, or Code of Ethics, or have any questions regarding your account please contact us.
Public Trust Advisors
717 17th Street, Suite 1850
Denver, CO 80202
Portfolio Holdings
Portfolio Income
Portfolio Transactions
Issuer Concentration
Security Concentration
Portfolio Activity Summary
City of San Jacinto Detail
Month End Report Trade Date copy
San Jacinto, City of (66779)Month End (M11 Y2026)05/01/2026 - 05/31/2026Dated: 06/02/2026Locked Down Holdings Report Trade Date (San Jacinto, City of (66779)) 1 Income Detail Report Trade Date (San Jacinto, City of (66779)) 7 Transactions Realized Gain Loss Report (San Jacinto, City of (66779)) 10Issuer Concentration with Yield GASB 40 Trade Date (San Jacinto, City of(66779)) 11 Security Type GASB 40 Trade Date (San Jacinto, City of (66779)) 17Portfolio Activity Summary (San Jacinto, City of (66779)) 23 Table of Contents
Dated: 06/02/2026
Description,
Identifier,
Security Type,
Coupon
Effective Maturity,Final Maturity,Callable,Next Call Date Original Cost,
Current Units,
Market Price
Trade Date,Settle Date
MoodysRating,S&P Rating,Fitch Rating
Book Value,
Book Value + Accrued
Accrued Balance,
Net Unrealized Gain/Loss
Market Value,
Market Value + Accrued
JOHN DEERE CAPITAL CORP
24422EXZ7
CORP
4.650
01/07/202801/07/2028N--- 114,965.50 115,000.00 100.7338 01/06/2025 01/09/2025 A1AA+ 114,980.81 117,119.81 2,139.00 863.04 115,843.85 117,982.85
PACCAR FINANCIAL CORP
69371RT63
CORP
4.550
03/03/202803/03/2028N--- 49,969.50 50,000.00 100.6825 02/20/2025 03/03/2025 A1A+NA 49,981.67 50,537.78 556.11 359.57 50,341.23 50,897.35
JOHN DEERE CAPITAL CORP
24422EXD6
CORP
5.150
09/08/202609/08/2026N--- 64,953.85 65,000.00 100.3525 09/05/2023 09/08/2023 A1AA+ 64,995.59 65,767.38 771.78 233.55 65,229.14 66,000.93
CATERPILLAR FINANCIAL SERVICES CORP
14913UBD1
CORP
3.950
11/14/202811/14/2028N--- 84,954.95 85,000.00 99.3743 11/10/2025 11/14/2025 A1AA+ 84,962.81 85,121.36 158.55 -494.65 84,468.16 84,626.71 AMAZON.COM INC
023135CS3
CORP
3.900
11/20/202811/20/2028Y10/20/2028
134,970.30135,000.00
99.3093
11/17/202511/20/2025
A1AAAA134,975.33 135,136.20 160.88 -907.81 134,067.52 134,228.40
TOYOTA MOTOR CREDIT CORP
89236TLD5
CORP
5.400
11/20/202611/20/2026N--- 128,762.50 125,000.00 100.6618 10/02/2024 10/03/2024 A1A+A+ 125,853.08 126,059.33 206.25 -25.83 125,827.26 126,033.51
PACCAR FINANCIAL CORP
69371RT55
CORP
4.500
11/25/202611/25/2026N--- 34,970.25 35,000.00 100.2566 11/18/2024 11/25/2024 A1A+NA 34,992.60 35,018.85 26.25 97.20 35,089.80 35,116.05
ELI LILLY AND CO
532457CJ5
CORP
4.500
01/09/202702/09/2027Y01/09/2027
179,904.60180,000.00
100.3402
02/07/202402/09/2024
Aa3AANA
179,976.94182,496.94
2,520.00
635.43
180,612.37183,132.37
ALPHABET INC
02079KBJ5
CORP
3.700
02/15/202902/15/2029Y01/15/2029
79,709.6080,000.00
98.6930
02/09/202602/13/2026
Aa2AA+NA
79,737.1680,625.16
888.00
-782.78
78,954.3879,842.38
AMAZON.COM INC
023135DC7
CORP
4.000
03/13/202903/13/2029Y02/13/2029
79,991.2080,000.00
99.2830
03/10/202603/13/2026
A1AAAA79,991.81 80,685.14 693.33 -565.38 79,426.43 80,119.76
TOYOTA MOTOR CREDIT CORP
89236TPQ2
CORP
4.050
03/13/202903/13/2029N--- 64,976.60 65,000.00 99.2489 03/10/2026 03/13/2026 A1A+A+ 64,978.21 65,548.59 570.38 -466.43 64,511.78 65,082.16
PACCAR FINANCIAL CORP
69371RT22
CORP
5.000
05/13/202705/13/2027N--- 44,965.35 45,000.00 100.9704 05/06/2024 05/13/2024 A1A+NA 44,988.49 45,100.99 112.50 448.21 45,436.70 45,549.20
CATERPILLAR FINANCIAL SERVICES CORP
14913UAL4
CORP
5.000
05/14/202705/14/2027N--- 79,912.00 80,000.00 100.9752 05/07/2024 05/14/2024 A1AA+ 79,970.68 80,159.57 188.89 809.50 80,780.18 80,969.07
MERCK & CO INC
58933YCE3
CORP
4.300
05/22/202805/22/2028N--- 129,948.00 130,000.00 100.3064 05/18/2026 05/22/2026 Aa3 A+NA 129,948.68 130,088.43 139.75 449.67 130,398.36 130,538.11 FIRST AMER:GVT OBLG Y
31846V203
MMFUND
3.260
05/31/202605/31/2026N--- 125,254.13 125,254.13 1.0000 --- --- Aaa AAAm AAA 125,254.13 125,254.13 0.00 0.00 125,254.13 125,254.13
HAWAII ST
419792M37
MUNI
5.000
10/01/202810/01/2028N--- 25,510.25 25,000.00 101.8769 12/07/2023 12/19/2023 Aa2 AA+ AA 25,261.53 25,469.87 208.33 207.69 25,469.22 25,677.56 Holdings Report Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 1 Description,
Identifier,
Security Type,
Coupon
Effective Maturity,Final Maturity,Callable,Next Call Date Original Cost,
Current Units,
Market Price
Trade Date,Settle Date
MoodysRating,S&P Rating,Fitch Rating
Book Value,
Book Value + Accrued
Accrued Balance,
Net Unrealized Gain/Loss
Market Value,
Market Value + Accrued
HAWAII ST
419792M29
MUNI
5.000
10/01/202710/01/2027N--- 10,168.30 10,000.00 101.3011 12/07/2023 12/19/2023 Aa2 AA+ AA 10,062.27 10,145.61 83.33 67.83 10,130.11 10,213.44
HAWAII ST
419792L95
MUNI
4.588
10/01/202610/01/2026N--- 15,000.00 15,000.00 100.2752 12/07/2023 12/19/2023 Aa2 AA+ AA 15,000.00 15,114.70 114.70 41.28 15,041.28 15,155.98
CALIFORNIA ST
13063D3N6
MUNI
4.846
03/01/202703/01/2027N--- 120,000.00 120,000.00 100.7136 03/09/2023 03/15/2023 Aa2 AA- AA 120,000.00 121,453.80 1,453.80 856.35 120,856.35 122,310.15
CONNECTICUT ST
20772KTJ8
MUNI
5.050
05/15/202705/15/2027N--- 61,152.00 60,000.00 101.0332 06/01/2023 06/22/2023 Aa2 AA- AA 60,299.85 60,434.52 134.67 320.10 60,619.95 60,754.62
UNITED STATES TREASURY
91282CEW7
US GOV
3.250
06/30/202706/30/2027N--- 136,181.25 135,000.00 99.3086 07/07/2022 07/08/2022 Aa1 AA+ AA+ 135,271.70 137,113.96 1,842.27 -1,205.10 134,066.60 135,908.87
UNITED STATES TREASURY
9128282R0
US GOV
2.250
08/15/202708/15/2027N--- 371,429.30 390,000.00 98.0410 08/29/2022 08/30/2022 Aa1 AA+ AA+ 385,202.87 387,772.35 2,569.48 -2,842.91 382,359.96 384,929.44
UNITED STATES TREASURY
91282CAL5
US GOV
0.375
09/30/202709/30/2027N--- 359,158.20 425,000.00 95.4199 11/28/2022 11/29/2022 Aa1 AA+ AA+ 405,646.44 405,916.42 269.98 -111.78 405,534.67 405,804.65
UNITED STATES TREASURY
91282CFZ9
US GOV
3.875
11/30/202711/30/2027N--- 541,415.82 535,000.00 99.8594 01/26/2023 01/30/2023 Aa1 AA+ AA+ 537,114.15 537,170.79 56.64 -2,866.50 534,247.66 534,304.30
UNITED STATES TREASURY
91282CBB6
US GOV
0.625
12/31/202712/31/2027N--- 312,635.55 370,000.00 94.8965 03/09/2023 03/13/2023 Aa1 AA+ AA+ 349,844.89 350,815.89 970.99 1,272.10 351,116.99 352,087.99
UNITED STATES TREASURY
91282CBS9
US GOV
1.250
03/31/202803/31/2028N--- 223,007.81 250,000.00 95.1895 05/01/2023 05/03/2023 Aa1 AA+ AA+ 239,374.80 239,904.17 529.37 -1,401.17 237,973.63 238,503.00
UNITED STATES TREASURY
91282CFM8
US GOV
4.125
09/30/202709/30/2027N--- 179,690.63 180,000.00 100.2305 06/22/2023 06/26/2023 Aa1 AA+ AA+ 179,900.77 181,158.55 1,257.79 514.08 180,414.84 181,672.63
UNITED STATES TREASURY
91282CCE9
US GOV
1.250
05/31/202805/31/2028N--- 65,619.14 75,000.00 94.7598 06/22/2023 06/26/2023 Aa1 AA+ AA+ 70,972.98 70,975.54 2.56 96.85 71,069.82 71,072.39
UNITED STATES TREASURY
91282CCE9
US GOV
1.250
05/31/202805/31/2028N--- 217,333.98 250,000.00 94.7598 08/02/2023 08/04/2023 Aa1 AA+ AA+ 235,659.98 235,668.52 8.54 1,239.43 236,899.41 236,907.95
UNITED STATES TREASURY
91282CHA2
US GOV
3.500
04/30/202804/30/2028N--- 140,259.18 145,000.00 99.0820 08/02/2023 08/04/2023 Aa1 AA+ AA+ 142,975.06 143,416.36 441.30 693.89 143,668.95 144,110.25
UNITED STATES TREASURY
91282CHK0
US GOV
4.000
06/30/202806/30/2028N--- 123,330.08 125,000.00 99.9844 08/29/2023 08/30/2023 Aa1 AA+ AA+ 124,242.05 126,341.49 2,099.45 738.42 124,980.47 127,079.92
UNITED STATES TREASURY
91282CCH2
US GOV
1.250
06/30/202806/30/2028N--- 238,498.05 275,000.00 94.5508 08/29/2023 08/30/2023 Aa1 AA+ AA+ 258,372.63 259,816.00 1,443.37 1,642.02 260,014.65 261,458.02 Holdings Report Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 2 Description,
Identifier,
Security Type,
Coupon
Effective Maturity,Final Maturity,Callable,Next Call Date Original Cost,
Current Units,
Market Price
Trade Date,Settle Date
MoodysRating,S&P Rating,Fitch Rating
Book Value,
Book Value + Accrued
Accrued Balance,
Net Unrealized Gain/Loss
Market Value,
Market Value + Accrued
UNITED STATES TREASURY
91282CCV1
US GOV
1.125
08/31/202808/31/2028N--- 125,929.69 150,000.00 93.8398 10/03/2023 10/05/2023 Aa1 AA+ AA+ 138,275.27 138,701.73 426.46 2,484.49 140,759.77 141,186.23
UNITED STATES TREASURY
91282CCV1
US GOV
1.125
08/31/202808/31/2028N--- 106,005.86 125,000.00 93.8398 11/02/2023 11/03/2023 Aa1 AA+ AA+ 115,630.27 115,985.65 355.38 1,669.54 117,299.80 117,655.19
UNITED STATES TREASURY
912810FF0
US GOV
5.250
11/15/202811/15/2028N--- 131,210.94 125,000.00 102.8555 12/06/2023 12/08/2023 Aa1 AA+ AA+ 128,244.93 128,548.09 303.16 324.41 128,569.34 128,872.49
UNITED STATES TREASURY
91282CCY5
US GOV
1.250
09/30/202809/30/2028N--- 100,494.73 115,000.00 93.8750 12/06/2023 12/08/2023 Aa1 AA+ AA+ 107,618.48 107,861.99 243.51 337.77 107,956.25 108,199.76
UNITED STATES TREASURY
91282CDP3
US GOV
1.375
12/31/202812/31/2028N--- 89,226.56 100,000.00 93.5352 02/01/2024 02/02/2024 Aa1 AA+ AA+ 94,090.62 94,667.97 577.35 -555.47 93,535.16 94,112.50
UNITED STATES TREASURY
91282CHK0
US GOV
4.000
06/30/202806/30/2028N--- 99,378.91 100,000.00 99.9844 03/07/2024 03/11/2024 Aa1 AA+ AA+ 99,688.72 101,368.28 1,679.56 295.65 99,984.38 101,663.93
UNITED STATES TREASURY
91282CDW8
US GOV
1.750
01/31/202901/31/2029N--- 103,028.32 115,000.00 94.2539 03/07/2024 03/11/2024 Aa1 AA+ AA+ 108,182.60 108,855.28 672.69 209.40 108,391.99 109,064.68
UNITED STATES TREASURY
91282CKD2
US GOV
4.250
02/28/202902/28/2029N--- 100,671.87 100,000.00 100.5234 03/07/2024 03/11/2024 Aa1 AA+ AA+ 100,388.59 101,462.63 1,074.05 134.85 100,523.44 101,597.49
UNITED STATES TREASURY
91282CDW8
US GOV
1.750
01/31/202901/31/2029N--- 155,374.02 175,000.00 94.2539 04/04/2024 04/05/2024 Aa1 AA+ AA+ 163,654.45 164,678.10 1,023.65 1,289.88 164,944.34 165,967.99
UNITED STATES TREASURY
91282CKD2
US GOV
4.250
02/28/202902/28/2029N--- 74,739.26 75,000.00 100.5234 04/04/2024 04/05/2024 Aa1 AA+ AA+ 74,848.81 75,654.34 805.54 543.77 75,392.58 76,198.11
UNITED STATES TREASURY
91282CEE7
US GOV
2.375
03/31/202903/31/2029N--- 144,012.50 160,000.00 95.5742 04/29/2024 04/30/2024 Aa1 AA+ AA+ 150,363.69 151,007.41 643.72 2,555.06 152,918.75 153,562.47
UNITED STATES TREASURY
91282CES6
US GOV
2.750
05/31/202905/31/2029N--- 116,333.01 125,000.00 96.3633 06/06/2024 06/07/2024 Aa1 AA+ AA+ 119,566.19 119,575.59 9.39 887.91 120,454.10 120,463.49
UNITED STATES TREASURY
91282CKG5
US GOV
4.125
03/31/202903/31/2029N--- 99,183.59 100,000.00 100.2031 06/06/2024 06/07/2024 Aa1 AA+ AA+ 99,503.14 100,201.92 698.77 699.98 100,203.13 100,901.90
UNITED STATES TREASURY
91282CES6
US GOV
2.750
05/31/202905/31/2029N--- 79,126.37 85,000.00 96.3633 07/03/2024 07/05/2024 Aa1 AA+ AA+ 81,266.33 81,272.72 6.39 642.46 81,908.79 81,915.18
UNITED STATES TREASURY
91282CKT7
US GOV
4.500
05/31/202905/31/2029N--- 205,632.81 200,000.00 101.2383 08/01/2024 08/02/2024 Aa1 AA+ AA+ 203,624.39 203,648.98 24.59 -1,147.82 202,476.56 202,501.15
UNITED STATES TREASURY
912828YB0
US GOV
1.625
08/15/202908/15/2029N--- 182,398.44 200,000.00 92.7891 09/04/2024 09/05/2024 Aa1 AA+ AA+ 188,235.30 189,186.96 951.66 -2,657.18 185,578.13 186,529.78 Holdings Report Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 3 Description,
Identifier,
Security Type,
Coupon
Effective Maturity,Final Maturity,Callable,Next Call Date Original Cost,
Current Units,
Market Price
Trade Date,Settle Date
MoodysRating,S&P Rating,Fitch Rating
Book Value,
Book Value + Accrued
Accrued Balance,
Net Unrealized Gain/Loss
Market Value,
Market Value + Accrued
UNITED STATES TREASURY
91282CKX8
US GOV
4.250
06/30/202906/30/2029N--- 128,540.04 125,000.00 100.5430 09/04/2024 09/05/2024 Aa1 AA+ AA+ 127,335.97 129,566.63 2,230.66 -1,657.26 125,678.71 127,909.37
UNITED STATES TREASURY
91282CFL0
US GOV
3.875
09/30/202909/30/2029N--- 168,067.58 170,000.00 99.3867 10/30/2024 10/31/2024 Aa1 AA+ AA+ 168,652.33 169,768.25 1,115.92 305.09 168,957.42 170,073.34
UNITED STATES TREASURY
912828YS3
US GOV
1.750
11/15/202911/15/2029N--- 107,718.75 120,000.00 92.6055 12/05/2024 12/06/2024 Aa1 AA+ AA+ 111,165.89 111,262.91 97.01 -39.33 111,126.56 111,223.57
UNITED STATES TREASURY
91282CLR0
US GOV
4.125
10/31/202910/31/2029N--- 185,267.38 185,000.00 100.1367 12/05/2024 12/06/2024 Aa1 AA+ AA+ 185,196.12 185,859.71 663.59 56.81 185,252.93 185,916.52
UNITED STATES TREASURY
91282CFT3
US GOV
4.000
10/31/202910/31/2029N--- 83,319.92 85,000.00 99.7578 01/08/2025 01/09/2025 Aa1 AA+ AA+ 83,774.44 84,070.10 295.65 1,019.70 84,794.14 85,089.79
UNITED STATES TREASURY
91282CMA6
US GOV
4.125
11/30/202911/30/2029N--- 198,343.75 200,000.00 100.1406 02/04/2025 02/05/2025 Aa1 AA+ AA+ 198,771.59 198,794.13 22.54 1,509.66 200,281.25 200,303.79
UNITED STATES TREASURY
91282CFY2
US GOV
3.875
11/30/202911/30/2029N--- 213,950.20 215,000.00 99.3281 03/04/2025 03/05/2025 Aa1 AA+ AA+ 214,214.34 214,237.10 22.76 -658.87 213,555.47 213,578.23
UNITED STATES TREASURY
912828Z94
US GOV
1.500
02/15/203002/15/2030N--- 106,635.94 120,000.00 91.1992 03/04/2025 03/05/2025 Aa1 AA+ AA+ 109,753.22 110,280.29 527.07 -314.16 109,439.06 109,966.13
UNITED STATES TREASURY
91282CMG3
US GOV
4.250
01/31/203001/31/2030N--- 227,794.92 225,000.00 100.5234 04/02/2025 04/03/2025 Aa1 AA+ AA+ 227,176.97 230,373.28 3,196.31 -999.24 226,177.73 229,374.04
UNITED STATES TREASURY
91282CMS7
US GOV
3.875
03/15/202803/15/2028N--- 120,642.19 120,000.00 99.8027 05/01/2025 05/05/2025 Aa1 AA+ AA+ 120,411.55 121,397.15 985.60 -648.27 119,763.28 120,748.88
UNITED STATES TREASURY
9128285M8
US GOV
3.125
11/15/202811/15/2028N--- 117,581.25 120,000.00 97.9023 05/01/2025 05/05/2025 Aa1 AA+ AA+ 118,285.25 118,458.49 173.23 -802.44 117,482.81 117,656.05
UNITED STATES TREASURY
91282CMU2
US GOV
4.000
03/31/203003/31/2030N--- 250,800.78 250,000.00 99.6641 06/04/2025 06/05/2025 Aa1 AA+ AA+ 250,657.34 252,351.33 1,693.99 -1,497.19 249,160.16 250,854.15
UNITED STATES TREASURY
912828ZQ6
US GOV
0.625
05/15/203005/15/2030N--- 127,910.16 150,000.00 87.4258 06/04/2025 06/05/2025 Aa1 AA+ AA+ 131,999.08 132,042.38 43.31 -860.40 131,138.67 131,181.98
UNITED STATES TREASURY
91282CNG2
US GOV
4.000
05/31/203005/31/2030N--- 236,670.70 235,000.00 99.6172 07/01/2025 07/02/2025 Aa1 AA+ AA+ 236,387.92 236,413.60 25.68 -2,287.53 234,100.39 234,126.07
UNITED STATES TREASURY
91282CNL1
US GOV
3.750
06/30/202706/30/2027N--- 64,763.87 65,000.00 99.8340 07/31/2025 08/01/2025 Aa1 AA+ AA+ 64,865.57 65,889.05 1,023.48 26.52 64,892.09 65,915.57
UNITED STATES TREASURY
91282CMZ1
US GOV
3.875
04/30/203004/30/2030N--- 149,625.00 150,000.00 99.1836 07/31/2025 08/01/2025 Aa1 AA+ AA+ 149,691.95 150,197.39 505.43 -916.56 148,775.39 149,280.83 Holdings Report Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 4 Description,
Identifier,
Security Type,
Coupon
Effective Maturity,Final Maturity,Callable,Next Call Date Original Cost,
Current Units,
Market Price
Trade Date,Settle Date
MoodysRating,S&P Rating,Fitch Rating
Book Value,
Book Value + Accrued
Accrued Balance,
Net Unrealized Gain/Loss
Market Value,
Market Value + Accrued
UNITED STATES TREASURY
91282CGZ8
US GOV
3.500
04/30/203004/30/2030N--- 178,509.38 180,000.00 97.8398 08/27/2025 08/28/2025 Aa1 AA+ AA+ 178,740.75 179,288.58 547.83 -2,629.03 176,111.72 176,659.54
UNITED STATES TREASURY
91282CAE1
US GOV
0.625
08/15/203008/15/2030N--- 154,975.78 180,000.00 86.6523 08/27/2025 08/28/2025 Aa1 AA+ AA+ 158,509.98 158,839.40 329.42 -2,535.76 155,974.22 156,303.64
UNITED STATES TREASURY
91282CNN7
US GOV
3.875
07/31/203007/31/2030N--- 126,005.86 125,000.00 99.1055 10/01/2025 10/02/2025 Aa1 AA+ AA+ 125,882.18 127,501.23 1,619.04 -2,000.35 123,881.84 125,500.88
UNITED STATES TREASURY
91282CNX5
US GOV
3.625
08/31/203008/31/2030N--- 273,968.75 275,000.00 98.0859 10/30/2025 10/31/2025 Aa1 AA+ AA+ 274,094.07 276,613.34 2,519.28 -4,357.74 269,736.33 272,255.60
UNITED STATES TREASURY
91282CJM4
US GOV
4.375
11/30/203011/30/2030N--- 180,516.60 175,000.00 101.0078 12/01/2025 12/02/2025 Aa1 AA+ AA+ 180,011.61 180,032.53 20.92 -3,247.94 176,763.67 176,784.59
UNITED STATES TREASURY
91282CAV3
US GOV
0.875
11/15/203011/15/2030N--- 153,042.97 175,000.00 86.9102 12/01/2025 12/02/2025 Aa1 AA+ AA+ 155,083.39 155,154.13 70.74 -2,990.62 152,092.77 152,163.51
UNITED STATES TREASURY
91282CAV3
US GOV
0.875
11/15/203011/15/2030N--- 174,968.75 200,000.00 86.9102 01/06/2026 01/07/2026 Aa1 AA+ AA+ 176,869.10 176,949.94 80.84 -3,048.79 173,820.31 173,901.15
UNITED STATES TREASURY
91282CJG7
US GOV
4.875
10/31/203010/31/2030N--- 209,031.25 200,000.00 102.9961 02/03/2026 02/04/2026 Aa1 AA+ AA+ 208,477.02 209,324.85 847.83 -2,484.84 205,992.19 206,840.01
UNITED STATES TREASURY
91282CPW5
US GOV
3.750
01/31/203101/31/2031N--- 301,382.81 300,000.00 98.3984 03/03/2026 03/04/2026 Aa1 AA+ AA+ 301,323.15 305,083.51 3,760.36 -6,127.84 295,195.31 298,955.67
UNITED STATES TREASURY
91282CNU1
US GOV
3.625
08/15/202808/15/2028N--- 149,361.33 150,000.00 99.1836 04/01/2026 04/02/2026 Aa1 AA+ AA+ 149,406.11 150,998.30 1,592.20 -630.71 148,775.39 150,367.59
UNITED STATES TREASURY
91282CBL4
US GOV
1.125
02/15/203102/15/2031N--- 166,695.31 190,000.00 87.3086 04/01/2026 04/02/2026 Aa1 AA+ AA+ 167,421.52 168,047.42 625.90 -1,535.19 165,886.33 166,512.23
UNITED STATES TREASURY
91282CGH8
US GOV
3.500
01/31/202801/31/2028N--- 377,892.19 380,000.00 99.2168 04/01/2026 04/02/2026 Aa1 AA+ AA+ 378,083.35 382,528.93 4,445.58 -1,059.53 377,023.83 381,469.41
UNITED STATES TREASURY
91282CKN0
US GOV
4.625
04/30/203104/30/2031N--- 102,667.97 100,000.00 102.1133 05/01/2026 05/04/2026 Aa1 AA+ AA+ 102,630.90 103,033.08 402.17 -517.62 102,113.28 102,515.46
UNITED STATES TREASURY
91282CLC3
US GOV
4.000
07/31/202907/31/2029N--- 100,234.37 100,000.00 99.8125 05/01/2026 05/04/2026 Aa1 AA+ AA+ 100,230.53 101,567.55 1,337.02 -418.03 99,812.50 101,149.52
UNITED STATES TREASURY
91282CNH0
US GOV
3.875
06/15/202806/15/2028N--- 350,000.00 350,000.00 99.7422 05/01/2026 05/04/2026 Aa1 AA+ AA+ 350,000.00 356,259.62 6,259.62 -902.34 349,097.66 355,357.27 ------------
01/12/202901/12/2029------
11,938,230.5012,445,254.13
---
------
Aa2AAAA+
12,169,074.9712,238,270.03
69,195.06
-34,619.22
12,134,455.7512,203,650.81
Holdings Report Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 5 * Filtered By: Description ≠ "Payable" and Description ≠ "Receivable". * Weighted by: Market Value + Accrued.
