City Council Finance Committee
November 13, 2025

City of San Ramon

FINANCE COMMITTEE
AGENDA
Sridhar Verose, Chair • Marisol Rubio, Vice Chair
City Hall - Large Conference Room, Second Floor
7000 Bollinger Canyon Road
Regular Meeting
4:30 PM
November 13, 2025
AGENDA QUESTIONS: PLEASE CALL THE ADMINISTRATIVE SERVICES DIRECTOR AT (925) 973-2576

1. CALL TO ORDER

2. PUBLIC COMMENT
At this time, members of the public are encouraged to address the Committee on any item not already included on the agenda. Comments should not exceed three (3) minutes. No Committee action can be taken at this meeting on issues raised during public comment.

3. APPROVAL OF MINUTES

3.1 Finance Committee - Regular Meeting - August 14, 2025

4. UNFINISHED BUSINESS

5. NEW BUSINESS

5.1 Capital Improvement Program (CIP) – FY 2024/25 Completed Project Budget Analysis
Staff Report by Amy Amiri, Senior CIP Analyst

5.2 California Employer's Benefit Trust (CERBT) for the Quarter Ended September 30, 2025
Staff Report by Jennifer Wakeman, Finance Director

5.3 Public Agency Retirement Services (PARS) Pension Stabilization Trust Statements for the Quarter Ended September 30, 2025
Staff Report by Jennifer Wakeman, Finance Director

5.4 Certificate of Achievement for Excellence in Financial Reporting for Fiscal Year Ended June 30, 2024
Staff Report by Jennifer Wakeman, Finance Director
2 Finance Committee Meeting – November 13, 2025

5.5 City of San Ramon Quarterly Investment Report for the Period Ending September 30, 2025
Staff Report by Michelle Joe, Finance Analyst

6. COMMITTEE MEMBER COMMENTS

7. ADJOURNMENT
The next Finance Committee Meeting is scheduled for December 11, 2025.

I hereby certify the agenda was posted 72 hours before the noted meeting. This agenda is posted in accordance with Government Code Section 54954.2(a). To make a request for disability-related accommodation to participate in the meeting, please contact the City Clerk’s Office 48 hours in advance of the meeting at 925-973-2539 or [email protected].

Dated: November 6, 2025
3 Finance Committee Meeting – November 13, 2025

ATTENDEE CONDUCT
There will be zero tolerance for any person addressing the Committee making profane, offensive and disruptive remarks, or engaging in loud, boisterous, or other disorderly conduct, that disrupts the orderly conduct of the public meeting. Specifically, it is important for all speakers to adhere to the following guidelines for participation in this meeting:
a. No profanity or obscenity
b. Refrain from personal threats or attacks.
c. Refrain from hateful epithets and demeaning language based on any person’s race, religion, sexual orientation, ethnicity, gender, or disability. d. Respect all people that are present.

At the discretion of the Committee Chair, a speaker may forfeit speaking time for any of the following reasons:
a. Exceeding the allotted time to speak;
b. Yelling, screaming, or other behavior that renders this Committee unable to continue the meeting;
c. Excessive profanity or slander; Specific threats or “fighting words” that incite violence; or
d. Speech that is outside the subject matter jurisdiction of the Committee or the specific agenda item in which you are speaking.

While the City of San Ramon ensures the First Amendment rights of its citizens, we do not accept nor endorse any offensive or hateful comments made during our meetings. The City of San Ramon celebrates the diversity of our community, and we strive to be a welcoming and open community for all.

MINUTES OF THE

CITY OF SAN RAMON FINANCE COMMITTEE
August 14, 2025

1. CALL TO ORDER
The meeting was called to order at 4:35 PM.

Attendee Name Title Status Arrived
Sridhar Verose Chair Present 4:33 PM
Marisol Rubio Vice Chair Present 4:25 PM
Also in attendance: Jennifer Wakeman, Finance Director; Scott Koll, Assistant City Manager; Vikki Rodriguez, Audit Partner/CEO of Maze & Associates; Nicki MacPherson, Accounting Specialist.

2. PUBLIC COMMENT
There were no public comments.

3. APPROVAL OF MINUTES

3.1 Finance Committee - Regular Meeting - Jul 16, 2025 4:30 PM RESULT: ACCEPTED [UNANIMOUS]
AYES: Verose, Rubio

4. UNFINISHED BUSINESS
There was no unfinished business.

5. NEW BUSINESS

5.1 PARS Pension Stabilization Trust Statement for the Period Ending June 30, 2025 Staff Report by Jennifer Wakeman, Finance Director
RESULT: ACCEPTED

5.2 SAS Communications for the FY25 Annual Comprehensive Financial Report Staff Report by Jennifer Wakeman, Finance Director
Presented by Vikki Rodriguez, Auditor/CEO of Maze & Associates RESULT: ACCEPTED

6. COMMITTEE MEMBER COMMENTS
Committee members had nothing additional to report.

3.1 Packet Pg. 3
Minutes Acceptance: Minutes of Aug 14, 2025 4:30 PM (APPROVAL OF MINUTES) 2 Finance Committee Meeting – August 14, 2025

7. ADJOURNMENT
The meeting adjourned at 5:18 PM. The next Finance Committee Meeting is scheduled for September 11, 2025.

3.1 Packet Pg. 4
Minutes Acceptance: Minutes of Aug 14, 2025 4:30 PM (APPROVAL OF MINUTES)

FINANCE COMMITTEE STAFF REPORT
DATE: November 13, 2025
TO: Finance Committee/City Manager
FROM: Brian Bornstein, Public Works Director
By: Amy Amiri, Senior Administrative Analyst
SUBJECT: Capital Improvement Program (CIP) – FY 2024/25 Completed Project Budget Analysis

EXECUTIVE SUMMARY
During FY 2024/25, Capital projects that were completed are presented in this report to show the completed costs versus the approved budget. This report captures the annual accounting report of the completed projects during the previous fiscal year.

RECOMMENDED ACTION
Staff recommends that the Finance Committee review the Completed Project Budget Analysis for the Capital Improvement Program for FY 2024/25 and provide comments.

BACKGROUND/DISCUSSION
Since the May 18, 2005 City Council Budget Workshop, staff has annually prepared an accounting report of the approved budget and the actual project costs for completed CIP projects for the previous fiscal year and presented it to the Finance Committee by the fall of each year.

This report provides a comparative analysis of the approved budget versus the actual costs for the Capital projects completed in FY 2024/25 as of September 30, 2025.

As part of this staff report, staff will present a PowerPoint summarizing the completed projects and the cost to complete each project. Also highlighted are some of the projects that continue to roll over each year to better illustrate what was completed in FY 2024/25, although the budget in these projects roll over into the following year.

FISCAL ANALYSIS
A total of 18 of the 75 projects were completed in FY 2024/25. Of the 75 projects, 24 are routine maintenance-related projects that continue year after year, and one has been deferred and/or reprogrammed to future years. The total project budget costs were $44,410,698; the total actual

5.1 Packet Pg. 5
project costs were $42,875,323, which results in a difference between budget and actual costs of $1,535,375.

The largest savings came from the pavement projects listed below:

Pavement Management 2023 Project (CIP 000008) - $742,817 The savings were primarily due to favorable bid pricing and having the concrete work for ADA ramps completed by a separate contractor and refinements to the overall scope of work. The remaining funds have been returned to the original funding source (Gas Tax) for future programming.

Pavement Management 2024 Project (CIP 000013) - $466,248 The savings were primarily due to favorable bid pricing and having the concrete work for ADA ramps completed by a separate contractor and refinements to the overall scope of work. The remaining funds have been returned to the original funding source (Gas Tax) for future programming.

Other savings upon project completion are as follows:
2023 Storm Damage Repairs Project - Coyote, S. San Ramon, and San Catanio Creeks (CIP 100001-B) - $59,724 The savings were primarily due to favorable bid pricing. The Project received grant from FEMA/OES for the eligible reimbursable work. The remaining balance will stay in project to address monitoring and compliance requirements for the next three years.

Cricket Pitch Installation Project (CIP 500002) - $111,975 The savings were primarily due to favorable bid pricing and use of in-house resources to complete some of the work. The unused remaining funds will remain in the project to look for additional sites and enhancements.

Pavement Repair - Stop Gap 2022/2023 Project (CIP 000006) - $89,614 The savings were mainly due to favorable bid pricing. All scheduled work was completed and the unused remaining funds have been returned back to the original funding source (Gas Tax Fund) for future programming.

The budget vs. actual costs for each completed project is more fully described in Attachment A.

The table below shows the breakdown of the project budget costs versus the actual project costs per fiscal year for the last 10 years through FY 2024/25:

FISCAL
YEAR
# OF

PROJECTS

COMPLETED
TOTAL
BUDGET
TOTAL
ACTUAL
2015/16 23 $12,994,479 $10,032,621
2016/17 13 $21,974,932 $20,238,670
2017/18 21 $10,957,898 $5,940,636

5.1 Packet Pg. 6
2018/19 19 $8,869,030 $8,433,850
2019/20 17 $9,249,040 $8,174,189
2020/21 16 $22,451,976 $19,873,177
2021/22 13 $15,277,368 $11,079,830
2022/23 24 $19,694,459 $15,951,522
2023/24 23 $5,958,289 $5,580,899
2024/25 18 $44,410,698 $42,875,323
All unspent funds are returned back to the original funding sources for reprogramming to future projects or remain in projects to address future improvements.

STEPS FOLLOWING APPROVAL
Staff will revise the CIP Project Budget Analysis Report to incorporate comments from the Finance Committee into future reports. Staff will continue to update the report on an annual basis, after the end of each fiscal year.

ATTACHMENT(S)
A - CIP Project Budget Analysis Report

5.1 Packet Pg. 7
Capital Improvement Program (CIP)
Complete Project Budget Analysis
Fiscal Year 2024-2025
Project
No. Project Name
Project
Budget
Actual Project
Cost Savings Funding Source
Date
Accepted/
Completed Comments
100001-B 2023 Storm Damage Repairs - Coyote, S.

San Ramon, and San Catanio Creeks
$550,252 $490,528 $59,724 IMF/GF/Grant 1/14/2025 Project is sub-project of main project that consisted of three projects. All work completed for this Project, and received reimbursement from FEMA/OES for the work. Unused funds to remain in main Project for addressing monitoring and compliance requirements for the next three years for the 3 sub-projects.
905613 Citywide Bicycle Network Improvements &
Enhancements
$192,907 $192,907 $0 COP 7/8/2025 All work completed, which included restriping, sharrows and improvements on Bollinger Canyon Road and Albion Road.
200008 Citywide Electric Vehicle Charging Stations $325,000 $294,988 $30,012 GF/TDM/Grant 1/14/2025 All work completed. Remaining funds returned back to General Fund. 955423 Citywide Playground Upgrades - Ramona
Park
$253,500 $254,280 ($780) PDF 2/25/2025 All work completed. Negative balance was offset from prior funds within the Project.
500002 Cricket Field Installation - Quail Run
Elementary School
$300,000 $188,025 $111,975 PDF 10/21/2024 All work completed and opened in October 2024. Unused funds will remain in project to look for additional sites and enhancements. 905312 Crow Canyon Rd./Barbados Dr. Intersection $175,000 $175,000 $0 TIF 8/12/2025 All work completed, and accepted at August 12, 2025 Council meeting. 905328 Crow Canyon Rd. Widening 4-6 Lanes
(Alcosta to West Branch) (C1.10) - Phase I -
Alcosta to St. George
$16,821,400 $16,821,400 $0 SCCJEPA 8/12/2025 All work completed, which included widening the lanes, landscape and irrigation improvements and retaining wall, sidewalks along Crow Canyon Road from Alcosta Boulevard to St. George Drive. Work was accepted by City Council on August 12, 2025.
200004 Dougherty Station Community Arts Center
Renovation
$2,617,381 $2,617,381 $0 COP/IMF 2/27/2025 All work completed, with grand opening held in August 2024. Final punch list items completed, with Council acceptance on February 27, 2025, and final payment made in August 2025.
5585 Faria Preserve Parkway $4,500,000 $4,500,000 $0 Developer 9/12/2023 All work completed, which included new roadway and landscaping and roundabouts was built by the Faria developer. The roadway was accepted September 12, 2023 and opened to the public; the roundabouts were completed winter 2024.
955516 Irrigation Booster Pump Installation -
FY 2024/25
$40,000 $16,620 $23,380 DVCSA 7/24/2025 All work complete, including booster pump motor and VFD replacement on Sherwood at Mornington and VFD on Windemere Parkway at Holborn.

Remaining funds to remain in project for future repairs. 000008 Pavement Management 2023 $6,074,650 $5,331,833 $742,817 GT/MJ/RVIF 7/8/2025 All work is complete, which included slurry seal, microsurfacing and rubberized cape seal at several neighborhoods in the City including Bollinger Canyon Road, Safety Complex Parking Lot, Ascension Drive, Paddock Drive, Twin Creeks Drive, Harcourt Way, Albion Road, Longleaf Circle, Dougherty Road, Stagecoach Road, Canyon Crest Drive, and DVC-Dougherty Station Parking Lot. Unused funds will be returned to Gas Tax for future programming.

5.1.a
Packet Pg. 8
Attachment: A - CIP Project Budget Analysis Report (4834 : CIP FY 24/25 Completed Project Budget Capital Improvement Program (CIP)
Complete Project Budget Analysis
Fiscal Year 2024-2025
Project
No. Project Name
Project
Budget
Actual Project
Cost Savings Funding Source
Date
Accepted/
Completed Comments
000013 Pavement Management 2024 $3,025,800 $2,559,552 $466,248 GT 12/10/2024 All work is complete, which included mill and fill treatment on various streets including Pine Valley Road between Broadmoor and Thunderbird, Broadmoor Court, Sunnyside Place, Holbrook Place, Knollcrest Court, Montevideo Court Oak Valley Drive, Shireoaks Court, and localized digouts for streets being treated as part of PMP 2025. Unused funds will be returned to Gas Tax for future programming.
000006 Pavement Repair - Stop Gap 2022/2023 $400,000 $310,386 $89,614 GT 10/11/2022 All work is complete, which included pothole and miscellaneous repairs on Crow Canyon Road and San Ramon Valley Boulevard, Alcosta Boulevard between Norris Canyon Road and Crow Canyon Road, and Bollinger Canyon Road between I-680 and San Ramon Valley Boulevard.

Unused funds returned to Gas Tax for future programming. 955482 Public Art in Parks - Library $40,000 $40,000 $0 CBF 1/22/2025 All work complete, which included art piece at the renovated Library in Market Park. Remaining funds to remain in project for future use. 925590 Recreation Program and Facilities
Equipment Replacement - FY 24/25
$94,000 $70,455 $23,545 ER/CG 8/29/2025 All work complete, which included replacing speakers and audio components at San Ramon Olympic Pool, equipment at Arts and Ceramics Studio, and upgrading the AV equipment at Dance Studio at the Dougherty Station Community Arts Center, and replacing the soundboard and equipment at Dougherty Valley Performing Arts Center. Remaining funds to remain in project for future use.
300005 Summerwood Loop Zone Improvements -
Zone 5
$47,500 $48,262 ($762) L&L Zone 5 6/30/2025 All work completed including irrigation controller, landscaping and mulch and removal of declining shrub within zone. Negative balance was offset from prior funds within the Project.
5619 Sunrise Ridge Park (Preserve
Neighborhood Park)
$8,753,058 $8,753,058 $0 Developer 12/12/2024 All work completed, which included new 12.9 acre park and amenities that was built by Faria Preserve Developer. Park grand opening was held on November 13, 2024.
975526 Traffic Signals Improvements &
Enhancements - FY 24/25
$200,250 $210,648 ($10,398) IMF / TDA 8/31/2025 All work completed including 2070 traffic signal controllers, conflict monitors, battery backup units and batteries, inverters, radar display unit, ethernet comnet switches, radar guns, pedestrian push button system, and Rhythm processor. Negative balance was offset from prior funds within the Project.

TOTALS: $44,410,698 $42,875,323 $1,535,375
Fund Symbols:

AF: Alternative Funding: Grants, Child Care, GIS Mapping, etc. PCR: Planning Cost Recovery Fee CBF: City Beautification Fund PDF: Park Development Fund CG: Cultural Growth Fund PEG Public, Educational, and Government Access Television Fund COP: 2019 Certificate of Participation Debt Financing RVIF: Refuse Vehicle Impact Fee DMF & CMF: Drainage Mitigation & Creek Mitigation Funds SRVUSD San Ramon Valley Unified School District DVCSA: DV County Service Area M-29 Fund TDA Transportation Development Act GT/MJ: Gas Tax/Measure J & SB-1 Funds TIF: Traffic Improvement Fund GF: General Fund
IMF: Infrastructure Maintenance Fund
L&L: Landscape & Lighting District Zones

5.1.a
Packet Pg. 9
Attachment: A - CIP Project Budget Analysis Report (4834 : CIP FY 24/25 Completed Project Budget

FINANCE COMMITTEE STAFF REPORT
DATE: November 13, 2025
TO: Finance Committee/City Manager
FROM: Jennifer Wakeman, Finance Director
By: Jennifer Wakeman, Finance Director
SUBJECT: California Employer's Benefit Trust (CERBT) for the Quarter Ended September 30, 2025

RECOMMENDED ACTION
Staff recommends that the Finance Committee review and accept the CERBT Statement for the quarter ended September 30, 2025.

