Agenda — Taft City Council, August 18, 2026

TAFT CITY COUNCIL/SUCCESSOR AGENCY

JOINT REGULAR MEETING AGENDA
TUESDAY, AUGUST 18, 2026

CITY HALL COUNCIL CHAMBER
209 E. KERN ST., TAFT, CA 93268
_____________________________________________________________________________________________________________________________ City of Taft Council Meetings are being held in-person with full capacity seating or may be joined remotely through zoom using Meeting ID 822 2370 7823 Passcode 613564 or the following link:
https://us06web.zoom.us/j/82223707823?pwd=JoocdxwbZL5YyHXJ6Ch2Wy6e8hzEfT.1 Meetings are also livestreamed at https://www.youtube.com/user/CityofTaft.

Public comment can be made in person or remotely through zoom and can be received per the following:
• Written comments may be dropped off in the drop box in front of City Hall. • Comments may be emailed to the City Clerk at [email protected] • Made by phone to the City Clerk’s office at (661) 763-1222. • Public comments will be accepted up until 5:00 PM the day of the meeting. • Any comments received will be read into the record.
_____________________________________________________________________________________________________________________________ REGULAR MEETING 6:00 P.M.

Pledge of Allegiance
Invocation
Roll Call: Mayor Noerr
Mayor Pro Tem Bryant
Councilmember Krier
Councilmember Waldrop
Councilmember Chavira

1. CITIZEN REQUESTS/PUBLIC COMMENTS

COMMENTS ARE TO BE RECEIVED AS STATED IN ABOVE POLICY

THIS IS THE TIME AND PLACE FOR THE GENERAL PUBLIC TO ADDRESS THE CITY COUNCIL ON MATTERS WITHIN ITS JURISDICTION. STATE LAW PROHIBITS THE COUNCIL FROM ADDRESSING ANY ISSUE NOT PREVIOUSLY INCLUDED ON THE AGENDA. COUNCIL MAY RECEIVE COMMENT AND SET THE MATTER FOR A SUBSEQUENT MEETING. PLEASE LIMIT COMMENTS TO FIVE MINUTES.

2. COUNCIL STATEMENTS (NON-ACTION)

3. PLANNING COMMISSION REPORT

4. DEPARTMENT REPORTS

5. CITY MANAGER STATEMENTS

6. CITY ATTORNEY STATEMENTS

7. FUTURE AGENDA REQUESTS
***************************************************************************************************** CONSENT CALENDAR ITEMS 8-12
All items listed on the Consent Calendar shall be considered routine and will be enacted by one roll call vote. There will be no separate discussion of these items unless a member of the City Council requests specific items to be removed from the Consent Calendar for separate action. Any item removed from City of Taft Council/Successor Agency Meeting
Agenda
August 18, 2026

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the Consent Calendar will be considered after the regular business items. Are there any items on the consent calendar that any member of the public would like to comment on?

8. MINUTES
August 04, 2026, Regular
Recommendation – Approve as submitted.

9. PAYMENT OF BILLS
Warrant # 073126 Check No. 202477-202531 $ 209,503.02
Warrant # 073126A Check No. 202532-202550 $ 190,512.83
Warrant # 080726 Check No. 15,217.34 $ 15,217.34
Recommendation – Approve payment of the bills.

10. TREASURERS REPORT
Recommendation –
Motion to receive and file the Treasurers Report for the months April, May and June 2026.

11. AGREEMENT WITH CALIFORNIA STATE CONTROLLER OFFICE (SCO) TO PREPARE THE

REQUIRED ANNUAL STREET REPORT
Recommendation –
Motion to ratify the approved professional services agreement with California State Controller and find that the activity is not a project per the California Environmental quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines.

12. WEBSITE AND AGENDA PLATFORM UPGRADE FOR AMERICAN WITH DISABILITIES ACT (ADA) COMPLIANCE (WCAG 2.1 AA)
Recommendation –
Motion to approve the Municipal One Agreement, the website upgrade and the agenda platform to bring the City of Taft into full ADA compliance, enhance accessibility for residents with disabilities, and significantly improve internal agenda management workflows. ******************************************************************************************************

CLOSED SESSION
A. CONFERENCE WITH LABOR NEGOTIATOR, CRAIG JONES, CITY MANAGER Government Code 54957.6 – All units
B. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Government Code Section 54956.9 (a) – Taft Union High School vs. City of Taft Kern County Superior Court Case No. S-1500-CV-283804
City of Taft Council/Successor Agency Meeting
Agenda
August 18, 2026

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ADJOURNMENT
AMERICANS WITH DISABILITIES ACT: In compliance with the Americans with Disabilities Act, if you need special assistance, a disability-related modification or accommodation, agenda materials in an alternative format, or auxiliary aids to participate in this meeting, please contact the Office of the City Clerk at (661) 763-1222 or [email protected] as soon as possible. Providing at least 72 hours’ notice will help ensure that reasonable arrangements can be made.

AFFIDAVIT OF POSTING
I, Faith Melton, declare as follows:

That I am the City Clerk for the City of Taft; that an agenda was posted on a public information bulletin board located near the door of the Civic Center Council Chamber on August 13, 2026, at ________ a.m./p.m., pursuant to 1987 Brown Act Requirements.

I declare under penalty of perjury that the foregoing is true and correct.

Executed August 13, 2026, at Taft, California.

Signature ___________ _________

TAFT CITY COUNCIL/SUCCESSOR AGENCY

MINUTES
AUGUST 04, 2026
The August 04, 2026, regular joint meeting of the Taft City Council/Taft Successor Agency, held in the Council Chamber at Taft City Hall, 209 East Kern Street, Taft, CA 93268, was opened by Mayor Dave Noerr at 6:00 PM.

The Pledge of Allegiance was led by Mayor Dave Noerr and invocation was given by Pastor Lloyd Francis.

PRESENT: Mayor Dave Noerr
Council Members Carlos Chavira, Orchel Krier and Ron Waldrop City Manager Craig Jones and City Attorney Jason Epperson City Clerk Faith Melton
ABSENT: Mayor Pro Tem Josh Bryant

1. CITIZEN REQUESTS/PUBLIC COMMENTS
There was none.

2. COUNCIL STATEMENTS (NON-ACTION)
Council Member Krier said things are moving in Taft and reminded everyone school is starting back up and to be careful and use crosswalks.

Council Member Waldrop reminded everyone to stay out of this heat.

Council Member Chavira stated it was ridiculously hot and to be safe and vigilant with school starting.

Mayor Noerr told everyone to stay hydrated and be careful with school starting, don’t forget to use the crosswalks and press the crosswalk button.

3. DEPARTMENT REPORTS
Taft Police Department, Police Chief, Damon McMinn gave the month of July statistics.

4. CITY MANAGER STATEMENTS
There was none.

5. CITY ATTORNEY STATEMENTS
There was none.

6. FUTURE AGENDA REQUESTS
There was none.
***************************************************************************************************** CONSENT CALENDAR ITEMS 7-11
 Noerr removed item 12.

City of Taft Council/Successor Agency Meeting
Minutes
August 04, 2026

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Motion: Moved by Krier seconded by Chavira to approve consent calendar items 7-11.

AYES: Krier, Chavira, Waldrop, Noerr
PASSED: 4-0

7. MINUTES
July 21, 2026, Regular
Recommendation – Approve as submitted.

8. PAYMENT OF BILLS
Warrant # 072226 Check No. 101533 $ 325,000.00
Warrant # 072426 Check No. 202476 $ 871.35
Recommendation – Approve payment of the bills.

9. STREET CLOSURES AND SPECIAL EVENT PERMIT FOR THE SUNSET NIGHT MARKET SPECIAL EVENTS
Recommendation –
Motion to adopt a resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT

AUTHORIZING THE SPECIAL EVENT PERMIT AND STREET CLOSURES FOR THE SUNSET NIGHT MARKET SPECIAL EVENTS ON SATURDAY, OCTOBER 24TH, NOVEMBER 21ST, & DECEMBER 12TH, 2026 (Resolution No. 4371-26) and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines.

10. TRANSPORTATION DEVELOPMENT ACT FUNDS ANNUAL AUDIT – FY 2022-2023 Recommendation –
Motion to receive and file the City of Taft Transportation Development Act Funds Annual Audit for the fiscal year 2022-2023.

11. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT AUTHORIZING ADDITIONAL CARDS

FOR THE AMERICAN EXPRESS ACCOUNT
Recommendation –
Motion to adopt resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT AUTHORIZING ADDITIONAL CARDS FOR THE AMERICAN EXPRESS ACCOUNT (Resolution No. 4372-26).
******************************************************************************************************

12. PROFESSIONAL SERVICE AGREEMENT- HF&H ON- CALL SB 1383 TECHNICAL ASSISTANCE Noerr pulled this item to explain it. He stated this bill is state mandated and we are using grant funding to pay for it.

Motion: Moved by Krier seconded by Waldrop to approve a Professional Services Agreement with HF&H Consultants, LLC (HF&H) for on-call solid waste and recycling consulting City of Taft Council/Successor Agency Meeting
Minutes
August 04, 2026

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services for the period of July 1, 2026, through June 30, 2029, in an amount not to exceed $25,000 per year, and authorize the City Manager to execute the agreement.

AYES: Krier, Chavira, Waldrop, Noerr
PASSED: 4-0

13. PRELIMINARY APPROVAL FOR SPECIAL EVENT PERMIT FOR A PROPOSED DOWNTOWN

STREET CIRCUIT SUPER MOTO RACING EVENT
All council members agreed this is a great thing for our City.

Motion: Moved by Krier seconded by Chavira to adopt a resolution entitled A RESOLUTION OF

THE CITY COUNCIL OF THE CITY OF TAFT GRANTING PRELIMINARY APPROVAL

OF A SPECIAL EVENT PERMIT FOR A PROPOSED DOWNTOWN STREET CIRCUIT

SUPER MOTO RACING EVENT AND AUTHORIZING CONTINUED PLANNING,

NEGOTIATION, AND PREPARATION OF A FINAL SPECIAL EVENT AGREEMENT (Resolution No. 4373-26) and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines.

AYES: Krier, Chavira, Waldrop, Noerr
PASSED: 4-0
****************************************************************************************************** At 6:24 PM the regular meeting was recessed to closed session.

CLOSED SESSION
A. CONFERENCE WITH LABOR NEGOTIATOR, CRAIG JONES, CITY MANAGER Government Code 54957.6 – All units
B. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Government Code Section 54956.9 (a) – Taft Union High School vs. City of Taft Kern County Superior Court Case No. S-1500-CV-283804
 The City Council discussed in closed session those items agendized for closed session discussion and directions were given to staff and negotiators. The City Council took no other reportable action.

ADJOURNMENT - With no further business to conduct, the meeting was adjourned at 8:01 PM. __________ ____________
Faith Melton Dave Noerr
City Clerk Mayor

City of Taft | California
Treasurer’s Report
For the Month Ended April 30, 2026
Prepared By:

Finance Department
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Treasurer’s Report
Unaudited

TABLE OF CONTENTS
PAGE
Cash and Investment Analysis – Key Highlights.............................................................................................................1 Cash and Investment Schedules and Charts ..................................................................................................................2 Bank Reconciliation – Unrestricted Cash Accounts....................................................................................................... 3 Bank Reconciliation – Restricted Cash Accounts........................................................................................................... 4 Schedule of Cash and Investments.............................................................................................................................. 5 Schedule of Receipts and Disbursements.................................................................................................................... 6 Schedule of Interest Earned ........................................................................................................................................ 7 Schedule of Investment Composition.......................................................................................................................... 8 Chart of Investment Maturity Distribution – Original Purchase.................................................................................. 9 Chart of Investment Maturity Distribution – Remaining Maturity............................................................................ 10 Exhibits – Trend Analysis............................................................................................................................................ 11 Exhibit A – Investment Trend..................................................................................................................................... 12 Exhibit B – Balance Trends......................................................................................................................................... 13 Exhibit C – Interest Rate Trends................................................................................................................................. 17 Exhibit D – Return on Investment Analysis................................................................................................................ 19 Exhibit E – Month-to-Month Change......................................................................................................................... 21 Exhibit F – Investment Policy Compliance Testing..................................................................................................... 24 CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Treasurer’s Investment Analysis – Key Highlights
Unaudited
1 Treasurer’s Report Analysis – Highlights
The following bullet points summarize the most significant financial results, trends, and variances for the reporting period:
• As of April 30, 2026, the City is not in compliance with its investment policy. The largest portion of the City’s investment portfolio includes negotiable certificates of deposit (38.88%) when the limit on this type of investment is 30%. The investments are held in the City’s Wells Fargo Advisors Certificate of Deposits account and UBS Financial Services account.
• The City’s cash and investment balances experienced an overall increase from July 2025 to April 2026 (Exhibit E –

Page 21 ends

• The City’s United Security Bank checking account had a deficit of $234,420.71 in October 2025. This was attributed to outstanding checks of over $700,000 (Exhibit E – Page 21). The deficit has since been corrected.

This account also increased by $2,317,729.27 from March 2026 to April 2026 (Exhibit E – Page 21). This is attributed to the receipt of previously withheld TDA funding for fiscal years 2021 and 2022. • As of April 30, 2026, the City’s bank statements have been fully reconciled to the general ledger. We acknowledge City staff for their support in providing the documentation necessary to complete this analysis. • The United Security Bank balance of $3,176,594.99 represents the largest share (34.98%) of operating cash and investments compared to other financial institutions.
• The PARS balance of $2,044,915.21 represents the largest share (75.99%) of restricted cash and investments relative to other institutions holding restricted funds. • The “Investment Trend Analysis as of April 30, 2026” (Exhibit A - Page 12) indicates that total investments have gradually declined over the past 12 months.
• Interest rates increased sharply in 2023, followed by a gradual decline that has continued through April 2026. • LAIF interest rates increased from February 2022 to August 2024, followed by a gradual decline that has continued through April 2026.
• Variations in returns across 3-month, 6-month, and 12-month intervals are primarily driven by cash flow fluctuations affecting investment balances.

CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Treasurer’s Report
Unaudited
2 Cash and Investment
Schedules and Charts
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Bank Reconciliation – Unrestricted Cash Accounts
Unaudited
3 General Ledger Account 009-00100 009-00102 009-00101 009-00103 009-00114 009-00115 009-00104 Banking Institution West America United Security Bank LAIF United Security Bank Wells Fargo Advisors UBS Financial Services US Bancorp Total Account Type Checking Checking Investment Pool Cert. of Deposit Cert. of Deposit Bonds Bonds Unrestricted Cash Balance per Bank at 4/30/2026 $ 326,643.85 $ 3,572,874.75 $ 236,725.88 $ 305,344.87 $ 2,360,433.37 $ 1,169,242.47 $ 1,509,375.00 $ 9,480,640.19 Total Outstanding Items
Deposits in Transit - 3,627.51 - - - - - 3,627.51
Outstanding Checks (Payroll) (763.32) (4,890.96) - - - - - (5,654.28) Outstanding Checks (Operating) (3,715.25) (395,016.31) - - - - - (398,731.56) Outstanding Checks (Inmates) - - - - - - - -
Total Outstanding Items (4,478.57) (396,279.76) - - - - - (400,758.33) Adjusted Balance per Bank at 4/30/2026 $ 322,165.28 $ 3,176,594.99 $ 236,725.88 $ 305,344.87 $ 2,360,433.37 $ 1,169,242.47 $ 1,509,375.00 $ 9,079,881.86 General Ledger Balance at 4/1/2026 $ 202,651.17 $ 858,865.72 $ 234,431.22 $ 304,567.90 $ 2,354,344.64 $ 1,165,986.23 $ 1,497,195.00 $ 6,618,041.88 Cash Receipts
General Cash Receipts 119,562.15 4,172,258.17 - - - - - 4,291,820.32 Interest Income 4.64 - 2,294.66 776.97 3,953.08 2,511.23 9,375.00 18,915.58 Total Cash Receipts 119,566.79 4,172,258.17 2,294.66 776.97 3,953.08 2,511.23 9,375.00 4,310,735.90 Disbursements
Operating Cash Disbursements
Checks Issued - (998,273.64) - - - - - (998,273.64)
Checks Voided - - - - - - - -
ACH - CalPERS - (96,046.53) - - - - - (96,046.53)
ACH - Great-West Life - (29,042.01) - - - - - (29,042.01) ACH - State Disbursement Unit - (1,609.82) - - - - - (1,609.82) Account Charges & Fees (52.68) - - - - - - (52.68)
Total Operating Cash Disbursements (52.68) (1,124,972.00) - - - - - (1,125,024.68) Payroll Cash Disbursements
Payroll Checks Issued - (52,721.61) - - - - - (52,721.61) Payroll Direct Deposit - (482,506.77) - - - - - (482,506.77) Payroll Tax Payment 04/06 - (103,992.77) - - - - - (103,992.77) Payroll Tax Payment 04/20 - (90,335.75) - - - - - (90,335.75) Total Payroll Cash Disbursements - (729,556.90) - - - - - (729,556.90) Adjustments
Change In Fair Market Value - - - - 2,135.65 745.01 2,805.00 5,685.66 Total Adjustments - - - - 2,135.65 745.01 2,805.00 5,685.66 Total Disbursements (52.68) (1,854,528.90) - - 2,135.65 745.01 2,805.00 (1,848,895.92) General Ledger Balance at 4/30/2026 $ 322,165.28 $ 3,176,594.99 $ 236,725.88 $ 305,344.87 $ 2,360,433.37 $ 1,169,242.47 $ 1,509,375.00 $ 9,079,881.86 CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Bank Reconciliation – Restricted Cash Accounts
Unaudited
4 General Ledger Account 010-00102 053-00100 054-00100 062-00103 070-00102 071-00104 Banking Institution Public Agency United Security Bank United Security Bank United Security Bank Wells Fargo Advisors Wells Fargo Advisors Total Total Total Cash and Account Type Retirement Services Inmate Welfare Inmate Trust LCTOP Bus Grant COP USDA WWTP Construction Restricted Cash Unrestricted Cash Investments Balance per Bank at 4/30/2026 $ 2,044,915.21 $ 113,973.69 $ 214,627.28 $ 72,006.49 $ 77,351.80 $ 179,792.26 $ 2,702,666.73 $ 9,480,640.19 $ 12,183,306.92 Total Outstanding Items
Deposits in Transit - - - - - - - 3,627.51 3,627.51
Outstanding Checks (Payroll) - - - - - - - (5,654.28) (5,654.28) Outstanding Checks (Operating) - - - - - - - (398,731.56) (398,731.56) Outstanding Checks (Inmates) - - (11,774.81) - - - (11,774.81) - (23,549.62) Total Outstanding Items - - (11,774.81) - - - (11,774.81) (400,758.33) (412,533.14) Adjusted Balance per Bank at 4/30/2026 $ 2,044,915.21 $ 113,973.69 $ 202,852.47 $ 72,006.49 $ 77,351.80 $ 179,792.26 $ 2,690,891.92 $ 9,079,881.86 $ 11,770,773.78 General Ledger Balance at 4/1/2026 $ 1,986,292.64 $ 107,850.03 $ 140,658.81 $ 72,006.49 $ 77,351.80 $ 179,258.47 $ 2,563,418.24 $ 6,618,041.88 $ 9,181,460.12 Cash Receipts
General Cash Receipts - 6,403.62 63,366.81 - - - 69,770.43 4,291,820.32 4,361,590.75 Interest Income 59,625.96 - - - - 533.79 60,159.75 18,915.58 79,075.33 Total Cash Receipts 59,625.96 6,403.62 63,366.81 - - 533.79 129,930.18 4,310,735.90 4,440,666.08 Disbursements
Operating Cash Disbursements
Checks Issued - (279.96) (1,173.15) - - - (1,453.11) (998,273.64) (999,726.75) Checks Voided - - - - - - - -
ACH - CalPERS - - - - - - - (96,046.53) (96,046.53)
ACH - Great-West Life - - - - - - - (29,042.01) (29,042.01) ACH - State Disbursement Unit - - - - - - - (1,609.82) (1,609.82) Account Charges & Fees (1,003.39) - - - - - (1,003.39) (52.68) (1,056.07) Total Operating Cash Disbursements (1,003.39) (279.96) (1,173.15) - - - (2,456.50) (1,125,024.68) (1,127,481.18) Payroll Cash Disbursements
Payroll Checks Issued - - - - - - - (52,721.61) (52,721.61) Payroll Direct Deposit - - - - - - - (482,506.77) (482,506.77) Payroll Tax Payment 03/09 - - - - - - - (103,992.77) (103,992.77) Payroll Tax Payment 03/23 - - - - - - - (90,335.75) (90,335.75) Total Operating Cash Disbursements - - - - - - - (729,556.90) (729,556.90) Adjustments
Change In Fair Market Value - - - - - - - 5,685.66 5,685.66 Total Adjustments - - - - - - - 5,685.66 5,685.66
Total Disbursements (1,003.39) (279.96) (1,173.15) - - - (2,456.50) (1,848,895.92) (1,851,352.42) General Ledger Balance at 4/30/2026 $ 2,044,915.21 $ 113,973.69 $ 202,852.47 $ 72,006.49 $ 77,351.80 $ 179,792.26 $ 2,690,891.92 $ 9,079,881.86 $ 11,770,773.78 CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Schedule of Cash and Investments
Unaudited
5 Percent Yield To Maturity
Account Pooled Designated And Operating Book Market Of Maturity 360 Days 365 Days Number Cash & Investments: Value Value Portfolio Date Equivalent Equivalent Operating Cash & Investments
009-00100 Passbook/Checking Accounts
West America Bank (WAB) $ 322,165.28 $ 322,165.28 3.55% Now 0.02% 0.02% 009-00102 Checking Account
United Security Bank (USB) 3,176,594.99 3,176,594.99 34.98% Now 0.00% 0.00% 009-00101 Local Agency Investment Funds (A) 236,725.88 236,725.88 2.61% Now 0.32% 0.32% 009-00103 Certificate of Deposit
United Security Bank (USB) 305,344.87 305,344.87 3.36% Now 0.02% 0.02% 009-00104 Investment - U.S. Government Securities
Piper Sandler & Co. 1,509,375.00 1,509,375.00 16.62% See Page 8 0.62% 0.63% 009-00114 Wells Fargo Advisors (WFA) 2,360,433.37 2,360,433.37 26.00% See Page 8 1.81% 1.84% 009-00115 UBS Financial Services, Inc 1,169,242.47 1,169,242.47 12.88% See Page 8 2.53% 2.56% Total Operating Cash & Investments $ 9,079,881.86 $ 9,079,881.86 100.00% Restricted Cash & Investments
010-00102 Public Agency Retirement Services (PARS) $ 2,044,915.21 $ 2,044,915.21 75.99% Now -6.62% -6.71% 053-00100 Restricted Cash - Inmate Welfare Fund 113,973.69 113,973.69 4.24% Now 0.02% 0.02% 054-00100 Restricted Cash - Inmate Trust Fund 202,852.47 202,852.47 7.54% Now 0.02% 0.02% 062-00103 Restricted Cash - LCTOP-BUS PASSES 72,006.49 72,006.49 2.68% Now 0.02% 0.03% 070-00102 Restricted Cash - COP USDA (WFA Acct #3386) 67,324.97 67,324.97 2.50% Now 3.33% 3.38% 071-00102 Monies To Hold Acct Open From Fund 71 (WFA Acct #3386) 10,026.83 10,026.83 0.37% N/A N/A N/A 071-00104 Restricted Cash - WWTP Construction (WFA Acct #8423) 179,792.26 179,792.26 6.68% Now 3.70% 3.75% Total Restricted Cash & Investments $ 2,690,891.92 $ 2,690,891.92 100.00% Grand Total Cash & Investments $ 11,770,773.78 $ 11,770,773.78 Ben Mangum, Treasurer, City of Taft
This report is presented pursuant to the City of Taft's Investment Policy which was revised by the Taft City Council at its regularly scheduled meeting of March 2026. There are sufficient funds to meet the next 6 months' obligations. (A) As allowed by California Government Code Section 53646(e), attached Exhibit D & Exhibit E provides the agency current market value as of the reporting date, April 30, 2026.

CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Schedule of Receipts and Disbursements
Unaudited
6 Balance Balance
As of Investment Transfer Transfer As Of
4/1/2026 Receipts Disbursements Interest Paid Gain/Loss In (Out) 4/30/2026 Interest Earned Pooled Operating Cash & Investments:

Passbook/Checking Account - West America $ 202,651.17 $ 119,562.15 $ (52.68) $ 4.64 $ - $ - $ - $ 322,165.28 $ 4.64 Checking Account-United Security Bank 858,865.72 4,172,258.17 (1,854,528.90) - - - - 3,176,594.99 - Cetificate Of Deposit/United Security Bank 304,567.90 - - 776.97 - - - 305,344.87 776.97 Local Agency Investment Fund 234,431.22 - - 2,294.66 - - - 236,725.88 2,294.66 Investment-U.S. Government Securities 1,497,195.00 - - 9,375.00 2,805.00 - - 1,509,375.00 9,375.00 Certificate Of Deposit/Wells Fargo Advisors 2,354,344.64 - - 3,953.08 2,135.65 - - 2,360,433.37 3,953.08 Certificate Of Deposit/UBS Financial Services Inc. 1,165,986.23 - - 2,511.23 745.01 - - 1,169,242.47 2,511.23 Total Pooled Operating Cash & Investments $ 6,618,041.88 $ 4,291,820.32 $ (1,854,581.58) $ 18,915.58 $ 5,685.66 $ - $ - $ 9,079,881.86 $ 18,915.58 Restricted Cash & Investments
Public Agency Retirement Services (PARS) $ 1,986,292.64 $ - $ (1,003.39) $ 59,625.96 $ - $ - $ - $ 2,044,915.21 $ 59,625.96 Inmate Welfare Fund 107,850.03 6,403.62 (279.96) - - - - 113,973.69 - Inmate Trust Fund 140,658.81 63,366.81 (1,173.15) - - - - 202,852.47 - Escrow Account-CDFW - - - - - - - - -
LCTOP-Bus Passes 72,006.49 - - - - - - 72,006.49 -
2019 Rev. Refunding Bond - Us Bank - - - - - - - - -
Wells Fargo Advisors - WWTP Construction (WFA Acct #8423) 179,258.47 - - 533.79 - - - 179,792.26 533.79 *Wells Fargo Advisors - COP USDA (WFA Acct #3386) 67,324.97 - - - - - - 67,324.97 - *Monies To Hold Acct (70) From FD 71 (WFA Acct #3386) 10,026.83 - - - - - - 10,026.83 - Total Restricted Cash & Investments $ 2,563,418.24 $ 69,770.43 $ (2,456.50) $ 60,159.75 $ - $ - $ - $ 2,690,891.92 $ 60,159.75 Grand Total Cash & Investments $ 9,181,460.12 $ 4,361,590.75 $ (1,857,038.08) $ 79,075.33 $ 5,685.66 $ - $ - $ 11,770,773.78 $ 79,075.33 *Wells Fargo Advisors Acct 3886 is split into two general ledger accounts across Fund 70 and Fund 71 on the City's books. The sum of these accounts equals the adjusted bank balance on the bank reconciliation.

CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Schedule of Interest Earned
Unaudited
7 Interest earned during the current month ended April 30, 2026 are as follows:

Pooled Cash & Investments Monthly Quarterly Semi-Annual Annual Total West America $ 4.64 $ - $ - $ - $ 4.64
United Security Bank 776.97 - - - 776.97
Local Agency Investment Fund - 2,294.66 - - 2,294.66
Piper Sandler & Co. - - 9,375.00 - 9,375.00
Wells Fargo Advisors 3,953.08 - - - 3,953.08
UBS Financial Services 2,511.23 - - - 2,511.23
Restricted Cash & Investments 533.79 - - - 533.79
Total Interest Earned for the Month Ending 4/30/2026 $ 7,779.71 $ 2,294.66 $ 9,375.00 $ - $ 19,449.37 Quarterly interest earning is as follows:

Quarter Ending Quarter Ending Quarter Ending Month Ending Fiscal Pooled Cash & Investments 9/30/2025 12/31/2025 3/31/2026 4/30/2026 Year to Date West America $ 15.14 $ 3.10 $ 7.63 $ 4.64 $ 30.51
United Security Bank 2,819.62 2,550.22 2,254.90 776.97 8,401.71 Local Agency Investment Fund 6,212.40 6,269.85 4,201.12 2,294.66 18,978.03 Piper Sandler & Co. - 9,375.00 - 9,375.00 18,750.00
Wells Fargo Advisors 22,968.91 21,374.79 22,787.58 3,953.08 71,084.36 UBS Financial Services 10,195.39 14,694.40 4,784.94 2,511.23 32,185.96 Restricted Cash & Investments 1,893.48 2,168.84 2,366.88 533.79 6,962.99 Total Unrestriced Cash & Investments (Excluding LAIF) $ 37,892.54 $ 50,166.35 $ 32,201.93 $ 17,154.71 $ 137,415.53 Total Pooled Cash & Investment Interest Earnings $ 44,104.94 $ 56,436.20 $ 36,403.05 $ 19,449.37 $ 156,393.56 CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Schedule of Investment Composition
Unaudited
8 Bank
Settlement
Date Cost Of CD
Market
Value Of CD
Interest
Rate Term
Maturity
Date
Interest Earned
In Fiscal Year
Interest
Pays
US Government Securities
Federal Home LN BNKS 5/6/2026 1,500,000.00 $ $ 1,500,000.00 4.13% 5 Years 4/29/2031 $ - Semi-Annually Wells Fargo Advisors Investments
Goldman Sachs BK USA CD 9/29/2021 200,000.00 197,622.00 1.06% 5 Years 9/29/2026 2,100.00 Semi-Annually New Valley Bank 3/3/2022 169,242.00 166,987.60 1.73% 5 Years 2/25/2027 2,406.99 Monthly Eaglemark Svgs BK 3/9/2022 100,000.00 98,372.00 2.03% 5 Years 3/9/2027 2,000.00 Semi-Annually Capital One BK McLean VA 5/4/2022 250,000.00 247,887.50 3.07% 5 Years 5/4/2027 3,843.84 Semi-Annually Discover Greenwood 6/7/2022 20,000.00 19,834.00 3.17% 5 Years 6/7/2027 315.86 Semi-Annually Comenity Bank Wilmingtn 6/13/2022 200,000.00 197,682.80 3.18% 5 Years 6/14/2027 5,247.14 Monthly FFB Bank CD 11/25/2024 245,000.00 245,036.75 4.29% 5 Years 3/27/2029 8,774.33 Monthly Hiawatha Natl Bank CD 10/28/2024 45,000.00 45,007.20 4.34% 5 Years 10/26/2029 1,630.33 Monthly CFG Bank/Md CCD 10/22/2025 75,000.00 74,455.50 4.02% 5 Years 10/31/2030 - Semi-Annually Morgan Stanley BK NA CD 12/8/2025 100,000.00 99,385.00 4.07% 5 Years 12/17/2030 - Semi-Annually Sallie Mae Bank/Salt CD 1/7/2026 250,000.00 246,775.00 3.79% 5 Years 1/14/2031 - Semi-Annually UBS Bank USA CD 1/7/2026 250,000.00 246,790.00 3.79% 5 Years 1/14/2031 2,311.64 Monthly Great Midwest BK SSB CD 1/20/2026 250,000.00 246,322.50 3.90% 5 Years 1/22/2031 2,373.30 Monthly JP Morgan Chase BK NA CD 3/16/2026 120,000.00 119,155.20 4.07% 5 Years 3/20/2031 - Semi-Annually JP Morgan Chase BK Columbus 4/28/2026 100,000.00 99,990.00 4.25% 5 Years 4/28/2031 - Semi-Annually Total Wells Fargo Advisors $ 2,374,242.00 $ 2,351,303.05 $ 31,003.43 UBS Financial Services
Freedom First Fed VA US 9/18/2025 100,000.00 99,986.00 3.85% 1 Year 6/24/2026 2,531.52 Monthly Goldman Sachs 8/9/2021 100,000.00 99,135.00 1.01% 5 Years 8/18/2026 1,000.00 Semi-Annually Safra Natl BK 9/18/2025 100,000.00 99,893.00 3.70% 1 Year 9/23/2026 - Annual Bank United NA Flor 12/14/2021 199,400.00 196,932.00 1.37% 5 Years 12/8/2026 1,353.70 Quarterly Goldman Sachs Bank NY 3/4/2025 125,000.00 125,360.00 4.29% 2 Years 3/11/2027 5,375.00 Semi-Annually Morgan Stanley BK UT 10/2/2025 120,000.00 119,506.80 3.67% 2 Years 10/8/2027 2,184.00 Semi-Annually Morgan Stanley Prv NY 12/17/2025 200,000.00 199,006.00 3.77% 3 Years 12/6/2028 - Semi-Annually Sallie Mae Bank UT 12/15/2025 211,000.00 209,181.18 3.88% 5 Years 12/17/2030 - Semi-Annually Total UBS Financial Services $ 1,155,400.00 $ 1,148,999.98 $ 12,444.22 Total Investments and Interest Earned $ 5,029,642.00 $ 5,000,303.03 $ 43,447.65 CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Chart of Investment Maturity Distribution – Original Purchase Unaudited
9 Maturity Distribution - Original Purchase
Portfolio/Benchmark 0-1
Years
1-2
Years
2-3
Years
3-4
Years
4-5
Years
>5
Years
US Treasuries 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%
Certificates of Deposits 5.67% 6.94% 5.67% 0.00% 81.73% 0.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%
100.00%
0-1
Years
1-2
Years
2-3
Years
3-4
Years
4-5
Years
>5
Years
Composition of Investments (%)
Time to Maturity (Years)
US Treasuries
Certificates of Deposits
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Chart of Investment Maturity Distribution – Remaining Maturity Unaudited
10 Maturity Distribution - Remaining Maturity
Portfolio/Benchmark 0-1
Years
1-2
Years
2-3
Years
3-4
Years
4-5
Years
>5
Years
US Treasuries 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%
Certificates of Deposits 30.98% 16.72% 12.61% 1.27% 38.42% 0.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%
100.00%
0-1
Years
1-2
Years
2-3
Years
3-4
Years
4-5
Years
>5
Years
Composition of Investments (%)
Time to Maturity (Years)
US Treasuries
Certificates of Deposits
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Treasurer’s Report
Unaudited
Exhibits
Trend Analysis
11 CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit A – Investment Trend
Unaudited
12 Balance As of Balance As of Balance As of Balance As of Balance As of Changes Unrestricted Investments 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 Inc (dec) Certificates of Deposits - United Security Bank $ 295,063.44 $ 296,918.33 $ 300,626.11 $ 303,094.60 $ 305,344.87 $ 10,281.43 Local Agency Investment Fund 567,747.85 567,747.85 580,230.10 234,431.22 236,725.88 (331,021.97) Investments-U.S. Government Securities 1,460,010.00 1,467,690.00 1,481,805.00 1,491,510.00 1,509,375.00 49,365.00 Piper Sandler & Co.

