City Council and Authorities Concurrent
May 19, 2026

Transfer to Electric Utility
Fund
(11,089,383) Decreases the transfer to the Electric Utility Fund from Greenhouse Gas revenue to pay for renewable power
purchase under resource and production expenses.

Transfer to Electric Utility
Fund
28,000,000 Increases the transfer to the Electric Utility Fund from Public Benefits Charges to pay for renewable power purchase under resource and production expenses.

Transfer to Streets and
Highways Capital Fund
Increases the transfer to the Streets and Highway Capital 1,328,704 Fund for the Cupertino-Santa Clara On-Demand Shuttle CIP Project #1288.

Beginning and Ending Fund
Balance - Public Benefits
5,449,406 (28,111,116) Adjusts the beginning and ending fund balances for Public Benefits based on anticipated fund activity.

Beginning and Ending Fund
Balance - Low Carbon Fuel (933,773) (2,078,460) Adjusts the beginning and ending fund balances for Low Carbon Fuel based on anticipated fund activity.

Beginning and Ending Fund
Balance - Greenhouse Gas
(2,646,675) Adjusts the beginning and ending fund balances for 5,241,016 Greenhouse Gas based on anticipated fund activity.

Total Electric Operating
Grant Trust Fund
(50,674) (50,674)
Category
Source of
Funds
Use of
Funds Explanation
Customer Service Charge 57,245,926 Increases the revenue to reflect the updated load forecast based on historical load and anticipated growth.

Interest 4,519,109 Increases interest and investment income estimate based on updated forecasted interest rates and projected cash on hand.

Electric Operating Grant Trust Fund (191) Cont'd.

Electric Utility Fund (091)
618
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Wholesale and Restricted
Revenue
(34,721,877) Decreases in revenue to reflect the following: decreases in Capacity Sales ($35.1 M) and Congestion Rights ($0.7 M) revenues, and an increase in Renewable Energy Credit
($1.1 M) revenue.

Other Revenue 6,735,000 Increase in revenue for anticipated insurance payments to help partially cover the rental of an engine for the Donald Von Raesfeld (DVR) power plant.

Other Revenue (363,080) Decrease in revenue based on anticipated participation in the Large Customer Renewable Energy (LCRE) program.

Transfer from Electric
Operating Grant Trust Fund
16,910,617 Increases the transfer from the Electric Operating Grant Trust Fund to pay for resources and production costs to purchase renewable power.

Electric Department - Total
Salary and Benefits
Increases personnel costs to reflect updated salary and 1,033,561 benefit costs based on negotiated salary agreements,
required contributions to the Public Employees Retirement System (PERS), the latest benefit costs, and actual
incumbents. This includes the addition of 1.0 Management Analyst to assist with Engineering division and 1.0 Key Customer Representative in the Key Accounts group to
provide customer support. This also includes the additional cost for 1.0 Management Analyst in the Finance Business Services Group and 5.0 FTEs in the new SVP Purchasing
program in Finance which shifted positions to the Finance Department as part of a restructure to provide support to the Electric Department and are charged directly to the Electric Utility Fund. Lastly, this includes $830,000 set aside for recommended position adds that will be identified in the Electric department organizational review report that is anticipated to be brought forward during FY 2026/27.

Electric Department -
Interfund Services and
Services From Other Funds -
Cost Allocation Plan
Reflects updated costs for interfund services (Information (349,676) Technology Department services, special liability fund, workers' compensation, vehicle equipment and
maintenance, fleet purchases, and communications
equipment) and the Cost Allocation Plan.

Electric Utility Fund (091) Cont'd.
619
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Electric Department -
Materials/Services/Supplies
(City Sponsored Events
through Parks and
Recreation)
Increases the Materials/Services/Supplies budget for 59,000 sponsoring City events. RTC 26-71 approved by Council on February 10, 2026, provided funding options for the Fourth of July Celebration that included sponsorship from SVP. This action increases the currently budgeted amount for
sponsorships from SVP for a total amount of $140,000;
$75,000 for Fourth of July, $5,000 for Street Dance, $30,000 for Art and Wine Festival, $10,000 for Children's Halloween Party, and $20,000 for Holiday Tree Lighting.

Electric Department -
Materials/Services/Supplies
(Insurance Costs)
Increases the directly budgeted insurance costs for SVP 279,646 Property, Grizzly (Earthquake only), Terrorism, Deadly
Weapons, and Grizzly Special Liability based on the latest insurance estimates.

Electric Department -
Materials/Services/Supplies
(System Support Contracts)
Increases the Materials/Services/Supplies budget one-time 297,930 in the amount of $181,120 for Siemens AMI System Support (On-Prem). Also increases the budget for various system support contracts, $56,650 added for Honeywell annual
maintenance agreement, $35,000 added for Spatial
Business Systems SBS, $22,160 added for Cascade
Software Pole Maintenance with DNV for compliance
requirements, and $3,000 increase for General Electric
Perpetual Software License.

Electric Department -
Materials/Services/Supplies
(Modeling Software
Replacement)
Increases the Materials/Services/Supplies budget one-time 100,000 to implement a replacement software for load and resource modeling.

Electric Department -
Materials/Services/Supplies
(Settlement System
Replacement)
Increases the Materials/Services/Supplies budget for a new 195,100 back office support and market settlement system that can handle higher amounts and more complex resources. Offset by reductions to subscriptions no longer in use for a total net change of $195,100.

Electric Department -
Materials/Services/Supplies
Net increase of $14,200 which includes: increase of $13,200 14,200 to add non-personnel for IT equipment for added 3.0 FTEs, and a net increase of $1,000 for conference travel and
training for Engineering and Purchasing offset by decreases to as-needed salaries costs.

Electric Utility Fund (091) Cont'd.
620
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Electric Department -
Materials/Services/Supplies
(NCPA Costs)
Increases costs for Northern California Power Agency 1,518,000 (NCPA) Legislative & Regulatory, Power Management,
Judicial Action, and Pass Through Costs for BAMx
Consulting from $6.5 million to $8.0 million based on the latest estimates provided by NCPA.

Electric Department -
Materials/Services/Supplies
(Engine Rental)
Increases the Generation budget to rent an engine for 8,580,000 Donald Von Raesfeld (DVR) power plant for one year. With the catastrophic failure of an engine in August 2025, renting an engine is needed continued operations and reliability until replacements are secured. Insurance reimbursements of
$6,735,000 are anticipated to help offset the rental costs.

Electric Department -
Contribution In-Lieu
Increases contribution in-lieu funding to the General Fund 2,756,495 based on a revised revenue forecast.

Electric Department -
Resources and Production
12,882,637 Increases the budget for resources and production costs reflecting the updated forecast primarily due to net increases in market purchases/Sales/Power Purchase Agreements
(+$43.3 million) based on forecasted load, generation output, and forecasted power market price; increases in
Transmission Access Charges (TAC) (+$2.6 million) based on updated TAC rates published by CASIO combined with
updated sales estimate; decreases in net expense
associated with other market transactions (-$27.5 million) such as ancillary services, resource adequacy, and
renewable energy credits; decreases in fuel and generation costs (-$10.9 million) based on fixed price gas contracts, projected usage, and forecasted market prices; and increase in other expenditures (+$5.4 million) such as operating costs associated with jointly owned resources.

Transfer to the General Fund Establishes a transfer to the General Fund to fund the 225,120 addition of 1.0 Management Analyst position in the Human Resources Department to be dedicated to the Electric Utility Department's recruitment efforts.

Transfer to the General
Government Capital Fund
Decreases the transfer to the General Government Capital (401,234) Fund to reflect the updated cost for capital projects
programmed in the FY 2026/27 proposed capital budget.

Transfer to the Electric Utility
Capital Fund
67,710,832 Increases the transfer to the Electric Utility Capital Fund to reflect the updated cost for capital projects programmed in the FY 2026/27 proposed capital budget.

Electric Utility Fund (091) Cont'd.
621
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Transfer to the Public
Buildings Capital Fund
Increases the transfer to the Public Buildings Capital Fund to 56,050 reflect the updated cost for capital projects programmed in the FY 2026/27 proposed capital budget.

Transfer to the Street Lighting
Capital Fund
Increases the transfer to the Street Lighting Capital Fund to 7,522,000 reflect the updated cost for capital projects programmed in the FY 2026/27 proposed capital budget.

Transfer to the Electric Debt
Service Fund
Increases the transfer to the Debt Service Fund to reflect 700,000 carrying cost for the a line of credit to fund capital projects.

Beginning and Ending Fund
Balance - Infrastructure
Reserve
11,000,000 Adjusts the Infrastructure Reserve balances based on 3,000,000 anticipated fund activity.

Beginning and Ending Fund
Balance - Operations and
Maintenance Reserve
(20,842,000) (43,000,000) Adjusts the Operations and Maintenance Reserve balances based on anticipated fund activity.

Beginning and Ending Fund
Balance - Pension Trust
Reserve
1,965,365 Adjusts the Pension Trust Reserve balances based on 1,045,000 anticipated contributions.

Ending Fund Balance - Rate
Stabilization Reserve
Adjusts the Rate Stabilization Reserve ending fund balance 6,000,000 based on anticipated contributions.

Beginning and Ending Fund
Balance - Grizzly Project and
Tie Line Reserve
9,584,897 12,000,000 Adjusts the Grizzly Project and Tie Line Reserve balances based on anticipated fund activity.

Beginning Fund Balance -
Trading Restricted Reserve
(1,120,215) Adjusts the Trading Restricted Reserve beginning fund balance based on anticipated fund activity.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
(2,565,380) (33,876,299) Adjusts the beginning and ending fund balances based on anticipated fund activity.

Total Electric Utility Fund 48,348,362 48,348,362
Category
Source of
Funds
Use of
Funds Explanation
Charges for Services 1,310,500 Increases the Charges for Services estimate to reflect anticipated activity.

Electric Utility Fund (091) Cont'd.

Sewer Utility Fund (094)
622
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
(107,011) Decreases personnel costs to reflect updated salary and benefit costs based on negotiated salary agreements,
required contributions to the Public Employees Retirement System (PERS), the latest benefit costs, and actual
incumbents.
152,270 Increases the right of way rental expense allocation to reflect anticipated activity in the Sewer Utility.
(486,634) Reflects updated costs for interfund services (Information Technology Department services, special liability fund, workers' compensation, vehicle equipment and maintenance, fleet purchases, and communications equipment) and the
Cost Allocation Plan.
1,462,100 Increases the resource/production allocation to reflect anticipated activity in the Sewer Utility.
(47,144) Decreases the transfer to the General Government Capital Fund to reflect the updated cost for capital projects
programmed in the FY 2026/27 proposed capital budget.
14,525 Establishes a transfer to the Public Buildings Capital Fund to reflect the updated cost for capital projects programmed in the FY 2026/27 proposed capital budget.
506,376 Establishes a transfer to the PW CIP Management Fund to based on updated capital project management activity.
(5,079,168) Decreases the transfer to the Sewer Utility Capital Fund to reflect the updated cost for capital projects programmed in the FY 2026/27 proposed capital budget. This primarily
reflects a reduction in the transfer necessary to support the S.J. - S.C. Regional Wastewater Facility project.
1,203,176 Increases the transfer to the Sewer Utility Debt Service Fund to reflect the updated debt service costs for FY 2026/27. This amount reflects a planned debt issuance in the Sewer Utility Debt Fund in FY 2026/27.

Water & Sewer Utility
Department - Salary and
Benefits
Water & Sewer Utility
Department - Right of Way
Rental Expense
Water & Sewer Utility
Department - Interfund
Services and Services From
Other Funds - Cost Allocation
Plan
Water & Sewer Utility
Department -
Resource/Production
Transfer to the General
Government Capital Fund
Transfer to the Public
Buildings Capital Fund
Transfer to the PW CIP
Management Fund
Transfer to the Sewer Utility
Capital Fund
Transfer to the Sewer Utility
Debt Service Fund
Beginning and Ending Fund
Balance - Rate Stabilization
Reserve
300,000 133,131 Adjusts the Rate Stabilization Reserve balances based on anticipated contributions.

Sewer Utility Fund (094) Cont'd.
623
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Beginning and Ending Fund
Balance - Operations and
Maintenance Reserve
300,000 Adjusts the Operations and Maintenance Reserve balances 334,890 based on anticipated contributions.

Beginning and Ending Fund
Balance - Infrastructure
Reserve
300,000 (1,995,541) Adjusts the Infrastructure Reserve balances based on anticipated contributions.

Beginning and Ending Fund
Balance - Pension
Stabilization Reserve
91,986 Adjusts the Pension Stabilization Reserve balances based 91,986 on anticipated contributions.

Beginning and Ending Fund
Balance - Reserve for
Settlements
(2,135,000) (2,135,000) Adjusts the Reserve for Settlements balances based on anticipated contributions.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
4,392,699 10,512,229 Adjusts the beginning and ending fund balances based on anticipated fund activity.

Total Sewer Utility Fund 4,560,185 4,560,185
Category
Source of
Funds
Use of
Funds Explanation
Other Fees For Services
(Refuse Collection Charges)
543,028 Increases the Other Fees for Services Revenue estimate for refuse collection charges consistent with the most recent Rate Study which was updated to include projections for FY 2026/27. The increases are based on updated customer
garbage rates that incorporate increases necessary to cover cost of service for garbage, Clean Green, and recycling collection charges. This amount includes increases to cover costs associated with SB 1383 requirements.

Other Fees For Services
(Green Halo)
36,550 Increases the Other Fees for Services revenue estimate to account for Green Halo Fees previously received in the
General Fund. Starting in FY 2026/27, these fees will be received in the Solid Waste Fund.

Charges for Services (Clean
Up Campaign)
63,622 Increases the Charges for Services revenue estimate for the clean-up campaign, assuming a 4.8% increase from FY
2025/26. This increase covers higher Department of Public Works staffing, contractual services, and disposal costs.

Sewer Utility Fund (094) Cont'd.

Solid Waste Fund (096)
624
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Charges for Services 53,450 Increases the Charges for Services revenue estimate to account for Engineering Fees previously received in the General Fund. Starting in FY 2026/27, these fees will be received in the Solid Waste Fund.

Other Agencies Revenue (25,000) Decreases the Other Agencies Revenue estimate based on anticipated lower landfill disposal fee collection. The AB 939 implementation fee is applied to every ton disposed in a landfill. With mixed waste processing diverting organics from the landfill, there is anticipated to be less materials to dispose.

Solid Waste - Salary and
Benefits
Decreases personnel costs to reflect updated salary and (46,849) benefit costs based on negotiated salary agreements,
required contributions to the Public Employees Retirement System (PERS), the latest benefit costs, and actual
incumbents.

Solid Waste - Contribution in
Lieu
Increases the contribution in lieu budget to align with 61,411 anticipated activity levels and revenue forecast.

Solid Waste -
Materials/Services/Supplies
(CUPA Permit Fees)
11,040 Increases the Materials/Services/Supplies budget to address the new CUPA permit fees (hazardous materials) assessed by the Fire Department for 1700 Walsh Ave. This is the first time these fees have been assessed and prior knowledge of the amount was unknown until the invoice was received.

Solid Waste -
Materials/Services/Supplies
(Pilot with Rethink Disposable)
Increases the Materials/Services/Supplies budget to pilot a 20,000 program with Rethink Disposable to convert a limited
number of Santa Clara restaurants from using single-use disposable food ware to reusable food ware. This program will promote the use of reusable food ware over single-use disposables in local restaurants, ultimately enhancing landfill diversion and promoting sustainability.

Solid Waste -
Resource/Production
(Household Hazardous
Waste)
Increases the Resource/Production budget for the Clean Up 74,278 Campaign to account for Household Hazardous Waste
(HHW) that is collected and disposed of during the annual Clean Up Campaign. Overall, HHW contractual costs are
rising due to shipping and disposal cost increases in
Countywide HHW Program Contracts.

Solid Waste Fund (096) Cont'd.
625
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Solid Waste -
Resource/Production
(Garbage Collection, Disposal
and Recycling)
894,639 Net increase to the budget for residential and commercial garbage collection and disposal services based on changes to various agreements: MTWS (garbage, yard waste,
Cleanup Campaign collection services), GWR (mixed waste processing/processing of residential recyclables),
IDC/Newby Island (disposal of garbage residual received), Recology (collection of residential recycling), and
BFI/Republic (landfill disposal and yard waste composting) and adjustments to the estimated levels of activity.

Solid Waste - Interfund
Services and Cost Allocation
Plan
(4,211) Reflects updated costs for interfund services (Information Technology Department services, special liability fund, workers' compensation, vehicle equipment and
maintenance, fleet purchases, and communications
equipment) and the Cost Allocation Plan.

Transfer to Solid Waste
Capital Fund
400,000 Increases the transfer to the Solid Waste Capital Fund to add funding for the Emergency Backup and Collection
System Enhancements for Closed Landfill Project (new
project).

Transfer to General
Government Capital Fund
(21,867) Eliminates the transfer to the General Government Capital Fund to reflect the updated cost for capital projects
programmed in the FY 2026/27 proposed capital budget.

Transfer to Public Buildings
Capital Fund
9,875 Establishes a transfer to the Public Buildings Capital Fund to reflect the updated cost for capital projects programmed in the FY 2026/27 proposed capital budget.

Beginning and Ending Fund
Balance - Operations and
Maintenance Reserve
(1,271,944) (457,346) Adjusts the Operations and Maintenance Reserve balances based on anticipated fund activity.

Beginning and Ending Fund
Balance - Pension Trust
Reserve
45,092 Adjusts the Pension Trust Reserve balances based on 45,092 anticipated contributions.

Beginning and Ending Fund
Balance - Rate Stabilization
Reserve
651,257 Adjusts the Rate Stabilization Reserve balances based on (750,007) anticipated contributions.

Unrestricted Beginning Fund
Balance
140,000 Adjusts the beginning fund balance based on anticipated fund activity.

Total Solid Waste Fund 236,055 236,055
Solid Waste Fund (096) Cont'd.
626
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Water & Sewer Utility
Department - Salary and
Benefits
(60,950) Decreases personnel costs to reflect updated salary and benefit costs based on negotiated salary agreements,
required contributions to the Public Employees Retirement System (PERS), the latest benefit costs, and actual
incumbents.

Water & Sewer Utility
Department - Right of Way
Rental Expense
34,720 Increases the right of way rental expense allocation to reflect anticipated activity in the Recycled Water Utility.

Water & Sewer Utility
Department - Interfund
Services and Services From
Other Funds - Cost Allocation
Plan
(1,239) Reflects updated costs for interfund services (Information Technology Department services, special liability fund, workers' compensation, vehicle equipment and maintenance, fleet purchases, and communications equipment) and the
Cost Allocation Plan.

Beginning and Ending Fund
Balance - Rate Stabilization
Reserve
131,000 Adjusts the Rate Stabilization Reserve balances based on 496,120 anticipated contributions.

Beginning and Ending Fund
Balance - Operations and
Maintenance Reserve
800,000 Adjusts the Operations and Maintenance Reserve balances 1,200,000 based on anticipated contributions.

Beginning and Ending Fund
Balance - Pension
Stabilization Reserve
16,129 16,129 Adjusts the Pension Stabilization Reserve balances based on anticipated contributions.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
3,120,747 Adjusts the beginning and ending fund balances based on 2,383,096 anticipated fund activity.

Total Water Recycling Fund 4,067,876 4,067,876
Category
Source of
Funds
Use of
Funds Explanation
Charges for Services 4,094,441 Increases the Charges for Services estimate to reflect anticipated activity.

Water & Sewer Utility
Department - Salary and
Benefits
Decreases personnel costs to reflect updated salary and (327,709) benefit costs based on negotiated salary agreements,
required contributions to the Public Employees Retirement System (PERS), the latest benefit costs, and actual
incumbents.

Water Recycling Fund (097)
Water Utility Fund (092)
627
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Water & Sewer Utility
Department - Interfund
Services and Services From
Other Funds - Cost Allocation
Plan
(20,492) Reflects updated costs for interfund services (Information Technology Department services, special liability fund, workers' compensation, vehicle equipment and maintenance, fleet purchases, and communications equipment) and the
Cost Allocation Plan.

Water & Sewer Utility
Department - Right of Way
Rental Expense
408,120 Increases the right of way rental expense allocation to reflect anticipated activity in the Water Utility.

Water & Sewer Utility
Department -
Materials/Services/Supplies
137,559 Increases the materials/services/supplies allocation to reflect increased costs related to the City's safety program.

Water & Sewer Utility
Department -
Resource/Production
1,747,800 Increases the resource/production allocation to reflect anticipated activity in the Water Utility.

Transfer to the Electric Utility
Capital Fund
(246,000) Eliminates the transfer to the Electric Utility Capital Fund to reflect the updated cost for capital projects programmed in the FY 2026/27 proposed capital budget.

Transfer to the General
Government Capital Fund
(37,870) Decreases the transfer to the General Government Capital Fund to reflect the updated cost for capital projects
programmed in the FY 2026/27 proposed capital budget.

Transfer to the Public
Buildings Capital Fund
32,850 Establishes a transfer to the Public Buildings Capital Fund to reflect the updated cost for capital projects programmed in the FY 2026/27 proposed capital budget.

Transfer to the Water Utility
Capital Fund
Decreases the transfer to the Water Utility Capital Fund to (275,000) reflect the updated cost for capital projects programmed in the FY 2026/27 proposed capital budget.

Ending Fund Balance - Rate
Stabilization Reserve
Adjusts the Rate Stabilization Reserve balances based on 617,530 anticipated contributions.

Beginning and Ending Fund
Balance - Operations and
Maintenance Reserve
2,787,500 Adjusts the Operations and Maintenance Reserve balances 5,500,000 based on anticipated contributions.

Beginning and Ending Fund
Balance - Infrastructure
Reserve
(2,787,500) (2,787,500) Adjusts the Infrastructure Reserve balances based on anticipated contributions.

Water Utility Fund (092) Cont'd.
628
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | ENTERPRISE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Beginning and Ending Fund
Balance - Pension
Stabilization Reserve
184,762 184,762 Adjusts the Pension Stabilization Reserve balances based on anticipated contributions.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
(2,006,119) (2,660,966) Adjusts the beginning and ending fund balances based on anticipated fund activity.

Total Water Utility Fund 2,273,084 2,273,084
Total Enterprise Funds 62,049,268 62,049,268
Water Utility Fund (092) Cont'd.
629
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | INTERNAL SERVICE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Equipment Replacement
Reserve
82,266 82,266 Adjusts the Equipment Replacement Reserve beginning and ending fund balances based on anticipated fund activity.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
535,283 Adjusts the beginning and ending fund balances based on 535,283 anticipated fund activity.

Total Communication
Acquisitions Fund
617,549 617,549
Category
Source of
Funds
Use of
Funds Explanation
Other Fees for Services 319,457 Increases the charges to other funds due to higher fuel and interfund services costs.

Other Agencies Revenue (245) Decreases the Other Agencies Revenue estimate to reflect anticipated activity.

Other Revenue 93 Increases the Other Revenue estimate to reflect anticipated activity.

Public Works - Salary and
Benefits
Increases personnel costs to reflect updated salary and 340,450 benefit costs based on negotiated salary agreements,
required contributions to the Public Employees Retirement System (PERS), the latest benefit costs, and actual
incumbents. This increase also reflects the addition of 2.0 limit-dated Automotive Technician I positions recommended as part of this budget.

Public Works -
Materials/Services/Supplies
Decreases the materials/services/supplies budget to reflect (25,912) anticipated lower contractual services costs for vehicle and equipment inspections, maintenance and repairs, and
certifications.

Public Works - Interfund
Services and Cost Allocation
Plan
Reflects updated costs for interfund services (Information (4,906) Technology Department services, special liability fund, workers' compensation, vehicle equipment and
maintenance, fleet purchases, and communications
equipment) and the Cost Allocation Plan.

Unrestricted Ending Fund
Balance
Adjusts the ending fund balances based on anticipated fund 9,673 activity.

Total Fleet Operations Fund 319,305 319,305
Communication Acquisitions Fund (048)
Fleet Operations Fund (053)
630
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | INTERNAL SERVICE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Other Fees For Services 550,852 Increases charges to other funds based on the projected Information Technology Services costs.

Information Technology -
Interfund Services
Reflects updated costs for interfund services (Information 340 Technology Department services, special liability fund, workers' compensation, Public Works capital project
management, vehicle equipment and maintenance, fleet
purchases, and communications equipment).

Information Technology -
Materials/Services/Supplies
Increases the Materials/Services/Supplies budget to reflect 770,336 various cost adjustments, including increases to computer replacements, and higher costs for contracts for security camera maintenance and licensing, security platform portal, and data management software. This adjustment also
reflects an increase for the IT sourcing strategy.

Information Technology -
Salary and Benefits
Decreases personnel costs to reflect updated salary and (219,195) benefit costs based on negotiated salary agreements,
required contributions to the Public Employees Retirement System (PERS), the latest benefit costs, and actual
incumbents.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
277,142 Adjusts the beginning and ending fund balances based on 276,513 anticipated fund activity.

Total Information
Technology Services Fund
827,994 827,994
Category
Source of
Funds
Use of
Funds Explanation
Other Fees for Services (5,119,299) Eliminates the charges to other funds revenue estimate to reflect the updated methodology of Public Works project delivery costs. Effective FY 2026/27, these costs will be funded by transfers from other funds (General Fund and
Sewer Utility Fund) as well as direct charges to active capital projects.

Transfer from the General
Fund
3,086,840 Establishes a transfer from the General Fund to support the Public Works project delivery staffing costs for General Fund projects.

Transfer from the Sewer Utility
Fund
506,376 Establishes a transfer from the Sewer Utility Fund to support the Public Works project delivery staffing costs for projects related to the Sewer Utility.

Information Technology Services Fund (045)
Public Works Capital Projects Management Fund (044)
631
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | INTERNAL SERVICE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Public Works - Salary and
Benefits
(1,529,727) Decreases personnel costs to reflect updated salary and benefit costs based on negotiated salary agreements,
required contributions to the Public Employees Retirement System (PERS), the latest benefit costs, and budgeted
positions. This also reflects the updated methodology of Public Works project delivery costs. Effective FY 2026/27, Public Works staff will directly charge its staff time to certain projects, which reduces the amount of funds budgeted in this fund for those costs.

Interfund Services and
Services From Other Funds -
Cost Allocation Plan
Reflects updated costs for interfund services (Information 3,644 Technology Department services, special liability fund, workers' compensation, Public Works capital project
management, vehicle equipment and maintenance, fleet
purchases, and communications equipment) and the Cost
Allocation Plan.

Total Public Works Capital
Projects Management Fund
(1,526,083) (1,526,083)
Category
Source of
Funds
Use of
Funds Explanation
Other Fees for Services 345,000 Increases the charges to other funds to cover the higher insurance premium and claims payments costs.

Special Liability - Claims
Payments
705,000 Increases the budget for claims payments based on the latest cost estimates.

Special Liability - Insurance
Premiums
Increases the budget for insurance premiums based on the 169,000 latest cost estimates. The coverage level is consistent with the assumptions developed as part of FY 2025/26 and FY
2026/27 Adopted Budget.

Beginning and Ending Fund
Balance - Reserve for Future
Claims
7,300,000 Adjusts the Reserve for Future Claims beginning and ending 7,300,000 balances based on anticipated fund activity.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
2,057,954 Adjusts the beginning and ending fund balances based on 1,528,954 anticipated fund activity.

Total Special Liability
Insurance Fund
9,702,954 9,702,954
Public Works Capital Projects Management Fund (044) Cont'd.

Special Liability Insurance Fund (082)
632
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | INTERNAL SERVICE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Other Fees for Services 63,000 Increases the charges to other funds to cover the higher anticipated unemployment costs.

Unemployment Insurance -
Materials, Services, and
Supplies
Increases the budget for Materials, Services, and Supplies 63,000 based on anticipated fund activity.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
(18,437) Adjusts the beginning and ending fund balances based on (18,437) anticipated fund activity.

Total Unemployment
Insurance Fund
44,563 44,563
Category
Source of
Funds
Use of
Funds Explanation
Other Fees for Services 196,721 Reflects the higher charges to other funds based on the projected vehicle replacement schedule.

Capital Outlay 200,000 Increases the Capital Outlay budget to align with the scheduled replacements and updated cost estimates. Cost estimates for vehicles have increased over the last year, resulting in increases to Capital Outlay costs.

Capital Outlay (Electric Vehicle
Replacements)
87,365 Increases the Capital Outlay budget for electric vehicles funded by the Electric Operating Grant Trust Fund to reflect cost estimate changes.

Beginning and Ending Fund
Balance - Equipment
Replacement Reserve
521,121 Increases the Equipment Replacement Reserve based on 521,121 the FY 2025/26 estimate.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
(477,942) Adjusts the beginning and ending fund balances based on (387,298) anticipated fund activity.

Total Vehicle Replacement
Fund
330,544 330,544
Unemployment Insurance Fund (087)
Vehicle Replacement Fund (050)
633
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | INTERNAL SERVICE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Other Fees for Services 159,000 Increases the charges to other funds to cover the higher insurance premium costs.

Workers' Compensation -
Insurance Premiums
159,000 Increases the budget for insurance premiums based on the latest cost estimates.

Beginning and Ending Fund
Balance - Reserve for
Prepayments
357,592 Increases the Reserve for Prepayments based on the FY 357,592 2025/26 estimate.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
(389,375) Adjusts the beginning and ending fund balances based on (389,375) anticipated fund activity.

Total Workers'
Compensation Fund
127,217 127,217
Total Internal Service Funds 10,444,043 10,444,043
Workers' Compensation Fund (081)
634
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | DEBT SERVICE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Transfer from Electric Utility
Fund/Debt Service and
Administrative Costs
700,000 Increases the transfer from the Electric Utility Fund and 700,000 administrative costs for a line of credit to fund capital projects.

Beginning and Ending Fund
Balance - Reserve for Debt
Service
19,994,714 19,994,714 Adjusts the Reserve for Debt Service beginning and ending fund balances based on FY 2025/26 Estimate.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
(15,946,126) (15,946,126) Adjusts the beginning and ending fund balances based on anticipated fund activity.

Total Electric Utility Debt
Service Fund
4,748,588 4,748,588
Category
Source of
Funds
Use of
Funds Explanation
Property Tax Assessment 17,905,913 Establishes a Property Tax Assessment estimate to reflect anticipated proceeds.

Interest 216,401 Establishes an Interest estimate based on anticipated activity in FY 2026/27.

Debt Service/Administrative
Costs
19,829,924 Establishes a debt service and administrative costs appropriation based on the anticipated debt service
payments in FY 2026/27.

Beginning and Ending Fund
Balance - Reserve for Debt
Services
22,748,693 21,041,083 Adjusts the beginning and ending fund balances for the Reserve for Debt Service based on anticipated fund
activity.

Total Measure I General
Obligation (GO) Bond Debt
Service Fund
40,871,007 40,871,007
Category
Source of
Funds
Use of
Funds Explanation
Administrative Costs Adjusts the administrative costs associated with the 215 planned debt service payments for FY 2026/27.

Beginning and Ending Fund
Balance - Debt Reserve
27,876 Adjusts the beginning and ending fund balances for the 27,876 Debt Reserve based on anticipated fund activity.

Electric Utility Debt Service Fund (491)
Measure I General Obligation (GO) Bond Debt Service Fund (413) Public Facilities Finance Corporation Fund (431)
635
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | DEBT SERVICE FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
(29,854) Adjusts the beginning and ending fund balances based on (30,069) anticipated fund activity.

Total Public Facilities
Finance Corporation Fund
(1,978) (1,978)
Category
Source of
Funds
Use of
Funds Explanation
Debt Proceeds 15,500,000 Establishes a bond proceeds estimate to reflect anticipated debt issuance in FY 2026/27.

Transfer from the Sewer Utility
Fund/Debt Service
1,203,176 1,203,176 Increases the transfer from the Sewer Utility Fund to fund debt service payments associated with the new debt
issuance planned in FY 2026/27.

Transfer to Sewer Utility
Capital Fund
15,500,000 Establishes a transfer to the Sewer Utility Capital Fund for the debt issuance to fund the Regional Wastewater
Facility project.

Beginning and Ending Fund
Balance - Reserve for Debt
Service
(1,088,638) (1,088,638) Adjusts the beginning and ending fund balances for the Debt Reserve based on anticipated fund activity.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
1,093,189 1,093,189 Adjusts the beginning and ending fund balances based on anticipated fund activity.

Total Sewer Utility Debt
Service Fund
16,707,727 16,707,727
Total Debt Service Funds 62,325,344 62,325,344
Public Facilities Finance Corporation Fund (431) Cont'd.

Sewer Utility Debt Service Fund (494)
636
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | A P P E ND I CE S FY 2026/27 OPERATING BUDGET AMENDMENTS DETAIL
BY FUND | OTHER AGENCY FUNDS
Category
Source of
Funds
Use of
Funds Explanation
Transfer from the General
Fund
1,388 Increases the Transfer from the General Fund to account for higher anticipated fund activity.

Non-Departmental - Board
Member Stipend
Adjusts the Board Member Stipend appropriation based on 194 anticipated fund activity.

Non-Departmental - Materials,
Services, and Supplies
Adjusts the Materials, Services, and Supplies appropriation 194 based on anticipated fund activity.

Unrestricted Beginning Fund
Balance/Unrestricted Ending
Fund Balance
1,192 Adjusts the beginning and ending fund balances based on 2,192 anticipated fund activity.

Total Sports and Open Space
Authority Fund
2,580 2,580
Total Other Agency Fund 2,580 2,580
Sports and Open Space Authority Fund (801)
637
California Society of Municipal
Finance Officers
Certificate of Award
Operating Budget Excellence Award
Fiscal Years 2025-2026 & 2026-2027
Presented to the
City of Santa Clara
For meeting the criteria established to achieve a CSMFO Award in Budgeting.

February 5, 2026
Jennifer Wakeman James Russell-Field, Chair 2025 CSMFO President Recognition Committee Dedicated to Excellence in Municipal Financial Reporting 638
Finance Department
City of Santa Clara, California
11/11/2025
The Government Finance Officers Association
of the United States and Canada
The Certificate of Recognition for Budget Preparation is presented by the Government Finance Officers Association to those individuals who have been instrumental in their government unit achieving a Distinguished Budget Presentation Award. The Distinguished Budget Presentation Award, which is the highest award in governmental budgeting, is presented to those government units whose budgets are judged to adhere to program standards.
presents this

CERTIFICATE OF RECOGNITION FOR BUDGET PREPARATION
to
Date:

Executive Director
639
®

PRESENTED TO
City of Santa Clara
California
For the Biennium Beginning
July 01, 2025
Executive Director

GOVERNMENT FINANCE OFFICERS ASSOCIATION
Distinguished
Budget Presentation
Award
640
~P-~
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY THEME
Project Number and Title Page
Administrative Facilities
Funded Projects
6123 - Public Building Parking Lot Improvements* 303
6138 - Repairs-Modifications to City Buildings* 304
6139 - Repair to Historic Buildings* 305
6140 - Triton Museum Repair and Modifications* 306
6184 - ADA Transition Plan Implementation (Public Buildings)* 307 6191 - Electric Vehicle Charging (Fleet)* 308
6192 - Police Department Facility Renovation 309
6211 - Triton Museum Renovation 310
6219 - Historic Buildings & Beautification CEA 311
6270 - Real Time Intelligence Center Feasibility 312
6271 - Police Training Facility Feasibility and Assessment 313 6272 - PD Drone First Responder Infrastructure 314
6279 - Police Facilities Projects CEA 315
6280 - Fire Station 5 Replacement 316
6281 - Fire Training Tower Renovation 317
6282 - Fire Station Security Upgrade 318
6283 - Fire Station 7 Replacement 319
6289 - Fire Station and Emergency Response Projects CEA 320 6558 - Morse Mansion Maintenance & Repair* 321
FY27 Temp 10 - Fleet Shop Retrofit 322
Administrative Facilities
Unfunded/Partially Funded Projects
6123 - Public Building Parking Lot Improvements* 323
6138 - Repairs-Modifications to City Buildings* 323
6139 - Repair to Historic Buildings* 323
6140 - Triton Museum Repair and Modifications* 323
6148 - City Hall HVAC Rehabilitation Project 323
6158 - Stationary Standby Generators 324
6184 - ADA Transition Plan Implementation (Public Buildings)* 324 6191 - Electric Vehicle Charging (Fleet)* 324
6558 - Morse Mansion Maintenance & Repair* 324
Community Facilities
Funded Projects
6251 - Community ISC Aquatic Facility Renovation/Replacement (Phase 2) 334 6254 - Central Park Library Restrooms Remodeling & Access Control Redesign 335 6255 - Central Park Library Lighting Control System Replacement 336 *Projects are only partially funded
641
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY THEME
Project Number and Title Page
Community Facilities
Funded Projects
6256 - Central Park and Mission Libraries Main Entry Auto Door System Replacement 337 6257 - Central, Mission, and North side Libraries Renovation Designs 338 6259 - Parks, Library, Senior Center & Aquatics Facilities CEA 339 FY27 Temp 04 - Central Park Library - Carpet Replacement 340 FY27 Temp 12 - Central Park Library - Repaint Interior 341 Community Facilities
Unfunded/Partially Funded Projects
FY27 Temp 03 - Central Park Library - Tackable Walls - Acoustic Panels 342 FY27 Temp 05 - Central Park Library - Front Exterior Lighting 342 FY27 Temp 24 - Aged Infrastructure at Critical/Poor Buildings 343 Convention Center
Unfunded/Partially Funded Projects
8101 - Santa Clara Convention Center Condition Assessment Repair 352 Electric Utility
Funded Projects
2004 - Fiber Development, Design, and Expansion 368
2005 - New Business Estimate Work 369
2006 - Transmission and Distribution Capital Maintenance and Betterments 370 2008 - Substation Capital Maintenance and Betterments 371 2010 - Electric Yard Buildings and Grounds 372
2111 - Implementation of Advanced Metering Infrastructure (AMI) 373 2119 - Generation Capital Maintenance and Betterments 374 2127 - Major Engine Overhaul and Repair 375
2395 - Operations and Planning Technology 376
2410 - System Expansion Planning and Analysis 377
2418 - Esperanca Substation 378
2424 - Substation Physical Security Improvements 379
2431 - Homestead Substation Rebuild 380
2432 - Yard Pavement Project 381
2447 - Substation Control and Communication System Replacement 382 2452 - 60KV Breaker Upgrades 383
2459 - Transmission Loop 1 384
2465 - Duane-Scott 115kV Reconductor 385
2466 - South Loop Reconductor 386
2467 - Northwestern – Zeno 60kV Reconductor 387
2468 - Palm Substation Expansion 388
642
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY THEME
Project Number and Title Page
Electric Utility
Funded Projects
2469 - Agnew Rebuild and Expansion 389
2472 - Northwest Loop Capacity Upgrade Phase II 390
2871 - Miscellaneous Street Lighting 391
2874 - LED Street Lighting Retrofit 392
FY27:NEW-ENG1 - Revenue Metering Improvement 393
FY27:NEW-GEN2 - Hydro Penstock Repairs 394
FY27:NEW-GEN4 - DVR Spare Engine Procurement Project 395 FY27:NEW-OPS1 - SCADA Upgrade 396
FY27:NEW-PLN1 - CAISO 3rd 230kV T-Line Into NRS 397
FY27:NEW-PLN2 - System Wide Distribution Capacitor Replacement 398 FY27:NEW-PLN3 - Central Expressway Underbuild Double Circuited 60kV & 12kV 399 FY27:NEW-PLN4 - NRS to Agnew 60 kV Line Reconductoring 400 FY27:NEW-PLN5 - Flexible Load Interconnection Program 401 FY27:NEW-PLN6 - Uranium Feeder Reliability Improvement 402 FY27:NEW-PLN7 - Spare Equipment Strategy & Procurement 403 FY27:NEW-PLN8 - Dynamic Facility Ratings Project 404
FY27:NEW-PLN9 - Duane Substation Bulk Electric System Compliance Requirement 405 Other Community Projects
Funded Projects
4511 - Related General Admin Project 416
4513 - Other Development Project Services 417
4610 - Tasman East Infrastructure Fee Administration 418 6153 - ADA Self Evaluation and Transition Plan Update* 419 6568 - Measure I Fixtures, Furniture and Equipment 420
6598 - General Obligation Bond Implementation 421
Other Community Projects
Unfunded/Partially Funded Projects
6153 - ADA Self Evaluation and Transition Plan Update* 422 Parks and Trails
Funded Projects
3001 - Park Improvements and Repairs* 434
3130 - Maywood Park Playground Rehabilitation 435
3131 - Earl Carmichael Park Playground Rehabilitation 436 3132 - Community Park North - Phase I 437
3137 - Warburton Park Playground Rehabilitation 438
3190 - Mary Gomez Park Playground Rehabilitation 439
6252 - Warburton Park Playground Renovations 440
*Projects are only partially funded
643
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY THEME
Project Number and Title Page
Parks & Trails
Unfunded/Partially Funded Projects
3001 - Park Improvements and Repairs* 441
FY27 Temp 25 - Aged Infrastructure at Critical/Poor Parks 441 Sewer Utility
Funded Projects
1908 - S.J.-S.C. Regional Wastewater Facility 449
1909 - Sanitary Sewer Capacity Improvements 450
1911 - Sanitary Sewer System Condition Assessment 451
1912 - Sanitary Sewer System Improvements 452
1919 - Sanitary Sewer Hydraulic Modeling As Needed Support 453 1920 - Sanitary Sewer Master Plan Update 454
1921 - Public Works Paving Support - Sewer 455
Solid Waste
Funded Projects
6109 - Sanitary Landfill Development - Post Closure 463 FY27 Temp 09 - Emergency Backup and Collection System Enhancements for Closed Landfill
464
Storm Drain
Funded Projects
1831 - Storm Drain Renovations 474
1835 - Storm Drain Pump Station Outfall Reconstruction Program 475 1840 - Kiely Blvd.-Saratoga Creek Storm Drain Outfall Relocation 476 1845 - Anna Drive Neighborhood Flood Protection 477
1846 - Bowers Park Parking Lot Rehabilitation 478
1849 - Storm Drain Pump Station RTU Upgrade 479
6220 - Storm Drain System Improvements 480
6221 - Green Storm Drain Design & Construction 481
6222 - Bowers Ave Underpass SDPS Rehabilitation 482
6223 - SDPS Motor and Control Replacement 483
6224 - SDPS Outfall Reconstruction 484
6225 - Storm Drain Renovations 485
6229 - Storm Drain System Improvements CEA 486
FY27 Temp 13 - Storm Drain Master Plan Update 487
FY27 Temp 21 - Lickmill Storm Drain Pump Station Rehabilitation 488 FY27 Temp 22 - Tri-Level Underpass Storm Drain Pump Station Rehabilitation 489 FY27 Temp 23 - Fairway Glen Storm Drain Pump Station Rehabilitation 490 Storm Drain
Unfunded/Partially Funded Projects
1834 - Storm Drain System Improvements 491
*Projects are only partially funded
644
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY THEME
Project Number and Title Page
Technology and Equipment
Funded Projects
4061 - Fire Station 3 Sprinklers 502
6075 - Permit Information System 503
6534 - GIS Enterprise System (Geospatial Information System) 504 FY27 - Temp 15 - Replacement VOIP Phone System for Aging Mitel Connect 505 Technology and Equipment
Unfunded/Partially Funded Projects
6532 - Intranet Collaboration Suite Implementation 506
Transportation
Funded Projects
1202 - Agnew Road At-Grade Crossing 520
1203 - Creek Trail Pavement Rehabilitation Program 521
1211 - Neighborhood Traffic Calming 522
1219 - Traffic Signal Enhancements 523
1220 - Pedestrian and Bicycle Enhancement Facilities 524 1225 - Santa Clara VTA - Congestion Management Program 525 1226 - Uncontrolled Crosswalks Improvements 526
1232 - Traffic Signal Interconnect Upgrade 527
1234 - Transportation Modeling Update 528
1235 - Annual Street Maintenance and Rehabilitation Program* 529 1245 - Benton Bike Lanes 530
1250 - ADA Transition Plan Implementation (Public Right of Way)* 531 1266 - El Camino Real Bike Lane Project 532
1268 - Santa Clara Vision Zero Plan - Infrastructure Implementation 533 1273 - Street Tree Services 534
1276 - Monroe Street Class II Buffered Bicycle Lane Improvements 535 1281 - Bicycle Plan Implementation Studies 536
1286 - Tasman Complete Streets Plan 2021 Improvements Phase 1 – North San Jose Settlement
537
1288 - Cupertino-Santa Clara On-Demand Shuttle Project 538 1291 - Central Santa Clara Bicycle and Pedestrian Improvement 539 1293 - Quick Build Bike and Pedestrian Safety Project 540 1294 - Retroreflective Borders on Traffic Signal Backplates 541 1325 - Bridge Maintenance Program* 542
*Projects are only partially funded

645
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY THEME
Project Number and Title Page
Transportation
Funded Projects
1376 - Safe Routes to School 543
1382 - Sidewalk, Curb and Gutter Repair* 544
6240 - Street Resurfacing and Rehabilitation 545
6241 - ADA Improvements 546
6242 - Creek Trail Rehabilitation 547
6243 - Bicycle Wayfinding 548
6249 - Street & Transportation Projects CEA 549
FY27 Temp 06 - Bikeway Study Policy 550
FY27 Temp 07 - Bicycle Parking 551
FY27 Temp 08 - Citywide Traffic Intelligence 552
FY27 Temp 18 - Water Conservation and Drought Tolerant Landscaping 553 FY27 Temp 19 - Median Islands Water Conservation and Drought Tolerant Landscape Improvements*
554
FY27 Temp 20 - Public Right of Way Standard Specs and Detail Update 555 Transportation
Unfunded/Partially Funded Projects
1235 - Annual Street Maintenance and Rehabilitation Program* 556 1248 - Pruneridge Avenue Complete Streets Plan 556
1249 - Multimodal Improvement Plan Phase 1 Projects 556 1250 - ADA Transition Plan Implementation (Public Right of Way)* 557 1258 - Multimodal Improvement Plan Phase 2 Projects 557 1270 - Public Alley Pavement Maintenance and Rehabilitation 557 1275 - De La Cruz Boulevard Class IV Bikeway Improvements 558 1277 - Walsh Avenue Class IV Bikeway Study - Phase 2 558 1325 - Bridge Maintenance Program* 558
1382 - Sidewalk, Curb and Gutter Repair* 558
FY27 Temp 17 - Vision Zero Priority Corridor Improvements 559 FY27 Temp 19 - Median Islands Water Conservation and Drought Tolerant Landscape Improvements*
559
*Projects are only partially funded
646
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY THEME
Project Number and Title Page
Water and Recycled Water Utilities
Funded Projects
7005 - Buildings and Grounds 568
7054 - Distribution System Replacement/Restoration 569
7058 - SCADA Improvements 570
7059 - New and Replacement Wells 571
7064 - Public Works Paving Support - Water 572
7505 - Recycled Water System Mains and Services 573
FY27 Temp 14 - Pressure Regulating Zone Valve Replacement 574 647
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY DEPARTMENT
Project Number and Title Page
Community Development Department
Funded Projects
6075 - Permit Information System 503
Electric Utility Department
Funded Projects
2004 - Fiber Development, Design, and Expansion 368
2005 - New Business Estimate Work 369
2006 - Transmission and Distribution Capital Maintenance and Betterments 370 2008 - Substation Capital Maintenance and Betterments 371 2010 - Electric Yard Buildings and Grounds 372
2111 - Implementation of Advanced Metering Infrastructure (AMI) 373 2119 - Generation Capital Maintenance and Betterments 374 2127 - Major Engine Overhaul and Repair 375
2395 - Operations and Planning Technology 376
2410 - System Expansion Planning and Analysis 377
2418 - Esperanca Substation 378
2424 - Substation Physical Security Improvements 379
2431 - Homestead Substation Rebuild 380
2432 - Yard Pavement Project 381
2447 - Substation Control and Communication System Replacement 382 2452 - 60KV Breaker Upgrades 393
2459 - Transmission Loop 1 384
2465 - Duane-Scott 115kV Reconductor 385
2466 - South Loop Reconductor 386
2467 - Northwestern – Zeno 60kV Reconductor 387
2468 - Palm Substation Expansion 388
2469 - Agnew Rebuild and Expansion 389
2472 - Northwest Loop Capacity Upgrade Phase II 390
2871 - Miscellaneous Street Lighting 391
2874 - LED Street Lighting Retrofit 392
FY27:NEW-ENG1 - Revenue Metering Improvement 393
FY27:NEW-GEN2 - Hydro Penstock Repairs 394
FY27:NEW-GEN4 - DVR Spare Engine Procurement Project 395 FY27:NEW-OPS1 - SCADA Upgrade 396
FY27:NEW-PLN1 - CAISO 3rd 230kV T-Line Into NRS 397
FY27:NEW-PLN2 - System Wide Distribution Capacitor Replacement 398 FY27:NEW-PLN3 - Central Expressway Underbuild Double Circuited 60kV & 12kV 399 FY27:NEW-PLN4 - NRS to Agnew 60 kV Line Reconductoring 400 FY27:NEW-PLN5 - Flexible Load Interconnection Program 401 FY27:NEW-PLN6 - Uranium Feeder Reliability Improvement 402 FY27:NEW-PLN7 - Spare Equipment Strategy & Procurement 403 FY27:NEW-PLN8 - Dynamic Facility Ratings Project 404
FY27:NEW-PLN9 - Duane Substation Bulk Electric System Compliance Requirement 405 648
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY DEPARTMENT
Project Number and Title Page
Fire Department
Funded Projects
4061 - Fire Station 3 Sprinklers 502
6280 - Fire Station 5 Replacement 316
6281 - Fire Training Tower Renovation 317
6282 - Fire Station Security Upgrade 318
6283 - Fire Station 7 Replacement 319
6289 - Fire Station and Emergency Response Projects CEA 320 Information Technology Department
Funded Projects
6534 - GIS Enterprise System (Geospatial Information System) 504 FY27 - Temp 15 - Replacement VOIP Phone System for Aging Mitel Connect 505 Information Technology Department
Unfunded/Partially Funded Projects
6532 - Intranet Collaboration Suite Implementation 506
Library Department
Funded Projects
6254 - Central Park Library Restrooms Remodeling & Access Control Redesign 335 6255 - Central Park Library Lighting Control System Replacement 336 6256 - Central Park and Mission Libraries Main Entry Auto Door System Replacement 337 6257 - Central, Mission, and North Side Libraries Renovation Designs 338 FY27 Temp 04 - Central Park Library - Carpet Replacement 340 FY27 Temp 12 - Central Park Library - Repaint Interior 341 Library Department
Unfunded/Partially Funded Projects
FY27 Temp 03 - Central Park Library - Tackable Walls - Acoustic Panels 342 FY27 Temp 05 - Central Park Library - Front Exterior Lighting 342 Non-Departmental
Funded Projects
4511 - Related General Admin Project 416
4513 - Other Development Project Services 417
6568 - Measure I Fixtures, Furniture and Equipment 420
6598 - General Obligation Bond Implementation 421
*Projects are only partially funded
649
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY DEPARTMENT
Project Number and Title Page
Non-Departmental
Unfunded/Partially Funded Projects
8101 - Santa Clara Convention Center Condition Assessment Repair 352 Parks & Recreation Department
Funded Projects
3001 - Park Improvements and Repairs* 434
3130 - Maywood Park Playground Rehabilitation 435
3131 - Earl Carmichael Park Playground Rehabilitation 436 3132 - Community Park North - Phase I 437
3137 - Warburton Park Playground Rehabilitation 438
3190 - Mary Gomez Park Playground Rehabilitation 439
6251 - Community ISC Aquatic Facility Renovation/Replacement (Phase 2) 334 6252 - Warburton Park Playground Renovations 440
6259 - Parks, Library, Senior Center & Aquatics Facilities CEA 339 Parks & Recreation Department
Unfunded/Partially Funded Projects
3001 - Park Improvements and Repairs* 441
FY27 Temp 24 - Aged Infrastructure at Critical/Poor Buildings 343 FY27 Temp 25 - Aged Infrastructure at Critical/Poor Parks 441 Police Department
Funded Projects
6192 - Police Department Facility Renovation 309
6270 - Real Time Intelligence Center Feasibility 312
6271 - Police Training Facility Feasibility and Assessment 313 6272 - PD Drone First Responder Infrastructure 314
6279 - Police Facilities Projects CEA 315
Department of Public Works
Funded Projects
1202 - Agnew Road At-Grade Crossing 520
1203 - Creek Trail Pavement Rehabilitation Program 521
1211 - Neighborhood Traffic Calming 522
1219 - Traffic Signal Enhancements 523
1220 - Pedestrian and Bicycle Enhancement Facilities 524 1225 - Santa Clara VTA - Congestion Management Program 525 1226 - Uncontrolled Crosswalks Improvements 526
1232 - Traffic Signal Interconnect Upgrade 527
1234 - Transportation Modeling Update 528
*Projects are only partially funded
650
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY DEPARTMENT
Project Number and Title Page
Department of Public Works
Funded Projects
1235 - Annual Street Maintenance and Rehabilitation Program* 529 1245 - Benton Bike Lanes 530
1250 - ADA Transition Plan Implementation (Public Right of Way)* 531 1266 - El Camino Real Bike Lane Project 532
1268 - Santa Clara Vision Zero Plan - Infrastructure Implementation 533 1273 - Street Tree Services 534
1276 - Monroe Street Class II Buffered Bicycle Lane Improvements 535 1281 - Bicycle Plan Implementation Studies 536
1286 - Tasman Complete Streets Plan 2021 Improvements Phase 1 – North San Jose Settlement
537
1288 - Cupertino-Santa Clara On-Demand Shuttle Project 538 1291 - Central Santa Clara Bicycle and Pedestrian Improvement 539 1293 - Quick Build Bike and Pedestrian Safety Project 540 1294 - Retroreflective Borders on Traffic Signal Backplates 541 1325 - Bridge Maintenance Program* 542
1376 - Safe Routes to School 543
1382 - Sidewalk, Curb and Gutter Repair* 544
1831 - Storm Drain Renovations 474
1835 - Storm Drain Pump Station Outfall Reconstruction Program 475 1840 - Kiely Blvd.-Saratoga Creek Storm Drain Outfall Relocation 476 1845 - Anna Drive Neighborhood Flood Protection 477
1846 - Bowers Park Parking Lot Rehabilitation 478
1849 - Storm Drain Pump Station RTU Upgrade 479
1909 - Sanitary Sewer Capacity Improvements 450
1919 - Sanitary Sewer Hydraulic Modeling As Needed Support 453 1920 - Sanitary Sewer Master Plan Update 454
4610 - Tasman East Infrastructure Fee Administration 418 6109 - Sanitary Landfill Development - Post Closure 463 6123 - Public Building Parking Lot Improvements* 303
6138 - Repairs-Modifications to City Buildings* 304
6139 - Repair to Historic Buildings* 305
6140 - Triton Museum Repair and Modifications* 306
6153 - ADA Self Evaluation and Transition Plan Update* 419 6184 - ADA Transition Plan Implementation (Public Buildings)* 307 6191 - Electric Vehicle Charging (Fleet)* 308
6211 - Triton Museum Renovation 310
*Projects are only partially funded
651
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY DEPARTMENT
Project Number and Title Page
Department of Public Works
Funded Projects
6219 - Historic Buildings & Beautification CEA 311
6220 - Storm Drain System Improvements 480
6221 - Green Storm Drain Design & Construction 481
6222 - Bowers Ave Underpass SDPS Rehabilitation 482
6223 - SDPS Motor and Control Replacement 483
6224 - SDPS Outfall Reconstruction 484
6225 - Storm Drain Renovations 485
6229 - Storm Drain System Improvements CEA 486
6240 - Street Resurfacing and Rehabilitation 545
6241 - ADA Improvements 546
6242 - Creek Trail Rehabilitation 547
6243 - Bicycle Wayfinding 548
6249 - Street & Transportation Projects CEA 549
6558 - Morse Mansion Maintenance & Repair* 321
FY27 Temp 06 - Bikeway Study Policy 550
FY27 Temp 07 - Bicycle Parking 551
FY27 Temp 08 - Citywide Traffic Intelligence 552
FY27 Temp 09 - Emergency Backup and Collection System Enhancements for Closed Landfill
464
FY27 Temp 10 - Fleet Shop Retrofit 322
FY27 Temp 13 - Storm Drain Master Plan Update 487
FY27 Temp 18 - Water Conservation and Drought Tolerant Landscaping 553 FY27 Temp 19 - Median Islands Water Conservation and Drought Tolerant Landscape Improvements*
554
FY27 Temp 20 - Public Right of Way Standard Specs and Detail Update 555 FY27 Temp 21 - Lickmill Storm Drain Pump Station Rehabilitation 488 FY27 Temp 22 - Tri-Level Underpass Storm Drain Pump Station Rehabilitation 489 FY27 Temp 23 - Fairway Glen Storm Drain Pump Station Rehabilitation 490 Department of Public Works
Unfunded/Partially Funded Projects
1235 - Annual Street Maintenance and Rehabilitation Program* 556 1248 - Pruneridge Avenue Complete Streets Plan 556
1249 - Multimodal Improvement Plan Phase 1 Projects 556 1250 - ADA Transition Plan Implementation (Public Right of Way)* 557 1258 - Multimodal Improvement Plan Phase 2 Projects 557 1270 - Public Alley Pavement Maintenance and Rehabilitation 557 1275 - De La Cruz Boulevard Class IV Bikeway Improvements 558 *Projects are only partially funded
652
FY 20 2 6/ 2 7 A N D F Y 2 02 7 / 2 8 P RO P O S E D C A P I T A L I M P R O V E M E N T P R O G RA M B UD G E T | P RO JE CT I N DE X PROJECT INDEX | PROJECT INDEX BY DEPARTMENT
Project Number and Title Page
Department of Public Works
Unfunded/Partially Funded Projects
1277 - Walsh Avenue Class IV Bikeway Study - Phase 2 558 1325 - Bridge Maintenance Program* 558
1382 - Sidewalk, Curb and Gutter Repair* 558
1834 - Storm Drain System Improvements* 491
6123 - Public Building Parking Lot Improvements* 323
6138 - Repairs-Modifications to City Buildings* 323
6139 - Repair to Historic Buildings* 323
6140 - Triton Museum Repair and Modifications* 323
6148 - City Hall HVAC Rehabilitation Project 323
6153 - ADA Self Evaluation and Transition Plan Update* 422 6158 - Stationary Standby Generators 324
6184 - ADA Transition Plan Implementation (Public Buildings)* 324 6191 - Electric Vehicle Charging (Fleet)* 324
6558 - Morse Mansion Maintenance & Repair* 324
FY27 Temp 17 - Vision Zero Priority Corridor Improvements 559 FY27 Temp 19 - Median Islands Water Conservation and Drought Tolerant Landscape Improvements*
559
Water and Sewer Utilities Department
Funded Projects
1908 - S.J.-S.C. Regional Wastewater Facility 449
1911 - Sanitary Sewer System Condition Assessment 451
1912 - Sanitary Sewer System Improvements 452
1921 - Public Works Paving Support - Sewer 455
7005 - Buildings and Grounds 568
7054 - Distribution System Replacement/Restoration 569
7058 - SCADA Improvements 570
7059 - New and Replacement Wells 571
7064 - Public Works Paving Support - Water 572
7505 - Recycled Water System Mains and Services 573
FY27 Temp 14 - Pressure Regulating Zone Valve Replacement 574 *Projects are only partially funded
653
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654
Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

1. Question: On Slide 25, technology is mentioned. Reading through parks master plan, technology is missing from the report. Specifically, GIS asset management system and software to track maintenance and performance of equipment (e.g., replacing filters). What are we doing to track these? Do we need more investment?
Response: The Parks and Recreation Department has been working with the IT Department and third-party GIS Administrator to build the City’s Park “asset management” system (Lucity).