BACKGROUND/DISCUSSION
On November 14, 2014, the City Council approved participation in CERBT for purposes of prefunding the City’s long-term obligation for health benefits accrued to retired City employees.

Assets in this Trust can only be used for payment of these benefits and may not be used for other governmental purposes.

At the start of July 2025, the CERBT had a balance of $38,572,885. During this quarter, the trust had investment gains of $1,890,193, and expenses of $6,942 leaving an ending balance of $40,456,136 on September 30, 2025. As of the most recent actuarial valuation, which has a measurement date of June 30, 2023, the OPEB liability measured $44,977,406 and was 76% funded. With the current ending balance, the funding status of the OPEB liability is 90%.

FISCAL IMPLICATIONS
This item is for informational purposes only - there is no fiscal impact.

STEPS FOLLOWING APPROVAL
None.

ATTACHMENT
CERBT Statement for the Quarter Ended September 30, 2025

ATTACHMENT(S)
City of San Ramon 9.30.2025

5.2 Packet Pg. 10
City of San Ramon
Please note the Grand Total is your actual fund account balance at the end of the period, including all contributions per GASB 74 paragraph 22 and accrued disbursements. Please review your statement promptly. All information contained in your statement will be considered true and accurate unless you contact us within 30 days of receipt of this statement. If you have questions about the validity of this information, please contact [email protected]. 1,646,409.850 1,646,409.850
$40,456,136.39 $40,456,136.39
Period Ending Unit Value 24.572336 24.572336
Period Beginning Unit Value 23.428483 23.428483

0.000

0.000
1,646,409.850

0.000

0.000
1,646,409.850
Current Period Year to Date
Ending Units
Unit Sales for Withdrawals
Unit Purchases from Contributions
Beginning Units
Market Value Summary: Unit Value Summary:

Grand Total $40,456,136.39 $40,456,136.39

0.00 (2,677.45)

0.00 1,890,192.64

0.00 $38,572,885.28

0.00 (2,677.45)

0.00 1,890,192.64

0.00 $38,572,885.28
Current Period Year to Date
Ending Balance
Disbursement
Administrative Expenses
Other
Investment Earnings
Contribution
Beginning Balance
QTD Fiscal QTD Fiscal
FY End Contrib per GASB 74 Para 22 0.00 0.00
Transfer In
Transfer Out

0.00 0.00

0.00 0.00
Unit Transfer In
Unit Transfer Out

0.000

0.000

0.000

0.000
Investment Expense (4,264.08) (4,264.08)
CERBT Strategy 2
Entity #: SKB7-4889155551-001
Quarter Ended September 30, 2025
FY End Disbursement Accrual 0.00 0.00

5.2.a
Packet Pg. 11
Attachment: City of San Ramon 9.30.2025 (4825 : CERBT Quarter Ended September 30, 2025) Statement of Transaction Detail for the Quarter Ending 09/30/2025 City of San Ramon
Entity #: SKB7-4889155551-001
Date Description Amount Unit Value Units Check/Wire Notes If you have any questions or comments regarding the new statement format please contact [email protected] Client Contact:

[email protected]

5.2.a
Packet Pg. 12
Attachment: City of San Ramon 9.30.2025 (4825 : CERBT Quarter Ended September 30, 2025)

FINANCE COMMITTEE STAFF REPORT
DATE: November 13, 2025
TO: Finance Committee/City Manager
FROM: Jennifer Wakeman, Finance Director
By: Jennifer Wakeman, Finance Director
SUBJECT: PARS Pension Stabilization Trust Statements for the Quarter Ended September 30, 2025

RECOMMENDED ACTION
Staff recommends that the Finance Committee review and accept the PARS Pension Stabilization Trust Statements for the quarter ended September 30, 2025.

BACKGROUND/DISCUSSION
Participation in the PARS Pension Stabilization Trust (PARS trust) was approved by City council on November 28, 2017, by Resolution No. 2017-128. The purpose of the PARS Trust is to prefund pension obligations to address unfunded liabilities and large variances in annual pension contributions. Before the PARS Trust was established, the City’s only option for reducing the unfunded pension liability was to commit additional funds to CalPERS. Unfortunately, these additional funds would be subject to the same market volatility risk and investment restrictions as the current CalPERS contributions and would not necessarily improve the plan’s overall funded status in the long run. Pre-funding the pension obligations through the PARS Trust versus CalPERS offers the following benefits:
• Provides local control and more flexibility in investment allocations compared to maintaining funds in a City-invested reserve or giving money to CalPERS to pay down unfunded liability • Offers potential for higher investment returns
• Acts as a reserve fund to help the City pay for increasing CalPERS annual contribution requirements and helps mitigate General Fund budget spiking On July 1, 2025, the PARS Trust had a balance of $1,881,641. During this quarter, there were investment gains of $19,371 and expenses of $1,180, which left an ending balance of $1,899,832 at September 30, 2025.

FISCAL ANALYSIS
This item is for informational purposes only – no fiscal impact.

STEPS FOLLOWING APPROVAL
None

5.3 Packet Pg. 13

ATTACHMENT
A: PARS Pension Stabilization Trust Statements for the months of July, August, and September 2025

ATTACHMENT(S)
PARS Stmt- Jul thru Sept 2025

5.3 Packet Pg. 14

CITY OF SAN RAMON
PARS Post-Employment Benefits Trust 7/1/2025 to 7/31/2025 Steven Spedowfski
City Manager
City of San Ramon
7000 Bollinger Canyon Rd.

San Ramon, CA 94583
Account Summary
Source 7/1/2025 Contributions Earnings Expenses Distributions Transfers 7/31/2025 PENSION 1002 $1,881,640.83 $0.00 $6,393.82 $392.01 $0.00 $0.00 $1,887,642.64 Totals $1,881,640.83 $0.00 $6,393.82 $392.01 $0.00 $0.00 $1,887,642.64 Investment Selection
Source

PENSION
Investment Objective
Source

PENSION
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years PENSION 0.34% 1.00% 4.43% 5.52% 4.59% - 3/14/2018
Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Balance as of
The dual goals of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income will comprise a significant portion of total return, although growth through capital appreciation is equally important. The portfolio will be allocated between equity and fixed income investments.

Plan's Inception Date
Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Annualized Return
Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return.

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

Account Report for the Period
Balance as of
Moderate - Strategic Blend

5.3.a
Packet Pg. 15
Attachment: PARS Stmt- Jul thru Sept 2025 (4824 : PARS Pension Stabilization Ended September 30, 2025)

CITY OF SAN RAMON
PARS Post-Employment Benefits Trust 8/1/2025 to 8/31/2025 Steven Spedowfski
City Manager
City of San Ramon
7000 Bollinger Canyon Rd.

San Ramon, CA 94583
Account Summary
Source 8/1/2025 Contributions Earnings Expenses Distributions Transfers 8/31/2025 PENSION 1002 $1,887,642.64 $0.00 $6,776.36 $393.26 $0.00 $0.00 $1,894,025.74 Totals $1,887,642.64 $0.00 $6,776.36 $393.26 $0.00 $0.00 $1,894,025.74 Investment Selection
Source

PENSION
Investment Objective
Source

PENSION
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years PENSION 0.36% 1.02% 4.35% 6.60% 4.22% - 3/14/2018
Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Balance as of
The dual goals of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income will comprise a significant portion of total return, although growth through capital appreciation is equally important. The portfolio will be allocated between equity and fixed income investments.

Plan's Inception Date
Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Annualized Return
Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return.

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

Account Report for the Period
Balance as of
Moderate - Strategic Blend

5.3.a
Packet Pg. 16
Attachment: PARS Stmt- Jul thru Sept 2025 (4824 : PARS Pension Stabilization Ended September 30, 2025)

CITY OF SAN RAMON
PARS Post-Employment Benefits Trust 9/1/2025 to 9/30/2025 Steven Spedowfski
City Manager
City of San Ramon
7000 Bollinger Canyon Rd.

San Ramon, CA 94583
Account Summary
Source 9/1/2025 Contributions Earnings Expenses Distributions Transfers 9/30/2025 PENSION 1002 $1,894,025.74 $0.00 $6,200.87 $394.59 $0.00 $0.00 $1,899,832.02 Totals $1,894,025.74 $0.00 $6,200.87 $394.59 $0.00 $0.00 $1,899,832.02 Investment Selection
Source

PENSION
Investment Objective
Source

PENSION
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years PENSION 0.33% 1.03% 4.28% 9.05% 4.58% - 3/14/2018
Information as provided by US Bank, Trustee for PARS; Not FDIC Insured; No Bank Guarantee; May Lose Value Headquarters - 4350 Von Karman Ave., Suite 100, Newport Beach, CA 92660 800.540.6369 Fax 949.250.1250 www.pars.org Account balances are inclusive of Trust Administration, Trustee and Investment Management fees Annualized Return
Investment Return: Annualized rate of return is the return on an investment over a period other than one year multiplied or divided to give a comparable one-year return.

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

Account Report for the Period
Balance as of
Moderate - Strategic Blend
Balance as of
The dual goals of the Moderate Strategy are growth of principal and income. It is expected that dividend and interest income will comprise a significant portion of total return, although growth through capital appreciation is equally important. The portfolio will be allocated between equity and fixed income investments.

Plan's Inception Date

5.3.a
Packet Pg. 17
Attachment: PARS Stmt- Jul thru Sept 2025 (4824 : PARS Pension Stabilization Ended September 30, 2025)

FINANCE COMMITTEE STAFF REPORT
DATE: November 13, 2025
TO: Finance Committee/City Manager
FROM: Jennifer Wakeman, Finance Director
By: Jennifer Wakeman, Finance Director
SUBJECT: Certificate of Achievement for Excellence in Financial Reporting for Fiscal Year Ended June 30, 2024

RECOMMENDED ACTION
Staff recommends that the Finance Committee review and accept the Certificate of Achievement for Excellence in Financial Reporting for Fiscal Year ended June 30, 2024.

BACKGROUND/DISCUSSION
The Government Finance Officers Association (GFOA) represents public finance officials throughout the United States and Canada. The GFOA’s mission is to enhance and promote the professional management of governmental financial resources by identifying, developing, and advancing fiscal strategies, policies, and practices for the public benefit. To promote excellence in financial reporting the GFOA developed the Excellence in Financial Reporting Program.

Last year the City’s Annual Comprehensive Financial Report (ACFR) was submitted to the GFOA for review and evaluation based on criteria designed to encourage local governments to go beyond the minimum requirements of generally accepted accounting principles, while promoting the spirit of transparency and full disclosure. The GFOA recognizes successful organization with the Certificate of Achievement, which is the highest form of recognition in governmental accounting and financial reporting. Its attainment represents a significant accomplishment by a government and its management.

This is the City of San Ramon’s twenty-first consecutive year of receiving the certificate and is a testament to the City’s ongoing commitment to excellence and transparency in financial reporting.

FISCAL IMPLICATIONS
This item is for informational purposes only - there is no fiscal impact.

STEPS FOLLOWING APPROVAL
None.

ATTACHMENT

5.4 Packet Pg. 18
. Copy of the Certificate of Achievement for Excellence in Financial Reporting for the Fiscal Year ended June 30, 2024.

ATTACHMENT(S)
5 - Certificate (FY24)

5.4 Packet Pg. 19
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of San Ramon
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2024
Executive Director/CEO

5.4.a
Packet Pg. 20
Attachment: 5 - Certificate (FY24) (4826 : Certificate of Achievement for FY24)

FINANCE COMMITTEE STAFF REPORT
DATE: November 13, 2025
TO: Finance Committee/City Manager
FROM: Jennifer Wakeman, Finance Director
By: Michelle Joe, Administrative Analyst
SUBJECT: City of San Ramon Quarterly Investment Report for the Period Ending September 30, 2025

RECOMMENDED ACTION
Staff recommends that the Finance Committee review and accept the Quarterly Investment Report for the period ending September 30, 2025, and forward it to the City Council for review.

BACKGROUND/DISCUSSION
State law requires that the City Council review the City Investment Report at least quarterly.

Copies of the Investment Report prepared by Meeder Public Funds, for the period ending September 30, 2025, the Investments Held by Trustees, and the Summary of Cash and Investments are attached for your review.

The September 30, 2025 Investment Report was prepared by Meeder Public Funds. The Investment Report is maintained on a daily basis to track investment yields, maturities, call dates, and market values. The Investments Held by Trustees and the Summary of Cash and Investments were prepared by staff.

The City’s investments are carried at fair value, as required by generally accepted accounting principles (GAAP). In accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Pools, the City adjusts the carrying value of its investments to reflect their fair value at each fiscal year end and includes the effects of these adjustments in income for that fiscal year.

FISCAL ANALYSIS
The balance of the City’s demand deposit accounts held with JP Morgan Chase Bank totaled $3.7 million as of September 30, 2025. This account is used for the City’s daily operations.

Total funds managed by Meeder Public Funds equaled $79.3 million at book value as of September 30, 2025. The portfolio consists of $16.9 million in federal agency securities, $38.3

5.5 Packet Pg. 21
million in treasury securities, $5.5 million in supranationals, $9.9 million in corporate bonds, $3.5 million in negotiable CD’s, and $5.2 million in FDIC insured CD’s. The weighted average yield to maturity on investments is 3.60% and the weighted average days to maturity is 763 days, which is 26 days shorter than last quarter. The weighted average yield to maturity is 6 basis points higher than the previous quarter.

The overall objectives in managing the City’s investment portfolio are listed as follows in the order of importance: first, safeguarding principal; second, maintaining appropriate liquidity; and third, generating favorable long-term results relative to the City’s benchmark, the ICE BofAML 30-month average (MMA). To accomplish these objectives, Meeder Public Funds is directed to maintain a strategy designed to keep the portfolio’s results in line with the established benchmark, while actively managing the portfolio’s duration relative to the benchmark, sector allocation and yield curve placement to enhance performance.

The balance of the City’s Fidelity U.S. Government Money Market account held with US Bank totals $4.7 million and makes up 5.49% of the portfolio as of September 30, 2025. The current rate is 4.03%. This account is available on a daily basis for immediate cash flow requirements.

The City of San Ramon has $0.7 million invested with the State Treasurer’s Office (Local Agency Investment Fund). The current interest rate is 4.21% and makes up 0.8% of the portfolio.

This account is available on a daily basis for immediate cash flow requirements.

The “Investments Held by Trustees” report was prepared by staff and is required supplementary information in the quarterly report to the City Council. Funds held by the trustee total $4.0 million. The 2019 Certificates of Participation (COP) investments managed by Meeder Public Funds total $0.1 million and are available for designated capital projects. The remaining $3.9 million of investments managed by the trustee pertain to City pension obligation bonds and are not available for general City purposes.

This investment portfolio is in conformity with the City of San Ramon’s adopted Investment Policy. The Treasurer’s cash management program provides sufficient liquidity to meet estimated future expenditures for a period of six months. Meeder Public Funds provides market values for securities under its management, while market prices of securities held in trust are obtained from the trustees’ monthly account statements.

FISCAL IMPLICATIONS
This report is for informational purposes only; there is no fiscal impact.

STEPS FOLLOWING APPROVAL
The report will be presented to the City Council for review and acceptance at the November 25, 2025, City Council meeting.

ATTACHMENT(S)
A: Summary of Cash and Investments at Sep 30 2025

5.5 Packet Pg. 22
B: Investment Portfolio Information for City of San Ramon for the Month Ending September 30, 2025
C: Investments Held by Trustees at Sep 30, 2025
D: Investment Terminology

5.5 Packet Pg. 23
Demand deposits held with JP Morgan Chase Bank $ 3,738,407 Investment Portfolio:

Investments held with US Bank (Meeder Public Funds) 79,252,795 Fidelity US Government Money Market Funds held with US Bank 4,673,027 Investments held with Local Agency Investment Fund (LAIF) 679,100 Total Investment Portfolio 84,604,922

Investments held with Trustee 4,023,579
Total Cash and Investments $ 92,366,908
This investment portfolio is in conformity with the City of San Ramon's adopted investment policy. The Treasurer's cash management program provides sufficient liquidity to meet estimated future expenditures for a period of six months.

