Agenda packet — Yorba Linda City Council, April 21, 2026 (part 2 of 7)

8 Bob Short, said he was one of the residents that Mr. Ramocinski contacted, but did not have the opportunity to respond. He said he spoke to about 10 other neighbors and voiced that they are in full support of Option A.

Ann Hart, said she surveyed her neighbors, and they all expressed support for a new entry monument.

Director Lai clarified that the project does not involve complete demolition of the existing monument. Councilwoman Campbell expressed support for Option A, consistent with resident feedback.

Councilwoman Lim rejoined the meeting at 7:50 p.m. following the vote.

Moved by Campbell
Seconded by Huang

1.) Approve an Agreement with Bravo Sign & Design, Inc. for the Hidden Hills Monument Restoration Project for $159,000 and authorize a contingency of $23,850; and 2.) Authorize the City Manager to execute the agreement and to incorporate any City Council design modifications.

AYES (4): Campbell, Huang, Singh, and Rodriguez
ABSTAINED (1): Lim
CARRIED (4 to 0)

13. INITIATE AN UPDATE OF CITYWIDE POSTED SPEED LIMITS
Public Works Director Lai presented a staff report on the City’s speed limits, noting that the current limits were established by ordinance in 2014. She explained that adoption of Ordinance No. 2026-1129 would repeal Ordinance No. 2014-1007 and streamline future updates by allowing speed limit changes to be adopted by resolution, effective immediately, rather than requiring a second reading and a 30-day implementation period.

She added that all existing speed limits in Yorba Linda will remain in effect and enforceable during the transition.

Moved by Campbell
Seconded by Lim
Approve Ordinance No. 2026-1129 rescinding Ordinance No. 2014-1007, which established citywide posted speed limits.

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9 AYES (5): Campbell, Huang, Lim, Singh, and Rodriguez
CARRIED (5 to 0)

14. APPROVE FY 2024-25 GENERAL FUND YEAR-END RESULTS AND FY 2025-26

MID-YEAR BUDGET UPDATE
Finance Director Sunny Han provided a PowerPoint covering the FY 2024-25 Year-End Results and the FY 2025-26 Mid-Year Review. She said the General Fund Budget was originally adopted with $457k surplus. She discussed the General Fund Reserve, Library Fund, and Funding Pension & Retiree Medical Obligations. With respect to the Mid-Year Update, she said the results are generally positive and provided notable adjustments.

She said sales tax is projected to decrease by $30,000 due to inflation and interest rates, however Parks & Recreation classes and rental revenue is projected to increase $17,000.

Director Han said the Year-end surplus is projected to decrease from $114,000 to $44,000. She concluded with Mid-Year Adjustments and staff recommendations.

Richard de Bruijn, resident, expressed concerns about pension plans and unfunded liabilities.

A conversation ensued with Council and staff regarding credit card transaction fees and the city's recovery of those changes, the e-bike safety campaign and the importance of Shop Dine Support Yorba Linda and the reduced sales tax revenue.

Moved by Campbell
Seconded by Singh

1.) Appropriate $6,766,200 of General Fund operating reserves from FY 24-25 surplus:
a. $583,100 to the unfunded accrued pension liability; b. $583,100 to Other PostEmployment Benefits Trust; and c. $5,600,000 to the Special Reserve Fund; 2.) Appropriate $933,800 of FY 2024-25 Library Fund operating reserves from FY 24-25 surplus: a. $116,900 to unfunded accrued pension liability; b. $116,900 to the Other PostEmployment Benefits Trust; and c. $700,000 to the Library Reserve Fund; 3.) Approve the FY 2024-25 Budget appropriations (Attachment 1); 4.) Approve FY 2024-25 appropriations and carryovers (Attachment 3); 5.) Receive and file FY 2025-26 mid-year line-item transfers and supplemental appropriations (Attachment 2); and 6.) Approve $1,469,000 of FY 2025-26 Budget adjustments (Attachment 4).

AYES (5): Campbell, Huang, Lim, Singh, and Rodriguez
CARRIED (5 to 0)

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10 15. CREATE A CITY COUNCIL AD HOC ECONOMIC DEVELOPMENT COMMITTEE Mayor Carlos Rodriguez reported that the City held an economic development workshop on February 24 and reaffirmed the Council’s commitment to exploring opportunities to grow revenue. While property tax remains the primary revenue source, he emphasized the importance of increasing sales tax revenue. He noted that the workshop included a recommendation to establish an ad hoc committee to support economic development efforts, including business support, retention, attraction, expansion, and long-term vitality strategies.

Mayor Rodriguez expressed his interest in serving on the ad hoc committee and nominated Mayor Pro Tem Huang to serve alongside him.

Moved by Rodriguez
Seconded by Singh

1.) Create a City Council ad hoc economic development committee; and 2.) Ratify the Mayor’s appointment of two Council Members to the committee - himself and Mayor Pro Tem Huang.

AYES (5): Campbell, Huang, Lim, Singh, and Rodriguez
CARRIED (5 to 0)

ADJOURNMENT - IN MEMORY OF PAMELA BERRY
Mayor Rodriguez adjourned the meeting in memory of Pamela Berry, at 8:15 p.m. to the next regularly scheduled City Council/Successor Agency to the Yorba Linda Redevelopment Agency joint meeting on April 7, 2026.
_________________________
City Clerk

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FINANCE DEPARTMENT
DATE: APRIL 21, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: DONNA MULLALLY, FINANCE DIRECTOR
PREPARED BY: SOPHIA LEUNG, FINANCIAL SERVICES MANAGER
SUBJECT: TREASURER’S REPORT – DECEMBER 2025

RECOMMENDATION

1. Receive and file the attached monthly Treasurer’s Report; and

2. Delegate investment responsibility to the City’s Finance Director / City Treasurer for one year.

SUMMARY
Sound investment practices are essential to the City’s fiscal management. The Finance Department is responsible for managing the City’s investment portfolio, focusing first on the safety of investments and then on liquidity and an appropriate rate of return. State law requires the City Treasurer to submit a monthly report to the City Council reflecting the receipts, disbursements, and fund balances for each City fund. The attached report reflects the summarized inflow and outflow of cash for December 2025.

Government Code Section 53607 permits the routine annual delegation of authority to invest and reinvest the City’s funds or to sell or exchange purchased securities to the City Treasurer.

FISCAL IMPACT
There is no direct fiscal impact associated with this report. Investment earnings are distributed to the City’s various funds in proportion to the amount of cash attributable to each Fund.

ATTACHMENTS

1. Treasurer’s Report – December 2025

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Treasurer's Report
Summary of Investment Portfolio Holdings
December 31, 2025
Investment Purpose MYietld 1
1 ° Original Cost Amortized Cost Market Value
a un y
Cash and Money Market Accounts
BMO' City Operations 0.45% $ 6,861,365.23 $ 6,861,365.23 $ 6,861,365.23 US Bank' Investment Safekeeping 3.61% 92,328.67 92,328.67 92,328.67 Petty Cash Petty Cash at City Facilities 0.00% 12,470.00 12,470.00 12,470.00 Total Cash and Money Market Accounts 0.49% 6,966,163.90 6,966,163.90 6,966,163.90 Local Agency Investment Fund (LAIF) Short-Term Investment 4.03% 4,165,138.80 4,165,138.80 4,165,138.80 California Asset Management Program (CAMP) Short-Term Investment 3.95% 23,093,541.96 23,093,541.96 23,093,541.96 Managed Investment Portfolio
U.S. Treasury Bonds/ Notes Medium-Term Investment 3.74% 28,139,463.90 28,523,746.08 28,700,156.51 U.S. Government Agency Securities Medium-Term Investment 3.36% 349,287.90 379,916.74 377,608.14 U.S. Government Agency Collateralized Mortgage Medium-Term lnvestmenl 4.56% 9,392,850.77 9,443,785.11 9,606,704.41 Supra-National Agency Bonds / Notes Medium-Term Investment 4.49% 234,233.90 234,732.29 236,665.92 Municipal Bonds / Notes Medium-Term Investment 3.36% 380,000.00 380,000.00 381,692.79 Corporate Notes Medium-Term Investment 4.47% 11,987,661.30 12,012,443.02 12,161,198.80 Bank Note Medium-Term Investment 5.10% 1,007,288.25 1,010,182.23 1,024,465.56 Certificales of Deposit Medium-Term Investment 5.17% 705,000.00 705,000.00 712,403.55 Asset-Backed Securities Medium-Term Investment 3.84% 48 459.10 48 460.64 48,452.78 Total Managed Investment Portfolio 4.10% $ 52,244,245.12 $ 52,738,266.11 $ 53,249,348.46 Total Pooled Investment Portfolio 3.76% $ 86,469,089.78 $ 86,963,110.77 $ 87,474,193.12 Fiscal Agent Money Market Accounts
U.S. Bank Federated Government Obligation Fund
U.S. Bank Federated Government Obligation Fund
U.S. Bank Federated Government Obligalion Fund
Total Fiscal Agent Money Market Accounts
Successor Agency Bond Funds
YL Redevelopment 1998 Bond Funds
Library Bond Funds

3.62%

3.21%

3.62%

3.30%
732.09
7,595.62
1 370.03
732.09
7,595.62
1 370.03
732.09
7,595.62
1,370.03
9,697.74 9,697.74 9,697.74
Total Cash and Investments $ 86,478,787.52 $ 86,972,808.51 $ 87,483,890.86 1 Interest earned on the City's deposits with BMO is limited to the total amount of banking fees charged each month. 2 This is the balance of the funds currently under management by the City's external investment advisor, PFM, that are not currently invested.

Composition of Pooled Investment Portfolio
• Cash and Other Liquid
Funds
• U.S. Government
Obligations
■ Supra-National Agency
Bonds I Notes
• Municipal Bonds / Notes
1 % ■ Corporate Notes
• Bank Notes
• Certificates of Deposit
• Asset-Backed Securities
Pooled Investment Portfolio Balances by Fund
• General Fund (Including
Operating Reserves)
• Special Reserve Funds
• Library Funds
Landscape Maintenance
Assessment District Fund
Successor Agency Funds
Other Funds
It has been verified that the City's investment portfolio is in conformity with the City's investment policy. This Treasurer's Report accurately reflects all cash and investments of the City as of the month-ended date shown above. Cash on hand is projecled to be adequate lo fund all anticipated expenditures for the next six months.

Verified By: Approved By:
ff}1u_U___,,
Sophia Leung, Financial Services Manager

Page 1 of 2 ends

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Cash Balances by Fund 1
December 31, 2025
Beginning . . Ending
Fund B I Receipts Disbursements B
a ance a 1 ance
General Fund and Special Reserve Funds
101 General Fund (Including Operating Reserves) $ 12,248,354.84 $ 8,456,873.76 $ (3,469,956.05) $ 17,235,272.55 102 Special Reserve Funds 19,581,339.87 19,581,339.87
104 Donation 563,890.03 563,890 03
Total General Fund and Special Reserve Funds 32,393,584.74 8,456,873.76 (3,469,956.05) 37,380,502.45 Library Special Revenue Funds
202 Library Fund 4,782,740.52 3,137,605.80 (351,787.35) 7,568,558.97 203 Library Reserve Fund 2,691,870.02 2,691,870.02
204 Library Bond Fund 254.81 254.81
Total Library Special Revenue Funds 7,474,865.35 3,137,605.80 (351,787.35) 10,260,683.80 Other Special Revenue Funds
201 Landscape Maintenance Assessment District Fund 9,862,280.65 5,071,891.81 (627,249.80) 14,306,922.66 205 Affordable Housing Fund 2,815,405.45 (1,840.80) 2,813,564.65 206 Mortgage Assistance Program Fund 89,639.22 89,639.22 207 Miscellaneous Grants Fund (2,672,244.68) (2,672,244.68) 208 Community Development Block Grant (CDBG) Fund (69,446.40) 41,545.33 (11,600.82) (39,501.89) 209 Air Quality Management District (AQMD) Fund 692,738.85 22,563.48 715,302.33 210 Public, Educational, and Government Access (PEG) Fund 367,761.37 367,761.37 211 Gas Tax Fund 3,257,386.87 168,970.01 3,426,356.88
212 Measure M Fund 1,473,670.83 1,473,670.83
213 Road Maintenance and Rehabilitation Fund 533,128.66 312,095.71 845,224.37 214 Traffic Safety Fund 22,760.64 3,842.68 26,603.32
215 Citizens' Option for Public Safety (COPS) Fund 142,193.40 26,512.54 168,705.94 216 SB-2 Fund (574,730.00) (321,604.00) (896,334.00)
219 Opoid Fund 61,078.01 61,078.01
Total Other Special Revenue Funds 15,940,544.86 5,708,499.57 (962,295.42) 20,686,749.01 Capital Projects Funds
401 Capital Improvements Fund (90,637.33) (292,270.22) (382,907.55) 402 Park In-Lieu Fund 1,578,957.68 9,431.84 1,588,389.52 403 Master Plan of Drainage Fund 5,706,677.21 240,000.00 5,946,677.21 404 Traffic Mitigation Fund 430,282.42 1,200.00 431,482.42 405 Traffic Signal Improvement Fund 1,138,896.61 1,138,896.61 406 Parking In-Lieu Fund 31,262.00 31,262.00
407 Lighting & Signal Projects 707,665.30 707,665.30
Total Capital Projects Funds 9,503,103.89 250,631.84 (292,270.22) 9,461,465.51 Enterprise Funds
501 Black Gold Golf Course Fund 2,966,710.50 1,124,129.36 (1,380,503.99) 2,710,335.87 503 BGGC Capital Reserve Fund 984,402.33 984,402.33
Total Enterprise Funds 3,951,112.83 1,124,129.36 (1,380,503.99) 3,694,738.20 Agency Funds
701 Miscellaneous Trust & Agency Funds 2,187,053.26 35,192.07 (33,915.66) 2,188,329.67 702 Successor Agency Funds 2,558,029.49 23.65 2,558,053.14 Total Agency Funds 4,745,082.75 35,215.72 (33,915.66) 4,746,382.81 Investment Earnings and Amortization Pending Distribution 2 543,689.66 198,597.07 742,286.73 Total Cash - All Funds $ 74,551,984.08 $ 18,911,553.12 $ (6,490,728.69) $ 86,972,808.51 1 The cash balances by fund shown in the table above are preliminary and may not reflect adjusting journal entries. 2 Investment earnings and amortizations are recorded in a holding account monthly, but are allocated to the City's various Funds quarterly.

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CITY OF YORBA LINDA

ACCOUNT STATEMENT
For the Month Ending
December 31, 2025
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF YORBA LINDA
MS. SOPHIA LEUNG
4845 CASE LOMA AVENUE
YORBA LINDA, CA 92885
Client Management Team
Accounts included in Statement
97480000 CITY OF YORBA LINDA
Online Access https://www.pfmam.com Customer Service 1-717-232-2723 Robert Montoya
Institutional Sales & Relationship Manager
633 W 5th Street, Suite/Floor 2560
Los Angeles, CA 90071
262-725-1090
[email protected]
Giancarlo Morales-Belletti
Portfolio Manager
213 Market Street
Harrisburg, PA 17101-2141
(717)-232-2723
[email protected]
Rachael Miller
Client Consultant
213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
[email protected]

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For the Month Ending December 31, 2025
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

Average maturity represents the average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. The stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.

Monthly distribution yield represents the net change in the value of one share (normally $1.00 per share) resulting from all dividends declared during the month by a fund expressed as a percentage of the value of one share at the beginning of the month. This resulting net change is then annualized by multiplying it by 365 and dividing it by the number of calendar days in the month.

YTM at Cost The yield to maturity at cost is the expected rate of return, based on the original cost, the annual interest receipts, maturity value and the time period from purchase date to maturity, stated as a percentage, on an annualized basis.

YTM at Market The yield to maturity at market is the rate of return, based on the current market value, the annual interest receipts, maturity value and the time period remaining until maturity, stated as a percentage, on an annualized basis.

Managed Account A portfolio of investments managed discretely by PFMAM according to the client’s specific investment policy and requirements. The investments are directly owned by the client and held by the client’s custodian.

Unsettled Trade A trade which has been executed however the final consummation of the security transaction and payment has not yet taken place.

Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information about a transaction, please contact PFMAM within 60 days of receipt. If you have other concerns or questions regarding your account, or to request an updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.

PFM Asset Management
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE
This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.

Proxy Voting PFMAM does not normally receive proxies to vote on behalf of its clients.

However, it does on occasion receive consent requests. In the event a consent request is received the portfolio manager contacts the client and then proceeds according to their instructions. PFMAM’s Proxy Voting Policy is available upon request by contacting Service Operations at the address below.

Questions About an Account PFMAM’s monthly statement is intended to detail our investment advisory activity as well as the activity of any accounts held by clients in pools that are managed by PFMAM. The custodian bank maintains the control of assets and executes (i.e., settles) all investment transactions. The custodian statement is the official record of security and cash holdings and transactions. PFMAM recognizes that clients may use these reports to facilitate record keeping and that the custodian bank statement and the PFMAM statement should be reconciled and differences resolved.

Many custodians use a settlement date basis which may result in the need to reconcile due to a timing difference.

Account Control PFMAM does not have the authority to withdraw funds from or deposit funds to the custodian outside the scope of services provided by PFMAM. Our clients retain responsibility for their internal accounting policies; implementing and enforcing internal controls and generating ledger entries or otherwise recording transactions.

Market Value Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may be differences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local government investment program is contained in the appropriate fund offering documentation or information statement.

Amortized Cost The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short term securities (those with less than one year to maturity at time of issuance) is amortized on a straightline basis. Such discount or premium with respect to longer term securities is amortized using the constant yield basis.

Tax Reporting Cost data and realized gains / losses are provided for informational purposes only. Please review for accuracy and consult your tax advisor to determine the tax consequences of your security transactions. PFMAM does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information that may be required to be reported to federal, state or other taxing authorities.

Financial Situation In order to better serve you, PFMAM should be promptly notified of any material change in your investment objective or financial situation.

Callable Securities Securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented.

Portfolio The securities in this portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by PFMAM, the FDIC (except for certain non-negotiable certificates of deposit) or any government agency. Investment in securities involves risks, including the possible loss of the amount invested. Actual settlement values, accrued interest, and amortized cost amounts may vary for securities subject to an adjustable interest rate or subject to principal paydowns. Any changes to the values shown may be reflected within the next monthly statement’s beginning values.

Rating Information provided for ratings is based upon a good faith inquiry of selected sources, but its accuracy and completeness cannot be guaranteed.

Shares of some local government investment programs and TERM funds are distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
https://www.finra.org/investors/investor-contacts. A brochure describing the FINRA Regulation Public Disclosure Program is also available from FINRA upon request.

Key Terms and Definitions
Dividends on local government investment program funds consist of interest earned, plus any discount ratably amortized to the date of maturity, plus all realized gains and losses on the sale of securities prior to maturity, less ratable amortization of any premium and all accrued expenses to the fund. Dividends are accrued daily and may be paid either monthly or quarterly. The monthly earnings on this statement represent the estimated dividend accrued for the month for any program that distributes earnings on a quarterly basis. There is no guarantee that the estimated amount will be paid on the actual distribution date.

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by

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Managed Account Summary Statement For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
$52,883,007.22
(20,223.64)
(2,288,375.92)
2,709,675.60

0.00 (34,734.80)
$53,249,348.46
118,005.01
(8,203.07)
50,619.40
$160,421.34
Total
52,738,266.11
380,411.24
2,299,440.03
20,223.64
106,940.90
(2,717,723.64)
(52,301,843.82)
(335,212.73)
Total Accrual Basis Earnings $190,501.73
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Transaction Summary - Managed Account
_________________
_________________
_______________________________________________ _______________________________________________ Reconciling Transactions Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary - Managed Account

0.00 2,299,440.03
106,940.90
20,223.64
(3,055,835.04)
(535.47)

0.00 Cash Balance
Closing Cash Balance $92,328.67
PFM Asset Management, a division of Account 97480000 Page 1 U.S. Bancorp Asset Management, Inc.

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Portfolio Summary and Statistics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 29,030,000.00 28,700,156.51 53.90 Supra-National Agency Bond / Note 235,000.00 236,665.92 0.44 Municipal Bond / Note 380,000.00 381,692.79 0.72
Federal Agency Commercial
Mortgage-Backed Security
9,564,377.37 9,606,704.41 18.04
Federal Agency Bond / Note 390,000.00 377,608.14 0.71
Corporate Note 12,075,000.00 12,161,198.80 22.84
Certificate of Deposit 705,000.00 712,403.55 1.34
Bank Note 1,015,000.00 1,024,465.56 1.92
Asset-Backed Security 48,461.24 48,452.78 0.09
Managed Account Sub-Total 53,442,838.62 53,249,348.46 100.00% Accrued Interest 380,411.24
Total Portfolio 53,442,838.62 53,629,759.70
Unsettled Trades 0.00 0.00
Sector Allocation

0.09% ABS

1.92%
Bank Note

1.34%
Cert of Deposit

22.84%
Corporate Note

0.71%
Fed Agy Bond /
Note

18.04%
Federal Agency
Commercial
Mortgage-Backed
Security

0.72%
Muni Bond / Note

0.44%
Supra-National
Agency Bond / Note 53.90%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

0.00%

3.62%

22.99%

33.59%

18.22%

21.58%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1021

4.10%

3.71%
PFM Asset Management, a division of Account 97480000 Page 2 U.S. Bancorp Asset Management, Inc.

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Managed Account Issuer Summary For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Credit Quality (S&P Ratings)

4.75%
A

7.64%
A+

5.73%
A0.65%
A-1

74.14%
AA+

4.90%
AA1.31%
AAA

0.88%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Accenture PLC 371,340.14 0.70
Alphabet Inc 798,398.63 1.50
American Express Co 218,298.75 0.41
Analog Devices Inc 390,223.30 0.73
AstraZeneca PLC 339,996.07 0.64
Bank of America Corp 377,749.25 0.71
BlackRock Inc 407,119.98 0.76
BP PLC 254,942.50 0.48
California State University 111,014.97 0.21
Capital One Financial Corp 20,686.30 0.04
CarMax Inc 27,766.48 0.05
Charles Schwab Corp 246,055.75 0.46
Chevron Corp 446,842.88 0.84
Cintas Corp 155,769.42 0.29
Cisco Systems Inc 538,287.37 1.01
Citigroup Inc 509,726.75 0.96
Credit Agricole Group 368,128.05 0.69
Cummins Inc 25,194.85 0.05
Deere & Co 177,927.75 0.33
Eli Lilly & Co 306,996.96 0.58
Federal Home Loan Banks 377,608.14 0.71
Federal Home Loan Mortgage Corp 8,703,041.84 16.34
Federal National Mortgage Association 903,662.57 1.70
Groupe BPCE 344,275.50 0.65
Hershey Co 205,417.60 0.39
Home Depot Inc 379,340.28 0.71
Honda Motor Co Ltd 354,728.85 0.67
HSBC Holdings PLC 406,024.40 0.76
International Finance Corp 236,665.92 0.44
Johnson & Johnson 412,179.20 0.77
JPMorgan Chase & Co 421,346.80 0.79
Kenvue Inc 280,953.20 0.53
PFM Asset Management, a division of Account 97480000 Page 3 U.S. Bancorp Asset Management, Inc.

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Managed Account Issuer Summary For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Issuer of Holdings Percent
Market Value
KLA Corp 395,897.04 0.74
Lockheed Martin Corp 253,900.00 0.48
Los Angeles Unified School District/CA 270,677.82 0.51
Merck & Co Inc 300,140.13 0.56
Meta Platforms Inc 265,559.94 0.50
Morgan Stanley 759,667.75 1.43
National Rural Utilities Cooperative Fi 195,445.58 0.37 Northern Trust Corp 399,223.15 0.75
Novartis AG 469,498.98 0.88
PACCAR Inc 115,537.63 0.22
Shell PLC 529,930.58 1.00
State Street Corp 708,657.71 1.33
Target Corp 65,760.18 0.12
Toyota Motor Corp 184,691.70 0.35
Truist Financial Corp 264,797.81 0.50
UBS Group AG 252,095.50 0.47
United States Treasury 28,700,156.51 53.89
Total $53,249,348.46 100.00%
PFM Asset Management, a division of Account 97480000 Page 4 U.S. Bancorp Asset Management, Inc.

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US TREASURY N/B
DTD 08/02/2021 0.625% 07/31/2026
91282CCP4 225,000.00 AA+ Aa1 01/04/22 01/05/22 217,854.49 1.34 588.49 224,096.10 221,225.63

US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 1,000,000.00 AA+ Aa1 12/02/21 12/06/21 984,414.06 1.21 2,235.58 997,589.89 980,268.00

US TREASURY N/B
DTD 11/30/2021 1.250% 11/30/2026
91282CDK4 125,000.00 AA+ Aa1 02/14/22 02/15/22 121,118.17 1.93 137.36 124,260.92 122,440.63

US TREASURY N/B
DTD 01/16/2024 4.000% 01/15/2027
91282CJT9 120,000.00 AA+ Aa1 02/14/25 02/18/25 119,428.13 4.26 2,217.39 119,682.94 120,575.40

US TREASURY N/B
DTD 01/31/2020 1.500% 01/31/2027
912828Z78 620,000.00 AA+ Aa1 12/01/23 12/05/23 568,292.97 4.36 3,891.85 602,285.97 606,752.46

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 600,000.00 AA+ Aa1 07/05/22 07/06/22 584,296.88 2.86 5,099.18 596,179.06 591,703.20

US TREASURY N/B
DTD 03/31/2022 2.500% 03/31/2027
91282CEF4 500,000.00 AA+ Aa1 03/01/24 03/05/24 473,046.88 4.40 3,193.68 489,084.11 493,808.50

US TREASURY N/B
DTD 04/30/2020 0.500% 04/30/2027
912828ZN3 125,000.00 AA+ Aa1 05/05/22 05/11/22 110,996.09 2.94 107.04 121,265.62 120,190.38

US TREASURY N/B
DTD 05/02/2022 2.750% 04/30/2027
91282CEN7 375,000.00 AA+ Aa1 05/03/22 05/04/22 371,367.19 2.96 1,766.23 374,034.97 371,367.38

US TREASURY N/B
DTD 05/15/2017 2.375% 05/15/2027
912828X88 600,000.00 AA+ Aa1 07/05/22 07/06/22 585,539.06 2.91 1,850.14 595,932.35 590,953.20

US TREASURY N/B
DTD 06/02/2025 3.875% 05/31/2027
91282CNE7 290,000.00 AA+ Aa1 07/21/25 07/22/25 290,011.33 3.87 987.91 290,009.08 291,483.93

US TREASURY N/B
DTD 05/31/2022 2.625% 05/31/2027
91282CET4 390,000.00 AA+ Aa1 11/08/24 11/12/24 375,283.59 4.20 900.00 381,659.12 385,338.33

US TREASURY N/B
DTD 06/01/2020 0.500% 05/31/2027
912828ZS2 675,000.00 AA+ Aa1 04/01/24 04/04/24 596,373.05 4.50 296.70 639,849.93 647,446.50

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2027
91282CEW7 350,000.00 AA+ Aa1 08/03/22 08/03/22 355,455.08 2.91 31.42 351,659.05 348,797.05 PFM Asset Management, a division of Account 97480000 Page 5 U.S. Bancorp Asset Management, Inc.

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US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
91282CFB2 500,000.00 AA+ Aa1 08/03/22 08/03/22 496,464.84 2.90 5,754.08 498,883.02 494,355.50

US TREASURY N/B
DTD 08/31/2020 0.500% 08/31/2027
91282CAH4 430,000.00 AA+ Aa1 07/01/24 07/02/24 378,920.70 4.58 730.52 402,288.97 409,440.84

US TREASURY N/B
DTD 08/31/2020 0.500% 08/31/2027
91282CAH4 480,000.00 AA+ Aa1 09/25/24 09/26/24 440,418.75 3.49 815.47 457,076.34 457,050.24

US TREASURY N/B
DTD 08/31/2020 0.500% 08/31/2027
91282CAH4 1,200,000.00 AA+ Aa1 08/01/24 08/02/24 1,078,078.13 4.04 2,038.67 1,132,421.17 1,142,625.60

US TREASURY N/B
DTD 09/30/2025 3.500% 09/30/2027
91282CPB1 285,000.00 AA+ Aa1 10/28/25 10/29/25 284,988.87 3.50 2,548.56 284,989.96 285,055.57

US TREASURY N/B
DTD 09/30/2020 0.375% 09/30/2027
91282CAL5 600,000.00 AA+ Aa1 10/28/24 10/29/24 539,507.81 4.07 574.86 563,028.95 568,711.20

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 100,000.00 AA+ Aa1 12/05/22 12/07/22 101,308.59 3.83 706.49 100,488.62 101,109.40

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 500,000.00 AA+ Aa1 01/03/23 01/06/23 503,222.66 3.98 3,532.46 501,223.84 505,547.00

US TREASURY N/B
DTD 11/15/2017 2.250% 11/15/2027
9128283F5 410,000.00 AA+ Aa1 12/03/24 12/05/24 388,843.36 4.13 1,197.72 396,275.33 400,903.33

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 420,000.00 AA+ Aa1 12/05/22 12/07/22 421,525.78 3.79 1,430.77 420,585.48 422,985.78

US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2028
91282CGH8 450,000.00 AA+ Aa1 01/31/23 02/02/23 447,169.92 3.64 6,591.03 448,820.80 450,087.75

US TREASURY N/B
DTD 02/15/2018 2.750% 02/15/2028
9128283W8 1,800,000.00 AA+ Aa1 08/29/24 09/03/24 1,742,203.13 3.75 18,697.01 1,763,570.10 1,772,859.60

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2028
91282CGT2 750,000.00 AA+ Aa1 05/02/23 05/03/23 754,335.94 3.50 6,946.26 751,981.87 751,992.00

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 385,000.00 AA+ Aa1 05/01/23 05/03/23 383,105.08 3.61 2,307.87 384,116.95 384,939.94 PFM Asset Management, a division of Account 97480000 Page 6 U.S. Bancorp Asset Management, Inc.