Lucity is a comprehensive Enterprise Asset Management (EAM) and work order system designed for local governments and utilities to track, maintain, and optimize infrastructure like roads, water systems, and fleet vehicles. It features strong GIS integration, mobile capabilities, and proactive maintenance tracking to reduce operating costs and improve safety.

As part of the budget, the Parks and Recreation Department is proposing key park management positions to help manage Lucity and the parks asset management program. The IT Department is currently working with the third-party administrator and will be conducting a software upgrade in the next few months – after which time, the software will be rolled out at every level of the Parks Maintenance Division for learning and best practice implementation. The goal will be to fully update and integrate Lucity maintenance asset management program by the end of FY 2026/27. Once the software is fully integrated and assets are logged and tracked, staff will have a better understanding of the funding gaps relative to the on-going maintenance management of the entire Santa Clara park system, bringing forward any funding requests as part of the two-year operating budget cycle for FY 2027/28 and FY 2028/29.

Key Features and Capabilities
• Comprehensive Asset Tracking: Manage detailed records for equipment, infrastructure, etc. • Work Order Management: Track maintenance history, labor, materials, and equipment costs • GIS Integration: Utilizes GIS system to visualize assets and work orders on a map • Preventive Maintenance: Automates maintenance schedules based on calendared time inputs • Mobile App: Empowers field crews to access data, complete tasks, and manage inventory • Public Portal: Offers a citizen-facing interface for submitting requests/reports Key Benefits
• Improved Efficiency: Reduces work order processing time and streamlines data management • Reduced Risk: Helps identify and maintain critical infrastructure to prevent failures • Data-Driven Decisions: Provides analytics on asset performance, remaining life, and repair costs
Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

2. Question: How are we funding the capital expenditures for SVP? How much is funded by debt and what is the plan to pay it off? How much is funded by Load Development Fees? What is the impact if SVP does not generate the demand from data centers and development? Response: In the 5-Year CIP, capital expenditures are funded by a combination of customer revenue (79%), anticipated debt funding (14%), developer contributions (4% for customer specific projects), load development fees (2%), and restricted Public Benefits funds (1%). Annual debt service payments are funded by net revenues of the Electric Utility and have been included in the Electric Utility's longrange financial plan and rate structure. The FY 2026/27 Amended Budget includes $89.0 million in the Rate Stabilization Reserve, $375.0 million in the Operation and Maintenance Reserve, and $73.0 million in the Infrastructure Reserve that could be utilized to buffer any shortfalls encountered, such as a reduction in demand. SVP will be conducting a cost-of-service study with a consultant later this year to analyze and update rates to mitigate this type of risk.

It should be noted that 94% of customer rate revenue comes from large industrial and commercial customers. Only 5.6% are from residential customers.

3. Question: There is $50 million available for Public Benefits. Beyond the adding of two positions, please explain how we plan to use and prioritize these funds.

Response: In addition to the two positions in the Proposed Budget, SVP plans to add more positions funded by the Public Benefits Charge (PBC) as part of future budget cycles. SVP designs expenditures around the California Energy Commission (CEC) guidelines and current best utility practice of PBC expenditures that other municipal utilities are implementing. There is a focus on education and outreach, efficient electrification, affordability, low-income, and research and development. Every four years as per AB 2021, SVP sets annual targets for energy efficiency saving and demand reductions over a ten-year period. SVP brought the targets to council on August 26, 2025 (RTC 25-592).

In addition to positions, SVP has been drawing down the PBC restricted reserves through the budget process for larger residential rebates, advanced metering infrastructure and renewable contract affordability. The money can be utilized by the customer classes that contributed to it, per Council Resolution 6425 and now may be subject to Proposition 26. For example, residential customers have contributed approximately 5.5% to 6% to PBC funds, so approximately $3 million of the $50 million can be used to benefit residential customers.

4. Question: Since implementing Green Button Connect for SVP’s billing system requires an upgrade first, can we prioritize upgrading the billing system so we can move forward with Green Button Connect? Please provide a status update.

Response: Moving forward with Green Button Connect is complicated and dependent on several interconnected systems being upgraded, including the NorthStar billing system. Based on the current Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

timeline, NorthStar is planned to be upgraded starting in Q3-2027 and finished in Q1-2028. Assuming testing and integration with the other systems related to the Advanced Metering Infrastructure (AMI) can be completed in the same timeframe, Green Button Connect would be available at the earliest in Q2-2028.

5. Question: How can we continue community events, such as the night market and Lunar New Year celebration, on an ongoing basis?
Response: To continue community events such as the Night Market and Lunar New Year celebration on an ongoing basis, the City would need to identify a sustainable funding source, cost recovery strategy, and/or operational model to support recurring annual events.

Using the Night Market as an example, for budgetary planning purposes, the City estimates that approximately $700,000 annually would be needed to support four seasonal (2-night) Night Marketstyle events per year. This estimate includes staffing and operational support from multiple City departments, including Parks & Recreation, Police, and Public Works, as well as costs associated with event production, entertainment and sound, booths and equipment, marketing, permits, and other logistical needs.

Continuation of these events on a long-term basis would depend on available funding, City priorities, sponsorship opportunities, partnerships, grant funding, and the desired level of service for future events.

6. Question: The Berryessa Adobe porch and the Morse Mansion paint are in need of repairs.

What is the strategy to fund repairs for these facilities? Response: The Bond Program currently has $3 million set aside for a future tranche under the Renovations to Historic Buildings line item. The Department of Public Works (DPW) will be working with a consultant to review the needs of the historic buildings, identify projects, establish budgets, and then prioritize those for implementation. DPW will also be exploring opportunities to advance smaller projects, like the porch, ahead of future tranche issuances.

7. Question: What is the plan to spend the proceeds from the sale of the Loyalton property? Response: One-time proceeds from the sale of the Loyalton property of $5.6 million are anticipated to be used to partially offset one-time capital needs in FY 2025/26 associated with major engine overhaul and repairs at the Donald Von Raesfeld (DVR) power plant. Actions will be brought forward to Council prior to the close of the fiscal year to recognize the revenue from the sale and appropriate funding for engine overhaul work which was identified during the DVR planned outage earlier this year.

Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

8. Question: With a few cycles completed, is the biennial budget process that alternates between a capital budget and operating budget working?
Response: The biennial budget process allows for a more in-depth review of the capital budget or operating budget during its cycle, while also including amendments to the budget that is off cycle. In addition, there are certain elements of the budget that are presented every year, including the TenYear General Fund Forecast, all capital and operating source and use statements, and the annual appropriations.

The two-year budget cycle reduces the administrative staff time for all departments to prepare the budget, provides more funding stability for departments, and allows for better long-range planning and strategic focus. The potential drawbacks of this process are less flexibility during economic downturns and emergencies, the need to revise the plan mid-cycle if there are significant changes to revenues and/or expenditures, and additional time needed to respond to changing priorities. Weighing these benefits and drawbacks, the Administration believes the biennial operating budget process is working.

9. Question: How is the unfunded capital project list prioritized so that infrastructure does not reach a critical point, and ensure that compliance with legal mandates and health and safety issues are addressed?
Response: As part of each biennial budget process, departments present capital funding needs to the City Manager’s Office, the Finance Department and the Public Works Department for evaluation.

The highest priority needs are funded with the resources available taking into consideration health and safety issues, legal mandates, the condition of the infrastructure, community needs, and departmental feedback/prioritization. There are a number of master plans and studies that also inform the prioritization of projects.

Starting with the FY 2019/20 and FY 2020/21 Capital Budget, the document was restructured to provide additional information on the City’s unfunded projects. This was an important step to focus the discussion on this issue. Since that time, the City has pursued funding strategies to address this issues, including bringing forward the General Obligation Bond Measure for voter approval and the set aside of ongoing capital funding in the budget.

10. Question: How are enterprise funds defined and why are the operations associated with the water treatment plant included in this category? How are the funds structured to only cover costs?
Response: As part of governmental accounting, Enterprise funds are used to account for operations and activities performed by specific departments in the City; these funds account for City operations financed and operated in a manner similar to a private business enterprise. The costs of providing Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

goods and services are funded primarily through charges to customers for services. The Sewer Utility Fund operates as an enterprise fund, with the operation and maintenance of the Regional Wastewater Facility as one of the primary operating expenses. These costs, along with the other operating expenses for the Sewer Utility (e.g., personnel costs, materials, services, and supplies), are all funded by user charges for sewer services. Any funding surplus is set aside in various reserves, including Rate Stabilization, Operations and Maintenance and Infrastructure. These reserves are set up to cover shortfalls in operating revenues, address unforeseen operating and capital expenditures, cover day-to-day operating costs during emergency situations, maintain strong bond ratings, and ease the burden on ratepayers associated with large rate increases.

11. Question. As gas prices go up, are we anticipating revenue to go up or down? Are we thinking through that potential impact?
Response: The City receives gas tax revenue from the State that is recorded in the Gas Tax Fund.

Gas Tax is imposed by the State as a per-gallon excise tax on gasoline and diesel fuel. Cities and counties receive an allocation from the State based on population and the proportion of registered vehicles. Given the tax is a fixed amount per gallon, the gas tax receipts will not be impacted by increasing gas prices unless drivers begin to drive less due to those increases. The increasing gas prices may also encourage consumers to switch to electric or hybrid vehicles, which would reduce gas consumption.

Increasing gas prices may reduce disposable income for residents and visitors and increase costs for businesses, potentially impacting sales tax and transient occupancy tax receipts. The City would, however, collect higher sales tax receipts from gas stations.

12. Question: The City Auditor position is currently frozen/vacant. Is this position a priority? Response: The City Auditor position, along with other frozen positions, is a priority to restore prior service levels. The FY 2026/27 Proposed Budget adds a Position Restoration Reserve in the General Fund to support the restoration of previously frozen positions, including the City Auditor position. The plan is to bring forward these positions during FY 2026/27 or during the development of the Proposed FY 2027/28 and FY 2028/29 Operating Budget in conjunction with departmental organizational reviews.

13. Question: There is interest in the completion of the El Camino bike lane. Would these projects be funded by the City or the State? Is there an impact on business parking with the bike lane? Response: Completion of bike facilities along El Camino Real (State right-of-way) requires both City and State funding. In the proposed CIP, the El Camino Real Bike Lane project will install Class IV Separated bicycle facilities along El Camino Real and will be implemented in three phases.

Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

Phase I, which is City funded, will include the design and construction of a Class IV Separated Bikeway, from the Santa Clara/Sunnyvale City limit to Pomeroy Avenue. In Phase II, Caltrans has a planned state-funded project to install Class IV bicycle facilities and construct various intersection pedestrian improvements from Pomeroy Avenue to Lincoln Street. Phase III from Lincoln Street to Portola Avenue at the Santa Clara/San Jose City Limit) is currently unfunded.

To implement bike facilities on El Camino Real, street parking is required to be removed. In 2022, Council approved Resolution 22-9047 to remove parking on El Camino Real in Santa Clara. This approval was based on the property outreach and a parking study completed during the El Camino Real Specific Plan process that determined that approximately 31% of parking on El Camino Real is utilized. The action allows the City to remove parking if a project to build the bike lanes is funded. Of note is that there are five properties along El Camino Real that lack sufficient onsite parking so the Resolution does not include removing parking along those property frontages.

14. Question: Is the 3% funding level for the new Capital Infrastructure Fund based on an analysis of funding needs/best practices or does it represent available funding? How could this be increased to 5% similar to the school district?
Response: The addition of an annual General Fund transfer to a new Capital Infrastructure Fund is set at 3% of General Fund expenditures based on the available funding. As part of the fiscal sustainability efforts, staff will work towards increasing these annual contributions.

15. Question: The Proposed Budget sets aside 18% of the Property Tax revenue from the excess Education Revenue Augmentation Fund (ERAF) as the County of Santa Clara has indicated that this amount is at risk due to a legal challenge. In FY 2026/27, the contribution to the ERAF Reserve totals $1.4 million. What will happen to this revenue? Response: Secured Property Tax receipts include excess ERAF funds (under Proposition 98, a portion of property tax receipts are allocated to the ERAF beginning in 1992 and once there are sufficient funds in ERAF to fulfill the obligation to the school districts, excess funds are returned to the taxing entities that contributed the funding). The excess ERAF funds are projected at $8.0 million in FY 2026/27. The County of Santa Clara has indicated that approximately 18% of the ERAF receipts are at risk due to legal challenges regarding the allocation of these funds. Given this risk, the ERAF funds in dispute are set aside in a Property Tax ERAF Reserve in the General Fund. In FY 2026/27, the contribution to this reserve totals $1.4 million, bringing the reserve balance to $9.4 million.

Depending on the outcome of the legal challenge, the funds in reserve would either be freed up for General Fund use or would be used to cover the City’s portion of the liability. The funds will remain in reserve until the legal challenge is resolved.

16. Question: Sales Tax revenues for the City are at record levels and are highly volatile. The forecast assumes growth of 3% annual growth from the FY 2026/27 starting point. Is this Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

revenue level sustainable? Is this growth realistic to maintain the ongoing costs of all of the new positions being proposed?
Response: While the sales tax category is very difficult to project, staff set the sales tax revenue estimate at a level that is expected to be sustainable. The City’s General Fund revenue estimates in total are projected to be sufficient to support the positions included in the Proposed Budget.

Staff evaluates the sales tax receipts on a quarterly basis by business sector and also considers the forecast provided by the City’s sales tax consultant in the development of the revenue estimates. The sales tax consultant developed conservative, most likely, and optimistic revenue estimates through FY 2031/32. In its most recent forecast, the consultant’s conservative estimate totals $74.9 million, the most likely estimate totals $80.5 million, and the optimistic estimate totals $86.2 million for FY 2026/27. The City’s general sales tax revenue estimate (excluding proposition 172 sales tax) for FY 2026/27 totals $75.0 million, which aligns closely to the consultant’s conservate estimate. The FY 2026/27 estimate is below the FY 2024/25 actual receipts of $78.5 million because it is assumed that a portion of the high collections in FY 2024/25 was one-time in nature. The 3% annual growth factor from FY 2026/27 is conservatively below the City’s actual long-term growth. From FY 2011/12 through FY 2023/24, the annual sales tax percent growth averaged 3.8%; this excludes the extremely strong growth of 28.8% in FY 2024/25. The 3% annual growth rate is also below the annual growth projections provided by the sales tax consultant that averaged 4.1% from FY 2026/27 through FY 2031/32.

Following are the quarterly revenue estimates provided by the City’s sales tax consultant Neumo/MuniServices:

Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

17. Question: The SV Hopper is funded as a pilot program. Is this pilot going to sunset or is it anticipated to be funded ongoing. If so, how will it be funded? Response: On June 6, 2023, City Council approved the SV Hopper pilot program and service in Santa Clara launched in November 2023. The pilot will run for four years and is expected to end in November 2027. The pilot program is currently funded by both grant funds and Silicon Valley Power Electric Operating Grant Trust Funds (Low Carbon Fuel Program). Staff is evaluating the program to determine if the program will continue due to potential funding constraints.

18. Question: Are there opportunities to remove/revise center dividers for certain streets, resulting in water savings and improved traffic flow?
Response: There are currently two projects proposed in the budget under the Transportation theme, and also money in the Bond Program related to water savings and median islands. The Bond Program currently has $4 million set aside for a future tranche under the Street/Median Island Beautifications line item. The other proposed projects in the budget include:
• FY 27 Temp 18 – Water Conservation and Drought Tolerant Landscaping - The intent of this project is to remove existing decorative turf and irrigation and convert to water efficient and drought-tolerant alternatives, such as native plants, drip irrigation, and ground cover.

Several areas around City Hall have already been converted, and staff is reviewing other $ 120,000,000
$ 100,000,000
$80,000,000
$60,000,000
$40,000,000
$20,000,000
Benchmark Year Ne t Cash
.... .. . .

City of Santa Clara Annual Sales Tax Revenue
.................••••
Neumo / MuniServices
Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

areas around the campus as well. Staff has been working with Valley Water to leverage grant opportunities to assist with the funding.
• FY27 TEMP19 – Median Island Water Conservation and Drought Tolerant Landscape Improvements - The intent of this project is to develop water conservation and drought tolerant landscape standards for medians and other public right of way areas that are in need of renovation. Once these standards are developed, then projects can be established that will remove existing turf/shrubs/plants/irrigation and replace them with things such as native plants, ground cover, and drip irrigation where necessary. Initial areas that have been identified in the proposed budget include medians along Winchester Blvd. and Lafayette Street.

There are currently no stand-alone projects budgeted that will be removing/significantly modifying median islands. These types of improvements are typically reviewed when performing significant roadway modifications like what was recently completed for the Great America Parkway/Mission College Intersection Improvements Project.

19. Question: Bike Lane Delineators were temporarily added around Levi’s Stadium as a safety precaution for the Superbowl and have since been removed. Can these be added back for bicycle safety?
Response: As part of the Superbowl LX operations and regional security planning, the Bay Area Host Committee and NFL installed temporary bike lane delineators along Lafayette Street from Agnew Road to Great America Way to support the bicycle detour associated with the temporary closure of the San Tomas Aquino Creek Trail (STACT) and Stars and Stripes Drive.

For the upcoming FIFA World Cup matches in June and July 2026, these bike delineators will be temporarily installed again by the Bay Area Hose Committee and there are discussions about them remaining permanent after the matches.

20. Question: Which schools have the 15 MPH zones implemented? Are there plans to expand to other schools?
Response: In June 2025, City Council approved an initiative to reduce speed limits on certain streets around schools from 25 to 15 miles per hour (mph) when children are present. Under the California Vehicle Code (CVC), this is allowable for streets that are posted 30 mph or less within a school zone.

The reduced 15 mph speed limit supports the City’s goal of creating safer streets for children walking and biking to school, as lowering speeds in school zones can reduce both the likelihood and severity of collisions for all road users. Installation of 15 mph speed limit signs was completed in late 2025 around the following 28 schools that complied with the CVC speed limit requirements:

1. Bowers Elementary School

2. Bracher Elementary School
Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

3. Briarwood Elementary School

4. Buchser Middle School

5. Cabrillo Middle School

6. Central Park Elementary School

7. Don Callejon Arts and Design School

8. Eisenhower Elementary School

9. Haman Elementary School

10. Hughes Elementary School

11. Laurelwood Elementary School

12. Milikin Elementary School

13. Montague Elementary School

14. Monticello Academy

15. Pomeroy Elementary School

16. Santa Clara Christian School - Monticello Academy

17. Santa Clara Community Day School

18. Scott Lane Elementary School

19. St. Clare School

20. St. Lawrence Elementary & Middle School

21. Stratford School – Pomeroy Avenue

22. Stratford School - Dolores Avenue

23. Sutter Elementary School

24. Washington Open Elementary School

25. New Valley High School

26. Westwood Elementary School

27. Wilcox High School and Santa Clara Adult Education

28. Wilson High School
Staff is not aware of any other schools that meet the CVC speed limit requirements for 15 mph school zones. If there are any other schools City Council would like staff to check, please let us know.

21. Question: How do we prioritize the Downtown? How do we allocate additional funding? Response: The City will be releasing a two phase RFQ/RFP for development on the city owned property in Downtown. In order to best evaluate the development proposals received, staff will be utilizing consultants, some of whom would be selected through a new RFP for Downtown consultants.

In addition, more support is needed to coordinate and provide strategic direction on the multifaceted Downtown implementation work efforts. The budget need for these added support efforts to prioritize Downtown is $400,000 in FY 2026/27.

22. Question: If the City consolidated its offices for utilities/enterprise funds, would it result in any cost savings to the General Fund?
Response: If the City consolidates its offices to include the utility and enterprise funds, those funds will pay their fair share of the cost of the building(s), the tenant improvements, and the ongoing Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

operating and maintenance costs. By combining resources, it may be cost effective for both the General Fund and the enterprise funds.

23. Question: Will the recent Supreme Court ruling result in tariff savings for SVP? Response: While the recent Supreme Court ruling invalidated certain previously imposed reciprocal tariffs, the ruling does not eliminate all tariffs impacting utility-related equipment and materials.

Section 232 of the Trade Expansion Act of 1962 is currently being used to authorize tariffs based on national security concerns.

On April 2, 2026, a Proclamation was issued strengthening Section 232 tariffs on imported steel, aluminum, and copper products. Under the current Section 232 framework:
o Articles made entirely or almost entirely of aluminum, steel, or copper are generally subject to a 50% tariff on the full product value.
o Derivative articles substantially made of steel, aluminum, or copper are generally subject to a 25% tariff on the full product value.
o Certain metal-intensive industrial equipment and electrical grid equipment are subject to a reduced 15% tariff through 2027 to support industrial base buildout currently underway across the United States.
o Products made abroad but entirely with American steel, aluminum, and copper will be subject to lower tariffs of 10%.
o Products made of 15% or less steel, aluminum, or copper are no longer be subject to Section 232 metals tariffs.

Accordingly, the Supreme Court ruling is not expected to result in broad tariff savings for SVP at this time. Many utility-related materials used by SVP, including transformers, conductors, switchgear, substation components, poles, and other electrical infrastructure equipment, may continue to experience tariff-related cost impacts due to the steel, aluminum, and copper content.

24. Question: At the Study Session, there was interest in fast tracking technology implementation.

What is the City’s approach and opportunities in this area? Response: The City’s approach to fast-tracking technology implementation is to focus on solutions that deliver clear operational, service, and compliance benefits and can be implemented quickly without sacrificing security, accessibility, or long-term support.

Over the past year, the IT Department completed 10 projects as well as over 30 system and application upgrades, demonstrating that the City is moving forward at a strong pace. We have also been deploying advanced tools at an accelerated rate when there is a strong opportunity. For example, DocAccess moved from concept to implementation in less than two months, helping address a large majority of the City’s website ADA compliance concerns in a short timeframe.

Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

Looking ahead, we are continuing to identify opportunities to accelerate implementation where solutions are well-defined, practical to deploy, and provide immediate value. We are also evaluating how AI can play a role in every project and solution going forward, where it can improve efficiency, service delivery, analysis, or user experience in a responsible and effective way.

25. Question: Are there public private partnership opportunities? Response: Public-private partnerships (PPPs) are used to deliver public projects, services or infrastructure, such as public transportation networks (e.g., toll roads), airports, convention centers, and wastewater facilities. These partnerships typically share financial, construction, and operational risks. While these partnerships can be used as a financing mechanism and can leverage privatesector innovation, there are potential disadvantages, including higher long-term costs, reduced public control, and inadequate service delivery. The City does partner with a third-party for the operation of the City’s convention center. Any other potential PPP would have to be carefully analyzed to determine if the potential benefits outweigh the risks.

26. Question: There are material variances between the revenues and expenditures that are budgeted and the actuals at year-end, resulting in additional year-end funds being available.

This impacts the ability of the City Council to allocate those funds as part of the annual budget process. How does the administration plan to address this issue? Response: It is projected that FY 2025/26 will end with additional General Fund balance from excess revenues and expenditure savings. In anticipation of additional fund balance, the FY 2026/27 Proposed Budget incorporates an estimate for beginning fund balance equivalent to 2% of revenues and 2% of expenditures totaling $13.9 million. This amount is a funding source in the proposed budget. It is expected that an additional $25 million will be available at the end of FY 2025/26, primarily due to higher revenues. Staff plans to bring forward actions in June 2026 to allocate approximately $7 million of those additional funds to the Infrastructure Replacement Capital Fund, bringing the funding level to 5% of General Fund expenditures, and to allocate a portion of the additional funding to the Capital Projects Reserve.

Given the higher revenue collections, the FY 2026/27 revenue estimates have also been adjusted, with notable increases in the sales tax, transient occupancy tax, interest earnings, and the SVP transfer from the FY 2026/27 estimates included in the FY 2025/26 and FY 2026/27 Adopted Operating Budget adopted in June 2025.

27. Question: How are the revenue estimates for sales tax, property tax, transient occupancy tax, and SVP transfer calculated?
Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

Response: These revenue estimates take into account historical collection patterns, economic conditions and other factors that may impact current and future collections, rate/tax adjustments, and feedback from consultants.
• Sales Tax – As discussed in question #15 above, the sales tax revenue estimate is based on an analysis of actual performance by economic sector, historical collection levels, the revenue estimates from the City’s sales tax consultant, and the overall economic outlook. • Property Tax – The property tax category includes estimates for secured and unsecured property tax. The County of Santa Clara Office of the Assessor and the Controller-Treasurer Department meet quarterly with cities to review property tax revenue allocated to Santa Clara County cities. The Controller-Treasurer Department provides projections on the current year property tax receipts, including updates on the assessed valuation and estimates on anticipated adjustments made from property tax appeals. The current year estimate is used as the starting point in the development of the FY 2026/27 revenue estimate. The County Assessor’s Office also provides information to cities on a monthly basis on the status of the assessment roll for the upcoming year. In addition, the City’s property tax consultant provides a forecasting tool to assist in the development of the property tax revenue estimate. • Transient Occupancy Tax (TOT) – The TOT revenue estimate takes into consideration actual collection patterns, the rate increases implemented in recent years, and growth assumptions post Covid-19. This category was the most impacted by the pandemic, with revenues dropping from $22.5 million pre-pandemic in FY 2018/19 to a low of $2.9 million in FY 2020/21. • SVP Transfer - In accordance with the City’s charter, Silicon Valley Power pays 5.0% of gross revenues to the General Fund. Growth in this category is primarily driven by market projections for electric consumption, resources costs, and projected rate increases for the Electric Utility.

28. Question: Are vacant positions or frozen positions funded? Response: All filled and vacant positions are funded in the budget. To account for vacancies, the budget includes a vacancy factor that reduces the personnel budget by 3% for departments with a total FTE count of over 11, with the exception of the Police Department. As part of the FY 2025/26 and FY 2026/27 Adopted Operating Budget, the Police Department vacancy factor was set at 5.5%, effective through FY 2028/29. The factor is set to revert back to 3% ongoing, beginning in FY 2029/30.

Frozen positions are unfunded in the budget. However, there is a Position Restoration Reserve in the General Fund that would be used to restore those positions.

29. Question: There was interest in developing a basic income pilot program. What would be the options for the City to establish this program? Are CDBDG or HOME funds eligible to be allocated to this type of program?
Attachment 2
FY 2026/27 and FY 2027/28 Biennial Capital Budget
Responses to Questions from the May 5, 2026 Budget Study Session

Response: Universal Basic Income (UBI) is not a viable use for CDBG and HOME funds because there are significant limitations on how these funds can be used. CDBG funds can pay for short-term emergency assistance for up to three months of rent and utility payments. These funds are typically paid to a landlord or utility provider on behalf of the individual whereas UBI programs pay funds directly to program participants. CDBG funds do not provide flexibility or the ~1 year timeline that UBI programs typically require. If CDBG funds were to be used for rental and utility assistance, the City could only use funds set aside for public services which is capped at just over $150,000 in FY 2026/27. This amount is insufficient and would require a reallocation of funds that were approved in the FY 2026/27 Annual Action Plan on May 5, 2026. HOME funds are restricted to eligible affordable housing production or assistance.

It is important to remember that the City already provides deposit and rental assistance through the Tenant Based Rental Assistance program using HOME and local funds. The City is developing a companion rental assistance program using HOME ARP funds that will focus on assisting people who are homeless or at risk of becoming homeless. While these programs are not as flexible as UBI, they greatly reduce costs for households allowing program participants to spend money on other basic necessities. If a philanthropic or other flexible funding source were identified, it could leverage the City’s rental assistance programs by providing income for non-housing expenses.

The City of Mountain View had a basic income pilot program, which ran between December 2022 through December 2024. The Mountain View City Council approved the use of ARPA Funds ($1.0 million in FY 2021/22 and $1.3 million in FY 2022/23) for this program along with $580,500 in local funds. A comprehensive report with results of this pilot is expected to be available in 2026. For more information, please see the 2/22/2022 Mountain View City Council Agenda Item #201401: City of Mountain View - File #: 201401.

30. Question (Public): Is there going to be a time when seniors in the community do not have to pay fees (Senior Center)?
Response: At this time, the Senior Center charges membership and recreation activity fees to help offset a portion of the costs associated with operating the facility and providing programs and services to the community. Based on historical trends, Senior Center fee revenue is projected at approximately $356,000 in FY 2025/26, while FY 2026/27 revenue is projected to be approximately $363,000, depending on future fee adjustments.

In comparison, the annual cost to operate the Senior Center and its programs exceeds $1 million.

While the current fees are intended to support cost recovery, the revenue generated does not fully cover the operational costs of the facility and programs. As a result, eliminating Senior Center fees would create an additional funding gap and would likely require the identification of an alternative ongoing funding source, such as additional General Fund support, to maintain current service levels and programming.

FY 2026/27 and FY 2027/28
Proposed Biennial Capital
Improvement Program Budget
Budget-in-Brief City of
Santa Clara . . . . . .

To Our Santa Clara Residents:

I am pleased to present the Proposed Biennial Capital Budget for fiscal years (FY) 2026/27 and 2027/28 and Five-Year Capital Improvement Program (CIP) as well as proposed amendments to the FY 2026/27 Adopted Operating Budget. This continues the biennial budget process that alternates between an operating and capital budget. This year’s budget focuses on achieving fiscal sustainability, capital infrastructure investment, and supporting the direct services and programs that serve our community.

As a result of the City’s prudent fiscal management and strong revenue growth, the proposed budget accomplishes specific objectives in alignment with the City Council priorities. These accomplishments include:
• No reduction of City programs and services
• Resolving the General Fund structural deficit
• Allocating $2 million for City Council priority initiatives • Funding for capital replacement/maintenance ($12.9 million for new projects)
• Establishing and funding for a new Infrastructure
Replacement Reserve Policy to set aside 3% of General Fund expenditures annually ($10.4 million)
• Funding administrative and project staff to implement the first phase of Measure I capital projects
• Restoring frozen positions
• Adding new positions to address organizational needs and meet performance expectations
The Biennial Capital Budget totals $593 million and the FiveYear CIP totals $1.11 billion, supporting infrastructure improvements throughout the City. Additional investments in these areas are possible due to the voter approval of Measure I in November 2024 that allows the issuance of $400 million in general obligation (GO) bonds as well as the use of the General Fund Capital Projects Reserve.

While the focus of this budget is on capital improvements, there are recommended adjustments to the FY 2026/27 operating budget that was adopted last year as part of the FY 2025/26 and FY 2026/27 Biennial Operating Budget. The General Fund
outlook continues to improve with strong revenue growth.

Budget Milestones:

April 28: Release of Proposed
Budget
May 5: City Council Study
Session on Proposed
Budget
May 19: City Council Study
Session on Proposed
Budget
June 9: Public Hearing and
Adoption of FY
2026/27 and FY
2027/28 Biennial
Capital Budget and
Amendments to the FY
2026/27 Operating
Budget
July 1: Start of Fiscal Year
2026/27
Jōvan Grogan
City Manager
City of Santa Clara Budget-in-Brief
FY 2026/27 and FY 2027/28 Proposed Biennial
Capital Improvement Program Budget
Biennial Capital Improvement Program Budget by Theme
City of Santa Clara Budget-in-Brief
FY 2026/27 and FY 2027/28 Proposed Biennial
Capital Improvement Program Budget
Proposed Capital Improvement Program by Theme
Theme
2026/27
Budget
2027/28
Budget
Total Biennial
Budget
Administrative Facilities $12,707,950 $3,482,500 $16,190,450 Community Facilities $6,693,750 $0 $6,693,750
Convention Center $0 $0 $0
Electric Utility $225,426,000 $171,415,000 $396,841,000 Other Community Projects $3,824,794 $3,779,339 $7,604,133 Parks and Trails $7,296,000 $742,145 $8,038,145
Sewer Utility $30,330,379 $29,553,430 $59,883,809
Solid Waste $1,234,160 $3,060,000 $4,294,160
Storm Drain $19,516,300 $416,000 $19,932,300
Technology and Equipment $557,000 $386,000 $943,000
Transportation $47,180,632 $14,306,541 $61,487,173
Water and Recycled Water Utilities $5,575,000 $5,575,000 $11,150,000 Total Biennial Capital Budget $360,341,965 $232,715,955 $593,057,920 Measure I
GO Bond
Implementation
Capital Project
Delivery
City Services
and
Organizational
Effectiveness
Fiscal
Sustainability
and Planning
for the Future
What Does This Budget Do?
• Measure I: $400 M GO Bonds;
Tranche 1 projects total $96.6M of
which $63.2M is reflected in CIP
• Dedicated staff focused on project
delivery
• Tranche 2 and 3 to be reflected in
future CIPs
• Position changes to address
organizational reviews/other
needs
• More effective service delivery
• Additional adjustments expected
in next Operating Budget
• Significant funding for utility
infrastructure
• Dedicated funds for transportation
projects
• Capital Projects Reserve to
support high priority projects
• Improved General Fund Forecast
addresses structural deficit
• New Infrastructure Replacement
Capital Fund
• Reserve to restore previously
frozen positions
Measure I General Obligation Bond Implementation
Administrative Facilities
General Obligation Bond Projects:
- Fire Station 5 and 7 Replacement
- Fire Training Tower Renovation
- Fire Station Security Upgrade
- Real Time Intelligence Center
Capital Projects Highlights
City of Santa Clara Budget-in-Brief
FY 2026/27 and FY 2027/28 Proposed Biennial
Capital Improvement Program Budget
- Police Training Facility Feasibility and
Assessment
- Police Drone First Responder Infrastructure
- Triton Museum Renovation
The expenditure plan for Measure I is broken down into the categories below. The detailed plan by project is provided in the General Obligation Bond Program Summary in the Proposed Budget document.

Fire Stations and
Emergency
Response
($142,235,450)
Parks, Libraries,
Senior Center, and
Aquatics Facilities
($115,258,750)
Storm Drain System
Improvements
($46,000,000)
Police Facilities
($43,987,500)
Streets and
Transportation
($41,170,000)
Historic Buildings
and Beautification
($9,200,000)
It is expected that the bonds will be issued in three phases and project delivery will go through 2036.

This CIP reflects the projects from the first tranche of bond proceeds. The second and third tranches will be reflected in future CIPs.

Tranche 1 (approx. $100 M): 2026 - 2029
Tranche 2 (approx. $200 M): 2028 - 2033
Tranche 3 (approx. $100 M: 2031 - 2036
ADA Transition Plan Implementation (Public Buildings) – The City Council adopted the Americans with Disabilities Act (ADA) Self-Evaluation and Transition Plan in 2024 for public buildings, parks, and public rights-of-way.

The Plan identified improvements to address barriers to accessibility, methods for improving access, and established timelines and costs for removing ADA barriers. This project implements improvements at public buildings and sites as identified in the Plan.

Maintenance and Repair of City and Historic Buildings – There are four projects that set aside funding to maintain and repair the following: 1) city buildings, 2) historic buildings, 3) the Triton Museum, and 4) Morse Mansion.

Capital Projects Highlights
Electric Utility
Enhancement Projects – These consist of rebuilding, remodeling, renovating, and adding additional capacity or reliability capabilities. SVP plans to increase system capacity and reliability to the transmission and distribution system by completing several projects including: rebuilding and replacing two receiving, expanding the Northern Receiving Station (NRS), adding feeders at Fairview Substation; constructing several 12kV undercrossings; upgrading the equipment at NRS; rebuilding Agnew Substation and expanding Palm Substation; upgrading/reconfiguring the Northwest and South loops; and reconductoring various substation lines.

Major Maintenance Projects – These fund the upkeep of equipment or property, such as major engine overhauls at the Don Von Raesfield (DVR) and Gianera power plants, generation betterments, substation betterments, and miscellaneous street light projects.

New Construction Projects – These include site preparation and construction for entirely new structures and/or significant extensions to existing structures. New business and fiber work is requested by current and prospective customers for expansion and various infrastructure repairs and modifications.

Other Projects – These include new initiatives, such as the carbon reduction through battery implementation and a utility scale battery energy storage system.

City of Santa Clara Budget-in-Brief
FY 2026/27 and FY 2027/28 Proposed Biennial
Capital Improvement Program Budget
Convention Center
Santa Clara Convention Center Condition Assessment Repair – The Convention Center’s CIP is managed by OVG360 and is comprised of projects focused on the maintenance, repair, renovation or replacement of existing systems and infrastructure. The Proposed CIP does not program additional funding, but it is anticipated that existing funding will be carried over to complete various projects that are underway.

Community Facilities
General Obligation Bond Projects:
- Renovation/Expansion of 3 Public Libraries
• Central Library Restrooms & Access Control Redesign
• Central Library Lighting Control System Replacement
• Central Library Entry Auto Door System Replacement
• Central, Mission, and Northside Libraries Renovation Design Central Park Library Carpet Replacement and Repaint Interior – These projects address key maintenance needs in one of the City’s most heavily used public facilities, which welcomed 463,368 visitors in FY 2024/25. Given this high level of daily use, maintaining an attractive and welcoming environment is essential. The carpet and existing building paint are highly visible and contribute to the Library’s appearance. These projects aim to preserve the building’s appearance and extend service life as a valued community asset. - Community ISC Aquatic Facility
Renovation/Replacement
• Community ISC Aquatic Facility
(Phase 1 and Phase 2)
Capital Projects Highlights
Playground Rehabilitations – Prioritized projects include Maywood Park, Earl Carmichael Park, Henry Schmidt
Park, Warburton Park and Mary Gomez Park
Rehabilitations.

Park Improvements and Repairs – This project provides
funding for the refurbishment, repair, or replacement of park assets and amenities, including sports courts,
pathways, parking lots, signage, picnic areas, irrigation systems, restrooms, building exteriors and windows,
sports turf, lighting, HVAC and electrical systems, roofs, and security systems. Specific projects are identified
through park master planning efforts or as replacement
needs arise and are implemented as funding becomes
available.

City of Santa Clara Budget-in-Brief
FY 2026/27 and FY 2027/28 Proposed Biennial
Capital Improvement Program Budget
Parks and Trails
General Obligation Bond Projects:
- Warburton Park Playground Renovations
- Henry Schmidt Park Playground Renovations
Other Community Projects
Measure 1 General Obligation Bond Related Projects – While an expenditure plan allocating Measure I bond funds to various categories has been approved, there remain costs that are not eligible to be funded via the GO bond. These costs include bond project implementation and the furniture, fixtures, and equipment costs necessary for the operations of the facilities that are part of the approved GO bond expenditure plan. Projects are included in the CIP to cover these costs.

Sewer Utility
San José-Santa Clara Regional Wastewater Facility (RWF) – This project funds the City’s share of the RWF
infrastructure rebuild based on the 2013 Plant Master Plan that had an anticipated 30-year rebuilding period. The City owns the RWF jointly with the City of San José.

Sanitary Sewer Condition Assessment – This project funds the ongoing assessment of the City’s sanitary sewer system via CCTV inspections. The most serious deficiencies are prioritized and repaired each year.

Sanitary Sewer Improvements – This project addresses
high priority deficiencies identified through condition assessments.

Capital Projects Highlights
City of Santa Clara Budget-in-Brief
FY 2026/27 and FY 2027/28 Proposed Biennial
Capital Improvement Program Budget
Solid Waste
Sanitary Landfill Development – Post Closure – This project provides for required monthly monitoring, data collection, reporting, repairs and maintenance at the City’s closed landfill.

Emergency Backup and Collection System Enhancements for Closed Landfill – This project adds resilience to the methane gas collection system and flare by installing backup power and gas collection improvements.

Storm Drain
General Obligation Bond Projects:
- Bowers Ave Underpass SDPS Rehabilitation
- Green Storm Drain Design & Construction
- SDPS Motor and Control Replacement
- SDPS Outfall Reconstruction
- Storm Drain Renovations
- Storm Drain System Improvements
Anna Drive Neighborhood Flood Protection – This project upsizes approximately 2,000 linear feet of storm drain pipelines ranging in diameters from 12-inch to 48-inch on Anna Drive between San Tomas Aquino Creek and McCormick Drive. The City received federal funding of $3 million for this project.

Storm Drain Pump Station RTU Upgrade – The City Storm Drain Pump Stations use an RTU (Remote Terminal Unit) that communicates through radio frequency to the SCADA (supervisory control and data acquisition) application. This project upgrades the outdated RTUs, which will provide greater bandwidth capacity to communicate through fiber optic lines with radio frequency backup.

Transportation
Annual Street Maintenance and Rehabilitation Program – This ongoing allocation funds the maintenance and repair of City streets. The repairs include placing surface seals, replacement of curbs and gutters, as well as installation of roadway striping.

Santa Clara Vision Zero – With the support of Federal grant funds, the City will develop a Santa Clara Vision Zero Plan through a robust community engagement process and comprehensive
citywide safety analysis to identify the highest types, locations, severity, and demographics of collisions occurring within the City.

Uncontrolled Crosswalks Improvements – This project will enhance some of the approximately 200 uncontrolled crosswalks in Santa Clara.

General Obligation Bond Projects:
- Street Resurfacing and Rehabilitation
- ADA Improvements
- Creek Trail Rehabilitation
- Bicycle Wayfinding
Capital Projects Highlights
Amendments to the FY 2026/27 Operating Budget
The City Council approved the FY 2025/26 and 2026/27 Biennial Operating Budget in June 2025. While this year’s budget is focused on the capital budget, amendments to the FY 2026/27 Adopted Operating Budget are necessary to reflect the updated revenue estimates and to account for updated labor and non-personnel costs in the General Fund and other funds. Amendments include:
• $2.0 million in the General Fund for City Council priorities; the City Council will determine the use of these one-time funds.
• $1.0 million from the General Fund transferred to the Measure I Bond Projects Furniture, Fixtures and Equipment project in the General Government Capital Fund to cover project-related costs that are ineligible for bond proceeds.
• $10.4 million from the General Fund transferred to a new Infrastructure Replacement Capital Fund to replace capital assets that have reached the end of their useful life. • $3.0 million from the General Fund allocated to a Position Restorations Reserve to unfreeze positions that were frozen to address budget shortfalls in previous years. • A net increase of 30.25 positions from the FY 2026/27 budget approved in June 2025. These changes reflect positions added during FY 2025/26, organizational reviews for various departments, and newly identified needs for departments.

Water and Recycled Water Utilities
New and Replacement Wells – This project funds the study of the feasibility of two new replacement groundwater wells.

Recycled Water System Mains and Services – This project funds the installation, upgrade, or extension of recycled water mains for incoming developments as financially and
practically feasible.

City of Santa Clara Budget-in-Brief
FY 2026/27 and FY 2027/28 Proposed Biennial
Capital Improvement Program Budget
Technology and Equipment
Geospatial Information System (GIS) – This project provides funding towards the City's investment in GIS technologies to build a citywide GIS enterprise system. The goal of Enterprise GIS is to distribute geospatial data and functionality throughout the City while leveraging and integrating department layers.

Replacement VOIP Phone System for Aging Mitel Connect – The current VoIP platform is nearing end-of-life and is exhibiting increasing performance, reliability, and supportability issues. This project will replace the existing system and ensure long-term communication stability.

FY 2026/27 Positions by Department

11.00 2.00 7.00 10.00

25.00 86.00
227.00

95.75 169.50

20.00 8.00

43.00 85.00
234.00
130.50

73.00 0.00

50.00 100.00
150.00
200.00
250.00
Total Positions: 1,226.75
FY 2026/27 Operating Budget
Expenditures by Department
*Excludes internal service funds not tied to a particular department and debt service City of Santa Clara Budget-in-Brief
FY 2026/27 and FY 2027/28 Proposed Biennial
Capital Improvement Program Budget
General
Government
Departments/
Other, $146.8
M, 8.8%
Utility
Departments,
$1,155.9 M,

66.4%
Public Safety
Departments,
$193.9 M,

12.7%
Library, Parks
& Recreation
Departments,
$40.7 M, 2.8%
Department of
Public Works,
$104.1 M,

7.3%
Community
Development
Department, $29.2 M,

2.0%
$1.67
Billion* General
Government
Departments/
Other, $102.3
M, 28% Public Safety
Departments,
$186.3 M,
51%
Library,
Parks &
Recreation
Departments,
$38.5 M,

10.5%
Department of
Public Works,
$32.0 M, 8.8%
Community
Development
Department, $6.3 M,

1.7%
$365.4
Million*
FY 2026/27 Operating Budget
Expenditures by Department
(General Fund only)
__ .1 I
The Budget-in-Brief is intended to provide an overview of the City of Santa Clara’s FY 2026/27 and FY 2027/28 Proposed Biennial Capital Improvement Program Budget. The complete budget document can be accessed on the Finance Department’s website at: https://www.santaclaraca.gov/our-city/departments-a-f/finance Questions about this report should be directed to:

City of Santa Clara - Finance Department
1500 Warburton Avenue
Santa Clara, CA 95050
(408) 615-2340
Roster of City Officials
Mayor Lisa M. Gillmor
Vice Mayor, Councilmember District 1 Albert Gonzalez
Councilmember District 2 Raj Chahal
Councilmember District 3 Karen Hardy
Councilmember District 4 Kevin Park
Councilmember District 5 Sudhanshu “Suds” Jain
Councilmember District 6 Kelly G. Cox
City Manager Jōvan Grogan
City Attorney Glen Googins
City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
26-416 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Continuance of the Third Zoning Code Cleanup Ordinance and Rezoning of Properties Currently Designated TN (Transit Neighborhood) to R6 (Transit Neighborhood Residential)

DISCUSSION
Staff are requesting a continuance of this item to the July 14, 2026 City Council meeting to allow additional time for review and preparation of the resolution and related documents. Because this is a City-initiated project, there are no private applicants involved.

ENVIRONMENTAL REVIEW
No environmental determination is necessary for a continuance. An environmental determination will be included with the July 14th report.

PUBLIC CONTACT
A newspaper notice was published in the March 18, 2026 issue of the Santa Clara Weekly describing the proposed adoption of the Third Zoning Code Cleanup Ordinance and the proposed changes to the Zoning Map. Should the Council open the public hearing and then continue the hearing for this project to July 14, 2026, additional noticing will not be required.

RECOMMENDATION
Staff recommend that the City Council open the public hearing on this item and then immediately continue the proposed project to July 14, 2026.

Prepared by: Afshan Hamid, Community Development Director Approved by: Jovan Grogan, City Manager
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
26-420 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Recognition of Outgoing Youth Commission Members for FY 2025/26

BACKGROUND
The City of Santa Clara Youth Commission was established in 1995 to act in an advisory capacity to the City Council and provide relevant insight on youth and teen issues affecting the community. Since its inception, the 15-member Youth Commission has provided a youth perspective and voice, as well as opportunities for civic engagement, service, leadership training, and peer support, including recommendations for new City facilities and programs that support an active and healthy youth population.

DISCUSSION
The City Council will recognize the service of each of the outgoing members of the Santa Clara Youth Commission for FY2025/26. The Youth Commissioners to receive recognition are:

Name Years of Commission Service
Malia Martin 5
Samarth Suresh 5
Samaira Mehta 4
Namita Gaidhani 3
Julianna Arias Hernandez 2
Rebecca Kunze 2
Niharika Uppalapati 1

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(5) in that it is a governmental organizational or administrative activity that will not result in direct or indirect changes in the environment.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected].

