Yorba Linda City Council
June 2, 2026

CITY COUNCIL/SUCCESSOR AGENCY TO THE YORBA LINDA REDEVELOPMENT AGENCY,

YORBA LINDA HOUSING AUTHORITY AND YORBA LINDA MUNICIPAL FINANCING AUTHORITY

JOINT MEETING
AGENDA

Tuesday, June 2, 2026, 6:30 p.m.

Council Chambers
4845 Casa Loma Avenue
This meeting is being broadcast live for airing on cable channel 3, channel 99 AT&T U-Verse and the city's website. By remaining in the room, you are giving your permission to be televised.

Pages

CALL TO ORDER
The City Council/Successor Agency to the Yorba Linda Redevelopment Agency will convene at 5:30 p.m. in the Council Chambers at 4845 Casa Loma Avenue.

ROLL CALL

ANNOUNCEMENT OF CLOSED SESSION ITEMS

CITY COUNCIL/SUCCESSOR AGENCY TO THE YORBA LINDA

REDEVELOPMENT AGENCY
A. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION,

SIGNIFICANT EXPOSURE TO LITIGATION
Government Code Section 54956.9(d)(2) (1 Case)
B. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Government Code Section 54956.9(d)(1) (1 case)
Name of Case: Yorba Canyon, LLC v. City of Yorba Linda
Case Number: 30-2025-01497724-CU-WM-CXC, Superior Court, County of Orange
C. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Government Code Section 54956.9(d)(1) (1 case)
Name of Case: North County Chabad Center dba Chabad Beth Meir Hacohen v.

City of Yorba Linda
Case Number: 30-2026-01560044-CU-WM-CXC, Superior Court, County of Orange

PUBLIC COMMENT ON CLOSED SESSION ITEMS

CONVENE INTO CLOSED SESSION
RECESS

CALL TO ORDER
The City Council/Successor Agency to the Yorba Linda Redevelopment Agency, Yorba Linda Housing Authority and Yorba Linda Municipal Financing Authority will reconvene at 6:30 p.m. in the Council Chambers at 4845 Casa Loma Avenue, Yorba Linda.

ROLL CALL

PLEDGE OF ALLEGIANCE

INVOCATION

CHAPLAIN JOHN SIU, ORANGE COUNTY SHERIFF'S DEPARTMENT

CLOSED SESSION REPORT

INTRODUCTIONS & PRESENTATIONS

RECOGNITION OF POP WARNER FOOTBALL AND CHEER

TIP YEARLY UPDATE AND RECOGNITION OF VOLUNTEERS
PUBLIC COMMENTS – ITEMS ON THE CONSENT CALENDAR OR ITEMS NOT

ON THE REMAINDER OF THE AGENDA
There is a five (5) minute maximum time limit for each individual addressing the legislative body during Public Comments and on all other items listed on the Agenda.

Whenever a group of persons wishes to address the City Council on the same subject matter, it shall be proper for the presiding officer to request that a spokesman be chosen by the group so as to avoid unnecessary repetitions before the City Council.

CONSENT CALENDAR
All matters listed under "CONSENT CALENDAR" are considered by the City Council/ Successor Agency to the Yorba Linda Redevelopment Agency, Yorba Linda Housing Authority and Yorba Linda Municipal Financing Authority to be routine and will be enacted by one motion approving the recommendation listed on the Agenda. There will be no separate discussion unless Members of the Council/Successor Agency, Yorba Linda Housing Authority and Yorba Linda Municipal Financing Authority or Staff request specific items to be removed from the Consent Calendar.

Recommendation:

Approve the Consent Calendar.

1. WAIVE READING IN FULL OF ALL ORDINANCES AND RESOLUTIONS ON

THE AGENDA
Recommendation:

Waive reading in full of all ordinances and resolutions on the agenda and declare that said titles which appear on the public agenda shall be determined to have been read by title and further reading waived.

2. ACCOUNTS PAYABLE CHECK REGISTER – JUNE 2, 2026 6
Recommendation:

Receive and file the accounts payable check register and wire transfer report dated June 2, 2026, in the amount of $7,064,285.32.

3. APPROVE THE MINUTES OF THE MAY 13, 2026 CITY COUNCIL /

SUCCESSOR AGENCY TO THE YORBA LINDA REDEVELOPMENT AGENCY

SPECIAL MEETING
73 Recommendation:

Approve the minutes of the May 13, 2026 City Council/Successor Agency to the Yorba Linda Redevelopment Agency joint special meeting.

4. APPROVE THE MINUTES OF THE MAY 19, 2026 CITY COUNCIL /

SUCCESSOR AGENCY TO THE YORBA LINDA REDEVELOPMENT AGENCY

MEETING
75 Recommendation:

Approve the minutes of the May 19, 2026 City Council/Successor Agency to the Yorba Linda Redevelopment Agency joint meeting.

5. TREASURER’S REPORT – MARCH 2026 86
Recommendation:

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

6. INTENT TO DECLARE PUBLIC NUISANCE FOR CERTAIN WEED

ABATEMENT PROPERTIES
122
Recommendation:

Adopt Resolution No. 2026-5990 declaring the intent to set a public hearing on June 16, 2026, for the 2026 Weed Abatement Program.

7. FISCAL YEAR 2026-27 INVESTMENT POLICY 127
Recommendation:

1.) Adopt the Investment Policy for FY 2026-27; and 2.) Delegate investment responsibility to the City’s Finance Director/City Treasurer for FY 2026-27.

8. FISCAL YEAR 2026-27 APPROPRIATIONS (GANN) LIMIT 146
Recommendation:

Adopt Resolution No. 2026-5991 establishing the appropriations limit for Fiscal Year 2026-27.

9. RECEIVE AND FILE REPORTS OF PLANNING COMMISSION ACTIONS

FROM THEIR LAST MEETING
151
Recommendation:

Receive and file this report.

10. CITY COUNCIL COMMITTEE AND AGENCY REPORTS 155
Recommendation:

Receive and file this report.

CITY MANAGER’S REPORT/MAYOR’S REPORT/MATTERS PRESENTED BY

COUNCILMEMBERS/ OTHER AGENCY REPORTS

ADMINISTRATIVE REPORTS

11. APPROVE THE FY 2026-27 ENGINEER’S REPORT AND DECLARE

INTENT TO LEVY ASSESSMENTS WITHIN THE STREET LIGHTING AND

LANDSCAPE MAINTENANCE ASSSESSMENT DISTRICT
157
Recommendation:

1.) Adopt Resolution No. 2026-5988, approving the FY 2026-27 Engineer’s Report for the Street Lighting and Landscaping Maintenance Assessment District; and 2.) Adopt Resolution No. 2026-5989, declaring the City’s intention to levy and collect assessments for FY 2026-27 and setting a public hearing for June 16, 2026.

12. FISCAL YEAR 2026-27 MID-TERM BUDGET 303
Recommendation:

1.) Adopt Resolution 2026-5992 approving the FY 2026-27 Mid-Term Budget and the FY 2026-33 Seven-Year Capital Improvement Program; 2.) Adopt Resolution 2026-5993 establishing the Assessment District Supervisor classification and salary schedule; and 3.) Approve the FY 2026-27 Authorized Positions Listing and Salary Schedule.

CLOSED SESSION IF REQUIRED

ADJOURNMENT
The next regularly scheduled City Council/Successor Agency to the Yorba Linda Redevelopment Agency joint meeting is June 16, 2026.

NOTE: ALL STAFF REPORTS AND RELATED ATTACHMENTS FOR ITEMS ON THIS AGENDA ARE ON FILE IN THE CITY CLERK’S OFFICE. AS AN ADDITIONAL SERVICE, THE CITY NOW PROVIDES THE STAFF REPORTS AND RELATED ATTACHMENTS ON THE CITY’S WEBSITE. PLEASE NOTE THAT IT IS NOT ALWAYS POSSIBLE TO EMBED ALL ATTACHMENTS AND MAPS. THUS, IF YOU REQUIRE A FULL AND COMPLETE COPY OF THE AGENDA PACKET, YOU SHOULD NOT RELY UPON THE WEBSITE MATERIALS ALONE.

IN COMPLIANCE WITH THE AMERICAN DISABILITIES ACT (ADA), THE CITY WILL MAKE EVERY REASONABLE ATTEMPT TO ACCOMMODATE ANY ATTENDEE OR PARTICIPANT AT THIS MEETING NEEDING SPECIAL ASSISTANCE BEYOND WHAT IS NORMALLY PROVIDED. PLEASE CONTACT THE CITY CLERK’S OFFICE AT (714) 961-7150 AT LEAST 48 HOURS PRIOR TO THIS MEETING TO INFORM US OF YOUR PARTICULAR NEEDS AND TO DETERMINE IF ACCOMMODATION IS FEASIBLE. PLEASE ADVISE US AT THE TIME YOU CALL IF SPECIAL ASSISTANCE IS REQUIRED TO ATTEND OR PARTICIPATE IN MEETINGS ON A REGULAR BASIS.

FINANCE DEPARTMENT
DATE: JUNE 2, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: DONNA MULLALLY, FINANCE DIRECTOR / CITY TREASURER PREPARED BY: ALEXANDRA KARAPETIAN, ACCOUNTANT
SUBJECT: ACCOUNTS PAYABLE CHECK REGISTER – JUNE 2, 2026

RECOMMENDATION
Receive and file the accounts payable check register and wire transfer report dated June 2, 2026, in the amount of $7,064,285.32.

SUMMARY
The Municipal Code states that the accounts payable check register shall be presented to the City Council at the next regularly scheduled meeting following the printing and mailing of checks.

BACKGROUND
This check register includes both City and Successor Agency weekly check runs for the weeks since the last City Council meeting. Additionally, a report of any wires sent by the City is included as an attachment to this report on an as-needed basis.

FISCAL IMPACT
There is no direct fiscal impact associated with this report. Sufficient funds are available in the approved budget to cover all listed checks and wires.

1 CITY COUNCIL SPECIAL MEETING

MINUTES
May 13, 2026, 1:00 p.m.

Cultural Arts Center
4802 Lakeview Avenue
Yorba Linda, CA 92886
Councilmembers

Present:

Campbell, Huang, Lim, Singh, Rodriguez
Staff Present: Farnsworth, Grant, Kudron, Lai, Litfin, Lixey, Mullally _____________________________________________________________________

CALL TO ORDER
The City Council/Successor Agency to the Yorba Linda Redevelopment Agency convened at 1:18 p.m. in the Cultural Arts Center at 4802 Lakeview Avenue.

ROLL CALL
Councilwoman Campbell arrived at 3:00 p.m.

PLEDGE OF ALLEGIANCE
City Manager Peter Grant

AGENDA ITEM

1. CITY COUNCIL STRATEGIC PLANNING WORKSHOP
The City Council met and discussed the City of Yorba Linda’s Strategic Plan and Strategic Goals.

2 PUBLIC COMMENTS – ON THE ITEM ON THE AGENDA
None.

ADJOURNMENT
Mayor Rodriguez adjourned the meeting at 5:42 p.m. to the next City Council/Successor Agency to the Yorba Linda Redevelopment Agency Joint meeting on May 19, 2026. _________________________
City Clerk

1 CITY COUNCIL/SUCCESSOR AGENCY TO THE YORBA LINDA REDEVELOPMENT

AGENCY, YORBA LINDA HOUSING AUTHORITY AND YORBA LINDA MUNICIPAL

FINANCING AUTHORITY JOINT MEETING

MINUTES
May 19, 2026, 6:30 p.m.

Council Chambers
4845 Casa Loma Avenue
Councilmembers

Present:

Campbell, Huang, Lim, Singh, Rodriguez
Staff Present: Brown, Farnsworth, Grant, Mullally, Kudron, Lai, Lixey, Litfin, Lee _____________________________________________________________________

CALL TO ORDER
The City Council/Successor Agency to the Yorba Linda Redevelopment Agency convened at 5:36 p.m. in the Council Chambers at 4845 Casa Loma Avenue.

ROLL CALL
Councilwoman Peggy Huang arrived at 5:50 p.m.

ANNOUNCEMENT OF CLOSED SESSION ITEMS

CITY COUNCIL/SUCCESSOR AGENCY TO THE YORBA LINDA REDEVELOPMENT AGENCY
A. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION,

SIGNIFICANT EXPOSURE TO LITIGATION
Government Code Section 54956.9(d)(2) (1 Case)

2 B. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION Government Code Section 54956.9(d)(1) (1 case)
Name of Case: Yorba Canyon, LLC v. City of Yorba Linda
Case Number: 30-2025-01497724-CU-WM-CXC, Superior Court, County of Orange C. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Government Code Section 54956.9(d)(1) (1 case)
Name of Case: North County Chabad Center dba Chabad Beth Meir Hacohen v. City of Yorba Linda
Case Number: 30-2026-01560044-CU-WM-CXC, Superior Court, County of Orange

PUBLIC COMMENT ON CLOSED SESSION ITEMS
None.

CONVENE INTO CLOSED SESSION
The City Council convened into Closed Session at 5:37 p.m.

RECESS

3 CALL TO ORDER
The City Council/Successor Agency to the Yorba Linda Redevelopment Agency, Yorba Linda Housing Authority and Yorba Linda Municipal Financing Authority reconvened at 6:31 p.m. in the Council Chambers at 4845 Casa Loma Avenue, Yorba Linda.

ROLL CALL

PLEDGE OF ALLEGIANCE
OCFA Cadet Post 2

INVOCATION
Fr. Zbigniew Fraszczak, Saint John Paul II Polish Center

CLOSED SESSION REPORT
City Attorney Todd Litfin said there was no reportable action.

INTRODUCTIONS & PRESENTATIONS

RECOGNITION OF YORBA LINDA HIGH SCHOOL WRESTLING TEAM
Mayor Carlos Rodriguez invited the Yorba Linda High School Wrestling team to the podium and shared that this year, marks the first ever Girls League championship and said there were back to back Boys League champions. He said they were able to win league titles at both men's and women's teams as well as have a CIF Masters Qualifier for the Boys Team in Dayne Dalmas.

Mayor Rodriguez presented the athletes with certificates of recognition, and they also received certificates from the offices of Congresswoman Young Kim, Senators Steven Choi and Kelly Seyarto, Assemblyman Phillip Chen, and Supervisor Don Wagner.

RECOGNITION OF NATIONAL PUBLIC WORKS WEEK
Mayor Rodriguez presented Public Works Director/City Engineer Jamie Lai with a proclamation recognizing May 17 - 23, 2026 as National Public Works Week. He said Public Works services provided in the community are an integral part of the everyday lives of residents and said this year's theme by the American Public Works Association is "Rooted In Service Powered by Community".

Director Lai shared a brief video, highlighting the Public Works Department and their activities throughout the community.

RECOGNITION OF NATIONAL POLICE WEEK AND MEDAL OF VALOR RECIPIENTS Mayor Rodriguez proclaimed National Police Week as May 10 - 16th, and recognized Medal of Valor Recipients. There are more than 800,000 law enforcement officers

4 serving in communities across the United States, including the dedicated members of the Yorba Linda Police Services. He extended Council's deepest gratitude for the Yorba Linda Police Services and Orange County Sheriff's Department for their unwavering dedication to the community.

Sergeant Donny Lee accepted the proclamation and thanked Council for their continued support. Sgt. Lee and Council recognized Deputies Michael Kobel, Kiana Lewis, Adam Nauta, and said Professional Services Responder Shawn Crawford was unable to attend the meeting. He spoke about their heroic efforts at Canyon RV Park and said their quick actions helped save many lives. He also recognized Deputy Joseph White for his CPR response that saved a father's life near La Palma and Weir Canyon during a medical emergency. The deputies also received certificates from the offices of Congresswoman Kim, Senators Choi and Seyarto, Assemblyman Chen, and Supervisor Wagner.

LAW ENFORCEMENT SERVICES UPDATE BY CHIEF OF POLICE SERVICES

CAPTAIN DE ANNE WIGGINTON
Sgt. Donny Lee delivered a PowerPoint presentation highlighting law enforcement updates from January through April. He shared traffic collision statistics and reported that the top three citations issued this year were for expired registration (236), speeding (121), and stop sign violations (108). Sgt. Lee also reviewed monthly response times, which averaged 5:36 in January, 5:00 in February, 3:36 in March, and 5:00 in April. In addition, he discussed the Peregrine platform utilized by the department’s Real-Time Operations Center. Sgt. Lee talked about crime data, residential burglaries, and arrests.

He discussed a few significant arrests, including one where two suspects were arrested for a stolen vehicle on January 5th, 1 suspect arrest for fraud and burglary on February 27th, and another where 1 suspect was arrested for brandishing a weapon on March 19th. Sgt. Lee spoke about Yorba Linda Police Services' e-bike safety events, Coffee with a Cop, Career Day, Cupcakes with Deputies, and Heroes Supporting Heroes.

PUBLIC COMMENTS – ITEMS ON THE CONSENT CALENDAR OR ITEMS NOT ON

THE REMAINDER OF THE AGENDA
Trudi DesRoches, Board Director for the Yorba Linda Water District, spoke about the major water main break that occurred on Rose Drive in Yorba Linda on Tuesday, May

12. She reported that district crews responded within 10 minutes of receiving the notification; however, 10 nearby homes were unfortunately flooded as a result of the break. Water lines were shut down, impacting 51 customers, surrounding businesses, and 47 homes in the area. Ms. DesRoches stated that crews fully repaired the line within eight hours and assisted with cleanup efforts at the affected homes. She also noted that the district’s insurance provider contacted impacted residents the following day and provided claim information. Ms. DesRoches also discussed an upcoming

5 infrastructure improvement project along Kellogg Drive, from Short Street to Glenview Avenue, which will include the replacement of a water line. At the same time, a sewer line along Kellogg Drive, from Paseo de Grace to Crest Hill Drive, will be upgraded to increase capacity. Most of the construction is expected to take place this summer.

Aslam Dada, representing the Islamic Center, expressed his appreciation to Yorba Linda Police Services for their response following the shooting incident in San Diego the previous day. He said the community feels safe and secure and commended Sgt.

Donny Lee, adding that Yorba Linda has some of the best law enforcement officers.

Aanya Parikh, Councilwoman Janice Lim's intern and student at Orange County School of the Arts (OSHA), spoke about the Point In Time Study that was released yesterday and homelessness statistics, local and regional impacts, and solutions.

Diane Kanne, resident, addressed Consent Calendar Item No. 13 and expressed concerns with the cost of the project and bid process. She expressed her approval of Consent Calendar Item No. 14 and the affordable housing units to help alleviate the housing and homelessness crisis.

Pat Nelson, resident, requested weed abatement at the lot on Valley View Avenue, north of Imperial Highway, and the potential church site at Los Angeles Street and Imperial Highway. She noted the church site was recently mowed but expressed concern that the Valley View Avenue lot could become a fire hazard. She also commented on the May 13 Planning Commission meeting for the Yorba Linda Car Wash project, noting concerns regarding traffic safety, turnout and egress, and the absence of a traffic study or Traffic Commission review.

CONSENT CALENDAR
Mayor Rodriguez pulled Item No. 13 from the Consent Calendar.

City Attorney Litfin stated for the record that for Consent No.11, staff would like to make a correction to Attachment 2 to add “Category A” to the firm Transtech’s on-call contract, consistent with what is shown on Attachment 1.

Moved by Huang
Seconded by Singh
Approve the Consent Calendar.

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

6 1. WAIVE READING IN FULL OF ALL ORDINANCES AND RESOLUTIONS ON THE AGENDA
Waive reading in full of all ordinances and resolutions on the agenda and declare that said titles which appear on the public agenda shall be determined to have been read by title and further reading waived.

2. ACCOUNTS PAYABLE CHECK REGISTER – MAY 19, 2026
Receive and file the accounts payable check register and wire transfer report dated May 19, 2026, in the amount of $2,145,603.79.

3. APPROVE THE MINUTES OF THE MAY 5, 2026 CITY COUNCIL / SUCCESSOR

AGENCY TO THE YORBA LINDA REDEVELOPMENT AGENCY MEETING
Approve the minutes of the May 5, 2026 City Council/Successor Agency to the Yorba Linda Redevelopment Agency joint meeting.

4. TREASURER’S REPORT – FEBRUARY 2026

1.) Receive and file the attached monthly Treasurer’s Report; and 2.) Delegate investment responsibility to the Finance Director / City Treasurer for one year.

5. ADOPT RESOLUTION NO. 2026-5984 APPROVING SB-1 ROAD MAINTENANCE

PROJECT
Adopt Resolution No. 2026-5984 approving FY 2026-27 SB-1 Road Maintenance and Rehabilitation Account projects.

6. ADOPT RESOLUTION NO. 2026-5985 APPROVING THE LOCAL SIGNAL SYNCHRONIZATION PROGRAM UPDATE FOR THE OCTA MEASURE M2

PROGRAM
Adopt Resolution No. 2026-5985 approving the City’s Local Signal Synchronization Plan update.

7. APPROVE AN AGREEMENT FOR LANDSCAPE MAINTENANCE ASSESSMENT

DISTRICT PACKAGE A SERVICES WITH NIEVES LANDSCAPE, LLC

1.) Approve an agreement with Nieves Landscape, LLC. for Landscape Maintenance Assessment District Package A services for an initial three-year term in the aggregate amount of $3,686,977.08; and 2.) Approve contingencies for additional services or unanticipated work, provided the contingency amount does not exceed 15% of the annual agreement amount for the applicable fiscal year ($184,348.85).

7 8. APPROVE AN AGREEMENT FOR LANDSCAPE MAINTENANCE ASSESSMENT

DISTRICT PACKAGE B SERVICES WITH NIEVES LANDSCAPE, LLC

1.) Approve an agreement with Nieves Landscape, LLC. for Landscape Maintenance Assessment District Package B services for an initial three-year term in the aggregate amount of $3,814,051.74; 2.) Deem Merchants Landscape Services unresponsive due to not meeting the minimum staffing requirement identified in the bid documents and not providing sufficient justification for reduced staffing; and 3.) Approve annual contingencies for additional services or unanticipated work, provided the contingency amount does not exceed 15% of the annual agreement amount for the applicable fiscal year ($190,702.59).

9. APPROVE AN AGREEMENT FOR LANDSCAPE MAINTENANCE ASSESSMENT

DISTRICT PACKAGE D SERVICES WITH NIEVES LANDSCAPE, LLC

1.) Approve an agreement with Nieves Landscape, LLC. for Landscape Maintenance Assessment District Package D services for an initial three-year term in the aggregate amount of $3,779,970.93; 2.) Deem Merchants Landscape Services unresponsive due to not meeting the minimum staffing requirement identified in the bid documents and not providing sufficient justification for reduced staffing; and 3.) Approve annual contingencies for additional services or unanticipated work, provided the contingency amount does not exceed 15% of the annual agreement amount for the applicable fiscal year ($188,998.55).

10. APPROVE AN AGREEMENT FOR LANDSCAPE MAINTENANCE ASSESSMENT

DISTRICT PACKAGE F SERVICES WITH NIEVES LANDSCAPE, LLC

1.) Approve an agreement with Nieves Landscape, LLC. for Landscape Maintenance Assessment District Package F services for an initial three-year term in the aggregate amount of $3,347,861.10; and 2.) Approve annual contingencies for additional services or unanticipated work, provided the contingency amount does not exceed 15% of the annual agreement amount for the applicable fiscal year ($167,393.05).

11. APPROVE ON-CALL AGREEMENTS FOR ENGINEERING SERVICES

1.) Approve on-call engineering services agreements with the firms listed in attachments; 2.) Approve annual expenditures of up to $75,000 per firm under each oncall agreement; and 3.) Authorize the City Manager to approve minor, non-substantive changes to the agreements approved by the City Attorney.

12. APPROVE THE SENIOR MOBILITY PROGRAM AGREEMENT WITH ORANGE

COUNTY YELLOW MANAGEMENT
Approve the Senior Mobility Program Agreement with Orange County Yellow Management, LLC for an amount not to exceed $300,000.

8 14. APPROVE AN AFFORDABLE HOUSING AGREEMENT AND DENSITY BONUS

AGREEMENT AND DECLARATION OF CC&R WITH THE OLSON COMPANY

1.) Approve an Affordable Housing Agreement and Density Bonus Agreement and Declaration of Covenants, Conditions and Restrictions with Olson Urban VI – Yorba Linda 2 LLC; and 2.) Authorize the City Manager to approve alternative covenant language (including subordination if warranted) provided the developer demonstrates that it is unable to finance the sale of the affordable units.

15. ADOPT RESOLUTION NO. 2026-5986 APPROVING THE PAVEMENT MANAGEMENT PLAN UPDATE (MEASURE M2 PROGRAM)
Adopt Resolution No. 2026-5986 approving the City’s Pavement Management Plan (PMP) update.

16. RECEIVE AND FILE REPORTS OF PLANNING COMMISSION ACTIONS FROM

THEIR LAST MEETING
Receive and file this report.

17. CITY COUNCIL COMMITTEE AND AGENCY REPORTS
Receive and file this report.

13. APPROVE AN AGREEMENT FOR THE REPLACEMENT OF THE WALK-IN

COOLER AT BLACK GOLD GOLF CLUB
Mayor Rodriguez stated that the walk-in cooler at Black Gold Golf Club has been in service for more than 20 years and noted that the City conducted due diligence by soliciting proposals from 13 firms, with the lowest bid totaling $372k.

City Manager Peter Grant explained that the commercial-grade equipment upgrade is needed to support the continued success of Derrick’s Restaurant. He emphasized that Black Gold Golf Club operates as an enterprise fund, separate from the tax-supported General Fund, with revenues generated and expended by the facility itself. He stated the project should be viewed as an investment in the operation.

Parks and Recreation Director Mike Kudron noted that obtaining bids has become increasingly challenging, but staff is confident in the bids received and that the pricing aligns with project expectations. Council also discussed the specialized nature and importance of this replacement.

Moved by Huang
Seconded by Singh

9 1.) Approve plans and specifications for the Black Gold Walk-in Cooler Project; and 2.) Approve an agreement with Procon Development, Inc. for construction of the Project for $372,100 and authorize a contingency of $37,210.

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

PUBLIC HEARING

18. APPROVE A MASTER FEE SCHEDULE UPDATE
a. Open Public Hearing - Mayor Rodriguez opened the public hearing. b. Staff Report -
City Manager Grant thanked staff for all of their hard work and said master fee updates are only conducted every few years due to the undertaking involved. Finance Director Donna Mullally said cities typically update the Master Fee Schedule every 5 years. She introduced Terry Madsen, President and Principal Consultant with ClearSource Financial Consulting, who shared a PowerPoint presentation with their user and regulatory fee findings. He said their update does not examine taxes, assessments, utility rates, or development impact fees. He said the financial updates are conducted every few years to ensure compliance with the California Constitution and Government Code, and spoke about cost recovery, their findings and recommendations. c. Take Testimony
None.
d. Close Public Hearing - Mayor Rodriguez closed the public hearing. e. Make Determination
Mayor Pro Tem Huang requested that staff evaluate Parks and Recreation fee recovery and consider updates to program and facility rental fees referenced in the staff report, noting they have not been adjusted since 2017. Director Kudron explained that the fees apply to community center, picnic shelter, and facility rentals, and noted that COVID-19 delayed planned updates. He stated staff has been working to align the fees with a comprehensive fee study for future Council consideration. Mayor Pro Tem Huang emphasized the importance of reviewing the fees to improve cost recovery.

Mayor Rodriguez said the Finance Committee met to discuss this item earlier in the afternoon and they recommend the annual CPI escalator not to exceed 3.5% as part of the recommendation.

10 Moved by Huang
Seconded by Singh

1.) Adopt Resolution No. 2026-5987 establishing and updating user and regulatory fees for FY 2026-27, including future annual Consumer Price Index adjustment (not to exceed 3.5%); and 2.) Receive and file the User and Regulatory Fee Study.

AYES (5): Campbell, Huang, Lim, Singh, and Rodriguez
CARRIED (5 to 0)
CITY MANAGER’S REPORT/MAYOR’S REPORT/MATTERS PRESENTED BY

COUNCILMEMBERS/ OTHER AGENCY REPORTS
City Manager Grant thanked the City Council and executive team for participating in last week’s strategic planning workshop, where they spent several hours discussing opportunities and challenges facing the City. He stated that strategic planning is essential to ensuring the community’s long-term success and expressed his intent to hold the workshops annually to help guide City priorities and service delivery. He noted that staff will report back on progress at a future meeting. Mr. Grant also shared that he and his family attended Murder on the Orient Express and commended staff for the event’s organization and customer service. He spoke positively about the annual Lobsterfest event and encouraged residents to attend the Memorial Day Ceremony at Veterans Park on May 25 at 2:00 p.m.