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US TREASURY N/B
DTD 05/15/2018 2.875% 05/15/2028
9128284N7 725,000.00 AA+ Aa1 05/18/23 05/24/23 698,548.83 3.68 2,706.23 712,414.60 714,662.95

US TREASURY N/B
DTD 05/31/2023 3.625% 05/31/2028
91282CHE4 750,000.00 AA+ Aa1 06/01/23 06/02/23 747,480.47 3.70 2,390.11 748,783.72 751,962.75

US TREASURY N/B
DTD 08/02/2021 1.000% 07/31/2028
91282CCR0 75,000.00 AA+ Aa1 10/08/24 10/10/24 67,423.83 3.88 313.86 69,742.63 70,371.08

US TREASURY N/B
DTD 08/31/2023 4.375% 08/31/2028
91282CHX2 250,000.00 AA+ Aa1 09/12/23 09/14/23 249,433.59 4.43 3,716.33 249,696.02 255,283.25

US TREASURY N/B
DTD 08/31/2023 4.375% 08/31/2028
91282CHX2 1,300,000.00 AA+ Aa1 11/01/24 11/05/24 1,308,277.34 4.19 19,324.93 1,305,904.89 1,327,472.90

US TREASURY N/B
DTD 09/30/2021 1.250% 09/30/2028
91282CCY5 900,000.00 AA+ Aa1 12/02/24 12/05/24 807,925.78 4.18 2,874.31 832,386.07 846,597.60

US TREASURY N/B
DTD 10/15/2025 3.500% 10/15/2028
91282CPC9 395,000.00 AA+ Aa1 12/02/25 12/03/25 394,598.83 3.54 2,962.50 394,610.46 394,598.68

US TREASURY N/B
DTD 11/30/2021 1.500% 11/30/2028
91282CDL2 515,000.00 AA+ Aa1 01/02/24 01/04/24 458,732.23 3.97 679.12 481,591.01 486,071.42

US TREASURY N/B
DTD 05/02/2022 2.875% 04/30/2029
91282CEM9 225,000.00 AA+ Aa1 10/09/24 10/10/24 215,340.82 3.91 1,107.91 217,780.99 220,025.48

US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 360,000.00 AA+ Aa1 12/11/24 12/12/24 365,793.75 4.10 1,424.18 364,518.19 370,350.00

US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
91282CKX8 170,000.00 AA+ Aa1 07/18/25 07/21/25 172,171.48 3.90 19.96 171,942.66 173,592.61

US TREASURY N/B
DTD 08/31/2022 3.125% 08/31/2029
91282CFJ5 1,500,000.00 AA+ Aa1 06/02/25 06/05/25 1,451,660.16 3.96 15,927.14 1,457,777.30 1,474,687.50

US TREASURY N/B
DTD 09/30/2022 3.875% 09/30/2029
91282CFL0 235,000.00 AA+ Aa1 10/01/24 10/03/24 238,488.28 3.55 2,326.60 237,673.33 237,028.76

US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2029
91282CLR0 500,000.00 AA+ Aa1 05/21/25 05/22/25 500,000.00 4.12 3,532.46 500,000.00 508,554.50 PFM Asset Management, a division of Account 97480000 Page 7 U.S. Bancorp Asset Management, Inc.

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US TREASURY N/B
DTD 12/02/2024 4.125% 11/30/2029
91282CMA6 125,000.00 AA+ Aa1 07/18/25 07/21/25 126,054.69 3.91 453.30 125,954.30 127,158.25

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2029
91282CFY2 850,000.00 AA+ Aa1 02/03/25 02/07/25 833,132.81 4.34 2,895.60 836,026.09 857,105.15

US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2029
91282CGB1 770,000.00 AA+ Aa1 01/02/25 01/07/25 753,396.88 4.36 82.42 756,399.70 776,527.29

US TREASURY N/B
DTD 01/31/2023 3.500% 01/31/2030
91282CGJ4 20,000.00 AA+ Aa1 03/03/25 03/04/25 19,494.53 4.07 292.93 19,573.12 19,885.16

US TREASURY N/B
DTD 02/18/2020 1.500% 02/15/2030
912828Z94 615,000.00 AA+ Aa1 04/01/25 04/03/25 550,160.74 3.90 3,484.44 559,346.07 564,887.34

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2030
91282CGS4 465,000.00 AA+ Aa1 05/12/25 05/13/25 455,064.26 4.11 4,306.68 456,255.63 464,128.13

US TREASURY N/B
DTD 06/30/2023 3.750% 06/30/2030
91282CHJ3 900,000.00 AA+ Aa1 08/01/25 08/05/25 890,542.97 3.99 93.23 891,257.04 902,144.70

US TREASURY N/B
DTD 07/31/2025 3.875% 07/31/2030
91282CNN7 930,000.00 AA+ Aa1 09/02/25 09/04/25 935,412.89 3.74 15,080.91 935,088.94 936,866.19

US TREASURY N/B
DTD 08/31/2023 4.125% 08/31/2030
91282CHW4 90,000.00 AA+ Aa1 10/01/25 10/06/25 91,775.39 3.68 1,261.43 91,695.49 91,582.02

US TREASURY N/B
DTD 10/02/2023 4.625% 09/30/2030
91282CHZ7 860,000.00 AA+ Aa1 11/03/25 11/06/25 894,467.19 3.72 10,162.29 893,475.90 893,661.26

US TREASURY N/B
DTD 10/31/2025 3.625% 10/31/2030
91282CPD7 1,200,000.00 AA+ Aa1 12/01/25 12/04/25 1,200,515.63 3.61 7,450.28 1,200,511.42 1,194,937.20 Security Type Sub-Total 29,030,000.00 28,139,463.90 3.74 182,043.89 28,523,746.08 28,700,156.51 Supra-National Agency Bond / Note

INTL FINANCE CORP
DTD 12/06/2023 4.375% 01/15/2027
45950KDF4 235,000.00 AAA Aaa 11/29/23 12/06/23 234,233.90 4.49 4,740.80 234,732.29 236,665.92 Security Type Sub-Total 235,000.00 234,233.90 4.49 4,740.80 234,732.29 236,665.92 PFM Asset Management, a division of Account 97480000 Page 8 U.S. Bancorp Asset Management, Inc.

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LOS ANGELES UN SD-B
DTD 11/10/2021 1.455% 07/01/2026
544647FC9 150,000.00 NR Aa2 10/28/21 11/10/21 150,000.00 1.46 1,091.25 150,000.00 148,419.90

CA ST UNIV TRUSTEES -
DTD 08/09/2023 4.755% 11/01/2026
13077DTC6 110,000.00 AA- Aa2 07/20/23 08/09/23 110,000.00 4.75 871.75 110,000.00 111,014.97

LOS ANGELES UNIF SD-B
DTD 05/13/2025 4.423% 07/01/2028
544647KY5 120,000.00 NR Aa2 04/24/25 05/13/25 120,000.00 4.42 3,361.48 120,000.00 122,257.92 Security Type Sub-Total 380,000.00 380,000.00 3.36 5,324.48 380,000.00 381,692.79 Federal Agency Commercial Mortgage-Backed Security
FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 500,000.00 AA+ Aa1 06/08/23 06/13/23 479,121.09 4.42 1,351.25 492,890.37 496,308.50 FHMS K070 A2
DTD 12/01/2017 3.303% 11/01/2027
3137FCJK1 255,000.00 AA+ Aa1 07/01/24 07/05/24 242,279.88 4.90 701.89 247,581.86 252,634.11 FNA 2018-M2 A2
DTD 02/01/2018 2.928% 01/01/2028
3136B0YM2 460,359.31 AA+ Aa1 04/03/25 04/08/25 447,303.81 4.07 1,123.28 450,551.69 452,227.06 FHMS K074 A2
DTD 03/01/2018 3.600% 01/01/2028
3137F4D41 499,482.23 AA+ Aa1 07/19/24 07/24/24 482,605.20 4.64 1,498.45 489,162.18 497,100.20 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 359,392.38 AA+ Aa1 12/06/23 12/14/23 359,389.50 4.86 1,454.94 359,391.56 365,593.33 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 371,442.28 AA+ Aa1 07/19/23 07/27/23 371,432.98 4.78 1,478.65 371,437.57 374,701.31 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 465,000.00 AA+ Aa1 07/13/23 07/20/23 469,644.42 4.59 1,867.36 467,339.22 474,375.80 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 448,636.91 AA+ Aa1 07/18/23 07/31/23 441,031.12 4.58 1,563.13 444,719.55 451,435.51 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 455,000.00 AA+ Aa1 10/11/23 10/19/23 445,019.12 5.25 1,797.25 449,218.29 464,460.82 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 470,000.00 AA+ Aa1 09/07/23 09/14/23 463,047.29 4.99 1,821.25 466,052.73 477,874.85 PFM Asset Management, a division of Account 97480000 Page 9 U.S. Bancorp Asset Management, Inc.

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Managed Account Detail of Securities Held For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 340,000.00 AA+ Aa1 10/25/23 10/31/23 329,159.78 5.60 1,374.17 333,476.26 348,396.64 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 455,000.00 AA+ Aa1 09/20/23 09/28/23 449,561.39 5.07 1,820.00 451,797.02 464,579.57 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 175,000.00 AA+ Aa1 11/14/23 11/21/23 174,494.08 5.14 739.23 174,694.67 179,934.13 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 265,000.00 AA+ Aa1 11/28/23 12/07/23 264,238.66 4.93 1,073.25 264,537.66 271,333.50 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 500,000.00 AA+ Aa1 06/03/24 06/06/24 492,187.50 4.95 1,905.00 494,674.57 508,481.50 FHMS K749 A2
DTD 05/01/2022 2.120% 03/01/2029
3137H74P5 550,000.00 AA+ Aa1 04/10/25 04/15/25 508,298.83 4.20 971.67 515,284.82 523,269.45 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 395,000.00 AA+ Aa1 07/16/24 07/25/24 397,425.69 4.58 1,553.67 396,792.18 403,943.59 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 472,402.61 AA+ Aa1 06/05/24 06/13/24 472,401.20 4.80 1,890.79 472,402.61 483,951.44 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 440,000.00 AA+ Aa1 08/07/24 08/15/24 444,115.76 4.33 1,665.77 443,060.19 447,773.04 FHMS K528 A2
DTD 09/01/2024 4.508% 07/01/2029
3137HFNZ4 500,000.00 AA+ Aa1 10/22/24 10/25/24 500,742.19 4.47 1,878.33 500,581.72 508,447.50 FHMS K529 A2
DTD 10/01/2024 4.791% 09/01/2029
3137HH6C0 295,000.00 AA+ Aa1 10/08/24 10/16/24 300,896.17 4.34 1,177.79 299,574.09 302,653.48 FHMS K124 A1
DTD 02/01/2021 0.964% 08/01/2030
3137F9CR0 557,661.66 AA+ Aa1 12/23/25 12/24/25 520,498.74 2.47 447.99 520,646.37 521,380.19 FHMS K551 A2
DTD 12/01/2025 4.165% 11/01/2030
3137HNWV6 335,000.00 AA+ Aa1 11/25/25 12/05/25 337,956.37 3.97 1,162.73 337,917.93 335,848.89 Security Type Sub-Total 9,564,377.37 9,392,850.77 4.56 32,317.84 9,443,785.11 9,606,704.41 PFM Asset Management, a division of Account 97480000 Page 10 U.S. Bancorp Asset Management, Inc.

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FEDERAL HOME LOAN BANK (CALLABLE)
DTD 02/10/2021 0.830% 02/10/2027
3130AKYH3 390,000.00 AA+ Aa1 08/18/22 08/19/22 349,287.90 3.36 1,267.83 379,916.74 377,608.14 Security Type Sub-Total 390,000.00 349,287.90 3.36 1,267.83 379,916.74 377,608.14 Corporate Note

CHARLES SCHWAB CORP (CALLABLE)
DTD 03/03/2022 2.450% 03/03/2027
808513BY0 250,000.00 A- A2 11/01/22 11/03/22 223,595.00 5.20 2,007.64 242,857.11 246,055.75

CITIBANK NA (CALLABLE)
DTD 05/29/2025 4.576% 05/29/2027
17325FBN7 250,000.00 A+ Aa3 05/22/25 05/29/25 250,057.50 4.56 1,016.89 250,040.46 252,549.50

AMERICAN HONDA FINANCE
DTD 07/10/2024 4.900% 07/09/2027
02665WFK2 110,000.00 A- A3 07/08/24 07/10/24 109,858.10 4.95 2,575.22 109,925.41 111,486.21

AMERICAN HONDA FINANCE
DTD 07/10/2024 4.900% 07/09/2027
02665WFK2 240,000.00 A- A3 08/22/24 08/23/24 243,309.60 4.38 5,618.67 241,802.52 243,242.64

BP CAP MARKETS AMERICA (CALLABLE)
DTD 05/17/2024 5.017% 11/17/2027
10373QBY5 250,000.00 A- A1 05/16/24 05/20/24 250,007.50 5.02 1,532.97 250,004.24 254,942.50

UBS AG STAMFORD CT (CALLABLE)
DTD 01/10/2025 4.864% 01/10/2028
90261AAD4 250,000.00 A+ Aa2 01/06/25 01/10/25 250,000.00 4.86 5,776.00 250,000.00 252,095.50

JPMORGAN CHASE & CO (CALLABLE)
DTD 01/23/2024 5.040% 01/23/2028
46647PEA0 200,000.00 A A1 01/16/24 01/23/24 200,000.00 5.04 4,424.00 200,000.00 202,069.80

CISCO SYSTEMS INC (CALLABLE)
DTD 02/24/2025 4.550% 02/24/2028
17275RBW1 120,000.00 AA- A1 02/20/25 02/24/25 119,990.40 4.55 1,926.17 119,993.20 121,949.40

CHEVRON USA INC (CALLABLE)
DTD 02/26/2025 4.475% 02/26/2028
166756BB1 440,000.00 AA- Aa2 02/24/25 02/26/25 440,000.00 4.48 6,836.81 440,000.00 446,842.88

STATE STREET CORP (CALLABLE)
DTD 02/28/2025 4.536% 02/28/2028
857477CU5 320,000.00 A Aa3 02/25/25 02/28/25 320,000.00 4.54 4,959.36 320,000.00 324,907.84

KENVUE INC (CALLABLE)
DTD 10/17/2023 5.050% 03/22/2028
49177JAF9 275,000.00 A A2 06/27/25 06/30/25 281,492.75 4.12 3,819.06 280,311.24 280,953.20

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2 215,000.00 A A1 04/15/24 04/22/24 215,000.00 5.57 2,295.72 215,000.00 219,277.00 PFM Asset Management, a division of Account 97480000 Page 11 U.S. Bancorp Asset Management, Inc.

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BANK OF AMERICA CORP (CALLABLE)
DTD 04/24/2017 3.705% 04/24/2028
06051GGL7 125,000.00 A- A1 04/16/25 04/17/25 122,366.25 4.46 861.93 122,951.68 124,432.75 CINTAS CORPORATION NO. 2 (CALLABLE)
DTD 05/02/2025 4.200% 05/01/2028
17252MAR1 155,000.00 A- A3 04/28/25 05/02/25 154,801.60 4.25 1,085.00 154,843.60 155,769.42

CUMMINS INC (CALLABLE)
DTD 05/09/2025 4.250% 05/09/2028
231021AY2 25,000.00 A A2 05/06/25 05/09/25 24,982.50 4.28 153.47 24,986.09 25,194.85

ASTRAZENECA FINANCE LLC (CALLABLE)
DTD 05/28/2021 1.750% 05/28/2028
04636NAE3 200,000.00 A+ A1 05/06/25 05/07/25 185,772.00 4.26 320.83 188,646.22 191,122.40

HSBC USA INC
DTD 06/03/2025 4.650% 06/03/2028
40428HR95 400,000.00 A- A2 05/28/25 06/03/25 400,032.00 4.65 1,446.67 400,026.28 406,024.40

TARGET CORP (CALLABLE)
DTD 06/10/2025 4.350% 06/15/2028
87612EBU9 65,000.00 A A2 06/05/25 06/10/25 64,999.35 4.35 125.67 64,999.55 65,760.18

PACCAR FINANCIAL CORP
DTD 11/07/2025 4.000% 11/07/2028
69371RU20 115,000.00 A+ A1 11/05/25 11/07/25 114,935.60 4.02 690.00 114,938.67 115,537.63

ALPHABET INC (CALLABLE)
DTD 11/06/2025 3.875% 11/15/2028
02079KAV9 65,000.00 AA+ Aa2 11/03/25 11/06/25 64,944.10 3.91 384.81 64,946.82 65,317.07

ALPHABET INC (CALLABLE)
DTD 11/06/2025 3.875% 11/15/2028
02079KAV9 465,000.00 AA+ Aa2 11/04/25 11/06/25 465,609.15 3.83 2,752.86 465,580.13 467,268.27

LOCKHEED MARTIN CORP (CALLABLE)
DTD 01/29/2024 4.500% 02/15/2029
539830CC1 250,000.00 A- A2 03/05/24 03/07/24 246,890.00 4.78 4,250.00 247,951.15 253,900.00

ASTRAZENECA FINANCE LLC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
04636NAL7 145,000.00 A+ A1 02/21/24 02/26/24 144,847.75 4.87 2,441.84 144,899.88 148,873.67

MERCK & CO INC (CALLABLE)
DTD 03/07/2019 3.400% 03/07/2029
58933YAX3 305,000.00 A+ Aa3 11/21/25 11/24/25 299,689.95 3.97 3,283.83 299,846.26 300,140.13

KLA CORP (CALLABLE)
DTD 03/20/2019 4.100% 03/15/2029
482480AG5 395,000.00 A- A2 11/13/25 11/14/25 395,264.65 4.08 4,768.53 395,255.04 395,897.04

AMERICAN EXPRESS CO (CALLABLE)
DTD 04/25/2025 4.731% 04/25/2029
025816ED7 215,000.00 A- A2 04/21/25 04/25/25 215,000.00 4.73 1,864.80 215,000.00 218,298.75 PFM Asset Management, a division of Account 97480000 Page 12 U.S. Bancorp Asset Management, Inc.

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NORTHERN TRUST CORP (CALLABLE)
DTD 05/03/2019 3.150% 05/03/2029
665859AU8 410,000.00 A+ A2 12/19/25 12/22/25 399,245.70 3.99 2,080.75 399,321.30 399,223.15

BANK OF AMERICA CORP (CALLABLE)
DTD 05/09/2025 4.623% 05/09/2029
06051GMT3 250,000.00 A- A1 05/06/25 05/09/25 250,000.00 4.62 1,669.42 250,000.00 253,316.50

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 120,000.00 A A2 06/17/24 06/25/24 119,226.00 4.90 95.00 119,441.37 123,029.28

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 125,000.00 A A2 06/18/24 06/25/24 124,601.25 4.82 98.96 124,712.60 128,155.50

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 125,000.00 A A2 06/18/24 06/25/24 124,631.25 4.82 98.96 124,734.37 128,155.50

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 80,000.00 A+ Aa3 08/12/24 08/14/24 79,824.80 4.25 1,278.67 79,869.80 80,775.36

ACCENTURE CAPITAL INC (CALLABLE)
DTD 10/04/2024 4.050% 10/04/2029
00440KAB9 170,000.00 AA- Aa3 10/01/24 10/04/24 169,702.50 4.09 1,663.88 169,771.25 170,615.74

ACCENTURE CAPITAL INC (CALLABLE)
DTD 10/04/2024 4.050% 10/04/2029
00440KAB9 200,000.00 AA- Aa3 10/10/25 10/15/25 200,004.00 4.05 1,957.50 200,004.06 200,724.40

ELI LILLY & CO (CALLABLE)
DTD 02/12/2025 4.750% 02/12/2030
532457CV8 220,000.00 A+ Aa3 02/10/25 02/12/25 219,874.60 4.76 4,034.86 219,895.12 226,221.60

CISCO SYSTEMS INC (CALLABLE)
DTD 02/24/2025 4.750% 02/24/2030
17275RBX9 105,000.00 AA- A1 02/19/25 02/24/25 104,921.25 4.77 1,759.48 104,933.56 107,939.47

HERSHEY COMPANY (CALLABLE)
DTD 02/24/2025 4.750% 02/24/2030
427866BL1 200,000.00 A A1 02/19/25 02/24/25 199,648.00 4.79 3,351.39 199,702.39 205,417.60

CISCO SYSTEMS INC (CALLABLE)
DTD 02/24/2025 4.750% 02/24/2030
17275RBX9 300,000.00 AA- A1 02/20/25 02/24/25 300,198.00 4.74 5,027.08 300,167.61 308,398.50

STATE STREET CORP (CALLABLE)
DTD 02/28/2025 4.729% 02/28/2030
857477CW1 375,000.00 A Aa3 02/25/25 02/28/25 375,000.00 4.73 6,059.03 375,000.00 383,749.87

JOHNSON & JOHNSON (CALLABLE)
DTD 02/20/2025 4.700% 03/01/2030
478160DJ0 400,000.00 AAA Aaa 03/03/25 03/04/25 405,156.00 4.41 6,266.67 404,364.19 412,179.20 PFM Asset Management, a division of Account 97480000 Page 13 U.S. Bancorp Asset Management, Inc.

Page 177 of 1101 ends

BLACKROCK INC (CALLABLE)
DTD 01/27/2020 2.400% 04/30/2030
09247XAQ4 150,000.00 AA- Aa3 06/27/25 06/30/25 137,664.00 4.30 610.00 138,833.02 140,386.20

BLACKROCK INC (CALLABLE)
DTD 01/27/2020 2.400% 04/30/2030
09247XAQ4 285,000.00 AA- Aa3 06/26/25 06/27/25 261,607.20 4.30 1,159.00 263,857.36 266,733.78

TOYOTA MOTOR CREDIT CORP
DTD 05/15/2025 4.800% 05/15/2030
89236TNJ0 180,000.00 A+ A1 05/12/25 05/15/25 179,794.80 4.83 1,104.00 179,818.24 184,691.70

CITIBANK NA (CALLABLE)
DTD 05/29/2025 4.914% 05/29/2030
17325FBP2 250,000.00 A+ Aa3 05/21/25 05/29/25 250,000.00 4.91 1,092.00 250,000.00 257,177.25

JOHN DEERE CAPITAL CORP
DTD 06/05/2025 4.550% 06/05/2030
24422EYE3 175,000.00 A A1 06/02/25 06/05/25 174,907.25 4.56 575.07 174,917.37 177,927.75

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
032654BE4 385,000.00 A- A2 06/12/25 06/16/25 384,661.20 4.52 770.00 384,695.49 390,223.30

NOVARTIS CAPITAL CORP (CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
66989HAY4 470,000.00 AA- Aa3 11/03/25 11/05/25 468,590.00 4.17 2,997.56 468,631.71 469,498.98

SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 175,000.00 A+ Aa2 11/03/25 11/06/25 174,328.00 4.21 1,102.86 174,347.20 174,977.08

SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 355,000.00 A+ Aa2 11/04/25 11/06/25 353,952.75 4.19 2,237.24 353,982.02 354,953.50

META PLATFORMS INC (CALLABLE)
DTD 11/03/2025 4.200% 11/15/2030
30303MAB8 265,000.00 AA- Aa3 11/07/25 11/17/25 265,898.35 4.12 1,793.17 265,878.46 265,559.94

ALPHABET INC (CALLABLE)
DTD 11/06/2025 4.100% 11/15/2030
02079KAW7 265,000.00 AA+ Aa2 11/07/25 11/17/25 265,961.95 4.02 1,659.93 265,940.29 265,813.29

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 12/10/2025 4.300% 12/10/2030
63743HGC0 195,000.00 NR A2 12/01/25 12/10/25 194,816.70 4.32 489.13 194,818.69 195,445.58 Security Type Sub-Total 12,075,000.00 11,987,661.30 4.47 118,250.36 12,012,443.02 12,161,198.80 Certificate of Deposit

NATIXIS NY BRANCH
DTD 09/20/2023 5.610% 09/18/2026
63873QP65 340,000.00 A-1 P-1 09/18/23 09/20/23 340,000.00 5.61 5,563.25 340,000.00 344,275.50 PFM Asset Management, a division of Account 97480000 Page 14 U.S. Bancorp Asset Management, Inc.

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CREDIT AGRICOLE CIB NY
DTD 02/05/2024 4.760% 02/01/2027
22536DWD6 365,000.00 A+ A1 02/01/24 02/05/24 365,000.00 4.76 15,926.17 365,000.00 368,128.05 Security Type Sub-Total 705,000.00 705,000.00 5.17 21,489.42 705,000.00 712,403.55 Bank Note

MORGAN STANLEY BANK NA (CALLABLE)
DTD 01/18/2024 4.952% 01/14/2028
61690U8A1 500,000.00 A+ Aa3 04/30/24 05/03/24 492,900.00 5.38 11,485.89 495,917.79 504,680.00

MORGAN STANLEY BANK NA (CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
61690U8B9 250,000.00 A+ Aa3 05/29/24 05/30/24 250,302.50 5.47 1,337.78 250,148.19 254,987.75

TRUIST BANK (CALLABLE)
DTD 10/23/2025 4.136% 10/23/2029
89788JAH2 265,000.00 A A3 11/07/25 11/10/25 264,085.75 4.23 2,070.30 264,116.25 264,797.81 Security Type Sub-Total 1,015,000.00 1,007,288.25 5.10 14,893.97 1,010,182.23 1,024,465.56 Asset-Backed Security
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 27,767.37 AAA NR 07/12/22 07/20/22 27,766.71 3.97 48.99 27,767.19 27,766.48 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
14043GAD6 20,693.88 AAA Aaa 08/02/22 08/10/22 20,692.39 3.66 33.66 20,693.45 20,686.30 Security Type Sub-Total 48,461.24 48,459.10 3.84 82.65 48,460.64 48,452.78 Managed Account Sub-Total 53,442,838.62 52,244,245.12 4.10 380,411.24 52,738,266.11 53,249,348.46 $53,442,838.62 $52,244,245.12 4.10% $380,411.24 $52,738,266.11 $53,249,348.46 $53,629,759.70
$380,411.24
Total Investments
Accrued Interest
Securities Sub-Total
PFM Asset Management, a division of Account 97480000 Page 15 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CCP4 225,000.00 GoldmanS 98.32 221,225.63 3,371.14 (2,870.47) DTD 08/02/2021 0.625% 07/31/2026

0.57 4.13
US TREASURY N/B 91282CCZ2 1,000,000.00 MorganSt 98.03 980,268.00 (4,146.06) (17,321.89) DTD 09/30/2021 0.875% 09/30/2026

0.74 3.68
US TREASURY N/B 91282CDK4 125,000.00 BOFAML 97.95 122,440.63 1,322.46 (1,820.29) DTD 11/30/2021 1.250% 11/30/2026

0.90 3.66
US TREASURY N/B 91282CJT9 120,000.00 Nomura 100.48 120,575.40 1,147.27 892.46 DTD 01/16/2024 4.000% 01/15/2027

0.99 3.52
US TREASURY N/B 912828Z78 620,000.00 Nomura 97.86 606,752.46 38,459.49 4,466.49 DTD 01/31/2020 1.500% 01/31/2027

1.05 3.52
US TREASURY N/B 912828V98 600,000.00 Barclays 98.62 591,703.20 7,406.32 (4,475.86) DTD 02/15/2017 2.250% 02/15/2027

1.09 3.49
US TREASURY N/B 91282CEF4 500,000.00 MorganSt 98.76 493,808.50 20,761.62 4,724.39 DTD 03/31/2022 2.500% 03/31/2027

1.21 3.50
US TREASURY N/B 912828ZN3 125,000.00 Barclays 96.15 120,190.38 9,194.29 (1,075.24) DTD 04/30/2020 0.500% 04/30/2027

1.30 3.48
US TREASURY N/B 91282CEN7 375,000.00 Citigrou 99.03 371,367.38 0.19 (2,667.59) DTD 05/02/2022 2.750% 04/30/2027

1.29 3.48
US TREASURY N/B 912828X88 600,000.00 HSBC 98.49 590,953.20 5,414.14 (4,979.15) DTD 05/15/2017 2.375% 05/15/2027

1.33 3.49
US TREASURY N/B 91282CNE7 290,000.00 Nomura 100.51 291,483.93 1,472.60 1,474.85 DTD 06/02/2025 3.875% 05/31/2027

1.36 3.48
US TREASURY N/B 91282CET4 390,000.00 BMO 98.80 385,338.33 10,054.74 3,679.21 DTD 05/31/2022 2.625% 05/31/2027

1.37 3.48
US TREASURY N/B 912828ZS2 675,000.00 MorganSt 95.92 647,446.50 51,073.45 7,596.57 DTD 06/01/2020 0.500% 05/31/2027

1.39 3.48
US TREASURY N/B 91282CEW7 350,000.00 GoldmanS 99.66 348,797.05 (6,658.03) (2,862.00) DTD 06/30/2022 3.250% 06/30/2027

1.45 3.46
US TREASURY N/B 91282CFB2 500,000.00 MorganSt 98.87 494,355.50 (2,109.34) (4,527.52) DTD 08/01/2022 2.750% 07/31/2027

1.52 3.47
US TREASURY N/B 91282CAH4 430,000.00 BMO 95.22 409,440.84 30,520.14 7,151.87 DTD 08/31/2020 0.500% 08/31/2027

1.63 3.47
US TREASURY N/B 91282CAH4 480,000.00 BMO 95.22 457,050.24 16,631.49 (26.10) DTD 08/31/2020 0.500% 08/31/2027

1.63 3.47
PFM Asset Management, a division of Account 97480000 Page 16 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CAH4 1,200,000.00 WellsFar 95.22 1,142,625.60 64,547.47 10,204.43 DTD 08/31/2020 0.500% 08/31/2027

1.63 3.47
US TREASURY N/B 91282CPB1 285,000.00 BMO 100.02 285,055.57 66.70 65.61 DTD 09/30/2025 3.500% 09/30/2027

1.67 3.46
US TREASURY N/B 91282CAL5 600,000.00 Nomura 94.79 568,711.20 29,203.39 5,682.25 DTD 09/30/2020 0.375% 09/30/2027

1.72 3.46
US TREASURY N/B 91282CFU0 100,000.00 JPMorgan 101.11 101,109.40 (199.19) 620.78 DTD 10/31/2022 4.125% 10/31/2027

1.74 3.47
US TREASURY N/B 91282CFU0 500,000.00 BOFAML 101.11 505,547.00 2,324.34 4,323.16 DTD 10/31/2022 4.125% 10/31/2027

1.74 3.47
US TREASURY N/B 9128283F5 410,000.00 BMO 97.78 400,903.33 12,059.97 4,628.00 DTD 11/15/2017 2.250% 11/15/2027

1.81 3.47
US TREASURY N/B 91282CFZ9 420,000.00 JPMorgan 100.71 422,985.78 1,460.00 2,400.30 DTD 11/30/2022 3.875% 11/30/2027

1.83 3.46
US TREASURY N/B 91282CGH8 450,000.00 JPMorgan 100.02 450,087.75 2,917.83 1,266.95 DTD 01/31/2023 3.500% 01/31/2028