Holdings Report Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 6 Identifier,
Description
Final Maturity Ending Current Units Earned Interest
Income
Realized Gain,
Realized Loss
Accretion Income Amortization Expense Misc Income Net Earned Income Interest Payment Received,
Ending Interest Due
91282CKN0UNITED STATES TREASURY
04/30/2031 100,000.00 351.90 0.00
0.00 0.00 -37.07 0.00 314.84 0.00
0.00 91282CBL4UNITED STATES TREASURY
02/15/2031 190,000.00 183.05 0.00
0.00 375.21 0.00 0.00 558.25 0.00
0.00 91282CPW5UNITED STATES TREASURY
01/31/2031 300,000.00 963.40 0.00
0.00 0.00 -20.78 0.00 942.62 0.00
0.00 91282CJM4UNITED STATES TREASURY
11/30/2030 175,000.00 651.93 0.00
0.00 0.00 -86.52 0.00 565.41 0.00
3,828.13
91282CAV3UNITED STATES TREASURY
11/15/2030 175,000.00 129.96 0.00
0.00 349.55 0.00 0.00 479.51 765.63
0.00 91282CAV3UNITED STATES TREASURY
11/15/2030 200,000.00 148.52 0.00
0.00 405.98 0.00 0.00 554.51 875.00
0.00 91282CJG7UNITED STATES TREASURY
10/31/2030 200,000.00 821.33 0.00
0.00 0.00 -149.62 0.00 671.71 0.00
0.00 91282CNX5UNITED STATES TREASURY
08/31/2030 275,000.00 839.76 0.00
0.00 16.90 0.00 0.00 856.65 0.00
0.00 91282CAE1UNITED STATES TREASURY
08/15/2030 180,000.00 96.34 0.00
0.00 403.87 0.00 0.00 500.21 0.00
0.00 91282CNN7UNITED STATES TREASURY
07/31/2030 125,000.00 414.80 0.00
0.00 0.00 -16.74 0.00 398.06 0.00
0.00 91282CNG2UNITED STATES TREASURY
05/31/2030 235,000.00 800.41 0.00
0.00 0.00 -27.13 0.00 773.28 0.00
4,700.00
912828ZQ6UNITED STATES TREASURY
05/15/2030 150,000.00 79.57 0.00
0.00 357.14 0.00 0.00 436.70 468.75
0.00 91282CMZ1UNITED STATES TREASURY
04/30/2030 150,000.00 489.64 0.00
0.00 6.18 0.00 0.00 495.82 0.00
0.00 91282CGZ8UNITED STATES TREASURY
04/30/2030 180,000.00 530.71 0.00
0.00 25.37 0.00 0.00 556.08 0.00
0.00 91282CMU2UNITED STATES TREASURY
03/31/2030 250,000.00 846.99 0.00
0.00 0.00 -13.53 0.00 833.47 0.00
0.00 912828Z94UNITED STATES TREASURY
02/15/2030 120,000.00 154.14 0.00
0.00 219.44 0.00 0.00 373.58 0.00
0.00 91282CMG3UNITED STATES TREASURY
01/31/2030 225,000.00 818.89 0.00
0.00 0.00 -47.14 0.00 771.75 0.00
0.00 91282CMA6UNITED STATES TREASURY
11/30/2029 200,000.00 702.49 0.00
0.00 27.45 0.00 0.00 729.94 0.00
4,125.00
91282CFY2UNITED STATES TREASURY
11/30/2029 215,000.00 709.40 0.00
0.00 17.67 0.00 0.00 727.08 0.00
4,165.63
912828YS3UNITED STATES TREASURY
11/15/2029 120,000.00 178.23 0.00
0.00 202.22 0.00 0.00 380.44 1,050.00
0.00 91282CLR0UNITED STATES TREASURY
10/31/2029 185,000.00 642.85 0.00
0.00 0.00 -4.54 0.00 638.31 0.00
0.00 91282CFT3UNITED STATES TREASURY
10/31/2029 85,000.00 286.41 0.00
0.00 28.24 0.00 0.00 314.65 0.00
0.00 91282CFL0UNITED STATES TREASURY
09/30/2029 170,000.00 557.96 0.00
0.00 32.11 0.00 0.00 590.06 0.00
0.00 912828YB0UNITED STATES TREASURY
08/15/2029 200,000.00 278.31 0.00
0.00 296.23 0.00 0.00 574.54 0.00
0.00 91282CLC3UNITED STATES TREASURY
07/31/2029 100,000.00 309.40 0.00
0.00 0.00 -3.84 0.00 305.56 0.00
0.00 91282CKX8UNITED STATES TREASURY
06/30/2029 125,000.00 454.94 0.00
0.00 0.00 -61.08 0.00 393.86 0.00
0.00 91282CES6UNITED STATES TREASURY
05/31/2029 125,000.00 292.70 0.00
0.00 143.26 0.00 0.00 435.97 0.00
1,718.75
91282CES6UNITED STATES TREASURY
05/31/2029 85,000.00 199.04 0.00
0.00 98.41 0.00 0.00 297.45 0.00
1,168.75
91282CKT7UNITED STATES TREASURY
05/31/2029 200,000.00 766.35 0.00
0.00 0.00 -96.32 0.00 670.03 0.00
4,500.00
91282CEE7UNITED STATES TREASURY
03/31/2029 160,000.00 321.86 0.00
0.00 271.04 0.00 0.00 592.89 0.00
0.00 Income Detail Report Trade Date San Jacinto, City of (66779)05/01/2026 - 05/31/2026 Return to Table of Contents Dated: 06/02/2026 7 Identifier,
Description
Final Maturity Ending Current Units Earned Interest
Income
Realized Gain,
Realized Loss
Accretion Income Amortization Expense Misc Income Net Earned Income Interest Payment Received,
Ending Interest Due
91282CKG5UNITED STATES TREASURY
03/31/2029 100,000.00 349.39 0.00
0.00 14.04 0.00 0.00 363.43 0.00
0.00 023135DC7AMAZON.COM INC
03/13/2029 80,000.00 266.67 0.00
0.00 0.23 0.00 0.00 266.90 0.00
0.00 89236TPQ2TOYOTA MOTOR CREDIT CORP
03/13/2029 65,000.00 219.38 0.00
0.00 0.62 0.00 0.00 220.00 0.00
0.00 91282CKD2UNITED STATES TREASURY
02/28/2029 100,000.00 358.02 0.00
0.00 0.00 -11.27 0.00 346.75 0.00
0.00 91282CKD2UNITED STATES TREASURY
02/28/2029 75,000.00 268.51 0.00
0.00 4.37 0.00 0.00 272.88 0.00
0.00 02079KBJ5ALPHABET INC
02/15/2029 80,000.00 246.67 0.00
0.00 7.91 0.00 0.00 254.58 0.00
0.00 91282CDW8UNITED STATES TREASURY
01/31/2029 115,000.00 172.34 0.00
0.00 206.69 0.00 0.00 379.03 0.00
0.00 91282CDW8UNITED STATES TREASURY
01/31/2029 175,000.00 262.26 0.00
0.00 342.85 0.00 0.00 605.11 0.00
0.00 91282CDP3UNITED STATES TREASURY
12/31/2028 100,000.00 117.75 0.00
0.00 184.62 0.00 0.00 302.37 0.00
0.00 023135CS3AMAZON.COM INC
11/20/2028 135,000.00 438.75 0.00
0.00 0.81 0.00 0.00 439.56 2,632.50
0.00 912810FF0UNITED STATES TREASURY
11/15/2028 125,000.00 556.96 0.00
0.00 0.00 -106.62 0.00 450.33 3,281.25
0.00 9128285M8UNITED STATES TREASURY
11/15/2028 120,000.00 318.26 0.00
0.00 56.61 0.00 0.00 374.88 1,875.00
0.00 14913UBD1CATERPILLAR FINANCIAL SERVICES CORP
11/14/2028 85,000.00 279.79 0.00
0.00 1.23 0.00 0.00 281.02 1,678.75
0.00 419792M37HAWAII ST
10/01/2028 25,000.00 104.17 0.00
0.00 0.00 -9.05 0.00 95.12 0.00
0.00 91282CCY5UNITED STATES TREASURY
09/30/2028 115,000.00 121.76 0.00
0.00 256.54 0.00 0.00 378.30 0.00
0.00 91282CCV1UNITED STATES TREASURY
08/31/2028 150,000.00 142.15 0.00
0.00 416.52 0.00 0.00 558.68 0.00
0.00 91282CCV1UNITED STATES TREASURY
08/31/2028 125,000.00 118.46 0.00
0.00 333.45 0.00 0.00 451.91 0.00
0.00 91282CNU1UNITED STATES TREASURY
08/15/2028 150,000.00 465.64 0.00
0.00 23.13 0.00 0.00 488.78 0.00
0.00 91282CHK0UNITED STATES TREASURY
06/30/2028 125,000.00 428.18 0.00
0.00 29.64 0.00 0.00 457.81 0.00
0.00 91282CCH2UNITED STATES TREASURY
06/30/2028 275,000.00 294.37 0.00
0.00 650.03 0.00 0.00 944.40 0.00
0.00 91282CHK0UNITED STATES TREASURY
06/30/2028 100,000.00 342.54 0.00
0.00 12.19 0.00 0.00 354.73 0.00
0.00 91282CNH0UNITED STATES TREASURY
06/15/2028 350,000.00 1,043.27 0.00
0.00 0.00 0.00 0.00 1,043.27 0.00
0.00 91282CCE9UNITED STATES TREASURY
05/31/2028 75,000.00 79.83 0.00
0.00 163.30 0.00 0.00 243.13 0.00
468.75
91282CHE4UNITED STATES TREASURY
05/31/2028 0.00 217.60 0.00
-216.34
22.30 0.00 0.00 23.56 0.00
0.00 91282CCE9UNITED STATES TREASURY
05/31/2028 250,000.00 266.09 0.00
0.00 580.07 0.00 0.00 846.16 0.00
1,562.50
58933YCE3MERCK & CO INC
05/22/2028 130,000.00 139.75 0.00
0.00 0.68 0.00 0.00 140.43 0.00
0.00 91282CHA2UNITED STATES TREASURY
04/30/2028 145,000.00 427.51 0.00
0.00 86.24 0.00 0.00 513.75 0.00
0.00 91282CBS9UNITED STATES TREASURY
03/31/2028 250,000.00 264.69 0.00
0.00 477.08 0.00 0.00 741.76 0.00
0.00 91282CMS7UNITED STATES TREASURY
03/15/2028 120,000.00 391.71 0.00
0.00 0.00 -18.80 0.00 372.91 0.00
0.00 69371RT63PACCAR FINANCIAL CORP
03/03/2028 50,000.00 189.58 0.00
0.00 0.85 0.00 0.00 190.43 0.00
0.00 Income Detail Report Trade Date San Jacinto, City of (66779)05/01/2026 - 05/31/2026 Return to Table of Contents Dated: 06/02/2026 8 * Filtered By: Description ≠ "Payable" and Description ≠ "Receivable". * Weighted by: Ending Market Value + Accrued.
Identifier,Description
Final Maturity Ending Current Units Earned Interest
Income
Realized Gain,
Realized Loss
Accretion Income Amortization Expense Misc Income Net Earned Income Interest Payment Received,
Ending Interest Due
91282CGH8UNITED STATES TREASURY
01/31/2028 380,000.00 1,138.95 0.00
0.00 98.77 0.00 0.00 1,237.72 0.00
0.00 24422EXZ7JOHN DEERE CAPITAL CORP
01/07/2028 115,000.00 445.63 0.00
0.00 0.98 0.00 0.00 446.61 0.00
0.00 91282CBB6UNITED STATES TREASURY
12/31/2027 370,000.00 198.03 0.00
0.00 1,049.61 0.00 0.00 1,247.64 0.00
0.00 91282CFZ9UNITED STATES TREASURY
11/30/2027 535,000.00 1,765.26 0.00
0.00 0.00 -116.07 0.00 1,649.20 0.00
10,365.63
419792M29HAWAII ST
10/01/2027 10,000.00 41.67 0.00
0.00 0.00 -3.86 0.00 37.81 0.00
0.00 91282CAL5UNITED STATES TREASURY
09/30/2027 425,000.00 134.99 0.00
0.00 1,205.12 0.00 0.00 1,340.11 0.00
0.00 91282CFM8UNITED STATES TREASURY
09/30/2027 180,000.00 628.89 0.00
0.00 6.17 0.00 0.00 635.06 0.00
0.00 9128282R0UNITED STATES TREASURY
08/15/2027 390,000.00 751.45 0.00
0.00 333.43 0.00 0.00 1,084.88 0.00
0.00 91282CEW7UNITED STATES TREASURY
06/30/2027 135,000.00 375.73 0.00
0.00 0.00 -21.09 0.00 354.63 0.00
0.00 91282CNL1UNITED STATES TREASURY
06/30/2027 65,000.00 227.38 95.23
0.00 11.30 0.00 0.00 333.92 0.00
0.00 91282CET4UNITED STATES TREASURY
05/31/2027 0.00 43.27 0.00
-1,565.45
6.73 0.00 0.00 -1,515.45 0.00
0.00 20772KTJ8CONNECTICUT ST
05/15/2027 60,000.00 252.50 0.00
0.00 0.00 -26.10 0.00 226.40 1,515.00
0.00 14913UAL4CATERPILLAR FINANCIAL SERVICES CORP
05/14/2027 80,000.00 333.33 0.00
0.00 2.55 0.00 0.00 335.89 2,000.00
0.00 69371RT22PACCAR FINANCIAL CORP
05/13/2027 45,000.00 187.50 0.00
0.00 1.01 0.00 0.00 188.51 1,125.00
0.00 91282CEN7UNITED STATES TREASURY
04/30/2027 0.00 22.42 0.00
-447.31
4.45 0.00 0.00 -420.44 0.00
0.00 91282CKJ9UNITED STATES TREASURY
04/15/2027 0.00 33.20 0.00
-53.89
0.00 -5.79 0.00 -26.48 0.00
0.00 91282CEF4UNITED STATES TREASURY
03/31/2027 0.00 16.39 0.00
-687.71
1.79 0.00 0.00 -669.53 0.00
0.00 91282CKE0UNITED STATES TREASURY
03/15/2027 0.00 10.39 198.65
0.00 0.62 0.00 0.00 209.66 0.00
0.00 13063D3N6CALIFORNIA ST
03/01/2027 120,000.00 484.60 0.00
0.00 0.00 0.00 0.00 484.60 0.00
0.00 532457CJ5ELI LILLY AND CO
02/09/2027 180,000.00 675.00 0.00
0.00 2.81 0.00 0.00 677.81 0.00
0.00 69371RT55PACCAR FINANCIAL CORP
11/25/2026 35,000.00 131.25 0.00
0.00 1.29 0.00 0.00 132.54 787.50
0.00 89236TLD5TOYOTA MOTOR CREDIT CORP
11/20/2026 125,000.00 562.50 0.00
0.00 0.00 -153.48 0.00 409.02 3,375.00
0.00 419792L95HAWAII ST
10/01/2026 15,000.00 57.35 0.00
0.00 0.00 0.00 0.00 57.35 0.00
0.00 24422EXD6JOHN DEERE CAPITAL CORP
09/08/2026 65,000.00 278.96 0.00
0.00 1.38 0.00 0.00 280.34 0.00
0.00 31846V203FIRST AMER:GVT OBLG Y
05/31/2026 125,254.13 361.11 0.00
0.00 0.00 0.00 0.00 361.11 276.54
361.10
------
01/12/2029 12,445,254.13 32,071.05 293.89
-2,970.71
9,876.28 -1,036.43 0.00 38,234.09 21,705.92
36,964.22
Income Detail Report Trade Date San Jacinto, City of (66779)05/01/2026 - 05/31/2026 Return to Table of Contents Dated: 06/02/2026 9 * Does not Lock Down.
* Filtered By: Type = Buy or Type = Sell or Type = Call Redemption or Type = Put Redemption or Type = Corporate Action Sell or Type = Cash Transfer or Type = Maturity or Type = Coupon or Type = Principal Paydown or Type = Money Market Funds. * Weighted by: AbsoluteValue of Principal. * MMF transactions are expanded.* The Transaction Detail/Trading Activity reports provide our most up-to-date transactional details. As such, these reports are subject to change even after the other reports on the website have been locked down. While these reports can be useful tools in understanding recent activity,due to their dynamic nature we do not recommend using them for booking journal entries or reconciliation.
Identifier Description Current Units Type Settle Date Price Principal Realized Gain/Loss Amount31846V203 FIRST AMER:GVT OBLG Y 0.00 Money Market Funds 04/30/2026 --- 0.00 0.00 276.5431846V203 FIRST AMER:GVT OBLG Y 1,061.98 Buy 05/04/2026 1.000 1,061.98 0.00 -1,061.9891282CEF4 UNITED STATES TREASURY -80,000.00 Sell 05/04/2026 98.891 -79,112.50 -687.71 79,298.2991282CEN7 UNITED STATES TREASURY -100,000.00 Sell 05/04/2026 99.008 -99,007.81 -447.31 99,037.7091282CET4 UNITED STATES TREASURY -200,000.00 Sell 05/04/2026 98.770 -197,539.06 -1,565.45 199,774.6491282CKE0 UNITED STATES TREASURY -30,000.00 Sell 05/04/2026 100.441 -30,132.42 198.65 30,305.6591282CKJ9 UNITED STATES TREASURY -90,000.00 Sell 05/04/2026 100.691 -90,622.27 -53.89 90,832.5291282CKN0 UNITED STATES TREASURY 100,000.00 Buy 05/04/2026 102.668 102,667.97 0.00 -102,718.2491282CLC3 UNITED STATES TREASURY 100,000.00 Buy 05/04/2026 100.234 100,234.37 0.00 -101,261.9991282CNH0 UNITED STATES TREASURY 350,000.00 Buy 05/04/2026 100.000 350,000.00 0.00 -355,216.3591282CNL1 UNITED STATES TREASURY -60,000.00 Sell 05/04/2026 99.938 -59,962.50 95.23 60,733.2231846V203 FIRST AMER:GVT OBLG Y 1,125.00 Buy 05/13/2026 1.000 1,125.00 0.00 -1,125.0069371RT22 PACCAR FINANCIAL CORP 0.00 Coupon 05/13/2026 --- 0.00 0.00 1,125.0031846V203 FIRST AMER:GVT OBLG Y 3,678.75 Buy 05/14/2026 1.000 3,678.75 0.00 -3,678.7514913UAL4 CATERPILLAR FINANCIAL SERVICES CORP 0.00 Coupon 05/14/2026 --- 0.00 0.00 2,000.0014913UBD1 CATERPILLAR FINANCIAL SERVICES CORP 0.00 Coupon 05/14/2026 --- 0.00 0.00 1,678.7531846V203 FIRST AMER:GVT OBLG Y 9,830.63 Buy 05/15/2026 1.000 9,830.63 0.00 -9,830.63912810FF0 UNITED STATES TREASURY 0.00 Coupon 05/15/2026 --- 0.00 0.00 3,281.259128285M8 UNITED STATES TREASURY 0.00 Coupon 05/15/2026 --- 0.00 0.00 1,875.00912828YS3 UNITED STATES TREASURY 0.00 Coupon 05/15/2026 --- 0.00 0.00 1,050.00912828ZQ6 UNITED STATES TREASURY 0.00 Coupon 05/15/2026 --- 0.00 0.00 468.7591282CAV3 UNITED STATES TREASURY 0.00 Coupon 05/15/2026 --- 0.00 0.00 1,640.6320772KTJ8 CONNECTICUT ST 0.00 Coupon 05/15/2026 --- 0.00 0.00 1,515.0031846V203 FIRST AMER:GVT OBLG Y 121,838.36 Buy 05/20/2026 1.000 121,838.36 0.00 -121,838.3691282CHE4 UNITED STATES TREASURY -115,000.00 Sell 05/20/2026 99.020 -113,872.46 -216.34 115,830.8689236TLD5 TOYOTA MOTOR CREDIT CORP 0.00 Coupon 05/20/2026 --- 0.00 0.00 3,375.00023135CS3 AMAZON.COM INC 0.00 Coupon 05/20/2026 --- 0.00 0.00 2,632.5031846V203 FIRST AMER:GVT OBLG Y -129,948.00 Sell 05/22/2026 1.000 -129,948.00 0.00 129,948.0058933YCE3 MERCK & CO INC 130,000.00 Buy 05/22/2026 99.960 129,948.00 0.00 -129,948.0069371RT55 PACCAR FINANCIAL CORP 0.00 Coupon 05/25/2026 --- 0.00 0.00 787.5031846V203 FIRST AMER:GVT OBLG Y 787.50 Buy 05/26/2026 1.000 787.50 0.00 -787.5031846V203 FIRST AMER:GVT OBLG Y 0.00 Money Market Funds 05/31/2026 --- 0.00 0.00 361.0891282CCE9 UNITED STATES TREASURY 0.00 Coupon 05/31/2026 --- 0.00 0.00 2,031.2591282CES6 UNITED STATES TREASURY 0.00 Coupon 05/31/2026 --- 0.00 0.00 2,887.5091282CFY2 UNITED STATES TREASURY 0.00 Coupon 05/31/2026 --- 0.00 0.00 4,165.6391282CFZ9 UNITED STATES TREASURY 0.00 Coupon 05/31/2026 --- 0.00 0.00 10,365.6391282CJM4 UNITED STATES TREASURY 0.00 Coupon 05/31/2026 --- 0.00 0.00 3,828.1391282CKT7 UNITED STATES TREASURY 0.00 Coupon 05/31/2026 --- 0.00 0.00 4,500.0091282CMA6 UNITED STATES TREASURY 0.00 Coupon 05/31/2026 --- 0.00 0.00 4,125.0091282CNG2 UNITED STATES TREASURY 0.00 Coupon 05/31/2026 --- 0.00 0.00 4,700.00--- --- 13,374.22 --- --- --- 20,975.54 -2,676.82 36,964.22 Transactions Realized Gain Loss Report San Jacinto, City of (66779)05/01/2026 - 05/31/2026 Return to Table of Contents Dated: 06/02/2026 10 Alphabet Inc.
Amazon.com, Inc.Caterpillar Inc.
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
02079KBJ5 CORP ALPHABET INC
Alphabet Inc.
80,000.00 Fixed Y 2.518 3.829 4.213 02/15/2029
02/15/2029
888.00 79,737.16
80,625.16
78,954.3879,842.38
0.651%
02079KBJ5 CORP ALPHABET INC
Alphabet Inc.
80,000.00 Fixed Y 2.518 3.829 4.213 02/15/2029
02/15/2029
888.00 79,737.16
80,625.16
78,954.3879,842.38
0.651%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
023135CS3 CORP AMAZON.COM INC
Amazon.com, Inc.
135,000.00 Fixed Y 2.319 3.908 4.196 11/20/2028
11/20/2028
160.88 134,975.33
135,136.20
134,067.52134,228.40
1.105%
023135DC7 CORP AMAZON.COM INC
Amazon.com, Inc.
80,000.00 Fixed Y 2.562 4.004 4.273 03/13/2029
03/13/2029
693.33 79,991.81
80,685.14
79,426.4380,119.76
0.655%
--- CORP AMAZON.COM INC
Amazon.com, Inc.
215,000.00 Fixed Y 2.410 3.944 4.225 01/01/2029
01/01/2029
854.21 214,967.13
215,821.34
213,493.95214,348.16
1.759%
Issuer Concentration with Yield GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 11 Deere & Company
Eli Lilly and CompanyMerck & Co., Inc.PACCAR Inc
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
14913UBD1 CORP CATERPILLAR FINANCIAL SERVICES
CORPCaterpillar Inc.
85,000.00 Fixed N 2.314 3.969 4.220 11/14/2028
11/14/2028
158.55 84,962.81
85,121.36
84,468.1684,626.71
0.696%
14913UAL4 CORP CATERPILLAR FINANCIAL SERVICES
CORPCaterpillar Inc.
80,000.00 Fixed N 0.928 5.040 3.951 05/14/2027
05/14/2027
188.89 79,970.68
80,159.57
80,780.1880,969.07
0.666%
--- CORP CATERPILLAR FINANCIAL SERVICES
CORPCaterpillar Inc.
165,000.00 Fixed N 1.636 4.488 4.088 02/19/2028
02/19/2028
347.44 164,933.49
165,280.93
165,248.34165,595.78
1.362%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
24422EXZ7 CORP JOHN DEERE CAPITAL CORP
Deere & Company
115,000.00 Fixed N 1.507 4.661 4.170 01/07/2028
01/07/2028
2,139.00 114,980.81
117,119.81
115,843.85117,982.85
0.955%
24422EXD6 CORP JOHN DEERE CAPITAL CORP
Deere & Company
65,000.00 Fixed N 0.272 5.176 3.810 09/08/2026
09/08/2026
771.78 64,995.59
65,767.38
65,229.1466,000.93
0.538%
--- CORP JOHN DEERE CAPITAL CORP
Deere & Company
180,000.00 Fixed N 1.064 4.846 4.041 07/17/2027
07/17/2027
2,910.78 179,976.40
182,887.19
181,072.99183,983.78
1.492%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
532457CJ5 CORP ELI LILLY AND CO
Eli Lilly and Company
180,000.00 Fixed Y 0.614 4.519 3.927 01/09/2027
02/09/2027
2,520.00 179,976.94
182,496.94
180,612.37183,132.37
1.488%
532457CJ5 CORP ELI LILLY AND CO
Eli Lilly and Company
180,000.00 Fixed Y 0.614 4.519 3.927 01/09/2027
02/09/2027
2,520.00 179,976.94
182,496.94
180,612.37183,132.37
1.488%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
58933YCE3 CORP MERCK & CO INC
Merck & Co., Inc.
130,000.00 Fixed N 1.880 4.321 4.137 05/22/2028
05/22/2028
139.75 129,948.68
130,088.43
130,398.36130,538.11
1.075%
58933YCE3 CORP MERCK & CO INC
Merck & Co., Inc.