Councilwoman Tara Campbell highlighted the recently released Orange County Point in Time Count results, noting a 13.3% decrease in homelessness countywide and a 27% decrease in unsheltered homelessness. She stated that, for the first time, the sheltered homeless population exceeded the unsheltered population. She encouraged residents to review the data online and thanked the County for its efforts in addressing homelessness as a regional issue. She also shared that she volunteered at Lobsterfest and thanked Sgt. Lee and Captain De Anne Wigginton for their participation and support.

Councilman Shivinder Singh reported that he and Councilwoman Janice Lim presented certificates to recipients of the Yorba Linda Woman’s Club Art Contest on May 7.

Councilwoman Lim spoke about the importance of relationships and community support in preventing homelessness. She also praised the Lobsterfest event and announced that the next Ride Ready e-bike safety event will be held on June 11 from 11:00 a.m. to 2:30 p.m. at the Yorba Linda Town Center. She noted attending several ribbon cuttings and community celebrations, highlighted the Local Authors Festival at the library, and encouraged residents—particularly seniors—to remain vigilant against scams and fraud.

11 Mayor Pro Tem Huang thanked Councilwoman Campbell for serving her family at Lobsterfest and commended the Rotary Club for organizing one of her favorite annual community events. She wished residents a happy Memorial Day and encouraged attendance at the Veterans Memorial ceremony.

Mayor Rodriguez also spoke about his Lobsterfest experience and commended Library staff for the oustanding, quality Star Wars Day event last Saturday. He thanked staff and Council for their time and contributions during their strategic planning workshop last week. He announced the annual Memorial Day Ceremony on Monday, May 25, at 2:00 p.m. at the Veterans Memorial in Veterans Park. The event will be hosted by the Veterans Memorial Association and will provide the community an opportunity to honor and remember the brave men and women who made the ultimate sacrifice in service to the country. Mayor Rodriguez also spoke about the Military Banner Program, he said it provides residents an opporunity to honor the service of a loved one by purchasing a military banner through the City's Military Banner Program. He said the program proudly recognizes Yorba Linda Gold Star and active duty military personnel by displaying banners along sections of Yorba Linda Boulevard, each featuring the honoree’s name and military branch. Applications are open through June 1st and more information can be found on the City's website.

ADJOURNMENT
Mayor Rodriguez adjourned the meeting at 8:36 p.m. to the next regularly scheduled City Council/Successor Agency to the Yorba Linda Redevelopment Agency joint meeting on June 2, 2026.
_________________________
City Clerk

FINANCE DEPARTMENT
DATE: JUNE 2, 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 – MARCH 2026

RECOMMENDATION

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

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 March 2026.

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 – March 2026

CITY OF YORBA LINDA

ACCOUNT STATEMENT
For the Month Ending
March 31, 2026
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]

For the Month Ending March 31, 2026
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

Managed Account Summary Statement For the Month Ending March 31, 2026 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)
$53,471,667.88
(104,097.39)
(5,859,776.60)
6,443,977.75

0.00 (553,358.31)
$53,398,413.33
158,257.00
(18,632.53)
158,693.34
$298,317.81
Total
53,371,534.54
364,180.50
5,896,343.03
104,097.39
121,690.57
(6,462,610.28)
(52,866,105.87)
(342,150.53)
Total Accrual Basis Earnings $186,979.35
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 5,896,343.03
121,690.57
104,097.39
(6,892,064.18)
(532.26)

0.00 Cash Balance
Closing Cash Balance $111,013.99
PFM Asset Management, a division of Account 97480000 Page 1 U.S. Bancorp Asset Management, Inc.

Portfolio Summary and Statistics For the Month Ending March 31, 2026 CITY OF YORBA LINDA - 97480000
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 29,360,000.00 29,049,684.81 54.40 Supra-National Agency Bond / Note 235,000.00 235,930.84 0.44 Municipal Bond / Note 380,000.00 380,659.46 0.71
Federal Agency Commercial
Mortgage-Backed Security
8,455,491.99 8,435,328.33 15.80
Corporate Note 14,490,000.00 14,400,775.45 26.97
Certificate of Deposit 365,000.00 366,519.86 0.69
Bank Note 530,000.00 524,954.94 0.98
Asset-Backed Security 4,560.64 4,559.64 0.01
Managed Account Sub-Total 53,820,052.63 53,398,413.33 100.00% Accrued Interest 364,180.50
Total Portfolio 53,820,052.63 53,762,593.83
Unsettled Trades 0.00 0.00
Sector Allocation

0.01%
ABS

0.98%
Bank Note

0.69%
Cert of Deposit

26.97%
Corporate Note

15.80%
Federal Agency
Commercial
Mortgage-Backed
Security

0.71%
Muni Bond / Note

0.44%
Supra-National
Agency Bond / Note

54.40%
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

0.28%

1.80%

22.53%

30.99%

22.54% 21.86%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1060

4.09%

4.05%
PFM Asset Management, a division of Account 97480000 Page 2 U.S. Bancorp Asset Management, Inc.

Managed Account Issuer Summary For the Month Ending March 31, 2026 CITY OF YORBA LINDA - 97480000
Credit Quality (S&P Ratings)

5.28%
A

10.54%
A+

5.42%
A0.69%
A-1

0.99%
AA

71.83%
AA+

3.27%
AA0.45%
AAA

0.66%
BBB+

0.87%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Abbott Laboratories 424,885.58 0.80
Adobe Inc 651,739.37 1.22
Alphabet Inc 873,761.51 1.64
Amazon.com Inc 531,057.05 0.99
American Express Co 481,169.80 0.90
Analog Devices Inc 386,214.29 0.72
AstraZeneca PLC 147,501.98 0.28
Bank of America Corp 375,135.00 0.70
Bank of New York Mellon Corp 685,774.52 1.28
BlackRock Inc 403,926.21 0.76
California State University 110,520.74 0.21
Capital One Financial Corp 4,559.64 0.01
Cisco Systems Inc 254,578.25 0.48
Citigroup Inc 253,897.50 0.48
Credit Agricole Group 366,519.86 0.69
Deere & Co 176,181.25 0.33
Eli Lilly & Co 304,062.60 0.57
Federal Home Loan Mortgage Corp 7,555,758.77 14.15
Federal National Mortgage Association 879,569.56 1.65
Hershey Co 203,160.00 0.38
Home Depot Inc 375,686.54 0.70
Honda Motor Co Ltd 351,598.10 0.66
HSBC Holdings PLC 402,491.20 0.75
International Finance Corp 235,930.84 0.44
Intuit Inc 155,909.78 0.29
JPMorgan Chase & Co 418,639.34 0.78
Kenvue Inc 279,196.78 0.52
KLA Corp 393,356.80 0.74
Lockheed Martin Corp 252,037.50 0.47
Los Angeles Unified School District/CA 270,138.72 0.51
Meta Platforms Inc 262,428.71 0.49
Morgan Stanley 818,277.01 1.53
PFM Asset Management, a division of Account 97480000 Page 3 U.S. Bancorp Asset Management, Inc.

Managed Account Issuer Summary For the Month Ending March 31, 2026 CITY OF YORBA LINDA - 97480000
Issuer of Holdings Percent
Market Value
National Rural Utilities Cooperative Fi 299,070.08 0.56 Northern Trust Corp 396,944.37 0.74
Novartis AG 714,710.92 1.34
PACCAR Inc 124,051.25 0.23
PNC Financial Services Group Inc 208,891.83 0.39
Salesforce Inc 806,667.16 1.51
Shell PLC 524,799.64 0.98
TotalEnergies SE 574,648.92 1.08
Toyota Motor Corp 387,659.61 0.73
Truist Financial Corp 524,954.94 0.98
UBS Group AG 500,665.00 0.94
United States Treasury 29,049,684.81 54.40
Total $53,398,413.33 100.00%
PFM Asset Management, a division of Account 97480000 Page 4 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 03/31/2022 2.500% 03/31/2027
91282CEF4 250,000.00 AA+ Aa1 03/01/24 03/05/24 236,523.44 4.40 17.08 245,624.03 247,062.50

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 2.94 262.43 121,960.03 120,702.00

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 4,330.11 374,214.42 370,938.38

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 5,392.96 596,666.00 590,578.20

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 3,766.41 290,007.52 290,192.56

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 3,431.25 383,087.49 384,713.55

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 1,131.18 645,992.66 649,661.18

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 2,859.46 351,385.08 347,566.45

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 2,279.01 499,057.55 492,988.50

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 4.58 186.96 406,280.25 410,364.48

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 3.49 208.70 460,404.13 458,081.28

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 4.04 521.74 1,142,192.22 1,145,203.20

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 27.25 284,991.34 283,608.35

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 6.15 568,090.16 569,976.60 PFM Asset Management, a division of Account 97480000 Page 5 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
U.S. Treasury Bond / Note

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 1,732.04 100,422.79 100,414.10

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 8,660.22 501,058.95 502,070.50

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 3,491.23 398,040.60 399,797.97

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 5,454.81 420,509.99 420,246.12

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 2,610.50 448,960.44 447,433.65

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 6,153.31 1,767,658.88 1,765,476.00

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 74.28 751,764.35 747,275.25

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 5,658.01 384,210.45 382,563.72

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 7,888.38 713,724.06 711,208.33

US TREASURY N/B
DTD 06/01/2021 1.250% 05/31/2028
91282CCE9 175,000.00 AA+ Aa1 01/22/26 01/23/26 165,648.44 3.64 733.17 166,363.47 165,730.43

US TREASURY N/B
DTD 06/01/2021 1.250% 05/31/2028
91282CCE9 200,000.00 AA+ Aa1 01/13/26 01/14/26 189,609.38 3.55 837.91 190,500.61 189,406.20

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 9,112.29 748,907.97 747,041.25

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 3.88 124.31 70,224.85 70,330.05

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 4.43 951.09 249,724.14 253,125.00 PFM Asset Management, a division of Account 97480000 Page 6 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
U.S. Treasury Bond / Note

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 4,945.65 1,305,383.86 1,316,250.00

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 6,380.77 394,643.43 391,929.67

US TREASURY N/B
DTD 11/17/2025 3.500% 11/15/2028
91282CPK1 530,000.00 AA+ Aa1 01/21/26 01/22/26 527,867.58 3.65 7,020.30 528,005.26 525,714.42

US TREASURY N/B
DTD 02/17/2026 3.500% 02/15/2029
91282CQA2 1,200,000.00 AA+ Aa1 03/02/26 03/05/26 1,202,015.63 3.44 5,220.99 1,201,967.96 1,189,593.60

US TREASURY N/B
DTD 03/16/2026 3.500% 03/15/2029
91282CQE4 805,000.00 AA+ Aa1 03/12/26 03/16/26 799,245.51 3.75 1,301.56 799,327.35 797,893.46

US TREASURY N/B
DTD 04/01/2024 4.125% 03/31/2029
91282CKG5 800,000.00 AA+ Aa1 03/26/26 03/31/26 802,656.25 4.01 90.16 802,654.73 806,656.00

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 5,429.67 364,210.85 366,975.00

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 1,816.23 171,812.43 172,058.53

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 4,076.09 1,460,438.80 1,464,667.50

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 24.88 237,508.13 235,018.33

US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2029
91282CLR0 370,000.00 AA+ Aa1 01/20/26 01/21/26 374,798.44 3.75 6,408.56 374,570.27 373,035.11

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 8,660.22 500,000.00 504,101.50

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 1,728.19 125,898.08 126,035.13

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 11,039.49 836,843.05 849,801.10 PFM Asset Management, a division of Account 97480000 Page 7 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2029
91282CGB1 600,000.00 AA+ Aa1 01/02/25 01/07/25 587,062.50 4.36 5,844.61 590,012.80 599,601.60

US TREASURY N/B
DTD 02/18/2020 1.500% 02/15/2030
912828Z94 215,000.00 AA+ Aa1 04/01/25 04/03/25 192,332.62 3.90 400.90 196,622.90 196,741.77

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2030
91282CGS4 205,000.00 AA+ Aa1 01/14/26 01/15/26 204,743.75 3.66 20.30 204,755.83 202,877.84

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2030
91282CGS4 210,000.00 AA+ Aa1 01/13/26 01/14/26 209,442.19 3.69 20.80 209,468.41 207,826.08

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2030
91282CGS4 400,000.00 AA+ Aa1 01/13/26 01/14/26 398,843.75 3.70 39.62 398,897.69 395,859.20

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 46.06 456,722.38 460,186.32

US TREASURY N/B
DTD 06/02/2025 4.000% 05/31/2030
91282CNG2 180,000.00 AA+ Aa1 01/14/26 01/15/26 182,362.50 3.67 2,413.19 182,258.39 180,611.64

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 8,484.12 891,703.07 894,164.40

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 5,973.07 934,835.35 928,437.60

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 3.72 108.67 891,879.25 884,422.28

US TREASURY N/B
DTD 10/31/2025 3.625% 10/31/2030
91282CPD7 640,000.00 AA+ Aa1 12/01/25 12/04/25 640,275.00 3.61 9,741.44 640,259.86 631,724.80

US TREASURY N/B
DTD 01/31/2024 4.000% 01/31/2031
91282CJX0 475,000.00 AA+ Aa1 02/06/26 02/10/26 479,898.44 3.77 3,149.17 479,773.60 475,964.73

US TREASURY N/B
DTD 02/29/2024 4.250% 02/28/2031
91282CKC4 600,000.00 AA+ Aa1 03/05/26 03/11/26 613,382.81 3.75 2,217.39 613,243.05 607,781.40 Security Type Sub-Total 29,360,000.00 28,780,378.55 3.82 180,504.34 29,075,721.21 29,049,684.81 PFM Asset Management, a division of Account 97480000 Page 8 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
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 2,170.49 234,795.86 235,930.84 Security Type Sub-Total 235,000.00 234,233.90 4.49 2,170.49 234,795.86 235,930.84 Municipal Bond / Note

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 1.46 545.63 150,000.00 149,097.60

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 2,179.38 110,000.00 110,520.74

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 1,326.90 120,000.00 121,041.12 Security Type Sub-Total 380,000.00 380,000.00 3.35 4,051.91 380,000.00 380,659.46 Federal Agency Commercial Mortgage-Backed Security
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 4.90 701.89 248,510.51 251,910.17 FNA 2018-M2 A2
DTD 02/01/2018 2.928% 01/01/2028
3136B0YM2 458,482.24 AA+ Aa1 04/03/25 04/08/25 445,479.97 4.07 1,118.87 449,843.53 449,207.14 FHMS K074 A2
DTD 03/01/2018 3.600% 01/01/2028
3137F4D41 496,634.05 AA+ Aa1 07/19/24 07/24/24 479,853.25 4.64 1,489.90 487,552.54 492,008.40 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 274,863.91 AA+ Aa1 12/06/23 12/14/23 274,861.70 4.86 1,112.74 274,863.34 277,610.35 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 369,876.69 AA+ Aa1 07/19/23 07/27/23 369,867.44 4.78 1,472.42 369,872.48 372,009.77 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 1,867.36 467,103.73 470,192.65 FNA 2023-M6 A2
DTD 07/01/2023 4.184% 07/01/2028
3136BQDE6 430,758.29 AA+ Aa1 07/18/23 07/31/23 423,455.59 4.58 1,501.96 427,363.39 430,362.42 PFM Asset Management, a division of Account 97480000 Page 9 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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 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 1,797.25 449,726.66 459,890.80 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 1,821.25 466,400.94 474,735.25 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 1,374.17 334,028.75 345,081.98 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 1,820.00 452,070.12 460,835.38 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 5.14 739.23 174,719.86 178,530.80 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 1,073.25 264,575.92 269,127.64 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 1,905.00 495,088.80 504,339.00 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 4.20 971.67 517,790.48 521,201.45 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 1,553.67 396,670.32 401,335.41 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 1,665.77 442,861.74 444,426.84 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 1,878.33 500,544.09 504,517.50 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 1,177.79 299,291.73 300,226.81 FHMS K124 A1
DTD 02/01/2021 0.964% 08/01/2030
3137F9CR0 529,876.82 AA+ Aa1 12/23/25 12/24/25 494,565.50 2.47 425.67 496,488.97 494,487.40 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 1,162.73 337,782.88 333,291.17 PFM Asset Management, a division of Account 97480000 Page 10 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
Security Type Sub-Total 8,455,491.99 8,307,150.58 4.56 28,630.92 8,353,150.78 8,435,328.33 Corporate Note

AMERICAN HONDA FINANCE
DTD 07/10/2024 4.900% 07/09/2027
02665WFK2 110,000.00 BBB+ A3 07/08/24 07/10/24 109,858.10 4.95 1,227.72 109,937.35 110,502.26

AMERICAN HONDA FINANCE
DTD 07/10/2024 4.900% 07/09/2027
02665WFK2 240,000.00 BBB+ A3 08/22/24 08/23/24 243,309.60 4.38 2,678.67 241,513.25 241,095.84

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 2,736.00 250,000.00 250,988.25

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 1,904.00 200,000.00 201,014.40

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 4.12 347.19 279,717.05 279,196.78

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 5,290.13 215,000.00 217,624.94

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 2,019.74 123,162.59 124,048.00

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 6,096.67 400,023.69 402,491.20

PNC FINANCIAL SERVICES (CALLABLE)
DTD 01/26/2026 4.075% 01/26/2029
693475CG8 210,000.00 A- A3 01/21/26 01/26/26 210,000.00 4.08 1,545.10 210,000.00 208,891.83

PACCAR FINANCIAL CORP
DTD 02/05/2026 3.900% 02/05/2029
69371RU38 125,000.00 A+ A1 01/29/26 02/05/26 124,947.50 3.91 758.33 124,950.34 124,051.25

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/05/2024 4.850% 02/07/2029
63743HFN7 105,000.00 A- A2 03/30/26 03/31/26 106,180.20 4.42 763.88 106,180.21 106,317.65

ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 75,000.00 AA+ Aa2 02/09/26 02/13/26 74,727.75 3.83 370.00 74,739.29 74,355.45

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 1,437.50 248,104.38 252,037.50

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 4.87 683.72 144,907.27 147,501.98 PFM Asset Management, a division of Account 97480000 Page 11 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
Corporate Note

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 250,000.00 AA- A1 02/13/26 02/17/26 257,027.50 3.86 1,178.82 256,750.39 254,578.25

ABBOTT LABORATORIES (CALLABLE)
DTD 03/09/2026 3.700% 03/09/2029
002824BR0 430,000.00 A+ Aa3 02/23/26 03/09/26 429,453.90 3.75 972.28 429,465.12 424,885.58

TOYOTA MOTOR CREDIT CORP
DTD 03/13/2026 4.050% 03/13/2029
89236TPQ2 390,000.00 A+ A1 03/10/26 03/13/26 389,859.60 4.06 789.75 389,862.55 387,659.61

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 4.08 719.78 395,236.37 393,356.80

SALESFORCE INC (CALLABLE)
DTD 03/13/2026 4.650% 03/15/2029
79466LAR5 805,000.00 A+ A2 03/11/26 03/13/26 804,822.90 4.66 1,871.63 804,826.32 806,667.16

UBS AG STAMFORD CT (CALLABLE)
DTD 03/16/2026 4.302% 03/16/2029
90261AAG7 250,000.00 A+ Aa2 03/11/26 03/16/26 250,000.00 4.30 448.13 250,000.00 249,676.75

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 4,407.72 215,000.00 216,359.01

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 5,309.50 400,072.15 396,944.37

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 4,558.79 250,000.00 251,087.00

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 1,520.00 119,478.60 121,844.28

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 1,583.33 124,731.77 126,921.13

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 1,583.33 124,752.10 126,921.13

AMERICAN EXPRESS CO (CALLABLE)
DTD 07/25/2025 4.351% 07/20/2029
025816EJ4 265,000.00 A- A2 02/03/26 02/04/26 266,383.30 4.19 2,274.00 266,298.19 264,810.79

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 4.25 438.67 79,878.17 80,075.76 PFM Asset Management, a division of Account 97480000 Page 12 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
Corporate Note

BANK OF NY MELLON CORP (CALLABLE)
DTD 10/25/2023 6.317% 10/25/2029
06406RBT3 655,000.00 A Aa3 03/02/26 03/05/26 691,752.05 4.62 17,929.75 690,802.95 685,774.52

MORGAN STANLEY (CALLABLE)
DTD 01/23/2019 4.431% 01/23/2030
6174468G7 290,000.00 A- A1 01/23/26 01/26/26 291,336.90 4.30 2,427.20 291,281.52 288,694.42

ADOBE INC (CALLABLE)
DTD 02/03/2020 2.300% 02/01/2030
00724PAD1 80,000.00 A+ A1 02/24/26 02/25/26 74,852.00 4.09 306.67 74,973.78 73,956.24

ADOBE INC (CALLABLE)
DTD 02/03/2020 2.300% 02/01/2030
00724PAD1 225,000.00 A+ A1 02/09/26 02/10/26 210,037.50 4.13 862.50 210,533.68 208,001.93

ADOBE INC (CALLABLE)
DTD 02/03/2020 2.300% 02/01/2030
00724PAD1 400,000.00 A+ A1 02/05/26 02/06/26 373,388.00 4.13 1,533.33 374,337.48 369,781.20

MORGAN STANLEY PVT BANK (CALLABLE)
DTD 02/02/2026 4.213% 02/08/2030
61776NU43 250,000.00 A+ Aa3 01/29/26 02/02/26 249,942.50 4.22 1,726.16 249,945.43 247,468.50

MORGAN STANLEY PVT BANK (CALLABLE)
DTD 02/02/2026 4.213% 02/08/2030
61776NU43 285,000.00 A+ Aa3 01/29/26 02/02/26 285,000.00 4.21 1,967.82 285,000.00 282,114.09

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 1,422.36 219,900.94 223,986.84

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 4.79 976.39 199,718.71 203,160.00

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 1,510.00 139,422.25 139,284.90

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 2,869.00 264,973.14 264,641.31

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 4,163.25 250,000.00 253,897.50

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 2,565.69 174,921.62 176,181.25

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 5,101.25 384,711.08 386,214.29 PFM Asset Management, a division of Account 97480000 Page 13 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
Corporate Note

INTUIT INC (CALLABLE)
DTD 06/29/2020 1.650% 07/15/2030
46124HAD8 175,000.00 A A3 02/18/26 02/19/26 157,120.25 4.22 609.58 157,554.84 155,909.78

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 7,815.06 468,695.76 464,764.67

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 2,907.55 174,377.72 173,282.90

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 5,898.18 354,029.62 351,516.74

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 4,575.67 265,836.78 262,428.71

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 2,585.38 194,826.99 192,752.43

TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 245,000.00 A+ Aa3 01/06/26 01/13/26 245,000.00 4.25 2,254.98 245,000.00 242,739.63

TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 335,000.00 A+ Aa3 01/07/26 01/13/26 336,038.50 4.18 3,083.34 335,996.91 331,909.29

ALPHABET INC (CALLABLE)
DTD 02/13/2026 4.100% 02/15/2031
02079KBK2 265,000.00 AA+ Aa2 02/10/26 02/17/26 264,748.25 4.12 1,448.67 264,754.34 263,158.52

ALPHABET INC (CALLABLE)
DTD 02/13/2026 4.100% 02/15/2031
02079KBK2 540,000.00 AA+ Aa2 02/10/26 02/17/26 539,746.20 4.11 2,952.00 539,751.99 536,247.54 AMAZON.COM INC (CALLABLE)
DTD 03/13/2026 4.250% 03/13/2031
023135DD5 235,000.00 AA A1 03/11/26 03/13/26 234,642.80 4.28 499.38 234,647.03 233,268.05 AMAZON.COM INC (CALLABLE)
DTD 03/13/2026 4.250% 03/13/2031
023135DD5 300,000.00 AA A1 03/10/26 03/13/26 299,520.00 4.29 637.50 299,525.57 297,789.00

NOVARTIS CAPITAL CORP (CALLABLE)
DTD 03/18/2026 4.400% 03/18/2031
66989HBG2 250,000.00 AA- Aa3 03/16/26 03/18/26 249,900.00 4.41 397.22 249,900.67 249,946.25 Security Type Sub-Total 14,490,000.00 14,423,965.75 4.37 136,540.26 14,430,007.95 14,400,775.45 PFM Asset Management, a division of Account 97480000 Page 14 U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026 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
Certificate of Deposit

CREDIT AGRICOLE CIB NY
DTD 02/05/2024 4.760% 02/01/2027
22536DWD6 365,000.00 A-1 P-1 02/01/24 02/05/24 365,000.00 4.76 2,654.36 365,000.00 366,519.86 Security Type Sub-Total 365,000.00 365,000.00 4.76 2,654.36 365,000.00 366,519.86 Bank Note

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 4,810.40 264,169.87 262,477.47

TRUIST BANK (CALLABLE)
DTD 10/23/2025 4.136% 10/23/2029
89788JAH2 265,000.00 A A3 01/22/26 01/23/26 264,085.75 4.23 4,810.40 264,128.31 262,477.47 Security Type Sub-Total 530,000.00 528,171.50 4.23 9,620.80 528,298.18 524,954.94 Asset-Backed Security
COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
14043GAD6 4,560.64 AAA Aaa 08/02/22 08/10/22 4,560.32 3.66 7.42 4,560.56 4,559.64 Security Type Sub-Total 4,560.64 4,560.32 3.66 7.42 4,560.56 4,559.64 Managed Account Sub-Total 53,820,052.63 53,023,460.60 4.09 364,180.50 53,371,534.54 53,398,413.33 $53,820,052.63 $53,023,460.60 4.09% $364,180.50 $53,371,534.54 $53,398,413.33 $53,762,593.83
$364,180.50
Total Investments
Accrued Interest
Securities Sub-Total
PFM Asset Management, a division of Account 97480000 Page 15 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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 91282CEF4 250,000.00 MorganSt 98.83 247,062.50 10,539.06 1,438.47 DTD 03/31/2022 2.500% 03/31/2027

0.97 3.71
US TREASURY N/B 912828ZN3 125,000.00 Barclays 96.56 120,702.00 9,705.91 (1,258.03) DTD 04/30/2020 0.500% 04/30/2027

1.06 3.78
US TREASURY N/B 91282CEN7 375,000.00 Citigrou 98.92 370,938.38 (428.81) (3,276.04) DTD 05/02/2022 2.750% 04/30/2027

1.04 3.78
US TREASURY N/B 912828X88 600,000.00 HSBC 98.43 590,578.20 5,039.14 (6,087.80) DTD 05/15/2017 2.375% 05/15/2027

1.08 3.82
US TREASURY N/B 91282CNE7 290,000.00 Nomura 100.07 290,192.56 181.23 185.04 DTD 06/02/2025 3.875% 05/31/2027

1.12 3.81
US TREASURY N/B 91282CET4 390,000.00 BMO 98.64 384,713.55 9,429.96 1,626.06 DTD 05/31/2022 2.625% 05/31/2027

1.13 3.82
US TREASURY N/B 912828ZS2 675,000.00 MorganSt 96.25 649,661.18 53,288.13 3,668.52 DTD 06/01/2020 0.500% 05/31/2027

1.14 3.83
US TREASURY N/B 91282CEW7 350,000.00 GoldmanS 99.30 347,566.45 (7,888.63) (3,818.63) DTD 06/30/2022 3.250% 06/30/2027

1.20 3.82
US TREASURY N/B 91282CFB2 500,000.00 MorganSt 98.60 492,988.50 (3,476.34) (6,069.05) DTD 08/01/2022 2.750% 07/31/2027

1.29 3.84
US TREASURY N/B 91282CAH4 430,000.00 BMO 95.43 410,364.48 31,443.78 4,084.23 DTD 08/31/2020 0.500% 08/31/2027

1.39 3.85
US TREASURY N/B 91282CAH4 480,000.00 BMO 95.43 458,081.28 17,662.53 (2,322.85) DTD 08/31/2020 0.500% 08/31/2027

1.39 3.85
US TREASURY N/B 91282CAH4 1,200,000.00 WellsFar 95.43 1,145,203.20 67,125.07 3,010.98 DTD 08/31/2020 0.500% 08/31/2027

1.39 3.85
US TREASURY N/B 91282CPB1 285,000.00 BMO 99.51 283,608.35 (1,380.52) (1,382.99) DTD 09/30/2025 3.500% 09/30/2027