Prepared and approved by:

Michelle Joe, Administrative Analyst
Approved by:

Jennifer Wakeman, Finance Director
Summary of Cash and Investments
For the Period September 30, 2025

5.5.a
Packet Pg. 24
Attachment: A: Summary of Cash and Investments at Sep 30 2025 (4827 : Quarterly Investment Report) Investment
Report
City of San Ramon
As of September 30, 2025

5.5.b
Packet Pg. 25
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September 2 OBSERVATIONS AND EXPECTATIONS
Fed lowered the Fed Funds rate by .25% at the September 17th meeting Labor market continued to show signs of slowing as 22,000 jobs were created in September
U.S. Treasury rates were generally lower for the month of September GDP rebounded in Q2 to 3.8% from the tariff-induced decline of -0.5% in Q1 Atlanta Fed’s GDPNow forecast is projecting a 3.9% GDP for Q3 The futures market and the Fed are expecting two more .25% cuts this year; more cuts in 2026
The Fed Funds futures market is
expecting the Fed Funds rate to
end 2025 at about 3.6% and
2026 at approximately 3.0%.

The Fed is watching both of their
mandates (employment and
inflation) closely to determine the
path of Fed Funds. They say the
risk is more tilted to slower job
growth.
2 SOURCES: BLOOMBERG

2.80%

3.00%

3.20%

3.40%

3.60%

3.80%

4.00%
Oct 25 Dec 25 Jan 26 Mar 26 Apr 26 Jun 26 Jul 26 Sep 26 Oct 26 Dec 26 Fed Meeting Months
Fed Funds Futures Yields

5.5.b
Packet Pg. 26
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month 3 The current unemployment rate of 4.3%
has moved up from earlier this year but
remains low by historical standards.

Lower immigration during 2025 has
clouded the conclusions from lower
nonfarm payrolls.

Economists estimate not as many jobs
are needed as compared to the
previous few years to keep the
unemployment rate low.

Core Personal Consumption Expenditure
YoY is the Fed’s preferred inflation gauge.

Core excludes food and energy components,
which generally make the series less volatile.

Core PCE YoY is currently at 2.9% and has
been above the Fed’s 2% target for 54
consecutive months.
3 SOURCES: BLOOMBERG
SOURCES: BLOOMBERG
0 0.1

0.2 0.3

0.4 0.5

0.6 0.7

0.8 0.9
1 0%
2%
4%
6%
8%
10%
12%
14%
16%
19 4
8 19
5 0
19 5
3 19
5 6
19 5
9 19
6 1
19 6
4 19
6 7
19 7
0 19
7 2
19 7
5 19
7 8
19 8
1 19
8 3
19 8
6 19
8 9
19 9
2 19
9 4
19 9
7 20
0 0
20 0
3 20
0 5
20 0
8 20
1 1
20 1
4 20
1 6
20 1
9 20
2 2
20 2
5 U.S. Unemployment Rate

2.9%
0%
1%
2%
3%
4%
5%
6%
De
c
1 9
Ma
r
2 0
Ju
n
2 0
Se
p
2 0
De
c
2 0
Ma
r
2 1
Ju
n
2 1
Se
p
2 1
De
c
2 1
Ma
r
2 2
Ju
n
2 2
Se
p
2 2
De
c
2 2
Ma
r
2 3
Ju
n
2 3
Se
p
2 3
De
c
2 3
Ma
r
2 4
Ju
n
2 4
Se
p
2 4
De
c
2 4
Ma
r
2 5
Ju
n
2 5
Se
p
2 5
Core PCE YoY

5.5.b
Packet Pg. 27
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month 43SOURCES: BLOOMBERG
19)
29)
26)
34)(
32)
28)
23)
15)
4)
1)
40 35
30 25
20 15
10 5
0 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y
Ba
s
i
s
P
o
i
n
t
s
Basis Point Change

3.40 3.60

3.80 4.00

4.20 4.40

4.60 4.80

5.00 5.20
3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y
Pe
r
c
e
n
t
U.S. Treasury Yield Curve Change
9/30/25 8/29/25

5.5.b
Packet Pg. 28
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month CITY OF SAN RAMON | SEPTEMBER 30, 2025
55 Portfolio Summary6
Portfolio Overview7
Credit Quality8
Position Statement9
Amortization Schedule 13
Accrued Interest Schedule 16
Earnings by Fund 19
Transaction Statement 22
Income/ Dividend Received 23
Contribution/ Withdrawals and Expenses 24
Projected Cash Flows 25
Contents

5.5.b
Packet Pg. 29
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September 6 Portfolio Summary
Par Value $ 85,182,127
Principal Cost $ 84,089,968
Book Value $ 84,604,922
Market Value $ 85,109,936
Unrealized Gain/ Loss $ 505,014
Accrued Interest $ 591,832
Portfolio Position
AllocationMaturity Distribution • Sector
1 U.S. Treasuries 45.29%•
1 U.S. Agencies 19.96%•
1 Corporate Bonds 11.80%•
1 Supranational 6.53%•
1 Commercial Paper 6.04%•
1 Money Market Funds 5.49%•
1 Negotiable CD's 4.09%•
1 LGIP 0.80%

3.60 Weighted Average Yield to Maturity

2.09 Weighted Average Maturity ( Years)

1.93 Portfolio Effective Duration ( Years)

2.09 Weighted Average Life (Years)
AA
Average Credit Rating

CITY OF SAN RAMON
SEPTEMBER 30, 2025

5.5.b
Packet Pg. 30
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
7 Portfolio
Overview

SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE
OF

PORTFOLIO

DAYS TO

MATURITY YIELD
LGIP 679,100.02 679,100.02 679,100.02 0.80% 1 4.21
Money Market Funds 4,673,027.16 4,673,027.16 4,673,027.16 5.49% 1 4.03 Commercial Paper 5,200,000.00 5,144,853.13 5,144,853.13 6.04% 91 4.37 U.S. Treasuries 38,550,000.00 38,542,480.56 38,307,073.80 45.29% 915 3.41 U.S. Agencies 16,915,000.00 16,983,692.15 16,884,663.45 19.96% 756 3.29 Negotiable CD's 3,472,000.00 3,480,362.25 3,469,775.55 4.09% 716 4.55 Corporate Bonds 10,158,000.00 10,045,089.08 9,931,266.17 11.80% 1,021 4.15 Supranational 5,535,000.00 5,561,331.65 5,515,163.11 6.53% 650 3.07 TOTAL 85,182,127.18 85,109,936.00 84,604,922.38 100.00% 763 3.60

CASH AND ACCRUED INTEREST
Purchased Accrued Interest 10,064.07 10,064.07
TOTAL CASH AND INVESTMENTS 85,182,127.18 85,120,000.07 84,614, 986.45 763 3.60

TOTAL EARNINGS

CURRENT MONTH
243,144.15

5.5.b
Packet Pg. 31
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September 8 Credit Quality
Allocation by Rating
Rating Distribution

MARKET VALUE ALLOCATION
AAA 4,673,027.16 5.49%
A1 5,144,853.13 6.04%
NA 679,100.02 0.80%
TOTAL 10,496,980.31 12.33%

SHORT TERM, MONEY MARKET FUNDS, & LGIPS RATINGS

MARKET VALUE ALLOCATION
AAA 5,561,331.65 6.53%
AA+ 58,035,922.71 68.19%
AA 2,867,055.00 3.37%
AA- 1,182,619.08 1.39%
A+ 1,011,850.00 1.19% A 1,486,905.00 1.75%
A- 986,910.00 1.16%
NA 3,480,362.25 4.09%
TOTAL 74,612,955.69 87.67%
GRAND TOTAL 85,109,936.00 100.00%

LONG TERM RATINGS
Report reflects ratings issued by Standard & Poors
1 AAA 12.02%• 1 AA+ 68.19%• 1 AA 3.37%• 1 AA- 1.39%• 1 A+ 1.19%• 1 A 1.75%• 1 A- 1.16%• 1 A-1 6.04%• 1 NA 4.89% CITY OF SAN RAMON | SEPTEMBER 30, 2025 5.5.b
Packet Pg. 32
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
9 CUSIP DESCRIPTION

TRADE DATE
SETTLE

DATE PAR VALUE

PRINCIPAL COST

PURCHASED

INTEREST TOTAL COST

YIELD TO

MATURITY

MATURITY
DATE

DAYS TO

MATURITY

MARKET PRICE

MARKET VALUE

UNREALIZED

GAIN/ LOSS

BOOK VALUE
OF
MV

MOODY' S
S&P
RATING

CITY OF SAN

RAMON, CA
LGIP
CALAIF California LAIF 09/ 30/ 2025
09/ 30/ 2025
679,100.02 679,100.02

0.00 679,100.02 4.21 1

1.00 679,100.02

0.00 679,100.02

0.80 NA
LGIP TOTAL 679,100. 02 679,100. 02

0.00 679,100.02 4.21 1

1.00 679, 100. 02

0.00 679, 100. 02

0.80 NA

MONEY MARKET
FUNDS
316175108
FIDELITY IMM:GOVT;I09/ 30/ 2025
09/ 30/ 2025 4,673,027.16
4,673,027.16

0.00 4,673,027.16 4.03 1

1.00 4,673,027.16

0.00 4,673,027.16 5.49
Aaa
AAA

MONEY MARKET
FUNDS TOTAL 4,673,027.16
4,673,027.16

0.00 4,673,027.16 4.03 1

1.00 4,673,027.16

0.00 4,673,027.16 5.49 AAA

COMMERCIAL
PAPER
09659BX21
BNP Paribas New
York Branch 0.0
10/ 02/ 2025
04/ 02/ 2025
04/ 03/ 2025
1,250,000.00 1,223,142.36

0.00 1,223,142.36 4.34 10/ 02/ 2025 2

99.99 1,249,852.43

0.00 1,249,852.43

1.47 P- 1
A- 1
22533TZS8 CREDIT AGRI NY
12/ 26/ 25
04/ 02/ 2025
04/ 02/ 2025
1,250,000.00 1,211,568.06

0.00 1,211,568.06 4.26 12/ 26/2025 87 99.01
1,237,667.36

0.00 1,237,667.36

1.45 P- 1
A- 1
53948BB99 LLOYDS BK NY BR
02/ 09/ 26
05/ 19/ 2025
05/ 20/ 2025
1,500,000.00 1,452,741.67

0.00 1,452,741.67 4.42 02/ 09/2026 132 98.44
1,476,638.33

0.00)
1,476,638.34

1.73 P- 1
A- 1
62479MBD4 MUFG BANK NY
02/ 13/ 26
05/ 21/ 2025
05/ 21/ 2025
1,200,000.00 1,161,676.00

0.00 1,161,676.00 4.43 02/ 13/ 2026 136 98.39
1,180,695.00

0.00 1,180,695.00

1.39 P- 1
A- 1

COMMERCIAL
PAPER TOTAL 5,200,000.00
5,049,128.09

0.00 5,049,128.09 4.37 91

98.94 5,144, 853.13

0.00)
5,144, 853.13 6.04 A-1
U.S. TREASURIES
91282CAT8 US TREASURY

0.250 10/ 31/ 25
04/ 06/ 2021
04/ 06/ 2021 2,000,000.00
1,946,875.00

0.00 1,946,875.00 0.84 10/ 31/ 2025 31

99.67 1,993,437.50
5,604.96)
1,999,042.46 2.34
Aa1
AA+
912828M56

US TREASURY

2.250 11/ 15/ 25
02/ 07/ 2022
02/ 07/ 2022 2,000,000.00
2,041,015.62

0.00 2,041,015.62 1.69 11/ 15/ 2025 46

99.78 1,995,625.00
5,718.92)
2,001,343.92 2.34
Aa1
AA+
912828R36 US TREASURY

1.625 05/ 15/ 26
06/ 07/ 2022
06/ 07/ 2022
2,000,000.00 1,897,500.00

0.00 1,897,500.00 3.02 05/ 15/ 2026 227 98.67
1,973,359.38
10,502.67)
1,983,862.05

2.32 Aa1
AA+
91282CCW9 US TREASURY

0.750 08/ 31/ 26
08/ 31/ 2021
08/ 31/ 2021
1,000,000.00 997,798.42

0.00 997,798.42 0.80 08/ 31/ 2026 335 97.32
973,242.19
26,354.51)
999,596.70

1.14 Aa1
AA+
91282CCZ2 US TREASURY

0.875 09/ 30/ 26
10/ 13/ 2021
10/ 13/ 2021
1,000,000.00 990,351.56

0.00 990,351.56 1.08 09/ 30/ 2026 365 97.23
972,343.75
25,716.34)
998,060.09

1.14 Aa1
AA+
91282CDG3 US TREASURY

1.125 10/ 31/ 26
02/07/2022
02/07/2022 2,000,000.00
1,941,093.76

0.00 1,941,093.76 1.78 10/ 31/ 2026 396

97.27 1,945,390.62
41,117.84)
1,986,508.46 2.29
Aa1
AA+
912828U24

US TREASURY

2.000 11/ 15/ 26
03/ 14/ 2022
03/ 14/ 2022 2,000,000.00
2,003,593.76

0.00 2,003,593.76 1.96 11/ 15/ 2026 411

98.12 1,962,343.76
38,520.57)
2,000,864.33 2.31
Aa1
AA+
912828X88

US TREASURY

2.375 05/ 15/ 27
02/ 07/2023
02/ 07/2023 2,000,000.00
1,882,421.88

0.00 1,882,421.88 3.88 05/ 15/ 2027 592

97.99 1,959,843.76
4,493.18
1,955,350.58 2.30
Aa1
AA+
Position Statement

5.5.b
Packet Pg. 33
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
10 CUSIP DESCRIPTION

TRADE DATE
SETTLE

DATE PAR VALUE

PRINCIPAL COST

PURCHASED

INTEREST TOTAL COST

YIELD TO

MATURITY

MATURITY
DATE

DAYS TO

MATURITY

MARKET PRICE

MARKET VALUE

UNREALIZED

GAIN/ LOSS

BOOK VALUE
OF
MV

MOODY' S
S&P
RATING
91282CFU0 US TREASURY

4.125 10/ 31/ 27
02/ 23/ 2023
02/ 23/ 2023 2,000,000.00
1,992,109.38

0.00 1,992,109.38 4.22 10/ 31/ 2027 761
101.02
2,020,312.50
23,820.59
1,996,491.91 2.37
Aa1
AA+
9128283F5 US TREASURY

2.250 11/ 15/ 27
07/ 07/ 2023
07/ 07/ 2023
2,000,000.00 1,823,750.00

0.00 1,823,750.00 4.50 11/ 15/ 2027 776 97.23
1,944,531.26
30,408.72
1,914,122.54

2.28 Aa1
AA+
91282CHX2 US TREASURY

4.375 08/ 31/ 28
05/ 23/ 2024
05/ 23/ 2024
2,000,000.00 1,989,687.50

0.00 1,989,687.50 4.51 08/ 31/ 2028 1,066 102.04
2,040,781.26
47,822.04
1,992,959.22

2.40 Aa1
AA+
91282CJA0 US TREASURY

4.625 09/ 30/ 28
04/ 10/ 2024
04/ 10/ 2024
2,000,000.00 2,015,937.50

0.00 2,015,937.50 4.43 09/ 30/ 2028 1,096 102.81
2,056,250.00
45,562.26
2,010,687.74

2.42 Aa1
AA+
91282CJA0 US TREASURY

4.625 09/ 30/ 28
02/ 08/ 2024
02/ 08/ 2024
2,000,000.00 2,046,093.76

0.00 2,046,093.76 4.07 09/ 30/ 2028 1,096 102.81
2,056,250.00
26,469.36
2,029,780.64

2.42 Aa1
AA+
91282CJR3 US TREASURY

3.750 12/ 31/ 28
10/ 29/2024
10/ 30/2024 1,150,000.00
1,132,525.39

0.00 1,132,525.39 4.15 12/ 31/ 2028 1,188
100.32
1,153,683.60
17,311.97
1,136,371.63 1.36
Aa1
AA+
91282CJW2 US TREASURY

4.000 01/ 31/ 29
10/ 29/2024
10/ 30/2024 1,200,000.00
1,192,921.88

0.00 1,192,921.88 4.15 01/ 31/ 2029 1,219
101.09
1,213,031.26
18,582.55
1,194,448.71 1.43
Aa1
AA+
91282CLC3 US TREASURY

4.000 07/31/ 29
10/ 29/ 2024
10/ 30/ 2024 1,500,000.00
1,490,449.22

0.00 1,490,449.22 4.15 07/31/ 2029 1,400
101.12
1,516,757.82
24,463.44
1,492,294.38 1.78
Aa1
AA+
91282CFJ5 US TREASURY

3.125 08/ 31/ 29
09/ 27/ 2024
09/ 30/ 2024
1,500,000.00 1,471,230.47

0.00 1,471,230.47 3.55 08/ 31/ 2029 1,431 97.95
1,469,296.88
7,783.44)
1,477,080.32

1.73 Aa1
AA+
91282CFL0 US TREASURY

3.875 09/ 30/29
11/ 06/ 2024
11/ 07/2024
1,600,000.00 1,571,750.00

0.00 1,571,750.00 4.28 09/ 30/2029 1,461 100.69
1,611,000.00
34,067.67
1,576,932.33