1.96 3.46
US TREASURY N/B 9128283W8 1,800,000.00 SGAS 98.49 1,772,859.60 30,656.47 9,289.50 DTD 02/15/2018 2.750% 02/15/2028

2.02 3.46
US TREASURY N/B 91282CGT2 750,000.00 JPMorgan 100.27 751,992.00 (2,343.94) 10.13 DTD 03/31/2023 3.625% 03/31/2028

2.12 3.47
US TREASURY N/B 91282CHA2 385,000.00 CABRERA 99.98 384,939.94 1,834.86 822.99 DTD 05/01/2023 3.500% 04/30/2028

2.21 3.47
US TREASURY N/B 9128284N7 725,000.00 BOFAML 98.57 714,662.95 16,114.12 2,248.35 DTD 05/15/2018 2.875% 05/15/2028

2.26 3.47
US TREASURY N/B 91282CHE4 750,000.00 JPMorgan 100.26 751,962.75 4,482.28 3,179.03 DTD 05/31/2023 3.625% 05/31/2028

2.29 3.48
US TREASURY N/B 91282CCR0 75,000.00 WellsFar 93.83 70,371.08 2,947.25 628.45 DTD 08/02/2021 1.000% 07/31/2028

2.50 3.49
US TREASURY N/B 91282CHX2 250,000.00 Barclays 102.11 255,283.25 5,849.66 5,587.23 DTD 08/31/2023 4.375% 08/31/2028

2.47 3.50
US TREASURY N/B 91282CHX2 1,300,000.00 Barclays 102.11 1,327,472.90 19,195.56 21,568.01 DTD 08/31/2023 4.375% 08/31/2028

2.47 3.50
US TREASURY N/B 91282CCY5 900,000.00 Nomura 94.07 846,597.60 38,671.82 14,211.53 DTD 09/30/2021 1.250% 09/30/2028

2.65 3.50
PFM Asset Management, a division of Account 97480000 Page 17 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CPC9 395,000.00 WellsFar 99.90 394,598.68 (0.15) (11.78) DTD 10/15/2025 3.500% 10/15/2028

2.62 3.50
US TREASURY N/B 91282CDL2 515,000.00 BNPPSA 94.38 486,071.42 27,339.19 4,480.41 DTD 11/30/2021 1.500% 11/30/2028

2.81 3.51
US TREASURY N/B 91282CEM9 225,000.00 Citigrou 97.79 220,025.48 4,684.66 2,244.49 DTD 05/02/2022 2.875% 04/30/2029

3.13 3.55
US TREASURY N/B 91282CKT7 360,000.00 JPMorgan 102.88 370,350.00 4,556.25 5,831.81 DTD 05/31/2024 4.500% 05/31/2029

3.14 3.55
US TREASURY N/B 91282CKX8 170,000.00 BMO 102.11 173,592.61 1,421.13 1,649.95 DTD 07/01/2024 4.250% 06/30/2029

3.23 3.56
US TREASURY N/B 91282CFJ5 1,500,000.00 Nomura 98.31 1,474,687.50 23,027.34 16,910.20 DTD 08/31/2022 3.125% 08/31/2029

3.40 3.58
US TREASURY N/B 91282CFL0 235,000.00 Citigrou 100.86 237,028.76 (1,459.52) (644.57) DTD 09/30/2022 3.875% 09/30/2029

3.43 3.58
US TREASURY N/B 91282CLR0 500,000.00 JPMorgan 101.71 508,554.50 8,554.50 8,554.50 DTD 10/31/2024 4.125% 10/31/2029

3.50 3.59
US TREASURY N/B 91282CMA6 125,000.00 HSBC 101.73 127,158.25 1,103.56 1,203.95 DTD 12/02/2024 4.125% 11/30/2029

3.58 3.60
US TREASURY N/B 91282CFY2 850,000.00 MorganSt 100.84 857,105.15 23,972.34 21,079.06 DTD 11/30/2022 3.875% 11/30/2029

3.60 3.59
US TREASURY N/B 91282CGB1 770,000.00 Barclays 100.85 776,527.29 23,130.41 20,127.59 DTD 01/03/2023 3.875% 12/31/2029

3.68 3.60
US TREASURY N/B 91282CGJ4 20,000.00 WellsFar 99.43 19,885.16 390.63 312.04 DTD 01/31/2023 3.500% 01/31/2030

3.72 3.61
US TREASURY N/B 912828Z94 615,000.00 RBS 91.85 564,887.34 14,726.60 5,541.27 DTD 02/18/2020 1.500% 02/15/2030

3.92 3.60
US TREASURY N/B 91282CGS4 465,000.00 BNP Sec 99.81 464,128.13 9,063.87 7,872.50 DTD 03/31/2023 3.625% 03/31/2030

3.87 3.62
US TREASURY N/B 91282CHJ3 900,000.00 BMO 100.24 902,144.70 11,601.73 10,887.66 DTD 06/30/2023 3.750% 06/30/2030

4.11 3.64
US TREASURY N/B 91282CNN7 930,000.00 BMO 100.74 936,866.19 1,453.30 1,777.25 DTD 07/31/2025 3.875% 07/31/2030

4.11 3.65
US TREASURY N/B 91282CHW4 90,000.00 TD Secur 101.76 91,582.02 (193.37) (113.47) DTD 08/31/2023 4.125% 08/31/2030

4.17 3.66
PFM Asset Management, a division of Account 97480000 Page 18 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CHZ7 860,000.00 WellsFar 103.91 893,661.26 (805.93) 185.36 DTD 10/02/2023 4.625% 09/30/2030

4.21 3.66
US TREASURY N/B 91282CPD7 1,200,000.00 RBC Capi 99.58 1,194,937.20 (5,578.43) (5,574.22) DTD 10/31/2025 3.625% 10/31/2030

4.38 3.67
Security Type Sub-Total 29,030,000.00 28,700,156.51 560,692.61 176,410.43 2.48 3.54 Supra-National Agency Bond / Note
INTL FINANCE CORP 45950KDF4 235,000.00 WellsFar 100.71 236,665.92 2,432.02 1,933.63 DTD 12/06/2023 4.375% 01/15/2027

0.99 3.65
Security Type Sub-Total 235,000.00 236,665.92 2,432.02 1,933.63 0.99 3.65 Municipal Bond / Note
LOS ANGELES UN SD-B 544647FC9 150,000.00 Barclays 98.95 148,419.90 (1,580.10) (1,580.10) DTD 11/10/2021 1.455% 07/01/2026

0.49 3.60
CA ST UNIV TRUSTEES - 13077DTC6 110,000.00 Barclays 100.92 111,014.97 1,014.97 1,014.97 DTD 08/09/2023 4.755% 11/01/2026

0.81 3.62
LOS ANGELES UNIF SD-B 544647KY5 120,000.00 RaymondJ 101.88 122,257.92 2,257.92 2,257.92 DTD 05/13/2025 4.423% 07/01/2028

2.35 3.60
Security Type Sub-Total 380,000.00 381,692.79 1,692.79 1,692.79 1.18 3.61 Federal Agency Commercial Mortgage-Backed Security
FHMS K065 A2 3137F1G44 500,000.00 Citigrou 99.26 496,308.50 17,187.41 3,418.13 DTD 07/01/2017 3.243% 04/01/2027

1.19 3.68
FHMS K070 A2 3137FCJK1 255,000.00 PNCBank 99.07 252,634.11 10,354.23 5,052.25 DTD 12/01/2017 3.303% 11/01/2027

1.70 3.71
FNA 2018-M2 A2 3136B0YM2 460,359.31 Citigrou 98.23 452,227.06 4,923.25 1,675.37 DTD 02/01/2018 2.928% 01/01/2028

1.79 3.84
FHMS K074 A2 3137F4D41 499,482.23 Barclays 99.52 497,100.20 14,495.00 7,938.02 DTD 03/01/2018 3.600% 01/01/2028

1.90 3.72
FHMS KJ48 A1 3137HBC69 359,392.38 JPMorgan 101.73 365,593.33 6,203.83 6,201.77 DTD 12/01/2023 4.858% 05/01/2028

1.97 3.83
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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Commercial Mortgage-Backed Security
FHMS KJ46 A1 3137HAD45 371,442.28 JPMorgan 100.88 374,701.31 3,268.33 3,263.74 DTD 07/01/2023 4.777% 06/01/2028

1.41 3.94
FHMS K505 A2 3137HACX2 465,000.00 JPMorgan 102.02 474,375.80 4,731.38 7,036.58 DTD 07/01/2023 4.819% 06/01/2028

2.21 3.77
FNA 2023-M6 A2 3136BQDE6 448,636.91 JPMorgan 100.62 451,435.51 10,404.39 6,715.96 DTD 07/01/2023 4.181% 07/01/2028

2.34 3.79
FHMS K508 A2 3137HAQ74 455,000.00 BMO 102.08 464,460.82 19,441.70 15,242.53 DTD 10/01/2023 4.740% 08/01/2028

2.39 3.79
FHMS K506 A2 3137HAMH6 470,000.00 WellsFar 101.68 477,874.85 14,827.56 11,822.12 DTD 09/01/2023 4.650% 08/01/2028

2.36 3.81
FHMS K509 A2 3137HAST4 340,000.00 MorganSt 102.47 348,396.64 19,236.86 14,920.38 DTD 10/01/2023 4.850% 09/01/2028

2.47 3.73
FHMS K507 A2 3137HAMS2 455,000.00 BOFAML 102.11 464,579.57 15,018.18 12,782.55 DTD 09/01/2023 4.800% 09/01/2028

2.42 3.81
FHMS K510 A2 3137HB3D4 175,000.00 JPMorgan 102.82 179,934.13 5,440.05 5,239.46 DTD 11/01/2023 5.069% 10/01/2028

2.50 3.82
FHMS K511 A2 3137HB3G7 265,000.00 BOFAML 102.39 271,333.50 7,094.84 6,795.84 DTD 12/01/2023 4.860% 10/01/2028

2.53 3.80
FHMS K514 A2 3137HBLV4 500,000.00 BMO 101.70 508,481.50 16,294.00 13,806.93 DTD 02/01/2024 4.572% 12/01/2028

2.62 3.81
FHMS K749 A2 3137H74P5 550,000.00 Barclays 95.14 523,269.45 14,970.62 7,984.63 DTD 05/01/2022 2.120% 03/01/2029

2.85 3.78
FHMS K524 A2 3137HDV56 395,000.00 PIER 102.26 403,943.59 6,517.90 7,151.41 DTD 07/01/2024 4.720% 05/01/2029

3.06 3.88
FHMS K522 A2 3137HDJJ0 472,402.61 MorganSt 102.44 483,951.44 11,550.24 11,548.83 DTD 06/01/2024 4.803% 05/01/2029

2.93 3.87
FHMS K526 A2 3137HDXL9 440,000.00 BMO 101.77 447,773.04 3,657.28 4,712.85 DTD 08/01/2024 4.543% 07/01/2029

3.21 3.89
FHMS K528 A2 3137HFNZ4 500,000.00 MorganSt 101.69 508,447.50 7,705.31 7,865.78 DTD 09/01/2024 4.508% 07/01/2029

3.22 3.89
FHMS K529 A2 3137HH6C0 295,000.00 MorganSt 102.59 302,653.48 1,757.31 3,079.39 DTD 10/01/2024 4.791% 09/01/2029

3.32 3.92
FHMS K124 A1 3137F9CR0 557,661.66 IFP 93.49 521,380.19 881.45 733.82 DTD 02/01/2021 0.964% 08/01/2030

2.33 3.79
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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Commercial Mortgage-Backed Security
FHMS K551 A2 3137HNWV6 335,000.00 BMO 100.25 335,848.89 (2,107.48) (2,069.04) DTD 12/01/2025 4.165% 11/01/2030

4.34 4.02
Security Type Sub-Total 9,564,377.37 9,606,704.41 213,853.64 162,919.30 2.47 3.82 Federal Agency Bond / Note
FEDERAL HOME LOAN BANK (CALLABLE) 3130AKYH3 390,000.00 TD Secur 02/10/26 96.82 377,608.14 28,320.24 (2,308.60) DTD 02/10/2021 0.830% 02/10/2027

1.08 3.78
Security Type Sub-Total 390,000.00 377,608.14 28,320.24 (2,308.60) 1.08 3.78 Corporate Note
CHARLES SCHWAB CORP (CALLABLE) 808513BY0 250,000.00 Citigrou 02/03/27 98.42 246,055.75 22,460.75 3,198.64 DTD 03/03/2022 2.450% 03/03/2027

1.12 3.83
CITIBANK NA (CALLABLE) 17325FBN7 250,000.00 CIDLY 04/29/27 101.02 252,549.50 2,492.00 2,509.04 DTD 05/29/2025 4.576% 05/29/2027

1.29 3.80
AMERICAN HONDA FINANCE 02665WFK2 110,000.00 Barclays 101.35 111,486.21 1,628.11 1,560.80 DTD 07/10/2024 4.900% 07/09/2027

1.42 3.96
AMERICAN HONDA FINANCE 02665WFK2 240,000.00 Deutsche 101.35 243,242.64 (66.96) 1,440.12 DTD 07/10/2024 4.900% 07/09/2027

1.42 3.96
BP CAP MARKETS AMERICA (CALLABLE) 10373QBY5 250,000.00 BNP Sec 10/17/27 101.98 254,942.50 4,935.00 4,938.26 DTD 05/17/2024 5.017% 11/17/2027

1.71 3.88
UBS AG STAMFORD CT (CALLABLE) 90261AAD4 250,000.00 UBSS 01/10/27 100.84 252,095.50 2,095.50 2,095.50 DTD 01/10/2025 4.864% 01/10/2028

0.97 4.24
JPMORGAN CHASE & CO (CALLABLE) 46647PEA0 200,000.00 JPMorgan 01/23/27 101.03 202,069.80 2,069.80 2,069.80 DTD 01/23/2024 5.040% 01/23/2028

1.00 4.48
CISCO SYSTEMS INC (CALLABLE) 17275RBW1 120,000.00 Deutsche 01/24/28 101.62 121,949.40 1,959.00 1,956.20 DTD 02/24/2025 4.550% 02/24/2028

1.95 3.74
CHEVRON USA INC (CALLABLE) 166756BB1 440,000.00 JPMorgan 01/26/28 101.56 446,842.88 6,842.88 6,842.88 DTD 02/26/2025 4.475% 02/26/2028

1.96 3.68
STATE STREET CORP (CALLABLE) 857477CU5 320,000.00 GoldmanS 01/28/28 101.53 324,907.84 4,907.84 4,907.84 DTD 02/28/2025 4.536% 02/28/2028

1.96 3.75
KENVUE INC (CALLABLE) 49177JAF9 275,000.00 JPMorgan 02/22/28 102.16 280,953.20 (539.55) 641.96 DTD 10/17/2023 5.050% 03/22/2028

2.01 3.99
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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
JPMORGAN CHASE & CO (CALLABLE) 46647PEE2 215,000.00 JPMorgan 04/22/27 101.99 219,277.00 4,277.00 4,277.00 DTD 04/22/2024 5.571% 04/22/2028

1.24 4.29
BANK OF AMERICA CORP (CALLABLE) 06051GGL7 125,000.00 Deutsche 04/24/27 99.55 124,432.75 2,066.50 1,481.07 DTD 04/24/2017 3.705% 04/24/2028

1.26 4.63
CINTAS CORPORATION NO. 2 (CALLABLE) 17252MAR1 155,000.00 MUFG 04/01/28 100.50 155,769.42 967.82 925.82 DTD 05/02/2025 4.200% 05/01/2028

2.15 3.94
CUMMINS INC (CALLABLE) 231021AY2 25,000.00 JPMorgan 04/09/28 100.78 25,194.85 212.35 208.76 DTD 05/09/2025 4.250% 05/09/2028

2.17 3.86
ASTRAZENECA FINANCE LLC (CALLABLE) 04636NAE3 200,000.00 SMBC 03/28/28 95.56 191,122.40 5,350.40 2,476.18 DTD 05/28/2021 1.750% 05/28/2028

2.31 3.72
HSBC USA INC 40428HR95 400,000.00 UBSS 101.51 406,024.40 5,992.40 5,998.12 DTD 06/03/2025 4.650% 06/03/2028

2.27 3.95
TARGET CORP (CALLABLE) 87612EBU9 65,000.00 GoldmanS 05/15/28 101.17 65,760.18 760.83 760.63 DTD 06/10/2025 4.350% 06/15/2028

2.26 3.82
PACCAR FINANCIAL CORP 69371RU20 115,000.00 MUFG 100.47 115,537.63 602.03 598.96 DTD 11/07/2025 4.000% 11/07/2028

2.66 3.79
ALPHABET INC (CALLABLE) 02079KAV9 65,000.00 HSBC 10/15/28 100.49 65,317.07 372.97 370.25 DTD 11/06/2025 3.875% 11/15/2028

2.65 3.66
ALPHABET INC (CALLABLE) 02079KAV9 465,000.00 JPMorgan 10/15/28 100.49 467,268.27 1,659.12 1,688.14 DTD 11/06/2025 3.875% 11/15/2028

2.65 3.66
LOCKHEED MARTIN CORP (CALLABLE) 539830CC1 250,000.00 JPMorgan 01/15/29 101.56 253,900.00 7,010.00 5,948.85 DTD 01/29/2024 4.500% 02/15/2029

2.81 3.91
ASTRAZENECA FINANCE LLC (CALLABLE) 04636NAL7 145,000.00 Citigrou 01/26/29 102.67 148,873.67 4,025.92 3,973.79 DTD 02/26/2024 4.850% 02/26/2029

2.82 3.90
MERCK & CO INC (CALLABLE) 58933YAX3 305,000.00 GoldmanS 12/07/28 98.41 300,140.13 450.18 293.87 DTD 03/07/2019 3.400% 03/07/2029

2.88 3.92
KLA CORP (CALLABLE) 482480AG5 395,000.00 JPMorgan 12/15/28 100.23 395,897.04 632.39 642.00 DTD 03/20/2019 4.100% 03/15/2029

2.84 3.98
AMERICAN EXPRESS CO (CALLABLE) 025816ED7 215,000.00 MorganSt 04/25/28 101.53 218,298.75 3,298.75 3,298.75 DTD 04/25/2025 4.731% 04/25/2029

2.16 4.30
NORTHERN TRUST CORP (CALLABLE) 665859AU8 410,000.00 HSBC 02/03/29 97.37 399,223.15 (22.55) (98.15) DTD 05/03/2019 3.150% 05/03/2029

3.07 3.95
BANK OF AMERICA CORP (CALLABLE) 06051GMT3 250,000.00 BOFAML 05/09/28 101.33 253,316.50 3,316.50 3,316.50 DTD 05/09/2025 4.623% 05/09/2029

2.20 4.25
PFM Asset Management, a division of Account 97480000 Page 22 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
HOME DEPOT INC (CALLABLE) 437076DC3 120,000.00 MorganSt 05/25/29 102.52 123,029.28 3,803.28 3,587.91 DTD 06/25/2024 4.750% 06/25/2029

3.14 3.92
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 HSBC 05/25/29 102.52 128,155.50 3,554.25 3,442.90 DTD 06/25/2024 4.750% 06/25/2029

3.14 3.92
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 MAXE 05/25/29 102.52 128,155.50 3,524.25 3,421.13 DTD 06/25/2024 4.750% 06/25/2029

3.14 3.92
ELI LILLY & CO (CALLABLE) 532457CQ9 80,000.00 MorganSt 07/14/29 100.97 80,775.36 950.56 905.56 DTD 08/14/2024 4.200% 08/14/2029

3.25 3.88
ACCENTURE CAPITAL INC (CALLABLE) 00440KAB9 170,000.00 JPMorgan 09/04/29 100.36 170,615.74 913.24 844.49 DTD 10/04/2024 4.050% 10/04/2029

3.40 3.90
ACCENTURE CAPITAL INC (CALLABLE) 00440KAB9 200,000.00 JPMorgan 09/04/29 100.36 200,724.40 720.40 720.34 DTD 10/04/2024 4.050% 10/04/2029

3.40 3.90
ELI LILLY & CO (CALLABLE) 532457CV8 220,000.00 GoldmanS 01/12/30 102.83 226,221.60 6,347.00 6,326.48 DTD 02/12/2025 4.750% 02/12/2030

3.62 3.95
CISCO SYSTEMS INC (CALLABLE) 17275RBX9 105,000.00 WellsFar 01/24/30 102.80 107,939.47 3,018.22 3,005.91 DTD 02/24/2025 4.750% 02/24/2030

3.66 3.96
HERSHEY COMPANY (CALLABLE) 427866BL1 200,000.00 JPMorgan 01/24/30 102.71 205,417.60 5,769.60 5,715.21 DTD 02/24/2025 4.750% 02/24/2030

3.65 3.99
CISCO SYSTEMS INC (CALLABLE) 17275RBX9 300,000.00 CIDLY 01/24/30 102.80 308,398.50 8,200.50 8,230.89 DTD 02/24/2025 4.750% 02/24/2030

3.66 3.96
STATE STREET CORP (CALLABLE) 857477CW1 375,000.00 GoldmanS 01/28/30 102.33 383,749.87 8,749.87 8,749.87 DTD 02/28/2025 4.729% 02/28/2030

3.67 4.06
JOHNSON & JOHNSON (CALLABLE) 478160DJ0 400,000.00 JANE 02/01/30 103.04 412,179.20 7,023.20 7,815.01 DTD 02/20/2025 4.700% 03/01/2030

3.68 3.85
BLACKROCK INC (CALLABLE) 09247XAQ4 150,000.00 MorganSt 01/30/30 93.59 140,386.20 2,722.20 1,553.18 DTD 01/27/2020 2.400% 04/30/2030

4.01 3.98
BLACKROCK INC (CALLABLE) 09247XAQ4 285,000.00 SUSQ 01/30/30 93.59 266,733.78 5,126.58 2,876.42 DTD 01/27/2020 2.400% 04/30/2030

4.01 3.98
TOYOTA MOTOR CREDIT CORP 89236TNJ0 180,000.00 JPMorgan 102.61 184,691.70 4,896.90 4,873.46 DTD 05/15/2025 4.800% 05/15/2030

3.90 4.10
CITIBANK NA (CALLABLE) 17325FBP2 250,000.00 Citigrou 04/29/30 102.87 257,177.25 7,177.25 7,177.25 DTD 05/29/2025 4.914% 05/29/2030

3.90 4.15
JOHN DEERE CAPITAL CORP 24422EYE3 175,000.00 Citigrou 101.67 177,927.75 3,020.50 3,010.38 DTD 06/05/2025 4.550% 06/05/2030

3.98 4.09
PFM Asset Management, a division of Account 97480000 Page 23 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
ANALOG DEVICES INC (CALLABLE) 032654BE4 385,000.00 BOFAML 05/15/30 101.36 390,223.30 5,562.10 5,527.81 DTD 06/16/2025 4.500% 06/15/2030

3.97 4.11
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 470,000.00 JPMorgan 10/05/30 99.89 469,498.98 908.98 867.27 DTD 11/05/2025 4.100% 11/05/2030

4.31 4.07
SHELL FINANCE US INC (CALLABLE) 822905AN5 175,000.00 MorganSt 10/06/30 99.99 174,977.08 649.08 629.88 DTD 11/06/2025 4.125% 11/06/2030

4.31 4.05
SHELL FINANCE US INC (CALLABLE) 822905AN5 355,000.00 MorganSt 10/06/30 99.99 354,953.50 1,000.75 971.48 DTD 11/06/2025 4.125% 11/06/2030

4.31 4.05
META PLATFORMS INC (CALLABLE) 30303MAB8 265,000.00 RBC Capi 10/15/30 100.21 265,559.94 (338.41) (318.52) DTD 11/03/2025 4.200% 11/15/2030

4.32 4.09
ALPHABET INC (CALLABLE) 02079KAW7 265,000.00 BOFAML 10/15/30 100.31 265,813.29 (148.66) (127.00) DTD 11/06/2025 4.100% 11/15/2030

4.34 3.99
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HGC0 195,000.00 BMO 11/10/30 100.23 195,445.58 628.88 626.89 DTD 12/10/2025 4.300% 12/10/2030

4.39 4.22
Security Type Sub-Total 12,075,000.00 12,161,198.80 173,537.50 148,755.78 2.92 3.98 Certificate of Deposit
NATIXIS NY BRANCH 63873QP65 340,000.00 WellsFar 101.26 344,275.50 4,275.50 4,275.50 DTD 09/20/2023 5.610% 09/18/2026

0.71 4.04
CREDIT AGRICOLE CIB NY 22536DWD6 365,000.00 CRAG 100.86 368,128.05 3,128.05 3,128.05 DTD 02/05/2024 4.760% 02/01/2027

1.02 3.91
Security Type Sub-Total 705,000.00 712,403.55 7,403.55 7,403.55 0.87 3.97 Bank Note
MORGAN STANLEY BANK NA (CALLABLE) 61690U8A1 500,000.00 JANE 01/14/27 100.94 504,680.00 11,780.00 8,762.21 DTD 01/18/2024 4.952% 01/14/2028

0.98 4.42
MORGAN STANLEY BANK NA (CALLABLE) 61690U8B9 250,000.00 BOFAML 05/26/27 102.00 254,987.75 4,685.25 4,839.56 DTD 05/30/2024 5.504% 05/26/2028

1.33 4.26
TRUIST BANK (CALLABLE) 89788JAH2 265,000.00 RBC Capi 10/23/28 99.92 264,797.81 712.06 681.56 DTD 10/23/2025 4.136% 10/23/2029

2.62 4.27
Security Type Sub-Total 1,015,000.00 1,024,465.56 17,177.31 14,283.33 1.49 4.34 PFM Asset Management, a division of Account 97480000 Page 24 U.S. Bancorp Asset Management, Inc.

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Managed Account Fair Market Value & Analytics For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
CARMX 2022-3 A3 14318MAD1 27,767.37 RBC Capi 100.00 27,766.48 (0.23) (0.71) DTD 07/20/2022 3.970% 04/15/2027

0.10 3.78
COPAR 2022-2 A3 14043GAD6 20,693.88 JPMorgan 99.96 20,686.30 (6.09) (7.15) DTD 08/10/2022 3.660% 05/17/2027

0.17 3.75
Security Type Sub-Total 48,461.24 48,452.78 (6.32) (7.86) 0.13 3.77 Managed Account Sub-Total 53,442,838.62 53,249,348.46 1,005,103.34 511,082.35 2.51 3.71 Total Investments $53,629,759.70
$380,411.24
$53,249,348.46
Accrued Interest
Securities Sub-Total $53,442,838.62 $1,005,103.34 $511,082.35 2.51 3.71% PFM Asset Management, a division of Account 97480000 Page 25 U.S. Bancorp Asset Management, Inc.

Page 189 of 1101 ends

Managed Account Security Transactions & Interest For the Month Ending December 31, 2025 CITY OF YORBA LINDA - 97480000
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
12/05/25 FHMS K551 A2
DTD 12/01/2025 4.165% 11/01/2030
11/25/25 3137HNWV6 335,000.00 (337,956.37) (155.03) (338,111.40) 12/04/25 US TREASURY N/B
DTD 10/31/2025 3.625% 10/31/2030
12/01/25 91282CPD7 1,200,000.00 (1,200,515.63) (4,085.64) (1,204,601.27) 12/10/25 NATIONAL RURAL UTIL COOP
(CALLABLE)
DTD 12/10/2025 4.300% 12/10/2030
12/01/25 63743HGC0 195,000.00 (194,816.70) 0.00 (194,816.70) 12/03/25 US TREASURY N/B
DTD 10/15/2025 3.500% 10/15/2028
12/02/25 91282CPC9 395,000.00 (394,598.83) (1,861.06) (396,459.89) 12/22/25 NORTHERN TRUST CORP (CALLABLE)
DTD 05/03/2019 3.150% 05/03/2029
12/19/25 665859AU8 410,000.00 (399,245.70) (1,757.88) (401,003.58) 12/24/25 FHMS K124 A1
DTD 02/01/2021 0.964% 08/01/2030
12/23/25 3137F9CR0 557,661.66 (520,498.74) (343.46) (520,842.20) Transaction Type Sub-Total 3,092,661.66 (3,047,631.97) (8,203.07) (3,055,835.04)

INTEREST
12/01/25 MONEY MARKET FUND
DTD 01/01/2010 0.000% --
12/01/25 MONEY0002 0.00 1,452.69 1,452.69
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12/25/25 FHMS K524 A2
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12/25/25 FHMS K522 A2
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12/01/25 3136B0YM2 0.00 1,124.79 1,124.79
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12/25/25 FHMS KJ46 A1
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12/01/25 3137HAD45 0.00 1,480.71 1,480.71
12/25/25 FHMS K064 A2
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12/25/25 FHMS K509 A2
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PFM Asset Management, a division of Account 97480000 Page 26 U.S. Bancorp Asset Management, Inc.

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INTEREST
12/25/25 FHMS K529 A2
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INTEREST
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PAYDOWNS
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ADMINISTRATION DEPARTMENT
DATE: APRIL 21, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: PETER GRANT, CITY MANAGER
PREPARED BY: ALLISON ESTES, ASSISTANT TO THE CITY MANAGER SUBJECT: APPROVE AN ANIMAL CARE SERVICES AGREEMENT WITH THE

COUNTY OF ORANGE

RECOMMENDATION
Approve a five-year animal care services agreement with the County of Orange.

SUMMARY
The recommended agreement extends the City’s animal care partnership with the County of Orange for five years (July 1, 2026 through June 2031). There are no substantive changes from the about-to-expire 10-year agreement. The agreement ensures Yorba Linda continues to receive animal care, control, and shelter services in compliance with State and local law.

The agreement allows for service levels to be adjusted as needed.

DISCUSSION
The City has contracted with the County for animal care services since 1989. The current agreement, approved in 2016, provided for the construction of the County animal shelter in Tustin. Yorba Linda contributed approximately $530,000 toward the shelter, and the City has vested interest in continued access to shelter and its services.

From FY 2024/25 to the last twelve months, dead animal pickups decreased from 292 to 251, and investigations from 344 to 252. Wild animal services decreased from 371 to 352, and barking dog complaints from 113 to 104. Animal charge days increased from 1,509 to 1,657. Pet licenses totaled 9,051 in FY 2024/25; 8,658 have been issued through the first nine months of FY 2025/26. Digital canvassing has increased licensing activity, generating 1,808 new license billings in FY 2024/25 compared to 1,022 in FY 2018/19 under the prior in-person approach.