Prepared by: Gayle Ichiho, Recreation Supervisor
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26-420 Agenda Date: 5/19/2026
Reviewed by: Damon Sparacino, Director of Parks & Recreation Approved by: Jovan D. Grogan, City Manager
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Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
26-421 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Action on the Appointment of Youth Commissioners for the FY 2026/27 Term

BACKGROUND
The Youth Commission serves in an advisory capacity to the City Council and makes recommendations on matters pertaining to the Santa Clara youth and teen population, particularly as they relate to municipal programs and City projects. The City Commission operates under the supervision of a staff liaison from the Parks & Recreation Department.

The Youth Commission was established in 1995 by Ordinance No. 1673, with eligibility criteria, powers, and responsibilities outlined in Resolution No. 6047. The candidate selection and recommendation process was updated in 2019 by Resolution No. 19-8706.

DISCUSSION
The Youth Commission is comprised of fifteen (15) appointed members and three (3) alternates. As of April 2026, eight (8) Youth Commissioners are eligible for reappointment, resulting in seven (7) Youth Commissioner vacancies, and three (3) alternate position vacancies to be filled by Council appointment.

On March 14, 2026, a selection panel interviewed twenty-three (23) candidates for the City of Santa Clara Youth Commission. In accordance with the approved process, the panel consisted of the Commission’s Staff Liaison, a Parks & Recreation Department Recreation Supervisor, and the outgoing Youth Commission Chairperson. The applicants were screened for eligibility and evaluated on their ability to represent the City’s youth and teen population on the Youth Commission.

Following the interview process, the selection panel recommends the reappointment of eight (8) existing eligible commissioners, the appointment of seven (7) eligible candidates to serve on the Commission, and the conditional appointment of three (3) eligible candidates to serve as alternates.

The alternates are non-voting members who will attend meetings and may fill a vacancy if a Youth Commissioner is unable to complete their term. Each Commissioner will serve a one-year term beginning in September 2026 and ending in May 2027. All recommended candidates meet the eligibility requirement of being a City of Santa Clara resident between the ages of 12 and 19.

Table 1 below identifies the candidates recommended for reappointment, appointment, and conditional appointment to serve as alternates for the FY 2026/27 Youth Commission.

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Table 1. Recommended Youth Commission Appointments for FY 2026/27 A. Returning Commissioners Eligible for Reappointment
Name Grade School Entering Fall 2026
Seoyun Chong 11 Archbishop Mitty High School
Allysa Domensino 11 Santa Clara High School
Mateo Espinal 12 Santa Clara High School
Srikha Gopisetti 12 Wilcox High School
Neha Israni 12 Cupertino High School
Drew Madriaga 12 Wilcox High School
Brian Rong 12 Lynbrook High School
Aneesha Vemu 12 Archbishop Mitty High School
B. Candidates Recommended for Appointment
Name Grade School Entering Fall 2026
Aryav Ahuja 9 Archbishop Mitty High School
Nikhil Gupta 10 Archbishop Mitty High School
Hunar Kaur 11 Santa Clara High School
Sahana Mahesh 9 Santa Clara High School
Nevan Molina 10 Cupertino High School
Shwasa Muttumu 11 Notre Dame High School
Ibrahim Rayees 11 University Preparatory Academy
C. Candidates Recommended for Conditional Appointment as Alternates Name Grade School Entering Fall 2026
Maryam Shaahid 9 Granada Islamic School
Aditri Bhatla 9 Santa Clara High School
Hannah Mercado 11 Archbishop Mitty High School

FISCAL IMPACT
The fiscal impacts associated with the approval of appointments to the Youth Commission for the FY 2026/27 term include staff support, Commissioner training, and meeting-related expenses. These costs are included in the Parks & Recreation Department’s Adopted Operating Budget for FY 2026/27.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected].

RECOMMENDATION
That Council takes the following actions related to the FY2026/27 Youth Commission:

1. Reappoint Seoyun Chong, Allysa Domensino, Mateo Espinal, Srikha Gopisetti, Neha Israni, Drew City of Santa Clara Page 2 of 3 Printed on 5/15/2026
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26-421 Agenda Date: 5/19/2026
Madriaga, Brian Rong, and Aneesha Vemu as Youth Commissioners;

2. Appoint Aryav Ahuja, Nikhil Gupta, Hunar Kaur, Sahana Mahesh, Nevan Molina, Shwasa Muttumu, and Ibrahim Rayees as Youth Commissioners; and

3. Appoint Maryam Shaahid, Aditri Bhatla, and Hannah Mercado as alternates to the Youth Commission.

Prepared by: Richard Casem, Recreation Coordinator
Reviewed by: Damon Sparacino, Director of Parks & Recreation Approved by: Jovan D. Grogan, City Manager
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26-306 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Proclamation of May 2026 as Asian American and Pacific Islander Heritage Month

BACKGROUND
Asian American and Pacific Islander Heritage (AANHPI) Month began in 1977, when Congress proposed bills for the creation of a month to celebrate the contributions and history of Asian American and Pacific Islanders in the United States. In 1992 Congress passed a law designating May as Asian American and Pacific Islander Heritage Month.

The month of May was chosen to commemorate the immigration of the first Japanese to the United States on May 7, 1843, and to mark the anniversary of the completion of the transcontinental railroad on May 10, 1869. Most of the workers who laid the tracks were Chinese immigrants.

Asian American and Pacific Islander Heritage Month recognizes and commends the contributions of Asian Americans and Pacific Islander (AAPI) Americans throughout the community. It is a celebration of a broad group of people. Asian/Pacific encompasses all of the Asian continent and the Pacific islands of Melanesia (New Guinea, New Caledonia, Vanuatu, Fiji and the Solomon Islands), Micronesia (Marianas, Guam, Wake Island, Palau, Marshall Islands, Kiribati, Nauru and the Federated States of Micronesia) and Polynesia (New Zealand, Hawaiian Islands, Rotuma, Midway Islands, Samoa, American Samoa, Tonga, Tuvalu, Cook Islands, French Polynesia and Easter Island).

The 2026 theme is “Power in Unity: Strengthening Communities Together.” This theme emphasizes leveraging collective strength, fostering collaboration, and investing in future AANHPI leaders.

DISCUSSION
At the May 5, 2026, City Council meeting, the Council will proclaim May 2026 as Asian American and Pacific Islander Heritage Month to honor and recognize the AAPI community.

Representatives from the Asian American and Pacific Islander community will be present to accept the proclamation.

ENVIRONMENTAL REVIEW
This is an information report only and no action is being taken by the City Council and no environmental review under the California Environmental Quality Act ("CEQA") is required.

FISCAL IMPACT
There is no fiscal impact to the City other than staff time.

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PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

Reviewed by: Aimee Escobar, Management Analyst, City Manager’s Office Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. Proclamation of May 2026 as Asian American and Pacific Islander Heritage Month City of Santa Clara Page 2 of 2 Printed on 5/15/2026
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City of SantaClara
WHEREAS, in 1990, the first Asian/Pacific American Heritage Month was designated by presidential proclamation and in 1992, Congress permanently designated May of each year as a monthlong celebration that is now known as Asian American Pacific Islander Heritage Month (AANHPI); and
WHEREAS, on March 23, 2021, the Santa Clara City Council adopted Resolution 21-8953 affirming the City of Santa Clara’s commitment to stand against and condemn violence and hate crimes against Asian Americans and Pacific Islanders; and WHEREAS, Asian American Pacific Islander Heritage Month is recognized each May to celebrate and pay tribute to the contributions made to the history of the United States by generations of Asian Americans and Pacific Islanders; and WHEREAS, this year’s theme, “Power in Unity: Strengthening Communities Together” emphasizes leveraging collective strength, fostering collaboration, and investing in future AANHPI leaders.

NOW, THEREFORE, I, LISA M. GILLMOR, by virtue of the authority vested in me as Mayor, and on behalf of the City of Santa Clara, do hereby proclaim the month of May 2026, as

ASIAN AMERICAN & PACIFIC ISLANDER HERITAGE MONTH
in the City of Santa Clara and encourage all community members to observe this month by learning more about the rich history of Asian Americans and Pacific Islanders and their significant contributions to our nation’s history.

Given under my hand and the Seal of the City of Santa Clara, California, this 19th day of May 2026.

LISA M. GILLMOR

MAYOR, CITY OF SANTA CLARA

ALBERT GONZALEZ
VICE MAYOR, DISTRICT 1

RAJ CHAHAL
COUNCILMEMBER, DISTRICT 2

KAREN HARDY
COUNCILMEMBER, DISTRICT 3

KEVIN PARK
COUNCILMEMBER, DISTRICT 4

SUDS JAIN
COUNCILMEMBER, DISTRICT 5
KELLY G. COX
COUNCILMEMBER, DISTRICT 6
Proclamation
City of Santa Clara
Agenda Report
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Santa Clara, CA 95050
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26-402 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Recognition of the Santa Clara Women’s League Donation of $24,000 to Support the Senior Center Health & Wellness Case Management Program and the “Be Strong, Live Long 2026” Health & Wellness Fair and Approve Related Budget Amendment

BACKGROUND
For over 40 years, the Santa Clara Women’s League has hosted its annual Showtime melodrama in support of the City’s Senior Center Health & Wellness Case Management Program. Due to the success of the fundraising and Showtime melodrama, the Santa Clara Women’s League has offered a donation to the City in the amount of $24,000.

In accordance with Council Policy 051, Donations to the City, the City Manager’s Office has reviewed and approved the receipt of the $24,000 donation from the Santa Clara Women’s League. The donation aligns with the City’s goals and objectives and is in the best interest of the City. Pending Council approval, the donation will be allocated to the Public Donations Fund to support the Senior Center’s Health & Wellness Case Management Program and the “Be Strong, Live Long 2026” Health & Wellness Fair.

DISCUSSION
Per Council Policy 051, donations of $1,000 or more require that the donor be invited to a Council Meeting for recognition under Special Order of Business and receive a letter of acceptance and appreciation signed by the Mayor and City Manager. As such, the Santa Clara Women’s League will be recognized for its generous donation and continued collaboration in support of City programs.

Acceptance of this $24,000 donation will support public health education efforts, including the “Be Strong, Live Long 2026” Health & Wellness Fair. It will also help fund services such as healthcare and social service navigation systems, care management services, social engagement opportunities, educational and fitness classes, and public health screenings for older adults in the Santa Clara community.

This contribution strengthens the City’s services, increases community engagement and collaboration, supports the City’s senior programs and activities, and encourages broader financial support for vital community services.

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(5) in that it is a governmental organizational or administrative activity that will not result in direct or indirect changes in the environment.

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FISCAL IMPACT
The $24,000 donation from the Santa Clara Women’s League will support the Senior Center Health & Wellness Case Management Program, enabling continued delivery of public health and social services, including funding for supplies and materials used in presentations and special events. Staff recommend recognizing and appropriating the donation to the Public Donations Fund in FY 2025/26.

The recommended budget actions are summarized below.

Budget Amendment
FY 2025/26
Current Increase/
(Decrease)
Revised
Public Donations Fund
Revenues
Donations $40,797 $24,000 $64,797
Expenditures
Case Management Grant $105,357 $24,000 $129,357

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION

1. Accept the donation from the Santa Clara Women’s League;

2. Authorize the Mayor and City Manager to sign a letter of appreciation; and

3. Approve the FY 2025/26 budget amendments in the Public Donations Fund to recognize the Santa Clara Women’s League donation in the amount of $24,000 and appropriate it to the Case Management Grant (five affirmative Council votes required to appropriate additional revenue) .

Reviewed by: Damon Sparacino, Director of Parks & Recreation Department Approved by: Jovan D. Grogan, City Manager
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26-345 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Proclamation of May 2026 as Myositis Awareness Month

BACKGROUND
Myositis is a rare, chronic autoimmune disease characterized by inflammation of the muscles, leading to muscle weakness, fatigue, and pain. It occurs when the immune system mistakenly attacks muscle tissue, often affecting the hips, shoulders, and neck. Treatment includes immunosuppressants, steroids, and physical therapy to manage symptoms, as no cure currently exists.

All forms of myositis combined affect an estimated 75,000 people in the U.S. Families in California are affected by this debilitating disease and have very few treatment options. Moreover, national statistics indicate that approximately 1 in 10 people in California are living with a rare disease.

DISCUSSION
During the month of May, hundreds of neighbors and thousands of people across the United States will join The Myositis Association (TMA) in observing this special awareness month.

Myositis Awareness Month special events and activities will help foster a deeper understanding of myositis. Individuals and families affected by myositis will be sharing their stories on social media; in radio, TV, and newspaper interviews; and at community events here in California and across the United States.

The City of Santa Clara has a strong history of support for its citizens’ causes. By declaring May 2026 as Myositis Awareness Month in Santa Clara it will help raise awareness within the community.

Vickie Fairchild, a current Board Member with the Santa Clara Unified School District (SCUSD), who is afflicted with Myositis Antesynthetase and Interstitial Lung Disease caused by Myosistis will be in attendance to receive the proclamation.

ENVIRONMENTAL REVIEW
This is an information report only and no action is being taken by the City Council and no environmental review under the California Environmental Quality Act ("CEQA") is required.

FISCAL IMPACT
There is no fiscal impact to the City other than staff time.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board City of Santa Clara Page 1 of 2 Printed on 5/15/2026
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26-345 Agenda Date: 5/19/2026
outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

Reviewed by: Aimee Escobar, Management Analyst, City Manager’s Office Approved by: Jovan Grogan, City Manager

ATTACHMENTS

1. Proclamation of May 2026 as Myositis Awareness Month City of Santa Clara Page 2 of 2 Printed on 5/15/2026
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City of SantaClara
WHEREAS, idiopathic inflammatory myopathies (collectively referred to as myositis) are rare, chronic, autoimmune muscle wasting diseases and, often features debilitating muscle inflammation and other symptoms, such as pain, fatigue, and trouble swallowing and may result in myositisassociated interstitial lung disease; and WHEREAS, more research is needed to identify the causes of and modes of treatments for the myositis group of diseases, which includes anti-MDA5 autoantibody positive myositis; antisynthetase syndrome; dermatomyositis; juvenile dermatomyositis; immune-mediated necrotizing myopathy; inclusion body myositis; and polymyositis; and
WHEREAS, myositis is difficult to diagnose, so treatment is often delayed, and individuals generally experience difficulty finding a health care provider with expertise in their condition and all who suffer with myositis experience reduced quality of life and a shortened life expectancy; and WHEREAS, the Myositis Association (TMA) is the leading international patient advocacy organization serving the myositis community, focusing on patient services, education, research, and public awareness, so as to achieve a world without myositis.

NOW, THEREFORE, I, LISA M. GILLMOR, by virtue of the authority vested in me as Mayor, and on behalf of the City of Santa Clara, do hereby proclaim the month of May 2026, as

MYOSITIS AWARENESS MONTH
in the City of Santa Clara and all residents are encouraged to come together, learn more about all the forms of myositis and its symptoms, and support the families in our community who will benefit from greater awareness of these rare diseases.

Given under my hand and the Seal of the City of Santa Clara, California, this 19th day of May 2026.

LISA M. GILLMOR

MAYOR, CITY OF SANTA CLARA

ALBERT GONZALEZ
VICE MAYOR, DISTRICT 1

RAJ CHAHAL
COUNCILMEMBER, DISTRICT 2

KAREN HARDY
COUNCILMEMBER, DISTRICT 3

KEVIN PARK
COUNCILMEMBER, DISTRICT 4

SUDS JAIN
COUNCILMEMBER, DISTRICT 5
KELLY G. COX
COUNCILMEMBER, DISTRICT 6
Proclamation
v>l~ ~
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26-528 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Recognition of the Recipients of the Fourth Annual Silicon Valley Power Sustainable Futures Scholarship Program in Partnership with Santa Clara University

BACKGROUND
The Silicon Valley Power Sustainable Futures Program provides scholarships and fellowships to up to 35 future leaders in sustainability, clean energy, climate action and related fields. On May 19, 2026, the City Council will recognize the Silicon Valley Power Sustainable Futures Program fellows from Santa Clara University.

DISCUSSION
On June 7, 2022, the City of Santa Clara City Council unanimously approved the Silicon Valley Power Sustainable Futures Program, which will provide scholarships and fellowships to up to 35 leaders in sustainability over 5 years, clean energy and related fields. Each year there are four scholarship recipients and three fellows. The goal of the program is to develop a pipeline future leaders in sustainability and clean energy.

The innovative, five-year program is funds an annual grant of $75,000 per year for a total of $375,000 from Silicon Valley Power (SVP). Selected students will use the funds to attend and receive advanced opportunities at Santa Clara University and its award-winning environmental and sustainability curriculum.

The program is designed to improve students’ skill sets to compete for emerging green jobs. The skill requirements are expanding rapidly, particularly in the Bay Area, where energy, sustainability and climate drivers are leading the way in accelerating this field.

On July 18, 2025, the City of Santa Clara funded an additional grant of $138,720 for the creation of a two-year Postbaccalaureate Fellow position. Leonie Casper was hired for this role in August 2025 and has since connected program recipients with sustainability careers through mentoring current scholars and fellows, providing project-based oversight, and facilitating professional development opportunities. She has also contributed to hosting relevant events and liaising while identifying future projects relevant to the City’s Climate Action Plan, and supporting the implementation of completed fellow project deliverables and policy recommendations into practice.

In this fourth year of the SVP Sustainable Futures Program, the City had the pleasure of collaborating with three fellows. The fellows have prepared summaries of the projects they have been working on this year to share with the City Council. The City Council will recognize and hear from the following SVP Sustainable Futures Program, Santa Clara University fellows:

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· Isabella Gomez is a junior studying Philosophy and Environmental Studies. As a fellow, she has been analyzing the most effective ways to promote widespread implementation of native plants. Through benchmarking and interviews with local stakeholders, Isabella has researched ways to incentivize Santa Clara residents, businesses, and parks to plant more native plants over introduced plants, while ensuring that the city has active engagement with local native communities over discussions on native plants and Traditional Ecological Knowledge. · Gigi Jones is a senior studying Environmental Studies and Entrepreneurship. As a fellow, she has been researching barriers to retrofitting from gas to electric stoves, using equity considerations to inform decision-making and reduce energy burdens. Through a survey of City of Santa Clara homeowners, Gigi's results will help Silicon Valley Power assess how to best encourage stove retrofitting upgrades, and accompanying human and electrification benefits, into the future.
· Ximena Garcia-Isabelli is a senior studying Environmental Science and Biology. As a fellow, she has been using mapping and analytics software to research which communities in Santa Clara will be most affected by Urban Heat Islands, and to examine feasibility of various heat adaptation solutions in these zones so vulnerable areas can be targeted for green infrastructure investment.

ENVIRONMENTAL REVIEW
This is an information report only and no action is being taken by the City Council and no environmental review under the California Environmental Quality Act (“CEQA”) is required.

Accordingly, the action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(5) in that it is a governmental organizational or administrative activity that will not result in direct or indirect changes in the environment.

FISCAL IMPACT
Funding for this project was authorized on June 7, 2022 under Council item 22-655 and funds are budgeted in SVP's Electric Utility Fund in the advertising and community promotion operating budget.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

Reviewed by: Reena Brilliot, Director of Economic Development and Sustainability Approved by: Jovan Grogan, City Manager
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26-577 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Action on the April 7, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting, April 14, 2026 Special City Council Meeting, and April 21, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting Minutes

RECOMMENDATION
Approve the April 7, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting, April 14, 2026 Special City Council Meeting, and April 21, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting Minutes.

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5:30 PM Hybrid Meeting
City Hall Council Chambers/Virtual
1500 Warburton Avenue
Santa Clara, CA 95050
04/07/2026
City of Santa Clara Page 1 Printed on 05/14/2026
City of Santa Clara
Meeting Minutes of the
Joint City Council and Authorities Concurrent &
Santa Clara Stadium Authority Board
Draft
The City of Santa Clara is conducting City Council meetings in a hybrid manner (in-person and continues to have methods for the public to participate remotely). • Via Zoom:
o https://santaclaraca.zoom.us/j/99706759306
Meeting ID: 997-0675-9306
o Phone 1(669) 900-6833
How to Submit Written Public Comment Before City Council Meeting:

1. Use the eComment tab located on the City Council Agenda page https://santaclara.legistar.com/Calendar.aspx). eComments are directly sent to the iLegislate application used by City Council and staff, and become part of the public record. eComment closes 15 minutes before the start of a meeting.

2. By email to [email protected] by 12 p.m. the day of the meeting. Those emails will be forwarded to the Council and will be uploaded to the City Council Agenda as supplemental meeting material. Emails received after the 12 p.m. cutoff time up through the end of the meeting will form part of the meeting record. Please identify the Agenda Item Number in the subject line of your email.

NOTE: Please note eComments and Emails received as public comment will not be read aloud during the meeting.

Agendas, Staff Reports and some associated documents for City Council items may be viewed on the Internet at https://santaclara.legistar.com/Calendar.aspx All public records relating to an open session item on this agenda, which are not exempt from disclosure pursuant to the California Public Records Act, that are distributed to a majority of the legislative body will be available for public inspection at the Office of the City Clerk at Santa Clara City Hall, 1500 Warburton Avenue, Santa Clara, CA 95050 at the same time that the public records are distributed or made available to the legislative body. Any draft contracts, ordinances and resolutions posted on the Internet site or distributed in advance of the Council meeting may not be the final documents approved by the City Council. For the final document, you may contact the Office of the City Clerk at (408) 615-2220 or [email protected].

Meeting Minutes 04/07/2026
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5:30 PM CLOSED SESSION
Call to Order in the Council Chambers
Mayor Gillmor called the Closed Session to order at 5:34 PM.

Confirmation of Quorum

1. 26-362
Deputy City Clerk Nguyen confirmed a quorum.

Conference With Legal Counsel--Anticipated Litigation
Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 5495
Number of Potential Cases: 1
Claimant: 1220 Santa Clara Propco, LLC (STACK Infrastructure, Inc.), claim attached
Public Comment
None.

Convene to Closed Session (Sparacino Conference Room)
Mayor Gillmor adjourned into Closed Session at 5:36 PM. 7:00 PM JOINT CITY COUNCIL/STADIUM AUTHORITY BOARD MEETING Call to Order in the Council Chambers
Mayor/Chair Gillmor called the regular meeting to order at 7:04 PM.

Pledge of Allegiance and Statement of Values
Council/Board recited the Pledge of Allegiance.

Council/Boardmember Cox recited the Statement of Values.

Closed Session - 5:30 PM | Regular Meeting - 7:00 PM
Joint Council and Authorities Concurrent
& Stadium Authority Board Meeting
Meeting Minutes 04/07/2026
Roll Call
Deputy City Clerk/Secretary Nguyen recited the AB23 announcement and Statement of Behavioral Standards.

Deputy City Clerk/Secretary Nguyen also noted that any registered Lobbyist speaking during the Public Meeting will need to identify themselves and whom they represent.

Mayor/Chair Gillmor called for a moment of silence in remembrance of Rod Diridon, Sr.

Council/Board comments followed.

Vice Mayor/Chair Albert Gonzalez, Council/Boardmember Raj Chahal, Council/Boardmember Karen Hardy, Council/Boardmember Kevin Park, Council/Boardmember Suds Jain, Council/Boardmember Kelly Cox, and Mayor/Chair Lisa M. Gillmor

Present: 7 -

REPORTS OF ACTION TAKEN IN CLOSED SESSION MATTERS
City Attorney Googins reported that there was no reportable action from Closed Session.

CONTINUANCES/EXCEPTIONS/RECONSIDERATIONS
None.

SPECIAL ORDER OF BUSINESS

2.A 26-381 Presentation from Valley Transportation Authority Sam Sargent (Director of Strategy and Transformation, Valley Transportation Authority) provided a Powerpoint presentation on the Regional Transportation Revenue Measure.

Council comments followed.

2.B 26-294 Proclamation of April 19-25, 2026 as National Library Week Mayor Gillmor, on behalf of the Council, proclaimed April 19-25, 2026 as National Library Week.

City Librarian Wong and Jonathon Evans (Chair, Board of Library Trustees) accepted the proclamation and provided some remarks.

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2.C 26-303 Proclamation of April 2026 as Autism Awareness Month Mayor Gillmor, on behalf of the Council, proclaimed April 2026 as Autism Awareness Month.

Francisco Valenzuela (Community Relations Manager, San Andreas Regional Center) and Pamela Kerman (Vice President, San Andreas Regional Board of Directors) accepted the proclamation and provided some remarks.

2.D 26-304 Proclamation of April 2026 as American Muslim Appreciation and Awareness Month
Mayor Gillmor, on behalf of the Council, proclaimed April 2026 as American Muslim Appreciation and Awareness Month.

Musa Tariq (Policy Coordinator, Council on American-Islamic Relations) accepted the proclamation and provided some remarks.

CONSENT CALENDAR
Mayor Gillmor pulled Item 3.F.

City Manager Grogan noted that the recommendation on Item 3.C should read $1,600,000 not $1,600,00.

A motion was made by Council/Boardmember Chahal, seconded by Vice Mayor/Chair Gonzalez, to approve the balance of the Consent Calendar (except Item 3.F)

Aye: Vice Mayor/Chair Gonzalez, Council/Boardmember Chahal, Council/ Boardmember Hardy, Council/Boardmember Park, Council/
Boardmember Jain, Council/Boardmember Cox, and Mayor/Chair Gillmor 7 -
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3.A 26-7 Board, Commissions and Committee Minutes
Recommendation: Note and file the Minutes of:

Governance and Ethics Committee Special Meeting - January 16, 2026 Governance and Ethics Committee Special Meeting - October 30, 2025 Station Area Task Force - November 20, 2025
Audit Committee - September 22, 2025
Audit Committee - November 24, 2025
Charter Review Committee Meeting - October 1, 2025
Charter Review Committee Meeting - October 22, 2025
Charter Review Committee Meeting - November 19, 2025
Charter Review Committee Meeting - January 21, 2026
Charter Review Committee Meeting - February 18, 2026
A motion was made by Councilmember Chahal, seconded by Vice Mayor Gonzalez, to Note and file the Minutes of: Governance and Ethics Committee Special Meeting - January 16, 2026, Governance and Ethics Committee Special Meeting - October 30, 2025, ,Station Area Task Force - November 20, 2025, Audit Committee - September 22, 2025, Audit Committee - November 24, 2025, Charter Review Committee Meeting - October 1, 2025, Charter Review Committee Meeting - October 22, 2025, ,Charter Review Committee Meeting - November 19, 2025, Charter Review Committee Meeting - January 21, 2026, and Charter Review Committee Meeting - February 18, 2026.

Aye: Vice Mayor Gonzalez, Councilmember Chahal, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor
7 -
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3.B 26-62 Action to Authorize City Manager to Negotiate and Execute on Materials Testing and Special Inspection Services Agreements for Public Works Projects with Achievement Engineering Corp.; CTE Cal, Inc.; ISI Inspection Services, Inc.; Ninyo & Moore Geotechnical and Environmental Sciences Consultants; Signet Testing Labs, Inc.; and Twining, Inc.

Recommendation: 1. Authorize the City Manager to negotiate and execute agreements with Achievement Engineering Corp ($350,000), CTE Cal, Inc.($350,000), ISI Inspection Services, Inc. ($350,000), Ninyo & Moore Geotechnical and Environmental Sciences Consultants ($350,000), Signet Testing Labs, Inc.($350,000), and Twining, Inc. ($350,000) to perform on-call materials testing and special inspection services, each with a an initial maximum compensation of $350,000, for a combined amount not-to-exceed $2,100,000 over the three-year terms of the agreements, in forms substantially similar to Attachment 1 and subject to the final approval as to form by the City Attorney;

2. Authorize the City Manager to amend agreement not-to-exceed amounts as long as the cumulative total of all the agreements does not exceed $2,100,000 subject to annual appropriations; and

3. Authorize the City Manager to exercise up to two one-year extensions for each agreement and make minor modifications to the agreements, if necessary.

A motion was made by Councilmember Chahal, seconded by Vice Mayor Gonzalez, to (1) authorize the City Manager to negotiate and execute agreements with Achievement Engineering Corp
($350,000), CTE Cal, Inc.($350,000), ISI Inspection Services, Inc. ($350,000), Ninyo & Moore Geotechnical and Environmental Sciences Consultants ($350,000), Signet Testing Labs, Inc. ($350,000), and Twining, Inc. ($350,000) to perform on-call materials testing and special inspection services, each with a an initial maximum compensation of $350,000, for a combined amount not-to-exceed $2,100,000 over the three-year terms of the agreements, in forms substantially similar to Attachment 1 and subject to the final approval as to form by the City Attorney; (2) authorize the City Manager to amend agreement not-to-exceed amounts as long as the cumulative total of all the agreements does not exceed $2,100,000 subject to annual appropriations; and (3) authorize the City Manager to exercise up to two one-year extensions for each agreement and make minor modifications to the agreements, if necessary.

Aye: Vice Mayor Gonzalez, Councilmember Chahal, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor
7 -
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3.C 26-63 Action to Authorize the City Manager to Negotiate and Execute Construction Management and Inspection Services Agreements for Public Works Projects with 4Leaf Inc., Consor North America, Inc., CSG Consultants, Swinerton Management & Consulting, LLC, and Zoon Engineering
Recommendation: 1. Authorize the City Manager to negotiate and execute agreements with 4Leaf Inc., Consor North America, Inc., CSG Consultants, Swinerton Management & Consulting, LLC, and Zoon Engineering, each with an initial maximum compensation amount of $1,600,00, to perform on-call construction management and inspection services for a combined amount not-to-exceed $8,000,000 over the initial three-year terms of the agreements, in forms substantially similar to Attachment 1 and subject to the final approval as to form by the City Attorney;

2. Authorize the City Manager to exercise up to two, one-year extensions for each agreement and make minor modifications to the agreements, if necessary; and

3. Authorize the City Manager to adjust compensation amounts between the agreements and to amend agreement not-to-exceed amounts up to an aggregate amount of $10,000,000 subject to budget appropriations.

A motion was made by Councilmember Chahal, seconded by Vice Mayor Gonzalez, to (1) authorize the City Manager to negotiate and execute agreements with 4Leaf Inc., Consor North America, Inc., CSG Consultants, Swinerton Management & Consulting, LLC, and Zoon Engineering, each with an initial maximum compensation amount of $1,600,00, to perform on-call construction management and inspection services for a combined amount not-to-exceed $8,000,000 over the initial three-year terms of the agreements, in forms substantially similar to Attachment 1 and subject to the final approval as to form by the City Attorney; (2) authorize the City Manager to exercise up to two, one-year extensions for each agreement and make minor modifications to the agreements, if necessary; and (3) authorize the City Manager to adjust compensation amounts between the agreements and to amend agreement not-to-exceed amounts up to an aggregate amount of $10,000,000 subject to budget appropriations.

Aye: Vice Mayor Gonzalez, Councilmember Chahal, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor
7 -
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3.D 26-380 Update to Council on Charter Review Committee Progress with its Assigned “Charter Project” Proposed Plan for Charter Reorganization, and Proposed Schedule for City Council Consideration and Action Recommendation: Note and file the report.

A motion was made by Councilmember Chahal, seconded by Vice Mayor Gonzalez, to note and file the report.

Aye: Vice Mayor Gonzalez, Councilmember Chahal, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor
7 -

3.E 26-148 Action on Resolution Establishing the Political Campaign Voluntary Expenditure Limit and Campaign Contribution Limits for the November 3, 2026, Municipal Election; Information on Levine Act (SB1439) Requirements
Recommendation: Adopt a Resolution establishing the Political Campaign Voluntary Expenditure Limit and Campaign Contribution Limit for the November 3, 2026 General Municipal Election with:

1. The voluntary expenditure limit based on CPI adjustments set to $55,890 for city-wide contests and $29,590 for district-based contests; and

2. The individual campaign contributions based on CPI adjustments set to $760 for candidates who accept the voluntary expenditure limit and $380 for candidates who do not accept the voluntary expenditure limit.

A motion was made by Councilmember Chahal, seconded by Vice Mayor Gonzalez, to adopt Resolution No. 26-9544 establishing the Political Campaign Voluntary Expenditure Limit and Campaign Contribution Limit for the November 3, 2026 General Municipal Election with: (1) the voluntary expenditure limit based on CPI adjustments set to $55,890 for city-wide contests and $29,590 for district-based contests; and (2) the individual campaign contributions based on CPI adjustments set to $760 for candidates who accept the voluntary expenditure limit and $380 for candidates who do not accept the voluntary expenditure limit.

Aye: Vice Mayor Gonzalez, Councilmember Chahal, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor
7 -

SANTA CLARA STADIUM AUTHORITY BOARD CONSENT CALENDAR
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4.A 26-301 Action on Stadium Authority Bills and Claims for the Month of February 2026
Recommendation: Approve the list of Stadium Authority Bills and Claims for February 2026.

A motion was made by Boardmember Chahal, seconded by Vice Chair Gonzalez, to approve the list of Stadium Authority Bills and Claims for February 2026.

Aye: Vice Chair Gonzalez, Boardmember Chahal, Boardmember Hardy, Boardmember Park, Boardmember Jain, Boardmember Cox, and Chair Gillmor
7 -

4.B 26-224 Action on Amendment No. 5 to the Agreement with Bear Electrical Solutions, LLC for On-Call Electrical Maintenance and Repair Services at Levi’s Stadium to Extend the Agreement for Up to Six Months Recommendation: Approve the Stadium Manager’s request to execute an Amendment No. 5 to the Agreement with Bear Electrical Services, LLC to extend the term of the agreement on a month-to-month basis, not to exceed six months, commencing on May 5, 2026, in an amount not to exceed $250,000 for the fifth contract year and the month-to-month extension and a total not to exceed amount of $2,020,000 for the entire term of the Agreement.

A motion was made by Boardmember Chahal, seconded by Vice Chair Gonzalez, to approve the Stadium Manager’s request to execute an Amendment No. 5 to the Agreement with Bear Electrical Services, LLC to extend the term of the agreement on a
month-to-month basis, not to exceed six months, commencing on May 5, 2026, in an amount not to exceed $250,000 for the fifth contract year and the month-to-month extension and a total not to exceed amount of $2,020,000 for the entire term of the Agreement.

Aye: Vice Chair Gonzalez, Boardmember Chahal, Boardmember Hardy, Boardmember Park, Boardmember Jain, Boardmember Cox, and Chair Gillmor
7 -
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PUBLIC PRESENTATIONS
Jay Ess requested Item 8 be heard earlier in the meeting.

Stephen Swanson spoke regarding his employment with the City of Santa Clara.

Brian Darby spoke regarding the Artemis II mission.

Linda spoke in favor of the library and Santa Clara Valley Transportation Authority services.

James Rowen spoke regarding the passing of Rod Diridon, Sr.

Betsy Megas spoke in favor of the Santa Clara Valley Transportation Authority.

Anthony Becker (time donated by Abel) made a Council Policy 030 request to investigate the disclosure of confidential information from Closed Session.

CONSENT ITEMS PULLED FOR DISCUSSION
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5. 26-364 Action on an Amendment No. 1 to the Agreement with West Coast Turf for the Supply, Delivery, and Installation of Sod for the Field at Levi’s Stadium to Extend the Term by One Year, Increase the Total Agreement Amount, Update the Compensation and Fee Schedule, and Delegate Authority to the Executive Director for Future Amendments
(DEFERRED FROM MARCH 24, 2026)
Recommendation: 1. Approve and authorize the Stadium Manager to execute an Amendment No. 1 with West Coast Turf for supply, delivery, and installation of sod services at Levi’s Stadium to increase the maximum compensation by $1,600,000 to cover services from April 1, 2026 to March 31, 2027 and update the compensation and fee schedule to reflect Exhibit B-2 and Schedule A-1;

2. Authorize the Executive Director to approve future amendment to the Agreement with West Coast Turf to exercise the final one-year option for the fifth contract year, increase the not-to-exceed amount by $1,680,000 to cover services from April 1, 2027 to March 31, 2028, and adjust the compensation fee schedule to reflect rate increases not to exceed 5% upon providing reasonable justification of rate increases, all subject to the same basic terms and conditions and budget appropriations;

3. Authorize the Executive Director to approve future amendment to the Agreement with West Coast Turf, under the same basic terms and conditions, for a period not to exceed six months beyond the fifth contract year through September 30, 2028, increase the not-to-exceed amount by $840,000 to cover up to six months of services, and adjust the compensation and fee schedule to reflect rate increases not to exceed 5% over the prior year upon providing reasonable justification of rate increases, provided the Stadium Manager is engaged in an active competitive solicitation process and subject to budget appropriations; and

4. The total not-to-exceed maximum compensation for the Agreement, inclusive of all contract years and the six-month extension period, shall not exceed $8,920,000.

Boardmember Cox pulled this item from the March 24, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting.

Board questions followed.

Executive Director Grogan, Treasurer Lee, and Kevin Wang (Vice President, San Francisco 49ers) addressed Board questions.

Public Comment: None.

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A motion was made by Boardmember Hardy, seconded by
Boardmember Jain, to (1) approve and authorize the Stadium Manager to execute an Amendment No. 1 with West Coast Turf for supply, delivery, and installation of sod services at Levi’s Stadium to increase the maximum compensation by $1,600,000 to cover services from April 1, 2026 to March 31, 2027 and update the compensation and fee schedule to reflect Exhibit B-2 and Schedule A-1; (2) authorize the Executive Director to approve future amendment to the Agreement with West Coast Turf to exercise the final one-year option for the fifth contract year, increase the not-to-exceed amount by $1,680,000 to cover services from April 1, 2027 to March 31, 2028, and adjust the compensation fee schedule to reflect rate increases not to exceed 5% upon providing reasonable justification of rate increases, all subject to the same basic terms and conditions and budget appropriations; (3) authorize the Executive Director to approve future amendment to the Agreement with West Coast Turf, under the same basic terms and conditions, for a period not to exceed six months beyond the fifth contract year through September 30, 2028, increase the not-to-exceed amount by $840,000 to cover up to six months of services, and adjust the compensation and fee schedule to reflect rate increases not to exceed 5% over the prior year upon providing reasonable justification of rate increases, provided the Stadium Manager is engaged in an active competitive solicitation process and subject to budget appropriations; and (4) the total not-to-exceed maximum compensation for the Agreement, inclusive of all contract years and the six-month extension period, shall not exceed $8,920,000.

Aye: Vice Chair Gonzalez, Boardmember Chahal, Boardmember Hardy, Boardmember Park, and Boardmember Jain
5 -
Nay: 2 - Boardmember Cox, and Chair Gillmor
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6. 26-366 Action on Monthly Financial Status and Investment Reports for December 2025 and Approve the Related Budget Amendments (ITEMS 2b AND 2e CONTINUED FROM MARCH 10, 2026) DEFERRED FROM MARCH 24,
2026
Recommendation: 2. Approve the FY 2025/26 budget amendments in the following funds (as detailed in the Fiscal Impact section of the staff report and Attachment 1 of the staff report):
b. In the Downtown Parking Maintenance District Fund, transfers funding to the Public Buildings Fund and decreases the unrestricted ending fund balance, with a net impact of $0; and
e. In the Public Buildings Capital Fund, recognizes a transfer from the Downtown Parking Maintenance District Fund and establishes a Public Facilities Paid Parking project, with a net impact of $180,000.

Five affirmative Council votes required to appropriate additional revenue, allocate unused balances
Councilmember Jain pulled this item from the March 10, 2026 Joint City Council ad Authorities Concurrent & Santa Clara Stadium Authority Board Meeting.

Mayor Gillmor recused herself from this item and left the dias at 8:50 PM.

Council questions and comments followed.

City Manager Grogan and Assistant Director of Public Works Liw addressed Council questions.

Public Comment: Anthony Becker
David Kertes
Mark Kelsey
Kathy Watanabe
Linda
Council discussion followed.

A motion was made by Councilmember Chahal, seconded by
Councilmember Jain, to not adopt staff recommendation.

Aye: Vice Mayor Gonzalez, Councilmember Chahal, Councilmember Hardy, Councilmember Park, Councilmember Jain, and Councilmember Cox 6 -
Recused: 1 - Mayor Gillmor
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3.F 26-387 Action on the 2026 City Council Priority Setting Session Framework Recommendation: Approve the 2026 City Council Priority Session Framework and Annual City Council Priority Setting Session Framework.

This item was deferred to a later meeting date uncertain.

Vice Mayor/Chair Gonzalez called for a recess at 9:40 PM and Mayor/ Chair Gillmor reconvened the meeting at 9:50 PM.

PUBLIC HEARING/GENERAL BUSINESS
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7. 26-244 Public Hearing: Action on Appeal (PLN26-00094) of a Project Located at 2892 Mesquite Drive for Planning Commission’s Affirmation of an Approval of an Architectural Review Permit (PLN25-00561) Decision from the Development Review Hearing for a 621 Square Foot First Floor Addition and a 397 Square Foot Second Floor Addition to an Existing Two-Story 2,081 Square Foot Single-Family Residence with a 500 Square Foot Attached Garage on a 7,351 Square Foot Lot. CEQA Status: Exempt from CEQA per Section 15301
Recommendation: 1. Determine the project to be exempt from the California Environmental Quality Act (CEQA) formal pursuant to CEQA Guidelines Section 15301 (Class 1 - Existing Facilities); and

2. Adopt a resolution to overrule the appeal and affirm the decision of the Planning Commission to approve the Architectural Review for the construction of a 621 square foot first floor addition and a 397 square foot second floor addition to an existing two-story 2,081 square foot single-family residence with a 500 square foot attached garage on a 7,351 square foot lot at 2892 Mesquite Drive, subject to findings and conditions of approval.

Mayor Gillmor opened the Public Hearing.

City Manager Grogan made some opening remarks and introduced Director of Community Development Hamid who provided a
Powerpoint presentation on Appeal (PLN26-00094) of a Project Located at 2892 Mesquite Drive.

Council questions followed.

Director of Community Development Hamid addressed Council questions.

Andrea Cosmin (Appellant) provided a Powerpoint presentation.

Ling Zhou (Applicant) provided a Powerpoint presentation.

Andrea Cosmin (Appellant) provided a verbal rebuttal.

A motion was made by Vice Mayor Gonzalez, seconded by
Councilmember Hardy, to close the Public Hearing.

Aye: Vice Mayor Gonzalez, Councilmember Chahal, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor
7 -
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Council discussion followed.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to (1) determine the project to be exempt from the California Environmental Quality Act (CEQA) formal pursuant to CEQA Guidelines Section 15301 (Class 1 - Existing Facilities); and (2) adopt a Resolution to overrule the appeal and affirm the decision of the Planning Commission to approve the Architectural Review for the construction of a 621 square foot first floor addition and a 397 square foot second floor addition to an existing two-story 2,081 square foot single-family residence with a 500 square foot attached garage on a 7,351 square foot lot at 2892 Mesquite Drive, subject to findings and conditions of approval.

A substitute motion was made by Councilmember Park to ensure the site line along the sidewall towards the neighboring building is unobstructed towards the street and reduce the height of the newly constructed 20 feet fence extension to 3 feet.

The substitute motion failed due to lack of second.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to (1) determine the project to be exempt from the California Environmental Quality Act (CEQA) formal pursuant to CEQA Guidelines Section 15301 (Class 1 - Existing Facilities); and (2) adopt Resolution No. 26-9545 to overrule the appeal and affirm the decision of the Planning Commission to approve the
Architectural Review for the construction of a 621 square foot first floor addition and a 397 square foot second floor addition to an existing two-story 2,081 square foot single-family residence with a 500 square foot attached garage on a 7,351 square foot lot at 2892 Mesquite Drive, subject to findings and conditions of approval.

Aye: Vice Mayor Gonzalez, Councilmember Chahal, Councilmember Hardy, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -
Nay: 1 - Councilmember Park
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8. 26-377 Reconsideration of Action on an Agreement with Peregrine Technologies, Inc. for a Data Integration Platform and Professional Services for a Not-to-Exceed Amount of $2,802,002 Over a Ten-Year Term and to Approve the Related Budget Amendment
Recommendation: 1. Authorize the City Manager or designee to execute an agreement with Peregrine Technologies, Inc. (Agreement) for an enterprise Data Integration Platform and related professional services for an initial five-year term with a maximum amount not-to-exceed $1,179,690, subject to the appropriation of funds and approval of final form by the City Attorney;

2. Authorize the City Manager or designee to take any actions as necessary to implement and administer the Agreement, including (a) exercising up to five one-year options to extend the Agreement term, and (b) negotiating and executing amendment(s) to the Agreement to (i) increase the maximum compensation by up to $1,622,311 (inclusive of $254,727 contingency for initial and optional terms) for a total aggregate not-to-exceed amount of $2,802,001 over the full ten-year term, (ii) add or delete services consistent with the scope of services, and (iii) make de minimis changes, subject to the appropriation of funds and approval as to form by the City Attorney; and

3. Approve the FY 2025/26 Budget Amendment in the General Fund to increase the Police Department budget in the amount of $244,420 and decrease the Budget Stabilization Reserve in the amount of $244,420 (five affirmative Council votes required for the use of unused balances).

Chief of Police Morgan made some opening remarks and introduced Lieutenant Lutz who provided a Powerpoint presentation on Reconsideration of Action on an Agreement with Peregrine Technologies, Inc. for a Data Integration Platform and Professional Services for a Not-to-Exceed Amount of $2,802,002 Over a Ten-Year Term and to Approve the Related Budget Amendment.

Council questions and comments followed.

City Manager Grogan, Lieutenant Lutz, and City Attorney Googins addressed Council questions.

Councilmember Cox left the dais at 11:27 PM and returned at 11:28 PM.

Mayor GIllmor left the dais at 11:28 PM and returned at 11:31 PM.

Public Comment: Jay Ess (Time donated from Austin and Brian) Bob Somers
Kimberly Woo
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WBC
Linda
Huy Tran
Tim MacKenzie
Drew S
Karen Burkey
Edward Strine
David Kertes
A motion was made by Council/Boardmember Cox, seconded by Council/Boardmember Hardy, to extend this meeting by 30 minutes.

Aye: Vice Mayor/Chair Gonzalez, Council/Boardmember Chahal, Council/ Boardmember Hardy, Council/Boardmember Jain, Council/Boardmember Cox, and Mayor/Chair Gillmor
6 -
Nay: 1 - Councilmember Park
Council questions and discussion followed.

Lieutenant Lutz, Chief of Police Morgan, and Tim Shriver (Director, Peregrine Technologies) addressed Council questions.

Councilmember Park left the dias at 12:29 AM.

A motion was made by Vice Mayor Gonzalez, seconded by
Councilmember Hardy, to (1) authorize the City Manager or designee to execute an agreement with Peregrine Technologies, Inc. (Agreement) for an enterprise Data Integration Platform and related professional services for an initial five-year term with a maximum amount not-to-exceed $1,179,690, subject to the appropriation of funds and approval of final form by the City Attorney; (2) authorize the City Manager or designee to take any actions as necessary to implement and administer the Agreement, including (a) exercising up to five one-year options to extend the Agreement term, and (b) negotiating and executing amendment(s) to the Agreement to (i) increase the maximum compensation by up to $1,622,311 (inclusive of $254,727 contingency for initial and optional terms) for a total aggregate not-to-exceed amount of $2,802,001 over the full ten-year term, (ii) add or delete services consistent with the scope of services, and (iii) make de minimis changes, subject to the appropriation of funds and approval as to form by the City Attorney; and (3) conduct a 6 month audit.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Cox, and Mayor Gillmor
4 -
Nay: 2 - Councilmember Chahal, and Councilmember Jain
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Absent: 1 - Councilmember Park
A motion was made by Councilmember Cox, seconded by
Councilmember Hardy, to approve the Fiscal Year 2025/26 Budget Amendment in the General Fund to increase the Police Department budget in the amount of $244,420 and decrease the Budget Stabilization Reserve in the amount of $244,420.

The motion failed.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Cox, and Mayor Gillmor
4 -
Nay: 2 - Councilmember Chahal, and Councilmember Jain

Absent: 1 - Councilmember Park
REPORTS OF MEMBERS, SPECIAL COMMITTEES AND COUNCILMEMBER 030 REQUESTS None.

CITY MANAGER/EXECUTIVE DIRECTOR REPORT
None.

ADJOURNMENT
Council/Boardmember Park returned to the dias at 12:33 AM.

The meeting was adjourned in memory of Rod Diridon, Sr at 12:36 AM.

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MEETING DISCLOSURES
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

STREAMING SERVICES: As always, the public may view the meetings on SantaClaraCA.gov, Santa Clara City Television (Comcast cable channel 15), or the livestream on the City’s YouTube channel or Facebook page.

Note: The public cannot participate in the meeting through these livestreaming methods; livestreaming capabilities may be disrupted at times, viewers may always view and participate in meetings in-person and via Zoom as noted on the agenda.

AB23 ANNOUNCEMENT: Members of the Santa Clara Stadium Authority, Sports and Open Space Authority and Housing Authority are entitled to receive $30 for each attended meeting.

Note: The City Council and its associated Authorities meet as separate agencies but in a concurrent manner. Actions taken should be considered actions of only the identified policy body.

LEGEND: City Council (CC); Stadium Authority (SA); Sports and Open Space Authority (SOSA); Housing Authority (HA); Successor Agency to the City of Santa Clara Redevelopment Agency (SARDA); Bayshore North Project Enhancement Authority (BNPEA); Public Facilities Financing Corporation (PFFC)
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]> or at the public information desk at any City of Santa Clara public library.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format. Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before the scheduled event.

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City of Santa Clara
Special Meeting Minutes
Call and Notice of Special Meeting of the
City Council
Draft
5:30 PM Hybrid Meeting
City Hall Council Chambers/Virtual
1500 Warburton Avenue
Santa Clara, CA 95050
04/14/2026
The City of Santa Clara is conducting City Council meetings in a hybrid manner (in-person and continues to have methods for the public to participate remotely). • Via Zoom:
o https://santaclaraca.zoom.us/j/99706759306
Meeting ID: 997-0675-9306
o Phone 1(669) 900-6833
How to Submit Written Public Comment Before City Council Meeting:

1. Use the eComment tab located on the City Council Agenda page https://santaclara.legistar.com/Calendar.aspx). eComments are directly sent to the iLegislate application used by City Council and staff, and become part of the public record. eComment closes 15 minutes before the start of a meeting.

2. By email to [email protected] by 12 p.m. the day of the meeting. Those emails will be forwarded to the Council and will be uploaded to the City Council Agenda as supplemental meeting material. Emails received after the 12 p.m. cutoff time up through the end of the meeting will form part of the meeting record. Please identify the Agenda Item Number in the subject line of your email.

NOTE: Please note eComments and Emails received as public comment will not be read aloud during the meeting.

Agendas, Staff Reports and some associated documents for City Council items may be viewed on the Internet at https://santaclara.legistar.com/Calendar.aspx All public records relating to an open session item on this agenda, which are not exempt from disclosure pursuant to the California Public Records Act, that are distributed to a majority of the legislative body will be available for public inspection at the Office of the City Clerk at Santa Clara City Hall, 1500 Warburton Avenue, Santa Clara, CA 95050 at the same time that the public records are distributed or made available to the legislative body. Any draft contracts, ordinances and resolutions posted on the Internet site or distributed in advance of the Council meeting may not be the final documents approved by the City Council. For the final document, you may contact the Office of the City Clerk at (408) 615-2220 or [email protected].

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NOTICE IS HEREBY GIVEN that, pursuant to the provisions of California Government Code §54956 (“The Brown Act”) and Section 708 of the Santa Clara City Charter, the Mayor calls for a Special Meeting of the City Council of the City of Santa Clara, to commence and convene on April 14, 2026, at 5:30 pm to be held virtually and in the City Hall Council Chambers located in the East Wing of City Hall at 1500 Warburton Avenue, Santa Clara, California, to consider the following matter(s) and to potentially take action with respect to them.

Closed Session - 5:30 PM | Special Meeting - 6:00 PM
5:30 PM CLOSED SESSION
Call to Order in the Council Chambers
Mayor Gillmor called the Closed Session to order at 5:35 PM.

Confirmation of Quorum
Assistant City Clerk Pimentel confirmed a quorum.

1. 26-431 Conference with Labor Negotiators (CC)
Pursuant to Gov. Code § 54957.6
City representatives: Jovan D. Grogan, Aracely Azevedo, Marco Mercado, Ashley Lancaster, Vitus Leung, Charles Sakai, Glen Googins and Su Reuter
Employee Organization(s):

Santa Clara Firefighters, International Assoc. of Firefighters, Local 1171 (Unit #1)
Unclassified Fire Management (Unit #9B)
Public Comment
None.

Convene to Closed Session (Sparacino Conference Room)
Mayor Gillmor adjourned into Closed Session at 5:36 PM. 6:00 PM SPECIAL CITY COUNCIL MEETING
Call to Order in the Council Chambers
Mayor Gillmor called the Special Meeting to order at 6:36 PM.

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Pledge of Allegiance and Statement of Values
Council recited the Pledge of Allegiance.

Councilmember Cox recited the Statement of Values.

Roll Call
Assistant City Clerk Pimentel recited the AB23 announcement and Statement of Behavioral Standards.

Assistant City Clerk Pimentel also noted that any registered Lobbyist speaking during the Public Meeting will need to identify themselves and whom they represent.

Vice Mayor Albert Gonzalez, Councilmember Raj Chahal,
Councilmember Karen Hardy, Councilmember Kevin Park,
Councilmember Suds Jain, Councilmember Kelly Cox, and Mayor Lisa M. Gillmor

Present: 7 -

REPORTS OF ACTION TAKEN IN CLOSED SESSION MATTERS
City Attorney Googins reported that there was no reportable action from Closed Session.