1.89 Aa1
AA+
91282CLR0 US TREASURY

4.125 10/ 31/ 29
11/ 06/ 2024
11/ 07/2024
1,600,000.00 1,590,125.00

0.00 1,590,125.00 4.26 10/ 31/ 2029 1,492 101.60
1,625,625.01
33,719.36
1,591,905.65

1.91 Aa1
AA+
91282CFY2 US TREASURY

3.875 11/ 30/ 29
05/ 13/ 2025
05/ 14/ 2025
2,000,000.00 1,982,812.50

0.00 1,982,812.50 4.08 11/ 30/2029 1,522 100.65
2,012,968.76
28,707.58
1,984,261.18

2.37 Aa1
AA+
91282CGQ8 US TREASURY

4.000 02/28/ 30
05/13/ 2025
05/14/ 2025 2,000,000.00
1,992,578.13

0.00 1,992,578.13 4.08 02/ 28/ 2030 1,612
101.17
2,023,437.50
30,265.96
1,993,171.54 2.38
Aa1
AA+
91282CMU2 US TREASURY

4.000 03/ 31/ 30
05/13/ 2025
05/14/ 2025 2,000,000.00
1,991,250.00

0.00 1,991,250.00 4.10 03/ 31/ 2030 1,643
101.15
2,022,968.76
31,031.33
1,991,937.43 2.38
Aa1
AA+
U.S. TREASURIES
TOTAL 38,550, 000. 00
37,983,870.73

0.00 37,983, 870. 73 3.41 915
100. 01
38,542,480.56
235,406.76
38,307,073.80 45.29 AA+
U.S. AGENCIES
3135G06G3 FANNIE MAE

0.500 11/ 07/25
01/ 20/ 2021
01/ 20/ 2021
2,000,000.00 2,000,620.00

0.00 2,000,620.00 0.49 11/ 07/2025 38 99.63
1,992,580.00
7,433.10)
2,000,013.10

2.34 Aa1
AA+
3130AL7M0 FHLBANKS 0.625
02/ 24/ 26 '25
02/ 24/ 2021
02/ 24/ 2021
2,000,000.00 2,000,000.00

0.00 2,000,000.00 0.63 02/ 24/ 2026 147 98.53
1,970,620.00
29,380.00)
2,000,000.00

2.32 Aa1
AA+
3133EN7A2

FED FARM CR
BNKS 3.625
10/ 26/ 26
02/ 07/2023
02/ 07/2023 2,000,000.00
1,972,388.00

0.00 1,972,388.00 4.03 10/ 26/ 2026 391

99.84 1,996,780.00
4,722.36
1,992,057.64 2.35
Aa1
AA+
3130AXU63
FHLBANKS 4.625
11/ 17/26
11/ 17/2023
11/ 17/2023 1,000,000.00
998,230.00

0.00 998,230.00 4.69 11/ 17/ 2026 413
101.01
1,010,070.00
10,736.17
999,333.83 1.19
Aa1
AA+
3130AQW66 FHLBANKS 2.080
02/ 25/ 27 '25
02/ 25/ 2022
02/ 25/ 2022 1,000,000.00
1,000,000.00

0.00 1,000,000.00 2.08 02/ 25/ 2027 513

97.47 974,680.00
25,320.00)
1,000,000.00 1.15
Aa1
AA+
3130AUSN5 FHLBANKS 3.500
10/ 01/ 27
02/ 07/2023
02/ 07/2023 2,000,000.00
1,967,600.00

0.00 1,967,600.00 3.89 10/ 01/ 2027 731

99.58 1,991,600.00
5,543.12
1,986,056.88 2.34
Aa1
AA+
Position Statement

5.5.b
Packet Pg. 34
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
11 CUSIP DESCRIPTION

TRADE DATE
SETTLE

DATE PAR VALUE

PRINCIPAL COST

PURCHASED

INTEREST TOTAL COST

YIELD TO

MATURITY

MATURITY
DATE

DAYS TO

MATURITY

MARKET PRICE

MARKET VALUE

UNREALIZED

GAIN/ LOSS

BOOK VALUE
OF
MV

MOODY' S
S&P
RATING
3130A07B0
FHLBANKS 4.000
09/ 01/ 28
10/ 31/ 2023
10/ 31/ 2023 1,265,000.00
1,214,564.45

0.00 1,214,564.45 4.94 09/ 01/ 2028 1,067
100.80
1,275,132.65
40,594.82
1,234,537.83 1.50
Aa1
AA+
3133EPC45

FED FARM CR
BNKS 4.625
11/ 13/ 28
11/ 28/2023
11/ 28/2023 2,000,000.00
2,009,460.00

0.00 2,009,460.00 4.52 11/ 13/ 2028 1,140
102.57
2,051,480.00
45,529.68
2,005,950.32 2.41
Aa1
AA+
3133ERDH1

FED FARM CR
BNKS 4.750
04/ 30/ 29
05/ 17/2024
05/ 17/2024 2,000,000.00
2,030,572.00

0.00 2,030,572.00 4.40 04/ 30/2029 1,308
103.27
2,065,420.00
43,310.12
2,022,109.88 2.43
Aa1
AA+
880591FE7 TVA 3.875
08/ 01/ 30
08/ 18/ 2025
08/ 19/ 2025
1,650,000.00 1,644,472.50
1,953.65
1,646,426.15 3.95 08/ 01/ 2030 1,766 100.32
1,655,329.50
10,725.54
1,644,603.96

1.94 Aa1
AA+
U.S. AGENCIES
TOTAL 16,915,000.00 16, 837,906. 951,953. 65
16,839,860.60 3.29 756 100. 43
16,983, 692. 15
99,028. 70
16,884, 663. 45

19.96 AA+

NEGOTIABLE
CD' S
02007GM42 ALLY BANK 5.050
03/ 23/26
03/ 23/2023
03/ 23/2023 248,000.00
247,752.00

0.00 247,752.00 5.09 03/ 23/ 2026 174

99.96 247,900.69

60.09)
247,960.78 0.29
NA
NA
02589AEN8
AM EX BK 5.000
03/ 23/ 26
03/ 22/ 2023
03/ 22/ 2023 248,000.00
247,752.00

0.00 247,752.00 5.04 03/ 23/ 2026 174
100.46
249,140.80
1,179.99
247,960.81 0.29
NA
NA
910286GB3 UNITED FIDELITY

5.000 03/ 30/ 26
03/ 30/ 2023
03/ 30/ 2023
248,000.00 248,000.00

0.00 248,000.00 5.00 03/ 30/2026 181 100.49
249,205.28
1,205.28
248,000.00

0.29 NA
NA
795451AK9 SALLIE MAE BNK

1.100 08/ 11/ 26
08/ 11/ 2021
08/ 11/ 2021
248,000.00 248,000.00

0.00 248,000.00 1.10 08/ 11/ 2026 315 97.66
242,194.32
5,805.68)
248,000.00

0.28 NA
NA
108622PJ4

BRIDGEWATER
BANK 5.100
11/ 03/ 26
11/ 06/ 2023
11/ 06/ 2023 248,000.00
247,628.00

0.00 247,628.00 5.15 11/ 03/ 2026 399
100.12
248,291.88
427.52
247,864.36 0.29
NA
NA
23204HQA9

CUSTOMERS
BANK 4.050
08/ 13/ 27
08/ 05/ 2024
08/ 14/ 2024 248,000.00
247,628.00

0.00 247,628.00 4.10 08/ 13/ 2027 682
100.72
249,778.16
2,009.96
247,768.21 0.29
NA
NA
32114VCH8 FIRST BK MCH

4.600 03/ 15/ 28
03/ 15/ 2023
03/ 15/ 2023 248,000.00
248,000.00

0.00 248,000.00 4.60 03/ 15/ 2028 897

99.55 246,890.57
1,109.43)
248,000.00 0.29
NA
NA
062119BK7
BANK FIVE 4.650
03/ 20/28
03/ 20/2023
03/ 20/2023 248,000.00
248,000.00

0.00 248,000.00 4.65 03/ 20/ 2028 902
102.37
253,870.16
5,870.16
248,000.00 0.30
NA
NA
2546732U9

CAPITL ONE NA

5.000 03/ 21/ 28
03/ 22/ 2023
03/ 22/ 2023 248,000.00
247,456.88

0.00 247,456.88 5.05 03/ 21/ 2028 903
100.44
249,079.86
1,348.36
247,731.49 0.29
NA
NA
12547CAX6 CIBC BANK 4.450
04/ 13/ 28
04/ 14/ 2023
04/ 14/ 2023 248,000.00
247,380.00

0.00 247,380.00 4.51 04/ 13/ 2028 926

99.22 246,063.17
1,622.51)
247,685.68 0.29
NA
NA
857894Q77 STEARNS BANK

4.050 08/ 14/ 28
08/ 02/ 2024
08/ 13/ 2024
248,000.00 247,752.00

0.00 247,752.00 4.08 08/ 14/ 2028 1,049 99.93
247,822.23

0.13 247,822.10

0.29 NA
NA
949764HK3

WELLS FARGO
BANK 5.050
11/ 07/ 28
11/ 07/2023
11/ 07/2023 248,000.00
247,451.92

0.00 247,451.92 5.10 11/ 07/2028 1,134
100.88
250,185.82
2,525.93
247,659.88 0.29
NA
NA
90355GHQ2 UBS USA 5.000
11/ 08/ 28
11/ 08/ 2023
11/ 08/ 2023
248,000.00 247,451.92

0.00 247,451.92 5.05 11/ 08/ 2028 1,135 100.74
249,843.09
2,183.51
247,659.58

0.29 NA
NA
61768EE82

MORGAN PVT
BNK 5.050
11/ 08/ 28
11/ 08/ 2023
11/ 08/ 2023
248,000.00 247,456.88

0.00 247,456.88 5.05 11/ 08/2028 1,135 100.85
250,096.24
2,433.58
247,662.66

0.29 NA
NA
Position Statement

5.5.b
Packet Pg. 35
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
12 CUSIP DESCRIPTION

TRADE DATE
SETTLE

DATE PAR VALUE

PRINCIPAL COST

PURCHASED

INTEREST TOTAL COST

YIELD TO

MATURITY

MATURITY
DATE

DAYS TO

MATURITY

MARKET PRICE

MARKET VALUE

UNREALIZED

GAIN/ LOSS

BOOK VALUE
OF
MV

MOODY' S
S&P
RATING

NEGOTIABLE
CD' S TOTAL 3,472, 000. 00
3,467,709.60

0.00 3,467,709. 60 4.55 716
100. 25
3,480,362.25
10,586.70
3,469,775. 55 4.09 NA

CORPORATE
BONDS
637639AE5

NATL SECUR
CLEAR 0.750
12/ 07/ 25 '25
01/ 07/2021
01/ 07/2021 1,000,000.00
1,004,130.00

0.00 1,004,130.00 0.66 12/ 07/2025 68

99.35 993,490.00
6,602.15)
1,000,092.15 1.17
Aa1
AA+
857477AW3 STATE STREET

2.650 05/ 19/ 26
05/ 19/ 2025
05/ 20/ 2025
1,500,000.00 1,476,600.00
110.42
1,476,710.42 4.26 05/ 19/ 2026 231 99.13
1,486,905.00
1,690.71
1,485,214.29

1.75 Aa3
A
89236TKJ3

TOYOTA MOTOR
CRD 4.550
09/ 20/ 27 MTN
06/ 10/ 2024
06/ 11/ 2024 1,000,000.00
986,000.00

0.00 986,000.00 5.02 09/ 20/ 2027 720
101.19
1,011,850.00
20,274.23
991,575.77 1.19
A1
A+
06051GGA1 BOFAML 3.248
10/21/ 27 '26 MTN
12/ 08/2023
12/ 08/2023 1,000,000.00
939,580.00

0.00 939,580.00 4.98 10/ 21/ 2027 751

98.69 986,910.00
19,020.37
967,889.63 1.16
A1
A592179KF1

METLIFE GBL FDG

5.050 01/ 06/ 28
MTN
12/ 08/ 2023
12/ 08/ 2023
1,158,000.00 1,156,135.62

0.00 1,156,135.62 5.09 01/ 06/2028 828 102.13
1,182,619.08
25,654.91
1,156,964.17

1.39 Aa3
AA931142FN8
WALMART 4.350
04/ 28/ 30 '30
05/ 13/ 2025
05/ 14/ 2025 1,500,000.00
1,501,425.00
2,900.00 1,504,325.00 4.33 04/ 28/ 2030 1,671
101.64
1,524,540.00
23,227.14
1,501,312.86 1.79
Aa2
AA
037833EZ9 APPLE 4.200
05/ 12/ 30 '30
05/ 13/ 2025
05/ 14/ 2025
1,500,000.00 1,488,735.00
350.00
1,489,085.00 4.37 05/ 12/ 2030 1,685 101.08
1,516,260.00
26,660.36
1,489,599.64

1.78 Aaa
AA+
023135BS4 AMAZON. COM

1.500 06/ 03/ 30 '30
08/ 18/ 2025
08/ 19/ 2025
1,500,000.00 1,334,550.00
4,750.00
1,339,300.00 4.06 06/03/ 2030 1,707 89.50
1,342,515.00
3,897.33
1,338,617.67

1.58 A1
AA

CORPORATE
BONDS TOTAL 10,158,000.00 9,887,155. 628,110. 42
9,895,266.04 4.15 1,021 99.06
10,045, 089. 08
113, 822. 91
9,931, 266. 17

11.80 A+

SUPRANATIONAL
459058JL8
IBRD 0.500
10/28/25 MTN
02/ 04/ 2021
02/ 04/ 2021 2,035,000.00
2,033,473.75

0.00 2,033,473.75 0.52 10/ 28/ 2025 28

99.72 2,029,281.65
5,694.43)
2,034,976.08 2.38
Aaa
AAA
45818WFN1
IDB 4.850 07/19/ 27
MTN
05/ 24/ 2024
05/ 24/ 2024 2,000,000.00
2,008,860.00

0.00 2,008,860.00 4.70 07/19/ 2027 657
101.21
2,024,100.00
19,041.23
2,005,058.77 2.38
Aaa
AAA
459058LN1
IBRD 3.875
10/ 16/ 29 MTN
11/ 14/ 2024
11/ 15/ 2024 1,500,000.00
1,469,736.00

0.00 1,469,736.00 4.33 10/ 16/ 2029 1,477
100.53
1,507,950.00
32,821.75
1,475,128.25 1.77
Aaa
AAA

SUPRANATIONAL
TOTAL 5,535, 000. 00
5,512,069.75

0.00 5,512, 069. 75 3.07 650
100.48
5,561, 331.65
46,168. 54
5,515,163.11 6.53 AAA

CITY OF SAN
RAMON, CA TOTAL 85,182,127.18 84,089,967.9210,064.07
84,100,031.99 3.60 763
85,109,936.00
505,013. 62
84,604,922.38
100.00 AA
GRAND TOTAL 85,182,127.18 84,089, 967.92
10,064. 07
84,100,031.99 3.60 763
85,109, 936. 00
505, 013. 62
84,604, 922. 38
100.00 AA
Position Statement

5.5.b
Packet Pg. 36
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
13 Amortization Schedule