1.44 3.84
US TREASURY N/B 91282CAL5 600,000.00 Nomura 95.00 569,976.60 30,468.79 1,886.44 DTD 09/30/2020 0.375% 09/30/2027

1.47 3.85
US TREASURY N/B 91282CFU0 100,000.00 JPMorgan 100.41 100,414.10 (894.49) (8.69) DTD 10/31/2022 4.125% 10/31/2027

1.50 3.85
US TREASURY N/B 91282CFU0 500,000.00 BOFAML 100.41 502,070.50 (1,152.16) 1,011.55 DTD 10/31/2022 4.125% 10/31/2027

1.50 3.85
US TREASURY N/B 9128283F5 410,000.00 BMO 97.51 399,797.97 10,954.61 1,757.37 DTD 11/15/2017 2.250% 11/15/2027

1.56 3.85
PFM Asset Management, a division of Account 97480000 Page 16 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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 91282CFZ9 420,000.00 JPMorgan 100.06 420,246.12 (1,279.66) (263.87) DTD 11/30/2022 3.875% 11/30/2027

1.58 3.84
US TREASURY N/B 91282CGH8 450,000.00 JPMorgan 99.43 447,433.65 263.73 (1,526.79) DTD 01/31/2023 3.500% 01/31/2028

1.75 3.82
US TREASURY N/B 9128283W8 1,800,000.00 SGAS 98.08 1,765,476.00 23,272.87 (2,182.88) DTD 02/15/2018 2.750% 02/15/2028

1.80 3.82
US TREASURY N/B 91282CGT2 750,000.00 JPMorgan 99.64 747,275.25 (7,060.69) (4,489.10) DTD 03/31/2023 3.625% 03/31/2028

1.91 3.82
US TREASURY N/B 91282CHA2 385,000.00 CABRERA 99.37 382,563.72 (541.36) (1,646.73) DTD 05/01/2023 3.500% 04/30/2028

1.96 3.82
US TREASURY N/B 9128284N7 725,000.00 BOFAML 98.10 711,208.33 12,659.50 (2,515.73) DTD 05/15/2018 2.875% 05/15/2028

2.01 3.82
US TREASURY N/B 91282CCE9 175,000.00 WellsFar 94.70 165,730.43 81.99 (633.04) DTD 06/01/2021 1.250% 05/31/2028

2.09 3.82
US TREASURY N/B 91282CCE9 200,000.00 Deutsche 94.70 189,406.20 (203.18) (1,094.41) DTD 06/01/2021 1.250% 05/31/2028

2.09 3.82
US TREASURY N/B 91282CHE4 750,000.00 JPMorgan 99.61 747,041.25 (439.22) (1,866.72) DTD 05/31/2023 3.625% 05/31/2028

2.04 3.81
US TREASURY N/B 91282CCR0 75,000.00 WellsFar 93.77 70,330.05 2,906.22 105.20 DTD 08/02/2021 1.000% 07/31/2028

2.26 3.81
US TREASURY N/B 91282CHX2 250,000.00 Barclays 101.25 253,125.00 3,691.41 3,400.86 DTD 08/31/2023 4.375% 08/31/2028

2.27 3.83
US TREASURY N/B 91282CHX2 1,300,000.00 Barclays 101.25 1,316,250.00 7,972.66 10,866.14 DTD 08/31/2023 4.375% 08/31/2028

2.27 3.83
US TREASURY N/B 91282CPC9 395,000.00 WellsFar 99.22 391,929.67 (2,669.16) (2,713.76) DTD 10/15/2025 3.500% 10/15/2028

2.37 3.82
US TREASURY N/B 91282CPK1 530,000.00 MorganSt 99.19 525,714.42 (2,153.16) (2,290.84) DTD 11/17/2025 3.500% 11/15/2028

2.45 3.83
US TREASURY N/B 91282CQA2 1,200,000.00 MorganSt 99.13 1,189,593.60 (12,422.03) (12,374.36) DTD 02/17/2026 3.500% 02/15/2029

2.70 3.82
US TREASURY N/B 91282CQE4 805,000.00 WellsFar 99.12 797,893.46 (1,352.05) (1,433.89) DTD 03/16/2026 3.500% 03/15/2029

2.77 3.82
US TREASURY N/B 91282CKG5 800,000.00 BNP Sec 100.83 806,656.00 3,999.75 4,001.27 DTD 04/01/2024 4.125% 03/31/2029

2.80 3.83
PFM Asset Management, a division of Account 97480000 Page 17 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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 91282CKT7 360,000.00 JPMorgan 101.94 366,975.00 1,181.25 2,764.15 DTD 05/31/2024 4.500% 05/31/2029

2.89 3.84
US TREASURY N/B 91282CKX8 170,000.00 BMO 101.21 172,058.53 (112.95) 246.10 DTD 07/01/2024 4.250% 06/30/2029

2.98 3.85
US TREASURY N/B 91282CFJ5 1,500,000.00 Nomura 97.64 1,464,667.50 13,007.34 4,228.70 DTD 08/31/2022 3.125% 08/31/2029

3.20 3.87
US TREASURY N/B 91282CFL0 235,000.00 Citigrou 100.01 235,018.33 (3,469.95) (2,489.80) DTD 09/30/2022 3.875% 09/30/2029

3.24 3.87
US TREASURY N/B 91282CLR0 370,000.00 Deutsche 100.82 373,035.11 (1,763.33) (1,535.16) DTD 10/31/2024 4.125% 10/31/2029

3.25 3.88
US TREASURY N/B 91282CLR0 500,000.00 JPMorgan 100.82 504,101.50 4,101.50 4,101.50 DTD 10/31/2024 4.125% 10/31/2029

3.25 3.88
US TREASURY N/B 91282CMA6 125,000.00 HSBC 100.83 126,035.13 (19.56) 137.05 DTD 12/02/2024 4.125% 11/30/2029

3.33 3.88
US TREASURY N/B 91282CFY2 850,000.00 MorganSt 99.98 849,801.10 16,668.29 12,958.05 DTD 11/30/2022 3.875% 11/30/2029

3.35 3.88
US TREASURY N/B 91282CGB1 600,000.00 Barclays 99.93 599,601.60 12,539.10 9,588.80 DTD 01/03/2023 3.875% 12/31/2029

3.43 3.89
US TREASURY N/B 912828Z94 215,000.00 RBS 91.51 196,741.77 4,409.15 118.87 DTD 02/18/2020 1.500% 02/15/2030

3.70 3.88
US TREASURY N/B 91282CGS4 205,000.00 MorganSt 98.96 202,877.84 (1,865.91) (1,877.99) DTD 03/31/2023 3.625% 03/31/2030

3.69 3.91
US TREASURY N/B 91282CGS4 210,000.00 BNP Sec 98.96 207,826.08 (1,616.11) (1,642.33) DTD 03/31/2023 3.625% 03/31/2030

3.69 3.91
US TREASURY N/B 91282CGS4 400,000.00 WellsFar 98.96 395,859.20 (2,984.55) (3,038.49) DTD 03/31/2023 3.625% 03/31/2030

3.69 3.91
US TREASURY N/B 91282CGS4 465,000.00 BNP Sec 98.96 460,186.32 5,122.06 3,463.94 DTD 03/31/2023 3.625% 03/31/2030

3.69 3.91
US TREASURY N/B 91282CNG2 180,000.00 TD Secur 100.34 180,611.64 (1,750.86) (1,646.75) DTD 06/02/2025 4.000% 05/31/2030

3.76 3.91
US TREASURY N/B 91282CHJ3 900,000.00 BMO 99.35 894,164.40 3,621.43 2,461.33 DTD 06/30/2023 3.750% 06/30/2030

3.86 3.92
US TREASURY N/B 91282CNN7 930,000.00 BMO 99.83 928,437.60 (6,975.29) (6,397.75) DTD 07/31/2025 3.875% 07/31/2030

3.93 3.92
PFM Asset Management, a division of Account 97480000 Page 18 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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 102.84 884,422.28 (10,044.91) (7,456.97) DTD 10/02/2023 4.625% 09/30/2030

4.05 3.93
US TREASURY N/B 91282CPD7 640,000.00 RBC Capi 98.71 631,724.80 (8,550.20) (8,535.06) DTD 10/31/2025 3.625% 10/31/2030

4.12 3.94
US TREASURY N/B 91282CJX0 475,000.00 WellsFar 100.20 475,964.73 (3,933.71) (3,808.87) DTD 01/31/2024 4.000% 01/31/2031

4.34 3.95
US TREASURY N/B 91282CKC4 600,000.00 BOFAML 101.30 607,781.40 (5,601.41) (5,461.65) DTD 02/29/2024 4.250% 02/28/2031

4.40 3.96
Security Type Sub-Total 29,360,000.00 29,049,684.81 269,306.26 (26,036.40) 2.51 3.85 Supra-National Agency Bond / Note
INTL FINANCE CORP 45950KDF4 235,000.00 WellsFar 100.40 235,930.84 1,696.94 1,134.98 DTD 12/06/2023 4.375% 01/15/2027

0.77 3.86
Security Type Sub-Total 235,000.00 235,930.84 1,696.94 1,134.98 0.77 3.86 Municipal Bond / Note
LOS ANGELES UN SD-B 544647FC9 150,000.00 Barclays 99.40 149,097.60 (902.40) (902.40) DTD 11/10/2021 1.455% 07/01/2026

0.25 3.87
CA ST UNIV TRUSTEES - 13077DTC6 110,000.00 Barclays 100.47 110,520.74 520.74 520.74 DTD 08/09/2023 4.755% 11/01/2026

0.56 3.92
LOS ANGELES UNIF SD-B 544647KY5 120,000.00 RaymondJ 100.87 121,041.12 1,041.12 1,041.12 DTD 05/13/2025 4.423% 07/01/2028

2.10 4.01
Security Type Sub-Total 380,000.00 380,659.46 659.46 659.46 0.93 3.93 Federal Agency Commercial Mortgage-Backed Security
FHMS K070 A2 3137FCJK1 255,000.00 PNCBank 98.79 251,910.17 9,630.29 3,399.66 DTD 12/01/2017 3.303% 11/01/2027

1.47 4.01
FNA 2018-M2 A2 3136B0YM2 458,482.24 Citigrou 97.98 449,207.14 3,727.17 (636.39) DTD 02/01/2018 2.928% 01/01/2028

1.56 4.18
FHMS K074 A2 3137F4D41 496,634.05 Barclays 99.07 492,008.40 12,155.15 4,455.86 DTD 03/01/2018 3.600% 01/01/2028

1.68 4.04
PFM Asset Management, a division of Account 97480000 Page 19 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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 KJ48 A1 3137HBC69 274,863.91 JPMorgan 101.00 277,610.35 2,748.65 2,747.01 DTD 12/01/2023 4.858% 05/01/2028

1.72 4.14
FHMS KJ46 A1 3137HAD45 369,876.69 JPMorgan 100.58 372,009.77 2,142.33 2,137.29 DTD 07/01/2023 4.777% 06/01/2028

1.18 4.07
FHMS K505 A2 3137HACX2 465,000.00 JPMorgan 101.12 470,192.65 548.23 3,088.92 DTD 07/01/2023 4.819% 06/01/2028

1.98 4.14
FNA 2023-M6 A2 3136BQDE6 430,758.29 JPMorgan 99.91 430,362.42 6,906.83 2,999.03 DTD 07/01/2023 4.184% 07/01/2028

2.12 4.13
FHMS K508 A2 3137HAQ74 455,000.00 BMO 101.07 459,890.80 14,871.68 10,164.14 DTD 10/01/2023 4.740% 08/01/2028

2.16 4.14
FHMS K506 A2 3137HAMH6 470,000.00 WellsFar 101.01 474,735.25 11,687.96 8,334.31 DTD 09/01/2023 4.650% 08/01/2028

2.13 4.08
FHMS K509 A2 3137HAST4 340,000.00 MorganSt 101.49 345,081.98 15,922.20 11,053.23 DTD 10/01/2023 4.850% 09/01/2028

2.24 4.09
FHMS K507 A2 3137HAMS2 455,000.00 BOFAML 101.28 460,835.38 11,273.99 8,765.26 DTD 09/01/2023 4.800% 09/01/2028

2.20 4.12
FHMS K510 A2 3137HB3D4 175,000.00 JPMorgan 102.02 178,530.80 4,036.72 3,810.94 DTD 11/01/2023 5.069% 10/01/2028

2.28 4.09
FHMS K511 A2 3137HB3G7 265,000.00 BOFAML 101.56 269,127.64 4,888.98 4,551.72 DTD 12/01/2023 4.860% 10/01/2028

2.31 4.10
FHMS K514 A2 3137HBLV4 500,000.00 BMO 100.87 504,339.00 12,151.50 9,250.20 DTD 02/01/2024 4.572% 12/01/2028

2.40 4.13
FHMS K749 A2 3137H74P5 550,000.00 Barclays 94.76 521,201.45 12,902.62 3,410.97 DTD 05/01/2022 2.120% 03/01/2029

2.61 4.13
FHMS K524 A2 3137HDV56 395,000.00 PIER 101.60 401,335.41 3,909.72 4,665.09 DTD 07/01/2024 4.720% 05/01/2029

2.84 4.09
FHMS K526 A2 3137HDXL9 440,000.00 BMO 101.01 444,426.84 311.08 1,565.10 DTD 08/01/2024 4.543% 07/01/2029

3.00 4.15
FHMS K528 A2 3137HFNZ4 500,000.00 MorganSt 100.90 504,517.50 3,775.31 3,973.41 DTD 09/01/2024 4.508% 07/01/2029

3.01 4.15
FHMS K529 A2 3137HH6C0 295,000.00 MorganSt 101.77 300,226.81 (669.36) 935.08 DTD 10/01/2024 4.791% 09/01/2029

3.11 4.17
FHMS K124 A1 3137F9CR0 529,876.82 IFP 93.32 494,487.40 (78.10) (2,001.57) DTD 02/01/2021 0.964% 08/01/2030

2.20 4.02
PFM Asset Management, a division of Account 97480000 Page 20 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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 99.49 333,291.17 (4,665.20) (4,491.71) DTD 12/01/2025 4.165% 11/01/2030

4.12 4.26
Security Type Sub-Total 8,455,491.99 8,435,328.33 128,177.75 82,177.55 2.30 4.12 Corporate Note
AMERICAN HONDA FINANCE 02665WFK2 110,000.00 Barclays 100.46 110,502.26 644.16 564.91 DTD 07/10/2024 4.900% 07/09/2027

1.21 4.52
AMERICAN HONDA FINANCE 02665WFK2 240,000.00 Deutsche 100.46 241,095.84 (2,213.76) (417.41) DTD 07/10/2024 4.900% 07/09/2027

1.21 4.52
UBS AG STAMFORD CT (CALLABLE) 90261AAD4 250,000.00 UBSS 01/10/27 100.40 250,988.25 988.25 988.25 DTD 01/10/2025 4.864% 01/10/2028

0.76 4.35
JPMORGAN CHASE & CO (CALLABLE) 46647PEA0 200,000.00 JPMorgan 01/23/27 100.51 201,014.40 1,014.40 1,014.40 DTD 01/23/2024 5.040% 01/23/2028

0.79 4.64
KENVUE INC (CALLABLE) 49177JAF9 275,000.00 JPMorgan 02/22/28 101.53 279,196.78 (2,295.97) (520.27) DTD 10/17/2023 5.050% 03/22/2028

1.81 4.24
JPMORGAN CHASE & CO (CALLABLE) 46647PEE2 215,000.00 JPMorgan 04/22/27 101.22 217,624.94 2,624.94 2,624.94 DTD 04/22/2024 5.571% 04/22/2028

1.00 4.47
BANK OF AMERICA CORP (CALLABLE) 06051GGL7 125,000.00 Deutsche 04/24/27 99.24 124,048.00 1,681.75 885.41 DTD 04/24/2017 3.705% 04/24/2028

1.01 4.94
HSBC USA INC 40428HR95 400,000.00 UBSS 100.62 402,491.20 2,459.20 2,467.51 DTD 06/03/2025 4.650% 06/03/2028

2.02 4.34
PNC FINANCIAL SERVICES (CALLABLE) 693475CG8 210,000.00 PNCBank 01/26/28 99.47 208,891.83 (1,108.17) (1,108.17) DTD 01/26/2026 4.075% 01/26/2029

1.75 4.34
PACCAR FINANCIAL CORP 69371RU38 125,000.00 JPMorgan 99.24 124,051.25 (896.25) (899.09) DTD 02/05/2026 3.900% 02/05/2029

2.65 4.18
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HFN7 105,000.00 JANE 01/07/29 101.25 106,317.65 137.45 137.44 DTD 02/05/2024 4.850% 02/07/2029

2.59 4.37
ALPHABET INC (CALLABLE) 02079KBJ5 75,000.00 JPMorgan 01/15/29 99.14 74,355.45 (372.30) (383.84) DTD 02/13/2026 3.700% 02/15/2029

2.66 4.02
LOCKHEED MARTIN CORP (CALLABLE) 539830CC1 250,000.00 JPMorgan 01/15/29 100.82 252,037.50 5,147.50 3,933.12 DTD 01/29/2024 4.500% 02/15/2029

2.62 4.19
ASTRAZENECA FINANCE LLC (CALLABLE) 04636NAL7 145,000.00 Citigrou 01/26/29 101.73 147,501.98 2,654.23 2,594.71 DTD 02/26/2024 4.850% 02/26/2029

2.64 4.21
PFM Asset Management, a division of Account 97480000 Page 21 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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
CISCO SYSTEMS INC (CALLABLE) 17275RBR2 250,000.00 GoldmanS 01/26/29 101.83 254,578.25 (2,449.25) (2,172.14) DTD 02/26/2024 4.850% 02/26/2029

2.64 4.17
ABBOTT LABORATORIES (CALLABLE) 002824BR0 430,000.00 MorganSt 02/09/29 98.81 424,885.58 (4,568.32) (4,579.54) DTD 03/09/2026 3.700% 03/09/2029

2.72 4.13
TOYOTA MOTOR CREDIT CORP 89236TPQ2 390,000.00 MUFG 99.40 387,659.61 (2,199.99) (2,202.94) DTD 03/13/2026 4.050% 03/13/2029

2.74 4.27
KLA CORP (CALLABLE) 482480AG5 395,000.00 JPMorgan 12/15/28 99.58 393,356.80 (1,907.85) (1,879.57) DTD 03/20/2019 4.100% 03/15/2029

2.65 4.25
SALESFORCE INC (CALLABLE) 79466LAR5 805,000.00 Citigrou 02/15/29 100.21 806,667.16 1,844.26 1,840.84 DTD 03/13/2026 4.650% 03/15/2029

2.69 4.57
UBS AG STAMFORD CT (CALLABLE) 90261AAG7 250,000.00 UBSS 03/16/28 99.87 249,676.75 (323.25) (323.25) DTD 03/16/2026 4.302% 03/16/2029

1.87 4.40
AMERICAN EXPRESS CO (CALLABLE) 025816ED7 215,000.00 MorganSt 04/25/28 100.63 216,359.01 1,359.01 1,359.01 DTD 04/25/2025 4.731% 04/25/2029

1.91 4.57
NORTHERN TRUST CORP (CALLABLE) 665859AU8 410,000.00 HSBC 02/03/29 96.82 396,944.37 (2,301.33) (3,127.78) DTD 05/03/2019 3.150% 05/03/2029

2.81 4.26
BANK OF AMERICA CORP (CALLABLE) 06051GMT3 250,000.00 BOFAML 05/09/28 100.43 251,087.00 1,087.00 1,087.00 DTD 05/09/2025 4.623% 05/09/2029

1.95 4.51
HOME DEPOT INC (CALLABLE) 437076DC3 120,000.00 MorganSt 05/25/29 101.54 121,844.28 2,618.28 2,365.68 DTD 06/25/2024 4.750% 06/25/2029

2.90 4.23
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 HSBC 05/25/29 101.54 126,921.13 2,319.88 2,189.36 DTD 06/25/2024 4.750% 06/25/2029

2.90 4.23
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 MAXE 05/25/29 101.54 126,921.13 2,289.88 2,169.03 DTD 06/25/2024 4.750% 06/25/2029

2.90 4.23
AMERICAN EXPRESS CO (CALLABLE) 025816EJ4 265,000.00 TD Secur 07/20/28 99.93 264,810.79 (1,572.51) (1,487.40) DTD 07/25/2025 4.351% 07/20/2029

2.16 4.41
ELI LILLY & CO (CALLABLE) 532457CQ9 80,000.00 MorganSt 07/14/29 100.09 80,075.76 250.96 197.59 DTD 08/14/2024 4.200% 08/14/2029

3.07 4.17
BANK OF NY MELLON CORP (CALLABLE) 06406RBT3 655,000.00 Barclays 10/25/28 104.70 685,774.52 (5,977.53) (5,028.43) DTD 10/25/2023 6.317% 10/25/2029

2.30 4.59
MORGAN STANLEY (CALLABLE) 6174468G7 290,000.00 JPMorgan 01/23/29 99.55 288,694.42 (2,642.48) (2,587.10) DTD 01/23/2019 4.431% 01/23/2030

2.60 4.85
ADOBE INC (CALLABLE) 00724PAD1 80,000.00 INGM 11/01/29 92.45 73,956.24 (895.76) (1,017.54) DTD 02/03/2020 2.300% 02/01/2030

3.57 4.47
PFM Asset Management, a division of Account 97480000 Page 22 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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
ADOBE INC (CALLABLE) 00724PAD1 225,000.00 GoldmanS 11/01/29 92.45 208,001.93 (2,035.57) (2,531.75) DTD 02/03/2020 2.300% 02/01/2030

3.57 4.47
ADOBE INC (CALLABLE) 00724PAD1 400,000.00 TD Secur 11/01/29 92.45 369,781.20 (3,606.80) (4,556.28) DTD 02/03/2020 2.300% 02/01/2030

3.57 4.47
MORGAN STANLEY PVT BANK (CALLABLE) 61776NU43 250,000.00 CIDLY 02/08/29 98.99 247,468.50 (2,474.00) (2,476.93) DTD 02/02/2026 4.213% 02/08/2030

2.66 4.55
MORGAN STANLEY PVT BANK (CALLABLE) 61776NU43 285,000.00 MorganSt 02/08/29 98.99 282,114.09 (2,885.91) (2,885.91) DTD 02/02/2026 4.213% 02/08/2030

2.66 4.55
ELI LILLY & CO (CALLABLE) 532457CV8 220,000.00 GoldmanS 01/12/30 101.81 223,986.84 4,112.24 4,085.90 DTD 02/12/2025 4.750% 02/12/2030

3.45 4.24
HERSHEY COMPANY (CALLABLE) 427866BL1 200,000.00 JPMorgan 01/24/30 101.58 203,160.00 3,512.00 3,441.29 DTD 02/24/2025 4.750% 02/24/2030

3.48 4.30
BLACKROCK INC (CALLABLE) 09247XAQ4 150,000.00 MorganSt 01/30/30 92.86 139,284.90 1,620.90 (137.35) DTD 01/27/2020 2.400% 04/30/2030

3.76 4.33
BLACKROCK INC (CALLABLE) 09247XAQ4 285,000.00 SUSQ 01/30/30 92.86 264,641.31 3,034.11 (331.83) DTD 01/27/2020 2.400% 04/30/2030

3.76 4.33
CITIBANK NA (CALLABLE) 17325FBP2 250,000.00 Citigrou 04/29/30 101.56 253,897.50 3,897.50 3,897.50 DTD 05/29/2025 4.914% 05/29/2030

3.64 4.50
JOHN DEERE CAPITAL CORP 24422EYE3 175,000.00 Citigrou 100.68 176,181.25 1,274.00 1,259.63 DTD 06/05/2025 4.550% 06/05/2030

3.72 4.37
ANALOG DEVICES INC (CALLABLE) 032654BE4 385,000.00 BOFAML 05/15/30 100.32 386,214.29 1,553.09 1,503.21 DTD 06/16/2025 4.500% 06/15/2030

3.72 4.42
INTUIT INC (CALLABLE) 46124HAD8 175,000.00 BOFAML 04/15/30 89.09 155,909.78 (1,210.47) (1,645.06) DTD 06/29/2020 1.650% 07/15/2030

4.04 4.47
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 470,000.00 JPMorgan 10/05/30 98.89 464,764.67 (3,825.33) (3,931.09) DTD 11/05/2025 4.100% 11/05/2030

4.06 4.37
SHELL FINANCE US INC (CALLABLE) 822905AN5 175,000.00 MorganSt 10/06/30 99.02 173,282.90 (1,045.10) (1,094.82) DTD 11/06/2025 4.125% 11/06/2030

4.06 4.36
SHELL FINANCE US INC (CALLABLE) 822905AN5 355,000.00 MorganSt 10/06/30 99.02 351,516.74 (2,436.01) (2,512.88) DTD 11/06/2025 4.125% 11/06/2030

4.06 4.36
META PLATFORMS INC (CALLABLE) 30303MAB8 265,000.00 RBC Capi 10/15/30 99.03 262,428.71 (3,469.64) (3,408.07) DTD 11/03/2025 4.200% 11/15/2030

4.07 4.43
NATIONAL RURAL UTIL COOP (CALLABLE) 63743HGC0 195,000.00 BMO 11/10/30 98.85 192,752.43 (2,064.27) (2,074.56) DTD 12/10/2025 4.300% 12/10/2030

4.13 4.57
PFM Asset Management, a division of Account 97480000 Page 23 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 245,000.00 Citigrou 12/13/30 99.08 242,739.63 (2,260.37) (2,260.37) DTD 01/13/2026 4.248% 01/13/2031

4.23 4.46
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 335,000.00 GoldmanS 12/13/30 99.08 331,909.29 (4,129.21) (4,087.62) DTD 01/13/2026 4.248% 01/13/2031

4.23 4.46
ALPHABET INC (CALLABLE) 02079KBK2 265,000.00 JPMorgan 01/15/31 99.31 263,158.52 (1,589.73) (1,595.82) DTD 02/13/2026 4.100% 02/15/2031

4.33 4.26
ALPHABET INC (CALLABLE) 02079KBK2 540,000.00 Jefferie 01/15/31 99.31 536,247.54 (3,498.66) (3,504.45) DTD 02/13/2026 4.100% 02/15/2031

4.33 4.26
AMAZON.COM INC (CALLABLE) 023135DD5 235,000.00 GoldmanS 02/13/31 99.26 233,268.05 (1,374.75) (1,378.98) DTD 03/13/2026 4.250% 03/13/2031

4.39 4.42
AMAZON.COM INC (CALLABLE) 023135DD5 300,000.00 JPMorgan 02/13/31 99.26 297,789.00 (1,731.00) (1,736.57) DTD 03/13/2026 4.250% 03/13/2031

4.39 4.42
NOVARTIS CAPITAL CORP (CALLABLE) 66989HBG2 250,000.00 JPMorgan 02/18/31 99.98 249,946.25 46.25 45.58 DTD 03/18/2026 4.400% 03/18/2031

4.39 4.40
Security Type Sub-Total 14,490,000.00 14,400,775.45 (23,190.30) (29,232.50) 2.99 4.40 Certificate of Deposit
CREDIT AGRICOLE CIB NY 22536DWD6 365,000.00 CRAG 100.42 366,519.86 1,519.86 1,519.86 DTD 02/05/2024 4.760% 02/01/2027

0.82 4.18
Security Type Sub-Total 365,000.00 366,519.86 1,519.86 1,519.86 0.82 4.18 Bank Note
TRUIST BANK (CALLABLE) 89788JAH2 265,000.00 RBC Capi 10/23/28 99.05 262,477.47 (1,608.28) (1,692.40) DTD 10/23/2025 4.136% 10/23/2029

2.37 4.54
TRUIST BANK (CALLABLE) 89788JAH2 265,000.00 WellsFar 10/23/28 99.05 262,477.47 (1,608.28) (1,650.84) DTD 10/23/2025 4.136% 10/23/2029

2.37 4.54
Security Type Sub-Total 530,000.00 524,954.94 (3,216.56) (3,343.24) 2.37 4.54 Asset-Backed Security
COPAR 2022-2 A3 14043GAD6 4,560.64 JPMorgan 99.98 4,559.64 (0.68) (0.92) DTD 08/10/2022 3.660% 05/17/2027

