Agenda packet — West Sacramento City Council, February 18, 2026 (part 2 of 2)

In 2021, City staff and operators recommended exposing the buried pipes and installing a vault to provide operators with a clear view and access to the mechanical assembly of its HSPS housing 16 pumps and valves.

This approach will help operators and contractors perform maintenance, replace parts, and diagnose the assembly. For functionality, the vault is expected to be open and meet standard access, security and safety requirements, including lighting, a stairway, a guard rail, and a sump and process drain to remove ground water.

On May 17, 2023, the City entered into a professional services contract with Black & Veatch Corporation to address the design of a suction manifold vault that provides clear view and access to the mechanical assembly, as well as security and safety requirements, including lighting, a stairway, and a guard rail. Additionally, the project will include the design of a new insertion flow meter and vault for the buried 54-inch diameter HSPS discharge piping.

On June 12, 2024, Amendment No. 1 to the contract was executed to extend the contract term and include additional compensation for additional engineering design services. These services included alternative evaluation of up to 3 alternative vault layouts.

On August 21, 2024, Amendment No. 2 to the contract was executed to further extend the contract term and include additional compensation for engineering services including bid phase support, final design of a temporary pump station, and other supplemental services.

On April 10, 2025, the bid results were unexpectedly high in cost. On June 4, 2025, City Council approved the staff recommendation of rejecting all bids. Staff then met with the design team to develop strategies for reducing costs while still meeting the project’s primary objectives.

ANALYSIS
Staff developed a phased scope for the project. Phase 1 includes constructing the new water meter vault and complete bypass hookups the High Service Manifold. Phase 2 includes the repair/replacement of the High Service Manifold Vault. On January 21, 2026, Black & Veatch submitted a request to amend the contract to design the phased project approach and add scope for design services during construction in the amount of $457,432.

Environmental Considerations
This action is not a “project” for the purposes of the California Environmental Quality Act, a Public Resources Code Section 21000 et seq. (“CEQA”), because it is not an activity that may cause either a direct or reasonably foreseeable indirect physical change in the environment and, therefore, pursuant to Public Resources Code, § 21065; CEQA Guidelines §§ 15060(c), 15378(a), it is not subject to environmental review. Environmental documentation required for the project will be conducted during the project development.

Commission Recommendation
Not applicable.

Strategic Plan Integration
Not applicable.

Alternatives
The City Council may decide to:
1) Approve the recommended actions as stated above.
2) Make changes to recommended actions; or
3) Defer the project to a later date or cancel the project.

Staff recommends Alternative 1, as completing the updates now will be more cost-effective for the City due to inflation and rising costs of materials and services. Alternatives 2 and 3 are not recommended to avoid delays to this very important project.

Coordination and Review
This report was prepared by the Capital Projects Department, in coordination with, and reviewed by, the Public Works Operations and Maintenance Department and the Finance Department. 147
High Service Manifold Project (CIP 21041)
February 18, 2026

Page 3 ends

Budget/Cost Impact
This project is included in the City’s Capital Improvement Program (CIP) FYs 23/24 and 24/25, approved by the Council on June 28, 2023, as CIP 21041, High Service Manifold Repair/Replacement/Vault Installation Project.

There is sufficient funding available in the project budget, therefore, no additional funds are required or requested for this contract amendment.

Table 1. HSPS Vault and Manifold Project Summary Funding Appropriation / Cost Item Amount
Water Impact Fee Fund (Fund 507) $4,200,000.00
Encumbrances Amount
Black & Veatch (Design) w/Amend. No. 1 & 2 $546,061.00
Psomas (Construction Management) $780,922.00
Costs Amount
Black & Veatch Amendment No. 3 $457,432.00
Staff Time and ICAP $300,000.00
Total Costs and Encumbrances $2,084,415.00
Total Remaining $2,115,585.00

ATTACHMENTS
1) Vicinity Map
2) CPC23-099 Black & Veatch Amendment No. 3
148
City of West Sacramento, Yolo County,
Vantor, Sources: Esri, TomTom, Garmin,
FAO, NOAA, USGS, (c) OpenStreetMap
contributors, and the GIS User Community
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Project Limits
Prepared on
12/5/2025 by
manuelr
Department
City of West
Sacramento
Attachment 1

HIGH SERVICE MANIFOLD

REPAIR/REPLACEMENT/VAULT

INSTALLATION
149
Black & Veatch Corporation
CPC23-099 – WTP HS Manifold
Expires 5/17/2027
AMENDMENT NO. 3
to the

CONTRACT FOR SERVICES
between the

CITY OF WEST SACRAMENTO
And

BLACK & VEATCH CORPORATION
Dated May 17, 2023
This Amendment No.3 to the Contract for Services between the City of West Sacramento and Black & Veatch Corporation dated May 17, 2023 is made and entered into this 18th day of February 2026. Except as expressly amended herein, the May 17, 2023 Contract for Services is in full force and effect.

RECITALS
WHEREAS, on May 17, 2023, City Council approved a professional services contract with Black & Veatch Corporation to provide the design of a suction manifold vault to access the main manifold and a new insertion flow meter and vault on the buried 54-inch diameter HSPS discharge piping in the amount of $382,444.00; and WHEREAS, on June 12, 2024, Amendment 1 was executed to include additional time and compensation in the amount of $52,525.00 for geotechnical services; and WHEREAS, on August 21, 2024, Amendment 2 was executed to include additional compensation in the amount of $111,092.00 for supplemental pump design services; and WHEREAS, additional tasks are requested by the City where additional time and compensation are needed to complete the project; and
WHEREAS, the City and Consultant desire to amend said contract.

NOW, THEREFORE, IT IS MUTUALLY AGREED by parties hereto to amend said agreement as follows:

I. SCOPE OF SERVICES:

The scope of services as set forth in the Contract for Services dated May 17, 2023, shall be revised include “Exhibit A” which includes the following tasks:

Task 1 – Provide design and specification bid set for flow meter vault and provide pipe connection for future temporary bypass pumping by providing a hot tap pipe connection to existing pipe main, including Bid Phase Services
Task 2 – Provide design and specification bid set for the main vault, including Bid Phase Services
Task 3 – Construction Phase Services
II. COMPENSATION:

The compensation as set forth in the Contract for Services dated May 17, 2023, shall be revised to include the following:

The total contract value will be increased by $457,432.00 (four-hundred fifty-seven thousand, four-hundred and thirty-two dollars), bringing the total contract value to $1,003,493.00.
150
Black & Veatch Corporation
CPC23-099 – WTP HS Manifold
Expires 5/17/2027
III. TERMS:

The contract term as set forth in the Contract for Services dated May 17, 2023, shall be revised to include the following:

The contract term will be extended by one year, with a new contract end date of May 17, 2027.

IN WITNESS WHEREOF the parties hereto have executed this Agreement as the date herein set forth.

CITY OF WEST SACRAMENTO
By:

Amanda Berlin, Assistant City Manager

BLACK & VEATCH CORPORATION
By:

Dave Carlson, Vice President

APPROVED AS TO FORM
By:

Jeffrey Mitchell, City Attorney
ATTEST:

By: ________________________________________________________ Jennifer Cusmir, City Clerk
151
1 of 3

BLACK & VEATCH CORPORATION
10995 Gold Center Drive, Suite 100, Rancho Cordova, CA, 95670 P +1 916.858.2423 | E [email protected]
www.bv.com
January 21, 2026
Amber Wallace, P.E
Capital Projects Dept - City of West Sacramento
1110 West Capitol Avenue, 2nd Floor
West Sacramento, CA 95691
RE: City of West Sacramento WTP HS Manifold Repair – Amendment 3 Dear Ms. Wallace:

Per City request, Black & Veatch (BV) Corporation is requesting funds to complete additional work requested by the City as summarized below.

The project was bid in April 2025 and based on the review of the bid results, the City has decided to modify the project as follows:

1. Proceed with splitting the WTP vault manifold project into two (2) separate projects for bid as below.
(i) Construct the flow meter vault and provide pipe connection for future temporary bypass pumping by providing a hot tap pipe connection to existing pipe main
(ii) Construction of the main vault

2. City would like to receive two (2) design bid packages from Black & Veatch including bid phase support services.

3. City requested construction phase support services from Black & Veatch.

The following additional scope has been requested by the City per the executed contract made on May 17, 2023, by and between the CITY OF WEST SACRAMENTO (“City”), and Black and Veatch Corporation (“Consultant”).

PROJECT SCHEDULE:

The schedule for completing the two separate design bid packages and bid period as discussed with the City are as follows:
(i) With a notice to proceed confirmation from the City, the design bid packages for each of the two separate bids will be completed for City review in 4 weeks. (ii) The bid period of each of the bid packages would be 4 weeks. (iii) City review and Award is typically 8 to 10 weeks.

EXHIBIT A
152
2 of 3

SCOPE OF WORK
Task 1 – Provide Design and Specification bid set for flow meter vault and provide pipe connection for future temporary bypass pumping by providing a hot tap pipe connection to existing pipe main
The following scope has been requested by the City and will be included in the design package:

1. Separate out the flow meter vault design from the overall project design and include the hot tapping pipe.

2. Hot tapping pipe will be provided with isolation valves for future connections to temporary pumps by City.

3. The flow meter provided in the vault will be connected to a control panel and City will be responsible for the flowmeter communication with plant controls and SCADA interface.

4. City is responsible for completing the front-end specifications with support from Black & Veatch on bid schedule section.

Deliverables
Bid package set (design specifications and drawings).

Task 1b – Bid Phase Services.
• Attend one (1) pre-bid meeting at the City’s WTP.
• Interpret construction documents and issue addenda as required to clarify the intent of bid documents (1 addendum included).
• Review and evaluate contractor bids and recommend to the City. A bid evaluation summary memorandum will be provided to the City. • Conformed to Bid Drawings and Specifications. B&V will prepare conformed to bid drawings and specifications to incorporate all addenda issued during the bid phase. An electronic PDF copy of half size and full- size drawings and pdf specifications will be provided to the City on a CD
Deliverables
Addendum in electronic (PDF) format
Prebid Question and Answers in electronic (PDF) format

Task 2 – Provide Design and Specification bid set for the main vault.

The following services will be provided during bid phase:

1. Separate out the main vault design from the overall project design.

2. City will have the temporary bypass pumps setup and ready prior to the award of the construction contract.
153
3 of 3

3. City agreed to complete the front-end specifications with support from Black & Veatch on bid schedule.

Deliverables
Bid package set (design specifications and drawings).

Task 2b – Bid Phase Services.
• Attend one (1) pre-bid meeting at the City’s WTP.
• Interpret construction documents and issue addenda as required to clarify the intent of bid documents (1 addendum included).
• Review and evaluate contractor bids and recommend to the City. A bid evaluation summary memorandum will be provided to the City • Conformed to Bid Drawings and Specifications. B&V will prepare conformed to bid drawings and specifications to incorporate all addenda issued during the bid phase. An electronic PDF copy of half size and full- size drawings and pdf specifications will be provided to the City on a CD.

Deliverables
Addendum in electronic (PDF) format
Prebid Question and Answers in electronic (PDF) format
Task 3 – Construction Phase Services
Refer to the attached Annex-A and B for the construction phase services scope and fee proposal.

The table below summarizes the additional scope and fee for the additional task as requested by City.

Task Estimated Budget
Task 1 – Re-bid Design for Flowmeter and Pump tie-in
Task 2 – Re-bid Design for Flowmeter and Pump tie-in
Task 3 – Construction Phase Services
We appreciate your continued support in completing this important project.

Very truly yours,
Black & Veatch Corporation
Ashu Shirolkar, P.E.

Client Director
Encl: Annex A – Construction Phase Services Scope and Fee Proposal. $36,888.00 $50,632.00
$369,912.00 Total (Amendment 3)
$457,432.00
154
Annex A - Construction Phase Services Scope and Fee Proposal. 155
City of West Sacramento WTP High Service Manifold
Repair/Replacement/Vault Installation – Engineering
Services during Construction
Oct 2, 2025

SCOPE OF WORK

Page 1 ends

October 9, 2025
City of West Sacramento

SCOPE OF WORK
WTP High Service Manifold
Repair/Replacement/Vault
Installation Project

PROFESSIONAL ENGINEERING SERVICES

DURING CONSTRUCTION

SUMMARY
This scope of work includes providing engineering services during construction (ESDC) for the High Service Pump Station Manifold Repair/Replacement/Vault installation project (also referred to as “Project”) prepared by Black & Veatch Corporation (B&V, also referred to as “Consultant” in this Scope of Work).

This project consists of a design of a vault around the suction manifold that provides operators a clear view and access to the mechanical assembly and design of a new insertion flow meter and vault on the buried 54-inch diameter HSPS discharge piping (transmission main to the City’s water distribution system) and associated site civil, electrical, mechanical, instrumentation, and controls associated work.

The project is scheduled to go into construction by first quarter 2026. The City intends to contract separately for the flowmeter vault and the main vault construction. The City has engaged Psomas (“CM Contractor) to perform construction management and inspection services.

This scope of services is based on a construction period of 18 months. Should the construction period extend beyond this duration, B&V would negotiate a contract amendment with the City.

The scope of work is broken into the following tasks:
- Task 1. Project Management
- Task 2. Engineering Services During Construction
- Task 3. Equipment Startup and Coordination
- Task 4. Conformed to Construction Record Drawings
156
City of West Sacramento WTP High Service Manifold
Repair/Replacement/Vault Installation – Engineering
Services during Construction
Oct 2, 2025

SCOPE OF WORK

Page 2 ends

It is assumed that all project documentation (RFIs, Submittals, meeting minutes, etc.) will be handled electronically and transmitted via email.

TASK 1. PROJECT MANAGEMENT

1.1. Pre-Construction Meeting
B&V will attend one pre-construction meeting at the City’s WTP office. City will prepare meeting agenda, and meeting minutes. B&V will support the City in leading the meeting. Meeting will be attended by B&V’s Project Manager (PM).

B&V will prepare supporting documentation to discuss at the meeting.

1.2. Weekly Progress Meetings
The Contractor will facilitate weekly progress meetings at the project site to coordinate activities and discuss project status with the City, and Consultant.

Consultant will participate via teleconference.

The following assumptions have been used to establish the budget for this task item:

Construction duration – 18 months, assumes a total of 36 bi- weekly 1 hour meetings attended by one project team member.

Additional meetings and meetings attended by other B&V staff will be treated as additional services not included in this scope of work.

Contractor shall be responsible for preparation of agenda and meeting notes

1.3. Monthly Progress Reports / Invoicing
Monthly progress reports summarizing the status of the work will be prepared and submitted with the monthly invoices. Progress reports will include the following:

A brief summary of each task that is completed, in-progress, or pending during the reporting period
An estimate of the percentage complete for each task (i.e. a report on the number of submittals and RFIs processed)
Explanation of deviations from the approved scope
157
City of West Sacramento WTP High Service Manifold
Repair/Replacement/Vault Installation – Engineering
Services during Construction
Oct 2, 2025

SCOPE OF WORK

1.4. Project Administration, Document Log and File
This task includes project administration including coordination with City and internal project team; scope, schedule and budget tracking; project documentation management, and project management activities.

TASK 2. ENGINEERING SERVICES DURING CONSTRUCTION

2.1. Review of Shop Drawings and Submittals
Shop drawings and other data submitted by the City / Contractor as required by the contract documents shall be reviewed by the Consultant. Review shall be for general conformity to the construction contract drawings and specifications for the Project and shall not relieve the Contractor of any contractual responsibilities.

Such reviews shall not extend to means, methods, techniques, sequences, or procedures of construction or to safety precautions and programs incident thereto.

The budget for this task has been based on the review of 48 shop drawings submittals and 12 resubmittals.

Submittal review comment sheets will be provided to the City in electronic format (Acrobat PDF files). Annotated shop drawings will not be provided.

2.2. Review and Evaluation of Contractor’s Request for Information The Consultant shall interpret the construction contract drawings and specifications and respond to the City in writing to Requests for Information (RFIs) from the Contractor relating to the design. The budget for this task is based on review of 15 RFIs. This assumes that field issues, not needing design interpretation, will be handled directly by the City Inspector and not forwarded to the Consultant for review.

Responses to RFIs will be provided to the Contractor in electronic format (Acrobat PDF files).

2.3. Prepare Design Changes
The Consultant shall prepare design changes, as required, to facilitate the project construction. Design changes will be provided to the City in electronic format (Acrobat PDF files) for approval and transmittal to the Contractor. The City shall prepare the actual change order document and negotiate the change order with the Contractor. The budget for this task has been developed based on preparation of two design changes.

2.4. Review and Evaluate Change Orders
158
City of West Sacramento WTP High Service Manifold
Repair/Replacement/Vault Installation – Engineering
Services during Construction
Oct 2, 2025

SCOPE OF WORK
The Consultant shall participate in review of time/cost of change orders, resulting from the issuance of design changes, as requested by the City.

Recommendations shall be provided to the City regarding the validity and proposed cost associated with change order requests. The City shall prepare the actual change order document and negotiate the change order with the Contractor. The budget for this task has been developed based on an allowance of $5,600.

2.5. Construction Site Visits
The Consultant shall conduct site visits and witness testing as follows:

The PM and EM shall conduct periodic visits to the construction site to observe progress of the work and consult with the City, and Contractor.

The Consultant will tour the construction as needed. Site visits will be combined with in person meetings attended by the Consultant. The Consultant shall conduct site visits and witness test the new insertion flow meter during commissioning.

One four-hour site visit is included for B&V electrical engineer to visit the site and answer Contractor questions related to the electrical installation.

TASK 3. EQUIPMENT START-UP AND COORDINATION
Consultant shall provide system start-up and commissioning services as follows:

A budget of 4 hours is included to review the startup plan for prepared by the Contractor.

Black & Veatch’s engineer will participate in the startup discussions with the City and the Contractor as required. For budgeting purposes, 8 hours of time is included for phone assistance.

TASK 4 – CONFORMED TO CONSTRUCTION RECORD DRAWINGS
Consultant will utilize the City provided red-lined set of drawings to prepare a Conformed to Construction Record Drawing set after review and acceptance by City. One set of 11 x 17 hard copy drawings will be submitted along with AutoCAD electronic files. Record drawings will be completed by the Consultant at the end of the project upon receipt of red-line drawings from the City.

Contractor shall provide a single set of legible full size red-line plans for Consultant to develop the Conformed to Construction Drawings. The red-lines will include markups resulting from all RFIs, design changes, and field changes.

Specifications will not be updated.
159
City of West Sacramento WTP High Service Manifold
Repair/Replacement/Vault Installation – Engineering
Services during Construction
Oct 2, 2025

SCOPE OF WORK

EXCLUSIONS
By performance of this Scope of Work, Consultant shall not have the authority or responsibility to supervise, direct, or control the Contractor’s work or the Contractor’s means, methods, techniques, sequences, or procedures of construction. Consultant shall not have authority or responsibility for safety precautions and programs incident to the Contractor’s work or for any failure of the Contractor to comply with laws, regulations, rules, ordinances, codes or orders applicable to the Contractor furnishing and performing the work.

This scope of work does not include Construction Management or inspection services unless specifically noted in this Scope of Work.

Consultant shall not be responsible for any materials testing or survey during construction.

Observation by Engineer of Record is not included.

Geotechnical inspection services are not included. It is assumed that these will be covered by City.

Field office and office equipment will not be provided by Consultant.

Consultant staff working in the field will utilize available space within the Construction Manager’s field offices.

Control system programming and configuration services are not provided by the Consultant.
160
Annex - Fee Proposal.
161
Cost Proposal
Black & Veatch Corporation
City of West Sacramento WTP High Service Manifold Repair Re-bid : Design Document for RFP - Flowmeter Vault and Pipe Connections for Temporary Pumps Pipe Tie-in Re-bid : Design Document for RFP - Vault Design
Re-bid : Design Document for RFP - Flowmeter Vault and Temporary Pumps Pipe Tie-in Project
Manager Clerk QA/QC Cost Est Design Eng Mgmt Sr. Civil Sr. Structural Sr. Electrical Senior Mechanical I&C Project Accounting CAD Labor Billing Rate $330.00 $152.00 $280.00 $280.00 $280.00 $272.00 $276.00 $272.00 $272.00 $280.00 $170.00 $172.00

1.0 Project Management
Drawing (51 sheets) and specifications / project estimate update 4 16 4 6 6 6 6 8 32 88 $21,016 Project management & coordination 12 8 4 24 $5,856
Total Task for Task 3 12 8 4 16 4 6 6 6 6 8 4 32 112 $26,872

2.0 Bid Phase services
Support City during bid period 4 2 4 6 6 4 4 4 4 38 $10,016 Total Task for Task 4 4 2 4 6 6 4 4 4 4 38 $10,016
Total 16 10 4 16 8 12 12 10 10 12 4 36 150 $36,888
Task Total Cost
No.

Task Description Total Hrs.

Re-bid : Design Document for RFP - Vault Design
Project
Manager Clerk QA/QC Cost Est Design Eng Mgmt Sr. Civil Sr. Structural Sr. Electrical Senior Mechanical I&C Project Accounting CAD Labor Billing Rate $330.00 $152.00 $280.00 $280.00 $280.00 $272.00 $276.00 $272.00 $272.00 $280.00 $170.00 $172.00

1.0 Project Management
Drawing (51 sheets) and specifications / project estimate update 4 16 8 12 12 12 12 12 32 120 $29,808 Project management & coordination 12 8 4 24 $5,856
Total Task for Task 3 12 8 4 16 8 12 12 12 12 12 4 32 144 $35,664

2.0 Bid Phase services
Support City during bid period 4 2 6 12 12 6 4 6 4 56 $14,968 Total Task for Task 4 4 2 6 12 12 6 4 6 4 56 $14,968
Total 16 10 4 16 14 24 24 18 16 18 4 36 200 $50,632
Task
No.

