City Council Finance Committee
August 5, 2026

Robert Jweinat, Chair
Mark Armstrong, Vice Chair
City of San Ramon
Finance Committee
Agenda
San Ramon City Hall
Training Room, First Floor
7000 Bollinger Canyon Road
August 5, 2026
4:00 PM
Regular Meeting
Agenda Questions: Please contact the City Clerk's Office at (925) 973-2539 or [email protected].

Please refer to the end of the agenda to review options for participation in the meeting.

This agenda is posted in accordance with Government Code Section 54954.2(a).

1. Call to Order/Roll Call

2. Public Comment
Members of the public are welcome to address the Committee during Public Comment on any item not on this agenda that is within the Committee’s authority. Please direct all comments to the Committee, not to City staff or the public. Each speaker will have up to 3 minutes to speak. Speaking time may not be transferred to another person.

State law does not allow the Committee to take action on items that are not listed on the agenda.

3. Approval of Minutes

3.1. Finance Committee Regular Meeting - June 3, 2026
Recommendation: Approve Minutes

4. New Business

4.1. PARS Pension Stabilization Trust Statements for the Quarter Ended June 30, 2026 Recommendation: The Finance Committee is asked to review and accept the PARS Pension Stabilization Trust Statements for the quarter ended June 30, 2026.

Staff Report by Jennifer Wakeman, Finance Director

4.2. FY26 Budget to Actual Analysis: Fiscal Year 2026 Through Quarter 4, Unaudited Recommendation: The Finance Committee's role is to review the budget-to-actual analyses covering the 12-month period ending June 30, 2026 (FY26) and provide feedback on the content of the information provided.

Staff Report by Yuliya Elbo, Budget Manager

Finance Committee Meeting
August 5, 2026

4.3. City of San Ramon Quarterly Investment Report (Period Ending June 30, 2026) Recommendation: Receive Report
Staff Report by Michelle Joe, Finance Analyst

5. Adjournment

Finance Committee Meeting
August 5, 2026
How to View or Participate in the Meeting
The public is invited to participate in the meeting using any of the following methods:

Public Comment
Members of the public may provide comments in person during the meeting. If you wish to speak, please complete a request to speak card available in the back of the meeting room and submit it to staff before the public comment period begins.

Written comments may be submitted by email to [email protected], indicating “Public Comment” and the corresponding “Agenda Item #” in the subject line. Written comments received up to two hours before the meeting will be provided to the Committee and posted online in advance of the meeting at https://sanramonca.portal.civicclerk.com under the meeting date. Comments received after the cutoff will be provided to the Committee the following day and posted online as noted above. Written comments will not be read aloud.

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 or watching.

At the discretion of the 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;
d. Specific threats or “fighting words” that incite violence; or e. 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.

Finance Committee Regular Meeting – June 3, 2026
1 Minutes of the
City of San Ramon
Finance Committee Regular Meeting
June 3, 2026

1. Call to Order/Roll Call
The meeting was called to order at 4:00 PM.

Present:

Councilmember Robert Jweinat
Mayor Mark Armstrong
Also in attendance: Assistant City Manager Scott Koll, Finance Director Jennifer Wakeman, Budget Manager Yuliya Elbo, Accounting Specialist Nicki MacPherson, Maze and Associates' Audit Partner Vikki Rodriguez-Valerga.

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 3 minutes. No Committee action can be taken at this meeting on issues raised during Public Comment.

Public comment was received from Elena Formosa.

3. Approval of Minutes

3.1. Finance Committee Regular Meeting - April 1, 2026.

Recommendation: Approve Minutes
Motion by Chair Jweinat, second by Vice Chair Armstrong to approve the minutes. Motion passed.

3.2. Finance Committee Special Meeting - April 29, 2026.

Recommendation: Approve Minutes
Motion by Chair Jweinat, second by Vice Chair Armstrong to approve the minutes. Motion passed.

4. Unfinished Business

5. New Business

5.1. Required Communications for the FY26 Annual Comprehensive Financial Report

Finance Committee Regular Meeting – June 3, 2026
2 Recommendation: It is the Finance Committee’s role to receive and accept the Statement of Auditing Standards (SAS) communications for the FY26 Annual Comprehensive Financial Report.

Public comment was received by Elena Formosa.

Chair Jweinat and Vice Chair Armstrong accepted the report.

6. Committee Member Comments
Committee members expressed appreciation for the information presented.

Public comment was received by Elena Formosa.

7. Adjournment
The meeting adjourned at 4:43 PM.

Finance Committee Staff Report
Item No. 4.1.

Date: August 5, 2026
To: San Ramon Finance Committee
From: Jennifer Wakeman, Department Director
Subject: PARS Pension Stabilization Trust Statements for the Quarter Ended June 30, 2026
Executive Summary:

The PARS Pension Stabilization Trust was established as a tool for the City to pre-fund pension obligations and to smooth employer contributions across the years. Every month account statements are produced and these are summarized on a quarterly basis for presentation to the Finance Committee.

Recommendation:

The Finance Committee is asked to review and accept the PARS Pension Stabilization Trust Statements for the quarter ended June 30, 2026.

Background:

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 pre-fund 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 April 1, 2026, the PARS Trust had a balance of $1,926,619. During this quarter, there were investment gains of $12,514 and expenses of $1,207, which left an ending balance of $1,937,926 at June 30, 2026.

Fiscal Impact:

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

Alternative Option(s):

Provide feedback for a different report format or an alternative administration of the PARS Pension Stabilization Trust.

Next Steps:

Implement feedback received from the Finance Committee.

Attachment(s):

A. Pars Stmt - Apr 2026
B. Pars Stmt - May 2026
C. Pars Stmt - June 2026

CITY OF SAN RAMON
PARS Post-Employment Benefits Trust 4/1/2026 to 4/30/2026 Steven Spedowfski
City Manager
City of San Ramon
7000 Bollinger Canyon Rd.

San Ramon, CA 94583
Account Summary
Source 4/1/2026 Contributions Earnings Expenses Distributions Transfers 4/30/2026 PENSION 1002 $1,926,618.56 $0.00 $5,649.57 $401.38 $0.00 $0.00 $1,931,866.75 Totals $1,926,618.56 $0.00 $5,649.57 $401.38 $0.00 $0.00 $1,931,866.75 Investment Selection
Source

PENSION
Investment Objective
Source

PENSION
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years PENSION 0.29% 0.78% 3.55% 6.35% 2.30% - 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

ATTACHMENT A

CITY OF SAN RAMON
PARS Post-Employment Benefits Trust 5/1/2026 to 5/31/2026 Steven Spedowfski
City Manager
City of San Ramon
7000 Bollinger Canyon Rd.

San Ramon, CA 94583
Account Summary
Source 5/1/2026 Contributions Earnings Expenses Distributions Transfers 5/31/2026 PENSION 1002 $1,931,866.75 $0.00 $5,227.33 $402.47 $0.00 $0.00 $1,936,691.61 Totals $1,931,866.75 $0.00 $5,227.33 $402.47 $0.00 $0.00 $1,936,691.61 Investment Selection
Source

PENSION
Investment Objective
Source

PENSION
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years PENSION 0.27% 0.79% 3.47% 6.72% 2.20% - 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

ATTACHMENT B

CITY OF SAN RAMON
PARS Post-Employment Benefits Trust 6/1/2026 to 6/30/2026 Steven Spedowfski
City Manager
City of San Ramon
7000 Bollinger Canyon Rd.

San Ramon, CA 94583
Account Summary
Source 6/1/2026 Contributions Earnings Expenses Distributions Transfers 6/30/2026 PENSION 1002 $1,936,691.61 $0.00 $1,637.68 $403.48 $0.00 $0.00 $1,937,925.81 Totals $1,936,691.61 $0.00 $1,637.68 $403.48 $0.00 $0.00 $1,937,925.81 Investment Selection
Source

PENSION
Investment Objective
Source

PENSION
Investment Return
Source 1-Month 3-Months 1-Year 3-Years 5-Years 10-Years PENSION 0.08% 0.64% 3.23% 5.66% 1.99% - 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

ATTACHMENT C

Finance Committee Staff Report
Item No. 4.2.

Date: August 5, 2026
To: San Ramon Finance Committee
From: Jennifer Wakeman, Department Director
Yuliya Elbo, Budget Program Manager
Subject: FY26 Budget to Actual Analysis: Fiscal Year 2026 Through Quarter 4, Unaudited Executive Summary:

After an extended period of time during which budget-to-actual analyses were not regularly provided to City officials, the Finance Department under its new leadership, revitalized this practice beginning with the second quarter of Fiscal Year 2026. The reinstatement of these regular financial analyses supports City officials in fulfilling their fiduciary responsibilities, strengthens ongoing monitoring of the City’s financial position, and promotes informed decision-making and responsible fiscal oversight.

Recommendation:

The Finance Committee's role is to review the budget-to-actual analyses covering the 12- month period ending June 30, 2026 (FY26) and provide feedback on the content of the information provided.

Background:

Aligned with the goal of establishing the Finance Department as the City's single source of accountability and communication for all budgetary and accounting matters, the Department has been evaluating and enhancing the way financial information is shared. By providing financial information in a clear, user-friendly format, the Department aims to increase transparency, support informed decision-making by City officials, and provide constituents with greater visibility into the City's financial operations and stewardship of public resources.

Budget-to-actual analysis is one of the key governance tools. It helps ensure compliance with adopted budgets, policies, and funding restrictions, while enabling management to monitor spending trends, identify variances early, and take corrective action as needed. It also strengthens transparency, accountability, and alignment with approved financial plans.

After an extended period during which regular communication on financial matters were absent, the Finance Department presented its first budget-to-actual report to the Finance Committee on February 18, 2026, covering the results of the first six months of FY26, ending December 31, 2025. As we continue to explore ways of providing the most useful information, the report presented today covers the whole 12-month period of FY26 and incorporates feedback provided to staff during February and April Finance Committee meetings. It is staff's intent to present these reports for the fiscal year quarter most recently completed.

Please note, while this report covers the data for the whole fiscal year, numbers are not yet final and are unaudited. Reports produced for the first three quarters reflect the City's financials on a cash basis, meaning that numbers do not reflect late billings nor the late remittance of revenues. However, since the fourth quarter marks the end of the fiscal year, additional work is conducted after June 30, 2026 to record transactions on a modified accrual basis. As a result, the City continues to process vendor payments through midAugust, and some revenues for FY26 are still not allocated to the City at the time of report preparation. More details on the revenue and expense analyses are provided in the sections below.

Revenue Analyses - Unaudited
Most general revenue sources are performing as expected. • Property tax revenue follows the Contra Costa County distribution schedule, and the City has now received all FY26 allocations – resulting in revenue exceeding the budget by $500K, or 2%.
• The property transfer tax also came in over budget by about $50K, or 7.3%, confirming that San Ramon continues to attract families as a desirable place to live due to its high-quality municipal services, strong public safety records, desirable schools, and overall convenient location within the Bay Area. • Amounts shown for both sales tax components – Bradley-Burns and Measure N (1% Transaction and Use tax) — only represent 10 months of the revenue allocated to the City. The City’s staff met with our sales tax consultant (HdL) on July 21, 2026, to review the Quarter 1 2026 (January - March 2026) sales tax results. Sales tax is one of the most volatile municipal revenue sources, heavily affected by the health of the economy and consumer behavior. Bradley-Burns: Overall, San Ramon’s sales tax revenue collections for Q1 2026 are lower than the comparable time frame of calendar year 2025 by about 15.7%. This is mainly due to a one-time correction to the sales revenue allocated to the City a year ago. Despite this, FY26 spending on taxable goods and services is projected to finish approximately $480K (3%) above budget, with modest growth expected in the coming year. Overall, the sales tax revenues are slightly stronger due to e-commerce activity — as customers continue to prioritize the convenience of online and mobile purchasing, and stronger-thanexpected first-quarter 2026 remittances from fuel sales — driven by elevated fuel prices. However, the sales tax growth is expected to soften because of continued declining sales of building and construction materials following the expiration of the

30% federal solar investment tax credit, which temporarily boosted activity among material suppliers and electrical contractors. Measure N: Revenue is now projected to exceed the FY26 budget by roughly $300K. As the City continues to collect more data on the behavior and trends of Measure N revenue, the future years’ prognosis will have a stronger historical basis.
• Dougherty Valley County Service Area assessments are allocated to the City on a different schedule from property tax. The county allocates 80% of the fiscal year assessment during the current fiscal year, and allocates the remaining 20% with the first payment of the following fiscal year. At the beginning of FY26, the City received the remaining allocation for FY25 of $4.4M and the first allocation for FY26 of $7.6M - a total of $12.1M. The remaining allocation for FY26 is usually paid at the end of August / beginning of September and the amount is estimated at $11.7M. This will result in actuals exceeding budget by $0.5M or 2.3%.
• As previously reported on February 18, 2026, garbage franchise fee revenue is projected to fall short of budget due to the new agreement with Alameda County Industries (effective November 25, 2025), which implemented a revised feecalculation methodology. At the time of report preparation, the City had already received all allocations of the Garbage Franchise fee, which came in almost $1M below the original budget. At the same time, some other franchise fees are still not fully collected. Cable franchise fees only reflect 9 months of revenues – these fees are paid by the providers quarterly. These fees will most likely come in slightly below budget, by about $70K (8.9%). Utility franchise fees only represent 6 months of revenue, being allocated semi-yearly. Utility franchise fees, however, are expected to come above budget by about $850K (40%), reflecting increased electric and gas rates. On the other hand, the increase in gas and electric rates resulted in higher expenditures in related categories for the City – see below analysis of the expenditures.

Most departmental charges for services are performing on target. Several revenue categories, however, are outperforming expectations, including:
• Business tax collections—boosted by HdL’s recovery efforts—projected to exceed the budget by about $730K (157%).
• Building, electric, and other construction-related permits – projected to exceed the budget by about $1.3M (43%)
• Electric vehicle charging station revenue—projected at $31K (1,763%) more than the budget year-to-date.
• Investment Interest Income – 11 months of the recognized revenue demonstrated better than budgeted results by about $600K. This amount is adjusted for the FY24 and FY25 corrections of $350K processed in FY26.
• During the FY25 audit, staff identified that the FY24 year-end accrual for interest earned but not yet received was not reversed in FY25, which overstated FY25 investment income. The required correction processed in FY26 resulted in a temporary negative balance in Investment Interest when the end of Q3 FY26 report

was presented.

Expenditure Analyses - Unaudited
Overall, expenditures are in line with the budget. Personnel costs, representing at the time of the report run, all but 17 calendar days of expenditure, are tracking as expected with an average of about 6.5% savings across all departments.

Because the City follows the modified accrual basis of accounting, most non-personnel expenditures do not yet reflect a full 12 months of activity. Invoices for goods and services are typically paid 30–60 days after receipt of the goods or completion of the service. In addition, some costs do not occur evenly throughout the year. Training and development expenses arise when employees attend conferences or courses, and consulting services are billed as work is completed rather than in equal monthly increments.

The departmental analyses are provided below:
• City Administration – non-personnel costs are showing savings of about $800K due to lower than budgeted legal costs.
• Human Resources – personnel costs are at about 87% of budget due to some positions being budgeted for the whole year but filled at a later time, including a 5- month vacancy of the Department Director position and further re-structuring of the department’s staffing that did not take place until mid-year. • Finance – personnel costs are at about 88% of budget due to some long-term staff absences. These savings, however, are offset by the higher cost of professional services to augment for personnel shortages.
• Community Development – personnel costs are at about 88% of budget due to restructuring within the department that occurred during the year. The department is now at fully staffed levels and personnel costs are expected to align more closely with the budget going forward. The highest level of savings is reflected in professional services budget, which is to be expected given the department's fully staffed level.
• Police Services – the non-overtime personnel costs are within the expected level.