CUSIP DESCRIPTION PAR VALUE

PRINCIPAL
COST

ORIGINAL

PREMIUM OR

DISCOUNT

BEGINNING

BOOK VALUE

CURRENT

PERIOD AMORT

ENDING BOOK
VALUE
TOTAL

AMORTIZATION

UNAMORTIZED

BALANCE

CITY OF SAN

RAMON, CA
02007GM42 ALLY BANK 5.050 03/ 23/ 26 248,000.00 247,752.00 ( 248.00) 247,953.97 6.80 247,960.78 208.78 ( 39.22) 02589AEN8 AM EX BK 5.000 03/ 23/ 26 248,000.00 247,752.00 ( 248.00) 247,954.02 6.80 247,960.81 208.81 ( 39.19) 023135BS4 AMAZON. COM 1.500 06/03/30 '30 1,500,000.00 1,334,550.00 ( 165,450.00) 1,335,779.76 2,837.91 1,338,617.67 4,067.67 ( 161,382.33) 037833EZ9 APPLE 4.200 05/ 12/ 30 '30 1,500,000.00 1,488,735.00 ( 11,265.00) 1,489,414.36 185.28 1,489,599.64 864.64 ( 10,400.36) 062119BK7 BANK FIVE 4.650 03/ 20/ 28 248,000.00 248,000.00 0.00 248,000.00 0.00 248,000.00 0.00 0.00 09659BX21 BNP Paribas New York Branch 0.0 10/02/ 2025 1,250,000.00 1,223,142.36 ( 26,857.64) 1,245,425.35 4,427.08 1,249,852.43 26,710.07 ( 147.57) 06051GGA1 BOFAML 3.248 10/ 21/ 27 '26 MTN 1,000,000.00 939,580.00 ( 60,420.00) 966,605.21 1,284.41 967,889.63 28,309.63 ( 32,110.37) 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/ 26 248,000.00 247,628.00 ( 372.00) 247,854.14 10.22 247,864.36 236.36 ( 135.64) 2546732U9 CAPITL ONE NA 5.000 03/ 21/ 28 248,000.00 247,456.88 ( 543.12) 247,722.56 8.93 247,731.49 274.61 ( 268.51) 12547CAX6 CIBC BANK 4.450 04/ 13/ 28 248,000.00 247,380.00 ( 620.00) 247,675.48 10.19 247,685.68 305.68 ( 314.32) 22533TZS8 CREDIT AGRI NY 12/ 26/ 25 1,250,000.00 1,211,568.06 ( 38,431.94) 1,233,365.28 4,302.08 1,237,667.36 26,099.30 ( 12,332.64) 23204HQA9 CUSTOMERS BANK 4.050 08/ 13/ 27 248,000.00 247,628.00 ( 372.00) 247,757.99 10.21 247,768.21 140.21 ( 231.80) 3135G06G3 FANNIE MAE 0.500 11/ 07/25 2,000,000.00 2,000,620.00 620.00 2,000,023.73 ( 10.63) 2,000,013.10 ( 606.90) 13.10 3133EN7A2 FED FARM CR BNKS 3.625 10/ 26/ 26 2,000,000.00 1,972,388.00 ( 27,612.00) 1,991,446.69 610.95 1,992,057.64 19,669.64 ( 7,942.36) 3133EPC45 FED FARM CR BNKS 4.625 11/ 13/ 28 2,000,000.00 2,009,460.00 9,460.00 2,006,107.04 ( 156.72) 2,005,950.32 ( 3,509.68) 5,950.32 3133ERDH1 FED FARM CR BNKS 4.750 04/ 30/ 29 2,000,000.00 2,030,572.00 30,572.00 2,022,617.37 ( 507.50) 2,022,109.88 ( 8,462.12) 22,109.88 3137EAEX3 FEDERAL HOME LOAN MORTGAGE CORP

0.375 09/ 23/ 2025
2,000,000.00 1,991,000.00 ( 9,000.00) 1,999,890.56 109.44 0.00 9,000.00 0.00 3130AL7M0 FHLBANKS 0.625 02/ 24/ 26 '25 2,000,000.00 2,000,000.00 0.00 2,000,000.00 0.00 2,000,000.00 0.00 0.00 3130AQW66 FHLBANKS 2.080 02/ 25/ 27 '25 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0.00 1,000,000.00 0.00 0.00 3130AUSN5 FHLBANKS 3.500 10/ 01/ 27 2,000,000.00 1,967,600.00 ( 32,400.00) 1,985,483.87 573.01 1,986,056.88 18,456.88 ( 13,943.12) 3130A07B0 FHLBANKS 4.000 09/01/ 28 1,265,000.00 1,214,564.45 ( 50,435.55) 1,233,680.55 857.28 1,234,537.83 19,973.38 ( 30,462.17) 3130AXU63 FHLBANKS 4.625 11/ 17/ 26 1,000,000.00 998,230.00 ( 1,770.00) 999,285.32 48.51 999,333.83 1,103.83 ( 666.17) 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 248,000.00 248,000.00 0.00 248,000.00 0.00 248,000.00 0.00 0.00 459058JL8 IBRD 0.500 10/ 28/ 25 MTN 2,035,000.00 2,033,473.75 ( 1,526.25) 2,034,949.51 26.57 2,034,976.08 1,502.33 ( 23.92) 459058LN1 IBRD 3.875 10/ 16/ 29 MTN 1,500,000.00 1,469,736.00 ( 30,264.00) 1,474,622.73 505.52 1,475,128.25 5,392.25 ( 24,871.75) 45818WFN1 IDB 4.850 07/19/ 27 MTN 2,000,000.00 2,008,860.00 8,860.00 2,005,290.12 ( 231.35) 2,005,058.77 ( 3,801.23) 5,058.77 53948BB99 LLOYDS BK NY BR 02/09/26 1,500,000.00 1,452,741.67 ( 47,258.33) 1,471,288.34 5,350.00 1,476,638.34 23,896.67 ( 23,361.66)

5.5.b
Packet Pg. 37
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
14 Amortization Schedule

CUSIP DESCRIPTION PAR VALUE

PRINCIPAL
COST

ORIGINAL

PREMIUM OR

DISCOUNT

BEGINNING

BOOK VALUE

CURRENT

PERIOD AMORT

ENDING BOOK
VALUE
TOTAL

AMORTIZATION

UNAMORTIZED

BALANCE
592179KF1 METLIFE GBL FDG 5.050 01/ 06/ 28 MTN 1,158,000.00 1,156,135.62 ( 1,864.38) 1,156,926.59 37.58 1,156,964.17 828.55 ( 1,035.83) 61768EE82 MORGAN PVT BNK 5.050 11/ 08/ 28 248,000.00 247,456.88 ( 543.12) 247,653.73 8.92 247,662.66 205.78 ( 337.34) 62479MBD4 MUFG BANK NY 02/ 13/ 26 1,200,000.00 1,161,676.00 ( 38,324.00) 1,176,405.00 4,290.00 1,180,695.00 19,019.00 ( 19,305.00) 637639AE5 NATL SECUR CLEAR 0.750 12/ 07/25 '25 1,000,000.00 1,004,130.00 4,130.00 1,000,166.87 ( 74.72) 1,000,092.15 ( 4,037.85) 92.15 795451AK9 SALLIE MAE BNK 1.100 08/ 11/ 26 248,000.00 248,000.00 0.00 248,000.00 0.00 248,000.00 0.00 0.00 857477AW3 STATE STREET 2.650 05/ 19/ 26 1,500,000.00 1,476,600.00 ( 23,400.00) 1,483,285.71 1,928.57 1,485,214.29 8,614.29 ( 14,785.71) 857894Q77 STEARNS BANK 4.050 08/ 14/ 28 248,000.00 247,752.00 ( 248.00) 247,817.01 5.09 247,822.10 70.10 ( 177.90) 89236TKJ3 TOYOTA MOTOR CRD 4.550 09/ 20/27 MTN 1,000,000.00 986,000.00 ( 14,000.00) 991,224.27 351.50 991,575.77 5,575.77 ( 8,424.23) 880591FE7 TVA 3.875 08/01/ 30 1,650,000.00 1,644,472.50 ( 5,527.50) 1,644,512.24 91.72 1,644,603.96 131.46 ( 5,396.04) 90355GHQ2 UBS USA 5.000 11/ 08/ 28 248,000.00 247,451.92 ( 548.08) 247,650.58 9.01 247,659.58 207.66 ( 340.42) 910286GB3 UNITED FIDELITY 5.000 03/ 30/ 26 248,000.00 248,000.00 0.00 248,000.00 0.00 248,000.00 0.00 0.00 91282CAT8 US TREASURY 0.250 10/ 31/ 25 2,000,000.00 1,946,875.00 ( 53,125.00) 1,998,084.93 957.54 1,999,042.46 52,167.46 ( 957.54) 91282CCW9 US TREASURY 0.750 08/ 31/ 26 1,000,000.00 997,798.42 ( 2,201.58) 999,560.48 36.22 999,596.70 1,798.28 ( 403.30) 91282CCZ2 US TREASURY 0.875 09/ 30/ 26 1,000,000.00 990,351.56 ( 9,648.44) 997,900.21 159.88 998,060.09 7,708.53 ( 1,939.91) 91282CDG3 US TREASURY 1.125 10/ 31/ 26 2,000,000.00 1,941,093.76 ( 58,906.24) 1,985,483.79 1,024.67 1,986,508.46 45,414.70 ( 13,491.54) 912828R36 US TREASURY 1.625 05/ 15/ 26 2,000,000.00 1,897,500.00 ( 102,500.00) 1,981,719.85 2,142. 21 1,983,862.05 86,362.05 ( 16,137.95) 912828U24 US TREASURY 2.000 11/ 15/ 26 2,000,000.00 2,003,593.76 3,593.76 2,000,927.58 ( 63.24) 2,000,864.33 ( 2,729.43) 864.33 912828M56 US TREASURY 2.250 11/ 15/ 25 2,000,000.00 2,041,015.62 41,015.62 2,002,239.86 ( 895.94) 2,001,343.92 ( 39,671.70) 1,343.92 9128283F5 US TREASURY 2.250 11/ 15/ 27 2,000,000.00 1,823,750.00 ( 176,250.00) 1,910,798.25 3,324.29 1,914,122.54 90,372.54 ( 85,877.46) 912828X88 US TREASURY 2.375 05/ 15/ 27 2,000,000.00 1,882,421.88 ( 117,578.12) 1,953,084.11 2,266.47 1,955,350.58 72,928.70 ( 44,649.42) 91282CFJ5 US TREASURY 3.125 08/ 31/ 29 1,500,000.00 1,471,230.47 ( 28,769.53) 1,476,599.49 480.83 1,477,080.32 5,849.85 ( 22,919.68) 91282CJR3 US TREASURY 3.750 12/ 31/ 28 1,150,000.00 1,132,525.39 ( 17,474.61) 1,136,027.19 344.44 1,136,371.63 3,846.24 ( 13,628.37) 91282CFL0 US TREASURY 3.875 09/ 30/ 29 1,600,000.00 1,571,750.00 ( 28,250.00) 1,576,458.33 473.99 1,576,932.33 5,182.33 ( 23,067.67) 91282CFY2 US TREASURY 3.875 11/ 30/29 2,000,000.00 1,982,812.50 ( 17,187.50) 1,983,950.75 310.43 1,984,261.18 1,448.68 ( 15,738.82) 91282CJW2 US TREASURY 4.000 01/ 31/ 29 1,200,000.00 1,192,921.88 ( 7,078.12) 1,194, 311.97 136.73 1,194,448.71 1,526.83 ( 5,551.29) 91282CGQ8 US TREASURY 4.000 02/ 28/ 30 2,000,000.00 1,992,578.13 ( 7,421.87) 1,993,044.38 127.16 1,993,171. 54 593.41 ( 6,828.46) 91282CMU2 US TREASURY 4.000 03/ 31/ 30 2,000,000.00 1,991,250.00 ( 8,750.00) 1,991,790.12 147.31 1,991,937.43 687.43 ( 8,062.57) 91282CLC3 US TREASURY 4.000 07/ 31/ 29 1,500,000.00 1,490,449.22 ( 9,550.78) 1,492,129.14 165.24 1,492,294.38 1,845.16 ( 7,705.62) 91282CFU0 US TREASURY 4.125 10/ 31/ 27 2,000,000.00 1,992,109.38 ( 7,890.62) 1,996,353.43 138.48 1,996,491.91 4,382.53 ( 3,508.09)

5.5.b
Packet Pg. 38
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
15 Amortization Schedule

CUSIP DESCRIPTION PAR VALUE

PRINCIPAL
COST

ORIGINAL

PREMIUM OR

DISCOUNT

BEGINNING

BOOK VALUE

CURRENT

PERIOD AMORT

ENDING BOOK
VALUE
TOTAL

AMORTIZATION

UNAMORTIZED

BALANCE
91282CLR0 US TREASURY 4.125 10/ 31/ 29 1,600,000.00 1,590,125.00 ( 9,875.00) 1,591,742.78 162.86 1,591,905.65 1,780.65 ( 8,094.35) 91282CHX2 US TREASURY 4.375 08/ 31/ 28 2,000,000.00 1,989,687.50 ( 10,312.50) 1,992,760.88 198.33 1,992,959.22 3,271.72 ( 7,040.78) 91282CJA0 US TREASURY 4.625 09/30/28 2,000,000.00 2,046,093.76 46,093.76 2,030,596.55 ( 815.91) 2,029,780.64 ( 16,313.12) 29,780.64 91282CJA0 US TREASURY 4.625 09/ 30/ 28 2,000,000.00 2,015,937.50 15,937.50 2,010,980.56 ( 292.81) 2,010,687.74 ( 5,249.76) 10,687.74 931142FN8 WALMART 4.350 04/ 28/ 30 '30 1,500,000.00 1,501,425.00 1,425.00 1,501,336.89 ( 24.03) 1,501,312.86 ( 112.14) 1,312.86 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 248,000.00 247,451.92 ( 548.08) 247,650.88 9.01 247,659.88 207.96 ( 340.12) TOTAL 81,830,000.00 80,728,840.74 ( 1,101,159. 26) 81,215, 368.37 37,426.83 79,252,795.20 523,954.46 ( 577,204.80) GRAND TOTAL 81,830,000.00 80,728,840.74 ( 1,101,159. 26) 81,215, 368.37 37,426.83 79,252,795.20 523,954.46 ( 577,204.80)

5.5.b
Packet Pg. 39
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
16 Accrued Interest Schedule

IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE

PRINCIPAL
COST

BEGINNING

ACCRUED

INTEREST

PURCHASED

INTEREST

CURRENT
PERIOD

ACCRUAL

INTEREST

RECEIVED
ENDING

ACCRUED

INTEREST

CITY OF SAN RAMON,
CA
02007GM42 ALLY BANK 5.050 03/ 23/ 26 2023- 03-23 248,000.00 247,752.00 5,558.60 0.00 1,029.37 6,313.47 274.50 02589AEN8 AM EX BK 5.000 03/ 23/ 26 2023- 03-22 248,000.00 247,752.00 5,503.56 0.00 1,019.18 6,250.96 271.78 023135BS4 AMAZON. COM 1.500 06/03/ 30 '30 2025- 08-19 1,500,000.00 1,334,550.00 5,500.00 0.00 1,875.00 0.00 7,375.00 037833EZ9 APPLE 4.200 05/ 12/ 30 '30 2025- 05-14 1,500,000.00 1,488,735.00 19,075.00 0.00 5,250.00 0.00 24,325.00 062119BK7 BANK FIVE 4.650 03/ 20/28 2023- 03-20 248,000.00 248,000.00 379.13 0.00 947.84 979.43 347.54 09659BX21
BNP Paribas New York Branch 0.0
10/ 02/ 2025 2025- 04-03 1,250,000.00 1,223,142.36 0.00 0.00 0.00 0.00 0.00 06051GGA1 BOFAML 3.248 10/ 21/ 27 '26 MTN 2023- 12- 08 1,000,000.00 939,580.00 11,728.89 0.00 2,706.67 0.00 14,435.56 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/ 26 2023- 11- 06 248,000.00 247,628.00 1,004.91 0.00 1,039.56 1,074.21 970.26 2546732U9 CAPITL ONE NA 5.000 03/ 21/ 28 2023- 03-22 248,000.00 247,456.88 5,537.53 0.00 1,019.18 6,250.96 305.75 12547CAX6 CIBC BANK 4.450 04/ 13/ 28 2023- 04-14 248,000.00 247,380.00 4,232.99 0.00 907.07 0.00 5,140.05 22533TZS8 CREDIT AGRI NY 12/ 26/ 25 2025- 04-02 1,250,000.00 1,211, 568.06 0.00 0.00 0.00 0.00 0.00 23204HQA9 CUSTOMERS BANK 4.050 08/ 13/ 27 2024- 08-14 248,000.00 247,628.00 495.32 0.00 825.53 0.00 1,320.85 CALAIF California LAIF 2025- 09-30 679,100.02 679,100.02 0.00 0.00 0.00 0.00 0.00 3135G06G3 FANNIE MAE 0.500 11/ 07/25 2021- 01- 20 2,000,000.00 2,000,620.00 3,166.67 0.00 833.33 0.00 4,000.00 3133EN7A2 FED FARM CR BNKS 3.625 10/ 26/26 2023- 02-07 2,000,000.00 1,972,388.00 25,173.61 0.00 6,041.67 0.00 31,215.28 3133EPC45 FED FARM CR BNKS 4.625 11/ 13/ 28 2023- 11- 28 2,000,000.00 2,009,460.00 27,750.00 0.00 7,708.33 0.00 35,458.33 3133ERDH1 FED FARM CR BNKS 4.750 04/ 30/ 29 2024- 05-17 2,000,000.00 2,030,572.00 31,930.56 0.00 7,916.67 0.00 39,847.22 3137EAEX3 FEDERAL HOME LOAN MORTGAGE
CORP 0.375 09/ 23/ 2025
2020- 10- 06 0.00 0.00 3,291.67 0.00 458.33 3,750.00 0.00 3130AL7M0 FHLBANKS 0.625 02/24/ 26 '25 2021- 02-24 2,000,000.00 2,000,000.00 243.06 0.00 1,041.67 0.00 1,284.72 3130AQW66 FHLBANKS 2.080 02/ 25/ 27 '25 2022- 02-25 1,000,000.00 1,000,000.00 346.67 0.00 1,733.33 0.00 2,080.00 3130AUSN5 FHLBANKS 3.500 10/ 01/ 27 2023- 02-07 2,000,000.00 1,967,600.00 29,166.67 0.00 5,833.33 0.00 35,000.00 3130A07B0 FHLBANKS 4.000 09/01/ 28 2023-10-31 1,265,000.00 1,214,564.45 25,300.00 0.00 4,216.67 25,300.00 4,216.67 3130AXU63 FHLBANKS 4.625 11/ 17/ 26 2023- 11-17 1,000,000.00 998,230.00 13,361.11 0.00 3,854.17 0.00 17,215.28 316175108 FIDELITY IMM:GOVT; I 2025- 09-30 4,673,027.16 4,673,027.16 10,319.23 0.00 10,178.85 10,319.23 10,178.85 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 2023- 03-15 248,000.00 248,000.00 531.33 0.00 937.65 968.90 500.08 459058JL8 IBRD 0.500 10/ 28/ 25 MTN 2021- 02-04 2,035,000.00 2,033,473.75 3,476.46 0.00 847.92 0.00 4,324.38 459058LN1 IBRD 3.875 10/ 16/ 29 MTN 2024- 11-15 1,500,000.00 1,469,736.00 21,795.00 0.00 4,845.00 0.00 26,640.00