Task Description Total Hrs. Total Cost
162
Cost Proposal
Black & Veatch Corporation
City of West Sacramento WTP High Service Pump Station Vault Project

ENGINEERING SERVICES DURING CONSTRUCTION
Proj Dir Proj Mgr Engineering
Manager
Project
Engineer
Structural
High-Level
Structural
Mid-Level
Civil
High Level
Civil
Mid Level Estimating Asset Mgt - High Level
Electrical
High Level
Electrical
Mid Level
I&C
High level
I&C
Mid Level CAD Designer Proj Asst
Labor Billing Rate 460.00 $ $ 330.00 280.00$ 192.00$ 276.00$ 192.00$ 272.00$ 192.00$ 264.00$ 280.00$ 272.00$ 192.00$ 280.00$ 192.00$ 172.00$ 170.00$ 9.00$

3.1 Project Management
Pre-construction Meeting 2 2 2 2 2 2 2 2 16 $4,504 $144 $4,648 Weekly Progress Meetings 36 36 $11,880 $324 $12,204
Monthly Progress Report and Invoicing 24 36 60 $14,040 $540 $14,580 Project Administration 36 32 68 $17,320 $612 $17,932

3.2 Engineering Services During Construction
Review of Shop Drawings 8 72 116 118 40 56 16 8 18 116 36 32 636 $158,200 $5,724 $163,924 Review of RFIs 8 32 32 64 24 24 16 8 16 16 8 248 $61,392 $2,232 $63,624 Design Changes 8 40 32 16 20 116 $29,584 $1,044 $30,628 Review Change Orders 20 20 $5,600 $180 $5,780
Siite Visits (6) 16 16 8 8 48 $12,768 $432 $13,200

3.3 Equipment Start-up and Coordination
Startup and Commissioning 4 4 4 4 16 $4,296 $144 $4,440

3.4 Record Drawings
As Built Drawings 4 48 22 22 20 60 176 $37,368 $1,584 $38,952 Total 2 146 212 166 216 80 86 54 16 22 142 78 50 40 60 70 1,440 356,952 12,960 369,912 TOTALS 2 146 212 166 216 80 86 54 16 22 142 78 50 40 60 70 1,440 356,952 12,960 369,912 Task Total Cost
No. 3
Task Description Total Hrs. Labor Cost Direct Cost
Note: Current 2025 rates adjusted to the duration of the project. 163

CITY COUNCIL AGENDA REPORT
MEETING DATE: February 18, 2026 ITEM # 7
SUBJECT:

CONSIDERATION AND APPROVAL OF A REIMBURSEMENT AGREEMENT WITH RIVER

CITY STADIUM MANAGMENT, LLC FOR PERIMETER FENCING IMPROVEMENTS AT SUTTER HEALTH PARK, ADOPTION OF RESOLUTION 26-15 APPROPRIATING

FUNDING FOR THE IMPROVEMENTS AND RELATED ACTIONS
INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [X] Staff
[ ] Other
Traci Michel, Director
Economic Development & Housing Department
ATTACHMENT [X] Yes [ ] No [ ] Information [ ] Direction [X] Action

OBJECTIVE
The objective of this report is to provide City Council with information to consider approving a Reimbursement Agreement with River City Stadium Management, LLC, for perimeter fencing improvements at Sutter Health Park and related actions to improve public and player safety, as well as provide public access for wayfinding, public art and future transit improvements.

RECOMMENDED ACTION
It is respectfully recommended that the City Council:

1. Find that the Sutter Health Park perimeter fencing improvements and public access dedication is exempt from review under California Environmental Quality Act (CEQA) pursuant to the Class 1, Class 2 and Class 3 (Minor Alterations, Replacement of Existing Facilities and/or Small Structures) Categorical Exemptions under California Code of Regulations, Title 14, Division 6 Chapter 3 (“CEQA Guidelines”), Sections 15301, 15302 and 15303 and find that the determination represents the independent judgement of the City;

2. Authorize the City Manager to execute a Reimbursement Agreement with River City Stadium Management, LLC, for perimeter fencing improvements at Sutter Health Park, consistent with the attached Term Sheet; and

3. Adopt Resolution 26-15, appropriating $850,000 from Fund 106 Community Investment Fund unencumbered balances.

BACKGROUND
Sutter Health Park is an approximately 14,000-seat stadium that opened its gates as Raley Field on May 15, 2000. The River City Stadium Financing Authority was formed as a result of a joint public/private partnership between the City of West Sacramento, Sacramento County and Yolo County to provide bond issuance and oversight for construction and operation of the stadium. The stadium is home to the Sacramento River Cats, a Minor League Baseball team of the Pacific Coast League (PCL) and the Triple-A affiliate of the San Francisco Giants.

In April 2024, it was announced that the Athletics of Major League Baseball (MLB) will play at Sutter Health Park from 2025 through 2027, with an option for a fourth year pending the team's move to Las Vegas. At the same time, the Sacramento River Cats announced that they will remain at Sutter Health Park as well, playing on days when the Athletics are not playing there. When combined, both teams will play approximately 160 homes games at Sutter Health Park from March through October each year, with the potential to bring over 2 million visitors to West Sacramento each season.

ANALYSIS
Providing safe and enjoyable experiences for game players and patrons is a top priority for the City. Millions of dollars of improvements were completed at Sutter Health Park to accommodate the addition of the Athletics, as well as updated MLB stadium/player standards, including items to ensure safety for players and patrons. One such improvement is replacement of the perimeter fencing, which is required to be completed in 2026. With the potential for over 2 million patrons coming to West Sacramento to attend games and visit our local businesses annually for the next several years, replacing the perimeter fence provides an opportunity to create an enhanced street-level experience through fencing and frontage improvements that help visitors navigate around Sutter Health Park successfully and safely. Sutter Health Park’s current perimeter fencing is a chain link fence with razor wire, vinyl banners and tarp screens to provide privacy and security for the players. Sutter Health Park fencing is one of the first things visitors see when they enter the City along Cabaldon Parkway and/or the stadium.

Partnering with River City Stadium Management, LLC, to replace the fencing primarily along Riverfront Street 164 Resolution 26-15 Sutter Health Park Reimbursement Agreement February 18, 2026

Page 2 ends

and Cabaldon Parkway will not only provide the screening and security required by MLB, but it better meets the City’s design standards and provides a safer and enhanced experience for visitors.

Additionally, select properties located adjacent to Sutter Health Park and owned by River City Parking LLC, an affiliate of River City Stadium Management, LLC, are needed to support monument and wayfinding signage that will serve as placemaking elements in the Bridge District, as well as the future Streetcar Light Rail Extension Project. River City Stadium Management, LLC, has committed to work with the City on these real estate transactions and has offered to provide the City with a credit towards acquisition costs, as well as marketing opportunities, at a value equal to the cost of the new fence. This not only reduces costs for future planned City projects but helps to accelerate the schedule for real estate transactions required to meet grant requirements and leverage current City marketing efforts.

City staff proposes advancing funds for the replacement of the perimeter fencing through a Reimbursement Agreement with River City Stadium Management, LLC, so that the fencing design and installation can be completed prior to Opening Day in March. The new fencing would consist of concrete masonry and iron materials that mirror and compliment the current stadium design, and enhance player privacy. It is anticipated that revenues generated from recent ballpark improvements and ongoing baseball games, including property tax, sales tax and parking revenues, as well as the value of credit offered towards property acquisitions, will far exceed the cost of the fence replacement. The proposed Term Sheet for the Reimbursement Agreement, as well as exhibits identifying the location of perimeter fencing improvements and anticipated property and/or easement acquisitions needed to support monument/wayfinding elements and the Streetcar Light Rail Extension Project, is included as Attachment 3.

Environmental Considerations
The proposed actions are exempt from review under California Environmental Quality Act (CEQA) pursuant to Class 1, Class 2 and Class 3 Categorical Exemptions under California Code of Regulations, Title 14, Division 6 Chapter 3 (“CEQA Guidelines”), Sections 15301, 15302 and 15303. Class 1 consists of operation, repair, maintenance, permitting, leasing, licensing, or minor alteration of existing public or private structures, facilities, mechanical equipment, or topographical features, involving negligible or no expansion of use beyond that existing at the time of the lead agency’s determination. Class 2 consists of replacement or reconstruction of existing structures and facilities where the new structure will be located on the same site as the structure replaced and will have substantially the same purpose and capacity as the structure replaced. Class 3 consists of construction, location, or conversion of limited numbers of small new facilities, structures, and equipment, including fences. The proposed action facilitates the replacement of an existing barbed wire-topped chain link security fence along the Sutter Health Park perimeter with an 8’ tall wrought iron fence with concrete masonry unit columns that is more uniform with the ballpark’s design and provides a safer and enhanced experience for players and visitors.

Commission Recommendation
N/A
Strategic Plan Integration
Sutter Health Park frontage and fencing improvements and related future real estate transactions, help to implement the “Triangle Development Strategy” and “Urban Development Standards and Evaluation” Strategic Objectives in the Council’s 2007 policy agenda. Sutter Health Park, as part of The Bridge District, Entertainment District and riverfront is incorporated within the City of West Sacramento Strategic Plan Goal 4, Riverfront Alive, as well as the joint Riverfront Master Plan and streetcar feasibility study.

Alternatives
The Council’s primary alternatives are summarized below:

1. Propose modifications to the Reimbursement Agreement terms and direct staff to return at a future date with additional information and/or a modified terms; or

2. Decline action at this time.

Alternatives 1 and 2 are not recommended as fencing improvements are needed prior to the River Cats/Athletics Opening Day events in March. Additionally, including terms in the Reimbursement Agreement that support future property and/or easement acquisition needed for public improvements, including the Streetcar Light Rail Extension Project, is critical to ensure the city can implement projects that meet grant performance requirements. 165
Resolution 26-15 Sutter Health Park Reimbursement Agreement February 18, 2026

Page 3 ends

Coordination and Review
This report was prepared jointly by the Economic Development and Housing Department and City Manager’s Office in coordination with the Community Development Department, Finance Department, and the City Attorney.

Budget/Cost Impact
The total estimated cost of the fence replacement is $850,000. Funding for the design, fabrication and installation of the fence is proposed to be funded with Fund 106-9020 (Community Investment Fund). The purpose of the fund is to leverage private investment for projects that provide community benefit. Replacement of the fence leverages millions of dollars of private funding already invested into Sutter Health Park improvements and provides significant public safety, access and wayfinding improvements that benefit residents and visitors.

ATTACHMENTS

1. Resolution 26-15

2. Notice of Exemption

3. Reimbursement Agreement Term Sheet
166
Attachment 1
RESOLUTION 26-15

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST SACRAMENTO ESTABLISHING A BUDGET APPROPRIATION OF UP TO $850,000 FROM THE COMMUNITY INVESTMENT FUND (FUND 106) FOR PERIMETER FENCING IMPROVEMENTS AT SUTTER HEALTH PARK LOCATED AT 400 BALLPARK DRIVE WHEREAS, River City Stadium Management, LLC, and its affiliates, operates Sutter Health Park, a multi-purpose stadium suitable for baseball, concerts, community events and similar activities (the “Stadium”) in the City of West Sacramento; and WHEREAS, the Stadium hosts home games of the Sacramento River Cats, the Triple AAA affiliate of the San Francisco Giants ("River Cats") and from 2025 through 2028, will also host the Athletics Major League Baseball team home games; and WHEREAS, the Parties desire to improve the Stadium perimeter fencing, as well as construct City monument signage and public art on Stadium frontage property in order to provide improved visibility for the City and The Bridge District, as well as access and safety for players and patrons; and
WHEREAS, the Stadium continues to provide recreational and economic benefits to the residents of the City and the entire Sacramento region and enhances the image of West Sacramento as a river city and assists in attracting businesses to and investments in the City; and WHEREAS, the design and installation of new fencing is estimated to cost $850,000; WHEREAS, monument signage, wayfinding and public art is proposed to be located on portions of the Stadium site at 400 Ballpark Drive; and WHEREAS, Measure G was approved by voters in 2012 to create the Community Investment Fund with the goal of strategic public investments in infrastructure and economic development designed to catalyze private investment to improve the local economy, create new revenue to the City, and enhance residents’ quality of life.

WHEREAS, Community Investment Fund funding is available to support perimeter fence replacement of $850,000 in FY 25/26; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of West Sacramento as follows:

1. The City Council hereby approves amendments to the Operations and Maintenance budget for the 2025-2026 fiscal year as listed below.

SOURCES
$850,000 106-0000-3110 Community Investment Fund
$850,000 405-9098-4990/50008-4990 Tsfr In – Baseball Fencing Prj $850,000 TOTAL SOURCES
USES
$850,000 106-9020-5950 Tsfr out from Comm Inv Fund
$850,000 405-9098-5530/50008-5800 Perimeter Fence Replace Prj $850,000 TOTAL USES

2. The City Council hereby finds that the facts set forth in the recitals to this Resolution are true and correct and establish the factual basis for the City Council’s adoption of this Resolution.
167
Resolution 26-15

Page 2 ends

3. This Resolution shall take effect immediately upon its adoption.

PASSED AND ADOPTED by the West Sacramento City Council on this 18th day of February 2026, by the following vote:

AYES:

NOES:

ABSENT:

Martha Guerrero, Mayor
ATTEST:

Jennifer Cusmir, City Clerk
168

Statutory Exemptions. State code number:

_______________________________________________
Print Form
Notice of Exemption Appendix E
To: Office of Planning and Research From: (Public Agency): ____________________________ P.O. Box 3044, Room 113 _______________________________________________ Sacramento, CA 95812-3044 County Clerk
(Address)
___________________________
___________________________
County of: __________________
Project Title: ____________________________________________________________________________ Project Applicant: ________________________________________________________________________ Project Location - Specific:

Project Location - City: ______________________ Project Location - County:

Description of Nature, Purpose and Beneficiaries of Project:
_____________________
Name of Public Agency Approving Project: _____________________________________________________ Name of Person or Agency Carrying Out Project: ________________________________________________ Exempt Status: (check one):

Ministerial (Sec. 21080(b)(1); 15268);
Declared Emergency (Sec. 21080(b)(3); 15269(a));
Emergency Project (Sec. 21080(b)(4); 15269(b)(c));
Reasons why project is exempt:

Lead Agency
Contact Person: ____________________________ Area Code/Telephone/Extension: _______________ If filed by applicant:

1. Attach certified document of exemption finding.

2. Has a Notice of Exemption been filed by the public agency approving the project? Yes No Signature: ____________________________ Date:

Signed by Lead Agency Signed by Applicant
Authority cited: Sections 21083 and 21110, Public Resources Code. Date Received for filing at OPR:

Reference: Sections 21108, 21152, and 21152.1, Public Resources Code. _______________
Categorical Exemption. State type and section number: ____________________________________ ______________________________________________
______________ Title: _______________________
169 Revised 2011
Attachment 3
Sutter Health Park Perimeter Fence Replacement
Reimbursement Agreement Term Sheet
Project Item Description
Parties City of West Sacramento (“City”), River City Stadium Management, LLC or associated affiliate (“Stadium”).

Perimeter Fence
Replacement Project
 Replacement of ~1,840 linear feet of existing perimeter chain link fence primarily along Cabaldon Parkway and Riverfront Street (Exhibit A) with high-quality, durable brick/stone and rod iron fencing to improve public and player safety, and enhance pedestrian/visitor experience at a key location into the City.
 Costs not to exceed $850,000.
 Prevailing wages apply.

Stadium Obligations
 Purchase and installation of new perimeter fencing, subject to City review and approval, consist with Exhibit A.
 Ongoing maintenance of fencing once installed.
 Credit to the City in an amount not to exceed the cost of the perimeter fence improvements for some combination of the following at Stadium’s election: (a) future acquisition of River City Parking LLC property and other easements required for public purposes, such as the Streetcar Light Rail Extension Project, utility easements, monument signage and wayfinding and other public infrastructure improvements, generally as shown on Exhibit B or as otherwise located upon both Stadium and City approval; (b) City advertising on Stadium controlled signage; and/or (c) Other property rights as mutually agreed to by City and Stadium.

City Obligations
 Provide funding not to exceed $850,000 to Stadium for the purchase and installation of new perimeter fencing at select locations.  Appraise all property needed to support the Streetcar Light Rail Extension Project and public access easements in accordance with Federal standards (i.e. Fair Market Value based on the highest and best use) and with mutually agreed valuation assumptions from both Stadium and City to the extent permitted by Federal standards.
 Complete purchase of properties/easements and cover any related transaction closing costs associated with such transaction for both City and Stadium.
 Complete public improvements subject to Stadium design review and approval.

Estimated Schedule
 Fencing project permit application submitted – February 2, 2026  City Council consideration of Reimbursement Agreement Terms – February 18, 2026
 Fence construction – February 23 – March 31, 2026
 City to complete property appraisals – Spring 2026
 City to close escrow on property acquisitions – Fall 2026  City monument/wayfinding designs – Summer/Fall 2026
 City monument/wayfinding installation – Early 2027
170
Exhibit A
Sutter Health Park Perimeter Fence Replacement Scope
171
Exhibit B
Depiction of Planned Parcel Acquisition and Easement Dedications 172

CITY COUNCIL AGENDA REPORT
MEETING DATE: February 18, 2026 ITEM # 8
SUBJECT:

CONSIDERATION OF THE TREASURER’S QUARTERLY FINANCIAL REPORT ON THE CITY’S INVESTMENT PORTFOLIO FOR THE PERIOD ENDING DECEMBER 31, 2025 INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [X] Staff
[ ] Other
Marc Rotteveel, Senior Finance Analyst
Finance Department
ATTACHMENT [X] Yes [ ] No [X] Information [ ] Direction [ ] Action

OBJECTIVE
The purpose of this report is to provide the City Council with the treasurer’s quarterly report on the City’s investment portfolio for the quarter ending December 31, 2025 as outlined by the Government Code 53646(b) (1).

RECOMMENDED ACTION
Staff respectfully recommends that the City Council receive and file the Treasurer’s Quarterly Financial Report on the City’s investment portfolio for the period ending December 31, 2025.

BACKGROUND
All local agencies are required to file regular financial reports with their legislative body on the status of their investment portfolio. One of the roles of the City’s Finance Department is to manage investments of the City to ensure that cash flow needs are met while maximizing the investment portfolio.

The funds invested in the City’s treasury comprise pooled cash from all Funds in the City’s General Ledger, including funds held in Trust for other agencies (i.e., the Yolo-Sacramento Port District and West Sacramento Flood Control Agency (WSAFCA) JPA). City staff structure investment maturities in such a way to optimize return while ensuring enough liquid funds are available to meet the operating and capital needs of the City and agencies for which the City acts as Treasurer. The pooled cash also includes impact fee revenues collected from developers and set aside until sufficient funds are available to implement the capital projects for which they were collected, and reserve funds for budget stabilization to ensure fiscal stability of the City and its various services to the community.

It should be noted that the majority of the funds held in the City’s treasury are legally restricted and may only be used for the purposes for which they are collected. Moreover, the funds may only be invested in investments permitted by California Government Code 53600 (Code) et. al, and the City’s investment policy.

Under section 53646(b)(1) of the Government Code, the City Treasurer may prepare and transmit a quarterly financial report to the City Council on the City’s investment portfolio. This report includes:

1. The type of investment, issuer, date of maturity, and par and dollar amount invested on all securities, investments and funds held by the City;

2. A current market value as of the date of the report;

3. A stated compliance of the portfolio to the statement of the City’s adopted investment policy, or manner in which the portfolio is not in compliance; and

4. A statement denoting the ability of the local agency to meet its pool’s expenditure requirements for the next six months, or provide an explanation as to why sufficient money shall or may not be available. Once a year, the statement of investment policy is included in the report.

This quarterly report is produced in a format designed to provide stakeholders a broad profile of the City’s Investment Portfolio. While staff is only transmitting portions of the report with key investment results, a full report with additional detail is available upon request.

ANALYSIS
This quarterly financial update gives a snapshot of how the City’s pooled investment funds were doing as of December 31, 2025. At the end of the quarter, the City’s investments had a book value of approximately $312.2 million in invested funds and the market value of those investments was about $315.0 million. This difference 173
Quarterly Treasurer’s Report Ending December 31, 2025
February 18, 2026

Page 2 ends

means that if the City were to sell those investments on the open market as of December 31, the City would receive $2.8 million more than the cost basis for these funds. On top of that, the City has earned around $1.8 million in interest that hasn’t yet been paid out. Book Value is what was paid for the investments, adjusted over time. Market Value is what the funds are worth today based on current interest rates and market demand. When interest rates go up, the market value of existing investments usually goes down, and vice versa.

Importantly, the City has cash available to pay its bills for the next six months and beyond. Two of the most flexible investment accounts in the City’s portfolio are LAIF (a State-run pool) and CAMP (another local government pool). These two accounts make up approximately 17.4% of the investment portfolio and can be accessed in just one day if needed. The City also had approximately $19.7 million in cash in its regular bank account as of December 31, which fluctuates based on day-to-day expenses.

The rest of the funds is invested in a mix of safe, longer-term investments that follow strict rules set by state law and the City’s own policies. City staff and consultant keep a close eye on how these investments are spread out (by type, maturity date, and issuer), and make adjustments regularly to respond to changes in the market. On average, investments are set to mature in about 765 days which is slightly over two years.

The overall goal of the City’s investment approach is to keep tax dollars safe, accessible, and earning a reasonable return. City staff, together with the City’s investment adviser, keep a close watch on market trends and risks to make sure the portfolio stays strong.