Certificates of Deposits - Wells Fargo Advisors 2,955,267.18 2,990,582.01 2,722,278.64 2,350,888.34 2,360,433.37 (594,833.81) Certificates of Deposits - UBS Financial Services 1,387,466.09 1,402,140.04 1,152,140.71 1,161,231.98 1,169,242.47 (218,223.62) Total Unrestricted Investments $ 6,665,554.56 $ 6,725,078.23 $ 6,237,080.56 $ 5,541,156.14 $ 5,581,121.59 $(1,084,432.97) Restricted Investments
Public Agency Retirement Services (PARS) $ 1,842,646.60 $ 1,912,660.54 $ 1,991,878.92 $ 2,018,867.48 $ 2,044,915.21 $ 202,268.61 Wells Fargo Advisors - WWTP Construction 172,899.52 174,683.66 176,490.44 178,236.34 179,792.26 6,892.74 Wells Fargo Advisors - COP USDA 102,076.83 2,666.03 2,691.99 76,733.61 77,351.80 (24,725.03) Total Restricted Investments $ 2,117,622.95 $ 2,090,010.23 $ 2,171,061.35 $ 2,273,837.43 $ 2,302,059.27 $ 184,436.32 Total Investments $ 8,783,177.51 $ 8,815,088.46 $ 8,408,141.91 $ 7,814,993.57 $ 7,883,180.86 $ (899,996.65) CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit B – Balance Trends
Unaudited
13 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Amount ($)
Date
Comparison of Unrestricted Cash and Investment Balances from April 2025 to April 2026
Certificates of Deposits - United Security Bank
Local Agency Investment Fund
Investments-U.S. Government Securities
Certificates of Deposits - Wells Fargo Advisors
Certificates of Deposits - UBS Financial Services
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit B – Balance Trends (Continued)
Unaudited
14 $-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Amount ($)
Date
Composition of Unrestricted Investment Account Balances from April 2025 to April 2026
Certificates of Deposits - UBS Financial Services
Certificates of Deposits - Wells Fargo Advisors
Investments-U.S. Government Securities
Local Agency Investment Fund
Certificates of Deposits - United Security Bank
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit B – Balance Trends (Continued)
Unaudited
15 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Amount ($)
Date
Comparison of Restricted Cash and Investment Balances
from April 2025 to April 2026
Public Agency Retirement Services (PARS)
Wells Fargo Advisors - WWTP Construction
Wells Fargo Advisors - COP USDA
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit B – Balance Trends (Continued)
Unaudited
16 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026
Amount ($)
Date
Composition of Restricted Investment Account Balances
from April 2025 to April 2026
Wells Fargo Advisors - COP USDA
Wells Fargo Advisors - WWTP Construction
Public Agency Retirement Services (PARS)
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit C– Interest Rate Trends (Continued)
Unaudited
17 0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%
6/21/20217/21/20218/21/20219/21/2021
10/21/202111/21/202112/21/2021
1/21/20222/21/20223/21/20224/21/20225/21/20226/21/2022
7/21/20228/21/2022
9/21/2022
10/21/202211/21/202212/21/2022
1/21/20232/21/20233/21/2023
4/21/20235/21/20236/21/2023
7/21/20238/21/20239/21/2023
10/21/202311/21/202312/21/2023
1/21/20242/21/20243/21/20244/21/2024
5/21/20246/21/20247/21/20248/21/2024
9/21/2024
10/21/202411/21/202412/21/2024
1/21/2025
2/21/20253/21/20254/21/20255/21/2025
6/21/20257/21/20258/21/20259/21/2025
10/21/202511/21/202512/21/2025
1/21/20262/21/2026
3/21/2026
Efferctive Yield (%)
Treasury Date
Comparison of FDIC Monthly National Yields
from June 2021 to April 2026
Money Market <100M
1 month CD <100M
3 month CD <100M
6 month CD <100M
12 month CD <100M
24 month CD <100M
36 month CD <100M
60 month CD <100M
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit C– Interest Rate Trends (Continued)
Unaudited
18 0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%
Average Monthly Yield (%)
Month and Year
Comparison of LAIF Monthly Yields
from March 2021 to April 2026
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit D– Return on Investment Analysis
Unaudited
19 Return Return Return
3-Month Yield 6-Month Yield 12-Month Yield
Unrestricted Investments
Certificates of Deposits - United Security Bank 0.74% 1.57% 3.48% Local Agency Investment Fund 0.98% 1.12% 3.34%
Investments-U.S. Government Securities 1.20% 1.86% 3.38% Piper Sandler & Co.

Certificates of Deposits - Wells Fargo 0.41% 12.42% 3.56% Certificates of Deposits - UBS Financial Services 0.69% 1.48% 2.87% Restricted Investments
Public Agency Retirement Services (PARS) 1.29% 2.66% 10.98% Wells Fargo Advisors - WWTP Construction 0.87% 1.87% 3.99% Wells Fargo Advisors - COP USDA 0.81% 36.72% 1.54%
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit D– Return on Investment Analysis (Continued)
Unaudited
20 *Return on investment percentage variation is attributed to volatility in investment balances. 0%
5%
10%
15%
20%
25%
30%
35%
40%
Return 3-Month Yield Return 6-Month Yield Return 12-Month Yield CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit E – Month-to-Month Change
Unaudited
21 Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Monthly Change Overall Change 7/31/2025 8/31/2025 9/30/2025 10/31/2025 11/30/2025 12/31/2025 1/31/2026 2/28/2026 3/31/2026 4/30/2026 Inc (Dec) Inc (Dec) Unrestricted Cash & Investments
Passbook/Checking Accounts
West America Bank (WAB) $ 392,918.92 $ 446,771.43 $ 44,708.74 $ 81,047.81 $ 31,830.64 $ 68,911.27 $ 128,503.71 $ 166,237.69 $ 202,651.17 $ 322,165.28 $ 119,514.11 $ (70,753.64) Checking Account
United Security Bank (USB) 854,763.55 1,049,667.08 986,968.20 (234,420.71) 739,427.05 1,103,983.39 809,888.93 1,137,544.96 858,865.72 3,176,594.99 2,317,729.27 2,321,831.44 Certificates of Deposits - United Security Bank 297,834.85 298,784.89 299,737.95 300,626.11 301,506.57 302,313.00 303,094.60 303,867.82 304,567.90 305,344.87 776.97 7,510.02 Local Agency Investment Fund 573,960.25 573,960.25 573,960.25 580,230.10 230,230.10 230,230.10 234,431.22 234,431.22 234,431.22 236,725.88 2,294.66 (337,234.37) Investments-U.S. Government Securities 1,467,690.00 1,473,795.00 1,478,625.00 1,481,805.00 1,484,910.00 1,488,840.00 1,491,510.00 1,494,165.00 1,497,195.00 1,509,375.00 12,180.00 41,685.00 Piper Sandler & Co.

Certificates of Deposits - Wells Fargo 2,990,582.01 3,000,559.13 3,012,372.12 2,722,278.64 2,334,658.76 2,342,333.41 2,350,888.34 2,355,579.01 2,354,344.64 2,360,433.37 6,088.73 (630,148.64) Certificates of Deposits - UBS Financial Services 1,402,140.04 1,149,633.01 1,154,751.84 1,152,140.71 1,154,808.11 1,159,082.62 1,161,231.98 1,163,954.69 1,165,986.23 1,169,242.47 3,256.24 (232,897.57) Total Unrestricted Cash & Investments $ 7,979,889.62 $ 7,993,170.79 $ 7,551,124.10 $ 6,083,707.66 $ 6,277,371.23 $ 6,695,693.79 $ 6,479,548.78 $ 6,855,780.39 $ 6,618,041.88 $ 9,079,881.86 $ 2,461,839.98 $ 1,099,992.24 Restricted Cash & Investments
Public Agency Retirement Services (PARS) $ 1,912,660.54 $ 1,941,721.41 $ 1,973,371.80 $ 1,991,878.92 $ 1,999,249.60 $ 1,999,343.75 $ 2,018,867.48 $ 2,051,549.39 $ 1,986,292.64 $ 2,044,915.21 $ 58,622.57 $ 132,254.67 Wells Fargo Advisors - WWTP Construction 174,683.66 175,295.16 175,907.82 176,490.44 177,075.83 177,628.95 178,236.34 178,774.71 179,258.47 179,792.26 533.79 5,108.60 Wells Fargo Advisors - COP USDA 2,666.03 2,666.03 2,691.99 2,691.99 76,513.67 76,733.61 76,733.61 76,733.61 77,351.80 77,351.80 - 74,685.77 Restricted Cash - Inmate Welfare Fund 57,777.41 63,452.19 69,306.10 73,853.07 79,207.44 92,930.61 92,930.61 100,716.60 107,850.03 113,973.69 6,123.66 56,196.28 Restricted Cash - Inmate Trust Fund 83,070.80 107,558.26 135,802.69 121,732.65 176,410.44 251,780.50 251,683.45 311,059.78 140,658.81 202,852.47 62,193.66 119,781.67 Restricted Cash - LCTOP-BUS PASSES 71,952.46 71,952.46 71,970.60 71,970.60 71,970.60 71,988.74 71,988.74 71,988.74 72,006.49 72,006.49 - 54.03 Total Restricted Cash & Investments $ 2,302,810.90 $ 2,362,645.51 $ 2,429,051.00 $ 2,438,617.67 $ 2,580,427.58 $ 2,670,406.16 $ 2,690,440.23 $ 2,790,822.83 $ 2,563,418.24 $ 2,690,891.92 $ 127,473.68 $ 388,081.02 Total Cash & Investments $ 10,282,700.52 $ 10,355,816.30 $ 9,980,175.10 $ 8,522,325.33 $ 8,857,798.81 $ 9,366,099.95 $ 9,169,989.01 $ 9,646,603.22 $ 9,181,460.12 $ 11,770,773.78 $ 2,589,313.66 $ 1,488,073.26 CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit E – Month-to-Month Change (Continued)
Unaudited
22 $(500,000)
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
Investment Balance ($)
Date
Illustration of Unrestricted Cash & Investment Balances from July 2025 to April 2026
West America Bank (WAB)
United Security Bank (USB)
Certificates of Deposits - United Security Bank
Local Agency Investment Fund
Investments-U.S. Government Securities
Piper Sandler & Co.

Certificates of Deposits - Wells Fargo
Certificates of Deposits - UBS Financial Services
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit E – Month-to-Month Change (Continued)
Unaudited
23 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
Investment Balance ($)
Date
Illustration of Restricted Cash & Investment Balances
from July 2025 to April 2026
Public Agency Retirement Services (PARS)
Wells Fargo Advisors - WWTP Construction
Wells Fargo Advisors - COP USDA
Restricted Cash - Inmate Welfare Fund
Restricted Cash - Inmate Trust Fund
Restricted Cash - LCTOP-BUS PASSES
CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit F – Investment Policy Compliance Testing
Unaudited
24 Testing the current investment portfolio ensures the City remains in compliance with its adopted policy. The following is an excerpt from the City’s most recent investment policy adopted on March 3, 2026:

Investment Instruments
The City of Taft operates its temporary pooled idle cash investments under the prudent man rule. This affords the City a broad spectrum of investment opportunities as long as the investment is deemed prudent and is allowable under current legislation of the State of California (Government Code Section 53600 et seq.) Investment may be made in the following media:

1. United States Treasury Bills, Bonds and Notes, or those for which the full faith and credit of the United States are pledged for payment of principal and interest. The City shall not invest in any United States security that exceeds five-years of maturity.

2. Obligations issued by the United States Government Agencies such as, Securities issued and backed as to payment by one of the following Government Sponsored Entities (GSE’s)
a) Federal Farm Credit Bank
b) Federal Home Loan Bank

3. Certificates of Deposit (or Time Deposits) placed with commercial banks and/or savings and loans.

4. Negotiable Certificates of Deposit.

5. Local Agency Investment Fund (State Pool) Demand Deposit.

6. Passbook Savings Accounts.

7. County Pooled Funds.

8. “NOW” Demand Deposits.

The City of Taft will diversify its investments by security type and institution. With the exception of U.S. Treasury securities and authorized pools, no more than 50% of the entity’s total investment portfolio will be invested in a single security type or with a single financial institution. Investment in derivatives is not permitted.

Maturities
Security purchases and holdings shall be maintained within statutory limits imposed by the Government Code. Current limits are:

Permitted Investments/Deposits Threshold Maximum Maturity US Government Treasury Securities Unlimited 5 years*
Certificates of Deposits Unlimited 5 years*
Negotiable Certificates of Deposit 30% 5 years*
LAIF 15MM** N/A
Passbook Deposits --- N/A
County Pooled Funds 50% N/A
* Maximum term unless expressly authorized by Governing Body and within the prescribed time frame for said approval. ** Limit set by LAIF Governing Board, not Government Code.

CITY OF TAFT | FOR THE MONTH ENDED APRIL 30, 2026
Exhibit F – Investment Policy Compliance Testing (Continued) Unaudited
25 The results of compliance tests with the City’s investment policy are as follows:

Permitted Investments/Deposits
Percentage/Amount
Allowed
Actual
Percentage/Amount
Maximum
Maturity
Actual Maximum
Maturity Conclusion
*US Government Treasury Securities Unlimited 16.62% 5 Years 5 Years In Compliance *Certificates of Deposits Unlimited 3.36% 5 Years 5 Years In Compliance *Negotiable Certificates of Deposit 30% 38.88% 5 Years 5 Years Not in Compliance LAIF 15,000,000.00 236,725.88 N/A N/A In Compliance
Passbook Deposits --- 38.53% N/A N/A In Compliance
County Pooled Funds 50% 0% N/A N/A In Compliance
*Additional support for maximum investment maturity can be found in "Chart of Investment Maturity Distribution - Original Purchase" on Page 9 and "Chart of Investment Maturity Distribution - Remaining Maturity" on Page 10 of this report.