Overtime costs are projected to exceed budget by about 46% and will be analyzed in advance of the Mid-Year FY27 Budget to determine whether adjustments are needed in this category.
• Public Works – both personnel and non-personnel costs are within expected levels.

Analyses of the utility costs provide the following: with one bill still outstanding for electric, gas and water services for FY26, the actual expenses already match the full year of expenses for FY25. While these costs are expected to be within budget for utility services in FY26, the analyses demonstrate the undeniably rising costs of these services.
• Parks and Community Services — both personnel and non-personnel costs are within expected levels.

End of Year Adjustments for Prior Years
This section is for informational purposes only.

Finance staff is preparing to close FY26 (ended June 30, 2026) and is in the process of reconciling accounting records. A staff report is being prepared for the upcoming August 11th City Council meeting that seeks approval for a few budget and accounting adjustments to clean-up financial transactions and future processes. If approved, the requested adjustments will result in a decrease in the fund balances of Fund 513-COP 2019 of approximately $150K and Fund 501-POB 2010 of $1.05M, while increasing the fund balance in the General Fund by approximately $1.2M.

Conclusion
Both the General Fund and the Dougherty Valley CSA fund – the City’s two major operating funds – are demonstrating strong adherence to the budget.

Fiscal Impact:

Committee's recommendations and feedback may have an impact on the unaudited financial results of FY26.

Alternative Option(s):

Staff is looking for recommendations on potential report improvements to further support City Council in making informed financial decisions.

Next Steps:

Staff will continue to revise this report and attachments to improve financial planning and transparency.

Attachment(s):

A. FY 2026 - Budget to Actuals: July 2025 - June 2026 - UNAUDITED

ATTACHMENT A
FY 2026 Revised
Budget*
Actual
Jul-25 - Jun-26,
Unaudited
Actual Over/(Under)
Revised Budget
% of Budget
Realised

REVENUE
Property Tax 26,311,354 $ 26,829,531 $ 518,177 $ 101.97% Sales and Use Tax 13,179,800 11,185,862 (1,993,938) $ 84.87% Measure N 14,841,584 13,154,491 (1,687,093) $ 88.63%Property Transfer Tax 638,282 684,950 46,668 $ 107.31%Transient Occupancy Taxes (TOT) 2,441,856 2,527,959 86,103 $ 103.53%Franchise Fees 6,244,990 4,833,612 (1,411,378) $ 77.40%Licenses and Permits 3,621,223 5,749,712 2,128,489 $ 158.78%Intergovernmental 2,326,496 1,779,784 (546,712) $ 76.50%Charges for Services 6,848,087 7,863,673 1,015,586 $ 114.83%Fines and Forfeitures 200,000 148,462 (51,538) $ 74.23%Investment Income 418,005 556,554 138,549 $ 133.15%Miscellaneous Revenue 3,907,227 3,854,258 (52,969) $ 98.64% TOTAL REVENUES 80,978,904 $ 79,168,848 $ (1,810,056) $ 97.76%

EXPENDITURES
City Administration - TOTAL 8,043,068 $ 7,082,995 $ (960,073) $ 88.06% Personnel *** 5,278,853 $ 5,172,948 $ (105,905) $ 97.99%Non-Personnel 2,764,215 $ 1,910,047 $ (854,168) $ 69.10% Human Resources - TOTAL 1,681,106 $ 1,376,966 $ (304,140) $ 81.91% Personnel *** 1,273,245 $ 1,107,060 $ (166,185) $ 86.95%Non-Personnel 407,861 $ 269,906 $ (137,955) $ 66.18% Finance * - TOTAL 2,412,381 2,193,755 (218,626) $ 90.94% Personnel *** 2,153,239 $ 1,896,076 $ (257,163) $ 88.06%Non-Personnel 259,142 $ 301,021 $ 41,879 $ 116.16%

GENERAL FUND

REVENUE - EXPENDITURE - FUND BALANCE

ATTACHMENT A
FY 2026 Revised
Budget*
Actual
Jul-25 - Jun-26,
Unaudited
Actual Over/(Under)
Revised Budget
% of Budget
Realised

GENERAL FUND

REVENUE - EXPENDITURE - FUND BALANCE
Community Development - TOTAL 6,622,082 5,721,720 (900,362) $ 86.40% Personnel *** 5,414,164 $ 4,760,699 $ (653,465) $ 87.93%Non-Personnel 1,207,918 $ 961,021 $ (246,898) $ 79.56% Police Services - TOTAL 23,098,947 23,041,172 (57,775) $ 99.75% Personnel *** 18,918,031 $ 18,938,157 $ 20,126 $ 100.11%Non-Personnel 4,180,916 $ 4,103,015 $ (77,901) $ 98.14% Public Works - TOTAL 19,940,877 18,492,331 (1,448,546) $ 92.74% Personnel *** 12,525,407 $ 11,737,752 $ (787,655) $ 93.71%Non-Personnel 7,415,470 $ 6,754,579 $ (660,891) $ 91.09% Parks & Community Services - TOTAL 10,284,904 10,000,732 (284,172) $ 97.24% Personnel *** 8,048,031 $ 7,980,988 $ (67,043) $ 99.17%Non-Personnel 2,236,873 $ 2,019,744 $ (217,129) $ 90.29% $ Total Expenditures 72,083,365 67,909,670 (4,173,695) 94.21% TOTAL EXPENDITURES 72,083,365 $ 67,909,670 $ 94.21%
OTHER FINANCING SOURCES (USES) ****
Operating Transfers In 1,765,525 $ 865 $
Operating Transfers Out (7,944,976) - $
TOTAL OTHER FINANCING SOURCES (USES) (6,179,451) $ 865 $

ATTACHMENT A
Description FY 2026 Revised
Budget*
Actual
Jul-25 - Jun-26,
Unaudited
Actual
Over/(Under)
Revised Budget
% of Budget
Used

REVENUE
CSA Special Assessment $ 23,225,582 $ 12,067,099 $ (11,158,483) 52.0% Miscellaneous Revenue ** 650 36,170 35,520 5564.7%
TOTAL REVENUES 23,226,232 12,103,270 (11,122,962) 52.1%

EXPENDITURES
Non-Departmental -
Police Services 12,484,580 11,987,136 (497,444) 96.0%
Personnel *** 10,160,430 9,867,694 (292,736) 97.1%
Non-Personnel 2,324,150 2,119,441 (204,709) 91.2%
Public Works 14,740,142 12,970,493 (1,769,649) 88.0%
Personnel *** 6,973,198 6,496,526 (476,672) 93.2%
Non-Personnel 7,766,944 6,473,967 (1,292,977) 83.4%
TOTAL EXPENDITURES $ 27,224,722 $ 24,957,629 $ (2,267,093) 91.7%

OTHER FINANCING SOURCES (USES)
Operating Transfers In 4,149,817
Operating Transfers Out (151,327) -
TOTAL OTHER FINANCING SOURCES (USES) $ 3,998,490 $ -
Over (Under) Expenditures -
** Include Interest, Electiric Vehicles charging stations revenue, Reimbursements from Risk management claims, and other charges for services *** Vacancy factor 4% FY 2025-26 is included in personnel costs

DOUGHERTY VALLEY FUND

REVENUE - EXPENDITURE - FUND BALANCE

Finance Committee Staff Report
Item No. 4.3.

Date: August 5, 2026
To: San Ramon Finance Committee
From: Jennifer Wakeman, Department Director
Elaine Huang, Accountant
Subject: City of San Ramon Quarterly Investment Report (Period Ending June 30, 2026) Executive Summary:

State law requires, and best practices for fiscal stewardship recommend, that the City Council review the City investment portfolio via an investment report at least quarterly.

The City contracts with Meeder Public Funds for investment advisory services with the Accounting Manager providing treasury and investment oversight. This report is reviewed preliminarily by the Finance Committee for recommendation to the City Council consent agenda.

Recommendation:

The Finance Committee is asked to review and accept the Quarterly Investment Report for the period ending June 30, 2026, and forward it to the City Council for review.

Background:

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 June 30, 2026, the Investments Held by Trustees, and the Summary of Cash and Investments are attached for your review.

The June 30, 2026 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 $5.0 million as of June 30, 2026. This account is used for the City’s daily operations.

Total funds managed by Meeder Public Funds equaled $109.5 million at book value as of June 30, 2026. The portfolio consists of $16.9 million in federal agency securities, $56.1 million in treasury securities, $3.5 million in supranationals, $24.9 million in corporate bonds, $2.7 million in negotiable CD’s, and $5.4 million in FDIC insured CD’s. The weighted average yield to maturity on investments is 3.89% and the weighted average days to maturity is 656 days, which is 154 days shorter than last quarter. The weighted average yield to maturity is 1 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 $3.0 million and makes up 2.34% of the portfolio as of June 30, 2026. The current rate is 3.54%. This account is available on a daily basis for immediate cash flow requirements.

The City of San Ramon has $15.7 million invested with the State Treasurer’s Office (Local Agency Investment Fund). The current interest rate is 3.81% and makes up 12.29% 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 $2.4 million. The 2019 Certificates of Participation (COP) investments managed by BNY Mellon total less than $1,000 and are available for designated capital projects. The remaining $2.4 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 Impact:

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

Alternative Option(s):

The Finance Committee can provide direction at any time to present this information in a different format or to include/exclude different information.

Next Steps:

The report will be presented to the City Council for review and acceptance at the August 11, 2026 City Council meeting.

Attachment(s):

A. Summary of Cash and Investments at June 30, 2026
B. Investment Portfolio Information for City of San Ramon for the Month Ending June 30, 2026
C. Investments Held by Trustees at June 30, 2026
D. Investment Terminology

Demand deposits held with JP Morgan Chase Bank $ 4,989,388 Investment Portfolio:

Investments held with US Bank (Meeder Public Funds) 109,485,942 Fidelity US Government Money Market Funds held with US Bank 2,984,030 Investments held with Local Agency Investment Fund (LAIF) 15,700,576 Total Investment Portfolio 128,170,548
Investments held with Trustee 2,388,237
Total Cash and Investments $ 135,548,173
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:

Elaine Huang, Accountant
Approved by:

Jennifer Wakeman, Finance Director
Summary of Cash and Investments
For the Period June 30, 2026

ATTACHMENT A

Investment
Report
City of San Ramon
As of June 30, 2026

ATTACHMENT B

2 OBSERVATIONS AND EXPECTATIONS
• The Fed delivers a hawkish tone at the June FOMC meeting • Headline CPI is at the highest level since 2023 primarily due to energy price increases
• U.S. economic growth looks strong for the second quarter of 2026 • Shorter-term interest rates increased in June with a Fed hike projected later this year
• At the end of February (prior to
the Iran conflict), the futures
market was pricing in
approximately 2.5 quarter point
cuts by December 2026.
• At the end of June, futures market
data were projecting the Fed to
hike later this year.
2 SOURCE: BLOOMBERG
-3
-2
-1
0 1
2 3
$50
$60
$70
$80
$90
$100
$110
$120
$130
Jan
Feb
Mar
Apr
May
Jun
Fed .25% Hikes/Cuts
Oil Per Barrel
Oil/Barrel Fed Cuts/Hikes
Price of Oil vs. Number of Fed Hike/Cuts Over the Next 12 Months

3 • Q1 2026’s GDP was recently revised up
from 1.6% to 2.1%.
• This growth surge was primarily driven
by lower imports and stronger business
investment, even though underlying
consumer spending was weak.
• Q2 2026 GDP is projected by
Bloomberg surveyed economists to be

2.5%.
• U.S. inflation data released in May,
accelerated to the fastest pace since 2023.
• A surge in energy prices accounted for most
of the recent advance.
• However, the recent decline in oil prices
should push inflation’s rate of change lower
for June.

SOURCE: BLOOMBERG,
SOURCE: BLOOMBERG
3 5.7%

7.0%

3.3%

7.0%
-1.0%

0.6%

2.9%

2.8%

2.9%

2.5%

4.7%

3.4%

0.8%

3.6%

3.3%

1.9%
-0.6%

3.8%

4.4%

0.5%

2.1%

2.5%

1.9%

2.0%
-3%
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
7%
8%
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
Q2 22
Q3 22
Q4 22
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q1 26
Q2 26
Q3 26
Q4 26
Real GDP QoQ
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
2020 2021 2022 2023 2024 2025 2026
U.S. Consumer Price Index
CPI YoY

4 SOURCES: BLOOMBERG
4 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
Percent
U.S. Treasury Yield Curve Change
6/30/26 5/29/26
14 22
18 12
8 3
0 (3)
(7) (8) -15
-10
-5
0 5
10 15
20 25
30 3M 6M 1Y 2Y 3Yr 5Y 7Y 10Y 20Y 30Y
Basis Points
Basis Point Change

CITY OF SAN RAMON | JUNE 30, 2026
5 Portfolio Summary 6
Portfolio Overview 7
Compliance Overview 8
Credit Quality 10
Position Statement 11
Amortization Schedule 16
Accrued Interest Schedule 19
Earnings by Fund 22
Transaction Statement 26
Income/Dividend Received 27
Contribution/Withdrawals and Expenses 28
Projected Cash Flows 29
Contents

6 Portfolio Summary
Par Value $128,785,606
Principal Cost $127,597,812
Book Value $128,170,548
Market Value $127,756,046
Unrealized Gain/Loss ($414,502)
Accrued Interest $855,453
Portfolio Position
Maturity Distribution Sector Allocation
• 1 U.S. Treasuries 43.67%
• 1 Corporate Bonds 19.37%
• 1 U.S. Agencies 13.19%
• 1 LGIP 12.29%
• 1 Commercial Paper 4.27%
• 1 Supranational 2.73%
• 1 Money Market Funds 2.34%
• 1 Negotiable CD's 2.14%

3.89 Weighted Average Yield to Maturity

1.80 Weighted Average Maturity (Years)

1.66 Portfolio Effective Duration (Years)

1.80 Weighted Average Life (Years)
AA
Average Credit Rating

CITY OF SAN RAMON
JUNE 30, 2026

CITY OF SAN RAMON | JUNE 30, 2026
7 Portfolio
Overview

SECURITY TYPE PAR VALUE MARKET VALUE BOOK VALUE
% OF

PORTFOLIO

DAYS TO

MATURITY YIELD
LGIP 15,700,576.11 15,700,576.11 15,700,576.11 12.29% 1 3.81 Money Market Funds 2,984,030.04 2,984,030.04 2,984,030.04 2.34% 1 3.54 Commercial Paper 5,500,000.00 5,454,103.55 5,454,103.55 4.27% 79 3.87 U.S. Treasuries 56,300,000.00 55,791,818.50 56,102,137.87 43.67% 870 3.70 U.S. Agencies 16,915,000.00 16,857,179.05 16,862,273.66 13.19% 546 4.04 Negotiable CD's 2,728,000.00 2,738,054.30 2,726,505.41 2.14% 589 4.41 Corporate Bonds 25,158,000.00 24,740,009.20 24,858,239.32 19.37% 868 4.18 Supranational 3,500,000.00 3,490,275.00 3,482,682.03 2.73% 733 4.54 TOTAL 128,785,606.15 127,756,045.75 128,170,548.00 100.00% 656 3.89