PUBLIC HEARING/GENERAL BUSINESS
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2. 26-234 Study Session on the Proposed Fiscal Year 2026/27 Municipal Fee Schedule
Recommendation: Review and Provide Input on the Proposed Fiscal Year 2026/27 Municipal Fee Schedule.

City Manager Grogan made some opening remarks and turned it over to Director of Finance Lee who provided a Powerpoint presentation on Review of the Proposed Fiscal Year 2026/27 Municipal Fee Schedule. He was joined by Terry Madsen (Principal Consultant, ClearSource Financial Consulting).

Noah MacDonald requested to continue this item to a future meeting.

A motion was made by Councilmember Park, seconded by
Councilmember Jain, to continue this item to a regular meeting.

The motion was withdrawn.

Director of Finance Lee and Terry Madsen (Principal Consultant, ClearSource Financial Consulting) resumed the presentation.

Council questions and comments followed.

Public Comment: Brian Darby
Director of Finance Lee, City Manager Grogan, and City Attorney Googins addressed Council questions.

Council discussion followed.

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3. 26-396 Status Report on 2026 Major Events Invoicing and Reimbursements Recommendation: Note and file the status report on the 2026 Major Events invoicing and reimbursements
City Manager Grogan made some opening remarks and introduced Assistant City Manager Klotz and Director of Finance Lee who provided a Powerpoint presentation on the status on 2026 Major Events Invoicing and Reimbursements.

Council comments and questions followed.

Public Comment: Brian Darby
Assistant City Manager Klotz, Director of Finance Lee, City Manager Grogan and City Attorney Googins addressed Council questions.

Council discussion ensued.

A motion was made by Councilmember Hardy, seconded by
Councilmember Jain, to note and file the status report on the 2026 Major Events invoicing and reimbursements.

Aye: Vice Mayor Gonzalez, Councilmember Chahal, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor
7 -
REPORTS OF MEMBERS, SPECIAL COMMITTEES AND COUNCILMEMBER 030 REQUESTS City of Santa Clara Page 5 Printed on 05/14/2026
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4. 26-433 Action on a Council Written Request (Council Policy 030) Submitted by Councilmember Park to Place an Agenda Item at a Future Council Meeting to Discuss Downtown RFP/RFQ
Recommendation: Staff makes no recommendation.

Mayor Gillmor recused herself from this item due to a conflict of interest as her office is within the Downtown area and left the meeting at 8:52 PM.

Vice Mayor Gonzalez presided over this item.

Councilmember Cox recused herself from this item due to a conflict of interest because of her employment with Santa Clara University and left the meeting at 8:52 PM.

Councilmember Park read into the record his 030 request and gave a brief verbal explanation of his request.

Council questions and comments followed.

City Manager Grogan and City Attorney Googins addressed Council questions.

Public Comment: Brian Darby
Edward Strine
Council discussion followed.

A motion was made by Councilmember Park, seconded by
Councilmember Chahal, to place an agenda item at a future meeting within 90 days to discuss Downtown Request for Proposal/Request for Qualification.

The motion failed.

Aye: Councilmember Chahal, Councilmember Park, and Councilmember Jain
3 -
Nay: 2 - Vice Mayor Gonzalez, and Councilmember Hardy

Absent: 2 - Councilmember Cox, and Mayor Gillmor

ADJOURNMENT
The meeting was adjourned at 9:31 PM.

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MEETING DISCLOSURES
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

STREAMING SERVICES: As always, the public may view the meetings on SantaClaraCA.gov, Santa Clara City Television (Comcast cable channel 15), or the livestream on the City’s YouTube channel or Facebook page.

Note: The public cannot participate in the meeting through these livestreaming methods; livestreaming capabilities may be disrupted at times, viewers may always view and participate in meetings in-person and via Zoom as noted on the agenda.

Note: The City Council and its associated Authorities meet as separate agencies but in a concurrent manner. Actions taken should be considered actions of only the identified policy body.

Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format. Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before the scheduled event.

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5:30 PM Hybrid Meeting
City Hall Council Chambers/Virtual
1500 Warburton Avenue
Santa Clara, CA 95050
04/21/2026
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City of Santa Clara
Meeting Minutes of the
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Santa Clara Stadium Authority Board
Draft
The City of Santa Clara is conducting City Council meetings in a hybrid manner (in-person and continues to have methods for the public to participate remotely). • Via Zoom:
o https://santaclaraca.zoom.us/j/99706759306
Meeting ID: 997-0675-9306
o Phone 1(669) 900-6833
How to Submit Written Public Comment Before City Council Meeting:

1. Use the eComment tab located on the City Council Agenda page https://santaclara.legistar.com/Calendar.aspx). eComments are directly sent to the iLegislate application used by City Council and staff, and become part of the public record. eComment closes 15 minutes before the start of a meeting.

2. By email to [email protected] by 12 p.m. the day of the meeting. Those emails will be forwarded to the Council and will be uploaded to the City Council Agenda as supplemental meeting material. Emails received after the 12 p.m. cutoff time up through the end of the meeting will form part of the meeting record. Please identify the Agenda Item Number in the subject line of your email.

NOTE: Please note eComments and Emails received as public comment will not be read aloud during the meeting.

Agendas, Staff Reports and some associated documents for City Council items may be viewed on the Internet at https://santaclara.legistar.com/Calendar.aspx All public records relating to an open session item on this agenda, which are not exempt from disclosure pursuant to the California Public Records Act, that are distributed to a majority of the legislative body will be available for public inspection at the Office of the City Clerk at Santa Clara City Hall, 1500 Warburton Avenue, Santa Clara, CA 95050 at the same time that the public records are distributed or made available to the legislative body. Any draft contracts, ordinances and resolutions posted on the Internet site or distributed in advance of the Council meeting may not be the final documents approved by the City Council. For the final document, you may contact the Office of the City Clerk at (408) 615-2220 or [email protected].

Meeting Minutes 04/21/2026
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5:30 PM STUDY SESSION
Call to Order in the Council Chambers
Mayor Gillmor called the Study Session to order at 5:35 PM.

Confirmation of Quorum

1. 26-400
Assistant City Clerk Pimentel confirmed a quorum.

Study Session on 2025-2030 Community Plan to End Homelessness and Updates on Local Work Efforts
Recommendation: Consider staff's report and presentations on the regional Draft 2025-30 Community Plan to End Homelessness and local work efforts, and provide feedback.

Acting City Manager Azevedo made some opening remarks and introduced Deputy City Manager Jung who provided a Powerpoint presentation on 2025-2030 Community Plan to End Homelessness and update on local efforts. Ray Bramson (Chief Operating Officer, Destination Home), KJ Kaminski (Director, Office of Supportive Housing), and Housing Manager Marcus joined the presentation.

Councilmember Park arrived at the dais at 5:53 p.m.

Council questions and comments followed.

KJ Kaminski (Director, Office of Supportive Housing) addressed Council questions.

Public Comment: Jeff Houston
Mayor Gillmor called for a recess at 6:50 p.m.
7:00 PM JOINT CITY COUNCIL/STADIUM AUTHORITY BOARD MEETING Call to Order in the Council Chambers
Mayor/Chair Gillmor called the regular meeting to order at 7:07 PM.

Pledge of Allegiance and Statement of Values
Council/Board recited the Pledge of Allegiance.

Council/Boardmember Cox recited the Statement of Values.

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Roll Call
Assistant City Clerk/Secretary Pimentel noted that
Council/Boardmember Chahal is absent due to travel for City related business.

Assistant City Clerk/Secretary Pimentel recited the AB23 announcement and Statement of Behavioral Standards.

Assistant City Clerk/Secretary Pimentel also noted that any registered Lobbyist speaking during the Public Meeting will need to identify themselves and whom they represent.

Vice Mayor/Chair Albert Gonzalez, Council/Boardmember Karen Hardy, Council/Boardmember Kevin Park, Council/Boardmember Suds Jain,

Present: 6 -
Council/Boardmember Kelly Cox, and Mayor/Chair Lisa M. Gillmor

Absent: 1 - Council/Boardmember Raj Chahal
A motion was made by Council/Boardmember Hardy, seconded by Vice Mayor/Chair Gonzalez to excuse Council/Boardmember Chahal from this meeting.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal

CONTINUANCES/EXCEPTIONS/RECONSIDERATIONS

2. 26-473 Exception - Item Withdrawn by Staff
Public Hearing: Action on an Ordinance of the City of Santa Clara, California, Authorizing the Installation of Supergraphic Signs on Building Surfaces in the Vicinity of Levi’s Stadium During a Limited Time Period Surrounding FIFA World Cup 2026 Special Events
Recommendation: Staff desires to withdraw this item from Council consideration. Unless the Council desires to proceed otherwise, no action is necessary.

City Attorney Googins provided some remarks.

Public Comment: None
A motion was made by Councilmember Gonzalez, seconded by Councilmember Hardy, to withdraw this item.

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Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
Vice Mayor Gonzalez requested a reconsideration of Item 4 from the April 14, 2026 Special City Council Meeting regarding Council Policy 030 request to place an agenda item at a future meeting to discuss Downtown Request for Proposal/Request for Qualification.

Mayor Gillmor and Councilmember Cox recused themselves from this item due to a conflict of interest and left the dais at 7:16 PM.

Vice Mayor Gonzalez presided over this item.

Council comments followed.

Public Comment: Donna West
Mark Kelsey
Council discussion followed.

A motion was made by Vice Mayor Gonzalez, seconded by
Councilmember Park, to place an agenda item at a future meeting within 90 days to discuss Downtown Request for Proposal/Request for Qualification.

The motion failed.

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Aye: 3 - Vice Mayor Gonzalez, Councilmember Park, and Councilmember Jain Nay: 1 - Councilmember Hardy

Absent: 1 - Councilmember Chahal
Recused: 2 - Councilmember Cox, and Mayor Gillmor

SPECIAL ORDER OF BUSINESS

3.A 26-305 2026 Santa Clara Relay for Life
Mayor Gillmor and Councilmember Cox returned to the dais at 7:31 PM.

Mayor Gillmor made some opening remarks and introduced Jonathan Oh (Relay for Life) who provided a verbal presentation on the 2026 Santa Clara Relay for Life.

Meeting Minutes 04/21/2026

3.B 26-339

3.C 26-342

CONSENT CALENDAR
Recognition of Funds Raised to Benefit Local Programs from the 2025 Santa Clara Historic Home Tour
Mayor Gillmor, on behalf of the Council, recognized the funds raised to benefit local programs from the 2025 Santa Clara Historic Home Tour.

Carol Lucero (Historic Home Tour Committee) made some remarks.

Recognition of Partnership with the Silicon Valley Office of Protocol Mayor Gillmor, on behalf of the Council, recognized the partnership with the Silicon Valley Office of Protocol.

Deanna Tryon (Chief of Protocol, Silicon Valley Office of Protocol) made some remarks.

Council/Boardmember Jain abstained from the March 5, 2026 Special Santa Clara Stadium Authority Board Meeting Minutes of Item 4.A as he was absent and pulled Items 4.I and 4.J.

Council/Boardmember Cox pulled Item 4.N.

Kirk Vartan pulled Item 4.E.

A motion was made by Council/Boardmember Hardy, seconded by Vice Mayor/Chair Gonzalez, to approve the balance of the Consent Calendar (except Items 4.A, 4.E, 4.I, 4.J, and 4.N).

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.A 26-470 Action on the March 5, 2026 Special Santa Clara Stadium Authority Board Meeting, March 10, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting and March 24, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting Minutes
Recommendation: Approve the March 5, 2026 Special Santa Clara Stadium Authority Board Meeting, March 10, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting and March 24, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting Minutes.

A motion was made by Council/Boardmember Hardy, seconded by Vice Mayor/Chair Gonzalez, to approve the March 5, 2026 Special Santa Clara Stadium Authority Board Meeting, March 10, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting and March 24, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting Minutes.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Cox, and Mayor Gillmor
5 -

Absent: 1 - Councilmember Chahal
Abstained: 1 - Councilmember Jain

4.B 26-8 Board, Commissions and Committee Minutes
Recommendation: Note and file the Minutes of:

Historical and Landmarks Commission - March 5, 2026
Stadium Neighborhood Relations Ad Hoc Subcommittee - December 15, 2025
A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to note and file the Minutes of: Historical and Landmarks Commission - March 5, 2026; and Stadium
Neighborhood Relations Ad Hoc Subcommittee - December 15, 2025.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.C 26-252 Action on the City of Santa Clara Public Facilities Financing Corporation Federal and State Income Tax Exempt Reporting for Fiscal Year 2024/25 Recommendation: Accept and Authorize the PFFC Executive Director, or designee, to file the 2024 Internal Revenue Service Form 990 (Return of Organization Exempt from Income Tax) and the State of California Form 199 (Exempt Organization Annual Information Return) on behalf of the City of Santa Clara Public Facilities Financing Corporation in substantially the forms presented.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to accept and authorize the Public Facilities Financing Corporation Executive Director, or designee, to file the 2024 Internal Revenue Service Form 990 (Return of Organization Exempt from Income Tax) and the State of California Form 199 (Exempt Organization Annual Information Return) on behalf of the City of Santa Clara Public Facilities Financing Corporation in substantially the forms presented.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.D 26-373 Action on Monthly Financial Status and Investment Reports for February 2026 and Approval of the Related Budget Amendments
Recommendation: 1. Note and file the Monthly Financial Status Report and Monthly Investment Report for February 2026 as presented; and

2. Approve the Fiscal Year 2025/26 budget amendments in the following funds (as detailed in the Fiscal Impact section of the staff report and Attachment 3 of the staff report):
a. In the General Fund, recognizes wildland reimbursement revenue and appropriates the funds to the Fire Department, with a net impact of $227,315;
b. In the Building Development Services Fund, increases the Materials, Services, Supplies budget and decreases the
unrestricted ending fund balance, with a net impact of $0; c. In the Fire Certified Unified Program Agency (CUPA) Fund, recognizes enforcement fine revenue and appropriates a portion of the funding to the Fire Department, establishes a restricted CUPA Enforcement Fines Reserve, allocating the remaining revenue to this reserve, with a net impact of $119,200; and
d. In the Library Operating Grant Trust Fund, recognizes grant funding and establishes a Pacific Library Partnership California Library Services Act grant appropriation, with a net impact of $3,711.

Items 2a - 2d, five affirmative Council votes required to appropriate additional revenue and for the use of unused balances.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to (1) note and file the Monthly Financial Status Report and Monthly Investment Report for February 2026 as presented; and (2) approve the Fiscal Year 2025/26 budget amendments in the following funds: (a) in the General Fund, recognizes wildland reimbursement revenue and appropriates the funds to the Fire Department, with a net impact of $227,315; (b) in the Building Development Services Fund, increases the Materials, Services, Supplies budget and decreases the unrestricted ending fund balance, with a net impact of $0; (c) in the Fire Certified Unified Program Agency (CUPA) Fund, recognizes enforcement fine revenue and appropriates a portion of the funding to the Fire Department, establishes a restricted CUPA Enforcement Fines Reserve, allocating the remaining revenue to this reserve, with a net impact of $119,200; and (d) in the Library Operating Grant Trust Fund, recognizes grant funding and establishes a Pacific Library Partnership California Library Services Act grant appropriation, with a net impact of $3,711.

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Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal

4.F 26-327 Action to Delegate Authority to the City Manager to Issue Purchase Orders to Mader Supply, LLC for the Purchase of Steel Transmission Poles for an Aggregate Maximum Amount of $5,000,000, Funded by Silicon Valley Power
Recommendation: 1. Authorize the City Manager or designee to issue Purchase Orders to Mader Supply, LLC, for the purchase of steel transmission poles with an aggregate maximum compensation of $5,000,000 through June 30, 2031, with price escalations based on adjustments to the Bureau of Labor Statistics Producer Price Index, subject to the appropriation of funds; and

2. Authorize the City Manager or designee to take any actions as necessary to implement and administer the Purchase Orders, and to negotiate and execute amendments to the Purchase Orders to make de minimis changes, subject to the above maximum compensation limit and review and approval as to form by the City Attorney.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to (1) authorize the City Manager or designee to issue Purchase Orders to Mader Supply, LLC, for the purchase of steel transmission poles with an aggregate maximum compensation of $5,000,000 through June 30, 2031, with price escalations based on adjustments to the Bureau of Labor Statistics Producer Price Index, subject to the appropriation of funds; and (2) authorize the City Manager or designee to take any actions as necessary to implement and administer the Purchase Orders, and to negotiate and execute amendments to the Purchase Orders to make de minimis changes, subject to the above maximum compensation limit and review and approval as to form by the City Attorney.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.G 26-188 Action on the Award of a Public Works Contract for the Northwest Loop Capacity Upgrade Project to Henkels & McCoy West, LLC, for a Not-to-Exceed Amount of $1,996,557, Inclusive of a 15% Contingency, Funded by the Northwest Loop Capacity Upgrade Capital Improvement Project (CIP No. 2444) Budget
Recommendation: 1. Determine the proposed actions are exempt from CEQA pursuant to Section 15302 (Class 2 - Replacement or Reconstruction) of Title 14 of the California Code of Regulations;

2. Award the Public Works Contract for the Northwest Loop Capacity Upgrade Project (CIP No. 2444) to the lowest responsive and responsible bidder, Henkels & McCoy West, LLC, in the amount of $1,736,136, and authorize the City Manager or designee to execute a public works contract (Contract) in substantially the form attached to this Report to Council, subject to the review and final approval as to form by the City Attorney; and

3. Authorize the City Manager or designee to (a)take any actions necessary to implement and administer the Contract including executing any and all documents required for the award, completion, or acceptance of the Project and (b) approve any necessary change orders not to exceed 15% of the original contract price, or $260,421, for a total contract amount not-to-exceed $1,996,557, funded by the Electric Utility Capital Fund.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to (1) determine the proposed actions are exempt from CEQA pursuant to Section 15302 (Class 2 - Replacement or Reconstruction) of Title 14 of the California Code of Regulations; (2) award the Public Works Contract for the Northwest Loop Capacity Upgrade Project (CIP No. 2444) to the lowest responsive and responsible bidder, Henkels & McCoy West, LLC, in the amount of $1,736,136, and authorize the City Manager or designee to execute a public works contract (Contract) in substantially the form attached to this Report to Council, subject to the review and final approval as to form by the City Attorney; and (3) authorize the City Manager or designee to (a) take any actions necessary to implement and administer the Contract including executing any and all documents required for the award, completion, or acceptance of the Project and (b) approve any necessary change orders not to exceed 15% of the original contract price, or $260,421, for a total contract amount not-to-exceed $1,996,557, funded by the Electric Utility Capital Fund.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.H 26-241 Action on Amendment No. 7 to the Agreement for Professional Services with Perkins + Will for the Tasman East Specific Plan
Recommendation: Authorize the City Manager to execute Amendment No. 7 to the Agreement with Perkins + Will for professional services to prepare the Amendment to the Tasman East Specific Plan by extending the term of the agreement through December 31, 2026.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to authorize the City Manager to execute Amendment No. 7 to the Agreement with Perkins + Will for professional services to prepare the Amendment to the Tasman East Specific Plan by extending the term of the agreement through December 31, 2026.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal

4.K 26-223 Action on a Resolution Acknowledging Receipt by City Council of a State-Mandated Compliance Report on Required Annual Fire Inspections of Certain Occupancies, and Approving Alignment of the SB 1205 Report With Annual Discussion of the Municipal Fee Schedule
Recommendation: Adopt a Resolution acknowledging receipt of a report made by the Fire Chief of the Santa Clara Fire Department regarding the inspection of certain occupancies requiring annual inspections in such occupancies pursuant to sections 13146.2, 13146.3, and 13146.4 of the California Health and Safety Code and approving alignment of the SB 1205 report with annual discussion of the Municipal Fee Schedule.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to adopt Resolution No. 26-9549 acknowledging receipt of a report made by the Fire Chief of the Santa Clara Fire Department regarding the inspection of certain occupancies requiring annual inspections in such occupancies pursuant to sections 13146.2, 13146.3, and 13146.4 of the California Health and Safety Code and approving alignment of the SB 1205 report with annual discussion of the Municipal Fee Schedule.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.L 26-330 Action to Authorize the City Manager to (1) Execute Amendment No. 1 to the Substation Agreement with 1220 Santa Clara Propco, LLC for the Memorex Junction Substation and (2) Negotiate and Execute Amendments to Other Existing Customer Substation Agreements to Allow for Load Ramp Acceleration and/or Additional Capacity, Subject to Power Availability and Incorporation of Standardized Terms for Curtailment and Other Conditions
Recommendation: 1. Authorize the City Manager or designee to execute Amendment No. 1 to the Substation Agreement by and between the City of Santa Clara, California, and 1220 Santa Clara Propco, LLC, in substantially the form presented, subject to the review and approval as to final form by the City Attorney;

2. Authorize the City Manager or designee to negotiate and execute amendments to existing substation agreements with customers to allow for accelerated load ramps and/or additional capacity and subject to (a) SVP or CAISO grid limitations and (b) the inclusion of curtailment control provisions, revised capacity commitments, and other SVP standardized agreement term, in final forms reviewed and approved by the City Attorney; and

3. Authorize the City Manager or designee to take any and all actions as are necessary or advisable to implement and administer the agreements as amended.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to (1) authorize the City Manager or designee to execute Amendment No. 1 to the Substation Agreement by and between the City of Santa Clara, California, and 1220 Santa Clara Propco, LLC, in substantially the form presented, subject to the review and approval as to final form by the City Attorney; (2) authorize the City Manager or designee to negotiate and execute amendments to existing substation agreements with customers to allow for accelerated load ramps and/or additional capacity and subject to (a) SVP or CAISO grid limitations and (b) the inclusion of curtailment control provisions, revised capacity commitments, and other SVP standardized agreement term, in final forms reviewed and approved by the City Attorney; and (3) authorize the City Manager or designee to take any and all actions as are necessary or advisable to implement and administer the agreements as amended.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.M 26-401 Informational Report on 2026 Q1 Legislative Updates Recommendation: Note and file the informational report on 2026 Q1 legislative updates.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to note and file the informational report on 2026 Q1 legislative updates.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal

4.O 26-260 Adopt a Resolution Updating the Average Per-Acre Land Values and Park Development Costs Per Capita Used for Setting the Parkland In-Lieu Fee Schedule for New Residential Development for FY 2026/27 Recommendation: Adopt a resolution, in accordance with City Code Chapter 17.35, establishing average per-acre land values and park development costs used for calculating parkland in-lieu fees for residential development for FY 2026/27 and updating the Municipal Fee Schedule.

A motion was made by Councilmember Hardy, seconded by Vice Mayor Gonzalez, to adopt Resolution No. 26-9551 establishing average per-acre land values and park development costs used for calculating parkland in-lieu fees for residential development for Fiscal Year 2026/27 and updating the Municipal Fee Schedule.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal

PUBLIC PRESENTATIONS
Noah MacDonald spoke regarding the downtown project.

Anthony Becker (Time donated by Abel) made a Council Policy 030 request to investigate the disclosure of confidential information from Closed Session.

Donna West spoke regarding the downtown project.

Edward Strine spoke regarding the downtown project.

Council questions followed.

City Attorney Googins addressed Council questions.

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CONSENT ITEMS PULLED FOR DISCUSSION

5. 26-460 Action on the 2026 City Council Priority Setting Session Framework DEFERRED FROM APRIL 7, 2026
Recommendation: Approve the 2026 City Council Priority Session Framework and Annual City Council Priority Setting Session Framework
Mayor Gillmor pulled this item at the April 7, 2026 Joint City Council and Authorities Concurrent & Santa Clara Stadium Authority Board Meeting.

Assistant to the City Manager Le provided a Powerpoint presentation on the action on the 2026 City Council Priority Setting Session Framework.

Council questions and comments followed.

Acting City Manager Azevedo addressed Council questions.

Public Comment: None.

A motion was made by Councilmember Jain, seconded by
Councilmember Hardy, to approve the 2026 City Council Priority Session Framework and Annual City Council Priority Setting Session Framework.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.E 26-314 Action on a Resolution to Authorize an Increase in the Business License Tax Corresponding to an Increase in the Annual Inflation Rate Effective July 1, 2026
Recommendation: Adopt a resolution authorizing the annual inflation adjustment for the Business License Tax, effective July 1, 2026, in the amount of 2.5% as allowable under Santa Clara City Code Section 3.40.160
Kirk Vartan pulled this item for discussion.

Acting City Manager Azevedo made some opening remarks and Director of Finance Lee provided a verbal report on the Business License Tax increase.

Council questions followed.

Director of Finance Lee and City Attorney Googins addressed Council questions.

Public Comment: None
A motion was made by Councilmember Jain, seconded by Vice Mayor Gonzalez, to adopt Resolution No. 26-9546 authorizing the annual inflation adjustment for the Business License Tax, effective July 1, 2026, in the amount of 2.5% as allowable under Santa Clara City Code Section 3.40.160

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.I 26-163 Action on a Resolution of Intention for Parking Maintenance District No. 122 - Franklin Square
Recommendation: 1. Adopt a Resolution of Intention to order that the alternative method for the levy of benefit assessment be made applicable to the City of Santa Clara Parking Maintenance District No. 122;

2. Set a hearing date of June 9, 2026, to approve the Director’s Report FY 2026/27; and

3. Authorize the publication, mailing, and posting of the Notice of Public Hearing as stated in the Resolution of Intention.

Councilmember Jain pulled this item for discussion.

Mayor Gillmor recused herself from this item due to a conflict of interest as her office is within the subject area and left the dais at 8:55 PM.

Council questions followed.

Director of Public Works Mobeck addressed Council questions.

Public Comment: Mark Kelsey
Council discussion followed.

A motion was made by Councilmember Jain, seconded by
Councilmember Hardy, to (1) adopt Resolution No. 26-9547 ordering that the alternative method for the levy of benefit assessment be made applicable to the City of Santa Clara Parking Maintenance District No. 122; (2) set a hearing date of June 9, 2026, to approve the Director’s Report Fiscal Year 2026/27; and (3) authorize the publication, mailing, and posting of the Notice of Public Hearing as stated in the Resolution of Intention.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, and Councilmember Cox
5 -

Absent: 1 - Councilmember Chahal
Recused: 1 - Mayor Gillmor
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4.J 26-164 Adoption of a Resolution of Intention for Maintenance District No. 183 - Santa Clara Convention Center Complex
Recommendation: 1. Adopt a Resolution of Intention to order that the alternative method for the levy of benefit assessment be made applicable to the Santa Clara Convention Center Complex Maintenance District No. 183;

2. Set a hearing date of June 9, 2026 to approve the Director’s Report FY 2026/27; and

3. Authorize the publication, mailing, and posting of the Notice of Public Hearing as stated in the Resolution of Intention.

Mayor Gillmor returned to the dais at 9:14 PM.

Councilmember Jain pulled this item for discussion.

Council questions followed.

Director of Public Works Mobeck addressed Council question.

Public Comment: None.

A motion was made by Vice Mayor Gonzalez, seconded by
Councilmember Hardy, to (1) adopt Resolution No. 26-9548 ordering that the alternative method for the levy of benefit assessment be made applicable to the Santa Clara Convention Center Complex Maintenance District No. 183; (2) set a hearing date of June 9, 2026 to approve the Director’s Report Fiscal Year 2026/27; and (3) authorize the publication, mailing, and posting of the Notice of Public Hearing as stated in the Resolution of Intention.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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4.N 26-462 Authorize the City Manager to execute the 2026-2029 Memorandum of Understanding Between the City of Santa Clara and the Santa Clara Firefighters, International Association of Firefighters, Local 1171 (Unit 1), Approve a Corresponding Update to the Unit 1 Classified Salary Plan, and Approve Related Budget Amendment
Recommendation: 1. Authorize the City Manager to execute a 2026-2029 Memorandum of Understanding and any related Side Letter Agreements Between the City of Santa Clara and the Santa Clara Firefighters, International Association of Firefighters, Local 1171 (Unit 1) on the terms presented, as reflected in the Mediation Joint Recommendation, in a final form approved by the City Attorney;

2. Adopt a Resolution Updating the Salary Plan for various Unit 1 classified positions to satisfy the requirements of California Code of Regulations Section 570.5; and

3. Approve the FY 2025/26 budget amendment in the General Fund to increase the Fire Department appropriation by $576,000 and decrease the unrestricted ending fund balance by $576,000 (five affirmative Council votes required for the use of unused balances).

Councilmember Cox pulled this item for discussion.

Council questions followed.

Public Comment: None.

Council questions followed.

Acting City Manager Azevedo addressed Council questions.

A motion was made by Councilmember Cox, seconded by Mayor Gillmor, to (1) authorize the City Manager to execute a 2026-2029 Memorandum of Understanding and any related Side Letter Agreements Between the City of Santa Clara and the Santa Clara Firefighters, International Association of Firefighters, Local 1171 (Unit 1) on the terms presented, as reflected in the Mediation Joint Recommendation, in a final form approved by the City Attorney; (2) adopt a Resolution Updating the Salary Plan for various Unit 1 classified positions to satisfy the requirements of California Code of Regulations Section 570.5; (3) approve the Fiscal Year 2025/26 budget amendment in the General Fund to increase the Fire Department appropriation by $576,000 and decrease the
unrestricted ending fund balance by $576,000; and (4) include retro pay to January 1, 2026.

The motion failed.

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Aye: 3 - Vice Mayor Gonzalez, Councilmember Cox, and Mayor Gillmor Nay: Councilmember Hardy, Councilmember Park, and Councilmember Jain
3 -

Absent: 1 - Councilmember Chahal
A motion was made by Councilmember Jain, seconded by
Councilmember Hardy, to (1) authorize the City Manager to execute a 2026-2029 Memorandum of Understanding and any related Side Letter Agreements Between the City of Santa Clara and the Santa Clara Firefighters, International Association of Firefighters, Local 1171 (Unit 1) on the terms presented, as reflected in the Mediation Joint Recommendation, in a final form approved by the City Attorney; (2) adopt Resolution No. 26-9550 Updating the Salary Plan for various Unit 1 classified positions to satisfy the requirements of California Code of Regulations Section 570.5; and (3) approve the Fiscal Year 2025/26 budget amendment in the General Fund to increase the Fire Department appropriation by $576,000 and decrease the unrestricted ending fund balance by $576,000.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal

PUBLIC HEARING/GENERAL BUSINESS
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6. 26-235 Public Hearing: Action on the Adoption of the Proposed FY 2026/27 Municipal Fee Schedule
Recommendation: Adopt a Resolution for the “City of Santa Clara 2026/27 Municipal Fee Schedule” which

1. Sets new fees, rates and charges (collectively “fees”);

2. Amends existing fees; and

3. Deletes certain fees; for various City departments effective on July 1, 2026.

Mayor Gillmor opened the Public Hearing.

Acting City Manager Azevedo made a few opening remarks and introduced Senior Management Analyst Hoang who provided a Powerpoint presentation on the action on the Adoption of the Fiscal Year 2026/27 Municipal Fee Schedule.

Council questions followed.

Public Comment: None
A motion was made by Vice Mayor Gonzalez, seconded by
Councilmember Hardy, to close the Public Hearing.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
Director of Finance Lee, Director of Parks and Recreation Sparacino, and Terry Madsen (President, ClearSource) addressed Council questions.

Council questions followed.

A motion was made by Councilmember Hardy, seconded by
Councilmember Jain, to (1) adopt Resolution No. 26-9552 for the “City of Santa Clara 2026/27 Municipal Fee Schedule” which: (a) sets new fees, rates and charges (collectively “fees”); (b) amends existing fees; and (c) deletes certain fees; for various City departments effective on July 1, 2026; and (2) direct staff to return with a comprehensive operational plan policy for stadium parking at the Youth Soccer Park and Reed & Grant Park.

Aye: Vice Mayor Gonzalez, Councilmember Hardy, Councilmember Park, Councilmember Jain, Councilmember Cox, and Mayor Gillmor 6 -

Absent: 1 - Councilmember Chahal
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REPORTS OF MEMBERS, SPECIAL COMMITTEES AND COUNCILMEMBER 030 REQUESTS Councilmember Jain reported gifts he received at the opening of the new Family Giving Tree facility on March 25, 2026 and from students visiting from Izumo, Japan on March 31, 2026.

Councilmember Cox noted that she attended the Cities Association of Santa Clara County Legislative Action Committee and Board of Directors Meeting on April 9, 2026. She provided a report on the meeting.

CITY MANAGER/EXECUTIVE DIRECTOR REPORT
None.

ADJOURN TO CLOSED SESSION

CLOSED SESSION

7. 26-463
Public Comment
The regular meeting was adjourned into Closed Session in memory of Joe Siecinski and Stuart Sampson at 10:37 PM.

Conference with Labor Negotiators (CC)
Pursuant to Gov. Code § 54957.6
City representatives: Aracely Azevedo, Marco Mercado, Ashley Lancaster, Glen Googins and Su Reuter
Employee Organization(s):

Unclassified Fire Management (Unit #9B)
None.

Councilmember Park provided some remarks on Joe Siecinski.

Convene to Closed Session (Council Conference Room)
Mayor Gillmor adjourned into Closed Session at 10:39 PM.

ADJOURNMENT

REPORTS OF ACTION TAKEN IN CLOSED SESSION, IF ANY REQUIRED, TO BE PRESENTED BY THE CITY ATTORNEY IN PERSON IN COUNCIL CHAMBERS AND AT THE NEXT MEETING ON MAY 5, 2026.

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Closed Session was adjourned at 10:50 PM.

Meeting Minutes 04/21/2026

MEETING DISCLOSURES
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

STREAMING SERVICES: As always, the public may view the meetings on SantaClaraCA.gov, Santa Clara City Television (Comcast cable channel 15), or the livestream on the City’s YouTube channel or Facebook page.

Note: The public cannot participate in the meeting through these livestreaming methods; livestreaming capabilities may be disrupted at times, viewers may always view and participate in meetings in-person and via Zoom as noted on the agenda.

AB23 ANNOUNCEMENT: Members of the Santa Clara Stadium Authority, Sports and Open Space Authority and Housing Authority are entitled to receive $30 for each attended meeting.

Note: The City Council and its associated Authorities meet as separate agencies but in a concurrent manner. Actions taken should be considered actions of only the identified policy body.

LEGEND: City Council (CC); Stadium Authority (SA); Sports and Open Space Authority (SOSA); Housing Authority (HA); Successor Agency to the City of Santa Clara Redevelopment Agency (SARDA); Bayshore North Project Enhancement Authority (BNPEA); Public Facilities Financing Corporation (PFFC)
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]> or at the public information desk at any City of Santa Clara public library.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker."
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format. Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before the scheduled event.

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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
26-10 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Board, Commissions and Committee Minutes

RECOMMENDATION
Note and file the Minutes of:

Bicycle and Pedestrian Advisory Committee - January 26, 2026 City of Santa Clara Page 1 of 1 Printed on 5/15/2026
powered by Legistar™
City of Santa Clara
Meeting Minutes
Bicycle & Pedestrian Advisory Committee
Draft
4:00 PM City Hall Council Chambers
1500 Warburton Avenue
Santa Clara, CA 95051
01/26/2026
The City of Santa Clara is conducting the Bicycle and Pedestrian Committee meetings in a hybrid manner (in-person and continues to have methods for the public to participate remotely). • Via Zoom:
https://santaclaraca.zoom.us/j/83368467068
Meeting ID: 833 6846 7068 or
Phone: 1 (669) 900-6833
1 CALL TO ORDER AND ROLL CALL
Chair Megas called the meeting to order at 4:12 PM
Member Hung Duong, Member Jorge Haro, Member Ken Kratz, Vice Chair Jonathan Marinaro, Chair Betsy Megas, Member Guillermo Jenaro, and Member Vernon Shure
Present 7 -
2 PUBLIC PRESENTATIONS
Video [00:03:17]
Member of the Public Henry asked when the minutes from the previous October meeting would be available.

Public Works Assistant Director Liw stated the October minutes would be posted online after it is approved by the committee during this meeting.

Member of the Public Diane Harrison announced that Bike to Shop Day Santa Clara will be on May 30th, Bike to Wherever Day will be on May 14th, and there will be an Energizer Station at the Senior Center on May 15th. She stated these events are looking for volunteers and to contact BPAC Member Ken Kratz if anyone is interested. She asked about the grant report and how BPAC can make recommendations to Council. 3 CONSENT CALENDAR
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A. 25-1690 Bicycle and Pedestrian Advisory Committee Meeting Minutes of October 27, 2025 (Megas)
Recommendation: Approve the Bicycle and Pedestrian Advisory Committee Meeting Minutes of October 27, 2025.

Video [00:07:37]
Member Kratz made comments on the October minutes. A motion was made by Member Kratz, seconded by Vice Chair Marinaro, to Approve the Consent Calendar with the provision that staff will update the minutes regarding the discussion of bicycle use on sidewalks. The motion carried by the following votes.

Aye: Member Duong, Member Haro, Member Kratz, Vice Chair Marinaro, Chair Megas, and Member Shure
6 -
Abstained: 1 - Member Jenaro
4 REPORTS FOR COMMITTEE INFORMATION
A. 25-1691 Police Verbal Update (Ernst)
Video [00:17:16]
Officer Ernst introduced himself as the new Police Department Representative and provided a verbal update on reported bicycle collisions.

Committee comments and questions followed.

Officer Ernst addressed Committee questions.
5 ACTION ITEMS / GENERAL BUSINESS
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A. 25-1696 Transportation Development Act/Transportation Fund for Clean Air Funding Recommendations (Shariat)
Recommendation: 1. Approve Alternative 1 to apply for the FY 2026/27 TDA funding cycle to supplement funding for the Measure I Bicycle Wayfinding project; and

2. Approve staff recommendation to apply for the FY 2026/27 TFCA funding cycle for the purchase of bicycle racks and install them within the public right-of-way locations identified within the spot improvements graphic.

Video [00:31:31]
Acting Transportation Manager Shariat presented the staff recommendations for FY2026/27 funding allocation of the Transportation Development Act program for the Measure I Bicycle Wayfinding Project and funding allocation of the Transportation Fund For Clean Air program for bicycle racks.

Committee questions and comments followed regarding the bicycle wayfinding project.

Public Speaker: Diane Harrison
Assistant Public Works Director Liw and Acting Transportation Manager Shariat addressed Committee questions.

A motion was made by Member Jenaro and seconded by Vice Chair Marinaro, to approve the staff recommendation for allocating TDA funds for the bicycle wayfinding project. The motion is carried by the following votes:

Aye: Member Duong, Member Haro, Member Kratz, Vice Chair Marinaro, Chair Megas, Member Jenaro, and Member Shure
7 -
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Video [01:11:07]
Committee questions and comments followed regarding the bicycle racks.

Public Speaker: Henry, Diane Harrison
Assistant Public Works Director Liw and Acting Transportation Manager Shariat addressed Committee questions.

A motion was made by Member Kratz and seconded by Vice Chair Marinaro, to approve the staff recommendation for allocating TFCA funds for bicycle rack project with the request for BPAC involvement in bicycle rack locations and staff review on how publicly funded bike racks could be implemented on private property on request of the property owner. The motion is carried by the following votes:

Aye: Member Duong, Member Haro, Member Kratz, Vice Chair Marinaro, Chair Megas, Member Jenaro, and Member Shure
7 -
B. 25-1697 Review of Work Plan Topics Proposed for Fiscal Year 2026/27 BPAC Work Plan (Garcia)
Recommendation: Approve staff recommendation regarding the development of the FY 2026/27 BPAC Work Plan.

VIdeo [01:35:21]
Senior Civil Engineer Garcia presented the proposed work plan topics for FY 2026-2027 BPAC meetings.

Committee comments and questions followed.

Senior Civil Engineer Garcia addressed Committee questions.

Public Speaker: Diane Harrison
Member Jenaro was excused from the meeting at 6:15 PM.

A motion was made by Chair Megas, seconded by Member Shure, to combine the proposed work plan items per Committee discussion and advance the proposed work plan topics for ranked choice voting. The motion carried by the following votes:

Aye: Member Duong, Member Haro, Member Kratz, Vice Chair Marinaro, Chair Megas, and Member Shure
6 -
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Excused: 1 - Member Jenaro
C. 25-1692 Creation of Data-Driven Approach to Evaluating Bicycle and Pedestrian Projects Subcommittee (Megas)
Recommendation: Create Data-Driven Approach to Evaluating Bicycle and Pedestrian Projects subcommittee, if needed, and appoint members to serve on the subcommittee.

VIdeo [03:09:53]
Senior Civil Engineer Garcia presented the item for BPAC to discuss the creation of a new subcommittee for data-driven approach to evaluating bicycle and pedestrian projects and appoint members to serve on the subcommittee.

Committee comments and questions followed.

A motion was made by Vice Chair Marinaro seconded by Chair Megas, to table the agenda item to the next BPAC meeting so Member Jenaro can provide his input on the proposed
subcommittee. The motion carried by the following votes:

Aye: Member Duong, Member Haro, Member Kratz, Vice Chair Marinaro, Chair Megas, and Member Shure
6 -
Excused: 1 - Member Jenaro
6 REPORTS FOR COMMITTEE INFORMATION
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A. 25-1694 Public Works Verbal Update (Liw/Shariat)
Video [03:17:07]
Assistant Public Works Director Liw and Acting Transportation Manager Shariat gave the following updates:

1. Transportation Manager position and staff vacancies

2. Super Bowl 60 traffic control and detour map information available by Bay Area Host Committee

3. Vision Zero going to Council for adoption on March 10th

4. Spreadsheet of grant program activity posted on BPAC webpage to streamline meeting agenda
Committee questions and comments followed.

Assistant Public Works Director Liw addressed Committee questions.

B. 25-1704 Improvements to Safe Routes to School Program (Shariat) Video [03:29:39]
Acting Transportation Manager Shariat reported on the work topic about Safe Routes to School program improvements regarding education and engagement activities at participating schools and bicycle safety inspection and maintenance classes.

Committee questions and comments followed.

Public Speaker: Diane Harrison
Acting Transportation Manager Shariat addressed Committee questions.

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C. 25-1705 Safety Tips on BPAC Website, Posters, and Bicycle Map (Garcia) Video [03:48:20]
Senior Civil Engineer Garcia reported on the work topic about updating the BPAC webpage, providing bicycle and pedestrian safety tip poster, and providing safety information to the City's bicycle map.

Committee questions and comments followed.

Public Speaker: Henry, Diane Harrison
Senior Civil Engineer Garcia addressed Committee questions.

D. 25-1708 Valley Transportation Authority Bicycle and Pedestrian Advisory Committee Meetings Update (Megas)
Video [04:04:44]
Chair Megas reported on the Valley Transportation Authority Bicycle and Pedestrian Advisory Committee Meetings.

Committee questions and comments followed.

Chair Megas addressed Committee questions.

E. 25-1709 Santa Clara Station Area Task Force Update (Shure) Video [04:13:53]
Member Shure reported on the update of the Santa Clara Station Area Task Force.

Committee questions and comments followed.

Member Shure addressed Committee questions.

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F. 25-1700 Ad-hoc Subcommittee Reports (Megas)
Video [04:23:10]
Member Kratz and Member Haro reported on the Bicycle Wayfinding subcommittee.

Public Speaker: Diane Harrison
Committee questions and comments followed.
7 ANNOUNCEMENTS AND MEMBER REPORTS
Video [04:41:39]
Committee made several statements and announcements about upcoming events:

1. Requested staff to provide list of prioritized bicycle and pedestrian resources that BPAC members and the public should be familiar with.

2. Stevens Creek Steering Committee meeting on Wednesday 1/26 2:30pm at San Jose City Hall.

3. Online e-bike town hall with State Senator Josh Becker.

4. Draft Guadalupe River Trail Connection Plan comments are due January 30th.
8 ADJOURNMENT
The meeting was adjourned at 8:55 PM.

The next scheduled meeting will be on March 23, 2026 at 4:00 PM.

A motion was made by Vice Chair Marinaro, seconded by Member Kratz, to adjourn the meeting

Aye: Member Duong, Member Haro, Member Kratz, Vice Chair Marinaro, Chair Megas, and Member Shure
6 -
Excused: 1 - Member Jenaro
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MEETING DISCLOSURES
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

If a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no speaker card is submitted, the Minutes will reflect "Public Speaker." In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs, services, and activities.

Agendas and other written materials distributed during a public meeting that are public record will be made available by the City in an appropriate alternative format. Contact the City Clerk’s Office at 1 408-615-2220 with your request for an alternative format copy of the agenda or other written materials.

Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before the scheduled event.

City of Santa Clara Page 9 Printed on 03/06/2026
City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
26-510 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Action on Monthly Financial Status and Investment Reports for March 2026 and Approval of the Related Budget Amendments

BACKGROUND
In compliance with the Charter of the City of Santa Clara and the adopted Investment Policy, the monthly financial report and monthly investment report for March 2026 are submitted for your information. The financial reviews, as of March 31, 2026, provide a year-to-date financial update to the City Council for fiscal year 2025/26. The analysis of the revenues collected and all expenditure measures the level of adherence to the established resource allocation plan and allows the City to monitor and project revenues and expenditures throughout the year.

The Budget incorporates the estimated revenues and planned expenditures for all funds. The attached Financial Status Report provides the budget to actual revenue and expenditure summaries for the General Fund, Special Revenue Funds, Enterprise Funds and Internal Service Funds, as well as expenditure summaries for Capital Improvement Funds and Fund Reserve Balances. Any significant variances are explained in the reports.

In accordance with City Council Policy 051 - Donations to the City, a monthly activity and annual summary of donations received by department is included in these reports. Although the requirement of the policy is to report quarterly, the City has been including this information monthly along with the financial status report.

DISCUSSION
Monthly Financial Status Report (Attachment 1)
The attached Monthly Financial Status Report summarizes the City’s financial performance as of March 31, 2026 (Attachment 1). This report provided financial analysis for the General Fund, select Special Revenue Funds, Internal Service Funds, Enterprise Operating Funds, and Capital Improvement Funds.

General Fund revenues (excluding transfers) were at 70% of the budget through March 2026. Based on the prior year performance and collections through March, General Fund revenues are currently tracking to exceed the budget. As shown in Monthly Financial Status Report, General Fund expenditures (excluding transfers) were at 70.1% through March 2026 and are projected to end the year with savings.

As shown in Monthly Financial Status Report, total revenues for Enterprise Funds (Electric, Water, Sewer, Cemetery, Solid Waste, and Water Recycling) were at 58.3% of the budget through March 31, City of Santa Clara Page 1 of 4 Printed on 5/15/2026
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2026, while total expenses were at 67.3%.

In March, donations of $629 were received, bringing total donations to $47,423.

The Spring 2026 UCLA Anderson Forecast points to a shift in economic momentum since late 2025 with strong projected economic growth approaching 3% in 2026. This growth is expected to be driven by income tax cuts, expansion of fiscal stimulus, and artificial intelligence investment. The Iran war, however, has resulted in greater economic uncertainty, with economists pointing to the negative impacts on gas prices, inflation, consumer spending, and employment as well lower economic growth projections. The war has also led to significant financial market volatility.

In the advance estimate for the first quarter of 2026, the Gross Domestic Product (GDP) increased at an annual rate of 2.0%, following a GDP increase of 0.5% in the fourth quarter 2025. On a national level, the unemployment rate decreased slightly from 4.4% in February to 4.3% in March 2026. In March, the number of unemployed persons totaled 7.2 million, a decrease from 7.6 million in February 2026. The California unemployment rate was 5.3% in March 2026, down from 5.4% in February 2026. The unadjusted unemployment rate in the San José-Sunnyvale-Santa Clara Metropolitan Statistical Area (MSA) was 3.9% in March 2026, down slightly from a revised 4.2% in February 2026, and below the March 2025 level of 4.2%.

Staff will continue to closely monitor the General Fund revenues and the City’s overall financial performance.

Monthly Investment Report (Attachment 2)
All securities held by the City of Santa Clara as of March 31, 2026 were in compliance with the City’s Investment Policy Statement regarding current market strategy and long-term goals and objectives.

All securities held are rated “A” or higher by two nationally recognized rating agencies. There are adequate cash flow and maturity of investments to meet the City’s needs for the next six months.

The City’s investment strategy for March 2026 was to invest funds not required to meet current obligations in securities listed in the prevailing Investment Policy Statement, with maturities not to exceed five years from the date of purchase. This strategy ensures safety of the City’s funds and provides liquidity to meet the City’s cash needs. There was a reasonable portfolio return of 4.15% in March.

The Monthly Investment Report also includes a Statement of Transactions, following the Investment Inventory, in accordance with California Municipal Treasurers Association investment policy guidelines.

ENVIRONMENTAL REVIEW
The actions being considered do not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to section 15378(b)(4) of Title 14 of the California Code of Regulations in that they are fiscal activities that do not involve any commitment to any specific project which may result in a potential significant physical impact on the environment.

FISCAL IMPACT
From time to time, adjustments to the budget are required to reflect new information, align budgets City of Santa Clara Page 2 of 4 Printed on 5/15/2026
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with actual revenues and expenses, and correct for inadvertent errors. The recommended budget adjustment is described in Attachment 3 and summarized below:
· General Fund - recognizes wildland reimbursements and appropriates the funds to the Fire Department and transfers funds to the Vehicle Replacement Fund for increased costs associated with vehicles for the Fire and Parks and Recreation Departments, offset by unrestricted fund balance and Parks and Recreation Department savings; · Cemetery Capital Fund - establishes a new Memorial Park Roadway Rehabilitation project to repair the asphalt roadways at Mission City Memorial Park, offset by a transfer from the Cemetery Fund and the unrestricted ending fund balance; · Cemetery Fund - transfers funds to the Cemetery Capital Fund for the new Memorial Park Roadway Rehabilitation project, offset by expenditure savings and unrestricted ending fund balance;
· Fire CUPA Fund - increases funding for as-needed staff to support CUPA-specific Public Records Act requests, offset by unrestricted ending fund balance; · Streets and Highways Capital Fund - establishes the North Santa Clara Transit Station Access and Circulation Study project, offset by grant funding and matching funds from the Pedestrian and Bicycle Enhancement Facilities Project; and
· Vehicle Replacement Fund - recognizes a transfer from the General Fund and appropriates the funds to Capital Outlay to cover increased costs associated with vehicle replacements for the Fire Department and vehicle additions for the Parks and Recreation Department.

COORDINATION
This report has been coordinated with the City Attorney’s Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION

1. Note and file the Monthly Financial Status Report and Monthly Investment Report for March 2026 as presented; and

2. Approve the Fiscal Year 2025/26 budget amendments in the following funds (as detailed in the Fiscal Impact section of the staff report and Attachment 3 of the staff report):
a. In the General Fund, recognizes wildland reimbursement revenue and appropriates the funds to the Fire Department, and transfers funds to the Vehicle Replacement Fund for Fire Department and Parks and Recreation Department vehicle costs, with a net impact of $42,303;
b. In the Cemetery Capital Fund, establishes a new Memorial Park Roadway Rehabilitation project, offset by a transfer from the Cemetery Fund and the unrestricted ending fund balance, with a net impact of $446,905;
c. In the Cemetery Fund, transfers funds to the Cemetery Capital Fund for the new Memorial Park Roadway Rehabilitation project, with a net impact of $0; d. In the Fire CUPA Fund, increases funding for as-needed staff, offset by unrestricted ending City of Santa Clara Page 3 of 4 Printed on 5/15/2026
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fund balance, with a net impact of $0;
e. In the Streets and Highways Capital Fund, establishes the North Santa Clara Transit Station Access and Circulation Study project, offset by grant funding and the Pedestrian and Bicycle Enhancement Facilities Project, with a net impact of $145,000; and f. In the Vehicle Replacement Fund, increases the Capital Outlay appropriation for Fire Department and Parks and Recreation Department vehicle costs, offset by a transfer from the General Fund, with a net impact of $187,170.

Items 2a - 2f, five affirmative Council votes required to appropriate additional revenue and for the use of unused balances.

Reviewed by: Kenn Lee, Director of Finance
Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. Monthly Financial Status Report - March 2026

2. Monthly Investment Report - March 2026

3. FY 2025/26 Budget Amendments
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1 City of Santa Clara
Financial Status Report as of March 31, 2026
This report summarizes the City’s financial performance for the month ending March 31, 2026.

Financial analysis for the report is provided for the General Fund, select Special Revenue Funds, Enterprise Operating Funds, Internal Service Funds, and Capital Improvement Funds. Financial information included in this report is unaudited.

Economic Outlook
The Spring 2026 UCLA Anderson Forecast points to a shift in economic momentum with strong projected economic growth approaching 3% in 2026. “After momentarily stuttering in 2025 in the face of the highest tariff rates in a century, the U.S. economy is expected to resume a brisk pace of nearly 3% GDP growth in 2026. This expansion is fueled by significant fiscal stimulus, through income tax cuts, looser financial conditions, and an expanding boom in AI capital expenditures. Supporting this growth in demand are the continued gains in productivity observed since the post-pandemic recovery. While the labor market is projected to strengthen in response to rising demand, restrictive immigration policies will continue to limit its overall rate of expansion.