City of West Sacramento Consolidated Sector Allocation
December 31, 2025 September 30, 2025
Agency

1.7%
Agency
CMBS

8.0%
Asset Backed
Security

6.8%
Cash

7.1%
Corporate

19.8%
LAIF

17.9%
Local Gov
Investment
Pool

1.8%
Money
Market Fund

0.2%
Municipal
Bonds

0.8%
Supranationa
l

3.3%
US Treasury

32.5%
Agency

1.0%
Agency CMBS

8.8%
Asset Backed
Security

6.9%
Cash

6.3%
Corporate

20.5%
LAIF

15.5%
Local Gov
Investment
Pool

1.9%
Money
Market Fund

0.2%
Municipal
Bonds

0.8%
Supranational

2.7%
US Treasury

35.3%

25.8%

5.6% 8.3%

14.4%

45.9%

29.5%

3.0%

11.2%

15.3%

41.1%
0%
10%
20%
30%
40%
50%
60%
70%
0-0.50 0.50-1 1-2 2-3 3-5
12/31/2025 9/30/2025
City of West Sacramento Consolidated Maturity Distribution 174
Quarterly Treasurer’s Report Ending December 31, 2025
February 18, 2026

Page 3 ends

As of December 31, 2025, the City’s main investment portfolio (not including cash, LAIF, or CAMP) had a duration of 2.62 years which is a measure of how sensitive the portfolio is to interest rate changes. This is right in line with the City’s performance and risk-measuring benchmark. The City has also continued to maintain a healthy balance by diversifying across different sectors, issuers, and timelines.

Discussion of Performance
The following is a summary of the City’s holdings by investment type, including each sector’s yield to maturity.

Yield to maturity measures the interest income the City is expected to earn for the coming 12 months, assuming nothing in the portfolio changes. As of December 31, 2025, the weighted average yield to maturity of the City’s consolidated investments was 3.92%:

Investment Type Par Value Market Value Book Value % of
Portfolio
Days to
Maturity
Yield to
Maturity
Agency $3,200,000.00 $3,225,734.40 $3,197,778.61 1.02% 858 3.90% Agency CMBS $28,341,550.86 $27,667,560.17 $27,257,085.27 8.78% 1,040 4.44% Asset Backed Security $21,536,108.37 $21,741,573.74 $21,528,672.89 6.90% 1,194 4.75% Cash $19,728,952.21 $19,728,952.21 $19,728,952.21 6.26% 1 0.63% Corporate $63,931,000.00 $64,644,032.15 $63,776,879.76 20.52% 1,183 4.31% LAIF $48,969,466.35 $48,969,466.35 $48,969,466.31 15.55% 1 3.98% Local Gov Investment Pool $6,042,305.93 $6,042,305.93 $6,038,305.93 1.92% 1 3.90% Money Market Fund $620,417.79 $620,417.79 $620,417.79 0.20% 1 3.65% Municipal Bonds $2,400,000.00 $2,459,280.00 $2,407,392.65 0.78% 1,307 4.41% Supranational $8,625,000.00 $8,644,727.00 $8,534,980.72 2.74% 971 3.51% US Treasury $110,630,000.00 $111,238,139.59 $110,138,215.61 35.32% 858 3.97% Grand Total $314,024,801.51 $314,982,189.33 $312,198,147.75 100% 765 3.92% The portfolio’s return comprises interest income as well as fair value appreciation, both of which are a function of movements in interest rates available in the capital markets. Interest income continues to be robust (the investment portfolio of securities is expected to earn was also 4.17% (purchase yield) for the next year (up from

4.10% last quarter; when LAIF, CAMP and cash are included the expected earnings are 3.92%). The City’s reinvestment yield (market yield) has been hovering in the 3.78% range as rates in the market have moved slightly lower. Staff continues to work closely with the City’s investment adviser to diversify the portfolio in order to improve safety, liquidity, and return. In the current quarter, staff will continue to evaluate liquidity needs and, where possible, continue the investment in longer-duration securities.

Economic Outlook
The near-term economic picture is still a bit uncertain, largely because recent government shutdowns delayed key economic data. Much of the information now being released reflects conditions from two to three months ago. Based on this older data, inflation remains slightly higher than the Federal Reserve’s long-term goal, while the job market has continued to cool.

As more current data becomes available, economists expect long-term interest rates to move higher relative to short-term rates as the Federal Reserve gradually brings interest rates closer to a more “normal” level. At the same time, uncertainty around federal trade and budget policies continues to add volatility to financial markets.

In December, the Federal Reserve lowered interest rates for the third time in 2025, reducing its target range to

3.50%–3.75%. However, there is no clear consensus on what comes next. Some policymakers expect another small rate cut, others anticipate no further changes, and a few believe rates could rise. The Federal Reserve Chair indicated that the Fed might be able to now pause and wait for clearer signs on inflation and employment before making additional changes.

Environmental Considerations
Not Applicable
Commission Recommendation
Not applicable
175
Quarterly Treasurer’s Report Ending December 31, 2025
February 18, 2026

Page 4 ends

Strategic Plan Integration
The City’s mission includes a City Government that is Financially Sound, and the Council’s goal for achieving a Financially Sound City Government is furthered by investing the City treasury in a manner that ensures safety and liquidity first, and where possible a yield on “excess cash”. The preparation of regular quarterly reports on the City’s investments supports the mission and this goal.

Alternatives
Since this agenda report transmits a quarterly financial report pursuant to Government Code section 53646(b) (1), alternatives have not been presented.

Coordination and Review
Not applicable
Budget/Cost Impact
The investment portfolio, as a whole, earned returns at least consistent with the revenue estimates contained in the budget.

ATTACHMENT

1. Excerpts from Chandler Asset Management Investment Report (December 31, 2025) 176
CONFIDENTIAL | 2
City of West Sacramento Cons Portfolio | Account #10677 | As of December 31, 2025 Execution Time: 01/15/2026 05:19:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality*
Average Modified Duration 2.00
Average Coupon 3.68%
Average Purchase YTM 3.92%
Average Market YTM 3.62%
Average Credit Quality* AA+
Average Final Maturity 2.35
Average Life 2.19
End Values as of
11/30/2025
End Values as of
12/31/2025
Market Value 316,251,967.06 314,982,189.26
Accrued Interest 1,817,423.59 1,804,928.21
Total Market Value 318,069,390.65 316,787,117.47
Income Earned 546,113.64 1,128,744.51
Cont/WD 281,179.20 (1,958,479.16)
Par 314,806,484.58 314,024,801.46
Book Value 313,128,645.39 312,198,147.65
Cost Value 312,078,069.49 311,094,055.62
United States 35.32%
LAIF 15.55%
FHLMC 8.78%
JPMorgan Chase & Co. 3.37%
International Bank for Recon and Dev 2.06%
California Asset Mgmt Program 1.92%
Deere & Company 1.21%
Morgan Stanley 1.03%
*The average credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.

ATTACHMENT 1
177

STATEMENT OF COMPLIANCE
City of West Sacramento Cons Portfolio | Account #10677 | As of December 31, 2025 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV) 20.0 8.8 Compliant
Max % Issuer (MV) 30.0 8.8 Compliant
Max Maturity (Years) 5.0 4.3 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 6.9 Compliant
Max % Issuer (MV) 5.0 0.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE
(CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED BANK DEPOSITS
Max % (MV) 100.0 0.0 Compliant
Max % Issuer (MV) 0.0 0.0 Compliant
COLLATERALIZED TIME DEPOSITS (NONNEGOTIABLE CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
16 ATTACHMENT 1
178

STATEMENT OF COMPLIANCE
City of West Sacramento Cons Portfolio | Account #10677 | As of December 31, 2025 Rules Name Limit Actual Compliance
Status Notes
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 20.5 Compliant
Max % Issuer (MV) 5.0 1.2 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 1.0 Compliant
Max % Issuer (MV) 30.0 0.6 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max % (MV) 100.0 15.5 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.2 Compliant
Max % Issuer (MV) 20.0 0.2 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
MORTGAGE-BACKED SECURITIES, CMOS (NONAGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.8 Compliant
17 ATTACHMENT 1
179

STATEMENT OF COMPLIANCE
City of West Sacramento Cons Portfolio | Account #10677 | As of December 31, 2025 Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (MV) 5.0 0.8 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 2.7 Compliant
Max % Issuer (MV) 10.0 2.1 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 35.3 Compliant
Max Maturity (Years) 5 4 Compliant
18 ATTACHMENT 1
180

PORTFOLIO CHARACTERISTICS
City of West Sacramento Operating Portfolio | Account #10675 | As of December 31, 2025 Benchmark* 12/31/2025
Portfolio
9/30/2025
Portfolio
Average Maturity (yrs) 2.64 3.08 3.10
Average Modified Duration 2.47 2.62 2.63
Average Purchase Yield 4.17% 4.10%
Average Market Yield 3.55% 3.78% 3.87%
Average Quality** AA+ AA+ AA+
Total Market Value 242,052,816 239,378,019
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 19 ATTACHMENT 1
181

PORTFOLIO CHARACTERISTICS
City of West Sacramento Reporting Portfolio | Account #10676 | As of December 31, 2025 12/31/2025
Portfolio
9/30/2025
Portfolio
Average Maturity (yrs) 0.00 0.00
Average Modified Duration 0.00 0.00
Average Purchase Yield 3.11% 3.49%
Average Market Yield 3.11% 3.49%
Average Quality** AAA AAA
Total Market Value 74,734,302 87,438,399
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 26 ATTACHMENT 1
182

PORTFOLIO CHARACTERISTICS
City of West Sacramento Cons Portfolio | Account #10677 | As of December 31, 2025 12/31/2025
Portfolio
9/30/2025
Portfolio
Average Maturity (yrs) 2.35 2.27
Average Modified Duration 2.00 1.93
Average Purchase Yield 3.92% 3.94%
Average Market Yield 3.62% 3.77%
Average Quality** AA+ AA+
Total Market Value 316,787,117 326,816,418
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 28 ATTACHMENT 1
183

HOLDINGS REPORT
City of West Sacramento Operating Portfolio | Account #10675 | As of December 31, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
47800AAC4 JDOT 2022-B A3 3.74 02/16/2027 50,046.74 07/12/2022

3.77%
50,041.96
50,045.61

99.96 4.07%
50,028.22

83.19 0.02%
(17.39)
Aaa/NA
AAA

1.13 0.12
44934FAD7 HALST 2024-B A3 5.41 05/17/2027 454,521.12 05/14/2024

5.41%
454,508.48
454,515.31
100.51

4.11%
456,838.72
1,092.87

0.19%
2,323.41
NA/AAA
AAA

1.38 0.37
47800BAC2 JDOT 2022-C A3 5.09 06/15/2027 157,410.26 10/12/2022

3.29%
157,398.04
157,406.75
100.24

4.16%
157,793.55
356.10

0.07%
386.80
Aaa/NA
AAA

1.45 0.24
36269WAD1 GMALT 2024-2 A3 5.39
07/20/2027 420,236.41 05/07/20245.85%
420,211.99
420,224.52
100.42

4.24%
421,985.01
692.11

0.18%
1,760.50
NA/AAA
AAA

1.55 0.34
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 335,000.00 05/17/20245.73%
334,960.81
334,978.07
100.97

4.03%
338,255.20
792.09

0.14%
3,277.12
Aaa/NA
AAA

2.05 0.72
44935WAD9 HALST 2025-A A3 4.83
01/18/2028 945,000.00 01/14/20254.83%
944,929.22
944,951.54
101.01

3.90%
954,557.73
2,028.60

0.40%
9,606.19
NA/AAA
AAA

2.05 1.02
44935DAD1 HALST 2025-B A3 4.53 04/17/2028 1,625,000.00 --

4.47%
1,626,662.31
1,626,166.00
100.90

3.88%
1,639,673.75
3,271.67

0.68%
13,507.75
NA/AAA
AAA

2.30 1.30
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 1,070,000.00 05/20/20254.84%
1,069,982.24
1,069,985.78
100.90

3.87%
1,079,602.18
1,497.41

0.45%
9,616.40
NA/AAA
AAA

2.39 1.18
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,350,000.00 09/07/2023

5.23%
1,349,625.78
1,349,797.63
100.94

3.83%
1,362,704.85
3,096.00

0.57%
12,907.22
NA/AAA
AAA

2.71 0.68
437930AC4 HAROT 2024-2 A3 5.27
11/20/2028 422,094.31 05/14/20245.27%
422,043.03
422,061.43
101.21

3.84%
427,199.54
803.27

0.18%
5,138.11
NA/AAA
AAA

2.89 0.81
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 561,799.54 06/04/20245.18%
561,714.20
561,742.42
100.91

3.98%
566,927.08
485.02

0.24%
5,184.66
Aaa/AAA
NA

3.16 0.73
43813YAC6 HAROT 2024-3 A3 4.57
03/21/2029 805,000.00 08/09/20244.66%
804,873.53
804,911.17
100.76

3.84%
811,118.00
1,021.90

0.34%
6,206.83
Aaa/NA
AAA

3.22 0.97
05522RDJ4 BACCT 2024-1 A 4.93 05/15/2029 645,000.00 06/06/2024

4.93%
644,963.82
644,975.33
101.57

3.78%
655,104.57
1,413.27

0.27%
10,129.24
Aaa/AAA
NA

3.37 1.30
477911AD3 JDOT 2024-C A3 4.06 06/15/2029 1,400,000.00 01/22/2025

4.72%
1,381,296.88
1,385,296.36
100.30

3.90%
1,404,247.60
2,526.22

0.58%
18,951.24
Aaa/NA
AAA

3.45 1.56
34535VAD6 FORDO 2024-D A3 4.61
08/15/2029 1,145,000.00 11/19/20244.66%
1,144,963.25
1,144,971.87
101.10

3.89%
1,157,593.86
2,345.98

0.48%
12,621.99
Aaa/NA
AAA

3.62 1.43
89240JAD3 TAOT 2025-A A3 4.64 08/15/2029 1,160,000.00 01/22/2025

4.69%
1,159,953.48
1,159,962.93
101.07

3.95%
1,172,416.64
2,392.18

0.49%
12,453.71
Aaa/NA
AAA

3.62 1.46
36 ATTACHMENT 1
184

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 945,000.00 03/04/2025

5.09%
944,940.56
944,951.22
100.75

3.85%
952,049.70
1,776.60

0.40%
7,098.48
Aaa/NA
AAA

3.71 1.77
096924AD7 BMWOT 2025-A A3 4.56
09/25/2029 1,000,000.00 05/20/20254.39%
1,004,492.19
1,003,685.53
101.01

3.82%
1,010,057.00
760.00

0.42%
6,371.47
Aaa/AAA
NA

3.73 1.27
92970QAE5 WFCIT 2024-2 A 4.29 10/15/2029 720,000.00 10/17/2024

4.29%
719,893.01
719,918.57
100.97

3.76%
726,974.64
1,372.80

0.30%
7,056.07
Aaa/AAA
NA

3.79 1.69
44935CAD3 HART 2025-A A3 4.32 10/15/2029 1,190,000.00 03/04/2025

4.84%
1,189,824.47
1,189,855.33
100.74

3.90%
1,198,811.95
2,284.80

0.50%
8,956.62
NA/AAA
AAA

3.79 1.61
437921AD1 HAROT 252 A3 4.15 10/15/2029 620,000.00 04/29/2025

4.15%
619,930.75
619,940.92
100.61

3.84%
623,792.54
1,143.56

0.26%
3,851.62
Aaa/NA
AAA

3.79 1.77
362955AD8 GMCAR 2025-1 A3 4.62
12/17/2029 770,000.00 01/09/20255.03%
769,942.79
769,953.96
101.03

3.89%
777,907.90
1,482.25

0.32%
7,953.94
Aaa/NA
AAA

3.96 1.32
58773DAD6 MBART 2025-1 A3 4.78
12/17/2029 1,120,000.00 01/14/20254.84%
1,119,761.78
1,119,807.45
101.45

3.85%
1,136,209.76
2,379.38

0.47%
16,402.31
Aaa/NA
AAA

3.96 1.47
02582JKM1 AMXCA 2025-1 A 4.56 12/17/2029 1,000,000.00 05/20/2025

4.40%
1,004,726.56
1,003,592.79
101.62

3.73%
1,016,176.00
2,026.67

0.42%
12,583.21
NA/AAA
AAA

3.96 1.83
02582JKP4 AMXCA 2025-2 A 4.28 04/15/2030 1,625,000.00 05/06/2025

4.28%
1,624,970.59
1,624,974.40
101.14

3.79%
1,643,547.75
3,091.11

0.68%
18,573.35
NA/AAA
AAA

4.29 2.14
21,526,611.73 100.96 21,741,573.74 9.05% 3.27
Total ABS 21,536,108.37 4.75% 21,528,672.89 3.87% 40,215.02 212,900.85 1.34 AGENCY
880591EZ1 TENNESSEE VALLEY AUTHORITY

3.875 03/15/2028 1,200,000.00 05/01/20233.81%
1,203,612.00
1,201,632.40
100.71

3.54%
1,208,480.40
13,691.67

0.50%
6,848.00
Aa1/AA+
AA+

2.21 2.07
3133EPME2 FEDERAL FARM CREDIT BANKS
FUNDING CORP 3.875 06/08/2028 2,000,000.00 06/07/20233.96% 1,992,080.00
1,996,146.21
100.86

3.50%
2,017,254.00
4,951.39

0.84%
21,107.79
Aa1/AA+
AA+

2.44 2.30
3,195,692.00 100.80 3,225,734.40 1.34% 2.35
Total Agency 3,200,000.00 3.90% 3,197,778.61 3.51% 18,643.06 27,955.79 2.22

AGENCY CMBS
3137BSP72 FHMS K-058 A2 2.653 08/25/2026 500,000.00 11/12/2021

1.36%
528,808.59
503,554.96

99.14 3.82%
495,717.50
1,105.42

0.21%
(7,837.46)
Aa1/AA+
AAA

0.65 0.59
37 ATTACHMENT 1
185

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137BSRE5 FHMS K-059 A2 3.12 09/25/2026 986,881.00 02/18/2022

1.98%
1,029,131.84
993,103.40

99.38 3.77%
980,782.08
2,565.89

0.41%
(12,321.32)
Aa1/AAA
AAA

0.73 0.65
3137BTAC5 FHMS K-060 A2 3.3 10/25/2026 1,000,000.00 10/31/2022

4.80%
946,875.00
989,843.75

99.41 3.80%
994,125.00
2,750.00

0.41%
4,281.25
Aa1/AA+
AAA

0.82 0.77
3137FBBX3 FHMS K-068 A2 3.244 08/25/2027 2,000,000.00 --

4.59%
1,887,460.94
1,962,797.64

99.12 3.71%
1,982,438.00
5,406.67

0.83%
19,640.36
Aaa/AA+
AA+

1.65 1.51
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 1,456,705.40 04/13/2023

4.08%
1,404,355.05
1,436,774.89

98.93 3.74%
1,441,088.06
3,868.77

0.60%
4,313.16
Aa1/AAA
AA+

1.73 1.61
3137F4D41 FHMS K-074 A2 3.6 01/25/2028 998,964.46 03/14/2023

5.09%
965,756.69
985,119.99

99.52 3.75%
994,200.40
2,996.89

0.41%
9,080.41
Aa1/AA+
AAA

2.07 1.89
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 3,530,000.00 --

4.94%
3,369,780.09
3,444,865.40
100.08

3.79%
3,532,965.20
11,472.50

1.47%
88,099.80
Aa1/AA+
AAA

2.65 2.45
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 1,000,000.00 11/28/2023

4.74%
964,531.25
980,099.91
100.21

3.76%
1,002,065.00
3,266.67

0.42%
21,965.09
Aa1/AA+
AAA

2.74 2.48
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 2,237,000.00 03/25/2024

4.61%
2,014,523.35
2,096,865.28

95.51 3.84%
2,136,592.26
4,213.02

0.89%
39,726.97
Aa1/AA+
AAA

3.07 2.83
3137FKZZ2 FHMS K-088 A2 3.69 01/25/2029 1,400,000.00 07/29/2024

4.47%
1,355,265.63
1,369,660.35

99.49 3.81%
1,392,829.20
4,305.00

0.58%
23,168.85
Aaa/AA+
AA+

3.07 2.78
3137FLMV3 FHMS K-090 A2 3.422 02/25/2029 1,520,000.00 03/18/2024

4.70%
1,434,975.00
1,466,106.20

98.66 3.83%
1,499,670.00
4,334.53

0.62%
33,563.80
Aa1/AAA
AA+

3.15 2.88
3137FLN91 FHMS K-091 A2 3.505 03/25/2029 2,810,000.00 11/15/2024

4.65%
2,686,074.61
2,718,365.03

98.88 3.84%
2,778,626.35
8,207.54

1.16%
60,261.32
Aa1/AAA
AA+

3.23 2.90
3137FMTY8 FHMS K-094 A2 2.903 06/25/2029 1,052,000.00 12/19/2024

4.68%
977,168.28
994,398.05

96.82 3.87%
1,018,506.42
2,544.96

0.42%
24,108.37
Aa1/AA+
AAA

3.48 3.18
3137FNX54 FHMS K-097 A2 2.508 07/25/2029 1,250,000.00 10/22/2024

4.32%
1,153,417.97
1,177,874.12

95.40 3.89%
1,192,472.50
2,612.50

0.50%
14,598.38
Aaa/AA+
AA+

3.56 3.32
3137H9D71 FHMS K-750 A2 3.0 09/25/2029 3,000,000.00 11/14/2024

4.63%
2,802,304.69
2,848,475.09

97.17 3.88%
2,914,971.00
7,500.00

1.21%
66,495.91
Aa1/AA+
AAA

3.73 3.11
3137FRUT6 FHMS K-106 A2 2.069 01/25/2030 2,000,000.00 06/06/2025

4.37%
1,810,078.13
1,833,347.84

92.97 3.95%
1,859,444.00
3,448.33

0.77%
26,096.16
Aa1/AA+
AAA

4.07 3.79
3137FTFY8 FHMS K-109 A2 1.558 04/25/2030 1,600,000.00 12/16/2025

3.89%
1,454,625.00
1,455,833.36

90.69 3.97%
1,451,067.20
2,077.33

0.60%
(4,766.16)
Aa1/AA+
AAA

4.31 3.99
Total Agency CMBS 28,341,550.86 4.44%
26,785,132.11
27,257,085.26

97.69 3.83%
27,667,560.16
72,676.02

11.52%
410,474.90

2.85 2.58
38 ATTACHMENT 1
186

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 6,422.77 -- 6,422.77
6,422.77

1.00 6,422.77

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 6,422.77
6,422.77
6,422.77

1.00 6,422.77

0.00 0.00%

0.00 0.00

0.00 CORPORATE
66815L2A6 NORTHWESTERNMUTUAL
GLOBAL FUNDING 0.8 01/14/2026 650,000.00 12/06/20211.46% 632,755.50
649,850.35