5.5.b
Packet Pg. 40
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
17 Accrued Interest Schedule

IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE

PRINCIPAL
COST

BEGINNING

ACCRUED

INTEREST

PURCHASED

INTEREST

CURRENT
PERIOD

ACCRUAL

INTEREST

RECEIVED
ENDING

ACCRUED

INTEREST
45818WFN1 IDB 4.850 07/ 19/ 27 MTN 2024- 05-24 2,000,000.00 2,008,860.00 11,316.67 0.00 8,083.33 0.00 19,400.00 53948BB99 LLOYDS BK NY BR 02/ 09/ 26 2025- 05-20 1,500,000.00 1,452,741.67 0.00 0.00 0.00 0.00 0.00 592179KF1 METLIFE GBL FDG 5.050 01/ 06/ 28 MTN 2023-12-08 1,158,000.00 1,156,135.62 8,934.29 0.00 4,873.25 0.00 13,807.54 61768EE82 MORGAN PVT BNK 5.050 11/ 08/ 28 2023- 11- 08 248,000.00 247,456.88 3,980.23 0.00 1,029.37 0.00 5,009.60 62479MBD4 MUFG BANK NY 02/ 13/ 26 2025- 05-21 1,200,000.00 1,161,676.00 0.00 0.00 0.00 0.00 0.00 637639AE5 NATL SECUR CLEAR 0.750 12/ 07/25 '25 2021- 01-07 1,000,000.00 1,004,130.00 1,750.00 0.00 625.00 0.00 2,375.00 795451AK9 SALLIE MAE BNK 1.100 08/ 11/ 26 2021- 08-11 248,000.00 248,000.00 156.95 0.00 224.22 0.00 381.17 857477AW3 STATE STREET 2.650 05/ 19/ 26 2025- 05-20 1,500,000.00 1,476,600.00 11,262.50 0.00 3,312.50 0.00 14,575.00 857894Q77 STEARNS BANK 4.050 08/ 14/ 28 2024- 08-13 248,000.00 247,752.00 522.84 0.00 825.53 0.00 1,348.37 89236TKJ3
TOYOTA MOTOR CRD 4.550 09/ 20/ 27
MTN 2024- 06-11 1,000,000.00 986,000.00 20,348.61 0.00 3,791.67 22,750.00 1,390.28 880591FE7 TVA 3.875 08/ 01/ 30 2025- 08-19 1,650,000.00 1,644,472.50 4,084.90 0.00 5,328.13 0.00 9,413.02 90355GHQ2 UBS USA 5.000 11/ 08/ 28 2023- 11- 08 248,000.00 247,451.92 815.34 0.00 1,019.18 1,053.15 781.37 910286GB3 UNITED FIDELITY 5.000 03/ 30/26 2023- 03-30 248,000.00 248,000.00 1,121.10 0.00 1,019.18 2,106.30 33.97 91282CAT8 US TREASURY 0.250 10/ 31/ 25 2021- 04-06 2,000,000.00 1,946,875.00 1,684.78 0.00 407.61 0.00 2,092.39 91282CCW9 US TREASURY 0.750 08/ 31/ 26 2021- 08-31 1,000,000.00 997,798.42 3,770.72 0.00 621.55 3,750.00 642.27 91282CCZ2 US TREASURY 0.875 09/30/26 2021-10-13 1,000,000.00 990,351.56 3,681.69 0.00 717.34 4,375.00 24.04 91282CDG3 US TREASURY 1.125 10/ 31/ 26 2022- 02-07 2,000,000.00 1,941,093.76 7,581.52 0.00 1,834.24 0.00 9,415.76 912828R36 US TREASURY 1.625 05/ 15/ 26 2022- 06-07 2,000,000.00 1,897,500.00 9,626.36 0.00 2,649.46 0.00 12,275.82 912828U24 US TREASURY 2.000 11/ 15/ 26 2022-03-14 2,000,000.00 2,003,593.76 11,847.83 0.00 3,260.87 0.00 15,108.70 912828M56 US TREASURY 2.250 11/ 15/ 25 2022- 02-07 2,000,000.00 2,041,015.62 13,328.80 0.00 3,668.48 0.00 16,997.28 9128283F5 US TREASURY 2.250 11/ 15/ 27 2023- 07-07 2,000,000.00 1,823,750.00 13,328.80 0.00 3,668.48 0.00 16,997.28 912828X88 US TREASURY 2.375 05/ 15/ 27 2023- 02-07 2,000,000.00 1,882,421.88 14,069.29 0.00 3,872.28 0.00 17,941.58 91282CFJ5 US TREASURY 3.125 08/ 31/ 29 2024- 09-30 1,500,000.00 1,471,230.47 23,566.99 0.00 3,884.67 23,437.50 4,014.16 91282CJR3 US TREASURY 3.750 12/ 31/ 28 2024- 10- 30 1,150,000.00 1,132,525.39 7,382.81 0.00 3,515.63 0.00 10,898.44 91282CFL0 US TREASURY 3.875 09/30/29 2024-11- 07 1,600,000.00 1,571,750.00 26,087.43 0.00 5,082.90 31,000.00 170.33 91282CFY2 US TREASURY 3.875 11/ 30/ 29 2025- 05-14 2,000,000.00 1,982,812.50 19,692.62 0.00 6,352.46 0.00 26,045.08 91282CJW2 US TREASURY 4.000 01/ 31/ 29 2024- 10- 30 1,200,000.00 1,192,921.88 4,173.91 0.00 3,913.04 0.00 8,086.96 91282CGQ8 US TREASURY 4.000 02/ 28/ 30 2025- 05-14 2,000,000.00 1,992,578.13 40,220.99 0.00 6,629.83 40,000.00 6,850.83 91282CMU2 US TREASURY 4.000 03/ 31/ 30 2025- 05-14 2,000,000.00 1,991,250.00 33,661.20 0.00 6,558.58 40,000.00 219.78

5.5.b
Packet Pg. 41
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
18 Accrued Interest Schedule

IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE

PRINCIPAL
COST

BEGINNING

ACCRUED

INTEREST

PURCHASED

INTEREST

CURRENT
PERIOD

ACCRUAL

INTEREST

RECEIVED
ENDING

ACCRUED

INTEREST
91282CLC3 US TREASURY 4.000 07/ 31/ 29 2024- 10- 30 1,500,000.00 1,490,449.22 5,217.39 0.00 4,891.30 0.00 10,108.70 91282CFU0 US TREASURY 4.125 10/ 31/ 27 2023- 02-23 2,000,000.00 1,992,109.38 27,798.91 0.00 6,725.54 0.00 34,524.46 91282CLR0 US TREASURY 4.125 10/ 31/ 29 2024-11- 07 1,600,000.00 1,590,125.00 22,239.13 0.00 5,380.43 0.00 27,619.57 91282CHX2 US TREASURY 4.375 08/ 31/ 28 2024- 05-23 2,000,000.00 1,989,687.50 43,991.71 0.00 7,251.38 43,750.00 7,493.09 91282CJA0 US TREASURY 4.625 09/30/ 28 2024- 04-10 2,000,000.00 2,015,937.50 38,920.77 0.00 7,583.36 46,250.00 254.12 91282CJA0 US TREASURY 4.625 09/30/28 2024- 02-08 2,000,000.00 2,046,093.76 38,920.77 0.00 7,583.36 46,250.00 254.12 931142FN8 WALMART 4.350 04/ 28/ 30 '30 2025- 05-14 1,500,000.00 1,501,425.00 22,293.75 0.00 5,437.50 0.00 27,731.25 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 2023- 11- 07 248,000.00 247,451.92 857.81 0.00 1,029.37 1,063.68 823.50 TOTAL 85,182,127.18 84,089,967.92 753,107.38 0.00 205,717.31 366,992.79 591, 831. 90 GRAND TOTAL 85,182,127.18 84,089, 967.92 753,107. 38 0.00 205, 717. 31 366, 992. 79 591, 831. 90

5.5.b
Packet Pg. 42
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
19 Earnings by Fund

CUSIP DESCRIPTION

ENDING PAR
VALUE

BEGINNING

BOOK VALUE

ENDING BOOK
VALUE
FINAL

MATURITY
COUPON

RATE YIELD

INTEREST
EARNED
NET

AMORTIZATION/

ACCRETION
INCOME

NET REALIZED

GAIN/ LOSS

ADJUSTED

INTEREST

EARNINGS

CITY OF SAN RAMON,
CA
02007GM42 ALLY BANK 5.050 03/ 23/ 26 248,000.00 247,953.97 247,960.78 03/ 23/ 2026 5.05 5.09 1,029.37 6.80 0.00 1,036.17 023135BS4 AMAZON. COM 1.500 06/ 03/ 30
30 1,500,000.00 1,335,779.76 1,338,617.67 06/ 03/ 2030 1.50 4.06 1,875.00 2,837.91 0.00 4,712.91 02589AEN8 AM EX BK 5.000 03/ 23/ 26 248,000.00 247,954.02 247,960.81 03/23/ 2026 5.00 5.04 1,019.18 6.80 0.00 1,025.97 037833EZ9 APPLE 4.200 05/ 12/ 30 '30 1,500,000.00 1,489,414.36 1,489,599.64 05/ 12/ 2030 4.20 4.37 5,250.00 185.28 0.00 5,435.28 06051GGA1 BOFAML 3.248 10/ 21/ 27 '26 MTN 1,000,000.00 966,605.21 967,889.63 10/ 21/ 2027 3.25 4.98 2,706.67 1,284.41 0.00 3,991.08 062119BK7 BANK FIVE 4.650 03/ 20/28 248,000.00 248,000.00 248,000.00 03/ 20/2028 4.65 4.65 947.84 0.00 0.00 947.84 09659BX21
BNP Paribas New York Branch 0.0
10/02/ 2025 1,250,000.00 1,245,425.35 1,249,852.43 10/ 02/ 2025 0.00 4.34 0.00 4,427.08 0.00 4,427.08 108622PJ4
BRIDGEWATER BANK 5.100
11/ 03/ 26 248,000.00 247,854.14 247,864.36 11/ 03/ 2026 5.10 5.15 1,039.56 10.22 0.00 1,049.78 12547CAX6 CIBC BANK 4.450 04/ 13/ 28 248,000.00 247,675.48 247,685.68 04/ 13/ 2028 4.45 4.51 907.07 10.19 0.00 917.26 22533TZS8 CREDIT AGRI NY 12/ 26/ 25 1,250,000.00 1,233,365.28 1,237,667.36 12/ 26/ 2025 0.00 4.26 0.00 4,302.08 0.00 4,302.08 23204HQA9 CUSTOMERS BANK 4.050
08/ 13/ 27 248,000.00 247,757.99 247,768.21 08/ 13/ 2027 4.05 4.10 825.53 10.21 0.00 835.75 2546732U9 CAPITL ONE NA 5.000 03/ 21/ 28 248,000.00 247,722.56 247,731.49 03/ 21/ 2028 5.00 5.05 1,019.18 8.93 0.00 1,028.11 3130A07B0 FHLBANKS 4.000 09/ 01/ 28 1,265,000.00 1,233,680.55 1,234,537.83 09/ 01/ 2028 4.00 4.94 4,216.67 857.28 0.00 5,073.95 3130AL7M0 FHLBANKS 0.625 02/ 24/ 26 '25 2,000,000.00 2,000,000.00 2,000,000.00 02/ 24/ 2026 0.63 0.63 1,041.67 0.00 0.00 1,041.67 3130AQW66 FHLBANKS 2.080 02/ 25/ 27 '25 1,000,000.00 1,000,000.00 1,000,000.00 02/ 25/ 2027 2.08 2.08 1,733.33 0.00 0.00 1,733.33 3130AUSN5 FHLBANKS 3.500 10/ 01/ 27 2,000,000.00 1,985,483.87 1,986,056.88 10/ 01/ 2027 3.50 3.89 5,833.33 573.01 0.00 6,406.34 3130AXU63 FHLBANKS 4.625 11/ 17/ 26 1,000,000.00 999,285.32 999,333.83 11/ 17/2026 4.63 4.69 3,854.17 48.51 0.00 3,902.67 3133EN7A2
FED FARM CR BNKS 3.625
10/ 26/ 26 2,000,000.00 1,991,446.69 1,992,057.64 10/ 26/ 2026 3.63 4.03 6,041.67 610.95 0.00 6,652.62 3133EPC45 FED FARM CR BNKS 4.625
11/ 13/ 28
2,000,000.00 2,006,107.04 2,005,950.32 11/ 13/ 2028 4.63 4.52 7,708.33 ( 156.72) 0.00 7,551.61 3133ERDH1 FED FARM CR BNKS 4.750
04/ 30/ 29
2,000,000.00 2,022,617.37 2,022,109.88 04/30/2029 4.75 4.40 7,916.67 ( 507.50) 0.00 7,409.17 3135G06G3 FANNIE MAE 0.500 11/ 07/25 2,000,000.00 2,000,023.73 2,000,013.10 11/ 07/ 2025 0.50 0.49 833.33 ( 10.63) 0.00 822.71 3137EAEX3
FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/ 2025 0.00 1,999,890.56 0.00 09/ 23/ 2025 0.38 0.47 458.33 109.44 0.00 567.77 316175108 FIDELITY IMM:GOVT; I 4,673,027.16 2,306,034.37 4,673,027.16 09/ 30/ 2025 4.05 4.03 10,178.85 0.00 0.00 10,178.85 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 248,000.00 248,000.00 248,000.00 03/ 15/ 2028 4.60 4.60 937.65 0.00 0.00 937.65 45818WFN1 IDB 4.850 07/19/ 27 MTN 2,000,000.00 2,005,290.12 2,005,058.77 07/19/ 2027 4.85 4.70 8,083.33 ( 231.35) 0.00 7,851.99

5.5.b
Packet Pg. 43
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
20 Earnings by Fund