The recommended agreement is the result of negotiations between the 14 cities that contract with the County for animal care services and OC Animal Care (OCAC). The Board of Supervisors approved the agreement in February. The recommended agreement maintains the existing scope of services and the cost structure. It has been enhanced with stabilized billing, options for flexible services (e.g., barking dog and off-leash dog

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APPROVE AN ANIMAL CARE SERVICES AGREEMENT WITH THE COUNTY OF ORANGE P a g e | 2
enforcement), and a process for additional cities to contract with the County (which would lower overhead and shelter costs).

The Notice of Intent (NOI) is an annual process through which the County provides estimated service costs for the upcoming fiscal year based on service and revenue data.

Final costs are based on actual services provided, offset by revenues. The City’s actual net cost for the fiscal year may be higher or lower than the NOI. The cost for animal care and shelter services for FY 2026-27 is $365,422. A 20% contingency ($73,000) is recommended to account for fluctuations in service demand, particularly animal hoarding, which can dramatically increase a contracting city’s costs. A funding request for this contingency would be recommended to the City Council as part of the Mid-Term Budget adjustments to cover unexpected service costs.

FISCAL IMPACT
Sufficient funding is included in the FY 2026-27 Budget (1010710-430100).

ALTERNATIVES
Do not approve the agreement and provide alternative direction.

ATTACHMENTS

1. Agreement for Provision of OC Animal Care Services with the County of Orange

2. OC Animal Care - Notice of Intent FY 2026-27

3. OCAC Fiscal Year Comparison

4. OC Animal Care Services Fact Sheet

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AGREEMENT FOR PROVISION OF

OC ANIMAL CARE SERVICES

BETWEEN

COUNTY OF ORANGE
AND

CITY OF YORBA LINDA
MAY 31, 2026 THROUGH MAY 30, 2031
THIS AGREEMENT entered into this 31st day of May, 2026, which date is enumerated for purposes of reference only, is by and between the COUNTY OF ORANGE, a political subdivision of the State of California (“COUNTY”) and the CITY OF YORBA LINDA (“CITY”). This AGREEMENT shall be administered by County of Orange OC Community Resources (“ADMINISTRATOR”). COUNTY and CITY may be referred to individually as a “PARTY” and collectively as the “PARTIES.” W I T N E S S E T H:

WHEREAS, COUNTY owns, and through OC Animal Care operates, an animal care shelter facility at 1630 Victory Road, Tustin, California (“SHELTER"); and WHEREAS, CITY wishes to contract with COUNTY for the provision of the Animal Care Services described herein; and
WHEREAS, COUNTY is willing and able to provide such services on the terms and conditions hereinafter set forth:

NOW, THEREFORE, IT IS MUTUALLY AGREED AS FOLLOWS:
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CITY OF YORBA LINDA 2 of 10

CONTENTS

PARAGRAPH PAGE
Title Page.................................................................................................................................. 1 Contents.................................................................................................................................... 2 Referenced Contract Provisions.............................................................................................. 3 I. Alteration of Terms.................................................................................................................. 4 II. Indemnification and Insurance ................................................................................................ 4 III. Notices...................................................................................................................................... 5 IV. Severability............................................................................................................................... 5 V. Status of the Parties.................................................................................................................. 5 VI. Term ......................................................................................................................................... 6 VII. Termination .............................................................................................................................. 6 VIII. Third Party Beneficiary ........................................................................................................... 7 IX. Waiver of Default or Breach.................................................................................................... 7 X.Use of Shelter Upon Discontinuance of Use by County……………………………………. 7 XI.Participation of New Cities…………………………………………………………………. 8 XII.Governing Law and Venue………………………………………………………………….. 8 XIII.Attorney Fees.............................................................................................................................. 8 XIV.Appropriations………………………………………………………………………………… 8
Signature Page.......................................................................................................................... 10

EXHIBIT A
I. Definitions................................................................................................................................ 1 II. Services to be Provided by County ......................................................................................... 1 III. Payments .................................................................................................................................. 4 IV. City Manager’s Association Animal Care Committee ........................................................... 5 V. Laws and Regulations.............................................................................................................. 5 VI. Reports...................................................................................................................................... 6 VII. Records..................................................................................................................................... 6

EXHIBIT B
Animal Care Notice of Intent................................................................................................1 Page //
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CITY OF YORBA LINDA 3 of 10
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REFERENCED CONTRACT PROVISIONS
Term: MAY 31, 2026 through MAY 30, 2031
Notices to COUNTY and CITY:

COUNTY: County of Orange
OC Community Resources
Director’s Office
1770 North Broadway
Santa Ana, CA 92706-2642
and
County of Orange
OC Community Resources
OC Animal Care Director
1630 Victory Rd.

Tustin, CA 92782
CITY: Peter Grant
City Manager
City of Yorba Linda
4845 Casa Loma Avenue
Yorba Linda, CA 92886
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CITY OF YORBA LINDA 4 of 10
I. ALTERATION OF TERMS
This AGREEMENT, together with Exhibit A and B, attached hereto and incorporated herein by reference, fully expresses all understanding of COUNTY and CITY with respect to the subject matter of this AGREEMENT, and shall constitute the total agreement between the PARTIES for these purposes.

No addition to, or alteration of, the terms of this AGREEMENT, whether written or verbal, shall be valid unless made in writing and formally approved and executed by both COUNTY and CITY.

II. INDEMNIFICATION AND INSURANCE
A. CITY agrees to indemnify, defend and hold COUNTY, its elected and appointed officials, officers, employees, agents and those special districts and agencies for which COUNTY’s Board of Supervisors acts as the governing Board (“COUNTY INDEMNITEES”) harmless from any claims, demands, including defense costs, or liability of any kind or nature, including but not limited to personal injury or property damage, arising from or related to the services, products or other performance provided by CITY pursuant to this AGREEMENT. If judgment is entered against CITY and COUNTY by a court of competent jurisdiction because of the concurrent active negligence of COUNTY or COUNTY INDEMNITEES, CITY and COUNTY agree that liability will be apportioned as determined by the court.

Neither PARTY shall request a jury apportionment.

B. COUNTY agrees to indemnify, defend and hold CITY, its elected and appointed officers, employees, agents, directors, members, shareholders and/or affiliates harmless from any claims, demands, including defense costs, or liability of any kind or nature, including but not limited to, personal injury or property damage, arising from or related to the services, products or other performance provided by COUNTY pursuant to this AGREEMENT. If judgment is entered against COUNTY and CITY by a court of competent jurisdiction because of the concurrent active negligence of CITY, COUNTY and CITY agree that liability will be apportioned as determined by the court. Neither PARTY shall request a jury apportionment.

C. Each PARTY agrees to provide the indemnifying PARTY with written notification of any claim related to services provided by either PARTY pursuant to this AGREEMENT within thirty (30) calendar days of notice thereof, and in the event the indemnifying PARTY is subsequently named party to the litigation, each PARTY shall cooperate with the indemnifying PARTY in its defense.

D. Without limiting CITY’s indemnification, CITY warrants that it is self-insured or shall maintain in force at all times during the term of this AGREEMENT, the policy or policies of insurance covering its operations, placed with reputable insurance companies. Upon request by ADMINISTRATOR, CITY shall provide evidence of such insurance.

E. Without limiting COUNTY’s indemnification, COUNTY warrants that it is self-insured or shall maintain in force at all times during the term of this AGREEMENT, the policy or policies of insurance covering its operations, placed with reputable insurance companies. Upon request by CITY, COUNTY shall provide evidence of such insurance.

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CITY OF YORBA LINDA 5 of 10
III. NOTICES
A. Unless otherwise specified, all notices, claims, correspondence, reports and/or statements authorized or required by this AGREEMENT shall be effective:

1. When written and deposited in the United States mail, first class postage prepaid and addressed as specified on Page 3 of this AGREEMENT or otherwise directed by ADMINISTRATOR or CITY;

2. When FAXed, transmission confirmed;

3. When sent by electronic mail; or

4. When accepted by U.S. Postal Service Express Mail, Federal Express, United Parcel Service, or other expedited delivery service.

B. Termination Notices shall be addressed as specified on Page 3 of this AGREEMENT or as otherwise directed by ADMINISTRATOR or CITY and shall be effective when FAXed, transmission confirmed, or when accepted by U.S. Postal Service Express Mail, Federal Express, United Parcel Service, or other expedited delivery service.

C. Each PARTY shall notify the other PARTY, in writing, within twenty-four (24) hours of becoming aware of any occurrence of a serious nature, which may expose either PARTY to liability. Such occurrences shall include, but not be limited to, accidents, injuries, or acts of negligence, or loss or damage to any COUNTY property in possession of CITY.

D. For purposes of this AGREEMENT, any notice to be provided by COUNTY may be given by ADMINISTRATOR.

IV. SEVERABILITY
If a court of competent jurisdiction declares any provision of this AGREEMENT or application thereof to any person or circumstances to be invalid or if any provision of this AGREEMENT contravenes any federal, state, or county statute, ordinance, or regulation, the remaining provisions of this AGREEMENT or the application thereof shall remain valid, and the remaining provisions of this AGREEMENT shall remain in full force and effect, and to that extent the provisions of this AGREEMENT are severable.

V. STATUS OF THE PARTIES
Each PARTY is, and shall at all times be deemed to be, an independent contractor and shall be wholly responsible for the manner in which it performs the services required of it by the terms of this AGREEMENT. Each PARTY is entirely responsible for compensating staff and consultants employed by that PARTY. This AGREEMENT shall not be construed as creating the relationship of employer and employee, or principal and agent, between COUNTY and CITY or any of either PARTY’s employees, agents, consultants, or subcontractors. Each PARTY assumes exclusively the responsibility for the acts of its employees, agents, consultants, or subcontractors as they relate to the services to be provided during

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CITY OF YORBA LINDA 6 of 10
the course and scope of their employment. Each PARTY, its agents, employees, or subcontractors, shall not be entitled to any rights or privileges of the other PARTY’s employees and shall not be considered in any manner to be employees of the other PARTY.

VI. TERM
A. The term of this AGREEMENT shall commence as specified on Page 3 of this AGREEMENT.

B. The term of this AGREEMENT shall be automatically renewed each July for twelve (12) additional months, for a period of five (5) years, provided no notice of termination has been given by either PARTY in accordance with the “TERMINATION” paragraph of this AGREEMENT.

VII. TERMINATION
A. COUNTY may terminate this AGREEMENT, without cause, upon twelve (12) months written notice to CITY or immediately upon default by the CITY of its obligations hereunder.

B Upon termination, both PARTIES shall be obligated to perform such duties as would normally extend beyond this term, including but not limited to, obligations with respect to confidentiality, indemnification, audits, reporting and accounting.

C.. The obligations of COUNTY or CITY under this AGREEMENT are contingent upon the provision of sufficient funding for the services hereunder in the applicable budgets approved by the Board of Supervisors and the CITY’s City Council. In the event such funding is subsequently reduced or not appropriated, either PARTY may terminate this AGREEMENT upon thirty (30) calendar days written notice to the other PARTY. CITY acknowledges that the sharing of costs among the COUNTY and all contracting cities provides cost efficiencies and operational savings to COUNTY and each contracting city, and that COUNTY and each contracting city have entered into their services agreements in reliance on such shared costs and resulting savings. CITY further acknowledges that the withdrawal by CITY from the program would increase the financial burden of services on COUNTY and all remaining contracting cities, and acknowledges and agrees that it is the current intent of CITY to acquire Animal Care Services from the COUNTY pursuant to this AGREEMENT for a term of at least five (5) years, and that other cities acquiring services from the COUNTY are relying on CITY’s stated intention and the sharing of costs with CITY in electing to acquire similar services. CITY acknowledges and agrees that this AGREEMENT is contingent upon other local cities entering into similar agreements with the COUNTY to provide Animal Care Services for a period of five (5) years, and that this AGREEMENT will not be effective until other cities enter into similar agreements with the COUNTY to provide an estimated annual aggregate of at least 75% of the dollar value of Animal Care Services provided to contract cities during the twelve months prior to execution of this AGREEMENT.

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CITY OF YORBA LINDA 7 of 10
VIII. THIRD PARTY BENEFICIARY
Neither PARTY intends this AGREEMENT to create rights hereunder in any third parties including, but not limited to, any subcontractors or any clients provided services hereunder.

IX. WAIVER OF DEFAULT OR BREACH
Waiver of any default shall not be considered a waiver of any subsequent default. Waiver of any breach of any provision of this AGREEMENT shall not be considered a waiver of any subsequent breach.

Waiver of any default or any breach shall not be considered a modification of the terms of this AGREEMENT.

X. USE OF SHELTER UPON DISCONTINUANCE OF USE BY COUNTY
A. The SHELTER, which is owned and operated by COUNTY, shall be used by COUNTY for the provision of services for contracting cities and COUNTY unincorporated areas, as needed, pursuant to the terms of current and future services agreements. In the event COUNTY elects to discontinue usage of the SHELTER for animal sheltering purposes prior to December 31, 2066, COUNTY shall offer to those CITIES then currently contracting with COUNTY, whose AGREEMENTS contain this provision, to receive services pursuant to a services agreement the opportunity to lease the SHELTER strictly for animal sheltering purposes until such date, at a costs of $1.00 per year plus all rental costs, if any, owed to South Orange County Community College District (SOCCCD) pursuant to the Ground Lease entered into between COUNTY and SOCCCD.

B. Each and every CITY exercising this option shall be responsible for all operational costs; utility costs; maintenance, alteration, repair, and improvement costs; and any other costs of sustaining and operating an animal shelter at the site and shall indemnify COUNTY for any costs or liabilities resulting from or relating to the site. Upon exercise of the option, the COUNTY and the optioning CITIES shall use best efforts to negotiate mutually agreeable terms for the resulting lease. If the PARTIES cannot agree to mutually agreeable terms within one hundred and eighty (180) days after the exercise of the option, the option will terminate. The option provided for in this subsection is exclusive to those CITIES described above and may only be exercised collectively by those CITIES that elect to exercise the option or, if only one CITY wishes to do so, by that single electing CITY. The option must be exercised, if at all, within one hundred and eighty (180) days after COUNTY notifies CITIES of its decision to discontinue use of the SHELTER for animal sheltering purposes. The option provided herein shall be contingent upon the ground lease not terminating by its terms prior to COUNTY obtaining fee hold possession of the site.

C. In the event COUNTY does not yet have fee hold possession of the site as of April 29, 2034, the expiration date of the ground lease, COUNTY shall, at least six months prior to that date, consult with those CITIES then contracting with COUNTY for SERVICES regarding proposed methods of accessing continued use of the site.

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CITY OF YORBA LINDA 8 of 10
XI. PARTICIPATION OF NEW CITIES
A. After full execution of this AGREEMENT, cities not a PARTY to this AGREEMENT (either new cities or cities previously a PARTY to this AGREEMENT whose AGREEMENT has terminated) may be added to the COUNTY’s Animal Care Services program at the discretion of and under terms deemed acceptable by the COUNTY. If such new or returning city requests to participate in the Animal Care Services program, and COUNTY elects to provide Animal Care Services to such city, such city will be required to pay all, or, if such expansion is necessitated by the participation of multiple new and/or returning cities, its pro rata portion, of the costs of any SHELTER expansion attributable to such city’s anticipated use of the SHELTER. If the COUNTY determines, at its sole discretion, that no expansion is required to accommodate a new or returning city, said city or cities shall be required to pay, in addition to actual annual costs, 5% of its Notice of Intent (see Exhibit A, Section II.A) for shelter maintenance and repair which shall be used by COUNTY to defray the cost of capital projects for the current PARTIES to this Agreement whose contracts did not terminate. CITY payment of 5% above annual Notice of Intent shall be limited to the term of this AGREEMENT. For the sake of clarity and avoidance of misunderstanding, new or returning cities will not be offered the option to lease SHELTER facilities pursuant to the “USE OF SHELTER UPON DISCONTINUANCE OF USE BY COUNTY” paragraph of this AGREEMENT.

XII. GOVERNING LAW AND VENUE
This AGREEMENT has been negotiated and executed in the State of California and shall be governed by and construed under the laws of the State of California. In the event of any legal action to enforce or interpret this AGREEMENT, the sole and exclusive venue shall be a court of competent jurisdiction located in Orange County, California, and the PARTIES hereto agree to and hereby submit to the jurisdiction of such court, notwithstanding Code of Civil Procedure Section 394. Furthermore, the PARTIES specifically agree to waive any and all rights to request that an action be transferred for trial to another county.

XIII. ATTORNEY’S FEES
In any action or proceeding to enforce or interpret any provision of this AGREEMENT, or where any provision hereof is validly asserted as a defense, each PARTY shall bear its own attorney's fees, costs and expenses.

XIV. APPROPRIATIONS
During the term of this AGREEMENT, for each fiscal year, CITY shall make reasonable efforts to adopt all necessary budgets and make all necessary appropriations for all payments due hereunder. To the extent COUNTY has not terminated this AGREEMENT as provided hereunder, the CITY shall continue to make reasonable efforts to make all payments required hereunder.

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CITY OF YORBA LINDA 9 of 10
[SIGNATURE PAGE FOLLOWS.]

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CITY OF YORBA LINDA 10 of 10
IN WITNESS WHEREOF, the PARTIES have executed this AGREEMENT in the County of Orange, State of California.

CITY OF YORBA LINDA
BY: DATED:

PETER GRANT, CITY MANAGER
ATTEST:

BY: DATED:

MARICA BROWN, CITY CLERK
APPROVED AS TO FORM:

BY: DATED:

TODD LITFIN, CITY ATTORNEY

COUNTY OF ORANGE
BY: DATED:

TITLE:

APPROVED AS TO FORM:

OFFICE OF THE COUNTY COUNSEL

ORANGE COUNTY, CALIFORNIA
BY: DATED:

DEPUTY

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CITY OF YORBA LINDA 1 of 7 EXHIBIT A

EXHIBIT A

TO AGREEMENT FOR PROVISION OF

OC ANIMAL CARE SERVICES
WITH

CITY OF YORBA LINDA
MAY 31, 2026 THROUGH MAY 30, 2031
I. DEFINITIONS
A. "Actual Cost" means all COUNTY expenditures, including indirect charges, for providing Animal Care Services to CITY pursuant to this AGREEMENT.

B. "Animal Care Notice of Intent" means the document, signed by authorized representatives of COUNTY and CITY, which specifies all Animal Care Services COUNTY intends to provide to CITY, the estimated cost of the services, and the effective date.

C. "Animal Care Service(s)" means one or more service to be provided by COUNTY to CITY, as specified, by category, in Paragraph II.B. of Exhibit A to this AGREEMENT.

D. "Fee Revenue" means revenue collected by COUNTY for Animal Care Services provided by COUNTY to CITY pursuant to this AGREEMENT.

E. "Fiscal Year" means a twelve (12)-month period from July through June.

F. "Net Cost" means Actual Cost minus Fee Revenue.

G. "Service Details" mean the activities performed by COUNTY within an Animal Care Service category.

II. SERVICES TO BE PROVIDED BY COUNTY
A. ANIMAL CARE NOTICE OF INTENT

1. Annually, by March 1, CITY shall identify which of the Animal Care Services, specified below in subparagraph II.B. of Exhibit A to this AGREEMENT, CITY would like COUNTY to provide during the next Fiscal Year. CITY and COUNTY may agree to individualized levels of Service Details within the Animal Care Services selected. Requests for individualized levels of Service Details will only be considered by COUNTY if the resulting service level will not conflict with state or federal statutes and will not endanger public health.

2. Annually, by April 1, COUNTY shall prepare and send to CITY an Animal Care Notice of Intent which shall include, but not be limited to, a list of Animal Care Services, and individualized Service Details, if any, COUNTY agrees to provide, estimated costs for said services, and the start date for those services. COUNTY shall provide the Animal Care Services specified in the Animal Care Notice of Intent signed by both ADMINISTRATOR or designee, and an authorized representative of CITY.

3. Upon mutual AGREEMENT of CITY and COUNTY, COUNTY may prepare a new or

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CITY OF YORBA LINDA 2 of 7 EXHIBIT A
amended Animal Care Notice of Intent at any time, may change due dates specified in subparagraph II.A.1. and II.A.2. of Exhibit A to this AGREEMENT, and may modify the format of the Animal Care Notice of Intent attached to this AGREEMENT as Exhibit B.

B. ANIMAL CARE SERVICES – COUNTY provides the following seven (7) categories of Animal Care Services. COUNTY shall provide to CITY the Animal Care Services specified on the most current, Animal Care Notice of Intent for the Fiscal Year, signed in accordance with subparagraph II.A.2. of this Exhibit A to the AGREEMENT. Each category of service includes Service Details which may be added or changed by ADMINISTRATOR upon six (6) months prior notification to CITY. However, any new Service Level Details not required by law and which were not contemplated or included in the Animal Care Notice of Intent approved by the PARTIES and in place at the time of the proposed change(s) shall require twelve (12) months prior notice to CITY, and CITY may opt in of the New Service Level Details.

1. ANIMAL CONTROL SERVICES – Animal Control Services include, but are not limited to, emergency response service; patrolling; impounding of stray animals and of owner-released animals; animal cruelty investigations; animal bite investigations; citation issuance; field release to owner and impound fee collection for impounded animals; quarantine activities including home checks of animals involved in bites; site inspections required to comply with vicious dog ordinances; emergency transportation of injured, impounded animals to a veterinarian; impounding of deceased animals for disposal; responses to requests for assistance from law enforcement and CITY officials regarding suspected criminal activities or zoning violations related to animals; advice to residents regarding wildlife management or other animal concerns, not to include wildlife eradication or relocation services; injured wildlife pick-up; animal license issuance and renewal, fee collection and payment services; customer support regarding animal licensing; animal license billing; and delinquent animal license follow-up; assistance to residents regarding potentially dangerous and/or vicious animals; impound data entry; and impound animal photography.

2. ANIMAL CARE SPECIAL SERVICES
a. Animal Care Special Services include, but are not limited to animal license issuance and renewal; fee collection and payment services; customer support regarding animal licensing; animal license billing; delinquent animal license follow-up; digital canvassing to locate and license unlicensed animals; inspection of animal-related businesses in CITY jurisdiction in response to complaints and in accordance with COUNTY established inspection schedules; and when applicable, issuance of animal permits for private homes.

3. ANIMAL CARE SHELTER SERVICES
a. Animal Care Shelter Services for animals impounded by OC Animal Care include, but are not limited to, retention of impounded animals at COUNTY’s Animal Care Shelter (Shelter), public display of animals to allow owner identification; contact of owners when animals are wearing identification; sale or release of impounded animals to residents; animal evaluation for adoption;

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CITY OF YORBA LINDA 3 of 7 EXHIBIT A
reasonable effort toward animal placement; public education; volunteer services; rescue group coordination; euthanasia and disposal of animals that are neither redeemed nor adopted; veterinary services and spay/neuter surgeries consistent with standards established by the California Veterinary Medical Board; and necropsies on animals that die under suspicious circumstances or at the request of law enforcement.
b. CITY may request additional retention days for healthy, non-aggressive impounded animals. Additional retention days will be offered to CITY upon written approval by COUNTY’s OC Community Resources Director, or designee, on a space available basis only. c. COUNTY agrees to maintain its Shelter in a humane manner, keep said premises in a clean condition at all times, and use humane methods of care. d. No animals may be donated, sold or otherwise released for the purposes of experimentation, research or vivisection.

4. BARKING DOG COMPLAINT SERVICES – Barking Dog Compliant Services include, but are not limited to, receipt of barking dog complaints from residents, customer assistance regarding barking dog complaints, issuance of citations, and administrative hearings in response to complaints received by COUNTY for barking dogs within jurisdiction of CITY.

5. STANDARD LICENSING SERVICES – Standard Licensing Services include, but are not limited to, animal license issuance and renewal, fee collection and payment services; customer support regarding animal licensing; animal license billing; and delinquent animal license follow-up.

6. CITY LICENSE SERVICES
a. City License Services include, but are not limited to, issuance of CITY animal licenses at the time of adoption or redemption by owners. CITY shall provide CITY licensing tags to COUNTY.

COUNTY shall provide quarterly licensing reports to CITY. b. CITY shall make its best effort to provide updated animal licensing information to COUNTY.

7. ANIMAL IMPOUND SERVICES – Animal Impound Services include, but are not limited to, data entry of impound information for each live or deceased animal from CITY, impound animal photography for each live animal, owner notification of impounded animal, and posting of animal photographs on COUNTY website. COUNTY shall receive CITY animals at Shelter at times arranged by COUNTY.

C. COUNTY shall notify CITY of COUNTY’s hours of operation for Animal Care Services.

COUNTY may adjust hours of operation for Animal Care Services upon ninety (90) calendar days prior notification given to CITY.

D. Animals which are being retained for criminal prosecutions, except for violations of animal control regulations and/or ordinances pursuant to this AGREEMENT, are not to be construed as held pursuant to the services provided under this AGREEMENT; housing will be provided at the discretion of COUNTY and at COUNTY’s usual and customary charges for such housing.

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CITY OF YORBA LINDA 4 of 7 EXHIBIT A
E. To facilitate the performance of services, COUNTY shall have full cooperation and assistance from CITY, its officers, agents and employees.

III. PAYMENTS
A. BASIS FOR PAYMENT

1. CITY shall pay COUNTY the Net Cost of providing Animal Care Services specified in Animal Care Notice of Intent for CITY signed in accordance with subparagraph II.A. CITY Net Costs may include services/supplies procured but not yet delivered within the Fiscal Year.

2. The methodology for determining CITY's Actual Cost of Animal Care Services shall be provided to CITY annually in accordance with the Reports paragraph of this AGREEMENT. CITY shall adopt Animal Care Services fees consistent with the most recent animal care services fees approved by the County of Orange Board of Supervisors (the “COUNTY FEES”) which fee amounts will be charged for Animal Care Services within CITY’s jurisdiction and shall be used in determining CITY's Actual Cost of Animal Care Services. If CITY wishes to adopt fees which are different from the COUNTY FEES, CITY shall notify COUNTY of the applicable fee amounts to be charged for Animal Care Services within CITY’s jurisdiction (the “CITY FEES”) and CITY FEES will be charged for Animal Care Services within CITY’s jurisdiction and shall be used in determining CITY's Actual Cost of Animal Care Services.

3. COUNTY shall record and retain all Fee Revenue derived from providing Animal Care Services to CITY. CITY’s Fee Revenue shall be credited to CITY’s Actual Cost of Animal Care Services.

COUNTY shall have all fee collection powers of CITY and shall receive full cooperation from CITY to enable efficient enforcement of fee collection.

B. PAYMENT SCHEDULE

1. Each Fiscal Year, CITY shall pay COUNTY in arrears for the Net Cost of Animal Care Services provided in accordance with the following payment schedule. Billings are due from COUNTY to CITY within thirty (30) calendar days following the three-month Period specified below.

Period Billing Due Payment Due
July 1 through September 30 October 30 November 25
October 1 through December 31 January 30 February 25
January 1 through March 31 April 30 May 25
April 1 through June 30 July 30 August 25

2. Because Actual Costs may fluctuate based on service utilization during a given billing period (e.g. a hoarding case), CITY shall be billed either in equal installments based on its Notice of Intent for that year, or based on actual utilization for the period, whichever is greater for the first three quarters of the year with the final, fourth quarter billed on actual utilization for the full year of services.

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CITY OF YORBA LINDA 5 of 7 EXHIBIT A

3. If payment is not received by COUNTY by the payment due date specified above in subparagraph III.B. of Exhibit A to this AGREEMENT, COUNTY may cease providing any further service under this AGREEMENT and may satisfy the indebtedness in any manner prescribed by law.

4. COUNTY may modify the payment schedule upon six (6) months written notification to CITY.

IV. CITY MANAGERS ASSOCIATION ANIMAL CARE COMMITTEE
A subcommittee of the Orange County City Managers Association representing all cities participating in OCAC services exists to facilitate communication between OCAC and the city managers and staff of participating cities regarding financial and operational matters of OCAC, including, but not limited to: the assessment of cost options for animal care services provided under the Services Agreements; supplemental services or financial requests which result in a change to a participating city’s Actual Cost; consideration of new or adjusted fees; and other Service Details which may arise during the course of the AGREEMENT. COUNTY shall provide regular updates on operations to the City Managers Association Animal Care Committee and to a participating city upon request.

V. LAWS AND REGULATIONS
A. COUNTY shall comply with all applicable governmental laws, regulations, and requirements related to Animal Care Services, as they exist now or may be hereafter amended or changed and shall enforce federal and state statutes deemed applicable to CITY by COUNTY. Animal Care Services provided by COUNTY to CITY may be changed to comply with said laws, regulations, and requirements.

ADMINISTRATOR will make its best efforts to notify CITY of changes that may impact Animal Care Services provided through this AGREEMENT.

B. For each Animal Care Service that COUNTY agrees to provide to CITY in an Animal Care Notice of Intent, CITY shall enact and maintain in full force and effect ordinances identical to COUNTY ordinances which apply to said service, including but not limited to, those related to fees.

ADMINISTRATOR shall notify CITY of the deadline for adopting said ordinances. If COUNTY is unable to enforce an animal care ordinance because of the limitations of a CITY ordinance or failure of CITY to adopt identical ordinances related to an Animal Care Service, COUNTY may suspend provision of one or all Animal Care Services to CITY or may terminate this AGREEMENT. It is the sole responsibility of CITY to immediately notify COUNTY of any discrepancy between relevant ordinances maintained by CITY and those maintained by COUNTY.

D. If CITY wishes to maintain any relevant ordinance that is not consistent, on any point, with COUNTY ordinances, CITY shall immediately notify COUNTY of the discrepant ordinance. At the sole discretion of COUNTY, COUNTY may waive CITY enactment and maintenance of COUNTY animal care ordinances and may agree to enforce, and issue citations for violations pursuant to, the discrepant CITY ordinance. CITY acknowledges that individualized enforcement of unique CITY ordinances may result in increased costs to CITY.

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CITY OF YORBA LINDA 6 of 7 EXHIBIT A
E. CITY shall notify COUNTY of its intent to add, amend, or delete any CITY animal care ordinance at least ninety (90) calendar days in advance of its addition, amendment, or deletion.

F. CITY may request that specific ordinances adopted by CITY not be enforced in CITY by COUNTY. Requests for exclusion must be submitted in writing and received by COUNTY ninety (90) calendar days prior to the requested exclusion. Requests for exclusion will only be considered by COUNTY if they are not in conflict with state statutes and do not endanger public health. COUNTY shall notify CITY, in writing, of COUNTY’s decision regarding the requested exclusion.

G. COUNTY’s OC Community Resources Director, or designee, may provide assistance to CITY in defining the manner in which enforcement of a new or amended animal care ordinance would be provided by COUNTY. Requests for assistance must be made in writing and received by COUNTY ninety (90) calendar days prior to the requested implementation of the service. If the cost of such service can be delineated and accommodated by COUNTY, COUNTY will send an amended Animal Care Notice of Intent to CITY which will include reference to the CITY ordinance.