99.89 4.06%
649,292.15
2,412.22

0.27%
(558.20)
Aa1/AA+
AAA

0.04 0.03
023135BX3 AMAZON.COM INC 1.0
05/12/2026 1,655,000.00 05/10/20211.09%
1,647,850.40
1,654,487.08

99.02 3.74%
1,638,815.76
2,252.64

0.68%
(15,671.32)
A1/AA
AA0.360.36
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 275,000.00 --1.08%
275,889.15
275,052.88

99.02 3.84%
272,297.03
404.10

0.11%
(2,755.85)
A2/A+
A

0.37 0.36
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 1,130,000.00 06/15/20211.13%
1,129,502.80
1,129,954.26

98.79 3.80%
1,116,280.67
459.06

0.46%
(13,673.59)
A1/A+
A+

0.46 0.45
57629WDE7 MASSMUTUAL GLOBAL FUNDING
II 1.2 07/16/2026 772,000.00 08/10/20211.21%
771,785.72
771,976.65

98.54 3.96%
760,748.10
4,246.00

0.32%
(11,228.55)
Aa3/AA+
AA+

0.54 0.53
58989V2D5 MET TOWER GLOBAL FUNDING

1.25 09/14/2026 585,000.00 09/07/20211.27%
584,461.80
584,924.55

98.18 3.90%
574,378.74
2,173.44

0.24%
(10,545.81)
Aa3/AAAA0.70

0.68 931142ER0 WALMART INC 1.05 09/17/2026 265,000.00 09/08/2021

1.09%
264,499.15
264,928.96

98.21 3.63%
260,259.15
803.83

0.11%
(4,669.81)
Aa2/AA
AA

0.71 0.69
59217GER6 METROPOLITAN LIFE GLOBAL
FUNDING I 1.875 01/11/2027 845,000.00 01/03/20221.90%
844,036.70
844,802.17

97.99 3.89%
828,049.30
7,481.77

0.34%
(16,752.87)
Aa3/AAAA1.03

0.99 808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 725,000.00 03/01/20222.46%
724,796.70
724,949.84

98.42 3.84%
713,561.68
5,822.15

0.30%
(11,388.16)
A2/AA1.17

1.13 084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 1,225,000.00 03/07/20222.30%
1,224,767.25
1,224,944.17

98.42 3.65%
1,205,703.80
8,295.97

0.50%
(19,240.37)
Aa2/AA
A+

1.20 1.16
756109BG8 REALTY INCOME CORP 3.95
08/15/2027 1,425,000.00 --5.41%
1,337,997.25
1,395,478.55
100.01

3.94%
1,425,074.10
21,264.17

0.59%
29,595.55
A3/ANA1.62

1.53 61690U8A1 MORGAN STANLEY BANK NA

4.952 01/14/2028 1,500,000.00 11/20/20244.79%
1,504,785.00
1,502,307.05
100.94

4.40%
1,514,040.00
34,457.67

0.63%
11,732.95
Aa3/A+
AA2.040.98
39 ATTACHMENT 1
187

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
57636QAW4 MASTERCARD INC 4.875
03/09/2028 775,000.00 03/06/20234.90%
774,248.25
774,671.65
102.27

3.78%
792,626.60
11,754.17

0.33%
17,954.95
Aa3/A+
NA

2.19 1.96
63743HFG2

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.8
03/15/2028
900,000.00
04/10/2023

4.39%
915,975.00
906,994.70
101.82

3.93%
916,405.20
12,720.00

0.38%
9,410.50
A2/AA2.21

1.98 74340XCG4 PROLOGIS LP 4.875 06/15/2028 1,600,000.00 --

5.02%
1,589,759.50
1,594,899.20
102.36

3.86%
1,637,795.20
3,466.67

0.68%
42,896.00
A2/A
NA

2.46 2.22
24422EXB0 JOHN DEERE CAPITAL CORP 4.95
07/14/2028 1,000,000.00 09/12/20235.06%
995,310.00
997,542.07
102.69

3.82%
1,026,928.00
22,962.50

0.43%
29,385.93
A1/A
A+

2.54 2.32
89115A2U5 TORONTO-DOMINION BANK 5.523
07/17/2028 1,400,000.00 --5.45%
1,404,594.00
1,402,358.74
103.61

4.02%
1,450,479.80
35,224.47

0.60%
48,121.06
A2/AAA2.54

2.31 06051GKW8 BANK OF AMERICA CORP 4.948
07/22/2028 1,500,000.00 11/20/20244.82%
1,504,650.00
1,502,709.71
101.42

4.67%
1,521,238.50
32,780.50

0.63%
18,528.79
A1/AAA2.56

1.46 78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 1,000,000.00 08/07/20235.31%
995,280.00
997,553.07
103.09

3.93%
1,030,935.00
21,666.67

0.43%
33,381.93
A1/A
AA2.592.35
74456QBX3 PUBLIC SERVICE ELECTRICAND
GAS CO 3.65 09/01/2028 1,000,000.00 12/07/20234.77%
953,250.00
973,618.48

99.26 3.94%
992,620.00
12,166.67

0.41%
19,001.52
A1/A
NA

2.67 2.48
66815L2Q1

NORTHWESTERNMUTUAL
GLOBAL FUNDING 4.71
01/10/2029
800,000.00
--

4.67%
801,507.56
800,911.80
101.77

4.08%
814,125.60
17,898.00

0.34%
13,213.80
Aa1/AA+
AAA

3.03 2.74
57629W5B2 MASSMUTUAL GLOBAL FUNDING
II 4.85 01/17/2029 800,000.00 01/09/20244.85%
799,896.00
799,936.70
102.04

4.13%
816,316.80
17,675.56

0.34%
16,380.10
Aa3/AA+
AA+

3.05 2.75
46647PAM8 JPMORGAN CHASE & CO 3.509
01/23/2029 1,300,000.00 01/18/20245.07%
1,227,577.00
1,262,722.73

99.05 4.28%
1,287,664.30
20,020.79

0.54%
24,941.57
A1/A
AA3.061.93
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,250,000.00 04/09/20244.85%
1,236,725.00
1,241,487.67
101.84

3.96%
1,272,945.00
24,118.06

0.53%
31,457.33
A1/A+
NA

3.08 2.80
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 685,000.00 02/21/20244.86%
684,760.25
684,848.83
102.64

3.95%
703,092.22
11,535.59

0.29%
18,243.39
A1/AANA3.16

2.79 06051GMT3 BANK OF AMERICA CORP 4.623
05/09/2029 1,000,000.00 05/19/20254.64%
999,600.00
999,683.32
101.33

4.26%
1,013,266.00
6,677.67

0.42%
13,582.68
A1/AAA3.35

2.20 64952WFG3 NEW YORK LIFE GLOBAL FUNDING

5.0 06/06/2029 650,000.00 06/03/20245.04%
648,752.00
649,144.31
102.62

4.17%
667,018.95
2,256.94

0.28%
17,874.64
Aa1/AA+
AAA

3.43 3.12
24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029 750,000.00 06/07/20245.04%
743,835.00
745,756.08
102.76

3.98%
770,676.00
2,020.83

0.32%
24,919.92
A1/A
A+

3.44 3.14
40 ATTACHMENT 1
188

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
341081GT8 FLORIDA POWER & LIGHT CO 5.15
06/15/2029 1,000,000.00 06/13/20244.82%
1,013,864.81
1,009,437.19
103.84

3.95%
1,038,359.00
2,288.89

0.43%
28,921.81
Aa2/A+
AA3.453.00
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,000,000.00 06/20/20244.84%
995,870.00
997,125.28
102.52

3.97%
1,025,244.00
791.67

0.43%
28,118.72
A2/A
A

3.48 3.12
713448FX1 PEPSICO INC 4.5 07/17/2029 1,165,000.00 07/15/2024

4.53%
1,163,194.25
1,163,721.34
101.96

3.90%
1,187,806.04
23,882.50

0.49%
24,084.70
A1/A+
NA

3.54 3.12
30303M8S4 META PLATFORMS INC 4.3
08/15/2029 760,000.00 08/12/20244.33%
758,820.12
759,145.78
101.20

3.94%
769,156.48
12,345.78

0.32%
10,010.70
Aa3/AANA3.62

3.20 171239AL0 CHUBB INA HOLDINGS LLC 4.65
08/15/2029 721,000.00 08/12/20244.52%
725,073.59
723,929.81
102.21

3.99%
736,927.61
12,665.57

0.31%
12,997.80
A2/A
A

3.62 3.19
40139LBJ1 GUARDIAN LIFE GLOBAL FUNDING

4.179 09/26/2029 940,000.00 09/23/20244.18%
940,000.00
940,000.00

99.93 4.20%
939,377.72
10,366.24

0.39%
(622.28)
Aa1/AA+
NA

3.74 3.39
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 1,720,000.00 10/17/20254.25%
1,720,215.80
1,720,201.77

99.97 4.27%
1,719,446.16
13,625.12

0.72%
(755.61)
A1/AA+3.80

2.59 38141GD27 GOLDMAN SACHS GROUP INC

4.153 10/21/2029 1,850,000.00 --4.29%
1,850,234.00
1,850,218.63

99.98 4.27%
1,849,585.60
14,939.26

0.77%
(633.03)
A2/BBB+
A

3.80 2.60
14913UAU4 CATERPILLAR FINANCIAL SERVICES
CORP 4.7 11/15/2029 2,000,000.00 --4.70%
2,000,040.00
2,000,029.27
102.60

3.97%
2,051,954.00
12,011.11

0.85%
51,924.73
A2/A
A+

3.87 3.50
857449AE2 STATE STREET BANK AND TRUST
CO 4.782 11/23/2029 2,000,000.00 11/29/20244.60%
2,016,280.00
2,012,740.87
102.93

3.96%
2,058,586.00
10,095.33

0.86%
45,845.13
Aa2/AAAA3.90

3.52 26444HAH4 DUKE ENERGY FLORIDA LLC 2.5
12/01/2029 1,368,000.00 12/02/20244.63%
1,239,667.92
1,267,388.78

94.38 4.07%
1,291,184.06
2,850.00

0.54%
23,795.29
A1/A
NA

3.92 3.66
64952WFK4 NEW YORK LIFE GLOBAL FUNDING

4.6 12/05/2029 1,560,000.00 12/02/20244.61%
1,559,110.80
1,559,301.69
101.57

4.16%
1,584,498.24
5,182.67

0.66%
25,196.55
Aa1/AA+
AAA

3.93 3.55
59217GFT1 METROPOLITAN LIFE GLOBAL
FUNDING I 4.9 01/09/2030 1,540,000.00 01/02/20254.95%
1,536,827.60
1,537,447.83
102.32

4.27%
1,575,697.20
36,053.11

0.66%
38,249.37
Aa3/AAAA4.02

3.54 89236TNA9 TOYOTA MOTOR CREDIT CORP

4.95 01/09/2030 1,660,000.00 01/06/20255.00%
1,656,447.60
1,657,142.13
102.97

4.14%
1,709,243.90
39,259.00

0.71%
52,101.77
A1/A+
A+

4.02 3.54
46647PEB8 JPMORGAN CHASE & CO 5.012
01/23/2030 1,000,000.00 01/21/20255.02%
999,750.00
999,808.69
102.47

4.35%
1,024,700.00
21,997.11

0.43%
24,891.31
A1/A
AA4.062.76
63743HFX5

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.95
02/07/2030
1,000,000.00
02/05/2025

4.88%
1,002,872.78
1,002,347.84
102.92

4.17%
1,029,175.00
19,800.00

0.43%
26,827.16
A2/NA
A

4.10 3.55
41 ATTACHMENT 1
189

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
00287YDZ9 ABBVIE INC 4.875 03/15/2030 2,000,000.00 05/21/2025

4.67%
2,017,080.00
2,014,868.49
103.03

4.08%
2,060,652.00
28,708.33

0.86%
45,783.51
A3/ANA4.20

3.66 40139LBK8 GUARDIAN LIFE GLOBAL FUNDING

4.798 04/28/2030 1,000,000.00 05/19/20254.62%
1,007,620.00
1,006,665.39
102.12

4.26%
1,021,169.00
8,396.50

0.43%
14,503.61
Aa1/AA+
NA

4.32 3.85
57629TBX4 MASSMUTUAL GLOBAL FUNDING
II 4.55 05/07/2030 1,000,000.00 05/19/20254.68%
994,200.00
994,923.00
100.94

4.31%
1,009,392.00
6,825.00

0.42%
14,469.00
Aa3/AA+
AA+

4.35 3.89
69371RT71 PACCAR FINANCIAL CORP 4.55
05/08/2030 1,000,000.00 05/19/20254.57%
999,060.00
999,177.11
101.85

4.08%
1,018,469.00
6,698.61

0.42%
19,291.89
A1/A+
NA

4.35 3.89
74153WCW7 PRICOA GLOBAL FUNDING I 4.7
05/28/2030 1,900,000.00 05/20/20254.70%
1,899,813.50
1,899,835.77
101.76

4.26%
1,933,508.40
8,185.83

0.80%
33,672.63
Aa3/AAAA4.41

3.93 66815L2W8 NORTHWESTERNMUTUAL
GLOBAL FUNDING 4.6 06/03/2030 1,000,000.00 05/27/20254.60% 999,820.00
999,840.90
101.47

4.23%
1,014,740.00
3,577.78

0.42%
14,899.10
Aa1/AA+
AAA

4.42 3.96
74464AAC5 PUBLIC STORAGE OPERATING CO

4.375 07/01/2030 2,500,000.00 08/19/20254.32%
2,506,150.00
2,505,678.01
100.82

4.17%
2,520,402.50
54,991.32

1.05%
14,724.49
A2/A
NA

4.50 3.98
24422EYF0 JOHN DEERE CAPITAL CORP 4.375
10/15/2030 2,000,000.00 11/04/20254.22%
2,013,840.00
2,013,402.95
101.05

4.13%
2,021,068.00
18,472.22

0.84%
7,665.05
A1/A
A+

4.79 4.25
141781CF9 CARGILL INC 4.125 10/23/2030 1,285,000.00 10/20/2025

4.14%
1,284,026.95
1,284,064.25

99.57 4.22%
1,279,432.10
10,012.29

0.53%
(4,632.16)
A2/A
NA

4.81 4.29
665859AY0 NORTHERN TRUST CORP 4.15
11/19/2030 1,500,000.00 11/13/20254.15%
1,499,940.00
1,499,941.41
100.11

4.12%
1,501,624.50
7,262.50

0.63%
1,683.09
A2/A+
A+

4.88 4.36
Total Corporate 63,931,000.00 4.31%
63,618,666.70
63,776,879.71
101.15

4.08%
64,644,032.15
736,301.85

26.91%
867,152.43

3.24 2.78

MONEY MARKET
FUND
X9USDDGCM DREYFUS GVT CM INST 620,417.79 --

3.65%
620,417.79
620,417.79

1.00 3.65%
620,417.79

0.00 0.26%

0.00 Aaa/AAAm
NA

0.00 0.00
Total Money Market
Fund 620,417.79 3.65%
620,417.79
620,417.79

1.00 3.65%
620,417.79

0.00 0.26%

0.00 0.00

0.00 MUNICIPAL BONDS
13063EGT7 CALIFORNIA STATE 4.5 08/01/2029 2,400,000.00 --

4.41%
2,409,753.35
2,407,392.65
102.47

3.76%
2,459,280.00
45,000.00

1.02%
51,887.35
Aa2/AAAA3.58

3.23 42 ATTACHMENT 1
190

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Municipal
Bonds 2,400,000.00 4.41%
2,409,753.35
2,407,392.65
102.47

3.76%
2,459,280.00
45,000.00

1.02%
51,887.35

3.58 3.23

SUPRANATIONAL
4581X0DV7 INTER-AMERICAN DEVELOPMENT
BANK 0.875 04/20/2026 2,175,000.00 04/13/20210.97%
2,165,038.50
2,174,405.37

99.14 3.77%
2,156,273.25
3,753.39

0.90%
(18,132.12)
Aaa/AAA
NA

0.30 0.30
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
2,450,000.00
08/25/2023

4.56%
2,337,814.50
2,391,794.71

99.78 3.59%
2,444,695.75
40,254.86

1.02%
52,901.04
Aaa/AAA
NA

2.53 2.36
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
2,000,000.00
12/12/2024

4.25%
1,967,440.00
1,974,511.86
100.70

3.68%
2,013,996.00
16,140.00

0.84%
39,484.14
Aaa/AAA
NA

3.79 3.47
459058LR2

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 4.125 03/20/2030
2,000,000.00
03/14/2025

4.20%
1,993,200.00
1,994,268.78
101.49

3.74%
2,029,762.00
23,145.83

0.84%
35,493.22
Aaa/AAA
NA

4.22 3.80
Total Supranational 8,625,000.00 3.51%
8,463,493.00
8,534,980.71
100.24

3.69%
8,644,727.00
83,294.08

3.60%
109,746.29

2.66 2.44

US TREASURY
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 530,000.00 09/23/20210.90%
526,252.73
529,496.76

98.17 3.59%
520,303.65
1,350.62

0.22%
(9,193.11)
Aa1/AA+
AA+

0.67 0.64
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 1,060,000.00 10/18/20211.18%
1,044,141.41
1,057,612.87

98.03 3.59%
1,039,084.08
2,369.71

0.43%
(18,528.79)
Aa1/AA+
AA+

0.75 0.73
91282CLS8 UNITED STATES TREASURY 4.125
10/31/2026 3,000,000.00 11/14/20244.29%
2,990,976.56
2,996,176.08
100.43

3.59%
3,012,816.00
21,194.75

1.25%
16,639.92
Aa1/AA+
AA+

0.83 0.80
912828YQ7 UNITED STATES TREASURY 1.625
10/31/2026 2,400,000.00 11/02/20224.41%
2,156,250.00
2,349,344.14

98.41 3.59%
2,361,933.60
6,679.56

0.98%
12,589.46
Aa1/AA+
AA+

0.83 0.81
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 1,060,000.00 11/15/20211.25%
1,053,540.63
1,058,918.08

97.99 3.62%
1,038,675.98
2,042.40

0.43%
(20,242.10)
Aa1/AA+
AA+

0.83 0.81
91282CLY5 UNITED STATES TREASURY 4.25
11/30/2026 2,000,000.00 12/18/20244.35%
1,996,171.88
1,998,207.08
100.61

3.56%
2,012,252.00
7,472.53

0.84%
14,044.92
Aa1/AA+
AA+

0.91 0.88
91282CME8 UNITED STATES TREASURY 4.25
12/31/2026 3,500,000.00 12/30/20244.26%
3,499,589.84
3,499,795.48
100.70

3.53%
3,524,416.00
410.91

1.47%
24,620.52
Aa1/AA+
AA+

1.00 0.97
43 ATTACHMENT 1
191

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CJT9 UNITED STATES TREASURY 4.0
01/15/2027 3,000,000.00 01/16/20254.25%
2,985,937.50
2,992,679.00
100.48

3.52%
3,014,385.00
55,434.78

1.25%
21,706.00
Aa1/AA+
AA+

1.04 0.99
91282CET4 UNITED STATES TREASURY 2.625
05/31/2027 600,000.00 06/13/20223.40%
578,718.75
593,951.52

98.80 3.50%
592,828.20
1,384.62

0.25%
(1,123.32)
Aa1/AA+
AA+

1.41 1.37
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 3,000,000.00 --3.69%
2,968,183.60
2,981,197.52

99.66 3.49%
2,989,689.00
269.34

1.24%
8,491.48
Aa1/AA+
AA+

1.50 1.45
91282CFB2 UNITED STATES TREASURY 2.75
07/31/2027 1,180,000.00 --2.99%
1,166,739.07
1,175,777.76

98.87 3.49%
1,166,678.98
13,579.62

0.49%
(9,098.78)
Aa1/AA+
AA+

1.58 1.51
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 3,500,000.00 --3.28%
3,474,796.89
3,491,574.89

99.43 3.48%
3,479,903.00
37,163.33

1.45%
(11,671.89)
Aa1/AA+
AA+

1.67 1.58
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 2,400,000.00 11/03/20224.41%
2,368,968.75
2,388,623.01
101.11

3.49%
2,426,625.60
16,955.80

1.01%
38,002.59
Aa1/AA+
AA+

1.83 1.74
91282CLX7 UNITED STATES TREASURY 4.125
11/15/2027 3,000,000.00 11/14/20244.25%
2,989,218.75
2,993,275.26
101.14

3.49%
3,034,218.00
16,066.99

1.26%
40,942.74
Aa1/AA+
AA+

1.87 1.78
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 700,000.00 01/25/20233.57%
709,679.69
703,920.27
100.75

3.48%
705,222.70

74.93 0.29%
1,302.43
Aa1/AA+
AA+

2.00 1.91
91282CMF5 UNITED STATES TREASURY 4.25
01/15/2028 4,000,000.00 01/07/20254.37%
3,986,875.00
3,991,082.19
101.47

3.49%
4,058,908.00
78,532.61

1.69%
67,825.81
Aa1/AA+
AA+

2.04 1.90
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 1,000,000.00 03/14/20233.90%
982,578.13
992,565.63
100.02

3.49%
1,000,195.00
14,646.74

0.42%
7,629.37
Aa1/AA+
AA+

2.08 1.96
91282CGP0 UNITED STATES TREASURY 4.0
02/29/2028 2,900,000.00 02/23/20234.16%
2,879,269.53
2,891,047.43
101.04

3.49%
2,930,247.00
39,414.36

1.22%
39,199.57
Aa1/AA+
AA+

2.16 2.03
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,100,000.00 --3.55%
2,095,664.07
2,097,938.58

99.98 3.51%
2,099,672.40
12,588.40

0.87%
1,733.82
Aa1/AA+
AA+

2.33 2.20
91282CHE4 UNITED STATES TREASURY 3.625
05/31/2028 3,000,000.00 --4.01%
2,958,515.62
2,974,602.00
100.26

3.51%
3,007,851.00
9,560.44

1.25%
33,249.00
Aa1/AA+
AA+

2.42 2.28
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 550,000.00 09/25/20234.62%
544,199.22
546,866.10
102.11