CUSIP DESCRIPTION

ENDING PAR
VALUE

BEGINNING

BOOK VALUE

ENDING BOOK
VALUE
FINAL

MATURITY
COUPON

RATE YIELD

INTEREST
EARNED
NET

AMORTIZATION/

ACCRETION
INCOME

NET REALIZED

GAIN/ LOSS

ADJUSTED

INTEREST

EARNINGS
459058JL8 IBRD 0.500 10/ 28/ 25 MTN 2,035,000.00 2,034,949.51 2,034,976.08 10/ 28/ 2025 0.50 0.52 847.92 26.57 0.00 874.49 459058LN1 IBRD 3.875 10/ 16/ 29 MTN 1,500,000.00 1,474,622.73 1,475,128.25 10/ 16/ 2029 3.88 4.33 4,845.00 505.52 0.00 5,350.52 53948BB99 LLOYDS BK NY BR 02/09/26 1,500,000.00 1,471,288.34 1,476,638.34 02/09/2026 0.00 4.42 0.00 5,350.00 0.00 5,350.00 592179KF1
METLIFE GBL FDG 5.050
01/ 06/ 28 MTN 1,158,000.00 1,156,926.59 1,156,964.17 01/ 06/ 2028 5.05 5.09 4,873.25 37.58 0.00 4,910.83 61768EE82 MORGAN PVT BNK 5.050
11/ 08/ 28
248,000.00 247,653.73 247,662.66 11/ 08/ 2028 5.05 5.05 1,029.37 8.92 0.00 1,038.29 62479MBD4 MUFG BANK NY 02/ 13/ 26 1,200,000.00 1,176,405.00 1,180,695.00 02/ 13/ 2026 0.00 4.43 0.00 4,290.00 0.00 4,290.00 637639AE5 NATL SECUR CLEAR 0.750
12/ 07/ 25 '25
1,000,000.00 1,000,166.87 1,000,092.15 12/ 07/ 2025 0.75 0.66 625.00 ( 74.72) 0.00 550.28 795451AK9 SALLIE MAE BNK 1.100 08/ 11/ 26 248,000.00 248,000.00 248,000.00 08/ 11/ 2026 1.10 1.10 224.22 0.00 0.00 224.22 857477AW3 STATE STREET 2.650 05/ 19/ 26 1,500,000.00 1,483,285.71 1,485,214.29 05/ 19/ 2026 2.65 4.26 3,312.50 1,928.57 0.00 5,241.07 857894Q77 STEARNS BANK 4.050 08/ 14/ 28 248,000.00 247,817.01 247,822.10 08/ 14/ 2028 4.05 4.08 825.53 5.09 0.00 830.63 880591FE7 TVA 3.875 08/01/ 30 1,650,000.00 1,644,512.24 1,644,603.96 08/ 01/ 2030 3.88 3.95 5,328.13 91.72 0.00 5,419.84 89236TKJ3
TOYOTA MOTOR CRD 4.550
09/ 20/ 27 MTN 1,000,000.00 991,224.27 991,575.77 09/ 20/ 2027 4.55 5.02 3,791.67 351.50 0.00 4,143.16 90355GHQ2 UBS USA 5.000 11/ 08/ 28 248,000.00 247,650.58 247,659.58 11/ 08/ 2028 5.00 5.05 1,019.18 9.01 0.00 1,028.18 910286GB3 UNITED FIDELITY 5.000
03/ 30/ 26
248,000.00 248,000.00 248,000.00 03/ 30/ 2026 5.00 5.00 1,019.18 0.00 0.00 1,019.18 9128283F5 US TREASURY 2.250 11/ 15/ 27 2,000,000.00 1,910,798.25 1,914,122.54 11/ 15/ 2027 2.25 4.50 3,668.48 3,324.29 0.00 6,992.77 912828M56 US TREASURY 2.250 11/ 15/ 25 2,000,000.00 2,002,239.86 2,001,343.92 11/ 15/ 2025 2.25 1.69 3,668.48 ( 895.94) 0.00 2,772.53 912828R36 US TREASURY 1.625 05/ 15/ 26 2,000,000.00 1,981,719.85 1,983,862.05 05/ 15/ 2026 1.63 3.02 2,649.46 2,142. 21 0.00 4,791.66 912828U24 US TREASURY 2.000 11/ 15/ 26 2,000,000.00 2,000,927.58 2,000,864.33 11/ 15/ 2026 2.00 1.96 3,260.87 ( 63.24) 0.00 3,197.63 912828X88 US TREASURY 2.375 05/ 15/ 27 2,000,000.00 1,953,084.11 1,955,350.58 05/ 15/ 2027 2.38 3.88 3,872.28 2,266.47 0.00 6,138.75 91282CAT8 US TREASURY 0.250 10/ 31/ 25 2,000,000.00 1,998,084.93 1,999,042.46 10/ 31/ 2025 0.25 0.84 407.61 957.54 0.00 1,365.15 91282CCW9 US TREASURY 0.750 08/ 31/ 26 1,000,000.00 999,560.48 999,596.70 08/ 31/ 2026 0.75 0.80 621.55 36.22 0.00 657.77 91282CCZ2 US TREASURY 0.875 09/ 30/ 26 1,000,000.00 997,900.21 998,060.09 09/ 30/ 2026 0.88 1.08 717.34 159.88 0.00 877.23 91282CDG3 US TREASURY 1.125 10/ 31/ 26 2,000,000.00 1,985,483.79 1,986,508.46 10/ 31/ 2026 1.13 1.78 1,834.24 1,024.67 0.00 2,858.91 91282CFJ5 US TREASURY 3.125 08/ 31/ 29 1,500,000.00 1,476,599.49 1,477,080.32 08/ 31/ 2029 3.13 3.55 3,884.67 480.83 0.00 4,365.50 91282CFL0 US TREASURY 3.875 09/ 30/ 29 1,600,000.00 1,576,458.33 1,576,932.33 09/ 30/ 2029 3.88 4.28 5,082.90 473.99 0.00 5,556.89 91282CFU0 US TREASURY 4.125 10/ 31/ 27 2,000,000.00 1,996,353.43 1,996,491.91 10/ 31/ 2027 4.13 4.22 6,725.54 138.48 0.00 6,864.02 91282CFY2 US TREASURY 3.875 11/ 30/29 2,000,000.00 1,983,950.75 1,984,261.18 11/ 30/2029 3.88 4.08 6,352.46 310.43 0.00 6,662.89

5.5.b
Packet Pg. 44
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
21 Earnings by Fund

CUSIP DESCRIPTION

ENDING PAR
VALUE

BEGINNING

BOOK VALUE

ENDING BOOK
VALUE
FINAL

MATURITY
COUPON

RATE YIELD

INTEREST
EARNED
NET

AMORTIZATION/

ACCRETION
INCOME

NET REALIZED

GAIN/ LOSS

ADJUSTED

INTEREST

EARNINGS
91282CGQ8 US TREASURY 4.000 02/ 28/ 30 2,000,000.00 1,993,044.38 1,993,171.54 02/ 28/ 2030 4.00 4.08 6,629.83 127.16 0.00 6,756.99 91282CHX2 US TREASURY 4.375 08/ 31/ 28 2,000,000.00 1,992,760.88 1,992,959.22 08/ 31/ 2028 4.38 4.51 7,251.38 198.33 0.00 7,449.71 91282CJA0 US TREASURY 4.625 09/30/28 2,000,000.00 2,030,596.55 2,029,780.64 09/30/ 2028 4.63 4.07 7,583.36 ( 815.91) 0.00 6,767.45 91282CJA0 US TREASURY 4.625 09/ 30/ 28 2,000,000.00 2,010,980.56 2,010,687.74 09/ 30/ 2028 4.63 4.43 7,583.36 ( 292.81) 0.00 7,290.54 91282CJR3 US TREASURY 3.750 12/ 31/ 28 1,150,000.00 1,136,027.19 1,136,371.63 12/ 31/ 2028 3.75 4.15 3,515.63 344.44 0.00 3,860.07 91282CJW2 US TREASURY 4.000 01/ 31/ 29 1,200,000.00 1,194,311.97 1,194,448.71 01/ 31/ 2029 4.00 4.15 3,913.04 136.73 0.00 4,049.77 91282CLC3 US TREASURY 4.000 07/ 31/ 29 1,500,000.00 1,492,129.14 1,492,294.38 07/ 31/ 2029 4.00 4.15 4,891.30 165.24 0.00 5,056.54 91282CLR0 US TREASURY 4.125 10/ 31/ 29 1,600,000.00 1,591,742.78 1,591,905.65 10/ 31/ 2029 4.13 4.26 5,380.43 162.86 0.00 5,543.30 91282CMU2 US TREASURY 4.000 03/ 31/ 30 2,000,000.00 1,991,790.12 1,991,937.43 03/ 31/ 2030 4.00 4.10 6,558.58 147.31 0.00 6,705.88 931142FN8 WALMART 4.350 04/ 28/ 30 '30 1,500,000.00 1,501,336.89 1,501,312.86 04/ 28/ 2030 4.35 4.33 5,437.50 ( 24.03) 0.00 5,413.47 949764HK3 WELLS FARGO BANK 5.050
11/ 07/ 28
248,000.00 247,650.88 247,659.88 11/ 07/2028 5.05 5.10 1,029.37 9.01 0.00 1,038.37 CALAIF California LAIF 679,100.02 679,100.02 679,100.02 09/ 30/ 2025 0.00 4.21 0.00 0.00 0.00 0.00 TOTAL 85,182,127.18 84,200,502.76 84,604,922.38 3.02 3.60 205,717.31 37,426.83 0.00 243,144.15 GRAND TOTAL 85,182,127.18 84,200, 502. 76 84,604, 922. 38 3.02 3.60 205, 717.31 37,426. 83 0.00 243, 144.15

5.5.b
Packet Pg. 45
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
22 Transaction Statement

CITY OF SAN

RAMON, CA

TRADE DATE SETTLE DATE CUSIP DESCRIPTION PAR VALUE BOOK VALUE TOTAL NET

REALIZED

GAIN/ LOSS

MATURITY
09/23/ 2025 09/ 23/ 2025 3137EAEX3 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/ 23/ 2025 ( 2,000,000.00) 2,000,000.00 2,000,000.00 0.00 MATURITY TOTAL ( 2,000,000.00) 2,000,000.00 2,000,000.00 0.00

5.5.b
Packet Pg. 46
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
23 Income/ Dividend Received

IDENTIFIER DESCRIPTION PAYMENT DATE POST DATE

INTEREST/ DIVIDENDS

RECEIVED

US BANK
316175108 FIDELITY IMM:GOVT; I 08/ 29/ 2025 09/ 02/ 2025 10,319.23 91282CHX2 US TREASURY 4.375 08/ 31/ 28 08/ 31/ 2025 09/02/2025 43,750.00 91282CFJ5 US TREASURY 3.125 08/ 31/ 29 08/ 31/ 2025 09/ 02/ 2025 23,437.50 91282CGQ8 US TREASURY 4.000 02/ 28/ 30 08/ 31/ 2025 09/ 02/ 2025 40,000.00 910286GB3 UNITED FIDELITY 5.000 03/30/26 08/ 30/2025 09/02/2025 1,053.15 3130A07B0 FHLBANKS 4.000 09/ 01/ 28 09/ 01/ 2025 09/ 02/ 2025 25,300.00 91282CCW9 US TREASURY 0.750 08/ 31/ 26 08/ 31/ 2025 09/ 02/ 2025 3,750.00 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/ 26 09/03/ 2025 09/03/ 2025 1,074.21 90355GHQ2 UBS USA 5.000 11/ 08/ 28 09/ 08/ 2025 09/08/ 2025 1,053.15 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 09/ 07/ 2025 09/08/ 2025 1,063.68 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 09/15/ 2025 09/15/ 2025 968.90 89236TKJ3 TOYOTA MOTOR CRD 4.550 09/ 20/ 27 MTN 09/ 20/ 2025 09/ 22/ 2025 22,750.00 02589AEN8 AM EX BK 5.000 03/ 23/ 26 09/ 20/ 2025 09/ 22/ 2025 6,250.96 2546732U9 CAPITL ONE NA 5.000 03/ 21/ 28 09/ 22/ 2025 09/ 22/ 2025 6,250.96 062119BK7 BANK FIVE 4.650 03/ 20/ 28 09/ 20/ 2025 09/ 22/ 2025 979.43 3137EAEX3 FEDERAL HOME LOAN MORTGAGE CORP 0.375
09/ 23/ 2025
09/23/ 2025 09/23/ 2025 3,750.00
02007GM42 ALLY BANK 5.050 03/ 23/26 09/23/ 2025 09/23/ 2025 6,313.47 91282CMU2 US TREASURY 4.000 03/ 31/ 30 09/ 30/ 2025 09/ 30/ 2025 40,000.00 91282CJA0 US TREASURY 4.625 09/ 30/ 28 09/ 30/ 2025 09/ 30/ 2025 92,500.00 91282CCZ2 US TREASURY 0.875 09/30/26 09/ 30/2025 09/ 30/2025 4,375.00 910286GB3 UNITED FIDELITY 5.000 03/ 30/ 26 09/ 30/ 2025 09/ 30/ 2025 1,053.15 91282CFL0 US TREASURY 3.875 09/ 30/ 29 09/ 30/ 2025 09/ 30/ 2025 31,000.00 US BANK - TOTAL 366,992.79
TOTAL 366,992.79

5.5.b
Packet Pg. 47
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
24 Contribution/ Withdrawals and Expenses
No activity during current period

5.5.b
Packet Pg. 48
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
25 CUSIP DESCRIPTION POST DATE AMOUNT
3130AUSN5 FHLBANKS 3.500 10/ 01/ 27 10/ 01/ 2025 35,000.00 09659BX21 BNP Paribas New York Branch 0.0 10/02/2025 10/02/2025 147.57 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/26 10/03/ 2025 1,039.56 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 10/ 07/2025 1,029.37 90355GHQ2 UBS USA 5.000 11/ 08/28 10/08/ 2025 1,019.18
12547CAX6 CIBC BANK 4.450 04/ 13/ 28 10/ 14/ 2025 5,533.12 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 10/ 15/ 2025 937.64 459058LN1 IBRD 3.875 10/ 16/ 29 MTN 10/ 16/ 2025 29,062.50 062119BK7 BANK FIVE 4.650 03/ 20/28 10/ 20/ 2025 947.84 06051GGA1 BOFAML 3.248 10/ 21/ 27 '26 MTN 10/ 21/ 2025 16,240.00 3133EN7A2 FED FARM CR BNKS 3.625 10/26/26 10/ 27/2025 36,250.00 459058JL8 IBRD 0.500 10/28/25 MTN 10/28/ 2025 23.92
459058JL8 IBRD 0.500 10/ 28/ 25 MTN 10/ 28/ 2025 5,087.50 931142FN8 WALMART 4.350 04/ 28/30 '30 10/28/ 2025 32,625.00 3133ERDH1 FED FARM CR BNKS 4.750 04/30/29 10/ 30/ 2025 47,500.00 910286GB3 UNITED FIDELITY 5.000 03/ 30/ 26 10/ 30/ 2025 1,019.18 91282CAT8 US TREASURY 0.250 10/ 31/ 25 10/ 31/ 2025 957.54 91282CFU0 US TREASURY 4.125 10/ 31/ 27 10/ 31/ 2025 41,250.00 91282CDG3 US TREASURY 1.125 10/ 31/ 26 10/ 31/ 2025 11,250.00 91282CAT8 US TREASURY 0.250 10/ 31/ 25 10/ 31/ 2025 2,500.00 91282CLR0 US TREASURY 4.125 10/ 31/ 29 10/ 31/ 2025 33,000.00 OCT 2025 TOTAL 302,419.91
108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/26 11/ 03/ 2025 1,074.21 3135G06G3 FANNIE MAE 0.500 11/ 07/25 11/ 07/2025 ( 13.10) 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 11/ 07/2025 1,063.68 3135G06G3 FANNIE MAE 0.500 11/ 07/25 11/ 07/2025 5,000.00 61768EE82 MORGAN PVT BNK 5.050 11/ 08/ 28 11/ 10/ 2025 6,313.47 90355GHQ2 UBS USA 5.000 11/ 08/ 28 11/ 10/ 2025 1,053.15 Projected Cash Flows
For the Period October 01, 2025 to September 30, 2026

5.5.b
Packet Pg. 49
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
26 CUSIP DESCRIPTION POST DATE AMOUNT
037833EZ9 APPLE 4.200 05/ 12/ 30 '30 11/ 12/ 2025 31,500.00 3133EPC45 FED FARM CR BNKS 4.625 11/ 13/ 28 11/ 13/ 2025 46,250.00 912828M56 US TREASURY 2.250 11/ 15/ 25 11/ 15/ 2025 ( 1,343.92) 912828X88 US TREASURY 2.375 05/ 15/ 27 11/ 17/ 2025 23,750.00 9128283F5 US TREASURY 2.250 11/ 15/ 27 11/ 17/2025 22,500.00 912828R36 US TREASURY 1.625 05/ 15/ 26 11/ 17/2025 16,250.00 912828U24 US TREASURY 2.000 11/ 15/ 26 11/ 17/ 2025 20,000.00 912828M56 US TREASURY 2.250 11/ 15/ 25 11/ 17/2025 22,500.00 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 11/ 17/2025 968.90 3130AXU63 FHLBANKS 4.625 11/ 17/ 26 11/ 17/ 2025 23,125.00 857477AW3 STATE STREET 2.650 05/19/ 26 11/ 19/ 2025 19,875.00 062119BK7 BANK FIVE 4.650 03/ 20/28 11/ 20/2025 979.43
NOV 2025 TOTAL 240,845.82
91282CFY2 US TREASURY 3.875 11/ 30/29 12/ 01/ 2025 38,750.00 910286GB3 UNITED FIDELITY 5.000 03/ 30/26 12/ 01/ 2025 1,053.15 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/ 26 12/ 03/ 2025 1,039.56 023135BS4 AMAZON.COM 1.500 06/03/30 '30 12/ 03/ 2025 11,250.00 637639AE5 NATL SECUR CLEAR 0.750 12/ 07/25 '25 12/ 07/2025 ( 92.15) 637639AE5 NATL SECUR CLEAR 0.750 12/ 07/25 '25 12/ 08/ 2025 3,750.00 90355GHQ2 UBS USA 5.000 11/ 08/28 12/ 08/ 2025 1,019.18 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 12/ 08/ 2025 1,029.37 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 12/ 15/ 2025 937.64 062119BK7 BANK FIVE 4.650 03/ 20/28 12/ 22/2025 947.84
22533TZS8 CREDIT AGRI NY 12/ 26/25 12/ 26/2025 12,332.64 910286GB3 UNITED FIDELITY 5.000 03/ 30/ 26 12/ 30/ 2025 1,019.18 91282CJR3 US TREASURY 3.750 12/ 31/ 28 12/ 31/ 2025 21,562.50 DEC 2025 TOTAL 94,598.90
108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/ 26 01/ 05/ 2026 1,074.21 Projected Cash Flows
For the Period October 01, 2025 to September 30, 2026