Financial Institutions
Percentage of
Investments Allowed Actual Percentage Conclusion
Wells Fargo Advisors (WFA) 50.00% 26.00% In Compliance
UBS Financial Services, Inc 50.00% 12.88% In Compliance United Security Bank (USB) 50.00% 38.35% In Compliance
West America Bank (WAB) 50.00% 3.55% In Compliance
Piper Sandler & Co. 50.00% 16.62% In Compliance
Based on the above information, the City is not in compliance with its most recent investment policy adopted on March 3, 2026. Most of the City’s current investments are negotiable certificates of deposit (38.88%) when this investment type can only account for 30% of the City’s portfolio. The City has maintained compliance with regards to investment maturity and percentage of investments with financial institutions.

City of Taft | California
Treasurer’s Report
For the Month Ended May 31, 2026
Prepared By:

Finance Department
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Treasurer’s Report
Unaudited

TABLE OF CONTENTS
PAGE
Cash and Investment Analysis – Key Highlights.............................................................................................................1 Cash and Investment Schedules and Charts ..................................................................................................................2 Bank Reconciliation – Unrestricted Cash Accounts....................................................................................................... 3 Bank Reconciliation – Restricted Cash Accounts........................................................................................................... 4 Schedule of Cash and Investments.............................................................................................................................. 5 Schedule of Receipts and Disbursements.................................................................................................................... 6 Schedule of Interest Earned ........................................................................................................................................ 7 Schedule of Investment Composition.......................................................................................................................... 8 Chart of Investment Maturity Distribution – Original Purchase.................................................................................. 9 Chart of Investment Maturity Distribution – Remaining Maturity ............................................................................ 10 Exhibits – Trend Analysis............................................................................................................................................ 11 Exhibit A – Investment Trend..................................................................................................................................... 12 Exhibit B – Balance Trends......................................................................................................................................... 13 Exhibit C – Interest Rate Trends................................................................................................................................. 17 Exhibit D – Return on Investment Analysis................................................................................................................ 19 Exhibit E – Month-to-Month Change......................................................................................................................... 21 Exhibit F – Investment Policy Compliance Testing..................................................................................................... 24 CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Treasurer’s Investment Analysis – Key Highlights
Unaudited
1 Treasurer’s Report Analysis – Highlights
The following bullet points summarize the most significant financial results, trends, and variances for the reporting period:
• As of May 31, 2026, the City is not in compliance with its investment policy. The City’s investment portfolio includes negotiable certificates of deposit (37.29%) when the limit on this type of investment is 30%. The investments are held in the City’s Wells Fargo Advisors Certificate of Deposits account and UBS Financial Services account.
• The City has 40.77% of its funds with United Security Bank. While below the 50% threshold listed in the City’s investment policy, the City should look to spread these funds out across other financial institutions. • The City’s cash and investment balances experienced an overall increase from July 2025 to May 2026 (Exhibit E –

Page 21 ends

This account also increased by $2,317,729.27 from March 2026 to April 2026 (Exhibit E – Page 21). This is attributed to the receipt of previously withheld TDA funding for fiscal years 2021 and 2022. • As of May 31, 2026, the City’s bank statements have been fully reconciled to the general ledger. We acknowledge City staff for their support in providing the documentation necessary to complete this analysis. • The United Security Bank balance of $3,521,021.18 represents the largest share (37.51%) of operating cash and investments compared to other financial institutions.
• The PARS balance of $2,076,064.20 represents the largest share (76.42%) of restricted cash and investments relative to other institutions holding restricted funds. • The “Investment Trend Analysis as of May 31, 2026” (Exhibit A - Page 12) indicates that total investments have gradually declined over the past 12 months.
• Interest rates increased sharply in 2023, followed by a gradual decline that continued through March 2026. In April 2026 interest rates began to rise, which has continued through May 2026. • LAIF interest rates increased from February 2022 to August 2024, followed by a gradual decline that continued through May 2026.
• Variations in returns across 3-month, 6-month, and 12-month intervals are primarily driven by cash flow fluctuations affecting investment balances.

CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Treasurer’s Report
Unaudited
2 Cash and Investment
Schedules and Charts
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Bank Reconciliation – Unrestricted Cash Accounts
Unaudited
3 General Ledger Account 009-00100 009-00102 009-00101 009-00103 009-00114 009-00115 009-00104 Banking Institution West America United Security Bank LAIF United Security Bank Wells Fargo Advisors UBS Financial Services US Bancorp Total Account Type Checking Checking Investment Pool Cert. of Deposit Cert. of Deposit Bonds Bonds Unrestricted Cash Balance per Bank at 5/31/2026 $ 326,598.16 $ 3,874,146.35 $ 236,725.88 $ 306,098.67 $ 2,331,218.35 $ 1,170,174.07 $ 1,500,326.87 $ 9,745,288.35 Total Outstanding Items
Deposits in Transit - 4,700.63 - - - - - 4,700.63
Outstanding Checks (Payroll) (763.32) (26,876.39) - - - - - (27,639.71) Outstanding Checks (Operating) (3,715.25) (330,949.41) - - - - - (334,664.66) Outstanding Checks (Inmates) - - - - - - - -
Total Outstanding Items (4,478.57) (353,125.17) - - - - - (357,603.74) Adjusted Balance per Bank at 5/31/2026 $ 322,119.59 $ 3,521,021.18 $ 236,725.88 $ 306,098.67 $ 2,331,218.35 $ 1,170,174.07 $ 1,500,326.87 $ 9,387,684.61 General Ledger Balance at 5/1/2026 $ 322,165.28 $ 3,176,594.99 $ 236,725.88 $ 305,344.87 $ 2,360,433.37 $ 1,169,242.47 $ 1,509,375.00 $ 9,079,881.86 Cash Receipts
General Cash Receipts - 2,693,023.70 - - - - - 2,693,023.70 Interest Income 5.26 - - 753.80 8,542.70 316.71 - 9,618.47 Total Cash Receipts 5.26 2,693,023.70 - 753.80 8,542.70 316.71 - 2,702,642.17 Disbursements
Operating Cash Disbursements
Checks Issued - (1,195,963.14) - - - - - (1,195,963.14) Checks Voided - - - - - - - -
ACH - CalPERS - (97,754.97) - - - - - (97,754.97)
ACH - Great-West Life - (15,475.99) - - - - - (15,475.99) ACH - State Disbursement Unit - (2,496.42) - - - - - (2,496.42) Account Charges & Fees (50.95) - - - (30,000.00) - - (30,050.95) Total Operating Cash Disbursements (50.95) (1,311,690.52) - - (30,000.00) - - (1,341,741.47) Payroll Cash Disbursements
Payroll Checks Issued - (74,406.76) - - - - - (74,406.76) Payroll Direct Deposit - (764,003.28) - - - - - (764,003.28) Payroll Tax Payment 05/04 - (104,107.98) - - - - - (104,107.98) Payroll Tax Payment 05/15 - (94,388.97) - - - - - (94,388.97) Total Payroll Cash Disbursements - (1,036,906.99) - - - - - (1,036,906.99) Adjustments
Change In Fair Market Value - - - - (7,757.72) 614.89 (9,048.13) (16,190.96) Total Adjustments - - - - (7,757.72) 614.89 (9,048.13) (16,190.96) Total Disbursements
(50.95) (2,348,597.51) - - (37,757.72) 614.89 (9,048.13) (2,394,839.42) General Ledger Balance at 5/31/2026 $ 322,119.59 $ 3,521,021.18 $ 236,725.88 $ 306,098.67 $ 2,331,218.35 $ 1,170,174.07 $ 1,500,326.87 $ 9,387,684.61 CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Bank Reconciliation – Restricted Cash Accounts
Unaudited
4 General Ledger Account 010-00102 053-00100 054-00100 062-00103 070-00102 071-00104 Banking Institution Public Agency United Security Bank United Security Bank United Security Bank Wells Fargo Advisors Wells Fargo Advisors Total Total Total Cash and Account Type Retirement Services Inmate Welfare Inmate Trust LCTOP Bus Grant COP USDA WWTP Construction Restricted Cash Unrestricted Cash Investments Balance per Bank at 5/31/2026 $ 2,076,064.20 $ 124,388.50 $ 272,245.84 $ 72,006.49 $ 7,376.89 $ 180,308.98 $ 2,732,390.90 $ 9,745,288.35 $ 12,477,679.25 Total Outstanding Items
Deposits in Transit - - - - - - - 4,700.63 4,700.63
Outstanding Checks (Payroll) - - - - - - - (27,639.71) (27,639.71) Outstanding Checks (Operating) - - - - - - - (334,664.66) (334,664.66) Outstanding Checks (Inmates) - - (15,645.29) - - - (15,645.29) - (31,290.58) Total Outstanding Items - - (15,645.29) - - - (15,645.29) (357,603.74) (373,249.03) Adjusted Balance per Bank at 5/31/2026 $ 2,076,064.20 $ 124,388.50 $ 256,600.55 $ 72,006.49 $ 7,376.89 $ 180,308.98 $ 2,716,745.61 $ 9,387,684.61 $ 12,104,430.22 General Ledger Balance at 5/1/2026 $ 2,044,915.21 $ 113,973.69 $ 202,852.47 $ 72,006.49 $ 77,351.80 $ 179,792.26 $ 2,690,891.92 $ 9,079,881.86 $ 11,770,773.78 Cash Receipts
General Cash Receipts - 10,414.81 62,786.61 - 30,000.00 - 103,201.42 2,693,023.70 2,796,225.12 Interest Income 32,141.21 - - - 353.84 516.72 33,011.77 9,618.47 42,630.24 Total Cash Receipts 32,141.21 10,414.81 62,786.61 - 30,353.84 516.72 136,213.19 2,702,642.17 2,838,855.36 Disbursements
Operating Cash Disbursements
Checks Issued - - (5,815.84) - - - (5,815.84) (1,195,963.14) (1,201,778.98) Checks Voided - - - - - - - - -
ACH - CalPERS - - - - - - - (97,754.97) (97,754.97)
ACH - Great-West Life - - - - - - - (15,475.99) (15,475.99) ACH - State Disbursement Unit - - - - - - - (2,496.42) (2,496.42) Account Charges & Fees (992.22) - (3,222.69) - (100,328.75) - (104,543.66) (30,050.95) (134,594.61) Total Operating Cash Disbursements (992.22) - (9,038.53) - (100,328.75) - (110,359.50) (1,341,741.47) (1,452,100.97) Payroll Cash Disbursements
Payroll Checks Issued - - - - - - - (74,406.76) (74,406.76) Payroll Direct Deposit - - - - - - - (764,003.28) (764,003.28) Payroll Tax Payment 03/09 - - - - - - - (104,107.98) (104,107.98) Payroll Tax Payment 03/23 - - - - - - - (94,388.97) (94,388.97) Total Operating Cash Disbursements - - - - - - - (1,036,906.99) (1,036,906.99) Adjustments
Change In Fair Market Value - - - - - - - (16,190.96) (16,190.96) Total Adjustments - - - - - - - (16,190.96) (16,190.96) Total Disbursements
(992.22) - (9,038.53) - (100,328.75) - (110,359.50) (2,394,839.42) (2,505,198.92) General Ledger Balance at 5/31/2026 $ 2,076,064.20 $ 124,388.50 $ 256,600.55 $ 72,006.49 $ 7,376.89 $ 180,308.98 $ 2,716,745.61 $ 9,387,684.61 $ 12,104,430.22 CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Schedule of Cash and Investments
Unaudited
5 Percent Yield To Maturity
Account Pooled Designated And Operating Book Market Of Maturity 360 Days 365 Days Number Cash & Investments: Value Value Portfolio Date Equivalent Equivalent Operating Cash & Investments
009-00100 Passbook/Checking Accounts
West America Bank (WAB) $ 322,119.59 $ 322,119.59 3.43% Now 0.02% 0.02% 009-00102 Checking Account
United Security Bank (USB) 3,521,021.18 3,521,021.18 37.51% Now 0.00% 0.00% 009-00101 Local Agency Investment Funds (A) 236,725.88 236,725.88 2.52% Now 3.76% 3.81% 009-00103 Certificate of Deposit
United Security Bank (USB) 306,098.67 306,098.67 3.26% Now 0.02% 0.02% 009-00104 Investment - U.S. Government Securities
Piper Sandler & Co. 1,500,326.87 1,500,326.87 15.98% See Page 8 4.08% 4.14% 009-00114 Wells Fargo Advisors (WFA) 2,331,218.35 2,331,218.35 24.83% See Page 8 3.35% 3.40% 009-00115 UBS Financial Services, Inc 1,170,174.07 1,170,174.07 12.46% See Page 8 3.15% 3.19% Total Operating Cash & Investments $ 9,387,684.61 $ 9,387,684.61 100.00% Restricted Cash & Investments
010-00102 Public Agency Retirement Services (PARS) $ 2,076,064.20 $ 2,076,064.20 76.42% Now 8.08% 8.19% 053-00100 Restricted Cash - Inmate Welfare Fund 124,388.50 124,388.50 4.58% Now 0.02% 0.02% 054-00100 Restricted Cash - Inmate Trust Fund 256,600.55 256,600.55 9.45% Now 0.02% 0.02% 062-00103 Restricted Cash - LCTOP-BUS PASSES 72,006.49 72,006.49 2.65% Now 0.02% 0.03% 070-00102 Restricted Cash - COP USDA (WFA Acct #3386) (2,649.94) (2,649.94) -0.10% Now 3.15% 3.19% 071-00102 Monies To Hold Acct Open From Fund 71 (WFA Acct #3386) 10,026.83 10,026.83 0.37% N/A N/A N/A 071-00104 Restricted Cash - WWTP Construction (WFA Acct #8423) 180,308.98 180,308.98 6.64% Now 3.15% 3.19% Total Restricted Cash & Investments $ 2,716,745.61 $ 2,716,745.61 100.00% Grand Total Cash & Investments $ 12,104,430.22 $ 12,104,430.22 Ben Mangum, Treasurer, City of Taft
This report is presented pursuant to the City of Taft's Investment Policy which was revised by the Taft City Council at its regularly scheduled meeting of March 2026. There are sufficient funds to meet the next 6 months' obligations. (A) As allowed by California Government Code Section 53646(e), attached Exhibit D & Exhibit E provides the agency current market value as of the reporting date, May 31, 2026.

CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Schedule of Receipts and Disbursements
Unaudited
6 Balance Balance
As of Investment Transfer Transfer As Of
5/1/2026 Receipts Disbursements Interest Paid Gain/Loss In (Out) 5/31/2026 Interest Earned Pooled Operating Cash & Investments:

Passbook/Checking Account - West America $ 322,165.28 $ - $ (50.95) $ 5.26 $ - $ - $ - $ 322,119.59 $ 5.26 Checking Account-United Security Bank 3,176,594.99 2,693,023.70 (2,348,597.51) - - - - 3,521,021.18 - Cetificate Of Deposit/United Security Bank 305,344.87 - - 753.80 - - - 306,098.67 753.80 Local Agency Investment Fund 236,725.88 - - - - - - 236,725.88 - Investment-U.S. Government Securities 1,509,375.00 - - - (9,048.13) - - 1,500,326.87 - Certificate Of Deposit/Wells Fargo Advisors 2,360,433.37 - - 8,542.70 (7,757.72) - (30,000.00) 2,331,218.35 8,542.70 Certificate Of Deposit/UBS Financial Services Inc. 1,169,242.47 - - 316.71 614.89 - - 1,170,174.07 316.71 Total Pooled Operating Cash & Investments $ 9,079,881.86 $ 2,693,023.70 $ (2,348,648.46) $ 9,618.47 $ (16,190.96) $ - $ (30,000.00) $ 9,387,684.61 $ 9,618.47 Restricted Cash & Investments
Public Agency Retirement Services (PARS) $ 2,044,915.21 $ - $ (992.22) $ 32,141.21 $ - $ - $ - $ 2,076,064.20 $ 32,141.21 Inmate Welfare Fund 113,973.69 10,414.81 - - - - - 124,388.50 - Inmate Trust Fund 202,852.47 62,786.61 (9,038.53) - - - - 256,600.55 - Escrow Account-CDFW - - - - - - - - -
LCTOP-Bus Passes 72,006.49 - - - - - - 72,006.49 -
2019 Rev. Refunding Bond - Us Bank - - - - - - - - -
Wells Fargo Advisors - WWTP Construction (WFA Acct #8423) 179,792.26 - - 516.72 - - - 180,308.98 516.72 *Wells Fargo Advisors - COP USDA (WFA Acct #3386) 67,324.97 - (100,328.75) 353.84 - 30,000.00 - (2,649.94) 353.84 *Monies To Hold Acct (70) From FD 71 (WFA Acct #3386) 10,026.83 - - - - - - 10,026.83 - Total Restricted Cash & Investments $ 2,690,891.92 $ 73,201.42 $ (110,359.50) $ 33,011.77 $ - $ 30,000.00 $ - $ 2,716,745.61 $ 33,011.77 Grand Total Cash & Investments $ 11,770,773.78 $ 2,766,225.12 $ (2,459,007.96) $ 42,630.24 $ (16,190.96) $ 30,000.00 $ (30,000.00) $ 12,104,430.22 $ 42,630.24 *Wells Fargo Advisors Acct 3886 is split into two general ledger accounts across Fund 70 and Fund 71 on the City's books. The sum of these accounts equals the adjusted bank balance on the bank reconciliation.

CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Schedule of Interest Earned
Unaudited
7 Interest earned during the current month ended May 31, 2026 are as follows:

Pooled Cash & Investments Monthly Quarterly Semi-Annual Annual Total West America $ 5.26 $ - $ - $ - $ 5.26
United Security Bank 753.80 - - - 753.80
Local Agency Investment Fund - - - - -
Piper Sandler & Co. - - - - -
Wells Fargo Advisors 8,542.70 - - - 8,542.70
UBS Financial Services 316.71 - - - 316.71
Restricted Cash & Investments 870.56 - - - 870.56
Total Interest Earned for the Month Ending 5/31/2026 $ 10,489.03 $ - $ - $ - $ 10,489.03 Quarterly interest earning is as follows:

Quarter Ending Quarter Ending Quarter Ending Month Ending Fiscal Pooled Cash & Investments 9/30/2025 12/31/2025 3/31/2026 5/31/2026 Year to Date West America $ 15.14 $ 3.10 $ 7.63 $ 9.90 $ 35.77
United Security Bank 2,819.62 2,550.22 2,254.90 1,530.77 9,155.51 Local Agency Investment Fund 6,212.40 6,269.85 4,201.12 2,294.66 18,978.03 Piper Sandler & Co. - 9,375.00 - 9,375.00 18,750.00
Wells Fargo Advisors 22,968.91 21,374.79 22,787.58 12,495.78 79,627.06 UBS Financial Services 10,195.39 14,694.40 4,784.94 2,827.94 32,502.67 Restricted Cash & Investments 1,893.48 2,168.84 2,366.88 1,404.35 7,833.55 Total Unrestriced Cash & Investments (Excluding LAIF) $ 37,892.54 $ 50,166.35 $ 32,201.93 $ 27,643.74 $ 147,904.56 Total Pooled Cash & Investment Interest Earnings $ 44,104.94 $ 56,436.20 $ 36,403.05 $ 29,938.40 $ 166,882.59 CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Schedule of Investment Composition
Unaudited
8 Bank
Settlement
Date Cost Of CD
Market
Value Of CD
Interest
Rate Term
Maturity
Date
Interest Earned
In Fiscal Year
Interest
Pays
US Government Securities
Federal Home LN BNKS 5/6/2026 $ 1,500,000.00 $ 1,500,326.87 4.14% 5 Years 4/29/2031 $ - Semi-Annually Wells Fargo Advisors Investments
Goldman Sachs BK USA CD 9/29/2021 200,000.00 198,028.00 1.06% 5 Years 9/29/2026 2,100.00 Semi-Annually New Valley Bank 3/3/2022 169,242.00 167,174.60 1.72% 5 Years 2/25/2027 2,644.52 Monthly Eaglemark Svgs BK 3/9/2022 100,000.00 98,462.00 2.03% 5 Years 3/9/2027 2,000.00 Semi-Annually Capital One BK McLean VA 5/4/2022 250,000.00 247,755.00 3.07% 5 Years 5/4/2027 7,625.00 Semi-Annually Discover Greenwood 6/7/2022 20,000.00 19,826.00 3.17% 5 Years 6/7/2027 315.86 Semi-Annually Comenity Bank Wilmingtn 6/13/2022 200,000.00 197,745.60 3.18% 5 Years 6/14/2027 5,764.95 Monthly FFB Bank CD 11/25/2024 210,000.00 209,985.30 4.30% 5 Years 3/27/2029 9,516.52 Monthly Hiawatha Natl Bank CD 10/28/2024 45,000.00 44,996.40 4.35% 5 Years 10/26/2029 1,791.22 Monthly CFG Bank/Md CCD 10/22/2025 75,000.00 73,906.50 4.05% 5 Years 10/31/2030 1,495.89 Semi-Annually Morgan Stanley BK NA CD 12/8/2025 100,000.00 98,680.00 4.10% 5 Years 12/17/2030 - Semi-Annually Sallie Mae Bank/Salt CD 1/7/2026 250,000.00 244,967.50 3.82% 5 Years 1/14/2031 - Semi-Annually UBS Bank USA CD 1/7/2026 250,000.00 244,937.50 3.82% 5 Years 1/14/2031 3,082.19 Monthly Great Midwest BK SSB CD 1/20/2026 250,000.00 244,515.00 3.93% 5 Years 1/22/2031 3,164.40 Monthly JP Morgan Chase BK NA CD 3/16/2026 120,000.00 118,257.60 4.10% 5 Years 3/20/2031 - Semi-Annually JP Morgan Chase BK Columbus 4/28/2026 100,000.00 99,990.00 4.27% 5 Years 4/28/2031 - Semi-Annually Total Wells Fargo Advisors $ 2,339,242.00 $ 2,309,227.00 $ 39,500.55 UBS Financial Services
Freedom First Fed VA US 9/18/2025 100,000.00 99,987.00 3.85% 1 Year 6/24/2026 2,847.96 Monthly Goldman Sachs 8/9/2021 100,000.00 99,346.00 1.01% 5 Years 8/18/2026 1,000.00 Semi-Annually Safra Natl BK 9/18/2025 100,000.00 99,890.00 3.70% 1 Year 9/23/2026 - Annual Bank United NA Flor 12/14/2021 199,400.00 197,262.00 1.37% 5 Years 12/8/2026 1,353.70 Quarterly Goldman Sachs Bank NY 3/4/2025 125,000.00 125,247.50 4.29% 2 Years 3/11/2027 5,375.00 Semi-Annually Morgan Stanley BK UT 10/2/2025 120,000.00 119,349.60 3.67% 2 Years 10/8/2027 2,184.00 Semi-Annually Morgan Stanley Prv NY 12/17/2025 200,000.00 198,258.00 3.77% 3 Years 12/6/2028 - Semi-Annually Sallie Mae Bank UT 12/15/2025 211,000.00 207,680.97 3.88% 5 Years 12/17/2030 - Semi-Annually Total UBS Financial Services $ 1,155,400.00 $ 1,147,021.07 $ 12,760.66 Total Investments and Interest Earned $ 4,994,642.00 $ 4,956,574.94 $ 52,261.21 CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Chart of Investment Maturity Distribution – Original Purchase Unaudited
9 Maturity Distribution - Original Purchase
Portfolio/Benchmark 0-1
Years
1-2
Years
2-3
Years
3-4
Years
4-5
Years
>5
Years
US Treasuries 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%
Certificates of Deposits 5.72% 7.01% 5.72% 0.00% 81.54% 0.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%
100.00%
0-1
Years
1-2
Years
2-3
Years
3-4
Years
4-5
Years
>5
Years Composition of Investments (%)
Time to Maturity (Years)
US Treasuries
Certificates of Deposits
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Chart of Investment Maturity Distribution – Remaining Maturity Unaudited
10 Maturity Distribution - Remaining Maturity
Portfolio/Benchmark 0-1
Years
1-2
Years
2-3
Years
3-4
Years
4-5
Years
>5
Years
US Treasuries 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%
Certificates of Deposits 38.45% 9.73% 11.73% 1.29% 38.80% 0.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%
100.00%
0-1
Years
1-2
Years
2-3
Years
3-4
Years
4-5
Years
>5
Years Composition of Investments (%)
Time to Maturity (Years)
US Treasuries
Certificates of Deposits
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Treasurer’s Report
Unaudited
Exhibits
Trend Analysis
11 CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit A – Investment Trend
Unaudited
12 Balance As of Balance As of Balance As of Balance As of Balance As of Changes Unrestricted Investments 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026 Inc (dec) Certificates of Deposits - United Security Bank $ 295,974.23 $ 298,784.89 $ 301,506.57 $ 303,867.82 $ 306,098.67 $ 10,124.44 Local Agency Investment Fund 567,747.85 573,960.25 230,230.10 234,431.22 236,725.88 (331,021.97) Investments-U.S. Government Securities 1,459,875.00 1,473,795.00 1,484,910.00 1,494,165.00 1,500,326.87 40,451.87 Piper Sandler & Co.

Certificates of Deposits - Wells Fargo Advisors 2,961,747.78 3,000,559.13 2,334,658.76 2,355,579.01 2,331,218.35 (630,529.43) Certificates of Deposits - UBS Financial Services 1,391,228.98 1,149,633.01 1,154,808.11 1,163,954.69 1,170,174.07 (221,054.91) Total Unrestricted Investments $ 6,676,573.84 $ 6,496,732.28 $ 5,506,113.54 $ 5,551,997.74 $ 5,544,543.84 $(1,132,030.00) Restricted Investments
Public Agency Retirement Services (PARS) $ 1,864,578.28 $ 1,941,721.41 $ 1,999,249.60 $ 2,051,549.39 $ 2,076,064.20 $ 211,485.92 Wells Fargo Advisors - WWTP Construction 173,486.43 175,295.16 177,075.83 178,774.71 180,308.98 6,822.55 Wells Fargo Advisors - COP USDA 2,459.26 2,666.03 76,513.67 76,733.61 7,376.89 4,917.63 Total Restricted Investments $ 2,040,523.97 $ 2,119,682.60 $ 2,252,839.10 $ 2,307,057.71 $ 2,263,750.07 $ 223,226.10 Total Investments $ 8,717,097.81 $ 8,616,414.88 $ 7,758,952.64 $ 7,859,055.45 $ 7,808,293.91 $ (908,803.90) CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit B – Balance Trends
Unaudited
13 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026 Amount ($) Date
Comparison of Unrestricted Cash and Investment Balances from May 2025 to May 2026
Certificates of Deposits - United Security Bank
Local Agency Investment Fund
Investments-U.S. Government Securities
Certificates of Deposits - Wells Fargo Advisors
Certificates of Deposits - UBS Financial Services
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit B – Balance Trends (Continued)
Unaudited
14 $-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026 Amount ($) Date
Composition of Unrestricted Investment Account Balances from May 2025 to May 2026
Certificates of Deposits - UBS Financial Services
Certificates of Deposits - Wells Fargo Advisors
Investments-U.S. Government Securities
Local Agency Investment Fund
Certificates of Deposits - United Security Bank
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit B – Balance Trends (Continued)
Unaudited
15 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026 Amount ($) Date
Comparison of Restricted Cash and Investment Balances
from May 2025 to May 2026
Public Agency Retirement Services (PARS)
Wells Fargo Advisors - WWTP Construction
Wells Fargo Advisors - COP USDA
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit B – Balance Trends (Continued)
Unaudited
16 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026 Amount ($) Date
Composition of Restricted Investment Account Balances
from May 2025 to May 2026
Wells Fargo Advisors - COP USDA
Wells Fargo Advisors - WWTP Construction
Public Agency Retirement Services (PARS)
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit C– Interest Rate Trends (Continued)
Unaudited
17 0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00% Efferctive Yield (%)
Treasury Date
Comparison of FDIC Monthly National Yields
from July 2021 to May 2026
Money Market <100M
1 month CD <100M
3 month CD <100M
6 month CD <100M
12 month CD <100M
24 month CD <100M
36 month CD <100M
60 month CD <100M
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit C– Interest Rate Trends (Continued)
Unaudited
18 0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00% Average Monthly Yield (%)
Month and Year
Comparison of LAIF Monthly Yields
from April 2021 to May 2026
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit D– Return on Investment Analysis
Unaudited
19 Return Return Return
3-Month Yield 6-Month Yield 12-Month Yield
Unrestricted Investments
Certificates of Deposits - United Security Bank 0.73% 1.52% 3.42% Local Agency Investment Fund 0.98% 154.84% 3.34%
Investments-U.S. Government Securities 0.41% 1.04% 2.77% Piper Sandler & Co.

Certificates of Deposits - Wells Fargo 0.24% 31.12% 3.36% Certificates of Deposits - UBS Financial Services 0.53% 1.33% 2.66% Restricted Investments
Public Agency Retirement Services (PARS) 1.19% 3.84% 11.34% Wells Fargo Advisors - WWTP Construction 0.86% 1.83% 3.93% Wells Fargo Advisors - COP USDA 1.27% -94.73% 4128.99%
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit D– Return on Investment Analysis (Continued)
Unaudited
20 *Return on investment percentage variation is attributed to volatility in investment balances. -500%
0%
500%
1000%
1500%
2000%
2500%
3000%
3500%
4000%
4500%
Return 3-Month Yield Return 6-Month Yield Return 12-Month Yield CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit E – Month-to-Month Change
Unaudited
21 Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Monthly Change Overall Change 7/31/2025 8/31/2025 9/30/2025 10/31/2025 11/30/2025 12/31/2025 1/31/2026 2/28/2026 3/31/2026 4/30/2026 5/31/2026 Inc (Dec) Inc (Dec) Unrestricted Cash & Investments
Passbook/Checking Accounts West America Bank (WAB) $ 392,918.92 $ 446,771.43 $ 44,708.74 $ 81,047.81 $ 31,830.64 $ 68,911.27 $ 128,503.71 $ 166,237.69 $ 202,651.17 $ 322,165.28 $ 322,119.59 $ (45.69) $ (70,799.33) Checking Account
United Security Bank (USB) 854,763.55 1,049,667.08 986,968.20 (234,420.71) 739,427.05 1,103,983.39 809,888.93 1,137,544.96 858,865.72 3,176,594.99 3,521,021.18 344,426.19 2,666,257.63 Certificates of Deposits - United Security Bank 297,834.85 298,784.89 299,737.95 300,626.11 301,506.57 302,313.00 303,094.60 303,867.82 304,567.90 305,344.87 306,098.67 753.80 8,263.82 Local Agency Investment Fund 573,960.25 573,960.25 573,960.25 580,230.10 230,230.10 230,230.10 234,431.22 234,431.22 234,431.22 236,725.88 236,725.88 - (337,234.37) Investments-U.S. Government Securities 1,467,690.00 1,473,795.00 1,478,625.00 1,481,805.00 1,484,910.00 1,488,840.00 1,491,510.00 1,494,165.00 1,497,195.00 1,509,375.00 1,500,326.87 (9,048.13) 32,636.87 Piper Sandler & Co.

Certificates of Deposits - Wells Fargo 2,990,582.01 3,000,559.13 3,012,372.12 2,722,278.64 2,334,658.76 2,342,333.41 2,350,888.34 2,355,579.01 2,354,344.64 2,360,433.37 2,331,218.35 (29,215.02) (659,363.66) Certificates of Deposits - UBS Financial Services 1,402,140.04 1,149,633.01 1,154,751.84 1,152,140.71 1,154,808.11 1,159,082.62 1,161,231.98 1,163,954.69 1,165,986.23 1,169,242.47 1,170,174.07 931.60 (231,965.97) Total Unrestricted Cash & Investments $ 7,979,889.62 $ 7,993,170.79 $ 7,551,124.10 $ 6,083,707.66 $ 6,277,371.23 $ 6,695,693.79 $ 6,479,548.78 $ 6,855,780.39 $ 6,618,041.88 $ 9,079,881.86 $ 9,387,684.61 $ 307,802.75 $ 1,407,794.99 Restricted Cash & Investments
Public Agency Retirement Services (PARS) $ 1,912,660.54 $ 1,941,721.41 $ 1,973,371.80 $ 1,991,878.92 $ 1,999,249.60 $ 1,999,343.75 $ 2,018,867.48 $ 2,051,549.39 $ 1,986,292.64 $ 2,044,915.21 $ 2,076,064.20 $ 31,148.99 $ 163,403.66 Wells Fargo Advisors - WWTP Construction 174,683.66 175,295.16 175,907.82 176,490.44 177,075.83 177,628.95 178,236.34 178,774.71 179,258.47 179,792.26 180,308.98 516.72 5,625.32 Wells Fargo Advisors - COP USDA 2,666.03 2,666.03 2,691.99 2,691.99 76,513.67 76,733.61 76,733.61 76,733.61 77,351.80 77,351.80 7,376.89 (69,974.91) 4,710.86 Restricted Cash - Inmate Welfare Fund 57,777.41 63,452.19 69,306.10 73,853.07 79,207.44 92,930.61 92,930.61 100,716.60 107,850.03 113,973.69 124,388.50 10,414.81 66,611.09 Restricted Cash - Inmate Trust Fund 83,070.80 107,558.26 135,802.69 121,732.65 176,410.44 251,780.50 251,683.45 311,059.78 140,658.81 202,852.47 256,600.55 53,748.08 173,529.75 Restricted Cash - LCTOP-BUS PASSES 71,952.46 71,952.46 71,970.60 71,970.60 71,970.60 71,988.74 71,988.74 71,988.74 72,006.49 72,006.49 72,006.49 - 54.03 Total Restricted Cash & Investments $ 2,302,810.90 $ 2,362,645.51 $ 2,429,051.00 $ 2,438,617.67 $ 2,580,427.58 $ 2,670,406.16 $ 2,690,440.23 $ 2,790,822.83 $ 2,563,418.24 $ 2,690,891.92 $ 2,716,745.61 $ 25,853.69 $ 413,934.71 Total Cash & Investments $ 10,282,700.52 $ 10,355,816.30 $ 9,980,175.10 $ 8,522,325.33 $ 8,857,798.81 $ 9,366,099.95 $ 9,169,989.01 $ 9,646,603.22 $ 9,181,460.12 $ 11,770,773.78 $12,104,430.22 $ 333,656.44 $1,821,729.70 CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit E – Month-to-Month Change (Continued)
Unaudited
22 $(500,000)
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000 Investment Balance ($)
Date
Illustration of Unrestricted Cash & Investment Balances from July 2025 to May 2026
West America Bank (WAB)
United Security Bank (USB)
Certificates of Deposits - United Security Bank
Local Agency Investment Fund
Investments-U.S. Government Securities
Piper Sandler & Co.