3.53%
561,623.15
8,175.93

0.23%
14,757.05
Aa1/AA+
AA+

2.67 2.46
91282CJF9 UNITED STATES TREASURY 4.875
10/31/2028 750,000.00 10/27/20234.79%
752,841.80
751,608.33
103.54

3.54%
776,572.50
6,262.09

0.32%
24,964.17
Aa1/AA+
AA+

2.84 2.61
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 900,000.00 12/28/20233.83%
921,937.50
912,981.92
102.27

3.55%
920,425.50
3,461.54

0.38%
7,443.58
Aa1/AA+
AA+

2.92 2.71
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 2,150,000.00 --3.98%
2,127,462.89
2,136,399.78
100.57

3.55%
2,162,177.60
222.72

0.90%
25,777.82
Aa1/AA+
AA+

3.00 2.81
44 ATTACHMENT 1
192

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 3,100,000.00 --4.30%
3,058,937.50
3,074,355.99
101.27

3.56%
3,139,475.40
51,891.30

1.31%
65,119.41
Aa1/AA+
AA+

3.08 2.83
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 2,500,000.00 --4.59%
2,448,730.47
2,466,444.89
101.66

3.58%
2,541,407.50
26,347.87

1.06%
74,962.61
Aa1/AA+
AA+

3.25 2.99
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 4,000,000.00 --4.47%
4,027,509.77
4,018,437.70
103.23

3.58%
4,129,220.00
31,685.08

1.72%
110,782.30
Aa1/AA+
AA+

3.33 3.05
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 1,250,000.00 07/18/20244.09%
1,258,837.89
1,256,240.81
102.11

3.60%
1,276,416.25
146.75

0.53%
20,175.44
Aa1/AA+
AA+

3.50 3.23
91282CLK5 UNITED STATES TREASURY 3.625
08/31/2029 2,500,000.00 09/11/20243.45%
2,519,628.91
2,514,486.20

99.98 3.63%
2,499,610.00
30,792.47

1.04%
(14,876.20)
Aa1/AA+
AA+

3.67 3.36
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 1,500,000.00 10/04/20243.76%
1,482,187.50
1,486,603.90

99.54 3.63%
1,493,028.00
13,413.46

0.62%
6,424.10
Aa1/AA+
AA+

3.75 3.45
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 3,000,000.00 11/19/20244.24%
2,985,234.38
2,988,561.96
101.71

3.64%
3,051,327.00
21,194.75

1.27%
62,765.04
Aa1/AA+
AA+

3.83 3.49
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 2,000,000.00 12/18/20244.40%
1,975,625.00
1,980,723.92
101.73

3.65%
2,034,532.00
7,252.75

0.85%
53,808.08
Aa1/AA+
AA+

3.91 3.58
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 4,000,000.00 --4.49%
3,978,828.13
3,982,912.76
102.67

3.65%
4,106,876.00
483.43

1.71%
123,963.24
Aa1/AA+
AA+

4.00 3.65
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 5,000,000.00 --4.00%
4,999,257.82
4,999,441.47
101.27

3.67%
5,063,670.00
67,955.80

2.11%
64,228.53
Aa1/AA+
AA+

4.16 3.75
91282CGS4 UNITED STATES TREASURY 3.625
03/31/2030 5,000,000.00 --3.86%
4,947,812.51
4,954,131.79

99.81 3.67%
4,990,625.00
46,308.38

2.08%
36,493.21
Aa1/AA+
AA+

4.25 3.86
91282CGZ8 UNITED STATES TREASURY 3.5
04/30/2030 4,000,000.00 07/15/20254.02%
3,909,531.25
3,918,272.94

99.28 3.68%
3,971,092.00
23,977.90

1.65%
52,819.06
Aa1/AA+
AA+

4.33 3.95
91282CNG2 UNITED STATES TREASURY 4.0
05/31/2030 5,000,000.00 06/03/20254.02%
4,996,484.38
4,996,891.51
101.27

3.68%
5,063,670.00
17,582.42

2.11%
66,778.49
Aa1/AA+
AA+

4.41 4.00
91282CNK3 UNITED STATES TREASURY 3.875
06/30/2030 5,000,000.00 07/09/20253.98%
4,976,562.50
4,978,821.07
100.75

3.69%
5,037,695.00
535.22

2.10%
58,873.93
Aa1/AA+
AA+

4.50 4.09
91282CNX5 UNITED STATES TREASURY 3.625
08/31/2030 7,500,000.00 --3.71%
7,470,605.47
7,472,185.58

99.64 3.71%
7,473,337.50
92,377.42

3.11%
1,151.92
Aa1/AA+
AA+

4.67 4.20
91282CPN5 UNITED STATES TREASURY 3.5
11/30/2030 7,000,000.00 --3.68%
6,943,281.25
6,944,061.44

98.99 3.73%
6,929,454.00
21,538.46

2.88%
(14,607.44)
Aa1/AA+
AA+

4.91 4.45
Total US Treasury 110,630,000.00 3.97%
109,737,564.54
110,138,215.62
100.56

3.60%
111,238,139.59
808,798.18

46.30%
1,099,923.97

3.07 2.82
45 ATTACHMENT 1
193

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Portfolio 239,290,499.79 4.17%
236,363,753.99
237,467,846.02
100.18

3.78%
240,247,887.59
1,804,928.21
100.00%
2,780,041.57

3.08 2.62
Total Market Value +
Accrued 242,052,815.80
46 ATTACHMENT 1
194

HOLDINGS REPORT
City of West Sacramento Reporting Portfolio | Account #10676 | As of December 31, 2025 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
86723G1$8 Suncrest Bank 1,047,954.53 --

0.02%
1,047,954.53
1,047,954.53

1.00 0.02%
1,047,954.53

0.00 1.40%

0.00 NA/NA
NA

0.00 0.00
90JPMC$04 CASH JP MORGAN CHASE CASH
ACCT 8,294,607.53 --1.45%
8,294,607.53
8,294,607.53

1.00 1.45%
8,294,607.53

0.00 11.10%

0.00 NA/NA
NA

0.00 0.00
90BOFA$00 Cash BOA 9,826,348.83 --

0.00%
9,826,348.83
9,826,348.83

1.00 0.00%
9,826,348.83

0.00 13.15%

0.00 NA/NA
NA

0.00 0.00
CCYUSD Receivable 553,618.55 -- 553,618.55
553,618.55

1.00 553,618.55

0.00 0.74%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 19,722,529.44 0.63%
19,722,529.44
19,722,529.44

1.00 0.63%
19,722,529.44

0.00 26.39%

0.00 0.00

0.00 LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 48,969,466.35 --3.98%
48,969,466.31
48,969,466.31

1.00 3.98%
48,969,466.35

0.00 65.52%

0.04 NA/NA
NA

0.00 0.00
Total LAIF 48,969,466.35 3.98%
48,969,466.31
48,969,466.31

1.00 3.98%
48,969,466.35

0.00 65.52%

0.04 0.00

0.00 LOCAL GOV

INVESTMENT POOL
90CAMP$00 CAMP 6,042,305.93 --

3.90%
6,038,305.93
6,038,305.93

1.00 3.90%
6,042,305.93

0.00 8.09%
4,000.00
NA/AAAm
NA

0.00 0.00
Total Local Gov
Investment Pool 6,042,305.93 3.90%
6,038,305.93
6,038,305.93

1.00 3.90%
6,042,305.93

0.00 8.09%
4,000.00

0.00 0.00
Total Portfolio 74,734,301.72 3.11%
74,730,301.68
74,730,301.68

1.00 3.11%
74,734,301.72

0.00 100.00%
4,000.04

0.00 0.00
Total Market Value +
Accrued 74,734,301.72
47 ATTACHMENT 1
195

CITY COUNCIL AGENDA REPORT
MEETING DATE: February 18, 2026 ITEM # 9
SUBJECT:

CONSIDERATION OF APPROVING A SUPPORT POSITION ON SENATE BILL 417 (CABALDON), THE AFFORDABLE HOUSING BOND ACT OF 2026
INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [ X ] Staff
[ ] Other
Doug Drozd, Deputy City Manager
City Manager’s Office
ATTACHMENT [ X ] Yes [ ] No [ ] Information [ ] Direction [ X ] Action

OBJECTIVE
The objective of this item is to provide the Council with sufficient information to approve a support position on Senate Bill (SB) 417, the Affordable Housing Bond Act of 2026.

RECOMMENDED ACTION
Staff respectfully recommends that the City Council:

1. Adopt a support position on SB 417;

2. Authorize the Mayor to sign and transmit the attached letter of support; and,

3. Authorize the City Manager, or his designee, to take all actions necessary to support the legislation.

BACKGROUND
If approved by the Legislature and signed by the Governor, SB 417 would place a measure on the November 2026 statewide ballot authorizing $10 billion in general obligation bond funds to support the construction, rehabilitation, and preservation of affordable housing and permanent supportive housing.

Earlier this year, SB 417 was approved by the State Senate and is anticipated to be considered by the Assembly in the coming weeks.

ANALYSIS
The City of West Sacramento has a long-standing and successful record of facilitating the development of affordable and supportive housing, with multiple projects recently completed or currently under construction.

These developments require substantial and often complex funding packages that combine private capital with multiple public funding sources.

As a designated Prohousing Jurisdiction recognized by the California Department of Housing and Community Development, the City has taken an active role in supporting affordable housing development. This includes direct financial participation through the City’s Housing Trust Fund, as well as the strategic pursuit of competitive state and federal grant funding. While these efforts have yielded positive results, the demand for affordable housing continues to outpace available funding resources.

If approved by voters, SB 417 would provide an additional, flexible funding source that could be leveraged with existing local, state, and federal resources to advance new affordable and supportive housing projects. For these reasons, staff recommends that the City Council adopt a support position on SB 417.

Environmental Considerations
The proposed actions contained in this report fall within the “common sense” CEQA exemption set forth in CEQA Guidelines Section 15061(b)(3), excluding projects where “it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment.” Commission Recommendation
N/A
Strategic Plan Integration
If approved by voters, SB 417 would give the City more options and flexibility in pursuing funding for affordable and supportive housing projects to support the 2025 Strategic Plan Principle item, “Housing & Homelessness” and the associated management agenda item, “Homeless & Communitywide Impact Management.” Alternatives
Staff has summarized the Council’s primary alternatives below: 196 Support Position on SB 417 (Cabaldon)
February 18, 2026

Page 2 ends

1. Approve a support position on SB 417 (Cabaldon), authorize the Mayor to sign and transmit the attached letter of support, and authorize the City Manager, or his designee, to take all actions necessary to support the legislation.

2. Approve a support position on SB 417 (Cabaldon), authorize the Mayor to sign and transmit the attached letter of support, and authorize the City Manager, or his designee, to take all actions necessary to support the legislation with directed modifications.

3. Decline to approve a support position on SB 417 (Cabaldon).

Alternative 1 is staff’s recommended action. Staff is prepared to implement Alternative 2. Staff is not recommending Alternative 3 because SB 417 presents an opportunity to expand the City’s affordable and supportive housing stock.

Coordination and Review
City Manager’s Office staff prepared this item in consultation with the City’s contract advocates at Arc Strategies.

Budget/Cost Impact
There is no direct budget or cost impact associated with this item.

ATTACHMENTS

1. Draft Letter of Support for SB 417 (Cabaldon)

2. Full Text of SB 417 (Cabaldon)
197
1110 West Capitol Avenue
West Sacramento, CA 95691
(916) 617-4500
www.cityofwestsacramento.org
February 19, 2026
The Honorable Christopher Cabaldon
Member, California State Senate
1021 O Street, Suite 7320
Sacramento, CA 95814
RE: SB 417 (Cabaldon) The Affordable Housing Bond Act of 2026 Notice of SUPPORT Dear Senator Cabaldon,
The City of West Sacramento is pleased to support SB 417, which would place a $10 billion bond measure on the June 2026 ballot to spur the production of affordable and supportive housing.

As you know, housing affordability and homelessness are among the most critical issues facing Californians today, and local governments are on the front lines of delivering solutions. While West Sacramento is a designated prohousing jurisdiction with a long and successful track record of supporting the development of affordable and supportive housing, the availability of sufficient and flexible funding continues to be a primary constraint. SB 417 would provide critical resources to advance new projects, while allowing cities like West Sacramento to better leverage existing state, federal, and local investments to maximize housing production.

Thank you for your leadership on this important issue and for your continued, steadfast representation of the City of West Sacramento in the Legislature. If you have any questions or if we can be of further assistance, please contact the City’s Deputy City Manager Doug Drozd at (916) 617-5326 or [email protected] and our representative Amy Brown at (916) 341-0808 or [email protected].

Sincerely,
Martha Guerrero
Mayor
City of West Sacramento
198
AMENDED IN SENATE JANUARY 22, 2026
SENATE BILL No. 417
Introduced by Senator Cabaldon
(Principal coauthors: Senators Arreguín, Becker,Caballero, Wahab, and Wiener)
(Principal coauthors: Assembly Members Mark González and Wicks) (Coauthors: Senators Ashby, Blakespear, Grayson, Reyes, and Umberg)
(Coauthors: Assembly Members Addis, Ahrens, Alvarez, Ávila Farías, Berman, Connolly, Haney, Harabedian, Krell, Schultz, Ward, Wilson, and Zbur)
February 18, 2025
An act to add Part 16.1 (commencing with Section 54050) to Division 31 of the Health and Safety Code, relating to housing, by providing the funds necessary therefor through an election for the issuance and sale of bonds of the State of California and for the handling and disposition of those funds, and declaring the urgency thereof, to take effect immediately.
legislative counsel’s digest
SB 417, as amended, Cabaldon. The Affordable Housing Bond Act of 2026.

Under existing law, there are programs providing assistance for, among other things, emergency housing, multifamily housing, farmworker housing, home ownership for very low and low-income households, and downpayment assistance for first-time home buyers.

Existing law also authorizes the issuance of bonds in specified amounts pursuant to the State General Obligation Bond Law and requires that proceeds from the sale of these bonds be used to finance various existing

98 199
housing programs, capital outlay related to infill development, brownfield cleanup that promotes infill development, and housing-related parks.

This bill would enact the Affordable Housing Bond Act of 2026, which, if adopted, would authorize the issuance of bonds in the amount of $10,000,000,000 pursuant to the State General Obligation Bond Law.

Proceeds from the sale of these bonds would be used to finance programs to fund affordable rental housing and home ownership programs, including, among others, the Multifamily Housing Program, the CalHome Program, and the Joe Serna, Jr. Farmworker Housing Grant Program.

This bill would provide for submission of the bond act to the voters at the June 2, November 3, 2026, statewide primary general election, in accordance with specified law.

This bill would declare that it is to take effect immediately as an urgency statute.

Vote: 2⁄3. Appropriation: no. Fiscal committee: yes.

State-mandated local program: no.

The people of the State of California do enact as follows:
line 1 SECTION 1. Part 16.1 (commencing with Section 54050) is line 2 added to Division 31 of the Health and Safety Code, to read:
line 3
line 4 PART 16.1. AFFORDABLE HOUSING BOND ACT OF 2026
line 5
line 6 Chapter 1. General Provisions
line 7
line 8 54050. This part shall be known, and may be cited, as the line 9 Affordable Housing Bond Act of 2026.
line 10 54051. This part shall only become operative upon adoption line 11 by the voters at the June 2, November 3, 2026, statewide general line 12 election.
line 13 54052. For purposes of this part, “fund” means the Affordable line 14 Housing Bond Act Trust Fund of 2026 created pursuant to Section line 15 54054.
98 SB 417 — 2 —
200
line 1 Chapter 2. Affordable Housing Bond Act Trust Fund line 2 of 2026 and Program
line 3
line 4 54054. (a)  The Affordable Housing Bond Act Trust Fund of line 5 2026 is hereby created within the State Treasury. It is the intent line 6 of the Legislature that the proceeds of bonds, exclusive of line 7 refunding bonds issued pursuant to Section 54076, be deposited line 8 in the fund and used to fund affordable rental housing and home line 9 ownership programs.
line 10 (b)  The proceeds of bonds issued and sold pursuant to this part line 11 for the purposes specified in this chapter shall be allocated in the line 12 following manner:
line 13 (1)  Five billion two hundred fifty million dollars line 14 ($5,250,000,000), to be deposited in the Housing Rehabilitation line 15 Loan Fund established pursuant to Section 50661 to be used for line 16 the Multifamily Housing Program authorized by Chapter 6.7 line 17 (commencing with Section 50675) of Part 2 and the Infill line 18 Infrastructure Grant Program of 2019 established by Section 53559. line 19 At least 10 percent of assisted units in each development receiving line 20 these funds shall be affordable to extremely low income line 21 households.
line 22 (2)  One billion seven hundred fifty million dollars line 23 ($1,750,000,000), to be deposited in the Housing Rehabilitation line 24 Loan Fund established pursuant to Section 50661 to be used for line 25 supportive housing, as described in Section 50675.14, pursuant to line 26 the Multifamily Housing Program authorized by Chapter 6.7 line 27 (commencing with Section 50675) of Part 2. The department shall line 28 offer capitalized operating subsidy reserves for supportive housing line 29 units in developments receiving these funds.
line 30 (3)  Eight hundred million dollars ($800,000,000), to be line 31 appropriated by the Legislature, to the program commonly known line 32 as the Portfolio Reinvestment Program established pursuant to line 33 Chapter 5.5 (commencing with Section 50606) of Part 2. line 34 (4)  Five hundred million dollars ($500,000,000), to be line 35 appropriated by the Legislature, to a program, to be administered line 36 by the Department of Housing and Community Development, to line 37 fund the acquisition and rehabilitation of unrestricted housing units line 38 and attach long-term affordability restrictions on the housing units, line 39 while safeguarding against the displacement of current residents, line 40 and to rehabilitate housing that has been significantly damaged or 98 — 3 — SB 417
201
line 1 eliminated by a federally recognized natural disaster. It is the intent line 2 of the Legislature that the specific criteria establishing eligibility line 3 for, and use of, the funds shall be established in statute. line 4 (5)  Two hundred million dollars ($200,000,000), to be line 5 appropriated by the Legislature, to wildfire prevention and line 6 mitigation, wildfire displacement assistance, and acceleration of line 7 construction of affordable housing in rental markets impacted by line 8 wildfires.
line 9 (6)  One billion dollars ($1,000,000,000), to be appropriated by line 10 the Legislature, to provide home ownership opportunities through line 11 the following programs:
line 12 (A)  The CalHome Program established pursuant to Chapter 6 line 13 (commencing with Section 50650) of Part 2.
line 14 (B)  The home purchase assistance program established pursuant line 15 to Chapter 6.8 (commencing with Section 51341) of Part 3. line 16 (7)  Two hundred fifty million dollars ($250,000,000), to be line 17 appropriated by the Legislature, to the Joe Serna, Jr. Farmworker line 18 Housing Grant Program established pursuant to Chapter 3.2 line 19 (commencing with Section 50515.2) of Part 2.
line 20 (8)  Two hundred fifty million dollars ($250,000,000), to be line 21 appropriated by the Legislature, to the Tribal Housing Grant line 22 Program Trust Fund established pursuant to Section 50651.1. line 23 54056. (a)  The Legislature may, from time to time, amend line 24 any law related to programs to which funds are, or have been, line 25 allocated pursuant to this chapter for the purposes of improving line 26 the efficiency and effectiveness of those programs or to further line 27 the goals of those programs.
line 28 (b)  The Legislature may amend this chapter in order to reallocate line 29 the proceeds of bonds issued and sold pursuant to this part among line 30 the programs to which funds are to be allocated pursuant to this line 31 chapter as necessary to effectively promote the development of line 32 affordable housing in this state.
line 33 (c)  The Department of Housing and Community Development line 34 may disburse any funds made available to housing development line 35 projects pursuant to this chapter during the construction period. line 36
line 37 Chapter 3. Fiscal Provisions
line 38
line 39 54060. Bonds in the total amount of ten billion dollars line 40 ($10,000,000,000), exclusive of refunding bonds issued pursuant 98 SB 417 — 4 —
202
line 1 to Section 54076, or so much thereof as is necessary as determined line 2 by the committee, are hereby authorized to be issued and sold for line 3 carrying out the purposes expressed in this part and to reimburse line 4 the General Obligation Bond Expense Revolving Fund pursuant line 5 to Section 16724.5 of the Government Code. All bonds herein line 6 authorized that have been duly issued, sold, and delivered as line 7 provided herein shall constitute valid and binding general line 8 obligations of the state, and the full faith and credit of the state is line 9 hereby pledged for the punctual payment of both principal of, and line 10 interest on, those bonds when due.
line 11 54062. The bonds authorized by this part shall be prepared, line 12 executed, issued, sold, paid, and redeemed as provided in the State line 13 General Obligation Bond Law (Chapter 4 (commencing with line 14 Section 16720) of Part 3 of Division 4 of Title 2 of the Government line 15 Code), except subdivisions (a) and (b) of Section 16727 of the line 16 Government Code, and all of the provisions of that law as amended line 17 from time to time apply to the bonds and to this part, except as line 18 provided in Section 54078, and are hereby incorporated in this line 19 part as though set forth in full in this part.
line 20 54064. (a)  Solely for the purpose of authorizing the issuance line 21 and sale, pursuant to the State General Obligation Bond Law, of line 22 the bonds authorized by this part, the committee is continued in line 23 existence. For the purposes of this part, the Housing Finance line 24 Committee is “the committee” as that term is used in the State line 25 General Obligation Bond Law.
line 26 (b)  For the purposes of the State General Obligation Bond Law, line 27 the Department of Housing and Community Development is line 28 designated the “board” for programs administered by the line 29 department, and the California Housing Finance Agency is the line 30 “board” for programs administered by the agency. line 31 54066. Upon request of the board stating that funds are needed line 32 for purposes of this part, the committee shall determine whether line 33 or not it is necessary or desirable to issue bonds, and, if so, the line 34 amount of bonds to be issued and sold. Successive issues of bonds line 35 may be authorized and sold to carry out those actions progressively, line 36 and are not required to be sold at any one time. Bonds may bear line 37 interest subject to federal income tax.
line 38 54068. There shall be collected annually, in the same manner line 39 and at the same time as other state revenue is collected, a sum of line 40 money in addition to the ordinary revenues of the state, sufficient 98 — 5 — SB 417
203
line 1 to pay the principal of, and interest on, the bonds each year. It is line 2 the duty of all officers charged by law with any duty in regard to line 3 the collections of state revenues to do or perform each and every line 4 act that is necessary to collect that additional sum. line 5 54070. Notwithstanding Section 13340 of the Government line 6 Code, there is hereby continuously appropriated from the General line 7 Fund in the State Treasury, for the purposes of this part, an amount line 8 that will equal the total of both of the following:
line 9 (a)  The sum annually necessary to pay the principal of, and line 10 interest on, bonds issued and sold pursuant to this part, as the line 11 principal and interest become due and payable.
line 12 (b)  The sum that is necessary to carry out Section 54074, line 13 appropriated without regard to fiscal years.
line 14 54072. The board may request the Pooled Money Investment line 15 Board to make a loan from the Pooled Money Investment Account, line 16 in accordance with Section 16312 of the Government Code, for line 17 purposes of this part. The amount of the request shall not exceed line 18 the amount of the unsold bonds that the committee has, by line 19 resolution, authorized to be sold, excluding any refunding bonds line 20 authorized pursuant to Section 54076, for purposes of this part, line 21 less any amount loaned pursuant to this section and not yet repaid line 22 and any amount withdrawn from the General Fund pursuant to line 23 Section 54074 and not yet returned to the General Fund. The board line 24 shall execute any documents as required by the Pooled Money line 25 Investment Board to obtain and repay the loan. Any amount loaned line 26 shall be deposited in the fund to be allocated in accordance with line 27 this part.
line 28 54074. For purposes of carrying out this part, the Director of line 29 Finance may, by executive order, authorize the withdrawal from line 30 the General Fund of an amount or amounts not to exceed the line 31 amount of the unsold bonds that the committee has, by resolution, line 32 authorized to be sold, excluding any refunding bonds authorized line 33 pursuant to Section 54076, for purposes of this part, less any line 34 amount loaned pursuant to Section 54072 and not yet repaid and line 35 any amount withdrawn from the General Fund pursuant to this line 36 section and not yet returned to the General Fund. Any amounts line 37 withdrawn shall be deposited in the fund to be allocated in line 38 accordance with this part. Any moneys made available under this line 39 section shall be returned to the General Fund, plus the interest that line 40 the amounts would have earned in the Pooled Money Investment 98 SB 417 — 6 —
204
line 1 Account, from moneys received from the sale of bonds that would line 2 otherwise be deposited in that fund.
line 3 54076. The bonds may be refunded in accordance with Article line 4 6 (commencing with Section 16780) of Chapter 4 of Part 3 of line 5 Division 4 of Title 2 of the Government Code. Approval by the line 6 electors of this act shall constitute approval of any refunding bonds line 7 issued to refund bonds issued pursuant to this part, including any line 8 prior issued refunding bonds. A bond refunded with the proceeds line 9 of a refunding bond as authorized by this section may be legally line 10 defeased to the extent permitted by law in the manner and to the line 11 extent set forth in the resolution, as amended from time to time, line 12 authorizing that refunded bond.
line 13 54078. Notwithstanding any provisions in the State General line 14 Obligation Bond Law, the maturity date of bonds authorized by line 15 this part shall not be later than 35 years from the date of each bond. line 16 The maturity of each series shall be calculated from the date of line 17 issuance of each bond.
line 18 54080. The Legislature hereby finds and declares that, line 19 inasmuch as the proceeds from the sale of bonds authorized by line 20 this part are not “proceeds of taxes” as that term is used in Article line 21 XIII B of the California Constitution, the disbursement of these line 22 proceeds is not subject to the limitations imposed by that article. line 23 54082. Notwithstanding any provision of the State General line 24 Obligation Bond Law with regard to the proceeds from the sale of line 25 bonds authorized by this part that are subject to investment under line 26 Article 4 (commencing with Section 16470) of Chapter 3 of Part line 27 2 of Division 4 of Title 2 of the Government Code, the Treasurer line 28 may maintain a separate account for investment earnings, may line 29 order the payment of those earnings to comply with any rebate line 30 requirement applicable under federal law, and may otherwise direct line 31 the use and investment of those proceeds so as to maintain the line 32 tax-exempt status of tax-exempt bonds and to obtain any other line 33 advantage under federal law on behalf of the funds of this state. line 34 54084. (a)  Subject to subdivision (b), all moneys derived from line 35 premiums and accrued interest on bonds sold pursuant to this part line 36 shall be transferred to the General Fund as a credit to expenditures line 37 for bond interest.
line 38 (b)  Amounts derived from premiums may be reserved and used line 39 to pay the costs of bond issuance before transfer to the General line 40 Fund.
98 — 7 — SB 417
205
line 1 SEC. 2. Section 1 of this act shall become operative upon the line 2 adoption by the voters of the Affordable Housing Bond Act of line 3 2026.
line 4 SEC. 3. Section 1 of this act shall be submitted to the voters line 5 at the June 2, November 3, 2026, statewide primary general line 6 election, in accordance with provisions of the Government Code line 7 and the Elections Code governing the submission of a statewide line 8 measure to the voters.
line 9 SEC. 4. This act is an urgency statute necessary for the line 10 immediate preservation of the public peace, health, or safety within line 11 the meaning of Article IV of the California Constitution and shall line 12 go into immediate effect. The facts constituting the necessity are:
line 13 In order to maximize the time available for the analysis and line 14 preparation of the proposed issuance of bonds pursuant to this act, line 15 it is necessary that this act take effect immediately.