The aggregate strength of the economy masks significant underlying vulnerabilities that should not be ignored. Delinquency rates on credit cards and auto loans are concerningly high. Simultaneously, small businesses have seen shrinking employment as they struggle with the elevated cost of goods driven by tariffs and labor shortages linked to deportations. The residential real estate sector remains largely paralyzed by a dual stagnation of demand and supply; meanwhile, new construction inventories are beginning to pile up, placing downward pressure on home prices. Consequently, consumer sentiment remains at levels typically observed only
during recessions, highlighting a deep
disconnect between macroeconomic
indicators and the financial reality of many
Americans.”1
The UCLA Forecast assumes real Gross
Domestic Product (GDP) growth of
approaching 3.0% in 2026, driven by
growth in personal consumption and
continued capital investment, including
investment in AI infrastructure and
equipment. Lower GDP growth is expected
in 2027 and 2028 with increases in the
low- to mid- 2% range as the AI
infrastructure buildout begins to taper and
the fiscal landscape becomes more
restrained with spending cuts taking effect,
particularly to Medicaid and SNAP.
1 UCLA Anderson Forecast for the Nation, Spring 2026 Report: From Tariff Hikes to Income Tax Cuts Quarterly Real GDP Growth Forecast
(Seasonally Adjusted Annual Rates)
GDP Growth Forecast
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1. e I " 0... 1
0 ~ "
& 0
- 1
Sources: Bureau of Economic Analysis, UCLA Anderson Forecast 2 City of Santa Clara
Financial Status Report as of March 31, 2026
The war in Iran has resulted in greater economic uncertainty, with economists pointing to the negative impacts on gas prices, inflation, consumer spending, GDP growth, and employment as well lower economic growth projections. The war has also led to significant financial market volatility.

In the advance estimate for the first quarter of 2026, the Gross Domestic Product (GDP) increased at an annual rate of 2.0%, following a GDP increase of 0.5% in the fourth quarter 2025. The increase in real GDP reflected increases in investment, exports, consumer spending, and government spending.

Imports, which are a subtraction in the calculation of GDP, also increased. 2 On a national level, the unemployment rate decreased slightly from 4.4% in February to 4.3% in March 2026. In March, the number of unemployed persons totaled 7.2 million, a decrease from 7.6 million in February 2026.
3 2 https://www.bea.gov/news/2026/gdp-advance-estimate-1st-quarter-2026 3 https://www.bls.gov/news.release/pdf/empsit.pdf
Real GDP, Percent Change From Preceding Quarter
Seasonally adjusted annual rates

5.0 4.0
3 0

2.0 1.0

0.0 -1.0
Q4
2024
GDP Gross domestic product
U.S. Bureau of Economic Analysis
Ql
Chari 11. Unemployment rate, seasonally adjusted,
March 2024 - March 2026
PercE!lflt

5.5 5.0

4.0 3.0
Q2
Mar-2 Jun-2 Sep-24 Oec-24 Mar-25 Jun-25 Sep-25- Dei,-25 Mar-26, Note: Data for October 2025 w er e oot oolle c ed du e to the federal goYe m m ent shu down.

Q3
2025
-
Q4 Ql
2026
Chart 2. Nonfarm payroll employment over-,the-month change, seasonally adjusted , Marnll 2024 - Maron 2026
Thou san ds
300
200
100
0 -100
-200
Mar-24 Jun-24 Sep-24 Oe<>-24 Mar-25 Jun-25 Sep-2.5 Dei,-25 Mar-26 3 City of Santa Clara
Financial Status Report as of March 31, 2026
At the state level, the California unemployment rate was 5.3% in March 2026, down from 5.4% in February 2026. This rate is also down from the 5.4% rate in March 2025. Over the past year, California employers have gained 144,700 nonfarm jobs (0.8% increase). 4 The unadjusted unemployment rate in the San José-Sunnyvale-Santa Clara Metropolitan Statistical Area (MSA) was 3.9% in March 2026, down slightly from a revised 4.2% in February 2026, and below the March 2025 level of 4.2%. Between March 2025 and March 2026, employment in this region increased by 18,200 jobs, or 1.6%. The largest increases were in private education and health services (up 11,900 jobs) and construction (up 3,900 jobs).
5 General Fund
The General Fund is the major operating fund for the City and includes multiple programs, services, and activities for the residents and businesses of the City. The adopted budget for operating revenues and expenditures for fiscal year 2025/26 was $353.0 million. The amended budget for revenues and expenditures was adjusted to $384.9 million to reflect carryover encumbrances from fiscal year 2024/25 and various budget amendments approved by the City Council through March 2026.

General Fund revenues are tracking to exceed the budget and expenditures are tracking to end the year with savings.
4 https://edd.ca.gov/en/about_edd/news_releases_and_announcements/unemployment-March-2026/ 5 https://labormarketinfo.edd.ca.gov/file/lfmonth/sjos$pds.pdf 4 City of Santa Clara
Financial Status Report as of March 31, 2026
General Fund Revenues
As of March 31, 2026, $236.7 million, or 70% of General Fund revenue (excluding transfers) was received. Collections are tracking below par through March due to the timing of payments. In some cases, such as property tax, most payments are scheduled to occur later in the fiscal year. Transfers and use of reserves of $46.9 million have occurred as budgeted.

Adopted Budget
Amended
Budget
Actual Through
03/31/2026
Percentage
Received
Actual Through
03/31/2025
$
Change From
Prior Year
Percentage
Change
TAXES
Sales Tax $ 65,850,000 $ 65,850,000 $ 45,864,024 69.65% $ 44,300,293 $ 1,563,731 3.53% Property Tax 101,181,000 101,181,000 59,769,969 59.07% 56,615,656 3,154,313 5.57% Transient Occupancy Tax 27,500,000 27,500,000 19,360,199 70.40% 14,155,508 5,204,691 36.77% Other Taxes 7,200,000 7,200,000 3,507,176 48.71% 3,512,800 (5,624) -0.16% Total Taxes 201,731,000 201,731,000 128,501,368 63.70% 118,584,257 9,917,111 8.36%

LICENSES & PERMITS
Business Licenses 6,200,000 6,200,000 4,706,436 75.91% 4,699,938 6,498 0.14% Building Permits - - 1,139,098 N/A 992,807 146,291 14.74% Fire Operation Permits 1,998,000 1,998,000 1,613,128 80.74% 1,645,200 (32,072) -1.95% Miscellaneous Permits 26,000 26,000 254 0.98% 74,227 (73,973) -99.66% Total Licenses & Permits 8,224,000 8,224,000 7,458,916 90.70% 7,412,172 46,744 0.63% FINES & PENALTIES 1,557,000 1,557,000 2,466,546 158.42% 1,682,721 783,825 46.58% INTERGOVERNMENTAL 580,000 1,256,079 804,012 64.01% 2,058,805 (1,254,793) -60.95% CHARGES FOR SERVICES 35,626,474 35,843,074 28,676,980 80.01% 26,120,137 2,556,843 9.79% SILICON VALLEY POWER TRANSFER 37,275,000 37,275,000 27,956,253 75.00% 26,598,824 1,357,429 5.10%

USE OF MONEY & PROPERTY
Interest 6,247,000 6,247,000 7,294,771 116.77% 3,345,552 3,949,219 118.04% Rent 13,107,611 13,536,011 11,045,510 81.60% 9,186,726 1,858,784 20.23% Total Use of Money & Property 19,354,611 19,783,011 18,340,281 92.71% 12,532,278 5,808,003 46.34% MISCELLANEOUS REVENUES 380,000 1,220,816 1,098,702 90.00% 303,120 795,582 262.46% LAND PROCEED - - - N/A 500 (500) -100.00%

OTHER FINANCING SOURCES
Operating Transfer In - Storm Drain 1,454,000 1,454,000 1,454,000 100.00% 1,454,000 - 0.00% Operating Transfer In - Reserves 9,556,671 16,973,212 16,973,212 100.00% 13,950,549 3,022,663 21.67% Operating Transfer In - Fund Balances(1) 5,816,858 28,044,857 28,044,857 100.00% 6,162,369 21,882,488 355.10% Operating Transfer In - Miscellaneous 405,265 401,746 401,746 100.00% 2,201,534 (1,799,788) -81.75% Total Other Financing Sources 17,232,794 46,873,815 46,873,815 100.00% 23,768,452 23,105,363 97.21%

STADIUM OPERATION
Charges for Services 24,423,380 24,497,380 20,105,443 82.07% 17,307,769 2,797,674 16.16% Rent and Licensing 6,640,308 6,640,308 1,318,972 19.86% 7,612,194 (6,293,222) -82.67% Total Stadium Operation 31,063,688 31,137,688 21,424,415 68.81% 24,919,963 (3,495,548) -14.03% TOTAL GENERAL FUND $ 353,024,567 $ 384,901,483 $ 283,601,289 73.68% $ 243,981,230 $ 39,620,059 16.24% (1) The Operating Transfer In - Fund Balances includes the carryover encumbrances of open purchase orders as of June 30, 2024 and mid year budget amendment from reserves.

Function

CITY OF SANTA CLARA

GENERAL FUND

REVENUE OVERVIEW AND COMPARISON BY TYPE
FISCAL YEAR 2025/26 PY REVENUE COMPARISON
5 City of Santa Clara
Financial Status Report as of March 31, 2026
General Fund Revenues
Sales Tax: The City of Santa Clara sales tax rate is 9.125%, of which the City receives 1.0%. As of March 31, 2026, $45.9 million has been recorded, which is 3.5% higher than prior year collection levels.

Given the timing of payments, the sales tax receipts through March account for actual activity in the first two quarters (July 2025 through January 2026) and one advance payment for the third quarter. In addition, $0.5 million has been received for the Proposition 172 Public Safety Sales Tax, which is consistent with the prior fiscal year.

In the first quarter of FY 2025/26 (July – September activity) receipts totaled $18.4 million. This collection level was 3.9% below the prior year receipts of $19.2 million for the first quarter of FY 2024/25. This decrease was the result of a 16.0% decrease in the Business-to-Business category, partially offset by growth in the remaining categories. In the second quarter of FY 2025/26 (October – December activity), receipts totaled $21.9 million and were up 8.6% from the same period last year.

This increase was primarily the result of a 30.2% increase in the County pool; these collections represented approximately 23% of the City’s sales tax receipts. The City business categories that experienced growth in the second quarter included Construction (up 42.0%), Transportation (up 2.9%), and General Retail (up 1.8%). This growth was partially offset by declines in food products (down

3.4%), and business to business (down 12.3%).

Given the strong performance to date and the strong performance in FY 2024/25, collections are tracking to exceed the budget estimate of $65.9 million. Collections are projected to exceed the budget by over $10 million based on the current data available and projections from the City’s sales tax consultant.

Property Tax: Through March, Property tax receipts totaled $59.8 million, up 5.6% from the prior year.

The majority of property tax revenue is collected in the second half of the fiscal year. Based on information from the County of Santa Clara, property tax receipts are projected to end the year at $103.6 million, slightly above the Adopted Budget estimate of $101.2 million.

Transient Occupancy Tax (TOT): TOT is calculated as a percentage of City hotel/motel room charges. The City’s TOT rate is 13.5%. Through March 31, 2026, $19.4 million has been collected, which reflects a 36.8% increase when compared to the collection level in the prior year. Beginning July 2025, all hotels submit TOT payments monthly rather than a combination of monthly and quarterly payments, which will impact the collection pattern during this fiscal year. Based on the higher prior year collection level, current year receipts, and the impact from the Super Bowl and FIFA World Cup events, TOT revenue is projected to exceed the budgeted estimate by year-end by $3 million - $5 million.

Other Taxes: Includes franchise tax and documentary transfer tax. The City has collected $3.5 million through March, including franchise tax ($2.4 million) and documentary transfer tax ($1.1 million).

Receipts are consistent with last fiscal year’s collection levels of $3.5 million. Growth of 2.6% is needed to meet the budgeted estimate.
6 City of Santa Clara
Financial Status Report as of March 31, 2026
Licenses & Permits: Includes business licenses, fire operation permits, and miscellaneous permits and fees. This category also includes a portion of building permits that are allocated for advanced planning. Licenses and permits revenue collections are tracking above par with receipts totaling $7.5 million, or 90.7% of the $8.2 million budget. This collection level is consistent with prior year receipts of $7.4 million. Business licenses receipts represent the majority of the collections to date at $4.7 million.

Collections in this category are tracking on par with the prior year level but are projected to end the year slightly below the $6.2 million budget.

Fines & Penalties: Includes collection charges (late fees), vehicle, parking, court fines, and miscellaneous penalty fines. The revenue collected in this category through March was $2.5 million, which is above the budget of $1.6 million and the prior year level collections of $1.7 million. The majority of the receipts are comprised of collection charges. The variance from the prior year is primarily due to higher collection charges, partially offset by a decrease in municipal fines collected.

Intergovernmental: Includes motor vehicle fees, state homeowner property tax relief, state mandated reimbursement and redistribution of land sale proceeds and ground leases from the Successor Agency.

Through March 31, 2026, $0.8 million has been collected in this category, which is 64% of the budget.

This collection level is 61% lower than prior year levels; collections were higher last year due to wildland reimbursements. Motor vehicle fees total $0.2 million, slightly exceeding the budget, and the State reimbursement for homeowners property tax relief totals $0.1 million and is expected to reach the $0.2 million budget by year-end. The miscellaneous other agency revenues total $0.5 million, which primarily reflects the SB 90 reimbursements from the State for state-mandated programs delivered by the Police Department and wildland reimbursements for the Fire Department. Budget actions to appropriate these funds to the Police and Fire Departments were approved as part of the July/August Monthly Financial Report and February Monthly Financial Report, respectively.

Charges for Services: Includes various plan check and zoning-related fees, engineering fees, administrative fees, and community service revenue from various recreational activities. Through March, collections totaled approximately $28.7 million or 80% of the budget. This reflects a 9.8% increase compared to last year’s collections, primarily due to higher receipts in engineering fees, interdepartmental charges, planning and zoning fees, and EMS transport fees.

Silicon Valley Power Transfer: In accordance with the City’s charter, Silicon Valley Power (SVP) pays

5.0% of gross revenues to the General Fund. Transfers throughout the year are based on the budgeted estimate and will be trued up at the end of the fiscal year based on actual performance. Based on the prior year collections and activity levels in SVP, receipts in this category are expected to exceed the budgeted estimate.

Use of Money & Property: Includes realized investment income and rental income. Collections of $18.3 million are higher than prior year levels in both categories. The increase in rental income reflects higher right-of-way collections and lease revenues. Interest collections came in nearly 100% higher than prior year levels due to several factors, including an increase in the size of the portfolio, the interest income distribution timing, a higher level of realized losses last fiscal year, and higher earnings 7 City of Santa Clara
Financial Status Report as of March 31, 2026
for certain securities. Receipts in this category are expected to exceed the budgeted estimate by approximately $3.0 million based on current collection trends.

Miscellaneous Revenues: Includes developer fees, donations, damage recovery, and one-time miscellaneous revenues. Through March, collections of $1.1 million are tracking at 90% the budget and are 262% above the prior year collections of $0.3 million. This increase is primarily due to a settlement agreement for damages incurred at Lick Mill Pump Station; the City was reimbursed $0.5 million for these damages. A budget action recognizing the reimbursement was approved by the City Council on January 13, 2026.

Stadium Operation: Through March 31, 2026, $21.4 million has been collected through charges for services and rent. Of this amount, $3.3 million and $5.6 million represents public safety cost reimbursements for non-NFL events and NFL games, respectively. The City received $4.8 million in revenue from the Stadium Authority’s year-end excess revenue distribution to the General Fund. The City also received the ground lease payment of $1.3 million and general and administrative cost reimbursements of $1.7 million, both from the Stadium Authority. Reimbursements of $3.8 million have been received from the Bay Area Host Committee. Remaining collections of $0.8 million reflected parking permits.
8 City of Santa Clara
Financial Status Report as of March 31, 2026
General Fund Expenditures
As of March 31, 2026, $286.1 million or 74.3% of the General Fund operating budget had been expended, which is higher than prior year expenditure levels. Excluding transfers, expenditures totaled $232.0 million, or 70.1% of the budget, which is below par of 75%. Transfers of $54.1 million have occurred as budgeted. Overall, expenditures in the General Fund are within budgeted levels through March and are expected to end the year with savings.

Adopted Budget
Amended
Budget
Actual Through
03/31/2026
Percentage
Used
Actual Through
03/31/2025
$
Change From
Prior Year
Percentage
Change

GENERAL GOVERNMENT
Non-Departmental $ 20,501,477 $ 20,160,144 $ 11,943,862 59.24% $ 10,742,184 $ 1,201,678 11.19% City Council 1,268,362 1,273,274 852,154 66.93% 807,172 44,982 5.57% City Clerk 1,761,474 1,763,949 1,261,539 71.52% 1,818,320 (556,781) -30.62% City Manager 5,859,758 6,942,349 4,608,262 66.38% 3,216,120 1,392,142 43.29% City Attorney 4,619,355 4,760,193 3,249,089 68.26% 2,162,030 1,087,059 50.28% City Auditor 1,075,554 1,167,005 588,275 50.41% 573,745 14,530 2.53% Human Resources 5,470,869 5,758,815 3,141,719 54.55% 3,062,674 79,045 2.58% Finance 20,897,522 21,598,708 14,764,142 68.36% 14,874,946 (110,804) -0.74% Total General Government 61,454,371 63,424,437 40,409,042 63.71% 37,257,191 3,151,851 8.46% PUBLIC WORKS 30,216,576 31,460,071 21,083,115 67.02% 18,852,161 2,230,954 11.83% COMMUNITY DEVELOPMENT 6,039,535 6,237,266 4,107,460 65.85% 3,601,833 505,627 14.04% PARKS AND RECREATION 24,548,978 25,373,495 17,278,052 68.09% 15,920,729 1,357,323 8.53%

PUBLIC SAFETY
Fire 70,335,667 71,148,082 52,697,400 74.07% 51,704,729 992,671 1.92% Police 99,261,544 100,299,895 74,940,827 74.72% 67,667,963 7,272,864 10.75% Total Public Safety 169,597,211 171,447,977 127,638,227 74.45% 119,372,692 8,265,535 6.92% LIBRARY 12,178,570 12,300,254 8,803,109 71.57% 8,807,213 (4,104) -0.05% DEPARTMENTAL TOTAL 304,035,241 310,243,500 219,319,005 70.69% 203,811,819 15,507,186 7.61%

OTHER FINANCING USES
Operating Transfer Out - Miscellaneous 1,062,675 1,635,973 1,635,973 100.00% 1,742,520 (106,547) -6.11% Operating Transfer Out - Debt Services 1,406,979 1,406,979 1,406,979 100.00% 1,405,940 1,039 0.07% Operating Transfer Out - Maintenance Dtrct 1,079,493 1,079,493 1,079,493 100.00% 977,546 101,947 10.43% Operating Transfer Out - Cemetery 1,078,109 1,078,109 1,078,109 100.00% 823,000 255,109 31.00% Operating Transfer Out - CIP 6,352,233 30,793,808 30,793,808 100.00% 14,436,988 16,356,820 113.30% Operating Transfer Out - Reserves 17,649,996 18,100,112 18,100,112 100.00% 7,324,722 10,775,390 147.11% Total Other Financing Uses 28,629,485 54,094,474 54,094,474 100.00% 26,710,716 27,383,758 102.52% STADIUM OPERATION 20,359,841 20,563,508 12,660,838 61.57% 7,179,165 5,481,673 76.36% TOTAL GENERAL FUND $ 353,024,567 $ 384,901,483 $ 286,074,317 74.32% 237,701,700 $ $ 48,372,616 20.35% Function

CITY OF SANTA CLARA

GENERAL FUND

EXPENDITURES OVERVIEW AND COMPARISON BY FUNCTION
FISCAL YEAR 2025/26 PY EXPENDITURES COMPARISON
9 City of Santa Clara
Financial Status Report as of March 31, 2026
General Fund Expenditures
Below is an explanation of certain budget to actual expenditure variances by program.

Non-Departmental: Includes expenditures that are not attributable to a single department, but a function of the City in general. Through March, expenditures totaled $11.9 million, or 59.2% of the budget, which is below par of 75%. Current year spend is tracking higher than prior year levels, primarily in the salaries and benefits and contractual services categories. Spend is also higher in the advertising and community promotion category as a result of the “Where the Mission Meets the Moment” community events. These costs are partially offset by sponsorship revenue received by the City and appropriated to Non-Departmental as approved by the City Council as part of the Monthly Financial Reports for December 2025 and January 2026.

City Attorney: Actual expenditures through March totaled approximately $3.2 million, which is 68.3% of the budget, which is below par. Spending is higher than the total expenditures through the same time last fiscal year by 50.3% due to higher salaries and benefits costs and outside legal counsel costs.

City Clerk: Through March, actual expenditures were tracking slightly below budget at approximately $1.3 million or 71.5% of the budget. This spend is 30.6% lower than prior year levels due to one-time election costs incurred in February 2025.

City Council: Through March, expenditures of $0.9 million were at 66.9% of budget, which is below par. Compared to the same period through last fiscal year, this reflects a 5.6% increase in expenditures, resulting from higher salary and benefits, operating supplies, and conference, training and travel spend.

City Manager: The actual expenditures through March totaled $4.6 million, or 66.4% of the budget, which is below par for this time of the year. Expenditures are approximately 43.3% higher compared with the spending level during the same period last fiscal year. This is due to higher spend in the salaries and benefits, operating supplies, and contractual services categories.

Community Development Department: This department consists of three divisions: Planning, Building, and Housing and Community Services. The Building Division of this department is reflected in the Building Development Services Fund, which falls under the special revenue section of this report.

Through March, departmental expenditures for the Planning and Housing and Community Services divisions totaled $4.1 million, or 65.9% of the budget, which is below par of 75%. This expenditure level is 14% above the prior year as a result of higher salaries and benefits and contractual services spend.

Finance Department: Through March, the Department’s expenditures totaled $14.8 million, or 68.4% of the budget, which is below par. This expenditure level is consistent when compared to the same period last year.

Fire Department: Through March, actual expenditures totaled $52.7 million, or 74.1% of the budget, which is at par. These expenditures are 2% above the spending level through the same period last fiscal year. Overtime expenditures are tracking at 161.2% of the budget, which is well above par. 10 City of Santa Clara
Financial Status Report as of March 31, 2026
Excluding reimbursable mutual aid-related overtime, the departmental overtime remains at approximately 155% of the budget. While this overtime figure is above par, it is important to note that overtime is used to backfill for vacant positions and the vacancy savings offset a portion of the overtime costs.

Through March, absences are up 14% (from 60,378 to 68,563 hours) when compared with the prior fiscal year and remain above historical levels. Absences are trending high in the areas of compensation time used, Family and Medical Leave Act (FMLA) leave, disability leave, and industrial injury time.

Employees can elect compensatory time over overtime pay when backfilling shift absences, which increases the need to backfill when the compensatory time is used. Through March, the compensatory time payouts total $1,624,047 which is above historical levels and 28% above the payouts of $1,341,144 experienced through March of last fiscal year. The Department will continue to monitor expenditures throughout the fiscal year, and any necessary budget adjustments will be brought forward for City Council consideration.

Library Department: Through March, actual expenditures totaled approximately $8.8 million, or 71.6% of the budget, which is slightly below par, but consistent with the prior year expenditure level.

Parks and Recreation Department: Through March, actual expenditures totaled $17.3 million, or

68.1% of the budget, which is below par, but 8.5% higher than prior year actuals of $15.9 million. This increase reflects higher spend in the salaries and benefits categories as well as operating supplies.

Police Department: Expenditures through March are tracking at $74.9 million, or 74.7% of the budget; this is approximately 10.8% higher than prior year spending levels. The increase is mainly due to higher spend in the salaries and benefits, particularly in the overtime category. There is also higher spend in the operating supplies, contractual services, and capital outlay categories. The Department will continue to monitor expenditures throughout the fiscal year and any necessary budget amendments will be brought forward for City Council consideration.

Stadium Operation: Stadium operating expenditures are incurred first and billed on a reimbursement basis creating a timing difference in revenue recognition. Stadium expenditures of $12.7 million through March are tracking at 61.6% of the budget; this expenditure level is 76.4% above the prior fiscal year due planning and deployment activities related to the Super Bowl LX and FIFA World Cup 2026. Events at the Stadium through March include two soccer matches, four concerts, two preseason and eight regular season NFL games; these costs are fully reimbursed by the Stadium Manager and the Stadium Authority. February events also include Super Bowl LX and the community event: Celebrate Santa Clara. The Bay Area Host Committee also provides reimbursement for expenses incurred related to Super Bowl LX and FIFA World Cup 2026 planning costs.
11 City of Santa Clara
Financial Status Report as of March 31, 2026
Special Revenue Funds
The table below is a summary of revenues and expenditures of select Special Revenue Funds as of March 31, 2026. The amended budget reflects carryover encumbrances from fiscal year 2024/25 and budget amendments approved by the City Council through March 2026.

Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 3/31/2026 Received 3/31/2025 Prior Year Change Building Development Services Fee
Fund
$ 16,736,000 $ 16,736,000 $ 14,946,735 89.31% 12,926,420 $ $ 2,020,315 15.63% City Affordable Housing Fund 1,253,326 502,171 483,446 96.27% 984,218 (500,772) -50.88% Fire CUPA Fund 2,019,000 2,138,200 1,919,764 89.78% 156,645 1,763,119 1125.55% Fire Development Services Fee
Fund
3,429,000 3,429,000 3,214,502 93.74% 3,056,681 157,821 5.16% Housing and Urban Development 5,427,794 5,561,800 994,181 17.88% 1,925,751 (931,570) -48.37% Housing Authority Fund 281,088 281,088 380,962 135.53% 39,856 341,106 855.85% Housing Successor Fund 1,302,573 1,302,573 361,650 27.76% 897,656 (536,006) -59.71% TOTAL $ 30,448,781 $ 29,950,832 $ 22,301,240 74.46% 19,987,227 $ $ 2,314,013 11.58% Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 3/31/2026 Used 3/31/2025 Prior Year Change Building Development Services Fee
Fund
$ 17,307,319 $ 18,707,334 $ 12,410,499 66.34% 11,925,428 $ $ 485,071 4.07% City Affordable Housing Fund 6,984,995 7,292,572 867,325 11.89% 646,587 220,738 34.14% Fire CUPA Fund 1,779,867 1,814,872 1,163,319 64.10% 56,945 1,106,374 1942.88% Fire Development Services Fee
Fund
3,904,315 3,926,714 2,646,002 67.38% 2,653,764 (7,762) -0.29% Housing and Urban Development 5,427,794 5,720,995 1,962,570 34.30% 1,963,097 (527) -0.03% Housing Authority Fund 459,878 501,371 125,040 24.94% 121,772 3,268 2.68% Housing Successor Fund 1,127,973 1,347,976 610,056 45.26% 474,181 135,875 28.65% TOTAL $ 36,992,141 $ 39,311,834 $ 19,784,811 50.33% 17,841,774 $ $ 1,943,037 10.89%

PRIOR YEAR EXPENDITURE COMPARISON

CITY OF SANTA CLARA

SPECIAL REVENUE FUNDS

REVENUE AND EXPENDITURES - OVERVIEW AND COMPARISON BY FUND REVENUE - FISCAL YEAR 2025/26 PRIOR YEAR REVENUE COMPARISON EXPENDITURES - FISCAL YEAR 2025/26
Through the end of March, revenues totaled $22.3 million, or 74.5% of the estimate, which is at par of 75%, while expenditures totaled approximately $19.8 million, or 50.3%. Revenues in both the Building and Fire Development Services Funds and the Fire CUPA Fund are tracking above par, while expenditures in these funds are tracking below par. In the Fire CUPA Fund, expenditures are tracking well above prior year levels as it was newly established in FY 2024/25. The Housing Authority Fund revenue is tracking above budget and significantly above prior year levels due to additional interest paid on a housing loan, while revenue in the City Affordable Housing Fund is tracking below prior year levels. This is a result of a correction in booking for interest accrued on housing impact fees, which is now recorded in the City Affordable Housing Capital Fund. Expenditures are tracking higher in this fund 12 City of Santa Clara
Financial Status Report as of March 31, 2026
when compared to prior years due to higher salaries and benefits and contractual services spend. In the Housing Successor Agency Fund, contractual services spend is higher than prior years, while interest collections on housing loans have come in lower than prior years.

Internal Service Funds
The table below displays the expenditures in the internal service funds across the City. The amended budget reflects current year appropriations, prior year carryover, and budget amendments approved through March 2026. As of March 31, 2026, the internal service fund expenditures totaled $33.7 million, or 49.8% of the amended budget. The expenditure fluctuations in the Vehicle Replacement Fund are due to the timing of vehicle purchases throughout the year. The significant decrease in spend in the Communication Acquisitions Fund is a result of the replacement of public safety radios that occurred last fiscal year. In the Information Technology Services Fund, higher spend is attributable to the contractual services and capital outlay categories. Expenditures are significantly lower in the Special Liability Insurance Fund when compared to last fiscal year due to high insurance claims expenses that were incurred in FY 2024/25.

Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 3/31/2026 Used 3/31/2025 Prior Year Change Communication Acquisitions Fund $ 1,064,336 $ 1,642,638 $ 476,389 29.00% 5,920,301 $ $ (5,443,912) -91.95% Fleet Maintenance and Operations
Fund
6,757,227 7,417,317 4,824,379 65.04% 4,382,110 442,269 10.09% Information Technology Services
Fund
18,755,875 23,478,149 11,933,050 50.83% 9,216,452 2,716,598 29.48% Public Works Capital Projects
Management Fund
4,991,087 5,863,020 3,575,995 60.99% 3,029,894 546,101 18.02% Special Liability Fund 9,152,000 9,209,062 5,360,010 58.20% 8,997,197 (3,637,187) -40.43% Unemployment Insurance Fund 100,000 100,000 117,288 117.29% 74,713 42,575 56.98% Vehicle Replacement Fund 3,994,000 11,014,019 1,939,957 17.61% 5,451,470 (3,511,513) -64.41% Workers' Compensation Fund 6,858,000 8,858,000 5,450,735 61.53% 4,678,146 772,589 16.51% TOTAL $ 51,672,525 $ 67,582,205 $ 33,677,803 49.83% 41,750,283 $ $ (8,072,480) -19.34%

CITY OF SANTA CLARA

INTERNAL SERVICE FUNDS

EXPENDITURES - OVERVIEW AND COMPARISON BY FUND
EXPENDITURES - FISCAL YEAR 2025/26 PRIOR YEAR EXPENDITURE COMPARISON 13 City of Santa Clara
Financial Status Report as of March 31, 2026
Governmental Capital Improvement Funds
The table below lists the revenue for selected capital improvement funds. The amended budget reflects current year appropriations, prior year carryover, and budget amendments approved through March 2026. As of March 31, 2026, the capital fund revenue totaled approximately $24.0 million. In the Parks and Recreation Capital Fund, $13.3 million represents MFA collections, $1.2 million represents Quimby Act fees received, with interest earnings accounting for the remaining collections. The revenue collected in the Related Santa Clara Fund represents developer contributions. The revenue shown in the Storm Drain Capital Fund is customer service charges. In the Tasman East Specific Infrastructure Fund, $2.0 million reflects impact fee collections, with interest earnings accounting for the remaining collections. The collections in the Streets and Highways Capital Fund are comprised of interest earnings, grant funding, fees, and VTA Measure B proceeds.

Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 3/31/2026 Received City Affordable Housing Capital Fund $ 211,155 $ - $ 211,155 $ 211,155 100.00% Parks & Recreation 23,494,971 - 23,494,971 16,391,174 69.76% Public Buildings 110,027 - 110,027 110,028 100.00%
Related Santa Clara Developer 932,667 290,000 1,222,667 235,000 19.22% Storm Drain 1,497,712 2,984,107 4,481,819 1,166,802 26.03% Streets & Highways 15,802,148 19,942,011 35,744,159 3,683,734 10.31% Tasman East Specific Infrastructure
Improvement Fund
217,682 3,517,250 3,734,932 2,166,789 58.01%
TOTAL $ 42,266,362 $ 26,733,368 $ 68,999,730 $ 23,964,682 34.73%

CITY OF SANTA CLARA

GOVERNMENTAL CAPITAL IMPROVEMENT FUNDS

REVENUE - OVERVIEW AND COMPARISON BY SELECTED FUND
REVENUE - FISCAL YEAR 2025/26
The table below lists the total amended budgeted amounts for expenditures in the Capital Improvement Funds. Similar to the revenue table, the amended expenditure budgets consist of current year appropriations, prior year carryover encumbrance balances in Governmental Capital Improvement Funds, and budget amendments approved through March 2026. As of March 31, 2026, capital fund expenditures totaled $34.0 million, or 10.1% of the amended budget. The table includes the Measure I General Obligation (GO) Bond funded projects. The current year budget reflects the first tranche of the GO bond proceeds, with approximately 2.6% spent. It is anticipated that the majority of these project appropriations will need to be carried over into FY 2026/27.

As part of the adoption of the FY 2025/26 and FY 2026/27 biennial operating budget, capital funds were carried over for projects that were not anticipated to be completed by June 30, 2025. Necessary 14 City of Santa Clara
Financial Status Report as of March 31, 2026
additional adjustments to the capital carryover amounts were included as part of the Budgetary YearEnd Report for FY 2024/25, which was approved by the City Council in December 2025.

Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 3/31/2026 Used City Affordable Housing Capital Fund $ 4,944,484 $ - $ 4,944,484 $ - 0.00% Fire 500,866 1,854,028 2,354,894 688,036 29.22%
General Gov't - Other 4,437,516 12,674,976 17,112,492 883,680 5.16% Library 24,642 653,161 677,803 16,353 2.41%
Measure I General Obligation Bond
Fund
96,634,500 - 96,634,500 2,514,867 2.60%
Parks & Recreation 11,437,074 40,887,990 52,325,064 1,450,617 2.77% Public Buildings 43,762,209 8,977,180 52,739,389 4,175,872 7.92% Related Santa Clara Developer 723,037 343,370 1,066,407 333,791 31.30% Storm Drain 911,490 8,707,187 9,618,677 893,310 9.29%
Streets & Highways 20,213,576 76,260,521 96,474,097 21,638,080 22.43% Tasman East Specific Infrastructure
Improvement Fund
1,434,465 2,828,615 4,263,080 1,442,703 33.84%
TOTAL $ 185,023,859 $ 153,187,028 $ 338,210,887 $ 34,037,309 10.06% EXPENDITURES - FISCAL YEAR 2025/26

CITY OF SANTA CLARA

SUMMARY OF EXPENDITURES

GOVERNMENTAL CAPITAL IMPROVEMENT FUNDS
15 City of Santa Clara
Financial Status Report as of March 31, 2026
Enterprise Funds
The table below is a summary of revenues and expenses for the Enterprise Operating Funds as of March 31, 2026. Overall, revenues and expenditures are tracking below budgeted levels. Compared to prior year levels, revenues are tracking lower, whereas expenditures are tracking higher.

Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 3/31/2026 Received 3/31/2025 Prior Year Change Cemetery Fund $ 600,000 $ 600,000 $ 467,505 77.92% 455,330 $ $ 12,175 2.67% Electric Utility Fund 1,128,195,241 1,128,195,241 633,382,073 56.14% 701,169,865 (67,787,792) -9.67% Sewer Utility Fund 52,407,375 52,425,510 42,057,854 80.22% 42,317,429 (259,575) -0.61% Solid Waste Utility Fund 42,287,613 42,287,613 30,436,656 71.98% 28,666,956 1,769,700 6.17% Water Recycling Fund 9,651,409 9,651,409 6,419,222 66.51% 8,210,962 (1,791,740) -21.82% Water Utility Fund 76,402,644 76,415,821 50,508,475 66.10% 46,743,592 3,764,883 8.05% TOTAL REVENUE $ 1,309,544,282 $ 1,309,575,594 $ 763,271,785 58.28% 827,564,134 $ $ (64,292,349) -7.77% Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 3/31/2026 Used 3/31/2025 Prior Year Change Cemetery Fund $ 1,757,102 $ 1,774,177 $ 808,860 45.59% 829,115 $ $ (20,255) -2.44% Electric Utility Fund 712,617,141 723,337,626 488,675,238 67.56% 421,068,770 67,606,468 16.06% Sewer Utility Fund 43,738,253 44,110,349 33,984,324 77.04% 29,910,361 4,073,963 13.62% Solid Waste Utility Fund 42,061,065 46,374,375 28,628,040 61.73% 27,748,121 879,919 3.17% Water Recycling Fund 10,890,055 14,745,574 8,325,843 56.46% 8,005,512 320,331 4.00% Water Utility Fund 66,793,248 68,017,282 44,291,352 65.12% 42,570,513 1,720,839 4.04% TOTAL - Operating
Appropriations
$ 877,856,864 $ 898,359,383 $ 604,713,657 67.31% 530,132,392 $ $ 74,581,265 14.07% EXPENDITURES - FISCAL YEAR 2025/26 PRIOR YEAR EXPENSE COMPARISON

CITY OF SANTA CLARA

ENTERPRISE OPERATING FUNDS

REVENUE AND EXPENSES - OVERVIEW AND COMPARISON BY FUND
REVENUE - FISCAL YEAR 2025/26 PRIOR YEAR REVENUE COMPARISON Revenues in the electric (which also includes the Electric Debt Service Fund), water, sewer (which also includes the Sewer Debt Service Fund) and water recycling funds are primarily from customer service charges. The activity levels for these customer service charges also impact the resource and production costs on the expenditure side for these funds. In the Electric Utility Fund, the significant decrease in revenue from the prior year is attributable to bond proceeds received last fiscal year.

Expenditures in this fund are expected to end the year above budget due to higher power purchase and production costs, which are driven by a higher load. It is anticipated that higher revenues will offset these higher costs. While not included in this report, budget actions for the Electric Utility Fund are expected to be brought forward before the end of FY 2025/26. Revenue in the Water Recycling Fund is lower than prior year levels due to a reimbursement received last fiscal year. Expenditures in the Sewer Utility Fund are tracking higher than prior year levels due to higher operations and maintenance 16 City of Santa Clara
Financial Status Report as of March 31, 2026
payments made for the Regional Wastewater Facility (RWF). Staff will continue to monitor this fund and bring forward budget actions if necessary.

A summary of revenue and expenses in the Enterprise Capital Improvement Funds is detailed in the tables below. Actual revenue through March 31, 2026, totaled $26.1 million, consisting primarily of developer contributions in the Electric Utility Fund and sewer fees in the Sewer Utility Fund. In the Sewer Utility Fund, a reimbursement related to the RWF from the City of San Jose is also reflected.

Enterprise capital fund expenses totaled $89.3 million, or 10.0% of the amended budget. Similar to the general government capital funds, capital funds were carried over from FY 2024/25 as part of the FY 2025/26 and FY 2026/27 budget adoption process for those projects that were not expected to be completed by June 30, 2025. Additional necessary adjustments to the capital carryover amounts based on actual year-end expenditures were included in the Budgetary Year-End Report for FY 2024/25, which was approved by the City Council in December 2025. These actions are reflected in the table below.
17 City of Santa Clara
Financial Status Report as of March 31, 2026
Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 3/31/2026 Received Electric Utility Fund $ 40,097,043 $ 13,091,676 $ 53,188,719 $ 19,661,683 36.97% Sewer Utility Fund - - - 6,339,203 N/A
Solid Waste Utility Fund 260,653 243,847 504,500 6,606 1.31% Street Lighting (1) - - - 11,695 N/A
Water Utility Fund - - - 39,760 N/A
TOTAL - Revenue $ 40,357,696 $ 13,335,523 $ 53,693,219 $ 26,058,947 48.53% Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 3/31/2026 Used Cemetery Fund $ 10 $ 270,479 $ 270,489 $ - 0.00%
Convention Center Capital
Fund
1,590,412 2,556,629 4,147,041 24,375 0.59%
Electric Utility Fund 385,819,281 378,643,486 764,462,767 69,973,344 9.15% Sewer Utility Fund 47,606,403 37,208,230 84,814,633 6,369,967 7.51% Solid Waste Utility Fund 821,876 141,354 963,230 625,801 64.97% Street Lighting (1) 5,837,301 12,872,569 18,709,870 8,135,220 43.48% Water Recycling Fund 50,000 - 50,000 2,312 4.62%
Water Utility Fund 15,033,219 6,891,151 21,924,370 4,140,774 18.89%

TOTAL - CIP
Appropriations
$ 456,758,502 $ 438,583,898 $ 895,342,400 $ 89,271,793 9.97%

CITY OF SANTA CLARA

ENTERPRISE CAPITAL IMPROVEMENT FUNDS

SUMMARY OF EXPENDITURES
EXPENSES - FISCAL YEAR 2025/26

CITY OF SANTA CLARA

ENTERPRISE CAPITAL IMPROVEMENT FUNDS

REVENUE - OVERVIEW AND COMPARISON BY SELECTED FUND
REVENUE - FISCAL YEAR 2025/26
(1) Street Lighting fund is part of Electric Capital Improvement Funds 18 City of Santa Clara
Financial Status Report as of March 31, 2026
Fund Reserves
By policy, City Council established the City’s General Contingency Reserve, under which reserves for Budget Stabilization and Capital Projects were established. • Budget Stabilization Reserve is set aside for weathering economic downturns, emergency financial crisis, or disaster situations. The reserve target is equal to the expenditures of the City’s General Fund operations for three months (90-day or 25% General Fund Adopted Operating Budget).
• Capital Projects Reserve earmarks funds for the Capital Improvement Program.

Other General Reserves and Enterprise Fund Reserves included in this report are highlighted as follows:
• Technology Fee Reserve is set aside to update and/or replace the City’s aging technology and to ensure internal controls are in compliance with current business standards and legal requirements.
• Land Sale Reserve is net proceeds from the sale of City-owned land, with interest earned on these funds available to be appropriated for General Fund operating expenditures. This reserve is available for appropriation by City Council action.
• The Electric Utility Rate Stabilization Reserve and Operations and Maintenance Reserve ensure sufficient operating cash is available to cover day-to-day expenses, address unforeseen cost increases or revenue shortfalls, and ensure debt service coverage. • The Replacement and Improvement Reserve in the Water and Sewer Utility Funds is for future capital improvement.

The table below summarizes select reserve balances.
19 City of Santa Clara
Financial Status Report as of March 31, 2026
DETAIL OF SELECTED FUND RESERVE BALANCES:

GENERAL

FUND ELECTRIC WATER
Budget Stabilization Reserve $ 81,450,116
Capital Projects Reserve 21,383,432
Land Sale Reserve 18,561,159
Technology Fee Reserve 2,827,685
Electric Rate Stabilization Fund Reserve $ 78,000,000
Electric Operations and Maintenance Reserve 377,000,000 Replacement & Improvement $ 303,090
TOTALS $ 124,222,392 $ 455,000,000 $ 303,090

CITY OF SANTA CLARA

RESERVE BALANCES
March 31, 2026
Donations to the City of Santa Clara
Donations received by department during the month of March 2026 and for fiscal year 2025/26 are shown in the table below.

Department Mar-26
Fiscal Year
2025/26
Year To Date Designated Use
City Manager's Office - 150 Help Your Neighbor
Parks & Recreation - 24,170 Case Management
Parks & Recreation 629 3,328 Roberta Jones Jr. Theatre
Parks & Recreation - 19,775 Wade Brummal
TOTALS $ 629 $ 47,423
_____________________________________________________________________

MONTHLY INVESTMENT REPORT
March 2026
City of
Santa Clara
The Center of What's Possible
City of Santa Clara
Monthly Investment Report

TABLE OF CONTENTS
Page #
1 Summary of Investment Portfolio 1
2 Summary of Investments 5
3 Investment Maturity Distribution Schedule 6
4 Attachment A: Investment Inventory With Market Value 7 5 Attachment B: Statement of Transactions 12
1 CITY OF SANTA CLARA

SUMMARY OF INVESTMENT PORTFOLIO
All securities held by the City of Santa Clara as of March 31, 2026 were in compliance with the City's Investment Policy Statement regarding current market strategy and long-term goals and objectives. All securities held are rated A or higher by two nationally recognized rating agencies. There is adequate cash flow and maturity of investments to meet the City’s needs for the next six months.

The following table provides the breakdown of the total portfolio among the City, the Sports and Open Space Authority (SOSA), and the Housing Authority (HA) as of March 31, 2026.

On March 31, 2026 the cost value and market value of the City's unrestricted pooled investment portfolio were $1,631,154,617 and $1,631,220,097 respectively.

Investment Strategy and Market Update
Geopolitics dominated markets in March amid the escalating Middle East conflict and near-closure of the Strait of Hormuz, a critical energy chokepoint which handles roughly 20% of global seaborne oil trade. Brent crude ended March at $118 per barrel, up more than 60% for the month. Volatility also spiked across energy, fixed-income, and global equity markets.

The initial market reaction focused on the potential inflationary impact of higher energy prices while still too early to assess the full economic impact, sustained energy cost pressures could weigh on consumer sentiment and discretionary spending if the conflict persists.
.

The labor market showed renewed resilience in March with payrolls rebounding after contracting in February. Other labor indicators such as initial jobless claims held near historically low levels and continuing claims declined. The unemployment rate edged down to

4.3%, reinforcing the persistence of a "low-hire, low-fire" environment. However, elevated energy prices pose potential risks to hiring momentum ahead.

U.S. Treasury yields increased and the yield curve steepened as investors repriced their Fed policy outlook driven by geopolitical turmoil and renewed inflation concerns. The yield on 3-month, 2-year, and 10-year U.S. Treasuries ended the month at 3.67%,

3.79%, and 4.32%, representing increases of +2 bps, +42 bps, and +38 bps, respectively.

Longer duration bond indices bore the brunt of rising yields as higher rates pressured market values. The ICE BofA 3-month, 2-year, and 10-year U.S. Treasury indices returned +0.29%, -0.49%, and -2.52%, respectively.

COST VALUE PERCENTAGE
City $1,629,777,192 99.92%
SOSA 10,103 0.00%
HA 1,367,322 0.08%
Unrestricted $1,631,154,617 100.00%
Restricted Bond Proceeds 2,493,732
Total Investments $1,633,648,349
2 The City's investment strategy for March 2026 was to invest funds not required to meet current obligations, in securities listed in the prevailing Investment Policy Statement, with maturities not to exceed five years from date of purchase. This strategy ensures safety of the City’s funds, provides liquidity to meet the City’s cash needs, and earns a reasonable portfolio return. PFM Asset Management LLC began actively managing the City’s securities portfolio on September 1, 2020.

As of March 31, 2026, 42.52% of the City’s portfolio consists of U.S. Treasury Notes, 19.43% consists of California Asset Management Program (CAMP), 17.56% consists of investment grade Corporate Notes, 9.24% consists of investment grade Mortgage-Backed Securities, 6.95% consists of investment grade Asset-Back Securities, 3.45% consists of Local Agency Investment Fund (LAIF), and 0.46% consists of Negotiable Certificates of Deposit. In addition, City bond proceeds are invested in separate funds and are not included in the calculation of the City’s portfolio yield.

U.S. Treasury Notes

42.52%
Corporate Notes

17.56%
Asset-Backed Securities

6.95%
Negotiable Certificates of
Deposit

0.46%
Mortgage-Backed Securities

9.24%
Money Market Fund

0.24%
Local Agency
Investment Fund (LAIF)

3.45%
California Asset
Management Program
(CAMP)

19.43%
Mutual Fund - Traffic Mitigation
Bond Proceeds

0.15%
3 The City’s securities portfolio is benchmarked against the ICE BAML 1-5 US Treasury Index.

4.15%

3.97%

4.09%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%
Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Securities Portfolio Yield at Cost vs Index 24-Month Average of Yield at Market Securities Portfolio (yield at cost)
City's Benchmark Index (24-month rolling average market yield) BofA 1-5 AAA-A Corp & Gov't Index (24-month rolling average market yield)

T T T T T T T T T
4 The following table summarizes the investment yields other information of the City’s investment portfolio components, along with comparable-maturity market indices. Also shown are the monthly interest income and aggregate year-to-date income.