0.04 4.26
PFM Asset Management, a division of Account 97480000 Page 24 U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026 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
Security Type Sub-Total 4,560.64 4,559.64 (0.68) (0.92) 0.04 4.26 Managed Account Sub-Total 53,820,052.63 53,398,413.33 374,952.73 26,878.79 2.57 4.05 Total Investments $53,762,593.83
$364,180.50
$53,398,413.33
Accrued Interest
Securities Sub-Total $53,820,052.63 $374,952.73 $26,878.79 2.57 4.05% PFM Asset Management, a division of Account 97480000 Page 25 U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026 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
03/09/26 ABBOTT LABORATORIES (CALLABLE)
DTD 03/09/2026 3.700% 03/09/2029
02/23/26 002824BR0 430,000.00 (429,453.90) 0.00 (429,453.90) 03/05/26 US TREASURY N/B
DTD 02/17/2026 3.500% 02/15/2029
03/02/26 91282CQA2 1,200,000.00 (1,202,015.63) (2,088.40) (1,204,104.03) 03/05/26 BANK OF NY MELLON CORP
(CALLABLE)
DTD 10/25/2023 6.317% 10/25/2029
03/02/26 06406RBT3 655,000.00 (691,752.05) (14,941.46) (706,693.51) 03/11/26 US TREASURY N/B
DTD 02/29/2024 4.250% 02/28/2031
03/05/26 91282CKC4 600,000.00 (613,382.81) (762.23) (614,145.04) 03/13/26 AMAZON.COM INC (CALLABLE)
DTD 03/13/2026 4.250% 03/13/2031
03/10/26 023135DD5 300,000.00 (299,520.00) 0.00 (299,520.00) 03/13/26 TOYOTA MOTOR CREDIT CORP
DTD 03/13/2026 4.050% 03/13/2029
03/10/26 89236TPQ2 390,000.00 (389,859.60) 0.00 (389,859.60) 03/13/26 SALESFORCE INC (CALLABLE)
DTD 03/13/2026 4.650% 03/15/2029
03/11/26 79466LAR5 805,000.00 (804,822.90) 0.00 (804,822.90) 03/13/26 AMAZON.COM INC (CALLABLE)
DTD 03/13/2026 4.250% 03/13/2031
03/11/26 023135DD5 235,000.00 (234,642.80) 0.00 (234,642.80) 03/16/26 UBS AG STAMFORD CT (CALLABLE)
DTD 03/16/2026 4.302% 03/16/2029
03/11/26 90261AAG7 250,000.00 (250,000.00) 0.00 (250,000.00) 03/16/26 US TREASURY N/B
DTD 03/16/2026 3.500% 03/15/2029
03/12/26 91282CQE4 805,000.00 (799,245.51) (76.56) (799,322.07) 03/18/26 NOVARTIS CAPITAL CORP (CALLABLE)
DTD 03/18/2026 4.400% 03/18/2031
03/16/26 66989HBG2 250,000.00 (249,900.00) 0.00 (249,900.00) 03/31/26 US TREASURY N/B
DTD 04/01/2024 4.125% 03/31/2029
03/26/26 91282CKG5 800,000.00 (802,656.25) 0.00 (802,656.25) 03/31/26 NATIONAL RURAL UTIL COOP
(CALLABLE)
DTD 02/05/2024 4.850% 02/07/2029
03/30/26 63743HFN7 105,000.00 (106,180.20) (763.88) (106,944.08) Transaction Type Sub-Total 6,825,000.00 (6,873,431.65) (18,632.53) (6,892,064.18)

INTEREST
03/25/26 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
03/01/26 3137HAMS2 0.00 1,820.00 1,820.00
PFM Asset Management, a division of Account 97480000 Page 26 U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026 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

INTEREST
03/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.184% 07/01/2028
03/01/26 3136BQDE6 0.00 1,502.13 1,502.13
03/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
03/01/26 3137HAD45 0.00 1,475.21 1,475.21
03/25/26 FHMS K528 A2
DTD 09/01/2024 4.508% 07/01/2029
03/01/26 3137HFNZ4 0.00 1,878.33 1,878.33
03/25/26 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
03/01/26 3137HDV56 0.00 1,553.67 1,553.67
03/25/26 FHMS K551 A2
DTD 12/01/2025 4.165% 11/01/2030
03/01/26 3137HNWV6 0.00 1,162.73 1,162.73
03/25/26 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
03/01/26 3137HB3G7 0.00 1,073.25 1,073.25
03/25/26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
03/01/26 3137HAMH6 0.00 1,821.25 1,821.25
03/25/26 FHMS K070 A2
DTD 12/01/2017 3.303% 11/01/2027
03/01/26 3137FCJK1 0.00 701.89 701.89
03/25/26 FNA 2018-M2 A2
DTD 02/01/2018 2.928% 01/01/2028
03/01/26 3136B0YM2 0.00 1,120.58 1,120.58
03/25/26 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
03/01/26 3137HAST4 0.00 1,374.17 1,374.17
03/25/26 FHMS K529 A2
DTD 10/01/2024 4.791% 09/01/2029
03/01/26 3137HH6C0 0.00 1,177.79 1,177.79
03/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
03/01/26 3137HACX2 0.00 1,867.36 1,867.36
03/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
03/01/26 3137HBC69 0.00 2,965.64 2,965.64
03/25/26 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
03/01/26 3137HAQ74 0.00 1,797.25 1,797.25
03/25/26 FHMS K124 A1
DTD 02/01/2021 0.964% 08/01/2030
03/01/26 3137F9CR0 0.00 434.01 434.01
03/25/26 FHMS K074 A2
DTD 03/01/2018 3.600% 01/01/2028
03/01/26 3137F4D41 0.00 1,493.15 1,493.15
03/25/26 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
03/01/26 3137HDXL9 0.00 1,665.77 1,665.77
PFM Asset Management, a division of Account 97480000 Page 27 U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026 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

INTEREST
03/25/26 FHMS K749 A2
DTD 05/01/2022 2.120% 03/01/2029
03/01/26 3137H74P5 0.00 971.67 971.67
03/25/26 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
03/01/26 3137F1G44 0.00 1,351.25 1,351.25
03/25/26 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
03/01/26 3137HBLV4 0.00 1,905.00 1,905.00
03/25/26 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
03/01/26 3137HB3D4 0.00 739.23 739.23
03/02/26 MONEY MARKET FUND
DTD 01/01/2010 0.000% --
03/02/26 MONEY0002 0.00 1,221.91 1,221.91
03/03/26 CHARLES SCHWAB CORP (CALLABLE)
DTD 03/03/2022 2.450% 03/03/2027
03/03/26 808513BY0 0.00 3,062.50 3,062.50
03/15/26 KLA CORP (CALLABLE)
DTD 03/20/2019 4.100% 03/15/2029
03/15/26 482480AG5 0.00 8,097.50 8,097.50
03/15/26 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
03/15/26 14043GAD6 0.00 29.35 29.35
03/15/26 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
03/15/26 14318MAD1 0.00 12.35 12.35
03/22/26 KENVUE INC (CALLABLE)
DTD 10/17/2023 5.050% 03/22/2028
03/22/26 49177JAF9 0.00 6,943.75 6,943.75
03/31/26 US TREASURY N/B
DTD 10/02/2023 4.625% 09/30/2030
03/31/26 91282CHZ7 0.00 19,887.50 19,887.50
03/31/26 US TREASURY N/B
DTD 03/31/2022 2.500% 03/31/2027
03/31/26 91282CEF4 0.00 3,125.00 3,125.00
03/31/26 US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2028
03/31/26 91282CGT2 0.00 13,593.75 13,593.75
03/31/26 US TREASURY N/B
DTD 09/30/2022 3.875% 09/30/2029
03/31/26 91282CFL0 0.00 4,553.13 4,553.13
03/31/26 US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2030
03/31/26 91282CGS4 0.00 23,200.00 23,200.00
03/31/26 US TREASURY N/B
DTD 09/30/2020 0.375% 09/30/2027
03/31/26 91282CAL5 0.00 1,125.00 1,125.00
03/31/26 US TREASURY N/B
DTD 09/30/2025 3.500% 09/30/2027
03/31/26 91282CPB1 0.00 4,987.50 4,987.50
PFM Asset Management, a division of Account 97480000 Page 28 U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026 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
Transaction Type Sub-Total 0.00 121,690.57 121,690.57

PAYDOWNS
03/25/26 FNA 2018-M2 A2
DTD 02/01/2018 2.928% 01/01/2028
03/01/26 3136B0YM2 701.76 701.76 0.00 701.76 19.90 13.80 03/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
03/01/26 3137HBC69 82,381.96 82,381.96 0.00 82,381.96 0.66 0.18 03/25/26 FHMS K074 A2
DTD 03/01/2018 3.600% 01/01/2028
03/01/26 3137F4D41 1,083.69 1,083.69 0.00 1,083.69 36.62 20.68 03/25/26 FHMS K124 A1
DTD 02/01/2021 0.964% 08/01/2030
03/01/26 3137F9CR0 10,384.68 10,384.68 0.00 10,384.68 692.04 666.02 03/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.184% 07/01/2028
03/01/26 3136BQDE6 49.18 49.18 0.00 49.18 0.83 0.40
03/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
03/01/26 3137HAD45 702.57 702.57 0.00 702.57 0.02 0.01
03/15/26 COPAR 2022-2 A3
DTD 08/10/2022 3.660% 05/17/2027
03/15/26 14043GAD6 5,061.25 5,061.25 0.00 5,061.25 0.36 0.09 03/15/26 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
03/15/26 14318MAD1 3,732.30 3,732.30 0.00 3,732.30 0.09 0.02 Transaction Type Sub-Total 104,097.39 104,097.39 0.00 104,097.39 750.52 701.20 SELL
03/05/26 MERCK & CO INC (CALLABLE)
DTD 03/07/2019 3.400% 03/07/2029
03/02/26 58933YAX3 305,000.00 301,242.40 5,127.39 306,369.79 1,552.45 1,126.57 FIFO 03/05/26 US TREASURY N/B
DTD 11/30/2021 1.250% 11/30/2026
03/02/26 91282CDK4 100,000.00 98,300.78 326.24 98,627.02 1,406.24 (1,219.82) FIFO 03/05/26 US TREASURY N/B
DTD 01/16/2024 4.000% 01/15/2027
03/02/26 91282CJT9 120,000.00 120,464.06 649.72 121,113.78 1,035.93 728.89 FIFO 03/05/26 CHARLES SCHWAB CORP (CALLABLE)
DTD 03/03/2022 2.450% 03/03/2027
03/02/26 808513BY0 250,000.00 246,582.50 34.03 246,616.53 22,987.50 2,642.11 FIFO 03/05/26 US TREASURY N/B
DTD 01/31/2020 1.500% 01/31/2027
03/02/26 912828Z78 320,000.00 314,150.00 437.57 314,587.57 20,837.50 1,834.52 FIFO 03/05/26 US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
03/02/26 912828V98 400,000.00 395,125.00 447.51 395,572.51 5,593.75 (2,719.12) FIFO PFM Asset Management, a division of Account 97480000 Page 29 U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026 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
SELL
03/06/26 US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
03/05/26 912828V98 200,000.00 197,445.31 236.19 197,681.50 2,679.68 (1,479.86) FIFO 03/06/26 FEDERAL HOME LOAN BANK
(CALLABLE)
DTD 02/10/2021 0.830% 02/10/2027
03/05/26 3130AKYH3 390,000.00 379,758.60 233.78 379,992.38 30,470.70 (1,800.78) FIFO 03/06/26 US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
03/05/26 91282CCZ2 25,000.00 24,611.33 94.35 24,705.68 0.98 (342.59) FIFO 03/10/26 NATIXIS NY BRANCH
DTD 09/20/2023 5.610% 09/18/2026
03/06/26 63873QP65 340,000.00 342,906.03 9,166.12 352,072.15 2,906.03 2,906.03 FIFO 03/11/26 US TREASURY N/B
DTD 12/31/2025 3.625% 12/31/2030
03/10/26 91282CPR6 305,000.00 303,558.40 2,137.95 305,696.35 1,239.07 1,169.49 FIFO 03/12/26 US TREASURY N/B
DTD 12/31/2025 3.625% 12/31/2030
03/11/26 91282CPR6 115,000.00 114,362.11 817.63 115,179.74 372.85 346.10 FIFO 03/12/26 US TREASURY N/B
DTD 08/31/2023 4.125% 08/31/2030
03/11/26 91282CHW4 90,000.00 91,416.80 121.06 91,537.86 (358.59) (214.33) FIFO 03/12/26 US TREASURY N/B
DTD 12/15/2025 3.500% 12/15/2028
03/11/26 91282CPP0 115,000.00 114,514.84 962.02 115,476.86 (8.99) (31.08) FIFO 03/12/26 US TREASURY N/B
DTD 09/30/2021 1.250% 09/30/2028
03/11/26 91282CCY5 900,000.00 847,582.03 5,037.77 852,619.80 39,656.25 10,720.88 FIFO 03/12/26 CINTAS CORPORATION NO. 2
(CALLABLE)
DTD 05/02/2025 4.200% 05/01/2028
03/11/26 17252MAR1 155,000.00 155,554.90 2,368.92 157,923.82 753.30 698.67 FIFO 03/13/26 US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
03/12/26 91282CCZ2 800,000.00 787,781.25 3,153.85 790,935.10 250.00 (10,793.95) FIFO 03/18/26 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
03/17/26 3137F1G44 500,000.00 496,191.41 765.71 496,957.12 17,070.32 2,146.10 FIFO 03/27/26 US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
03/26/26 91282CCZ2 175,000.00 172,450.20 748.80 173,199.00 177.74 (2,259.83) FIFO 03/27/26 US TREASURY N/B
DTD 03/31/2022 2.500% 03/31/2027
03/26/26 91282CEF4 250,000.00 246,689.45 3,056.32 249,745.77 10,166.01 1,125.53 FIFO 03/31/26 NATIONAL RURAL UTIL COOP
(CALLABLE)
DTD 02/09/2026 4.050% 02/09/2029
03/30/26 63743HGE6 110,000.00 109,089.20 643.50 109,732.70 (845.90) (849.14) FIFO Transaction Type Sub-Total 5,965,000.00 5,859,776.60 36,566.43 5,896,343.03 157,942.82 3,734.39 PFM Asset Management, a division of Account 97480000 Page 30 U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026 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
Managed Account Sub-Total (909,557.66) 139,624.47 (769,933.19) 158,693.34 4,435.59 Total Security Transactions ($909,557.66) $139,624.47 ($769,933.19) $158,693.34 $4,435.59 PFM Asset Management, a division of Account 97480000 Page 31 U.S. Bancorp Asset Management, Inc.

COMMUNITY DEVELOPMENT DEPARTMENT
DATE: JUNE 2, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: NATE FARNSWORTH, COMMUNITY DEVELOPMENT DIRECTOR
PREPARED BY: BOBBY AVINA, COMMUNITY PRESERVATION

MANAGER
SUBJECT: INTENT TO DECLARE PUBLIC NUISANCE FOR CERTAIN WEED

ABATEMENT PROPERTIES

RECOMMENDATION
Adopt Resolution No. 2026-5990 declaring the intent to set a public hearing on June 16, 2026, for the 2026 Weed Abatement Program.

SUMMARY
The recommended resolution declares the City’s intent to deem certain non-compliant properties a public nuisance as part of the annual Weed Abatement Program.

DISCUSSION
Each year, the City implements a Weed Abatement Program to reduce hazardous fire conditions throughout the community. Approximately 1,130 properties receive annual notices requiring property owners to remove weeds and vegetation before peak fire season.

Most property owners voluntarily comply after outreach efforts, inspections, and follow-up notices.

Historically, five properties (Attachment 1) fail to comply and require additional enforcement efforts. To ensure that these properties are cleared in advance of fire season, it is recommended that these properties be deemed a public nuisance. In these situations, State law authorizes cities to declare weeds, rubbish, refuse, and dirt on private property a public nuisance, establish a hearing process, and then perform timely abatement activities.

Resolution No. 2026-5990 declares the City's intent to deem these properties a public nuisance and sets a public hearing to receive comments or objections related to potential abatement actions.

The resolution also identifies these conditions as seasonal and recurrent nuisances. If the same conditions recur on a property later in the calendar year, State law allows the City to address future occurrences without conducting another public hearing.

INTENT TO DECLARE PUBLIC NUISANCE FOR CERTAIN WEED ABATEMENT

PROPERTIES
P a g e | 2

FISCAL IMPACT
If the City performs weed abatement, costs are expected to be less than $10,000 in total and will be recovered through special assessment liens placed on affected properties.

ALTERNATIVES
Do not approve the recommendation and take these properties through the Code Enforcement process to see if these property owners will provide the necessary weed abatement and then declare them as public nuisances, if necessary. However, this process would not abate the fire hazard at these properties before wildfire season.

ATTACHMENTS

1. Resolution No. 2026-5990 Notice of Intent to Declare a Public Nuisance

RESOLUTION NO. 2026-5990

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

YORBA LINDA, CALIFORNIA DECLARING THAT WEEDS

GROWING UPON OR IN FRONT OF CERTAIN PROPERTIES

IN THE CITY OF YORBA LINDA CONSTITUTE A PUBLIC

NUISANCE AND DECLARING ITS INTENTION TO PROVIDE

FOR THE ABATEMENT THEREOF BY SETTING A DATE FOR

A PUBLIC HEARING

THE CITY COUNCIL OF THE CITY OF YORBA LINDA DOES FIND, DECLARE AND RESOLVE AS FOLLOWS:

1. That weeds growing upon or in front of, and that rubbish, refuse and dirt upon or in front of certain parcels of land described in Exhibit "A", on file in the office of the City Clerk, and incorporated herein by this reference, constitute a public nuisance.

2. That the weeds on those certain parcels of land described in Exhibit "A" are seasonal and recurrent nuisances within the meaning of Government Code Section 39562.1.

3. That if said nuisance is not abated by the owners of said land, it is the intention of the City Council of the City of Yorba Linda to have said nuisance abated in accordance with the provisions of Title 4, Division 3, Part 2, Chapter 13, Article 2 of the Government Code of the State of California.

4. The Community Preservation Manager of the City of Yorba Linda is hereby designated as the Public Officer to perform the duties imposed by Article 2 such upon the Officer therein.

5. The Community Preservation Manager is directed to mail notices to the owners of said property as provided in Section 39567.1 of such Code.

6. The time and place for such Hearing and consideration of objections of all property owners having any objections to the proposed abatement of said nuisance by destruction and/or removal of such weeds and removal of rubbish, refuse and dirt, is hereby set at 6:30 p.m. on TUESDAY, JUNE 16, 2026, in the City Council Chambers located in City Hall, 4845 Casa Loma Avenue, Yorba Linda, California.

7. That as such, upon the second and any subsequent occurrence of said nuisance on the same parcel or parcels within the same calendar year, no further Hearing need be held.

RESOLUTION NO. 2026-5990
PAGE NO. 2
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Yorba Linda on this 2nd day of June 2026.
__________________________

CARLOS RODRIGUEZ, MAYOR

CITY OF YORBA LINDA
ATTEST:
______________________________

MARCIA BROWN, CITY CLERK

CITY OF YORBA LINDA
APPROVED AS TO FORM:

RUTAN & TUCKER, LLP
__________________________

CITY ATTORNEY

STATE OF CALIFORNIA )
ss.

COUNTY OF ORANGE )
I, MARCIA BROWN, City Clerk of the City of Yorba Linda, California, DO HEREBY CERTIFY that the foregoing Resolution was adopted at a regular meeting of the City Council of the City of Yorba Linda held on the 2nd day of June 2026, and was carried by the following roll call vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:
_________________________________

MARCIA BROWN, CITY CLERK

RESOLUTION NO. 2026-5990
PAGE NO. 3
Exhibit A
Historic Non-compliance Weed Abatement List

1. APN: 348-271-20

2. APN: 343-641-01

3. APN: 348-191-37

4. APN: 323-011-85

5. APN: 323-011-86

FINANCE DEPARTMENT
DATE: JUNE 2, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: DONNA MULLALLY, FINANCE DIRECTOR / CITY TREASURER SUBJECT: FISCAL YEAR 2026-27 INVESTMENT POLICY

RECOMMENDATION

1. Adopt the Investment Policy for FY 2026-27

2. Delegate investment responsibility to the City’s Finance Director/City Treasurer for FY 2026-27

BACKGROUND
Annually, the City reviews its Investment Policy to ensure compliance with legal requirements for the investment of public funds and suitability for the investment climate.

DISCUSSION
The City’s investment management consultant, PFM Asset Management, reviewed the City’s Investment Policy (Policy) as part of the City’s annual review process and recommended the following changes:
- Added language stating the City will comply with newly adopted California Government Code Section 53238.2 (Senate Bill 827) pertaining to financial training for City officials and employees with investment responsibilities. - Extends the allowable maturity for commercial paper from 270 days to 397 days as recently approved by Senate Bill 858.

The Policy is consistent with the applicable California Government Code (the “Code”) sections regulating the investment of public funds. PFM Asset Management will continue to monitor the California Code and notify the City when appropriate of any changes required in the future.

FISCAL YEAR 2026-27 INVESTMENT POLICY
P a g e | 2

FISCAL IMPACT
There is no direct fiscal impact associated with adoption of the Investment Policy.

ATTACHMENTS

1. FY 2026-27 Investment Policy

C I T Y C O U N C I L P O L I C I E S
POLICY: INVESTMENT POLICY
Number: F-10 Issue Number: 19
Page: 1 Date Adopted: June 02, 2026
Replaces: June 17, 2025
I. PURPOSE
To establish guidelines for the prudent investment of public funds in a manner that will protect City funds, meet daily cash flow expenditures, and comply with all federal, state, and local laws and ordinances governing the investment of public funds.

II. BACKGROUND
Effective January 1, 2006, Section 53646(a)(2) of the Government Code was modified to allow local agencies the option of adopting an annual Investment Policy or to adopt an Investment Policy that would remain in effect until changed. In June 2006, the City Council opted to adopt an Investment Policy each year, regardless of whether it changed or not.

III. POLICY
It shall be the policy of the City of Yorba Linda to annually review and adopt an Investment Policy. This Policy applies to all financial assets and funds held by the City of Yorba Linda and the Successor Agency to the Yorba Linda Redevelopment Agency. All Funds reflected in the City’s Annual Comprehensive Financial Report are subject to this policy, including any new funds that are created, unless specifically exempted by the City Council.

Retirement-related funds in a trust and bank deposits (governed under the California Government Code’s “Deposit of Funds” provisions) are excluded from this Policy’s requirements.

IV. PROCEDURES
The City Treasurer shall annually review the City’s Investment Policy, and incorporate any changes in state law, recommendations from the City’s Investment Advisor, recommendations from the various national and state organizations of municipal finance officers, or other changes recommended by City staff. The revised Investment Policy shall be presented to the Finance Committee and the City Council for review and approval. (A) Responsibilities
No person may engage in investment activities except as provided under the terms of this Policy and the procedures established by the City Treasurer.

1. Responsibilities of the City Council
The City Council shall annually consider and adopt a written Investment Policy.

As provided in this Policy, the Council shall receive monthly City Treasurer Reports and the annual Investment Policy.

C I T Y C O U N C I L P O L I C I E S
POLICY: INVESTMENT POLICY
Number: F-10 Issue Number: 19
Page: 2 Date Adopted: June 02, 2026
Replaces: June 17, 2025

2. Responsibilities of the Finance Director / City Treasurer The Finance Director is appointed by and serves at the pleasure of the City Manager and is subject to his or her direction and supervision. The Finance Director is charged with responsibility for the conduct of all Finance Department functions.

The City Treasurer is appointed by the City Council and is charged with responsibility for carrying out all investment actions. The City Council has historically appointed the Finance Director to also serve as City Treasurer, and at least annually delegates its authority to invest and reinvest the City’s funds and to sell or exchange purchased securities to the City Treasurer in accordance with Government Code Section 53607. The City Treasurer may delegate the day-to-day investment activities to his/her designee(s) but not the responsibility for the overall investment program. If authorized by the City Council, the City Treasurer may also utilize the services of an external investment advisor to assist with the investment program.

3. Responsibilities of the City Manager
The City Manager is responsible for keeping the City Council fully advised as to the financial condition of the City.

4. Responsibilities of the Finance Department
Under the supervision of the Finance Director / City Treasurer, the Finance Department is charged with the responsibility for managing all public funds and securities belonging to or under the control of the City and Successor Agency and for the deposit and investment of those funds in accordance with principles of sound treasury management and applicable laws and ordinances.

Appropriate internal controls designed to ensure that assets of the City are protected from loss, theft, or misuse, including but not limited to separation of duties and multiple approvers for transactions, shall be maintained at all times in order to safeguard the City’s assets.

5. Responsibilities of the City’s Investment Advisor
Should the City determine that it is appropriate to engage a firm to manage the City’s investment portfolio, the Investment Advisor shall invest the City’s funds in investments that are in compliance with this policy and provide accurate and

C I T Y C O U N C I L P O L I C I E S
POLICY: INVESTMENT POLICY
Number: F-10 Issue Number: 19
Page: 3 Date Adopted: June 02, 2026
Replaces: June 17, 2025
timely reports of its investment activities to City staff. The Investment Advisor shall never take possession of the City’s funds or assets.

6. Responsibilities of the City’s Auditing Firm
The City’s auditing firm’s responsibilities shall include, but are not limited to, the examination and analysis of fiscal procedures and the examination, checking, and verification of accounts, revenues, and expenditures. A review of the City’s investment program is a part of this responsibility. (B) Prudent Investor Rule
The City of Yorba Linda makes its cash investments under the prudent investor rule (Government Code Section 53600.3), which states, in essence, that in investing and managing property, a trustee shall act with the care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the City, that a prudent person acting in a like capacity and familiar with those matters would use in conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the City. Within the limitations of the Government Code and considering individual investments as part of an overall strategy, investment may be acquired as authorized by law.

This affords the City a broad spectrum of investment opportunities as long as an investment is deemed prudent as is allowable under the current laws of the State of California.

The City Treasurer and other individuals assigned to manage the investment portfolio, acting in accordance with state law and the intent and scope of the Investment Policy and other written procedures and exercising due diligence, shall be relieved of personal responsibility and liability for an individual security’s credit risk or market price changes, provided deviations from expectations are reported in a timely manner and appropriate action is taken to control adverse developments.
(C) Ethics and Conflicts of Interest
Officers and employees involved in the investment process shall refrain from personal business activity that conflicts with proper execution of the investment program or impairs their ability to make impartial investment decisions.

Additionally, the City Treasurer, other employees designated in the City’s conflict of interest code, and the City’s Investment Advisor, if one is used, are required to annually file applicable financial disclosures as required by the Fair Political

C I T Y C O U N C I L P O L I C I E S
POLICY: INVESTMENT POLICY
Number: F-10 Issue Number: 19
Page: 4 Date Adopted: June 02, 2026
Replaces: June 17, 2025
Practices Commission (FPPC) and are subject to California law relative to conflicts of interest. Further in compliance with California Government Code Section 53238.2, all Agency officials and employees with investment responsibilities shall complete fiscal and financial trainings as required by law. (D) Level of Investment
The City strives to maintain the level of investment of all investable cash as near to 100 percent as possible through current and projected cash flow management.

The City Treasurer shall maintain a system to monitor and forecast revenues and expenditures so that City funds can be invested to the fullest extent possible while providing sufficient liquidity to meet the City’s reasonably anticipated cash flow requirements. Maturities of investments will be selected to provide necessary liquidity, manage interest rate risk, and optimize earnings. Because of inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds. (E) Investment Criteria
The City seeks safety and liquidity in all of its investments followed by yield.

Safety, liquidity, and yield are defined as follows:

1. Safety. Safety of principal is the foremost objective of the investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio.

2. Liquidity. The investment portfolio shall remain sufficiently liquid to meet operating requirements that may be reasonably anticipated. This is accomplished by structuring the portfolio so that securities mature concurrent with cash needs to meet anticipated demands.

3. Yield. The investment portfolio shall be designed with the objective of attaining a market rate of return, taking into account the investment risk constraints and liquidity needs. Return on investment is of secondary importance compared to the safety and liquidity objectives described above.
(F) Allowable Investments
Sections 53601 & 16429.1 of the California Government Code govern allowable investments. The City shall not invest in any investment authorized by the Government Code, but not explicitly listed in this Policy without the prior approval of the City Council. In the event that an apparent discrepancy is found between this Policy and the Government Code, the more restrictive parameters will take

C I T Y C O U N C I L P O L I C I E S
POLICY: INVESTMENT POLICY
Number: F-10 Issue Number: 19
Page: 5 Date Adopted: June 02, 2026
Replaces: June 17, 2025
precedence. If collateral is required for a particular investment type, it will be provided in compliance with California Government Code requirements.