CASH AND ACCRUED INTEREST
Purchased Accrued Interest 41,181.97 41,181.97
TOTAL CASH AND INVESTMENTS 128,785,606.15 127,797,227.72 128,211,729.97 656 3.89

TOTAL EARNINGS

CURRENT MONTH

FISCAL YEAR TO
DATE
361,591.70 3,581,606.91

CITY OF SAN RAMON | JUNE 30, 2026
8 RULE NAME POLICY LIMIT ACTUAL VALUE COMPLIANCE STATUS

PORTFOLIO CONCENTRATION
CP Concentration 25.0 4.3 Compliant
California Muni Concentration 3.0 0.0 Compliant
Corporates Concentration 30.0 19.4 Compliant
Local Agencies of California Concentration 10.0 0.0 Compliant MMF Concentration 20.0 2.3 Compliant
Negotiable CD with FDIC Insurance Concentration 30.0 2.1 Compliant Supranational Concentration 30.0 2.7 Compliant
U.S. Agency Concentration 100.0 13.2 Compliant
U.S. Treasuries Concentration 100.0 43.8 Compliant

ISSUER CONCENTRATION
Agency Issuer Concentration 50.0 5.6 Compliant
CP Issuer Concentration 2.0 1.7 Compliant
California Muni Issuer Concentration 3.0 0.0 Compliant
Corporate Issuer Concentration 2.0 1.6 Compliant
Local Agencies of California Issuer Concentration 2.0 0.0 Compliant MMF Issuer Concentration 20.0 2.3 Compliant
Negotiable CD Issuer Concentration 2.0 0.2 Compliant
Supranational Issuer Concentration 5.0 1.6 Compliant

MATURITY
CP Maturity (Days) 270.0 155.0 Compliant
California Muni Maturity 5.0 0.0 Compliant
Corporates Maturity 5.0 3.9 Compliant
Local Agencies of California Maturity 5.0 0.0 Compliant Negotiable CD Maturity 5.0 2.4 Compliant
Supranational Maturity 5.0 3.3 Compliant
US Agency Obligation Maturity 5.0 4.1 Compliant
US Treasury Obligations Maturity 5.0 4.5 Compliant

CREDIT QUALITY
CP Rated A-1/P-1/F-1 by 2 NRSRO Compliant
California Muni Rated AA-/Aa3/AA- by 1 NRSRO Compliant
Corporates rated A-/A3/A- (< 4 years to Maturity) or AA-/Aa3/AA- (>4 Years to Maturity) by 2 NR Compliant
Local Agencies of California rated AA-/Aa2/AA- by 1 NRS Compliant MMF Rated AAA/Aaa/AAA by 2 NRSRO Compliant
Compliance Overview

CITY OF SAN RAMON | JUNE 30, 2026
9 RULE NAME POLICY LIMIT ACTUAL VALUE COMPLIANCE STATUS Negotiable CD rated AA by S&P or Aa2 Moody's Compliant
Supranational Rated AA/Aa2/AA by 2 NRSRO Compliant
Compliance Overview

10 Credit Quality
Allocation by Rating
Rating Distribution

MARKET VALUE ALLOCATION
AAA 2,984,030.04 2.34%
A-1+ 1,980,905.50 1.55%
A-1 5,454,103.55 4.27%
NA 15,700,576.11 12.29%
TOTAL 26,119,615.20 20.44%

SHORT TERM, MONEY MARKET FUNDS, & LGIPS RATINGS

MARKET VALUE ALLOCATION
AAA 3,490,275.00 2.73%
AA+ 73,642,967.05 57.64%
AA 4,837,460.00 3.79%
AA- 5,115,689.20 4.00%
A+ 5,402,065.00 4.23%
A 5,421,960.00 4.24%
A- 987,960.00 0.77%
NA 2,738,054.30 2.14%
TOTAL 101,636,430.55 79.56%
GRAND TOTAL 127,756,045.75 100.00%

LONG TERM RATINGS
Report reflects ratings issued by Standard & Poors
• 1 AAA 5.07%
• 1 AA+ 57.64%
• 1 AA 3.79%
• 1 AA- 4.00%
• 1 A+ 4.23%
• 1 A 4.24%
• 1 A- 0.77%
• 1 A-1+ 1.55%
• 1 A-1 4.27%
• 1 NA 14.43%
CITY OF SAN RAMON | JUNE 30, 2026

CITY OF SAN RAMON | JUNE 30, 2026
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

CITY OF SAN

RAMON, CA
LGIP
CALAIF California LAIF 06/30/2026
06/30/2026 15,700,576.11 15,700,576.110.00 15,700,576.11 3.81 1 1.0015,700,576.11

0.00 15,700,576.11 12.29 NA
LGIP TOTAL 15,700,576.11 15,700,576.11

0.00 15,700,576.11 3.81 1 1.0015,700,576.11

0.00 15,700,576.11 12.29 NA

MONEY MARKET
FUNDS
316175108 FIDELITY IMM:GOVT;I
06/30/2026
06/30/2026 2,984,030.04 2,984,030.040.00 2,984,030.04 3.54 1 1.002,984,030.04

0.00 2,984,030.04 2.34 AaaAAA

MONEY MARKET
FUNDS TOTAL 2,984,030.04 2,984,030.040.00 2,984,030.04 3.54 1 1.002,984,030.04

0.00 2,984,030.04 2.34 AAA

COMMERCIAL
PAPER
63873KG19
Natixis, New
York Branch 0.0
07/01/2026
01/02/2026
01/05/2026 1,250,000.00 1,227,137.500.00 1,227,137.50 3.79 07/01/2026 1 100.001,250,000.00

0.00 1,250,000.00 0.98 P-1A-1
22533UJ87 CREDIT AGRI NY
09/08/26
01/05/2026
01/05/2026 1,250,000.00 1,218,822.930.00 1,218,822.93 3.74 09/08/2026 70 99.301,241,255.21

0.00 1,241,255.21 0.97 P-1A-1
62479MK51 MUFG BANK NY
10/05/26
03/30/2026
03/30/2026 2,000,000.00 1,958,945.000.00 1,958,945.00 3.99 10/05/2026 97 98.961,979,146.67

0.00 1,979,146.67 1.55 P-1A-1
22533UM26 CREDIT AGRI NY
12/02/26
03/30/2026
03/30/2026 1,000,000.00 973,859.170.00 973,859.17 3.91 12/02/2026 155 98.37983,701.67

0.00 983,701.67 0.77 P-1A-1

COMMERCIAL
PAPER TOTAL 5,500,000.00 5,378,764.600.00 5,378,764.60 3.87 79 99.175,454,103.55

0.00 5,454,103.55 4.27 A-1
U.S. TREASURIES
91282CCW9 US TREASURY

0.750 08/31/26
08/31/2021
08/31/2021 1,000,000.00 997,798.420.00 997,798.42 0.80 08/31/2026 62 99.50995,000.00 (4,926.34)
999,926.34 0.78 Aa1AA+
91282CCZ2 US TREASURY

0.875 09/30/26
10/13/2021
10/13/2021 1,000,000.00 990,351.560.00 990,351.56 1.08 09/30/2026 92 99.27992,734.38 (6,780.64)
999,515.02 0.78 Aa1AA+
91282CDG3 US TREASURY

1.125 10/31/26
02/07/2022
02/07/2022 2,000,000.00 1,941,093.760.00 1,941,093.76 1.78 10/31/2026 123 99.081,981,640.62 (14,192.37)
1,995,832.99 1.55 Aa1AA+
912828U24 US TREASURY

2.000 11/15/26
03/14/2022
03/14/2022 2,000,000.00 2,003,593.760.00 2,003,593.76 1.96 11/15/2026 138 99.271,985,468.76 (14,820.05)
2,000,288.81 1.55 Aa1AA+
91282CJP7 US TREASURY

4.375 12/15/26
01/02/2026
01/05/2026 2,000,000.00 2,015,937.500.00 2,015,937.50 3.51 12/15/2026 168 100.232,004,609.38 (3,127.72)
2,007,737.10 1.57 Aa1AA+
91282CKE0 US TREASURY

4.250 03/15/27
05/18/2026
05/19/2026 2,000,000.00 2,007,421.8815,013.59 2,022,435.47 3.78 03/15/2027 258 100.162,003,281.26 (3,076.82)
2,006,358.08 1.57 Aa1AA+
912828X88 US TREASURY

2.375 05/15/27
02/07/2023
02/07/2023 2,000,000.00 1,882,421.880.00 1,882,421.88 3.88 05/15/2027 319 98.541,970,859.38 (5,116.06)
1,975,975.44 1.54 Aa1AA+
91282CLG4 US TREASURY

3.750 08/15/27
01/05/2026
01/06/2026 1,250,000.00 1,255,566.410.00 1,255,566.41 3.46 08/15/2027 411 99.571,244,677.74 (9,216.85)
1,253,894.59 0.97 Aa1AA+
Position Statement

CITY OF SAN RAMON | JUNE 30, 2026
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
91282CLL3 US TREASURY

3.375 09/15/27
05/18/2026
05/19/2026 2,000,000.00 1,984,921.8811,922.55 1,996,844.43 3.96 09/15/2027 442 99.091,981,796.88 (4,464.59)
1,986,261.47 1.55 Aa1AA+
91282CFU0 US TREASURY

4.125 10/31/27
02/23/2023
02/23/2023 2,000,000.00 1,992,109.380.00 1,992,109.38 4.22 10/31/2027 488 99.941,998,750.00 997.95
1,997,752.05 1.56 Aa1AA+
9128283F5 US TREASURY

2.250 11/15/27
07/07/2023
07/07/2023 2,000,000.00 1,823,750.000.00 1,823,750.00 4.50 11/15/2027 503 97.461,949,296.88 4,923.31
1,944,373.57 1.53 Aa1AA+
91282CMB4 US TREASURY

4.000 12/15/27
01/05/2026
01/06/2026 1,250,000.00 1,262,695.310.00 1,262,695.31 3.45 12/15/2027 533 99.771,247,070.31 (12,469.10)
1,259,539.41 0.98 Aa1AA+
9128283W8 US TREASURY

2.750 02/15/28
01/05/2026
01/06/2026 1,250,000.00 1,232,031.250.00 1,232,031.25 3.46 02/15/2028 595 97.781,222,265.63 (13,872.77)
1,236,138.39 0.96 Aa1AA+
91282CNH0 US TREASURY

3.875 06/15/28
01/05/2026
01/06/2026 1,250,000.00 1,261,425.780.00 1,261,425.78 3.48 06/15/2028 716 99.461,243,261.73 (15,907.11)
1,259,168.84 0.97 Aa1AA+
91282CHX2 US TREASURY

4.375 08/31/28
05/23/2024
05/23/2024 2,000,000.00 1,989,687.500.00 1,989,687.50 4.51 08/31/2028 793 100.422,008,437.50 13,673.46
1,994,764.04 1.57 Aa1AA+
91282CJA0 US TREASURY

4.625 09/30/28
04/10/2024
04/10/2024 2,000,000.00 2,015,937.500.00 2,015,937.50 4.43 09/30/2028 823 100.972,019,375.00 11,351.87
2,008,023.13 1.58 Aa1AA+
91282CJA0 US TREASURY

4.625 09/30/28
02/08/2024
02/08/2024 2,000,000.00 2,046,093.760.00 2,046,093.76 4.07 09/30/2028 823 100.972,019,375.00 (2,980.88)
2,022,355.88 1.58 Aa1AA+
91282CJR3 US TREASURY

3.750 12/31/28
10/29/2024
10/30/2024 1,150,000.00 1,132,525.390.00 1,132,525.39 4.15 12/31/2028 915 99.011,138,589.85 (916.19)
1,139,506.04 0.89 Aa1AA+
91282CJW2 US TREASURY

4.000 01/31/29
10/29/2024
10/30/2024 1,200,000.00 1,192,921.880.00 1,192,921.88 4.15 01/31/2029 946 99.581,194,937.50 (755.46)
1,195,692.96 0.94 Aa1AA+
91282CLC3 US TREASURY

4.000 07/31/29
10/29/2024
10/30/2024 1,500,000.00 1,490,449.220.00 1,490,449.22 4.15 07/31/2029 1,127 99.541,493,085.95 (712.10)
1,493,798.05 1.17 Aa1AA+
91282CFJ5 US TREASURY

3.125 08/31/29
09/27/2024
09/30/2024 1,500,000.00 1,471,230.470.00 1,471,230.47 3.55 08/31/2029 1,158 96.921,453,828.13 (27,627.77)
1,481,455.89 1.14 Aa1AA+
91282CFL0 US TREASURY

3.875 09/30/29
11/06/2024
11/07/2024 1,600,000.00 1,571,750.000.00 1,571,750.00 4.28 09/30/2029 1,188 99.101,585,625.01 4,379.34
1,581,245.67 1.24 Aa1AA+
91282CLR0 US TREASURY

4.125 10/31/29
11/06/2024
11/07/2024 1,600,000.00 1,590,125.000.00 1,590,125.00 4.26 10/31/2029 1,219 99.841,597,500.00 4,112.29
1,593,387.71 1.25 Aa1AA+
91282CFY2 US TREASURY

3.875 11/30/29
05/13/2025
05/14/2025 2,000,000.00 1,982,812.500.00 1,982,812.50 4.08 11/30/2029 1,249 99.041,980,781.26 (6,304.83)
1,987,086.09 1.55 Aa1AA+
91282CGB1 US TREASURY

3.875 12/31/29
03/30/2026
03/31/2026 2,000,000.00 1,997,890.630.00 1,997,890.63 3.90 12/31/2029 1,280 99.011,980,156.26 (17,875.92)
1,998,032.18 1.55 Aa1AA+
91282CGJ4 US TREASURY

3.500 01/31/30
01/29/2026
01/30/2026 2,000,000.00 1,984,062.500.00 1,984,062.50 3.72 01/31/2030 1,311 97.751,955,000.00 (30,719.48)
1,985,719.48 1.53 Aa1AA+
91282CGQ8 US TREASURY

4.000 02/28/30
05/13/2025
05/14/2025 2,000,000.00 1,992,578.130.00 1,992,578.13 4.08 02/28/2030 1,339 99.401,987,968.76 (6,359.93)
1,994,328.69 1.56 Aa1AA+
91282CMU2 US TREASURY

4.000 03/31/30
05/13/2025
05/14/2025 2,000,000.00 1,991,250.000.00 1,991,250.00 4.10 03/31/2030 1,370 99.361,987,187.50 (6,090.42)
1,993,277.92 1.56 Aa1AA+
91282CNN7 US TREASURY

3.875 07/31/30
01/29/2026
01/30/2026 1,750,000.00 1,757,929.690.00 1,757,929.69 3.76 07/31/2030 1,492 98.821,729,355.48 (27,840.61)
1,757,196.09 1.35 Aa1AA+
91282CPA3 US TREASURY

3.625 09/30/30
01/29/2026
01/30/2026 1,750,000.00 1,738,378.910.00 1,738,378.91 3.78 09/30/2030 1,553 97.791,711,308.60 (28,106.93)
1,739,415.53 1.34 Aa1AA+
91282CPD7 US TREASURY