130,000.00 Fixed N 1.880 4.321 4.137 05/22/2028
05/22/2028
139.75 129,948.68
130,088.43
130,398.36130,538.11
1.075%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
69371RT63 CORP PACCAR FINANCIAL CORP
PACCAR Inc
50,000.00 Fixed N 1.661 4.572 4.141 03/03/2028
03/03/2028
556.11 49,981.67
50,537.78
50,341.2350,897.35
0.415%
69371RT55 CORP PACCAR FINANCIAL CORP
PACCAR Inc
35,000.00 Fixed N 0.480 4.545 3.963 11/25/2026
11/25/2026
26.25 34,992.60
35,018.85
35,089.8035,116.05
0.289%
69371RT22 CORP PACCAR FINANCIAL CORP
PACCAR Inc
45,000.00 Fixed N 0.925 5.028 3.953 05/13/2027
05/13/2027
112.50 44,988.49
45,100.99
45,436.7045,549.20
0.374%
Issuer Concentration with Yield GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 12 State of California
State of ConnecticutState of HawaiiToyota Motor Corporation Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
--- CORP PACCAR FINANCIAL CORP
PACCAR Inc
130,000.00 Fixed N 1.091 4.722 4.028 07/21/2027
07/21/2027
694.86 129,962.76
130,657.62
130,867.74131,562.60
1.078%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
13063D3N6 MUNI CALIFORNIA ST
State of California
120,000.00 Fixed N 0.730 4.847 3.871 03/01/2027
03/01/2027
1,453.80 120,000.00
121,453.80
120,856.35122,310.15
0.996%
13063D3N6 MUNI CALIFORNIA ST
State of California
120,000.00 Fixed N 0.730 4.847 3.871 03/01/2027
03/01/2027
1,453.80 120,000.00
121,453.80
120,856.35122,310.15
0.996%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
20772KTJ8 MUNI CONNECTICUT ST
State of Connecticut
60,000.00 Fixed N 0.931 4.509 3.942 05/15/2027
05/15/2027
134.67 60,299.85
60,434.52
60,619.9560,754.62
0.500%
20772KTJ8 MUNI CONNECTICUT ST
State of Connecticut
60,000.00 Fixed N 0.931 4.509 3.942 05/15/2027
05/15/2027
134.67 60,299.85
60,434.52
60,619.9560,754.62
0.500%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
419792M37 MUNI HAWAII ST
State of Hawaii
25,000.00 Fixed N 2.176 4.522 4.147 10/01/2028
10/01/2028
208.33 25,261.53
25,469.87
25,469.2225,677.56
0.210%
419792M29 MUNI HAWAII ST
State of Hawaii
10,000.00 Fixed N 1.277 4.513 3.988 10/01/2027
10/01/2027
83.33 10,062.27
10,145.61
10,130.1110,213.44
0.083%
419792L95 MUNI HAWAII ST
State of Hawaii
15,000.00 Fixed N 0.335 4.590 3.738 10/01/2026
10/01/2026
114.70 15,000.00
15,114.70
15,041.2815,155.98
0.124%
--- MUNI HAWAII ST
State of Hawaii
50,000.00 Fixed N 1.450 4.541 3.994 12/16/2027
12/16/2027
406.37 50,323.80
50,730.17
50,640.6151,046.98
0.417%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
89236TLD5 CORP TOYOTA MOTOR CREDIT CORP
Toyota Motor Corporation
125,000.00 Fixed N 0.466 3.911 3.975 11/20/2026
11/20/2026
206.25 125,853.08
126,059.33
125,827.26126,033.51
1.037%
89236TPQ2 CORP TOYOTA MOTOR CREDIT CORP
Toyota Motor Corporation
65,000.00 Fixed N 2.587 4.063 4.337 03/13/2029
03/13/2029
570.38 64,978.21
65,548.59
64,511.7865,082.16
0.532%
--- CORP TOYOTA MOTOR CREDIT CORP
Toyota Motor Corporation
190,000.00 Fixed N 1.188 3.963 4.098 09/03/2027
09/03/2027
776.63 190,831.29
191,607.92
190,339.04191,115.66
1.569%
Issuer Concentration with Yield GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 13 U.S. Bancorp
United States
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
31846V203 MMFUND FIRST AMER:GVT OBLG Y
U.S. Bancorp
125,254.13 Fixed N 0.000 3.260 3.260 05/31/2026
05/31/2026
0.00 125,254.13
125,254.13
125,254.13125,254.13
1.032%
31846V203 MMFUND FIRST AMER:GVT OBLG Y
U.S. Bancorp
125,254.13 Fixed N 0.000 3.260 3.260 05/31/2026
05/31/2026
0.00 125,254.13
125,254.13
125,254.13125,254.13
1.032%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
91282CEW7 US GOV UNITED STATES TREASURY
United States
135,000.00 Fixed N 1.044 3.059 3.903 06/30/2027
06/30/2027
1,842.27 135,271.70
137,113.96
134,066.60135,908.87
1.105%
9128282R0 US GOV UNITED STATES TREASURY
United States
390,000.00 Fixed N 1.176 3.299 3.914 08/15/2027
08/15/2027
2,569.48 385,202.87
387,772.35
382,359.96384,929.44
3.151%
91282CAL5 US GOV UNITED STATES TREASURY
United States
425,000.00 Fixed N 1.310 3.924 3.920 09/30/2027
09/30/2027
269.98 405,646.44
405,916.42
405,534.67405,804.65
3.342%
91282CFZ9 US GOV UNITED STATES TREASURY
United States
535,000.00 Fixed N 1.421 3.602 3.972 11/30/2027
11/30/2027
56.64 537,114.15
537,170.79
534,247.66534,304.30
4.403%
91282CBB6 US GOV UNITED STATES TREASURY
United States
370,000.00 Fixed N 1.548 4.227 3.972 12/31/2027
12/31/2027
970.99 349,844.89
350,815.89
351,116.99352,087.99
2.894%
91282CBS9 US GOV UNITED STATES TREASURY
United States
250,000.00 Fixed N 1.784 3.673 3.988 03/31/2028
03/31/2028
529.37 239,374.80
239,904.17
237,973.63238,503.00
1.961%
91282CFM8 US GOV UNITED STATES TREASURY
United States
180,000.00 Fixed N 1.283 4.168 3.943 09/30/2027
09/30/2027
1,257.79 179,900.77
181,158.55
180,414.84181,672.63
1.487%
91282CCE9 US GOV UNITED STATES TREASURY
United States
75,000.00 Fixed N 1.935 4.077 3.995 05/31/2028
05/31/2028
2.56 70,972.98
70,975.54
71,069.8271,072.39
0.586%
91282CCE9 US GOV UNITED STATES TREASURY
United States
250,000.00 Fixed N 1.935 4.277 3.995 05/31/2028
05/31/2028
8.54 235,659.98
235,668.52
236,899.41236,907.95
1.952%
91282CHA2 US GOV UNITED STATES TREASURY
United States
145,000.00 Fixed N 1.833 4.268 4.000 04/30/2028
04/30/2028
441.30 142,975.06
143,416.36
143,668.95144,110.25
1.184%
91282CHK0 US GOV UNITED STATES TREASURY
United States
125,000.00 Fixed N 1.953 4.308 4.006 06/30/2028
06/30/2028
2,099.45 124,242.05
126,341.49
124,980.47127,079.92
1.030%
91282CCH2 US GOV UNITED STATES TREASURY
United States
275,000.00 Fixed N 2.016 4.322 3.995 06/30/2028
06/30/2028
1,443.37 258,372.63
259,816.00
260,014.65261,458.02
2.143%
91282CCV1 US GOV UNITED STATES TREASURY
United States
150,000.00 Fixed N 2.183 4.840 4.008 08/31/2028
08/31/2028
426.46 138,275.27
138,701.73
140,759.77141,186.23
1.160%
91282CCV1 US GOV UNITED STATES TREASURY
United States
125,000.00 Fixed N 2.183 4.680 4.008 08/31/2028
08/31/2028
355.38 115,630.27
115,985.65
117,299.80117,655.19
0.967%
912810FF0 US GOV UNITED STATES TREASURY
United States
125,000.00 Fixed N 2.293 4.127 4.019 11/15/2028
11/15/2028
303.16 128,244.93
128,548.09
128,569.34128,872.49
1.060%
91282CCY5 US GOV UNITED STATES TREASURY
United States
115,000.00 Fixed N 2.261 4.170 4.019 09/30/2028
09/30/2028
243.51 107,618.48
107,861.99
107,956.25108,199.76
0.890%
91282CDP3 US GOV UNITED STATES TREASURY
United States
100,000.00 Fixed N 2.485 3.802 4.030 12/31/2028
12/31/2028
577.35 94,090.62
94,667.97
93,535.1694,112.50
0.771%
91282CHK0 US GOV UNITED STATES TREASURY
United States
100,000.00 Fixed N 1.953 4.158 4.006 06/30/2028
06/30/2028
1,679.56 99,688.72
101,368.28
99,984.38
101,663.93
0.824%
91282CDW8 US GOV UNITED STATES TREASURY
United States
115,000.00 Fixed N 2.556 4.122 4.038 01/31/2029
01/31/2029
672.69 108,182.60
108,855.28
108,391.99109,064.68
0.893%
91282CKD2 US GOV UNITED STATES TREASURY
United States
100,000.00 Fixed N 2.553 4.099 4.045 02/28/2029
02/28/2029
1,074.05 100,388.59
101,462.63
100,523.44101,597.49
0.828%
91282CDW8 US GOV UNITED STATES TREASURY
United States
175,000.00 Fixed N 2.556 4.353 4.038 01/31/2029
01/31/2029
1,023.65 163,654.45
164,678.10
164,944.34165,967.99
1.359%
91282CKD2 US GOV UNITED STATES TREASURY
United States
75,000.00 Fixed N 2.553 4.329 4.045 02/28/2029
02/28/2029
805.54 74,848.81
75,654.34
75,392.5876,198.11
0.621%
Issuer Concentration with Yield GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 14 Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
91282CEE7 US GOV UNITED STATES TREASURY
United States
160,000.00 Fixed N 2.695 4.672 4.040 03/31/2029
03/31/2029
643.72 150,363.69
151,007.41
152,918.75153,562.47
1.260%
91282CES6 US GOV UNITED STATES TREASURY
United States
125,000.00 Fixed N 2.806 4.312 4.047 05/31/2029
05/31/2029
9.39 119,566.19
119,575.59
120,454.10120,463.49
0.993%
91282CKG5 US GOV UNITED STATES TREASURY
United States
100,000.00 Fixed N 2.638 4.313 4.047 03/31/2029
03/31/2029
698.77 99,503.14
100,201.92
100,203.13100,901.90
0.826%
91282CES6 US GOV UNITED STATES TREASURY
United States
85,000.00 Fixed N 2.806 4.328 4.047 05/31/2029
05/31/2029
6.39 81,266.33
81,272.72
81,908.7981,915.18
0.675%
91282CKT7 US GOV UNITED STATES TREASURY
United States
200,000.00 Fixed N 2.729 3.854 4.058 05/31/2029
05/31/2029
24.59 203,624.39
203,648.98
202,476.56202,501.15
1.669%
912828YB0 US GOV UNITED STATES TREASURY
United States
200,000.00 Fixed N 3.066 3.584 4.038 08/15/2029
08/15/2029
951.66 188,235.30
189,186.96
185,578.13186,529.78
1.529%
91282CKX8 US GOV UNITED STATES TREASURY
United States
125,000.00 Fixed N 2.821 3.603 4.060 06/30/2029
06/30/2029
2,230.66 127,335.97
129,566.63
125,678.71127,909.37
1.036%
91282CFL0 US GOV UNITED STATES TREASURY
United States
170,000.00 Fixed N 3.082 4.132 4.072 09/30/2029
09/30/2029
1,115.92 168,652.33
169,768.25
168,957.42170,073.34
1.392%
912828YS3 US GOV UNITED STATES TREASURY
United States
120,000.00 Fixed N 3.301 4.056 4.061 11/15/2029
11/15/2029
97.01 111,165.89
111,262.91
111,126.56111,223.57
0.916%
91282CLR0 US GOV UNITED STATES TREASURY
United States
185,000.00 Fixed N 3.152 4.091 4.081 10/31/2029
10/31/2029
663.59 185,196.12
185,859.71
185,252.93185,916.52
1.527%
91282CFT3 US GOV UNITED STATES TREASURY
United States
85,000.00 Fixed N 3.157 4.460 4.076 10/31/2029
10/31/2029
295.65 83,774.44
84,070.10
84,794.1485,089.79
0.699%
91282CMA6 US GOV UNITED STATES TREASURY
United States
200,000.00 Fixed N 3.169 4.316 4.081 11/30/2029
11/30/2029
22.54 198,771.59
198,794.13
200,281.25200,303.79
1.651%
91282CFY2 US GOV UNITED STATES TREASURY
United States
215,000.00 Fixed N 3.183 3.988 4.083 11/30/2029
11/30/2029
22.76 214,214.34
214,237.10
213,555.47213,578.23
1.760%
912828Z94 US GOV UNITED STATES TREASURY
United States
120,000.00 Fixed N 3.534 4.002 4.076 02/15/2030
02/15/2030
527.07 109,753.22
110,280.29
109,439.06109,966.13
0.902%
91282CMG3 US GOV UNITED STATES TREASURY
United States
225,000.00 Fixed N 3.327 3.964 4.094 01/31/2030
01/31/2030
3,196.31 227,176.97
230,373.28
226,177.73229,374.04
1.864%
91282CMS7 US GOV UNITED STATES TREASURY
United States
120,000.00 Fixed N 1.706 3.675 3.987 03/15/2028
03/15/2028
985.60 120,411.55
121,397.15
119,763.28120,748.88
0.987%
9128285M8 US GOV UNITED STATES TREASURY
United States
120,000.00 Fixed N 2.338 3.740 4.028 11/15/2028
11/15/2028
173.23 118,285.25
118,458.49
117,482.81117,656.05
0.968%
91282CMU2 US GOV UNITED STATES TREASURY
United States
250,000.00 Fixed N 3.503 3.925 4.094 03/31/2030
03/31/2030
1,693.99 250,657.34
252,351.33
249,160.16250,854.15
2.053%
912828ZQ6 US GOV UNITED STATES TREASURY
United States
150,000.00 Fixed N 3.836 3.932 4.095 05/15/2030
05/15/2030
43.31 131,999.08
132,042.38
131,138.67131,181.98
1.081%
91282CNG2 US GOV UNITED STATES TREASURY
United States
235,000.00 Fixed N 3.594 3.839 4.105 05/31/2030
05/31/2030
25.68 236,387.92
236,413.60
234,100.39234,126.07
1.929%
91282CNL1 US GOV UNITED STATES TREASURY
United States
65,000.00 Fixed N 1.041 3.948 3.905 06/30/2027
06/30/2027
1,023.48 64,865.57
65,889.05
64,892.0965,915.57
0.535%
91282CMZ1 US GOV UNITED STATES TREASURY
United States
150,000.00 Fixed N 3.590 3.932 4.102 04/30/2030
04/30/2030
505.43 149,691.95
150,197.39
148,775.39149,280.83
1.226%
91282CGZ8 US GOV UNITED STATES TREASURY
United States
180,000.00 Fixed N 3.611 3.694 4.101 04/30/2030
04/30/2030
547.83 178,740.75
179,288.58
176,111.72176,659.54
1.451%
91282CAE1 US GOV UNITED STATES TREASURY
United States
180,000.00 Fixed N 4.071 3.717 4.105 08/15/2030
08/15/2030
329.42 158,509.98
158,839.40
155,974.22156,303.64
1.285%
91282CNN7 US GOV UNITED STATES TREASURY
United States
125,000.00 Fixed N 3.767 3.691 4.109 07/31/2030
07/31/2030
1,619.04 125,882.18
127,501.23
123,881.84125,500.88
1.021%
91282CNX5 US GOV UNITED STATES TREASURY
United States
275,000.00 Fixed N 3.865 3.710 4.119 08/31/2030
08/31/2030
2,519.28 274,094.07
276,613.34
269,736.33272,255.60
2.223%
91282CJM4 US GOV UNITED STATES TREASURY
United States
175,000.00 Fixed N 3.971 3.678 4.128 11/30/2030
11/30/2030
20.92 180,011.61
180,032.53
176,763.67176,784.59
1.457%
91282CAV3 US GOV UNITED STATES TREASURY
United States
175,000.00 Fixed N 4.289 3.668 4.116 11/15/2030
11/15/2030
70.74 155,083.39
155,154.13
152,092.77152,163.51
1.253%
91282CAV3 US GOV UNITED STATES TREASURY
United States
200,000.00 Fixed N 4.289 3.717 4.116 11/15/2030
11/15/2030
80.84 176,869.10
176,949.94
173,820.31173,901.15
1.432%
Issuer Concentration with Yield GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 15 Summary
* Grouped by: Issuer Concentration. * Groups Sorted by: Issuer Concentration. * Filtered By: Description ≠ "Payable" and Description ≠ "Receivable". * Weighted by: Ending Market Value + Accrued, except Book Yield by Base Book Value + Accrued.
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
91282CJG7 US GOV UNITED STATES TREASURY
United States
200,000.00 Fixed N 3.942 3.822 4.126 10/31/2030
10/31/2030
847.83 208,477.02
209,324.85
205,992.19206,840.01
1.698%
91282CPW5 US GOV UNITED STATES TREASURY
United States
300,000.00 Fixed N 4.189 3.646 4.129 01/31/2031
01/31/2031
3,760.36 301,323.15
305,083.51
295,195.31298,955.67
2.433%
91282CNU1 US GOV UNITED STATES TREASURY
United States
150,000.00 Fixed N 2.086 3.813 4.012 08/15/2028
08/15/2028
1,592.20 149,406.11
150,998.30
148,775.39150,367.59
1.226%
91282CBL4 US GOV UNITED STATES TREASURY
United States
190,000.00 Fixed N 4.487 3.914 4.113 02/15/2031
02/15/2031
625.90 167,421.52
168,047.42
165,886.33166,512.23
1.367%
91282CGH8 US GOV UNITED STATES TREASURY
United States
380,000.00 Fixed N 1.591 3.814 3.986 01/31/2028
01/31/2028
4,445.58 378,083.35
382,528.93
377,023.83381,469.41
3.107%
91282CKN0 US GOV UNITED STATES TREASURY
United States
100,000.00 Fixed N 4.358 4.029 4.145 04/30/2031
04/30/2031
402.17 102,630.90
103,033.08
102,113.28102,515.46
0.842%
91282CLC3 US GOV UNITED STATES TREASURY
United States
100,000.00 Fixed N 2.915 3.921 4.062 07/31/2029
07/31/2029
1,337.02 100,230.53
101,567.55
99,812.50
101,149.52
0.823%
91282CNH0 US GOV UNITED STATES TREASURY
United States
350,000.00 Fixed N 1.915 3.873 4.007 06/15/2028
06/15/2028
6,259.62 350,000.00
356,259.62
349,097.66355,357.27
2.877%
--- US GOV UNITED STATES TREASURY
United States
10,820,000.00 Fixed N 2.625 3.933 4.036 03/23/2029
03/23/2029
58,068.56 10,542,863.33
10,600,931.89
10,506,097.5610,564,166.12
86.581%
Identifier Security Type Description,
Issuer Concentration
Ending Current Units Coupon Type Calla
ble
Duration Book
Yield
Yield Ending
EffectiveMaturity,Final Maturity
Ending Accrued
Balance
Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
% of MarketValue
--- --- ---
---
12,445,254.13 Fixed --- 2.447 3.983 4.031 01/12/2029
01/12/2029
69,195.06 12,169,074.97
12,238,270.03
12,134,455.7512,203,650.81
100.000%
Issuer Concentration with Yield GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 16 CORP
Identifier,Description,Security Type
% of MarketValue +Accrued
Coupon Type Callab
le
Duration S&P
Rating,Moody'sRating
Ending Current Units Ending
EffectiveMaturity,Final Maturity
Book
Yield,
Yield
Ending Accrued
Balance
Original Cost Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
24422EXD6JOHN DEERE CAPITAL CORPCORP
0.541% Fixed N 0.272 A
A1
65,000.00 09/08/2026
09/08/2026
5.1763.810
771.78 64,953.85 64,995.59
65,767.38
65,229.1466,000.93
89236TLD5TOYOTA MOTOR CREDIT CORPCORP
1.033% Fixed N 0.466 A+
A1
125,000.00 11/20/2026
11/20/2026
3.9113.975
206.25 128,762.50 125,853.08
126,059.33
125,827.26126,033.51
69371RT55PACCAR FINANCIAL CORPCORP
0.288% Fixed N 0.480 A+
A1
35,000.00 11/25/2026
11/25/2026
4.5453.963
26.25 34,970.25 34,992.60
35,018.85
35,089.8035,116.05
532457CJ5ELI LILLY AND COCORP
1.501% Fixed Y 0.614 AAAa3 180,000.00 01/09/2027 02/09/2027 4.519 3.927 2,520.00 179,904.60 179,976.94 182,496.94 180,612.37 183,132.37 69371RT22PACCAR FINANCIAL CORPCORP
0.373% Fixed N 0.925 A+
A1
45,000.00 05/13/2027
05/13/2027
5.0283.953
112.50 44,965.35 44,988.49
45,100.99
45,436.7045,549.20
14913UAL4CATERPILLAR FINANCIAL SERVICES CORPCORP
0.663% Fixed N 0.928 A
A1
80,000.00 05/14/2027
05/14/2027
5.0403.951
188.89 79,912.00 79,970.68
80,159.57
80,780.1880,969.07
24422EXZ7JOHN DEERE CAPITAL CORPCORP
0.967% Fixed N 1.507 A
A1
115,000.00 01/07/2028
01/07/2028
4.6614.170
2,139.00 114,965.50 114,980.81
117,119.81
115,843.85117,982.85
69371RT63PACCAR FINANCIAL CORPCORP
0.417% Fixed N 1.661 A+
A1
50,000.00 03/03/2028
03/03/2028
4.5724.141
556.11 49,969.50 49,981.67
50,537.78
50,341.2350,897.35
Security Type GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 17 MMFUND
MUNI
Identifier,Description,Security Type
% of MarketValue +Accrued
Coupon Type Callab
le
Duration S&P
Rating,Moody'sRating
Ending Current Units Ending
EffectiveMaturity,Final Maturity
Book
Yield,
Yield
Ending Accrued
Balance
Original Cost Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
58933YCE3MERCK & CO INCCORP
1.070% Fixed N 1.880 A+
Aa3
130,000.00 05/22/2028
05/22/2028
4.3214.137
139.75 129,948.00 129,948.68
130,088.43
130,398.36130,538.11
14913UBD1CATERPILLAR FINANCIAL SERVICES CORPCORP
0.693% Fixed N 2.314 A
A1
85,000.00 11/14/2028
11/14/2028
3.9694.220
158.55 84,954.95 84,962.81
85,121.36
84,468.1684,626.71
023135CS3AMAZON.COM INCCORP
1.100% Fixed Y 2.319 AA
A1
135,000.00 11/20/2028
11/20/2028
3.9084.196
160.88 134,970.30 134,975.33
135,136.20
134,067.52134,228.40
02079KBJ5ALPHABET INCCORP
0.654% Fixed Y 2.518 AA+
Aa2
80,000.00 02/15/2029
02/15/2029
3.8294.213
888.00 79,709.60 79,737.16
80,625.16
78,954.3879,842.38
023135DC7AMAZON.COM INCCORP
0.657% Fixed Y 2.562 AA
A1
80,000.00 03/13/2029
03/13/2029
4.0044.273
693.33 79,991.20 79,991.81
80,685.14
79,426.4380,119.76
89236TPQ2TOYOTA MOTOR CREDIT CORPCORP
0.533% Fixed N 2.587 A+
A1
65,000.00 03/13/2029
03/13/2029
4.0634.337
570.38 64,976.60 64,978.21
65,548.59
64,511.7865,082.16
------CORP
10.490% Fixed --- 1.494 A+
A1
1,270,000.00 12/30/2027
01/03/2028
4.3394.089
9,131.67 1,272,954.20 1,270,333.85
1,279,465.52
1,270,987.161,280,118.83
Identifier,Description,Security Type
% of MarketValue +Accrued
Coupon Type Callab
le
Duration S&P
Rating,Moody'sRating
Ending Current Units Ending
EffectiveMaturity,Final Maturity
Book
Yield,
Yield
Ending Accrued
Balance
Original Cost Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
31846V203FIRST AMER:GVT OBLG YMMFUND
1.026% Fixed N 0.000 AAAm
Aaa
125,254.13 05/31/2026
05/31/2026
3.2603.260
0.00 125,254.13 125,254.13
125,254.13
125,254.13125,254.13
31846V203FIRST AMER:GVT OBLG YMMFUND
1.026% Fixed N 0.000 AAAm
Aaa
125,254.13 05/31/2026
05/31/2026
3.2603.260
0.00 125,254.13 125,254.13
125,254.13
125,254.13125,254.13
Identifier,Description,Security Type
% of MarketValue +Accrued
Coupon Type Callab
le
Duration S&P
Rating,Moody'sRating
Ending Current Units Ending
EffectiveMaturity,Final Maturity
Book
Yield,
Yield
Ending Accrued
Balance
Original Cost Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
419792L95HAWAII STMUNI
0.124% Fixed N 0.335 AA+
Aa2
15,000.00 10/01/2026
10/01/2026
4.5903.738
114.70 15,000.00 15,000.00
15,114.70
15,041.2815,155.98
13063D3N6CALIFORNIA STMUNI
1.002% Fixed N 0.730 AAAa2 120,000.00 03/01/2027 03/01/2027 4.847 3.871 1,453.80 120,000.00 120,000.00 121,453.80 120,856.35 122,310.15 20772KTJ8CONNECTICUT STMUNI
0.498% Fixed N 0.931 AAAa2 60,000.00 05/15/2027 05/15/2027 4.509 3.942 134.67 61,152.00 60,299.85 60,434.52 60,619.95 60,754.62 419792M29HAWAII STMUNI
0.084% Fixed N 1.277 AA+
Aa2
10,000.00 10/01/2027
10/01/2027
4.5133.988
83.33 10,168.30 10,062.27
10,145.61
10,130.1110,213.44
419792M37HAWAII STMUNI
0.210% Fixed N 2.176 AA+
Aa2
25,000.00 10/01/2028
10/01/2028
4.5224.147
208.33 25,510.25 25,261.53
25,469.87
25,469.2225,677.56
------MUNI
1.918% Fixed N 0.939 AAAa2 230,000.00 05/23/2027 05/23/2027 4.692 3.916 1,994.83 231,830.55 230,623.66 232,618.49 232,116.91 234,111.74 Security Type GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 18 US GOV
Identifier,Description,Security Type
% of MarketValue +Accrued
Coupon Type Callab
le
Duration S&P
Rating,Moody'sRating
Ending Current Units Ending
EffectiveMaturity,Final Maturity
Book
Yield,
Yield
Ending Accrued
Balance
Original Cost Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
91282CEW7UNITED STATES TREASURYUS GOV
1.114% Fixed N 1.044 AA+
Aa1
135,000.00 06/30/2027
06/30/2027
3.0593.903
1,842.27 136,181.25 135,271.70
137,113.96
134,066.60135,908.87
91282CNL1UNITED STATES TREASURYUS GOV
0.540% Fixed N 1.041 AA+
Aa1
65,000.00 06/30/2027
06/30/2027
3.9483.905
1,023.48 64,763.87 64,865.57
65,889.05
64,892.0965,915.57
9128282R0UNITED STATES TREASURYUS GOV
3.154% Fixed N 1.176 AA+
Aa1
390,000.00 08/15/2027
08/15/2027
3.2993.914
2,569.48 371,429.30 385,202.87
387,772.35
382,359.96384,929.44
91282CAL5UNITED STATES TREASURYUS GOV
3.325% Fixed N 1.310 AA+
Aa1
425,000.00 09/30/2027
09/30/2027
3.9243.920
269.98 359,158.20 405,646.44
405,916.42
405,534.67405,804.65
91282CFM8UNITED STATES TREASURYUS GOV
1.489% Fixed N 1.283 AA+
Aa1
180,000.00 09/30/2027
09/30/2027
4.1683.943
1,257.79 179,690.63 179,900.77
181,158.55
180,414.84181,672.63
91282CFZ9UNITED STATES TREASURYUS GOV
4.378% Fixed N 1.421 AA+
Aa1
535,000.00 11/30/2027
11/30/2027
3.6023.972
56.64 541,415.82 537,114.15
537,170.79
534,247.66534,304.30
91282CBB6UNITED STATES TREASURYUS GOV
2.885% Fixed N 1.548 AA+
Aa1
370,000.00 12/31/2027
12/31/2027
4.2273.972
970.99 312,635.55 349,844.89
350,815.89
351,116.99352,087.99
91282CGH8UNITED STATES TREASURYUS GOV
3.126% Fixed N 1.591 AA+
Aa1
380,000.00 01/31/2028
01/31/2028
3.8143.986
4,445.58 377,892.19 378,083.35
382,528.93
377,023.83381,469.41
91282CMS7UNITED STATES TREASURYUS GOV
0.989% Fixed N 1.706 AA+
Aa1
120,000.00 03/15/2028
03/15/2028
3.6753.987
985.60 120,642.19 120,411.55
121,397.15
119,763.28120,748.88
91282CBS9UNITED STATES TREASURYUS GOV
1.954% Fixed N 1.784 AA+
Aa1
250,000.00 03/31/2028
03/31/2028
3.6733.988
529.37 223,007.81 239,374.80
239,904.17
237,973.63238,503.00
91282CHA2UNITED STATES TREASURYUS GOV
1.181% Fixed N 1.833 AA+
Aa1
145,000.00 04/30/2028
04/30/2028
4.2684.000
441.30 140,259.18 142,975.06
143,416.36
143,668.95144,110.25
91282CCE9UNITED STATES TREASURYUS GOV
0.582% Fixed N 1.935 AA+
Aa1
75,000.00 05/31/2028
05/31/2028
4.0773.995
2.56 65,619.14 70,972.98
70,975.54
71,069.8271,072.39
91282CCE9UNITED STATES TREASURYUS GOV
1.941% Fixed N 1.935 AA+
Aa1
250,000.00 05/31/2028
05/31/2028
4.2773.995
8.54 217,333.98 235,659.98
235,668.52
236,899.41236,907.95
91282CNH0UNITED STATES TREASURYUS GOV
2.912% Fixed N 1.915 AA+
Aa1
350,000.00 06/15/2028
06/15/2028
3.8734.007
6,259.62 350,000.00 350,000.00
356,259.62
349,097.66355,357.27
91282CHK0UNITED STATES TREASURYUS GOV
1.041% Fixed N 1.953 AA+
Aa1
125,000.00 06/30/2028
06/30/2028
4.3084.006
2,099.45 123,330.08 124,242.05
126,341.49
124,980.47127,079.92
91282CCH2UNITED STATES TREASURYUS GOV
2.142% Fixed N 2.016 AA+
Aa1
275,000.00 06/30/2028
06/30/2028
4.3223.995
1,443.37 238,498.05 258,372.63
259,816.00
260,014.65261,458.02
91282CHK0UNITED STATES TREASURYUS GOV
0.833% Fixed N 1.953 AA+
Aa1
100,000.00 06/30/2028
06/30/2028
4.1584.006
1,679.56 99,378.91 99,688.72
101,368.28
99,984.38
101,663.93
91282CNU1UNITED STATES TREASURYUS GOV
1.232% Fixed N 2.086 AA+
Aa1
150,000.00 08/15/2028
08/15/2028
3.8134.012
1,592.20 149,361.33 149,406.11
150,998.30
148,775.39150,367.59
91282CCV1UNITED STATES TREASURYUS GOV
1.157% Fixed N 2.183 AA+
Aa1
150,000.00 08/31/2028
08/31/2028
4.8404.008
426.46 125,929.69 138,275.27
138,701.73
140,759.77141,186.23
91282CCV1UNITED STATES TREASURYUS GOV
0.964% Fixed N 2.183 AA+
Aa1
125,000.00 08/31/2028
08/31/2028
4.6804.008
355.38 106,005.86 115,630.27
115,985.65
117,299.80117,655.19
Security Type GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 19 Identifier,
Description,Security Type
% of MarketValue +Accrued
Coupon Type Callab
le
Duration S&P
Rating,Moody'sRating
Ending Current Units Ending
EffectiveMaturity,Final Maturity
Book
Yield,
Yield
Ending Accrued
Balance
Original Cost Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
91282CCY5UNITED STATES TREASURYUS GOV
0.887% Fixed N 2.261 AA+
Aa1
115,000.00 09/30/2028
09/30/2028
4.1704.019
243.51 100,494.73 107,618.48
107,861.99
107,956.25108,199.76
912810FF0UNITED STATES TREASURYUS GOV
1.056% Fixed N 2.293 AA+
Aa1
125,000.00 11/15/2028
11/15/2028
4.1274.019
303.16 131,210.94 128,244.93
128,548.09
128,569.34128,872.49
9128285M8UNITED STATES TREASURYUS GOV
0.964% Fixed N 2.338 AA+
Aa1
120,000.00 11/15/2028
11/15/2028
3.7404.028
173.23 117,581.25 118,285.25
118,458.49
117,482.81117,656.05
91282CDP3UNITED STATES TREASURYUS GOV
0.771% Fixed N 2.485 AA+
Aa1
100,000.00 12/31/2028
12/31/2028
3.8024.030
577.35 89,226.56 94,090.62
94,667.97
93,535.1694,112.50
91282CDW8UNITED STATES TREASURYUS GOV
0.894% Fixed N 2.556 AA+
Aa1
115,000.00 01/31/2029
01/31/2029
4.1224.038
672.69 103,028.32 108,182.60
108,855.28
108,391.99109,064.68
91282CDW8UNITED STATES TREASURYUS GOV
1.360% Fixed N 2.556 AA+
Aa1
175,000.00 01/31/2029
01/31/2029
4.3534.038
1,023.65 155,374.02 163,654.45
164,678.10
164,944.34165,967.99
91282CKD2UNITED STATES TREASURYUS GOV
0.833% Fixed N 2.553 AA+
Aa1
100,000.00 02/28/2029
02/28/2029
4.0994.045
1,074.05 100,671.87 100,388.59
101,462.63
100,523.44101,597.49
91282CKD2UNITED STATES TREASURYUS GOV
0.624% Fixed N 2.553 AA+
Aa1
75,000.00 02/28/2029
02/28/2029
4.3294.045
805.54 74,739.26 74,848.81
75,654.34
75,392.5876,198.11
91282CEE7UNITED STATES TREASURYUS GOV
1.258% Fixed N 2.695 AA+
Aa1
160,000.00 03/31/2029
03/31/2029
4.6724.040
643.72 144,012.50 150,363.69
151,007.41
152,918.75153,562.47
91282CKG5UNITED STATES TREASURYUS GOV
0.827% Fixed N 2.638 AA+
Aa1
100,000.00 03/31/2029
03/31/2029
4.3134.047
698.77 99,183.59 99,503.14
100,201.92
100,203.13100,901.90
91282CES6UNITED STATES TREASURYUS GOV
0.987% Fixed N 2.806 AA+
Aa1
125,000.00 05/31/2029
05/31/2029
4.3124.047
9.39 116,333.01 119,566.19
119,575.59
120,454.10120,463.49
91282CES6UNITED STATES TREASURYUS GOV
0.671% Fixed N 2.806 AA+
Aa1
85,000.00 05/31/2029
05/31/2029
4.3284.047
6.39 79,126.37 81,266.33
81,272.72
81,908.7981,915.18
91282CKT7UNITED STATES TREASURYUS GOV
1.659% Fixed N 2.729 AA+
Aa1
200,000.00 05/31/2029
05/31/2029
3.8544.058
24.59 205,632.81 203,624.39
203,648.98
202,476.56202,501.15
91282CKX8UNITED STATES TREASURYUS GOV
1.048% Fixed N 2.821 AA+
Aa1
125,000.00 06/30/2029
06/30/2029
3.6034.060
2,230.66 128,540.04 127,335.97
129,566.63
125,678.71127,909.37
91282CLC3UNITED STATES TREASURYUS GOV
0.829% Fixed N 2.915 AA+
Aa1
100,000.00 07/31/2029
07/31/2029
3.9214.062
1,337.02 100,234.37 100,230.53
101,567.55
99,812.50
101,149.52
912828YB0UNITED STATES TREASURYUS GOV
1.528% Fixed N 3.066 AA+
Aa1
200,000.00 08/15/2029
08/15/2029
3.5844.038
951.66 182,398.44 188,235.30
189,186.96
185,578.13186,529.78
91282CFL0UNITED STATES TREASURYUS GOV
1.394% Fixed N 3.082 AA+
Aa1
170,000.00 09/30/2029
09/30/2029
4.1324.072
1,115.92 168,067.58 168,652.33
169,768.25
168,957.42170,073.34
91282CLR0UNITED STATES TREASURYUS GOV
1.523% Fixed N 3.152 AA+
Aa1
185,000.00 10/31/2029
10/31/2029
4.0914.081
663.59 185,267.38 185,196.12
185,859.71
185,252.93185,916.52
91282CFT3UNITED STATES TREASURYUS GOV
0.697% Fixed N 3.157 AA+
Aa1
85,000.00 10/31/2029
10/31/2029
4.4604.076
295.65 83,319.92 83,774.44
84,070.10
84,794.1485,089.79
912828YS3UNITED STATES TREASURYUS GOV
0.911% Fixed N 3.301 AA+
Aa1
120,000.00 11/15/2029
11/15/2029
4.0564.061
97.01 107,718.75 111,165.89
111,262.91
111,126.56111,223.57
91282CMA6UNITED STATES TREASURYUS GOV
1.641% Fixed N 3.169 AA+
Aa1
200,000.00 11/30/2029
11/30/2029
4.3164.081
22.54 198,343.75 198,771.59
198,794.13
200,281.25200,303.79
Security Type GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 20 Summary
Identifier,Description,Security Type
% of MarketValue +Accrued
Coupon Type Callab
le
Duration S&P
Rating,Moody'sRating
Ending Current Units Ending
EffectiveMaturity,Final Maturity
Book
Yield,
Yield
Ending Accrued
Balance
Original Cost Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
91282CFY2UNITED STATES TREASURYUS GOV
1.750% Fixed N 3.183 AA+
Aa1
215,000.00 11/30/2029
11/30/2029
3.9884.083
22.76 213,950.20 214,214.34
214,237.10
213,555.47213,578.23
91282CMG3UNITED STATES TREASURYUS GOV
1.880% Fixed N 3.327 AA+
Aa1
225,000.00 01/31/2030
01/31/2030
3.9644.094
3,196.31 227,794.92 227,176.97
230,373.28
226,177.73229,374.04
912828Z94UNITED STATES TREASURYUS GOV
0.901% Fixed N 3.534 AA+
Aa1
120,000.00 02/15/2030
02/15/2030
4.0024.076
527.07 106,635.94 109,753.22
110,280.29
109,439.06109,966.13
91282CMU2UNITED STATES TREASURYUS GOV
2.056% Fixed N 3.503 AA+
Aa1
250,000.00 03/31/2030
03/31/2030
3.9254.094
1,693.99 250,800.78 250,657.34
252,351.33
249,160.16250,854.15
91282CMZ1UNITED STATES TREASURYUS GOV
1.223% Fixed N 3.590 AA+
Aa1
150,000.00 04/30/2030
04/30/2030
3.9324.102
505.43 149,625.00 149,691.95
150,197.39
148,775.39149,280.83
91282CGZ8UNITED STATES TREASURYUS GOV
1.448% Fixed N 3.611 AA+
Aa1
180,000.00 04/30/2030
04/30/2030
3.6944.101
547.83 178,509.38 178,740.75
179,288.58
176,111.72176,659.54
912828ZQ6UNITED STATES TREASURYUS GOV
1.075% Fixed N 3.836 AA+
Aa1
150,000.00 05/15/2030
05/15/2030
3.9324.095
43.31 127,910.16 131,999.08
132,042.38
131,138.67131,181.98
91282CNG2UNITED STATES TREASURYUS GOV
1.918% Fixed N 3.594 AA+
Aa1
235,000.00 05/31/2030
05/31/2030
3.8394.105
25.68 236,670.70 236,387.92
236,413.60
234,100.39234,126.07
91282CNN7UNITED STATES TREASURYUS GOV
1.028% Fixed N 3.767 AA+
Aa1
125,000.00 07/31/2030
07/31/2030
3.6914.109
1,619.04 126,005.86 125,882.18
127,501.23
123,881.84125,500.88
91282CAE1UNITED STATES TREASURYUS GOV
1.281% Fixed N 4.071 AA+
Aa1
180,000.00 08/15/2030
08/15/2030
3.7174.105
329.42 154,975.78 158,509.98
158,839.40
155,974.22156,303.64
91282CNX5UNITED STATES TREASURYUS GOV
2.231% Fixed N 3.865 AA+
Aa1
275,000.00 08/31/2030
08/31/2030
3.7104.119
2,519.28 273,968.75 274,094.07
276,613.34
269,736.33272,255.60
91282CJG7UNITED STATES TREASURYUS GOV
1.695% Fixed N 3.942 AA+
Aa1
200,000.00 10/31/2030
10/31/2030
3.8224.126
847.83 209,031.25 208,477.02
209,324.85
205,992.19206,840.01
91282CAV3UNITED STATES TREASURYUS GOV
1.247% Fixed N 4.289 AA+
Aa1
175,000.00 11/15/2030
11/15/2030
3.6684.116
70.74 153,042.97 155,083.39
155,154.13
152,092.77152,163.51
91282CAV3UNITED STATES TREASURYUS GOV
1.425% Fixed N 4.289 AA+
Aa1
200,000.00 11/15/2030
11/15/2030
3.7174.116
80.84 174,968.75 176,869.10
176,949.94
173,820.31173,901.15
91282CJM4UNITED STATES TREASURYUS GOV
1.449% Fixed N 3.971 AA+
Aa1
175,000.00 11/30/2030
11/30/2030
3.6784.128
20.92 180,516.60 180,011.61
180,032.53
176,763.67176,784.59
91282CPW5UNITED STATES TREASURYUS GOV
2.450% Fixed N 4.189 AA+
Aa1
300,000.00 01/31/2031
01/31/2031
3.6464.129
3,760.36 301,382.81 301,323.15
305,083.51
295,195.31298,955.67
91282CBL4UNITED STATES TREASURYUS GOV
1.364% Fixed N 4.487 AA+
Aa1
190,000.00 02/15/2031
02/15/2031
3.9144.113
625.90 166,695.31 167,421.52
168,047.42
165,886.33166,512.23
91282CKN0UNITED STATES TREASURYUS GOV
0.840% Fixed N 4.358 AA+
Aa1
100,000.00 04/30/2031
04/30/2031
4.0294.145
402.17 102,667.97 102,630.90
103,033.08
102,113.28102,515.46
---UNITED STATES TREASURYUS GOV
86.566% Fixed N 2.625 AA+
Aa1
10,820,000.00 03/23/2029
03/23/2029
3.9334.036
58,068.56 10,308,191.62 10,542,863.33
10,600,931.89
10,506,097.5610,564,166.12
Security Type GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 21 * Grouped by: Security Type. * Groups Sorted by: Security Type. * Filtered By: Description ≠ "Payable" and Description ≠ "Receivable". * Weighted by: Ending Market Value + Accrued, except Book Yield by Base Book Value + Accrued.