H. CITY will reimburse COUNTY for ordinance enforcement, as specified in the “PAYMENTS” paragraph of this AGREEMENT.

VI. REPORTS
A. Each Fiscal Year, COUNTY shall provide to CITY written, quarterly reports of Animal Care Services revenue and expenses for each period specified below. Said reports will be due to CITY within thirty (30) calendar days of the month following the reporting period, in accordance with the schedule below:

Period Reports Due
July 1 through September 30 October 30
October 1 through December 31 January 30
January 1 through March 31 April 30
April 1 through June 30 July 30
B. Each Fiscal Year, COUNTY shall provide the following Animal Care Services reports to CITY by July 30:

1. A payment methodology report for Animal Care Services to be provided by COUNTY during the next Fiscal Year and

2. A Fiscal Year intake and outcome report.

C. COUNTY may change the due dates for reports specified in subparagraphs VI.A. and VI.B. above upon six (6) months written notification to CITY.

D. No less than once every three (3) years, COUNTY shall engage an external auditor to review CITY billings.

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CITY OF YORBA LINDA 7 of 7 EXHIBIT A
VII. RECORDS
A. All records created or received by COUNTY in accordance with the performance of COUNTY services pursuant to this AGREEMENT are confidential. COUNTY agrees to keep said records in such form and manner as the Auditor-Controller of COUNTY shall specify. Said records shall be open for examination by CITY at all reasonable times.

B. Once each Fiscal Year, COUNTY shall deliver to CITY only the addresses of each CITY licensed animal upon demand without additional expense or cost to CITY. Any such information requested which is confidential pursuant to the terms of the Public Records Act shall be released to CITY pursuant to government code. Prior to each disclosure, CITY agrees to complete and return to COUNTY a “Confidentiality Agreement” on a form approved or provided by COUNTY. The PARTIES agree and understand that this procedure is required by the Public Records Act and necessitated to permit CITY to obtain the information required for its use, and to allow COUNTY to disclose said information. Upon receipt by COUNTY, the records requested may be released to the extent COUNTY is in possession of such records, and permitted by state law to disclose them voluntarily. //
//
//

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CITY OF YORBA LINDA 1 of 1 EXHIBIT B

EXHIBIT B

TO AGREEMENT FOR PROVISION OF

OC ANIMAL CARE SERVICES
WITH

CITY OF YORBA LINDA
MAY 31, 2026 THROUGH MAY 30, 2031

ANIMAL CARE NOTICE OF INTENT
This Animal Care Notice of Intent specifies Animal Care Services to be provided to CITY by COUNTY for the Period: «NOI_START» through «NOI_END». COUNTY agrees to provide to the City of «COMPANY2» the following Animal Care Services beginning «NOI_EFFECTIVE»:
«SERVICE1»
«SERVICE2»
«SERVICE3»
«SERVICE4»
«SERVICE5»
The total estimated cost for Animal Care Services specified above is «TOTAL_COST_».

This is a new Animal Care Notice of Intent for the Period indicated above.

This is an Amendment to an existing Animal Care Notice of Intent for the Period indicated above.

Significant Changes Since the Previous Animal Care Notice of Intent:

To the best of my knowledge, this notice specifies the Animal Care Services to be provided by COUNTY.

City of Yorba Linda Representative and Title Date
OC Animal Care Director Date

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CITY OF YORBA LINDA 1 of 1 EXHIBIT B

EXHIBIT B

TO AGREEMENT FOR PROVISION OF

OC ANIMAL CARE SERVICES
WITH

CITY OF YORBA LINDA
MAY 31, 2026 THROUGH MAY 30, 2031

ANIMAL CARE NOTICE OF INTENT
This Animal Care Notice of Intent specifies Animal Care Services to be provided to CITY by COUNTY for the Period: JULY 1, 2026, through JUNE 30, 2027. COUNTY agrees to provide to the City of YORBA LINDA the following Animal Care Services beginning JULY 1, 2026:

Animal Control Services
Animal Care Special Services
Animal Care Shelter Services
Barking Dog Complaint Services
The total estimated cost for Animal Care Services specified above is $365,422.

This is a new Animal Care Notice of Intent for the Period indicated above.

This is an Amendment to an existing Animal Care Notice of Intent for the Period indicated above.

Significant Changes Since the Previous Animal Care Notice of Intent:

To the best of my knowledge, this notice specifies the Animal Care Services to be provided by COUNTY.

City of YORBA LINDA Representative and Title Date
OC Animal Care Director Date

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Page 215 of 1101 ends

OC Animal Care delivers 24/7 field services,
partnering with local first responders to keep
your communities safe. From stray and
aggressive animals to emergency rescues,
our officers ensure rapid response. With
veterinary care available seven days a week
and expert behavioral support from our
shelter team, we reduce risk and promote
safe outcomes.
24/7 ANIMAL CARE SERVICES

1. One consolidated agreement
instead of separate construction and
service agreements

2. Five-year contract term length

3. Methodology for billing stabilization
and monthly reports

4. New contract city opportunities

5. Opt-in for service category changes

FIVE NEW CONTRACT PROVISIONS

THE TRUSTED SERVICES YOUR CITY

ALREADY RELIES ON
Daily, tailored enrichment for animals
housed on OC Animal Care’s 10-acre,
state-of-the-art campus
Over 15,000 animals of various species
admitted by OC Animal Care in 2025
Daily adoptions 7 days a week
Daily on-site veterinary team led by a
Chief Veterinarian and 3 full-time vets
Shelter team led by a certified
dog training professional
Trusted 24/7 field response services
Robust community programs
Essential support programs like
pet fostering and rescue partnerships
Pet education and adoption
opportunities at your city events
Efficient pet licensing
City-wide business licensing
Streamlined animal permits
State-mandated rabies program

OC ANIMAL CARE
2026 CONTRACT RENEWALS
1630 Victory Road, Tustin, CA 92782 ocpetinfo.com (714) 935-6848 Community members walk through
adoptable dog viewing areas.

Working together, we are a trusted partner in public safety and animal welfare.

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What is the scope and size of OC Animal Care?
OC Animal Care is the largest municipal animal shelter in Orange County, providing services to 14 contract cities and County unincorporated areas. In 2025, OC Animal Care had a total live intake of 15,106 animals. 12,388 of those animals were cats and dogs.

OC ANIMAL CARE
2026 CONTRACT RENEWAL FAQs
1630 Victory Road, Tustin, CA 92782 ocpetinfo.com (714) 935-6848 What services does OC Animal Care provide for each city? OC Animal Care provides 7 categories of Animal Care services, including field operations, licensing, animal permits, business licensing, barking dog ordinance enforcement, animal bite reporting, and shelter services.

What qualifications do the staff at OC Animal Care have? OC Animal Care staff is a team of trained professionals with backgrounds in shelter medicine, animal handling, enforcement, and shelter management. They hold qualifications ranging from entry‑level animal care experience to specialized certifications, licenses, and supervisory expertise.

What is the dog save rate?
The save rate for the shelter continues to be well above 90% for dogs, which is an industry benchmark and the goal the Board of Supervisors has set for the shelter. In 2025, the save rate for dogs was 94.26%.

Are you recruiting new cities, and how does that affect the original charter cities? OC Animal Care’s 10‑acre campus was designed to serve the charter cities and unincorporated County areas, and the shelter currently operates at full capacity. New city partnerships will be considered only if space becomes available or if there is a commitment to expand the facility.

Charter cities retain ownership rights and are not required to fund startup costs for new partners.

How are charter cities’ investments in the shelter campus being maintained? Any new city choosing to join the system would be responsible for related construction costs. If the city can be absorbed within the shelter’s existing footprint, the new partner city would pay into a maintenance fund of 5% annually of their NOI for the first five years.

What is unique about OC Animal Care?
OC Animal Care combines regional scale, comprehensive programming, daily accessibility, and strong community outreach. This makes it not just a place for adoptions, but a hub for animal welfare, public safety, and education across Orange County.

Will my city costs increase because of the new contract? No. The new contracts are based on the current service areas along with service levels, and since city costs are based on usage, the provisions in the new contract will not increase city costs.

What is OC Animal Care’s role in handling wildlife?
As a municipal shelter, OC Animal Care’s role as it relates to wildlife is limited with wildlife being regulated by the California Department of Fish and Wildlife. OC Animal Care responds to calls for assistance when wildlife is sick, injured, aggressive, or a threat to public safety. Our primary goal is to protect community health and safety while preserving the delicate balance of our local ecosystem.

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PUBLIC WORKS DEPARTMENT
DATE: APRIL 21, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: JAMIE LAI, P.E., DIRECTOR OF PUBLIC WORKS/CITY ENGINEER PREPARED BY: REGINA HU, P.E., PRINCIPAL CIVIL ENGINEER
SUBJECT: APPROVE A STORMWATER PERMIT IMPLEMENTATION AGREEMENT

WITH THE COUNTY OF ORANGE

RECOMMENDATION
Approve the Amended and Restated National Pollutant Discharge Elimination System Stormwater Permit Implementation Agreement between the County of Orange and the Orange County Flood Control District.

SUMMARY
The agreement updates how cities, the County and the Orange County Flood Control District comply with stormwater permit requirements. The agreement was last updated in 2002.

DISCUSSION
Since 1990, Orange County cities, the County, and the Orange County Flood Control District have operated under a shared implementation agreement to meet stormwater permit requirements through the regional Orange County Stormwater Program.

The agreement created a framework for permit compliance, including:
 regional coordination
 municipal staff training
 water quality monitoring and reporting
 implementation of Best Management Practices
 cost sharing among participating agencies

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A P P R O V E A M E N D E D N P D E S S T O R M W A T E R P E R M I T

I M P L E M E N T A T I O N A G R E E M E N T
P a g e | 2
The County has proposed an updates agreement to reflect current regulatory requirements, administrative practices, and program needs.

The recommended agreement:
 continues the County’s role as administrator of the regional Orange County Stormwater Program
 clarifies responsibilities for each permittee related to compliance, reporting, monitoring, and Best Management Practices
 updates the budget review process to allow smaller groups of permittees to establish sub-budgets for targeted water quality projects and programs  continues the cost-sharing approach based on land area and population The Flood Control District will continue to fund 10% of the countywide annual operating budget. The County and participating cities share the remaining 90% based on the same allocation method. The cost-sharing approach applies to any budgets established for targeted projects among participating agencies.

Approving the agreement allows the City to continue participating in the regional compliance program rather than managing these NPDES requirements independently.

FISCAL IMPACT
None. The City’s annual cost is calculated based on land area and population. These costs will be reviewed each year and budgeted under Account 1010340-432870.

ALTERNATIVES
Do not approve the agreement and provide alternative direction.

ATTACHMENTS
Attachment 1 - Amended NPDES Stormwater Implementation Agreement 2026

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1 AMENDED AND RESTATED NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM

STORMWATER PERMIT IMPLEMENTATION AGREEMENT
This AMENDED AND RESTATED NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM STORMWATER PERMIT IMPLEMENTATION AGREEMENT (“AGREEMENT”), for purposes of identification numbered [D02-048], and which may be alternatively referred to as the “OC Stormwater Program Implementation Agreement,” is entered into this ____ day of _________, 2026, by the County of Orange, (herein called the COUNTY), the Orange County Flood Control District (herein called DISTRICT) and the cities of Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, La Habra, La Palma, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, and Yorba Linda (herein called CITIES).

The COUNTY, DISTRICT, and CITIES may be referred to collectively as PERMITTEES or individually as PERMITTEE, COUNTY, DISTRICT, or CITY, respectively, in this AGREEMENT.

RECITALS
WHEREAS, the United States Congress in 1987, through the Water Quality Act, amended Section 402 of the Clean Water Act (33 U.S.C.A. 1342(p)) to require the United States Environmental Protection Agency (“EPA”) to promulgate regulations for permitting stormwater discharges; and
WHEREAS, EPA regulations require National Pollutant Discharge Elimination System (“NPDES”) permits for discharges from a municipal separate storm sewer system (“MS4”)(herein after called MS4 permits), and further require MS4 permits to include requirements to control pollutants from stormwater discharges; and WHEREAS, in 1927, the Orange County Flood Control Act created the DISTRICT

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2 to provide for the control of flood and stormwater and protect from damage from those flood or stormwater, the harbors, waterways, public highways, and property within the DISTRICT’s jurisdiction; and
WHEREAS, the powers granted to the DISTRICT include the authority to regulate discharges that threaten to impact its system and carry on technical and other investigations, examinations, or tests of all kinds, making measurements, collecting data, and making analyses, studies, and inspections pertaining to water supply, control of floods, use of water, water quality, nuisance, pollution, waste, and contamination of water, both within and without the DISTRICT; and
WHEREAS, the California State Water Resources Control Board (“SWRCB”), as designee of the EPA, has delegated authority to the California Regional Water Quality Control Boards-Santa Ana Region (“RWQCB-SAR”) and San Diego Region (“RWQCB-SDR”)(collectively, the RWQCBs) for administration of MS4 permits within the boundaries of their regions; and
WHEREAS, the COUNTY, DISTRICT, and CITIES are PERMITTEES under MS4 permits issued by the RWQCBs; and
WHEREAS, the RWQCBs have designated the COUNTY as the Principal PERMITTEE or Principal Watershed Co-permittee, as defined in the MS4 permits; and WHEREAS, the COUNTY, the DISTRICT and the CITIES previously entered into that certain agreement entitled National Pollutant Discharge Elimination System Stormwater Permit Implementation Agreement D90-094, on December 18, 1990, which was subsequently amended on October 26, 1993 by Amendment No. 1 and then on June 25, 2002 (the December 18, 1990 Agreement as Amended by Amendment No. 1 and the June 25, 2002 amendment will be referred to collectively hereinafter as the ORIGINAL AGREEMENT), to cooperatively develop, and did thereunder develop, an integrated stormwater runoff management program with the objective of fulfilling MS4 permit requirements and improving water quality in Orange County (program

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3 referred to herein as the “OC Stormwater Program”); and WHEREAS, Section X of the ORIGINAL AGREEMENT provides that the ORIGINAL AGREEMENT may be amended by consent of a majority of the PERMITTEES which represent a majority of the percentage contributions as described in Section IV of the ORIGINAL AGREEMENT; and
WHEREAS, continued cooperation between the CITIES, the COUNTY, and the DISTRICT to jointly implement the OC Stormwater Program to fulfill prior, new, and potential future MS4 permit requirements, to the extent feasible, is in the best interests of the CITIES, the COUNTY, and the DISTRICT; and WHEREAS, the PERMITTEES now desire to restate and amend the ORIGINAL AGREEMENT, as reflected and set forth in this AGREEMENT.

NOW, THEREFORE, the PERMITTEES do mutually agree as follows:

I. FILING STATUS
The COUNTY, the DISTRICT, and each CITY have filed applications for MS4 permits as PERMITTEES. The COUNTY, the DISTRICT and each CITY is a PERMITTEE under each MS4 permit to which they are subject.

II. INCORPORATION OF FEDERAL GUIDELINES
All applicable federal and state water quality regulations and guidelines under the Federal Clean Water Act, as presently written or as changed during the term of this AGREEMENT, are hereby incorporated by reference and made a part of this AGREEMENT and take precedence over any inconsistent terms of this AGREEMENT.

III. DELEGATION OF RESPONSIBILITIES
The responsibilities of each of the parties shall be as follows:

A. The COUNTY shall be the administrator of the OC Stormwater Program and, on a cost-shared basis, perform the following functions:

1. Annual operating budgets.
a. Prepare the annual operating budget (“annual operating budget”), which shall include a work plan and associated financial plan and

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4 budget. The annual operating budget is intended to provide for all programmatic functions and associated costs of the OC Stormwater Program, as outlined in this AGREEMENT and as generally described in Section V.A. Annual operating budgets and work plans may be based on RWQCB region (i.e., Santa Ana Region versus San Diego Region). The budget year shall coincide with the COUNTY's fiscal year, July 1 – June 30.
b. Consult with the Stormwater Program Representatives (as defined in Section III.C.8) when preparing annual operating budgets and major program elements therein.
c. A draft of the annual operating budget may be prepared for the PERMITTIES for review by February 15 each year. Annual operating budgets shall be submitted to the PERMITTEES for consideration and approval by May 15 of each year. Individual CITY approval shall be obtained from each CITY’s city manager or designee thereof by July 30 of each year. CITY manager designations for annual operating budget approval shall be provided in writing to the County and shall remain in effect until revoked in writing by the CITY’s city manager. An annual operating budget shall be deemed approved and adopted for the OC Stormwater Program by affirmative responses from PERMITTEES which represent a majority (50% or greater) of both the area and population percentage contribution as calculated in accordance with Section V.A (method for calculating approval percentage referred to as “Majority Approval”). The COUNTY and the DISTRICT shall represent one voting PERMITTEE with their percentage contribution equal to the total of the COUNTY and the DISTRICT as described in Section V.A. d. An approved and adopted annual operating budget shall not be

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5 exceeded without prior Majority Approval of the PERMITTEES.

2. Project or watershed-specific sub-budgets.
a. In coordination with the PERMITTEES, prepare project-specific and/or watershed-specific budgets and associated work plans (collectively, “sub-budget(s)”) for the design of water quality projects and/or responding to RWQCB enforcement orders and/or other orders (e.g., California Water Code 13267 or 13383 orders). b. Sub-budgets shall be prepared and proposed on an as-needed basis, at the discretion of the COUNTY, or as requested by interested PERMITTEES, subject to concurrence of the COUNTY.
c. Each PERMITTEE willing to participate in a sub-budget will confirm participation to the COUNTY in writing. A PERMITTEE who confirms participation in a sub-budget shall be referred to herein as “PARTICIPATING PERMITTEE(s).” Sub-budgets will be subject to unanimous approval by all PARTICIPATING PERMITTEES, except that where a Participating Permittee fails to vote to approve a proposed sub-budget, such failure shall be deemed a withdrawal from the sub-budget and the withdrawing PERMITTEE shall no longer be considered a PARTICIPATING PERMITTEE and shall have no obligation to pay for or participate in the sub-budget. d. Project elements that go beyond design (e.g., construction, operation, and maintenance) shall not be provided for in subbudgets and, instead, are subject to separate agreement between the Participating Permittees.

3. Represent the OC Stormwater Program in reviews of documents, comments, and discussions with EPA, SWRCB, and RWQCBs and/or other resource agencies regarding MS4 permit requirements and related policies, programs, and regulations. The COUNTY shall timely notify the

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6 PERMITTEES of any decision reached during these discussions that, in the determination of the County, substantially impacts the OC Stormwater Program.

4. Implement approved annual operating budgets and sub-budgets.

5. Working in collaboration with PERMITTEES, prepare and submit regional compliance reports as the Principal PERMITTEE, as required under the MS4 permits, and/or as designated in the approved workplans.

6. Implement the regional monitoring and reporting program elements from approved workplans for the MS4 permits, including, but not limited to, tasks to monitor and measure the effectiveness of Best Management Practices (“BMPs”). This may include monitoring and modeling.

7. Obtain, as may be required by the annual operating budget and/or subbudgets approved pursuant to this AGREEMENT, professional services, including, but not limited to, scientific, engineering, environmental, economic, and/or legal consultants to provide technical assistance for the work associated with the OC Stormwater Program. This work may include, but is not limited to, the preparation of technical or economic studies, legal analysis, watershed management plans, stormwater runoff management plans, water quality improvement plans, modeling, reasonable assurance demonstrations/reasonable assurance analyses, monitoring plans, technical reports, municipal staff training activities, and the design of structural and non-structural BMPs and strategies to prevent and/or reduce pollutants in stormwater runoff. Contracts for professional services to be funded under this AGREEMENT shall be made in conformance with the COUNTY’s procurement policies, and, to the extent there is no conflict, the following:
a. The COUNTY shall make efforts to stagger the date of issuance of new contracts for professional services, so that PERMITTEES may

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7 better absorb increases in consultant fee rates.
b. For contracts for professional services that would require approval by the Orange County Board of Supervisors (as determined within the sole discretion of the COUNTY), one Stormwater Program
Representative for every two designees of the COUNTY shall be allowed to participate in any panel formed for the purpose of evaluating responses to Requests for Proposals or similar competitive solicitations submitted by potential consultants. Where any contract subject to this provision is to be extended beyond the initial term, the COUNTY shall request feedback from the Stormwater Program Representatives, regarding the consultant’s performance, prior to executing the extension. This process shall in no way impinge upon or limit the COUNTY’s discretion to enter into, amend, extend, renew, or cancel any contract for professional services for the OC Stormwater Program.
c. The COUNTY shall notify the PERMITTEES of any changes in the COUNTY’s procurement policies that significantly affect the thresholds for competitive procurement, scoring, or selection processes for contract services.

8. Implement a facility inspection program, as required by the MS4 permits, for MS4 facilities within the unincorporated areas of the County, at no cost to the CITIES.

9. Implement a facility inspection program, as required by the MS4 permits, for MS4 facilities on County-owned property used for COUNTY governmental purposes (i.e., property used for governmental functions) and located within a CITY, at no cost to the CITIES. For purposes of this section, the regional facility known as Dana Point Harbor shall be considered a Countyowned property used for governmental purposes.

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8 a. To avoid confusion in the implementation of each party’s facility inspection programs, the COUNTY shall provide a list of those facilities, buildings and properties that it owns and are located within other jurisdictions (i.e. non-unincorporated properties) that the COUNTY has decided to monitor and regulate pursuant to this Section III.A.9. The County further agrees to notify the affected PERMITTEE of changes to the status of a facility.

B. The DISTRICT shall, on a cost-shared basis, except as set forth in subparagraph 2 below:

1. Perform or cause to be performed the water quality and hydrographic monitoring for compliance with MS4 permits and/or in accordance with RWQCB-approved monitoring plans and/or in the approved workplans.

2. Implement a facility inspection program, as required by the MS4 permits, for MS4 facilities located on District-owned and controlled property that is used for governmental purposes, at no cost to the CITIES.

3. Undertake or cause to be undertaken all activities required of the CITIES in Section III.C and applicable to the District.

C. The CITIES, at no cost to the Counties and the District, shall:

1. Implement a facility inspection program for its MS4 facilities, as required by the MS4 permit(s) and within the jurisdictional boundaries of that CITY.

2. Submit to the COUNTY storm drain system maps and/or data describing the type and location of its MS4 facilities with periodic revisions that reflect any modifications made as a result of land
development/redevelopment. If possible, information shall be submitted as geographical information system (“GIS”) data.

3. Support the COUNTY in the preparation of watershed characterizations and catchment prioritization efforts, including, but not limited to, by:

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9 a. Identifying applicable zoning and land use designations. b. Identifying areas where sources of specific pollutants are known.

4. Upon COUNTY request, review, comment on, consider approval of, and, if approved, implement regional strategies to prevent and reduce pollutants in stormwater runoff.

5. Implement an illegal discharge detection and elimination program as required by the MS4 permit(s) to which the CITY is subject. Demonstrate adequate legal authority to control discharges to its MS4 facilities as may be required by the relevant MS4 permit(s) to which the CITY is subject.

6. Provide, as requested by the COUNTY, copies of the CITY’s jurisdictional reports, data, and any other information (in formats requested by the COUNTY, where such formats are reasonably available) to satisfy requirements in MS4 permits or other orders issued by a Regional Board or the State Board, to which the CITY is subject, provided the CITY has not otherwise challenged such order, and such challenge has not been resolved.

7. Participate in meetings convened by the COUNTY and respond to requests for information from the COUNTY, intended to obtain PERMITTEE input on matters related to this AGREEMENT and the implementation of the OC Stormwater Program.

8. Designate primary and secondary Stormwater Program Representative for matters related to this AGREEMENT and the implementation of the OC Stormwater Program. Designations shall be made by each CITY’s city manager, or designee, in writing to the COUNTY. Each designation shall remain in effect until revoked by the CITY’s city manager or designee.

Stormwater Program Representatives are intended to provide subject matter input and facilitate communication between the COUNTY and each CITY. For purposes of this AGREEMENT, a Stormwater Program

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10 Representative will not be deemed to have the authority to approve annual operating budgets on behalf of a CITY, as required in Section III.A.1, unless expressly stated in the written designation provided to the COUNTY.

D. In the unincorporated areas of the COUNTY, the COUNTY shall, at no cost to the CITIES or the DISTRICT, undertake or cause to be undertaken all activities required above of the CITIES in Section III.C that are not responsibilities of the DISTRICT as outlined in Section III.B.

IV. Orange County City Manager Association Engagement
A. In lieu of the activities of the Technical Advisory Committee under the ORIGINAL AGREEMENT, the COUNTY shall endeavor to create a working relationship with the Orange County City Manager Association (“OCCMA”) or a sub-group thereof, to address issues such as MS4 permit requirements, MS4 permit compliance methods, and funding needs and strategies to facilitate regional and/or watershed-based, multi-jurisdictional project efforts.

B. At its discretion, the COUNTY, in coordination with the PERMITTEES as set forth in this AGREEMENT, may implement recommendations (or parts thereof) that OCCMA may give on OC Stormwater Program matters, including, but not limited to, potential strategies for compliance with current and anticipated future MS4 permit requirements; funding strategies and options for MS4 permit compliance efforts; and OC Stormwater Program budgeting.

Recommendations that would result in unbudgeted costs shall be subject to Majority Approval of the PERMITTEES pursuant to III.A.1.d.

C. Under no circumstances shall this Section be interpreted as a replacement or substitute for any other responsibility of CITIES or the COUNTY under this Agreement. At the COUNTY’s discretion, the Director of OC Public Works may enter into a memorandum of understanding with OCCMA to facilitate

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11 procedures for OCCMA engagement under this Section. Under no circumstances shall this provision be interpreted to require any written agreement between the COUNTY and OCCMA.

V. PROGRAM COSTS
A. Annual Operating Costs.

Where not otherwise funded, the annual operating budget, including all costs of equipment, goods, COUNTY services (including, but not limited to, applicable COUNTY and COUNTY’S departmental overhead), and all professional services costs incurred by the COUNTY, and any cost of the MS4 permits, as determined by the COUNTY in its role as administrator of the OC Stormwater Program, shall be a shared cost and allocated among the COUNTY, DISTRICT, and CITIES, and paid for as follows:

Participants Percentage Contribution
DISTRICT 10
CITIES + COUNTY 90
The individual percentage contributions from each CITY and the COUNTY shall be functions of their respective dry land areas and population relative to those of the entire County of Orange. Each area shall be calculated as one-half of the sum of the area and population fractions, multiplied by 90%. National forests, state parks, airports, landfills, oceans, harbors, tidal bays, and active military installations shall be excluded from area calculations (Exhibit A-1). The contribution of the COUNTY shall be calculated from unincorporated areas and their respective populations. Should any external or alternative sources of funding become available, those funds may be directly applied to the appropriate budget(s) before the shared cost percentages are applied to the PERMITTTEES or credited to a subsequent budget.

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12 Share in percent for jurisdiction #1= {(X1/Xtot) + (Y1/Ytot)}/2 x (90) X = area
Y = population
tot = total population or area
90 = total percentage excluding the DISTRICT’s contribution The percentage share shall be calculated by the COUNTY from population and area data. The population data shall be the most recent annual population estimates produced by the California Department of Finance, and area is based on the most recent OC Public Works survey data available to the COUNTY. Percentage share calculations shall be updated by May of each budget year for the budget year following and shall be included in annual operating budget proposals. Annual operating budget proposals shall be prepared based on the following percentage share computation methods, as applicable, and subject to exclusions in Exhibit A-1:

1. Countywide costs will be calculated as described in the process and formula above and subject to Exhibit A-1 for the entire group of PERMITTEES.

2. Regional costs, specific to only one RWQCB permit (Santa Ana Region and San Diego Region), will be calculated based on the process and formula above for PERMITTEES within the respective permit geographic area. For PERMITTEES that have jurisdiction in both permit regions, the regional costs will be based on the land area and prorated population for that permit geographic area.

3. Sub-budgets shall be based on the PARTICIPATING PERMITTEES and their corresponding area and prorated population total within the geographic area subject to the specific sub-budget.

4. In the event of a regulatory directive issued to PERMITTEES requiring amendment of any approved budget, the COUNTY shall provide immediate

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13 notice to the included PERMITTEES and hold discussions with respect to responding to the directive and funding the immediate response. Such budget amendments shall be subject to the Majority Approval referenced in Section III.A.1.d.

5. If at any time during a budget year costs exceed the sum of the deposits for any approved budget, and prior Majority Approval for such exceedance has been obtained, the COUNTY shall submit invoices to the involved PERMITTEES to recover the deficit. The share for each PERMITTEE shall be prorated according to the formula that was initially used to apportion budget costs. Each CITY shall pay the invoice within 45 calendar days of the billing date.

6. If at any time costs exceed the sum of the deposits for any approved budget, the COUNTY may propose a budget increase and request payment by the PERMITTEES, and PERMITTEES shall pay such amount, provided the budget increase is approved in accordance with sections III.A.1.c-d or III.A.2.c of this Agreement, as may be applicable. Until such approval is obtained and sufficient deposits received, the COUNTY may, at its sole discretion, cease carrying out approved budget components so as to limit or not incur costs in excess of deposits. Nothing in this AGREEMENT shall be construed as requiring PERMITTEES to approve budget increases.

7. The COUNTY shall prepare a budget year-end accounting within 120 calendar days of the end of the budget year and present the same to the involved PERMITTEES for review. If the budget year-end accounting results in the sum of the deposits exceeding costs (net of interest earnings), the excess deposits shall carry forward to reduce the obligation of the PERMITTEES for the following budget year and prorated to the CITIES consistent with the cost-sharing population and area data

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14 calculation above.

8. The COUNTY shall invoice each CITY for its annual share of each approved budget by November 30 of each budget year. Each CITY shall pay their deposit(s) within 45 calendar days of the billing date or within 45 calendar days of November 30, whichever is later. Each CITY’S deposit(s) shall be based on their prorated share(s) of the approved budget(s), reduced for any carry forward amount identified in the prior budget year-end accounting.

9. The COUNTY shall hold each CITY’s annual share of each approved budget in interest-bearing accounts and credit interest earned on each CITY’s annual share against each CITY’s share of the approved budget costs.

The COUNTY shall maintain records regarding interest earned and credited on each CITY’s annual share and provide the same to the CITIES within 120 calendar days of the end of the budget year.

10.Upon termination of this AGREEMENT, a final accounting shall be performed by the COUNTY and presented to the PERMITTEES for review. If the sum of the deposits exceeds the costs, the COUNTY shall reimburse to each CITY its prorated share of the excess, within 120 calendar days of the final accounting.