3.625 10/31/30
01/29/2026
01/30/2026 1,750,000.00 1,737,558.590.00 1,737,558.59 3.79 10/31/2030 1,584 97.731,710,351.56 (28,297.00)
1,738,648.56 1.34 Aa1AA+
Position Statement

CITY OF SAN RAMON | JUNE 30, 2026
13 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
91282CPN5 US TREASURY

3.500 11/30/30
01/29/2026
01/30/2026 1,750,000.00 1,727,509.770.00 1,727,509.77 3.79 11/30/2030 1,614 97.201,700,917.98 (28,528.63)
1,729,446.61 1.33 Aa1AA+
91282CJQ5 US TREASURY

3.750 12/31/30
01/29/2026
01/30/2026 1,750,000.00 1,745,625.000.00 1,745,625.00 3.81 12/31/2030 1,645 98.131,717,324.23 (28,671.04)
1,745,995.27 1.34 Aa1AA+
U.S. TREASURIES
TOTAL 56,300,000.00 55,807,435.2126,936.14 55,834,371.35 3.70 870 99.1155,791,818.50 (310,319.38)
56,102,137.87 43.67 AA+
U.S. AGENCIES
313385H25 FHLBANKS D
NOTE 09/25/26
03/30/2026
03/31/2026 2,000,000.00 1,964,400.000.00 1,964,400.00 3.72 09/25/2026 87 99.051,980,905.50 (1,894.50)
1,982,800.00 1.55 P-1A-1+
3133EN7A2

FED FARM CR
BNKS 3.625
10/26/26
02/07/2023
02/07/2023 2,000,000.00 1,972,388.000.00 1,972,388.00 4.03 10/26/2026 118 99.901,997,900.00 282.71
1,997,617.29 1.56 Aa1AA+
3134GW6C5

FREDDIE MAC

0.800 10/28/26 '26
MTN
03/30/2026
03/31/2026 2,000,000.00 1,966,340.000.00 1,966,340.00 3.79 10/28/2026 120 98.971,979,300.00 (1,716.40)
1,981,016.40 1.55 Aa1AA+
3130AXU63 FHLBANKS 4.625
11/17/26
11/17/2023
11/17/2023 1,000,000.00 998,230.000.00 998,230.00 4.69 11/17/2026 140 100.231,002,320.00 2,544.75
999,775.25 0.78 Aa1AA+
3130AQW66 FHLBANKS 2.080
02/25/27 '26
02/25/2022
02/25/2022 1,000,000.00 1,000,000.000.00 1,000,000.00 2.08 02/25/2027 240 98.50985,010.00 (14,990.00)
1,000,000.00 0.77 Aa1AA+
3130AUSN5 FHLBANKS 3.500
10/01/27
02/07/2023
02/07/2023 2,000,000.00 1,967,600.000.00 1,967,600.00 3.89 10/01/2027 458 99.031,980,660.00 (10,611.22)
1,991,271.22 1.55 Aa1AA+
3130A07B0 FHLBANKS 4.000
09/01/28
10/31/2023
10/31/2023 1,265,000.00 1,214,564.450.00 1,214,564.45 4.94 09/01/2028 794 99.501,258,637.05 16,297.93
1,242,339.12 0.99 Aa1AA+
3133EPC45

FED FARM CR
BNKS 4.625
11/13/28
11/28/2023
11/28/2023 2,000,000.00 2,009,460.000.00 2,009,460.00 4.52 11/13/2028 867 100.882,017,540.00 13,015.88
2,004,524.12 1.58 Aa1AA+
3133ERDH1

FED FARM CR
BNKS 4.750
04/30/29
05/17/2024
05/17/2024 2,000,000.00 2,030,572.000.00 2,030,572.00 4.40 04/30/2029 1,035 101.352,027,000.00 9,508.33
2,017,491.67 1.59 Aa1AA+
880591FE7 TVA 3.875
08/01/30
08/18/2025
08/19/2025 1,650,000.00 1,644,472.500.00 1,644,472.50 3.95 08/01/2030 1,493 98.661,627,906.50 (17,532.09)
1,645,438.59 1.27 Aa1AA+
U.S. AGENCIES
TOTAL 16,915,000.00 16,768,026.950.00 16,768,026.95 4.04 546 99.6716,857,179.05 (5,094.61)
16,862,273.66 13.19 AA+

NEGOTIABLE
CD'S
795451AK9 SALLIE MAE BNK

1.100 08/11/26
08/11/2021
08/11/2021 248,000.00 248,000.000.00 248,000.00 1.10 08/11/2026 42 99.67247,191.52 (808.48)
248,000.00 0.19 NANA
108622PJ4

BRIDGEWATER
BANK 5.100
11/03/26
11/06/2023
11/06/2023 248,000.00 247,628.000.00 247,628.00 5.15 11/03/2026 126 100.04248,091.67 134.27
247,957.40 0.19 NANA
23204HQA9

CUSTOMERS
BANK 4.050
08/13/27
08/05/2024
08/14/2024 248,000.00 247,628.000.00 247,628.00 4.10 08/13/2027 409 99.96247,895.84

34.71 247,861.13 0.19 NANA
32114VCH8 FIRST BK MCH

4.600 03/15/28
03/15/2023
03/15/2023 248,000.00 248,000.000.00 248,000.00 4.60 03/15/2028 624 100.77249,914.56 1,914.56
248,000.00 0.20 NANA
Position Statement

CITY OF SAN RAMON | JUNE 30, 2026
14 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
062119BK7 BANK FIVE 4.650
03/20/28
03/20/2023
03/20/2023 248,000.00 248,000.000.00 248,000.00 4.65 03/20/2028 629 100.86250,120.40 2,120.40
248,000.00 0.20 NANA
2546732U9 CAPITL ONE NA

5.000 03/21/28
03/22/2023
03/22/2023 248,000.00 247,456.880.00 247,456.88 5.05 03/21/2028 630 100.30248,753.03 940.27
247,812.76 0.19 NANA
12547CAX6 CIBC BANK 4.450
04/13/28
04/14/2023
04/14/2023 248,000.00 247,380.000.00 247,380.00 4.51 04/13/2028 653 99.45246,634.80 (1,143.65)
247,778.44 0.19 NANA
857894Q77 STEARNS BANK

4.050 08/14/28
08/02/2024
08/13/2024 248,000.00 247,752.000.00 247,752.00 4.08 08/14/2028 776 99.82247,543.68 (324.76)
247,868.44 0.19 NANA
949764HK3

WELLS FARGO
BANK 5.050
11/07/28
11/07/2023
11/07/2023 248,000.00 247,451.920.00 247,451.92 5.10 11/07/2028 861 101.98252,917.84 5,176.00
247,741.84 0.20 NANA
90355GHQ2 UBS USA 5.000
11/08/28
11/08/2023
11/08/2023 248,000.00 247,451.920.00 247,451.92 5.05 11/08/2028 862 100.56249,399.39 1,657.85
247,741.54 0.20 NANA
61768EE82

MORGAN PVT
BNK 5.050
11/08/28
11/08/2023
11/08/2023 248,000.00 247,456.880.00 247,456.88 5.05 11/08/2028 862 100.64249,591.59 1,847.72
247,743.87 0.20 NANA

NEGOTIABLE
CD'S TOTAL 2,728,000.00 2,724,205.600.00 2,724,205.60 4.41 589 100.372,738,054.30 11,548.89
2,726,505.41 2.14 NA

CORPORATE
BONDS
67066GAE4 NVIDIA 3.200
09/16/26 '26
03/30/2026
03/31/2026 2,000,000.00 1,994,180.002,666.67 1,996,846.67 3.84 09/16/2026 78 99.791,995,860.00 (1,488.28)
1,997,348.28 1.56 Aa1AA
91159HHR4

US BANCORP

3.150 04/27/27 '27
MTN
05/18/2026
05/19/2026 2,000,000.00 1,984,020.003,850.00 1,987,870.00 4.02 04/27/2027 301 99.141,982,700.00 (3,323.32)
1,986,023.32 1.55 A3A
89236TKJ3

TOYOTA MOTOR
CRD 4.550
09/20/27 MTN
06/10/2024
06/11/2024 1,000,000.00 986,000.000.00 986,000.00 5.02 09/20/2027 447 100.321,003,150.00 8,375.60
994,774.40 0.79 A1A+
06051GGA1 BOFAML 3.248
10/21/27 '26 MTN
12/08/2023
12/08/2023 1,000,000.00 939,580.000.00 939,580.00 4.98 10/21/2027 478 98.80987,960.00 8,382.20
979,577.80 0.77 A1A14913UAS9

CTRPLLR FIN
SERV 4.600
11/15/27 MTN
05/18/2026
05/19/2026 2,000,000.00 2,013,112.001,022.22 2,014,134.22 4.14 11/15/2027 503 100.432,008,620.00 (3,457.48)
2,012,077.48 1.57 A1A
592179KF1

METLIFE GBL FDG

5.050 01/06/28
MTN
12/08/2023
12/08/2023 1,158,000.00 1,156,135.620.00 1,156,135.62 5.09 01/06/2028 555 100.741,166,569.20 9,263.09
1,157,306.11 0.91 Aa3AA532457DB1 LILLY 4.000
10/15/28 '28
03/30/2026
03/31/2026 2,000,000.00 1,996,980.000.00 1,996,980.00 4.06 10/15/2028 838 99.341,986,720.00 (10,559.07)
1,997,279.07 1.56 Aa3AA713448GL6 PEPSICO 4.100
01/15/29 '28
01/29/2026
01/30/2026 1,500,000.00 1,510,245.002,562.50 1,512,807.50 3.85 01/15/2029 930 99.411,491,210.00 (17,551.91)
1,508,761.91 1.17 A1A+
58933YAX3 MERCK & CO

3.400 03/07/29 '28
01/29/2026
01/30/2026 1,500,000.00 1,477,920.000.00 1,477,920.00 3.91 03/07/2029 981 97.541,463,145.00 (17,739.81)
1,480,884.81 1.15 Aa3A+
57636QAM6 MASTERCARD

2.950 06/01/29 '29
01/29/2026
01/30/2026 1,500,000.00 1,454,955.000.00 1,454,955.00 3.92 06/01/2029 1,067 96.301,444,560.00 (16,016.38)
1,460,576.38 1.13 Aa3A+
24422EUY3

JOHN DEERE CAP

2.800 07/18/29
MTN
01/29/2026
01/30/2026 1,500,000.00 1,446,135.001,400.00 1,447,535.00 3.92 07/18/2029 1,114 95.381,430,640.00 (21,967.32)
1,452,607.32 1.12 A1A
Position Statement

CITY OF SAN RAMON | JUNE 30, 2026
15 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
66989HAT5 NOVARTIS CAP

3.800 09/18/29 '29
03/30/2026
03/31/2026 2,000,000.00 1,971,320.002,744.44 1,974,064.44 4.25 09/18/2029 1,176 98.121,962,400.00 (11,002.53)
1,973,402.53 1.54 Aa3AA931142FN8 WALMART 4.350
04/28/30 '30
05/13/2025
05/14/2025 1,500,000.00 1,501,425.000.00 1,501,425.00 4.33 04/28/2030 1,398 100.161,502,415.00 1,320.82
1,501,094.18 1.18 Aa2AA
037833EZ9 APPLE 4.200
05/12/30 '30
05/13/2025
05/14/2025 1,500,000.00 1,488,735.000.00 1,488,735.00 4.37 05/12/2030 1,412 99.771,496,535.00 5,249.32
1,491,285.68 1.17 AaaAA+
02079KAK3 ALPHABET 4.000
05/15/30 '30
01/29/2026
01/30/2026 1,500,000.00 1,500,885.000.00 1,500,885.00 3.98 05/15/2030 1,415 98.561,478,340.00 (22,457.42)
1,500,797.42 1.16 Aa2AA+
023135BS4 AMAZON.COM

1.500 06/03/30 '30
08/18/2025
08/19/2025 1,500,000.00 1,334,550.000.00 1,334,550.00 4.06 06/03/2030 1,434 89.281,339,185.00 (25,257.62)
1,364,442.62 1.05 A1AA

CORPORATE
BONDS TOTAL 25,158,000.00 24,756,177.6214,245.83 24,770,423.45 4.18 868 98.4124,740,009.20 (118,230.12)
24,858,239.32 19.37 A+

SUPRANATIONAL
45818WFN1 IDB 4.850 07/19/27
MTN
05/24/2024
05/24/2024 2,000,000.00 2,008,860.000.00 2,008,860.00 4.70 07/19/2027 384 100.252,005,020.00 2,066.48
2,002,953.52 1.57 AaaAAA
459058LN1 IBRD 3.875
10/16/29 MTN
11/14/2024
11/15/2024 1,500,000.00 1,469,736.000.00 1,469,736.00 4.33 10/16/2029 1,204 99.021,485,255.00 5,526.49
1,479,728.51 1.16 AaaAAA

SUPRANATIONAL
TOTAL 3,500,000.00 3,478,596.000.00 3,478,596.00 4.54 733 99.733,490,275.00 7,592.97
3,482,682.03 2.73 AAA

CITY OF SAN
RAMON, CA TOTAL 128,785,606.15 127,597,812.1341,181.97 127,638,994.10 3.89 656 127,756,045.75 (414,502.26)
128,170,548.00 100.00 AA
GRAND TOTAL 128,785,606.15 127,597,812.13
41,181.97 127,638,994.10 3.89 656 127,756,045.75
(414,502.26)
128,170,548.00 100.00 AA
Position Statement