Identifier,Description,Security Type
% of MarketValue +Accrued
Coupon Type Callab
le
Duration S&P
Rating,Moody'sRating
Ending Current Units Ending
EffectiveMaturity,Final Maturity
Book
Yield,
Yield
Ending Accrued
Balance
Original Cost Ending Book Value,
Book Value + Accrued
Market Value,
Ending Market Value +
Accrued
---------
100.000% Fixed --- 2.447 AA
Aa2
12,445,254.13 01/12/2029
01/12/2029
3.9834.031
69,195.06 11,938,230.50 12,169,074.97
12,238,270.03
12,134,455.7512,203,650.81
Security Type GASB 40 Trade Date San Jacinto, City of (66779)As of 05/31/2026 Return to Table of Contents Dated: 06/02/2026 22 Identifier,
Description,Security Type
Interest/
Dividend
Received
Transfers In/Out Purchases Purchased
Accrued
Income
Sales Disposed Accrued Maturities and
Redemptions
Paydowns Net Realized
Gain/Loss
Beginning Original
Cost,
Ending Original Cost
Beginning Market
Value,
Ending Market Value
31846V203FIRST AMER:GVT OBLG YMMFUND
276.54 0.00 138,322.22 0.00 -129,948.00 0.00 0.00 0.00 0.00 116,879.91 125,254.13
116,879.91125,254.13
CCYUSDReceivableCASH
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 276.53
36,964.22
276.53
36,964.22
91282CET4UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 -197,539.06 -2,235.58 0.00 0.00 -1,565.45 196,085.94
0.00 197,535.16
0.00 91282CEW7UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 136,181.25 136,181.25
134,140.43134,066.60
9128282R0UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 371,429.30 371,429.30
382,154.30382,359.96
91282CAL5UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 359,158.20 359,158.20
404,895.51405,534.67
91282CFZ9UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 541,415.82 541,415.82
534,968.65534,247.66
91282CBB6UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 312,635.55 312,635.55
350,726.76351,116.99
91282CBS9UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 223,007.81 223,007.81
237,929.69237,973.63
20772KTJ8CONNECTICUT STMUNI
1,515.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 61,152.00 61,152.00
60,696.4160,619.95
91282CFM8UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 179,690.63 179,690.63
180,643.36180,414.84
91282CCE9UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 65,619.14
65,619.14
71,071.2971,069.82
91282CHE4UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 -113,872.46 -1,958.40 0.00 0.00 -216.34 112,906.64
0.00 114,393.55
0.00 91282CCE9UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 217,333.98 217,333.98
236,904.30236,899.41
91282CHA2UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 140,259.18 140,259.18
143,926.66143,668.95
91282CHK0UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 123,330.08 123,330.08
125,297.85124,980.47
91282CCH2UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 238,498.05 238,498.05
260,057.62260,014.65
91282CCV1UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 125,929.69 125,929.69
140,800.78140,759.77
91282CCV1UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 106,005.86 106,005.86
117,333.98117,299.80
912810FF0UNITED STATES TREASURYUS GOV
3,281.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 131,210.94 131,210.94
129,086.91128,569.34
91282CCY5UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100,494.73 100,494.73
108,041.60107,956.25
Portfolio Activity Summary San Jacinto, City of (66779)05/01/2026 - 05/31/2026 Return to Table of Contents Dated: 06/02/2026 23 Identifier,
Description,Security Type
Interest/
Dividend
Received
Transfers In/Out Purchases Purchased
Accrued
Income
Sales Disposed Accrued Maturities and
Redemptions
Paydowns Net Realized
Gain/Loss
Beginning Original
Cost,
Ending Original Cost
Beginning Market
Value,
Ending Market Value
419792M37HAWAII STMUNI
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25,510.25
25,510.25
25,546.0925,469.22
419792M29HAWAII STMUNI
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,168.30
10,168.30
10,148.3010,130.11
91282CDP3UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 89,226.56
89,226.56
93,671.8893,535.16
91282CHK0UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 99,378.91
99,378.91
100,238.28
99,984.38
91282CDW8UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 103,028.32 103,028.32
108,576.17108,391.99
91282CKD2UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100,671.87 100,671.87
100,898.44100,523.44
91282CDW8UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 155,374.02 155,374.02
165,224.61164,944.34
91282CKD2UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 74,739.26
74,739.26
75,673.8375,392.58
91282CEE7UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 144,012.50 144,012.50
153,281.25152,918.75
69371RT22PACCAR FINANCIAL CORPCORP
1,125.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44,965.35 44,965.35
45,477.5045,436.70
14913UAL4CATERPILLAR FINANCIAL SERVICESCORPCORP
2,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 79,912.00 79,912.00
80,868.3780,780.18
91282CES6UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 116,333.01 116,333.01
120,786.13120,454.10
91282CKG5UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 99,183.59
99,183.59
100,574.22100,203.13
91282CES6UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 79,126.37
79,126.37
82,134.5781,908.79
91282CKT7UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 205,632.81 205,632.81
203,335.94202,476.56
912828YB0UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 182,398.44 182,398.44
185,992.19185,578.13
91282CKX8UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 128,540.04 128,540.04
126,206.05125,678.71
91282CFL0UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 168,067.58 168,067.58
169,614.84168,957.42
912828YS3UNITED STATES TREASURYUS GOV
1,050.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 107,718.75 107,718.75
111,445.31111,126.56
91282CLR0UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 185,267.38 185,267.38
186,055.08185,252.93
24422EXZ7JOHN DEERE CAPITAL CORPCORP
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 114,965.50 114,965.50
116,104.40115,843.85
Portfolio Activity Summary San Jacinto, City of (66779)05/01/2026 - 05/31/2026 Return to Table of Contents Dated: 06/02/2026 24 Identifier,
Description,Security Type
Interest/
Dividend
Received
Transfers In/Out Purchases Purchased
Accrued
Income
Sales Disposed Accrued Maturities and
Redemptions
Paydowns Net Realized
Gain/Loss
Beginning Original
Cost,
Ending Original Cost
Beginning Market
Value,
Ending Market Value
91282CFT3UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 83,319.92
83,319.92
85,142.7784,794.14
91282CMA6UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 198,343.75 198,343.75
201,148.44200,281.25
69371RT63PACCAR FINANCIAL CORPCORP
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 49,969.50
49,969.50
50,431.3850,341.23
91282CFY2UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 213,950.20 213,950.20
214,445.70213,555.47
912828Z94UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 106,635.94 106,635.94
109,725.00109,439.06
91282CMG3UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 227,794.92 227,794.92
227,206.05226,177.73
91282CMS7UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 120,642.19 120,642.19
119,976.56119,763.28
9128285M8UNITED STATES TREASURYUS GOV
1,875.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 117,581.25 117,581.25
117,759.38117,482.81
91282CMU2UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 250,800.78 250,800.78
250,253.91249,160.16
912828ZQ6UNITED STATES TREASURYUS GOV
468.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 127,910.16 127,910.16
131,373.05131,138.67
91282CNG2UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 236,670.70 236,670.70
235,183.59234,100.39
91282CNL1UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 -59,962.50 -770.72 0.00 0.00 95.23 124,545.90 64,763.87
124,899.90
64,892.09
91282CMZ1UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 149,625.00 149,625.00
149,449.22148,775.39
91282CGZ8UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 178,509.38 178,509.38
176,857.03176,111.72
91282CAE1UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 154,975.78 154,975.78
156,318.75155,974.22
24422EXD6JOHN DEERE CAPITAL CORPCORP
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 64,953.85
64,953.85
65,301.2765,229.14
419792L95HAWAII STMUNI
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15,000.00
15,000.00
15,052.9815,041.28
91282CNN7UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 126,005.86 126,005.86
124,443.36123,881.84
91282CNX5UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 273,968.75 273,968.75
270,896.48269,736.33
14913UBD1CATERPILLAR FINANCIAL SERVICESCORPCORP
1,678.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 84,954.95 84,954.95
84,623.2784,468.16
023135CS3AMAZON.COM INCCORP
2,632.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 134,970.30 134,970.30
134,134.59134,067.52
Portfolio Activity Summary San Jacinto, City of (66779)05/01/2026 - 05/31/2026 Return to Table of Contents Dated: 06/02/2026 25 Identifier,
Description,Security Type
Interest/
Dividend
Received
Transfers In/Out Purchases Purchased
Accrued
Income
Sales Disposed Accrued Maturities and
Redemptions
Paydowns Net Realized
Gain/Loss
Beginning Original
Cost,
Ending Original Cost
Beginning Market
Value,
Ending Market Value
89236TLD5TOYOTA MOTOR CREDIT CORPCORP
3,375.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 128,762.50 128,762.50
125,969.04125,827.26
69371RT55PACCAR FINANCIAL CORPCORP
787.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 34,970.25 34,970.25
35,088.8735,089.80
91282CJM4UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 180,516.60 180,516.60
177,625.00176,763.67
91282CAV3UNITED STATES TREASURYUS GOV
765.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 153,042.97 153,042.97
152,461.91152,092.77
91282CAV3UNITED STATES TREASURYUS GOV
875.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 174,968.75 174,968.75
174,242.19173,820.31
91282CJG7UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 209,031.25 209,031.25
207,085.94205,992.19
532457CJ5ELI LILLY AND COCORP
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 179,904.60 179,904.60
180,708.55180,612.37
02079KBJ5ALPHABET INCCORP
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 79,709.60
79,709.60
79,125.1878,954.38
13063D3N6CALIFORNIA STMUNI
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 120,000.00 120,000.00
121,031.40120,856.35
91282CPW5UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 301,382.81 301,382.81
296,601.56295,195.31
023135DC7AMAZON.COM INCCORP
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 79,991.20
79,991.20
79,452.5279,426.43
89236TPQ2TOYOTA MOTOR CREDIT CORPCORP
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 64,976.60
64,976.60
64,585.0964,511.78
91282CKE0UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 -30,132.42 -173.23 0.00 0.00 198.65 29,799.61
0.00 30,132.42
0.00 91282CEF4UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 -79,112.50 -185.79 0.00 0.00 -687.71 78,971.88
0.00 79,112.50
0.00 91282CNU1UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 149,361.33 149,361.33
149,132.81148,775.39
91282CBL4UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 166,695.31 166,695.31
166,346.48165,886.33
91282CGH8UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 377,892.19 377,892.19
377,550.78377,023.83
91282CKJ9UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 -90,622.27 -210.25 0.00 0.00 -53.89 91,803.52
0.00 90,620.51
0.00 91282CEN7UNITED STATES TREASURYUS GOV
0.00 0.00 0.00 0.00 -99,007.81 -29.89 0.00 0.00 -447.31 97,574.22
0.00 98,998.05
0.00 91282CKN0UNITED STATES TREASURYUS GOV
0.00 0.00 102,667.97 -50.27 0.00 0.00 0.00 0.00 0.00 0.00 102,667.97
0.00 102,113.28
91282CLC3UNITED STATES TREASURYUS GOV
0.00 0.00 100,234.37 -1,027.62 0.00 0.00 0.00 0.00 0.00 0.00 100,234.37
0.00 99,812.50
Portfolio Activity Summary San Jacinto, City of (66779)05/01/2026 - 05/31/2026 Return to Table of Contents Dated: 06/02/2026 26 * Weighted by: Ending Market Value + Accrued. * Holdings Displayed by: Lot.
Identifier,Description,Security Type
Interest/
Dividend
Received
Transfers In/Out Purchases Purchased
Accrued
Income
Sales Disposed Accrued Maturities and
Redemptions
Paydowns Net Realized
Gain/Loss
Beginning Original
Cost,
Ending Original Cost
Beginning Market
Value,
Ending Market Value
91282CNH0UNITED STATES TREASURYUS GOV
0.00 0.00 350,000.00 -5,216.35 0.00 0.00 0.00 0.00 0.00 0.00 350,000.00
0.00 349,097.66
58933YCE3MERCK & CO INCCORP
0.00 0.00 129,948.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 129,948.00
0.00 130,398.36
---------
21,705.92 0.00 821,172.56 -6,294.24 -800,197.02 -5,563.86 0.00 0.00 -2,676.82 11,914,206.31 11,975,194.72
12,140,108.2012,171,419.98
Portfolio Activity Summary San Jacinto, City of (66779)05/01/2026 - 05/31/2026 Return to Table of Contents Dated: 06/02/2026 27 Additional Disclosure:
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TO: City Council
REQUESTED
BY:
Tom Prill, Deputy City Manager
APPROVED
BY:
Travis Randel, Interim City Manager
SUBJECT: Resolution Approving San Jacinto Power 2026 Integrated Resource Plan RECOMMENDATION:
Staff recommends that the City Council ADOPT Resolution No. 4142, approving the San Jacinto Power 2026 Integrated Resource Plan.
DISCUSSION:
The City’s Community Choice Aggregation (CCA) Program, San Jacinto Power (SJP), was established by the City Council through the adoption of Ordinance 16-12 on December 6, 2016 and began serving customers in April 2018.
Senate Bill (SB) 350, approved by the Governor on October 7, 2015, added Public Utilities Code Section 454.52, which established the requirement for load-serving entities, including CCAs, to file an Integrated Resource Plan (IRP) with the California Public Utilities Commission (CPUC).
Applicable clean energy targets have been updated by subsequent legislation. SB 100 (De León, Chapter 312, Statutes of 2018) increased the Renewables Portfolio Standard (RPS) to 60% by 2030 and established the goal of 100% clean electricity by 2045. SB 1020 (Laird, Chapter 361, Statutes of 2022) added binding interim milestones of 90% clean electricity by 2035 and 95% by 2040. AB 1279 (2022) codified the 2045 statewide carbon neutrality goal. The 2026 IRP reflects this full statutory trajectory.
The IRP establishes a 10-year forward-looking procurement plan and does not commit SJP to specific procurement transactions. The San Jacinto City Council approved its most recent IRP in October 2022. The CPUC consolidated the subsequent planning cycle into a 2024–2026 cycle — completing its Preferred System Plan work in 2024 before opening a new rulemaking in 2025 — and did not require individual Load Serving Entities (LSE) plan filings until 2026. The 2026 IRP now before the City Council is the current required biennial update under that cycle.
California Choice Energy Authority and its energy procurement consultant, on behalf of SJP, prepared the 2026 IRP in accordance with CPUC requirements. The filing consists of three required documents: a Narrative Template, a Resource Data Template (RDT), and a Clean System Power (CSP) Calculator. Consistent with 2026 filing requirements, the IRP identifies SJP’s Preferred Conforming Portfolio — a supply plan demonstrating SJP’s proportional share of California’s statewide greenhouse gas reduction target of 8 million metric tons (MMT) by 2045. A complete copy of the IRP Narrative is on file in the office of the Deputy City Manager and will be posted to the SJP website. The RDT and CSP Calculator contain contract-level detail and are filed with the CPUC under protective order.
Pending City Council’s approval, SJP’s IRP will be submitted to the CPUC by the due date of August 10, 2026.
FISCAL IMPACT:
None.
Attachments
Reso_4142_-_SJP_Integrated_Resource_Plan_2026_-_07-16-26.pdf SJP_Integrated_Resource_Plan_2026.pdf
Resolution No. 4142
STATE OF CALIFORNIA ) RESOLUTION NO. 4142
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SAN JACINTO APPROVING THE SAN JACINTO POWER
2026 INTEGRATED RESOURCE PLAN
WHEREAS, Community Choice Aggregation, authorized by Assembly Bill 117, is a state law that allows cities, counties, and other authorized entities to aggregate electricity demand within their jurisdictions in order to purchase and/or generate alternative energy supplies for residents and businesses within their jurisdiction while maintaining the existing electricity provider for transmission and distribution service; and WHEREAS, on December 6, 2016, City Council adopted Ordinance 16-12, Establishing a Community Choice Aggregation program, San Jacinto Power; and WHEREAS, minor technical, formatting, or clerical corrections to the Integrated Resource Plan may be necessary prior to filing with the California Public Utilities Commission, and the City Council desires to authorize such non-substantive corrections without requiring further Council action; and
WHEREAS, Senate Bill (SB) 350, approved October 7, 2015, added Public Utilities Code Section 454.52, establishing a requirement for Community Choice Aggregation Programs to develop an Integrated Resource Plan and submit it to the California Public Utilities Commission (CPUC) for certification; and
WHEREAS, subsequent legislation has updated the clean energy requirements applicable to the SJP Integrated Resource Plan, including SB 100 (De León, Chapter 312, Statutes of 2018), which established a goal of 60% renewable energy by 2030 and 100% clean electricity by 2045; SB 1020 (Laird, Chapter 361, Statutes of 2022), which added binding interim milestones of 90% clean electricity by 2035 and 95% by 2040; and AB 1279 (2022), which codified the 2045 statewide carbon neutrality goal; and WHEREAS, the CPUC’s IRP planning cycle was consolidated into a 2024–2026 cycle, with individual load-serving entity plan filings due in 2026 under CPUC Rulemaking R.25-06-019; the last SJP IRP was approved by the City Council in October 2022, and the 2026 IRP is the current required biennial update under that consolidated cycle; and WHEREAS, California Choice Energy Authority and its energy procurement consultant have prepared the SJP 2026 Integrated Resource Plan in accordance with CPUC requirements, including the preparation of a Narrative Template, Resource Data Template, and Clean System Power Calculator, and the identification of SJP’s Preferred Conforming Portfolio consistent with California’s statewide greenhouse gas reduction goals.
Resolution No. 4142
33467409v1 Page 2 of 3
NOW THEREFORE, BE IT RESOLVED, determined and ordered by the City Council of the City of San Jacinto, California, as follows:
SECTION 1. The foregoing recitals are true and correct.
SECTION 2. That the Integrated Resource Plan for San Jacinto Power has been developed in compliance with Senate Bill 350, Senate Bill 100, Senate Bill 1020, Assembly Bill 1279, and California Public Utilities Commission direction under Rulemaking R.25-06-019, and is hereby approved.
SECTION 3. This resolution shall take effect immediately upon its adoption.
PASSED, APPROVED, and ADOPTED at a Regular Meeting of the City Council on the 21st day of July, 2026, by the following vote:
AYES:
NAYS:
ABSTAIN:
ABSENT:
CITY OF SAN JACINTO:
_____________________________
Crystal Ruiz, Mayor
ATTEST:
_____________________________________
Julia Espinoza, City Clerk
APPROVED AS TO FORM:
BEST BEST & KRIEGER LLP
_____________________________________
Craig Hayes, City Attorney
Resolution No. 4142
33467409v1 Page 3 of 3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
CERTIFICATION
I, Julia Espinoza, duly appointed City Clerk of the City of San Jacinto, do hereby certify that the foregoing Resolution No. 4142 was duly passed, approved, and adopted at a Regular Meeting of the City Council of the City of San Jacinto on the 21st day of July, 2026, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
WITNESS MY HAND AND OFFICIAL SEAL this 21st day of July, 2026. _________________________
Julia Espinoza, City Clerk
City of San Jacinto
Standard LSE Plan
SAN JACINTO POWER
2026 INTEGRATED RESOURCE PLAN
AUGUST 10, 2026
1 Table of Contents
I. Executive Summary.....................................................................................................................3 II. Study Design .................................................................................................................................3 a. Objectives....................................................................................................................................6 b. Methodology.............................................................................................................................6 i. Modeling Tool(s)..................................................................................................................6 ii. Modeling Approach.......................................................................................................6 iii. Alternative Assumptions..............................................................................................6 III. Study Results .............................................................................................................................6 a. Conforming and Alternative Portfolios ..........................................................................7 b. Preferred Conforming Portfolio.........................................................................................7 c. GHG Emissions Results..........................................................................................................8 d. Local Air Pollutant Minimization and Disadvantaged Communities ............9 i. Local Air Pollutants .............................................................................................................9 ii. Focus on Disadvantaged Communities.................................................................9 e. Cost and Rate Analysis ........................................................................................................10 f. System Reliability Analysis.................................................................................................13 h. Hydro Generation Risk Management ...........................................................................13 i. Long-Duration Storage Planning....................................................................................13 j. Clean Firm Power Planning ...............................................................................................14 k. Non-CAISO, including Out-of-State, Wind Planning.............................................14 l. Offshore Wind Planning .....................................................................................................14 m. Transmission Planning ....................................................................................................15 IV. Action Plan................................................................................................................................17 a. Proposed Procurement Activities and Potential Barriers .....................................18 i. Resources to meet IRP mandated procurement requirements, including D.21-06-035 and D.23-02-040:............................................................................................18 ii. Plans for resources that are currently non-candidate in CPUC’s IRPs not described above.........................................................................................................................18 2 iii. Other renewable and/or zero carbon resources not described above .18 iv. Other energy storage not described above......................................................18 v. Other demand response not described above ................................................18 vi. Other energy efficiency not described above ..................................................18 vii. Other distributed generation not described above.......................................18 viii. Transportation electrification, including any investments that correspond to different levels than what is included in Integrated Energy Policy Report (IEPR)..................................................................................................................18 ix. Building electrification, including any investments that correspond to different levels than what is included in Integrated Energy Policy Report (IEPR)18
x. Potential Centralized Procurement, pursuant to AB-1373..............................18 xi. Other...................................................................................................................................18 b. Disadvantaged Communities (DACs)............................................................................19 c. LSEs’ Tribal Customers.........................................................................................................19 d. Procurement Products ....................................................................................................19 e. Commission Direction of Actions ...................................................................................19 V. Lessons Learned.........................................................................................................................20 Glossary of Terms ...............................................................................................................................21 3 I. Introduction and Executive Summary
Description of SJP
The City of San Jacinto is a municipal corporation and charter city organized and operated under the laws of the State of California. The City of San Jacinto is governed by, and accountable to, representatives elected by its citizens. The City of San Jacinto operates numerous programs for the benefit of its citizens, including San Jacinto Power (“SJP”).
SJP was formed by the San Jacinto City Council on December 6, 2016, through Ordinance 16-12 and began serving load in April 2018. SJP currently provides retail electric generation services and complementary energy programs to customers within the municipal boundaries of the City of San Jacinto. SJP launched as the City’s Community Choice Aggregation (“CCA”) program for the purposes of promoting local control and local economic benefits as well as offering participating customers competitive and stable rates.
Figure 1: Service Area Map
SJP currently serves approximately 14,100 residential accounts and 1,600 commercial and industrial accounts. SJP provides retail generation service to a variety of customer classes, including residential, small and medium commercial accounts, large industrial consumers, and agricultural and pumping facilities. SJP’s service area has a population of approximately 56,174, the majority of which live in households or work at businesses that receive generation service from SJP. In 2025, SJP had a peak load of 65 MW, and a total energy usage of 162 GWh.
SJP has pursued CCA implementation activities under a shared service model, which means SJP has joined together with other, regionally located and city specific CCA programs to promote administrative efficiencies by outsourcing many operational and technical services typically required for CCA 4 administration and operation. The California Choice Energy Authority, or CalChoice, is the organization selected by SJP to provide requisite services, including resource planning and procurement activities.
Key decisions of SJP, including rate setting, retail supply portfolio composition, disposition of financial reserves, and administration of complementary programs, are addressed by the San Jacinto City Council with supporting input from SJP staff and CalChoice personnel. Due to the relatively small size of the City of San Jacinto (both in terms of population and retail sales), meaningful San Jacinto administrative efficiencies have been achieved through joint solicitation/procurement administration through CalChoice. By partnering with CalChoice, SJP has been able to establish and pursue objectives and key parameters that are directly responsive to the unique constituents and interests within the City of San Jacinto.
SJP’s Mission
SJP was formed for the express purpose of empowering the city to choose the generation resources that reflect its specific values, needs and cost preferences. More specifically, SJP seeks to provide reliable electric service, within the city, at competitive rates when compared to those rates offered by the incumbent electric utility and also prioritizes local control, economic development and environmental stewardship within the City of San Jacinto. Consistent with Public Utilities Code Sections 366.2(a)(5) and 454.52 (b)(3),1 all procurement by SJP, including the portfolios set forth in this Integrated Resource Plan (“IRP”), must comply with policy direction provided from SJP’s governing board, which is comprised of the City of San Jacinto Council.