VI. LIFE OF THE AGREEMENT
The term of this AGREEMENT shall be indefinite, unless amended or terminated in accordance with this AGREEMENT.

VII. ADDITIONAL PARTIES
Any CITY which becomes incorporated after the effective date of this AGREEMENT, or requests to become a party to this AGREEMENT after previously withdrawing pursuant to Section VIII, shall be eligible to become a party to this AGREEMENT, subject to Majority Approval. In approving adding additional cities to this AGREEMENT, the PERMITTEES may

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15 require such conditions of the added cities as they determine necessary or advantageous. The date of initiation, for determining costs for newly incorporated cities, shall be the date of incorporation. The costs for adding additional cities to this AGREEMENT and OC Stormwater Program including, but not limited to, permit and processing fees, as well as administrative costs incurred by the COUNTY and costs to reimburse the existing PERMITTEES for unreimbursed costs related to a previous withdrawal (if applicable), shall be calculated by the COUNTY, approved by Majority Approval of the PERMITTEES and, thereafter, invoiced by the COUNTY and paid by the added city(ies) within 45 calendar days of the billing date. Monies to be reimbursed to the existing PERMITTEES shall carry forward to reduce the billings for the following budget year.

VIII. WITHDRAWAL FROM THE AGREEMENT
A CITY may withdraw from this AGREEMENT by providing at least 60 calendar days written notice to the COUNTY. The COUNTY shall notify the PERMITTEES within 10 business days of receipt of any withdrawal notice. Neither the COUNTY nor any PERMITTEE shall be responsible for advising the withdrawing CITY of the legal, regulatory, or programmatic effects of withdrawing, nor have any continuing responsibility to the withdrawing CITY upon the effective date of the withdrawal. The withdrawing CITY shall be solely responsible for any costs the withdrawing CITY may incur related to its withdrawal, including, but not limited to, penalties assessed by RWQCBs, and or other resource agencies (e.g., EPA, CDFW, etc.) in connection with or related to its withdrawal. In addition, withdrawal shall constitute forfeiture of any deposits on hand from the withdrawing CITY, for the budget year in which the withdrawal is effective. If the effective date of a withdrawal is within 60 calendar days of the beginning of any budget year, the withdrawing CITY shall be responsible for paying its annual

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16 share for the upcoming budget year as if it were still a PERMITTEE participating in this AGREEMENT but shall be eligible to receive a credit for any prospective carry forward amount of such annual share as may be contemplated by this AGREEMENT. The cost allocations to the remaining PERMITTEES participating in this AGREEMENT shall be recalculated and collected and/or credited as necessary in the budget year following the effective date of the withdrawal.

IX. NON-COMPLIANCE WITH PERMIT OR ORDER REQUIREMENTS
Each PERMITTEE shall remain solely responsible for its own acts and omissions with respect to compliance with requirements of an MS4 permit or other order of the RWQCBs or SWRCB to which it may be subject, and nothing herein shall be deemed to waive, release, or transfer any such responsibility to any other PERMITTEE. Nothing in this AGREEMENT shall be construed as an assumption by any PERMITTEE of any liability or obligation of another PERMITTEE, whether past, present, or future.

X. LEGAL ACTION/ COSTS/ ATTORNEY FEES
In the event of legal action to enforce any provision of this AGREEMENT, each party shall bear its own attorneys’ fees and costs, and no party shall seek to recover the same from any other party through litigation or other legal proceedings.

XI. AMENDMENTS TO THE AGREEMENT
This AGREEMENT may be amended with Majority Approval. The COUNTY and the DISTRICT shall represent one voting PERMITTEE with their percentage contribution equal to the total of the COUNTY and the DISTRICT as described in Section V. No amendment to this AGREEMENT shall be effective unless it is in writing and signed by the duly authorized representatives of the COUNTY and the required Majority Approval of PERMITTEES.

XII. NOTICES

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17 All notices required under Section VIII shall be deemed duly given if delivered by hand (with written confirmation of receipt); via electronic mail (with confirmation of transmission); or three (3) days after deposit in the U.S. Mail, postage prepaid.

XIII. GOVERNING LAW
This AGREEMENT shall be governed and construed in accordance with laws of the State of California. If any provision or provisions of this AGREEMENT is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not any way be affected or impaired hereby.

XIV. CONSENT TO BREACH NOT WAIVER
No term or provision hereof shall be deemed waived and no breach excused, unless such waiver or consent shall be in writing and signed by the duly authorized representative of the PERMITTEE to have waived or consented.

Any consent by any PERMITTEE to, or waiver of, a breach by the other, whether express or implied, shall not constitute a consent to, waiver of, or excuse for any other different or subsequent breach.

XV. APPLICABILITY OF PRIOR AGREEMENTS
This AGREEMENT restates and amends the provisions in prior agreements and constitutes the entire AGREEMENT between the PERMITTEES with respect to the subject matter. All prior agreements, representations, statements, negotiations, and undertakings are superseded hereby.

XVI. EXECUTION OF THE AGREEMENT
This AGREEMENT may be executed in counterparts, and the signed counterparts shall constitute a single instrument. The parties agree that this AGREEMENT may be executed and delivered by electronic means, including via email or electronic signature platforms (e.g., DocuSign, Adobe Sign), and that such electronic signatures shall be deemed to have the same legal

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18 effect as original signatures. Each party agrees that electronically signed documents shall be valid, enforceable, and admissible in any legal proceeding to the same extent as a manually signed original.

XVII. NO WAIVER OF PRIVILEGE AND/OR WORK PRODUCTION PROTECTION Notwithstanding anything in this Agreement to the contrary, nothing in this AGREEMENT shall require a party to release or provide information (including any reports, communications, data, etc.) that has been deemed by that party to be subject to the attorney-client privilege, attorney work product doctrine, or any other relevant privilege and protection, including, but not limited to, any reports or information generated by a party’s consultant that was prepared in consultation with, or at the direction of, such party’s attorney or counsel of record. Nothing in this AGREEMENT shall prohibit the parties hereto from entering into future agreements, including joint defense agreements, common interest agreements, or other similar agreements to share such privileged or protected information subject to the terms and conditions of such an agreement.

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19 IN WITNESS WHEREOF, the parties hereto have executed this AGREEMENT on the dates opposite their respective signatures:

ORANGE COUNTY FLOOD CONTROL DISTRICT
A body corporate and politic
By
Chairman of the Board of Supervisors

COUNTY OF ORANGE
A body corporate and politic
Date: By
Chairman of the Board of Supervisors

SIGNED AND CERTIFIED THAT A COPY OF THIS

AGREEMENT HAS BEEN DELIVERED TO THE

CHAIRMAN OF THE BOARD
Date: By

ROBIN STIELER
Clerk of the Board of Supervisors of
Orange County, California

APPROVED AS TO FORM COUNTY COUNSEL

ORANGE COUNTY, CALIFORNIA
By Julia Woo, Senior Deputy
Date:
///
///
///

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20 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF ALISO VIEJO
Date: ______
ATTEST:

City Clerk

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21 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF ANAHEIM
Date: ______
ATTEST:

City Clerk

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22 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF BREA
Date: _________________________
ATTEST:

City Clerk

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23 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF BUENA PARK
Date: ______
ATTEST:

City Clerk

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24 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF COSTA MESA
Date: _____
ATTEST:

City Clerk

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25 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF CYPRESS
Date: ______
ATTEST:

City Clerk

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26 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF DANA POINT
Date: ______
ATTEST:

City Clerk

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27 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF FOUNTAIN VALLEY
Date: ______
ATTEST:

City Clerk

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28 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF FULLERTON
Date: ______
ATTEST:

City Clerk

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29 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF GARDEN GROVE
Date: ______
ATTEST:

City Clerk

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30 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF HUNTINGTON BEACH
Date: ______
ATTEST:

City Clerk

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31 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF IRVINE
Date: ______
ATTEST:

City Clerk

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32 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF LA HABRA
Date: ______
ATTEST:

City Clerk

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33 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF LA PALMA
Date: ______
ATTEST:

City Clerk

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34 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF LAGUNA BEACH
Date: ______
ATTEST:

City Clerk

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35 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF LAGUNA HILLS
Date: ______
ATTEST:

City Clerk

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36 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF LAGUNA NIGUEL
Date: ______
ATTEST:

City Clerk

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37 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF LAGUNA WOODS
Date: ______
ATTEST:

City Clerk

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38 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF LAKE FOREST
Date: ______
ATTEST:

City Clerk

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39 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF LOS ALAMITOS
Date: ______
ATTEST:

City Clerk

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40 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF MISSION VIEJO
Date: ______
ATTEST:

City Clerk

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41 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF NEWPORT BEACH
Date: ______
ATTEST:

City Clerk

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42 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF ORANGE
Date: ______
ATTEST:

City Clerk

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43 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF PLACENTIA
Date: ______
ATTEST:

City Clerk

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44 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF RANCHO SANTA MARGARITA
Date: ______
ATTEST:

City Clerk

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45 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF SAN CLEMENTE
Date: _____
ATTEST:

City Clerk

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46 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF SAN JUAN CAPISTRANO
Date: _____
ATTEST:

City Clerk

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47 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF SANTA ANA
Date: ______
ATTEST:

City Clerk

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48 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF SEAL BEACH
Date: ____
ATTEST:

City Clerk

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49 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF STANTON
Date: ______
ATTEST:

City Clerk

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50 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF TUSTIN
Date: ______
ATTEST:

City Clerk

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51 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF VILLA PARK
Date: ______
ATTEST:

City Clerk

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52 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF WESTMINSTER
Date: ______
ATTEST:

City Clerk

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53 By:

Mayor
APPROVED AS TO FORM:

City Attorney

CITY OF YORBA LINDA
Date: ______
ATTEST:

City Clerk

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54 EXHIBIT A - 1

DRY LAND AREA DEDUCTED FROM JURISDICTIONS
Landfills Jurisdiction
Olinda County
Santiago County
Prima Deschecha County
Bee Canyon County
Coyote Canyon County
State Parks
Bolsa Chica State Beach* Huntington Beach
Chino Hills State Park County
Corona Del Mar State Beach Newport Beach
Crystal Cove State Park** County
Doheny State Beach Dana Point
Huntington State Beach Huntington Beach
San Clemente State Beach San Clemente
Airports
Fullerton Fullerton
John Wayne County
Military facilities
Joint Forces Training Base - Los Alamitos Los Alamitos
Former MCAS Tustin*** Tustin
Seal Beach Naval Weapons Station**** Seal Beach
National Forests
Cleveland National Forest County
*Includes Bolsa Chica Ecological Preserve
**Includes Laguna Laurel Ecological Preserve
***Active military areas
****Includes Seal Beach National Wildlife Refuge

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PARKS AND RECREATION DEPARTMENT
DATE: APRIL 21, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: MICHAEL KUDRON, DIRECTOR OF PARKS AND RECREATION
PREPARED BY: VALERIE PASSARELLA, RECREATION SUPERVISOR
SUBJECT: APPROVE AMENDMENT NO. 2 WITH EXECUTIVE EVENT SERVICES FOR

SECURITY SERVICES

RECOMMENDATION
Approve Amendment No. 2 to the Agreement with Executive Event Services.

SUMMARY
The recommended amendment extends agreement with Executive Event Services (EES) for private security services at the Town Center Parking Structure, Cultural Arts Center and Library campus, private rental events at city facilities, and special events by one year.

DISCUSSION
Private security guard service is provided on an as-needed basis for City facilities. Unarmed guards patrol, identify, and report activities which may create a public nuisance or disturb the peace, as well as ensure that all private rental events serving alcohol at City facilities follow established City policies.

The recommended amendment extends the agreement with EES through March 31, 2027.

There are no other changes to the agreement.

FISCAL IMPACT
Sufficient funds are available in the Parks and Recreation and Library budgets.

ALTERNATIVES
Do not approve the recommended action and provide alternative direction.

ATTACHMENTS
Attachment 1 - EES Private Security Professional Services Agreement Attachment 2 - Amendment No. 2- EES Private Security

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Amendment
No. 2

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AMENDMENT NO. 2
AMENDMENT NO. 2 TO
Private Patrol Security Guard Services
This is Amendment No. 2 (“Amendment No.2”) to that certain Private Patrol Security Guard Services (“Agreement”) made on 20th day of February, 2024 between the City of Yorba Linda (“City”) and EES Private Security (“Consultant”), which this Amendment No. 2 is made and entered into on the 21
st day of April, 2026, to extend the agreement for a
(1)-year period:

1. Capitalized terms used but not defined in this Amendment No. 2 shall have the meanings ascribed to them in the Agreement.

2. Section 1.1, “Term of Services” is amended to read as follows:

2.1 Term of Services. The term of this Agreement shall begin on April 21, 2026 and shall end on March 31, 2027 unless the term of the Agreement is otherwise terminated or extended as provided for in Section 8. The time provided to Consultant to complete the services required by this Agreement shall not affect the City's right to terminate the Agreement, as provided for in Section 8.

Exhibit C, “Compensation” is supplemented to include the supplement attached as Exhibit C hereto.

Section 3. All other terms and conditions of the Agreement remain in full force and effect.

Section 4. This Amendment No. 2 may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one agreement.

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AMENDMENT NO. 2

EXHIBIT C

COMPENSATION
Total Hourly Costs (includes administrative and support costs):

Regular hourly service
Thirty-three dollars and fifty cents ($33.50) per hour
Overtime and holiday hours
Fifty dollars and twenty-five cents ($50.25) per hour.

In the event this Agreement is renewed pursuant to Section 1.2, the rates set forth above shall be adjusted each year at the time of renewal described in “Exhibit B” in accordance with the Consumer Price Index, All Urban Consumers, Los-AngelesRiverside-Orange Counties.

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AMENDMENT NO. 2
IN WITNESS WHEREOF, the Parties hereto have executed and entered into this agreement as of the Effective Date.

CITY OF YORBA LINDA
___________________________ ______________________________ Carlos Rodriguez, Mayor Bobby Slater, Vice President
Attest:
___________________________ ______________________________ Marcia Brown, City Clerk Jake Mahan, President
Approved as to Form:
[Note: 2 officer’s signatures required if
Consultant is a corporation, unless provided
With a certificate of secretary in-lieu]
________________________
Todd Litfin, City Attorney

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PARKS AND RECREATION DEPARTMENT
DATE: APRIL 21, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: MIKE KUDRON, DIRECTOR OF PARKS AND RECREATION
SUBJECT: APPROVE AGREEMENTS WITH GREENSKIES CLEAN ENERGY LLC.

RECOMMENDATION
Approve the revised Consent to Collateral Assignment Agreements with Greenskies Clean Energy LLC for the solar canopy projects at the Library, Community Center, and Black Gold Golf Club.

DISCUSSION
On October 21, 2025, the City Council approved the transfer of the Energy Services Agreements for the Solar Canopy Project from ForeFront Power to Greenskies Clean Energy LLC. ForeFront, the original project developer, requested this assignment under the agreement terms approved by the City Council in July 2023. Construction of the solar canopies at the Library, Community Center, and Black Gold Golf Club is complete and have permission to operate from Southern California Edison.

Greenskies is ForeFront’s financing partner and intends to assume all responsibilities under the agreements with no changes to contract terms or power purchase rates. However, the Greenskies’ lender has requires minor revisions to the Consent to Collateral Assignment Agreements. The City Attorney has reviewed and approved the revisions.

FISCAL IMPACT
None.

ALTERNATIVES
Do not approve the recommended action and provide alternative direction.

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APPROVE AGREEMENTS WITH GREENSKIES CLEAN ENERGY LLC.

P a g e | 2

ATTACHMENTS

1. Introduction correspondence from Greenskies

2. Omnibus Amendment to Energy Services Agreements – Solar

3. Schedule 2 – Consent to Collateral Assignment of Solar Project Documents and Equipment Subordination

4. Consent to Assignment of Project Documents and Acknowledgment

5. Exhibit C – Net Energy Metering Successor Tariff

6. Consent to Collateral Assignment Yorba Linda (Community Center) clean execution version

7. Consent to Collateral Assignment Yorba Linda (Golf) clean execution version

8. Consent to Collateral Assignment Yorba Linda (Library) clean execution version Consent to Collateral Assignment Redline Version

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Page • 1 127 Washington Ave., West Bldg., Lower Level, North Haven, CT 06473 (860) 398-5408 • greenskies.com

CONFIDENTIAL
David Christian
Assistant City Manager
4845 Casa Loma Avenue
Yorba Linda, CA 92886
Dear Mr. Christian,
We’re pleased to have this opportunity to work directly with you as the builder and owner of your solar project(s). As we step into this role, our team is committed to ensuring a smooth transition and delivering the highest level of service, reliability, and performance throughout the life of your system.

Greenskies is a leading U.S. developer of commercial- and industrial-scale solar energy systems with a national footprint and a proven track record of success. Since our founding in 2009, we’ve developed and constructed more than 340 megawatts of solar capacity across over 640 installations in 19 states, including many projects for municipal and public-sector customers.

Our projects with them represent over 80 megawatts across more than 240 installations.

In California, our recent work includes the successful development and installation of 25 megawatts statewide. Our team has the experience and capacity to take on large, multi-site portfolios efficiently and reliably.

As a fully integrated solar platform, Greenskies manages the entire project lifecycle in-house, including design, engineering, financing, construction, and long-term operations and maintenance. This structure enables us to deliver consistent, high-performing solar assets with a single point of accountability, ensuring transparency and continuity throughout the process.

Greenskies is owned by a group of respected infrastructure investors: JLC Infrastructure, Allstate Investments, and Hull Street Energy. Together, our ownership group brings robust financial backing, long-term stability, and a shared commitment to clean energy and community impact.

The company has over 140MW under ownership.

Now, with immediate capacity, our team is fully prepared to assume control of your projects. We understand your concerns regarding NEM and the project schedule. Please rest assured that we are fully committed to delivering your projects on time and meeting all necessary deadlines. Our team is actively working to ensure a smooth and timely completion, closely coordinating with ForeFront Power to streamline efforts and keep everything on track. We will continue to provide updates and maintain transparency throughout the process.

To facilitate this transition, we’d like to introduce your dedicated Greenskies team, who will be joining upcoming joint meetings:
 Mike Galvez, Director of Project Delivery - [email protected]  Erik Rimpley – Project Engineer - [email protected]  Karen Hernandez, Project Finance Associate – [email protected]

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Page • 2 127 Washington Ave., West Bldg., Lower Level, North Haven, CT 06473 (860) 398-5408 • greenskies.com

CONFIDENTIAL
We look forward to presenting a more detailed overview of our experience and approach. Thank you for the opportunity to serve your community’s renewable energy goals. We’re excited to partner with you to deliver clean, cost-effective solar energy for years to come.

Sincerely,
Eric Zenner
COO
[email protected]
(860) 398-5408

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OMNIBUS AMENDMENT (Yorba Linda)

OMNIBUS AMENDMENT TO
ENERGY SERVICES AGREEMENTS – SOLAR
This Omnibus Amendment to Energy Services Agreements (this “Amendment”) is entered into as of [___________], 2025, and is by and between FFP BTM Solar, LLC, a Delaware limited liability company (“Provider”), and the City of Yorba Linda (“Purchaser”). In this Amendment, Provider and Purchaser are sometimes referred to individually as a “Party” and collectively as the “Parties.” Terms not otherwise defined herein shall have the meanings set forth in the relevant Original Agreement.

RECITALS
WHEREAS, the Parties entered into those certain Energy Services Agreements more particularly described on Schedule 1 (each, an “Original Agreement”), which incorporate those certain General Terms and Conditions of Energy Services Agreement between Provider and Purchaser, dated July 18, 2023 (the “General Conditions”); WHEREAS, each Original Agreement, excluding the General Conditions, are referred to herein as the “Special Conditions”;
WHEREAS, the Parties desire to amend each Original Agreement on the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the foregoing recitals, and the mutual premises, representations, warranties, covenants, conditions herein contained, the Original Agreement is amended as follows.

1. Special Conditions Amendments.

A. Section 2 of each Special Conditions is hereby amended by deleting such section in its entirety and replacing it with the following:
“2. Initial Term. The Initial Term of this Agreement shall commence on the Effective Date and shall continue for Twenty (20) years from the Commercial Operation Date, unless and until extended or terminated earlier pursuant to the provisions of this Agreement (the ‘Initial Term’). Prior to the end of the Initial Term or of any applicable Renewal Term (as defined below) either Party may give the other Party written notice of its desire to extend the Agreement on the terms and conditions set forth herein for three additional periods of five (5) years each (each such additional period, a ‘Renewal Term’). Such notice shall be given, if at all, not more than one hundred twenty (120) and not less than sixty (60) days before the last day of the Initial Term of the then current Renewal Term, as applicable. The Party receiving the notice requesting a Renewal Term shall respond positively or negatively to that request in writing within thirty (30) days after receipt of the request. Failure to respond within such thirty (30) day period shall not be deemed an acceptance of the offer for a Renewal Term. Such acceptance shall only be binding and effective upon express written notification of same. The Renewal

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OMNIBUS AMENDMENT (Yorba Linda)
Term shall begin immediately upon the conclusion of the Initial Term or the then current Renewal Term on the same terms and conditions as set forth in the Agreement as in effect immediately prior to the extension in question with the exception of the pricing thereof, which the Parties shall negotiate in good faith. If the Party receiving the request for a Renewal Term rejects or is deemed to reject the other Party’s offer, the Agreement shall terminate in accordance with its terms at the end of the Initial Term (if the same has not been extended) or the then current Renewal Term.”
B. Section 12 of each Special Conditions is amended by adding the following language to the end of such section: “Purchaser acknowledges that unobstructed access to sunlight (“100% Insolation”) is essential to Provider’s performance of its obligations and a material term of the Project Documents for each System. Purchaser agrees not to cause and, where possible, not permit any interference with each System’s 100% Insolation except with respect to those structures and trees in existence as of the date of this Amendment. If Purchaser becomes aware of any activity or condition that could diminish the 100% Insolation of the System, Purchaser shall notify Provider promptly in writing and shall cooperate with the Provider to retain 100% Insolation. Provider may seek specific enforcement of this provision against Purchaser without the necessity of posting a bond and without the Purchaser’s contesting that an adequate remedy at law exists for the Provider.”
C. A new Section 14 shall be added to each Special Conditions as follows:
“14. Water Source. Purchaser confirms the Premises has a water source on site which Provider may use free of charge for the useful life of the System in question solely for washing with such quantities of water available at all times when and as would be needed by a system similar to the System for its installation, operation and maintenance (all as dictated by prudent industry practices for similar systems in the county of the Premises) but so as not to exceed 750 gallons every six months per System.”

2. General Conditions Amendments. The General Conditions, only to the extent they apply to each Original Agreement, are hereby amended as follows:

A. Section 2.4 of the General Conditions is amended by deleting “ninety (90)” and replacing it with “one hundred and eighty (180)”.

B. Section 13.1 of the General Conditions is amended by deleting the second sentence of Section 13.1 and replacing it as follows: “Purchaser understands that as is customary for systems similar to the System, Provider intends to enter into financing and/or sale/leaseback arrangements with respect to the System and in the event that Provider identifies a Financing Party to Purchaser, then (i) Purchaser shall comply with the provisions set forth in Exhibit A of these General Terms and Conditions, (ii) Purchaser agrees to provide such standard and customary estoppels

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OMNIBUS AMENDMENT (Yorba Linda)
as Provider may request, including, but not limited to, execute an agreement which may be of form and substance as set forth in Exhibit D hereto, if such Financing Party determines acting reasonably that the facts and circumstances warrant execution of such estoppels and (iii) Purchaser will cooperate in good faith with Provider in reviewing, negotiating and executing such agreement when requested by Provider (but with such variations as are appropriate to account for any specific circumstances involving the System that are extraordinary to systems similar to the System). In no event shall Purchaser’s rights in the Agreement be infringed or deleted pursuant to this Section 13.1, Exhibit D, or any such assignment hereunder.”
C. A new Exhibit D shall be added to the General Conditions, in the form of Schedule 2 attached hereto.

3. Status of Original Agreement. All provisions of each Original Agreement that are not expressly amended by this Amendment shall continue in full force and effect.

4. Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original and all of which shall constitute one and the same agreement.

5. Severability. Whenever possible, each provision of this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment.

6. Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE

PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN

ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE.

7. Successors and Assigns. This Amendment shall be binding upon and shall inure to the benefit of the Parties hereto and their respective successors and assigns. [signatures follow]

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OMNIBUS AMENDMENT (Yorba Linda)
IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their respective duly authorized representatives on the date hereof.

PROVIDER:

FFP BTM Solar, LLC
By:__________________________
Name:

Title:

PURCHASER:

City of Yorba Linda
By:__________________________
Name:

Title:

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Schedule 1
Original Agreements

1. Energy Services Agreement – Solar effective September 20, 2023 for the Black Gold project located at 1 Black Gold Drive, Yorba Linda, CA 92886, as amended by that Upgrades, Scope and/or Schedule Change Acknowledgment dated October 22, 2024

2. Energy Services Agreement – Solar effective September 20, 2023 for the Community Center project located at 4501 Casa Loma Ave, Yorba Linda, CA 92886

3. Energy Services Agreement – Solar effective September 20, 2023 for the Library project located at 4852 Lakeview Ave., Yorba Linda, CA 92886

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Schedule 2
See Attached:
“Consent to Collateral Assignment of Solar Project Documents and Equipment Subordination”

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Form of Consent

CONSENT TO COLLATERAL ASSIGNMENT OF SOLAR PROJECT DOCUMENTS

AND EQUIPMENT SUBORDINATION
This Consent to Collateral Assignment of Solar Project Documents and Equipment Subordination, dated as of _____________, 202_ (this “Consent”), is made by ______________________________ (“Host”), and ____________________________ (“Company"), and is provided for the benefit of ______________(“Construction Lender”) and ______________________(“SLB Lessor”), in connection with those certain solar project documents including that certain consent to assignment to the Company (“Solar Project Documents”) identified in Schedule A to this Consent, and relates to the solar photovoltaic systems (“Systems”) located at the sites (“Sites”) identified and described in Schedule B to this Consent.

Capitalized terms used and not otherwise defined herein shall have the meanings ascribed thereto in the Solar Project Documents. The term “Financing Party,” as used in this Consent, shall refer to Construction Lender prior to the Sale Leaseback Transaction (as such term is defined herein) for a specific System, and to SLB Lessor on or after the Sale Leaseback Transaction for the specific System.

1. Acknowledgment and Consent.
a. Host acknowledges that Company is entering into a construction financing agreement with Construction Lender to finance the building of one or more Systems (“Construction Financing”) and will enter into one or more sale-leaseback transactions (each a “Sale Leaseback Transaction”, collectively the “Sale Leaseback Transactions”) with ___________, whereby Company will sell its rights, interests and obligations in and to the Systems to ___________, and in connection therewith __________ will lease the Systems to Company (collectively, the "Transactions").
b. Host acknowledges that, as a part of the Transactions, Company shall assign the Solar Project Documents to [_____], or a sister entity thereto, not long after the date hereof, and may subsequently further assign the Solar Project Documents to another sister entity in connection with the Transactions (collectively the "Provider Assignees"). c. In order to secure its obligations under the Transactions, Company (i) is collaterally assigning and granting to Construction Lender a first-priority security interest in all of Company’s right, title and interest in, to and under the Solar Project Documents including, without limitation, all of Company’s rights to receive payments under or with respect to the Solar Project Documents, in connection with the Construction Financing, and (ii) in connection with the Sale Leaseback Transactions (A) will convey the Systems to SLB Lessor, (B) will collaterally assign and grant to SLB Lessor a first-priority security interest in all of Company’s right, title and interest in, to and under the Solar Project Documents (to the extent the security interest of Construction Lender is released) including, without limitation, all of Company’s rights to receive payments under or with respect to the Solar Project Documents, (C) is assigning and granting a non-exclusive license to the access rights set forth in the Solar Project Documents, and

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(D) acknowledging and agreeing that the Financing Party shall not be bound by the terms of the Solar Project Documents unless and until Financing Party becomes a party to such Solar Project Documents.
d. To the extent consent is not already granted in the Solar Project Documents, Host consents to the transactions set forth in subparts (a) through (c) above.

2. Financing Party's Rights. Notwithstanding any contrary term in the Solar Project Documents:
a. Host agrees that Host will provide to Financing Party notice of any default by Company and other material notices under the Solar Project Documents and will permit Financing Party the same cure periods as are available to Company under the Solar Project Documents, provided that Financing Party shall have an additional ninety (90) days to cure any default Company did not cure within the cure period permitted, so long as Financing Party is diligently proceeding to cause a cure; and further provided that any period to cause a cure shall be tolled if Financing Party is prohibited from curing any default due to bankruptcy of Company or by any other process, stay or injunction issued by any court or governmental authority. b. If, in connection with the exercise of any of its rights and remedies, Financing Party elects to exercise step-in rights under the Solar Project Documents, Financing Party shall use commercially reasonable efforts to ensure that the System remains under the care of a Qualified Operator. A “Qualified Operator” is a business organization which has the skillset and experience to operate and service the System in accordance with the terms of the Solar Project Documents.
c. If Financing Party transfers Company’s interests in the Solar Project Documents to a third party (an “Assignee”), so long as the Assignee is also a Qualified Operator, (i) Host shall recognize the respective Assignee as the counterparty under the Solar Project Documents; (ii) Host shall continue to perform its obligations under the Solar Project Documents in favor of such Assignee; and (iii) Financing Party shall be released from any further liability thereunder (other than those obligations arising prior to the date of such assignment or those obligations that are not assumed).

3. Representations and Warranties of Host. Host hereby represents and warrants to Financing Party as follows:
a. Host is duly organized, validly existing and in good standing under the laws of the _______________ and has all requisite power and authority to execute and deliver, and to perform its obligations under, the Solar Project Documents and this Consent; b. the execution, delivery and performance by Host of this Consent have been duly authorized by all necessary action and, as of the date hereof, do not require any further consents or approvals that have not been obtained;
c. the execution, delivery and performance by Host of this Consent will not (i) violate any provision of any law, regulation, order, judgment, injunction or similar matters applicable to it; or (ii) conflict with, result in a breach of or violate any of the terms, conditions

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or provisions of Host’s formation, constituent or governing documents; d. this Consent and the Solar Project Documents are legal, valid and binding obligations of Host enforceable against Host in accordance with their respective terms except as may be limited by bankruptcy, insolvency and other laws affecting creditors’ rights in general; e. as of the date hereof, Host has no knowledge of a Force Majeure event having occurred under the Solar Project Documents; and
f. as of the date hereof, Host has not taken any official action or entered into any approval to exercise any purchase option available to Host in connection with the Systems.