CITY OF SAN RAMON | JUNE 30, 2026
16 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
02079KAK3 ALPHABET 4.000 05/15/30 '30 1,500,000.00 1,500,885.00 885.00 1,500,814.71 (17.29) 1,500,797.42 (87.58) 797.42 023135BS4 AMAZON.COM 1.500 06/03/30 '30 1,500,000.00 1,334,550.00 (165,450.00) 1,361,604.72 2,837.91 1,364,442.62 29,892.62 (135,557.38) 037833EZ9 APPLE 4.200 05/12/30 '30 1,500,000.00 1,488,735.00 (11,265.00) 1,491,100.40 185.28 1,491,285.68 2,550.68 (8,714.32) 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 06051GGA1 BOFAML 3.248 10/21/27 '26 MTN 1,000,000.00 939,580.00 (60,420.00) 978,293.39 1,284.41 979,577.80 39,997.80 (20,422.20) 108622PJ4 BRIDGEWATER BANK 5.100 11/03/26 248,000.00 247,628.00 (372.00) 247,947.18 10.22 247,957.40 329.40 (42.60) 2546732U9 CAPITL ONE NA 5.000 03/21/28 248,000.00 247,456.88 (543.12) 247,803.83 8.93 247,812.76 355.88 (187.24) 12547CAX6 CIBC BANK 4.450 04/13/28 248,000.00 247,380.00 (620.00) 247,768.25 10.19 247,778.44 398.44 (221.56) 22533UJ87 CREDIT AGRI NY 09/08/26 1,250,000.00 1,218,822.93 (31,177.07) 1,237,453.13 3,802.08 1,241,255.21 22,432.28 (8,744.79) 22533UM26 CREDIT AGRI NY 12/02/26 1,000,000.00 973,859.17 (26,140.83) 980,526.67 3,175.00 983,701.67 9,842.50 (16,298.33) 14913UAS9 CTRPLLR FIN SERV 4.600 11/15/27 MTN 2,000,000.00 2,013,112.00 13,112.00 2,012,799.24 (721.76) 2,012,077.48 (1,034.52) 12,077.48 23204HQA9 CUSTOMERS BANK 4.050 08/13/27 248,000.00 247,628.00 (372.00) 247,850.92 10.21 247,861.13 233.13 (138.87) 3133EN7A2 FED FARM CR BNKS 3.625 10/26/26 2,000,000.00 1,972,388.00 (27,612.00) 1,997,006.34 610.95 1,997,617.29 25,229.29 (2,382.71) 3133EPC45 FED FARM CR BNKS 4.625 11/13/28 2,000,000.00 2,009,460.00 9,460.00 2,004,680.85 (156.72) 2,004,524.12 (4,935.88) 4,524.12 3133ERDH1 FED FARM CR BNKS 4.750 04/30/29 2,000,000.00 2,030,572.00 30,572.00 2,017,999.16 (507.50) 2,017,491.67 (13,080.33) 17,491.67 3130AQW66 FHLBANKS 2.080 02/25/27 '26 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) 1,990,698.22 573.01 1,991,271.22 23,671.22 (8,728.78) 3130A07B0 FHLBANKS 4.000 09/01/28 1,265,000.00 1,214,564.45 (50,435.55) 1,241,481.83 857.28 1,242,339.12 27,774.67 (22,660.88) 3130AXU63 FHLBANKS 4.625 11/17/26 1,000,000.00 998,230.00 (1,770.00) 999,726.74 48.51 999,775.25 1,545.25 (224.75) 313385H25 FHLBANKS D NOTE 09/25/26 2,000,000.00 1,964,400.00 (35,600.00) 1,976,800.00 6,000.00 1,982,800.00 18,400.00 (17,200.00) 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 3134GW6C5 FREDDIE MAC 0.800 10/28/26 '26 MTN 2,000,000.00 1,966,340.00 (33,660.00) 1,976,230.62 4,785.78 1,981,016.40 14,676.40 (18,983.60) 459058LN1 IBRD 3.875 10/16/29 MTN 1,500,000.00 1,469,736.00 (30,264.00) 1,479,222.99 505.52 1,479,728.51 9,992.51 (20,271.49) 45818WFN1 IDB 4.850 07/19/27 MTN 2,000,000.00 2,008,860.00 8,860.00 2,003,184.87 (231.35) 2,002,953.52 (5,906.48) 2,953.52 24422EUY3 JOHN DEERE CAP 2.800 07/18/29 MTN 1,500,000.00 1,446,135.00 (53,865.00) 1,451,329.89 1,277.43 1,452,607.32 6,472.32 (47,392.68) 532457DB1 LILLY 4.000 10/15/28 '28 2,000,000.00 1,996,980.00 (3,020.00) 1,997,181.55 97.52 1,997,279.07 299.07 (2,720.93) 57636QAM6 MASTERCARD 2.950 06/01/29 '29 1,500,000.00 1,454,955.00 (45,045.00) 1,459,466.90 1,109.48 1,460,576.38 5,621.38 (39,423.62) 58933YAX3 MERCK & CO 3.400 03/07/29 '28 1,500,000.00 1,477,920.00 (22,080.00) 1,480,299.65 585.16 1,480,884.81 2,964.81 (19,115.19)

CITY OF SAN RAMON | JUNE 30, 2026
17 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) 1,157,268.53 37.58 1,157,306.11 1,170.49 (693.89) 61768EE82 MORGAN PVT BNK 5.050 11/08/28 248,000.00 247,456.88 (543.12) 247,734.95 8.92 247,743.87 286.99 (256.13) 62479MK51 MUFG BANK NY 10/05/26 2,000,000.00 1,958,945.00 (41,055.00) 1,972,630.00 6,516.67 1,979,146.67 20,201.67 (20,853.33) 66989HAT5 NOVARTIS CAP 3.800 09/18/29 '29 2,000,000.00 1,971,320.00 (28,680.00) 1,972,723.44 679.08 1,973,402.53 2,082.53 (26,597.47) 67066GAE4 NVIDIA 3.200 09/16/26 '26 2,000,000.00 1,994,180.00 (5,820.00) 1,996,315.15 1,033.14 1,997,348.28 3,168.28 (2,651.72) 63873KG19 Natixis, New York Branch 0.0 07/01/2026 1,250,000.00 1,227,137.50 (22,862.50) 1,246,125.00 3,875.00 1,250,000.00 22,862.50 0.00 713448GL6 PEPSICO 4.100 01/15/29 '28 1,500,000.00 1,510,245.00 10,245.00 1,509,054.63 (292.71) 1,508,761.91 (1,483.09) 8,761.91 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 857894Q77 STEARNS BANK 4.050 08/14/28 248,000.00 247,752.00 (248.00) 247,863.35 5.09 247,868.44 116.44 (131.56) 89236TKJ3 TOYOTA MOTOR CRD 4.550 09/20/27 MTN 1,000,000.00 986,000.00 (14,000.00) 994,422.90 351.50 994,774.40 8,774.40 (5,225.60) 880591FE7 TVA 3.875 08/01/30 1,650,000.00 1,644,472.50 (5,527.50) 1,645,346.87 91.72 1,645,438.59 966.09 (4,561.41) 90355GHQ2 UBS USA 5.000 11/08/28 248,000.00 247,451.92 (548.08) 247,732.53 9.01 247,741.54 289.62 (258.46) 91159HHR4 US BANCORP 3.150 04/27/27 '27 MTN 2,000,000.00 1,984,020.00 (15,980.00) 1,984,625.66 1,397.67 1,986,023.32 2,003.32 (13,976.68) 91282CCW9 US TREASURY 0.750 08/31/26 1,000,000.00 997,798.42 (2,201.58) 999,890.12 36.22 999,926.34 2,127.92 (73.66) 91282CCZ2 US TREASURY 0.875 09/30/26 1,000,000.00 990,351.56 (9,648.44) 999,355.14 159.88 999,515.02 9,163.46 (484.98) 91282CDG3 US TREASURY 1.125 10/31/26 2,000,000.00 1,941,093.76 (58,906.24) 1,994,808.32 1,024.67 1,995,832.99 54,739.23 (4,167.01) 912828U24 US TREASURY 2.000 11/15/26 2,000,000.00 2,003,593.76 3,593.76 2,000,352.06 (63.24) 2,000,288.81 (3,304.95) 288.81 9128283F5 US TREASURY 2.250 11/15/27 2,000,000.00 1,823,750.00 (176,250.00) 1,941,049.28 3,324.29 1,944,373.57 120,623.57 (55,626.43) 912828X88 US TREASURY 2.375 05/15/27 2,000,000.00 1,882,421.88 (117,578.12) 1,973,708.97 2,266.47 1,975,975.44 93,553.56 (24,024.56) 9128283W8 US TREASURY 2.750 02/15/28 1,250,000.00 1,232,031.25 (17,968.75) 1,235,438.31 700.08 1,236,138.39 4,107.14 (13,861.61) 91282CFJ5 US TREASURY 3.125 08/31/29 1,500,000.00 1,471,230.47 (28,769.53) 1,480,975.06 480.83 1,481,455.89 10,225.42 (18,544.11) 91282CLL3 US TREASURY 3.375 09/15/27 2,000,000.00 1,984,921.88 (15,078.12) 1,985,326.87 934.59 1,986,261.47 1,339.59 (13,738.54) 91282CGJ4 US TREASURY 3.500 01/31/30 2,000,000.00 1,984,062.50 (15,937.50) 1,985,392.44 327.03 1,985,719.48 1,656.98 (14,280.52) 91282CPN5 US TREASURY 3.500 11/30/30 1,750,000.00 1,727,509.77 (22,490.23) 1,729,064.34 382.27 1,729,446.61 1,936.84 (20,553.39) 91282CPA3 US TREASURY 3.625 09/30/30 1,750,000.00 1,738,378.91 (11,621.09) 1,739,210.94 204.60 1,739,415.53 1,036.62 (10,584.47) 91282CPD7 US TREASURY 3.625 10/31/30 1,750,000.00 1,737,558.59 (12,441.41) 1,738,433.43 215.13 1,738,648.56 1,089.97 (11,351.44) 91282CLG4 US TREASURY 3.750 08/15/27 1,250,000.00 1,255,566.41 5,566.41 1,254,179.56 (284.97) 1,253,894.59 (1,671.82) 3,894.59 91282CJR3 US TREASURY 3.750 12/31/28 1,150,000.00 1,132,525.39 (17,474.61) 1,139,161.60 344.44 1,139,506.04 6,980.65 (10,493.96) 91282CJQ5 US TREASURY 3.750 12/31/30 1,750,000.00 1,745,625.00 (4,375.00) 1,745,922.19 73.08 1,745,995.27 370.27 (4,004.73)

CITY OF SAN RAMON | JUNE 30, 2026
18 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
91282CNH0 US TREASURY 3.875 06/15/28 1,250,000.00 1,261,425.78 11,425.78 1,259,553.54 (384.71) 1,259,168.84 (2,256.94) 9,168.84 91282CNN7 US TREASURY 3.875 07/31/30 1,750,000.00 1,757,929.69 7,929.69 1,757,340.88 (144.79) 1,757,196.09 (733.60) 7,196.09 91282CFL0 US TREASURY 3.875 09/30/29 1,600,000.00 1,571,750.00 (28,250.00) 1,580,771.67 473.99 1,581,245.67 9,495.67 (18,754.33) 91282CFY2 US TREASURY 3.875 11/30/29 2,000,000.00 1,982,812.50 (17,187.50) 1,986,775.66 310.43 1,987,086.09 4,273.59 (12,913.91) 91282CGB1 US TREASURY 3.875 12/31/29 2,000,000.00 1,997,890.63 (2,109.37) 1,997,986.02 46.16 1,998,032.18 141.55 (1,967.82) 91282CJW2 US TREASURY 4.000 01/31/29 1,200,000.00 1,192,921.88 (7,078.12) 1,195,556.23 136.73 1,195,692.96 2,771.08 (4,307.04) 91282CGQ8 US TREASURY 4.000 02/28/30 2,000,000.00 1,992,578.13 (7,421.87) 1,994,201.53 127.16 1,994,328.69 1,750.56 (5,671.31) 91282CMU2 US TREASURY 4.000 03/31/30 2,000,000.00 1,991,250.00 (8,750.00) 1,993,130.61 147.31 1,993,277.92 2,027.92 (6,722.08) 91282CLC3 US TREASURY 4.000 07/31/29 1,500,000.00 1,490,449.22 (9,550.78) 1,493,632.81 165.24 1,493,798.05 3,348.83 (6,201.95) 91282CMB4 US TREASURY 4.000 12/15/27 1,250,000.00 1,262,695.31 12,695.31 1,260,077.35 (537.94) 1,259,539.41 (3,155.90) 9,539.41 91282CFU0 US TREASURY 4.125 10/31/27 2,000,000.00 1,992,109.38 (7,890.62) 1,997,613.57 138.48 1,997,752.05 5,642.67 (2,247.95) 91282CLR0 US TREASURY 4.125 10/31/29 1,600,000.00 1,590,125.00 (9,875.00) 1,593,224.85 162.86 1,593,387.71 3,262.71 (6,612.29) 91282CKE0 US TREASURY 4.250 03/15/27 2,000,000.00 2,007,421.88 7,421.88 2,007,100.27 (742.19) 2,006,358.08 (1,063.80) 6,358.08 91282CHX2 US TREASURY 4.375 08/31/28 2,000,000.00 1,989,687.50 (10,312.50) 1,994,565.70 198.33 1,994,764.04 5,076.54 (5,235.96) 91282CJP7 US TREASURY 4.375 12/15/26 2,000,000.00 2,015,937.50 15,937.50 2,009,127.00 (1,389.90) 2,007,737.10 (8,200.40) 7,737.10 91282CJA0 US TREASURY 4.625 09/30/28 2,000,000.00 2,046,093.76 46,093.76 2,023,171.79 (815.91) 2,022,355.88 (23,737.88) 22,355.88 91282CJA0 US TREASURY 4.625 09/30/28 2,000,000.00 2,015,937.50 15,937.50 2,008,315.94 (292.81) 2,008,023.13 (7,914.37) 8,023.13 931142FN8 WALMART 4.350 04/28/30 '30 1,500,000.00 1,501,425.00 1,425.00 1,501,118.21 (24.03) 1,501,094.18 (330.82) 1,094.18 949764HK3 WELLS FARGO BANK 5.050 11/07/28 248,000.00 247,451.92 (548.08) 247,732.83 9.01 247,741.84 289.92 (258.16) TOTAL 110,101,000.00 108,913,205.98 (1,187,794.02) 109,438,380.12 47,561.73 109,485,941.85 572,735.87 (615,058.15) GRAND TOTAL 110,101,000.00 108,913,205.98 (1,187,794.02) 109,438,380.12 47,561.73 109,485,941.85 572,735.87 (615,058.15)

CITY OF SAN RAMON | JUNE 30, 2026
19 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
02079KAK3 ALPHABET 4.000 05/15/30 '30 2026-01-30 1,500,000.00 1,500,885.00 2,666.67 0.00 5,000.00 0.00 7,666.67 023135BS4 AMAZON.COM 1.500 06/03/30 '30 2025-08-19 1,500,000.00 1,334,550.00 11,125.00 0.00 1,875.00 11,250.00 1,750.00 037833EZ9 APPLE 4.200 05/12/30 '30 2025-05-14 1,500,000.00 1,488,735.00 3,325.00 0.00 5,250.00 0.00 8,575.00 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 06051GGA1 BOFAML 3.248 10/21/27 '26 MTN 2023-12-08 1,000,000.00 939,580.00 3,608.89 0.00 2,706.67 0.00 6,315.56 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 2,412.05 0.00 1,019.18 0.00 3,431.23 12547CAX6 CIBC BANK 4.450 04/13/28 2023-04-14 248,000.00 247,380.00 1,451.31 0.00 907.07 0.00 2,358.38 22533UJ87 CREDIT AGRI NY 09/08/26 2026-01-05 1,250,000.00 1,218,822.93 0.00 0.00 0.00 0.00 0.00 22533UM26 CREDIT AGRI NY 12/02/26 2026-03-30 1,000,000.00 973,859.17 0.00 0.00 0.00 0.00 0.00 14913UAS9 CTRPLLR FIN SERV 4.600 11/15/27 MTN 2026-05-19 2,000,000.00 2,013,112.00 4,088.89 0.00 7,666.67 0.00 11,755.56 23204HQA9 CUSTOMERS BANK 4.050 08/13/27 2024-08-14 248,000.00 247,628.00 2,944.41 0.00 825.53 0.00 3,769.94 CALAIF California LAIF 2026-06-30 15,700,576.11 15,700,576.11 0.00 0.00 0.00 0.00 0.00 3133EN7A2 FED FARM CR BNKS 3.625 10/26/26 2023-02-07 2,000,000.00 1,972,388.00 7,048.61 0.00 6,041.67 0.00 13,090.28 3133EPC45 FED FARM CR BNKS 4.625 11/13/28 2023-11-28 2,000,000.00 2,009,460.00 4,625.00 0.00 7,708.33 0.00 12,333.33 3133ERDH1 FED FARM CR BNKS 4.750 04/30/29 2024-05-17 2,000,000.00 2,030,572.00 8,180.56 0.00 7,916.67 0.00 16,097.22 3130AQW66 FHLBANKS 2.080 02/25/27 '26 2022-02-25 1,000,000.00 1,000,000.00 5,546.67 0.00 1,733.33 0.00 7,280.00 3130AUSN5 FHLBANKS 3.500 10/01/27 2023-02-07 2,000,000.00 1,967,600.00 11,666.67 0.00 5,833.33 0.00 17,500.00 3130A07B0 FHLBANKS 4.000 09/01/28 2023-10-31 1,265,000.00 1,214,564.45 12,650.00 0.00 4,216.67 0.00 16,866.67 3130AXU63 FHLBANKS 4.625 11/17/26 2023-11-17 1,000,000.00 998,230.00 1,798.61 0.00 3,854.17 0.00 5,652.78 313385H25 FHLBANKS D NOTE 09/25/26 2026-03-31 2,000,000.00 1,964,400.00 0.00 0.00 0.00 0.00 0.00 316175108 FIDELITY IMM:GOVT;I 2026-06-30 2,984,030.04 2,984,030.04 16,177.13 0.00 8,247.44 16,177.13 8,247.44 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 3134GW6C5 FREDDIE MAC 0.800 10/28/26 '26 MTN 2026-03-31 2,000,000.00 1,966,340.00 1,466.67 0.00 1,333.33 0.00 2,800.00 459058LN1 IBRD 3.875 10/16/29 MTN 2024-11-15 1,500,000.00 1,469,736.00 7,260.00 0.00 4,845.00 0.00 12,105.00 45818WFN1 IDB 4.850 07/19/27 MTN 2024-05-24 2,000,000.00 2,008,860.00 35,566.67 0.00 8,083.33 0.00 43,650.00 24422EUY3 JOHN DEERE CAP 2.800 07/18/29 MTN 2026-01-30 1,500,000.00 1,446,135.00 15,516.67 0.00 3,500.00 0.00 19,016.67 532457DB1 LILLY 4.000 10/15/28 '28 2026-03-31 2,000,000.00 1,996,980.00 10,222.22 0.00 6,666.67 0.00 16,888.89