O
98 SB 417 — 8 —
206

CITY COUNCIL AGENDA REPORT
MEETING DATE: February 18, 2026 ITEM # 10
SUBJECT:

CONSIDERATION OF UPDATES TO THE PUBLICLY AVAILABLE PAY SCHEDULE FOR FISCAL YEAR 2025/26, UPDATES TO BENEFIT SUMMARY, AND RESOLUTION 26-20

APPROVING RELATED BUDGET APPROPRIATIONS
INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [X] Staff
[ ] Other
Amanda Berlin, Assistant City Manager – Administrative
Services
City Manager’s Office
ATTACHMENT [X ] Yes [ ] No [ ] Information [ ] Direction [X] Action

OBJECTIVE
The purpose of this report is to provide sufficient information for the City Council to consider updates to the publicly available pay schedule (Classification Plan) for FY 2025/26, approval of updated Benefit Summary and approval of Resolution 26-20 allocating budget for the proposed changes and updates.

RECOMMENDED ACTION
Staff respectfully recommends that the City Council:

1. Approve the amended and updated publicly available pay schedule (Classification Plan) for Fiscal Year 2025/26;

2. Approve the updated Benefit Summary for the Executive Management Group; and

3. Approve Resolution 26-20 authorizing budget appropriations to fund the changes proposed in the revised Classification Plan.

BACKGROUND
The Publicly Available Pay schedule (Classification Plan) establishes the monthly and annual salary ranges for all regular authorized positions and all extra help positions in the City. CalPERS requires the City bring updated salary ranges (Classification Plan) to the City Council whenever there are changes to the salary ranges or job titles. In addition, Benefit Summaries are created each employee group as a quick reference guide to the salary and benefits available to those employee groups. When such benefits are changed, the Benefit Summaries are updated.

ANALYSIS
Over the last two years, the City has made significant strides in increasing salary and benefits for public safety staff with approval of successor MOUs for POA, PMA, FFA, and BCA. This investment in the rank and file, as well as corresponding salary adjustments to the Deputy Chiefs, however, was not directly reflected in the compensation for the City’s public safety executive leadership, resulting in base salary compaction. In addition, a recent review of regional comparable agency base salaries for Police Chief and Fire Chief also supported a proposed adjustment to the base salaries for the City’s public safety Chiefs. As such, proposed five percent (5%) base salary increases to Police Chief and Fire Chief are reflected in the attached Classification Plan and Benefit Summary for Executive Management.

Environmental Considerations
Not applicable.

Commission Recommendation
Not applicable.

Strategic Plan Integration
These recommendations support the City Council’s Mission to provide Quality Municipal Services and a City government that is financially sound with a superior workforce.

Alternatives
The City Council may choose not to approve or to delay consideration of the proposed Classification Plan changes and Benefit Summary.
207
Consideration of Publicly Available Pay Schedule and Benefit Summary February 18, 2026

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Coordination and Review
This report has been coordinated by the City Manager's Office (Human Resources Division) and the Finance Department.

Budget/Cost Impact
The cost of the 5% salary increases for Police Chief and Fire Chief is $50,012 annually to the General Fund. For FY 2025/26, the cost is prorated to $23,695 for the remainder of the fiscal year.

ATTACHMENTS

1. Amended and updated publicly available pay schedule (Classification Plan) for Fiscal Year 2025/26

2. Executive Management Benefit Summary

3. Resolution 26-20
208
Title Page City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026
City of West Sacramento
Salary Schedule
Fiscal Year 2025 / 2026

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209
Battalion Chief's Association City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE

BARGAINING
UNIT
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM

STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Fire Battalion Chief BCA 11/1/25 $50.3118 $61.1415 $12,209 $14,837 $146,508 $178,044 *Based on 2912 annual hours

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210
City Manager City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION
TITLE

BARGAINING
UNIT
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM

STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I City Manager 7/1/2025 $146.7043 $25,429 $305,145

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211
Confidential City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE EMPLOYEE
GROUP
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Administrative Clerk I CONFID 8/9/25 $24.1442 $29.4173 $4,185 $5,099 $50,220 $61,188 $4,185 $4,290 $4,397 $4,507 $4,620 $4,736 $4,854 $4,975 $5,099 Administrative Clerk II CONFID 8/9/25 $26.5673 $32.3654 $4,605 $5,610 $55,260 $67,320 $4,605 $4,720 $4,838 $4,959 $5,083 $5,210 $5,340 $5,473 $5,610 Administrative Clerk III CONFID 8/9/25 $28.0962 $34.2346 $4,870 $5,934 $58,440 $71,208 $4,870 $4,992 $5,117 $5,245 $5,376 $5,510 $5,648 $5,789 $5,934 Executive Assistant to the City Manager CONFID 8/9/25 $34.4712 $42.0000 $5,975 $7,280 $71,700 $87,360 $5,975 $6,124 $6,277 $6,434 $6,595 $6,760 $6,929 $7,102 $7,280 Human Resources & Payroll Analyst I CONFID 8/9/25 $40.2462 $49.0269 $6,976 $8,498 $83,712 $101,976 $6,976 $7,150 $7,329 $7,512 $7,700 $7,892 $8,089 $8,291 $8,498 Human Resources & Payroll Analyst II CONFID 8/9/25 $47.3481 $57.6865 $8,207 $9,999 $98,484 $119,988 $8,207 $8,412 $8,622 $8,838 $9,059 $9,285 $9,517 $9,755 $9,999 Human Resources & Payroll Technician I CONFID 8/9/25 $29.8442 $36.3635 $5,173 $6,303 $62,076 $75,636 $5,173 $5,302 $5,435 $5,571 $5,710 $5,853 $5,999 $6,149 $6,303 Human Resources & Payroll Technician II CONFID 8/9/25 $34.4712 $42.0000 $5,975 $7,280 $71,700 $87,360 $5,975 $6,124 $6,277 $6,434 $6,595 $6,760 $6,929 $7,102 $7,280

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212
Elected Officials City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE

EMPLOYEE
GROUP
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM

STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I City Council Member ELECTED OFFICIAL 12/14/24 $1,600 $19,200 Mayor ELECTED OFFICIAL 12/14/24 $1,600 $19,200

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213
Executive Management City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE EMPLOYEE
GROUP
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Assistant City Manager - Administrative Services EXECMGM 8/9/25 $103.0846 $125.2791 $17,868 $21,715 $214,416 $260,581 Assistant City Manager - Community Services EXECMGM 8/9/25 $98.1750 $119.3148 $17,017 $20,681 $204,204 $248,175 Deputy City Manager EXECMGM 8/9/25 $84.1500 $102.2698 $14,586 $17,727 $175,032 $212,721 Director of Capital Projects EXECMGM 8/9/25 $84.1500 $102.2698 $14,586 $17,727 $175,032 $212,721 Director of Community Development EXECMGM 8/9/25 $84.1500 $102.2698 $14,586 $17,727 $175,032 $212,721 Director of Economic Development & Housing EXECMGM 8/9/25 $84.1500 $102.2698 $14,586 $17,727 $175,032 $212,721 Director of Finance EXECMGM 8/9/25 $84.1500 $102.2698 $14,586 $17,727 $175,032 $212,721 Director of Parks & Recreation EXECMGM 8/9/25 $84.1500 $102.2698 $14,586 $17,727 $175,032 $212,721 Director of Public Works Operations & Maintenance EXECMGM 8/9/25 $84.1500 $102.2698 $14,586 $17,727 $175,032 $212,721 Fire Chief EXECMGM 2/18/26 $98.1750 $119.3148 $17,017 $20,681 $204,204 $248,175 Police Chief EXECMGM 2/18/26 $102.8538 $124.9964 $17,828 $21,666 $213,936 $259,993 Port General Manager EXECMGM 8/9/25 $74.8038 $90.9065 $12,966 $15,757 $155,592 $189,085

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214
Firefighter's Association City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026
Hired After 1/1/2025

POSITION TITLE BARGAINING
UNIT
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H Fire Captain FFA 7/1/25 $44.1305 $52.4505 $10,709 $12,728 $128,508 $152,736 $10,709 $10,977 $11,251 $11,532 $11,820 $12,115 $12,418 $12,728 Fire Engineer FFA 7/1/25 $38.4396 $45.6882 $9,328 $11,087 $111,936 $133,044 $9,328 $9,561 $9,800 $10,045 $10,296 $10,553 $10,817 $11,087 Firefighter FFA 7/1/25 $35.2212 $41.8681 $8,547 $10,160 $102,564 $121,920 $8,547 $8,761 $8,980 $9,204 $9,434 $9,670 $9,912 $10,160 Hired Prior to 1/1/2025

POSITION TITLE BARGAINING
UNIT
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H Fire Captain FFA 7/1/25 $43.1497 $52.4505 $10,471 $12,728 $125,652 $152,736 $10,471 $10,995 $11,545 $12,122 $12,728 Fire Engineer FFA 7/1/25 $37.5865 $45.6882 $9,121 $11,087 $109,452 $133,044 $9,121 $9,577 $10,056 $10,559 $11,087 Firefighter FFA 7/1/25 $34.4423 $41.8681 $8,358 $10,160 $100,296 $121,920 $8,358 $8,776 $9,215 $9,676 $10,160 *Based on 2912 annual hours

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215
Local 39 City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE BARGAINING
UNIT
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Accounting Technician I LOCAL39 7/1/25 $26.5731 $32.3769 $4,606 $5,612 $55,272 $67,344 $4,606 $4,721 $4,839 $4,960 $5,084 $5,211 $5,341 $5,475 $5,612 Accounting Technician II LOCAL39 7/1/25 $29.8846 $36.4154 $5,180 $6,312 $62,160 $75,744 $5,180 $5,310 $5,443 $5,579 $5,718 $5,861 $6,008 $6,158 $6,312 Accounting Technician III LOCAL39 7/1/25 $32.1231 $39.1385 $5,568 $6,784 $66,816 $81,408 $5,568 $5,707 $5,850 $5,996 $6,146 $6,300 $6,458 $6,619 $6,784 Chief Facilities Maintenance Worker LOCAL39 7/1/25 $39.5654 $48.2077 $6,858 $8,356 $82,296 $100,272 $6,858 $7,029 $7,205 $7,385 $7,570 $7,759 $7,953 $8,152 $8,356 Chief Maintenance Worker LOCAL39 7/1/25 $34.0038 $41.3308 $5,894 $7,164 $70,728 $85,968 $5,894 $6,189 $6,498 $6,823 $7,164 Chief Maintenance Worker (Possess a D3
and/or hired after 7/1/19) LOCAL39 7/1/25 $34.4135 $41.9365 $5,965 $7,269 $71,580 $87,228 $5,965 $6,114 $6,267 $6,424 $6,585 $6,750 $6,919 $7,092 $7,269 Chief Parks & Grounds Worker LOCAL39 7/1/25 $32.1231 $39.1385 $5,568 $6,784 $66,816 $81,408 $5,568 $5,707 $5,850 $5,996 $6,146 $6,300 $6,458 $6,619 $6,784 Chief Treatment Plant Mechanic LOCAL39 7/1/25 $43.7827 $53.3423 $7,589 $9,246 $91,068 $110,952 $7,589 $7,779 $7,973 $8,172 $8,376 $8,585 $8,800 $9,020 $9,246 Clerk LOCAL39 7/1/25 $22.0212 $26.8269 $3,817 $4,650 $45,804 $55,800 $3,817 $3,912 $4,010 $4,110 $4,213 $4,318 $4,426 $4,537 $4,650 Clerk, Senior LOCAL39 7/1/25 $23.9423 $29.1692 $4,150 $5,056 $49,800 $60,672 $4,150 $4,254 $4,360 $4,469 $4,581 $4,696 $4,813 $4,933 $5,056 Electrical Technician LOCAL39 7/1/25 $41.0654 $50.0250 $7,118 $8,671 $85,416 $104,052 $7,118 $7,296 $7,478 $7,665 $7,857 $8,053 $8,254 $8,460 $8,671 Engineering Technician I LOCAL39 7/1/25 $30.1558 $36.7442 $5,227 $6,369 $62,724 $76,428 $5,227 $5,358 $5,492 $5,629 $5,770 $5,914 $6,062 $6,214 $6,369 Engineering Technician II LOCAL39 7/1/25 $33.8308 $41.2212 $5,864 $7,145 $70,368 $85,740 $5,864 $6,011 $6,161 $6,315 $6,473 $6,635 $6,801 $6,971 $7,145 Engineering Technician III LOCAL39 7/1/25 $39.0981 $47.6308 $6,777 $8,256 $81,324 $99,072 $6,777 $6,946 $7,120 $7,298 $7,480 $7,667 $7,859 $8,055 $8,256 Engineering/GIS Technician LOCAL39 7/1/25 $41.0538 $50.0135 $7,116 $8,669 $85,392 $104,028 $7,116 $7,294 $7,476 $7,663 $7,855 $8,051 $8,252 $8,458 $8,669 Equipment Mechanic I LOCAL39 7/1/25 $27.6865 $33.7327 $4,799 $5,847 $57,588 $70,164 $4,799 $4,919 $5,042 $5,168 $5,297 $5,429 $5,565 $5,704 $5,847 Equipment Mechanic II LOCAL39 7/1/25 $29.7750 $36.2769 $5,161 $6,288 $61,932 $75,456 $5,161 $5,290 $5,422 $5,558 $5,697 $5,839 $5,985 $6,135 $6,288 Facilities Maintenance Aide LOCAL39 7/1/25 $20.1808 $24.5885 $3,498 $4,262 $41,976 $51,144 $3,498 $3,585 $3,675 $3,767 $3,861 $3,958 $4,057 $4,158 $4,262 Facilities Maintenance Worker LOCAL39 7/1/25 $31.1365 $37.9327 $5,397 $6,575 $64,764 $78,900 $5,397 $5,532 $5,670 $5,812 $5,957 $6,106 $6,259 $6,415 $6,575 Facilities Maintenance Worker, Senior LOCAL39 7/1/25 $34.2692 $41.7519 $5,940 $7,237 $71,280 $86,844 $5,940 $6,088 $6,240 $6,396 $6,556 $6,720 $6,888 $7,060 $7,237 Groundskeeper LOCAL39 7/1/25 $21.2538 $25.8923 $3,684 $4,488 $44,208 $53,856 $3,684 $3,776 $3,870 $3,967 $4,066 $4,168 $4,272 $4,379 $4,488 Instrumentation Technician LOCAL39 7/1/25 $45.5308 $55.4654 $7,892 $9,614 $94,704 $115,368 $7,892 $8,089 $8,291 $8,498 $8,710 $8,928 $9,151 $9,380 $9,614 Maintenance Worker LOCAL39 7/1/25 $27.3519 $33.3404 $4,741 $5,779 $56,892 $69,348 $4,741 $4,860 $4,982 $5,107 $5,235 $5,366 $5,500 $5,638 $5,779 Maintenance Worker, Senior LOCAL39 7/1/25 $30.2365 $36.8423 $5,241 $6,386 $62,892 $76,632 $5,241 $5,372 $5,506 $5,644 $5,785 $5,930 $6,078 $6,230 $6,386 Parks & Grounds Worker LOCAL39 7/1/25 $26.0423 $31.7423 $4,514 $5,502 $54,168 $66,024 $4,514 $4,627 $4,743 $4,862 $4,984 $5,109 $5,237 $5,368 $5,502 Parks & Grounds Worker, Senior LOCAL39 7/1/25 $28.4827 $34.7019 $4,937 $6,015 $59,244 $72,180 $4,937 $5,060 $5,186 $5,316 $5,449 $5,585 $5,725 $5,868 $6,015 Permit Technician I LOCAL39 7/1/25 $29.8788 $36.3981 $5,179 $6,309 $62,148 $75,708 $5,179 $5,308 $5,441 $5,577 $5,716 $5,859 $6,005 $6,155 $6,309 Permit Technician II LOCAL39 7/1/25 $32.1231 $39.1385 $5,568 $6,784 $66,816 $81,408 $5,568 $5,707 $5,850 $5,996 $6,146 $6,300 $6,458 $6,619 $6,784 Planning Technician LOCAL39 7/1/25 $29.8904 $36.4212 $5,181 $6,313 $62,172 $75,756 $5,181 $5,311 $5,444 $5,580 $5,719 $5,862 $6,009 $6,159 $6,313 Recreation Coordinator LOCAL39 7/1/25 $26.5846 $32.3885 $4,608 $5,614 $55,296 $67,368 $4,608 $4,723 $4,841 $4,962 $5,086 $5,213 $5,343 $5,477 $5,614 Recreation Supervisor I LOCAL39 7/1/25 $33.2077 $40.4654 $5,756 $7,014 $69,072 $84,168 $5,756 $5,900 $6,048 $6,199 $6,354 $6,513 $6,676 $6,843 $7,014 Recreation Supervisor II LOCAL39 7/1/25 $36.9115 $44.9769 $6,398 $7,796 $76,776 $93,552 $6,398 $6,558 $6,722 $6,890 $7,062 $7,239 $7,420 $7,606 $7,796 Secretary LOCAL39 7/1/25 $29.7404 $36.2308 $5,155 $6,280 $61,860 $75,360 $5,155 $5,284 $5,416 $5,551 $5,690 $5,832 $5,978 $6,127 $6,280 Senior Water Treatment Plant Operator LOCAL39 7/1/25 $46.8981 $57.1442 $8,129 $9,905 $97,548 $118,860 $8,129 $8,332 $8,540 $8,754 $8,973 $9,197 $9,427 $9,663 $9,905 Special Events Supervisor I LOCAL39 7/1/25 $33.2077 $40.4654 $5,756 $7,014 $69,072 $84,168 $5,756 $5,900 $6,048 $6,199 $6,354 $6,513 $6,676 $6,843 $7,014 Special Events Supervisor II LOCAL39 7/1/25 $36.9115 $44.9769 $6,398 $7,796 $76,776 $93,552 $6,398 $6,558 $6,722 $6,890 $7,062 $7,239 $7,420 $7,606 $7,796 Stationary Engineer LOCAL39 7/1/25 $37.6904 $45.9173 $6,533 $7,959 $78,396 $95,508 $6,533 $6,696 $6,863 $7,035 $7,211 $7,391 $7,576 $7,765 $7,959 Treatment Plant Mechanic I LOCAL39 7/1/25 $35.5385 $43.3038 $6,160 $7,506 $73,920 $90,072 $6,160 $6,314 $6,472 $6,634 $6,800 $6,970 $7,144 $7,323 $7,506 Treatment Plant Mechanic II LOCAL39 7/1/25 $39.0981 $47.6308 $6,777 $8,256 $81,324 $99,072 $6,777 $6,946 $7,120 $7,298 $7,480 $7,667 $7,859 $8,055 $8,256 Water Meter Technician LOCAL39 7/1/25 $27.6865 $33.7327 $4,799 $5,847 $57,588 $70,164 $4,799 $4,919 $5,042 $5,168 $5,297 $5,429 $5,565 $5,704 $5,847 Water Treatment Plant Operator II LOCAL39 7/1/25 $34.6038 $42.1731 $5,998 $7,310 $71,976 $87,720 $5,998 $6,148 $6,302 $6,460 $6,622 $6,788 $6,958 $7,132 $7,310 Water Treatment Plant Operator III LOCAL39 7/1/25 $38.2500 $46.6038 $6,630 $8,078 $79,560 $96,936 $6,630 $6,796 $6,966 $7,140 $7,318 $7,501 $7,689 $7,881 $8,078