Certificates of Deposits - Wells Fargo
Certificates of Deposits - UBS Financial Services
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit E – Month-to-Month Change (Continued)
Unaudited
23 $-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000 Investment Balance ($)
Date
Illustration of Restricted Cash & Investment Balances
from July 2025 to May 2026
Public Agency Retirement Services (PARS)
Wells Fargo Advisors - WWTP Construction
Wells Fargo Advisors - COP USDA
Restricted Cash - Inmate Welfare Fund
Restricted Cash - Inmate Trust Fund
Restricted Cash - LCTOP-BUS PASSES
CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit F – Investment Policy Compliance Testing
Unaudited
24 Testing the current investment portfolio ensures the City remains in compliance with its adopted policy. The following is an excerpt from the City’s most recent investment policy adopted on March 3, 2026:

3. Certificates of Deposit (or Time Deposits) placed with commercial banks and/or savings and loans.

4. Negotiable Certificates of Deposit.

5. Local Agency Investment Fund (State Pool) Demand Deposit.

6. Passbook Savings Accounts.

7. County Pooled Funds.

8. “NOW” Demand Deposits.

Maturities
Security purchases and holdings shall be maintained within statutory limits imposed by the Government Code. Current limits are:

CITY OF TAFT | FOR THE MONTH ENDED May 31, 2026
Exhibit F – Investment Policy Compliance Testing (Continued) Unaudited
25 The results of compliance tests with the City’s investment policy are as follows:

Permitted Investments/Deposits
Percentage/Amount
Allowed
Actual
Percentage/Amount
Maximum
Maturity
Actual Maximum
Maturity Conclusion
*US Government Treasury Securities Unlimited 15.98% 5 Years 5 Years In Compliance *Certificates of Deposits Unlimited 3.26% 5 Years 5 Years In Compliance *Negotiable Certificates of Deposit 30% 37.29% 5 Years 5 Years Not in Compliance LAIF 15,000,000.00 236,725.88 N/A N/A In Compliance
Passbook Deposits --- 40.94% N/A N/A In Compliance
County Pooled Funds 50% 0% N/A N/A In Compliance
*Additional support for maximum investment maturity can be found in "Chart of Investment Maturity Distribution - Original Purchase" on Page 9 and "Chart of Investment Maturity Distribution - Remaining Maturity" on Page 10 of this report.

Financial Institutions
Percentage of
Investments Allowed Actual Percentage Conclusion
Wells Fargo Advisors (WFA) 50.00% 24.83% In Compliance
UBS Financial Services, Inc 50.00% 12.46% In Compliance United Security Bank (USB) 50.00% 40.77% In Compliance
West America Bank (WAB) 50.00% 3.43% In Compliance
Piper Sandler & Co. 50.00% 15.98% In Compliance
Based on the above information, the City is not in compliance with its most recent investment policy adopted on March 3, 2026. The portion of the City’s current investments comprised of negotiable certificates of deposit make up 37.29% of the City’s portfolio when limit on this investment type is 30%. The City has maintained compliance with regards to investment maturity and percentage of investments with financial institutions but has 40.77% of funds with United Security Bank.

City of Taft | California
Treasurer’s Report
For the Month Ended June 30, 2026
Prepared By:

Finance Department
CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Treasurer’s Report
Unaudited

TABLE OF CONTENTS
PAGE
Cash and Investment Analysis – Key Highlights .......................................................................................................... 1 Cash and Investment Schedules and Charts ............................................................................................................... 3 Bank Reconciliation – Unrestricted Cash Accounts ....................................................................................................... 4 Bank Reconciliation – Restricted Cash Accounts ........................................................................................................... 5 Schedule of Cash and Investments .............................................................................................................................. 6 Schedule of Receipts and Disbursements .................................................................................................................... 7 Schedule of Interest Earned ........................................................................................................................................ 8 Schedule of Investment Composition .......................................................................................................................... 9 Chart of Investment Maturity Distribution – Original Purchase ................................................................................ 10 Chart of Investment Maturity Distribution – Remaining Maturity ............................................................................ 11 Exhibits – Trend Analysis ............................................................................................................................................ 12 Exhibit A – Investment Trend..................................................................................................................................... 13 Exhibit B – Balance Trends ......................................................................................................................................... 14 Exhibit C – Interest Rate Trends ................................................................................................................................. 18 Exhibit D – Return on Investment Analysis ................................................................................................................ 20 Exhibit E – Month-to-Month Change ......................................................................................................................... 22 Exhibit F – Investment Policy Compliance Testing ..................................................................................................... 25 CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Treasurer’s Investment Analysis – Key Highlights
Unaudited
1 Treasurer’s Report Analysis – Highlights
The following bullet points summarize the most significant financial results, trends, and variances for the reporting period:
• As of June 30, 2026, the City is not in compliance with its investment policy. The City’s investment portfolio includes negotiable certificates of deposit (43.60%) when the limit on this type of investment is 30%. The investments are held in the City’s Wells Fargo Advisors Certificate of Deposits account and UBS Financial Services account.
• The City’s cash and investment balances experienced an overall increase from July 2025 to June 2026 (Exhibit E –

Page 21 ends

April 2026.
• The City’s United Security Bank checking account had a deficit of $234,420.71 in October 2025. This was attributed to outstanding checks of over $700,000 (Exhibit E – Page 21). The deficit has since been corrected.

This account also increased by $2,317,729.27 from March 2026 to April 2026 (Exhibit E – Page 21). This is attributed to the receipt of previously withheld TDA funding for fiscal years 2021 and 2022. • The City’s United Security bank account decreased by $1,349,359.87 from the previous month. This can be attributed to outstanding checks made of $1.03 million made to the City and Model 1 Commercial Vehicles, Inc. • As of June 30, 2026, the City’s bank statements have been fully reconciled to the general ledger. We acknowledge City staff for their support in providing the documentation necessary to complete this analysis. • As of August 7, 2026, the City determined that payments were made from the wrong inmate accounts. These changes are currently being reviewed, and corrections will be made in August 2026. The current estimated adjustment to each account is as follows: a decrease in the Inmate Welfare Fund by $2,942.73, and an increase in the Inmate Trust Fund by $2,942.73.
• The Wells Fargo Advisors account ending in 4813 represents the largest share (29.01%) of operating cash and investments compared to other financial institutions.
• The PARS balance of $2,076,175.59 represents the largest share (81.56%) of restricted cash and investments relative to other institutions holding restricted funds. • The “Investment Trend Analysis as of June 30, 2026” (Exhibit A - Page 12) indicates that total investments have gradually declined over the past 12 months.
• Interest rates increased sharply in 2023, followed by a gradual decline that continued through March 2026. In April 2026 interest rates began to rise, which has continued through June 2026.

CITY OF TAFT | FOR THE MONTH ENDED FEBRUARY 28, 2026
Treasurer’s Report
Unaudited
• LAIF interest rates increased from February 2022 to August 2024, followed by a gradual decline that continued through May 2026. Since then, rates have stagnated as of June 2026. • Variations in returns across 3-month, 6-month, and 12-month intervals are primarily driven by cash flow fluctuations affecting investment balances.

CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Treasurer’s Report
Unaudited
3 Cash and Investment
Schedules and Charts
CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Bank Reconciliation – Unrestricted Cash Accounts
Unaudited
4 General Ledger Account 009-00100 009-00102 009-00101 009-00103 009-00114 009-00115 009-00104 Banking Institution West America United Security Bank LAIF United Security Bank Wells Fargo Advisors UBS Financial Services US Bancorp TotalAccount Type Checking Checking Investment Pool Cert. of Deposit Cert. of Deposit Bonds Bonds Unrestricted CashBalance per Bank at 6/30/2026 $ 3,352,943.89 326,553.93 $ 236,725.88 $ 306,879.55 $ 2,330,896.60 $ 1,172,145.10 $ 1,494,911.87 $ 9,221,056.82 $ Total Outstanding ItemsDeposits in Transit - 949.30 - - - - - 949.30 Outstanding Checks (Payroll) (763.32) (19,588.60) - - - - - (20,351.92) Outstanding Checks (Operating) (3,715.25) (1,162,643.28) - - - - - (1,166,358.53) Outstanding Checks (Inmates) - - - - - - - -
Total Outstanding Items (1,181,282.58) (4,478.57) - - - - - (1,185,761.15) Adjusted Balance per Bank at 6/30/2026 $ 322,075.36 2,171,661.31 $ 236,725.88 $ 306,879.55 $ 2,330,896.60 $ 1,172,145.10 $ 1,494,911.87 $ 8,035,295.67 $ General Ledger Balance at 6/1/2026 $ 3,521,021.18 322,119.59 $ 236,725.88 $ 306,098.67 $ 2,331,218.35 $ 1,170,174.07 $ 1,500,326.87 $ 9,387,684.61 $ Cash Receipts
General Cash Receipts 32.49 1,421,093.13 - - - - - 1,421,125.62 Interest Income 5.81 - - 780.88 5,726.60 8,798.54 - 15,311.83 Total Cash Receipts 38.30 1,421,093.13 - 780.88 5,726.60 8,798.54 - 1,436,437.45 Disbursements
Operating Cash Disbursements
Checks Issued - (2,093,497.41) - - - - - (2,093,497.41) Checks Voided - 401,231.32 - - - - - 401,231.32
ACH - CalPERS - (156,496.33) - - - - - (156,496.33)
ACH - Great-West Life - (23,137.69) - - - - - (23,137.69) ACH - State Disbursement Unit - (2,251.35) - - - - - (2,251.35) Account Charges & Fees (82.53) (26,026.36) - - - - - (26,108.89) Total Operating Cash Disbursements (82.53) (1,900,177.82) - - - - - (1,900,260.35) Payroll Cash Disbursements
Payroll Checks Issued - (52,132.46) - - - - - (52,132.46) Payroll Direct Deposit - (510,548.29) - - - - - (510,548.29) Payroll Tax Payment 06/01 - (102,617.54) - - - - - (102,617.54) Payroll Tax Payment 06/15 - (108,718.93) - - - - - (108,718.93) Payroll Tax Payment 06/29 - (96,257.96) - - - - - (96,257.96) Total Payroll Cash Disbursements - (870,275.18) - - - - - (870,275.18) Adjustments
Change In Fair Market Value - - - - (6,048.35) (6,827.51) (5,415.00) (18,290.86) Total Adjustments - - - - (6,048.35) (6,827.51) (5,415.00) (18,290.86) Total Disbursements (2,770,453.00) (82.53) - - (6,048.35) (6,827.51) (5,415.00) (2,788,826.39) General Ledger Balance at 6/30/2026 322,075.36 $ 2,171,661.31 $ 236,725.88 $ 306,879.55 $ 2,330,896.60 $ 1,172,145.10 $ 1,494,911.87 $ 8,035,295.67 $ CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Bank Reconciliation – Restricted Cash Accounts
Unaudited
5 General Ledger Account 010-00102 053-00100 054-00100 062-00103 070-00102 071-00104 Banking Institution Public Agency United Security Bank United Security Bank United Security Bank Wells Fargo Advisors Wells Fargo Advisors Total Total Total Cash and Account Type Retirement Services Inmate Welfare Inmate Trust LCTOP Bus Grant COP USDA WWTP Construction Restricted Cash Unrestricted Cash Investments Balance per Bank at 6/30/2026 $ 132,525.55 2,076,175.59 $ 440,309.92 $ 96,411.38 $ 7,396.37 $ 180,843.44 $ 2,933,662.25 $ 9,221,056.82 $ 12,154,719.07 $ Total Outstanding ItemsDeposits in Transit - - - - - - - 949.30 949.30 Outstanding Checks (Payroll) - - - - - - - (20,351.92) (20,351.92) Outstanding Checks (Operating) - - - - - - - (1,166,358.53) (1,166,358.53) Outstanding Checks (Inmates) - - (388,091.45) - - - (388,091.45) - (776,182.90) Total Outstanding Items - - (388,091.45) - - - (388,091.45) (1,185,761.15) (1,573,852.60) Adjusted Balance per Bank at 6/30/2026 $ 2,076,175.59 132,525.55 $ 52,218.47 $ 96,411.38 $ 7,396.37 $ 180,843.44 $ 2,545,570.80 $ 8,035,295.67 $ 10,580,866.47 $ General Ledger Balance at 6/1/2026 $ 124,388.50 2,076,064.20 $ 256,600.55 $ 72,006.49 $ 7,376.89 $ 180,308.98 $ 2,716,745.61 $ 9,387,684.61 $ 12,104,430.22 $ Cash Receipts
General Cash Receipts - 8,106.64 169,033.23 24,385.00 - 201,524.87 1,421,125.62 1,622,650.49 Interest Income 1,127.28 30.41 61.36 19.89 19.48 534.46 1,792.88 15,311.83 17,104.71 Total Cash Receipts 1,127.28 8,137.05 169,094.59 24,404.89 19.48 534.46 203,317.75 1,436,437.45 1,639,755.20 Disbursements
Operating Cash Disbursements
Checks Issued - - (373,476.67) - - - (373,476.67) (2,093,497.41) (2,466,974.08) Checks Voided - - - - - - - 401,231.32 401,231.32
ACH - CalPERS - - - - - - - (156,496.33) (156,496.33)
ACH - Great-West Life - - - - - - - (23,137.69) (23,137.69) ACH - State Disbursement Unit - - - - - - - (2,251.35) (2,251.35) Account Charges & Fees (1,015.89) - - - - - (1,015.89) (26,108.89) (27,124.78) Total Operating Cash Disbursements (1,015.89) - (373,476.67) - - - (374,492.56) (1,900,260.35) (2,274,752.91) Payroll Cash Disbursements
Payroll Checks Issued - - - - - - - (52,132.46) (52,132.46) Payroll Direct Deposit - - - - - - - (510,548.29) (510,548.29) Payroll Tax Payment 06/01 - - - - - - - (102,617.54) (102,617.54) Payroll Tax Payment 06/15 - - - - - - - (96,257.96) (96,257.96) Total Operating Cash Disbursements - - - - - - - (761,556.25) (761,556.25) Adjustments
Change In Fair Market Value - - - - - - - (18,290.86) (18,290.86) Total Adjustments - - - - - - - (18,290.86) (18,290.86) Total Disbursements
- (1,015.89) (373,476.67) - - - (374,492.56) (2,788,826.39) (3,163,318.95) General Ledger Balance at 6/30/2026 2,076,175.59 $ 132,525.55 $ 52,218.47 $ 96,411.38 $ 7,396.37 $ 180,843.44 $ 2,545,570.80 $ 8,035,295.67 $ 10,580,866.47 $ CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Schedule of Cash and Investments Unaudited
6 Percent Yield To Maturity
Account Pooled Designated And Operating Book Market Of Maturity 360 Days 365 DaysNumber Cash & Investments: Value Value Portfolio Date Equivalent Equivalent Operating Cash & Investments
009-00100 Passbook/Checking Accounts
West America Bank (WAB) 322,075.36 $ 322,075.36 $ 4.01% Now 0.02% 0.02% 009-00102 Checking Account
United Security Bank (USB) 2,171,661.31 2,171,661.31 27.03% Now 0.00% 0.00% 009-00101 Local Agency Investment Funds (A) 236,725.88 236,725.88 2.95% Now 3.77% 3.82%009-00103 Certificate of Deposit United Security Bank (USB) 306,879.55 306,879.55 3.82% Now 0.02% 0.02% 009-00104 Investment - U.S. Government Securities
Piper Sandler & Co. 1,494,911.87 1,494,911.87 18.60% See Page 8 4.10% 4.16% 009-00114 Wells Fargo Advisors (WFA) 2,330,896.60 2,330,896.60 29.01% See Page 8 3.36% 3.41%009-00115 UBS Financial Services, Inc 1,172,145.10 1,172,145.10 14.59% See Page 8 3.21% 3.26% Total Operating Cash & Investments $ 8,035,295.67 8,035,295.67 $ 100.00% Restricted Cash & Investments
010-00102 Public Agency Retirement Services (PARS) 2,076,175.59 $ 2,076,175.59 $ 81.56% Now 9.27% 9.40% 053-00100 Restricted Cash - Inmate Welfare Fund 132,525.55 132,525.55 5.21% Now 0.02% 0.02%054-00100 Restricted Cash - Inmate Trust Fund 52,218.47 52,218.47 2.05% Now 0.02% 0.02%062-00103 Restricted Cash - LCTOP-BUS PASSES 96,411.38 96,411.38 3.79% Now 0.02% 0.03%070-00102 Restricted Cash - COP USDA (WFA Acct #3386) (2,630.46) (2,630.46) -0.10% Now 3.27% 3.32%071-00102 Monies To Hold Acct Open From Fund 71 (WFA Acct #3386) 10,026.83 10,026.83 0.39% N/A N/A N/A071-00104 Restricted Cash - WWTP Construction (WFA Acct #8423) 180,843.44 180,843.44 7.10% Now 3.15% 3.19% Total Restricted Cash & Investments $ 2,545,570.80 2,545,570.80 $ 100.00% Grand Total Cash & Investments 10,580,866.47 $ 10,580,866.47 $ Ben Mangum, Treasurer, City of Taft
This report is presented pursuant to the City of Taft's Investment Policy which was revised by the Taft City Council at its regularly scheduled meeting of March 2026. There are sufficient funds to meet the next 6 months' obligations.(A) As allowed by California Government Code Section 53646(e), attached Exhibit D & Exhibit E provides the agency current market value as of the reporting date, June 30, 2026.

CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Schedule of Receipts and Disbursements Unaudited
7 Balance Balance
As of Investment Transfer Transfer As Of
6/1/2026 Receipts Disbursements Interest Paid Gain/Loss In (Out) 6/30/2026 Interest Earned Pooled Operating Cash & Investments:Passbook/Checking Account - West America 322,119.59 $ 32.49 $ (82.53) $ 5.81 $ - $ - $ - $ 322,075.36 $ 5.81 $ Checking Account-United Security Bank 3,521,021.18 1,421,093.13 (2,746,068.00) - - - (24,385.00) 2,171,661.31 - Cetificate Of Deposit/United Security Bank 306,098.67 - - 780.88 - - - 306,879.55 780.88 Local Agency Investment Fund 236,725.88 - - - - - - 236,725.88 - Investment-U.S. Government Securities 1,500,326.87 - - - (5,415.00) - - 1,494,911.87 - Certificate Of Deposit/Wells Fargo Advisors 2,331,218.35 - - 5,726.60 (6,048.35) - - 2,330,896.60 5,726.60 Certificate Of Deposit/UBS Financial Services Inc. 1,170,174.07 - - 8,798.54 (6,827.51) - - 1,172,145.10 8,798.54 Total Pooled Operating Cash & Investments $ 1,421,125.62 9,387,684.61 $ (2,746,150.53) $ 15,311.83 $ (18,290.86) $ - $ (24,385.00) $ 8,035,295.67 $ 15,311.83 $ Restricted Cash & Investments
Public Agency Retirement Services (PARS) 2,076,064.20 $ - $ (1,015.89) $ 1,127.28 $ - $ - $ - $ 2,076,175.59 $ 1,127.28 $ Inmate Welfare Fund 124,388.50 8,106.64 - 30.41 - - - 132,525.55 30.41 Inmate Trust Fund 256,600.55 169,033.23 (373,476.67) 61.36 - - - 52,218.47 61.36 Escrow Account-CDFW - - - - - - - - -
LCTOP-Bus Passes 72,006.49 - - 19.89 - 24,385.00 - 96,411.38 19.89 2019 Rev. Refunding Bond - Us Bank - - - - - - - - -
Wells Fargo Advisors - WWTP Construction (WFA Acct #8423) 180,308.98 - - 534.46 - - - 180,843.44 534.46 *Wells Fargo Advisors - COP USDA (WFA Acct #3386) (2,649.94) - - 19.48 - - - (2,630.46) 19.48 *Monies To Hold Acct (70) From FD 71 (WFA Acct #3386) 10,026.83 - - - - - - 10,026.83 - Total Restricted Cash & Investments $ 177,139.87 2,716,745.61 $ (374,492.56) $ 1,792.88 $ - $ 24,385.00 $ - $ 2,545,570.80 $ 1,792.88 $ Grand Total Cash & Investments 12,104,430.22 $ 1,598,265.49 $ (3,120,643.09) $ 17,104.71 $ (18,290.86) $ 24,385.00 $ (24,385.00) $ 10,580,866.47 $ 17,104.71 $ *Wells Fargo Advisors Acct 3886 is split into two general ledger accounts across Fund 70 and Fund 71 on the City's books. The sum of these accounts equals the adjusted bank balance on the bank reconciliation.

CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Schedule of Interest Earned Unaudited
8 Interest earned during the current month ended June 30, 2026 are as follows:Pooled Cash & Investments Monthly Quarterly Semi-Annual Annual TotalWest America 5.81 $ - $ - $ - $ 5.81 $ United Security Bank 780.88 - - - 780.88
Local Agency Investment Fund - - - - -
Piper Sandler & Co. - - - - -
Wells Fargo Advisors 5,726.60 - - - 5,726.60
UBS Financial Services 8,798.54 - - - 8,798.54
Restricted Cash & Investments 553.94 111.66 - - 665.60
Total Interest Earned for the Month Ending 6/30/2026 $ 111.66 15,865.77 $ - $ - $ 15,977.43 $ Quarterly interest earning is as follows:

Quarter Ending Quarter Ending Quarter Ending Quarter Ending Fiscal Pooled Cash & Investments 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Year to Date West America 15.14 $ 3.10 $ 7.63 $ 15.71 $ 41.58 $
United Security Bank 2,819.62 2,550.22 2,254.90 2,311.65 9,936.39 Local Agency Investment Fund 6,212.40 6,269.85 4,201.12 2,294.66 18,978.03 Piper Sandler & Co. - 9,375.00 - 9,375.00 18,750.00
Wells Fargo Advisors 22,968.91 21,374.79 22,787.58 18,258.38 85,389.66 UBS Financial Services 10,195.39 14,694.40 4,784.94 11,626.48 41,301.21 Restricted Cash & Investments 1,893.48 2,168.84 2,366.88 2,067.63 8,496.83 Total Unrestriced Cash & Investments (Excluding LAIF) $ 50,166.35 37,892.54 $ 32,201.93 $ 43,654.85 $ 163,915.67 $ Total Pooled Cash & Investment Interest Earnings $ 56,436.20 44,104.94 $ 36,403.05 $ 45,949.51 $ 182,893.70 $ CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Schedule of Investment Composition Unaudited
9 Bank
Settlement
Date Cost Of CD
Market
Value Of CD
Interest
Rate Term
Maturity
Date
Interest Earned
In Fiscal Year
Interest
Pays
US Government Securities
Federal Home LN BNKS 5/6/2026 1,500,000.00 $ 1,500,326.87 $ 4.16% 5 Years 4/29/2031 - $ Semi-Annually Wells Fargo Advisors Investments
Goldman Sachs BK USA CD 9/29/2021 200,000.00 198,504.00 1.05% 5 Years 9/29/2026 2,100.00 Semi-Annually New Valley Bank 3/3/2022 169,242.00 167,461.90 1.72% 5 Years 2/25/2027 2,889.97 MonthlyEaglemark Svgs BK 3/9/2022 100,000.00 98,597.00 2.02% 5 Years 3/9/2027 2,000.00 Semi-AnnuallyCapital One BK McLean VA 5/4/2022 250,000.00 247,790.00 3.07% 5 Years 5/4/2027 7,625.00 Semi-AnnuallyDiscover Greenwood 6/7/2022 20,000.00 19,819.00 3.17% 5 Years 6/7/2027 630.00 Semi-AnnuallyComenity Bank Wilmingtn 6/13/2022 200,000.00 197,636.60 3.18% 5 Years 6/14/2027 6,300.02 MonthlyFFB Bank CD 11/25/2024 210,000.00 209,218.80 4.31% 5 Years 3/27/2029 10,283.45 MonthlyHiawatha Natl Bank CD 10/28/2024 45,000.00 44,820.00 4.36% 5 Years 10/26/2029 1,957.47 MonthlyCFG Bank/Md CCD 10/22/2025 75,000.00 73,496.25 4.08% 5 Years 10/31/2030 1,495.89 Semi-AnnuallyMorgan Stanley BK NA CD 12/8/2025 100,000.00 98,104.00 4.12% 5 Years 12/17/2030 2,019.45 Semi-AnnuallySallie Mae Bank/Salt CD 1/7/2026 250,000.00 243,850.00 3.84% 5 Years 1/14/2031 - Semi-AnnuallyUBS Bank USA CD 1/7/2026 250,000.00 243,830.00 3.84% 5 Years 1/14/2031 3,878.42 MonthlyGreat Midwest BK SSB CD 1/20/2026 250,000.00 243,137.50 3.95% 5 Years 1/22/2031 3,981.87 MonthlyJP Morgan Chase BK NA CD 3/16/2026 120,000.00 117,547.20 4.13% 5 Years 3/20/2031 - Semi-AnnuallyJP Morgan Chase BK Columbus 4/28/2026 100,000.00 98,757.00 4.30% 5 Years 4/28/2031 - Semi-Annually Total Wells Fargo Advisors $ 2,302,569.25 2,339,242.00 $ 45,161.54 $ UBS Financial Services
Goldman Sachs 8/9/2021 100,000.00 99,593.00 1.00% 5 Years 8/18/2026 1,000.00 Semi-AnnuallySafra Natl BK 9/18/2025 100,000.00 99,903.00 3.70% 1 Year 9/23/2026 - AnnualBank United NA Flor 12/14/2021 199,400.00 197,662.00 1.37% 5 Years 12/8/2026 2,034.25 Quarterly Goldman Sachs Bank NY 3/4/2025 125,000.00 100,136.00 4.29% 2 Years 3/11/2027 5,375.00 Semi-AnnuallyMorgan Stanley BK UT 10/2/2025 120,000.00 119,208.00 3.67% 2 Years 10/8/2027 2,184.00 Semi-AnnuallyMorgan Stanley Prv NY 12/17/2025 200,000.00 197,626.00 3.80% 3 Years 12/26/2028 3,739.73 Semi-Annually State BK India New NY 6/18/2026 115,000.00 114,982.75 4.35% 5 Years 6/28/2030 - Semi-AnnuallySallie Mae Bank UT 12/15/2025 211,000.00 207,680.97 3.88% 5 Years 12/17/2030 4,050.62 Semi-Annually Total UBS Financial Services $ 1,136,791.72 1,170,400.00 $ 18,383.60 $ Total Investments and Interest Earned $ 4,939,687.84 5,009,642.00 $ 63,545.14 $ CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Chart of Investment Maturity Distribution – Original Purchase Unaudited
10 Maturity Distribution - Original Purchase
Portfolio/Benchmark 0-1 Years 1-2 Years 2-3 Years 3-4 Years 4-5 Years >5 Years US Treasuries 0.00% 0.00% 0.00% 0.00% 100.00% 0.00%Certificates of Deposits 2.85% 6.98% 5.70% 0.00% 84.47% 0.00%