Introduction to SJP’s IRP
In accordance with the requirements of California Public Utilities Code (“PUC”) Sections 454.51 and 454.52 and California Public Utilities Commission (“Commission” or “CPUC”) Decision (“D.”) 18-02-018, D.22-02-004, Administrative Law Judge’s Ruling Setting Requirements for Individual Integrated Resource Plans Due June 1, 2026,
2 Email Ruling Granting Joint Request for Extension of Load Serving Entity (“LSE”) Integrated Resource Plan (“IRP”) Filings,
3 and guidance provided by the Commission’s Energy Division,4 SJP is providing its LSE-specific IRP to the Commission for certification and use in the Commission’s statewide planning process.
In addition to this narrative, SJP’s IRP includes the following documents:
• SJP’s Resource Data Template
1 All further citations to statute are to the California Public Utilities Code unless otherwise noted.
2 Rulemaking (“R.”) 25-06-019, Administrative Law Judge’s Setting Requirements for Individual Integrated Resource Plans Due June 1, 2026, issued on January 1, 2026 ("Final Load Forecast and GHG Benchmark Ruling"), January 16, 2026.
3 R.25-06-019, Email Ruling Granting Joint Request for Extension of Load Serving Entity (“LSE”) Integrated Resource Plan (“IRP”) Filings, March 9, 2026.
4 Energy Division Guidance can be accessed at: https://www.cpuc.ca.gov/-/media/cpucwebsite/divisions/energy-division/documents/integrated-resource-plan-and-long-term-procurementplan-irp-ltpp/2024-2026-irp-cycle-events-and-materials/updated-filing-requirements-overviewdocument.pdf. 5 • SJP’s Clean System Power Calculator
• SJP’s IRP Verification
Projecting resource needs over the planning horizon covered by the IRP is a fluid process and SJP expects changes over time. The future resources identified in SJP’s IRP represent SJP’s current goodfaith projection of the resource mix that will be procured over the IRP planning horizon. Such projections are based on best available information regarding planning directives, SJP policy, resource availability and other key considerations. The resources identified in future iterations of SJP’s IRP may change due to new information and evolving circumstances, and the ultimate resource mix that SJP actually procures (in future years) may differ from what is reflected in this plan due to a number of variables, including availability of supply, technology changes, price of supply, and/or other market or regulatory considerations.
6 Board Council Approval of IRP
In compliance with Public Utilities Code Section 454.52(b)(3), this IRP was formally submitted to the San Jacinto City Council for approval based on the IRP’s compliance with Sections 454.51 and 454.52 (the “IRP Statute”) and all relevant council-adopted procurement requirements of SJP’s governing council.
On [Date], the San Jacinto City Council issued a Resolution which formally approved this IRP and adopted SJP’s Preferred Conforming Portfolio (“PCP”). SJP’s Resolution also made the following determinations regarding SJP’s PCP:
• SJP’s PCP is expected to achieve economic, reliability, environmental, security, and other benefits and performance characteristics that are consistent with the goals set forth in Section 454.52(a)(1)(A-I).
• SJP’s PCP includes a diversified procurement portfolio consisting of both short-term and longterm electricity and electricity-related and demand reduction products. • SJP’s PCP achieves the resource adequacy requirements established pursuant to Public Utilities Code Section 380.
• SJP’s PCP is consistent with the procurement timing, resource mix, and operational attributes of the Commission’s Preferred System Portfolio (“PSP”).
• SJP’s PCP is compliant with all SJP board-adopted procurement directives.
A copy of the final Resolution is available on the City’s website.5 Request for Certification
SJP respectfully requests that the Commission certify this IRP.
As both the Legislature and the Commission have recognized, the Legislature has granted CCAs broad authority to procure resources on behalf of their respective customers, an authority limited only where “other generation procurement arrangements have been expressly authorized by statute.”6Likewise, the Legislature has granted CCAs autonomy in setting their own rates and managing interactions with their customers.7 SJP understands that the Commission has three primary interests in the CCA IRP process:
• Ensuring that CCA IRPs provide requisite procurement information needed by the Commission to develop its statewide plan.8
• Ensuring that CCAs’ current and planned procurement is consistent with the RA requirements established pursuant to PUC Section 380.5.9
• Ensuring that CCAs’ current and planned procurement satisfies the CCA’s share of renewables integration resources identified in the Commission’s PSP, and that the CCA either self-provides or pays for investor-owned utility (“IOU”) procurement to support its share of any renewable integration shortfall.10
SJP has prepared its IRP with these interests in mind, and thanks the Commission for recognizing and preserving CCA procurement autonomy as well as the benefits of a collaborative planning approach with CCA organizations in its certification review of SJP’s IRP. 7 This narrative provides a detailed description of the development and content of SJP’s PCPs, each portfolio’s compliance with applicable requirements, and an action plan detailing SJP’s next steps (to promote conformance with such requirements).
SJP developed its IRP through the following steps:
• SJP compiled data for its existing energy contracts, RA capacity contracts, and its share of capacity for allocated Cost Allocation Mechanism (“CAM”) resources. • For each IRP planning year, SJP identified its short positions relative to known planning targets and its assigned load forecast.
• SJP populated the Resource Data Template with all current contracts. • SJP compiled detailed information on projects for which it is currently negotiating power purchase agreements, including information regarding project status and timing • SJP identified future contracts it expects to secure for new solar, storage, geothermal, and wind generation. SJP prioritized the selection of future resources to ensure that SJP’s overall portfolio of new resources is varied, meets all regulatory goals, meets the goals expressed by SJP’s City Council, and is estimated to minimize costs to customers, subject to applicable mandates. SJP added generic future contracts with existing resources, including large hydroelectric generators, to help fill its remaining open positions.
• SJP used the Commission’s Clean System Power Calculator Tool to check the GHG emissions associated with the resulting portfolio to ensure that these emissions are equivalent to, or slightly less than, SJP’s assigned share of the GHG emissions benchmarks; SJP added planned purchases of RPS qualifying renewable and large hydroelectric energy in sufficient volume to ensure that portfolio emissions were equal to, or slightly less than, SJP’s assigned share of the GHG benchmark.
• SJP identified the resulting portfolio as its PCP
SJP reached the following findings regarding its PCP:
• SJP’s PCP includes the procurement of the following new resources:
o New solar resources totaling 62 MW solar
o New battery storage resources totaling 55 MW
o New wind resources totaling 21 MW
o New geothermal resources totaling 4 MW
• SJP’s PCP provides for the following overall resource mix in 2045:
o 12 GWh of Large Hydro
o 39 GWh of Geothermal
o 68 GWh of Wind
o 178 GWh of Solar
o 96 MWh of Short Duration Battery Storage
o 252 MWh of Long Duration Storage
o 39 MW of Natural Gas/Baseload/Other (Capacity-Only)
• SJP’s PCP conforms to the procurement timing, resource quantities, and general resource attributes identified in the PSP.
8 • SJP’s PCP would have GHG emissions of 0.025 MMT, 0.018 MMT, 0.018 MMT, and 0.010 MMT in 2030, 2035, 2040, and 2045, respectively, which is equivalent to or less than SJP’s assigned GHG benchmarks for those years.
• SJP’s PCP meets all relevant reliability metrics.
• SJP’s PCP provides approximately SJP’s load-proportional share of renewable integration resources.
II. Study Design
a. Objectives
SJP had the following objectives in performing the analytical work to develop its IRP:
1. Identify a PCP with emissions equal to or slightly less than SJP’s proportional share of the 8 MMT GHG reduction benchmark, as determined using the Commission’s emissions calculator.
2. Identify a PCP that achieves economic, reliability, environmental, security, and other benefits and performance characteristics that are consistent with the goals set forth in Section 454.52(a)(1)(A-I).
3. Identify diverse and balanced PCP that includes both short-term and long-term electricity products as well as electricity-related demand reduction products.
4. Identify portfolios that achieve the resource adequacy requirements established pursuant to PUC Section 380 and provide SJP’s share of system reliability and renewable integration resources.
5. Identify a portfolio that complies with all of SJP’s Board-adopted procurement directives.
6. Identify a portfolio that is compliant with SJP’s obligations under the Renewables Portfolio Standard (“RPS”) program.
7. Identify a portfolio that is cost-effective and minimize rate impacts on SJP’s customers. b. Methodology
Modeling Tool(s)
In developing its planned portfolios, SJP used the modeling performed by the Energy Division using RESOLVE and SERVM and incorporated applicable outputs into the RDTv3 and CSP templates as a starting point. After evaluating related results, SJP consulted with CalChoice, leveraging its extensive experience and expertise in the areas of resource planning and procurement, to construct SJP’s own, internally developed models to quantify portfolio targets for renewable energy content, capacity, and 9 portfolio GHG emissions, as well as physical and financial positions conforming with SJP’s currently effective risk management policies and business practices.
SJP also utilized its commercial energy trading and risk management system to monitor positions, market exposure, credit exposure, value-at-risk, and other risk management metrics. SJP has maintained a record of all such transactions in this system for several years and plans to continue using this system to facilitate transaction management, resource planning, and risk management activities.
SJP used the outputs of its energy trading and risk management system to develop reports and models which were then analyzed to assess annual, monthly, and hourly open positions by considering all forecasted electric loads and expected deliveries from SJP’s resource portfolio. SJP also used a proprietary financial model to project power supply costs based on existing and planned procurements as well as an overall financial assessment of revenues, costs, and cash flows. Current market conditions were considered when compiling any costs associated with expected/planned purchases; actual costs, based on existing procurement contracts, were incorporated as appropriate. Similar to the aforementioned energy trading and risk management system, SJP has used this financial model for several years and has found it to be highly effective in supporting the financial planning needs of its CCA program.
a. For new resource selection, SJP relied upon the modeling and assumptions in the Preferred System Portfolio, SJP’s ongoing and recent procurement experience, and consultation with CalChoice, which helped shape assumptions related to resource availability and cost. In addition, SJP’s new resource selection reflected the preferences of its City Council, including considerations related to resource location and availability. Modeling Approach Load Forecast
SJP developed this IRP using its assigned load forecast from the file 2026 LSE GHG Emission Benchmarks11 (also contained in the CSP templates), as directed in the Final Ruling.
Table 1: SJP’s 2026-2045 Load Forecast (GWh)
Year Load Forecast
2026 174.75
2027 181.98
2028 191.46
2029 200.39
2030 210.02
2031 219.19
2032 228.48
2033 238.07
11 11 See Load Forecastss + GHG Benchmarks (January 16, 2026) (hereinafter ”GHG Benchmarks”), available at https://www.cpuc.ca.gov/industries-and-topics/electricalenergy/electric-power-procurement/long-term-procurement-planning/2024-26-irpcycle-events-and-materials. 10 2034 247.62
2035 256.90
2036 263.85
2037 270.52
2038 276.51
2039 282.04
2040 287.22
2041 291.60
2042 296.10
2043 300.04
2044 303.02
2045 305.63
Load Shape
In developing its portfolio SJP used the default load shape from the Clean System Power Calculator. Use of this load shape does not change SJP’s total annual energy volumes for both load and load modifiers, and these energy volumes remain consistent with SJP’s assigned load forecast.
Load-Proportional GHG Emissions Benchmark
SJP’s modeling was assessed against its 2035 and 2045 load-proportional share of the respective GHG emissions benchmarks, which yielded the following results:12 Table 2: SJP’s Assigned Shares of GHG Reduction Benchmarks 2030 2035 2040 2045
0.031 0.025 0.021 0.011
Compiling Existing Resources
To populate its baseline resource templates, SJP added existing resources from the following procurement categories:
• Energy Contracts.
• Capacity (Resource Adequacy) Contracts.
• SJP’s assigned share of capacity for CAM resources, taken from Energy Division’s Aggregated CAM Resources for LSEs Plan Development (September 29, 2022). • SJP’s selected Voluntary Allocation and Market Opportunities (“VAMO”) allocation of RPS resources from Southern California Edison Company (“SCE”) 12 See 2022 Final GHG Emission Benchmarks for LSEs, (June 28, 2022) (hereinafter” GHG Benchmarks”), available at https://www.cpuc.ca.gov/-/media/cpucwebsite/divisions/energy-division/documents/integrated-resource-plan-and-long-termprocurement-plan-irp-ltpp/2022-irp-cycle-events-and-materials/2022-final-ghgemission-benchmarks-for-lses_public.xlsx. 11 • SJP’s allocation of GHG-free resources from SCE
Selecting New Resources
To identify its new resource procurement opportunities, SJP first determined the new resource capacity it intends to add each year, which considered resource needs (open positions), long-term renewable contracting requirements, renewable portfolio standards, resource adequacy requirements, the need for incremental resource adequacy capacity to contribute to system reliability and renewable integration needs, the potential for technological improvements, and financial considerations. SJP selected resource types based on its experience with competitive solicitations for new renewable and storage resources and its experience in procuring resource adequacy resources, as well as consideration of the studies and modeling underlying the adopted PSP.
Confirming Reliability
SJP’s portfolios were evaluated to ensure that sufficient dependable capacity (net qualifying capacity) would be available to meet peak load requirements, as shown in the RDTv3. These requirements include procuring sufficient net qualifying capacity to meet the Planning Reserve Margins applicable to each year of the planning period. SJP used technology-specific Effective Load Carrying Capacity (“ELCC”) factors from the RDT to assess the contribution of each resource to system reliability. The ELCCs for battery storage resources degrade precipitously during the planning period, which means that battery resources provide less net qualifying capacity per MW of nameplate capacity. In order to ensure that its portfolio met the reliability requirements in each year of the planning period, SJP added sufficient shortterm RA capacity as needed to supplement capacity from its long-term portfolio. SJP’s portfolio was designed to ensure that current incremental resource adequacy capacity obligations from the various CPUC procurement orders will be met.
Calculating GHG Emissions
SJP calculated the emissions associated with its PCP using the Commission’s Clean System Power calculator. The assigned load forecast and default load shapes and behind the meter adjustments were used for this assessment, along with the planned supply portfolios. The results were checked against the assigned GHG benchmarks included in the Clean System Power tools.
III. Study Results
Use this section to present the results of the analytical work described in Section 2: Study Design. a. Conforming Portfolio
SJP’s Conforming Portfolio
The following table provides a summary of SJP’s 2045 PCP, identifying resources by type and distinguishing between the following procurement categories:
• Existing resources (energy and capacity) that SJP owns or contracts with, consistent with definitions provided in the Resource Data Template.
• Existing resources (energy and capacity) that SJP plans to contract with in the future. 12 • Existing resources (capacity) that SJP partially pays for through CAM. • New Resources (energy and capacity) that are under development that SJP is planning to procure.
• Future new resources (energy and capacity) that SJP is planning to procure.
In summary, to meet SJP’s projected 2045 energy demand of 305 GWh, SJP has selected a 2045 PCP Conforming Portfolio composed primarily of the following resources:
• Solar, planned existing: 10 GWh
• Solar, planned new: 168 GWh
• Wind, planned existing: 10 GWh
• Wind, CA, planned new: 20 GWh
• Wind, New Mexico, new: 23 GWh
• Wind, Wyoming, new; 16 GWh
• Large Hydro, existing: 11 GWh
• Geothermal, new: 26 GWh
• Battery storage, new: 347 GWh dispatch capability
Additionally, SJP’s 2045 PCP includes capacity-only resources composed primarily of the following resources:
• CAM, Demand Response and Energy Efficiency Allocations – 13 MW • Existing natural gas, baseload, and other (planned procurement) – 39 MW SJP’s portfolio includes a mix of existing and new resources. Approximately 146 MW of SJP’s PCP is composed of new resources, reflecting SJP’s role as an active player in the State’s development of new renewable and storage resources. Furthermore, SJP’s PCP is comprised of a mix of resources in which SJP can minimize customer rate impacts while still achieving the State’s GHG-reduction targets.
SJP’s PCP Is Consistent with the Preferred System Plan
The new resources included in SJP’s PCP are consistent with the PSP 2045 new resource mix. The Commission adopted the PSP, which established the 8 MMT GHG target by 2045 and adopted the resources in Tables 5 and 6 of D.22-02-004.13
The Decision requires that LSEs procure resources in the following categories: Gas, Biomass, Geothermal, Wind, Wind on New-Out-of-State Transmission, Offshore Wind, Utility-Scale Solar, Battery Storage, Pumped (Long-Duration) Storage.
13 D.22-02-004 at 101-105. Note the Decision references Tables 6 and 7, but this was presumably a typographical error since there was no foregoing Table 7. Thus, SJP understands the Decision to be referencing Tables 5 and 6. 13 As demonstrated in the following table, SJP’s PCP is generally consistent with SJP’s proportional share of new procurement for each of the “resource types” identified in D.22-02-004 Table 3: Comparison of SJP’s PCP vs PSP
Resource Category PSP (MW) SJP’s Proportional
Share of PSP New
Resources (MW)
SJP’s PCP (MW)
Geothermal 3,230 3.66 3.48
Geothermal (Enhanced) 674 0.76 0
Biomass 12 0.01 0
In-State Wind 10,949 12.40 8.54
Out-of-State Wind 19,036 21.56 12.39
Solar 82,732 93.68 50.47
Li-ion Battery (4-hr) 6,758 7.65 23.90
Li-ion Battery (8-hr) 21,102 23.89 31.46
Location Constrained
Storage (12-hr)
8,499 9.62 0
b. Preferred Conforming Portfolio
a. SJP Preferred Conforming Portfolio
As demonstrated in Table 3 above, SJP’s IRP, SJP’s PCP consists of a combination of:
• Natural Gas
• Geothermal
• Wind
• Wind on New-Out-of-State Transmission
• Utility-Scale Solar
• Battery Storage
As stated above, in accordance with Section 454.51(b)(3), SJP’s governing board has determined that the resource mix in the PCP achieves “economic, reliability, environmental, security, and other benefits and performance characteristics that are consistent with the goals set forth in [Section] 454.51(a)(1)].” These benefits and characteristics are discussed as follows.
GHG Reduction Goals
SJP’s PCP achieves results and performance characteristics consistent with the Section 454.52(a)(1)(A) goal of meeting the Commission’s 8 MMT GHG reduction benchmark (8 MMT GHG by 2045). The 2035 emissions from SJP’s PCP are equivalent to SJP’s load-proportional share of the 8 MMT by 2035 emissions target. SJP’s proportional share of the 8 MMT GHG target is 0.011 MMT in 2045. According to the Commission’s emissions calculator, SJP’s PCP would account for 0.010 MMT in 2045 emissions, which is less than the GHG Benchmarks for SJP.
Renewable Energy
14 SJP’s PCP achieves results and performance characteristics consistent with the Section 454.52(a)(1)(B) goal of ensuring that portfolios are composed of at least 60% eligible renewable resources. In 2030 SJP’s PCP portfolio would consist of 61% eligible renewable generation, after accounting for resource curtailments, which exceeds the 60% requirement. In 2045, SJP’s PCP portfolio would consist of 88% eligible renewable generation after accounting for resource curtailments.
Enable Each Electrical Corporation to Fulfill Its Obligation to Serve Customers at Just and Reasonable Rates
As detailed in Section III.e., below, SJP is committed to serving its customers at reasonable rates. In addition to setting rates that are competitive with SCE, SJP works to minimize rate volatility by constructing a balanced and conservatively hedged power supply portfolio, building prudent financial reserves, and minimizing rate changes to once per year, whenever possible.
Minimizing Bill Impact
SJP’s PCP achieves results and performance characteristics consistent with the Section 454.52(a)(1)(D) goal of minimizing the impact of planned procurement on ratepayers’ bills. SJP’s PCP portfolio consists primarily of renewable resources that generally support a least-cost, best-fit procurement strategy.
SJP’s planned use of large hydro resources is expected to minimize costs associated with lowering GHG emissions because the cost premiums associated with large hydro energy is less than those associated with RPS qualifying renewable energy.
SJP prioritizes cost competitiveness, reliability, use of renewable energy and local economic development amongst its primary concerns. SJP anticipates that bill impacts will be minimized during its planned portfolio transition through the pursuit of a diversified resource mix that seeks to minimize exposure(s) that could otherwise occur by overemphasizing resources located within specific geographic areas, relying on a limited subset of technology types and/or purchasing from a limited pool of suppliers/developers, amongst other considerations. SJP is also aware of the risks associated with certain renewable-only generating configurations that limit the buyer’s ability to re-shape deliveries to times of the day when negative prices and, possibly, curtailments are less likely to occur. With this concern in mind, SJP has carefully considered and incorporated energy storage opportunities within its resource mix, which should promote grid reliability during California’s transition to an increasingly clean/renewable energy mix while reducing the potential for unforeseen costs (due to negative pricing) and/or reduced renewable energy deliveries related to curtailment. For example, coupling new-build solar with battery storage increases the capacity value of such projects and provides limited dispatchability for the solar generation, reducing risks related to curtailment and negative pricing.
Further, SJP’s PCP reduces exposure to volatile natural gas prices as well as bill impacts that may result from periodic spikes in fossil fuel prices.
Ensuring System and Local Reliability
SJP’s PCP achieves results and performance characteristics consistent with the Section 454.52(a)(1)(E) goal of ensuring system and local reliability. The PCP meets system resource adequacy requirements as detailed in Section III.f. With the adoption of the Central Procurement Entity structure, SJP no longer has local resource adequacy requirements since the CPE has taken over the procurement of local resource adequacy capacity within SJP’s service area, pursuant to D.20-06-002. SJP’s portfolio assumes CAM 15 allocations and CAM resources, which incorporate CPE system and flexible capacity allocations, consistent with what is described in the most recently issued CPE procurement allocations. At this point, uncertainties and initial implementation issues with the CPE make it difficult for SJP to estimate how the CPE structure will change SJP’s RA needs over time.
As it has done in the past, and as shown in most state planning studies, SJP anticipates that it will meet a portion of its reliability needs through capacity-only contracts with natural gas plants. SJP has contracted with demand response resources to fulfill some of its RA needs and is exploring other opportunities for demand response. SJP is hopeful that new technologies will be developed that will provide cleaner resources with the reliability characteristics of California’s existing natural gas fleet, and it will continue to investigate such resources as appropriate. This noted, one of SJP’s primary concerns is supporting ongoing grid reliability, which compels the CCA program, in the near term, to include natural gas resources amongst its resource adequacy purchases until such time that clean, reliable capacity becomes more readily available.
Ensure that at least 65% of RPS Procurement is From Long-Term Contracts Consistent with Section 454.52(a)(1)(F), SJP is on pace to meet the requirement that 65% of its RPS procurement must come from contracts of 10 years (long-term or more for each compliance period. For the current compliance period, SJP has procured 93% from long-term contracts. Additionally, the majority of the resources shown in SJP’s PCP are expected to be acquired through long-term contracts.
SJP will continue to procure renewables through short-term contracts when opportunities present themselves for cost-efficient procurement and when doing so would reduce any remaining dependency on system power.
Strengthen the diversity, sustainability, and resilience of the bulk transmission and distribution systems, and local communities
SJP’s PCP achieves results and performance characteristics that strengthen the diversity, sustainability and resilience of the bulk transmission and distribution systems, as well as local communities, meeting Section 454.52(a)(1)(G). SJP’s PCP relies on procurement from a variety of resource types as well as significant storage resources incorporated in hybrid solar and storage configuration. SJP believes that the complementary nature of the solar and storage in hybrid resources makes better use of the existing transmission system. SJP carefully evaluates the long-term generation load-matching and congestion risks of new resources and weighs its options in the context of its existing supply and net demand on an hourly basis for the full duration of any contract period.
As described below, SJP is actively pursuing the procurement of or has recently purchased capacity to meet the sub-category requirements of D.21-06-035, which includes long-duration storage, clean-firm resources like geothermal, and resources to replace the Diablo Canyon Power Plant. Additionally, SJP has recently procured demand response capacity resources, providing additional system diversity.
Demand-Side Energy Management
SJP’s PCP achieves results and performance characteristics consistent with the Section 454.52(a)(1)(H) goal of enhancing demand-side energy management. SJP continues to explore and pursue demand-side management programs such as demand response, energy efficiency, and behind the meter energy storage solutions. As part of SJP’s procurement toward D.21-06-035, as discussed in more detail in Section IV.a.ii., SJP has contracted for demand response resources to meet a portion of its requirements. 16 Distributed energy resources (DER) programs support customer energy cost reduction, GHG reductions, and air quality improvements. Such programs help CCAs reduce costly energy purchases, while some may earn revenue from wholesale market participation. Demand response programs provide customers an opportunity to play a role in the operation of the electric grid by reducing their electricity usage during peak demand days when market prices are highest (“peak events”) in exchange for financial incentives.
With the recent expansive deployment of DERs in CalChoice member jurisdictions (such as smart thermostats, rooftop solar and battery storage systems, and electric vehicles and chargers; aka “behindthe-meter” assets), the groundwork is being laid to establish a virtual power plant (VPP) for the benefit of CalChoice Members. Through a VPP, each CCA program may create, monitor, and control a fleet of assets to modify load when power is expensive, and reduce stress on the grid during called events and/or during certain market conditions. Implementation of such a program requires a third-party supplier to provide the DERMS software for management of the devices. In addition, it also requires an experienced program administrator to establish a future demand response incentive offering for CalChoice Member customers. The program administrator will also be responsible for integration and coordination of DER assets with third-party owners.
CalChoice is currently exploring opportunities to launch a DERMS and develop its customer incentive demand response program for 2026-2027.
Minimizing Localized Air Pollutants with Emphasis on Disadvantaged Communities (“DACs”)
SJP’s PCP achieves results and performance characteristics consistent with the Section 454.52(a)(1)(I) goal of minimizing localized air pollutants and other GHG emissions with early priority on disadvantaged communities. SJP’s PCP relies primarily on renewable generation and hydroelectric generation, and this portfolio is expected to exhibit relatively low GHGs and localized air pollution emissions. SJP’s PCP minimizes SJP’s reliance on unspecified system power, instead opting for renewable and hydroelectric generation procurement/development whenever feasible. Results from the CSP tool indicate the following localized air pollutants associated with SJP’s PCP in 2045:
• NOx: 1 tonnes/year
• PM 2.5: 1 tonnes/year
• SO2: 0 tonnes/year
These emissions are expected to result from the planned use of system energy and biomass energy in the PCP, as well as emissions from Combined Heat and Power (“CHP”) resources and system energy assigned to the SJP portfolio by the CSP tool. In evaluating new use of biomass resources, SJP will prioritize those located outside of DACs to the greatest practical extent. c. GHG Emissions Results
SJP used its load-based proportional share of the 8 MMT GHG Benchmark to determine the emissions compliance for its 8 MMT PCP. SJP’s assigned load proportional share of the 8 MMT benchmark in 2035 is 0.025 MMT and in 2045 is 0.011 MMT. Based on the 8 MMT version of the CSP calculator, SJP’s 8 MMT PCP would result in total 2035 GHG emissions of 0.018 MMT and 2045 GHG emissions 0.010 MMT, which is slightly less than SJP’s assigned share of the 8 MMT GHG reduction benchmark. 17 d. Local Air Pollutant Minimization and Disadvantaged Communities i. Local Air Pollutants
The CSP calculator estimates the following emissions associated with SJP’s 8 MMT portfolio:
Table 4: PCP Air Pollutants
Pollutant 2030 2035 2040 2045
PM2.5 2 1 1 1
SO2 0 0 0 0
NOx 2 2 2 1
SJP’s contribution to air pollutants is a result of a combination of electricity procured from biomass and from reliance on system power. The table below shows the portion of load that is being served from fossil fuel resources and system power each year the portfolio.
Table 5: 8 MMT Portfolio Demand, Fossil Fuel Resources and System Power 2030 2035 2040 2045
Demand 229 280 313 333
Net System Power 58 48 54 36
% of Load Served
by System Power
28% 19% 19% 12%
ii. Focus on Disadvantaged Communities
SJP’s IRP is consistent with the goal of minimizing local air pollutants, with early priority on DACs. As defined by the CalEPA’s designation, a Disadvantaged Community includes four categories:
• Census tracts receiving the highest 25 percent of overall scores in CalEnviroScreen 4.0 (1,984 tracts).
• Census tracts lacking overall scores in CalEnviroScreen 4.0 due to data gaps but receiving the highest 5 percent of CalEnviroScreen 4.0 cumulative pollution burden scores (19 tracts). • Census tracts identified in the 2017 DAC designation as disadvantaged, regardless of their scores in CalEnviroScreen 4.0 (307 tracts).
• Lands under the control of federally recognized Tribes.
SJP serves customers in the following DACs:
Figure 2: Map of DACs within SJP’s Service Area
18 SJP’s service area includes the following DAC census tracks:
• 6065043517: CalEnviroScreen 4.0 score of 35, among the highest 35% of census tracks. ii. Power Procurement in DACs
SJP does not currently procure electricity directly from any natural gas or other fossil fuel power plants.
However, SJP recognizes the need to help mitigate the impacts of air pollution in regions of the state where communities have been disproportionately impacted by the existing generating fleet and the need for economic development in areas with high unemployment and poverty.
Our planning objective is to minimize unspecified system power usage and prioritize clean resources that reduce local pollution burdens across the State. Where grid capacity exists within our communities, we are particularly conscious of local areas with high cumulative pollution scores. In procurement practice, this involves prioritizing biomass facilities located outside of DACs and renewable generation with the greatest potential for displacement of fossil fuels, wherever practical: in its solicitations SJP requests respondents to identify how the submitted projects may replace or supplant existing generation and to quantify the expected emissions impacts of this transition.
As required in this 2026 IRP submission, SJP has also analyzed its existing portfolio of long-term contracts and their relationship to DACs within a 5-mile radius. While SJP does not have direct data showing emissions reductions as a result of these projects (many are not yet operational), SJP’s longterm portfolio is comprised of renewable resources – solar, wind, geothermal – and battery storage capacity which all are anticipated to have either a positive impact or negligible impact on emissions and have the potential to displace emitting generation.
Table 6: PCP Air Pollutants
Project Type Project Location Census Tract DACs in 5-mile radius Solar Plus Storage Terra Bella, CA 6107004500 6107003400, 6107004200, 6107004500
19 e. Cost and Rate Analysis
SJP’s 8 MMT PCP is reasonable from a cost perspective. In selecting resources for its portfolios, SJP carefully considered the cost implications of specific resource selections and procurement timing. This analysis was informed by SJP’s procurement experience and the standard assumptions and results of the Commission’s RESOLVE/SERVM modeling.