Furthermore, the City will not invest in inverse floaters, range notes, mortgagederived, interest-only strips, or any security that could result in zero interest accrual if held to maturity. Prior to investing in any pooled investment program (e.g., LAIF, LGIPs, mmfs), the City Treasurer should review the program’s documentation (e.g., investment policy, policies for participation, fees) to determine the appropriateness of the pool for City funds. Whenever the City has funds invested in a pooled investment program, the City Treasurer should periodically review the pool’s investment holdings.

The City shall diversify the investments within the portfolio to avoid incurring unreasonable risks inherent in over-investing in specific instruments, individual financial institutions, or maturities. To promote diversification, no more than 5% of the portfolio may be invested in the securities of any one issuer, regardless of security type; excluding U.S. Treasuries, federal agencies, supranationals, and pooled investments such as LAIF, money market funds, or local government investment pools.

Credit ratings, where shown specify the minimum credit rating category required at purchase. For purposes of this Policy, the minimum rating will be determined by the lowest rating by Standard & Poor’s, Moody’s or Fitch. In the event that an investment originally purchased within Policy guidelines is downgraded below the Policy requirements, the course of action to be followed by the City Treasurer will then be decided on a case-by-case basis, considering such factors as the reason for the downgrade, prognosis for recovery of further rating downgrades, and the market price of the security.

The weighted average duration of the investment portfolio shall not exceed 3.0 years. For those investment types for which this Policy does not specify a maturity limit, no individual investment shall exceed a maturity of five years from the date of purchase unless the City Council has granted express authority to make that investment either specifically or as a part of an investment program approved by the City Council no less than three months prior to the investment.

The following types of investments are authorized by this Policy:

1. U.S. Treasury Instruments. United States Treasury notes, bonds, bills, or certificates of indebtedness, or those for which the faith and credit of the United States are pledged for the payment of principal and interest.

There is no limitation as to the percentage of the City’s portfolio that may be invested in this category.

C I T Y C O U N C I L P O L I C I E S
POLICY: INVESTMENT POLICY
Number: F-10 Issue Number: 19
Page: 6 Date Adopted: June 02, 2026
Replaces: June 17, 2025

2. State of California’s Local Agency Investment Fund (LAIF). A State of California-managed investment pool. The maximum amount invested in this category may not exceed the limit set by LAIF for operating accounts.

3. Local Government Investment Pools (“LGIP”). Shares of beneficial interest issued by a joint powers authority organized pursuant to Section 6509.7 that invests in the securities and obligations authorized in Government Code. There is no limitation as to the percentage of the City’s portfolio that may be invested in this category.

4. Municipal Debt. Registered state warrants or treasury notes or bonds of this state, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by the state or by a department, board, agency, or authority of the state.

Registered treasury notes or bonds of any of the other 49 states in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California.

Bonds, notes, warrants, or other evidence of indebtedness of a local agency within this state, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by the local agency, or by a department, board, agency, or authority of the local agency.

Purchases are limited to securities rated in a rating category of “A” (longterm) or “A-1” (short-term) or their equivalents or better by an NRSRO. A maximum of 30% the City’s portfolio may be invested in this category.

5. Federal Agency Securities. Federal agency or United States governmentsponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises.

There is no limitation as to the percentage of the City’s portfolio that may be invested in this category.

6. Negotiable Certificates of Deposit. Negotiable certificates of deposit issued by a nationally or state-chartered bank, a savings association or a

C I T Y C O U N C I L P O L I C I E S
POLICY: INVESTMENT POLICY
Number: F-10 Issue Number: 19
Page: 7 Date Adopted: June 02, 2026
Replaces: June 17, 2025
federal association, a state or federal credit union, or by a federally licensed or state-licensed branch of a foreign bank. Purchases are limited to securities rated in a rating category of “A” (long-term) or “A-1” (short-term) or their equivalents or better by an NRSRO. A maximum of 30% the City’s portfolio may be invested in this category.

8. Commercial Paper. Commercial paper of “prime” quality of the highest ranking or of the highest letter and number rating as provided for by a nationally recognized statistical rating organization (NRSRO). The entity that issues the commercial paper shall meet all the following conditions in either paragraph (1) or (2):
(1) The entity meets the following criteria: (A) Is organized and operating in the United States as a general corporation; (B) Has total assets in excess of five hundred million dollars
($500,000,000), and (C) Has debt other than commercial paper, if any, that is rated in a rating category of “A” or its equivalent or better by an NRSRO.
(2) The entity meets the following criteria: (A) Is organized within the United States as a special purpose corporation, trust, or limited liability company, (B) Has program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond, and (C) Has commercial paper that is rated “A-1” or better, or the equivalent, by an NRSRO.

Purchases are limited to securities that have a maximum maturity of 397 days. A maximum of 30% of the City’s portfolio may be invested in this category.

9. Medium-Term Notes. Medium-term notes, defined as all corporate and depository institution debt securities with a maximum remaining maturity of five years or less, issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States. Purchases are limited to securities rated in a rating category of “A” or its equivalent or better by an NRSRO. A maximum of 30% of the City’s portfolio may be invested in this category.

10. Money Market Funds (“MMF”). Purchases are restricted to Government Money Market Funds. Furthermore, these Money Market Funds must have met either of the following criteria:

C I T Y C O U N C I L P O L I C I E S
POLICY: INVESTMENT POLICY
Number: F-10 Issue Number: 19
Page: 8 Date Adopted: June 02, 2026
Replaces: June 17, 2025
(A) Attained the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs, or
(B) Retained an investment advisor with not less than five years’ experience and registered or exempt from registration with the SEC, with assets under management in excess of five hundred million dollars ($500,000,000). A maximum of 20% of the City’s portfolio may be invested in this category.

11. Supranational Obligations. United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank, with a maximum remaining maturity of five years or less, and eligible for purchase and sale within the United States.

Investments under this subdivision shall be rated in a rating category of “AA” or its equivalent or better by a Nationally Recognized Statistical Rating Organization (“NRSRO”). A maximum of 30% of the City’s portfolio may be invested in this category.

12. Asset-Backed Securities. A mortgage passthrough security, collateralized mortgage obligation, mortgage-backed or other paythrough bond, equipment lease-backed certificate, consumer receivable passthrough certificate, or consumer receivable-backed bond.
(1) The security shall have a maximum of five years’ maturity and shall be rated in a rating category of “AA” or its equivalent or better by an NRSRO.
(2) A maximum of 20% of the City’s portfolio may be invested in this category.
a. Performance Standards
The investment portfolio shall be managed with the objective of obtaining a rate of return throughout budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow needs. The City will employ an active management approach that allows for the sale of securities prior to their scheduled maturity dates for purposes of improving the portfolio’s credit quality, liquidity, or return in response to changing market conditions or City circumstances. This Policy recognizes that in a diversified portfolio occasional measured losses are inevitable and must be considered within the context of the overall portfolio's structure and expected investment return, with the proviso that adequate diversification and credit analysis have been implemented.

An appropriate performance benchmark shall be established against which portfolio performance shall be compared on a regular basis. The selected

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Replaces: June 17, 2025
performance benchmark shall be representative of the City’s overall investment objectives and liquidity requirements.
b. Investment Reporting and Portfolio Review
A monthly Treasurer’s Report shall be prepared and submitted to the City Council, which shall include a complete description of the portfolio, type of investments, issuers, and other relevant information.

The City Treasurer shall review the portfolio at least on a quarterly basis to verify that the securities in the portfolio are in compliance with this Policy and shall report any issues of material non-compliance in the next monthly Treasurer’s Report. Percentage holding limits and diversification requirements listed in this Policy apply at the time a security is purchased. If a percentage holding limit or diversification requirement is exceeded due to a subsequent change in the portfolio, it is not a compliance violation, but no additional securities may be purchased in that category or for that issuer until the holdings are back under the Policy limits. Credit ratings, where shown, specify the minimum credit rating category required at purchase. In the event a security held by the City is subject to a credit rating change that brings it below the minimum credit ratings specified in this Policy, the City Treasurer should notify the City Council of the change in the next monthly Treasurer’s Report. The course of action to be followed will then be decided on a case-by-case basis, considering such factors as the reason for the change, prognosis for recovery or further rating downgrades, and the market price of the security. If security is determined to be out of compliance with this Policy due to a subsequent change in this Policy or the Government Code, it may be held to maturity unless there is a requirement that the security be sold. c. Debt Proceeds
Debt proceeds and bond reserve funds are to be invested in accordance with their respective bond indenture. If the indenture is silent as to the permitted investments, the bond proceeds will be invested in the securities permitted by this Policy. Notwithstanding the other provisions of this Policy, the percentage limitations listed elsewhere in this Policy do not apply to bond proceeds and bond proceeds may be invested beyond five years if the maturities of such investments do not exceed the expected use of the funds, the investments are deemed prudent in the opinion of the City Treasurer, and the investments are not prohibited by the applicable bond documents. Tax and Revenue Anticipation Notes or other temporary financing proceeds shall not be invested for a term that exceeds the term of the debt.

C I T Y C O U N C I L P O L I C I E S
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Number: F-10 Issue Number: 19
Page: 10 Date Adopted: June 02, 2026
Replaces: June 17, 2025
d. Safekeeping
To protect against potential losses by collapse of individual securities dealers, all deliverable securities owned by the City, including collateral on repurchase agreements, shall be held in safekeeping by a third-party bank trust department acting as agent for the City under the terms of a custody agreement executed by the bank and by the City. All deliverable securities will be received and delivered using standard delivery-versus-payment procedures.
e. Qualified Financial Institutions and Broker/Dealers
Investments not purchased directly from the issuer, shall be purchased either from an institution licensed by the state as a broker-dealer or from a member of a federally regulated securities exchange, from a national or state-chartered bank, from a savings association or federal association, or from a brokerage firm designated as a primary government dealer by the Federal Reserve Bank. If the City is utilizing a financial dealer or institution to execute transactions, the City Treasurer shall maintain a list of the firms that have been approved for investment purposes. A copy of this Policy shall be sent annually to all firms with which the City executes investments.

If the City has contracted with an Investment Advisor to provide investment services, the Investment Advisor may use their own list of approved issuers, brokers/dealers, and financial institutions with which to conduct transactions on the City’s behalf.
(C) DEFINITIONS
AGENCIES: Securities issued by federal agency securities and/or Governmentsponsored enterprises (e.g. FNMA, FHLMC, FHLB).

AMORTIZED COST (or Book Value): For investments purchased at a discount, amortized cost constitutes cost plus interest earned to date.

ASKED: The price at which securities are offered for sale; also known as offering price.

ASSET-BACKED SECURITIES (ABS): Securities whose income payments and hence value is derived from and collateralized (or "backed") by a specified pool of underlying assets which are receivable. Pooling the assets into financial instruments allows them to be sold to general investors, a process called securitization, and allows the risk of investing in the underlying assets to be diversified because each security will represent a

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Replaces: June 17, 2025
fraction of the total value of the diverse pool of underlying assets. The pools of underlying assets can comprise common payments credit cards, auto loans, mortgage loans, and other types of assets. Interest and principal is paid to investors from borrowers who are paying down their debt.

BASIS POINT: One hundredth of one percent (i.e. 0.01 percent).

BENCHMARK: A comparative base for measuring the performance or risk tolerance of the investment portfolio. A benchmark should represent a close correlation to the level of risk and the average duration of the portfolio’s investments.

BID: The price offered by a buyer of securities. (When you are selling securities, you ask for a bid.) See Offer.

BROKER: A broker brings buyers and sellers together for a commission.

CALLABLE BOND: A bond issue in which all or part of its outstanding principal amount may be redeemed before maturity by the issuer under specified conditions.

CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a Certificate. Large denomination CD’s are typically negotiable.

COMMERCIAL PAPER: An unsecured promissory note with a fixed maturity no longer than 270 days.

COLLATERAL: Securities, evidence of deposit or other property, which secures repayment of an investment. Also refers to securities pledged by a bank to secure deposits of public monies.

ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR): The official annual report of the City. It includes financial statements in conformity with GAAP. It also includes supporting schedules necessary to demonstrate compliance with finance-related legal and contractual provisions, extensive introductory material, and a detailed Statistical Section.

COUPON: (a) The annual rate of interest that a bond’s issuer promises to pay the bondholder on the bond’s face value.
(b) A certificate attached to a bond evidencing interest due on a payment date.

CREDIT RISK: The risk to an investor that an issuer will default in the payment of interest and/or principal on a security and a loss will result.

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Number: F-10 Issue Number: 19
Page: 12 Date Adopted: June 02, 2026
Replaces: June 17, 2025
CUSTODIAN: A bank or other financial institution that keeps custody of stock certificates and other assets.

DEALER: A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account.

DEBENTURE: A bond secured only by the general credit of the issuer.

DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities:
delivery versus payment and delivery versus receipt. Delivery versus payment is delivery of securities with an exchange of money for the securities. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for the securities.

DERIVATIVES: (1) Financial instruments whose return profile is linked to, or derived from, the movement of one or more underlying index or security, and may include a leveraging factor, or (2) financial contracts based upon notional amounts whose value is derived from an underlying index or security (interest rates, foreign exchange rates, equities or commodities).

DISCOUNT: The difference between the cost price of a security and its maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be at a discount.

DISCOUNT SECURITIES: Non-interest-bearing money market instruments that are issued a discount and redeemed at maturity for full face value (e.g., U.S. Treasury Bills, commercial paper.)
DIVERSIFICATION: Dividing investment funds among a variety of securities offering independent returns.

DURATION: A measure of the sensitivity of the price (the value of principal) of a fixedincome investment to a change in interest rates. This calculation is based on three variables: term to maturity, coupon rate, and yield to maturity. Duration is expressed as a number of years. The duration of a security is a useful indicator of its price volatility for given changes in interest rates. Rising interest rates mean falling bond prices, while declining interest rates mean rising bond prices.

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC): A federal agency that insures bank deposits.

FEDERAL FARM CREDIT BANK (FFCB): Government-sponsored institution that consolidates the financing activities of the Federal Land Banks, the Federal Intermediate

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Number: F-10 Issue Number: 19
Page: 13 Date Adopted: June 02, 2026
Replaces: June 17, 2025
Credit Banks and the Banks for Cooperatives. Its securities do not carry direct U.S.

Government guarantees.

FEDERAL FUNDS RATE: The rate of interest at which Fed funds are traded. This rate is currently pegged by the Federal Reserve through open-market operations.

FEDERAL HOME LOAN BANKS (FHLB): Government sponsored wholesale banks (currently 12 regional banks), which lend funds and provide correspondent banking services to member commercial banks, thrift institutions, credit unions and insurance companies. The mission of the FHLBs is to liquefy the housing related assets of its members who must purchase stock in their district Bank.

FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC or Freddie Mac):

Established in 1970 to help maintain the availability of mortgage credit for residential housing. FHLMC finances these operations by marketing guaranteed mortgage certificates and mortgage participation certificates. FHLMC’s securities are highly liquid and are widely accepted. FHLMC is currently operated under conservatorship of the U.S. Government.

FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA or Fannie Mae):

FNMA was chartered under the Federal National Mortgage Association Act in 1938.

FNMA is a Federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). It is the largest single provider of residential mortgage funds in the United States. The corporation’s purchases include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages. FNMA’s securities are also highly liquid and are widely accepted. FNMA is currently operated under conservatorship of the U.S. Government.

FEDERAL OPEN MARKET COMMITTEE (FOMC): Consists of seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank Presidents. The President of the New York Federal Reserve Bank is a permanent member, while the other Presidents serve on a rotating basis. The Committee periodically meets to set Federal Reserve guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money.

FEDERAL RESERVE SYSTEM: The central bank of the U.S. which consists of sevenmember Board of Governors, 12 regional banks, and about 5,700 commercial banks that are members.

FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA): The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. All told, FINRA oversees nearly 4,750 brokerages

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firms, with about 167,000 branch offices and approximately 634,000 registered securities representatives.

INTEREST RATE RISK: The risk of gain or loss in market values of securities due to changes in interest-rate levels. For example, rising interest rates will cause the market value of portfolio securities to decline.

INVESTMENT POLICY: A clear and concise statement of the objectives and parameters formulated by an investor or investment manager for a portfolio of investment securities.

LIQUIDITY: A liquid asset is one that can be converted easily and rapidly into cash without a substantial loss of value. In the money market, a security is said to be liquid if the spread between bid and asked prices is narrow and reasonable size can be done at those quotes.

LOCAL AGENCY INVESTMENT FUND (LAIF): The aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment purposes.

LOCAL GOVERNMENT INVESTMENT POOL (LGIP): A type of pooled investment program in which funds from local agency investors/participants are aggregated together for investment purposes.

MARKET VALUE: The price at which a security is trading and could presumably be purchased or sold.

MATURITY: The date upon which the principal or stated value of an investment becomes due and payable.

MEDIUM-TERM NOTES (MTNs): Unsecured corporate obligations. For purposes of the California Government Code, they have a maximum remaining maturity of five years or less.

MONEY MARKET: The market in which short-term debt instruments (bills, commercial paper, bankers’ acceptances, etc.) are issued and traded.

MONEY MARKET FUND. A type of mutual fund that invests exclusively in short-term investments.

MORTGAGE-BACKED SECURITIES (MBS): These securities represent an ownership interest in mortgage loans made by financial institutions (savings and loans, commercial banks, or mortgage companies) to finance the borrower’s purchase of a home or other

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Page: 15 Date Adopted: June 02, 2026
Replaces: June 17, 2025
real estate. MBS are created when these loans are packaged, or “pooled,” by issuers or servicers for sale to investors. As the underlying mortgage loans are paid off by the homeowners, the investors receive payments of interest and principal.

MUTUAL FUND: A fund operated by an investment company that raises money from shareholders and invests it on their behalf. Profits are distributed to shareholders after the investment company deducts its management fee. Mutual funds are regulated by the SEC.

NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION (NRSRO): A credit rating agency that issue credit ratings that the U.S. Securities and Exchange Commission (SEC) permits other financial firms to use for certain regulatory purposes.

The largest three NRSROs are Standard & Poor’s, Moody’s Investors Service and Fitch Ratings.

NEGOTIABLE: Something that can be sold or transferred to another party.

NEGOTIABLE CERTIFICATES OF DEPOSIT: Large denomination certificates of deposit with a fixed maturity date, which can be sold in the money market. They are not collateralized.

OFFER: The price asked for by a seller of securities. (When you are buying securities, you ask for an offer.) See Asked and Bid.

OPEN MARKET OPERATIONS: Purchases and sales of government and certain other securities in the open market by the New York Federal Reserve Bank as directed by the FOMC in order to influence the volume of money and credit in the economy. Purchases inject reserves into the bank system and stimulate growth of money and credit; sales have the opposite effect. Open market operations are the Federal Reserve’s most important and most flexible monetary policy tool.

PAR VALUE: The amount of principal that must be paid at maturity. Also referred to as the face amount of a bond, normally quoted in increments of $1,000 per bond.

PORTFOLIO: Collection of securities held by an investor.

PRIMARY DEALER: A group of government securities dealers who submit daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include Securities and Exchange Commission (SEC)-registered securities broker-dealers, banks, and a few unregulated firms.

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Number: F-10 Issue Number: 19
Page: 16 Date Adopted: June 02, 2026
Replaces: June 17, 2025
PREMIUM: The amount by which a security sells above its par value.

PRINCIPAL: The face or par value of a debt instrument or the amount of capital invested in a given security.

PRUDENT INVESTORS RULE: An investment standard. In California, people authorized to make investment decisions on behalf of a local agency are considered trustees and therefore fiduciaries subject to the Prudent Investor Rule. A trustee may invest in a security if it is one which would be bought by a prudent person of discretion and intelligence who is seeking a reasonable income and preservation of capital.

QUALIFIED PUBLIC DEPOSITORIES: A financial institution which does not claim exemption from the payment of any sales or compensating use or ad valorem taxes under the laws of this state, which has segregated for the benefit of the commission eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits.

RATE OF RETURN: The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity on a bond the current income return.

SAFEKEEPING: A service banks offer to clients for a fee, where physical securities are held in the bank’s vault for protection and book-entry securities are on record with the Federal Reserve Bank or Depository Trust Company in the bank’s name for the benefit of the client. As agent for the client, the safekeeping bank settles securities transactions, collects coupon payments, and redeems securities at maturity or, if called, on the call date.

SECONDARY MARKET: A market made for the purchase and sale of outstanding issues following the initial distribution.

SECURITIES: Investment instruments such as notes, bonds, stocks, money market instruments and other instruments of indebtedness of equity.

SECURITIES & EXCHANGE COMMISSION (sec): Agency created by Congress to protect investors in securities transactions by administering securities legislation.

SPREAD: The difference between two figures or percentages. It may be the difference between the bid (price at which a prospective buyer offers to pay) and asked (price at which an owner offers to sell) prices of a quote, or between the amount paid when bought and the amount received when sold.

C I T Y C O U N C I L P O L I C I E S

POLICY: INVESTMENT POLICY
Number: F-10 Issue Number: 19
Page: 17 Date Adopted: June 02, 2026
Replaces: June 17, 2025
SUPRANATIONAL: Supranational entities are formed by two or more central governments with the purpose of promoting economic development for the member countries. Supranational institutions finance their activities by issuing debt, such as supranational bonds. Examples of supranational institutions include the European Investment Bank and the World Bank. Similarly to the government bonds, the bonds issued by these institutions are considered direct obligations of the issuing nations and have a high credit rating.

TREASURY SECURITIES. Obligations issued by the federal government, which are backed by the U.S. Government’s full faith & credit. Generally considered to have the lowest credit risk of any security. They are issued in a range of maturities:
• TREASURY BILLS. Are short-term, non-interest-bearing discount security having initial maturities of one-year or less.
• TREASURY NOTES. Are Intermediate-term coupon-bearing securities having initial maturities from two to ten years.
• TREASURY BONDS. Are long-term coupon-bearing securities having initial maturities of more than ten years.

UNIFORM NET CAPITAL RULE: Securities and Exchange Commission requirement that member firms as well as non-member broker-dealers in securities maintain a maximum ratio of indebtedness to liquid capital of 15 to 1; also called net capital rule and net capital ratio. Indebtedness covers all money owed to a firm, including margin loans and commitments to purchase securities, one reason new public issues are spread among members of underwriting syndicates. Liquid capital includes cash and assets easily converted into cash.

WEIGHTED AVERAGE MATURITY (OR DURATION): The sum of the amount of each investment multiplied by the number of days to maturity (or duration), divided by the total amount of investments.

YIELD: The annual rate of return on an investment is expressed as a percentage of the investment. Income yield is obtained by dividing the current dollar income by the current market price for the security.

YIELD CURVE: Yield calculations of various maturities of instruments of the same quality at a given time to show yield relationships.

FINANCE DEPARTMENT
DATE: JUNE 2, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: DONNA MULLALLY FINANCE DIRECTOR / CITY TREASURER
SUBJECT: FISCAL YEAR 2026-27 APPROPRIATIONS (GANN) LIMIT

RECOMMENDATION
Adopt Resolution No. 2026-5991 establishing the appropriations limit for Fiscal Year 2026-

27. BACKGROUND
Pursuant to Article XIIIB of the State Constitution and Section 7910 of the State Government Code, known as the Gann Initiative, all government entities must adopt an annual appropriations limit.

DISCUSSION
The appropriations limit applies only to revenues derived from certain taxes, such as property taxes and sales taxes, among others. It was originally based on actual appropriations for Fiscal Year 1978-79, and it is recalculated each year based on growth in population (using either the growth in the City or County population) and the rate of inflation (using either the growth in per capita income or new non-residential construction). The growth factors utilized in the calculation are provided by the State Department of Finance and the County of Orange. It is in the City’s best interest to choose between the population and rate of inflation factors based on which factor in each category will generate the largest increase to the appropriations limit.

The factors used for the Fiscal Year 2026-27 calculation were the change in the County’s population of (0.37%) and the California per capita personal income growth factor of 4.95%.

The City’s Fiscal Year 2026-27 appropriations limit and budgeted tax receipts are shown as part of the attached Resolution. For Fiscal Year 2026-27, the appropriations limit is $95.9 million, while the budgeted tax proceeds are $47.5 million. The $48.4 million difference is the City’s margin for allowable growth in appropriations.

FISCAL IMPACT
There is no fiscal impact associated with this report.

FISCAL YEAR 2026-27 APPROPRIATIONS (GANN) LIMIT
P a g e | 2

ATTACHMENTS

1. Resolution No. 2026-5991– Fiscal Year 2026-27 Appropriations (GANN) Limit.

RESOLUTION NO. 2026-5991

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

YORBA LINDA APPROVING AND ADOPTING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2026-27
WHEREAS, the voters of California, on November 6, 1979, added Article XIIIB to the State Constitution placing a restriction on the amount of proceeds of tax revenues which can be appropriated by state and local governments during a fiscal year; and WHEREAS, Article XIIIB provides that the appropriations limit for each fiscal year is calculated by adjusting the base year appropriations of Fiscal Year 1978-79 for changes in the cost of living and population; and
WHEREAS, the City Council may choose to use as adjustment factors either the annual growth in California Per Capita Income or the growth in the non-residential assessed valuation due to new construction within the City, and the City’s population growth or the population growth of the County of Orange, as provided by the State Department of Finance; and
WHEREAS, the selection of adjustment factors, calculation of the limit, and budgeted tax receipts are attached as Exhibit A; and
WHEREAS, the City of Yorba Linda has complied with all the provisions of Article XIIIB in determining the appropriation limit for Fiscal Year 2026-27.

NOW, THEREFORE, BE IT RESOLVED that the appropriations subject to limitation for the City of Yorba Linda for Fiscal Year 2026-27 shall be $95,868,657 PASSED, APPROVED AND ADOPTED by the City Council of the City of Yorba Linda, on the 2nd day of June, 2026.

CARLOS RODRIGUEZ, MAYOR

CITY OF YORBA LINDA
ATTEST:

MARCIA BROWN, CITY CLERK

CITY OF YORBA LINDA

RESOLUTION NO. 2026-5991
PAGE NO. 2
APPROVED AS TO FORM:

RUTAN & TUCKER, LLP

CITY ATTORNEY

COUNTY OF ORANGE )
ss STATE OF CALIFORNIA )
I, MARCIA BROWN, City Clerk of the City of Yorba Linda, California, DO HEREBY CERTIFY that the foregoing Resolution was adopted at a regular meeting of the City Council of the City of Yorba Linda held on the 2nd day of June, 2026, and was carried by the following roll call vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:

MARCIA BROWN, CITY CLERK

CITY OF YORBA LINDA

RESOLUTION NO. 2026-5991
PAGE NO. 3

EXHIBIT A

CITY OF YORBA LINDA

CALCULATION OF APPROPRIATION LIMIT
FISCAL YEAR 2026-27
APPROPRIATION LIMIT 2025-26 $91,686,220
2026-27 Adjustment Factors
Population: (Choose one population factor)
City -0.56%
County of Orange -0.37% 0.99630
Inflation: (Choose one Inflation factor) X
California Per Capita Income 4.95% 1.04950
Non-Residential Construction 0.004763%
Combined Adjustment Factor x 1.0456
APPROPRIATION LIMIT 2026-27 $95,868,657
(Budgeted Tax Receipts for fiscal year 2026-27 = $47,495,204)

PLANNING COMMISSION | AGENDA ITEM SUMMARY
MEETING DATE | MAY 27, 2026
Community Development Department
Planning Division
Director
Nate Farnsworth, AICP

4.1 APPROVAL OF MAY 13, 2026, PLANNING COMMISSION MEETING MINUTES A motion by Chair Pro Tem Goldfarb, second by Commissioner Goldfarb, to approve the minutes as drafted. The motion carried (4-0-1-0) with the following roll call vote:

AYES: Bernstein, Chavez Marquez, Goldfarb, Masterson
NOES: None
ABSENT: Behura
ABSTAIN: None

9.1 CONTINUED DESIGN REVIEW 2025-08 AND VARIANCE 2026-01 YORBA LINDA CAR WASH
PROPERTY ADDRESS: 17091 IMPERIAL HIGHWAY
A request to establish and operate a 4,492 square-foot car wash facility including an express car wash tunnel, self-service vacuum stalls, equipment room, breakroom, and cahier’s office.