POSITION TITLE BARGAINING
UNIT
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Accounting Technician III LOCAL39 7/1/25 $32.1981 $39.1385 $5,581 $6,784 $66,972 $81,408 $5,581 $5,860 $6,153 $6,461 $6,784

SALARY SCHEDULE B

SALARY SCHEDULE A

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216
Management City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE EMPLOYEE
GROUP
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Business Manager MGMT 8/9/25 $58.2577 $70.8000 $10,098 $12,272 $121,176 $147,264 Capital Improvement Manager MGMT 8/9/25 $64.6962 $78.6231 $11,214 $13,628 $134,568 $163,536 Chief Building Official MGMT 8/9/25 $64.6962 $78.6231 $11,214 $13,628 $134,568 $163,536 City Clerk MGMT 8/9/25 $67.7769 $82.3673 $11,748 $14,277 $140,976 $171,324 Code Enforcement Manager MGMT 8/9/25 $58.2577 $70.8000 $10,098 $12,272 $121,176 $147,264 Community Investment Manager MGMT 8/9/25 $62.7173 $76.2231 $10,871 $13,212 $130,452 $158,544 Community Investment Principal Planner MGMT 8/9/25 $60.9750 $74.1058 $10,569 $12,845 $126,828 $154,140 Community Investment Senior Planner MGMT 8/9/25 $52.8519 $64.2288 $9,161 $11,133 $109,932 $133,596 Construction & Facilities Development Manager MGMT 8/9/25 $64.6962 $78.6231 $11,214 $13,628 $134,568 $163,536 Construction Inspection Manager MGMT 8/9/25 $52.8462 $64.2231 $9,160 $11,132 $109,920 $133,584 Court Liaison Officer MGMT 8/9/25 $40.2865 $48.9577 $6,983 $8,486 $83,796 $101,832 Data Services Manager MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Development Services Manager MGMT 8/9/25 $64.6962 $78.6231 $11,214 $13,628 $134,568 $163,536 Economic Development Manager MGMT 8/9/25 $62.7173 $76.2231 $10,871 $13,212 $130,452 $158,544 Equipment and Facilities Superintendent MGMT 8/9/25 $58.2519 $70.7942 $10,097 $12,271 $121,164 $147,252 Facilities Supervisor MGMT 1/21/26 $52.8462 $64.2231 $9,160 $11,132 $109,920 $133,584 Finance Manager MGMT 8/9/25 $67.7769 $82.3673 $11,748 $14,277 $140,976 $171,324 Finance Supervisor MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Fire Marshal MGMT 8/9/25 $64.6904 $78.6173 $11,213 $13,627 $134,556 $163,524 Flood Protection Manager MGMT 8/9/25 $67.2058 $81.6750 $11,649 $14,157 $139,788 $169,884 Flood Protection Planner MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Geographical Information Systems Supervisor MGMT 8/9/25 $52.8462 $64.2231 $9,160 $11,132 $109,920 $133,584 Home Run Manager MGMT 8/9/25 $64.6962 $78.6231 $11,214 $13,628 $134,568 $163,536 Housing Manager MGMT 8/9/25 $62.7173 $76.2231 $10,871 $13,212 $130,452 $158,544 Human Resources Manager MGMT 8/9/25 $67.7769 $82.3673 $11,748 $14,277 $140,976 $171,324 Human Resources Supervisor MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Information Technology Business Services Manager MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Information Technology Manager MGMT 8/9/25 $67.7769 $82.3673 $11,748 $14,277 $140,976 $171,324 Park Planning & Development Manager MGMT 8/9/25 $58.2577 $70.8000 $10,098 $12,272 $121,176 $147,264 Parking Manager MGMT 8/9/25 $62.7173 $76.2231 $10,871 $13,212 $130,452 $158,544 Parks Facility Maintenance Supervisor MGMT 8/9/25 $52.8462 $64.2231 $9,160 $11,132 $109,920 $133,584 Parks Operations Superintendent MGMT 8/9/25 $58.2519 $70.7942 $10,097 $12,271 $121,164 $147,252 Permit Services Manager MGMT 8/9/25 $52.8462 $64.2231 $9,160 $11,132 $109,920 $133,584 Planning Manager MGMT 8/9/25 $64.6962 $78.6231 $11,214 $13,628 $134,568 $163,536 Police Records & Property Manager MGMT 8/9/25 $52.8462 $64.2231 $9,160 $11,132 $109,920 $133,584 Police Support Services Manager MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Preschool Site Supervisor MGMT 8/9/25 $34.5577 $42.0000 $5,990 $7,280 $71,880 $87,360 Principal Engineer MGMT 8/9/25 $67.2058 $81.6750 $11,649 $14,157 $139,788 $169,884 Program Manager MGMT 8/9/25 $44.5962 $54.1962 $7,730 $9,394 $92,760 $112,728 Public Information Officer MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Purchasing Manager MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Recreation Manager MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Road Maintenance Supervisor MGMT 8/9/25 $52.8462 $64.2231 $9,160 $11,132 $109,920 $133,584 Senior Analyst MGMT 8/9/25 $50.7231 $61.6442 $8,792 $10,685 $105,504 $128,220 Senior Engineer MGMT 8/9/25 $60.9750 $74.1000 $10,569 $12,844 $126,828 $154,128 Senior Finance Analyst MGMT 8/9/25 $52.8519 $64.2288 $9,161 $11,133 $109,932 $133,596 Senior Planner MGMT 8/9/25 $52.8519 $64.2288 $9,161 $11,133 $109,932 $133,596 Senior Program Manager MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Senior Project Manager MGMT 8/9/25 $52.8462 $64.2231 $9,160 $11,132 $109,920 $133,584 Senior Transportation Planner MGMT 8/9/25 $52.8519 $64.2288 $9,161 $11,133 $109,932 $133,596 Supervising Transportation Planner MGMT 8/9/25 $58.2577 $70.8000 $10,098 $12,272 $121,176 $147,264 Sustainability Manager MGMT 8/9/25 $58.2577 $70.8000 $10,098 $12,272 $121,176 $147,264 Technical Services Manager MGMT 8/9/25 $55.3558 $67.2750 $9,595 $11,661 $115,140 $139,932 Utilities Maintenance Superintendent MGMT 8/9/25 $58.2519 $70.7942 $10,097 $12,271 $121,164 $147,252 Water Treatment Plant Superintendent MGMT 8/9/25 $60.9750 $74.1058 $10,569 $12,845 $126,828 $154,140

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217
Police Officer's Association City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE BARGAINING
UNIT
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Code Enforcement Officer I POA 1/1/26 $30.5423 $37.2115 $5,294 $6,450 $63,528 $77,400 $5,294 $5,426 $5,562 $5,701 $5,844 $5,990 $6,140 $6,293 $6,450 Code Enforcement Officer II POA 1/1/26 $33.7500 $41.1231 $5,850 $7,128 $70,200 $85,536 $5,850 $5,996 $6,146 $6,300 $6,458 $6,619 $6,784 $6,954 $7,128 Code Enforcement Officer, Senior POA 1/1/26 $37.2808 $45.4269 $6,462 $7,874 $77,544 $94,488 $6,462 $6,624 $6,790 $6,960 $7,134 $7,312 $7,495 $7,682 $7,874 Community Services Officer I POA 1/1/26 $25.1250 $30.6058 $4,355 $5,305 $52,260 $63,660 $4,355 $4,464 $4,576 $4,690 $4,807 $4,927 $5,050 $5,176 $5,305 Community Services Officer II POA 1/1/26 $28.1365 $34.2808 $4,877 $5,942 $58,524 $71,304 $4,877 $4,999 $5,124 $5,252 $5,383 $5,518 $5,656 $5,797 $5,942 Community Services Officer, Senior POA 1/1/26 $31.5115 $38.3942 $5,462 $6,655 $65,544 $79,860 $5,462 $5,599 $5,739 $5,882 $6,029 $6,180 $6,335 $6,493 $6,655 Crime Analyst I POA 1/1/26 $36.0346 $43.9038 $6,246 $7,610 $74,952 $91,320 $6,246 $6,402 $6,562 $6,726 $6,894 $7,066 $7,243 $7,424 $7,610 Crime Analyst II POA 1/1/26 $40.9442 $49.8865 $7,097 $8,647 $85,164 $103,764 $7,097 $7,274 $7,456 $7,642 $7,833 $8,029 $8,230 $8,436 $8,647 Crime Analyst, Senior POA 1/1/26 $45.7846 $55.7769 $7,936 $9,668 $95,232 $116,016 $7,936 $8,134 $8,337 $8,545 $8,759 $8,978 $9,202 $9,432 $9,668 Crime Scene Investigator I POA 1/1/26 $31.3500 $38.1981 $5,434 $6,621 $65,208 $79,452 $5,434 $5,570 $5,709 $5,852 $5,998 $6,148 $6,302 $6,460 $6,621 Crime Scene Investigator II POA 1/1/26 $34.8462 $42.4673 $6,040 $7,361 $72,480 $88,332 $6,040 $6,191 $6,346 $6,505 $6,668 $6,835 $7,006 $7,181 $7,361 Crime Scene Investigator III POA 1/1/26 $38.1115 $46.4308 $6,606 $8,048 $79,272 $96,576 $6,606 $6,771 $6,940 $7,113 $7,291 $7,473 $7,660 $7,852 $8,048 Police Officer POA 1/1/26 $49.2808 $58.5865 $8,542 $10,155 $102,504 $121,860 $8,542 $8,756 $8,975 $9,199 $9,429 $9,665 $9,907 $10,155 Police Records Technician I POA 1/1/26 $23.8615 $29.0712 $4,136 $5,039 $49,632 $60,468 $4,136 $4,239 $4,345 $4,454 $4,565 $4,679 $4,796 $4,916 $5,039 Police Records Technician II POA 1/1/26 $26.2904 $32.0365 $4,557 $5,553 $54,684 $66,636 $4,557 $4,671 $4,788 $4,908 $5,031 $5,157 $5,286 $5,418 $5,553 Police Records Technician, Senior POA 1/1/26 $28.9327 $35.2442 $5,015 $6,109 $60,180 $73,308 $5,015 $5,140 $5,268 $5,400 $5,535 $5,673 $5,815 $5,960 $6,109 Police Sergeant POA 1/1/26 $60.8654 $72.3462 $10,550 $12,540 $126,600 $150,480 $10,550 $10,814 $11,084 $11,361 $11,645 $11,936 $12,234 $12,540 Police Services Coordinator POA 1/1/26 $31.5173 $38.4058 $5,463 $6,657 $65,556 $79,884 $5,463 $5,600 $5,740 $5,884 $6,031 $6,182 $6,337 $6,495 $6,657 Property & Evidence Technician I POA 1/1/26 $28.0673 $34.2058 $4,865 $5,929 $58,380 $71,148 $4,865 $4,987 $5,112 $5,240 $5,371 $5,505 $5,643 $5,784 $5,929 Property & Evidence Technician II POA 1/1/26 $30.8885 $37.6327 $5,354 $6,523 $64,248 $78,276 $5,354 $5,488 $5,625 $5,766 $5,910 $6,058 $6,209 $6,364 $6,523 Youth Counselor POA 1/1/26 $36.9346 $45.0000 $6,402 $7,800 $76,824 $93,600 $6,402 $6,562 $6,726 $6,894 $7,066 $7,243 $7,424 $7,610 $7,800

Page 10 of 15 ends

218
Police Manager's City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE BARGAINING
UNIT
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM

STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Police Lieutenant POLMGT 1/1/26 $77.7692 $94.7538 $13,480 $16,424 $161,760 $197,088 $13,480 $13,817 $14,162 $14,516 $14,879 $15,251 $15,632 $16,023 $16,424

POSITION TITLE BARGAINING
UNIT
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM

STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Police Lieutenant POLMGT 1/1/26 $77.9654 $94.7538 $13,514 $16,424 $162,168 $197,088

SALARY SCHEDULE A

SALARY SCHEDULE B

Page 11 of 15 ends

219
Recruit City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE EMPLOYEE
GROUP
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM

STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Fire Recruit RECRUIT 7/1/25 $39.4500 $6,838 $82,056
Police Recruit RECRUIT 1/1/26 $39.4212 $6,833 $81,996

Page 12 of 15 ends

220
Safety Management City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE EMPLOYEE
GROUP
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM

STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Deputy Fire Chief SAFEMGT 8/9/25 $82.2000 $99.9000 $14,248 $17,316 $170,976 $207,792 Deputy Police Chief SAFEMGT 8/9/25 $86.1115 $104.6538 $14,926 $18,140 $179,112 $217,680

Page 13 of 15 ends

221
Specialist & Professionals City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026

POSITION TITLE EMPLOYEE
GROUP
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Accountant I SPECPROF 8/9/25 $36.6173 $44.6250 $6,347 $7,735 $76,164 $92,820 $6,347 $6,506 $6,669 $6,836 $7,007 $7,182 $7,362 $7,546 $7,735 Accountant II SPECPROF 8/9/25 $42.8192 $52.1769 $7,422 $9,044 $89,064 $108,528 $7,422 $7,608 $7,798 $7,993 $8,193 $8,398 $8,608 $8,823 $9,044 Administrative Analyst I SPECPROF 8/9/25 $36.5885 $44.5904 $6,342 $7,729 $76,104 $92,748 $6,342 $6,501 $6,664 $6,831 $7,002 $7,177 $7,356 $7,540 $7,729 Administrative Analyst II SPECPROF 8/9/25 $44.4750 $54.1962 $7,709 $9,394 $92,508 $112,728 $7,709 $7,902 $8,100 $8,302 $8,510 $8,723 $8,941 $9,165 $9,394 Assistant Community Investment Planner SPECPROF 8/9/25 $36.5885 $44.5904 $6,342 $7,729 $76,104 $92,748 $6,342 $6,501 $6,664 $6,831 $7,002 $7,177 $7,356 $7,540 $7,729 Assistant Engineer SPECPROF 8/9/25 $44.4346 $54.1385 $7,702 $9,384 $92,424 $112,608 $7,702 $7,895 $8,092 $8,294 $8,501 $8,714 $8,932 $9,155 $9,384 Assistant Planner SPECPROF 8/9/25 $36.5885 $44.5904 $6,342 $7,729 $76,104 $92,748 $6,342 $6,501 $6,664 $6,831 $7,002 $7,177 $7,356 $7,540 $7,729 Assistant Transportation Planner SPECPROF 8/9/25 $36.5885 $44.5904 $6,342 $7,729 $76,104 $92,748 $6,342 $6,501 $6,664 $6,831 $7,002 $7,177 $7,356 $7,540 $7,729 Associate Community Investment Planner SPECPROF 8/9/25 $42.8250 $52.1827 $7,423 $9,045 $89,076 $108,540 $7,423 $7,609 $7,799 $7,994 $8,194 $8,399 $8,609 $8,824 $9,045 Associate Engineer SPECPROF 8/9/25 $52.7192 $64.2288 $9,138 $11,133 $109,656 $133,596 $9,138 $9,366 $9,600 $9,840 $10,086 $10,338 $10,596 $10,861 $11,133 Associate Planner SPECPROF 8/9/25 $42.8250 $52.1827 $7,423 $9,045 $89,076 $108,540 $7,423 $7,609 $7,799 $7,994 $8,194 $8,399 $8,609 $8,824 $9,045 Associate Transportation Planner SPECPROF 8/9/25 $42.8250 $52.1827 $7,423 $9,045 $89,076 $108,540 $7,423 $7,609 $7,799 $7,994 $8,194 $8,399 $8,609 $8,824 $9,045 Building Inspector I SPECPROF 8/9/25 $37.7192 $45.9577 $6,538 $7,966 $78,456 $95,592 $6,538 $6,701 $6,869 $7,041 $7,217 $7,397 $7,582 $7,772 $7,966 Building Inspector II SPECPROF 8/9/25 $42.8192 $52.1769 $7,422 $9,044 $89,064 $108,528 $7,422 $7,608 $7,798 $7,993 $8,193 $8,398 $8,608 $8,823 $9,044 CALEA Coordinator SPECPROF 8/9/25 $44.4750 $54.1962 $7,709 $9,394 $92,508 $112,728 $7,709 $7,902 $8,100 $8,302 $8,510 $8,723 $8,941 $9,165 $9,394 Construction Administrative Specialist SPECPROF 8/9/25 $32.4519 $39.5365 $5,625 $6,853 $67,500 $82,236 $5,625 $5,766 $5,910 $6,058 $6,209 $6,364 $6,523 $6,686 $6,853 Construction Inspector I SPECPROF 8/9/25 $37.7192 $45.9577 $6,538 $7,966 $78,456 $95,592 $6,538 $6,701 $6,869 $7,041 $7,217 $7,397 $7,582 $7,772 $7,966 Construction Inspector II SPECPROF 8/9/25 $42.8192 $52.1769 $7,422 $9,044 $89,064 $108,528 $7,422 $7,608 $7,798 $7,993 $8,193 $8,398 $8,608 $8,823 $9,044 Construction Inspector III SPECPROF 8/9/25 $47.3942 $57.7442 $8,215 $10,009 $98,580 $120,108 $8,215 $8,420 $8,631 $8,847 $9,068 $9,295 $9,527 $9,765 $10,009 Court Liaison Specialist SPECPROF 8/9/25 $27.5423 $33.5538 $4,774 $5,816 $57,288 $69,792 $4,774 $4,893 $5,015 $5,140 $5,269 $5,401 $5,536 $5,674 $5,816 Deputy City Clerk SPECPROF 8/9/25 $32.4519 $39.5365 $5,625 $6,853 $67,500 $82,236 $5,625 $5,766 $5,910 $6,058 $6,209 $6,364 $6,523 $6,686 $6,853 Engineering Assistant I SPECPROF 8/9/25 $37.7192 $45.9577 $6,538 $7,966 $78,456 $95,592 $6,538 $6,701 $6,869 $7,041 $7,217 $7,397 $7,582 $7,772 $7,966 Engineering Assistant II SPECPROF 8/9/25 $42.8192 $52.1769 $7,422 $9,044 $89,064 $108,528 $7,422 $7,608 $7,798 $7,993 $8,193 $8,398 $8,608 $8,823 $9,044 Engineering Assistant III SPECPROF 8/9/25 $47.3942 $57.7442 $8,215 $10,009 $98,580 $120,108 $8,215 $8,420 $8,631 $8,847 $9,068 $9,295 $9,527 $9,765 $10,009 Finance Analyst SPECPROF 8/9/25 $47.3481 $57.6865 $8,207 $9,999 $98,484 $119,988 $8,207 $8,412 $8,622 $8,838 $9,059 $9,285 $9,517 $9,755 $9,999 Financial Specialist SPECPROF 8/9/25 $32.4519 $39.5365 $5,625 $6,853 $67,500 $82,236 $5,625 $5,766 $5,910 $6,058 $6,209 $6,364 $6,523 $6,686 $6,853 Fire Inspector SPECPROF 8/9/25 $37.6788 $45.9058 $6,531 $7,957 $78,372 $95,484 $6,531 $6,694 $6,861 $7,033 $7,209 $7,389 $7,574 $7,763 $7,957 Information Technology Specialist I SPECPROF 8/9/25 $39.5827 $48.2308 $6,861 $8,360 $82,332 $100,320 $6,861 $7,033 $7,209 $7,389 $7,574 $7,763 $7,957 $8,156 $8,360 Information Technology Specialist II SPECPROF 8/9/25 $44.4750 $54.1962 $7,709 $9,394 $92,508 $112,728 $7,709 $7,902 $8,100 $8,302 $8,510 $8,723 $8,941 $9,165 $9,394 Landscape Inspector SPECPROF 8/9/25 $37.6788 $45.9058 $6,531 $7,957 $78,372 $95,484 $6,531 $6,694 $6,861 $7,033 $7,209 $7,389 $7,574 $7,763 $7,957 Plans Examiner I SPECPROF 8/9/25 $37.7192 $45.9577 $6,538 $7,966 $78,456 $95,592 $6,538 $6,701 $6,869 $7,041 $7,217 $7,397 $7,582 $7,772 $7,966 Plans Examiner II SPECPROF 8/9/25 $42.8192 $52.1769 $7,422 $9,044 $89,064 $108,528 $7,422 $7,608 $7,798 $7,993 $8,193 $8,398 $8,608 $8,823 $9,044 Police Records Supervisor SPECPROF 8/9/25 $37.7019 $45.9288 $6,535 $7,961 $78,420 $95,532 $6,535 $6,698 $6,865 $7,037 $7,213 $7,393 $7,578 $7,767 $7,961 Preschool Teacher SPECPROF 8/9/25 $20.8962 $25.4654 $3,622 $4,414 $43,464 $52,968 $3,622 $3,713 $3,806 $3,901 $3,999 $4,099 $4,201 $4,306 $4,414 Program Technician I SPECPROF 8/9/25 $28.0962 $34.2346 $4,870 $5,934 $58,440 $71,208 $4,870 $4,992 $5,117 $5,245 $5,376 $5,510 $5,648 $5,789 $5,934 Program Technician II SPECPROF 8/9/25 $32.4519 $39.5365 $5,625 $6,853 $67,500 $82,236 $5,625 $5,766 $5,910 $6,058 $6,209 $6,364 $6,523 $6,686 $6,853 Project Manager I SPECPROF 8/9/25 $42.8250 $52.1827 $7,423 $9,045 $89,076 $108,540 $7,423 $7,609 $7,799 $7,994 $8,194 $8,399 $8,609 $8,824 $9,045 Project Manager II SPECPROF 8/9/25 $47.3481 $57.6865 $8,207 $9,999 $98,484 $119,988 $8,207 $8,412 $8,622 $8,838 $9,059 $9,285 $9,517 $9,755 $9,999 Senior Accountant SPECPROF 8/9/25 $47.3942 $57.7442 $8,215 $10,009 $98,580 $120,108 $8,215 $8,420 $8,631 $8,847 $9,068 $9,295 $9,527 $9,765 $10,009 Senior Building Inspector SPECPROF 8/9/25 $47.3942 $57.7442 $8,215 $10,009 $98,580 $120,108 $8,215 $8,420 $8,631 $8,847 $9,068 $9,295 $9,527 $9,765 $10,009 Senior Deputy City Clerk SPECPROF 8/9/25 $36.5769 $44.5615 $6,340 $7,724 $76,080 $92,688 $6,340 $6,498 $6,660 $6,827 $6,998 $7,173 $7,352 $7,536 $7,724 Senior Fire Inspector SPECPROF 8/9/25 $42.8192 $52.1769 $7,422 $9,044 $89,064 $108,528 $7,422 $7,608 $7,798 $7,993 $8,193 $8,398 $8,608 $8,823 $9,044 Senior Landscape Inspector SPECPROF 8/9/25 $42.8192 $52.1769 $7,422 $9,044 $89,064 $108,528 $7,422 $7,608 $7,798 $7,993 $8,193 $8,398 $8,608 $8,823 $9,044 Senior Plans Examiner SPECPROF 8/9/25 $47.3942 $57.7442 $8,215 $10,009 $98,580 $120,108 $8,215 $8,420 $8,631 $8,847 $9,068 $9,295 $9,527 $9,765 $10,009 Technical Support Specialist I SPECPROF 8/9/25 $28.0904 $34.2288 $4,869 $5,933 $58,428 $71,196 $4,869 $4,991 $5,116 $5,244 $5,375 $5,509 $5,647 $5,788 $5,933 Technical Support Specialist II SPECPROF 8/9/25 $32.4519 $39.5365 $5,625 $6,853 $67,500 $82,236 $5,625 $5,766 $5,910 $6,058 $6,209 $6,364 $6,523 $6,686 $6,853 Technical Support Specialist III SPECPROF 8/9/25 $37.7019 $45.9288 $6,535 $7,961 $78,420 $95,532 $6,535 $6,698 $6,865 $7,037 $7,213 $7,393 $7,578 $7,767 $7,961