Representations and Warranties of Company. Company hereby represents and warrants to Financing Party and Host that the Company has the full power, authority and legal right to execute, deliver and perform its obligations under this Consent and the Solar Project Documents. This Consent has been duly executed and delivered by Company, and this Consent and the Solar Project Documents are legal, valid and binding obligations of Company enforceable against Company in accordance with their respective terms except as may be limited by bankruptcy, insolvency and other laws affecting creditors’ rights in general.

4. Confirmation and Agreement. Host confirms the following matters for the benefit of Financing Party with respect to the Solar Project Documents and the Systems. a. To Host’s knowledge, neither Host nor Company has defaulted nor does there currently exists an event or condition that would, with the giving of notice or lapse of time, constitute a Host or Company default under the Solar Project Documents. b. Host owns the Sites where the Systems have been or will be installed.

Host acknowledges and agrees that the Site specifications in Schedule B are correct. [If Host is a Lessee and not a Site Owner: Host confirms that it has a leasehold interest in the Sites, pursuant to that [Site Control Document] with [Landlord] and such leasehold interest is sufficient for Host to fulfill its obligations under the Solar Project Documents. Host further confirms that it has entered into a non-disturbance agreement with [Landlord] wherein [Landlord] (i) disclaims all ownership in the Equipment, (ii) agrees that, provided Company is not in default, Company’s right to undisturbed possession of the Site shall not be infringed for the term of the Solar Project Documents, and (iii) both Construction Lender and SLB Lessor are each a third-party beneficiary of such non-disturbance agreement].
c. The interest of Financing Party in the Systems shall at all times be superior to any interest Host may now or hereafter have in the System, and Host hereby subordinates any lien, encumbrance or interest heretofore or hereafter created that Host may have in the System, whether such lien, encumbrance or interest is statutory or by agreement, to the title, lien, encumbrance or interest of Financing Party, regardless of the timing or order of creation or any perfection, and whether or not any System (or any part thereof) is deemed a fixture on the Sites. Host agrees that the Systems are, and shall at all times remain, personal

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property notwithstanding that it may be installed on or affixed to the Sites. d. Without limitation of the foregoing, Host grants to Financing Party and its agents, employees and contractors a license to enter upon the Sites and remove the Systems for up to one hundred eighty (180) days after notice to Financing Party of the termination or expiration of the Solar Project Documents, with such one hundred eighty (180) day period being tolled for any period of time during which Financing Party is stayed from removing the Systems by a proceeding in bankruptcy with respect to Company.
e. Host agrees not to hinder such exercise of remedies under the Solar Project Documents or this Consent. If Financing Party elects to remove the System Financing Party shall perform such removal in accordance with the terms of the Solar Project Documents, provided that Financing Party shall have no obligations to remove substructures installed in order to support the System.
f. The Solar Project Documents are in full force and effect and have not been amended except as explicitly indicated in Schedule A, and there are no other agreements or representations of any kind between Host and Company other than the Solar Project Documents listed in Schedule A.
g. Host will use commercially reasonable efforts to place its direct successors, assigns and lien holders on notice of the ownership of the Systems by Financing Party, the existence of Financing Party’s security interest in the Solar Project Documents, and the fact that the Systems are not part of the Sites or fixtures thereof, as necessary and appropriate to avoid confusion or adverse claims.
h. Host acknowledges that, under the Transaction, Company is not permitted to agree to an amendment or assignment of the Solar Project Documents without the prior written consent of Financing Party, which shall not be unreasonably withheld, conditioned, or delayed.
i. Host will use commercially reasonable efforts to deliver to Financing Party, concurrently with delivery to Company, duplicates or copies of all requests, demands or notices of, or with respect to, default, suspension or termination, or any claim or force majeure event or exercise of any purchase option, delivered by Host to Company under or pursuant to the Solar Project Documents. Notwithstanding the previous sentence, Host shall not be liable for failure to deliver notices under this Section 5(i).
j. There is no mortgage, financing statement, fixture filing, lien, or other encumbrance (a “Lien”) attached to any of the Sites described in the Solar Project Documents.

Notwithstanding the foregoing, if Company or Financing Party discovers a Lien on one or more of the Sites that could reasonably be construed as prospectively attaching to one or more Systems, Host will secure, or otherwise cooperate with Company and Financing Party to secure, any non-disturbance agreement, lien waiver, disclaimer, or other documentation (“Waiver Documentation”) determined by Financing Party as necessary and appropriate to avoid confusion or adverse claims.
k. There is no easement, license, restrictive covenant, or other such real

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estate interest (“Site Interest”), whether possessory or non-possessory, that will adversely affect Company’s ability to develop, construct, operate, maintain, and decommission any of Systems in accordance with the Solar Project Documents. Notwithstanding the foregoing, if Company or Financing Party discovers a Site Interest on one or more of the Sites that could reasonably be construed as prospectively adversely affecting Company’s ability to comply with the Solar Project Documents, Host will secure or otherwise cooperate with Company and Financing Party to secure any Waiver Documentation determined by Financing Party as necessary and appropriate to permit full compliance with the Solar Project Documents. l. [Appropriation Language, if applicable] Host confirms that it intends to fulfill its obligations under the Solar Project Documents, including ensuring that sufficient monies are appropriated in accordance with applicable law. m. Host and Company confirm as of the date hereof, no liquidated damages or other such payments are due and owing.

5. General.
a. Unless otherwise expressly specified or permitted by the terms hereof, all communications and notices provided for herein shall be in writing, and any such communication or notice shall become effective (i) upon personal delivery thereof, including, without limitation, by overnight mail or courier service; (ii) in the case of notice by United States mail, certified or registered, postage prepaid, return receipt requested, upon receipt thereof; or (iii) in the case of notice by email or facsimile, upon confirmation of receipt thereof in writing by the intended recipient, and provided such email or facsimile transmission is promptly further confirmed by any of the methods set forth in clauses (i) or (ii) above, in each case addressed to each party hereto at its address set forth below or, in the case of any such party hereto, at such other address as such party may from time to time designate by written notice to the other parties hereto:

If to Host:

If to Financing Party:

Construction Lender
Attn:

SLB Lessor
If to Company:

Clean Focus Yield LLC
127 Washington Avenue
West Bldg, Garden Level
North Haven, CT 06473

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Attn: Stanley Chin and General Counsel
b. This Consent may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Consent by facsimile or e-mail (including “pdf” format) or other electronic means shall be effective as delivery of an original executed counterpart of this Consent.
c. In case any provision of this Consent, or the obligations of any of the parties hereto, shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions, or the obligations of the other parties hereto, shall not in any way be affected or impaired thereby, and the parties hereto shall negotiate in good faith to replace such invalid, illegal or unenforceable provisions.
d. This Consent shall be binding upon and benefit the successors and assigns of Host, Company and their respective successors, transferees and assigns. No termination, amendment, variation or waiver of any provisions of this Consent shall be effective unless in writing and signed by Host and Company and consented to by Financing Party. e. Except as expressly modified by this Consent, all other terms and provisions of the Solar Project Documents are and remain in full force and effect. This Consent shall be governed by and construed in accordance with the laws of the State of New York. f. Each Power Purchase Agreement listed in Exhibit A constitutes a service contract and not a lease of property pursuant to Section 7701(e)(1) of the Internal Revenue Code, in accordance with Section 7701(e)(3) of the Internal Revenue Code. g. Host will from time to time, upon the written request of Financing Party, execute and deliver such further documents and do such other acts and things as Financing Party may reasonably request in order to effectuate more fully the purposes of this Consent. h. To the extent not prohibited by applicable law, the parties hereto hereby irrevocably waive all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Consent. i. This Consent is the entire agreement pertaining to the matters discussed herein and shall supersede all oral and written representations and negotiations and prior agreements, if any, related to the subject matter hereof. [Signatures follow on next page.]

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Signature Page
IN WITNESS WHEREOF, the parties hereto by their officers thereunto duly authorized have duly executed this Consent as of the date first set forth above. [COMPANY]
By: ___________________________________
Name:
____________________________________
Title:__________________________________
____
[HOST]
By: ___________________________________
Name:
____________________________________
Title:__________________________________
____
Accepted: [Financing Party]
_____________
By: ___________________________________
Name: ________________________________
Title:__________________________________
By: ___________________________________
Name: ________________________________
Title:__________________________________

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Schedule A
Power Purchase Agreements (“PPAs”)
Site Control Agreements

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4817-1562-9220.1
Schedule B
Sites and Specifications
To be provided

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CONSENT TO ASSIGNMENT OF

PROJECT DOCUMENTS AND ACKNOWLEDGMENT
This Consent to Assignment of Project Documents and Acknowledgment, dated as of _____________, 2025 (this “Consent”), is made by City of Yorba Linda (“Purchaser”) and Greenskies Clean Energy LLC, a Delaware limited liability company (“GCE”) in connection with those certain power systems:
(a) to be built as noted in Exhibit A to this Consent (the “Systems”); (b) to be located at the sites identified and described in Exhibit A to this Consent (the “Sites”); and
(c) the associated agreements and documents associated with such Systems and Sites including without limitation those identified in Exhibit A to this Consent (collectively such agreements and documents, the “Project Documents”).

Capitalized terms used and not otherwise defined herein shall have the meanings ascribed thereto in the Project Documents.

1. Consent to Assignment and Change of Control.
a. An affiliate of GCE (the “GCE Owner”) will take over the development, design, procurement, construction, operation, maintenance and ownership of the Systems at the Sites by means of a purchase of all the rights, contracts and other assets related to such Systems (collectively, the “Transaction”) and GCE wishes that the Purchaser hereby gives its unconditional and irrevocable consent to the Transaction (the “Confirmation”) for the benefit of GCE and the GCE Owner and all of the their successors and assigns including their financing parties and future assignees. Effective as of the date of this Consent, the Purchaser hereby gives the Confirmation to GCE for the benefit of GCE and the GCE Owner and their successors and assigns including to the assignment of all of the Project Documents (the “Assignment”) to the GCE Owner. Purchaser acknowledges that upon Assignment, GCE Owner shall have all the rights of “Provider” under each Project Document, including to perform and enforce the respective obligations thereunder.

Purchaser’s Confirmation and consent to the Assignment waives any termination, acceleration, damages or similar rights that would otherwise result under any Project Document as a result of the Assignment or Transaction. Upon Assignment, GCE will be bound by and obligated to perform all of the obligations and duties of “Provider” under the Project Documents. b. Any provision for notices under any Project Document is hereby revised so that the Purchaser give notices as follows:

Greenskies Clean Energy LLC
127 Washington Avenue
West Bldg, Garden Level
North Haven, CT 06473
Attn: General Counsel

2. Representations and Warranties of Purchaser. Purchaser hereby represents and warrants to Provider, Assignee and GCE as follows:

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a. Purchaser is duly organized, validly existing and in good standing under the laws of the State of California and has all requisite power and authority to execute and deliver, and to perform its obligations under, the Project Documents and this Consent; b. the execution, delivery and performance by Purchaser of this Consent have been duly authorized by all necessary action and, as of the date hereof, do not require any further consents or approvals that have not been obtained;
c. the execution, delivery and performance by Purchaser of this Consent will not (i) violate any provision of any law, regulation, order, judgment, injunction or similar matters applicable to it; or (ii) conflict with, result in a breach of or violate any of the terms, conditions or provisions of Purchaser’s formation, constituent or governing documents; d. all representations made by Purchaser in the Project Documents were true and correct as of the date the same were made and as of the date hereof; e. this Consent and the Project Documents are legal, valid and binding obligations of Purchaser enforceable against Purchaser in accordance with their respective terms except as may be limited by bankruptcy, insolvency and other laws affecting creditors’ rights in general;
f. the Project Documents are in full force and effect and have not been amended except as explicitly indicated in Exhibit A, and there are no other agreements or representations of any kind between Purchaser and Provider other than the Project Documents listed in Exhibit A; and
g. as of the date hereof, no liquidated damages or other such payments are due and owing under any Project Document.

3. Acknowledgment and Confirmation. Purchaser confirms with respect to the Project Documents, Sites and the Systems as follows.
a. Pursuant to Section 7.1 of the Special Conditions, Provider hereby confirms as of the date hereof, that the interconnection application(s) for each System are currently in good standing such that each System is eligible for NEM 2.0 grandfathering. Purchaser acknowledges that the Local Electric Utility’s Schedule NEM-ST: Net Energy Metering Successor Tariff (the relevant sections attached hereto as Exhibit C) confirms that customers receiving service pursuant to such schedule are eligible to continue receiving service under such schedule for a period of 20 years from the date of such generating facility’s interconnection to the Local Electric Utility’s grid. Therefore, Purchaser hereby confirms that its termination rights set forth in Section 7.1 of the Special Conditions are waived unless the applicable System loses its NEM 2.0 grandfathering status due to Provider’s failure to keep the relevant interconnection application in good standing prior to the Commercial Operation Date.

4. FFP BTM Solar, LLC (“Provider”) is signing this Consent for purposes of confirming the following to Purchaser: As of the date hereof, the interconnection applications for each System are currently in good standing such that each System is eligible for NEM 2.0

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grandfathering pursuant to the relevant Local Electric Utility tariff.

5. General.
a. This Consent may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

Delivery of an executed counterpart of a signature page to this Consent by facsimile or e-mail (including “pdf” format) or other electronic means shall be effective as delivery of an original executed counterpart of this Consent.
b. In case any provision of this Consent, or the obligations of any of the parties hereto, shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions, or the obligations of the other parties hereto, shall not in any way be affected or impaired thereby, and the parties hereto shall negotiate in good faith to replace such invalid, illegal or unenforceable provisions.
c. This Consent shall be binding upon and benefit the successors and assigns of Purchaser and GCE and their respective successors, transferees and assigns. No termination, amendment, variation or waiver of any provisions of this Consent shall be effective unless in writing and signed by Purchaser and GCE.
d. Except as expressly modified by this Consent, all other terms and provisions of the Project Documents are and remain in full force and effect. This Consent shall be governed by and construed in accordance with the laws of the State of California. [Signatures follow on next page.]

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Signature Page
IN WITNESS WHEREOF, the parties hereto by their officers thereunto duly authorized have duly executed this Consent as of the date first set forth above.

PURCHASER:

By: ___________________________________
Name:________________________________
Title:_________________________________
GCE:

By: ___________________________________
Name:________________________________
Title:_________________________________
PROVIDER (FOR PURPOSES OF SECTION 4):

By: ___________________________________
Name:________________________________
Title:_________________________________

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Exhibit A
Exhibit A
Project Documents
Energy Services Agreement – Solar dated September 20, 2023 for the Black Gold project located at 1 Black Gold Drive, Yorba Linda, CA 92886, as amended by that Upgrades, Scope and/or Schedule Change Acknowledgment dated October 22, 2024
Energy Services Agreement – Solar dated September 20, 2023 for the Community Center project located at 4501 Casa Loma Ave, Yorba Linda, CA 92886
Energy Services Agreement – Solar dated September 20, 2023 for the Library project located at 4852 Lakeview Ave., Yorba Linda, CA 92886
(collectively, the “Special Conditions”)
General Terms and Conditions of Energy Services Agreement dated July 18, 2023 (“General Terms and Conditions”).

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Exhibit B
Exhibit B
Not used.

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Exhibit C
Exhibit C
See Attached:

SCE Schedule NEM-ST: Net Energy Metering Successor Tariff

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Southern California Edison Revised Cal. PUC Sheet No. 87547-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 85445-E

Schedule NEM-ST Sheet 1

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 5203-E Michael Backstrom Date Submitted Feb 12, 2024 Decision 23-11-068 Vice President Effective Feb 15, 2024 1C11 Resolution

APPLICABILITY
This Schedule is applicable to Eligible Customer-Generators (Customers) served on time-of-use (TOU) rates who elect to install a Renewable Electrical Generating Facility(ies) (Generating Facility(ies)) pursuant to California Public Utilities (PU) Code Section 2827.1 and California Public Utilities Commission (Commission) Decision (D.)16-01-044, subject to the additional terms and conditions contained herein and any other applicable state or federal laws.

This Schedule is closed to new Customers as of April 15, 2023, except NEM Aggregation (NEM-A) Customers subject to Special Condition 5. Customers who received service on this Schedule, or who had submitted all documentation necessary to receive service on this Schedule prior to April 15, 2023, are subject to the Legacy provisions pursuant to Special Condition 8 and the Sunset Date provisions pursuant to Special Condition 10 below.

This Schedule is closed to new NEM-A customers as of February 15, 2024. Customers who received service on this Schedule pursuant to Special Condition 5 will remain eligible for this Schedule.

Customers who participate in Direct Access (DA), Community Choice Aggregation (CCA) or Community Aggregation (CA) Service are eligible for service under this Schedule consistent with the NEM services that SCE provides to its Bundled Service Customers, except as otherwise provided herein, provided the Customer’s Electric Service Provider (ESP), Community Choice Aggregator or Community Aggregator offers a NEM tariff or program consistent with the provisions of this Schedule. DA, CCA or CA Service Customers must look to their ESP, Community Choice Aggregator or Community Aggregator for NEM services related to the generation charges and credits that result from receiving service under this Schedule.

This Schedule is also applicable to (a) eligible Customers who elect to participate in NEM Aggregation (NEM-A) (see Special Condition 5 below), (b) Customers who install eligible NEMPaired Storage Systems (see Special Condition 6 below), or (c) Customers whose Generating Facility(ies) meets the definition of a Multiple Tariff Generating Facility (see Special Condition 7 below).

NEM-ST Legacy Eligible Customer-Generators, as defined in Special Condition 8, who replace a Renewable Electrical Generating Facility due to impacts of a Natural Disaster will remain eligible under this Schedule pursuant to Special Condition 9.

TERRITORY
Within the entire territory served.
(T)
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(T)

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Southern California Edison Revised Cal. PUC Sheet No. 66518-E Rosemead, California (U 338-E) Cancelling Original Cal. PUC Sheet No. 58729-E

Schedule NEM-ST Sheet 2

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 3957-E R.O. Nichols Date Filed Feb 27, 2019
Decision 18-07-006 President Effective Mar 1, 2019
2C12 18-11-027 Resolution
RATES
All terms and conditions of the Customer’s Otherwise Applicable Tariff (OAT) apply, except as provided below.

1. Mandatory TOU Rates.
a. To be an Eligible Customer-Generator, the Customer must receive service on a TOU rate schedule (which is then considered the Customer’s OAT for the purpose of this Schedule), with no exceptions and no option to opt-out to an underlying rate option that is not time differentiated, at the time the Customer begins service on this Schedule, except as provided in 1.e below.
b. The default TOU rate for Residential Customers taking service under this Schedule is Schedule TOU-D, Option 4 to 9 p.m., though Residential Customers may elect another TOU rate option for which they are eligible.
c. Residential Customers who are served under this Schedule or who submit all documentation necessary to receive service under this Schedule prior to the implementation of default Residential TOU rates in SCE’s service territory (expected to be in 2019, subject to Commission direction) have the option to stay on the TOU rate that they are served on at that time for a period of five years from the date the Customer commenced service on that TOU rate.
d. Any Residential Customer who submits all necessary documentation for service under this Schedule after default Residential TOU rates have been implemented in SCE’s service territory (expected to be in 2019, subject to Commission direction) shall be put on the appropriate default TOU rate as a condition of receiving service under this Schedule. Such Customers may opt out of their default TOU rate, but must switch to another available TOU rate for which they are eligible in order to continue receiving service under this Schedule. e. Residential Customers for whom an eligible TOU rate option does not exist (e.g., including but not necessarily limited to customers served on Schedules DM, DMS-1, DMS-2 and DMS-3) are eligible for service on this Schedule while on a non-TOU rate but must begin receiving service on a TOU rate option for which they are eligible as soon as one becomes available in order to continue receiving service on this Schedule. (T)

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Southern California Edison Revised Cal. PUC Sheet No. 74879-E Rosemead, California (U 338-E) Cancelling Original Cal. PUC Sheet No. 58730-E

Schedule NEM-ST Sheet 3

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 4882-E-B Michael Backstrom Date Submitted Aug 9, 2023 Decision Vice President Effective Jul 27, 2023
3C11 Resolution
RATES (continued)

2. Nonbypassable Charges (NBCs).

For the purpose of this Schedule only, NBCs include the following rate components, as provided in the Customer’s OAT: (1) Public Purpose Programs Charge (PPPC), (2) Nuclear Decommissioning Charge (NDC), (3) Competition Transition Charge (CTC), and (4) Wildfire Fund Non-Bypassable Charge (WFC) .

As determined in each billing period, a Customer is responsible for NBCs, assessed on a $-perkilowatthour (kWh) basis using the NBC factors contained in the Customer’s OAT, for each kWh of electricity that is consumed/imported from the grid net of exports (i.e., net consumption) in each metered interval (e.g., one hour or 15-minute). For example, if a Customer consumes/imports 5 kWh from the grid in a metered interval and exports 3 kWh to the grid in that same metered interval, the Customer is assessed NBCs on 2 kWh for that metered interval.

If a Customer consumes/imports 2 kWh from the grid in a metered interval and exports 3 kWh in that same metered interval, the Customer is assessed NBCs on 0 kWh for that metered interval since there was no net consumption from the grid in that metered interval.

For DA, CCA or CA Service Customers, the CTC and WFC NBC components are based on the factors contained in Schedules DA-CRS and CCA-CRS, as applicable, and the PPPC and NDC NBC components are based on the factors contained within the Customer’s OAT. NBCs are assessed on a $-per kWh basis for each kWh of electricity that is consumed/imported from the grid net of exports (i.e., net consumption) in each metered interval (e.g., one hour or 15-minute).

NEM-A aggregated accounts are assessed NBCs on a $-per-kWh basis for each kWh of electricity that is consumed/imported from the grid in each metered interval.

For Residential Customers, the assessed NBCs will be used in the Minimum Charge calculation consistent with how these components are used in the Minimum Charge calculation for nonNEM Residential customers.

Customers who are enrolled in California Alternate Rates for Energy (CARE) or who receive a Medical Baseline Exemption are currently exempt from the WFC Charge. Therefore, the WFC component of the NBCs for these Customers under this Schedule is $0.00/kWh. (T)
(T)
(T)
(T)
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(T)

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Southern California Edison Revised Cal. PUC Sheet No. 65281-E Rosemead, California (U 338-E) Cancelling Original Cal. PUC Sheet No. 58731-E

Schedule NEM-ST Sheet 4

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 3915-E Caroline Choi Date Filed Dec 13, 2018
Decision Senior Vice President Effective Jan 1, 2019
4C9 Resolution
RATES (continued)

3. Monthly Energy (kWh) Charges and Credits.

As determined in each billing period, when a Customer is a net consumer of energy, ES is greater than EF, where ES is energy supplied by SCE and EF is energy generated by the Customer’s Generating Facility and exported onto SCE’s electrical system, the resulting net consumed energy will be used in the calculation of all applicable energy charges, with the exception of the NBCs as outlined above, calculated by (1) multiplying the Customer’s net consumed kWh by the applicable energy rate components of the Customer’s OAT, in each TOU period, for Bundled Service Customers, or (2)(a) multiplying the Customer’s net consumed kWh by the applicable Delivery Service rate components of the Customer’s OAT, in each TOU period, and (b) multiplying the Customer’s net consumed kWh by the applicable Cost Responsibility Surcharge (CRS) rate components (e.g., PCIA) of Schedules DA-CRS or CCA-CRS that are not defined as NBCs above, in each TOU period, for DA, CCA or CA Service Customers. The Customer’s ESP or Community Choice Aggregator/Community Aggregator is responsible for providing the generation-related energy charges. NBCs, as defined above, are not included as part of these calculations.

As determined in each billing period, when a Customer is a net producer of energy, EF is greater than ES, the resulting net produced energy will be used in the calculation of energy credits, calculated by (1) multiplying the Customer’s net produced kWh by the applicable energy rate components of the Customer’s OAT, in each TOU period, for Bundled Service Customers (though in no case can the calculation and application of these energy credits result in the reduction of the NBCs owed by the Customer), or (2)(a) multiplying the Customer’s net produced kWh by the applicable Delivery Service rate components of the Customer’s OAT, in each TOU period, and (b) multiplying the Customer’s net produced kWh by the applicable CRS rate components (e.g., PCIA) of Schedules DA-CRS or CCA-CRS that are not defined as NBCs above, in each TOU period, for DA, CCA or CA Service Customers (though in no case can the calculation and application of these energy credits result in the reduction of the NBCs owed by the Customer). The Customer’s ESP or Community Choice Aggregator/Community Aggregator is responsible for providing the generation-related energy credits. NBCs, as defined above, are not included as part of these calculations.
(D)

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Southern California Edison Revised Cal. PUC Sheet No. 69924-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 60464-E

Schedule NEM-ST Sheet 5

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 4325-E Carla Peterman Date Submitted Oct 29, 2020 Decision Senior Vice President Effective Nov 28, 2020
5C14 Resolution
RATES (continued)

4. Net Surplus Compensation (NSC).

Net Surplus Compensation (NSC) is equal to the Net Surplus Compensation Rate (NSCR) multiplied by Net Surplus Energy. To calculate NSC, the kWh of Net Surplus Energy are multiplied by the NSCR. The NSCR is based on the default load aggregation point (DLAP) price, and is equal to the simple rolling average of SCE hourly $-per-kWh prices from the Hour Ending 08 through the Hour Ending 17 (7 a.m. to 5 p.m.) for each day of the 12-month period corresponding to the Customer’s 12-month Relevant Period. The rolling average is calculated on a monthly basis to be effective the first of each month and is applied to all Customers with a Relevant Period ending in that month. SCE uses a full 12 months (365 days, or 366 days for leap years) of DLAP prices, as published on the California Independent System Operator (California ISO) Open Access Same-time Information System (OASIS), ending the twentieth (20th) day of each month. SCE then calculates the NSCR within five days of the first of the month to allow the California ISO to finalize the day-ahead DLAP prices. The NSCR is applied to all eligible Net Surplus Generators, irrespective of their rate class. The NSCR is posted on SCE’s website and updated monthly. See Special Condition 4.i below for specific terms and provisions regarding NSC.

NSC Renewable Attribute Adder (RAA)
Pursuant to D.11-06-016, SCE will include a Renewable Attribute Adder (RAA) with the NSC rate if the eligible Customer or the Customer’s aggregator provides a completed Form 14-935 (see Special Condition 4.i.v below) verifying that the Customer: (1) has registered the Generating Facility at the Western Renewable Energy Generation Information System (WREGIS); (2) has obtained Renewables Portfolio Standard (RPS) ownership certification from the California Energy Commission (CEC) for the Customer’s Net Surplus Energy and provides this certification to SCE; and (3) allows for the ownership of the Renewable Energy Credits (RECs) associated with the Customer’s Net Surplus Energy to be transferred to SCE. For details on the CEC and WREGIS certification process, refer to the CEC’s RPS Eligibility Guidebook, which can be found at: http://www.energy.ca.gov/renewables/documents/#rps.

The RAA will be calculated using the most recent Western Electricity Coordinating Council (WECC) average renewable premium, based on United States Department of Energy (DOE) published data. The RAA will only be paid to those Net Surplus Generators who provide RECs to SCE.

Value of RECs = Net Surplus kWh x RAA.

The RAA will be updated annually and is available at:
https://www.sce.com/regulatory/tariff-books/rates-pricing-choices/renewable-energy-credit At the conclusion of each Relevant Period, the eligible Customer will notify SCE that the Customer has transferred the RECs associated with the Net Surplus Energy in WREGIS by completing Form 14-935 and will send the CEC RPS certificate with the form to SCE. (T)

Page 331 of 1101 ends

Southern California Edison Revised Cal. PUC Sheet No. 61587-E Rosemead, California (U 338-E) Cancelling Original Cal. PUC Sheet No. 58733-E

Schedule NEM-ST Sheet 6

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 3351-E-A Caroline Choi Date Filed Apr 21, 2017
Decision Senior Vice President Effective Oct 13, 2017
6C13 Resolution E-4665
RATES (continued)

5. Standby and Customer Generation Departing Load Charges.

No additional Standby or Customer Generation Departing Load charges are currently applicable to Customers served under this Schedule, as provided in SCE’s Standby and Customer Generation Departing Load tariffs.

6. NEM-A Billing Services Charges.

NEM-A Customers served pursuant to Special Condition 5 below are subject to the following additional billing services charges:

Manually Billed Accounts –
a. Account Set-Up Fee: $25.00 per account in the NEM-A arrangement. Any account added to an NEM-A arrangement is subject to this one-time fee.
b. Monthly Billing Fee: $20.00 per month per account in the NEM-A arrangement.

Automated Billed Accounts –
a. Account Set-Up Fee: $16.00 per account in the NEM-A arrangement. Any account added to an NEM-A arrangement is subject to this one-time fee.

b. Monthly Billing Fee: $2.70 per month per account in the NEM-A arrangement. (N)
(D)
(I)

(N)
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(N)

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Southern California Edison Revised Cal. PUC Sheet No. 67968-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 65282-E

Schedule NEM-ST Sheet 7

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 4063-E Kevin Payne Date Submitted Aug 27, 2019
Decision 16-01-044 Chief Executive Officer Effective Aug 27, 2019 7C18 Resolution E-5078

SPECIAL CONDITIONS

1. Definitions: Except as otherwise defined in SCE’s Electric Rule 1, capitalized terms utilized in the context of this Schedule are defined below and applicable to Customers receiving service under this Schedule.
a. Eligible Customer-Generator (Customer).
i. A Residential, Small Commercial, commercial, industrial, agricultural, pumping or metered lighting customer served on a TOU rate who uses a Generating Facility, or a combination of those facilities, that is (A) located on the Customer’s Premises, (B) interconnected and operates in parallel with SCE’s electric system, and (C) intended primarily to offset part or all of the Customer’s own electrical requirements. (D)

Page 333 of 1101 ends

Southern California Edison Revised Cal. PUC Sheet No. 74398-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 65283-E

Schedule NEM-ST Sheet 8

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 4849-E Michael Backstrom Date Submitted Aug 17, 2022 Decision 22-07-001 Vice President Effective Feb 28, 2023 8C7 Resolution
SPECIAL CONDITIONS (continued)

1. Definitions. (continued)
b. Renewable Electrical Generating Facility (Generating Facility). i. A facility that generates electricity from a renewable source listed below pursuant to paragraph (1) of subdivision (a) of Section 25741 of the Public Resources Code. These renewable sources are further defined in the CEC’s RPS Guidebook.i

Biomass, solar thermal, photovoltaic, wind, geothermal, fuel cells using renewable fuels, small hydroelectric generation, digester gas, municipal solid waste conversion, landfill gas, ocean wave, ocean thermal, or tidal current (Renewable Generator), and any additions or enhancements to the facility using that technology.