A motion by Commissioner Bernstein, second by Chair Pro Tem Goldfarb, by minute motion Design Review 2025-08 and adopting Resolution No. 5672 approving Variance 2026-01 Yorba Linda Car Wash, subject to attached conditions. The motion carried (4-0-1-0) with the following roll call vote:

Speakers in favor: 4
Speakers in opposition: 1
AYES: Bernstein, Chavez Marquez, Goldfarb, Masterson
NOES: None
ABSENT: Behura
ABSTAIN: None

9.2 CONTINUED DESIGN REVIEW 2025-15 - CHASE BANK
PROPERTY ADDRESS: 18461 YORBA LINDA BOULEVARD
A request for architectural and site plan review for the construction of a new 1- story Chase Bank with proximately 3,000 square feet of floor area with a walk-up ATM terminal.

A motion Commissioner Chavez Marquez, second by Commissioner Bernstein, approving by minute motion Design Review 2025-15 Chase Bank, with additional conditions and subject to attached conditions. The motion carried (4-0-1-0) with the following roll call vote:

Speakers in favor: 0
Speakers in opposition: 0
AYES: Bernstein, Chavez Marquez, Goldfarb, Masterson
NOES: None
ABSENT: Behura
ABSTAIN: None

7.5 CONDITIONAL USE PERMIT 2025-04, DESIGN REVIEW 2025-06 & SIGN REQUEST 2025- 01 YORBA LINDA FRIENDS CHURCH
PROPERTY ADDRESS: 5091 MOUNTAIN VIEW AVENUE
A request to review the site and architectural designs for a new two-story multi-purpose building of approximately 29,000 square feet with classrooms and gymnasium, associated site and parking improvements, and the construction of a new monument sign on the Yorba Linda property frontage and modification to the existing Lakeview Ave sign to include a message board for the Friends Christian Church.

A motion by Commissioner Bernstein, second by Chair Pro Tem Goldfarb, adopting Resolution No. 5673 approving Conditional Use Permit 2025-04, by minute motion approving Design Review 2025-06 and Sign Request 2025-01 Yorba Linda Friends Church, subject to amended conditions.

The motion carried (4-0-1-0) with the following roll call vote:

Speakers in favor: 3
Speakers in opposition: 0
AYES: Bernstein, Chavez Marquez, Goldfarb, Masterson
NOES: None
ABSENT: Behura
ABSTAIN: None

7.2 CONDITIONAL USE PRMIT 2026-05 FOREVER FIT TRAINING
PROPERTY ADDRESS: 22349 E. LA PALMA AVE UNIT #101
A request to operate a commercial recreation use (fitness club) within an existing tenant suite.

A motion by Chair Pro Tem Goldfarb, second by Commissioner Bernstein, adopting Resolution No. 5674 approving Conditional Use Permit 2026-05 Forever Fit Training, subject to attached conditions. The motion carried (4-0-1-0) with the following roll call vote:

Speakers in favor: 0
Speakers in opposition: 0

AYES: Bernstein, Chave Marquez, Goldfarb, Masterson
NOES: None
ABSENT: Behura
ABSTAIN: None

7.3 CONDITIONAL USE PERMIT 2025-60 BROWN
PROPERTY ADDRESS: 19031 SUNRISE PLACE
A request to construct a new 763 square-foot second-story addition to an existing 2,753 squarefoot two-story single-family residence.

A motion by Commissioner Bernstein, second by Chair Pro Tem Goldfarb, adopting Resolution No. 5675 approving Conditional Use Permit 2025-60 Brown, subject to attached conditions. The motion carried (3-0-1-0) (Commissioner Chavez Marquez recused himself) with the following roll call vote:

Speakers in favor: 0
Speakers in opposition: 0
AYES: Bernstein, Goldfarb, Masterson
NOES: None
ABSENT: Behura
ABSTAIN: None

7.4 CONDITIONAL USE PERMIT 2025-06 DEVORE
PROPERTY ADDRESS: 17927 SUN HILL DRIVE
A request to establish and operate overnight dog boarding for a maximum of thirteen (13) dogs and daytime one-on-one dog training as accessory uses to the residential property.

A motion by Commissioner Chavez Marquez, second by Commissioner Goldfarb, to continue Conditional Use Permit 2025-06 Falco Day Training, with direction to continue the item to the Planning Commission’s regular meeting of June 24, 2026. The motion carried (3-0-1-0) (Commissioner Bernstein recused himself) with the following roll call vote:

Speakers in favor: 4
Speakers in opposition: 9
AYES: Chavez Marquez, Goldfarb, Masterson
NOES: None
ABSENT: Behura
ABSTAIN: None

7.1 ZONING CODE AMENDMENT 2026-02

The proposed amendments to the Zoning Code are related to housing development regulations and procedures consistent with the Housing Element Implementation Programs and are being initiated by the City.

A motion by Chair Pro Tem Goldfarb, second by Commissioner Bernstein, adopted the attached Resolution recommending that the City Council adopt the proposed Zoning Code Amendment 2026-02. The motion carried (4-0-1-0) with the following roll call vote:

Speakers in favor: 0
Speakers in opposition: 0
AYES: Bernstein, Chave Marquez, Goldfarb, Masterson
NOES: None
ABSENT: Behura
ABSTAIN: None
Adjournment: The meeting adjourned at 10:35 p.m. to June 10, 2026, Planning Commission meeting at 6:30 p.m.

CITY CLERK'S OFFICE
DATE: JUNE 2, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: MARCIA BROWN, CMC, CITY CLERK
SUBJECT: CITY COUNCIL COMMITTEE AND AGENCY REPORTS

RECOMMENDATION
Receive and file this report.

DISCUSSION
City Council members serve on a number of outside committees and agencies. Attached are updates received recently from these agencies.

ATTACHMENTS

1. Reports from City Council Organizations, Agencies and Committees

CITY C O U N C I L C O M M I T T E E A N D A G E N C Y R E P O R T S No Committee or Agency reports were submitted by deadline.

PUBLIC WORKS DEPARTMENT
DATE: JUNE 2, 2026
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: JAMIE LAI, P.E., DIRECTOR OF PUBLIC WORKS/CITY ENGINEER PREPARED BY: YASH VERMA, SENIOR MANAGEMENT ANALYST
SUBJECT: APPROVE THE FY 2026-27 ENGINEER’S REPORT AND DECLARE

INTENT TO LEVY ASSESSMENTS WITHIN THE STREET LIGHTING AND

LANDSCAPE MAINTENANCE ASSSESSMENT DISTRICT

RECOMMENDATION

1. Adopt Resolution No. 2026-5988, approving the FY 2026-27 Engineer’s Report for the Street Lighting and Landscaping Maintenance Assessment District.

2. Adopt Resolution No. 2026-5989, declaring the City’s intention to levy and collect assessments for FY 2026-27 and setting a public hearing for June 16, 2026.

SUMMARY
The City levies annual assessments through the Street Lighting & Landscape Maintenance Assessment District (LMAD) to maintain and operate public landscaping, street lighting, and related infrastructure. These resolutions are the second step in the annual assessment process and approves the Engineer’s Report and sets a future public hearing for the City Council to consider the levy of those assessments.

DISCUSSION
The LMAD was formed according to the Landscaping and Lighting Act of 1972 and is levied annually in compliance with Article XIII D of the California Constitution (Proposition 218).

The LMAD includes several lighting, traffic signal, and unique landscaping zones that provide special benefits to properties within the district.

The FY 2026-27 Engineer’s Report identifies the improvements and services to be provided by the district, the costs to maintain and operate those improvements, and the proposed assessments for each zone. Each parcel is assessed only for the improvements and services that specially benefit that parcel.

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L E V Y L M A D A S S E S M E N T S
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If approved, the resolution sets a June 16 public hearing to receive comments and written protests regarding the LMAD and the annual levy of assessments. After the public hearing, the City Council may confirm the assessments and direct the City to submit them to the Orange County Auditor-Controller for inclusion on the property tax roll.

Consideration of the Engineer’s Report and the setting of the public hearing are not likely to create a conflict of interest, but the City has historically treated them as though they might.

Accordingly, and out of an abundance of caution, the City Council will draw straws at its June 2 meeting to determine which three Council Members will consider the Engineer’s Report. Those same three Council Members will conduct the June 16 public hearing.

If a Council Member is unable to (or uncertain if they can) attend both June meetings, they should disclose that on June 2 and not draw a straw.

Public Works updated the report to reflect the Zone L-1A assessment approved following the May 5, 2026, public hearing and ballot tabulation.

FISCAL IMPACT
As identified in the Engineer’s Report, the FY 2026-27 LMAD budget is $15,063,706, with $11,180,144 to be levied through annual assessments. The City-funded General Benefit portion is $1,430,949. The remaining costs are funded by ad valorem revenues, reserve fund deferrals/transfers, and additional City contributions and/or service reductions where needed.

ALTERNATIVES
Do not approve the recommendation and provide alternative direction.

ATTACHMENTS
Attachment 1 – Resolution No. 2026-5988 Approving the FY 2026-27 Engineer’s Report Attachment 2 – Resolution No. 2026-5989 Declaring Intention to Levy Assessments and Setting a Public Hearing
Attachment 3 – Fiscal Year 2026-27 LMAD Engineer’s Report

RESOLUTION NO. 2026-5988

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

YORBA LINDA, APPROVING THE ENGINEER'S REPORT

REGARDING THE LEVY OF AN ANNUAL ASSESSMENT

WITH THE CITY OF YORBA LINDA STREET LIGHTING

AND LANDSCAPING MAINTENANCE ASSESSMENT
DISTRICT FOR 2026-27 FISCAL YEAR
WHEREAS, the City Council of the City of Yorba Linda, California has adopted Resolution No. 2026-5975, pursuant to Chapter 3 of Part 2 of Division 15 of the Streets and Highway Code of the State of California relative to Yorba Linda Street Lighting and Landscaping Maintenance District, initiating proceedings to levy and collect annual assessments and ordering the City Engineer to prepare and file a report in accordance with Article 4 of Chapter 1 of Part 2 of Division 15 of said Code; and WHEREAS, the City Engineer has prepared and filed with the City Clerk a report, and the City Clerk has presented such report for the City of Yorba Linda Street Lighting and Landscaping Maintenance District for Fiscal Year 2026-27; and WHEREAS, City Council has examined and reviewed said report.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Yorba Linda as follows:

Section 1. Incorporation of Recitals. The foregoing recitals are incorporated herein by this reference.

Section 2. Approval of Report. The Report, including plans and specifications for the improvements and the estimate of the costs of the improvements, a diagram for the district and an assessment for the costs of the improvements, is hereby approved as filed.

Section 3. Capital Improvement Plan. In accordance with Streets and Highways Code Sections 22660(a) and 22660(b), the City Council has determined that the estimated cost of certain proposed improvements, described in Section 22525, subdivisions (a) through (d), are greater than can conveniently be raised from a single assessment and, as a result, shall be collected in installments over a period not to exceed five fiscal years and held in a reserve account, as noted in the Engineer's Report. General descriptions of these improvements for all Zones and sub-zones in the District, as well as the estimated costs thereof, the number of annual installments and years during which they are to be collected, and the maximum amount of each annual installment, are described in the City’s LMAD Capital Improvement Plan, attached hereto as Attachment “A”. Improvements may

RESO L UT IO N NO . 202 6 - 59 88
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generally include, but are not limited to, irrigation/smart controllers, fence rehabilitation, trail surface, landscape renovation/drought tolerant upgrades, drains/drainage, median renovation, and electrical upgrades. The projects will be adjusted as necessary to avoid deficit spending should the Engineer's Report be approved.

Section 4. Prior Approvals for Fiscal Year 2026-27 Engineer's Report. To the extent anything herein differs or is otherwise inconsistent with the City's prior action with respect to the approval of the Fiscal Year 2026-27 Engineer's Report for prior individual Zone proceedings and/or the levy of assessments for prior individual Zone proceedings, this Resolution shall prevail as to any such inconsistencies.

Section 5. Severability. If any section, subsection, sentence, clause, phrase, or portion of this Resolution is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining provisions of this Resolution and each section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, or portions might subsequently be declared invalid or unconstitutional. Additionally, if any section, subsection, sentence, clause, phrase, portion, zone, or sub-zone of the Report is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining provisions of the Report and each section, subsection, subdivision, sentence, clause, phrase, portion, zone, or subzone thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, portions, zones, or subzones might subsequently be declared invalid or unconstitutional.

Section 6. This Resolution shall become effective upon its adoption.

PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Yorba Linda on this 2nd day of June, 2026. __________________________

CARLOS RODRIGUEZ, MAYOR

CITY OF YORBA LINDA
ATTEST:
______________________________

MARCIA BROWN, CITY CLERK

CITY OF YORBA LINDA

RESO L UT IO N N O . 202 6 - 59 88
PA G E 3
APPROVED AS TO FORM:

RUTAN & TUCKER LLP

CITY ATTORNEY

STATE OF CALIFORNIA )
ss.

COUNTY OF ORANGE )
I, MARCIA BROWN, City Clerk of the City of Yorba Linda, California, DO HEREBY CERTIFY that the foregoing Resolution was adopted at a regular meeting of the City of Yorba Linda held on the 2nd day of June, 2026, and was carried by the following roll call vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

MARCIA BROWN, CITY CLERK

CITY OF YORBA LINDA

RESOLUTION NO. 2026 - 5988
PAGE 4

RESOLUTION NO. 2026 - 5988
PAGE 5

RESOLUTION NO. 2026 - 5988
PAGE 6

RESOLUTION NO. 2026 - 5988
PAGE 7

RESOLUTION NO. 2026-5989

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

YORBA LINDA, PURSUANT TO THE PROVISIONS OF THE
LANDSCAPING AND LIGHTING ACT OF 1972,

DECLARING ITS INTENTION TO LEVY AND COLLECT

ASSESSMENTS WITHIN THE CITY OF YORBA LINDA

STREET LIGHTING AND LANDSCAPING MAINTENANCE
ASSESSMENT DISTRICT FOR FISCAL YEAR 2026-27,

AND SETTING A TIME AND PLACE FOR A PUBLIC

HEARING CONCERNING THE LEVY OF ANNUAL

ASSESSMENTS
WHEREAS, there currently exists in the City of Yorba Linda an assessment district known as the Yorba Linda Lighting and Landscaping Maintenance District ("District"); and WHEREAS, by Resolution No. 2026-5975, the City Council of the City of Yorba Linda initiated proceedings to levy and collect annual assessments in the District, and ordered the City Engineer to prepare the report required by California Streets and Highways Code, pursuant to the provisions of the Landscaping and Lighting Act of 1972; and
WHEREAS, by accompanying Resolution No. 2026-5988, the City Engineer's report has been approved by the City Council.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Yorba Linda as follows:

Section 1. The foregoing recitals are incorporated herein by this reference Section 2. Pursuant to Streets and Highways Code Section 22624, the City Council hereby finds and declares that the public interest and necessity require the maintenance and servicing of landscaping and public lighting facilities in the City, and the City Council hereby declares its intention to levy and collect assessments within the Yorba Linda Lighting and Landscaping Maintenance Assessment District for Fiscal Year 2026-27. Under said Act, before levying and collecting assessments in the assessment district, the City Council is required to adopt a resolution declaring its intention to do so.

Section 3. The existing improvements in the District are generally described as the construction, installation, operation, servicing, and maintenance of the landscaping of green belts, multi-purpose trails, median islands, parks, and slopes adjacent to public rights-of-way; and the servicing, maintenance, and operation of public street lighting and traffic signal facilities within the Assessment District.

Section 4. The Yorba Linda Lighting and Landscaping Maintenance District is Citywide, and the boundaries of the District are coterminous with the present boundaries of the City.

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Section 5. Reference is hereby made to the Report of the City Engineer on file with the City Clerk for the Fiscal Year 2026-27 (the "Engineer's Report"), which contains a full description of the improvements, the boundaries of the District and any zones therein, and the proposed assessments upon assessable lots and parcels of land within the District.

Section 6. An assessment will be levied pursuant to said Act upon all property in the City of Yorba Linda Street Lighting and Landscaping Maintenance Assessment District for Fiscal Year 2026-27, subject to an assessment under said Act, as described in the Engineer's Report. Parcels within the District that are owned or used by any county, city, special district or other agency shall be assessed unless the City demonstrates by clear and convincing evidence that such lots or parcels receive no special benefit from proposed improvements. The District does not propose an increase in any applicable rate, nor does it propose a revision in methodology for the Fiscal Year 2026-27 by which the assessment is calculated or to exceed an assessment formula or range, from that approved in the votes by the owners of parcels impacted in the assessment ballot proceeding for Fiscal Year 1997-98, the ballot proceeding for the Fiscal Year 2003-04 or any prior or subsequent individual zone proceedings, respectively. Per approval of the voters, an increase in the per-parcel assessment based on CPI or any other approved factor(s) will be levied during the Fiscal Year 2026-27.

Government Code Section 53750(h)(1) provides that for purposes of Article XIIIC and XIIID of the California Constitution an assessment is "increased" if the District increases any applicable rate used to calculate the assessment or revises the methodology by which the assessment is calculated if that revision in methodology results in an increased amount being levied on any person or parcel.

Government Code Section 54954.6(a)(1)(D) similarly provides that an "increased assessment" does not include an assessment that does not exceed an assessment formula or range previously adopted by the voters in the area where the assessment is imposed. The District does not propose an increase in any applicable rate, nor does it propose a revision in methodology for the Fiscal Year 2026-27 by which the assessment is calculated or to exceed an assessment formula or range, from that approved in the votes by the owners of parcels impacted in the assessment ballot proceeding for Fiscal Year 1997-98, the ballot proceeding conducted for the Fiscal Year 2003-04 or any prior or subsequent individual zone proceeding, respectively.

Therefore, pursuant to the foregoing definitions applicable to the proposed Fiscal Year 2026-27 Citywide Yorba Linda Lighting and Landscaping Maintenance Assessment District assessment under the California Constitution and California statutory laws, there is no increase in the proposed Fiscal Year 2026-27 assessments from the assessments imposed for Fiscal Year 2026-27. The dollar amount of the assessment for some parcels may increase from prior years due to a change in use or other factor not related to the applicable rate, calculation methodology, assessment formula, or range previously approved in the above-referenced assessment ballot proceedings.

Section 7. Notice is hereby given that on Tuesday, June 16, 2026, at 6:30 p.m., in the City Council Chambers at 4845 Casa Loma Avenue, Yorba Linda, at a Regular Meeting of the City Council, the City Council will hold a Public Hearing to consider all oral statements and all written protests and communication made or filed by any interested person

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concerning the annual assessments for Fiscal Year 2026-27 for the Yorba Linda Lighting and Landscaping Maintenance Assessment District.

Section 8. The City Clerk is hereby directed to give Notice of the Public Hearing referred to in Section 7 of this Resolution in accordance with applicable law.

Section 9. To the extent anything herein differs or is otherwise inconsistent with the City's prior action with respect to the approval of any individual Zone proceedings, and/ or the levy of assessments for any individual Zone proceedings, this Resolution shall prevail as to any such inconsistencies.

Section 10. If any section, subsection, sentence, clause, phrase, or portion of this Resolution is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining provisions of this Resolution and each section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, or portions might subsequently be declared invalid or unconstitutional. Additionally, if any section, subsection, sentence, clause, phrase, portion, zone, or subzone of the Report is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining provisions of the Report and each section, subsection, subdivision, sentence, clause, phrase, portion, zone, or subzone thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, portions, zones, or sub-zones might subsequently be declared invalid or unconstitutional..

Section 11. This Resolution shall become effective upon its adoption PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Yorba Linda on this 2nd day of June, 2026.
__________________________

CARLOS RODRIGUEZ, MAYOR

CITY OF YORBA LINDA
ATTEST:
______________________________

MARCIA BROWN, CITY CLERK

CITY OF YORBA LINDA
APPROVED AS TO FORM:

RUTAN & TUCKER LLP

RESO L UT IO N N O . 202 6 - 59
89 PA G E 4

CITY ATTORNEY

STATE OF CALIFORNIA )
ss.

COUNTY OF ORANGE )
I, MARCIA BROWN, City Clerk of the City of Yorba Linda, California, DO HEREBY CERTIFY that the foregoing Resolution was adopted at a regular meeting of the City of Yorba Linda held on the 2nd day of June, 2026, and was carried by the following roll call vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

MARCIA BROWN, CITY CLERK

CITY OF YORBA LINDA

City of Yorba Linda
Street Lighting and Landscaping
Maintenance District
Annual Engineer’s Report
Fiscal Year 2026/2027
Intent Meeting: June 02, 2026
Public Hearing: June 16, 2026
MAY 2026

PREPARED BY

WILLDAN FINANCIAL SERVICES
27368 Via Industria
Suite 200
Temecula, CA 92590
T. 951.587.3500|800.755.6864
F. 951.587.3510|888.326.6864
Property Tax Information Line
T.866.807.6864
www.willdan.com Page 170 of 340
ENGINEER’S REPORT AFFIDAVIT
City of Yorba Linda
Street Lighting and Landscaping Maintenance District
For
Fiscal Year 2026/2027
City of Yorba Linda,
County of Orange, State of California
This Report and the enclosed descriptions, budgets and diagrams outline the proposed improvements and assessments for the Street Lighting and Landscaping Maintenance District in the City of Yorba Linda for fiscal year 2026/2027, which includes each lot, parcel, and subdivision of land within said District, as the same existed at the time of the passage of the Resolution of Intention. Reference is hereby made to the Orange County Assessor’s maps for a detailed description of the lines and dimensions of parcels within the District. The undersigned respectfully submits the enclosed Report as directed by the City Council.

Dated this ____________ day of ______________, 2026.

Willdan Financial Services
Assessment Engineer
On Behalf of the City of Yorba Linda
By: ________________________________
Jim McGuire
Principal Consultant, Project Manager
By: ________________________________
Tyrone Peter
PE # C 81888

Table of Contents
Introduction ........................................................................................................ 1 District Changes for Fiscal Year 2026/2027 ................................................................. 1 Report Content and Annual Proceedings ................................................................ 2 Part I - Plans and Specifications .............................................................. 5 Zones of Benefit ........................................................................................................ 5 Description of Improvements ................................................................................... 6 Part II - Method of Apportionment ......................................................... 27 Legislative Authority and Provisions..................................................................... 27 Benefit Analysis ....................................................................................................... 28 Assessment Methodology ...................................................................................... 33 Part III - Estimate of Costs...................................................................... 56 Part V - Assessment Diagrams .............................................................. 70 Local Landscaping Zones ....................................................................................... 71 Arterial Landscaping Zones ................................................................................. 107 Arterial Street Lighting Zone ................................................................................ 117 Local Street Lighting Zone ................................................................................... 118 Traffic Signal Zones .............................................................................................. 119 Appendix A - Historical District Changes ............................................ 120

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Introduction
The City of Yorba Linda (“City”), under the provisions of the Landscaping and Lighting Act of 1972, Part 2 of Division 15 of the California Streets and Highways Code (“1972 Act”) and the provisions of the California Constitution Article XIII D (“California Constitution”), annually levies and collects special assessments for the City’s maintenance assessment district designated as:

Street Lighting and Landscaping Maintenance District
(“District”) in order to provide and maintain various landscaping and lighting improvements throughout the City that provide special benefits to properties within the City.

In accordance with the 1972 Act, the District utilizes benefit zones (“Zones”) to address variations in the nature, location, and extent of the improvements that provide special benefits to parcels in the District. Within the boundaries of the District, parcels are assigned to various Zones, each of which is associated with a set of improvements and/or type of improvements that provide special benefit to properties within that Zone.

In fiscal year 2025/2026, the District was comprised of the following Zones:
 Nine Arterial Landscaping Zones (A-1 through A-9);
 Thirty-three Local Landscaping Zones:
 L-1A through L-1E;
 L-2A through L-2V;
 Zone L-3;
 L-4A and L-4B; and
 L-5A, L-5B and L-5C;
 A single citywide Arterial Street Lighting Zone;
 A non-contiguous Local Street Lighting Zone; and
 Three Traffic Signal Zones (TS-1, TS-2, and TS-3).

District Changes for Fiscal Year 2026/2027
On May 5, 2026, in accordance with the 1972 Act and the provisions of the California Constitution Article XIII D, the City Council conducted a public hearing and completed the Property Owner Protest Ballot Proceeding for a new/increased assessment within Local Landscaping Zone L-1A that resulted in the approval of a new maximum assessment and new assessment range formula (increased assessments) commencing in fiscal year 2026/2027.

In addition, as part of the ongoing annual review of the improvements associated with each zone, the assessment diagram for Local Landscaping Zone L-2J was updated to reflect the addition of two tree maintenance only areas on the south side of Via Sepulveda, one area located between Yorba Ranch Road and Via Ontiveros and the other just southwest of Via Ontiveros.

No other notable or consequential changes to the District and/or improvements have occurred since the adoption of the fiscal year 2025/2026 Engineer’s Report.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Report Content and Annual Proceedings
This Engineer’s Annual Report (“Report”) has been prepared pursuant to Chapter 1, Article 4 and Chapter 3 of the 1972 Act, and presented to the City Council for their consideration and approval of the proposed improvements and services to be provided within the District and the levy and collection of annual assessments related thereto for fiscal year 2026/2027. If any section, subsection, sentence, clause, phrase, portion, zone, or subzone of this Report is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining provisions of the Report and each section, subsection, subdivision, sentence, clause, phrase, portion, zone, or subzone thereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, portions, zones, or subzones might subsequently be declared invalid or unconstitutional.

This Report outlines the District Zone structure, the improvements, and the proposed assessments to be levied in connection with the benefits the properties will receive from the maintenance and servicing of the District improvements for fiscal year 2026/2027. The annual assessments to be levied on properties within the District provide a funding source for the continued operation and maintenance of landscaping and lighting improvements within various zones of benefit (“Zones”) that provide special benefits to the properties within the District and each respective Zone. Each fiscal year, the City establishes the District’s assessments based on an estimate of the costs to maintain, operate, and service the improvements and based upon available revenues including fund balances, general benefit contributions and additional City contributions and assessment limits. The costs of the improvements and the proposed annual assessments budgeted and assessed against properties within the District may include, but are not limited to the estimated expenditures for regular annual maintenance and repairs; incidental expenditures related to the operation and administration of the District; deficits or surpluses from prior years; revenues from other sources; and the collection of funds for operational reserves or for periodic maintenance and improvement rehabilitation projects as authorized by the 1972 Act.

Each parcel is assessed proportionately for only those improvements, services, and expenses for which the parcel will receive special benefit.

Each Zone outlined in this Report reflects the various improvements and the types of improvements and services to be provided by the District for the properties that are directly associated with and benefit from those improvements. The net annual cost to provide the improvements in each Zone is based on the various improvements and the types of improvements and services to be provided by the District and the net special benefit cost of providing those improvements and services are allocated to the benefiting properties within the Zone using a weighted method of apportionment (refer to Assessment Methodology in Part II, Method of Apportionment) that calculates the proportional special benefit and assessment for each parcel as compared to other properties that benefit from the District improvements and services.

The word “parcel,” for the purposes of this Report, refers to an individual property assigned its own Assessor’s Parcel Number (“APN”) by the Orange County Assessor’s Office. The Orange County Auditor/Controller uses APNs and specific Fund Numbers to identify properties to be assessed on the tax roll for the District assessments.

At a noticed annual Public Hearing, the City Council will accept all public comments and written protests regarding the District and the annual levy of assessments. Based on those public comments and written protests, the City Council may order amendments to the Report or confirm the Report as submitted. Following final approval of the Report and confirmation of the assessments the Council will, by Resolution, order the improvements to be made and confirm the levy and collection of assessments pursuant to the 1972 Act. The assessments as approved will

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

be submitted to the Orange County Auditor/Controller to be included on the property tax roll for each parcel.

As required by the 1972 Act, this Engineer’s Report describes the improvements to be provided, maintained, and serviced by the District, an estimated budget for the District improvements, and the proposed assessments to be levied upon each assessable lot or parcel within the District for fiscal year 2026/2027.

While the budgets outlined in this Report reflect the estimated costs necessary to fully and adequately provide for the maintenance and operation of the improvements within the District, in some circumstances the estimated costs and associated services cannot be fully funded by the combination of the current special benefit assessment revenues and the City contribution for general benefits. Therefore, in addition to the City’s contribution for general benefit costs, on a case by case basis, at the discretion of the City Council, the City may also provide additional funding to support the improvements and/or implement service reductions for the fiscal year. To fully fund the improvements that are considered special benefits, it may be necessary in the future to increase assessment revenues which would require the support of the property owners for new or increased assessments through a ballot proceeding conducted under the provisions of the California Constitution Article XIII D.