Current Month
3/31/2026
Investment Yield
Liquidity Portfolio1

3.77%
LAIF average monthly yield 3.83%
Securities Portfolio2

4.15%
ICE BAML 1-5 US Treasury Index (24-month rolling average market yield) 3.97% ICE BAML 1-5 AAA-A US Corporate & Government Index (24-month rolling average market yield) 4.09%
City Portfolio (Liquidity + Securities) 4.07%
Investment Total Return*
Securities Portfolio -0.72%
ICE BAML 1-5 US Treasury Index -0.75%
ICE BAML 1-5 AAA-A US Corporate & Government Index -0.78% Average Maturity of Investments (in years)
Liquidity Portfolio1

0.09 Securities Portfolio2

3.19 City Portfolio (Liquidity + Securities) 2.45
ICE BAML 1-5 US Treasury Index 2.71
ICE BAML 1-5 AAA-A US Corporate & Government Index 2.78 Cash Interest Income Current Month3
$ 6,224,341
Cash Interest Income Fiscal Year-To-Date3
$ 44,809,285

1. Consists of CAMP Pool, LAIF, Dreyfus Traffic Mitigation Fund, & Principal Sweep Account

2. Core long term portfolio managed by PFM Asset Management

3. Cash basis
* Total rate of return including earnings, distributions, and capital appreciation/depreciation of all portfolio assets 5 CITY OF SANTA CLARA
SUMMARY OF INVESTMENTS MARCH 31, 2026
PER
COST % OF INVESTMENT

INVESTMENT TYPE VALUE PORTFOLIO POLICY
U.S. Treasury Notes 694,586,802 42.52% No Limit
Corporate Notes 286,875,208 17.56% 25%(1)
Asset-Backed Securities 113,515,990 6.95% 15%(1)
Negotiable Certificates of Deposit 7,500,000 0.46% 30%
Mortgage-Backed Securities 150,969,557 9.24% 15%
Money Market Fund 3,940,427 0.24% 10% Per Fund
Local Agency Investment Fund (LAIF) 56,414,735 3.45% $75 M California Asset Management Program (CAMP) 317,351,898 19.43% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,493,732 0.15% 10% Per Fund TOTAL INVESTMENTS $ 1,633,648,349 100.00%

(1) Combined Maximum Holdings cannot exceed 35% of portfolio dollars 6 INVESTMENT MATURITY DISTRIBUTION
AS OF MARCH 31, 2026

UNRESTRICTED POOLED PORTFOLIO

MATURITY NUMBER OF
(IN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION
DEMAND (a) $ 317,707,061 (a) 3 19.48%
0 TO 6 67,500,000 6 4.14%
7 TO 12 19,626,647 4 1.20%
13 TO 18 107,282,410 13 6.58%
19 TO 24 165,573,698 20 10.15%
25 TO 30 132,582,325 22 8.13%
31 TO 36 139,687,644 28 8.56%
37 TO 42 168,015,658 24 10.29%
43 TO 48 147,911,745 28 9.07%
49 TO 54 154,413,454 25 9.47%
55 TO 60 160,973,583 20 9.87%
60+ 49,880,392 1 3.06%
TOTAL
$ 1,631,154,617 194 100.00%
Average Maturity of Unrestricted Pool: 2.45 Years
(a) $20 million is earmarked for the City's Electric Utility power-trading. 0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
22%
24%

INVESTMENT MATURITY DISTRIBUTION

UNRESTRICTED POOLED PORTFOLIO
AS OF MARCH 31, 2026
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City of Santa Clara Monthly Report
3/31/2026
Sector Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L U.S. Treasury UNITED STATES TREASURY 5/15/2024 4.500% 5/15/2027 91282CKR1 15,280,000.00 AA+ 12/18/2024 15,373,112.50 4.23% 15,392,155.20 19,042.70 U.S. Treasury UNITED STATES TREASURY 5/15/2024 4.500% 5/15/2027 91282CKR1 2,200,000.00 AA+ 9/17/2024 2,257,492.19 3.46% 2,216,148.00 -41,344.19 U.S. Treasury UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 27,665,000.00 AA+ 9/27/2024 28,426,868.16 3.55% 27,924,497.70 -502,370.46 U.S. Treasury UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 10,000,000.00 AA+ 10/16/2024 10,188,671.88 3.87% 10,093,800.00 -94,871.88 U.S. Treasury UNITED STATES TREASURY 6/17/2024 4.625% 6/15/2027 91282CKV2 5,020,000.00 AA+ 10/22/2024 5,102,947.66 3.96% 5,067,087.60 -35,860.06 U.S. Treasury UNITED STATES TREASURY 8/15/1997 6.375% 8/15/2027 912810FA1 9,390,000.00 AA+ 10/5/2023 9,913,052.34 4.78% 9,712,077.00 -200,975.34 U.S. Treasury UNITED STATES TREASURY 8/15/2017 2.250% 8/15/2027 9128282R0 4,540,000.00 AA+ 9/6/2022 4,304,310.16 3.40% 4,444,251.40 139,941.24 U.S. Treasury UNITED STATES TREASURY 9/30/2022 4.125% 9/30/2027 91282CFM8 7,495,000.00 AA+ 10/11/2024 7,546,528.13 3.88% 7,525,729.50 -20,798.63 U.S. Treasury UNITED STATES TREASURY 9/30/2022 4.125% 9/30/2027 91282CFM8 3,785,000.00 AA+ 11/3/2022 3,760,308.79 4.27% 3,800,518.50 40,209.71 U.S. Treasury UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 42,865,000.00 AA+ 3/6/2025 43,036,439.69 4.02% 43,042,461.10 6,021.41 U.S. Treasury UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 16,115,000.00 AA+ 9/17/2024 16,442,335.94 3.43% 16,181,716.10 -260,619.84 U.S. Treasury UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 18,960,000.00 AA+ 10/11/2024 19,088,128.13 3.89% 19,038,494.40 -49,633.73 U.S. Treasury UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 4,255,000.00 AA+ 12/13/2022 4,309,517.19 3.83% 4,272,615.70 -36,901.49 U.S. Treasury UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 4,750,000.00 AA+ 1/31/2023 4,833,310.55 3.72% 4,769,665.00 -63,645.55 U.S. Treasury UNITED STATES TREASURY 11/17/1997 6.125% 11/15/2027 912810FB9 3,100,000.00 AA+ 7/24/2024 3,288,058.59 4.14% 3,212,747.00 -75,311.59 U.S. Treasury UNITED STATES TREASURY 11/30/2022 3.875% 11/30/2027 91282CFZ9 7,130,000.00 AA+ 9/5/2024 7,182,917.97 3.63% 7,134,206.70 -48,711.27 U.S. Treasury UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 7,325,000.00 AA+ 2/8/2023 7,335,270.52 3.85% 7,330,127.50 -5,143.02 U.S. Treasury UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 4,850,000.00 AA+ 2/2/2023 4,906,078.13 3.62% 4,853,395.00 -52,683.13 U.S. Treasury UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 5,475,000.00 AA+ 1/31/2023 5,518,415.04 3.70% 5,478,832.50 -39,582.54 U.S. Treasury UNITED STATES TREASURY 1/3/2023 3.875% 12/31/2027 91282CGC9 7,175,000.00 AA+ 9/27/2024 7,247,030.27 3.54% 7,180,022.50 -67,007.77 U.S. Treasury UNITED STATES TREASURY 1/31/2023 3.500% 1/31/2028 91282CGH8 855,000.00 AA+ 5/16/2023 855,400.78 3.49% 850,126.50 -5,274.28 U.S. Treasury UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 8,080,000.00 AA+ 1/26/2024 8,002,541.98 4.05% 8,106,502.40 103,960.42 U.S. Treasury UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 2,450,000.00 AA+ 3/7/2023 2,422,820.31 4.25% 2,458,036.00 35,215.69 U.S. Treasury UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 5,215,000.00 AA+ 10/11/2024 5,230,685.74 3.90% 5,232,105.20 1,419.46 U.S. Treasury UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 7,360,000.00 AA+ 5/16/2023 7,532,500.00 3.46% 7,384,140.80 -148,359.20 U.S. Treasury UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 2,680,000.00 AA+ 5/4/2023 2,691,241.91 3.42% 2,670,271.60 -20,970.31 U.S. Treasury UNITED STATES TREASURY 5/1/2023 3.500% 4/30/2028 91282CHA2 5,075,000.00 AA+ 5/2/2023 5,042,488.28 3.64% 5,042,875.25 386.97 U.S. Treasury UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 11,735,000.00 AA+ 6/5/2023 11,695,577.73 3.70% 11,688,764.10 -6,813.63 U.S. Treasury UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 10,115,000.00 AA+ 3/3/2025 10,002,391.60 3.99% 10,075,146.90 72,755.30 U.S. Treasury UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 8,285,000.00 AA+ 1/26/2024 8,149,074.22 4.04% 8,252,357.10 103,282.88 U.S. Treasury UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 6,025,000.00 AA+ 7/10/2023 5,934,570.68 4.36% 6,050,184.50 115,613.82 U.S. Treasury UNITED STATES TREASURY 7/31/2023 4.125% 7/31/2028 91282CHQ7 4,950,000.00 AA+ 8/2/2023 4,921,962.89 4.25% 4,984,056.00 62,093.11 U.S. Treasury UNITED STATES TREASURY 8/31/2023 4.375% 8/31/2028 91282CHX2 2,900,000.00 AA+ 1/26/2024 2,936,527.61 4.03% 2,936,250.00 -277.61 U.S. Treasury UNITED STATES TREASURY 10/31/2023 4.875% 10/31/2028 91282CJF9 5,900,000.00 AA+ 1/4/2024 6,140,839.84 3.94% 6,050,509.00 -90,330.84 U.S. Treasury UNITED STATES TREASURY 10/31/2023 4.875% 10/31/2028 91282CJF9 5,160,000.00 AA+ 1/8/2024 5,355,717.19 4.00% 5,291,631.60 -64,085.59 U.S. Treasury UNITED STATES TREASURY 11/16/1998 5.250% 11/15/2028 912810FF0 11,160,000.00 AA+ 9/17/2024 11,969,100.00 3.37% 11,552,832.00 -416,268.00 U.S. Treasury UNITED STATES TREASURY 11/15/2018 3.125% 11/15/2028 9128285M8 1,460,000.00 AA+ 1/22/2026 1,440,039.06 3.64% 1,434,566.80 -5,472.26 U.S. Treasury UNITED STATES TREASURY 11/30/2023 4.375% 11/30/2028 91282CJN2 8,025,000.00 AA+ 1/26/2024 8,150,704.10 4.01% 8,135,985.75 -14,718.35 U.S. Treasury UNITED STATES TREASURY 1/2/2024 3.750% 12/31/2028 91282CJR3 14,470,000.00 AA+ 1/19/2024 14,314,571.22 4.02% 14,441,204.70 126,633.48 U.S. Treasury UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW2 5,030,000.00 AA+ 2/14/2024 4,947,694.34 4.28% 5,052,785.90 105,091.56 U.S. Treasury UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW2 1,450,000.00 AA+ 2/13/2024 1,442,693.36 4.11% 1,456,568.50 13,875.14 U.S. Treasury UNITED STATES TREASURY 1/31/2024 4.000% 1/31/2029 91282CJW2 4,735,000.00 AA+ 9/5/2024 4,814,348.24 3.58% 4,756,449.55 -57,898.69 U.S. Treasury UNITED STATES TREASURY 2/16/1999 5.250% 2/15/2029 912810FG8 8,610,000.00 AA+ 7/24/2024 9,040,500.00 4.04% 8,958,102.30 -82,397.70 U.S. Treasury UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2029 91282CKD2 4,375,000.00 AA+ 9/27/2024 4,498,046.88 3.56% 4,425,225.00 -72,821.88 U.S. Treasury UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2029 91282CKD2 2,850,000.00 AA+ 3/7/2024 2,867,923.83 4.11% 2,882,718.00 14,794.17 U.S. Treasury UNITED STATES TREASURY 4/1/2024 4.125% 3/31/2029 91282CKG5 10,050,000.00 AA+ 4/11/2024 9,938,900.39 4.37% 10,133,616.00 194,715.61 U.S. Treasury UNITED STATES TREASURY 4/30/2024 4.625% 4/30/2029 91282CKP5 16,425,000.00 AA+ 4/30/2024 16,412,167.97 4.64% 16,797,190.50 385,022.53 U.S. Treasury UNITED STATES TREASURY 4/30/2024 4.625% 4/30/2029 91282CKP5 5,625,000.00 AA+ 8/2/2024 5,809,570.31 3.86% 5,752,462.50 -57,107.81 U.S. Treasury UNITED STATES TREASURY 5/31/2024 4.500% 5/31/2029 91282CKT7 4,950,000.00 AA+ 6/7/2024 4,993,892.58 4.30% 5,045,931.00 52,038.42 U.S. Treasury UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX8 24,360,000.00 AA+ 9/5/2024 25,072,406.07 3.58% 24,654,999.60 -417,406.47 U.S. Treasury UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX8 1,100,000.00 AA+ 8/15/2024 1,128,316.41 3.67% 1,113,321.00 -14,995.41 U.S. Treasury UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX8 16,955,000.00 AA+ 7/3/2024 16,858,965.82 4.38% 17,160,325.05 301,359.23 U.S. Treasury UNITED STATES TREASURY 7/1/2024 4.250% 6/30/2029 91282CKX8 7,590,000.00 AA+ 7/3/2024 7,538,411.72 4.40% 7,681,914.90 143,503.18 U.S. Treasury UNITED STATES TREASURY 7/31/2024 4.000% 7/31/2029 91282CLC3 9,575,000.00 AA+ 9/17/2024 9,819,237.30 3.43% 9,617,608.75 -201,628.55 U.S. Treasury UNITED STATES TREASURY 8/31/2022 3.125% 8/31/2029 91282CFJ5 10,650,000.00 AA+ 9/27/2024 10,429,095.70 3.59% 10,399,192.50 -29,903.20 U.S. Treasury UNITED STATES TREASURY 9/3/2024 3.625% 8/31/2029 91282CLK5 12,700,000.00 AA+ 9/5/2024 12,736,214.84 3.56% 12,602,718.00 -133,496.84 U.S. Treasury UNITED STATES TREASURY 9/3/2024 3.625% 8/31/2029 91282CLK5 1,870,000.00 AA+ 9/3/2024 1,864,156.25 3.69% 1,855,675.80 -8,480.45 U.S. Treasury UNITED STATES TREASURY 9/30/2024 3.500% 9/30/2029 91282CLN9 5,575,000.00 AA+ 10/10/2024 5,481,792.97 3.87% 5,507,932.75 26,139.78 4/14/2026 10:50 AM 1 of 5
City of Santa Clara Monthly Report
3/31/2026
Sector Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L U.S. Treasury UNITED STATES TREASURY 9/30/2024 3.500% 9/30/2029 91282CLN9 5,185,000.00 AA+ 10/8/2024 5,101,756.45 3.86% 5,122,624.45 20,868.00 U.S. Treasury UNITED STATES TREASURY 10/31/2024 4.125% 10/31/2029 91282CLR0 3,175,000.00 AA+ 10/31/2024 3,172,395.51 4.14% 3,201,035.00 28,639.49 U.S. Treasury UNITED STATES TREASURY 10/31/2024 4.125% 10/31/2029 91282CLR0 1,140,000.00 AA+ 11/15/2024 1,131,539.06 4.29% 1,149,348.00 17,808.94 U.S. Treasury UNITED STATES TREASURY 12/2/2024 4.125% 11/30/2029 91282CMA6 5,200,000.00 AA+ 12/13/2024 5,202,893.00 4.22% 5,243,056.00 40,163.00 U.S. Treasury UNITED STATES TREASURY 12/2/2024 4.125% 11/30/2029 91282CMA6 2,700,000.00 AA+ 12/31/2024 2,672,472.66 4.36% 2,722,356.00 49,883.34 U.S. Treasury UNITED STATES TREASURY 12/2/2024 4.125% 11/30/2029 91282CMA6 4,950,000.00 AA+ 12/6/2024 4,958,894.53 4.08% 4,990,986.00 32,091.47 U.S. Treasury UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 5,100,000.00 AA+ 2/5/2025 5,081,200.85 4.33% 5,164,566.00 83,365.15 U.S. Treasury UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 10,000.00 AA+ 1/31/2025 9,970.70 4.32% 10,126.60 155.90 U.S. Treasury UNITED STATES TREASURY 1/31/2025 4.250% 1/31/2030 91282CMG3 1,115,000.00 AA+ 2/6/2025 1,115,261.33 4.24% 1,129,115.90 13,854.57 U.S. Treasury UNITED STATES TREASURY 2/28/2023 4.000% 2/28/2030 91282CGQ8 6,085,000.00 AA+ 3/6/2025 6,054,099.61 4.11% 6,108,062.15 53,962.54 U.S. Treasury UNITED STATES TREASURY 4/30/2025 3.875% 4/30/2030 91282CMZ1 5,190,000.00 AA+ 3/20/2026 5,194,460.16 3.85% 5,184,342.90 -10,117.26 U.S. Treasury UNITED STATES TREASURY 4/30/2025 3.875% 4/30/2030 91282CMZ1 4,135,000.00 AA+ 3/20/2026 4,136,938.28 3.86% 4,130,492.85 -6,445.43 U.S. Treasury UNITED STATES TREASURY 5/31/2023 3.750% 5/31/2030 91282CHF1 3,945,000.00 AA+ 6/5/2025 3,900,310.55 4.00% 3,920,974.95 20,664.40 U.S. Treasury UNITED STATES TREASURY 7/31/2025 3.875% 7/31/2030 91282CNN7 5,325,000.00 AA+ 8/28/2025 5,362,441.41 3.72% 5,316,054.00 -46,387.41 U.S. Treasury UNITED STATES TREASURY 7/31/2025 3.875% 7/31/2030 91282CNN7 4,250,000.00 AA+ 8/20/2025 4,260,458.98 3.82% 4,242,860.00 -17,598.98 U.S. Treasury UNITED STATES TREASURY 9/2/2025 3.625% 8/31/2030 91282CNX5 20,815,000.00 AA+ 9/3/2025 20,696,509.15 3.74% 20,559,599.95 -136,909.20 U.S. Treasury UNITED STATES TREASURY 9/2/2025 3.625% 8/31/2030 91282CNX5 3,610,000.00 AA+ 9/11/2025 3,616,909.77 3.58% 3,565,705.30 -51,204.47 U.S. Treasury UNITED STATES TREASURY 9/30/2025 3.625% 9/30/2030 91282CPA3 6,050,000.00 AA+ 10/31/2025 6,029,047.54 3.71% 5,974,617.00 -54,430.54 U.S. Treasury UNITED STATES TREASURY 9/30/2025 3.625% 9/30/2030 91282CPA3 1,500,000.00 AA+ 10/2/2025 1,495,781.25 3.69% 1,481,310.00 -14,471.25 U.S. Treasury UNITED STATES TREASURY 10/31/2023 4.875% 10/31/2030 91282CJG7 7,250,000.00 AA+ 11/20/2025 7,631,474.61 3.70% 7,532,387.50 -99,087.11 U.S. Treasury UNITED STATES TREASURY 12/1/2025 3.500% 11/30/2030 91282CPN5 10,000,000.00 AA+ 12/5/2025 9,942,968.75 3.63% 9,816,000.00 -126,968.75 U.S. Treasury UNITED STATES TREASURY 12/31/2025 3.625% 12/31/2030 91282CPR6 6,770,000.00 AA+ 1/5/2026 6,740,971.15 3.73% 6,677,995.70 -62,975.45 U.S. Treasury UNITED STATES TREASURY 12/31/2025 3.625% 12/31/2030 91282CPR6 155,000.00 AA+ 12/31/2025 154,467.19 3.70% 152,893.55 -1,573.64 U.S. Treasury UNITED STATES TREASURY 2/2/2026 3.750% 1/31/2031 91282CPW5 6,925,000.00 AA+ 2/5/2026 6,900,654.30 3.83% 6,865,999.00 -34,655.30 U.S. Treasury UNITED STATES TREASURY 2/29/2024 4.250% 2/28/2031 91282CKC4 14,100,000.00 AA+ 3/5/2026 14,459,660.16 3.69% 14,282,877.00 -176,783.16 U.S. Treasury UNITED STATES TREASURY 3/2/2026 3.500% 2/28/2031 91282CQD6 21,450,000.00 AA+ 3/16/2026 21,138,989.33 3.87% 21,034,513.50 -104,475.83 U.S. Treasury UNITED STATES TREASURY 12/1/2025 3.750% 11/30/2032 91282CPM7 50,430,000.00 AA+ 12/23/2025 49,880,391.80 3.93% 49,356,345.30 -524,046.50 U.S. Treasury Bond / Note Subtotal 690,310,000.00 694,586,802.03 692,099,076.80 -2,487,725.23 Federal Agency Commercial
Mortgage-Backed Security FANNIE MAE-ACES 7/1/2023 4.184% 7/1/2028 3136BQDE6 8,019,436.31 AA+ 11/30/2023 7,708,369.69 5.14% 8,012,058.47 303,688.78 Federal Agency Commercial
Mortgage-Backed Security FANNIE MAE-ACES 7/1/2023 4.184% 7/1/2028 3136BQDE6 6,965,453.29 AA+ 7/31/2023 6,847,367.09 4.58% 6,959,045.04 111,677.95 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 1/1/2017 3.347% 11/1/2026 3137BTUM1 5,051,361.73 AA+ 5/24/2023 4,895,874.52 4.29% 5,024,336.94 128,462.42 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 5/1/2017 3.224% 3/1/2027 3137BXQY1 8,000,000.00 AA+ 8/18/2023 7,546,250.00 4.94% 7,940,960.00 394,710.00 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2017 3.243% 4/1/2027 3137F1G44 4,545,000.00 AA+ 8/18/2023 4,285,260.35 4.93% 4,508,230.95 222,970.60 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 8/1/2017 3.117% 6/1/2027 3137F2LJ3 6,456,213.45 AA+ 8/22/2023 6,037,568.36 4.97% 6,391,070.26 353,501.90 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.819% 6/1/2028 3137HACX2 7,500,000.00 AA+ 7/20/2023 7,574,910.00 4.59% 7,583,775.00 8,865.00 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2023 4.777% 6/1/2028 3137HAD45 5,947,228.12 AA+ 7/27/2023 5,947,079.46 4.78% 5,981,543.63 34,464.17 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 10/1/2023 4.740% 8/1/2028 3137HAQ74 5,750,000.00 AA+ 10/19/2023 5,623,868.00 5.25% 5,811,812.50 187,944.50 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 2/1/2025 4.850% 1/1/2030 3137HJZY6 9,019,000.00 AA+ 2/27/2025 9,076,532.20 4.70% 9,206,595.20 130,063.00 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 4/1/2025 4.478% 1/1/2030 3137HKQC1 10,570,000.00 AA+ 4/10/2025 10,643,049.27 4.32% 10,657,413.90 14,364.63 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 4/1/2025 4.410% 1/1/2030 3137HKXJ8 4,010,000.00 AA+ 4/24/2025 4,009,859.65 4.41% 4,033,819.40 23,959.75 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 3/1/2025 4.430% 2/1/2030 3137HKPF5 5,960,000.00 AA+ 3/20/2025 5,959,934.44 4.43% 5,999,574.40 39,639.96 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 5/1/2025 4.513% 2/1/2030 3137HLJA1 4,285,000.00 AA+ 5/29/2025 4,284,880.02 4.51% 4,329,992.50 45,112.48 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 6/1/2025 4.348% 2/1/2030 3137HLXV9 11,370,000.00 AA+ 6/12/2025 11,369,590.68 4.35% 11,413,319.70 43,729.02 4/14/2026 10:50 AM 2 of 5
City of Santa Clara Monthly Report
3/31/2026
Sector Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 9/1/2025 4.361% 5/1/2030 3137HN4R6 7,245,000.00 AA+ 9/18/2025 7,353,573.57 4.01% 7,268,111.55 -85,462.02 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 9/1/2025 4.421% 5/1/2030 3137HN6B9 6,945,000.00 AA+ 9/29/2025 7,048,959.71 4.06% 6,988,892.40 -60,067.31 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 7/1/2025 4.329% 6/1/2030 3137HMC65 11,192,000.00 AA+ 7/17/2025 11,191,787.35 4.33% 11,223,673.36 31,886.01 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 2/1/2026 3.948% 1/1/2031 3137HQDM0 12,000,000.00 AA+ 2/26/2026 11,994,492.00 3.96% 11,818,320.00 -176,172.00 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 3/1/2026 3.936% 1/1/2031 3137HQSP7 5,610,000.00 AA+ 3/12/2026 5,609,893.41 3.94% 5,527,196.40 -82,697.01 Federal Agency Commercial
Mortgage-Backed Security

FHLMC MULTIFAMILY
STRUCTURED PASS THROU 3/1/2026 4.130% 3/1/2031 3137HQSV4 5,945,000.00 AA+ 3/26/2026 5,960,457.00 4.07% 5,915,988.40 -44,468.60 Federal Agency Commercial
Mortgage-Backed Security Subtotal 152,385,692.91 150,969,556.77 152,595,730.00 1,626,173.23 Corporate Note ADOBE INC 4/4/2024 4.800% 4/4/2029 00724PAF6 1,635,000.00 A+ 4/4/2024 1,632,563.85 4.83% 1,661,650.50 29,086.65 Corporate Note ADOBE INC 4/4/2024 4.800% 4/4/2029 00724PAF6 1,340,000.00 A+ 4/4/2024 1,337,762.20 4.84% 1,361,842.00 24,079.80 Corporate Note ADOBE INC 2/3/2020 2.300% 2/1/2030 00724PAD1 8,900,000.00 A+ 2/6/2026 8,310,731.00 4.12% 8,227,605.00 -83,126.00 Corporate Note ALPHABET INC 2/13/2026 3.700% 2/15/2029 02079KBJ5 4,570,000.00 AA+ 2/13/2026 4,565,338.60 3.74% 4,530,743.70 -34,594.90 Corporate Note ALPHABET INC 2/13/2026 3.700% 2/15/2029 02079KBJ5 710,000.00 AA+ 2/13/2026 707,422.70 3.83% 703,901.10 -3,521.60 Corporate Note ALPHABET INC 2/13/2026 3.700% 2/15/2029 02079KBJ5 760,000.00 AA+ 2/13/2026 759,247.60 3.74% 753,471.60 -5,776.00 Corporate Note ALPHABET INC 2/13/2026 3.700% 2/15/2029 02079KBJ5 760,000.00 AA+ 2/13/2026 759,186.80 3.74% 753,471.60 -5,715.20 Corporate Note ALPHABET INC 11/6/2025 4.100% 11/15/2030 02079KAW7 5,725,000.00 AA+ 11/17/2025 5,734,331.75 4.06% 5,685,955.50 -48,376.25 Corporate Note ALPHABET INC 2/13/2026 4.100% 2/15/2031 02079KBK2 5,650,000.00 AA+ 3/3/2026 5,669,040.50 4.02% 5,610,732.50 -58,308.00 Corporate Note AMAZON.COM INC 3/13/2026 4.250% 3/13/2031 023135DD5 11,500,000.00 AA 3/13/2026 11,456,185.00 4.34% 11,415,245.00 -40,940.00 Corporate Note AMAZON.COM INC 3/13/2026 4.250% 3/13/2031 023135DD5 6,775,000.00 AA 3/19/2026 6,736,518.00 4.38% 6,725,068.25 -11,449.75 Corporate Note ASTRAZENECA FINANCE LLC 2/26/2024 4.850% 2/26/2029 04636NAL7 8,500,000.00 A+ 6/27/2025 8,689,040.00 4.19% 8,646,710.00 -42,330.00 Corporate Note BANK OF NY MELLON CORP 4/22/2025 4.729% 4/20/2029 06405LAH4 8,000,000.00 AA- 4/28/2025 8,093,600.00 4.40% 8,056,880.00 -36,720.00 Corporate Note BANK OF NY MELLON CORP 1/22/2026 4.026% 1/22/2030 06406RCG0 7,945,000.00 A 1/28/2026 7,931,016.80 4.07% 7,865,470.55 -65,546.25 Corporate Note BANK OF NY MELLON CORP 1/22/2026 4.026% 1/22/2030 06406RCG0 1,085,000.00 A 1/22/2026 1,085,000.00 4.03% 1,074,139.15 -10,860.85 Corporate Note BLACKROCK INC 3/28/2017 3.200% 3/15/2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,085,970.80 3.50% 4,107,045.60 21,074.80 Corporate Note BLACKROCK INC 3/28/2017 3.200% 3/15/2027 09247XAN1 3,140,000.00 AA- 5/18/2022 3,098,552.00 3.50% 3,115,005.60 16,453.60 Corporate Note BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 2,924,000.00 AA- 4/11/2024 2,911,222.12 4.80% 2,969,438.96 58,216.84 Corporate Note BLACKROCK INC 3/14/2024 4.700% 3/14/2029 09290DAA9 350,000.00 AA- 3/14/2024 349,366.50 4.74% 355,439.00 6,072.50 Corporate Note BOFA SECURITIES INC. 4/22/2021 1.734% 7/22/2027 06051GJS9 1,420,000.00 A- 8/10/2022 1,281,251.80 3.92% 1,408,143.00 126,891.20 Corporate Note BOFA SECURITIES INC. 1/24/2025 4.979% 1/24/2029 06051GMK2 4,980,000.00 A- 4/2/2025 5,035,178.40 4.66% 5,018,794.20 -16,384.20 Corporate Note BOFA SECURITIES INC. 2/13/2020 2.496% 2/13/2031 06051GHZ5 4,325,000.00 A- 3/17/2026 4,008,972.25 4.16% 3,997,684.00 -11,288.25 Corporate Note BRISTOL-MYERS SQUIBB CO 11/13/2023 5.750% 2/1/2031 110122DY1 10,569,000.00 A 3/4/2026 11,324,472.12 4.13% 11,160,546.93 -163,925.19 Corporate Note CATERPILLAR FINL SERVICE 1/8/2026 4.150% 1/8/2031 14913UBH2 1,235,000.00 A 1/8/2026 1,234,555.40 4.16% 1,223,440.40 -11,115.00 Corporate Note CISCO SYSTEMS INC 2/24/2025 4.750% 2/24/2030 17275RBX9 10,000,000.00 AA- 4/22/2025 10,124,500.00 4.46% 10,192,200.00 67,700.00 Corporate Note CISCO SYSTEMS INC 2/24/2025 4.750% 2/24/2030 17275RBX9 6,800,000.00 AA- 4/30/2025 6,955,924.00 4.22% 6,930,696.00 -25,228.00 Corporate Note CITIBANK NA 9/29/2023 5.803% 9/29/2028 17325FBB3 11,225,000.00 A+ 9/29/2023 11,225,000.00 5.80% 11,655,927.75 430,927.75 Corporate Note ELI LILLY & COMPANY 2/12/2025 4.550% 2/12/2028 532457CU0 6,500,000.00 A+ 6/27/2025 6,578,910.00 4.06% 6,552,325.00 -26,585.00 Corporate Note ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/2029 532457CQ9 1,555,000.00 A+ 8/14/2024 1,557,643.50 4.16% 1,556,477.25 -1,166.25 Corporate Note ELI LILLY & COMPANY 8/14/2024 4.200% 8/14/2029 532457CQ9 445,000.00 A+ 8/14/2024 444,025.45 4.25% 445,422.75 1,397.30 Corporate Note GOLDMAN SACHS BANK USA 5/21/2024 5.414% 5/21/2027 38151LAG5 8,750,000.00 A+ 5/22/2025 8,805,037.50 5.08% 8,760,850.00 -44,187.50 Corporate Note HOME DEPOT INC/THE 9/15/2025 3.950% 9/15/2030 437076DJ8 1,885,000.00 A 9/15/2025 1,878,232.85 4.03% 1,860,457.30 -17,775.55 Corporate Note

JPMORGAN CHASE FINANCIAL
CO LLC 2/24/2022 2.947% 2/24/2028 46647PCW4 2,925,000.00 A 9/18/2023 2,674,532.25 5.13% 2,888,203.50 213,671.25 Corporate Note

JPMORGAN CHASE FINANCIAL
CO LLC 4/22/2024 5.571% 4/22/2028 46647PEE2 5,000,000.00 A 8/9/2024 5,103,350.00 4.95% 5,061,050.00 -42,300.00 Corporate Note

JPMORGAN CHASE FINANCIAL
CO LLC 1/24/2025 4.915% 1/24/2029 46647PEU6 2,825,000.00 A 3/13/2025 2,841,921.75 4.74% 2,849,069.00 7,147.25 Corporate Note

JPMORGAN CHASE FINANCIAL
CO LLC 7/23/2018 4.203% 7/23/2029 46647PAV8 4,075,000.00 A 3/5/2026 4,085,472.75 4.12% 4,051,568.75 -33,904.00 Corporate Note

JPMORGAN CHASE FINANCIAL
CO LLC 4/22/2024 5.581% 4/22/2030 46647PEG7 2,750,000.00 A 4/28/2025 2,835,552.50 4.87% 2,834,342.50 -1,210.00 Corporate Note KENVUE INC 10/17/2023 5.050% 3/22/2028 49177JAF9 6,250,000.00 A 6/30/2025 6,397,562.50 4.12% 6,345,375.00 -52,187.50 Corporate Note MASTERCARD INC 5/31/2019 2.950% 6/1/2029 57636QAM6 7,500,000.00 A+ 6/27/2024 6,889,875.00 4.82% 7,228,500.00 338,625.00 Corporate Note META PLATFORMS INC 8/9/2024 4.300% 8/15/2029 30303M8S4 5,370,000.00 AA- 8/14/2024 5,385,895.20 4.23% 5,393,950.20 8,055.00 4/14/2026 10:50 AM 3 of 5
City of Santa Clara Monthly Report
3/31/2026
Sector Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L Corporate Note MORGAN STANLEY BANK NA 5/30/2024 5.504% 5/26/2028 61690U8B9 6,105,000.00 A+ 5/31/2024 6,117,881.55 5.45% 6,174,413.85 56,532.30 Corporate Note MORGAN STANLEY BANK NA 5/30/2024 5.504% 5/26/2028 61690U8B9 3,145,000.00 A+ 5/30/2024 3,145,000.00 5.50% 3,180,758.65 35,758.65 Corporate Note MORGAN STANLEY BANK NA 2/2/2026 4.213% 2/8/2030 61776NU43 5,000,000.00 A+ 2/5/2026 5,001,750.00 4.20% 4,949,350.00 -52,400.00 Corporate Note MORGAN STANLEY BANK NA 2/2/2026 4.213% 2/8/2030 61776NU43 3,650,000.00 A+ 2/3/2026 3,649,854.00 4.21% 3,613,025.50 -36,828.50 Corporate Note NATIONAL SECS CLEARING 5/20/2025 4.700% 5/20/2030 637639AQ8 10,000,000.00 AA+ 6/27/2025 10,167,800.00 4.32% 10,092,200.00 -75,600.00 Corporate Note NATIONAL SECS CLEARING 5/20/2025 4.700% 5/20/2030 637639AQ8 6,825,000.00 AA+ 6/27/2025 6,937,134.75 4.32% 6,887,926.50 -49,208.25 Corporate Note

NOVARTIS FINANCE
CORPORATION 11/5/2025 4.100% 11/5/2030 66989HAY4 15,630,000.00 AA- 11/5/2025 15,583,110.00 4.17% 15,455,881.80 -127,228.20 Corporate Note PACCAR FINANCIAL CORP 1/31/2024 4.600% 1/31/2029 69371RS80 6,165,000.00 A+ 7/30/2024 6,161,547.60 4.61% 6,255,070.65 93,523.05 Corporate Note PEPSICO INC 7/17/2024 4.500% 7/17/2029 713448FX1 4,380,000.00 A+ 7/17/2024 4,373,211.00 4.53% 4,422,091.80 48,880.80 Corporate Note PEPSICO INC 2/7/2025 4.600% 2/7/2030 713448GB8 2,380,000.00 A+ 2/7/2025 2,376,001.60 4.64% 2,410,916.20 34,914.60 Corporate Note SALESFORCE.COM INC 3/13/2026 4.650% 3/15/2029 79466LAR5 9,250,000.00 A+ 3/13/2026 9,247,965.00 4.66% 9,269,147.50 21,182.50 Corporate Note STATE STREET BANK & TR 2/28/2025 4.729% 2/28/2030 857477CW1 9,240,000.00 A 2/28/2025 9,251,365.20 4.70% 9,352,635.60 101,270.40 Corporate Note TOYOTA MOTOR CREDIT CORP 9/11/2023 5.250% 9/11/2028 89236TLB9 5,600,000.00 A+ 9/11/2023 5,590,256.00 5.29% 5,734,176.00 143,920.00 Corporate Note TOYOTA MOTOR CREDIT CORP 1/12/2026 4.200% 1/10/2031 89236TPH2 3,645,000.00 A+ 1/12/2026 3,643,870.05 4.21% 3,594,771.90 -49,098.15 Corporate Note VISA INC 2/12/2026 4.100% 2/12/2031 92826CAZ5 5,000,000.00 AA- 3/3/2026 5,048,500.00 3.88% 4,995,050.00 -53,450.00 Corporate Note Subtotal 286,808,000.00 286,875,208.19 287,422,255.09 547,046.90 Asset-Backed Security

AMERICAN EXPRESS CREDIT
ACCOUNT MASTER 9/19/2023 5.230% 9/15/2028 02582JKD1 6,170,000.00 AAA 9/19/2023 6,169,724.20 5.23% 6,205,724.30 36,000.10 Asset-Backed Security

AMERICAN EXPRESS CREDIT
ACCOUNT MASTER 7/22/2025 4.300% 7/15/2030 02582JKV1 6,515,000.00 AAA 7/22/2025 6,514,061.19 4.30% 6,543,731.15 29,669.96 Asset-Backed Security BA CREDIT CARD TRUST 12/14/2023 4.980% 11/15/2028 05522RDH8 3,045,000.00 NR 12/14/2023 3,044,591.06 4.98% 3,064,366.20 19,775.14 Asset-Backed Security BA CREDIT CARD TRUST 6/12/2025 4.310% 5/15/2030 05522RDK1 5,250,000.00 AAA 6/12/2025 5,249,980.05 4.31% 5,269,740.00 19,759.95 Asset-Backed Security BOFA AUTO TRUST 2024-1 11/21/2023 5.740% 6/15/2028 06054YAC1 3,251,282.66 NR 11/21/2023 3,251,223.81 5.74% 3,277,195.38 25,971.57 Asset-Backed Security

CAPITAL ONE MULTI-ASSET
EXECUTION TRUST 9/16/2025 3.820% 9/15/2030 14041NGF2 7,250,000.00 AAA 9/16/2025 7,248,625.40 3.82% 7,206,210.00 -42,415.40 Asset-Backed Security

CHASE AUTO OWNER TRUST
2024-5A 7/30/2025 4.290% 6/25/2030 16145NAC5 3,255,000.00 NR 7/30/2025 3,254,681.99 4.29% 3,261,705.30 7,023.31 Asset-Backed Security CHASE ISSUANCE TRUST 9/15/2023 5.160% 9/15/2028 161571HT4 6,045,000.00 AAA 9/15/2023 6,043,324.33 5.17% 6,077,763.90 34,439.57 Asset-Backed Security CHASE ISSUANCE TRUST 1/31/2024 4.600% 1/15/2029 161571HV9 7,605,000.00 AAA 1/31/2024 7,603,841.76 4.60% 7,639,450.65 35,608.89 Asset-Backed Security CHASE ISSUANCE TRUST 7/25/2025 4.160% 7/15/2030 161571HZ0 9,190,000.00 AAA 7/25/2025 9,189,815.28 4.16% 9,213,342.60 23,527.32 Asset-Backed Security

CITIBANK CREDIT CARD
ISSUANCE TRUST 6/26/2025 4.300% 6/21/2030 17305EHA6 11,485,000.00 AAA 6/26/2025 11,481,884.12 4.31% 11,518,880.75 36,996.63 Asset-Backed Security FIFTH THIRD AUTO TRUST 8/23/2023 5.530% 8/15/2028 31680EAD3 2,398,831.05 AAA 8/23/2023 2,398,682.32 5.53% 2,415,095.12 16,412.80 Asset-Backed Security

GM FINANCIAL SECURITIZED
TERM AUTO RECE 1/17/2024 4.850% 12/18/2028 36268GAD7 536,403.98 NR 1/17/2024 536,296.11 4.85% 538,485.23 2,189.12 Asset-Backed Security

GM FINANCIAL SECURITIZED
TERM AUTO RECE 5/14/2025 4.280% 4/16/2030 362549AD9 1,965,000.00 AAA 5/14/2025 1,964,710.75 4.28% 1,968,635.25 3,924.50 Asset-Backed Security

HONDA AUTO RECEIVABLES
OWNER TRUST 2024 2/18/2026 3.780% 9/23/2030 43815CAD0 1,635,000.00 NR 2/18/2026 1,634,739.54 3.78% 1,621,445.85 -13,293.69 Asset-Backed Security

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 11/13/2023 5.540% 10/16/2028 44918CAD4 1,554,604.08 AAA 11/13/2023 1,554,399.64 5.54% 1,566,061.51 11,661.87 Asset-Backed Security

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 3/12/2025 4.320% 10/15/2029 44935CAD3 6,570,000.00 AAA 3/12/2025 6,569,030.93 4.32% 6,585,373.80 16,342.87 Asset-Backed Security

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 6/11/2025 4.360% 12/17/2029 44935XAD7 2,825,000.00 AAA 6/11/2025 2,824,744.90 4.36% 2,835,650.25 10,905.35 Asset-Backed Security

HYUNDAI AUTO RECEIVABLES
TRUST 2024-C 9/17/2025 3.880% 4/15/2030 44935JAD8 5,770,000.00 AAA 9/17/2025 5,769,058.34 3.88% 5,739,822.90 -29,235.44 Asset-Backed Security

KUBOTA CREDIT OWNER
TRUST 2024-2A 2/19/2025 4.670% 6/15/2029 50117FAC5 4,065,000.00 NR 2/19/2025 4,064,860.57 4.67% 4,095,162.30 30,301.73 Asset-Backed Security

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 11/14/2023 5.540% 8/15/2028 89239FAD4 1,153,819.98 AAA 11/14/2023 1,153,695.60 5.54% 1,164,562.04 10,866.44 Asset-Backed Security

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 4/30/2025 4.340% 11/15/2029 89231HAD8 4,385,000.00 AAA 4/30/2025 4,384,748.74 4.34% 4,401,399.90 16,651.16 Asset-Backed Security

TOYOTA AUTO RECEIVABLES
OWNER TRUST COM 7/30/2025 4.110% 3/15/2030 89238VAD0 4,705,000.00 AAA 7/30/2025 4,704,504.09 4.11% 4,709,893.20 5,389.11 Asset-Backed Security

VOLKSWAGEN AUTO LOAN
ENHANCED TRUST 202 3/25/2025 4.500% 8/20/2029 92868MAD1 6,905,000.00 NR 3/25/2025 6,904,765.23 4.50% 6,942,977.50 38,212.27 Asset-Backed Security Subtotal 113,529,941.75 113,515,989.95 113,862,675.08 346,685.13 4/14/2026 10:50 AM 4 of 5
City of Santa Clara Monthly Report
3/31/2026
Sector Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L Certificate of Deposit COOPERAT RABOBANK UA/NY 7/20/2023 5.080% 7/17/2026 21684LGS5 7,500,000.00 A-1 7/20/2023 7,500,000.00 5.08% 7,533,300.00 33,300.00 Certificate of Deposit Subtotal 7,500,000.00 7,500,000.00 7,533,300.00 33,300.00 Cash Equivalent

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 4/1/2026 992995944 3,940,427.40 9/1/2020 3,940,427.40 3,940,427.40 - Cash Equivalent

LOCAL AGENCY INVESTMENT
FUND 4/1/2026 56,414,735.05 9/30/1997 56,414,735.05 56,414,735.05 - Cash Equivalent

CALIFORNIA ASSET
MANAGEMENT PROGRAM 4/1/2026 257,351,898.13 10/4/2022 257,351,898.13 257,351,898.13 - Cash Equivalent

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 3.710% 4/6/2026 15,000,000.00 1/6/2026 15,000,000.00 15,000,000.00 - Cash Equivalent

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 3.740% 4/22/2026 10,000,000.00 12/24/2025 10,000,000.00 10,000,000.00 - Cash Equivalent

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 3.700% 5/18/2026 10,000,000.00 1/20/2026 10,000,000.00 10,000,000.00 - Cash Equivalent

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 3.660% 5/26/2026 15,000,000.00 2/24/2026 15,000,000.00 15,000,000.00 - Cash Equivalent

CALIFORNIA ASSET

MANAGEMENT PROGRAM -
TERM 3.710% 6/1/2026 10,000,000.00 3/9/2026 10,000,000.00 10,000,000.00 - Cash Equivalent DREYFUS TREASURY 3.550% 4/1/2026 2,493,731.65 10/31/1997 2,493,731.65 2,493,731.65 - Cash Equivalent Subtotal 380,200,792.23 380,200,792.23 380,200,792.23 - Grand Total Count 195 1,630,734,426.89 1,633,648,349.17 1,633,713,829.20 65,480.03 4/14/2026 10:50 AM 5 of 5
PAGE 24

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ BEGINNING BALANCE 0.00 1,250,913,571.14
¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

CASH EQUIVALENTS
03/02/26 INTEREST RECEIVED 1,469.61

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
INTEREST FROM 2/1/26 TO 2/28/26
03/20/26 5,985,000 PURCHASED 5,981,457.88- 5,981,457.88 U.S. TREASURY BILLS 3/26/26
CUSIP 912797SC2
AT $99.9408 ON TRADE DATE 03/19/2026
TO SETTLE ON 03/20/2026

BMOCM/BONDS
03/26/26 5,985,000- MATURED 5,981,457.88 5,981,457.88-
U.S. TREASURY BILLS 3/26/26
CUSIP 912797SC2
AT $100.0000 ON TRADE DATE 03/26/2026
03/26/26 INTEREST RECEIVED 3,542.12
U.S. TREASURY BILLS 3/26/26
CUSIP 912797SC2
INTEREST ON 5,985,000.000 UNITS
5,985,000 PAR VALUE AT 100 %
03/31/26 11,347,020.05 CASH SWEEP PURCHASES FOR STMT PERIOD 11,347,020.05- 11,347,020.05

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
16 TRANSACTIONS
03/31/26 10,290,372.15- CASH SWEEP SALES FOR STMT PERIOD 10,290,372.15 10,290,372.15-

PRINCIPAL PUBLIC DEPOSIT SWEEP PRGRM
2 TRANSACTIONS
PAGE 25

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

BONDS & NOTES
03/03/26 5,740,000- SOLD 5,694,252.20 5,354,386.80- 339,865.40 ALPHABET INC 1.998% 8/15/26
CUSIP 02079KAC1
AT $99.2030 ON TRADE DATE 03/02/2026
TO SETTLE ON 03/03/2026

GOLDMAN SACHS
03/03/26 ACCRUED INTEREST ON SALE 5,734.26
ALPHABET INC 1.998% 8/15/26
CUSIP 02079KAC1
03/03/26 5,650,000 PURCHASED 5,669,040.50- 5,669,040.50 ALPHABET INC 4.100% 2/15/31
CUSIP 02079KBK2
AT $100.3370 ON TRADE DATE 03/02/2026
TO SETTLE ON 03/03/2026
MORGAN STANLEY & CO.
03/03/26 ACCRUED INTEREST ON PURCHASE 12,869.44-
ALPHABET INC 4.100% 2/15/31
CUSIP 02079KBK2
03/13/26 11,500,000- SOLD 11,409,610.00 11,487,695.00- 78,085.00- AMAZON COM INC 4.100% 11/20/30
CUSIP 023135CT1
AT $99.2140 ON TRADE DATE 03/11/2026
TO SETTLE ON 03/13/2026

CITIGROUP GBL MKTS/SALOMON BRO
03/13/26 ACCRUED INTEREST ON SALE 147,998.61
AMAZON COM INC 4.100% 11/20/30
CUSIP 023135CT1
PAGE 26

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/13/26 11,500,000 PURCHASED 11,456,185.00- 11,456,185.00 AMAZON COM INC 4.250% 3/13/31
CUSIP 023135DD5
AT $99.6190 ON TRADE DATE 03/11/2026
TO SETTLE ON 03/13/2026

CITIGROUP GBL MKTS/SALOMON BRO
03/19/26 6,775,000 PURCHASED 6,736,518.00- 6,736,518.00 AMAZON COM INC 4.250% 3/13/31
CUSIP 023135DD5
AT $99.4320 ON TRADE DATE 03/18/2026
TO SETTLE ON 03/19/2026

MERRILL LYNCH, PIERCE, FENNER
03/19/26 ACCRUED INTEREST ON PURCHASE 4,798.96-
AMAZON COM INC 4.250% 3/13/31
CUSIP 023135DD5
03/19/26 6,715,000- SOLD 6,671,285.35 6,672,964.10- 1,678.75- AMAZON.COM INC 3.300% 4/13/27
CUSIP 023135CF1
AT $99.3490 ON TRADE DATE 03/18/2026
TO SETTLE ON 03/19/2026

WELLS FARGO SECURITIES, LLC
03/19/26 ACCRUED INTEREST ON SALE 96,024.50
AMAZON.COM INC 3.300% 4/13/27
CUSIP 023135CF1
03/16/26 INTEREST RECEIVED 23,345.41
AMERICAN EXPRES ABS 4.300% 7/15/30
CUSIP 02582JKV1
$0.00358/PV ON 6,515,000.00 PV
DUE 3/15/26
PAGE 27

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/16/26 INTEREST RECEIVED 26,890.91
AMERICAN EXPRES ABS 5.230% 9/15/28
CUSIP 02582JKD1
$0.00436/PV ON 6,170,000.00 PV
DUE 3/15/26
03/17/26 4,000,000- SOLD 4,016,960.00 3,998,360.00- 18,600.00 BANK OF AMERICA 5.526% 8/18/26
CUSIP 06428CAA2
AT $100.4240 ON TRADE DATE 03/16/2026
TO SETTLE ON 03/17/2026

BANC OF AMERICA SECURITIES LLC
03/17/26 ACCRUED INTEREST ON SALE 17,806.00
BANK OF AMERICA 5.526% 8/18/26
CUSIP 06428CAA2
03/16/26 INTEREST RECEIVED 18,856.25
BANK OF AMERICA ABS 4.310% 5/15/30
CUSIP 05522RDK1
$0.00359/PV ON 5,250,000.00 PV
DUE 3/15/26
03/16/26 INTEREST RECEIVED 17,050.86
BANK OF AMERICA ABS 5.740% 6/15/28
CUSIP 06054YAC1
$0.00259/PV ON 3,564,639.40 PV
DUE 3/15/26
03/16/26 313,356.74- PAID DOWN 313,356.74 313,351.07- 5.67 BANK OF AMERICA ABS 5.740% 6/15/28
CUSIP 06054YAC1
AT $52.3132 ON TRADE DATE 03/15/2026
TO SETTLE ON 03/16/2026
PAGE 28

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/16/26 INTEREST RECEIVED 12,636.75
BK OF AMERICA ABS 4.980% 11/15/28
CUSIP 05522RDH8
$0.00415/PV ON 3,045,000.00 PV
DUE 3/15/26
03/16/26 INTEREST RECEIVED 76,939.00
BLACKROCK FUNDING 4.700% 3/14/29
CUSIP 09290DAA9
INTEREST ON 3,274,000.000 UNITS
03/04/26 1,000,000- SOLD 994,400.00 986,885.00- 7,515.00 BLACKROCK INC 3.200% 3/15/27
CUSIP 09247XAN1
AT $99.4400 ON TRADE DATE 03/03/2026
TO SETTLE ON 03/04/2026

PERSHING
03/04/26 ACCRUED INTEREST ON SALE 15,022.22
BLACKROCK INC 3.200% 3/15/27
CUSIP 09247XAN1
03/16/26 INTEREST RECEIVED 116,480.00
BLACKROCK INC 3.200% 3/15/27
CUSIP 09247XAN1
INTEREST ON 7,280,000.000 UNITS
03/04/26 10,569,000 PURCHASED 11,324,472.12- 11,324,472.12 BRISTOL-MYERS 5.750% 2/01/31
CUSIP 110122DY1
AT $107.1480 ON TRADE DATE 03/03/2026
TO SETTLE ON 03/04/2026

MERRILL LYNCH,PIERCE,FENNER
03/04/26 ACCRUED INTEREST ON PURCHASE 55,707.44-
BRISTOL-MYERS 5.750% 2/01/31
CUSIP 110122DY1
PAGE 29

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/16/26 INTEREST RECEIVED 23,079.16
CAPITAL ONE ABS 3.820% 9/16/30
CUSIP 14041NGF2
$0.00318/PV ON 7,250,000.00 PV
DUE 3/15/26
03/25/26 INTEREST RECEIVED 11,636.63
CHASE AUTO ABS 4.290% 6/25/30
CUSIP 16145NAC5
$0.00358/PV ON 3,255,000.00 PV
DUE 3/25/26
03/16/26 INTEREST RECEIVED 31,858.67
CHASE ISSUANCE ABS 0.000% 7/15/30
CUSIP 161571HZ0
$0.00347/PV ON 9,190,000.00 PV
DUE 3/15/26
03/16/26 INTEREST RECEIVED 29,152.50
CHASE ISSUANCE ABS 4.600% 1/16/29
CUSIP 161571HV9
$0.00383/PV ON 7,605,000.00 PV
DUE 3/15/26
03/16/26 INTEREST RECEIVED 25,993.50
CHASE ISSUANCE ABS 5.160% 9/15/28
CUSIP 161571HT4
$0.00430/PV ON 6,045,000.00 PV
DUE 3/15/26
03/30/26 INTEREST RECEIVED 325,693.38
CITIBANK 5.803% 9/29/28
CUSIP 17325FBB3
INTEREST ON 11,225,000.000 UNITS
PAGE 30

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/25/26 INTEREST RECEIVED 16,948.69
FED HOME LN MTG CORP 3.117% 6/25/27
CUSIP 3137F2LJ3
$0.00260/PV ON 6,525,000.00 PV
DUE 3/25/26
03/25/26 68,786.55- PAID DOWN 68,786.55 64,326.17- 4,460.38 FED HOME LN MTG CORP 3.117% 6/25/27
CUSIP 3137F2LJ3
03/25/26 INTEREST RECEIVED 40,375.14
FHLMC CMO V-M 4.329% 6/25/30
CUSIP 3137HMC65
$0.00361/PV ON 11,192,000.00 PV
DUE 3/25/26
03/25/26 INTEREST RECEIVED 25,586.54
FHLMC CMO V-M 4.421% 5/25/30
CUSIP 3137HN6B9
$0.00368/PV ON 6,945,000.00 PV
DUE 3/25/26
03/25/26 INTEREST RECEIVED 14,167.41
FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
$0.00265/PV ON 5,079,440.30 PV
DUE 3/25/26
03/25/26 28,078.57- PAID DOWN 28,078.57 27,214.28- 864.29 FHLMC K061 CMO V-M 3.347% 11/25/26
CUSIP 3137BTUM1
03/25/26 INTEREST RECEIVED 22,712.50
FHLMC K508 CMO V-M 4.740% 8/25/28
CUSIP 3137HAQ74
$0.00395/PV ON 5,750,000.00 PV
DUE 3/25/26
PAGE 31

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/25/26 INTEREST RECEIVED 36,451.79
FHLMC K536 CMO V-M 4.850% 1/25/30
CUSIP 3137HJZY6
$0.00404/PV ON 9,019,000.00 PV
DUE 3/25/26
03/25/26 INTEREST RECEIVED 22,002.34
FHLMC K537 CMO V-M 4.430% 2/25/30
CUSIP 3137HKPF5
$0.00369/PV ON 5,960,000.00 PV
DUE 3/25/26
03/25/26 INTEREST RECEIVED 39,443.72
FHLMC K538 CMO V-M 4.478% 1/25/30
CUSIP 3137HKQC1
$0.00373/PV ON 10,570,000.00 PV
DUE 3/25/26
03/25/26 INTEREST RECEIVED 14,736.75
FHLMC K539 CMO V-M 4.410% 1/25/30
CUSIP 3137HKXJ8
$0.00368/PV ON 4,010,000.00 PV
DUE 3/25/26
03/25/26 INTEREST RECEIVED 16,115.17
FHLMC K540 CMO V-M 4.513% 2/25/30
CUSIP 3137HLJA1
$0.00376/PV ON 4,285,000.00 PV
DUE 3/25/26
03/25/26 INTEREST RECEIVED 41,197.30
FHLMC K541 CMO V-M 4.348% 2/25/30
CUSIP 3137HLXV9
$0.00362/PV ON 11,370,000.00 PV
DUE 3/25/26
PAGE 32

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/25/26 INTEREST RECEIVED 26,329.54
FHLMC K546 CMO V-M 4.361% 5/25/30
CUSIP 3137HN4R6
$0.00363/PV ON 7,245,000.00 PV
DUE 3/25/26
03/25/26 INTEREST RECEIVED 39,480.00
FHLMC K556 CMO V-M 3.948% 1/25/31
CUSIP 3137HQDM0
$0.00329/PV ON 12,000,000.00 PV
DUE 3/25/26
03/12/26 5,610,000 PURCHASED 5,609,893.41- 5,609,893.41 FHLMC K557 CMO V-M 3.936% 1/25/31
CUSIP 3137HQSP7
AT $99.9981 ON TRADE DATE 03/03/2026
TO SETTLE ON 03/12/2026
MORGAN STANLEY & CO.
03/12/26 ACCRUED INTEREST ON PURCHASE 6,746.96-
FHLMC K557 CMO V-M 3.936% 1/25/31
CUSIP 3137HQSP7
03/26/26 5,945,000 PURCHASED 5,960,457.00- 5,960,457.00 FHLMC K558 CMO V-M 4.130% 3/25/31
CUSIP 3137HQSV4
AT $100.2600 ON TRADE DATE 03/17/2026
TO SETTLE ON 03/26/2026

BMOCM/BONDS
03/26/26 ACCRUED INTEREST ON PURCHASE 17,050.59-
FHLMC K558 CMO V-M 4.130% 3/25/31
CUSIP 3137HQSV4
03/25/26 INTEREST RECEIVED 12,282.86
FHLMC MULTIFAMILY ST 3.243% 4/25/27
CUSIP 3137F1G44
$0.00270/PV ON 4,545,000.00 PV
DUE 3/25/26
PAGE 33

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/25/26 INTEREST RECEIVED 23,719.89
FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
$0.00388/PV ON 5,958,524.65 PV
DUE 3/25/26
03/25/26 11,296.53- PAID DOWN 11,296.53 11,296.25- 0.28 FHLMC SER KJ46 CMO 4.777% 6/25/28
CUSIP 3137HAD45
03/25/26 INTEREST RECEIVED 30,118.75
FHLMC SER K505 CMO 4.819% 6/25/28
CUSIP 3137HACX2
$0.00402/PV ON 7,500,000.00 PV
DUE 3/25/26
03/16/26 INTEREST RECEIVED 12,139.83
FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
$0.00230/PV ON 2,634,321.93 PV
DUE 3/15/26
03/16/26 235,490.88- PAID DOWN 235,490.88 235,476.28- 14.60 FIFTH THIRD AUT ABS 5.530% 8/15/28
CUSIP 31680EAD3
AT $69.6107 ON TRADE DATE 03/15/2026
TO SETTLE ON 03/16/2026
03/25/26 INTEREST RECEIVED 52,255.03
FNMA SER M6 CMO V-M 4.184% 7/25/28
CUSIP 3136BQDE6
$0.00349/PV ON 14,986,600.31 PV
DUE 3/25/26
03/25/26 1,710.7- PAID DOWN 1,710.70 1,661.71- 48.99
FNMA SER M6 CMO V-M 4.184% 7/25/28
CUSIP 3136BQDE6
PAGE 34