POSITION TITLE EMPLOYEE
GROUP
SALARY

EFFECTIVE
HOURLY

MINIMUM
HOURLY

MAXIMUM

MONTHLY

MINIMUM

MONTHLY

MAXIMUM
ANNUAL

MINIMUM
ANNUAL

MAXIMUM STEP A STEP B STEP C STEP D STEP E STEP F STEP G STEP H STEP I Administrative Analyst II SPECPROF 8/9/25 $44.5904 $54.1962 $7,729 $9,394 $92,748 $112,728 $7,729 $8,115 $8,521 $8,947 $9,394

SALARY SCHEDULE B

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Extra Help City of West Sacramento
2025/2026 Classification Plan
Approved: 02/18/2026
POSITION TITLE SALARY EFFECTIVE Minimum Hourly Maximum Hourly Assistant Pool Manager 1/1/2026 $18.75 $19.50
Emergency Services Coordinator 2/22/2025 $55.00 $55.00
Extra Help/Special Events Officer 1/1/2026 $58.59 $58.59 Laborer 1/1/2026 $17.00 $20.00
Lead Program Leader 1/1/2026 $23.50 $26.00
Lead Recreation Leader 1/1/2026 $19.25 $20.25
Lifeguard/Swim Instructor 1/1/2026 $17.25 $18.75
Pool Manager 1/1/2026 $19.50 $20.50
Program Aide 1/1/2026 $17.00 $19.00
Program Assistant 1/1/2026 $17.00 $22.00
Program Leader 1/1/2026 $19.00 $21.50
Program Site Leader 1/1/2026 $21.50 $24.00
Recreation Aide 1/1/2026 $17.00 $17.00
Recreation Assistant 1/1/2026 $20.25 $22.00
Recreation Leader 1/1/2026 $17.00 $18.50
Retired Annuitant 1/1/2026 $17.00 $86.00
Senior Recreation Leader 1/1/2026 $18.50 $19.25
Senior Traffic Operations Officer 1/1/2026 $23.25 $26.00 Student Intern 1/1/2026 $17.00 $22.00
Substitute Preschool Teacher 1/1/2026 $17.00 $19.25
Traffic Operations Officer 1/1/2026 $20.50 $23.25
Salary increases at $0.25 increments with a maximum of $1.00.

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223
City of West Sacramento
Benefits Summary

EXECUTIVE MANAGEMENT
Revised: 8/6/20252/18/2026
Auto Allowance: Police and Fire Chiefs have the option of a city vehicle or a car allowance of $500 per month.

Bereavement and
Reproductive Loss
Leave:

See Personnel Rules.

Bilingual Pay: Effective July 1, 2020, employees possessing and utilizing bilingual skills on duty shall receive an additional 5% of their hourly rate of pay. The number of individuals to receive this pay, the languages eligible, and the qualification requirements will be determined by the City.

Career Enhancement
& Wellness:

The City will reimburse up to one thousand dollars ($1000) per fiscal year to all eligible employees (pro-rated for new hires) for materials and fees for career enhancement & wellness activities per Admin Policy II-E-01.

Deferred
Compensation:

Voluntary
Educational
Incentive Program:

Five percent (5%) of base rate of pay annually for a Master’s Degree or above from an accredited program related to the employee’s field of work upon verification by supervisor/Department Head and Human Resources. 401(a) Money
Purchase Plan:

City contributes 4.5% of base salary, mandatory employee contribution of 5.5%.

Holidays: 12 set and 3.5 floating.

Long-Term Disability: Standard LTD paid by City (cost = 1.0% of gross wages).

Management Leave: 80 hours per fiscal year – prorated depending upon date of hire (see Internal Procedures). No accumulation.

Medical, Dental &
Vision After
Retirement:

Medical and dental premiums to be paid by the City according to the formula below:

For Executive Management other than Police Chief and Fire Chief:
5-10 years of service = $75 + 30% of the premium
10-14 years of service = $100 + 50% of the premium
15 – 19 years of service = $150 + 75% of the premium
20+ years of service = 100% of premiums
Benefit never to exceed 100% of total premium or $1500 per month, whichever is less. The City Manager has the authority to advance the executive management employee with less than 5 years of service to the 5 year level prior to that individual’s attainment of 5 years of actual service. For executive management employees with 20+ years of service as of July 1, 2011, benefit never to exceed 100% of total premiums.

Vision is offered for up to 18 months (COBRA) and is paid by the retiree.

Police Chief: Effective January 1, 2012, 100% of medical premiums up to CalPERS Health Plan, Blue Shield Access+ plan. May access dental after retirement at retiree’s expense. Should the retiree not elect to participate in dental after retirement or cancels coverage, they cannot re-elect coverage during open enrollment.

Fire Chief: For employees retired prior to January 1, 2022, Medical after retirement pursuant to provisions in the City's medical plan for Fire Management with CalPERS which is $800 per month. For employees who retire after January 1, 2022, 100% of medical premiums up to CalPERS Health Plan, Blue Shield Access+ plan. May access dental after retirement at retiree’s expense. Should the retiree not elect to participate in dental after retirement or cancels coverage, they cannot re-elect coverage during open enrollment. 224
City of West Sacramento
Benefits Summary
Executive Management

Page 2 ends

All Executive Management: Additionally, individuals who have access to a medical and dental after retirement program from a previous employer would not be eligible for this benefit if the plan is at least as beneficial as the City plan(s) as determined by the level of coverage and cost to the employee.

If employee was rehired, prior years of city service from original date of hire as a regular employee, will count towards total years of city service.

Medical, Dental,
Vision, and Life
Insurance:

Medical plans are offered through the CalPERS medical program (PEHMCA) using the unequal, minimum contribution methodology. Dental plan is self-insured through Delta Dental. Vision plan is Vision Service Plan. The life insurance is a $24,000 term life insurance with $1,000 coverage for a spouse and children aged 6 months to 23 years, and $100 coverage for children aged 14 days to 6 months. Premium paid for by employee.

The employer contributed cafeteria plan amounts for employees to apply toward health benefits (medical, dental and vision) shall be as listed below. The employee must purchase dental, vision and life at the employee only level at minimum.

Effective pay period inclusive of January 1, 2025:
• Employee only: City will pay up to actual premium amount of medical, dental, and vision for employee only, not to exceed $1,175 per month.
• Employee plus one: City will pay up to actual premium amount of medical, dental, and vision for employee plus one, not to exceed $1,922 per month.
• Employee plus two or more: City will pay up to actual premium amount of medical, dental, and vision for employee plus two or more, not to exceed $2,477 per month. • In no event shall the City contribution exceed 100% of the selected plan premium cost including dental and vision.

Effective the pay period inclusive of January 1, 2026:
• Employee only: City will pay up to actual premium amount of medical, dental, and vision for employee only, not to exceed $1,234 per month.
• Employee plus one: City will pay up to actual premium amount of medical, dental, and vision for employee plus one, not to exceed $2,018 per month.
• Employee plus two or more: City will pay up to actual premium amount of medical, dental, and vision for employee plus two or more, not to exceed $2,601 per month. • In no event shall the City contribution exceed 100% of the selected plan premium cost including dental and vision.

Effective the pay period inclusive of January 1, 2027:
• Employee only: City will pay up to actual premium amount of medical, dental, and vision for employee only, not to exceed $1,296 per month.
• Employee plus one: City will pay up to actual premium amount of medical, dental, and vision for employee plus one, not to exceed $2,119 per month.
• Employee plus two or more: City will pay up to actual premium amount of medical, dental, and vision for employee plus two or more, not to exceed $2,731 per month. • In no event shall the City contribution exceed 100% of the selected plan premium cost including dental and vision.

Effective the pay period inclusive of January 1, 2028:
• Employee only: City will pay up to actual premium amount of medical, dental, and vision for employee only, not to exceed $1,361 per month.
• Employee plus one: City will pay up to actual premium amount of medical, dental, and vision for employee plus one, not to exceed $2,225 per month.
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City of West Sacramento
Benefits Summary
Executive Management

Page 3 ends

• Employee plus two or more: City will pay up to actual premium amount of medical, dental, and vision for employee plus two or more, not to exceed $2,868 per month. • In no event shall the City contribution exceed 100% of the selected plan premium cost including dental and vision.

Medical Opt Out: City will pay $865 per month upon showing proof of other group medical coverage, but employee must purchase dental, vision and life at the employee-only level. Remainder may be diverted to supplemental salary according to the procedures governing cafeteria plans as established by law.

Non-recurring Pay
for Performance:

Non-recurring Pay for Performance Program is an additional component of the compensation plan. Maximum annual percentage amount is 10%. The Pay for Performance compensation is non-PERSable pay and eligilbity is based on annual evaluation by the City Manager.

Retirement: Miscellaneous (Non-Safety):

For employees hired on or after January 1, 2013, who are new CalPERS members, the retirement formula will be 2% @ 62, in accordance with the Public Employees’ Pension Reform Act of 2013 (PEPRA) and includes highest thirtysix months for final compensation determination and Unused Sick Leave Credit. Employees shall have a member contribution rate of fifty percent (50%) of the total normal cost rate.

For employees hired on or after February 11, 2012, the retirement program shall be the 2% @ 60 formula, highest thirty-six months for final compensation determination, 3rd level of the 1959 Survivor Benefit, Military Service Credit as Public Service, the Unused Sick Leave Credit option. The employee pays the entire 7% employee contribution.

For employees hired before February 11, 2012, the retirement program shall be the CalPERS 2.5% @ 55 plan, includes highest thirty-six months for final compensation determination, 1959 Survivor's Benefit (3rd Level) and Unused Sick Leave Credit. The employee pays the entire 8% employee contribution.

New employees covered by a public retirement system with reciprocity (i.e., 37 Act), will be placed in the 2% @ 60 plan, in accordance with PEPRA.

Fire Chief:

For employees hired on or after January 1, 2013, who have never been a CalPERS member, have not been a CalPERS member in the past 180 days, and who are not eligible for reciprocity with another California public retirement system as defined by the Public Employees’ Pension Reform Act (PEPRA), the retirement formula shall be 2.7%@57.

Employees shall have a member contribution rate of fifty percent (50%) of the total normal cost rate.

For employees hired on or after December 15, 2012, or who are current CalPERS members, 3% @ 55 plan. Includes highest thirty-six months for final compensation determination and Unused Sick Leave Credit. The employee contributes entire 9% of employee contribution.

For employees hired before December 15, 2012, 3% @ 50 with final year highest comp, enhanced non-industrial disability, 1959 Survivor's Benefit (3rd level), and Unused Sick Leave Credit. The employee contributes entire 9% of employee contribution.

New employees covered by a public retirement system with reciprocity (i.e., 37 Act), will be placed in the 3% @ 55 plan, in accordance with PEPRA.

Police Chief:

Employees shall have a member contribution rate of fifty percent (50%) of the total normal cost rate.

For employees hired on or after October 8, 2011, or who are current CalPERS members, the retirement formula shall be 3% @ 55. Includes highest thirty-six months for final compensation determination and Unused Sick Leave Credit.

Employee contributes entire 13.325% of employee’s contribution. (Increase of 4.325% of employee share pursuant to cost sharing agreement.)
226
City of West Sacramento
Benefits Summary
Executive Management

Page 4 ends

For employees hired before October 8, 2011 the retirement formula shall be 3% @ 50 with final year highest comp, and Unused Sick Leave Credit. Employee contributes entire 13.325% of employee’s contribution. (Increase of

4.325% of employee share pursuant to cost sharing agreement.) New employees covered by a public retirement system with reciprocity (i.e., 37 Act), will be placed in the 3% @ 55 plan, in accordance with PEPRA.

Salary: Salary range increases due to Equity Adjustment:
 FY 25/26: Effective first pay period after Council adoptionthe pay period inclusive of August 6, 2025:

Position Title Increase
Police Chief 5.00%
 Effective the pay period inclusive of February 18, 2026:

Position Title Increase
Fire Chief 5.00%
Police Chief 5.00%
General Salary Increase:
 FY 25/26: Effective the pay period inclusive of August 6, 2025first pay period after Council adoption – 5.00% GSI.
 FY 26/27: Pay Period Inclusive of July 1, 2026 – 5.00% GSI.  FY 27/28: Pay Period Inclusive of July 1, 2027 – 5.00% GSI.

Retroactivity of FY 25/26 GSI Adjustment: Effective the first pay period after approval by the City Council, employees will receive a one-time, non-PERSable lump sum equivalent payment of the base pay general salary increase adjustments retroactive to pay period inclusive of July 1, 2025.

One-Time Lump Sum Payments:
 FY 25/26: A one-time, non-PERSable lump sum payment of 2% of annual base salary paid the pay period inclusive of August 6, 2025 first pay period after Council adoption.  FY 26/27: A one-time, non-PERSable lump sum payment of 2% of annual base salary paid in the pay period inclusive of July 1, 2026.
 FY 27/28: A one-time, non-PERSable lump sum payment of 2% of annual base salary paid in the pay period inclusive of July 1, 2027.

Sick Leave: 12 days per year. Unlimited accumulation and no payoff. However, an employee shall be paid one-half of the value of their accumulated sick leave upon layoff or death based upon their salary at the time of termination. At retirement, employee may choose to have up to 50% of the value of their accumulated sick leave paid out in cash or have up to 100% of unused sick leave reported to CalPERS as service credit.

Unfunded Liability: Employee contributes $10 per month to be used to reduce the unfunded liability for retiree medical.

Uniform Allowance: Applicable to Fire and Police Chiefs only = 1% of base salary. 227
City of West Sacramento
Benefits Summary
Executive Management

Page 5 ends

Vacation: 1-5 yrs = 10 days; 6-10 yrs = 15 days; 11-19 yrs = 20 days; 20+ yrs - 25 days. Maximum accumulation = 456 hours.

Total payoff at separation. Those Executive Management employees at the minimum vacation accrual may be placed at the next accrual level at the discretion of the City Manager.

Employees will be eligible to sell back unused accrued vacation hours annually in the second pay period of January each calendar year.

To qualify to participate in the vacation sell back program, the employee must use a minimum of 40 hours of accrued leave time (not including sick leave or paid holidays) in the preceding calendar year, and submit a request form by December prior to the sell back.

If qualified, employees can sell back up to 80 hours of accrued vacation time each calendar year.

If employee was rehired, prior years of city service from original date of hire as a regular employee, will count towards total years of city service.

Employees in this group should refer to the City Personnel Rules for further information on personnel practices, and terms and conditions of employment.
228
RESOLUTION 26-20

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST SACRAMENTO ADOPTING AMENDMENTS TO THE BUDGET FOR FISCAL YEAR 2025/26 WHEREAS, the City Council adopted the biennial Operations and Maintenance (O&M) budget for Fiscal Year 2025/26 on June 18, 2025; and
WHEREAS, due to internal salary compaction and base salary of regional comparators for the same positions, staff proposes to increase the salaries for the Police Chief and Fire Chief classifications by five percent (5%); and
WHEREAS, the total ongoing cost for the increases is $50,012 annually, prorated to $23,695 for FY 2025/26, borne by the General Fund (Fund 101); and WHEREAS, the proposed additions and changes require budget amendments to fund the revisions in FY 2025/26; and
WHEREAS, the City Council has considered all information related to this matter, as presented at the public meetings of the City Council identified herein, including any supporting reports by City staff, and any other information provided during public meetings.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of West Sacramento as follows:

1. The City Council hereby approves the adjustments to the FY 2025/26 budget as provided below:

SOURCES
$36,683 101-0000-3110 General Fund Balance
USES

2. This Resolution shall take effect immediately upon its adoption $ 4,781 101-9150- 5111 Fire Admin Wages
$ 53 101-9150- 5114 Fire Admin Persable
$ 329 101-9150- 5118 Fire Admin Nonpersable
$ 69 101-9150- 5121 Fire Admin Medicare
$ 7,351 101-9150- 5122 Fire Admin PERS
$ 10 101-9150- 5130 Fire Admin Medical
$ 359 101-9150- 5132 Fire Admin Work Comp
$ 215 101-9150- 5133 Fire Admin Deferred Comp
$ 5,020 101-9110- 5111 Police Admin Wages
$ 56 101-9110- 5114 Police Admin Persable
$ 346 101-9110- 5118 Police Admin Nonpersable
$ 73 101-9110- 5121 Police Admin Medicare
$ 3,600 101-9110- 5122 Police Admin PERS
$ 665 101-9110- 5130 Police Admin Medical
$ 542 101-9110- 5132 Police Admin Work Comp
$ 226 101-9110- 5133 Police Admin Deferred Comp
$ 23,695 TOTAL USES
229
Resolution 25-113

Page 2 ends

PASSED AND ADOPTED by the City Council of the City of West Sacramento this 18th day of February 2026, by the following vote:

AYES:

NOES:

ABSENT:

Martha Guerrero, Mayor
ATTEST:

Jennifer Cusmir, City Clerk
230

West Sacramento City CouncilFebruary 18, 2026

West Sacramento City Council
February 18, 2026