CITY OF SAN RAMON | JUNE 30, 2026
20 Accrued Interest Schedule

IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE

PRINCIPAL
COST

BEGINNING

ACCRUED

INTEREST

PURCHASED

INTEREST

CURRENT
PERIOD

ACCRUAL

INTEREST

RECEIVED
ENDING

ACCRUED

INTEREST
57636QAM6 MASTERCARD 2.950 06/01/29 '29 2026-01-30 1,500,000.00 1,454,955.00 22,125.00 0.00 3,687.50 22,125.00 3,687.50 58933YAX3 MERCK & CO 3.400 03/07/29 '28 2026-01-30 1,500,000.00 1,477,920.00 11,900.00 0.00 4,250.00 0.00 16,150.00 592179KF1 METLIFE GBL FDG 5.050 01/06/28 MTN 2023-12-08 1,158,000.00 1,156,135.62 23,554.04 0.00 4,873.25 0.00 28,427.29 61768EE82 MORGAN PVT BNK 5.050 11/08/28 2023-11-08 248,000.00 247,456.88 823.50 0.00 1,029.37 0.00 1,852.87 62479MK51 MUFG BANK NY 10/05/26 2026-03-30 2,000,000.00 1,958,945.00 0.00 0.00 0.00 0.00 0.00 66989HAT5 NOVARTIS CAP 3.800 09/18/29 '29 2026-03-31 2,000,000.00 1,971,320.00 15,411.11 0.00 6,333.33 0.00 21,744.44 67066GAE4 NVIDIA 3.200 09/16/26 '26 2026-03-31 2,000,000.00 1,994,180.00 13,333.33 0.00 5,333.33 0.00 18,666.67 63873KG19 Natixis, New York Branch 0.0 07/01/2026 2026-01-05 1,250,000.00 1,227,137.50 0.00 0.00 0.00 0.00 0.00 713448GL6 PEPSICO 4.100 01/15/29 '28 2026-01-30 1,500,000.00 1,510,245.00 23,233.33 0.00 5,125.00 0.00 28,358.33 795451AK9 SALLIE MAE BNK 1.100 08/11/26 2021-08-11 248,000.00 248,000.00 822.14 0.00 224.22 0.00 1,046.36 857894Q77 STEARNS BANK 4.050 08/14/28 2024-08-13 248,000.00 247,752.00 2,971.92 0.00 825.53 0.00 3,797.46 89236TKJ3 TOYOTA MOTOR CRD 4.550 09/20/27
MTN 2024-06-11 1,000,000.00 986,000.00 8,973.61 0.00 3,791.67 0.00 12,765.28 880591FE7 TVA 3.875 08/01/30 2025-08-19 1,650,000.00 1,644,472.50 21,312.50 0.00 5,328.13 0.00 26,640.63 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 91159HHR4 US BANCORP 3.150 04/27/27 '27 MTN 2026-05-19 2,000,000.00 1,984,020.00 5,950.00 0.00 5,250.00 0.00 11,200.00 91282CCW9 US TREASURY 0.750 08/31/26 2021-08-31 1,000,000.00 997,798.42 1,895.38 0.00 611.41 0.00 2,506.79 91282CCZ2 US TREASURY 0.875 09/30/26 2021-10-13 1,000,000.00 990,351.56 1,482.24 0.00 717.21 0.00 2,199.45 91282CDG3 US TREASURY 1.125 10/31/26 2022-02-07 2,000,000.00 1,941,093.76 1,956.52 0.00 1,834.24 0.00 3,790.76 912828U24 US TREASURY 2.000 11/15/26 2022-03-14 2,000,000.00 2,003,593.76 1,847.83 0.00 3,260.87 0.00 5,108.70 9128283F5 US TREASURY 2.250 11/15/27 2023-07-07 2,000,000.00 1,823,750.00 2,078.80 0.00 3,668.48 0.00 5,747.28 912828X88 US TREASURY 2.375 05/15/27 2023-02-07 2,000,000.00 1,882,421.88 2,194.29 0.00 3,872.28 0.00 6,066.58 9128283W8 US TREASURY 2.750 02/15/28 2026-01-06 1,250,000.00 1,232,031.25 10,065.61 0.00 2,848.76 0.00 12,914.36 91282CFJ5 US TREASURY 3.125 08/31/29 2024-09-30 1,500,000.00 1,471,230.47 11,846.13 0.00 3,821.33 0.00 15,667.46 91282CLL3 US TREASURY 3.375 09/15/27 2026-05-19 2,000,000.00 1,984,921.88 14,307.07 0.00 5,502.72 0.00 19,809.78 91282CGJ4 US TREASURY 3.500 01/31/30 2026-01-30 2,000,000.00 1,984,062.50 23,397.79 0.00 5,801.10 0.00 29,198.90 91282CPN5 US TREASURY 3.500 11/30/30 2026-01-30 1,750,000.00 1,727,509.77 30,792.35 0.00 5,020.49 30,625.00 5,187.84 91282CPA3 US TREASURY 3.625 09/30/30 2026-01-30 1,750,000.00 1,738,378.91 10,746.24 0.00 5,199.80 0.00 15,946.04 91282CPD7 US TREASURY 3.625 10/31/30 2026-01-30 1,750,000.00 1,737,558.59 5,516.30 0.00 5,171.54 0.00 10,687.84 91282CLG4 US TREASURY 3.750 08/15/27 2026-01-06 1,250,000.00 1,255,566.41 13,725.83 0.00 3,884.67 0.00 17,610.50

CITY OF SAN RAMON | JUNE 30, 2026
21 Accrued Interest Schedule

IDENTIFIER DESCRIPTION SETTLE DATE PAR VALUE

PRINCIPAL
COST

BEGINNING

ACCRUED

INTEREST

PURCHASED

INTEREST

CURRENT
PERIOD

ACCRUAL

INTEREST

RECEIVED
ENDING

ACCRUED

INTEREST
91282CJR3 US TREASURY 3.750 12/31/28 2024-10-30 1,150,000.00 1,132,525.39 18,107.73 0.00 3,571.95 21,562.50 117.19 91282CJQ5 US TREASURY 3.750 12/31/30 2026-01-30 1,750,000.00 1,745,625.00 27,555.25 0.00 5,435.58 32,812.50 178.33 91282CNH0 US TREASURY 3.875 06/15/28 2026-01-06 1,250,000.00 1,261,425.78 22,355.77 0.00 3,980.47 24,218.75 2,117.49 91282CNN7 US TREASURY 3.875 07/31/30 2026-01-30 1,750,000.00 1,757,929.69 22,666.61 0.00 5,619.82 0.00 28,286.43 91282CFL0 US TREASURY 3.875 09/30/29 2024-11-07 1,600,000.00 1,571,750.00 10,502.73 0.00 5,081.97 0.00 15,584.70 91282CFY2 US TREASURY 3.875 11/30/29 2025-05-14 2,000,000.00 1,982,812.50 38,961.75 0.00 6,352.46 38,750.00 6,564.21 91282CGB1 US TREASURY 3.875 12/31/29 2026-03-31 2,000,000.00 1,997,890.63 32,541.44 0.00 6,419.16 38,750.00 210.60 91282CJW2 US TREASURY 4.000 01/31/29 2024-10-30 1,200,000.00 1,192,921.88 16,044.20 0.00 3,977.90 0.00 20,022.10 91282CGQ8 US TREASURY 4.000 02/28/30 2025-05-14 2,000,000.00 1,992,578.13 20,217.39 0.00 6,521.74 0.00 26,739.13 91282CMU2 US TREASURY 4.000 03/31/30 2025-05-14 2,000,000.00 1,991,250.00 13,551.91 0.00 6,557.38 0.00 20,109.29 91282CLC3 US TREASURY 4.000 07/31/29 2024-10-30 1,500,000.00 1,490,449.22 20,055.25 0.00 4,972.38 0.00 25,027.62 91282CMB4 US TREASURY 4.000 12/15/27 2026-01-06 1,250,000.00 1,262,695.31 23,076.92 0.00 4,108.87 25,000.00 2,185.79 91282CFU0 US TREASURY 4.125 10/31/27 2023-02-23 2,000,000.00 1,992,109.38 7,173.91 0.00 6,725.54 0.00 13,899.46 91282CLR0 US TREASURY 4.125 10/31/29 2024-11-07 1,600,000.00 1,590,125.00 5,739.13 0.00 5,380.43 0.00 11,119.57 91282CKE0 US TREASURY 4.250 03/15/27 2026-05-19 2,000,000.00 2,007,421.88 18,016.30 0.00 6,929.35 0.00 24,945.65 91282CHX2 US TREASURY 4.375 08/31/28 2024-05-23 2,000,000.00 1,989,687.50 22,112.77 0.00 7,133.15 0.00 29,245.92 91282CJP7 US TREASURY 4.375 12/15/26 2026-01-05 2,000,000.00 2,015,937.50 40,384.62 0.00 7,190.52 43,750.00 3,825.14 91282CJA0 US TREASURY 4.625 09/30/28 2024-02-08 2,000,000.00 2,046,093.76 15,669.40 0.00 7,581.97 0.00 23,251.37 91282CJA0 US TREASURY 4.625 09/30/28 2024-04-10 2,000,000.00 2,015,937.50 15,669.40 0.00 7,581.97 0.00 23,251.37 931142FN8 WALMART 4.350 04/28/30 '30 2025-05-14 1,500,000.00 1,501,425.00 5,981.25 0.00 5,437.50 0.00 11,418.75 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 128,785,606.15 127,597,812.13 851,582.81 0.00 314,029.97 310,160.25 855,452.53 GRAND TOTAL 128,785,606.15 127,597,812.13 851,582.81 0.00 314,029.97 310,160.25 855,452.53

CITY OF SAN RAMON | JUNE 30, 2026
22 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
02079KAK3 ALPHABET 4.000 05/15/30 '30 1,500,000.00 1,500,814.71 1,500,797.42 05/15/2030 4.00 3.98 5,000.00 (17.29) 0.00 4,982.71 023135BS4 AMAZON.COM 1.500 06/03/30
'30 1,500,000.00 1,361,604.72 1,364,442.62 06/03/2030 1.50 4.06 1,875.00 2,837.91 0.00 4,712.91 037833EZ9 APPLE 4.200 05/12/30 '30 1,500,000.00 1,491,100.40 1,491,285.68 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 1,000,000.00 978,293.39 979,577.80 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 108622PJ4 BRIDGEWATER BANK 5.100
11/03/26 248,000.00 247,947.18 247,957.40 11/03/2026 5.10 5.15 1,039.56 10.22 0.00 1,049.78 12547CAX6 CIBC BANK 4.450 04/13/28 248,000.00 247,768.25 247,778.44 04/13/2028 4.45 4.51 907.07 10.19 0.00 917.26 14913UAS9 CTRPLLR FIN SERV 4.600
11/15/27 MTN 2,000,000.00 2,012,799.24 2,012,077.48 11/15/2027 4.60 4.14 7,666.67 (721.76) 0.00 6,944.91 22533UJ87 CREDIT AGRI NY 09/08/26 1,250,000.00 1,237,453.13 1,241,255.21 09/08/2026 0.00 3.74 0.00 3,802.08 0.00 3,802.08 22533UM26 CREDIT AGRI NY 12/02/26 1,000,000.00 980,526.67 983,701.67 12/02/2026 0.00 3.91 0.00 3,175.00 0.00 3,175.00 23204HQA9 CUSTOMERS BANK 4.050
08/13/27 248,000.00 247,850.92 247,861.13 08/13/2027 4.05 4.10 825.53 10.21 0.00 835.75 24422EUY3 JOHN DEERE CAP 2.800
07/18/29 MTN 1,500,000.00 1,451,329.89 1,452,607.32 07/18/2029 2.80 3.92 3,500.00 1,277.43 0.00 4,777.43 2546732U9 CAPITL ONE NA 5.000 03/21/28 248,000.00 247,803.83 247,812.76 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 1,241,481.83 1,242,339.12 09/01/2028 4.00 4.94 4,216.67 857.28 0.00 5,073.95 3130AQW66 FHLBANKS 2.080 02/25/27 '26 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 1,990,698.22 1,991,271.22 10/01/2027 3.50 3.89 5,833.33 573.01 0.00 6,406.34 3130AXU63 FHLBANKS 4.625 11/17/26 1,000,000.00 999,726.74 999,775.25 11/17/2026 4.63 4.69 3,854.17 48.51 0.00 3,902.67 313385H25 FHLBANKS D NOTE 09/25/26 2,000,000.00 1,976,800.00 1,982,800.00 09/25/2026 0.00 3.72 0.00 6,000.00 0.00 6,000.00 3133EN7A2 FED FARM CR BNKS 3.625
10/26/26 2,000,000.00 1,997,006.34 1,997,617.29 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 2,004,680.85 2,004,524.12 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 2,017,999.16 2,017,491.67 04/30/2029 4.75 4.40 7,916.67 (507.50) 0.00 7,409.17 3134GW6C5 FREDDIE MAC 0.800 10/28/26
'26 MTN 2,000,000.00 1,976,230.62 1,981,016.40 10/28/2026 0.80 3.79 1,333.33 4,785.78 0.00 6,119.12 316175108 FIDELITY IMM:GOVT;I 2,984,030.04 2,673,869.79 2,984,030.04 06/30/2026 3.54 3.54 8,247.44 0.00 0.00 8,247.44 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 2,003,184.87 2,002,953.52 07/19/2027 4.85 4.70 8,083.33 (231.35) 0.00 7,851.99