SJP strives to keep customer costs as low as possible. This is reflected both in the resources procured and in the timing of those procurements. SJP employs risk-management that considers risk associated with under-procurement, as well as risks of potential over-procurement which could occur from unforeseen changes in load going forward. Risk management also involves assessing the currently available technologies, expected technological developments, and potential for radically different technologies in the future. The assessment of potential resources is not strictly on price issues but includes information on how well the resources match the specific needs of SJP’s customers’ load. For example, solar resources are often the least expensive on a simple cost per MWh basis, but other resources which may cost more on a simple MWh basis may provide additional benefits in terms of RA capacity, better matching SJP’s load profile, or serving the needs of the San Jacinto community.
In general, SJP sought to balance the need to procure resources with enough lead time to meet SJP’s LSE-specific procurement shortfalls and the Commission-identified overall system new resource needs with the cost-saving benefits of waiting to procure renewable and storage resources with downward sloping cost projections. SJP also recognizes that future resource costs are highly uncertain, and technological advancement can happen unexpectedly; SJP’s procurement cycle is designed to take advantage of technological and cost improvements by incrementally adding new resource commitments over time.
SJP continuously monitors the energy markets and reassesses current market prices, expected future prices, technological progress, and its expected needs. When opportunities arise SJP will take advantage of them.
Requirements for All LSEs (including non-IOUs)
SJP’s portfolio cost analysis quantifies the expected power supply costs associated with the PCP through 2045. The cost analysis incorporates expected generation costs, resource value (energy, resource adequacy, and renewable energy, as applicable), and the costs associated with resource curtailments.
Marginal ELCC values from RESOLVE were used to quantify expected net qualifying capacity values from the portfolio. As these ELCC factors decline significantly for battery storage resources over the planning period and remain low for solar resources, relatively little RA value is obtained from the solar and battery portfolio elements of the portfolio, despite large increased in nameplate capacity. The average nominal portfolio cost increases by a compound average growth rate of 1.5% annually from 2026 through 2045. The yearly average portfolio cost is shown in the following figure.
Figure 3: Cost Impacts
20 f. System Reliability Analysis
SJP’s PCP is expected to be reliable and will contribute SJP’s fair share to system reliability needs. The effective capacity of SJP’s 8 MMT PCP is provided in the following “System Reliability Progress Tracking Table” from the 30 MMT Resource Data Template dashboard (note that the row containing peak demand is confidential and has been excluded from this table). The net qualifying capacity for the month of September is shown for each year in the following table:
Table 7: System Reliability Progress Tracking, September, 8 MMT PCP Figure 4: SJP’s Capacity by Contract Status
Load and Resource Table by Contract Status
2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 LSE reliability need (MW) 75 76 77 69 62 64 66 68 70 72 72 73 73 74 74 74 74 73 73 72 ELCC by contract status (effective MW) Online 42 32 31 26 24 13 13 12 12 12 12 11 9 9 9 9 9 9 9 9 Development 2 10 9 6 3 3 3 3 3 2 2 2 2 2 2 - - - - - Review - - - - - - - - - - - - - - - - - - - -
PlannedExisting 30 33 36 36 26 39 40 39 39 38 36 37 38 37 36 38 38 36 34 32 PlannedNew - - - - 7 7 9 12 14 18 20 20 22 23 25 25 25 26 27 29 BTM PV 1 1 1 1 1 1 2 2 2 2 2 2 2 2 3 3 2 2 2 2
LSE total supply (effective MW) 75 76 77 69 62 64 66 68 70 72 72 73 73 74 74 74 74 73 73 72 Net capacity position (+ve = excess, -ve = shortfall) (effective MW) - - - - - - - - - - - - - - - - - - - - 21 As demonstrated in Table 7, SJP’s PCP contributes 70 MW of peak monthly NQC in 2045. Combined with SJP’s allocation of 2 MW of behind-the-meter PV, this makes for an LSE total supply of 72 MW. As shown in the table above, this NQC meets SJP’s reliability need. Of this total, 29 MW are related to new renewable and hybrid resources as well as new short- and long-duration storage resources. SJP’s PCP includes planned contracts with existing resources, which are expected to include resources within the existing natural gas generator fleet, for a total of 41 MW of NQC. This balanced portfolio of flexible capacity works to effectively and reliably integrate a renewables-heavy portfolio, thus exceeding SJP’s share of any system-wide renewable integration resource requirements. g. Existing Resource Planning
Over the last several years, SJP has been ramping up its procurement of new resources as it gains experience in contracting new resources. SJP’s portfolios still reflect a sizeable number of existing resources, but much of this is already under contract and SJP anticipates renewing existing contracts.
SJP’s PCP shows declining use of existing resources as SJP plans to work with developers to add new renewable generation to the SJP power mix. As demonstrated in SJP’s PCP, SJP will drive significant new resource development, which will have a corresponding decrease in SJP’s planned use of existing resources. Existing resources that SJP plans to utilize are generally resources that have been available and successfully contracted in the past. Some of these contracts are for multi-year terms, which provides assurance that such resources will remain available. SJP has chosen these resources because of their lower delivery risks compared to new resources. However, SJP recognizes that there is a risk that some existing resources planned for use may not be available to meet SJP’s plans. SJP’s portfolios attempt to balance out these competing risks, and, as SJP will adapt its plans should energy market conditions change. Existing resources that SJP plans to contract with are generally resources that SJP has 22 seen have been available. SJP has chosen these resources because of their lower delivery risks compared to new resources. However, SJP recognizes that there is a risk that these existing resources may not be available to meet SJP’s plans. SJP’s portfolios attempt to balance out these competing risks, and, as SJP has explained elsewhere in this document, SJP does not view its proposed portfolio as written in stone, but rather a map to be followed. SJP is always ready to change its path should the energy market change. If expected existing resources are not available, SJP will consider other possible alternatives.
Even if the existing resources are available, SJP may procure new resources if doing so would reduce emissions or save money.
h. Hydro Generation Risk Management
In developing its portfolios, SJP took several steps to manage the risk of reduced hydro availability that may result from future in-state drought. First, SJP has developed a network of Pacific Northwest-based hydroelectric power suppliers, including entities that have substantial Asset Controlling Supplier (“ACS”) supply and are thus able to sell firm low-carbon supply to SJP. SJP’s PCP includes hydroelectric resources located within California as well as imported hydroelectric power from the Pacific Northwest. Second, SJP will prioritize hydroelectric contracts with marketers that provide firm delivery volumes, helping to reduce the planning uncertainty associated with drought and variable hydroelectric conditions within California. For its PCP, SJP increased its planned use of hydroelectricity, which could be at risk under certain drought conditions. However, due to SJP’s relatively small hydroelectric needs, SJP will have a greater probability of filling its annual positions than other, larger LSEs. With that noted, under a drought scenario or in the event that other factors restrict the availability of hydroelectricity and SJP is unsuccessful in filling related shortfalls through short-term contracting opportunities, SJP would plan to substitute with renewable energy resources to ensure it meets its assigned GHG benchmark. i. Long-Duration Storage Planning
SJP observed that the System Reference Plan includes increasing amounts of eight-hour battery storage and relatively static amounts of four-hour battery storage over the planning period. SJP has similarly planned to increase its use of long-duration storage over time. Planned solar plus storage projects beginning with the 2035 procurement tranche include eight-hour battery storage. This represents a change from the 2022 IRP in which most of the battery storage was planned as four-hour duration.
Current cost estimates are high for long duration storage, and this puts upward pressure on portfolio costs. The relatively low ELCC factors for battery storage in the RDT means that relatively little resource adequacy value is obtained, despite the high costs. As additional technologies are market-proven and more developers offer long-duration storage with potentially lower costs, SJP will consider further procurement of these resources. However, SJP will consider shorter duration storage if the economics are more attractive. SJP sees the possibility for substantial benefits from long-duration storage to the grid and for aiding LSEs in compliance with the Slide-of-Day Resource Adequacy program. 23 j. Clean Firm Power Planning
SJP views clean firm generation as a valuable element of its resource mix as it provides reliable and predictable generation with low emissions. The challenge to greater utilization of this resource type is availability and cost. The primary large scale clean firm resources are geothermal and nuclear generation. Other clean firm generation types, such as biomass and especially biogas are typically smaller-scale projects. None of these resources are abundant, and costs have been increasing rapidly due to resource scarcity and competition with non-LSE offtakers such as data centers, which could limit their role in the planned portfolio. The PCP includes new geothermal contracted and planned to come online in 2031, meeting SJP’s D.21-06-035 requirements, and planned new geothermal in 2035 and 2045. The PCP assumes other LSEs and non-LSE offtakers such as data centers are similarly procuring from the pool of available geothermal resources, further limiting how much is assumed to be available to SJP and driving up pricing.
k. Non-CAISO, including Out-of-State, Wind Planning
SJP’s planned contracting for new out-of-state wind energy projects generally follows the timeline and relative size for selected builds of this resource type from the CPUC’s RESOLVE modeling results. To date, SJP has observed various LSEs with contracts for New Mexico wind resources delivered via the SunZia transmission project. Availability of IARs remains a constraining factor for New Mexico wind, and transmission limitations are anticipated to be constraining availability of wind from other states. As compared to the 2022 IRP, the current PCP includes similar amounts out-of-state wind after adjusting for the larger load reflected in the current PCP. Transmission remains the most significant risk to SJP’s planned use of out-of-state wind.
l. Offshore Wind Planning
SJP did not include plans for offshore wind in its PCP pending further progress on development of this resource type. Potential Department of Water Resources contracts of offshore wind energy have not been assumed, but SJP could adapt future plans as needed to incorporate these resources. m. Transmission Planning
In identifying resource locations for all portfolios, SJP was guided by the following considerations:
• SJP has a general preference for resources located within its service area and the community it serves, but more generally, within Southern California. • SJP prefers projects located in areas that can utilize existing transmission infrastructure with minimal upgrade/modification costs.
• SJP prefers low-impact renewable energy projects that provide economic benefit to DACs, subject to community interest in siting projects within such locations.
Unlike the IOUs, SJP is not a transmission and distribution (“T&D”) system operator. SJP does not enjoy the benefits of a granular knowledge of Southern California Edison Company’s (“SCE”) T&D system or the CAISO grid, and SJP is not in the best position to identify optimal resource locations and does not 24 have the expertise inhouse to determine the best locations for new resources. In practice, SJP relies on project developers to conduct the research and technical studies necessary for siting potential generation projects. SJP evaluates projects offered by developers based on a variety of criteria, including transmission availability, nodal prices and potential for congestion, project viability, environmental, workforce, and other factors. As such, SJP generally utilized the PSP selected candidate resources as a guide for likely resource locations in its PCP. These should be treated as general expectations based on the aforementioned considerations, not definitive selections – actual project locations will be selected during SJP’s future solicitation processes. SJP believes that the best way to keep costs down during resource solicitations is to not limit the potential locations of the resources. Competition among the responders to resource solicitations ensures that SJP can avail itself of the best possible resources, including allowing developers to explore different locations and select what they feel is the best location for their resource taking into account numerous factors, including the costs of any potential transmission upgrades or curtailment issues. Like most LSEs, SJP doesn’t have the necessary resources to examine all possible resource locations to find optimal one from a transmission perspective but relies on the developers of projects doing just that.
As discussed in prior sections, SJP will remain flexible with respect to identifying specific resources for its supply portfolio. If SJP’s expected resource locations become infeasible due to various constraints, or if the Commission’s modeling efforts happen to indicate that certain resource locations are no longer feasible/desirable, then SJP would ultimately locate and contract for alternative resources that fall in preferred locations. SJP also remains open to attractive project opportunities, even if those locations differ from the assumptions used in this plan. As discussed in prior sections, SJP is very nimble in administering pertinent resource planning processes. More specifically, if SJP’s expected resource locations become infeasible due to various constraints, or if the Commission’s modeling efforts happen to indicate that certain resource locations are no longer feasible/desirable, then SJP would ultimately locate and contract for alternative resources that fall in preferred locations. SJP also remains open to interesting opportunities, and should developers find locations that have not been anticipated but through the developer’s analysis offer benefits SJP will consider them without feeling locked into the existing expected locations.
Most of the resources in the SJP’s PCPs are not expected to require transmission upgrades beyond the standard interconnection process. Those resources in SJP’s PCP that might require substantial transmission upgrades or new transmission lines are generally planned for much later in the plans and SJP expects that the developers will have determined that the transmission will be available before SJP enters into agreements with them. These resources in the SJP PCPs would include the OOS Wind and Offshore Wind. It is obvious that both offshore and out-of-state wind will require additional transmission, and this is a part of any discussion of these resources. In addition, in selecting these future resources for its portfolios SJP has considered transmission and chosen projects for which any transmission concerns should be minimized or already addressed. SJP’s choice of New Mexico Wind was made because of the existing plans for transmission to bring that energy to California; SJP’s choice of Morro Bay based on the extensive potential identified for this resource area in the PSP. SJP’s choice of Wyoming Wind was made because of the existing plans for transmission to bring that energy to California; indeed, developers of that transmission have approached the CAISO about having that transmission become part of the CAISO. SJP’s choice of Diablo Canyon offshore wind was made because of the existing transmission capacity for the Diablo Canyon nuclear power plant, and the timing of the contract, starting in 2032, is after Diablo Canyon has retired, even if the plant is extended as recent legislation has proposed.
25 IV. Action Plan
a. Proposed Procurement Activities and Potential Barriers SJP has a well-established procurement process that it uses and will continue to use to steadily achieve its PCP over the planning period. SJP’s procurement process includes the following key activities:
• Identification of planned resources by type, desired online date, and capacity. • Planning for procurement activities in consideration of SJP’s risk management policy; resource acquisition lead times including, where applicable, development timelines; staff capacity; and financial considerations.
• Design and administration of resource solicitations. For new resources, these typically take the form of periodic request for offers processes, while for existing resources, procurement activity is more frequent and routinized.
• Careful negotiation of contract terms to ensure positive outcomes for SJP customers with appropriate risk mitigation.
• Ongoing contract management, including where applicable, careful monitoring of development milestones.
• Ongoing contract management, including where applicable, careful monitoring of generator performance after a resource has achieved commercial operation date (“COD”). • Conduct and participate in joint CCA solicitation processes in order to expand procurement opportunities available to SJP.
SJP expects to use competitive solicitations to procure contracts for the new build resources contained in the PCP. Standard power purchase agreement terms are expected to range from ten to twenty years. i. The LSE should provide responses for each of the following resource categories:
Resources to meet IRP mandated procurement requirements, including D.21- 06-035 and D.23-02-040:
SJP has made significant progress and expects to have sufficient contracted capacity to meet its D.21-06- 035 and D.23-02-040 requirements. The recent D.26-02-057 procurement order obligates additional incremental procurement totaling 6 MW by 2032, of which 2 MW is long duration storage and/or clean firm generation. SJP is currently evaluating offers resulting from a recent joint solicitation, which it expects to yield contracts to help contribute to the new obligation. i. Plans for resources that are currently non-candidate in CPUC’s IRPs not described above
Not applicable
ii. Other renewable and/or zero carbon resources not described above As previously mentioned, SJP’s PCPs are not set in stone. SJP continually monitors the renewable energy space through RFPs and discussions with developers, as well as monitoring various news reports, and regulatory proceedings. SJP is ready to modify its expected portfolio if new resources or specific opportunities arise. SJP has expressed openness to alternative potential emissions reduction opportunities in its RFPs and has encouraged such offers from respondents. This has not resulted in any 26 viable opportunities to date, but SJP will continue to pursue various approaches to explore the potential value of a wide range of options. SJP strives to be a nimble and adaptable energy buyer in order to offer its customers the lowest cost, high renewable content power. iii. Other energy storage not described above
SJP expects that except for the long-duration storage required under D.21-06-035, D.26-02-057 and future procurement orders, the storage it will acquire will mostly be from paired solar and storage resources and/or standalone storage resources that help balance SJP’s very high behind-the-meter solar penetration. SJP remains open to considering other possibilities, especially if new technologies arise that reduce the costs of storage or in situations where storage can help fulfill other needs, such as reducing the need for new transmission or distribution. SJP will continue to monitor developments in the energy storage markets and adjust its portfolio if advantageous opportunities arise. iv. Other demand response not described above
SJP has already contracted for a modest amount of demand response resources. SJP remains open to other opportunities should they arise, and consistent with the current maximum cumulative capacity (“MCC”) bucket requirements.
v. Other energy efficiency not described above
SJP does not currently have any energy efficiency investment plans but may consider these proposals in the future.
vi. Other distributed generation not described above
SJP does not currently have any distributed generation investment plans but may consider these proposals in the future.
vii. Transportation electrification, including any investments that correspond to different levels than what is included in Integrated Energy Policy Report (IEPR) SJP does not currently have any transportation electrification investment plans but may consider these proposals in the future.
viii. Building electrification, including any investments that correspond to different levels than what is included in Integrated Energy Policy Report (IEPR) SJP does not currently have any building electrification investment plans but may consider these proposals in the future.
ix. Potential Centralized Procurement, pursuant to AB-1373 x. Other
27 b. Disadvantaged Communities (DACs)
i. Joint CCA Disadvantaged community green tariff Program (DAC-GT) Table 8: Targeted DAC-GT Program Capacity and Enrollment 2026
Program SJP
Capacity targeted for procurement
(MW) 0.5
Estimated customer enrollment 227
On June 22, 2018, the California Public Utilities Commission (“Commission”) issued Decision (“D.”) 18- 06-027, Alternate Decision Adopting Alternatives to Promote Solar Distributed Generation in Disadvantaged Communities which provided capacity allocations to Community Choice Aggregators located in a DAC.
As approved by the Commission in Resolution E-5130 the City of San Jacinto (collectively on behalf of their CCA program) elected to pool their capacity allocations to offer a Request for Offers (“RFO”) for projects to serve their DAC-GT customers.1 The City of San Jacinto CCA DAC-GT program has a program capacity allocation of 0.5 MW.1 The DAC-GT program provides a 20% bill discount to low-income customers, defined as customers eligible for California Alternate Rates for Energy Program (“CARE”) or Family Electric Rate Assistance Program (“FERA”), located in Disadvantaged Communities (“DACs”), defined as the top 25% most impacted census tracts statewide using the CalEnviroScreen tool, along with other areas in the highest 5% of CalEnviroScreen’s Pollution Burden.1 On September 1, 2023, SJP released a DAC-GT RFO for new projects to serve their program. After the closure of the RFO on September 15, 2023, SJP received one offer. SJP successfully negotiated a Power Purchase Agreement (“PPA”) for the Minneola Solar Project. SJP submitted the PPA to the Commission review via a Tier 2 Advice Letter on June 3, 2024 and the Energy Division approved the PPA on July 3, 2024.
Construction commenced in 2025 with an original estimated COD on or before March 31, 2026. On October 24, 2025, Coast Energy informed SJP of changes on utility schedule that pushes project COD to Q3 2026. Coast Energy has been diligently working with Southern California Edison Company (“SCE”) to advance the project interconnection schedule. However, consideration of CAISO synchronization and commissioning, ongoing delays resulted from the County about the Building permit approval and mainly due to SCE’s workload, the Seller agreed with SCE to submit Material Modification Assessment (“MMA”) to update the Commercial Operation Date to June 15, 2026. SCE approved the MMA to update the project’s critical milestones on December 11, 2025. Based on this approved assessment and current utility workloads, the target COD has been moved from March 31, 2026, to June 15, 2026, with SCE PTO identified for July 20, 2026.
28 ii. Power Choice CARE – Distributed Microgrids Program Power Choice program facilitates the installation of solar plus battery storage to CCA customers through a PPA, which is administered/paid via the customer bill. The program is a partnership with Participate Energy, who finances and owns the systems and acts as program administrator, and Tesla, who provides the storage assets for the program. Additionally, the program partners with local solar installers in each participating City.
In October 2025, the program launched "Power Choice CARE" program, which offered a program participation rate at 50% discount from the standard residential Power Choice offering. Customers must be on a CARE/FERA rate and must meet the income eligibility thresholds to participate. The targeted marketing campaign reached more than 80,000 eligible households across CalChoice Member CCA territories. Eligible customers within SJP’s customer base include 133 FERA customers and 6,361 CARE customers.
c. LSEs’ Tribal Customers
There are no tribal customers currently being served by SJP/ d. Procurement Products
SJP intends to utilize the following physical energy products in procurement activities associated with its PCP. Contracts are expected to be conducted bilaterally rather than via commodities exchanges.
Table 9: Procurement Products
Product Description
Physical energy, RPS qualifying Renewable energy qualified to meet California RPS
Physical energy, other carbon free Non-carbon emitting energy that does not meet California RPS; e.g., large hydro
Physical energy, CAISO energy Energy delivered to the CAISO grid from unspecified sources
Capacity, Net Qualifying Capacity Capacity qualified to meet California Resource Adequacy program standards
e. Commission Direction of Actions
Not applicable
V. Lessons Learned
SJP’s experience in this IRP cycle has reinforced several important considerations regarding the scale and urgency of clean energy procurement required to achieve California’s long-term emissions goals. As a 29 CCA committed to delivering clean, affordable, and reliable energy to its customers, SJP recognizes that the path to meeting the electric sector’s 8 MMT by 2045 GHG benchmark demands sustained, largescale procurement activity across the entire IRP planning horizon — not merely in the near term.
A central lesson from this planning cycle is the recognition that achieving compliance with state GHG emissions reduction requirements will necessitate substantial and continuous procurement of renewable energy, long-duration storage, clean firm power, and other zero-carbon resources through 2045. The scale of resource additions required — informed by the 2025-2026 Transmission Planning Process Portfolio and SJP’s own load growth projections — underscores that no single procurement wave will be sufficient. Rather, LSEs such as SJP must maintain active, ongoing procurement pipelines over the coming two decades to ensure that new clean resources come online in cadence with load growth, contract expirations, and the retirement of fossil-fueled generation. SJP encourages the Commission to structure future IRP cycles, procurement tracks, and associated guidance in a manner that supports and anticipates this long-duration procurement obligation.
SJP intends to be an active and engaged participant in procurement necessary to achieve these objectives. SJP’s governing board has affirmed procurement as a strategic priority, and SJP plans to pursue solicitations for renewable energy, energy storage, and other qualifying resources on a rolling basis consistent with its Preferred Conforming Portfolio and Action Plan. SJP recognizes that successful procurement at the scale required through 2045 will depend not only on its own diligence, but also on the Commission’s continued efforts to streamline procurement authorization processes, reduce regulatory barriers to contract execution, and provide adequate lead time for LSEs to compete effectively in competitive resource markets.
30 Glossary of Terms
Alternative Portfolio: LSEs are permitted to submit “Alternative Portfolios” developed from scenarios using different assumptions from those used in the Preferred System Plan with updates. Any deviations from the “Conforming Portfolio” must be explained and justified.
Approve (Plan): the CPUC’s obligation to approve an LSE’s integrated resource plan derives from Public Utilities Code Section 454.52(b)(2) and the procurement planning process described in Public Utilities Code Section 454.5, in addition to the CPUC obligation to ensure safe and reliable service at just and reasonable rates under Public Utilities Code Section 451.
Balancing Authority Area (CAISO): the collection of generation, transmission, and loads within the metered boundaries of the Balancing Authority. The Balancing Authority maintains load-resource balance within this area.
Baseline resources: Those resources assumed to be fixed as a capacity expansion model input, as opposed to Candidate resources, which are selected by the model and are incremental to the Baseline.
Baseline resources are existing (already online) or owned or contracted to come online within the planning horizon. Existing resources with announced retirements are excluded from the Baseline for the applicable years. Being “contracted” refers to a resource holding signed contract/s with an LSE/s for much of its energy and capacity, as applicable, for a significant portion of its useful life. The contracts refer to those approved by the CPUC and/or the LSE’s governing board, as applicable. These criteria indicate the resource is relatively certain to come online. Baseline resources that are not online at the time of modeling may have a failure rate applied to their nameplate capacity to allow for the risk of them failing to come online.
Candidate resource: those resources, such as renewables, energy storage, natural gas generation, and demand response, available for selection in IRP capacity expansion modeling, incremental to the Baseline resources.
Capacity Expansion Model: a capacity expansion model is a computer model that simulates generation and transmission investment to meet forecasted electric load over many years, usually with the objective of minimizing the total cost of owning and operating the electrical system. Capacity expansion models can also be configured to only allow solutions that meet specific requirements, such as providing a minimum amount of capacity to ensure the reliability of the system or maintaining greenhouse gas emissions below an established level.
Certify (a Community Choice Aggregator Plan): Public Utilities Code 454.52(b)(3) requires the CPUC to certify the integrated resource plans of CCAs. “Certify” requires a formal act of the Commission to determine that the CCA’s Plan complies with the requirements of the statute and the process established via Public Utilities Code 454.51(a). In addition, the Commission must review the CCA Plans to determine any potential impacts on public utility bundled customers under Public Utilities Code Sections 451 and 454, among others.
Clean System Power (CSP) methodology: the methodology used to estimate GHG and criteria pollutant emissions associated with an LSE’s Portfolio based on how the LSE will expect to rely on system power on an hourly basis.
31 Community Choice Aggregator: a governmental entity formed by a city or county to procure electricity for its residents, businesses, and municipal facilities.
Conforming Portfolio: the LSE portfolio that conforms to IRP Planning Standards, the 2045 LSE-specific GHG Emissions Benchmark, use of the LSE’s assigned load forecast, use of inputs and assumptions matching those used in developing the Reference System Portfolio, as well as other IRP requirements including the filing of a complete Narrative Template, a Resource Data Template and Clean System Power Calculator.
Effective Load Carrying Capacity: a percentage that expresses how well a resource is able avoid loss-ofload events (considering availability and use limitations). The percentage is relative to a reference resource, for example a resource that is always available with no use limitations. It is calculated via probabilistic reliability modeling, and yields a single percentage value for a given resource or grouping of resources.
Effective Megawatts (MW): perfect capacity equivalent MW, such as the MW calculated by applying an ELCC % multiplier to nameplate MW.
Electric Service Provider: an entity that offers electric service to a retail or end-use customer, but which does not fall within the definition of an electrical corporation under Public Utilities Code Section 218.
Filing Entity: an entity required by statute to file an integrated resource plan with CPUC.
Future: a set of assumptions about future conditions, such as load or gas prices.
GHG Benchmark (or LSE-specific 2045 GHG Benchmark): the mass-based GHG emission planning targets calculated by staff for each LSE based on the methodology established by the California Air Resources Board and required for use in LSE Portfolio development in IRP.
GHG Planning Price: the systemwide marginal GHG abatement cost associated with achieving a specific electric sector GHG planning target.
Integrated Resources Planning Standards (Planning Standards): the set of CPUC IRP rules, guidelines, formulas and metrics that LSEs must include in their LSE Plans.
Integrated Resource Planning (IRP) process: integrated resource planning process; the repeating cycle through which integrated resource plans are prepared, submitted, and reviewed by the CPUC Long term: more than 5 years unless otherwise specified.
Load Serving Entity: an electrical corporation, electric service provider, community choice aggregator, or electric cooperative.
Load Serving Entity (LSE) Plan: an LSE’s integrated resource plan; the full set of documents and information submitted by an LSE to the CPUC as part of the IRP process.
Load Serving Entity (LSE) Portfolio: a set of supply- and/or demand-side resources with certain attributes that together serve the LSE’s assigned load over the IRP planning horizon.
Loss of Load Expectation (LOLE): a metric that quantifies the expected frequency of loss-of-load events per year. Loss-of-load is any instance where available generating capacity is insufficient to serve electric demand. If one or more instances of loss-of-load occurring within the same day regardless of duration 32 are counted as one loss-of-load event, then the LOLE metric can be compared to a reference point such as the industry probabilistic reliability standard of “one expected day in 10 years,” i.e. an LOLE of 0.1.
Maximum Import Capability: a California ISO metric that represents a quantity in MWs of imports determined by the CAISO to be simultaneously deliverable to the aggregate of load in the ISO’s Balancing Authority (BAA) Area and thus eligible for use in the Resource Adequacy process. The California ISO assess a MIC MW value for each intertie into the ISO’s BAA and allocated yearly to the LSEs. A LSE’s RA import showings are limited to its share of the MIC at each intertie.
Net Qualifying Capacity (NQC): Qualifying Capacity reduced, as applicable, based on: (1) testing and verification; (2) application of performance criteria; and (3) deliverability restrictions. The Net Qualifying Capacity determination shall be made by the California ISO pursuant to the provisions of this California ISO Tariff and the applicable Business Practice Manual.
Non-modeled costs: embedded fixed costs in today’s energy system (e.g., existing distribution revenue requirement, existing transmission revenue requirement, and energy efficiency program cost).
Nonstandard LSE Plan: type of integrated resource plan that an LSE may be eligible to file if it serves load outside the CAISO balancing authority area.
Optimization: an exercise undertaken in the CPUC’s Integrated Resource Planning (IRP) process using a capacity expansion model to identify a least-cost portfolio of electricity resources for meeting specific policy constraints, such as GHG reduction or RPS targets, while maintaining reliability given a set of assumptions about the future. Optimization in IRP considers resources assumed to be online over the planning horizon (baseline resources), some of which the model may choose not to retain, and additional resources (candidate resources) that the model is able to select to meet future grid needs.
Planned resource: any resource included in an LSE portfolio, whether already online or not, that is yet to be procured. Relating this to capacity expansion modeling terms, planned resources can be baseline resources (needing contract renewal, or currently owned/contracted by another LSE), candidate resources, or possibly resources that were not considered by the modeling, e.g., due to the passage of time between the modeling taking place and LSEs developing their plans. Planned resources can be specific (e.g., with a CAISO ID) or generic, with only the type, size and some geographic information identified.
Qualifying capacity: the maximum amount of Resource Adequacy Benefits a generating facility could provide before an assessment of its net qualifying capacity.
Preferred Conforming Portfolio: the conforming portfolio preferred by an LSE as the most suitable to its own needs; submitted to CPUC for review as one element of the LSE’s overall IRP plan.