0.00%

10.00%20.00%30.00%40.00%50.00%60.00%70.00%80.00%90.00%
100.00%
0-1
Years
1-2
Years
2-3
Years
3-4
Years
4-5
Years
>5
Years
Composition of Investments (%)
Time to Maturity (Years)
US TreasuriesCertificates of Deposits
CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Treasurer’s Report
Unaudited
Exhibits
Trend Analysis
12 CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit A – Investment Trend
Unaudited
13 Balance As of Balance As of Balance As of Balance As of Balance As of Changes Unrestricted Investments 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Inc (dec) Certificates of Deposits - United Security Bank 296,918.33 $ 299,737.95 $ 302,313.00 $ 304,567.90 $ 306,879.55 $ 9,961.22 $ Local Agency Investment Fund 567,747.85 573,960.25 230,230.10 234,431.22 236,725.88 (331,021.97) Investments-U.S. Government Securities 1,464,360.00 1,478,625.00 1,488,840.00 1,497,195.00 1,494,911.87 30,551.87 Piper Sandler & Co.Certificates of Deposits - Wells Fargo Advisors 2,971,886.31 3,012,372.12 2,342,333.41 2,354,344.64 2,330,896.60 (640,989.71) Certificates of Deposits - UBS Financial Services 1,397,662.11 1,154,751.84 1,159,082.62 1,165,986.23 1,172,145.10 (225,517.01) Total Unrestricted Investments $ 6,519,447.16 6,698,574.60 $ 5,522,799.13 $ 5,556,524.99 $ 5,541,559.00 $ ($1,157,015.60) Restricted Investments
Public Agency Retirement Services (PARS) 1,908,989.64 $ 1,973,371.80 $ 1,999,343.75 $ 1,986,292.64 $ 2,076,175.59 $ 167,185.95 $ Wells Fargo Advisors - WWTP Construction 174,094.46 175,907.82 177,628.95 179,258.47 180,843.44 6,748.98Wells Fargo Advisors - COP USDA 2,666.03 2,691.99 76,733.61 77,351.80 7,396.37 4,730.34 Total Restricted Investments $ 2,151,971.61 2,085,750.13 $ 2,253,706.31 $ 2,242,902.91 $ 2,264,415.40 $ 178,665.27 $ Total Investments 8,784,324.73 $ 8,671,418.77 $ 7,776,505.44 $ 7,799,427.90 $ 7,805,974.40 $ (978,350.33) $ CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit B – Balance Trends
Unaudited
14 $-
$500,000
$1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Amount ($)
Date
Comparison of Unrestricted Cash and Investment Balances from June 2025 to June 2026
Certificates of Deposits - United Security BankLocal Agency Investment FundInvestments-U.S. Government SecuritiesCertificates of Deposits - Wells Fargo AdvisorsCertificates of Deposits - UBS Financial Services CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit B – Balance Trends (Continued)
Unaudited
15 $-
$1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Amount ($)
Date
Composition of Unrestricted Investment Account Balances from June 2025 to June 2026
Certificates of Deposits - UBS Financial ServicesCertificates of Deposits - Wells Fargo AdvisorsInvestments-U.S. Government SecuritiesLocal Agency Investment FundCertificates of Deposits - United Security Bank CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit B – Balance Trends (Continued)
Unaudited
16 $-
$500,000
$1,000,000 $1,500,000 $2,000,000 $2,500,000
6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Amount ($)
Date
Comparison of Restricted Cash and Investment Balances
from June 2025 to June 2026
Public Agency Retirement Services (PARS)Wells Fargo Advisors - WWTP ConstructionWells Fargo Advisors - COP USDA CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit B – Balance Trends (Continued)
Unaudited
17 $1,700,000 $1,800,000 $1,900,000 $2,000,000 $2,100,000 $2,200,000 $2,300,000 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Amount ($)
Date
Composition of Restricted Investment Account Balances
from June 2025 to June 2026
Wells Fargo Advisors - COP USDAWells Fargo Advisors - WWTP ConstructionPublic Agency Retirement Services (PARS) CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit C
– Interest Rate Trends (Continued)
Unaudited
18 0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%
Efferctive Yield (%)
Treasury Date
Comparison of FDIC Monthly National Yields
from August 2021 to June 2026
Money Market <100M1 month CD <100M3 month CD <100M6 month CD <100M12 month CD <100M24 month CD <100M36 month CD <100M60 month CD <100M CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit C
– Interest Rate Trends (Continued)
Unaudited
19 0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00% Average Monthly Yield (%)
Month and Year
Comparison of LAIF Monthly Yields
from May 2021 to June 2026
CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit D– Return on Investment Analysis
Unaudited
20 Return Return Return
3-Month Yield 6-Month Yield 12-Month Yield
Unrestricted InvestmentsCertificates of Deposits - United Security Bank 0.76% 1.51% 3.35%Local Agency Investment Fund 0.98% 154.84% 3.34%Investments-U.S. Government Securities -0.15% 0.41% 2.09%Piper Sandler & Co.Certificates of Deposits - Wells Fargo 0.28% 30.68% 3.00%Certificates of Deposits - UBS Financial Services 0.53% 1.13% 2.33%Restricted InvestmentsPublic Agency Retirement Services (PARS) 4.53% 3.84% 8.76%Wells Fargo Advisors - WWTP Construction 0.88% 1.81% 3.88%Wells Fargo Advisors - COP USDA 0.48% -94.72% 3801.73% CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit D– Return on Investment Analysis (Continued)
Unaudited
21 *Return on investment percentage variation is attributed to volatility in investment balances. -500%
0%
500%
1000%1500%2000%2500%3000%3500%4000%
Return 3-Month Yield Return 6-Month Yield Return 12-Month Yield CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit E – Month-to-Month Change
Unaudited
22 Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Balance As of Monthly Change Overall Change 7/31/2025 8/31/2025 9/30/2025 10/31/2025 11/30/2025 12/31/2025 1/31/2026 2/28/2026 3/31/2026 4/30/2026 5/31/2026 6/30/2026 Inc (Dec) Inc (Dec) Unrestricted Cash & Investments
Passbook/Checking AccountsWest America Bank (WAB) 392,918.92 $ 446,771.43 $ 44,708.74 $ 81,047.81 $ 31,830.64 $ 68,911.27 $ 128,503.71 $ 166,237.69 $ 202,651.17 $ 322,165.28 $ 322,119.59 $ 322,075.36 $ (44.23) $ (70,843.56) $ Checking AccountUnited Security Bank (USB) 854,763.55 1,049,667.08 986,968.20 (234,420.71) 739,427.05 1,103,983.39 809,888.93 1,137,544.96 858,865.72 3,176,594.99 3,521,021.18 2,171,661.31 (1,349,359.87) 1,316,897.76 Certificates of Deposits - United Security Bank 297,834.85 298,784.89 299,737.95 300,626.11 301,506.57 302,313.00 303,094.60 303,867.82 304,567.90 305,344.87 306,098.67 306,879.55 780.88 9,044.70 Local Agency Investment Fund 573,960.25 573,960.25 573,960.25 580,230.10 230,230.10 230,230.10 234,431.22 234,431.22 234,431.22 236,725.88 236,725.88 236,725.88 - (337,234.37) Investments-U.S. Government Securities 1,467,690.00 1,473,795.00 1,478,625.00 1,481,805.00 1,484,910.00 1,488,840.00 1,491,510.00 1,494,165.00 1,497,195.00 1,509,375.00 1,500,326.87 1,494,911.87 (5,415.00) 27,221.87 Piper Sandler & Co.Certificates of Deposits - Wells Fargo 2,990,582.01 3,000,559.13 3,012,372.12 2,722,278.64 2,334,658.76 2,342,333.41 2,350,888.34 2,355,579.01 2,354,344.64 2,360,433.37 2,331,218.35 2,330,896.60 (321.75) (659,685.41) Certificates of Deposits - UBS Financial Services 1,402,140.04 1,149,633.01 1,154,751.84 1,152,140.71 1,154,808.11 1,159,082.62 1,161,231.98 1,163,954.69 1,165,986.23 1,169,242.47 1,170,174.07 1,172,145.10 1,971.03 (229,994.94) Total Unrestricted Cash & Investments $ 7,993,170.79 7,979,889.62 $ 7,551,124.10 $ 6,083,707.66 $ 6,277,371.23 $ 6,695,693.79 $ 6,479,548.78 $ 6,855,780.39 $ 6,618,041.88 $ 9,079,881.86 $ 9,387,684.61 $ 8,035,295.67 $ (1,352,388.94) $ 55,406.05 $ Restricted Cash & Investments
Public Agency Retirement Services (PARS) 1,912,660.54 $ 1,941,721.41 $ 1,973,371.80 $ 1,991,878.92 $ 1,999,249.60 $ 1,999,343.75 $ 2,018,867.48 $ 2,051,549.39 $ 1,986,292.64 $ 2,044,915.21 $ 2,076,064.20 $ 2,076,175.59 $ 111.39 $ 163,515.05 $ Wells Fargo Advisors - WWTP Construction 174,683.66 175,295.16 175,907.82 176,490.44 177,075.83 177,628.95 178,236.34 178,774.71 179,258.47 179,792.26 180,308.98 180,843.44 534.46 6,159.78 Wells Fargo Advisors - COP USDA 2,666.03 2,666.03 2,691.99 2,691.99 76,513.67 76,733.61 76,733.61 76,733.61 77,351.80 77,351.80 7,376.89 7,396.37 19.48 4,730.34 Restricted Cash - Inmate Welfare Fund 57,777.41 63,452.19 69,306.10 73,853.07 79,207.44 92,930.61 92,930.61 100,716.60 107,850.03 113,973.69 124,388.50 132,525.55 8,137.05 74,748.14 Restricted Cash - Inmate Trust Fund 83,070.80 107,558.26 135,802.69 121,732.65 176,410.44 251,780.50 251,683.45 311,059.78 140,658.81 202,852.47 256,600.55 52,218.47 (204,382.08) (30,852.33) Restricted Cash - LCTOP-BUS PASSES 71,952.46 71,952.46 71,970.60 71,970.60 71,970.60 71,988.74 71,988.74 71,988.74 72,006.49 72,006.49 72,006.49 96,411.38 24,404.89 24,458.92 Total Restricted Cash & Investments $ 2,362,645.51 2,302,810.90 $ 2,429,051.00 $ 2,438,617.67 $ 2,580,427.58 $ 2,670,406.16 $ 2,690,440.23 $ 2,790,822.83 $ 2,563,418.24 $ 2,690,891.92 $ $2,716,745.61 2,545,570.80 $ (171,174.81) $ 242,759.90 $ Total Cash & Investments 10,282,700.52 $ 10,355,816.30 $ 9,980,175.10 $ 8,522,325.33 $ 8,857,798.81 $ 9,366,099.95 $ 9,169,989.01 $ 9,646,603.22 $ 9,181,460.12 $ 11,770,773.78 $ 12,104,430.22 $ 10,580,866.47 $ (1,523,563.75) $ $298,165.95 CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit E – Month-to-Month Change (Continued)
Unaudited
23 $(500,000)
$-
$500,000
$1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 Investment Balance ($)
Date
Illustration of Unrestricted Cash & Investment Balances from July 2025 to June 2026
West America Bank (WAB) United Security Bank (USB)Certificates of Deposits - United Security BankLocal Agency Investment FundInvestments-U.S. Government SecuritiesPiper Sandler & Co.Certificates of Deposits - Wells FargoCertificates of Deposits - UBS Financial Services CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit E – Month-to-Month Change (Continued)
Unaudited
24 $-
$500,000
$1,000,000 $1,500,000 $2,000,000 $2,500,000
Investment Balance ($)
Date
Illustration of Restricted Cash & Investment Balances
from July 2025 to June 2026
Public Agency Retirement Services (PARS)Wells Fargo Advisors - WWTP ConstructionWells Fargo Advisors - COP USDARestricted Cash - Inmate Welfare FundRestricted Cash - Inmate Trust FundRestricted Cash - LCTOP-BUS PASSES CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit F – Investment Policy Compliance Testing
Unaudited
25 Testing the current investment portfolio ensures the City remains in compliance with its adopted policy. The following is an excerpt from the City’s most recent investment policy adopted on March 3, 2026:

ObjectivesThe City strives to maintain the level of investment of all idle funds as near 100% as possible, through the optimum operation of its cash management system which is designated to accurately monitor and forecast expenditures and revenues.Investment Instruments The City of Taft operates its temporary pooled idle cash investments under the prudent man rule. This affords the City a broad spectrum of investment opportunities as long as the investment is deemed prudent and is allowable under current legislation of the State of California (Government Code Section 53600 et seq.) Investment may be made in the following media:

3. Certificates of Deposit (or Time Deposits) placed with commercial banks and/or savings and loans.4. Negotiable Certificates of Deposit.5. Local Agency Investment Fund (State Pool) Demand Deposit.6. Passbook Savings Accounts.7. County Pooled Funds.8. “NOW” Demand Deposits.

Maturities
Security purchases and holdings shall be maintained within statutory limits imposed by the Government Code. Current limits are:

Permitted Investments/Deposits Threshold Maximum Maturity US Government Treasury Securities Unlimited 5 years*Certificates of Deposits Unlimited 5 years*Negotiable Certificates of Deposit 30% 5 years*LAIF 15MM** N/APassbook Deposits --- N/ACounty Pooled Funds 50% N/A * Maximum term unless expressly authorized by Governing Body and within the prescribed time frame for said approval. ** Limit set by LAIF Governing Board, not Government Code.

CITY OF TAFT | FOR THE MONTH ENDED June 30, 2026
Exhibit F – Investment Policy Compliance Testing (Continued) Unaudited
26 The results of compliance tests with the City’s investment policy are as follows:

Permitted Investments/Deposits
Percentage/Amount
Allowed
Actual
Percentage/Amount
Maximum
Maturity
Actual Maximum
Maturity Conclusion
*US Government Treasury Securities Unlimited 18.60% 5 Years 5 Years In Compliance*Certificates of Deposits Unlimited 3.82% 5 Years 5 Years In Compliance*Negotiable Certificates of Deposit 30% 43.60% 5 Years 5 Years Not in ComplianceLAIF 15,000,000.00 236,725.88 N/A N/A In CompliancePassbook Deposits --- 31.03% N/A N/A In ComplianceCounty Pooled Funds 50% 0% N/A N/A In Compliance*Additional support for maximum investment maturity can be found in "Chart of Investment Maturity Distribution - Original Purchase" on Page 9 and"Chart of Investment Maturity Distribution - Remaining Maturity" on Page 10 of this report.

Financial Institutions
Percentage of
Investments Allowed Actual Percentage Conclusion
Wells Fargo Advisors (WFA) 50.00% 29.01% In ComplianceUBS Financial Services, Inc 50.00% 14.59% In ComplianceUnited Security Bank (USB) 50.00% 30.85% In ComplianceWest America Bank (WAB) 50.00% 4.01% In CompliancePiper Sandler & Co. 50.00% 18.60% In Compliance Based on the above information, the City is not in compliance with its most recent investment policy adopted on March 3, 2026. The portion of the City’s current investments comprised of negotiable certificates of deposit make up 43.60% of the City’s portfolio when limit on this investment type is 30%. The City has maintained compliance with regards to investment maturity and percentage of investments with financial institutions.

REVIEWED BY:

CITY CLERK FINANCE DIRECTOR CITY MANAGER
City of Taft Agenda Report
DATE: AUGUST 18, 2026
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
AGENDA MATTER:

AGREEMENT WITH CALIFORNIA STATE CONTROLLER OFFICE (SCO) TO PREPARE THE

REQUIRED ANNUAL STREET REPORT
SUMMARY STATEMENT:

Section 2151 of the California Streets and Highways Code requires the cities to file an Annual Street Report on or before December 1 of each year.

The SCO use to offer annual training to assist in the preparation of the report, but they discontinued these trainings. Now they are offering to prepare the cities report for a fee not to exceed $3,000.

RECOMMENDED ACTION:

Motion to ratify the approved professional services agreement with California State Controller and find that the activity is not a project per the California Environmental quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines.

IMPACT ON BUDGET (Y/N): No, the fee for services will be deducted from our annual funds
ATTACHMENT (Y/N): Yes, Agreement and Contract Information Sheet PREPARED BY: Finance Department

REVIEWED BY:

CITY CLERK FINANCE DIRECTOR CITY MANAGER
City of Taft Agenda Report
DATE: AUGUST 18, 2026
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
AGENDA ITEM:

WEBSITE AND AGENDA PLATFORM UPGRADE FOR AMERICAN WITH DISABILITIES ACT (ADA) COMPLIANCE (WCAG 2.1 AA)
SUMMARY STATEMENT:

Federal accessibility requirements now mandate that all municipal websites meet WCAG 2.1 AA standards by April 26, 2028. The City of Taft’s existing website, originally built in 2013 needs modernization to meet these updated accessibility obligations and to improve overall public access.

Our current website host Municipal One has presented an upgraded package designed specifically to meet these requirements for a website and provide a more efficient workflow for agenda preparation to create ADA compliant agendas.

The upgraded platform provides a fully redesigned, mobile-friendly website built for ADA compliance and public access. The Agenda Management System will streamline staff workflows and ensure agendas and minutes are automatically published in ADA-compliant formats. Key functions agenda management system will be screen reader capability, direct department submissions, automated bookmarks for video recordings, and mobile-friendly publications.

RECOMMENDATION:

Motion to approve the Municipal One Agreement, the website upgrade and the agenda platform to bring the City of Taft into full ADA compliance, enhance accessibility for residents with disabilities, and significantly improve internal agenda management workflows.

IMPACT ON BUDGET (Y/N): Yes; 413 admin budget
ATTACHMENT (Y/N): Yes (upgrade information and agreement) PREPARED BY: City Managers Office
816-207-2110 | www.municipalone.com
Website Platform Upgrade
Modernizing Taft’s Website and Public Meeting Access
Date: July 30, 2026
ADA Compliance Requirements
Federal law requires Taft's website to meet a new accessibility standard, WCAG 2.1 AA, by April 26, 2028. This ensures residents using screen readers and other assistive technology can access city information the same as everyone else.

Website Upgrade
The Taft website moves to the new Municipal One platform: a modern, mobile friendly design built from the ground up to meet WCAG 2.1 AA. Every page includes a built-in accessibility checker, so staff can catch and fix issues on the spot.
🔊
Screen Reader Compatible
Residents using assistive
technology can navigate and
understand every page.

Keyboard Navigation
Every feature works without a
mouse, for residents who rely
on keyboard or switch access.
🎨
Readable For Everyone
Color contrast and text sizing
meet federal standards for low
vision and color blindness.

Agenda Management Software
This changes what agenda preparation looks like for city staff, streamlining the process and providing more user-friendly meeting files.
📋
Direct Department
Submission
Departments submit their
reports and attachments
directly into the system.
♿
ADA-Compliant Publishing
Agendas and minutes are
published as ADA compliant,
mobile friendly web pages and
PDFs.
🎬
Video Bookmarks
Staff record minutes in real
time with automatic bookmarks
so residents jump directly to
the topics they want to see.
●
2013
Current site
originally built
●
2019
Design
refreshed
●
2026
Proposed
platform upgrade
●
Apr 2028
Federal
ADA deadline
816-207-2110 | www.municipalone.com
Municipal One, LLC
19570 County Line Road
Smithville, MO 64089
816-207-2110
[email protected]
Order Form
Date: 7/30/2026
CLIENT:

City of Taft
209 E. Kern St
Taft, CA 93268
Description Amount
Website Upgrade + Agenda Management
• New site design and layout
• New tools and templates
• Agenda management setup and system configuration
• Enhanced security with two-factor authentication
• Two live online training sessions
$3,900
Annual Website Hosting and Support + Agenda Management License $8,900 Total First Year Fee: $12,800
Recurring Annual Subscription: $8,900/year
Terms and Conditions:

1. The first-year fee is due within 30 days of contract signing and includes 12 months of service beginning on the date of contract signing.

2. Annual fees are paid in advance and due on the anniversary of contract signing.

3. This agreement is subject to Municipal One Terms and Conditions which can be found at https://www.municipalone.com/terms
Agreed To By: CLIENT MUNICIPAL ONE
Signature of Authorized Person: _________________________ _______________________ Name of Authorized Person: _________________________ _Toni Oesterle___________ Title of Authorized Person: _________________________ _Director of Client Services_ Date: _________________________ _7/30/2026________________

Taft City CouncilAugust 18, 2026

Taft City Council
August 18, 2026