For certain technologies, Customers are required to sign an affidavit (Form 14-912) certifying that they are an Eligible Customer-Generator. Specifically, a Customer using municipal solid waste conversion, fuel cells using renewable fuel, or small hydroelectric generation will need to certify that the following technology specific criteria have been met:

A. For purposes of this Schedule, qualifying "municipal solid waste conversion" is as defined in Public Resources Code Section 25741(b).

B. For purposes of qualifying as a “fuel cell using renewable fuels” under this Schedule, the Customer’s fuel cell must be powered solely with renewable fuel.

C. For purposes of qualifying as a “small hydroelectric generation facility” under this Schedule, the Customer must certify that the facility will neither cause an adverse impact on instream beneficial uses nor cause a change in the volume or timing of streamflow.
ii. To be eligible for service under this Schedule, Generating Facilities must meet all applicable safety and performance standards established by the National Electrical Code, the Institute of Electrical and Electronics Engineers, and accredited testing laboratories such as Underwriters Laboratories and, where applicable, rules of the Commission regarding safety and reliability (i.e., SCE’s Electric Rule 21) or the California Independent System Operator (CAISO) Tariff, as applicable. All Generating Facilities must have a warranty of at least 10 years for all equipment and the associated installation from the system provider (not from SCE).ii Additionally, for Customers installing solar Generating Facilities, all major solar system components (including PV panels and other generation equipment, inverters and meters) must be on the verified equipment list maintained by the CEC. For all Generating Facilities, any other equipment, as determined by SCE, must be verified as having safety certification from a Nationally Recognized Testing Laboratory (NRTL).
(T)
(T)
i RPS Eligibility Guidebook: http://www.energy.ca.gov/renewables/documents/#rps. ii Warranties or service agreements conforming to requirements applicable to the Self-Generation Incentive Program (SGIP) may be used for technologies eligible for the SGIP. In appropriate circumstances conforming to industry practice, this requirement may also rely on and be satisfied by manufacturers’ warranties for equipment and separate contractors’ warranties for workmanship (i.e., installation).

Page 334 of 1101 ends

Southern California Edison Revised Cal. PUC Sheet No. 85870-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 65284-E

Schedule NEM-ST Sheet 9

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 4963-E-A Michael Backstrom Date Submitted Mar 27, 2023 Decision 22-12-056 Vice President Effective Mar 1, 2023 9C8 Resolution
SPECIAL CONDITIONS (continued)

1. Definitions. (continued)
b. Renewable Electrical Generating Facility (Generating Facility). (continued) iii. Sizing. Customer’s Generating Facilities must meet the sizing requirements outlined below in order to be eligible for service under this Schedule.

A. Sized to Load Requirement: To be eligible for NEM, a Generating Facility must be sized to offset part or all of the Customer’s own electrical requirements, and may not be oversized. This means that the estimated output of the Generating Facility, using the CEC-AC Nameplate rating for inverter-based Generating Facilities and the applicable technology-specific capacity factor as specified in SCE’s NEM Interconnection Handbook, must not exceed the Customer’s previous annual usage (in kWh), unless additional load verification or acknowledgment is provided to SCE, as required by SCE (this also applies where the Customer has less than 12 months of previous recorded usage data). For non-inverter-based Generating Facilities, this calculation is based on the AC nameplate rating of the Generating Facility.

B. Capacity: Except for the sized-to-load requirement specified above (and as provided in Special Conditions 1.a.ii and 1.a.iii above), there is no limit on the capacity of a Generating Facility served under this Schedule. However, primarily for the purposes of interconnection, cost responsibility (as outlined in SCE’s Electric Rule 21) and NSC eligibility (as outlined in Special Condition 4.i below), certain provisions apply differently to Generating Facilities served under this Schedule depending on whether they have a capacity of (1) 1 MW or less or (2) greater than 1 MW. Both the CEC-AC rating, as applicable, and the aggregate inverter capacity must not be greater than 1 MW for a Generating Facility to be considered 1 MW and smaller. The capacity of each generator will be determined by using the “System Size Limiting Factor” table within SCE’s Electric Rule 21, Section F, which, for solar systems, is the lesser of inverter name plate capacity (in kW) or the CEC-AC rating.

The aggregate nameplate capacity of the facility is calculated by adding the capacity of all generators located at the Customer’s Premises (including Integrated or Directly Connected Energy Storage Devices, if any).
c. NEM Eligible Generator. A Generating Facility (served under either this Schedule or Schedule NEM), or a generating facility served under Schedule FC-NEM or Schedule BG-NEM.
d. Group of NEM Eligible Generators. Generators qualifying for NEM service under the same NEM tariff provisions. Thus, Generating Facilities served under this Schedule would form one group, Generating Facilities served under Schedule NEM would form another group, biogas generators and fuel cell generators served under Schedules BG-NEM or FC-NEM without aggregated accounts would form a third group, and biogas generators and fuel cell generators served under Schedules BG-NEM or FC-NEM with aggregated accounts would form a fourth group.
(N)(D)
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Southern California Edison Revised Cal. PUC Sheet No. 65285-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 60467-E

Schedule NEM-ST Sheet 10 (T)

NET ENERGY METERING

1. Definitions. (continued)
e. Non-NEM Eligible Generator. An electrical generator that does not meet the definition of a Generating Facility in this Schedule or Schedule NEM, and/or an electrical generator that does meet the definition of an eligible generating facility in Schedules BG-NEM or FC-NEM. f. Multiple Tariff Generating Facility. A Generating Facility consisting of one or more NEM Eligible Generators served under this Schedule and one or more NEM Eligible Generators served under Schedules NEM, BG-NEM and/or FC-NEM, or consisting of one or more NEM Eligible Generators served under this Schedule and one or more Non-NEM Eligible Generators.
g. NEM-Paired Storage System. A Generating Facility that includes a Renewable Generator(s) and an Integrated or Directly Connected Energy Storage Device(s) behind the same SCE revenue meter and/or Service Account. Integrated or Directly Connected Energy Storage Devices are considered an addition or enhancement to the Renewable Generator and not a separate generating facility for the purposes of applying the cost exemptions specified in Special Condition 6 below when interconnecting at the same time as the Renewable Generator.

An energy storage device shall be considered an addition or enhancement to the Renewable Generator if the energy storage device is either:
i. Integrated into the Generating Facility, such that the energy storage device is capable of storing only energy produced by the Renewable Generator, either as an intermediary form of energy during the generation cycle or after electricity has been generated (Integrated Energy Storage Device); or,
ii. Directly connected to the Generating Facility, such that electricity is delivered from the Renewable Generator to the energy storage device behind the meter used for RPS purposes and any electricity from a source other than the Renewable Generator is included as an energy input to the Generating Facility; the energy storage device must be operated as part of the Generating Facility represented in the application and not in conjunction with any other facility, renewable or otherwise (Directly Connected Energy Storage Device). As such, a Directly Connected Energy Storage Device is not required to be charged exclusively from the Renewable Generator and may also be charged from the grid.
h. Large NEM-Paired Storage System: A NEM-Paired Storage System where the Integrated or Directly Connected Energy Storage Device(s) is sized larger than 10 kW (AC) (i.e., maximum aggregate discharge capacity) and that meets the applicable sizing and metering requirements included in Special Condition 6 below. i. Small NEM-Paired Storage System: A NEM-Paired Storage System where the Integrated or Directly Connected Energy Storage Device(s) is sized 10 kW (AC) or smaller (i.e., maximum aggregate discharge capacity) and that meets the applicable sizing and metering requirements included in Special Condition 6 below.

Page 336 of 1101 ends

Southern California Edison Revised Cal. PUC Sheet No. 74399-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 65286-E

Schedule NEM-ST Sheet 11

NET ENERGY METERING

1. Definitions. (continued)
j. Relevant Period.
i. A twelve-month period, or portion thereof, commencing on the anniversary Date of Parallel Operation of the Customer’s Generating Facility to SCE’s electric system and on every subsequent anniversary thereof. For Customers electing to receive service under this Schedule for a Generating Facility that is already interconnected to SCE’s electrical system, the Relevant Period will commence on the date that the Customer begins receiving service under this Schedule and on every subsequent anniversary thereof. If a Customer terminates service, or experiences a change from SCE Bundled Service to CCA/CA Service or DA Service or from CCA/CA Service or DA Service to SCE Bundled Service prior to the end of the 12-month period, the Relevant Period will consist of that period from the anniversary date until the effective date of the termination or change in service.
ii. The initial Relevant Period of an aggregated account added to an NEM-A arrangement, pursuant to Special Condition 5 below, during an arrangement’s ongoing Relevant Period may be less than 12 months to align with the other accounts in the NEM-A arrangement.
iii. Customers may elect to change the start date of their Relevant Period on a one-time prospective basis by completing and returning Form 14-936, NEM One-Time Relevant Period Change Request Form, or Form 16-345, Net Energy Metering Billing Option Change Request and One-Time Relevant Period Selection Form for Residential and Small Commercial Customers, to SCE. SCE must receive this form at least 60 days prior to the requested start date of the new Relevant Period. When the start date change is effectuated, it will cause a shortened existing Relevant Period and the new 12-month Relevant Period will begin. In no case will a Relevant Period extend beyond 12 months.
k. Date of Parallel Operation. The date that SCE and, if applicable, the CAISO provides the Customer with written approval (e.g., the Permission to Operate (PTO) notice) to commence parallel operation of the Generating Facility.
(T)
(T)

Page 337 of 1101 ends

Southern California Edison Revised Cal. PUC Sheet No. 88774-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 74400-E

Schedule NEM-ST Sheet 12

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 5353-E Michael Backstrom Date Submitted Aug 13, 2023 Decision 23-11-068 Vice President Effective
12C8 Resolution
SPECIAL CONDITIONS (continued)

1. Definitions. (continued)
l. Net Energy. The difference between the electric energy supplied and/or delivered through SCE, and the electric energy produced by the Customer’s Generating Facility and exported into SCE’s electric system, measured over the Relevant Period.

Net Energy = ES minus EF
m. Net Surplus Energy. All electricity generated by a Customer’s Generating Facility that is exported to SCE’s grid measured in kWh over the Relevant Period that exceeds the amount of electricity consumed by that Customer.iii
n. Net Surplus Generator. A Customer using a Generating Facility that generates and exports to SCE’s grid more electricity (in kWh) during a Relevant Period than is supplied by SCE to the Customer during that same Relevant Period.
o. Otherwise Applicable Tariff (OAT). The Customer’s regularly filed TOU rate schedule under which service is rendered.
p. Modular Home: Modular home, although better constructed, is like manufactured home (as defined in the California Health and Safety Code) where both are constructed offsite. Unlike manufactured home, modular home must meet the same local or state building codes as an on-site home. Modular home does not have the requirement to have a wheeled chassis permanently attached.
q. Modular Home Community: A community with two or more Modular Homes. (T)
(N)
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iii kWh subject to forfeit under the NEM-Paired Storage System estimation methodology provisions of Special Condition 6 (T) below are not considered EF for the purposes of determining Net Surplus Energy.

Page 338 of 1101 ends

Southern California Edison Revised Cal. PUC Sheet No. 87548-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 85446-E

Schedule NEM-ST Sheet 13

NET ENERGY METERING

SUCCESSOR TARIFF
(Continued)
(Continued)
(To be inserted by utility) Issued by (To be inserted by Cal. PUC) Advice 5203-E Michael Backstrom Date Submitted Feb 12, 2024 Decision 23-11-068 Vice President Effective Feb 15, 2024 13C11 Resolution
SPECIAL CONDITIONS (continued)

2. Required Application and Contracts for Interconnection. a. All Customers with Generating Facilities sized larger than 1 MW seeking interconnection with SCE’s Transmission System shall apply to the CAISO for interconnection and be subject to the CAISO Tariff, and must submit an executed CAISO interconnection agreement prior to receiving service under this Schedule. This requirement is not applicable to Generating Facilities with Permission to Operate (PTO) letters received as of May 6, 2022 or proposed Generating Facilities with materially complete interconnection applications submitted as of May 6, 2022. Such Customers shall also submit an online Net Energy Metering (NEM) Generating Facility Interconnection Application (Form 14-957) to SCE for the purpose of determining eligibility under this Schedule, but shall not be required to submit any fee in connection with Form 14-957.

To retain eligibility under this Schedule, Customers, except NEM-A Customers, must have submitted an interconnection request free of major deficiencies prior to April 15, 2023.

NEM-A Customers pursuant to Special Condition 5 must submit an interconnection request free of major deficiencies prior to February 15, 2024. This submittal shall include an online Net Energy Metering (NEM) Generating Facility Interconnection Application (Form 14-957), along with any applicable fees as specified in SCE’s Electric Rule 21, and a single-line diagram. Supplemental forms may be required depending on (1) the type of Generating Facility being installed and (2) the requirements of any specific provisions of this Schedule under which the Customer is electing to be served. The table below outlines the various Interconnection Agreements and forms that may be applicable to Customers requesting service under this Schedule.

Additionally, to retain eligibility under this Schedule, within three years from April 14, 2023, or February 14, 2024 for NEM-A, Customers must submit an executed CPUC jurisdictional NEM Interconnection Agreement and a final building permit sign off and electrical clearing by the authority having jurisdiction.
(T)
(T)
(T)
(T)
(T)
(L)

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Southern California Edison Revised Cal. PUC Sheet No. 87549-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 85446-E 74402-E
Schedule NEM-ST Sheet 14

NET ENERGY METERING

2. Required Application and Contracts for Interconnection. (continued) The following table outlines the various Interconnection Agreements and forms that may be applicable to Customers requesting service under this Schedule.

Applicable Interconnection Agreements (IAs)
Form 14-923 NBT or NEM IA for Generating Facilities Sized 10 kW and Smaller Form 16-344 NBT or NEM IA for Generating Facilities Sized 1 MW and Smaller Form 14-773 NEM Multiple Tariffs (NEM-MT) IA for Generating Facilities Sized 1 MW and Smaller (see Special Condition 7 below)
Form 14-974 NBT or NEM IA for Generating Facilities Sized Greater Than 1 MW Form 14-972 NBT (NBT-MT) or NEM Multiple Tariffs (NEM-MT) IA for Generating Facilities Sized Greater Than 1 MW (see Special Condition 7 below) Applicable NEM Forms
Form 14-912 Eligible Customer-Generator Warranty (see Special Condition 1.b.i above) Form 14-935 NSC RAA Compensation Form (see Special Condition 4.h.v) Form 14-936 NBT or NEM One-Time Relevant Period Change Request Form (see Special Condition 1.j.iii above)
Form 14-937 NEM-A Account Information (see Special Condition 5 below) Form 16-345 NEM Billing Option Change Request and One-Time Relevant Period Selection Form (see Special Condition 4.b below)
b. Except for Customers with Generating Facilities sized larger than 1 MW seeking interconnection with SCE’s Transmission System,iiiCustomers seeking to interconnect their Generating Facilities for the purpose of receiving service under this Schedule are subject to the interconnection requirements and interconnection cost responsibility provisions for NEMST Customers as established in SCE’s Electric Rule 21. These costs may include interconnection application fees, study costs and/or costs for upgrading the Distribution and/or Transmission Systems, depending on the Customer and the size of the Generating Facility. All Customers interconnecting under SCE’s Electric Rule 21 are responsible for the costs of any applicable Interconnection Facilities, as defined in SCE’s Electric Rule 21.

Customers with Generating Facilities sized larger than 1 MW seeking interconnection with SCE’s Transmission System shall be subject to applicable interconnection requirements and interconnection cost responsibility provisions set forth in the CAISO Tariff. (N)
(N)
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ii1
Generating Facilities with PTO letters received as of May 6, 2022 or proposed Generating Facilities with materially complete interconnection applications submitted as of May 6, 2022, will interconnect pursuant to SCE’s Electric Rule 21.

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Southern California Edison Original Cal. PUC Sheet No. 87550-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 74402-E

Schedule NEM-ST Sheet 15

NET ENERGY METERING

2. Required Applications and Contracts for Interconnection (Continued) c. A new Customer of Record or New Party In (NPI) who owns, rents or leases a Premises that includes a Generating Facility with a capacity of 30 kW or less, that was approved by SCE for Parallel Operation prior to the new Customer or NPI moving in and/or taking electric service with SCE will not have to submit a new Interconnection Agreement, will take service under this Schedule as long as the requirements of this Schedule, including Special Condition 8, are met. This provision also applies to Premises where the developer/contractor establishes the interconnection, so that the Customer who buys/rents/leases the Premises will not have to re-submit and sign a new Interconnection Agreement. To be eligible, the new Customer or NPI must (1) ensure that the Generating Facility is compliant with all applicable safety and performance standards as delineated in SCE’s Electric Rule 21 and other applicable tariffs; (2) keep in force the amount of property, commercial general liability and/or personal liability insurance the NPI or new Customer had in place at the time it initiated service under this Schedule; and (3) understand that SCE may from time to time release information to the Commission or CEC regarding the new Customer or NPI’s Generating Facility, including the NPI or new Customer’s name and the location, capacity and operational characteristics of the Generating Facility. SCE will provide the NPI or new Customer with (1) a copy of the Interconnection Agreement in effect and as signed by the previous Customer, which will remain unchanged, (2) a copy of the NEM fact sheet that explains NEM operation and billing, and (3) SCE’s website link where information on NEM can be found. A NPI or a new Customer may need to sign an affidavit certifying that it meets the requirement for an Eligible Customer-Generator and is utilizing an eligible Generating Facility pursuant to PU Code Section 2827.1(a).

A new Customer or NPI who owns, rents or leases a Premises that includes a Generating Facility with a capacity above 30 kW will need to sign a new Interconnection Agreement. If no changes are made to the interconnection or Generating Facility, the Interconnection Agreement will have identical terms and conditions as the ones approved for the previous Customer, subject to the provisions of Special Condition 8 below. (L)
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Page 341 of 1101 ends

Southern California Edison Revised Cal. PUC Sheet No. 87551-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 65289-E

Schedule NEM-ST Sheet 16 (T)

NET ENERGY METERING

3. Metering Requirements. Metering requirements for Customers served under this Schedule are as follows:
a. Net Energy shall be metered using a single TOU meter capable of separately registering the flow of energy in two directions, with one channel of the meter registering ES and a separate channel of the meter registering EF. If the Customer’s existing meter is not a TOU meter capable of separately registering the flow of energy in two directions, an appropriate TOU meter shall be provided at the expense of the Customer. Customers who refuse to allow the installation and use of a TOU meter capable of separately registering the flow of energy in two directions are not eligible for service under this Schedule.

b. SCE may elect to install an additional meter or meters, at SCE’s expense, with the Customer’s consent. Such additional metering shall be used only to provide the information necessary to accurately bill or credit the Customer. Where additional meters are required to accurately bill and/or credit the Customer, if authorization is not granted by the Customer, SCE shall have the right to refuse interconnection.
c. For NEM-A accounts receiving service pursuant to Special Condition 5 below, the account directly interconnected to the Generating Facility must have a single meter that is capable of separately registering the flow of energy in two directions in 15-minute intervals. If the Customer’s existing meter is not capable of separately registering the flow of energy in two directions at the 15-minute interval level or if the Customer’s existing meter is unable to separately register the amount of energy exported to the grid by the Generating Facility, an appropriate meter shall be provided at the Customer’s expense. All other NEM-A aggregated accounts must have a standard SCE TOU billing meter capable of registering the flow of energy (ES) in 15-minute intervals.
d. The specific metering requirements for Customers using a NEM-Paired Storage System or a Multiple Tariff Generating Facility are provided in Special Conditions 6 and 7, respectively, below.

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Southern California Edison Revised Cal. PUC Sheet No. 87552-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 65290-E

Schedule NEM-ST Sheet 17 (T)

NET ENERGY METERING

4. Billing. The following billing processes apply to Customers served under this Schedule. a. SCE will provide all Customers with net energy consumption information and/or net generation information with each monthly bill, on which the Customer’s monthly NEM energy charges and credits that are subject to true-up are billed – regardless of whether the customer is responsible for paying these charges on a monthly or annual basis (see Special Condition 4.b below).
b. For all Customers who meet the definition of a Residential or Small Commercial Customer, the monthly valued (in $) NEM energy-related charges and credits are accumulated until the end of a Relevant Period. This is referred to as the Annual Billing Option (ABO), and is the default billing option for Residential and Small Commercial Customers. However, upon a Customer’s request, SCE shall permit a Residential or Small Commercial Customer to be billed pursuant to the MBO described below. The request must be made by the Customer upon initiation of service under this Schedule or upon written notice to SCE using Form 16-345 no later than thirty (30) days prior to the end of a Relevant Period, whichever applies. For all Customers who do not meet the definition of a Residential or Small Commercial Customer, and for those customers participating in NEM Aggregation, it is mandatory to pay all applicable charges, both energy and non-energy related, on a monthly basis, in accordance with the Customer’s OAT. This is referred to as the Monthly Billing Option (MBO), and is the only billing option available to Customers who do not meet the definition of a Residential or Small Commercial Customer or those participating in NEM Aggregation.
c. For all Customers served under this Schedule, the value (in $) of NEM energy credits will be used to offset other TOU periods’ and/or other billing periods’ NEM energy related charges (in $) when they exist. However, at no time will NEM energy credits (in $) be applied towards any NBCs and/or non-energy related charges, and such NEM credits (in $) cannot be carried over to a new Relevant Period.
d. The energy charges and credits for Customers utilizing NEM-Paired Storage Systems are billed in accordance with the provisions of Special Condition 6 below.

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Southern California Edison Revised Cal. PUC Sheet No. 87553-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 66583-E

Schedule NEM-ST Sheet 18 (T)

NET ENERGY METERING

4. Billing. (continued)
e. At the end of each Relevant Period, SCE shall proceed as follows:
i. For all Customers who meet the definition of a Residential or Small Commercial Customer who did not elect the MBO, SCE will subtract all monthly valued accrued energy credits from all accrued energy charges. If this calculation results in monies owed to SCE, such energy charges shall be due and payable in accordance with the Customer’s OAT. However, if this calculation results in an excess energy credit, SCE shall neither pay the Customer for any unused energy credit nor carry forward any unused energy credit. The unused energy credit shall be zeroed out and a new Relevant Period shall commence. Eligible Customers electing NSC as provided in Special Condition 4.i below will be compensated as outlined therein pursuant to the Rates section of this Schedule. Additionally, Special Condition 4.j may apply to Residential Customers.
ii. For all Customers who do not meet the definition of a Residential or Small Commercial Customer, and all Residential and Small Commercial Customers who elected the MBO, an annual true-up of energy-related charges and credits occurs at the end of the Relevant Period. Upon completion of the annual true-up, any remaining energy credits will be zeroed out and a new Relevant Period will begin. Eligible Customers electing NSC as provided in Special Condition 4.i below will be compensated as outlined therein pursuant to the Rates section of this Schedule. Additionally, Special Condition 4.j may apply to Residential Customers.
iii. If any Customer terminates service under this Schedule prior to the end of a Relevant Period, Special Conditions 4.e.i and 4.e.ii above shall apply. Except for customers who opted out of CCA Service during the CCA’s Follow-up Notification Period in accordance with Rule 23 Section I, a Customer switching from CCA/CA Service or DA Service to Bundled Service or from Bundled Service to CCA/CA Service or DA Service during an ongoing Relevant Period shall be deemed as terminating service under this Schedule prior to the end of the current Relevant Period, and Special Conditions 4.e.i and 4.e.ii above shall apply. Upon switching, the Customer shall begin a new Relevant Period. f. For all Customers served under this Schedule, all NBCs, as defined in the Rates section above, Monthly Customer Charges, Minimum Charges, Demand Charges, and/or other nonenergy related charges, excluding any adjustments due to power factor provisions, as defined in the Customer’s OAT, apply, as applicable, regardless of the Customer’s monthly net energy consumption or export.

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Southern California Edison Revised Cal. PUC Sheet No. 87554-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 65292-E

Schedule NEM-ST Sheet 19 (T)

NET ENERGY METERING

4. Billing. (continued)
g. Billing Provisions Applicable to DA, CCA or CA Service Customers. i. For DA, CCA or CA Service Customers, SCE will provide the applicable Delivery Service and CRS charges and credits, and the Customer’s ESP, Community Choice Aggregator or Community Aggregator is responsible for timely providing the applicable generation charges and credits.
ii. For DA Customers served under the Consolidated SCE Billing option, as defined in SCE’s Electric Rule 22, the ESP is responsible for providing SCE with the generationrelated energy charges or credits applicable to those DA Customers. For CCA or CA Service Customers, the Community Choice Aggregator or Community Aggregator is responsible for providing SCE with the generation charges or credits applicable to the CCA or CA Service Customer.
iii. At the end of each Relevant Period, SCE and the ESP, Community Choice Aggregator or Community Aggregator shall proceed as follows:

1. For all Customers who meet the definition of a Residential or Small Commercial Customer who did not elect the MBO, SCE will subtract all monthly valued accrued Delivery Service energy credits from all accrued Delivery Service energy charges and/or all applicable (i.e., those not defined as NBCs) monthly valued CRS energy credits from all applicable accrued CRS energy charges. If this calculation results in monies owed to SCE, such energy charges shall be due and payable in accordance with the Customer’s OAT. However, if this calculation results in an excess energy credit, SCE shall neither pay the Customer for any unused energy credit nor carry forward any unused energy credit. Instead, the unused energy credit shall be zeroed out and a new Relevant Period shall commence. Additionally, Special Condition 4.j below may apply to Residential Customers. For DA Customers, separate annual true-ups of all energy charges and credits, consistent with the provisions set forth under this Schedule, will be calculated by SCE for the applicable SCE charges and credits, as outlined above, and by the ESP for the applicable ESP charges and credits. Any net balance related to generation charges that are collected from an eligible DA Customer will be paid annually by SCE to the ESP as set forth in SCE’s Electric Rule 22, Section L. For CCA/CA Service Customers, SCE and the Community Choice Aggregator/Community Aggregator shall complete an annual true-up of all energy charges and credits calculated monthly, consistent with the provisions set forth under this Schedule. Credits and charges related to the Community Choice Aggregator’s/Community Aggregator’s generation services shall be based on the information provided by the Community Choice Aggregator/Community Aggregator to SCE. Any net balance related to generation charges that are collected from a CCA/CA Customer will be paid annually by SCE to the Community Choice Aggregator/Community Aggregator as set forth in SCE’s Electric Rule 23, Section Q.

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Southern California Edison Revised Cal. PUC Sheet No. 87555-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 65293-E

Schedule NEM-ST Sheet 20 (T)

NET ENERGY METERING

4. Billing. (continued)
g. Billing Provisions Applicable to DA, CCA or CA Service Customers. (continued) iii. At the end of the Relevant Period. (continued)

2. For all Customers who do not meet the definition of a Residential or Small Commercial Customer, and all Residential and Small Commercial Customers who elected the MBO, separate annual true-ups of all energy charges and credits, consistent with the provisions set forth under this Schedule, will be calculated by SCE for the applicable SCE charges and credits, as outlined above, and by the ESP, Community Choice Aggregator or Community Aggregator for the applicable ESP, Community Choice Aggregator or Community Aggregator charges and credits. Any unused Delivery Service and/or CRS energy credits shall not be carried forward to the start of a new Relevant Period; rather, the unused Delivery Service and/or CRS energy credits shall be zeroed out and a new Relevant Period will commence. Additionally, Special Condition 4.j may apply to Residential Customers. DA, CCA or CA Service Customers should look to their ESP, Community Choice Aggregator or Community Aggregator for the treatment of unused generation energy credits.
iv. For DA, CCA or CA Service Customers, generation credits, if any, do not reduce the charges owed to SCE for energy supplied to such Customer, and Delivery Service and/or CRS credits, if any, do not reduce the charges owed to the ESP or Community Choice Aggregator/Community Aggregator for energy supplied to such Customer. v. ESP Charges: Where SCE provides metering and billing for a DA Customer, SCE may recover the incremental costs related to net energy metering and billing services from the Customer’s ESP, as set forth in Schedule ESP-DSF.

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Southern California Edison Revised Cal. PUC Sheet No. 87556-E Rosemead, California (U 338-E) Cancelling Revised Cal. PUC Sheet No. 65294-E

Schedule NEM-ST Sheet 21 (T)

NET ENERGY METERING

4. Billing. (continued)
i. NSC Billing Provisions.
i. To be eligible for NSC, a Customer must meet the definition of an Eligible CustomerGenerator within PU Code Section 2827.1(a), including that its Generating Facility be intended primarily to offset part or all of the Customer’s own electrical requirements.

Generating Facilities that are sized larger than the Customer’s electrical requirements are not eligible for NEM and, therefore, are not eligible for NSC. ii. Except as provided in Special Condition 4.i.iv below, Bundled Service Customers are eligible to receive NSC if, at the conclusion of the Relevant Period, the true-up process indicates that the Customer is a Net Surplus Generator, and provided the Customer affirmatively elected to receive NSC and submitted any necessary documentation prior to SCE processing the final bill of the Relevant Period. NSC is applied to Customers’ future charges (i.e., Customer’s SCE account) as an on-bill credit, unless the Customer elects to receive payment via check (Customers may only modify this election once a year, and must do so prior to the conclusion of the existing Relevant Period for the new election to occur in that Relevant Period). For Customers electing to receive NSC via check, the amount of the check will be reduced by any amount that the Customer owes to SCE before a check is issued to the Customer. After the on-bill credit or check is issued to the Customer, Net Surplus Energy is set to zero at the start of the next Relevant Period.
iii. In order to be eligible to receive NSC from SCE, Bundled Service Customers with Generating Facilities sized greater than 1 MW must provide notice to SCE that the Customer self-certified its Generating Facility as a Qualifying Facility pursuant to the Public Utility Regulatory Policies Act of 1978 by properly completing and filing Federal Energy Regulatory Commission (FERC) Form No. 556 with the FERC and providing SCE with a copy of the certification.
iv. DA, CCA or CA Service Customers, Customers electing to participate in NEM-A are not eligible to receive NSC from SCE. However, if an NEM-A aggregated account that is not a generating account is separated from the NEM-A arrangement, and subsequently qualifies for service under this Schedule, that account is eligible to receive NSC on a going-forward basis, provided it meets all other NEM-ST eligibility criteria; but NEM-A generating accounts are permanently ineligible to receive NSC from SCE. v. In order to receive the NSC RAA, Form 14-935 must additionally be executed and submitted to SCE at the end of each Relevant Period.

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Yorba Linda City CouncilApril 21, 2026

Yorba Linda City Council
April 21, 2026