This Report consists of five (5) parts:

Part I
Plans and Specifications: This section provides a general description of the District and the improvements for which parcels are assessed. The proposed assessments as outlined in this Report are based on the improvements and appurtenant facilities that provide a special benefit to the properties within the District and generally consist of local and arterial landscaping improvements, arterial and local street lighting, traffic signals and operational expenses authorized pursuant to the 1972 Act. The plans and specifications contained in this Report generally describe the nature and extent of the improvements. In conjunction with these general descriptions of the improvements a visual depiction of the landscape improvement areas is provided in “Part V - Assessment Diagrams” of this Report. More detailed information regarding the specific plans and specifications associated with the District improvements in each Zone may be on file in the Public Works Department and by reference are made part of this Report.

Part II
Method of Apportionment: This section includes a discussion of the general and special benefits associated with the various improvements to be provided within the District (Benefit Analysis), which includes a discussion of the proportional costs of the special benefits and a separation of costs considered to be of general benefit (and therefore not assessed). This section of the Report also outlines the method of calculating each property’s proportional special benefit necessary to calculate the property’s annual assessment. This method of apportionment is consistent with the previously adopted method of apportionment for the District that was approved by the property owners in a protest ballot proceeding conducted in 1997 as well as subsequent Property Owner Protest Ballot Proceedings conducted for increased assessments in individual Zones pursuant to the provisions of the California Constitution Article XIII D.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Part III
Estimate of Costs: An estimate of the annual costs to operate, maintain, and service the landscaping and lighting improvements and appurtenant facilities. The budget for each Zone includes an estimate of the maintenance costs and incidental expenses including, but not limited to, labor, materials, utilities, equipment, and administration expenses as well as the collection of other appropriate funding authorized by the 1972 Act, and deemed necessary to fully support the improvements, even though not all costs identified in these budgets are necessarily supported by the current assessment revenues. Those improvements and/or costs determined to be of general benefit shall be funded by a City contribution. In addition to the general benefit costs, the City may provide additional funding to support the maintenance and operation of the improvements that are considered to be of special benefit, but City staff shall make the determination of which improvements, and the extent of the services and activities that shall be provided based on available revenues.

Part IV
Assessment Roll: The assessment amounts to be levied and collected in fiscal year 2026/2027 for each parcel is based on the parcel’s calculated proportional special benefit as outlined in “Part II - Method of Apportionment” and the annual assessment rates established by the estimated budgets in “Part III - Estimate of Costs” of this Report. Due to the number of parcels within the District, the Assessment Roll for fiscal year 2026/2027 has been filed electronically with the City Clerk rather than displayed in this Report and by reference the listing of the Assessor’s Parcel Numbers and the corresponding assessment amounts are made part of this Report.

Part V
Assessment Diagrams: This section of the Report contains a series of diagrams showing the boundaries of the Zones within the District for fiscal year 2026/2027 which incorporate the parcels determined to receive special benefits from the various District improvements. For those Zones that provide landscape improvements, the diagrams also provide a visual depiction of the location and extent of the landscaped areas being maintained. Parcel identification, the lines and dimensions of each lot, parcel, and subdivision of land within the District and Zones are shown on the Orange County Assessor’s Parcel Maps and shall include any subsequent lot line adjustments or parcel changes therein. Reference is hereby made to the Orange County Assessor’s Parcel Maps for a detailed description of the lines and dimensions of each lot and parcel of land within the District.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Part I - Plans and Specifications
The territory within the District consists of all lots or parcels of land within the City of Yorba Linda and the boundaries of the District are coterminous with the City boundaries. The purpose of this District is to provide in part, through annual assessments, funding for the ongoing operation, maintenance, and servicing of landscaping, street lighting, traffic signal improvements, and related facilities and services in various areas throughout the City. Improvements currently provided within the District generally include, but are not limited to:
 Landscape improvements within the street medians and parkway side-panels, including parkways, slopes, and entryways; and various non-street landscaping including greenbelt areas, slopes, local trails, and open space areas within various landscape zones. These landscape improvements and areas may include but are not limited to various combinations of trees; turf; ground cover; shrubs, plantings and other amenities including retaining walls, monuments, fencing, sidewalks, stamped concrete, or pavers; irrigation and drainage systems; and related appurtenances.
 Lighting facilities on the public streets within the City, including both street lights and traffic signals. These lighting improvements may include but are not limited to street lights located on the City’s arterial streets, traffic signals located throughout the City and local street lights within or adjacent to the various developments and subdivisions.

Zones of Benefit
In accordance with the 1972 Act, the District utilizes Zones to address variations in the nature, location, and extent of the improvements that provide special benefits to parcels in the District.

Within the boundaries of the District, parcels are assigned to benefit zones, each of which is associated with a set of improvements and/or type of improvements that provide special benefit to properties within that Zone.

Prior to fiscal year 2012/2013, the District included twelve (12) designated Zones in order to identify and budget for the various improvements being provided within the District and the relationship and benefits to properties within the District. These twelve (12) Zones included a citywide Arterial Landscaping Zone and Arterial Street Lighting Zone; three (3) Traffic Signal Zones (TS-1, TS-2, and TS-3); a noncontiguous Local Street Lighting Zone; and six (6) Local Landscaping Zones designated as L-1, L-2, L-3, L-4, L-5 and L-5A. Commencing in fiscal year 2012/2013, an ongoing annual review and evaluation of the improvements and properties within the District has been conducted. As a result, several modifications have been implemented in the District to clarify and more clearly identify the specific improvements directly associated with and that provide special benefits to the properties within the District as well as the general benefits associated with those improvements. The implementation of these changes since fiscal year 2012/2013 has reorganized the previously established twelve (12) Zones into forty-seven (47) Zones without directly facilitating an increase to the previously approved maximum assessment rates in most cases.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

For fiscal year 2026/2027, the District continues to be comprised of forty-seven (47) benefit zones (Zones) including:
 Nine Arterial Landscaping Zones (A-1 through A-9);
 Thirty-three Local Landscaping Zones:
 L-1A, through L-1E;
 L-2A through L-2V;
 Zone L-3;
 L-4A and L-4B; and
 L-5A, L-5B and L-5C;
 A single citywide Arterial Street Lighting Zone;
 A non-contiguous Local Street Lighting Zone; and
 Three Traffic Signal Zones (TS-1, TS-2, and TS-3).

Description of Improvements
As authorized by the 1972 Act, the improvements provided by the District and associated with each Zone incorporate various landscaping or lighting improvements that are maintained and serviced for the benefit of real property within the District. The maintenance of the landscape improvements may also include various appurtenances that may include but are not limited to entry monuments; various types of fencing; retaining walls; ornamental lighting or other ornamental fixtures; signage; and irrigation, drainage, and electrical equipment. In most cases, these improvements were either installed in direct connection with the development of properties within the Zones or were installed for the benefit of those properties as a result of property development or potential development of those properties and were considered necessary for the development of those properties to their full and best use. The work to be performed within each respective Zone may include but is not limited to (as applicable), the personnel, materials, equipment, electricity, water, contract services, repair and rehabilitation of the improvements and incidental expenses required to operate the District and provide improvements and services for each Zone. The improvements provided within the District and for which parcels receive special benefits are generally described in the following.

Street Light Improvements
The street lighting system in the City of Yorba Linda currently consists of 6,172 street lights (mostly Edison-owned) and the cost of operating and maintaining the street lights including energy costs are funded in part by the District’s annual assessments. Within the District there are two (2) Street Light Zones, designated as the Arterial Street Lighting Zone and the Local Street Lighting Zone. The following is a summary of the two Zones and the street light improvements generally provided in each.

Arterial Street Lighting Zone
The boundaries of the Arterial Street Lighting Zone are coterminous with the City boundaries and all parcels within the City (excluding lots and parcels of land identified as exempt) are proportionately assessed for the net-special benefit costs for the operation and maintenance of

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

these improvements. The following is a summary of the street lights currently included in the Arterial Street Lighting Zone:

Local Street Lighting Zone
Although the Local Street Lighting Zone is also considered a city-wide zone, only parcels that receive special benefits from local street lighting improvements are proportionately assessed for the net special benefit cost of providing those improvements and are designated as “Local Street Lighting Zone A”. All other parcels in the City (parcels that do not receive special benefits from local street lighting improvements and are not assessed) are designated as “Local Street Lighting Zone B” parcels for administration purposes only (not an actual Zone). The following is a summary of the street lighting improvements currently included in the Local Street Lighting Zone for which parcels are proportionately assessed:

Type of Light Wattage Total No.
of Lights
Light Emitting Diodes (LED) 31 39
Light Emitting Diodes (LED) 39 75
Light Emitting Diodes (LED) 71 180
Light Emitting Diodes (LED) 82 751
Light Emitting Diodes (LED) 90 3
Light Emitting Diodes (LED) 105 15
Light Emitting Diodes (LED) 136 12
Light Emitting Diodes (LED) 155 4
Total Lights 1,079
Type of Light Size in
Lumens
Total No.
of Lights
High Pressure Sodium Vapor 4,000 2
High Pressure Sodium Vapor 5,800 3,521
High Pressure Sodium Vapor 9,500 13
High Pressure Sodium Vapor 16,000 37
High Pressure Sodium Vapor 22,000 142
High Pressure Sodium Vapor 27,500 73
High Pressure Sodium Vapor 37,000 2
Total Lights 3,790
Type of Light Wattage Total No.
of Lights
Light Emitting Diodes (LED) 31 1,140
Light Emitting Diodes (LED) 39 14
Light Emitting Diodes (LED) 71 18
Light Emitting Diodes (LED) 82 101
Light Emitting Diodes (LED) 100 23
Light Emitting Diodes (LED) 136 7
Total Lights 1,303

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Traffic Signal Improvements
Within the District there are three (3) Traffic Signal Zones, designated as TS-1, TS-2 and TS-3, the boundaries of which collectively are coterminous with the City boundaries. Each of the three Traffic Signal Zones include traffic signal improvements on the City’s major thoroughfares at specific intersections within the boundaries of each respective Zone that serve as the primary access points to the properties assessed within these Zones. The following is a listing of the traffic signal locations (intersections) currently included in each Traffic Signal Zone.

Traffic Signal Zone TS-1
The zone is located on the eastern side of the City and the proportional special benefit assessments on parcels within this Zone currently fund in part the ongoing maintenance and operation of the traffic signals located at the following intersections:
 La Palma Avenue and Via Lomas de Yorba East;
 La Palma Avenue and Via Lomas de Yorba West;
 La Palma Avenue and Gypsum Canyon Road; and
 La Palma Avenue and Mercado Del Rio.

Traffic Signal Zone TS-2
The zone comprises the majority of the properties within the City (both the central and western portions of the City) as well as the majority of the City’s traffic signals. The proportional special benefit assessments on parcels within this Zone currently fund in part the ongoing maintenance and operation of the traffic signals located at the following intersections:
 Imperial Highway and Prospect Avenue;
 Imperial Highway and Bastanchury Road;
 Imperial Highway and Valley View Avenue;
 Imperial Highway and Casa Loma Avenue;
 Imperial Highway and Eureka Avenue;
 Imperial Highway and Lemon Drive;
 Imperial Highway and Lemon Drive East;
 Imperial Highway and Olinda Street;
 Imperial Highway and Yorba Linda Boulevard;
 Imperial Highway and Kellogg Drive;
 Yorba Linda Boulevard and Linda Vista Street (cost shared with the City of Placentia);  Yorba Linda Boulevard and Rose Drive (cost shared with the City of Placentia);  Yorba Linda Boulevard and Prospect Avenue (cost shared with the City of Placentia);  Yorba Linda Boulevard and Jefferson Street (cost shared with the City of Placentia);  Yorba Linda Boulevard and Van Buren Street;
 Yorba Linda Boulevard and Richfield Road;
 Yorba Linda Boulevard and Valley View Avenue;

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

 Yorba Linda Boulevard and Casa Loma Avenue;
 Yorba Linda Boulevard and Casa Loma Circle;
 Yorba Linda Boulevard and Eureka Avenue;
 Yorba Linda Boulevard and Mountain View Avenue;
 Yorba Linda Boulevard and Lakeview Avenue;
 Yorba Linda Boulevard and Avocado Avenue;
 Yorba Linda Boulevard and Ohio Street;
 Yorba Linda Boulevard and Palm Avenue;
 Yorba Linda Boulevard and Kellogg Drive;
 Yorba Linda Boulevard and Fairmont Boulevard;
 Yorba Linda Boulevard and Avenida Rio Del Oro;
 Yorba Linda Boulevard and Village Center Drive;
 Yorba Linda Boulevard and Paseo De Las Palomas;
 Yorba Linda Boulevard and San Antonio Road;
 Yorba Linda Boulevard and Yorba Ranch Road;
 Yorba Linda Boulevard and Via Del Agua;
 Yorba Linda Boulevard and Via De La Esquela;
 Yorba Linda Boulevard and Stonehaven Drive;
 Yorba Linda Boulevard and Avenida Adobe;
 Yorba Linda Boulevard and New River Road;
 Fairmont Boulevard and Paseo De Las Palomas;
 Fairmont Boulevard and Village Center Drive/Nob Hill;  Fairmont Connector and Esperanza Road;
 Fairmont Boulevard and Fairmont Connector;
 Fairmont Boulevard and Old Ranch Road;
 Fairmont Boulevard and Futura Drive;
 Esperanza Road and Lindsey Drive;
 Esperanza Road and New River;
 Lakeview Avenue and Lemon Drive;
 Lakeview Avenue and Town Center Drive;
 Mountain View Avenue and Kellogg Drive;
 Rose Drive and Wabash Avenue;
 Rose Drive School Crossing (at Rose Drive School);
 Rose Drive Pedestrian Crossing (at El Cajon Trail);
 Valley View Avenue and Orange Drive;

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

 Valley View Avenue and Lakeview Avenue;
 Valley View Avenue and Bastanchury Road;
 Valley View Avenue and Pedestrian Crossing (El Cajon Trail);  Bastanchury Road and Prospect Avenue;
 Bastanchury Road and Rose Drive;
 Bastanchury Road and Lakeview Avenue;
 Bastanchury Road and Fairmont Boulevard;
 Bastanchury Road and Village Center Drive;
 Bastanchury Road and Secretariat Way;
 Bastanchury Road and Grey Stone Drive;
 Bastanchury Road and Clydesdale Drive;
 Bastanchury Road and Plumosa Drive;
 Bastanchury Road and Yorba Linda High School;
 Bastanchury Road and Casa Loma Avenue;
 Bastanchury Road and Eureka Avenue;
 Buena Vista Avenue and Richfield Road; and
 Grandview and Kellogg Drive.

Traffic Signal Zone TS-3
The zone is located in the southeastern section of the City and the proportional special benefit assessments on parcels within this Zone currently fund in part the ongoing maintenance and operation of a single traffic signal located at:
 Savi Ranch Parkway and Mirage Street.

Landscape Improvements
Arterial Landscaping Zone
Within the District there are nine (9) designated Arterial Landscaping Zones (A-1 through A-9), the boundaries of which collectively are coterminous with the City boundaries. Each of these nine Arterial Landscaping Zones have been established to reflect the proportional special benefit properties within the District receive from the District maintained arterial landscaping improvements. The boundaries of each Arterial Landscaping Zone are based on the improvements being maintained through the District assessments and the relationship and proximity of the developments and properties that derive special benefit from those improvements. The location, extent and types of improvements and the proximity of the various parcels and developments to those improvements were evaluated in developing the boundaries of the nine Zones and proportional special benefit cost allocations and most of the Zones are separated by streets that are considered primary arterials or other thoroughfares that may be considered secondary arterials. Therefore, some improvements (specifically medians) may be located between two Zones, and those improvements would be shared by those two adjacent Zones. In such cases, the special benefit and cost of providing such improvements are proportionately shared by parcels in both Zones. However, because the extent and type of landscaping on either side of these streets (parkways, side panels, or adjacent landscape areas)

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

may often be dramatically different, the special benefit and the costs associated with these improvements on primary arterial streets are assigned and allocated to the adjacent Arterial Landscaping Zone. On other thoroughfares (including secondary arterials) these parkways, side panels, or adjacent landscape areas, are typically funded by the abutting Local Landscaping Zone, instead of the Arterial Landscaping Zone. The following is a brief description and summary of the landscaped areas associated within each Arterial Landscaping Zone. A visual depiction of the location and extent of the improvement areas and Zone boundaries are provided in “Part V - Assessment Diagrams” of this Report. Within some of the Arterial Landscaping Zones there are landscape improvement areas (various parkway landscaping and/or greenbelt areas) that are not included as part of the Arterial Landscaping Zone assessments and are currently funded by the City. These improvement areas are distinguished in the Assessment Diagrams by a different color and are summarized in the following descriptions.

Arterial Landscaping Zone A-1
The properties within this Arterial Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 114,610 square feet of designated landscape improvement area that incorporates an estimated 30,010 square feet of irrigated sloped/mostly-sloped landscaped area; 84,250 square feet of irrigated flat/moderatelysloped landscaped area; and 350 square feet of non-irrigated area and trails. The improvement areas for which properties in this Zone receive special benefit are generally located in the following area(s):
 La Palma Avenue from approximately 700 feet east of Weir Canyon Road (Yorba Linda Boulevard), east to Camino De Bryant.

Arterial Landscaping Zone A-2
The properties within this Arterial Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 293,500 square feet of designated landscape improvement area that incorporates an estimated 69,480 square feet of irrigated median landscaping and 3,500 square feet non-irrigated/hardscape median area; 149,840 square feet of irrigated sloped/mostly-sloped landscaped area; and 70,680 square feet of flat/moderately-sloped landscaped area of which 36,710 square feet is irrigated and 33,970 square feet of non-irrigated area and trails. Portions of the medians associated with this Zone are shared by properties in adjacent Zones (shared by Zones A-2, A-3 and A-5) and the square footage presented above represents this Zone’s proportional allocation of the total square footage of those shared median improvements. The improvement areas for which properties in this Zone receive special benefit are generally located in the following area(s):
 Esperanza Road from approximately 370 feet east of Via Del Cazador (the boundary line between Zones A-3 and A-2), west to approximately 490 feet west of Hickory Drive (a point which is approximately 450 feet east of Paseo Del Prado and the boundary line between Zones A-9 and A-2);
 Yorba Linda Boulevard from San Antonio Road (the boundary line between Zones A-9 and A-2), east and south to approximately 400 feet southeast of Via De La Escuela (the point at which the boundary line of Zone A-3 crosses Yorba Linda Boulevard),  The median improvements from San Antonio Road to approximately 450 feet northwest of Via Del Agua (approximately 500 feet southeast of Dorinda Road) are shared with Zone A-5; and

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

 The median improvements from approximately 450 feet northwest of Via Del Agua to approximately 400 feet southeast of Via De La Escuela are shared with Zone A-3;  Yorba Ranch Road from Yorba Linda Boulevard, south to Esperanza Road.

Arterial Landscaping Zone A-3
The properties within this Arterial Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 294,820 square feet of designated landscape improvement area that incorporates an estimated 42,970 square feet of irrigated median landscaping and 12,130 square feet non-irrigated/hardscape median area; 123,690 square feet of irrigated sloped/mostly-sloped landscaped; and 116,030 square feet of flat/moderately-sloped landscaped area of which 88,790 square feet is irrigated and 27,240 square feet is trails. Portions of the medians associated with this Zone are shared by properties in an adjacent Zone (shared by Zone A-2) and the median square footage presented above represents this Zone’s proportional allocation of the total square footage of those shared medians.

The improvement areas for which properties in this Zone receive special benefit are generally located in the following area(s):
 Esperanza Road from approximately 370 feet east of Via Del Cazador (the boundary line between Zones A-2 and A-3), east to a point approximately 1,450 east of New River Road;  Yorba Linda Boulevard from approximately 450 feet northwest of Via Del Agua (approximately 500 feet southeast of Dorinda Road and the boundary line between Zones A5 and A-3), south to Esperanza Road,  The median improvements from approximately 450 feet northwest of Via Del Agua to approximately 400 feet south of Via De La Escuela are shared with Zone A-2.

Arterial Landscaping Zone A-4
The properties within this Arterial Landscaping Zone proportionately share and receive benefit from the maintenance, servicing, and operation of approximately 564,710 square feet of designated landscape improvement area that incorporates an estimated 85,660 square feet of irrigated median landscaping and 11,660 square feet non-irrigated/hardscape median area; 383,090 square feet of irrigated sloped/mostly-sloped landscaped area; and 84,300 square feet of flat/moderately-sloped landscaped area of which 79,220 square feet is irrigated and 5,080 square feet of trails. Portions of the medians associated with this Zone are shared by properties in adjacent Zones (shared by Zones A-4, A-7, A-8, and A-9) and the median square footage presented above represents this Zone’s proportional allocation of the total square footage of those shared medians. In addition to the above square feet of improvements associated with this Zone, there are landscape improvements maintained by the City in various locations within the Zone that are not included as part of the improvements for which properties are assessed through the Arterial Landscaping Zone or any Local Landscaping Zone currently. The maintenance of these non-arterial right-of-way improvement areas are funded by the City. The improvement areas for which properties in this Zone receive special benefit are generally located in the following area(s):
 Esperanza Road from Imperial Highway, east to Fairmont Boulevard;  Imperial Highway from Yorba Linda Boulevard, south to Esperanza Road,  The median improvements from Yorba Linda Boulevard to Kellogg Drive are shared with Zone A-8;

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

 Yorba Linda Boulevard from Imperial Highway, east to Avenida Rio Del Oro (these median improvements are shared with Zone A-7);
 Fairmont Connector between Fairmont Boulevard and Esperanza Road,  The median island is situated between the roadway and the bike lane on the Fairmont Connector just north of Esperanza Road;
 Fairmont Boulevard from Yorba Linda Boulevard, south to Esperanza Road,  The median improvements from Paseo De Las Palomas, south to Esperanza Road are shared with Zone A-9;
 Non-Assessed Local Improvements in this Zone include, but are not limited to:
 Parkways located in the vicinity of Kellogg Drive and Arroyo Cajon Drive; Grandview Avenue and Sunny Slope; Avenida Rio Del Oro south of Yorba Linda Boulevard; the east side of Fairmont Boulevard just north of Paseo De Las Palomas; and the west side of Fairmont Boulevard between Paseo De Las Palomas and Village Center Drive;  Greenbelt/trail areas located generally along Kingsbriar Drive between Fairmont Boulevard and Acacia Hill Drive; and
 Median and parkway landscaping on Imperial Highway located southeast of Kellogg Drive.

Arterial Landscaping Zone A-5
The properties within this Arterial Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 648,630 square feet of designated landscape improvement area that incorporates an estimated 112,510 square feet of irrigated median landscaping and 11,630 square feet non-irrigated/hardscape median area; 384,230 square feet of irrigated sloped/mostly-sloped landscaped area; and 140,260 square feet of flat/moderately-sloped landscaped area of which 69,930 square feet is irrigated and 70,330 square feet is non-irrigated comprised of natural vegetation or minimal/modified/fallowlandscaped areas and/or trails. Portions of the medians associated with this Zone are shared by properties in adjacent Zones (shared by Zones A-2, A-5, A-7, and A-9) and the median square footage presented above represents this Zone’s proportional allocation of the total square footage of those shared medians. The improvement areas for which properties in this Zone receive special benefit are generally located in the following area(s):
 Bastanchury Road from the boundary line between Zones A-6 and A-5 which is approximately 310 feet east of Emerald Downs Drive and 1,000 feet west of Clydesdale, east to Village Center Drive,
 The median improvements from Fairmont Boulevard, east to approximately 830 feet west of Village Center Drive are shared with Zone A-7;
 Yorba Linda Boulevard from approximately 750 feet west of Village Center Drive (the boundary line between Zones A-7 and A-5), east to approximately 500 feet southeast of Dorinda Road (approximately 450 feet northwest of Via Del Agua and the boundary line between A-3 and A-5),
 The median improvements from approximately 750 feet west of Village Center Drive to San Antonio Road are shared with Zone A-9;

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

 The median improvements from San Antonio Road to approximately 500 feet southeast of Dorinda Road are shared with Zone A-2;
 Village Center Drive from Yorba Linda Boulevard, north to Fairmont Boulevard;  Fairmont Boulevard from Avenida Del Rey, north to Village Center Drive,  The median improvements from Avenida Del Rey to Bastanchury Road are shared with Zone A-7.

Arterial Landscaping Zone A-6
The properties within this Arterial Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 519,130 square feet of designated landscape improvement area that incorporates an estimated 93,400 square feet of irrigated median landscaping and 4,950 square feet non-irrigated/hardscape median area; 256,280 square feet of irrigated sloped/mostly-sloped landscaped area; and 164,500 square feet of flat/moderately-sloped landscaped area including 133,560 square feet of irrigated landscaping and 30,940 square feet of trails. Portions of the medians associated with this Zone are shared by properties in an adjacent Zone (shared by Zone A-7) and the median square footage presented above represents this Zone’s proportional allocation of the total square footage of those shared medians. The improvement areas for which properties in this Zone receive special benefit are generally located in the following area(s):
 Bastanchury Road from Valley View Avenue (at the boundary line between Zones A-7 and A-6), east to approximately 310 feet east of Emerald Downs Drive (approximately 1,000 feet west of Clydesdale and is also the boundary line between Zones A-5 and A-6);  Lakeview Avenue from Bastanchury Road, north and west to Valley View Avenue;  Valley View Avenue from Bastanchury Road, north to Valley View Circle,  The median improvements between Bastanchury Road and Brooklyn Avenue are shared with Zone A-7.

Arterial Landscaping Zone A-7
The properties within this Arterial Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 1,180,170 square feet of designated landscape improvement area that incorporates an estimated 181,190 square feet of irrigated median landscaping and 31,350 square feet non-irrigated/hardscape median area; 397,500 square feet of sloped/mostly-sloped landscaped area of which 391,370 square feet is irrigated and 6,130 square feet is non-irrigated; and 570,130 square feet of flat/moderately-sloped landscaped area of which 441,510 square feet is irrigated and 128,620 square feet is non-irrigated (24,530 square feet of natural vegetation or minimal-landscaped areas and 104,090 square feet of trails). Portions of the medians associated with this Zone are shared by properties in adjacent Zones (shared by Zones A-4, A-6, A-8, and A-9) and the median square footage presented above represents this Zone’s proportional allocation of the total square footage of those shared medians.

In addition to the above square feet of improvements associated with this Zone, there are landscape improvements maintained by the City in various locations within the Zone that are not included as part of the improvements for which properties are assessed through the Arterial Landscaping Zone or any Local Landscaping Zone currently. The maintenance of these nonPage 186 of 340 Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

arterial right-of-way improvement areas are funded by the City. The improvement areas for which properties in this Zone receive special benefit are generally located in the following area(s):
 Yorba Linda Boulevard from North Jefferson Avenue, east to approximately 750 feet west of Village Center Drive (the boundary line between Zones A-5 and A-7),  The median improvements from North Jefferson Avenue to Imperial Highway are shared with Zone A-8;
 The median improvements from Imperial Highway to Avenida Rio Del Oro are shared with Zone A-4;
 The median improvements from Avenida Rio Del Oro to approximately 750 feet west of Village Center Drive are shared with Zone A-9;
 North Rose Drive between Verna Lane and Lathrop Drive;  Imperial Highway between Yorba Linda Boulevard to North Rose Drive;  Bastanchury Road from western City Limit (a point that is approximately 1,000 feet west of North Rose Drive), east to Lakeview Avenue, and then from Fairmont Boulevard, east to approximately 830 feet west of Village Center Drive,
 The median improvements from Fairmont Boulevard, east to approximately 830 feet west of Village Center Drive are shared with Zone A-7;
 Lakeview Avenue between Bastanchury Road and Piper Place;  Fairmont Boulevard from Avenida Del Rey, south to Yorba Linda Boulevard;  Valley View Avenue from Bastanchury Road to Brooklyn Avenue (the median improvements are shared with Zone A-6); and
 Non-Assessed Local Improvements in this Zone include, but are not limited to:
 Parkways located on El Cajon Avenue, Prospect Avenue, 2nd Street, Orange Drive, Valley View Avenue, Casa Loma Avenue, Avocado Avenue, and Fairmont Boulevard; and
 Greenbelt/trail areas located generally near north of El Cajon Avenue between Valley View Avenue and Jamestown Drive; and south of Bastanchury Road and west of North Rose Drive.