Preferred System Plan: the Commission’s integrated resource plan composed of both the aggregation of LSE portfolios (i.e., Preferred System Portfolio) and the set of actions necessary to implement that portfolio (i.e., Preferred System Action Plan).
Preferred System Portfolio: the combined portfolios of individual LSEs within the CAISO, aggregated, reviewed and possibly modified by Commission staff as a proposal to the Commission, and adopted by the Commission as most responsive to statutory requirements per Pub. Util. Code 454.51; part of the Preferred System Plan.
Short term: 1 to 3 years (unless otherwise specified).
33 Staff: CPUC Energy Division staff (unless otherwise specified).
Standard LSE Plan: type of integrated resource plan that an LSE is required to file if it serves load within the CAISO balancing authority area (unless the LSE demonstrates exemption from the IRP process).
Transmission Planning Process (TPP): process conducted by the California Independent System Operator (CAISO) to identify potential transmission system limitations and areas that need reinforcements over 10- year and 15-year horizons.
July 21, 2026
TO: City Council
REQUESTED
BY:
Stuart McKibbin
APPROVED
BY:
Travis Randel, Interim City Manager
SUBJECT:
Working Hours for Esplanade Avenue Widening Phase 1 Warren Road to Sanderson Avenue (CIP# 06-145)
RECOMMENDATION:
Staff recommends that the City Council AUTHORIZE working hours for Granite Construction Company.
DISCUSSION:
On March 3, 2026 the City Council awarded the construction contract for Esplanade Widening Phase 1 to Granite Construction Company. The contract specifications require working hours between 7 am and 5 pm in order for the work to be in compliance with construction activity noise regulations of Municipal Code Section 8.40.090.
Due to the hot summer weather there is sufficient need to start construction at 6 am.
Staff recommends the Council authorize the construction work outside of the contract specification working hours.
FISCAL IMPACT:
There will be no impact to the General Fund.
July 21, 2026
TO: City Council
REQUESTED
BY:
Travis Randel, Interim City Manager
APPROVED
BY:
Travis Randel, Interim City Manager
SUBJECT:
League of California Cities Open Letter Supporting Comprehensive Tort Reform to Protect California Taxpayers, Survivors, and Essential Public Services
RECOMMENDATION:
Staff recommends that the City Council:
1. APPROVE the City of San Jacinto joining the League of California Cities and other public agencies and organizations as a signatory to the open letter to the California State Legislature titled “Urgent Need for Comprehensive Tort Reform to Protect California Taxpayers, Survivors, and Essential Public Services”; and
2. AUTHORIZE the Interim City Manager, or designee, to sign and submit substantially similar letters of support or coalition letters consistent with this City Council-approved position relating to public entity tort reform, public agency liability exposure, insurance and risk pool stability, and the protection of taxpayer-funded essential public services.
DISCUSSION:
The League of California Cities, along with numerous cities, counties, school districts, special districts, and public agency risk pools, is requesting that the California State Legislature enact comprehensive tort reform for civil actions against public entities.
The open letter states that public entity liability costs have tripled in the last seven years, now exceeding $7 billion in known exposure, with costs projected to grow by another 70 percent by Fiscal Year 2027-28. The letter further states that these increasing costs are creating significant fiscal pressure on public agencies and diverting limited taxpayer resources away from essential services, including public safety, infrastructure, parks, roads, mental health services, and other core public programs.
The letter emphasizes that public agencies are not seeking to avoid accountability or deny injured parties and survivors access to the courts. Rather, the request is intended to support a more balanced system that preserves public services, protects taxpayer resources, and ensures that public agencies are held responsible in proportion to their actual fault.
The proposed reform framework identified in the letter includes:
1. Defined benefits, including reasonable caps on damages in civil actions against public entities;
2. Proportional liability for economic damages so public entities are responsible only for the share of harm attributable to the public agency; and
3. Heightened evidentiary and procedural standards for claims where witnesses, records, and evidence are unavailable or insufficient to fairly assign liability.
For cities, rising liability costs can result in increased risk pool contributions, higher premiums, special assessments, reduced coverage limits, or difficulty obtaining coverage. These costs are ultimately paid from the same public funds used to provide local services to residents. Supporting the letter is consistent with the City’s interest in protecting taxpayer resources, preserving essential public services, and advocating for a balanced liability system that maintains accountability while recognizing the fiscal realities facing public agencies.
In addition to the League of California Cities letter, the City may receive similar requests from public agency risk pools, joint powers authorities, or other local government organizations, including the California Joint Powers Insurance Authority. These requests are expected to address the same general policy issue involving public entity liability exposure, rising insurance and risk pool costs, tort reform, and the protection of taxpayer-funded essential public services.
To allow the City to respond efficiently to substantially similar requests, staff recommends that the City Council authorize the Interim City Manager, or designee, to sign and submit letters of support or coalition letters that are consistent with the City Council’s approved position on this matter.
FISCAL IMPACT:
There is no direct fiscal impact associated with joining the letter. However, the subject matter of the letter relates to potential long-term fiscal impacts to the City and other public agencies resulting from increasing liability costs, risk pool contributions, settlements, judgments, and related insurance or coverage expenses.
Attachments
League of California Cities - Urgent Need for Comprehensive Tort Reform to Protect California Taxpayers, Survivors, and Essential Public Services
California Insurance Pool Authority
Date: July 2, 2026
To: Members, California State Legislature
Urgent Need for Comprehensive Tort Reform to Protect California Taxpayers, Survivors, and Essential Public Services
On behalf of the undersigned organizations, we urge the Legislature to enact meaningful tort reform for civil actions against public entities. New data released by the California Association of Joint Powers Authorities (CAJPA) confirms what our members have been warning lawmakers about for years: public-entity liability costs have tripled in the last seven years, now exceeding $7 billion in known exposure. Costs are on pace to grow another 70 percent by 2027–28. The fiscal trajectory is unsustainable, the structure of liability is fundamentally unfair to taxpayers, and the consequences are now measured in billions of dollars diverted away from classrooms, fire stations, roads, mental health services, and the essential programs Californians depend on every day.
Our organizations share a deep and unwavering commitment to ensuring that survivors of harm receive justice, support, and meaningful compensation. California’s public agencies are not asking for insulation from accountability. We do not seek to deny survivors their day in court. Instead, we seek to fix a system that, as currently structured, transfers enormous wealth to plaintiffs’ law firms and threatens the financial solvency of the very public agencies tasked with protecting and serving our vulnerable community members. The longer the Legislature waits, the more public services will be cut, the more agencies will face insolvency.
The Path Forward. We urge the Legislature to advance a comprehensive tort reform package for civil actions against public entities that, at minimum, includes the following:
• Defined benefits including caps on damages in civil actions against public entities, ensuring survivors and other injured parties are made whole while preserving the capacity to deliver essential public services. • Proportional (several) liability for economic damages in civil actions against public entities, so that taxpayers pay only for the share of harm actually attributable to the public agency. This way the perpetrators bear the cost of their own conduct and not taxpayers.
• Heightened evidentiary and procedural standards for claims where witnesses, records, and evidence archives are absent or insufficient to assign culpability.
Why are Billions of Taxpayer Dollars Being Diverted from Essential Services? AB 218 (Gonzalez, Chapter 861, Statutes of 2019) related to childhood sexual assault is one stark driver, but it is not the only one. Across the spectrum of civil litigation against public entities — from premises liability to dangerous conditions — plaintiffs’ firms are increasingly targeting governmental defendants precisely because they are perceived as having the deepest pockets. The result is an unreasonable transfer of public resources to private wealth that the Legislature has both the power and the responsibility to address
How Are Claims Against Public Entities Funded? Most cities, counties, special districts, and school districts in California do not purchase liability coverage from traditional commercial insurance carriers because it is either too expensive, does not provide sufficient coverage, or is simply not offered. Instead, they self-fund their liability coverage or they collectively pool risk through Joint Powers Authorities (JPAs), which are not insurance companies with large capital reserves. Every self-funded claim, including those paid out of a JPA, comes from taxpayer-funded member contributions paid by cities, counties, schools, and other public agencies from the same general fund dollars that pay for police officers, firefighters, teachers, road crews, and homelessness response.
When a JPA pays out claims of magnitude, every member agency in that pool feels it through higher premiums, the potential need for special assessments, reduced coverage limits, and/or increasingly, the inability to obtain coverage at all. Public agencies that have never had a single AB 218 claim filed against them are facing double-digit premium increases. For schools, this means Proposition 98 education dollars intended to support today’s students are paying for decades-old liabilities. Even for cities and counties that have few claims filed against them it means delaying critical infrastructure maintenance and reducing local government’s ability to provide social-safety-net services to the most vulnerable Californians.
Plaintiffs’ Attorneys Are on Track to Profit Over Half a Billion Taxpayer Dollars Every Year. In civil actions against public entities, plaintiffs’ counsel commonly recover contingency fees of 40 percent or more of the gross judgment or settlement. Even using a conservative 30 percent contingency assumption, estimated plaintiff attorney fees in actions against California public entities have climbed to over $500 million annually. In many individual cases, attorney fees approach 50 percent of the taxpayer-funded settlement or award. That means that for every $10 million paid by a city, county, JPA, or school district, as much as $4 to $5 million is paid to a private law firm. It does not go to the survivor, nor does it go to mental health services, prevention or victim assistance, or back to the taxpayers who funded the payment. Plaintiffs’ firms are, in many cases, the single largest beneficiaries of the current system.
Caps on Damages Are Essential to Preserve Public Services and Solvency.
Support for meaningful tort reform must include caps on damages in actions against public entities. Without such caps, the cascading effects of recent legislation will only worsen, and the very real threat of insolvency among California’s public agencies, already materializing in some regions, will only accelerate. California already imposes reasonable limits in medical malpractice cases under MICRA, recognizing the public interest in such restrictions. The same principle should apply when taxpayer dollars are the source of the payment.
Public Entities Should Pay in Proportion to Their Actual Fault — Not for the Crimes of Others. Under California’s current liability structure, a public entity found just one percent at fault can be ordered to pay the entirety of a plaintiff’s economic damages — even when the overwhelming majority of fault lies with a criminal actor who has no assets to satisfy a judgment.
The result is morally indefensible: perpetrators escape financial accountability for their conduct, while taxpayers — through their cities, counties, transit agencies, and school districts — are forced to pay for the harm that resulted. It allows perpetrators to walk away while public services are gutted to satisfy awards for conduct the public entity did not commit. The Legislature must restore proportional (several) liability for economic damages in actions against public entities, so that they are responsible only for the share of harm attributable to the public agency’s own conduct.
Survivors Deserve Their Day in Court, and Public Entities Deserve a Meaningful Opportunity to Defend. Restoring balance to AB 218 claims involving decades-old conduct does not require closing the courthouse door to survivors. Rather, it requires recognizing that, after decades have passed, the records and witnesses needed to fairly adjudicate a claim are often incomplete or simply gone. For claims involving conduct that occurred decades ago, we urge the Legislature to restore balance by reinstating a prior-knowledge requirement, paired with a clear-and-convincing-evidence standard.
Prior to AB 218, California law permitted survivors to bring claims against public entities outside the statute of limitations, when a plaintiff could show the entity "knew or had reason to know, or was otherwise on notice, of any unlawful sexual conduct" by the perpetrator and failed to implement reasonable safeguards. That framework provided a meaningful path to justice for survivors with evidence of institutional culpability while also protecting taxpayers from liability for conduct the public entity had no realistic means to anticipate, prevent, or now defend against.
Our coalition stands ready to work with the Legislature, the Administration, and the survivor community to craft a balanced, durable solution so that necessary action can be taken now. Detailed findings and supporting data are available in CAJPA’s recent report, Protecting Public Funds: The Rising Cost of Claims Against California Public Entities. Please do not hesitate to contact us with questions or to discuss specific legislative vehicles.
Sincerely,
California Association of Joint Powers Authorities (CAJPA) California School Boards Association (CSBA)
California Association of School Business Officials (CASBO) Los Angeles Unified School District (LAUSD)
Association of California School Administrators (ACSA)
The Rural County Representatives of California (RCRC)
California Association of Recreation and Park Districts (CARPD) California Special Districts Association (CSDA)
League of California Cities
California Association of Suburban School Districts
California Latino School Boards Association
California LULAC (League of United Latin American Citizens) ABC Unified School District
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Anderson Valley Unified School District
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Bennett Valley Union School District
Brett Harte Union High School District
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School & College Legal Services of California
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July 21, 2026
TO: City Council
REQUESTED
BY:
Rene Yarnall, Community Development Manager
APPROVED
BY:
Travis Randel, Interim City Manager
SUBJECT:
Resolution No. 4137– Authorization to Participate in the County of Riverside’s Urban County Programs for Fiscal Years 2027, 2028, and 2029, and Approval of a Cooperation Agreement with the County of Riverside RECOMMENDATION:
Staff recommends that the City Council:
1. ADOPT Resolution No. 4137 authorizing the City’s participation in the County of Riverside’s Urban County Programs;
2. APPROVE a Cooperation Agreement with the County of Riverside for the City’s use of Community Development Block Grant (CDBG), Home Investment Partnership (HOME), and Emergency Solutions Grant (ESG) funds for Fiscal Years 2027, 2028 and 2029; and
3. AUTHORIZE the City Manager to execute the Cooperation Agreement and related documents, with minor modifications as approved by the City Attorney.
DISCUSSION:
In a continuing effort to support community revitalization and affordable housing assistance, the City has an opportunity to continue a partnership with the County of Riverside by entering into a Cooperation Agreement. Execution of the Cooperation Agreement and adoption of the attached Resolution allows the City of San Jacinto to receive funding through County’s CDBG, HOME, and ESG programs for the next three-year cycle. The City has collaborated with the County of Riverside (as an urban county) since 2006.
Past funding has been used to address inadequate curb, gutter, sidewalk, and street rehabilitation. The funding has also been utilized for targeted code enforcement activities, funded the Public Library parking lot project and, most recently, provided funding for the Mistletoe Park Restroom Facility Improvement Project.
During the proposed three-year period beginning October 1, 2026, and ending September 30, 2029, the County will continue to be responsible for preparing and submitting to HUD all reports and statements required to secure grant funding and meet application requirements. Participation in the program will prohibit the City from withdrawing from the County’s urban program during the three-year agreement. In addition, any unincorporated portion of the County that incorporates, or is annexed during the qualification period, will remain a part of the urban county through the end of the period. Finally, the City is ineligible to apply for grants under HUD’s Small Cities (State CDBG) programs, and the City cannot receive funding through a HOME consortium for the fiscal years during the period which the City is participating in the Urban County program.
FISCAL IMPACT:
By executing the Cooperation Agreement, the City will continue to receive an annual allocation of Federal Community Development Block Grant funds through the Riverside County Department of Housing and Workforce Solutions for Fiscal Years 2027, 2028 and 2029.
Attachments
City of San Jacinto Cooperation Agreement 27-29.pdf
Resolution_4137.pdf
Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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COOPERATION AGREEMENT
FOR THE COMMUNITY DEVELOPMENT BLOCK GRANT,
HOME INVESTMENT PARTNERSHIPS PROGRAM, AND
EMERGENCY SOLUTIONS GRANT
FOR FISCAL YEARS 2027, 2028, 2029
This Cooperation Agreement for the Community Development Block Grant, HOME Investment Partnerships Program, and the Emergency Solutions Grant for Fiscal Years 2027, 2028, and 2029, hereinafter referred to as “Agreement” is made and entered into this ______ day of __________ 2026, by and between the COUNTY OF RIVERSIDE, a political subdivision of the State of California, hereinafter referred to as "COUNTY", and CITY OF SAN JACINTO, an incorporated municipality within the geographical boundaries of the COUNTY, hereinafter referred to as "CITY.” City and County individually referred to herein as “Party” and collectively as the “Parties.”
RECITALS
WHEREAS, the Housing and Community Development Act of 1974, as amended (42 U.S.C.A. § 5301 et seq.) (Public Law 93-383), hereinafter called "ACT", provides that Community Development Block Grant funds hereinafter referred to as "CDBG", may be used for the support of activities that provide decent housing, suitable living environments, and expanded economic opportunities principally for persons of low and moderate-income; and WHEREAS, the HOME Investment Partnerships Act program, hereinafter referred to as “HOME,” was enacted as Title II of the National Affordable Housing Act of 1990, for the purposes of: expanding the supply of decent, affordable housing for low and very-low income families with emphasis on rental housing; building State and local capacity to carry out affordable housing programs; and providing for coordinated assistance to participants in the development of affordable low-income housing; and
WHEREAS, the Emergency Solutions Grant, hereinafter referred to as “ESG,” was authorized by the McKinney-Vento Homeless Assistance Act of 1987 and the Homeless Emergency Assistance and Rapid Transition to Housing (HEARTH) Act of 2009. The objectives of the ESG program are to increase the number and quality of emergency shelters and transitional Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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housing facilities for homeless individuals and families, to operate these facilities and provide essential social services, and to help prevent homelessness; WHEREAS, CDBG regulations require counties to re-qualify as an Urban County under the CDBG program every three (3) years.
WHEREAS, the chief executive officer of the COUNTY is authorized to execute this Agreement pursuant to Riverside County Ordinance No. 442.
WHEREAS, the City Manager or Mayor of CITY is authorized to execute this Agreement on the CITY’s behalf.
WHEREAS, the COUNTY Board of Supervisors on July 14, 2026 via Minute Order 30623 authorized the COUNTY Director of Housing and Workforce Solutions to execute this agreement on behalf of the COUNTY.
NOW THEREFORE, in consideration of the mutual covenants herein set forth and the mutual benefits to be derived there from, the parties agree as follows:
1. GENERAL.
(a). This Agreement gives COUNTY authority to undertake, or assist in undertaking, activities for Fiscal Years 2027, 2028, and 2029, that will be funded from the CDBG, HOME, and ESG programs and from any program income generated from the expenditure of such funds. COUNTY and CITY agree to cooperate, to undertake, or to assist in undertaking, community renewal and lower-income housing assistance activities. COUNTY is qualified as an "Urban County" under the ACT. CITY, by executing this Agreement, hereby gives notice of its election to participate in an Urban County’s Community Development Block Grant (CDBG), Home Investment Partnerships Act (HOME), and Emergency Solutions Grant (ESG) programs, hereinafter referred to as "Urban County Programs".
(b). By executing this Agreement, CITY understands that it may not apply for grants from appropriations under the Small Cities or State CDBG Programs for fiscal years during the period in which it participates in the Urban County’s CDBG program, and that CITY may only participate in the HOME program through the COUNTY’S Urban County Programs, not a HOME 1 2
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consortium. The CITY may also apply for HOME funds from the State of California, if permitted by the State.
(c). By executing this Agreement, CITY understands that it may only receive a formula allocation of ESG funds through the COUNTY’S Urban County Programs. The CITY may also apply for ESG funds from the State of California, if permitted by the State.
2. TERM.
The term of this Agreement shall be for three (3) years commencing on October 1, 2026, and expiring on September 30, 2029, unless an earlier date of termination is fixed by U.S.
Department of Housing and Urban Development, hereinafter called HUD, pursuant to ACT.
This Agreement shall remain in effect until funds granted and program income received during the three-year program period are expended and the funded activities completed.
Neither the COUNTY nor the CITY may terminate, withdraw, or be removed from the program during the three-year program period.
This Agreement will renew automatically for participation in one successive threeyear Urban County qualification period (Federal Fiscal Years 2027-29), unless the CITY or the COUNTY provides written notice to the other party that it elects not to participate in a new qualification period. The terminating party shall send a copy of the notice of termination to the HUD field office by the date specified on the HUD Exchange Urban Counties website. By executing this Agreement, the CITY acknowledges that it has been notified in writing of the CITY’s right to make this election. A copy of this Agreement will be sent to the HUD field office by the date specified on the HUD Exchange Urban Counties website.
The Parties agree to adopt amendment(s) to this Agreement as may be required by HUD to meet any new Urban County Qualification requirement(s), when applicable. Failure by either Party to adopt any such amendment, and to submit such amendment to HUD, will void the agreement for such qualification period.
3. PREPARATION OF FEDERALLY REQUIRED FUNDING APPLICATIONS.
The County of Riverside Housing and Workforce Solutions, subject to approval of COUNTY’s Board of Supervisors, shall be responsible for preparing and submitting to the U.S.
Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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Department of Housing and Urban Development (HUD), in a timely manner, all reports and statements required by the ACT and the Federal regulations promulgated by HUD to secure entitlement grant funding under the CDBG, HOME, and ESG programs. This duty shall include the preparation and processing of COUNTY Housing, Community, and Economic Development Needs Identification Report, Citizen Participation Plan, the County Five-Year Consolidated Plan, One-Year Action Plan, Consolidated Annual Performance and Evaluation Report (CAPER), and other related programs which satisfy the application requirements of ACT and its regulations.
4. COMPLIANCE WITH FEDERAL STATUTES, REGULATIONS AND
OTHER APPLICABLE STATUTES, REGULATIONS AND ORDINANCES.
(a) COUNTY and CITY will comply with the applicable provisions of the ACT and those Federal regulations promulgated by HUD pursuant thereto, as the same currently exists or may hereafter be amended.
(b) The COUNTY and CITY are hereby obligated to take all actions necessary to assure compliance with COUNTY’s certification regarding affirmatively furthering fair housing pursuant to Section 104 (b) of Title I of ACT, as amended. (c) COUNTY and CITY will comply with the applicable provisions of the following: National Environmental Policy Act of 1969; Title VI of the Civil Rights Act of 1964 and the implementing regulations at 24 CFR Part 1; The Fair Housing Act, Title VIII of the Civil Rights Act of 1968, the implementing regulations at 24 CFR Part 100, and the duty to affirmatively further fair housing (AFFH); Title 24 Code of Federal Regulations part 570; Cranston-Gonzales National Affordable housing Act (Public Law 101-625); Executive Order 11063, as amended by Executive Order 12259; Executive Order 11988; the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (42 U.S.C.§4630, et. seq.); Section 109 of Title I of the ACT and implementing regulations at 24 CFR part 6, including Section 504 of the Rehabilitation Act of 1973 and the implementing regulations at 24 CFR Part 8, Title II of the Americans with Disabilities Act and the implementing regulations at 28 CFR part 35, the Age Discrimination Act of 1975 and the implementing regulations at 24 CFR part 146, Section 3 of the Civil Rights Act of 1963, as amended, Section 3 of the Housing and Urban Development Act of 1968, the Uniform Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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Relocation Assistance and Real Property Acquisition Policies Act of 1970 and the implementing regulations at 49 CFR Part 24, and Section 104(d) of the Act and implementing regulations at 24 CFR Part 42; and other Federal or state statute or regulation applicable to the use of CDBG, HOME Investment Partnerships Act (enacted as Title II of the National Affordable Housing Act of 1990), and Emergency Solutions Grant funds.
(d) CITY agrees that the Urban County Program funding for activities in, or in support of, the CITY are prohibited if CITY does not affirmatively further fair housing within CITY’S jurisdiction or impedes COUNTY actions to comply with its fair housing certification. (e) CITY and COUNTY shall meet the citizen participation requirements of 24 CFR 570.301 and provide Urban County Program citizens with all of the following:
i. The estimate of the amount of CDBG funds proposed to be used for activities that will benefit persons of low and moderate-income; ii. A plan for minimizing displacement of persons as a result of activities assisted with CDBG funds and to assist persons actually displaced as a result of such activities;
iii. A plan that provides for and encourages citizen participation, with particular emphasis on participation by persons of low and moderate-incomes, residents of slum and blighted areas, and of areas in which funds are proposed to be used, and provides for participation of residents in low and moderate-income neighborhoods; iv. Reasonable and timely access to local meetings, information, and records relating to the grantee’s proposed use of funds, as required by the regulations of the Secretary, and relating to the actual use of funds under the ACT; v. Provide for public meetings to obtain citizen views and to respond to proposals and questions at all stages of the community development program, including at least the development of needs, the review of proposed activities and review of program performance.
Meeting shall be held after adequate notice, at times and locations convenient to potential or actual beneficiaries, and with accommodation for the disabled.
Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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(f). CITY shall develop a community development plan, for the period of this Agreement, which identifies community development and housing needs and specifies both short and long-term community development objectives.
(g). CITY certifies, to the best of its knowledge and belief, that:
i. No Federal appropriated funds have been paid or will be paid, by or on behalf of the CITY, to any person influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress, in connection with the awarding of any Federal contract, the making of any Federal grant, the making of any Federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment or modification of any Federal contract, grant, loan or cooperative agreement.
ii. If any funds other than Federally-appropriated funds have been paid or will be paid to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress, in connection with this Federal contract, grant, loan, or cooperative agreement, the undersigned shall complete and submit standard Form-LLL, "Disclosure Form to Report Lobbying", in accordance with its instructions.
iii. The CITY shall require that the language provided in Sections 4(c) of this Agreement be included in the award documents for all sub-awards at all tiers (including subcontracts, sub- grants and contracts under grants, loans, and cooperative agreements) and that all sub-recipients shall certify and disclose accordingly. This certification is a material representation of fact upon which reliance was placed when this transaction was made or entered into.
(iv). In accordance with Section 519 of Public Law 101-144, (the 1990 HUD Appropriations Act), the CITY certifies that it has adopted and is enforcing a policy prohibiting the use of excessive force by law enforcement agencies within its jurisdiction against any individuals engaged in non-violent civil rights demonstrations, and that it has adopted and is enforcing applicable State and local laws against physically barring entrance to, or exit from, a Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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facility or location which is the subject of such non-violent civil rights demonstrations within its jurisdiction.
5. COMPLIANCE WITH POLICY AND PROGRAM OBJECTIVES.
The COUNTY’s Board of Supervisors have adopted policies and procedures to ensure efficient and effective administration of the CDBG, HOME and ESG programs. COUNTY will provide these policies and procedures to CITY within a reasonable time after this Agreement’s commencement date. COUNTY and City agree to comply with these said policies and program objectives and to take no actions to obstruct implementation of the approved 2024-2029 Five Year Consolidated Plan and the subsequent Five-Year Consolidated Plan.
6. OTHER AGREEMENTS
Pursuant to Federal regulations at 24 CFR 570.501(b), CITY is subject to the same requirements applicable to sub-recipients, including the requirement of a written agreement set forth in Federal regulations at 24 CFR 570.503. For each fiscal year during the term of this Agreement, COUNTY and CITY shall enter into an additional agreement, commonly known as a Supplemental Agreement, that will have a term coinciding with a CDBG Program Year and enumerate the project(s) CITY will implement with its entitlement funds. Said Supplemental Agreement will set forth the time schedule for completion of said project(s) and any funding sources, in addition to entitlement funds, that will be used in completing the project(s). If substantial compliance with the completion schedule, due to unforeseen or uncontrollable circumstances, cannot be met by CITY, the schedule for the project(s) may be extended by COUNTY. If COUNY determines that substantial progress toward drawdown of funds is not made during the term of the Supplemental Agreement, the entitlement funds associated with the project(s) may be reprogrammed by COUNTY, to other activities as determined by COUNTY, after COUNTY provides appropriate written notice to CITY. COUNTY's decision not to extend the completion schedule associated with the project(s), or to reprogram the entitlement funds associated with the project(s), will not excuse CITY from complying with terms of this Agreement.
7. DETERMINATION OF PROJECTS TO BE FUNDED AND
DISTRIBUTION OF ENTITLEMENT FUNDS.
Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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CITY agrees to submit to COUNTY in writing, no later than the date specified by COUNTY prior to each program year, the activities that the CITY desires to implement with its entitlement funds, said designation to comply with statutory and regulatory provisions governing citizen's participation. Said designation is to be reviewed by the COUNTY's Housing and Workforce Solutions to determine that the projects are eligible under Federal regulations for funding and inclusion in the One Year Action Plan of the County’s Five-Year Consolidated Plan and consistent with both Federal and COUNTY policy governing use of Community Development Block Grant (CDBG) funds.
In the event that CITY fails to submit to COUNTY the identified activities that the CITY desires to implement with its entitlement funds by the date specified prior to each program year, the COUNTY may determine the activities to be funded, without consent of the CITY, consistent with both Federal and COUNTY policy governing use of Community Development Block Grant (CDBG) funds.
Consistent with Sections 3, 4, 5, 6, and 7 of this Agreement, COUNTY's Board of Supervisors will make the final determination of the distribution and disposition of all CDBG funds received by COUNTY pursuant to the Act.
8. COMMUNITY DEVELOPMENT BLOCK GRANT MANUAL.
CITY warrants that those officers, employees, and agents, retained by it and responsible for implementing projects funded with CDBG have received, reviewed, and will follow the Community Development Block Grant Manual that has been prepared and amended by COUNTY, which Manual is incorporated herein and made a part hereof by this reference.
9. REAL PROPERTY ACQUIRED OR PUBLIC FACILITY
CONSTRUCTED WITH CDBG FUNDS.
When CDBG funds are used, in whole or in part, by CITY to acquire real property or to construct a public facility, CITY shall comply with the National Environmental Policy Act of 1969 (42 U.S.C. § 4321, et seq.), the California Environmental Quality Act (Cal. Pub. Resources Code § 21000, et seq.), the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (42 U.S.C. § 4630, et seq.), and California Government Code Sections 7260 et seq., Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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as those laws may be amended from time-to-time and any Federal or state regulations issued to implement the aforementioned laws.
In addition, the following is to occur:
(a) Title to the real property shall vest in CITY;
(b) The real property title will be held by or the constructed facility will be maintained by the CITY for the approved use until five years after the date that the CITY is no longer considered by HUD to be a part of the metropolitan city or urban county, pursuant to 24 CFR 570.501(b).
(c) While held by CITY, the real property or the constructed facility is to be used exclusively for the purpose for which acquisition or construction was originally approved by COUNTY;
(d) CITY shall provide timely written notice to COUNTY of any action which would result in a modification or change in the use of the real property purchased or improved, in whole or in part, with CDBG or HOME funds from that planned at the time of acquisition or improvement, including disposition.