CITY OF SAN RAMON | JUNE 30, 2026
23 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
459058LN1 IBRD 3.875 10/16/29 MTN 1,500,000.00 1,479,222.99 1,479,728.51 10/16/2029 3.88 4.33 4,845.00 505.52 0.00 5,350.52 532457DB1 LILLY 4.000 10/15/28 '28 2,000,000.00 1,997,181.55 1,997,279.07 10/15/2028 4.00 4.06 6,666.67 97.52 0.00 6,764.19 57636QAM6 MASTERCARD 2.950 06/01/29
'29 1,500,000.00 1,459,466.90 1,460,576.38 06/01/2029 2.95 3.92 3,687.50 1,109.48 0.00 4,796.98 58933YAX3 MERCK & CO 3.400 03/07/29 '28 1,500,000.00 1,480,299.65 1,480,884.81 03/07/2029 3.40 3.91 4,250.00 585.16 0.00 4,835.16 592179KF1 METLIFE GBL FDG 5.050
01/06/28 MTN 1,158,000.00 1,157,268.53 1,157,306.11 01/06/2028 5.05 5.09 4,873.25 37.58 0.00 4,910.83 61768EE82 MORGAN PVT BNK 5.050
11/08/28 248,000.00 247,734.95 247,743.87 11/08/2028 5.05 5.05 1,029.37 8.92 0.00 1,038.29 62479MK51 MUFG BANK NY 10/05/26 2,000,000.00 1,972,630.00 1,979,146.67 10/05/2026 0.00 3.99 0.00 6,516.67 0.00 6,516.67 63873KG19 Natixis, New York Branch 0.0
07/01/2026 1,250,000.00 1,246,125.00 1,250,000.00 07/01/2026 0.00 3.79 0.00 3,875.00 0.00 3,875.00 66989HAT5 NOVARTIS CAP 3.800 09/18/29
'29 2,000,000.00 1,972,723.44 1,973,402.53 09/18/2029 3.80 4.25 6,333.33 679.08 0.00 7,012.42 67066GAE4 NVIDIA 3.200 09/16/26 '26 2,000,000.00 1,996,315.15 1,997,348.28 09/16/2026 3.20 3.84 5,333.33 1,033.14 0.00 6,366.47 713448GL6 PEPSICO 4.100 01/15/29 '28 1,500,000.00 1,509,054.63 1,508,761.91 01/15/2029 4.10 3.85 5,125.00 (292.71) 0.00 4,832.29 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 857894Q77 STEARNS BANK 4.050 08/14/28 248,000.00 247,863.35 247,868.44 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 1,645,346.87 1,645,438.59 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 1,000,000.00 994,422.90 994,774.40 09/20/2027 4.55 5.02 3,791.67 351.50 0.00 4,143.16 90355GHQ2 UBS USA 5.000 11/08/28 248,000.00 247,732.53 247,741.54 11/08/2028 5.00 5.05 1,019.18 9.01 0.00 1,028.18 91159HHR4 US BANCORP 3.150 04/27/27
'27 MTN 2,000,000.00 1,984,625.66 1,986,023.32 04/27/2027 3.15 4.02 5,250.00 1,397.67 0.00 6,647.67 9128283F5 US TREASURY 2.250 11/15/27 2,000,000.00 1,941,049.28 1,944,373.57 11/15/2027 2.25 4.50 3,668.48 3,324.29 0.00 6,992.77 9128283W8 US TREASURY 2.750 02/15/28 1,250,000.00 1,235,438.31 1,236,138.39 02/15/2028 2.75 3.46 2,848.76 700.08 0.00 3,548.84 912828U24 US TREASURY 2.000 11/15/26 2,000,000.00 2,000,352.06 2,000,288.81 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 1,973,708.97 1,975,975.44 05/15/2027 2.38 3.88 3,872.28 2,266.47 0.00 6,138.75 91282CCW9 US TREASURY 0.750 08/31/26 1,000,000.00 999,890.12 999,926.34 08/31/2026 0.75 0.80 611.41 36.22 0.00 647.64 91282CCZ2 US TREASURY 0.875 09/30/26 1,000,000.00 999,355.14 999,515.02 09/30/2026 0.88 1.08 717.21 159.88 0.00 877.10 91282CDG3 US TREASURY 1.125 10/31/26 2,000,000.00 1,994,808.32 1,995,832.99 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 1,480,975.06 1,481,455.89 08/31/2029 3.13 3.55 3,821.33 480.83 0.00 4,302.16 91282CFL0 US TREASURY 3.875 09/30/29 1,600,000.00 1,580,771.67 1,581,245.67 09/30/2029 3.88 4.28 5,081.97 473.99 0.00 5,555.96 91282CFU0 US TREASURY 4.125 10/31/27 2,000,000.00 1,997,613.57 1,997,752.05 10/31/2027 4.13 4.22 6,725.54 138.48 0.00 6,864.02

CITY OF SAN RAMON | JUNE 30, 2026
24 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
91282CFY2 US TREASURY 3.875 11/30/29 2,000,000.00 1,986,775.66 1,987,086.09 11/30/2029 3.88 4.08 6,352.46 310.43 0.00 6,662.89 91282CGB1 US TREASURY 3.875 12/31/29 2,000,000.00 1,997,986.02 1,998,032.18 12/31/2029 3.88 3.90 6,419.16 46.16 0.00 6,465.32 91282CGJ4 US TREASURY 3.500 01/31/30 2,000,000.00 1,985,392.44 1,985,719.48 01/31/2030 3.50 3.72 5,801.10 327.03 0.00 6,128.14 91282CGQ8 US TREASURY 4.000 02/28/30 2,000,000.00 1,994,201.53 1,994,328.69 02/28/2030 4.00 4.08 6,521.74 127.16 0.00 6,648.90 91282CHX2 US TREASURY 4.375 08/31/28 2,000,000.00 1,994,565.70 1,994,764.04 08/31/2028 4.38 4.51 7,133.15 198.33 0.00 7,331.48 91282CJA0 US TREASURY 4.625 09/30/28 2,000,000.00 2,023,171.79 2,022,355.88 09/30/2028 4.63 4.07 7,581.97 (815.91) 0.00 6,766.06 91282CJA0 US TREASURY 4.625 09/30/28 2,000,000.00 2,008,315.94 2,008,023.13 09/30/2028 4.63 4.43 7,581.97 (292.81) 0.00 7,289.15 91282CJP7 US TREASURY 4.375 12/15/26 2,000,000.00 2,009,127.00 2,007,737.10 12/15/2026 4.38 3.51 7,190.52 (1,389.90) 0.00 5,800.62 91282CJQ5 US TREASURY 3.750 12/31/30 1,750,000.00 1,745,922.19 1,745,995.27 12/31/2030 3.75 3.81 5,435.58 73.08 0.00 5,508.66 91282CJR3 US TREASURY 3.750 12/31/28 1,150,000.00 1,139,161.60 1,139,506.04 12/31/2028 3.75 4.15 3,571.95 344.44 0.00 3,916.39 91282CJW2 US TREASURY 4.000 01/31/29 1,200,000.00 1,195,556.23 1,195,692.96 01/31/2029 4.00 4.15 3,977.90 136.73 0.00 4,114.63 91282CKE0 US TREASURY 4.250 03/15/27 2,000,000.00 2,007,100.27 2,006,358.08 03/15/2027 4.25 3.78 6,929.35 (742.19) 0.00 6,187.16 91282CLC3 US TREASURY 4.000 07/31/29 1,500,000.00 1,493,632.81 1,493,798.05 07/31/2029 4.00 4.15 4,972.38 165.24 0.00 5,137.61 91282CLG4 US TREASURY 3.750 08/15/27 1,250,000.00 1,254,179.56 1,253,894.59 08/15/2027 3.75 3.46 3,884.67 (284.97) 0.00 3,599.70 91282CLL3 US TREASURY 3.375 09/15/27 2,000,000.00 1,985,326.87 1,986,261.47 09/15/2027 3.38 3.96 5,502.72 934.59 0.00 6,437.31 91282CLR0 US TREASURY 4.125 10/31/29 1,600,000.00 1,593,224.85 1,593,387.71 10/31/2029 4.13 4.26 5,380.43 162.86 0.00 5,543.30 91282CMB4 US TREASURY 4.000 12/15/27 1,250,000.00 1,260,077.35 1,259,539.41 12/15/2027 4.00 3.45 4,108.87 (537.94) 0.00 3,570.93 91282CMU2 US TREASURY 4.000 03/31/30 2,000,000.00 1,993,130.61 1,993,277.92 03/31/2030 4.00 4.10 6,557.38 147.31 0.00 6,704.68 91282CNH0 US TREASURY 3.875 06/15/28 1,250,000.00 1,259,553.54 1,259,168.84 06/15/2028 3.88 3.48 3,980.47 (384.71) 0.00 3,595.76 91282CNN7 US TREASURY 3.875 07/31/30 1,750,000.00 1,757,340.88 1,757,196.09 07/31/2030 3.88 3.76 5,619.82 (144.79) 0.00 5,475.03 91282CPA3 US TREASURY 3.625 09/30/30 1,750,000.00 1,739,210.94 1,739,415.53 09/30/2030 3.63 3.78 5,199.80 204.60 0.00 5,404.39 91282CPD7 US TREASURY 3.625 10/31/30 1,750,000.00 1,738,433.43 1,738,648.56 10/31/2030 3.63 3.79 5,171.54 215.13 0.00 5,386.66 91282CPN5 US TREASURY 3.500 11/30/30 1,750,000.00 1,729,064.34 1,729,446.61 11/30/2030 3.50 3.79 5,020.49 382.27 0.00 5,402.76 931142FN8 WALMART 4.350 04/28/30 '30 1,500,000.00 1,501,118.21 1,501,094.18 04/28/2030 4.35 4.33 5,437.50 (24.03) 0.00 5,413.47 949764HK3 WELLS FARGO BANK 5.050
11/07/28 248,000.00 247,732.83 247,741.84 11/07/2028 5.05 5.10 1,029.37 9.01 0.00 1,038.37 CALAIF California LAIF 15,700,576.11 9,200,576.11 15,700,576.11 06/30/2026 0.00 3.81 0.00 0.00 0.00 0.00 TOTAL 128,785,606.15 121,312,826.02 128,170,548.00 2.97 3.89 314,029.97 47,561.73 0.00 361,591.70

CITY OF SAN RAMON | JUNE 30, 2026
25 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
GRAND TOTAL 128,785,606.15 121,312,826.02 128,170,548.00 2.97 3.89 314,029.97 47,561.73 0.00 361,591.70

CITY OF SAN RAMON | JUNE 30, 2026
26 Transaction Statement

NO ACTIVITY

DURING CURRENT
PERIOD

CITY OF SAN RAMON | JUNE 30, 2026
27 Income/Dividend Received

IDENTIFIER DESCRIPTION PAYMENT DATE POST DATE

INTEREST/DIVIDENDS

RECEIVED

US BANK
316175108 FIDELITY IMM:GOVT;I 05/29/2026 06/01/2026 16,177.13 57636QAM6 MASTERCARD 2.950 06/01/29 '29 06/01/2026 06/01/2026 22,125.00 91282CFY2 US TREASURY 3.875 11/30/29 05/31/2026 06/01/2026 38,750.00 91282CPN5 US TREASURY 3.500 11/30/30 05/31/2026 06/01/2026 30,625.00 108622PJ4 BRIDGEWATER BANK 5.100 11/03/26 06/03/2026 06/03/2026 1,074.21 023135BS4 AMAZON.COM 1.500 06/03/30 '30 06/03/2026 06/03/2026 11,250.00 90355GHQ2 UBS USA 5.000 11/08/28 06/08/2026 06/08/2026 1,053.15 949764HK3 WELLS FARGO BANK 5.050 11/07/28 06/07/2026 06/08/2026 1,063.68 32114VCH8 FIRST BK MCH 4.600 03/15/28 06/15/2026 06/15/2026 968.90 91282CJP7 US TREASURY 4.375 12/15/26 06/15/2026 06/15/2026 43,750.00 91282CMB4 US TREASURY 4.000 12/15/27 06/15/2026 06/15/2026 25,000.00 91282CNH0 US TREASURY 3.875 06/15/28 06/15/2026 06/15/2026 24,218.75 062119BK7 BANK FIVE 4.650 03/20/28 06/20/2026 06/22/2026 979.43 91282CGB1 US TREASURY 3.875 12/31/29 06/30/2026 06/30/2026 38,750.00 91282CJR3 US TREASURY 3.750 12/31/28 06/30/2026 06/30/2026 21,562.50 91282CJQ5 US TREASURY 3.750 12/31/30 06/30/2026 06/30/2026 32,812.50 US BANK - TOTAL 310,160.25
TOTAL 310,160.25

CITY OF SAN RAMON | JUNE 30, 2026
28 Contribution/Withdrawals and Expenses

No activity during current period

CITY OF SAN RAMON | JUNE 30, 2026
29 CUSIP DESCRIPTION POST DATE AMOUNT
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
713448GL6 PEPSICO 4.100 01/15/29 '28 07/15/2026 30,750.00 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
24422EUY3 JOHN DEERE CAP 2.800 07/18/29 MTN 07/20/2026 21,000.00 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 91282CGJ4 US TREASURY 3.500 01/31/30 07/31/2026 35,000.00 91282CNN7 US TREASURY 3.875 07/31/30 07/31/2026 33,906.25 91282CLC3 US TREASURY 4.000 07/31/29 07/31/2026 30,000.00 JUL 2026 TOTAL 257,369.34
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 91282CLG4 US TREASURY 3.750 08/15/27 08/17/2026 23,437.50 9128283W8 US TREASURY 2.750 02/15/28 08/17/2026 17,187.50 062119BK7 BANK FIVE 4.650 03/20/28 08/20/2026 979.43
3130AQW66 FHLBANKS 2.080 02/25/27 '26 08/25/2026 10,400.00 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 July 01, 2026 to June 30, 2027

CITY OF SAN RAMON | JUNE 30, 2026
30 CUSIP DESCRIPTION POST DATE AMOUNT
91282CCW9 US TREASURY 0.750 08/31/26 08/31/2026 73.66
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 210,458.52
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
22533UJ87 CREDIT AGRI NY 09/08/26 09/08/2026 8,744.79
949764HK3 WELLS FARGO BANK 5.050 11/07/28 09/08/2026 1,063.68 58933YAX3 MERCK & CO 3.400 03/07/29 '28 09/08/2026 25,500.00 91282CKE0 US TREASURY 4.250 03/15/27 09/15/2026 42,500.00 32114VCH8 FIRST BK MCH 4.600 03/15/28 09/15/2026 968.90 91282CLL3 US TREASURY 3.375 09/15/27 09/15/2026 33,750.00 67066GAE4 NVIDIA 3.200 09/16/26 '26 09/16/2026 2,651.72 67066GAE4 NVIDIA 3.200 09/16/26 '26 09/16/2026 32,000.00 66989HAT5 NOVARTIS CAP 3.800 09/18/29 '29 09/18/2026 38,000.00 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 313385H25 FHLBANKS D NOTE 09/25/26 09/25/2026 17,200.00 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 484.98
91282CCZ2 US TREASURY 0.875 09/30/26 09/30/2026 4,375.00 91282CPA3 US TREASURY 3.625 09/30/30 09/30/2026 31,718.75 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 459,865.57
3130AUSN5 FHLBANKS 3.500 10/01/27 10/01/2026 35,000.00
Projected Cash Flows
For the Period July 01, 2026 to June 30, 2027