5.5.b
Packet Pg. 50
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
27 CUSIP DESCRIPTION POST DATE AMOUNT
592179KF1 METLIFE GBL FDG 5.050 01/ 06/ 28 MTN 01/ 06/ 2026 29,239.50 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 01/ 07/2026 1,063.68 90355GHQ2 UBS USA 5.000 11/ 08/28 01/ 08/2026 1,053.15
32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 01/ 15/ 2026 968.90 062119BK7 BANK FIVE 4.650 03/ 20/28 01/ 20/2026 979.43
45818WFN1 IDB 4.850 07/19/ 27 MTN 01/ 20/2026 48,500.00 910286GB3 UNITED FIDELITY 5.000 03/ 30/ 26 01/ 30/2026 1,053.15 JAN 2026 TOTAL 83,932.03
880591FE7 TVA 3.875 08/01/ 30 02/02/2026 30,725.52
91282CJW2 US TREASURY 4.000 01/ 31/ 29 02/ 02/ 2026 24,000.00 91282CLC3 US TREASURY 4.000 07/31/ 29 02/02/2026 30,000.00 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/26 02/03/2026 1,074.21 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 02/ 09/ 2026 1,063.68 53948BB99 LLOYDS BK NY BR 02/09/26 02/09/2026 23,361.66 90355GHQ2 UBS USA 5.000 11/ 08/28 02/09/2026 1,053.15
795451AK9 SALLIE MAE BNK 1.100 08/ 11/ 26 02/ 11/ 2026 1,375.21 857894Q77 STEARNS BANK 4.050 08/ 14/ 28 02/13/ 2026 5,063.28 62479MBD4 MUFG BANK NY 02/13/ 26 02/13/ 2026 19,305.00
32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 02/ 17/ 2026 968.90 23204HQA9 CUSTOMERS BANK 4.050 08/ 13/ 27 02/ 17/2026 5,063.28 062119BK7 BANK FIVE 4.650 03/ 20/28 02/ 20/2026 979.43
3130AL7M0 FHLBANKS 0.625 02/ 24/ 26 '25 02/ 24/ 2026 6,250.00 3130AQW66 FHLBANKS 2.080 02/25/27 '25 02/25/2026 10,400.00 FEB 2026 TOTAL 160,683.32
3130A07B0 FHLBANKS 4.000 09/ 01/ 28 03/ 02/ 2026 25,300.00 91282CHX2 US TREASURY 4.375 08/31/ 28 03/02/2026 43,750.00 910286GB3 UNITED FIDELITY 5.000 03/ 30/26 03/02/2026 985.21 91282CGQ8 US TREASURY 4.000 02/ 28/ 30 03/ 02/ 2026 40,000.00 Projected Cash Flows
For the Period October 01, 2025 to September 30, 2026

5.5.b
Packet Pg. 51
Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
28 CUSIP DESCRIPTION POST DATE AMOUNT
91282CFJ5 US TREASURY 3.125 08/ 31/ 29 03/ 02/ 2026 23,437.50 91282CCW9 US TREASURY 0.750 08/31/ 26 03/02/2026 3,750.00 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/26 03/03/2026 970.26 90355GHQ2 UBS USA 5.000 11/ 08/ 28 03/ 09/2026 951.23
949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 03/09/2026 960.75 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 03/ 16/ 2026 875.13 062119BK7 BANK FIVE 4.650 03/ 20/28 03/ 20/2026 884.65
89236TKJ3 TOYOTA MOTOR CRD 4.550 09/20/27 MTN 03/20/2026 22,750.00 2546732U9 CAPITL ONE NA 5.000 03/21/ 28 03/23/2026 6,149.04 02589AEN8 AM EX BK 5.000 03/ 23/ 26 03/ 23/ 2026 6,149.04 02007GM42 ALLY BANK 5.050 03/ 23/26 03/23/2026 39.22
02589AEN8 AM EX BK 5.000 03/23/ 26 03/23/2026 39.19
02007GM42 ALLY BANK 5.050 03/ 23/ 26 03/ 23/ 2026 6,210.53 910286GB3 UNITED FIDELITY 5.000 03/ 30/26 03/30/2026 1,019.18 91282CFL0 US TREASURY 3.875 09/30/29 03/31/ 2026 31,000.00 91282CCZ2 US TREASURY 0.875 09/30/26 03/ 31/ 2026 4,375.00 91282CMU2 US TREASURY 4.000 03/ 31/ 30 03/31/ 2026 40,000.00 91282CJA0 US TREASURY 4.625 09/30/28 03/31/ 2026 92,500.00 MAR 2026 TOTAL 352,095.92
3130AUSN5 FHLBANKS 3.500 10/ 01/ 27 04/01/ 2026 35,000.00 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/26 04/03/2026 1,074.21 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 04/ 07/2026 1,063.68 90355GHQ2 UBS USA 5.000 11/ 08/28 04/08/2026 1,053.15
12547CAX6 CIBC BANK 4.450 04/ 13/ 28 04/ 14/ 2026 5,502.88 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 04/ 15/ 2026 968.90 459058LN1 IBRD 3.875 10/ 16/ 29 MTN 04/ 16/ 2026 29,062.50 062119BK7 BANK FIVE 4.650 03/ 20/28 04/20/2026 979.43
06051GGA1 BOFAML 3.248 10/ 21/ 27 '26 MTN 04/ 21/ 2026 16,240.00 Projected Cash Flows
For the Period October 01, 2025 to September 30, 2026

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Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
29 CUSIP DESCRIPTION POST DATE AMOUNT
3133EN7A2 FED FARM CR BNKS 3.625 10/ 26/ 26 04/ 27/2026 36,250.00 931142FN8 WALMART 4.350 04/ 28/30 '30 04/ 28/2026 32,625.00 91282CFU0 US TREASURY 4.125 10/ 31/ 27 04/30/2026 41,250.00 91282CDG3 US TREASURY 1.125 10/ 31/ 26 04/ 30/2026 11,250.00 91282CLR0 US TREASURY 4.125 10/ 31/ 29 04/30/2026 33,000.00 3133ERDH1 FED FARM CR BNKS 4.750 04/30/29 04/30/2026 47,500.00 APR 2026 TOTAL 292,819.76
108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/26 05/04/2026 1,039.56 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 05/07/2026 1,029.37 90355GHQ2 UBS USA 5.000 11/ 08/ 28 05/ 08/ 2026 1,019.18 61768EE82 MORGAN PVT BNK 5.050 11/ 08/ 28 05/08/2026 6,210.53 037833EZ9 APPLE 4.200 05/12/ 30 '30 05/ 12/ 2026 31,500.00 3133EPC45 FED FARM CR BNKS 4.625 11/ 13/ 28 05/ 13/ 2026 46,250.00 912828R36 US TREASURY 1.625 05/ 15/ 26 05/15/ 2026 16,137.95 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 05/15/ 2026 937.64 912828X88 US TREASURY 2.375 05/ 15/ 27 05/ 15/ 2026 23,750.00 9128283F5 US TREASURY 2.250 11/ 15/ 27 05/15/ 2026 22,500.00 912828R36 US TREASURY 1.625 05/ 15/ 26 05/15/ 2026 16,250.00 912828U24 US TREASURY 2.000 11/ 15/ 26 05/ 15/ 2026 20,000.00 3130AXU63 FHLBANKS 4.625 11/ 17/26 05/ 18/ 2026 23,125.00 857477AW3 STATE STREET 2.650 05/19/ 26 05/ 19/ 2026 14,785.71 857477AW3 STATE STREET 2.650 05/ 19/ 26 05/ 19/ 2026 19,875.00 062119BK7 BANK FIVE 4.650 03/ 20/28 05/20/2026 947.84
MAY 2026 TOTAL 245,357.78
91282CFY2 US TREASURY 3.875 11/ 30/ 29 06/ 01/ 2026 38,750.00 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/26 06/03/2026 1,074.21 023135BS4 AMAZON.COM 1.500 06/03/30 '30 06/03/2026 11,250.00 90355GHQ2 UBS USA 5.000 11/ 08/ 28 06/ 08/ 2026 1,053.15 Projected Cash Flows
For the Period October 01, 2025 to September 30, 2026

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Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
30 CUSIP DESCRIPTION POST DATE AMOUNT
949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 06/ 08/ 2026 1,063.68 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 06/15/ 2026 968.90 062119BK7 BANK FIVE 4.650 03/ 20/28 06/22/2026 979.43
91282CJR3 US TREASURY 3.750 12/ 31/ 28 06/ 30/2026 21,562.50 JUN 2026 TOTAL 76,701. 88
108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/26 07/03/2026 1,039.56 592179KF1 METLIFE GBL FDG 5.050 01/ 06/ 28 MTN 07/06/ 2026 29,239.50 949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 07/ 07/ 2026 1,029.37 90355GHQ2 UBS USA 5.000 11/ 08/28 07/08/2026 1,019.18
32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 07/15/ 2026 937.64 062119BK7 BANK FIVE 4.650 03/ 20/28 07/20/2026 947.84
45818WFN1 IDB 4.850 07/19/ 27 MTN 07/20/2026 48,500.00
91282CJW2 US TREASURY 4.000 01/ 31/ 29 07/31/ 2026 24,000.00 91282CLC3 US TREASURY 4.000 07/31/ 29 07/31/ 2026 30,000.00 JUL 2026 TOTAL 136,713.09
108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/ 26 08/ 03/ 2026 1,074.21 880591FE7 TVA 3.875 08/01/ 30 08/03/2026 31,968.75
949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 08/07/2026 1,063.68 90355GHQ2 UBS USA 5.000 11/ 08/ 28 08/ 10/ 2026 1,053.15 795451AK9 SALLIE MAE BNK 1.100 08/ 11/ 26 08/11/ 2026 1,352.79 857894Q77 STEARNS BANK 4.050 08/ 14/ 28 08/ 13/ 2026 4,980.72 23204HQA9 CUSTOMERS BANK 4.050 08/ 13/ 27 08/ 14/ 2026 4,980.72 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 08/ 17/2026 968.90 062119BK7 BANK FIVE 4.650 03/ 20/28 08/20/2026 979.43
3130AQW66 FHLBANKS 2.080 02/ 25/ 27 '25 08/ 25/ 2026 10,400.00 91282CCW9 US TREASURY 0.750 08/31/ 26 08/31/ 2026 403.30 91282CGQ8 US TREASURY 4.000 02/28/30 08/31/ 2026 40,000.00 91282CFJ5 US TREASURY 3.125 08/ 31/ 29 08/ 31/ 2026 23,437.50 Projected Cash Flows
For the Period October 01, 2025 to September 30, 2026

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Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September CITY OF SAN RAMON | SEPTEMBER 30, 2025
31 CUSIP DESCRIPTION POST DATE AMOUNT
91282CCW9 US TREASURY 0.750 08/ 31/ 26 08/ 31/ 2026 3,750.00 91282CHX2 US TREASURY 4.375 08/31/ 28 08/31/ 2026 43,750.00 AUG 2026 TOTAL 170,163.16
3130A07B0 FHLBANKS 4.000 09/ 01/ 28 09/ 01/ 2026 25,300.00 108622PJ4 BRIDGEWATER BANK 5.100 11/ 03/26 09/03/2026 1,074.21 90355GHQ2 UBS USA 5.000 11/ 08/28 09/08/2026 1,053.15
949764HK3 WELLS FARGO BANK 5.050 11/ 07/28 09/08/ 2026 1,063.68 32114VCH8 FIRST BK MCH 4.600 03/ 15/ 28 09/15/ 2026 968.90 062119BK7 BANK FIVE 4.650 03/ 20/28 09/21/ 2026 979.43
89236TKJ3 TOYOTA MOTOR CRD 4.550 09/ 20/ 27 MTN 09/ 21/ 2026 22,750.00 2546732U9 CAPITL ONE NA 5.000 03/21/ 28 09/ 22/ 2026 6,250.96 91282CFL0 US TREASURY 3.875 09/30/29 09/30/2026 31,000.00 91282CCZ2 US TREASURY 0.875 09/30/26 09/ 30/ 2026 4,375.00 91282CMU2 US TREASURY 4.000 03/ 31/ 30 09/30/2026 40,000.00 91282CJA0 US TREASURY 4.625 09/30/28 09/30/2026 92,500.00 SEP 2026 TOTAL 227,315.33
GRAND TOTAL 2,383,646.91
Projected Cash Flows
For the Period October 01, 2025 to September 30, 2026

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Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September Meeder provides monthly statements for its investment management clients to provide information about the investment portfolio. The information should not be used for audit or confirmation purposes. Please review your custodial statements and report any inaccuracies or discrepancies.

Certain information and data has been supplied by unaffiliated third parties. Although Meeder believes the information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may reflect prices received from pricing vendors when current market quotations are not available. Prices may not reflect firm bids or offers and may differ from the value at which the security can be sold.

Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts or the accuracy of the data reported.

Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are subject to credit and interest rate risk. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Investment advisory services provided by Meeder Public Funds, Inc. Please contact us if you would like to receive a copy of our current ADV disclosure brochure or privacy policy. 2024 Meeder Investment Management
meederpublicfunds. com | 866.633.3371
Disclosure

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Attachment: B: Investment Portfolio Information for City of San Ramon for the Month Ending September City of San Ramon
Investment Report - Supplementary InformationInvestments Held by Trustees at September 30, 2025 Maturity
Description CUSIP Rate Date Cost Market Issue
AMBAC Assurance 1.00 1.00 06(A) TA
Computershare Money Market 0.74 0.74 2010 POB
Computershare Money Market 3,629,169.13 3,629,168.13 2010 POB Computershare Money Market 1,075.72 1,075.72 2010 POB
Computershare Money Market 167.54 167.54 2010 POB
Computershare Money Market 246,564.42 246,564.42 2010 POB Computershare Money Market 496.24 496.24 2010 POB
Dreyfus Govt Cash Mgmt X9USDYRUT 3.96% n/a 145,688.06 145,688.06 2019 COP Dreyfus Govt Cash Mgmt X9USDYRUT 3.96% n/a 415.91 415.91 2019 COP $ 4,023,577.76 4,023,578.76 $

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Attachment: C: Investments Held by Trustees at Sep 30, 2025 (4827 : Quarterly Investment Report)

INVESTMENT TERMINOLOGY
Basis Points – A standard measure for interest rates that represents one-hundredth of one percent. As an example, the difference between a security yielding 2.00% and 2.25% is 25 basis points.

Book Value – The price paid for the financial instrument as recorded on the balance sheet. Book value never changes as long as the instrument is owned.

Call Date – The day on which the issuer has the right to redeem a callable bond at par, or at a small premium to par, prior to the stated maturity date.

Carrying Value – The original cost of an asset, less the accumulated amount of any depreciation or amortization, less the accumulated amount of any asset impairments.

Certificate of Deposit (CD’s) – A debt instrument issued by financial institutions that will pay interest, periodically or at maturity, and principal when it reaches maturity. Maturities range from a few weeks to several years.

Commercial Paper – An unsecured short term promissory note issued by corporations, with maturities typically ranging from 1 to 270 days, and usually transacts at a discount with no coupon payments.

Corporate Notes – A type of debt security issued by a corporation and sold to investors.

Federal Agency Securities – Securities issued by corporations and agencies created by the US government, such as the Federal Home Loan Bank Board and Ginnie Mae.

Liquidity – The amount of a portfolio or an asset that can be converted easily and quickly into cash. Cash is the most liquid asset, followed by cash equivalents, such as money market funds.

Market Value – Also known as fair value. Market value is the price that buyers and sellers of a financial instrument would agree upon if the instrument was sold in the market today.

Maturity – The date on which payment of a financial obligation is due. The final stated maturity is the date on which the issuer must retire a bond and pay the face value to the bondholder.

Par Value – Value of the instrument at the time of issuance, also known as face value (when financial instruments were printed on paper, it was the value printed on the face of the paper document).

Safety – Also known as Margin of Safety. Margin of safety is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value.

Supranational – A supranational entity is formed by two or more central governments with the purpose of promoting economic development for the member countries. Supranational institutions finance their activities by issuing debt, such as supranational bonds. The three U.S.

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Attachment: D: Investment Terminology (4827 : Quarterly Investment Report) based supranationals are International Bank for Reconstruction and Development, the International Finance Corporation, and the Inter-American Development Bank.

Treasury Securities – Government bonds from the United States Treasury Department.

Examples include U.S. Treasury Bills, U.S. Treasury Notes, and U.S. Treasury Bonds.

Weighted Average Days to Maturity – The average length of time until all the investments in the portfolio will mature.

Weighted Average Yield to Maturity – The average return anticipated on the investment instruments as a whole if all are held to maturity.

Yield – The current rate of return on an investment security, generally expressed as a percentage of the security's current price. Examples of yield include interest rate earned and dividend rate received from holding a particular security.

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Attachment: D: Investment Terminology (4827 : Quarterly Investment Report)