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/16/26 INTEREST RECEIVED 7,008.50
GM FINANCIAL ABS 4.280% 4/16/30
CUSIP 362549AD9
$0.00357/PV ON 1,965,000.00 PV
DUE 3/16/26
03/16/26 INTEREST RECEIVED 2,336.34
GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
$0.00287/PV ON 578,062.03 PV
DUE 3/16/26
03/16/26 41,658.05- PAID DOWN 41,658.05 41,649.67- 8.38 GM FINANCIAL ABS 4.850% 12/18/28
CUSIP 36268GAD7
AT $393.5059 ON TRADE DATE 03/16/2026
03/16/26 INTEREST RECEIVED 37,228.75
HOME DEPOT INC 3.950% 9/15/30
CUSIP 437076DJ8
INTEREST ON 1,885,000.000 UNITS
03/23/26 INTEREST RECEIVED 5,665.28
HONDA AUTO RECE ABS 3.780% 9/23/30
CUSIP 43815CAD0
$0.00347/PV ON 1,635,000.00 PV
DUE 3/21/26
03/16/26 INTEREST RECEIVED 18,656.33
HYUNDAI AUTO ABS 3.880% 4/15/30
CUSIP 44935JAD8
$0.00323/PV ON 5,770,000.00 PV
DUE 3/15/26
03/16/26 INTEREST RECEIVED 23,652.00
HYUNDAI AUTO ABS 4.320% 10/15/29
CUSIP 44935CAD3
$0.00360/PV ON 6,570,000.00 PV
DUE 3/15/26
PAGE 35

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/16/26 INTEREST RECEIVED 10,264.17
HYUNDAI AUTO REC ABS 4.360% 12/17/29
CUSIP 44935XAD7
$0.00363/PV ON 2,825,000.00 PV
DUE 3/15/26
03/16/26 INTEREST RECEIVED 7,792.33
HYUNDAI AUTO REC ABS 5.540% 10/16/28
CUSIP 44918CAD4
$0.00308/PV ON 1,687,869.87 PV
DUE 3/15/26
03/16/26 133,265.79- PAID DOWN 133,265.79 133,248.27- 17.52 HYUNDAI AUTO REC ABS 5.540% 10/16/28
CUSIP 44918CAD4
AT $123.0075 ON TRADE DATE 03/15/2026
TO SETTLE ON 03/16/2026
03/13/26 3,910,000- SOLD 3,994,221.40 3,983,666.10- 10,555.30 JOHN DEERE CAP MTN 4.950% 7/14/28
CUSIP 24422EXB0
AT $102.1540 ON TRADE DATE 03/11/2026
TO SETTLE ON 03/13/2026

GOLDMAN SACHS
03/13/26 ACCRUED INTEREST ON SALE 31,719.88
JOHN DEERE CAP MTN 4.950% 7/14/28
CUSIP 24422EXB0
03/03/26 5,000,000- SOLD 4,960,400.00 4,908,600.00- 51,800.00 JOHN DEERE CAPITAL 1.050% 6/17/26
CUSIP 24422EVR7
AT $99.2080 ON TRADE DATE 03/02/2026
TO SETTLE ON 03/03/2026

PERSHING
PAGE 36

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/03/26 ACCRUED INTEREST ON SALE 11,083.33
JOHN DEERE CAPITAL 1.050% 6/17/26
CUSIP 24422EVR7
03/02/26 INTEREST RECEIVED 109,125.00
JOHNSON & JOHNSON 4.500% 3/01/27
CUSIP 478160DG6
INTEREST ON 4,850,000.000 UNITS
03/04/26 4,850,000- SOLD 4,890,255.00 4,879,439.50- 10,815.50 JOHNSON & JOHNSON 4.500% 3/01/27
CUSIP 478160DG6
AT $100.8300 ON TRADE DATE 03/03/2026
TO SETTLE ON 03/04/2026
STIFEL NICOLAUS & CO., INC.
03/04/26 ACCRUED INTEREST ON SALE 1,818.75
JOHNSON & JOHNSON 4.500% 3/01/27
CUSIP 478160DG6
03/23/26 INTEREST RECEIVED 157,812.50
KENVUE INC 5.050% 3/22/28
CUSIP 49177JAF9
INTEREST ON 6,250,000.000 UNITS
03/16/26 INTEREST RECEIVED 15,819.63
KUBOTA CREDIT ABS 4.670% 6/15/29
CUSIP 50117FAC5
$0.00389/PV ON 4,065,000.00 PV
DUE 3/15/26
03/13/26 4,380,000- SOLD 4,380,131.40 4,375,094.40- 5,037.00 NATIONAL RURAL MTN 4.150% 8/25/28
CUSIP 63743HFZ0
AT $100.0030 ON TRADE DATE 03/11/2026
TO SETTLE ON 03/13/2026

GOLDMAN SACHS
PAGE 37

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/13/26 ACCRUED INTEREST ON SALE 9,088.50
NATIONAL RURAL MTN 4.150% 8/25/28
CUSIP 63743HFZ0
03/13/26 835,000- SOLD 849,929.80 834,532.40- 15,397.40 PACCAR FINANCIAL MTN 4.600% 1/31/29
CUSIP 69371RS80
AT $101.7880 ON TRADE DATE 03/11/2026
TO SETTLE ON 03/13/2026

MERRILL LYNCH,PIERCE,FENNER
03/13/26 ACCRUED INTEREST ON SALE 4,587.86
PACCAR FINANCIAL MTN 4.600% 1/31/29
CUSIP 69371RS80
03/13/26 9,250,000 PURCHASED 9,247,965.00- 9,247,965.00 SALESFORCE INC 4.650% 3/15/29
CUSIP 79466LAR5
AT $99.9780 ON TRADE DATE 03/11/2026
TO SETTLE ON 03/13/2026

CITIGROUP GBL MKTS/SALOMON BRO
03/02/26 INTEREST RECEIVED 218,479.80
STATE STR CORP 4.729% 2/28/30
CUSIP 857477CW1
INTEREST ON 9,240,000.000 UNITS
03/04/26 5,585,000- SOLD 5,500,331.40 5,556,206.50- 55,875.10- TARGET CORP 1.950% 1/15/27
CUSIP 87612EBM7
AT $98.4840 ON TRADE DATE 03/03/2026
TO SETTLE ON 03/04/2026

GOLDMAN SACHS
03/04/26 ACCRUED INTEREST ON SALE 14,823.52
TARGET CORP 1.950% 1/15/27
CUSIP 87612EBM7
PAGE 38

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/16/26 INTEREST RECEIVED 16,114.63
TOYOTA AUTO ABS 4.110% 3/15/30
CUSIP 89238VAD0
$0.00343/PV ON 4,705,000.00 PV
DUE 3/15/26
03/16/26 INTEREST RECEIVED 15,859.08
TOYOTA AUTO REC ABS 4.340% 11/15/29
CUSIP 89231HAD8
$0.00362/PV ON 4,385,000.00 PV
DUE 3/15/26
03/16/26 INTEREST RECEIVED 5,717.71
TOYOTA AUTO REC ABS 5.540% 8/15/28
CUSIP 89239FAD4
$0.00331/PV ON 1,238,493.08 PV
DUE 3/15/26
03/16/26 84,673.1- PAID DOWN 84,673.10 84,663.97- 9.13
TOYOTA AUTO REC ABS 5.540% 8/15/28
CUSIP 89239FAD4
AT $193.5997 ON TRADE DATE 03/15/2026
TO SETTLE ON 03/16/2026
03/11/26 INTEREST RECEIVED 147,000.00
TOYOTA MTR CR MTN 5.250% 9/11/28
CUSIP 89236TLB9
INTEREST ON 5,600,000.000 UNITS
03/05/26 9,350,000- SOLD 9,243,716.80 8,996,818.36- 246,898.44 U.S. TREASURY NOTES 2.750% 7/31/27
CUSIP 91282CFB2
AT $98.8633 ON TRADE DATE 03/04/2026
TO SETTLE ON 03/05/2026
RBC DAIN RAUSCHER INC.

PAGE 39

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/05/26 ACCRUED INTEREST ON SALE 23,439.57
U.S. TREASURY NOTES 2.750% 7/31/27
CUSIP 91282CFB2
03/02/26 INTEREST RECEIVED 166,406.25
U.S. TREASURY NOTES 3.125% 8/31/29
CUSIP 91282CFJ5
INTEREST ON 10,650,000.000 UNITS
03/31/26 INTEREST RECEIVED 188,300.00
U.S. TREASURY NOTES 3.500% 9/30/29
CUSIP 91282CLN9
INTEREST ON 10,760,000.000 UNITS
03/03/26 4,625,000 PURCHASED 4,601,513.67- 4,601,513.67 U.S. TREASURY NOTES 3.625% 2/28/31
CUSIP 91282CQD6
AT $99.4922 ON TRADE DATE 03/02/2026
TO SETTLE ON 03/03/2026

BNP PARIBAS SECURITIES CORP/BO
03/03/26 ACCRUED INTEREST ON PURCHASE 1,319.63-
U.S. TREASURY NOTES 3.625% 2/28/31
CUSIP 91282CQD6
03/16/26 22,850,000 PURCHASED 22,475,117.19- 22,475,117.19 U.S. TREASURY NOTES 3.625% 2/28/31
CUSIP 91282CQD6
AT $98.3594 ON TRADE DATE 03/13/2026
TO SETTLE ON 03/16/2026

CITIGROUP GBL MKTS/SALOMON BRO
03/16/26 ACCRUED INTEREST ON PURCHASE 34,771.74-
U.S. TREASURY NOTES 3.625% 2/28/31
CUSIP 91282CQD6
PAGE 40

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/20/26 6,025,000- SOLD 5,948,510.74 5,937,641.53- 10,869.21 U.S. TREASURY NOTES 3.625% 2/28/31
CUSIP 91282CQD6
AT $98.7305 ON TRADE DATE 03/17/2026
TO SETTLE ON 03/20/2026

BMOCM/BONDS
03/20/26 ACCRUED INTEREST ON SALE 11,460.60
U.S. TREASURY NOTES 3.625% 2/28/31
CUSIP 91282CQD6
03/31/26 INTEREST RECEIVED 48,575.00
U.S. TREASURY NOTES 3.625% 3/31/28
CUSIP 91282CGT2
INTEREST ON 2,680,000.000 UNITS
03/02/26 INTEREST RECEIVED 264,081.25
U.S. TREASURY NOTES 3.625% 8/31/29
CUSIP 91282CLK5
INTEREST ON 14,570,000.000 UNITS
03/02/26 INTEREST RECEIVED 442,703.13
U.S. TREASURY NOTES 3.625% 8/31/30
CUSIP 91282CNX5
INTEREST ON 24,425,000.000 UNITS
03/31/26 INTEREST RECEIVED 136,843.75
U.S. TREASURY NOTES 3.625% 9/30/30
CUSIP 91282CPA3
INTEREST ON 7,550,000.000 UNITS
03/06/26 5,600,000- SOLD 5,626,468.75 5,580,312.50- 46,156.25 U.S. TREASURY NOTES 3.750% 1/31/31
CUSIP 91282CPW5
AT $100.4727 ON TRADE DATE 03/03/2026
TO SETTLE ON 03/06/2026
NOMURA SECURITIES INTL. INC.

PAGE 41

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/06/26 ACCRUED INTEREST ON SALE 19,723.76
U.S. TREASURY NOTES 3.750% 1/31/31
CUSIP 91282CPW5
03/20/26 4,135,000 PURCHASED 4,136,938.28- 4,136,938.28 U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
AT $100.0469 ON TRADE DATE 03/19/2026
TO SETTLE ON 03/20/2026

CITIGROUP GBL MKTS/SALOMON BRO
03/20/26 ACCRUED INTEREST ON PURCHASE 61,967.89-
U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
03/20/26 5,190,000 PURCHASED 5,194,460.16- 5,194,460.16 U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
AT $100.0859 ON TRADE DATE 03/19/2026
TO SETTLE ON 03/20/2026

CITIGROUP GBL MKTS/SALOMON BRO
03/20/26 ACCRUED INTEREST ON PURCHASE 77,778.31-
U.S. TREASURY NOTES 3.875% 4/30/30
CUSIP 91282CMZ1
03/02/26 INTEREST RECEIVED 121,700.00
U.S. TREASURY NOTES 4.000% 2/28/30
CUSIP 91282CGQ8
INTEREST ON 6,085,000.000 UNITS
03/02/26 INTEREST RECEIVED 462,100.00
U.S. TREASURY NOTES 4.000% 2/29/28
CUSIP 91282CGP0
INTEREST ON 23,105,000.000 UNITS
PAGE 42

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/31/26 INTEREST RECEIVED 207,281.25
U.S. TREASURY NOTES 4.125% 3/31/29
CUSIP 91282CKG5
INTEREST ON 10,050,000.000 UNITS
03/31/26 INTEREST RECEIVED 232,650.00
U.S. TREASURY NOTES 4.125% 9/30/27
CUSIP 91282CFM8
INTEREST ON 11,280,000.000 UNITS
03/02/26 INTEREST RECEIVED 153,531.25
U.S. TREASURY NOTES 4.250% 2/28/29
CUSIP 91282CKD2
INTEREST ON 7,225,000.000 UNITS
03/05/26 14,100,000 PURCHASED 14,459,660.16- 14,459,660.16 U.S. TREASURY NOTES 4.250% 2/28/31
CUSIP 91282CKC4
AT $102.5508 ON TRADE DATE 03/04/2026
TO SETTLE ON 03/05/2026

BANC OF AMERICA SECURITIES LLC
03/05/26 ACCRUED INTEREST ON PURCHASE 8,141.98-
U.S. TREASURY NOTES 4.250% 2/28/31
CUSIP 91282CKC4
03/02/26 INTEREST RECEIVED 63,437.50
U.S. TREASURY NOTES 4.375% 8/31/28
CUSIP 91282CHX2
INTEREST ON 2,900,000.000 UNITS
03/16/26 21,925,000- SOLD 22,112,561.52 22,050,041.02- 62,520.50 U.S. TREASURY NOTES 4.500% 4/15/27
CUSIP 91282CKJ9
AT $100.8555 ON TRADE DATE 03/13/2026
TO SETTLE ON 03/16/2026
RBC DAIN RAUSCHER INC.

PAGE 43

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/16/26 ACCRUED INTEREST ON SALE 411,997.25
U.S. TREASURY NOTES 4.500% 4/15/27
CUSIP 91282CKJ9
03/05/26 5,250,000- SOLD 5,174,326.17 5,102,753.91- 71,572.26 US TREASURY NOTE 2.375% 5/15/27
CUSIP 912828X88
AT $98.5586 ON TRADE DATE 03/04/2026
TO SETTLE ON 03/05/2026

BNP PARIBAS SECURITIES CORP/BO
03/05/26 ACCRUED INTEREST ON SALE 37,888.47
US TREASURY NOTE 2.375% 5/15/27
CUSIP 912828X88
03/03/26 5,000,000 PURCHASED 5,048,500.00- 5,048,500.00 VISA INC 4.100% 2/12/31
CUSIP 92826CAZ5
AT $100.9700 ON TRADE DATE 03/02/2026
TO SETTLE ON 03/03/2026

MERRILL LYNCH,PIERCE,FENNER
03/03/26 ACCRUED INTEREST ON PURCHASE 11,958.33-
VISA INC 4.100% 2/12/31
CUSIP 92826CAZ5
03/20/26 INTEREST RECEIVED 25,893.75
VOLKSWAGEN AUTO ABS 4.500% 8/20/29
CUSIP 92868MAD1
$0.00375/PV ON 6,905,000.00 PV
DUE 3/20/26
03/17/26 4,325,000 PURCHASED 4,008,972.25- 4,008,972.25 VR BANK OF AMERICA 2.496% 2/13/31
CUSIP 06051GHZ5
AT $92.6930 ON TRADE DATE 03/16/2026
TO SETTLE ON 03/17/2026

MERRILL LYNCH,PIERCE,FENNER
PAGE 44

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/17/26 ACCRUED INTEREST ON PURCHASE 10,195.47-
VR BANK OF AMERICA 2.496% 2/13/31
CUSIP 06051GHZ5
03/25/26 INTEREST RECEIVED 21,493.34
VR FHLMC MULTIFAMI 3.224% 3/25/27
CUSIP 3137BXQY1
$0.00269/PV ON 8,000,000.00 PV
DUE 3/25/26
03/05/26 4,100,000- SOLD 4,087,003.00 3,710,746.00- 376,257.00 VR JPMORGAN CHASE & 1.578% 4/22/27
CUSIP 46647PCB0
AT $99.6830 ON TRADE DATE 03/04/2026
TO SETTLE ON 03/05/2026

GOLDMAN SACHS
03/05/26 ACCRUED INTEREST ON SALE 23,902.32
VR JPMORGAN CHASE & 1.578% 4/22/27
CUSIP 46647PCB0
03/05/26 4,075,000 PURCHASED 4,085,472.75- 4,085,472.75 VR JPMORGAN CHASE & 4.203% 7/23/29
CUSIP 46647PAV8
AT $100.2570 ON TRADE DATE 03/04/2026
TO SETTLE ON 03/05/2026

WELLS FARGO SECURITIES, LLC
03/05/26 ACCRUED INTEREST ON PURCHASE 19,981.76-
VR JPMORGAN CHASE & 4.203% 7/23/29
CUSIP 46647PAV8
03/20/26 4,085,000- SOLD 4,127,892.50 4,106,430.48- 21,462.02 WALMART INC 4.350% 4/28/30
CUSIP 931142FN8
AT $101.0500 ON TRADE DATE 03/19/2026
TO SETTLE ON 03/20/2026

TORONTO DOMINION SECURITIES (U
INVESTMENT AND INSURANCE PRODUCTS ARE:
• NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) OR ANY FEDERAL GOVERNMENT AGENCY • NOT A DEPOSIT, OBLIGATION OF, OR GUARANTEED BY ANY BANK OR BANKING AFFILIATE • SUBJECT TO INVESTMENT RISKS AND MAY LOSE VALUE, INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED PAGE 45

STATEMENT OF TRANSACTIONS CITY OF SANTA CLARA- CUSTODY
FOR THE PERIOD MARCH 1, 2026 THROUGH MARCH 31, 2026 ACCOUNT NUMBER XXXXXXXX ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

STATEMENT OF TRANSACTIONS

REALIZED

DATE PAR VALUE/SHARES DESCRIPTION CASH COST VALUE GAIN/LOSS ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ 03/20/26 ACCRUED INTEREST ON SALE 70,091.79
WALMART INC 4.350% 4/28/30
CUSIP 931142FN8
03/20/26 5,135,000- SOLD 5,187,993.20 5,161,938.92- 26,054.28 WALMART INC 4.350% 4/28/30
CUSIP 931142FN8
AT $101.0320 ON TRADE DATE 03/19/2026
TO SETTLE ON 03/20/2026

TORONTO DOMINION SECURITIES (U
03/20/26 ACCRUED INTEREST ON SALE 88,108.04
WALMART INC 4.350% 4/28/30
CUSIP 931142FN8
================================================================================================================= ENDING BALANCE 0.00 1,257,387,984.34
¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯ ¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
"Principal® I Custody V Solutions
Attachment 3
Department/Item
Source of
Funds
Use of
Funds Explanation
Other Agencies Revenue
(Wildland Deployment
Reimbursements) / Fire
Department
42,303 42,303 This action recognizes Cal OES reimbursements for wildland deployments in 2025 for the TCU
Lightning Complex and appropriates the funding to
the Fire Department to cover the associated costs
(five affirmative Council votes required to
appropriate additional revenue).

Parks and Recreation / Materials,
Services and Supplies
(95,000) This action decreases the Materials, Services, and Supplies budget in the Parks and Recreation
Department based on estimated savings and
transfers the funds to the Vehicle Replacement
Fund for the purchase of two electric small trucks to
support park maintenance operations at Central
Park (majority affirmative Council votes
required).

Transfer to the Vehicle
Replacement Fund
187,170 This action increases the transfer to the Vehicle Replacement Fund by $187,170 to address
increased costs associated with vehicle
replacements for the Fire Department and additions
for the Parks and Recreation Department. The
transfer includes $92,170 for Fire Department
vehicles, including $80,000 to cover higher costs for
the replacement of six Battalion Chief SUV vehicles
and $12,170 to cover the higher cost for the
replacement of one Deputy Fire Chief SUV vehicle.

The action also includes the transfer of $95,000 for
the purchase of two additional compact electric
trucks for the Parks and Recreation Department
(majority affirmative Council votes required).

Unrestricted Ending Fund Balance (92,170) This action decreases the Ending Fund Balance to offset the recommended action above (five
affirmative Council votes required for the use of
unused balances).
42,303 42,303
FY 2025/26 Budget Amendments
General Fund (001)
1 Attachment 3
FY 2025/26 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer from the Cemetery Fund 446,905 This action recognizes a transfer from the Cemetery Fund to establish a new Mission City Memorial
Park Roadway Rehabilitation project (five
affirmative Council votes required to
appropriate additional revenue).

Mission Cemetery Memorial Park
Roadway Rehabilitation Project
503,000 This action establishes a new Mission City
Memorial Park Roadway Rehabilitation project in
the Cemetery Capital Fund and appropriates
$503,000 to repair the asphalt roadways at Mission
City Memorial Park. The existing pavements are
cracked and uneven, creating a safety hazard for
visitors (five affirmative Council votes required
to appropriate additional revenue and for the
use of unused balances).

Unrestricted Ending Fund Balance (56,095) This action decreases the Unrestricted Ending Fund Balance to partially offset the recommended
action above (five affirmative Council votes
required for the use of unused balances).
446,905 446,905
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer to the Cemetery Capital
Fund
446,905 This action establishes a transfer to the Cemetery Capital Fund to fund a new Mission City Memorial
Park Roadway Rehabilitation project to repair the
asphalt roadways at Mission City Memorial Park
(five affirmative Council votes required for the
use of unused balances).

Materials/Services/Supplies (90,000) This action decreases the materials, services, and supplies budget appropriation by $90,000 based on
estimated current fiscal year savings to partially
offset the recommended action above (majority
affirmative Council votes required).

Unrestricted Ending Fund Balance (356,905) This action decreases the Unrestricted Ending Fund Balance to offset the recommended actions
above (five affirmative Council votes required
for the use of unused balances).
- -
Cemetery Fund (093)
Cemetery Capital Fund (593)
2 Attachment 3
FY 2025/26 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Salaries 25,000 This action increases the as-needed budget by $25,000 in the Non-Development CUPA program to
fund an as-needed Office Specialist II position. This
position supports the high volume of CUPAspecific Public Records Act requests, which require substantial staff time for research, review, and
preparation of responsive records (five affirmative
Council votes for the use of unused balances).

Unrestricted Ending Fund Balance (25,000) This action decreases the Unrestricted Ending Fund Balance to offset the action above (five
affirmative Council votes required for the use of
unused balances).
- -
Department/Item
Source of
Funds
Use of
Funds Explanation
Other Agencies Revenue / North
Santa Clara Transit Station
Access and Circulation Study
(New Project)
145,000 171,000 This action increases the Other Agencies Revenue estimate by $145,000 to recognize grant funding
from the FY 2025/26 Transit Oriented Communities
Grant (TOC) program administered by the Santa
Clara Valley Transportation Authority (VTA) and
establishes the North Santa Clara Transit Station
Access and Circulation Study that will complete a
bicycle, pedestrian, and transit access gap analysis
of four Transit-Oriented Community areas in Santa
Clara: Old Ironsides Light Rail Station, Great
America Light Rail Station, Lick Mill Light Rail
Station, and Great America Capital Corridor/ACE
Station. The study will focus on connectivity to
destinations within a 10 minute walk or roll, and 15-
minute bicycle or transit trip (five affirmative
Council votes required to appropriate
additional revenue).

Pedestrian and Bicycle
Enhancement Facilities Project
(26,000) This action decreases the Pedestrian and Bicycle Enhancement Facilities Project by $26,000 for the
new project: North Santa Clara Transit Station
Access and Circulation Study. This amount is for
the local match requirement of the TOC grant
funding of $145,000 (five affirmative Council
votes required to appropriate additional
revenue).
145,000 145,000
Streets and Highways Capital Fund (533)
Fire CUPA Fund (159)
3 Attachment 3
FY 2025/26 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer from the General Fund 187,170 This action increases the transfer from the General Fund to cover increased costs associated with
vehicle replacements for the Fire Department and
vehicle additions for the Parks and Recreation
Department. (five affirmative Council votes are
required to appropriate the additional revenue).

Fire Department / Capital Outlay 92,170 This action appropriates $92,170 to the Capital Outlay budget to cover increased costs associated
with Fire Department vehicle replacements,
including $80,000 for five Battalion Chief vehicles
and $12,170 for one Deputy Fire Chief vehicle.

Ford F-150 trucks will replace the five originally
planned electric Ford Lightning vehicles that were
initially funded through Silicon Valley Power’s
Greenhouse Gas Program. Due to charging
infrastructure limitations at Fire Station 1, the
Department determined that internal combustion
vehicles were more operationally appropriate. The
Department of Public Works Fleet Division
reassigned the electric vehicles (EVs) to other
departments and substituted internal combustion
vehicles for the Fire Department’s use, resulting in
an $80,000 funding shortfall.

Funding for the Deputy Fire Chief vehicle will cover
the increased cost of upgrading the replacement
vehicle from a Ford Fusion Hybrid to a Ford
Interceptor SUV, which is more appropriate for Fire
Department operational needs (five affirmative
Council votes required to appropriate additional
revenue).

Vehicle Replacement Fund (050)
4 Attachment 3
FY 2025/26 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Parks and Recreation Department
/ Capital Outlay
95,000 This action appropriates $95,000 to the Capital
Outlay budget for the purchase of two Vantage
compact electric utility trucks to support the Parks
and Recreation park maintenance fleet. Currently,
the number of Grounds Maintenance Worker I and
II positions exceed the number of available
compact trucks used for regular park maintenance,
resulting in a vehicle shortage. In addition, an
average of two vehicles are out of service at any
given time, reducing the available fleet.

Under the current park maintenance model, each
full-time staff is assigned designated parks or
maintenance routes that require the use of a
vehicle. The addition of these vehicles will improve
operational efficiency and support service demands
associated with the City’s growing park system and
increasing population (five affirmative Council
votes are required to appropriate the additional
revenue).
187,170 187,170
Vehicle Replacement Fund (050) (Cont'd.)
5 City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
26-452 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Action on Approval of the Spending Plan for the Supplemental Law Enforcement Services Fund and the Related Budget Amendment

BACKGROUND
In 1996, the California Legislature established the Citizens’ Option for Public Safety (COPS) program through Assembly Bill 3229, creating the Supplemental Law Enforcement Services Fund (SLESF) to provide additional resources for frontline municipal law enforcement services. The program provides non-competitive, non-matching funding to local law enforcement agencies to support community policing efforts. These are state, not federal, funds.

Under Government Code §§ 30061-30063, COPS funds are allocated annually by the California Department of Finance and distributed through Santa Clara County based on population. The City of Santa Clara is eligible to receive a minimum of $100,000 each year; however, actual allocations vary and are not finalized until the payment cycle is complete.

Monthly distributions are received via wire transfer and the City’s Finance Department deposits these funds into a dedicated account. Because distributions are not received in equal installments, the total amount available may fluctuate throughout the fiscal year.

In recent years, the City of Santa Clara has received COPS funding as follows:

Funding Cycle Minimum Amount to
be Allocated
Projected
Allocation *
Actual Amount
Received **
COPS 2020/21 $100,000 $196,119 $327,071
COPS 2021/22 $100,000 $200,298 $331,035
COPS 2022/23 $100,000 $200,980 $374,141
COPS 2023/24 $100,000 $205,975 $400,959
COPS 2024/25 $100,000 $203,918 $410,969
COPS 2025/26 $100,000 $205,680 $205,680
* California Department of Finance’s initial estimated allocation ** Actual amount received by the Police Department.

The COPS/SLESF allocation does not have any application or other requirements; the monies are transferred to local entities through the County by law (Government Code §§30061-30063) and are to be expended in accordance with the requirements of those code sections. The Government Code contains the following requirements for a recipient agency:

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26-452 Agenda Date: 5/19/2026
· The funds shall be used exclusively for front line law enforcement services · The funds cannot be used to supplant other existing funding sources for general law enforcement services
· The City Council shall appropriate existing and anticipated moneys exclusively to fund frontline municipal police services, in accordance with written requests submitted by the Chief of Police · Moneys in the fund shall not be transferred to, or intermingled with, the moneys in any other fund in the City treasury, except to the extent necessary to facilitate the appropriation and expenditure of those transferred moneys
· Once the appropriation of the funds is made, it cannot be subsequently altered by the City Council
· Administrative overhead costs cannot exceed 0.5% of the City’s allocation · The funds cannot be used for a capital or construction project that does not directly support front line law enforcement services
The City has historically used these funds to support officer safety equipment, communications systems, and other tools directly related to frontline police services.

DISCUSSION
Santa Clara County’s estimated FY 2024/25 COPS allocation was $3,348,985. Based on the January 2024 population estimate of 132,048, the City of Santa Clara’s initial projected allocation was $203,918, representing approximately 6.09% of the countywide allocation and 0.23% of the statewide total (Attachment 1). The City Council previously appropriated that amount on January 14, 2025 (Attachment 2).

On November 6, 2025, the Police Department received an additional $207,051 for the FY 2024/25 COPS program, increasing the total amount received to $410,969.

In accordance with Government Code requirements, these funds will be used exclusively to support frontline municipal law enforcement services and will not supplant existing funding. The requested appropriation authorizes the use of funds for eligible expenditures, including:
· Duty and protective equipment (e.g., helmets, vests, body armor, gas masks, body-worn cameras)
· Barriers (e.g., portable shields, mobile vehicle barriers) · Less-lethal equipment (e.g., conducted energy devices, launchers) · Investigative and surveillance technologies (e.g., video evidence collection devices, trackers, unmanned aerial systems, signal jammers, throwable devices) · Operational support services (e.g., contract for canine training) · Technology and software (e.g., mobile data computers, tablets, operational planning software, digital evidence management systems, crime scene photography and mapping equipment, forensic documentation tools, drones and related software, computer-aided dispatch support equipment, and other field-based operational technology) Many of these items are already deployed in the field and are due for replacement or modernization.

Updated equipment and technology will enhance officer safety, improve operational effectiveness, City of Santa Clara Page 2 of 4 Printed on 5/15/2026
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26-452 Agenda Date: 5/19/2026
and support the Department’s ability to prevent, investigate, and respond to crime. All expenditures will comply with applicable Government Code Requirements, City procurement policies, and Assembly Bill 481, as applicable.

ENVIRONMENTAL REVIEW
This action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(4) in that it is a fiscal activity that does not involve any commitment to any specific project which may result in a potential significant impact on the environment.

FISCAL IMPACT
In September 2024, the City of Santa Clara received official notice from the California Department of Finance that its estimated FY 2024/25 COPS allocation was $203,918. In November 2025, the Police Department received an additional $207,051, bringing the total COPS FY 2024/25 award to $410,969.

The following budget amendment is recommended to recognize and appropriate the additional funds:

Budget Amendment
FY 2025/26
Current
Budget
Increase /
(Decrease)
Revised
Budget
Police Operating Grant Trust Fund
Revenue
Grant Funding $7,058,743 $207,051 $7,265,794
Expenditures
Citizens’ Option for Public Safety 24-25 $37,652 $207,051 $244,703

COORDINATION
This report has been coordinated with the Finance Department, City Attorney’s Office and Police Department.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION
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26-452 Agenda Date: 5/19/2026

1. Approve the spending plan for funds received from the Citizens’ Option for Public Safety Programs Supplemental Law Enforcement Services Fund on the terms presented; and

2. Approve a FY 2025/26 budget amendment in the Police Operating Grant Trust Fund to recognize grant revenue in the amount of $207,051 and increase the Citizens’ Option for Public Safety 24-25 appropriation in the amount of $207,051 (five affirmative Council votes required to appropriate additional revenue) .

Reviewed by: Cory Morgan, Chief of Police
Approved by: Jovan Grogan, City Manager

ATTACHMENTS

1. Letter from the California Department of Finance with Citizens’ Option for Public Safety percentages and allocation

2. RTC 25-974
City of Santa Clara Page 4 of 4 Printed on 5/15/2026
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September 12, 2024
Honorable Malia M. Cohen
State Controller
3301 C Street
Sacramento, CA 95816
Attention: Evelyn Calderon-Yee, Chief
Bureau of Payments, Local Government Programs and Services Division, State Controller’s Office
Dear Controller Cohen:

Pursuant to Government Code section 30029.05, subdivision (e), paragraph (2), the Department of Finance respectfully submits the attached (Attachments I and II) percentages for the 2024-25 allocation of $214,200,000 in Citizens’ Option for Public Safety (COPS) and Juvenile Justice Crime Prevention Act (JJCPA) funds deposited in the Enhancing Law Enforcement Activities Subaccount (ELEAS) in the Law Enforcement Services Account within the Local Revenue Fund 2011.

Pursuant to Government Code section 30061, subdivisions (b) and (g), subsequent to the allocation described in Section 29552, subdivision (d), 47.08727192 percent of the remaining funds deposited in the ELEAS for the COPS (23.54363596 percent) and JJCPA (23.54363596 percent) programs are to be allocated, according to the relative population for each county and city, as follows:
(1) 5.15 percent to county sheriffs for county jail construction and operation ($11,031,300).
(2) 5.15 percent to district attorneys for criminal prosecution ($11,031,300). (3) 50 percent to counties to implement a comprehensive multi-agency juvenile justice plan ($107,100,000).
(4) 39.7 percent to counties and cities for front-line law enforcement ($85,037,400).

Please note that the by-county percentages for the first three allocations above: (1) county jail construction and operation, (2) district attorney criminal prosecution, and (3) multi-agency juvenile justice plans, are specified on Attachment I and the bycounty/city percentages for the fourth allocation, front-line law enforcement, are identified on Attachment II.

Pursuant to Government Code section 30061, subdivision (b), paragraph (3), each law enforcement jurisdiction receiving front-line law enforcement funding is to receive a ~t,IT 0~ ..,. . ,,,..
t ~ "1-
: ,;;,,;;;, i
lll 0 0 ,.,,
_.. DEPARTMENT OF Gavin Newsom ■ Governor ◊,q(,.-o,..,,~ f IN AN CE ___________ 9_1_5_L-St-re_e_t -S_a_c_r_a_m_e_n__o_C_A__9_5_8_1_4_-3__0_6__w_w_w_.d_o_f._c_a_.g_o_v_ 2 minimum grant of $100,000. The percentages included in Attachment II are calculated in a manner that provides for a minimum grant allocation of $100,000 to each law enforcement jurisdiction listed in Attachment II.

Also note that the allocations shown on Attachments I and II may be slightly different from the final allocations made by the State Controller’s Office due to rounding.

If you have any questions, or need additional information, please call Patrick Plant, Staff Finance Budget Analyst, at (916) 445-8913.

Sincerely,

AMY JARVIS
Program Budget Manager
Attachment
cc: Natalie Sidarous, Chief, Local Government Programs and Services Division, State Controller’s Office
Anne Kato, Assistant Chief, Local Government Programs and Services Division, State Controller’s Office
Melma Dizon, Manager, Local Apportionments Section, Local Government Programs and Services Division, State Controller’s Office Mr. Ou Saelee, Supervisor, Local Apportionments Section, Local Government Programs and Services Division, State Controller’s Office Kathleen Howard, Executive Director, Board of State and Community Corrections 2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety and Juvenile Justice Crime Prevention Act Allocations Based on Jan. 1, 2024 Population Estimates
Attachment I
rounded
Co. Jail
Operation
Allocation by
County
Percent of Co.

Jail Operation
Allocation by
County
District
Attorney
Allocation by
County
Percent of District
Attorney Allocation
by County
Juvenile
Justice
Allocation by
County
Percent of
Juvenile Justice
Allocation by
County
Total
Allocation by
County
Percent of Total
Allocation by
County
Net Total
Allocation by
County
Front-line Law
Enforcement
Percent of Net
Total Allocation
by County
Alameda 1,641,869 4.196131165% 4.196131170% 4.19613117% $462,888 4.19613117% $462,888 4.19613117% $4,494,056 4.19613117% $5,419,832 4.19613117% $8,214,706 $2,794,874 3.28664119% Alpine 1,179 0.003013175% 0.003013180% 0.00301318% $332 0.00301318% $332 0.00301318% $3,227 0.00301318% $3,892 0.00301318% $103,892 $100,000 0.11759532% Amador 39,611 0.101233991% 0.101233990% 0.10123399% $11,167 0.10123399% $11,167 0.10123399% $108,422 0.10123399% $130,756 0.10123399% $730,756 $600,000 0.70557190% Butte 205,928 0.526291013% 0.526291010% 0.52629101% $58,057 0.52629101% $58,057 0.52629101% $563,658 0.52629101% $679,771 0.52629101% $1,349,006 $669,235 0.78698904% Calaveras 44,842 0.114602879% 0.114602880% 0.11460288% $12,642 0.11460288% $12,642 0.11460288% $122,740 0.11460288% $148,024 0.11460288% $348,024 $200,000 0.23519063% Colusa 21,743 0.055568672% 0.055568670% 0.05556867% $6,130 0.05556867% $6,130 0.05556867% $59,514 0.05556867% $71,774 0.05556867% $371,774 $300,000 0.35278595% Contra Costa 1,146,626 2.930436651% 2.930436650% 2.93043665% $323,265 2.93043665% $323,265 2.93043665% $3,138,498 2.93043665% $3,785,028 2.93043665% $6,345,188 $2,560,160 3.01062822% Del Norte 26,345 0.067330022% 0.067330020% 0.06733002% $7,427 0.06733002% $7,427 0.06733002% $72,110 0.06733002% $86,965 0.06733002% $286,965 $200,000 0.23519063% El Dorado 188,583 0.481962327% 0.481962330% 0.48196233% $53,167 0.48196233% $53,167 0.48196233% $516,182 0.48196233% $622,515 0.48196233% $1,065,356 $442,841 0.52076041% Fresno 1,017,431 2.600252473% 2.600252470% 2.60025247% $286,842 2.60025247% $286,842 2.60025247% $2,784,870 2.60025247% $3,358,554 2.60025247% $5,942,590 $2,584,036 3.03870523% Glenn 28,736 0.073440710% 0.073440710% 0.07344071% $8,101 0.07344071% $8,101 0.07344071% $78,655 0.07344071% $94,858 0.07344071% $394,858 $300,000 0.35278595% Humboldt 133,100 0.340164202% 0.340164200% 0.34016420% $37,525 0.34016420% $37,525 0.34016420% $364,316 0.34016420% $439,365 0.34016420% $1,247,875 $808,510 0.95076953% Imperial 182,881 0.467389703% 0.467389700% 0.46738970% $51,559 0.46738970% $51,559 0.46738970% $500,574 0.46738970% $603,693 0.46738970% $1,403,693 $800,000 0.94076254% Inyo 18,856 0.048190355% 0.048190350% 0.04819035% $5,316 0.04819035% $5,316 0.04819035% $51,612 0.04819035% $62,244 0.04819035% $262,244 $200,000 0.23519063% Kern 910,300 2.326457348% 2.326457350% 2.32645735% $256,638 2.32645735% $256,638 2.32645735% $2,491,636 2.32645735% $3,004,913 2.32645735% $5,308,878 $2,303,965 2.70935465% Kings 152,627 0.390069434% 0.390069430% 0.39006943% $43,030 0.39006943% $43,030 0.39006943% $417,764 0.39006943% $503,824 0.39006943% $1,003,824 $500,000 0.58797658% Lake 67,001 0.171234723% 0.171234720% 0.17123472% $18,889 0.17123472% $18,889 0.17123472% $183,392 0.17123472% $221,171 0.17123472% $521,171 $300,000 0.35278595% Lassen 28,197 0.072063186% 0.072063190% 0.07206319% $7,950 0.07206319% $7,950 0.07206319% $77,180 0.07206319% $93,079 0.07206319% $293,079 $200,000 0.23519063% Los Angeles 9,824,091 25.107468631% 25.107468630% 25.107468640% $2,769,680 25.10746864% $2,769,680 25.10746864% $26,890,099 25.10746864% $32,429,459 25.10746864% $51,030,128 $18,600,669 21.87351585% Madera 159,328 0.407195206% 0.407195210% 0.40719521% $44,919 0.40719521% $44,919 0.40719521% $436,106 0.40719521% $525,944 0.40719521% $842,756 $316,812 0.37255659% Marin 252,844 0.646194421% 0.646194420% 0.64619442% $71,284 0.64619442% $71,284 0.64619442% $692,074 0.64619442% $834,642 0.64619442% $2,036,826 $1,202,184 1.41371250% Mariposa 16,966 0.043360074% 0.043360070% 0.04336007% $4,783 0.04336007% $4,783 0.04336007% $46,439 0.04336007% $56,005 0.04336007% $156,005 $100,000 0.11759532% Mendocino 89,476 0.228674171% 0.228674170% 0.22867417% $25,226 0.22867417% $25,226 0.22867417% $244,910 0.22867417% $295,362 0.22867417% $795,362 $500,000 0.58797658% Merced 287,303 0.734261425% 0.734261430% 0.73426143% $80,999 0.73426143% $80,999 0.73426143% $786,394 0.73426143% $948,391 0.73426143% $1,730,424 $782,033 0.91963436% Modoc 8,484 0.021682593% 0.021682590% 0.02168259% $2,392 0.02168259% $2,392 0.02168259% $23,222 0.02168259% $28,006 0.02168259% $228,006 $200,000 0.23519063% Mono 12,861 0.032868909% 0.032868910% 0.03286891% $3,626 0.03286891% $3,626 0.03286891% $35,203 0.03286891% $42,454 0.03286891% $242,454 $200,000 0.23519063% Monterey 437,614 1.118411849% 1.118411850% 1.11841185% $123,375 1.11841185% $123,375 1.11841185% $1,197,819 1.11841185% $1,444,570 1.11841185% $2,957,463 $1,512,893 1.77909138% Napa 135,029 0.345094155% 0.345094150% 0.34509415% $38,068 0.34509415% $38,068 0.34509415% $369,596 0.34509415% $445,733 0.34509415% $1,064,910 $619,178 0.72812375% Nevada 100,177 0.256022759% 0.256022760% 0.25602276% $28,243 0.25602276% $28,243 0.25602276% $274,200 0.25602276% $330,686 0.25602276% $733,614 $402,929 0.47382527% Orange 3,150,835 8.052601602% 8.052601600% 8.05260160% $888,307 8.05260160% $888,307 8.05260160% $8,624,336 8.05260160% $10,400,950 8.05260160% $16,048,081 $5,647,131 6.64076202% Placer 412,844 1.055107061% 1.055107060% 1.05510706% $116,392 1.05510706% $116,392 1.05510706% $1,130,020 1.05510706% $1,362,804 1.05510706% $2,284,467 $921,664 1.08383337% Plumas 18,841 0.048152019% 0.048152020% 0.04815202% $5,312 0.04815202% $5,312 0.04815202% $51,571 0.04815202% $62,194 0.04815202% $262,194 $200,000 0.23519063% Riverside 2,442,378 6.241995216% 6.241995220% 6.24199522% $688,573 6.24199522% $688,573 6.24199522% $6,685,177 6.24199522% $8,062,323 6.24199522% $12,624,484 $4,562,160 5.36488688% Sacramento 1,578,938 4.035298157% 4.035298160% 4.03529816% $445,146 4.03529816% $445,146 4.03529816% $4,321,804 4.03529816% $5,212,096 4.03529816% $7,809,399 $2,597,303 3.05430711% San Benito 65,853 0.168300775% 0.168300780% 0.16830078% $18,566 0.16830078% $18,566 0.16830078% $180,250 0.16830078% $217,382 0.16830078% $517,382 $300,000 0.35278595% San Bernardino 2,181,433 5.575097036% 5.575097040% 5.57509704% $615,006 5.57509704% $615,006 5.57509704% $5,970,929 5.57509704% $7,200,940 5.57509704% $11,221,944 $4,021,003 4.72851147% San Diego 3,291,101 8.411079979% 8.411079980% 8.41107998% $927,851 8.41107998% $927,851 8.41107998% $9,008,267 8.41107998% $10,863,970 8.41107998% $16,358,369 $5,494,399 6.46115597% San Francisco 843,071 2.154639924% 2.154639920% 2.15463992% $237,685 2.15463992% $237,685 2.15463992% $2,307,619 2.15463992% $2,782,989 2.15463992% $4,084,918 $1,301,929 1.53100798% San Joaquin 791,408 2.022604588% 2.022604590% 2.02260459% $223,120 2.02260459% $223,120 2.02260459% $2,166,210 2.02260459% $2,612,449 2.02260459% $4,098,568 $1,486,119 1.74760654% San Luis Obispo 278,469 0.711684336% 0.711684340% 0.71168434% $78,508 0.71168434% $78,508 0.71168434% $762,214 0.71168434% $919,230 0.71168434% $1,804,651 $885,421 1.04121306% San Mateo 741,565 1.895220634% 1.895220630% 1.89522063% $209,067 1.89522063% $209,067 1.89522063% $2,029,781 1.89522063% $2,447,916 1.89522063% $4,790,617 $2,342,701 2.75490614% Santa Barbara 443,623 1.133769074% 1.133769070% 1.13376907% $125,069 1.13376907% $125,069 1.13376907% $1,214,267 1.13376907% $1,464,406 1.13376907% $2,582,423 $1,118,018 1.31473646% Santa Clara 1,903,198 4.864010735% 4.864010730% 4.86401073% $536,564 4.86401073% $536,564 4.86401073% $5,209,355 4.86401073% $6,282,483 4.86401073% $9,631,468 $3,348,985 3.93825005% Santa Cruz 262,572 0.671056310% 0.671056310% 0.67105631% $74,026 0.67105631% $74,026 0.67105631% $718,701 0.67105631% $866,754 0.67105631% $1,463,573 $596,819 0.70183093% Shasta 179,195 0.457969378% 0.457969380% 0.45796938% $50,520 0.45796938% $50,520 0.45796938% $490,485 0.45796938% $591,525 0.45796938% $1,035,707 $444,182 0.52233669% Sierra 3,171 0.008104137% 0.008104140% 0.00810414% $894 0.00810414% $894 0.00810414% $8,680 0.00810414% $10,468 0.00810414% $210,468 $200,000 0.23519063% Siskiyou 43,409 0.110940555% 0.110940550% 0.11094055% $12,238 0.11094055% $12,238 0.11094055% $118,817 0.11094055% $143,294 0.11094055% $1,243,294 $1,100,000 1.29354849% Solano 446,426 1.140932712% 1.140932710% 1.14093271% $125,860 1.14093271% $125,860 1.14093271% $1,221,939 1.14093271% $1,473,658 1.14093271% $2,504,995 $1,031,337 1.21280405% Sonoma 478,152 1.222014977% 1.222014980% 1.22201498% $134,804 1.22201498% $134,804 1.22201498% $1,308,778 1.22201498% $1,578,386 1.22201498% $2,850,419 $1,272,032 1.49585056% Stanislaus 548,744 1.402427234% 1.402427230% 1.40242723% $154,706 1.40242723% $154,706 1.40242723% $1,502,000 1.40242723% $1,811,411 1.40242723% $3,125,535 $1,314,124 1.54534806% Sutter 100,110 0.255851527% 0.255851530% 0.25585153% $28,224 0.25585153% $28,224 0.25585153% $274,017 0.25585153% $330,464 0.25585153% $638,959 $308,494 0.36277478% Tehama 64,308 0.164352213% 0.164352210% 0.16435221% $18,130 0.16435221% $18,130 0.16435221% $176,021 0.16435221% $212,282 0.16435221% $612,282 $400,000 0.47038127% Trinity 15,915 0.040674029% 0.040674030% 0.04067403% $4,487 0.04067403% $4,487 0.04067403% $43,562 0.04067403% $52,536 0.04067403% $152,536 $100,000 0.11759532% Tulare 478,918 1.223972647% 1.223972650% 1.22397265% $135,020 1.22397265% $135,020 1.22397265% $1,310,875 1.22397265% $1,580,915 1.22397265% $2,720,789 $1,139,874 1.34043815% Tuolumne 54,407 0.139048187% 0.139048190% 0.13904819% $15,339 0.13904819% $15,339 0.13904819% $148,921 0.13904819% $179,598 0.13904819% $379,598 $200,000 0.23519063% Ventura 823,863 2.105549962% 2.105549960% 2.10554996% $232,270 2.10554996% $232,270 2.10554996% $2,255,044 2.10554996% $2,719,583 2.10554996% $4,318,924 $1,599,341 1.88075036% Yolo 221,666 0.566512682% 0.566512680% 0.56651268% $62,494 0.56651268% $62,494 0.56651268% $606,735 0.56651268% $731,723 0.56651268% $1,232,183 $500,461 0.58851864% Yuba 83,721 0.213966094% 0.213966090% 0.21396609% $23,603 0.21396609% $23,603 0.21396609% $229,158 0.21396609% $276,364 0.21396609% $579,948 $303,583 0.35699994% Total 39,128,162 100.00000000% 99.99999999% 100.00000000% $11,031,300 100.00000000% $11,031,300 100.00000000% $107,100,000 100.00000000% $129,162,600 100.00000000% $214,200,000 $85,037,400 100.00000000% *Note that the COPS Front-line Law Enforcement breakdown by county and city for SCO distribution is provided in Attachment II.