CITY OF SAN RAMON | JUNE 30, 2026
31 CUSIP DESCRIPTION POST DATE AMOUNT
108622PJ4 BRIDGEWATER BANK 5.100 11/03/26 10/05/2026 1,039.56 62479MK51 MUFG BANK NY 10/05/26 10/05/2026 20,853.33
949764HK3 WELLS FARGO BANK 5.050 11/07/28 10/07/2026 1,029.37 90355GHQ2 UBS USA 5.000 11/08/28 10/08/2026 1,019.18
12547CAX6 CIBC BANK 4.450 04/13/28 10/14/2026 5,533.12
532457DB1 LILLY 4.000 10/15/28 '28 10/15/2026 40,000.00 32114VCH8 FIRST BK MCH 4.600 03/15/28 10/15/2026 937.64 459058LN1 IBRD 3.875 10/16/29 MTN 10/16/2026 29,062.50
062119BK7 BANK FIVE 4.650 03/20/28 10/20/2026 947.84
06051GGA1 BOFAML 3.248 10/21/27 '26 MTN 10/21/2026 16,240.00 3133EN7A2 FED FARM CR BNKS 3.625 10/26/26 10/26/2026 36,250.00 3133EN7A2 FED FARM CR BNKS 3.625 10/26/26 10/26/2026 2,382.71 91159HHR4 US BANCORP 3.150 04/27/27 '27 MTN 10/27/2026 31,500.00 3134GW6C5 FREDDIE MAC 0.800 10/28/26 '26 MTN 10/28/2026 18,983.60 931142FN8 WALMART 4.350 04/28/30 '30 10/28/2026 32,625.00 3134GW6C5 FREDDIE MAC 0.800 10/28/26 '26 MTN 10/28/2026 8,000.00 3133ERDH1 FED FARM CR BNKS 4.750 04/30/29 10/30/2026 47,500.00 91282CDG3 US TREASURY 1.125 10/31/26 10/31/2026 4,167.01 OCT 2026 TOTAL 333,070.85
91282CFU0 US TREASURY 4.125 10/31/27 11/02/2026 41,250.00 91282CPD7 US TREASURY 3.625 10/31/30 11/02/2026 31,718.75 91282CDG3 US TREASURY 1.125 10/31/26 11/02/2026 11,250.00 91282CLR0 US TREASURY 4.125 10/31/29 11/02/2026 33,000.00 108622PJ4 BRIDGEWATER BANK 5.100 11/03/26 11/03/2026 1,074.21 108622PJ4 BRIDGEWATER BANK 5.100 11/03/26 11/03/2026 42.60 949764HK3 WELLS FARGO BANK 5.050 11/07/28 11/09/2026 1,063.68 61768EE82 MORGAN PVT BNK 5.050 11/08/28 11/09/2026 6,313.47 90355GHQ2 UBS USA 5.000 11/08/28 11/09/2026 1,053.15
Projected Cash Flows
For the Period July 01, 2026 to June 30, 2027

CITY OF SAN RAMON | JUNE 30, 2026
32 CUSIP DESCRIPTION POST DATE AMOUNT
037833EZ9 APPLE 4.200 05/12/30 '30 11/12/2026 31,500.00 3133EPC45 FED FARM CR BNKS 4.625 11/13/28 11/13/2026 46,250.00 912828U24 US TREASURY 2.000 11/15/26 11/15/2026 (288.81) 912828X88 US TREASURY 2.375 05/15/27 11/16/2026 23,750.00 9128283F5 US TREASURY 2.250 11/15/27 11/16/2026 22,500.00 02079KAK3 ALPHABET 4.000 05/15/30 '30 11/16/2026 30,000.00 912828U24 US TREASURY 2.000 11/15/26 11/16/2026 20,000.00 32114VCH8 FIRST BK MCH 4.600 03/15/28 11/16/2026 968.90 14913UAS9 CTRPLLR FIN SERV 4.600 11/15/27 MTN 11/16/2026 46,000.00 3130AXU63 FHLBANKS 4.625 11/17/26 11/17/2026 23,125.00
3130AXU63 FHLBANKS 4.625 11/17/26 11/17/2026 224.75
062119BK7 BANK FIVE 4.650 03/20/28 11/20/2026 979.43
91282CPN5 US TREASURY 3.500 11/30/30 11/30/2026 30,625.00 91282CFY2 US TREASURY 3.875 11/30/29 11/30/2026 38,750.00 NOV 2026 TOTAL 441,150.13
57636QAM6 MASTERCARD 2.950 06/01/29 '29 12/01/2026 22,125.00 22533UM26 CREDIT AGRI NY 12/02/26 12/02/2026 16,298.33
023135BS4 AMAZON.COM 1.500 06/03/30 '30 12/03/2026 11,250.00 949764HK3 WELLS FARGO BANK 5.050 11/07/28 12/07/2026 1,029.37 90355GHQ2 UBS USA 5.000 11/08/28 12/08/2026 1,019.18
91282CJP7 US TREASURY 4.375 12/15/26 12/15/2026 43,750.00 91282CNH0 US TREASURY 3.875 06/15/28 12/15/2026 24,218.75 91282CMB4 US TREASURY 4.000 12/15/27 12/15/2026 25,000.00 91282CJP7 US TREASURY 4.375 12/15/26 12/15/2026 (7,737.10) 32114VCH8 FIRST BK MCH 4.600 03/15/28 12/15/2026 937.64 062119BK7 BANK FIVE 4.650 03/20/28 12/21/2026 947.84
91282CJQ5 US TREASURY 3.750 12/31/30 12/31/2026 32,812.50 91282CGB1 US TREASURY 3.875 12/31/29 12/31/2026 38,750.00 Projected Cash Flows
For the Period July 01, 2026 to June 30, 2027

CITY OF SAN RAMON | JUNE 30, 2026
33 CUSIP DESCRIPTION POST DATE AMOUNT
91282CJR3 US TREASURY 3.750 12/31/28 12/31/2026 21,562.50 DEC 2026 TOTAL 231,964.01
592179KF1 METLIFE GBL FDG 5.050 01/06/28 MTN 01/06/2027 29,239.50 949764HK3 WELLS FARGO BANK 5.050 11/07/28 01/07/2027 1,063.68 90355GHQ2 UBS USA 5.000 11/08/28 01/08/2027 1,053.15
713448GL6 PEPSICO 4.100 01/15/29 '28 01/15/2027 30,750.00 32114VCH8 FIRST BK MCH 4.600 03/15/28 01/15/2027 968.90 45818WFN1 IDB 4.850 07/19/27 MTN 01/19/2027 48,500.00
24422EUY3 JOHN DEERE CAP 2.800 07/18/29 MTN 01/19/2027 21,000.00 062119BK7 BANK FIVE 4.650 03/20/28 01/20/2027 979.43
JAN 2027 TOTAL 133,554.66
91282CJW2 US TREASURY 4.000 01/31/29 02/01/2027 24,000.00 91282CGJ4 US TREASURY 3.500 01/31/30 02/01/2027 35,000.00 91282CNN7 US TREASURY 3.875 07/31/30 02/01/2027 33,906.25 880591FE7 TVA 3.875 08/01/30 02/01/2027 31,968.75
91282CLC3 US TREASURY 4.000 07/31/29 02/01/2027 30,000.00 949764HK3 WELLS FARGO BANK 5.050 11/07/28 02/08/2027 1,063.68 90355GHQ2 UBS USA 5.000 11/08/28 02/08/2027 1,053.15
9128283W8 US TREASURY 2.750 02/15/28 02/16/2027 17,187.50 32114VCH8 FIRST BK MCH 4.600 03/15/28 02/16/2027 968.90 91282CLG4 US TREASURY 3.750 08/15/27 02/16/2027 23,437.50 23204HQA9 CUSTOMERS BANK 4.050 08/13/27 02/16/2027 5,063.28 857894Q77 STEARNS BANK 4.050 08/14/28 02/16/2027 5,063.28 062119BK7 BANK FIVE 4.650 03/20/28 02/22/2027 979.43
3130AQW66 FHLBANKS 2.080 02/25/27 '26 02/25/2027 10,400.00 FEB 2027 TOTAL 220,091.72
3130A07B0 FHLBANKS 4.000 09/01/28 03/01/2027 25,300.00
91282CHX2 US TREASURY 4.375 08/31/28 03/01/2027 43,750.00 Projected Cash Flows
For the Period July 01, 2026 to June 30, 2027

CITY OF SAN RAMON | JUNE 30, 2026
34 CUSIP DESCRIPTION POST DATE AMOUNT
91282CGQ8 US TREASURY 4.000 02/28/30 03/01/2027 40,000.00 91282CFJ5 US TREASURY 3.125 08/31/29 03/01/2027 23,437.50 90355GHQ2 UBS USA 5.000 11/08/28 03/08/2027 951.23
58933YAX3 MERCK & CO 3.400 03/07/29 '28 03/08/2027 25,500.00 949764HK3 WELLS FARGO BANK 5.050 11/07/28 03/08/2027 960.75 91282CKE0 US TREASURY 4.250 03/15/27 03/15/2027 42,500.00 91282CLL3 US TREASURY 3.375 09/15/27 03/15/2027 33,750.00 91282CKE0 US TREASURY 4.250 03/15/27 03/15/2027 (6,358.08) 32114VCH8 FIRST BK MCH 4.600 03/15/28 03/15/2027 875.13 66989HAT5 NOVARTIS CAP 3.800 09/18/29 '29 03/18/2027 38,000.00 89236TKJ3 TOYOTA MOTOR CRD 4.550 09/20/27 MTN 03/22/2027 22,750.00 2546732U9 CAPITL ONE NA 5.000 03/21/28 03/22/2027 6,149.04 062119BK7 BANK FIVE 4.650 03/20/28 03/22/2027 884.65
91282CPA3 US TREASURY 3.625 09/30/30 03/31/2027 31,718.75 91282CMU2 US TREASURY 4.000 03/31/30 03/31/2027 40,000.00 91282CJA0 US TREASURY 4.625 09/30/28 03/31/2027 92,500.00 91282CFL0 US TREASURY 3.875 09/30/29 03/31/2027 31,000.00 MAR 2027 TOTAL 493,668.97
3130AUSN5 FHLBANKS 3.500 10/01/27 04/01/2027 35,000.00
949764HK3 WELLS FARGO BANK 5.050 11/07/28 04/07/2027 1,063.68 90355GHQ2 UBS USA 5.000 11/08/28 04/08/2027 1,053.15
12547CAX6 CIBC BANK 4.450 04/13/28 04/14/2027 5,502.88
32114VCH8 FIRST BK MCH 4.600 03/15/28 04/15/2027 968.90 532457DB1 LILLY 4.000 10/15/28 '28 04/15/2027 40,000.00 459058LN1 IBRD 3.875 10/16/29 MTN 04/16/2027 29,062.50
062119BK7 BANK FIVE 4.650 03/20/28 04/20/2027 979.43
06051GGA1 BOFAML 3.248 10/21/27 '26 MTN 04/21/2027 16,240.00 91159HHR4 US BANCORP 3.150 04/27/27 '27 MTN 04/27/2027 31,500.00 Projected Cash Flows
For the Period July 01, 2026 to June 30, 2027

CITY OF SAN RAMON | JUNE 30, 2026
35 CUSIP DESCRIPTION POST DATE AMOUNT
91159HHR4 US BANCORP 3.150 04/27/27 '27 MTN 04/27/2027 13,976.68 931142FN8 WALMART 4.350 04/28/30 '30 04/28/2027 32,625.00 91282CLR0 US TREASURY 4.125 10/31/29 04/30/2027 33,000.00 3133ERDH1 FED FARM CR BNKS 4.750 04/30/29 04/30/2027 47,500.00 91282CFU0 US TREASURY 4.125 10/31/27 04/30/2027 41,250.00 91282CPD7 US TREASURY 3.625 10/31/30 04/30/2027 31,718.75 APR 2027 TOTAL 361,440.97
949764HK3 WELLS FARGO BANK 5.050 11/07/28 05/07/2027 1,029.37 90355GHQ2 UBS USA 5.000 11/08/28 05/10/2027 1,019.18
61768EE82 MORGAN PVT BNK 5.050 11/08/28 05/10/2027 6,210.53 037833EZ9 APPLE 4.200 05/12/30 '30 05/12/2027 31,500.00 3133EPC45 FED FARM CR BNKS 4.625 11/13/28 05/13/2027 46,250.00 912828X88 US TREASURY 2.375 05/15/27 05/15/2027 24,024.56 912828X88 US TREASURY 2.375 05/15/27 05/17/2027 23,750.00 9128283F5 US TREASURY 2.250 11/15/27 05/17/2027 22,500.00 02079KAK3 ALPHABET 4.000 05/15/30 '30 05/17/2027 30,000.00 14913UAS9 CTRPLLR FIN SERV 4.600 11/15/27 MTN 05/17/2027 46,000.00 32114VCH8 FIRST BK MCH 4.600 03/15/28 05/17/2027 937.64 062119BK7 BANK FIVE 4.650 03/20/28 05/20/2027 947.84
MAY 2027 TOTAL 234,169.12
91282CPN5 US TREASURY 3.500 11/30/30 06/01/2027 30,625.00 91282CFY2 US TREASURY 3.875 11/30/29 06/01/2027 38,750.00 57636QAM6 MASTERCARD 2.950 06/01/29 '29 06/01/2027 22,125.00 023135BS4 AMAZON.COM 1.500 06/03/30 '30 06/03/2027 11,250.00 949764HK3 WELLS FARGO BANK 5.050 11/07/28 06/07/2027 1,063.68 90355GHQ2 UBS USA 5.000 11/08/28 06/08/2027 1,053.15
32114VCH8 FIRST BK MCH 4.600 03/15/28 06/15/2027 968.90 91282CMB4 US TREASURY 4.000 12/15/27 06/15/2027 25,000.00 Projected Cash Flows
For the Period July 01, 2026 to June 30, 2027

CITY OF SAN RAMON | JUNE 30, 2026
36 CUSIP DESCRIPTION POST DATE AMOUNT
91282CNH0 US TREASURY 3.875 06/15/28 06/15/2027 24,218.75 062119BK7 BANK FIVE 4.650 03/20/28 06/21/2027 979.43
91282CJQ5 US TREASURY 3.750 12/31/30 06/30/2027 32,812.50 91282CGB1 US TREASURY 3.875 12/31/29 06/30/2027 38,750.00 91282CJR3 US TREASURY 3.750 12/31/28 06/30/2027 21,562.50 JUN 2027 TOTAL 249,158.91
GRAND TOTAL 3,625,962.77
Projected Cash Flows
For the Period July 01, 2026 to June 30, 2027

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.

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Disclosure

City of San Ramon
Investment Report - Supplementary Information
Investments Held by Trustees at June 30, 2026
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 1,913,791.00 1,913,790.00 2010 POB Computershare Money Market 1,103.44 1,103.44 2010 POB
Computershare Money Market 0.18 0.18 2010 POB
Computershare Money Market 472,908.47 472,908.47 2010 POB Computershare Money Market - - 2010 POB
Dreyfus Govt Cash Mgmt X9USDYRUT 3.44% n/a 430.79 430.79 2019 COP Dreyfus Govt Cash Mgmt X9USDYRUT 3.38% n/a 2.66 2.66 2019 COP $ 2,388,238.28 $ 2,388,237.28

ATTACHMENT C

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.

ATTACHMENT D

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.