(e) CITY shall provide timely written notice to citizens and opportunity to comment on any proposed modification or change;
(f) Written approval from COUNTY must be secured if the property or the facility is to be put to an alternate use that is or is not consistent with Federal regulations governing CDBG funds;
(g) Should CITY desire during the five (5) year period to use the real property or the constructed facility for a purpose not consistent with applicable Federal regulations governing CDBG funds or to sell the real property or facility, then:
(i) If CITY desires to retain title, it will have to reimburse either COUNTY or the Federal government an amount that represents the percentage of current fair market value that is identical to the percentage that CDBG funds initially comprised when the property was acquired or the facility was constructed;
(ii) If CITY sells the property or facility, or is required to sell the property Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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or facility, CITY is to reimburse the COUNTY an amount that represents the percentage of proceeds realized by the sale that is identical to the percentage that CDBG funds comprised of the monies paid to initially acquire the property or construct the facility. This percentage amount will be calculated after deducting all actual and reasonable cost of sale from the sale proceeds.
10. DISPOSITION OF INCOME GENERATED BY THE EXPENDITURE
OF CDBG FUNDS.
CITY shall inform COUNTY in writing of any income generated by the expenditure of CDBG funds received by CITY from COUNTY. CITY may not retain program income so generated. Any and all program income shall be returned to the County and may only be used for eligible activities in accordance with all CDBG requirements, including all requirements for citizen participation.
The COUNTY is required by HUD to monitor and report the receipt and use of all program income. CITY is required to track, monitor, and report any and all program income as requested by COUNTY.
11. TERMINATION.
Except as provided for in Section 2, CITY and COUNTY cannot terminate or withdraw from this Agreement while it remains in effect.
12. NOTICES.
All correspondence and notices required or contemplated by this Agreement shall be delivered to the respective parties at the addresses set forth below and are deemed submitted two days after their deposit in the United States mail, postage prepaid:
COUNTY OF RIVERSIDE
Heidi Marshall, Director
CITY OF SAN JACINTO
Travis Randel, Interim City Manager
County of Riverside HWS City of San Jacinto
3403 Tenth Street, Suite 300 595 S. San Jacinto Avenue
Riverside, CA 92501 San Jacinto, CA 92583
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13. AGREEMENT ADMINISTRATION.
The City Manager of the CITY, and the Director of Housing and Workforce Solutions of County of Riverside, or their designee, shall administer the terms and conditions of this Agreement for their respective city or county.
14. COOPERATION; FURTHER ACT.
The PARTIES shall cooperate fully with one another, and shall take any additional acts or sign any additional documents as may be necessary, appropriate or convenient to attain the purpose of the Agreement.
15. NO THIRD-PARTY BENEFICIARIES.
This Agreement is made and entered into for the sole protection and benefit of the PARTIES hereto and shall not create any rights in any third parties. No other person or entity shall have any right or action based upon the provisions of the Agreement.
16. SECTION HEADINGS.
The Section headings herein are for the convenience of the PARTIES only and shall not be deemed to govern, limit, modify or in any manner affect the scope, meaning or intent of the provisions or language of this Agreement.
17. FORMER AGREEMENTS UTILIZING COMMUNITY
DEVELOPMENT BLOCK GRANT FUNDS BETWEEN COUNTY AND CITY.
All agreements between CITY and COUNTY regarding the use of CDBG funds for fiscal years 1975-76 through fiscal years 2026-27 and any Supplemental Agreements there under, shall remain in full force and effect. If the language of this Agreement is in conflict or inconsistent with the terms of any prior said agreements between CITY and COUNTY, the language of this Agreement will be controlling.
18. INDEMNIFICATION
CITY agrees to indemnify, defend, and hold harmless COUNTY and its authorized officers, employees, agents, and volunteers from any and all claims, actions, losses, damages, and/or liability arising from CITY acts, errors or omissions and for any costs or expenses incurred by COUNTY on account of any claim therefore, except where such indemnifications is prohibited Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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by law. CITY shall promptly notify COUNTY in writing of the occurrence of any such claims, actions, losses, damages, and/or liability.
CITY shall indemnify and hold harmless COUNTY against any liability, claims, losses, demands, and actions incurred by COUNTY as a result of the determination by HUD or its successor that activities undertaken by CITY under the program(s) fail to comply with any laws, regulations, or policies applicable thereto or that any funds billed by and disbursed to CITY under this Agreement were improperly expended.
19. COMPLIANCE WITH LAWS AND REGULATIONS.
By executing this Agreement, the Parties hereby certify that they will adhere to and comply with all Federal, state and local laws, regulations and ordinances.
20. ENTIRE AGREEMENT.
It is expressly agreed that this Agreement embodies the entire agreement of the Parties in relation to the subject matter hereof, and that no other agreement or understanding, verbal or otherwise, relative to this subject matter, exists between the Parties at the time of execution.
21. SEVERABILITY.
Each paragraph and provision of this Agreement is severable from each other provision and in the event any provision in this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provision will never the less continue in full force without being impaired or invalidated in any way.
22. ASSIGNMENT.
CITY shall not make any sale, assignment, conveyance or lease of any trust or power, or transfer in any other form with respect to this Agreement, or delegate or assign any interest in this Agreement without prior written approval of the County.
23. INTERPRETATION AND GOVERNING LAW.
This Agreement and any dispute arising hereunder shall be governed by and interpreted in accordance with the laws of the State of California. This Agreement shall be construed as a whole according to its fair language and common meaning to achieve the objectives Cooperation Agreement For CDBG, HOME And ESG Funds 2027-2029
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and purposes of the Parties hereto, and the rule of construction to the effect that ambiguities are to be resolved against the drafting Party shall not be employed in interpreting this Agreement, all Parties having been represented by counsel in the negotiation and preparation hereof.
24. WAIVER.
Failure by a Party to insist upon the strict performance of any of the provisions of this Agreement by the other Party, or the failure by a Party to exercise its rights upon the default of the other Party, shall not constitute a waiver of such Party’s right to insist and demand strict compliance by the other Party with the terms of this Agreement thereafter.
25. JURISDICTION AND VENUE.
Any action at law or in equity arising under this Agreement or brought by a Party hereto for the purpose of enforcing, construing or determining the validity of any provision of this Agreement shall be filed in the Superior Court of California, County of Riverside, State of California, and the Parties hereto waive all provisions of law providing for the filing, removal or change of venue to any other court or jurisdiction.
26. AMENDMENTS
No change, amendment, or modification to the Agreement shall be valid or binding upon CITY or COUNTY unless such change, amendment, or modification is in writing and duly executed. CITY and COUNTY agree to adopt any necessary amendments to this Agreement to incorporate changes required by HUD as set forth in the Urban County Qualification Notice.
Amendments must be submitted to HUD as provided in the Urban County Qualification Notice and failure to do so will void the automatic renewal for such qualification period.
27. PROHIBITION OF CDBG FUND TRANSFER
Parties to this Agreement understand and agree that they may not sell, trade, or otherwise transfer all or any portion of CDBG Part 52 funds to a Metropolitan City, Urban County, unit of general local government, or insular area that directly or indirectly receives CDBG funds in exchange for any funds, credits, or non-Federal considerations, but must use such funds for activities eligible under Title I of the Housing and Community Development Act of 1974, as amended
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28. EMERGENCY SOLUTIONS GRANT FORMULA ALLOCATION
CITY acknowledges that while participating in the COUNTY’s Urban County program, CITY can only receive a formula Emergency Solutions Grant (ESG) allocation from the Urban County program and only at such times as authorized by the Board of Supervisors. The CITY and COUNTY may also apply for ESG funds from the State of California, if permitted by the State.
29. HOME INVESTMENT PARTNERSHIP ACT FORMULA
ALLOCATION
CITY acknowledges that while participating in the COUNTY’s Urban County program, CITY can only receive a formula HOME allocation from the Urban County program and only at such times as authorized by the Board of Supervisors. The CITY and COUNTY may also apply for HOME funds from the State of California, if permitted by the State.
30. AUTHORITY TO EXECUTE.
The persons executing this Agreement or exhibits attached hereto on behalf of the Parties to this Agreement hereby warrant and represent that they have the authority to execute this Agreement and warrant and represent that they have the authority to bind the respective Parties to this Agreement to the performance of its obligations hereunder.
31. INCORPORATION OF RECITALS
The Parties hereby affirm the facts set forth in the recitals above. Said recitals are incorporated herein and made an operative part of this Agreement.
32. COUNTERPARTS
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which, together, shall constitute one and the same instrument. [SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the COUNTY and CITY have executed this Agreement on the date shown below.
Date: _______________________
COUNTY OF RIVERSIDE, CITY OF SAN JACINTO,
a political subdivision of the a general law city
State of California
BY: ____________________________ BY: _________________________ Heidi Marshall, Director Mayor or City Manager
Housing and Workforce Solutions
APPROVED AS TO FORM: ATTEST:
Minh C. Tran,
County Counsel
BY: ________________________
By: __________________________________ City Clerk
Braden Holly
Deputy County Counsel
APPROVED AS TO FORM:
BY: __________________________
City Attorney
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COUNTY COUNSEL CERTIFICATION
The Office of County Counsel of the County of Riverside hereby certifies that the terms and provisions of this Agreement are fully authorized under state and local law and that the Agreement provides full legal authority for the COUNTY to undertake, or assist in undertaking, essential community development and housing assistance activities specifically urban renewal and publicly assisted housing.
County Counsel
By: ____
Deputy County Counsel, Braden Holly
Resolution No. 4137
STATE OF CALIFORNIA ) RESOLUTION NO. 4137
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SAN JACINTO AUTHORIZING PARTICIPATION IN THE
COUNTY OF RIVERSIDE’S URBAN COUNTY PROGRAM
FOR FISCAL YEARS 2027, 2028, AND 2029
WHEREAS, the County of Riverside has initiated the next Urban County qualification cycle for Fiscal Years 2027, 2028, and 2029 and has requested that participating jurisdictions adopt a resolution confirming participation in the Urban County Program and approve a Cooperation Agreement; and
WHEREAS, the City of San Jacinto has elected to participate as unit of local government (Cooperating City) in the County of Riverside’s Urban County Program for Federal Fiscal Years 2027, 2028, and 2029; and
WHEREAS, the Cooperation Agreement will allow the County and City to carryout activities which are funded by Community Development Block Grant (CDBG), Home Investment Partnerships Program (HOME) funds, and Emergency Solutions Grant (ESG); and
WHEREAS, the Cooperation Agreement will allow the Cooperating City to participate in the Urban County Consolidated Planning Programs.
NOW THEREFORE, BE IT RESOLVED, determined, and ordered by the City Council of the City of San Jacinto, California, as follows:
SECTION 1. The Cooperation Agreement between the County of Riverside and the City of San Jacinto is hereby approved; and
SECTION 2. Authorization to Execute Agreement. The City Manager, or designee, is hereby authorized and directed to execute the Cooperation Agreement and any related documents necessary to effectuate the City's participation in the County of Riverside Urban County Program for Fiscal Years 2027, 2028, and 2029.
PASSED, APPROVED, and ADOPTED at a Regular Meeting of the City Council on the 21st day of July, 2026, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
Resolution No. 4137
CITY OF SAN JACINTO:
_____________________________
Crystal Ruiz, Mayor
ATTEST:
_____________________________________
Julia Espinoza, City Clerk
APPROVED AS TO FORM:
BEST BEST & KRIEGER LLP
_____________________________________
Craig Hayes, City Attorney
Resolution No. 4137
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
CERTIFICATION
I, Julia Espinoza, duly appointed City Clerk of the City of San Jacinto, do hereby certify that the foregoing Resolution No. 4137 was duly passed, approved, and adopted at a Regular Meeting of the City Council of the City of San Jacinto on the 21st day of July, 2026, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
WITNESS MY HAND AND OFFICIAL SEAL this 21st day of July, 2026. _________________________
Julia Espinoza, City Clerk
City of San Jacinto
July 21, 2026
TO: City Council
REQUESTED
BY: Yaneli Hernandez, Senior Planner
APPROVED
BY:
Travis Randel, Interim City Manager
SUBJECT:
A proposal by Taylor and Clark Consulting on behalf of Chacon, LLC, to establish a master-planned residential development consisting of 419 dwelling units as well as the construction of onsite roadways, a detention basin, parks, and on-site landscaping on 73.97-net acres.
RECOMMENDATION:
The Planning Commission recommends that the City Council:
1. DETERMINE that the proposed Project will not have a significant effect on the environment with the incorporation of mitigation measures based on the findings set forth in the case record and ADOPT a Mitigated Negative Declaration (MND) and Mitigation Monitoring and Reporting Program, pursuant to the California Environmental Quality Act (CEQA);
2. ADOPT Resolution No. 4138 to ADOPT the General Plan Amendment entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO, CALIFORNIA, APPROVING GENERAL PLAN AMENDMENT PLAN23-0004 FROM VERY LOW DENSITY RESIDENTIAL TO LOW
DENSITY RESIDENTIAL FOR THE CHACON FARMS RESIDENTIAL DEVELOPMENT LOCATED AT THE NORTHWEST CORNER OF ESPLANADE AVENUE AND CAWSTON AVENUE;
3. INTRODUCE Ordinance No. 26-04 to APPROVE the Change of Zone entitled:
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO, CALIFORNIA, APPROVING ZONE CHANGE PLAN23-0005, CHANGING THE ZONING FROM RESIDENTIAL RURAL (RR) TO
RESIDENTIAL LOW DENSITY (RL) LOCATED AT THE NORTHWEST CORNER OF ESPLANADE AVENUE AND CAWSTON AVENUE; and
4. ADOPT Resolution No. 4141 to APPROVE the Project entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO, CALIFORNIA, APPROVING A GENERAL PLAN AMENDMENT (PLAN23-0004) FROM VERY LOW DENSITY RESIDENTIAL TO LOW DENSITY RESIDENTIAL, A CHANGE OF ZONE (PLAN23-0005) CHANGING THE ZONING FROM
RESIDENTIAL RURAL (RR) TO RESIDENTIAL LOW DENSITY (RL), A PLANNED DEVELOPMENT PERMIT TO ESTABLISH A PLANNED RESIDENTIAL DEVELOPMENT WITH 419 DWELLING UNITS, AND TENTATIVE TRACT MAP 39076 TO SUBDIVIDE THE 73.97 ACRE PROPERTY LOCATED AT THE AT THE NORTHWEST CORNER OF ESPLANADE AVENUE AND CAWSTON AVENUE.
DISCUSSION:
On March 24, 2026, the Planning Commission, after holding a Public Hearing, unanimously adopted PC Resolution No. 26- 01, recommending that the City Council approve PROJ23-0029 (“Project”).
The Project is a proposal by Taylor and Clark Consulting on behalf of Chacon, LLC, to establish a master-planned residential development consisting of 419 homes as well as the construction of onsite roadways, detention basins, parks, and on-site landscaping on 73.97 net acres. To facilitate the development, the applicant submitted a General Plan Amendment (GPA), Change of Zone (CZ), Planned Development Permit (PDP), and Tentative Tract Map (TTM 39076) for review and approval.
While most subdivisions are approved by the Planning Commission, projects that contain policy decisions, such as a GPA, CZ, and PDP, require review and approval of the City Council.
The Project site is located on the west side of Cawston Avenue, extending between Seventh Street and Esplanade Avenue. The project site is currently occupied by Chacon Farms and Bruno Ranches agricultural operations, which includes two singlefamily residences occupied by caretakers. The project site is surrounded by residential uses to the north and east, residential and agricultural uses to the west, and a dairy farm to the south. The current General Plan Land Use Designation is Very Low Density Residential, and the current Zone is Rural Residential. The existing designations allows a maximum of 2 units per gross acre (151 dwelling units for the project site).
The proposed General Plan Amendment designation is Low Density Residential (LDR) and the proposed zoning is Residential Low Density (RL). The LDR and RL designations allow residential uses with densities ranging from 2.1 to 7 dwelling units per acre. This change is necessary to allow the developer to meet their project objectives to construct homes on smaller-lots, with a denser product type than is currently permitted on the site. The proposed designations are compatible with all the surrounding land uses and consistent with the character and density of the development north and west of the project. If adopted, the General Plan Amendment and Change of Zone would allow a minimum of 158 units and a maximum of 529 units.
Subdivision
TTM 39076 consists of 419 individual lots, ranging in size from 3,700 to 7,900 square feet. The subdivision would also establish internal roadways, basins, and designated open space and park areas. Two vehicular access points are planned, which include an east-west oriented roadway from Cawston Avenue, which borders the development to the east, and a north-south oriented roadway that connects to Seventh Street which borders the project to the north. These two proposed entrance roadways lead to a network of internal streets within the tract that ensure appropriate access to every facet of the development, including all homes, parks and basins. The new roads will be private streets that include curb, gutter, sidewalks and streetlights.
The internal roads will be private streets, maintained by an Homeowners Association (HOA) with parking allowed on one side of each street.
The recommended conditions of approval require the applicant to widen Seventh Street and Cawston Avenue and install improvement to each roadway that include curb, gutter, sidewalk, streetlights and landscaping. In addition, to ensure that nearby intersections will operate at acceptable levels with the additional traffic created, traffic signals will be required at the intersections of Cawston Avenue and Seventh Street as well as Cawston Avenue and Cottonwood Avenue. The Engineering and Fire Department have reviewed the project to ensure it meets all access and circulation requirements.
Frontage improvements, including curb, gutters and sidewalks, along Esplanade Avenue, which borders the project site to the south, will be constructed as part of the City’s adopted Capital Improvement Program (CIP), which includes the widening of Esplanade Avenue from Warren Road to Sanderson Avenue. The CIP project also include a traffic signal at the intersection at Cawston Avenue and Esplanade Avenue and therefore it is not a required condition of approval. However, the Developer will be required to install the street lights and landscaping improvements along Esplanade Avenue, which are not covered by the City's CIP Project.
Planned Development Permit (PDP)
A PDP is also proposed as part of the Project to support the ultimate development of the subdivision. The PDP provides for a more efficient use of the land and a better living environment and also encourages enhanced amenities. The PDP incorporates the following design features and improvements to facilitate the proposed community:
Five different architectural styles for the homes with nine color schemes; A dual park and basin feature that provides both recreation space and functional stormwater infrastructure; Play equipment and design elements that reflect the agricultural character of the surrounding area; A coordinated landscape palette that complements the architectural character of the surrounding area; Decorative perimeter walls with stone veneer pilasters, enhanced with landscaping and vines; Tubular steel fencing with split-face block pilasters at the water quality basin; An enhanced entry feature along Cawston Avenue with accent landscaping and 24-inch box trees; A paseo connection to Esplanade Avenue providing pedestrian access to and from the community; Architectural design standards that exceed minimum Development Code requirements, including five floors plans with multiple elevation types and varied materials such as siding, brick and stone veneer, clay tile elements, and enhanced widow treatments.
The PDP also allows deviations from some of the Development Standards of the RL zone. The modifications to the development standards ensure a more efficient use of the project site, while remaining consistent with the Goals and Policies of the General Plan, and market trends. The applicable standards are listed in the table below:
Development Feature RL Zone Development Code Proposed Proposed Modific Density 2.1-7.0 DU/AC 5.53 DU/AC No
Parcel Area (Net) 5,000 sq. ft. 3,717 sq. ft. Yes
Parcel Width Interior 50 ft. 45 ft. Yes
Parcel Width Corner 70 ft. 25 ft. Yes
Parcel Depth 100 ft. 60 ft. Yes
Setback Front of Building 20 ft. 10 ft. Yes
Setback to Front of Garage N/A 20 ft. N/A
Setback (Interior) 5 ft. 4 ft. Yes
Setback Street Side 10 ft. 5 ft. Yes
Setback Rear 20 ft. 10 ft. Yes
Rear with Slope 20 ft. 10 ft. Yes
Lot Coverage - Structure 55% 60% Yes
Primary Structure Height 35 ft. 35 ft. No
Proposed Homes
The proposed residential units would include 4 to 5 bedrooms, and optional loft spaces within specific floor plans. The development includes one- and two-story homes inspired by an agrarian architecture. The homes would range in size from approximately 1,758 to 3,025 square feet, providing a variety of housing options capable of meeting the needs of different household types and lifestyles. All homes would include a two-car garage as well as driveways that can accommodate additional parking.
PLANNING COMMISSION:
On March 24, 2026, the Planning Commission conducted a Public Hearing for the proposed project. During the hearing, Staff recommended the modification of condition #79 and condition #108 requiring that the Development Impact Fees be subject to the provisions of the enabling ordinance and based upon the fee schedule in effect on the Vesting Date (3/31/2026). At the close of the Public Hearing, the Planning Commission unanimously adopted PC Resolution No. 26-01 (5-0 in favor), recommending that the City Council approve the project with the revised Conditions of Approval (attached).
Following Planning Commission review, staff added Condition No. 88 to the Conditions of Approval to require the applicant to construct a new traffic signal at the intersection of Seventh Street and Cawston Avenue. Although the Planning Commission staff report identified the signal improvement in the staff report to the Planning Commission, the condition was inadvertently omitted from the final compiled list of conditions. The addition of Condition No. 88 ensures consistency with the traffic analysis, reflects staff’s original recommendation, and maintains the full set of improvements necessary to support safe and efficient circulation in the project area.
In addition, Staff has also added Condition No. 61 to clarify that the developer/applicant shall design the residential units, common areas, recreation buildings, project amenities, and other permanent on-site facilities to operate on electrical power only, consistent with the assumptions evaluated in the Project’s Initial Study/Mitigated Negative Declaration and supporting Air Quality, Greenhouse Gas, and Energy analysis.
PUBLIC NOTICING AND COMMENTS (CITY COUNCIL):
A 10-day notice of public hearing was advertised on June 26, 2026, in the Press Enterprise. In addition, notices of public hearing were mailed to all property owners within 300 feet of the project site. As of the writing of this staff report, the City received four comment letters that have been included in the attachments.
CONCLUSION:
With approval of the General Plan Amendment, Change of Zone, Planned Development, and Tentative Tract Map, the Project would comply with all applicable provisions of the Development Code. Additionally, the proposed project will produce a development of superior quality and excellence in design through a variety of proposed enhancements within the community.
The modified development standards proposed within the PDP allows flexibility in site planning, while upholding the intentions and goals of the General Plan. Furthermore, the project is expected to cater to a different segment of the market that will be drawn to the community based on the smaller lot sizes, product types, and the overall project design. Based on this summary and the findings outlined in the report, staff, and the Planning Commission, support the project.
ENVIRONMENTALASSESSMENT:
This Project has been reviewed in accordance with the California Environmental Quality Act (“CEQA”) and State CEQA guidelines with the preparation of an Initial Study to determine the potential environmental impacts of the project. The Initial Study concluded that with applied mitigation the Project would not result in a significant effect on the environment with the inclusion of mitigation measures related to Biological Resources, Cultural Resources, Geology and Soils, Hazards and Hazardous Materials, Noise, and Tribal Cultural Resources. The initial Study and Mitigated Negative Declaration (IS/MND) was circulated for a 30-day public comment period via the publication of a Notice of Intent on October 28, 2025. In addition to the publication, the IS/MND was submitted to the State Clearing House for posting (SCH No. 2025101241).
During the course of the project review, the City received comment letters from the Department of Toxic Substances Control (DTSC), the Department of Conservation, individuals associated with Talley Meadows Layups and Retirement business, and Supporters Alliance for Environmental Responsibility (SAFER). While CEQA does not require a written response to comments on an MND, Staff elected to prepare responses to the comments on the Draft IS/MND as a matter of good public policy and transparency. Accordingly, a Final IS/MND (attached) includes written responses to all comments received during the review of the project up until the writing of this report. No new significant environmental impacts or a substantial increase in the severity of previously identified impacts have been identified and therefore, staff determined that a Mitigated Negative Declaration (MND) was the appropriate CEQA document in support of the Project.
The following is a brief summary of comments and responses:
Department of Toxic Substances (DTSC).
The Department of Toxic Substances Control (DTSC), provided recommendations regarding potential contaminants of concern (COCs).
Response:
As part of the MND a Phase 1 Environmental Site Assessment (ESA) was prepared, which did not identify recognized environmental conditions (RECs) requiring immediate subsurface investigation. However, additional soil sampling was also conducted, and no pesticides or heavy metals were detected in the shallow soil samples.
Department of Conservation
The Department of Conservation, provided advisory comments regarding the project’s potential conversion of Important Farmland.
Response:
This concern was previously evaluated in the Agriculture and Forestry Resources section of the City of San Jacinto General Plan Environmental Impact Report (EIR). The agricultural resource impacts associated with converting Important Farmland, including the infeasibility of preservation-based mitigation, were fully evaluated and disclosed in the General Plan 2040 EIR.
Talley Meadows Ranch
Talley Meadows Ranch provided concerns about traffic safety and pedestrian hazards on Cawston Avenue along the project frontage.
Response:
Issues related to the safety and functional design of the street frontage have been addressed through the engineering review and approval process, which ensures that all frontage improvements and design details comply with the City’s requirements and standards. The improvements required to address the traffic generated by the Project are included in the recommended Conditions of Approval for the Project. As mentioned above, the conditions require the applicant to widen both Seventh Street and Cawston Avenue and install improvement to each roadway that includes curb, gutter, sidewalk, streetlights and landscaping on west side of Cawston Avenue and the south side of Seventh Street. A preliminary signing and striping plan has been included in the staff report to illustrate how the traffic will circulate after the improvements have been installed, which has been review by the City Engineer to ensure traffic safety. In addition, a traffic signal will be required at the intersection of Cawston Avenue and Seventh Street which will enhance circulation.
Supporters Alliance for Environmental Responsibility
In a letter dated March 24, 2026, the Supporters Alliance for Environmental Responsibility (SAFER) asserted that the IS/MND is improper under CEQA due to its alleged failure to adequately assess the Project's potentially significant environmental impacts, requested preparation of an Environmental Impact Report (EIR) on the basis that a fair argument exists that the Project may have adverse environmental impacts, and reserved the right to supplement the comment throughout the administrative process. SAFER subsequently submitted an additional comment letter dated July 3, 2026, during the public review period, asserting that substantial evidence supports a fair argument that the Project may result in significant impacts related to air quality, greenhouse gas emissions, indoor air quality, agricultural resources, and biological resources, and again requesting preparation of an EIR.
Response:
Staff has reviewed the SAFER letter dater July 3, 2026 and there are no issues that have been raised that require a revision to the Environmental Document or that necessitate the Preparation of an Environmental Impact Report. A response to the letter is being prepared in coordination with the Applicant and will be provided to the Council prior to the City Council Meeting.
FISCAL IMPACT:
There is no impact to the General Fund by approving the project. As is typical with subdivisions, the project is conditioned to provide a funding mechanism for the ongoing maintenance of basins and parks within the project boundary. The funding mechanism is typically accomplished by annexation into a Community Facility District (CFD). The funding mechanism will ensure that the project does not rely on the General Fund to provide these services.
In addition, the project will also provide a funding mechanism to support public safety throughout the Project and City, which is typically accomplished by annexation of the project site into an existing Public Safety CFD.
Attachments
Resolution_4138.pdf
Ordinance_26-04.pdf
Resolution_4141.pdf
Planning_Commission_Recommended_Conditions_of_Approval_v2.pdf Resolution_-_PC_RESOLUTION_NO_26-01.pdf
Chacon_Farms_Final_ISMND_TTM_39076_5-26-26.pdf
Tentative_Tract_Map_39076.pdf
Planning_Commission_Staff_Report_March_24_2026.pdf
Findings_of_Fact.pdf
20260703Chacon_Farms_CC_Comments-_FINAL_with_Exhibits.pdf 20260324_SAFER_Comment_-_Chacon_Farms_Project.pdf
Public_Comment_Talley.pdf
Public_Comment_Tomoni.pdf
Resolution No. 4138
STATE OF CALIFORNIA ) RESOLUTION No. 4138
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JACINTO, CALIFORNIA APPROVING GENERAL PLAN AMENDMENT PLAN23-0004 FROM
VERY LOW DESNITY RESIDENTIAL TO LOW DENSITY RESIDENTIAL FOR THE
CHACON FARMS RESIDENTIAL DEVELOPMENT LOCATED AT THE NORTHWEST
CORNER OF ESPLANADE AVENUE AND CAWSTON AVENUE
WHEREAS, Chacon LLC, filed an application on October 30, 2023 to amend the General Plan under PLAN23-0004 for the Chacon Farms residential development, (“Application”). The proposed project is located at the northwest corner of Esplanade Avenue and Cawston Avenue, APN’s 432-260-009, -026, and -027. (“Subject Site”); and WHEREAS, the Application, along with other applications submitted for the Subject Site, would establish the Chacon Farms residential community within the proposed Low Density Residential land use designation of the San Jacinto General Plan; and WHEREAS, the Project, including the Application, was reviewed, studied, and found to not have a significant effect on the environment under the California Environmental Quality Act (“CEQA”) as more fully described in Section 3 below; and WHEREAS, on March 24, 2026, the Planning Commission of the City of San Jacinto (“Commission”) conducted a duly noticed public hearing on the Project, including the Application, at which time all persons wishing to testify in connection with the Project were heard and the Project was comprehensively reviewed; and
WHEREAS, on July 21, 2026, the City Council in the City of San Jacinto conducted duly noticed Public Hearings on the Application at which time all persons wishing to testify in connection with the Application were heard and the Application was comprehensively reviewed by the City Council; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred.
NOW, THEREFORE, BE IT RESOLVED, ordered and determined by the City Council of the City of San Jacinto:
Section 1. Based on the entire record before the City Council, including all written and oral evidence presented to the City Council, the administrative record of the written and oral evidence presented to the Planning Commission, and the findings set forth in this Resolution, the City Council approves General Plan Amendment (PLAN23-0004).
Section 2. Based on the entire record before the City Council, including the staff report, and all written and oral evidence presented to the City Council, including the staff report, Mitigated Negative Declaration (MND), and the Mitigation Monitoring and Reporting Program (MMRP) the City Council find as follows:
a. The proposed General Plan Amendment (PLAN23-0004) to change the Very Low Density Residential (VLDR) designation on the Subject Site to Low Density Residential (LDR) creates consistency with the proposed Change of Zone to Residential Low Density (RL), Resolution No. 4138