COUNTY
1/1/2024
Population by
County
Percent of 1/1/2024
Population by County
Percent of 1/1/2024
Population by County
COPS (Excluding Front-line Enforcement)*

5.15%
11,031,300 11,031,300 107,100,000 129,162,600
Total

5.15%
JJCPA Net Total (Including Front-line Enforcemnet)
100.00%
214,200,000

50.00% 60.30%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Alameda 1,641,869 $2,794,874 3.28664121%
Alameda 78,071 $120,563 0.14177611%
Albany 20,325 $100,000 0.11759532%
Berkeley 125,327 $193,539 0.22759250%
Dublin 72,917 $112,604 0.13241650%
Emeryville 13,314 $100,000 0.11759532%
Fremont 229,250 $354,024 0.41631556%
Hayward 159,770 $246,728 0.29014062%
Livermore 84,828 $130,997 0.15404675%
Newark 46,635 $100,000 0.11759532%
Oakland 425,093 $656,458 0.77196437%
Piedmont 10,782 $100,000 0.11759532%
Pleasanton 75,960 $117,303 0.13794255%
San Leandro 87,098 $134,503 0.15816904%
Union City 66,432 $102,589 0.12063981%
Unincorporated 146,067 $225,567 0.26525612%
Alpine 1,179 $100,000 0.11759532%
Amador 39,611 $600,000 0.70557192%
Amador 193 $100,000 0.11759532%
Ione 8,856 $100,000 0.11759532%
Jackson 4,867 $100,000 0.11759532%
Plymouth 1,061 $100,000 0.11759532%
Sutter Creek 2,553 $100,000 0.11759532%
Unincorporated 22,081 $100,000 0.11759532%
Butte 205,928 $669,235 0.78698906%
Biggs 1,853 $100,000 0.11759532%
Chico 109,589 $169,235 0.19901246%
Gridley 6,935 $100,000 0.11759532%
Oroville 18,129 $100,000 0.11759532%
Paradise 10,691 $100,000 0.11759532%
Unincorporated 58,731 $100,000 0.11759532%
Calaveras 44,842 $200,000 0.23519064%
Angels City 3,587 $100,000 0.11759532%
Unincorporated 41,255 $100,000 0.11759532%
Colusa 21,743 $300,000 0.35278596%
Colusa 6,447 $100,000 0.11759532%
Williams 5,528 $100,000 0.11759532%
Unincorporated 9,768 $100,000 0.11759532%
Contra Costa 1,146,626 $2,560,160 3.01062825%
Antioch 115,632 $178,567 0.20998648%
Brentwood 64,811 $100,086 0.11769609%
Clayton 10,683 $100,000 0.11759532%
Concord 121,513 $187,649 0.22066632%
Danville 42,567 $100,000 0.11759532%
El Cerrito 25,700 $100,000 0.11759532%
Hercules 26,063 $100,000 0.11759532%
Lafayette 24,808 $100,000 0.11759532%
Martinez 36,439 $100,000 0.11759532%
Moraga 16,784 $100,000 0.11759532%
Oakley 45,736 $100,000 0.11759532%
Orinda 19,191 $100,000 0.11759532%
Pinole 18,192 $100,000 0.11759532%
Pittsburg 75,085 $115,952 0.13635356%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Pleasant Hill 33,352 $100,000 0.11759532%
Richmond 112,735 $174,093 0.20472556%
San Pablo 31,088 $100,000 0.11759532%
San Ramon 82,525 $127,441 0.14986452%
Walnut Creek 69,433 $107,223 0.12608959%
Unincorporated 174,289 $269,149 0.31650697%
Kensington Police Department 0 $100,000 0.11759532%
Del Norte 26,345 $200,000 0.23519064%
Crescent City 5,564 $100,000 0.11759532%
Unincorporated 20,781 $100,000 0.11759532%
El Dorado 188,583 $442,841 0.52076042%
Placerville 10,540 $100,000 0.11759532%
South Lake Tahoe 20,790 $100,000 0.11759532%
Unincorporated 157,253 $242,841 0.28556978%
Fresno 1,017,431 $2,584,036 3.03870527%
Clovis 126,133 $194,783 0.22905619%
Coalinga 17,107 $100,000 0.11759532%
Firebaugh 8,415 $100,000 0.11759532%
Fowler 7,367 $100,000 0.11759532%
Fresno 546,971 $844,671 0.99329352%
Huron 6,348 $100,000 0.11759532%
Kerman 17,256 $100,000 0.11759532%
Kingsburg 13,042 $100,000 0.11759532%
Mendota 12,531 $100,000 0.11759532%
Orange Cove 9,516 $100,000 0.11759532%
Parlier 14,368 $100,000 0.11759532%
Reedley 25,653 $100,000 0.11759532%
Sanger 26,357 $100,000 0.11759532%
San Joaquin 3,616 $100,000 0.11759532%
Selma 24,371 $100,000 0.11759532%
Unincorporated 158,380 $244,582 0.28761640%
Glenn 28,736 $300,000 0.35278596%
Orland 8,537 $100,000 0.11759532%
Willows 6,321 $100,000 0.11759532%
Unincorporated 13,878 $100,000 0.11759532%
Humboldt 133,100 $808,510 0.95076955%
Arcata 18,540 $100,000 0.11759532%
Blue Lake 1,149 $100,000 0.11759532%
Eureka 26,073 $100,000 0.11759532%
Ferndale 1,356 $100,000 0.11759532%
Fortuna 12,181 $100,000 0.11759532%
Rio Dell 3,241 $100,000 0.11759532%
Trinidad 294 $100,000 0.11759532%
Unincorporated 70,266 $108,510 0.12760231%
Imperial 182,881 $800,000 0.94076256%
Brawley 28,345 $100,000 0.11759532%
Calexico 39,262 $100,000 0.11759532%
Calipatria 6,342 $100,000 0.11759532%
El Centro 44,952 $100,000 0.11759532%
Holtville 5,583 $100,000 0.11759532%
Imperial 22,141 $100,000 0.11759532%
Westmorland 2,050 $100,000 0.11759532%
Unincorporated 34,206 $100,000 0.11759532%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Inyo 18,856 $200,000 0.23519064%
Bishop 3,848 $100,000 0.11759532%
Unincorporated 15,008 $100,000 0.11759532%
Kern 910,300 $2,303,965 2.70935469%
Arvin 19,651 $100,000 0.11759532%
Bakersfield 411,109 $634,863 0.74656957%
California City 13,079 $100,000 0.11759532%
Delano 52,484 $100,000 0.11759532%
Maricopa 1,004 $100,000 0.11759532%
McFarland 13,965 $100,000 0.11759532%
Ridgecrest 27,940 $100,000 0.11759532%
Shafter 22,226 $100,000 0.11759532%
Taft 6,953 $100,000 0.11759532%
Tehachapi 11,092 $100,000 0.11759532%
Wasco 27,028 $100,000 0.11759532%
Unincorporated 303,769 $469,101 0.55164128%
Bear Valley Community Services District 0 $100,000 0.11759532% Stallion Springs Community Services District 0 $100,000 0.11759532% Kings 152,627 $500,000 0.58797660%
Avenal 13,981 $100,000 0.11759532%
Corcoran 21,633 $100,000 0.11759532%
Hanford 59,286 $100,000 0.11759532%
Lemoore 26,855 $100,000 0.11759532%
Unincorporated 30,872 $100,000 0.11759532%
Lake 67,001 $300,000 0.35278596%
Clearlake 16,553 $100,000 0.11759532%
Lakeport 4,982 $100,000 0.11759532%
Unincorporated 45,466 $100,000 0.11759532%
Lassen 28,197 $200,000 0.23519064%
Susanville 11,639 $100,000 0.11759532%
Unincorporated 16,558 $100,000 0.11759532%
Los Angeles 9,824,091 $18,600,669 21.87351489%
Agoura Hills 19,841 $100,000 0.11759532%
Alhambra 81,811 $126,338 0.14856791%
Arcadia 55,783 $100,000 0.11759532%
Artesia 16,019 $100,000 0.11759532%
Avalon 3,313 $100,000 0.11759532%
Azusa 49,420 $100,000 0.11759532%
Baldwin Park 70,660 $109,118 0.12831781%
Bell 33,301 $100,000 0.11759532%
Bellflower 76,990 $118,893 0.13981302%
Bell Gardens 38,381 $100,000 0.11759532%
Beverly Hills 31,806 $100,000 0.11759532%
Bradbury 898 $100,000 0.11759532%
Burbank 105,603 $163,080 0.19177393%
Calabasas 22,742 $100,000 0.11759532%
Carson 91,924 $141,955 0.16693301%
Cerritos 47,806 $100,000 0.11759532%
Claremont 37,686 $100,000 0.11759532%
Commerce 12,124 $100,000 0.11759532%
Compton 93,671 $144,653 0.17010554%
Covina 50,485 $100,000 0.11759532%
Cudahy 22,210 $100,000 0.11759532%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Culver City 40,213 $100,000 0.11759532%
Diamond Bar 53,335 $100,000 0.11759532%
Downey 111,493 $172,175 0.20247010%
Duarte 23,656 $100,000 0.11759532%
El Monte 106,786 $164,906 0.19392224%
El Segundo 16,964 $100,000 0.11759532%
Gardena 60,028 $100,000 0.11759532%
Glendale 191,586 $295,861 0.34791814%
Glendora 51,209 $100,000 0.11759532%
Hawaiian Gardens 13,560 $100,000 0.11759532%
Hawthorne 85,566 $132,137 0.15538695%
Hermosa Beach 19,088 $100,000 0.11759532%
Hidden Hills 1,727 $100,000 0.11759532%
Huntington Park 53,219 $100,000 0.11759532%
Industry 426 $100,000 0.11759532%
Inglewood 106,065 $163,793 0.19261291%
Irwindale 1,499 $100,000 0.11759532%
La Canada Flintridge 20,048 $100,000 0.11759532%
La Habra Heights 5,488 $100,000 0.11759532%
Lakewood 80,162 $123,792 0.14557334%
La Mirada 48,077 $100,000 0.11759532%
Lancaster 172,631 $266,589 0.31349606%
La Puente 37,459 $100,000 0.11759532%
La Verne 31,697 $100,000 0.11759532%
Lawndale 30,855 $100,000 0.11759532%
Lomita 20,320 $100,000 0.11759532%
Long Beach 458,813 $708,531 0.83319953%
Los Angeles 3,814,318 $5,890,337 6.92675979%
Lynwood 66,271 $102,340 0.12034743%
Malibu 10,621 $100,000 0.11759532%
Manhattan Beach 34,195 $100,000 0.11759532%
Maywood 24,451 $100,000 0.11759532%
Monrovia 38,087 $100,000 0.11759532%
Montebello 61,930 $100,000 0.11759532%
Monterey Park 59,347 $100,000 0.11759532%
Norwalk 101,172 $156,237 0.18372728%
Palmdale 166,055 $256,434 0.30155412%
Palos Verdes Estates 12,974 $100,000 0.11759532%
Paramount 52,153 $100,000 0.11759532%
Pasadena 139,692 $215,722 0.25367919%
Pico Rivera 60,820 $100,000 0.11759532%
Pomona 152,166 $234,985 0.27633184%
Rancho Palos Verdes 40,919 $100,000 0.11759532%
Redondo Beach 68,239 $105,379 0.12392130%
Rolling Hills 1,677 $100,000 0.11759532%
Rolling Hills Estates 8,534 $100,000 0.11759532%
Rosemead 50,541 $100,000 0.11759532%
San Dimas 33,920 $100,000 0.11759532%
San Fernando 23,643 $100,000 0.11759532%
San Gabriel 38,613 $100,000 0.11759532%
San Marino 12,379 $100,000 0.11759532%
Santa Clarita 230,428 $355,843 0.41845480%
Santa Fe Springs 18,640 $100,000 0.11759532%
Santa Monica 92,912 $143,481 0.16872720%
Sierra Madre 10,909 $100,000 0.11759532%
Signal Hill 11,448 $100,000 0.11759532%
South El Monte 19,441 $100,000 0.11759532%
South Gate 92,729 $143,199 0.16839488%
South Pasadena 26,270 $100,000 0.11759532%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Temple City 35,975 $100,000 0.11759532%
Torrance 142,910 $220,692 0.25952304%
Vernon 205 $100,000 0.11759532%
Walnut 27,867 $100,000 0.11759532%
West Covina 109,105 $168,488 0.19813352%
West Hollywood 35,075 $100,000 0.11759532%
Westlake Village 7,902 $100,000 0.11759532%
Whittier 87,527 $135,165 0.15894810%
Unincorporated 997,587 $1,540,544 1.81160739%
Madera 159,328 $316,812 0.37255659%
Chowchilla 18,930 $100,000 0.11759532%
Madera 66,560 $102,787 0.12087225%
Unincorporated 73,838 $114,026 0.13408902%
Marin 252,844 $1,202,184 1.41371254%
Belvedere 2,043 $100,000 0.11759532%
Corte Madera 9,882 $100,000 0.11759532%
Fairfax 7,371 $100,000 0.11759532%
Larkspur 12,655 $100,000 0.11759532%
Mill Valley 13,635 $100,000 0.11759532%
Novato 51,140 $100,000 0.11759532%
Ross 2,272 $100,000 0.11759532%
San Anselmo 12,426 $100,000 0.11759532%
San Rafael 59,585 $100,000 0.11759532%
Sausalito 6,856 $100,000 0.11759532%
Tiburon 8,809 $100,000 0.11759532%
Unincorporated 66,170 $102,184 0.12016402%
Mariposa 16,966 $100,000 0.11759532%
Mendocino 89,476 $500,000 0.58797660%
Fort Bragg 7,179 $100,000 0.11759532%
Point Arena 445 $100,000 0.11759532%
Ukiah 16,108 $100,000 0.11759532%
Willits 4,830 $100,000 0.11759532%
Unincorporated 60,914 $100,000 0.11759532%
Merced 287,303 $782,033 0.91963438%
Atwater 31,397 $100,000 0.11759532%
Dos Palos 5,633 $100,000 0.11759532%
Gustine 5,936 $100,000 0.11759532%
Livingston 14,286 $100,000 0.11759532%
Los Banos 47,419 $100,000 0.11759532%
Merced 91,837 $141,821 0.16677502%
Unincorporated 90,795 $140,212 0.16488276%
Modoc 8,484 $200,000 0.23519064%
Alturas 2,659 $100,000 0.11759532%
Unincorporated 5,825 $100,000 0.11759532%
Mono 12,861 $200,000 0.23519064%
Mammoth Lakes 7,110 $100,000 0.11759532%
Unincorporated 5,751 $100,000 0.11759532%
Monterey 437,614 $1,512,893 1.77909141%
Carmel-by-the-Sea 3,122 $100,000 0.11759532%
Del Rey Oaks 1,569 $100,000 0.11759532%
Gonzales 8,466 $100,000 0.11759532%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Greenfield 20,561 $100,000 0.11759532%
King City 14,216 $100,000 0.11759532%
Marina 22,695 $100,000 0.11759532%
Monterey 27,106 $100,000 0.11759532%
Pacific Grove 14,966 $100,000 0.11759532%
Salinas 162,037 $250,229 0.29425747%
Sand City 379 $100,000 0.11759532%
Seaside 30,197 $100,000 0.11759532%
Soledad 26,966 $100,000 0.11759532%
Unincorporated 105,334 $162,664 0.19128542%
Napa 135,029 $619,178 0.72812376%
American Canyon 21,758 $100,000 0.11759532%
Calistoga 5,142 $100,000 0.11759532%
Napa 77,174 $119,178 0.14014716%
St Helena 5,314 $100,000 0.11759532%
Yountville 2,781 $100,000 0.11759532%
Unincorporated 22,860 $100,000 0.11759532%
Nevada 100,177 $402,929 0.47382528%
Grass Valley 13,400 $100,000 0.11759532%
Nevada City 3,347 $100,000 0.11759532%
Truckee 16,778 $100,000 0.11759532%
Unincorporated 66,652 $102,929 0.12103932%
Orange 3,150,835 $5,647,131 6.64076208%
Aliso Viejo 50,068 $100,000 0.11759532%
Anaheim 340,160 $525,299 0.61772694%
Brea 47,725 $100,000 0.11759532%
Buena Park 82,689 $127,694 0.15016235%
Costa Mesa 109,423 $168,979 0.19871101%
Cypress 49,345 $100,000 0.11759532%
Dana Point 32,596 $100,000 0.11759532%
Fountain Valley 56,333 $100,000 0.11759532%
Fullerton 140,311 $216,678 0.25480328%
Garden Grove 171,024 $264,107 0.31057777%
Huntington Beach 192,503 $297,277 0.34958340%
Irvine 314,550 $485,750 0.57121946%
Laguna Beach 22,449 $100,000 0.11759532%
Laguna Hills 30,315 $100,000 0.11759532%
Laguna Niguel 64,291 $100,000 0.11759532%
Laguna Woods 17,148 $100,000 0.11759532%
La Habra 60,901 $100,000 0.11759532%
Lake Forest 86,917 $134,223 0.15784035%
La Palma 15,071 $100,000 0.11759532%
Los Alamitos 11,947 $100,000 0.11759532%
Mission Viejo 91,304 $140,998 0.16580709%
Newport Beach 82,419 $127,277 0.14967203%
Orange 138,621 $214,068 0.25173426%
Placentia 52,226 $100,000 0.11759532%
Rancho Santa Margarita 46,305 $100,000 0.11759532%
San Clemente 62,297 $100,000 0.11759532%
San Juan Capistrano 34,992 $100,000 0.11759532%
Santa Ana 310,797 $479,955 0.56440405%
Seal Beach 24,350 $100,000 0.11759532%
Stanton 40,297 $100,000 0.11759532%
Tustin 78,844 $121,756 0.14317987%
Villa Park 5,705 $100,000 0.11759532%
Westminster 89,490 $138,197 0.16251289%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Yorba Linda 66,087 $102,056 0.12001329%
Unincorporated 131,335 $202,817 0.23850296%
Placer 412,844 $921,664 1.08383338%
Auburn 13,218 $100,000 0.11759532%
Colfax 1,988 $100,000 0.11759532%
Lincoln 53,231 $100,000 0.11759532%
Loomis 6,601 $100,000 0.11759532%
Rocklin 71,609 $110,584 0.13004118%
Roseville 154,329 $238,326 0.28025982%
Unincorporated 111,868 $172,754 0.20315110%
Plumas 18,841 $200,000 0.23519064%
Portola 2,075 $100,000 0.11759532%
Unincorporated 16,766 $100,000 0.11759532%
Riverside 2,442,378 $4,562,160 5.36488691%
Banning 31,213 $100,000 0.11759532%
Beaumont 57,416 $100,000 0.11759532%
Blythe 17,378 $100,000 0.11759532%
Calimesa 10,867 $100,000 0.11759532%
Canyon Lake 10,832 $100,000 0.11759532%
Cathedral City 50,911 $100,000 0.11759532%
Coachella 43,173 $100,000 0.11759532%
Corona 156,615 $241,856 0.28441118%
Desert Hot Springs 32,654 $100,000 0.11759532%
Eastvale 68,884 $106,376 0.12509261%
Hemet 89,663 $138,464 0.16282706%
Indian Wells 4,797 $100,000 0.11759532%
Indio 90,680 $140,034 0.16467392%
Jurupa Valley 104,721 $161,718 0.19017222%
Lake Elsinore 71,452 $110,341 0.12975607%
La Quinta 38,370 $100,000 0.11759532%
Menifee 111,560 $172,279 0.20259177%
Moreno Valley 207,146 $319,889 0.37617493%
Murrieta 109,177 $168,599 0.19826427%
Norco 25,068 $100,000 0.11759532%
Palm Desert 50,889 $100,000 0.11759532%
Palm Springs 43,791 $100,000 0.11759532%
Perris 79,311 $122,478 0.14402793%
Rancho Mirage 16,992 $100,000 0.11759532%
Riverside 316,690 $489,055 0.57510567%
San Jacinto 53,538 $100,000 0.11759532%
Temecula 108,700 $167,862 0.19739804%
Wildomar 36,327 $100,000 0.11759532%
Unincorporated 403,563 $623,210 0.73286612%
Sacramento 1,578,938 $2,597,303 3.05430711%
Citrus Heights 85,554 $132,118 0.15536515%
Elk Grove 178,679 $275,929 0.32447917%
Folsom 88,023 $135,931 0.15984883%
Galt 25,785 $100,000 0.11759532%
Isleton 767 $100,000 0.11759532%
Rancho Cordova 82,109 $126,798 0.14910907%
Sacramento 520,407 $803,649 0.94505358%
Unincorporated 597,614 $922,877 1.08526067%
San Benito 65,853 $300,000 0.35278596%
Hollister 42,872 $100,000 0.11759532%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
San Juan Bautista 2,032 $100,000 0.11759532%
Unincorporated 20,949 $100,000 0.11759532%
San Bernardino 2,181,433 $4,021,003 4.72851150%
Adelanto 36,131 $100,000 0.11759532%
Apple Valley 74,322 $114,773 0.13496796%
Barstow 24,669 $100,000 0.11759532%
Big Bear Lake 4,958 $100,000 0.11759532%
Chino 92,585 $142,976 0.16813338%
Chino Hills 76,414 $118,004 0.13876701%
Colton 52,778 $100,000 0.11759532%
Fontana 214,223 $330,818 0.38902669%
Grand Terrace 12,771 $100,000 0.11759532%
Hesperia 100,087 $154,561 0.18175693%
Highland 55,676 $100,000 0.11759532%
Loma Linda 24,965 $100,000 0.11759532%
Montclair 37,211 $100,000 0.11759532%
Needles 4,769 $100,000 0.11759532%
Ontario 181,224 $279,859 0.32910086%
Rancho Cucamonga 173,316 $267,647 0.31474001%
Redlands 72,696 $112,262 0.13201516%
Rialto 103,097 $159,210 0.18722306%
San Bernardino 226,541 $349,841 0.41139605%
Twentynine Palms 25,346 $100,000 0.11759532%
Upland 78,285 $120,893 0.14216473%
Victorville 138,202 $213,421 0.25097336%
Yucaipa 53,810 $100,000 0.11759532%
Yucca Valley 21,594 $100,000 0.11759532%
Unincorporated 295,763 $456,738 0.53710246%
San Diego 3,291,101 $5,494,399 6.46115601%
Carlsbad 114,319 $176,539 0.20760209%
Chula Vista 278,247 $429,689 0.50529359%
Coronado 21,589 $100,000 0.11759532%
Del Mar 3,919 $100,000 0.11759532%
El Cajon 104,180 $160,882 0.18918977%
Encinitas 61,028 $100,000 0.11759532%
Escondido 150,002 $231,644 0.27240204%
Imperial Beach 26,096 $100,000 0.11759532%
La Mesa 60,620 $100,000 0.11759532%
Lemon Grove 27,568 $100,000 0.11759532%
National City 58,555 $100,000 0.11759532%
Oceanside 171,483 $264,816 0.31141131%
Poway 49,273 $100,000 0.11759532%
San Diego 1,385,379 $2,139,399 2.51583354%
San Marcos 95,998 $148,247 0.17433135%
Santee 59,195 $100,000 0.11759532%
Solana Beach 12,887 $100,000 0.11759532%
Vista 99,723 $153,999 0.18109591%
Unincorporated 511,040 $789,184 0.92804321%
San Francisco 843,071 $1,301,929 1.53100798%
San Joaquin 791,408 $1,486,119 1.74760657%
Escalon 7,249 $100,000 0.11759532%
Lathrop 37,033 $100,000 0.11759532%
Lodi 66,492 $102,682 0.12074877%
Manteca 90,917 $140,400 0.16510431%
Ripon 15,741 $100,000 0.11759532%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Stockton 317,204 $489,849 0.57603909%
Tracy 96,609 $149,190 0.17544092%
Mountain House 28,063 $100,000 0.11759532%
Unincorporated 132,100 $203,998 0.23989220%
San Luis Obispo 278,469 $885,421 1.04121308%
Arroyo Grande 17,941 $100,000 0.11759532%
Atascadero 30,279 $100,000 0.11759532%
El Paso de Robles 30,907 $100,000 0.11759532%
Grover Beach 12,481 $100,000 0.11759532%
Morro Bay 10,261 $100,000 0.11759532%
Pismo Beach 7,846 $100,000 0.11759532%
San Luis Obispo 48,684 $100,000 0.11759532%
Unincorporated 120,070 $185,421 0.21804584%
San Mateo 741,565 $2,342,701 2.75490620%
Atherton 6,976 $100,000 0.11759532%
Belmont 26,931 $100,000 0.11759532%
Brisbane 4,661 $100,000 0.11759532%
Burlingame 30,513 $100,000 0.11759532%
Colma 1,410 $100,000 0.11759532%
Daly City 101,458 $156,679 0.18424665%
East Palo Alto 29,078 $100,000 0.11759532%
Foster City 32,581 $100,000 0.11759532%
Half Moon Bay 11,238 $100,000 0.11759532%
Hillsborough 11,116 $100,000 0.11759532%
Menlo Park 33,140 $100,000 0.11759532%
Millbrae 23,093 $100,000 0.11759532%
Pacifica 37,062 $100,000 0.11759532%
Portola Valley 4,249 $100,000 0.11759532%
Redwood City 81,863 $126,419 0.14866234%
San Bruno 42,152 $100,000 0.11759532%
San Carlos 29,420 $100,000 0.11759532%
San Mateo 103,352 $159,603 0.18768613%
South San Francisco 64,601 $100,000 0.11759532%
Woodside 5,133 $100,000 0.11759532%
Unincorporated 61,538 $100,000 0.11759532%
Broadmoor Police Protection District 0 $100,000 0.11759532% Santa Barbara 443,623 $1,118,018 1.31473647%
Buellton 4,970 $100,000 0.11759532%
Carpinteria 12,744 $100,000 0.11759532%
Goleta 32,515 $100,000 0.11759532%
Guadalupe 8,676 $100,000 0.11759532%
Lompoc 43,610 $100,000 0.11759532%
Santa Barbara 85,679 $132,312 0.15559215%
Santa Maria 110,608 $170,809 0.20086295%
Solvang 5,663 $100,000 0.11759532%
Unincorporated 139,158 $214,898 0.25270945%
Santa Clara 1,903,198 $3,348,985 3.93825007%
Campbell 43,095 $100,000 0.11759532%
Cupertino 59,471 $100,000 0.11759532%
Gilroy 61,033 $100,000 0.11759532%
Los Altos 31,255 $100,000 0.11759532%
Los Altos Hills 8,476 $100,000 0.11759532%
Los Gatos 33,230 $100,000 0.11759532%
Milpitas 81,773 $126,280 0.14849890%
Monte Sereno 3,582 $100,000 0.11759532%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Morgan Hill 46,384 $100,000 0.11759532%
Mountain View 86,535 $133,633 0.15714664%
Palo Alto 67,973 $104,969 0.12343825%
San Jose 969,491 $1,497,156 1.76058535%
Santa Clara 132,048 $203,918 0.23979776%
Saratoga 30,819 $100,000 0.11759532%
Sunnyvale 157,566 $243,324 0.28613818%
Unincorporated 90,467 $139,705 0.16428711%
Santa Cruz 262,572 $596,819 0.70183094%
Capitola 9,497 $100,000 0.11759532%
Santa Cruz 62,776 $100,000 0.11759532%
Scotts Valley 11,816 $100,000 0.11759532%
Watsonville 51,032 $100,000 0.11759532%
Unincorporated 127,451 $196,819 0.23144966%
Shasta 179,195 $444,182 0.52233669%
Anderson 10,943 $100,000 0.11759532%
Redding 92,446 $142,762 0.16788095%
Shasta Lake 10,131 $100,000 0.11759532%
Unincorporated 65,675 $101,420 0.11926510%
Sierra 3,171 $200,000 0.23519064%
Loyalton 724 $100,000 0.11759532%
Unincorporated 2,447 $100,000 0.11759532%
Siskiyou 43,409 $1,100,000 1.29354852%
Dorris 836 $100,000 0.11759532%
Dunsmuir 1,651 $100,000 0.11759532%
Etna 665 $100,000 0.11759532%
Fort Jones 674 $100,000 0.11759532%
Montague 1,199 $100,000 0.11759532%
Mount Shasta 3,203 $100,000 0.11759532%
Tulelake 870 $100,000 0.11759532%
Weed 2,710 $100,000 0.11759532%
Yreka 7,805 $100,000 0.11759532%
Unincorporated 23,796 $100,000 0.11759532%
Lake Shastina Community Services District 0 $100,000 0.11759532% Solano 446,426 $1,031,337 1.21280407%
Benicia 26,033 $100,000 0.11759532%
Dixon 19,403 $100,000 0.11759532%
Fairfield 120,339 $185,836 0.21853435%
Rio Vista 10,004 $100,000 0.11759532%
Suisun City 28,840 $100,000 0.11759532%
Vacaville 102,173 $157,783 0.18554508%
Vallejo 121,558 $187,718 0.22074804%
Unincorporated 18,076 $100,000 0.11759532%
Sonoma 478,152 $1,272,032 1.49585058%
Cloverdale 8,710 $100,000 0.11759532%
Cotati 7,303 $100,000 0.11759532%
Healdsburg 10,985 $100,000 0.11759532%
Petaluma 58,445 $100,000 0.11759532%
Rohnert Park 43,821 $100,000 0.11759532%
Santa Rosa 174,890 $270,077 0.31759838%
Sebastopol 7,295 $100,000 0.11759532%
Sonoma 10,532 $100,000 0.11759532%
Windsor 25,394 $100,000 0.11759532%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Unincorporated 130,777 $201,955 0.23748964%
Stanislaus 548,744 $1,314,124 1.54534808%
Ceres 49,319 $100,000 0.11759532%
Hughson 7,711 $100,000 0.11759532%
Modesto 217,862 $336,438 0.39563508%
Newman 12,121 $100,000 0.11759532%
Oakdale 23,008 $100,000 0.11759532%
Patterson 24,790 $100,000 0.11759532%
Riverbank 25,006 $100,000 0.11759532%
Turlock 71,273 $110,065 0.12943101%
Waterford 9,110 $100,000 0.11759532%
Unincorporated 108,544 $167,621 0.19711475%
Sutter 100,110 $308,494 0.36277479%
Live Oak 9,668 $100,000 0.11759532%
Yuba City 70,256 $108,494 0.12758415%
Unincorporated 20,186 $100,000 0.11759532%
Tehama 64,308 $400,000 0.47038128%
Corning 8,076 $100,000 0.11759532%
Red Bluff 14,300 $100,000 0.11759532%
Tehama 422 $100,000 0.11759532%
Unincorporated 41,510 $100,000 0.11759532%
Trinity 15,915 $100,000 0.11759532%
Tulare 478,918 $1,139,874 1.34043818%
Dinuba 25,573 $100,000 0.11759532%
Exeter 10,179 $100,000 0.11759532%
Farmersville 10,327 $100,000 0.11759532%
Lindsay 12,594 $100,000 0.11759532%
Porterville 62,934 $100,000 0.11759532%
Tulare 70,799 $109,333 0.12857023%
Visalia 144,532 $223,196 0.26246858%
Woodlake 7,713 $100,000 0.11759532%
Unincorporated 134,267 $207,345 0.24382745%
Tuolumne 54,407 $200,000 0.23519064%
Sonora 5,132 $100,000 0.11759532%
Unincorporated 49,275 $100,000 0.11759532%
Ventura 823,863 $1,599,341 1.88075038%
Camarillo 69,014 $106,576 0.12532869%
Fillmore 17,061 $100,000 0.11759532%
Moorpark 35,114 $100,000 0.11759532%
Ojai 7,533 $100,000 0.11759532%
Oxnard 197,536 $305,049 0.35872328%
Port Hueneme 20,916 $100,000 0.11759532%
San Buenaventura 107,569 $166,116 0.19534416%
Santa Paula 31,355 $100,000 0.11759532%
Simi Valley 124,029 $191,534 0.22523535%
Thousand Oaks 122,643 $189,394 0.22271838%
Unincorporated 91,093 $140,672 0.16542392%
Yolo 221,666 $500,461 0.58851865%
Davis 65,054 $100,461 0.11813737%
West Sacramento 54,278 $100,000 0.11759532%
Winters 7,587 $100,000 0.11759532%
2024-25 Enhancing Law Enforcement Activities Subaccount Citizens' Option for Public Safety
Front-line Law Enforcement Allocation for 2024-25

ATTACHMENT II
City/County
City/County
Population Estimates
1/1/2024
Projected Allocations by
City/County
Percent of Allocation by
City/County
Woodland 60,672 $100,000 0.11759532%
Unincorporated 34,075 $100,000 0.11759532%
Yuba 83,721 $303,583 0.35699994%
Marysville 12,752 $100,000 0.11759532%
Wheatland 3,893 $100,000 0.11759532%
Unincorporated 67,076 $103,583 0.12180930%
CALIFORNIA TOTAL 39,128,162 $85,037,400 100.00000000%
CALIFORNIA CITY TOTAL 32,834,405 $73,387,657 86.30044797% City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
25-974 Agenda Date: 1/14/2025

REPORT TO CITY COUNCIL

SUBJECT
Action on Approval of the Spending Plan for the Supplemental Law Enforcement Services Fund and the Related Budget Amendment

COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure

BACKGROUND
In 1996, Assembly Bill 3229 established the Citizen’s Option for Public Safety (COPS) program’s Supplemental Law Enforcement Services Fund (SLESF). The Legislature determined that there was a compelling need for additional resources at the local level for the purpose of ensuring public safety and established the COPS program to advance community policing in all counties. The COPS program awards non-competitive and non-matching grants to law enforcement agencies to fund frontline municipal police services. The City has used these funds in prior years to purchase officer safety and duty equipment, communications equipment and vehicles, among other things, that are all used directly and solely in the provision of frontline police services to the community.

Per Government Code §§ 30061-30063, cities are allocated a proportionate share of COPS funds by the California Department of Finance, through Santa Clara County. Proportionate shares are based on population estimates determined by the California Department of Finance.

This is not a fixed amount grant. Under the standard grant program allocation, the City of Santa Clara is eligible to receive a minimum of $100,000 annually. Each fall, the California Department of Finance estimates the allocation for each law enforcement agency in the county; the actual amount paid varies from the projection and is unknown until the payment cycle is complete. Monthly distributions are received via wire transfer and the City’s Finance Department deposits these funds into a separate grant account. These distributions are not received in equal installments from month-tomonth; therefore, spending over the course of the payment cycle can be unpredictable.

In recent years, the City of Santa Clara has received COPS funding as follows:

Funding Cycle Minimum Amount to
be Allocated
Projected Allocation * Actual Amount
Received **
COP 11 - 12 $100,000 $224,246 $169,674
COP 12 - 13 $100,000 $191,055 $200,160
COP 13 - 14 $100,000 $191,913 $205,650
COP 14 - 15 $100,000 $191,446 $219,432
COP 15 - 16 $100,000 $189,093 $244,542
COP 16 - 17 $100,000 $190,585 $270,027
COP 17 - 18 $100,000 $196,976 $282,165
COP 18 - 19 $100,000 $196,976 $307,179
$$$
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COP 11 - 12 $100,000 $224,246 $169,674
COP 12 - 13 $100,000 $191,055 $200,160
COP 13 - 14 $100,000 $191,913 $205,650
COP 14 - 15 $100,000 $191,446 $219,432
COP 15 - 16 $100,000 $189,093 $244,542
COP 16 - 17 $100,000 $190,585 $270,027
COP 17 - 18 $100,000 $196,976 $282,165
COP 18 - 19 $100,000 $196,976 $307,179
COP 19 - 20 $100,000 $195,075 $305,734
COP 20 - 21 $100,000 $196,119 $327,071
COP 21 - 22 $100,000 $200,298 $331,035
COP 22 - 23 $100,000 $200,980 $374,141
COP 23 - 24 $100,000 $205,975 $400,959
*The Projected Allocation column shows the California Department of Finance’s initial estimated grant allocation **This column reflects the actual amount received by the Police Department.

The COPS/SLESF grant does not have any application or other requirements; the monies are transferred to local entities through the County by operation of law (Government Code §§30061- 30063) and are to be expended in accordance with the requirements of those code sections. The Government Code contains the following requirements for a recipient agency:
· The funds shall be used exclusively for front line law enforcement services · The funds cannot be used to supplant other existing funding sources for general law enforcement services
· The City Council shall appropriate existing and anticipated moneys exclusively to fund frontline municipal police services, in accordance with written requests submitted by the Chief of Police · Moneys in the fund shall not be transferred to, or intermingled with, the moneys in any other fund in the City treasury, except to the extent necessary to facilitate the appropriation and expenditure of those transferred moneys
· Once the appropriation of the grant funds is made, it cannot be subsequently altered by the City Council
· Administrative overhead costs cannot exceed of 0.5% of the City’s allocation · The funds cannot be used for a capital or construction project that does not directly support front line law enforcement services

DISCUSSION
Santa Clara County’s estimated allocation for front-line law enforcement equipment for FY 2024/25 is $3,348,985. Based on the January 2024 population estimate of 132,048, the City of Santa Clara expects to receive $203,918 in COPS funding 0.06% of the available amount for the county and

0.23% of the statewide total (Attachment 1).

In addition, in FY 2023/24, the Police Department received a further allocation for COP24. The original allocation and funding plan were approved by City Council on December 12, 2023 (RTC #23- 915) in the amount of $205,975, with the understanding the Police Department would return to the City Council should additional funds become available. Staff has received $194,984 in additional funds and recommends recognizing and appropriating these additional funds along with the FY 2024/25 funds for a total of $398,902.

In accordance with grant requirements, the Police Department hereby requests that the City Council City of Santa Clara Page 2 of 4 Printed on 9/23/2025
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25-974 Agenda Date: 1/14/2025
appropriate existing and anticipated grant moneys to support front line municipal law enforcement services, such as:
· Duty and protective equipment (e.g., helmets, vests, body armor, gas masks, body cameras, etc.)
· Barriers (e.g., portable shields, mobile vehicle barriers, etc.) · Less lethal equipment (e.g., conducted energy devices, launchers, etc.) · Surveillance and interception technologies (e.g., devices to collect video evidence, trackers, unmanned aerial vehicles, signal jammers, throwable devices, etc.) · Services to support operations (e.g. contract for canine training) · Technology and software (e.g., digital forensic, etc.) The items listed above are already in use to prevent, combat, and solve crimes in our community; however, many are now due for replacement. Since their original purchase, technological developments and innovative uses by agencies have enhanced these tools’ ability to improve public safety, apprehend criminals, and save lives. Such purchases have not been otherwise budgeted.

Staff will ensure that all purchases comply with grant requirements, the City’s procurement policies and Assembly Bill 481 as appropriate.

ENVIRONMENTAL REVIEW
This action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(4) in that it is a fiscal activity that does not involve any commitment to any specific project which may result in a potential significant impact on the environment.

FISCAL IMPACT
In September 2024, the City of Santa Clara received official notice from the California Department of Finance that its expected Citizens’ Option for Public Safety allocation for FY 2024/25 is $203,918. In addition, in FY 2023/24, the Police Department received funding in excess of its FY 2024 allocation by $194,984. The Department recommends recognizing and appropriating the total $398,902 in available resources in the Police Operating Grant Trust Fund, as detailed in the table below.

Budget Amendment
FY 2024/25
Current
Budget
Increase /
(Decrease)
Revised
Budget
Police Operating Grant Trust Fund
Revenue
Grant Funding - COP24 $0 $194,984 $194,984
Grant Funding - COP25 $0 $203,918 $203,918
Expenditures
Citizen’s Option for Public Safety FY
2023/2024
$204,945 $194,984 $399,929
Citizen’s Option for Public Safety FY
2024/2025
$0 $203,918 $203,918 City of Santa Clara Page 3 of 4 Printed on 9/23/2025 powered by Legistar™
25-974 Agenda Date: 1/14/2025
Revenue
Grant Funding - COP24 $0 $194,984 $194,984
Grant Funding - COP25 $0 $203,918 $203,918
Expenditures
Citizen’s Option for Public Safety FY
2023/2024
$204,945 $194,984 $399,929
Citizen’s Option for Public Safety FY
2024/2025
$0 $203,918 $203,918

COORDINATION
This report has been coordinated with the Finance Department, City Attorney’s Office and Police Department.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]> or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION

1. Approve the spending plan for funds received from the Citizen’s Option for Public Safety Programs Supplemental Law Enforcement Services Fund; and

2. Approve the following related FY 2024/25 budget amendments in the Police Operating Grant Trust Fund:
a. Recognize grant revenue in the amount of $203,918 and establish a COP25 grant appropriation in the amount of $203,918 (five affirmative Council votes required to appropriate additional revenue ); and
b. Recognize grant revenue in the amount of $194,984 and increase the COP24 grant appropriation in the amount of $194,984 (five affirmative Council votes required to appropriate additional revenue ).

Reviewed by: Cory Morgan, Chief of Police
Approved by: Jovan D. Grogan, City Manager

ATTACHMENTS

1. Letter from the California Department of Finance with Citizens’ Option for Public Safety percentages and allocation
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
26-282 Agenda Date: 5/19/2026

REPORT TO CITY COUNCIL

SUBJECT
Action on the Appropriation of $65,781 in Asset Forfeiture Funds for FY 2025/26 and Approve the Related Budget Amendment

BACKGROUND
State and federal narcotics and other criminal investigations can result in the seizing of cash and property, such as vehicles or boats. Once forfeited, these assets may be liquidated, and the proceeds distributed to participating agencies. These proceeds are referred to as “Asset Forfeiture Funds.” Local law enforcement agencies often assist state or federal agencies in investigations that lead to asset forfeiture. Because of this assistance, a portion of the funds is shared with local law enforcement agencies pursuant to federal law (28 U.S.C. § 524 and 21 U.S.C. §881) and applicable state law (California Health and Safety Code § 11469.)
Asset Forfeiture Funds are subject to strict guidelines governing their use. These funds must be used solely for law enforcement purposes and are designed to supplement and enhance, not supplant existing budgeted agency resources. The Police Department must directly benefit from all expenditures, which must be reasonable, necessary, and free from any appearance of waste, fraud, or abuse.

Permissible uses include:
a) Administrative costs (e.g., recruitment, advertising) b) Training & education
c) Leasing, furnishing, and supporting public safety facilities d) Equipment (Including office, electronic devices, firearms, canine related expenses) e) Joint law enforcement and public safety operations
f) Contractual services (e.g., translation services, laboratory services, studies) g) Travel and per diem
h) Law enforcement awards and memorials (e.g., plaques, badges, challenge coins) i) Prevention and public awareness programs
j) Enforcement initiatives (e.g., victim or witness programs, firearms buy-back, programs) k) Salaries and overtime (limited to approved backfill in accordance with program guidelines) These funds are subject to restrictions, including limitations on salaries, litigation-related expenses, endowments or scholarships, and supplanting existing funding. The proposed uses comply with all applicable requirements.

In prior years, the Police Department has used these funds to enhance operational capabilities, improve officer safety, support training and professional development, and better serve the Santa City of Santa Clara Page 1 of 3 Printed on 5/15/2026
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26-282 Agenda Date: 5/19/2026
Clara community.

DISCUSSION
In 2025, a total of 16 joint state-federal criminal and/or civil cases involving asset seizure and equitable sharing were adjudicated under federal law. The total value of assets forfeited in these cases was $808,165. These cases resulted in 24 suspects being charged with firearm or controlled substance related violations. The associated forfeiture of assets is derived from illegal drug activity pursuant to federal law.

As a result of the Department’s participation in these investigations, the City received its allocated share of the funds in the amount of $65,780.94. These funds provide an opportunity to enhance Police Department programs and services.

Consistent with federal requirements, these funds have already been received and are eligible for appropriation and expenditure planning. No anticipated funds are included in this request.

The proposed spending plan is designed to supplement existing resources, enhance operational effectiveness, and support the Department’s law enforcement mission while maintaining full compliance with federal equitable sharing guidelines.

Training & Education
Training, certifications, and professional development necessary to support law enforcement duties and maintain required competencies.

Equipment
Purchase, maintenance, or operation of equipment and technology that support law enforcement activities.

Canine Program (Equipment/Operations)
Acquisition, training, and care-related expenses associated with canine units supporting detection and enforcement operations.

Contracts for Service
Professional and technical services that support law enforcement functions (e.g., translation services, forensic analysis, specialized technical support).

Crime Prevention & Awareness Programs
Community outreach, public education, and crime prevention initiatives intended to enhance public safety and community engagement.

The proposed expenditures:
· Directly support law enforcement functions
· Do not replace existing budgeted funding
· Avoid ongoing financial obligations that would require future General Fund support · Are reasonable, necessary, and consistent with DOJ guidance

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California City of Santa Clara Page 2 of 3 Printed on 5/15/2026
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26-282 Agenda Date: 5/19/2026
Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378 (b)(4) in that it is a fiscal activity that does not involve commitment to a specific project which may result in potential significant impact on the environment.

FISCAL IMPACT
The Police Department is seeking City Council approval to recognize and appropriate $65,781 in Asset Forfeiture Funds to support enforcement, other programs, and needs in the Police Department.

The table below details the budget action for FY 2025/26.

Budget Amendment
FY 2025/26
Current Increase/
(Decrease)
Revised
Police Operating Grant Trust Fund
Revenue
Other Agencies Revenue $7,058,743 $65,781 $7,124,524
Expenditures
Seized Asset Funds $179,693 $65,781 $245,474

COORDINATION
The report was coordinated with the Finance and Police Departments and City Attorney’s Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION

1. Approve the appropriation of Asset Forfeiture Funds in the amount of $65,781 pursuant to State and federal regulations; and

2. Approve the FY 2025/26 budget amendment in the Police Operating Grant Trust Fund to recognize seized asset funding in the amount of $65,781 and appropriate that funding to the Seized Asset Funds program in the amount of $65,781 (five affirmative Council votes required to appropriate additional revenue) .

Reviewed by: Cory Morgan, Chief of Police
Approved by: Jovan Grogan, City Manager
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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
26-262 Agenda Date: 5/19/2026

REPORT TO COUNCIL

SUBJECT
Action on Award of Contract for the 2026 Annual Street Pavement Maintenance and Rehabilitation Project to MCK Services, Inc. and Approval of Related Budget Amendments

BACKGROUND
The City’s street pavement network consists of approximately 590 lane miles of arterial, collector, residential, and local streets. Through the City’s Pavement Maintenance Program, staff prioritizes various street segments for preventative maintenance and rehabilitation work based on condition, use, and available funding.

The 2026 Annual Street Pavement Maintenance and Rehabilitation Project (Project) consists of preventative maintenance and rehabilitation of approximately 23.1 lane miles of pavement along various street segments (Attachment 1). The scope of work includes repair and replacement of asphalt pavement; placement of slurry seal; adjustment of utility valves and covers; construction of accessible concrete ramps in accordance with the requirements of the Americans with Disabilities Act (ADA); replacement of traffic striping and pavement markings; and other necessary work to complete the Project.

The Project includes a CalRecycle grant. In January 2025, a CalRecycle grant was awarded to the City to incorporate recycled rubberized materials in pavement maintenance projects. The City will receive reimbursement of up to the $250,000 from CalRecycle based on the quantity of rubberized materials used. The appropriation of this grant funding for use in projects was approved by City Council at the May 13, 2025 City Council meeting. Portions of this grant have been applied to projects with rubberized asphalt pavements previously awarded by City Council, and the remaining portion of the grant, approximately $60,000, will be applied to this Project.

DISCUSSION
On April 2, 2026, a competitive Request for Bids (RFB) for construction of the Project was published on the City’s bid notification system, BidNet Direct. The RFB was viewed by various vendors, including contractors, suppliers, plan rooms, and builder exchanges, among others. Additional vendors were also able to view the RFB as members of various plan rooms and builder exchanges.

Staff also reached out directly to contractors and vendors who had viewed similar projects in the past.

On April 23, 2026, the bid opening for the Project was held via video conference. Four bids were received ranging from $10,306,343 to $11,057,790. The Bid Summary is included as Attachment 2.

The lowest bid, submitted by MCK Services, Inc. (MCK) in the amount of $10,306,343, is 9.2 percent below the Engineer’s Estimate of $11,350,000. MCK’s bid was reviewed by staff and the City Attorney’s Office for compliance with the terms and conditions of the bid documents and has been City of Santa Clara Page 1 of 4 Printed on 5/15/2026
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26-262 Agenda Date: 5/19/2026
determined to be the lowest responsive and responsible bid. Staff recommends awarding the construction contract to MCK Services, Inc.

The award of contract will allow construction to commence in order to complete the pavement work during the summer and fall of 2026. The dates may be subject to change based on any unforeseen conditions discovered during construction or extended delivery dates by materials or equipment suppliers. The contract includes prevailing wage requirements.

ENVIRONMENTAL REVIEW
This project being considered is exempt from the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15301(c), “Existing Facilities,” as the activity consists of the repair, maintenance or minor alteration of existing facilities involving no or negligible expansion of the use beyond that presently existing and specifically includes the repair of existing highways and streets.

FISCAL IMPACT
The approximate cost of the contract is $10,306,343, plus a 10 percent contingency, or $1,030,634 for any potential change orders for a total not-to-exceed contract amount of $11,336,977.

Funding for the contract is available in the Annual Street Maintenance and Rehabilitation Program project in the Streets and Highways Capital Fund. In addition, staff recommends transferring $470,000 from the Public Works Paving Support-Water project in the Water Utility Capital Fund and $221,000 from the Public Works Paving Support-Sewer project Sewer Utility Capital Fund to the Annual Street Maintenance and Rehabilitation Program project for the portion of the project costs associated with those funds. This Project involves removing and replacing water valve boxes and adjusting sanitary sewer manhole covers.

Budget Amendment FY 2025/26
Current Increase/
(Decrease)
Revised
Streets and Highways Capital Fund
Transfers From
Transfer from Water Utility Capital Fund $135,900 $470,000 $605,900 Transfer from Sewer Utility Capital Fund $0 $221,000 $221,000 Expenditures
Annual Street Maintenance and Rehabilitation
Program
$26,293,600 $691,000 $26,984,600
Water Utility Capital Fund
Transfers To
Transfer to Streets and Highways Capital Fund $135,900 $470,000 $605,900 Expenditures
Public Works Paving Support-Water $500,000 ($470,000) $30,000 Sewer Utility Capital Fund
Transfers To
Transfer to Streets and Highways Capital Fund $0 $221000 $221000 City of Santa Clara Page 2 of 4 Printed on 5/15/2026
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26-262 Agenda Date: 5/19/2026
Water Utility Capital Fund
Transfers To
Transfer to Streets and Highways Capital Fund $135,900 $470,000 $605,900 Expenditures
Public Works Paving Support-Water $500,000 ($470,000) $30,000 Sewer Utility Capital Fund
Transfers To
Transfer to Streets and Highways Capital Fund $0 $221,000 $221,000 Expenditures
Public Works Paving Support-Sewer $500,000 ($221,000) $279,000

COORDINATION
This report has been coordinated with the Finance Department, Water & Sewer Utilities Department, and the City Attorney’s Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION

1. Determine that the proposed actions are exempt from CEQA pursuant to Section 15301 (Existing Facilities) of Title 14 of California Code of Regulations;

2. Award the Public Works Contract for the 2026 Annual Street Pavement Maintenance and Rehabilitation Project to MCK Services, Inc., the lowest responsive and responsible bidder, in the amount of $10,306,343 and authorize the City Manager to execute any and all documents associated with, and necessary for the award, completion, and acceptance of this Project, in final forms approved by the City Attorney;

3. Authorize the City Manager to execute change orders up to approximately 10 percent of the original contract price, or $1,030,634, for a total project budget not to exceed amount of $11,336,977, in final forms approved by the City Attorney; and

4. Approve the following FY 2025/26 budget amendments:
a. In the Streets and Highways Capital Fund, recognize transfers of $470,000 from the Water Utility Capital Fund and $221,000 from the Sewer Utility Capital Fund, and increase the Annual Street Maintenance and Rehabilitation Program project by $691,000 (five affirmative Council votes required to appropriate additional revenue) ;
b. In the Water Utility Capital Fund, increase the transfer to the Streets and Highways Capital Fund and reduce the Public Works Paving Support-Water project by $470,000 (majority affirmative Council votes required) ; and
c. In the Sewer Utility Capital Fund, establish a transfer to the Streets and Highways Capital Fund and reduce the Public Works Paving Support-Sewer project by $221,000. (majority affirmative Council votes required).

Reviewed by: Craig Mobeck, Director of Public Works
Approved by: Jovan Grogan, City Manager
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ATTACHMENTS

1. Project Location Map

2. Bid Summary
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ATTACHMENT 1 - LOCATION MAP
KEY MAP N.T.S.

CITY OF

SANTA CLARA
Seg
ID
1 2
3 4
5 6
7 8
9 10
11 12 13 14 15 16 17 18 19
20 21 22 23 24 25 26 27 28 29
30 31
32 33
34 35 36 37 38 39
40 41 42 43 44 45 46 47 48 49
50 51
52 53

STREET LIST
Street Name Beg Location
ARCADIA AVENUE MCKINLEY DR.

BILLINGS CIRCLE EAST RIVER BRACKETT WAY RIVERMARK BRIAN LANE MAURICIAAVE.

BURDICK LANE GARRITYWAY BUTTE STREET PACHECO ST.

CABOT AVENUE STEVENS CREEK
CABRILLO AVENUE CALABAZAS BLVD. CAMINO DRIVE WASHINGTON ST. ALVISO ST CIRCLE DRIVE PARK AVE.

CLAREMONT AVENUE MAURICIAAVE. COLLEGE AVENUE WASHINGTON ST.

CREIGHTON PLACE DE PAUL PL.

DONEGAN WAY STEWARD LANE DOYLE CIRCLE GARRITY WAY
EL SOBRANTE STREET POMEROY AVE. EAST RIVER PARKWAY KELLEY WAY FRESNO STREET PACHECO ST.

GARRITY WAY AGNEW RD
GILBERT AVENUE MAURICIAAVE.

HARGIS WAY MARSTON WAY HARRIGAN DRIVE RIVERMARK
HILMAR STREET WASHINGTON ST.

KELLEY WAY REVIREMARK KELLOGG WAY GILBERT AVE. LAFAYETTE WAY POPLAR ST.

LAIRD CIRCLE LICK MILL BLVD LIVE OAK DRIVE BENTON ST LOCUST STREET ALVISO ST.

LOS PADRES BOULEVARD MONROE ST.

LOS PADRES BOULEVARD SARATOGA AVE.

MARSTON LANE GARRITY WAY
MICHAEL WAY MCKINLEY DR.

MORELAND WAY LICK MILL BLVD
OLD MTN. VIEW-ALVISO RD SUNNYVALE
MUIR AVENUE MCKINLEY DR.

NOTRE DAME DRIVE NOBILIAVE.

PACHECO STREET EL SOBRANTE ST.

POPLAR STREET WASHINGTON ST. PEPPER TREE LANE SANTA LUCIA DR.

RODONOVAN DRIVE STEVENS CREEK
REGIS COURT CALABAZAS BLVD. RIVERMARK PARKWAY KELLEY WAY ROCKHURST COURT MACHADO AVE.

SANTA LUCIA DRIVE LIVE OAK DR.

STEWART LANE GARRITYWAY STANFORD PLACE ST. MARYS PL.

TOBIN CIRCLE STEWARD LANE
VIA DONDERA CALABAZAS BLVD. VILLA NOVA COURT CALABAZAS BLVD.

WATSON CIRCLE BURDICK LANE
XAVIER COURT MACHADO AVE.

MATHEW STREET REED ST
End Location
MAURICIAAVE.

GARRITY WAY

EAST RIVER PARKWAY
MCKINLEY DR. EAST RIVER PARKWAY
KIELY BLVD.

BENNETT AVE. BOWERS AVE.

ALVISO ST

THE ALAMEDA
COLLEGE AVE. CUL-DE-SAC CIRCLE DR.(E}
FORDHAM DR.

MARSTON LANE

GARRITY WAY
KIELY BLVD. LICK MILL BLVD
KIELY BLVD.

LICK MILL BLVD
MCKINLEY DR. EAST RIVER PARKWAY

AGNEW RD

ALAMEDA, THE

CUL-DE-SAC
MAURICIAAVE. DEAD ENDS OF

LICK MILL BLVD

ST LUCIA DR
PARK AVE. EL CAMINO REAL PRUNERIDGE AVE.

CUL-DE-SAC
MAURICIA AVE. RIVERMARK PARKWAY
GREAT AMERICA PKWY.

MAURICIAAVE.

FORDHAM DR.

BUTTE ST.

PARK AVE.

HOMESTEAD RD
MAURICIA AVE.

CUL-DE-SAC

MORELAND WAY

CUL-DE-SAC

PEPPER TREE LANE

TRANSILL CIR
GEORGETOWN PL.

STEWARD LANE
EL SOBRANTE ST.

CUL-DE-SAC

BURDICK LANE

CUL-DE-SAC CUL-DE-SAC