Arterial Landscaping Zone A-8
The properties within this Arterial Landscaping Zone proportionately share and receive benefit from the maintenance, servicing, and operation of approximately 415,710 square feet of designated landscape improvement area that incorporates an estimated 48,360 square feet of irrigated median landscaping and 4,780 square feet non-irrigated/hardscape median area; 144,290 square feet of irrigated sloped/mostly-sloped landscaped area; and 218,280 square feet of flat/moderately-sloped landscaped area including 167,430 square feet of irrigated landscaping and 50,850 square feet of trails. Portions of the medians associated with this Zone are shared by properties in adjacent Zones (shared by Zones A-4 and A-7) and the median square footage presented above represents this Zone’s proportional allocation of the total square footage of those shared medians. In addition to the above square feet of improvements associated with this Zone, there are landscape improvements maintained by the City in various locations within the Zone that are not included as part of the improvements for which properties are assessed through the

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Arterial Landscaping Zone or any Local Landscaping Zone currently. The maintenance of these non-arterial right-of-way improvement areas are funded by the City. The improvement areas for which properties in this Zone receive special benefit are generally located in the following area(s):
 Yorba Linda Boulevard from Jefferson Street to Imperial Highway (the median improvements are shared with Zone A-7);
 Imperial Highway from Yorba Linda Boulevard to Kellogg Drive (the median improvements are shared with Zone A-4);
 Richfield Road from Yorba Linda Boulevard to Orchard Drive (southern City Limits);  Lakeview Avenue from Buena Vista Avenue to Mariposa Avenue (southern City Limits);  Buena Vista Avenue from Windemere Drive (western City Limits) to Imperial Highway; and  Non-Assessed Local Improvements in this Zone include, but are not limited to:
 Parkways located on North Van Buren Street between Buena Vista Avenue and Alta Vista Street; and
 Greenbelt/trail area located north of Cascades.

Arterial Landscaping Zone A-9
The properties within this Arterial Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 785,340 square feet of designated landscape improvement area that incorporates an estimated 267,850 square feet of irrigated median landscaping and 3,080 square feet non-irrigated/hardscape median area; 289,580 square feet of irrigated sloped/mostly-sloped landscaped area; and 224,830 square feet of flat/moderately-sloped landscaped area including 133,830 square feet of irrigated landscaping and 91,000 square feet of non-irrigated improvements (49,070 square feet of natural vegetation or minimal-landscaped areas and 41,930 square feet of trails). Portions of the medians associated with this Zone are shared by properties in adjacent Zones (shared by Zones A-4, A-5, and A-7) and the median square footage presented above represents this Zone’s proportional allocation of the total square footage of those shared medians. In addition to the above square feet of improvements associated with this Zone, there are some flat/moderately-sloped improvements within the boundaries of the Zone that are maintained by the City but not included as part of the improvements for which properties are assessed through the Arterial Landscaping Zone or any Local Landscaping Zone currently. The maintenance of these non-arterial right-of-way improvement areas are funded by the City. The improvement areas for which properties in this Zone receive special benefit are generally located in the following area(s):
 Esperanza Road from Fairmont Boulevard, east to approximately 490 feet west of Hickory Drive (a point which is approximately 450 feet east of Paseo Del Prado and the boundary line between Zones A-2 and A-9);
 Yorba Linda Boulevard from Avenida Rio Del Oro, east to San Antonio Road (the boundary line between Zones A-2 and A-9),
 The median improvements between Avenida Rio Del Oro and a point approximately 750 feet west of Village Center Drive are shared with Zone A-7;  The median improvements from approximately 750 feet west of Village Center Drive to San Antonio Road are shared with Zone A-5;
 Village Center Drive from Yorba Linda Boulevard, south and west to Fairmont Boulevard;

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

 Paseo De Las Palomas from Fairmont Boulevard, east and north to Yorba Linda Boulevard; and
 Fairmont Boulevard from Paseo De Las Palomas, south to Esperanza Road (these median improvements are shared with Zone A-4).

Local Landscaping Zones
For fiscal year 2026/2027, the District includes thirty-three (33) designated Local Landscaping Zones including L-1 (A through E), L-2 (A through V), L-3, L-4 (A and B), and L-5 (A, B and C).

The boundaries of each Local Landscaping Zone are established on the basis of the location, extent and types of improvements or similarities in the types of improvements being maintained through the District assessments as well as the particular and distinct benefits the various developments and properties derive from those improvements based on proximity to those specific improvements and the nexus between the development of the properties that required or facilitated the installation of those improvements. While most local landscaping improvements are specifically associated with specific developments or development areas, some improvements (most typically greenbelts and/or trails) may be located between two or more Zones and/or extend from one Zone to the next and those improvements may reasonably be considered shared improvements. In such cases, the special benefits and cost of providing such improvements are proportionately shared by parcels in each Zone. The following is a brief description and summary of the landscaped areas associated within each Local Landscaping Zone. A visual depiction of the location and extent of the landscape improvement areas and Zone boundaries are provided in “Part V - Assessment Diagrams” of this Report. In connection with these landscaped areas, the maintenance of the improvements within each Zone may also include various appurtenances such as entry monuments, fencing, retaining walls, ornamental lighting, signage, and related irrigation, drainage, and electrical equipment.

Local Landscaping Zone L-1A
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 1,665,380 square feet of designated landscape improvement area that incorporates an estimated 1,940 square feet of irrigated median landscaping and 735 square feet non-irrigated/hardscape median area; 1,348,150 square feet of sloped/mostly-sloped landscaped area including 1,333,900 square feet of irrigated landscaping and 14,250 square feet of non-irrigated area; and 314,555 square feet of flat/moderately-sloped landscaped area including 78,265 square feet of irrigated landscaped area, 185,905 square feet of non-irrigated reduced maintenance area, and 50,385 square feet of trails.

Local Landscaping Zone L-1B
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the full maintenance, servicing, and operation of approximately 1,181,370 square feet of designated full maintenance landscape improvement area that incorporates an estimated 1,310 square feet of irrigated median landscaping; 1,135,990 square feet of irrigated sloped/mostly-sloped landscaped area; and 44,070 square feet of irrigated flat/moderately-sloped landscaped area.

In addition, the properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance and servicing of approximately 1,582,980 square feet of landscaped area identified as “Transitional Maintenance” areas consisting of approximately

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

1,582,930 square feet of sloped/mostly-sloped landscape areas and 50 square feet of flat/moderately-sloped landscape areas. Due to the recently approved new/increased assessment for the Zone, these Transitional Maintenance areas will be rehabilitated (transitioned) to full regular maintenance levels over an estimated 30 to 35 years as available assessment revenues allow by planting of cost effective, drought resistant ground cover. Collectively, the Zone improvements consist of approximately 2,764,340 square feet of landscaped area.

Local Landscaping Zone L-1C
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 849,680 square feet of designated landscape improvement area that incorporates an estimated 640,480 square feet of sloped/mostly-sloped landscaped area including 623,600 square feet of irrigated landscaping of which more than half is being maintained at a reduced service level, and 16,880 square feet of non-irrigated area which is also being maintained at a reduced service level; and 209,200 square feet of flat/moderately-sloped landscaped area including 41,490 square feet of irrigated landscaping, 107,210 square feet of non-irrigated landscaped area being maintained at a reduced service level, and 60,500 square feet of trails.

Local Landscaping Zone L-1D
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 85,670 square feet of designated landscape improvement area that incorporates an estimated 75,060 square feet of sloped/mostly-sloped landscaped area of which 74,070 square feet is irrigated and 990 square feet is non-irrigated; and 10,610 square feet of flat/moderately-sloped landscaped area of which 9,490 square feet is irrigated landscaping and 1,120 square feet is trails.

Local Landscaping Zone L-1E
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 62,880 square feet of designated landscape improvement area that incorporates an estimated 6,120 square feet of irrigated sloped/mostly-sloped landscaped area; and 56,760 square feet of irrigated flat/moderately-sloped landscaped area.

Local Landscaping Zone L-2A
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 598,040 square feet of designated landscape improvement area that incorporates an estimated 569,840 square feet of sloped/mostly-sloped landscaped area including 550,940 square feet of irrigated landscaping and 18,900 square feet of non-irrigated area; and 28,200 square feet of irrigated flat/moderatelysloped landscaped area.

Local Landscaping Zone L-2B
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 649,870 square feet of designated landscape improvement area that incorporates an estimated 10,330 square feet of irrigated median landscaping; 493,730 square feet of irrigated sloped/mostly-sloped landscaped area; and 145,810 square feet of flat/moderately-sloped landscaped area that includes 47,350 square feet of irrigated landscaping and 98,460 square feet of trails.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Local Landscaping Zone L-2C
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 2,508,330 square feet of designated landscape improvement area that incorporates an estimated 163,950 square feet of irrigated median landscaping and 940 square feet non-irrigated/hardscape median area; 1,233,250 square feet of irrigated sloped/mostly-sloped landscaped area; and 1,110,190 square feet of flat/moderately-sloped landscaped area that includes 893,920 square feet of irrigated landscaping and 216,270 square feet of trails.

A portion of the landscaped area along the western boundary of Zone L-2C (that portion west of the concrete pathway) is reasonably considered a shared improvement area with the adjacent residential properties. A portion of this area is a drainage easement, and a portion is part of the adjacent residential development tract map but was landscaped as part of the East Lake development (Zone L-2C). The adjacent residential tract is not part of a Local Landscaping Zone and the cost to maintain this area will be funded equally by Zone L-2C assessments and the City.

For the purpose of calculating the proportional special benefits, the square footage presented above includes this Zone’s proportional allocation of the square footage in this area. In total, this Zone’s proportional share of this shared improvement area is approximately 32,000 square feet, which includes an estimated 7,210 square feet of irrigated sloped/mostly-sloped area; 24,610 square feet of irrigated flat/moderately-sloped landscaped area; and 180 square feet of pathway and/or trails.

Local Landscaping Zone L-2D
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 844,720 square feet of designated landscape improvement area that incorporates an estimated 1,680 square feet of irrigated median landscaping; 771,580 square feet of irrigated sloped/mostly-sloped landscaped area; and 71,460 square feet of flat/moderately-sloped landscaped area including 44,840 square feet of irrigated landscaping and 26,620 square feet trails.

Local Landscaping Zone L-2E
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 210,970 square feet of designated landscape improvement area that incorporates an estimated 124,020 square feet of sloped/mostly-sloped landscaped area of which 107,110 square feet is irrigated and 16,910 square feet is non-irrigated area; and 86,950 square feet of flat/moderately-sloped landscaped area that includes 37,200 square feet of irrigated landscaping and 49,750 square feet of trails.

Portions of the designated landscaping improvement area associated with this Zone are shared by properties in Zones L-2E, L-2F, and L-2U, specifically the parkway side-panel improvements on Village Center Drive, which total approximately 113,900 square feet. The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Local Landscaping Zone L-2F
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 80,350 square feet of designated landscape improvement area that incorporates an estimated 30,700 square feet of sloped/mostly-sloped landscaped area of which 30,070 square feet is irrigated and 630 square feet is non-irrigated area; and 49,650 square feet of flat/moderately-sloped landscaped area of which 16,930 square feet is irrigated and 32,720 square feet is non-irrigated (1,580 square feet of natural vegetation or minimal-landscaped areas and 31,140 square feet of trails).

Portions of the designated landscaping improvement area associated with this Zone are shared by properties in Zones L-2E, L-2F, and L-2U, specifically the parkway side-panel improvements on Village Center Drive, which total approximately 113,900 square feet; also shared by properties in Zones L-2F and L-2U are the parkway side-panel entryway improvements on Manzanita Avenue, which total approximately 1,715 square feet; and shared by properties in Zones L-2F, L-2S, L-2T, and L-2U are the connecting trail area and associated landscaping within and adjacent to these Zones, which total approximately 105,250 square feet. The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Local Landscaping Zone L-2G
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 454,570 square feet of designated landscape improvement area that incorporates an estimated 1,330 square feet of irrigated median landscaping; 297,440 square feet of irrigated sloped/mostly-sloped landscaped area; and 155,800 square feet of flat/moderately-sloped landscaped area that includes 55,380 square feet of irrigated landscaping and 100,420 square feet of non-irrigated improvement area (1,450 square feet of natural vegetation or minimal-landscaped areas and 98,970 square feet of trails).

Local Landscaping Zone L-2H
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 375,010 square feet of designated landscape improvement area that incorporates an estimated 263,790 square feet of irrigated sloped/mostly-sloped landscaped area; and 111,220 square feet of flat/moderatelysloped landscaped area that includes 23,610 square feet of irrigated landscaping and 87,610 square feet of trails.

Portions of the designated landscaping improvement area associated with this Zone are shared by properties in Zones L-2H and L-2J, specifically the trail located between the two zones along the eastern border of L-2H and the western border of L-2J, which totals approximately 41,670 square feet. The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Local Landscaping Zone L-2I
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 437,910 square feet of designated landscape improvement area that incorporates an estimated 3,810 square feet of irrigated median landscaping; 180,030 square feet of irrigated sloped/mostly-sloped landscaped area; and 254,070 square feet of flat/moderately-sloped landscaped area of which 115,750 square feet is irrigated and 138,320 square feet is trails.

A portion of the landscaped area for this Zone includes the interconnecting trails and greenbelts that extend across Zones L-2I, L-2O and L-2P. The overall improvement area associated with this greenbelt/trail (approximately 196,440 square feet) is proportionately shared by the properties in these Zones. The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Local Landscaping Zone L-2J
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 194,410 square feet of designated landscape improvement area that incorporates an estimated 69,550 square feet of irrigated sloped/mostly-sloped landscaped area; and 124,860 square feet of flat/moderatelysloped landscaped area that includes 37,820 square feet of irrigated landscaping and 87,040 square feet of non-irrigated area (54,080 square feet of natural vegetation or tree maintenance only areas and 32,960 square feet of trails). Additionally, the Assessment Diagram for this Zone contained in “Part V - Assessment Diagrams” of this Report identifies various tree maintenance only areas within the Zone. In the tree maintenance only areas, the District maintains just the trees, not any other vegetation, landscaping, or irrigation in these designated areas.

Portions of the designated landscaping improvement area associated with this Zone are shared by properties in Zones L-2H and L-2J, specifically the trail located between the two zones along the eastern border of L-2H and the western border of L-2J, which totals approximately 41,670 square feet. In addition, the landscape improvements (approximately 1,360 square feet) located on the south side of Via Del Parque just east of Dominguez Ranch Road is proportionately shared by properties in L-2J and L-2P. Although this improvement area is within the boundaries of L-2J and adjacent to L-2J properties, this particular improvement area was originally installed as part of the development of properties within L-2P and are therefore treated as a shared special benefit.

The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Local Landscaping Zone L-2K
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 614,650 square feet of designated landscape improvement area that incorporates an estimated 2,040 square feet of irrigated median landscaping area; 256,960 square feet of irrigated sloped/mostly-sloped landscaped area; 355,650 square feet of flat/moderately-sloped landscaped area that includes 85,940 square feet of irrigated landscaping and 269,710 square feet of non-irrigated improvements (254,200 square feet of natural vegetation or minimal-landscaped areas and 15,510 square feet is trails).

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

The maintenance, servicing, and operation of the above designated square feet of landscape improvement area, which is depicted on the improvement map contained in “Part V - Assessment Diagrams” of this Report, includes approximately 280,200 square feet of reduced service level area. Although the reduced service level area may be irrigated, the servicing of these improvements or any other such areas within the Zone may be performed only as needed or deemed necessary by the City.

For fiscal year 2026/2027 the landscaping square footage and the improvement areas depicted on the Assessment Diagram for Zone L-2K contained in “Part V - Assessment Diagrams” of this Report, includes newly installed trail area constructed as part of the development of Tract 17341 which was annexed to Zone L-2K in March 2023.

Local Landscaping Zone L-2L
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 180,340 square feet of irrigated sloped/mostly-sloped landscaped area.

Local Landscaping Zone L-2M
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 37,690 square feet of designated landscape improvement area that incorporates an estimated 25,120 square feet of irrigated sloped/mostly-sloped landscaped area; and 12,570 square feet of flat/moderately-sloped landscaped area that includes 11,840 square feet of irrigated landscaping and 730 square feet of trails.

Local Landscaping Zone L-2N
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 51,860 square feet of designated landscape improvement area that incorporates an estimated 26,040 square feet of irrigated sloped/mostly-sloped landscaped area; and 25,820 square feet of flat/moderately-sloped landscaped area that includes 17,380 square feet of non-irrigated landscaping and 8,440 square feet of trails.

Portions of the designated landscaping improvement area associated with this Zone are shared by properties in Zones L-2N and L-2V, specifically a portion of the irrigated parkway side-panel improvements and trail on Esperanza Road at the east end of Zone L-2N and the west end of L-2V, which totals approximately 25,540 square feet. The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones. The maintenance, servicing, and operation of the above designated square feet of landscape improvement area, which is depicted on the improvement map contained in “Part V - Assessment Diagrams” of this Report, includes approximately 17,370 square feet of reduced service level area. Although the reduced service level area may be irrigated or shared in part with another Zone, the servicing of these improvements or any other such areas within the Zone may be performed only as needed or deemed necessary by the City.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Local Landscaping Zone L-2O
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 47,900 square feet of designated landscape improvement area that incorporates an estimated 13,370 square feet of irrigated sloped/mostly-sloped landscaped area; and 34,530 square feet of flat/moderately-sloped landscaped area of which 19,090 square feet is irrigated and 15,440 square feet is trails. All of the landscaped area for this Zone is associated with the interconnecting trails and greenbelts that extend across Zones L-2I, L-2O and L-2P. The overall improvement area associated with this greenbelt/trail (approximately 196,440 square feet) is proportionately shared by the properties in these Zones. The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Local Landscaping Zone L-2P
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 249,400 square feet of designated landscape improvement area that incorporates an estimated 197,160 square feet of irrigated sloped/mostly-sloped landscaped area; and 52,240 square feet of flat/moderately-sloped landscaped area including 46,070 square feet of irrigated landscaping and 6,170 square feet of trails.

A portion of the landscaped area for this Zone includes the interconnecting trails and greenbelts that extend across Zones L-2I, L-2O and L-2P. The overall improvement area associated with this greenbelt/trail (approximately 196,440 square feet) is proportionately shared by the properties in these Zones. In addition, the landscape improvements (approximately 1,360 square feet) located on the south side of Via Del Parque just east of Dominguez Ranch Road is proportionately shared by properties in L-2J and L-2P. Although this improvement area is within the boundaries of L-2J and adjacent to L-2J properties, this particular improvement area was originally installed as part of the development of properties within L-2P and are therefore treated as a shared special benefit.

The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Local Landscaping Zone L-2Q
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 97,350 square feet of designated landscape improvement area that incorporates an estimated 36,250 square feet of irrigated sloped/mostly-sloped landscaped area; and 61,100 square feet of flat/moderately-sloped landscaped area that includes 32,790 square feet of irrigated landscaping and 28,310 square feet of trails.

Local Landscaping Zone L-2R
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 96,290 square feet of designated landscape improvement area that incorporates an estimated 2,590 square feet of irrigated median landscaping; 17,450 square feet of irrigated sloped/mostly-sloped landscaped area; and 76,250 square feet of irrigated flat/moderately-sloped landscaped area.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Local Landscaping Zone L-2S
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 50,480 square feet of designated landscape improvement area that incorporates an estimated 10,290 square feet of sloped/mostly-sloped landscaped area of which 9,330 square feet is irrigated and 960 square feet is non-irrigated area; and 40,190 square feet of flat/moderately-sloped landscaped area that includes 8,370 square feet of irrigated landscaping and 31,820 square feet of non-irrigated areas (2,410 square feet of natural vegetation or minimal-landscaped areas and 29,410 square feet of trails).

More than half of the designated landscaping improvement areas associated with this Zone are shared by properties in Zones L-2F, L-2S, L-2T, and L-2U, specifically the connecting trail area and associated landscaping within and adjacent to these Zones, which total approximately 105,250 square feet. The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Local Landscaping Zone L-2T
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 238,510 square feet of designated landscape improvement area that incorporates an estimated 115,520 square feet of sloped/mostly-sloped landscaped area of which 111,890 square feet is irrigated and 3,630 square feet is non-irrigated area; and 122,990 square feet of flat/moderately-sloped landscaped area that includes 57,150 square feet of irrigated landscaping and 65,840 square feet of non-irrigated areas (3,500 square feet of natural vegetation or minimal-landscaped areas and 62,340 square feet of trails).

Some of the designated landscaping improvement areas associated with this Zone are shared by properties in Zones L-2F, L-2S, L-2T, and L-2U, specifically the connecting trail area and associated landscaping within and adjacent to these Zones, which total approximately 105,250 square feet. The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Local Landscaping Zone L-2U
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 76,210 square feet of designated landscape improvement area that incorporates an estimated 35,560 square feet of sloped/mostly-sloped landscaped area of which 34,960 square feet is irrigated and 600 square feet is non-irrigated area; and 40,650 square feet of flat/moderately-sloped landscaped area that includes 15,130 square feet of irrigated landscaping and 25,520 square feet of non-irrigated area (14,270 square feet of natural vegetation or minimal-landscaped areas and 11,250 square feet of trails).

Some of the designated landscaping improvement areas associated with this Zone are shared by properties in Zones L-2F, L-2S, L-2T, and L-2U, specifically the connecting trail area and associated landscaping within and adjacent to these Zones, which total approximately 105,250 square feet. In addition, properties in Zones L-2E, L-2F, and L-2U, also proportionately share in the parkway side-panel improvements on Village Center Drive, which total approximately 113,900 square feet. The square footage totals presented in the paragraph above incorporate this Zone’s

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Local Landscaping Zone L-2V
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 412,530 square feet of designated landscape improvement area that incorporates an estimated 19,430 square feet of irrigated median landscaping; 152,310 square feet of irrigated sloped/mostly-sloped landscaped area; and 240,790 square feet of flat/moderately-sloped landscaped area of which 118,370 square feet is irrigated and 122,420 square feet is non-irrigated (60,600 square feet of natural vegetation or minimal-landscaped areas and 61,820 square feet of trails).

A small portion of the designated landscaping improvement areas associated with this Zone is shared with properties in Zone L-2N, specifically a portion of the irrigated parkway side-panel improvements on Esperanza Road at the east end of Zone L-2N and the west end of L-2V, which totals approximately 25,540 square feet. The square footage totals presented in the paragraph above incorporate this Zone’s proportional special benefit allocation of the shared square footage referenced here, based on the proportional equivalent benefit units of the shared Zones.

Local Landscaping Zone L-3
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 36,910 square feet of designated landscape improvement area that incorporates an estimated 27,270 square feet of irrigated median landscaping and 4,700 square feet of non-irrigated/hardscape median area; and 4,940 square feet of flat/moderately-sloped landscaped area of which 2,760 square feet is irrigated landscaping and 2,180 square feet is trails.

Local Landscaping Zone L-4A
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 272,990 square feet of designated landscape improvement area that incorporates an estimated 17,120 square feet of irrigated median landscaping; 75,550 square feet of sloped/mostly-sloped landscaped area of which 48,750 square feet is irrigated and 26,800 square feet is non-irrigated area; and 180,320 square feet of flat/moderately-sloped landscaped area of which 118,040 square feet is irrigated and 62,280 square feet is non-irrigated (37,110 square feet of natural vegetation or minimallandscaped area and 25,170 square feet of trails).

Local Landscaping Zone L-4B
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 115,470 square feet of designated landscape improvement area that incorporates an estimated 58,010 square feet of sloped/mostly-sloped landscaped area of which 5,800 square feet is irrigated and 52,210 square feet is non-irrigated area; and 57,460 square feet of flat/moderately-sloped landscaped area that includes 26,500 square feet of irrigated landscaping and 30,960 square feet of trails.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Local Landscaping Zone L-5A
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 1,942,210 square feet of designated landscape improvement area that incorporates an estimated 26,230 square feet of irrigated median landscaping and 9,560 square feet non-irrigated/hardscape median area; 480,350 square feet of sloped/mostly-sloped landscaped area of which 353,320 square feet is irrigated and 127,030 square feet is non-irrigated area; and 1,426,070 square feet of flat/moderately-sloped landscaped area of which 251,370 square feet is irrigated and 1,174,700 square feet of non-irrigated areas (859,490 square feet of natural vegetation or minimallandscaped areas and 315,210 square feet of trails).

A portion of the landscaped area along the southern boundary of the Zone (approximately 158,960 square feet) is identified as a landscape mitigation area and is proportionately shared by Zone L-5A and the General Fund. This area extends east from Prospect Avenue along the north side of Wabash Avenue to 3rd Street, then south along the east side of 3rd Street to Chicago Avenue, then east along the north side of Chicago Avenue over to Valley View Avenue, then south along the west side of Valley View Avenue to Walnut Street. These landscape mitigation improvements were installed in connection with the development of properties within L-5A but the residential developments south of these improvements are not part of a Local Landscaping Zone.

The cost to maintain these landscape mitigation improvements will be funded equally by Zone L5A assessments and the City. For the purpose of calculating the proportional special benefits, the square footage presented in the paragraph above includes this Zone’s proportional allocation of the square footage in this shared benefit area.

The maintenance, servicing, and operation of the above 1,942,210 square feet of landscape improvement area, which is depicted on the improvement map contained in “Part V - Assessment Diagrams” of this Report, includes approximately 860,085 square feet of reduced service level or fuel modification areas, which are serviced only as needed or deemed necessary by the City, ranging from approximately one to four times per year.

Local Landscaping Zone L-5B
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 1,351,090 square feet of designated landscape improvement area that incorporates an estimated 944,130 square feet of sloped/mostly-sloped landscaped area of which 942,060 square feet is irrigated and 2,070 square feet is non-irrigated area; and 406,960 square feet of flat/moderately-sloped landscaped area of which 119,500 square feet is irrigated and 287,460 square feet of non-irrigated areas (3,930 square feet of natural vegetation or minimal-landscaped areas and 283,530 square feet of trails).

Local Landscaping Zone L-5C
The properties within this Local Landscaping Zone proportionately share and receive special benefit from the maintenance, servicing, and operation of approximately 522,080 square feet of designated landscape improvement area that incorporates an estimated 198,450 square feet of irrigated sloped/mostly-sloped landscaped area; and 323,630 square feet of flat/moderatelysloped landscaped area of which 34,000 square feet is irrigated landscaping and 289,630 square feet of trails.

Yorba Linda Street Lighting and Landscaping Maintenance District Engineer’s Annual Report
Fiscal Year 2026/2027

Part II - Method of Apportionment
Legislative Authority and Provisions
1972 Act
The 1972 Act permits the establishment of assessment districts by agencies for the purpose of providing certain public improvements, including the acquisition, construction, installation and servicing of landscape improvements and related facilities. The 1972 Act requires that the cost of these improvements be levied according to benefit rather than assessed value:

Section 22573 defines the net amount to be assessed as follows:
“The net amount to be assessed upon lands within an assessment district may be apportioned by any formula or method which fairly distributes the net amount among all assessable lots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements.”
Section 22574 provides for zones as follows:
“The diagram and assessment may classify various areas within an assessment district into different zones where, by reason of variations in the nature, location, and extent of the improvements, the various areas will receive differing degrees of benefit from the improvements.

A zone shall consist of all territory which will receive substantially the same degree of benefit from the improvements.”
The formulas used for calculating assessments and the designation of zones herein reflect the composition of parcels within the District and the improvements and activities to be provided, and have been designed to fairly apportion the cost of providing those improvements based on a determination of the proportional special benefits to each parcel, consistent with the requirements of the 1972 Act and the provisions of Proposition 218 and Article XIII D of the California Constitution.

California Constitution
The costs of the proposed improvements for fiscal year 2026/2027 have been identified and allocated to properties within the District based on special benefit. The improvements provided by this District and for which properties are assessed are local improvements and related amenities that were installed in connection with the development of the properties or would otherwise be required for the development of properties within each respective Zone of the District. The assessments and method of apportionment are based on the premise that these improvements would otherwise not have been required without the development of those parcels within the District.

Article XIII D Section 2d defines District as follows:
“District” means an area determined by an agency to contain all parcels which will receive a special benefit from a proposed public improvement or property-related service.” Article XIII D Section 2i defines Special Benefit as follows:
“Special benefit” means a particular and distinct benefit over and above general benefits conferred on real property located in the district or to the public at large. General enhancement of property value does not constitute “special benefit.”